May 252019
 
 May 25, 2019  Posted by at 10:24 am Finance Tagged with: , , , , , , , ,  


 

What Assange Charges Could Mean For Press Freedom (Jonathan Turley)
A Threat to the Press and the American People (IC)
Professional #Assange Smearers Finally Realize His Fate Is Tied To Theirs (CJ)
The Belligerence of Empire (Orphan)
Australian Government Urged To Intervene In Assange Case (G.)
Trump Wants Investigation Into Australia’s Role In ‘Russian Hoax’ (G.)
The Golem Strikes Back (Kunstler)
Political Media Is a Hucksters’ Paradise (Taibbi)
Trump Declares Emergency To Expedite Arms Sales To Saudi Arabia And UAE (CNN)
For The First Time Ever, China Takes Over An Insolvent Bank (ZH)
EU Fraud Watchdog Considering Nigel Farage Investigation (G.)
We’ve Created A Civilisation Hell Bent On Destroying Itself (C.)

 

 

Hundreds of assessments of what the Assange charges mean. Turley’s not a bad place to start.

What Assange Charges Could Mean For Press Freedom (Jonathan Turley)

For over a decade, there has been a raging debate over precisely what Julian Assange is – whistleblower, journalist, or spy. Now that question will have to be answered after the United States hit him with 17 new counts under the Espionage Act for receiving and publishing information from Army intelligence analyst Chelsea Manning. The Trump administration has now crossed the line that many counselled it to avoid – and may have triggered the most important press freedom case in the US in 300 years. While the status of Assange has long been hotly debated, his actions in publishing classified information on Wikileaks is a common component of journalism. Indeed, the most celebrated cases in history – such as the failed attempts to stop the release of the Pentagon Papers in 1971 – were based on the publications of classified evidence.

Assange’s supporters note that his publications revealed alleged war crimes in places like Afghanistan and Iraq that were unlikely to have been exposed otherwise. If it was a crime for Assange to receive and publish such information, much of the journalism in the US would become a de facto criminal enterprise. In April, the government avoided this threshold question by charging Assange with a single count of conspiracy to commit computer intrusion. The charge related to helping Manning obtain access to defence department computers in 2010. In doing so, the justice department stayed clear of charging him as a publisher as opposed to an intruder. That is until Thursday.

The charges were brought under the controversial Espionage Act of 1917. Passed after World War One, it was used to target anti-war activists and political dissidents. The law has long been denounced as unconstitutional in its criminalising of receiving and publishing classified information. It is no surprise that the justice department had to use this much-ridiculed law to achieve this ignoble goal. Counts nine through 17 against Assange concern the publications of “national defence information.” The justice department takes pains to try to argue that Assange is not a journalist and that the publication counts concern the disclosure of not just classified information but the actual names of intelligence sources. That however may establish that Assange is a poor journalist, but a journalist all the same.

Read more …

Everybody does what WikiLeaks does. Just not as successful.

A Threat to the Press and the American People (IC)

The indictment says that Assange and WikiLeaks “repeatedly sought, obtained, and disseminated information that the United States classified due to the serious risk that unauthorized disclosure could harm the national security of the United States.” That is almost a textbook definition of the job of a reporter covering national security at a major news organization. Take a look at the tips pages of most news outlets, and you’ll see a remarkable similarity between what journalists ask for and what WikiLeaks sought. The indictment goes on to say that “WikiLeaks’s website explicitly solicited censored, otherwise restricted, and until September 2010, ‘classified’ materials.”


Today, virtually every major news organization has a similar secure drop box where sources can provide information anonymously. WikiLeaks popularized that technique for soliciting anonymous leaks, but it is now common journalistic practice. “Assange personally and publicly promoted WikiLeaks to encourage those with access to protected information, including classified information, to provide it to WikiLeaks for public disclosure,” the indictment says. Nearly every national security reporter goes on television, gives speeches, or launches book tours to promote their work and hopefully obtain new sources. All of this raises an obvious question: If the government can charge Assange for conspiring to obtain leaked documents, what would stop it from charging the CIA beat reporter at the New York Times for committing the same crime?

Read more …

Rachel Maddow is a giant blemish on our world.

Professional #Assange Smearers Finally Realize His Fate Is Tied To Theirs (CJ)

“And, you know, I know you,” Maddow continued, pointing to the camera. “Given everything else that we know about the WikiLeaks guy, I can feel through the television right now your mixed feelings about what I am saying. I can feel what may be, perhaps, a certain lack of concern about Julian Assange’s ultimate fate, given his own gleeful and extensive personal role in trying to help a hostile foreign government interfere in our election in order to install their chosen president with WikiLeaks’ help. Okay? I know. Okay, I feel ya. I got it. But, it is a recurring theme in history, heck, it is a recurring theme in the Bible, that they always pick the least sympathetic figures to try this stuff on first.

Despite anyone’s feelings about this spectacularly unsympathetic character at the center of this international drama, you are going to see every journalistic institution in this country, every First Amendment supporter in this country, left, right and center, swallow their feelings about this particular human and denounce what the Trump administration is trying to do here. Because it would fundamentally change the United States of America.” Wow. Make no mistake, this is a hugely significant development. This isn’t just some columnist for the New York Times or the Guardian, this is Rachel effing Maddow, the Queen Mother of all tinfoil pussyhat-wearing Russiagate insanity.

This same pundit was just a couple of months ago not just smearing but outright lying about Assange, deceitfully telling her audience that the new legal rings closing around Assange were about his 2016 publications then instructing viewers not to Google anything about it because they’ll get computer viruses. Now that she’s recognized that this could actually hurt her and her network directly, she’s finally feeding her audience a different narrative out of sheer enlightened self-interest.

Read more …

Violence is the sole language of empire.

The Belligerence of Empire (Orphan)

Violence is the sole language of empire. It is this only currency it uses to enforce its precepts and edicts, both at home and abroad. Eventually this language becomes internalized within the psyche of the subjects. Social and cultural conditioning maintained through constant subtle messaging via mass media begins to mold the public will toward that of authoritarian conformity. The American Empire is emblematic of this process. There is mass compliance to the dictates of the ruling class and this occurs most often without any prompting or debate whatsoever. In this dictatorship of money the poor are looked at with ridicule and contempt, and are often punished legally for their imposed poverty.

But the social conditioning of the American public has led toward a bizarre allegiance to its ruling class oppressors. Propaganda still works here and most are still besotted with the notion of America being a bastion of “freedom and democracy.” The growing gap between the ultra-wealthy and the poor and the gutting of civil liberties are ignored. And blind devotion is especially so when it comes to US foreign policy. Most Americans still believe they live in the greatest country on the planet. They believe the American military to be noble and that they always reluctantly go into or are forced into war. Indeed, both the Democrats and Republicans possess an uncanny ability to bridge their ideological distances when it comes to defending US militarism, the Pentagon and the war machine of imperialism.

But this is tied to the defense of capitalism, the ruling class, and the ultimate reason for war: the protection of that class’s global capital investments. The persecution of Chelsea Manning, much like the case of Julian Assange, is demonstrative of this. It is a crusade against truth tellers that has been applauded from both sides of the American establishment, liberal and conservative alike. It does not matter that she helped to expose American war crimes. On the contrary, this is seen as heresy to the Empire itself. Manning’s crime was exposing the underbelly of the beast. A war machine which targeted and killed civilians and journalists by soldiers behind a glowing screen thousands of miles away, as if they were playing a video game.

Read more …

They would have already if they wanted.

Australian Government Urged To Intervene In Assange Case (G.)

The Australian film-maker who spent 15-months in a Cambodian jail on spying charges says he fears Julian Assange is being used as an “example” to other journalists as part of what he described as “a fundamental attack on the fourth estate”. James Ricketson spent more than a year inside the overcrowded Prey Sar prison in Phnom Penh on spying charges before his release last September after a public outcry and lobbying by the Australian government. On Friday he told Guardian Australia he hoped the Morrison government would make “a forthright public statement” in support of Assange and the principle of press freedom.


“I would like to think the Australian government is woking in the background to forge some kind of resolution that is fair and equitable in the Julian Assange case,” he said. “Although it was not clear to me at the time, it’s now clear that from at least January last year there were fairly high-level representations being made to the Cambodian government on my behalf. “The government had its own reasons for why it needed to keep that secret [but] it would certainly be nice if it were to make a public statement to the effect that we’re concerned about the fate of Julian Assange and the impact of this extradition attempt on investigative journalism in Australia and worldwide.”

Read more …

Talking about Australia…

Trump Wants Investigation Into Australia’s Role In ‘Russian Hoax’ (G.)

Donald Trump has said he wants Australia’s role in setting off the FBI inquiry into links between Russia and his election campaign examined by the US attorney general, William Barr. It is a potentially explosive development for the historically solid US-Australian alliance and the first time Trump has publicly named Australia while discussing what he calls the “Russia hoax” and “witch hunt”. A spokesman for Marise Payne, Australia’s foreign affairs minister, responded to the comments on Saturday by saying: “Australia and the United States are the closest of allies.” “The government has not commented on these matters and doing so could prejudice any ongoing investigation,” he said.

Trump said he had declassified “potentially millions of pages” of intelligence documents related to surveillance activities on his campaign and Barr would be in charge of analysing it. “So what I’ve done is I’ve declassified everything,” Trump told reporters at the White House on Friday before leaving on a trip to Japan. “He can look and I hope he looks at the UK and I hope he looks at Australia and I hope he looks at Ukraine. “I hope he looks at everything, because there was a hoax that was perpetrated on our country.” Trump’s former campaign aide George Papadopoulos has claimed that Australia’s former high commissioner to the UK, Alexander Downer, spied on him during a meeting at a London bar in May 2016.

Downer has rejected this, but said that during the meeting Papadopoulos had told him Russia had damaging material on Trump’s presidential rival, Hillary Clinton. In an interview with the ABC’s Matt Bevan, Downer said Papadopoulos told him during the meeting he was confident Trump would win the election because the Russians had some information on Clinton which could be damaging to her if released. Downer then passed this information on to Canberra. Papadopoulos denies he ever mentioned Russia and Clinton during the meeting.

Read more …

“..the US Intel “community” trafficked in fictitious malarkey supplied by Mrs. Clinton..”

The Golem Strikes Back (Kunstler)

There’s perhaps a lot to dislike about Donald J. Trump, US President No. 45. Despite all the grooming and tailoring, there’s little savoir faire there. He tweets not like a mellifluous songbird, but in snorts like a rooting aardvark. His every predilection is an affront to the refined Washington establishment: his dark business history, his beloved ormolu trappings, his Mickey-D cheeseburgers, the mystifying hair-doo. Even so, the bad faith of his antagonists exceeds even Mr. Trump’s defects and vices. The plot they concocted to get rid of him failed. And, yes, it was a plot, even a coup. And they fucked it up magnificently, leaving a paper trail as wide as Interstate-95.

Now all that paper is about to fall over the District of Columbia like radioactive ash, turning many current and former denizens of rogue agencies into the walking dead as they embark on the dismal journey between the grand juries and the federal prisons. Hence, the desperate rage of the impeachment faction, in direct proportion to their secret shameful knowledge that the entire RussiaGate melodrama was, in fact, a seditious subterfuge between the Hillary Clinton campaign and a great many key figures in government up-to-and-including former president Barack Obama, who could not have failed to be clued-in on all the action. Even before the declassification order, the true narrative of events has been plainly understood: that the US Intel “community” trafficked in fictitious malarkey supplied by Mrs. Clinton to illegally “meddle” in the 2016 election.

[..] The evidence already public indicates that Robert Mueller must have known as early as the date of his appointment (and likely before) that the predicating evidence for his inquiry was false. After all, his lead prosecutor, Andrew Weissmann, was informed of that in no uncertain terms by Deputy Attorney General Bruce Ohr in 2016. Justice may seek to know why Mr. Mueller did not inform the target of his inquiry that this was so. The answer to that may be that Mr. Mueller’s true mission was to disable Mr. Trump as long as possible while setting an obstruction of justice trap — which also failed tactically.

Read more …

“..Democratic organizers realized they’d come within a hair’s breadth of printing bumper stickers and posters for an unraveling one-man Enron.”

Political Media Is a Hucksters’ Paradise (Taibbi)

Avenatti became an instant celebrity after he filed a lawsuit seeking to void the non-disclosure agreement between Trump and Daniels, in which she received a $130,000 payoff to be quiet about what she would later call “the least impressive sex I ever had.” In that, Avenatti had something cable television wanted more than anyone ever wanted anything: details about the president’s “smaller than average” tackle and Daniels’ tale of “getting fucked by a guy with Yeti pubes and a dick like the mushroom character in Mario Kart.” Avenatti leveraged being the gatekeeper of this story into daily TV appearances, where he quickly became a political figure in his own right, someone who would play the Democrats’ bare-knuckle answer to Trump.

By last summer in Iowa, he was already giving speeches as a presidential hopeful. CNN gushed: “Cribbing but amending Obama, Avenatti added, “When they go low, I say, we hit harder…” Whether by calling Michael Cohen a “thug,” or demanding an “immediate indictment” over the hush money issue, Avenatti could be counted on to take the maximally aggressive posture. Media figures couldn’t praise him enough. He was great, emotionally satisfying TV! Our own version of Trump! Ana Navarro compared him to the “Holy Spirit” on The View, while Joy Behar said “being a lawyer is minimal compared to what he’s doing.” MSNBC’s Stephanie Ruhle said, ”The Democrats could learn something from you.”

Brian Stelter, who later excused his admiration on the grounds Avenatti showed “Trump-like mastery” of media, said Avenatti should be taken “seriously as a contender.” In another forum he was called the “savior of the Republic.” Avenatti wasn’t the savior of anything. He turned out to be an epic buffoon and massive net minus for Democrat causes. His performance in the fight over Brett Kavanaugh’s Supreme Court confirmation last fall – where the Maya Angelo-quoting self-described feminist ended up having his own witness tell NBC he’d “twisted” her words – was just one faceplant. He was soon after arrested for domestic violence. This helped lead to cancellation of campaign events, as Democratic organizers realized they’d come within a hair’s breadth of printing bumper stickers and posters for an unraveling one-man Enron.

Read more …

Empire.

Trump Declares Emergency To Expedite Arms Sales To Saudi Arabia And UAE (CNN)

The Trump administration has declared an emergency to bypass Congress and expedite billions of dollars in arms sales to various countries — including Saudi Arabia and the United Arab Emirates — citing the need to deter what it called “the malign influence” of Iran throughout the Middle East. Secretary of State Mike Pompeo formally told lawmakers Friday of the administration’s plans. “These sales will support our allies, enhance Middle East stability, and help these nations to deter and defend themselves from the Islamic Republic of Iran,” Pompeo said in a statement that put the value of the sales at $8.1 billion.


In a Friday letter to congressional lawmakers, Pompeo said that he “determined that an emergency exists, which requires the immediate sale of the defense articles and defense services” to Saudi Arabia, the UAE and Jordan “in order to deter further the malign influence of the Government of Iran throughout the Middle East region,” according to a copy obtained by CNN. The notification comes on the same day as President Donald Trump’s announcement that he is sending an additional 1,500 US troops to the Middle East to counter Iran. Pompeo noted in his statement that “today’s action will quickly augment our partners’ capacity to provide for their own self-defense and reinforce recent changes to US posture in the region to deter Iran.”

Read more …

First time they announce it anyway.

For The First Time Ever, China Takes Over An Insolvent Bank (ZH)

There was a time when in the years following the financial crisis, every Friday the FDIC would report of one or more small and not small banks failing, as their liabilities exceeded their assets, who were taken over by larger peers with a taxpayer subsidy to cover the capital shortfall. And while this weekly event, also known as “FDIC Failure Friday” has faded from the US, for now, it has made a grand appearance in China. China’s financial regulators said on Friday the country’s banking and insurance regulator and the central bank, will take control of the small, troubled inner Mongolia-based Baoshang Bank due to the serious credit risks it poses.


The regulator’s control of Baoshang will last for a year starting on Friday, the People’s Bank of China (PBOC) and China Banking and Insurance Regulatory Commission (CBIRC) said on their websites. China Construction Bank (CCB) will be entrusted to handle the business operations of the small lender, based in the industrial city of Baotou, the statement said. Such a takeover by national authorities is extremely rare, and takes place amid gathering concerns among regulators and financial analysts about a renewed surge in bad debts…

… a record pace of corporate defaults, amounting to 39.2 billion yuan of domestic bond defaults in the first four months of the year, 3.4 times the total for the same period of 2018…

Moody’s analyst Yulia Wan told the WSJ that regulators likely decided to take over Baoshang to limit any fallout to businesses in Inner Mongolia. “The move is to reduce the risk of a shock to the local economy,” said said, adding that the Baoshang takeover appeared to be the first time that national authorities seized control of a bank since Chinese lenders started listing on stock markets in the 1990s. In the past when banks came under pressure, local authorities would pull together funds from local state-owned firms and investors, or have another bank stage a takeover.

Read more …

He’ll claim it’s a witch hunt.

EU Fraud Watchdog Considering Nigel Farage Investigation (G.)

The European Union’s anti-fraud watchdog is considering whether Nigel Farage should be investigated for any illegal activity over lavish payment from Arron Banks, the Guardian has learned. The agency, which goes by its French acronym, Olaf, revealed it was carrying out an assessment, which could lead to a formal investigation. This “initial assessment … does not mean that the individuals in question are guilty of any wrongdoing”, it said. While not a full-blown inquiry, it is a rare and significant step for Olaf to consider investigating a member of the European parliament. The European parliament this week opened an investigation into revelations made by Channel 4 that the insurance tycoon Arron Banks funded a lavish lifestyle for Farage in the year of the Brexit referendum.


In 2016, Farage received expenses of about £450,000, including rent on a Chelsea home, furniture, security and promotional trips to the US, where he attended the Republican national convention. Nothing was declared, an apparent violation of the European parliament’s code of conduct, which states that MEPs must report expensive gifts and attendance at events bankrolled by third parties. “We are aware of the press reports and public statements on the matter you are referring to,” a spokesperson for Olaf said, in response to questions from the Guardian. “It is only after such an initial assessment, which is currently ongoing, that Olaf decides whether or not to open an investigation.” The agency usually takes two months to carry out an assessment, which will examine whether the case falls under its remit and if there is “sufficient suspicion of fraud, corruption or any illegal activity affecting the EU’s financial interests”.

Read more …

Death cult.

We’ve Created A Civilisation Hell Bent On Destroying Itself (C.)

The coffee tasted bad. Acrid and with a sweet, sickly smell. The sort of coffee that results from overfilling the filter machine and then leaving the brew to stew on the hot plate for several hours. The sort of coffee I would drink continually during the day to keep whatever gears left in my head turning. Odours are powerfully connected to memories. And so it’s the smell of that bad coffee which has become entwined with the memory of my sudden realisation that we are facing utter ruin. It was the spring of 2011, and I had managed to corner a very senior member of the Intergovernmental Panel on Climate Change (IPCC) during a coffee break at a workshop. The IPCC was established in 1988 as a response to increasing concern that the observed changes in the Earth’s climate are being largely caused by humans.

The IPCC reviews the vast amounts of science being generated around climate change and produces assessment reports every four years. Given the impact the IPPC’s findings can have on policy and industry, great care is made to carefully present and communicate its scientific findings. So I wasn’t expecting much when I straight out asked him how much warming he thought we were going to achieve before we manage to make the required cuts to greenhouse gas emissions. “Oh, I think we’re heading towards 3°C at least,” he said. “Ah, yes, but heading towards,” I countered: “We won’t get to 3°C, will we?” (Because whatever you think of the 2°C threshold that separates “safe” from “dangerous” climate change, 3°C is well beyond what much of the world could bear.)

“Not so,” he replied. That wasn’t his hedge, but his best assessment of where, after all the political, economic, and social wrangling we will end up. “But what about the many millions of people directly threatened,” I went on. “Those living in low-lying nations, the farmers affected by abrupt changes in weather, kids exposed to new diseases?” He gave a sigh, paused for a few seconds, and a sad, resigned smile crept over his face. He then simply said: “They will die.”

Read more …

 

 

 

 

 

May 172019
 


Caravaggio The seven works of mercy (Sette opere di Misericordia) 1607

 

“Well, I don’t know what will happen now. We’ve got some difficult days ahead. But it really doesn’t matter with me now, because I’ve been to the mountaintop… And I’ve seen the Promised Land. I may not get there with you. But I want you to know tonight, that we, as a people, will get to the Promised Land.”

– Reverend Dr. Martin Luther King Jr, one day before he was murdered

 

What Martin Luther King King won through many hard-fought battles, and in the end through sacrificing his own life, has to be won all over again: freedom, truth, justice. And this time it’s Julian Assange who stands in the frontline. With Chelsea Manning and Edward Snowden by his side. But I know you’re not very likely to agree with that assessment.

For one thing, I picked the kind of headline that will probably make many people not read an essay. But I’m not kidding, and I’m not saying this for effect. Julian Assange is like Martin Luther King in many ways, and he deserves for people to recognize that.

Assange and Dr. King were born in different times, the former 3 years after the latter was murdered. But when anyone wants to talk King’s legacy, then Assange very much IS that legacy. It would be nice if people like Dr. King’s youngest daughter Bernice, who is very vocal on her father’s legacy, would acknowledge this. Her father certainly would have.

What Julian Assange and Martin Luther King have in common is a superior intelligence, combined with unwavering courage and an unrelenting drive for justice and truth. Both men were born so brave they realized that they might have to give their lives for their causes. And then brought that realization into practice. Both in their own way gave their lives for our sins.

Shared intelligence and courage, justice and truth. Unfortunately, another thing the two share is gross and vile sex smears. Which hurt both men much more than anything else thrown at them. Not a coincidence. Sex smears invariably and for good reason work strongest in women. And in Reverend King’s case, his religious following, who were 99% black people. Lose the women and you lose half of your potential support.

In Assange’s case, the smears, which have even been upgraded to ‘rape’, keeps people from standing up for him. Once you have that word attached to you, you will never fully get rid of it no matter what happens. J. Edgar Hoover’s FBI knew this in the 1960’s, and Robert Mueller and James Comey’s FBI certainly never forgot it half a century later.

 

And of course there are many many people saying that Assange is no Martin Luther King, that Dr. King was a much better man than Assange could ever be. I would urge them to study how Dr. King was perceived in the last 10 years of his life. The nation didn’t exactly revere him, far from it. Most didn’t like him at all, he was seen as a troublemaker, including by many black people, who thought he would make their lives even harder. And then there were Hoover’s sex smears.

After his murder, it took just a few years for the first campaign to establish a public holiday in his name to start. 15 years after the murder, in 1983, President Reagan signed it into law. Even if and when such a petition were started in the case of Assange’s death, which we should all hope will be many years away, the odds of it getting anywhere are slim. But the same would have been true in 1965. So there is hope.

Those willing to give their own lives in order to make other people’s lives better, richer, more just, are special people. Not flawless, for that would make them not people, but special. Yes, Jesus is an obvious example. And so is Mahatma Gandhi. And sure, I hear you say Assange is no Jesus and no Gandhi, but the pattern of peaceful resistance cannot be denied.

There are obviously plenty people who fight for what’s right. What makes Assange, Dr. King, Gandhi, Jesus stand out is that they are examples of people standing up to entire empires. They guy standing in front of the tanks in Tienanmen square in 1989 was another one. Dr. King, Gandhi, Jesus were murdered for what they did. The Chinese guy in all probability also was. That leaves us with Assange.

Does he need to die first before we can appreciate and recognize what he has achieved in our names, that he changed the world we live in for good, as in literally for good? Does it really have to end the same way? Julian Assange hasn’t even received his Nobel Peace Prize yet.

 

 

Here’s an article by Roy Peter Clark for the Poynter, November 25, 2014, about the FBI and sex smears.

How the Southern press foiled FBI’s attempt to smear MLK

Is it possible that we have to thank the white Southern press of the 1960s – even the segregationist press – for its restraint in resisting FBI attempts to smear the Rev. Martin Luther King, Jr., with sexual scandal? That question is raised, but not sufficiently developed, in a Nov. 11 New York Times piece written by Yale historian Beverly Gage. She discovered in the files of FBI chief J. Edgar Hoover an uncensored draft of what has been called the “suicide letter.” The letter was part of an elaborate effort to discredit King, who was about to receive the Nobel Peace Prize.


Based on wire taps and audio tapes, the one-page letter, supposedly sent by an outraged black citizen, described in the vivid language of the day examples of King’s marital infidelities and sexual adventures. The writer, actually an FBI agent, threatened to go public in 34 days with details of King’s affairs. “There is only one thing left for you to do,” it read near the end. “You know what it is.”

From the article, a conversation between Gene Patterson, editor of the Atlanta Constitution from 1960-1968, later editor of the St. Petersburg Times, and Howell Raines, political editor of the St. Petersburg Times, who in 1977 published an oral history of the civil rights movement entitled My Soul Is Rested. In that book Patterson describes to Raines how he was approached by the FBI to smear Dr. King:

“An FBI agent was sent to see me with the bugging information that Dr. King had been engaged in extramarital sexual affairs. The FBI agent, obviously under orders of the director, Hoover, because nobody acted without his direction, urged me – he said, ‘Gene,…here you on this paper have raised Dr. King up to be some kind of model American, some kind of saint, some kind of moralist.’ He said, ‘Now, here’s the information, and why don’t you print it?’ The FBI, the secret police of this country!


