Monday, February 26, 2024

Top stock on the calendar this week...

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Are you safe from Biden’s tax proposals?

Did you know that Joe Biden and his administration proposed a $4.7 trillion tax hike for this year........................................................................................................................................................................................................................

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Why crypto might actually have a huge year in 2024 (and 2025)

When crypto goes into a bull market mode................................................

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Dear Reader,

There are a lot of crypto skeptics out there.

And with good reason. The history of crypto (so far) has been filled with scammers, bs stories, and get-rich-quick schemes.

So I understand if you don't consider it true investing.

I don't either.

However, it's not lost on me that when crypto goes into a bull market mode... the gains go far beyond anything we see in stocks, bonds, gold, or any other asset class.

2021 is a good example.

That year, 68 of the 300 largest cryptocurrencies increased more than 1,000% in value.

By comparison, not one single stock in the S&P 500 went up 1,000% that year.

So there is truth to the idea that crypto can produce massive gains very quickly.

And something has come to my attention that makes me believe 2024 and 2025 will be years when crypto produces eye-popping gains once more.

What is it exactly?

In short, the "bitcoin halving."

For those who don't know, the Bitcoin halving is a moment when the creation of new bitcoins is cut in half.

And it's coming in April this year.

This will be the 4th time it happened.

And the previous three bitcoin halvings all led to massive bull runs in crypto over the 12-18 months that followed.

For example, the first Bitcoin halving happened on November 28, 2012.

Bitcoin at the time was $12.

But just over a year later, it was $1,046.

CLICK HERE

The second Bitcoin halving took place on July 9, 2016.

Bitcoin was $663... but peaked at nearly $20,000 18 months later.

CLICK HERE

The third halving was on May 11, 2020.

Bitcoin was around $8,500... but would be more than $64,000 around 18 months after.

CLICK HERE

Now, the Bitcoin halving is coming up once more...

And if history is any indicator, that means another 12-18 month window is opening where cryptocurrencies will roar higher.

So while I am a bit of a crypto skeptic myself, I think it's actually a good bet to put a small amount of money in specific cryptos that could go up massively in this short window.

Even a couple hundred bucks could be life-changing here.

Look at the story of Tommy and James, two nearly jobless brothers from New York.

CLICK HERE

They bought a tiny crypto named Shiba Inu after the last Bitcoin halving.

And turned just $200 into multi-millions.

I want to be clear.

Crypto is very risky.

But with an upside this big, it may be worth a small bet... especially with the bitcoin halving ahead.

If you're interested, one of the best crypto experts I know lays out how to play this situation right here.

I hope you give it a review because these moments don't happen often.

Sincerely,

Alex Moschina
Publisher, Manward Press



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A Triple-Digit Winner Every 12 Days

#1 Stock for each month in 2024 - for free

Would you fly on a Boeing 737 MAX?

Presented by Public Citizen: Delivered every Monday by 10 a.m., Weekly Transportation examines the latest news in transportation and infrastructure politics and policy.
Feb 26, 2024 View in browser
 
POLITICO's Weekly Transportation newsletter logo

By Oriana Pawlyk

Presented by Public Citizen

Quick Fix

— POLITICO spoke with a former senior manager on the 737 MAX program turned whistleblower — and this is what he has to say about the plane.

— Lawmakers are up against the clock to extend funding deadlines as they face the threat of a partial government shutdown by the end of the week, and have indicated the FAA will get another short-term patch.

— How would the electric vehicle push perform under a second Trump term?

IT’S MONDAY: You’re reading Morning Transportation, your Washington policy guide to everything that moves. You can reach Oriana and Tanya at opawlyk@politico.com and tsnyder@politico.com, respectively. Find us on the platform formerly known as Twitter @Oriana0214 and @TSnyderDC.

Yeah, I'm just sittin' out here watching airplanes/No, bye, bye, bye/I'm just sittin' out here watching airplanes/Baby bye bye, bye, bye, bye

A message from Public Citizen:

PRESIDENT BIDEN: PROTECTING THE AIR WE BREATHE STARTS WITH STRENGTHENING TRUCK POLLUTION STANDARDS NOW. Dirty diesel trucks spew soot and exhaust into communities across the U.S., polluting our air and leaving an outsized impact on the environment. President Biden can stand up to corporate trucking and oil lobbyists and protect every American from diesel pollution, especially some of the most vulnerable communities, by adopting strong clean truck standards. Support strong rules for dirty trucks now!

 
Driving the day

A WHISTLEBLOWER STAYS GROUNDED: Your MT host caught up recently with Ed Pierson, a former senior manager on the 737 MAX program turned whistleblower, for a candid talk about America’s premier planemaker Boeing, why he thinks the company keeps landing in hot water, and whether he’d fly on a 737 MAX. (The answer is no.)

He’s testified before Congress and informed investigations into how Boeing developed, and how the FAA oversaw, the 737 MAX program. Now, in a Q&A with POLITICO, Pierson says he still distrusts the 737 MAX even five years after he left Boeing’s 737 production line in Renton, Washington. 

“You have processes that are not being followed. Breakdowns in manufacturing. Employees being pushed,” Pierson told your MT host in an interview Feb. 1. “The Boeing Company is capable of building quality airplanes,” said Pierson, now the executive director for The Foundation for Aviation Safety. “I'm not saying that all Boeing planes are unsafe. Part of the problem is that people don’t know how to differentiate between the MAX and other planes."

