Juan Gris Grapes 1913
The attempts to shut down the discussion about vaccines will backfire spectacularly. We need to have that discussion, badly. “Believe in the science” has been turned into “Believe in the vaccine”. But those are not the same thing.
You think you are following the science when, in fact, you are following the media’s and politicos’ presentation of the science. Follow the science is a rallying cry by all but the scientists.
– Dave Collum
Dr. Kary Mullis, inventor of the PCR test, on the fraud who is called Dr. Fauci
Incredible clip here. Dr. Kary Mullis winner of the 1993 Nobel Peace Prize for Chemistry & inventor of the PCR test on the fraud who is called Dr. Fauci pic.twitter.com/GSME0fPNIk
— Taylor Hudak (@_taylorhudak) December 27, 2020
What are the odds of $2,000 by now?
• Trump Averts Shutdown, Signs $2.3 Trillion Spending And COVID Relief Bill (JTN)
President Trump on Sunday night signed a $2.3 trillion federal spending and COVID relief bill, averting a government shutdown and ensuring millions of Americans continue to get unemployment benefits. Despite his misgivings about wasteful spending and low stimulus payments in the bill, Trump said he signed the legislation because “I have an obligation to protect the people of our country“ from further economic devastation. He said, however, “more money is coming” as Congress votes this week on larger checks. The president on Sunday also invoked the 1974 Impoundment Control Act to demand “rescissions” be made to the spending measures. Under the Act, a president can seek congressional approval to rescind funds by sending a special message to Congress identifying the amount he proposes to cut, the reasons for it, and the economic impact.
“I will sign the Omnibus and Covid package with a strong message that makes clear to Congress that wasteful items need to be removed. I will send back to Congress a redlined version, item by item, accompanied by the formal rescission request to Congress insisting that those funds be removed from the bill,” Trump said. The signing came after Trump tweeted, “Good news on Covid Relief Bill. Information to follow!” The signing brought hope to millions of Americans who lost jobless benefits over the weekend as a federal shutdown loomed. The standoff occurred after Trump refused before Christmas to sign the $2.3 trillion spending and COVID relief bill, demanding more money for everyday Americans. Congress failed to address the president’s demands to increase the $600 stimulus checks to $2,000 per person.
What substance does the review have?
• Trump Signs Covid-19 Bill: Announces Congress Review of Section 230 (SAC)
President Trump signed on Sunday the Covid-19 stimulus package, saying that the bill will “restore unemployment benefits, stop evictions, provide rental assistance, add money for PPP, return our airline workers back to work, add substantially more money for vaccine distribution, and much more.” Trump also announced that the House of Representatives will vote on Monday to increase “payments to individuals from $600 to $2,000 and that a family of four would receive $5,200.” Another unexpected announcement was that Congress has promised to review Section 230, “which so unfairly benefits Big Tech at the expense of the American people.” Trump said that he expect them to either terminate it or substantially reform it.
“What we have seen traditionally in Georgia that Republicans are much more reliable runoff voters than Democrats are. The republican have a pretty long string of unbroken wins in statewide runoffs..”
• Georgia Runoff Results May Not Be Known ‘for Weeks’ (RS)
One of the reasons that folks on the right have been so upset over the Nov. 3 election is not just that many believe it was stolen from President Donald Trump, but also the concern that if you don’t fully answer/resolve the questions that have been raised about the election, then you can’t be assured that it won’t happen again. A recent USA Today poll found that fully 78% of Republicans don’t believe that Joe Biden was legitimately elected. While the media wants to blame that on President Donald Trump, as indeed they blame everything, it has far more to do with the media failure to actually address the questions raised, dismissing sworn affidavits and the failure to comply with state laws. That’s a big issue when you fail to address the concerns of that many people.
Now, as we approach the Georgia run-offs, Fox is reporting that we may not know the winners in the run-offs for “weeks.” From the NY Post: “Election officials in Georgia are gearing up for the possibility that next month’s Senate runoff elections may spend weeks in litigation before a final winner is determined. The state has become closely divided in recent years and both Democrats and Republicans expect the results to be razor-thin.” Until just enough ballots come in to declare Democrats the winners? Check this hot take: “Given what happened after the presidential election, I wouldn’t at all be surprised to see attempts to challenge the results, especially if Democrats win,” Emory University political scientist Alan Abramowitz told the Atlanta Journal-Constitution.
