Nov 162020
 


Roy Lichtenstein Femmes d’Alger 1963

 

“We’re Getting Ready To Overturn Election Results In Multiple States” (ET)
Pro-Biden Bug Also Suspected in Georgia’s Vote-Counting Software (Sperry)
How A Philly Mob Boss Stole The Election (Buffalo Chronicle)
Illegitimate President (Jim Quinn)
What is John Brennan So Worried About? (Ray McGovern)
Geopolitical Risks of the 2020 Election (Achim Dübel)
6,000 UK Volunteers To Be Injected With Covid Vaccine In Phase 3 Trial (G.)
300,000 New Yorkers Have Fled The Big Apple Amid Coronavirus, Crime (NYP)
Trump Plans Last-Minute China Crackdown (Axios)
As China’s Blockade Unravels Australian Economy, Everything Is At Risk (SCMP)
Girlfriend Keeps Referring To Herself As ‘Wife-Elect’ (Babylon Bee)

 

 

Prof Sucharit Bhakdi : Take those masks off your face

 

 

 

 

Smartmatic, Dominion, Hammer, Scorecard.

“We’re Getting Ready To Overturn Election Results In Multiple States” (ET)

Former federal prosecutor Sidney Powell, a Trump campaign lawyer, suggested in a Sunday interview that there is still more evidence coming out in President Donald Trump’s claims of voter fraud and irregularities. “We’re getting ready to overturn election results in multiple states,” Powell said, saying that she has enough evidence of election fraud to launch a widespread criminal investigation. “I don’t make comments without having the evidence to back it up,” she added, saying that elections software switched “millions of votes” from Trump to Democratic nominee Joe Biden. Powell notably provided legal counsel to Gen. Michael Flynn in 2019. She was named to Trump’s legal team in the past several days.

Powell said a whistleblower came forward and said the elections software was designed to “rig elections,” saying that “he saw it happen in other countries,” referring to voting systems Dominion Voting Systems and Smartmatic, or perhaps other software and machines. “We have so much evidence, I feel like it’s coming in through a fire hose,” Powell said, while noting that she won’t reveal the evidence that she has. “They can stick a thumb drive in the [voting] machine, they can upload software to it even from the Internet … from Germany or Venezuela even,” she said, adding that operations “can watch votes in real-time” and “can shift votes in real-time,” or alleged bad actors can “remote access anything.” “We’ve identified mathematically the exact algorithm they’ve used—and planned to use from the beginning” that allegedly switched votes to Biden, Powell remarked.

[..] “(W)e have concerns about the spread and effect of private equity investment in many sectors of the economy, including the election technology industry—an integral part of our nation’s democratic process,” wrote the lawmakers in their letters to the firms about a year ago. “These problems threaten the integrity of our elections and demonstrate the importance of election systems that are strong, durable, and not vulnerable to attack.” Later in the Sunday morning interview, Powell said that her team has “detected voting irregularities that are inexplicable” in states where officials believe they have valid systems. During the election, Republicans in the House were able to flip at least 11 seats while the GOP is poised to maintain control of the Senate. Some conservatives have questioned how such a voting pattern is possible for Biden to win the presidential election, let alone receive more votes than any other presidential candidate in American history, including President Barack Obama’s victory in 2008.

Sidney Powell

https://twitter.com/i/status/1328049953927782407

Read more …

“Georgia is now Ground Zero in the battle for control of the Senate.”

Pro-Biden Bug Also Suspected in Georgia’s Vote-Counting Software (Sperry)

A curious thing happened as Fulton County, Ga., election officials counted mail-in ballots at Atlanta’s State Farm Arena in the days after the election. In the early hours of Nov. 5, a surge of some 20,000 mail-in votes suddenly appeared for Joe Biden, while approximately 1,000 votes for President Trump mysteriously disappeared from his own totals in the critical swing state, where Biden holds a razor-thin lead. A poll watcher noticed the suspicious shift in votes while monitoring the interim election results on the Georgia secretary of state website. “I concluded from looking at these results that this was an irregularity, since there was no obvious reason for President Trump’s totals to have decreased while former Vice President Biden’s totals increased dramatically,” Voter GA co-founder Garland Favorito swore in an affidavit he filed this week with the secretary of state’s office.

Favorito suspects a variety of factors, including that votes were “artificially inflated” for Biden while using the same Dominion Voting system used by Antrim County, Mich., which erroneously transferred 6,000 votes from Trump to Biden. Last year, Georgia contracted with Dominion to automate vote tabulations in all 159 of its counties. “The software appears to have thrown votes from Trump to Biden here too,” he said in a RealClearInvestigations interview. “Or Biden ballots were manufactured.” The large disparity of gains between the two candidates “was something I had never witnessed before in my years of election monitoring,” said Favorito, a career IT professional who has been a leading advocate for election integrity in the state over the past two decades. He says he is not a Republican or Trump supporter.

On Nov. 10, Favorito sent his affidavit to Georgia Secretary of State Brad Raffensperger, recommending a full, by-hand ballot recount. The next day, his office announced it will conduct such an audit for the presidential race. Biden currently leads Trump by more than 14,000 votes in the state. “It’s a good first step,” Favorito said. “A recount will be able to determine if there was electronic vote fraud.” In addition to helping certify the presidential race, he said it’s imperative investigators identify the source of the irregularities before the state holds its two U.S. Senate run-off elections on Jan. 5 so they don’t repeat themselves. Georgia is now Ground Zero in the battle for control of the Senate. Republicans currently hold a 50-48 edge, but if they lose both Georgia seats, presumptive Vice President-elect Kamala Harris could cast tie-breaking votes to carry out the Democratic agenda.

Giuliani Says Election will Be Overturned We Have Proof

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No idea what to make of this really. But I do know the song for it:

Well, they blew up the chicken man in Philly last night.
Blew up his house too.

How A Philly Mob Boss Stole The Election (Buffalo Chronicle)

The innermost circles of the American mafia are abuzz. The Boss of the Philly mob — ‘Skinny Joey’ Merlino — is taking a victory strut, hobnobbing around the highest echelons of old-time mafia folk, mostly in Florida, describing what may have been the heist of the century: the 2020 presidential election. The feat is drawing praise from far-flung corners of the Italian American business community, which sees the thanks of a grateful administration as key to the revival of the community’s political influence. But an associate says that Merlino might just be willing to flip on Joe Biden and the Pennsylvania political operatives who ordered up some 300,000 election ballots marked for Biden. The source alleges that Merlino and a lean team of associates manufactured those ballots at a rate of $10 per ballot — a whopping $3 million for three days of work.

They were then packaged into non-descript cardboard boxes and dropped off outside the Philadelphia Convention Center. Sources who spoke to The Chronicle on the condition of anonymity say that Merlino picked up those ballots from two private households where a trusted handful of associates were busily marking ballots with Sharpie markers. They were paid more than $1,000 per hour, often producing thousands of ballots every hour for more than 60 nearly-consecutive hours. The ballots were purchased in cash. It’s thought that Democratic Party operatives working inside Philadelphia’s election office provided Merlino with crates of raw ballots just hours before polls closed on election night, which he transported to two private households in South Philadelphia.

