Nov 172019
 


Pablo Picasso Chair 1942

 

Ex-NSC Official Claims Sondland Said He Was Directed By Trump On Ukraine (CNN)
Prince Andrew Denies Sex With 17 Year Old, Says He Was At Pizza Express (Ind.)
High-Stakes Gamble On TV Interview Over Epstein Backfires On Prince Andrew (G.)
Boeing Pressures FAA To Re-Approve 737 MAX, Staff Beg Not To Fly In It (BI)
Macron Plays Fox in the EU Hen House (Spiegel)
Saudi Aramco IPO Set To Value Company Up To $1.7 Trillion (CNBC)
Iran Gas Price Hike Protests Escalate (RT)
Hong Kong Protesters Hurl PETROL BOMBS, Shoot ARROWS At Police (RT)
Tensions Run High During Yellow Vests Protests (RT)
Bolivia Death Toll Mounts Amid Pro-Evo Morales Protests (BBC)
Chile Agrees To Replace Pinochet Constitution Amid Turbulent Protests (AP)

 

 

The smell that emanates from this is something in the vein of : “How dare a president be involved in foreign policy?” Sure, Sondland is an out of place character, but to label this ‘interference’ is odd. “At the NSC, “we have a way we do things that works,” talking about regular vs irregular foreign policy channels. But the thing is that Trump didn’t trust the regular channels; he thought they’d protect Biden, and keep the focus on Russia Russia.

Is Trump dangerous for asking for a Burisma investigation? Or is he merely a problem for the State Lifers and their backers? Want to check what the Constituion says about foreign policy?

Ex-NSC Official Claims Sondland Said He Was Directed By Trump On Ukraine (CNN)

Gordon Sondland, the American envoy to the European Union, was acting at President Donald Trump’s instruction in his dealings with Ukraine, and Sondland said that the President told him Ukrainian President Volodymyr Zelensky “must announce the opening of the investigations,” according to the closed-door deposition of a former National Security Council official. Former NSC official Tim Morrison testified that he had heard from Sondland that US aid to Ukraine was conditioned on the country announcing an investigation into former Vice President Joe Biden and his son Hunter Biden.

Morrison’s testimony, which was released by House impeachment investigators on Saturday, adds additional corroboration to the testimony of others, like US diplomat Bill Taylor, that Sondland said he was acting at Trump’s direction when he was urging Ukraine to announce political investigations. Morrison’s testimony will only fuel questions about Sondland’s closed-door interview, which has been called into question based on the testimony others have given about his conversations with Trump. Sondland is scheduled to testify publicly before the House Intelligence Committee on Wednesday. House impeachment investigators also released Saturday the transcript of Jennifer Williams, an aide to Vice President Mike Pence, who listened into the July 25 call along with Morrison.

While Morrison did not take specific issue with the content of Trump’s call with Zelensky, both aides described their concerns as they listened to Trump discussing political investigations. Morrison’s testimony also added additional detail explaining how the call ended up on a highly secure server outside of normal channels. Morrison, who is scheduled to testify publicly on Tuesday, described how Sondland was a “problem” as he operated in what previous witness testimony described as irregular foreign policy channels. And he recalled Sondland speaking directly to Trump about the investigations and the military aid. “He related to me he was acting – he was discussing these matters with the President,” Morrison said.

[..] Morrison said Sondland was a concern for his predecessor, former White House Russia expert Fiona Hill, who is also scheduled to testify publicly next week. “She described Ambassador Sondland as a problem,” Morrison said, recounting a conversation they had about Sondland. “We both discussed that Ukraine was not in the EU, which led to the follow-on question of, why is he involved in Ukraine? And, as I mentioned, she mentioned Burisma, which I nearly did not know what that was.” Morrison explained their concern: “It was less about his role in Ukraine and more about how he conducted himself. He did not participate in the process. So we are very process-oriented on the NSC; we have a way we do things that works. And so when people come in and get involved in issues and they’re not of that process, it creates risk.”

Read more …

He can’t for the life of him remember meeting Virginia Giuffre, but he distinctly remembers going for pizza.