And I had to explain to him, ‘Look, we’re not a peephole journal. We don’t print this kind of stuff on any man. And we’re not going to do it on Dr. King.’ And I said, ‘Furthermore, I’m shocked that you would be spying on an American citizen, whether it’s Dr. King or some other person because if it can happen to him, it can happen to all of us.’ And I asked him if he thought this wasn’t a misuse of the FBI. But he was highly offended at me, seeing us as an immoral newspaper for not printing back-alley gossip that the secret police of the United States were trying to ruin this man with.”

Patterson told Raines that one of the editors contacted by the FBI was Lou Harris of the Augusta (Ga.) Chronicle, a paper that supported segregation on its editorial pages. Patterson recalls:


“So I had a phone call from Lou Harris one day, and he said, ‘Gene, I had a call from an FBI agent over here, and you’d be amazed at what he told me about Dr. King.’ And I said, ‘Lou, you mean sex exploits.’ …He said, ‘Have you heard about this?’ I said, ‘Yeah, the FBI has been to see me, too.’ And I said, ‘What are you gonna do with it?’ he said, ‘Hell, I wouldn’t print that stuff. That’s beyond the pale.’ And this was a segregationist editor talking to me. And I said, ‘Lou, I’m proud of you. I’m not gonna mess with it either.’”

And then perhaps the most revealing bit.

One night, Patterson found himself on a plane to Atlanta with John Doar, one of Bobby Kennedy’s top aides in the Justice Department. Hoover was a powerful man, but supposedly subject to the direction of the Attorney General. “I want you to tell the attorney general about this,” said Patterson. “He should know what the FBI is up to.”


“Because the more I thought about it,” Patterson said, “the more worried I’d become about the misuse of secret police powers.” Patterson remembered that throughout his narrative, Doar never looked at him, staring straight ahead in stony silence. “And all of a sudden,” said Patterson, “it hit me like a thunderclap that Bobby Kennedy knew about it. I had made Doar very uncomfortable by relating it to him. Not one expression crossed that deadpan face of his. He just did not respond. It was like talking to a dead man.”

A half century after these incidents, the American intelligence and security apparatus have snooping powers well beyond anything that could be imagined by Dr. King, Patterson, and their contemporaries. Imagine the corruption of a J. Edgar Hoover armed with the weapons of the digital age. His original bugging of King, whom he hated and criticized publicly, was not in search of sexual indiscretions. Hoover’s goals were measured by the paranoid politics of his time: that King had consorted with Communists.

 

 

No matter where it leads, no matter what abuses it will bring, I’m going to tell the truth

-Dr. King

 

 

 

 

 

 

May 172019
 
 May 17, 2019  Posted by at 9:47 am Finance Tagged with: , , , , , , , , , , , ,  


Carl Bloch The transfiguration c1865

 

Chelsea Manning Jailed Again For Refusing To Testify Against WikiLeaks (RT)
The Revelations of WikiLeaks: No. 3—The Most Extensive Classified Leak Ever
The Liberal Embrace of War (Matt Taibbi)
UK-US Row Over Iran Intel Unleashes Storm Of Behind The Scenes Infighting (ZH)
FBI-CIA Dispute Erupts Over Whether Comey Or Brennan Pushed Steele Dossier (ZH)
A World Aching For Peace & Stability Can No Longer Afford NATO (Wight)
Brexit Talks About To Fail As May’s Premiership Fades (R.)
How Much Was Pilot Error A Factor In The Boeing 737 MAX Crashes? (ST)
Boeing Faces a Possible Legal Nightmare With Airlines for 737 MAX (TPG)
US Must Break Up Facebook ‘Monopoly’ (FT Op-Ed)
Huawei’s Chip Maker Says It Has Long Been Preparing For US Ban Scenario (R.)
Greek Austerity Policy ‘Proven To Be Right,’ Says Merkel (K.)
Tower Of London Saved From Prophesy As First Ravens In 30 Years Hatch (Tel.)

 

 

“I would rather starve to death than to change my opinion in this regard.”

They have 60 days from Assange’s arrest to make her talk.

Chelsea Manning Jailed Again For Refusing To Testify Against WikiLeaks (RT)

A federal judge has ordered Chelsea Manning to be jailed again for refusing to testify in a grand jury probe of Julian Assange, threatening the whistleblower with fines if the defiance continues. Manning says she would rather die. “I would rather starve to death than to change my opinion in this regard. And when I say that, I mean that quite literally,” Manning said during a hearing at a federal courthouse in Virginia on Thursday. The US Army intelligence specialist has already spent seven years behind bars for handing over classified military and diplomatic files to WikiLeaks in 2010, and another 62 days in jail until last week for refusing to testify before another grand jury.

This time, Manning faces a fine of $500 a day if she continues to refuse cooperation after 30 days in jail. The fine will go up to $1,000 a day after two months. “I have never heard of jailing a witness for this long,” former FBI agent and whistleblower Colleen Rowley told RT. If the grand jury term goes on for 18 months, the fines could exceed half a million dollars, she added, calling it “draconian.” Rowley added that the jailing of Manning is either illegal retaliation by the Trump administration, “or the case against Julian Assange is just that weak that they absolutely need Chelsea Manning’s testimony in order to firm up these specious charges.”

[..] The new grand jury subpoena appears to be related to the US prosecution of WikiLeaks publisher Julian Assange, who was arrested last month and is currently awaiting his extradition hearing in the UK. Assange is officially accused of conspiring with Manning to hack into Pentagon computers, while acknowledging the hack never actually happened. “I’ve read the indictment and the affidavit that came with the indictment” against Assange, Manning said on Thursday, “and the case doesn’t make sense, it seems kind of bananas.” If there is already an indictment against Assange, what’s the purpose of another grand jury, Manning asked reporters.

Read more …

Where are they now? “WikiLeaks partnered with The New York Times, The Guardian, Der Spiegel, Al Jazeera and Le Monde ..”

The Revelations of WikiLeaks: No. 3—The Most Extensive Classified Leak Ever

For WikiLeaks, 2010 was an exceptionally eventful year. In April the transparency organization released “Collateral Murder,” the video of U.S. Army helicopters as they shot more than a dozen Iraqis in Baghdad. That proved a worldwide shock and put the 4-year-old publisher on the global media map. “Afghan War Diaries,” a cache of 75,000 documents, followed in July. Three months later, on Oct. 22, 2010, WikiLeaks released an even more explosive trove: 391,831 documents and videos it named “Iraq War Logs.” This superseded “Afghan War Diaries” as by far the most extensive leak of classified material in U.S. history. It shone a stark light on the U.S.–led coalition’s conduct in Iraq after its 2003 invasion, when the nation had erupted into a violent sectarian war.

Julian Assange, WikiLeaks founder, said the Logs “constituted the most comprehensive and detailed account of any war ever to have entered the public record.” The source for the “Iraq War Logs” was once again Chelsea Manning, who by then was in a military prison awaiting trial on charges connected to “Collateral Murder” that wound up including 22 counts of theft, assisting the publication of classified intelligence and aiding the enemy. With the publication of the “Iraq War Logs,” WikiLeaks disgorged an unprecedented profusion of documents, military reports and videos. The Logs cover the six-year period from Jan. 1, 2004, (a matter of months after the 2003 invasion) to Dec. 31, 2009.

WikiLeaks partnered with The New York Times, The Guardian, Der Spiegel, Al Jazeera and Le Monde to disseminate the Iraq Logs. Taken together, the Logs portray Iraq under allied occupation as the scene of lawless mayhem and violence. Codes of conduct were routinely ignored, shootings were often indiscriminate and torture of detainees was regularly treated as acceptable practice. Innocent civilians were under constant threat of U.S.-led coalition gunfire and arrest, interrogation, and mistreatment by allied military units and the Iraqi army and police.

Read more …

Americans who want peace have nobody left to talk to.

The Liberal Embrace of War (Matt Taibbi)

The United States has just suspended flights to Venezuela. Per the New York Times: “CARACAS — The United States banned all air transport with Venezuela on Wednesday over security concerns, further isolating the troubled South American nation…” A disinterested historian — Herodotus raised from the dead — would see this as just the latest volley in a siege tale. America has been trying for ages to topple the regime of President Nicholas Maduro, after trying for years to do the same to his predecessor, Hugo Chavez. The new play in the Trump era involves recognizing Juan Guaidó as president and starving and sanctioning the country. Maduro, encircled, has been resisting.

The American commercial news landscape, in schism on domestic issues, is in lockstep here. Every article is seen from one angle: Venezuelans under the heel of a dictator who caused the crisis, with the only hope a “humanitarian” intervention by the United States. There is no other perspective. Media watchdog FAIR just released results of a study of three months of American opinion pieces. Out of 76 editorials in the New York Times, Washington Post, the “big three Sunday morning talk shows” or PBS News Hour, zero came out against the removal of Maduro. They wrote: “Corporate news coverage of Venezuela can only be described as a full-scale marketing campaign for regime change.”

Allowable opinion on Venezuela ranges from support for military invasion to the extreme pacifist end of the spectrum, as expressed in a February op-ed by Dr. Francisco Rodriguez and Jeffrey Sachs called “An Urgent Call for Compromise in Venezuela”: “We strongly urge… a peaceful and negotiated transition of power rather than a winner-take-all game of chicken…” So we should either remove Maduro by force, or he should leave peaceably, via negotiation. These are the options. After the disaster of Vietnam eons ago, American thought leaders became convinced we “lost” in Indochina because of — get this — bad PR. The real lesson in Vietnam should have been that people would pay any price to overthrow a hated occupying force. American think-tankers and analysts however somehow became convinced (and amazingly still are) that the problem was Walter Cronkite and the networks giving up on the war effort.

[..] Earlier this month, onetime fierce Iraq war opponent Rachel Maddow went on TV to embrace John Bolton in a diatribe about how the poor National Security Adviser has been thwarted by Trump in efforts to topple Maduro. “Regardless of what you thought about John Bolton before this, his career, his track record,” Maddow said. “Just think about John Bolton as a human being.” The telecast was surreal. It was like watching Dick Cheney sing “Give Peace a Chance.”

Read more …

We already knew that. It’s called pattern recognition: “No – there’s been no increased threat from Iranian-backed forces in Iraq and Syria..”

UK-US Row Over Iran Intel Unleashes Storm Of Behind The Scenes Infighting (ZH)

A new report in Britain’s The Times says the UK’s Ministry of Defense (MoD) is standing by its senior officer in the US-led coalition in Iraq and Syria, who earlier this week publicly contracted the Pentagon and US administration by appearing to dismiss US intelligence claims over the heightened Iran threat. The awkward public exchange unfolded between the US military and its closest allied military coalition force during a Pentagon press conference on Tuesday wherein a top British commander in charge of anti-ISIS coalition forces rebuked White House claims on the heightened Iran threat.

“No – there’s been no increased threat from Iranian-backed forces in Iraq and Syria,” British Army Maj. Gen. Christopher Ghika, a deputy head of the US-led coalition, asserted confidently in a video link briefing from Baghdad to the Pentagon in response to a CNN question. Essentially this meant the powerful number two commander of “Operation Inherent Resolve” Combined Joint Task Force was questioning the entire basis on which the “imminent threats” and “high level of alert” shift in mission readiness decision was made. But now Britain’s Foreign and Commonwealth Office is said to be fuming over the handling of the situation. The public disagreement, quickly picked up in world headlines, and further weakening the White House’s stance on the “Iran threat”, has unleashed a storm of controversy among allies behind the scenes.

The Times report includes the following bombshell details: “Officials from the Foreign and Commonwealth Office are understood to be angry at the MoD’s handling of the situation. The row raises questions about the extent of intelligence that the US has shared with Britain about the alleged threat from Iran. Israeli media reported that the warnings were passed on by Mossad, the Israeli intelligence agency. The US State Department has ordered non-emergency employees to leave Iraq.”

Read more …

US intelligence agencies fighting over a fake document.

FBI-CIA Dispute Erupts Over Whether Comey Or Brennan Pushed Steele Dossier (ZH)

A dispute has erupted over whether former FBI Director James Comey or his CIA counterpart, John Brennan, promoted the unverified Steele dossier as the Obama-era intelligence community targeted the Trump campaign. According to Fox News, an email chain exists which indicates that Comey told bureau subordinates that Brennan insisted on the dossier’s inclusion in the intelligence community assessment (ICA) on Russian interference. Also interesting is that the dossier was referred to as “crown material” in the emails – a possible reference to the fact that Steele is a former British spy. In a statement to Fox, however, a former CIA official “put the blame squarely on Comey.”


“Former Director Brennan, along with former [Director of National Intelligence] James Clapper, are the ones who opposed James Comey’s recommendation that the Steele Dossier be included in the intelligence report,” said the official. “They opposed this because the dossier was in no way used to develop the ICA,” the official continued. “The intelligence analysts didn’t include it when they were doing their work because it wasn’t corroborated intelligence, therefore it wasn’t used and it wasn’t included. Brennan and Clapper prevented it from being added into the official assessment. James Comey then decided on his own to brief Trump about the document.”

Read more …

Start with ending Russophobia, and take it from there.

A World Aching For Peace & Stability Can No Longer Afford NATO (Wight)

NATO Secretary General Jens Stoltenberg calling for an end to the fighting in Libya is like an arsonist calling for the house he’s just burned to the ground to stop emitting smoke. For this reason it can only be an excess of black humor or wilful amnesia on the part of Mr Stoltenberg that explains his perverse call for this particular conflict to end in this particular country, eight years after it received a prolonged visit from a Western military alliance over which he currently presides. Along with recent NATO exercises in Estonia, involving 9,000 troops operating just 15km from Russia’s border, Jens Stoltenberg’s call for a peaceful resolution to the ongoing crisis in Libya suggests that the pride of place above the entrance to NATO headquarters in Brussels should be inscribed in bold letters with the Orwellian mantra of ‘War is peace. Freedom is slavery’.

Because ever since the demise of the Soviet Union, NATO has been engaged in a perennial quest for meaning and relevance, which means to say for opportunities to unleash its democracy missiles and drop its democracy bombs. It is a quest that has and continues to involve ideologues in the media, neocon think tanks, and governments going out of their way to convince people across Europe and the US that without NATO manning the ramparts of Western civilization, the barbarians located to the North, South, East and West of them will come and destroy everything they hold dear.

Stripped of obfuscation, what we have here is a tawdry and base exercise in scaremongering; its aim to inculcate the belief that Russia, Iran, China, North Korea, Venezuela (you can take your pick) is their enemy and a threat to their security. Thus it is that the extent to which people living in the West refuse to internalise the propaganda of their own ruling class and its functionaries is determined by their ability to see the world as it truly is, rather than continue to exist in the darkened room of Western exceptionalism.

Read more …

Tories see big losses in the polls. Boris to the rescue. But pushing through Brexit at this point is going to get real ugly.

Brexit Talks About To Fail As May’s Premiership Fades (R.)

Nearly three years after the United Kingdom unexpectedly voted in a referendum to leave the EU, it is still unclear how, when or if it will ever indeed quit the European club it joined in 1973. Brexit talks between May’s Conservatives and the opposition Labour Party are about to close without an agreement, the BBC said, hours after May agreed on Thursday to set out a timetable for her departure in early June. “If the talks are not going anywhere, from my point of view that leads to only one conclusion,” Hilary Benn, the chairman of parliament’s Brexit committee, told BBC radio. “There are only two ways out of the Brexit crisis that we’ve got: either parliament agrees a deal or we go back to the British people and ask them to make the choice.”


After the Brexit deal that May struck with Brussels was defeated a third time by parliament, she announced on April 2 that she would open talks with Labour. But the two parties have failed to agree on major issues such as the opposition party’s demand for a post-Brexit customs union. Labour leader Jeremy Corbyn, a veteran socialist who voted against membership of the EU in 1975, has said that May refused to budge on key demands. May’s hands have been tied, knowing that to make concessions to Labour would lead to fury in her divided party. Labour has feared that any compromises on issues such as workers’ rights would be torn up by May’s successor. The two party leaders will now move to a second phase, aimed at agreeing on a process for parliamentary votes designed to find a consensus, the BBC said.

Read more …

Boeing blames the pilots. Easy because they’re dead.

How Much Was Pilot Error A Factor In The Boeing 737 MAX Crashes? (ST)

In his opening statement Wednesday at the House Aviation subcommittee hearing on the 737 MAX in Washington, D.C., the lead Republican congressman blamed errors by the Indonesian and Ethiopian pilots for the two deadly MAX crashes in those countries. “Pilots trained in the United States would have successfully been able to handle” the emergencies on both jets, said Rep. Sam Graves of Missouri, ranking member of the House Transportation and Infrastructure Committee. He added that preliminary reports about the accident “compound my concerns about quality training standards in other countries.” Graves was repeating the main points in a report written by two pilots at a major U.S. airline that pointed to pilot error as “the most consequential factor” in both crashes.

Their report was commissioned and paid for by institutional investors with large holdings in Boeing stock. That case for pilot error as the major cause of the crashes seems close to a surrogate for what Boeing has only hinted at, and may be a key part of the manufacturer’s legal defense in liability lawsuits. Yet two flight-simulator sessions replicating the conditions on the doomed flights contradict Graves’ contention that better trained pilots would have escaped disaster. And some Western-trained pilots criticize the report as based on unverified assumptions and minimizing the intense stress Boeing’s runaway flight-control system imposed on the two flight crews.

“I’m disappointed with those who sit in their lofty chairs of judgment and say this wouldn’t have happened to U.S. pilots,” said a veteran captain with a major U.S. airline, who asked not to be named to avoid involving his employer. The flight crew on the March 10 Ethiopian flight faced a barrage of alerts in the flight that lasted just 6 minutes. Those alerts included a “stick shaker” that noisily vibrated the pilot’s yoke throughout the flight, warning the plane was in danger of a stall, which it wasn’t; repeated loud “DON’T SINK” warnings that the jet was too close to the ground; a “clacker” making a very loud clicking sound to signal the jet was going too fast; and multiple warning lights telling the crew the speed, altitude and other readings on their instruments were unreliable.

Read more …

Don’t forget: Boeing faces Ralph Nader. And his entire network.

Boeing Faces a Possible Legal Nightmare With Airlines for 737 MAX (TPG)

Boeing could be on the hook for enough to bankrupt a small country — but it the Chicago-based company were found not to bear any responsibility for the issues with the 737 MAX, then it could have to pay nothing, though whoever is found to be at fault would still be liable, of course. If Boeing were found liable, then the court would have to decide the appropriate award Boeing would have to pay out to the airlines — enough to compensate the plaintiff for the damage to its business from lost fares, sunk costs in the defective aircraft, etc.


If, in the least likely but most sensational possibility, Boeing officials are found to have actively covered up a problem with the aircraft in what amounts to a crime, then the plaintiffs would probably be awarded not just compensatory damages but punitive damages — typically three times the amount of the compensatory damages. None of this, however, addresses the likely wrongful-death lawsuits from the families of the passengers who perished in the 737 MAX crashes. In those cases, the airlines and Boeing will probably be sitting on the same side of the courtroom — as co-defendants. But Dedmon stressed that, as the 737 MAX crisis is still unfolding, it’s still hard to speculate where things will go, in the courtroom or outside it. “It’s the tip of the spear,” he said.

Read more …

But CIA wants it just the way it is.

US Must Break Up Facebook ‘Monopoly’ (FT Op-Ed)

Facebook’s chief executive Mark Zuckerberg recently called for the US government to be more proactive in regulating social media. His former dorm mate Chris Hughes went a step further last week. Mr Hughes wants to break up the social network he co-founded. The controversies surrounding Facebook point to a broader need for a new competition law. At a time when governments in Europe are already moving against Big Tech’s excesses, the US should take the chance to reform its own outdated rules. In his article, Mr Hughes excoriates Mr Zuckerberg for chasing profits over user security.

The Facebook co-founder is alarmed by Mr Zuckerberg’s ability to decide what millions of people read via the network. Mr Hughes goes on to criticise the US government for its relative inaction, emphasising that fining Facebook or instituting new privacy rules is insufficient. In calling for the company to be broken up, Mr Hughes rejects the school of competition law dominant in the US since the 1980s. This views pricing as the only metric for assessing competition. Such a narrow focus collapses when applied to Facebook and other Big Tech firms, which provide services for “free” in return for taking users’ data, rather than their cash.

Facebook epitomises the dangers of data oligopolies, with its plan to tie WhatsApp, Facebook and Instagram into a single encrypted messaging system. With control of three major platforms, it can use metadata such as contacts or external pages to provide useful data to advertisers and to train algorithms. New competitors without access to these data reservoirs will inevitably struggle to compete. In the past, Big Tech firms have simply acquired them and folded them into their business or copied their ideas at scale. The data rich get data richer, even though there is no apparent cost to consumers under current competition law.

Read more …

“HiSilicon has been secretly developing back-up products for years..”

Huawei’s Chip Maker Says It Has Long Been Preparing For US Ban Scenario (R.)

Huawei Technologies’ chip arm HiSilicon said on Friday it has long been prepared for the “extreme scenario” that it could be banned from purchasing U.S. chips and technology, and is able to ensure steady supply of most products. HiSilicon, which mainly designs chips for Huawei equipment, made the comments in a letter to staff attributed to President He Tingbo dated “the small hours of May 17”, shortly after the United States officially banned Huawei from buying U.S. technology without special approval. The ban has thrown into disarray prospects for sales at some of the largest tech companies and drew a sharp rebuke from Beijing, further ratcheting up tensions over trade.


Huawei confirmed authenticity of the letter seen by Reuters and published by Chinese media on Friday. HiSilicon has been secretly developing back-up products for years in anticipation of the unlikely scenario that Huawei may one day be unable to obtain advanced chips and technology from the United States, He said in the letter. HiSilicon’s efforts have ensured a steady supply and “strategic safety” of most products, He said, adding that Huawei will aim to be technologically self-sufficient. He described HiSilicon’s efforts as a “long march in the history of technology” that would now pay off with the United State’s “crazy decision” that brought this “extreme and dark moment”.

Read more …

The currency union is more important than the people. Some mutti. Some union.

Greek Austerity Policy ‘Proven To Be Right,’ Says Merkel (K.)

German Chancellor Angela Merkel has defended austerity policy in Greece and other debt-hit countries in the eurozone, however acknowledging that the people had to shoulder a “considerable” burden. “What counts is that the currency union and the euro were maintained,” Merkel said in an interview with Germany’s Suddeutsche Zeitung. Merkel, who is in her fourth and final term in office, said that reforms in Greece, Ireland, Portugal and Spain “have proven to be right, even if I don’t dispute that the burden for the population was considerable.” Speaking about Europe’s refugee crisis, Merkel said that the problem requires greater burden-sharing among EU members as well as efforts to tackle the roots of the problem.

Read more …

Pheww…. Saved by the bell.

Tower Of London Saved From Prophesy As First Ravens In 30 Years Hatch (Tel.)

The Tower of London will be protected from a prophesied demise for years to come, after the first ravens in 30 years were born inside its walls. At least six ravens have been kept at the fortress since the days of King Charles II, who feared the Tower and the kingdom would fall if they were ever allowed to leave. Ruination loomed large last year as the number of legal raven breeders continued to shrink across the UK, making it harder for the ancient quota to be honoured. A new aviary was eventually installed inside the London landmark, into which two breeding ravens – Huginn and Muninn – were brought at the end of last year.


Few expected the couple to be settled in time for the 2019 mating season, but, not without some sense of occasion, new life began emerging on April 23 – St George’s Day. All four chicks have now hatched, the first to do so at the Tower since 1989. They join seven other ravens in addition to the breeding couple and shore up the Tower’s safety for the foreseeable future. Chris Skaife, ravenmaster at the Tower of London, said: “My suspicions were first piqued that we might have a chance of baby chicks when the parents built a huge nest suddenly overnight and then almost immediately the female bird started to sit on it, then on the April 23 I noticed the birds going to the nest with food.”

Read more …

 

 

 

 

 

May 132019
 


James Ensor Demons tormenting me 1888

 

Sweden Reopens Rape Case Against Julian Assange (G.)
Ecuador To Give US All Documents & Devices Assange Left In London Embassy (RT)
Chelsea Manning Again Won’t Testify On WikiLeaks, Risking Return To Jail (AFP)
State Department Under Pressure Over Christopher Steele Contacts (DC)
Russiagate Is Eating America’s National Security (Stephen Cohen)
Schiff: Biden Ukraine Scandal Should Be Off Limits (ZH)
China ‘Won’t Swallow Bitter Fruit’ In US Trade War (R.)
Uber, the Worst Performing IPO in US Stock Market History (GizM)
Pakistan Agrees Another Multi-Billion IMF Bailout (R.)
Saudi Ship Blocked From Loading Arms In France Arrives At Spanish Port (R.)
Starving Gray Whales Wash Up Dead In Large Numbers From Mexico To Alaska (SFC)
Why Rapid Extinction Of Plant, Animal Species Matters (TO)

 

 

There never was a rape case vs Assange. So it cannot be reopened. There were never any charges at all. They refused to talk to Assange for 6 years. The British told them not to close the acse. It is obvious what the intention is: get him to Sweden which will extradite him to the US. Who cares about laws?

