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New Year

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By Daniel Dunaief

Daniel Dunaief

Here we are, poised on the precipice of 2024, or, if you’d prefer, at the bottom of the mountain, looking up at the year ahead.

What a privilege to start 2024 together, to share the same air, to enjoy or brace for the same weather, to root for or against the same teams and to revel in the miracle of our children, grandchildren, nieces, nephews and neighbors.

As we venture into the days, weeks and months ahead, we can all see certain patterns continuing because, let’s face it, we know the familiar playbook people use. I would love to figure out how to capitalize on some coming certainties. If, for example, we had a dime for every time the song “Jingle Bells” came on in department stores around the country in the last few weeks of each year, we’d have enough money to buy our own one-horse open sleigh and fill it with presents. With that in mind, I’d like to consider certainties or near certainties in various realms.

Political:

Let’s start with former president Donald Trump. A dime for every time he insulted someone could pay for an enjoyable and deluxe vacation to Europe or, if you prefer, a week or more at a Disney resort.

A dime for each time he uttered the words “rigged,” “witch hunt,” or “socialist,” would also net some nice cash.

Collecting money when he referred to himself in the third person, as in “only Donald Trump can fix that” would also prove profitable.

President Biden, of course, has his go-to approaches and idiosyncrasies as well. Collecting money when he misspoke or stepped in the wrong direction would turn gaffes into cash.

Or, perhaps, adding money each time he became angry or annoyed with someone would also provide considerably more change than the typical back of the couch.

Collecting cash each day that goes by without the president taking questions from the Press Corps or reacting to unscripted moments would also build wealth.

A dime for each time Chris Christie insults Trump would help build a college fund.

Oh, and some change for each time Jim Jordan (R-OH) takes off his coat, MTG scowls, Ron DeSantis uses the word “woke” or attacks Disney, AOC insults NYC, or Nikki Haley smiles when she’s insulted would also make real money.

Sports:

Ah, yes, the world of sports not only is filled with cliches, but also has predictable patterns.

Fans and sports talk radio hosts always know better. Monday morning quarterbacking has become something between a religion and a profession.

The next day, everyone else always claims to have known exactly when to take a pitcher out of a ballgame, when to run the ball and when to take a time out. 

The pundits on the sidelines always know better about the Big Game than the people who are paid to make the decisions.

And, of course, with the Olympics coming in Paris this year, we can anticipate the back stories about athletes who are competing in memory of a cherished dead relative who inspired them. If we the viewers had a dime for every tear shed during these serious and melodramatic moments, we’d be able to afford the plane ticket to Paris to watch the Games in person.

I’m not minimizing the inspiration these athletes take from their relatives, coaches and friends. I’m reflecting on the types of stories, with their sad, moving slow guitar background music, these networks share, combining loss and grief with determination and the quest for glory.

Random but predictable moments:

As a coach for many teams, I am sure parents throughout the country are convinced that their children are being short changed. A dime for each parent complaint could provide a down payment for a new field.

I’d also like to collect money each time someone who talks all the time “breaks their silence” on something. It’s amusing when headline writers suggest that, say, Britney Spears or one of the Kardashians breaks their silence on anything. I thought these non-stop celebrities shared every thought in their heads. Ah yes, a dime for each deep internal secret of people who would do well to be more discrete would also build wealth.

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By Michael E. Russell

Michael E. Russell

Happy New Year to all! At the very least, we can say that we are off to a rousing start. The Dow Jones Industrial Average rose a phenomenal 700+ points this past Friday. Not bad; another 7000 points and most of us will be even. 

My wife states that I always look at the glass as half empty. Somewhat true, but as I write this article, it is Happy Hour; consequently my glass is half empty!

There are so many things to write about. Where to start? Oh yeah, how about our new Congress Person representing New York’s 3rd congressional district. Brought to you by Saturday Night Live, Mr. George, you can’t make it up, Santos. Let me think about his credentials. Baruch College, NOPE. Worked at Citibank, NOPE. Worked at Goldman Sachs, NOPE. Jewish, NOPE. Jew-ish — that’s correct! 