Prince Andrew Denies Sex With 17 Year Old, Says He Was At Pizza Express (Ind.)

Prince Andrew has claimed he could not have had sex with a 17-year-old girl on the night he is accused of doing so – because he had taken his daughter to Pizza Express in Woking. Giving an unprecedented television interview to address claims surrounding his friendship with billionaire sex offender Jeffery Epstein, the Duke of York denied having sex with Virginia Giuffre in 2001. [..] “On that particular day, that we now understand is the date which is the 10th of March, I was at home,” the duke said. “I was with the children and I’d taken Beatrice to a Pizza Express in Woking for a party at I suppose, sort of, four or five in the afternoon.

“And then because the duchess [of York] was away, we have a simple rule in the family that when one is away, the other one is there.” When asked why he remembered the specific trip to the restaurant, he replied: “Because going to Pizza Express in Woking is an unusual thing for me to do, a very unusual thing for me to do. “I’ve never been … I’ve only been to Woking a couple of times and I remember it weirdly distinctly. “As soon as somebody reminded me of it, I went: ‘Oh yes, I remember that’.”

[..] The duke went on to question the validity of a photograph with his arm around Ms Giuffre in London – saying it was not possible to prove if the image had, or had not, been faked. He said: ”I don’t believe it’s a picture of me in London because when I would out to… When I go out in London, I wear a suit and a tie. “That’s what I would describe as… those are my travelling clothes if I’m going to go… If I’m going overseas.” He added: ”Nobody can prove whether or not that photograph has been doctored but I don’t recollect that photograph ever being taken.”

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What a trainwreck of a man. Saw Epstein umpteen times, a man who everybody says was always surrounded by minor girls, but not during all those times Andrew was around, in London, New York, pedo island.

High-Stakes Gamble On TV Interview Over Epstein Backfires On Prince Andrew (G.)

The prince’s answers are likely to ensure he remains in the headlines for the conceivable future, and several commentators have condemned his approach. Catherine Mayer, founder of the Women’s Equality Party, tweeted that the prince was “too stupid to even pretend concern for Epstein’s victims”. Charlie Proctor, editor of the Royal Central website, said: “I expected a train wreck. That was a plane crashing into an oil tanker, causing a tsunami, triggering a nuclear explosion level bad.” It is known that some close to the prince had reservations about how the interview – reportedly the result of six months of negotiations with the royal household – would play out.

Jason Stein, who previously worked for the former work and pensions secretary Amber Rudd, recently quit as an adviser to the prince after less than a month. It is understood he had disagreed with the decision to go ahead with the interview. It is claimed that the prince sought permission from the Queen before giving it, and that she gave her consent early last week. In the interview, the prince said that with “hindsight” his decision to stay at Epstein’s house was “definitely the wrong thing to do”. Giuffre’s lawyers did not respond to requests for comment but her Twitter account retweeted a comment from the former editor of the Northern Echo, Peter Barron, who said: “Astonishing decision by the royal family to go ahead with this Prince Andrew confessional interview in the hope it would draw a line under the scandal. It will have the opposite effect.”

[..] Giuffre’s lawyer, Jack Scarola, told Mail Online the prince should agree to an interview “under oath” instead of giving statements to the media that carry “little weight”. He said: “I believe there is an ongoing investigation in New York by the FBI under the supervision of the US Attorney’s office into those involved in facilitating Jeffrey Epstein’s abuse. “I would love to see Prince Andrew submit to an interview under oath with the investigating authorities. Talking to the media doesn’t quite cut it. Statements that are not under oath carry little weight.”


Prince Andrew: I don’t do public displays of affection

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Getting antsy: “Asking the FAA to let Boeing deliver newly-manufactured 737 MAXes to clients before it is approved to fly..” Wait, how are you going to deliver them then?

Boeing Pressures FAA To Re-Approve 737 MAX, Staff Beg Not To Fly In It (BI)

Boeing is exerting pressure on the Federal Aviation Administration to speed up the approval of its 737 Max jet to fly again, according to multiple reports, and seemingly confirmed by the agency’s head. At the same time, airline crew and pilots are pushing back against any expedited timescale for the Max’s return, with some begging not to be assigned to the jets even after they return to service. The Max has been grounded for eight months, since the second of two fatal crashes which killed more than 300 people between them. The approval process centers on proposed fixes to an automated flight control system which malfunctioned in the two crashes. It has taken far longer than many in the aviation industry expected.

