Jan 212020
 
 January 21, 2020  Posted by at 10:36 am Finance Tagged with: , , , , , , , , , , , , ,


Alfred Palmer U.S. Marine Corps glider detachment training camp, Parris Island, SC 1943

 

Davos Man Is Richer Than Ever (BBG)
Markets Tumble As Human-to-Human Transmission Coronavirus Confirmed (ZH)
Flynn’s Lawyer: FBI Agents Wrote Flynn Didn’t Lie, We Have Eyewitness (ET)
McConnell Proposes Compressed Schedule For Impeachment Trial (Hill)
How The Senate Trial’s First Day May Proceed (Fox)
White House Appoints GOP House Members To Advise Trump’s Impeachment Team (Hill)
Chief Justice Roberts Under Pressure From Both Sides In Witness Fight (Hill)
Boeing Scrambles to Borrow $10 Bn After $43 Bn in Share-Buybacks (WS)
Putin Sends His Constitutional Proposals to Parliament (ET)
Martin Luther King and the Black Revolutionary Tradition (Eric Mann)
Ukraine, China Knew Hunter Biden Was Chronic Drug Addict, Hired Him Anyway (GP)
Former OPCW Specialist Ian Henderson Speaks At UN (YT)

 

 

I said all I have to say about this in yesterday’s Go Home Greta.

Davos Man Is Richer Than Ever (BBG)

Davos Man is richer than ever. A decade after the financial crisis poured flat champagne on the World Economic Forum, gold-collar executives set to gather there this week have bounced back, and then some. David Rubenstein has doubled his fortune since 2009. Jamie Dimon has more than tripled his net worth. And Stephen Schwarzman has increased his wealth six-fold.It’s a remarkable showing given the economic and political tumult of the past decade, from Lehman Brothers to Brexit to Donald Trump. The fortunes of a dozen 2009 Davos attendees have soared by a combined US$175 billion, even as median U.S. household wealth has stagnated, a Bloomberg analysis found.

The data illustrate the ever-widening gap between the true haves—those in the 0.1 percent—and the have-nots of a global economy. Data from UBS and PwC Billionaires Insights reports show that global billionaire wealth has grown from $3.4 trillion in 2009 to $8.9 trillion in 2017.Central bank actions to fight the financial crisis—record low interest rates and bond-buying programs—have underpinned this ballooning wealth by driving up the prices of stocks and other assets.“Ten years ago, ironically at the lows of the market, what you wanted to own was capital and if you did own capital you did incredibly well,” said Michael Hartnett, Bank of America Corp.’s chief investment strategist. It means Davos Man—the conference remains overwhelmingly male—exerts more authority and visibility than ever.

Dimon is returning to the WEF with JPMorgan Chase & Co. larger and more profitable than ever. Schwarzman—recognizable in his tan winter coat over suit—has built Blackstone Group LP into the world’s largest alternative asset manager with $457 billion of assets as of Sept. 30, 2018, up from $95 billion at the end of 2008. And Davos remains as popular as ever. The forum—titled Globalization 4.0—is expected to host 3,000 people. This year, George Soros is hosting a dinner at which he will speak and Dimon’s JPMorgan is throwing a drinks party. Bill Gates will be present again as will billionaire Carlyle Group co-founder Rubenstein, who hosts a show on Bloomberg Television and whose fortune has doubled over the past decade.

Read more …

“There are now sufficient cases that it’s not going to die out by chance..”

Markets Tumble As Human-to-Human Transmission Coronavirus Confirmed (ZH)

Dow futures are down over 100 points, AsiaPac equity markets are down harder, and Treasuries are well bid along with gold after a Chinese officials confirmed the coronavirus can be spread by human-to-human contact, and the deadly disease is spreading to other asian nations. “Now we can say it is certain that it is a human-to-human transmission phenomenon,” Zhong Nanshan, a scientist who is leading a government-appointed expert panel on the outbreak, said in an interview on state-run television on Monday. As The New York Times reports, cases have been reported outside China.

“The authorities in Thailand detected the new coronavirus last week in two Chinese women who had flown from Wuhan to Bangkok on separate trips. The government said the women, aged 74 and 61, were in good condition. In Japan, a Chinese man who returned from Wuhan on Jan. 6 was also confirmed to have the disease. He was discharged after five days in a hospital. South Korea confirmed its first case of the coronavirus on Monday in a 35-year-old Chinese woman from Wuhan who arrived on Sunday at Incheon International Airport, which serves Seoul. The woman was found with a fever, muscle pain and other symptoms while going through customs and was immediately quarantined for tests, said Jung Eun-kyeong, director of the Korea Centers for Disease Control and Prevention.

The woman was traveling with five other people intending to spend the Lunar New Year holidays in South Korea and Japan, Ms. Jung said. South Korean officials were running tests on anyone believed to have come in contact with the woman in the plane, she said.” And fear of a SARS 2.0 outbreak have sparked risk-off trades in early Asia trading. “There are now sufficient cases that it’s not going to die out by chance,” said Neil Ferguson, a public health expert at Imperial College London who has studied the new virus.

