Oct 122019
 
 October 12, 2019  Posted by at 9:19 am Finance Tagged with: , , , , , , , , , ,  9 Responses »


Balthus Girl at the window 1955

 

US Delays China Tariff Increase As Trump Claims ‘Substantial’ Deal (G.)
Boris Johnson’s Major U-Turn Sets Up 48 Hours To Clinch Brexit Deal (G.)
Turkey Attacks US Special Forces In Syria (NW)
Turkey Vows To Keep Up Syria Assault As US Says Troops Came Under Fire (AFP)
US Lawmakers Press Again For Stronger Trump Action On Turkey (R.)
In Memoriam: Reality (Kunstler)
Boeing Board Strips CEO Of Chairman Title Amid 737 MAX Crisis (R.)
Facebook’s Libra Currency Abandoned By Major Financial Companies (R.)
US SEC Halts Telegram’s $1.7 Billion Digital Token Offering (R.)
Rising Used Car Prices Help Push Poor Americans Over The Edge (R.)
Saudi Naval Blockade Sparks Fresh Humanitarian Crisis in Yemen (MPN)
Human, Organ Trafficking Booming in Yemen as War Enters its Fifth Year (MPN)
Julian Assange To Remain Locked Up In UK Prison (RT)

 

 

Not much of a deal, but lots of talk, from what I understand. Still, 1.3 billion Chinese need food.

US Delays China Tariff Increase As Trump Claims ‘Substantial’ Deal (G.)

Donald Trump announced a “very substantial phase one deal” to solve the long-running trade dispute with China. After a two-day meeting in Washington between US and Chinese officials on Friday Trump announced a delay on plans to raise tariffs on $250bn worth of goods to 30% on 15 October. A further 15% tariff on almost all remaining Chinese imports including laptops, smartphone, footwear and clothing is still set to be imposed on 15 December unless a deal can be reached with Beijing. Trump said progress had been made on allegations of currency manipulation, intellectual property theft and other issues.


China also agreed to increase its purchases of US agricultural goods and further open up its market to foreign financial services companies. The deal has not been written yet and may take weeks to finalize. Speaking in the White House Trump said: “I think we have a lot of good faith right now.” He said the agreement was bigger than a trade deal. “There was a lot of friction between the US and China and now it’s a lovefest,” said Trump. Earlier Trump had tweeted there were “warmer feelings” in US-China trade talks. The news helped boost stock prices with the Dow Jones Industrial Average closing up 319 points and the S&P 500 snapping a three-week losing streak.

Read more …

Will Northern Ireland remain in the customs union forever?

Boris Johnson’s Major U-Turn Sets Up 48 Hours To Clinch Brexit Deal (G.)

Boris Johnson has signalled that he will make a last-ditch U-turn on his plans for the Irish border, setting up 48 hours of intense negotiations that will make or break a Brexit deal. On a day of rapid movement in talks, EU sources said the prime minister had conceded that there could not be a customs border on the island of Ireland – a critical step away from his previous position. That came after European ambassadors prompted tentative hope of a deal by giving the green light for what some diplomats described as a “tunnel” discussion in which a small team of negotiators meet for intensive talks to find a break-through moment.


The Democratic Unionist party and European Research Group (ERG), a group of rightwing Conservatives, later issued statements promising flexibility, keeping hope alive that Johnson could find support for a new offer in the House of Commons. But amid ongoing scepticism that a deal could be forced through in the short time left and with Angela Merkel due to hold talks with Emmanuel Macron on Sunday night, the prime minister faces a frantic race to push through his fresh proposals with Brussels or at home. “The UK has accepted that there is not a deal that involves a border on the island of Ireland – that is a big break from what they were saying,” one EU source said. “Now the key is for them to lay out how their new position over the weekend.”

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Tweet: “Coalition official tells me after Turkish bombing near US base Mashtenour hill: “They know we are there, we told them our position. There’s no other target in the area. They’re trying to drive us out. If Turkey can get us to leave so they can siege Kobane, it’s all over.”

Turkey Attacks US Special Forces In Syria (NW)

A contingent of U.S. Special Forces was caught up in Turkish shelling against U.S.-backed Kurdish positions in northern Syria, days after President Donald Trump told his Turkish counterpart he would withdraw U.S. troops from certain positions in the area. A senior Pentagon official said shelling by the Turkish forces was so heavy that the U.S. personnel considered firing back in self-defense. Newsweek has learned through both an Iraqi Kurdish intelligence official and the senior Pentagon official that Special Forces operating on Mashtenour hill in the majority-Kurdish city of Kobani fell under artillery fire from Turkish forces conducting their so-called “Operation Peace Spring” against Kurdish fighters backed by the U.S. but considered terrorist organizations by Turkey. No injuries have been reported.


Instead of returning fire, the Special Forces withdrew once the shelling had ceased. Newsweek previously reported Wednesday that the current rules of engagement for U.S. forces continue to be centered around self-defense and that no order has been issued by the Pentagon for a complete withdrawal from Syria. The Pentagon official said that Turkish forces should be aware of U.S. positions “down to the grid.” The official could not specify the exact number of personnel present, but indicated they were “small numbers below company level,” so somewhere between 15 and 100 troops. Newsweek has reached out to the Pentagon for comment on the situation.

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US soldiers are more important than Kurdish children.

Turkey Vows To Keep Up Syria Assault As US Says Troops Came Under Fire (AFP)

Battles raged in Syria as Turkish President Recep Tayyip Erdogan vowed to press on with a deadly assault against Kurdish forces, while the Pentagon said Friday US troops came under artillery fire from Turkish positions. Erdogan’s pledge to keep up the offensive, which the UN says has displaced more than 100,000 people since it began on Wednesday, came as the US Treasury warned President Donald Trump was planning to activate “very powerful” sanctions on Ankara. Trump, whose order to pull back US troops from the border this week effectively triggered the intervention, has faced a firestorm of criticism for appearing to give a green light to the push.

Turkey is targeting the Kurdish-led Syrian Democratic Forces (SDF), a key US ally in the five-year battle to crush the Islamic State group. A Pentagon spokesman confirmed an explosion within a few hundred meters of its post close to the northern Syrian border, in an area “known by the Turks to have US forces present”. “All US troops are accounted for with no injuries,” Navy Captain Brook DeWalt said in a statement. US forces had not withdrawn from their position near the town of Kobani, he said. “The US demands that Turkey avoid actions that could result in immediate defensive action,” warned DeWalt.

Earlier Friday, US Defence Secretary Mark Esper “strongly encouraged” Turkey to halt its offensive as a prelude to such negotiations, warning of “serious consequences”. But Erdogan vowed the assault “will not stop”. “Now there are threats coming from left and right, telling us to stop this,” he said. “We will not step back.” Treasury Secretary Steven Mnuchin said Trump had authorized — but not yet activated — new sanctions to dissuade Turkey from further offensive military action. “We can shut down the Turkish economy if we need to,” he said.

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This will build.

US Lawmakers Press Again For Stronger Trump Action On Turkey (R.)

U.S. lawmakers introduced more legislation on Friday seeking to slap stiff sanctions on Turkey over its offensive against Kurdish fighters in Syria, underscoring unhappiness from both Democrats and President Donald Trump’s fellow Republicans in Congress over his Syria policy. Representatives Eliot Engel, the Democratic chairman of the U.S. House of Representatives Foreign Affairs Committee, and Mike McCaul, the committee’s ranking Republican, introduced a bill that would sanction Turkish officials involved in the Syria operation and banks involved with Turkey’s defense sector until Turkey ends military operations in Syria. It also would stop arms from going to Turkish forces in Syria, and require the administration to impose existing sanctions on Turkey for its purchase of a Russian S-400 missile-defense system.


On Sunday, Trump abruptly shifted policy and said he was withdrawing U.S. forces from northeastern Syria, clearing the way for Turkey to launch an assault across the border. Turkey began the offensive quickly, pounding Kurdish militias, who had spent many months fighting alongside U.S. forces against Islamic State militants. Earlier, Engel and McCaul had introduced a resolution expressing strong support for Kurdish forces in Syria and recognizing their contribution to the fight against Islamic State. It also called on Turkey to immediately stop military action in northeast Syria and called on the United States to stand with Syrian Kurdish communities affected by violence.

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“The nation has been too preoccupied with political mud-wrestling to notice that the US debt has gone hockey-stick parabolic..”

In Memoriam: Reality (Kunstler)

The Golden Golem of Greatness shifted into mad bull overdrive for last night’s Minneapolis fan rally, cussing and bellowing at the picadors of the Left who have been sticking lances in his neck for three years. Decorum is not Mr. Trump’s strong suit, but then the bull is not sent into the ring to negotiate politely for his life. The narrative of the bullring is certain death. The bull must do what he can within his nature to dispute it. It’s in Mr. Trump’s nature to act the part of a reality TV star, and, of course, it is the nature of reality TV shows to be unreal. That is perhaps the ruling paradox of life in the USA these days.

Saturated in unreality, the spectators (also called “voters”) flounder through a relentless barrage of narratives aimed at confounding them, with the unreal expectation that they can make sense of unreal things. In a place like Minneapolis of an October evening, you can go see the Joker movie or take in the President’s rally — and come away with the same sense of hyper-unreality. We’re no longer the nation we pretend to be and we don’t know it. Jokers are wild and the joke’s on us. So it goes in these dangerous autumn days of The Fourth Turning. Something’s got to give, and all indications are it will happen where few are looking at the moment: the sideshow of money and banking.

When things start slip-sliding away over in that alternative universe, Mr. Trump will be propelled into the role he was cast for in 2016: bag-holder for economic collapse. The global slowdown of productive activity and commerce is undermining a vast network of dubious financial obligations ruled by an overgrowth of loans that will never be paid back. Unlike New York real estate moguls, the whole world can’t just go into bankruptcy court and apply for a fresh start. The “workout” is brutal and produces epoch-defining trauma. The nation has been too preoccupied with political mud-wrestling to notice that the US debt has gone hockey-stick parabolic, racking up $814 billion just since August. Math majors may see that’s close to a trillion dollars, or 4 percent of the total $22,837 trillion, just in a few months.

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“..to strengthen the company’s governance and safety management processes,” the company said.”

Boeing Board Strips CEO Of Chairman Title Amid 737 MAX Crisis (R.)

Boeing Co’s board has stripped chief executive Dennis Muilenburg of his chairmanship title, in an unexpected strategy shift announced by the U.S. planemaker on Friday only hours after a global aviation panel criticized development of the troubled 737 MAX. Separating the roles, which will enable Muilenburg to have “maximum focus” on steering daily operations, was the latest step the board has taken in recent weeks to improve executive oversight of its engineering ranks and industrial operations. Lead Director David Calhoun, a senior managing director at Blackstone Group, will takeover as non-executive chairman, Boeing said in its announcement, which came late on Friday afternoon without warning.


It added that the board had “full confidence” in Muilenburg, who will retain the top job and remain on the board. The decision came as Boeing struggles to get its best-selling 737 MAX back into service following a worldwide safety ban in March triggered by two crashes that killed a total of 346 people in Ethiopia and Indonesia. It also comes some six months after Muilenburg survived a shareholder motion to split his chairman and CEO roles, part of the intense pressure he has faced during the worst crisis of his four years at the helm of the world’s largest planemaker. “This decision is the latest of several actions by the board of directors and Boeing senior leadership to strengthen the company’s governance and safety management processes,” the company said.

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I said last week that Paypal wouldn’t be the only one.

Facebook’s Libra Currency Abandoned By Major Financial Companies (R.)

Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project. The two companies announced they would leave the association Friday afternoon, as did EBay Inc, Stripe Inc. and Latin American payments company Mercado Pago. They join PayPal Holdings Inc which exited the group a week ago, as global regulators continue to air concerns about the project. The latest exodus leaves the Libra Association without any remaining major payments companies as members, meaning it can no longer count on a global player to help consumers turn their currency into Libra and facilitate transactions.


The remaining association members, including Lyft and Vodafone, consist mainly of venture capital, telecommunications, blockchain and technology companies, as well as nonprofit groups. “Visa has decided not to join the Libra Association at this time,” the company said in a statement. “We will continue to evaluate and our ultimate decision will be determined by a number of factors, including the Association’s ability to fully satisfy all requisite regulatory expectations.” Facebook’s head of the project, former PayPal executive David Marcus, cautioned on Twitter against “reading the fate of Libra into this update,” although he acknowledged “it’s not great news in the short term.”

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Libra, Grams, who’s next?

US SEC Halts Telegram’s $1.7 Billion Digital Token Offering (R.)

U.S. authorities said on Friday they have halted a $1.7 billion unregistered digital token offering by the messaging service Telegram Group Inc and its TON Issuer subsidiary. The Securities and Exchange Commission said it had received a temporary restraining order against the two offshore entities, which the regulator said had failed to register to sell 2.9 billion digital tokens called “Grams” to initial investors globally, including 1 billion to U.S. buyers. The move marks the latest effort by the agency to crack down on the fledgling cryptocurrency industry.


The SEC has taken the position that initial coin offerings are securities offerings and therefore subject to SEC offering rules, which require firms to file registration and disclosure documents. “Our emergency action today is intended to prevent Telegram from flooding the U.S. markets with digital tokens that we allege were unlawfully sold,” Stephanie Avakian, co-director of the SEC’s Division of Enforcement, said in a statement.

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You’re going to wish your cities weren’t designed to make cars a necessity.

Rising Used Car Prices Help Push Poor Americans Over The Edge (R.)

For America’s working poor, an often essential ingredient for getting and keeping a job – having a car – has rarely been more costly, and millions of people are finding it impossible to keep up with payments despite prolonged economic growth and low unemployment. More than 7 million Americans are already 90 or more days behind on their car loans, according to the New York Federal Reserve, and serious delinquency rates among borrowers with the lowest credit scores have by far seen the fastest acceleration. The seeds of the problem are buried deep in the financial crisis, when in the midst of the worst economic downturn since the Great Depression, automakers slashed production.


A decade later, that has made a relative rarity of used 10-year-old vehicles that are typically more affordable for low-wage earners. According to data provided to Reuters by industry consultant and car shopping website Edmunds, the average price of that vintage of vehicle is $8,657, still nearly 75% higher than in 2010 despite some softening in prices over the last year. The average new car, in contrast, has seen a price rise of 25% in that same time period. “This is pinching people at the worst point possible,” said Ivan Drury, Edmunds’ senior manager of industry analysis. “If you need basic A to B transportation, you have to get an older car that needs more repairs and has more wear-and-tear issues.”

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War crimes.

Saudi Naval Blockade Sparks Fresh Humanitarian Crisis in Yemen (MPN)

Recent political developments have offered a glimmer of hope to some that the end of the humanitarian crisis in Yemen may be near. But a new report by the United Nations Development Programme shows that a recent tightening of the Saudi-led Coalition’s blockade against the country, and the fuel shortages it has sparked, not only are exacerbating Yemen’s humanitarian crisis but also are slated to make Yemen the world’s poorest country by 2022. In the nursery at the Maternity and Childhood Hospital in Amran, doctors and families alike fear that fuel shortages will lead to power cuts, plunging the ward into darkness and rendering its life-saving machines inoperable.

One mother in the ward diligently watches a heater placed near her infant, knowing that it the electricity-powered medical device stops, her child will die. Dr. Hadi Al-Hamzi, the director-general of the hospital, said that 30 infants could die if their incubators stop for just two hours. He added, “We have a severe shortage of generator fuel, and we have no prospect of getting more in the coming days.” Mohammed Mujahed, the director of Amran Governorate’s Health Office, warned that intensive care for pregnant mothers and nurseries in the province could be stopped in a matter of hours if no generator fuel is secured.

The Saudi-led Coalition has stepped up its seizure and detention of ships carrying food and fuel into Yemen and the effects of those seizures are already being felt by ordinary people. Thousands of Yemenis already facing acute food shortages could die, as stocks of stored food dwindle and cannot be replenished. Sultana Begum, a representative of the Norwegian Refugee Council humanitarian organization, told Reuters that “fuel shortages in Yemen exacerbate the already dire humanitarian situation in the country and lead to unacceptable levels of suffering.”

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“..nearly 4 million Yemenis are currently stranded abroad..”

Human, Organ Trafficking Booming in Yemen as War Enters its Fifth Year (MPN)

In addition to poverty and the absence of law enforcement, there are other reasons why human trafficking flourishes in Yemen, perhaps the most prominent being the blockade levied against the country by the Saudi Coalition since 2015. Before the war, Yemenis would regularly leave the country to seek better health care, employment opportunities and safety abroad — including, somewhat ironically, in neighboring Saudi Arabia. Now — with seaports, airports, highways and especially the once-bustling Sana`a International Airport effectively shuttered by the Saudi Coalition — Yemenis are no longer able to flee the violence in their country or travel to neighboring wealthy Gulf countries for stints of work to earn some cash, leaving many with few options but to resort to selling their organs out of desperation to make ends meet.


The blockade has also left a large number of Yemenis stranded abroad, including some students and others who have managed to find a way out in hopes of receiving medical treatment. It is estimated, according to data provided by the Sana`a International Airport Media Center, that nearly 4 million Yemenis are currently stranded abroad. Many of the stranded are left in a state of legal limbo, unable to secure citizenship in neighboring countries and therefore unable to work, leaving them with no way to earn money short of begging on the street or agreeing to sell their organs. The Yemen Organisation for Combating Human Trafficking told MintPress that many Yemenis who fled when the war broke out are now stuck abroad and that the organization has recorded as many as 300 cases of Yemenis stranded abroad selling their kidneys out of desperation.

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Emmy B on Twitter: “At Westminster Magistrates Court today we saw Julian #Assange via video link. We saw his further physical deterioration. He only said his name and DOB responding at the request of the Magistrate and remained speechless and motionless to the end. Hearing did not last more than 10’”

Julian Assange To Remain Locked Up In UK Prison (RT)

WikiLeaks co-founder Julian Assange has been ordered to stay in a British prison ahead of a hearing on his possible extradition to the United States, despite reaching the end of his custody period. Assange was due to be released on September 22 after serving a sentence for breaching bail conditions by seeking refuge in the Ecuadorian Embassy in London in 2012. The 48-year-old was told at a court hearing last month that he would be kept in Belmarsh prison because of “substantial grounds” for believing he would abscond. At a brief hearing at Westminster Magistrates’ Court on Friday, deputy senior district judge Tan Ikram said that Assange would remain in custody “for the same reasons as before.”


Assange spoke only to confirm his name and age before he was remanded in prison. He is due to appear in court in person at his next hearing on October 21. “I very much hope we can make some progress on this case,” Judge Ikram told him at the end of the five-minute hearing, Reuters reports. In the US, Assange is charged with possession and dissemination of classified information. If found guilty, he could receive up to 175 years in prison. The activist has long feared that the US would attempt to extradite him after WikiLeaks published the leaked ‘Collateral Murder’ video, which shows the US military attacking journalists and civilians in Iraq in July 2007.

Read more …

 

Autumn pedestrian crossing in Yekaterinburg, Russia.

 

 

 

 

Oct 102019
 


Rembrandt van Rijn Small self portrait 1627-28

 

Man, I want to get away from US (and UK) politics, it’s too depressing and I’ve already covered it so much. But I keep getting drawn back in by the nonsensical propaganda out there. I read a lot of stuff every single day, and every single piece is starting to look like any other. I took the following from the Guardian, but it could have been any MSM outlet really. The whole thing is one big insult to my one remaining brain cell (which I’m trying to kill but can’t find).

First: if you see written or otherwise pronounced anywhere that Donald Trump fears Joe Biden, in elections or anywhere else, you’re reading propaganda. Trump has no reason to be afraid of Biden. Not that he minds the Democrats thinking he is. Second: if you see people claiming that accusations about Biden’s ‘dealings’ in Ukraine are unproven, remember that they’ve never been investigated. Maybe a Special Counsel would be an idea. Say, three years and $40 million? Let’s see after that.

Despite the lack of scrutiny, both from the DOJ and the media, we do know that Hunter Biden was paid $50,000 a month by Ukrainian energy company Burisma for not knowing anything about gas, oil or Ukraine. And we know from a Ukrainian MP that Joe Biden himself was paid $900,000 by Burisma. Those are not unproven allegations, as almost every outlet calls them. And they sure as hell ain’t unfounded.

Plus, Trump has every right to ask questions about this, whether in the US or elsewhere. Where he won’t be able to ask questions, if Pelosi and Schiff have their way, is in the fake impeachment inquiry. There he may not even be able to bring a lawyer. Who’s afraid of whom exactly, and of what? Here’s that Guardian piece:

‘He’s Laughing At Us’: Joe Biden For First Time Calls For Trump To Be Impeached

Joe Biden has for the first time called for Donald Trump to be impeached for abusing the powers of his office to help his own re-election. Delivering a blistering 25-minute speech at a campaign event in New Hampshire on Wednesday, Biden, the former vice-president under Barack Obama, departed from his usual campaign pitch and signalled that he will aggressively confront Trump as the president pushes unfounded accusations that Biden and his son Hunter had nefarious dealings in Ukraine.


Trump is “shooting holes in the constitution”, Biden said, by asking foreign powers to interfere in the 2020 election by pursuing dirt on the Bidens and then refusing to cooperate with a resulting House impeachment inquiry. “This is a president who has decided this nation doesn’t have the tools, the power, the political will” to punish bad behavior, Biden said, cataloguing a litany of Trump’s misdeeds that he said warrant impeachment. “He’s not just testing us,” Biden said. “He’s laughing at us.” Trump retorted via Twitter. “So pathetic,” he wrote.

It is curious. The entire fake impeachment inquiry is based on Trump pursuing dirt on Biden, specifically in his phone call with Ukraine president Zelensky. Something Zelensky himself more than once has squarely denied ever happened. What must he think of the US, when his denials are completely ignored?

What did happen, says John Solomon, is that a DNC contractor solicited Trump dirt in 2016 in Ukraine. Given the above, is it any wonder Zelensky’s said he’d be happy to investigate what happened in Ukraine in 2016? He might take a look at the Biden family while he’s at it.

Nancy Pelosi, the House of Representatives speaker and the most powerful Democrat in Congress, announced an impeachment inquiry against Trump on 24 September after a whistleblower alleged the White House had attempted to cover up a July call between Trump and the Ukrainian president. At issue is the question of whether Trump abused his office by using its power to his own political advantage, by pushing a Ukrainian investigation of Joe Biden and his son Hunter, who was on the board of a Ukrainian energy company.


There is no evidence to support Trump’s claims that Biden exploited his influence as vice-president to aid his son or his business. Biden on Wednesday again condemned Trump’s “lies and smears and distortion” and said the president peddles them because he fears facing Biden in a general election. “He’s trying to create a campaign where truth and facts are irrelevant,” Biden said, adding that the spectacle covers the president’s “manifest incompetence”. “We’re not going to let Donald Trump pick the Democratic nominee for president,” Biden added. “I’m not going to let him get away with it. He’s picked a fight with the wrong guy.”

