Jul 162020
 
 July 16, 2020  Posted by at 7:46 pm Finance Tagged with: , , , , , , , , , , , ,  8 Responses »


Utagawa Yoshitoshi Ariko weeps as her boat drifts in the moonlight 1886

 

 

Sometimes I think I can only do this work properly if I’m angry all the time 24/7. But I don’t want to be angry all the time; what kind of life is that? Still, there are days when I just can’t help it. The British intelligence services (please let find another word for that, so as to not insult actually smart people) came out with a couple anti-Putin press releases today, and there we go again.

We can only guess at what they want this time, whether it to keep the UK’s own “RussiaRussia Putin is Hitler” flame alive, or are they seeking to help their US counterparts to rise from the ashes of their fully discredited years-long Orange Man Bad narratives, but boy, is this nauseating. What’s even worse is that people eat it up like candy.

Guys, this is your own highly paid snoops lying to you -along with your government(s)- like there’s no tomorrow, and you’re just sitting there worrying about wearing a face mask next time you go to a store. Know what that makes you? Sheep. I know y’all still know what those look like, and how they behave. So what’s the attraction?

Here’s BIGLY revelation no. 1 per the BBC. Do note the “almost certain” in both pieces, they need an easy way out if the story doesn’t stick. It also means that obviously they’re not at all certain, they’re just making it up.

Russian Hackers Target COVID19 Vaccine Research

Russian hackers are targeting organisations trying to develop a coronavirus vaccine, a group of national security services has warned. The UK’s National Cyber Security Centre (NCSC) said the hackers “almost certainly” operated as “part of Russian intelligence services”. It said the group used malware to try and steal information relating to Covid-19 vaccine development. NCSC director of operations Paul Chichester said it was “despicable”. The hackers are part of a group called APT29, also known as “the Dukes” or “Cozy Bear”.

Some people will remember the name Cozy Bear from Robert Mueller’s failed $40 million “investigation”. Is that why the NCSC put it in? But to the point: Why would Russia hack the UK for vaccine info if and when the UK has no vaccine? Put it another way: what are the odds that UK “intelligence” is not at the same time trying to hack Russia for its own info? Think British scientists are smarter than Russian ones? How much money would you want to put on that?

Everyone is spying on everyone, always have, and today that may require some hacking skills. Big surprise. You leave your backdoor open, someone may try to have a look inside. Same for everyone. Not even the beginning of a newsworthy story; it happens all the time and everywhere. Next.

Next one is even flimsier. This one implies that since Jeremy Corbyn had some papers on the NHS in the last election, RussiaRussia gave them to him. And he’s an anti-semite too. So there. Can anyone explain why Russia would want to interfere in a UK election?

This seems to allege that Putin wanted to help Corbyn win. But is that for the same reason that he wanted to help Corbyn’s ideological twin Donald Trump win? Which we now know he didn’t? Or is it just that Putin the evil mastermind wants to confuse all parties? Given what I see and hear, he needn’t bother; they’re all already confused as can be.

 

UK Says Russia Sought To Interfere In 2019 Election

Dominic Raab’s statement is the first time ministers have admitted that the Kremlin has tried to distort the workings of British democracy – a practice the foreign secretary said was “completely unacceptable”. “On the basis of extensive analysis, the government has concluded that it is almost certain that Russian actors sought to interfere in the 2019 general election through the online amplification of illicitly acquired and leaked government documents,” Raab said in a written statement.

Next. Only days ago, there was this from Britain about a court case concerning the infamous novichok “attack” in Salisbury, in which first former Russian GRU agent Sergei Skripal and his daughter, and months later two other Brits, ostensibly came in contact with what was called the deadliest nerve agent in the world.

Neither Sergei Skripal nor his daughter Yulia have ever been seen again. There was a vague message from a niece, but that was it. But the story is alive and kicking. And can thus continue to be used. By the media-intelligence cartel.

 

Russian Agents May Have Deliberately Left Bottle Of Novichok In Salisbury

Russian agents may have deliberately discarded a bottle of the deadly nerve agent novichok, used in the assassination attempt of former spy Sergei Skripal, in Salisbury in a bid to undermine UK security, the High Court today heard. The claim was made during a legal challenge by the family of Dawn Sturgess, 44, who died in 2018 after coming into contact with novichok in a fake perfume bottle which her partner had found in a park. The family are embroiled in a High Court action in a bid to get ‘key questions’ asked at Ms Sturgess’ inquest.

[..] According to the Guardian, he also referenced then UK prime minister, Theresa May, in September 2018 in which she said: ‘This chemical weapons attack on our soil was part of a wider pattern of Russian behaviour that persistently seeks to undermine our security and that of our allies around the world.’

[..] ‘The use of novichok in Salisbury was the first aggressive use of a nerve agent in Europe since the Second World War,’ said Mr Mansfield in a written case summary. ‘It put hundreds of members of the British public at risk and killed Ms Sturgess. ‘The issue of who was responsible for it is a matter of almost unparalleled public concern. ‘There is no realistic prospect that the two suspects will face a criminal trial in the UK or that the Russian state will carry out a comprehensive investigation, and no public inquiry into these events has been established.

This is the pattern: it’s nothing to do with UK security. The pattern is that both the US and UK use their lack of control over Russia as an excuse and reason to blame Russia for anything they feel like. As five-year old kids would. Robert Mueller, the liar and coward, having failed to produce one shred of evidence against Trump, left two things alive in his final report: empty accusations against Assange, who was muzzled, and against “13 Russians”, who he knew would never contest whatever he said.

And when he was challenged because Concord Management decided to show up with a lawyer, he lost that too. The official line was: “It is no longer in the best interests of justice or the country’s national security” to continue. What a bunch of losers.

And we’re not done. Assange smearer no. 1 and hidden intelligence agent Luke Harding, who invented more smear stories about Julian than anyone on the planet, had this three weeks ago. I kid you not, his point was that Russian intelligence is really really stupid. To prove it, he paints a shining portrait of … US/UK intelligence operation Bellingcat.

This is mainly about the Skripal case again, but of course we also remember their role in the never ever existing chemical attack in Syria by Assad on his own people. Yes, the one where they, the OPCW was involved too, planted the canisters and shot some grueling staged photographs.

 

A Chain Of Stupidity’: The Skripal Case And The Decline Of Russia’s Spy Agencies

Bellingcat revealed the identity of poisoner No 1 in a message on its website. Having unmasked one assassin, it seemed likely that Bellingcat would succeed in identifying Petrov, too. Sure enough, in late September I received an invitation to a press conference. It was to be held in an illustrious location: the Houses of Parliament, in an upstairs committee room, number nine. Its subject was Petrov’s real identity. By the time I arrived, the room was full. I spotted a reporter from the New York Times, Ellen Barry, together with leading representatives from the British and US media. It was hard to escape the conclusion that power in journalism was shifting.


It was moving away from established print titles and towards open-source innovators. The new hero of journalism was no longer a grizzled investigator burning shoe leather, à la All the President’s Men, but a pasty-looking kid in front of a MacBook Air. Higgins and Grozev were there, as well as a Conservative MP, Bob Seely. I found a spot on a bench and sat down. The mood was expectant. Seely set the scene. He described Bellingcat as a “truly remarkable group of digital detectives”. Their success was due to an explosion of digital technology and a rise in digital activism, he said.

Here’s Canadian journalist Eva Bartlett about Bellingcat:

Bellingcat & Atlantic Council Join To Award Exploited Syrian Child & American Mass Murderer

Is the Atlantic Council some benevolent organization handing out awards to do-gooding people? No. It’s a Washington DC-based think tank, which promulgates lies and propaganda to further imperialist wars and weapons sales, among other things. One of its Syria “experts” is none other than Bellingcat’s Eliot Higgins, who recently took to social media to tell people to suck his “big balls,” making him more of a laughing stock than this backgrounder on the man with no qualifications to his title.


Some of the Atlantic Council’s funders include: the US State Department, oil and weapons manufacturing companies, banks, NATO, various nations’ ministries of defence, and the US Air Force, Army, Marine Corps and Navy. Even just based on funding alone, and ignoring their pro-NATO policy papers, the Atlantic Council clearly exists to further the interests of those involved in weapons manufacturing, wars, and oil.

Of course the entire lying fanfare is a direct result of the west failing to capture Crimea from Russia. They lost that one too; they sure lose a lot when engaging with Russia, don’t they? All they end up with is stories. John McCain and Victoria Nuland thought they had it all in their hands, and then it slipped right through.

And from Maidan and Crimea it’s just a skip and a hop to MH17, plus more -and heavy- Bellingcat involvement. This made the news again a week ago.

 

MH17 Disaster: Dutch Take Russia To European Rights Court

Citizens of 10 different countries died on board the Boeing 777 airliner that was flying from Amsterdam to Kuala Lumpur, Malaysia. More than two-thirds of the victims were Dutch nationals. In March, a trial opened in the Netherlands of three Russian and one Ukrainian citizens – still at large – for the murder of 298 people on board the plane. They are all linked to the pro-Moscow separatists. The trial, in a court near Amsterdam’s Schiphol airport, is expected to last for months.


In a statement, the Dutch foreign ministry said the government “decided to bring Russia before the European Court of Human Rights for its role in the downing of Flight MH17”. It said that “by taking this course of action the government is offering maximum support” to individual cases already brought against Russia by victims’ families. “Achieving justice for 298 victims of the downing of Flight MH17 is and will remain the government’s highest priority,” said Mr Blok. “By taking this step today… we are moving closer to this goal,” he added.

Now, I have some interest in this, because I was born in Holland and still have the passport. But from what I can see, this is just yet another western intelligence story. I don’t know what happened with MH17, but I’m pretty sure the Dutch government doesn’t know either, or if they do they’re not telling. And my skepticism isn’t even based on pieces like this from Eric Zuesse two weeks ago (but do read it!).

 

Netherlands ‘Justice’ Is Totally Corrupt: MH17 Case as Example

[..] when Ukraine’s Government authorized Holland’s Government to investigate and rule on what caused the MH17 to be shot down, Holland’s Government signed onto a secret agreement with Ukraine’s Government that included a provision allowing Ukraine’s Government to block and prevent any finding from being issued that would implicate Ukraine’s Government in having shot it down. Holland’s Government violates its own Freedom of Information law by refusing to make public what that secret agreement says.