Read more …

Michael Flynn’s destiny was turned on its head in June 2019 when he hired Sidney Powell. Good on him. Still wondering how he got from near bankruptcy to hiring an A-list lawyer.

Flynn’s Lawyer: FBI Agents Wrote Flynn Didn’t Lie, We Have Eyewitness (ET)

Sidney Powell, lawyer of Lt. Gen. Michael Flynn, said the FBI excluded crucial information from a report on their interview of her client. The report, an FBI 302 form, was used to charge Flynn with lying to the FBI, but the original draft of the 302 stated that Flynn was honest with the FBI, according to a witness who saw the draft, Powell said. Flynn, former head of the Defense Intelligence Agency and former national security adviser to President Donald Trump, pleaded guilty on Dec. 1, 2017, to one count of lying to FBI agents during a Jan. 24, 2017, interview. A 302 report summarizing the interview was supposed to be filed within five days. But the earliest draft Flynn’s lawyers were provided was from Feb. 10, 2017—more than two weeks after the interview.

Powell, who took over Flynn’s defense in June 2019, has for months asserted that an earlier 302 must exist. Prosecutors have said they don’t have it, stopping short of saying it doesn’t exist. In an Oct. 24, 2019, court filing, Powell rejected the suggestion that the 302 draft was “missing,” saying neither the bureau nor its digital document system “loses the most important of its reports that is supposed to support the federal felony of the President’s National Security Adviser.” On Jan. 16, Powell disclosed that she has a witness who could attest to what was in the original draft. “I’ve now found a witness who says the original 302 did in fact say that Flynn was honest with the agents and did not lie,” she told Larry O’Connor on his WMAL radio show. “So for somebody to delete that from the 302 is just beyond outrageous.”

She didn’t elaborate much further when asked by The Epoch Times. “Can’t say more about witness but yes, person saw it,” she said via email. [..] In June 2019, after Flynn fired his original lawyers and hired a new legal team led by Powell, prosecutors asked Flynn to testify that he signed [his now-defunct consultancy, Flynn Intel Group (FIG)]’s lobbying forms knowing there were lies in them. He refused, saying he only learned there was something wrong with the registration in retrospect. That angered the lead prosecutor, Brandon Van Grack, notes from a June 27, 2019, conference call indicate. Powell said that ever since then, the prosecutors’ behavior has been “retaliatory, vindictive, and in bad faith” because Flynn refused to lie.

Read more …

Every comma must now be vehemently protested.

McConnell Proposes Compressed Schedule For Impeachment Trial (Hill)

House impeachment managers will have 24 hours over two days to make their opening arguments when they begin to present their case against President Trump to the Senate Wednesday, according to a resolution circulated by Senate Majority Leader Mitch McConnell (R-Ky.). President Trump’s team similarly will have two days to present their arguments and then senators will have a chance to ask questions and consider subpoenas of witnesses. The resolution, as expected, does not require additional witnesses to be subpoenaed and does not allow House prosecutors to admit evidence into the Senate trial record until after the opening arguments are heard.

Senate Democratic Leader Charles Schumer (D-N.Y.) quickly pushed back and vowed to force votes on amendments. “Sen. McConnell’s resolution is nothing short of a national disgrace,” Schumer said in a statement Monday afternoon. Both sides will have 24 hours to make their first round of arguments — the same amount of time House impeachment managers and Bill Clinton’s lawyers received in 1999, but on a more compressed time schedule than required more than 20 years ago.

The resolution includes language favored by Sen. Susan Collins (R-Maine) and other GOP moderates requiring a debate and vote on subpoenaing new witnesses and documents. Sen. Lamar Alexander (R-Tenn.), who worked with McConnell and Collins to modify the resolution, said it “guarantees a vote on whether we need additional evidence at the appropriate time.” A Senate GOP leadership aide noted that prosecutors in the Clinton trial didn’t use all of their allotted time and finished their opening arguments within three days. Schumer argues that forcing House managers to cram their opening arguments into a two-day window will force them to present on the Senate floor well into the evening and possibly past midnight.

Read more …

A handy guide.

How The Senate Trial’s First Day May Proceed (Fox)

Here is how things are expected go down Tuesday in the Senate for President Trump’s impeachment trial. By rule, the trial session begins at 1 p.m. ET. Expect to see Senate Sergeant-at-Arms Michael Stenger reprising his role from last week, bringing order to the Senate. Stenger may appear at other points along the way, too. The first order of business for the Senate will be to swear-in Sen. Jim Inhofe, R-Okla. Inhofe wasn’t present last week when all other senators were sworn in. He was attending to a family emergency. Then, there will be some short, administrative activity for documents, et al. Viewers are likely to see two women on the dais, whispering to Chief Justice John Roberts, giving advice and passing messages.