According to The New York Times and the Reuters news agency, Boeing has pushed the FAA on two fronts in the hope of getting the plane back in the air faster: • Pushing for pilots to test the new software on flight simulators before the FAA has finished vetting it. • Asking the FAA to let Boeing deliver newly-manufactured 737 Maxes to clients before it is approved to fly, to shorten the lag between approval and airlines putting passengers on it. The FAA has resisted, The Times reported. It said engineers pointed out that it does not make sense to ask pilots to test software before it is fully vetted, since it could be changed during that process. Senior figures at the FAA have encouraged staff to take all the time they need to keep assessing the plane, both in public and in private.

Lori Bassani, the head of Association of Professional Flight Attendants, a union representing staff at American, said: “I hear from flight attendants every day, and they’re begging me not to make them go back up in that plane.” She said Boeing needs to share more information with her members about their safety changes before they will be happy to get back on. Her words followed a harsh rebuke from Jon Weaks, the head of the Southwest Airlines Pilots Association, who said Boeing was demonstrating “arrogance, ignorance, and greed” in its push to get the plane flying again.

Read more …

“Russia, he said, is part of Europe and it cannot and should not be ignored..”

Macron Plays Fox in the EU Hen House (Spiegel)

French diplomats in Brussels are open about the fact that differences between Berlin and Paris are growing more frequent. Berlin officials, by contrast, insist that the frontlines now run between Paris and the rest of the EU. That has also been easy to see when it comes to Brexit. In recent months, Macron has repeatedly failed in his demand that Britain not be granted a deferral or, if unavoidable, merely a short delay. Most recently, the French had virtually no allies left on the issue. Macron was similarly isolated at the EU summit in mid-October, when he blocked the beginning of accession negotiations with North Macedonia by making use of his veto. Outgoing Commission President Jean-Claude Juncker referred to it as a “historic mistake” that could endanger the Balkan country’s stability.

Merkel likewise said pointedly that the EU had to “remain reliable.” Insiders say that it only became clear how Macron would vote on the issue just one day before EU heads of state and government gathered for the summit. When Chancellery staff inquire at the Élysée as to why they aren’t always kept informed, they sometimes receive answers that they have thus far only associated with the Trump administration in Washington: Élysée staff, they hear, only has limited influence over the president. In August, Macron initiated a new approach to Russia without consulting at all with his allies. Just a few days ahead of the G-7 summit in Biarritz, a group that Russia was expelled from after the annexation of the Crimea, Macron invited Russian President Vladimir Putin to southern France for talks.

Not speaking with Russia would be a major mistake, Macron said immediately before the consultations. Russia, he said, is part of Europe and it cannot and should not be ignored, adding that he believed in the power of geography and European history. Even then, it was growing clear that Macron was thinking about a new security concept for Europe. For Macron, a strong Europe is one that self-confidently seeks dialogue with the large and mid-sized powers the world over. The more we do to ensure that Russia becomes a power within Europe, Macron said at the time, the better.

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Some people are suggesting the Saudis badly need the cash.

Saudi Aramco IPO Set To Value Company Up To $1.7 Trillion (CNBC)

Saudi Aramco has set a price range for its listing that implies the oil giant is worth between $1.6 trillion to $1.7 trillion, below the $2 trillion that the Saudi crown prince had previously targeted, making it potentially the world’s biggest IPO. Aramco said on Sunday it plans to sell 1.5% of its shares or about 3 billion shares, at an indicative price range of 30 riyals ($8.00) to 32 riyals, valuing the initial public offering (IPO), as much as 96 billion riyals ($25.60 billion) at the top end of the range. Aramco could just beat the record-breaking $25 billion raised by Chinese e-commerce giant Alibaba when it made its stock market debut in New York in 2014.

Read more …

A sreies of protests articles. The one in Iran ignited fast.

