Jul 212018
 
 July 21, 2018  Posted by at 9:22 am Finance Tagged with: , , , , , , , , , ,


Roy Lichtenstein Hopeless 1963

 

Ecuador President Arrives In UK; Assange’s Fate Hangs In The Balance (Cogan)
Be Prepared To Shake The Earth If Julian Assange Is Arrested (CJ)
One FBI Text Message In Russia Probe That Should Alarm Every American (Hill)
Anatomy of a Displacement-Projection Syndrome (Kunstler)
Trump ‘Ready’ To Put Tariffs On All $505 Billion Of Chinese Imports (CNBC)
EU Rips Up Theresa May’s Chequers Plan (Ind.)
May’s Brexit Proposals Died In Brussels In Eight Short Minutes (Ind.)
Australia’s Property Boom Is Well and Truly Over (MM)
US Loses Bid To End Children’s Climate Change Lawsuit (R.)
Judge Praises US Efforts In Reuniting Migrant Families (R.)

 

 

New UK Foreign minister says Assange faces ‘serious charges’. But “Under UK law any theoretical future bail charge would be a textbook minor charge (under three months). UK law defines “serious charge” one carrying over three years of imprisonment.”

Ecuador President Arrives In UK; Assange’s Fate Hangs In The Balance (Cogan)

Ecuador’s President Lenín Moreno arrives in London today, with his administration seeking to force WikiLeaks editor and Australian citizen Julian Assange out of the Ecuadorian embassy there, where he sought and was granted political asylum in 2012. If Assange leaves the embassy he will be imprisoned by Britain for breaching bail and almost certainly face an application to extradite him to the United States to stand trial on manufactured charges of espionage. On the Moreno government’s orders, the Ecuadorian embassy in London has deprived Assange of all external communication, and all visitors apart from his lawyers, since March 28.

After six years of confinement due to the British threat of immediate arrest if he sets foot outside the small building, Assange’s health has been seriously compromised. The deprivation of communication is a vindictive attempt to add immense psychological pressure on him to leave the embassy, as well as to silence him while lurid accusations permeate the American and international media that WikiLeaks was part of a nefarious Russian conspiracy to “interfere” in the 2016 US presidential election. Ahead of Moreno’s visit to London, his national secretary of political management, Paul Granda, asserted on July 19 that “there is no specific meeting planned on Assange.” The same day, acting Ecuadorian foreign minister, Andres Teran, claimed that Moreno’s government is “not in talks with the United States” over the WikiLeaks editor.

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The silence remains eery.

Be Prepared To Shake The Earth If Julian Assange Is Arrested (CJ)

“The above report that UK and Ecuador are preparing to turn Assange over to UK appears to be true,” commented journalist Glenn Greenwald on Simonyan’s statement. “Big question is whether the US will indict him and seek his extradition, the way Sessions and Pompeo vowed they would. Can’t wait to see how many fake press freedom defenders support that.” How many indeed? For all the viral, click-friendly wailing and rending of garments about Donald Trump’s “war on the press” because he says “fake news” and picks on Jim Acosta, does anyone expect the so-called free press to rush to the defense of a journalist who is being actively and aggressively persecuted with the full might of the western empire for publishing authentic documents about that very same empire?

We are about to find out if this is the part of the movie where the empire rips off the mask of freedom and democracy and reveals its true tyranny. Assange is a soft target, a controversial figure who has been on the receiving end of wildly successful smear campaigns marketed to every major political faction across the western world. He is the logical place to begin a crackdown on press freedoms and make a public example of what happens to those who shine the light of truth upon Big Brother. If we allow them to imprison Julian Assange for practicing journalism, that’s it. It’s over. We might as well all stop caring what happens to the world and sit on our hands while the oligarchs drive us to ecological disaster, nuclear annihilation or Orwellian dystopia.