By 10 p.m. that night Merlino’s operation was already generating more than 3,000 ballots per hour, which quickly scaled to more than 6,000 ballots per hour before midnight. But now, Merlino might just be willing to flip on Biden — in primetime Congressional testimony — if President Donald J. Trump is willing to issue the longtime mobster a full expungement of his decades-long criminal record. And, of course, Merlino wants to be pardoned for the election fraud itself and any crimes to which he may incriminate himself during his testimony. “He wants a clean record. He wants to fish and hunt on federal lands. He’d really like a job with the National Parks Service. You need a clean record to get those things,” explains one confidant. “But most of all he wants the thanks of a grateful nation for coming forward.”

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Jim Quinn takes no prisoners.

Illegitimate President (Jim Quinn)

“Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.” – H.L. Mencken. It’s now almost two weeks since the most crooked, rigged, fraudulent election in U.S. history. The engineered elevation of a handsy, sniffy, senile, empty portal, trojan horse by billionaire oligarchs, their Silicon Valley techno-geek social media censorship police, and the corporate media propaganda mouthpieces looks like it might succeed. Republican cucks like Romney and even the pliable Fox News talking heads have acquiesced to this third attempt during this ongoing coup like obedient lapdogs positioning themselves to profit from doing the bidding of their global oligarch masters.

Make no mistake. There was a master plan implemented by dark forces to steal this election, overriding the will of the American people. The anger of 70 million Americans is perfectly captured in the above quote from Mencken. If Trump and his allies are unable to prove fraud and overturn this sham of an election, myself and millions more will treat the Kamala Harris administration as illegitimate and do everything in our power to resist and insure its failure.

The level of fake news media propaganda about the “most secure fairest election in history”, and the vociferous blatant systematic censorship by Twitter, Facebook, and Google of anyone who dares to question the approved narrative of “a mostly fraud free election” on their social media platforms is all the proof a critical thinking person needs to realize this election was stolen by left wing oligarchs. Trump was too erratic, uncontrollable and resistant to their new world order agenda of climate extremism, population control through fear, communist economics, cash elimination, and ruling through a technocratic Big Brother surveillance state.

Trump, through naivety, foolishness or carelessness, allowed enemies of his administration to wield power and influence for the last four years. He chose swamp creature after swamp creature for key cabinet positions and seemed surprised when they stabbed him in the back. He failed to purge Obama loyalists holding middle level positions in the FBI, CIA, Dept of Defense, and numerous other agencies. They actively worked to subvert everything he tried to accomplish.

The military industrial complex apparatchiks are cackling like hyenas about how they misled him about troop levels in Syria and continue to ignore his orders to bring the troops home from Afghanistan. Obama and his gang of traitorous thieves conspired to bring Trump down before he assumed office and continued for the entire four years, assisted by a feckless mainstream media of faux journalists peddling fake news and disinformation fed to them by the Deep State coup collaborators.

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As I said last week: he’s afraid of being exposed.

What is John Brennan So Worried About? (Ray McGovern)

Former CIA Director John Brennan is apparently so worried that Donald Trump might release certain classified intelligence that he suggested this week that Vice President Mike Pence and the cabinet remove Trump via the 25th amendment. Brennan appeared this week on both CNN and MSNBC to spread alarm about what Trump might do as he continues to contest the election results and appoints new people at Defense, NSA (and possibly CIA) who may do his bidding. Brennan warned on CNN that it was “very, very worrisome” that Trump “is just very unpredictable now … like a cornered cat — tiger. And he’s going to lash out.” Brennan told MSNBC he was worried that Trump has called for the “wholesale declassification of intelligence in order to further his own political interests.”

Whom would he lash out at and what classified documents might Brennan be referring to? The CIA’s point man at The Washington Post, David Ignatius, has provided the answer: “President Trump’s senior military and intelligence officials have been warning him strongly against declassifying information about Russia that his advisers say would compromise sensitive collection methods and anger key allies. An intense battle over this issue has raged within the administration in the days before and after the Nov. 3 presidential election. Trump and his allies want the information public because they believe it would rebut claims that Russian President Vladimir Putin supported Trump in 2016. That may sound like ancient history, but for Trump it remains ground zero — the moment when his political problems began.”

Protecting “sources and methods” is a red herring. They can be redacted from a classified document. It’s the content of these files that has Brennan extremely nervous as they might reveal Brennan’s role in the Russiagate scandal. Of course, Brennan invoked the old trope of “national security” when it appears it’s his own security he’s worried about. As we noted at a similar juncture in March 2018 (in “Former CIA Chief Brennan Running Scared”), Brennan’s foremost worry — then, as now — was that Trump was about to expose him to the disgrace that befell ex-FBI Deputy Director Andrew McCabe for malfeasance in connection with Russiagate. The president had just fired McCabe for repeatedly lying, and Brennan had good reason to worry.

That was before the true extent of the roles McCabe, his boss, former FBI Director James Comey, and Brennan played in the WMD-style fabrication of “Russiagate” had became more fully understood. Brennan landed on his MSNBC perch as a paid commentator on Feb. 2, 2018 and was riding high with adulation from the likes of former UN Ambassador Samantha Power, who publicly warned Trump that it is “not a good idea to piss off John Brennan.” Even back then, however, storm clouds were gathering. House Intelligence Committee Chairman Devin Nunes (R-CA), who knew much more than he revealed, was warning of legal consequences for Russiagate conspirators. Referring to the weavers and tailors of Russiagate, Nunes told reporter Sharyl Attkisson on Feb. 18, 2018: “If they need to be put on trial, we will put them on trial. The reason Congress exists is to oversee these agencies that we created.”

Read more …

View from Berlin.

Geopolitical Risks of the 2020 Election (Achim Dübel)

A drama is unfolding for Korea. President Donald Trump was a once in a generation chance for reunification on the East Asian peninsula, as President Ronald Reagan was for Germany almost half a century ago. With the victory of Joe Biden and Kamala Harris, the pro-war tendency in America that goes back to President Harry Truman returns to power. The consequences for Korea and many other nations around the world will be terrible. It was Reagan himself, not the CIA man President George H.W. Bush, who followed him, who pushed for the first covert and then overt operation to bring the Berlin wall down. It was Reagan’s Jacksonian sense of independence and his personal charm that convinced a reluctant Soviet leadership and domestic administration apparatus alike to follow. Reagan did most of the job in his second term, after he had gained control – and had survived an assassination attempt.

Now the old British-American war networks that have dominated U.S. administration since the murder of President John F. Kennedy will take over again. When the debris of the wall was still lying around in Berlin, George H.W. Bush in 1991 blocked Helmut Kohl in his effort to build a joint European house together with Russia. Under President Barack Obama and Secretary of State Hillary Clinton, the tension with Russia led into the current New Cold War. The new de-facto President of the United States, Kamala Harris, will now stop every effort to bring regional peace and cooperation. Harris was the first candidate to drop out of the Democrat’s race due to her profound unpopularity, but she was always the war network’s preferred candidate. I predicted in May that the US military industrial complex would push Harris through regardless.

The popular contenders such as Senator Bernie Sanders (D-VT) and President Trump were axed away with the most unfair means to clear the path for Harris to reclaim control of the US for the war network. Harris’ career is also well planned ahead. The demented and corrupt Joe Biden, who is easy to manipulate and blackmail, is for some the perfect profile of a politician. Biden will be kept as a kind of political hologram for the next four, maybe eight years, while policy will be run by Harris and the corporate networks she represents. And then she will become President herself. It is reasonable to expect Harris to run the country until 2032 or 2036. The war network appreciates continuity.

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“This includes the development of “memory” immune cells, which should protect against future coronavirus infections.”

6,000 UK Volunteers To Be Injected With Covid Vaccine In Phase 3 Trial (G.)