They are Senate Parliamentarian Elizabeth MacDonough and Assistant Parliamentarian Leigh Hildebrand. Once the Senate gets through the basics, it’s time for Senate Majority Leader Mitch McConnell, R-Ky., to offer his resolution dictating the parameters of the trial. McConnell’s proposal is formally known as a “motion” in Senate parlance. And, by rule, the Senate then has two hours per side to debate the McConnell plan. The Senate will have to eat up all of that two hours, unless there is unanimous consent – meaning all 100 senators agree — to cut things short. The seven House managers and members of Trump’s defense team – not any senators – would debate the proposal. So, barring anything strange, this probably gets us close to 3:30 p.m. ET.

Then, it’s up to Senate Minority Leader Chuck Schumer, D-N.Y., to offer his counter-proposal. The Senate has something known as “the amendment tree.” One could think of the McConnell proposal as the “trunk” of the tree. Schumer’s proposal is a “branch” of the tree. Schumer’s proposal, or proposals – so, sprigs growing off of the Schumer branch of the tree – all would represent possible amendments on which the Senate likely will have to debate and conduct a roll call vote on Tuesday evening. What will Schumer propose? Different time allocations for the trial? Different times when they start or stop the arguments? Proposals on witnesses and documents? By rule, Schumer’s proposal gets two hours of debate as well, with no senators participating in the debate — just the impeachment managers and the president’s counsel.

Timing: If they do this by the book, we probably get 5:30 or 6 p.m. ET, if not later. However, a potential wild card is afoot. Fox News is told to expect a closed Senate session after these two debates, meaning lawmakers essentially would kick everyone out of the chamber: the public, the media, the president’s legal team and the impeachment managers. The only people left: senators, Roberts and essential floor staff. Fox News has no idea how long this could go, but it would happen in the Senate chamber itself, not the Old Senate Chamber.

Read more …

“..provided guidance to the White House team, which was prohibited from participating in the proceedings concocted by Democrats in the House of Representatives”

White House Appoints GOP House Members To Advise Trump’s Impeachment Team (Hill)

The White House announced Monday that President Trump appointed several prominent Republican House members to advise his impeachment defense team ahead of the Senate trial set to begin this week. GOP Reps. Jim Jordan (Ohio), John Ratcliffe Texas), Mike Johnson (La.), Mark Meadows (N.C.), Debbie Lesko (Ariz.), Lee Zeldin (N.Y.), Elise Stefanik (N.Y.) and Doug Collins are set to play leading roles. A statement from the White House said the lawmakers “have provided guidance to the White House team, which was prohibited from participating in the proceedings concocted by Democrats in the House of Representatives” throughout the House proceedings and would continue to do so in the Senate.

The lawmakers served as some of the president’s strongest allies during the House’s impeachment proceedings, adamantly defending the president’s dealings with Ukraine. Jordan, a firebrand conservative who serves as the top Republican on the House Oversight and Reform Committee and a leading member of the House Freedom Caucus, has garnered a reputation for being one of Trump’s most aggressive attack dogs on impeachment.

Ratcliffe, who sits on the House Intelligence Committee and served as U.S. attorney for the Eastern District of Texas before being elected to Congress, was previously tapped by the president last year to become the director of national intelligence before he withdrew from consideration. His line of questioning during the public hearings was widely praised by his GOP colleagues in the House. Collins, the top Republican on the House Judiciary Committee and confidant to the president, played a key role in pushing back against Judiciary Chairman Jerrold Nadler (D-N.Y.) during the final hearings. And Johnson, the chairman of the Republican Study Committee who also sits on the House Judiciary Committee, practiced constitutional law.

Read more …

Roberts may regret this job.

Chief Justice Roberts Under Pressure From Both Sides In Witness Fight (Hill)

Senate Democrats are pressing Chief Justice John Roberts to rule in favor of calling witnesses at President Trump’s impeachment trial, while Republicans argue it could force his recusal from potential Supreme Court cases. Democrats say it’s simple: A trial can’t be a fair one without witnesses. Republicans counter that if Roberts rules on witnesses, he will have to recuse himself from any Supreme Court case on Trump’s claims of executive privilege over potential witnesses like former national security adviser John Bolton and acting White House chief of staff Mick Mulvaney. “I don’t know how you have a serious trial unless you hear from witnesses who know in fact what the facts are, what happened,” said Sen. Bernie Sanders (I-Vt.).

“I think it would be appropriate for the chief justice to do what I think should be done, and that is to allow witnesses to testify,” he added. While Roberts is expected to refer major disputes over trial procedures to the entire Senate for a vote, some Democrats hope he will make his own rulings on what they say are basic questions of fair jurisprudence. Democrats argue that holding a trial but blocking the consideration of relevant witness testimony and document review would fall well short of what’s considered a fair trial in any court of law.

“We’ve been working to get an agreement with Republicans about the relevant witnesses for the trial and relevant documents and we’re continuing that effort,” said Sen. Chris Van Hollen (D-Md.). “Those types of questions will have to be considered as the trial proceeds.” Senators who want Roberts to intervene have pointed to the precedent set by then-Chief Justice Salmon P. Chase in the 1868 impeachment trial of President Andrew Johnson. Chase broke two ties on procedural deadlocks, including a vote on whether he could break ties.

Read more …

All you need to know: “..its total liabilities ($136 billion) exceed its total assets ($132 billion)..”