Read Assange’s November 2016 statement to Swedish prosecutors , six months before Sweden closed the “preliminary investigation”, in May 2017.

Sweden Reopens Rape Case Against Julian Assange (G.)

Swedish prosecutors have announced they are reopening an investigation into a rape allegation against Julian Assange. Prosecutors dropped the investigation in 2017 because they were unable to proceed while Assange remained in the Ecuadorian embassy in London. They said at the time that the investigation could be reopened if the situation changed. Assange, 47, was removed from the embassy last month after seven years inside, after the Ecuadorian government abruptly withdrew his asylum. He was arrested for breach of bail. A lawyer for one of the women involved in the Swedish allegations subsequently asked for the investigation to be resumed. Assange had also faced investigation for a second sex-related allegation, which was dropped in 2015 because time had run out. He denied both allegations.

Read more …

Nobody cares about any law anymore. That is our new world order.

Ecuador To Give US All Documents & Devices Assange Left In London Embassy (RT)

Ecuador’s Attorney General has informed a Julian Assange lawyer that the WikiLeaks co-founder’s files, computer, mobile phones and other electronic devices will be seized during a search at the London embassy and sent to the US. After an unsuccessful attempt by WikiLeaks editor-in-chief Kristinn Hrafnsson to retrieve Assange’s personal belongings from Ecuador’s UK embassy, where Assange had been holed up for almost 7 years before his arrest and incarceration last month, the Ecuadorian government reportedly greenlighted the US request to provide it access to the documents and electronic devices left behind by the jailed WikiLeaks editor after he was hauled out of the embassy by the British police on April, 11.

The searches inside the embassy quarters formerly occupied by Assange are set to be conducted by police on May 20, El Pais reported, citing a notice sent to Assange’s Ecuadorian lawyer Carlos Poveda. Assange’s personal files, his computer, mobile phones, memory sticks, CDs and any other electronic devices uncovered during the searches will then be seized and sent to the US as a part of Ecuador’s response to the Department of Justice’s judicial request. The US is currently building a case to extradite on hacking charges. The files contain troves of sensitive information, include Assange’s communication with his lawyers and other legal documents – which, the lawyers argue, deprive him of the right to proper defense.


Having this data will potentially allow the US to “build and create new charges” to extradite Assange in violation of Ecuador’s own asylum policies. The news of the looming handover came as a bolt out of the blue for Assange’s defense team, Poveda told RT Spanish, adding that it’s impossible to be sure his things in the embassy haven’t been tampered with already. “Since Mr. Assange left the embassy, we cannot know for sure what has been happening inside these rooms.” The lawyers have requested CCTV records for the period since Assange’s arrest, Poveda said.

Read more …

Brian Stelter appears halfway normal. Chelsea appears very brave and very bright.

Chelsea Manning Again Won’t Testify On WikiLeaks, Risking Return To Jail (AFP)

Former military intelligence analyst Chelsea Manning said Sunday she again plans to refuse to testify before a grand jury about her leak of classified documents to WikiLeaks – even if it means returning to jail. Manning, who served seven years in prison over her transfer of secret diplomatic and military documents, recently spent another two months in lock-up for contempt of court after refusing to answer the grand jury’s questions. Federal prosecutors have for years been investigating WikiLeaks founder Julian Assange and they apparently want Manning to testify about her dealings with him.


Her release last week came on a technicality – that grand jury’s term was expiring. But a new grand jury has been convened and called on her to appear this week. “They’ve already stipulated they want to ask the same questions,” Manning told CNN. “I am going to refuse,” she added. “I have nothing new to provide.” Manning admitted that while she and her legal team do not know if she will be jailed again, she believes she has a “much stronger case in terms of the legal objections.” “We’re certainly going to raise every single legal challenge that we have,” said Manning…

Read more …

And who TF pops up in this? Victoria Nuland. Always there where the stench is worst.

State Department Under Pressure Over Christopher Steele Contacts (DC)

The State Department has largely avoided scrutiny from GOP-led investigations of the Steele dossier, but that changed this week with the release of notes that a State Department official took during an October 2016 meeting with dossier author Christopher Steele. In letters this week to Sec. of State Mike Pompeo, GOP Sens. Chuck Grassley of Iowa, Ron Johnson of Wisconsin and Lindsey Graham of South Carolina pressed Pompeo for details about the Oct. 11, 2016 meeting, which was held at Foggy Bottom between Steele and Kathleen Kavalec, the deputy assistant secretary of state for European and Eurasian affairs. Steele, a former British spy, was investigating President Donald Trump and his campaign on behalf of the Clinton campaign and DNC.

Kavalec’s notes from the meeting, which were released this week, show that Steele told her about contacts he had with the media, including The New York Times and Washington Post. They also showed that Steele said that his client for his anti-Trump research campaign (which he did not identify at the time) was “keen” to see information on Trump released prior to the Nov. 8, 2016 election. Steele also made dubious or inaccurate claims to Kavalec, including that Russia had planted a mole within the DNC and that the Russian government had a consulate in Miami. The trio of Republicans say that the notes contradict some of the claims that the FBI made in applications for surveillance warrants against Carter Page, the former Trump campaign adviser.

The FBI relied heavily on Steele’s unverified dossier to obtain the spy warrants. In a letter sent to Pompeo on Thursday, Grassley and Johnson, who chair the Senate Banking and Senate Homeland Security Committees, respectively, asserted that any contacts that Steele had with the media would contradict what the FBI claimed the Carter Page warrants. “If true, that would contradict the Carter Page FISA application where the FBI repeatedly represented to the court that Steele did not have unauthorized contacts with the press prior to October 2016,” they wrote. “Based on the publicly-released version of the typed notes of the meeting, it appears Steele’s intent of the meeting with the State Department was to maximize the impact of the unverified information that he had acquired in an effort to undermine the Trump campaign,” they added.

[..] In a letter sent Friday to Pompeo, Graham, the chairman of the Senate Judiciary Committee, sought communications between Steele and State Department employees, as well as between State employees and the Justice Department regarding Steele. He is also asking Pompeo to make Kavalec available for a transcribed interview. Victoria Nuland, who served as Kavalec’s boss at the bureau of European and Eurasian affairs, was the government official who approved an FBI agent in Rome meeting Steele in early July 2016.

Read more …

It’s been doing that for 3 years now.

Russiagate Is Eating America’s National Security (Stephen Cohen)

Now in its third year, Russiagate is the worst, most corrosive, and most fraudulent political scandal in modern American history. It rests on two related core allegations: that Russian President Vladimir Putin ordered an “attack on American democracy” during the 2016 presidential campaign in order to put Donald Trump in the White House, and that Trump and his associates willfully colluded, or conspired, in this Kremlin “attack.” As I have argued from the outset—see my regular commentaries posted at TheNation.com and my recent book War With Russia?—and as recently confirmed, explicitly and tacitly, by special prosecutor Robert Mueller’s report, there is no factual evidence for either allegation.

Nonetheless, these Russiagate allegations, not “Putin’s Russia,” continue to inflict grave damage on fundamental institutions of American democracy. They impugn the integrity of the presidency and now the office of the attorney general. They degrade the many Democratic members of Congress who persist in clinging to the allegations and thus the Democratic Party and Congress. And they have enticed mainstream media into one of the worst episodes of journalistic malpractice in modern times. But equally alarming, Russiagate continues to endanger American national security by depriving a US president, for the first time in the nuclear age, of the diplomatic flexibility to deal with a Kremlin leader in times of crisis.

We were given a vivid example in July 2018, when Trump held a summit with the current Kremlin occupant, as every president had done since Dwight Eisenhower. For that conventional, even necessary, act of diplomacy, Trump was widely accused of treasonous behavior, a charge that persists. Now we have another alarming example of this reckless disregard for US national security on the part of Russiagate zealots. On May 3, Trump called Putin. They discussed various issues, including the Mueller report. (As before, Putin had to know if Trump was free to implement any acts of security cooperation they might agree on. Indeed, the Russian policy elite openly debates this question, many of its members having decided that Trump cannot cooperate with Russia no matter his intentions.)

A major subject of the conversation was unavoidably the growing conflict over Venezuela, where Washington and Moscow have long-standing economic and political interests. Trump administration spokespeople have warned Moscow against interfering in America’s neighborhood, ignoring, of course, Washington’s deep involvement for years in the former Soviet republics of Ukraine and Georgia. Kremlin representatives, on the other hand, have warned Washington against violating Venezuela’s sovereignty. Increasingly, there is talk, at least in Moscow policy circles, of a Cuban Missile–like crisis, the closest the United States and Russia (then Soviet Russia) ever came to nuclear war.

Read more …

In the same way Russiagate and the Steele dossier should have been off limits? Or is that different somehow?

Schiff: Biden Ukraine Scandal Should Be Off Limits (ZH)

House Intelligence Committee Chairman Adam Schiff (D-CA) said on Sunday that Joe Biden’s Ukraine corruption scandal should be off limits as the 2020 US election approaches, and that President Trump shouldn’t be allowed to investigate – or encourage Ukraine to investigate. Biden has come under fire for a March, 2016 incident in Kiev in which he threatened to withhold $1 billion in US loan guarantees to Ukraine unless President Petro Poroshenko fired his head prosecutor, General Viktor Shokin, who was leading a wide-ranging corruption investigation into natural gas firm Burisma Holdings. As it so happens, Joe’s son Hunter Biden sat on Burisma’s board, and waas indirectly paid as much as $50,000 per month.

‘I said, ‘You’re not getting the billion.’ I’m going to be leaving here in, I think it was about six hours. I looked at them and said: ‘I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money,’” bragged Biden, recalling the conversation with Poroshenko. “Well, son of a bitch, he got fired,” Biden gloated. Biden claims he didn’t know Hunter was on the Burisma board for an entire two years (Hunter reportedly joined in April 2014, two years before Biden’s threat), and that the effort to remove Shokin had nothing to do with [this]. “Shokin was fired because he attacked the reformers within the prosecutor general’s office,” And this should be completely off limits to Trump, according to Adam Schiff

Schiff told ‘This Week’ that Congress should take up legislation banning political campaigns from working with foreign governments in an effort to influence US elections, responding to news that Trump’s attorney, Rudy Giuliani, had planned to travel to Ukraine to encourage them to further investigate the Biden matter. Giuliani has since canceled the trip. In March, The Hill’s John Solomon revealed that Ukraine’s Prosecutor General Yuriy Lutsenko has launched an investigation into the head of the Ukrainian National Anti-Corruption Bureau for allegedly attempting to help Hillary Clinton defeat Donald Trump during the 2016 US election by releasing damaging information about a “black ledger” of illegal business dealings by former Trump campaign chairman Paul Manafort.

[..] To recap; Biden didn’t know his son Hunter was on the board of a Ukrainian natural gas firm for a full two years, before threatening to withhold $1 billion in US loan guarantees if the President of Ukraine didn’t fire the guy investigating the Biden-linked Burisma, and Adam Schiff thinks that should be off limits to investigate, or for voters to consider, going into the 2020 election.

Read more …

What is this, a poetry contest?

China ‘Won’t Swallow Bitter Fruit’ In US Trade War (R.)

China will never surrender to external pressure, the government said on Monday, though stopped short of announcing how Beijing will hit back after Washington renewed its threat to impose tariffs on all Chinese imports in an escalating trade dispute. The trade war between the world’s top two economies jumped up a gear on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after President Donald Trump said Beijing “broke the deal” by reneging on earlier commitments made during months of negotiations. Trump also ordered U.S. Trade Representative Robert Lighthizer to begin imposing tariffs on all remaining imports from China, a move that would affect about an additional $300 billion worth of goods.


Beijing has vowed to respond to the latest U.S. tariffs, but has announced no details yet. “As for the details, please continue to pay attention. Copying a U.S. expression – wait and see,” foreign ministry spokesman Geng Shuang told a daily news briefing. “We have said many times that adding tariffs won’t resolve any problem. China will never surrender to external pressure. We have the confidence and the ability to protect our lawful and legitimate rights,” Geng added, responding to a question on Trump’s threat of putting duties on all Chinese imports. [..] “At no time will China forfeit the country’s respect, and no one should expect China to swallow bitter fruit that harms its core interests,” China’s top newspaper, the ruling Communist Party’s official People’s Daily, said in a commentary.

Read more …

If it quacks like a scam….

Uber, the Worst Performing IPO in US Stock Market History (GizM)

Rideshare unicorn Uber doesn’t do anything small. When it was in the game of raising money, it raised close to $25 billion. When it loses that money—and it does every single quarter—it loses it at astronomical burn rates. It finally debuted on the New York Stock Exchange today, in the middle of international trade uncertainty and following a massive, international strike by its own drivers, how’d it do? According to University of Florida professor Jay Ritter, Uber’s 7.62 percent decline since hitting the NYSE makes it “bigger than first day dollar losses of any prior IPO in the U.S.” In terms of percentage losses, Uber’s dip doesn’t even scratch the surface of the worst IPOs.


But the staggering valuation of the company makes it, in raw scale, “among the top 10 IPOs ever” including companies outside the U.S., Ritter told Gizmodo in a phone interview. That single digit decline resulted in an estimated $617 million paper losses. Consider also that Uber’s debut valuation of $76.5 billion was a considerable drop from the between $90 billion and $120 billion the company had been worth in some analysts estimation just a month earlier—one meant to stanch the forthcoming bleeding that had begun with competitor Lyft’s bellyflop IPO. This defensive position did little to keep Uber or its investors from taking on water within a single day of trading.

Read more …

And at the same time names an IMF guy its central bank governor. Lock stock and barrel.

Pakistan Agrees Another Multi-Billion IMF Bailout (R.)

Pakistan has reached an accord with the International Monetary Fund for a three-year, $6 billion bailout package aimed at shoring up fragile public finances and strengthening a slowing economy, officials said on Sunday. The deal, which still needs approval by the IMF board in Washington, would be the 13th such bailout since the late 1980s Finance Minister Abdul Hafeez Shaikh told PTV television he hoped it would be Pakistan’s last. Prime Minister Imran Khan’s government came to power last year determined to avoid another bailout and initially sought billions of dollars in funding from friendly countries including China, Saudi Arabia and the United Arab Emirates.


But with inflation climbing to over 8 percent, the rupee losing a third of its value over the past year, and foreign exchange reserves barely enough to cover two months of exports, it was forced to turn to the IMF. “Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position,” the IMF said in a statement outlining the framework deal. The IMF forecasts Pakistan’s economic growth slowing to 2.9% this fiscal year from 5.2% in 2018, while the central bank has cut its estimate to between 3.5-4%. As the bailout talks neared culmination, Khan shook up his top economic team, replacing Asad Umar with Hafeez Shaikh as finance minister and making IMF economist Reza Baqir central bank governor instead of Tariq Bajwa.

Read more …

“Macron defended the arms shipment to Saudi Arabia on Thursday, saying Riyadh had assured him the weapons would not be used against civilians.”

Saudi Ship Blocked From Loading Arms In France Arrives At Spanish Port (R.)

A Saudi ship, prevented by rights groups from loading an arms cargo at the French port of Le Havre on Friday, arrived at the Spanish port of Santander early on Monday. It was not clear what the Saudi ship was doing in Santander or how long it would stay docked there. Spain’s interior ministry said they had no information regarding the ship. The defense and foreign ministries were not immediately available for comment. French rights group ACAT argued in a legal challenge on Thursday that the arms consignment contravened a U.N. treaty because the weapons might be used against civilians in Yemen, though the case was thrown out by a French judge.


A classified report written by France’s DRM military intelligence agency and published by investigative website Disclose in April showed French arms were being used against civilians in the civil war in Yemen. The Saudi vessel Bahri-Yanbu set course for Santander shortly after the ruling but without the weapons it was charged with collecting. In Yemen, with fighting between the Saudi-led coalition and Houthi rebels backed by Iran, tens of thousands of people have been killed and fighting has spawned what the UN calls the world’s most dire humanitarian crisis. France’s President Emmanuel Macron defended the arms shipment to Saudi Arabia on Thursday, saying Riyadh had assured him the weapons would not be used against civilians.

Read more …

The system is disintegrating

Starving Gray Whales Wash Up Dead In Large Numbers From Mexico To Alaska (SFC)

Exhausted, emaciated gray whales are going belly up along the coast of San Francisco this year at a rate seen only once — during a two-year period 20 years ago — since whaling was banned and the leviathans were pulled from the brink of extinction. The death toll, part of a disturbing mass die-off from Mexico to Alaska, is happening largely because there is too little food in the ecosystem to sustain the behemoths on one of the world’s longest migrations, experts say. The hulking carcasses of nine gray whales, several of them starving, have been found since March in San Francisco Bay and along the coast from Pacifica to Point Reyes. That’s an unusually large number for the region.


“It’s definitely not normal,” said Mary Jane Schramm, spokeswoman for the Greater Farallones National Marine Sanctuary, which has for decades been monitoring the spectacular whale migrations along the San Mateo, San Francisco, Marin and Sonoma county coasts. The desperately hungry grays are taking dangerous detours into San Francisco Bay to look for food, a treat for whale watchers who have been seeing the gargantuan beasts in the estuary since February — but not such a good sign for those who care about their survival. “They are attempting to forage in the bay’s ‘dire straits’ with their ship-strike risk, unknown toxins in the bay mud, and other threats,” Schramm said. “Some cannot make it any farther and are simply giving up the ghost.”

The strandings are happening along the entire coast of California, where 31 dead gray whales have been found this year, according to the National Marine Fisheries Service. In all, 48 gray whales have been found dead along the coasts of California, Washington, Oregon and Alaska, fisheries service officials said. That’s not as bad as 1999, when 91 dead grays were recovered, or 2000, when 131 were found dead. But that die-off came in the wake of an unusually strong El Niño weather pattern that spread warm water along the entire West Coast and disrupted the food web. There is a mild El Niño this year, and water temperatures are higher than normal, but marine biologists say the balmy conditions locally do not fully explain the increased death toll, which also rose the previous two years.

Read more …

View from Singapore. If the only way people can look at extinction is from a point of view of how man could have profited, forget about it. Nature has its own value, independent of us, independent of monetary value.

Why Rapid Extinction Of Plant, Animal Species Matters (TO)

Human activities are putting a million species worldwide at risk of extinction, threatening ecosystems that people around the world depend on for survival, a United Nations (UN) assessment has found. [..] Global plant and animal species’ extinction is now “10 to hundreds of times” higher compared to that over the last 10 million years. Many of these extinctions will happen within decades, and that rate is set to climb, the report said. At least 680 vertebrate species have already been driven to extinction by human action in the last 500 years. The loss of habitats, overconsumption and pollution will result in countless more facing a similar fate. The extensive report illuminates the interconnectedness of nature with the economy, food security and health, said Nature Society Singapore’s president Shawn Lum.

[..] academic reports have revealed that Somali piracy has largely been driven by a lack of economic opportunities for local fishermen due to illegal fishing by foreign vessels depleting the fish population. Many organisms like fungi, maggots and houseflies also play an important role in the ecosystem to break down waste and dead creatures so that nutrients return to the system. While “hardly the face of conservation”, these species are crucial to every ecosystem. The loss of these species would have vast implications on plants and animals higher up the food chain, a group of environmental studies undergraduates at the National University of Singapore (NUS) explained. The UN report pointed out that 70 per cent of the world’s cancer drugs are natural and synthetic products inspired by nature.


An argument for conservation is that the loss of biodiversity could also result in undiscovered species which could potentially have served an important role in medicine. Member of Parliament for Nee Soon Group Representation Constituency Louis Ng noted that the extinction of species on such a wide scale has severe implications on human beings. However, he believes that people should also consider the “intrinsic value” that these species play, and to conserve them simply to retain their existence. Said Mr Ng, who is also founder and chief executive of the Animal Concerns Research and Education Society: “Human beings need animals for our survival, but the animals don’t need us.”


Hawksbill turtles, a critically endangered species, in the Indian Ocean coral reef, Maldives. Andrey Armyagov/Shutterstock.com

Read more …

 

 

 

 

May 112019
 


Pierre-Auguste Renoir Riding in the Bois de Boulogne (Madame Henriette Darras or The Ride) 1873

 

Labour Without Energy Is A Corpse; Capital Without Energy Is A Sculpture (Keen)
Traditional Economics Has Absolutely Screwed Us (Tyee)
House Dems To Bundle Numerous Contempt Citations For Trump Advisers (R.)
House Democrat Subpoenas Six Years Of Trump Tax Returns (AP)
FISA Applications Were Illegally Obtained – DiGenova (PJ)
William Barr vs. Eric Holder: A Tale of Two Attorneys General (McConnell)
Fugees Founder, Banker Charged In 1MDB, Obama Campaign Scandal (RT)
Crisis? What Crisis? (Jim Kunstler)
Manning Could Delay US Superseding Indictment Against Assange (Sp.)
Dutch Court Blocks Extradition Of Man To ‘Inhumane’ UK Prisons (G.)
Varoufakis On Eurozone: ‘We Created A Monster’ (Exp.)
70 Migrants Dead After Boat Capsizes Trying To Reach Europe From Libya (G.)
Nearly All Countries Agree To Stem Flow Of Plastic Waste Into Poor Nations (G.)

 

 

First saw this a few days ago, and it slipped from my radar. Now, Steve Keen announced that he got a grant for his work with Tim Garrett and Matheus Grasselli on “developing models of production in which energy plays [a role] in production (and, necessarily, in climate degradation)”. Yes, you read that right: in 2019, economists need to begin the study the role of energy in an economic system, because it’s always been ignored. What a crazy field that is.

Labour Without Energy Is A Corpse; Capital Without Energy Is A Sculpture (Keen)

With the simple insight that “labour without energy is a corpse, and capital without energy is a sculpture”, I realised why economists have failed to properly incorporate the role of energy in production for so long. All previous attempts had treated energy as a third “factor of production”, on an equal footing with Labour and Capital. But that treatment is simply unrealistic. Adding energy on its own to a production process is like letting off a bomb in a factory: it will produce mayhem, not output. Equally, both Labour and Capital are “sterile”, to use the old Physiocratic term: without energy, they can’t produce anything.


Figure 1: The incorrect way to show energy as a factor of production

The correct way to incorporate energy into economic models of production, therefore, is to see energy as an input to both Labour and Capital (in vastly different forms, of course), which enable them to perform useful work. By the Second Law of Thermodynamics, this useful work necessarily results in disorder (waste energy, mainly in the form of waste matter, including CO2). Also by the Second Law, entropy increases globally, even though it can be reduced locally by the application of energy; so the increase in disorder in the waste from production necessarily exceeds the reduction in disorder manifest in output itself (raw materials turned into finished products).


Figure 2: The correct way: Energy as an input to labour and capital, output as necessarily generating waste

This useful work is what we call GDP, though we currently erroneously measure this as the inflation-adjusted sum of all monetary output—which means we add the cost of traffic accidents to GDP. Instead, the true measure of GDP is the sum of all the useful things we produce and consume: in transportation, that is moving a mass from one location to another in a given time, and traffic accidents (and congestion) subtract from it.

Read more …

Palm oil or orangutans? For economists, an easy choice.

Traditional Economics Has Absolutely Screwed Us (Tyee)

Capitalism is killing the planet. That is the gist of an exhaustive United Nations report on the bleak state of the world’s biodiversity. One million species face extinction in what has been aptly called a global murder-suicide, driven by a race to commodify ecosystems and externalize the costs of their destruction. If you were looking for a perky read to start your week, this report was not it. However, the collective efforts of 350 leading experts from 51 countries have resulted in the definitive wake-up call for those still doubting the dire consequences of business-as-usual on our one and only planet. A Noah’s ark of iconic species seems bound for oblivion due to our growing collective consumption and population.

Will your children be able to enjoy a world with wild elephants, orcas, or blue whales? Sixty per cent of primate species are threatened with extinction. The taste of a tuna sandwich may soon be consigned to lore. All of this has been happening in plain view but only recently has this become economically relevant by cutting into the bottom line. Up to $577 billion in global crop production is at risk due to collapsing populations of pollinating insects. One-third of commercial fish stocks are in steep decline with another 60 per cent being fully exploited, leaving only seven per cent of the world’s fisheries under safe management. This is exacerbated by regulatory failure where landings may be 50 per cent higher than reported, and illegal fishing accounts for up to one-third of the global catch.

Expanding agriculture is one of the main drivers of exploding extinction rates. Between 1980 and 2000, about 100 million hectares of tropical forests — roughly the area of France and Germany combined — were converted for grazing, monoculture plantations like palm oil, or short-term subsistence farming. Desperate humans and multinational companies both encroach on remaining rainforests, seeing only as far as the next growing season or financial quarter. Why does economics prioritize palm oil over orangutans? Because palm plantations are profitable, producing almost five times the oil yield per hectare of sunflowers, coconut or soybeans. Consumers too unintentionally contribute to this destruction, driving a market for a ubiquitous ingredient found in everything from lipstick to ice cream.

Read more …

McGahn, Barr, Mueller, Mnuchin, are these all the same?

House Dems To Bundle Numerous Contempt Citations For Trump Advisers (R.)

