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" ... However, even without the pandemic’s reminder, it is clear to your humble correspondent that – whether through a governmentally imposed carbon tax or the simple fact that environmental degradation will start to exact its own “natural” tax on carbon waste (through famine and other natural disasters, for example) – this supply chain paradigm will be forced to change. ... "
" ... In some cases, politicians engineered bailout packages that converted private debt risk into sovereign debt risk, as was the case with Greek debt, avoiding contagion. In other cases, easy central bank money allowed governmentally owned banks to lend money to governmentally owned corporations and local governments, as has been the case in China. ... "
" ... In the age of Covid-19, monogrammed plates and ostrich tartare have given way to chicken fried rice and free dessert (if you bring your own bag). A meal of crispy escargot wanton and black truffle chicken wings runs $18; there are only two items on the menu for more than $20, and most of Mountain Bird’s wines have been marked down 50% or more. Still, stopgap measures, both internally and governmentally, won’t cover the bills longterm. ... "
" ... The commercial real estate industry is already heavily taxed, starting with ordinary real estate taxes that often consume around a third of a commercial property owner’s gross revenue. The industry also pays regular income taxes like anyone else, ever-increasing water and sewer fees, transfer taxes and mortgage taxes that are among the highest in the United States, special New York City business taxes, commercial rent taxes (at least for some leases, and nominally paid by tenants), and endless filing fees, other fees, and fines. That doesn’t include the cost of complying with filing, disclosure, and reporting requirements as well as other governmentally imposed operational burdens that grow every year. ... "
" ... While these robust changes generally apply to governmentally administered healthcare programs, one hopes that insurance companies will continue to latch on to this model with expanded zeal as the Covid-19 pandemic reverberates across the country. As of today, the telehealth, and broader healthcare community, is fluid, dynamic and constantly evolving. Clinicians can expand their care and reach Medicare patients via telehealth given the flexibility of current federal regulations; now clinics must scramble to deploy tele-solutions under stressful and challenging times. ... "