May 132020
 


Harris&Ewing Treasury Building, Fifteenth Street, Washington, DC 1918

 

Don’t Let Governors Fool You About Reopening (Yaneer Bar-yam)
GOP Rejects Pelosi’s $3 Trillion HEROES Act Package (WE)
House Bill Would Provide Some As Young As 16 With $2,000 Monthly Payments (JTN)
HEROES Act Delivers A Win To The Health Insurance Industry (IC)
US Fossil Fuel Giants Set For A Coronavirus Bailout Bonanza (G.)
US COVID19 Death Forecast Revised Upward Again (R.)
Gilead Ties Up With Generic Drugmakers For COVID19 Drug Supply (R.)
Mexico Sees 353 Deaths In Most Lethal Coronavirus Day (R.)
Cuba Begins Mass Testing For COVID19 With Fewer Than 20 New Cases Per Day (G.)
How Hong Kong Did It (Atl.)
EU Faces ‘Existential Threat’ If Coronavirus Recovery Is Uneven (G.)
China’s April Air Passenger Numbers Down 68.5% Year-on-Year (R.)
US Airlines Tell Crews Not To Force Passengers To Wear Masks (R.)
Contacts Exposed Between US Kyiv Embassy, Yovanovitch, Burisma (Solomon)
Judge Delays Flynn Dismissal Decision, Invites Outside Opinions (JTN)

 

 

• US adds 1,894 coronavirus deaths in 24 hours. Monday: 830, Sunday: 776.

 

 

Russia had its 10th consecutive day of more than 10,000 cases

 

 


 

 

 

Cases 4,358,220 (+ 85,116 from yesterday’s 4,273,104)

Deaths 293,236 (+ 5,615 from yesterday’s 287,621)

 

 

 

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

 

 

From Worldometer

 

 

From SCMP:

 

 

From COVID19Info.live:

 

 

 

 

 

 

Do the states that are doing well risk seeing their progress wiped out?

Don’t Let Governors Fool You About Reopening (Yaneer Bar-yam)

In March, I called on the US to impose a strict five-week national lockdown with internal and external travel restrictions to bring us to near zero infections. While measures were taken in many parts of the country, it was too little, too late. Now, I and many others are issuing another warning: the decisions of some US governors to prematurely ease social distancing is a disastrous mistake and citizens need to ignore them. Our research — and common sense — show that lifting social restrictions will lead to an explosion of Covid-19 cases and cause countless more deaths. The correct way to relax restrictions is to start with parts of a state that are Covid-free for 14 days and allow only essential travel to those parts of the state with 14-day quarantines for inbound travelers. Why will going along with reopening lead to catastrophe?

First, we must understand that coronavirus is very deadly. Those who claim the death rate is exaggerated are plain wrong and downplaying the emergency. While death rate estimates have varied, recent data from China, the United Kingdom and France, reflecting deaths outside hospitals, including in nursing homes, puts the Covid-19 global fatality rate at around 6.8%, based upon analysis we did at endcoronavirus.org, using data from Johns Hopkins University. Second, almost all reopening states, from California to Pennsylvania, currently have a critical mass of new cases of existing infections that could see new outbreaks in the coming days and weeks. Third, without extreme preventive measures, we’ve seen how coronavirus infections doubled every two to three days at one point in different areas — which equated to about a tenfold increase per week.

That means that a state with 1,000 new cases could have well over 100,000 more in two weeks, if social distancing is loosened. States like Texas have announced precautions to mitigate harm from reopening with measures like limiting restaurants and shopping malls to operating at a 25% or 50% capacity depending on the amount of cases in their areas. But we know from months of studying this disease that communities need more aggressive measures to stop the exponential spread of Covid-19. We prevented the contagion from being much worse by putting in place protective measures throughout the US. We expanded testing capacity. We ramped up our hospitals’ capacity to care for critically ill patients. But this “flattening the curve” isn’t enough. If we lighten up on our protective measures now, all the progress we’ve made will vanish, and we’ll suffer an enormous setback. We need to push even harder to win.

Read more …

View from the right wing.

GOP Rejects Pelosi’s $3 Trillion HEROES Act Package (WE)

Senate Republicans flatly rejected a $3 trillion coronavirus aid package House Democrats introduced Tuesday and said they’ll wait to decide whether more legislation is necessary. “If we reach a decision, along with the administration to move to another phase, that’ll be the time to interact with the Democrats,” Senate Majority Leader Mitch McConnell told reporters Tuesday. “But what you’ve seen in the House is not something designed to deal with reality but designed to deal with aspirations. This is not a time for aspirational legislation. This is a time for practical response to the coronavirus pandemic.” Democrats blasted McConnell’s reaction to the massive bill.

Senate Minority Leader Chuck Schumer, a New York Democrat, accused McConnell of ignoring the desperate needs of people out of work and left without paychecks. “We need big, bold action, and yet, Leader McConnell seems totally divorced from that reality,” Schumer said. “We need to act in a big and bold way. The House has started the ball rolling. Republicans and the president ought to understand that and help us move in a big, bold way, not stand in the way.” The House measures are massive in both cost and scope. It provides new $1,200 cash payments to individuals and more than $1 trillion to state, local, and municipal governments. It includes a bailout for troubled state pensions and the U.S. Postal Service and “hazard pay” for healthcare workers and other workers who are unable to stay at home during the coronavirus.

Republicans have no appetite for the wide-ranging measure, they said. Congress has already enacted $2.8 trillion in federal coronavirus relief aid, and both the GOP and President Trump say they plan to wait for that funding to roll out and for economies to begin reopening before assessing the need for new federal spending legislation. Sen. John Thune, the majority whip, said the House bill “is nothing more than a messaging exercise by the House Democrats.” The South Dakota Republican said the bill “is not going anywhere” and said the Senate “will be working in a bipartisan way with the White House” when considering new coronavirus funding.

Read more …

I think we can safely label this UBI. If people making up to $250,000 are eligible, the few percent that remain are negligible.

House Bill Would Provide Some As Young As 16 With $2,000 Monthly Payments (JTN)

House Democrats are proposing a $2,000-a-month stimulus payment for individuals 16 and older to help them during the coronavirus. Reps. Ro Khanna of California and Tim Ryan of Ohio have introduced the proposal as stand-alone legislation titled the Emergency Money for the People Act. A spokesperson for Ryan’s office told Just The News on Tuesday that he is working with House leadership to include his bill in future coronavirus stimulus legislation. The Khanna-Ryan proposal would provide the monthly payments to qualified recipients for one year. To qualify, individual recipients must make less than $130,000 annually and couples filing joint tax returns would have to make less than $260,000.


The proposal has 37 co-sponsors including Reps. Rashida Tlaib, of Michigan, Alexandria Ocasio-Cortez, of New York, and Ted Lieu, of California. Khanna’s office said 16-year-olds would not have to file tax returns to qualify for the $2,000 per month. “They would have to fill out an online form that must be accessible via mobile phone to fill out” with their Venmo, Paypal, “other mobile money or direct deposit” information, a Khanna spokesperson said. Khanna’s office also told Just The News that illegal immigrants and non-citizens who file tax returns with tax ID numbers would qualify for the monthly direct payments in the bill.

Read more …

Here’s what you get for rejecting Medicare For All.

HEROES Act Delivers A Win To The Health Insurance Industry (IC)

The Heroes Act, the new coronavirus relief bill introduced by House Democrats on Tuesday, includes protections for employer-sponsored insurance plans, which the health care industry has been lobbying Congress on for weeks. The proposed legislation includes subsidies for continued coverage for furloughed workers and people using COBRA, a continuing health coverage plan for those who have lost work, even if they don’t pay their premiums. The bill also creates avenues for premium assistance for certain categories of people who want to pay those premiums anyway and would open a special insurance enrollment period a week from the date it’s enacted into law. It also provides nine months of premium payments to health insurance plan administrators who don’t receive them during the ongoing pandemic.

The push to protect insurance premiums comes as some health care companies, like UnitedHealth, Humana, and Cigna, have reported profits during the pandemic amid record-high unemployment levels and have boasted that they don’t expect to take a financial hit. In late April, dozens of industry groups — including the influential, conservative Chamber of Commerce — sent a letter to congressional leadership asking for direct subsidies for COBRA, expanding uses for health savings accounts, and increasing eligibility to access health insurance marketplaces.

A couple of weeks earlier, the nations’ second-largest health insurance lobby, America’s Health Insurance Plans, joined a congressional call with members of the conservative Democratic Blue Dog Caucus to ask for protections for employer coverage. According to two sources familiar with the April 13 call, AHIP’s CEO discussed the importance of protecting employer-sponsored plans. One person on the call, who works for an insurer and was not authorized to speak publicly about the conversation, said AHIP’s push for targeted relief to employers who pay premiums to insurance companies was puzzling, given that insurance companies have seen recent profits.

Read more …

The US is no longer capable of passing any law without both parties appropriating huge sums of money to their corporate sponsors. Every single bill that is passed increases inequality.

US Fossil Fuel Giants Set For A Coronavirus Bailout Bonanza (G.)

Fossil fuel companies and coal-powered utilities in the US are set for a potential bonanza under federal government plans for a bond bailout, part of the rescue package for the coronavirus crisis. At least 90 fossil fuel companies, many of them established giants such as ExxonMobil, Chevron and Koch Industries, stand to gain from the Federal Reserve’s coronavirus bond buyback programme, alongside more than 150 utilities including coal-heavy firms such as American Electric Power and Duke Energy, according to a new analysis. The bond buyback scheme is expected to be worth at least $750bn altogether and to benefit thousands of companies by the end of September, and the size of the payout that could go to fossil fuels and utilities is as yet unknown.


The scheme is to be discussed in the US Senate on Tuesday. Jason Disterhoft, a senior campaigner at Rainforest Action Network, which conducted the study, said public money should be used to bail out companies only with strict conditions attached. “Our concern is that these recovery funds should be prioritising people and communities and they are going instead to big companies to pay down their debts,” he said. Ten out of the top 40 fracking companies would be eligible to apply, according to the analysis, which examined all US fossil fuel companies and energy utilities to check whether they would qualify under the published scheme rules. It is not known whether any of these companies will apply for the support, though many are expected to do so.

Read more …

The modeling gets more useless with each update. Just say you don’t know.

US COVID19 Death Forecast Revised Upward Again (R.)

The latest forecast here from the University of Washington’s Institute for Health Metrics and Evaluation (IHME) reflects “key drivers of viral transmission like changes in testing and mobility, as well as easing of distancing policies,” the report said. The revision reinforced public health warnings, including U.S. Senate testimony on Tuesday from Dr. Anthony Fauci, the nation’s top infectious disease expert, that prematurely lifting lockdowns could lead to more outbreaks of the respiratory virus. Fauci and other medical experts have urged caution in relaxing restraints on commerce before diagnostic testing and the ability to trace close contacts of infected individuals can be vastly expanded, along with other safeguards.

IHME researchers acknowledged that precise consequences of moves to reopen shuttered businesses and loosen stay-at-home orders are difficult to gauge. “The full potential effects of recent actions to ease social distancing policies, especially if robust containment measures have yet to be fully scaled up, may not be fully known for a few weeks due to the time periods between viral exposure, possible infection and full disease progression,” the report said. COVID-19 has already claimed nearly 81,000 lives in the United States, out of more than 1.36 million known infections, according to a Reuters tally.

[..] The projections are presented as a range, with the latest forecast – 147,00-plus deaths – representing the average between a best-case scenario of 102,783 lives lost and a worst-case scenario of 223,489 fatalities. The forecasts have fluctuated over the past couple of months, with a projected death toll as low as 60,000 on April 18.

Read more …

It’s become normal to label remdesivir an “experimental COVID-19 treatment”.

Gilead Ties Up With Generic Drugmakers For COVID19 Drug Supply (R.)

Gilead Sciences Inc said on Tuesday it has signed non-exclusive licensing pacts with five generic drugmakers based in India and Pakistan to expand the supply of its experimental COVID-19 treatment remdesivir. The pacts allow the companies – Jubilant Life Sciences Ltd, Cipla Ltd , Hetero Labs Ltd, Mylan NV and Ferozsons Laboratories Ltd – to make and sell the drug in 127 countries. The countries consist of nearly all low-income and lower-middle income ones, as well as several that are upper-middle- and high-income, the drugmaker said. Afghanistan, India, North Korea, Pakistan and South Africa are among the countries.


The licensees will also set their own prices for the generic product they produce, Gilead said. The licenses are royalty-free until the World Health Organization declares the end of the public health emergency regarding COVID-19, or until a product other than remdesivir or a vaccine is approved to treat or prevent COVID-19, the company said. Gilead’s antiviral drug remdesivir earlier this month received the U.S. Food and Drug Administration’s emergency use authorization to treat COVID-19 patients.

Read more …

Rising in the charts. Close the borders.

Mexico Sees 353 Deaths In Most Lethal Coronavirus Day (R.)

Mexico’s health ministry confirmed 1,997 new cases of coronavirus infections on Tuesday, along with 353 additional deaths, the most deadly day since the pandemic began. The new infections brought confirmed coronavirus cases to 38,324 and 3,926 deaths in total, according to the official tally. Mexico’s previous highest daily death toll was on Thursday, when Mexico reported 257 fatalities.

Read more …

It’s easier for islands. And Cuba has a much better health care system than just about any country, that helps too.

Cuba Begins Mass Testing For COVID19 With Fewer Than 20 New Cases Per Day (G.)

Cuba has begun mass testing for coronavirus as it appeared to have contained infections, amid a partial shutdown that has exacerbated a shortage of basic goods. New cases have fallen to fewer than 20 per day from a peak of around 50 in April. Since the first Covid-19 illness was reported two months ago, there have been 1,804 confirmed cases, of which 70.7% have recovered and 78 people have died. Cuba has closed its borders and the tourism industry, schools and public transportation. Masks are mandatory and eating at restaurants, bars and social gatherings prohibited. Cubans have been urged to stay at home and practice social distancing.

But the public has not been confined to quarters and has taken to trudging about in search of basic supplies, waiting in long lines and even dusting off bicycles from the dark days following the fall of the Soviet Union. [..] While Communist-run Cuba’s universal and free healthcare system has proved key in containing Covid-19, the pandemic has exacerbated shortages of basic goods and a chaotic retail system caused largely by US sanctions and the centralized, state-dominated economy. Cuba’s top epidemiologist, Francisco Durán, said on Monday that mass testing would help better define the prevalence of the coronavirus as many people found to be infected showed no symptoms.

“The objective is to find new cases and then intervene, isolate, seek contacts, and take all possible measures to ensure that Cuba continues as it is now,” he said during his daily virus update broadcast to the nation. Many experts believe Cuba has managed to control the outbreak better than many countries in the region due to its well-staffed preventive healthcare system, mobilization of activists to track cases, a centralized system that allows a better focus, and willingness to quarantine large numbers of people. Cuban scientists announced last week they had adapted a computerized system developed locally to quickly detect antibodies of the new virus, allowing for mass testing in hospitals and clinics at little cost. Until now, the Caribbean island nation has used expensive tests – often donated – that take days to process, old-fashioned door knocking by health personnel and medical students to trace contacts, and isolation.

Read more …

Organizing at a small-scale level works.

How Hong Kong Did It (Atl.)

[..] there is no unchecked, devastating COVID-19 epidemic in Hong Kong. The city beat back the original wave, and also beat back a second resurgence due to imported cases. But unlike in Taiwan or South Korea, this success can’t be attributed to an executive that acted early and with good governance backed by the people. The secret sauce of Hong Kong’s response was its people and, crucially, the movement that engulfed the city in 2019. Seared with the memory of SARS, and already mobilized for the past year against their unpopular government, the city’s citizens acted swiftly, collectively, and efficiently, in effect saving themselves. [..]

On the very day the first known coronavirus case in Hong Kong was announced, the same protest team behind the candidate information sites immediately created a new website—this time to track cases of COVID-19, monitor hot spots, warn people of places selling fake PPE, and report hospital wait times and other relevant information. Many of the key information sources for Hong Kong protesters had been anonymous channels in the popular app Telegram and their own online forums. These anonymous formats protected the protesters from government repression but created a constant threat of misinformation, as someone could always pretend to be a protester or just be wrong or trolling.

Consequently, the protesters learned to become incessant fact-checkers, used to looking up multiple sources and critically analyzing information. Now they turned their powers to critical analysis to the coronavirus: criticizing their own officials, as well as the World Health Organization, which did not advise wearing masks or travel restrictions, and China, which they saw as covering up the initial epidemic (they were right on all counts). In response to the crisis, Hong Kongers spontaneously adopted near-universal masking on their own, defying the government’s ban on masks. When Lam oscillated between not wearing a mask in public and wearing one but incorrectly, they blasted her online and mocked her incorrect mask wearing.

In response to the mask shortage, the foot soldiers of the protest movement set up mask brigades—acquiring and distributing masks, especially to the poor and elderly, who may not be able to spend hours in lines. An “army of volunteers” also spread among the intensely crowded and often decrepit tenement buildings to install and keep filled hand-sanitizer dispensers. When the government refused at first to close the border with mainland China, more than 7,000 medical workers went on an unprecedented strike, demanding border closures and PPE for hospital workers. This strike was only possible because labor unions were formed during the protests. Now they came in handy for collective action.

Read more …

Since the recovery is 100% sure to be uneven, the ‘Existential Threat’ is inevitable.

EU Faces ‘Existential Threat’ If Coronavirus Recovery Is Uneven (G.)

The risk of an uneven economic recovery from the coronavirus crisis poses an “existential threat” to the European Union, one of its most senior economic policymakers has said. Paolo Gentiloni, a former Italian prime minister and now the EU’s economy commissioner, said the bloc also had a “historic opportunity” as it charts a plan to rescue Europe’s economy. In an interview a few days after the commission said Europe had entered “the deepest economic recession in its history”, Gentiloni said the EU needed a “sound recovery plan” to avoid the risks of economic division. Shuttered shops and factories, grounded planes and stay-at-home consumers as a result of lockdown restrictions mean the EU economy is expected to shrink by 7.5% in 2020, a deeper fall than the 2009 financial crisis.

Gentiloni is concerned that countries do not have the same resources to recover from this economic shock. The hardest hit countries – Greece, Italy, Spain and Croatia – face falls in economic output (GDP) in excess of 9% in 2020, while Germany’s economy is set to contract by 6.5% and Austria’s by 5.5%. Meanwhile countries have varying levels of state resources to rescue ailing companies and pay workers’ wages – emergency measures that have become easier since Brussels relaxed state aid rules to deal with the crisis. Gentiloni said state aid requests from EU member states were very imbalanced.

“What is clear is the uneven level of the recovery and the risks this creates to our single market and the necessary convergence, especially within the euro area. This is something that I could even define as an existential threat to the building of the Union,” he told a group of European newspapers, including the Guardian. “If we want to look from a more optimistic way it is not only an existential threat but also in some sense a historic opportunity to fill the void we have in common tools of economic and fiscal policies.”

Read more …

Good.

China’s April Air Passenger Numbers Down 68.5% Year-on-Year (R.)