Joe, Joe, Trump didn’t pick a fight with you. And he’s not scared of you either (but he loves for you to think he is). You’re flattering yourself. And you’re not some tough guy either, you’ve lived on Capitol Hill for too long to be tough.

Without evidence, and contrary to the accounts of several Ukrainian officials, Trump has claimed Biden used his role as vice-president to protect his son from corruption investigations when he pressed for the firing of the top Ukrainian prosecutor, Viktor Shokin, during Obama’s second term. Ukrainian officials, including one Shokin successor, have disputed Trump’s claims, and Biden has previously noted that the Obama administration’s position was supported by many other western governments, who saw Shokin as incompetent or corrupt.

Yeah, you know who called Shokin incompetent or corrupt? Victoria Nuland, that’s who. The story was that he wasn’t tough enough on corruption, but in reality he was too tough on corruption involving the US and its friends. For instance, he was investigating Burisma, and Joe Biden didn’t like that one bit. And the ‘many other western governments’ didn’t have enough knowledge to contradict the US in this.

Many of the other 19 Democratic 2020 candidates have long supported the opening of an impeachment inquiry into Trump, following the findings of Robert Mueller’s investigation into Russia’s interference into the 2016 election and links between the Trump 2016 campaign and Moscow.

This takes the cake. And eats it too. What the Guardian claims here is that the utter failure that was the Mueller probe, which failed to find any dirt on Trump, has been reason for the Democratic candidates to support an impeachment inquiry into Trump over a phone call with Ukraine. How convoluted is that? There were no links between the Trump 2016 campaign and Moscow. Don’t take my word for it, Mueller said so.

“Following the findings of Robert Mueller’s investigation..” Mueller didn’t find anything, remember? The only things left standing in his report were accusations against Julian Assange and a bunch of anonymous Russians, because he knew these were people who couldn’t defend themselves. Because of that, I said back in February that Robert Mueller Is A Coward And A Liar. He is. He is not a stand-up straight shooter.

Biden’s speech on Wednesday came as his campaign continues internal deliberations over the best way to handle Trump’s broadsides and an impeachment inquiry that could last months and potentially never result in the Republican-led Senate removing Trump from office – even if the Democratic-led House impeaches him. “When I announced my candidacy,” Biden recalled,“I said I was running in order to restore the soul of America. That wasn’t hyperbole.”

Ha ha. Could have fooled me there, Joe. Restore the soul of America without hyperbole. Brilliant!

But his advisers also point to the 2016 presidential campaign, when Trump dominated media narratives of the Republican primary and the general election against Hillary Clinton with a barrage of attacks on his opponents that forced them to campaign on his terms. Biden nodded at that reality, as well, and promised he won’t let that get in his way. “I’m not going to be distracted,” he said. “None of these attacks are true, and I’m going to stay focused on your lives. That’s what this election is about,” he continued.

Look, it’s not okay that whistleblower rules are changed in half-secrecy overnight from requiring first-hand to second (or third) hand information. It’s not okay that the Democrats try to start an impeachment inquiry while disregarding the rules that have long existed for such an inquiry. It’s not okay that they do so on the basis of a phone call that the Ukraine president himself says contained none of the ingredients the Dems claim it did.

It’s not okay to try and keep the Republican House minority out of the proceedings, and it might even disqualify those proceedings entirely. If Trump is as bad a person and politician as the Democrats claim, it must be possible to figure that out while at the same time respecting the rules, regulations and the entire political system. Once you deviate from all that, you put the system itself at risk. Is that worth it? There’s an election in just over a year.

The media continues to refer to Trump’s allegations about Biden as unproven, knowing full well they’ve never been investigated. At the exact same time, they also keep bringing up Trump’s alleged ‘nefarious’ dealings with Russia, even though 2+ years of Robert Mueller and an entire platoon of lawyers came up empty on those. A level playing field?

I think I have an idea who’s afraid of whom. And there’s also this creeping/creepy feeling that the impeachment inquiry that isn’t one, is part of the 2020 election cycle. And that isn’t, and should not be, what such inquiries are for. Not even if you’re afraid of losing the election – that’s cheating.

 

 

 

 

Oct 102019
 
 October 10, 2019  Posted by at 9:50 am Finance Tagged with: , , , , , , , , , ,  13 Responses »


Salvador Dali Grandmother Ana sewing 1920

 

Inside Hunter Biden’s Dealings With Shadowy Foreign Firms (ZH)
Joe Biden ‘Personally Paid $900,000 By Burisma’ – Ukrainian MP (ZH)
An Insult To Real Whistleblowers- Kiriakou (RCP)
Shell To Offset Carbon Emissions For British Fuel Buyers (R.)
Federal Reserve Policymakers Increasingly Divided On Way Ahead (R.)
US Tariffs On China Are Working – Wilbur Ross (R.)
Nearly All Goods Traded By US And China Will Have Tariffs By December 15 (R.)
Chinese Consumers Are On A Worrying Staycation (Lam)
California Set To End Private Prisons And Immigrant Detention Camps (R.)
Owner Of Spanish Security Company That Spied On Assange Arrested (El Pais)
PG&E Power Outage: Lines For Gas, Batteries, Groceries And Generators (LAT)
Seven Latam Nations Suggest Maduro Behind Unrest In Ecuador (R.)
For The First Time Ever, Greece Issues Negative Yielding Debt (ZH)

 

 

I’ve been in a Not The Onion mode all day. It started off with reading that Shell is paying to offset its UK customers’ carbon emissions. For blunt stupidity, that’s hard to beat. That Johnson and Johnson was “ordered to pay $8 billion (!!!) after drug causes man to grow breasts” already seemed more logical after that. That Joe Biden made even more money off Burisma than Hunter did, then seemed perfectly normal. It was all uphill from there.

Inside Hunter Biden’s Dealings With Shadowy Foreign Firms (ZH)

According to the FT, Biden’s business interests “often show up in unexpected places.” While Democrats obviously prefer to focus on their impeachment investigation, there’s no denying that Biden’s business dealings in Ukraine, China and elsewhere clearly raise questions about potential conflicts that existed while his father was in office. Joe Biden has denied wrongdoing, but questions linger over his role in the ouster of a top Ukrainian prosecutor, which some have suggested was done to help protect Hunter. When Hunter joined the Navy Reserves in May 2013, he required several waivers (at 42, he was above the age of enlistment, and there was an unspecified ‘drug-related’ incident that also would have disqualified him).

Despite his apparent eagerness to join, Biden was discharged from the Navy the following year after testing positive for cocaine. Soon after, his more successful older brother, Beau, passed away, and his wife Kathleen filed for divorce, citing Hunter’s “spending extravagantly on his own interests including drugs, alcohol, prostitutes, strip clubs and gifts for women with whom he has sexual relations.” Next, he started dating his brother’s widow. But in between trips to rehab and legendary drug benders. In 2016, shortly after he started dating Hallie Biden, Beau’s widow, Hunter made plans to stay at a detox center in Arizona. But he somehow got sidetracked during a stopover in Los Angeles, and ended up missing the next wing of his flight. Instead, he traveled to Skid Row, where he was reportedly held up at gun point, but nevertheless apparently succeeded in buying and using crack, causing him to return several times over the following days.

Eventually, Hunter Biden took a Hertz rental car to his treatment center in Arizona, but workers at the Hertz office called the police after finding a crack pipe and baggie of crack, along with Biden’s license and a badge from Beau’s time as Delaware AG. Prosecutors declined to pursue the case, claiming a lack of evidence, but it definitely wasn’t a good look for Hunter. More recently, Hunter has been in the headlines for his whirlwind marriage to a South African Instagram model, and for a paternity suit brought by a woman claiming Hunter is the father of her newborn son. Of course, none of these transgressions have stopped Biden from earning millions of dollars off his family name and connections. In Wednesday’s issue, the FT published a breakdown of Biden’s foreign business interests.

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As I said, perfectly normal.

Joe Biden ‘Personally Paid $900,000 By Burisma’ – Ukrainian MP (ZH)

Ukrainian MP Andriy Derkach revealed on Wednesday that former Vice President Joe Biden received $900,000 from Burisma Group for lobbying activities, citing materials related to an investigation. Via Interfax: “Former U.S. Vice President Joe Biden received $900,000 for lobbying activities from Burisma Group, Ukraine’s Verkhovna Rada member Andriy Derkach said citing investigation materials. Derkach publicized documents which, as he said, “describe the mechanism of getting money by Biden Sr.” at a press conference at Interfax-Ukraine’s press center in Kyiv on Wednesday”. -Interfax. “This was the transfer of Burisma Group’s funds for lobbying activities, as investigators believe, personally to Joe Biden through a lobbying company.”


“Funds in the amount of $900,000 were transferred to the U.S.-based company Rosemont Seneca Partners, which according to open sources, in particular, the New York Times, is affiliated with Biden. The payment reference was payment for consultative services,” said Derkach. Derkach also puiblicized sums of money transferred to Burisma Group representatives – including Joe Biden’s son Hunter. “According to the documents, Burisma paid no less than $16.5 million to [former Polish President, who became an independent director at Burisma Holdings in 2014] Aleksander Kwasniewski, [chairman of the Burisma board of independent directors] Alan Apter, [Burisma independent director] Devon Archer and Hunter Biden [who joined the Burisma board of directors in 2014],” Derkach added.

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“If you are represented by Mark Zaid and you’re claiming to be a whistleblower, you are not…”

An Insult To Real Whistleblowers- Kiriakou (RCP)

Former CIA official and whistleblower John Kiriakou weighed in on Ukraine whistleblower being celebrated by the media. Kiriakou called the person a “so-called whistleblower” that is acting anonymously even though they have no undercover position at the CIA, likely an analyst. “I don’t think this is a whistleblower, not at all,” Kiriakou told FNC’s Tucker Carlson. “I think this is an anonymous source for the Democratic staff in the House of Representatives.” “You can’t hide this person’s identity just to save him from embarrassment or trouble of being recognized,” Kiriakou said. “It’s just not appropriate. If this is a whistleblower, he needs to come forward in public, testify in open session and blow that whistle.”


“Even his attorney, Mark Zaid, is one of these CIA insiders. He’s attached at the hip with the CIA. He’s represented dozens of CIA people. He has a CIA security clearance. If you are represented by Mark Zaid and you’re claiming to be a whistleblower, you are not,” Kiriakou said Wednesday.

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Yup, the British are funny.

Shell To Offset Carbon Emissions For British Fuel Buyers (R.)

Royal Dutch Shell said on Thursday it would offset the carbon dioxide emissions of around 1.5 million road users in Britain starting later this month under a loyalty scheme. Shell, like other oil companies, has come under pressure from shareholders to show how it plans to reduce its carbon footprint and help cut greenhouse gas emissions, a major cause of global warming. Britons are increasingly concerned about their environmental impact, with thousands of students striking earlier this year and green group Extinction Rebellion carrying out civil disobedience to push for more ambition on climate change.


Sinead Lynch, Shell UK country chair, said the best way for people to cut their road emissions was to use electric vehicles, supplied with renewable power. “But today the majority of people still use petrol and diesel. We can help them address the impact of their emissions by offsetting their fuel purchases,” she said in a statement. From Oct. 17, emissions relating to fuel purchased by customers with the Shell Go+ app or card will be offset for free until September 2020. Shell said about 20% of its customers were registered with the loyalty scheme. It expects the program to cost roughly 10 million pounds ($12.2 million) and offset emissions from around 1.5 million cars.

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It’s too late to repair their nonsense.

Federal Reserve Policymakers Increasingly Divided On Way Ahead (R.)

Most Federal Reserve policymakers supported the need for an interest rate cut in September, minutes of the central bank’s last policy meeting showed, but they remained divided on the path ahead for monetary policy. The readout of the meeting, released on Wednesday, also showed that the Fed agreed it would soon need to discuss increasing the size of its balance sheet following ructions in short-term money markets. Fed Chair Jerome Powell announced an imminent expansion of the central bank’s assets on Tuesday. Fed policymakers at the Sept. 17-18 meeting decided, in a 7-3 vote, to lower the benchmark overnight lending rate by a quarter percentage point to between 1.75% and 2%.


“Most participants believed that a reduction of 25 basis points in the target range for the federal funds rate would be appropriate,” the Fed said in the minutes. The U.S. central bank has lowered borrowing costs twice this year after having raised interest rates nine times since 2015. But what remains unclear from the minutes is how a softening in economic data since that meeting will affect viewpoints on the need for further rate cuts, if at all. In projections that accompanied the September statement, seven of the Fed’s 17 policymakers indicated they forecast one more rate cut this year. Five policymakers did not see any more cuts needed and the other five projected a rate rise by the end of 2019. Investors overwhelmingly expect another rate cut at the next meeting on Oct. 29-30.

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Working? You sure that’s the right term?

US Tariffs On China Are Working – Wilbur Ross (R.)

Tariffs are forcing China to pay attention to U.S. concerns, Secretary of Commerce Wilbur Ross said in Sydney on Thursday. Ross said the United States would have preferred not to implement tariffs against Chinese goods more than a year ago, but added that it has forced Beijing into action. The trade war has weighed on global growth and roiled financial markets. “We do not love tariffs, in fact we would prefer not to use them, but after years of discussions and no action, tariffs are finally forcing China to pay attention to our concerns,” Ross told a business function held by the American Chamber of Commerce in Australia. “We could have had a deal two-and-a-half years ago without going through the whole tit-for-tat on tariffs that we have.”


Top U.S. and Chinese trade and economic officials will meet in Washington on Thursday and Friday to try to end the escalating dispute. Without a significant breakthrough, Washington is set to hike the tariff rate on $250 billion worth of Chinese goods to 30% from 25% next Tuesday. Negotiators had made no progress in deputy-level trade talks held on Monday and Tuesday in Washington, the South China Morning Post (SCMP) said, citing unidentified sources with knowledge of the meetings. The two sides have been at loggerheads over U.S. demands that China improve protections of American intellectual property, end cyber theft and the forced transfer of technology to Chinese firms, curb industrial subsidies and increase U.S. companies’ access to largely closed Chinese markets.

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Let’s call it a draw?

Nearly All Goods Traded By US And China Will Have Tariffs By December 15 (R.)

U.S. and Chinese negotiators meet in Washington on Thursday and Friday to try, once again, to defuse a trade war that has roiled markets and triggered tit-for-tat tariffs on hundreds of billions of goods traded between the world’s largest economies. The meetings come days after the U.S. Department of Commerce blacklisted 28 Chinese companies, and China and the U.S. started reciprocal visa bans. Chinese officials say they have little expectation of significant progress. If negotiators cannot come to an agreement, a new set of punitive U.S. tariffs kicks in on Oct. 15 on about $250 billion of Chinese goods, and then both countries put tariffs on billions of dollars more of each others’ goods on Dec. 15. Here is what is set to take effect in the next few weeks:

U.S. OCT. 15 INCREASE A proposed Oct. 15 tariff rate boosts to 30% a duty of 25% already in place on at least $250 billion worth of Chinese imports. Set to take effect on Oct. 1, the higher tariff was delayed late in September by Trump “as a gesture of good will.” The 25% tariffs were adopted over nearly a year, from an initial tranche of largely non-consumer goods in July and August 2018, including machinery and electronic components such as semiconductors and printed circuit boards and many chemicals. Later the U.S. added consumer goods and building products, including furniture, vacuum cleaners, lighting fixtures, handbags and vinyl flooring.

U.S. DEC. 15 TARIFF INCREASE Two months later, the U.S. plans to target an additional tariff of 15% at about $300 billion in imports from China. These had already been hit with a tariff of 15% on Sept. 1, in a list mostly of consumer products, based on a Reuters analysis of 2018 U.S. Census Bureau data. It includes flat panel television sets, flash memory devices, power tools, cotton sweaters, bed linens, multifunction printers and some footwear. The largest category of targeted products covers smart watches, smart speakers, Bluetooth headphones and other internet-connected devices spared in a prior round of tariffs, with Chinese imports estimated at $17.9 billion annually by the Consumer Technology Association.

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The numbers are not that impressive, but the trends are clear.

Chinese Consumers Are On A Worrying Staycation (Lam)

China is shopping, just not quite enough. Official numbers after a week-long National Day break showed revenue from domestic tourism climbed 8.5% compared to 2018, the slowest pace in at least 17 years. Retail and dining numbers also failed to dazzle. Beijing wants consumers to help revive a flagging economy, but a weak yuan and the fading impact of tax cuts will keep purse strings tight. Golden Week, which began on Oct. 1, has long offered a snapshot of Chinese consumption. This year, the picture is less than shiny. Spending on retail and dining was up 8.5% compared to a 9.5% increase last year according to Citi, and well below double-digit increases a decade ago. Growth in domestic travel cooled too.

Some 7 million Chinese still ventured overseas, a measure of the country’s increasing wealth, but the number of outbound travellers in the first six days of October fell 15% compared to a year ago. In part that was due to China’s anniversary celebrations, and Hong Kong hardly helped: anti-government protests there have prompted numbers coming over the border to fall precipitously. But it measures wider household concerns. Instead, it was the small luxuries that did well, like trips to the movies. Patriotic flicks including ‘My People, My Country’ – stories inspired by China’s history – drew record box office revenue and over 100 million viewers during the holiday, according to Xinhua.

Beijing, which usually leans on infrastructure to stimulate the economy, has increasingly turned to consumers too. Stimulus measures, including a personal income tax unveiled late last year, did help lift disposable incomes by 8.8% in the first half. That would have been 7.2% without the boost, reckons analyst Ernan Cui of Gavekal Dragonomics. Unfortunately, that’s not feeding into shopping baskets fast enough, given it impacted wealthier households more.

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The very idea of “privately outsourced incarceration” is so insane we should never even consider it.

California Set To End Private Prisons And Immigrant Detention Camps (R.)

America’s largest state prison system is moving to quit the practice of farming out inmates to lockups run under contract by private companies, following a nationwide decline in the for-profit incarceration business. California Governor Gavin Newsom is expected to sign legislation this week designed to effectively ban private, for-profit corporations from running prisons or immigration detention facilities. Sponsors of the measure say it will end a brief but hapless experiment in privately outsourced incarceration begun as a means to ease overcrowding – an endeavor Newsom branded an outrage when he took office in January.


Bill supporters say private prisons, driven to maximize shareholder profits, lack proper oversight or incentives to rehabilitate inmates, and have contributed to a culture of mass incarceration by making it cheaper to lock up people. They point to research cited in a 2016 U.S. Justice Department Office of Inspector General report that found private prisons spend less on personnel, and are less safe, than public institutions. “This is a total and complete failure, and it’s hurting and abusing Californians,” said state Assemblyman Rob Bonta, a chief author of the bill.

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Yeah, well, the horse and the barn.

Owner Of Spanish Security Company That Spied On Assange Arrested (El Pais)

David Morales, the owner of the Spanish security company that was in charge of protecting the Ecuadorian embassy in London while Julian Assange was living there, has been arrested and released on bail, judicial sources have told EL PAÍS. The director of UC Global S. L. is being investigated by Spain’s High Court, the Audiencia Nacional, after allegedly ordering the private conversations of the WikiLeaks founder to be spied on, as well as supposedly passing the information collected to the United States’ intelligence services. Morales’ arrest took place on September 17 in the southern Spanish city of Jerez de la Frontera, which is where the security firm is based. The information had not come to light until now given that the investigation is under seal.


Police officers searched the company’s offices and also seized hard disks and documents, all of which are now being analyzed by the judge in charge of the case, José de la Mata. According to judicial sources, two firearms with their serial numbers erased were found in Morales’ home, as well as €20,000 in cash. Morales was taken to Madrid were he was questioned at the High Court before being released on bail. His passport was taken from him and his bank accounts frozen. He currently has to check in at the High Court every two weeks. [..] After the revelations were published by EL PAÍS, Assange’s defense team filed a criminal complaint against Morales, in which he is accused of alleged privacy offenses as well as the violation of attorney-client privilege, misappropriation of funds, bribery and money laundering.

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A glimpse of your future.

PG&E Power Outage: Lines For Gas, Batteries, Groceries And Generators (LAT)

The massive blackouts imposed across Northern California on Wednesday led to a run on gasoline, portable generators and other supplies while retailers struggled to serve customers. Millions were expected to lose power as Pacific Gas & Electric shut down service in a bid to avoid wind-driven fires caused by downed power lines. Angie Sheets of El Dorado Hills outside Sacramento noticed that generators were flying off the shelves at the local Costco as she shopped for groceries earlier in the week. Considering the nearly $1,000 worth of food she planned to purchase and the imminent power outage, Sheets said she called her husband to talk about buying a generator for their home. “By the time I had done that, the last big generator was gone off the shelves,” she said. Her husband, a law enforcement officer, later found a generator at a Costco in Rancho Cordova.

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You sure it wasn’t Putin? How about Ukraine?

Seven Latam Nations Suggest Maduro Behind Unrest In Ecuador (R.)

Seven Latin American countries reject any attempt by Venezuelan President Nicolas Maduro to destabilize democracies in the region and back Ecuadorean President Lenin Moreno as he tries to calm unrest, Peru’s foreign ministry said on Tuesday, speaking on behalf of the group. A statement from the Peru’s foreign ministry said that it as well as Argentina, Brazil, Colombia, El Salvador, Guatemala and Paraguay all expressed their “firm backing for actions taken by President Lenin Moreno” and “reject any action aimed at destabilizing our democracies by the regime of Nicolas Maduro.”

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Still bankrupt though.

For The First Time Ever, Greece Issues Negative Yielding Debt (ZH)

As armies of fixed income strategists battle over whether US Treasuries are facing higher or lower yields, Greece has no such qualms and in a historic shift today, the former bond market pariah and Eurozone’s most indebted nation, joined the exclusive club of negative-yielding European nations when bond investors lined up to pay the nation that was at the heart of Europe’s sovereign debt crisis. A sale of €487.5 million of 13-week bills on Wednesday drew Greece’s first-ever negative yield of minus 0.02% as investors now pay Athens for the privilege of lending it cash, as Bloomberg first reported. Greece joins the likes of Ireland, Italy and Spain – not to mention virtually all core Eurozone nations – which benefit from the ECB’s insane monetary policy and deepening fears of a global recession.


It’s been an unprecedented turnaround for twice bankrupt Eurozone member, whose bondholders suffered massive losses back in March 2012 when the country was forced to accept the biggest bond restructuring in history, bringing the Eurozone to the verge of collapse. Just a few years and several trillions in bond purchases by the ECB later, the region is grappling with an altogether different problem – the spread of negative yields, which reduces borrowing costs for governments in a form of soft default, one which is crushing savers, pension funds and insurers, and which has prompted some of the most respected names in finance to shriek in terror as the cost of money in even Europe’s most insolvent nations is now negative.

