Sep 272019
 


Salvador Dali Self-portrait in the studio 1919

 

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

 

 

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

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

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

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

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

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

Read more …

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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


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

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Another issue that nobody acts upon.

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

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


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

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

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

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


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

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

Trump Administration Proposes Historically Low Refugee Limit (AP)

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


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

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Whistleblowers: WikiLeaks has never revealed a source.

 

 

 

 

 

Sep 042019
 


Marcel Duchamp Sonata 1911

 

To Cut Or Not? Dueling Fed Views Boost Pressure On Powell (R.)
The Economic Future of a Negative Interest Rate World (AIER)
Fed’s Balance Sheet Could End Up Higher Than $4 Trillion (R.)
Boris Johnson In New Battle After Commons Vote Defeat (BBC)
Boris Johnson Wants Election, Corbyn Says No-Deal Must Be Gone First (Ind.)
Rebel MPs Defy Threats From Boris Johnson In Vote Against No-Deal (Ind.)
Johnson To Expel Churchill’s Grandson From Conservative Party (R.)
Hong Kong Stocks Surge On Extradition Bill Withdrawal (AFP)
Meanwhile, In Hong Kong… (ZH)
US Judge Orders Big Drug Companies To Face Opioid Trial (R.)
‘Stratfor Hacker’ Moved To Jail With Manning To Testify Against Assange (RT)

 

 

The Fed should tell the world they’re done interfering in the markets. And they’re sorry they ever did.

To Cut Or Not? Dueling Fed Views Boost Pressure On Powell (R.)

The Federal Reserve should use its meeting in two weeks to aggressively cut interest rates, one U.S. central banker said on Tuesday. Less than an hour later, a second U.S. central banker said he saw no need to use up the Fed’s precious firepower when the economy is growing, inflation looks stable and labor markets are in good shape. The dueling views – from St. Louis Fed President James Bullard, who called for a half-a-percentage-point rate cut, and Boston Fed President Eric Rosengren, who saw no immediate need for any move – show the tight spot Fed Chair Jerome Powell finds himself in as the Fed’s next policy-setting meeting approaches.

On one hand, the escalating U.S.-China trade war and a global economic slowdown have begun to pinch U.S. business spending and manufacturing output, posing a threat to the broader U.S. economy. President Donald Trump has demanded the Fed cut rates to bolster growth as he piles tariffs on Chinese imports to try to win a better trade deal. But Americans continue to spend, wages are rising and employers keep adding jobs, suggesting a downturn is not on the horizon. Although Powell has said the Fed will act “as appropriate” to keep the economy growing, there is plenty of disagreement among his fellow rate-setters about what that two-word phrase means in practice.

In an interview with Reuters on Tuesday, Bullard argued that the Fed needs to get ahead of both financial market expectations for a small rate cut and a global trade war that has become a broader “reckoning” over how the world economy is organized. Underscoring his concerns, data released earlier on Tuesday showed the U.S. manufacturing sector had contracted for the first time in three years. U.S. stocks slid and benchmark Treasury yields hit their lowest in three years on concern the drawn-out trade war was taking an increasing toll on the U.S. and global economies. “We are too high,” Bullard said of Fed interest rates, noting that the central bank’s current target policy rate of between 2% and 2.25% was higher than the current yield of all U.S. Treasury securities. Even the 30-year bond has dipped below 2%.

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Half the economy is made up of zombies by now.

The Economic Future of a Negative Interest Rate World (AIER)

Excessively low interest rates support assets, favor the rich over the poor, favor the rentier over the business investor, encourage leverage and stock buybacks over capital expenditure and equity-capital formation. Income inequality grows, and social instability follows. Corporations that, under a more normal interest rate regime, would have been placed into receivership are able to continue to operate. New, more innovative enterprises, which should thrive as inefficient incumbent corporations exit the gene pool, are stifled at birth by a dearth of investment and lack of opportunity. Trend economic growth suffers. In an excessively low–interest rate environment, financial sleight of hand trumps improvement in total factor productivity every time.

Since the great financial crisis of 2008–9, global economic growth has been sluggish when compared with past recoveries. The slashing of interest rates spawned a new credit cycle, protecting the overextended corporations and individuals who, during the previous boom, borrowed too heavily. The problem in 2008 was too much debt, and the predictable knee-jerk regulatory response was to tighten bank capital requirements. Had that been the sole response, an even-deeper recession would have ensued. Many companies would have defaulted, investors would have been wiped out, and asset markets would eventually have cleared. Painful, but necessary, capital destruction is the nuclear solution to an overblown credit binge, but in a caring modern democracy the collateral damage to the electorate is too great for any elected administration to contemplate.

The actual policy response took different forms from country to country. Forsaking the advice of Walter Bagehot, who stated that the function of a central bank during a panic was to lend freely at a penalty rate against good collateral, the Federal Reserve cut interest rates, lending freely, at a far-from-penalty rate, against poor collateral. Even this monetary largesse failed to suffice, prompting the U.S. Treasury to introduce the Troubled Asset Relief Program, enabling bloated U.S. financial institutions to walk away from large swathes of their nonperforming loans.

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Hold on for dear life?! Like, literally?

Fed’s Balance Sheet Could End Up Higher Than $4 Trillion (R.)

The U.S. Federal Reserve’s balance sheet could end up between $3.8 trillion and $4.7 trillion by 2025, according to projections collected by the New York Fed. The regional arm of the central bank, which manages the Fed’s massive bond holdings, released the projections in a report on Tuesday drawn from surveys of Wall Street traders. The New York Fed’s report showed the Fed could start buying Treasuries as soon as 2019 or as late as 2025, but the decision would depend on the growth of bank reserves and other Fed liabilities, including currency. The Fed currently holds about $3.8 trillion in assets, including bonds purchased to stimulate the economy after the 2008 global financial crisis.


After the crisis, the Fed bulked up its holdings by buying Treasuries using bank reserves it created. Eventually, it started letting bonds and reserves decline to bring policy back to normal. In July, Fed officials decided to end that bond roll-off by August. They made the decision at the same time as they cut rates for the first time in more than a decade, citing inflation that has fallen below their target, the U.S.-China trade war and other economic concerns. To keep control of rates, officials will eventually have to start buying bonds again and building up bank reserves.

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He could have known it was coming. Did he?

Boris Johnson In New Battle After Commons Vote Defeat (BBC)

Boris Johnson faces a new battle in the Commons after his first vote as PM saw him lose to rebel Tories and opposition MPs who object to a no-deal Brexit. The Commons voted 328 to 301 to take control of the agenda, allowing them to bring a bill requesting a Brexit delay. The PM said he would call for a general election if he was forced to request an extension to the 31 October deadline. MPs will now vote on the Brexit delay bill. If it passes, the vote on whether to hold an election will follow. Wednesday in the Commons will also see Chancellor Sajid Javid outline the government’s spending plans, with the health service, education and the police expected to fare well.


Speaking late on Tuesday to a packed House of Commons, the prime minister said the MPs’ bill would “hand control” of Brexit negotiations to the EU and bring “more dither, more delay, more confusion”. He told MPs he had no choice but to press ahead with efforts to call an October election, adding: “The people of this country will have to choose.” The BBC understands the government intends to hold an election on 15 October, two days before a crucial EU summit in Brussels. This is a day later than the BBC was previously reporting. Jeremy Corbyn said the bill needed to be passed to take the no-deal option completely “off the table” before his party would support the call for a general election.

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Does Corbyn pull the strings now, or does Cummings have something up his sleeve?

Boris Johnson Wants Election, Corbyn Says No-Deal Must Be Gone First (Ind.)

The government is tabling a motion for a general election in the wake of a humiliating Commons defeat on Boris Johnson’s strategy of putting Britain on course to crash out of the EU. The prime minister said he would put forward the motion, which must win the support of two-thirds of the Commons in order to trigger a poll, after rebel Tories defied his threat to throw them out of the party and united with opposition MPs to seize control of Commons business, paving the way for a vote tomorrow on a bill that would outlaw a no-deal Brexit. However, Labour leader Jeremy Corbyn said that in order for Labour to back the government motion, which would see the UK hold its third general election in the space of five years, tomorrow’s bill would first have to become law.

Labour fear that when the election is called Mr Johnson may simply move the date beyond October 31, the date Britain is due to leave the EU, which – given that there is little sign of his administration striking a deal with the bloc – would cause a no-deal exit by default. “The leader of the opposition has been begging for an election for two years,” Mr Johnson told the Commons immediately after losing the vote. “He has thousands of supporters outside calling for an election. I don’t want an election but if MPs vote tomorrow to stop negotiations and to compel another pointless delay to Brexit potentially for years then that would be the only way to resolve this.

“I can confirm that we are tonight tabling a motion under the Fixed Term Parliament Act.” Mr Corbyn responded that while Mr Johnson was free to table a motion for a general election, his party would not back it while no-deal remained as an option. He said the government must “get the bill through first in order to take no-deal off the table”. “We do not have a presidency, we have a Prime Minister who governs with the consensus of the House of Commons representing the people within whom the sovereignty rests,” he said. “There is no majority to leave without a deal within the country”.

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Another vote today. If it doesn’t pass, there will be no election.

Rebel MPs Defy Threats From Boris Johnson In Vote Against No-Deal (Ind.)