However, at the time when the existence of the agreement slipped through into mention by a Ukrainian news-site on 8 August 2014, that news-report said “As part of the four-party agreement signed on August 8 between Ukraine, the Netherlands, Belgium and Australia [all of which nations are allies of the United States and are cooperating with its new Cold War against Russia], information on the investigation into the disaster Malaysian ‘Boeing-777’ will not be disclosed.”

My skepticism is kind of linked to this, but it’s much older. When the plane was brought down, I noted that then-US VP Joe Biden, as well as the Ukrainian government of newly (US-)installed president Poroshenko, and also Dutch foreign minister Frans Timmermans, who got a plush job in Brussels out of it, all three declared within hours that Russia “was what did it”.

None could know at the time they made the statement. But it was a few months after the west lost Crimea, and thereby the chance to rid Russia of its only warm water port. And some people didn’t like that one bit. Some people were very unhappy about being outsmarted by Putin. Nuland must have been livid. And Hillary Clinton, and McCain.

Then when the investigation started, something odd happened. 2/3 of all victims -298 in total- were from the Netherlands. Yet the Dutch got to lead the inquest. As I wrote at the time: have you ever seen a crime series, or a murder one, or a movie, where the main victim (afflicted party) gets to lead the investigation into what happened? No, what we always see is someone taking the aggrieved detective aside saying: sorry, you’re too close to this.

And then on top of that, Ukraine, certainly one of the main suspects, since it happened in their territory, got to be part of the investigation. And not just part, as you can see in Zuesse’s piece, they could veto both what would be investigated and what could be communicated about the results. While they could well be the perpetrator!

If you go back to the murder series metaphor, a producer or writer would say: no can do, it lacks all credibility. But they did it. And it was then that I knew no matter what the report would say, it would be literally incredible. It’s 6 years later, and it’s going to take many more years, of posturing, name-calling, threats, accusations, you name it. And nothing will be proven, there will be only claims of proof. Just like in all the other cases I mentioned above. It’s how these things are done.

MH17 has become just another tool in the hands of “intelligence”.

 

 

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


Dorothea Lange Arkansas flood refugee family near Memphis, Texas 1937

 

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

 

 

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

 

 

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

 

 

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

 

 

 

 

 

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

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

 

 

But how about now?

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

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

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

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

Read more …

Makes me think of playing Monopoly.

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

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

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

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

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

Read more …

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

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

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

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

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

Read more …

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

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

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

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

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

Read more …

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

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

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

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

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

Read more …

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

Siberia Is On Fire And Off The Charts (Canary)

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

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

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

Read more …

Very scary people, the lot of them.

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

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


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

Read more …

 

 

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Jun 022020
 
 June 2, 2020  Posted by at 11:19 am Finance Tagged with: , , , , , , , , , ,  21 Responses »


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

 

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

 

 

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

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

 

 

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

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

 

 

 

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

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

 

 

 

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

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

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

 

 

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

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

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

China Delayed Releasing Coronavirus Info, Frustrating WHO (AP)

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

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

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

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

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

Read more …

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

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

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


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

Read more …

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

Why Europe is Irrelevant to Challenging China (Balding)

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

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

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

Read more …

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

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

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

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

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

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

That Change You Requested…? (Jim Kunstler)

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

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

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

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

Read more …

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

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

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

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

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

Read more …

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

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

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

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

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

Read more …

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

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

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

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

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

Read more …

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

Julian Assange Too Unwell To Attend Court Hearing (CW)

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

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

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

Read more …

 

 

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


 

 

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Dec 182019
 
 December 18, 2019  Posted by at 10:09 am Finance Tagged with: , , , , , , , , , ,  11 Responses »


NPC Skating night, Washington DC 1919

 

White House Counsel Didn’t Take Lead On Trump Letter To Pelosi (Hill)
Donald Trump’s Letter To Nancy Pelosi (ZH)
Pelosi Calls Trump Impeachment Letter ‘Ridiculous’ And ‘Really Sick’ (Hill)
The Bee Explains: Impeachment (Babylon Bee)
FISA Court Slams FBI, Says Worried About ‘Other Warrants’ (ZH)
McConnell Wants Quick Impeachment Dismissal Vote: ‘We’ve Heard Enough’ (WE)
Lisa Page Responds To ‘Vile’ Trump Attacks (Hill) /span>
Latvian Government Flagged ‘Suspicious’ Hunter Biden Payments In 2016 (Solomon)
House Approves $1.4 Trillion Spending Deal To Avert Shutdown (R.)
Germany’s Spiegel Brushes Off Browder’s Complaint About Magnitsky Story (RT)
Newsweek Trusts Bellingcat More Than Reuters – Journalist Who Quit (RT)
UK Goverment Plans To Ban Boycotting Israel (MPN)

 

 

On the day the House is supposed to hold its impeachment vote, it’s inevitable much of the news is about just that, especially after a 6-page letter from Trump to Pelosi was published on Tuesday. First, the involvement of White House counsel leads to some confusion.

White House Counsel Didn’t Take Lead On Trump Letter To Pelosi (Hill)

White House lawyers did not take the lead on President Trump’s scathing letter to Speaker Nancy Pelosi (D-Calif.) on Tuesday in which he accused Democrats of “interfering in America’s elections” with their impeachment efforts, according to multiple reports. The New York Times reported that the process for the letter was led by Eric Ueland, the director of the Office of Legislative Affairs, who was joined by policy adviser Stephen Miller and Michael Williams, an adviser to acting chief of staff Mick Mulvaney.


White House counsel Pat Cipollone wasn’t involved in drafting the letter, the Times reported, while Bloomberg’s Jennifer Jacobs tweeted Tuesday night that Cipollone was “aware” of the letter “from beginning.” An official told CNN that the White House counsel’s office had reviewed the letter but didn’t take the lead on it. ABC News’s Katherine Faulders also tweeted that the counsel’s office put forth edits to the missive, while ABC’s Jonathan Karl reported that White House lawyers were largely cut out of the process.

Read more …

The letter itself: I picked a part where Trump talks about all the calls for impeachment from day one of his presidency, way before the reason the Dems give for the impeachment, the call with Zelensky, ever took place. But do read the whole thing, please.

Donald Trump’s Letter To Nancy Pelosi (ZH)

Dear Madam Speaker: I write to express my strongest and most powerful protest against the partisan impeachment crusade being pursued by the Democrats in the House of Representatives. This impeachment represents an unprecedented and unconstitutional abuse of power by Democrat Lawmakers, unequaled in nearly two and a half centuries of American legislative history. The Articles of Impeachment introduced by the House Judiciary Committee are not recognizable under any standard of Constitutional theory, interpretation, or jurisprudence. They include no crimes, no misdemeanors, and no offenses whatsoever. You have cheapened the importance of the very ugly word, impeachment!

[..] Speaker Pelosi, you admitted just last week at a public forum that your party’s impeachment effort has been going on for “two and a half years,” long before you ever heard about a phone call with Ukraine. Nineteen minutes after I took the oath of office, the Washington Post published a story headlined, “The Campaign to Impeach President Trump Has Begun.” Less than three months after my inauguration, Representative Maxine Waters stated, “I’m going to fight every day until he’s impeached.” House Democrats introduced the first impeachment resolution against me within months of my inauguration, for what will be regarded as one of our country’s best decisions, the firing of James Comey (see Inspector General Reports)—who the world now knows is one of the dirtiest cops our Nation has ever seen.

A ranting and raving Congresswoman, Rashida Tlaib, declared just hours after she was sworn into office, “We’re gonna go in there and we’re gonna impeach the motherf’***r.” Representative Al Green said in May, -I’m concerned that if we don’t impeach this president, he will get re-elected.” Again, you and your allies said, and did, all of these things long before you ever heard of President Zelensky or anything related to Ukraine. As you know very well, this impeachment drive has nothing to do with Ukraine, or the totally appropriate conversation I had with its new president. It only has to do with your attempt to undo the election of 2016 and steal the election of 2020!

Congressman Adam Schiff cheated and lied all the way up to the present day, even going so far as to fraudulently make up, out of thin air, my conversation with President Zelensky of Ukraine and read this fantasy language to Congress as though it were said by me. His shameless lies and deceptions, dating all the way back to the Russia Hoax, is one of the main reasons we are here today.

Read more …

Really sick? Why would she say something like that? To imitate Trump?

Pelosi Calls Trump Impeachment Letter ‘Ridiculous’ And ‘Really Sick’ (Hill)

Speaker Nancy Pelosi (D-Calif.) on Tuesday derided President Trump’s scathing letter urging her to halt the impeachment proceedings as “ridiculous” and “really sick.” Pelosi told reporters on Capitol Hill that she had not gotten the opportunity to read the full letter, which accused Democrats of waging an “unconstitutional abuse of power” by moving forward with an impeachment vote over Trump’s dealings with Ukraine. “I’ve seen the essence of it, though, and it’s really sick,” Pelosi said as she walked through the halls of Congress. The Democratic-controlled House is prepared to vote on Wednesday on two articles of impeachment charging Trump with abuse of power and obstruction of Congress. Nearly every Democratic lawmaker is expected to vote in favor of the impeachment articles, which are based on an inquiry largely focused on allegations that Trump urged the Ukrainian president to open politically beneficial investigations.


In anticipation of the vote, Trump sent a six-page letter to Pelosi imploring her and her Democratic colleagues to “immediately cease this impeachment fantasy.” The expansive letter attempts to turn the tables on Democrats, accusing the party’s lawmakers of engaging in the type of conduct they have alleged of Trump. Echoing language he’s used before, Trump called Democrats’ efforts “nothing more than an illegal, partisan attempted coup.” “You are not just after me, as President, you are after the entire Republican Party,” Trump wrote. “You are the ones interfering in America’s election. You are the ones subverting America’s Democracy. You are the ones Obstructing Justice,” he added. “You are the ones bringing pain and suffering to our Republic for your own selfish personal, political, and partisan gain.”