Boeing Scrambles to Borrow $10 Bn After $43 Bn in Share-Buybacks (WS)

The first thing to know about Boeing’s mad scramble to line up “$10 billion or more” in new funding via a loan from a consortium of banks, on top of the $9.5 billion credit-line it obtained in October last year – efforts to somehow get through its cash-flow nightmare caused by the 737 MAX fiasco – is that the company blew, wasted, and incinerated $43.4 billion to buy back its own shares since June 2013, having become a master of financial engineering instead of aircraft engineering. If Boeing had focused on its business – such as designing a new plane instead of doctoring an ancient design to save money and time – and if it hadn’t blown $43 billion on share-buybacks but had invested this money in a new design, those two crashes wouldn’t have occurred, and it wouldn’t have to beg for cash now.


The chart below shows the cumulative share-buybacks in billions of dollars since Q1 2009. In Q2 2019, it belatedly halted the share buybacks. As is always the case with share buybacks, the idea is to buy high in order to drive shares even higher. This is what you learn on the first day of Financial Engineering 101. So Boeing stopped buying back its shares in Q1 2009 when its shares had plunged into the $35-range, at which point they were a good deal, and then recommenced share-buybacks in Q2 2013 when its shares had already risen to the $100-range.

The second thing to know about Boeing’s mad scramble to borrow another $10 billion is that it already has a huge amount of debt and other liabilities, and that its total liabilities ($136 billion) exceed its total assets ($132 billion) by about $4 billion as of September 2019, meaning that it has negative net equity, that the share buybacks have destroyed its equity, which is what share buybacks do to the balance sheet. It also means that every dime in “cash” and “cash equivalent” listed on the balance sheet is borrowed. And this is about to get a whole lot worse. In October 2019, Boeing had already obtained a new credit line of $9.5 billion, which about doubled the size of its existing credit line. Credit lines serve as liquidity backup. And now Boeing is scrambling to pile “$10 billion or more” in new loans on top of it.

Read more …

Note: Putin will be President until 2024.

Putin Sends His Constitutional Proposals to Parliament (ET)

Russian President Vladimir Putin on Monday submitted to parliament a package of constitutional amendments widely seen as an attempt to secure his grip on power well after his current term ends in 2024. Putin first presented the proposed changes in his state-of-the-nation address Wednesday, arguing they are intended to bolster the role of parliament and strengthen democracy. Kremlin critics have argued that they are intended to allow his rule for life. The Kremlin-controlled lower house, the State Duma, received a draft bill on constitutional proposals from the Kremlin and quickly scheduled the first of three required readings for Thursday.


Putin, 67, has been in power for more than 20 years, longer than any other Russian or Soviet leader since Josef Stalin, who led from 1924 until his death in 1953. Under the law now in force, Putin must step down as president when his current term ends. Putin proposed that the constitution must specify the authority of the State Council, an advisory body that consists of regional governors and top federal officials. The Kremlin’s constitutional bill submitted to parliament empowers the Council to “determine the main directions of home and foreign policy,” its specific authority yet to be spelled in a separate law. Observers say that the proposed changes could allow Putin to stay in charge by shifting into the position of the Council’s head.

Read more …

Mann: “..in 1964 I was a field secretary with the Congress of Racial Equality”. Long piece.

Martin Luther King and the Black Revolutionary Tradition (Eric Mann)

Every year, until The Revolution comes again, the counter-revolution manipulates the historic birthday of Dr. Martin Luther King, that so many people fought for, as their symbol of Black “integration” into imperialism and “non-violent” acquiescence to, at best, Barack Obama’s cynical negation of his dream. As Donald Trump has just assassinated Iranian General Quassem Soleimani—with Democratic Party token opposition at best and acquiescence at worse, Dr. King reminds us that “the United States, my government, is the greatest purveyor violence in the world.”

As Bernie Sanders and Elizabeth Warren squabble for position and too often, reduce the meaning of life to a barren economic populism, Dr. King reminds us that U.S. society is a moral disgrace and we need a revolutionary movement to challenge its “racism, militarism, poverty, and materialism.” His thoughts offer Democrats and the Movement a challenge. There is an urgent need for a revolutionary worldview to challenge the racism and reaction of Donald Trump’s Make America Great fascist appeal. Meanwhile, on the ground, Black and Latino communities and the world are suffering the worst political, economic, and ecological catastrophe with little help in sight. In this context the most engaged and introspective study of Dr. King’s theory and practice is an urgent corrective than can offer hope and inspiration.

“Like anybody, I would like to live – a long life; longevity has its place. But I’m not concerned about that now. I just want to do God’s will. And He’s allowed me to go up to the mountain. And I’ve looked over. And I’ve seen the Promised Land. I may not get there with you. But I want you to know tonight, that we, as a people, will get to the Promised Land. So I’m happy, tonight. I’m not worried about anything. I’m not fearing any man. Mine eyes have seen the glory of the coming of the Lord.”

Read more …

To blackmail Joe?!