Rebel MPs have defied threats from Boris Johnson to vote through a motion paving the way for legislation to block a no-deal Brexit. MPs voted to seize control of the Commons agenda on Wednesday afternoon in order to force through a bill requiring the prime minister to request an extension in Brexit talks to 31 January unless he secures a deal with Brussels or parliamentary approval for no deal by 19 October. The government’s defeat by a margin of 328 to 301 leaves Mr Johnson’s Brexit strategy in tatters by potentially robbing him of the threat of no-deal, which he has repeatedly said is essential to obtain concessions from the EU. Responding from the despatch box immediately after the crushing result, Mr Johnson confirmed he is tabling a bill to trigger a general election, with a vote expected to take place soon after the anti-no deal bill completes its passage through the Commons on Wednesday.

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“That’s fortunes of war. I knew what I was doing.”

Johnson To Expel Churchill’s Grandson From Conservative Party (R.)

Nicholas Soames, the grandson of Britain’s World War Two leader Winston Churchill, will be expelled from the Conservative Party after voting against Prime Minister Boris Johnson on Brexit. The move against the Conservative Party grandee marks one of the most bizarre turns in the three-year Brexit crisis that has gripped a country once touted as a confident pillar of Western economic and political stability. Soames was one of 21 Conservative lawmakers who rebelled, including Ken Clarke, 79, the longest continuously sitting British lawmaker in the House of Commons, and former finance minister Philip Hammond. All are to be expelled.

When Soames was asked if this was the end of the Conservative Party his grandfather would have known, he said: “No. But it’s a bad night. “It is a pity – a great pity – that this has in my view all been planned: this is exactly what they wanted and they will try to have a general election which is what they wanted.” Since he took office as prime minister six weeks ago, Johnson has been ruthless: He oversaw one of the biggest purges of cabinet ministers in modern British history and has cut short a session of parliament to increase the likelihood Britain will leave the EU, with or without a deal.

[..] “I have been told by the chief whip, who is my friend and who I like very much, that it will be his sad duty to write to me tomorrow to tell me I have had the whip removed after 37 years as a Conservative member of parliament,” Soames said. “That’s fortunes of war. I knew what I was doing.” Soames, 71, who was knighted by Queen Elizabeth in 2014, has been a member of parliament since 1983 and previously served as a junior defense minister. He is the son of Mary Soames, the youngest of Churchill’s five children. [..] As a young boy, Soames said he was unaware of his grandfather’s significance and has recounted how, when aged five, he once visited Churchill in his bedroom and asked him: “Grandpapa, is it true that you are the greatest man in the world?” Churchill replied: “Yes, now bugger off.”

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“..troubled airliner Cathay Pacific soaring nearly 9 percent.”

Hong Kong Stocks Surge On Extradition Bill Withdrawal (AFP)

Hong Kong’s stock market soared Wednesday after local media reported that the city’s embattled leader is planning to fully withdraw a loathed extradition bill, one of the main demands of pro-democracy protesters. The Hang Seng index leapt more than three percent in afternoon trade after the South China Morning Post and HK01 both published reports that the city’s pro-Beijing chief executive Carrie Lam was planning to shelve the bill. The semi-autonomous city has been battered by three months of huge, sometimes violent, protests that were initially sparked by a plan to allow suspects to be extradited to the Chinese mainland for the first time.

The protests evolved into a wider democracy campaign involving clashes between protesters and police, in the biggest challenge to China’s rule of Hong Kong since its 1997 handover from the British. For the last three months both Lam and Beijing have refused to make any concessions to the protesters beyond agreeing to suspend the bill, a move that fell far short of demands that it be permanently shelved. But on Wednesday the first indications that some type of compromise might be offered began to emerge. [..] Citing sources, the South China Morning Post reported that Lam would announce a full withdrawal of the bill later in the afternoon. Local news website HK01 had similar reports.

[..] That speculation sparked jubilation on the stock market which has been battered by both China’s trade war with the United States and Beijing’s refusal to find a political solution to the weeks of protests in the international financial hub. Shares leapt on the news with companies like HSBC rising 3.4 percent and troubled airliner Cathay Pacific soaring nearly 9 percent.

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How much of this is due to the state of the Chinese economy?

Meanwhile, In Hong Kong… (ZH)

If the nightly images of water cannons and molotov cocktails were not enough to spark fears about the state of Hong Kong’s economy, tonight’s almost unprecedented collapse in IHS Markit Hong Kong Purchasing Manager’s Index should slap reality back to the top of mind. The whole economy PMI crashed to 40.8, the lowest reading since Feb 2009. This is the 17th consecutive month of contraction (sub-50) for the survey. Business activity fell at the steepest rate since the end of 2008, reflecting a sharper decline in new order intakes. Pessimism spread to more firms, with business confidence slumping to its lowest on record.

“The rates of decline in output, new orders and export sales accelerated sharply in August, with the only other time that the PMI survey has recorded a steeper downturn, in its more than two decades of history, been during the SARS epidemic in 2003 and the global financial crisis in 2008-2009.” Nearly half of survey respondents reported reduced Chinese demand, citing the ongoing US-China trade dispute, a sharp depreciation in the renminbi and large-scale protests as reasons.

Commenting on the latest survey results, Bernard Aw, Principal Economist at IHS Markit, said: “The latest PMI data reveal a Hong Kong economy flirting with recession in the third quarter as business activity is increasingly aggravated by protest-related paralysis. “The executive authorities of the Hong Kong SAR recently unveiled an economic stimulus plan to support flagging growth momentum, but any further economic weakness will mean policymakers are likely to consider larger stimulus measures.

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Remember: 400,000 deaths.

US Judge Orders Big Drug Companies To Face Opioid Trial (R.)

A U.S. judge on Tuesday rejected efforts by major drugmakers, pharmacies and distributors to dismiss claims that they caused the nation’s opioid crisis, clearing the way for a scheduled landmark trial even as he pushes for a nationwide settlement. U.S. District Judge Dan Polster, who oversees roughly 2,000 opioid lawsuits by states, counties and cities, said the plaintiffs can try to prove that drugmakers’ deceptive marketing of the painkillers caused a harmful, massive increase in supply that pharmacies and distributors did not do enough to stop. “A factfinder could reasonably infer that these failures were a substantial factor in producing the alleged harm suffered by plaintiffs,” the Cleveland-based judge wrote.


The ruling was among seven decisions and orders totaling 80 pages from Polster ahead of a scheduled Oct. 21 trial by two Ohio counties against Purdue Pharma, the OxyContin maker accused of fueling the epidemic, and several other defendants. Polster also refused to dismiss civil conspiracy claims against drugmakers, pharmacies and distributors, and said federal law did not preempt much of the plaintiffs’ case. Other defendants included the drugmakers Endo International Plc and Johnson & Johnson; pharmacy operators CVS Health Corp, Rite Aid Corp, Walgreens Boots Alliance Inc and Walmart Inc; and distributors AmerisourceBergen Corp, Cardinal Health Inc and McKesson Corp.

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Our best and bravest need our help: “..he pled guilty to hacking Stratfor in 2013 in order to avoid giving up information on his fellow activists, including those at WikiLeaks, and has no intention of doing so now.”

‘Stratfor Hacker’ Moved To Jail With Manning To Testify Against Assange (RT)

Jeremy Hammond, who helped feed millions of emails from ‘private CIA’ Stratfor to WikiLeaks, has reportedly been moved to Virginia to testify before a grand jury, which he refuses to do, jeopardizing his early release from prison. Hammond has been moved to the same Eastern District where whistleblower Chelsea Manning is currently being held for refusing to testify against Julian Assange, the Jeremy Hammond Support Committee revealed on Tuesday in a statement. While neither Hammond nor his supporters are certain of the nature of the summons, he pled guilty to hacking Stratfor in 2013 in order to avoid giving up information on his fellow activists, including those at WikiLeaks, and has no intention of doing so now.


While Hammond received the maximum 10 year sentence in exchange for his non-cooperating guilty plea, he was granted immunity from further prosecution in all other federal courts and was due to be released in December, having received a sentence reduction for participating in the Federal Bureau of Prisons’ Residential Drug Abuse Program. Transferring him from Memphis, Tennessee, where he was incarcerated, to Alexandria, Virginia, cuts short his participation in the program and guarantees he will serve at least another year in prison. And he could be locked up much longer, given his refusal to testify, which will place him in the same legal limbo where Manning is currently entrapped.

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Grand Bahama island. 70% is below water level.

 

 

 

 

 

Aug 082019
 


Piet Mondriaan New York City I 1942

 

Globalization As We Know It Will Not Survive Trump (G.)
The Technological Revolution Devours its Children (Dmitry Orlov)
Donald Trump More Popular Today Than In 2016 (Raw)
New York Times Stock Price Has Soared During Trump’s Presidency (R.)
MMT May Be Democrats’ Economic Cure, But Only Trump Got The Memo (R.)
New Rebel Bid To Halt No-Deal Brexit Amid Fury At PM’s Enforcer (G.)
Deal Or No Deal? It’s Not Really Up To Dominic Cummings (G.)
The Super-Rich Have Made Britain Into A Nation Of Losers (G.)
Airlines Complain Boeing’s Production Standards ‘Way Below Acceptable’ (BI)
An Open Invitation to Tyranny (PCR)
Chelsea Manning Jailed For a YEAR For Refusing To Testify Against Assange (RT)
Tightening Nickel Supply Threatens Electric Vehicle Boom (SH)
Apocalypse Now: Final Cut (G.)
Explosion of Toxic Pesticide Use Causes Insect Apocalypse in US (CD)

 

 

“And That’s A Good Thing..”

Globalization As We Know It Will Not Survive Trump (G.)

