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Taxpayer Tricks and Treats for Halloween 2020

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As if 2020 wasnt scary enough, today Citizens Against Government Waste (CAGW) released its 20th annual compilation of hair-raising, harrowing, and horrifying Taxpayer Tricks and Treats:

Trick: The House Robs Taxpayers of $3 Trillion

In an attempt to shake down taxpayers and steal their money in the dead of night, the House of Representatives approved the $3 trillion HEROES Act on May 15, 2020, with a $915 billion bailout of state and local governments. But according to an August 24, 2020 Department of the Treasury report, of the $150 billion provided to the states under the CARES Act, 37 states have spent less than 25 percent of their allocated funding, and 23 of those states have spent less than 10 percent. After howls of protest from taxpayer groups like CAGW and taxpayers in states that had not wasted money before the pandemic, the Senate rejected both the first version of the HEROES Act and a second version that cut the bailout to $436 billion. But taxpayers can expect the bailout to be resurrected if the Democrats control Congress and the White House after the November 3 elections.

Treat: Cutting Red Tape is Helping the U.S. Recover from Coronavirus

As a breath of fresh air in the rank atmosphere of partisanship that has permeated the nation for much of 2020, more than 850 rules and regulations have been terminated, suspended, or amended at every level of government to help the country recover from COVID-19. It would be a great treat for taxpayers to see the full implementation of President Trumps May 19 Executive Order that directs federal agencies to review regulations that were suspended, modified, or waived to determine if these changes should be made permanent.

Trick: The Socialist Apocalypse Is as Frightening as Ever

Socialist policies keep rising from the dead. Behind almost every terrifying corner, toxic programs are being peddled to vastly expand the scope and power of the federal government while threatening individual freedom and liberty. An estimated 220 million Americans would frightfully lose their private insurance plans under Medicare for All. The Green New Deal, which aims to overhaul nearly every sector of the economy, could cost a petrifying $93 trillion and destroy the economy. Everyone should fear spooky ideas like free public college that would cost $47 billion annually, forgiveness of student loans that would cost $2.2 trillion over 10 years, and free childcare that would cost $70 billion annually. Taxpayers should make sure their elected officials run far, far away from the Socialist Grim Reaper.

Treat: Broadband Resiliency Has Been Divine During the Pandemic

As millions of Americans have made the shift to telework, online education, and telehealth during the scary pandemic crisis, broadband internet service providers in the U.S. have managed network traffic extremely well (unlike many European countries), proving that private sector investments in broadband are working. The Federal Communications Commission (FCC) initiated the Keep Americans Connected program, with widespread financial commitments from private sector providers, to ensure that Americans do not lose telephone and broadband. The FCC also provided temporary licenses in the 5.9 GHz spectrum band to several providers to allow them to use this spectrum to connect more homes across the country.

Trick: The National Debt Will Haunt the U.S. Forever

The current national debt of $27 trillion is set to grow at an alarming record pace over the next decade. A January 2020 Congressional Budget Office (CBO) report forecast an average annual deficit of $1.3 trillion between fiscal years (FY) 2021 and 2030, rising to $1.7 trillion by the end of the decade, adding a horrifying $13 trillion to the national debt and bringing it to $39.8 trillion.

While the January estimates were eerie enough, the October CBO budget review reported that the FY 2020 deficit was $3.1 trillion, more than three times the FY 2019 deficit, and 15.2 percent of gross domestic product (GDP). This would be the largest deficit relative to the economy since 1945. In its September 2020 long term outlook report, CBO estimated the FY 2020 deficit would be $3.3 trillion and the national debt would grow to a shocking (and unsustainable) 189 percent of GDP by 2049, which is 45 percentage points higher than the estimate made in 2019. The numbers are mind numbing, and the consequences are frightening, unless something is done to prevent this financial plague.

Treat: Increased Mid-Band Spectrum for 5G Networks Is a Reality

As part of its 5G-FAST plan, the FCC has increased the amount of mid-band spectrum available for 5G deployment, a sweet gift to taxpayers that is as good as any Halloween candy. While the pandemic delayed some deployment of 5G both in the U.S. and around the world, the FCC still completed the millimeter wave spectrum band auction, which is critical to implementing 5G deployment in urban and more densely situated markets, netting $4.47 billion in revenue for taxpayers. The c-band spectrum auction, slated to begin on December 8, 2020, which provides a critical 280 MHz of mid-band spectrum for 5G deployment across the country, will add more revenue to the Treasury, and keep the U.S. ahead of wicked competitors like China in the race to 5G.