Six thousand British volunteers are to be injected with an experimental Covid vaccine modelled on an Ebola jab. It is the third Covid vaccine to enter large-scale clinical trials in the UK. Pursuing multiple candidates is essential to guarantee UK supply and ensure that most effective vaccine is identified, researchers stressed. Already undergoing large clinical trials in British patients are the Oxford Covid vaccine, and one being developed by the US biotech company Novavax. A phase 3 trial of the latest vaccine, developed by global pharmaceutical company Janssen (a subsidiary of Johnson & Johnson), begins on Monday.

Phase 3 trials are designed to test the safety and effectiveness of drugs or vaccines in thousands of people. It will initially involve 6,000 volunteers from 17 sites across the UK, including Belfast, Bristol, Cardiff, Dundee, Leicester, London, Manchester, Sheffield and Southampton. A further 24,000 volunteers are to be recruited from other countries. Like the Oxford vaccine, the Janssen candidate uses a weakened common cold virus called an adenovirus to deliver instructions for making the coronavirus’s surface spike protein to our cells. Cells infected begin making the viral protein and expressing it on their surface, triggering an immune response. This includes the development of “memory” immune cells, which should protect against future coronavirus infections.

However, whereas the Oxford vaccine is based on an adenovirus from chimpanzees, Janssen’s vaccine uses a human adenovirus, which has been modified so it can no longer multiply or cause disease. The same virus forms the backbone of a recently approved Ebola vaccine, deployed during the 2019 outbreak in the Democratic Republic of the Congo. Janssen’s vaccine has already undergone smaller phase 1 and 2 trials, and interim analysis of a single-dose study suggests that it induces a robust immune response and is generally well-tolerated.

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Too close for comfort.

300,000 New Yorkers Have Fled The Big Apple Amid Coronavirus, Crime (NYP)

More than 300,000 New Yorkers have bailed from the Big Apple in the last eight months, new stats show. City residents filed 295,103 change of address requests from March 1 through Oct. 31, according to data The Post obtained from the US Postal Service under a Freedom of Information Act request. Since the data details only when 11 or more forwarding requests were made to a particular county outside NYC, the number of moves is actually higher. And a single address change could represent an entire household, which means far more than 300,000 New Yorkers fled the five boroughs. Whatever the exact number, the exodus — which began when COVID-19 hit the city in early spring — is much greater than in prior years.

From just March through July, there were 244,895 change of address requests to destinations outside of the city, more than double the 101,342 during the same period in 2019. The escape from New York is fueled not only by coronavirus concerns, but economic worries, school chaos and rising crime, experts say. Michael Hendrix, director of state and local policy at the Manhattan Institute, which has commissioned surveys about the state of the city, was not surprised by the data. “I think people are afraid,” Hendrix said. “They’re afraid of catching a deadly virus and they’re afraid of crime and other quality of life concerns. One thing we also hear is about trash and cleanliness of the city.”

The institute’s survey of six-figure earners in July and August found that 44% of respondents had considered moving outside the city in the prior four months. They cited cost of living as the biggest reason. More than a third, 38%, said they thought the city was heading in the wrong direction and only 38% rated the quality of life as good or excellent. More than half, 53%, said they were very concerned about sending their kids back to school. Major crimes have been on the rise this year with the number of murders in the Big Apple hitting 344 by October, surpassing the count for all of 2019. The number of shootings through Nov. 8 is up 94% over 2019.

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Not sure what Axios thinks of this….

Trump Plans Last-Minute China Crackdown (Axios)

President Trump will enact a series of hardline policies during his final 10 weeks to cement his legacy on China, senior administration officials with direct knowledge of the plans tells Axios. He’ll try to make it politically untenable for the Biden administration to change course as China acts aggressively from India to Hong Kong to Taiwan, and the pandemic triggers a second global wave of shutdowns. Watch for National Intelligence Director John Ratcliffe to publicly describe in granular detail intelligence about China’s nefarious actions inside the U.S Trump officials plan to sanction or restrict trade with more Chinese companies, government entities and officials for alleged complicity in human rights violations in Xinjiang and Hong Kong, or threatening U.S. national security.

The administration also will crack down on China for its labor practices beyond Xinjiang forced labor camps. But don’t expect big new moves on Taiwan or more closures of Chinese consulates in the U.S., officials say. National Security Council spokesperson John Ullyot told Axios, “Unless Beijing reverses course and becomes a responsible player on the global stage, future U.S. presidents will find it politically suicidal to reverse President Trump’s historic actions.” Senior administration officials are discussing expanding a Defense Department list of Chinese companies deemed to have ties to the Chinese military. An executive order issued last week barred U.S. investment in 31 such companies, and any additions would likely face a similar restriction.

Officials plan to target China’s growing use of forced labor in the highly competitive fishing industry. Coerced and unpaid labor isn’t just a human rights concern — it can also give Chinese fisheries an advantage over rivals in an industry with geopolitical significance. Trump officials have been looking to move more hawkish China experts into senior roles across the government, another senior official added. “Director Ratcliffe will continue playing a leading role, in coordination with other national security principals, in delivering a necessary mindset shift from the Cold War and post-9/11 counterterrorism eras to a focus on great power competition with an adversarial China,” DNI senior adviser Cliff Sims tells Axios.

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…but maybe this is what Trump has in mind. “China last week left 21 tonnes of live Australian lobster to die in Shanghai warehouses awaiting customs clearance.”

As China’s Blockade Unravels Australian Economy, Everything Is At Risk (SCMP)

The tide turning against Chinese goods in Australia did not come as a huge surprise given the shifting geopolitical winds, but I was taken aback that China fuelled this particular fire by enacting what could be interpreted as a trade embargo by blocking the imports of multiple Australian goods. If the countries stay this course, it would be a sharply negative development after they just five years ago signed the China-Australia Free Trade Agreement (ChAFTA), which had taken nearly a decade to put into place. The knock-on effect would be far more serious than just shutting down the trade agreement in a huff. The risk in relying too heavily on Chinese goods and supply chains so heavily reliant on China became apparent during the Covid-19 crisis, and is leading to a global rethink about what we buy, from where and at what price.

Untying such a trade relationship with China is tricky, though, because it is a two-way flow. Australia has become dependent on imported Chinese goods whilst China is its largest customer for raw materials and certain food products. China has the upper hand as there are many sources of the raw materials and foodstuffs it needs, while Australia can’t switch suppliers so easily and needs to find new buyers for its goods fast. In Australia the issue of reliance on China became even more raw with the realisation during the Covid-19 crisis that Australian manufactured medical equipment was being siphoned off and shipped out. Essentially, much of the country’s businesses and assets had been sold to the Chinese, presenting a potential national security issue as the Australians were no longer deciding where locally manufactured goods would be sold.

The Australian government has woken up to this and is now scrutinising foreign business acquisitions. But the recent blocking of the sale of Lion Dairy & Drinks by Japanese beverage group Kirin Holdings to China Mengniu Dairy is merely closing the stable door after the horse has bolted. Australia is taking issue with China on several fronts, and no punches are being pulled by the country’s commentators or politicians. One pressure point is Australia’s demand that China clarify what happened in the early stages of the coronavirus crisis when domestic flights from Wuhan were cancelled and international flights were allowed to continue. When China pushes back at Australia for having the nerve to even ask the question, Canberra interprets that as “punishment”.

