A leak surfaced that Blackstone Realty Investment Trust, Inc. will be selling the Cosmopolitan in Las Vegas by the end of 2021. If true, this would make the 19th casino that has closed or sold since 2017. Other casinos that sold or closed since 2017 are:
Next month will be the 20 year anniversary of the 9/11 attacks on the World Trade Center in New York City. More than 3,000 died that day. If you were alive during 9/11, it is important for you to visit the 9/11 memorial in your lifetime to get closure. Since 9/11, the whole world has been slowly getting more depressed. We can change that this year.
Jedi Joy I was getting in conversation with somebody about nutrition. She was explaining that she discovered that sugar and caffeine causes cancer.
Jamie Spears will step down as Britney Spears conservator. He is stepping down without admitting any fault or wrong doing. He will hand over the conservatorship to Jodie Montgomery. Britney's new attorney is Mathew Rosengart. Mr. Rosengart will appoint Jason Rubin to handle Britney's finances.
Jamie stepped down because in order to fight the case, he would have to prove to a judge how crazy Britney really is. That would destroy Britney's public image. Instead, he agreed to hand over the reigns. But Britney is not free of a conservatorship. The conservatorship will be headed up by Jodi Montgomery. She will also handle her medical evaluations.
Britney is not in the right state of mind to have a child.
Britney wanted to end the conservatorship without being evaluated. She already lost custody of her first 2 children in 2007 because she was deemed unfit to be a mother. That's how this whole conservatorship thing started. It was revealed between 2004 and 2008 that Britney was mentally unstable and most likely schizophrenic. She spontaneously married her high school boyfriend in Las Vegas. Then, she married a backup dancer. They had two kids then got divorced. She lost custody of those kids. Now, she wants to have another baby with a 27-year old playboy? Any sane person should be able to see that Britney is not in the right state of mind to have a child. She is being manipulated
Britney’s attorney, Matthew Rosengart, who was appointed to her case last month, filed a petition asking the court to remove Jamie as conservator and replace him with Jason Rubin, a professional accountant. The court is expected to decide at a hearing next month.
The Jedi are always on the hunt for the best 100% grass fed beef, weed and mineral water we can find. Buying beef is a daily function of the Jedi. We do not have a freezer. Everyday is another adventure where we must buy the beef we need for the next 24 hours.
The Original Ottomanelli Bros. Butcher was established in 1900. This family knows beef. And they know New York. We met the CEO, Nick Ottomanelli. He gave us a tour of the office and told us the history of how the butcher shop came to America.
The implications of this purchase are significant.
The Governor of New York resigned today amid a sex scandal that didn’t have any sex. The man touched a woman on the shoulder. He maybe touched a breast that was in a bra. After 40 years, that’s not bad. That’s exceptional. The guy had the ultimate power in the Empire State and the only thing they could find is some touching?
Society has become so anti sex that the slightest mention of anything sexual will sound the alarm. This is a result of women becoming too fat. Women lead the nation in obesity. Four out of five women over the age of 20 are overweight or obese. Women do not feel sexual when they feel fat. They do not want to get naked. And they certainly do not want anyone touching them.
The solution? At some point, women (and men) need to start losing weight. We cannot go much higher than 80% of the nation being fatsos.
Today we learned a new word:
1) misbehavior in an office or employment, as by fraud, breach of trust, extortion, etc.
2) Evil conduct; fraudulent practices; misbehavior, corruption, or extortion in office
Or 3) holding an executive assistant’s hand.
Las Vegas home prices have been steadily increasing since the crash real estate of 2008. Las Vegas has been moving at a feverish pace since 2010. Vegas was booming in 2013. EDM was mainstream.
Taylor Swift was dating Calvin Harris in 2014. Calvin Harris had a residency at MGM Grand, then at Omnia. David Guetta and Zedd were resident DJs at XS. XS was the worlds number one grossing night club, or so they claim.
In fact, 6 out of the top 10 nightclubs were in Las Vegas in 2015. Las Vegas exceeded a population of 2 million, mostly conservative transplants from California. They were excited to get a Dave & Busters.
Then, it seemed like the leaders of Las Vegas said, "hey we had better strike while the iron is hot. We better sell, sell, sell before the next crash."
They quickly built the Park MGM, the T-Mobile Arena, the Allegiant Stadium, brought in 3 professional sports teams, a minor league soccer team, 2 brand new casinos and a several of casino makeovers all within 3 years.