Trick: Importation of a Witches Brew of Canadian Drugs

Double, double, toil and trouble, fire burn, and cauldron bubble. Just as Macbeths dangerous and wicked weird sisters could predict and influence the future, drug counterfeiters are plotting right now how to take advantage of the Trump administrations regulation to allow states to import drugs from Canada. But Canadian officials have repeatedly said they will not export their drugs to U.S patients, since the country already experiences drug shortages for its own citizens. And the policy prevents certain drugs from being reimported into the U.S. like biologics, which are among the most expensive. Even if drugs are imported, the cost of compliance with strict federal safety requirements will likely negate any savings. Ghastly, greedy counterfeiting creatures will be emboldened to cook up dangerous concoctions that may contain worse ingredients than a fillet of fenny snake, eye of newt, or toe of frog. Theyll do anything to sell their deadly witches brew to unsuspecting American citizens, from designing fake Canadian websites to selling their ghoulish wares on the street.

Treat: States have Sweet Success with Occupational Licensing Reform

Many states have had sweet success with occupational licensing reform during the coronavirus pandemic, including recognition of out-of-state medical licenses for telehealth and reduced educational requirements for various professions. Many states have already made permanent changes and others are considering such action. Florida, which ranked fifth according to the Institute for Justice for the most bloodcurdling and burdensome laws in the nation, permanently changed occupational licensing laws for hairdressers, interior designers, nutritionists, and workers in other fields. Arizona, Iowa, Idaho, Missouri, and Utah have also enacted universal occupational licensing reform, which will make it easier for their citizens to find work as the economy recovers from the pandemic.

Trick: Most Favored Nation Zombie Price Controls

One way to turn Americas vibrant biopharmaceutical research and development into a zombie apocalypse would be the permanent adoption of President Trumps most favored nation (MFN) Executive Order drug pricing policy for Medicare. MFN adopts price controls, which never work, by allowing Medicare to pay the lowest price for a drug found in a select group of mostly European countries. In the late 1980s, the European drug industry spent 24 percent more than the U.S. on pharmaceutical research. But socialist healthcare systems turned the European pharmaceutical industry into the walking dead of research and development by 2004, when it trailed the U.S by 15 percent. In a not too distant future, after the U.S. biopharmaceutical industry has been bitten by MFN, it too will become a zombie, virtually unresponsive to finding cures for complex diseases like Alzheimers, Lou Gehrigs disease (ALS), and muscular dystrophy. In the middle of a pandemic, the U.S. has picked a bad time to give up global leadership in pharmaceutical R&D.

Treat: Candy Corn Is Sweet, but Cocktails Are Sweeter

The pandemic lockdowns have haunted the liquor industry, but several states have proposed novel ideas to alleviate the serious economic impact by either temporarily or permanently allowing restaurants and liquor stores to offer yummy to-go cocktails. These states include Colorado, Delaware, Iowa, Massachusetts, Michigan, Missouri, and New Jersey. In Ohio, Governor Mike DeWine signed HB 699 into law on June 10, 2020, to permanently allow the sale of alcoholic beverages by carryout or delivery. The Buckeye Institute noted that the hospitality and leisure industry had nearly 142,700 fewer jobs compared to 2019. Allowing carryout and delivery for alcoholic beverages will be a sweet treat for these workers and consumers.

Trick: Maryland is Haunted by Spooky Taxes

Lawmakers in Maryland summoned something wicked when they proposed spiking the states sale tax on alcohol from 9 percent to 10 percent in 2021. House of Delegates Minority Leader Nic Kipke (R-Pasadena), predicted, This type of tax increase could be the final straw that puts many out of business. The measure is expected to raise an estimated $14 million a year from Maryland taxpayers within the first two years after the law would be enacted and will continue to haunt them with an additional $22 million each subsequent year. Like other sin tax increases, those figures will be shockingly short of expectations, as millions of Marylanders can walk, bike, scooter, or drive themselves to D.C., Virginia, Delaware, Pennsylvania, and West Virginia, as well as go online to buy alcohol.

Trick: AB 5 Haunts Gig Economy Workers

An attempt by California Assemblyman Kevin Kiley (R-Rocklin) to reverse provisions of AB 5, a scary law that has haunted California gig economy workers for the past year fell to its grave. But voters still have a chance to undo the laws application to Uber and Lyft drivers if Proposition 22 is approved on the November 3 ballot. The supposed purpose of AB 5 was to protect workers by guaranteeing a minimum wage, sick leave, workers compensation, and unemployment benefits. Instead, the law has led to the loss of work for millions of independent contractors in every imaginable industry. In what could be the death knell for app-based workers and other self-employed and self-sufficient Americans across the country, former Vice President Joe Biden plans to federalize the law if he is elected President on November 3.

