Dec 122022
 


Paul Gauguin Landscape with black pigs and a crouching Tahitian 1891

 

Musk Says Fauci Lied, People Died (RT)
Zelensky Was Ready For Neutrality In March – Col. Macgregor (RT)
How the Mainstream Media Misses the Money Quote (Antiwar)
Twitter Files: Corporate Media Ignores The Biggest Story Of The Decade (ZH)
Dupe or Designated Defendant? The Criminal Case Against Jack Dorsey (Turley)
Jack Dorsey Defiantly States He Has Never Heard Of Twitter (BBee)
4 Minutes of Undiluted Truth on Mainstream TV (Mike Whitney)
Merkel’s Ukraine Remarks Show Breach Of Trust – Serbia (RT)
China Wants To Drop Dollar In Oil Trade – Reuters (RT)
Western Price Cap Disrupting Global Oil Markets – Economist (RT)
Sanctions On Russia Are Backfiring – Former Austrian Vice-chancellor (RT)
FBI Reveals It Has More Information on Deceased DNC Staffer Seth Rich (ET)
Are We Finally Reaching Peak Climate Hysteria? (Spiked)
Dutch Gov’t Attempts To Forcibly Close 3,000 Farms For ‘Green’ Agenda (ZH)
Viagra Lowers the Risk of Alzheimer’s By Almost 70% (GR)

 

 

 

 

Back to the future?!

 

 

Douglas Macgregor: Zelensky Has Made A Terrible Mistake By Trying To Pin Missile Strikes On Russia

 

 

 

 

 

 

Twitter files on censorship of doctors, and promoting Fauci, should be explosive. If they still exist. Musk has promised them.

Musk Says Fauci Lied, People Died (RT)

The billionaire Tesla and Twitter boss, Elon Musk, has triggered a social media firestorm on Sunday after suggesting that US Covid-19 czar, Dr. Anthony Fauci, should be investigated and prosecuted for allegedly lying under oath about the funding of gain-of-function research at the Wuhan lab in China. In what initially appeared to be an ironic dig, poised to trigger an avalanche of criticism from the left, Musk also posted a meme showing the retiring White House chief medical adviser whispering “Just one more lockdown my king” in President Biden’s ear. But after Fauci’s name was propelled to the top of Twitter trends with over 600,000 mentions, Musk apparently felt forced to elaborate why he thought the controversial face of America’s response to the pandemic should be investigated.

“As for Fauci, he lied to Congress and funded gain-of-function research that killed millions of people,” Musk said in response to one critic, adding “not awesome imo.” The 81-year-old Fauci, who plans to retire by the of the month, led a disjointed US Covid-19 response marked by his flip-flopping on issues such as the efficacy of masks and herd immunity targets. Shortly after Fauci announced that he would step down as Biden’s chief medical adviser and as director of the NIH’s National Institute of Allergy and Infectious Diseases (NIAID) – Senator Rand Paul demanded that the US administration preserve documents and messages that could become evidence in the potential probe.

“Fauci’s resignation should not prevent a full-throated investigation into the origins of the pandemic. He must be required to testify under oath regarding any discussions he participated in concerning the Wuhan lab leak. His policies destroyed lives,” tweeted Paul. The senator previously accused Fauci of directing public funding to gain-of-function research at the Wuhan lab and lying about it under oath in congressional testimony, as the two sparred repeatedly in Senate hearings. Gain-of-function is the modification of pathogens to enhance them in various potential ways, including transmissibility. The rationale is that scientists can study new strains and find ways to stop them before similar adaptations emerge naturally.

The ‘lab leak’ theory – that the coronavirus leaked from a Chinese lab – was popularized by former US President Donald Trump, who made the allegation amid a trade war with China. Major US media organizations and tech platforms initially labeled it as ‘disinformation’ and tried to suppress the theory from public discourse. However, after Musk took over Twitter, the company stopped enforcing its Covid-19 “misleading information policy.”

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“Fiona Hill [..] wrote in September that an “interim settlement” had been agreed in Istanbul. In May, Ukrainian media linked the collapse of these talks to pressure imposed on Kiev by Johnson.”

Zelensky Was Ready For Neutrality In March – Col. Macgregor (RT)

Ukrainian President Vladimir Zelensky was ready in March to meet some of Moscow’s conditions for peace, retired US Army Colonel Douglas MacGregor has claimed in a recent interview. He blamed former British Prime Minister Boris Johnson for preventing a settlement. As Ukrainian and Russian delegations sat down in Istanbul in March, news surfaced of a potential deal that would have seen Kiev renounce its ambition to join NATO and agree to neutrality, in exchange for Russia’s withdrawal to pre-February battle lines. Days later, Zelensky said he had discovered evidence of war crimes in territory evacuated by Russian forces, and negotiations were called off. In an interview with military historian Michael Vlahos, published on Saturday, MacGregor claimed that the UK was responsible for the abrupt end of the peace talks.

“We have evidence that towards the end of March, Mr. Zelensky said ‘well, we could live with neutrality,’ and when that word reached Washington and London, people became incensed,” he said. “Boris Johnson represented Washington’s interests and said ‘absolutely not, we will support you to the bitter end. You must stand your ground and fight for every inch of Ukraine’.” MacGregor is not the first US official to suggest that Zelensky was ready for peace in March. Fiona Hill, a veteran US diplomat who served as the US National Security Council’s senior director for Europe and Russia in the Trump administration, wrote in September that an “interim settlement” had been agreed in Istanbul. In May, Ukrainian media linked the collapse of these talks to pressure imposed on Kiev by Johnson.

The prime minister visited Kiev on April 9, reportedly without warning, and according to the Ukrainskaya Pravda newspaper, told officials that “even if Ukraine is ready to sign some agreements on guarantees with Putin, they [the West] are not.” Now, almost ten months into the conflict, Zelensky has forbidden negotiations with Russian President Vladimir Putin, and has promised to retake all of the regions of Donetsk, Lugansk, Kherson, and Zaporozhye – which voted to join the Russian Federation in September. The Ukrainian leader has also vowed to capture Crimea, which has been a part of Russia since a 2014 referendum. Kremlin Press Secretary Dmitry Peskov has said Russia remains open to talks, but cautioned in October that Western powers must be involved, as an agreement with Ukraine alone could be “instantly canceled upon orders” from the West.

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“..there was a canyon between the leader of the US and the leader of the loyal European opposition. The canyon was so wide that it included disagreement over the causes and solutions of the war.”

How the Mainstream Media Misses the Money Quote (Antiwar)

On December 1, French President Emmanuel Macron went to Washington for the first state visit of the Biden administration. After the pageantry, presents, hand holding and flattering words of fraternity and solidarity, Macron faced the gathered press. “We will never urge Ukrainians to make a compromise that will not be acceptable for them.” “That,” said Helene Cooper of The New York Times, “is the money quote.” But it wasn’t the money quote by several euros. The money quote came days later when Macron was not standing shoulder to shoulder with Biden in front of an American audience, but standing on his own addressing a French audience.

Macron told the French television network TF1, in an interview filmed during his visit to Washington but aired as he left, that “We need to prepare what we are ready to do, how we protect our allies and member states, and how to give guarantees to Russia the day it returns to the negotiating table.” Then Macron made his full meaning clear: “One of the essential points we must address – as President Putin has always said – is the fear that NATO comes right up to its doors, and the deployment of weapons that could threaten Russia.” The money quote was that, despite the display of solidarity, there was a canyon between the leader of the US and the leader of the loyal European opposition. The canyon was so wide that it included disagreement over the causes and solutions of the war.