Why do I write about this clown? [I don’t want to offend clowns, sorry]. I write about him because I hope they put him on the Congressional Finance Oversight Committee. A person that claimed he earned $6500 in 2020 was able to donate $175,000 to the Nassau Republican Committee in 2021 and lend his own campaign committee $750,000 in the same year. The man is a genius! How do you do that? I hope to be able to interview him for the next article. Boy oh boy, what we could learn. Alright, enough on this topic. UGH!

Starting with the bad news, it appears that Bed Bath & Beyond will have to close all of its stores — ran out of cash. They were never able to recover after the pandemic.

Sorry to digress, but speaking of clowns, it seems that Party City is also going into bankruptcy. So much for the song, “Send in the Clowns.” I really couldn’t help it!

Tesla is having its share of problems. It is cutting the cost of cars to be sold in China by 30%. Hey, what about us? Elon Musk appears to have become distracted by his purchase of Twitter. He needs to hire a new CEO for Twitter to show investors that he is refocused on Tesla. 

Growth stocks lost their luster in 2022. The Russell 1000 Growth Index fell by 30% versus a 10% decline in the Russell Value Index. This was the widest gap in many years. It appears that high interest will be with us for a quite a while since Treasury yields are the highest in 20 years, thus giving us somewhat of “risk free” returns for the short term. This makes growth stocks less attractive for the present due to falling multiples. Even though the Value Index fared better, an investor should still look at only the companies that have strong balance sheets, thus weathering this awful inflation period we are in.

Companies that looked like they would grow forever made some terrible decisions. Prior to the year 2020, Amazon doubled its staff to more than 1.5 million. Alphabet [Google] increased its staff more than double to 180,000!

What do we do? The 60/40 portfolio model looks much better today than it did 12 months ago. Bond yields are much higher and stock prices are much lower. Bear in mind however, despite falling more than 20% in 2022, the S&P 500 is still trading around 17 times earnings, nearing its historical average.

Please be aware that tomorrow, Friday, brings the start of fourth quarter earnings season, with some of America’s giants — Bank of America [BAC], United Health Group [UNH], JPMorgan Chase [JPM], and Delta Airlines [DAL] — reporting results. The consensus is that several S&P 500 companies are to report fourth quarter losses for the first time in quite a while.

Even though there are more electric vehicles on the road, our giant oil companies have seen their stock prices close to double. Check out my favorite, Exxon Mobil [XOM] — $62 in January 2022, closed Dec. 31 at $110. Make sure you fill up this week!

Once again, wishing all a healthy and prosperous 2023.

Michael E. Russell retired after 40 years working for various Wall Street firms. All recommendations being made here are not guaranteed and may incur a loss of principal. The opinions and investment recommendations expressed in the column are the author’s own. TBR News Media does not endorse any specific investment advice and urges investors to consult with their financial advisor. 

By Leah S. Dunaief

Leah Dunaief

As the year draws to a close, I think of the Chinese curse, “May you live in interesting times.” That would seem an apt description of the times we are living through today. Why do I say that? Let me count the ways.

For one, we have been tricked by the coronavirus. As spring faded into summer this year, we thought the pandemic was ebbing. We gathered in groups again, even without masks, visited relatives, returned to restaurants, went on vacations. Surprise! By the end of October, the virus started making itself felt again, by November, it was led by the new variant, Omicron, and now it commands the front page of newspapers and the top of the network and cable newscasts.

Yes, we have made impressive progress with vaccines and precautions, but society is still in the grip of the disease, still with some 30 percent of the population unvaccinated, still with those refusing to don masks, and now lined up not for inoculating but for testing. Testing and boosters are the new battle cry. Just as our grandparents, who were living through it, didn’t know when WWII would end, so we who are at war with the virus don’t know when the pandemic will fade into just another annoying wintertime contagion.