U.S. House Judiciary Committee Chairman Jerrold Nadler said lawmakers may bundle numerous contempt citations from different committees into a single resolution that the full House of Representatives could then vote on. “There obviously are going to have to be, perhaps from our committee and certainly from other committees, other contempt citations to enforce subpoenas,” Nadler told reporters. Asked about bundling citations together, the New York Democrat replied: “It’s a great idea. In fact, I suggested it … It just makes sense, to spend as little floor time as possible, to group them together.”


A consolidated contempt vote is among options Democrats are considering in response to Trump’s stonewalling of congressional investigations into his presidency and business investments. Another option is reviving Congress’s “inherent” contempt authority. Some Democrats say that would allow lawmakers to fine uncooperative officials up to $25,000 per day. Some Democrats are also calling for impeachment proceedings against recalcitrant Trump Cabinet members. Nadler said Congress faces “the unprecedented situation in which the administration is essentially stonewalling all subpoenas – we’ve never had this before in American history, so far as I know.”

Read more …

They lost two years on the Russia collusion story. Doesn’t look so smart now, does it?

House Democrat Subpoenas Six Years Of Trump Tax Returns (AP)

A top House Democrat on Friday issued subpoenas for six years of Donald Trump’s tax returns, giving the treasury secretary, Steven Mnuchin, and the IRS commissioner, Charles Rettig, a deadline of next Friday to deliver them. Richard Neal, the chairman of the House ways and means committee, issued the subpoenas days after Mnuchin refused to comply with demands to turn over Trump’s returns. Mnuchin told the panel he wouldn’t provide Trump’s tax records because the panel’s request “lacks a legitimate legislative purpose”, as supreme court precedent requires.

Neal reminded the two Trump appointees in a Friday letter that federal law states that the IRS “shall furnish” the tax returns of any individual upon the request of the chairmen of Congress’s tax-writing committees, and that ways and means “has never been denied” a request. The White House and the Democratic-controlled House are waging a multi-front battle over investigations into Trump, with the administration refusing to comply with subpoenas for the unredacted Mueller report and documents related to testimony by the former White House counsel Donald McGahn. If Mnuchin and Rettig refuse to comply with the subpoenas, Neal is likely to file a lawsuit in federal court.

He indicated earlier this week that he was leaning toward filing a court case immediately but changed course after meeting with lawyers for the House. Neal originally demanded access to Trump’s tax returns in early April. He maintains that the committee is looking into the effectiveness of mandatory IRS audits of tax returns of all sitting presidents, a way to justify his claim that the panel has a potential legislative purpose. Democrats are confident in their legal justification and say Trump is stalling in an attempt to punt the issue past the 2020 election. In rejecting Neal’s request earlier this week, Mnuchin said he relied on the advice of the justice department. He concluded that the treasury department was “not authorized to disclose the requested returns and return information”. Mnuchin has also said that Neal’s request would potentially weaponize private tax returns for political purposes.

Read more …

I don’t think John Solomon is done yet.

As for the Papadopoulos $10,000 story, how is that an “explosive revelation”? Have known that for a long time.

FISA Applications Were Illegally Obtained – DiGenova (PJ)

Washington attorney Joe diGenova claimed in an interview last night that the Department of Justice inspector general has determined that “the final three FISA extensions were illegally obtained,” and the first one is still being investigated. For the past year, DOJ IG Michael Horowitz has been investigating the FBI’s 2016 surveillance activities and his report is expected later this month or in early June. Washington power couple Joe diGenova and Victoria Toensing appeared on Lou Dobbs’ Fox Business Network show Thursday night to talk about the latest turns in the “SpyGate” saga. “The only question now is whether or not the first FISA was illegally obtained,” diGenova said.

He told Dobbs that the latest revelations in investigative reporter John Solomon’s piece at The Hill, have prompted further investigation from Horowitz’s team. On Thursday, Solomon reported that newly unearthed memos show that a high-ranking government official from the Obama State Department met with former British spy Christopher Steele in October of 2016, and figured out pretty quickly that his dossier was a political hit job intended to slime Donald Trump on behalf of Hillary Clinton’s campaign. [..] DiGenova said the inspector general was unaware of the memos, which were obtained last week through open-records litigation by the conservative group Citizens United. “The Bureau hid those memos from Horowitz. As a result of that, they are doing some additional work on the first FISA,” diGenova explained, adding: “It may be that all four FISAs will have been obtained illegally.”

[..] DiGenova and Toensing shared another explosive revelation on Sebastian Gorka’s Salem Radio talk show “America First” on Thursday. According to Toensing, the FBI tried to frame former Trump campaign adviser George Papadopoulos by having an informant give him $10,000 in cash during a trip to Israel in the summer of 2017. An individual allegedly talked the then-29-year-old into traveling to Israel to make a deal, and invited him to his hotel room. “And there on the bed is $10,000 in cash in a suitcase,” she continued. Papadopoulos took the money and gave it to his lawyer, who has it still. Toensing said when Papadopoulos returned to the United States, he was greeted by FBI agents at Dulles Airport and they started searching through everything that he had “the second he landed.”

She added, “in fact, they already had his baggage from the plane. He couldn’t believe they had his baggage.” “It was a set up!” exclaimed Gorka. “It was a complete set up,” agreed Toensing. DiGenova explained that the Feds already knew that he hadn’t declared that he had $10,000 and were expecting to find the undeclared cash so they could arrest him and “put the thumbscrews on and make him squeal,” as Gorka put it. Worst of all, according to Toensing, “one of the FBI agents said to him, ‘this is what happens when you work for Donald Trump.’”

Read more …

Good read. To a large extent, the Democrats made their own bed. Very far from a black and white story.

William Barr vs. Eric Holder: A Tale of Two Attorneys General (McConnell)

Speaker of the House Nancy Pelosi has declared it a “constitutional crisis” that Attorney General William Barr refuses to divulge the small parts of the Mueller report that contain grand-jury material. By a straight party-line vote, the House Judiciary Committee voted to hold Barr in contempt of Congress. What did Pelosi think when Barr’s predecessor, Eric Holder, refused to divulge documents to a congressional committee and was held in contempt? “Ridiculous!” she said. What did Holder and Obama say? That the House subpoena was a violation of “separation of powers.” To partisans, the difference between the cases is obvious. Barr is defending Trump; Holder was Obama’s self-proclaimed “wing man.”

That is enough for many journalists and most politicians. The rest of us might want to know: What is the legal or constitutional difference between Holder’s refusal to provide documents and Barr’s? Here is the background of the Holder contempt. The Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE), a unit of Holder’s Department of Justice (DOJ), conducted an operation called “Fast & Furious,” intended to track illegal gun sales. In fact it put hundreds of weapons in the hands of Mexican criminal gangs, leading to the death of an American officer. On February 2, 2011, after news of the operation emerged, Holder’s assistant attorney general sent a letter to Congress declaring that the Obama administration had no knowledge of the operation. This letter was false, as Holder later admitted.

A congressional committee wanted to know why it had been misled. BATFE employees leaked to Congress that the department was still suppressing the truth about the operation and retaliating against whistleblowers. The committee wanted to dig into that. It demanded DOJ documents “relating to actions the Department took to silence or retaliate against Fast and Furious whistleblowers,” so that it could determine “what the Department knew about Fast and Furious, including when and how it discovered its February 4 letter was false, and the Department’s efforts to conceal that information from Congress and the public.”

Read more …

“..funnelled [over $21 million] personally and through straw donors to President Obama’s 2012 re-election campaign, then lied about it to the Federal Elections Commission in 2015.”

Fugees Founder, Banker Charged In 1MDB, Obama Campaign Scandal (RT)

A founding member of the Fugees is accused of conspiracy to funnel illegal campaign contributions to Barack Obama’s 2012 presidential campaign and lying about it, in a spinoff of the 1MDB corruption scandal. The indictment against Prakazrel “Pras” Michel, 46, was unsealed on Friday, the government says he received over $21 million from Malaysian businessman Low Taek Jho (also known as “Jho Low”) and funnelled it personally and through straw donors to President Obama’s 2012 re-election campaign, then lied about it to the Federal Elections Commission in 2015. Michel was charged with conspiracy to defraud US government, falsifying records, and making a false statement. He appeared before a federal judge in Washington, DC on Friday and pleaded not guilty.


Mr. Michel is extremely disappointed that so many years after the fact the government would bring charges related to 2012 campaign contributions,” said his attorney Barry Pollack. “Mr. Michel is innocent of these charges and looks forward to having the case heard by a jury.” Michel is best known as one of the founding members of the Fugees, an award-winning group that set music charts on fire with ‘Killing me softly’ in 1996 and launched the solo careers of Wyclef Jean and Lauryn Hill. Low, 37, was also charged in the case, adding to the existing indictments against the Malaysian businessman already wanted for conspiring to launder billions of dollars and violating the Foreign Corrupt Practices Act.

Read more …

“..he rode on the back of that fraud for two years, as if touring a political landfill on a donkey, leaving the public to stew in anxious hallucinations.”

Crisis? What Crisis? (Jim Kunstler)

Information emerged over the weeks since the Mueller Report’s release that Mr. Mueller and his team knew unequivocally that the Special Counsel’s mission and the FBI operations that preceded it were based on concocted political bullshit supplied by Mrs. Clinton and her network of flunkies and fixers, ranging throughout the permanent DC bureacuracy (a.k.a. the Swamp), to outposts in foreign intel services and the political kitty-litter box known as Ukraine. Mr. Mueller must have suspected this from the outset, but knew for sure by the summer of 2017, and omitted to advise the American public that he had uncovered a fraud. Rather, he rode on the back of that fraud for two years, as if touring a political landfill on a donkey, leaving the public to stew in anxious hallucinations.


What else did Mr. Mueller do, or omit to do? He never engaged US government forensic computer analysts to examine the DNC servers at the heart of RussiaGate story. Rather, he allowed the conclusions to stand of a company called CrowdStrike, hired by the DNC itself to supposedly investigate the theft of emails, especially those of Clinton campaign chairman John Podesta. Mr. Mueller never bothered to interview the one person who might have known exactly who supplied the purloined emails to Wikileaks, namely Julian Assange. Mr. Mueller also did not bother to interview several dozen retired Intel Community computer experts, led by William Binney, former Technical Director of the NSA, who determined that the hack was accomplished by direct download by an insider onto a flash drive.

Read more …

This is about what the US wants to add to the Assange charge once he’s been extradited.

Manning Could Delay US Superseding Indictment Against Assange (Sp.)

According to Manning’s legal team, her release was triggered by the expiration of the term of the grand jury that had demanded her testimony. She will be back in court on May 16, trying to convince a new grand jury of what she failed to prove to the last one: that she cannot be forced to cooperate, as she fundamentally disagrees with the concept of a grand jury, which she says use activists’ testimonies against them. “This will go on until they get what they want or she continues to stay in jail,” Joe Lauria, editor-in-chief of Consortium News, told Radio Sputnik’s Loud and Clear Friday. “She’s in a position where she could delay or slow down what the Justice Department wants to do in terms of a superseding indictment against Assange.

Nobody believes that they are going to want to just put him in jail for five years… this initial indictment is a placeholder, and they have a deadline of June 12 to give to British court the charges; the decision has to be made in the UK,” Lauria said. However, there is a way around that, Lauria told hosts Brian Becker and John Kiriakou, called the Doctrine of Specialty, which, according to reference website USLegal.com, is “a principle of international law that is included in most extradition treaties, whereby a person who is extradited to a country to stand trial for certain criminal offenses may be tried only for those offenses and not for any other pre-extradition offenses.” “Once the asylum state extradites an individual to the requesting state under the terms of an extradition treaty, that person can be prosecuted only for crimes specified in the extradition request,” the website notes.

“This doctrine allows a nation to require the requesting nation to limit prosecution to declared offenses.” “In other words, Assange could come to the US based on this very silly charge that he tried to help Chelsea Manning hack into a computer — when she had top secret clearance and total access anyway — clearly he was trying to just help her hide her identity. But, he could come to the US and they could start adding charges there. I suspect that might happen if she doesn’t testify — which she will not do, obviously; she’s made that abundantly clear.” “They clearly need something from her, or they wouldn’t be throwing her back in jail, effectively, because she refuses to testify,” Lauria said. “But she’s not going to say a damn thing; she’s not going to cooperate, at incredible personal expense to herself, and that just goes to show what a person of principle she is.”

Read more …

Curious but still..

Dutch Court Blocks Extradition Of Man To ‘Inhumane’ UK Prisons (G.)

Judges in the Netherlands have refused to send a suspected drug smuggler back to the UK because of concerns that conditions in British jails are inhumane. An initial application to extradite the unnamed man, who had been on the run for two years, was refused this week due to the reported state of HMP Liverpool where he would probably be sent.The court of Amsterdam heard how inspectors had found “some of the most disturbing prison conditions we have ever seen” and “conditions which have no place in an advanced nation in the 21st century”, in reference to report on the state of prisons in the UK published last July.


A surprise inspection of HMP Liverpool in September 2017 found it was infested with rats and that inmates lived in squalid conditions, afraid of being attacked because of increasing violence. Similar conditions were found in HMP Birmingham and HMP Bedford. The Dutch judges said on Wednesday they were concerned the man, who was wanted in relation to cocaine and heroin smuggling on Merseyside, was at “real risk of inhuman or degrading treatment” if returned. The man had been made the subject of a European arrest warrant at Liverpool magistrates court in July 2017. His lawyer argued that the extradition should be refused based on the prison inspectors’ reports.

Read more …

“.. If you start with a monetary union, you make sure there will not be a democratic political union.”

Varoufakis On Eurozone: ‘We Created A Monster’ (Exp.)

Former Greek financial minister Yanis Varoufakis branded the eurozone “a monster” for allegedly taking away financial oversight from European Union member states. Mr Varoufakis, an outspoken opponent of the European monetary union, claimed the creation of the common currency led to an “undemocratic political union”. Recounting his first meeting with other eurozone Finance Ministers in 2015, Mr Varoufakis said: “When I was in the Eurogroup, Wolfgang Schauble was very clear. The first time he spoke, in my presence, he said –spectacularly and very honestly – ’democracy cannot be allowed to change economic policies.’


Mr Varoufakis continued: “We’ve created a monster. We’ve created a monetary union that has a central bank without a state behind it because the European Central Bank (ECB) doesn’t have a corresponding state. Before the euro, you had the Treasury, the ministry of finance and you had the central banks – correspondence. “The ECB is a gigantic central bank with no state behind it and you’ve got 19 states without a central bank. This is not the way to create a monetary union which is consistent with the political union.” He added: “The fallacy in 1992 with Helmut Kohl and Francois Mitterrand, is that they believed you start with a monetary union and then you move towards a democratic political union. “No. If you start with a monetary union, you make sure there will not be a democratic political union.”

Read more …

Not sure the biggest EU monster is a finance one.

70 Migrants Dead After Boat Capsizes Trying To Reach Europe From Libya (G.)

As many as 70 people trying to reach Europe from Libya have drowned after their vessel capsized in the deadliest such incident in the Mediterranean since January. According to survivors, at least 16 of whom were rescued, the boat left Zuwara in Libya, where renewed warfare between rival factions has gripped the capital, Tripoli, in the past five weeks. The vessel capsized 40 miles off the coast of Sfax, south of Tunis, as it headed towards Italy. The survivors reported that a Tunisian fishing boat came to their rescue and transferred them to a Tunisian coastguard vessel.


The incident came as overall number of people reaching Europe has decreased, whilethe journey has become increasingly dangerous. So far this year, 17,000 migrants and refugees have entered Europe via the sea, about 30% fewer than in the same period last year, according to the International Organization for Migration. The IOM said 443 people have reportedly died on Mediterranean crossings since 1 January, compared with 620 in the same period in 2018. The Institute for International Political Studies (ISPI) thinktank said that one person died for every eight people who left Libya from January to April, based on analysis of figures from the Italian interior ministry.

Read more …

There’ll always be a dictator somewhere who invites a few million dollars. There’s only one solution: stop producing the stuff. 2 trillion drinks containers were sold in 2018. Cut it out.

Nearly All Countries Agree To Stem Flow Of Plastic Waste Into Poor Nations (G.)

Almost all the world’s countries have agreed on a deal aimed at restricting shipments of hard-to-recycle plastic waste to poorer countries, the United Nations announced on Friday. Exporting countries – including the US – now will have to obtain consent from countries receiving contaminated, mixed or unrecyclable plastic waste. Currently, the US and other countries can send lower-quality plastic waste to private entities in developing countries without getting approval from their governments. Since China stopped accepting recycling from the US, activists say they have observed plastic waste piling up in developing countries. The Global Alliance for Incinerator Alternatives (Gaia), a backer of the deal, says it found villages in Indonesia, Thailand and Malaysia that had “turned into dumpsites over the course of a year”.


“We were finding that there was waste from the US that was just piled up in villages throughout these countries that had once been primarily agricultural communities,” said Claire Arkin, a spokeswoman for Gaia. The legally binding framework emerged at the end of a two-week meeting of UN-backed conventions on plastic waste and toxic, hazardous chemicals that threaten the planet’s seas and creatures. The pact comes in an amendment to the Basel convention. The US is not a party to that convention so it did not have a vote, but attendees at the meeting said the country argued against the change, saying officials didn’t understand the repercussions it would have on the plastic waste trade.

Read more …

 

 

 

 

May 102019
 


James McNeill Whistler Symphony in White, No. 3 1867

 

US Hikes Tariffs On Chinese Goods, China Says To Strike Back (R.)
Historic Lawsuit Could “Wreak Havoc” On The Leveraged Loan Market (ZH)
The Real Muellergate Scandal (Craig Murray)
From Russiagate to Gunboat Diplomacy (Jacobin)
FBI’s Steele Story Falls Apart (Solomon)
Roger Stone Wins Right To Receive Unredacted Parts of Mueller Report (SC)
Chelsea Manning Released After 2 Months, Might Be Back In Jail In 6 Days (RT)
The Law Being Used to Prosecute Julian Assange Is Broken (Ekeland)
Swedish Prosecutor To Give Decision On Assange Rape Inquiry (G.)
The Revelations of WikiLeaks: No. 2 (Vos)
Facebook Co-Founder Calls For Breakup Of The Company (ZH)
UK Tories Could Come Sixth In European Elections (G.)
America, You Are Fired! (Dmitry Orlov)
Chernobyl Has Become A Refuge For Wildlife 33 Years Later (Conv.)
Ireland Second Country To Declare Climate, Biodiversity Emergency (RTE)

 

 

Keep talking!

US Hikes Tariffs On Chinese Goods, China Says To Strike Back (R.)

U.S. President Donald Trump’s tariff increase to 25% on $200 billion worth of Chinese goods took effect on Friday, and Beijing said it would strike back, ratcheting up tensions as the two sides pursue last-ditch talks to try salvaging a trade deal. China’s Commerce Ministry said it “deeply regrets” the U.S. decision, adding that it would take necessary countermeasures, without elaborating. The hike comes in the midst of two days of talks between top U.S. and Chinese negotiators to try to rescue a faltering deal aimed at ending a 10-month trade war between the world’s two largest economies. Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin talked for 90 minutes on Thursday and were expected to resume talks on Friday.


The Commerce Ministry said that negotiations were continuing, and that it “hopes the United States can meet China halfway, make joint efforts, and resolve the issue through cooperation and consultation”. With no action from the Trump administration to reverse the increase as negotiations moved into a second day, U.S. Customs and Border Protection imposed the new 25% duty on affected U.S.-bound cargoes leaving China after 12:01 a.m. EDT (0401 GMT) on Friday. Goods in the more than 5,700 affected product categories that left Chinese ports and airports before midnight will be subject to the original 10% duty rate, a CBP spokeswoman said.

Read more …

Don’t worry, Fed to the rescue.

Historic Lawsuit Could “Wreak Havoc” On The Leveraged Loan Market (ZH)

Ask any banker (or analyst) what the difference is between a junk bond and a loan, and you’ll most likely get a blank start in response: starting with the size of the loan market, which is now virtually identical to that of the high yield bond market, continuing through the standardization of loan terms, the growth of secondary trading, and all the way through to “protections” granted to loan investors, which in an age of exclusively covenant-lite issuance, no longer exist, and one can argue that at least superficially, a loan is effectively the same as a junk bond. And yet, there is one critical difference between the two: junk bonds are securities, while loans aren’t. That difference, however, may not be true for much longer.

As Bloomberg reports, a group suing JPMorgan Chase and other banks over a loan that went sour four years ago is alleging the underwriters engaged in securities fraud. If successful, the article contends correctly, the lawsuit will “radically transform the $1.2 trillion leveraged lending market” because should the plaintiff ultimately prevail in arguing that loans are de facto securities, it would dramatically alter how American companies raise debt, according to two industry groups that filed a brief supporting the defendants’ argument last week. “There are absolutely enormous market consequences if a court determines that leveraged loans are securities,” J. Paul Forrester, a partner at Mayer Brown told Bloomberg. “Leveraged loans and lenders would be potentially subject to the same offering and disclosure requirements as securities and would face the same regulatory oversight and enforcement consequences.”

Read more …

Well, whaddaya know, there are people who agree with me… The VIPS, Assange, it’s all I’ve been talking about. I said Mueller is a coward and a liar, Murray calls him deeply corrupt. Same difference.

The Real Muellergate Scandal (Craig Murray)

Robert Mueller is either a fool, or deeply corrupt. I do not think he is a fool. I did not comment instantly on the Mueller Report as I was so shocked by it, I have been waiting to see if any other facts come to light in justification. Nothing has. I limit myself here to that area of which I have personal knowledge – the leak of DNC and Podesta emails to Wikileaks. On the wider question of the corrupt Russian 1% having business dealings with the corrupt Western 1%, all I have to say is that if you believe that is limited in the USA by party political boundaries, you are a fool. On the DNC leak, Mueller started with the prejudice that it was “the Russians” and he deliberately and systematically excluded from evidence anything that contradicted that view.

Mueller, as a matter of determined policy, omitted key steps which any honest investigator would undertake. He did not commission any forensic examination of the DNC servers. He did not interview Bill Binney. He did not interview Julian Assange. His failure to do any of those obvious things renders his report worthless. There has never been, by any US law enforcement or security service body, a forensic examination of the DNC servers, despite the fact that the claim those servers were hacked is the very heart of the entire investigation. Instead, the security services simply accepted the “evidence” provided by the DNC’s own IT security consultants, Crowdstrike, a company which is politically aligned to the Clintons.

That is precisely the equivalent of the police receiving a phone call saying: “Hello? My husband has just been murdered. He had a knife in his back with the initials of the Russian man who lives next door engraved on it in Cyrillic script. I have employed a private detective who will send you photos of the body and the knife. No, you don’t need to see either of them.” There is no honest policeman in the world who would agree to that proposition, and neither would Mueller were he remotely an honest man.

[..] Mueller’s failure to examine the servers or take Binney’s evidence pales into insignificance compared to his attack on Julian Assange. Based on no conclusive evidence, Mueller accuses Assange of receiving the emails from Russia. Most crucially, he did not give Assange any opportunity to answer his accusations. For somebody with Mueller’s background in law enforcement, declaring somebody in effect guilty, without giving them any opportunity to tell their side of the story, is plain evidence of malice. Inexplicably, for example, the Mueller Report quotes a media report of Assange stating he had “physical proof” the material did not come from Russia, but Mueller simply dismisses this without having made any attempt at all to ask Assange himself.

Read more …

Where would US media be without Russia?

From Russiagate to Gunboat Diplomacy (Jacobin)

One of the things Russiagate skeptics found unsettling about the frenzy over supposed “collusion” was that it made war more likely. Not only did the now-debunked conspiracy theories and resulting political climate push officials into a more aggressive posture toward Russia, but once the Kremlin was returned to its status as the foreign policy elite’s Big Bad, it was easy to imagine a situation where the threat of a Russian bogeyman could be used to justify any number of unrelated foreign adventures. This appears to be exactly what’s happening with Venezuela right now. First there was Fareed Zakaria, who two months ago tried to goad Trump into attacking Venezuela by pointing to Russia’s support for Maduro.

“Putin’s efforts seem designed to taunt the United States,” he said (it might also have something to do with the billions of dollars Russia sank into the country), making reference to the Monroe Doctrine. He asked if Washington would “allow Moscow to make a mockery of another American red line,” warning that “if Washington does not back its words with deeds” the country could become another Syria. Zakaria concluded: “will Venezuela finally be the moment when Trump finally ends his appeasement?” More recently, Secretary of State Mike Pompeo charged that Russia had “invaded” Venezuela before claiming the Kremlin had dissuaded Maduro from fleeing the country at the last moment, something Pompeo has provided no evidence for but much of the media has treated as fact since.

National Security Advisor John Bolton has said that “this is our hemisphere” and “not where the Russians ought to be interfering.” Democratic Sen. Doug Jones echoed this sentiment on CNN, praising the Trump administration for saying “all options are on the table” to deal with Venezuela, something he suggested may have to be acted on “if there is some more intervention [by] Russia.” The national press, taking a break from warning about Trump being a dangerous authoritarian, has been demanding to know why he hasn’t been more aggressive toward the country over this. Particularly shameless was Florida Rep. Mario Díaz-Balart, who went on Tucker Carlson’s show to peddle half-baked innuendo as brazen as anything claimed in the lead up to the Iraq War. If Maduro’s government survived, he claimed, it would be “a green light, an open door for the Russians and for the Chinese and for others to increase their activity against our national security interest right here in our hemisphere.”

