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NOW ON PERSPECTIVE ’26 I  WILL TRY HUMBLY TO MAKE SENSE OF THIS NEWS.

WILL KEVIN WARSH STOP INFLATION WITH HIS ¼ RISE IN COST OF BORROWING. I DOUBT IT.

KEEPING THE RATE AT 3.5% ALL LAST YEAR  DID NOT DO IT.  COMPANIES IN THE FIRST QUARTER FIRED THOUSANDS AND RAISED PRICES USING OIL AND TARIFFS AS EXCUSES THE RESULT GREAT PROFITS FOR THEM AND MISERY FOR YOU MR. AND MRS AND MS. AMERICA.

THE ANALYSIS THAT THE FED RAISING THE RATE 1/4%  MAY SIGNAL TO INVESTORS THAT THE BOARD IS ” PROACTIVE”   ABOUT MANAGING INFLATION COAXING INVESTORS TO EXPECT INFLATION TO MODERATE AND DEMAND A LOWER RETURN ON GOVERNMENT BONDS. BY A LEADING INVESTMENT ADVISOR IS INTERESTING.

HIGH INTEREST RATE LAST YEAR  CERTAINLY DID NOT DO THAT ALL THIS YEAR AND LAST YEAR.

THEN THE ADVISOR  SAID “IF GROWTH STAYS RESILIENT AND THEY HIKE FIVE OR SIX TIMES, THEN THE LONG END (10 YEAR BONDS) IS NOT GOING TO GO DOWN. IT REALLY DEPENDS ON HOW MANY TIMES THEY HIKE” WHAT DO YOU MAKE OF THAT?

IS THE FED SIMPLY ROLLING THE DICE, HOPING INFLATION WILL GO DOWN?  STEP RIGHT UP AND YOU BET YOUR INTEREST RATE. THAT’S WHAT THE FED IS DOING.

ON ANOTHER MATTER:

GOVERNOR HOCHUL IS PAYING 8,200 NEW YORKERS  $200 TO HELP US WITH ENERGY COSTS AND THE CHECKS ARE IN THE MAIL TODAY. SHE IS ALSO ESTABLISHING “FLOODSAFE” TO IDENTIFY WHERE COMMUNITIES ACROSS THE STATE ARE VULNERABLE.  SHE HAS  ALREADY SIGNED INTO LAW ALSO DEMANDING MORE DISCLOSURE OF POWER COMPANY INCREASES.

BUT SOMETHING  IS MISSING.

I SAY IT’S MONEY.

YOU MAY IDENTIFY FLOODING EARLY WARNING BUT WE IN WESTCHESTER KNOW WHERE OUR DRAINS AND SEWERS ARE OVERFLOWING ALL OVER THE SOUTH SHORE AND WE EVEN SHUT DOWN SEWER PLANTS TO AVOID BLACKOUTS.

THE GOVERNOR KNOWS THIS AND SO DOES OUR COUNTY EXECUTIVE AND OUR LEGISLATORS  SAY NOTHING ABOUT FUNDING SEWER REPAIR.

AS JERRY MCGUIRE  THE MOVIE AGENT SAID “SHOW ME THE MONEY.”

I ALSO SALUTE SENATOR GILLEBRAND FOR HER STAND ON MENOPAUSE IT IS ABOUT TIME.

JUST A WORD: 

I HAVE BEEN TELLING YOU THE LAST MONTH, THE STATE IS NO LONGER TELLING US HOW MANY COVID CASES HAVE BEEN REPORTED DAILY IN THE COUNTY. THE STATE WIDE INFECTIONS OF NEW COVID HAVE EQUALED INFECTIONS BACK ON MARCH 30 OF THIS YEAR, 772 IN A MONTH. WESTCHESTER DOES NOT KNOW WHERE IT IS ON COVID.

MY GUESS (BASED ON A 1 PERSON WITH COVID GIVING COVID TO 2 OTHER PERSONS WHICH WAS THE INFECTION RATE IN JULY FROM JUNE COVID INFECTIONS),IS:

WE SHOULD HAVE 1,500 COVID INFECTIONS IN WESTCHESTER COUNTY BY THE END OF SEPTEMBER.

THE NEW YORK HEALTH DEPARTMENT SHOULD RESUME UPDATE COVID INFECTIONS ACROSS THE STATE, OTHERWISE WE DO NOT KNOW WHERE WE ARE ON COVID GROWTH IN CASES.

TRUE INFORMATION IS SECURITY. NO INFORMATION IS JUST HOPING. NO INFORMATION ON COVID SPREAD CREATES ANOTHER COVID SURGE ESCALATING BECAUSE OF PUBLIC FEELS COVID IS OVER, AND IS APATHETIC, NOT FEELING THE NEED FOR GETTING VACCINATED AND, OF COURSE  SOCIALIZES IRRESPONSIBLY.

COUNTY EXECUTIVE JENKINS IS RIGHT. GET YOUR FLU AND COVID SHOTS.

THIS IS JOHN BAILEY REPORTING FOR WHITE PLAINS WEEK…GOOD NIGHT AND THANK YOU