Jul 072020
 


Unknown No Dog Biscuits Today 1939

 

China’s Yuan Policy Has Made Hong Kong Redundant (Nikkei)
China Shares Rally, Asian Stocks Take A Breather (R.)
New Security Law Starts To Break Down Hong Kong’s Pro-Democracy Economy (R.)
TikTok Says It Will Exit Hong Kong Market Within Days (R.)
China Slams US As It Joins Global Arms Trade Treaty At UN (R.)
US Restrictions Drove Deutsche Telekom And Huawei Closer Together (Pol.eu)
US To Force Out Foreign Students Taking Classes Fully Online (R.)
South Korean COVID-19 patient Recovering After Double Lung Transplant (R.)
Hospitalizations Jump 50% In California As Coronavirus Infections Soar (R.)
Six Week Lockdown For Melbourne As Record 191 New Cases Reported (Conv.)
Brazil’s Bolsonaro Says Lungs ‘Clean’ After Coronavirus Test (R.)
US Supreme Court Curbs ‘Faithless Electors’ In Presidential Voting (R.)
California Short on Firefighters as Prison “Slaves” Under Lockdown (MPN)
Assange Lawyer Named French Justice Minister (AAP)

 

 

And all of a sudden (well, not that sudden) there’s so much stuff about China. I started off today reading an article in Nikkei entitled “China’s Yuan Policy Has Made Hong Kong Redundant”, and I thought: that is absolute nonsense. The idea seems to be that Shanghai would take Hong Kong’s place, as the renminbi (yuan) turns into a global currency.

That’s just wishful thinking. Or maybe a reaction to America’s new attitude towards China. The main sticking point for Beijing is a conundrum it cannot solve. The CCP wants to have BOTH a global currency AND total control over that currency. It will have to choose between the two, and cannot make up its mind. So it pretends it does’t have to choose.

Sure, there has been some advancement for the yuan, but I bet most of that is on the back of the Belt and Road (BRI), and that will turn out to be one of the main victims of the coronavirus. The BRI is China’s very clever way of exporting its overproduction, but potential buyers have other things on their mind today.

Meanwhile, even with that, the yuan is used in only 1.8% of cross-currency payments. So the claim that the yuan is used in 30% of China’s trade needs to be taken with a huge salt shaker.

And yes, it may be true that the yuan is now the sixth most used currency in international payments, but that’s only because there is no competition for the USD, and what competition does exist come from the euro.

The sudden, and rushed, take-over of Hong Kong with the new security law will not help China’s plans to be accepted internationally. US big tech is withdrawing, and even some Chinese tech is moving away.

The world’s large investors will not put their money into something that Xi Jinping can declare devalued by 50% on a rainy morning when he sees fit. He will have to cede that kind of control.

And reading through all this, why am I getting the feeling that China does not feel well, that its leaders perhaps have fallen victim to bouts of insecurity?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“You can tell someone’s case for the mythical global yuan is not serious when they write “the yuan is now the sixth most used currency in international payments” rather than “the yuan accounts for about 1.8% of cross-currency payments..”

China’s Yuan Policy Has Made Hong Kong Redundant (Nikkei)

Many have claimed that the national security law China has imposed on Hong Kong will be the death of the city, stifling free speech and driving away businesses. But 10 years ago, China made Hong Kong part of a plan which, even more certainly than the national security law, is rendering the city redundant. For years, Hong Kong has been the entrepot for China’s trade in the region — it accounts for 6.3% of China’s total trade — and a leading international financial center. It has provided the infrastructure for the West to invest in mainland China: about two-thirds of foreign direct investment into and from there goes through Hong Kong.

In 2010, China made Hong Kong a critical component of its policy aimed at developing the yuan as an international currency that non-Chinese residents could hold as an asset or use to pay for international transactions. Before 2010, the yuan had almost no international use or circulation, with less than 1% of China’s trade settled in it. The Chinese monetary authorities had to balance the need to have an international currency and the risk of allowing capital to flow freely in and out of the domestic market. In principle, international currencies need to be fully convertible, but for China this was not a viable route.

Hong Kong’s “one country, two systems” principle provided the solution to China’s conundrum and has been pivotal to the emergence of yuan-led finance, underpinning rising demand and facilitating the yuan business. Hong Kong’s judicial institutions, independent from mainland China, were at the heart of its role as a bridge between the Chinese planned economy and the Western market economy. The move worked, and although the international use of the Chinese currency remains limited, it has undergone significant growth. The yuan is now the sixth most used currency in international payments and is used for settling approximately 30% of China’s trade. Yuan-denominated financial instruments are used more in projects that are part of China’s Belt and Road Initiative.

Yuan activities now account for a large chunk of Hong Kong’s trading as an international financial center, according to estimates by market participants. But rather than making Hong Kong stronger, this increases its dependence on Beijing — and hence its vulnerability. By becoming part of the yuan strategy, a policy-led initiative where Chinese policy makers set the pace and guide the market, Hong Kong has been following Beijing’s lead. A bigger, but related, problem for Hong Kong is that by strengthening the yuan trade, it is also strengthening one of its mainland rivals and making itself less important. Around the time it launched its yuan policy, China also put in place a plan to develop Shanghai as its top international financial center by 2020. According to the latest Global Financial Centres Index, Hong Kong at sixth now ranks lower than Shanghai at fourth. Ten years ago Hong Kong was the most important financial center in Asia and in third place globally after London and New York, while Shanghai ranked 11th.

Read more …

Just yesterday, Beijing talked about “fostering a healthy bull market”. And what the Fed can do, the PBOC can too. Buy buy buy.

China Shares Rally, Asian Stocks Take A Breather (R.)

The Chinese share market extended its positive run on Tuesday, in line with the mainland government’s push for a stronger market, while the rest of the region turned cautious on equities. MSCI’s broadest index of Asia-Pacific shares outside Japan see-sawed during the local session and was down 0.2%, after it briefly traded in positive territory. The negative performance on Tuesday came after the index rose 7% which took it to a 4-1/2 month high in the past five trading sessions. Japan’s Nikkei gave up 0.7% while U.S. stock futures shed 0.25% in Asia after hefty gains on Monday in the wake of surging Chinese shares.

In China, Shanghai’s blue chip CSI300 index and Shenzhen shares, which had gained more than 13% in the past five sessions, rose a further 1.5%, led by rises in the tech sector. Ample Finance Group director Alex Wong said while Chinese market sentiment was positive, investors remained cautious to the risk of that being short-lived. “The mood is still quite strong…and I think people will be willing to hold on for a while as we absorb some of the positive news in the world,” Wong told Reuters in Hong Kong. Analysts said jawboning by the Chinese government through a state-sponsored journal on the importance of “fostering a healthy bull market” published on Monday had spurred the buying binge in mainland Chinese shares.

The current China rally has echoes of the past, especially during 2007 and in the buying binge that followed the crash in 2015 that was largely driven by Chinese retail investors. “Shades of John F. Kennedy’s ‘Ask not what your country can do for you’ inauguration speech here and as close as you might get to a Chinese government ‘put’ as anything the Fed has done to date vis-à-vis the U.S. stock (and credit) markets,” said Ray Attrill, head of FX strategy at NAB, in a research note.

Read more …

The rich can leave if they want to. The rest cannot.

New Security Law Starts To Break Down Hong Kong’s Pro-Democracy Economy (R.)

As soon as Hong Kong’s new national security law came into force last week, Ivan Ng removed all the protest-themed paintings, posters and flags from the list of items for sale at his Onestep Printing shop. Sandra Leung at Wefund.hk, which sells protest-themed artwork and accessories, said she has suspended sales of protective gear worn by protesters, flags with the slogan “Liberate Hong Kong,” and other items carrying popular chants. Jeffrey Cheong, owner of Hair Guys Salon, said he closed his shop down for a few days last week to remove pro-democracy decorations. Ng, Leung and Cheong are three of the 4,500 or so small businesses in Hong Kong’s “yellow economy,” which supports pro-democracy protesters and vice versa. That circle of support is showing signs of weakening in the face of the new law.

“We took down all the protest-related products right after the law was implemented, because the law doesn’t have very clear boundaries of (what constitutes) subversion,” Ng said. In the past week, he said his overall sales are down as much as 80%. Leung said she had withdrawn items for sale she described as “sensitive,” such as gas masks used by protesters and items with anti-police slogans. The new law prohibits what China describes broadly as secession, subversion, terrorism and collusion with foreign forces, with up to life in prison for offenders. It came into force late last Tuesday, about an hour before the 23rd anniversary of China taking back control of the former British colony.

The Hong Kong government went further on Friday, declaring the popular protest slogan “Liberate Hong Kong! Revolution of our times” illegal. Public libraries have started to review books written by pro-democracy activists to see whether they violate the new law. Hong Kong and Beijing authorities insist the city retains a “high degree of autonomy” but critics say the law effectively brings Hong Kong under the control of China’s Communist Party and violates China’s promise to safeguard Hong Kong’s freedom for 50 years after the 1997 handover. Some businesses told local media they had been visited by the police who warned them that pro-democracy decorations were against the new law.

Read more …

Which side of The Great Firewall do you want to be on?

TikTok Says It Will Exit Hong Kong Market Within Days (R.)

TikTok will exit the Hong Kong market within days, a spokesman told Reuters late on Monday, as other technology companies including Facebook suspend processing government requests for user data in the region. The short form video app owned by China-based ByteDance has made the decision to exit the region following China’s establishment of a sweeping new national security law for the semi-autonomous city. “In light of recent events, we’ve decided to stop operations of the TikTok app in Hong Kong,” a TikTok spokesman said in response to a Reuters question about its commitment to the market. The company, now run by former Walt Disney Co executive Kevin Mayer, has said in the past that the app’s user data is not stored in China.


TikTok has also said previously that it would not comply with any requests made by the Chinese government to censor content or for access to TikTok’s user data, nor has it ever been asked to do so. The Hong Kong region is a small, loss-making market for the company, one source familiar with the matter said. Last August, TikTok reported it had attracted 150,000 users in Hong Kong. Globally, TikTok has been downloaded more than 2 billion times through the Apple and Google app stores after the first quarter this year, according to analytics firm Sensor Tower. The source said the move was made because it was not clear if Hong Kong would now fall entirely under Beijing’s jurisdiction in light of the new law.

Read more …

Easy pickings.

China Slams US As It Joins Global Arms Trade Treaty At UN (R.)

China on Monday joined a global arms trade treaty spurned by the United States, taking a swipe at U.S. President Donald Trump’s administration by accusing it of bullying, unilateralism and undermining efforts to combat global challenges. China’s U.N. ambassador, Zhang Jun, said he had deposited China’s instrument of accession to the treaty, which regulates a $70 billion global cross-border trade in conventional arms and seeks to keep weapons out of the hands of human rights abusers. China, which announced its plans in September, becomes the 107th party to the pact, approved by the U.N. General Assembly in 2013. Then-U.S. President Barack Obama signed it, but it was opposed by the National Rifle Association and never ratified by the U.S. Senate.


Trump said in April last year that he intended to revoke the status of the United States as a signatory. In July 2019, the United States told U.N. Secretary-General Antonio Guterres that Washington did not intend to become a party to the treaty and that it had no legal obligations from its 2013 signature. Without naming the United States, but amid escalating tensions between Beijing and Washington, Zhang said in a statement that a “certain country … walked away from international commitments, and launched acts of unilateralism and bullying.” [..] China was the fifth-largest global arms exporter between 2014 and 2018, according to the Stockholm International Peace Research Institute, although China itself does not publish figures for how many arms it exports.

Read more …

A comment on Twitter about an article in German in Handelsblatt:

”Deutsche Telekom has doubled down on Huawei even as concerns rose, including discussions w/Chinese firm about how to get around US sanctions & “tactical” announcements to get T-Mobile/Sprint deal in US approved..”

US Restrictions Drove Deutsche Telekom And Huawei Closer Together (Pol.eu)

Global telecoms giant Deutsche Telekom strengthened its strategic partnership with Huawei last year despite growing defiance toward the dominant Chinese 5G vendor, documents reviewed by POLITICO show. The internal company records describe how Deutsche Telekom and Huawei agreed on a deal in mid-2019 that said the Chinese supplier would take measures to avoid supply chain disruption caused by U.S. measures, as well as cover the costs of potential damages and delays. The deal was struck just weeks before the U.S. administration imposed restrictions on businesses dealing with the Chinese firm in May 2019 — a milestone for Washington’s efforts to push back against Huawei’s dominance on 5G equipment.

It laid the groundwork for a partnership between the two companies for the early rollout of 5G networks in Europe, despite national lawmakers’ efforts in key markets like Germany, the Netherlands and Poland to reduce the use of Chinese equipment. In the months after the deal, the companies underlined mutual commitments to treat each other in preferential ways. Deutsche Telekom executives described Huawei repeatedly as a “strategic partner” that is “key for our 5G plans,” according to the internal documents. On Huawei’s end, Deutsche Telekom was described as a “preferred customer” for its 5G equipment. Deutsche Telekom has repeatedly declined in the past to disclose how much of its networks consist of Huawei equipment.

But in its internal communication, it has likened the scenario of not being able to use Huawei in its broader 5G rollout to “armageddon,” a recent report in German paper Handelsblatt showed. [..] At the core of the mutual agreement is a commitment by Huawei to shoulder the burdens and costs of the U.S. restrictions that have bogged down the Chinese vendor in the past year. “This pledge by Huawei to pay for any disruption adds to that incentive to stick with Huawei,” said Thorsten Benner, director of the Berlin-based Global Public Policy Institute, calling it a “care-free package” offered to Deutsche Telekom.

Read more …

Targeting China once more?!

US To Force Out Foreign Students Taking Classes Fully Online (R.)

Foreign students must leave the United States if their school’s classes this fall will be taught completely online or transfer to another school with in-person instruction, the U.S. Immigration and Customs Enforcement (ICE) agency announced on Monday. It was not immediately clear how many student visa holders would be affected by the move, but foreign students are a key source of revenue for many U.S. universities as they often pay full tuition. ICE said it would not allow holders of student visas to remain in the country if their school was fully online for the fall. Those students must transfer or leave the country, or they potentially face deportation proceedings, according to the announcement.


Colleges and universities have begun to announce plans for the fall 2020 semester amid the continued coronavirus pandemic. Harvard University on Monday announced it would conduct course instruction online for the 2020-2021 academic year. The ICE guidance applies to holders of F-1 and M-1 visas, which are for academic and vocational students. The State Department issued 388,839 F visas and 9,518 M visas in fiscal 2019, according to the agency’s data. The guidance does not affect students taking classes in person. It also does not affect F-1 students taking a partial online course-load, as long as their university certifies the student’s instruction is not completely digital. M-1 vocational program students and F-1 English language training program students will not be allowed to take any classes online.

Read more …

Pretty amazing story. But scary too.

South Korean COVID-19 patient Recovering After Double Lung Transplant (R.)

After a record 112 days on a specialised life-support system, a South Korean COVID-19 patient is recovering from double lung transplant surgery, doctors say, in only the ninth such procedure worldwide since the coronavirus outbreak began. The 50-year-old woman was diagnosed with the disease and hospitalised in late February and then spent 16 weeks on extracorporeal membrane oxygenation (ECMO) support, which involves circulating a patient’s blood through a machine that adds oxygen to red blood cells. That’s the longest that any COVID-19 patient in the world has spent on ECMO support, her doctors said.

Various drugs such as the anti-malarial hydroxychloroquine, the HIV treatment Kaletra and steroids failed to stop her pulmonary fibrosis – scarring in the lungs – from worsening, said Dr Park Sung-hoon, professor of pulmonary and critical care medicine at Hallym University Sacred Heart Hospital. That left few options other than a lung transplant. “The probability of success in lung transplants on ECMO patients is 50%, and fortunately, our patient was well prepared before the surgery when we found the donor,” said Dr Kim Hyoung-soo, director of the hospital’s ECMO programme, who was in charge of the surgery.

The patient declined to be identified or interviewed. The doctors who conducted the eight-hour surgery described her destroyed lungs as hard like rock. She had an acute respiratory distress syndrome (ARDS) when she came to hospital, Park said, and could not live without the ECMO machine’s help. ECMO is typically used on patients who need more help than ventilators can provide, and who are considered to have a 90% chance of dying. Half of patients recover in two to three weeks on ECMO, and a lung transplant is considered for those who don’t, Kim said.

Read more …

Stay home.

Hospitalizations Jump 50% In California As Coronavirus Infections Soar (R.)

New coronavirus cases soared in California over the July Fourth weekend, stressing some hospital systems and leading to the temporary closure of the state capitol building in Sacramento for deep cleaning, officials said on Monday. The number of people hospitalized with COVID-19 has increased by 50% over the past two weeks to about 5,800, Governor Gavin Newsom said at a briefing. About a third of those hospitalized were in Los Angeles County, state and local records showed, with about 630 confirmed and suspected coronavirus patients requiring intensive care. And 25% of the hospitalizations in the county in July were among patients aged 18 to 40, health officials said, as new cases increasingly hit a younger population that may have been lax about safety precautions in recent weeks.


Farther north, nearly 1,400 inmates at San Quentin State Prison have been sickened by the virus, putting pressure on hospitals in Marin County, where the facility is located, Newsom said. All told, 271,684 Californians have tested positive for the virus, including 11,529 in the past 24 hours, state records show. About 6,300 have died. Determined to slow the spread of the disease over the holiday weekend, state alcohol regulators visited nearly 6,000 bars and restaurants to make sure they were complying with new rules banning indoor dining and closing bars that do not serve food, Newsom said.

Read more …

Turns out the 2nd wave concerns lockdowns.

Six Week Lockdown For Melbourne As Record 191 New Cases Reported (Conv.)

The Victorian government will lock down all metropolitan Melbourne for six weeks from Wednesday night, as a new wave of the coronavirus takes hold in the city. The lockdown will also cover the Mitchell Shire, north of Melbourne, which includes the towns of Broadford, Seymour, Kilmore, Tallarook, Pyalong and Wallan. Under the restrictions, people will only be able to leave their home to shop for essential goods and services, for care and compassionate reasons, exercise, and for work and study if it cannot be conducted from home. The dramatic action comes as the Victoria-NSW border closes on Tuesday night, amid some chaos in Albury-Wodonga, and follows the lockdown of suburbs in 12 Melbourne postcode areas, and the “lock in” of 3,000 residents in nine community housing towers.

Read more …

Brazilian media reports he tested positive.

Brazil’s Bolsonaro Says Lungs ‘Clean’ After Coronavirus Test (R.)

Brazilian President Jair Bolsonaro said on Monday he had undergone another test for the novel coronavirus and his lungs were “clean,” after local media reported he had symptoms associated with the COVID-19 respiratory disease. Bolsonaro has repeatedly played down the impact of the virus, even as Brazil has suffered one of the world’s worst outbreaks, with more than 1.6 million confirmed cases and 65,000 related deaths, according to official data on Monday. CNN Brasil and newspaper Estado de S.Paulo reported that he had symptoms of the disease, such as a fever. Bolsonaro told supporters outside the presidential palace that he had just visited the hospital and been tested.


“I can’t get very close,” he said in comments recorded by Foco do Brasil, a pro-government YouTube channel. “I came from the hospital. I underwent a lung scan. The lung’s clean.” The president’s office said in a statement that the president is at his home and is “in good health.” [..] Over the weekend, Bolsonaro attended several events and was in close contact with the U.S. ambassador to Brazil during July 4 celebrations. The U.S. embassy in Brasilia said via Twitter that Todd Chapman, the ambassador, had lunch on July 4 with Bolsonaro, five ministers and Bolsonaro’s son, Eduardo, who is a federal congressman. The ambassador has no symptoms, but will undergo testing and is “taking precautions,” the embassy said.

Read more …

The Electoral College still exists because some people think it’s in their advantage.

US Supreme Court Curbs ‘Faithless Electors’ In Presidential Voting (R.)

The U.S. Supreme Court on Monday refused to free “faithless electors” in the complex Electoral College system that decides the outcome of presidential elections from state laws that force them to support the candidate who wins the state’s popular vote. The justices unanimously rejected the idea that electors, who act on behalf of a state in the Electoral College vote that occurs weeks after voters go the polls, can exercise discretion in the candidate they back. The decision erased a potential complicating factor in the Electoral College as President Donald Trump seeks re-election on Nov. 3 against Democratic challenger Joe Biden. The court sided with Washington state and Colorado, which had imposed penalties on several “faithless electors” – so named because they defied pledges in 2016 to vote for the winner of their states’ popular vote, Democrat Hillary Clinton.


Washington state Attorney General Bob Ferguson said the ruling “reaffirmed the fundamental principle that the vote of the people should matter in choosing the president.” State officials have said faithless electors threaten the integrity of American democracy by subverting the will of the electorate and opening the door to corruption. The plaintiffs had argued that the Constitution requires them to exercise independent judgment to prevent unfit candidates from taking office. “The Constitution’s text and the nation’s history both support allowing a state to enforce an elector’s pledge to support his party’s nominee – and the state voters’ choice – for President,” liberal Justice Elena Kagan wrote on behalf of the court.

Read more …

Only in America.

California Short on Firefighters as Prison “Slaves” Under Lockdown (MPN)

It is the height of California’s dangerous forest fire season. But despite blazes currently raging, the state’s fire department is dangerously understaffed. That is because many firefighters today are not the burly full time professionals of another era, but underpaid convict laborers risking their lives for pennies. Almost 40 percent of California’s firefighters are prisoners. But the state’s penitentiaries are themselves ablaze with COVID-19 outbreaks, leading to widespread lockdowns in what has become a routine for American’s dealing with competing crises. Jails have been among the deadliest hotspots for transmission of the coronavirus. At the notorious San Quentin State Prison just north of San Francisco, there are nearly 1,400 active cases.

Meanwhile, the state has announced the deaths from COVID-19 of 16 inmates at the California Institute for Men in Chino, San Bernardino County. In response to the crisis, prison authorities have enacted strict lockdowns, including at CCC Susanville, the home of the wildfire training program, where there are 224 confirmed active cases of the virus. This is severely hampering the fight against wildfires. Approximately 3,100 inmates work with the fire department tackling blazes, around 2,200 in the front line, and 900 in support roles. Only those with the least serious convictions are considered. Prisoners are paid between $2.90 and $5.12 per day (less than the average income of a sweatshop laborer in Nicaragua), plus $1 per hour of hazard pay during active emergency situations like the deadly fires that engulfed the state late last year.

They work alongside full-time firefighters making an average of $91,000 per year before overtime pay and bonuses but tend to do the harder, less desirable, or more dangerous tasks, leading to multiple deaths in recent years. This has led to widespread condemnation of the practice as akin to “modern slavery,” especially because inmates are effectively barred from even applying to the fire department once their sentences are over. In order to become a firefighter, an emergency medical technician license is required, something that is all but impossible to achieve with a criminal record. Despite this, prisoners still “volunteer” as the work is far more fulfilling than the alternative: more time locked up.

Read more …

“Eric Dupond-Moretti has been appointed as French Justice Minister. Earlier this year, he launched a campaign to grant the Australian asylum in France.”

Assange Lawyer Named French Justice Minister (AAP)

WikiLeaks founder Julian Assange’s lawyer Eric Dupond-Moretti has been appointed as France’s new justice minister. Dupond-Moretti, a prominent criminal defence lawyer, was elevated to the ministry by incoming Prime Minister Jean Castex on Monday. The 55-year-old is known for a his record number of acquittals and led a push by European lawyers for French President Emmanuel Macron to grant asylum to Assange in February. “We consider the situation is sufficiently serious that our duty is to talk about it,” Dupond-Moretti said about Assange’s case at the time.


The Frenchman has said the case against the Australian is unfair, citing Assange’s poor health and alleged violations of his rights while in jail in London Dupond-Moretti’s team also warned of “consequences for all journalists” if Assange is extradited and jailed in the US. French members of Assange’s legal team said they had been working on a “concrete demand” for Macron to grant Assange asylum in France, where he has children. It’s unclear whether Dupond-Moretti will now use his position to grant the Australian asylum.

Read more …

 

 

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Jul 062020
 


Dorothea Lange White Angel Breadline San Francisco 1933

 

100s Of Scientists Say Coronavirus Airborne, Ask For WHO Review (R.)
Australia Closes State Border For First Time In 100 Years (R.)
Time For China To Decouple The Yuan From US Dollar (SCMP)
Susan Rice Sees Stock Rise In Biden VP Race (Hill)
Susan Rice: Trump Picks Putin Over US Troops (Hill)
Schiff Learned Of Russian ‘Bounty’ Intel In February, Took No Action (Fed.)
Barr’s Team Startled In ‘First Chance’ To Assess Mueller Investigation (WE)
Nomi Prins: “We’re Living In A Permanent Distortion” (USAW)
Only Bold State Intervention Can Block A Future Owned By Corporate Giants (G.)
Prosecutors Seek Friday Court Appearance For Ghislaine Maxwell (R.)
Ohio Town Proclaims Itself A ‘Statue Sanctuary City’ (JTN)

 

 

New daily numbers are almost quiet. But now the weekend’s mostly over.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I had this yesterday via the Brussels Times, but now the NYT has picked it up. Much bigger news.