Suggesting that Canberra “reflect on its own deeds”, China last week left 21 tonnes of live Australian lobster to die in Shanghai warehouses awaiting customs clearance. Chinese importers have been “advised” to stop importing barley, sugar, red wine, timber, coal, and copper ore and concentrates –and a ban on wheat is also expected. China can get its raw materials elsewhere. But as a friend of mine in Brisbane pointed out when trying get a water filter replacement and some kitchen storage boxes, she had only Chinese options.

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“At publishing time, Wendy had set January 20th as the perfect date for the two to unite…”

Girlfriend Keeps Referring To Herself As ‘Wife-Elect’ (Babylon Bee)

Sources close to Winston Davis say he is “totally screwed” as his girlfriend Wendy Fitzpatrick keeps referring to herself as “Wife-Elect” at any and every public gathering with close family and friends. This awkward situation is happening to Winston despite no clear moment in time in which it ever entered his mind that Wendy was “the one” or that he was even getting close to asking her the question to make such an interim title even remotely appropriate. “Uh, honey—” Winston could be heard starting to interject before Wendy went ahead and dialed up local caterers and contractors to make arrangements for the wedding, which was surely going to unify their two families who haven’t always gotten along, and bring about a glorious time of family healing.


Wendy had even started delegating bridesmaids to begin getting fitted for dresses and unironically telling members of her family that she was setting up an “Office of the Wife-Elect.” “Yeah I feel bad for the guy,” said Winston’s best friend, Paul. “It’s been an unhealthy codependent relationship from the beginning, but this recent turn of events is just pure cognitive dissonance.” “I keep telling him he needs to tell her straight up that an ‘Office of Wife-Elect’ isn’t a real thing and that he never officially asked her to be his fiancé, but I think he is afraid that will just make her mad,” Paul continued. “Like, there isn’t even an engagement ring.” At publishing time, Wendy had set January 20th as the perfect date for the two to unite into one in a wonderful winter wedding for W+W.

Read more …

 

 

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Trump’s presidential shield of protection expires the moment he steps down Jan 20

 

 

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Oct 192020
 


Pablo Picasso Self portrait 1907

 

‘Unverified’ Is A (False) Excuse For Ignoring NYP’s Hunter Biden Scoops (NYP)
Steve Bannon Behind ‘Roll-Out Plan’ For Hunter Biden Emails (ZH)
Does This Explain Why Facebook Suppressed Hunter Biden Revelations? (AT)
Ukrainian Lawmaker: 2nd Laptop Related To Hunter Biden Seized By Law Enforcement (DM)
How Hysterical Punditry Failed America (Tracey)
China Says Its Economy Grew 4.9% In The Third Quarter (CNBC)
China’s Inflation Struggles To Perk Up Despite Broader Recovery (R.)
Sweden To Bring In Local Lockdowns As Covid Cases Rise (Sun)
Alberta’s Contact Tracing Raises Red Flags (CBC)
The Day The International Tax Authorities Came Knocking (Age)
Social Media Creators Admit It Dehumanizes People, Disrupts Social Fabric (RT)

 

 

Yaneer Europe

 

 

“It’s particularly rich that The New York Times has fixated on the “unverified” excuse, since it’s spent much of the Trump era offering supposed dirt from anonymous sources — which, by definition, makes the info unverifiable.”

‘Unverified’ Is A (False) Excuse For Ignoring NYP’s Hunter Biden Scoops (NYP)

Much of the push to ignore The Post’s drop of Hunter Biden’s e-mails centers on the charge that it’s all “unverified.” The claim is more excuse than truth. First, a host of media outlets have now interviewed the computer-repair guy who provided the data at the heart of these exposés — and he’s said exactly what we’ve reported from the start about how the laptop came into his possession. Second, neither Hunter nor Joe Biden has even questioned the fact that the drive is real — they merely dismiss the entire line of questioning, while charging that The Post has an agenda in presenting it to the world.

Third, we’ve published emails and pictures — most of which have nothing to do with Ukraine or China — that contain an extraordinary level of detail. Is that all fabricated? The Biden campaign’s response, notably, is not that an e-mail from a Burisma official thanking Hunter for an introduction to his father isn’t real, it’s that said meeting doesn’t show up on Joe’s “official” schedules. Pressed by Politico, the campaign acknowledged that they couldn’t say for certain if Joe Biden had met him casually. It’s particularly rich that The New York Times has fixated on the “unverified” excuse, since it’s spent much of the Trump era offering supposed dirt from anonymous sources — which, by definition, makes the info unverifiable.

A simple but striking case of that is The Atlantic’s “reporting” that President Trump spoke contemptuously and insultingly of US troops during his trip to France for war-memorial ceremonies. Its claims were based purely on anonymous sources — but contradicted by a number of on-the-record sources, including ex-National Security Adviser John Bolton, who has absolutely no reason to lie to protect the man who fired him.

Biden drops out

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His recent arrest makes him seem even more compromised.

Steve Bannon Behind ‘Roll-Out Plan’ For Hunter Biden Emails (ZH)

As former Breitbart journalist Lee Stranahan – who’s not exactly Bannon’s biggest fan – puts it, “I can’t think of a single example of him saying he had the goods on the story that didn’t pan out,” adding “If he says a lot more is coming he’s not shooting blanks.” [..] Last week the NY Post took the political world by storm with its release of shocking material from Hunter Biden’s hard drive indicating corruption, sexual depravity, and more. The Post reported that a lawyer for former NY Mayor Rudy Giuliani obtained the hard drive from a computer repairman and that former White House Chief Strategist Steve Bannon had alerted the Post to the existence of the hard drive in July.

“But before turning over the gear, the shop owner says, he made a copy of the hard drive and later gave it to former Mayor Rudy Giuliani’s lawyer, Robert Costello. Steve Bannon, former adviser to President Trump, told The Post about the existence of the hard drive in late September and Giuliani provided The Post with a copy of it on Sunday”. [NY Post] Steve Bannon has since clarified to Revolver News that he was brought into the project based on familiarity with corruption in corporate America, on Wall Street, and within the Chinese Communist Party and America’s political class. Mr. Bannon revealed that he “worked up and executed the roll out plan” of the information contained in the Hunter hard drives. Given his close knowledge and familiarity with an issue of such explosive importance to the election, Revolver asked Mr. Bannon a few questions pertaining to the contents of Hunter’s hard drive and the political implications of their release.

Revolver: What is the most incriminating thing on the hard drive? Rudy has suggested illegal things, and as Revolver reported, the FBI person tasked with the hard drive is associated with the child pornography division. Could you give more insight into how bad it is we’re talking about? Mr. Bannon: Joe Biden is a liar, a fraud, and compromised by Chinese cash. In short, he is a national security crisis. The hard drive combines emails and text messages that show a massive involvement with companies controlled by the Chinese Communist Party. Also, there are 25,000 images that show a drug-addled, depraved lifestyle — one that decent hardworking Americans will not want near the White House.

Revolver: The FBI has been holding onto the hard drive for almost a year? Any sense of why? Was there any indication that they were seriously interested in a criminal case, assuming that there is, in fact, illegal material on there? If not, why would the FBI simply hold onto information like that? Mr. Bannon: The President must confront the director of the FBI on why the information housed on this hard drive was not moved on immediately. If the content of the hard drive had been released when received in November 2019, there would have been no impeachment of Trump, and Bernie Sanders would be the Democratic Party nominee. This confrontation should take place this weekend in the Oval Office. If Wray doesn’t have a bulletproof reason he should be fired in the room.