Biden and Macron both “strongly condemn Russia’s illegal war of aggression against Ukraine.” But for Biden, in the beginning, that war was wholly unprovoked, and, in the end, the settlement must reflect that and protect core US values. For Macron, though the war was illegal, Russia had legitimate security concerns that NATO had been pushing, and the settlement must reflect that too. Macron hinted at that crucial separation at the press conference with Biden. Even then, Macron said “We want to build peace and a sustainable peace means full respect of sovereignty and territorial integrity of Ukraine.” But then, hinting at Russia’s demand to be included in a new European security structure that takes its concerns seriously, he added, “but at the same time [it means] a new architecture to make sure we have a sustainable peace in the long run.” But that didn’t make it into the money quote.

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“Twitter was participating in a form of treason, along with the agencies that they cooperated with. It’s a huge story, and one that should lead to punishment for those involved.”

Twitter Files: Corporate Media Ignores The Biggest Story Of The Decade (ZH)

Twitter has long denied that they “shadow ban” users, but this was a lie. The data shows that small groups within Twitter called “strategic response teams” suppressed up to 200 accounts per day. Usually these were accounts of larger and more influential conservative politicians and celebrities. And, these teams operated in coordination with Democrat officials and agencies like the FBI. In some cases the goal was to mute a particular individual. In other cases the goal was to steer national elections. Internal Twitter communications show that SRT groups spent most of their time fabricating reasons why certain information was subject to TOS. In other words, if Twitter’s rules were not being violated, they made up new rules.

The exposure of Twitter is the biggest story of the decade because it provides proof of a hidden cabal. It shows the ugly mechanics behind the scenes and exposes a network of elites and their errand boys who were involved in direct operations to destroy the 1st Amendment for the sake of ideological supremacy. It’s the classic definition of fascism, a definition that Benito Mussolini reiterated when he argued: “Fascism should more properly be called corporatism because it is the merger of state and corporate power.” And, if this brand of Fascism was happening within the halls of Twitter, then there is little doubt it is also happening at companies like Google/YouTube, Apple, Facebook, etc. Before we had evidence, now we have confirmation.

The corporate media argues over relevance instead of morality because they benefited from the censorship. It’s important to remember that one of the first measures Big Tech companies applied after suppressing the alternative media during the pandemic was to then amplify the corporate media. These companies are floundering with dismal audience numbers and dwindling profits. No one listens to them anymore. Yet, as long as they promote the establishment narrative their opinions and disinformation are given priority on nearly every search engine and social media platform. Of course they aren’t interested in the Twitter Files, liars are often “bored” by honest commentary and factual information.

Also, their continued existence relies on the censorship of their competition in the alternative media. The bottom line is this: According to the Bill of Rights, it is illegal for agents of the US government to obstruct the free speech of law abiding American citizens. It does not matter if the action is done by using “private businesses” as middlemen. And, if a private business is colluding with government to implement political policy then it is no longer a private business. Twitter was participating in a form of treason, along with the agencies that they cooperated with. It’s a huge story, and one that should lead to punishment for those involved.

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“..lying in public is generally not a crime. However, when you repeat a lie to federal investigators or Congress or the courts, it becomes a federal offense.”

Dupe or Designated Defendant? The Criminal Case Against Jack Dorsey (Turley)

The latest Twitter disclosures have raised potential legal liability for Twitter and its executives. No one appears more at risk than Twitter’s former CEO Jack Dorsey It is an ironic turn of events since Dorsey supported the takeover by Elon Musk and has called for all files to be released without filtering. Dorsey has the feel of a “designated defendant,” someone who was pushed forward by others to take any legal hit. On its face, Dorsey has vulnerability after the latest release. He was repeatedly asked by members of Congress about censoring and shadow-banning, which has now been confirmed in these files. In September 2018, Dorsey testified under oath and denied what these files appear to now confirm. Rep. Mike Doyle, D., Pa., asked, “Social media is being rigged to censor conservatives. Is that true of Twitter?”

Dorsey responded, “No.” Doyle then asked “Are you censoring people?” “No,” Dorsey said. “Twitter’s shadow-banning prominent Republicans… is that true?” Doyle asked. Dorsey again said no. Dorsey was also asked about my prior testimony on private censorship in circumventing the First Amendment as a type of censorship by surrogate. Dorsey and the other CEOs were asked about my warning of a “‘little brother’ problem, a problem which private entities do for the government that which it cannot legally do for itself.” In response, Dorsey insisted that “we don’t have a censoring department.” It now appears that the entire company was operating as a censoring department. However, there were in fact super-censors.

Dorsey did not mention the Strategic Response Team-Global Escalation Team (SRT-GET), which operated above what journalist Bari Weiss described as “a level beyond official ticketing, beyond the rank-and-file moderators following the company’s policy on paper.” That group reportedly included Vijaya Gadde, head of Legal, Policy and Trust; Yoel Roth, the global head of Trust and Safety; CEOs Jack Dorsey and Parag Agrawal, and others. Notably, others at the company made similar denials as Dorsey but may not have done so under oath. In 2018, Gadde and head of product Kayvon Beykpour expressly declared, “We do not shadow-ban. And we certainly don’t shadow-ban based on political viewpoints or ideology.”

Even if untrue, lying in public is generally not a crime. However, when you repeat a lie to federal investigators or Congress or the courts, it becomes a federal offense. The question is whether Dorsey was left in the dark on these decisions. He was reportedly a member of SRT-GET. However, some of the files indicate that these decisions may have been made without his knowledge. That includes the decision on the Hunter Biden laptop scandal, which Dorsey called a “total mistake.”

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“I’m not here talking to you right now. My name is not Jack Dorsey. I vehemently deny my own existence at this time.”

Jack Dorsey Defiantly States He Has Never Heard Of Twitter (BBee)

In the aftermath of the second wave of what have come to be known as the “Twitter Files” — in which documented evidence is presented that Twitter engaged in systematic practices to suppress and “shadowban” conservative or otherwise dissenting accounts, despite previous claims to not do so — co-founder and former CEO Jack Dorsey has issued a defiant statement that he has, in fact, never heard of Twitter. “I have no comment on, and indeed, no knowledge regarding anything known as a ‘Twitter,'” Dorsey said. “Any claims to the contrary are untrue and a wholesale misrepresentation. The previous statements attributed to me regarding ‘shadowbanning,’ while made by me, were simply not made by me.”


Furor continues to grow in the wake of new Twitter owner and CEO Elon Musk authorizing the release of large amounts of internal communications and descriptions of practices under the company’s previous regime. “Twitter and its former brain trust have very serious questions to answer,” said Senator Ted Cruz in comments to the media. “Mr. Dorsey testified before Congress and denied that Twitter had engaged in such practices. The American people demand the truth.” “I never appeared before Congress,” Dorsey said in response. “I’m not here talking to you right now. My name is not Jack Dorsey. I vehemently deny my own existence at this time.” At publishing time, investigations into Dorsey’s knowledge of secret Twitter practices were ongoing, as further questions sent to Dorsey remained unanswered as he denied ever providing his previous answers to the first questions.

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“..the best ‘easy-to-understand’ summary of the Ukraine War you’ll hear anywhere..”

4 Minutes of Undiluted Truth on Mainstream TV (Mike Whitney)

The last thing you’d ever expect to hear on a mainstream news channel, is the truth. But—strange as it might seem—that’s exactly what happened on Wednesday night on the Tucker Carlson Show. Carlson interviewed veteran journalist Glenn Greenwald in a 4-minute segment that provided the best ‘easy-to-understand’ summary of the Ukraine War you’ll hear anywhere. And what was so shocking about the interview, was how casually both men veered onto topics that are essential to grasping “How we got to where we are today” but which are entirely banned on all the other cable news channels. You are not allowed to know, for example, that Russia was “lured into the conflict in Ukraine”.


