Paul Gauguin Cow on the seashore 1886
This is so incredibly stupid and nobody calls him out over it.
• Powell: Fed’s Job To Keep Economy In A ‘Good Place As Long As Possible’ (CNBC)
Federal Reserve Chairman Jerome Powell described the U.S. economy on Friday as being solid, noting the central bank must do what it can to keep it there. “While not everyone fully shares economic opportunities and the economy faces some risks, overall it is— as I like to say— in a good place,” Powell said in prepared remarks delivered at a “Fed Listens” event in Washington. The event is part of a monetary policy communication review by the Fed. “Our job is to keep it there as long as possible.” Powell’s comments came after a raft of disappointing data releases this week. On Tuesday, the Institute for Supply Management said U.S. manufacturing contracted to its weakest level in a decade.
The ISM also said Thursday that the U.S. services sector grew at its slowest pace since August 2016. The Labor Department, meanwhile, reported weaker-than-expected jobs growth for September. This batch of weaker-than-forecast economic numbers led traders to ratchet up their bets on easier monetary policy from the Fed. Market expectations for a rate cut later this month are around 80%, according to the CME Group’s FedWatch tool. “While we believe our strategy and tools have been and remain effective, the U.S. economy, like other advanced economies around the world, is facing some longer-term challenges—from low growth, low inflation, and low interest rates,” Powell said, adding the Fed is “examining strategies” that will help it achieve its inflation goal of 2%.
Something ain’t happening.
• Auto Imports From Mexico Surge As US Sales Decline (WS)
Automakers continue to shift their production base from the U.S. to Mexico, where labor costs pale in comparison with those in the U.S., despite growing opposition from U.S. auto workers and their unions. U.S. imports of new vehicles from Mexico surged by 8% in the first three quarters of 2019, according to the auto manufacturers association AIMA, released by Mexico’s National Institute of Statistics and Geography (INEGI). This surge has occurred even as total deliveries of vehicles to end-users in the US fell by 1.6%. Between January and September 2019, 2.03 million new vehicles were dispatched from assembly plants in Mexico to the U.S. market, 158,000 more than during the first three quarters of 2018.
In the last eight years, auto imports from Mexico have almost doubled, from 1.3 million in 2011 to 2.57 million last year, at annual growth rates of between 6.3% and 13.9%. Barring any major supply chain hiccups, the U.S. is on track to import over 2.7 million new vehicles from Mexico this year. The latest figures cement Mexico’s position as number one exporter of automobiles to the US, ahead of Canada in second place. According to AIMA, 16% of the 12.7 million cars and other light vehicles delivered in the U.S. in the first three quarters of 2019 were assembled in Mexico.
Nebojsa Malic, senior writer at RT: “It’s curious how the same treatment was not given a few months ago to the anti-Trump text messages of FBI employees Peter Strzok and Lisa Page..”
• The Ukraine Affair Is Damning, All Right – Just Not In The Way You Think (RT)
Democrats say texts and transcripts involving US officials dealing with Ukraine prove President Donald Trump should be impeached. What they actually confirm, however, is the extent to which the US treats Ukraine as a vassal. At the heart of the latest media firestorm are the text messages between US diplomats and Trump’s personal attorney Rudy Giuliani. House Democrats seeking to impeach Trump have already sent a subpoena to the White House seeking more documents, and their allies in the media have proclaimed the texts to be “damning.” Much of the brouhaha centers on messages from Bill Taylor, charge d’affaires at the US Embassy in Kiev, who is the only one to suggest the military aid to Ukraine and President Volodymyr Zelensky’s meeting with Trump are being “conditioned” on investigations of Hunter Biden and Ukraine’s role in 2016 meddling in the US election.
In one of the exchanges with US ambassador to the EU, Gordon Sondland, dated September 9, Taylor spells out what would become the Democrats’ argument for impeachment: “As I said on the phone, I think it’s crazy to withhold security assistance for help with a political campaign.” Sondland’s admonishment of Taylor – “I believe you are incorrect about President Trump’s intentions. The President has been crystal clear: no quid pro quo’s of any kind.” – is somehow being held up as an admission of wrongdoing, along with his request for a phone call instead of continued texts. Just like that, all of a sudden, the controversy about the so-called “whistleblower” who may have colluded with House Intelligence Committee chair Adam Schiff (D-California) before filing his complaint – based on hearsay – is declared “irrelevant” and the texts are held up as the Holy Grail of impeachment proceedings.
It’s curious how the same treatment was not given a few months ago to the anti-Trump text messages of FBI employees Peter Strzok and Lisa Page, when the entire media establishment twisted itself into pretzels to explain that when Strzok said “we’ll stop” Trump from becoming president what he really meant, you see, was something totally innocuous and not sinister at all. House Republicans have blasted the diplomatic texts as “cherry-picked” by the other party, and argued that the closed-doors testimony of Kurt Volker, former US special envoy to Ukraine who participated in the exchanges, painted a completely different picture. Reading the transcript of Volker’s opening statement, obtained and published Friday by investigative reporter John Solomon and the Federalist, seems to back that claim.