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Oct 082019
 


Paul Gauguin Breton woman and goose by the water 1888

 

Trump Appears to Reverse Syria Decision (USNews)
Trump Vows To OBLITERATE Turkish Economy If It Does ‘Anything Off Limits’ (RT)
Joe, Hunter Biden Could Be Forced To Testify In Senate Impeachment Trial (WT)
A Hard Rain (Jim Kunstler)
US Federal Deficit Estimated At $984 Billion, Highest In Seven Years (Hill)
US Blacklists China Organisations Over Xinjiang ‘Uighur Abuse’ (BBC)
Hong Kong ‘Won’t Rule Out’ Chinese Help Over Protests – Lam (AFP)
Court Rejects Latest Request To Force PM To Ask For Brexit Extension (G.)
Irish Border Is A Matter Of Life And Death, Not Technology (Fintan O’Toole)
Convicted Pedophile Gary Glitter To Earn Big From ‘Joker’ Movie (CNBC)
Southwest Pilots Sue Boeing Over 737 MAX (AFP)
Twitter, Facebook Could Face Billions In Fines After Ireland Probes (CNBC)
Ecuadorians Revolt Against Moreno’s IMF-Imposed Neoliberal Policies (GZ)
Russian, US Visitors Targets For Spanish Firm That Spied On Assange (El Pais)

 

 

Less war? Condemnation on all sides of all aisles.

Trump Appears to Reverse Syria Decision (USNews)

A senior administration official on an organized call with reporters appeared to contradict President Donald Trump about Syria policy late Monday, refuting interpretations of his statements from earlier in the day that prompted broad outrage from supporters and opponents alike. The U.S. is not removing its forces from Syria in the face of a Turkish incursion, said the official, speaking on the condition of anonymity. Rather, the president ordered roughly 50 special operations troops in northern Syria to relocate to a different part of the country after he learned that Turkey has planned an offensive against U.S.-backed Kurdish forces in Syria. The official said that offensive had not yet begun.

The latest assertion, however, appears to conflict with a flurry of tweets the president issued Monday, further explaining a White House statement late Sunday that first announced the withdrawal, but offered few details. “It is time for us to get out of these ridiculous Endless Wars, many of them tribal, and bring our soldiers home,” Trump wrote in one tweet. The idea of the U.S. withdrawing any of its roughly 1,000 troops still in Syria – even just from the front lines where they operate with Kurdish allies – prompted widespread outrage on Capitol Hill, including from some of the president’s staunchest allies like Sen. Lindsay Graham and Senate Majority Leader Mitch McConnell. They feared that the decision amounted to abandoning the Kurds, who have been instrumental in defeating the Islamic State group, but which Turkey has labeled as terrorists and vowed to attack.

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Pleasing Erdogan is never a good idea.

Trump Vows To OBLITERATE Turkish Economy If It Does ‘Anything Off Limits’ (RT)

In a fairly blunt warning to the NATO ally, US President Donald Trump vowed to “obliterate” the Turkish economy if he thinks it’s stepped out of line in Syria. He then told Ankara to “watch over” ISIS fighters in the US’ absence. “If Turkey does anything that I, in my great and unmatched wisdom, consider to be off limits, I will totally destroy and obliterate the Economy of Turkey (I’ve done before!)” the president threatened via tweet on Monday – an odd turn of phrase for what otherwise seemed like a dire warning to a supposed ally. Trump called for Turkey to join “Europe and others” in “watch[ing] over the captured ISIS [Islamic State] fighters and families” just hours after announcing the US would finally pull out of northern Syria on Monday.


The announcement triggered howls of fury from hawks in Congress and the media, as well as sudden experts in Middle Eastern politics who cried that leaving Syria would abandon the Kurds to be torn apart by Turkey. The Pentagon “does not endorse a Turkish operation in Northern Syria,” a Pentagon statement issued on Monday clarified, stating “the US Armed Forces will not support, or be involved in any such operation.” While Turkey considers the Kurdish YPG militia an extension of the banned terrorist group PKK, the US has been arming and protecting the Kurds for years – and, as Trump pointed out in his earlier announcement, paying them “massive amounts of money and equipment.”

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Ukraine as Pandora’s box.

Joe, Hunter Biden Could Be Forced To Testify In Senate Impeachment Trial (WT)

Former Vice President Joseph R. Biden and his son Hunter could be forced to testify if the Senate ends up holding an impeachment trial of President Trump, say congressional aides who questioned whether Democrats have thought through the full implications of their impeachment drive. Not only could Mr. Biden be forced to be in D.C. at a critical moment in the presidential campaign, but so could many of his chief rivals — the half-dozen senators also vying for Democrats’ presidential nomination, impeachment experts said.


For that matter, if the House chooses to impeach Mr. Trump on charges stemming from the special counsel’s Russia investigation, aides said it could open the door to witnesses such as fired FBI Agent Peter Strzok or even major figures from the Obama administration. Mr. Trump could even be present for the entire spectacle. Experts said the Senate would have a hard time refusing him if he demanded to confront the witnesses against him.

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A lifelong liberal has had his fill.

A Hard Rain (Jim Kunstler)

A lot of readers (some of them former readers now) have been angrily twanging me by email for writing about the three-year Resistance effort to un-do the 2016 election. I did not vote for Mr. Trump (or Mrs. Clinton) but I resent the coup mounted to overthrow him. I object to the bad faith and dishonesty of the Resistance. I object to the criminal misconduct among the federal bureaucracy, and the mendacity of its partners in the news media, and the hysteria they continue to generate — at the expense of other matters that concern our future. The political disorder spooling out is the political expression of the long emergency that the nation faces as it finally encounters the limits to growth we were warned about decades ago.

The techno-industrial phase of history is ending, and we are left only with inadequate fantasies for coming to terms with it and moving forward. The dynamic relationship between affordable energy supplies and the operations of money roils at the core of this predicament. They are undoing each other and the result will be a contraction of human activity. The big question we refuse to face is how to cope with contraction. Beyond the ongoing orchestrated coup stands a reality-optional political Left consumed by serial hysterias, uninterested in truth, steeped in social despotism, and apparently willing to do anything to gain power. We should be very concerned with what they intend to do with that power.

As they attempt to redistribute wealth, they will make the unhappy discovery that the wealth itself is subject to the wholesale contraction underway. The overvalued “assets” representing “money” hoarded by the “wealthy” will turn out to be figments of a runaway debt crisis. We have already debased the operations of banking, and the tokens that banks issue — currencies and securities — levitate over an abyss. We already have plenty of evidence for what the Left will do to the principle of political liberty. Their shibboleths of “diversity” and “inclusion” really mean shutting down free speech and telling everybody how to think. They are less interested in “social justice” than in plain coercion, the pleasure they take in pushing people around. What’s worse is that they want to use government as the instrument for enforcing their will.

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Who’s counting anymore? The US will end up with only the rich and the desolate.

US Federal Deficit Estimated At $984 Billion, Highest In Seven Years (Hill)

The federal budget deficit for 2019 is estimated at $984 billion, a hefty 4.7 percent of GDP and the highest since 2012, the Congressional Budget Office (CBO) said on Monday. The difference between federal spending and revenue has only ever exceeded $1 trillion four times, in the period immediately following the global financial crisis. The deficit, which has grown every year since 2015, is $205 billion higher than it was in 2018, a jump of 26 percent. The CBO has warned that the nation’s debt is on an unsustainable path. Higher levels of debt increase borrowing costs, make it harder for the government to battle economic downturns and increase the share of future spending devoted to paying off interest costs.


Since President Trump took office, the GOP has passed a massive tax cut package that reduced revenue, while Democrats and Republicans have agreed to increase spending year after year. Budget watchers note that the main drivers of the deficit, however, come from automatic spending programs such as Social Security, Medicare and Medicaid. “Democrats and Republicans must be held responsible for the outrageous deficit reported today by the CBO,” said Jason Pye, vice president of legislative affairs at the conservative advocacy group FreedomWorks. “This unsustainable situation is only going to get worse,” he added.

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Always fun to see the US accuse others of its own signature practices.

US Blacklists China Organisations Over Xinjiang ‘Uighur Abuse’ (BBC)

The US has blacklisted 28 Chinese organisations for their alleged involvement in abuses against ethnic Uighurs in China’s Xinjiang province. The organisations are now on the so-called Entity List, which bars them from buying products from US companies without approval from Washington. The 28 targets include both government agencies and technology companies specialising in surveillance equipment. It is not the first time the US has put Chinese groups under a trade ban. In May, the Trump administration added telecommunications giant Huawei to the Entity List because of security fears over its products.


A Commerce Department filing said the organisations are “implicated in human rights violations and abuses”. Rights groups say Beijing is severely persecuting the mostly Muslim Uighurs in detention camps. China calls these “vocational training centres” to combat extremism. The Commerce Department said in its decision on Monday that these 28 entities are implicated in “China’s campaign of repression, mass arbitrary detention, and high-technology surveillance against Uighurs, Kazakhs, and other members of Muslim minority groups.” Xinjiang province’s Public Security Bureau is on the list, along with 19 other smaller government agencies.

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“..if we want Hong Kong to at least have another chance.”

Well, Hong Kong wants a chance to get rid of you.

Hong Kong ‘Won’t Rule Out’ Chinese Help Over Protests – Lam (AFP)

Hong Kong’s under-fire leader Carrie Lam said Tuesday she would not rule out accepting help from mainland China in tackling increasingly violent pro-democracy protests. The financial hub has been gripped by four months of rallies, and last weekend saw much of the city grind to a halt as masked demonstrators took to the streets in defiance of a controversial ban on face coverings. Lam’s decision last Friday to invoke colonial-era emergency powers — not used for half a century — to impose the ban sparked some of the most violent scenes since the crisis began, as hardcore protesters trashed dozens of subway stations, vandalised shops with mainland China ties, built fires and blocked roads.


As much of the city returned to work after a three-day weekend, Lam told reporters that while she believes the city’s authorities can cope with the unprecedented troubles, China could be called upon if the situation becomes “so bad”. “At this point in time, I still strongly feel that we should find the solutions ourselves. It is also the position of the central government (in Beijing) that Hong Kong should tackle the problem on her own. “But if the situation becomes so bad, then no options can be ruled out if we want Hong Kong to at least have another chance.”

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But ties him down in the process. The Court also has the power to write the extension request for the PM.

Court Rejects Latest Request To Force PM To Ask For Brexit Extension (G.)

Anti-Brexit campaigners have failed in an attempt to force Boris Johnson to ask for an extension to article 50 if he is unable to get a Brexit deal through parliament. Lord Pentland, sitting in the court of session in Edinburgh, rejected their request for a court order instructing the prime minister to seek an extension if he cannot get a deal passed by the Commons this month. Pentland said he had to take at face value pledges made by the UK government on Friday that Johnson would write the letter seeking an extension on 19 October as required under the so-called Benn act. Pentland said those assurances were unequivocal.


“I approach matters on the basis that it would be destructive of one of the core principles of constitutional propriety and of the mutual trust that is the bedrock of the relationship between the court and the crown for the prime minister or the government to renege on what they have assured the court that the prime minister intends to do,” the judge ruled. [..] Anti-Brexit campaigners are expected to appeal against the decision on Tuesday, when they will ask another Scottish court to write the article 50 extension letter if Johnson fails to do so. The campaigners – Dale Vince, a green energy entrepreneur, Jolyon Maugham QC, an anti-Brexit campaigner, and Joanna Cherry QC, a Scottish National party MP – want the inner house of the court of session to use its unique nobile officium powers to act on Johnson’s behalf. Those powers allow the court of session to take action in a situation where a remedy is needed, but this case is seen as highly unusual.

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“Essentially a technical discussion of the exact nature of future customs checks.”

Irish Border Is A Matter Of Life And Death, Not Technology (Fintan O’Toole)

Spaff some money on some geeks.” According to Chris Cook’s excellent account of Theresa May’s Brexit negotiations with Brussels, that was the instruction issued to the civil service by May’s enforcer Fiona Hill in late 2016. It had finally dawned on the British government that it had committed itself to two incompatible things. One was that under no circumstances would there be a return to a hard border between the UK and the Republic of Ireland. The other was that all of the UK was going to leave the EU’s customs union. May faced exactly the same problem that her successor Boris Johnson is struggling with: you can do one or other of these things but you cannot do both. If Northern Ireland leaves the customs union, there will be border controls.

And so May tried to do what Johnson is still proposing: throw money at nerds and hope that they can somehow transform a political problem into a technical issue. The old (superbly condescending) joke was that whenever the Irish question was about to be solved, the Irish would change the question. But the British government has been trying to solve the riddle of Brexit’s Irish question not just by changing the question, but by changing the entire conceptual framework. It has to be removed from a discourse of history and geography and memory and translated into the languages of technology and managerialism. That is how Johnson sought to define the problem in his speech to the Tory party conference last week: “Essentially a technical discussion of the exact nature of future customs checks.”

Previously, of course, he suggested that crossing the Irish border was similar to going from one borough of London to another, and that any problem it creates could be solved with the same technology used to operate the city’s congestion charge. This is a way of minimising and dismissing an inconvenient truth. But it also goes to the heart of the complete failure of Johnson’s proposals for a replacement of the backstop designed to keep the border invisible. Everybody in Ireland, north and south, knows that there are many technical questions thrown up by Brexit. But nobody – not even Johnson’s DUP allies – really believes that what Brexit does to John Bull’s Other Island is a matter for a “technical discussion”. In Ireland, it’s about lives – and deaths.

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Every single sports stadium in the US has played Rock and Roll Part 2 all the time for decades. He should be filthy rich already.

Convicted Pedophile Gary Glitter To Earn Big From ‘Joker’ Movie (CNBC)

The contentious inclusion of a song by convicted pedophile Gary Glitter in “Joker” has sparked a wave of criticism from moviegoers, with many concerned the disgraced former glam rock singer will be entitled to lucrative music royalties. The R-rated comic book movie smashed box office records over the weekend, with Warner Bros. hauling in $93.5 million in the U.S. alone. That marked the highest debut for a film released in October in cinematic history. “Joker” also garnered $140.5 million internationally, bringing the film’s total ticket sales to $234 million, Warner Bros. said Sunday. But, despite the film’s opening weekend success, the makers of the movie have stoked controversy for featuring Glitter’s 1972 hit “Rock and Roll Part 2” in a lengthy scene.


The song plays for approximately two minutes as Joaquin Phoenix, who has received rave reviews for his portrayal of the eponymous villain, dances down a long flight of steps outside his Gotham City apartment. Glitter, whose real name is Paul Gadd, is reportedly expected to receive a lump sum for allowing the recording to be used in “Joker.” He is also thought to be in line for music royalties depending on the success of movie theater ticket sales, DVD sales and film soundtrack sales. The 75-year-old was jailed for a total of 16 years in 2015 for attempted rape, four counts of indecent assault and one count of having sex with a girl under 13. All six offenses were committed in the 1970s and 1980s. He was first jailed in 1999 when he admitted to possessing images of child abuse.

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Boeing accused of endangering pilots’ lives for profit.

Southwest Pilots Sue Boeing Over 737 MAX (AFP)

Pilots from Texas-based Southwest Airlines said Monday they had filed a lawsuit against Boeing, accusing it of “deliberately misleading” them over the 737 MAX, which has been grounded after two deadly crashes. Nearly 350 people died in crashes in Indonesia in October 2018 and in Ethiopia in March this year. “We have to be able to trust Boeing to truthfully disclose the information we need to safely operate our aircraft,” captain Jonathan Weaks, president of the Southwest Airlines Pilots Association (SWAPA), said. “In the case of the 737 MAX, that absolutely did not happen.”


The grounding of the 737 MAX since March eliminated more than 30,000 scheduled Southwest flights and caused over $100 million in lost wages for pilots, SWAPA said. Southwest is the largest operator of the 737 MAX, and the aircraft may not return to passenger service until 2020. The lawsuit, which was filed in Dallas, Texas, said Boeing had falsely claimed the plane was airworthy. In both crashes, pilots had difficulty controlling the plane once the MCAS anti-stall handling system was activated, according to preliminary investigations.

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Let’s see it first.

Twitter, Facebook Could Face Billions In Fines After Ireland Probes (CNBC)

Ireland’s Data Protection Commission has concluded investigations into Facebook’s WhatsApp and Twitter over possible breaches of EU data privacy rules, a spokesperson for the agency revealed to CNBC Monday. The investigations will now move into the decision-making phase, according to Graham Doyle, head of communications for Ireland’s DPC. During this next phase, Ireland’s chief data regulator, Helen Dixon, will issue draft decisions, which are expected to come toward the end of the year. These would mark Ireland’s first decisions related to U.S. multinational companies since Europe’s privacy law called the General Data Protection Regulation (GDPR) went into effect on May 2018.


In her draft decisions, Dixon will determine the penalty, if any, that either company faces for breaching data privacy rules. Companies can be fined up to 4% of global annual revenues for breaching Europe’s data privacy law called GDPR. For Facebook, that could mean a fine of more than $2 billion based on its fiscal year 2018 revenue. Because many big tech companies have their EU headquarters in Ireland, the Irish DPC supervises the firms under GDPR. Ireland’s DPC has opened more than a dozen investigations into big tech companies including Facebook, Apple, Google and Twitter.

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Delivers Assange, gets loan, turns against his people, declares state of emerrgency, flees the capital and moves it elsewhere.

Ecuadorians Revolt Against Moreno’s IMF-Imposed Neoliberal Policies (GZ)

“Se acabó la zanganería” — “The zanganería is over.” With these words, uttered on October 4, Ecuador’s President Lenin Moreno proclaimed the end of a 40-year policy of fuel and petrol subsidies, which had traditionally benefited his country’s working-class population. [..] The decision to cut the government’s decades-old fuel subsidies was just one element in a package of neoliberal economic reforms presented by the Moreno government on October 1. The program was part of a bid to satisfy the demands of the IMF. This October, the reform package set off an explosion of mass protests across the nation. Moreno claimed the drastic new economic measures were necessary to reduce “wasteful” public spending and balance the government’s budget.


The most controversial measure of all has been the elimination of the petrol subsidies that had been in place since the 1970s. This removal led to a staggering 123 percent rise in the price of diesel, with similar increases in the price of other fuels. The package also introduced a 20 percent decrease in the salary of public employees, and initiated plans to privatize pensions and removed workplace security and job security safeguards. When he announced the wildly unpopular austerity package, President Lenin Moreno sensed that large protests against his government were inevitable. So he declared a national “state of emergency,” and immediately deployed both the police and the military against protesters in the capital of Quito and other areas around the country.

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The lawlessness is staggering.

“Employees of UCE Global took apart and photographed the cellphones of North American journalists who visited the founder of WikiLeaks..”

Russian, US Visitors Targets For Spanish Firm That Spied On Assange (El Pais)

David Morales, the director and owner of Undercover Global S. L., the Spanish defense and security company in charge of protecting the Ecuadorian embassy in London during Julian Assange’s long stay there, called on his team to catalogue “the Russian and American citizens” who visited the cyberactivist as a maximum priority, according to testimonies and documents to which EL PAÍS has had access. The company allegedly spied on the WikiLeaks founder for the US intelligence services, and in the wake of revelations published by this newspaper is being investigated by the Spanish High Court, the Audiencia Nacional. Morales gave written instructions to his employees in London for them to give advance warning of the priority targets from both countries.

All of the information collected about these and other visitors was sent to an FTP (File Transfer Protocol) server in Jerez de la Frontera, the headquarters of UCE Global S. L., in southern Spain. This kind of “big brother” was the place were all of the information collected was stored in an orderly fashion, including files from cellphones, profiles by nationality (Russians, North Americans, Germans, etc.), professions, and documents from attorneys, diplomats, journalists, doctors, and so on. Employees who worked for UCE Global S. L. have told this newspaper that the CIA had access to this server, and that Morales did not want to reveal the identity of “his American friends” when there were technical problems and there was a request for contact with the client.

The IP numbers registered come from the US and one of them corresponds to a company that provides security services for the FBI. A study of the reports that were created over a period of years by this company reveals that international current affairs and events surrounding the cyberactivist defined and modified the objectives of the company and its “North American clients.” [..] The monitoring of the dozens of people who visited Assange during the seven years he was in the embassy was comprehensive. But in the case of the priority targets – North Americans, Russians, attorneys and journalists – it was intensified as much as possible. Employees of UCE Global took apart and photographed the cellphones of North American journalists who visited the founder of WikiLeaks, according to testimony and graphic documents to which EL PAÍS has had access.

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How the top tax rate for highest incomes has changed in the US.

 

 

 

 

Oct 032019
 
 October 3, 2019  Posted by at 10:37 am Finance Tagged with: , , , , , , , , , ,  13 Responses »


Rembrandt van Rijn Self portrait 1642

 

US Hits Scotch Whisky, Italian Cheese, French Wine With 25% Tariffs (R.)
NYT: ‘Whistleblower’ Spoke To ‘Shifty Schiff’ Before Filing Complaint (RT)
Trump Attacks Democrats, Whistleblower Over Impeachment (R.)
Lindsey Graham Urges Foreign Leaders To Assist Barr With Investigation (Pol.)
We’ll “Definitely” Interfere In 2020, Just “Don’t Tell Anybody” – Putin (ZH)
Putin Shames Greta Thunberg And Her Handlers Over Environmental Agenda (ZH)
Dismay In Brussels As Boris Johnson Finally Reveals Brexit Plan (G.)
3 Saudi Brigades Annihilated in Houthi Offensive in Saudi Arabia (Pieraccini)
Ex-Israeli Intel Exec Says Epstein, Ghislaine Worked for Israeli Intel (Webb)
Julian Assange, Britain’s Unconvicted Prisoner (Cross)

 

 

And it still can’t help Boeing. Boeing has other problems.

This is based on a recent WTO ruling on Airbus and Boeing subsidies. The EU can only strike back in 2020.

Also: “..a 10% levy that could hurt U.S. airlines such as Delta that have billions of dollars of Airbus orders waiting to be filled.”

US Hits Scotch Whisky, Italian Cheese, French Wine With 25% Tariffs (R.)

The Trump administration slapped 25% tariffs on French wine, Italian cheese and single-malt Scotch whisky — but spared Italian wine, pasta and olive oil — in retaliation for European Union subsidies on large aircraft. The U.S. Trade Representative’s Office released a list of hundreds of European products that will get new tariffs, including cookies, salami, butter and yogurt – but in many cases applied to only some EU countries, including German camera parts and blankets produced in the United Kingdom. The list includes UK-made sweaters, pullovers, cashmere items and wool clothing, as well as olives from France and Spain, EU-produced pork sausage and other pork products other than ham, and German coffee. The new tariffs are to take effect as early as Oct. 18.