Ukraine, China Knew Hunter Biden Was Chronic Drug Addict, Hired Him Anyway (GP)

Hunter Biden’s first arrest may have been when he was 18. Hunter was arrested on Jersey Shore related to drug charges in 1988 and had his record expunged. Many years later and after several stops into drug treatment facilities Hunter joined his father the Vice President on a trip to China in 2013 where Hunter — inexperienced and out of place — was able to secure a $1.5 billion from China for private equity fund which he was forming at the time. A year later in early 2014 Hunter was discharged from the Navy for testing positive for cocaine. Then in April 2014, just a couple months later, Hunter Biden Hunter joined the Board of Burisma Holdings in the Ukraine. Hunter served on the Board until early 2019. Hunter was paid approximately $50,000 a month in his position.

The largest oil and gas company in the Ukraine hired a chronic drug addict only a few months after the addict was removed from the US Navy for doing cocaine. In 2016 Hunter Biden returned a rental car with a crack pipe with cocaine residue and a small amount of a white, powdery substance. Hunter was never charged with a crime. In 2018 the IRS placed a tax lien on Hunter Biden seeking $112,805 in unpaid taxes from 2015. And according to Page Six, Hunter Biden allegedly spent time at Larry Flynt’s Hustler Club in New York City in 2018. Hunter allegedly ordered pricey booze, was joined by several strippers in a private room while he did drugs and had strippers run to find him a dildo. These are just a few of the allegations against Hunter Biden. After years of drug abuse there are likely many more episodes not yet public.

Any foreign intelligence service worth their salt would have known Hunter Biden was a chronic drug addict. China and the Ukraine, and likely others, hired Hunter Biden anyway. [..] How many times was Joe Biden warned of his dangerous actions related to his drug addicted son? Will the liberal media ever investigate this? Do Americans really believe that this man and his son should be President? Joe and Hunter Biden would destroy the American dream if Joe was elected President. They would blow it away!

Read more …

The text here is a Twitter thread from Philip Watson.

Former OPCW Specialist Ian Henderson Speaks At UN (YT)

The damning words of Ian Henderson at tonight’s OPCW United Nations Security Council Arria-Formula Meeting called for by the #Russia-n Federation into the #Douma affair. All words that follow are direct quotes from Mr Henderson.

“I need to point out from the outset, I am not a whistleblower. I don’t like that term. I am a former OPCW specialist who has concerns in many areas and I consider this a legitimate and appropriate forum to explain again these concerns.” “Secondly, I must point out that I hold the OPCW in the highest regard. As well as the professionalism of the staff members who work there. ” “However the concern I have does relate to some specific management practices in certain sensitive missions. The concern, of course, relates to the FFM investigation into the alleged chemical attack on the 7th April in Douma in Syria.”

“My concern, which is shared by a number of other inspectors, relates to the subsequent management lock-down and the practices in the later analysis and compilation of the final report. ” “There were 2 teams deployed, 1 team which I joined shortly after the start of field deployments was to #Douma in Syria, the other team deployed to Country X. ” The main concern relates to the announcement in July/18, of a new concept, the so-called FFM Core Team which essentially resulted in the dismissal of all the inspectors who’d been on the team deployed to locations in Douma and had been following up with their findings & analysis. “The findings of the final FFM report were contradictory, were a complete turn-around, with what the team had understood collectively. ”

“During and after the Douma deployments and by the time of release of the interim report in July 2018 our understanding was that we had serious misgivings that a chemical attack had occurred. ” “What the final FFM report does not make clear and thus does not reflect the views of the team members who deployed to Douma. (In which case I can really only speak for myself at this stage)” “The report did not make clear what new findings, facts, information, data or analysis in the fields of witness testimony, toxicology studies, chemical analysis, engineering and or ballistics studies…” “..had resulted in a complete turn-around in the situation from what was understood by the majority of the team and the entire Douma team in July 2018.”

“In my case I had followed with a further 6 months of engineering and ballistics studies into the cylinders. The results of which had provided further support for the view there had not been a chemical attack.” “This needs to be properly resolved, we believe (Douma FFM Team), through the rigours of science and engineering. In my situation it is not a political debate. I’m very aware that there is a political debate surrounding this.” “Perhaps a closing comment from my side, is that I was also the inspection team leader who developed and launched the inspections, the highly intrusive inspections, of the Barzah SSRC facility outside of Damascus.” “And I did the inspections and wrote the reports for the 2 inspections prior to and the inspection after the chemical facility, or the laboratory complex at Barzah SSRC, had been destroyed by the missile strike. That however is another story altogether.”

Read more …

 

 

 

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Home Forums Debt Rattle January 21 2020

This topic contains 14 replies, has 6 voices, and was last updated by  zerosum 9 months, 1 week ago.

Viewing 15 posts - 1 through 15 (of 15 total)
  • Author
    Posts
  • #52853

    Alfred Palmer U.S. Marine Corps glider detachment training camp, Parris Island, SC 1943   • Davos Man Is Richer Than Ever (BBG) • Markets Tumble
    [See the full post at: Debt Rattle January 21 2020]

    #52854

    boscohorowitz
    Participant

    “As Bernie Sanders and Elizabeth Warren squabble for position and too often, reduce the meaning of life to a barren economic populism, Dr. King reminds us that U.S. society is a moral disgrace and we need a revolutionary movement to challenge its “racism, militarism, poverty, and materialism.”

