Feb 082020
 


Marjory Collins 3rd shift workers waiting to be picked up by car pools around midnight. Baltimore April 1943

 

Virus Named NCP For Now, 86 New Deaths, US Citizen Dies In Wuhan (SCMP)
Wuhan Facing ‘Wartime Conditions’ As Global Coronavirus Deaths Reach 724 (G.)
Royal Caribbean Bans All Chinese Nationals From Its Cruise Ships (G.)
Tesla Shanghai Factory To Restart On Feb 10, Authorities To Assist (R.)
White House Asks Scientists To Investigate If 2019-nCoV Was Bio-Engineered (ZH)
Twitter Accounts Of Facebook, Messenger Hacked (R.)
Sondland Axed Hours After Vindman Twins Escorted Out Of White House (ZH)
Mortgage Rates Hit Three-Year Low; Housing Inventory Bottoms Out (F.)
The State of the American Debt Slaves, Q4 2019 (WS)
Brazil Gives Big Tobacco Companies 30 Days Notice In Smoking Lawsuit (R.)
Slapstick Suicide (Kunstler)
Antarctic Base Records Hottest Temperature Ever (R.)

 

 

No leveling off today, apparently they couldn’t keep up that illusion. We’re getting close to 100+ deaths daily.

• 86 new deaths vs 73 yesterday.
• 3,399(?!) new cases vs 3,143 yesterday
• First American death, first Japanese death
• By tomorrow, there will be more deaths than from SARS in its entire episode (89 to go)

Major point today is Monday. How many workers will show up for work, if their factories open at all? Tesla announced its Shanghai factory will open, and I’m sure Huawei still operates as well. But this is about shoving many millions of workers into trains, subways etc., ready to infect everyone in their compartments.

Is that worth the risk? Surely it won’t be in Wuhan. But then as we saw yesterday, 400 million Chinese live in some form of lockdown. It’ll be worth watching. Saw footage of crews forcing people into quarantine today that is ugly.

First American casualty: CDC, WHite House must be getting itchy (pun intended).

 

 

 

On a different topic: I see tons of people commenting on the Dems “Debate”, including on my Twitter feed. Many of them are supposedly smart people. But these TV shows exist only to make money for networks. The level of both the people and their discussion is identical to the 2016 GOP debates without Trump.

If you’re -live- commenting on that poor circus, you’ve missed a few steps along the line. Bernie Sanders is the only one worthwhile but he has no chance because he’s too extreme. Warren is sinking like a stone. As is Biden, who never had anything. Buttigieg is the 2020 corporate shill that Hillary was in 2016. The rest just fill space and time with emptiness.

 

 

They update the graph but not the numbers in the articles.

Virus Named NCP For Now, 86 New Deaths, US Citizen Dies In Wuhan (SCMP)

The coronavirus has killed 86 more people in China and been confirmed in a further 3,399, the National Health Commission reported on Saturday. That brings the total number of confirmed cases in the country to 34,546.
The new deaths, 81 in Hubei and five in other provinces, brought the national death toll to 722, as of Friday, the commission said. As well as the 81 deaths, Hubei – the epicentre of the novel coronavirus epidemic – reported earlier on Saturday that it had confirmed 2,841 new cases. The province’s totals are now 24,953 confirmed cases and 699 deaths. A US citizen has died in Wuhan from the new coronavirus, the US embassy said on Saturday, in what appears to be the first confirmed foreign death from the outbreak.

“We can confirm that a 60-year-old US citizen diagnosed with coronavirus died at Jinyintang hospital in Wuhan, China, on February 6,” a US embassy spokesman confirmed. “We offer the sincerest condolences to the family for their loss,” the spokesman said. The New York Times reported that the person was a woman and had underlying health conditions, citing two people familiar with the matter. Chinese Foreign Ministry spokeswoman Hua Chunying said on Thursday there were 19 foreigners infected, and two of them had been discharged. The remainder were being isolated for treatment. A Japanese man hospitalised with pneumonia in Hubei’s provincial capital Wuhan, where the first cases emerged, has died. The man is potentially the first Japanese to have died from coronavirus.

[..] China’s National Health Commission has given the virus a temporary official name – novel coronavirus pneumonia, or NCP. The commission announced the new name at a press conference on Saturday and said it should be adopted by China’s government departments and organisations in China until a permanent name for the infection has been determined. The naming of a new virus is decided by the International Committee on Taxonomy of Viruses. A name has been submitted to scientific journals and the committee hopes to announce it within days, the BBC reported.

Read more …

Very disturbing videos available of people being forced into quarantine.

Wuhan Facing ‘Wartime Conditions’ As Global Coronavirus Deaths Reach 724 (G.)

Increasingly desperate officials in the quarantined epicentre of the coronavirus outbreak have tightened controls on an already frightened population, likening the growing crisis to “wartime conditions”. Authorities in Wuhan city have started going door to door checking temperatures, and rounding up suspected coronavirus patients for forcible quarantine in stadiums and exhibition centres that are serving as warehouses for the sick, the New York Times reported. The city and country face “wartime conditions”, the paper quoted vice-premier Sun Chunlan, who has been put in charge of the national campaign against the virus, as saying on a visit to Wuhan. She said: “There must be no deserters, or they will be nailed to the pillar of historical shame forever.”

Meanwhile another three people on a cruise liner off Japan have tested positive, bringing the total number of confirmed cases to 64. Foreign passengers on another ship, Holland America’s Westerdam, have also been barred, with suspected virus patients on board, according to authorities. The ship, with more than 2,000 people, was near Okinawa and seeking another port. More than 34,500 people have been infected around the world, the vast majority inside China and two-thirds of them in Wuhan and surrounding Hubei province. There have been 724 deaths, all but two of them in mainland China.

Chinese scientists claimed they may have found the animal source of the outbreak, based on genetic analysis, though their results have yet to be published. The coronavirus is thought to have originated in bats but passed through an intermediate host before infecting humans. The researchers have identified a coronavirus in pangolins that is 99% similar to the one causing the current outbreak. The only scaly mammal, the long-snouted, ant-eating pangolin is endangered but often hunted for meat or use in Chinese medicine.

Read more …

How about those who only look Chinese?

Royal Caribbean Bans All Chinese Nationals From Its Cruise Ships (G.)

The US cruise ship company Royal Caribbean has announced that would-be passengers and crew with Chinese passports will be banned from all of its cruise ships – regardless of when they were last in the country at the centre of the coronavirus outbreak. The measure – which also covers people with Hong Kong and Macau passports – comes amid growing concerns over the fast-spreading virus, which has killed more than 700 people and affected individuals in at least 25 countries. But it was likely to face criticism from Beijing, which has bridled at sweeping travel bans on its citizens, and from human rights activists who have denounced such restrictions as discriminatory.

Friday’s announcement by the Miami-based company came after four travelers who were onboard the company’s Anthem of the Seas cruise ship were hospitalized in New Jersey after experiencing feverish symptoms. According to Royal Caribbean, the passengers had come from China for the cruise from the port of Bayonne, New Jersey, to the Bahamas, and were hospitalized out of caution. “None of the four guests being tested by [the Centers for Disease Control and Prevention] showed any clinical signs or symptoms of coronavirus,” Royal Caribbean said in a statement. “We will delay our [next] departure until tomorrow.”

They added, however, that one guest did test positive for influenza A. The CDC reports no one in New Jersey has been found with the virus so far. The four are among more than two dozen Chinese nationals who were screened for signs of the new virus onboard the cruise ship. None of them were reportedly from Wuhan, the city at the center of the outbreak.

Read more …

Monday should be interesting. How much production will come back online? What will stocks do?

Tesla Shanghai Factory To Restart On Feb 10, Authorities To Assist (R.)

U.S. electric carmaker Tesla’s factory in China’s financial hub of Shanghai will resume production on Feb. 10 with assistance to help it cope with a spreading epidemic of coronavirus, a Shanghai government official said on Saturday. Many factories across China shut in late January for the Lunar New Year holiday that was originally due to end on Jan. 30 but which was extended in a bid to contain the spread of the new flu-like virus that has killed more than 700 people. Tesla warned on Jan. 30 that it would see a 1-1.5 week delay in the ramp-up of Shanghai-built Model 3 cars as a result of the epidemic, which has severely disrupted communications and supply chains across China.