The U.S. Trade Representative’s Office said it would “continually re-evaluate these tariffs based on our discussions with the EU” and expects to enter talks in a bid to resolve the dispute. Still some Italian foods — Parmesan Reggiano, Romano and provolone cheese — were hit with tariffs as were Italian fruits, clams and yogurt. Also getting new tariffs are German and British camera parts, industrial microwave ovens, printed books, sweet biscuits and waffles. The main target of the U.S. tariffs is Airbus aircraft made in the EU, which face a 10% levy that could hurt U.S. airlines such as Delta that have billions of dollars of Airbus orders waiting to be filled. EU products winning reprieves include chocolate, Greek, French and Portuguese olive oil, helicopters, frozen fish, lobster, sparkling wine, stemware and tiles.

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“I’d go a step further – I think he probably helped write” the complaint..”

NYT: ‘Whistleblower’ Spoke To ‘Shifty Schiff’ Before Filing Complaint (RT)

The CIA agent accusing President Donald Trump of a quid pro quo with Ukraine spoke to House intel chief Adam Schiff’s staff before filing his whistleblower complaint, sources say – and Trump believes the collusion goes deeper. The “whistleblower” spoke to a House Intelligence Committee staffer about his concerns, gleaned from secondhand knowledge of a phone call between Trump and Ukrainian President Volodymyr Zelensky, that the president was abusing his power – and that staffer shared the information with Schiff – before the still-anonymous CIA officer filed his complaint, according to the New York Times, which cited Schiff’s spokesman and “current and former American officials” in a report published Wednesday.


The Times’ report “shows that Schiff is a fraud,” the president told reporters during a White House press conference with Finnish President Sauli Niinisto Wednesday afternoon when he was asked about the story, calling the fact that the congressman, whom he dubbed “shifty Schiff,” knew about the complaint before it was even filed “a scandal.” “I’d go a step further – I think he probably helped write” the complaint, Trump said. “He knew long before, and he helped write it too,” he continued more confidently. The president – who elsewhere in his remarks tried out his new “corrupt news” moniker for the mainstream media – nevertheless congratulated the Times on the scoop. “Maybe they’re getting better,” he mused.

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“They should look at him for treason because he is making up the words of the president of the United States – not only the words but the meaning..”

Trump Attacks Democrats, Whistleblower Over Impeachment (R.)

U.S. President Donald Trump kept up his assaults on the Democratic lawmakers leading impeachment proceedings on Wednesday, accusing House Intelligence Committee Chairman Adam Schiff of treason, as well as attacking the unidentified whistleblower who reported concerns about his behavior. The Republican president has lashed out repeatedly at the impeachment inquiry, which was prompted by his phone call with the Ukrainian president that sought an investigation that would be damaging to a Democratic political opponent, former Vice President Joe Biden. Trump repeatedly says he did nothing wrong in his July 25 telephone call in which he asked Ukrainian President Volodymyr Zelenskiy to investigate a domestic political rival Joe Biden, the former U.S. vice president.


He has repeatedly attacked the Democratic chairman of the House of Representatives Intelligence Committee, Adam Schiff, who is leading the impeachment inquiry. “They should look at him for treason because he is making up the words of the president of the United States – not only the words but the meaning,” Trump said. He accused the Democrats’ impeachment efforts of being groundless and politically motivated. “They’ve been trying to impeach me from the day I got elected,” Trump said.

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Both sides are now timing for the 2020 elections.

Lindsey Graham Urges Foreign Leaders To Assist Barr With Investigation (Pol.)

Senate Judiciary Chairman Lindsey Graham on Wednesday asked several foreign leaders to continue to assist Attorney General William Barr with his investigation into the 2016 election. In a letter to the prime ministers of Australia, Italy and Britain, the South Carolina Republican requested their “continued cooperation with Attorney General Barr as the Department of Justice continues to investigate the origins and extent of foreign influence in the 2016 election.” At President Donald Trump’s urging, Barr is examining how the FBI investigation into connections between Russia and the Trump campaign began. Graham stated in the letter that during the 2016 election, the U.S. law enforcement and intelligence communities used a “deeply flawed dossier filled with hearsay and written by a biased, former United Kingdom intelligence officer” — a reference to the so-called Steele dossier — as part of its investigation.


He also added that law enforcement had received “intelligence from an Italian ‘professor’” — referring to Joseph Mifsud, whose interactions with a former Trump campaign adviser, George Papadopoulos, prompted the FBI to open its counterintelligence investigation — and accepted information from an Australian diplomat. That was a reference to a reported tip from an Australian official, Alexander Downer, to the FBI about possible collusion between Russia and Trump’s 2016 campaign. [..] “That the Attorney General is holding meetings with your countries to aid in the Justice Department’s investigation of what happened is well within the bounds of his normal activities,” Graham wrote. “He is simply doing his job.”

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Exposing the sheer stupidity that controls America.

We’ll “Definitely” Interfere In 2020, Just “Don’t Tell Anybody” – Putin (ZH)

Absolutely no laughing matter for the likes of Rachel Maddow and others who have now spent years locked deep in their ‘Russiagate’ navel-gazing, but at least Putin still hasn’t lost his sense of humor about it. While speaking on a panel of industry and political leaders at the Russian Energy Week conference, Putin mocked reports already alleging Moscow plans to interfere in the 2020 US presidential election. When pressed by NBC News correspondent Keir Simmons over whether former Special Counsel Robert Mueller was accurate in predicting Russia would “attempt to interfere” in the 2020 election, Putin leaned forward in a gesture to act like he was whispering a ‘secret’: “I’m going to tell you a secret,” Putin said, leaning forward. “Yes, we will definitely intervene, don’t tell anybody” he continued to an applauding crowd.

“You know, we have enough of our own problems,” Putin continued. “We are engaged in resolving internal problems and are primarily focused on this.” His characteristic public sarcasm was a hit with the crowd, at an event which included OPEC Secretary General Mohammed Barkindo and others. He followed on a more serious note by calling it “ridiculous” that Russia would interfere in the 2020 election. He also talked down his relationship and interactions with President Trump, describing that the two leaders have never been close. “In my opinion, we have good, businesslike relations, and a relatively stable level of trust,” he said during the conference’s plenary session. “We’ve never been close, and aren’t now.” However, Putin did come to the US president’s defense when asked about the Ukraine call transcript.

“From what we know, I don’t see anything compromising at all,” Putin told the audience. “I didn’t see that during this phone call Trump demanded compromising material from Zelenskiy at any cost and threatened him that he wouldn’t help Ukraine.” The Kremlin last week said its consent must be required before any calls between the US and Russian leader are published. Putin said there’s no compromising material at all in those transcripts, and added he that “any conversation can be published — I always proceed from that.” Putin also addressed last year’s controversy over his closed door summit with President Trump, saying he requested that Washington publish details of the talks. “We don’t mind,” Putin said confidently. “I assure you that there’s nothing there that would compromise President Trump.”

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I wouldn’t have said he shames her. He simply understands that Greta IS her PR handlers. She should go home and be a child, not get dragged around the planet by spin doctors.

Putin Shames Greta Thunberg And Her Handlers Over Environmental Agenda (ZH)

Russian President Vladimir Putin on Wednesday chided Swedish environmentalist Greta Thunberg and her adult handlers, after the 16-year-old gave an emotional speech at the UN late last month. “Sure, Greta is kind, but emotions should not control this issue,” said Putin. “Go and explain to developing countries why they should continue living in poverty and not be like Sweden,” he added, before saying that it was deplorable how some groups are using Thunberg to achieve their own goals. In her speech last week, Thunberg lashed out at the United Nations – saying “You have stolen my dreams and my childhood with your empty words.” Thunberg also filed a legal complaint accusing five countries of inaction on global warming – drawing the ire of French President Emmanuel Macron, and many others who noted that she’s left China out of her diatribes and lawsuit, despite being the world’s worst polluter by total volume.

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There are actually Labour MPs who support Johnson’s nothingness.

Dismay In Brussels As Boris Johnson Finally Reveals Brexit Plan (G.)

Boris Johnson appears to be fighting a losing battle to avoid Britain staying in the European Union beyond 31 October after Michel Barnier privately gave a scathing analysis of the prime minister’s new plan for the Irish border, describing it as a trap. The European commission also refused to go into the secretive and intensive “tunnel” talks with the UK’s negotiators before a crunch summit on 17 October from which the UK had hoped to deliver a breakthrough deal. Despite concerted attempts to avoid publicly trashing the UK proposals, there was dismay behind the scenes in Brussels after Johnson tabled his first concrete proposal for replacing the Irish backstop.

The prime minister had set out the outline of the government’s offer in a speech to Tory party faithful in Manchester that also laid down the battle lines for a general election. On Wednesday night, he was hopeful a parliamentary majority could be assembled to back it. Johnson’s plan involves Northern Ireland leaving the EU’s customs union at the end of transition along with the rest of the UK, necessitating checks and controls on the island of Ireland. Northern Ireland would also stay aligned with EU standards on goods if Stormont agreed by December 2020, the end of the transition period, and then in a vote every four years.

But the UK has also requested that both sides commit at treaty level “never to conduct checks at the border” even if Stormont vetoes the arrangements laid out in the new 44-page Irish protocol. Barnier said that this commitment would prevent Brussels from protecting its internal market if the Northern Ireland assembly blocked the arrangement in 2020 or at a later date. “The EU would then be trapped with no backstop to preserve the single market after Brexit,” he warned, according to someone present in the room.

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Federico Pieraccini on an attack that proves it wasn’t Iran, ever. Where’s the coverage of this in the western press? Too inconvenient?

“Let us salute the resourceful Houthis, today’s unconquerable underdogs, for giving the world’s most repugnant bullies a bloody nose, and a huge blow to their bloated egos.”

3 Saudi Brigades Annihilated in Houthi Offensive in Saudi Arabia (Pieraccini)

Many may have hitherto been led to believe that the Houthis were a ragtag armed force lacking in sophistication. Many, seeing the drone and missile attacks on Saudi oil plants, may have declared it to be a false-flag attack carried out by Riyadh to boost Aramco’s market value; either that or it was an operation carried out by Iran or even Israel. On Saturday September 28, the Houthis put paid to such speculation by confirming what many, like myself, have been writing for months; that is, that the asymmetrical tactics of the Houthis, combined with the conventional capabilities of the Yemeni army, are capable of bringing the Saudi kingdom of Mohammed Bin Salman to its knees.

The Yemeni army’s missile forces are able to carry out highly complex attacks, no doubt as a result of reconnaissance provided by the local Shia population within the Kingdom that is against the House of Saud’s dictatorship. These Houthi sympathisers within Saudi Arabia helped in target identification, carried out reconnaissance within the plants, found the most vulnerable and impactful points, and passed this intelligence on to the Houthis and Yemeni army. These Yemeni forces employed locally produced means to severely degrade Saudi Arabia’s crude-oil-extraction and processing plants. The deadly strikes halved oil production and threatened to continue with other targets if the Saudi-conducted genocide in Yemen did not stop.

On Saturday 29 the Houthis and the Yemeni army conducted an incredible conventional attack lasting three days that began from within Yemen’s borders. The operation would have involved months of intelligence gathering and operational planning. It was a far more complex attack than that conducted against Aramco’s oil facilities. Initial reports indicate that the forces of the Saudi-led coalition were lured into vulnerable positions and then, through a pincer movement conducted quickly within Saudi territory, the Houthis surrounded the town of Najran and its outskirts and got the better of three Saudi brigades numbering in the thousands and including dozens of senior officers as well as numerous combat vehicles. This event is a game changer, leaving the US, Mike Pompeo and the Israelis and Saudis unable to lay the blame on Iran as all this took place a long way from Iran.

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Whitney Webb strikes again.

Ex-Israeli Intel Exec Says Epstein, Ghislaine Worked for Israeli Intel (Webb)

In an interview with Zev Shalev, former CBS News executive producer and award-winning investigative journalist for Narativ, the former senior executive for Israel’s Directorate of Military Intelligence, Ari Ben-Menashe, claimed not only to have met Jeffrey Epstein and his alleged madam, Ghislaine Maxwell, back in the 1980s, but that both Epstein and Maxwell were already working with Israeli intelligence during that time period. In an interview last week with the independent outlet Narativ, Ben-Menashe, who himself was involved in Iran-Contra arms deals, told his interviewer Zev Shalev that he had been introduced to Jeffrey Epstein by Robert Maxwell in the mid-1980s while Maxwell’s and Ben-Menashe’s involvement with Iran-Contra was ongoing. Ben-Menashe did not specify the year he met Epstein.

Ben-Menashe told Shalev that “he [Maxwell] wanted us to accept him [Epstein] as part of our group …. I’m not denying that we were at the time a group that it was Nick Davies [Foreign Editor of the Maxwell-Owned Daily Mirror], it was Maxwell, it was myself and our team from Israel, we were doing what we were doing.” Past reporting by Seymour Hersh and others revealed that Maxwell, Davies and Ben-Menashe were involved in the transfer and sale of military equipment and weapons from Israel to Iran on behalf of Israeli intelligence during this time period. He then added that Maxwell had stated during the introduction that “your Israeli bosses have already approved” of Epstein. Shalev later noted that Maxwell “had an extensive network in Israel at the time, which included the then-Prime Minister Ariel Sharon, according to Ben-Menashe.”

Ben-Menashe went on to say that he had “met him [Epstein] a few times in Maxwell’s office, that was it.” He also said he was not aware of Epstein being involved in arms deals for anyone else he knew at the time, but that Maxwell wanted to involve Epstein in the arms transfer in which he, Davies and Ben-Menashe were engaged on Israel’s behalf.

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“These inconsistencies should raise serious doubts as to whether the British justice system is operating objectively and according to domestic and international legal norms.”

We had no such doubts any more.

Julian Assange, Britain’s Unconvicted Prisoner (Cross)

This article is a second piece focusing on Belmarsh prison, where the founder of Wikileaks, Julian Assange, continues to be arbitrarily detained by the British government. The first part showed how Belmarsh prison has been systematically denying Assange access to justice by restricting all the means through which he could prepare his defence; access to and possession of legal documents, talking to his US lawyers, restricted meetings with his UK lawyers, and access to a laptop as a basic means to prepare his defence. These restrictions have been imposed in contradiction to all legislation and standards regarding the rights of the prisoner. This piece looks at the weaponizing of Category A prison security and the use of prison healthcare isolation as part of a program of the state-sponsored abuse of a journalist imprisoned for releasing prima facie evidence of US war crimes committed in Iraq and Afghanistan.

The decision on 13th September by Judge Vanessa Baraitser in a ‘technical hearing‘ at Westminster Magistrate’s Court, means that although Assange has been given parole half way through what experts believe was a disproportionate 50 week sentence for skipping police bail in 2012, he will still be kept in prison while he is fighting extradition to the US – a process which could take many years. Baraitser justified her decision as follows: “In my view I have substantial ground for believing if I release you, you will abscond again” She described his status now as: “…from a serving prisoner to a person facing extradition”

According to the British judiciary, Assange was initially apprehended and sentenced to prison because he had ‘skipped bail’ by seeking refuge for political asylum in London’s Ecuadorian embassy. Despite the fact the original investigation in which he was wanted for questioning (and complied) by Swedish authorities had been dropped, the British courts still treated Assange as a serious criminal and sentenced him as such. The narratives in Baraitser’s statement, the injustices arising from them and the proceedings around this hearing have all been highlighted and roundly condemned. What’s more, despite the change to Assange’s prisoner status, he has so far been kept in Belmarsh. These inconsistencies should raise serious doubts as to whether the British justice system is operating objectively and according to domestic and international legal norms.

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Oct 012019
 


Paul Gauguin Sunken lane 1884

 

Dear America, Civil War Is Not A Joke – Or A Picnic (RT)
Civil War On (Kunstler)
Impeachment…or CIA Coup? (Ron Paul)
Hillary Clinton’s Big Comeback Begins Tuesday (WT)
US Dollar Status as Global Reserve Currency Slides (WS)
No End In Sight For ECB’s Inflation Problem (MW)
Twitter Executive For Middle East Is British Army ‘Psyops’ Soldier (MEE)
Johnson Planning To Bypass Brussels In Bid For New Brexit Deal (Ind.)
UK Proposes Customs Posts On Both Sides Of Irish Border (RTE)
France’s Overtures Toward Russia (Moisi)
Assange’s Lawyers Were Under Surveillance. That’s Not The Whole Story (Canary)

 

 

Nebojsa Malic, senior writer at RT, lived through the Yugoslavia civil war.

Dear America, Civil War Is Not A Joke – Or A Picnic (RT)

Critics have reacted to President Donald Trump’s Twitter warning about his impeachment causing a civil war with both shrieks of outrage and jokes. Notably absent: any self-awareness of what such a war would be like or how to avoid it. “If the Democrats are successful in removing the president from office, I’m afraid it will cause a Civil War-like fracture in this nation from which this country will never heal,” Texas televangelist Robert Jeffress said Sunday night on Fox News. Trump quoted him in a tweet the next morning, and Twitter lost its collective mind. The typical response was to accuse Trump of calling for a new civil war, mind-reading what he must have really meant by the quote. He was “priming his base” to think of war, according to unnamed “experts of fascism,”a liberal comedian argued in just one example.

Others dismissed the very notion of a civil war as crazy, joking about bringing the potato salad and biodegradable forks – or hamberders and covfefe – to the fight, as soon as they get out of yoga class, using the hashtag #CivilWarSignup. There were also scornful takes about Americans being too fat to fight, or rural Americans being too scared to “take the subway in New York or drive in Los Angeles,” much less take a rifle and “take their country back from elite urbanites.” It’s unclear whether the people joking about bringing food to the fight were deliberately channeling the spirit of Washingtonians who turned out to the first Battle of Manassas/Bull Run, in June 1861, as if it were a picnic, bringing baskets and blankets to enjoy the show.

As anyone who’s studied that era of US history knows, their glee quickly turned to horror and panic, when the Union army lost – and they found themselves shoved aside on crowded roads leading back to Washington by the routed troops in blue. Wars never go as planned. No plan survives first contact with the enemy, who also gets a vote. If there is one ironclad rule of war through the ages, no matter the level of technology, that is it. Yet the corollary is that civilians always forget about it, and it comes back to bite them.

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“Does this sound a little like part of the origin story of RussiaGate? Is that not exactly the potential criminal matter that the current attorney general, Mr. Barr, is officially investigating?”

Civil War On (Kunstler)

Someone in Impeachmentville is not paying attention. Of course, diverting the rubes is exactly the point of the latest CIA operation to negate the 2016 election. Has nobody noticed that there is treaty between Ukraine and the USA, signed at Kiev in 1998 and ratified by the US Senate in 2000. It’s an agreement on “Mutual Legal Assistance in Criminal Matters.” Here, read the cover letter for yourself:

What part of the following do Nancy Pelosi and the news media not understand? “The Treaty is self-executing. It provides for a broad range of cooperation in criminal matters. Mutual assistance available under the Treaty includes: taking of testimony or statements of persons; providing documents, records, and articles of evidence; serving documents; locating or identifying persons; transferring persons in custody for testimony or other purposes; executing requests for searches and seizures; assisting in proceedings related to restraint, confiscation, forfeiture of assets, restitution, and collection of fines; and any other form of assistance not prohibited by the laws of the requested state… ([etc].”


How does this not permit Mr. Trump asking the president of Ukraine for “assistance” in criminal matters arising out of “collusion with Russia,” as specified within the scope of Robert Mueller’s special prosecutor activities? For instance, the matter of CrowdStrike. The cybersecurity firm was co-founded by Russian ex-pat Dmitri Alperovitch, who also happens to be a senior fellow at the Atlantic Council, an anti-Russian think tank funded by Ukrainian billionaire, Viktor Pinchuk, who donated at least $25 million to the Clinton Foundation before the 2016 election. Crowdstrike was the company that “examined” the supposedly hacked DNC servers, while somebody in the Obama administration prevented the FBI from ever seeing them. Does this sound a little like part of the origin story of RussiaGate? Is that not exactly the potential criminal matter that the current attorney general, Mr. Barr, is officially investigating?

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Obvious nonsense though it may be, people will continue to accuse me of supporting Trump. But you can’t accuse Ron Paul of that.

Impeachment…or CIA Coup? (Ron Paul)

You don’t need to be a supporter of President Trump to be concerned about the efforts to remove him from office. Last week House Speaker Nancy Pelosi announced impeachment proceedings against the President over a phone call made to the President of Ukraine. According to the White House record of the call, the President asked his Ukrainian counterpart to look into whether there is any evidence of Ukrainian meddling in the 2016 election and then mentioned that a lot of people were talking about how former US Vice President Joe Biden stopped the prosecution of his son who was under investigation for corruption in Ukraine.

Democrats, who spent more than two years convinced that “Russiagate” would enable them to remove Trump from office only to have their hopes dashed by the Mueller Report, now believe they have their smoking gun in this phone call. It this about politics? Yes. But there may be more to it than that. It may appear that the Democratic Party, furious over Hillary Clinton’s 2016 loss, is the driving force behind this ongoing attempt to remove Donald Trump from office, but at every turn we see the fingerprints of the CIA and its allies in the US deep state. In August 2016, a former acting director of the CIA, Mike Morell, wrote an extraordinary article in the New York Times accusing Donald Trump of being an “agent of the Russian Federation.”

Morell was clearly using his intelligence career as a way of bolstering his claim that Trump was a Russian spy – after all, the CIA should know such a thing! But the claim was a lie. Former CIA director John Brennan accused President Trump of “treason” and of “being in the pocket of Putin” for meeting with the Russian president in Helsinki and accepting his word that Russia did not meddle in the US election. To this day there has yet to be any evidence presented that the Russian government did interfere. Brennan openly called on “patriotic” Republicans to act against this “traitor.” Brennan and his deep state counterparts James Comey at the FBI and former Director of National Intelligence James Clapper launched an operation, using what we now know is the fake Steele dossier, to spy on the Trump presidential campaign and even attempt to entrap Trump campaign employees. Notice a pattern here?

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Too predictable to be newsworthy.

Hillary Clinton’s Big Comeback Begins Tuesday (WT)

Media attention will intensify on Hillary Clinton on Tuesday. The former first lady, senator, secretary of state and Democratic presidential candidate is ready for another round in the public arena. She has a new book arriving, written with the help of a very close relative. Behold. Here comes “The Book of Gutsy Women: Favorite Stories of Courage and Resilience” — all 464 pages of it. Indeed, the new book of essays now landing on the shelves is written by Mrs. Clinton and her daughter Chelsea Clinton, is published by Simon & Schuster. Some informed observers speculate the book could be yet another indicator — along with increased public appearances and commentary — that Mrs. Clinton pines for a political comeback.


What kind of comeback? Oh, maybe the bumper stickers will read BIDEN/CLINTON 2020, WARREN/CLINTON 2020 — or even CLINTON/CLINTON 2020. Who the heck knows? “Word on the political street now is the rumbling that the impeachment probe launched by House Speaker Nancy Pelosi may be the crack that opens the door for another presidential run by Hillary Clinton. This time, the thinking goes, Hillary would be running with vindication that the 2016 election was ‘stolen’ from her and she can ascend in 2020 to reclaim the mantle for her party and the majority of the country that voted for her,” writes Nate Ashworth, editor in chief of Election Central.