“We’re already seeing questions about signature verification, challenges of new voter registration. This could all just be a glimpse of the future.” Yes, how dare people be concerned about signature verification?! Or be concerned about people falsely registering to vote in the state to influence the election? Shouldn’t everyone be concerned about those questions? From Fox5 Atlanta: “This is no run-of-the-mill runoff. The fate of the nation’s balance of power Is on the table here,” political strategist Brian Robinson said. [….] “What we have seen traditionally in Georgia that Republicans are much more reliable runoff voters than Democrats are. The republican have a pretty long string of unbroken wins in statewide runoffs,” he said. “They want to make sure Democrats don’t control every level of power in Washington. That’s a very powerful motivator. Democrats are fat and happy because they got what they want in Washington.”
“If I wasn’t governor of New York, I would have decked Trump. Period.”
• Special Counsel Is Guaranteed If Biden Picks Yates, Cuomo or Jones as AG
In recent days, President-elect Joe Biden has stated that his attorney general will not be “the president’s lawyer,” adding that he promises his “justice department will be totally on its own making its judgments about how to proceed.” And who could disagree? The attorney general is the top cop in the land, and no person, not even the president, as Richard Nixon once claimed in a famous interview with British journalist David Frost, is above the law. But Biden’s AG shortlist says quite the opposite of his declaration of AG independence. Take Sally Yates, the former federal prosecutor who has become a media darling in recent years for the same reason almost everyone else has: Her resistance efforts against President Trump while using the kind of soaring rhetoric one would expect in your average Aaron Sorkin production.
“Put simply, [Trump] treats our country like it’s his family business. This time, bankrupting our nation’s moral authority at home and abroad,” Yates said during her endorsement speech of Joe Biden at the Democratic National Convention. “But our country doesn’t belong to him. It belongs to all of us. Joe Biden embraces that. He has spent his entire life putting our country first.” “He has never backed down from a challenge or a bully,” she continued. “He summons the best in us, and lives by the values that define us as Americans, service, integrity, courage, compassion.” Yup. Yates is just the person to lead the Justice Department given that perspective and rhetoric. And we can be totally sure that if Biden asked her not to pursue any investigation of his son Hunter Biden any further than the current FBI investigation that has been ongoing for more than a year, she’ll completely resist doing so in the name of service and integrity, right?
Rhetorical question. How about Gov. Andrew Cuomo (D-N.Y.)? The 2020 Emmy winner is reportedly on Biden’s shortlist as well. “If I wasn’t governor of New York, I would have decked Trump. Period,” Cuomo told Howard Stern last month in response to a question regarding Trump calling his brother Chris “Fredo,” a reference to the hapless Godfather character. “I mean he was attacking me, he was attacking my family, he was anti-Italian.” This is the same Cuomo who said this of Trump even considering returning to his home state of New York. “He can’t have enough bodyguards to walk through New York City,” Cuomo told reporters in September in a not-so-veiled threat to a sitting president “Forget bodyguards. He better have an army if he thinks he’s going to walk down the streets in New York.”
Meanwhile, Cuomo has resisted at every turn calls for an independent investigation into his order to send COVID-positive patients back into nursing homes, resulting in the deaths of thousands. Fortunately for those looking for the truth, the Justice Department has expanded an investigation into the matter, which Cuomo calls “a political charade.” As for the whole-work-independent-of-Biden thing, Cuomo, who never met a camera he didn’t like, also spoke at the DNC in August in endorsing Biden. Yup. This is just the guy to serve as the top cop in the land.
[In Bulgaria] “..only 15% of the population will actually volunteer for a vaccine in the near future..”
• Most Europeans, Including Hospital Staff, Refuse To Take Vaccine (ZH)
All is not going according to plan in the biggest global rollout of what is arguably the most important vaccine in a century, and it is not just growing US mistrust in the covid injection effort that was rolled out in record time: an unexpected spike in allergic reactions to the Pfizer/BioNTech vaccine (and now, Moderna too) may prove catastrophic to widespread acceptance unless scientists can figure out what is causing it after the FDA’s rushed approval, and is also why as we reported yesterday, scientists are scrambling to identify the potential culprit causing the allergic reactions. Making matters worse, Europe rolled out a huge COVID-19 vaccination drive on Sunday to try to rein in the coronavirus pandemic but even more Europeans than American are sceptical about the speed at which the vaccines have been tested and approved and reluctant to have the shot.