100s Of Scientists Say Coronavirus Airborne, Ask For WHO Review (R.)

Hundreds of scientists say there is evidence that the novel coronavirus in smaller particles in the air can infect people and are calling for the World Health Organization to revise recommendations, the New York Times reported on Saturday. The WHO has said the coronavirus disease spreads primarily from person to person through small droplets from the nose or mouth, which are expelled when a person with COVID-19 coughs, sneezes or speaks. In an open letter to the agency, which the researchers plan to publish in a scientific journal next week, 239 scientists in 32 countries outlined the evidence showing smaller particles can infect people, the NYT said. “We are aware of the article and are reviewing its contents with our technical experts,” WHO spokesman Tarik Jasarevic said in an email reply to a Reuters request for comment.


Whether carried by large droplets that zoom through the air after a sneeze, or by much smaller exhaled droplets that may glide the length of a room, the coronavirus is borne through air and can infect people when inhaled, the scientists said, according to the NYT. However, the health agency said the evidence for the virus being airborne was not convincing, according to the NYT. “Especially in the last couple of months, we have been stating several times that we consider airborne transmission as possible but certainly not supported by solid or even clear evidence,” Dr. Benedetta Allegranzi, the WHO’s technical lead of infection prevention and control, was quoted as saying by the NYT.

Read more …

Drones to track down people trying to swim across.

Australia Closes State Border For First Time In 100 Years (R.)

The border between Australia’s two most populous states will close from Tuesday for an indefinite period as authorities scramble to contain an outbreak of the coronavirus in the city of Melbourne. The decision announced on Monday marks the first time the border between Victoria and New South Wales has been shut in 100 years. Officials last blocked movement between the two states in 1919 during the Spanish flu pandemic. “It is the smart call, the right call at this time, given the significant challenges we face in containing this virus,” Victoria Premier Daniel Andrews told reporters in Melbourne. The move will, however, likely be a blow to Australia’s economic recovery as it heads into its first recession in nearly three decades.


The number of COVID-19 cases in the Victorian capital of Melbourne has surged in recent days, prompting authorities to enforce strict social-distancing orders in 30 suburbs and put nine public housing towers into complete lockdown. The state reported 127 new COVID-19 infections overnight, its biggest one-day spike since the pandemic began. It also reported two deaths, the first nationally in more than two weeks, taking the national tally to 106. NSW Premier Gladys Berejiklian said there was no timetable for reopening the border, which will be patrolled by the military to prevent illegal crossings from 11.59 p.m. local time on Tuesday. The state line is highly porous, with 55 roads, wilderness parks and rivers. Some businesses straddle both sides and several workers, and school children, commute daily.

Read more …

We keep on returning to the same mega problem for China: nobody wants the yuan. Can they force-feed it to enough parties?

Time For China To Decouple The Yuan From US Dollar (SCMP)

China must brace for a full-blown escalation of the struggle with the United States and prepare to gradually decouple the Chinese yuan from the US dollar, a former senior Chinese diplomat warned amid the continued downward spiral in relations between the world’s two largest economies. Zhou Li, a former deputy director of the Communist Party’s International Liaison Department – which manages relations with foreign political parties, organisations and elites – is the latest in a series of voices in China calling for the country to be ready for a currency split with the US amid growing signs of financial war in recent weeks.

“By taking advantage of the dollar’s global monopoly position in the financial sector, the US will pose an increasingly severe threat to China’s further development,” Zhou wrote in the full version of an article published on Saturday by the Beijing-based think tank Chongyang Institute for Financial Studies at Renmin University. China should now make preparations to insulate itself from “dollar hegemony and gradually achieve the decoupling of the renminbi from the US currency”, Zhou said. “The US dollar could become a major risk issue that ‘has us by the throat’.” Zhou’s comments come as Washington is set to impose new sanctions on Chinese officials and financial firms for their part in the new national security law for Hong Kong.

The Hong Kong Autonomy Act, passed by Congress last week, requires the administration to punish foreign banks if they continue to do business with sanctioned officials, including possibly denying them access to the global US dollar payment system. His remarks also mirrored a growing consensus in Beijing that China should “give up the illusion” of friendship but instead prepare for a full-fledged conflict with the US. [..] China holds more than US$2 trillion in overseas investments, the vast majority in developed countries and denominated in US dollars. China also holds US$1.07 trillion in US Treasury securities as part of its US$3 trillion foreign exchange reserves.

China must accelerate the internationalisation of the yuan, speed up the increase in cross-border payments and clearing arrangements for the yuan, establish local currency settlement mechanisms with more countries, and create conditions to maximise the use of the Chinese currency in global industrial supply chains, Zhou said. His views echoed a call by Fang Xinghai, a vice-chairman of the China Securities Regulatory Commission, who warned in a recent speech that China must make urgent preparations for being cut off from the US dollar payment system. “Yuan internationalisation is a must to offset external financial pressure,” Fang said.

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How to keep some focus on Biden while he’s hiding? Daily tidbits about VP candidates.

Susan Rice Sees Stock Rise In Biden VP Race (Hill)

Sens. Kamala Harris (D-Calif.) and Elizabeth Warren (D-Mass.) are getting most of the buzz, but former U.S. Ambassador to the United Nations Susan Rice is also getting a lot of attention in Joe Biden’s campaign as he considers who to pick as his running mate, sources say. Rice, who also served as former President Obama’s national security adviser, has seen her stock rise amid a series of crises, including the COVID-19 pandemic. “I know she’s very much in the mix,” a source close to the Biden campaign said. One factor to watch is Biden’s relationship with Rice. The two worked closely in the Obama administration, and personal chemistry is an underrated factor in vice presidential decisions.

“I know they have a good relationship — perhaps the best relationship of anyone on the list,” the source close to the Biden campaign said. “They’ve known each other for years, they’ve worked alongside each other and she’s been tested in a way that a lot of folks on the list just haven’t been.” Biden, who has committed to selecting a woman as his running mate, has said repeatedly that he is looking for someone who is “ready to be president on day one.” He is also under pressure by some Democrats to pick a woman of color after the death of George Floyd and the demonstrations that followed urging an end to systemic racism. Harris has widely been seen as the favorite, but sources said Rice should not be counted out.

“Everyone automatically thinks of Kamala when they think he needs to pick a woman of color. It’s become conventional wisdom,” said a source who worked in the Obama administration alongside Biden and Rice. “But if you look at Susan’s credentials, she makes perfect sense. She’s a rock star who has the confidence, stature and gravitas to be vice president.”

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And then put people like Rice out on TV shows, to test how people respond to her, and to create the illusion that there’s activity going on. If she can throw some outrageous claims out there, all the better.

Susan Rice: Trump Picks Putin Over US Troops (Hill)

Former U.S. Ambassador to the United Nations Susan Rice said Sunday that President Trump picks Russian President Vladimir Putin over U.S. troops “even when it comes to the blood of American service members.” Rice, who also served as former President Obama’s national security adviser, told NBC’s “Meet the Press” that she believes Trump was briefed on the intelligence that Russia was offering bounties to Taliban-linked militants to kill U.S. and coalition service members in Afghanistan. “The message to Vladimir Putin is you can kill American servicemen and women with absolute impunity,” she said. “This is an extraordinary revelation. The president of the United States has demonstrated absolutely callous disregard for the safety and security of American forces in a war zone and there’s no explanation for this.”


“Now we learn that even when it comes to the blood of American service members, this president picks Putin over our troops,” she added. The former national security adviser said intelligence is “very, very rarely” proven with “100 percent certainty” after administration officials have claimed the intelligence was contradictory. She said if advisers did not inform Trump of the intelligence last year, she thinks it would be “because they’re scared of him.” Rice, a possible contender for presumptive Democratic nominee Joe Biden’s vice presidential pick, also cited that “everything [Trump] has done since” his denial of the intelligence community’s findings of Russian interference in the 2016 election, has benefited Russia.

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But can Rice really accuse Trump of risking US troops’ lives, while that angle has been largely discredited and Adam Schiff’s role has not?

Schiff Learned Of Russian ‘Bounty’ Intel In February, Took No Action (Fed.)

Top committee staff for Rep. Adam Schiff (D-Calif.), the chairman of the House Permanent Select Committee on Intelligence, were briefed in February on intelligence about Russia offering the Taliban bounties in Afghanistan, but he took no action in response to the briefing, multiple intelligence sources familiar with the briefing told The Federalist. The intelligence was briefed to Schiff’s staff during a congressional delegation, or CODEL, trip to Afghanistan in February. Schiff, who has acknowledged President Donald Trump was never briefed on the so-called intelligence, has thus far refused to disclose that his staff was personally briefed. The revelation raises serious questions that Schiff is once again politicizing, and perhaps even deliberately misrepresenting, key data for partisan gain.


Asked by a reporter Tuesday if he had any knowledge of the Russia story prior to the New York Times report, Schiff said “I can’t comment on specifics.” Schiff’s recent complaints that Trump took no action against Russia in response to rumors of Russian bounties are curious given that Schiff himself took no action after his top staff were briefed by intelligence officials. As chairman of the intelligence committee, Schiff had the authority to immediately brief the full committee and convene hearings on the matter. Schiff, however, did nothing. He did not brief his committee on the matter, nor did he brief the gang of 8, which consists of top congressional leadership in both chambers.

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Adam Schiff on Bob Mueller.

Barr’s Team Startled In ‘First Chance’ To Assess Mueller Investigation (WE)

Attorney General William Barr’s team was in for a shock when it met with special counsel Robert Mueller before his report was released, according to a forthcoming book. CNN legal analyst Jeffrey Toobin wrote about Barr’s “first chance” to assess the Russia investigation in early March 2019 in True Crimes and Misdemeanors: The Investigation of Donald Trump, an excerpt of which was published last week by the New Yorker. He described a “fairly relaxed session” in which Mueller “gave a brief introduction” to Barr and his staff, who later reflected on how the former FBI director didn’t live up to expectations.

“Later, Barr’s team noted that Mueller looked tired and old. Because Mueller had been the focus of so much public attention for nearly two years and said so little in public, he had taken on an almost mythic status, even among people who once knew him well, like Barr. To see him after this exhausting enterprise was startling. He was an old seventy-four,” Toobin wrote in the book that is set for release in August. They weren’t the only ones.

One prominent Democrat, House Intelligence Committee Chairman Adam Schiff, said in a recent podcast that he was surprised by Mueller’s shaky testimony before the House Judiciary and Intelligence committees in July 2019 after his report was released. The California Democrat agreed when asked whether he was “shocked” during a Daily Beast podcast last month. “I have known Bob Mueller for a long time. I have tremendous respect for him. I think he is just an amazing human being and public servant,” Schiff said. “He was not the man that I knew just in terms of his strength of presence, and so, it was quite surprising.

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“We are not going to pay back this debt, and this is global. Nobody is even considering trying to pay back the debt..”

Nomi Prins: “We’re Living In A Permanent Distortion” (USAW)

Three time best-selling book author Nomi Prins says long before the Covid 19 crisis, the global economy was faltering big time. The Fed stepped in with the start of massive money printing in late 2019 to save the day. Prins explains, “We were already in crisis mode as I mentioned at the end of my last book going into 2019.” What did we see at the end of 2019? We saw this pivot, and I call it phase two. . . . Central banks had pivoted to easing mode. . . . Come September, October, November and December, the Fed is producing repo operations. Those are short-term lending operations that are supposed to be the purview of the banks . . . . The Fed is not supposed to get involved, but it did. The Fed had all kinds of excuses. It said it was not QE, but it was. . . . The debt at the end of 2019 for the world was three times GDP. For every $3 borrowed, only $1 of economic activity occurred. That’s what we started 2020 with. Throw a pandemic into that . . . and you have a long drawn out financial and economic crisis.”

Now, the money printing has gone into overdrive to save the system from the virus crisis. The social and economic damage, according to Prins, is profound and not going away. Prins points out,

“We are not going to pay back this debt, and this is global. Nobody is even considering trying to pay back the debt that has been created. Let’s think about why that debt has been created. It’s not just because the economy slowed down. That’s one reason and kind of an excuse. The reality is the Fed is on steroids, and other central banks are on steroids . . . throughout the world in a larger number and larger magnitude than in the wake of the financial crisis of 2008. This means all this new debt created is even cheaper than the debt created going into the 2008 crisis. So, more debt, created more cheaply, means less incentive to pay it back and more incentive to push it down the road and grow it. You’ve got this snowball of debt rolling down this high mountain, and it’s rolling and growing and getting bigger. The mountain, which is the main street economy, is coming down as the snow ball is coming down, and the main street economy itself, that foundation, is really shaky. . . . How does this end? It ends with us, the foundation, which is the main street economy, by both that snowball of debt and the avalanche of the mountain. That’s going to be a multi-decade problem.”

Prins says this next stage has a brand new name and explains, “I call this a ‘Permanent Distortion.’ I have not used this term in prior books, but I am using it because . . . the disconnect between financial assets, equity markets and the real economy . . . has become massive…

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A state holding company modeled after Roosevelt’s Reconstruction Finance Corporation.

Only Bold State Intervention Can Block A Future Owned By Corporate Giants (G.)

Our economy after Covid-19 could turn out to be merely an uglier, more distorted version of the lopsided system we have today. We may find that we’ve stumbled into an “Amazon recovery”, where big businesses and corporate behemoths hold an even greater share of the market, billionaires get richer (and more numerous) and inequality is supercharged. Like a handful of other corporate giants, Amazon has seen its business expand during this crisis. In the US, the company took on 100,000 new workers between mid-March and mid-April, before looking to create another 75,000 posts. Its stock price has soared by more than 50% since the beginning of April, and Amazon’s founder, Jeff Bezos, has seen his wealth increase by $30bn (£24bn) during the pandemic alone. The global billionaire class have never had it so good.

The government must ensure the recovery works for everyone, not just for the richest. A large part of the answer lies in a move to block corporate consolidation and predatory acquisition, preventing the leveraged buyout of the economy. This could take the form of a state holding company, with a mandate to support struggling SMEs directly through the coronavirus era and to prevent the destruction of what remains of the UK’s local small-business sector. It would target businesses that were cash-positive before March and can be once again, when the crisis has passed. Later, where appropriate, this holding company could relaunch many of these rescued businesses under conditions of worker or community ownership, or as mission-driven social enterprises.

In this way, the holding company could become an important instrument in a green transition, building community wealth by supporting local economic activity. A democratic society can’t flourish under conditions of unrestrained inequality, and will be even more imperilled in an economy where wealth and power are further concentrated. The only alternative to an unjust recovery is to use state power to protect smaller firms and create a more democratic economy where ownership and economic rewards are more widely shared. History can be our guide here. A similar move lay at the heart of the US response to the economic crisis of the 1930s. Under Franklin D Roosevelt, the Reconstruction Finance Corporation, a state holding company, was permitted to acquire failing businesses until they could be relaunched during the recovery from the Great Depression. One of the engines of the New Deal, the RFC became not only the biggest bank in the US, but also the single largest investor in the country.

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Bail hearing. If she gets bail, that will be a very large scandal.

Prosecutors Seek Friday Court Appearance For Ghislaine Maxwell (R.)

Prosecutors have asked a judge to schedule a Friday court appearance in New York for Ghislaine Maxwell, the former girlfriend and longtime associate of the late disgraced financier Jeffrey Epstein. Maxwell was arrested on Thursday on U.S. charges of luring underage girls so that Epstein could sexually abuse them. The FBI arrest of the British socialite was the latest twist in the mystery of Epstein, who went from a high school math teacher to a high-flying lifestyle of private Caribbean islands and powerful connections that his victims say allowed him to abuse minors with impunity.


Maxwell, 58, was arrested in Bradford, New Hampshire, where she had been laying low since December, the FBI said last week. In a letter on Sunday to Judge Alison Nathan at the U.S. District Court for the Southern District of New York, acting United States Attorney Audrey Strauss said Maxwell’s defense lawyer, Christian Everdell, has requested a Friday, July 10, bail hearing. Maxwell is charged with four criminal counts related to procuring and transporting minors for illegal sex acts and two of perjury, according to the indictment by federal prosecutors in New York.

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One man’s misery is another man’s good fortune.

Ohio Town Proclaims Itself A ‘Statue Sanctuary City’ (JTN)

As protesters target statues around the nation, one town is becoming a statue sanctuary city for monuments honoring select figures. Newton Falls, Ohio City Manager David M. Lynch has signed a proclamation that states that the city will accept and display spurned statues of people including George Washington, Abraham Lincoln, and certain other prominent figures.


“A Proclamation declaring that Newton Falls is a Statuary Sanctuary City and declaring a general amnesty for George Washington, Abraham Lincoln, Thomas Jefferson, Ulysses S. Grant, Patrick Henry, Francis Scott Key, Theodore Roosevelt and Christopher Columbus as represented by the statues of these great leaders, and volunteering to accept these statues that have been removed throughout the USA and place them in a location of honor in our community,” the proclamation says, according to a copy posted by 21-WFMJ. “They founded our nation, they ended slavery, and established and protected our national parks,” Lynch said, according to Fox 8. “Yes, they had warts but they laid the foundation for what we have today,” he said.

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Thank you.

 

 

Assange. Don’t miss.

 

 

 

This is brilliant. Who on earth made this happen?

 

 

 

Support the Automatic Earth in virustime.

 

Jun 262020
 
 June 26, 2020  Posted by at 11:33 am Finance Tagged with: , , , , , , , , ,  47 Responses »


Dorothea Lange Depression refugee family from Tulsa, Oklahoma 1936

 

US Coronavirus Cases ‘May Have Topped 20 Million’ (BBC)
Pompeo Says US, EU Working To Resume Trans-Atlantic Travel (R.)
House Defense Bill Targets Troop Drawdowns In Africa, South Korea (Hill)
No More Crossing Borders For Work (Salmon)
The Fed Said It Could Supply $2.3 Trillion. It Hasn’t Come Close So Far (CNBC)
Parents To Sue Trump, Meme Creator Carpe Donktum Over Manipulated Video Of Toddlers
Why Joe Biden Can Do No Wrong (Turley)
Bayer Wants To Resolve Future Roundup Liability In A Class Action (R.)
New Assange Indictment Only Adds ‘Window Dressing’ to ‘Continue Smear Campaign’ (Sp.)
Doctors for Assange: UK Officials May be Legally Culpable for His Torture (CN)

 

 

Say what you will, but that virus is not sitting still, got to give it that. And as for us, we’re either not sitting still enough, or we’re making the wrong moves.

And I still can’t decide what I find scarier, that or the fast deteriorating political and media climate stateside.

Worldometer reports new cases for June 25 (midnight to midnight GMT+0) at + 179,718.

 

 

 

 

 

 

New cases past 24 hours in:

• US + 41,317
• Brazil + 40,673
• India + 17,720

 

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

 

 

This is where you say all bets are off, I guess.

US Coronavirus Cases ‘May Have Topped 20 Million’ (BBC)

At least 20 million people in the US may already have been infected with Covid-19, according to the latest estimate by health officials. The Centers for Disease Control (CDC) says the true number of cases is likely to be 10 times higher than the reported figure. It comes as the state of Texas halted its reopening as infections and hospitalisations surged. The US has recorded 2.4m confirmed infections and 122,370 deaths. Some southern and western states have been reporting record numbers of cases in recent days. The University of Washington predicts 180,000 US deaths by October – or 146,000 if 95% of Americans wear masks.

“Our best estimate right now is that for every case that was reported, there actually were 10 other infections,” CDC Director Dr Robert Redfield told reporters. This was because testing was restricted to people with symptoms and asymptomatic carriers were not tested, he said. “We probably recognized about 10% of the outbreak by the methods that we use to diagnosis between the March, April and May,” he said. Dr Redfield said that between 5% and 8% of the population had been exposed to the virus and urged Americans to keep social distancing, wearing masks and washing hands. “As we go into the fall, in the winter, these are going to be really, really important defence mechanisms,” he said.

[Texas], which has been at the forefront of moves to end lockdown measures, has seen thousands of new cases, prompting Republican Governor Greg Abbott to call a temporary halt to its reopening. “This temporary pause will help our state corral the spread until we can safely enter the next phase of opening our state for business,” he said. Texas confirmed a record 5,996 new cases on Thursday. There were also 47 new deaths, the highest daily toll for a month. The state has also seen record number of people requiring hospital treatment for 13 days in a row. Elective surgery has been suspended in the Houston, Dallas, Austin and San Antonio areas to free up beds. More than 10% of the tests carried out over the past week have come back positive. All but 12 of the state’s 254 counties have reported cases.

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Yeah, Europeans can’t wait to invite a bunch of infected Usaians to their homes.

Pompeo Says US, EU Working To Resume Trans-Atlantic Travel (R.)

US Secretary of State Mike Pompeo played down concerns Thursday that the European Union might refuse to allow Americans into the 27-nation bloc as it considers lifting restrictions on overseas travelers starting next week, due to the spread of the coronavirus in the United States. “It’s a challenge for all of us to decide how and when to open up our economies and our societies. Everybody’s trying to figure that out,” Pompeo said during a videoconference organized by the German Marshall Fund think tank. “We’re working with our European counterparts to get that right.” European nations appear on track to reopen their borders between each other by July 1. Their envoys to Brussels are debating what virus-related criteria should apply when lifting entry restrictions on travelers from outside the EU that were imposed in March.

As the criteria are narrowed down, a list of countries whose citizens might be allowed in is being drawn up. The list would be updated every 14 days based on how the coronavirus is spreading around the world. The EU’s executive commission recommends that “travel restrictions should not be lifted as regards third countries where the situation is worse” than the average in the 27 EU member countries plus Iceland, Liechtenstein, Norway and Switzerland. That is likely to rule out people living in the United States, where new coronavirus infections have surged to the highest level in two months, according to figures compiled by Johns Hopkins University.

Beyond epidemiological concerns, any country being considered would first be expected to lift its own travel restrictions on visitors from all 31 European nations. This would also rule out the US. In a March 11 decree, President Donald Trump suspended the entry of all people from Europe’s ID check-free travel area. More than 10 million Europeans usually visit the United States each year.

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The war party has two wings.

House Defense Bill Targets Troop Drawdowns In Africa, South Korea (Hill)

The House Armed Services Committee’s version of the annual defense policy bill seeks to put roadblocks on withdrawing U.S. troops from Africa and South Korea. The so-called chairman’s mark of the National Defense Authorization Act (NDAA) – the version of the bill drafted by Chairman Adam Smith (D-Wash.) – would require the Pentagon to report to Congress on the effects, implications and costs of a troop drawdown in Africa on military, diplomatic, development and humanitarian efforts. It would also require a report on the effects of a drawdown within 90 days if the number of troops dips below 80 percent of current force posture.

Reports first surfaced earlier this year that Defense Secretary Mark Esper was eying slashing the number of U.S. troops in Africa as part of a global review of U.S. force posture to redirect troops to counter Russia and China. He later confirmed he was considering a reduction but insisted it would not be a full withdrawal. The plan received bipartisan backlash from lawmakers who argued the troops are needed not only to fight terrorism, but also to serve as a buttress against Russian and Chinese efforts to increase their influence in Africa.

More recently, President Trump announced he plans to withdraw thousands of U.S. troops from Germany. Trump has framed the drawdown as a punitive measure in response to Germany not meeting NATO’s defense spending goal, while national security advisor Robert O’Brien argued in a Wall Street Journal op-ed the forces are needed in the Indo-Pacific region.

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Picked this from Felix Salmon for this crazy stat:

“..pre-coronavirus Apple was buying 50 business class seats per day just from San Francisco to Shanghai…”

No More Crossing Borders For Work (Salmon)

Another area where there’s no sign of any recovery is in the movement of workers across borders, especially when it comes to movement in and out of the U.S. Why it matters: Multinational U.S. corporations are built on international travel. Apple spends $150 million a year on air travel, for instance, and pre-coronavirus was buying 50 business class seats per day just from San Francisco to Shanghai. That level of investment in cross-border ties helped to create a company that’s now worth $1.6 trillion. Driving the news: U.S. borders remain shut to travelers from China and Europe. There are only eight flights per week between the U.S. and China; the United Airlines SFO-SHA route where Apple used to spend $35 million a year currently has no flights at all. The EU is almost certain to ban U.S. travelers when it reopens on July 1. And Donald Trump has banned thousands of nonimmigrant workers from entering the country this year.

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Because it only supports member banks.

The program is too complicated on purpose: the banks all have legal departments that have no trouble deciphering it.

The Fed Said It Could Supply $2.3 Trillion. It Hasn’t Come Close So Far (CNBC)

When the coronavirus pandemic locked up capital markets and pulled the economy into recession, the Federal Reserve took aim with a $2.3 trillion bazooka to try to help. Thus far, though, the central bank has only fired off surprisingly few rounds. In the three months since a slew of programs were announced, the Fed has loaned out just $143 billion, or a mere 6.2% of its total firepower. The most ambitious initiative, the Main Street Lending Program, has yet to make a loan, according to the most recent Fed balance sheet data, though officials expect that to change in a matter of days.