For another unprecedented way in recent memory that times are interesting, we have a country so divided and vehemently at odds that neighbors, friends and family members are afraid to talk politics with each other. It is such a contrast with the 9/11 era, when we all held doors open for each other, flew the American flag together and identified as one nation. “Democracy is at risk” is the new battle cry. And the threat of political violence and random shootings simmers just beneath the surface.

Meanwhile, worthy issues involving any sort of social safety net and how to provide money for them, like pre-school education and acceptable child care enabling parents to work, lie undebated in a symbolically divided Congress. It’s no wonder that the national birthrate for this past year is the lowest since 1979. That’s not just due to the pandemic but has been a trend for the last six years.

Climate change is another subject that has driven itself to top of mind this past year. Fires, the likes of which never before seen, also floods, tornadoes and melting ice caps have changed the face of the nation and have killed many residents.

And then there is racism, the shadow that has always loomed over the United States since its inception and has burst forth to claim attention across the country, spawning marches and protests. Is it better for bigotry to come out of the woodwork and be viewed in all its aspects in the clear light of day? Perhaps that is a necessary step for it to be ultimately eradicated. Until then, the atmosphere is bitter with recriminations.

There are some bright spots. Although the possibility of spiraling inflation has lately been a concern, unemployment is decidedly low and the economy has been growing. So has the stock market, while not the economy, is nonetheless a telltale of how their financial standing is perceived by residents. Stimulative monetary policy on the part of the Federal Reserve and equally generous fiscal action by the administrations of both presidents and Congress have kept civil unrest at bay. Savings rates are at a high. And the kinks in the supply chain, although most apparent now with the gift-giving demands of the holidays, will eventually be straightened out.

Furthermore, Dec. 21 is one of my favorite days because it brings with it the longest night of the year. After that, each day has a bit more light. So I hope for whatever darkness we are presently living through to lift, and I am optimistic that it will.

Until the new year, wishing you all healthy holidays filled with devotion and love.

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Here are a couple of things to think about in this new year. First, it is the Chinese Year of the Dog. Each year is related to a zodiac animal within a 12-year cycle, and the Dog is in the 11th position, after the Rooster and before the Pig. Other Dog years include births in 1934, 1946, 1958, 1970, 1982, 1994 and so on. You get the pattern. If you are a Dog, you are undoubtedly loyal, honest, kind, amiable and sincere, although you’re probably not all that good at communications. As a result, sometimes you are perceived as stubborn. However, you make up for that by always being ready to help others.

Enough of that and on to the latest law for Suffolk County. As you have probably experienced by now, wherever you might be shopping and inclined to make a purchase, you will have to add 5 cents to the total if you want a bag. Two bags: 10 cents. Again, you get the pattern. That means if you are shopping in a supermarket or a hardware store or Macy’s, you will need to pay for each bag. We have, however, been trained for such a situation by Costco. For years, those who shop in their warehouse-like stores have carried purchases out to their cars in shopping carts and then loaded the contents into their trunks, one item at a time. Costco has never provided bags, although it has been known to offer boxes when available. The smart ones among us carry cloth bags into the store in advance so we can load cars more efficiently at the end, and I suppose that is what the rest of us will learn to do if we don’t buy the bags. Although the charge is only a nickel, it is irksome because the nickels don’t go toward funding an environmental cause but revert to the store.

So expect to see people crossing parking lots with the items they have just purchased in their hands. While the perennially curious among us will be fascinated to check out what people buy, the instinct to bag a purchase to prove it was paid for rather than whipped off the shelf and out the door will make some of us uneasy. Best to invest in some large and solid cloth bags, which are what they bring to stores in Europe and elsewhere. And by the way, this should be a great help for our local waterways and wildlife since so many plastic bags have caused harm. So BYOB, or “bring your own bag,” and know that you are helping a fish.