China’s passenger numbers fell 68.5% in April from a year ago, for a drop smaller than in March, the aviation regulator said on Wednesday, pointing to a fragile industry recovery from the coronavirus pandemic as other nations reopen economies. The global tourism industry is closely watching trends in China for clues to travel patterns in other major markets as countries race to lift travel curbs. Air passengers numbered 16.72 million in April, Xiong Jie, a spokesman of the Civil Aviation Administration of China, told an online news conference. That compared with a decline of 71.7% on the year in March, when passengers numbered 15.13 million.


China’s tourism sector showed encouraging signs of recovery over the May Day holiday with 115 million trips made, many by car and by younger people emerging from weeks of virus lockdown measures. More than 30% of capacity has returned in the Chinese domestic market in the last two months, aviation data provider Cirium said on Tuesday. But the number of passenger flights in China has not yet recovered to 60% of the levels seen in past years, Jin Junhao, another CAAC official, sadi during Wednesday’s conference.

Read more …

There are few places where you’re more likely to get infected than inside a plane (or a train, subway).

US Airlines Tell Crews Not To Force Passengers To Wear Masks (R.)

The top three U.S. airlines have told their flight attendants not to force passengers to comply with their new policy requiring face coverings, just encourage them to do so, according to employee policies reviewed by Reuters. American Airlines , Delta Air Lines and United Airlines have told employees that they may deny boarding at the gate to anyone not wearing a face covering, and are providing masks to passengers who do not have them, the three carriers told Reuters. Inside the plane, enforcement becomes more difficult.

“Once on board and off the gate, the face covering policy becomes more lenient. The flight attendant’s role is informational, not enforcement, with respect to the face covering policy,” American told its pilots in a message seen by Reuters explaining its policy, which went into effect on Monday. “Bottom line to the pilots: a passenger on board your aircraft who is being compliant with the exception of wearing a face covering is NOT considered disruptive enough to trigger a Threat Level 1 response,” referring to some kind of intentional disruption by a passenger that could cause the captain to divert the flight. American spokesman Joshua Freed said: “American, like other U.S. airlines, requires customers to wear a face covering while on board, and this requirement is enforced at the gate while boarding. We also remind customers with announcements both during boarding and at departure.”

[..] U.S. travel demand has fallen by about 94% in the midst of the coronavirus pandemic, prompting carriers to slash their flying schedules to roughly 30% of normal this month. With fewer planes in the skies, some are flying near capacity. Global airlines body IATA came out last week in favor of passengers wearing masks onboard, as debate intensifies in the United States on the role that government agencies should play in mandating new safety measures for flying before a vaccine is developed.

Read more …

Certainly in 2016, there was no way to become US ambassador to Ukraine without the approval of Victoria Nuland et al. So another “hero” falls.

Contacts Exposed Between US Kyiv Embassy, Yovanovitch, Burisma (Solomon)

During President Trump’s impeachment, former U.S. Ambassador Marie Yovanovitch testified to Congress that she knew little beyond an initial briefing and “press reports” about Burisma Holdings, the Ukrainian natural gas firm that had hired Vice President Joe Biden’s son Hunter and was dogged by a corruption investigation. “It just wasn’t a big deal,” she declared under oath on Oct. 11, 2019. But newly unearthed State Department memos obtained under the Freedom of Information Act show Yovanovitch’s embassy in Kiev, including the ambassador herself, was engaged in several discussions and meetings about Burisma as the gas firm scrambled during the 2016 election and transition to settle a long-running corruption investigation and polish its image before President Trump took office.

Yovanovitch, for instance, was specifically warned in an email by her top deputy in September 2016 — three years before her testimony — that Burisma had hired an American firm with deep Democratic connections called Blue Star Strategies to “rehabilitate the reputation” of the Ukrainian gas firm and that it had placed “Hunter Biden on its board,” the memos show. She also met directly with a representative for Burisma in her embassy office, less than 45 days before Trump took office, a contact she did not mention during her impeachment deposition. The discussions about Burisma inside Yovanovitch’s embassy were so extensive, in fact, that they filled more than 160 pages of emails, memos and correspondence in fall 2016 alone, according to the State Department records obtained under FOIA by the conservative group Citizens United.

[..] The impeachment hearings last fall, which focused on efforts by Trump and his lawyer Rudy Guiliani to find evidence inside Ukraine on the Bidens and Burisma and to remove Yovanovitch from her job as U.S. ambassador, included testimony from Yovanovitch herself. During that deposition in October 2016, she made no mention of direct contact with Burisma representatives and instead suggested her knowledge about the company and its legal travails was limited mostly to a briefing she received in preparation for Senate confirmation as ambassador in summer 2016 and subsequent news media reports.

Read more …

Curious decision.

Judge Delays Flynn Dismissal Decision, Invites Outside Opinions (JTN)

US District Judge Emmet Sullivan on Tuesday delayed a decision on whether to dismiss Michael Flynn’s conviction for lying, indicating he plans to allow for the submission of outside opinions in the form of amicus curiae briefs. Last week, the Justice Department moved to drop the charges against Trump’s former national security advisor, but the judge’s plan to allow for the submission of friend of the court briefs means that the case will not be closed immediately. Sullivan has not issued a decision on the DOJ’s request to drop the charges. Flynn’s legal team blasted the idea of allowing for the submission of amicus briefs, which allow for parties interested in but not involved in a case to present their views.


“It is no accident that amicus briefs are excluded in criminal cases,” Flynn’s lawyers wrote in a filing according to The Hill. “A criminal case is a dispute between the United States and a criminal defendant. There is no place for third parties to meddle in the dispute, and certainly not to usurp the role of the government’s counsel. For the Court to allow another to stand in the place of the government would be a violation of the separation of powers.” Flynn in 2017 pleaded guilty to lying to the FBI, but later sought to withdraw his guilty plea. Evidence that has since emerged suggested the FBI had no case against Flynn but set up an interview in hopes it would catch him lying, his lawyers and Justice officials have said.

Read more …

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Nov 232019
 
 November 23, 2019  Posted by at 2:14 pm Finance, Primers Tagged with: , , , , , , , , , , ,  15 Responses »


Salvador Dali Back the girl 1926

 

It wouldn’t be the first time we ask ourselves what American journalism has come to, but that question sure appears relevant today. There are again new accusations floating around about Trump. And of course we are all weary by now, after the Russiagate bomb and the Ukraine fizzle, but okay, let’s take a look.

There is a newfangled poetically named “ethics watchdog” named American Oversight, which has received some documents after a FOIA request. And everybody’s talking about it! So it must be real interesting, right? The word bombshell comes to mind. Or at least, the minds of much of the press. There’s the BBC:

The US State Department has released records relating to the Trump administration’s dealings with Ukraine. Documents were released to the ethics watchdog American Oversight after a freedom of information request. The records show repeated contacts between Secretary of State Mike Pompeo and Mr Trump’s personal lawyer Rudy Giuliani. US ties with Ukraine are at the centre of an impeachment investigation against Mr Trump.

The president is accused of withholding aid to Ukraine that had been approved by Congress to pressure the country into investigating his political rival Joe Biden. Mr Giuliani has been accused of trying to discredit former Ukraine ambassador Marie Yovanovitch while running a shadow US foreign policy on Ukraine. There have been questions over what Secretary of State Mike Pompeo knew.

The records show Mr Pompeo and Mr Giuliani repeatedly spoke to one another – although the topics of those conversations remain unknown. Emails among the documents suggest the pair spoke on the phone on 27 and 29 March.

And the Guardian:

Donald Trump’s personal lawyer Rudy Giuliani was in contact with secretary of state Mike Pompeo in the months before the US ambassador to Ukraine was abruptly recalled, according to a cache of documents released on Friday. The state department released the documents to the group American Oversight in response to a freedom of information lawsuit. They show that Pompeo talked with Giuliani on 26 March and 29 March.


Austin Evers, executive director of American Oversight, said the documents reveal a clear paper trail from Giuliani to Trump to Pompeo in order to enable the smear campaign against the now ousted envoy in Kyiv, Marie Yovanovitch. “We can see why Mike Pompeo has refused to release this information to Congress. It reveals a clear paper trail from Rudy Giuliani to the Oval Office to secretary Pompeo to facilitate Giuliani’s smear campaign against a US ambassador,” he said.

As well as NBC:

The allegations of a pressure campaign by Trump to get the Ukrainians to announce investigations into a conspiracy theory about the 2016 presidential election and the Bidens are central to the impeachment inquiry into whether Trump abused the power of his office for personal political gain.

The documents released Friday appear to confirm that Pompeo and Giuliani spoke on the phone on March 26, and that another call was scheduled between the two men for March 29 and that it took place. One email appears to show Trump’s former personal assistant, Madeleine Westerhout, helping to connect Giuliani to Pompeo after there was trouble establishing a connection.

The documents do not say what Giuliani and Pompeo discussed. The March 29 call was scheduled for 20 minutes but lasted just four minutes, according to the documents, and the March 26 call was also just minutes long, the emails show.

When I first saw this all this morning I thought: let it go, and I’m thinking just that again right now. Look, Pompeo and Giuliani talking to each other for just minutes (and to their boss!) is hardly a crime. Unless they talk about committing crimes, but you don’t even know what was discussed! That a group which calls itself nonpartisan connects these calls to Giuliani’s alleged smear campaign against Yovanovich is a bit more puzzling.

Because a president doesn’t need any reason to fire an ambassador. He gets the permission to do that the moment he’s first elected and then inaugurated. He doesn’t have to explain. Getting Giuliani in there doesn’t look like Trump’s best moment, but it’s inconsequential from a legal point of view.

Another allegation that’s being repeated is that Giuliani et al were looking to dig up dirt against Joe Biden and his family, with an eye to the 2020 election. But, again, is that so? Wasn’t perhaps finding out what the most corrupt company in the world’s third-most corrupt country, which receives billions in US aid, was up to in 2016, or today for that matter, the real intention?

Why should we believe it was about 2020, and not 2016? Are there perhaps American interests who don’t want Burisma investigated? And are they perhaps behind the accusation that links that investigation to 2020, so there won’t be an investigation? Shouldn’t we all want to find out what went on?

 

Another story connected to this is that Minority House Leader David Nunes in Vienna met with Victor Shokin, the former Ukraine prosecutor who was fired mere hours after Joe Biden demanded he be. Moon of Alabama asked earlier today on Twitter if anyone has ever seen evidence that Shokin was corrupt, as Biden and others have claimed. I come up empty on that one. Here’s NBC on Nunes’s trip:

The attorney for an indicted associate of President Donald Trump’s personal lawyer says his client is willing to tell Congress that Rep. Devin Nunes, R-California, met with Ukraine’s former top prosecutor about investigating the activities of Joe Biden and his son, Hunter Biden.

An impeachment inquiry is being conducted over allegations Trump held up aid to Ukraine to encourage its leaders to launch an investigation into Biden and his son, Hunter Biden, who worked as an energy executive in that country. As vice president, Joe Biden joined a chorus of global pressure for Ukraine to fire then-state prosecutor Victor Shokin.

Trump and Nunes, his chief defender as a ranking member of the House Intelligence Committee that has taken a lead role in the impeachment inquiry, say Joe Biden wanted Shokin out to protect his son when Hunter Biden’s employer, Burisma, was under suspicion. Shokin himself claims he was fired at the behest of the former vice president to ease pressure on Burisma and Hunter Biden.

Joseph A. Bondy, an attorney for Lev Parnas, the indicted associate of Rudy Giuliani, Trump’s personal lawyer, confirmed that his client was willing to testify before Congress that Nunes met with Shokin. “I can confirm that Victor Shokin told Lev Parnas that he had met with Nunes in Vienna in late 2018, and that Derek Harvey informed that they were investigating the activities of Joe and Hunter Biden related to Burisma,” Bondy told NBC News. Derek Harvey is Nunes’ investigator.

There are a lot of people out there who don’t like Devin Nunes. Which is fine. But claiming that he committed a crime or something in that vein just by talking, with his investigator, to Shokin about Burisma, that’s a whole other thing.

This entire topic appears to be founded on an idea that many people have convinced themselves and others of, that the Trump administration doesn’t have the right to investigate what happened in the past, because it might affect the future. It would seem they DO have that right, though.

It would also seem that they couldn’t rely on existing diplomatic staff in Ukraine and Europe to investigate Burisma. Schiff’s impeachment witnesses made that abundantly clear. So if they do investigate on their own, are they breaking laws, or are they merely breaking a protocol that suits some people just fine?

American Oversight has promised much more: “The evidence is only going to get worse for the administration as its stonewall strategy collapses in the face of court orders..”. Alright, fine, let’s see it. But it had better be better than this. You have to come with facts. Certainly after two failed investigations.

“Giuliani talked to Pompeo” may be a fact, but if you have no idea what they talked about, it’s a useless fact, that at most you can use to whip up more empty frenzy. And we know, it’s clickbait, and it sells papers and TV ads, but really, what are we watching, what has American journalism come to? What happened to finding evidence first, and reporting on it after?

 

 

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Nov 232019
 
 November 23, 2019  Posted by at 9:44 am Finance Tagged with: , , , , , , , ,  9 Responses »


Dorothea Lange Drought hit OK farm family on way to CA Aug 1936

 

Former Ukraine MP: Bidens Got $12M Kickback From Burisma Owner (CDM)
MSM Ignores Hunter Biden Buds’ $130 Million Taxpayer Cookie Jar Raid (ZH)
The Ukrainian Influence-Peddling Rings, Part 2 (Stockman)
Responding to Lt. Col. Vindman About My Ukraine Columns (Solomon)
The Storms of December (Kunstler)
‘No One Out There’: The Democrats’ Lack Of Star Power (G.)
The All-Women MSNBC Debate Panel Was a Right-Wing Disaster (Lazare)
JFK’s Vision For The Future (Ehret)
The Next Wave of Debt Monetization Will Be a Disaster (Lacalle)
Barr Says Epstein Died By A Series Of Coincidences (CJ)
Light Pollution Is Key ‘Bringer Of Insect Apocalypse’ (G.)

 

 

There’s a new Orange Man Bad “bombshell” going around, something about Giuliani and Mike Pompeo being in cahoots about Ukraine and “dirt on Biden”. It’s trying to make John Solomon part of the “conspiracy” as well. You’ll hear a lot about it. Meanwhile, CD Media continues:

Former Ukraine MP: Bidens Got $12M Kickback From Burisma Owner (CDM)

Update: In further clarification of information provided, CD Media can now report that the $32M referenced below was sent to London, where it was seized by British officials and criminal charges were levied against Zlochevsky. Vice President Biden actively sought to have the charges thrown out in the United Kingdom for Zlochevsky in exchange for the $12M being diverted to Hunter Biden, according to Onyshchenko. Hunter Biden was then brought onto the board of directors at Zlochevsky’s company Burisma and received further payments of $3.1M over a period of months.

KYIV — Former Ukrainian MP Oleksandr Onyshchenko has provided CD Media with information on a transaction in 2013 where Biden family-related companies allegedly received a $12 million illegal kickback while Joe Biden was Vice President of the United States. Onyshchenko alleges the payment was made to gain Biden’s influence in affairs of the group of companies called Burisma owned by Ukrainian oligarch Mykola Zlochevsky, who sold a port facility in Ukraine and shifted partial proceeds of the sale to Hunter Biden. CD Media has already reported on ‘off the books’ payments to Hunter Biden by Burisma.

Onyshchenko alleges that during the sale of the port of Kherson on the Dnepr River in Ukraine in 2013 for approximately $32M, Biden received $12M of that amount illegally. Onyshchenko declared to CD Media that he is providing this information on the money flows to Biden to the U.S. Department of Justice

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It wasn’t all Burisma.

MSM Ignores Hunter Biden Buds’ $130 Million Taxpayer Cookie Jar Raid (ZH)

On Thursday, the Washington Examiner reported that an investment firm central to Hunter Biden’s financial dealings received more than $130 million in federal bailout loans while Joe Biden was vice president. Rosemont Capital – named after former Secretary of State John Kerry’s 90-acre Heinz family estate outside of Fox Chapel, Pennsylvania – was founded by Hunter Biden, Christopher Heinz, and longtime friend Devon Archer. According to the report, Rosemont was one of just 177 firms to participate in Obama’s 2009 Term Asset-Backed Securities Loan Facility (TALF), which issued billions of dollars in favorable loans to investors who agreed to buy bonds from struggling banks, including college and auto loans.

“The Federal Reserve funded as much as 90% of the investments. If the bonds were profitable, the borrowers benefited. If not, the department agreed to take over the depreciated assets with no repercussions for the borrowers. Under the terms for the program, any U.S. company looking to invest in select categories of bonds was eligible to apply for the loans. However, the Treasury Department and Federal Reserve maintained the “right to reject a borrower for any reason,” and the internal selection process was criticized by some lawmakers as opaque and open to corruption. One of the firms that benefited was Rosemont Capital, a company led by Hunter Biden’s business partners, Chris Heinz and Devon Archer. The firm received the loans at a crucial time for Hunter Biden. The younger Biden had stepped down from his lobbying business in late 2008, reportedly due to pressure on his father’s vice presidential campaign.” -Washington Examiner

And while the Examiner reviewed “federal banking and corporate records” for their report, the MSM is completely silent about this obvious graft. CNN, NBC, MSNBC, ABC, CBS and FOX have all been radio silent on this report.

Read more …

Davis Stockman in excellent -long- form. There’s a link to part 1 in the article.

The Ukrainian Influence-Peddling Rings, Part 2 (Stockman)

Sometimes you need to call a spade a spade, and Tuesday’s testimony before Adam’s Schiff Show by former NSC official Tim Morrison is just such an occasion. In spades! In his opening statement, this paranoid moron uttered the following lunacy, and it’s all you need to know about what is really going on down in the Imperial City. “I continue to believe Ukraine is on the front lines of a strategic competition between the West and Vladimir Putin’s revanchist Russia. Russia is a failing power, but it is still a dangerous one. The United States aids Ukraine and her people so they can fight Russia over there and we don’t have to fight Russia here.”

Folks, that just plain whacko. The Trump-hating Dems are so feverishly set on a POTUS kill that they have enlisted a veritable posse of Russophobic, right-wing neocon cretins – Morrison, Taylor, Kent, Vindman, among others – to finish off the Donald. But in so doing they have made official Washington’s real beef against Trump crystal clear; and it’s not about the rule of law or abuse of presidential power or an impeachable dereliction of duty. To be sure, foolish politicians like Adam Schiff, Jerry Nadler and the Clintonista apparatus at the center of the Dem party are so overcome with inconsolable grief and anger about losing the 2016 election to Trump that their sole purpose in life is to drive the Donald from office. But that just makes them “useful idiots” or compliant handmaids of the Deep State, which has a far more encompassing and consequential motivation.

To wit, whether out of naiveté, contrariness or just plain common sense, the Donald has declined to embrace the War Party’s Russian bogeyman and demonization of Putin. He thereby threatens the Empire’s raison d’être to the very core. Indeed, that’s the real reason for the whole concerted attack on Trump from the Russian Collusion hoax, through the Mueller Investigation farce to the present UkraineGate and impeachment inquisition. The Deep State deeply and profoundly fears that if Trump remains in office – and especially if he is elected with a new mandate in 2020 – he might actually make peace with Russia and Putin. So in Part 1 we advert to the basics. Without the demonization of Russia, Ukraine would be the no count failed state and cesspool of corruption it actually is, and not a purported “front line” buffer against Russian aggression.