That does not fit the script that has been passed-along from the Biden State Department to their lapdogs at the cable news stations. You’re also not allowed to know that the US does not fight wars “to spread democracy” or that “the US has no vital interests in Ukraine” or that “Russia is not really our enemy”. All of those topics are verboten. You’re not even allowed to think about these things, which is why– for the most part– they have been completely scrubbed from any-and-all discussion of foreign policy in the corporate media.

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The EU also faces another problem with Serbia, which wants troops in Kosovo. Germany says no way. But there is a UN resolution.

Merkel’s Ukraine Remarks Show Breach Of Trust – Serbia (RT)

Former German Chancellor Angela Merkel’s recent comments on the 2014-15 Minsk agreements have cast the Ukraine conflict in a new light, Serbian President Aleksandar Vucic said on Saturday. Merkel stated that Kiev used the ceasefire to rearm its troops. The peace deals brokered by Germany and France eight years ago laid out a path for the Donetsk and Lugansk People’s Republics’ (DPR and LPR) peaceful reintegration into Ukraine. However, they were never implemented because the government of Ukraine argued over the interpretation of the agreements. Former Ukrainian President Pyotr Poroshenko eventually admitted that Kiev mainly intended to use the ceasefire to rebuild its military and the economy. Merkel seemed to confirm this in an interview with German newspaper Die Zeit on Wednesday, saying that by signing the agreements, Ukraine won “valuable time” to muster a stronger army.

“We have witnessed a historically important statement by Angela Merkel. I am surprised and still checking whether it is possible that she has said such a thing,” Vucic told local media. “She is a woman whom I appreciate greatly, but for me this statement is almost unbelievable.” The former chancellor’s words “shed a completely new light” on the history of the conflict, Vucic said. “It cannot change the fact of who attacked whom, but changes a lot in terms of facts and relations inside what has been going on since 2014 … it is a clear sign for me that [they] cannot be trusted.” “It’s a lesson for us,” Vucic added, as his country now faces heightened tensions in Kosovo, Serbia’s breakaway region that the majority of EU and NATO members recognize as an independent state.

Russian President Vladimir Putin said on Friday that he was disappointed by Merkel’s remarks that “nobody intended to fulfill any part of the Minsk agreements.”Earlier, Putin cited Kiev’s inability to stick to the Minsk agreements as one of the reasons Moscow recognized the independence of the two Donbass republics on February 21, three days before launching its military operation in Ukraine. The DPR and LPR, along with two other former Ukrainian territories, became parts of Russia after referendums in late September.

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Oil markets are global. The yuan is not a global currency. And China won’t make it one.

China Wants To Drop Dollar In Oil Trade – Reuters (RT)

Beijing will work to make energy purchases in yuan instead of US dollar signalling another step towards shifting further away from the greenback, China’s President Xi Jinping told Gulf Arab leaders as cited by Reuters. China’s leader highlighted the necessity of the move while speaking at a Chinese-Arab summit that was hosted by Saudi Arabia earlier this week. Xi had held separate talks with the heads of the Persian Gulf states at the summit that reportedly brought together 30 leaders from across the region. The world’s biggest crude importer, China in November ramped up purchases of oil by 12% year-on-year, marking the 10-month high despite the severe pandemic-related restrictions. Chinese state refiners stepped up purchases of US crude oil, while maintaining high imports of Russian oil prior to the December 5 European embargo and imposition of an oil price cap.


China’s independent refiners also moved a record amount of deeply discounted Iranian crude passed off as oil sourced from Malaysia, which is commonly used as a transfer point for oil originating from the sanction-hit Venezuela and Iran. Saudi Arabia was China’s number one oil supplier in the first ten months of 2022, making up 18% of China’s total crude oil purchases, with imports totaling 73.54 million tons, or 1.77 million barrels per day, Chinese customs data showed. Keen interest in the yuan and other currencies from major oil importers have arisen in the wake of unprecedented sanctions introduced by Washington and the allies against Russia, one of the world’s biggest oil producers and exporters over Moscow’s military operation in Ukraine.

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“43% of EU inflation is related to energy prices, while only 17% of US inflation is due to energy prices..”

Western Price Cap Disrupting Global Oil Markets – Economist (RT)

The latest EU sanctions on Russian oil exports will fail to strip the country of its revenues, but are already causing global oil supply disruptions, a senior energy economist at CER-Centro Europa Ricerche told Sputnik news agency on Wednesday. The EU embargo took effect on Monday and was accompanied by a $60 price cap on Russian crude, supported by G7 countries and Australia. Any transactions over this limit are now barred from receiving brokerage, shipping, or insurance services. Demostenes Floros said that although the price cap has not sparked an immediate surge in oil prices, severe consequences lie ahead. The economist predicts rising demand in China, which will inevitably affect the cost of crude. He added that higher energy prices will deal a blow to the EU at a time of spiraling inflation and an unfolding recession.

Floros explained that “43% of EU inflation is related to energy prices, while only 17% of US inflation is due to energy prices and this is a very big difference between the European Union and the United States,” adding that the price cap will deepen the split within the bloc. The sanctions may also result in serious problems with contracting necessary volumes of diesel in the EU once the ban on Russian refined oil products comes into force on February 5, he warned. “I think that prices will increase, especially if other OPEC+ producers will not compensate Russian output,” the economist said, cautioning that the “politicization” of energy supplies could further destabilize a market which has not yet recovered from the Covid crisis.

EU oil sanctions on Russia are already causing setbacks. Dozens of tankers carrying 23 million barrels of crude are currently stuck in the Bosporus and Dardanelles straits, unable to pass, as Turkish authorities demand proper insurance guarantees. Most of the Black Sea crude stuck in the straits was from Kazakhstan, which is not targeted by sanctions, according to EU officials. At the same time, Russian insurance companies have already provided letters of confirmation to Turkish authorities in order to secure passage.

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“If it goes on like this, next year in March and April we will face mass insolvencies and bankruptcies..”

Sanctions On Russia Are Backfiring – Former Austrian Vice-Chancellor (RT)

Western sanctions imposed on Moscow have failed to make a dent in Russia’s economy and ultimately only hurt Europeans, former Austrian Vice-Chancellor Heinz-Christian Strache said on Saturday. He also accused European policymakers of turning a blind eye to the deadly fighting in Donbass, which he said served as a prelude to the current conflict for many years. Speaking at a pro-neutrality rally in Vienna, which was also a protest against sanctions on Russia, Strache claimed that Austria’s decision to join the restrictions had turned out to be a self-inflicted wound. “Austria has shown Europe how the sanctions are damaging itself,” he said, telling his audience that the measures have caused soaring electricity and gas prices, with more and more people feeling the impact.

“If it goes on like this, next year in March and April we will face mass insolvencies and bankruptcies,” he warned, calling the possibility “damn dangerous.” If the crisis is exacerbated and more people get desperate, “this could bring a dangerous development in the form of social tensions that we all do not want,” the former vice-chancellor added. At the same time, Strache continued, the restrictions have failed to undermine the Russian economy. According to him, “this year, the Russians have doubled [their] business,” raking in $220 billion in revenue. Strache also stated that Europe had found itself in the current situation because it had been “looking the other way” for many years when it comes to hostilities in Donbass, which started in 2014 after violent riots in Kiev overthrew the democratically-elected president, Viktor Yanukovich.

After Russia launched its military operation in Ukraine in late February, Western nations imposed new severe sanctions on Moscow, freezing half its gold and foreign currency reserves and targeting its energy exports. The restrictions, however, caused energy prices and living costs to surge, prompting numerous protest rallies across Europe. Earlier this month, hundreds of Italian activists gathered in the center of Milan to protest sending weapons to Ukraine and expanding the sanctions. In late November, Russian Foreign Ministry spokeswoman Maria Zakharova insisted that EU policymakers have only themselves to blame for their ongoing energy crunch.

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”The agent claimed that disclosure of the records would harm an FBI investigation into the allegations that Russians had hacked into U.S. systems.”