Read more …

Good stuff from the Bee: “Democrats don’t get the big prize, but they each get a complimentary copy of Impeachment: The Board Game.”

The Bee Explains: Impeachment (Babylon Bee)

What is impeachment? It’s the official, constitutional method for screaming at the sky because Trump is president.

Why is Trump being impeached? Trump has committed some very serious offenses, from not being a Democrat to being a Republican. He also won the 2016 election, which rises to the level of high crimes and misdemeanors. He also restored the celebration of Christmas after eight years of winter with no Christmas under Obama. This drove Dems up a wall so they drummed up some charges against him.

Why didn’t Democrats include any criminal offenses in the articles of impeachment? There were just so many of them, it was hard to pick one. So, instead of laying out actually impeachable offenses, the Democrats summarized it all with two main articles of impeachment: 1.) Trump is president. 2.) TRUMP IS PRESIDENT.

What does it take to remove the president from office? Faith, trust, and pixie dust.

Will Trump be removed from office? Lol.

If we believe in ourselves and try hard, and Trump is removed, Hillary Clinton becomes president, right? Actually, Mike Pence would become president, basically making the United States into a Handmaid’s Tale-style dystopia.

What happens if Trump is impeached in the House but acquitted in the Senate? Democrats don’t get the big prize, but they each get a complimentary copy of Impeachment: The Board Game.

Once the House votes to officially impeach President Trump, what happens next? Trump wins the 2020 election.

Read more …

They feel (ab)used.

FISA Court Slams FBI, Says Worried About ‘Other Warrants’ (ZH)

The Foreign Intelligence Surveillance Act (FISA) court slammed the FBI on Tuesday in a rare public statement over the agency’s handling of former Trump campaign aide Carter Page’s warrant application and subsequent renewals, according to the Wall Street Journal. “In order to appreciate the seriousness of that misconduct and its implications, it is useful to understand certain procedural and substantive requirements that apply to the government’s conduct of electronic surveillance for foreign intelligence purposes,” reads the statement.


The punchline: “The FBI’s handling of the Carter Page applications, as portrayed in the OIG report, was antithetical to the hieghtned duty of candor” required by federal investigators, adding “The frequency with which representations made by FBI personnel turned out to be unsupported or contradicted by information in their possession, and with which they withheld information detrimental to their case, calls into question whether information contained in other FBI applications is reliable,” wrote the court, which called the recent watchdog report from the DOJ’s Inspector General “troubling.” The court ordered the government, by January 10, 2020, to explain what steps it’s was taking to prevent such lapses in the future.

Read more …

Stop the circus? But the GOP can call a hundred witnesses.

McConnell Wants Quick Impeachment Dismissal Vote: ‘We’ve Heard Enough’ (WE)

Senate Majority Leader Mitch McConnell said Tuesday he believes the Senate should vote quickly to dismiss two impeachment charges against President Trump and avoid “an embarrassing scene” in the chamber. McConnell, a Kentucky Republican, told Fox News Radio he did not support “a show trial” and believes the Senate “ought to vote and move on” after Democrats present their case and the president’s lawyers respond. The Senate will have to make a decision after hearing the opening arguments from both sides, he said.


“Have we learned enough after listening to all of this to go on and vote on the two very weak articles of impeachment?” McConnell said. “Or do we have a show trial in which both sides try to embarrass the other and put on an embarrassing scene, frankly, for the American people? Obviously, I think we’ve heard enough.” The Senate is poised to take up two impeachment articles in January. Democrats want to subpoena several current and former Trump administration officials, but McConnell rejected their proposal. Democrats oppose GOP witness proposals.

Read more …

Lisa Page as the victim feels strange. Her anti-Trump mails are public. So, yeah, go on Maddow.

Lisa Page Responds To ‘Vile’ Trump Attacks (Hill) /span>

Former FBI lawyer Lisa Page spoke out late Tuesday about how she has been treated, including by President Trump, since her texts with former agent Peter Strzok became public, saying she realized that “being quiet isn’t making this go away.” Page spoke with MSNBC’s Rachel Maddow about a week after the Justice Department’s inspector general released the findings of its probe into the bureau’s handling of its investigation into Trump campaign associates in 2016. The long-awaited report sharply criticized the FBI over its handling of applications to surveil a former Trump campaign adviser, but undercut a GOP talking point in finding that the probe was not motivated by political bias.


Page called the inspector general’s findings “two years too late.” “It won’t make a difference and it’s two years too late,” she said on MSNBC. “[Investigators] realized what I’ve known from the beginning which is that my personal views had no impact on the course of either investigation” “Two days later, you see Lindsey Graham in the Senate spend 40 minutes reading text messages again,” she added. “These are three years old. They’ve been described as immaterial ultimately by the inspector general and yet we’re still talking about them.”

Read more …

Ukraine is often labeled one of the three most corrupt nations in the world. Do realize what it takes to reach that spot.

Latvian Government Flagged ‘Suspicious’ Hunter Biden Payments In 2016 (Solomon)

As the U.S. presidential race began roaring to life in 2016, authorities in the former Soviet republic of Latvia flagged a series of “ suspicious” financial transactions to Hunter Biden and other colleagues at a Ukrainian natural gas company and sought Kiev’s help investigating, according to documents and interviews. The Feb. 18, 2016 alert to Ukraine came from the Latvian prosecutorial agency responsible for investigating money laundering, and it specifically questioned whether Vice President Joe Biden’s younger son and three other officials at Burisma Holdings were the potential beneficiaries of suspect funds.

“The Office for Prevention of Laundering of Proceeds Derived from Criminal Activity … is currently investigating suspicious activity of Burisma Holdings Limited,” the Latvian agency also known as the FIU wrote Ukraine’s financial authorities. The memo was released to me by the Ukrainian General Prosecutor’s Office and confirmed by the Latvian embassy to the United States. Latvian authorities said they did not get any incriminating information back from Ukraine to warrant further investigation and did not take additional action in 2016. But the memo adds to the mounting evidence that there was ongoing investigative activity surrounding Burisma Holdings and Hunter Biden’s compensation as a board member in the weeks just before Joe Biden forced the firing of the Ukraine prosecutor overseeing the Burisma investigation in spring 2016.

The Latvian law enforcement memo identified a series of loan payments totaling about $16.6 million that were routed from companies in Beliz and the United Kingdom to Burisma through Ukraine’s PrivatBank between 2012 and 2015. The flagged funds were “partially transferred” to Hunter Biden, a board member at Burisma since May 2014, and three other officials working for the Ukrainian natural gas company, the Latvian memo said. Arturs Saburovs, the Third Secretary at the Latvian embassy in Washington, confirmed his country flagged the transactions in February 2016 after seeing public reports that Burisma was under investigation in Ukraine and that Hunter Biden served on the company’s board. He said Latvia did not receive any evidence back from Ukraine to further its investigation.

[..] On Feb. 2, 2016, the Ukraine prosecutor general’s office secured a court order to re-seize the assets of Burisma Holdings founder Mykola Zlochevsky. Officers went to the home, placed seizure notices and took items from the home that included a luxury car, officials said. About two weeks later, the Latvian suspicious financial transactions memo was transmitted to Ukrainian authorities. And then in late February, according to U.S. documents recently released under the Freedom of Information Act, Burisma’s American representatives pressed the U.S. State Department to try to help end the corruption allegations against the company. By mid-March 2016, State’s top official for Ukraine policy publicly called for Shokin’s ouster, and less than three weeks later Joe Biden managed to force Ukraine’s president to fire Shokin by threatening to withhold $1 billion in U.S. loan guarantees.

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“Trump’s “Space Force,” the first new branch of the U.S. military to be created in more than 60 years.”

House Approves $1.4 Trillion Spending Deal To Avert Shutdown (R.)

The U.S. House of Representatives on Tuesday approved a $1.4 trillion spending package to avert a partial government shutdown that also would raise the U.S. tobacco purchasing age to 21 and permanently repeal several of the Affordable Care Act’s (ACA) taxes. The spending package now heads to the Senate, where lawmakers aim to approve it before current government funding runs out on Saturday, avoiding the type of messy budget battle that resulted in a record 35-day interruption of government services late last year and early this year. The legislation, worked out between leading lawmakers and the Trump administration, denies President Donald Trump the full $5 billion he requested to help build his signature wall along the U.S.-Mexico border, keeping funding static at $1.37 billion for border barriers.


White House spokeswoman Kellyanne Conway said Trump is nevertheless expected to sign the $1.4 trillion bill this week. “He’s very happy with what he’s learned the final contents are expected to be,” Conway told reporters at the White House. The crackdown on youth smoking, by changing the minimum age for cigarettes, vaping devices and other tobacco purchases to 21 from the current 18, would give the U.S. Food and Drug Administration six months to develop regulations. The agency would then have three years to work with states on implementing the change. The largest expenditure in the bill is for the Department of Defense, which would get a total of $738 billion for this year, $22 billion more than last year. As part of that defense package, the Senate on Tuesday authorized the creation of Trump’s “Space Force,” the first new branch of the U.S. military to be created in more than 60 years.

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So much hangs on the Magnitsky narrative, you’re not supposed to criticize it.

Germany’s Spiegel Brushes Off Browder’s Complaint About Magnitsky Story (RT)

British investor Bill Browder has lashed out at Der Spiegel weekly by accusing it of distorting the story of the death of his auditor Sergey Magnitsky. The outlet maintains it is Browder who has some questions to answer. Der Spiegel published an investigative bombshell last month, detailing various flaws in the story about Magnitsky’s death that Browder – a US-born investor who became Russian President Vladimir Putin’s self-proclaimed “enemy number one” – used to convince Western governments to impose sanctions against Russian officials over supposedly endemic human rights violations. In his narrative, Browder portrayed the late auditor as a courageous whistleblower, who was heinously and deliberately killed by the Russian authorities in a bid to silence him.

Following a rigorous analysis of a trove of documents linked to the auditor’s death in 2009, including some materials published by Browder’s own people, Der Spiegel’s Benjamin Bidder concluded that significant parts of this story were not actually true. Magnitsky has never been a whistleblower, and he was not a victim of murder, although he did suffer “terrible injustice,” the reporter concluded. He went on to say that Western governments, including those in Washington, Ottawa and London, apparently fell for a “convenient” narrative perpetuated by the man he described as a “fraudster.” What followed was a swift – and angry – reaction from the investor, who made a name for himself in the West through spreading this story and relentlessly lobbying for sanctions against Russia.