Likewise, it would not have been a recipient of vast US and western military and economic aid – a condition that turned it into a honeypot for the kind of Washington influence peddling which ensnared the Bidens, induced its officials to meddle in the 2016 US election, and, in return, incited Trump’s justifiable quest to get to the bottom of the malignancy that has ensued.

Read more …

I have no space for all 28 “primary factual elements” here. But do read them.

Responding to Lt. Col. Vindman About My Ukraine Columns (Solomon)

I honor and applaud Army Lt. Col. Alexander Vindman’s service to his country. He’s a hero. I also respect his decision to testify at the impeachment proceedings. I suspect neither his service nor his testimony was easy. But I also know the liberties that Lt. Col. Vindman fought on the battlefield to preserve permit for a free and honest debate in America, one that can’t be muted by the color of uniform or the crushing power of the state. So I want to exercise my right to debate Lt. Col. Vindman about the testimony he gave about me. You see, under oath to Congress, he asserted all the factual elements in my columns at The Hill about Ukraine were false, except maybe my grammar

Here are his exact words: “I think all the key elements were false,” Vindman testified. Rep. Lee Zeldin, R-N.Y, pressed him about what he meant. “Just so I understand what you mean when you say key elements, are you referring to everything John Solomon stated or just some of it?” “All the elements that I just laid out for you. The criticisms of corruption were false…. Were there more items in there, frankly, congressman? I don’t recall. I haven’t looked at the article in quite some time, but you know, his grammar might have been right.” Such testimony has been injurious to my reputation, one earned during 30 years of impactful reporting for news organizations that included The Associated Press, The Washington Post, The Washington Times and The Daily Beast/Newsweek.

And so Lt. Col. Vindman, here are the 28 primary factual elements in my Ukraine columns, complete with attribution and links to sourcing. Please tell me which, if any, was factually wrong.

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“The parade of State Department diplomats in charge of this-and-that suggests that Ukraine is virtually an occupied territory.”

The Storms of December (Kunstler)

If the senate majority poohbahs were wise, they would warmly welcome a trial based on articles of impeachment, which would, of course, feature no artificial limits on the witness list, nor on questions that might be asked. The list might start with the UkraineGate “Whistleblower.” Among the many untruths uttered by Adam Schiff was the nonexistent law that gave that shadowy figure a right to anonymity. And besides, in any trial based on due process, the accused has an absolute right to face his accuser. Oddly, a month ago Mr. Schiff was avid to stick his “Whistleblower” in the witness chair, and perhaps not with a black hood over his head.

Then it was discovered that the “Whistleblower” had been consorting at least with Mr. Schiff’s staff members before blowing his fabled whistle, and that they had likely assisted in the assembly of his complaint, and in connecting him to the right lawyers in the Great Blue Okefenokee backwaters of DC lawyerdom, and, naturally, nobody from sea to shining sea over age nine who had paid attention to these antics believed that Mr. Schiff could not know who this “Whistleblower” was. Likewise, the brave Col. Vindman. Both of them deserve some time in a senate witness chair, and Mr. Schiff especially is due some sort of penalty for subjecting the country to his three years of dishonorable, seditious shenanigans — beginning with expulsion from the House and perhaps proceeding to a trial of his very own.

These UkraineGate hearings of the past two weeks raised some additional questions that have not otherwise been aired much in the public arena, chiefly, exactly how much does the US government seek to control the affairs of Ukraine? And how did we become the superintendent of this partially failed state? The parade of State Department diplomats in charge of this-and-that suggests that Ukraine is virtually an occupied territory. Do we realistically suppose that, in the natural course of things, we can shield Ukraine forever from the influence of its neighbor (and former sovereign), Russia?

Read more …

Bit of a problem perhaps.

‘No One Out There’: The Democrats’ Lack Of Star Power (G.)

Too old. Too young. Too white. Too leftwing. Anxiety over Democrats’ failure to find a standout candidate is raising fears that, despite astounding unpopularity and potential impeachment, Donald Trump could win re-election by default. The Democratic primary’s top tier of candidates does not include a person of colour even in the biggest and most diverse field in history. The leader of national opinion polls turned 77 this week and delivered another stumbling debate performance while fending off questions about his son’s foreign business dealings. The poll leader in Iowa, which will get the first say, is the 37-year-old mayor of a small city who in some surveys is polling close to zero with African American voters.

Two more septuagenarians have seen their momentum stall amid criticism that their healthcare reforms are too radical and unaffordable. And then there are two last-minute would-be saviours: an ageing billionaire from New York and a former east coast governor who this week cancelled a campaign event when only two people showed up. Watching it all with glee are Trump and Republicans, hardly able to believe their luck that they might not have to win next year’s election so much as watch Democrats lose it, just as Hillary Clinton did by failing to motivate turnout in crucial states in 2016. This week’s debate in Atlanta showed that the party is struggling again to find a nominee as inspiring as Barack Obama. “When I ask my students, is there anyone on that debate stage tonight who you see as being presidential, most of them say no, there’s no one out there,” said Monika McDermott, a political science professor, at Fordham University in New York.

“And they’re political junkies so they know as much as any of us do. ..] Indeed, Trump is showing resilience in the polls. A survey of 801 registered voters by the Marquette Law School in the all-important state of Wisconsin over 13-17 November showed only the long shot Cory Booker beating Trump in a head-to-head match up (45% to 44%). The president led Biden 47% to 44%, Sanders 48% to 45%, Warren 48% to 43% and Buttigieg 47% to 39%. John Zogby, a Democratic pollster, said: “In most polls nationwide and in the key states, the president is competitive against every one of the major candidates. The Democrats are still kind of fumbling for a message: it’s really not enough to be against Trump.

Read more …

Anything that has Rachel Maddow in it is a disaster.

The All-Women MSNBC Debate Panel Was a Right-Wing Disaster (Lazare)

The fifth Democratic presidential debate received an outpouring of praise for its all-woman cast of moderators: Rachel Maddow and Andrea Mitchell of MSNBC, Ashley Parker of the Washington Post, and Kristen Welker of NBC. Writing in the Nation, Joan Walsh asserted that the event “showed us what American political life would look like if women’s concerns were routinely at the center of the conversation.” “Democratic Debate Moderator Panel Of All Women Is Celebrated By Viewers,” reads a Huffington Post headline. “Female moderators = more questions to the rights and burdens of women,” tweeted Clara Jefferey, editor in chief of Mother Jones. “When all the moderators are women, issues that affect women get more attention. Funny how that works,” said Michelangelo Signorile, host of the Michelangelo Signorile Show.

The idea that women’s representation in itself — regardless of who those women are — is a boon to women everywhere is hardly new to US political discourse. But what makes the fawning over the November 20 debate particularly tone-deaf is that the moderators’ questions were both inane and right-wing. Their inquiries were almost entirely premised on defending the benevolence of US empire, marginalizing political positions deemed too far left, and asking “gotcha” questions from the right on issues from health care to immigration. Trapped within these ideological constraints, the debate actually struck a blow against feminism — and was a blessing to the forces of chauvinism and austerity.

[..] Andrea Mitchell was responsible for another low point in the moderation when she said: “President Trump has dramatically changed America’s approach to our adversaries by holding summits with Kim Jong-un, getting out of the Iran nuclear deal, and at times embracing Vladimir Putin and other strongmen. So let’s talk about what kind of commander-in-chief you would be. Senator Harris, North Korea is now threatening to cancel any future summits if President Trump does not make concessions on nuclear weapons. If you were commander in chief, would you make concessions to Kim Jong-un in order to keep those talks going?” Mitchell has long doubled as a stenographer for the national security state, but this question was hawkish even by her standards.

Read more …

Don’t fight the Deep State. It’s bad for your health.

JFK’s Vision For The Future (Ehret)

Wall Street’s Dulles Brothers who together ran the CIA and the State Department had made several major efforts to sabotage Kennedy’s “new frontiers” initiative that gripped the imaginations of young and old alike. Kennedy’s program was driven by large scale infrastructure at home and advanced scientific and technological progress in the Developing sector abroad. Attempting to break that trajectory, Allen Dulles had prepared the Bay of Pigs invasion of Cuba months before Kennedy entered the scene which was a near disaster for the world.

Just days before Kennedy’s inauguration, Allan Dulles ensured that a pro-Kennedy ally who had just recently gained power in the Congo named Patrice Lumumba was assassinated in cold blood knowing that JFK would be blamed, and every effort was made to back up the French fascists trying to stop the Algerian independence movement behind JFK’s back. Both the Cuban invasion and the assassination of Lumumba have been blamed on Kennedy to this day. In response to this treachery, JFK made the bold move of firing CIA director Allan Dulles, and two Wall Street-connected CIA directors on November 29, 1961 saying that he would soon “splinter the C.I.A. in a thousand pieces and scatter it to the winds.”

Recognizing the insanity of the zero sum Cold Warriors who could only look at the world through the perversity of a Hobbesian leans of “each against all”, JFK not only stood alone against the entire array of war-hungry Joint Chiefs calling for war with Russia during the infamous “13 day showdown” and parodied by Kubrick’s brilliant Dr. Strangelove, but also took the advice of Generals MacArthur, and Charles de Gaulle who warned him to avoid all entrapments of a “land war in Vietnam”. On this point, JFK introduced NSAM 263 in October 1963 to begin a full withdrawal from Southeast Asia.

https://twitter.com/i/status/1197290359228944384

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All these waves have been.

The Next Wave of Debt Monetization Will Be a Disaster (Lacalle)

According to the IMF (International Monetary Fund) and the IIF (Institute of International finance), global debt has soared to a new record high. The level of government debt around the world has ballooned since the financial crisis, reaching levels never seen before during peacetime. This has happened in the middle of an unprecedented monetary experiment that injected more than $20 trillion in printed money into the economy and lowered interest rates to the lowest levels seen in history. The balance sheet of the major central banks rose to levels never seen before, with the Bank of Japan at 100 percent of the country’s GDP, the European Central Bank (ECB) at 40 percent, and the Federal Reserve at 20 percent.

If this monetary experiment has proven anything it’s that lower rates and higher liquidity are not tools to help deleverage debt, but to incentivize it. Furthermore, this dangerous experiment has proven that a policy that was designed as a temporary measure due to exceptional circumstances has become the new norm. The so-called normalization process of raising interest rates lasted only a few months in 2018, only for asset purchases and rate cuts to resume. Despite the largest fiscal and monetary stimulus in decades, global economic growth is weakening, and the productivity growth of leading economies is close to zero. Money velocity, a measure of economic activity relative to money supply, thus, goes down.

It’s been explained many times why this happens. Low rates and high liquidity are perverse incentives to push the crowding-out of the private sector by government; they also perpetuate overcapacity due to endless refinancing of non-productive and obsolete sectors to lower rates, and the number of zombie companies—those that cannot pay their interest expenses with operating profits—rises.

Read more …

Barr is simply saying you’ll never find out. Too many “upstanding” people would be damaged goods.

Barr Says Epstein Died By A Series Of Coincidences (CJ)

In an interview with Associated Press, US Attorney General William Barr put all conspiracy theories to rest once and for all by assuring the world that alleged sex trafficker and alleged billionaire Jeffrey Epstein’s death was simply the result of a very, very, very long series of unfortunate coincidences. “I can understand people who immediately, whose minds went to sort of the worst-case scenario because it was a perfect storm of screw-ups,” Barr told AP on Thursday.

This perfect storm of unlucky oopsies include Epstein being taken off suicide watch not long after a previous suicide attempt and shortly before his successful suicide, suggestions that the first attempt may have actually been an assault via attempted strangulation inflicted by someone else, two security guards simultaneously falling asleep on the job when they were supposed to be checking on Epstein, one of those guards not even being an actual security guard, security footage of two cameras outside Epstein’s cell being unusable due to a mysterious technical glitch, at least eight Bureau of Prisons officials knowing Epstein wasn’t meant to be left alone in his cell and leaving him alone in his cell anyway, Epstein’s cellmate being transferred out of their shared space the day before Epstein’s death, Epstein signing a will two days before his death, unexplained injuries on Epstein’s wrists and shoulder reported by his family after the autopsy, and a forensic expert who examined Epstein’s body claiming that his injuries were more consistent with homicide than suicide.

“The attorney general also sought to dampen conspiracy theories by people who have questioned whether Epstein really took his own life, saying the evidence proves Epstein killed himself,” AP reports. “He added that he personally reviewed security footage that confirmed that no one entered the area where Epstein was housed on the night he died. Well if reporting that he’s reviewed footage which we were previously told didn’t exist isn’t enough to dampen those kooky conspiracy theories, I don’t know what is. So there you have it. The US government says that an intelligence asset with damning information on many powerful individuals did in fact kill himself due to an admittedly bizarre and wildly unlikely series of strange coincidences. I for one have no more questions. Checkmate, conspiracy theorists.

Read more …

The whole world as a Christmas tree.

Light Pollution Is Key ‘Bringer Of Insect Apocalypse’ (G.)

Light pollution is a significant but overlooked driver of the rapid decline of insect populations, according to the most comprehensive review of the scientific evidence to date. Artificial light at night can affect every aspect of insects’ lives, the researchers said, from luring moths to their deaths around bulbs, to spotlighting insect prey for rats and toads, to obscuring the mating signals of fireflies. “We strongly believe artificial light at night – in combination with habitat loss, chemical pollution, invasive species, and climate change – is driving insect declines,” the scientists concluded after assessing more than 150 studies. “We posit here that artificial light at night is another important – but often overlooked – bringer of the insect apocalypse.”


However, unlike other drivers of decline, light pollution was relatively easy to prevent, the team said, by switching off unnecessary lights and using proper shades. “Doing so could greatly reduce insect losses immediately,” they said. Brett Seymoure, a behavioural ecologist at Washington University in St Louis and senior author of the review, said: “Artificial light at night is human-caused lighting – ranging from streetlights to gas flares from oil extraction. It can affect insects in pretty much every imaginable part of their lives.” Insect population collapses have been reported in Germany and Puerto Rico, and the first global scientific review, published in February, said widespread declines threatened to cause a “catastrophic collapse of nature’s ecosystems”. The latest review says: “Insects around the world are rapidly declining. Their absence would have devastating consequences for life on this planet.”

Read more …

 

A poster that was put up around Houston in the weeks before JFK visited.

 

 

 

 

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Nov 222019
 
 November 22, 2019  Posted by at 2:24 pm Finance Tagged with: , , , , , , , , , , , , ,  20 Responses »


Claude Monet O Rio 1881

 

Jeremy Corbyn’s Labour party presented a big plan yesterday which, as the Guardian ever so subtly put it, “would mean the UK having a bigger state than Germany”. My first reaction to it is that this is inevitable. My second reaction is that it is also too early.

After decades of being squeezed by both the Tories and Tony Blair’s “New” Labour, both the British themselves, and their economy, are so parched that they will vote for something like Corbyn’s plan at some point. Unavoidable. The same on all counts I think is true for Bernie Sanders’ plans.

The wealthier classes don’t appear to be smart enough to understand that they can’t take it all, that they have to leave something for everybody else. But there’s no brake on such currents, they all get carried away, it happens all the time. One side takes too much, and the other side fights back.

Still, while what leads to Corbyn and Sanders rising may be the same, the reasons they fail to attract enough votes is different. In the US, people start shouting: socialism, communism, or maoism, leninism, stalinism, and that will do. These words are fully interchangeable for 99.9% of Americans. If there are 3 of them left that know the difference, you’re lucky.

The reason Sanders is popular is to a large extent that his Democrat competitors are so godawful. For Corbyn, there are other factors in play. But first, a bit about that plan:

Jeremy Corbyn Urges Public To Vote For ‘Manifesto Of Hope’

Jeremy Corbyn has urged the public to vote for his “manifesto of hope” as he unveiled plans for the most dramatic increase in tax and spending in more than half a century if Labour wins power next month’s general election. In an upbeat launch event at Birmingham City University, the Labour leader said he welcomed the hostility of the billionaires, bad bosses and dodgy landlords who would lose out from his policies. Experts were taken aback by the scale of Labour’s spending plans, which dwarfed the substantial increase in the size of the state envisaged in the party’s 2017 manifesto.

“See this [2019] manifesto and vote for the person who’s struggling who you don’t even know,” Corbyn urged the public, adding: “How can any government claim it cares about our country when it cares so little about the people who live here?” With Labour still trailing significantly behind the Conservatives in the polls, party strategists hope the manifesto will help to tempt wavering voters. Corbyn said it was “full of popular policies that the political establishment has blocked for a generation”. The slim red volume, titled It’s Time for Real Change, included a number of fresh announcements, in addition to the policies announced earlier in the campaign. Key plans include:

• Universal free broadband, delivered by part-nationalising BT and paid for with a tax on tech companies.
• An immediate 5% pay rise for public sector workers, plus above-inflation increases for future years.
• 100,000 new council houses a year by the end of the parliament.
• 1 million new jobs as part of a “green industrial revolution”.
• Nationalisation of rail, water and mail, and new powers to allow councils to take control of bus services.

Corbyn promised an “investment blitz”, which he said would leave no part of the country untouched, and suggested the deindustrialisation that begun in the 1980s would be reversed. “Margaret Thatcher’s government wiped out huge swathes of Britain’s industry. We will rebuild it, as green industry,” he said. Torsten Bell, the director of the Resolution Foundation thinktank, said: “This spending increase would be comparable to the first Wilson government and would mean the UK having a bigger state than Germany.”

As the graph shows, the “giant state” idea is not what it’s made out to be, compared to many countries. So on the face of it, what’s not to like for the impoverished millions in Britain? The answer is easy: there has been a large campaign of people perpetuating whole-cloth out of thin air accusations about Corbyn being an anti-semite, including from his own party (Tony Blair and his ilk).

Sure enough, the Brexit campaigners have gone through an entire litany of outrageous claims and promises, but it’s the anti-semite smear that looks likely to decide not only the December 12 elections, but also the Brexit matter. Yeah, that is deplorable. But it’s the time we live in. Some memes are funny, others are seriously misleading, and many strongly influence people’s way of thinking.

In the US, it’s enough to say that Bernie is a socialist or a leninist, in Britain you need a somewhat stronger and bigger cannon. Anti-semitism in just the thing. What makes these smears and/or memes so effective is repetition. At some point people think: I’ve seen this from ten different sources now, that means it must be true. And social media are all about endless repetition, which makes them perfect for the job.

 

That is of course also how they got to Julian Assange. A rape allegation was all it took. And then they waited 9 years to declare it false, by which point he had been silenced, drawn and quartered. Same mechanism. Jeremy Corbyn is no anti-semite, anymore than Julian Assange is a rapist, but that makes no difference whatsoever.

If you manage to plant the seed of an idea, no matter how ridiculous, in enough people’s heads, and then you make sure it’s repeated every day, you can today make anyone believe anything. Perhaps it’s time to re-label “social” media. Really, social? But the term “mass media” has already been taken.