The significance of the trade war between China and the US goes well beyond the impact of tit-for-tat tariffs, or which of two self-styled strongmen wins the bragging rights. As was the case in the 1930s, the seemingly inexorable drift towards protectionism is part of a deeper crisis of the international status quo. When Beijing this week accused the US of “deliberately destroying the international order”, it was really saying that US hegemony will no longer go unchallenged. Globalisation as we have known it is coming to an end and that’s by no means unwelcome.

Hailed as the ultimate in human progress, a model based on loosening the controls on capital and the construction of global supply chains has spawned recurrent financial crises, fostered corrosive inequality and worsened the climate emergency. True, millions of people have been lifted out of poverty in the past 25 years, but most of them live in a country – China – that has kept the market at arm’s-length. The world’s stock markets see things differently. They tremble every time Donald Trump tweets a paean to protectionism. Likewise, multinational corporations fret about the possible damage that trade barriers might cause to global supply chains. It is clear that those who have done best out of globalisation tend to be the rich and powerful, and they are not going to give up their privileges without a fight. Nothing in this is new.

Throughout history there have been successive waves of globalisation followed by a backlash when the model over-reached itself. This is one of those occasions and all the ingredients are in place for a struggle between the defenders of the status quo and those who say that recent trends in politics, technology and the climate point to the need for a new world order focused more on local solutions, stronger nation states and a reformed international system. It’s quite a stretch to imagine that Trump has this in mind when he is bashing China, but the economic crisis of the 1930s – of which protectionism was one part – led eventually, albeit after the war, to reforms that made the world a sounder and safer place.


Illustration: Thomas Pullin

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“..once your savings are depleted and your debts are maxed out, you are cast out into the howling wilderness roamed by various troglodytes—those the information revolution has already eaten as well as those who were never on the menu.”

The Technological Revolution Devours its Children (Dmitry Orlov)

As the famous movie quote goes, “If you can’t spot the sucker in your first half hour at the table, then you are the sucker” (From John Dahl’s 1988 film Rounders). Another famous quote, all the way back from the French Revolution, is “The revolution, like Saturn, devours its own children” (said by Danton at his trial). If you can’t spot the resource for your next technological revolution, then you are the resource. Look at all the previous technological revolutions. In each case, a new technology opened up for exploitation a new, superabundant resource: agriculture—arable land; mechanical spinning and weaving—water power; steam engine and steelmaking—coal; internal combustion engine—oil; artificial intelligence-based robonanobiotronics—still oil?

Sorry, that’s no longer overabundant by any stretch of the imagination. (If you said “renewable energy” then think again: wind turbines, solar panels and battery banks can’t be made or maintained without oil and natural gas.) Technology without a superabundant resource it can tap into is as useful as a spoon if your bowl is empty. The logic is simple: spot the resource; if you can’t, it’s probably you. Let’s focus on what’s supposed to be the main pillar of the next technological revolution: information technology. Most of us have smartphones, laptops, store our data in the cloud and make use of abundant and free information resources—all the free apps you want, free blogging, free Youtube videos, etc. But what new resource has all this technology opened up for you, the user?

The hardware costs you money (the average iPhone now costs around 800 USD) and the time you spend fiddling around with it is subtracted from all the other, potentially useful and gainful activities. You could try arguing that having an iPhone makes you more efficient because you have all the information and communications technology you could possibly need right at your fingertips. That point is hard to deny. I recently recorded a radio interview for a radio station in upstate New York while strolling about among the potato blossoms on my field in the Novgorod region of Russia via the internet and a 4G connection via a tower in the neighboring village. That’s nothing short of miraculous, and it’s certainly efficient (my smartphone is 7 years old, fully amortized a long time ago and still as good as new now that I’ve replaced every single mechanical component, sometimes twice). But is it effective?

The smartphones are generally effective in making their users spend money that they may or may not have on things they may or may not need. All of the free access to information is paid for by collecting data on users (spying, basically) and using it to create targeted ads that turn users into online shoppers. Everything is highly customized: women look at pictures of shoes; men look at pictures of power tools. Both the shoes and the power tools, if purchased, will be used a few times a year at most, but the money will be gone forever. The limiting factor here, of course, is the resource, which is you: once your savings are depleted and your debts are maxed out, you are cast out into the howling wilderness roamed by various troglodytes—those the information revolution has already eaten as well as those who were never on the menu.

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Depends on who you ask.

Donald Trump More Popular Today Than In 2016 (Raw)

President Donald Trump’s administration has been mired in controversy after controversy, from his racist remarks to the Mueller report–which stopped short of clearing him of obstruction of justice. His policies, such as child separation at the border and his trade wars with China, are divisive. Yet, new numbers seem to show that he’s actually more popular today than he was in 2016, according to polling expert Nate Cohn. “The share of Americans who say they have a favorable view of him has increased significantly since the 2016 election,” Cohn writes. “And over the last few months, some of the highest-quality public opinion polls, though not all, showed the president’s job approval rating — a different measure from personal favorability — had inched up to essentially match the highest level of his term.”

This doesn’t guarantee Trump re-election. “The increase in his support since 2016, and the possibility that it continues to move higher, does not necessarily make him a favorite to win re-election. His job approval ratings remain well beneath 50 percent, and have never eclipsed it.” It should be noted that Cohn is relying on two polls, Gallup and YouGov, which show that he is more popular today than in 2016. And according to the website fivethirtyeight.com, which aggregates polling data, only 42.2 percent of Americans polled approve of Donald Trump, while 53.1 disapprove.

But, Trump’s surge in popularity since 2016 is clearly something his democratic challengers need to keep in mind. Of course, Democrats might benefit from a more popular candidate than they had in 2016,” Cohn writes. “Hillary Clinton was an unusually unpopular candidate, surpassed only by Mr. Trump in this regard in the modern era of polling. But an analysis that freezes the president’s standing in 2016 but assumes an improvement for the Democratic nominee would be misleading.”

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Cui bono. Inventing Russiagate out of thin air has paid off handsomely.

New York Times Stock Price Has Soared During Trump’s Presidency (R.)

Lieutenant Colonel Bill Kilgore concludes his “Apocalypse Now” soliloquy about the smell of napalm in the morning wistfully: “Someday this war’s gonna end.” The remark suggests the officer played by Robert Duvall is enjoying the conflict in Vietnam. Despite some recent friendly fire, New York Times commander-in-chief Mark Thompson could be forgiven for feeling similarly about his newspaper’s combat with U.S. President Donald Trump. Few companies have so directly benefitted from Trump’s tumultuous first term in office as the Times. Thanks to a boom in digital-subscription sales linked to the paper’s aggressive coverage of the administration’s many foibles, its shares have outperformed those of nearly every company investors pegged as those likely to suffer or benefit from a Trump presidency.

From around $11 at the time of his election, Times stock has soared to more than $35. That trumped the runup in Wall Street firms, such as Goldman Sachs and Morgan Stanley, whose bottom lines were fattened by tax cuts. Times shares even dusted those of Facebook, the bête noire of all traditional publishers. As of Tuesday, the Manhattan-based company’s $5 billion market value was greater than the combined worth of America’s two biggest for-profit prison operators, whose fortunes were meant to soar under a law-and-order presidency. This background helps in interpreting a set of lousy second-quarter results, and a kerfuffle this week over a poorly conceived front-page headline. The Times added 197,000 net new digital-only subscriptions – bringing total subscribers to 4.7 million, nearly halfway to its 2025 goal of 10 million.

A shortfall in revenue, though, and a warning of greater challenges ahead, took nearly 20% off the Times share price on Wednesday. That came days after amending a headline related to the president’s response to two mass shootings over the weekend failed to stop a barrage of criticism, much of it from Trump’s Democratic opponents, and calls on social media to cancel subscriptions. The top-line miss had nothing to do with the headline skirmish, whose impact would appear in this quarter. But they are not unrelated. The risk for the Times is that any whiff of normalizing its coverage of the president might damage the brand that has fueled its subscription drive since 2016. One dopey headline is survivable, so long as the war shows no sign of ending.

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MMT is not going to go away.

MMT May Be Democrats’ Economic Cure, But Only Trump Got The Memo (R.)

From her home overlooking Setauket Harbor on Long Island’s North Shore, a motorboat bobbing at the dock, Stephanie Kelton hopes to revolutionize how the U.S. government manages the economy. It isn’t always a pleasant task. A key figure in the “Modern Monetary Theory” economic camp, her assertions that the federal government could spend freely for things like a jobs guarantee or Green New Deal without risking runaway inflation, a debt default or a clubbing by global creditors have been Twitter-bombed by mainstream economists as left-wing free lunchism. Proponents of MMT have been called fanciful for the notion that the U.S. Congress, which typically struggles to pass an annual budget, could with smart budgeting and regulation take over the Federal Reserve’s job of controlling inflation.


And even Kelton, an economics professor at Stony Brook University in New York and an adviser to Senator Bernie Sanders’ presidential campaign, is a bit thrown by the fact that the person who appears closest to accepting her argument is President Donald Trump, whose Republican Party has traditionally touted an adherence to fiscal discipline. Trump and Republicans in Congress, she said, “did not allow perceived budget constraints to stand in their way” of a $1.5 trillion tax cut package which was passed in late 2017 and pushed the federal debt beyond $22 trillion. Democrats now seem ready to get in the game. Lawmakers from both parties recently reached a federal spending deal that is expected to raise the federal deficit by $2 trillion over the next two years, and Democrats lining up to run against Trump in 2020 have largely avoided talk of fiscal restraint so far in the campaign.