Iran Gas Price Hike Protests Escalate (RT)

The Iranian government’s surprise decision to raise gasoline prices, which caused protests around the country, should be implemented, Iran’s Supreme Leader Ali Khamenei said, blaming the violence amid demonstrations on criminals. The divisive decision, announced this week, has caused protests in several Iranian cities. Khamenei was cited by the Iranian media on Sunday as saying that, while he was no expert in petrol industry, he still believed the government’s decision should be implemented. The Iranian leader also confirmed that there have been deaths related to the protests caused by the hike, blaming them on foreign influence.


“Sabotage and arson is done by hooligans not our people. The counter-revolution and Iran’s enemies have always supported sabotage and breaches of security and continue to do so,” he said as quoted by state TV. The demonstrations that started on Friday have been largely peaceful, but on some occasions the public anger escalated into vandalism and clashes. Iranian authorities confirmed that one person was killed in the southeastern city of Sirjan. There were also reports of protesters vandalizing cars, setting banks on fire and otherwise causing property damage.

Read more …

There’s a shift in emotion going on. Sympathy for the Hong Kong protesters appears to be waning.

Hong Kong Protesters Hurl PETROL BOMBS, Shoot ARROWS At Police (RT)

Demonstrators in Hong Kong attacked common citizens who attempted to free the roads from barricades amid a new round of clashes with police. A fierce street battle erupted outside the Hong Kong Polytechnic University (PolyU) on Sunday, as protesters threw bricks at police, which responded with tear gas and water cannons. The officers were trying to remove the barricades erected by the demonstrators earlier this week, and urged them to stop placing metal spikes on the roads in hopes of piercing the police vehicles’ tires. The protesters earlier attacked a group of citizens who were clearing the roadblocks and debris outside the PolyU. A man and a woman were hospitalized with head injuries in result of the attack.

Similar scuffles occurred near the University of Hong Kong (HKU) and the City University of Hong Kong (CityU), where black-clad, masked rioters threw bricks and petrol bombs at the volunteers, who were removing the makeshift barricades. The residents, many of whom are alumnae of these universities, have answered online calls from pro-government politicians to help clean the streets. Some of them told the South China Morning Post that protesters have gone “too far” when they switched from rioting downtown to seizing campuses and blocking major roads, including the Cross-Harbour Tunnel, which connects the Hong Kong Island with the rest of the city.

Around 50 Chinese army soldiers joined the volunteers to dismantle the barricades near the Hong Kong Baptist University, marking the first time when Beijing’s troops have left their barracks since the start of the protests this summer. The soldiers were unarmed and wore no protective gear.

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“Celebrating” the 1 year anniversary.

Tensions Run High During Yellow Vests Protests (RT)

Yellow Vest protesters were doused with water during clashes with police and rioting in downtown Paris, ahead of the first anniversary of their nationwide anti-government demonstrations. The Place d’Italie circle in the city’s 13th arrondissement descended into chaos as protesters erected makeshift barricades and threw stones at police officers, which responded with tear gas and water cannon. The protesters overturned several parked cars and set vehicles on fire. A group of Yellow Vests attempted to block a fire truck from getting through to the barricades, which were also set ablaze.


A shopping mall and several bus stops were vandalized when the protesters vented their anger over what they deem as government inaction towards their demands, made throughout a full year of weekly demonstrations. The windows of a bank were smashed during the rioting. The protester groups on social media had earlier called on their colleagues to occupy and block several stores, including the Ikea and Apple stores. Police were also called in to disperse protesters who were blocking traffic along the Boulevard Peripherique, the city’s main ring ‘beltway’ road. The authorities revoked their permit to stage a rally at the Place d’Italie, after the protests turned violent. Police had arrested 61 protesters by 3pm, Prefect of Paris Didier Lallement confirmed, adding that some officers were injured in the clashes.

Read more …

Can they bring Morales back?