If we, the many, don’t have the spine to stand up against the few and say “No, we get to find out facts about you bastards and use it to inform our worldview, you don’t get to criminalize that,” then we certainly don’t have the spine it will take to wrest control of this world away from the hands of sociopathic plutocrats and take our fate into our own hands. The arrest of Julian Assange would be the fork in the road. It would be where we collectively decide as a species whether we want to survive into the future, and if we deserve to.

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“A few minutes later Strzok texted his own handicap of the Russia evidence: “You and I both know the odds are nothing. If I thought it was likely, I’d be there no question. I hesitate in part because of my gut sense and concern there’s no big there there.

One FBI Text Message In Russia Probe That Should Alarm Every American (Hill)

Lisa Page and Peter Strzok, the reported FBI lovebirds, are the poster children for the next “Don’t Text and Investigate” public service ads airing soon at an FBI office near you. Their extraordinary texting affair on their government phones has given the FBI a black eye, laying bare a raw political bias brought into the workplace that agents are supposed to check at the door when they strap on their guns and badges. It is no longer in dispute that they held animus for Donald Trump, who was a subject of their Russia probe, or that they openly discussed using the powers of their office to “stop” Trump from becoming president. The only question is whether any official acts they took in the Russia collusion probe were driven by those sentiments.

The Justice Department’s inspector general is endeavoring to answer that question. For any American who wants an answer sooner, there are just five words, among the thousands of suggestive texts Page and Strzok exchanged, that you should read. That passage was transmitted on May 19, 2017. “There’s no big there there,” Strzok texted. The date of the text long has intrigued investigators: It is two days after Deputy Attorney General Rod Rosenstein named special counsel Robert Mueller to oversee an investigation into alleged collusion between Trump and the Russia campaign. Since the text was turned over to Congress, investigators wondered whether it referred to the evidence against the Trump campaign.

This month, they finally got the chance to ask. Strzok declined to say — but Page, during a closed-door interview with lawmakers, confirmed in the most pained and contorted way that the message in fact referred to the quality of the Russia case, according to multiple eyewitnesses. The admission is deeply consequential. It means Rosenstein unleashed the most awesome powers of a special counsel to investigate an allegation that the key FBI officials, driving the investigation for 10 months beforehand, did not think was “there.”

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The US meddles more than anyone else.

Anatomy of a Displacement-Projection Syndrome (Kunstler)

“For more than a decade, Russia has meddled in elections around the world, supported brutal dictators and invaded sovereign nations — all to the detriment of United States interests.” — The New York Times

The Resistance sure got a case of the vapors this week over Mr. Trump’s failure to throttle America’s arch-enemy, the murderous thug V. Putin of Russia, onstage in Helsinki, as any genuine Marvel Comix hero is expected to do when facing consummate evil. Instead, the Golden Golem of Greatness voiced some doubts about the veracity of our “intelligence community” — as the shape-shifting Moloch of black ops likes to call itself, as if it were a kindly service organization in Mr. Rogers neighborhood, collecting dimes for victims of childhood cancer. If I may be frank, the US Intel community looks like a much bigger threat to American life and values than anything Mr. Putin is doing, for instance his alleged “meddling” in US elections.

This word, meddling, absolutely pervades the captive Resistance news outlets these days. It has a thrilling vagueness about it, intimating all kinds of dark deeds without specifying anything, as consorting with Satan once did in our history. The reason: the only specific acts associated with this meddling include the disclosure of incriminating emails among the Democratic National Committee leadership, and a tiny gang of Facebook trolls making sport of profoundly idiotic and dysfunctional American electoral politics. The brief against Russia also contains vague accusations of “aggression.” It is hard to discern what is meant by that — though it apparently warms the heart of American war hawks and their paymasters in the warfare industries.