Revolver: What are your best estimates on how many foreign entities may have obtained possession of the hard drive? Chinese intel? Mr. Bannon: It’s the actions represented on the hard drive that the American people must understand our enemies know about. The cash and equity given for access to Biden, the favors done for that cash, the drugs, the depravity. The CCP, Russian Intel, the Iranian Revolutionary Guard Intel Services — they know the Bidens are for sale. [..] The Bidens are about to be hit with multiple stories from multiple media sources based off evidence beyond the hard drive. Fox and Peter Schweitzer have already started but bigger more mainstream companies are going to weigh in. We already have set in motion the various apparatuses that will release everything.

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If there’s one thing we’ve found out the past week it’s a whole new set of revolving doors exist.

Does This Explain Why Facebook Suppressed Hunter Biden Revelations? (AT)

The moment the New York Post reported on some of the sleazy, corrupt details contained on Hunter Biden’s hard drive, Twitter and Facebook, the social media giants most closely connected to the way Americans exchange political information, went into overdrive to suppress the information and protect Joe Biden. In the case of Facebook, though, perhaps one of those protectors was, in fact, protecting herself. The person currently in charge of Facebook’s election integrity program is Anna Makanju. That name probably doesn’t mean a lot to you, but it should mean a lot – and in a comforting way — to Joe Biden. Before ending up at Facebook, Makanju was a nonresident Senior Fellow at the Atlantic Council. The Atlantic Council is an ostensibly non-partisan think tank that deals with international affairs. In fact, it’s a decidedly partisan organization.

In 2009, James L. Jones, the Atlantic Council’s chairman left the organization to be President Obama’s National Security Advisor. Susan Rice, Richard Holbrooke, Eric Shinseki, Anne-Marie Slaughter, Chuck Hagel, and Brent Scowcroft also were all affiliated with the Atlantic Council before they ended up in the Obama administration. The Atlantic Council has received massive amounts of foreign funding over the years. Here’s one that should interest everyone: Burisma Holdings donated $300,000 dollars to the Atlantic Council, over the course of three consecutive years, beginning in 2016. The information below may explain why it began paying that money to the Council. Not only was the Atlantic Council sending people into the Obama-Biden administration, but it was also serving as an outside advisor. And that gets us back to Anna Makanju, the person heading Facebook’s misleadingly titled “election integrity program.”

Makanju also worked at the Atlantic Council. The following is the relevant part of Makanju’s professional bio from her page at the Atlantic Council: “Anna Makanju is a nonresident senior fellow with the Transatlantic Security Initiative. She is a public policy and legal expert working at Facebook, where she leads efforts to ensure election integrity on the platform. Previously, she was the special policy adviser for Europe and Eurasia to former US Vice President Joe Biden, senior policy adviser to Ambassador Samantha Power at the United States Mission to the United Nations, director for Russia at the National Security Council, and the chief of staff for European and NATO Policy in the Office of the Secretary of Defense. She has also taught at the Woodrow Wilson School at Princeton University and worked as a consultant to a leading company focused on space technologies.”

[..] on the same day in February 2016 that then-Ukrainian President Poroshenko announced that Shokin had offered his resignation, Biden spoke to both Poroshenko and Prime Minister Arseniy Yatsenyuk. The White House version is that Biden gave both men pep talks about reforming the government and fighting corruption. And that’s where Makanju comes in: “Anna Makanju, Biden’s senior policy adviser for Ukraine at the time, also listened to the calls and said release of the transcripts would only strengthen Biden’s case that he acted properly. She helped Biden prepare for the conversations and said they operated at a high level, with Biden using language such as Poroshenko’s government being “nation builders for a transformation of Ukraine.”

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Not sure if this enhances the story or kills it.

Ukrainian Lawmaker: 2nd Laptop Related To Hunter Biden Seized By Law Enforcement (DM)

A Ukrainian lawmaker has claimed a second laptop belonging to Hunter Biden’s business contacts in the country has been seized by law enforcement there. Andrii Derkach posted to Facebook on Friday to say there is a ‘second laptop’ involving evidence of corruption and connected to the Bidens, The Daily Beast reports. Rudy Giuliani, the president’s personal lawyer, has said foreign sources did not provide the Hunter Biden emails first reported last week. He says a laptop containing the correspondence and intimate photos was simply abandoned in a Delaware repair shop and the shop owner reached out to Giuliani’s lawyer. Derkach is one of Giuliani’s principal contacts and was mentioned in an August intelligence assessment that described a concerted Russian effort to disparage Biden.

A Treasury Department sanction announcement from last month characterized Derkach as an ‘active Russian agent for over a decade.’ Now he claims to know of a second laptop, used by ‘two representatives for the interests of [Burisma founder Mykola] Zlochevsky.’ Hunter served on the board of directors at Ukrainian energy company Burisma. In the post Derkach says that laptop ‘was given to Ukrainian law enforcement’ and that Burisma representatives were now serving as ‘witnesses in criminal proceedings.’ The Ukrainian parliamentarian said: ‘The facts that confirm international corruption are stored on the second laptop. ‘This laptop was handed over to Ukrainian law enforcement officers, and the “workers” themselves are now witnesses in criminal proceedings.’

Derkach says the workers are ‘ready to tell’ about international corruption involving the Bidens. He warns: ‘But most importantly! These are not the last witnesses or the last laptop.’ Giuliani has not been shy about discussing his foreign contacts, including with Derkach. In December, Derkach posted on his Facebook page photos of him and Giuliani meeting in Kyiv.

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Panic sells.

How Hysterical Punditry Failed America (Tracey)

It seems like only yesterday that America’s leading organs of elite consensus were engulfed by a full-fledged panic that the country was on the cusp of all-out Civil War. The means by which this prophesied conflict would be instigated — much less fought — were never made exactly clear, but that wasn’t the point. After all, logistical or operational specifics are immaterial when it’s already been ordained that something unimaginably, harrowingly catastrophic is just around the corner. “This is not a drill. The Reichstag is burning,” blared a five-alarm-fire warning in the Washington Post by Dana Milbank, who may want to consider a title change from “columnist” to “in-house hysteric”. Not to be outdone, establishment weather-vane Thomas Friedman joined the fray in the New York Times with an equally shocking exhortation: “I can’t say this any more clearly,” he hyperventilated.

“Our democracy is in terrible danger — more danger than it has been since the Civil War, more danger than after Pearl Harbor, more danger than during the Cuban missile crisis […]”. If these fevered prognostications even bore the faintest resemblance to political conditions in the United States, it might seem a bit odd that the pundits in question have since moved on to other subjects. Or to put it this way: if they really believed their own fantastical rhetoric, shouldn’t they have spent the past few weeks taking action more tangible than rattling off a few throwaway columns and browsing Twitter? Not that any “resistance” brigade composed of pallid middle-aged journalists would be especially formidable on the battlefield, but the point is that their conduct doesn’t come anywhere close to matching the incredible alarmism of their words.

More destruction could be in store next month than was wrought in World War II, the most devastating global military conflict in human history? All of civilisation was nearly wiped out in the Cuban Missile Crisis, but we’re supposed to believe that whatever harm is brought about by the election aftermath will exceed that? If so, why aren’t these people stockpiling canned food and training for hand-to-hand combat? They’re not doing anything of the sort because this latest round of histrionics is just a continuation of a theme that has characterised the Trump era: political and cultural elites, whose psyches have been profoundly damaged, will churn out nonstop waves of hysteria rarely noting afterwards if their frenzied forecasts ever panned out.