Bolivia Death Toll Mounts Amid Pro-Evo Morales Protests (BBC)

The death toll in Bolivia continues to rise after violent clashes between security forces and supporters of former President Evo Morales. On Friday, security forces opened fire on supporters of Mr Morales in Sacaba, killing at least eight people. A doctor in the city told the Associated Press that most of those killed and injured had bullet wounds. The country’s national ombudsman said a total of 19 people had died since the disputed election on 20 October. On Saturday, UN human rights chief Michelle Bachelet warned that violence in Bolivia could “spin out of control”. “Repressive actions by the authorities… are likely to jeopardise any possible avenue for dialogue,” she added. Amid claims of electoral fraud, Mr Morales resigned on 10 November and later fled to Mexico.


On Friday, before the violence in Sacaba, he told the BBC that there were no meaningful charges that could be brought against him. He was responding to interim President Jeanine Áñez, who said he could be prosecuted if he returned to Bolivia. Mr Morales had previously said he was willing to return to Bolivia in order to restore peace. He also told US broadcaster CNN that what happened in Sacaba was “a real massacre”. Ms Áñez, who declared herself interim president on Tuesday, has already broken ties with Venezuela and is sending home more than 700 Cuban medics. The moves are meant to show that the interim government is distancing itself from Mr Morales’s regional left-wing allies.

Read more …

Heavy protests in Chile too.

Chile Agrees To Replace Pinochet Constitution Amid Turbulent Protests (AP)

Chile’s most important political parties agreed Friday to call for a new constitution to replace one imposed by a military dictatorship almost 40 years ago, a move that follows a month of turbulent social protests in the streets. The agreement calls for an April plebiscite asking Chileans who should draft that document: the existing Congress or a new group made up of legislators and specially elected citizens. Holding the plebiscite itself will require a modification of the existing constitution. The agreement follows a month of demonstrations that began with a protest over subway fares and expanded into a mass movement against inequality that has shaken the nation.


At least 25 people have died and thousands injured. It wasn’t immediately clear if the pact would pacify the hundreds of thousands of Chileans who have taken to the streets in recent weeks. “They are hearing what the people have been asking for so long,” said Pedro Alastuey, a 36-year-old physical education teacher who took part in some of the protests. But he added, “Until they give a concrete solution to the demands of the people, it will be very hard to stop this.” [..] A broad swath of the centre and left of Chile’s political spectrum has long demanded scrapping or major overhauls to the 1980 constitution imposed by the dictatorship of Gen. Augusto Pinochet, which overthrew democratically elected Socialist Party President Salvador Allende in 1973.

Read more …

 

 

 

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Oct 212019
 
 October 21, 2019  Posted by at 10:11 am Finance Tagged with: , , , , , , , , ,  13 Responses »


Vincent van Gogh Self-portrait with dark felt hat at the easel 1886

 

Recession Likely Years Away Due To Bullish Trump Effect – Shiller (CNBC)
Global Economy Faces $19 Trillion Corporate Debt Timebomb – IMF (G.)
“Toe The Line Or Be Destroyed”: Tulsi Gabbard (ZH)
Will the Democratic Party Exist after 2020 Election? (OffG)
Why 97% Of Congress Get Re-Elected Each Year (F.)
Scottish Court Asked To Delay Ruling On Johnson’s Brexit Extension Request (R.)
Many Firms In China’s Third-Biggest Province Struggle To Pay Debt – S&P (R.)
Chile’s Deadly Weekend Of Fire As Youth Anger Ignites (R.)
Boeing Expresses Regret As Text Messages Plunge Company Into New Crisis (R.)

 

 

If a crisis next year is seen as the only way to derail Trump, don’t be surprised if one is fabricated.

Recession Likely Years Away Due To Bullish Trump Effect – Shiller (CNBC)

Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market. According to the Yale University professor, President Donald Trump is creating an environment that’s conducive to strong consumer spending, and it’s a major force that should hold off a recession. “Consumers are hanging in there. You might wonder why that would be at this time so late into the cycle. This is the longest expansion ever. Now, you can say the expansion was partly [President Barack] Obama,” he told CNBC’s “Trading Nation” on Friday. “But lingering on this long needs an explanation.”