LYIN’ SHIFTY SCHIFF! pic.twitter.com/vSZgFz9fIS
— Donald J. Trump (@realDonaldTrump) October 4, 2019
Sacrilege. BTW, where is Skripal? Hiding out with Wexner and Maxwell?
• Trump Told Theresa May He Doubted Russia Was Behind Skripal Poisoning (G.)
Donald Trump disputed that Russia was behind the attempted murder of a former Russian spy in a tense call with Theresa May, it has emerged. Despite the widespread conclusion that Vladimir Putin’s regime was behind the poisoning of Sergei Skripal and his daughter Yulia last year, the US president is said to have spent 10 minutes expressing his doubts about Russian involvement. According to the Washington Post, Trump “harangued” May about Britain’s contribution to Nato in a phone call with Britain’s then prime minister in the summer of last year, before disputing Russian involvement in the Skripal case.
“Trump totally bought into the idea there was credible doubt about the poisoning,” said a figure briefed on the call. “A solid 10 minutes of the conversation is spent with May saying it’s highly likely and him saying he’s not sure.” The Skripals were left fighting for their lives after the novichok attack in Salisbury, while a policeman was also left seriously ill. A second policeman was recently discovered to have been injured in the attack. Two Russian agents, Alexander Petrov and Ruslan Boshirov, were identified as the likely culprits. However, they later appeared on Russia’s state-funded TV station RT, claiming they visited the “wonderful” English city as tourists to see its cathedral.
SNL in 2015 predicted everything https://t.co/MQ06WDiCsk
— Austere Scholar Poso (@JackPosobiec) October 5, 2019
Any day now, CNN can start a spook soccer team.
• US Media Now Filled With Former Intelligence Agents (Rania Khalek)
After years in the shadows overseeing espionage, kill programs, warrantless wiretapping, entrapment, psyops and other covert operations, national security establishment retirees are are turning to a new line of work where they can carry out their imperial duties. That is, propagandizing the public on cable news. Reborn as cable news pundits, these people are cashing in. So many years working in the dark, only to emerge in the studio lights of the same networks that rail all day everyday against state TV from countries that America hates. I’m talking about people like… Below is but a partial list of prominent former spooks turned mainstream media pundits and analysts, to say nothing of the even greater numbers of retired generals the network continuously rely on.
• Former CIA Director John Brennan who is now an NBC News senior national security and intelligence analyst.
• Fran Townsend, former homeland security advisor to George W. Bush. She’s now a CBS News senior national security analyst.
But CNN takes the cake — it’s the biggest spook show of all.
• Jim Clapper, former Director of National Intelligence, now a CNN national security analyst.
• Retired General Michael Hayden, former director of the CIA and the NSA, now a CNN national security analyst.
• Asha Rangappa, former FBI special agent, now CNN legal analyst.
• James Gagliano, a retired FBI supervisory special agent, now a CNN law enforcement analyst.
• Tony Bliken, former deputy secretary of state and former deputy national security advisor, and now CNN global affairs analyst.
• Mike Rogers, former chair of the House Intelligence Committee, now CNN national security commentator.
• Samantha Vinograd senior advisor to the national security advisor under President Obama, now CNN national security analyst.
• Steven Hall, retired CIA chief of Russia operations, now a CNN national security analyst.
• Philip Mudd, former CIA counter-terrorism official, now CNN counter-terrorism analyst.
…Welcome to the spook show!
Kyle Bass on Twitter: “Bank runs all over Hong Kong now. ATM machines running out of cash but there is something more important…failed leader carrie lam(b) can now officially confiscate bank accounts and assets without recourse. The HK legal system is essentially gone.”
Challenge was already thrown out by the High Court in the meantime.
• Hong Kong Democrats To Challenge Mask Ban In Court (HKFP)
Hong Kong’s pro-democracy lawmakers will challenge the newly imposed mask ban in court, arguing that Chief Executive Carrie Lam broke the law when she bypassed the legislature. Filed jointly by all 24 democrats, the lawsuit targeted the Emergency Regulations Ordinance (ERO) – the colonial-era law that grants the city’s leader and her council of advisors wide-ranging powers to “make regulations on occasions of emergency or public danger.” Democrats called for the mask ban to be suspended, before a proper judicial review hearing can be held. The court will hear their first round of arguments at Sunday 10am.
The lawmakers said that Lam “circumvented” the constitutional framework of One Country, Two Systems when she invoked the ERO to ban facial coverings at legal and unauthorised protests from Saturday. “Since the Handover, there has never been an occasion when the chief executive enacted legislation without going through LegCo,” said Civic Party lawmaker Dennis Kwok. On Friday, the High Court dismissed a bid by activists Lester Shum and “Long Hair” Leung Kwok-hung to suspend the law, saying that their case was not strong enough to outweigh the government’s rationale. Kwok said that the democrats’ lawsuit was different, as they had special standing as lawmakers to make constitutional arguments.