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I basically see only people doubting these numbers.

China Says Its Economy Grew 4.9% In The Third Quarter (CNBC)

China’s economy recovered further from the coronavirus in the third quarter, according to data released Monday by the National Bureau of Statistics. The world’s second-largest economy reported third-quarter GDP growth on the low end of expectations, up 4.9% from a year ago. That brings growth for the first three quarters of the year to 0.7% from a year ago. Chinese economists expected GDP growth of 5.2% in the third quarter, according to an average of estimates compiled by Wind Information, a financial information database. Slower recovery in Chinese consumption remained a drag, while uncertainty persisted about the ability of other countries to control the coronavirus pandemic and return to economic growth.


“Generally speaking, the overall national economy continued the steady recovery and significant results have been delivered in coordinating epidemic prevention and development,” the bureau said in an English-language release. “However, we should also be aware that the international environment is still complicated and severe,” the release said, “with considerable instabilities and uncertainties, and that we are under great pressure of forestalling epidemic transmissions from abroad and its resurgence at home. The economy is still in the process of recovery and the foundation for sustained recovery needs to be consolidated.”

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This one is easy: China is overproducing once again, that makes the “recovery” look real. But consumption doesn’t follow production.

China’s Inflation Struggles To Perk Up Despite Broader Recovery (R.)

China’s factory gate prices fell at a faster-than-expected pace in September and consumer inflation slowed to its weakest in 19 months, underscoring the challenges still facing China as it recovers from the COVID-19 pandemic. The producer price index (PPI) fell for an eighth straight month on an annual basis while consumer prices grew more slowly than expected. The world’s second largest economy has seen a steady recovery after being hard hit by the coronavirus in the first quarter. But a sustained fall in producer prices, seen as a gauge of industrial demand, may rekindle worries about deflation and prompt authorities to provide more support, analysts said.


“The PPI has not rebounded strongly despite the improving trend, pointing to continued weakness in industrial demand. It is unlikely to return to positive territory this year,” said Wang Jun, chief economist at Zhongyuan Bank. “It is possible that the economic recovery in the fourth quarter may not be as strong as it has been in the third quarter.” The PPI fell 2.1% from a year earlier, the National Bureau of Statistics (NBS) said in a statement. [..] China’s GDP grew 3.2% year-on-year in the second quarter, and recent data has pointed to a sustained rebound, underpinned by government stimulus and as the virus comes under control. China releases GDP data for the third quarter on Monday.

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“..the autumn surge in infections had changed they way they understood the virus..”

Sweden To Bring In Local Lockdowns As Covid Cases Rise (Sun)

SWEDEN is set to introduce local restrictions as coronavirus cases begin to rise across the country after it shunned lockdown. The nation has been championed by lockdown sceptics as a display of how governments could weather the pandemic storm without using draconian measures. Restaurants, bars and shops stayed open in the spring as many countries shut down their economy – but the now Stockholm appears to be changing its tactics. Dr Johan Nojd, who leads the infectious diseases department in Uppsala, told The Telegraph, said: “It’s more of a lockdown situation – but a local lockdown. He is due to meet with Sweden’s leading health officials on Monday to discussing implementing the new coronavirus measures.

Rules suggested being introduced include telling people to stop meeting the vulnerable and urged to avoid public transport. Dr Nojd also said that if contact tracing shows further links between activities and infections they will not hesitate to impose even tougher measures. He added: “Perhaps tomorrow we will have several talking about concerts or restaurants and then perhaps one could say, ‘in Uppsala now for two or three weeks it is the Public Health Agency’s advice not to sit in restaurants late at night’.” Sweden – which has a population of 10million, only slighter bigger than London – has seen coronavirus cases creeping up since the middle of September. A two week total of 85 cases per 100,000 people has been reported by the European Centre for Disease Prevention and Control. The organisation has marked Sweden with an “orange” alert as they called for coordinated action by European nations to stop a surge in cases.

[..] Sweden’s state epidemiologist Anders Tegnell said on Thursday that the autumn surge in infections had changed they way they understood the virus. He said: “I think the obvious conclusion is that the level of immunity in those cities is not at all as high as we have, as maybe some people, have believed,” he said. “I think what we are seeing is very much a consequence of the very heterogeneous spread that this disease has, which means that even if you feel like there have been a lot of cases in some big cities, there are still huge pockets of people who have not been affected yet.”

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Does anyone know of a -truly- successful contact tracing scheme? Did it work in New Zealand? The problem is obvious here: people don’t remember what they did for the past 14 days.

Alberta’s Contact Tracing Raises Red Flags (CBC)

COVID-19 cases are rising in Alberta, and there are concerns that difficulties involved in contact tracing — both manual and digital — could hamper the province’s ability to slow the spread. Of the 1,812 new cases reported in Alberta last week, 772 (43 per cent) have an unknown source. There are currently 2,836 active cases in the province, 1,054 (37 per cent) from an unknown source. Dr. Lynora Saxinger, an infectious disease specialist at the University of Alberta in Edmonton, said she doesn’t like the look of those numbers. “This is actually one of the cornerstones of reducing spread. If we can’t, basically, kind of find the ring of exposed people and prevent them from spreading it outwards, we’re going to be looking at really, really bad numbers. So it’s a big deal,” she said.


Contact tracing is the process of identifying, notifying and tracking the spread of the virus from individual to individual. Alberta’s team of contact tracers speak to people who have tested positive in order to identify who they have been in close contact with during the previous 14 days. Those close contacts can then be instructed to self-isolate and get tested. Lori Henneigh, acting manager with an Alberta Health Services COVID-19 outbreak team in Red Deer, Alta., told CBC News last month that people often have difficulty remembering what they did 14 days ago. “If you think about it yourself, if you try to think about what you did in the last 14 days, you’ll realize that it’s not easy to recollect what you did two weeks prior,” she said. “We certainly can ask them to look at statements — bills, receipts and things they have at home — to help them remember their activities in the last 14 days.”

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Peter Schiff.

The Day The International Tax Authorities Came Knocking (Age)

On a sunny Friday in late January, investigators from the Australian Tax Office issued subpoenas and fired off letters as part of an unprecedented probe that reached around the world.It was a similar scene in Amsterdam, where investigators from the Dutch tax agency set about a similar task. So, too, did investigators in the United States, Canada and the United Kingdom. While none of the millionaire tax dodgers targeted on January 24, including about 100 Australians, knew each other, they shared a bond: they were customers of a little-known Caribbean bank. The Euro Pacific Bank in Puerto Rico’s capital San Juan was founded by American celebrity investor and business commentator Peter Schiff.

The silver-haired and pugnacious businessman is worth an estimated $100 million. On major television networks, popular podcasts and his own YouTube channel, he reminds his audience he predicted the Global Financial Crisis. He also likes to warn people about the upcoming economic apocalypse from which they can take financial refuge in his “privacy assured” bank. Schiff’s celebrity status is likely why some major Australian financial institutions, including Westpac and the Perth Mint, hopped into bed with the Euro Pacific Bank. They weren’t alone. The New York Federal Reserve and Canada’s Bank of Montreal both allowed their customers to transfer funds into the bank, cloaking it in an air of credibility it used to attract thousands of clients, including at least 400 from Australia (about 100 are considered “high risk”).