Der Spiegel has confirmed that the apparently infuriated investor “has now gone public with his complaints about the Spiegel story in the form of a letter to the news magazine’s editor-in-chief.” Browder did not stop at that and promptly filed a complaint with the German Press Council – a monitoring organization formed by major German publishers and journalistic associations.[..] Yet, Der Spiegel, one of Germany’s major news media outlets, is refusing to be intimidated. In a lengthy piece dealing with the incident, it brushed off the investor’s complaints as having “no basis.”

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Bellingcat: February 2020, MH17.

Newsweek Trusts Bellingcat More Than Reuters – Journalist Who Quit (RT)

Blind trust in controversial ‘citizen investigation’ outlet Bellingcat prompted Newsweek editors to drop a report on the latest OPCW leaks, the author of the piece who resigned from the magazine after the incident told RT. Tareq Haddad announced his resignation from Newsweek last week, accusing the magazine of “suppressing” his attempt to report on a leaked email casting doubts on the results of the Organization for the Prohibition of Chemical Weapons (OPCW) investigation into an April 2018 chemical attack in Douma, Syria, which allegedly killed dozens of civilians. The OPCW sent a fact-finding mission to the site, which pinned the blame for the attack on Damascus.

While witnesses who later spoke in the Hague said the White Helmets’ video of the attack was staged. Haddad also issued a scathing rebuke to the Newsweek – and Western journalism in general – by accusing it of siding with the American warmongers to promote the US wars and obscure the truth. Now he also revealed to RT that it was the editorial board’s quite peculiar pick of trustworthy sources that gave a rise to the whole issue in the first place. Haddad first approached his editors with an OPCW leaks story pitch, citing an opinion piece by Peter Hitchens in The Mail on Sunday. “The fact that another British journalist has published it in a reputable publication, I thought, was more than enough for Newsweek to be able to do that,” he told RT.

The editors simply discarded this idea by calling Hitchens – a man Haddad describes as an “accomplished journalist [working] for more than 12 years” – not trustworthy enough. Instead, they referred him to a Bellingcat article supposedly debunking the whole leak story.

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“..an executive order signed by President Trump that reclassifies Judaism as a race and nationality as opposed to a religion..”

I don’t think you can “Declare” a new race by executive order, just because it’s politically convenient. You leave that to science.

UK Goverment Plans To Ban Boycotting Israel (MPN)

Following the results of the recent UK election, the victorious Conservative party has now declared their intention to make it illegal for public institutions in the country to support non-violent boycotts of the state of Israel in any capacity. On Sunday, the UK Special Envoy for post-Holocaust matters, Lord Eric Pickles, gave a speech in Jerusalem at the International Institute for Strategic Dialogue conference, where he made the Conservatives’ motives clear. Pickles, whose speech garnered “rapturous applause” from conference attendees, stated that the public sector would soon be banned from associating in any way with the Boycott Divest Sanctions (BDS) movement, which uses non-violent means to pressure Israel to follow international law with regards to its military occupation of Palestine and blockade of the Gaza Strip.

The coming ban, as described by Pickles, is set to prohibit government bodies and organizations from supporting BDS in any fashion, which would also prevent them from employing or working with anyone who supports boycotting the Israeli state. Pickles went on to say the reason for the ban is that BDS itself is anti-Semitic (despite BDS having numerous Jewish supporters), stating: “BDS is anti-Semitic, and should be treated as such. Anti-Semitism is an attack on the British way of life and British identity. Without our Jewish citizens, we would be a lesser nation.” Notably, Pickles is also the parliamentary chairman of the U.K. pro-Israel lobby group, Conservative Friends of Israel.

Pickles also made it clear that he conflates Judaism with Zionism, a move that was recently made law in the United States through an executive order signed by President Trump that reclassifies Judaism as a race and nationality as opposed to a religion. Regarding his personal support for Israel, Pickles did not mention Judaism at all, instead championing Zionism and Israel’s ability to “defend its borders.” He referred to himself as “an unapologetic, unreformed Zionist,” before adding that “Israel exists because it can defend its borders, and its people. It is the only place in this region in which governments are elected. It is a civilized, decent place and I’m very proud it exists.” Pickles has previously called Israel a “bastion of democracy.” Labour Party leader Jeremy Corbyn, a long-time activist for Palestinian rights, had been targeted by a massive and relentless smear campaign in the UK, Israel and U.S. media as anti-Semitic for his criticisms of Israel’s government. Pickles’ speech alluded to this effort by asserting that the recent election was essentially a national referendum on anti-Semitism.

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Dec 152019
 


Theodor Horydczak U.S. Supreme Court interiors, Washington DC 1931

 

 

China Suspends Planned Tariffs Scheduled For Dec. 15 On Some US Goods (R.)
Unpacking The No Deal Not a Trade War Trade War Deal (Balding)
Giant China SEO Announces Largest Dollar Bond Default In Two Decades (ZH)
IG Report Reveals Scandal of Historic Magnitude for the FBI and US Media (GG)
The Bloated Pentagon Budget Should Be Spent on Human Needs (Nation)
The Art of Doublespeak: Bellingcat and Mind Control (Curtin)
WikiLeaks: 20 OPCW Inspectors Dissent From Syria Chemical Attack Narrative (ZH)
Hunter Biden Drugs Charge Kept Under Wraps As Joe Led Drug War From Senate (WE)
One-Third Of Credit Card Debt Is Caused By Medical Expenses (CNBC)
Edward Snowden Speaks Out for Julian Assange and Chelsea Manning (RPI)
Assange Lawyer Discloses Conditions For British Justice TO RETHINK His Extradition (RT)
A Million Times More Microplastic In The Oceans Than We Thought (Wef)

 

 

There is one issue underlying all the talks at this point: China is running out of dollars.

China Suspends Planned Tariffs Scheduled For Dec. 15 On Some US Goods (R.)

China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council’s customs tariff commission said on Sunday, after the world’s two largest economies agreed a “phase one” trade deal on Friday. The deal, rumors and leaks over which have gyrated world markets for months, reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods. China’s retaliatory tariffs, which were due to take effect on Dec. 15, were meant to target goods ranging from corn and wheat to U.S. made vehicles and auto parts.


Other Chinese tariffs that had already been implemented on U.S. goods would be left in place, the commission said in a statement issued on the websites of government departments including China’s finance ministry. “China hopes, on the basis of equality and mutual respect, to work with the United States, to properly resolve each other’s core concerns and promote the stable development of U.S.-China economic and trade relations,” it added. Beijing has agreed to import at least $200 billion in additional U.S. goods and services over the next two years on top of the amount it purchased in 2017, the top U.S. trade negotiator said Friday.

Read more …

Christopher Balding taught in China for a long time; he knows the country. This is his lenghty analysis of the trade deal.

Unpacking The No Deal Not a Trade War Trade War Deal (Balding)

Having been subjected to such a barrage of horrendous trade war analysis that seems more like literary therapy for the politically frustrated than actual deal analysis, I have opted to write my own analysis of the deal. I will as studiously as possible try to avoid or limit any political opinionating, and stick strictly to the analyzing the deal points within the USTR Fact Sheet and providing what are the likely trade offs, risks, and perspective about each points. Let’s get started.

This deal is about a lot more than agriculture.I’m leading with this one only because it is arguably the most common myth and repeated like the 10 Ten Commandments and divine truth even though it is clearly false on numerous levels. The USTR specifically lists IP protection, tech transfer, agriculture, financial services, currency, expanding trade, and dispute resolution as the major areas. One report in the news quoted a source as saying there were 9 chapters which would come close to matching these general areas. Even within the broader trade purchase aspect, agriculture is not even the main area. Let us please kill once and for all, this deal is just about agriculture.

Intellectual Property and Technology Transfer The two paragraphs on IP and tech transfer in the USTR statement provide scant detail but use relatively ambitious language with regards to Chinese commitments. In IP, China will “address long standing concerns”. In tech transfer, the language is even more ambitious saying China “agreed to end its long-standing practice of forcing or pressuring foreign companies to transfer their technology to Chinese companies as a condition for obtaining market access, administrative approvals, or receiving advantages from the government” and “commits to provide transparency, fairness, and due process in administrative proceedings and to have technology transfer and licensing take place on market terms” and “commits to refrain from directing or supporting outbound investments aimed at acquiring foreign technology pursuant to industrial plans that create distortion.”

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Borrowed in dollars, can’t pay back in dollars.

Giant China SEO Announces Largest Dollar Bond Default In Two Decades (ZH)

Two weeks ago we previewed what we said would soon be a D-Day for China’s bond market, as a massive commodities trader and Global 500 state-owned enterprise was set for an “unprecedented” bond default. As of last week, this historic default is now in the history books after Tewoo, the closely watched Chinese commodities trader, became the biggest dollar bond defaulter among the nation’s state-owned companies in two decades, in what Bloomberg called a “moment of reckoning” for Beijing as China struggles to contain credit risk in a weakening economy, as bond defaults hit an all time high and are set to keep rising in the coming years.

Last Wednesday, Tewoo Group announced results of its “unprecedented” debt restructuring, which saw a majority of its investors accepting heavy losses, and which according to rating agencies qualifies as an event of default. As a result of the default, until recently seen as virtually impossible for a state-owned company, investors’ perceptions are undergoing a dramatic U-turn about government-owned borrowers whose state-ownership had for years offered an ironclad sense of security. No more: The fact that a state-owned enterprise such as Tewoo has now defaulted on repaying its dollar bonds in full, confirms that Beijing will no longer bail out troubled SOEs, let alone private firms, perhaps due to the strains imposed by the economy which while growing at just below 6%, is slowing the most in three decades.