As for the rest of the measures, from municipal lending to corporate credit to the Fed’s role in the Paycheck Protection Program, there are several likely explanations for why what was supposed to be an infusion of cash into the economy instead has been a comparative trickle. One is simply that the programs, particularly in the case of Main Street, are complicated and have proven difficult to launch as the Fed gathers feedback and works through logistics. Another is that there is simply less demand from entities that are finding other ways to make do. And on that same point, the notion that the U.S. economy is recovering more quickly than expected from a recession that began in February has negated the need for the arsenal that the Fed launched starting in March.

“The economy is getting better, so you’re not seeing as many firms short of cash as you’d seen in March and April,” said Yiming Ma, an assistant finance professor at Columbia University Business School. “Some of the terms are just not very attractive to firms who potentially do need the funds.”

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Newsflash: we don’t all have the same kind of humor. But this goes very far.

Parents To Sue Trump, Meme Creator Carpe Donktum Over Manipulated Video Of Toddlers

The parents of two toddlers featured in a manipulated video posted on social media by President Donald Trump plan to file a lawsuit against the president, his campaign and the creator of the video, pro-Trump meme creator Carpe Donktum, escalating the fallout from the doctored video, which was taken down by Facebook and Twitter. Lawyers representing the parents of the children featured in the video are drafting a lawsuit alleging the video was altered and shared as an “advertisement and political propaganda” without permission or parental consent. Logan Cook, who goes by the username Carpe Donktum, altered footage of the two children in which one, who is Black, is running away from the other, who is white, and added a fake CNN chyron reading “Terrified toddler runs away from racist baby.”

The original clip, which went viral last year, actually shows the two toddlers running up to each other and hugging. (The edited video appears to be a satirical attempt criticize how the media takes statements out of context and reports on race.) Both Facebook and Twitter took the video down after the parents of the children filed a copyright complaint, and before that Twitter labeled the video “manipulated media.” Twitter late Tuesday permanently banned Cook for repeated copyright violations.

“The fact that Twitter and Facebook disabled this fake video within 24 hours of President Trump and his campaign tweeting it, coupled with Twitter permanently banning Cook, is very strong evidence that a jury will likely find that all of these people broke the law by using this video as advertisement and political propaganda,” said Ven Johnson, one of the attorneys representing the parents. Cook’s work is frequently shared by Trump, and the president reportedly called him a “genius” when he visited the White House last year. Twitter previously suspended Cook for eight days after he posted an edited video showing Trump as a cowboy attacking CNN reporter Jim Acosta.

Facebook and Twitter usually leave controversial posts from world leaders online, though Twitter has taken to labeling tweets with misinformation or those that “glorify violence” in recent weeks. But there’s one rule even world leaders can’t break: copyright. In October last year, another video posted by Trump featuring a Nickelback song was taken down after a copyright notice was filed. And earlier that year Twitter took down another video that included music from the Batman movie The Dark Knight Rises without permission.

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It’s going to be an absolutely crazy election.

Why Joe Biden Can Do No Wrong (Turley)

In the 11th century, Pope Urban II formalized the use of indulgences, which could be purchased to forgive sins. A papal bull of the Crusade accompanied those who fought in the Holy Land and committed atrocities in the name of a higher order. The practice was defended as essentially drawing from the “treasury of merit” created by Jesus Christ, the saints and the faithful. Now the 2020 election has become the ultimate crusade, and President Trump’s critics seem to be enjoying indulgences in tossing aside moral and ethical considerations. The freedom that is Biden is nowhere more evident than in a recent column by The Nation’s Katha Pollitt, who wrote about the allegations of sexual assault made by former Biden staffer Tara Reade.

Pollitt dispensed with any struggle over feminist or moral qualms, declaring, “I would vote for Joe Biden if he boiled babies and ate them.” As Pollitt explained, “We do not have the luxury of sitting out the election to feel morally pure or send a message about sexual assault and #BelieveWomen.” Otherwise, Pollitt would have to deal with her column during the confirmation hearing for Supreme Court nominee Brett Kavanaugh, in which she denounced “some of his defenders [who] seem to be saying that even if the allegations are true, it shouldn’t really matter.” For years, critics have expressed disgust at Trump’s statement that “I could stand in the middle of Fifth Avenue and shoot somebody and wouldn’t lose any voters.”

Yet they now afford Biden the same immunity even if he turns into the ancient god Cronus and starts snacking on boiled babies. The same indulgence has been claimed by politicians and commentators in dealing with other Biden allegations of sexual assault. Many of them demanded during the Kavanaugh controversy that all women must simply be believed when alleging sexual harassment. Those who questioned the allegations of Christine Blasey Ford were denounced for insensitivity, if not complicity, in the abuse of women. Today, some of us have said that Biden has the stronger case thus far, but we still support an investigation.

Yet many Kavanaugh critics quickly declared Biden to be innocent and opposed any search of his records — including those under lock and key at the University of Delaware — for any allegations of sexual abuse. House Speaker Nancy Pelosi (D-Calif.) simply cut off questions by testily declaring, “I don’t need a lecture” when confronted with her prior statements. Michigan Gov. Gretchen Whitmer (D) declared she sees no need for an investigation because she knows Biden and believes him, adding that she resented being asked about it as a victim of sexual assault. She cut off questions from CNN’s Jake Tapper by saying, “And you know what? That’s all I’m going to say about it.”

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They sponsor a legal panel that absolves them from most future claims. How sick is that?

Bayer Wants To Resolve Future Roundup Liability In A Class Action (R.)

The headlines Wednesday in the mass tort litigation over Bayer’s Roundup weedkiller were all about the company’s decision to pay as much as $9.6 billion – a lot of money! – to settle about 94,000 suits alleging that Roundup is associated with non-Hodgkins lymphoma. But the bigger news, at least for this case’s impact on mass tort litigation, may be in a novel proposal to address all future claims against Bayer. If the mechanism – a class action to determine threshold issues of causation while preserving plaintiffs’ individual rights to sue – ends up winning court approval, it’s going to change the way defendants buy global peace in these sprawling cases.

The Roundup future claims settlement is via a newly-filed prospective class action on behalf of everyone who was exposed to Roundup but has not hired a lawyer to bring a tort claim. (There are subclasses for people who already have cancer and those who don’t.) In a simultaneously-filed motion for preliminary approval of the settlement of the new class action, Bayer and plaintiffs lawyers from Lieff Cabraser Heimann & Bernstein, Audet & Partners and The Dugan Law Firm agreed to establish a panel of five scientific experts to decide the threshold questions of whether Roundup can cause cancer and, if so, at what levels of exposure. (For the true class action nerds: The settlement calls for the certification of an issues class to resolve the predominant common question of causation.)

The panel, which Reuters described Wednesday as “a calculated gamble” for Bayer, has at least four years to reach a determination, which is binding on all class members. After the panel’s decision, class members will be free to bring individual tort claims, with the caveat that those threshold causation and exposure questions have already been decided.

In the meantime, Bayer will put up $1.1 billion for diagnostic services for the class and for assistance to class members who develop cancer during the years before the scientific panel’s decision. The proposed settlement features an incredibly elaborate notice program to get the word out to prospective class members, taking into account that the class includes agricultural workers who may not speak English or have permanent residences. Class members have 150 days from the launch of the notice program to opt out of the class. As part of the settlement, future claimants will give up the right to seek punitive damages and medical monitoring fees in individual suits following the scientific panel’s causation decision.

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The shame of our generation.

New Assange Indictment Only Adds ‘Window Dressing’ to ‘Continue Smear Campaign’ (Sp.)

A US federal grand jury has unveiled a new superseding indictment against WikiLeaks co-founder Julian Assange. However, the filing brings no new charges. A journalist told Sputnik that what Assange does is no different from other reporters and the indictment is an attempt to sour Assange’s name in the media again. “It’s a continuation of the smear campaign against this man, to turn public opinion against him,” Joe Lauria, the editor in chief of Consortium News and author of the book “How I Lost, By Hillary Clinton,” told Radio Sputnik’s Loud and Clear Thursday. “It’s started to turn for him in certain instances recently, so the timing of this is interesting.” Lauria characterized the new accusations as “window dressing,” noting much of the document is simply a recapitulation of the previous charges against Assange.

According to the US Department of Justice’s Wednesday news release announcing the indictment, the new accusations “broaden the scope of the conspiracy surrounding alleged computer intrusions with which Assange was previously charged,” alleging he worked with hacker groups like Anonymous and LulzSec to gain access to classified files that WikiLeaks then published. “This is new: they write negatively about him helping [former NSA analyst-turned-whistleblower Edward] Snowden to get out of Hong Kong and that Assange had booked various other flights for Snowden to provide a diversion, so that he could get out on the one he did,” Lauria noted. “But there’s no charge of ‘aiding a fugitive to get away’ or anything like that, so that’s just thrown in there. We don’t know why.”

“The real essence is, as you say, the details to broaden this first indictment against him, which was for computer intrusion. And, essentially, it says that Assange directed hackers to get material. For example, one example is the recordings of high-level NATO officials, telephone calls that he wanted; also members of parliament of a NATO nation that is apparently Iceland.” Lauria said that to understand if this is a crime or not, he turns to investigative journalist Robert Parry, who founded Consortium News. Lauria noted a piece Parry wrote in 2010, anticipating Washington’s line of attack against Assange, in which he said that what Assange had done was no different than what he did as an investigative reporter, including encouraging sources to give information, and even to commit a small crime in order to prevent a larger one.

“This is key, because here we have in this expanded, superseding indictment, that Assange somehow committed a conspiracy with these hackers to get this information,” Lauria said. “Now, first of all, he’s not being accused of doing the hacking himself; he is accused of encouraging or directing – but not for money, by the way – these hackers to get documents and other materials that he wanted. So maybe two crimes are being committed there: one being the hack, and two, the unauthorized release of information. But Assange is not directly involved, so he’s doing what Bob Parry said he did as a reporter, and that was to get your source to commit a small crime [in order] to prevent a larger one. An example of that is Assange getting from [former US Army analyst Chelsea] Manning the ‘Collateral Murder’ video … the idea being to try to end the illegal war in Iraq,” Lauria told Sputnik.

Read more …

But doctors are not lawyers.

Doctors for Assange: UK Officials May be Legally Culpable for His Torture (CN)

Doctors have warned that UK officials could be held accountable for the torture of Julian Assange in an open letter published in The Lancet on International Day in Support of Victims of Torture. The 216 undersigned physicians and psychologists from 33 countries have accused UK and U.S. government officials of intensifying Julian Assange’s psychological torture in spite of the world’s leading authorities on human rights and international law calling for his immediate release from prison. Clinical Psychologist and Australian co-author of the publication, ‘The ongoing torture and medical neglect of Julian Assange’, Dr Lissa Johnson said the failure to properly treat Mr Assange may amount to an act of torture in which state officials, from parliament to court to prison, risk being judged complicit.

“Our letter is published just two days after the US Department of Justice announced a new superseding indictment against Assange representing yet another escalation in psychological torture tactics,” said Dr Johnson. “Introducing extra charges at this late stage, right before the defence evidence deadline and over a year after the indictment deadline, when documents given to the prison generally take two weeks to be passed on, when he has not been supplied with a computer and when he is unable to meet with lawyers under Coronavirus lockdown, serves to ramp up his helplessness jn the face of threat and is a key psychological torture tactic,” she said.

The doctors note that torture is prohibited under UK law, warning that UK officials could be judged “complicit”, including for their “silent acquiescence and consent”. They write that Assange at medical risk due to escalating abuses of his “fundamental human and legal rights at the hands of judicial, prison, and contracted security authorities”. The letter follows Julian Assange’s failure to attend four court hearings in a row on medical grounds. The authors charge UK and US authorities with “collective persecution and judicial harassment” in which “Mr Assange has been unable to engage in his own defence or even participate in his own hearings.”

A copy of the Lancet letter has been sent to the UK Lord Chancellor and Secretary of State for Justice, Robert Buckland. It coincides with two open letters to Buckland from 36 members of the European Parliament and 11 current and former politicians from 9 nations, calling for Julian Assange’s immediate release on bail in light of Covid-19, which places him “at grave medical risk” given his medical history, including persistent respiratory issues, the doctors warn. In a 60 Minutes Australia interview on Sunday night, Julian Assange’s fiancé, Stella Moris, stressed that Julian Assange is “very unwell”, expressing her fears that he may not survive.

Read more …

 

 

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Jun 252020
 


Thomas Eakins Walt Whitman 1891

 

Strzok’s Newly Discovered FBI Notes Deliver Jolt To ‘Obamagate’ Evidence (JTN)
Flynn Dismissal Order ‘Thoroughly Demolishes’ Dissenting Judge’s Opinion (ZH)
Julian Assange Accused In US Indictment Of Conspiracy (Fox)
State, Local Gov’ts Need Billions More In Aid To Avert 4 Million Layoffs (MW)

 

 

Ever since I began reporting on the new coronavirus, I have pointed to trendlines as the reason to publish graphs and numbers on a daily basis. They make it possible to see how things develop. And what I see lately scares the heebees out of me. The trendlines tell us that things are getting worse, fast, while at the same time everyone pretends that they’re ready to re-open their societies.

I’ve said from the start that lockdowns can only be temporary, because we are social beings, but also that you need to use a lockdown wisely. Very few societies have, though.

In a few days’ time we will cross 10 million global confirmed cases, and 500,000 deaths. There is a lot wrong with the way these numbers are tallied, but they’re the best we have. And yes, these two “milestones” indicate a case fatality rate of 5%. Now, I can hear the protests all the way over here, and I don’t think a 5% rate is real, but even just one tenth of that, an 0.5% rate, is pretty terrible.

Yes, there are many more infections than those 10 million, no doubt, but there are also a lot more deaths than half a million. And by the way, that is a lot of lives lost, we should never forget that. Moreover, both the cases and the deaths just keep on coming, and there is no end in sight to that.

If things continue along current trendlines, we will in all likelihood observe how the end to the lockdowns does a lot more economic damage than the lockdowns ever did. Several US states already ring alarm bells over their healthcare facilities threatening to be overwhelmed.

And what about Brazil, Mexico, India and more? What will happen in Europe now all countries there are opening up, claiming that they have it all solved? There are many many millions of jobs in the west that are gone forever, and I can’t see countries being prepared to deal with that.

Be careful out there!

 

 

 

 

 

 

 

 

 

 

 

Worldometer reports new cases for June 24 (midnight to midnight GMT+0) at + 172,383.

 

 

New cases past 24 hours in:

• US + 38,621
• Brazil + 40,021
• Russia + 7,790
• India + 23,229

 

 

 

From Worldometer yesterday evening -before their day’s close-:

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

A lot is being said about the “newfound” Peter Strzok notes from the Jan 4 2017 meeting with Rise, Yates, Biden, Comey, Obama. I think this part has more meaning than any other.

Strzok’s Newly Discovered FBI Notes Deliver Jolt To ‘Obamagate’ Evidence (JTN)

The real impact of the notes may be on the Justice Department’s ongoing investigation of the Russia investigators, where U.S. Attorneys John Durham and Jeff Jensen are determining whether the FBI or others committed crimes in deceiving the courts or Congress about the evidence in the now-discredited Russia collusion allegations. A former senior FBI official told Just the News that Strzok’s notes about the White House meeting are a red flag that the Comey-led bureau may have been involving itself illegitimately in a political dispute between the outgoing Obama administration and incoming Trump administration. “It was a political meeting about a policy dispute, and the bureau had no business being involved,” Former Assistant Director for Intelligence Kevin Brock said. “No other FBI director would ever have attended such a meeting.

“Comey is quoted in the notes as saying the Kislyak call appeared legit. At that point he should have gotten up and left the room,” Brock added. “The FBI had no business being represented in that meeting. It did not have a counterintelligence interest any longer.”

A second impact of the notes could be on the campaign trail. A few months ago, Biden claimed he was unaware of the Flynn probe as he was leaving the VP’s office. I know nothing about those moves to investigate Michael Flynn,” he said. He then clarified his denial. “I was aware that … they asked for an investigation,” Biden said. “But that’s all I know about it, and I don’t think anything else.” If Powell’s interpretation of the notes is correct, Biden was knowledgeable enough to suggest a possible pretext for continued investigation, the Logan Act. And he eventually unmasked one of Flynn’s intercepted phone calls a week later.

https://twitter.com/Techno_Fog/status/1275803339738021890

Read more …

Is this a deliberate mess?

Flynn Dismissal Order ‘Thoroughly Demolishes’ Dissenting Judge’s Opinion (ZH)

Missouri appellate attorney John Reeves has weighed in on today’s decision by the US Court of Appeals for DC ordering Judge Emmett Sullivan to grant a DOJ request to drop the case against Michael Flynn. The opinion, authored by one of the three judges on the panel, Neomi J. Rao, “thoroughly demolishes” a dissenting opinion by Judge Robert Wilkins – who Reeves thinks was so off-base that he “shot himself in the foot” when it comes to any chance of an ‘en-banc review’ in which the Flynn decision would be kicked back for a full review by the DC appellate court.

[..] In all my years of appellate practice, I don’t think I’ve ever seen a non-US Supreme Court appellate opinion that so thoroughly demolishes a dissenting opinion as this one. Judge Rao could not have done better in writing the opinion, and it should be required law school rdg. In addition, Judge Wilkins’ dissenting opinion is so off-the-mark that I believe he has shot himself in the foot for purposes of en banc review–in other words, he has ensured that otherwise-sympathetic judges on the DC Circuit will vote against en banc review. Judge Rao comes out swinging by holding that its earlier opinion in Fokker “foreclose[s] the district court’s proposed scrutiny of the government’s motion to dismiss the Flynn prosecution.” p. 7.

In relying on Fokker, Judge Rao explicitly rejects Judge Wilkinson’s argument that Fokker’s holding is dicta (that is, non-binding). She holds Fokker “is directly controlling here.” p. 14. Keep in mind that Fokker was written by Chief Judge Srinivasan, an OBAMA appointee. Judge Srinivasan does NOT want Fokker’s legitimacy undermined, no matter his politics. Judge Wilkins’ dissent implies that Fokker was wrongly decided, and that it conflicts with other federal appellate courts. See p. 23 of 28. Judge Srinivasan will NOT be impressed by this argument in deciding whether to grant en banc rehearing. Fokker does not create a split. Judge Rao goes on to emphasize that while judicial inquiry MAY be justified in some circumstances, Flynn’s situation “is plainly not the rare case where further judicial inquiry is warranted.” p. 6.

Rao notes that Flynn agrees with the Govt.’s dismissal motion, so there’s no risk of his rights being violated. In addition, the Government has stated insufficient evidence exists to convict Flynn. p. 6. Rao also holds that “a hearing cannot be used as an occasion to superintend the prosecution’s charging decisions.” p. 7. But by appointing amicus and attempting to hold a hearing on these matters, the district court is inflicting irreparable harm on the Govt. because it is subjecting its prosecutorial decisions to outside inquiry. p. 8 Thus, Judge Rao holds, it is NOT true that the district court has “yet to act” in this matter, contrary to Judge Wilkins’ assertions. p. 16. “[T]he district court HAS acted here….[by appointing] one private citizen to argue that another citizen should be deprived of his liberty regardless of whether the Executive Branch is willing to pursue the charges.” p. 16. This justified mandamus being issued NOW.

Read more …

https://twitter.com/MrsC_Assange/status/1276031301036896256

Julian Assange Accused In US Indictment Of Conspiracy (Fox)

WikiLeaks founder Julian Assange sought to recruit hackers at conferences in Europe and Asia who could provide his anti-secrecy website with classified information, and conspired with members of hacking organizations, according to a new Justice Department indictment announced Wednesday. The superseding indictment does not contain additional charges beyond the 18 counts the Justice Department unsealed last year. But prosecutors say it underscores Assange’s efforts to procure and release classified information, allegations that form the basis of criminal charges he already faces.

Beyond recruiting hackers at conferences, the indictment accuses Assange of conspiring with members of hacking groups known as LulzSec and Anonymous. He also worked with a 17-year-old hacker who gave him information stolen from a bank and directed the teenager to steal additional material, including audio recordings of high-ranking government officials, prosecutors say.

Assange’s lawyer, Barry Pollack, said in a statement that “the government’s relentless pursuit of Julian Assange poses a grave threat to journalists everywhere and to the public’s right to know.” “While today’s superseding indictment is yet another chapter in the U.S. Government’s effort to persuade the public that its pursuit of Julian Assange is based on something other than his publication of newsworthy truthful information,” he added, “the indictment continues to charge him with violating the Espionage Act based on WikiLeaks publications exposing war crimes committed by the U.S. Government.”

Read more …

What’s going to happen to all the people who end up without jobs?

State, Local Gov’ts Need Billions More In Aid To Avert 4 Million Layoffs (MW)

A new private sector report is warning anew of continuing damage to the economy if Washington doesn’t deliver several hundred billion dollars in budget relief to states and local governments amid the coronavirus pandemic. But Wednesday’s report by Moody’s Analytics, a private sector economic research firm, could also help illustrate a path for bipartisan agreement in Congress on next month’s fifth, and possibly final, COVID-19 response bill. The study warns that doing nothing to address the economic perils of state layoffs and cutbacks could cost 4 million jobs. But it also says that significantly less money is needed than what’s being called for by House Democrats, who passed almost $1 trillion in help for cash-poor states and local governments as part of a sweeping $3.5 trillion rescue package last month.


The Democratic bill combines $500 billion for state governments — as requested by the nation’s governors — and $375 billion for local governments, many of whom were left out of earlier relief efforts. The Moody study says that level of spending — rejected out of hand by Republicans — is likely beyond what’s needed. “The scope of aid being requested is certainly unprecedented in size and warrants significant scrutiny,” Moody’s says. “For example, the $1 trillion in aid recently approved as part of the house’s HEROES Act would be enough to raise the eyebrows of even the most aggressive advocates of fiscal stimulus.”

Read more …

 

 

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Frederick Douglass about Abaham Lincoln:

 

 

 

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Jun 242020
 
 June 24, 2020  Posted by at 12:09 pm Finance Tagged with: , , , , , , , , , ,  34 Responses »


Dorothea Lange Arkansas flood refugee family near Memphis, Texas 1937

 

80% of COVID19 Cases In The US Went Undetected In March (CNN)
What the US Stock Market Looks Like Minus APPL, MSFT, AMZN, GOOG, FB (WS)
Putin Reviews Military Parade On Eve Of Vote That Could Extend His Rule (R.)
‘The Skripal Case And The Decline Of Russia’s Spy Agencies (G.)
Johnson And May Ignored Claims Russia Had ‘Likely Hold’ Over Trump (G.)
Siberia Is On Fire And Off The Charts (Canary)
Bayer Pays $10 Billion To Settle Thousands Of Monsanto Glyphosate Lawsuits (ZH)

 

 

It’s still a bit of a battle to get started again, as you can see, but we’ll get there. All day yesterday for instance my head was much more occupied with the banning of Mark Twain and Harper Lee than with corona. But I already wrote about To KIll A Mockingbird.

 

 

Worldometer reports new cases for June 23 (midnight to midnight GMT+0) at + 162,994 .

 

 

As Texas, where our resident GP is located, continues to surge:

 

 

 

 

 

From Worldometer yesterday evening -before their day’s close-:

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

 

 

But how about now?

80% of COVID19 Cases In The US Went Undetected In March (CNN)

A new study suggests that as many as 8.7 million Americans came down with coronavirus in March, but more than 80% of them were never diagnosed. A team of researchers looked at the number of people who went to doctors or clinics with influenza-like illnesses that were never diagnosed as coronavirus, influenza or any of the other viruses that usually circulate in winter. There was a giant spike in these cases in March, the researchers reported in the journal Science Translational Medicine. “The findings support a scenario where more than 8.7 million new SARS-CoV-2 infections appeared in the U.S. during March and estimate that more than 80% of these cases remained unidentified as the outbreak rapidly spread,” Justin Silverman of Penn State University, Alex Washburne of Montana State University and colleagues at Cornell University and elsewhere, wrote.

Only 100,000 cases were officially reported during that time period, and the US still reports only 2.3 million cases as of Monday. But there was a shortage of coronavirus testing kits at the time. The team used data collected from each state by the US Centers for Disease Control and Prevention for influenza-like illness. The CDC uses this data to track the annual seasonal flu epidemic. It asks doctors to report all cases of people coming in for treatment for fever, cough and other symptoms caused by influenza. “We found a clear, anomalous surge in influenza-like illness (ILI) outpatients during the COVID-19 epidemic that correlated with the progression of the epidemic in multiple states across the US,” Silverman and colleagues wrote.

“The surge of non-influenza ILI outpatients was much larger than the number of confirmed cases in each state, providing evidence of large numbers of probable symptomatic COVID-19 cases that remained undetected.”

Read more …

Makes me think of playing Monopoly.