But on January 24, Euro Pacific became the target of Operation Atlantis, the world’s largest tax evasion probe. Australia’s deputy tax commissioner, Will Day, describes the inquiry as “unprecedented”. An investigation by The Age, The Sydney Morning Herald and 60 Minutes in collaboration with The New York Times can reveal that Operation Atlantis is examining the financial transactions of Euro Pacific’s customers. Hundreds of account holders are now suspects in a tax evasion probe.

[..] It was January 2017, almost three years to the day before the ATO began knocking on doors, when Schiff and partner Mark Anderson filed into the Department de Estado – a pale-blue Spanish colonial-style building with two Puerto Rican flags adorning the front entrance — to sign documents registering their new venture. The bank’s new office is on the 10th floor of a blue-glass block that overlooks the North Atlantic Ocean. It’s in the expensive part of San Juan. But former employees speaking on the condition anonymity say the office was a bit like the bank itself. “An empty shell that has the appearance of luxury,” according to one Puerto Rican who worked there. “It was basically empty except for a few desks, chairs and the computers.”

When it opened in San Juan, Euro Pacific was one of 81 offshore banks on the island and it would become by far the biggest. Government records from the time of registration show the bank had 13,000 customer accounts and more than $232 million in deposits. Schiff himself lives there with all the trappings of colonial luxury.

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Probably a good movie.

Social Media Creators Admit It Dehumanizes People, Disrupts Social Fabric (RT)

An important new Netflix documentary, The Social Dilemma, uses former Silicon Valley insiders to lay bare the existential threat Big Tech poses to civilization. It’s much more than a dilemma. The Social Dilemma is a remarkable documentary about social media platforms and their two billion users, and may well be the most important documentary made in America for decades. The documentary is a radical, insider-based critique of social media and the large tech companies that created it – and continue to profit handsomely from it (especially given that they are monopolies and pay little or no tax in many countries).

Directed by American filmmaker Jeff Orlowski, The Social Dilemma features interviews with a number of former tech giant executives who created the technologies and business model that underpin the social media empire. Social media has only been with us for just over ten years and most of the interviewees are in their thirties. Tristan Harris (a former Google design ethicist) and Jaron Lanier (a computer scientist) – two of the interviewees – both believe that social media and the tech leviathans have created an “existential threat” to those western societies in which they have been permitted to flourish unchecked. They believe that social media platforms dehumanize their customers, disrupt the social fabric and are destroying democracy.

The critique is all the more compelling because it is perhaps only social media and big tech insiders that have a comprehensive understanding of how the system was created and operates. Technological changes have always attracted criticism. Gustave Flaubert, the nineteenth century novelist, disliked railways because he took the view that they “permitted more people to move about, meet and be stupid together.” But this documentary is much more than a simple critique of one particular technological advance. Rather, Orlowski argues that the technology underpinning social media differs qualitatively from all earlier technological developments, and that this gives rise to serious social and political consequences.

Railways, for example, were a mere “tool” that enabled people to travel more widely – they did not dehumanize their customers; nor were they an existential threat to western society. This qualitative difference, the documentary argues, is a result of the unique technology and business model employed by the social media behemoths. According to Orlowski, the technology utilized by social media is inherently addictive and manipulative, and involves a wide-ranging surveillance of its customers of a kind previously unimaginable.

[..] Many users of social media are undoubtedly addicted to it – observe the compulsive way in which people use their phones in public. And, as the documentary points out, there are only two industries that describe their customers as “users,” the tech industry and the drug industry. Social media is clearly manipulative. Excessive use is encouraged by various “growth techniques” such as tagging photos and inviting friends. The tech giants are in constant contact with their users, bombarding them with information tailored to suit their prejudices, together with endless advertisements. Algorithms enable the extraordinarily precise targeting of users. And there is no doubt that social media engages in covert, wide-ranging and ongoing surveillance of users.

Every transaction, click and post of every user is monitored, and mountains of data are accumulated daily in underground computer vaults in Silicon Valley. Some years ago, author John Lanchester noted that “Facebook is the biggest surveillance-based enterprise in the history of mankind….what Facebook does is watch you, and then use what it knows about you and your behaviour to sell ads.” This brings us to the social media business model. By monitoring their users, the big tech companies accumulate vast amounts of data that enables them to attract advertisers – who are willing to pay large sums for the precise targeting that only the tech giants can provide. This is why advertisers have turned their backs on traditional media companies – who simply cannot offer them the same degree of precision targeting.

In effect, the tech behemoths sell the lives of their users to their advertisers – who are willing to pay billions of dollars for them. In just under 20 years, the tech giants have become the largest corporations in America, and they grow more prosperous by the day.

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Oct 162020
 


Pablo Picasso Self portrait 1896

 

Hunter Biden Tried To Cash In Big On Behalf Of Family With Chinese Firm (NYP)
House GOP Asks If FBI Had Hunter Biden Laptop During Trump Impeachment (Fox)
Obama Conference Call Leaked To Burisma: Biden Emails (NYP)
Biden Campaign: VP May Have Had ‘Informal’ Meeting With Burisma Exec (DW)
Twitter, Facebook Protecting Biden After Execs Join Transition Team (ZH)
POTUS Punk vs. Dem Dementia (Escobar)
Facebook, Twitter Cross Line Far More Dangerous Than What They Censor (IC)
Weissmann Made Rosenstein Take Ownership of Michael Flynn Targeting (sundance)
Antiviral Drug Remdesivir Proves Ineffective In Treating COVID19 – WHO (F.)
WHO Europe Director Says Governments Should Stop Enforcing Lockdowns (PJW)

 

 

We’re in a communication vacuum. or maybe that should read: two separate vacuums. Even townhalls are not townhalls anymore. Everyone’s a liar, and everyone’s a winner.

 

 

 

 

$10 million a year. And then some.

Hunter Biden Tried To Cash In Big On Behalf Of Family With Chinese Firm (NYP)

Hunter Biden pursued lucrative deals involving China’s largest private energy company — including one that he said would be “interesting for me and my family,” emails obtained by The Post show. One email sent to Biden on May 13, 2017, with the subject line “Expectations,” included details of “remuneration packages” for six people involved in an unspecified business venture. Biden was identified as “Chair / Vice Chair depending on agreement with CEFC,” an apparent reference to the former Shanghai-based conglomerate CEFC China Energy Co. His pay was pegged at “850” and the email also noted that “Hunter has some office expectations he will elaborate.”


In addition, the email outlined a “provisional agreement” under which 80 percent of the “equity,” or shares in the new company, would be split equally among four people whose initials correspond to the sender and three recipients, with “H” apparently referring to Biden. The deal also listed “10 Jim” and “10 held by H for the big guy?” Neither Jim nor the “big guy” was identified further. The email’s author, James Gilliar of the international consulting firm J2cR, also noted, “I am happy to raise any detail with Zang if there is [sic] shortfalls ?” “Zang” is an apparent reference to Zang Jian Jun, the former executive director of CEFC China. The email is contained in a trove of data that the owner of a computer repair shop in Delaware said was recovered from a MacBook Pro laptop that was dropped off in April 2019 and never retrieved.

Tucker Burisma

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They did. And nothing happened.