Tesla Vice President Tao Lin said this week that production would restart on Feb. 10. “In view of the practical difficulties key manufacturing firms including Tesla have faced in resuming production, we will coordinate to make all efforts to help companies resume production as soon as possible,” Shanghai municipal government spokesman Xu Wei said. The $2 billion Shanghai factory is Tesla’s first outside the United States and was built with support from local authorities. It started production in October and began deliveries last month.

Read more …

What Zero Hedge received a permanant Twitter ban for.

White House Asks Scientists To Investigate If 2019-nCoV Was Bio-Engineered (ZH)

A week ago, we published details that raised questions about the source of the Wuhan novel coronavirus, specifically questioning the official theory for the spread of the Coronavirus epidemic, namely because someone ate bat soup at a Wuhan seafood and animal market as a fabricated farce. The real reason behind the viral spread, we suggested, was that a weaponized version of the coronavirus (one which may have originally been obtained from Canada), was released by Wuhan’s Institute of Virology (presumably accidentally ), China’s only top, level-4 biohazard lab, which was studying “the world’s most dangerous pathogens.” At the time we summarized the series of dots and asked “real reporters” to connect them:

  • One of China’s top virology and immunology experts was and still works at China’s top-rated biohazard lab, the Wuhan Institute of Virology, which some have affectionately called the real Umbrella Corp.
  • Since 2009, Peng has been the leading Chinese scientist researching the immune mechanism of bats carrying and transmitting lethal viruses in the world.
  • His primary field of study is researching how and why bats can be infected with some of the most nightmarish viruses in the world including Ebola, SARS and Coronavirus, and not get sick.
  • He was genetically engineering various immune pathways (such as the STING pathway in bats) to make the bats more or less susceptible to infection, in the process potentially creating a highly resistant mutant superbug.
  • As part of his studies, Peng also researched mutant Coronavirus strains that overcame the natural immunity of some bats; these are “superbug” Coronavirus strains, which are resistant to any natural immune pathway, and now appear to be out in the wild.
  • As of mid-November, his lab was actively hiring inexperienced post-docs to help conduct his research into super-Coronaviruses and bat infections.
  • Peng’s work on virology and bat immunology has received support from the National “You Qing” Fund, the pilot project of the Chinese Academy of Sciences, and the major project of the Ministry of Science and Technology.

Of course, that is all ancient history and Zero Hedge was permanently banned from Twitter for raising such a conspiracy theory about a publicly-searchable person working a publicly-searchable place.

Read more …

Then again, how bad is a Twitter ban?

If Big Tech can’t protect themselves, they won’t protect you.

Twitter Accounts Of Facebook, Messenger Hacked (R.)

Twitter confirmed on Friday that the official Twitter accounts of social media giant Facebook Inc and its Messenger platform were hacked. A Twitter spokesperson said in an emailed statement that the accounts were hacked through a third-party platform. “As soon as we were made aware of the issue, we locked the compromised accounts and are working closely with our partners at Facebook to restore them,” the Twitter spokesperson said. Seperately, Facebook also confirmed that some of its official social media accounts were hacked on Friday. “Some of our corporate social accounts were briefly hacked but we have secured and restored access,” Facebook spokesman Joe Osborne said.size:13px;color: #FF2222;font-weight:bold”

Read more …

Though Sondland is an outlier, you had all these people, including Yovanovich, Fiona Hill, talking about “set” American foreign policy, though they knew that’s the presidents responsibility.

It’s more about that than about the testimony itself, though the two clearly overlap.

Sondland Axed Hours After Vindman Twins Escorted Out Of White House (ZH)

Today’s Trump admin casualties continue to stack up, after it was reported that Ambassador Gordon Sondland was fired Friday afternoon. “I was advised today that the president intends to recall me effective immediately as United States Ambassador to the European Union,” Sondland said in a Friday statement, expressing gratitude to Trump for having “given me the opportunity to serve.” Sondland testified in Trump’s impeachment inquiry that there was no quid pro quo when President Trump asked Ukrainian President Volodomyr Zelensky to investigate the Bidens while withholding US military aid (unbeknownst to Zelensky at the time).

Sondland later flipped his story, claiming that he told a top Ukrainian official that a meeting with President Trump may be contingent upon its new administration committing to investigations Trump wanted, according to the New York Times. Sondland’s departure comes one week after anti-Trump impeachment witness and former US ambassador to Ukraine announced her retirement from the State Department. Her departure follows her removal as Ambassador at the request of Ukraine. [..] Anti-Trump impeachment witness Lt. Col. Alexander Vindman and his twin brother have been fired and escorted out of the White House by security, according to his Alexander Vindman’s attorney.

Vindman, a Ukraine specialist who sat on the National Security Counsel who was accused of being coached by House Intel Committee Chairman Adam Schiff (D-CA), was present on a July 25 phone call between President Trump and Ukrainian President Volodomyr Zelensky, when the US president asked that Ukraine investigate former VP Joe Biden and his son Hunter, as well as claims of pro-Clinton meddling in the 2016 US election. He was also notably counseling Ukraine on how to counter President Trump’s foreign policy according to the New York Times, which led some to go as far as accuse him of being a double agent.

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Why the Fed is stuck. They can’t raise rates ever again.

Mortgage Rates Hit Three-Year Low; Housing Inventory Bottoms Out (F.)

Mortgage rates continued their downward slide this week, hitting their lowest point in three years. According to Freddie Mac, the average rate on 30-year, fixed-rate mortgages clocked in at 3.45%—down from 3.51% last week and 4.41% a year ago. It’s the third week in a row that rates have dropped, largely thanks to investor concern surrounding the coronavirus outbreak. Here’s how Joel Kan of the Mortgage Bankers Association explains it: “The 10-year Treasury yield fell around 20 basis points over the course of last week, driven mainly by growing concerns over a likely slowdown in Chinese economic growth from the spread of the coronavirus. This drove mortgage rates lower, with the 30-year fixed-rate decreasing for the fifth time in six weeks.”

The decrease has spurred a rise in refinancing applications. According to MBA’s weekly mortgage survey, refinance activity was up 15% for the week and 183% over the year. Overall, refinances made up nearly 65% of all mortgage activity last week. There’s room for more refis, too. According to analysis from financial data firm Black Knight, this latest drop opens the door for more than 11.3 million homeowners to refinance. On average, they could shave about 0.75% off their rate and $268 on their monthly mortgage payments. If credit scores and loan-to-value ratios aren’t factored in, there are actually 22 million homeowners who technically have a mortgage rate at least 0.75% over today’s averages.

Refinances aside, sliding rates have also caused other upticks. MBA’s data shows rising loan balances, increased jumbo loan activity and more interest in adjustable-rate loans in recent weeks. And according to Sam Khater, Freddie Mac’s chief economist, a jump in purchase activity should also follow. “The combination of very low mortgage rates, a strong economy and more positive financial market sentiment all point to home purchase demand continuing to rise over the next few months,” Khater says. The latest Home Purchase Sentiment Index from Fannie Mae backs that up, with 59% of respondents saying it’s a good time to buy a home. The only problem? That’d be historically low inventory.

Read more …

Make borrowing cheap and they won’t see it coming.

The State of the American Debt Slaves, Q4 2019 (WS)

Consumer debt – student loans, auto loans, and revolving credit such as credit cards and personal loans but excluding housing-related debts such as mortgages and HELOCs – jumped by $187 billion in the fourth quarter 2019, compared to a year earlier, or by 4.7%, to a record $4.2 trillion, according to Federal Reserve data released Friday afternoon. Almost all non-housing consumer debts translate into consumer spending on goods and services, which is added to GDP. That $187 billion increase in consumer debt in 2019 amounted to nearly a quarter of the $849 billion increase in nominal GDP over the same period. Without this $187 billion in additional spending funded by $187 billion in additional debt, the US economy would not have grown 2.3% in 2019, but only about 1.8%.

This is why economists from the Fed on down want policies that encourage consumers to spend money they don’t have. It’s the American thing to do. And if there’s a hiccup down the road, so be it. And now there are some hiccups. How heavy is the burden of this consumer debt on consumers? For a substantial part of Americans, there is no burden. They pay off their credit card balances every month, they have no student loans, and if they financed their vehicles it may be through leases that they took out not because that’s the only way they could buy the vehicle but because they saw various advantages in leasing.