FBI Reveals It Has More Information on Deceased DNC Staffer Seth Rich (ET)

The FBI not only has possession of a laptop computer owned by slain Democratic National Committee (DNC) staffer Seth Rich, but a report detailing forensic imaging of what’s being described as Rich’s work computer, the bureau revealed in a new filing. The FBI’s records office located the report while searching for the work computer, Michael Seidel, chief of the office, said in a sworn declaration filed with a federal court in Texas on Dec. 9. He described the document as “a three (3) page forensic report detailing the actions performed by an outside entity to image the work laptop.” The report was among four documents that had never been disclosed by the FBI in relation to Rich’s case.

Journalist Sy Hersh said in or around 2017 that he was told by a source about an FBI report on Seth Rich. He said, according to the source, that Seth Rich’s computer showed the DNC staffer had relayed DNC documents to WikiLeaks, a pro-transparency group. Hersh talked about the source’s claims during a phone call with Ed Butowsky, an investor who later retracted claims about Rich being a WikiLeaks source, and discussed the call during a deposition. Rich was gunned down in the early morning hours on July 16, 2016, near his home in Washington. The killing of Rich, the DNC’s voter expansion data director, remains unsolved. Authorities have claimed that the killing was a robbery gone wrong. Julian Assange, the head of WikiLeaks, has suggested that Rich passed DNC files to the group, which released the DNC files in 2016. U.S. authorities have alleged that Russians hacked into the DNC systems, but those allegations were made before the FBI received images from the DNC’s server to determine their validity.

The Metropolitan Police Department has said it is the lead investigating agency into the death. It has declined to say whether the FBI was helping with the probe into Rich’s death. The new records were found after the records office contacted an unnamed FBI special agent during its search for Rich’s work computer, according to FBI Records Chief Seidel. The other records are a letter from a third-party that accompanied the work computer and two FBI chain of custody forms. None of the records were indexed to Rich inside of the bureau’s central records system and neither the forensic report nor the custody forms mention Rich’s name, according to the FBI. They were also not included in an electronic file created for Rich’s case. The agent claimed that disclosure of the records would harm an FBI investigation into the allegations that Russians had hacked into U.S. systems.

The FBI now wants the court to agree to keep the new records shielded from Brian Huddleston, a Texas resident who filed a lawsuit against the bureau over its ignoring a Freedom of Information request for records on Rich. Bureau officials initially claimed in sworn statements that the FBI had searched for records on Rich but did not locate any. In 2020, for the first time, the FBI admitted it had files from a computer belonging to Rich. Some of those files were then released to Huddleston and made public, including documents that appear to suggest that someone could have paid for his death. The FBI has said it has images from a second computer owned by Rich, which the bureau described as Rich’s personal laptop. A federal judge in September ordered the bureau to hand the images over to Huddleston, finding that the bureau improperly withheld them.

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No way.

Are We Finally Reaching Peak Climate Hysteria? (Spiked)

The madness of the greens is peaking. This week a leading eco-politician in the UK, Caroline Lucas of the Green Party, referred to the building of a new coalmine as a ‘crime against humanity’. Take that in. Once upon a time it was mass murder, extermination, enslavement and the forced deportation of a people that were considered crimes against humanity. Now the building of a mine in Cumbria in north-west England that will create 500 new jobs and produce 2.8million tonnes of coal a year is referred to in such terms. Perhaps the coalmine bosses should be packed off to The Hague. Maybe the men who’ll dig the coal should be forced alongside the likes of ISIS to account for their genocidal behaviour.

We cannot let Ms Lucas’s crazed comments just slide by. We need to reflect on how we arrived at a situation where a mainstream politician, one feted by the media establishment, can liken digging for coal to crimes of extermination. It was in the Guardian – where else? – that Ms Lucas made her feverish claims. On Wednesday, when the government gave the go-ahead to the Cumbria mine, the first new coalmine in Britain for 30 years, Lucas wrote that the whole thing is ‘truly terrible’. This ‘climate-busting, backward-looking coalmine’ is nothing short of a ‘climate crime against humanity’, she said.

It isn’t though, is it? Sorry to be pedantic but it is not a crime to extract coal from the earth. If it were, the leaders of China – where they produce 13million tonnes of coal a day , rather putting into perspective the Cumbria mine’s 2.8million tonnes a year – would be languishing in the clink. I look forward to Ms Lucas performing a citizen’s arrest on Xi Jinping. It certainly is not a crime against humanity. That term entered popular usage during the Nuremberg trials of the Nazis. It refers to an act of evil of such enormity that it can be seen as an assault on all of humankind. Earth to Ms Lucas: extracting coal to make steel – what the Cumbria coal will mostly be used for – is not an affront to humankind. I’ll tell you what is an affront, though: speaking about the burning of coal in the same language that is used to refer to the burning of human beings. That, Caroline, is despicable.

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I still don’t know where the focus on nitrogen came from. Wasn’t it always CO2?

Dutch Gov’t Attempts To Forcibly Close 3,000 Farms For ‘Green’ Agenda (ZH)

Dutch farmers protesting for months over the government’s radical ‘green’ plan to slash nitrogen emissions by 50% – 95% could soon face forced buyouts of their land. “For agricultural entrepreneurs, there will be a stopping scheme that will be as attractive as possible,” Christianne van der Wal, nitrogen minister, recently said in the Dutch parliament. The Dutch government plans to purchase 3,000 “peak polluter” farms via a €24.3 billion ($25.6 billion) fund. Van der Wal said farmers would be offered 100% value for their land, but if voluntary efforts fail, farmers will face forced buyouts. The country is attempting to reduce nitrogen pollution and will make farm purchases if not enough landowners accept buyouts. She added: “There is no better offer coming.”

So, how did this happen? As we explained over the summer, farmers were livid with the Dutch government for following through with their green agenda to reduce nitrogen emissions on farms. Many of these folks took to the streets with their tractors and pitchforks and demanded the government reverse course on crushing the country’s agriculture industry. The Dutch government began implementing new rules on nitrogen activity on farmers and farm buildings as early as 2019. That halted the expansion of dairy, pig, and poultry operations for the last several years, which are significant sources of nitrogen pollution. One Dutch farmer spoke with ‘Fox & Friends Weekend’ to discuss the pressure from the government and their move to close down thousands of farms.

“I don’t know what we can expect. For my own family, I hope that one of my sons can continue farming if he wants,” Dutch Farmer Geertjan Kloosterboer said. The Netherlands is trying to reduce emissions and follow through with a green agenda, but it could jeopardize the nation’s food supply and put the world’s supply at risk. Recent data shows the country, which is the size of Maryland, is the world’s second-largest exporter of agricultural products by value behind the US. Their centrality in the global food supply is indisputable, and so-called green politicians want to destroy the industry in the name of climate change. It seems like the protests aren’t going away anytime soon.

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Brain health.

Viagra Lowers the Risk of Alzheimer’s By Almost 70% (GR)

New research published recently suggests that Pfizer’s erectile dysfunction drug Viagra can decrease the risk of developing Alzheimer’s disease by up to 69%. The research, which was published in Nature, found that the medication has a direct effect on brain health and significantly reduces the toxic proteins that can cause dementia. The study’s findings are so promising that the drug may someday be used to counter dementia. A new team of experts is preparing to conduct another study that builds on this data but tests the generic version of Viagra — sildenafil — in patients suffering from early Alzheimer’s.

The team of researchers arrived at Viagra’s viability as a treatment for dementia after analyzing 1,600 approved drugs hoping to find one that could be repurposed to fight the root causes of dementia. “Sildenafil, which has been shown to significantly improve cognition and memory in preclinical models, presented as the best drug candidate. Sildenafil may have neuroprotective effects and reduce levels of toxic tau proteins,” said Dr. Feixiong Cheng, the lead researcher on the study, which was conducted by the Cleveland Clinic. Despite the excitement surrounding the study’s promising results, some experts are advising people to not get their hopes up quite yet, as clinical trials are still necessary.