    ‘barren economic populism’. Well said. Bravo.

    “Like anybody, I would like to live – a long life; longevity has its place. But I’m not concerned about that now. I just want to do God’s will. And He’s allowed me to go up to the mountain. And I’ve looked over. And I’ve seen the Promised Land. I may not get there with you. But I want you to know tonight, that we, as a people, will get to the Promised Land. So I’m happy, tonight. I’m not worried about anything. I’m not fearing any man. Mine eyes have seen the glory of the coming of the Lord.”

    The view from atop the mountain is ofetn misleading despite its panoramic perspective revelation. Racial strife is poised to become worse than ever. But nonetheless, the sky light is brilliant above the valley fog, and it gives courage to those who seek it.

    Thanx for disinterring the memory of MLK from the trivial shroud it has been wrapped in, Raul. He looks good in that freshly pressed dark suit.

    Hardly Stevie’s best song, but far from bad:

    Happy Berfday

    #52857

    Doc Robinson
    Participant

    After years and billions of dollars down the drain with the 787, the Board of Directors and CEO Jim McNerney, followed by CEO Dennis Muilenburg, established a policy of returning 100% of free cash flow to shareholders. This took the form of share buybacks and increased dividends.

    David Calhoun has been on the Board since 2009. Board votes and debate aren’t public, but it is assumed he supported this policy.

    The money dedicated to this policy would have funded several new airplane programs. Even half of this money could have funded two or three new airplanes.

    https://leehamnews.com/2020/01/20/pontifications-another-calhoun-challenge-fixing-boeings-product-strategy/

    null
    “…a host of problems that occurred under Denis Muilenburg’s watch. Calhoun must deal with these, too.”

    #52859

    zerosum
    Participant

    • Davos Man Is Richer Than Ever (BBG)
    I read somewhere that the rif-raf entry fee was $25,000.
    ——
    Phlegm can be dangerous
    the coronavirus can be spread by human-to-human contact, and the deadly disease is spreading to other asian nations.

    Cough cough
    peaceful siege ….. USA go home ………

    ——–
    “As is always the case with share buybacks, the idea is to buy high in order to drive shares even higher. This is what you learn on the first day of Financial Engineering 101.”

    ” …. every dime in “cash” and “cash equivalent” listed on the balance sheet is borrowed.”

    Seeeee ….. That’s how you get printed money, that’s how you get a million $ pay check, that’s how the enablers for the elites have set up the system
    Stop your crying in your tea. Be happy that you still have tea.
    Knowledge is suppose to make you happy
    —–
    Putin, 67,
    Since when does someone rich and powerful allow the rif-raf to take away everything that he spent his life to attain!!!!!
    ——
    Fake news??? – Biden
    (I know nothing. Everything that I know is from what I have read.)

    Any foreign intelligence service worth their salt would have known Hunter Biden was a chronic drug addict.
    China and the Ukraine, and likely others, hired Hunter Biden anyway.

    Obviously, Hunter Biden was hired for access to his father in any pay-for-play schemes.
    But it now appears likely that these countries were also using this as fodder to blackmail Joe Biden.
    Joe Biden set up his tormented son with lucrative foreign contracts.
    Joe Biden’s senseless and selfish actions also left him open to blackmail.

    How many times was Joe Biden warned of his dangerous actions related to his drug addicted son?
    (by the secret service)
    Will the liberal media ever investigate this?
    Do Americans really believe that this man and his son should be President?

    ====
    Hope
    …. “The view from atop the mountain”…..
    or
    What’s behind the green door
    —–
    Aren’t you glad and happy that TAE is here to let you know how the system operates?

    #52860

    zerosum
    Participant

    Look!!!
    enabler
    Hunter’s personal lawyer and spokesman, George Mesires
    https://www.faegrebd.com/en/professionals/m/mesires-george-r#!#tab-Overview
    George Mesires represents clients in general corporate matters, including finance, corporate restructuring, bankruptcy, and distressed mergers and acquisitions. George advises principals, directors and officers on corporate governance, fiduciary duties and strategy in crises and/or sensitive matters.

    #52861

    This week, Bernie is sexist. Stay tuned for next week, when we’ll find he’s racist too. If his numbers still don’t plummet then, he’ll be an anti-semite Jew.

    Hillary Says Nobody Likes Bernie, Won’t Commit To Backing Him

    Hillary Clinton blasts Sen. Bernie Sanders in a new documentary, saying “nobody likes him” and telling The Hollywood Reporter that she won’t commit to endorsing and campaigning for him if he’s the Democratic 2020 nominee. [..] Asked in the new interview, which was published on Tuesday, if she would endorse and campaign for the Vermont senator if he was the nominee, Clinton demurred, saying “I’m not going to go there yet” ..