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Told ya: “One Conservative insider said that Cummings had in effect demanded control over Johnson’s operation as his price for entering government..”

New Rebel Bid To Halt No-Deal Brexit Amid Fury At PM’s Enforcer (G.)

Rebel MPs are working on a plan to thwart Boris Johnson pursuing a no-deal Brexit on 31 October that involves forcing parliament to sit through the autumn recess, amid growing outrage about the power and influence of his controversial aide, Dominic Cummings. The cross-party group of MPs is looking at legislative options with mounting urgency because of the hardline tactics of Cummings, who one Conservative insider described as running a “reign of terror” in No 10 aimed at achieving Brexit on 31 October at any cost. Three MPs have told the Guardian that one method under discussion is for members to amend the motion needed for parliament to break for party conferences in mid-September.

This could give MPs another three weeks of sitting time to stop a no-deal and potentially open the door for days to be set aside for rebels to control parliamentary business. The ultimate aim would be to pass a bill forcing the government to request an extension to article 50 from Brussels. Since joining Johnson’s administration, Cummings has told government advisers that No 10 stands ready to do whatever is necessary to bring about Brexit on 31 October – deal or no deal. This could include proroguing parliament, or ignoring the result of any no-confidence vote in Johnson and calling a “people v politicians” general election – to be held after the UK had left the EU.

However, it is understood that alarm is mounting within No 10, among some special advisers and Tory MPs about the scale of Cummings’ influence and willingness to defy parliament. One Conservative insider said that Cummings had in effect demanded control over Johnson’s operation as his price for entering government and proceeded to sideline more moderate advisers, such as ex-City Hall stalwart Sir Eddie Lister, while installing a team of “true believers” in hard Brexit largely from the former Vote Leave campaign.

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Are you sure?

Deal Or No Deal? It’s Not Really Up To Dominic Cummings (G.)

Yet it would be as much of a mistake to dismiss Cummings as to exaggerate his mastery. He has certainly brought two weeks of focus to the Johnson government by making the Halloween deadline a non-negotiable centrepiece. He has changed the political conversation from Brexit or people’s vote to deal or no deal. Depending on events in the early autumn, he is clearly gearing up for a possible general election shortly afterwards. But Cummings does not control events. He is not Prospero, able to conjure up a tempest that delivers his enemies into his hands. He is having a good run, but he is helped by the most irresponsible parliamentary summer recess of modern times.

Even now MPs should be aiming to get back to Westminster and hold the government to account before the planned return on 3 September. They should scrap this year’s party conferences too. Cummings is also only one player. The idea that he pulls all the strings is lazy and wrong. The Brexit outcome depends on a tangled web of interests and influences beyond his control. These include everything from the role of the Queen to the hoarding of toilet rolls. In particular, it depends on events in the real economy, in parliament, in the courts, in Northern Ireland, Scotland and the Irish Republic, in the EU and in Johnson’s own head.

Those who take a Cummings-fixated view of the options find it is easier to forget this. They say the government’s aim is to crash out with no deal on 31 October and nothing will stand in the way. But that is not quite what Johnson and some of his ministers say. They say, still, that a deal is one possibility, perhaps a remote one, and that the UK government is even now looking for a deal with the EU in the next 12 weeks.

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“..people whose incomes sit a few zeroes above their value to society.”

The Super-Rich Have Made Britain Into A Nation Of Losers (G.)

Think of a football stadium. Not one of the vast caverns like Old Trafford or Wembley, but somewhere rather smaller and more bijou. Somewhere like Fulham’s Craven Cottage, which, once its new stand is completed, will pack in only about 30,000 fans. Now imagine this stadium of 30,000 souls rising up into the air and hovering unnoticed over central London. Thirty thousand men in late middle-age living the high life with the capital at their feet – and there, stuck way below on terra firma are their 66 million fellow Britons, tearing lumps out of each other. Congratulations: you’ve just pictured the central problem stalking the UK today. Not Brexit. Not the breakdown in civil debate. Not the dark money contaminating Westminster.

These are urgent and vitally important, but there is one big factor that forms a large part of the backdrop to all of them. It can be summed up by that gulf between a mid-sized football stadium of super-rich men in their 50s, and the rest of us spread out across our suburbs, our towns, our unpretty stretches of urban sprawl. That football stadium represents the top 0.1% of earners in the UK. To join their ranks, numbering just 31,000, you’d need a taxable income of at least £650,000 a year – £12,500 per week. In less than a fortnight, you would easily pull in more than the average Briton makes as taxable income over a whole year. But then, those drudges are the earthbound while you, as the old song out of Mary Poppins puts it, live in an entirely different realm: “Up to the highest height! … Up through the atmosphere! / Up where the air is clear!”

The stratospherically rich are among the subjects of a new report by the Institute for Fiscal Studies. An analysis of the tax returns of the highest earning Britons, it shows in uncompromising detail just how our money has ended up in fewer and fewer hands based in less and less of the country. Almost half the super-rich live in London and nearly 90% of them are men. What’s more, they often end up paying a lower tax rate than the pay-as-you-earn mugs like you and me. The generous breaks given by politicians to encourage entrepreneurship, innovation and risk-taking are instead exploited by partners in City law firms and big accountancies and at hedge funds – people whose incomes sit a few zeroes above their value to society.

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It’s not just the 737 MAX. It’s Boeing itself.

Airlines Complain Boeing’s Production Standards ‘Way Below Acceptable’ (BI)

Airlines flying Boeing’s 787-10 Dreamliner have complained to the plane maker about “unacceptable” production mistakes and inconsistent quality. The problems center around Dreamliners built at Boeing’s North Charleston, South Carolina, factory, according to a report from The Post and Courier. Issues at the North Charleston plant were reported in April in a comprehensive New York Times investigation, which found evidence of shoddy production, poor oversight, and a culture that “made speed a priority over safety.” The report came a month after Boeing’s 737 Max jet was grounded worldwide after the second fatal crash in five months. The Department of Justice expanded an inquiry into the 737 Max to include issues at the North Charleston factory in June.


The new report surfaced complaints from a global cadre of airlines that fly the jet and have received orders from the South Carolina plant, one of two locations where the Dreamliner is assembled — other orders are built at Boeing’s Everett, Washington, factory. While the issues are not limited to either the South Carolina plant or the 787 — similar problems have been raised in Everett with both 787s and military tankers — the complaints surfaced by The Post and Courier focus on recent deliveries of Boeing’s newest and largest variant of the Dreamliner, the 787-10. It was not immediately clear whether the airlines made similar complaints about other variants of the plane, including the 787-8 and 787-9.

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Paul Craig Roberts on an FBI document that talks about “official” and “prevailing” explanations of events.

“What the FBI report does, intentionally or unintentionally, is to define a conspiracist as a person who doubts official explanations.”

An Open Invitation to Tyranny (PCR)

The FBI document says that conspiracy theories “are usually at odds with official or prevailing explanations of events.” Note the use of “official” and “prevailing.” Official explanations are explanations provided by governments. Prevailing explanations are the explanations that the media repeats. Examples of official and prevailing explanations are: Saddam Hussein’s weapons of mass destruction, Assad’s use of chemical weapons, Iranian nukes, Russian invasion of Ukraine, and the official explanation by the US government for the destruction of Libya. If a person doubts official explanations such as these, that person is a “conspiracy theorist.”

Official and prevailing explanations do not have to be consistent with facts. It is enough that they are official and prevailing. Whether or not they are true is irrelevant. Therefore, a person who stands up for the truth can be labeled a conspiracy theorist, monitored, and perhaps pre-emptively arrested. [..] Consider Russiagate. Here we have an alleged conspiracy between Trump and Russia that was the official prevailing explanation. Yet, to believe in the Russiagate conspiracy did not make one a conspiracy theorist as this conspiracy was the official prevailing explanation. But to doubt the Russiagate conspiracy did make one a conspiracy theorist.

What the FBI report does, intentionally or unintentionally, is to define a conspiracist as a person who doubts official explanations. In other words, it is a way of preventing any accountability of government. Whatever the government says, no matter how obvious a lie, will have to be accepted as fact or we will be put on a list to be monitored for preemptive arrest. In effect, the FBI’s document reduces the First Amendment, that is, free speech, to the right to repeat official and prevailing explanations. Any other speech is a conspiratorial belief that can lead to the commission of a crime.

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The judge says she can pay the fines, but he’s the only one who thinks that.

Chelsea Manning Jailed For a YEAR For Refusing To Testify Against Assange (RT)

Refusal to testify against WikiLeaks is costing whistleblower Chelsea Manning over $400,000 in fines and another year in jail, after a federal judge ruled that she must pay for what he called contempt of court. Manning was jailed for refusing the subpoena to testify before a federal grand jury seeking additional charges against WikiLeaks and its co-founder Julian Assange, currently imprisoned in the UK. To compel testimony, the government also fined the whistleblower $500 a day, going up to $1000 after 60 days. Judge Anthony Trenga of the federal district court in Alexandria, Virginia shot down Manning’s motion to reconsider sanctions on Monday, the final chance to contest the steep fines.

After a review of “a substantial number of financial records documenting her assets, liabilities, and current and future earnings,” the court found “that Ms. Manning has the ability to comply with the Court’s financial sanctions,” Trenga wrote in his ruling. Though Manning is now deeply in debt and unable to work while in jail, the judge nonetheless concluded the fines were payable and therefore amounted to “coercive” sanctions allowed to compel cooperation or testimony, rather than being a purely punitive measure. “I am disappointed but not at all surprised. The government and the judge must know by now that this doesn’t change my position one bit,” Manning said in response.