Another recent study uncovered another unlikely weapon in the fight against dementia: coffee. Research suggests that coffee consumption may significantly decrease your chances of developing the disease. The study sheds light on the mysterious disease, for which there is no cure as of now. While coffee does not mitigate or fight Alzheimer’s like some medications do, the study found that people with no memory loss who also drank larger than average amounts of coffee were at less of a risk of developing mild cognitive impairment, which is considered a pre-stage of Alzheimer’s disease.

Read more …

 

 

 

 

Bout

 

 

 

 

Weaver

 

 

Blue-footed booby

 

 


Blue-footed booby (Sula nebouxii)

 

 

 

 

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Sep 202020
 


René Magritte The song of the storm 1937

 

 

I was going to make this the shortest essay I’ve ever written. “Trump Will Win Because of Energy. Period.” But wouldn’t you know, things start popping up on exactly the topic it was going to be about… The difference in energy between Donald Trump and Joe Biden should be obvious to everyone, including Biden supporters, though they will try to ignore it, as well as the role energy plays in a campaign, as it does in life in general -not just human life either-.

People recognize energy, they feel it. it’s a primal thing, directly linked to survival. It doesn’t get recognized at a rational level, but somewhere much deeper. And it’s not even so much that Trump’s energy levels are above average, for a 74-year old (though they appear to be), but that Biden’s are so far below average – or perhaps exactly what you would expect for a 77-year old, which is why so few of them are running for president of the United States, a job that I think we would all agree requires a lot of energy.

When you take out of the equation which person you like or not, when you disregard their policy proposals, and you only look at energy levels, the difference is vast. And people will catch on to this. The first debate is in 9 days, September 29, and how do you prepare Biden for that? Trump last night suggested his handlers do it by applying ‘big, fat shots in the ass’, but even that wouldn’t do it.

Trump doesn’t need to hammer this point home too hard, it will be obvious no matter what. It may even be better for him to show compassion for Biden. One of the main instructions from his team will undoubtedly be to NOT go after Joe Biden so hard it will make him stutter. Because that would make Trump look like a bully, and give Biden points on compassion from the audience.

But I doubt Trump will be able to help himself. And perhaps, at least from his point of view, he should just be and remain who he is. Because that worked four years ago. Will these be the best-watched debates in history? Quite possibly. Meanwhile, as Trump yesterday worked all day -if we are to believe the reports- and then campaigned all night in Fayetteville NC, Biden was MIA.

That by now is a pattern. As is the mysterious lack of door-to-door campaigning by the Biden team. It may not be impossible to win that way, but it certainly would be a first. And it makes the team look like they have a similar energy level to Biden himself (In another mystery, we see people talk about finding it hard to get yard signs for the Biden campaign).

That leaves you with the impression that the Biden team really has just one message: Orange Man Bad. Not: vote *for* me, but vote *against* the other guy. the racist/rapist who killed 200,000 Americans and offends “our” troops”. That in turn appears to signal that what energy there is, is negative energy. Doesn’t look like a winning formula.

But if the media, including social media, keep on pumping out that same message 24/7, who knows how many people will buy into it? After all, Twitter and Facebook et al are even more important influencers today than they were in 2016. Then again, the Trump people seemed to be much stronger on social media back then, and why would they have squandered that advantage? But then again, again, they weren’t constantly censored and banned then.

Trump last night in Fayetteville:

‘Big, Fat Shots In The Ass’: Trump Again Suggests Biden Is On Energizing Drugs

Donald Trump has mercilessly taunted Joe Biden, telling supporters that his Democratic nemesis must be taking performance-enhancing substances and should undergo a drug test. Trump reiterated previous casual accusations that Biden is too senile to be a good fit for the US president’s office while talking to a crowd of supporters in Fayetteville, North Carolina. Using his nickname for his Democratic opponent, Trump said that “Sleepy Joe” is appearing conspicuously efficient during debates and public events.

“Don’t underestimate [him], he’s been doing this for 47 years. And I got a debate coming up with this guy,” Trump said as he grinned, before suggesting that performance-enhancing substances were behind Biden’s efficiency. “You never know, they gave him a big, fat shot in the ass and he comes out,” Trump claimed as his audience laughed. “And for two hours he’s better than ever before. The problem is, what happens after that,” the Republican president added. Adding insult to the injury, Trump said offering a drug test to Biden is an option.

Remarkably, this is not the first time the 74-year-old president has accused his 77-year-old rival of being on drugs. Over a week ago, he fanned the claim while speaking to Fox. “I think there’s probably, possibly, drugs involved,” Trump told host Jeanine Pirro. “I don’t know how you can go from being so bad where you can’t even get out a sentence…” he speculated without finishing the sentence.

Trump and Biden are expected to face each other during debates in Cleveland on September 29, in Miami on October 15, and in Nashville on October 22. Their vice-presidential nominees Mike Pence and Kamala Harris will have a one-on-one in Salt Lake City on October 7.

 

 

In that same vein, there was also this from Irishman Graham Dockery on August 27:

Trump Has Called On Biden To Take A Drug Test. Why Don’t Both Old Guys Take This Idea Seriously?

Trump is 74 years old and Biden 77. If elected, Biden would be the oldest president in history, and would assume office at the same age Ronald Reagan left the White House – himself exhibiting the telltale signs of Alzheimer’s disease. If Trump wins, he’ll beat Reagan’s record by one year. Ten percent of white Americans over the age of 65 suffer from Alzheimer’s and related dementias. After 65, the risk of dementia doubles every five years. Even if Biden was speaking coherently, he would have a one-third chance of developing dementia by the end of his first term. Likewise, while Trump may appear sharp, he’s twice as likely to be losing his marbles now than he was in 2016.

Modern drugs can mask the symptoms of cognitive decline fairly well. Donepezil, Galantamine, Memantine and Rivastigmine are all used to boost memory, attention and the ability to perform simple tasks – like using a phone. Aside from these prescription medications, a candidate looking for a quick pre-debate fix could swallow some Adderall, a legal amphetamine that boosts cognition, short term memory and attention span, not to mention whatever experimental cocktails these two might have access to.

I’m not suggesting that either candidate is a chattering speed-freak. Trump’s opponents have beaten that drum before, accusing the president of railing Adderall every time he sniffs in a speech. Biden, on the other hand, looks like a man who could use an infusion from Doctor Feelgood. But it would be nice to know for sure. Most Americans would likely balk at the idea of sending a medicated husk to negotiate with allies and outwit adversaries. Let the two men competing for this position lay their cards on the table, and let the American public use this information to inform their decision.

After all, this is the leader of the free world we’re talking about, the man who, with a flick of his finger, could doom the planet to nuclear holocaust. It’s probably best if this leader remembers where he left the tapioca pudding.

 

Note that by now Trump’s advantage on energy says little about how the 2020 election will eventually be decided. It’s no longer possible for the US to NOT to sink into a deep quagmire because of mail-in ballots and the many days it may take to count them, the hundreds of lawyers that will be involved in various stages of that process -including many lawsuits-, and the Supreme Court, which will be a major election issue before November 3, and a possible/probable deciding factor sometime after that date.

Add to this that having the most votes, or even the highest numbers in the Electoral College system, no longer guarantees you a victory -because: lawyers and because: states may try to tamper with that system- and you end up with the most godawful mess ever. You would think everyone in Washington has an interest in not letting the city devolve into a circus tent where the clowns end up fighting the lions and tigers, but apparently they all have “more important” things to consider.

And all the time I’m thinking, guys, take care of your country, at least someone take care of it, you’re going to have to live in it together next year and the year after that etc.