What the US Stock Market Looks Like Minus APPL, MSFT, AMZN, GOOG, FB (WS)

The market capitalization of the five largest stocks combined – the “Giant 5:” Apple, Microsoft, Amazon, Alphabet, and Facebook – rose to a new record today of $6.18 trillion. Since their combined low point on March 16, their market capitalization has soared by 51%. That’s an increase of $2.1 trillion in a little over three months. Since January 2017, my Giant 5 index has soared by 164% (market cap data via YCharts):

So how big did they get? The overall stock market capitalization, as measured by the Wilshire 5000 Market Cap Index tracking 3,451 US-listed companies, ticked up to $31.8 trillion, up by 41.6% from its low on March 23. Today, the “Giant 5” accounted for 19.4% of the total US stock market capitalization, as measured by the Wilshire 5000, a new record. On January 3, 2017, the Giant 5 had accounted for 10% of the Wilshire 5000. In the three months since the crash in March, the share of the Giant 5 has soared from abound 16% to 19.4% today (Wilshire 5000 data via YCharts):

Let’s take the five largest stocks out of the largest stock market in the world, with 3,451 companies, and see what’s left over. What’s left over is now valued at $25.7 trillion. It’s up by 28.4% from the March 23 low, and while that’s till strong for a three-month rally, it’s a far cry from the 51% for the Giant 5. And here is the thing: All these companies combined, minus the “Giant 5,” are way below their peak in February 2020, and below a whole bunch of other dates before then, and below where they’d first been in at the end of January 2018. For the entire rest of the stock market – all its winners and losers combined – minus the “Giant 5” the period since January 2018 was a very rough and unpleasant ride to nowhere. It declined 1%. You would have been better off putting your money in one of those despicable freaking savings accounts:

Seen the other way around: If you had shorted on January 26, 2018, the entire stock market minus the “Giant 5,” you would have had a wild unpleasant ride and made 1%. But if you had shorted the “Giant 5” over the same period, you would have lost 70%. This is how dependent the stock market, and broad portfolios reflecting it, have become on the Giant 5. It’s not that there aren’t a bunch of other companies that have gained as much or more than the Big 5 in percentage terms – there are – but in dollar terms, and in weight in the market, they just don’t measure up to these five giants. Apple and Microsoft both are now worth over $1.5 trillion. Amazon is at nearly $1.4 trillion, Alphabet at $1.0 trillion. These are gigantic valuations. They also speak of an immense concentration of power in a single company.

Read more …

Russia holds its parade to honor the victims of WWII. The western press needs to make that look sinister. As Putin simply calls for cooperation. He must have sinister reasons for doing so.

Putin Reviews Military Parade On Eve Of Vote That Could Extend His Rule (R.)

President Vladimir Putin reviewed a spectacular Red Square military parade on Wednesday, a patriotic display critics said was designed to lift his lower-than-usual ratings on the eve of a nationwide vote that could extend his rule until 2036. Putin watched as intercontinental ballistic missile launchers trundled past, nuclear-capable bombers flew overhead, and columns of tanks and over 14,000 troops, including some from allies like China, marched past under hot sunshine. The parade, to mark the 75th anniversary of the Soviet Union’s World War Two victory over the Nazis, was postponed from May 9 because of the novel coronavirus outbreak, but critics said it was still irresponsible to go ahead with it.

The Kremlin dismissed that assertion, saying new daily infections, though still in the thousands, were on the wane, especially in the Russian capital, the original epicentre of the outbreak, and that all safety precautions were taken. Volunteers gave masks and gloves to those watching on Red Square and ordered them to sit two seats apart. Putin, flanked by veterans, did not wear a mask, but people around him had been tested for the coronavirus, including veterans quarantined at a resort outside Moscow beforehand. Thousands of people thronged Moscow’s streets to watch tanks roll through the city on what was a public holiday. Putin struck a conciliatory tone towards the West, despite complaining beforehand about what he called attempts by some European countries to rewrite history.

He said Moscow would never forget the contribution made by the Soviet Union’s wartime allies, including their opening of a second front in 1944. Putin also made an indirect reference to his desire for the five permanent members of the U.N. Security Council to hold a summit to try to tackle the world’s problems. “We are open to dialogue and cooperation on the most current international questions,” said Putin. “Among them is the creation of a reliable and general system of security, which the complex fast-changing modern world needs. Only together can we defend it from new dangerous threats,” he said.

Read more …

“A Chain Of Stupidity” is what Assange smearer Luke Harding sees in Russia’s intelligence. But the smart folks at Atlantic Council-sponsored Bellingcat will save us from their stupidity. By claiming that Assad conducted chemical attacks on his people. By claiming that Russia downed MH17.

‘The Skripal Case And The Decline Of Russia’s Spy Agencies (G.)

A man named Eliot Higgins was following events in Libya, too – not from the front line, but from his home in the east Midlands. Specifically, from his sofa. It was a safer place to be – and, as it turned out, as good a perch as any from which to analyse the conflict, and to consider questions that, in the heat of battle, were interesting, but seemingly unanswerable. Questions such as: where did the rebels get their arms? Higgins recalls growing up as a shy “nerd”. According to his brother Ross, Higgins was an obsessive gamer and early computer enthusiast. He liked Lego, played Pong on an antediluvian 1980s Atari and was a fan of Dungeons and Dragons. He spent hours immersed in the online roleplay game World of Warcraft, where participants pooled skills and collaborated across virtual borders. His instincts were completist: he wanted to finish and win the game. This would prove useful later on.

Higgins tried for a career in journalism and enrolled on a media studies course in Southampton. It didn’t work out, and he left without a degree. Next, he earned a living via a series of unlikely administrative jobs. One day Higgins logged on to the Guardian’s Middle East live blog. Libya was the centre of international attention. Higgins made his own contributions to the comment section of the Guardian blog, using the name Brown Moses – taken from a Frank Zappa song. The blog often featured videos uploaded by anti-regime fighters. There was fierce debate as to whether these images were authentic or bogus.

One such video showed a newly captured town. The rebels claimed it was Tiji, a sleepy settlement with a barracks that had been recently bombed by Nato jets, close to the border with Tunisia, and on the strategic main road leading to Tripoli. There was a mosque, a white road and a few little buildings with trees around them. The video showed a rebel-driven tank rolling noisily down a two-lane highway. There were utility poles. Higgins used satellite images to see if he could identify the settlement and thereby win the discussion. The features were sufficiently distinctive for him to be able to prove he was correct: the town was Tiji. “I’m very argumentative,” he says. It was the first time he had used geolocation tools. He realised he could collect user-generated videos and later work out exactly where they had been filmed.

Read more …

Ah, Harding has a new book out and that needs to be promoted. So let’s use the Steele Dossier for that. Its credibility hasn’t survived Mueller, but who in Britain knows that? Just throw in that Russia especially hates Britain, that’ll do it.

Johnson And May Ignored Claims Russia Had ‘Likely Hold’ Over Trump (G.)

Boris Johnson and Theresa May ignored claims the Kremlin had a “likely hold” over Donald Trump and may have covertly funded Brexit, the former spy Christopher Steele alleges in secret evidence given to MPs who drew up the Russia report. In testimony to MPs, the MI6 veteran accused the government led by May and in which Johnson was foreign secretary for two years of turning a blind eye to allegations about Trump because they were afraid of offending the US president. Steele first presented a dossier about Trump to senior UK intelligence figures in late 2016, who he says took it seriously at first. But, he writes, “on reaching top political decision-makers, a blanket appeared to be thrown over it”.

“No inquiries were made or actions taken thereafter on the substance of the intelligence in the dossier by HMG [Her Majesty’s government],” Steele says in the critical document. The allegation is contained in a short summary of a larger file of information presented in August 2018 by Steele to parliament’s intelligence and security committee (ISC), inquiring into Kremlin infiltration into British politics and public life. Steele accuses May’s government of selling British interests short by not taking matters further: “In this case, political considerations seemed to outweigh national security interests. If so, in my view, HMG made a serious mistake in balancing matters of strategic importance to our country.”

The Russia expert concluded: “A prospective trade deal should never be allowed to eclipse considerations of national security.” Steele’s confidential testimony is revealed for the first time in a book by the Guardian journalist Luke Harding, Shadow State: Murder, Mayhem and Russia’s Remaking of the West, to be published next week.

Read more …

Siberia has an extreme climate. But it’s now even more extreme.

Siberia Is On Fire And Off The Charts (Canary)

Scientists have expressed concerns about the implications for the rest of the world after a heatwave in Russia’s Siberia region. On Saturday, the thermometer hit a likely record of 38C – or 100.4 degrees Fahrenheit – in the Siberian town of Verkhoyansk in Russia’s Sakha Republic. The World Meteorological Organisation said it is looking to verify the temperature reading, which would be a record for the region north of the Arctic Circle. The increasing temperatures in Siberia have been linked to wildfires that grow bigger and more severe every year, as well as the thawing of the permafrost.

University of Michigan environmental school dean Jonathan Overpeck, a climate scientist, said: “The Arctic is figuratively and literally on fire – it’s warming much faster than we thought it would in response to rising levels of carbon dioxide and other greenhouse gases in the atmosphere, and this warming is leading to a rapid meltdown and increase in wildfires. “The record warming in Siberia is a warning sign of major proportions.” Much of Siberia had high temperatures this year that were beyond unseasonably warm. From January through to May, the average temperature in north-central Siberia has been about 8C above average, according to the climate science non-profit organisation Berkeley Earth.

Siberia is in the Guinness Book of World Records for its extreme temperatures. It is a place where the thermometer has swung by 106C (190 degrees Fahrenheit), from a low of minus 68C to 38C.

Read more …

Very scary people, the lot of them.

Bayer Pays $10 Billion To Settle Thousands Of Monsanto Glyphosate Lawsuits (ZH)

After decades of widespread use as company scientists played down research showing a definitive link between the product and growing rates of non-Hodgkins lymphoma, Monsanto parent company Bayer has agreed to pay up to $10 billion to settle claims that glyphosate, the active ingredient in Roundup, causes cancer. Citing people familiar with the matter, German newspaper Handelsblatt reported that the company has agreed to settle tens of thousands of glyphosate-related lawsuits in the US for between $8 billion to $10 billion. Of that number, $2 billion is considered a “reserve” which can be used to settle future claims. The rest will be used to settle all of the lawsuits pending in the United States from users of the controversial weed killer, the number of active lawsuits against the Roundup purveyor recently numbered more than 50k.


Talks for an out of court settlement have been ongoing since last summer. Last year, scientists evaluated a batch of existing studies and determined that Monsanto’s ubiquitous weed-killer Roundup and its active ingredient glyphosate increased cancer risk of non-Hodgkin lymphoma (NHL) by 41%, according to a research published in February 2019. Back in 2018, a San Francisco Jury awarded $289 million in damages to a former school groundskeeper, Dewayne Johnson, who said Monsanto’s Roundup weedkiller gave him terminal cancer. That award consisted of $40 million in compensatory damages and $250 million in punitive damages.

Read more …

 

 

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Support the Automatic Earth in virustime.

 

Jun 152020
 


Gustave Dore Dante before the wall of flames which burn the lustful 1868

 

The Masks Masquerade (Nassim Taleb)
Millions of US Job Losses Are at Risk of Becoming Permanent (BBG)
Powell Is Now Helpless (Eric Peters)
US Labor Department Throws 401k Investors To The Wolves (F.)
UK Lawmakers Urge FM Sunak To Add 1 Million Workers To Income Schemes (R.)
Beijing Lockdown Spreads In Race To Control Outbreak (SCMP)
Sudden Jump In China Virus Cases Causes Futures To Tumble (ZH)
Second Wave Has Begun in US, Medical System May Be Stressed – Doctor (CNBC)
Greeks Against Second Lockdown – Survey (K.)
Macron Says France Must Seek Greater Economic Independence After Virus (R.)
Putin: Russia Soon Able To Counter “Indefensible” Hypersonic Weapons (ZH)
To Celebrate Obama Day, Here Are Barack’s Greatest Hits (Ben Norton)
Julian Assange Indictment Fails To Mention ‘Collateral Murder’ Video (G.)

 

 

Good thing I’m not into astrology:

• Trump’s birthday: June 14 (a.k.a Obama Day)

• Xi Jinping’s birthday: June 15

 

 

Worldometer reports new cases (midnight to midnight GMT+0) at + 123,645.

My count from about 6 am EDT to 6 am EDT is + 121,464 cases.

But the graph says cases always come down in the weekend, and I’m early today.

 

 

 

 

New cases past 24 hours in:

• US + 20,004
• Brazil + 17,086
• Russia + 8,246
• India + 13,722
• Pakistan + 5,248
• Chile + 6,938

 

 

Cases 8,017,241 (+ 121,464 from yesterday’s 7,895,777)

Deaths 436,124(+ 3,242 from yesterday’s 432,882)

 

 

 

 

 

From Worldometer yesterday evening -before their day’s close-:

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 


 

 

Taleb goes into much more detail in the article, please read. The inane “doubts” about mask efficacy cost lives. Wear a Mask in Public!

The Masks Masquerade (Nassim Taleb)

Incompetence and Errors in Reasoning Around Face Covering

SIX ERRORS:

1) missing the compounding effects of masks,

2) missing the nonlinearity of the probability of infection to viral exposures,

3) missing absence of evidence (of benefits of mask wearing) for evidence of absence (of benefits of mask wearing),

4) missing the point that people do not need governments to produce facial covering: they can make their own,

5) missing the compounding effects of statistical signals,

6) ignoring the Non-Aggression Principle by pseudolibertarians (masks are also to protect others from you; it’s a multiplicative process: every person you infect will infect others).

In fact masks (and faceshields) supplemented with constraints of superspreader events can save us trillions of dollars in future lockdowns (and lawsuits) and be potentially sufficient (under adequate compliance) to stem the pandemic. Bureaucrats do not like simple solutions. [..] Note that by infecting another person you are not infecting just another person. You are infecting many many more and causing systemic risk.
Wear a mask. For the Sake of Others.

Read more …

This won’t sink in for a long time yet.

Millions of US Job Losses Are at Risk of Becoming Permanent (BBG)

Twenty-year-old William Lovely used to work at Jason’s Deli in Virginia Beach, delivering catering orders to surrounding businesses. Now, thanks to the coronavirus, he’s struggling to pay his bills. Laid off in March, he’s gone from regular hours and pay to gigging for UberEats or Instacart, earning up to $100 on some days but often coming home with almost nothing. While the restaurant is trying to slowly reopen, Lovely reckons the best he can hope for is a part-time position, requiring him to keep his second job if he’s going to meet his expenses. “My job stopped, but the bills don’t,” he said. Lovely’s experience goes to the heart of the dilemma facing the world economy as it gradually emerges from the virus-enforced lockdown and unprecedented recession: How many of the millions of lost jobs are gone for good?

The hope is the waves of stimulus doled out by governments and central banks should eventually buoy economies and spark a revival in hiring. Furloughed or redundant workers would then return to their employers. The risk though is that the pandemic is inflicting a “reallocation shock” in which firms and even entire sectors suffer lasting damage. Lost jobs don’t come back and unemployment stays elevated. That would force workers to retrain or relocate, both of which are hard, and governments to do more than just try to spend their way out of trouble. It was a theme hit upon last week by Federal Reserve Chairman Jerome Powell as U.S. central bankers forecast leaving interest rates near zero until 2022 in part because of a surge in unemployment to the highest level since the Great Depression.


There will be “well into the millions of people who don’t get to go back to their old job,” said Powell, who will testify to Congress on the economic outlook this week. “In fact, there may not be a job in that industry for them for some time.” Unfortunately, new research by Bloomberg Economics reckons 30% of U.S. job losses from February to May are the result of a reallocation shock. The analysis — based on the relationship between hiring, firing, openings and unemployment — suggests the labor market will initially recover swiftly, but then level off with millions still unemployed.

Read more …

The louder you say that the bigger the next bank bailout is going to be.

Powell Is Now Helpless (Eric Peters)

“We’re not even thinking about thinking of raising rates,” declared America’s Fed Chairman, all but eliminating uncertainty about the Fed policy path through 2022. The S&P 500 had completed a historic recovery from the pandemic lows to trade higher on the year, its price utterly disconnected from today’s economic devastation. But markets never discount today, they discount tomorrow. And no sooner had they taken a little peek at what prices looked like back on January 1st then they began to plunge. Some blamed signs of a viral resurgence, though that had swirled for days. Others blamed Millennials whose day-trading resembles the dot.com mania. And a few blamed General Milley, America’s top-ranking general, who apologized for joining the President on his ill-fated march to St. John’s Church.

You see, the generals have turned their backs on Trump over his response to demonstrators. The NFL has too; its commissioner apologized for having opposed taking a knee. Even NASCAR banned the Confederate Flag. And as Trump’s re-election prospects tanked, expectations for a dramatic restructuring of America’s economy soared. Efforts to rebalance the division of profits between capital and labor is demanded by a riotous Main Street. But this terrifies Wall Street, which has worked for years with Republicans, Democrats, CEOs and the Fed to extract an ever-increasing share of national prosperity for those who control capital.

This imbalance is central to today’s tumult. “If we held back because we think asset prices are too high – what would happen to those people who we are legally supposed to be serving?” asked Powell rhetorically, unsuccessfully defending himself from a rising chorus of critics who see the Federal Reserve as amplifying inequality. For decades, the central bank accommodated the financialization of the world’s largest economy. Now that the process is largely complete, even a modest market wobble threatens to devastate the real economy. And Powell is now helpless, caught in a trap of the Fed’s making.

Read more …

The Forbes headline says: “Trump DOL Throws…”, but the watering down of asset quality started a long time ago (Greenspan?!). We can pretend that stocks represent real value, but if that were true the Fed would get out of the way in a split second. As I always say: Remember AAA?

US Labor Department Throws 401k Investors To The Wolves (F.)

Trump U. S. Department of Labor watchdogs just opened the door for private equity wolves to sell the highest cost, highest risk, most secretive investments ever devised by Wall Street to 401k plan sponsors. 401k investors will be devoured like lambs to the slaughter. Last week, the U.S. Department of Labor opened the door for plan sponsors to add private equity funds to their 401(k) plans. That’s a huge win for the private equity industry since 401ks hold nearly $9 trillion in assets and a monstrous setback to American workers who invest in 401ks for retirement security.

After over three decades of egregious retail price gouging by mutual fund companies—as to which the DOL turned a blind eye—401k costs have in recent years been trending downward thanks primarily to widespread excessive-fee private class action litigation. Now, if private equity is embraced, 401k costs will skyrocket, risk will dramatically increase and transparency will plummet. Bad enough that DOL—the federal agency which is supposed to protect employer-sponsored retirement benefit plans—welcomed the wolves of Wall Street to feast on workers’ hard-earned savings, but the explanation the agency provided for its reckless action is perverse.

Ramping up the fees and risks to 401k savers will “overcome the effects the coronavirus had had on our economy” and “level the playing field for ordinary investors” by allowing workers to gamble their limited retirement savings like millionaires who can afford to lose lots. [..] Warren Buffett, arguably the world’s most respected investor, recently escalated his criticism of private equity firms. At last year’s Berkshire Hathaway BRK.B annual meeting Buffett stated, “We have seen a number of proposals from private equity firms where the returns are not calculated in a manner that I would regard as honest… If I were running a pension fund, I would be very careful about what was being offered to me.”

Read more …

Until he has a substantial part of the population on these schemes, and a UBI would likely be both cheaper and more efficient. But UBI is a blasphemy.

UK Lawmakers Urge FM Sunak To Add 1 Million Workers To Income Schemes (R.)

British finance minister Rishi Sunak must extend the government’s already huge coronavirus income support measures to include over 1 million more workers who have missed out, lawmakers said on Monday. People who started jobs after a cut-off date in March for the state’s wage subsidy scheme or who set up a company in the last year should not be excluded, the lawmakers from parliament’s influential Treasury Committee said.Self-employed people who earn more than a threshold set by the government, freelancers in industries such as theatre and television and directors of companies who pay themselves in dividends should also be covered, they said. Mel Stride, who chairs the committee, said Sunak had acted quickly to slow an expected surge in unemployment as the crisis escalated in March.


“If it is to be fair and completely fulfil its promise of doing whatever it takes, the government should urgently enact our recommendations to help those who have fallen through the gaps,” he said. Sunak has recognised that some people are not protected by his support plans but has shown no sign of expanding them again. Nearly 9 million jobs are covered by the Coronavirus Job Retention Scheme, which pays temporarily laid-off workers 80% of their salary, capped at 2,500 pounds a month. A separate scheme for self-employed people has received 2.6 million claims. Britain’s budget forecasters have estimated that the two programmes will cost nearly 70 billion pounds ($88 billion) this year, more than the entire government borrowing in the last financial year.

Read more …

This has birthday boy Xi really scared. 11 neigborhoods in Beijing have been shut down.

Beijing Lockdown Spreads In Race To Control Outbreak (SCMP)

Chinese vice-premier Sun Chunlan has prescribed “firm and decisive measures” to prevent the spread of the new coronavirus in Beijing, which reported another 36 new cases in a single day following an outbreak at a food market in the capital. Sun, who has been overseeing China’s Covid-19 control measures since January, told a meeting of the State Council late on Sunday that the risk of the latest outbreak spreading was “very high” because of the market’s large, densely packed and highly mobile population, according to state news agency Xinhua. The new cases bring the number of people affected in the capital by the latest outbreak to 79 – all of them linked to the Xinfadi wholesale market, a food distribution centre in southern Beijing which occupies 107 hectares and supplies food to northern provinces like Shandong, Shanxi, Hebei and Liaoning.


[..] Residential areas near Xinfadi market are once again under strict lockdown, with controlled access pending centralised testing for Covid-19. Beijing Health Commission spokesman Xia Xiaojun said 76,499 samples had been tested on Sunday, with 59 positive. Xia said some of those cases had already been included in the count of confirmed infections, while others were still waiting for diagnosis.

Read more …

Close to 100 new cases.

Sudden Jump In China Virus Cases Causes Futures To Tumble (ZH)

On a day when more than 20 US states are seeing a pick-up in cases, Tokyo reported a jump over the weekend and a fresh outbreak in Beijing prompted officials to close a market there, futures are tumbling, with Eminis down more than 40 points to 2,980 the lowest level since the start of June.The drop follows renewed fears of a second coronavirus wave which massacred shares on Thursday before a modest rebound Friday. But the trigger for tonight’s drop appears to have come out of China, which reported 49 new cases of COVID19 in China on June 14, including 10 imported cases and 39 local cases.

36 local cases were diagnosed in Beijing and 3 in Hebei province, according to the National Health Commission, with China’s Vice Premier Sun Chunlan spooking traders saying that the risks are high for Beijing’s coronavirus resurgence to spread as all cases are related to Xinfadi wholesale market where a large population has visited, according to Xinhua. As reported yesterday, Beijing shut a major food market and imposed lockdown restrictions on residential areas nearby after dozens of people associated with the wholesale market were tested positive for coronavirus.

Additionally, the Global Times reported that 17 out of 19 new imported coronavirus cases registered on Saturday came from South Asia, Chinese health authorities said Sunday, a sharp spike which analysts said indicates that loosening restrictions and worsening contagion in the region poses a danger to the country’s domestic situation. The 17 patients were reported in South China’s Guangdong Province, with 14 flying from Bangladesh and three from India. The 14 patients and the three asymptomatic carriers arrived in Guangzhou on China Southern Airlines flight CZ392 from Dhaka to Guangzhou on Thursday, which prompted the Chinese aviation regulator to suspend the route for four weeks from June 22 in accordance with the latest policy.

Read more …

Here’s a doctor who claims a second wave has started in the US. But I don’t see it. What did happen was that peaks were not simultaneous all over the country, and the first ones were in some of the most populous areas (Northeast).

It’s really just been a shift from Northeast to South and West, though, and I see no overall second wave appearing yet. If and when it does, it will likely also be different in different regions of the country. Note: there is kind of a second wave in Houston.

 

 

 

 

Second Wave Has Begun in US, Medical System May Be Stressed – Doctor (CNBC)

A second wave of coronavirus has started in the U.S. — and people need to remain careful or risk stressing out the health-care system again, said William Schaffner, a professor at the Vanderbilt University School of Medicine. “The second wave has begun,” said the professor of medicine told CNBC’s “Street Signs Asia” on Monday. “We’re opening up across the country, but many, many people are not social distancing, many are not wearing their masks.” Even so, he said he “cannot imagine” a second shutdown due to the impact of the first one. Several states in America have reported recent spikes in Covid-19 cases as measures are eased throughout the country. The U.S. has the highest number of cases in the world. Nearly 2.1 million people have been infected by the disease and more than 115,000 people have died, according to data from Johns Hopkins University.

Schaffner added that mass gatherings and religious services are also being held. “Many people are simply not being careful, they’re being carefree,” he said. “That, of course, will lead to more spread of the Covid virus.” Despite signs of a second wave, Schaffner said the option of another lockdown is “off the table.” Instead, governments, businesses and religious leaders have to work together to promote mask wearing and social distancing in order to flatten the curve. He said wearing masks is “very, very important” and authorities should “persuade and educate” their residents to make this a “social norm.” “If we all do that in respect of each other, then I think we can make some progress,” said Schaffner.