Then there is another group of Americans where every month is a mad scramble to make ends meet. Some earn good money but live above their means. Others are scraping by every month on low incomes. Both are up to their ears in debt. They’re one or two paychecks away from defaulting on that debt. That’s where the debt burden is, and that’s where the risks are. But in terms of overall consumer debt, this bifurcation gets averaged out. When measured against the size of the US economy, that $4.2 trillion in consumer debt amounts to 19.3% of nominal GDP, the highest ever in the data. Here are the last two decades:

Read more …

Bolsonaro to the rescue.

Brazil Gives Big Tobacco Companies 30 Days Notice In Smoking Lawsuit (R.)

The world’s largest cigarette makers, British American Tobacco Plc and Philip Morris International, will have until early March to defend themselves in a lawsuit in Brazil over compensation for tobacco-related diseases. Since last year, the companies have refused to receive subpoenas delivered to their local subsidiaries in the lawsuit brought the Brazilian solicitor general’s office. Souza Cruz Ltda, Philip Morris Brasil Industria e Comercio Ltda and Philip Morris Brasil SA, which produce 90% of the cigarettes sold in Brazil, maintained they were subsidiaries only and notifications had to be sent directly to their parent companies’ headquarters in Britain and the United States.


But the federal judge hearing the case in Porto Alegre, Graziela Bündchen, ruled on Tuesday that the companies are the operational wings of the parent companies and fully capable of relaying the notifications to their head offices. She gave them 30 days to present their defenses. The solicitor general’s office, known as the AGU, said in a statement on Thursday that the cigarette companies had tried to delay the lawsuit, which will now be able to proceed in seeking “the just compensation the Brazilian people deserve.” The landmark lawsuit was filed by the AGU in May against the two multinational companies seeking to recover the public health costs for the treatment of 26 tobacco-related diseases over the previous five years.

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“..a character drawn from the neo-gothic Joker phase of American history ..”

Slapstick Suicide (Kunstler)

With Adam Schiff and Jerrold Nadler cast as Laurel and Hardy, the Democratic Party entered the slapstick phase of its self-destruction, moving from one botched scheme to the next amidst a chaos of falling pianos, splintered two-by-fours, and crashed bi-planes. The old 1930s screen comedies usually also featured a “grand dame” character making herself ridiculous, like Margaret Dumont in Duck Soup, and congressional central casting has fashioned just such a late-career role for Nancy Pelosi, all fluster and spleen, and well-supplied with comic props like the carefully pre-torn State of the Union address she ceremoniously sundered on Tuesday night. Can someone drop an anvil on her, please?

[..] Meanwhile, in case you have forgotten, scores of public officials from the Obama administration stand to be indicted as we enter the heart of the spring primary season. On top of three failed seditious attempts to overthrow Mr. Trump since 2016, a cavalcade of perp walks for all that may finally force the recognition among the battered true believers in the Holy Church of Maddow that a genuine coup d’état has been running for three solid years, whether or not you like Donald Trump. They came close to turning the USA into a banana republic.

The news media is saying that President Trump had “his best week ever.” My sense of him hasn’t changed: he remains the Golden Golem of Greatness, a kind of mystical and mystifying comic figure himself, but not of the 1930s slapstick sort, more like a character drawn from the neo-gothic Joker phase of American history — and, hey, he really did spring full-blown on the scene from our real-life Gotham City. I was impressed, during his Thursday post-acquittal White House gala, at the stunning incoherence of his remarks, his facility for leaving absolutely every thought hanging unfinished in mid-sentence as he turned to the next uncompleted thought. I can’t say for sure that this makes him an ineffective manager of the nation’s affairs, but it does leave you kind of wondering. The fact remains, though, that his antagonists have behaved much worse, and now they are going to be punished.

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Bring T-shirts.

Antarctic Base Records Hottest Temperature Ever (R.)

A research base in the Antarctic has recorded the hottest temperature ever for the continent amid rising concern about global warming that has caused an increase in the melting of ice sheets around the south pole. The Esperanza base on the northern tip of the Antarctic peninsula recorded a temperature of 18.3 degrees Celsius (64.94 degrees Fahrenheit), the highest on record, the World Meteorological Organization (WMO) said on Friday. “(This) is not a figure you would normally associate with Antarctica even in the summertime. This beat the former record of 17.5 degrees C, which was set back in 2015,” WMO spokeswoman Clare Nullis told reporters in Geneva.


“The Antarctic peninsula … is among the fastest warming regions of the planet. We hear a lot about the Arctic, but this particular part of the Antarctic peninsula is warming very quickly.” The temperature was recorded at the Argentine base on Thursday. Scientists believe global warming has caused so much melting at the south pole that the giant ice sheet is now on course to disintegrate. This would see an eventual global sea level rise of at least three meters (10 feet) over centuries.

Read more …

 

 

 

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Feb 062020
 


Seattle, WA during Spanish Influenza. No ride on street cars without wearing a mask 1918/19

 

China May Delay Annual Meeting Of Parliament Due To Virus Outbreak (R.)
“Leaked” Infection Numbers Over 154,000; Deaths Approach 25,000 (NN)
Major Mainland Chinese Airlines Place All Foreign Pilots On Unpaid Leave (SCMP)
With Virus Deaths At 565 China Considers Trade Deal Disaster Clause (SCMP)
Chinese Scholar Blames Xi Jinping, CCP For Not Controlling Outbreak (SCMP)
Who Owns The Coronavirus Cure? (SCMP)
Pelosi Shreds Decades Of Tradition In Demonstrating Against Trump (Turley)
Buttigieg and Sanders Separated By Razor-Thin Margin In Iowa (Pol.)
Biden Vows To Press On Despite Iowa ‘Gut Punch’ (BBC)
In This Impeachment, People Only Heard What They Wanted To (Turley)
Nancy Pelosi Should Resign (Turley)
Bloomberg Surrogates Have Seats on DNC Rules Committees (Sludge)

 

 

There we go again:

• 565 deaths (up 72 from yesterday, biggest increase in official numbers to date)

• 28,339 cases (up 3,797 from yesterday’s 24,542, and yeserday’s rise of 3872)

• There are suggestions from China that the increase in cases is slowing, but that’s after yesterday’s record increase. We’ll see.

• At the same time, the increase in severe cases appears to be accelerating.

• 10 more infections on cruise ship off Yokohama

• One thing that’s certainly increasing is the skepticism about the official numbers.

 

 

 

Some interesting things in this article:

1) Officials returning to Beijing from other provinces after Lunar New Year are in 14-day quarantine. First time I see mandatory quarantines for Beijing.

2) There’s talk of delaying the (10+ days) National People’s Congress, which only starts on March 5.

Events have been cancelled as far out as April 15. That syncs quite well with what I said in my article The Big Lockdown.

China May Delay Annual Meeting Of Parliament Due To Virus Outbreak (R.)

China is considering delaying the annual meeting of its top legislative body, five people familiar with the matter said, as it grapples with a coronavirus epidemic that has forced drastic curtailment of travel and other activity to curb its spread. The National People’s Congress (NPC), made up of about 3,000 delegates, typically gathers for a session lasting at least 10 days in Beijing, beginning on March 5, to pass legislation and unveil key economic targets for the year. A postponement would be the first since China adopted the current March schedule in 1995 for the meeting of parliament. “The focus remains on taking steps forward towards meeting on schedule, but we are discussing a range of options as the (virus) situation doesn’t look likely to be contained by March,” a senior government official told Reuters, declining to be identified given the sensitivity of the matter.

“A delay is one of those options,” the official said. “It should come as no surprise given that we are in a very difficult time.” Many officials who would ordinarily be involved in preparation for the NPC are staying at home under 14-day mandatory quarantines after returning to Beijing from their home provinces following the Lunar New Year holidays. Central government officials in Beijing were told to resume work on Feb. 3. China has already postponed a high-level business event, the China Development Forum, which is usually held in late March, and the venue for the Canton Fair, a trade fair in the southern city of Guangzhou, has been suspended until further notice. The spring session of the trade fair was due to begin on April 15.