Then the concert shootings began. Ariana Grande, Route 91, and the Orlando nightclub to name a few. But nothing, not even the World's largest mass shooting in history at the Manadaly Bay in Las Vegas, would stop the construction schedule. Not even a global pandemic would shut it down -- they continued to build the stadium and the resorts world during the 3 months shutdown. Over 60 cases of the COVID virus were reported at Allegiant Stadium.
Las Vegas home prices were $405,000 last month. I’m hearing people are offering “all-cash” deals. I’m also speculating that the recent home buying craze in Nevada is a result of higher taxes in California. There is no income tax in Nevada. Property taxes are also quite favorable compared to California. What many Californians are doing is buying a second home as a tax shelter. The income tax savings for a four person family moving from California to Nevada would easily justify a $400,000 investment. But what I’m hearing is a lot of people are buying houses in Nevada but they stay in their home in California.
Work from home has created a tax loophole
The work from home movement has given a tax loop hole for Californians tired of paying high taxes. Buyers can purchase a second home in Nevada and work from their primary home in California. Wherever you tell the IRS to send your tax refund is where you can declare the income taxes from that State. For example, a person works in San Francisco. They live in Oakland. Therefore, they must pay California state income tax. Then they buy a second home in Nevada. They claim they claim they live in Nevada while working “from home” in San Francisco. Furthermore, the IRS thinks they live in Nevada when they are really in San Francisco. Unless an IRS agent follows them around for a year, I’m not sure how they could prove the person does not live in Nevada.
If Las Vegas' economy is as strong as the media says, then why did MGM and the LV Sands dump their most valuable properties?
In 2018 the Hard Rock sold. 2019 MGM Grand, Circus Circus, Mandalay Bay and the Bellagio sold. 2021 Las Vegas Sands, the Palazzo and the Venetian sold. 2021 New York, New York, Luxor, Excalibur, the Mirage, the Aria, the Vdara, and a bunch of other casinos.
As a side note, I have been following Las Vegas stocks for the past 30 years. Every 10 years there is a crash. This is most likely due to over speculation. When the sellers bring the buyers to invest, Las Vegas rolls out the red carpet. I feel that the leadership of Nevada is to blame for constantly overselling Las Vegas. I'm not political, but Steve Sisolak was a novelty cup salesman from Wisconsin before he started running for public office in Nevada. He sold the Raiders on Vegas. He sold the public on a .88% tax hike. The tax would be passed onto tourists staying at hotels anywhere in Las Vegas. It's very easy to get bamboozled in Las Vegas.
Las Vegas will never be back to the glory days of Hangover and Ocean's 11 because everyone in Las Vegas has either sold out, moved out or died. MGM has sold their Las Vegas properties to VICI Properties INC. VICI Properties, INC. is a spin off from the now bankrupt Caesars Entertainment Corp. VICI touts themselves as "an experiential real estate investment trust (REIT) that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
By mid-2022, VICI Properties INC will own (property only)
VICI will be the landlord. They rent the casino space and hotel rooms to outside parties. This is what you call a "no value added" layer of management.
Too many layers is why Vegas will never "be back'. The individuals who made the Las Vegas we all know and love are now gone. They have been replaced by corporations, pushed out or sold out. Steve Wynn is divested out of Las Vegas and Sheldon Adelson's family sold the Ventian one month after the man died. The new owners of Las Vegas would rather work with investors than deal with Las Vegas' new, low end, clientele.
From selling slots to stocks
Las Vegas main business was once luring unknowing consumers to gamble in Las Vegas. One owner would own a casino and everything in it. They owned the bar, the restaurant and the hotel. That's how they could afford to comp food, booze and rooms. They would even work with the airlines to subsidize flights. Vegas was for the people.
Today, the main business in Las Vegas is to lease the hotels, restaurant and bars to investors. That's another layer of management. Instead of the casino owner leasing space to a restaurant, now the casino owner is just another tenant, like the restaurants & bars. There's not a lot of wiggle room for comps or loosening the slots.
But what these investors do not know is the hospitality business is a tough business. Most restaurants do not last more than 3 years in Las Vegas. The owner of a property will sell some group on leasing a space. They will lease them the restaurant equipment too. The new group runs the business for about 6 months to 3 years, depending on the depth their capital, before finally going out of business. The landlord evicts the tenant and then, they do it all over again with another group in the same space with the same equipment.