It also raises concerns over the Chinese province of Tianjin, where Tewoo is based, following a series of rating downgrades and financing difficulties suffered by some of the city’s state-run firms. The metropolis near Beijing also has the highest ratio of local government financing vehicle bonds to GDP in China. As a reminder, Tewoo ranked 132 in 2018’s Fortune Global 500 list, higher than many other conglomerates including service carrier China Telecommunications Corp. and financial titan Citic Group Corp. It had an annual revenue of $66.6 billion, profits of about $122 million, assets worth $38.3 billion, and more than 17,000 employees as of 2017, according to Fortune’s website.

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Glenn Greenwald has dug deep.

IG Report Reveals Scandal of Historic Magnitude for the FBI and US Media (GG)

Just as was true when the Mueller investigation closed without a single American being charged with criminally conspiring with Russia over the 2016 election, Wednesday’s issuance of the long-waited report from the Department of Justice’s Inspector General reveals that years of major claims and narratives from the U.S. media were utter frauds. Before evaluating the media component of this scandal, the FBI’s gross abuse of its power – its serial deceit – is so grave and manifest that it requires little effort to demonstrate it. In sum, the IG Report documents multiple instances in which the FBI – in order to convince a FISA court to allow it spy on former Trump campaign operative Carter Page during the 2016 election – manipulated documents, concealed crucial exonerating evidence, and touted what it knew were unreliable if not outright false claims.

If you don’t consider FBI lying, concealment of evidence, and manipulation of documents in order to spy on a U.S. citizen in the middle of a presidential campaign to be a major scandal, what is? [..] They are out-of-control, virtually unlimited police state factions that lie, abuse their spying and law enforcement powers, and subvert democracy and civic and political freedoms as a matter of course. In this case, no rational person should allow standard partisan bickering to distort or hide this severe FBI corruption. The IG Report leaves no doubt about it.

[..] It’s long been the case that CIA, FBI and NSA operatives tried to infiltrate and shape domestic news, but they at least had the decency to do it clandestinely. In 2008, the New York Times’ David Barstow won the Pulitzer Prize for exposing a secret Pentagon program in which retired Generals and other security state agents would get hired as commentators and analysts and then – unbeknownst to their networks – coordinate their messaging to ensure that domestic news was being shaped by the propaganda of the military and intelligence communities.

But now it’s all out in the open. It’s virtually impossible to turn on MSNBC or CNN without being bombarded with former Generals, CIA operatives, FBI agents and NSA officials who now work for those networks as commentators and, increasingly, as reporters. [..] The past three years of “Russiagate” reporting – for which U.S. journalists have lavished themselves with Pulitzers and other prizes despite a multitude of embarrassing and dangerous errors about the Grave Russian Threat – has relied almost exclusively on anonymous, uncorroborated claims from Deep State operatives (and yes, that’s a term that fully applies to the U.S.). The few exceptions are when these networks feature former high-level security state operatives on camera to spread their false propaganda,

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Tulsi to the rescue.

The Bloated Pentagon Budget Should Be Spent on Human Needs (Nation)

Even as our nation fails to allocate adequate resources to feed the hungry, house the homeless, care for the sick and protect our planet, the coffers of war profiteers continue to grow. This is why we joined with 102 faith leaders and groups to call upon those who are vying to become our next president to embrace significant reallocations away from the bloated Pentagon budget toward major reinvestments in the needs of our communities. The Pentagon is on track to receive $738 billion next year, despite its inability to account for the money it already has. This includes taxpayer dollars that are redirected to corporate war profiteers, such as a staggering $34 billion contract announced in October for Lockheed Martin’s costly and fault-plagued F-35 fighter jet.

Congress has increased the Pentagon’s budget by $20 billion compared to last year. To put this in perspective, that’s double the amount of the Environmental Protection Agency’s entire budget and one-third of all the money spent on international diplomacy and development. It’s a stark and appalling contrast to the lived reality in our communities. As just a few examples, there are 140 million poor and low-income people living in the United States; about 40 million people in this country face food insecurity; salaries for our nation’s teachers plummeted by more than 4.5 percent over the last decade; we are losing veterans to suicide and drug overdose at alarming rates; and our national infrastructure is crumbling beneath our feet.

Why, then, would our elected officials agree to pump more money into weapon systems that don’t work, endless wars that don’t make us safe, and a refurbishment of our nuclear weapons arsenal that, if employed, can only end in apocalyptic destruction? It’s not just bad policy. We find it immoral. President Eisenhower said more than half a century ago: “Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children.”

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Note: Bellingcat is a crucial provider of “evidence” in the MH17 trial that starts in February. It has no credibility left.

The Art of Doublespeak: Bellingcat and Mind Control (Curtin)

In the 1920s, the influential American intellectual Walter Lippman argued that the average person was incapable of seeing or understanding the world clearly and needed to be guided by experts behind the social curtain. In a number of books he laid out the theoretical foundations for the practical work of Edward Bernays, who developed “public relations” (aka propaganda) to carry out this task for the ruling elites. Bernays had honed his skills while working as a propagandist for the United States during World War I, and after the war he set himself up as a public relations counselor in New York City. There is a fascinating exchange at the beginning of Adam Curtis’s documentary, The Century of Self (above), where Bernays, then nearly 100 years old but still very sharp, reveals his manipulative mindset and that of so many of those who have followed in his wake.

He says the reason he couldn’t call his new business “propaganda” was because the Germans had given propaganda a “bad name,” and so he came up with the euphemism “public relations.” He then adds that “if you could use it [i.e. propaganda] for war, you certainly could use it for peace.” Of course, he never used PR for peace but just to manipulate public opinion (he helped engineer the CIA coup against the democratically elected Arbenz government in Guatemala in 1954 with fake news broadcasts). He says “the Germans gave propaganda a bad name,” not Bernays and the United States with their vast campaign of lies, mainly aimed at the American people to get their support for going to a war they opposed (think weapons of mass destruction).

He sounds proud of his war propaganda work that resounded to his credit since it led to support for the “war to end all wars” and subsequently to a hit movie about WWI, Yankee Doodle Dandy, made in 1942 to promote another war, since the first one somehow didn’t achieve its lofty goal. As Bernays has said, “The American motion picture is the greatest unconscious carrier of propaganda in the world today.”

 

[..] There is a notorious propaganda outfit called Bellingcat, started by an unemployed Englishman named Eliot Higgins, that is funded by The Atlantic Council (a think-tank with deep ties to the U.S. government, NATO, war manufacturers, and their allies), and the National Endowment for Democracy (NED) (another infamous U.S. front organization heavily involved in so-called color revolution regime change operations all around the world), that has just won the International Emmy Award for best documentary. The film with the Orwellian title, Bellingcat: Truth in a Post-Truth World, received its Emmy at a recent ceremony in New York City.

Bellingcat is an alleged group of amateur on-line researchers who have spent years shilling for the U.S. instigated war against the Syrian government, blaming the Douma chemical attack and others on the Assad government, and for the anti-Russian propaganda connected to, among other things, the Skripal poisoning case in England, and the downing of flight MH17 plane in Ukraine. It has been lauded by the corporate mainstream media in the west. Its support for the equally fraudulent White Helmets (also funded by the US and the UK) in Syria has also been praised by the western corporate media while being dissected as propaganda by many excellent independent journalists such as Eva Bartlett, Vanessa Beeley, Catte Black, among others.

It’s had its work skewered by the likes of Seymour Hersh and MIT professor Theodore Postol, and its US government connections pointed out by many others, including Ben Norton and Max Blumenthal at The Gray Zone. And now we have the mainstream media’s wall of silence on the leaks from the OPCW concerning the Douma chemical attack and the doctoring of their report that led to the illegal US bombing of Syria in the spring of 2018. Bellingcat was at the forefront of providing justification for such bombing, and now the journalists Peter Hitchens, Tareq Harrad (who recently resigned from Newsweek after accusing the publication of suppressing his revelations about the OPCW scandal) and others are fighting an uphill battle to get the truth out.

Yet Bellingcat: Truth in a Post-Truth World won the Emmy, fulfilling Bernays’ point about films being the greatest unconscious carriers of propaganda in the world today. Who presented the Emmy Award to the filmmakers, but none other than the rebel journalist Chris Hedges.

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Dismantling the OPCW is the only possible way forward.

WikiLeaks: 20 OPCW Inspectors Dissent From Syria Chemical Attack Narrative (ZH)

Late Saturday WikiLeaks released more documents which contradict the US narrative on Assad’s use of chemical weapons, specifically related to the April 7, 2018 Douma incident, which resulted in a major US and allied tomahawk missile and air strike campaign on dozens of targets in Damascus.

The leaked documents, including internal emails of the Organization for the Prohibition of Chemical Weapons (OPCW) — which investigated the Douma site — reveal mass dissent within the UN-authorized chemical weapons watchdog organization’s ranks over conclusions previously reached by the international body which pointed to Syrian government culpability. It’s part of a growing avalanche of dissent memos and documents casting the West’s push for war in Syria in doubt (which had resulted in two major US and allied attacks on Syria). This newly released batch, WikiLeaks reports, includes a memo stating 20 inspectors feel that the officially released version of the OPCW’s report on Douma “did not reflect the views of the team members that deployed to [Syria]”.

This comes amid widespread allegations US officials brought immense pressure to bear on the organization. The Daily Mail’s Peter Hitchens, who saw the leaked documents just prior to WikiLeaks going public with them had this to say: Sources stress that the scientists involved are ‘non-political, utterly uninterested in any strategic implications of what they reveal’. They just ‘feel that the OPCW has a duty to be true to its own science, and not to be influenced by political considerations as they fear it has been’. An internal memo seen by The Mail on Sunday suggests that as many 20 OPCW staff have expressed private doubts about the suppression of information or the manipulation of evidence.

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This is about 1988. 25 years later, in 2013, Hunter was discharged from the U.S. Navy after testing positive for cocaine. One year after, he landed his job with Burisma. Two years after that, a 2016 police report said that Hunter Biden returned a rental car in Arizona that contained a cocaine pipe and “a small ziplock bag with a white powdery substance inside all sitting on the passenger seat.”