She insisted that the fines were in fact punitive, because her inability and unwillingness to pay rendered any “coercive” aspect moot. She has already spent 147 days behind bars and owes $38,000 in fines as of August 7. If she remains jailed for another year, Manning could end up owing $441,000 to the government.

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Not everything scales up.

Tightening Nickel Supply Threatens Electric Vehicle Boom (SH)

For Tesla and its chief competitors in the race for global domination of electric vehicle sales, it ain’t all about lithium ion. There are other valuable metals needed to make the battery packs do what’s asked of them, with nickel being essential. Tesla and its battery producer partners, and other automakers and their suppliers, are worried about the longer-term supply of nickel according to a new study by BloombergNEF. The study predicts that EV makers will be driving demand for nickel about 16 times to 1.8 million tons in the next years. Class-one nickel, a high-purity material used in batteries, is expected to see demand greatly outstrip supply in the next few years. That will be fueled by meeting the large Chinese EV market, and other global markets where demand is expected to grow.


That need for class-one nickel will outstrip supply within five years, according to the study. One problem has been a lack of real investment in new mines for materials including nickel, Tesla’s global supply manager of battery metals, Sarah Maryssael, said at a Washington meeting in May. That could drive up prices as battery demand increases greatly. Tesla CEO Elon Musk is concerned about having enough economically viable — and available — metal to continue meeting its growing electric car demand. That will take off even more as the company taps into China’s booming markets. “They are getting ready to have the new factory in China, and are at full capacity in North America,’’ Peter Bradford, chief executive officer of nickel producer Independence Group NL, said. “They recognize the biggest risk from a strategic supply point of view is nickel.’’

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Kind of mad that this didn’t stop America from sending its young people to be killed and maimed in more jungles and deserts.

Apocalypse Now: Final Cut (G.)

‘Someday this war’s gonna end,” is the sage comment from surf-crazed Wagner enthusiast Lieutenant Colonel Kilgore, brusquely played by Robert Duvall. In fact, when Francis Ford Coppola’s grandiose epic masterpiece Apocalypse Now was first unveiled in 1979, the Vietnam war had only ended four years previously, and the succeeding Cambodian-Vietnamese war (where the film’s climax is set) was in full swing. Coppola’s bad trip into south-east Asia was co-written by John Milius with narration written by Michael Herr. It was inspired by Joseph Conrad’s novel Heart of Darkness, Herr’s own Vietnam reportage-memoir Dispatches and maybe at one further remove by Rudyard Kipling’s lines about the US taking up the white man’s imperial burden.


It was famously an ordeal for all concerned. The production involved a filming expedition in the Philippines that felt hardly less colossal and traumatic to the participants than the actual war, though it became commonplace in Hollywood’s Vietnam for the anguish of American soldiers, not that of the Vietnamese people themselves, to be seen as important. (The nearest that Vietnamese people get to actual importance in Apocalypse Now is the four South Vietnamese intelligence officers, executed by ColKurtz as Communist spies, whose ID cards we briefly see.) Like Lawrence of Arabia, moreover, this is a film without women – or mostly.


Marlon Brando in Apocalypse Now. Photograph: Allstar/United Artists

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“The study found that American agriculture has become 48 times more toxic to insects over the past 25 years and pinned 92 percent of the toxicity increase on neonicotinoids..”

Explosion of Toxic Pesticide Use Causes Insect Apocalypse in US (CD)

The rapid and dangerous decline of the insect population in the United States—often called an “insect apocalypse” by scientists—has largely been driven by an increase in the toxicity of U.S. agriculture caused by the use of neonicotinoid pesticides, according to a study published Tuesday in the journal PLOS One. The study found that American agriculture has become 48 times more toxic to insects over the past 25 years and pinned 92 percent of the toxicity increase on neonicotinoids, which were banned by the European Union last year due to the threat they pose to bees and other pollinators. Kendra Klein, Ph.D., study co-author and senior staff scientist at Friends of the Earth, said the United States must follow Europe’s lead and ban the toxic pesticides before it is too late.


“It is alarming that U.S. agriculture has become so much more toxic to insect life in the past two decades,” Klein said in a statement. “We need to phase out neonicotinoid pesticides to protect bees and other insects that are critical to biodiversity and the farms that feed us.” “Congress must pass the Saving America’s Pollinators Act to ban neonicotinoids,” Klein added. “In addition, we need to rapidly shift our food system away from dependence on harmful pesticides and toward organic farming methods that work with nature rather than against it.” According to National Geographic, neonics “are used on over 140 different agricultural crops in more than 120 countries. They attack the central nervous system of insects, causing overstimulation of their nerve cells, paralysis, and death.” With insect populations declining due to neonic use, “the numbers of insect-eating birds have plummeted in recent decades,” National Geographic reported. “There’s also been a widespread decline in nearly all bird species.”

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Amazon: ~2,700,000 sq mi (7,000,000 km2)

Contiguous US: ~3,100,000 sq mi (8,000,000 km2)

 

 

 

 

 

Jul 182019
 


Mathew Brady Abe Lincoln 1864

 

Showdown With Trump Looms As House Votes To Block Arms Sale To Saudi Arabia (AP)
House Votes Down Democrat’s Bid To Impeach Trump Over Recent Tweets (AP)
Feds End Investigation Into Trump Org And Hush Money Payments (CNN)
Foreign Purchases Of US Homes Plunge 36%, Chinese Flee The Market (CNBC)
New Zealand’s Armour-Plated Housing Bubble (Hickey)
Extraordinary Collapse In Home Ownership In Sydney And Melbourne (SMH)
Paradigm Shifts (Ray Dalio)
Ray Dalio Says Gold Top Investment During Upcoming ‘Paradigm Shift’ (CNBC)
US Removes Turkey From F-35 Program After S-400 Purchase From Russia (R.)
Chelsea Manning’s Daily Fines for Grand Jury Resistance Increase to $1000 (SP)

 

 

It’s showdowns all the way down. It would be good if they can do this one with a bit more smart. But they’re losing everything so far, so no high hopes. Of course it’s beyond gross to be chanting “send her home” at a rally. But he’s winning it all and they are not. The Democrats need a plan, they need brains, they need to organize.

Showdown With Trump Looms As House Votes To Block Arms Sale To Saudi Arabia (AP)

Congress is heading for a showdown with President Donald Trump after the House voted to block his administration from selling weapons and aircraft maintenance support to Saudi Arabia. The Democratic-led House on Wednesday passed the first of three resolutions of disapproval, 238-190, with votes on the others to immediately follow. Trump has actively courted an alliance with Riyadh and has pledged to veto the resolutions. The Senate cleared the measures last month, although by margins well short of making them veto proof. Overturning a president’s veto requires a two-thirds majority. The arms package is worth an estimated $8.1 billion and includes precision guided munitions, other bombs, ammunition, and aircraft maintenance support.

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Very predictable and therefore very stupid. It’s no time to start fights you can’t possibly win.

House Votes Down Democrat’s Bid To Impeach Trump Over Recent Tweets (AP)

The House easily killed a maverick Democrat’s effort Wednesday to impeach President Donald Trump for his recent racial insults against lawmakers of color, in a vote that provided an early snapshot of just how divided Democrats are over trying to oust him in the shadow of the 2020 elections. Democrats leaned against the resolution by Texas Rep. Al Green by about a 3-2 margin as the chamber killed the measure 332-95. The vote showed that so far, House Speaker Nancy Pelosi has been successful in her effort to prevent a Democratic stampede toward impeachment before additional evidence is developed that could win over a public that has so far been skeptical about ousting Trump.

Even so, the numbers also showed that the number of Democrats open to impeachment remains substantial. About two dozen more conversions would split the party’s caucus in half over an issue that could potentially dominate next year’s presidential and congressional campaigns. “There’s a lot of grief, from a lot of different quarters,” Green, speaking to reporters after the vote, said of the reaction he’s received from colleagues. “But sometimes you just have to take a stand.” Every voting Republican favored derailing Green’s measure.

Pelosi and other party leaders considered his resolution a premature exercise that needlessly forced vulnerable swing-district lawmakers to cast a perilous and divisive vote. It also risked deepening Democrats’ already raw rift over impeachment, dozens of the party’s most liberal lawmakers itching to oust Trump. Recent polling has shown solid majorities oppose impeachment. Even if the Democratic-run House would vote to impeach Trump, the equivalent of filing formal charges, a trial by the Republican-led Senate would all but certainly acquit him, keeping him in office.

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And here’s another loss. It doesn’t stop.

Feds End Investigation Into Trump Org And Hush Money Payments (CNN)

Federal prosecutors in New York have ended their investigation into the Trump Organization’s role in hush money payments made to women who alleged affairs with President Donald Trump and have been ordered by a judge to release additional information connected to their related probe of former Trump lawyer Michael Cohen, according to court documents filed Wednesday. CNN reported Friday that the Manhattan US Attorney’s office had approached the end of its investigation of the Trump Organization and wasn’t poised to charge any executives involved in the company’s effort to reimburse Cohen for money he paid to silence one of the women. That payment constituted an illegal campaign contribution, according to prosecutors. Trump has denied the affair allegations.