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Wolf Richter mostly manages to deny his own headline.

US Dollar Status as Global Reserve Currency Slides (WS)

If the US dollar loses its hegemony as a global reserve currency, it would be a sea change globally, and specifically for the US economy. Today, we got the next installment in that saga, via the IMF’s quarterly COFER data on foreign exchange reserves. Total global foreign exchange reserves in all currencies ticked up 1.1% from the first quarter, to $11.7 trillion. US-dollar-denominated exchange reserves rose only 0.7% to $6.79 trillion, and their share of total global foreign exchange reserves fell to 61.63%, down from 61.86% in the prior quarter. And this has been going on for years in baby steps:

The US dollar’s share of global reserve currency declines when central banks other than the Fed proportionately reduce their dollar-denominated assets and add assets denominated in other currencies. Compared to the mega-moves in the 1970s, the recent moves have been muted. Nevertheless, the current share of USD-denominated foreign exchange reserves of 61.63% is the lowest since the year-end in 2013. The bump in 2014, 2015, and 2016 has now been unwound:

These US-dollar-denominated exchange reserves are US Treasury securities, US corporate bonds, and other financial assets that central banks other than the Fed are holding in their foreign exchange reserves. The Fed’s own holdings of Treasury securities and Mortgage-Backed Securities are not included in “foreign exchange reserves.” However, the Fed’s holdings of foreign-currency denominated assets are included in the other currencies. Unlike some other central banks, the Fed holds just a smidgen in foreign currency assets – currently $20.6 billion worth, compared to, for example, China’s $3.1 trillion in foreign exchange reserves.


[..] The chart below shows the dollar’s slowly declining but still hegemonic share of foreign exchange reserves, the euro’s essentially flat share, and the other reserve currencies’ comparatively tiny share. The renminbi (RMB) is the short red line near the very bottom:

To shed some light on the tangle of currencies at the bottom of the chart above, it’s useful to look at them without the US dollar and the euro overshadowing the neighborhood:

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Inflation is not Europe’s problem. The ECB is.

No End In Sight For ECB’s Inflation Problem (MW)

Unemployment in the eurozone declined to 7.4% in September, its lowest level since August, 2008, the EU’s statistics institute Eurostat said Monday. But this good news about the European economy helps underline the predicament the European Central Bank has long struggled with: the persistent low level of inflation. The ECB has undershot its official price stability target, set at “below but close to 2%”, every year since 2013. Keeping the eurozone on that steady inflation path is the only official remit of the ECB. It hasn’t been tasked with other economic policy objectives, like the U.S. Federal Reserve on employment, or the Bank of England on supporting the government’s economic objectives.


Inflation in the eurozone stood at an annual 1% in August, according to Eurostat. The closest the ECB was to its target was last year, when inflation reached 1.8%. That was up from 1.5% in 2017, and 0.2% in both preceding years. The risk of debilitating deflation – falling prices – was the rationale behind the ECB’s first massive quantitative easing program, launched in 2015. The central bank is now citing the financial markets’ declining inflation expectations for 2021 as the main reason for its latest monetary easing package, announced on September 12: They have fallen from 1.8% to 1.5% since the beginning of this year, according to ECB chief economist Philip Lane.

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“..the 77th Brigade is giving the British military “the capability to compete in the war of narratives at the tactical level..”

Twitter Executive For Middle East Is British Army ‘Psyops’ Soldier (MEE)

The senior Twitter executive with editorial responsibility for the Middle East is also a part-time officer in the British Army’s psychological warfare unit, Middle East Eye has established. Gordon MacMillan, who joined the social media company’s UK office six years ago, has for several years also served with the 77th Brigade, a unit formed in 2015 in order to develop “non-lethal” ways of waging war. The 77th Brigade uses social media platforms such as Twitter, Instagram and Facebook, as well as podcasts, data analysis and audience research to wage what the head of the UK military, General Nick Carter, describes as “information warfare”.

Carter says the 77th Brigade is giving the British military “the capability to compete in the war of narratives at the tactical level”; to shape perceptions of conflict. Some soldiers who have served with the unit say they have been engaged in operations intended to change the behaviour of target audiences. What exactly MacMillan is doing with the unit is difficult to determine, however: he has declined to answer any questions about his role, as has Twitter and the UK’s Ministry of Defence (MoD). Twitter would say only that “we actively encourage all our employees to pursue external interests”, while the MoD said that the 77th Brigade had no relationship with Twitter, other than using it for communication.

The 77th Brigade’s headquarters is located west of London. It brought together a number of existing military units such as the Media Operations Group and the 15 Psychological Operations Group. At its launch, the UK media was told that the new unit of “Facebook warriors” would be around 1,500 strong, and made up of both regular soldiers and reservists. In recent months, the army has been approaching British journalists and asking them to join the unit as reservists.

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In reality, he’s preparing to blame everyone else for his own failures. And Dominic Cummings will blame Boris.

Johnson Planning To Bypass Brussels In Bid For New Brexit Deal (Ind.)

Boris Johnson is to attempt a last-ditch charm offensive on EU leaders to get a Brexit deal over the line, after delivering his proposals for a new withdrawal agreement to Brussels as early as the end of this week. With EU chief negotiator Michel Barnier viewed in Downing Street as a stickler for rules who will be hard to shift from the deal struck with Theresa May, Mr Johnson is keen to speak with key European leaders who may be ready to show flexibility ahead of the crunch Brussels summit on 17 October. Plans were made to fly the prime minister to the funeral of ex-president Jacques Chirac for talks in the margins with sympathetic leaders, but it was decided the opportunity did not justify breaking off his attendance at the Conservative conference in Manchester.


London believes a key to any deal will be securing the acceptance of Irish premier Leo Varadkar and German chancellor Angela Merkel. News that negotiator David Frost has finalised a legal text of the UK proposals – said by a senior government source to be “game changing” – emerged as ministers attending cabinet admitted that they were not absolutely sure what the PM plans to do if his hopes of a deal fall flat. With speculation that the plan is known only to a tiny circle around Mr Johnson and his chief adviser Dominic Cummings, housing minister Esther McVey said she did not “know what is necessarily going on in Boris’s head”, while even chancellor Sajid Javid when asked if he knew what the PM would do could say only that “I think I do”.

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And you thought they’d steer clear of hammering Good Friday…

UK Proposes Customs Posts On Both Sides Of Irish Border (RTE)

The UK has proposed the creation of a string of customs posts along both sides of the Irish border as part of its effort to replace the backstop, RTÉ News understands. The ideas, which would be highly controversial, are contained in proposals sent from London to the European Union – extracts of which have been seen by RTÉ News. The proposals would effectively mean customs posts being erected on both sides of the border, but located perhaps five to ten miles ‘back’ from the actual land frontier. This is because under British Prime Minister Boris Johnson, the UK is insisting that Northern Ireland remain completely outside the EU’s customs union for industrial goods and agri-food products.

Even more controversial is a proposal that the goods moving from a so-called “customs clearance site” on the northern side of the border to a similar site on the southern side would be monitored in real time using GPS via mobile phone data, or tracking devices placed on trucks or vans. The ideas are contained in one of four so-called ‘non-papers’ submitted by UK officials during recent technical discussions in Brussels. Under the British proposals, both the UK and EU would create what are believed to be called “customs clearance sites”, but to all intents and purposes a customs post. Traders would have a choice of either a straightforward customs declaration which would have to be lodged and cleared on either side of the border, or the so-called ‘transit’ system.

Under a transit scheme, the exporter becomes a registered ‘consigner’ at base, and the importer becomes a registered ‘consignee’. The method requires a bond from a financial institution to guarantee that the relevant customs duty, excise and VAT have been paid and that the goods do not go illegally off the beaten track en route. The UK proposals have been discussed in technical talks with the European Commission’s Brexit Task Force under Michel Barnier. However, the details of the four non-papers have not been disclosed to EU member states.

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Macron playing Napoleon again. He can’t stop himself.

France’s Overtures Toward Russia (Moisi)

French President Emmanuel Macron is convinced that now is the right time to reset relations with Russia. He has therefore made it a diplomatic priority to restore a climate of trust between Paris and Moscow. Three compelling reasons underlie this move… First and foremost, the international strategic context has changed dramatically. China is rising, while the United States, although still the world’s dominant power, is distancing itself from its global responsibilities. And Russia, with an aging, shrinking population and a huge, largely uninhabited landmass, is a natural prey for China’s long-term ambitions. European leaders should not resign themselves passively to seeing Russia, lacking any other alternative, align with China.

Instead, they should try to convince Russians that their future is with Europe, and not as China’s junior partner in a deeply unbalanced relationship. Russia’s destiny lies in the West, not the East. Moreover, although Russia is no match for China, it has returned as a serious global actor. Many current conflicts, from Eastern Europe to the Middle East, simply cannot be addressed without involving Russia. This represents a triumph of sorts for Russian President Vladimir Putin, who first came to power nearly 20 years ago pledging to restore his country’s geopolitical clout. In particular, Putin wanted the US to treat Russia not as a mere object of history, as it had done under his predecessor Boris Yeltsin, but as a real interlocutor.

And while it might be impossible to restore the bipolar world of the Cold War years, at least the US would be forced to recognize the importance of a modernized and operational Russian army that could intervene in the former Soviet sphere and beyond. This represents a triumph of sorts for Russian President Vladimir Putin, who first came to power nearly 20 years ago pledging to restore his country’s geopolitical clout. In particular, Putin wanted the US to treat Russia not as a mere object of history, as it had done under his predecessor Boris Yeltsin, but as a real interlocutor.

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If these revelations don’t stop Assange’s extradition, nothing will. And Britain will be nothing but a deep black hole.

Assange’s Lawyers Were Under Surveillance. That’s Not The Whole Story (Canary)

A private security company organised 24/7 surveillance of WikiLeaks founder Julian Assange during his stay at the Ecuadorian embassy in London. This included confidential meetings between Assange and members of his legal team. The surveillance was provided directly to the CIA. These revelations could possibly jeopardise the viability of the US extradition case. But within this story there lies another that raises serious questions about the establishment media and allegiances. According to El Pais, Spanish security firm UC Global was responsible for the surveillance of Assange when he was a guest of the Ecuadorian government at their London embassy. UC Global, a firm with an address in Jerez de la Frontera (Cádiz), was hired by Senain, the former Ecuadorian intelligence service, ostensibly to provide protection for Assange.


However, it’s now been revealed that the company’s owner David Morales passed on the results of the operations to the CIA. He even installed a video streaming service direct to the US. Also monitored were meetings between Assange and his lawyers, including Melynda Taylor, Jennifer Robinson, and Baltasar Garzón. After Rafael Correa was replaced by the right-wing Lenín Moreno as president of Ecuador in May 2017, the latter cancelled the UC Global contract. Moreno then issued a new contract to Ecuadorian company Promsecurity. Video recordings and photos taken by that firm were subsequently used in an extortion attempt.

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Sep 292019
 
 September 29, 2019  Posted by at 9:56 am Finance Tagged with: , , , , , , , , ,  23 Responses »


Paul Gauguin Portrait of Ingeborg Thaulow 1877

 

Pelosi Says Public Opinion Shifting In Support Of Impeachment Inquiry (R.)
Pelosi’s House Rule Changes are Key Part of “Articles of Impeachment” (CTH)
Scott Adams Makes the Case for ‘President for Life’ Trump (Ricochet)
The Problem With Impeachment (Chris Hedges)
On The Motives Behind Whistleblower-gate (MoA)
The Latest Plot To Topple Trump: Politics According To -Groucho- Marx (SCF)
State Dept. Ramps Up Probe Into Clinton Email Server (Hill)
Has Australia Really Had a 28-Year Expansion? (St.Louis Fed)
U.S. Income Inequality Worsens, Widening To A New Gap (NPR)
Edward Snowden’s Julian Assange is an Unfamiliar Julian Assange (MPN)

 

 

She made that up.

Pelosi Says Public Opinion Shifting In Support Of Impeachment Inquiry (R.)

U.S. House Speaker Nancy Pelosi said on Saturday that public opinion is now on the side of an impeachment inquiry against President Donald Trump following the release of new information about his conversations with Ukrainian President Volodymyr Zelenskiy. Pelosi this week announced her support for an investigation after the surfacing of a whistleblower complaint that said Trump appeared to solicit a political favor from Ukraine’s president aimed at helping him be re-elected next year. Pelosi for months took a cautious approach in weighing the calls of other Democratic House members to launch impeachment proceedings against Trump, which grew louder after former Special Counsel Robert Mueller testified on July 24 about his probe of Trump and Russian interference in the 2016 election.

“In the public, the tide has completely changed; it could change now – who knows – but right now after seeing the complaint and the IG (Inspector General) report and the cavalier attitude the administration had towards it, the American people are coming to a different decision,” Pelosi said at a journalism event hosted by the Texas Tribune news website. She added that her resistance to holding an impeachment inquiry quickly evolved from urging that fellow Democrats remain cautious of the political fallout ahead of next year’s elections to full steam ahead as details emerged of Trump’s dealings with Ukraine’s leader. “A president of the United States would withhold military assistance paid for by taxpayers to shake down the leader of another country unless he did him a political favor – that is so, so clear,” Pelosi said.

[..] Several Democratic presidential candidates attended the three-day event in Austin, including Mayor Pete Buttigieg, former Representative Beto O’Rourke, Senator Amy Klobuchar and former Housing Secretary Julian Castro, all of whom agreed with Pelosi that the campaign to push Trump from office must focus on policies and not impeachment. While some polls have shown Americans are split on supporting impeachment, Castro, who served under former President Barack Obama, said he thinks the public will increasingly back the inquiry. “Like in Watergate, after more evidence gets out there … you’ll see more people of different political stripes start to support it,” Castro said at the event, referring to moves in 1974 to impeach former President Richard Nixon.

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Pelosi called for impeachment without having seen the transcript or the complaint. That will forever be weird.

Pelosi’s House Rule Changes are Key Part of “Articles of Impeachment” (CTH)

Back in December 2018 CTH noted the significant House rule changes constructed by Nancy Pelosi for the 116th congress seemed specifically geared toward impeachment. {Go Deep} With the House going into a scheduled calendar recess, those rules are now being used to subvert historic processes and construct the articles of impeachment. A formal vote to initiate an “impeachment inquiry” is not technically required; however, there has always been a full house vote until now. The reason not to have a House vote is simple: if the formal process was followed the minority (republicans) would have enforceable rights within it. Without a vote to initiate, the articles of impeachment can be drawn up without any participation by the minority; and without any input from the executive. This was always the plan that was visible in Pelosi’s changed House rules.

Keep in mind Speaker Pelosi selected former insider DOJ official Douglas Letter to be the Chief Legal Counsel for the House. That becomes important when we get to the part about the official full house impeachment vote. The Lawfare group and DNC far-left activists were ecstatic at the selection. Doug Letter was a deep political operative within the institution of the DOJ who worked diligently to promote the weaponized political values of former democrat administrations. Speaker Pelosi has authorized the House committees to work together under the umbrella of an “official impeachment inquiry.” The House Intelligence (Schiff) and Judiciary Committees (Nadler) are currently working together leading this process.

From recent events we can see the framework of Schiff compiling Trump-Ukraine articles and Nadler compiling Trump-Russia articles. Trump-Ukraine via Schiff will likely focus on a corruption angle; Trump-Russia via Nadler will likely focus on an obstruction angle. How many articles of impeachment are finally assembled is unknown, but it is possible to see the background construct as described above. Unlike historic examples of committee impeachment assembly, and in combination with the lack of an initiation vote, Pelosi’s earlier House Rule changes now appear intentionally designed to block republicans during the article assembly process. The minority will have no voice. This is quite a design.

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Not really, but his arguments are interesting, and shared by many: how to put the CIA offside.

Scott Adams Makes the Case for ‘President for Life’ Trump (Ricochet)

No, Scott Adams is not suggesting that Trump be president for life. But Scott is making the case for Trump being the last legitimate president. Hence (my conclusion), if we want our president to be legitimate then we should want Trump to be president for life. And given his age that would not be an oppressively long time. So what is Scott talking about?! He referenced the other day a tweet from the person Scott thinks is the “smartest man he has ever met” — Naval Ravikant: Does it bother anyone else that our elected officials live in a panopticon run by our intelligence agencies? A panopticon is like a one-way mirror where a person can see everything without being seen.

In other words, if you assume that our intelligence service has technological access to conversations, emails, texts by accessing both public networks and “things” owned by elected officials that are connected to the internet, then our intelligence apparatus is in an enormously powerful position vis a vis elected officials. That is, bureaucrats have something on officials that can be used as leverage to override the desires and preferences of constituencies. This delegitimizes the elected politician as acting in the constituents’ interest rather than that of the intelligence community. Earlier Senator Schumer said much the same thing: “Let me tell you: You take on the intelligence community — they have six ways from Sunday at getting back at you.”

Now, according to Scott, Trump is the only elected politician who can resist the threats of the intelligence agencies because his flaws are well-known and flagrant, thus he has the least risk of losing political power from anything the intelligence officials could leak and would be believed. (At this point most voters don’t think or will ever be made to think that Trump is a traitor, intentionally working against the interests of the United States. Nor do they think that he is engaged in any “abuse of power” that is over the line for a president.) This makes him more legitimate as a political leader — from a constituency standpoint — than anyone who could be elected. So why wouldn’t you want Trump to be president for life?

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Chris Hedges has the same reasoning as Scott Adams.

The Problem With Impeachment (Chris Hedges)

Impeaching Donald Trump would do nothing to halt the deep decay that has beset the American republic. It would not magically restore democratic institutions. It would not return us to the rule of law. It would not curb the predatory appetites of the big banks, the war industry and corporations. It would not get corporate money out of politics or end our system of legalized bribery. It would not halt the wholesale surveillance and monitoring of the public by the security services. It would not end the reigns of terror practiced by paramilitary police in impoverished neighborhoods or the mass incarceration of 2.3 million citizens. It would not impede ICE from hunting down the undocumented and ripping children from their arms to pen them in cages. It would not halt the extraction of fossil fuels and the looming ecocide. It would not give us a press freed from the corporate mandate to turn news into burlesque for profit. It would not end our endless and futile wars. It would not ameliorate the hatred between the nation’s warring tribes—indeed would only exacerbate these hatreds.


Impeachment is about cosmetics. It is about replacing the public face of empire with a political mandarin such as Joe Biden, himself steeped in corruption and obsequious service to the rich and corporate power, who will carry out the same suicidal policies with appropriate regal decorum. The ruling elites have had enough of Trump’s vulgarity, stupidity and staggering ineptitude. They turned on him not over an egregious impeachable offense—there have been numerous impeachable offenses including the use of the presidency for personal enrichment, inciting violence and racism, passing on classified intelligence to foreign officials, obstruction of justice and a pathological inability to tell the truth—but because he made the fatal mistake of trying to take down a fellow member of the ruling elite.

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Decent overview of what’s going on.

On The Motives Behind Whistleblower-gate (MoA)

The whistleblower statute says that the matter in question must be an “urgent concern” that is defined as: “… a serious or flagrant problem, abuse, violation of law or Executive order, or deficiency relating to the funding, administration, or operations of an intelligence activity involving classified information, but does not include differences of opinions concerning public policy matters”. At the core of the complaint in question is a claim that Trump used a phone call with President Volodymyr Zelensky of the Ukraine to press Zelensky to investigate two issues. The call memorandum was declassified and published. During the phone call Zelensky had two requests. He wanted U.S. anti-tank weapons and he wanted an invitation to the White House. (He got both.)

Trump also had a request. He asked that Ukrainian authorities investigate two issues of U.S. public interest. The first is the reported interferences by Ukrainian government officials in favor of Hillary Clinton during the 2016 election campaign. This also involved the notorious security company CrowdStrike which made some false claims about Russian hacking in the Ukraine. The second one is the also well-know intervention by then Vice-President Joe Biden against a Ukrainian Attorney General who had an open investigation against a company that was sponsoring his son Hunter Biden. The U.S. and the Ukraine have a treaty that requires them to cooperate on law enforcement matters. That Trump wanted the Ukrainian authorities to investigated these issues was well known.

His personal lawyer Rudi Giuliani had said for several months that he was looking into these questions. The issues pointed out in the complaint are clearly beyond the scope of the whistleblower statute. Trump’s actions with regard to the Ukraine, especially the phone call, were neither outside of any law nor do they involve any intelligence activity. What Trump did during the call was not nefarious. The issue is clearly a question of “differences in opinion concerning public policy matters”. A whistleblower complaint must be send to the relevant agency’s inspector general. If he finds it credible it goes to the head of the agency who decides if it is within the statute and, if it is, sends the complaint to Congress.

The agency’s inspector general Michael Atkinson found the complaint ‘credible’ but, after seeking legal advice, the acting director of national intelligence Joseph Maguire did not forward it to Congress. It was the right thing to do as the content of the complaint is neither ‘whistleblowing’ nor within the relevant statute. What happened next is curious: “The agency’s inspector general, Michael Atkinson, notified Congress that the complaint existed but says he and Maguire have reached an “impasse” over whether to turn it over.” I have found no legal analysis if this was a required move or outside of the usual process. After that step was taken details of the complaint leaked to the press as they were supposed to do.

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I increasingly suspect Hillary will emerge.

The Latest Plot To Topple Trump: Politics According To -Groucho- Marx (SCF)

Right after being falsely accused of conspiring with Russia for the past two and a half years, Trump is suddenly accused of the opposite – of conspiring with Ukraine instead! This Reversal of Fortune – and of accusations – demands that the American public be as stupid and brainwashed as the oppressed population of Oceania in George Orwell’s dark and prophetic classic dystopia “1984.” “We are at War with Eurasia! We have always been at War with Eurasia!” “No! We LOVE Eurasia! We are at War with EASTAsia! We have always been at war with Eastasia!” Clearly, the readers and viewers of the New York Times, the Washington Post, MSNBC, CNN and all the rest of America’s media “Powers That Be” have already been well trained in Orwellian Doublethink and witless stupidity.

Suddenly, President Vladimir Putin of Russia is no longer the Evil Bad Guy plotting with Trump. Now it is new President of Ukraine Volodymyr Zelenskyy, himself a former professional comic actor on television. The Marx Brothers would have loved to co-star with him. Perhaps after being forced out of the presidency Trump, himself a former hit TV star across America, could hire Zelenskyy as his sidekick in a revival of his famous reality television show “The Apprentice.” As the late great British satirist Michael Wharton, who wrote under the nom de plume Peter Simple liked to say – the wilder the fantasy, the more rapidly it was bound to ‘collapse” into the realm which we naively and inaccurately describe as “reality.”