Hunter Biden Drugs Charge Kept Under Wraps As Joe Led Drug War From Senate (WE)

Joe Biden’s son Hunter was arrested on Jersey Shore drug charges in 1988 and had his record expunged at a time when his father was pushing for the incarceration of drug offenders drawn disproportionately from minority groups. Congressional records reveal that Hunter Biden, now 49, was arrested in Stone Harbor, New Jersey, where the Biden family has often holidayed over the years, in June 1988. Hunter Biden, then 18, had just graduated from the prestigious Archmere Academy prep school, which his father had also attended. The former vice president and his wife Jill have often been spotted on trips to Stone Harbor.

The arrest has not previously been reported. Republicans have recently highlighted Hunter Biden’s drug abuse, questioning why it was not taken into account when the lobbyist was appointed to a $50,000-a-month post on the board of the Ukraine oil company Burisma in 2014, when his father, as vice president, was the Obama administration’s lead official on Ukraine. A year after the arrest, Joe Biden gave a speech in which he said the federal government needed to “hold every drug user accountable” because, “If there were no drug users, there would be no appetite for drugs, there would be no market for them.” He neglected to mention the drug use in his own family.

[..] Five months after his son escaped a sentence and had his possession charge kept secret, Biden voted for the Anti-Drug Abuse Act of 1988, which made crack cocaine, often used by poor, black offenders, the only drug with a mandatory minimum penalty for a first offense of simple possession. But while many minorities were imprisoned for minor drug offenses, the wealthy, white Hunter Biden was allowed to participate in a state diversionary program called pretrial intervention. The program allowed first offenders to “avoid a trial and having the stigma accompanying a guilty verdict,” according to the Rubinstein Law Firm in New Jersey.

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Advice on how to deal with it, not a statement about how ridiculous this is.

One-Third Of Credit Card Debt Is Caused By Medical Expenses (CNBC)

For millions of Americans, unexpected bills can be summed up in two words: medical debt. Surprise health-care costs have affected about 137.1 million adults in the past year, according to recent research. And many Americans are turning to credit cards to help manage those debt burdens, according to CompareCards.com. The website found that 33% of cardholders are in debt because of medical bills. And nearly 60% said they used a card because they had no other way to pay. If you’re saddled with this debt, you need to take action.


First, start by making sure that you’re getting the best interest rates for your balances. If you have debt sitting on a high-interest card, consider transferring the balance to a 0% credit card. You may also use a medical credit card for out-of-pocket expenses not covered by your insurance. These cards, which are offered by companies like CareCredit, have special financing you may not get on other cards. They’re interest-free for a few months as long as you make your monthly payments on time. After that period, though, be sure to pay the balance off in full to avoid deferred interest that will charged from the original date of purchase.

Read more …

Obama revived the Espionage Act. But he didn’t have the guts to use it against journalists.

Edward Snowden Speaks Out for Julian Assange and Chelsea Manning (RPI)

Last week, Edward Snowden, a whistleblower who has since 2013 escaped similar silencing via retaining sanctuary in Russia, spoke up in strong advocacy for Assange and Manning’s freedom. He did so in an interview with Democracy Now host Amy Goodman. Snowden points out in the interview that the US cases against Assange, Manning, and himself all derive from the Espionage Act, the same Espionage Act that he notes was used against Daniel Ellsberg in the 1970s after Ellsberg leaked the Pentagon Papers to media. Pointing as an example to Ellsberg being prevented from even telling a jury at trial why he leaked the Pentagon Papers that revealed the hidden truth about US actions in the Vietnam War, Snowden emphasizes that the Espionage Act “is a special law that absolutely rules out any kind of fair trial.”

Continuing, Snowden discusses in the interview Manning’s revelations of “torture and war crimes, indefinite detention on the part of the United States government in places like Iraq and Afghanistan and Guantanamo Bay in Cuba” and Snowden’s own “involvement in the revelation of global mass surveillance” as being part of activities by a “new generation” of whistleblowers. Like Ellsberg, Snowden relates that he and Manning were confronted with the Espionage Act “that forbids the jury to consider” if the leaking activity at issue “was something that did more good for the public to know than it did harm to the government in terms of inconvenience or theoretical risks of investigative journalism in a free society.” And Snowden makes sure to emphasizes that the victims of this type of persecution over the last few years extend beyond Manning and himself.

Indeed, the charging of Julian Assange under the Espionage Act Snowden sees as particularly threatening. States Snowden: “We moved from an individual and exceptional case that was not repeated for decades and decades in the Ellsberg instance to something that under the Obama administration he charged more sources of journalism using this special law than all other presidents in the history of the United States combined. And now, under the Trump administration, we have taken one more step. We have gone from the United States government’s war on whistleblowers to, now, a war on journalism with the indictment of Julian Assange for what even the government itself admits was work related to journalism. And this I think is a dangerous, dangerous thing — not just for us, not just for Julian Assange, but for the world and the future.”

Read more …

“December 20 is an important day..”

Assange Lawyer Discloses Conditions For British Justice TO RETHINK His Extradition (RT)

A Spanish judge will question Julian Assange on a Spain-based security firm thought to have spied on him in the Ecuadorian Embassy in London. His lawyer hopes it may help thwart the WikiLeaks founder’s extradition to the US. Set for next week, the questioning is part of a criminal inquiry the Spanish High Court is carrying out into UC Global, a private security company suspected of gathering surveillance on Assange and passing it further to US intelligence services. “December 20 is an important day,” Aitor Martinez, a lawyer in charge of defending Assange in Spain, told Russia’s RIA Novosti news agency. The Spanish judge will go to Westminster Magistrates Court “to receive a video conference testimony from Mr Assange as a victim of the alleged spy plot,” he revealed.

The firm’s name surfaced this summer when El Pais newspaper reported that it was eavesdropping on Assange during his exile at the Ecuadorian diplomatic mission in London. Citing recordings it has had access to, the paper alleged that the firm – tasked to guard the embassy – specifically focused on Assange’s legal matters discussions. Now, Assange’s input is invaluable as it can pave the way to shooting down US efforts to try the publisher on their soil, Martinez explained. “Obviously, once Spanish justice receives such testimonies from Mr. Assange … the British justice should rethink the usefulness of his extradition [to the US],” he argued. As the inquiry progressed, the Spanish High Court arrested the company’s owner David Morales, a former member of the Spanish military, believed to have liaised with the US side.

He was released on bail, but his company’s premises were searched and his bank accounts frozen. As the story unfolded, it emerged that UC Global operatives also monitored Russian and American visitors to Assange, handing their profiles to US intelligence. Morales himself didn’t try to hide his ties to the “American friends.” According to Germany’s NDR broadcaster, which filed a complaint against UC Global for having targeted one of its journalists who visited Assange, Morales allegedly told one of his employees: “From now on, we play in the first league… We are now working for the dark side.” He is said to have traveled up to twice a month to the US to deliver intelligence taken from the Ecuadorian Embassy.

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And in our own bodies too, if not now then soon.

A Million Times More Microplastic In The Oceans Than We Thought (Wef)

There could be a million times more microplastics floating around our oceans than previously thought, according to new research suggesting existing studies could have seriously underestimated the problem. Some microplastics – defined as fragments measuring less than 5 mm – are too small to be caught in the nets traditionally used to collect samples, making them go unnoticed. But researchers say a new technique has enabled more accurate measurements, capturing pieces smaller than the width of a human hair. The study, led by biological oceanographer Jennifer Brandon of Scripps Institution of Oceanography, published in the science journal Limnology and Oceanography Letters, found the concentration of tiny plastic pieces could be five to seven orders of magnitude greater than previously thought.

These fragments make their way into the world’s waterways and end up in our oceans. More than one-third of microplastics in the ocean come from synthetic fabrics, such as polyester or nylon. Car tyres are the second-leading source, releasing plastic particles as they erode. To more accurately record the level of microplastic pollution in ocean waters, the researchers analysed seawater salps, which are tiny, barrel-shaped filter feeders. These invertebrates inhabit ocean waters to depths of around 2 kilometres. Salps pump salt water through their bodies as they perform a pulsing movement both to feed and to move through the ocean. Filter-feeding in the ocean depths makes them a likely place to find microplastics, the researchers say.

All of the salp samples taken from three different ocean zones had mini-microplastic particles in their stomachs. Since food passes through the creature’s digestive system in two to seven hours, it was an alarming find. “The thing that truly surprised me the most was that every salp, regardless of year collected, species, life stage, or part of the ocean collected, had plastic in its stomach,” Brandon explained to Earther. “A species having 100% ingestion rates is quite extraordinary, and devastating for the food web that eats salps.”

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Aug 052019
 


Piet Mondriaan Study for Blue Apple Tree Series 1908

 

Currency War Begins: China Crashes Yuan Past 7, Halts US Agri Imports (ZH)
China Lets Yuan Slump Past 7 Per Dollar For First Time In Over A Decade (R.)
Hong Kong Brought To A Standstill As City-Wide Strikes And Protests Hit (G.)
Job Growth In Trump Land Is Dead In The Water (MW)
10 Alarming Things About The Economy That Politicians Won’t Tell You (MW)
The Crashes That Cause Grown Men To Cry (Eric Peters)
Inside The Plunge Protection Team: Chaos (ZH)
Russiagate is the New 42 (Craig Murray)
Austerity Populism (G.)
Bellingcat Unloads 4,000-Word Hit Piece On Tulsi Gabbard (RT)
America’s Other Original Sin (Bacevich)

 

 

“..trade talks, even the fake kind, is now over, dead and buried..”

Currency War Begins: China Crashes Yuan Past 7, Halts US Agri Imports (ZH)

Update 2: – China’s central bank has confirmed that it is, indeed, on, saying that it is able to keep the yuan exchange rate at a reasonable and balanced level – whatever that means – while acknowledging that the Yuan plunging beyond 7 per dollar is due to market supply and demand, trade protectionism and expectations on additional tariffs on Chinese goods. Meanwhile, resorting to its old, tired and worn out tricks, Dow Jones reports that the PBOC will crack down on short-term Yuan speculation, and anchor market expectations. Which is great… if only the PBOC didn’t say exactly the same back in May, when it warned currenct traders that those “shorting the yuan will inevitably suffer from a huge loss.” Three months later, it’s currency traders 1 – Beijing 0.