Lam: “We cannot allow rioters any more to destroy our treasured Hong Kong.”
That is HER treasured HK, not THEIRS?
• Hong Kong Mask Ban Spurs New Mass Protest On Sunday (BBC)
Thousands of anti-government protesters have turned out for marches in Hong Kong despite pouring rain, spurred into action by a government ban on masks. Many defiantly covered their faces as they set off from several points in a co-ordinated response to the ban, which the High Court upheld on Sunday. Metro services, which were attacked by rioters on Friday, have resumed in some parts of the Chinese city. The masks have become the latest focus in months of pro-democracy protests. Police use of live bullets against protesters this week, leaving two people injured, has also fuelled the unrest. Chief executive Carrie Lam introduced the ban by invoking powers dating back to colonial rule by the British.
Demonstrators fear that democratic rights are being eroded in the semi-autonomous territory under Chinese rule. Many more people have turned out than on Saturday, when a small march was held in the aftermath of Friday’s rioting. Two groups set off at the same time from the Causeway Bay and Tsim Sha Tsui districts, the South China Morning Post reports. Shops could be seen closing early while luxury and chain stores were closed in Causeway Bay. On Friday, both businesses and railway stations were attacked by rioters. Hosun Lee, a protester in Causeway Bay, told AFP news agency he feared more emergency laws were on the way. “The anti-face mask law is the first step,” he said.
Ms Lam vowed on Saturday to prevent further violence, saying: “We cannot allow rioters any more to destroy our treasured Hong Kong.” She justified the law against masks as a response to the demonstrators’ “extreme violence” which was, she said, endangering Hong Kong’s public safety. A second legal challenge to the mask ban, which was brought by opposition legislators, was rejected by the High Court. The legislators had argued that the prohibition was unconstitutional because it denied the rights of free expression and free assembly.
Wexner is walking around free, as is Ghislaine. Not sure about Skripal.
• Epstein Victim Says Leslie Wexner “Responsible For What Happened To Me” (Hill)
A woman allegedly attacked by Jeffrey Epstein said she holds Victoria’s Secret billionaire Leslie Wexner “responsible for what happened to me” because she was staying on a property monitored by Wexner and his wife and guarded by his security team, the Washington Post reported. Maria Farmer stayed in a home that was a half-mile away from Wexner’s home in New Albany, Ohio during the summer of 1996 while she was creating two paintings for the film “As Good as it Gets.” Farmer was employed by Jeffrey Epstein at the time, and while she was staying in the house in Ohio, she alleges that Epstein and his associate Ghislaine Maxwell sexually assaulted her.
When she tried to leave the home after the alleged assault, Farmer said a security guard employed by Wexner told her “You aren’t leaving,” and “You’re not going anywhere.” She said another security guard later took her by the arm, and as she fought against him, he grabbed her so hard she bruised. Farmer said she also tried to call local police and the Franklin County Sheriff’s office. But Wexner had contracted with the office, and a person told her “we work for Wexner,” when she tried to report the crime, Farmer told the Washington Post. She also alleged that she was discouraged from leaving the house without the permission of Abigail Wexler, Leslie Wexler’s wife. She was later picked up by her father at the Washington home.
“..Purdue gave up to $13 billion in company profits to the Sackler family.”
• 24 State Attorneys General Launch Legal Challenge Against Purdue Pharma (Hill)
US Attorneys General from 24 states and Washington, D.C. launched a lawsuit against Purdue Pharma this week in an attempt to block the OxyContin maker from avoiding thousands of lawsuits after filing for bankruptcy, Reuters reported. The state officials objected to Purdue Pharma’s request that a U.S. bankruptcy judge block the more than 2,600 lawsuits seeking billions in damages, according to court filings, Reuters reported. The lawsuits argue that the company, along with the Sackler family, were a catalyst in the opioid crisis across the country by not disclosing the addictive risks of opioids. “The Sacklers are billionaires, they are not bankrupt,” the Massachusetts attorney general, Maura Healey, told Reuters.
“They should not be allowed to use the filing to shield their assets.” Purdue filed for chapter 11 bankruptcy last month, after reaching a settlement between $10 billion and $12 billion for the thousands of plaintiffs involved in the lawsuits. The committee of attorneys who negotiated the settlement said the filing will not stop the company from finalizing the settlement. But Purdue sought the injunction to stop the lawsuits against the company because the Sackler family did not file for bankruptcy, Reuters reported. The Sacklers have offered to give control of Purdue to the plaintiffs and give at least $3 billion towards the settlement. The case filed this week by the state attorneys general also said Purdue gave up to $13 billion in company profits to the Sackler family.
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