 

 

 

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Mar 202018
 
 March 20, 2018  Posted by at 10:00 am Finance Tagged with: , , , , , , , , , ,  12 Responses »


Times Square at night 1954

 

Last Male Northern White Rhino Dies (Sky)
Alzheimer Care For Americans Alive Today Projected To Cost $47 Trillion (BBG)
The Stock Market Meltup Is Over: Morgan Stanley (MW)
It’s Not Just Tech. Credit Markets Give Fuel to Equity Rout (BBG)
How Economies Could Insure Themselves Against The Bad Times (Shiller)
US Expected To Impose Up To $60 Billion In China Tariffs By Friday (R.)
Facebook Stock Value Down $35 Billion On Cambridge Analytica Controversy (Ind.)
Former Obama Campaign Director: Facebook Was “On Our Side” (ZH)
How Facebook Made Its Data Crisis Worse (BBG)
Tech World Experiencing A Major ‘Trust Crisis’ – Futurist (CNBC)
If You Come to a Fork in the Road, Take It (Jim Kunstler)
Over 70% of US Citizens Believe America Is Controlled By A ‘Deep State’ (RT)
UK Tories Set To Slump To Record Low At Local Elections (G.)
Former French President Sarkozy In Custody Over Libya Funding Probe (F24)
Greece Undermining EU-Turkey Migrant Deal, German Report Says (K.)

 

 

Is there anything sadder in the world?

Last Male Northern White Rhino Dies (Sky)

The last male northern white rhino has died in Kenya, keepers have confirmed. The 45-year-old animal died from “age-related complications”, leaving only two females of his subspecies alive. In a statement, the Ol Pejeta Conservancy in Kenya said the rhino, called Sudan, was put down after his condition “worsened significantly” and he was unable to stand. Scientists have gathered his genetic material and are working on developing in-vitro fertilisation (IVF) to save his subspecies. In a statement, the zoo wrote: “Sudan will be remembered for his unusually memorable life. “In the 1970s, he escaped extinction of his kind in the wild when he was moved to Prague Zoo. Throughout his existence, he significantly contributed to survival of his species as he sired two females.

“Additionally, his genetic material was collected yesterday and provides a hope for future attempts at reproduction of northern white rhinos through advanced cellular technologies. “During his final years, Sudan came back to Africa and stole the heart of many with his dignity and strength.” Richard Vigne, Ol Pejeta’s CEO, said: “We on Ol Pejeta are all saddened by Sudan’s death. “He was a great ambassador for his species and will be remembered for the work he did to raise awareness globally of the plight facing not only rhinos, but also the many thousands of other species facing extinction as a result of unsustainable human activity. “One day, his demise will hopefully be seen as a seminal moment for conservationists worldwide.”

The northern white rhino population in Uganda, Sudan, Chad and Central African Republic was largely wiped out by poachers in the 1970s and 1980s, fuelled by a demand for rhino horn in traditional Chinese medicine and dagger handles in Yemen. Four fertile northern white rhinos, two male and two female, were moved from a zoo in the Czech Republic to Ol Pejeta with high hopes they would breed in an environment similar to their native habitat. Although they were seen mating, there were no successful pregnancies.

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To be fair, we’re killing our own species too. Where is the US going to find the $47 trillion?

Alzheimer Care For Americans Alive Today Projected To Cost $47 Trillion (BBG)

Alzheimer’s disease is among the most expensive illnesses in the U.S. There’s no cure, no effective treatment and no easy fix for the skyrocketing financial cost of caring for an aging population. Spending on care for people alive in the U.S. right now who will develop the affliction is projected to cost $47 trillion over the course of their lives, a report issued Tuesday by the Alzheimer’s Association found. The U.S. is projected to spend $277 billion on Alzheimer’s or other dementia care in 2018 alone, with an aging cohort of baby boomers pushing that number to $1.1 trillion by 2050. Research so far has been stymied by clinical failures. By one count, at least 190 human trials of Alzheimer’s drugs have ended in failure.

No company has successfully marketed a drug to treat it, though many big pharmaceutical companies, including Merck and Pfizer, have tried. Biogen, a company based in Cambridge, MA, saw its shares dive last month after it said it was expanding the number of participants in its trial for the drug aducanumab. However, significant cost savings can be achieved, according to the new report, by the simple act of early diagnosis. Currently, individuals are typically diagnosed in the dementia stage, rather than when they have developed only mild cognitive impairment [MCI]. Identifying the disease early can allow it to be better managed, in part with existing drugs that treat its symptoms. In doing so, the study postulates, America could save $7.9 trillion over the lifetimes of everyone alive right now.

The Alzheimer’s Association commissioned researchers at Precision Health Economics to study the potential savings of obtaining an earlier diagnosis. It used data from the Health and Retirement Study, a “nationally representative sample of adults age 50 and older,” run by the University of Michigan and supported by the National Institute on Aging and the Social Security Administration. The $7.9 trillion in savings was derived from a scenario in which all adults who develop Alzheimer’s receive an early diagnosis in the MCI stage. The cumulative cost in such a circumstance is projected at $39.2 trillion—far below the $47.1 trillion that would be spent under current diagnostic patterns.

[..] There are now an estimated 5.5 million Americans aged 65 or older with Alzheimer’s. In 2025, that number is projected to be 7.1 million. By 2050, it could reach 13.8 million. Along with the increasing costs, the report also found Alzheimer’s to be increasingly lethal. It’ss currently the sixth-leading cause of death in the U.S., and deaths attributed to it jumped by 123% between 2000 to 2015, the report found.

Read more …

What stock market?

The Stock Market Meltup Is Over: Morgan Stanley (MW)

The stock market meltup is over. At least, that’s the prognosis of one prominent Wall Street strategist who believes the torrid January rally that gave way to a correction may have been the market’s short-term apex. The S&P 500 jumped 7.5% between the end of 2017 and Jan. 26, when it notched the last in a string of record closes at 2,872.87. “We think January was the top for sentiment, if not prices, for the year. With volatility moving higher we think it will be difficult for institutional clients to gross up to or beyond the January peaks,” said Michael Wilson, chief U.S. equity strategist at Morgan Stanley Institutional Securities, in his weekly note on Monday. “Retail sentiment indicators also look to have peaked in January and we do not see anything on the horizon to get retail investors more bullish than they were following a tax cut.”

As a result, the much-anticipated meltup in stocks that numerous strategists had been forecasting since last year won’t likely happen in 2018, he said. A meltup is an unexpected rise in asset prices as investors surge into the market on fear of missing out. “When we look at our internal data combined with industry flows and sentiment, we think there is a strong case that January was the melt-up, or at least the culmination of it,” Wilson added. One key point in Wilson’s thesis is that gross leverage by Morgan Stanley’s hedge fund clients hit an all-time high in January. Gross leverage, according to the strategist, is a good measure of investor willingness to assume risk.

The record was also set right before the early February “volatility shock” forced investors to scale back their exposure to risk and Wilson does not expect gross leverage to return to January levels any time in the near future.

Going forward, Wilson expects U.S. stock returns to be mostly driven by increase in earnings estimates. “If we just roll forward the current bottom-up estimates, the forward earnings per share would be $166 and $170 by June 30 and September 30, respectively. That is approximately 3% and 5% higher than today’s $161. Not exciting, but not very bad either,” he said. “However, those numbers might need to come down if we start to see some evidence of lower margins since consensus forecasts assume no operating margin degradation. That is another reason why we think the S&P 500 makes its highs for the year this summer. It’s also a wild card that has big idiosyncratic risk at the stock level in our view.”

Read more …

The many faces of debt.