    She cited not only Sanders but “the culture around him. It’s his leadership team. It’s his prominent supporters. It’s his online Bernie Bros and their relentless attacks on lots of his competitors, particularly the women. And I really hope people are paying attention to that because it should be worrisome that he has permitted this culture — not only permitted, [he] seems to really be very much supporting it.”

    In the documentary, Clinton blasted Sanders’ record on Capitol Hill. “He was in Congress for years. He had one senator support him. Nobody likes him, nobody wants to work with him, he got nothing done. He was a career politician. It’s all just baloney and I feel so bad that people got sucked into it.” Asked if that assessment still holds, Clinton replied, “Yes, it does.”

    #52863

    Dr. D
    Participant

    “Hillary Says Nobody Likes Bernie, Won’t Commit To Backing Him”

    So what are they saying? A retired private citizen who does nothing and holds no positions won’t vote for Bernie? So what? Or are you saying we should care, because HRC still is running the DNC? Seems like one or the other. If she’s running it, then why is she hiding and not honest about it? CNN, you’re a joke.

    “Markets Tumble As Human-to-Human Transmission Coronavirus Confirmed (ZH)”

    Is this like all the other 20 scares where the death tool is scarcely higher than the common cold?

    “Cry Wolf! And loose the lies of war!”

    “Still wondering how he got from near bankruptcy to hiring an A-list lawyer.”

    Yeah, amazing. And somebody seems to be inside handing out bread crumbs, as how does Powell know what was on the 302s nobody wrote, has, or has ever seen? Funny ol’ world. But she knows what the FBI and DoJ don’t and is almost certainly right. …But there’s no NSA or military intel anywhere. It’s all just a big accident.

    McConnell Proposes Compressed Schedule for Impeachment Trial (Hill)

    This probably would have helped if they’d got some crimes or evidence before now. It’s like the local constabulary saying, “He’s a bad seed: born bad.” So they just chase and harass him from the age of 13 until he’s proven right.

    “Sheriff John Brown always hated me
    For what I don’t know
    Every time that I plant a seed
    He said, “Kill it before it grows”

    Congress has already said, they don’t care about the impeachment; they are going to keep investigating forever until they find something. And as ever, #OppositeLand, “The World Turned Upside-down”: you are INNOCENT, innocent, innocent, innocent, until PROVEN guilty. Proven. As is the Jury reads the final words and the court is adjourned. And there must be a definitive CRIME to exist before we start looking for who committed it. But that would be #Logos, logic. We are definitively #AntiLogos, AntiLogic.

    “Chief Justice Roberts Under Pressure from Both Sides in Witness Fight (Hill)”

    What are you saying? That the law exists and he’s a judge? Or do you swim in a world of Twitterati group-think where everybody slavishly agrees all the time or is excommunicated from existence? Weirdos.

    Orlov runs down more details in the Putin-law changes:
    http://cluborlov.blogspot.com/2020/01/life-after-putin.html

    “During Putin’s period in power, Russia has solved the problems of separatism and domestic terrorism, reigned in the predatory oligarchy, paid off virtually all of its foreign debts including ones it inherited from the USSR, grew its economy by a factor of six (vs. China’s five and USA’s one), regained Crimea (which had been part of Russia since 1783), rebuilt its armed forces to a point where international security is no longer a major concern, and achieved an overall level of societal well-being that is unparalleled in all of Russian history.

    The system of governance he has built has worked well with him as the head of government, but it will require some adjustments in order to work well under future presidents, who may not be equally gifted. Recognizing this fact, on Wednesday Putin has launched a limited overhaul of the Russian Constitution.”

    Martin Luther King and the Black Revolutionary Tradition (Eric Mann)”

    The left hates MLK sooooo much and works tirelessly to undermine him every day, because he said, “I want people to be judged on the content of their character, NOT the color of their skin.” They do the #OppositeLand, caring only and exclusively about ever-smaller divisions of skin, and are repulsed by merit and character, and most ESPECIALLY Christian ones, as described by southern preachers. Ew.

    Ukraine, China Knew Hunter Biden Was Chronic Drug Addict, Hired Him Anyway (GP)”

    But there’s no suspicion, no evidence and even ASKING THE QUESTION is a crime.

    #52867

    We may no longer be in the House, but we get another 30-40 minutes of Schiff regardless.

    #52868

    boscohorowitz
    Participant

    “The left hates MLK sooooo much”

    A) Yeah, let’s spout off-the-wall opinion as if it were fact, and B) promote even more divisiveness than already exists.

    There is no more left any more than there is a right. There are just opposing camps based on how easily they can agree on who to blame, ruthlessly exploited by the usual divide’n’conquer schmucks.

    We’re intelligent people here. We don’t need color-coded labels to tell us who to blame. Especially in a forum where most everyone agrees that such labels are useless not only as valid definitions but that the partisan groups stuck with those labels are at best willfully deluded sheep and at worst lying shitsticks.

    If venting spleen solved anything, we would have cnquered the cosmos long ago.

    #52869

    Sekulow was strong, Cippolone looks the better lawyer but a weaker speaker. Maybe he’ll grow into this public role.