What is an experiential REIT?
I do not claim to be a real estate expert, although, I've purchased, built and sold many commercial real estate projects. However, I cannot figure out what is an experiential REIT.
VICI is a New York City based real estate investment trust fund. They will emerge as Las Vegas' largest property owner after the $17.2 billion transaction between MGM and VICI closes. MGM has sold The Mirage, New York-New York, MGM Grand Las Vegas, Mandalay Bay, Excalibur, Luxor, Park MGM and The Park Las Vegas promenade, which includes land under T-Mobile Arena to VICI. Earlier this year, VICI and the Apollo Group partnered to acquire the Las Vegas Sands which owned the Venetian and the Palazzo. VICI also owns the Caesars Palace and Harrah's in Las Vegas.
Paramount Plus has a show called Big Brother on CBS that airs 3 nights a week at 8pm. That's a lot of prime time. A moderator on CBS ViacomCBS suspended the Jedi from commenting on live feeds because they said we violated their rules when we wrote that obesity causes cancer. The show is on prime time TV.
Health should be the priority for any primetime television show in 2021. CBS has contestants who are visibly obese competing in physical competitions. It's comical, but not really.
This is not surprising that they have obese contestants. 73% of Americans are obese or overweight and that was before the pandemic forced everyone to avoid the gyms. The military did not meet their recruitment numbers for the first time because the 18 years olds were too fat. They had to change the BMI requirement to make their numbers. Anyways, I digress.
Since 1970, obesity rates have nearly tripled. Between 1960 and 1970 obesity rates stopped increasing. when GMOs were introduced in the 1985, the obesity rates began to skyrocket. Today, people are eating impossible burgers for dinner. An impossible burger is a soy burger with sugar. We are feeding our children and adults food that causes cancer. Even more alarming, the prevalence of overweight and obesity in children and adolescents is on the rise, and youth are becoming overweight and obese at earlier ages. One out of six children and adolescents ages 2 to 19 are obese and one out of three are overweight or obese. (3) Early obesity not only increases the likelihood of adult obesity, (4) it also increases the risk of heart disease in adulthood, (5) as well as the prevalence of weight-related risk factors for cardiovascular disease such as high blood pressure, high cholesterol, and high blood sugar. (6–9). Additionally, recent studies have shown supporting evidence to suggest that the cause of cancer consuming too much sugar, drinking caffeine, obesity, and insulin resistance which are all related.
The United States has declared obesity a health epidemic every decade since 1990. Obesity rates were essentially stagnant at 15% between 1960 and 1980. People were doing drugs and having sex. Then, the Reagan era of "Just Say No" campaign began. They ramped up the "War on Drugs". As kids began to say "no" instead of "yes" to drugs, they became depressed. So, kids started saying "yes" to sugar. As a result, by 2018, 35% of children are overweight or obese. And that was before the global pandemic forced everyone to stay home for a year. The number is problably even higher today.
The more the government and doctors tell you to eat the four food groups, the more obese people have become.
The Jedi have argued that GMO'd corn crops are the lead contributing factor to the overweight epedemic in America. Over 82% of adults in America are fat or obese. That's not a good looking society. Not only does every grain in America contain GMOs, but they feed these GMO grains to livestock. Now, the chickens and cattle that are raised on grains are unhealthy to eat because the GMOs have made them obese. Eating obese chickens and cows will make you obese because they have too much fat interlaced in their muscles. The USDA calls this "marbling"; the Jedi call it excess fat. The USDA encourages more marbling. Marbling make the steak of more fat. More fat means more flavor. But too much fat will convert to glucose in your system, negating any benefits of an all protein diet.
New York Governor Cuomo asks private businesses to bring their workers back to their Manhattan offices by Labor Day
It's important for the New York economy that private businesses have their workers work in their Manhattan offices for the economy improve in New York.
LAS VEGAS: A fight erupted at the Circus Circus Saturday afternoon when someone yelled "Gun!". Gamblers at the Circus Circus casino were seen running for the lives. I use the word running lightly. It looked like they were having a 2-for-1 sale at the Resorts World buffet. Police were called and the situation turned out to be a false alarm.
According to LVMPD Capt. Dori Koren, "...our officers quickly responded & there was no actual person with a gun found." No violence, no gun, no victims.