It’s Not Just Tech. Credit Markets Give Fuel to Equity Rout (BBG)

Equity investors grappling with a technology selloff, trade tensions and hawkish monetary chatter have a new foe to contend with: growing angst in credit markets. After resisting the full force of the gales that swept through markets earlier this year, corporate bonds are sending ominous messages. Traders are jumping out of the asset class as investment-grade spreads sit near their widest in six months and yields rise to the highest in more than six years – just as stock investors seek to recover from the first S&P 500 correction in two years. “If credit spreads widen, the equities with bad balance sheets will underperform,” said Louis de Fels at Raymond James Asset Management. “We’re quite cautious on the quality of the assets.”

Corporate bonds held by smart money have historically proven a leading indicator for the direction of stocks. That may spell disappointment for investors heeding Wall Street advice to shift towards equity, a late-cycle outperformer. “Credit leads equities and will underperform,” said Andrew Brenner at Natalliance Securities in New York, citing Federal Reserve hikes, signs of softer U.S. output and corporate sales of short-term U.S. debt. “We expect equities to catch up on the downside.” For now, stock investors appear sanguine. U.S. equity funds took in a record $34.5 billion in the week to March 14, compared to just $2.4 billion for bonds, according to Stanford C Bernstein. That brings the quarterly total for debt funds to $37.3 billion, the slimmest quarterly addition since the three months ending in December 2016, the data show.

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But in the end it’s just another form of debt.

How Economies Could Insure Themselves Against The Bad Times (Shiller)

The time has come for national governments around the world to start issuing their debt in a new form, linked to their countries’ resources. GDP-linked bonds, with coupons and principal that rise and fall in proportion to the issuing country’s GDP, promise to solve many fundamental problems that governments face when their countries’ economies falter. And, once GDP-linked bonds are issued by a variety of countries, investors will be attracted by the prospect of high returns when some of these countries do very well. This new debt instrument is especially exciting because of its monumental size. Although issues may start out small, they will be very important from the outset. The capitalised value of total global GDP is worth far more than the world’s stock markets and could be valued today in the quadrillions of US dollars.

[..] I have been advocating something like GDP-linked bonds for 25 years. In my 1993 book Macro Markets, I described the world’s GDPs as the “mother of all markets” and emphasised a form of debt called “perpetual claims”. But I did not work out a real plan of implementation and advocacy. [The book] ‘Sovereign GDP-Linked Bonds’ does just that. The basic idea is simple enough. Governments issue GDP-linked bonds to raise funds, just as corporations issue shares. By issuing such bonds, governments pledge to pay in proportion to the resources they have, measured by their countries’ GDP. The price-to-GDP ratio of GDP-linked bonds is essentially analogous to the price-to-earnings ratio of corporate shares. The difference is that GDP is an order of magnitude larger than corporate profits represented by the stock market.

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Well, it won’t be boring.

US Expected To Impose Up To $60 Billion In China Tariffs By Friday (R.)

The Trump administration is expected to unveil up to $60 billion in new tariffs on Chinese imports by Friday, targeting technology, telecommunications and intellectual property, two officials briefed on the matter said Monday. One business source, who has discussed the issue with the administration, said that the China tariffs may be subject to a public comment period, which would delay their effective date and allow industry groups and companies to lodge objections. This would be considerably different from the quick implementation of the steel and aluminum tariffs, which are set to go into effect on March 23, just 15 days after President Donald Trump signed the proclamations.

A delayed approach could allow time for negotiations with Beijing to try to resolve trade issues related to the administration’s “Section 301” probe into China’s intellectual property practices before tariffs take effect. The White House declined to comment Monday. China has vowed to take retaliatory measures in response. A source who had direct knowledge of the administration’s thinking told Reuters last week that the tariffs, authorized under the 1974 U.S. Trade Act, would be chiefly targeted at information technology, consumer electronics and telecoms and other products benefiting from U.S. intellectual property. But they could be much broader and hit consumer products such as clothing and footwear, with a list eventually running to 100 products, this person said.

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But Zuckerberg sold just in time.

Facebook Stock Value Down $35 Billion On Cambridge Analytica Controversy (Ind.)

Facebook stock dropped $35bn (£25bn) by close of trading on Wall Street, as the company deals with questions over its privacy rules in the wake of a scandal involving data firm Cambridge Analytica harvesting a vast repository of user information. The social media giant’s stock value declined by around 7%, paralleling losses throughout the technology industry and raising questions about the controversy inflicting lasting damage to Facebook’s bottom line. It amounted to the largest single-day%age decline for Facebook stock since 2014, with the drop outpacing broader declines across Wall Street.

The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all shed more than a percentage point in value by market’s close. Prominent tech companies like Apple, Microsoft and Alphabet all saw declines as political pressure on Facebook intensified, building on months of deepening scrutiny of the tech sector by elected officials.

Read more …

Six degrees of Facebook.

Former Obama Campaign Director: Facebook Was “On Our Side” (ZH)

The recent controversy and escalating scandal over Facebook’s decision to ban Trump-linked political data firm Cambridge Analytica over the use of data harvested through a personality app under the guise of academic research has opened a veritable Pandora’s box of scandal for the Silicon Valley social media giant. Carol Davidsen, who served as Obama’s director of integration and media analytics during his 2012 campaign (in her LinkedIn profile she says she was responsible for “The Optimizer” & “Narwhal” big data analytics platforms), claims – with evidence, that Facebook found out about a massive data-mining operation they were conducting to “suck out the whole social graph” in order to target potential voters.

After Facebook found out, they knowingly allowed them to continue doing it because they were supportive of the campaign. “[M]ore than 1 million Obama backers who signed up for the [Facebook-based app] gave the campaign permission to look at their Facebook friend lists. In an instant, the campaign had a way to see the hidden young voters. Roughly 85% of those without a listed phone number could be found in the uploaded friend lists. What’s more, Facebook offered an ideal way to reach them,” reads an article Davidsen posted as a prelude to her postings.

Read more …

I doubt that it can make it worse. We haven’t seen the beginning of it.

How Facebook Made Its Data Crisis Worse (BBG)

Facebook tried to get ahead of its latest media firestorm. Instead, it helped create one. The company knew ahead of time that on Saturday, the New York Times and The Guardian’s Observer would issue bombshell reports that the data firm that helped Donald Trump win the presidency had accessed and retained information on 50 million Facebook users without their permission. Facebook did two things to protect itself: it sent letters to the media firms laying out its legal case for why this data leak didn’t constitute a “breach.” And then it scooped the reports using their information, with a Friday blog post on why it was suspending the ad firm, Cambridge Analytica, from its site. Both moves backfired.

On Friday, Facebook said it “received reports” that Cambridge Analytica hadn’t deleted the user data, and that it needed to suspend the firm. The statement gave the impression that Facebook had looked into the matter. In fact, the company’s decisions were stemming from information in the news reports set to publish the next day, and it had not independently verified those reports, according to a person with knowledge of the matter. By trying to look proactive, Facebook ended up adding weight to the news.

On Saturday, any good will the company earned by talking about the problem first was quickly undone when reporters revealed Facebook’s behind-the-scenes legal maneuvering. “Yesterday Facebook threatened to sue us. Today we publish this,” Carole Cadwalladr, the Observer reporter, wrote as she linked her story to Twitter, in a post shared almost 15,000 times. The Guardian said it had nothing to add to her statement. The Times confirmed that it too received a letter, but said it didn’t consider the correspondence a legal threat.

Read more …

You ain’t seen nothing yet.

Tech World Experiencing A Major ‘Trust Crisis’ – Futurist (CNBC)

Big brands have to reestablish trust with consumers on data safety, futurist Chris Riddell told CNBC at Credit Suisse’s annual Asian Investment Conference on Tuesday. Riddell, who describes his job title as “fundamentally seeing how technology is changing humanity,” said the world is currently experiencing a severe “trust crisis.” “People now are more willing to share data than ever before” but the of data breaches at major companies break “trust and confidence,” he stated.