And what is the latest terrible crime that the President of the United States is now –suddenly and without warning – accused of? He dared to investigate whether Hunter Biden, the son of another eminent politician, former vice president Joe Biden was guilty of corruption. Just think of the consequences if Trump and his officials were allowed to continue their investigation unhindered: They might – shockingly! – put some other corrupt former US politicians out of business. Obviously, that would be the most terrible threat imaginable to the Home of the Brave and the Land of the Free.

No wonder the US Deep State hates Donald Trump! But there is another goal for this concocted scandal. It’s a twofer – a two for one scandal – intended to topple Trump and remove Biden from serious consideration at the same time, clearing the way for the Deep State’s True Candidate – Senator Elizabeth Warren. The shamelessness of this latest concocted scandal would leave Josef Goebbels green with envy and laughing uncontrollably. Unfortunately, it isn’t a joke.

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Hilarious: “It is such an obscene abuse of power and time involving so many people for so many years,” they said. “This has just sucked up people’s lives for years and years.”

I could have sworn they were talking about the Mueller investigation.

State Dept. Ramps Up Probe Into Clinton Email Server (Hill)

The State Department reportedly intensified a probe into former Secretary of State Hillary Clinton’s private email server, contacting dozens of former aides involved in email exchanges that passed through Clinton’s server. The Washington Post reported Saturday that as many as 130 former Clinton aides have been contacted by State Department investigators in recent weeks, with many being informed that they have been found “culpable” for transmitting information that should have been classified at a higher level than it was originally sent. Former Obama administration officials describe the probe to the Post as an extraordinary investigation fueled by political animosity.

But current officials speaking on the condition of anonymity told the newspaper that the probe was structured to avoid the appearance of political bias. The probe, which reportedly reached the stage where former officials began being contacted shortly after Trump’s inauguration, was described by one senior agency official to the Post as having nothing to do with President Trump’s vows to investigate Clinton if elected during the 2016 election. “This has nothing to do with who is in the White House,” the official said. “This is about the time it took to go through millions of emails, which is about three and a half years.” “The process is set up in a manner to completely avoid any appearance of political bias,” another official told the Post.

Former officials involved in the probe described it as a political vendetta, with one telling the Post it was an “abuse of power” by the Trump administration. “It is such an obscene abuse of power and time involving so many people for so many years,” they said. “This has just sucked up people’s lives for years and years.”

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No.

Has Australia Really Had a 28-Year Expansion? (St.Louis Fed)

In July, the U.S. officially entered its longest expansion on record. Naturally, many are wondering if the expansion is sustainable. When asking this question, many turn to the Australian case, as it has been argued that Australia hasn’t had a recession in 28 years. But is this really the case? The figure below shows the growth rate of Australia’s GDP, with recessions shaded gray. (Recessions are defined here as two or more consecutive quarters of negative GDP growth.)

According to this, Australia has not had a recession since 1991 and has been growing since. However, when we look at real per capita GDP growth, the story changes. The figure below shows Australia’s per capita GDP growth rate. Again, recessions are shaded gray and defined as two or more consecutive quarters of negative growth.

As shown in the figure, Australia has had three recessions since 1991 when looking at GDP per capita, the most recent one being from the second quarter of 2018 to the first quarter of 2019. This discrepancy between the growth rate of per capita GDP and the growth rate of GDP implies that population growth has been a key factor for Australia’s economic expansion. A rising population increases the size of the economy, and therefore total output increases, which is reflected in the level of GDP. However, the fact that we do see economic downturns in per capita terms means that population is growing faster than GDP. For nearly 40 years, Australia has had a higher population growth rate than other industrialized economies, as seen in the figure below.

In particular, it had a surge in population around 2008—during the height of the global financial crisis—due to migration. This population growth translated to overall positive GDP growth, but its effect on GDP growth hasn’t been enough to prevent recessions in per capita terms. Per capita recessions are not unique to Australia. In the table below, we compare the number of observed recessions when using GDP growth versus per capita GDP growth for several OECD countries. Again, a recession is defined as two or more consecutive quarters of negative growth.

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On a societal level (in)equality is strongly linked to prosperity.

U.S. Income Inequality Worsens, Widening To A New Gap (NPR)

The gap between the richest and the poorest U.S. households is now the largest it’s been in the past 50 years — despite the median U.S. income hitting a new record in 2018, according to new data from the U.S. Census Bureau. U.S. income inequality was “significantly higher” in 2018 than in 2017, the federal agency says in its latest American Community Survey report. The last time a change in the metric was deemed statistically significant was when it grew from 2012-2013. While many states didn’t see a change in income inequality last year, the income gap grew wider in nine states: Alabama, Arkansas, California, Kansas, Nebraska, New Hampshire, New Mexico, Texas and Virginia.

The disparity grew despite a surging national economy that has seen low unemployment and more than 10 years of consecutive GDP growth. The most troubling thing about the new report, says William M. Rodgers III, a professor of public policy and chief economist at the Heldrich Center at Rutgers University, is that it “clearly illustrates the inability of the current economic expansion, the longest on record, to lessen inequality.” When asked why the rising economic tide has raised some boats more than others, Rodgers lists several factors, including the decline of organized labor and competition for jobs from abroad. He also cites tax policies that favor businesses and higher-income families.

Income inequality is measured through the Gini index, which measures how far apart incomes are from each other. To do that, the index assigns a hypothetical score of 0.0 to a population in which incomes are distributed perfectly evenly and a score of 1.0 to a population where only one household gets all of the income. In the U.S., the Gini index figure had been holding steady for the past several years. But it moved from 0.482 in 2017 to 0.485 in 2018. While that change may seem small, it’s statistically significant, the Census Bureau says. The agency notes that back in 2006, the figure stood at 0.464.

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I haven’t read the book, but this is a little alarming.

Edward Snowden’s Julian Assange is an Unfamiliar Julian Assange (MPN)

NSA whistleblower Edward Snowden and WikiLeaks’ former editor Julian Assange have a complicated relationship. On the one hand, they share important similarities: both are perceived as dangerous enemies by the United States government, and both have been documentary subjects of filmmaker Laura Poitras. On the other hand, they clearly disagree when it comes to the means of achieving government transparency and accountability. After all, if Snowden had agreed with Assange about publishing practices, it is likely that he would have followed Chelsea Manning’s example and sent the NSA documents he collected and disclosed in 2013 to WikiLeaks.

The recent publication of Permanent Record, Snowden’s 336-page memoir, takes the Snowden-Assange dynamic to new—and problematic—heights. When Assange was forcibly dragged out of the Ecuadorian embassy in early 2019, Snowden was among the leading voices condemning the arrest of the WikiLeaks founder, calling it a dangerous assault on journalism. But in his memoir, Snowden uses rhetorical tricks to present Assange and WikiLeaks as his deceitful and irresponsible foils in a blatant and seemingly self-serving effort to highlight his own trustworthiness and accountability. Indeed, reviewers at the Washington Post and New Yorker have already seized upon Snowden’s anti-Assange rhetoric to serve their own anti-Assange agendas.

Proponents of press freedom have become accustomed to Pentagon and national security state attacks on Assange, but Snowden’s puzzling claims about the white-haired Australian and his transparency organization are exceptionally dangerous because they come from an otherwise highly respectable and trustworthy source, and at a time when there is otherwise a virtual media blackout on WikiLeaks. To be sure, Snowden deserves recognition as a courageous whistleblower and as a global champion of privacy rights, but in Permanent Record, Snowden appears willing to use a political prisoner for personal gain, deliberately distorting the truth and perpetuating the imperialistic propaganda that threatens not only Assange’s health but also his very life—just like the corporate media and national security state he exposed in 2013.

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Trans I Re by Fredrik Raddum

 

 

 

 

 

Sep 282019
 
 September 28, 2019  Posted by at 9:51 am Finance Tagged with: , , , , , , , , ,  13 Responses »


Paul Gauguin Harbour scene, Dieppe 1883

 

New Docs Contradict Biden Claim That Fired Ukrainian Prosecutor Was Corrupt (ZH)
Adam Schiff Epitomizes the Total Collapse of Democratic Party Integrity (PCR)
10 Reasons Democrats’ Impeachment Argument Is Falling Apart (Grabien)
Intel Community Secretly Nixed Whistleblower Demand of First-Hand Info (Fed.)
Pompeo Subpoenaed By House Democrats In Trump Impeachment Inquiry (BBC)
Everything the Press Gets Wrong about the Ukraine Call (Scott Adams)
A Dumpster Fire on a Garbage Barge (Kunstler)
Joseph Wilson, US Envoy Who Defied Bush Over Iraq, Dies Aged 69 (BBC)
White House Deliberates Block On All US Investments In China (CNBC)
Western Dominance Is On The Wane – Lavrov at UNGA (RT)
Establishment & Media Sympathize With Greta. So How Is That A Protest? (RT)
Assange Behind Bars (Felicity Ruby)

 

 

As I wrote yesterday: “John Solomon’s account is really important in the impeachment hearings.. And everything he says is documented.”

Solomon is the key figure here.

New Docs Contradict Biden Claim That Fired Ukrainian Prosecutor Was Corrupt (ZH)

Appearing on “Hannity” Thursday night, Solomon explained “These documents show, as I report tonight for the first time, that the very day that Joe Biden managed to get that Ukraine prosecutor fired, that very day his son’s company’s lawyers, the American company lawyers helping Burisma trying to fight this investigation were trying to urgently reach the new prosecutor, the replacement prosecutor.” “In that meeting, according to the official record from the prosecutor, the lawyers for Hunter Biden’s company stated to the replacement prosecutor, we know that the information calling Mr. Shokin was corrupt and was ‘False information distributed by U.S. Government officials and other figures. We would like to make this up to you by bringing you to Washington, you are not corrupt and you instigated numerous reforms.’ That is the official record of the meeting. Ukrainian prosecutors kept.” (via the Daily Caller). According to Solomon, the memos raise troubling questions (via The Hill):


1) If the Ukraine prosecutor’s firing involved only his alleged corruption and ineptitude, why did Burisma’s American legal team refer to those allegations as “false information?” 2) If the firing had nothing to do with the Burisma case, as Biden has adamantly claimed, why would Burisma’s American lawyers contact the replacement prosecutor within hours of the termination and urgently seek a meeting in Ukraine to discuss the case? What’s more, Ukrainian prosecutors attempted to get this information to the US Department of Justice (DOJ) since last summer – first unsuccessfully engaging a US attorney in New York who they say showed no interest, and then reaching out to Rudy Giuliani, President Trump’s attorney.

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Schiff was a disgrace in the House- again.

Adam Schiff Epitomizes the Total Collapse of Democratic Party Integrity (PCR)

US Rep. Adam Schiff, Democrat from California and chairman of the House Intelligence Committee, had no qualms about lying through his teeth in his opening statement prior to the testimony of Acting Director of National Intelligence Joseph Maguire. Everyone present had read the transcript of the telephone conversation between President Trump and Ukrainian President Zelensky, and everyone knew that what Schiff, who said he was reading from the transcript of the telephone call, was saying was not in the transcript. How can it be that the chairman of a House committee in a room full of newspersons and TV cameras has no qualms about intentionally misrepresenting the written record in order to make it conform to the lies the Democrats and their stable of corrupt presstitutes have spread about a telephone call revealed by an alleged whistleblower, a likely Democrat operative, who claimed to have heard it second hand.

When I was a member of the Congressional staff, any Representative who so dishonored a committee of the House and the House itself as Schiff has done would have been reprimanded, brought before the Ethics Committee, and forced to resign. But the Democrats have ground integrity under their heel in their fanatical determination to prevent Trump’s reelection. In his opening statement Adam Schiff further showed his total lack of integrity in his assault on the integrity and character of Joseph Maguire and made wild and irresponsible charges probably never witnessed previously in the halls of Congress.

The transcript of the telephone call shows that what the alleged whistleblower said is false. Yet in the face of the evidence Adam Schiff speaks as if the evidence does not exist and that the alleged whistleblower’s second hand statement is true. Once again we hear the Democratic Party say, “Evidence? We don’t need no stinkin’ evidence.” They don’t need evidence because the presstitutes support their lies and control the explanations given to Americans. The Democrats are betting their future on their lies being shielded by their media whores and that the insouciant American people will hear nothing but false allegations against Trump repeated endlessly, as was the case with Russiagate. If the people realize that the “impeachment investigation” is another hoax like Russiagate, Schiff will have destroyed the Democrats’ chances in the next election.

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Key feature: “..the Ukrainian delegation hadn’t even been made aware aid was held up until a month after the Trump call…”

10 Reasons Democrats’ Impeachment Argument Is Falling Apart (Grabien)

1. No quid pro quo. Despite Democrats’ initial claim, there was no quid pro quo. The call transcript shows the topic of aid only came up in reference to how well the U.S. treats Ukraine, particularly as compared to Euro nations, most specifically Germany. At no point does Trump threaten to withhold anything, as even some of Trump’s media critics conceded.

2. Ukrainians weren’t pressured. Democrats and the media have repeatedly insisted President Trump “acted like a mob boss” in applying pressure on President Volodymyr Zelensky. He, however, defended Trump, saying he felt no pressure. “ I think you read everything,” he told reporters in New York this week. “So I think you read text. I’m … I am sorry but I don’t want to be involved to democratic open, uh, hum… [..] .. elections of U.S.A. You’ve heard we had, um, I think good phone call. It was normal. We spoke about many things and I thought so. And I think and you read it that nobody push it, pushed me.”

3. Timeline. Politico’s Ken Vogel reported that the Ukrainian delegation hadn’t even been made aware aid was held up until a month after the Trump call. It’s hard to see they could feel they’re being “extorted,” as Democrats keep saying, if they weren’t even aware of the pressure supposedly being applied.

4. No Illicit Favors. When the White House released the call transcript, readers noticed that after some initial mutual flattery, Zeleznsky brings up buying more Javelin missiles; President Trump then asks for a favor and requests additional information into 2016 election meddling. Rep. Adam Schiff suggested Trump’s request for a “favor” actually referenced wanting dirt on Joe Biden, but Biden only comes up later in the conversation, and in a separate context. Nonetheless, the major media almost uniformly reported the “favor” line from Trump’s call in the same inaccurate fashion.

5. Whistleblower Complaint Lacks Credibility. This complaint, which Democrats for some reason insisted was more important than the call transcript itself, was basically a version of that original call that had been run through a game of telephone. The report had the basic story reasonably accurate, but then supplemented that synopsis with additional accumulated gossip. At least three key details in the complaint have since been shown to be false. As the document is itself a product of hearsay — the self-described whistleblower admits at the beginning of his report that he never witnessed anything — and the fact it contains demonstrable inaccuracies, its importance should certainly be subjugated to the call transcript itself. [..]

9. Rudy. It’s widely reported Rudy Giuliani was Trump’s go-to guy for actually carrying out this conspiracy. On his call, Trump told the Ukraine president to speak with Rudy (as well as AG Barr), about the investigation into an oil company on whose board sat Hunter Biden, the former vice president’s son. But Giuliani first communicated with his Ukrainian counterparts more than a year before Biden entered the race. Yes, it’s possible they anticipated Biden eventually entering the race; but it’s also possible Trump actually thought there might be legitimate corruption worthy of investigating. Giuliani tries to prove this point by noting the State Dept. was helping coordinate his communications.

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This is too much.

Intel Community Secretly Nixed Whistleblower Demand of First-Hand Info (Fed.)

Between May 2018 and August 2019, the intelligence community secretly eliminated a requirement that whistleblowers provide direct, first-hand knowledge of alleged wrongdoings. This raises questions about the intelligence community’s behavior regarding the August submission of a whistleblower complaint against President Donald Trump. The new complaint document no longer requires potential whistleblowers who wish to have their concerns expedited to Congress to have direct, first-hand knowledge of the alleged wrongdoing that they are reporting.

The brand new version of the whistleblower complaint form, which was not made public until after the transcript of Trump’s July 25 phone call with the Ukrainian president Volodymyr Zelensky and the complaint addressed to Congress were made public, eliminates the first-hand knowledge requirement and allows employees to file whistleblower complaints even if they have zero direct knowledge of underlying evidence and only “heard about [wrongdoing] from others.” The internal properties of the newly revised “Disclosure of Urgent Concern” form, which the intelligence community inspector general (ICIG) requires to be submitted under the Intelligence Community Whistleblower Protection Act (ICWPA), show that the document was uploaded on September 24, 2019, at 4:25 p.m., just days before the anti-Trump complaint was declassified and released to the public.

The markings on the document state that it was revised in August 2019, but no specific date of revision is disclosed. The complaint alleges that President Donald Trump broke the law during a phone call with the Ukrainian president. In his complaint, which was dated August 12, 2019, the complainant acknowledged he was “not a direct witness” to the wrongdoing he claims Trump committed. A previous version of the whistleblower complaint document, which the ICIG and DNI until recently provided to potential whistleblowers, declared that any complaint must contain only first-hand knowledge of alleged wrongdoing and that complaints that provide only hearsay, rumor, or gossip would be rejected.

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You start to feel pity for them.

Pompeo Subpoenaed By House Democrats In Trump Impeachment Inquiry (BBC)

US Secretary of State Mike Pompeo has been ordered by Democrats to turn over documents relating to the Trump administration’s dealings with Ukraine. In a letter, the heads of three House committees subpoenaed Mr Pompeo to produce the documents within a week. It is the latest move in rapidly escalating impeachment proceedings against President Donald Trump. He is being scrutinised for allegedly pressuring Ukraine’s president to investigate Democratic rival Joe Biden. In a separate development on Friday, the US special envoy for Ukraine negotiations, Kurt Volker, resigned, US media reported.


Mr Trump has denied putting any pressure on Ukrainian President Volodymyr Zelensky in a phone call in July, when Mr Biden was leading polls to win the Democratic nomination for the White House race in 2020. Mr Trump has alleged that Mr Biden pressed for the sacking of Ukrainian prosecutor Viktor Shokin in 2016 to protect a business that employed his son, Hunter Biden. Mr Biden did call for the sacking of Mr Shokin, even threatening to withhold $1bn (£813m) in aid to Ukraine.

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Everyone understands why the US president needs the room to move, and they’ll grant it to every single one. Except for Trump.

Everything the Press Gets Wrong about the Ukraine Call (Scott Adams)

We give our presidents a lot of flexibility in dealing with foreign affairs because it works better to have one “boss” in these situations. Had Trump permanently withheld funds approved by Congress, that would be a system problem on our end. But temporarily putting a hold on those funds before speaking leader-to-leader is just smart presidenting. It creates the impression that the president is the only American the foreign leader needs to deal with. That’s “setting the table.” Does it matter exactly what Trump was going to discuss, negotiate, or request? Nope. If the only thing Trump did on the phone call was congratulate President Zelensky on his election victory, it would still be smart to hold the funds until then.

We want our president to go into every conversation with foreign leaders fully armed, persuasion-wise. When Trump brings the full weight of the office with him, it sets the table for the current conversations, and every one after that. When Trump withholds funds, pulls out of a deal, or otherwise transfers power from Congress to himself, it makes him a more effective negotiator. It puts him in charge. It is a strong psychological advantage. Compare that approach to sending a president out weak, dependent on Congress to wipe his nose. Those are not similar table settings. Trump knows the difference. So does everyone who read his book, The Art of the The Deal.

We’ve heard Trump say he was concerned about corruption in Ukraine, and that was why he put a hold on the funds. I’m sure that was at least a part of his concern. Probably every American has that same concern about foreign aid in general. But as I said, it doesn’t matter what reason he gives the American public. Regardless of corruption in Ukraine, it was still smart to withhold funds until after the leaders spoke, because it made Trump the only person Zelensky needs to satisfy. That’s what we want from our presidents. We want them going in strong, with the full weight of their office and influence, to every interaction with foreign leaders, every time.

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“Their ongoing campaign to undo the 2016 election is igniting a civil war.”

A Dumpster Fire on a Garbage Barge (Kunstler)

Others have pointed out that the whistleblower’s complaint was composed as a legal brief, leading to the inference that it was constructed by lawyers and perhaps a team of lawyers. The whistleblower’s lawyer is Andrew Bakaj, a former CIA employee who got his start interning for Senator Chuck Schumer and then Hillary Clinton. The Washingtonian said Bakaj “actually wrote the CIA’s internal rules on whistleblowing.” Is that so? Did he write Form 401 then? His client’s complaint states: “I was not a direct witness to most of the events described. However, I found my colleagues’ accounts of these events to be credible because, in almost all cases, multiple officials recounted fact patterns that were consistent with one another.” In other words, second-hand information. Dismissed.

Everyone and his uncle remembers the infamous threat issued to Mr. Trump by Senator Schumer during the transition period in January, 2017: “Let me tell you: You take on the intelligence community — they have six ways from Sunday at getting back at you,” Perhaps Senator Schumer should have kept his pie-hole shut on that. He made it official that the Intel Community would act as an adversary and antagonist to the President, and that appears to be exactly what has happened. One suspects that this rogue agency has captured The New York Times, The Washington Post, National Public Radio, and several TV cable news networks as well. And now they are metamorphosing into an enemy of the people.

The moment approaches when Mr. Trump will have to carry out a severe housecleaning of the CIA and perhaps many other agencies under the executive branch of the government. Their ongoing campaign to undo the 2016 election is igniting a civil war. Clearly a part of the whistleblower gambit was an attempt to discredit Attorney General William Barr and set up a device that would force him to recuse himself from any further inquiry into shenanigans carried out in and around Ukraine since 2014, when the CIA and the Obama State Department overthrew the government of Viktor Yanukovych. Mr. Barr is a sturdy fellow. He may have seven ways from Sunday for countering their seditious monkeyshines. Wait for it.

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Literally lives destroyed by the Deep State.

Joseph Wilson, US Envoy Who Defied Bush Over Iraq, Dies Aged 69 (BBC)

The US diplomat Joseph Wilson, who defied President George W Bush over the decision to go to war with Iraq, has died aged 69. In 2003, Mr Wilson disproved allegations used by the Bush administration as grounds for invasion that then-Iraqi leader Saddam Hussein had bought uranium in Niger. Days later, his then-wife Valerie Plame was outed as a CIA agent, in what some saw as an act of political revenge. He and Ms Plame divorced in 2017. Ms Plame told the Washington Post that er ex-husband had died of organ failure in a hospice in New Mexico, where they both lived. In a career spanning three decades, Mr Wilson held numerous postings, mainly in Africa. As acting ambassador to Iraq in the run-up to the First Gulf War in 1991, he was the last US diplomat to meet Saddam Hussein.


In 2002, by then a private citizen, Mr Wilson was sent by the CIA on a fact-finding mission to Niger to investigate reports that Iraq had bought a nuclear material – uranium yellowcake. Mr Wilson concluded that the reports were false, but 11 months later they reappeared in Mr Bush’s State of the Union address. They were used as evidence that Iraq was obtaining weapons of mass destruction, and justification for the 2003 war. In July of that year, the former diplomat wrote in the New York Times: “I have little choice but to conclude that some of the intelligence related to Iraq’s nuclear weapons programme was twisted to exaggerate the Iraqi threat.”

