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10-4
Coronavirus Update New York City: NY Yankees, Mets to reopen stadiums with different capacity rules
Governor Andrew Cuomo announced the New York Yankees and Mets are reopening stadiums May 19 with different capacity rules for vaccinated and unvaccinated sections.
For vaccinated people -- normal seating with masks. Children under 16 can accompany.
For unvaccinated people -- 6 foot distancing with masks. 33% capacity in these sections.
"The crowd makes the game," Cuomo said. "Ty cobb, everyone will tell you that. It's a different experience with the crowd. The crowd energizes, brings the rhythm, the dynamic into the stadium. Sports momentum, the crowd is part of the momentum. Great teams will say one of their greatest assets is their fan base. When the fans are with them, cheering, it's totally different feeling, especially a New York crowd, not a shy crowd. They don't sit there and clap politely. They let you know they are there, and they are in the game, so that's important."
The Mets, Yankees and state health department will team up to offer vaccine at the game.
https://abc7ny.com/covid-vaccine-nyc-covid-19-finder-appointment-update/10584283/
US Space Command Closely Tracking Large Chinese Rocket's Out-Of-Control Fall To Earth
The Pentagon and US Space Command are said to be tracking a large Chinese rocket which is set to reenter Earth's atmosphere at some point this coming weekend, likely "around May 8th" according to the latest DoD statement. Crucially, the concern is that the falling rocket's debris could land on inhabited places and pose a danger to people below, given that it is among the largest ever launces to make an uncontrolled and high speed re-entry into earth's atmosphere. It's also the Chinese Long March 5B rocket's size - at 30 meters in length and weighing 22 tons - that poses the likelihood that an immense amount of debris could fall down to Earth's surface as opposed to be being burned up upon re-entry, as is typical with smaller rockets.
S Defense Department spokesman Mike Howard issued to following details in a Tuesday statement:
The rocket's "exact entry point into the Earth's atmosphere" can't be pinpointed until within hours of reentry, Howard said, but the 18th Space Control Squadron will provide daily updates on the rocket's location through the Space Track website. The rocket was used by the Chinese to launch part of their space station last week. While most space debris objects burn up in the atmosphere, the rocket's size — 22 tons — has prompted concern that large parts could reenter and cause damage if they hit inhabited areas.
This is something which, though very rare, has happened in the recent past. In May of 2020 a Chinese Long March 5B made a similarly uncontrolled re-entry which resulted in debris raining down on inhabited areas of the Ivory Coast. At one point during that 2020 incident it was feared the debris could fall over the North American mainland, but it had re-entered over the Atlantic with debris reaching the African coast, as photos at the time showing pieces of internal rocket components scattered across a village confirmed...
Reports of a 12-m-long object crashing into the village of Mahounou in Cote d'Ivoire. It's directly on the CZ-5B reentry track, 2100 km downrange from the Space-Track reentry location. Possible that part of the stage could have sliced through the atmo that far (photo: Aminata24) pic.twitter.com/yMuyMFLfsv
— Jonathan McDowell (@planet4589) May 12, 2020
Currently Long March 5B rocket, which was launched on April 28 in order to send key components to China's new next-generation space station, is orbiting the globe about 15 times a day at up to 18,000mph. This means any tiny change in trajectory can drastically alter its final re-entry point.
One Harvard astrophysicist, Jonathan McDowell, has been widely quoted as saying there's very minimal risk that rocket parts could actually fall on people. "I don't think people should take precautions. The risk that there will be some damage or that it would hit someone is pretty small not negligible, it could happen but the risk that it will hit you is incredibly tiny. And so I would not lose one second of sleep over this on a personal threat basis," he said. The scientist added: "There are much bigger things to worry about."
https://www.zerohedge.com/technology/us-space-command-closely-tracking-large-chinese-rockets-out-control-fall-earth
Credit Suisse stops custodian service for some U.S. cannabis stocks - sources
Credit Suisse Group AG has told customers in recent months it will no longer execute transactions in shares of cannabis companies with U.S. operations or hold them on behalf of clients, a cannabis company executive and other industry sources told Reuters on Wednesday.
The Swiss lender was among a handful of banks that had been willing to buy and sell marijuana-related stocks for clients in the United States and hold those shares as a custodian. Credit Suisse declined to comment.