They allege that Russia “stole” Crimea from Ukraine. Consider: Crimea had been a province of Russia since the 1700s. Ukraine itself was a province of the USSR when Nikita Khrushchev put Crimea under Ukraine’s administrative control in 1956, a relationship which became obviously problematic after the breakup of the soviet mega-state in 1990 — and became even more of a problem when the US State Department and our CIA stage-managed a coup against the Russia-leaning Ukrainian president Viktor Yanukovych in 2014. Crimea is the site of Russia’s only warm water naval bases. Do you suppose that even an experience American CIA analyst might understand that Russia would under no circumstances give up those assets? Please, grow up.

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China will have to move.

Trump ‘Ready’ To Put Tariffs On All $505 Billion Of Chinese Imports (CNBC)

President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise. “I’m ready to go to 500,” the president told CNBC’s Joe Kernen in a “Squawk Box” interview aired Friday. The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared with the $129.9 billion the U.S. exported to China, according to Census Bureau data. Thus far in the burgeoning trade war, the U.S. has slapped tariffs on just $34 billion of Chinese products, which China met with retaliatory duties. By sheer dollar volume, the Chinese won’t be able to come close to the U.S. in a tit-for-tat battle.

Trump’s comments point to a willingness to push the envelope as far as the U.S. needs to get Chinese tariff concessions, along with a pledge to stop allegedly stealing American technology. “I’m not doing this for politics, I’m doing this to do the right thing for our country,” Trump said. “We have been ripped off by China for a long time.” Trump said the U.S. is “being taken advantage of” on a number of fronts, including trade and monetary policy. Yet he said he has not pushed the tariffs out of any ill will toward China. “I don’t want them to be scared. I want them to do well,” he said. “I really like President Xi a lot, but it was very unfair.”

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As we all knew they would.

EU Rips Up Theresa May’s Chequers Plan (Ind.)

Prospects for a Brexit deal have been dealt a severe blow after the European Union’s chief negotiator took apart Theresa May’s latest proposals – just hours after she ruled out further compromise on her side. Speaking in Brussels after a meeting with EU national ministers, Michel Barnier raised a wide variety of serious concerns about the Chequers white paper plan for customs control and single market regulation for goods. Mr Barnier said Ms May’s complicated proposal for customs would likely create huge amounts of new paperwork, warning: “Brexit cannot and will not justify additional bureaucracy.” The chief negotiator, who said he had told member states to prepare for a no-deal scenario, also raised concerns about the PM’s plan to keep the UK following a “common rulebook” of single market regulations for goods.

The intervention emphasises the deadlock between the two sides, with Tory eurosceptics not allowing the embattled prime minister much room for manoeuvre in Westminster in order to meet Mr Barnier’s concerns. The PM had hoped her white paper proposals would allow frictionless trade with the EU, but Mr Barnier said a plan to exclude UK services from following EU rules could give a “significant competitive advantage” to Britain and that agreeing to such a policy might not be in the EU’s own best interests. Mr Barnier also suggested it would be unreasonable to exempt some goods such as animal feed from having to follow the rules, as proposed by Ms May, stating: “We have a duty of care to protect consumers in the single market, and on which basis could we accept the free circulation of goods?”

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How will history look back on this incredible mess?

May’s Brexit Proposals Died In Brussels In Eight Short Minutes (Ind.)

The Brexit “negotiations” have always been best understood as the kind of negotiations that occur between a particularly irritating toddler and its wearied parent. So it came as a surprise to no one when on Friday morning Britain, having stood around doing not very much for two years, the car now almost fully loaded, finally decided that actually it did want to go to the toilet after all, it was met with a firm “no”. You will know, traditionally, what happens next in such matters. The Brexit journey will not smell nice for anyone, but it will be Britain that suffers the most.

That, via a speech in Belfast, just over two years on from the referendum and with six meaningful weeks of negotiating time left, Theresa May finally put some concrete proposals to the EU and Michel Barnier immediately came out of his office in Brussels to reject them is, of course, laughable. Not least as the proposals that have taken two years for her government to “agree” on have only been “agreed” in the sense that her brexit secretary and foreign secretary didn’t agree with them, and so left the government – from which point on the “agreement” has disintegrated in plain sight.