Shiller, a behavioral finance expert who’s out with the new book “Narrative Economics,” believes Americans are still opening their wallets wide based on what President Trump exemplifies: Consumption. “I think that [strong spending] has to do with the inspiration for many people provided by our motivational speaker president who models luxurious living,” said Shiller. Shiller emphasizes there’s still uncertainty and risk surrounding Wall Street. Before the markets can take-off, Shiller stresses President Trump needs to get past the impeachment inquiry. He sees this as the biggest threat to his optimistic forecast.

Read more …

From last week, but pretty timeless.

Global Economy Faces $19 Trillion Corporate Debt Timebomb – IMF (G.)

Low interest rates are encouraging companies to take on a level of debt that risks becoming a $19tn (£15tn) timebomb in the event of another global recession, the International Monetary Fund has said. In its half-yearly update on the state of the world’s financial markets, the IMF said that almost 40% of the corporate debt in eight leading countries – the US, China, Japan, Germany, Britain, France, Italy and Spain – would be impossible to service if there was a downturn half as serious as that of a decade ago.

The IMF noted that the stimulus provided by central banks in both developed and developing countries had the side-effect of encouraging firms to borrow more, even though many would have trouble paying it back. Officials at the Washington-based organisation fear that the buildup of debt makes the global financial system highly vulnerable and are telling member states not to repeat the mistake of the early 2000s, when warning signs of a possible market meltdown were ignored.


The IMF said share prices in the US and Japan appeared to be overvalued, while the credit spreads in bond markets – the compensation demanded by investors against risk – seemed to be too low, given the state of the global economy. Tobias Adrian and Fabio Natalucci, two senior IMF officials responsible for the Global Financial Stability Report, said: “A sharp, sudden tightening in financial conditions could unmask these vulnerabilities and put pressures on asset price valuations.” In a blogpost published alongside the GFSR, Adrian and Natalucci noted: “Corporations in eight major economies are taking on more debt and their ability to service it is weakening.

Read more …

Let’s see how nasty Hillary will get.

“Toe The Line Or Be Destroyed”: Tulsi Gabbard (ZH)

Tulsi Gabbard unleashed her latest counterattack to the establishment hit-job against her, after Hillary Clinton suggested she’s an Russian asset. “If you stand up to the rich and powerful elite and the war machine, they will destroy you and discredit your message…,” says Gabbard, who said she’s suffered smears “from day one of this campaign.” In a Sunday tweet accompanied by a video which has nearly 450,000 views on Twitter (and 18,000 on YouTube) as of this writing, Gabbard writes “Hillary & her gang of rich, powerful elite are going after me to send a msg to YOU: “Shut up, toe the line, or be destroyed.” But we, the people, will NOT be silenced.”

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Durham’s probe has just been widened again.

Will the Democratic Party Exist after 2020 Election? (OffG)

As a result of the corrupt foundation of the Russiagate allegations, Attorney General Bob Barr and Special Investigator John Durham appear hot on the trail with law enforcement in Italy as they have apparently scared the bejesus out of what little common sense remains among the Democratic hierarchy as if Barr/Durham might be headed for Obama’s Oval Office. Barr’s earlier comment before the Senate that “spying did occur’ and that ‘it’s a big deal’ when an incumbent administration (ie the Obama Administration) authorizes a counter-Intelligence operation on an opposing candidate (ie Donald Trump) has the Dems in panic-stricken overdrive – and that is what is driving the current Impeachment Inquiry.

With the stark realization that none of the DNC’s favored top tier candidates has the mojo to go the distance, the Democrats have now focused on a July 25th phone call between Trump and Ukraine President Volodymyr Zelenskyy in which Trump allegedly ‘pressured’ Zelenskyy to investigate Joe Biden’s relationship with Burisma, the country’s largest natural gas provider. At issue is any hanky panky involving Burisma payments to Rosemont Seneca Partners, an equity firm owned by Joe’s errant son, Hunter, who served on Burisma’s Board for a modest $50,000 a month. Zelenskyy, who defeated the US-endorsed incumbent President Petro Poroshenko in a landslide victory, speaks Russian, was elected to clean up corruption and end the conflict in eastern Ukraine.