 

And though many people will not be ready to acknowledge it, what goes for Corbyn and Assange also goes for Donald Trump. Only in his case the old mass media have been much more massively involved, not just the new not-so-terribly social media. But that principle is identical: plant an idea in people’s heads and repeat it ad nauseam.

In Trump’s case, it’s been so successful that entire media organizations that were about to croak were revived by it, at least financially. At this point it’s probably good to illuminate the role intelligence agencies play in the entire meme/smear ‘politics’. They are all over it, they hardly even attempt to hide their roles.

In the cases of Assange and Corbyn, there have been no large-scale investigations. In Corbyn’s case, none at all, and in Assange’s case, probes hidden from view that would not stand any legal daylight, in Sweden, the UK and the US. These investigations always seem directed at ‘affirming the accusers’ case, not at finding if the accused are actually guilty of what they are charged with.

As for Trump, we have of course lived through years of Mueller’s probe, which ended in nothing, seamlessly transitioning into Ukrainegate, in which another stream of potential accusers saw the limelight to provide their particular version of what “hearsay” means in legalese.

I’ve remarked before that Adam Schiff’s little theater wouldn have been throw out of a court in one second flat, because there is no proof and hearsay is inadmissible. I also think Corbyn should have taken one of his many accusers to court, simply to have a judge or jury state publicly that he is not a -proven- anti-semite. Assange obviously was never allowed any such route.

And if you looked and listened closely at the Ukrainegate spectacle, it was clear that the Mueller disaster has not closed the RussiaRussia meme/smear. Russia wants to conquer Europe. The president wanting to direct his own foreign policy was anathema for the “regular channel” crowd. “We have this thing that works beautifully”. And it ain’t the Constitution.

 

What Trump has going for him is that IG Michael Horowitz and Special Counsel John Durham are set to release their respective reports on how Russiagate came about. It looks as if they will have to do without any info of Burisma or its links to the Bidens, because the “regular channel” has frustrated efforts into finding out their roles, but then that was never their probes’ concern.

We now have the first allegation against an FBI lawyer for tampering with FISA documents, through the unusual leakage stream of CNN, which happens to employ lots of ex-FBI people. There is no doubt that we’ll see a whole lot more where that came from. It’ll be an entertaining holiday season, because of course the FBI and CIA will want to (pre-emptively) strike back. And they’re all working at CNN et al.

Their problem is they’ve been working this for years now, and came up zilch. The other side is just getting started. Looks like there’ll be more fireworks than candlelight dinners going into 2020. But perhaps it would still be a good idea for Bill Barr to find himself a good meme or smear, just to be sure.

 

 

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Nov 212019
 
 November 21, 2019  Posted by at 9:52 am Finance Tagged with: , , , , , , , , , ,  13 Responses »


Dorothea Lange Missouri drought refugees. Broke, baby sick, car trouble.’ U.S. 99 near Tracy, California 1937

 

Ukraine Expands Probe Into Head Of Firm That Employed Hunter Biden (RT)
Ukrainian MP Claims $7.4 Billion Obama-Linked Laundering (ZH)
Story About Migrant Children Scrubbed As UN Said It Happened Under Obama (RT)
China Says Will Strive To Reach ‘Phase One’ Trade Deal With US (R.)
Do Not Despair of This Election (Craig Murray)
‘Downward Mobility’ A Reality For Many British Youngsters Today (G.)
A Deadly Game of Chicken in Iraq and Lebanon (Cambanis)
Why Won’t Carrie Lam Allow An Independent Inquiry? (SCMP)
Jeffrey Epstein Guests Were Secretly Filmed In Every Bedroom And Toilet (Sun)
China’s Appetite For Coal Power Returns Despite Climate Pledge (G.)

 

 

Fire the prosecutor!

Ukraine Expands Probe Into Head Of Firm That Employed Hunter Biden (RT)

Joe Biden’s son, Hunter, is mentioned in several probes relating to Burisma’s founder, the Ukrainian prosecutor has said, as leaked documents allege that he was part of a money-laundering scheme. Ukrainian Prosecutor General Ruslan Ryaboshapka said that a long-running probe into Mykola Zlochevsky, the founder of Burisma natural gas company, has been expanded to include allegations of large-scale embezzlement of government funds. Hunter Biden sat on the firm’s board of directors. The on-and-off investigation into alleged shady dealings at Burisma was galvanized in August, when Ryaboshapka ordered a review of criminal cases involving the company.

Since the start of an ongoing impeachment inquiry into whether US President Donald Trump offered his Ukrainian counterpart Volodymyr Zelensky a ‘quid pro quo’ of military aid in return for reopening an investigation into Biden, the case has become a critical part of US political discourse. Speaking to reporters on Wednesday, Ryaboshapka said that he did not have any contact with US officials, and was in no way “asked” or “pressured” into going after the Biden family. The prosecutor said that there was no “Burisma case” per se, but noted that investigators have been handling 13 cases related to Zlochevsky. When asked if any of those pertained to Burisma’s legal woes, Ryaboshapka spilled some beans, revealing that the company’s name, as well as that of the younger Biden, have popped up in “several” of those cases.

While the prosecutor has yet to provide any additional details as to why Biden’s name was included in the papers, in a separate press conference two Ukrainian MPs claimed they had obtained documents which detail prosecutors’ suspicions that the son of the US presidential hopeful and other “consultants” were paid opulent salaries with money “obtained through criminal means,” which was then laundered with the help of Zlochevsky. [..] The case against Zlochevsky, who was also Ukraine’s minister for ecology and natural resources from July 2010 until April 2012, has now stalled, with authorities unable to locate him. Ryaboshapka confirmed on Wednesday that the ex-minister has been put on a wanted persons list.

Read more …

Where and when corruption rules. But don’t investigate, you’d be meddling in the US election. Can’t have that.

Ukrainian MP Claims $7.4 Billion Obama-Linked Laundering (ZH)

A Ukrainian MP says a document leaked from the Ukraine’s Office of the Prosecutor General contains claims against Burisma owner Nikolai Zlochevsky, as well as Hunter Biden and his partners – who allegedly received $16.5 million for their ‘services’ – according to Alexander Dubinsky of the ruling Servant of the People Party. Dubinsky made the claim in a Wednesday press conference, citing materials from an investigation into Zlochevsky and Burisma. “Zlochevsky was charged with this new accusation by the Office of the Prosecutor General but the press ignored it,” said the MP. “It was issued on November 14.”

“The son of Vice-President Joe Biden was receiving payment for his services, with money raised through criminal means and money laundering,” he then said, adding “Biden received money that did not come from the company’s successful operation but rather from money stolen from citizens.” According to Dubinsky, Hunter Biden’s income from Burisma is a “link that reveals how money is siphoned [from Ukraine],” and how Biden is just one link in the chain of Zlochevsky’s money laundering operation which included politicians from the previous Yanukovich administration who continued their schemes under his successor, President Pyotr Poroshenko.

“We will reveal the information about the financial pyramid scheme that was created in Ukraine and developed by everyone beginning with Yanukovich and later by Poroshenko. This system is still working under the guidance of the current managerial board of the National Bank, ensuring that money flows in the interest of people who stole millions of dollars, took it offshore and bought Ukrainian public bonds turning them into the Ukrainian sovereign debt,” said Dubinsky, adding that “in both cases of Yanukovich and Poroshenko, Ms. Gontareva and companies she controls were investing the stolen funds.”

Read more …

This is how we roll.

What the Trump impeachment inquiry really shows is that elites on both ‘sides’ – Republican and Democrat, the Giulianis and Bidens of this world – are elbow-deep in money-laundering the plunder of the planet’s last resources. There are *no* good guys here – Jonathan Cook

Story About Migrant Children Scrubbed As UN Said It Happened Under Obama (RT)

Several news agencies have opted to delete a story stating that 100,000 migrant children were detained in US border facilities after the United Nations clarified that the number is years old, predating the age of Trump. After media outlets published stories trumpeting the 100,000 figure earlier this week, based on the word of UN refugee specialist Manfred Nowak, the expert was forced to correct his initial statement on Tuesday. As it turns out, the figure Nowak cited to reporters dates back to 2015, meaning the dramatic number of detentions he revealed occurred under the watch of President Barack Obama, rather than Donald Trump, who is often assailed by progressive critics over his border policies.


Instead of issuing corrections, however, Nowak’s clarification prompted several outlets to withdraw their stories altogether, including Reuters and AFP, who both said no replacement story would be forthcoming. Once responsibility for the vast number of detentions was passed from Trump to Obama, however, Nowak decided to clarify further that the 100,000 figure referred to the cumulative number of migrant children detained at any point in 2015, rather than all at one time, another caveat he apparently forgot to explain to reporters previously. Despite frequent and vocal criticisms of President Trump’s border policies, his predecessor’s approach to immigration was not entirely different, even earning Obama the moniker of “Deporter in Chief.” During his first term, President Obama deported some 400,000 migrants each year, setting a record for himself in 2012 at over 409,000. President Trump, meanwhile, has deported fewer than 300,000 each year since taking office in 2017.

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I have the impression they make these statements every now and then just to make markets go up, not because they’re real.

China Says Will Strive To Reach ‘Phase One’ Trade Deal With US (R.)

China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unraveling. China is willing to work with the United States to resolve each other’s core concerns on the basis of equality and mutual respect, and will try hard to reach a “phase one” deal, Gao Feng, spokesman at the ministry, told reporters. “This is in line with the interests of both China and the United States, and of the world,” Gao said. Economists warn that the prolonged trade dispute between China and the United States is escalating risks to the global economy by disrupting supply chains, discouraging investment and dampening business confidence.


Completion of a phase one deal could slide into next year, trade experts and people close to the White House told Reuters previously, as Beijing presses for more extensive tariff rollbacks and the U.S. administration counters with heightened demands of its own. Officials from Beijing had suggested that Chinese President Xi Jinping and U.S. counterpart Donald Trump might sign a deal in early December. Some experts said the next date to watch was Dec. 15, when U.S. tariffs on about $156 billion in Chinese goods are set to take effect, including holiday gift items such as electronics and Christmas decorations.

Read more …

I’m tired of the Brexit issue, but I like Craig Murray, so here.

Do Not Despair of This Election (Craig Murray)

I have had moments in the last few days which led me to feel pretty hopeless. Perhaps the worst was in the ITV debate when Corbyn was roundly jeered by a substantial section of the audience for stating that climate change impacted hardest on the poorest people in the poorest countries. That encapsulated for me the current far right political climate in England, dominated by boorish, selfish stupidity. I do not come from a left wing political background and I have never subscribed to the romanticisation of “the people”. Years living in the UKIP heartland of Ramsgate made me realise that “the people” en masse can be very unpleasant and racist indeed. I have always for that reason eschewed direct democracy and subscribed to a very Burkean view.

That however falls down when, as now, you have a political class who are becoming even more base and vicious than the most unpleasant mob. But the growl of that studio audience, infuriated that Corbyn cared about the foreign poor, is a warning klaxon of the state of English society. A close second despair-inducing moment was Jo Swinson’s interview following the debate when, asked if she would press the nuclear button, she replied without a millisecond of hesitation: “yes”. As I reported last week, when asked at the Lib Dem campaign launch why she would not put Corbyn into Downing St in any circumstances, she had instantly replied that he would not be prepared to instruct submarine commanders to fire nuclear weapons. sThe woman is deranged.

I come from a Liberal tradition. Probably the two books which most influence my thinking are On Liberty by John Stuart Mill and Imperialism, A Study by J A Hobson. The line of British liberal thinking that comes down through writers including Hazlitt, Shelley, Byron, Carlyle, Mill, Hobson, Russell and Keynes is a tradition which looks set to disappear from British political thought. That makes me horribly sad. One thing I am sure of is that Swinson has read none of them. That the Lib Dems had moved economically so far to the right was already worrying me. Their completely illiberal opposition to Scottish Independence upset me still further. But that the party to which I belonged for 30 years and which was once led by my friend, the gentle and wise Charlie Kennedy, could now be led by an arm whirling, narcissistic, female version of Dr Strangelove, is beyond my wildest nightmares.

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And these are still the good times.

‘Downward Mobility’ A Reality For Many British Youngsters Today (G.)

Downward mobility – the phenomenon of children doing less well than their parents – will become a reality for young people today unless society makes dramatic changes, according to two of the UK’s leading experts on social policy. The UK is among the worst of the developed countries for social mobility. It appears increasingly unlikely that people will be able to escape economic disadvantages linked to their background. However, in a paper published by the London School of Economics’ Centre for Economic Performance (CEP), Lee Elliot Major and Stephen Machin warn that even the “dream of just doing better, let alone climbing the social ladder, is disappearing”.


Elliot Major is chief executive of the Sutton Trust, a UK foundation improving social mobility, and an adviser to the Office for Fair Access, while Machin is a professor of economics at the LSE and director of the CEP. Downward mobility is already in evidence in home ownership, according to research the pair have done for their book, What Do We Know and What Should We Do About Social Mobility?, which is due to be published in 2020. The pair found that people aged 42 in 2012, with parents who did not own their own homes, were 15% less likely to own a home than those who were 42 in 2000. “Thus the generational divide in the housing market has worsened significantly as intergenerational home ownership mobility fell,” Elliot Major said.

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I like this story, but I don’t see why the author limits himself to those two countries.

A Deadly Game of Chicken in Iraq and Lebanon (Cambanis)

The popular revolts in Iraq and Lebanon may be against different governments, but they represent a linked challenge to despotism and regime violence in the Arab world. And both share a central element: They are quintessential showdowns. Because the regimes refuse to consider incremental reform, the only way forward is to win. Defeat, for either side, will be absolute. Gradual reform might be the best theoretical outcome for these troubled states, but, alas, it isn’t on offer. To that end, demonstrators have put their lives on the line for months on end to demand change. It’s a risky move. They’re making it impossible for the ruling clique to continue its extractive rule, leaving it with only two choices: destroy the demonstrations, or change their ways.

But the demonstrators are using the only method available, short of resorting to an armed rebellion or a coup, to resist predatory regimes that foreclose any reasonable attempt at incremental or democratic reform. In both cases, the popular movements have internalized some of the lessons of the Arab revolts that came before: Issue concrete demands, pay attention to the national political narrative, try to persuade the wider public, and innovate tactics in order to maintain momentum. (Unfortunately, they’re less clear on the benefits of naming leaders and contesting hard-power institutions.) Regimes have studied the other revolts too, and as a result have opted to use force from the get-go—in Iraq’s case, lethal force. If the protests subside or fracture, the ruling authorities will use all the tools at their disposal to destroy them.

The zero-sum nature of the revolts stems from the recalcitrance of the regimes. They are unable to reform even slightly, because their entire system is built around extraction, rather than governance. Traditionally, even a corrupt regime benefits from economic growth—there’s more to steal. But the regimes in Iraq and Lebanon have opted to rely on mainline extortion and Ponzi schemes. Even disruption and collapse that harm the population can benefit the rulers. The governors no longer share common interests with the governed. That disconnect fuels the popular desire for a radical overhaul of the system.

Read more …

Carrie Lam has nothing to say. Beijing rubbishing the High Court ruling on face masks made that clear – again.

Why Won’t Carrie Lam Allow An Independent Inquiry? (SCMP)

In the street a few days ago, a young woman approached me with a simple question, “Mrs Chan, what can be done?” How I wish I had an answer or, rather, how I wish I had an answer that our Chief Executive Carrie Lam Cheng Yuet-ngor and her team of advisers would act on. The Hong Kong government is effectively dead in the water, unable to either do what must be done to defuse the crisis, or convince its masters in Beijing that clamping down harder on the protests is not a solution. After more than five months of increasingly violent unrest, there is not one scintilla of evidence to support this strategy. On the contrary, it is clear that anger at and, in some cases, downright hatred of the police has been the trigger for protesters’ more extreme reactions.


There is much talk of the need for dialogue. But just as you need two to tango, dialogue requires the participation of two parties at least willing in principle to work to find some common ground on which to build reconciliation, something that is currently sorely lacking. The shocking escalation in violence that we have witnessed over the past two weeks underlines the urgency for both sides to step back from the brink, before further deaths and serious injuries occur. The wanton destruction of our campuses, railway stations and shopping malls, the blocking of key motorways and attacks on ordinary citizens simply trying to get to work are not just unacceptable, they are becoming counterproductive.

Read more …

That was not obvious yet?

Jeffrey Epstein Guests Were Secretly Filmed In Every Bedroom And Toilet (Sun)

Jeffrey Epstein’s guests were secretly filmed in every bedroom and toilet of his New York City home, one of his accusers has claimed. Maria Farmer alleges she was abused by the disgraced paedo when she was a 26-year-old aspiring model in 1996. The now 49-year-old told CBS This Morning how Epstein’s’ home was under constant TV surveillance. She told co-host Anthony Mason how Epstein showed her the ‘media room’. Maria said: “The main thing he did when I walked in and thought was interesting, he showed me where the men monitoring everything were. “So if you’re facing the house, there’s a window on the right that’s barred – that’s the room, the ‘media room’ is what he called it.

“And so there was a door that looked like an invisible door with all this limestone and everything and you push it and you go in and I saw all the cameras. She then points to how she remembers the televisions were stack on top of each other. Maria said: “What it was – was like old televisions basically, like stacked.” “They were monitors inside this cabinet and there were men sitting here and I looked on the cameras and I saw toilet, toilet, bed, bed, toilet, bed. “And I was like I’m never going to use the restroom here and I am never going to sleep here.” In the same interview, Maria labelled Prince Andrew “revolting and disgusting” over his BBC Newsnight interview.

After watching the Duke of York’s interview about his links with his paedo pal Epstein, Maria said of the prince: “He is revolting and disgusting. Shame on you! “I would like to know why is his memory so poor? Does he really believe that we can think that at his age he forgets these things?”

Read more …

All China’s ever done is to pay lip service to the issue. Most of those new coal plants have been in the planning for a long time.

China’s Appetite For Coal Power Returns Despite Climate Pledge (G.)

China’s growing appetite for new coal-fired power stations has outstripped plant closures in the rest of the world since the start of last year, data shows. Elsewhere countries reduced their capacity by 8GW in the 18 months to June because old plants were retired faster than new ones were built. But over the same period China increased its capacity by 42.9GW despite a global move towards cleaner energy sources and a pledge to limit the use of coal. Christine Shearer, an analyst at the NGO Global Energy Monitor, said: “China’s proposed coal expansion is so far out of alignment with the Paris agreement that it would put the necessary reductions in coal power out of reach, even if every other country were to completely eliminate its coal fleet.”

More than 30 countries plan to phase out coal-fired power to help reduce carbon emissions and keep global temperatures from rising to catastrophic levels. The UK has just five coal-fired power stations, with one in south Wales scheduled to close next year and two more to be converted to gas within the next two years. Global Energy Monitor said the gulf between China and other countries was on track to widen as Beijing pursued plans to build more new plants than the rest of the world combined. China is also helping to finance a quarter of all the new coal projects in the rest of the world, including in South Africa, Pakistan and Bangladesh.