Update 1 – China is firing all the big guns tonight, because just an hour after Beijing effectively devalued the yuan, when it launched the latest currency war with the US, Bloomberg reported that the Chinese government has asked its state-owned enterprises “to suspend imports of U.S. agricultural products after President Donald Trump ratcheted up trade tensions with the Asian nation last week.” China’s state-run agricultural firms have now stopped buying American farm goods, and are waiting to see how trade talks progress. Translation: trade talks, even the fake kind, is now over, dead and buried, and the only question is how Trump will react.

[..] in a dramatically unsettling move for global stability, China’s offshore yuan just collapsed below 7/USD — after the PBOC fixed the onshore yuan below 6.90 for the first time in 2019 — the currency plunging a stunning 12 handles to its weakest on record against the dollar as countless stop losses were triggered and thousands of traders were margined out.

“A break of 7 is quite shocking to the market, and close attention will be paid to how China would deal with this move,” says Tsutomu Soma, general manager of the investment trust and fixed-income securities at SBI Securities Co. in Tokyo in a phone interview. This is the weakest offshore yuan has ever been against the dollar…

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Beijing control over the yuan is worrisome. It also prohibits uptake of the currency in global trade.

China Lets Yuan Slump Past 7 Per Dollar For First Time In Over A Decade (R.)

China on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate further currency weakness in the face of an escalating trade row with the United States. The sharp 1.4% drop in the yuan came after the People’s Bank of China set the daily mid-point of the currency’s trading band at 6.9225 per dollar, its weakest level since December 2018. “Today’s fixing was the last line in the sand,” said Ken Cheung, senior Asian FX strategist at Mizuho Bank in Hong Kong. “The PBOC has fully given the green light to yuan depreciation”. The shakeout in the yuan comes days after Trump stunned financial markets by vowing to impose 10% tariffs on the remaining $300 billion of Chinese imports from Sept. 1, abruptly breaking a brief month-long ceasefire in the bruising trade war.

After opening the onshore session at 6.9999 per dollar, the yuan had weakened to 7.0266 per dollar by 0351 GMT, down 1.2% on the day after earlier losing as much as 1.4% of its value. Monday marked the first time the yuan had breached the 7-per-dollar level since May 9, 2008. With the escalating trade war giving Beijing fewer reasons to maintain yuan stability, analysts said they expect the currency to continue to weaken. “In the short-term, the yuan’s strength would be largely determined by the domestic economy. If third-quarter economic growth stabilizes, the yuan could stabilize around 7.2 or 7.3 level,” Zhang Yi, chief economist at Zhonghai Shengrong Capital Management in Beijing.


Capital Economics senior China economist Julian Evans-Pritchard said the PBOC had probably been holding back against allowing a weaker yuan to avoid derailing trade negotiations with the United States. “The fact that they have now stopped defending 7.00 against the dollar suggests that they have all but abandoned hopes for a trade deal with the U.S.,” he said.

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Organizers swore peaceful protests. But a few agitators can take care of that.

Hong Kong Brought To A Standstill As City-Wide Strikes And Protests Hit (G.)

Hong Kong’s embattled leader, Carrie Lam, has warned that mass protests have pushed the region to the brink of a “very dangerous situation” as residents have gone on strike, paralysing the city. Lam, who has disappeared from public view for the past two weeks, gave a media briefing in which she condemned the protests for hurting Hong Kong’s economy and stability. “Such extensive disruptions in the name of certain demands or uncooperative movement have seriously undermined Hong Kong law and order and are pushing our city, the city we all love, and many of us helped to build, to the verge of a very dangerous situation,” she said.

On Monday, transport across Hong Kong was brought to a standstill and more than 150 flights out of the city were cancelled. Almost 100 outbound and 100 inbound flights were cancelled. Protesters also blocked key roads and stopped trains throughout the city. [..] Protesters have shifted tactics beyond only marches and protests in the streets. Civil servants from more than 30 government departments, as well as pilots, teachers, construction workers, engineers, and aviation staff all pledged to strike on Monday.


On Monday morning, several lines of the MTR, the rail network serving Hong Kong, were suspended as protesters, many wearing face masks and black clothing, blocked the doors of trains, preventing them departing the stations. There were also reports of discarded umbrellas being wedged in train doors to prevent them from closing, delaying services. Monday’s planned city-wide protest, which is aimed to disrupt peak-hour travel of commuters, is the fifth consecutive day of mass demonstrations in the city. Simultaneous rallies were planned for seven of Hong Kong’s 18 districts on Monday. Hong Kong has not held a general strike in more than 50 years.

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“Rural America is older, sicker, poorer and more dependent upon state aid than it was before.”

Job Growth In Trump Land Is Dead In The Water (MW)

Since the economy began adding jobs after the Great Recession nine years ago, about 21.5 million jobs have been created in the United States, the second-best stretch of hiring in the nation’s history, second only to the 1990s. But job growth isn’t being spread evenly across the land. Most of the new jobs have been located in a just a few dozen large and dynamic cities, leaving slower-growing cities, small towns and rural areas — where about half of Americans live — far behind. Along with climate change and racial justice, economic development is America’s biggest challenge over the next few decades. Inclusive growth is a must, or else our society will fall apart. The problem: No one — certainly not President Trump — has found the magic wand that will bring back jobs to rural and small-town America.

According to a study titled “The Future of Work in America” by the McKinsey Global Institute released in July, 25 cities that are home to about 30% of Americans will capture about 60% of the job growth between 2017 and 2030, just as they did between 2007 and 2017. Twelve are megacities (and their extended suburbs): Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Miami, New York, Philadelphia, Phoenix, San Francisco and Washington. Another 13 are high-growth hubs in smaller cities: Austin, Charlotte, Denver, Las Vegas, Minneapolis, Nashville, Orlando, Portland (Ore.), Raleigh, San Antonio, San Jose, Seattle, and Tampa. A few other smaller, fast-growing cities will also add jobs, while vast swaths of the South, Midwest and Plains will lose jobs.


The New York metro area, home to 20 million people, added more jobs over the past year than all the small towns and rural areas — with 46 million people — did combined. Anyone who’s been paying attention to the political map will recognize that the growth is mostly occurring in places that vote for Democrats, while the stagnation is mostly in places that vote for Republicans. Donald Trump has appealed to those who are the most fearful, the most resentful and the most despairing, but the situation hasn’t gotten any better since his election. Rural America is older, sicker, poorer and more dependent upon state aid than it was before.

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Feel lucky?

10 Alarming Things About The Economy That Politicians Won’t Tell You (MW)

Here are 10 remarkable forecasts and assumptions that Washington is making and isn’t telling you. These are all contained in the Congressional Budget Office’s most recent Long-Term Budget Outlook, the cornerstone document of government financial and economic planning.

1. We’re going to have a lot more immigrants. A lot. They’re expecting a net 22.5 million more immigrants to come to the U.S. over the next 20 years. By 2049, they’re expecting immigration to account for a stunning 87% of annual population growth.

2. We’re going to have a lot more illegal immigrants. Despite the current bluster and the scandals at the border, the CBO expects we’ll have 2.4 million more illegal immigrants (or “undocumented residents,” or whatever) in 20 years’ time than we have today.

3. We’re going to be up to our eyeballs in debt. The national debt is expected to skyrocket to an “unprecedented” 144% of GDP by 2049, or twice the level today. That would put the debt just under $100 trillion. The figure today: Around $18 trillion. As recently as 2000: $4 trillion. Oh, and this isn’t even the worst-case scenario: The national debt could exceed 200% of GDP in 30 years’ time, the CBO acknowledges.

4. We’re going to owe so much money that by 2049 the annual interest on the debt will be about 5% of GDP — roughly the share that we spend today on Social Security. And that’s even if interest rates stay low. Despite rising debt and federal spending, the government is expecting — or hoping — the average rate on federal debt will rise only from today’s lowly 2.4% to 4.2%, still modest by historic standards, by 2049.

5. This debt, and these deficits, will damage the economy. They will crowd private investment out of the debt markets, reducing income and growth, says the CBO. And as we’ll have to borrow more and more from abroad to finance the government, they’ll lead to bigger and bigger interest payments leaving the country.

6. Social Security, Medicare, other health programs and net interest are going to soak up so much of the budget that we’re going to have to slash everything else to the smallest share of the economy in 70 years — just 7%. The average over the past 50 years: 11%.

7. Just to keep the federal deficit to these levels, your taxes will go up. The Obama tax hike on “Cadillac” health-insurance plans will kick in starting in 2022, and the 2017 Trump tax cuts will expire in 2025.

8. Most working stiffs can say goodbye to any other tax cuts. Uncle Sam is explicitly relying on your taxes to go up thanks to “bracket creep,” where income-tax brackets rise only in line with inflation while your income — you hope — rises faster.

9. While tax rates go up for most people, they won’t for those earning the most. That’s because more and more of their income will be above the Social Security “cap,” saving them an effective 12.4% a year. The cap this year is $132,900.

10. Meanwhile, working stiffs will be taxed at twice the marginal rate of those who live on dividends. By 2049, says the CBO, labor income will be taxed at a marginal rate of 32%, compared to just 16% for capital income. Good to know, isn’t it? It would be great to see some of this stuff come up in the presidential race, wouldn’t it?

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“The Fed hiked 25bps to 3.25% in Feb 1994. Grown men cried on the trading floor. Salesmen. They were soon laid off. Their clients suffered staggering losses. They too were fired.”

The Crashes That Cause Grown Men To Cry (Eric Peters)

He started his career in 1989, with Fed Funds at 9.75%. The Fed slashed rates to 8.25% in Dec 1989 as the S&L Crisis unfolded. They continued cutting until Aug 1992, when rates hit a mindboggling low of 3.00%. The Fed kept money that cheap for 1.5 yrs. Investors had recently earned 9.75% for taking no risk and found themselves starved for returns. So banks structured complex products that offered enhanced yields by selling volatility – they were great, provided the Fed neither hiked nor cut rates. They flew off the shelves. Salespeople gouged their clients. The Fed hiked 25bps to 3.25% in Feb 1994. Grown men cried on the trading floor. Salesmen. They were soon laid off. Their clients suffered staggering losses. They too were fired.