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Said it before: the Aussie houding bubble is so big it threatens the entire economy.

Australia’s Property Boom Is Well and Truly Over (MM)

House prices in Australian capital cities have been booming for the better half of the last two decades. With our capital cities expanding at lightning rates thanks to international and state migration, it seemed like the boom would never end. The extent of our booming economy has been so incredible, it has become the norm for us in Australia. Australians aren’t really conditioned to expect stock market or real estate falls or depressions. But like all things, what goes up must come down. As reported by The Sydney Morning Herald earlier this week: ‘Only half the properties that went to auction in Sydney and Melbourne on the weekend found buyers. ‘Australian property owners are waking up to the mother of all housing debt hangovers. That’s what happens, you see, when you go on an unprecedented credit binge, fuelled by cheap credit and loose lending standards.’

The Australian Financial Review also confirmed that our debt-fuelled housing boom was coming to an end: ‘Generally the wider market [in Sydney] has cooled with transaction numbers falling, selling periods extending and prices declining.’ ‘Melbourne has eclipsed Sydney as the nation’s worst-performing capital with prices falling by about 5 per cent in recent months, according to recent analysis by investment bank Morgan Stanley.’ For years your Money Morning editors have been warning that Australia’s real estate has been looking more and more like a bubble. Only recently have mainstream economists and newspapers started to agree.

[..] This is a controversial view as it has the potential to undermine the stability of our whole nation’s economy. Our banking sector is built on a foundation of housing mortgages, and the banks make up a massive proportion of our stock market (around 30% of the ASX). However, with Australian property prices having boomed for so many years, it’s no surprise a correction is on the horizon. Now, if the housing boom is actually over, that doesn’t mean your house is suddenly worthless. If you own your home, you can still live in it just as happily as before. But investors with too much debt, overly dependent on rising prices, may be in trouble. The trouble is, with so much debt in the system, it could be difficult to correct or even slow down the housing bubble without triggering a full-on crash. One that could have disastrous effects for the wider economy.

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Case originated in 2015.

US Loses Bid To End Children’s Climate Change Lawsuit (R.)

A federal appeals court in San Francisco on Friday rejected the Trump administration’s renewed bid to dismiss a lawsuit by young activists who say the U.S. government is ignoring the perils of climate change. By a 3-0 vote, the 9th U.S. Circuit Court of Appeals said the government fell short of the “high bar” needed to dismiss the Oregon case, originally brought in 2015 against the administration of President Barack Obama. Twenty-one children and young adults, ages 11 to 22, accused federal officials and oil industry executives of violating their due process rights by knowing for decades that carbon pollution poisons the environment, but doing nothing about it.

The government contended that letting the case proceed would be too burdensome, unconstitutionally pit the courts against the executive branch, and require improper “agency decision-making” by forcing officials to answer questions about climate change. But the appeals court said the issues raised “are better addressed through the ordinary course of litigation.” A trial is scheduled for Oct. 29 in the federal court in Eugene, Oregon. President Donald Trump’s administration also has asked the U.S. Supreme Court to dismiss the lawsuit or put it on hold, and is awaiting a ruling. Its earlier bid to end the lawsuit failed in March.

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And bars deportation of reunified families.

Judge Praises US Efforts In Reuniting Migrant Families (R.)

A federal judge said on Friday the U.S. government had made “very promising” progress toward reuniting some 2,500 immigrant children separated from their parents at the U.S.-Mexico border as part of a crackdown on illegal immigration. The government has six days left to comply with the reunification order by U.S. District Judge Dana Sabraw, who summoned government attorneys to appear in his San Diego courtroom to update him on efforts made in bringing families back together. “I’m very impressed with the effort being made,” said Sabraw at the end of the brief hearing. Lawyers for U.S. Immigration and Customs Enforcement reported in a court filing late Thursday that 364 children aged 5 and older had been reunited since Sabraw’s order was issued more than three weeks ago.