China’s coal investments, including domestic projects, mean it is backing more than half of all global coal power capacity under development. The country has a pipeline of 147GW of coal plants that are either under construction or suspension but are likely to be revived, the report says. This is more than all existing coal plants in the EU combined and almost 50% higher than the 105GW of capacity planned in the rest of the world.

Read more …

 

 

 

 

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Nov 192019
 
 November 19, 2019  Posted by at 9:50 am Finance Tagged with: , , , , , , , , , , , , ,  15 Responses »


Pablo Picasso Female bust 1943

 

Adam Schiff Validated My Reporting On Ukraine (John Solomon)
The Hill Reviewing John Solomon Articles After Ambassador Refutes Claims (ZH)
Trump’s Ukraine Scandal Rooted In Fear Of Biden (Hill)
Ukraine MP Says Burisma Financed Clinton Campaign With $10M Unmarked Cash (CDM)
House Investigating Whether Trump Lied To Mueller (CNN)
Entertaining Questions (Jim Kunstler)
Hong Kong Anti-Mask Law Ruled Unconstitutional By High Court (SCMP)
China Says Hong Kong Courts Have No Power To Rule On Face Mask Ban (R.)
Emirates Orders 50 Airbus A350 Jets In A Revised Deal Worth $16 Billion (CNBC)
Airbus Secures 120 Plane Order From Air Arabia (CNBC)
FedEx CEO challenges NYT publisher to public debate after tax story
Georgian Riot Police Disperse Anti-Govt Rally In Tbilisi (RT)
The Roger Stone – Wikileaks – Russia Hoax (Craig Murray)
The Most Spied Upon Building On Earth (Maurizi)

 

 

I guess it’s official: John Solomon is no longer at The Hill. Still don’t know why; did I miss something?

Adam Schiff Validated My Reporting On Ukraine (John Solomon)

While the jury is still out on high crimes and misdemeanors, Schiff has managed to produce during the first few weeks of his impeachment hearings a robust body of evidence and testimony that supports all three of the main tenets of my Ukraine columns. In fact, his witnesses have done more than anyone to affirm the accuracy of my columns and to debunk the false narrative by a dishonest media and their friends inside the federal bureaucracy that my reporting was somehow false conspiracy theories. The half dozen seminal columns I published for The Hill on Ukraine were already supported by overwhelming documentation (all embedded in the story) and on-the-record interviews captured on video. They made three salient and simple points:

• Hunter Biden’s hiring by the Ukrainian gas firm Burisma Holdings, while it was under a corruption investigation, posed the appearance of a conflict of interest for his father. That’s because Vice President Joe Biden oversaw US-Ukraine policy and forced the firing of the Ukrainian prosecutor overseeing the case.
• Ukraine officials had an uneasy relationship with our embassy in Kiev because State Department officials exerted pressure on Ukraine prosecutors to drop certain cases against activists, including one group partly funded by George Soros.
• There were efforts around Ukraine in 2016 to influence the US election, that included a request from a DNC contractor for dirt on Manafort, an OpEd from Ukraine’s US ambassador slamming Trump and the release of law enforcement evidence by Ukrainian officials that a Ukraine court concluded was an improper interference in the US election.

All three of these points have since been validated by the sworn testimony of Schiff’s witnesses this month, starting with the Bidens. Deputy Assistant Secretary of State George Kent testified he believed the Burisma-Bidens dynamic created the appearance of a conflict of interest, and that State officials viewed Burisma as having a corrupt relationship. Kent testified State’s sentiments were so strong that he personally intervened in 2016 to stop a joint project between one of his department’s agencies and Burisma. When asked why, he answered: “Burisma had a poor reputation in the business, and I didn’t think it was appropriate for the U.S. Government to be co-sponsoring something with a company that had a bad reputation.”

Read more …

The “problem” with Solomon is he’s thorough and well-documented. Look forward to him commenting on any potential edits to his articles.

The Hill Reviewing John Solomon Articles After Ambassador Refutes Claims (ZH)

The Hill will be reviewing articles written by former contributor John Solomon after allegations by US Ambassador Marie Yovanovitch that he facilitated a smear campaign. “Because of our dedication to accurate non-partisan reporting and standards, we are reviewing, updating, annotating with any denials of witnesses, and when appropriate, correcting any opinion pieces referenced during the ongoing congressional inquiry,” reads an internal email from Editor-In-Chief Bob Cusack obtained by CNN’s Oliver Darcy. Yovanovitch testified last week that the president’s allies, including Trump lawyer Rudy Giuliani, attacked her with false allegations that she was undermining the Trump administration’s agenda and badmouthing the president.


She claims Solomon was part of this effort – penning articles in The Hill containing the trash-talking claims as well as an allegation that she gave Ukrainian prosecutor Yuriy Lutsenko a “do not prosecute list,” which both Yovanovitch and the State Department have pushed back on. Lutsenko changed his story, telling the New York Times there was no such list. He is currently facing allegations related to abuse of power. In response to the review, Solomon tweeted: “I welcome The Hill’s review of my Ukraine columns and suggested it myself a month ago. I believe it won’t be hard for The Hill to review these since all my source documents and original interviews are linked for all to see. Plus witnesses have affirmed much of what I wrote.”

Read more …

What the Hill publishes these days is smut like this. Toeing the line of the empire. The entire inquiry rests on the assumption that Trump is afraid of Biden. Is he though? Or does he want to find out what happened in 2016?

Trump’s Ukraine Scandal Rooted In Fear Of Biden (Hill)

Why is President Trump so nervous about the 2020 race? He has a record amount of campaign cash. Russian bots are still working for him. And he still has the backing of more than 80 percent of his party. So, how do I know he’s so nervous? As Trump loves to say: Read the transcript. At the heart of the phone call that has led to impeachment hearings is Trump going out on a shaky limb to ask Ukrainian President Volodymyr Zelensky for a “favor.” That “favor” included a request for Zelensky to investigate former Vice President Joe Biden and Biden’s son, Hunter. The only reason for Trump to risk asking a foreign leader for help getting political dirt on an opponent is that he feared that rival’s power.


And that November 2020 powerhouse in Trump’s mind is Biden. Recall that in June, Trump’s anxiety was on display when he insisted his campaign fire some its pollsters after internal polls showed him losing in Michigan and Wisconsin to Biden. Trump’s shaky nerves went public again in July when a Fox News poll showed him losing to Biden — by a lot. Trump went ballistic and attacked Fox. The president still has every reason to be nervous about a possible match-up with Biden because polls continue to show the Democrat beating him badly. If Biden, a well-liked moderate, is the nominee the election becomes a referendum on Trump. With an approval rating hovering in the mid-to-low 40s, that is not good news for the president.

Read more …

Well, this is what happened in 2016. Still nothing to investigate the Bidens on?

Ukraine MP Says Burisma Financed Clinton Campaign With $10M Unmarked Cash (CDM)

CD Media has been steadily breaking news on American government and Obama Administration corruption in Ukraine as the impeachment inquiry scam heats up in Washington, D.C. Although we have provided plenty of evidence of organized crime emanating from the State Department and elsewhere in the U.S. governmental infrastructure in Kyiv, many still wonder why the Democrats are so rabid to stop Trump from having a second term. Well, now we believe we are getting closer to the answer.

[..] “In 2015, Burisma was considered a corrupt company, but a very lucrative and powerful one. Poroshenko was trying to ‘get in’ and get a piece of the action [CD Media has reported how Poroshenko also wanted Privat Bank for the same reason]. So, essentially Zlochevsky [Mykola Zlochevsky – oligarch owner] brought in Biden for protection, and the Biden family got paid of course. No one would mess with Burisma with the Vice President involved. Zlochevsky showed everyone Biden was on the board pushing his father’s name. The problem with the ‘corrupted company’ label in the United States went away quickly in about three months. It was amazing. “And of course, Burisma also helped the Clinton campaign prior to the election.”

How did they help we asked? “They paid them around $10 million.” Wouldn’t those wire transfers show up? we questioned. “This was Ukraine; everything was done with big bags of cash to the Clintons.” Onyshchenko then went on to describe how he was approached by prosecutors in the U.S. to testify in the United States on American corruption in Ukraine. He showed us a letter published below from the Department of Justice in 2016, where he says they provided him a temporary visa to come testify on the theft and money laundering of American aid to Ukraine, and on the illegal money to the Clintons. “Right before I was to leave for the U.S., I received notice that my visa had been cancelled due to the personal involvement of Vice President Joe Biden.

He made a personal phone call and the visa was cancelled. I guess he didn’t want me telling what I know so I didn’t make it to the United States to testify.” The cancellation of the visa has been confirmed by CD Media by a secondary source. Onyshchenko also reiterated that former FBI agent Karen Greenaway was pushing hard during this time for him to not talk to the press about his knowledge of the Biden scandal, holding the threat of American law enforcement action against him to do so. Greenaway has since retired from the FBI but remains in Ukraine involved with one of the Soros foundations. “She was pushing hard…for me to say nothing,” he declared. “She was running everything for the Democrats, all the coverup for the corruption.”

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Blah blah WikiLeaks.

House Investigating Whether Trump Lied To Mueller (CNN)

The House of Representatives is now investigating whether President Donald Trump lied to special counsel Robert Mueller in written answers he provided in the Russia investigation, the House’s general counsel said in federal court Monday. “Did the President lie? Was the President not truthful in his responses to the Mueller investigation?” House general counsel Douglas Letter told the US Court of Appeals for the District of Columbia Circuit about why the House now needs access to grand jury material Mueller collected in his investigation. The House’s arguments Monday draw new focus to whether Trump had lied to Mueller following public revelations at Roger Stone’s trial this month.

Former Trump deputy campaign chairman Rick Gates testified that Trump and Stone talked about information that was coming that could help the campaign in mid-2016, at a time when Stone was attempting to get secret details about stolen Democratic documents WikiLeaks had. Former Trump campaign chairman Paul Manafort also apparently told the Mueller grand jury what Trump’s approach to WikiLeaks had been in 2016, according to the Mueller report. But Trump told Mueller in his written statements he didn’t recall discussing WikiLeaks with Stone. The Gates testimony adds further significance to Congress’ desire to see the redacted material.

The question of whether Trump obstructed justice, including potentially lying to Mueller, has for months been a part of the House Judiciary Committee’s wider review of potential obstruction in the wake of the Mueller report. The House previously reviewed most of what Mueller had written in his final report, including parts kept from the public. But the House hasn’t been able to see what Manafort told the grand jury, which Mueller apparently described in his report. In the Mueller report, grand jury details are redacted related to a sentence describing Manafort speaking with Trump after WikiLeaks’ first release, in July 2016.

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“Messers, Brennan, Clapper, Comey, Rosenstein, McCabe, Strzok, Halper, Ms. Page, et. al — and, if real justice is on order, not a few figures lurking in the Deep State deep background — John Carlin, Bill Priestap, Dana Boente, Michael Gaeta, Sally Yates, Loretta Lynch, Susan Rice, Samantha Power, and perhaps even the archangel Barack Obama..”

Entertaining Questions (Jim Kunstler)

Mr. Barr declared unambiguously and in plain English that “in waging a scorched earth, no-holds-barred war of ‘Resistance’ against this Administration, it is the Left that is engaged in the systematic shredding of norms and the undermining of the rule of law.” Is any part of that unclear? The confounded might take in this more detailed lesson in recent history from the speech:

“Immediately after President Trump won election, opponents inaugurated what they called ‘the Resistance,’ and they rallied around an explicit strategy of using every tool and maneuver available to sabotage the functioning of his administration. Now, ‘resistance’ is the language used to describe insurgency against rule imposed by an occupying military power. It obviously connotes that the government is not legitimate. This is a very dangerous — indeed incendiary — notion to import into the politics of a democratic republic. What it means is that, instead of viewing themselves as the “loyal opposition,” as opposing parties have done in the past, they essentially see themselves as engaged in a war to cripple, by any means necessary, a duly elected government.”

And anyone who takes in the nauseating spectacle of Congressman Adam Schiff’s House Intel Committee impeachment process can see that shredding of norms on full shameless display, where the attempted defense of nakedly absurd charges against the president is thwarted by a chicane of deceitful rules outside any concept of due process, concocted by Mr. Schiff and his task force of Lawfare hustlers — no right to call witnesses, no right of cross-examination, and no right to argue that set of rules cribbed from the Stalin show trials by way of the Spanish Inquisition. They’re pouring it on this week ahead of a post-Thanksgiving cold water deluge of bad news that will detail charges against the progenitors of RussiaGate.

The roll-call may be a long one, including many actors whose turpitudes have been publicly and richly documented for many months — Messers, Brennan, Clapper, Comey, Rosenstein, McCabe, Strzok, Halper, Ms. Page, et. al — and, if real justice is on order, not a few figures lurking in the Deep State deep background — John Carlin, Bill Priestap, Dana Boente, Michael Gaeta, Sally Yates, Loretta Lynch, Susan Rice, Samantha Power, and perhaps even the archangel Barack Obama, just in time for Christmas, too. Robert Mueller and Andrew Weissmann deserve to be included for what amounted to a blatant, arrantly mendacious malicious prosecution, knowing that they had no case and proceeding anyway for two whole years.

I hope the roundup will extend to the very latest ploys leading to RussiaGate’s successor subterfuge, UkraineGate, namely the exploits of “whistleblower” Eric Ciaramella, his handlers and enablers in Mr. Schiff’s office, and the actions of his accomplice, Michael Atkinson, the current Intelligence Community Inspector General, with obvious conflicts of interests as a major player in the previous RussiaGate dodge — he was legal counsel to Assistant Attorney General John Carlin, who headed the Department of Justice’s National Security Division at the birth of the FBI’s “Crossfire Hurricane” gambit, and before that he was Robert Mueller’s chief of staff at the FBI. Anything to see there, ya think? The “whistleblower” himself was, in fact, a CIA spy in the White House. You may recall that the CIA is prohibited from spying on Americans in their own country, and doing that in the White House is arguably the essence and height of lawless sedition.

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Fighting for freedom.

Hong Kong Anti-Mask Law Ruled Unconstitutional By High Court (SCMP)

A Hong Kong court has ruled in favour of pan-democrats in declaring the government’s mask ban unconstitutional in a decision that forced police to halt law enforcement while legal experts in mainland China floated the possibility of another legal interpretation by Beijing. Two High Court judges on Monday ruled that the emergency legislation that brought the ban on face coverings in public places into effect last month was “incompatible with the Basic Law” when used in times of public danger as seen in the present case. They also found the new law had imposed invalid restrictions on fundamental rights and freedoms.


The ruling by justices Anderson Chow Ka-ming and Godfrey Lam Wan-ho, in favour of the 25 pan-democrats who applied for judicial review, dealt a blow to the beleaguered government. Police announced they would stop enforcing the ban for now, while prosecutors sought adjournment “to consider the situation”. Legal experts were divided, some calling the judgment an important recognition of Hong Kong’s constitutional framework, while those on the mainland expressed concerns that the court might have sent the wrong signal to the radical protesters, floating the idea of Beijing interpreting the Basic Law again.

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Hong Kong courts are trumped by Beijing. Might as well disband them then.

China Says Hong Kong Courts Have No Power To Rule On Face Mask Ban (R.)

China’s top legislature said Hong Kong courts have no power to rule on the constitutionality of legislation under the city’s Basic Law, which includes a proposed ban on face masks, state news agency Xinhua reported on Tuesday. The statement came a day after Hong Kong’s High Court ruled that a ban on wearing face masks during public demonstrations that have rocked the financial hub for more than five months was unconstitutional. “Whether the laws of the Hong Kong Special Administrative Region comply with the Basic Law of Hong Kong can only be judged and decided by the Standing Committee of the National People’s Congress,” Yan Tanwei, a spokesman for the Legislative Affairs Commission of the Standing Committee of the National People’s Congress, said in a statement. “No other authority has the right to make judgments and decisions,” the statement said.

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No, I don’t care much for planes. But this is part of the Boeing story.

Emirates Orders 50 Airbus A350 Jets In A Revised Deal Worth $16 Billion (CNBC)

Emirates has ordered 50 Airbus A350 jets, the Dubai state-owned airline announced at the Dubai Air Show on Monday. The order’s list price sits at $16 billion, but a steep discount is typically negotiated by airlines. The deal was originally slated to see Emirates order 70 planes from the French manufacturer — 40 of the A350s and 30 A330-900neo jets — but all A330 orders were scrapped in favor of bringing the A350 order size to 50. Airbus CEO Guillaume Faury told a press conference that the European multinational planemaker’s flagship A380 would now have a “younger but very talented brother in the Emirates family.”


The A350 is a family of long-range, twin-engine wide-body jet airliners, while the A380 is the world’s largest passenger airliner. The 50 jets ordered by Emirates are its cornerstone A350-900 variety, accommodating between 300 and 350 passengers. “Complementing our A380s and 777s, the A350s will give us added operational flexibility in terms of capacity, range and deployment,” Emirates Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum told press. “In effect, we are strengthening our business model to provide efficient and comfortable air transport services to, and through, our Dubai hub.”

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A Turkish low fare airline has ordered 10 737 MAX 8’s. They must think their clients are illiterate.

Airbus Secures 120 Plane Order From Air Arabia (CNBC)

Air Arabia has signed a firm order for 120 Airbus aircraft, the European plane-maker has announced. The deal, signed on Monday at the Dubai Airshow, consists of 73 A320neos, 27 A321neos and 20 A321XLRs. In a press statement, Airbus Chief Commercial Officer Christian Scherer said the order was a “great endorsement for the A320neo family which will allow the airline to tap into new markets.” Air Arabia Group CEO Adel Al Ali said the order, worth around $14 billion according to 2018 list prices, would support the low-cost carrier’s growth plans.


“This new milestone underpins not only our solid financial fundamentals but also the strength of our multi-hub growth strategy that we have adopted over the years while remaining focused on efficiency, performance and passenger experience,” Al Ali said in a statement. “The addition of the A320neo, A321neo and A321XLR complements our existing fleet and allows us to expand our service to farther and newer destinations while remaining loyal to our low-cost business model.” [..] U.S. rival Boeing also announced that it has received an order for an additional 10 737 Max 8 aircraft from Turkey’s SunExpress, on top of an existing fleet of 32 737 Max 8s. This marks only the second 737 Max order since the fatal Ethiopian Airlines crash in March which led to the grounding of the jet worldwide.

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The pot and the kettle.

FedEx CEO Challenges NYT Publisher To Public Debate After Tax Story (R.)

FedEx Chief Executive Frederick Smith has challenged the publisher of the New York Times and the editor of the business section of the newspaper to a public debate in response to a story about the company’s tax bill. The package delivery firm’s financial filings showed it owed no taxes in the 2018 fiscal year overall due to President Donald Trump’s tax overhaul, according to the NYT story published on Sunday. Smith late on Sunday called the story here “distorted and factually incorrect” and challenged NYT’s publisher A.G. Sulzberger and the business section editor to a public debate in Washington. “FedEx’s colorful response does not challenge a single fact in our story. We’re confident in the accuracy of our reporting,” Danielle Rhoades Ha, VP-communications at NYT, said in an email on Monday.

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Riots wherever you look. Good time to be a water cannon maker.