The NPC gathering is crucial this year, as it is set to ratify China’s first-ever civil code, a key milestone in President Xi Jinping’s legal reform effort. The NPC is also widely expected to discuss the months-long protests in Hong Kong, and to announce the annual economic growth target along with China’s defence budget. Under China’s constitution, a full plenary session of the NPC must be held every year. Chucheng Feng, a partner at Plenum, an independent research firm in Hong Kong, put the chance of a delay at just 10% because of the meeting’s political importance. “However, as the epidemic extends into February, the gathering of China’s entire political elite in a confined Great Hall of the People for over a week looks quite dangerous,” he said.

Read more …

Tyler broke the story. This is a handy write-up. It’s the smaller numbers above the big ones that all but prove we’re looking at an automatically updating database.

“Leaked” Infection Numbers Over 154,000; Deaths Approach 25,000 (NN)

Zero Hedge reported this morning, “As Taiwan [News] reports in a report first spotted by user @TheHKGroup, over the weekend, Tencent “seems to have inadvertently released what is potentially the actual number of infections and deaths, which were astronomically higher than official figures”, and were far closer to the catastrophic epidemic projections made by Jonathan Read.” According to official numbers from mainland China, which are updated daily, the current number of coronavirus infections is still under 25,000. Even then, it currently appears to be expanding at roughly 20% per 24-hour period, which represents a doubling of infections every 3.5 days (because the growth is compounded). (The left column is infections, and the right column is deaths.)

However, observers have noted that the official numbers reported by the communist Chinese government recently slipped into the “real numbers,” suddenly showing far higher confirmed infections and deaths: 154,024 infections and 24,589 deaths. Here’s a screen shot that was captured before the numbers reverted back to the lower, “official” numbers:The initial reaction from observers might be something along the lines of, “That was just a typo. So they corrected it.” However, there’s more to this story:

The higher numbers didn’t merely appear by themselves, out of context. Above each number is an “increase” factor that calculates how much larger today’s numbers are compared to yesterday’s numbers. For the 24,589 deaths, located at the lower right of this graphic, you’ll notice a number above it that states, “+1546.” The Chinese characters next to the numbers explain, “Compared to yesterday.” This means there is an underlying database that’s tracking daily numbers and being used to calculate the day-to-day differences. Similarly, there’s a number above the infection count of 154,023 that explains, “+20979.” This indicates the day-over-day increase from the previous day.


These numbers are clearly being automatically calculated, because if human error were to blame for typing the wrong numbers representing infections and deaths, it would be extremely unlikely that two more typos would coincidentally appear above those numbers, accidentally showing day-to-day increases that are consistent with a second set of numbers that are obviously being stored in parallel.

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The highest paid.

Major Mainland Chinese Airlines Place All Foreign Pilots On Unpaid Leave (SCMP)

All foreign pilots working for China Southern Airlines, Hainan Airlines, and a host of smaller mainland Chinese carriers have been placed on indefinite unpaid leave, according to multiple sources and a memo seen by the Post. With the coronavirus crisis forcing airlines to slash flights, several hundred foreign pilots have seemingly become surplus overnight, with some telling the Post they were considering their options amid the uncertainty now facing the world’s fastest-growing air market. “All foreign pilots, including those who have applied for leave exemption and those who have not, shall start a non-fixed term leave without pay as soon as possible,” a Tuesday memo to a batch of foreign pilots for China Southern, the country’s largest carrier, said.


Their grounding was effective that day, with the pilots told they would “return to work when [the] situation gets better.” Xiamen Airlines along with Hainan Airlines, Tianjin Airlines and Beijing Capital Airlines (BCA) – a trio of carriers owned by debt-laden HNA Group – have also placed foreign aircrew on unpaid leave, according to multiple sources. A source at BCA said their pilots had been offered the option of taking a significant pay cut that would bring them in line with their Chinese counterparts. China Eastern Airlines, meanwhile, was understood to have offered unpaid leave to its foreign pilots but had not made it mandatory at this point.

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The trade deal should be the least of Beijing’s worries by now.

Also, there are suggestions here that new cases rise less fast than before. But severe cases seem to rise.

With Virus Deaths At 565 China Considers Trade Deal Disaster Clause (SCMP)

Daily deaths caused by the new coronavirus have reached another record in China, with 73 fatalities confirmed in figures released by health authorities on Thursday morning, taking the death toll in mainland China to 563. The number of new infections in mainland China and Hubei province both fell on Wednesday compared to the day before, with 3,694 additional cases in the country and 2,987 in Hubei, national and provincial health authorities announced Thursday morning. The last time new infection figures dropped was January 28, with the daily increase in confirmed cases in China and Hubei steadily rising to a record high on Tuesday – 3,887 and 3,156, respectively. The deadly new coronavirus, which first emerged at the end of December, has killed at least 565 people worldwide, and sickened more than 28,000.

Mainland media on Tuesday reported that China may consider using a disaster-related clause in the phase one trade deal with the US because of the coronavirus outbreak. The Global Times, a nationalist newspaper affiliated to People’s Daily, cited an unnamed Chinese trade expert close to the government as saying a decision on launching a consultation with the US on the disaster clause was unlikely until the end of the first quarter. In a commentary published on Wednesday, the newspaper said that even if China was unable to reach the goal of increasing purchases from the US, there was still a sensible path forward without jeopardising the agreement and the negotiation process.

“The phase one agreement clearly stated that the two parties would consult with each other, ‘in the event that a natural disaster or other unforeseeable event outside the control of the parties delays a party from timely complying with its obligations under this agreement’. Without doubt the epidemic fits this scenario,” it said.

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Very popular man, I’m sure.

Chinese Scholar Blames Xi Jinping, CCP For Not Controlling Outbreak (SCMP)

A prominent Chinese scholar has published an article criticising the country’s leadership for failing to control the coronavirus outbreak that has infected almost 25,000 people around the world. Xu Zhangrun, a law professor at Tsinghua University in Beijing, who has been under close surveillance by the authorities, blamed Communist Party leaders for putting politics ahead of the people in his strongly worded piece, which was published on several overseas Chinese-language websites this week. “The political system has collapsed under the tyranny, and a governance system [made up] of bureaucrats, which has taken [the party] more than 30 years to build has floundered,” he said in a reference to how reform-minded leaders sought to rebuild the country and modernise the government after the death of Mao Zedong in 1976 and moved away from one-man rule to collective leadership.

Xu was suspended from teaching at Tsinghua University in 2018, after the publication of an article in which he criticised the decision by party leaders to lift the two-term limit for presidents, allowing Xi Jinping to remain in office beyond his second term, which ends in 2023. His latest criticism came as China’s leaders and law enforcement officials warned that internet controls must be tightened to prevent the spread of rumours and misinformation. On Monday, Xi chaired a meeting of the Politburo Standing Committee at which it was agreed that officials must maintain a tight grip on online media and direct public opinion about “winning the war over the virus”.

On Tuesday, the Ministry of Public Security held a meeting to remind all police officers that political security was of utmost importance in handling the outbreak. The police would “strike harshly” on any and all disruption by “hostile forces”, according to a report by Xinhua. One of Xu’s close friends confirmed on Wednesday that the professor had written the article. “He has already been stripped of his teaching position but he is likely to face more punishment this time,” said the person, who asked not to be named. “We are concerned they [the police] will take him away now that he has published this article.”

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There’s no such thing. Ridiculous headline.

Who Owns The Coronavirus Cure? (SCMP)

China has applied to patent a drug candidate being developed by Gilead Sciences as the government rushes to find the cure for the deadly coronavirus, a move that could raise questions on intellectual property and marketing rights. The state-backed Institute of Virology in Wuhan filed the patent for using remdesivir to fight the novel coronavirus on January 21, according to a statement posted on its website two weeks later on February 4. If approved, the drug will be used to facilitate its potential global market entry, it added. Studies have been conducted outside the human bodies and found that Gilead’s remdesivir compound and the off-patent chloroquine malaria drug are both “highly effective” in the control of coronavirus infection, the Wuhan institute and the Beijing Institute of Pharmacology and Toxicology said in a research published in Cell Research Journal.


“Since these compounds have [separately] been used in human patients with a safety track record and shown to be effective against various ailments, we suggest that they should be assessed in human patients suffering from the novel coronavirus disease,” the researchers wrote. Remdesivir has not been approved anywhere globally and has not been showed to be safe or effective for any use, Gilead’s chief medical officer Merdad Parsey said in a statement on Friday. The firm is working with Chinese health authorities to conduct a clinical trial on patients with pneumonia symptoms to test its safety and efficacy, it said. Past clinical data on other coronaviruses give it “hope,” it added.