The number was updated to 450 today, an ACLU spokesperson said. Younger children were reunited last week. In Thursday’s status report, filed as part of an American Civil Liberties Union lawsuit challenging parent-child separations at the border, the government did not say how many reunifications were likely before the July 26 deadline. Nearly 850 parents had been interviewed and cleared for reunification as of Thursday and another 229 parents had been deemed ineligible because of criminal records, or because they “waived” reunification or for other reasons, the report said. The rest are pending review.

More than 850 parents are facing final deportation orders, government lawyers told the court on Friday. The ACLU has asked Sabraw to give those parents at least a week after being reunited with their children before deportation so they have adequate time to obtain legal counsel and consider options. Sabraw has temporarily barred deportations of reunified families pending a final decision.

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Home Forums Debt Rattle July 21 2018

This topic contains 7 replies, has 4 voices, and was last updated by  V. Arnold 1 month ago.

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  • #41903

    Roy Lichtenstein Hopeless 1963   • Ecuador President Arrives In UK; Assange’s Fate Hangs In The Balance (Cogan) • Be Prepared To Shake The Earth
    [See the full post at: Debt Rattle July 21 2018]

    #41904

    V. Arnold
    Participant

    Oh geez; I’m listening to a basoon concerto; everything is right in the world.
    And then; I come to the internet; and everything is going to hell.
    Because of the internet, we’re sucked into this vortex of alternate reality; one of governments, politics, and Machiavellian intrigues; their only reality is their ability to intrigue governments into war; nuclear war.
    But listening to Cantata 140: Sleepers Awake, Johann Sebastian Bach; it’s hard to believe we could possibly be that stupid.
    But we are that stupid.
    Gods almighty; the treasures lost in that conflagration could never possibly be recovered.
    Or,can we possibly, painfully, crawl back from that; only to do it again…

    #41905

    V. Arnold
    Participant

    I don’t much care for Roy Lichtenstein’s art.
    It’s rather boring, IMHO…

    #41906

    Lichtenstein and Warhol changed the way people look at the world; what thay saw around them, prominently, all the time, became art when blown up. That is similar to when artists started painting not gods or kings, but ordinary people. No, I get it. I even get Jeff Koons in the same way; he blew it up even more.

    #41907

    V. Arnold
    Participant

    Ilargi;
    Well, that’s what communication is all about; I understand your point.
    A whole new way to look at Lichtenstein.
    I do see your point…
    New eyes to see…
    Thanks
    But, I will say, he’s hung up on crying women…
    Why?

    #41908

    seychelles
    Participant

    Hopeless, 1963

    Picasso misogyny thinly veiled with a thought /word bubble.

    Warhol, Lichtenstein and Koons..with all of them, there’s not much to “get”. The arbiters of “fine arts” are but a subset of the MSM discourse masters. Their “easy come”…readers are readily induced to let go of their wealth without effort as a kind of circle jerk with others of their ilk to self-promote illusions of success and power. It seems to them shrewd as long as the trajectory continues upward, much like stocks or real estate, and like the latter, art is a favorite place to launder dirty money.

    #41909

    Doc Robinson
    Participant

    Reminds me of my favorite discussion about art:

    Calvin:
    A painting. Moving. Spiritually enriching. Sublime. …“High” art!
    The comic strip. Vapid. Juvenile. Commercial hack work. …“Low” art.
    A painting of a comic strip panel. Sophisticated irony. Philosophically challenging. …“High” art.

    Hobbes:
    Suppose I draw a cartoon of a painting of a comic strip?

    Calvin:
    Sophomoric, intellectually sterile. …“Low” art.

    from Calvin and Hobbes
    by Bill Watterson

    #41910

    V. Arnold
    Participant

    Doc Robinson

    My chuckle for the day…

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