On to another topic to consider in 2018. Private schools and universities are going to take a beating from the loss of international students. Total tuition from those students, who generally pay more, will decline as a result of more restrictive immigration policies for those wishing to come to study here. Visa applications are being more carefully scrutinized and foreign students are finding it harder to stay in the United States after graduation. There had been a huge increase in foreign students here, supplying $39 billion in revenue to the U.S. economy last year, but now schools in Canada, Australia, the United Kingdom and other English-speaking countries are attracting some of those dollars. The decline in new students nationwide was some 7 percent just this past fall.

That means colleges will have to cut offerings and American-educated grad students who may want to settle here will be lost to the nation. It also means colleges will not be able to help low-income students as much with tuition aid. Diversity is also affected. Enrollment is already falling from China and India, the two biggest sources of students from abroad. Of course this is not only a national issue but also a local one: Stony Brook University is here. Long Island has numerous schools, and with fewer students less money will be spent locally.

Meanwhile enjoy the weather. Let’s celebrate the thaw.

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Feels odd to write 2018, doesn’t it? No more Christmas celebrations, no more vacation days, no more New Year’s parties, we’re back to the real world. And what a real world it is. The North Koreans have a button. We have a bigger button that works. Meanwhile both leaders have strange haircuts. Primarily young people are rioting throughout Iran as the rulers threaten a violent crackdown. The Palestinians don’t want to hear from the president of the United States as a result of his stand on Jerusalem, yet even as they protest they are willing to continue receiving U.S. aid dollars. The war in Afghanistan, our longest war, slogs on, with no end in sight. Brutality, death, starvation and proxy wars rage throughout the Middle East and northern Africa.

By contrast, here in America, more people line up to sue Harvey Weinstein for sexual harassment or worse each day. Icons fall, Democrats and Republicans squabble, Republicans and Republicans squabble, governors and accountants strategize how to navigate the new tax laws, and we in Suffolk County are warned to hunker down in the face of a fierce and imminent nor’easter bringing tons of snow.

Enough already! Here’s what I say to all of that. Let’s focus on the things we have some hope of controlling and stand by to help with the rest. What do we actually control? We can start with ourselves.

On the threshold of this new year, we can pay more attention to our health. Everyone quite rightly wishes friends and family “a healthy and happy New Year.” Good things start with good health. Wishing won’t make it happen. Action will.

Most important, to me, along with lots of health professionals, is enough sleep of good quality. This strengthens the immune system, cognitive function and minimizes wrinkles — well, the first two anyway. Yet despite the research and repeated urgings in the media, data reveals that most Americans are sleep deprived. With so much to do each day, it is too easy to cut down sleep time. That might work for a day or two, but research shows that it is not possible to make up for lost hours in the long term. So don’t use your computer just before you go to bed, don’t even watch TV. Something about the light from those home essentials interferes with the urge to sleep.

Try to go to bed more or less the same time each night and wake up the same time each morning. Habit is a great helper. And if you tend to wake up in the middle of the night with the many chores you have for the next day ping-ponging around inside your head, put the bedside light on, make a to-do list with a pencil on a pad you have ready next to your bed, then turn off the light, and having discharged your memory, you can fall back to sleep until morning.

Another good thing to do is to eat foods with lots of fiber. “A diet of fiber-rich foods, such as fruits and vegetables, reduces the risk of developing diabetes, heart disease and arthritis. Indeed, the evidence for fiber’s benefits extends beyond any particular ailment,” according to a recent science article by Carl Zimmer in The New York Times. 

People who eat more fiber simply have lower odds of dying. Somehow fiber is able to reduce inflammation in the body. Long-term inflammation can cause harm, although short-term inflammation does fight infection. How fiber works is a bit of a mystery because it is not directly digestible. There is a connection between fiber and the billions of bacteria that live in our guts. In essence, we feed our microbes fiber to enable them to strengthen our immune systems. Take it on faith and don’t ask me more.

One issue that is, of course, most distressing to me is that of fake news. Be assured, please, that whatever you might read in out hometown papers and on our well-read website, is fact and as true as we know it to be. If we err, we will correct.

Let’s keep in mind the old Chinese curse: May you live in interesting times. It may be a negative for some, but for journalists, it provides jobs.