“If we do all the opposite — if we open up, do not have social distancing, don’t wear masks and congregate in large numbers again, we are going to be very stressed in the medical care system,” he warned. “The complete shutdown was such a financial disaster, and had so many social and cultural implications that I cannot imagine we’ll have a shutdown again,” he said. Other countries, however, have not shied away from reimposing measures when new clusters are detected in the community. In May, South Korea shut all night clubs and bars in Seoul after a new cluster surfaced there. Last week, Beijing reportedly banned tourism and locked down 11 neighborhoods in response to infections related to a wholesale market.

Read more …

If things go well, I should be back in Athens soon. The sentiment here is probably more or less the same as in many other countries.

Greeks Against Second Lockdown – Survey (K.)

Greeks are concerned about the impact of the coronavirus on public health and the economy, while also skeptical about the causes and repercussions of the pandemic, according to a survey conducted by Pulse for Kathimerini. Eighty-four percent say that Covid-19 is “definitely” or “perhaps” a serious risk to public health. The risk appears greater among older age groups and educated individuals. Meanwhile, 76 percent say that the health measures, which damaged the economy, were “definitely” or “maybe” necessary. More specifically, the measures were deemed as necessary by 90 percent of New Democracy voters and 62 percent of SYRIZA voters. Concern is widespread. Thirty-two percent are more worried about their financial situation and 23 percent about their health, while 42 percent said that both issues have them “equally concerned.”

Most people say they are against a fresh lockdown in the case of a second wave in the autumn. The restrictions on public movement appear to have taken an economic and psychological toll. As a result, only 21 percent favor a repeat of the “horizontal restrictions.” Meanwhile, 65 percent favor restrictions only in places where a spike in cases is recorded while 10 percent say that the state “must only give recommendations” to citizens. The survey shows that people with lower education and income levels are more likely to question official theories about the origin of the virus. It appears that lower income individuals (usually people with limited educational opportunities) tend to associate Covid-19 with formal structures which they hold responsible for their condition.


More specifically, 33 percent believe that the virus is being used to “intimidate” the public, an equal share say it is being used to enforce compulsory vaccination, while 35 percent say that the virus is used as an excuse to compromise citizens’ personal data. However, Greeks appear relatively immune to the 5G coronavirus conspiracy, as only 10 percent believe there is any connection between the spread of Covid-19 and mobile phone technology. A key reason perhaps is that 5G technology is still not available in Greece. [..] More than half (52 percent) said Covid-19 was created by humans. Of these, 30 percent claim that the virus was created by humans with a specific purpose in mind (like an experiment on population control), while 22 percent say that the virus was created by mistake (like an accident in a lab). Eleven percent said they did not know where the virus might have come from.

Read more …

1) Does Macron -also- mean independence from the EU?
2) The French are not averse to a bit of nationalism, and Macron like many other leaders can and does use the idea that the virus came from abroad to play into it
3) Of course countries should cut their dependence on others when it comes to essential goods, but the EU wants the opposite
4) If there’s one police force that needs reform, it’s the French

Macron Says France Must Seek Greater Economic Independence After Virus (R.)

President Emmanuel Macron said on Sunday he was accelerating France’s exit from its coronavirus lockdown and that the crisis had laid bare the country’s need for greater economic independence. In a televised address to the nation, Macron promised that the 500 billion euro cost of keeping companies afloat and people in jobs during the worst downturn since World War Two would not be passed to households through higher taxes. Restaurants and cafes in Paris will be allowed to reopen fully from Monday, he said, the same day France lifts restrictions at its borders for European Union travellers, bringing sorely needed relief for the hospitality industry.

He said the coronavirus pandemic had exposed the “flaws and fragility” of France’s, and more broadly Europe’s, over-reliance on global supply chains, from the car industry to smart phones and pharmaceuticals. “The only answer is to build a new, stronger economic model, to work and produce more, so as not to rely on others,” Macron said. The coronavirus has killed more than 29,300 people in France and forced Macron, a former investment banker, to suspend his economic and social reform drive aimed at spurring growth, creating jobs and deregulating the economy. The government expects the economy to shrink by 11% in 2020. Macron said he would lay out a detailed blueprint for the final two years of his mandate in July.

[..] The global outpouring of anger has forced France to confront allegations from ethnic minorities and rights groups of racism and brutality within France’s own law enforcement agencies. Macron said skin colour too often reduced a person’s opportunities in France, promising to be unflinching against all discrimination. But he expressed support for French police and said fighting racism should not lead to a “hateful” re-writing of the history of France, whose empire once stretched from the Caribbean to the South Pacific and included much of north and west Africa. “I will be very clear tonight, compatriots: the Republic won’t erase any name from its history. It will forget none of its artworks, it won’t take down statues,” Macron said.

Read more …

The US can only play catch-up, and even that it’s not good at.

Putin: Russia Soon Able To Counter “Indefensible” Hypersonic Weapons (ZH)

The thing about hypersonic missiles is they are supposed to be impossible to defend against. Since Russia began touting its experimental arsenal two years ago, the prospect of devastating weapons capable of traveling at Mach 5, or at least a mile per second, has kept Pentagon generals up at night. “The hypersonic threat is real, it is not imagination,” Air Force Lt. Gen. Samuel Greaves told a D.C. defense conference in 2018. “Greaves comments come amid reports that assess Russia will be capable of fielding a hypersonic glide vehicle, a weapon that no country can defend against, by 2020,” a report at the time underscored alarmingly.

The “indefensible” super weapon… but Russian President Vladimir Putin now says the Kremlin will soon have the technology to defend against it — this as more and more information has been slowly revealed concerning the US Department of Defense’s own multi-billion dollar hypersonics program. Putin made the new comments Sunday: “It’s very likely that we will have means to combat hypersonic weapons by the time the world’s leading countries have such weapons,” he said according to the RIA news agency. Russian state media further said Putin referenced an emerging hypersonins ‘arms race’. The Russian president said that Russia’s rivals will soon be “surprised” when they learn the Russian armed forces will be able to “combat them”.

Putin’s words, as conveyed by RT, were paraphrased as follows: Other nations are hastily designing their own hypersonic weapons – but by the time they are acquired, the Russian military will have learned how to shield the country from them, President Vladimir Putin said. The world’s leading military powers will eventually succeed in developing the ultra-fast weapons, President Vladimir Putin told Russia-1 TV. Russia, meanwhile, which seems to be leading the race for hypersonic dominance, won’t be caught off-guard once that happens, he pledged. I think that we can pleasantly surprise our partners with the fact that when they get these weapons, we will have the means of combating them, with a high degree of probability.

Read more …

Balance.

To Celebrate Obama Day, Here Are Barack’s Greatest Hits (Ben Norton)

To celebrate Obama Day, here are Barack’s greatest hits (wars, coups, slavery, sanctions, al-Qaeda, colonialism) In parts of the United States and the bottomless pit of the internet, today, June 14, is considered “Barack Obama Day.” On social media, the hashtag #ObamaDayJune14th is going viral. So I thought I would commemorate this day by listing some of the former Democratic president’s many accomplishments.

As his supporters are so keen to point out, Obama had no major scandals, you see, except for:
• wearing that tan suit one time
• deporting more people than any other president, 2.7 million, earning the ignominious title “deporter in chief”
• dropping 26,171 bombs on seven Muslim-majority countries in his last year in office alone
• overseeing a genocidal war in Yemen that has killed hundreds of thousands of people and unleashed the largest humanitarian catastrophe on Earth
• supporting al-Qaeda in Syria, funneling billions of dollars of weapons to hardened Salafi-jihadist fanatics to try to destroy the country, and fueling the rise of ISIS
• arming al-Qaeda in Yemen as well
• destroying Libya, once the most prosperous country in Africa, leaving behind a failed state with open-air slave markets
• giving the Israeli apartheid regime $38 billion in unconditional military aid and arming it as it bombed civilians in Gaza (in three separate, barbaric wars: 2008-2009, 2012, and 2014)
• creating the Trans-Pacific Partnership (TPP), a neoliberal “free trade” monstrosity that would have ensured even more dystopian corporate tyranny over the global political and economic system

Oh yeah, and here are some more unforgettable classics from Obama:
• sponsoring the military coup in Honduras, overthrowing its democratically elected left-leaning government and installing a far-right narco-dictatorship led by a neoliberal autocrat whose drug lord brother smuggled thousands of tons of cocaine and machine guns
• managing Project Gunrunner and Operation Fast and Furious, in which the US Bureau of Alcohol, Tobacco, Firearms and Explosives sent thousands of guns to murderous drug cartels in Mexico
• backing the parliamentary coup in Brazil, removing the democratically elected Workers’ Party government and paving the way for the fascist Bolsonaro regime
• supporting a soft coup against the democratically elected government in Paraguay
• overseeing a violent coup against Ukraine’s Russia-leaning elected government with the “Euromaidan” movement, in which neo-Nazis and other fascists played a significant role
• subsequently arming the neo-Nazi Azov Battalion in Ukraine
• prolonging the military occupation of Afghanistan, after promising dozens of times he would end the war by 2014
• maintaining a daily “kill list” (known euphemistically as the “disposition matrix”) in which the US president personally approved extrajudicial assassinations of thousands of people, via a covert drone warfare program spanning multiple continents, regularly bombing countries including, but not limited to, Pakistan, Somalia, Yemen, Afghanistan, Syria, and Iraq

Read more …

The US totally ignores the video that’s central to the entire story, and the Guardian ignores teh fact that it’s published 1,000 Assange smear pieces. What a wonderful world.

Julian Assange Indictment Fails To Mention ‘Collateral Murder’ Video (G.)

US prosecutors have failed to include one of WikiLeaks’ most shocking video revelations in the indictment against Julian Assange, a move that has brought accusations the US doesn’t want its “war crimes” exposed in public. Assange, an Australian citizen, is remanded and in ill health in London’s Belmarsh prison while the US tries to extradite him to face 18 charges – 17 under its Espionage Act – for conspiracy to receive, obtain and disclose classified information. The charges relate largely to the US conduct of wars in Iraq and Afghanistan, including Assange’s publication of the US rules of engagement in Iraq. The prosecution case alleges Assange risked American lives by releasing hundreds of thousands of US intelligence documents.

One of the most famous of the WikiLeaks releases was a video – filmed from a US Apache helicopter, Crazy Horse 1-8, as it mowed down 11 people on 12 July 2007 in Iraq. The video starkly highlights the lax rules of engagement that allowed the killing of men who were neither engaged with nor threatening US forces. Two of those Crazy Horse 1-8 killed in east Baghdad that day were the Reuters photographer Namir Noor-Eldeen, 22, and a driver/fixer, Saeed Chmagh, 40. Their Baghdad bureau chief at the time, Dean Yates, said the US military had repeatedly lied to him – and the world – about what happened, and it was only when Assange released the video (which WikiLeaks posted with the title Collateral Murder) in April 2010 that the full brutal truth of the killings was exposed.

“What he did was 100% an act of truth-telling, exposing to the world what the war in Iraq looks like and how the US military lied … The US knows how embarrassing Collateral Murder is, how shameful it is to the military – they know that there’s potential war crimes on that tape,” Yates said.

Read more …

 

 

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Jun 142020
 


Gustave Dore Dante and Virgil among the gluttons 1868

 

China Reports 57 New Confirmed, 9 Asymptomatic COVID-19 Cases For June 13 (R.)
Clusters of Coronavirus Disease in Communities, Japan, January–April 2020 (CDC)
The Greatest Science Policy Failure For A Generation – Lancer Editor (G.)
Nadler: ‘Eliminating’ Private Insurance Could Pay For ‘Medicare For All’ (JTN)
Congress Spent $3.06 Million On Failed Impeachment Probe (JTN)
How Beijing Cultivated Wall Street’s Giants (SMH)
The Truth About The May Jobs Report (Axios)
Twitter Reinstates Zerohedge After Admitting It Made An “Error” (ZH)
Finishing Touches Being Put On 10 New Criminal Referrals in Russia Probe (JTN)
Julian Assange Just Called (Varoufakis)

 

 

Worldometer reports new cases for June 9 (midnight to midnight GMT+0) at + 132,786 (yesterday was updated to 141,973).

My count from about 6 am EDT to 6 am EDT is + 131,902 cases. Remember: it’s weekend.

 

 

 

 

New cases past 24 hours in:

• US + 28,487
• Brazil + 23,468
• Russia + 8,835
• India + 12,360
• Pakistan + 6,825
• Chile + 6,509

 

 

Cases 7,895,777 (+ 131,902 from yesterday’s 7,763,875)

Deaths 432,882 (+ 4,148 from yesterday’s 428,734)

 

 

 

 

 

 

 

 

 

From Worldometer yesterday evening -before their day’s close-:

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

..a new outbreak has been linked to a meat and vegetable market in south Beijing..

China Reports 57 New Confirmed, 9 Asymptomatic COVID-19 Cases For June 13 (R.)

China reported 57 new confirmed COVID-19 cases for June 13, the highest since April 13, according to data released by the national health authority on Sunday. The National Health Commission said in a statement that 38 of the new confirmed cases were locally transmitted, with 36 of them in Beijing. This is the highest daily infection count for China’s capital since authorities started releasing data. Beijing recorded a jump in new confirmed cases, up from six a day earlier, after it started doing mass-testing at the Xinfadi market in the city’s southwestern Fengtai district.


The district has put itself on a “wartime” footing and the capital banned tourism and sports events on Saturday, sparking fears of a new wave of COVID-19. Nineteen of the new confirmed cases were so-called imported cases involving travellers from overseas, with 17 of them arriving in Guangdong. China also reported nine asymptomatic cases, one new suspected case and no new deaths from COVID-19 for June 13. The total number of COVID-19 cases in mainland China now stands at 83,132, while the death toll remained unchanged at 4,634. China does not count asymptomatic patients, who are infected with the virus but do not display symptoms, as confirmed cases.

Read more …

Clusters of Coronavirus Disease in Communities, Japan, January–April 2020 (CDC)

We investigated clusters of COVID-19 cases and probable primary cases in Japan during January 15–April 4, 2020. We found that healthcare facilities, such as hospitals, and care facilities, such as nursing homes, were the primary sources of clusters, some of which had >100 cases. Japan experienced 2 waves of imported COVID-19 cases, after which local transmission occurred and the epidemic grew (8). Of note, clusters of COVID-19 cases at healthcare and care facilities predominated at epidemiologic weeks 11 (March 9–15) and 14 (March 30–April 4), which corresponds to ≈3 weeks after the 2 waves of imported cases (Figure 1, panel C). Healthcare and care facilities might be located at the end of the local transmission chain because clusters in those facilities only became evident several weeks after community transmission persisted.

We noted many COVID-19 clusters were associated with heavy breathing in close proximity, such as singing at karaoke parties, cheering at clubs, having conversations in bars, and exercising in gymnasiums. Other studies have noted such activities can facilitate clusters of infection (9,10). Japan’s Prime Minister’s Office and the Ministry of Health, Labour and Welfare announced 3 situations that could increase the risk for COVID-19 cases and advised the population to avoid the “Three Cs”: closed spaces with poor ventilation, crowded places, and close-contact settings (11).

Among the probable primary COVID-19 cases we identified from non-nosocomial clusters, half (11/22) were 20–39 years of age, which is younger than the age distribution of all COVID-19 cases in Japan (Figure 2, panel A). We do not know whether social, biological, or both factors play a role in the difference in transmission patterns between the younger and older persons. We also noted probable primary COVID-19 case-patients appear to transmit the virus and generate clusters even in the absence of apparent respiratory symptoms, such as cough.


Figure 2. Analysis of probable primary cases of coronavirus disease (COVID-19) among 22 clusters in communities, Japan. A) Age ranges of probable primary COVID-19 cases in clusters. Age distribution among all COVID-19 cases in Japan is provided as reference. B) Proportions of symptoms among probable primary cases of COVID-19 clusters at transmission (n = 16) and among at laboratory confirmed diagnosis (n = 22). 1, Asymptomatic; 2, fever; 3, fatigue; 4, cough; 5, sore throat; 6, headache; 7, arthralgia or myalgia; 8, runny nose; 9, diarrhea; 10, difficulty breathing. C) Distribution of probable primary cases of COVID-19 clusters by time of transmission compared with illness onset by age groups (n = 16). Six cases were excluded because the time of transmission was undetermined.

Read more …

Richard Horton’s problem today is of course, apart from his bout with cancer, that he was responsible for the entirely fake report on HCQ the Lancet published.

The Greatest Science Policy Failure For A Generation – Lancer Editor (G.)

There is a school of thought that says now is not the time to criticise the government and its scientific advisers about the way they have handled the Covid-19 pandemic. Wait until all the facts are known and the crisis has subsided, goes this thinking, and then we can analyse the performance of those involved. It’s safe to say that Richard Horton, the editor of the influential medical journal the Lancet, is not part of this school. An outspoken critic of what he sees as the medical science establishment’s acquiescence to government, he has written a book that he calls a “reckoning” for the “missed opportunities and appalling misjudgments” here and abroad that have led to “the avoidable deaths of tens of thousands of citizens”.

The Covid-19 Catastrophe: What’s Gone Wrong and How to Stop It Happening Again is a short polemical book, building on a series of excoriating columns Horton has written in the Lancet over the past few months. He lambasts the management of the virus as “the greatest science policy failure for a generation”, attacks the Scientific Advisory Group for Emergencies (Sage) for becoming “the public relations wing of a government that had failed its people”, calls out the medical Royal Colleges, the Academy of Medical Sciences, the British Medical Association (BMA) and Public Health England (PHE) for not reinforcing the WHO’s public health emergency warning back in February, and damns the UK’s response as “slow, complacent and flat-footed”, revealing a “glaringly unprepared” government and a “broken system of obsequious politico-scientific complicity”.

On the page, Horton can sound strident, even arrogant, but that’s not his manner in person at all, at least not in our long Zoom conversation. He’s charming, open, self-critical and full of easy laughter. I suggest that, as bad as things look at the moment, surely people like the chief medical officer, Chris Whitty, and the chief scientific officer, Patrick Vallance, have been doing their best. “Individually, they’re great people,” he says. “I’m not criticising individuals, but the system was a catastrophic failure.” As editor of the Lancet, he’s particularly aggrieved that the series of five academic papers the journal published in late January first describing the novel coronavirus in disturbing detail went unheeded. “In several of the papers they talked about the importance of personal protective equipment,” he reminds me.

“And the importance of testing, the importance of avoiding mass gatherings, the importance of considering school closure, the importance of lockdowns. All of the things that have happened in the last three months here, they’re all in those five papers.” He still can’t understand why the government’s scientific advisers didn’t consult their counterparts in China. The world of medicine is a small one, he says, and everyone knows the people responsible for coordinating the Chinese government’s response. “These are people they could have literally sent an email to, or picked the phone up to, and said, ‘Hey, we read your paper in the Lancet, can it really be as bad as that? What is going on in Wuhan?’ And if they’d done that they would have found out that this was indeed as bad as described.”

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Whereas Jerry Nadler’s problem is that his candidate, Joe Biden, has spoken out against Medicare For All. Wait, Nadler knows that; is he trying to embarrass Biden?

Nadler: ‘Eliminating’ Private Insurance Could Pay For ‘Medicare For All’ (JTN)

Rep. Jerry Nadler (D-N.Y.), chairman of the House Judiciary Committee, suggested Friday that Congress could pay for a “Medicare for all” health care system without raising taxes by eliminating private insurance entirely. During a discussion with the Medicare for All Caucus, Nadler repeated some of the objections that critics of single-payer health care have raised including, “How are we going to pay for it?” and “We’re gonna have to raise taxes and all.” Nadler recommended that Democrats stop engaging in the tax increase debate.

“The entire mechanism, half a trillion dollars a year of private insurance, and not only the money for the profits, but the money for the markets segmenting; the money for the entire administration that all the insurance companies do; the money that all the hospitals and the doctors have to spend to deal with the bureaucracy of insurance companies – that’s half a trillion dollars a year, all of which could be spent on medical care, instead of being spent on either profits or just administrative costs,” Nader said during the discussion.

“It’s a huge amount of money and we could institute a Medicare for all system without increasing taxes. I mean, that’s not a discussion we have to get into because the cost savings from just eliminating the private insurance leech on the system would pay for all of Medicare for all, all the services, everything we’re talking about and when we get to debating this on a political level, again, we ought to be emphasizing that,” he added. Nadler urged Democrats to begin making his argument in favor of Medicare for all on the campaign trail in this election cycle. “I don’t understand why we didn’t point this out enough and we must in the future,” he said. Such an argument will continue to face strong opposition from the country’s estimated $900 billion private insurance industry and those opposed to a completely government-run health care system.

Read more …

More Nadler. He and Schiff will simply say they had every right to do the probe, and lost only because the Senate is partisan. Just like Congress is, but for the other party.

Congress Spent $3.06 Million On Failed Impeachment Probe (JTN)

The Golden Horseshoe is a weekly designation from Just the News intended to highlight egregious examples of wasteful taxpayer spending by the government. The award is named for the horseshoe-shaped toilet seats for military airplanes that cost the Pentagon a whopping $640 each back in the 1980s. This week, our award is going to the the United States Congress for spending $3.06 million in taxpayer dollars between September and December 2019 on the failed impeachment of President Trump. The recently released openthebooks.com report entitled “Congressional Membership Has Its Privileges: Salaries, Pensions, Travel & Other Taxpayer-Funded Perks” breaks down some of the exorbitant annual costs of the nation’s legislative branch.

The oversight report, which is published annually under the Federal Funding Accountability and Transparency Act of 2006, was initially sponsored by the late Senator Tom Coburn (R-Okla.) and then-Senator Barack Obama. According to this year’s analysis, during the period between Sept. 24 2019, when House Speaker Nancy Pelosi declared an impeachment inquiry, and Dec. 13, 2019, when the House Judiciary Committee sent two articles of impeachment to the Senate, the lower chamber ran up a bill to taxpayers of over $3 million. That price tag included the salaries of more than 100 congressional staffers and employees who, for those four months, essentially worked full-time on the impeachment proceedings.

It also factors in the hourly fees of the six attorneys who were hired as lawyers of record for witnesses who made appearances during hearings, and acted as impeachment counsel for the House Democratic impeachment managers throughout the trial. The high cost of the impeachment effort is primarily due to the House’s decision to use congressional staffers to investigate the president for potentially impeachable crimes. For reference, during the impeachment of President Clinton 1998, the majority of the fact-finding was done by Independent Counsel Ken Starr’s staff. For President Nixon’s impeachment inquiry, the bulk of the investigating was handled by special prosecutors Archibald Cox and Leon Jaworski, in addition to a Senate select committee.

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Nutshell: the Fed hands Goldman Sachs buckets full of billions to aid it in selling off the US to China for profit.

How Beijing Cultivated Wall Street’s Giants (SMH)

In November 2018 Peter Navarro, the White House trade adviser who at the time was intimately involved in President Trump’s trade war with Beijing, launched a scathing attack on what he called the “globalist billionaires” of Wall Street. He accused the “self-appointed group of Wall Street bankers and hedge fund managers” of engaging in their own “shuttle diplomacy” with the Chinese side and attempting to sabotage US trade negotiations by putting enormous pressure on the White House to give way to Beijing. Navarro further accused the financial elite of being “unregistered foreign agents” acting as part of Beijing’s influence operations in Washington. It was strong stuff, but was there any foundation to it?

Beijing has been working on Wall Street for a long time. When Prime Minister Zhu Rongji visited the United States in 1999, he holed up in New York’s Astoria Hotel and spent days in back-to-back meetings with business leaders. “Zhu seems never to tire of courting Corporate America,” reported The New York Times. The titans of US finance have for decades been guiding the nation’s China policy. Whenever presidents Clinton, Bush or Obama threatened to take a tougher stance on China’s trade protectionism, currency manipulation or technology theft, Wall Street chiefs used their influence to persuade them to back off. And it was pressure from Wall Street that proved decisive in the Clinton White House’s decision to support China’s admission to the World Trade Organisation, despite China’s serial violation of trade rules.

Twenty years later, The New York Times was writing: “In Washington, on Wall Street and in corporate boardrooms, Beijing has used the country’s size and promise for decades to quell opposition and reward those who helped its rise.” Financial institutions have been Beijing’s most powerful advocates in Washington. The finance sector – the big banks, hedge funds and investment vehicles – is thus in the centre of the map of power in the US, and occupying pride of place is Goldman Sachs. No organisation has been more important to the CCP’s campaign to penetrate US elites, or more willing. For the CCP, titans of finance are easy targets, as there’s a concordance of interests.

Wall Street executives, anticipating an Eldorado when Beijing opens up its vast finance markets to foreigners, have been advising Chinese companies about which American companies to buy and lending them the money to do it, taking a cut from the sales. In the words of a senior White House official, “people who like making deals really like the Chinese Communist Party”. The CCP is pushing on an open door. But the alignment of interests may not be long term, as it’s Beijing’s intention to eventually make Shanghai the financial capital of the world, displacing New York and the City of London. As Lenin reputedly said: “The capitalists will sell us the rope with which we will hang them.”