Georgian Riot Police Disperse Anti-Govt Rally In Tbilisi (RT)

Protesters blocking the Georgian parliament building in the center of Tbilisi have been doused with water on Monday as police wearing riot gear were deployed to clear the area and raise the blockade. Massive protests gripped the Georgian capital earlier this week as people took to the streets demanding a snap election. The unease was sparked by parliament’s failure to pass amendments to the election law. If agreed on, it would have meant a transition from a mixed majoritarian-proportional electoral system to a strictly proportional one.

During the rallies, people blocked a major city highway – Rustaveli Avenue – running through the center of Tbilisi and blocked the parliament, preventing MPs from entering the building. Some demonstrators set up tents right in front of the legislature. The parliament gates were also reportedly sealed with a chain and a padlock. Law enforcement repeatedly called on the demonstrators to disperse. The appeal was rejected by the opposition-led crowds who claimed they will leave only once their demands are met.

On Monday, large police forces and water cannons were deployed to the parliament. Officers wearing riot gear and equipped with shields and batons started to slowly push the people away from the area.

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As I must have said 1000 times: “Astonishingly, in the case of Stone, he has been convicted of saying that the Mueller nonsense is true..”

The Roger Stone – Wikileaks – Russia Hoax (Craig Murray)

As ever, the Guardian wins the prize for the most tendentious reporting of Roger Stone’s conviction. This is not quite on the scale of its massive front page lie that Paul Manafort visited Julian Assange in the Ecuadorean Embassy. But it is a lie with precisely the same intent, to deceive the public into believing there were links between Wikileaks and the Trump campaign. There were no such links. The headline “Roger Stone: Trump Adviser Found Guilty On All Charges in Trump Hacking Case” is deliberately designed to make you believe a court has found Stone was involved in “Wikileaks hacking”. In fact this is the precise opposite of the truth. Stone was found guilty of lying to the Senate Intelligence Committee by claiming to have links to Wikileaks when in fact he had none. And of threatening Randy Credico to make Credico say there were such links, when there were not.

It is also worth noting the trial was nothing to do with “hacking” and no hacking was alleged or proven. Wikileaks does not do hacking, it does “leaks”. The clue is in the name. The DNC emails were not hacked. The Guardian is fitting this utterly extraneous element into its headline to continue the ludicrous myth that the Clinton campaign was “Hacked” by “the Russians”. It is worth noting that not one of those convicted of charges arising from or in connection with the Mueller investigation – Manafort, Papadopolous, Stone – has been convicted of anything to do with Wikileaks, with anything to do with Russia or with the original thesis of the enquiry.


Astonishingly, in the case of Stone, he has been convicted of saying that the Mueller nonsense is true, and he was a Trump/Wikileaks go-between, when he was not. Yet despite the disastrous collapse of the Mueller Report, and despite the absolutely devastating judicial ruling that there was no evidence worthy even of consideration in court that Russiagate had ever happened, the Guardian and the neo-con media in the USA (inc. CNN, Washington Post, New York Times) continue to serve up an endless diet of lies to the public. Randy Credico was the chief witness for the prosecution against Roger Stone. That’s for the prosecution, not the defence. This is the state’s key evidence against Stone. And Credico is absolutely plain that Stone had no link to Wikileaks.

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Laws? What laws? What I didn’t know yet: UC Global was brought in by Correa, to PROTEST Assange.

The Most Spied Upon Building On Earth (Maurizi)

La Repubblica has had access to the video and audio recordings of the Spanish company, UC Global, which spied on the WikiLeaks founder, his team of journalists and all of us who visited Assange at the Ecuadorian embassy for the last seven years. Video footage and audio recordings reveal an appalling violation of privacy. All the information gathered by UC Global was sent to US intelligence.

It sounds like a James Bond movie, but it really happened. Julian Assange, the WikiLeaks journalists and every single lawyer, reporter, politician, artist and physician who visited the founder of WikiLeaks at the Ecuadorian embassy over the last seven years was subjected to systematic espionage. Meetings and conversations were recorded and filmed, and all the information was sent to US intelligence. Sometimes the espionage operations were truly off the wall: at one point spies even planned to steal the diaper of a baby brought to visit Assange inside the embassy. The purpose? To gather the baby’s feces and perform a DNA test to establish whether the newborn was a secret son of Julian Assange.

Repubblica has had access to some of the videos, audios and photos. Meetings between the founder of WikiLeaks and his lawyers, medical examinations of Julian Assange, diplomatic encounters of the Ecuadorian ambassador Carlos Abad Ortiz, meetings between Assange and journalists. Everything was spied on. The author of this article found that she was not just filmed, but her phones were screwed open, presumably to obtain the IMEI code that allows uniquely identifying the phone in order to intercept it. Spies also had access to our USB sticks, though at this stage it is not clear if they managed to break the encryption protecting the information stored in the USB flash drives inside our backpacks. These are very serious violations of the confidentiality of journalistic sources, given that our meetings inside the embassy were entirely professional and, as frequent visitors, we were repeatedly registered as “journalists”.

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Nov 142019
 


Pablo Picasso Pitcher of flowers on a table 1942

 

The Impeachment Pantomime (Patrick Lawrence)
The Real Ukraine Controversy: An Activist US Embassy (Solomon)
Trump Impeachment Inquiry: New Claims Amid Public Hearing (BBC)
Trickster Adam Schiff Conjuring ‘Guilt’ Out Of Thin Air (NYPost)
Trump Impeachment Is Blueprint To Overthrow Government From Within (Rives)
Here Are The Payments To Hunter Biden, Leaked From Ukraine (CDMedia)
Lawmaker Posts Cryptic Jeffrey Epstein Message During Impeachment Hearing (G.)
The Holy-Cow Moment for Subprime Auto Loans (WS)
Le Mesurier Gets Cross (Craig Murray)
Greek Refugee Camp For 640 People Is Found To Be Housing 3,745 (G.)

 

 

I have too much to say about the impeachment thing to do it here, I’ll do that separately later. Meanwhile, a few strong commentaries:

The Impeachment Pantomime (Patrick Lawrence)

The impeachment probe starts to take on a certain reek. It starts to look as if contempt for Trump takes precedence over democratic process — a dangerous priority. Sperry quotes Fred Fleitz, a former National Security Council official, thus: “Everyone knows who he is. CNN knows. The Washington Post knows. The New York Times knows. Congress knows. The White House knows…. They’re hiding him because of his political bias.” Here we come to another question. If everyone knows the whistleblower’s identity, why have the corporate media declined to name him? There can be but one answer to this question: If Ciaramella’s identity were publicized and his professional record exposed, the Ukrainegate narrative would instantly collapse into a second-rate vaudeville act — farce by any other name, although “hoax” might do, even if Trump has made the term his own.


There is another half to this burlesque. While Schiff and his House colleagues chicken-scratch for something, anything that may justify a formal impeachment, a clear, documented record emerges of Joe Biden’s official interventions in Ukraine in behalf of Burisma Holdings, the gas company that named Hunter Biden to its board in March 2014 — a month, it is worth noting, after the U.S.–cultivated coup in Kiev. There is no thought of scrutinizing Biden’s activities by way of an official inquiry. In its way, this, too, reflects upon the pantomime of the impeachment probe. Are there sufficient grounds to open an investigation? Emphatically there are. Two reports published last week make this plain by any reasonable measure.

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Nobody appears to know more about the Ukraine boondoggle than John Solomon. But the Hill seems to have dumped him. He publishes on his own site now.

The Real Ukraine Controversy: An Activist US Embassy (Solomon)

The first time I ever heard the name of U.S. ambassador to Ukraine Marie Yovanovitch was in early March of this year. It did not come from a Ukrainian or an ally of President Trump. It came from a career diplomat I was interviewing on background on a different story. The diplomat, as I recall, suggested that Yovanovitch had just caused a commotion in Ukraine a few weeks before that country’s presidential election by calling for the firing of one of the prosecutors aligned with the incumbent president. The diplomat related that a more senior State official, David Hale, was about to travel to Ukraine and was prepping to be confronted about Yovanovitch’s comments. I remember the diplomat joking something to the effect of, “we always say that the Geneva Convention is optional for our Kiev staff.”

The Geneva Convention is the UN-backed pact enacted during the Cold War that governs the conduct of foreign diplomats in host countries and protects them against retribution. But it strictly mandates that foreign diplomats “have a duty not to interfere in the internal affairs of that State” that hosts them. You can read the convention’s rules here. I dutifully checked out my source’s story. And sure as day, Yovanovitch did give a speech on March 5, 2019 calling for Ukraine’s special anticorruption prosecutor to be removed. You can read that here. And the Ukraine media was abuzz that she had done so. And yes, Under Secretary of State Hale, got peppered with questions upon arriving in Kiev, specifically about whether Yovanovitch’s comments violated the international rule that foreign diplomats avoid becoming involved in the internal affairs and elections of their host country.

Hale dutifully defended Yovanovitch with these careful words. “Well, Ambassador Yovanovitch represents the President of the United States here in Ukraine, and America stands behind her statements. And I don’t see any value in my own elaboration on what they may or may not have meant. They meant what she said.” You can read his comments here. Up to that point, I had focused months of reporting on Ukraine on the U.S. government’s relationship with a Ukraine nonprofit called the AntiCorruption Action Centre, which was jointly funded by liberal megadonor George Soros’ charity and the State Department. I even sent a list of questions to that nonprofit all the way back in October 2018. It never answered.

Given that Soros spent millions trying to elect Hillary Clinton and defeat Donald Trump in 2016, I thought it was a legitimate public policy question to ask whether a State Department that is supposed to be politically neutral should be in joint business with a partisan figure’s nonprofit entity.

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The one thing that was new in yesterday’s circus was Bill Taylor claiming more third-hand stories.

Trump Impeachment Inquiry: New Claims Amid Public Hearing (BBC)

A top US diplomat told impeachment hearings that President Trump directly asked about a Ukrainian investigation into his Democratic rival Joe Biden. In previously unheard testimony, Bill Taylor, the acting US ambassador to Ukraine, said a member of his staff was told Mr Trump was preoccupied with pushing for a probe into Mr Biden. He was speaking at the first public hearings in the impeachment inquiry. Mr Trump told reporters he did not recall making such comments. Mr Trump is accused of withholding US military aid to Ukraine in order to pressure the country’s new president to publicly announce a corruption inquiry into Mr Biden, among the favourites to take him on in the 2020 presidential race.


[..] During a detailed opening statement, Mr Taylor said a member of his staff had overheard a telephone call in which the president inquired about “the investigations” into Mr Biden. The call was with Gordon Sondland, the US ambassador to the European Union, who reportedly told the president over the phone from a restaurant in Kyiv that “the Ukrainians were ready to move forward”. After the call, the staff member “asked ambassador Sondland what President Trump thought about Ukraine”, Mr Taylor said. Mr Taylor said: “Ambassador Sondland responded that President Trump cares more about the investigations of Biden.” Meanwhile observers and former officials have drawn attention to the security implications of making the call from a restaurant, potentially exposing the conversation to eavesdropping by Russian intelligence.

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“Thanks to the false charges made by James Comey, John Brennan and others that Trump was a running dog for Vladimir Putin, uniforms and badges are no longer proof of rectitude. Count diminished public trust in those institutions as a lasting legacy of the Obama presidency.”

Trickster Adam Schiff Conjuring ‘Guilt’ Out Of Thin Air (NYPost)

The conclusion has always come first — get Trump — then create a justification by weaving a few thin threads together into a noose. In both cases, the Dems have relied on members of the resistance embedded in the government to serve as the hanging party. Some wear military uniforms while others are in the CIA and FBI. Thanks to the false charges made by James Comey, John Brennan and others that Trump was a running dog for Vladimir Putin, uniforms and badges are no longer proof of rectitude. Count diminished public trust in those institutions as a lasting legacy of the Obama presidency. The main problem now is that, three years after Trump’s election, these constant hair-on-fire screams sound and feel like partisan politics pretending to be apolitical.

The smell of a continuing dirty trick is hard to ignore. Schiff, of course, comes by his current role honestly in the sense that he has been a chief proponent of anything and everything that might turn the public against the president. He insisted that Trump was guilty of collusion for two years before Mueller said otherwise and then continued to say it despite Mueller. But after the special counsel’s public testimony turned out to be the dud of all duds, Russia, Russia, Russia dropped off the earth and Schiff instantly proclaimed Ukraine, Ukraine, Ukraine the new crime of the century. In a rational world, where facts matter and credibility counts, Schiff would already be consigned to history’s dustbin alongside Sen. Joe McCarthy.

Like the infamous red baiter who saw a commie behind every desk, Schiff sees evidence of “high crimes and misdemeanors” every time the president opens his mouth. It’s been that way since before Trump was inaugurated. McCarthy was not burdened by decency, as Army lawyer Joseph Welch famously noted. Schiff is similarly unburdened and so he, too, willy-nilly ruins lives and trashes reputations without a sense of guilt. Speaker Nancy Pelosi is no less culpable. In the early months after she got the gavel, she skillfully pushed back against the tide of radicalism sweeping through her party. Repeatedly, she insisted that impeachment was extremely divisive, should only be a last resort and had to have bipartisan support.

Those were her red lines, and she violated all of them. Her resolution for a formal inquiry got zero GOP votes and the public support for removing Trump is essentially limited to her party’s voters. There is no national emergency that would justify such an extreme action, and yet she gave Schiff the green light.

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Jenna Ellis Rives is a member of the Donald Trump 2020 advisory board. She is a constitutional law attorney.

Trump Impeachment Is Blueprint To Overthrow Government From Within (Rives)

The House is ready to begin public hearings this week, furthering the partisan move by the Democrats to impeach President Trump in a blatant abuse of constitutional authority. Representative Adam Schiff said in a press conference, “These open hearings will be an opportunity for the American people to evaluate the witnesses for themselves and also to learn firsthand about the facts of the president’s misconduct.” There are several problems with this statement. First, Schiff is already characterizing the outcome of the investigation. As the chairman of the House Intelligence Committee, he serves as a key arbiter of the inquiry under the resolution. As such, he is in a position that demands an unbiased irreproachable ethic in evaluating requests for subpoenas and testimony.

Any judge in a similar position would be required to recuse himself with even a hint of the pure bias Schiff has displayed, including coordination with the Ukraine whistleblower and other actions. The Democrats do not even pretend that their impeachment game is fair or actually about fact finding. This is simply about using a grant of power in the Constitution arbitrarily and politically, outside the bounds of due process and the purpose of that authority. Although the House does have the “sole power” of impeachment, that is a grant of jurisdiction, not a license to proceed on purely partisan motivation. Article One must work coordinately and not inconsistently with Article Two, which provides the legal basis upon which a sitting president may be impeached.

Second, Schiff demonstrates this is all about media play in the court of public opinion. Voters have no power or responsibility in an impeachment proceeding. The drafters of the Constitution intended the impeachment and removal process to be exercised only when there was sufficient evidence that the subject of the impeachment had committed a legally qualifying offense. This is not about whether impeachment is popular in the polls or whether a majority of Americans prefer it. Transparency in the context of this quasi judicial process is to provide fundamental fairness and due process for the president. Why are the Democrats so hellbent on blatantly refusing to allow Republican subpoenas and witnesses?

It is because it is a sham. Yet the Democrats are openly admitting that their goal is to try this in the media and attempt to dishonestly convince us that somehow we too should hate Donald Trump. They are hoping to convince us not to vote for him. That is not a legitimate or constitutional purpose of an impeachment. It is rather ironic that they claim his “crime” is an alleged quid pro quo to gain political advantage, while they are manipulating the power of impeachment for their political advantage. It is Schiff and other Democrats like House Speaker Nancy Pelosi who should be impeached. There is an actual constitutional basis for that.

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And the series keeps going on.

Here Are The Payments To Hunter Biden, Leaked From Ukraine (CDMedia)

The information below has been leaked from the Ukrainian General Prosecutor’s office and acquired from intelligence sources within Ukraine; it is part of investigative materials acquired during an investigation into Biden corruption. As CD Media has reported previously, the National Anti-Corruption Bureau Of Ukraine (NABU) has succeeded in shutting down all investigations into Hunter Biden, Joseph Biden, Burisma owner Mykola Zlochevskiy, former Ukrainian President Petro Poroshenko, and former Polish President Aleksander Kwasniewskiy. NABU is controlled by Obama/Soros linked operatives and was created to coverup Democrat, Biden, Deep State, State Department corruption during the Obama Administration and the years after in which this cabal went after duly-elected President Trump.

Prosecutors who desire the information to get out in spite of the Deep State’s efforts to prevent such a release and prevent investigations to continue, have leaked to CD Media. The highlighted sections describe: According to the Department of Financial Monitoring (Counter-intelligence) of Latvia, the following sums of money were obtained from Busima Holding Limited (Cyprus) to the account of Burisma Holding Limited (Cyprus) which is open at AS PrivatBank in Latvia: money transfer of 14 655 982 US Dollars and 366 015 EUR from the company “Wirelogic Technology AS”, and 1 9 64 375 US dollars from “Digitex Organization LLP” based on the credit agreements. (Note: credit agreements here mean “intra-company” transactions to decrease the taxes to be paid or “credit agreement” also serve as means of hidden dividend payments).


Further, the part of the sums described above, the money was transferred to Alan Apter (302 885 EUR), Alexander Kwasniewski (1 150 000 EUR), Devon Archer and Hunter Biden. Additional information was leaked: BURISMA HOLDINGS LIMITED during a period from 18th November 2014 to 16th November 2015 transacted 45 money transfers through MORGAN STANLEY SMITH BARNEY LLC in the sum of 3.5 mln US Dollars. The recipient of the money transfer is the company Rosemont Seneca Bohai LLC (belongs to Devon Archer). Note: The company belongs to Devon Archer and Kerry Family including Kerry Senior, Kerry Junior, Heinz Jr and Hunter Biden. Devon Archer, Kerry Jr, Heinz Jr and Hunter Biden are listed as partners in Rosement Seneca Fund, Rosemont Seneca Partners and affiliated Rosemont Seneca other companies.

Read more …

“EPSTEIN DIDN’T KILL HIMSELF”

Lawmaker Posts Cryptic Jeffrey Epstein Message During Impeachment Hearing (G.)

Conspiracy theories have abounded ever since Jeffrey Epstein’s death in a New York jail was ruled a suicide, with figures on the right and left claiming he was murdered. On Wednesday, a US congressman weighed in with his own cryptic message. Republican Paul Gosar, a staunch conservative from Arizona, issued a series of 23 tweets over a roughly eight-hour period railing against the Democrats’ impeachment investigation of Donald Trump. Taken together, the first letter of each tweet spells: “EPSTEIN DIDN’T KILL HIMSELF”. As the first public impeachment hearing got under way, it was unclear what prompted the timing of Gosar’s message. Asked whether it was intentional, his communications director, Ben Goldey, replied with an equally cryptic comment:

All of the tweets pertained to testimony from today’s hearing.

Rest assured, they are substantive.

Every one of them.

All of them.

5 were brilliant.

1 was ok.