“The problem is leadership, or lack thereof, and the pressure to get airplanes out the door is greater than doing the job right,” he said.

In a statement in response to the interview, Boeing said it’s made substantial changes to its organization following the two 737 MAX 8 crashes, including investing in more engineers, establishing a point person for employees to raise work-related concerns and increasing its aerospace and safety expertise on its board of directors. Read more in our Q&A with Pierson.

NEARING THE DEADLINES:  The days of the “laddered” continuing resolution — which set two different shutdown deadlines for separate parts of the government — are nearly numbered. Congress is back in session this week and lawmakers in both chambers are hoping to work through negotiations ASAP on a path forward. As MT readers know, the deadline that funds some agencies, including DOT, expires March 1, while other agencies — as well as the FAA’s current authorization — are up on March 8.

— Top lawmakers had hoped to unveil the text of a small spending package over the weekend, possibly alongside another short-term funding patch to buy more time for talks on fiscal 2024 bills, but ongoing policy disputes stifled that announcement, Caitlin Emma reports. Meanwhile, House GOP leaders over the weekend signaled they're considering another short-term measure for the FAA that would extend the agency's authorities until May 10.

 

SUBSCRIBE TO GLOBAL PLAYBOOK: Don’t miss out on POLITICO’s Global Playbook, the newsletter taking you inside pivotal discussions at the most influential gatherings in the world, including WEF in Davos, Milken Global in Beverly Hills, to UNGA in NYC and many more. Suzanne Lynch delivers the world's elite and influential moments directly to you. Stay in the global loop. SUBSCRIBE NOW.

 
 

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Aviation

‘SUPERFICIAL’ TRANSITION: The president of the Service Employees International Union sent a letter to Treasury Secretary Janet Yellen saying that the Energy Department’s Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation model, known as GREET, falls short of true decarbonizing efforts for the aviation sector, adding that without meaningful sustainability standards, “Black, Brown, and immigrant workers holding down service jobs at airports experience disproportionate harm from aviation emissions” among other underrepresented communities.

To recap: The Inflation Reduction Act created a new tax incentive for the sale and mixture of sustainable aviation fuel, and in December, the Treasury Department announced that it would by March 1 announce updates to the GREET model so that it can be used to qualify for the credit.

But those changes could instead reward “fuel pathways that fall well short of existing benchmarks for emissions reductions,” said SEIU’s international president Mary Kay Henry. “Airport workers and frontline airport communities would be the first to pay the price for this superficial transition, but they would not be alone,” Henry said. More here.

FUNDING (DIS)ORDER: A DOT IG audit released last week found that FAA didn’t scrutinize its processes as much as it should have when awarding grants from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The DOT IG said that given the expedited nature of the CARES program, in some cases, FAA “did not carefully review development grant applications before it distributed CARES Act funds over 20 percent of the time and did not always require sponsors to submit annual financial reports on time,” potentially squandering $106 million in funds “at risk for better use.”

 

A message from Public Citizen:

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Automobiles

A SECOND TRUMP TERM?: POLITICO’s roundup of how a second Trump term could dramatically shift various facets of government and policy also includes initiatives like electric vehicles — which Trump last month already touched on when he vowed to halt an upcoming EPA auto-pollution rule that underpins EV adoption.

Trump has ample aim and some practice: Automakers and suppliers are already throttling back some EV investment as demand for the battery-powered cars slows. And in 2019, the Trump administration revoked California’s power to enforce more stringent limits on vehicle carbon pollution — which Biden soon restored. Read more on what another potential Trump term means for EVs.

Shifting Gears

The Alliance for Automotive Innovation has named Sarah Puro as vice president of safety and technology policy. Puro comes from the National Transportation Safety Board where they served as a senior adviser to Chair Jennifer Homendy.

 

Don’t sleep on it. Get breaking New York policy from POLITICO Pro—the platform that never sleeps—and use our Legislative Tracker to see what’s on the Albany agenda. Learn more.

 
 
The Autobahn

— “United Airlines Joins American, JetBlue to Raise Checked Bag Fees.” Bloomberg.

— “Air Canada to cap fares, increase capacity to take on Lynx Air fliers.” Reuters.

— “Concerned parents are beginning to see progress on their push for healthier electric school buses.“ The Associated Press.

— “Justices debate arbitration exemption for transportation workers.” SCOTUSblog.

— “Car shoppers aren’t electrified by electric vehicles.” The Washington Post.

A message from Public Citizen:

CLEANER TRUCKS ARE A WIN-WIN-WIN. Cleaning up truck pollution will save lives. Toxic pollution from dirty trucks disproportionately harms low-income communities and communities of color, causing asthma, cancer, and heart disease.

Electric truck owners already save $200,000 over the truck’s lifetime compared to a diesel model and costs continue to fall. Plus, drivers are raving about electric trucks’ lack of fumes, smooth ride, and quick acceleration.

Heavy-duty trucks make up 4% of vehicles on the road but contribute 28% of transportation emissions. We need strong standards to curb this pollution.

It’s time for President Biden to stand up to industry lobbyists, stand up for frontline communities and protect the air we breathe. Join us in calling for Biden to finalize strong clean truck standards now!

 
 

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Tanya Snyder @tsnyderdc

 

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