Trick: The Fiscal Nightmare Continues at the Department of Defense

The 19-year procurement nightmare known as the F-35 Joint Strike Fighter (JSF) program is approximately $195 billion over budget and nine years behind schedule. The total costs for the F-35 are estimated to reach $1.727 trillion over the lifetime of the program, which is just an evil expenditure of the taxpayers money. Of this total, $1.266 trillion will be needed for operations and support. Of course, the programs many ghastly problems have not stopped the Department of Defense (DOD) from asking for funding, and members of Congress from supplying it, oftentimes exceeding the budget request. This trend continued in FY 2020, when legislators added $2.1 billion to fund the acquisition of 22 JSFs beyond the amount requested by the Pentagon. Since FY 2001, members of Congress have added 29 gruesome earmarks for the JSF program, costing $8.9 billion.

Treat: DODs Chief Management Officer Makes Progress (May Be a 2021 Trick)

In an effort to get the Pentagons hideous business operations in order, the Chief Management Officer (CMO) position was created in fiscal year 2017. The position has already proved its worth, identifying vast sums spent to stock a commissary system with items that are of limited interest to customers. Of the 1.4 million items carried, nearly 1 million produce less than $1,000 in revenue each year, including 23 brands of apple juice. Overall, the CMO has claimed to have identified $22.3 billion in savings between FYs 2018 and 2021. Taming the bureaucratic beast has always been and will continue to be a challenge because of institutional inertia, contractor resistance, and the Pentagons benefactors in Congress. In fact, just three years after touting its creation and despite its success, legislators have taken steps to unwind the CMO position. Instead of allowing some of the Pentagons most horrible management practices to be resurrected, Congress should support efforts to strengthen and institutionalize the office.

Trick: DOD Still Fails to Complete a Clean Audit

The DOD scarily remains the sole federal agency to have never undergone a clean audit. The books are so unnerving that areas within the DOD have been on the Government Accountability Offices list of programs at high risk for waste, fraud, abuse, and mismanagement since 1995. In November 2018, then-Deputy Secretary of Defense Patrick Shanahan took a stab at describing the Pentagons attempt at an audit, stating, We failed the audit, but we never expected to pass it. The DOD did not indicate how much money turned up missing in the audit, but with a budget topping $800 billion when factoring in the $70.7 billion provided in the Overseas Contingency Operations account, that amount is likely to be shocking to taxpayers.

CAGW is the nations largest nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government.

Alexandra Abrams (202) 467-5310

[email protected]

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Trend Micro IPS Rules Integrate with AWS Network Firewall

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Customers get trusted protection for easy-to-manage, scalable network security

 

HONG KONG SAR – Media OutReach – 18 November 2020 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), the leader in cloud security, today announced it is a Launch Partner for AWS Network Firewall, a managed service that makes it easy to deploy essential network protections for all of your Amazon Virtual Private Clouds (Amazon VPCs) on Amazon Web Services (AWS). As a Launch Partner, Trend Micro has integrated managed threat intelligence feeds from its cloud security solution to enable superior protection inline with this new AWS managed firewall service.

As digital transformation is accelerating globally, businesses consider how to strategically protect their cloud environments while maintaining scalability and minimizing friction. See how Trend Micro continuously works to provide easy to manage, scalable cloud security solutions to support AWS customers as an AWS Advanced Technology Partner: www.trendmicro.com/aws.

According to Gartner, “In the past, organizations deployed more than one firewall brand at the perimeter or in front of the demilitarized zone with an aim to provide an overlap of capability in case a single product could not be relied on… While this argument has some merit — back doors and vulnerabilities occasionally happen — implementing multiple firewalls increases management complexity and the potential for human error, reduces scalability, and increases operational costs.[1]

Trend Micro’s built-in IPS intelligence will inspect traffic for malicious intent so that the firewall can stop threats before they get a foothold in a virtual private cloud. Together, AWS and Trend Micro offer a simple, scalable service with reliable protection that does not require any infrastructure management.

“Our customers asked for the ability to manage network security at scale, and we are thrilled to deliver just that,” said Andrew Thomas, General Manager, Perimeter Protection, Amazon Web Services, Inc. “This low friction network firewall functionality is bolstered by AWS Partners like Trend Micro, who has stepped up to deliver additional layers of protection for customers through integration with AWS Network Firewall.”