Read more …

John Solomon digs on. “She quoted Steele as saying, “Payments to those recruited are made out of the Russian Consulate in Miami..” [..] “It is important to note that there is no Russian consulate in Miami.”

FBI’s Steele Story Falls Apart (Solomon)

The FBI’s sworn story to a federal court about its asset, Christopher Steele, is fraying faster than a $5 souvenir T-shirt bought at a tourist trap. Newly unearthed memos show a high-ranking government official who met with Steele in October 2016 determined some of the Donald Trump dirt that Steele was simultaneously digging up for the FBI and for Hillary Clinton’s campaign was inaccurate, and likely leaked to the media. The concerns were flagged in a typed memo and in handwritten notes taken by Deputy Assistant Secretary of State Kathleen Kavalec on Oct. 11, 2016. Her observations were recorded exactly 10 days before the FBI used Steele and his infamous dossier to justify securing a Foreign Intelligence Surveillance Act (FISA) warrant to spy on Trump campaign adviser Carter Page and the campaign’s contacts with Russia in search of a now debunked collusion theory.

It is important to note that the FBI swore on Oct. 21, 2016, to the FISA judges that Steele’s “reporting has been corroborated and used in criminal proceedings” and the FBI has determined him to be “reliable” and was “unaware of any derogatory information pertaining” to their informant, who simultaneously worked for Fusion GPS, the firm paid by the Democratic National Committee (DNC) and the Clinton campaign to find Russian dirt on Trump. That’s a pretty remarkable declaration in Footnote 5 on Page 15 of the FISA application, since Kavalec apparently needed just a single encounter with Steele at State to find one of his key claims about Trump-Russia collusion was blatantly false.

In her typed summary, Kavalec wrote that Steele told her the Russians had constructed a “technical/human operation run out of Moscow targeting the election” that recruited emigres in the United States to “do hacking and recruiting.” She quoted Steele as saying, “Payments to those recruited are made out of the Russian Consulate in Miami,” according to a copy of her summary memo obtained under open records litigation by the conservative group Citizens United. Kavalec bluntly debunked that assertion in a bracketed comment: “It is important to note that there is no Russian consulate in Miami.”

Read more …

What if the relevant sections did get redacted?

Roger Stone Wins Right To Receive Unredacted Parts of Mueller Report (SC)

A federal judge in Washington ordered the Department of Justice to turn over any unredacted sections of Special Counsel Robert Mueller’s report on Russian activities during the 2016 presidential campaign that relate to Roger Stone. U.S. District Judge Amy Berman Jackson gave the prosecutors until Monday to “submit unredacted versions of those portions of the report that relate to defendant Stone and/or ‘the dissemination of hacked materials.” Judge Jackson would review the material in private to see if it is relevant to the case and to decide whether Stone and his defense team will have access to the material.

Read more …

Is this a game?

Chelsea Manning Released After 2 Months, Might Be Back In Jail In 6 Days (RT)

Whistleblower Chelsea Manning has been released from a Virginia prison where she spent the last 62 days for refusing to testify on her 2010 leak of classified military files before a grand jury. Manning was released from William G. Truesdale Adult Detention Center in Alexandria, Virginia, on Thursday after the term of the grand jury before which she was supposed to testify expired, her legal team said in a statement reported by the Sparrow Project. However, the WikiLeaks whistleblower and activist might soon be locked up again and has already been served with another subpoena, requesting that she testifies before a different set of jurors. “Unfortunately, even prior to her release, Chelsea was served with another subpoena.


This means she is expected to appear before a different grand jury, on Thursday, May 16, 2019, just one week from her release today,” her lawyers said. Despite having spent over two months behind bars, Manning has no intention to cave in to the demand and make herself available to a secret grand jury’s questioning, according to the statement. “Chelsea will continue to refuse to answer questions, and will use every available legal defense to prove to District Judge Trenga that she has just cause for her refusal to give testimony.” Manning insists that she already gave an “exhaustive testimony” on all the matters concerning her disclosure of military documents at a 2013 court martial. In an 8-page declaration filed to the Virginia court on May 6, Manning accused the US government of using the “corrupt and abusive tool” of grand jury to “harass and disrupt political opponents and activists.”

Read more …

Taking us back to Aaron Schwartz.

The Law Being Used to Prosecute Julian Assange Is Broken (Ekeland)

[..] the UK courts will evaluate the US’s request to send Assange to Virginia to stand trial in federal court for a single felony charge of conspiracy to commit unauthorized access to a government computer, a violation of the Computer Fraud and Abuse Act (CFAA). After Assange’s arrest, many reached out to ask me about the CFAA. For years, I’ve represented hackers in federal criminal cases nationally involving the CFAA, including Lauri Love, whom the US unsuccessfully tried to extradite from the UK. The US indicted Love in three separate federal courts in New York, New Jersey, and Virginia, for hacking of a number of government sites including NASA, the FBI, the United States Sentencing Commission, and the Bureau of Prisons.

This was part of #OpLastResort, in protest of the CFAA prosecution and death of computer science pioneer Aaron Swartz, whose suicide in 2013 was widely viewed as resulting from a draconian CFAA prosecution. Whether intended or not, the CFAA makes it easy for a prosecutor to bring felony computer crime charges even when there’s little or no harm. [..] The core problem with the Computer Fraud and Abuse Act is that it doesn’t clearly define one of the central things it prohibits: unauthorized access to a computer. The courts across the country aren’t any help on this front, issuing conflicting decisions both with other jurisdictions and often within their own. Under the CFAA, what is a felony in one jurisdiction is legal in another.

This lack of definitional clarity allows prosecutors to charge felonies even when the harms are minimal, questionable, or just political views that DOJ doesn’t like. This is a serious problem, given that much political speech and protest these days is done with computers. And DOJ has previously used the CFAA in a politically charged prosecution. In 2011, DOJ charged the politically outspoken Aaron Swartz under the CFAA for going into an open server closet at MIT, a mecca of modern American hacking, and downloading academic articles—many of which were publicly funded—for public distribution. Even though the extent of any harm was questionable—this was a mere copying of articles—DOJ charged him with felony unauthorized access to a computer, unauthorized damage to a protected computer, felony aiding and abetting of both, and wire fraud.

Read more …

All Swedes need to be deeply ashamed. Is it too much to ask of you to let your voices be heard? All I hear is silence.

Swedish Prosecutor To Give Decision On Assange Rape Inquiry (G.)

Sweden’s state prosecutor will announce on Monday whether she will reopen a preliminary investigation into a rape allegation against Julian Assange. The WikiLeaks founder is in prison in Britain after he was arrested last month after seven years holed up in the Ecuadorian embassy in London. The US wants to extradite him in a case relating to WikiLeaks’ massive release of sensitive military and diplomatic documents. Sweden’s legal tussle with the Australian Assange has dragged on for nearly a decade after he was accused by two Swedish women of sexual assault and rape in 2010.


The statute of limitations ran out on the sexual assault allegations in 2015 and the prosecutor dropped the investigation into the rape allegation in 2017 because Assange was in the Ecuadorian embassy, where he had taken refuge to avoid extradition. The prosecutor said at the time the investigation could be reopened if the situation changed. After Assange’s arrest last month, the lawyer representing the woman who accused Assange of rape asked for the investigation to be reopened. “At [a] press conference, the prosecutor will announce her decision, which will formally be made immediately before the press conference,” the Swedish prosecution authority said in a statement.

Read more …

Elizabeth Lea Vos is compiling a history of all WikiLeaks files.

The Revelations of WikiLeaks: No. 2 (Vos)

Three months after it published the “Collateral Murder” video, WikiLeaks on July 25, 2010 released a cache of secret U.S. documents on the war in Afghanistan. It revealed the suppression of civilian casualty figures, the existence of an elite U.S.-led death squad and the covert role of Pakistan in the conflict, among other revelations. The publication of the Afghan War Diaries helped set the U.S. government on a collision course with WikiLeaks founder Julian Assange that ultimately led to his arrest last month. The war diaries were leaked by then-Army-intelligence-analyst Chelsea Manning, who had legal access to the logs via her Top Secret clearance.

Manning only approached WikiLeaks, after studying the organization, following unsuccessful attempts to leak the files to The New York Times and The Washington Post. A major controversy surrounding the Diaries’ release were allegations that operational details were made public to the Taliban’s battlefield advantage and that U.S. coalition informants’ lives were put at risk by publishing their names. Despite a widely-held belief that WikiLeaks carelessly publishes un-redacted documents, only 75,000 from a total of more than 92,201 internal U.S. military files related to the Afghan War (between 2004 and 2010) were ultimately published.

WikiLeaks explained that it held back so many documents because Manning had insisted on it: “We have delayed the release of some 15,000 reports from the total archive as part of a harm minimization process demanded by our source.” Manning testified at her 2013 court-martial that the files were not “very sensitive” and did not report active military operations.

Read more …

Facebook: We’re Not A Monopoly, We’re “A Successful American Company”

Chris Hughes, Zuck’s former roommate, said in a NYT op-ed that Facebook should be split up. The reaction: no, we’re just successful, but we do need new laws, and Zuck himself has some great ideas for that.

Facebook Co-Founder Calls For Breakup Of The Company (ZH)

[..] would-be rivals can’t raise the money to take on Facebook. Nobody would finance them knowing that if they get too powerful, Facebook will run them out of business. Hughes doesn’t blame Zuckerberg for this; after all, he’s simply demonstrating the “virtuous hustle of a talented entrepreneur.” But this is exactly why the government should feel obligated to step in and “break up Facebook’s monopoly and regulate the company to make it more accountable to the American people.” Specifically, Hughes believes the FTC should work with the DoJ to undo the Instagram and Whatsapp acquisitions. There is some precedent for this, he says.

How would a breakup work? Facebook would have a brief period to spin off the Instagram and WhatsApp businesses, and the three would become distinct companies, most likely publicly traded. Facebook shareholders would initially hold stock in the new companies, although Mark and other executives would probably be required to divest their management shares. Until recently, WhatsApp and Instagram were administered as independent platforms inside the parent company, so that should make the process easier. But time is of the essence: Facebook is working quickly to integrate the three, which would make it harder for the F.T.C. to split them up. For what it’s worth, Hughes acknowledges his complicity in creating Facebook, and the fact that he didn’t speak out – or even question the company’s monopoly power – until after Cambridge Analytica.

But that’s the past: Already, support for breaking up big-tech monopolies is gaining traction among Democrats and Republicans alike. The fact that Hughes has decided to criticized his former co-founder (and one-time college buddy) in such a public forum might seem galling to some: After all, Hughes was transformed into a millionaire 500 times over largely because he had the good fortune of being assigned to the same dorm room as Zuckerberg at Harvard. But regardless, now that Hughes has broken the seal, will he inspire more of Facebook’s co-founders and former top employees speak out. It’s worth noting that in March, Chris Cox, one of Zuckerberg’s top deputies and a longtime FB executive, left the company. Cox’s decision to leave was reportedly due to ‘disagreement’s’ that were alluded to in a blog post.

Read more …

Torn between multiple lovers. The UK governed by a fringe party.

UK Tories Could Come Sixth In European Elections (G.)

Conservative officials fear the party could come sixth in the European elections, with their support plummeting to single digits. Candidates running in the election said the party was “almost in denial” that the poll was happening and continued to insist they would not need to take up their seats in the European parliament, despite fading prospects for a cross-party deal with Labour that would enable Brexit to happen before 2 July. The fears of a dismal performance have been stoked by the fact that the party plans to spend no money on candidate campaigning, will not publish a manifesto and is refusing to hold a launch.


One MEP said candidates were funding their campaigns out of their own pockets, unlike previous years when there was a central pot of funding available. They have been told they are allowed to have their own regional manifestos, but many are not bothering, and there will be no central party manifesto. “The thinking is that if we make no effort then we will have an excuse for having done so badly. But it is seriously embarrassing,” said one MEP. Another Conservative source said internal data showed the party could do worse than the Brexit party, Labour, the Lib Dems, Change UK and even potentially the Greens, with support at less than 10%. That would translate to only a handful of seats, down from the current 22.

Read more …

Nuclear is set to make a come back, because it is the only option to maintain our complex societies. He may have a point there. The ultimate desperation.

America, You Are Fired! (Dmitry Orlov)

Some ironies are just too precious to pass by. The 2016 US presidential elections gave us Donald Trump, a reality TV star whose famous tag line from his show “The Apprentice” was “You are fired!” Focus on this tag line; it is all that is important to this story. Some Trump Derangement Disorder sufferers might disagree. This is because they are laboring under certain misapprehensions: that the US is a democracy; or that it matters who is president. It isn’t and it doesn’t. By this point, the choice of president matters as much as the choice of conductor for the band that plays aboard a ship as it vanishes beneath the waves. I have made these points continuously since before Trump got into office. Whether or not you think that Trump was actually elected, he did get in somehow, and there are reasons to believe that this had something to do with his wonderfully refreshing “You are fired!” tag line.

[..] Financially ruinous and generally nonsensical schemes such as tar sands, shale oil and industrial-scale photovoltaics, wind generation and electric cars will only accelerate the process of sorting nations into energy haves and energy have-nots, with the have-nots wiping themselves out sooner rather than later. Leaving aside various fictional and notional schemes (nuclear fusion, space mirrors, etc.) and focusing just on the technologies that already exist, there is only one way to maintain industrial civilization, and that is nuclear, based on Uranium 235 (which is scarce) and Plutonium 239 produced from Uranium 238 (of which there is enough to last for thousands of years) using fast neutron reactors. If you don’t like this choice, then your other choice is to go completely agrarian, with significantly reduced population densities and no urban centers of any size.

And if you do like this choice, then you have few alternatives other than to go with the world’s main purveyor of nuclear technology (VVER-series light water reactors, BN-series fast neutron breeder reactors and closed nuclear fuel cycle technology) which happens to be Russia’s state-owned conglomerate Rosatom. It owns over a third of the world nuclear energy market and has a portfolio of international projects stretching far into the future that includes as much as 80% of the reactors that are going to be built. The US hasn’t been able to complete a nuclear reactor in decades, the Europeans managed to get just one new reactor on line (in China) while Japan’s nuclear program has been in disarray ever since Fukushima and Toshiba’s financially disastrous acquisition of Westinghouse. The only other contenders are South Korea and China. Again, if you don’t like nuclear—for whatever reason—then you can always just buy yourself some pasture and some hayfields and start breeding donkeys.

Read more …

Nuclear anyone?

Chernobyl Has Become A Refuge For Wildlife 33 Years Later (Conv.)

About 30 researchers from the United Kingdom, Ireland, France, Belgium, Norway, Spain and Ukraine presented the latest results of our work. These studies included work on big mammals, nesting birds, amphibians, fish, bumblebees, earthworms, bacteria and leaf litter decomposition. These studies showed that at present the area hosts great biodiversity. In addition, they confirmed the general lack of big negative effects of current radiation levels on the animal and plant populations living in Chernobyl. All the studied groups maintain stable and viable populations inside the exclusion zone. These studies showed that at present the area hosts great biodiversity.

In addition, they confirmed the general lack of big negative effects of current radiation levels on the animal and plant populations living in Chernobyl. All the studied groups maintain stable and viable populations inside the exclusion zone. A clear example of the diversity of wildlife in the area is given by the TREE project (TRansfer-Exposure-Effects, led by Nick Beresford of the UK’s Centre for Ecology and Hydrology). As part of this project, motion detection cameras were installed for several years in different areas of the exclusion zone. The photos recorded by these cameras reveal the presence of abundant fauna at all levels of radiation. These cameras recorded the first observation of brown bears and European bison inside the Ukrainian side of the zone, as well as the increase in the number of wolves and Przewalski horses.

Our own work with the amphibians of Chernobyl has also detected abundant populations across the exclusion zone, even on the more contaminated areas. Furthermore, we have also found signs that could represent adaptive responses to life with radiation. For instance, frogs within the exclusion zone are darker than frogs living outside it, which is a possible defence against radiation. Studies have also detected some negative effects of radiation at an individual level. For example, some insects seem to have a shorter lifespan and are more affected by parasites in areas of high radiation. Some birds also have higher levels of albinism, as well as physiological and genetic alterations when living in highly contaminated localities. But these effects don’t seem to affect the maintenance of wildlife population in the area.


European bison (Bison bonasus), boreal lynx (Lynx lynx), moose (Alces alces) and brown bear (Ursus arctos) in Chernobyl Exclusion Zone (Ukraine). Proyecto TREE/Sergey Gaschack

Read more …

Wondering what practical measures they have in mind. Renewables?

Ireland Second Country To Declare Climate, Biodiversity Emergency (RTE)

Ireland has become only the second country in the world to declare a climate and biodiversity emergency. The development came after a Fianna Fáil amendment to the Oireachtas report on Climate Action was accepted by both the Government and Opposition parties without a vote. Chair of the Climate Action Committee, Fine Gael’s Hildegarde Naughton, welcomed the outcome as “an important statement” but added “now we need action.” She said Minister for Climate Action Richard Bruton would speedily return to the Dáil with new proposals, and she looked forward to working “with all parties and none” to scrutinise them.


Green Party leader Eamon Ryan also welcomed the development, but warned that “declaring an emergency means absolutely nothing unless there is action to back it up. That means the Government having to do things they don’t want to do”. Deputy Bríd Smith, of Solidarity/People Before Profit, said she was “delighted” with the declaration, but added it will be “interesting to see” if the Government will support her Climate Emergency Measures Bill next month, which seeks to to limit oil and gas exploration.

Read more …

 

 

 

 

May 072019
 


Robert Rauschenberg Collection 1954-55

 

Chelsea Manning Declares She will Never Cooperate with Grand Jury (SM)
Major Mueller Report Omissions Suggest Incompetence Or A Coverup (ZH)
Mnuchin Refuses To Release Trump’s Tax Returns To Congress (R.)
A Nuclear War? Over Venezuela? (Ron Paul)
Going South (Jim Kunstler)
Fed Flags High US Business Debt, Asset Prices In Financial Report (R.)
Vancouver Housing Bust Steepens, Bank of Canada Likes “Froth” Coming Off (WS)
Why Renewables Can’t Power Modern Civilization: They Were Never Meant To (F.)
Silent Spring’s Encore (CP)
Human Society Under Urgent Threat From Loss Of Earth’s Natural Life (G.)
Humanity Must Save Insects To Save Ourselves (G.)
Humans ‘Threaten 1 Million Species With Extinction’ (BBC)

 

 

Our best, bravest and brightest. Our conscience. Look what we do to them.

Chelsea Manning Declares She will Never Cooperate with Grand Jury (SM)

Today, attorney Moira Meltzer-Cohen filed a Motion for Chelsea Manning to be released on the basis that, as she will never be convinced to cooperate with the grand jury, further confinement serves no lawful purpose and must be terminated. According to Moira Meltzer-Cohen, attorney to Chelsea Manning: “A witness who refuses to cooperate with a grand jury subpoena may be held in contempt of court, and fined or incarcerated. The only permissible purpose for confinement under the civil contempt statute is to attempt to coerce a witness to comply with the subpoena, or “purge” their contempt. If it is no longer possible to purge the contempt, either because the grand jury is no longer in existence, or because the witness is un-coercible, then confinement has been transformed from coercive into punitive, in violation of the law.

“The key issue before Judge Hilton is whether continued incarceration could persuade Chelsea to testify. Many judges have complained of the “perversity” of this law: that a witness may win their freedom by persisting in their contempt of court. However, should he agree that Chelsea will never agree to testify, he will be compelled by the law to order her release. “Since Ms. Manning is not going to agree to give testimony before the grand jury, she argues, her confinement has exceeded its permissible scope, and she must be released.

“Letters of support were submitted to the Court by Ms. Manning’s friends, family, and colleagues, including from representatives of civil liberties organizations including the ACLU, the Freedom of the Press Foundation, the Electronic Frontier Foundation, and Fight for the Future. These letters reiterate that Chelsea is a person of great moral courage, who will not be swayed into betraying her principles, even in the face of great hardship. “That her confinement has already been so arduous gives credence to her claim that she will endure great hardship rather than agree to cooperate.”

Read more …

There are more oversights than this article mentions.

Major Mueller Report Omissions Suggest Incompetence Or A Coverup (ZH)

First, according to The Federalist’s Margot Cleveland (a former law clerk of nearly 25 years and instructor at the college of business at the University of Notre Dame) – the Mueller report fails to consider whether the dossier authored by former MI6 spy Christopher Steele was Russian disinformation, and Steele was not charged with lying to the FBI. The Steele dossier, which consisted of a series of memorandum authored by the former MI6 spy, detailed intel purportedly provided by a variety of Vladimir Putin-connected sources. For instance, Steele identified Source A as “a senior Russian Foreign Ministry figure” who “confided that the Kremlin had been feeding Trump and his team valuable intelligence on his opponents, including Democratic presidential candidate Hillary Clinton.”

Other supposed sources identified in the dossier included: Source B, identified as “a former top-level Russian intelligence officer still active inside the Kremlin”; Source C, a “Senior Russian Financial Officer”; and Source G, “a Senior Kremlin Official.” -The Federalist As Cleveland posits: “Given Mueller’s conclusion that no one connected to the Trump campaign colluded with Russia to interfere with the election, one of those two scenarios must be true—either Russia fed Steele disinformation or Steele lied to the FBI about his Russian sources.”

Mueller’s second major oversight is the special counsel’s portrayal of Maltese professor Joseph Mifsud was a Russian agent – when available evidence suggests he may have been a Western agent. Weeks after returning from Moscow, Mifsud – a self-described Clinton Foundation member – ‘seeded’ the rumor that Russia had ‘dirt’ on Hillary Clinton with Trump campaign adviser George Papadopoulos on April 26, 2016, according to the Mueller report. As Rep. Devin Nunes (R-CA) noted on Fox News on Sunday, “how is it that we spend 30-plus-million dollars on this, as taxpayers and they can’t even tell us who Joseph Mifsud is?” “…this is important, because, in the Mueller dossier, they use a fake news story to describe Mifsud. In one of those stories, they cherry- pick it,” Nunes added.

Read more …

“.. it lacks “a legitimate legislative purpose.” I do wonder what the purpose is. If it has to do with Russia collusion, the ground is very slippery post-Mueller.

Mnuchin Refuses To Release Trump’s Tax Returns To Congress (R.)

U.S. Treasury Secretary Steven Mnuchin on Monday denied a leading House Democrat’s request for President Donald Trump’s tax returns, setting the stage for a lengthy court battle between lawmakers and the Trump administration. In a May 6 letter, Mnuchin told House Ways and Means Committee Chairman Richard Neal that he would not comply with the Democrat’s April 3 request, saying it lacks “a legitimate legislative purpose.”

Read more …

Ron Paul has endorsed Tulsi Gabbard. Good.

A Nuclear War? Over Venezuela? (Ron Paul)

Is President Trump about to invade Venezuela? His advisors keep telling us in ever-stronger terms that “all options are on the table” and that US military intervention to restore Venezuela’s constitution “may be necessary.” Secretary of State Mike Pompeo was on the Sunday news programs to claim that President Trump could launch a military attack against Venezuela without Congress’s approval. Pompeo said that, “[t]he president has his full range of Article II authorities and I’m very confident that any action we took in Venezuela would be lawful.” The man who bragged recently about his lying, cheating, and stealing, is giving plenty of evidence to back his claim.

The president has no Constitutional authority to start a war with Venezuela or any other country that has not attacked or credibly threatened the United States without Congressional approval. It is that simple. How ironic that Pompeo and the rest of the neocons in the Trump Administration are ready to attack Venezuela to “restore their constitution” but they could not care less about our own Constitution! While Washington has been paralyzed for two years over disproven claims that the Russians meddled in our elections to elect Trump, how hypocritical that Washington does not even hesitate to endorse the actual overturning of elections overseas!

Without Congressional authority, US military action of any kind against Venezuela would be an illegal and likely an impeachable offense. Of course those Democrats who talk endlessly of impeaching Trump would never dream of impeaching of him over starting an illegal war. Democrats and Republicans both love illegal US wars.

Read more …

” The outcome of that was two Americas: the hipsterocracy of the coastal elites and the suicidal deplorables of Flyoverland. ”

Going South (Jim Kunstler)

Buying all those cheap toaster-ovens, patio loungers, sneakers, sheet-rock screws, alarm clocks, croquet mallets… well, you name it, naturally made it uneconomical for America to make the same stuff, with all our silly-ass sentimental attachment to union wages, eight-hour workdays, and pollution regs, so we just steadily let the lights go out and the roofs fall in, and ramped up the “financialized” economy, with Wall Street parlaying Federal Reserve largess into an alternative universe of Three-Card-Monte scams using multilayered derivatives of promises to repay loans (that have poor prospects of ever being paid back). The outcome of that was two Americas: the hipsterocracy of the coastal elites and the suicidal deplorables of Flyoverland.

The hipsterocracy sustains itself on the manufactured hallucinations of the holographic economy — that is, on the production of images, TV psychodramas, news media narratives, status competitions, public relations campaigns, law firm machinations, awards ceremonies, and other signaling systems to maintain the illusion that the financialized economy has everything under control as we transform into a nirvana of ultra high tech pleasure-seeking and endless leisure. Meanwhile, out in Flyoverland, the holograms aren’t selling so well anymore. Nobody has the scratch to pay for them, not even those indentured to the neo-feudal empires of WalMart and Amazon. The children keep coming, though it’s nearly impossible for a man to support them, and increasingly the fathers just take themselves out of the picture.