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The markets gain a trillion on the responses to a few questions of 41,000 Americans. You get what you deserve.

The Truth About The May Jobs Report (Axios)

The responses of fewer than 41,000 people were used to determine a major part of last month’s U.S. unemployment rate, the Bureau of Labor Statistics tells Axios. That’s the lowest number in modern history and is one of many unusual developments in government data collection that have affected important readings for months. The surprises in May’s nonfarm payrolls report, which found there were only 21 million unemployed while 30 million Americans were collecting unemployment insurance benefits, were largely the result of oddities in data collection. A portion of the jobs report is determined by a household survey in which government workers interview people at their homes and determine whether any person over the age of 16 is “employed, unemployed, or not in the labor force” — the only three possible designations.

The coronavirus pandemic has “depressed” survey responses since March, as BLS stopped conducting in-person meetings, restricting its ability to reach new households, Julie Hatch Maxfield, BLS associate commissioner for employment and unemployment statistics, tells Axios. “The first month of the sample we get a lot of information and that sets up the whole thing going forward,” she says. This has taken the response rate from 82% in January to 73% in March to 67% in May. “Response rates probably will be depressed even when interviewers go back into the field,” Maxfield notes. In May, BLS identified 9 million people who had lost their jobs but were counted as “not in the labor force” rather than unemployed because they hadn’t been searching for a job in the last four weeks due to the pandemic.

If those people were considered unemployed it would have taken the unemployment rate to 17.9%. A similar calculation would have put the unemployment rate at 19.8% in April and 7.5% in March, BLS says in a report about the coronavirus pandemic’s impact on its data. A separate “misclassification error” categorized millions of workers who had been absent and likely lost their jobs as employed. Additionally, workers who were paid by their employer for any part of the pay period including the 12th of the month were counted as employed, even if they weren’t actually at their jobs.

Read more …

Too much power. Take it away.

Twitter Reinstates Zerohedge After Admitting It Made An “Error” (ZH)

133 days after Twitter “permanently” banned Zero Hedge on January 31, the social network has reinstated us after admitting it made an error. As a reminder, what happened in late January was confusing. Shortly after we asked if “This [Is] The Man Behind The Global Coronavirus Pandemic”, referring to Wuhan Institute Of Virology scientist Peng Zhou (who three months later was being investigated by western spy agencies for his role in creating Covid) and some low-grade “reporter” from Buzzfeed decided to report us to Twitter for “doxxing” Zhou using publicly available information, Twitter told us that the account had been suspended for “violating Twitter rules against abuse and harassment”, which was false as we neither incited abuse nor harrassment, but merely asked questions.

But the confusing part is that at the same time, Twitter fabricated an entirely different explanation for its decision when speaking to outside media, telling them the suspension was due to “platform manipulation” – whatever that means. An odd mix of conflicting explanations but in any case, neither was true as we said at the time, and as we further told Bloomberg, the suspension was “unjustified, and likely motivated by reasons other than the stated ones” adding that “we are confident that we did not violate any of the stated Twitter terms: we neither incited harassment, nor did we ‘dox’ the public official, whose contact information is as of this moment listed on the Wuhan institute’s website.”

Fast forward to late Friday night, when unexpectedly we received a brief email from Twitter Support informing us that “we made an error in our enforcement action” as a result of which “we have unsuspended your account.” Speaking to Bloomberg, a Twitter spokesperson said that “we made an error in our enforcement action in this case. Based on additional context from the account holder in appeal, we have reinstated the account. We have a dedicated appeals process for all account holders.” Funny how mistakes happen when you ban first and ask questions later (and only when prompted to do so). In any case, no bad blood right – honest mistake? Well, not really: before all this happened, none other than Twitter’s CEO was following us.

Not anymore. The @zerohedge account also remains highly shadow banned (try searching for the actual zerohedge account on twitter, good luck), perhaps as an innocuous consequence of the “error.” That’s OK though, we never expected an apology. We are just glad that we will be able to share facts and perspectives with our now 700K Twitter followers, a number which has spiked by more than 30K in just the past few hours since the suspension was overturned.

Read more …

The Flynn hearing ended in a delay, but these wheels will churn on.

Finishing Touches Being Put On 10 New Criminal Referrals in Russia Probe (JTN)

Congressional Republicans are putting the finishing touches on as many as 10 new criminal referrals asking the Justice Department to investigate key figures in the Russia probe for misconduct ranging from perjury to illegal leaking of classified information, officials told Just the News. The referrals have been spurred by recently declassified evidence that provided explosive new revelations about the conduct of investigators in the now-disproven Russia collusion case, including documents showing FBI agents planned to shut down their investigation of former Trump National Security Adviser Michael Flynn for lack of evidence in January 2017 before they were overruled by superiors.

Other newly released evidence showed numerous Obama administration officials engaged in unmasking Flynn’s name in secret intelligence intercepts during the transition period after the 2016 election and uncovered conflicts in testimonies previously given by former top FBI and intelligence community officials. “Congress is days away from making multiple criminal referrals to DOJ related to conspiracies against Michael Flynn, crimes committed during the conduct of Crossfire Hurricane, false testimony to Congress by top Obama officials, and criminal leaks of classified information from the top rung of the IC,” said a source with direct knowledge of the referrals. The planned referrals come as the Justice Department has expanded its own criminal investigation into the conduct of current and former employees during the Russia probe.

Attorney General William Barr said this week the investigation is looking at why the FBI tried so aggressively to open and sustain an investigation into Trump’s campaign before the 2016 election when it lacked the sort of evidence to justify it, and whether those efforts amounted to conspiracy to defraud the courts or violate the rights of some of the Americans that were targeted. “I think before the election I think we were concerned about the motive, the force behind the very aggressive investigation that was launched into the Trump Campaign without — you know, with a very thin, slender reed as a basis for it,” Barr told Fox News. “It seemed that the Bureau was sort of spring-loaded at the end of July to drive in there and investigate a campaign. And they — there really wasn’t much there to do that on.”

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Julian is not completely shut off from the world. Good.

Julian Assange Just Called (Varoufakis)

Julian called me a little earlier on, at 14.22 London time to be precise. From Belmarsh High Security Prison of course. This is not the first time but, as you can imagine, every time I hear his voice I feel honoured and moved that he should dial my number when he has such few and far between opportunities to place calls. “I want a perspective on world developments out there – I have none in here”, he said. Which, of course, placed a considerable burden on me to articulate thoughts on capitalism’s fate during this pandemic and the repercussions of it all on politics, geopolitics etc. The knowledge that Her Majesty’s Prison authorities would discontinue our discussion at any moment made the task harder.

In a feeble attempt to paint a picture for him on as broad a canvass as possible, I shared with Julian my main thought of the last weeks: Never before has the world of money (i.e. the money markets, that include the share markets) been so decoupled from the world of real people, real stuff – from the real economy. We watch in awe as GDP, personal incomes, wages, company revenues, businesses small and large, collapse while the stock market is staying relatively unscathed. The other day, Hertz declared bankruptcy. When a company does this, its share price goes to zero. Not now. In fact, Hertz is about to issue $1 billion worth of new shares. Why would anyone buy shares of an officially bankrupt company?

The answer is: Because central banks print mountain ranges of money and give it for almost free to financiers to buy any piece of junk floating around the stock exchange. “Complete zombification of the corporations”, is how I put it to Julian. Julian commented that this proves that governments and central banks can keep corporations afloat even when they sell next to nothing at the marketplace. I agreed. But, I also pointed out a major conundrum that capitalism faces for the first time. It is this: Central bank money printing keeps asset prices very high while the price of ‘stuff’ and wages fall. This disconnect can go on growing.

But, when Hertz, British Airways etc. can survive in this manner, they have no reason not to fire half the workforce and to cut the wages of the other half. This creates more deflation/depression in the real economy. Which means that the Central Banks must print more and more to keep asset and share prices high. At some point, the masses out there will rebel and governments will be under pressure to divert some income to them. But this will deflate asset prices. At that point, because these assets are used by corporations as collateral for all the loans they take out to stay afloat, they will lose access to liquidity. A sequence of corporate failures will commence under circumstances of stagnation. “I don’t think capitalism can easily survive, at least not without huge social and geopolitical conflicts, this conundrum”, was my conclusion.

Julian thought about this for a moment and asked me: “How important is consumption to capitalism? What percentage of GDP is at stake if consumption does not recover? Do the corporations need workers or customers?” I answered that it was high enough to make this conundrum real. Yes, Central Banks and robots can keep the corporations going without customers or workers. But, robots cannot buy the stuff they produce. So, this is not a stable equilibrium. The losses in people’s incomes will accelerate, thus generating pivotal discontent.

Read more …

 

 

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 June 2, 2020  Posted by at 11:19 am Finance Tagged with: , , , , , , , , , ,  21 Responses »


Harris&Ewing F.W. Grand store, Washington, DC 1925

 

China Delayed Releasing Coronavirus Info, Frustrating WHO (AP)
Distancing And Masks Cut COVID19 Risk – Review (R.)
Why Europe is Irrelevant to Challenging China (Balding)
The Forgotten Coup Against ‘The Most Loyal Ally’ (John Pilger)
That Change You Requested…? (Jim Kunstler)
State, Independent Autopsies Agree On George Floyd Homicide, Not On Cause (R.)
Bellingcat: Russians Didn’t Kill George Floyd, But Are Still Bad (RT)
In Appellate Brief, DOJ Unloads On Behavior Of Judge In Flynn Case (Davis)
Julian Assange Too Unwell To Attend Court Hearing (CW)

 

 

Hardware problems this morning, my Chrome on MacBook started crashing and kept on doing it. Figured out it was due to Zerohedge’s ad settings conflicting with that set-up. Will look at the site in Forefox now. Cost a lot of time though.

Thanks for your support for our homeless project in Athens. Some of you are so generous it’s absolutely humbling.

 

 

Brazil overtakes the US for largest COVID-19 growth in the past week.

1 week of NEW cases:
Brazil: 151,600+
US: 144,000+
Russia: 61,400+
India: 51,600+
Peru: 44,500+
Chile: 31,100+

 

 

 

Cases 6,394,316 (+ 106,140 from Saturday’s 6,288,176)

Deaths 377,966 (+ 3,372 from Saturday’s 374,327)

 

 

 

Note: I dropped the SCMP graph, it doesn’t appear very relevant anymore.

From Worldometer yesterday evening -before their day’s close-:

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

 

 

On January 14, China’s no. 1 health official ordered the country to prepare for a pandemic. Only 8 weeks later did teh WHO declare a pandemic. Explanation?!

“On Jan. 13, WHO announced that Thailand had a confirmed case of the virus, jolting Chinese officials. The next day, in a confidential teleconference, China’s top health official ordered the country to prepare for a pandemic, calling the outbreak the “most severe challenge since SARS in 2003”..”

[..] “On Jan. 22, WHO convened an independent committee to determine whether to declare a global health emergency. After two inconclusive meetings where experts were split, they decided against it — even as Chinese officials ordered Wuhan sealed in the biggest quarantine in history. The next day, WHO chief Tedros publicly described the spread of the new coronavirus in China as “limited.“

China Delayed Releasing Coronavirus Info, Frustrating WHO (AP)

Throughout January, the World Health Organization publicly praised China for what it called a speedy response to the new coronavirus. It repeatedly thanked the Chinese government for sharing the genetic map of the virus “immediately,” and said its work and commitment to transparency were “very impressive, and beyond words.” But behind the scenes, it was a much different story, one of significant delays by China and considerable frustration among WHO officials over not getting the information they needed to fight the spread of the deadly virus, The Associated Press has found. Despite the plaudits, China in fact sat on releasing the genetic map, or genome, of the virus for more than a week after three different government labs had fully decoded the information.

Tight controls on information and competition within the Chinese public health system were to blame, according to dozens of interviews and internal documents. Chinese government labs only released the genome after another lab published it ahead of authorities on a virologist website on Jan. 11. Even then, China stalled for at least two weeks more on providing WHO with detailed data on patients and cases, according to recordings of internal meetings held by the U.N. health agency through January — all at a time when the outbreak arguably might have been dramatically slowed. WHO officials were lauding China in public because they wanted to coax more information out of the government, the recordings obtained by the AP suggest.

Privately, they complained in meetings the week of Jan. 6 that China was not sharing enough data to assess how effectively the virus spread between people or what risk it posed to the rest of the world, costing valuable time. “We’re going on very minimal information,” said American epidemiologist Maria Van Kerkhove, now WHO’s technical lead for COVID-19, in one internal meeting. “It’s clearly not enough for you to do proper planning.” “We’re currently at the stage where yes, they’re giving it to us 15 minutes before it appears on CCTV,” said WHO’s top official in China, Dr. Gauden Galea, referring to the state-owned China Central Television, in another meeting. [..] Although international law obliges countries to report information to WHO that could have an impact on public health, the U.N. agency has no enforcement powers and cannot independently investigate epidemics within countries. Instead, it must rely on the cooperation of member states.

[..] “It’s obvious that we could have saved more lives and avoided many, many deaths if China and the WHO had acted faster,” said Ali Mokdad, a professor at the Institute for Health Metrics and Evaluation at the University of Washington. However, Mokdad and other experts also noted that if WHO had been more confrontational with China, it could have triggered a far worse situation of not getting any information at all. If WHO had pushed too hard, it could even have been kicked out of China, said Adam Kamradt-Scott, a global health professor at the University of Sydney. But he added that a delay of just a few days in releasing genetic sequences can be critical in an outbreak. And he noted that as Beijing’s lack of transparency becomes even clearer, WHO director-general Tedros Adhanom Ghebreyesus’s continued defense of China is problematic.

“It’s definitely damaged WHO’s credibility,” said Kamradt-Scott. “Did he go too far? I think the evidence on that is clear….it has led to so many questions about the relationship between China and WHO. It is perhaps a cautionary tale.”

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Because there are idiots who’d want to contest it. The sky is not blue.

Distancing And Masks Cut COVID19 Risk – Review (R.)

Keeping at least one metre apart and wearing face masks and eye protection are the best ways to cut the risk of COVID-19 infection, according to the largest review to date of studies on coronavirus disease transmission. In a review that pooled evidence from 172 studies in 16 countries, researchers found frequent handwashing and good hygiene are also critical – though even all those measures combined can not give full protection. The findings, published in The Lancet journal on Monday, will help guide governments and health agencies, some of whom have given conflicting advice on measures, largely because of limited information about COVID-19.


“Our findings are the first to synthesise all direct information on COVID-19, SARS, and MERS, and provide the currently best available evidence on the optimum use of these common and simple interventions to help ‘flatten the curve’”, said Holger Schünemann from McMaster University in Canada, who co-led the research. Current evidence suggests COVID-19 is most commonly spread by droplets, especially when people cough, and infects by entering through the eyes, nose and mouth, either directly or via contaminated surfaces. For this analysis, an international research team conducted a systematic review of 172 studies assessing distance measures, face masks and eye protection to prevent transmission of three diseases caused by coronaviruses – COVID-19, SARS and MERS.

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“..other than rubber rafts and unused vacation time, Europe can and will contribute nothing to Indo Pacific focused institutions, policies, and security strategies. The US should not be bound by historical alliances to fight different security threats and economic objectives.”

Why Europe is Irrelevant to Challenging China (Balding)

One of the most widely watched geopolitical events is how will Europe respond to Chinese aggression from the national security law in Hong Kong to the invasion of India as well as a range of other events. Given that many have built a counter Trump foreign policy contingent upon attracting European allies to confront China, the importance of Europe in the unfolding geopolitical tragedy becomes even more important. The only problem with the Old World obsession? Europe is almost entirely irrelevant to the China problem. America has a European obsession. Coming out of a post World War II geopolitical environment there is good reason why that was the focus of resource allocation.

This resulted in significant work that focused on the trans Atlantic relationship from bilateral and multilateral alliances and institutions to economic and security relationships that built the post war world. In a post war world, rebuilding Europe rapidly and building alliances to confront the Soviet Union was tantamount. This formed the foundation for the post war institutional and alliance order. However, even beyond the broader institutional and alliance focus many in America looked to Europe as a natural ally that shared the same values but also behaved differently acting as a type of moderating influence on US foreign policy. They preferred to highlight different policy domains like the environment and human rights. They focused on institution building whether it was the European Union or whether it was NATO and post 1989 institutions.

This endeared them to many foreign policy wonks in the United States who admired European sensibilities. However, these threads of foreign policy and institutional alliances also overlooked key problems. First, much of this European cooperation flowed from the need to solve uniquely European centric problems. Whether the NATO security alliance facing the USSR to the United Nations Security Council with the two major victorious European powers as members or receiving financial benefits to rebuild Europe, enormous amounts of the cooperation involved European centric or adjacent needs, alliances, and institutions. In a post WWII world this is not a major problem. In a 2020 Asia focused threat theater, this is a problem.

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Australia went from being a loyal vassal in one empire to the same in the next. A country without an identity or an opinion.

The Forgotten Coup Against ‘The Most Loyal Ally’ (John Pilger)

The Australian High Court has ruled that correspondence between the Queen and the Governor-General of Australia, her viceroy in the former British colony, is no longer “personal” and the property of Buckingham Palace. Why does this matter? Secret letters written in 1975 by the Queen and her man in Canberra, Sir John Kerr, can now be released by the National Archives. Kerr infamously sacked the reformist government of the prime minister, Gough Whitlam, and delivered Australia into the hands of the United States. Today, Australia is a vassal state bar none: its politics, intelligence agencies, military and much of its media are integrated into Washington’s “sphere of dominance” and war plans. In Donald Trump’s current provocations of China, the U.S. bases in Australia are described as the “tip of the spear”.

There is an historical amnesia among Australia’s polite society about the catastrophic events of 1975. An Anglo-American coup overthrew a democratically elected ally in a demeaning scandal in which sections of the Australian elite colluded. This is largely unmentionable. The stamina and achievement of the Australian historian Jenny Hocking in forcing the High Court’s decision are exceptional. Gough Whitlam was driven from government on Nov. 11, 1975. When he died six years ago, his achievements were recognised, if grudgingly, his mistakes noted in false sorrow. The truth of the coup against him, it was hoped, would be buried with him. During the Whitlam years, 1972-75, Australia briefly achieved independence and became intolerably progressive.

The last Australian troops were ordered home from their mercenary service to the American assault on Vietnam. Whitlam’s ministers publicly condemned U.S. barbarities as “mass murder” and the crimes of “maniacs”. The Nixon administration was corrupt, said the Deputy Prime Minister, Jim Cairns, and called for a boycott of American trade. In response, Australian dockers refused to unload American ships. Whitlam moved Australia towards the Non-Aligned Movement and called for a Zone of Peace in the Indian ocean, which the U.S. and Britain opposed. He demanded France cease its nuclear testing in the Pacific. In the UN, Australia spoke up for the Palestinians. Refugees fleeing the CIA-engineered coup in Chile were welcomed into Australia.

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“..it’s not just black people who struggle to thrive in the USA, but everybody else of any ethnic group who is not a hedge fund veep, an employee of BlackRock Financial, or a K-Street lobbyist..”

That Change You Requested…? (Jim Kunstler)

The nation was already reeling from the weird twelve-week Covid-19 lockdown of everyday life and the economic havoc it brought to careers, businesses, and incomes. In Minnesota, the stay-at-home order was just lifted on May 17, but bars and restaurants were still closed until June. Memorial Day, May 25, was one of the first really balmy days of mid-spring, 78 degrees. People were out-and-about, perhaps even feeling frisky after weeks of dreary seclusion. So, once the video of George Floyd’s death got out, the script was set: take it to the streets!

Few Americans were unsympathetic to the protest marches that followed. Remorse, censure, and tears flowed from every official portal, from the mouth and eyes of every political figure in the land. The tableau of Officer Chauvin’s knee on Mr. Floyd’s neck was readymade for statuary. Indeed, there are probably dozens of statues extant in the world of just such a scene expressing one people’s oppression over another. And yet the public sentiments early-on after the George Floyd killing had a stale, ceremonial flavor: The people demand change! End systemic racism! No justice, no peace! How many times have we seen this movie?

What is changing — and suddenly — is that now it’s not just black people who struggle to thrive in the USA, but everybody else of any ethnic group who is not a hedge fund veep, an employee of BlackRock Financial, or a K-Street lobbyist — and even those privileged characters may find themselves in reduced circumstances before long. The prospects of young adults look grimmest of all. They face an economy so disordered that hardly anyone can find something to do that pays enough to support the basics of life, on top of being swindled by the false promises of higher education and the money-lending racket that animates it. So, it’s not surprising that, when night falls, the demons come out.

Things get smashed up and burned down. And all that after being cooped up for weeks on end in the name of an illness that mostly kills people in nursing homes. Ugly as the ANTIFA movement is, it’s exactly what you get when young people realize their future has been stolen from them. Or, more literally, when they are idle and broke and see fabulous wealth all around them in the banks’ glass skyscrapers, and the car showrooms, and the pageants of celebrity fame and fortune on the boob tube. They are extras in a new movie called The Fourth Turning Meets the Long Emergency but they may not know it.

Read more …

The Hennepin County Medical Examiner tried to get away with “no strangulation”, didn’t expect to be corrected.

State, Independent Autopsies Agree On George Floyd Homicide, Not On Cause (R.)

The medical examiner’s finding that the death was a homicide confirms the same conclusion of the independent autopsy that was also released on Monday, but there are key differences over the cause. A press release from the Hennepin County Medical Examiner said that Floyd, who struggled to breathe as an officer pinned him down by kneeling on his neck, had “recent methamphetamine use” and “fentanyl intoxication” – along with hypertension and coronary artery disease – all of which were possible contributing factors to his death. But two doctors who carried out that independent autopsy of Floyd, 46, and two attorneys for the family said that he had no underlying health conditions that may have contributed to his death.

They argued that not only the officer who was kneeing Floyd’s neck killed him, but also two officers who were pressing their weight onto Floyd’s back while he was on the ground. They added that they did not have information on toxicology and any drug or alcohol use by Floyd. Dr. Allecia Wilson of the University of Michigan, one of the two forensic doctors who performed the independent autopsy, said the evidence pointed to homicide by “mechanical asphyxia” meaning from some physical force that interfered with oxygen supply. While the county’s full autopsy report has not yet been released – Monday’s press release appeared to show authorities walked back their conclusions on what killed Floyd.

The original criminal complaint against the police officer who pinned Floyd with his knee cited the medical examiner’s office when it said it found no findings of strangulation. Carolyn Marinan, a spokeswoman for Hennepin County, did not confirm any reversal, saying only that Monday’s press release were the “final findings.”

Read more …

“Your ‘expose’ is multiplying the stupidity in the world.”

Bellingcat: Russians Didn’t Kill George Floyd, But Are Still Bad (RT)

Bellingcat, the UK-based enablers of Western narratives in Syria and Ukraine now fueling US race riots, selectively translated a satirical post from Russian social media shared by RT’s editor-in-chief to get her “canceled.”
On Sunday, Margarita Simonyan shared a Telegram post by Dmitry Steshin, a war correspondent for the newspaper KP, which purported to give “advice” to rioters in the US on how to make their uprising more “successful” along the lines of the 2014 US-backed coup in Ukraine. Given that the post was entirely in Russian, it was obvious that the real objective of Steshin – and Simonyan – was to comment on the Maidan uprising in Kiev and the ensuing war in Ukraine. Not so, declared the self-proclaimed experts on “open-source” intelligence.

Bellingcat selectively translated a handful of sentences from Steshin’s post and accused Simonyan of – what else? – racism. “Bellingcat accusing me of racism for a repost that used the Russian word for a black person is as baseless as me accusing Bellingcat of racism for calling me Russian, and not Armenian (I am both),” Simonyan said in response to the accusations. RT also responded to Bellingcat on Twitter, pointing out that they “missed the point” of the Telegram post, which was not aimed at black protesters in 2020, but satirized the 2014 Ukrainian unrest. Indeed, Simonyan’s post starts with “good advice to black people of Minnesota from a journalist who covered seven Maidans and color revolutions” – referring to US-backed astroturfed protests that often escalated into riots for the purpose of regime change.

Being in Russian, though, the advice was clearly not meant for Minnesotans. While Steshin’s post might have used rough language, “humor norms vary by country. More so in countries not dealing with [the] burden of once being such enthusiastic African slave traders,” RT noted in a retort to Bellingcat. [..] It needs to be said that the declaration by Bellingcat’s founder Eliot Higgins that “Russia is behind the killing of George Floyd to provoke protests and riots” is a stupid take. It’s also a straw man, because even the media outlets stoking the riots only talk of some “Russian playbook” and sowing discord, and other such vague and unprovable insinuations, just as they’ve done for years with ‘Russiagate.’

Read more …

The court’s deadline for Sullivan to explain his ruling was yesterday. Did he comply?