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Here we are, in a new year, and I am going to start off with a cautionary tale. I was just about to take a shower when I felt a small bump on my left thigh. I thought that was strange since I hadn’t before felt anything there but it was just beyond my view as I fingered the spot and craned my neck to try and see. Then, to my amazement, the bump came off in my hand, revealing itself to be a tick. Ugh!

The legs were moving so it was clearly alive and rather large, so I guessed it was a dog tick. With wonderful coincidence, I happened to have an appointment with the dermatologist that afternoon, so I put the tick into a little plastic baggie and brought him this present. Although I half expected him to just throw it away, he in fact filled out the paperwork and sent it to a lab.

Now I am sharing this with you because I suspect that, like me, you thought tick season had ended with the start of winter. I even stopped putting Frontline on my golden retriever, figuring any ticks would have gone into hibernation or been killed off by the colder weather. But I should have realized that the calendar and the weather aren’t always in sync. We have been enjoying fairly mild temperatures for this time of year and, as it turned out, so have the ticks.

Now I don’t know if the tick fancied me rather than my dog, or if he just found me as I was walking across the lawn or brushing against a bush while putting out the garbage. However it happened, I was, so to speak, stuck with him until that lucky moment when my fingers brushed against his body. Anyway, I got a call from the doctor four days later with the surprising news that despite its large size, the critter was an engorged deer tick.

Not good. We all know that deer ticks can carry Lyme disease and transmit it to humans when they suck up to you. We have had several deer sightings in the neighborhood, especially around a wooded piece of property nearby. To me they are beautiful, graceful animals, and I watch them with admiration as they run. But I certainly don’t appreciate the bugs they can bring and leave behind as a souvenir of their visits.

The doctor asked me if I preferred waiting for the blood test, six weeks away, to determine if in fact I had been infected or if I wanted to go on the antibiotic regime immediately. I chose the latter and began taking 100 mg of doxycycline, with lots of water but no food as seriously instructed, every 12 hours. But the story doesn’t end there.

After only two pills, I developed a headache that just wouldn’t quit. This is apparently a not uncommon side effect with this medicine. So I was then transferred to 500 mg of amoxicillin three times a day for at least 20 days and advised also to take a daily probiotic, though not within two to three hours of each other, and to eat lots of yogurt. As we know, that only partially works to offset the distress to the gastrointestinal tract that accompanies regular doses of antibiotics. Plus I have broken out in splotches of itchy rashes, another unhappy side effect.

Bottom line: A tick bite can be a nasty thing, bringing along all sorts of minor and even major miseries. So from my experience, I hope you will check your skin regularly, even hard to see places, and not assume that a tick is just another summer pest.

Oh, by the way, Happy New Year!

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By Lisa Steuer

When the holidays are finally over and January rolls around once again, it’s a time that can be overwhelming for many people. Most likely, the holidays were filled with indulgences, a lack of exercise, pounds gained and more. Plus, a new year inspires many people to make resolutions. But all too often, those resolutions are forgotten by February.

The good news is that if you really want to make a change this year, you do possess the tools to do so — no matter what your goal may be. Adam Gonzalez, Ph.D., is the founding director of the Mind-Body Clinical Research Center and assistant professor in the psychiatry department at Stony Brook University School of Medicine. In his role as a clinical psychologist, Gonzalez provides clinical services to the community and to patients at the hospital, with a focus on a holistic way of providing care to heal the mind and body. Gonzalez and his colleagues have conducted research to support the mind-body connection and help people work on stress management skills, improve their health and set and meet behavioral goals.

So exactly why is it so difficult for so many people to actually stick to their New Year’s resolutions and make a big change? Gonzalez pointed out three main reasons: setting unrealistic goals, getting distracted or losing focus, and finally, not knowing where to start. If you want to make a big change in your life, a good way to begin is to monitor your current behavior, notice where the behavior is occurring, your thoughts and beliefs about the behavior, as well as some of the thoughts you are having while the behavior is occurring, said Gonzalez.