While the European Union has secured contracts drugmakers including Pfizer, Moderna and AstraZeneca, for a total of more than two billion doses and has set a goal for all adults to be inoculated next year, this is looking increasingly like a pipe dream: according to recent surveys, the local population has expressed “high levels of hesitancy” towards inoculation in countries from France to Poland, with many used to vaccines taking decades to develop, not just months. “I don’t think there’s a vaccine in history that has been tested so quickly,” Ireneusz Sikorski, 41, said as he stepped out of a church in central Warsaw with his two children. “I am not saying vaccination shouldn’t be taking place. But I am not going to test an unverified vaccine on my children, or on myself.”
Smart: why take the risk of getting vaccinated when others will do it, resulting in the same outcome. Surveys in Poland, where distrust in public institutions runs deep, show that fewer than 40% of people planning to get vaccinated. Worse, according to Reuters on Sunday, only half the medical staff in a Warsaw hospital where the country’s first shot was administered had signed up. And if the doctors don’t trust the vaccine, one can be certain that the broader population will refuse to take it. The situation is similar in Spain, one of Europe’s hardest-hit countries, where 28-year-old singer and music composer German summarizes the skepticism of a broad range of the population, and plans to wait for now. “No one close to me has had it (COVID-19). I’m obviously not saying it doesn’t exist because lots of people have died of it, but for now I wouldn’t have it (the vaccine).”
A Christian Orthodox bishop in Bulgaria, where 45% of people have said they would not get a shot and 40% plan to wait to see if any negative side effects appear – meaning only 15% of the population will actually volunteer for a vaccine in the near future – is in the tiny minority when it comes to taking the vaccine.
“..maybe as early as this week..”? But doesn’t it take two jobs, a month apart? How can this be true?
• Vaccines To Cause COVID Rates To Drop In Nursing Homes Soon – Gottlieb (JTN)
Nursing homes likely should begin to see COVID-19 infection rates drop in coming days, the former Former Food and Drug Administration chief said Sunday. “We will begin to see some indication that the vaccines are probably having an effect maybe as early as this week, because we know that immunity does begin to kick in about a week after vaccination,” Scott Gottlieb said while appearing on CBS’s “Face the Nation.” Vaccines normally offer immunity about a week after being administered, Gottlieb said. According to that standard, he said, death rates in American nursing homes should soon go down. “That will start to have an impact on the mortality trends with COVID, but it’s coming late in the season,” he said. “Vaccinations will take about three weeks to get through all of the nursing homes,”Gottlieb said.
We badly need the discussion.
• How Cancel Culture Keeps COVID19 Lockdown Doubters Silent (NYP)
“Thank you so much for speaking out to open schools. I can’t do it myself, for obvious reasons.” “I completely agree with you about opening schools in September, but I’m afraid I’ll be targeted at my job.” These were just a few of the supportive reader comments I received over the summer and fall, as I wrote column after column urging that schools be reopened. They opened a revealing window onto the mechanics of social control in the age of COVID-19. My correspondents’ fear was obvious: Say the wrong thing online, and have your life destroyed. Cancel culture has permeated everything, including debates over how to deal with the pandemic. Schools had been open in other countries for months, and they were all reporting lower positivity rates than their surrounding communities.
My arguments were measured and evidence-based: The data were making the case for reopening schools all by themselves. Yet most of the rest of the media seemed determined to tell the story from only one perspective: that of lockdown hard-liners, not least teacher-union bosses. This paper aside, very few outlets pushed for school openings. On the left, the conversation is heavily policed, with clear red lines drawn around “unacceptable” opinion. Reopening schools was treated as “irresponsible,” even though the numbers said otherwise. It wasn’t until Oct. 9 when things began to shift. That’s when a piece headlined “Schools Aren’t Super-Spreaders” appeared in The Atlantic. The piece didn’t exactly break new ground. What mattered is that it appeared in a liberal publication. That made it OK to believe and say what even many liberal parents knew but didn’t dare voice.
Chinese banks are a murky lot. Question is does Xi want to allow them to fail?
• Chinese Banks To Feel Fundraising Pain As Investors Fear Bad Loans (R.)
Chinese banks are expected to face headwinds raising funds next year as profit-conscious investors cling to the sidelines, expecting a wave of bad loans to hammer the sector and erode already slimming margins. The sector is ending its worst annual performance in years after putting aside record provisions due to COVID-19 while Beijing urged banks to sacrifice profits to help the economy. Next year as lenders end pandemic-related loan forbearance – which let borrowers suspend repayments or pay less in interest – banks must bolster their capital against loans previously not classified as nonperforming. Big and medium-sized lenders also need to improve their capital adequacy as demanded by global and domestic watchdogs.