Cannabis remains illegal under U.S. federal law, even though many states have legalized its use. This represents a legal risk for investment banks working for companies that produce or trade the drug. Credit Suisse’s compliance and risk management procedures have come under scrutiny from investors and analysts after it lost at least $4.7 billion from the collapse of Archegos, an investment firm dedicated to managing the fortune of hedge fund veteran Bill Hwang, as well as the suspension of funds linked to insolvent supply chain finance company Greensill. The MSOS exchange-traded fund, which tracks U.S. marijuana stocks, has fallen by more than a fifth since early February. Several market players said they believed Credit Suisse’s actions played a role in the selloff. “(When) Credit Suisse pulled custodian (services) on cannabis stocks, a number of large investors in the space lost their ability to custodian the stocks,” said Abner Kurtin, Chief Executive Officer of newly-floated marijuana grower Ascend Wellness Holdings Inc. “That led to a significant selloff.”
A custodian bank holds customers’ securities for "safekeeping", to prevent them from being stolen or lost, while also collecting dividends and handling other corporate actions. It plays an important role in helping many investors to hold shares in companies.**
The weed industry has boomed over the last three years, as Canada and a succession of U.S. states, including most recently New York and New Jersey, legalized recreational use.
Credit Suisse shares are down over 20% so far this year, and the bank has said it is cutting its prime brokerage business, which caters to hedge fund clients, by about a third.
https://www.reuters.com/article/credit-suisse-cannabis/exclusive-credit-suisse-stops-custodian-service-for-some-u-s-cannabis-stocks-sources-idUSL1N2MS2FY
**Except when they are wound up in swaps contracts with the bank(s) holding the actual shares and those are then hypothecated to other large banks or institutions...."safekeeping"......
In the U.S., some of the largest custodian banks include the Bank of New York Mellon, JPMorgan Chase, State Street Bank and Trust Co., and Citigroup
moar on Custodian(s) here
https://www.investopedia.com/terms/c/custodian.asp
VIPER22 USAF F-16 Fighting Falcon leads NICKL21 22 23 24 F-16's back to Aviano AB after refueling exercise with QID33 USAF KC135 tanker over the Adriatic Sea
QID33 back to RAF Mildenhall where the tankers that refuel the BUFFS are also based.
Amazon, Inc. sold by Chairman/CEO and Pres. Jeff Bezos: $2.48b-May 3,4,5
Jeff Bezos Just Sold $2.5 Billion Worth Of Amazon Stock In His First Sale Of 2021
Amazon founder and outgoing CEO Jeff Bezos, the richest person in the world, sold $2.5 billion worth of Amazon shares on Monday and Tuesday, according to Securities and Exchange Commission filings. Accounting for taxes, Bezos will net $1.9 billion, Forbes estimates. Bezos’ is now worth an estimated $192.6 billion, meaning that the e-commerce tycoon keeps his spot as No. 1 richest, ahead of LVMH’s Bernard Arnault and Tesla’s Elon Musk.
The transactions mark the first time Bezos has sold Amazon shares this year, though he is known to regularly cash in at least $1 billion from stock sales annually. Last year, he sold more than $10 billion of his Amazon stock across three batches of sales in February, August and November.
In total, Bezos sold nearly 740,000 shares of Amazon this week at stock prices ranging from $3,274 to $3,485 per share, according to six new documents filed with the SEC on Wednesday evening. The transactions are part of a predetermined plan to offload company stock, according to the filings. That leaves Bezos owning close to 52.5 million shares of Amazon, a 10.4% stake in the company. He told reporters in 2017 that he had been selling $1 billion worth of shares per year to bankroll Blue Origin, the space exploration company he created. It’s not clear if the sales this week are also intended to fund Blue Origin, which today began an auction for one seat on its first commercial flight, currently scheduled for July 20. Earlier this year, Bezos announced in a letter to employees that he would step down as CEO before the end of 2021. As part of the announcement, he said he would shift his focus to his other businesses, including Blue Origin and The Washington Post, and philanthropic efforts such as the Day 1 Fund and his Bezos Earth Fund, a $10 billion commitment to fight climate change.
A representative for Bezos did not respond to a request for comment at the time of publication.
https://www.forbes.com/sites/kenrickcai/2021/05/05/jeff-bezos-just-sold-2-5-billion-worth-of-amazon-stock-in-his-first-sale-of-2021/
https://finviz.com/insidertrading.ashx?oc=1043298&tc=7&b=2
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