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3 Turley articles today. One at the Hill, one at the BBC, one on his own site.

When The Dems lost to Trump in 2016, I said his role was to show how rotten the entire system is. And that they should take a good look at themselves, and try to figure out how that loss could ever come about. They never did, they only ever and exclusively looked at Trump, not themselves. This will not change as long as Hillary, Biden, Schiff et al lead the party.

Pelosi Shreds Decades Of Tradition In Demonstrating Against Trump (Turley)

Forty-four years ago, I walked on to the floor of the House of Representatives as a new Democratic 15-year-old page from Chicago. I stood and marveled at the beehive of activity on the floor in the People’s House. I can still remember that moment because it forged a bond and reverence that has never weakened for me. As a Democratic leadership page during the speakership of Tip O’Neill, I watched some of the most passionate and important debates of the generation from the Neutron Bomb to civil rights legislation to sweeping national park bills. The country was deeply divided, but both parties maintained the tradition of civility and decorum. I was struck how members, even in the heat of furious debates, would not attack each other by name and followed rigid principles of decorum.

They understood that they were the custodians of this institution and bore a duty to strengthen and pass along those traditions to the next generation. That is why I was (and remain) so offended by this display. I believe that President Trump himself is worthy of criticism for not shaking the hand of Pelosi. I also did not approve of aspects of his speech, including bestowing the Medal of Freedom on Rush Limbaugh in the gallery like a reality show surprise scene. There was much to object to in the address, but presidents often make comments that enrage or irritate speakers. However, none of that excuses Pelosi. At that moment, she represents the House as an institution — both Republicans and Democrats. Instead, she decided to become little more than a partisan troll from an elevated position.

The protests of the Democratic members also reached a new low for the House. Pelosi did not gavel out the protest. She seemed to join it. It was the tradition of the House that a speaker must remain in stone-faced neutrality no matter what comes off that podium. The tradition ended last night with one of the more shameful and inglorious moments of the House in its history. Rather than wait until she left the floor, she decided to demonstrate against the President as part of the State of the Union and from the Speaker’s chair. That made it a statement not of Pelosi but of the House. For those of us who truly love the House as an institution, it was one of the lowest moments to unfold on the floor. That is why I argue in the Hill that, if Pelosi does not apologize and agree to honor the principle of neutrality and civility at the State of the Union, she should resign as speaker.

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Tweet: “Buttigieg campaign manager’s wife owns the app company that ruined the Iowa caucuses, and his campaign DONATED $42,500.00 to that same company, Shadow Inc.”

The video is educative.

Buttigieg and Sanders Separated By Razor-Thin Margin In Iowa (Pol.)

Pete Buttigieg and Bernie Sanders are running neck and neck in the Iowa caucuses with almost all of the votes counted. Buttigieg has 26.23 percent of the state delegate count to 26.06 percent for Sanders with 97 percent of precincts reporting, making the race too close to call, according to The Associated Press. Elizabeth Warren is in third at 18 percent of the state delegate count, followed by Joe Biden at nearly 16 percent and Amy Klobuchar at 12 percent. After a technical meltdown created significant delays in the reporting of results in Monday’s caucuses, the Iowa Democratic Party released almost all of the remaining data Wednesday night. The latest results came as CNN wrapped up a series of town halls with candidates in New Hampshire.

Earlier results came Wednesday afternoon as Sanders, Warren and Klobuchar were in the Senate voting in President Donald Trump’s impeachment trial. The Republican-led chamber ultimately voted to acquit Trump on charges of abuse of power and obstruction of Congress as the numbers from Iowa were released. The latest results don’t change the order of the top five candidates, but they do show a razor-thin race at the top, where both the Buttigieg and Sanders campaigns have already declared themselves winners. Buttigieg insisted as early as Monday night that he was the clear victor, and he reportedly reassured supporters of that in a phone call on Wednesday. Sanders, meanwhile, told supporters in New Hampshire that he was leading in popular-vote totals and would come out of Iowa with the same number of national convention delegates as Buttigieg.


In terms of raw votes, Sanders leads in by more than 2,500 votes in the final alignment of Iowa caucus-goers, after supporters of non-viable candidates had the chance to realign at their precincts on Monday night.

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The entire impeachment trial was based on Trump wanting dirt on his “main political rival”. But Biden was never that. At the time of the Trump/Zelensky call, enough was known about Hunter/Burisma to realize Joe had no chance. And there was very little to suggest that Hunter/Burisma did not warrant an investigation. But Dems keep on saying it was “debunked”, without being able to suggest who did the debunking.

Biden Vows To Press On Despite Iowa ‘Gut Punch’ (BBC)

White House hopeful Joe Biden has called his poor performance in the Democrats’ first 2020 leadership vote, in Iowa’s caucuses, a “gut punch”. Mr Biden has come fourth, according to incomplete results from the election to pick a Democratic presidential nominee. “I’m not going to sugarcoat it,” Mr Biden said. “This isn’t the first time in my life I’ve been knocked down.” With most results declared in Monday’s glitch-plagued caucuses, Pete Buttigieg and Bernie Sanders are neck and neck. But Mr Biden told an audience in New Hampshire: “I’m not going anywhere.”

According to partial results from Iowa, the former US vice-president under Barack Obama has failed to pick up a single one of the delegates needed to clinch the Democratic White House nomination under America’s quirky political system. New Hampshire will be the next state to vote on 11 February in a string of nationwide votes culminating with the crowning of the party’s presidential candidate in July. Eleven contenders remain in the race to challenge President Donald Trump, a Republican, in November’s election.

[..] On Wednesday, Mr Biden sharpened his attacks, targeting the two Democratic front-runners by name. “We need a nominee who can help Democrats up and down the ticket,” Mr Biden said. He suggested that self-described democratic socialist Mr Sanders would be unelectable in a general election. Mr Biden also said it would be a “risk” to nominate 38-year-old Mr Buttigieg, “someone who’s never held an office higher than mayor of a town of 100,000 people”. Mr Buttigieg responded by saying “the bulk of the credit for the achievements of the Obama administration belong with President Obama”.

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As go strictly partisan battles.

In This Impeachment, People Only Heard What They Wanted To (Turley)

Recently, MSNBC host Lawrence O’Donnell declared that his show will not allow Trump supporters on as guests because all Trump supporters are “liars”. Likewise, Trump recently denounced Fox for even interviewing Democratic senators. When that is the state of our news, why should trials be any different? In our hardened political silos, even Framers are bit players in a crushingly formulaic play. Witnesses are as immaterial as facts when the public demands the same predictability from politicians that they do from cable hosts. We are all to blame. Politicians achieve their offices by saying what voters want to hear and today voters have little tolerance for hearing anything that contradicts their preset views of Trump.

As a result, the trial was pre-packed by popular demand. Speaker Nancy Pelosi even declared that Trump would “not be acquitted” even if he was acquitted. When the actual vote doesn’t matter, why should the actual testimony? Just as voters get the government that they deserve, they also get the impeachment trials that they demand. Watching on their favourite biased cable networks, voters raged at the bias of the opposing side in the impeachment as refusing to see the truth. Viewers thrilled as their side denounced their opponents and hissed when those opponents returned the criticism. The question and answer period even took on a crossfire format as senators followed up one side’s answer with a request for the other side to respond.

It was precisely the “fight, fight” tempo that has made cable news a goldmine. As the trial ends, perhaps justice has been done. The largely partisan vote showed that the trial could have had the sound turned off for the purposes of most viewers. We are left with our rage undiluted by reason. It really did not matter what anyone had to say because we were only hearing half of the trial anyway. It provided the perfect verdict on our times.

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Nancy should go home and be a grandma. She acted like a 5-year old during and after the SOTU. You don’t express your “hatred” of someone by imitating their behavior. Grace.

Nancy Pelosi Should Resign (Turley)

The House has its share of infamies, great and small, real and symbolic, and has been the scene of personal infamies from brawls to canings. But the conduct of Speaker Nancy Pelosi (D-Calif.) at the State of the Union address this week will go down as a day of infamy for the chamber as an institution. It has long been a tradition for House Speakers to remain stoic and neutral in listening to the address. However, Pelosi seemed to be intent on mocking President Trump from behind his back with sophomoric facial grimaces and head shaking, culminating in her ripping up a copy of his address.