Most would say jail is pretty shitty way to treat your weakest members of society.
But nonetheless, Las Vegas passed a law that makes it illegal to be homeless. First of all, being homeless is punishment for whatever financial mistakes they’ve made. Putting homeless people in a cage for being homeless is just plain cruel.
Meanwhile, New York City houses homeless people in hotels and condominiums on the Upper West Side.
Most would say the city government of New York takes care of New Yorkers as written the the poem at the base of the Statue of Liberty by Emma Lazarus, 1883:
"Keep, ancient lands, your storied pomp!" cries she
With silent lips. "Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"
And Hubert Humphrey, United States Vice President 1965-1969, said, “The moral test of any government is how that government treats those who are in the shadows of life; the sick, the needy and the handicapped.”
What would they say to Las Vegas leaders about how they treat their weakest members of their society?
Did you know it is illegal to consume marijuana in any hotel on the Las Vegas strip or anywhere in Nevada.
If you travel from out of state and buy weed in #Nevada then you cannot smoke it in any hotel, nor in public and you cannot bring it home with you across state lines. Public smoking of marijuana is prohibited but it’s perfectly legal to smoke cancer-causing, nicotine cigarettes anywhere on the Las Vegas strip, in casinos and even in some hotel rooms.
The hypocrisy of Nevada’s leadership should be obvious to the most casual observer: we need money so let’s legalize weed. But you cannot legally consume weed if you are staying at a hotel in Las Vegas. Hotel guests have complained that security guards are checking bags with dispensary logos and confiscating or evicting the guests.
The Jedi only eat organic ground beef, drink only mineral water and smoke the premium weed. It is essential that we have our supplies. Our bodies have become some lean that we can detect the slightest differences between grain fed and grass fed beef. We can distinguish 80% lean versus 90% lean and 93% lean. When we eat meat that is grain fed or too high in fat, we feel sluggish. We do not feel like making art. We feel like eating, watching T.V. and going to bed. That's how we lived when we were depressed. No need to recreate depression with bad meat.
The problem with USDA graded beef is simple: they do not grade the beef on health or nutrition. They grade beef on taste, flavor and tenderness. As a result, we as citizens of the United States have learned to judge meat based on the flavor, which is actually the amount of intramuscular fat laced within the lean meat. The more intramuscular fat, the higher grade from the UDSA. But more flavor means more fat. They will add back to filet mango because tenderloin does not have marbling. Be careful. Too much fat in the meat will take away the benefits of eating an all protein diet.
The beef grading system developed by the United States Department of Agriculture is a voluntary grading system based on the meat's maturity and level of fat marbling. These two factors are indicators of the beef’s tenderness. Beef that is given a higher grade is usually from younger cattle and has more fat marbling.
The USDA is only concerned about the flavor of beef, aka the marbling on the cut of meat. The USDA judges the meat based on how much or how little fat is layered within the lean meat. The white marbling interlaced in the lean red meat. is called intramuscular triglycerides, or intramuscular fat. Farmers found cows get more intramuscular fat when they fed them grains versus when they fed cows grass. The meat is more tender, juicer and flavorful because of the high fat content. Too much fat in meat take away its "keto diet" benefits. Excess fat gets converted to glucose. That's why they say use a ratio. Too much fat in the meat treats an imbalance.
Intramuscular fat is also found in humans who have insulin resistance. Insulin resistance is believed to be the cause of breast cancer, prostate cancer and colorectal cancer. You can avoid the eating too much fat by eating lean 90% lean organic grass fed beef instead of USDA prime rib eye.
Pino's Prime Meat Market
Grazin' Angus Farms
A boy leaped from the 8th story of the Vessel. He was pronounced dead about 2 and 1/2 hours ago at 1pm. This is the 4th suicide in the 2 years since the Vessel opened at the Hudson Yards.
The Jedi visited the Vessel on July 12, 2021. I wanted to take a long shot photo of Jedi Joy but every time security would come up and ask "where is the rest of my party?". You have to visit the Vessel located on 33rd and 10th Ave in pairs or more. You are not allowed to go to the exhibit by yourself.
The Governor reinstated the mask mandate as Las Vegas was named by the White House as a "Sustained Hotspot" for the COVID disease.
Marc Fleury was traded to the Chicago Blackhawks yesterday. He claims he heard it on Twitter and still has not heard anything from the Las Vegas Golden Knights.