“The campaign finance violations discussed in the Materials are a matter of national importance,” US District Court Judge William Pauley wrote in his decision. “Now that the Government’s investigation into those violations has concluded, it is time that every American has an opportunity to scrutinize the Materials.” Pauley ordered a copy of the government’s July status report and copies of search warrant materials from the Cohen case to be filed publicly with very limited redactions by Thursday at 11 a.m. ET. The conclusion of federal prosecutors’ investigation of the Trump company’s role in the Cohen matter marks a significant victory for the President’s family business, although it likely doesn’t come as a complete surprise.

There had been no contact between the Manhattan US Attorney’s office and officials at the Trump Organization in more than five months, CNN reported Friday. A lawyer for Trump, Jay Sekulow, said: “We are pleased that the investigation surrounding these ridiculous campaign finance allegations is now closed. We have maintained from the outset that the President never engaged in any campaign finance violation.”

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I see many Chinese tourists here in Athens. And often think Beijing can’t let that trend continue, because these people can’t pay for their trips in yuan. But yes, it’s easier to start with halting the outflow of larger amounts.

Foreign Purchases Of US Homes Plunge 36%, Chinese Flee The Market (CNBC)

Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes. The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. The decline was due to a drop in the number and average price of purchases. Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 valued at $121 billion in the previous period. They paid a median price of $280,600, which is higher than the median for all existing homebuyers ($259,600), but it was down from $290,400 the previous year.


“A confluence of many factors — slower economic growth abroad, tighter capital controls in China, a stronger U.S. dollar and a low inventory of homes for sale — contributed to the pullback of foreign buyers,” said Lawrence Yun, NAR’s chief economist. “However, the magnitude of the decline is quite striking, implying less confidence in owning a property in the U.S.” The Chinese were the leading buyers for the seventh consecutive year, purchasing an estimated $13.4 billion worth of residential property. Yet that was a 56% decline from the previous 12 months and comparatively the biggest percentage drop of all foreign buyers. Chinese economic growth slowed to 6.3% in 2019 compared with 6.9% in 2017, when the previous buyer survey began. The Chinese government also tightened its grip on the outflow of cash to purchase foreign property.

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New Zealand housing, like Australia and Vancouver, depends on the Chinese too.

New Zealand’s Armour-Plated Housing Bubble (Hickey)

New Zealanders usually welcome the praise when overseas authorities describe us as the best in the world. This time, not so much. In the past fortnight, global economic news authorities The Economist and Bloomberg Economics have both declared New Zealand houses to be vastly over-valued relative to both rents and incomes. They describe New Zealand as in bubble territory similar to those seen in other countries before the Global Financial Crisis and vulnerable to the sort of 30-40 percent price crash seen in the likes of Ireland and parts of the US through 2007 to 2010. The Economist’s long-running Global House Price Index was refreshed on June 27 with March quarter data for most countries and showed New Zealand top of the pops when it came to over-valuation relative to incomes and second most over-valued relative to rents behind Canada.

It found New Zealand prices in the December quarter of 2018 to be 57 percent over-valued relative to rents, just above Australia’s 42 percent overvalued in the March quarter. New Zealand was 113 percent over-valued relative to rents, just behind Canada’s 120 percent, The Economist found. New Zealand prices have more than trebled since 1990, while British and American prices are still less than double what they were 30 years ago. “On this basis, house prices appear to be on an unsustainable path in Australia, Canada and New Zealand,” The Economist wrote. “Ten years ago they reached similarly dizzying heights against rents and incomes in Spain, Ireland and some American cities, only to endure a brutal collapse,” it concluded.

[..] New Zealand’s housing market is now worth NZ$1.13 trillion, which is up by more than $1 trillion from NZ$123 billion in 1990. The increase is more than triple because there are more houses with more extras (decks/garages/rooms) added on. That’s $1 trillion in untaxed capital gains, which at the top marginal rate would have generated extra tax revenues of $330 billion, or enough to build nearly 700,000 new state houses or fund the next 14 years of New Zealand Superannuation payments. Our housing market is worth 3.9 times our GDP and more than 7.2 times the value of our stock market. For comparison sake, Australia’s housing market is worth A$6.6 trillion or 3.5 times Australia’s GDP and 3.3 times the value of its stock market. America’s housing market is worth US$33.3 trillion or 1.6 times US GDP and 1.5 times the value of the US stock market.

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Governments like bubbles.

Extraordinary Collapse In Home Ownership In Sydney And Melbourne (SMH)

The number of people owning their home outright has collapsed by a third as house prices have soared four-fold over the past two decades, leaving a growing number of older Australians shackled to mortgages as they head into retirement. In the mid-1990s, almost 44 per cent of people in NSW owned their home outright, but according to the Australian Bureau of Statistics this has now fallen to just 29.7 per cent. At the same time, the proportion of people in NSW with a mortgage has jumped by more than 30 per cent, with many of those heading towards their retirement years. The swing from ownership to mortgage has occurred over the past 20 years as the median house price in Sydney lifted by 460 per cent, even taking into account the recent market softening.

It’s a similar story in Victoria, where in the mid-1990s more than 45 per cent of people were mortgage-free, but now that figure has fallen to just 31 per cent. Victorians are among the most exposed to changing interest rates, with more than 37 per cent of people holding a mortgage. Two decades ago less than 30 per cent held a housing debt with their bank. Over the same period, the median house price in Melbourne has soared from $126,131 to $806,000. The Northern Territory has the smallest proportion of people who own their home outright, at just 17 per cent. Among the states, just 27 per cent of residents in Queensland and Western Australia enjoy life without a mortgage or rental payments.

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Dalio channels Minsky: stability leads to instability. He must be aware of that.

Paradigm Shifts (Ray Dalio)

There are always big unsustainable forces that drive the paradigm. They go on long enough for people to believe that they will never end even though they obviously must end. A classic one of those is an unsustainable rate of debt growth that supports the buying of investment assets; it drives asset prices up, which leads people to believe that borrowing and buying those investment assets is a good thing to do. But it can’t go on forever because the entities borrowing and buying those assets will run out of borrowing capacity while the debt service costs rise relative to their incomes by amounts that squeeze their cash flows. When these things happen, there is a paradigm shift.

Debtors get squeezed and credit problems emerge, so there is a retrenchment of lending and spending on goods, services, and investment assets so they go down in a self-reinforcing dynamic that looks more opposite than similar to the prior paradigm. This continues until it’s also overdone, which reverses in a certain way that I won’t digress into but is explained in my book Principles for Navigating Big Debt Crises [..] Another classic example that comes to mind is that extended periods of low volatility tend to lead to high volatility because people adapt to that low volatility, which leads them to do things (like borrow more money than they would borrow if volatility was greater) that expose them to more volatility, which prompts a self-reinforcing pickup in volatility.

There are many classic examples like this that repeat over time that I won’t get into now. Still, I want to emphasize that understanding which types of paradigms exist and how they might shift is required to consistently invest well. That is because any single approach to investing—e.g., investing in any asset class, investing via any investment style (such as value, growth, distressed), investing in anything—will experience a time when it performs so terribly that it can ruin you.

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Think he means that for pension funds as well?

Ray Dalio Says Gold Top Investment During Upcoming ‘Paradigm Shift’ (CNBC)

Hedge fund kingpin Ray Dalio is seeing a case for gold as central banks get more aggressive with policies that devalue currencies and are about to cause a “paradigm shift” in investing. Dalio, founder of the world’s largest hedge fund, wrote in a LinkedIn post that investors have been pushed into stocks and other assets that have equity-like returns. As a result, too many people are holding these types of securities and likely to face diminishing returns. “I think these are unlikely to be good real returning investments and that those that will most likely do best will be those that do well when the value of money is being depreciated and domestic and international conflicts are significant, such as gold,” the Bridgewater Associates leader said.

“Additionally, for reasons I will explain in the near future, most investors are underweighted in such assets, meaning that if they just wanted to have a better balanced portfolio to reduce risk, they would have more of this sort of asset. For this reason, I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio. I will soon send out an explanation of why I believe that gold is an effective portfolio diversifier.” [..] Dalio’s call comes two weeks before the Federal Reserve is expected to cut its benchmark interest rate by at least a quarter point. That move comes after a three-year cycle of raising rates from the historically accommodative near-zero levels implemented during the financial crisis.

The fresh trends are part of what he labeled a new “paradigm shift” that comes after the last one during the crisis. Investors, Dalio said, are going to need to change their mindset about what will work after the longest bull market run in Wall Street history. “In paradigm shifts, most people get caught overextended doing something overly popular and get really hurt,” he wrote. “On the other hand, if you’re astute enough to understand these shifts, you can navigate them well or at least protect yourself against them.”

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“Turkey makes more than 900 parts of the F-35..”

US Removes Turkey From F-35 Program After S-400 Purchase From Russia (R.)

The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet program, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defense system last week. The first parts of the S-400 air defense system were flown to the Murted military air base northwest of Ankara on Friday, sealing NATO ally Turkey’s deal with Russia, which Washington had struggled for months to prevent. “The U.S. and other F-35 partners are aligned in this decision to suspend Turkey from the program and initiate the process to formally remove Turkey from the program,” Ellen Lord, the undersecretary of defense for acquisition and sustainment, told a briefing.

Turkey’s foreign ministry said the move was unfair and could affect relations between the two countries. Lord said moving the supply chain for the advanced fighter jet would cost the United States between $500 million and $600 million in non-recurring engineering costs. Turkey makes more than 900 parts of the F-35, she said, adding the supply chain would transition from Turkish to mainly U.S. factories as Turkish suppliers are removed. “Turkey will certainly and regrettably lose jobs and future economic opportunities from this decision,” Lord said. “It will no longer receive more than $9 billion in projected work share related to the F-35 over the life of the program.”