Her drop the mic moment will have a lasting impact on the House. While many will celebrate her trolling of the president, she tore up something far more important than a speech. Pelosi has shredded decades of tradition, decorum and civility that the nation could use now more than ever. The House Speaker is more than a political partisan, particularly when carrying out functions such as the State of the Union address. A president appears in the House as a guest of both chambers of Congress. The House Speaker represents not her party or herself but the entirety of the chamber. At that moment, she must transcend her own political ambitions and loyalties.

Tensions for this address were high. The House impeachment managers sat as a group in front of the president as a reminder of the ongoing trial. That can be excused as a silent but pointed message from the Democrats. Trump hardly covered himself with glory by not shaking hands with Pelosi. I also strongly disliked elements of his address which bordered on “check under your seat” moments, and the awarding of conservative radio host Rush Limbaugh with the Presidential Medal of Freedom inside the House gallery like a Mardi Gras bead toss. However, if Trump made the State of the Union look like Oprah, then Pelosi made it look like Jerry Springer.

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Yeah. Buttigieg’s campaign manager is married to a woman who owns Shadow Inc. , which produced an app developed by among others Hillary’s campaign manager Robby Mook. And Bloomberg has his people inside the DNC. As does Biden, obviously. It smells like incest.

Bloomberg Surrogates Have Seats on DNC Rules Committees (Sludge)

As the Democratic National Committee establishes procedures for the Democratic presidential nominating process, two members of DNC rules committees simultaneously work on the campaign of former New York Mayor Michael Bloomberg. Having surrogates on the Democratic National Convention’s Rules Committee and the Standing Rules and Bylaws Committee could be a boon for Bloomberg if nominating rules are re-opened for amendment ahead of the July convention. Some DNC members who are concerned about the polling support of Sen. Bernie Sanders (D-Vt.) have discussed reversing rule changes limiting the power of superdelegates that were put in place after the 2016 election, according to a report from Politico. Those discussions have been sharply rebuked by DNC leadership.

The DNC passed intensely-negotiated rule changes in August 2018 that sought to reduce the influence of superdelegates—appointed at-large delegates whose ranks include influential party consultants—primarily by preventing them from casting votes on the first nomination ballot, as they did in 2016. If no candidate receives a majority on the first ballot at the upcoming convention, which will be voted on by 3,979 pledged delegates, then the 771 superdelegates—including some lobbyists for corporate clients—can vote on the second ballot, under the new rules. If the superdelegates were to vote as a block, they could add over 16% to a candidate, potentially pushing their favorite over the top.

Michael Nutter, the former Mayor of Philadelphia who is a member of the Standing Rules and Bylaws Committee, was selected by Bloomberg in December 2019 to serve as his campaign’s national political chair. “Nutter will advise the campaign on policy development and strategy, and serve as a national surrogate on behalf of the campaign, recruiting key voices to join the campaign and traveling to field offices and events, speaking to constituents and press about why Mike Bloomberg is uniquely qualified to unite and rebuild the country at a time when it is more divided than ever,” the Bloomberg campaign said in a December statement.

Nutter was nominated by former DNC Chair Rep. Debbie Wasserman Schultz (D-Fla.) in 2013 and he has served on the rules committee since 2017. Nutter co-hosted a kick-off fundraiser for former vice president Joe Biden in April 2019 after Bloomberg announced a month earlier that he would not run for president, but he quickly switched to Bloomberg’s camp after the former New York mayor reversed course and entered the race.

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Who needs drug labs?

 

 

 

Please donate what you can.

 

Feb 052020
 


DPC Pine Street below Kearney after the great San Francisco earthquake and fire 1906

 

China Applies For Drug Patent, Virus Death Toll +65 To 492 (SCMP)
Cruise Ship Carrying 3,700 Quarantined In Japan After 10 Test Positive (G.)
China’s Airlines Told Not To Axe Global Flights As Thousands Cut (R.)
Cathay Pacific Asks All 27,000 Employees To Take 3 Weeks Unpaid Leave (SCMP)
Trump-Pelosi Feud Erupts During SOTU As Impeachment Trial Nears End (R.)
Ocasio-Cortez Among 10 Democrats Planning To Boycott State Of The Union (G.)
Joe Biden Flopped In Iowa. And So Did The Democratic Party’s Reputation (G.)
The Big Tech Money Behind The App That Brought Chaos To The Iowa Caucus (F.)
Oil Flips Into Contango, Indicating Months Of Surplus (R.)
Britain To Ban New Petrol And Hybrid Cars From 2035 (R.)
Tesla Shares March Toward $1,000 (R.)
Musk’s Tesla Stake Worth $30 Billion After Electrifying Stock Surge (R.)
Council of Europe Sides With Julian Assange (IA)

 

 

Here we go again. The WuhanCorona virus continues on its record-setting path.

• Total cases 24,542 (+3872)

• 4,105 new cases in China (record daily high)

• 492 deaths (+65, also a record daily high)

• 185,555 cases under medical observation

Note: this pic below comes from a SCMP app that constantly updates. Numbers in articles do not necessarily. Therefore, they don’t always “add up”.

Note also the addition of recovered cases.

 

 

A few pics I picked up. How stark would you like it?

 

Here someone is trying to make the argument that the mortality rate is falling. That would be great, but I’m not sure it is true. Many factors have changed since the count began.

 

 

 

Gilead’s remdesivir looks like a Hail Mary. Not sure what the new patent application entails. A general anti-viral that came out of Ebola research?!

China Applies For Drug Patent, Virus Death Toll +65 To 492 (SCMP)

Daily deaths caused by the new coronavirus have reached yet another record high in China, with 65 fatalities – all in Hubei province – confirmed in overnight figures released by health authorities. The newly reported fatalities took the death toll in mainland China to 490. According to data released on Wednesday morning by China’s National Health Commission (NHC), confirmed cases around the country rose by 3,887 – also a daily record high – to 24,324, the majority of which were in Hubei, the epicentre of the outbreak. Cases of the novel coronavirus in Hubei rose by 3,156 to 16,678, according to provincial figures as of midnight on Tuesday. Almost 2,000 of those new cases were confirmed in Hubei’s capital of Wuhan, where the virus is believed to have originated at a seafood and meat market.

China has applied for a new patent on an experimental drug to treat the coronavirus. Wuhan Institute of Virology said in an online notice that a patent application had been filed on January 21 for the use of remdesivir, a drug developed by biopharmaceutical company Gilead Sciences. The drug has not been approved or licensed anywhere in the world, but has been rushed into trials in China after showing signs of effective use on coronavirus patients. Chinese scientists have found remdesivir – and chloroquine, an 80-year-old malaria drug – “highly effective” in laboratory studies aimed at thwarting the coronavirus, they said in a paper published on Tuesday in the journal Cell Research.

The two drugs’ effect on humans required further clinical tests, the Wuhan institute said in the online notice. It made the patent application in the national interest and would not exercise its patent rights if foreign pharmaceutical firms worked with China to curb the contagion, it said.

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The only people that can get off the ship are the ones that are confirmed infected. Hell on water.

One 80-year-old tested positive After leaving the ship. Then 273 were tested. When the first 31 results came in, 10 tested positive. That leaces 3,300 untested?

Cruise Ship Carrying 3,700 Quarantined In Japan After 10 Test Positive (G.)

Thousands of people face spending the next fortnight stuck on a luxury cruise ship quarantined off the Japanese port of Yokohama, after initial results showed 10 passengers have tested positive for the novel coronavirus. The Diamond Princess, with more than 3,700 passengers and crew onboard, had been prevented from sailing on Monday after an 80-year-old passenger who had travelled on the vessel late last month tested positive after he arrived home in Hong Kong. Of a further 273 people on board who have since been tested following health screenings, 31 results had come back – and of those 10 were positive, according to Japan’s health minister, Katsunobu Kato. It is not clear if more tests will be carried out.

Also on Wednesday, health checks began on 1,800 passengers and crew on a second cruise ship docked in Hong Kong, after 30 staff members reported symptoms including fever, according to Reuters. Hong Kong’s health department said that 90% of the passengers were Hong Kongers and no mainland Chinese were on board. Previously, three mainland Chinese that had been on the ship between 19 and 24 January, and were found to have contracted the virus. No passengers have been able to leave the World Dream ship, operated by Dream Cruises, without permission. David Abel, a British passenger who has been on the Diamond Princess for more than two weeks, said that people were now being confined to their cabins.