    These two are top notch lawyers, who’ve had 3 years of accusations vs Trump to sharpen their skills. The Dems have a bunch of Congressmen and Senators to go up against them. And in the end it’s about the law, not some public image.

    #52870

    zerosum
    Participant

    Learning opportunity test of critical thinking
    ” ….another 30-40 minutes of Schiff ”
    He is there so that I can learn how to make opinions and omissions, look like facts, data, proof.
    He, and other politicians are a specialized enabler.

    #52871

    boscohorowitz
    Participant

    Drones got a facebook page:

    Blinky Things

    It’s something, and I highly doubt it’s any good.

    #52872

    boilingfrog
    Participant

    Listening to this back-and-forth all afternoon, (a back-and-forth that will sway no one) it seems to me that the president is guilty as heck, but the prosecutors screwed up the process in so many ways they can’t possibly win at this point.

    Trying to argue facts that they didn’t seem to chase down (why?) hard enough, they’re constantly undercut on process. An impulsive man will get tripped up in a patient, dogged, detailed process, he can’t handle that! A 33 day delay is not the same thing.

    Hindsight would say that a patient, stand-offish approach to the president over the years would have simply reinforced his belief in his own “perfectness”… and given him plenty of rope to hang himself. Metaphorically speaking, of course.

    #52873

    boscohorowitz
    Participant

    A-HA!

    #52874

    zerosum
    Participant

    ITS ALL LIES – BIDEN

    Joe Biden’s ‘conspiracy theory’ memo to U.S. media doesn’t match the facts



    The memo by Biden campaign aides Kate Bedingfield and Tony Blinken specifically warned reporters covering the impeachment trial they would be acting as “enablers of misinformation” if they repeated allegations that the former vice president forced the firing of Ukraine’s top prosecutor, who was investigating Burisma Holdings, where Hunter Biden worked as a highly compensated board member.

    Biden’s memo argues there is no evidence that the former vice president’s or Hunter Biden’s conduct raised any concern, and that Prosecutor General Viktor Shokin’s investigation was “dormant” when the vice president forced the prosecutor to be fired in Ukraine.

    The memo calls the allegation a “conspiracy theory” (and, in full disclosure, blames my reporting for the allegations surfacing last year.)

    https://www.politico.com/news/2020/01/20/biden-memo-trump-misinformation-101207
    By EVAN SEMONES

    01/20/2020 01:10 PM EST
    Joe Biden’s campaign issued a memo to media outlets on Monday warning them against spreading “false accusations” driven by President Donald Trump and Republicans against the former vice president.

    The memo, released a day before the start of Trump’s Senate impeachment trial, says there is “no evidence” for disproven claims pushed by the president that Biden sidelined a Ukrainian prosecutor who was investigating an energy company that his son, Hunter, held a high-paid position with.

    https://thehill.com/homenews/campaign/479052-biden-campaign-warns-media-about-spreading-malicious-and-conclusively

    Biden campaign warns media about spreading ‘malicious and conclusively debunked’ claims during impeachment trial
    BY REBECCA KLAR – 01/20/20 02:08 PM EST

    The Biden campaign said Trump’s efforts to spread the theory is the reason the president is being impeached and said it would be “malpractice” for journalists to reference the allegations without also saying that they’ve been debunked, according to a copy of the memo obtained by The Hill.
    https://www.nbcnews.com/politics/trump-impeachment-inquiry/biden-campaign-warns-against-media-use-trump-disinformation-during-impeachment-n1118681

    Biden campaign warns against media use of Trump disinformation during impeachment trial
    A campaign memo warns against the spread of “malicious and conclusively debunked” theories about the Bidens by Trump allies.
    Jan. 20, 2020, 2:01 AM PST
    By Heidi Przybyla and Mike Memoli

    In its first forceful pushback since impeachment proceedings began, the Biden campaign is demanding that “any media organization referencing, reporting on, or repeating these claims” from Trump and his allies “must state clearly and unambiguously that they have been discredited and debunked by authoritative sources.”

    https://www.nationalreview.com/news/biden-warns-media-against-shopping-conclusively-debunked-ukraine-corruption-allegations-during-impeachment-trial/

    Biden Warns Media against Shopping ‘Conclusively Debunked’ Ukraine Corruption Allegations During Impeachment Trial
    By TOBIAS HOONHOUT
    January 20, 2020 9:02 AM

    Joe Biden has been insistent that there was no unethical behavior committed by his son while he was serving as point man for Ukraine relations in the Obama White House, despite countering claims of alleged corruption by President Trump and Republican allies.

    https://www.washingtonexaminer.com/opinion/joe-biden-is-not-in-the-clear-on-impeachment-and-his-campaign-knows-it

    Joe Biden is not in the clear on impeachment, and his campaign knows it
    by Eddie Scarry
    | January 20, 2020 04:50 PM

    Joe Biden’s campaign knows that he’s going to be a casualty of this impeachment, and that’s why it sent out a warning to the national media, effectively telling reporters to be sure to clear him of any wrongdoing.

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