“If I start thinking, ‘I’m a failure, I’ll never make this change, I can’t keep up with this,’ I’m likely not to keep up with it.” — Adam Gonzalez, Ph.D.

“All of our thoughts, behaviors and emotions interact, so if you work on your thinking style or work on managing behaviors, that can affect emotions and also the behavioral outcomes,” said Gonzalez.

For instance, if someone wants to make changes in their sleep, Gonzalez would have them monitor how much sleep they are currently getting, what their current bed time is, what time they wake up, etc. If a person wants to make changes to their eating habits, that person might want to think about who these behaviors are occurring with ­— who are the friends he or she is going out to eat with and where, and think about whether anyone else is helping to drive that behavior.

“You want to get supportive people around you who actually can be there to help foster the behavior change that you’re looking for,” said Gonzalez. “If the people that are around you aren’t supportive, I would suggest addressing it head on: letting the individuals know what, specifically, you need from them, whether it’s something you need them to do or not do.”

One pitfall that many people fall into when trying to make a change is getting discouraged when a lapse in the behavior change occurs — examples include slipping on your diet, having a cigarette if you’re trying to quit, etc.

“The way you interpret the hiccup or lapse will have a profound effect on your next step. So don’t get discouraged or beat yourself up too hard when you have a lapse in the behavior that you’re trying to change,” said Gonzalez.

Another instance where many people get discouraged is when they make a goal to get to the gym a certain amount of times a week and then fail to meet that goal one week, Gonzalez noted.

“If I start thinking, ‘I’m a failure, I’ll never make this change, I can’t keep up with this,’ I’m likely not to keep up with it,” said Gonzalez. “First is recognizing it for what it is — that you missed two days this week and next week you’re going to be going to the gym the four days you wanted … or, it’s re-evaluating the goal and your plans. Maybe four times a week … [with] your schedule is a little too intense. So maybe it’s scaling back your goals and making it something that’s more attainable.”

And once you reach your goal, how do you stay motivated? Many people, after losing weight for instance, may find it difficult to stay on the path and instead go back to old habits.

juggling-w“It’s important to consistently remind yourself of why the goal is important,” said Gonzalez. “So it’s building up motivation in your mind, and sometimes we will recommend that people put Post-its around that might have motivational statements on it or something that’s very personal or relevant to them to remind them of why this goal is important.”

 

SMART goal-setting

Gonzalez shared the SMART goal-setting technique, which is used in programs at Stony Brook’s Mind-Body Clinical Research Center:

Specific: Make sure your goals are straightforward, specific, and emphasize what you want to happen. “So you don’t want to just say, ‘I want to lose weight.’ It’s good to be specific and say, ‘I want to lose 10 pounds,’” said Gonzalez.

Measurable: Make a goal that you can make measurable progress on so that you can see the change occurring, and set time frames so that you can see if you’re reaching your goal or not.

Attainable: Identify goals that are most important to you and aren’t too far out of reach. “Losing 50 pounds in three months is probably a stretch, so you want to make sure it’s something attainable,” said Gonzalez.

Relevant: The goal should be something that you’re really willing to put effort in and work toward.

Time-based: Setting a time frame can be very helpful in achieving goals. Plus, setting long- and short-term goals can help you achieve them. For instance, set a short-term goal of losing five pounds. Once you meet that goal, it can motivate you to keep making progress toward a larger weight-loss goal.

Danielle Stenzel and David Delligatti Jr. welcome Jaxon Abel Delligatti at St. Charles Hospital. Photo from the hospital

Danielle Stenzel and David Delligatti Jr. rang in the new year with a bundle of joy when the mama delivered baby boy Jaxon Abel Delligatti at 6:20 a.m. on Jan. 1, the first baby born at St. Charles Hospital in 2016.

The Port Jefferson hospital presented Stenzel and Delligatti with a gift basket to celebrate the birth.

The couple is from Lake Grove and they are first-time parents.