The F-35 stealth fighter jet, the most advanced aircraft in the U.S. arsenal, is used by NATO and other U.S. allies. Washington is concerned that deploying the S-400 with the F-35 would allow Russia to gain too much inside information about the aircraft’s stealth system. “The F-35 cannot coexist with a Russian intelligence collection platform that will be used to learn about its advanced capabilities,” the White House said in a statement earlier on Wednesday.

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One of my greatest heroes. She does what Muhammad Ali did.

Chelsea Manning’s Daily Fines for Grand Jury Resistance Increase to $1000 (SP)

Daily fines against Chelsea Manning for resisting a grand jury investigating WikiLeaks increased to $1000 on July 16. On May 16, Judge Anthony Trenga held Manning in civil contempt and ordered her to be sent back to the William G. Truesdale Adult Detention Center in Alexandria. The court also imposed a fine of $500 per day after 30 days, and then a fine of $1000 per day after 60 days. From June 16 to July 15, the court fined her $500/day. Those fines total $15,000. If Manning “persists in her refusal” for the next 15 months or until the grand jury’s term ends, her legal team says she will face a total amount of fines that is over $440,000. This excessive amount may violate her Eighth Amendment rights under the Constitution.


In May, Manning’s attorneys filed a motion challenging the harshness of the fines. The federal court has yet to rule on the motion or hold a hearing. The motion asserted there is no “appropriate coercive sanction” because Manning will never testify. She should be released from jail and relieved of all fines. “Ms. Manning has publicly articulated the moral basis for her refusal to comply with the grand jury subpoena, in statements to the press, in open court, and most recently, in a letter addressed to this court,” her attorneys stated. “She is suffering physically and psychologically, and is at the time of this writing in the process of losing her home as a result of her present confinement.”

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Jul 022019
 


Salvador Dali Apparition of My Cousin Carolinetta on the Beach at Rosas 1934

 

Rich Get Richer, Everyone Else Not So Much In Record US Expansion (R.)
Japan Inc’s Inflation Expectations Stagnate (R.)
Moon Calls DMZ Meeting End To North Korea-US Hostile Relations (Y.)
Only Trump Could Go To North Korea (Luongo)
Chinese State Paper Calls For ‘Zero Tolerance’ Over Hong Kong Protests (R.)
Southwest Expects Boeing 737 MAX Cancellations Beyond Oct. 1 (R.)
USTR Proposes $4 Billion In Additional Tariffs Over EU Aircraft Subsidies (R.)
New York Governor Cuomo Orders Probe Into Facebook’s Advertising Platform (R.)
How Merkel’s Plan For EU Top Jobs Fell Apart (Pol.eu)
Chelsea Manning on the 50th Anniversary of Stonewall (M.)
Academics Publicly Attacking UN Torture Rapporteur (Suzie Dawson)

 

 

Richer faster. And poorer faster. This will implode.

Rich Get Richer, Everyone Else Not So Much In Record US Expansion (R.)

Welcome to the longest U.S. economic expansion in history, one perhaps best characterized by the excesses of extreme wealth and an ever-widening chasm between the unfathomably rich and everyone else. Indeed, as the expansion entered its record-setting 121st month on Monday, signs of a new Gilded Age are all over. Big-money deals are getting bigger, from corporate mergers and acquisitions, to individuals buying luxury penthouses, sports teams, yachts and all-frills pilgrimages to the ends of the earth. And while these deals grab headlines, there is a deeper trend at work. The number of billionaires in the United States has more than doubled in the last decade, from 267 in 2008 to 607 last year, according to UBS.


“The rich have gotten richer and they’ve gotten richer faster,” said John Mathews, Head of Private Wealth Management and Ultra High Net Worth at UBS Global Wealth Management. “The drive or the desire for consumption has just gone upscale.” But there are also signs of struggle and stagnation at lower-income levels. The wealthiest fifth of Americans hold 88% of the country’s wealth, a share that has grown since before the crisis, Federal Reserve data through 2016 shows. Meanwhile, the number of people receiving federal food stamps tops 39 million, below the peak in 2013 but still up 40% from 2008 even though the country’s population has only grown about 8%.

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How many decades now? You cannot scare people into spending their savings. Quit trying.

Japan Inc’s Inflation Expectations Stagnate (R.)

Japanese companies’ expectations for inflation over the next year stagnated, a Bank of Japan survey showed on Tuesday, adding pressure on the central bank to expand stimulus as the bitter U.S.-China trade war clouds economic prospects. Companies expect consumer prices to have risen 0.9% a year from now, unchanged from their projection three months ago and well below the BOJ’s 2% inflation target, according to the central bank’s detailed “tankan” survey for June. Firms expect consumer prices to have risen by an annual 1.0% three years from now, down slightly from 1.1% in the previous survey. Companies also saw inflation at 1.1% five years ahead, unchanged from three months ago.


The survey underscores the challenge of the BOJ’s monetary experiment that aims to boost inflation expectations with heavy money printing, in hope of prodding companies and households to boost spending now rather than save. “Six years have past since the BOJ deployed a radical stimulus and there’s no sign inflation expectations are approaching its 2% price target,” said Yasunari Ueno, chief market economist at Mizuho Securities. “There’s also no change to Japan’s deflationary structure created by a mix of a lack of demand and excess capacity.” The BOJ is maintaining a massive stimulus program to sustain a moderate economic expansion, so that companies will gradually raise wages and help push up inflation to its target.

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“More than 100,000 U.S. citizens reside in Seoul alone..”

Moon Calls DMZ Meeting End To North Korea-US Hostile Relations (Y.)

President Moon Jae-in said Thursday that North Korea and the United States have effectively declared an end to their hostile relations with the symbolic weekend meeting between their leaders at the inter-Korean border. Although they did not sign any document, their action was tantamount to a “de facto declaration of an end to hostile relations and the beginning of a full-fledged peace era,” Moon stressed, speaking at a Cabinet meeting. He was referring to a meeting between U.S. President Donald Trump and North Korean leader Kim Jong-un at the truce village of Panmunjom in the Demilitarized Zone (DMZ) on Sunday.

Trump even stepped over into North Korea, together with Kim, becoming the first sitting American president to set foot in the communist nation. The U.S. and North Korea fought fiercely against each other during the 1950-53 Korean War, which ended in an armistice. The two Koreas remain technically at war, as a formal peace treaty has yet to be signed. Moon had a brief three-way meeting with Kim and Trump at Panmunjom, although he stayed away from their talks, which lasted for nearly an hour. Moon also offered an account of his joint visit with Trump to a DMZ observation post, named Ouellette.

He noted that it marked the first time the presidents of the allies had traveled to the DMZ together. It was also meaningful, Moon added, that he and Trump wore suits, not military uniforms or bulletproof vests. Moon told Trump there that half of the South Korean population of 51 million live in Seoul and nearby Gyeonggi Province, as little as 40 kilometers away from the inter-Korean border. More than 100,000 U.S. citizens reside in Seoul alone, he added.

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“Trump presumably had a good meeting with Russian President Vladimir Putin which likely set the stage for his meeting with Chairman Kim Jong-un.”

Only Trump Could Go To North Korea (Luongo)

Donald Trump did the unthinkable. He went to North Korea. He stepped over the line in the sand demarked by Washington protocol for nearly seventy years. And that Washington establishment, predictably, hates him for it. It can be felt from all sides of the political rotunda. They hate that Trump realizes their position, one of maximum pressure, isn’t working. They despise that Russia and China will benefit from ending this frozen conflict not to mention Koreans on both sides of the DMZ. The cynic in me thinks they are angry that the American people will benefit as well. So this weekend was a good one for peaceniks around the world. Trump and Chinese Premier Xi Jinping agreed to back down on the worst of his trade war demands.

Trump presumably had a good meeting with Russian President Vladimir Putin which likely set the stage for his meeting with Chairman Kim Jong-un. Remember Kim met with Putin earlier this year and designated him as his go-between with Trump after the talks in Hanoi fell apart. This event should not be downplayed. Trump showed great humility and generosity towards Kim at the moment of truth. We should be cheering this regardless of what we think of him personally. Diplomacy is not groveling. It is the acknowledgment of the other person’s basic humanity, a fundamental point lost in the political cesspit that is D.C. Because of his previous mistakes and belligerence, only Trump could have made the walk across the DMZ to meet Kim on his territory.

Only someone as blunt as Trump could cut through the nonsense that North Korea isn’t capable of independent action. And only people so full of bile and despite would not be happy about this. Only people so enthralled with the thought of war and their own political and social ambitions would look at this event and seek to tear it down. These are the people who lost yesterday in Trump’s historic and brilliant bit of diplomacy. And they are complaining bitterly about it today. Everyone else wins.

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Scary. Xi can’t afford to lose this much face.

Chinese State Paper Calls For ‘Zero Tolerance’ Over Hong Kong Protests (R.)

A Chinese state paper on Tuesday called for “zero tolerance” after protestors in Hong Kong stormed and ransacked the city’s legislature following a day of protests against a controversial extradition bill. Tensions over the weeks-long movement against the bill escalated on Monday, and Hong Kong police fired tear gas early on Tuesday to disperse hundreds of defiant protesters who had occupied the city’s legislature on the anniversary of Hong Kong’s 1997 return to Chinese rule. “Out of blind arrogance and rage, protestors showed a complete disregard for law and order,” the Global Times, published by the ruling Communist Party’s People’s Daily, said in an editorial.