In Appellate Brief, DOJ Unloads On Behavior Of Judge In Flynn Case (Davis)

The Department of Justice on Monday unloaded on the antics of the rogue federal judge overseeing the Michael Flynn trial, accusing him of usurping the constitutional authority of the executive branch to make prosecutorial decisions and ignoring both statutory law and federal court precedent requiring him to dismiss the case against Flynn. After Judge Emmet G. Sullivan refused to grant the unopposed DOJ motion to dismiss the charges against Flynn after the government unearthed and relevant reams of evidence that the government had abused its power and unlawfully targeted Flynn, Flynn’s attorney Sidney Powell filed a writ of mandamus with the U.S. Court of Appeals for the District of Columbia asking it to order the trial court to dismiss the charges against Flynn.

The appellate court ordered Sullivan to respond by close of business on June 1 and invited DOJ to file its own response as well. [..] Sullivan, who at one point accused Flynn, a decorated military combat veteran, of being a traitor to his country, refused to dismiss the charges and instead appointed John Gleeson, a former federal judge, to make arguments to the court about why the unopposed motion to dismiss charges should be denied. Days before Gleeson was appointed by Sullivan, Gleeson co-authored a Washington Post column calling on Sullivan to deny DOJ’s motion to dismiss the Flynn charges. Sullivan also asked Gleeson to provide the trial court with arguments to support new charges of perjury against Flynn.

“The failure to dismiss the indictment was error,” DOJ wrote in its brief. “And the court’s efforts to pursue additional charges of contempt compounded its error.” “When, like many other defendants, petitioner pleaded guilty but later asserted his innocence, he did not expose himself to prosecution for criminal contempt of court,” Francisco and the other DOJ attorneys noted. “The court lacks authority to bring its own prosecution of petitioner, for two independent reasons.”

Read more …

But the judge simply claims Julian refused to attend. She needs to be excused.

Julian Assange Too Unwell To Attend Court Hearing (CW)

Julian Assange, founder of WikiLeaks, was too unwell to attend a court hearing by video link today at Westminster Magistrates’ Court. Assange’s lawyer, Edward Fitzgerald QC, told the court that his client had had respiratory problems for some time. The WikiLeaks founder faces 17 charges under the 1917 Espionage Act after WikiLeaks published a series of leaks from Chelsea Manning, a former US Army soldier turned whistleblower, in 2010-11. The 48-year-old faces a further charge of conspiracy to commit computer intrusion. The charges, filed in an indictment by the Easter District of Virginia, carry a maximum sentence of 175 years. Observers and journalists dialled in to a short court hearing at Westminster Magistrates’ Court, but frequently had difficulty hearing what the lawyers and judge were saying over noises on the line.

According to one journalist present at the court, district judge Vanessa Baraitser said the court had received an email from Belmarsh Prison, saying Assange was “refusing to attend the hearing and refusing to sign a refusal form”. Fitzgerald told the judge that Assange’s solicitor, Gareth Peirce, had sent the court an email on Friday explaining that Assange was unwell with respiratory problems, 7 News reported. The judge said she had hoped to provide the name of the crown court that could hear Assange’s extradition case today, but said she was still waiting for confirmation of the venue. The court heard that the prosecution had been unable to complete a psychiatric report on Assange because a medical expert had been unable to gain access to Belmarsh Prison during the lockdown.

The judge gave the prosecution a deadline of 31 July to produce the psychiatric report on Assange. James Lewis for the prosecution said the defence had served new evidence that would need to be examined to determine admissibility. The judge ordered the prosecution to present a new skeleton argument to the court on 25 August, with the defence skeleton argument due on 1 September, 7 News reported. The next scheduled hearing will take place on 29 June, and a full three-week hearing is due to start on 7 September. In a separate development, 36 members of the European Parliament have called for Assange to be released from Belmarsh on press freedom and humanitarian grounds.

Read more …

 

 

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https://twitter.com/_youhadonejob1/status/1267696839073116162

 

 

“Only A Pawn In Their Game”
March on Washington
August 28, 1963


 

 

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May 222020
 


Cave of swimmers, Gilf Kebir plateau, Sahara c6000 BCE

 

Just 7.3% Of Stockholm Had COVID19 Antibodies By End Of April (G.)
Brazil Suffers Record Daily Coronavirus Death Toll, Soon To Be World No. 2 (R.)
Which US States Meet WHO Recommended Testing Criteria? (Johns Hopkins)
US Layoffs Spread Despite Businesses Reopening (R.)
New Zealand Discussing ‘Helicopter Money’ Handouts To Stimulate Economy (R.)
Washington State Loses 100s Of Millions Of Dollars In Unemployment Fraud (ST)
America’s 600+ Billionaires So Far Made $434 Billion During The Pandemic (F.)
US Prepared To Spend Russia, China Into Oblivion To Win Nuclear Arms Race (R.)
Biden Asks Amy Klobuchar To Undergo Vetting As Possible Running Mate (CBS)
Warren Pivots On ‘Medicare For All’ In Bid To Become Biden’s VP (Pol.)
Appeals Court Orders Judge In Flynn Case To Explain Actions (JTN)
The Railroading of Michael Flynn (Lake)
Russiagate Began With Obama’s Iran Deal Domestic Spying Campaign (Tablet)

 

 

Another record in global new cases over past 24 hrs at 109,627:

• US + 28,215
• Brazil + 17,564
• Russia + 8,894
• India + 7,784
• Peru + 4,749
• Chile + 3,964
• Mexico + 2,973
• Pakistan + 2,603
• Saudi Arabia + 2,532

New deaths
• US + 1,503
• Brazil + 1,188
• Mexico +357
• UK +338

 

 

 

Cases 5,218,496 (+ 109,627 from yesterday’s 5,108,869)

Deaths 335,069 (+ 4,987 from yesterday’s 330,082)

 

 

 

From Worldometer yesterday evening -before their day’s close-

 

 

From Worldometer

 

 

From SCMP:

 

 

From COVID19Info.live:

 

 

 

 

Herd immunity is a failed figment of the imagination, and not one to experiment on the entire population of a country with.

Just 7.3% Of Stockholm Had COVID19 Antibodies By End Of April (G.)

Just 7.3% of Stockholm’s inhabitants had developed Covid-19 antibodies by the end of April, according to a study, raising concerns that the country’s light-touch approach to the coronavirus may not be building up broad immunity. The research by Sweden’s public health agency comes as neighbouring Finland warned that it would be risky to welcome tourists from Sweden after figures suggested the country’s death rate per capita was the highest in Europe over the seven days to 19 May. Sweden’s state epidemiologist, Anders Tegnell, said the Stockholm antibodies figure was “a bit lower than we’d thought”, but added that it reflected the situation some weeks ago and he believed that by now “a little more than 20%” of the capital’s population had probably contracted the virus.


However, the public health agency had previously said it expected about 25% to have been infected by 1 May and Tom Britton, a maths professor who helped develop its forecasting model, said the figure from the study was surprising. “It means either the calculations made by the agency and myself are quite wrong, which is possible, but if that’s the case it’s surprising they are so wrong,” he told the newspaper Dagens Nyheter. “Or more people have been infected than developed antibodies.” Björn Olsen, a professor of infectious medicine at Uppsala University, said herd immunity was a “dangerous and unrealistic” approach. “I think herd immunity is a long way off, if we ever reach it,” he said after the release of the antibody findings.

Read more …

They’re only just starting.

Brazil Suffers Record Daily Coronavirus Death Toll, Soon To Be World No. 2 (R.)

Brazil suffered a record of 1,188 daily coronavirus deaths on Thursday and is fast approaching Russia to become the world’s No. 2 COVID-19 hot spot behind the United States. Brazil also passed 20,000 deaths on Thursday and has 310,087 confirmed cases, up over 18,500 in a single day, according to Health Ministry data. The true numbers are likely higher but Brazil has not carried out widespread testing, the ministry said. President Jair Bolsonaro is under growing pressure for his handling of the outbreak, which looks set to destroy the Brazilian economy and threatens his re-election hopes.


He strongly opposes social distancing measures and has repeatedly pushed for greater usage of chloroquine as a remedy for the virus, despite health experts’ warnings about risks. Bolsonaro’s relationship with governors and mayors has also grown increasingly bitter. The president is angry over local shutdowns to slow the spread of the virus and argues that keeping the economy running is more important. Bolsonaro said he will approve on Thursday or Friday a 60 billion-real ($10.72 billion) federal aid program for states and cities hit by coronavirus but asked governors for support freezing public sector pay increases.

Read more …

An unfortunate format for the graph. Click the link to the original for a somewhat better version.

Which US States Meet WHO Recommended Testing Criteria? (Johns Hopkins)

On May 12, 2020 the World Health Organization (WHO) advised governments that before reopening, rates of positivity in testing (ie, out of all tests conducted, how many came back positive for COVID-19) of should remain at 5% or lower for at least 14 days. If a positivity rate is too high, that may indicate that the state is only testing the sickest patients who seek medical attention, and is not casting a wide enough net to know how much of the virus is spreading within its communities. A low rate of positivity in testing data can be seen as a sign that a state has sufficient testing capacity for the size of their outbreak and is testing enough of its population to make informed decisions about reopening.

Which U.S. states are testing enough to meet the WHO’s goal? The graph below compares states’ rate of positivity to the recommended positivity rate of 5% or below. States that meet the WHO’s recommended criteria appear in green, while the states that are not testing enough to meet the positivity benchmark are in orange.

Read more …

Time to assess what jobs will never return. There will be millions.

US Layoffs Spread Despite Businesses Reopening (R.)

Millions more Americans filed for unemployment benefits last week, more than two months after a shutdown of the country to deal with the coronavirus crisis, pointing to a second wave of layoffs in industries not initially impacted by closures caused by the pandemic. The Labor Department’s weekly jobless claims report on Thursday, the most timely data on the economy’s health, also showed the number of people on unemployment rolls surging to a record high in early May, suggesting that businesses were probably not rushing to rehire workers as they reopen.

This also raises questions about the efficacy of the government’s Paycheck Protection Program. A broad lockdown of the country in mid-March to contain the spread of COVID-19 initially led to layoffs in mostly low-wage consumer-facing businesses such as restaurants and retailers. But economists say weak demand was causing layoffs in other industries like utilities, information, finance and insurance, and education. “This raises the possibility that new private and public sector cutbacks may be creating a major barrier to stopping the labor market bleeding,” said Joel Naroff, chief economist at Naroff Economics in Holland, Pennsylvania.

Initial claims for state unemployment benefits totaled a seasonally adjusted 2.438 million in the week ended May 16, down from 2.687 million in the prior week, the government said. Last week’s claims reading [..] marked the seventh straight weekly decline. First-time claims have been gradually decreasing since hitting a record 6.867 million in the week ended March 28. Still they remained more than triple their peak during the 2007/09 Great Recession. The elevated claims have also been blamed on backlogs after the unprecedented amount of applications overwhelmed state unemployment offices.

[..] Attention is shifting from new claimants for jobless benefits to the number of people still on aid. These so-called continuing claims numbers are reported with a one-week lag, but are considered a better gauge of the labor market. They offer a glimpse into how soon the economy ramps up and companies’ ability to get people off unemployment or keep workers on payrolls as they access their share of a historic fiscal package worth nearly $3 trillion, which offered loans that could be partially forgiven if they were used for employee salaries. Continuing claims surged 2.525 million to a record 25.073 million in the week ending May 9.

Read more …

Nice size economy to try something like it. But they dare not call it UBI.

New Zealand Discussing ‘Helicopter Money’ Handouts To Stimulate Economy (R.)

New Zealand is considering distributing free cash directly to individuals as a way of policy stimulus to help boost the economy reeling from a COVID-19 pandemic driven contraction, Finance Minister Grant Robertson said on Friday. At a regular news conference Robertson was asked to share details about the government’s plans for launching ‘helicopter money’ – whether it would be the central bank printing money and distributing it or the government increasing its borrowing and then handing it out. Robertson said the concept was being discussed but “it’s not something that has got to that level of discussion at all.” “I am pretty keen on making sure that fiscal policy remains the role of the government,” he added.


The idea of helicopter money, or dumping cash unexpectedly onto a struggling economy, is slowly gaining currency among economists and policymakers as the pandemic looks to inflict the worst blow to global growth since the Great Depression in the 1930s. None of the wealthy countries have embarked on it, though, citing risks such as central bank independence and the risk of flaring long-term inflation. In a helicopter money drop, a central bank would directly increase the money supply and, via the government, distribute the new cash to the population with the aim of boosting demand and inflation.

Read more …

An entire state run by gullible grandmas.

Washington State Loses 100s Of Millions Of Dollars In Unemployment Fraud (ST)

Washington state officials have acknowledged the loss of “hundreds of millions of dollars” to an international fraud scheme that hammered the state’s unemployment insurance system and could mean even longer delays for thousands of jobless workers still waiting for legitimate benefits. Suzi LeVine, commissioner of the state Employment Security Department (ESD), disclosed the staggering losses during a news conference Thursday afternoon. LeVine declined to specify how much money was stolen during the scam, which is believed to be orchestrated from Nigeria. But she conceded that the amount was “orders of magnitude above” the $1.6 million that the ESD reported losing to fraudsters in April.

LeVine said state and law enforcement officials were working to recover as much of the money as possible, though she declined to say how much had been returned so far. She also said the ESD had taken “a number of steps” to prevent new fraudulent claims from being filed or paid but would not specify the steps, to avoid alerting criminals. “We do have definitive proof that the countermeasures we have put in place are working,” LeVine said. “We have successfully prevented hundreds of millions of additional dollars from going out to these criminals and prevented thousands of fraudulent claims from being filed.”

Thursday’s disclosure, which came after state officials had largely refused to discuss the scale of the fraud, helped explain the unusual surge in the number of new jobless claims filed last week in Washington. For the week ending May 16, the ESD received 138,733 initial claims for unemployment insurance, a 26.8% increase over the prior week and one of the biggest weekly surges since the coronavirus crisis began. That sharp increase came as the number of initial jobless claims nationwide fell 9.2%, to 2.4 million, according to data released earlier in the day by the Labor Department.

Read more …

Since they won’t stop it, and it can’t last either, it’s up to you.

America’s 600+ Billionaires So Far Made $434 Billion During The Pandemic (F.)

America’s billionaires saw their wealth increase by $434 billion during the course of the global pandemic, according to a new report, a staggering figure that coincided with upheaval to the global economy and more than 38 million Americans filing for unemployment. Per the report by Americans for Tax Fairness and the Institute for Policy Studies’ Program for Inequality, between March 18 and May 19, the total net worth of the 600-plus U.S. billionaires jumped by $434 billion or 15%, based on the group’s analysis of Forbes data. The top five U.S. billionaires (Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Larry Ellison) saw their wealth grow by a total of $75.5 billion.


Amazon founder and CEO Jeff Bezos has seen his net worth grow 30.6% in the past two months, boosting it to $147.6 billion; the fortunes of Bezos and Zuckerberg combined grew by nearly $60 billion, or 14% of the $434 billion total. Tech stocks have continued to rise, with both Facebook and Amazon hitting new all-time highs on Wednesday. While the technology sector has remained strong, many Americans in other markets haven’t been nearly as fortunate, as evidenced by an additional 2.4 million workers filing for temporary unemployment benefits last week, and with 47% of adults reporting that they or another person in their household has lost income since mid-March. Low-income earners have been hit hardest over the last two months, as almost 40% of people working in February and earning less than $40,000 annually have lost their jobs over the last month.

Read more …

They know the US has already lost the arms race, but A) you can’t explain that to the people, and B) the industry must be kept well-fed.

US Prepared To Spend Russia, China Into Oblivion To Win Nuclear Arms Race (R.)

U.S. President Donald Trump’s arms control negotiator on Thursday said the United States is prepared to spend Russia and China “into oblivion” in order to win a new nuclear arms race. “The president has made clear that we have a tried and true practice here. We know how to win these races and we know how to spend the adversary into oblivion. If we have to, we will, but we sure would like to avoid it,” Special Presidential Envoy Marshall Billingslea said in an online presentation to a Washington think tank.

Read more …

Just in case he still doubted he does NOT intend to win.

Biden Asks Amy Klobuchar To Undergo Vetting As Possible Running Mate (CBS)

Senator Amy Klobuchar, Democrat of Minnesota, has been asked by Joe Biden to undergo a formal vetting to be considered as his vice presidential running mate, one of several potential contenders now being scrutinized by his aides ahead of a final decision, according to people familiar with the moves. In an interview with Stephen Colbert on Thursday night, Biden said “no one’s been vetted yet by the team” but confirmed the initial preliminary outreach to gauge interest is “coming to an end now.” Biden said the “invasive” vetting process will soon begin. When pressed on Klobuchar’s chances of making his running mate “short list,” Biden responded positively: “Amy’s first rate, don’t get me wrong.”


The request for information from potential running mates like Klobuchar “is underway,” a senior Biden campaign aide tells CBS News. If a potential contender consents, she should be poised to undergo a rigorous multi-week review of her public and private life and work by a hand-picked group of Biden confidantes, who will review tax returns, public speeches, voting records, past personal relationships and potentially scandalous details from her past. While several are expected to consent to a vetting, at least one potential contender has bowed out. Senator Jeanne Shaheen, Democrat of New Hampshire, who is running for reelection this year, declined Biden’s invitation to be considered, according to a person familiar with her decision. But Senator Maggie Hassan, the other New Hampshire senator, has agreed to be vetted, according to local news reports.

Read more …

https://twitter.com/megslay27/status/1263591562476285954

Warren Pivots On ‘Medicare For All’ In Bid To Become Biden’s VP (Pol.)

In the thick of primary season, Elizabeth Warren and Joe Biden brawled over “Medicare for All”: He called her approach “angry,” “elitist,” “condescending”; she shot back, anyone who defends the health care status quo with industry talking points is “running in the wrong presidential primary.” Six months later, with Biden the presumptive Democratic nominee and Warren in the running for VP, she is striking a more harmonious chord. “I think right now people want to see improvements in our health care system, and that means strengthening the Affordable Care Act,” she told students at the University of Chicago’s Institute of Politics this week, while adding that she still wants to get to single payer eventually.


The shift is the latest public signal Warren has sent Biden’s way in recent weeks that she wants the job of vice president — and wants Biden to see her as a loyal governing partner despite their past clashes, which go back decades. Warren’s policy-centered, team-player pitch is counting on Biden caring more about Jan. 20 than Nov. 3, when he makes his vice presidential pick. In other words, that the current crisis has elevated governing concerns above political ones — and that the times call for someone with her policy chops and, yes, plans.

Read more …

The power of Sidney Powell.

Appeals Court Orders Judge In Flynn Case To Explain Actions (JTN)

A federal appeals court Thursday has agreed to hear a request from Michael Flynn’s legal team to remove the district judge overseeing his case, and has also ordered the judge to explain his controversial and unorthodox conduct in handling it. Judge Emmett Sullivan has been given a June 1 deadline to respond. The government has also been invited to “respond in its discretion” during that window. Flynn’s legal team had filed a request on Tuesday asking the appeals court to remove Judge Emmett Sullivan from the case, claiming the judge was biased against the defendant. Following the Justice Department’s request earlier this month to dismiss the case against Flynn, Sullivan had appointed retired federal Judge John Gleeson to file an amicus curiae brief arguing in favor of not dropping the case against the general.


Flynn’s lawyers sharply criticized Sullivan’s handling of the case. “The district judge’s latest actions – failing to grant the Government’s Motion to Dismiss, appointing a biased and highly-political amicus who has expressed hostility and disdain towards the Justice Department’s decision to dismiss the prosecution, and the promise to set a briefing schedule for widespread amicus participation in further proceedings – bespeaks a judge who is not only biased against Petitioner, but also revels in the notoriety he has created by failing to take the simple step of granting a motion he has no authority to deny,” the Tuesday petition read.

Read more …

Good long overview.

The Railroading of Michael Flynn (Lake)

As it happens, the FBI case manager for the Flynn investigation, Joe Pientka, had indeed drafted a memo closing the Flynn investigation—but he hadn’t filed it formally. Because of Pientka’s “incompetence” (the word was Peter Strzok’s, in a delighted text exchange on January 4, 2017, with his paramour Page), the probe was not shut down and a new predicate wasn’t required. In his motion to dismiss the prosecution of Flynn, U.S. Attorney Timothy Shea said this “sidestepped a modest but critical protection that constrains the investigative reach of law enforcement: the predication threshold for investigating American citizens.”

Until the end of April 2020, Pientka’s memo was kept from Flynn’s counsel and the public. It has been released only now because career U.S. attorney Jeffrey Jensen completed his review of Flynn’s case and declassified documents relevant to it. The Pientka memo provides far more detail on the status of the Flynn investigation than was previously known—and what it shows isn’t pretty. We learn from the memo that after the FBI ran down a lead provided by a confidential human source about Flynn’s contact with a person with links to the Russian state, the bureau could not confirm that any such relationship ever existed. That source was likely Stefan Halper, a fellow at Cambridge University and an intelligence community insider. Halper was being paid by the U.S. government to inform on Flynn as well as another Trump campaign aide, George Papadopoulos.

Flynn’s suspected contact, whose name is redacted in the memo, is likely Svetlana Lokhova. She is a Russian-born academic who, the Guardian and other news outlets reported in 2017, had traveled in the same car with Flynn as they left a Cambridge University seminar in 2016. These stories made it seem as if Lokhova was luring Flynn into a honey trap, during which sex is offered for blackmail leverage later on. “The CIA and FBI were discussing this episode, along with many others, as they assessed Flynn’s suitability to serve as national security adviser,” the Guardian reported.

The Lokhova story was a smear. Two months after it was published, the Guardian was forced to append an embarrassing correction. The correction read in part, “Her lawyers have also subsequently informed us that she does not have privileged access to any Russian intelligence archive. We also wish to make clear, for the avoidance of doubt, that there is no suggestion that Lokhova has ever worked with or for any of the Russian intelligence agencies.” Last year, Lokhova sued Halper and several news organizations for the smear against her.

https://twitter.com/SidneyPowell1/status/1263557289950228481

Read more …

Flynn was opposed to it. He had to go.

Russiagate Began With Obama’s Iran Deal Domestic Spying Campaign (Tablet)

Obama and his foreign policy team were hardly the only people in Washington who had their knives out for Michael Flynn. Nearly everyone did, especially the FBI. As former director of the Defense Intelligence Agency, the Pentagon’s spy service, and a career intelligence officer, Flynn knew how and where to find the documentary evidence of the FBI’s illegal spying operation buried in the agency’s classified files—and the FBI had reason to be terrified of the new president’s anger. The United States Intelligence Community (USIC) as a whole was against the former spy chief, who was promising to conduct a Beltway-wide audit that would force each of the agencies to justify their missions.

Flynn told friends and colleagues he was going to make the entire senior intelligence service hand in their resignations and then detail why their work was vital to national security. Flynn knew the USIC well enough to know that thousands of higher-level bureaucrats wouldn’t make the cut. Flynn had enemies at the very top of the intelligence bureaucracy. In 2014, he’d been fired as DIA head. Under oath in February of that year, he told the truth to a Senate committee—ISIS was not, as the president had said, a “JV team.” They were a serious threat to American citizens and interests and were getting stronger. Former Director of National Intelligence James Clapper and Undersecretary of Defense for Intelligence Michael Vickers then summoned Flynn to the Pentagon and told him he was done.

“Flynn’s warnings that extremists were regrouping and on the rise were inconvenient to an administration that didn’t want to hear any bad news,” says former DIA analyst Oubai Shahbandar. “Flynn’s prophetic warnings would play out exactly as he’d warned shortly after he was fired.” Flynn’s firing appeared to be an end to one of the most remarkable careers in recent American intelligence history. He made his name during the Bush administration’s wars in Iraq and Afghanistan, where soldiers in the field desperately needed intelligence, often collected by other combat units. But there was a clog in the pipeline—the Beltway’s intelligence bureaucracy, which had a stranglehold over the distribution of intelligence.

Flynn described the problem in a 2010 article titled “Fixing Intel: A Blueprint for Making Intelligence Relevant in Afghanistan,” co-written with current Deputy National Security Adviser Matt Pottinger. “Moving up through levels of hierarchy,” they wrote, “is normally a journey into greater degrees of cluelessness.” Their solution was to cut Washington out of the process: Americans in uniform in Iraq and Afghanistan needed that information to accomplish their mission.