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May not be all that practical. How about existing investments?

White House Deliberates Block On All US Investments In China (CNBC)

The White House is weighing some curbs on U.S. investments in China, a source familiar with the matter told CNBC. This discussion includes possibly blocking all U.S. financial investments in Chinese companies, the source said. It’s in the preliminary stages and nothing has been decided, the source said. There’s also no time frame for their implementation, the source added. Restricting financial investments in Chinese entities would be meant to protect U.S. investors from excessive risk due to lack of regulatory supervision, the source said. The deliberations come as the U.S. looks for additional levers of influence in trade talks, which resume on Oct. 10 in Washington.


Both countries slapped tariffs on billions of dollars worth of each other’s goods. The discussions also come as the Chinese government is taking steps to increase foreign access to its markets. Bloomberg News first reported earlier on Friday that Trump administration officials are considering ways to limit U.S. investors’ portfolio flows into China, including delisting Chinese companies from American stock exchanges and preventing U.S. government pension funds from investing in the Chinese market. Shares of Alibaba, Baidu and other Chinese companies plunged following the news. China’s yuan weakened to 7.15 against the dollar on the report.

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‘We’re liberals hence anything is permitted to us’”

Western Dominance Is On The Wane – Lavrov at UNGA (RT)

The West ignores reality by trying to prevent the formation of a multi-polar world by imposing its narrow “liberal” rules on others, Russia’s Foreign Minister Sergey Lavrov has told the UN General Assembly. Lavrov’s speech on Friday at the UN headquarters in New York focused on global challenges but, unlike some of the speakers, he didn’t mince words, proceeding into a full-on rebuke of the Western ideal of world order. New centers of economic growth and political influence are emerging internationally, he said, but the US and its allies are trying to impede the rise of the multi-polar world. In order to achieve this, they “impose the standards of conduct based on narrow Western interpretation of liberalism on others. In short, ‘We’re liberals hence anything is permitted to us’” was how he characterized this attitude.

“It’s hard for the West to accept that its centuries-long domination is diminishing.” “The West has been increasingly forgetting about international law and more often dwell on rules-based order.”

As opposed to this counterproductive approach, lasting solutions to global challenges should be founded “on the basis of the UN Charter, through the balance of interests of all states,” the Russian FM recommended. The top Russian diplomat also expressed hope that Moscow and Washington would agree on an extension of the New Strategic Arms Treaty (New START), which is set to expire in February 2021. All the suggestions that Russia has made to establish additional communication channels to work on the issue are still “on the table,” Lavrov said, as is Moscow’s most recent proposal for NATO to impose a mutual moratorium on the deployment of short- and mid-range missiles in Europe.

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Oh, jeez…: “The Guardian comparing her speech on Monday to Abraham Lincoln’s Gettysburg Address for its historical significance, and New York Magazine calling her “the Joan of Arc of climate change.”

Establishment & Media Sympathize With Greta. So How Is That A Protest? (RT)

As hundreds of thousands of people – many of them schoolchildren – take to the streets in another demonstration over climate change, one must wonder: at what point does protest become the status quo? Swedish climate activist Greta Thunberg’s solo school walkout last August was little more than a sideshow to newspaper editors and TV crews. But the teenage crusader’s ‘school strike’ snowballed, and the ‘Fridays for Future’ movement grew. Now, after an emotional speech by Thunberg at the UN Climate Action Summit on Monday, hundreds of thousands of climate strikers worldwide are packing the streets on Friday, demanding their governments declare a state of emergency, slash carbon emissions, penalize meat-eating and kill the car, to pick but a few of their proposals.

But these radicals – as they would have been called not so long ago – aren’t being met by the batons, tear gas and rubber bullets the state usually deploys to quash dissent (not that any peaceful demonstrations should be). Media outlets aren’t smearing those within their ranks as racists and downplaying attendance numbers, and the crowds occupying city streets aren’t risking injury and mutilation to do so. The very idea of ‘protest’ implies some resistance, some injustice of state to be overcome. Climate protesters would argue that not enough is being done to heal our heating earth – and that’s a debate beyond the scope of this article – but government, media, and the world’s power brokers have aided Thunberg and co’s protest movement at every step of the way.

France’s ‘Yellow Vests’ protests began in opposition to a fossil fuel tax hike, and were met with all of the violence described above on a weekly basis. Thunberg, in contrast, was invited to address the French parliament in July. Likewise with her appearances at the World Economic Forum in Davos earlier this year, her speeches before British parliament and the US Congress, and her most recent UN appearance. On every occasion, the world’s political leaders rolled out the red carpet and held the door open for her to lecture them. Media coverage of Thunberg and the climate protests has been overwhelmingly favorable – with The Guardian comparing her speech on Monday to Abraham Lincoln’s Gettysburg Address for its historical significance, and New York Magazine calling her “the Joan of Arc of climate change.” The Yellow Vests, to continue the comparison, were described as a rabble of anti-semites and “notorious Holocaust deniers,” based on the actions of a tiny minority of protesters.

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A visit to Belmarsh maximum-security prison. Hard to get through.

Assange Behind Bars (Felicity Ruby)

I have only ever known Julian Assange in detention. For nine years now, I have visited him in England bearing Australian news and solidarity. To Ellingham Hall I brought music and chocolate, to the Ecuadorian embassy I brought flannel shirts, Rake, Wizz Fizz and eucalyptus leaves, but to Belmarsh prison you can bring nothing—not a gift, not a book, not a piece of paper. Then I returned to Australia, a country so far away that has abandoned him in almost every respect.

Over the years I have learned to not ask, ‘How are you?’, because it’s bloody obvious how he is: detained, smeared, maligned, unfree, stuck—in ever-narrower, colder, darker and damper tunnels—pursued and punished for publishing. Over the years I’ve learned to not complain of the rain or remark on what a beautiful day it is, because he’s been inside for so long that a blizzard would be a blessing. I’ve also learned that it is not comforting but cruel to speak of sunsets, kookaburras, road trips; it’s not helpful to assure him that, like me and my dog, he will find animal tracks in the bush when he comes home, even though I think it almost every day.

It is the prolonged and intensifying nature of his confinement that hits me as I wait in the first line outside the front door of the brown-brick jail. At the visitor centre opposite I’ve been fingerprinted after showing two forms of proof of address and my passport. Sure to remove absolutely everything from my pockets, I’ve locked my bags, keeping only £20 to spend on chocolate and sandwiches. Despite the security theatre that follows, the money gets nicked at some point through no fewer than four passageways that are sealed from behind before the next door opens, a metal detector, being patted down and having my mouth and ears inspected. After putting our shoes back on, we visitors cross an outdoor area and are faced with the reality of the cage: grey steel-mesh fencing with razor wire that is about 4 metres high all around. I hurry into the next building before going into a room where thirty small tables are fixed to the floor, with one blue plastic chair facing three green plastic chairs at each.

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Sep 272019
 


Salvador Dali Self-portrait in the studio 1919

 

These Once-Secret Memos Cast Doubt On Joe Biden’s Ukraine Story (Solomon)
Democrats Reveal the Real Purpose of the Impeachment Investigation (PCR)
Chelsea, Reality Hope New Approval Of Whistleblowers Will Set Them Free (Onion)
Wall Street To Dems: We’ll Sit Out, Or Back Trump, If Warren Nominated (CNBC)
Fed Will Need To Grow Its Balance Sheet ‘Permanently’ – Morgan Stanley (CNBC)
US Annual Health Insurance Costs Hit Record High Above $20,000 (BBG)
Quarter Of UK Rural Businesses ‘Could Be Bankrupted By No-Deal Brexit’ (G.)
China’s Giant $400 Billion Iran Investment Complicates US Options (F.)
Yemen’s Houthis Are Bringing Down A Goliath (Escobar)
Spanish Security Company Spied On Julian Assange In London For US (El Pais)
Trump Administration Proposes Historically Low Refugee Limit (AP)

 

 

John Solomon’s account is really important in the impeachment hearings.. And everything he says is documented.

Watched quite a lot of the House hearing yesterday, and thought: this is a circus. Everyone knows Trump is guilty or not before they’ve seen anything, just depending on what party they belong to. And no, no fan of Adam Schiff.

These Once-Secret Memos Cast Doubt On Joe Biden’s Ukraine Story (Solomon)

Former Vice President Joe Biden, now a 2020 Democratic presidential contender, has locked into a specific story about the controversy in Ukraine. He insists that, in spring 2016, he strong-armed Ukraine to fire its chief prosecutor solely because Biden believed that official was corrupt and inept, not because the Ukrainian was investigating a natural gas company, Burisma Holdings, that hired Biden’s son, Hunter, into a lucrative job. There’s just one problem. Hundreds of pages of never-released memos and documents — many from inside the American team helping Burisma to stave off its legal troubles — conflict with Biden’s narrative.

And they raise the troubling prospect that U.S. officials may have painted a false picture in Ukraine that helped ease Burisma’s legal troubles and stop prosecutors’ plans to interview Hunter Biden during the 2016 U.S. presidential election. [..] Some media outlets have reported that, at the time Joe Biden forced the firing in March 2016, there were no open investigations. Those reports are wrong. [..] the Ukraine Prosecutor General’s office still had two open inquiries in March 2016, according to the official case file provided me. [..] In a newly sworn affidavit prepared for a European court, Shokin testified that when he was fired in March 2016, he was told the reason was that Biden was unhappy about the Burisma investigation.

“The truth is that I was forced out because I was leading a wide-ranging corruption probe into Burisma Holdings, a natural gas firm active in Ukraine and Joe Biden’s son, Hunter Biden, was a member of the Board of Directors,” Shokin testified. “On several occasions President Poroshenko asked me to have a look at the case against Burisma and consider the possibility of winding down the investigative actions in respect of this company but I refused to close this investigation,” Shokin added.

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“..keeping him under investigation, at least through the November election, will increasingly erode the support of both Trump and the Republican party brand..”

Democrats Reveal the Real Purpose of the Impeachment Investigation (PCR)

The Democrats know that there is no impeachable offense. What they intend to do is to use the investigation to look into every aspect of Trump’s life and try to make dirt out of things unrelated to his talk with the Ukrainian president. This “impeachment investigation” is a political act to help their candidate win the next presidential election. Democrats themselves describe it in this way. For example, here is how Rob Kall, the director of one of the progressive Democrat websites, described the purpose of the investigation: “The idea should be to keep the impeachment going as long as possible, with new testimonies and new releases of disclosures of alleged corruption and treason on a regular basis.

“Looking at impeachment as a process for removing the president is the wrong way of thinking about it. Looking at it as a key that gives access to investigative tools is the smarter, more strategic, way of looking at it. “Ideally, it will get so bad for Trump that the Republicans will end up putting up someone else to run in the general election. “But keeping him under investigation, at least through the November election, will increasingly erode the support of both Trump and the Republican party brand, making a Democratic takeover of the Senate and the White House, and an increased control of the House even more likely.” In other words, it is a political power play.

The outcome depends on whether Americans see the impeachment investigation as another orchestrated hoax like Russiagate or whether they fall for the hoax as they iniatially did with the Russiagate investigation. The United States does not have a media. It has a propaganda ministry that helps the ruling elites control the explanations that Americans are given. Polls show that Americans have lost confidence in the media. If so, the impeachment investigation will backfire on the Democrats.

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Personally, I’m very much torn between tragedy and comedy.

Chelsea, Reality Hope New Approval Of Whistleblowers Will Set Them Free (Onion)

Following a CIA officer’s much-applauded decision to disclose evidence that President Trump urged his Ukrainian counterpart to interfere in the 2020 election, former intelligence analysts Chelsea Manning and Reality Winner expressed confidence Thursday that the nation’s newfound appreciation for whistleblowers would get them out of jail. “Now that everyone really seems to like it when wrongdoing is exposed, I’m sure it’s just a matter of time before they clear my name and let me go,” Winner said by phone from a federal prison in Texas, echoing the sentiments of Manning, who told reporters she expected not only to be released from jail but also to be allowed to return immediately to active duty in the Army.


“Americans recognize that what this anonymous whistleblower did was both courageous and patriotic, so I’m sure to be commended for releasing a report on interference in the 2016 election, right? I was ahead of my time, really. I’m not saying there will be a parade in my honor, but I sure wouldn’t be surprised. I’ll be out of here in a day or two, and then, who knows? Maybe I’ll even run for public office.” At press time, sources confirmed a chipper Edward Snowden had informed officials in the Justice Department that he was finally ready to leave Moscow and fly back home.

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The differences in fund-raising amounts are scary. The DNC is going to need Tulsi just for that.

Wall Street To Dems: We’ll Sit Out, Or Back Trump, If Warren Nominated (CNBC)

Democratic donors on Wall Street and in big business are preparing to sit out the presidential campaign fundraising cycle — or even back President Donald Trump — if Sen. Elizabeth Warren wins the party’s nomination. In recent weeks, CNBC spoke to several high-dollar Democratic donors and fundraisers in the business community and found that this opinion was becoming widely shared as Warren, an outspoken critic of big banks and corporations, gains momentum against Joe Biden in the 2020 race. “You’re in a box because you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to hurt me, so I’m going to help President Trump,’” said a senior private equity executive, who spoke on condition of anonymity in fear of retribution by party leaders.

The executive said this Wednesday, a day after Speaker Nancy Pelosi announced that the House would begin a formal impeachment inquiry into Trump. During the campaign, Warren has put out multiple plans intended to curb the influence of Wall Street, including a wealth tax. In July, she released a proposal that would make private equity firms responsible for debts and pension obligations of companies they buy. Trump, meanwhile, has given wealthy business leaders a helping hand with a major corporate tax cut and by eliminating regulations. Warren has sworn off taking part in big money fundraisers for the 2020 presidential primary. She has also promised to not take donations from special interest groups.

She finished raising at least $19 million in the second quarter mainly through small-dollar donors. The third quarter ends Monday. Trump, has been raising hundreds of millions of dollars, putting any eventual 2020 rival in a bind as about 20 Democrats vie for their party’s nomination. Trump’s campaign and the Republican National Committee have raised over $100 million in the second quarter. A large portion of that haul came from wealthy donors who gave to their joint fundraising committee, Trump Victory. In August, the RNC raised just over $23 million and has $53 million on hand. The Democratic National Committee have struggled to keep up. The DNC finished August bringing in $7.9 million and has $7.2 million in debt.

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No Greyerz yesterday, MS today. People do understand. But nobody acts.

Fed Will Need To Grow Its Balance Sheet ‘Permanently’ – Morgan Stanley (CNBC)

The Federal Reserve’s asset purchases likely will total $315 billion over the next six months as it seeks to stabilize overnight funding markets and contain the movements of its target interest rate, according to projections from Morgan Stanley. Those permanent moves will be necessary because the current temporary purchases likely won’t be enough to stabilize the market for overnight purchase agreements, or repos, the bank said. The Fed just a month ago halted a process that saw a more than $600 billion reduction of the balance sheet, which consists mostly of Treasurys and mortgage-backed securities that it had acquired in its efforts to pull the U.S. economy out of the financial crisis.


“We maintain that these temporary repo operations will not prove to be a sufficient long-term solution to the recent funding pressure,” Morgan Stanley strategist Kelcie Gerson said in a note. “Ultimately, the Fed will need to increase the size of its balance sheet permanently.” The Morgan Stanley forecast is a bit smaller than one recently from Bank of America Merrill Lynch, which estimated balance sheet expansion at $400 billion this year. The balance sheet currently stands about $3.9 trillion, pushed by three rounds of asset purchases in a process known as quantitative easing. Starting in October 2017, the Fed started allowing some proceeds from its maturing bonds to roll off each month, with a corresponding decrease of bank reserves that has taken the total down to about $1.5 trillion, the lowest in more than eight years.

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Another issue that nobody acts upon.

US Annual Health Insurance Costs Hit Record High Above $20,000 (BBG)

The cost of family health coverage in the U.S. now tops $20,000, an annual survey of employers found, a record high that has pushed an increasing number of American workers into plans that cover less or cost more, or force them out of the insurance market entirely. “It’s as much as buying a basic economy car,” said Drew Altman, chief executive officer of the Kaiser Family Foundation, “but buying it every year.” The nonprofit health research group conducts the yearly survey of coverage that people get through work, the main source of insurance in the U.S. for people under age 65. While employers pay most of the costs of coverage, according to the survey, workers’ average contribution is now $6,000 for a family plan.


That’s just their share of upfront premiums, and doesn’t include co-payments, deductibles and other forms of cost-sharing once they need care. The seemingly inexorable rise of costs has led to deep frustration with U.S. health care, prompting questions about whether a system where coverage is tied to a job can survive. As premiums and deductibles have increased in the last two decades, the percentage of workers covered has slipped as employers dropped coverage and some workers chose not to enroll. Fewer Americans under 65 had employer coverage in 2017 than in 1999, according to a separate Kaiser Family Foundation analysis of federal data. That’s despite the fact that the U.S. economy employed 17 million more people in 2017 than in 1999.

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Yeah, it’s the Guardian, and yeah, it may be a little less bad than they say, but the Tories’ lack of preparedness for what they themselves promote is nuts regardless.

Quarter Of UK Rural Businesses ‘Could Be Bankrupted By No-Deal Brexit’ (G.)

As many as one in four rural businesses could be left facing bankruptcy in a no-deal Brexit, and the staunchly Conservative rural vote may be in doubt as a result, the head of the UK’s landowners’ group has warned on the eve of the Tory party conference. Farmers are particularly vulnerable to a no-deal Brexit because tariffs would be levied on exports, imports of cheap food could flood the market, and because decisions must be made now which will have an impact for the next year. Arable farmers are putting crops in the ground now for spring, and livestock farmers are preparing to breed sheep and other livestock for next year.


Tim Breitmeyer, president of the Country Land and Business Association, said farms and the rural businesses that rely on them were not in a position to absorb the shock of Brexit, and estimates suggested a large number would be in danger. “Agriculture is not making very much money. In many cases, they’re losing [money] without the single farm payment [subsidy]. If you have a tariff to add to your problems, if you have increased costs to add to your problems, it’s only going to make matters worse and tip some businesses over the top,” he told the Guardian. “Now I don’t know whether that’s 15% or 25% but I’m absolutely sure there will be quite a few farming businesses for which it actually just tips them into receivership.”

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China was never going to let Iran fall. But now Trump’s sanctions policies drive it straight into Beijing hands: “Chinese firms will maintain the right of the first refusal to participate in any and all petrochemical projects in Iran, including the provision of technology, systems, process ingredients and personnel required to complete such projects.”

China’s Giant $400 Billion Iran Investment Complicates US Options (F.)

Amidst historic U.S. – Iran tensions, Beijing is doubling-down on its strategic partnership with Tehran, ignoring U.S. efforts to isolate the Islamic Republic from global markets. Following an August visit by Iran Foreign Minister Mohammad Javad Zarif to Beijing, the two countries agreed to update a 25-year program signed in 2016, to include an unprecedented $400 billion of investment in the Iranian economy – sanctions be damned. The capital injection, which would focus on Iran’s oil and gas sector, would also be distributed across the country’s transportation and manufacturing infrastructure. In return, Chinese firms will maintain the right of the first refusal to participate in any and all petrochemical projects in Iran, including the provision of technology, systems, process ingredients and personnel required to complete such projects.


According to an exclusive interview with Petroleum Economist, a senior source in Iran’s petrochemical sector had this to say about the new agreement: “The central pillar of the new deal is that China will invest $280 billion developing Iran’s oil, gas and petrochemicals sectors… there will be another $120 billion investment in upgrading Iran’s transport and manufacturing infrastructure, which again can be front-loaded into the first five-year period and added to in each subsequent period should both parties agree.” This comes at a time when Washington is exerting its so-called ‘maximum pressure’ strategy against Iran, which aims to change its international behavior by bringing oil exports down to zero.

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Makes me think of how Britain fought back vs Germany, and Viernam vs the US. Once your entire economy moves into self-defense mode, -almost- anything is possible.

Yemen’s Houthis Are Bringing Down A Goliath (Escobar)

“It is clear to us that Iran bears responsibility for this attack. There is no other plausible explanation. We support ongoing investigations to establish further details.” The statement above was not written by Franz Kafka. In fact, it was written by a Kafka derivative: Brussels-based European bureaucracy. The Merkel-Macron-Johnson trio, representing Germany, France and the UK, seems to know what no “ongoing investigation” has unearthed: that Tehran was definitively responsible for the twin aerial strikes on Saudi oil installations. “There is no other plausible explanation” translates as the occultation of Yemen. Yemen only features as the pounding ground of a vicious Saudi war, de facto supported by Washington and London and conducted with US and UK weapons, which has generated a horrendous humanitarian crisis.

So Iran is the culprit, no evidence provided, end of story, even if the “investigation continues.” Hassan Ali Al-Emad, Yemeni scholar and the son of a prominent tribal leader with ascendance over ten clans, begs to differ. “From a military perspective, nobody ever took our forces in Yemen seriously. Perhaps they started understanding it when our missiles hit Aramco.” [..] “Past Yemeni governments had missiles, but after 9/11 Yemen was banned from buying weapons from Russia. But we still had 400 missiles in warehouses in South Yemen. We used 200 Scuds – the rest is still there [laughs].”

Al-Emad breaks down Houthi weaponry into three categories: the old missile stock; cannibalized missiles using different spare parts (“transformation made in Yemen”); and those with new technology that use reverse engineering. He stressed: “We accept help from everybody,” which suggests that not only Tehran and Hezbollah are pitching in. Al-Emad’s key demand is actually humanitarian: “We request that Sana’a airport be reopened for help to the Yemeni people.” And he has a message for global public opinion that the EU-3 are obviously not aware of: “Saudi is collapsing and America is embracing it in its fall.”

On the energy front, Persian Gulf energy traders that I have relied upon as trustworthy sources for two decades confirm that, contrary to Saudi Oil Minister Abdulazziz bin Salman’s spin, the damage from the Houthi attack on Abqaiq could last not only “months” but even years. As a Dubai-based trader put it: “When an Iraqi pipeline was damaged in the mid-2000s the pumps were destroyed. It takes two years to replace a pump as the backlogs are long. The Saudis, to secure their pipelines, acquired spare pumps for this reason. But they did not dream that Abqaiq could be damaged. If you build a refinery it can take three to five years if not more.

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“The secret probe is the consequence of a criminal complaint filed by Assange himself, in which he accuses Morales and the company of the alleged offenses involving violations of his privacy and the secrecy of his client-attorney privileges, as well as misappropriation, bribery and money laundering.”

Spanish Security Company Spied On Julian Assange In London For US (El Pais)

Undercover Global S. L., the Spanish defense and private security company that was charged with protecting the Ecuadorian embassy in London during the long stay there of WikiLeaks founder Julian Assange, spied on the cyberactivist for the US intelligence service. That’s according to statements and documents to which EL PAÍS have had access. David Morales, the owner of the company, supposedly handed over audio and video to the CIA of the meetings Assange held with his lawyers and collaborators. Morales is being investigated for this activity by Spain’s High Court, the Audiencia Nacional.