“Chinese society is all too aware that a zero-tolerance policy is the only remedy for such destructive behavior witnessed. Otherwise, and without this policy, it would be similar to opening a Pandora’s Box,” it said. Opponents of the extradition bill, which would allow people to be sent to mainland China for trial in courts controlled by the Communist Party, fear it is a threat to Hong Kong’s much-cherished rule of law. In a separate editorial, the state-run China Daily reiterated the principle of “one country, two systems” in Hong Kong — a formula that allows freedoms not enjoyed in mainland China — saying the former British colony is an “inalienable” part of the China, and that Hong Kong affairs concern China.

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Keep pushing it forward…

Southwest Expects Boeing 737 MAX Cancellations Beyond Oct. 1 (R.)

Southwest Airlines expects it will have to remove the grounded Boeing 737 MAX jets from its flying schedule beyond the current Oct. 1 re-entry date following the discovery of a fresh safety issue, Chief Executive Gary Kelly told employees on Monday. Last week, Boeing said that it would take until at least September to solve 737 MAX software issues – later than airlines had been expecting – after U.S. aviation regulators uncovered a new problem during simulator sessions. “I’m sure this will cause us to have to take the MAX out of the schedule beyond Oct. 1,” Kelly said in an internal update, adding that the company would also see “what other modifications we might need to make our plans for this year because it’s obviously extending well beyond what I had hoped.”


Kelly did not elaborate on the possible modifications. So far, the Texas-based airline has tried to substitute its MAX routes with spare aircraft but has still been forced to cancel about 115 daily flights. American Airlines Group and United Airlines Holdings, the other two U.S. carriers that operate the 737 MAX, have removed the jetliner from their flying schedules until early September. The three airlines are expected to provide more details on the financial toll of a prolonged MAX grounding during second quarter results later in July.

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Subsidies are not Boeing’s main problem.

USTR Proposes $4 Billion In Additional Tariffs Over EU Aircraft Subsidies (R.)

Just days after reaching a truce in the U.S.-China trade war, the U.S. government on Monday ratcheted up pressure on Europe in a long-running dispute over aircraft subsidies, threatening tariffs on $4 billion of additional EU goods. The U.S. Trade Representative’s office released a list of additional products – including olives, Italian cheese and Scotch whiskey – that could be hit with tariffs, on top of products worth $21 billion that were announced in April. USTR said it was adding 89 tariff sub-categories to its initial list, including a variety of metals, in response to public comments, but gave no further explanation. Over 40 individuals testified about products included on the initial list at a public hearing on May 15 and 16.


The United States and the EU have threatened to impose billions of dollars of tit-for-tat tariffs on planes, tractors and food in a nearly 15-year dispute at the World Trade Organization over aircraft subsidies given to U.S. planemaker Boeing and its European rival, Airbus. Senior officials from Boeing and a U.S. aerospace trade group urged the U.S. government last month to narrowly tailor any tariffs imposed on the EU over illegal aircraft subsidies to avoid harming American manufacturers.

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Blah.

New York Governor Cuomo Orders Probe Into Facebook’s Advertising Platform (R.)

New York Governor Andrew Cuomo on Monday ordered the U.S. Department of Financial Services to investigate reports that state-regulated advertisers were using Facebook Inc’s advertising platform in a discriminatory manner. This is the second investigation that the state governor has ordered into the social media company this year. In February, Cuomo ordered two state agencies to investigate a report that Facebook may be accessing far more personal information from smartphone users, including health and other sensitive data, than had previously been known.


On Monday, Cuomo cited reports which said the social network allows advertisers to modify or block ads using ZIP code information to exclude consumers based on race, color, national origin, religion, familial status, sex and disability, among other classifications. The company is facing a similar probe at the federal level, in which the Trump administration has accused Facebook of selling targeted advertising that discriminated on the basis of race, in violation of the U.S. Fair Housing Act. The probes have come despite Facebook agreeing in March to overhaul its paid advertising platform, as part of a wide-ranging settlement with U.S. civil rights groups, which had filed five separate lawsuits accusing the company of enabling discrimination in advertising.

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The entire union risks falling apart.

How Merkel’s Plan For EU Top Jobs Fell Apart (Pol.eu)

It was a humiliation, the likes of which Angela Merkel had never experienced in her thirteen and a half years as chancellor of Germany, and as the undisputed supremo of the EU’s dominant political family, the center-right European People’s Party. With EPP leaders, including at least six of the party’s other prime ministers and presidents, arrayed before her at the neoclassical Academy Palace in downtown Brussels on Sunday afternoon, Merkel laid out a plan for filling the EU’s top leadership posts that would install Frans Timmermans, a Social Democrat, as Commission president, the bloc’s top job, instead of the EPP’s own nominee, German MEP Manfred Weber.

What she proposed would amount to a stunning climbdown for the conservative party that has long commanded the leading role on the EU stage and currently holds the presidencies of the European Commission, Council and Parliament. Under Merkel’s plan, which she had agreed with a small group of other leaders on the sidelines of a G20 summit in Osaka, Japan, the EPP would have been left with only the Parliament post and the job of high representative for foreign policy. Party bigwigs, including some of her fellow national leaders, were livid. And they quickly gave voice to their rage at the Sunday EPP meeting ahead of an EU summit — complaining the deal had been thrust upon them with no consultation, and that they would not support it. No one rose to her defense.

“Not a single intervention in favor,” said one senior EPP member. “People were very angry.” Merkel, the senior EPP member said, arrived “thinking that it was a little gathering, and that the Osaka agreement would be agreed.” Instead, “everybody said no … It was impossible.” The official said Merkel had not consulted with her fellow EPP leaders before sealing the deal in Japan. “There was no organization and it was all out of the blue,” the official said, adding “Merkel was highly surprised at the lack of agreement.”

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“Our acts of defiance became exhibitions. Our love and rage were commodified turned into something that could be packaged and branded and sold.”

Chelsea Manning on the 50th Anniversary of Stonewall (M.)

The following is a message from Chelsea Manning, who is currently being jailed for a resisting a grand jury in Alexandria, VA. The statement was relayed by her supporters on June 30th, 2019, during the NYC Queer Liberation March, on the occasion of the 50th anniversary of the Stonewall Uprising: “Friends, I’m deeply saddened that I can not be here with you today. A few months ago, while speaking on the phone from jail with one of my friends out in Brooklyn, I came to a startling realization. I said: “I remember growing up as a kid searching for someone to look up to – someone to lean on for inspiration. I needed a role model. Right then I realized, the thing I needed as a young kid is now available. I said, Wow, look at all these kids and teens and young adults in the queer community – They found each other.


I felt something so profound that I broke down crying, and my friend did too. I finally felt that word that gets thrown around so much I felt PRIDE. I almost yelled into the phone: I m so fucking proud of my community. I m proud of you. I m proud of what we have, of what we ve built together. Despite everything, we as a community face daunting challenges every day. The world feels colder and more alien. Our society constantly reminds us in both obvious and subtle ways of the need for us to meet their standards. To meet their expectations. We somehow always need their approval. Our spaces changed. Our neighborhoods gentrified. Our protests became parades. Our acts of defiance became exhibitions. Our love and rage were commodified turned into something that could be packaged and branded and sold.

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Story: 200+ academics sent an Open Letter to UN officials protesting the way Nils Melzer defined “rape” in his op-ed. Now the narrative is not Assange’s torture, but the rape he never committed.

Why, as an academic, would you want to become part of the smear team? Suzie offeres a very personal reaction to it all, and dissects the flawed accusations.

Academics Publicly Attacking UN Torture Rapporteur (Suzie Dawson)

I am a survivor of rape, gang rape and the abusive police process I was subjected to when I reported it and I am fed up with watching sexual violence being used as a cover for political attacks on Julian Assange, his colleagues and his supporters. I am not alone. Numerous other survivors have reached out to me tonight expressing the same sentiment and we deserve to be heard. Today, members of what is supposedly a women’s advocacy group published an open letter addressed to UN top brass, from the Secretary-General on down, complaining about an article written by UN Special Rapporteur on Torture Nils Melzer and attempting to call into question his suitability for his role.

Melzer has recently transformed the debate around 2019 Nobel Peace Prize Nominee Julian Assange’s situation by formally finding that Assange is a victim of state-sponsored (and publicly perpetuated) psychological torture. The content of the open letter undermining Melzer is founded on a premise of advocating for and protecting the rights of women and of survivors of sexual violence. Yet when I self-identified as a survivor in tweets to the organisers of the open letter and dissented against their opinions, they belittled me and were dismissive of my arguments.

Yes, the very women who should have been most sincere about unpacking the experiences and feelings of a survivor of sexual assault could not muster a single shred of empathy for me, nor did they express even the mildest concern for my wellbeing or safety, despite my clearly having been triggered by the conversation. The very women who complained in their open letter against Melzer, of “insensitivity to victims of sexual assault” and “..a profound lack of understanding…” were themselves apparently incapable of demonstrating any sensitivity or understanding when dealing directly with a survivor.

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May 252019
 


 

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.

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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?

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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.

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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.

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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.”

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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.

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“..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.

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“..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.

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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.”

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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.

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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”.

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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.”

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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
 


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.”

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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.

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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…

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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.

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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.

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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.

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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.

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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.

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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.

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“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.

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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.

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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

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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.

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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.

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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.”

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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.

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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.’”

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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.”

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“..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.

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“..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.

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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.”

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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.

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“.. 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.”

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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.

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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.

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