The women ferment in single-parent hopelessness. The children turn more feral by each generation. All remaining economic opportunity is diverted back into the leveraged buy-out mills of the Coastal Elsewhere. Even growing food out of the land was long ago converted into an Agri-Biz hustle based on practices with no future. And now the spring weather is drowning out that hustle and driving the corporatized farms into bankruptcy. The two Americas have turned a formerly workable political system into a divorce court and for the past three years nothing of value has come out of that negotiation except more mutual grievance and animus.

Read more …

First create them, than issue a warning. End the Fed.

Fed Flags High US Business Debt, Asset Prices In Financial Report (R.)

U.S. stock prices are “elevated” and business debt is at historic levels, but the financial system overall “appears resilient” with low levels of leverage and less of a destabilizing run in key markets, the Federal Reserve said in its latest report on financial stability. “Investor appetite for risk appears elevated by several measures, and the debt loads of businesses are historically high,” the Fed said on Monday in a report that noted the 20 percent growth in leveraged loans between the start of last year and this year, and other aspects of corporate debt.

The ratio of debt to assets among publicly traded, nonfinancial firms is near a 20-year high, the Fed noted, and the share of new loans going to the most indebted companies is near peaks reached in 2014 and just before the 2007 to 2009 financial crisis. While the Fed sees the system overall as healthy, the levels of corporate debt stand out, said Fed Governor Lael Brainard. “With financial volatility easing since the end of last year, the Federal Reserve Board’s Financial Stability Report suggests stretched asset valuations and risky corporate debt merit continued vigilance against a backdrop of low-to- moderate vulnerabilities in the household and banking sectors,” Brainard said in an emailed statement.

[..] As in the last edition of its now twice-yearly report on the financial sector, the Fed cited the rapid growth of business debt and leveraged lending to corporations as a source of possible concern, noting that it could leave weaker companies stressed if the economy softens. Business debt has grown faster than the overall economy for a decade, the Fed noted, and “the elevated level of debt could leave the business sector vulnerable to a downturn in economic activity or a tightening in financial conditions.”

Read more …

Wait till that “froth” turns out to be 30-40-50%.

Vancouver Housing Bust Steepens, Bank of Canada Likes “Froth” Coming Off (WS)

Across Greater Vancouver, British Columbia, sales of all types of homes so far this year through April plunged to 6,212 homes, the lowest count since 1986, as the market is freezing up. In the city of Vancouver, condo sales – the largest segment of the market – plunged 30% in April from April last year, to merely 348 condos, the lowest since 2001, even as inventory for sale jumped by 75% to 2,191 condos. At the current rate of sales, supply soared by 168% year-over-year to 6.4 months. And prices are descending at speeding-ticket velocities: • Average price: -19% year-over-year to C$786,981 • Median price: -17% year-over-year to C$651,000 • Average price per square foot: -14% yoy to $940.


“Buyers have become increasingly hesitant, particularly for unbuilt product such as pre-sale condo assignments and new unfinished development in general, says Steve Saretsky, a Vancouver Realtor and author behind Vancity Condo Guide, in his April report. “This is prompting condo developers to increase bonuses and incentives as unsold inventory begins to pile up at presale centers across the lower mainland.” The average price per square foot – historically “a very consistent and reliable price metric with much less volatility,” Saretsky says – has now dropped 16% from the peak in January 2018:

Sales of detached houses in the city of Vancouver dropped to 130 houses, the worst April in decades, down 69% from 2015. The chart below shows the number of sales for each April going back to the 1990s – a sign the market has frozen up, that buyers are unwilling to get anywhere near sellers’ aspirational asking prices, and deals are not happening:

Read more …

See my article yesterday.

Why Renewables Can’t Power Modern Civilization: They Were Never Meant To (F.)

Now comes a major article in the country’s largest newsweekly magazine, Der Spiegel, titled, “A Botched Job in Germany” (“Murks in Germany”). The magazine’s cover shows broken wind turbines and incomplete electrical transmission towers against a dark silhouette of Berlin. “The Energiewende — the biggest political project since reunification — threatens to fail,” write Der Spiegel’s Frank Dohmen, Alexander Jung, Stefan Schultz, Gerald Traufetter in their a 5,700-word investigative story (the article can be read in English here). Over the past five years alone, the Energiewende has cost Germany €32 billion ($36 billion) annually, and opposition to renewables is growing in the German countryside.

“The politicians fear citizen resistance” Der Spiegel reports. “There is hardly a wind energy project that is not fought.” In response, politicians sometimes order “electrical lines be buried underground but that is many times more expensive and takes years longer.” As a result, the deployment of renewables and related transmission lines is slowing rapidly. Less than half as many wind turbines (743) were installed in 2018 as were installed in 2017, and just 30 kilometers of new transmission were added in 2017. Solar and wind advocates say cheaper solar panels and wind turbines will make the future growth in renewables cheaper than past growth but there are reasons to believe the opposite will be the case.

Der Spiegel cites a recent estimate that it would cost Germany “€3.4 trillion ($3.8 trillion),” or seven times more than it spent from 2000 to 2025, to increase solar and wind three to five-hold by 2050. Between 2000 and 2018, Germany grew renewables from 7% to 39% of its electricity. And as much of Germany’s renewable electricity comes from biomass, which scientists view as polluting and environmentally degrading, as from solar. Of the 7,700 new kilometers of transmission lines needed, only 8% has been built, while large-scale electricity storage remains inefficient and expensive. “A large part of the energy used is lost,” the reporters note of a much-hyped hydrogen gas project, “and the efficiency is below 40%… No viable business model can be developed from this.”

Read more …

Almost 60 years ago. We’re blind deaf and dumb.

Silent Spring’s Encore (CP)

Rachel Carson’s famous and brilliant book Silent Spring (1962), which single-handedly ignited the environmental movement, has never been more relevant than it is today. A mimeo of Silent Spring is scheduled for publication by the UN, as the most comprehensive study of life on the planet ever undertaken, an 1,800-page study by the world’s leading scientists that spells out in detail the results of a massive study of the world’s ecosystems. The conclusion: Nature is in “steep decline.” According to Mike Barrett, WWF’s executive director of conservation and science: “All of our ecosystems are in trouble. This is the most comprehensive report on the state of the environment. It irrefutably confirms that nature is in steep decline.”


Interestingly enough, in days of yore, Silent Spring’s opening chapter, “A Fable for Tomorrow,” described a fictional flourishing town in the heartland of America with its splendid natural beauty; however, within only a few pages, that alluring picturesque community degenerates: “A grim specter has crept upon us almost unnoticed….” Thereafter, Silent Spring turns non-fictional as it informs its reading public, i.e., the radicalized Sixties, that 500 new chemicals “… annually find their way into actual use in the U.S. alone to which the bodies of men and animals are required somehow to adapt each year, chemicals totally outside the limits of biologic experience.”

Read more …

A few pieces on the UN report.

“The biomass of wild mammals has fallen by 82%, natural ecosystems have lost about half their area and a million species are at risk of extinction..”

Human Society Under Urgent Threat From Loss Of Earth’s Natural Life (G.)

Human society is in jeopardy from the accelerating decline of the Earth’s natural life-support systems, the world’s leading scientists have warned, as they announced the results of the most thorough planetary health check ever undertaken. From coral reefs flickering out beneath the oceans to rainforests desiccating into savannahs, nature is being destroyed at a rate tens to hundreds of times higher than the average over the past 10m years, according to the UN global assessment report. The biomass of wild mammals has fallen by 82%, natural ecosystems have lost about half their area and a million species are at risk of extinction – all largely as a result of human actions, said the study, compiled over three years by more than 450 scientists and diplomats.

Two in five amphibian species are at risk of extinction, as are one-third of reef-forming corals, and close to one-third of other marine species. The picture for insects – which are crucial to plant pollination – is less clear, but conservative estimates suggest at least one in 10 are threatened with extinction and, in some regions, populations have crashed. In economic terms, the losses are jaw-dropping. Pollinator loss has put up to $577bn (£440bn) of crop output at risk, while land degradation has reduced the productivity of 23% of global land. The knock-on impacts on humankind, including freshwater shortages and climate instability, are already “ominous” and will worsen without drastic remedial action, the authors said.

“The health of the ecosystems on which we and other species depend is deteriorating more rapidly than ever. We are eroding the very foundations of economies, livelihoods, food security, health and quality of life worldwide,” said Robert Watson, the chair of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (Ibpes). “We have lost time. We must act now.”

Read more …

Save insects? You want to have Monsanto lose its business?

“While we humans have doubled our population in the past 40 years, the number of insects has been reduced by almost half..”

“The rate of insect extinction is eight times faster than that of mammals, birds and reptiles. ”

Humanity Must Save Insects To Save Ourselves (G.)

Humanity must save insects, if not for their sake, then for ourselves, a leading entomologist has warned. “Insects are the glue in nature and there is no doubt that both the [numbers] and diversity of insects are declining,” said Prof Anne Sverdrup-Thygeson, at the Norwegian University of Life Sciences. “At some stage the whole fabric unravels and then we will really see the consequences.” On Monday, the largest ever assessment of the health of nature was published and warned starkly that the annihilation of wildlife is eroding the foundations of human civilisation. The IPBES report said: “Insect abundance has declined very rapidly in some places … but the global extent of such declines is not known.”


A Notch-horned Cleg, a type of horsefly. Photograph: Rebecca Cole/Alamy

It said the available evidence supports a “tentative” estimate that 10% of the 5.5m species of insect thought to exist are threatened with extinction. The food and water humanity relies upon are underpinned by insects but Sverdrup-Thygeson’s new book, Extraordinary Insects, spends many of its pages on how wonderful and weird insects are. “The first stage is to get people to appreciate these little creatures,” said Sverdrup-Thygeson. Many appear to defy the normal rules of life. Some fruit flies can be beheaded and live normally for several days more, thanks to mini-brains in each joint. Then there are the carpet beetles that can effectively reverse time, by reverting to younger stages of development when food is scarce.


Others are bizarrely constructed. Some butterflies have ears in their mouths, one has an eye on its penis, while houseflies taste with their feet. Insect reproduction is also exotic. The southern green shield bug can maintain sex for 10 days, while another type of fruit fly produces sperm that are 20 times longer than its own body.

Read more …

Lip service will be paid.

Humans ‘Threaten 1 Million Species With Extinction’ (BBC)

Three years in the making, this global assessment of nature draws on 15,000 reference materials, and has been compiled by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES). It runs to 1,800 pages. The brief, 40-page “summary for policymakers”, published today at a meeting in Paris, is perhaps the most powerful indictment of how humans have treated their only home. It says that while the Earth has always suffered from the actions of humans through history, over the past 50 years, these scratches have become deep scars. The world’s population has doubled since 1970, the global economy has grown four-fold, while international trade has increased 10 times over.


Getty Images

To feed, clothe and give energy to this burgeoning world, forests have been cleared at astonishing rates, especially in tropical areas. Between 1980 and 2000, 100 million hectares of tropical forest were lost, mainly from cattle ranching in South America and palm oil plantations in South East Asia. Faring worse than forests are wetlands, with only 13% of those present in 1700 still in existence in the year 2000. Our cities have expanded rapidly, with urban areas doubling since 1992. All this human activity is killing species in greater numbers than ever before. According to the global assessment, an average of around 25% of animals and plants are now threatened. Global trends in insect populations are not known but rapid declines in some locations have also been well documented.


All this suggests around a million species now face extinction within decades, a rate of destruction tens to hundreds of times higher than the average over the past 10 million years. “When we laid it all out together I was just shocked to see how extreme the declines are in terms of species and in terms of the contributions that nature is providing to people.” The assessment also finds that soils are being degraded as never before. This has reduced the productivity of 23% of the land surface of the Earth. Our insatiable appetites are producing a mountain of waste. Plastic pollution has increased ten-fold since 1980. Every year we dump 300-400 million tonnes of heavy metals, solvents, toxic sludge and other wastes into the waters of the world.

Read more …

 

 

Money doesn’t talk, it swears
– Bob Dylan

 

 

 

 

May 062019
 


James Ensor The intrigue 1890

 

The Fight to Defend the Conscience of America (Hayase)
Bolton and Pompeo, Rachel Maddow’s Latest Resistance Heroes (ZH)
Trump Says Mueller Should Not Testify Before Congress (Ind.)
The Big Lie That Barr Lied (McCarthy)
Trump Says 10% China Tariff Rising To 25% On Friday (ZH)
US, Russia Butt Heads Over Venezuela (AFP)
US Deploying Carrier, Bombers To Middle East To ‘Deter Iran’ (R.)
US May Review Ties With Countries Deemed Anti-israel (R.)
Engineers Say Boeing Pushed To Limit 737 MAX Safety Testing (ST)
Boeing Knew Of 737 MAX Safety System Glitch Year Before Deadly Crash (AFP)
Bernie Sanders Says Obama’s Presidency An “A+” Compared To Trump (Hill)
Bernie Sanders Calls For Breaking Up Big Agriculture Monopolies (AP)
Climate Change and the Nobel Prize in Economics (Steve Keen)
The End of Ice (IC)

 

 

“..we are now clear what this US extradition case against Assange is all about. This prosecution of Assange and the detainment of Manning are assaults on our conscience.”

The Fight to Defend the Conscience of America (Hayase)

America represented a new land for freedom-loving people around the world to come together in, to form a new union governed not by the King, but by a rule of law. Yet, despite these ideals, America was never a democracy. From the onset, it contained internal contradiction manifested in the genocide of natives, the slavery of blacks and the suppression of women. But the words in the Declaration of Independence were a promise and the Constitution was meant to be its fulfillment. The conscience of ordinary people was a vital link that could fill the gap and create a democracy. Out of conscience springs the power of We the People that could truly perform checks and balances of our government.

When the laws themselves become unjust, conscience reminds us of our duty to break these laws in order to uphold our ideals. In our history, we have seen individuals who fought to keep those words of promise through their acts of civil disobedience. Dr. Martin Luther King, Jr., who demonstrated extraordinary courage for the struggle of Black people to fight against racist laws once said: “Cowardice asks the question, ‘Is it safe?’ Expediency asks the question, ‘Is it politic?’ Vanity asks the question, ‘Is it popular?’ But, conscience asks the question, ‘It it right?’ And there comes a time when one must take a position that is neither safe, nor politic, nor popular, but one must take it because one’s conscience tells one that it is right.”

Decades after the civil rights movement, a young US soldier in her act of delivering information to WikiLeaks, risked her life to carry on this American tradition of civil disobedience. As a consequence, she was sentenced to 35 years in prison and served seven years until her sentence was commuted in 2017. Now, by refusing to testify against a publisher at a secret grand jury targeting WikiLeaks, she is once again sent back to jail. After having witnessed Manning confessing her role as the WikiLeaks whistleblower at her court-martial, the late attorney Michael Ratner acknowledged how locking her up “for even a day is to lock up the conscience of our nation”. [..] So, we are now clear what this US extradition case against Assange is all about. This prosecution of Assange and the detainment of Manning are assaults on our conscience.

Read more …

Someone find a toilet to flush that woman through.

Bolton and Pompeo, Rachel Maddow’s Latest Resistance Heroes (ZH)

This is were three years of failed Russiagate conspiracy theorizing and fixation leads you — into the arms of fanatical endless war proponent John Bolton: “John Bolton God bless you, good luck..” one can now hear on “resistance” network MSNBC prime time. MSNBC’s Rachel Maddow is now championing neocon national security adviser John Bolton’s “humanity” given he apparently went loose cannon this past week, vowing to confront Russia over Venezuela even as his boss President Trump downplayed Moscow’s role in the crisis after a Friday phone call with Putin. “This is what John Bolton, human being, thought his job was this week,” Maddow said on her show Friday night.

Both Pompeo and Bolton had clearly gone a bit rogue with their overly bellicose Venezuela comments, while Trump appeared to be more restrained — and for Maddow this was of course cause for championing the neocon interventionist line: “Hey, John Bolton, hey, Mike Pompeo, are you guys enjoying your jobs right now?” she questioned. On Friday Trump had said following the phone call, Putin is “not looking at all to get involved in Venezuela other than he’d like to see something positive happen in Venezuela, and I feel the same way.” Maddow, who once prided herself on slamming and deconstructing Bush-era regime change wars, now finds Trump not jingoistic enough. She stridently questioned:

“How do you come to work anymore if you’re John Bolton? Right, regardless of what you thought about John Bolton before this, his whole career and his track record, I mean, just think of John Bolton as a human being. This is what John Bolton, human being, thought his job was this week.” She further cut to a clip of Bolton criticizing Russia’s alleged military involvement in Venezuela to prop up Maduro, because apparently uber-hawk Bolton is now a “fearless truth-teller” in Maddow’s world. “You thought that was your job,” Maddow said. “But it turns out not at all, not after Vladimir Putin gets done with President Trump today.”

Read more …

He’s just trolling them now: “No redos for the Dems!”

Trump Says Mueller Should Not Testify Before Congress (Ind.)

Donald Trump has urged Special Counsel Robert Mueller not to testify to the US Congress about his report on Russian interference in the 2016 election. The president’s latest comments arrived after he said he would not allow former White House counsel Don McGahn – a prominent figure in the special counsel’s nearly 400-page report – to testify to the House as it continues probing election interference and the Trump campaign’s interactions with Russian operatives. “After spending more than $35,000,000 over a two year period, interviewing 500 people, using 18 Trump Hating Angry Democrats & 49 FBI Agents – all culminating in a more than 400 page Report showing NO COLLUSION – why would the Democrats in Congress now need Robert Mueller to testify,” Mr Trump said in a tweet.


“Are they looking for a redo because they hated seeing the strong NO COLLUSION conclusion?” he continued. “There was no crime, except on the other side (incredibly not covered in the Report), and NO OBSTRUCTION. Bob Mueller should not testify. No redos for the Dems!” The special counsel’s report found numerous examples of potential obstruction of justice on the part of the president, including instances in which he asked Mr McGahn to fire Mr Mueller after his appointment in 2017.

Read more …

“Barr has known Mueller for nearly 30 years..”

It’s Mueller’s team, not the man himself, who have added the “confusion”.

Still wondering at what point the Dems are really going to turn against Mueller.

The Big Lie That Barr Lied (McCarthy)

Barr has known Mueller for nearly 30 years; when Mueller was the Criminal Division chief in the Bush 41 Justice Department, he reported to Barr, who was attorney general. It should come as no surprise, then, that Barr was not getting his information from Mueller’s staff; he was getting it from Mueller directly. Nor should it come as any surprise that, before releasing his March 24 letter to the public, Barr gave Mueller an opportunity to review it; nor that Mueller declined that opportunity — given that he knows Barr well, and knew Barr would not misrepresent the report (especially given that the report would soon be public).

Three days after Barr announced the report’s conclusions, Mueller sent his letter, undoubtedly written by his staff. Mueller could simply have called Barr on the phone, as he has done a million times; but the staff’s partisan Democrats wanted a letter, which makes for much better leak material. (The letter was, in fact, strategically leaked to the Washington Post Tuesday night, right before Barr’s Wednesday morning Senate testimony.) The day after receiving Mueller’s March 27 letter, Barr called Mueller and pointedly asked whether he was claiming that Barr’s March 24 letter articulating Mueller’s findings was inaccurate. Mueller responded that he was making no such claim — he was, instead, irritated by the press coverage of Barr’s letter.

Mueller suggested the publication of additional information from the report, including the report’s own executive summaries, to explain more about why he decided not to resolve the obstruction issue. But he did not claim Barr had misrepresented his findings. Again, Barr’s contact was with Mueller, not Mueller’s team. His exchanges with Mueller gave Barr no basis to know about any objection to his description of the report’s findings — from Mueller or anyone else. The fact that Mueller’s staff was leaking like a sieve to the Times, the Washington Post, and NBC News does not mean they were sharing with the attorney general what the Times described as “their simmering frustrations.” That is what Barr said in answer to Crist’s question about the report’s findings. But to avoid the misimpression that he was parsing words deceptively, Barr volunteered his perception that Mueller’s staff wanted more information from the report to be publicized.

Read more …

Xi can’t afford to lose face.

Trump Says 10% China Tariff Rising To 25% On Friday (ZH)

So much for months and months of constant leaks, headlines, tweets, and press reports that US-China trade talks are going great, and are imminent amid an ocean of “optimism” (meant solely to sucker in amateurs into the most obvious bull headfake since 1987). Just after noon on Sunday, President Trump tweeted that 10% tariffs paid by China on $200 billion in goods will rise to 25% on Friday, and that – contrary to what he himself and his chief economist, Larry Kudlow has said for months, talks on a trade deal have been going too slowly. And, just to underscore his point, Trump also threatened to impose 25% tariffs on an additional $325 billion of Chinese goods “shortly.”


With the tariff rate on numerous goods originally set at 10% and set to more than double in 2019, Trump postponed that decision after China and the US agreed to sit down for trade talks; following Trump’s tweet it is now confirmed that trade talks have hit an impasse and that escalation will be needed to break the stalemate. It was as recently as Friday that Vice President Mike Pence told CNBC that Trump remained hopeful that he could strike a deal with China (at the same time as he was urging for a rate cut from the Fed). Curiously, on Wednesday, the White House – clearly hoping to sucker in even more naive bulls to buy stocks at all time highs – said the latest round of talks had moved Beijing and Washington closer to an agreement. Press secretary Sarah Sanders said, “Discussions remain focused toward making substantial progress on important structural issues and re-balancing the US-China trade relationship.”

Read more …

Pompeo and Lavrov meet this week. The latter is the far superior diplomat.

US, Russia Butt Heads Over Venezuela (AFP)

US Secretary of State Mike Pompeo pressed Sunday for Russia to get out of Venezuela, while his Russian counterpart, Sergei Lavrov, called on Washington to “abandon its irresponsible plans” in the crisis-wracked country. The push and shove set the stage for a Pompeo meeting with Lavrov in Finland this week, and belied the conciliatory tone taken by US President Donald Trump on Friday after what he said was “a very good conversation” with Russian President Vladimir Putin. The top level contacts follow the failure of a US-backed uprising this week aimed at ousting Venezuela’s President Nicolas Maduro, which Pompeo has blamed on Russia.


The secretary has said Maduro had been ready to flee to Havana but the Russians, who had flown military advisers to Caracas to shore up his socialist government, talked him out of it. “The Russians must get out,” Pompeo said in an interview Sunday with ABC’s “This Week.” “I’m going to meet with Foreign Minister Lavrov in recent days. It’s very clear, we want the Russians out, we want the Iranians out, we want the Cubans out. It’s very clear,” he said. Trump undercut Pompeo’s position on Friday, telling reporters that Putin had assured him “he is not looking to get involved in Venezuela other than he’d like to see something positive happen for Venezuela.” “And I feel the same way,” Trump added.

Read more …

So after that complete failure in Venezuela, they turn against a country they could never defeat even in the best of times. Putin and Xi will tell them all about it.

US Deploying Carrier, Bombers To Middle East To ‘Deter Iran’ (R.)

The Trump administration is deploying a carrier strike group and bombers to the Middle East in response to troubling “indications and warnings” from Iran and to show the United States will retaliate with “unrelenting force” to any attack, national security adviser John Bolton said on Sunday. With tensions already high between Washington and Tehran, a U.S. official said the deployment has been ordered “as a deterrence to what has been seen as potential preparations by Iranian forces and its proxies that may indicate possible attacks on U.S. forces in the region.”However, the official, speaking on condition of anonymity, said the United States was not expecting any imminent Iranian attack.


Bolton – who has spearheaded an increasingly hawkish U.S. policy on Iran – said the decision, which could exacerbate problems between the two countries, was meant to send a “clear and unmistakable message” of U.S. resolve to Tehran. Though he cited no specific Iranian activities that have raised new concerns, Iran has recently warned it would block the Strait of Hormuz if it was barred from using the strategic waterway. About a fifth of the oil consumed globally passes through the strait. “The United States is not seeking war with the Iranian regime, but we are fully prepared to respond to any attack, whether by proxy, the Islamic Revolutionary Guard Corps or regular Iranian forces,” Bolton said in a statement.

Read more …

And here’s why there’s that new Iran threat.

US May Review Ties With Countries Deemed Anti-israel (R.)

The United States may review its ties with countries it deems as being anti-Israel after what a U.S. envoy said on Sunday was a shift in policy toward equating anti-Zionism with anti-Semitism. U.S. Secretary of State Mike Pompeo said in a March speech that anti-Zionism – opposition to Israel’s existence as a homeland for the Jewish people – was a form of anti-Semitism, or hostility toward Jews, that was on the rise worldwide and that Washington would “fight it relentlessly”. The State Department’s special envoy for monitoring and combating anti-Semitism, Elan Carr, said this U.S. position could spell reviews of ties with foreign governments or leaders.


“The United States is willing to review its relationship with any country, and certainly anti-Semitism on the part of a country with whom we have relations is a deep concern,” he told Reuters during a visit to Israel. “I will be raising that issue in bilateral meetings that I am undertaking all over the world,” he said. “That is something we are going to have frank and candid conversations about – behind closed doors.”