“We’re not even allowed to open the cabin door to go down the corridor. They bring the food to us – it’s a knock on the door. For the first time ever the crew are masked up,” he said. [..] Two Australians are among the 10 people who have tested positive, the cruise company Carnival confirmed. The other people infected are three Japanese, three from Hong Kong, one American and one Filipino crewmember. The patients, who are reportedly aged in their 50s to their 80s, were being removed from the ship by the coast guard and taken to local hospitals. The ship’s owner, Princess Cruises, said 3,711 people were aboard the ship, consisting of 2,666 guests and 1,045 crew. About half of the passengers are from Japan, with 223 Australians on the vessel.

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They’ll be stopped soon enough. There are no other options left.

China’s Airlines Told Not To Axe Global Flights As Thousands Cut (R.)

China’s civil aviation authority has urged domestic carriers to continue flying international routes as they consider cuts in response to a drop in demand due to the coronavirus outbreak, state news agency Xinhua reported on Tuesday. Airline capacity is being axed in the world’s second largest aviation market with “the most dramatic change in schedules”, OAG Aviation Worldwide Ltd said, adding that more than 25,000 flights to, from or within China will be canceled this week. The coronavirus epidemic, which has killed more than 400 people in China, has resulted in bans or restrictions on travel to and from China imposed by countries including Singapore and Italy. The World Health Organization’s director-general, Tedros Adhanom Ghebreyesus, had said travel bans were unnecessary.


The Civil Aviation Administration of China’s appeal to the country’s airlines was reported on Xinhua’s account on Chinese messaging app Weibo. Data from aviation statistics provider VariFlight showed 41 Chinese carriers canceled nearly two-thirds of the 16,623 planned flights for Tuesday as of 10:30 a.m. Beijing time (0230 GMT). In addition, 10 regional airlines from Hong Kong and Taiwan had canceled 162 flights, while 37 airlines from other countries canceled 168 flights on the same day, VariFlight said. It also said that some 90,000 flights were canceled between Jan. 10 and Feb. 3, and that about 10,000 planned flights on average have been scrapped each day since the start of February.

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But Hong Kong’s airline is not listening…

Cathay Pacific Asks All 27,000 Employees To Take 3 Weeks Unpaid Leave (SCMP)

Cathay Pacific is asking all of its 27,000 employees to take three weeks of unpaid leave over the coming months, the company’s CEO told staff on Wednesday, as Hong Kong’s flagship carrier reels from the devastating impact of the deadly coronavirus on air travel. “I am appealing to each and everyone one of you to help,” said Augustus Tang Kin-wing in a taped video recording. “The situation now is just as grave.” On Tuesday, Hong Kong’s flagship carrier unveiled massive cuts to flying schedules, by 30 per cent worldwide for two months, including in mainland China which would see 90 per cent of its capacity cut during that period.

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Grace, Nancy. It has a place. You lost your gamble, and the way you take your losses tells people a lot about you.

Trump-Pelosi Feud Erupts During SOTU As Impeachment Trial Nears End (R.)

A bitter feud between U.S. President Donald Trump and top Democrat Nancy Pelosi boiled over at his State of the Union speech on Tuesday, with Trump denying her a handshake and Pelosi ripping apart a copy of his remarks behind his back. Trump avoided the subject of his impeachment drama in a pugnacious 80-minute speech, but the raw wounds from the battle were evident with fellow Republicans giving him standing ovations while rival Democrats for the most part remained seated. The Republican-led Senate was expected to acquit him of charges he abused his powers and obstructed Congress during a vote beginning at 4 p.m. EST on Wednesday.


How some Republicans watched SOTU

Seeing Pelosi, the U.S. House of Representatives speaker, for the first time since she stormed out of a White House meeting four months ago, Trump declined to shake her outstretched hand as he gave her a paper copy of his remarks before starting to speak. Despite having not spoken to Trump since their last meeting, Pelosi appeared to be taken aback. She avoided citing the customary “high privilege and distinct honor” that usually accompanies the speaker’s introduction of the president to Congress. “Members of Congress, the President of the United States” was all she said in introducing Trump.


When his speech ended, Pelosi stood and tore up her copy of the remarks he had handed her, later telling reporters it was “the courteous thing to do, considering the alternative.” Kayleigh McEnany, Trump’s campaign spokeswoman, said of Pelosi: “Her hatred for @realdonaldtrump has blinded her to the repulsive nature of her smug, elitist behavior.” After the event, Pelosi tweeted a photo of her with her hand reaching out to Trump and said, “Democrats will never stop extending the hand of friendship to get the job done #ForThePeople. We will work to find common ground where we can, but will stand our ground where we cannot. #SOTU”

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Preaching only to her own little crowd, empty virtue signals. Same as Pelosi: grace has its place.

Ocasio-Cortez Among 10 Democrats Planning To Boycott State Of The Union (G.)

At least 10 Democrats have said they will boycott Donald Trump’s State of the Union address on Tuesday night on the eve of a Senate impeachment trial vote that is expected to acquit him. Congresswoman Alexandria Ocasio-Cortez, of New York, said she would not be attending because she did not want to normalize Trump’s “lawless conduct” and “subversion of the constitution”. Ayanna Pressley of Massachusetts issued a statement explaining her decision, saying: “The State of the Union is hurting because of the occupant of the White House, who consistently demonstrates contempt for the American people, contempt for Congress, and contempt for our constitution – strong-arming a sham impeachment trial in the Senate. This presidency is not legitimate.”


“On the eve of Senate Republicans covering up transgressions and spreading misinformation, I cannot in good conscience attend a sham State of the Union when I have seen firsthand the damage Donald J Trump’s rhetoric and policies have inflicted on those I love and those I represent.” Both women attended Trump’s State of the Union speech last year just a month after taking office, but have since been the target of his racist attacks. The two other members of “the Squad” of progressive freshman congresswomen who were also subjected to those attacks, Rashida Tlaib of Michigan and Ilhan Omar of Minnesota confirmed they would attend the address.

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Biden is gone. Buttigieg is suspicious. It’s not about the party’s reputation anymore, it’s about the Party itself.

Joe Biden Flopped In Iowa. And So Did The Democratic Party’s Reputation (G.)

If you’re the type of person who thinks the Democratic party is a creaking, incompetent entity whose leadership needs overthrowing, the Iowa caucuses certainly validated your point of view. None of us knew who would win, but we had at least expected a result. We didn’t get one, at least not on caucus night. State Democratic party officials announced that due to “quality control” issues, release of the result would be indefinitely delayed. On a conference call with representatives of the candidates, party officials hung up the phone when asked when the totals would be released. So what do we know? Well, one thing we can say confidently is that “frontrunner” Joe Biden flopped.

There were places where Biden didn’t even meet the 15% threshold needed to maintain viability from the first round to the second round – at one caucus site, the attorney general of Iowa had to switch from Biden to Buttigieg when Biden was disqualified. It explains why Biden’s surrogate John Kerry was heard on the phone the other day asking whether it would be possible for him to enter the race at the last minute to save the Democratic party from being conquered by Sanders. Internal numbers released by the Sanders campaign, showing results from 40% of caucus sites, showed Sanders winning with approximately 30% of the vote, Pete Buttigieg coming in second with 25%, Elizabeth Warren third with 21%, and Joe Biden a very distant fourth with 12%.

If those numbers match the ultimate totals, they are great for Sanders and absolutely horrific for Biden. Sanders will have kicked the crap out of the frontrunner, Barack Obama’s former vice-president and the man most favored to win the nomination. It would be a stunning upset. But Biden caught a lucky break. With the party not releasing the actual result, his campaign sent a letter demanding that the result be suppressed until such time as the “quality control issues” were resolved. If it takes long enough to get the official count, Biden may hope that Iowa is old news, or that the issues surrounding the caucus are discussed far more than the actual result. (That’s one reason we need to make sure we don’t get bogged down too much in talking about the procedural issues rather than the actual outcome.)