The judicial investigation into the director of UC Global S. L. and the activities of his company were ordered by a judge named José de la Mata, and they began weeks after EL PAÍS published videos, audios and reports that show how the company spied on the meetings that the cyberactivist held in the embassy. The secret probe is the consequence of a criminal complaint filed by Assange himself, in which he accuses Morales and the company of the alleged offenses involving violations of his privacy and the secrecy of his client-attorney privileges, as well as misappropriation, bribery and money laundering.

Morales, a former member of the military who is on leave of absence, stated both verbally and in writing to a number of his employees that, despite having been hired by the government of then-Ecuadorian President Rafael Correa, he also worked “for the Americans,” to whom he allegedly sent documents, videos and audios of the meetings that the Australian activist held in the embassy. “We are playing in another league. This is the first division,” he told his closest colleagues after attending a security fair in the US city of Las Vegas in 2015 where he supposedly made his first American contacts. Despite the fact that the Spanish firm – which is headquartered in the southern city of Jerez de la Frontera – was hired by Senain, the Ecuadorian intelligence services, Morales called on his employees several times to keep his relationship with the US intelligence services a secret.

The owner of UC Global S. L. ordered a meeting between the head of the Ecuadorian secret service, Rommy Vallejo, and Assange to be spied on, at a time when they were planning the exit of Assange from the Ecuadorian embassy using a diplomatic passport in order to take him to another country. This initiative was eventually rejected by Assange on the basis that he considered it to be “a defeat,” that would fuel conspiracy theories, according to sources close to the company consulted by this newspaper. The meeting took place on December 21, 2017 in the meeting room of the diplomatic building and was recorded both on video and audio by cameras installed by Morales’ employees.

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This is absolutely nuts. You need 100,000 at the very least, or mayhem will ensue. And the US can easily absorb those numbers. There are a million people coming, minimum, each year.

Trump Administration Proposes Historically Low Refugee Limit (AP)

The Trump administration wants to cap the number of refugees admitted into the United States to the lowest number since the resettlement program was created in 1980. A State Department proposal released Thursday would put a cap on the number of refugees at 18,000 for the fiscal year that starts Oct. 1. Of those refugee admissions spots, 5,000 would be set aside for persecuted religious minorities — an attempt to bolster President Donald Trump’s heightened focus on global religious freedom — and 1,500 would be set aside for nationals of Guatemala, Honduras and El Salvador, who are seeking asylum in the United States in far greater numbers.


Last year, the administration placed the cap at a record low of 30,000. The historically low limits have drawn protests from human rights groups as well as government officials. “To cut the number of refugees the U.S. will accept to this low of a number reflects nothing more than this administration’s attempts to further hate, division and prejudice in a country that once valued dignity, equality and fairness,” said Ryan Mace, Grassroots Advocacy and Refugee Specialist at Amnesty International USA. The group dismissed arguments that the U.S. lacks the capacity to adequately vet and settle refugees, calling this “a purely political decision.”

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Whistleblowers: WikiLeaks has never revealed a source.

 

 

 

 

 

Sep 242019
 
 September 24, 2019  Posted by at 9:12 am Finance Tagged with: , , , , , , , , ,  19 Responses »


Paul Gauguin Clovis Gauguin asleep 1884

 

Why Repo Is Such a Big Deal, and Its $400 Billion Bailout So Unnerving (Fort.)
Interest Rate Business Model is Dead (Welt)
Discord At The Top Is Bad For The ECB (MW)
Boris Johnson Refuses To Rule Out Suspending Parliament Again (G.)
UK Labour Party Remains Split Over EU (CNBC)
The Odor of Desperation (Kunstler)
Why Is The Media Circling The Wagons To Protect Hunter Biden? (NYPost Ed.)
Democrats Were First To Enlist Ukraine In US Elections (Solomon)
Democrats Announce Tighter Criteria For Fifth Presidential Debate (R.)
Google Wins Landmark Right-To-Be-Forgotten Case In Europe (BBC)
US Government Moves To Block Alleged Drone Whistleblower’s Defense (SProof)

 

 

2 things:

1) the UK Supreme Court ruling on prorogation will come too late to include here.

2) I’m sorry that Greta Thunberg made me feel queasy yesterday. I know she means well, but it all came out very strangely in her speech. Could hardly bear to watch it. Who’s pushing her? To Davos first, and now the UN?

 

 

“..any counter-party in need of cash, and only holding collateral like Treasuries, agreed to pay the much higher going repo rates. That’s supply and demand..”

Why Repo Is Such a Big Deal, and Its $400 Billion Bailout So Unnerving (Fort.)

Repos (short for repurchase agreements) are short-term borrowing transactions, often made overnight. Think of them as trades of cash for some kind of collateral. In a repo transaction, the borrower will sell certain securities in their possession with the agreement to buy them back the next day. If the transaction is not rolled over, then the trade has to be settled the following day, with the borrower repurchasing the collateral from the lender for slightly more than it had previously sold it for, compensating the lender with interest for taking on the risk. Large corporations and banks typically hold vast quantities of highly liquid financial assets, and so they like using these markets as a means of quick and easy financing.

In fact, there are more than $1 trillion worth of overnight repo transactions collateralized with US government debt occurring every day. Banks frequently go to these markets to fund the loans they issue, and to finance the trades they execute. That’s when it’s working smoothly. The repo market seized up last week, with median repurchase rates skyrocketing from their usual band of 2.00-2.25% to 2.46% on Monday, and 5.25% on Tuesday. Keep in mind, that’s the median rate. Some repo rates were as high as 9%, more than quadruple the Federal Reserve’s own target rate, which usually puts a cap on how high Treasury repo rates could climb.

An unlucky confluence of events, including an exceptionally large demand for cash from U.S. companies that needed to pay their corporate tax bills, sucked a lot of the available cash out of the financial markets. What happened last week was any counter-party in need of cash, and only holding collateral like Treasuries, agreed to pay the much higher going repo rates. That’s supply and demand, plain and simple, and it mirrors what happened in certain repo markets in 2007 before the housing crash and the Great Recession that followed.

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This is from an article by Anne Kunz and Holger Zschäpitz for Die Welt. Mish ran a Google translate which he corrected later.

I must say, the impression is too strong that Deutsche Bank and Commerzbank are in trouble only because of Draghi. That is simply not true.

And banks are not the main victims of low rates, savers and pensioners are.

Interest Rate Business Model is Dead (Welt)

The cash cow bank lending model is dead, buried by the European Central Bank (ECB). The coup de grace came at the recent meeting. As ECB President Mario Draghi squeezed the negative interest rate for banks even deeper. The ECB will restart its bond purchase program in November. This time, without a time limit. Thus, the monetary authorities have permanently chained the long-term interest rate at a low level and cut the profit opportunities of the financial sector to a level that isn’t sustainable. For a long time, institutions have made good money from the difference between long-term and short-term interest rates.That time is now over.

In 2016, Commerzbank employed more than 50,000 people. CEO Martin Zielke wants to close one-fifth of the 1,000 branches and even wants to part with an important source of income including his Polish subsidiary MBank. The workforce should be reduced to around 38,000 by the end of 2020. The sale of Mbank is a desperate attempt at salvation. In terms of stock market value, Deutsche Bank and Commerzbank are now loosely hanged even by more regionally active institutions from Norway and Sweden. [That is a direct translation that reads wrong but I do not know how to fix it]. Even the once proud Landesbanken is a restructuring case. This is a dangerous development.

“With the allowance, the ECB has relieved the German banks in the short term by around 500 million euros. At the same time, banks will be burdened considerably by the continuation of the low interest rates for an indefinite period, “says Peter Barkow, financial expert at Barkow Consulting. “Especially the German banks are very much dependent on income from the long-term investment of customer deposits at higher interest rates, called maturity transformation. This strategy only works very limited, “warns the expert. [The allowance refers to the ECB not charging banks a portion of the negative interest on excess reserves]

However, the corresponding earnings impact on the banks will only be delayed. “Many German banks have to find new sources of income in the medium term. In the short term, a further reduction in costs will probably be necessary, “says Barkow. For more than a hundred years, banks lived on long-term lending or investing in securities their clients entrusted to them in the short term. Historically, banks made money out of time. If time no longer has a price, because there is no more interest, nothing can be earned. Ten-year Bunds yielded around 1.5 percentage points more than two-year issues in historical terms. Currently, the difference is just under 0.2 percentage points.

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Depends on Lagarde.

Discord At The Top Is Bad For The ECB (MW)

The ECB on September 12 launched a new round of monetary easing, arguing that the decline of inflation expectations in the eurozone, triggered by the current economic slowdown, is throwing further doubt on its ability to reach its official target of “below but close to 2%”. The central bank not only resumed its asset purchases while lowering its key interest rate to minus 0.5%: It also, for the first time, declined to set a date for the end of the program, indicating only that it would be phased out once inflation is “robustly” back on the 2% track. The decision came after a heated debate on the governing council, which includes the 19 central bankers from the monetary union’s member countries and the ECB’s six-strong executive board. Even traditional doves, such as the council’s two French members, argued against the resumption of the bond-buying program.

As soon as the decision was announced, the fiercest opponents to the package went public with their frustration. German central bank President Jens Weidmann told the newspaper Bild that the package was “unnecessary.” The day before, the same newspaper had accused Draghi, dubbed “Count Draghila,” of “sucking dry” the accounts of German savers. Austrian central bank head Robert Holzmann told Bloomberg the package “may have been a mistake.” And Klaas Knot, the Dutch central bank chief, added that the package was “disproportionate.” The loose monetary policies initiated by ECB President Mario Draghi in the summer of 2012, less than a year after he took office, were always reluctantly accepted by eurozone central’s most hawkish members, even when they occasionally voted for some of the measures — such as the first round of bond-buying, back in 2014.

But it is the first time that the relative confidentiality of the governing council’s deliberations has turned into such a public airing of dirty monetary laundry.

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“..Johnson also categorically ruled out any sort of deal with Nigel Farage’s Brexit party..”

Boris Johnson Refuses To Rule Out Suspending Parliament Again (G.)

Boris Johnson has refused to rule out suspending parliament again if the supreme court rules on Tuesday that he abused his powers as prime minister in doing so earlier this month. The British prime minister, who is in New York for a UN summit, also indicated he would not feel obliged to resign if the justices rule he misled the Queen in his reasons for suspending parliament. Asked if he felt a verdict going against him would make his position untenable, Johnson said: “No. I think the reasons for wanting a Queen’s speech are extremely good.” Speaking to reporters, Johnson also categorically ruled out any sort of deal with Nigel Farage’s Brexit party in the likely imminent election, saying the Conservatives would contest every seat.


The supreme court judgment, which could have a huge impact not just on Johnson’s future but also the wider ability of the courts to take a view in political decisions made by government, is due to be announced at 10.30am, following last week’s hearing. The panel of 11 judges were tasked with hearing appeals from two separate legal challenges to Johnson’s decision to prorogue parliament – the technical term for gaps in parliamentary sessions which do not involve dissolution before an election – for five weeks from 9 September.

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Corbyn’s attempts to not lose the Leave voters divide the party. Damned if you do…

UK Labour Party Remains Split Over EU (CNBC)

Britain’s main opposition party has narrowly voted to maintain a neutral stance on the country’s most divisive topic, Brexit, after chaotic scenes at the party’s conference Monday evening prompted fresh criticism from both internal party activists and senior political opponents. Much of the party’s ordinary membership are in favor of the U.K.’s continued membership in the European Union, but Labour chief Jeremy Corbyn has long remained publicly ambivalent on the subject in a bid to hold his party and its supporters together ahead of an expected national election. But those efforts were severely tested as the party’s ruling body put forward a series of proposals on Brexit, many of which had been crafted by dozens of the local Labour constituencies over the course of several days.


Corbyn’s team had insisted that the party remain agnostic for now on whether the U.K. should leave or remain in Europe, and demanded that a final decision be made at another future meeting; at an undetermined time and after a putative election victory. [..] Those Labour activists and party officials who are concerned about those departing voters, and who also advocate remaining in the EU, had put forward a separate proposal Monday. It would have forced the party to adopt a clear policy in favor of continued EU membership, but it was marginally defeated in a vote of raised hands that even the meeting’s chairwoman acknowledged had been hard to judge with total certainty.

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And every second headline says impeachment again. Am I the only one getting tired of that?

The Odor of Desperation (Kunstler)

The swamp abides. The latest news media dumpster fire over President Trump’s phone conversation with Ukrainian president Volodymyr Zelensky is a three-way ruse. Ruse 1: deflect attention from the main issue, which is Joe Biden’s trolling for payoffs on his missions to foreign lands as vice-president, first Ukraine, where son Hunter was gifted a board of director’s chair and $50K-a-month salary with Ukrainian gas company Burisma, and then a $1.5 billion “private equity investment” to Hunter Biden’s wealth management fund from the state-owned Bank of China. Ruse 2: to deflect attention from the damage soon to be inflicted on the Deep State by the forthcoming DOJ Inspector General’s report on FISA court abuses. Ruse 3. To set in motion yet another obstruction of justice trap for Mr. Trump on the basis of false charges.

This comes at the instigation of Intelligence Community Inspector General Michael Atkinson, who was formerly senior legal counsel to John Carlin head of the National Security Division of the Department of Justice, deeply implicated in the FISA court matters of 2016 under investigation by federal prosecutor John Durham. Mr. Atkinson cited a complaint by an unnamed whistleblower who claims to have heard from a source that the President offered a quid pro quo to Ukrainian President Zelensky for reopening the Burisma case. The “whistleblower” may be Mr. Atkinson himself. Of course, gaffe-prone Joe Biden spilled the beans on video earlier this year, when he bragged about shaking down Ukraine’s then-president Petro Poroshenko over a billion-dollar loan guarantee unless he fired the prosecutor investigating Burisma, which he did. Is there any ambiguity here?

The coordination between the news media and the Deep State is impressively blatant in this new gambit, with former acting FBI director Andrew McCabe (dismissed for cause in 2018), in his new position as a CNN “contributor” (while awaiting prosecution) teeing up a new “Trump collusion” narrative with The New York Times, WashPost, and NBC marching in step. In this new age of disinformation, narratives are the political weapon of choice in the campaign to harass and disable the winner of the 2016 election. The big play of RussiaGate failed, the play of “racism” is failing, so UkraineGate is next up.

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“Imagine the son was Eric Trump, and the politician Donald Trump. Would the media be dismissing it as nothing worth looking at, a “debunked” issue?”

Why Is The Media Circling The Wagons To Protect Hunter Biden? (NYPost Ed.)

A foreign natural gas company brings a top US politician’s son onto its board, even though he has no relevant expertise, for $50,000 a month. The politician travels to that country and demands the removal of a prosecutor who’s investigating the company. That prosecutor then gets axed, and the investigation shut down. Imagine the son was Eric Trump, and the politician Donald Trump. Would the media be dismissing it as nothing worth looking at, a “debunked” issue? Yes, Ukraine’s chief prosecutor declared in May that he’d seen no evidence of wrongdoing by Joe or Hunter Biden. Of course not: Again, the investigation got closed years ago.

Yet Yuriy Lutsenko also basically told Bloomberg News he didn’t want to see any such evidence: “I do not want Ukraine to again be the subject of US presidential elections.” And Volodymyr Zelensky took over as Ukraine’s new president after that Lutsenko interview — having won on a vow to end Ukraine’s endemic corruption. Was it really so strange that President Trump pushed the reformer to reopen the probe? No, Trump hasn’t bathed himself in glory with his ham-handed pressure on Ukraine. Then again, Joe Biden’s boasts about getting that prosecutor axed also look clumsy. Then there’s Lutsenko’s claim that the Obama administration handed him a “do not prosecute” list in mid-2016, even as it was pushing Ukraine for dirt on Paul Manafort, Trump’s campaign manager.

That evidence eventually helped send Manafort to prison. What might come of a full-on Hunter Biden probe?

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“..the pressure began at least as early as January 2016, when the Obama White House unexpectedly invited Ukraine’s top prosecutors to Washington..”

“..What wasn’t known at the time, Shokin told me recently, was that Ukrainian prosecutors were preparing a request to interview Hunter Biden about his activities and the monies he was receiving from Ukraine.”

Democrats Were First To Enlist Ukraine In US Elections (Solomon)

Earlier this month, during a bipartisan meeting in Kiev, Sen. Chris Murphy (D-Conn.) delivered a pointed message to Ukraine’s new president, Volodymyr Zelensky. While choosing his words carefully, Murphy made clear — by his own account — that Ukraine currently enjoyed bipartisan support for its U.S. aid but that could be jeopardized if the new president acquiesced to requests by President Trump’s lawyer, Rudy Giuliani, to investigate past corruption allegations involving Americans, including former Vice President Joe Biden’s family. Murphy boasted after the meeting that he told the new Ukrainian leader that U.S. aid was his country’s “most important asset” and it would be viewed as election-meddling and “disastrous for long-term U.S.-Ukraine relations” to bend to the wishes of Trump and Giuliani.

“I told Zelensky that he should not insert himself or his government into American politics. I cautioned him that complying with the demands of the President’s campaign representatives to investigate a political rival of the President would gravely damage the U.S.-Ukraine relationship. There are few things that Republicans and Democrats agree on in Washington these days, and support for Ukraine is one of them,” Murphy told me today, confirming what he told Ukraine’s leader. The implied message did not require an interpreter for Zelensky to understand: Investigate the Ukraine dealings of Joe Biden and his son, Hunter, and you jeopardize Democrats’ support for future U.S. aid to Kiev.

The Murphy anecdote is a powerful reminder that, since at least 2016, Democrats repeatedly have exerted pressure on Ukraine, a key U.S. ally for buffering Russia, to meddle in U.S. politics and elections. [..] As I have reported, the pressure began at least as early as January 2016, when the Obama White House unexpectedly invited Ukraine’s top prosecutors to Washington to discuss fighting corruption in the country. The meeting, promised as training, turned out to be more of a pretext for the Obama administration to pressure Ukraine’s prosecutors to drop an investigation into the Burisma Holdings gas company that employed Hunter Biden and to look for new evidence in a then-dormant criminal case against eventual Trump campaign chairman Paul Manafort, a GOP lobbyist.

[..] Biden threatened to withhold $1 billion in crucial U.S. aid to Kiev if Poroshenko did not fire the country’s chief prosecutor. Ukraine would have been bankrupted without the aid, so Poroshenko obliged on March 29, 2016, and fired Prosecutor General Viktor Shokin.At the time, Biden was aware that Shokin’s office was investigating Burisma, the firm employing Hunter Biden, after a December 2015 New York Times article. What wasn’t known at the time, Shokin told me recently, was that Ukrainian prosecutors were preparing a request to interview Hunter Biden about his activities and the monies he was receiving from Ukraine. If such an interview became public during the middle of the 2016 election, it could have had enormous negative implications for Democrats.

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Tulsi Gabbard is on the verge of making the October debate. They don’t want a repeat in November.

Democrats Announce Tighter Criteria For Fifth Presidential Debate (R.)

The Democratic National Committee on Monday announced new criteria for the fifth presidential debate in November, requiring candidates to meet one of two polling requirements and have 165,000 unique donors. Candidates must either receive 3 percent or more support in four national or early state polls or 5 percent or more support in two polls of the states that hold early presidential nominating contests: Iowa, New Hampshire, South Carolina or Nevada. They must show a minimum of 600 unique donors per state in at least 20 U.S. states, territories or the District of Columbia, the DNC said.


The new requirements promise to further cull the large Democratic field of 19 candidates seeking to challenge Republican President Donald Trump in the November 2020 election. Former Vice President Joe Biden has led most opinion polls so far, followed by U.S. Senators Elizabeth Warren and Bernie Sanders. The sprawling field has made it difficult for lesser-known candidates to register in the minds of Democratic voters, with several polling at 1 percent or less nationally. [..] Criteria for the September and October debates required donations from at least 130,000 people and support of at least 2% in four DNC-approved polls.

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Local bans on global networks?!

Google Wins Landmark Right-To-Be-Forgotten Case In Europe (BBC)

Europe’s top court has ruled that Google does not have to apply the right to be forgotten globally. It means that firm only needs to remove references to articles and other material from its search results in Europe – and not elsewhere – after receiving an appropriate request. The ruling stems from a dispute between Google and a French privacy regulator. In 2015, CNIL ordered the firm to globally remove links to pages containing damaging or false information about a person. The following year, Google introduced a geoblocking feature that prevents European users from being able to see delisted links. But it resisted censoring search results for people in other parts of the world.


And the firm challenged a 100,000 euro fine that CNIL had tried to impose. Google had argued that the obligation could be abused by authoritarian governments trying to cover up human rights abuses were it to be applied outside of Europe. The tech firm had been supported by Microsoft, Wikipedia’s owner the Wikimedia Foundation, the non-profit Reporters Committee for Freedom of the Press, and the UK freedom of expression campaign group Article 19, among others. ECJ adviser Maciej Szpunar had also concluded that the right to be forgotten be limited to Europe in a non-binding recommendation to the court earlier this year.

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An all-out attack on the Espionage Act.

US Government Moves To Block Alleged Drone Whistleblower’s Defense (SProof)

The United States government has moved to block Daniel Hale, a former U.S. Air Force language analyst, from presenting any evidence that he had “good motives” when he allegedly disclosed documents to a reporter that exposed a targeted assassination program involving armed drones. Yet, while the U.S. government hopes to ensure Hale cannot put on a whistleblower defense during his trial, Hale’s defense attorneys have directly challenged the constitutionality of the Espionage Act, arguing it violates the First Amendment. They also assert that the government is selectively and vindictively prosecuting Hale for his alleged act of dissent.

Hale was indicted on five counts on May 9. Three of the charges allege he violated the Espionage Act. One charge alleges he disclosed “communications intelligence” without authorization. The fifth charge alleges he stole “government property.” In October 2015, The Intercept published a “cache of secret documents detailing the inner workings of the U.S. military’s assassination program in Afghanistan, Yemen, and Somalia.” The media organization said the documents were provided by a whistleblower and offered “unprecedented glimpse into [President Barack] Obama’s drone wars.” They were called “The Drone Papers.” These are the documents that the government accuses Hale of disclosing without proper authorization to the public.

[..] There were only three prosecutions under the Espionage Act for the first 75 years that were “premised” on “leaks.” However, since 2009, there have been 18 prosecutions of media sources, according to Hale’s attorneys. President Barack Obama’s administration set the record for more leak prosecutions under the Espionage Act than all previous U.S. presidents combined, and the Obama Justice Department’s novel interpretations of the Espionage Act set the stage for President Donald Trump to launch a prosecution against Hale, as well as WikiLeaks founder Julian Assange, who is the first journalist to be charged with violating this particular law.

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