Social media platform Facebook is currently under fire amid allegations that private data firm Cambridge Analytica lied about deleting user data it had improperly obtained from a Russian-American researcher in 2015. “We’re in an era of category killers, where one organization is dominating in an industry,” Riddell said, pointing to Facebook and Google as examples. The challenge for those businesses is to rebuild trust and use technology to create transparency, he continued.

Read more …

RussiaRussiaRussia

If You Come to a Fork in the Road, Take It (Jim Kunstler)

Various readers, fans, blog commenters, Facebook trolls, and auditors twanged on me all last week about my continuing interest in the RussiaRussiaRussia hysteria, though there is no particular consensus of complaint among them — except for a general “shut up, already” motif. For the record, I’m far more interested in the hysteria itself than the Russia-meddled-in the-election case, which I consider to be hardly any case at all beyond 13 Russian Facebook trolls.

The hysteria, on the other hand, ought to be a matter of grave concern, because it appears more and more to have been engineered by America’s own intel community, its handmaidens in the Dept of Justice, and the twilight’s last gleamings of the Obama White House, and now it has shoved this country in the direction of war at a time when civilian authority over the US military looks sketchy at best. This country faces manifold other problems that are certain to reduce the national standard of living and disrupt the operations of an excessively complex and dishonest economy, and the last thing America needs is a national war-dance over trumped-up grievances with Russia.

The RussiaRussiaRussia narrative has unspooled since Christmas and is blowing back badly through the FBI, now with the firing (for cause) of Deputy Director Andrew McCabe hours short of his official retirement (and inches from the golden ring of his pension). He was axed on the recommendation of his own colleagues in the FBI’s Office of Professional Responsibility, and they may have been influenced by the as-yet-unreleased report of the FBI Inspector General, Michael Horowitz, due out shortly.

The record of misbehavior and “collusion” between the highest ranks of the FBI, the Democratic Party, the Clinton campaign, several top political law firms, and a shady cast of international blackmail peddlars is a six-lane Beltway-scale evidence trail compared to the muddy mule track of Trump “collusion” with Russia. It will be amazing if a big wad of criminal cases are not dealt out of it, even as The New York Times sticks its fingers in its ears and goes, “La-la-la-la-la….” It now appears that Mr. McCabe’s statements post-firing tend to incriminate his former boss, FBI Director James Comey — who is about to embark, embarrassingly perhaps, on a tour for his self-exculpating book, A Higher Loyalty: Truth, Lies, and Leadership.

Read more …

Going mainstream doesn’t seem to fit the deep state’s preferences.

Over 70% of US Citizens Believe America Is Controlled By A ‘Deep State’ (RT)

Over 70% of US citizens in the Republican and Democratic parties believe America is controlled by a “deep state” of unelected government officials, according to a new poll. They also fear state surveillance, it reveals.
Although most Americans interviewed are not familiar with the term ‘deep state’, when they heard the definition as a cadre of unelected government and military officials who secretly influence government policies, a majority expressed belief in its ‘probable existence’ according to the Monmouth University poll released Monday.

Additionally six in 10 of those polled think that these unelected government figures wield too much power when it comes to shaping federal policy. “We usually expect opinions on the operation of government to shift depending on which party is in charge. But there’s an ominous feeling by Democrats and Republicans alike that a ‘deep state’ of unelected operatives are pulling the levers of power,” said Patrick Murray, director of the independent Monmouth University Polling Institute.

Donald Trump has popularized the term ‘deep state’ over the course of his presidency. In January he blasted the ‘deep state’ Department of Justice for allegedly shielding a Hillary Clinton aide who used a non-secure private email account while conducting government business. The poll also highlights widespread fears of state surveillance, with 80% of Americans believing that the US government currently spies on the activities of its citizens. “This is a worrisome finding. The strength of our government relies on public faith in protecting our freedoms, which is not particularly robust. And it’s not a Democratic or Republican issue. These concerns span the political spectrum,” Murray added.

Read more …

When incompetence shines through. They’re pitching anti-Corbyn attack ads on…Facebook.

UK Tories Set To Slump To Record Low At Local Elections (G.)

Conservative party support in London looks set to slump to a record low at the local elections on 3 May as the young, ethnically diverse electorate turns to Labour in increasing numbers. Projections from the Tory peer and psephologist Robert Hayward indicate the Conservatives will lose about 100 council seats. If they lose more than 93 – less than three seats in each of London’s boroughs – the Tories would fall below their previous low of 511 councillors in the capital. That came in 1994, just after the pound had fallen out of the exchange rate mechanism and Labour had begun the recovery that led to its 1997 general election landslide. “I’d be surprised if the Tories did not have an all-time low number of councillors,” Hayward said.

“Labour were very successful in London in the general election last year and I’d expect that to continue in 2018.” The Tories could even lose their two flagship boroughs of Wandsworth, which has been in Conservative control since 1978, and Westminster, which has been Tory since the last local government reorganisation in 1964. More likely, Barnet in north London might go Labour and the Liberal Democrats could triumph in Kingston in south-west London where they are also targeting the neighbouring council, Richmond. The most spectacular reverse would be the loss of Kensington and Chelsea, the Conservative heartland won by Labour with the narrowest of margins at last year’s general election, where the Tory council has come under fire for its mishandling of the Grenfell Tower fire.

Read more …

He took the money and then killed him.

Former French President Sarkozy In Custody Over Libya Funding Probe (F24)

Former French president Nicolas Sarkozy has been called in for questioning by investigators looking into suspected Libyan financing of his 2007 election campaign, an official in the French judiciary said Tuesday. Libyan officials from the Gaddafi era have claimed they helped finance Sarkozy’s election campaign. An investigation into the case has been underway since 2013. It is the first time Sarkozy has been questioned in the inquiry. The hearing comes several weeks after a former associate, Alexandre Djouhri, was arrested in London as part of the investigation and later released on bail. Investigators are examining claims that Gaddafi’s regime secretly gave Sarkozy €50 million overall for the 2007 campaign. Such a sum would be more than double the legal campaign funding limit at the time of €21 million.

In November 2016, French-Lebanese businessman Ziad Takieddine said he delivered three suitcases from Libya, containing five million euros in cash, to Sarkozy and his former chief of staff and campaign director, Claude Guéant, between 2006 and 2007. Sarkozy, who was president from 2007 to 2012, has always denied the allegations. A lawyer for the former French president could not be reached immediately for comment on Tuesday. Sarkozy had a complex relationship with Gaddafi. Soon after his election to the presidency, Sarkozy invited the Libyan leader to France for a state visit and welcomed him with high honors. But Sarkozy then put France in the forefront of NATO-led airstrikes against Gaddafi’s troops that helped rebel fighters topple his regime in 2011.

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In other news: war is peace.

Greece Undermining EU-Turkey Migrant Deal, German Report Says (K.)

Data published by the German newspaper Die Welt suggest that Greece has been undermining the European Union-Turkey deal signed two years ago to stem the flow of refugees and migrants to the continent. Citing unnamed officials in Berlin, Brussels and the EU’s border agency Frontex, the report alleges that the Greek government has moved a large number of asylum seekers from the Aegean islands to the mainland, effectively preventing their return to Turkey. The message is that any asylum seeker who manages to land on one of the Greek islands, he can then move on to central Europe, officials told the newspaper.

According to EU figures cited by the newspaper, between March 2016 and January 2018, 62,190 asylum seekers landed on the Aegean islands, of whom 27,635, or 45%, were subsequently transferred to mainland Greece. German officials told the newspaper that only a very small number of people whose asylum request had been turned down by authorities had been returned to Turkey. Greece, the same officials said, is effectively creating an incentive for migrants hoping to enter the continent which could lead to a spike in arrivals.

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