Zealous Twitter users picked up on the original message, which was easy to miss as it was couched in standard-issue rightwing complaints: “No quid pro quo”, “Democrats are desperate”, “Hillary Clinton and the DNC funded a foreign spy”. A few hours later, however, Gosar’s account posted Goldey’s comment with the first letter of each line bolded, making the message clear.

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Yeah, Jay Powell, very strong economy.

The Holy-Cow Moment for Subprime Auto Loans (WS)

Serious auto-loan delinquencies – auto loans that are 90 days or more past due – in the third quarter of 2019, after an amazing trajectory, reached a historic high of $62 billion, according to data from the New York Fed today. This $62 billion of seriously delinquent loan balances are what auto lenders, particularly those that specialize in subprime auto loans, such as Santander Consumer USA, Credit Acceptance Corporation, and many smaller specialized lenders are now trying to deal with. If they cannot cure the delinquency, they’re hiring specialized companies that repossess the vehicles to be sold at auction. The difference between the loan balance and the proceeds from the auction, plus the costs involved, are what a lender loses on the deal.

The repo business, however, is booming. But delinquencies are a flow: As current delinquencies are hitting the lenders’ balance sheet and income statement, the flow continues and more loans are becoming delinquent. And lenders are still making new loans to risky customers and a portion of those loans will become delinquent too. And now the flow of delinquent loans is increasing – and this isn’t going to stop anytime soon: These loans are out there and new one are being added to them, and a portion of them will be defaulting. Total outstanding balances of auto loans and leases in Q3, according to the New York Fed’s measure (higher and more inclusive than the Federal Reserve Board of Governors’ consumer credit data) rose to $1.32 trillion:

Read more …

Upon the death of White Helmets co-founder James Le Mesurier, Murray lists some 20 UK journalists who all follow the Twitter account of “Philip Cross”, which has only ever retweeted things without posting one original tweet. “Philip Cross”, though, has changed Wikipedia pages for 2,987 consecutive days, and made dozenns of changes to Le Mesurier’s page in the 24 hours after his death.

Le Mesurier Gets Cross (Craig Murray)

This week, on the day of Le Mesurier’s death, “Philip Cross” made 48 edits to Le Mesurier’s Wikipedia page, each one designed to expunge any criticism of the role of the White Helmets in Syria or reference to their close relationship with the jihadists. “Philip Cross” has been an operation on a massive scale to alter the balance of Wikipedia by hundreds of thousands of edits to the entries, primarily of politically engaged figures, always to the detriment of anti-war figures and to the credit of neo-con figures. An otherwise entirely obscure but real individual named Philip Cross has been identified who fronts the operation, and reputedly suffers from Aspergers. I however do not believe that any individual can truly have edited Wikpedia articles from a right wing perspective, full time every single day for five years without one day off, not even a Christmas, for 2,987 consecutive days.


I should declare here the personal interest that “Philip Cross” has made over 120 edits to my own Wikipedia entry, including among other things calling my wife a stripper, and deleting the facts that I turned down three honours from the Crown and was eventually cleared on all disciplinary charges by the FCO. I hazard the guess that at least several of the above journalists follow “Philip Cross” on twitter because they are a part of the massive Wikipedia skewing operation operating behind the name of “Philip Cross”. If anybody has any better explanation of why they all follow “Philip Cross” on twitter I am more than willing to hear it.

Read more …

“Nine unaccompanied girls were sleeping on the floor in a 10 metre sq container next to the police office, with no bathroom or shower.”

Greek Refugee Camp For 640 People Is Found To Be Housing 3,745 (G.)

An EU-funded refugee camp on the Greek island of Samos built to house 640 people is home to 3,745, with unaccompanied children forced to sleep on the floor of windowless and overcrowded containers, an official audit has revealed. Other children were found to be living in makeshift tents or in derelict buildings on the outskirts of the camp in what the special report from the European court of auditors described as “dire conditions”. “Seventy-eight unaccompanied minors were in tents or abandoned derelict houses outside the hot spot, in unofficial extensions to the facility,” the auditors said. “Nine unaccompanied girls were sleeping on the floor in a 10 metre sq container next to the police office, with no bathroom or shower.”


The situation at Greek facilities on Samos and at the island of Lesbos are described as “highly critical in terms of capacity and the situation of unaccompanied minors”, due to a failure of the bloc’s relocation and return scheme for migrants coming to Europe from countries such as Syria. The auditors’ findings were echoed on Wednesday in appeals made by the mayor of Samos, Georgios Stantzos, who warned of riots due to the “primitive” conditions. Last month, a fire broke out in the camp after a brawl in town between rival groups of Syrians and Afghans.

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Nov 082019
 
 November 8, 2019  Posted by at 9:40 am Finance Tagged with: , , , , , , , , , ,  16 Responses »


Whatever happened to Nancy?

 

NATO Alliance Experiencing Brain Death, Says Macron (BBC)
Merkel & Stoltenberg Slam Macron’s ‘Brain-Dead NATO’ Comment (RT)
Big Tech Is Dragging Us Towards The Next Financial Crash (G.)
Fed Goes Nuts with Repos & T-Bills but Sheds Mortgage Backed Securities (WS)
Colonel Vindman Is an ‘Expert’ With an Agenda (Giraldi)
Obama Admin Tried To Partner With Hunter Biden’s Ukraine Gas Firm (Solomon)
Assange Lawyers’ Links To US Govt & Bill Browder (Komisar)
Brazil Court Ruling Could Free Lula (BBC)
Human Population Came From Our Ability To Cooperate (PhysOrg)

 

 

A slow quarter for French arms sales?

NATO Alliance Experiencing Brain Death, Says Macron (BBC)

President Emmanuel Macron of France has described Nato as “brain dead”, stressing what he sees as waning commitment to the transatlantic alliance by its main guarantor, the US. Interviewed by the Economist, he cited the US failure to consult Nato before pulling forces out of northern Syria. He also questioned whether Nato was still committed to collective defence. German Chancellor Angela Merkel, a key ally, said she disagreed with Mr Macron’s “drastic words”.


Russia, which sees Nato as a threat to its security, welcomed the French president’s comments as “truthful words”. Nato, which celebrates 70 years since its founding at a London summit next month, has responded by saying the alliance remains strong. “What we are currently experiencing is the brain death of Nato,” Mr Macron told the London-based newspaper. He warned European members that they could no longer rely on the US to defend the alliance, established at the start of the Cold War to bolster Western European and North American security.

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Oh wait, it’s time to play good cop bad cop. Gotcha.

Merkel & Stoltenberg Slam Macron’s ‘Brain-Dead NATO’ Comment (RT)

NATO is alive and well and integral to Europe’s security, German chancellor Angela Merkel and NATO Secretary Jens Stoltenberg have insisted, hitting back at French President Emmanuel Macron’s claim the alliance is “brain-dead.” Macron’s “drastic words” were “unnecessary, even if we do have problems and must get it together,” Merkel complained at a Berlin news conference on Thursday, insisting the “transatlantic partnership is indispensable for us.” Stoltenberg backed her up, declaring “European unity cannot replace transatlantic unity,” and warning that the EU cannot defend Europe without outside assistance. When the UK finally leaves the alliance, some 80 percent of NATO’s defense will be funded by non-EU countries, he warned.

The general secretary praised Germany as “the heart of NATO” and lauded Merkel’s government for boosting its military spending. With most of NATO’s member countries failing to chip in their promised 2 percent of GDP, Germany announced on Thursday it hopes to hit that target for the first time by 2031 – seven years later than the date agreed upon by the alliance’s members in 2014. That fervent defense of the military bloc’s image hardly addressed the problems brought up by Macron, though. Macron had urged France’s fellow NATO members to “reassess the reality of what NATO is in light of the commitment of the United States” in an interview with The Economist published Thursday, suggesting “we are currently experiencing the brain-death of NATO” and lamenting that Europe was losing its grip on its “destiny.”

After the US’ unilateral decision to pull troops out of Syria without consulting the rest of NATO, Europe can hardly trust the Americans to defend it, Macron suggested.

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I think it’s the Fed, not Apple.

Big Tech Is Dragging Us Towards The Next Financial Crash (G.)

In every major economic downturn in US history, the ‘villains’ have been the ‘heroes’ during the preceding boom,” said the late, great management guru Peter Drucker. I cannot help but wonder if that might be the case over the next few years, as the United States (and possibly the world) heads toward its next big slowdown. Downturns historically come about once every decade, and it has been more than that since the 2008 financial crisis. Back then, banks were the “too-big-to-fail” institutions responsible for our falling stock portfolios, home prices and salaries. Technology companies, by contrast, have led the market upswing over the past decade. But this time around, it is the big tech firms that could play the spoiler role.

You wouldn’t think it could be so when you look at the biggest and richest tech firms today. Take Apple. Warren Buffett says he wished he owned even more Apple stock. (His Berkshire Hathaway has a 5% stake in the company.) Goldman Sachs is launching a new credit card with the tech titan, which became the world’s first $1tn market-cap company in 2018. But hidden within these bullish headlines are a number of disturbing economic trends, of which Apple is already an exemplar. Study this one company and you begin to understand how big tech companies – the new too-big-to-fail institutions – could indeed sow the seeds of the next crisis. No matter what the Silicon Valley giants might argue, ultimately, size is a problem, just as it was for the banks. This is not because bigger is inherently bad, but because the complexity of these organisations makes them so difficult to police. Like the big banks, big tech uses its lobbying muscle to try to avoid regulation. And like the banks, it tries to sell us on the idea that it deserves to play by different rules.

Consider the financial engineering done by such firms. Like most of the largest and most profitable multinational companies, Apple has loads of cash – around $210bn at last count – as well as plenty of debt (close to $110bn). That is because – like nearly every other large, rich company – it has parked most of its spare cash in offshore bond portfolios over the past 10 years. This is part of a Kafkaesque financial shell game that has played out since the 2008 financial crisis. Back then, interest rates were lowered and central bankers flooded the economy with easy money to try to engineer a recovery. But the main beneficiaries were large companies, which issued lots of cheap debt, and used it to buy back their own shares and pay out dividends, which bolstered corporate share prices and investors, but not the real economy. The Trump corporate tax cuts added fuel to this fire. Apple, for example, was responsible for about a quarter of the $407bn in buy-backs announced in the six months or so after Trump’s tax law was passed in December 2017 – the biggest corporate tax cut in US history.

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Will future history books recognize that the Fed collapsed the economy, or will they say it happened DESPITE their genius interventions?

Fed Goes Nuts with Repos & T-Bills but Sheds Mortgage Backed Securities (WS)

Total assets on the Fed’s balance sheet, released today, jumped by $94 billion over the past month through November 6, to $4.04 trillion, after having jumped $184 billion in September. Over those two months combined, as the Fed got suckered by the repo market, it piled $278 billion onto it balance sheet, the fastest increase since the post-Lehman month in late 2008 and early 2009, when all heck had broken loose – this is how crazy the Fed has gotten trying to bail out the crybabies on Wall Street:

In response to the repo market blowout that recommenced in mid-September, the New York Fed jumped back into the repo market with both feet. Back in the day, it used to conduct repo operations routinely as its standard way of controlling short-term interest rates. But during the Financial Crisis, the Fed switched from repo operations to emergency bailout loans, zero-interest-rate policy, QE, and paying interest on excess reserves. Repos were no longer needed to control short-term rates and were abandoned.


Then in September, as repo rates spiked, the New York Fed dragged its big gun back out of the shed. With the repurchase agreements, the Fed buys Treasury securities and mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac, or Ginnie Mae, and hands out cash. When the securities mature, the counter parties are required to take back the securities and return the cash plus interest to the Fed. Since then, the New York Fed has engaged in two types of repo operations: Overnight repurchase agreements that unwind the next business day; and multi-day repo operations, such as 14-day repos, that unwind at maturity, such as after 14 days.

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“Vindman’s concern is all about Ukraine without any explanation of why the United States would benefit from bilking the taxpayer to support a foreign deadbeat one more time. ”

Colonel Vindman Is an ‘Expert’ With an Agenda (Giraldi)

Washington inside-the-beltway and the Deep State choose to blame the mess in Ukraine on Russian President Vladimir Putin and the established narrative also makes the absurd claim that the political situation in Kiev is somehow important to US national security. The preferred solution is to provide still more money, which feeds the corruption and enables the Ukrainians to attack the Russians. Colonel Vindman, who reported to noted hater of all things Russian Fiona Hill, who in turn reported to By Jingo We’ll Go To War John Bolton, was in the middle of all the schemes to bring down Russia. His concern was not really over Trump vs. Biden. It was focused instead on speeding up the $380 million in military assistance, to include offensive weapons, that was in the pipeline for Kiev.

And assuming that the Ukrainians could actually learn how to use the weapons, the objective was to punish the Russians and prolong the conflict in Donbas for no reason at all that makes any sense. Note the following additional excerpt from Vindman’s prepared statement: “….I was worried about the implications for the US government’s support of Ukraine…. I realized that if Ukraine pursued an investigation into the Bidens and Burisma, it would likely be interpreted as a partisan play which would undoubtedly result in Ukraine losing the bipartisan support it has thus far maintained.” Vindman’s concern is all about Ukraine without any explanation of why the United States would benefit from bilking the taxpayer to support a foreign deadbeat one more time.

One wonders if Vindman was able to compose his statement without a snicker or two intruding. He does eventually go on to cover the always essential national security angle, claiming that “Since 2008, Russia has manifested an overtly aggressive foreign policy, leveraging military power and employing hybrid warfare to achieve its objectives of regional hegemony and global influence. Absent a deterrent to dissuade Russia from such aggression, there is an increased risk of further confrontations with the West. In this situation, a strong and independent Ukraine is critical to US national security interests because Ukraine is a frontline state and a bulwark against Russian aggression.”

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“Burisma’s own American legal team was lobbying State to help eliminate the corruption allegations against it in Ukraine.”

Obama Admin Tried To Partner With Hunter Biden’s Ukraine Gas Firm (Solomon)

A State Department official who served in the U.S. embassy in Kiev told Congress that the Obama administration tried in 2016 to partner with the Ukrainian gas firm that employed Hunter Biden but the project was blocked over corruption concerns. George Kent, the former charge d’affair at the Kiev embassy, said in testimony released Thursday that the State Department’s main foreign aid agency, known as USAID, planned to co-sponsor a clean energy project with Burisma Holdings, the Ukrainian gas firm that employed Hunter Biden as a board member. At the time of the proposed project, Burisma was under investigation in Ukraine for alleged corruption. Those cases were settled in late 2016 and early 2017. Burisma contested allegations of corruption but paid a penalty for tax issues.

Kent testified he personally intervened in mid-2016 to stop USAID’s joint project with Burisma because American officials believed the corruption allegations against the gas firm raised concern. “There apparently was an effort for Burisma to help cosponsor, I guess, a contest that USAID was sponsoring related to clean energy. And when I heard about it I asked USAID to stop that sponsorship,” Kent told lawmakers. When asked why he intervened, he answered: “”Because Burisma had a poor reputation in the business, and I didn’t think it was appropriate for the U.S. Government to be co-sponsoring something with a company that had a bad reputation.”

[..] And internal State memos I obtained this week under FOIA show Hunter Biden and Archer had multiple contacts with Secretary of State John Kerry and Deputy Secretary Tony Blinken in 2015-16, and that Burisma’s own American legal team was lobbying State to help eliminate the corruption allegations against it in Ukraine. Hunter Biden’s name was specifically invoked as a reason why State officials should assist, the memos show. A month after Burisma’s contact with State, Joe Biden leveraged the threat of withholding U.S. foreign aid to force Ukraine to fire its chief prosecutor, Viktor Shokin, who at the time was overseeing the Burisma probe.

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Yes, worrying.

Assange Lawyers’ Links To US Govt & Bill Browder (Komisar)

Now look at another Assange link. Mark Summers, who is representing Julian Assange is, along with Bailin, a member of Matrix Chambers. But while he is Assange’s lawyer, Summers is acting for Assange’s persecutor, the U.S. government, in a major extradition case involving executives of Credit Suisse in 2013 making fake loans and getting kickbacks from Mozambique government officials. Does Assange, or those who care about his interests, know he is part of chambers working for the U.S. government? And where do you put this factoid? Alex Bailin is representing Andrew Pearse, one of the Credit Suisse bankers that the U.S. government, represented by Summers, is seeking to extradite!

But there’s chambers where two members are each supporting both Browder and Assange. Geoffrey Robertson is founder of Doughty Street Chambers. He is also a longtime Browder / Magnitsky story promoter. He has pitched implementation of a Magnitsky Act in Australia and has served Browder in UK court. In 2017 British legal actions surrounding an inquest into the death of Alexander Perepilichnyy, he represented Browder, who claimed that the Russian, who died of a heart attack, was somehow a victim of Russian President Putin. Perepilichnyy had lost money in investments he was handling for clients and had to get out of town.

Needing support, he decamped to London and gave Browder documents relating to his client’s questionable bank transfers. He died after a jog, Browder claimed he was poisoned by a rare botanical substance, obviously ordered by Putin, but forensic tests found that untrue. Robertson accused local police of a cover-up. He is a legal advisor to Assange and is regularly interviewed by international media about the case. Jennifer Robinson of Doughty Street Chambers also has a Browder connection. She is acting for Paul Radu a journalist and official of the Organized Crime and Corruption Reporting Project (OCCRP) which is being sued by an Azerbaijan MP. OCCRP is a Browder collaborator.

Browder admits in a deposition that OCCRP prepared documents he would give to the U.S. Justice Department to accuse the son of a Russian railway official of getting $1.9 million of $230 million defrauded from the Russian Treasury. The case was settled when the U.S. couldn’t prove the charge, and the target declined to spend more millions of dollars in his defense. OCCRP got the first Magnitsky Human Rights award, set up for Browder’s partners and acolytes. Robinson is also the longest-serving member of Assange’s legal team. She acted for Assange in the Swedish extradition proceedings and in relation to Ecuador’s request to the Inter-American Court of Human Rights Advisory Opinion proceedings on the right to asylum.

Why did Assange or his advisors choose lawyers associated with the interests of the U.S. government and Browder? Or how could those lawyers be so ignorant about the facts of Browder’s massive tax evasion and his Magnitsky story fabrications?

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Imagine a country so corrupt you can put your political counterparts on trial.

Brazil Court Ruling Could Free Lula (BBC)

Brazil’s top court has voted to overturn a rule about the jailing of criminals – a change which could lead to ex-President Luiz Inácio Lula da Silva being freed from custody. The ruling, announced on Thursday, stipulates that convicted criminals should go to prison only after they have exhausted their appeal options. The change could lead to the release of thousands of prisoners, including Lula. The left-winger led Brazil between 2003 and 2010, but was jailed last year. He was favourite to win last year’s presidential election but was imprisoned after being implicated in a major corruption investigation.


However, even if he is released, he will be barred from standing for office because of his criminal record. Lula has consistently denied all the accusations against him and claims they are politically motivated. After he was barred from running, right-wing candidate Jair Bolsonaro went on to win the race. Lula’s lawyers say they will seek the former president’s “immediate release” after speaking to him on Friday.

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And here I was thinking opposable thumbs.