Read more …

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May 192020
 


Jack Delano Engineer at AT&SF railroad yard, Clovis, NM 1943

 

US States’ Reopening Plans Are All Over The Map (R.)
Moderna: Early Coronavirus Vaccine Results Are Encouraging (AP)
Trump Says He Is Taking Hydroxychloroquine Despite FDA Warning (R.)
Trump Threatens To Permanently Cut Off WHO Funding (CNBC)
CDC Plans Sweeping COVID19 Antibody Study In 25 Metropolitan Areas (R.)
Coronavirus Deadliest In New York City’s Black And Latino Neighborhoods (R.)
Brazil Sees 674 New Coronavirus Deaths, World’s Third Highest Number Of Infections (R.)
India Coronavirus Infections Surge Past 100,000 (R.)
Agency Staff Were Spreading COVID19 Between Care Homes (G.)
France Sees 70 Cases Linked To Schools Days After Reopening (AP)
COVID19 Rental Hardship Kicked Down The Road To Spring Of ‘Carnage’ (ABC.au)
Don’t Piss Down My Back And Tell Me It’s Raining (Sirota)
The Uncle Joe-Can’t-Internet Criticism Is Mostly Malarkey (VF)
Obama, Biden Not Targeted In US Review Of Russia Probe – Barr (R.)

 

 

• US new cases on May 17 had a “good day” with 18,939, but on May 18 was up to 22,423 again

• US virus deaths fall for second day, with 759 in 24 hours, pass 90,000

• Russia 9,263 new cases from yesterday’s 9709

 

 

 

 

 

Cases 4,911,720 (+ 91,373 from yesterday’s 4,820,347)

Deaths 320,454 (+ 3,487 from yesterday’s 316,967)

 

 

 

From Worldometer yesterday evening -before their day’s close-

 

 

From Worldometer

 

 

From SCMP:

 

 

From COVID19Info.live:

 

 

 

 

“There has not been the slightest hint of interest on the part of Congress in creating a national uniform set of rules..”

“None of the guidelines from the White House are legally binding”

US States’ Reopening Plans Are All Over The Map (R.)

Washington, D.C. Mayor Muriel Bowser has set some distinct goals the federal district needs to meet in order for her to feel comfortable ending a stay-at-home order, she told reporters last week. If the U.S. capital, which reported more than 7,200 cases and around 400 deaths by Monday, hits certain metrics, including a declining number of cases over 14 days and sustained low transmission rate, she could lift the order before it expires on June 8. Neighboring Maryland, home to tens of thousands who commute to D.C. for work, is looking at a different set of data to determine whether it is ready to open up. It includes a plateau in the rate of hospitalizations and the number of cases in hospitals’ intensive-care units.

Virginia, home to tens of thousands more who commute to D.C., has another metric altogether. Governor Ralph Northam said in April the state needed to see a decrease in the percentage of positive tests over 14 days, a decrease in hospitalizations, have enough hospital beds and intensive care capacity and a sustainable supply of personal protective equipment. This situation, with three different leaders using different criteria to decide how to reopen – has been replicated throughout the country, according to data here compiled by the National Governors’ Association. Luisa Franzini, chair of the Department of Health Policy and Management at the University of Maryland’s School of Public Health, said every state seems to be using its own criteria to determine whether to reopen. None is really meeting all the metrics set out by the federal government, Franzini said. Instead local governments appear to be picking “what seems to be working for them.”

New York, the epicenter of the U.S. outbreak, said it would need 30 contact tracers for every 100,000 people, and 90 days of PPE stockpiles before it can “re-open.” Next-door New Jersey is looking for a “14-day trend line” of dropping cases and hospitalizations, and has already allowed some beaches to reopen. Kansas said it needed to see stable or declining case rates over 14 days, but has opened most businesses. Neighboring Missouri, which Kansas City straddles, reopened all business on May 4. South Dakota, site of one of the largest hot spots, said it could not have clusters that posed a risk to the public, and neighboring Minnesota has reopened retail shops.

[..] as with many aspects of handling the pandemic, the final say on how to reopen lies with state and local officials, who under the U.S. Constitution hold the authority here to make laws related to residents’ health and welfare. Federal lawmakers, meanwhile, have not set any new standards for workplace safety, although they could. “There has not been the slightest hint of interest on the part of Congress in creating a national uniform set of rules on business closures and re-openings,” said Robert Chesney, a law professor at the University of Texas. None of the guidelines from the White House are legally binding, he noted. [..] “I hate to say it in these terms,” said Raymond Scheppach, a professor of public policy at the University of Virginia, “but I think we’re in a period of experimentation.”

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How crazy are we? Try this: Moderna’s “encouraging” results are based on tests of 8(!) people. Not an error, just 8 people. Tons of media coverage, and its stock goes to the moon. 8 people. The CEO is selling selling selling stock. And there was an IPO yesterday?!

In other news today: 8 people have now amassed 50% of all wealth of earth. Presumably they are not the same 8 people.

Moderna: Early Coronavirus Vaccine Results Are Encouraging (AP)

An experimental vaccine against the coronavirus showed encouraging results in very early testing, triggering hoped-for immune responses in eight healthy, middle-aged volunteers, its maker announced Monday. Study volunteers given either a low or medium dose of the vaccine by Cambridge, Massachusetts-based Moderna Inc. had antibodies similar to those seen in people who have recovered from COVID-19. In the next phase of the study, led by the U.S. National Institutes of Health, researchers will try to determine which dose is best for a definitive experiment that they aim to start in July.


In all, 45 people have received one or two shots of the vaccine, which was being tested at three different doses. The kind of detailed antibody results needed to assess responses are only available on eight volunteers so far. The vaccine seems safe, the company said, but much more extensive testing is needed to see if it remains so. A high dose version is being dropped after spurring some short-term side effects. The results have not been published and are only from the first of three stages of testing that vaccines and drugs normally undergo. U.S. government officials have launched a project called “Operation Warp Speed” to develop a vaccine and hopefully have 300 million doses by January.

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Obesity means having a body mass index (BMI) of greater than 30. Morbid obesity means having a BMI of 40 or higher.

Trump Says He Is Taking Hydroxychloroquine Despite FDA Warning (R.)

U.S. President Donald Trump, in a surprise announcement, said on Monday he is taking hydroxychloroquine as a preventive medicine against the coronavirus despite medical warnings about the use of the malaria drug. Trump volunteered the disclosure during a question-and-answer session with reporters at the White House as he met restaurant executives whose businesses are reeling from the impact of the virus. “I’m taking hydroxychloroquine,” Trump said. “I’ve been taking it for the last week and a half. A pill every day.” Weeks ago, Trump had promoted the drug as a potential treatment based on a positive report about its use against the virus, but subsequent studies found that it was not helpful. The Food and Drug Administration has issued a warning about its use.

In an April 24 statement, the FDA said it was “aware of reports of serious heart rhythm problems” in patients with COVID-19 treated with hydroxychloroquine or an older drug, chloroquine. Trump, 73, who is tested daily for the virus, said he had asked the White House physician if it was OK to take the drug, and the doctor told him: “Well, if you’d like it.” The president, a well-known germaphobe, has nonetheless refused to wear a protective mask in the West Wing. White House physician Sean Conley said in a memo that Trump was in “very good health” and had been receiving regular COVID-19 testing, which has all been negative since one of his support staff tested positive for the disease two weeks ago.

Democratic House of Representatives Speaker Nancy Pelosi, asked on CNN about Trump’s taking the drug, said: “He’s our president. I would rather he not be taking something that has not been approved by the scientists, especially in his age group and his, shall we say weight group what is morbidly obese, they say.” According to the results of an annual presidential physical examination conducted in February 2019, Trump had gained weight over the past year and was now in the obese range, although remaining in “very good health overall.” Morbid obesity is generally defined as a body mass index (BMI) – a measure of weight relative to height – of 40 or higher. A BMI of 25 to 29.9 is overweight and 30 or above is obese. Senate Democratic leader Chuck Schumer said in an MSNBC interview that what Trump did with hydroxychloroquine was “reckless” and was giving people “false hope.”

Trump’s disclosure came as Moderna reported progress in a potential vaccine for the virus. The only drug that has emerged so far as a potential treatment is Gilead Sciences Inc’s remdesivir.

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Tedros should simply explain the delays.

Trump Threatens To Permanently Cut Off WHO Funding (CNBC)

President Donald Trump threatened to permanently cut off U.S. funding of the World Health Organization, in a letter dated Monday that he shared on Twitter. Trump said that if the WHO “does not commit to major substantive improvements within the next 30 days, I will make my temporary freeze of United States funding to the World Health Organization permanent and reconsider our membership in the organization.” Last month, Trump halted U.S. funding for the WHO as his administration conducted a review of the agency’s response to the Covid-19 pandemic. At the time, the agency said “We are still in the acute phase of a pandemic so now is not the time to cut back on funding.”

It’s not immediately clear how Trump would withhold those funds, much of which are appropriated by Congress. The president typically does not have the authority to unilaterally redirect congressional funding. The renewed threat comes as the Trump administration faces criticism for how it has handled the crisis. The United States is the worst hit country with more than 1.5 million coronavirus cases reported and at least 90,000 deaths, according to data compiled by Johns Hopkins University.

In the Monday letter, Trump said the review “confirmed many of the serious concerns I raised last month.” It also outlines what the White House perceived as “repeated missteps” by the organization and its director-general, Dr. Tedros Adhanom Ghebreyesus. The letter echoes Trump’s previous complaint that the WHO resisted issuing a travel advisory in the early days of the outbreak. When the agency declared the situation a global health emergency in late January, Tedros advised countries against imposing “measures that unnecessarily interfere with international trade or travel.”

Trump said that if the WHO “does not commit to major substantive improvements within the next 30 days, I will make my temporary freeze of United States funding to the World Health Organization permanent and reconsider our membership in the organization.” Last month, Trump halted U.S. funding for the WHO as his administration conducted a review of the agency’s response to the Covid-19 pandemic. At the time, the agency said “We are still in the acute phase of a pandemic so now is not the time to cut back on funding.” It’s not immediately clear how Trump would withhold those funds, much of which are appropriated by Congress. The president typically does not have the authority to unilaterally redirect congressional funding.

The renewed threat comes as the Trump administration faces criticism for how it has handled the crisis. The United States is the worst hit country with more than 1.5 million coronavirus cases reported and at least 90,000 deaths, according to data compiled by Johns Hopkins University. In the Monday letter, Trump said the review “confirmed many of the serious concerns I raised last month.” It also outlines what the White House perceived as “repeated missteps” by the organization and its director-general, Dr. Tedros Adhanom Ghebreyesus.


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In July, when the pandemic has been going for 6 months. Sweeping.

CDC Plans Sweeping COVID19 Antibody Study In 25 Metropolitan Areas (R.)

The U.S. Centers for Disease Control and Prevention (CDC) plans a nationwide study of up to 325,000 people to track how the new coronavirus is spreading across the country into next year and beyond, a CDC spokeswoman and researchers conducting the effort told Reuters. The CDC study, expected to launch in June or July, will test samples from blood donors in 25 metropolitan areas for antibodies created when the immune system fights the coronavirus, said Dr. Michael Busch, director of the nonprofit Vitalant Research Institute. Busch is leading a preliminary version of the study – funded by the National Heart, Lung and Blood Institute and the National Institute of Allergy and Infectious Diseases – that is testing the first 36,000 samples.


The CDC-funded portion, to be formally announced this week, will expand the scope and time frame, taking samples over 18 months to see how antibodies evolve over time, said CDC spokeswoman Kristen Nordlund. Vitalant, a nonprofit that runs blood donation centers and tests samples, will lead the broader effort as well. Researchers aim to publish results on a rolling basis, Nordlund said. Antibody studies, also known as seroprevalence research, are considered critical to understanding where an outbreak is spreading and can help guide decisions on restrictions needed to contain it. The CDC study should also help scientists better understand whether the immune response to COVID wanes over time.

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15 times more deadly is a lot.

Coronavirus Deadliest In New York City’s Black And Latino Neighborhoods (R.)

Some New York City neighborhoods have seen death rates from the novel coronavirus nearly 15 times higher than others, according to data released by New York City’s health department on Monday, showing the disproportionate toll taken on poor communities. The data shows for the first time a breakdown on the number of deaths in each of the city’s more than 60 ZIP codes. The highest death rate was seen on the edge of Brooklyn in a neighborhood dominated by a large subsidized-housing development called Starrett City. Civic leaders had been pushing for the more granular data, which they said would show stark racial and economic disparities after New York City became the heart of one of the worst coronavirus outbreaks in the world in March and April.


In the wealthy, mostly white enclave of Gramercy Park in Manhattan, the rate is 31 deaths per 100,000 residents, the data shows. A long subway ride away in Far Rockaway in the borough of Queens, which is more than 40% black and 25% Latino or Hispanic, the death rate is nearly 15 times higher: 444 deaths per 100,000 residents. “It’s really heartbreaking and it should tug at the moral conscience of the city,” Mark Levine, chairman of the City Council’s health committee, said in an interview. “We knew we had dramatic inequality. This, in graphic form, shows it’s even greater than maybe many of us feared.”

Read more …

Large countries such as Brazil, India, Mexico, Pakisten, Indonesia are a main concern.

Brazil Sees 674 New Coronavirus Deaths, World’s Third Highest Number Of Infections (R.)

Brazil recorded 674 new coronavirus deaths on Monday, the Health Ministry said, and announced a total of 254,220 confirmed cases, overtaking Britain to become the country with the third-highest number of infections behind the United States and Russia. There are now 16,792 people in Brazil who have died from the outbreak, the ministry said. Its daily tally does not indicate that infections and deaths necessarily occurred in the past 24 hours, but rather that the records were entered into the system during that time period.


Brazilian President Jair Bolsonaro has lost popularity over his handling of the pandemic, but he retains a resilient core of support. Last week, Health Minister Nelson Teich resigned, becoming the second top health official to leave the post since the pandemic began. General Eduardo Pazuello is the interim health chief and Bolsonaro is in no hurry to choose his replacement, sources say. According to data from the Health Ministry, São Paulo remains the worst hit by the outbreak, with 63,066 cases and 4,823 deaths. Rio de Janeiro is in second place, with 26,665 infections and 2,852 deaths.

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1.3 billion people. 100,000 ICU beds.

India Coronavirus Infections Surge Past 100,000 (R.)

India reported 4,970 new cases over the previous 24 hours, taking its total to 101,139. Deaths rose by 134 to 3,163. India’s number of cases has easily outstripped that of China, where the virus emerged late last year and which has been one of Asia’s infection hot spots. China has reported nearly 83,000 cases but has kept its daily rise in new infections to single digits for the past week. In contrast, new cases in India have risen by an average of more than 4,000 a day over the past week, according to a Reuters tally based on official data, despite a severe weeks-long lockdown. India officially extended the lockdown on Sunday to May 31, although several states indicated they would allow businesses to reopen.


Health experts and officials are worried about the strain the epidemic is placing on India’s over-stretched and under-funded hospital system. Dhruva Chaudhry, president of the Indian Society of Critical Care Medicine, told Reuters last month that India probably had only about 100,000 intensive care unit (ICU) beds and 40,000 ventilators. Chaudhry warned there was not sufficient infrastructure or staff in the country of 1.35 billion people to handle a sharp spike in the number of critical patients. [..] India’s death rate is less than that of some other big countries, at 3%, compared with about 6% for the United States, where some 89,000 people have died, and 14% for Britain.

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A global problem.

Agency Staff Were Spreading COVID19 Between Care Homes (G.)

Temporary care workers transmitted Covid-19 between care homes as cases surged, according to an unpublished government study which used genome tracking to investigate outbreaks. In evidence that raises further questions about ministers’ claims to have “thrown a protective ring around care homes”, it emerged that agency workers – often employed on zero-hours contracts – unwittingly spread the infection as the pandemic grew, according to the study by Public Health England (PHE). The genome tracking research into the behaviour of the virus in six care homes in London found that, in some cases, workers who transmitted coronavirus had been drafted in to cover for care home staff who were self-isolating expressly to prevent the vulnerable people they look after from becoming infected.

At least 22,000 people are estimated to have died in care homes in England and Wales directly or indirectly from Covid-19. While the peak appears to have passed, the crisis is far from over for the country’s 400,000 care home residents, with some providers reporting fresh outbreaks and hospitalisations at the weekend. [..] Results from the PHE study, conducted over Easter weekend from 11 to 13 April, have been known about inside the Department of Health and Social Care (DHSC) since at least the end of last month, but were only circulated last week to care home providers, councils and local directors of public health.

It was referenced as part of a £600m infection control plan, which adult social care directors said came “tragically late in the day” given the peak of deaths in care homes appeared to have already passed. The study warned: “Infection is spreading from care home to care home, linked to changed patterns of staffing, working across and moving between homes.” The infection could be introduced by “bank staff” – floating workers used to fill temporary vacancies in different homes – it said, adding that workers were often asymptomatic so “by the time local health protection teams are informed of an outbreak substantial transmission may already have occurred”.

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70 isn’t much out of millions of schoolchildren. Plus, they’s have been infected beforehand, incubation time is 4-5 days minimum. Oh wait, that means at least 70 kids have been free to spread the virus for days on end.

France Sees 70 Cases Linked To Schools Days After Reopening (AP)

Just a week after one-third of French schoolchildren went back to school in an easing of the coronavirus lockdown, there has been a flurry of about 70 Covid-19 cases linked to schools. Some schools were opened last week and a further 150,000 secondary school students went back to the classroom on Monday as further restrictions were loosened by the government. The move initially spelled relief: the end of homeschooling for many hundreds of thousands of exhausted French parents, many of whom were also working from home.


But French education minister Jean-Michel Blanquer sounded the alarm on Monday, telling French radio RTL that the return has put some children in new danger of contamination. He said the affected schools are being closed immediately. French media reported that seven schools in northern France were closed. The situation highlights the precarious situation the French government is finding itself in as it seeks both to reassure the public that the country is moving forward past coronavirus and to react prudently to safeguard public health. Mr Blanquer did not specify if the 70 cases of Covid-19 were among students or teachers.

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In September all relief has to be paid back. By people who still won’t have jobs then.

COVID19 Rental Hardship Kicked Down The Road To Spring Of ‘Carnage’ (ABC.au)

An eviction “ban”; a mortgage pause for landlords; income support for renters: extraordinary measures by governments and banks have stopped an eviction surge, kept Australia’s 8 million renters in their homes and helped landlords struggling with loans. But the temporary measures mask a growing problem: many renters are receiving “reductions” that are really deferrals, accruing thousands of dollars in debts they will never be able to repay. [..] Half of the nation’s workforce are on income support through an increased JobSeeker payment or the JobKeeper wage subsidy. Both expire after six months. In addition, the eviction ban and the big four banks’ offer to pause mortgage repayments for landlords expire around the end of September too. Shelter WA chief executive Michelle Mackenzie dreads to think about what will happen when all those supports end within days of each other.


“The world’s going to collapse.” JobSeeker, previously named Newstart or known colloquially as “the dole”, was effectively doubled through the addition of a coronavirus supplement. The extra payment boosted the amount unemployed people receive from $550 per fortnight — below the poverty line — to $1,100 a fortnight. Ms Mackenzie wants it made permanent, along with increases to Commonwealth rental assistance and investment in social housing. “It would stop the shock at the moment,” she said. Ms Mackenzie said some of her colleagues in community housing associations, who support tenants in government-supplied housing, have almost 40 per cent of their clients in arrears. The growing debt balloon in the private market could lead to increased homelessness, she added. “It’s really just deferring what’s a huge problem down the track,” she said.

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Bernie staffer Sirota is on to something, but is there anyone left who thinks US healthcare can be salvaged?

Don’t Piss Down My Back And Tell Me It’s Raining (Sirota)

Customers pay big money to purchase health insurance policies, but when they go to actually use the insurance product they bought, almost 1 in 5 in-network claims are denied — and we accept this as just a normal part of life in the world’s richest nation. This is quite a feat — the insurance industry has created for itself a unique carveout from human civilization’s most elemental economic laws about services being delivered in exchange for payment. And now as insurers rake in huge profits during a lethal pandemic, the industry’s propagandists are going a step further, insinuating that while insurance companies may begrudgingly pay some policyholders’ claims out of a sense of altruism, they don’t necessarily have a legal obligation to do so.

“It’s Actually A Selfless Act” This was the sentiment expressed by an insurance industry front group, defending a new initiative that eschews an expansion of Medicare and instead purports to address the COVID crisis by funneling money to insurance corporations through the COBRA program. That program allows laid off workers to keep their existing health care coverage, but only if they somehow find the cash to pay both the employee and employer side of health care premiums. The COBRA provision was written by Democratic lawmakers at the request of industry trade associations — and just after insurers’ lobbyists raised hundreds of thousands of dollars for House Democrats’ campaign committee.

In response to COBRA critics like Medicare for All proponent Bernie Sanders, here’s what Heather Meade, a spokesperson for the insurance industry-backed Alliance to Fight for Health Care, told Politico: “It would be helpful for them to remember that it’s actually a selfless act of employers to do this,” Meade said. “This bill pays just for the premiums, and either the insurance companies or the employers would pay the claims for people who are no longer employees. So it’s a lack of understanding of how COBRA actually works. There’s no bailout here.”

There’s that scene in The Outlaw Josey Wales when Captain Fletcher tells a senator: ”Don’t piss down my back and tell me it’s raining.” Well, that’s exactly what’s happening here: the insurance industry is urinating on us and telling us to thank them for the precipitation. Think about it: A health insurance company’s product — the very widget that it exists to sell — is security. The entire reason you pay a health insurance premium through your job is so that you receive a health insurance policy — one that presumably grants you the security of knowing that your medical claims will be paid out if you get sick. That assurance is literally the thing you are purchasing. And yet, we are now being told to believe that “it’s actually a selfless act” when insurance corporations and employers decide to “pay the claims” that are supposed to be covered by the policy you bought.

Read more …

Stay in the basement.

The Uncle Joe-Can’t-Internet Criticism Is Mostly Malarkey (VF)

To state the obvious: Of course Biden is losing the internet. Bernie Sanders, Pete Buttigieg, Elizabeth Warren, Beto O’Rourke, Andrew Yang, and Kamala Harris would all be losing the internet to Trump too, especially in the fog of a global crisis. Trump is an incumbent president who has been building a reelection campaign for almost four years. His strengths, online and off, flow from the political asymmetry he’s created for himself. Trump has little interest in the facts or decorum to which most Democrats and members of the press are still bound. His deliberate provocations lend themselves perfectly to the clickbait of the platforms and the outrage porn of cable news.

Trump is such brain poison for the media that CNN prime-time hosts now devote their entire A-blocks to breathless anti-Trump harangues, which are gleefully spun by the Trump campaign into base-rallying cries of “Fake News,” email blasts, and Facebook fundraising ads that can be tested and reoptimized thousands of times over. The Trump campaign and the Republican National Committee have combined to raise over $700 million so far this cycle, more than Obama did at this point in his 2012 reelection campaign. In 2016, the Trump campaign was held together by duct tape, Facebook ads, and a megaphone handed to them by TV news executives. But to their credit, Trump aides took a groundbreaking risk by devoting nearly half of their advertising budget to digital rather than TV ads, which proved themselves rather useless in a campaign defined by earned media controversies.

In 2020, with a huge staff at his disposal, Trump campaign manager Brad Parscale can afford to do much more, experimenting and expanding his online reach far beyond the field of view of most Beltway-dwellers. Trump has more than 1.5 million followers on Snapchat, where his campaign test-drives messaging and regularly bumps his Snapchat followers across platforms into near-daily YouTube livestreams. His supporters are so loyal that they create low-grade content on their own and share it with their own networks, through podcasts, memes, or just old-fashioned handmade signs. Trump’s knack for weaponizing culture and turning politics into a contact sport means that everyone on his team wants a red jersey.

The Trump campaign sold $4 million worth of MAGA merchandise in March and April alone, according to CBS News. Parscale even previewed a new Trump–Pence 2020 COVID-19 face mask on Twitter, which was promptly mocked by the blue-checkmark crowd, ensuring that Parscale will sell thousands of them. Biden’s armchair quarterbacks point worriedly to the Trump campaign’s bombastic fundraising texts and his app, which can feel like being inside a Las Vegas casino, with its point-collecting contests and huge fonts. But Trump’s digital program—indeed his entire campaign—works because it mirrors who Trump is.

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It depends on John Durham, or so it seems. Problem is so many roads appear to lead to the White House.

Obama, Biden Not Targeted In US Review Of Russia Probe – Barr (R.)

U.S. Attorney General William Barr said on Monday he does not expect a Justice Department review of the FBI’s handling of 2016 election interference to lead to criminal investigation of former President Barack Obama or former Vice President Joe Biden. “As to President Obama and Vice President Biden, whatever their level of involvement, based on the information I have today, I don’t expect Mr. Durham’s work will lead to a criminal investigation of either man,” Barr said. Federal prosecutor John Durham is reviewing the origins of the investigation of Russia’s 2016 election interference. President Donald Trump in recent weeks has repeatedly referred to a scandal he calls “Obamagate,” saying without evidence that Obama was tied to “the biggest political crime in American history.”


Trump stepped up those claims as he faced criticism for the administration’s handling of the coronavirus pandemic that has killed more than 88,000 Americans, and prepares to face Biden in the November election. Barr added that the election should be decided strictly on policy debates, and that any investigation of a political candidate would need to be approved by him personally. “We cannot allow this process to be hijacked by efforts to drum up criminal investigations of either candidate,” Barr said. Barr did not rule out the possibility of others being criminally investigated, without offering specifics.

Read more …

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