“We are proud to help customers adopt more advanced security capabilities with less heavy lifting,” said Steve Quane, chief product officer for Trend Micro. “The approach of traditional NGFW vendors to the cloud has not been scalable and has created unnecessary pains for customers. With AWS reducing customer friction at the infrastructure layer, we’re excited to help raise the bar for baseline network level protections by delivering our leading threat intelligence enforced through integration with AWS Network Firewall.”

Trend Micro offers complete, industry-leading hybrid cloud security solutions to simplify protection of business data in AWS environments. This includes additional network security as well as protection for cloud native services, file object storage and cloud-based applications. Trend Micro’s threat intelligence will be available free with easy deployment for AWS Network Firewall customers.



[1] Gartner, Control Network Security Complexity, Inefficiencies and Security Failures by Minimizing Firewall Diversity, March 27, 2020

About Trend Micro

Trend Micro, a global leader in cybersecurity, helps make the world safe for exchanging digital information. Leveraging over 30 years of security expertise, global threat research, and continuous innovation, Trend Micro enables resilience for businesses, governments, and consumers with connected solutions across cloud workloads, endpoints, email, IIoT, and networks. Our XGen™ security strategy powers our solutions with a cross-generational blend of threat-defense techniques that are optimized for key environments and leverage shared threat intelligence for better, faster protection. With over 6,700 employees in 65 countries, and the world’s most advanced global threat research and intelligence, Trend Micro enables organizations to secure their connected world www.trendmicro.com.hk.

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Beyond Meat Debuts New Product, Beyond Pork™, in China

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  • The plant-based minced pork is Beyond Meat’s latest cutting-edge innovation and the company’s first product developed specifically for the Chinese market
  • From Nov. 18-24, Shanghai foodies can be the first to try Beyond Pork at five popular Shanghai restaurants

 

SHANGHAI, CHINA – Media OutReach – 18 November 2020 – Beyond Meat, Inc. (NASDAQ: BYND), a pioneer in plant-based meat, is announcing its latest product innovation: Beyond Pork™. Designed to deliver the sumptuous taste, juicy texture and culinary versatility similar to traditional minced pork, Beyond Pork was created specifically for the Chinese market and is the next step forward in Beyond Meat’s commitment to creating high-quality products that meet consumers’ demand for delicious, nutritious and sustainable protein.

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The introduction of Beyond Pork follows the successful launches of the Beyond Burger® and Beyond Beef™ in mainland China and comes at a time when interest in plant-based meat is growing in China and around the world. Pork is the most popular meat in China and the country ranks among the highest pork consumption rates in the world[1], making it an excellent location for the unveiling of Beyond Pork. The development of Beyond Pork was a global collaboration between dedicated Beyond Meat teams in Los Angeles and Shanghai. In addition, Beyond Meat conducted multiple sensory tests in China to get direct consumer feedback toward perfecting the product. The result? Beyond Pork was a fan favorite among consumers for its ability to mirror the mouthwatering umami flavor, texture and aroma of animal-based minced pork, while offering the added health and environmental benefits of plant-based meat.

 

“We’re excited to launch Beyond Pork in China, marking a milestone for Beyond Meat as we are not only launching an entirely new product innovation, but our first plant-based meat product created specifically for the Chinese market,” said Candy Chan, China General Manager, Beyond Meat. “With Beyond Pork, Beyond Meat is providing even more delicious options for consumers to continue to eat their favorite dishes while enjoying the added nutritional and environmental benefits of plant-based meat. Beyond Pork’s exclusive debut in China furthers Beyond Meat’s commitment to this important market and its vision for plant-based meat to continue winning the hearts (and mouths) of Chinese consumers.”

 

Minced pork is featured in many Chinese dishes, making China the perfect place for Beyond Pork to show off its potential. From dumplings and mapo tofu to zhajiang noodles and lion’s head meatballs, Beyond Pork delivers the meaty taste and texture that Chinese consumers crave but with about 50% less saturated and total fat[2]. Made from simple plant-based ingredients, like rice and soybeans, Beyond Pork offers a rich source of protein with 18.5g per 100g serving and has no antibiotics or hormones.

To celebrate the launch of Beyond Pork, Beyond Meat is partnering with five popular restaurants in Shanghai, one of China’s food capitals. The roster of partner restaurants features some of the hottest names in Shanghai’s food scene, including Egg, Moménti, RAC, Solo X, and Tun Wang. 