China’s banks raised 1.2 trillion yuan ($18 billion) in the first 11 months of the year, off the pace of 1.5 trillion yuan for all of 2019, data from Fitch Ratings shows. The 26 listed banks may need to replenish at least 1.25 trillion yuan of capital in 2021, Shenzhen-based brokerage Guosheng Securities estimates. “The pressure of capital-raising for the whole banking industry is still pretty big,” said Vivian Xue, Fitch’s director of Asia-Pacific financial institutions. “China’s largest banks will need to raise substantial capital or loss-absorbing debt over the next few years.” The four largest – Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China – face a shortfall in this loss-absorbing debt of 4.7 trillion yuan by the end of 2024 to meet requirements set by the Basel-based Financial Stability Board, according to Fitch.
China’s biggest loanshark?
• China Pushes Ant Group Overhaul In Latest Crackdown On Ma (R.)
China’s central bank disclosed on Sunday it had asked the country’s payments giant Ant Group Co Ltd to shake up its lending and other consumer finance operations, the latest blow to its billionaire founder and controlling shareholder Jack Ma. The announcement came more than a month after Chinese regulators abruptly suspended Ant’s blockbuster $37 billion initial public offering in Shanghai and Hong Kong, and only days after the country’s antitrust authorities said they had launched a probe into Ma’s e-commerce conglomerate Alibaba Group Holding Ltd. Chinese regulators and Communist Party officials have set about reining in Ma’s sprawling financial empire after he publicly criticized the country’s regulatory system in October for stifling innovation.
Regulators have urged Ant to rectify financial regulatory violations, including in its credit, insurance and wealth management businesses, and overhaul its credit rating business to protect personal information, People’s Bank of China (PBOC) Vice Governor Pan Gongsheng said on Sunday. Pan’s comments stopped short of calling for a breakup of Ant, yet pointed to a significant operational restructuring. Ant should set up a separate holding company to ensure capital adequacy and regulatory compliance, Pan said. Ant should also be fully licensed to operate its personal credit business, and be more transparent about its third-party payment transactions and not engage in unfair competition, Pan added. Ant said in a statement it would establish a “rectification” working group and fully implement regulatory requirements.
It’s a big club, and you ain’t in it.
• Brexit: Britons Warned On Travel Insurance, Roaming Charges And Exports (Sky)
Britons travelling to the European Union have been warned they face disruption and potential charges after the Brexit transition period ends on Thursday. Travellers from the UK have previously been able to rely on free healthcare with their European Health Insurance Card, and to escape roaming charges thanks to a ban on the fees throughout the bloc. But the trade deal brokered between the European Union and the UK does not allow for Britons to keep either of these advantages. The deal only says both sides must encourage mobile providers to have “transparent and reasonable rates”, while government guidance tells British travellers to check with their mobile provider to see what charges they will face.
Any British visitor to the EU will also have to make sure their passport has enough validity when they begin their journey. Cabinet minister Michael Gove acknowledged there will be “some disruption” as the nation adjusts, so he said “it is vital” to be as ready as possible. Mr Gove also warned businesses that the time left to make final preparations before the new deal comes into force “is very short”. Businesses must understand the new rules on importing and exporting goods between Great Britain and the EU, as well as rules when trading with Northern Ireland. EU officials are set to meet on Monday to discuss the Brexit trade deal agreed with the UK on Christmas Eve. If the Brexit agreement, covering £660bn of trade, can be provisionally approved by EU ambassadors, it will then move on to formal ratification by the European Parliament.
It will almost certainly be passed by the UK parliament this week, with Labour backing what it describes as a “thin” treaty, as the alternative would be a chaotic no-deal situation on 1 January. And Boris Johnson has said that, although he accepts that “the devil is in the detail” of the deal, he believes that it will stand up to inspection from sceptics such as the European Research Group of Brexiteers.
We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site.
Click at the top of the sidebars for Paypal and Patreon donations. Thank you for your support.
“Insisting on absolute safety is for people who don’t have the balls to live in the real world.”
– Mary Shafer (NASA)
Support the Automatic Earth in virustime, election time, all the time. Click at the top of the sidebars to donate with Paypal and Patreon.
Home › Forums › Debt Rattle December 28 2020