The war in the Donbass began as a result of the US State Department’s role in the overthrow of democratically elected Ukrainian President Viktor Yanukovych in 2014. Trump’s first priority on July 25th was Crowd Strike, a cybersecurity firm with links to the HRC campaign which was hired by the DNC to investigate Russian hacking of its server. The Dems have reason to be concerned since it is worth contemplating why the FBI did not legally mandate that the DNC turn its server over to them for an official Federal forensic inspection. One can only speculate…those chickens may be coming home to roost.

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And why the Democratic party will survive: the funneling of government money to donors.

Why 97% Of Congress Get Re-Elected Each Year (F.)

How is 97 percent of Congress able to get re-elected each year even though only 17 percent of the American people believe our representatives are doing a good job? It’s called an incumbent protection system. Taxpayers have a right to know how it works. Recently, our auditors at OpenTheBooks.com, mashed up the federal checkbook with the congressional campaign donor database. We found powerful members of Congress soliciting campaign donations from federal contractors based in their districts. We followed the money and found a culture of conflict-of-interest.

The confluence of federal money, campaign cash, private employment, investments, prestigious committee appointments, political power, nepotism, and other conflicts are a fact pattern. Furthermore, members of Congress own investment stock in, are employed by, and receive retirement pensions from federal contractors to whom they direct billions of taxpayer dollars. Moreover, members sponsor legislation that affects these contractors. The contractor’s lobbyists then advocate for the legislation that helps the member and the contractor. Oftentimes, the contractor’s lobbyist also donates campaign cash to the member.


[..] Nothing we discovered is illegal. At arms-length, all of the transactions are legal. And that’s the problem. We polled our subscribers and 1,900 people responded: 96 percent thought it was unethical for a member of Congress to solicit campaign donations from federal contractors based in their districts. Furthermore, 92 percent said it was an important or very important issue. The American people get it. Members should refuse to accept campaign donations from federal contractors and their affiliates.

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Ongoing.

Scottish Court Asked To Delay Ruling On Johnson’s Brexit Extension Request (R.)

Anti-Brexit campaigners said they would ask a Scottish court on Monday to delay its ruling on a legal challenge that sought to force Prime Minister Boris Johnson to comply with a law requiring him to request a delay to Brexit. The so-called Benn Act compelled Johnson to write a letter to the EU asking for a Brexit extension if parliament had not approved either a deal or a no-deal exit by Saturday. Johnson had repeatedly said he would not ask for a delay. The group asked the court earlier this month either to issue an order forcing Johnson to ask for a delay or instruct that a letter be sent to the EU on his behalf if he refused to.

Johnson sent an unsigned letter to the EU on Saturday requesting a delay but added another note in which he said he did not want a “deeply corrosive” Brexit extension, prompting some lawmakers to say he was seeking to frustrate the law. Johnson’s plan to put his Brexit withdrawal deal to the UK parliament on Saturday was derailed after lawmakers voted to withhold a decision on the deal, a move that forced him to seek a third postponement of Britain’s departure from the bloc. The exit is currently due to take place on Oct. 31. Scotland’s highest court, the Court of Session, has been waiting to rule on the matter pending developments up to Oct. 19. It is due to consider the challenge again on Monday.


“What I and … the other petitioners have instructed our lawyers to do is to seek a continuation of the case until the end of the week to keep a watching brief over matters,” Scottish National Party lawmaker Joanna Cherry told ITV on Sunday. “We don’t want the focus to be all on the court case. We want the focus to be on what is happening in Brussels, the negotiation for an extension.” Cherry said the way Johnson had gone about sending the letter, without signing it, was “immensely childish” and was “arguably frustrating the purpose of the act”. “The EU … have overlooked the childish tricks and are taking the extension at face value, taking it seriously,” Cherry said. “It will be for the court to comment or otherwise on whether they think what has occurred is a frustration of the act or a contempt of court.”

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There’s the shadow banks again.

Many Firms In China’s Third-Biggest Province Struggle To Pay Debt – S&P (R.)