“I was very impressed the first time I tried Beyond Pork; I even thought the chef must have actually used traditional animal pork mince by mistake. I think our fans are going to be very impressed when they try it — I bet they won’t even be able to tell the difference either,” said Simon Briens, Co-Founder of RAC restaurant.

Chefs from the five restaurants all joined a special VIP launch event on 17 November to unveil their dishes at the TX Huaihai Mall in Shanghai. Each chef was tasked with using Beyond Pork as they would animal-based minced pork, and their dishes ranged from RAC’s Beyond Pork Spicy Bolognaise to Tun Wang’s Beyond Pork and Shiitake Wonton Noodles. By working with five outstanding restaurants at the same time, Beyond Meat can showcase the wide variety of dishes that Beyond Pork can be used in with delicious results each time. Consumers in Shanghai will be able to enjoy the Beyond Pork special menu items in each of the five restaurants for a limited time (18 to 24 November). Follow Beyond Meat on Weibo or WeChat for the latest news and updates for Beyond Pork and other exciting happenings.

 

 



[2] Compared to common 70/30 minced pork; Per 100g serving Beyond Pork has 15g total fat and 5g saturated fat

About Beyond Meat

Beyond Meat, Inc. (NASDAQ: BYND) is a global protein company, offering a portfolio of revolutionary plant-based meats. Founded in 2009, Beyond Meat products are made from simple, plant-based ingredients and designed to have the same taste and texture as animal-based meat, while being better for people and the planet. Beyond Meat’s brand commitment, Eat What You Love™, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based meat, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. As of September 26, 2020, Beyond Meat had products available at approximately 122,000 retail and foodservice outlets in over 80 countries worldwide. Visit beyondmeatchina.com.cn, follow @别样肉客BeyondMeat on Sina Weibo, and scan the QR code below to follow us on WeChat.

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Forward Looking Statements

Certain statements in this release constitute “forward-looking statements.” These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. While Beyond Meat believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect actual results. There are many risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein including, most prominently, the risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 19, 2020, and the Company’s Quarterly Report on Form 10-Q for the quarter ended September 26, 2020 filed with the SEC on November 9, 2020, as well as other factors described from time to time in Beyond Meat’s filings with the SEC. Such forward-looking statements are made only as of the date of this release. Beyond Meat undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements.

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The 2020 Taiwan Open of Surfing starts in Taitung today – Surfs Up

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TAITUNG, TAIWAN – Media OutReach – 18 November 2020 – The 2020 Taiwan Open of Surfing is entering its 10th anniversary this year. The five-day competition will be held in Jinzun Harbor in Taitung County during 18-22 November. While most international surfing contests this year have been canceled or postponed until further notice due to the pandemic, Taiwan has excelled at beating COVID-19 with minimal disruption to daily life. Since the outbreak, Taitung’s status of zero coronavirus case contributes to Magistrate April Yao’s decision to proceed with this year’s Taiwan Open of Surfing as scheduled. The winning prize of 800,000 New Taiwan Dollar (about US$26,600) marks the highest accolade in Taiwan’s surfing competition history. With this, the event organizer hopes to boost publicity for the Taiwan Open of Surfing and continue to share this special event with the world. 

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The 2020 Taiwan Open of Surfing starts in Taitung today – Surfs Up

Taitung County bordering of the Pacific Ocean sets a slow pace for locals and visitors to enjoy its mild climate and fresh air. These factors along with consistent surf make Taitung the perfect location to hold a surfing competition. The Taitung County Government has collaborated with the World Surfing League (WSL) to host the Taiwan Open of Surfing in Jinzun since 2011. This international surfing competition has attracted over 30 different countries’ top competitors over the years. This year the contest will continue to cooperate with the WSL as they have agreed to provide remote support to ensure the event adheres to the strict WSL international tournament standards – from competition pre-planning, scoring, live broadcasting, etc. Once the world recovers from COVID-19, Taitung hopes to continue with the WSL to host this grand world-class surfing event long into the future.

 

The Taitung County Government has been actively promoting various ocean activities and events – such as beach cleanups, surfing lessons, marine life education, local hand-craft markets, kite surfing and windsurfing demonstrations, and many more ocean-themed activities to encourage the general public’s participation. All participants can experience first-hand Taitung’s unique allure and its picturesque surroundings. Official website: https://www.taiwanopenofsurfing.org/tw

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