Human Population Came From Our Ability To Cooperate (PhysOrg)

Humans may owe their place as Earth’s dominating species to their ability to share and cooperate with each other, according to a new study published in the Journal of Anthropological Research. In “How There Got to Be So Many of Us: The Evolutionary Story of Population Growth and a Life History of Cooperation,” Karen L. Kramer explores the deep past to discover the biological and social underpinnings that allowed humans to excel as reproducers and survivors. She argues that the human tendency to bear many children, engage in food sharing, division of labor, and cooperative childcare duties, sets us apart from our closest evolutionary counterparts, the apes.

In terms of population numbers, few species can compare to the success of humans. Though much attention on population size focuses on the past 200 years, humans were incredibly successful even before the industrial revolution, populating all of the world’s environments with more than a billion people. Kramer uses her research on Maya agriculturalists of Mexico’s Yucatan Peninsula and the Savanna Pumé hunter-gatherers of Venezuela to illustrate how cooperative childrearing increases the number of children that mothers can successfully raise and—in environments where beneficial—even speed up maturation and childbearing. Kramer argues that intergenerational cooperation, meaning that adults help support children, but children also share food and many other resources with their parents and other siblings, is at the center of humans’ demographic success. “Together our diet and life history, coupled with an ability to cooperate, made us really good at getting food on the table, reproducing, and surviving,” Kramer writes.

[..] She found that Maya children contributed a substantial amount of work to the family’s survival, with those aged 7-14 spending on average 2 to 5 hours working each day, and children aged 15-18 spending as much as their parents, about 6.5 hours a day. Labor type varied, with younger children doing much of the childcare, older children and fathers fill in much of the day-today cost of growing and processing food and running the household. “If mothers and juveniles did not cooperate, mothers could support far fewer children over their reproductive careers,” Kramer writes. “It is the strength of intergenerational cooperation that allows parents to raise more children than they would otherwise be able to on their efforts alone.”

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Nov 072019
 
 November 7, 2019  Posted by at 9:45 am Finance Tagged with: , , , , , , , ,  5 Responses »


Dorothea Lange Rear window tenement dwelling, 133 Avenue D, NYC June 1936

 

Dems’ ‘Star Witness’ Wasn’t On Trump-Ukraine Call, Sole Source Was NYT (ZH)
Top US Diplomat’s Damning Account Of Quid Pro Quo With Ukraine (CNN)
Adam Schiff Announces First Public Impeachment Hearings (ZH)
Trump Jr. Outs CIA Whistleblower Over Twitter (ZH)
Hunter Biden Took ‘Off The Books’ Payments From Burisma, Aided By FBI (CDM)
Ukrainians Pimped Hunter Biden’s Seat For Leverage With Obama State Dept (ZH)
‘Coup Has Started,’ Whistleblower’s Attorney Said In 2017 (Fox)
Jeffrey Epstein’s Brother Talks ‘Unexplained’ Injuries on Shoulder, Wrist (ET)

 

 

The US is becoming so divided it’s time to ‘heal’ before it’s too late. This whole impeachment thing should have been bipartisan from the start, but it hasn’t at all. The Dems have tried from the get-go to block the GOP from getting involved. And even now, as they claim hearings will become public, they put restraints on Republican House members. That will not end well.

Point in case: the first two articles below, one from Zero Hedge, the other from CNN, draw 180º different conclusions from the exact same material. And then that is supposed to move smoothly into the 2020 election process?

The testimonies from Taylor and Sondland appear tainted. The whistleblower who isn’t one refuses to talk, but is ‘willing’ to answer written questions (or rather his lawyers are). The Dems try to keep him anonymous while his identity has been out there for everyone to see. And looking at his background it’s not hard to see why they don’t want him to testify. But the entire process has become so distorted that no-one should want to be part of it.

Open it up!

 

 

“.. you’re telling us that Tim Morrison told you that Ambassador Sondland told him that the president told Ambassador Sondland that Zelensky would have to open an investigation into Biden?” “That’s correct,” Taylor admitted.”

Dems’ ‘Star Witness’ Wasn’t On Trump-Ukraine Call, Sole Source Was NYT (ZH)

“And this isn’t firsthand. It’s not secondhand. It’s not thirdhand,” Rep. Lee Zeldin, R-N.Y., said to Taylor. “But if I understand this correctly, you’re telling us that Tim Morrison told you that Ambassador Sondland told him that the president told Ambassador Sondland that Zelensky would have to open an investigation into Biden?” “That’s correct,” Taylor admitted. “So do you have any other source that the president’s goal in making this request was anything other than The New York Times?” Zeldin asked. “I have not talked to the president,” Taylor said. “I have no other information from what the president was thinking.”

Additionally, as The Federalist notes, under questioning from Rep. John Ratcliffe, R-Texas, Taylor also testified that the Ukrainian government wasn’t aware U.S. military funding had been temporarily suspended until late August, and then only after the information was leaked to the news media, meaning an alleged quid pro quo would have been impossible. “So, if nobody in the Ukrainian government is aware of a military hold at the time of the Trump-Zelensky call, then, as a matter of law and as a matter of fact, there can be no quid pro quo, based on military aid,” Ratcliffe, a former federal prosecutor, said. “I just want to be real clear that, again, as of July 25th, you have no knowledge of a quid pro quo involving military aid.”

“July 25th is a week after the hold was put on the security assistance,” Taylor testified. “And July 25th, they had a conversation between the two presidents, where it was not discussed.” “And to your knowledge, nobody in the Ukrainian government was aware of the hold?” Ratcliffe asked. “That is correct,” Taylor responded. The Democrats may need a better witness.

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Ye olde defense: “There is no evidence of wrongdoing in Ukraine by either Joe or Hunter Biden”. And there won’t be if you succeed in frustrating any investigation.

Top US Diplomat’s Damning Account Of Quid Pro Quo With Ukraine (CNN)

In his opening statement, which was published when he testified on October 22, Taylor explained that Sondland told him “everything” Ukraine wanted was conditioned on the investigation. There is no evidence of wrongdoing in Ukraine by either Joe or Hunter Biden. House Intelligence Chairman Adam Schiff announced Wednesday that Taylor would testify next week on Wednesday, the first day that Democrats will hold public impeachment hearings. Taylor’s testimony provided a damning account of how Trump told his appointees to establish a quid pro quo with Ukraine, trading much-needed US military assistance for political favors from Zelensky.

Taylor, a career official who remains in his post in Kiev, testified that he was prepared to resign amid the holdup of aid, and he explained in more detail what he meant in text messages describing a “nightmare” for Ukraine that would have prompted his departure. “‘The nightmare’ is the scenario where President (Volodymyr) Zelensky goes out in public, makes an announcement that he’s going to investigate Burisma and the election in 2016, interference in 2016 election, maybe among other things,” Taylor told the House committees. “The nightmare was he would mention those two, take all the heat from that, get himself in big trouble in this country and probably in his country as well, and the security assistance would not be released. That was the nightmare.”

In the wake of his testimony, Trump accused Taylor of being a “Never Trumper.” Trump made this claim even though there is zero public evidence to support his assertion, and available information paints Taylor as a respected and apolitical career diplomat.

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The first public hearing will be that of Bill Taylor, whose testimony they already took -and leaked from- two weeks ago, and which they released on Wednesday? Now they want a do-over? What’s the story, morning glory?

Adam Schiff Announces First Public Impeachment Hearings (ZH)

After weeks of secretive impeachment proceedings from which House Democrats have largely excluded Republican lawmakers, House Intelligence Chairman Adam Schiff (D-CA) announced on Twitter Wednesday that his committee will hold its first public impeachment hearings next week. Unsurprisingly, those with the most damaging testimony will be peddled out, while witnesses who gave exonerating testimony such as special envoy Kurt Volker and Ambassador Gordon Sondland are notably absent from the roster. First up? On Wednesday, November 13 the panel will hear from Bill Taylor – the top US diplomat in Ukraine who told house investigators last month that he believes there was a quid pro quo between the Trump administration and Ukraine.

Taylor notably expressed his concerns in a Sept. 9 text message to US ambassador to the EU, Gordon Sondland, saying: “I think it’s crazy to withhold security assistance for help with a political campaign.” To which Sondland, dictating from Trump, replies “Bill, I believe you are incorrect about President Trump’s intentions. The President has been crystal clear no quid pro quo’s of any kind,” adding “I suggest we stop the back and forth by text.” Sondland, meanwhile, ‘updated’ his earlier testimony to clarify that he told a top Ukrainian official that the country would need to commit to investigating former VP Joe Biden and other Democrats in exchange for the release of nearly $400 million in US military aid.

“I said that resumption of the U.S. aid would likely not occur until Ukraine provided the public anticorruption statement that we had been discussing for many weeks,” said Sondland. That said, Sondland also testified that his quid pro quo comments were his opinion, and that President Trump specifically said he did not want one.

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No he didn’t really, the name was known to half the country.

Trump Jr. Outs CIA Whistleblower Over Twitter (ZH)

Drama ensued on Wednesday after Donald Trump Jr. tweeted a Breitbart News article which contained the name of the alleged Trump-Ukraine whistleblower, Eric Ciaramella. The article, written by Breitbart senior investigative reporter New York Times bestselling author and Aaron Klein, details how Ciaramella was central to the Obama administration’s Ukraine policy – including the eventual signing of a $1 billion US loan guarantee after former VP Joe Biden pressured them into firing the guy investigating an energy company paying his son to sit on their board, Burisma Holdings.


In response to Trump Jr. tweeting Ciaramella’s name, journalist Yashar Ali (who worked for Hillary Clinton’s 2008 presidential campaign) contacted Don Jr., who told him “The outrage on this is BS. And those pretending that I would coordinate with The White House to send out a Breitbart link haven’t been watching my feed for a long time.” Don Jr. then tweeted “The entire media is #Triggered that I (a private citizen) tweeted out a story naming the alleged whistleblower. Are they going to pretend that his name hasn’t been in the public domain for weeks now? Numerous people & news outlets including Real Clear Politics already ID’d him.”

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CD Media continues its Ukraine series.

Hunter Biden Took ‘Off The Books’ Payments From Burisma, Aided By FBI (CDM)

Oleksandr Onyshchenko was elected to the Ukrainian Parliament in 2012. He served From November 2014 until 2016 as the deputy chairman of the Parliament Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety. He states on his website: “However, his political career would be cut short in the summer of 2016 after he was revealed to be an opposition supporter who was secretly helping opposition leader and Former Prime Minister Yulia Tymoshenko and her “Fatherland” party. A politically-motivated charge of embezzlement was placed against him by then-President Poroshenko and Mr Onyshchenko had to flee the country. On February 6 2017, The German Higher Regional Court of Koblenz issued a decision which ruled out any criminality in the actions of Mr Onyshchenko. Most notably, the State of Ukraine did not give any evidence of Mr Onyshchenko’s involvement in criminal activity, and no definitive circumstances were shown.”

Onyshchenko currently lives in Western Europe but intends to return to Ukraine to fight the corrupt schemes put in place by former President Poroshenko and to aid the Zelensky administration in such efforts. In Onyshchenko’s former oversight role over Ukrainian energy security, he was in a unique position to acquire information on Burisma and their dealings with the Biden family. In our extensive discussions with Onyshchenko, CD Media can report that he confirmed Hunter Biden took ‘off the books’ payments totally millions from Burisma. “There were ‘official’ and ‘unofficial’ payments to the Biden family,” Onyshchenko stated.

Onyshchenko also confirmed that former FBI agent Karen Greenway, who oversaw the Obama administration’s anti-corruption efforts in Eastern Europe, directed the coverup of the Biden scandal at the time, in concert with the U.S. embassy in Kyiv, and other Deep State American government assets ‘in-country’.

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Let’s hope Zelensky orders an in-depth probe of Burisma.

Ukrainians Pimped Hunter Biden’s Seat For Leverage With Obama State Dept (ZH)

Ukrainian gas giant Burisma leveraged their relationship with Hunter Biden in order to curry favor with the Obama State Department in 2016, according to the Wall Street Journal, citing documents released in response to a Freedom of Information Act request submitted by journalist John Solomon. Burisma, represented by American lobbying firm Blue Star Strategies (founded by former Clinton administration officials Sally Painter and Karen Tramontano), mentioned Hunter Biden’s name in email exchanges with State Department staff while seeking a meeting – ” then mentioned him again during the meeting as part of an effort to improve Burisma’s image in Washington,” according to the report.

The email exchanges between State Department staffers show that Karen Tramontano, chief executive of Blue Star, cited Mr. Biden’s position in trying to secure a meeting with a senior official at the State Department. “She noted that two high profile U.S. citizens are affiliated with the company (including Hunter Biden as a board member),” the special assistant at the Office of the Undersecretary for Economic Growth, Energy and the Environment wrote in the Feb. 24, 2016, email. “Ms. Tramontano met with the undersecretary, Catherine Novelli, on March 1, 2016, the documents show. During the meeting, Ms. Tramontano mentioned Mr. Biden served on the company’s board, according to a former State Department official familiar with the discussion.” -Wall Street Journal

The 2016 lobbying effort was an attempt to change Burisma’s reputation in Washington. Hunter Biden was appointed to the board of Burisma in 2014 while his father was Vice President, and Obama’s ‘point man’ on Ukraine policy. The elder Biden notoriously pressured Ukraine’s president to fire the country’s lead prosecutor, Viktor Shokin, who was leading a wide-ranging investigation into Burisma at the time. While MSM outlets have reported that the probe had been long-closed by the time, however Shokin said in a sworn affidavit “I was forced out because I was leading a wide-range corruption probe into Burisma Holdings, a natural gas firm active in Ukraine, and Joe Biden’s son, Hunter, was a member of the board of directors.”

Blue Star’s efforts for Burisma came as the company and its Ukrainian tycoon founder, Mykola Zlochevsky, faced investigations in Ukraine focused on allegations of tax irregularities, money laundering and illegal enrichment Mr. Zlochevsky was never charged, and a lawyer for Burisma said at the time that the investigations were closed because of a lack of evidence. The dropping of the investigations in 2016 came after Ukraine’s prosecutor general was dismissed. Vice President Biden and European Union officials had brought pressure on the prosecutor, seeing him as a hindrance to anticorruption efforts. His dismissal has been seized upon by Mr. Trump’s personal attorney Rudy Giuliani as evidence that Vice President Biden exerted undue pressure on Kyiv to help his son. -Wall Street Journal

Amazing, nobody cites Shokin’s affidavit claiming he was fired for investigating Burisma. House Democrats, meanwhile, have been conducting an impeachment inquiry against President Trump, whose attorney Rudy Giuliani has been conducting an investigation “concerning 2016 Ukrainian collusion and corruption,” which Giuliani says “was done solely as a defense attorney to defend my client against false charges.”

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“We should take [Zaid] at his word that this is a coordinated, premeditated plot to overturn the election.”

‘Coup Has Started,’ Whistleblower’s Attorney Said In 2017 (Fox)

Mark Zaid, one of the attorneys representing the intelligence community whistleblower at the center of the Democrats’ ongoing impeachment inquiry, tweeted conspicuously in January 2017 that a “coup has started” and that “impeachment will follow ultimately.” Then, in July 2017, Zaid remarked, “I predict @CNN will play a key role in @realDonaldTrump not finishing out his full term as president.” Also that month, Zaid tweeted, “We will get rid of him, and this country is strong enough to survive even him and his supporters.” Amid a slew of impeachment-related posts, Zaid assured his Twitter followers that “as one falls, two more will take their place,” apparently referring to Trump administration employees who defy the White House. Zaid promised that the “coup” would occur in “many steps.”


The tweets, which came shortly after President Trump fired then-acting Attorney General Sally Yates for failing to defend federal laws in court, are likely to fuel Republican concerns that the anonymous whistleblower’s complaint is tainted with partisanship. Trump’s call with Ukraine’s leader, which is the subject of the complaint, occurred in July 2019. “The whistleblower’s lawyer gave away the game,” the Trump campaign’s communications director, Tim Murtaugh, told Fox News. “It was always the Democrats’ plan to stage a coup and impeach President Trump and all they ever needed was the right scheme. They whiffed on Mueller so now they’ve settled on the perfectly fine Ukraine phone call. This proves this was orchestrated from the beginning.” Added House GOP leader Kevin McCarthy: “We should take [Zaid] at his word that this is a coordinated, premeditated plot to overturn the election.”

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Here’s hoping we’re far away from having heard the last about this.

Jeffrey Epstein’s Brother Talks ‘Unexplained’ Injuries on Shoulder, Wrist (ET)

The brother of dead disgraced financier Jeffrey Epstein said he had unusual injuries on his wrists and shoulders. Mark Epstein, 65, said there were two contusions on both of Jeffrey’s wrists, an injury to his left forearm, and muscle hemorrhaging of his left shoulder or deltoid. “Those are unexplained. Was he handcuffed and struggled? Was someone holding his wrists? The marks on his wrist are unexplained,” he told Fox News. His comments about his brother’s death in August—which the New York City Medical Examiner’s Office said was due to suicide by hanging—come after famed pathologist Dr. Michael Baden said there were questions about Epstein’s neck injury.

“Did the injuries happen a week before or at the time of the incident? We have to look at the microscopic slides to see when the injuries occurred,” Dr. Baden said of the injuries noted by his brother, according to Fox. “The brother requested this information three months ago and he still has not gotten it.” Mark Epstein also said that he attempted to obtain his brother’s file from the New York City Medical Examiner’s Office in mid-August, but he was told that it has to be processed by the U.S. Department of Justice first. “They’re playing games,” Mark told Fox on Wednesday. He explained: “I’ve done the appropriate requests with Justice twice, and have heard nothing. I was told someone is looking into it.”

Baden said, however, that the unexplained injuries on Epstein’s body that were mentioned by his brother might have been caused by the July 23 incident, where he was discovered in the fetal position with marks around his neck at the Manhattan Correctional Center. He was put on suicide watch for a short period of time before being taken off of it weeks before his death. Mark said that he’s unsure what happened to his brother, who was arrested and jailed without bail on sex trafficking charges in July. “I have no standing to sue … people should know the truth about what can happen in a federal facility,” Mark said. “My brother might have been murdered. This is not about me.” [..] Weeks after Epstein’s death, a judge announced that the criminal case against him was closed. “Because Jeffrey Epstein, the defendant, died while this case was pending, and therefore before a final judgment was issued, the Indictment must be dismissed under rule of abatement,” Judge Richard Berman wrote in late August.

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Dracula simia, also called “monkey orchid”

 

 

 

 

 

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


Salvador Dali Grandmother Ana sewing 1920

 

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

 

 

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

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

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

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

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

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As I said, perfectly normal.

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

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


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

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

An Insult To Real Whistleblowers- Kiriakou (RCP)

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


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

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Yup, the British are funny.

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

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


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

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It’s too late to repair their nonsense.

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

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


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

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Working? You sure that’s the right term?

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

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


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

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Let’s call it a draw?

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

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

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

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

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

Chinese Consumers Are On A Worrying Staycation (Lam)

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

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

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

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

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

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


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

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Yeah, well, the horse and the barn.

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

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


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

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A glimpse of your future.

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

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

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

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

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

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Still bankrupt though.

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

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


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

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