Many privately held firms in Shandong, China’s third-biggest province by economic output, are struggling to repay short-term debt due to declining industry fundamentals, entangled cross guarantees and ill-managed investments, S&P Global Ratings said. China’s slowing economy and enforcement of environmental protection rules have pressured the profitability and cash flow of Shandong companies in over-capacity sectors including oil refining, petrochemicals, steel, aluminium and textiles, S&P said. “The Shandong economy is skewed toward gritty smoke-stack industries where companies are typically highly leveraged,” said Chang Li, China country specialist for S&P Global Ratings.


“We view the plight of Shandong POEs (privately owned enterprises) as indicative of China’s wider challenge: the difficulty of transitioning to a higher value-added economy, while managing high debt and slowing growth.” Private firms in Shandong are also frequent users of the cross guarantee, which has the potential to send one company’s liquidity problems reverberating through the credit system, the ratings agency said. Reuters reported in February, citing court rulings, that at least 28 private companies in Dongying, a hub for oil refining and heavy industry in Shandong, are seeking to restructure their debts and avoid bankruptcy, mainly due to souring loans that they guaranteed for other firms.

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Places with mass protests in yesterday’s list: Chile, Ecuador, Lebanon, Barcelona, France, London, Puerto Rico, Hong Kong, Iraq.

New additions today: Guinea, Bolivia, Algeria, Haiti, Egypt, Pakistan, Brazil.

Chile’s Deadly Weekend Of Fire As Youth Anger Ignites (R.)

Chile’s capital Santiago has been singed by fire. In riots sparked by anger over fare hikes, masked and hooded protesters have torched buses, metro stations, supermarkets, banks and the high-rise headquarters of a major energy firm. Around the city, flames and smoke mixed with tear gas and water cannon spray as armed forces mobilized on the streets for the first time in almost 30 years in a country that still shudders at the memory of military rule. Fare-dodging protests largely by school children and students exploded into violent riots on Friday.


Amid the looting, arson and clashes, thousands of residents of rich and poor neighborhoods alike also took to the streets to express a more widespread discontent over rising living costs and patchy public services that is boiling beneath the surface of one of South American’s wealthiest and most liberal economies. The demonstrations spread around the country over the weekend, and there was little sign of tempers cooling. “This is not a simple protest over the rise of metro fares, this is an outpouring for years of oppression that have hit mainly the poorest,” Karina Sepulveda, an anthropology student, told Reuters at a protest in central Santiago on Sunday as she banged a frying pan with a wooden spoon. “The illusion of the model Chile is over. Low wages, lack of healthcare and bad pensions have made people tired.”

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Fire them all. And then sue them for wrongful death.

Boeing Expresses Regret As Text Messages Plunge Company Into New Crisis (R.)

Boeing Co. said on Sunday that it regrets and understands concerns raised by the release of a former Boeing test pilot’s internal instant messages noting erratic software behaviour two years before deadly crashes of its 737 Max jet. The world’s largest plane maker, plunged into a fresh crisis over the safety of the banned 737 Max after Reuters reported the messages on Friday, also said it was investigating the “circumstances of this exchange” and regretted the difficulties that the release of messages presented for the U.S. Federal Aviation Administration (FAA).

The FAA on Friday ordered Boeing chief executive Dennis Muilenburg to give an “immediate” explanation for the delay in turning over the “concerning” document, which Boeing discovered some months ago. In the messages from November, 2016, then-chief technical pilot Mark Forkner tells a colleague that what’s known as the MCAS anti-stall system – the same one linked to deadly crashes in Indonesia and Ethiopia – was “running rampant” in a flight-simulator session. At another point, he says: “I basically lied to the regulators (unknowingly).” The messages prompted a new call in the U.S. Congress for Boeing to shake up its management as it scrambles to rebuild trust and lift an eight-month safety ban of its fastest-selling plane.


“We understand entirely the scrutiny this matter is receiving, and are committed to working with investigative authorities and the U.S. Congress as they continue their investigations,” Boeing said in its statement on Sunday. The instant messages prompted harsh reactions from several Democratic lawmakers in Washington, with Representative Peter DeFazio saying, “This is no isolated incident.” “The outrageous instant-message chain between two Boeing employees” suggests “Boeing withheld damning information from the FAA,” Mr. DeFazio, who chairs the U.S. House transportation committee, said on Friday.

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