Read more …

This is not a little business dispute. 346 lives were lost because of this.

Engineers Say Boeing Pushed To Limit 737 MAX Safety Testing (ST)

In 2016, as Boeing raced to get the 737 MAX certified by the Federal Aviation Administration (FAA), a senior company engineer whose job was to act on behalf of the FAA balked at Boeing management demands for less stringent testing of the fire-suppression system around the jet’s new LEAP engines. That June he convened a meeting of all the certification engineers in his unit, who collectively agreed with his assessment. Management initially rejected their position, and only after another senior engineer from outside the MAX program intervened did managers finally agree to beef up the testing to a level the engineer could accept, according to two people familiar with the matter. But his insistence on a higher level of safety scrutiny cost Boeing time and money.

Less than a month after his peers had backed him, Boeing abruptly removed him from the program even before conducting the testing he’d advocated. The episode underscores what The Seattle Times found after a review of documents and interviews with more than a dozen current and former Boeing engineers who have been involved in airplane certification in recent years, including on the 737 MAX: Many engineers, employed by Boeing while officially designated to be the FAA’s eyes and ears, faced heavy pressure from Boeing managers to limit safety analysis and testing so the company could meet its schedule and keep down costs.

That pressure increased when the FAA stopped dealing directly with those designated employees — called “Authorized Representatives” or ARs — and let Boeing managers determine what was presented to the regulatory agency. “The ARs have nobody supporting them. Nobody has their backs,” said one former Authorized Representative who worked on the 737 MAX and who provided details of the engineer’s removal from the program. “The system is absolutely broken.”

Read more …

They knew, and still a plane crashed. Then they really knew. But they still let another plane crash. Time to go after these people personally.

Boeing Knew Of 737 MAX Safety System Glitch Year Before Deadly Crash (AFP)

Boeing engineers identified a fault with a pilot warning system on its 737 MAX aircraft in 2017, a year before the deadly Lion Air crash, the company said Sunday. Boeing said that management was unaware of the issue until the crash in Indonesia, which killed 189 people, and the planes were not grounded until after another of the type operated by Ethiopian Airlines went down several months later, leaving a further 157 people dead. According to Boeing, a supposedly standard piece of equipment that tells pilot about disagreements between angle of attack (AOA) indicators – which measure the plane’s angle vis-a-vis oncoming air to warn of impending stalls – did not in fact activate unless an additional optional indicator was purchased by airlines.


That left airlines that did not buy the optional indicator – including both Lion Air and Ethiopian Airlines – without the safety feature. Faulty angle of attack indicator information may have played a role in both of the deadly crashes, causing the 737 MAX anti-stall system to unnecessarily activate and push the nose down toward the ground even as pilots fought to maintain altitude. “In 2017, within several months after beginning 737 MAX deliveries, engineers at Boeing identified that the 737 MAX display system software did not correctly meet the AOA Disagree alert requirements,” the aircraft manufacturer said in a statement.

Read more …

Bye bye Bernie, we hardly knew ya.

Sarah Abdallah has this covered: ”Obama gets an “A+” for bombing #Libya to smithereens and turning what was once Africa’s most prosperous country into a balkanized, failed state now ruled by jihadists who sell Black Africans in open air slave markets.”

Bernie Sanders Says Obama’s Presidency An “A+” Compared To Trump (Hill)

Sen. Bernie Sanders (I-Vt.), a 2020 presidential contender, said Sunday that he wouldn’t give former President Barack Obama a “grade” on his presidency. Speaking to ABC News’s “This Week” host Jon Karl, Sanders conceded that Obama gets an “A+” in his book compared to President Trump. “Barack Obama was a very, very good president,” Sanders said. “What grade would you give him?” Karl asked. “I’m not going to give him a grade,” the Vermont senator continued. “Compared to the guy you have in the White House now, I’ll give him an A+.” Karl then noted that Trump and Republicans have expressed eagerness to run against Sanders and his ideology as a socialist, and asked Sanders if it was time for him to “disavow that label.”


“Anytime you do things for the people and you stand up to the wealthy and powerful, you’ll be labeled this that and the other thing,” Sanders said. “All of the issues that we have talked about, these are ideas that in one form or another are in fact supported by the American people.” Polls have repeatedly showed Sanders, who lost the Democratic presidential nomination to Hillary Clinton in 2016, as a front-runner in the 2020 race. He is expected to go head-to-head with Obama’s former Vice President Joe Biden, who has worked to tie himself closely to the former president since launching his campaign.

Read more …

After the arms industry, Big Ag is the biggest power block.

Bernie Sanders Calls For Breaking Up Big Agriculture Monopolies (AP)

Democratic presidential candidate Bernie Sanders on Sunday proposed a sweeping agriculture and rural investment plan to break up big agriculture monopolies and shift farm subsidies toward small family farmers. “I think a farmer that produces the food we eat may be almost as important as some crook on Wall Street who destroys the economy,” Sanders said during a campaign event in Osage, a town of fewer than 4,000 people. “Those of us who come from rural America have nothing to be ashamed about, and the time is long overdue for us to stand up and fight for our way of life.” Sanders’ plan expands on themes that have been central to his presidential campaign in Iowa since the start, including his emphasis on rural America and pledge to take on and break up big corporations.

During his Sunday speech, Sanders outlined the dire circumstances confronting rural America — population decline, school and hospital closures and rising addiction and suicide rates in many rural counties nationwide — as the impetus for his policy. His plan includes a number of antitrust proposals, including breaking up existing agriculture monopolies and placing a moratorium on future mergers by big agriculture companies. He would also ban “vertically integrated” agribusinesses — companies that control multiple levels of production and processing of a product. One of his competitors in the Democratic race, Massachusetts Sen. Elizabeth Warren, included several of those antitrust planks in the agriculture policy she released in March.

But Sanders’ policy is more expansive than just targeting major agriculture corporations — he’s also proposing greater government involvement in setting price controls and managing supply and demand of agriculture commodities. His plan calls for a shift from the current farm subsidy system toward a “parity system,” which means “setting price floors and matching supply with demand so farmers are guaranteed the cost of production and family living expenses.” Critics of the farm bill have argued that the current government subsidy system favors large family farms and corporate farms over small family farms, and Sanders’ policy aims to make that distribution more equal.

Read more …

Don’t think my friend Steve used to talk much about the topic, though a bit more recently, but this is a good find.

Nordhaus got the Fauxbel BECAUSE of his climate change work, and it’s a complete shambles. Who, me, surprised?

Climate Change and the Nobel Prize in Economics (Steve Keen)

The policy action that the Gilet Jaunes oppose, and the policy inaction that Extinction Rebellion deride, are both the products of economists—and most specifically, the economist who was awarded the Nobel Prize in Economics for his work on Climate Change, William Nordhaus. Nordhaus agrees that man-made Climate Change is happening—he is not a “Climate Change Denialist”. However, his research actually encourages policymakers not to take the action that Extinction Rebellion demands, or anything like it. He instead recommends managing Global Warming so that the Earth’s temperature will stabilize at 4 degrees above pre-industrial levels in the mid-22nd century.


Figure 1: Slide 6 in Nordhaus’s 2018 Nobel Prize Lecture (annotated)

Nordhaus also argued that the policy Extinction Rebellion recommends, of restrict Global Warming to 1.5 degrees—even if it is done over the next century, rather than the next six years as Extinction Rebellion demands—would cost the global economy more than 50 trillion US dollars, while yielding benefits of well under US$5 trillion. How is it possible that the optimal temperature for the planet is 4 degrees above pre-industrial levels—and that damages from that level of warming would amount to under 10% of global GDP—when it would also be “catastrophic to all life on Earth”?


Figure 2:Slide 7 in Nordhaus’s 2018 Nobel Prize Lecture

How is it possible that Global Warming of 1.5 degrees would reduce global GDP by a few trillion US dollars—less than 5% of what it would have been in the absence of Global Warming—while the policies to achieve that limit, even if executed over a century rather than just five years, would cost over ten times as much? It isn’t. Instead, either Extinction Rebellion’s claims are vastly overblown, or Nordhaus’s estimates of the economic damages from Global Warming drastically understate the dangers. Both are possible, of course. But categorically, Nordhaus’s estimates of the potential economic damage from Global Warming are nonsense. They are also one of the key reasons why policymakers have not taken the threat seriously. If Extinction Rebellion is going to make policymakers take Climate Change seriously, then one of their first targets must be Nordhaus and his DICE model.

Read more …

So you got this former war reporter saying:

“A willingness to live without hope allows me to accept the heartbreaking truth of our situation, however calamitous it is. Grieving for what is happening to the planet also now brings me gratitude for the smallest, most mundane things..”

But that of course is entirely useless to a teenager.

The End of Ice (IC)

Dahr Jamail’s latest book, “The End of Ice: Bearing Witness and Finding Meaning in the Path of Climate Disruption,” stitches together personal introspection and gut-wrenching interviews with leading climate experts. The rapidly receding glaciers of Denali National Park, home to the highest peak in North America, inspired the book’s title. “Seven years of climbing in Alaska had provided me with a front-row seat from where I could witness the dramatic impact of human-caused climate disruption,” Jamail writes.


With vividly descriptive storytelling, Jamail pushes further north into the Arctic Circle where warming is occurring at double speed. He surveys rapid changes in the Pribilof Islands, where indigenous communities have had to contend with die-offs affecting seabirds, fur seals, fish, and more — a collapsing food web. The story continues in the fragile Great Barrier Reef, utterly ravaged by the warming ocean. South Florida is faring no better: Jamail finds that 2.46 million of the state’s acreage will be submerged within his lifetime. Experts are aghast everywhere Jamail visits. In the Amazon, rich in biodiversity, the consequences are especially enormous.

[..] The threat of looming biosphere apocalypse is deeply troubling, panic-inducing, and this all-encompassing environmental, economic, and spiritual problem leaves one feeling helpless and grief-stricken. “The End of Ice” takes on the full weight of the catastrophe at hand. Jamail carries the reader’s emotional pain by acutely expressing his own. “A willingness to live without hope allows me to accept the heartbreaking truth of our situation, however calamitous it is. Grieving for what is happening to the planet also now brings me gratitude for the smallest, most mundane things,” Jamail explains. “I have found that it’s possible to reach a place of acceptance and inner peace, while enduring the grief and suffering that are inevitable as the biosphere declines.”


“The End of Ice” readers won’t find calls for technology-based solutions, politicians, mitigating emissions, or the Green New Deal to save us. “This global capitalist experiment, this experiment of industrialization and burning fossil fuels rampantly is an utter, abject failure,” Jamail told The Intercept. He believes it is time to start adapting. We should act like the climate crisis has arrived and, most significantly, reconnect to the planet.

Read more …

 

 

Apr 232019
 


Eugène Delacroix Pietà 1837

 

Donald Trump Plans State Visit To UK In June (G.)
House Democrats Subpoena Ex-White House Counsel (G.)
The Nervous Here and Now (Kunstler)
Chelsea Manning To Stay In Jail After Federal Court Rejects Appeal (RT)
The Trump Administration’s Iran Policy Will Hasten Imperial Decline (Krieger)
When the Non-Rational Trumps the Rational (Crooke)
Lower Mortgage Rates No Relief for US Home Sales (WS)
Greece Will Demand Germany Pay $337 Billion For Nazi Occupation (SCMP)
Electric Vehicles Account For More CO2 Emissions Than Diesel Ones (BT)
‘Catastrophic’ Decline Threatening The Earth (NZH)

 

 

Excuse me, but do those protesting this not see many of their own MPs are at least as bad?

Bercow: “..our opposition to racism and to sexism and our support for equality before the law..” Have you followed May’s career at all, Mr. Speaker? Windrush, Hostile Environment?

Clean your own house first. Until you do, this is just cheap propaganda.

Donald Trump Plans State Visit To UK In June (G.)

Donald Trump’s postponed state visit to the UK is due to take place in June, it will be confirmed on Tuesday, prompting renewed calls for protests against the trip. Buckingham Palace is due to announce the visit will be timed to coincide with the 75th anniversary of the D-day landings on 6 June, the Guardian understands. The move has renewed controversy over Theresa May’s decision to invite Trump for a full state visit when she met the president shortly after he took office. State visits are formal trip for heads of state involving considerable ceremony and time with the Queen. The invitation was extended by May when she became the first overseas leader to visit Trump in the White House after his inauguration.


When Trump travelled to the UK on an official but non-state visit in July 2018, tens of thousands of people took to the streets to protest and a four-metre-high orange Trump baby blimp was floated above Parliament Square. The policing operation for the visit cost an estimated £18m. The prospect of Trump being granted the honour of a carriage ride down the Mall appalls many MPs. It is unusual for a state visit to be announced at such short notice, and details of the visit have yet to be finalised with fewer than six weeks to go. It is unclear if Trump will be be invited, or allowed, to address to both houses of parliament. In February 2017, the Speaker John Bercow, said Trump should not be allowed to speak to parliament. He said: “I feel very strongly that our opposition to racism and to sexism and our support for equality before the law and an independent judiciary are hugely important considerations in the House of Commons.”

Read more …

I think we call this the Completion Backward Principle. First talk impeachment, then try and find evidence.

“I do think, if proven – which hasn’t been proven yet – if proven, some of this would be impeachable, yes,” Nadler said..”

House Democrats Subpoena Ex-White House Counsel (G.)

The Democratic chairman of the House judiciary committee has issued a subpoena ordering that the former White House counsel Don McGahn testify before Congress. The move came as the House speaker, Nancy Pelosi, vowed to hold Donald Trump to account following the release of Robert Mueller’s report on Russian influence on the 2016 US election. The subpoena, issued on Monday, escalates the congressional investigations into Trump, his finances and accusations that he sought to obstruct justice, as Democrats debate how to proceed with the evidence contained in the special counsel’s 448-page report. McGahn cooperated extensively in the special counsel’s investigation and emerged as a key witness in several incidents at the heart of whether Trump obstructed justice.

“The special counsel’s report, even in redacted form, outlines substantial evidence that President Trump engaged in obstruction and other abuses,” said Jerry Nadler, the chairman of the House judiciary committee, which has the power to launch impeachment proceedings. [..] This is the second subpoena issued by Nadler since the release of the report: on Friday he demanded that the justice department turn over an unredacted version of the report as well as the underlying evidence by 1 May, when the attorney general, William Barr, is due to testify before Congress. Nadler, a New York Democrat, has also invited Mueller to testify before his committee next month. Republican congressman Doug Collins, the ranking member of the House judiciary committee, called the subpoenas “premature” and criticized Democrats for seeking delicate information that the justice department believes should remain confidential.

“Instead of looking at material that Attorney General Barr has already made available, Democrats prefer to demand more documents they know are subject to constitutional and common-law privileges and can’t be produced,” he said. Barr offered to brief a select, bipartisan group of lawmakers on a version of the report that was less redacted than the copy made public. Democrats refused the offer arguing that Congress is entitled to the full, unredacted report. Trump has maintained that the report represents a “total exoneration” and has insisted repeatedly that there are no grounds for impeachment. After the subpoena was issued, he tweeted: “PRESIDENTIAL HARASSMENT.”

This weekend, senior Democrats blanketed TV talkshows and refused to rule out impeachment. However, they remained firm that there was more to investigate before making a final determination. “I do think, if proven – which hasn’t been proven yet – if proven, some of this would be impeachable, yes,” Nadler said NBC’s Meet the Press on Sunday. “Obstruction of justice, if proven, would be impeachable.” [..] Nancy Pelosi cautioned Democrats against hastily moving toward impeachment, making clear that their immediate focus would be on investigating the president and that those inquiries would guide their actions. “This isn’t about Democrats or Republicans,” Pelosi told her colleagues, according to multiple officials on the call. “It’s about saving our democracy.”

Read more …

“These internal problems of the USA point in the direction of states and whole regions stealthily seceding from a federal system that can’t run itself competently at scale anymore.”

The Nervous Here and Now (Kunstler)

Before we get to Medicare-for-all, I’d like to see congress pass one simple law requiring all medical service “providers” in the land to publicly post the price of all their services, from the cost of heart transplants down to those $90 Tylenols they dispense. Let’s see how that affects the lawless hocus-pocus of insurance companies “negotiating” their payments with the medical corporatocracy before we go whole-hog for a nationalized health service. The colleges have already destroyed themselves intellectually, and thereby the value of their overpriced credentialing services. The smaller colleges are already folding, and many more will follow now until higher education becomes a boutique industry.

The pension funds are truly big, ominous bombs, because when they fail, they will set up unresolvable fiscal problems that will turn ugly and political. Even if the federal government attempts some kind of “one-time” bail-out, it will not solve the embedded Ponzi problem of a system that has to pay off an ever-expanding pool of claims with an ever-diminishing stream of revenue. It will only be another swipe of the blade cutting off the legs of the US dollar so that it in end every pensioner will receive his-or-her promised payout in dollars that are increasingly worthless. We may even discover that the opioid epidemic has been the only thing keeping the immiserated denizens of Flyover-land from resorting to violent insurrection.

These internal problems of the USA point in the direction of states and whole regions stealthily seceding from a federal system that can’t run itself competently at scale anymore. The process has already begun in such acts of defiance as “sanctuary states” and the burgeoning marijuana industry. Unlike the calamity of 1861, though, there may be no way to even attempt to hold the old Union together, even by force. Instead, as is the case with all foundering empires, the end will be a sickening slide into a new and strange disposition of things. One of the last successful acts of the American empire may be to send the RussiaGate instigators to jail.

Read more …

Evil empire. Meanwhile, Assange has been in max security prison for 2 weeks with no access to anyone, including his lawyers. For violating his bail?!

Your governments have set out to break your brightest and bravest. Where are you?

Chelsea Manning To Stay In Jail After Federal Court Rejects Appeal (RT)

A federal appeals court has struck down whistleblower Chelsea Manning’s bid to be released from jail, where she has been held indefinitely after refusing to testify to a grand jury probe into WikiLeaks. Judges from the 4th US Circuit Court of Appeals reaffirmed the charges against Manning on Monday and denied her request to be released. “The court finds no error in the district court’s rulings and affirms its finding of civil contempt,” the court said in its decision. “The court also denies appellant’s motion for release on bail.” Manning is likely to pursue further appeals. Manning was arrested in March when she refused to provide grand jury testimony related to her disclosures of classified material in 2010 and her interactions with WikiLeaks founder Julian Assange.


She is to be held for the duration of the grand jury, or until she agrees to answer prosecutors’ questions. She has been in jail for 45 days. Assange was arrested in London on April 11, after spending nearly seven years in Ecuador’s embassy there. The court hearing on his extradition to the US is scheduled for May 2. Manning’s lawyers argue her rights were violated by the grand jury proceedings, and that federal prosecutors used a subpoena to “entrap” her. The lawyers added that Manning had already given authorities all the information she had during her previous court-martial investigation, and that her confinement is needlessly cruel, as the jail cannot provide proper medical care.

Read more …

An empire in decline always emphasizes loudest that it’s an empire. At its heyday, it doesn’t have to; it’s understood.

“The U.S. is telling China, the second largest economy in the world and home to over one billion people, that it lacks the sovereign authority to buy oil from Iran if it so desires.”

The Trump Administration’s Iran Policy Will Hasten Imperial Decline (Krieger)

A primary focus of my writing of late centers around the idea that the policies of the Trump administration, and the neocons in control of it, will hasten the decline of U.S. imperial power and more rapidly usher in a multi-polar (and possibly bifurcated) world. Today’s news regarding the elimination of waivers on Iranian oil imports provides another perfect example. Specifically, Secretary of State Mike Pompeo announced earlier today that waivers which allowed eight countries to import Iranian crude oil without being subject to U.S. sanctions would expire on May 2 without extension. The eight countries included are China, India, Turkey, South Korea, Japan, Greece, Italy and Taiwan.

This move is an extraordinarily foolish and reckless act which illustrates the extreme hubris and short-sightedness of those running American foreign policy under Trump. What the U.S. is decreeing to the entire world with this action is that the U.S., and the U.S. alone, decides who gets to trade with who. The U.S. is telling China, the second largest economy in the world and home to over one billion people, that it lacks the sovereign authority to buy oil from Iran if it so desires. If the U.S. can unilaterally play boss on the trade decisions of foreign countries, national sovereignty does not exist in practice anywhere on the planet. There is only empire.

As such, this goes beyond aggressive foreign policy. It’s more or less an assertion by the Trump administration that the world is in fact a global dictatorship run by a single nation (empire) that has granted itself the authority to arbitrarily decide which countries get to participate in global trade, and which ones do not. Now that the true nature of U.S. power is so completely out in the open, countries will have to decide to either bend the knee or resist, which seems to be the point. What do you think China’s going to do?

Read more …

Religious extremism in a declining empire. Read your history.

When the Non-Rational Trumps the Rational (Crooke)

Professor of Religious Studies, Andrew Chesnut tells us that Christian Zionism has become the “majority theology” among white US Evangelicals. In a 2015 poll, 73% of evangelical Christians said events in Israel are prophesied in the Book of Revelation. For Christian Zionists, achieving a ‘Greater Israel’ is one of the key preconditions for ‘Rapture’. It is a belief, known as pre-millennial dispensationalism or Christian Zionism, Chesnut says. “Trump himself embodies the very opposite of a pious Christian ideal. Trump is not a churchgoer. He is profane, twice divorced, who has boasted of sexually assaulting women. But white evangelicals have embraced him, writes Julian Borger.

“Some leading evangelicals see Trump as a latter-day King Cyrus, the sixth-century BC Persian emperor who liberated the Jews from Babylonian captivity. The comparison is made explicitly in The Trump Prophecy, a religious film screened in 1,200 cinemas [last year], depicting a retired firefighter who claims to have heard God’s voice, saying: “I’ve chosen this man, Donald Trump, for such a time as this … “Cyrus is the model for a nonbeliever, being appointed by God as a vessel for the purposes of the faithful,” said Katherine Stewart, who writes extensively about the Christian right. She added that they welcome [Trump’s] readiness to break democratic norms, to combat perceived threats to their values and way of life.

Mike Pompeo and Vice-President Pence are strongly of this Evangelical orientation. It is something that has real import for foreign policy: During his tenure as CIA director, and before that as a member of the House of Representatives, Pompeo has consistently used language that casts the war on terrorism as a cosmic, divine battle of good and evil. He has referred to Islamic terrorists as destined to “continue to press against us until we make sure that we pray, and stand and fight, and make sure that we know that Jesus Christ is our savior, and is truly the only solution for our world”. The proscription of Iran’s IRGC, by Pompeo was couched in exactly this language of terrorism, with the clear connotation that Iran is the cosmic ‘evil’. This style of Apocalyptic or Rapture language has been adopted wholesale by Trump, and his Administration.

Read more …

The Fed should have stayed away from -mortgage- rates. It has now guaranteed uncontrolled demolition.

Lower Mortgage Rates No Relief for US Home Sales (WS)

Across the US, hot and cold housing markets all thrown into one bucket: Sales of “existing homes” (single-family houses, townhouses, condos, and co-ops) in March dropped 5.4% from March last year, to a seasonally adjusted annual rate of 5.21 million homes, according to the National Association of Realtors, after having dropped 2.3% year-over-year in February, 8.7% in January, 10.1% in December, and 8.9% in November (data via YCharts):

“The impact of lower mortgage rates has not yet been fully realized,” the NAR report said, as the drop in sales volume is occurring despite the fact that mortgage rates had fallen sharply from the November highs. “According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased to 4.27% in March from 4.37% in February,” the report said. The average Freddie Mac 30-year fixed rate bottomed out in the reporting week ended March 28 at 4.06%, the lowest since January 2018, and down from 4.94% in November. But it has since risen every week. For the week ending April 18, it ticked up to a still low 4.17%:

[..] “The lower-end market is hot while the upper-end market is not,” according to the NAR report. “The expensive home market will experience challenges due to the curtailment of tax deductions of mortgage interest payments and property taxes.” Alas, in many markets, even the “lower end,” after years of price surges, has become very expensive. So, with all markets across the US thrown into one bucket, the median price in March rose 3.8% from March last year to $259,400. Prices are subject to seasonality, as the chart below shows. Median price means half the homes sold for more, and half sold for less:

Read more …

“For matters of this kind there is international justice,” he said. “In all disputes the EU abides by it, on principle. Germany may say it has been resolved but what counts is international law.”

Greece Will Demand Germany Pay $337 Billion For Nazi Occupation (SCMP)

Greece is poised to send Germany a formal diplomatic note detailing its demand for billions of euros in wartime reparations after MPs voted overwhelmingly for the emotive issue to be raised officially. In a move bound to stir sentiment ahead of crucial European parliament elections, Athens vowed to pile pressure on Berlin, taking legal and diplomatic steps that will throw the spotlight on crimes committed during the brutal Nazi occupation. “It is an open issue that must be resolved,” Greece’s deputy foreign minister, Markos Bolaris, told The Guardian, hitting back at German insistence that compensation claims had been conclusively settled.


“For matters of this kind there is international justice,” he said. “In all disputes the EU abides by it, on principle. Germany may say it has been resolved but what counts is international law.” Greeks suffered hugely at the hands of Hitler’s forces, enduring what Germany’s president, Frank-Walter Steinmeier, recently described on a visit to Greece as “unimaginable” horrors. Tens of thousands were killed in reprisals as Greeks mounted what historians would later hail as a heroic resistance against the Wehrmacht [German army], with entire villages being wiped out between 1941 and 1944. By the time the occupation ended, an estimated 300,000 people had died from famine and the country’s Jewish community had been almost entirely obliterated.