[..] If you’re a Sanders supporter, you have reason to be suspicious. We had already seen the Des Moines Register suppress the results of its “gold standard” poll on the eve of the election, after a complaint from Buttigieg. And with 0% of caucus results in, Buttigieg declared himself “victorious”, praising the “incredible result” and saying Iowa had “shocked the nation”. The only thing that had shocked the nation at this point was Iowa’s total inability to perform the relatively simple task of counting people’s votes. But Buttigieg, good McKinseyite that he is, was getting a head start on deploying the PR spin.

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“..cutting-edge technology to stymie a Trump re-election..”

The Big Tech Money Behind The App That Brought Chaos To The Iowa Caucus (F.)

The smartphone app that caused a major delay in reporting results during Iowa’s Democratic caucus was funded by both Democratic presidential candidates and Silicon Valley veterans anxious to use cutting-edge technology to stymie a Trump re-election. The app that was supposed to count and report caucus results was created by Shadow Inc., a for-profit tech company cofounded in February 2019 by former Google engineer Kirsta Davis and Gerard Niemira, an engineer who worked at San Francisco microlender Kiva.org. Both later worked on Hillary Clinton’s failed 2016 presidential campaign.


Washington D.C.-based Shadow was acquired last year by Acronym, a nonprofit also based in D.C. and founded in March 2017 by former journalist Tara McGowan to advance “progressive causes through innovative communications, advertising and organizing programs.” It has an affiliated political action committee called Pacronym. Silicon Valley heavyweights make up the liberal-leaning roster of Pacronym’s backers. One supporter is billionaire Michael Moritz, a partner at Sequoia Capital, whose net worth of $4.1 billion stems from his early bets on Google, LinkedIn and PayPal. According to Federal Election Committee data, he gave $1 million to Pacronym, or 12.8% of the $7.8 million that it has raised since early 2019.

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Mighty OPEC loses to tiny virus.

Oil Flips Into Contango, Indicating Months Of Surplus (R.)

The oil market looks set for at least four months of depressed demand because of China’s coronavirus outbreak, with a large crude surplus not expected to clear at least until August, analysts and traders said. Fears of a virus-related slump in global energy demand have flipped the market into contango this week – a structure in which longer-dated oil futures trade at a premium that encourages traders to keep crude in storage for more profitable resale in the future. Brent crude has not been in contango since July 2019. On Tuesday the benchmark was in contango for as much as $0.40 a barrel between prices for closest trading month April and August. For U.S. West Texas Intermediate (WTI) crude the contango between March and July prices was $0.60 a barrel.

The structure of the market has significant implications. Besides encouraging storage of oil, contango also hurts financial investors who have to pay a premium every month they renew a futures contract. [..] Goldman Sachs, meanwhile, said the flip of time spreads into contango is consistent with the physical market suddenly shifting into a large surplus. “While deferred Brent time spreads are too discounted in our view, evidence that Chinese refiners are pushing back on crude shipments and Atlantic loadings points to ongoing weakness for nearby Brent time spreads,” Goldman said in a market note. China has been the main driver of global energy demand growth in recent years and ING Bank said the market is clearly worried that Chinese refinery demand will retreat.

“The issue for the market is if travel restrictions continue for an extended period … demand loss will become increasingly difficult for the market to swallow,” ING said, adding OPEC+ could come under increasing pressure to cut output by more than laid out in their existing supply pact.

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Until you have been explained exactly where the electricity will come from, this is nothing but a swindle. Do you like being swindled?

Britain To Ban New Petrol And Hybrid Cars From 2035 (R.)

Britain will ban the sale of new petrol, diesel and hybrid cars from 2035, five years earlier than planned, in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine. The step amounts to a victory for electric cars that if copied globally could hit the wealth of oil producers, as well as transform the car industry and one of the icons of 20th Century capitalism: the automobile itself. Prime Minister Boris Johnson is seeking to use the announcement to elevate the United Kingdom’s environmental credentials after he sacked the head of a Glasgow U.N. Climate Change Conference planned for November known as COP26.


“We have to deal with our CO2 emissions,” Johnson said at a launch event for COP26 at London’s Science Museum on Tuesday. “As a country and as a society, as a planet, as a species, we must now act.” The government said that, subject to consultation, it would end the sale of new petrol, diesel and hybrid cars and vans in 2035, or earlier if a faster transition was possible. Countries and cities around the world have announced plans to crack down on diesel vehicles following the 2015 Volkswagen emissions scandal and the EU is introducing tougher carbon dioxide rules. The mayors of Paris, Madrid, Mexico City and Athens have said they plan to ban diesel vehicles from city centres by 2025. France is preparing to ban the sale of fossil fuel-powered cars by 2040.

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Trading hot air.

Tesla Shares March Toward $1,000 (R.)

Shares of Tesla Inc surged 20% on Tuesday to hit $940, extending a stunning rally that has more than doubled the company’s market value since the start of the year as more investors bet on Chief Executive Elon Musk’s vision. The latest surge was partly fueled by Panasonic saying on Monday its automotive battery venture with Tesla was in the black for the first time. “Investors are now starting to believe that Tesla can make mass-volume electric vehicles, and automakers, battery makers and suppliers can make money from EVs,” said Cho Hyun-ryul, analyst at Samsung Securities. Some analysts have attributed the rally to short covering as well. Short interest in Tesla stood at 13.8% as of Jan. 30, according to Refinitiv data.


Shares of heavily shorted companies can at times get pushed higher as traders rush to buy stock to cover their short bets, triggering what is known as a “short squeeze”. Panasonic shares closed up 10%, while those of Tesla’s Asian suppliers South Korea’s LG Chem and China’s CATL also closed higher. Tesla’s surge on Tuesday valued the company at nearly $170 billion, nearly double the combined market capitalization of General Motors and Ford Motor. Tesla last week reported a second consecutive quarterly profit and said it would comfortably make more than half a million vehicles this year. Billionaire investor Ron Baron, whose firm holds a nearly 1% stake in Tesla, said he will not be selling a single Tesla share, adding he believes the carmaker could hit $1 trillion in revenue in 10 years.

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Fridges for Inuit.

Musk’s Tesla Stake Worth $30 Billion After Electrifying Stock Surge (R.)

Tesla is making Elon Musk a lot richer without paying him a dime. A blistering stock rally has bolstered the value of CEO Musk’s 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion. Tuesday’s steep climb in the share price could sweeten Musk’s payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion. The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.


Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018. That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co and BMW. Tesla shares have climbed about 400% since early June, helped by the company’s better-than-expected financial results and ramped-up production at its new car factory in Shanghai. [..] Musk’s Tesla stake worth $30 billion after electrifying stock surge

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Now apply the Force.

Council of Europe Sides With Julian Assange (IA)

The attitude of European institutions is changing after years of silence. In this case, it was Andrej Hunko and Gianni Marilotti that convinced the European Assembly to speak up. The moment that press freedom advocates have been waiting for so long has finally arrived. The European institutions are starting to officially state that they don’t want Julian Assange to be extradited to the U.S. The Parliamentary Assembly of the Council of Europe (PACE) has become the first one to step in and call for Assange’s immediate release, joining the call of the United Nations Special Rapporteur on Torture, Nils Melzer, who some months ago clearly stated that Assange should walk free.

The call was made on the 28th of January, 2020, when the PACE was debating on a resolution for the Member States included in a report on Threats to Media Freedom and Journalists’ Security in Europe. Drafted by the Labour member of the British House of Lords, George Foulkes, the document opens stating that the Council of Europe and its Assembly are firmly committed to strengthening media freedom in all its aspects, including the right to access to information, the safeguard of editorial independence and of ‘the ability to investigate, criticise and contribute to public debate without fear of pressure or interference’. Several amendments to the report were proposed inside the PACE Committee on Culture, Science, Education and Media, and Lord Foulkes, who is part of it, was happy to accept the one on Assange.

Lord Foulkes said: “UK colleagues supported it because we don’t want to see him extradited by the UK Government to the United States and facing centuries in prison.” The Council of Europe is the continent’s leading institution on human rights and includes 47 member states, 28 of which are also part of the European Union. What this Parliamentary Assembly, made up of members of national legislatures says about freedom of the press is something civil society should take notice of. In this light, you would hope that the work of Wikileaks and his founder can hardly be forgotten. Or maybe it could — it seemed to be surprisingly off the agenda until some weeks ago, but January 2020 seems to have marked a change of course.

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