And as their bosses and boards discovered the scale of their unbounded risk, they instructed the banks to get them out at the best price. Whenever that happened, the cost was far bigger than expected. And this in turn was reflexive. Those clients who had earlier assured themselves that they could stomach the ride – because they were long-term investors – were forced to vomit. They call that period The Great Bond Massacre. But it seemed like every few years, another great massacre would unfold in one thing or another. So he assumed that this is how the world worked. Of course, he wasn’t alone. Global central bankers also recognized this to be the case. So they strived to avoid new massacres. But their tools only worked when the mechanic applied greater leverage with each use. Massacre after massacre, they cranked away. By 2019, they had produced the longest economic expansion and equity bull market in American history.

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Is this enough to end the Fed?

Inside The Plunge Protection Team: Chaos (ZH)

Now, thanks to Bloomberg, we have a much more detailed look into what transpired at the trading desk of the “Plunge Protection Team”, and what we learn is that the past year said institution which forms the bedrock of support for the US capital market has been gripped by what at times is sheer chaos. Why? Perhaps it will not come as a surprise to anyone, that the reason for said chaos is another career economist, in this case the “new” president of the New York Fed, John Williams (no relation to the Star Wars guy). As Bloomberg details in a “must read” report, “an unusual level of internal tension broke out in recent weeks at the fortress-like Federal Reserve Bank of New York in lower Manhattan.”

This was prompted by the sudden departure of the two longtime officials mentioned above, which “shook staff, sank morale and drew attention to the leadership of the New York Fed under John Williams as he enters his second year at the helm.” And yes, this is the same John Williams who two weeks ago prompted a mini market tantrum following one of the most epic communication fuck ups by a central banker. As Bloomberg writes “the story involves Simon Potter, who ran the all-important markets desk, and Richard Dzina, head of the financial services group. Both were abruptly relieved of their roles in late May by Williams.


Little explanation was given, but according to current and former New York Fed employees, as well as those close to the bank, the nature of the exits, by fault or design, seemed to be a warning: fall in line.” It is not clear exactly what the two titans of US capital markets had to “fall in line” for, but two things are certain – i) Potter did not “resign”, he was fired by Williams, and ii) now that an economist with zero capital markets experience is in charge, and following his termination of Potter and Dzina, the world is one step closer to collapse as a clueless PhD hack is in charge of the most important market in the world.

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“Judge Koeltl concluded that, quite simply, the claims made as the basis of Russiagate are insufficient to even warrant a hearing.”

Russiagate is the New 42 (Craig Murray)

Douglas Adams famously suggested that the answer to life, the universe and everything is 42. In the world of the political elite, the answer is Russiagate. What has caused the electorate to turn on the political elite, to defeat Hillary and to rush to Brexit? Why, the evil Russians, of course, are behind it all. It was the Russians who hacked the DNC and published Hillary’s emails, thus causing her to lose the election because… the Russians, dammit, who cares what was in the emails? It was the Russians. It is the Russians who are behind Wikileaks, and Julian Assange is a Putin agent (as is that evil Craig Murray). It was the Russians who swayed the 1,300,000,000 dollar Presidential election campaign result with 100,000 dollars worth of Facebook advertising.

It was the evil Russians who once did a dodgy trade deal with Aaron Banks then did something improbable with Cambridge Analytica that hypnotised people en masse via Facebook into supporting Brexit. All of this is known to be true by every Blairite, every Clintonite, by the BBC, by CNN, by the Guardian, the New York Times and the Washington Post. “The Russians did it” is the article of faith for the political elite who cannot understand why the electorate rejected the triangulated “consensus” the elite constructed and sold to us, where the filthy rich get ever richer and the rest of us have falling incomes, low employment rights and scanty welfare benefits. You don’t like that system? You have been hypnotised and misled by evil Russian trolls and hackers. [Whether Trump and/or Brexit were worthy beneficiaries of the popular desire to express discontent is an entirely different argument and not one I address here].


Except virtually none of this is true. Mueller’s inability to defend in person his deeply flawed report took a certain amount of steam out of the blame Russia campaign. But what should have killed off “Russiagate” forever is the judgement of Judge John G Koeltl of the Federal District Court of New York. In a lawsuit brought by the Democratic National Committee against Russia and against Wikileaks, and against inter alia Donald Trump Jr, Jared Kushner, Paul Manafort and Julian Assange, for the first time the claims of collusion between Trump and Russia were subjected to actual scrutiny in a court of law. And Judge Koeltl concluded that, quite simply, the claims made as the basis of Russiagate are insufficient to even warrant a hearing. The judgement is 81 pages long, but if you want to understand the truth about the entire “Russiagate” spin it is well worth reading it in full. Otherwise let me walk you through it.

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Poverty as a means of getting rid of the unwanted.

Austerity Populism (G.)

In a recent book ostensibly focused on Jeremy Corbyn’s Labour party, but partly about recent British political history, the academics Matt Bolton and Frederick Harry Pitts explain the last decade in terms of “austerity populism”. Cuts, welfare crackdowns and the case for leave, they explain, were all sold to the public via the exclusion of supposedly unproductive undesirables: “scroungers” in the austerity narrative; “migrants” in the stories that swirled around the 2016 referendum. Both traded on a nostalgic idea of national struggle, keeping calm and carrying on, and some strange, latent belief that the country was in need of a purgative spell of pain akin to an imaginary version of the second world war.

In this vision, David Cameron’s election victory in 2015 and the leave side’s win a year later were watershed moments on the same national journey. But if austerity populism has so far been politically successful, it also comes with obvious risks. Trumpeting the wonders of slashing services and kicking around the poor only works for as long as the majority of people are largely untouched by those things – which is why Johnson is now partly changing tack and pledging to spend money (although our nasty, broken benefits system and countless imperilled public services will surely remain untouched).


By the same token, the romance of leaving the EU will only endure while its losers – sheep farmers, car industry workers, people who have come to the UK from central and eastern Europe – form a minority, and enough voters can still be persuaded that they will be winners in a Tory Brexit. Yet, however shambolic the opposition offered by Labour, the lived reality of no deal would surely risk tipping too many people into doubt and fear and away from the Conservatives, which is one reason why Johnson and his allies are in such an obvious hurry. The emotional side of me would simply describe this all as a very English tragedy, centred on a mean-spiritedness that the woman I met in Dover would instantly recognise. And at least until the end of this long, overheated summer and the start of an autumn of nightmares, millions of us will carry on behaving much as we have done for the last decade: not just passing by on the other side, but dancing as we do it.

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A weird propaganda tool. That we pay attention to it is a flashing red sign of where our societies are at.

Bellingcat Unloads 4,000-Word Hit Piece On Tulsi Gabbard (RT)

Running as an anti-war candidate in the US comes with a target painted on your back that draws fire from those rooting for foreign interventions. In case of Tulsi Gabbard, it includes a lengthy piece on chemical attacks in Syria. Gabbard, a Democratic presidential hopeful, became the most-googled candidate during the second primary debate – but the surge of public interest came with renewed attacks against her anti-interventionist agenda. In case you’ve missed it all, Gabbard has been branded a ‘Russian’ spoiler for whichever candidate is eventually picked, and, once again, an apologist for Syrian President Bashar Assad.

Joining the chorus of bashers on Sunday was Elliot Higgins, the founder of the UK-based ‘citizen investigation’ outlet Bellingcat, who wrote a whopping 4,000-word piece attacking Gabbard’s negative attitude toward regime change wars. In particular, Higgins didn’t like her skepticism over chemical weapons attacks in Syria reflected on her campaign website. The attacks were used by Washington to justify missile attacks against the country’s government – and by extension continued illegal US military presence in the country.


The mammoth piece starts with screenshots featuring logos of RT and InfoWars (Russian propaganda, dear readers, conspiracy theories!) and goes on to criticize anyone doubting the US-favored narrative about what happened in Syria. MIT Professor Theodore Postol gets an honorable mention, with whom Higgins no longer debates in person since their encounter in 2018. Back then, Higgins failed to address Postol’s technical criticisms of his investigations and instead resorted to mocking applauses and calling his opponent a tool of Russian propaganda.

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Always a sucker for a good history lesson.

America’s Other Original Sin (Bacevich)

Can there be more than one Original Sin? I’m guessing that may be a theological nonstarter, but as a basis for historical interpretation there is real merit in considering the possibility of multiple exiles from the Garden of Eden. That the arrival of the first African slaves to Jamestown 400 years ago this month qualifies as America’s Original Sin is now widely recognized. While holdouts remain, most agree that slavery and racism together have left an indelible stain on our nation. Many would argue that this awareness has arrived belatedly. I might even cite myself as an example.

As a kid growing up in Northwest Indiana in the middle of the last century, I judged slavery to have been an unfortunate mistake long since corrected. In the de facto segregated Calumet region where my family lived, race obviously remained a sensitive subject, but to my mind one best kept at arm’s length. I had more important things to worry about than the relationship between white people like me and those who were not white—why the Cubs were permanently stuck in or near the National League cellar being but one example. In the decades since, I’ve learned to see matters differently. So have many others.

But let me suggest the possibility of a Second Original Sin, not rising to the level of the first, but at least deserving far more attention than it has received. And that’s the sin committed in December 1898, when the United States laid claim to the Philippines. The history of this transaction, centering on a transfer of sovereign authority from Madrid to Washington, is both well known and almost entirely forgotten. As had been the case with race in East Chicago, Indiana, back in the late 1950s, the incorporation of the Philippines into an increasingly far-flung American empire has been written off. This, I have come to believe, is unfortunate, especially today when the American empire appears increasingly precarious.

The essential facts are these. In April 1898, the United States went to war with Spain. The war’s nominal purpose was to liberate Cuba from oppressive colonial rule. The war’s subsequent conduct found the United States not only invading and occupying Cuba, but also seizing Puerto Rico, completing a deferred annexation of Hawaii, scarfing up various other small properties in the Pacific, and, not least of all, replacing Spain as colonial masters of the Philippine Archipelago, located across the Pacific.


1898 US Political Cartoon: U.S. President William McKinley is shown holding the Philippines, depicted as a savage child, as the world looks on. The implied options for McKinley are to keep the Philippines, or give it back to Spain, which the cartoon compares to throwing a child off a cliff.

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