Read more …

All energy use produces waste. The only way to prevent this is not using the energy.

Electric Vehicles Account For More CO2 Emissions Than Diesel Ones (BT)

Electric vehicles in Germany account for more CO2 emissions than diesel ones, according to a study by German scientists. When CO2 emissions linked to the production of batteries and the German energy mix – in which coal still plays an important role – are taken into consideration, electric vehicles emit 11% to 28% more than their diesel counterparts, according to the study, presented on Wednesday at the Ifo Institute in Munich. Mining and processing the lithium, cobalt and manganese used for batteries consume a great deal of energy. A Tesla Model 3 battery, for example, represents between 11 and 15 tonnes of CO2. Given a lifetime of 10 years and an annual travel distance of 15,000 kilometres, this translates into 73 to 98 grams of CO2 per kilometre, scientists Christoph Buchal, Hans-Dieter Karl and Hans-Werner Sinn noted in their study.


The CO2 given off to produce the electricity that powers such vehicles also needs to be factored in, they say. When all these factors are considered, each Tesla emits 156 to 180 grams of CO2 per kilometre, which is more than a comparable diesel vehicle produced by the German company Mercedes, for example. The German researchers therefore take issue with the fact that European officials view electric vehicles as zero-emission ones. They note further that the EU target of 59 grams of CO2 per km by 2030 corresponds to a “technically unrealistic” consumption of 2.2 litres of diesel or 2.6 litres of gas per 100 kms.

Read more …

“Population extinctions, however, are a prelude to species extinctions, so Earth’s sixth mass extinction episode has proceeded further than most assume.”

‘Catastrophic’ Decline Threatening The Earth (NZH)

They’re the things that often bug us the most — quite literally. But with warnings insects could disappear within the century, suddenly the critters we first think to squish have made us think differently. A global scientific review of insect decline has warned insects will “go down the path of extinction” in a few decades, with “catastrophic” repercussions for the planet’s ecosystems. The biodiversity crisis is said to be even deeper than that of climate change, reports news.com.au. Scientists have already warned the earth’s sixth mass extinction event is under way through biological annihilation. “Earth’s sixth mass extinction is more severe than perceived when looking exclusively at species extinctions,” researchers wrote in 2017.


They said decimation needed to be addressed immediately. “Earth’s sixth mass extinction is more severe than perceived when looking exclusively at species extinctions. “Population extinctions, however, are a prelude to species extinctions, so Earth’s sixth mass extinction episode has proceeded further than most assume. “The massive loss of populations is already damaging the services ecosystems provide to civilisation. When considering this frightening assault on the foundations of human civilisation, one must never forget that Earth’s capacity to support life, including human life, has been shaped by life itself.”


Dragonflies are a protective and resilient insect. Photo / Getty Images

Read more …

You’re on Earth.

There’s no cure for that.

– Samuel Beckett

 

 

Apr 132019
 
 April 13, 2019  Posted by at 9:30 am Finance Tagged with: , , , , , , , , , , ,  


Pablo Picasso Standing nude 1928

 

The Assange Arrest Is a Warning From History (John Pilger)
The 7 Years Of Lies About Assange Won’t Stop Now (Cook)
UK MPs Want Assange Extradited To Sweden (G.)
Labour Urges PM To Block Julian Assange Extradition To US (G.)
Assange’s ‘Conspiracy’ to Expose War Crimes Has Already Been Punished (Fair)
Cascading Cat Litter (Jim Kunstler)
Is Julian Assange Another Pentagon Papers case? (Alan Dershowitz)
Facebook Removes Page of Rafael Correa on Same Day as Assange’s Arrest (MU)
Second Brexit Referendum Vote ‘Very Likely’ – Philip Hammond (Ind.)
What Went Wrong With Pensions And Why The Whole World Must Be Worried (Rubino)
Italy’s Fiscal Health Is Once Again In Serious Decline (DQ)
Uber Discloses 3-Yr $10-Billion Loss from Operations (WS)

 

 

“Imagine Tony Blair dragged from his multi-million pound Georgian home in Connaught Square, London, in handcuffs [..] Blair’s “paramount crime” is the deaths of a million Iraqis.”

The Assange Arrest Is a Warning From History (John Pilger)

The glimpse of Julian Assange being dragged from the Ecuadorean embassy in London is an emblem of the times. Might against right. Muscle against the law. Indecency against courage. Six policemen manhandled a sick journalist, his eyes wincing against his first natural light in almost seven years. That this outrage happened in the heart of London, in the land of Magna Carta, ought to shame and anger all who fear for “democratic” societies. Assange is a political refugee protected by international law, the recipient of asylum under a strict covenant to which Britain is a signatory. The United Nations made this clear in the legal ruling of its Working Party on Arbitrary Detention.

But to hell with that. Let the thugs go in. Directed by the quasi fascists in Trump’s Washington, in league with Ecuador’s Lenin Moreno, a Latin American Judas and liar seeking to disguise his rancid regime, the British elite abandoned its last imperial myth: that of fairness and justice. Imagine Tony Blair dragged from his multi-million pound Georgian home in Connaught Square, London, in handcuffs, for onward dispatch to the dock in The Hague. By the standard of Nuremberg, Blair’s “paramount crime” is the deaths of a million Iraqis. Assange’s crime is journalism: holding the rapacious to account, exposing their lies and empowering people all over the world with truth.

The shocking arrest of Assange carries a warning for all who, as Oscar Wilde wrote, “sew the seeds of discontent [without which] there would be no advance towards civilisation”. The warning is explicit towards journalists. What happened to the founder and editor of WikiLeaks can happen to you on a newspaper, you in a TV studio, you on radio, you running a podcast. Assange’s principal media tormentor, the Guardian, a collaborator with the secret state, displayed its nervousness this week with an editorial that scaled new weasel heights. The Guardian has exploited the work of Assange and WikiLeaks in what its previous editor called “the greatest scoop of the last 30 years”. The paper creamed off WikiLeaks’ revelations and claimed the accolades and riches that came with them.

With not a penny going to Julian Assange or to WikiLeaks, a hyped Guardian book led to a lucrative Hollywood movie. The book’s authors, Luke Harding and David Leigh, turned on their source, abused him and disclosed the secret password Assange had given the paper in confidence, which was designed to protect a digital file containing leaked US embassy cables. With Assange now trapped in the Ecuadorean embassy, Harding joined the police outside and gloated on his blog that “Scotland Yard may get the last laugh”. The Guardian has since published a series of falsehoods about Assange, not least a discredited claim that a group of Russians and Trump’s man, Paul Manafort, had visited Assange in the embassy. The meetings never happened; it was fake.

Read more …

We just get more. But it’s what NOT being said that reveals more.

The 7 Years Of Lies About Assange Won’t Stop Now (Cook)

For seven years, from the moment Julian Assange first sought refuge in the Ecuadorean embassy in London, they have been telling us we were wrong, that we were paranoid conspiracy theorists. We were told there was no real threat of Assange’s extradition to the United States, that it was all in our fevered imaginations. For seven years, we have had to listen to a chorus of journalists, politicians and “experts” telling us that Assange was nothing more than a fugitive from justice, and that the British and Swedish legal systems could be relied on to handle his case in full accordance with the law. Barely a “mainstream” voice was raised in his defence in all that time.

From the moment he sought asylum, Assange was cast as an outlaw. His work as the founder of Wikileaks – a digital platform that for the first time in history gave ordinary people a glimpse into the darkest recesses of the most secure vaults in the deepest of Deep States – was erased from the record. Assange was reduced from one of the few towering figures of our time – a man who will have a central place in history books, if we as a species live long enough to write those books – to nothing more than a sex pest, and a scruffy bail-skipper. The political and media class crafted a narrative of half-truths about the sex charges Assange was under investigation for in Sweden.

They overlooked the fact that Assange had been allowed to leave Sweden by the original investigator, who dropped the inquiry, only for it to be revived by another investigator with a well-documented political agenda. They failed to mention that Assange was always willing to be questioned by Swedish prosecutors in London, as had occurred in dozens of other cases involving extradition proceedings to Sweden. It was almost as if Swedish officials did not want to test the evidence they claimed to have in their possession. [..] It was a freedom of information request by an ally of Assange, not a media outlet, that unearthed documents showing that Swedish investigators had, in fact, wanted to drop the case against Assange back in 2013. The UK, however, insisted that they carry on with the charade so that Assange could remain locked up. A British official emailed the Swedes: “Don’t you dare get cold feet!!!”

Read more …

There’s some confusion here. Some say because Sweden dropped charges, the US is now first in line. Others deny this.

UK MPs Want Assange Extradited To Sweden (G.)

Political pressure is mounting on Sajid Javid to prioritise action that would allow Julian Assange to be extradited to Sweden, amid concerns that US charges relating to Wikileaks’ activities risked overshadowing longstanding allegations of rape. More than 70 MPs and peers have written to Javid and the shadow home secretary, Diane Abbott, urging them to focus attention on the earlier Swedish investigations that Assange would face should the case be resumed at the alleged victim’s request.


In a letter coordinated by Labour’s Stella Creasy and Jess Phillips and seen by the Guardian, the MPs declare: “We do not presume guilt, of course, but we believe due process should be followed and the [Swedish] complainant should see justice be done.” They call on Javid and Abbott to “champion action” to ensure that extradition is a possibility should Swedish authorities choose to pursue it. Assange first entered the Ecuadorian embassy in 2012 in order to avoid extradition to Sweden over sexual assault allegations, which he has always denied. While the statute of limitations on one of the allegations has expired, the other will not be reached until August 2020.

Read more …

May did it before in 2012, but I understand laws have changed since. Labour better make sure that block counts.

Labour Urges PM To Block Julian Assange Extradition To US (G.)

The shadow home secretary, Diane Abbott, has urged Theresa May to block the extradition of Julian Assange to the US in the same way she intervened in the case of the computer hacker Gary McKinnon. In 2012, as home secretary, May halted McKinnon’s extradition on human rights grounds after doctors warned he was at risk of suicide if sent to face trial in the US. Abbott said similar grounds should be used to block Assange’s extradition. On Thursday, the Wikileaks founder was arrested on behalf of the US authorities, who have charged him with involvement in a computer hacking conspiracy.

The 47-year-old faces up to 12 months in a British prison after he was found guilty of breaching his bail conditions. The US charge could attract a maximum jail sentence of five years, according to the US Department of Justice. Speaking on BBC Radio 4’s Today programme on Friday, Abbott said: “If you remember the Gary McKinnon case, the Americans insisted on extraditing him. He had done this massive computer hack, but his real crime was to have embarrassed the American military and security service. “In the end the then home secretary, Theresa May, blocked his extradition on what she said were human rights grounds. We think there may be human rights grounds in relation to Assange.”

Abbott described the allegations facing Assange from two women in Sweden as “serious”, but said charges were never brought. She said: “If the Swedish government wants to come forward with those charges I believe that Assange should face the criminal justice system.” But she added: “It is not the rape charges, serious as they are, it is about WikiLeaks and all of that embarrassing information about the activities of the American military and security services that was made public. “He is at the very least a whistleblower and much of the information that he brought into the public domain, it could be argued, was very much in the public interest.”

[..] “It is this whistleblowing into illegal wars, mass murder, murder of civilians and corruption on a grand scale, that has put Julian Assange in the crosshairs of the US administration. “It is for this reason that they have once more issued an extradition warrant against Mr Assange.” In response, the home secretary, Sajid Javid, said: “Why is it whenever someone has a track record of undermining the UK and our allies and the values we stand for, you can almost guarantee that the leadership of the party opposite will support those who intend to do us harm? You can always guarantee that from the party opposite.”

Read more …

“The point of journalism is to expose horrific crimes like this so that the powerful people who order them pay legal consequences, not the ones who expose them.”

Assange’s ‘Conspiracy’ to Expose War Crimes Has Already Been Punished (Fair)

In 2010, the Guardian, like the New York Times and a few other corporate newspapers, briefly partnered with WikiLeaks to publish the contents of thousands of confidential US diplomatic cables, known as Cablegate. That year, WikiLeaks released other confidential US government information as well: the Afghanistan War Logs, the Iraq War Logs, the infamous “Collateral Murder” video. The material exposed atrocities perpetrated by the US military, as well as other disgraceful acts—like US diplomats strategizing on how to undermine elected governments out of favor with Washington, spying on official US allies and bullying poor countries into paying wildly exorbitant prices for life-saving drugs.

One US soldier involved in the “collateral murder” airstrike that Manning and Assange exposed, Ethan McCord, was threatened and reprimanded by a superior officer for requesting psychiatric help after the atrocity. (“Get the sand out of your vagina,” he was reportedly told.) McCord had tended to wounded children during the massacre. He was soon expelled from the military, apparently now “unsuited” for it. The point of journalism is to expose horrific crimes like this so that the powerful people who order them pay legal consequences, not the ones who expose them. Presumably that is why “press freedom” is considered important, and why it’s guaranteed by the First Amendment.

The law should have protected Manning from punishment, the same way it protects somebody who uses violence in justifiable self-defense or in defense of others. In Manning’s case, that was especially true, because she exposed grave crimes while stationed in Iraq, as the US perpetrated an even higher-level crime—a war of aggression based on a fraudulent pretext. If the law should have protected Manning, who was at the very heart of the “conspiracy” to expose gruesome crimes, then it obviously should protect Assange, and any of the outlets that worked with him.

Read more …

“I’d like to see The New York Times’s front page headline on that story: Russian Colluder Wins Nobel Prize, Put on Trial in Federal Court.”

Cascading Cat Litter (Jim Kunstler)

And so now Julian Assange of Wikileaks has been dragged out of his sanctuary in the London embassy of Ecuador for failing to clean his cat’s litter box. Have you ever cleaned a litter box? The way we always did it was to spread some newspaper — say, The New York Times — on the floor, transfer the used cat litter onto it, wrap it into a compact package, and put it in the trash. It was interesting to scan the Comments section of The Times’s stories about the Assange arrest: Times readers uniformly presented themselves as a lynch mob out for Mr. Assange’s blood. So much for the spirit of liberalism and The Old Gray Lady who had published The Pentagon Papers purloined by Daniel Ellsberg lo so many years ago.

Reading between the lines in that once-venerable newspaper — by which I mean gleaning their slant on the news — one surmises that The Times has actually come out against freedom of the press, a curious attitude, but consistent with the neo-Jacobin zeitgeist in “blue” America these days. Anyway, how could anyone expect Mr. Assange to clean his cat’s litter box when he was unable to go outside his sanctuary to buy a fresh bag of litter, and was denied newspapers this past year, as well as any other contact with the outside world? US government prosecutors had better tread lightly in bringing Mr. Assange to the sort of justice demanded by readers of The New York Times — which is to say: lock him up in some SuperMax solitary hellhole and throw away the key. The show trial of Julian Assange on US soil, when it comes to pass, may end up being the straw that stirs America’s Mickey Finn as a legitimate republic.

The bloodthirsty hysteria among New York Times readers is a symptom of the mass confusion sown by agencies of the US government itself when its own agents ventured to meddle in the national election of 2016 and then blame it on “the Russians.” As you will learn in the months ahead, it was The Times itself, and other corporate news organizations, who colluded with officers of the FBI, the Department of Justice, the CIA, and the Obama White House to concoct a phony narrative about Mr. Trump being in cahoots with Vladimir Putin, thus depriving Hillary Clinton of her “turn” in the White House; and then to join those agencies, and the grotesquely dishonest two-year investigation of Special Counsel Robert Mueller, in a cover-your-ass operation to hide their nefarious and criminal acts.

In the meantime, Mr. Assange may receive a Nobel Prize as a symbol of a lone conscience standing up against the despotic deceits of the world’s deep states. Wouldn’t that gum up the works nicely? I’d like to see The New York Times’s front page headline on that story: Russian Colluder Wins Nobel Prize, Put on Trial in Federal Court. By then, the United States of America will be so completely gaslighted that it will pulsate in the darkness like a death star about to explode.

Read more …

Michael Malice on Twitter: “Let’s be clear: Julian Assange is not a journalist.
He uncovered and released information that the political establishment and government wanted to stay hidden.
Does that sound like the work of a journalist?”

Is Julian Assange Another Pentagon Papers case? (Alan Dershowitz)

Before WikiLeaks founder Julian Assange gained asylum in the Ecuadorian embassy in London in 2012, he and his British legal team asked me to fly to London to provide legal advice about United States law relating to espionage and press freedom. I cannot disclose what advice I gave them, but I can say that I believed then, and still believe now, that there is no constitutional difference between WikiLeaks and the New York Times. If the New York Times, in 1971, could lawfully publish the Pentagon Papers knowing they included classified documents stolen by Rand Corporation military analyst Daniel Ellsberg from our federal government, then indeed WikiLeaks was entitled, under the First Amendment, to publish classified material that Assange knew was stolen by former United States Army intelligence analyst Chelsea Manning from our federal government.

So if prosecutors were to charge Assange with espionage or any other crime for merely publishing the Manning material, this would be another Pentagon Papers case with the same likely outcome. Many people have misunderstood the actual Supreme Court ruling in 1971. It did not say that the newspapers planning to publish the Pentagon Papers could not be prosecuted if they published classified material. It only said that they could not be restrained, or stopped in advance, from publishing them. Well, they did publish, and they were not prosecuted.

[..] the problem with the current effort is that, while it might be legally strong, it seems on the face of the indictment to be factually weak. It alleges that “Assange encouraged Manning to provide information and records” from federal government agencies, that “Manning provided Assange with part of a password,” and that “Assange requested more information.” It goes on to say that Assange was “trying to crack the password” but had “no luck so far.” Not the strongest set of facts here!

Read more …

Nice going, Zuck.

Facebook Removes Page of Rafael Correa on Same Day as Assange’s Arrest (MU)

Facebook has unpublished the page of Ecuador’s former president, Rafael Correa, the social media giant confirmed on Thursday, claiming that the popular leftist leader violated the company’s security policies.[..] In March, WikiLeaks published a tranche of documents dubbed the INA Papers linking President Lenin Moreno to the INA Investment Corporation, an offshore shell company used by Moreno to procure furniture, property, and various luxury items. The account number for the offshore account allegedly used by the president to launder money was shared across Ecuadorean social networks by netizens of all political stripes, including by Correa – who had about 1.5 million followers and whose Facebook page enjoyed more interactions and attention than that of President Moreno himself.


[..] The removal of Correa’s page for violating Facebook’s “community standards” is an unprecedented move, and the former statesman is the most high-profile public political figure to ever be removed from the social platform–placing the economist and icon of Latin American “socialism of the 21st century” in the same unlikely category as right-wing conspiracy theorist and broadcaster Alex Jones.

Read more …

What would that solve?

Second Brexit Referendum Vote ‘Very Likely’ – Philip Hammond (Ind.)

A second referendum on Brexit is “very likely” to be put before parliament, Philip Hammond has said. Speaking in Washington on Friday, the chancellor said a fresh public vote was a “proposition that could and, on all the evidence, is very likely to be put to parliament at some stage”. However, he also said about six months would be needed to hold a referendum, and that there would not be enough time before Britain is due to leave the EU on the new deadline of 31 October. Mr Hammond also stressed that the government was still opposed to a second referendum, although he said other Labour demands – such as a customs union with the EU – were up for debate.


“The government’s position has not changed,” he said. “The government is opposed to a confirmatory referendum and therefore we would not be supporting it.” The idea of a new referendum was among several Brexit alternatives to Theresa May’s deal that were put to lawmakers in the last month – but which all fell short of a majority in parliament. The prime minister has so far failed to get her own party behind the Brexit divorce deal she agreed with other European Union leaders last year. She was forced to ask the bloc for a delay and to start talks with Labour about how to break the impasse in parliament.

Read more …

It says a lot about the human attention span that this doesn’t receive a lot more scrutiny.

This is where Fed policies will be found to have hurt people most.

What Went Wrong With Pensions And Why The Whole World Must Be Worried (Rubino)

As baby boomer teachers, police and firefighters retire, the required pension payouts are soaring. Combine this with inadequate contributions, and the liabilities of major U.S. public pensions are up 64% since 2007 while assets are up only 30%. This math is simple enough for even a politician or fund trustee to grasp, but because there’s no immediate penalty for underfunding a pension system, it has become normal practice in a long list of places. Another, related problem is also mathematical, but it’s harder to manage in a boom-and-bust world: When pension plans suffer a big loss, as they tend to do in bear markets, the next few years’ returns have to go towards making up that loss before plan assets can start growing again. The following chart, from a recent Wall Street Journal article, shows pension fund assets falling behind in the past two bear markets and having increasing trouble catching up with steadily-growing liabilities.

In some cases this puts funds permanently behind the curve and can only be fixed with massive infusions of taxpayer cash or draconian benefit cuts, neither of which are feasible in a system that punishes hard choices. The next chart shows how much more the worst offenders would have to contribute to their plans to get by with honest future return assumptions. For Illinois, Kentucky and New Jersey this will never happen.

What does all this mean? A few things: In the next bear market the pension funds that are already wildly underfunded will fall into a financial black hole from which they’ll never be able to escape. Those states and cities – many of which are issuing bonds to cover their day-to-day expenses – will be exposed as junk credits (as Chicago was recently) and will have to either pay way up to borrow or enact some combination of tax increases (politically almost impossible) or pension benefit cuts (legally impossible in many places) which will cause chaos without fixing the underlying problem. The weakest cities and the states in which they reside will be forced to default on some of their obligations, stiffing suppliers, creditors, and/or employees.


This will throw the municipal bond market into chaos as investors, worried that the next Chicago is lurking in their portfolios, dump the whole muni sector. Faced with a cascade failure of a crucial part of the fixed income universe, the federal government will react the way it did when the mortgage market imploded in 2008, with a massive taxpayer funded bailout. At which point there’s a good chance of the crisis spreading from pensions to currencies, as the world finally realizes that the bailouts are just beginning, with US states and cities soon to be followed by student loans, emerging markets, and European failed states.

Read more …

Drip. Drip.

Italy’s Fiscal Health Is Once Again In Serious Decline (DQ)

On Wednesday, Italy’s coalition government slashed its growth forecast for the Italian economy in 2019 to 0.2% – the weakest forecast in the Eurozone – from a previous forecast of 1%. Italy is already in a technical recession after chalking up two straight quarters of negative GDP growth in the second half of 2018. The government’s budget for this year was based on the assumption that the economy would expand by 1% this year. Now, it seems the economy may not grow at all; it could even shrink. One direct result of this is that Italy’s current account deficit for 2019 will be substantially higher than the 2.04% of GDP Italy’s government pledged to stick to late last year. And that can mean only thing: another standoff between Rome and Brussels over the direction of fiscal policy is in the offing.

Italy already boasts the largest public debt pile in Europe in nominal terms, clocking in at €2.14 trillion, as well as the second largest in relative terms after Greece’s twice bailed out economy. Rome just forecast that public debt would hit a new record high of 132.6% of GDP this year. That record is unlikely to last very long given Italy’s stagnating economy and the government’s determination to cut taxes, reduce the retirement age and introduce a citizens’ basic income.

The biggest problem with Italy’s economy is that many of its problems are chronic and deep seated. Many of them date back to the adoption of the euro, in 2000, or in the case of Rome’s massive addiction to public debt, to the 1980s. As the OECD points out, real GDP in Italy is still well below its pre-crisis peak. Italy is also the only OECD country where incomes (as measured by GDP per capita) are no higher than in 2000. By contrast, in France, Spain, the UK and Germany they have risen during the same period by 13%, 17%, 21% and 23 respectively.

Read more …

Now imagine this WITHOUT interest rates at record lows. What was once a market has now turned into a slot machine.

Uber Discloses 3-Yr $10-Billion Loss from Operations (WS)

Uber Technologies’ IPO filing was made public today. The 330-page or so S-1 filing disclosed all kinds of goodies, including detailed but still unaudited pro-forma financial statements as of December 31, 2018, huge losses from operations, big tax benefits, large gains from the sale of some operations, stagnating rideshare revenues, and an enormous list of chilling “Risk Factors” that go beyond the usual CYA. The filing, however, didn’t disclose the share price, the IPO valuation, and how much money the IPO will raise for Uber. On Tuesday, “people familiar with the matter” had told Reuters that Uber plans to raise $10 billion in the IPO. Most of the IPO shares would be sold by the company to raise funds, and a smaller amount would be sold by investors cashing out, the sources said.


The filing did not confirm this and instead left blanks or used placeholder amounts. But if true, $10 billion in shares sold would make this IPO one of the biggest tech IPOs. And the rumored $90 billion to $100 billion valuation would make it the biggest since Alibaba’s $169 billion IPO. Uber will need every dime it raises in the IPO going forward because it’s got a little cash-burn situation in its operations that persists going forward, as it admitted in its “Risk Factors,” and it will need to raise more money, and if it cannot raise more money, it might not make it. Uber is upfront about this. The company has already raised – and mostly burned through – over $20 billion so far in its 10 years of existence. This includes $15 billion in equity funding and over $6 billion in debt.

Read more …