House GOP Asks If FBI Had Hunter Biden Laptop During Trump Impeachment (Fox)

House Republicans are calling on the FBI to reveal whether it was in possession of a laptop that reportedly contained emails by Hunter Biden during the impeachment of President Trump — and claiming the agency committed a “gross error in judgement” if it did not inform the White House. “If the FBI was, in fact, in possession of this evidence and failed to alert the White House to its existence that would have given even more weight to the president’s legal defense, this was a gross error in judgement and a severe violation of trust,” the letter says. The letter was signed by 19 House Republicans, including Reps. Andy Biggs, R-Ariz.; Louie Gohmert, R-Texas; Debbie Lesko, R-Ariz.; and Jody Hice, R-Ga.

The letter was written after the New York Post published emails suggesting that Hunter Biden introduced his father to a top executive at Ukrainian natural gas firm Burisma Holdings in 2015 — one year before his father allegedly pressured the country’s government to fire a prosecutor who had launched an investigation into the company. The Post reported that the FBI was in possession of the laptop on which the emails were found in December 2019 — right in the middle of the impeachment of President Trump over remarks he made to the Ukrainian president about Biden’s conduct in the country.

[..] “A large portion of the president’s legal defense case revolved around strong evidence that former Vice President Biden’s son Hunter was peddling his influence to his father to land lucrative jobs overseas that he might not have otherwise been qualified for,” the letter says. The lawmakers ask whether the FBI was in possession of the laptop and drive as documented in the Post, whether it took steps to authenticate the drive and the data, and if anyone at the FBI briefed officials at the Department of Justice or White House after December.

Tucker Enjeti

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A Burisma PR firm was listening in on the call. WTF?

Obama Conference Call Leaked To Burisma: Biden Emails (NYP)

The Obama administration let a Democratic p.r. company that worked for Ukrainian energy firm Burisma take part in a conference call about an upcoming visit to Ukraine by then-Vice President Joe Biden, emails obtained by The Post show. An associate at Blue Star Strategies then emailed a memo with minutes of the conference call hosted by the White House to a top Burisma executive, Vadym Pozharskyi, as well as to Joe Biden’s son Hunter and Hunter’s business partner, Devon Archer, both of whom sat on Burisma’s board. The trip, in December 2015, turned out to be the one during which Biden later bragged about forcing Ukrainian officials to fire a state prosecutor who was investigating Burisma by threatening to withhold a $1 billion US loan guarantee.


The memo, sent shortly after the Dec. 2, 2015, call, also “outlined the trip’s agenda and addressed several questions regarding US policy toward Ukraine.” Blue Star has said it began working for Burisma and contacting Ukrainian officials on its behalf in November 2015, and an email shows that on Nov. 18, 2015, Pozharskyi sent the Blue Star contract to Hunter Biden, Archer and Eric Schwerin, president of the Rosemont Seneca Partners investment firm. Hunter Biden and Archer were among RSP’s founders, along with former Secretary of State John Kerry’s stepson, Christopher Heinz, Reuters has reported. “Could you kindly have BS countersign it and forward back to me?” Pozharskyi wrote. “I am kindly asking you to schedule either a conf call or advise us as to the foreseen action plan for November-December 2015, and if anything has been already done by BS, could kindly you ask them to share with us this information?”

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Didn’t you just deny this yesterday?

Biden Campaign: VP May Have Had ‘Informal’ Meeting With Burisma Exec (DW)

The campaign for Democratic presidential nominee Joe Biden admitted that it’s possible that Biden may have met with an executive for Burisma, a Ukrainian energy company, during his time as vice president when his son was a board member of the company. The Biden campaign released a statement condemning reporting from the New York Post that revealed an email alleging that Biden’s son Hunter brokered a meeting between his father and Vadym Pozharskyi, an adviser to Burisma’s board. The campaign ruled out any official meetings between Pozharskyi and the former vice president but could not say that the two never met.


“We have reviewed Joe Biden’s official schedules from the time and no meeting, as alleged by the New York Post, ever took place,” Biden campaign spokesman Andrew Bates told Politico. “Investigations by the press, during impeachment, and even by two Republican-led Senate committees whose work was decried as ‘not legitimate’ and political by a GOP colleague have all reached the same conclusion: that Joe Biden carried out official U.S. policy toward Ukraine and engaged in no wrongdoing. Trump administration officials have attested to these facts under oath.” Despite the strong condemnation, Bates could not say for certain that Vice President Biden and Pozharskyi did not meet in an informal setting, however.

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They always had the power. And now they’re using it. But when Twitter suspended the Trump campaign and blocked the House Judiciary, that may have been a step too far.

Twitter, Facebook Protecting Biden After Execs Join Transition Team (ZH)

As if anyone needed more evidence of Silicon Valley’s overt political bias – just weeks before Twitter and Facebook nuked Biden corruption revelations from their platforms with the intensity of a thousand suns, executives from both companies joined the Biden transition team. [..] Perhaps the selective enforcement of content which is politically harmful to Democrats can be explained by recent hires by the Biden transition team. According to Breitbart, Twitter Public Policy Director Carlos Monje left the social media giant to join Biden’s transition team in September. He will reportedly serve as co-chair of Biden’s infrastructure policy committee, and helped organize a fundraiser for the former VP this week, according to an invitation from Politico.

Monje has worked in the world of presidential transition politics in the past, previously serving as the director of agency review on the team that prepared for Secretary of State Hillary Clinton’s administration, which failed to take flight. Monje also worked on the Obama administration team’s 2008 national security working group according to his LinkedIn profile. Monje also acted as deputy policy director during Obama’s first run for office and subsequently served as a senior policy advisor and special assistant to the president on the Domestic Policy Council. Monje’s final years in the administration were spent in the Transporation Department before he departed for Twitter. -Breitbart

Meanwhile in October, Biden’s transition team hired Facebook executive Jessica Hertz to its general counsel to deal with ‘ethics’ issues. Notably, Facebook was the first platform to ban the Post article – with former Democrat staffer and Facebook communications team member Andy Stone tweeting that the company would be ‘reducing its distribution.’

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“Evidence shows that on The Walking Dead’s rallies, there are more people from the Biden bus and reporters than flesh-and-blood Dem voters. ”

POTUS Punk vs. Dem Dementia (Escobar)

All manner of polls are circulating like whirling dervishes. Most highlight myriad Dem paths to victory and an inexorable Highway to Hell for Trump. A poll by The Economist gives Joe “Walking Dead” Biden a whopping 91% chance – remember Hillary in 2016? – of winning the Electoral College. A Dem-fueled consensus is emerging that Trump – relentlessly depicted as a deranged, lunatic proto-fascist who’s bad for business worldwide – will dispute results in any Republican-led state which he may narrowly lose, as in Arizona, Florida, Michigan, North Carolina, Pennsylvania and Wisconsin. Yet on the campaign trail, it’s a completely different story. Evidence shows that on The Walking Dead’s rallies, there are more people from the Biden bus and reporters than flesh-and-blood Dem voters.

The Biden-Harris campaign, demonstrating its matchless P.R. skills, spins these rallies as campaign secrets. Team Trump’s long-shot strategy seems to have been unveiled by the President himself: “We are going to be counting ballots for the next two years (…) We have the advantage if we go back to Congress. I think it’s 26 to 22 or something because it’s counted one vote per state.” That was a reference to the 12th Amendment to the Constitution: if state electors can’t agree on a president, the decision goes to the House. And then each of the 50 states gets one vote. So picture small GOP-controlled states such as Alaska, North Dakota, South Dakota, and Wyoming (each with one Republican in the House) having the same weight as California (52 members in the House, 45 of them Democrats.)

Advantage Trump: as it stands, it’s indeed 26 to 22, with two – Pennsylvania and Michigan – basically tied. Internal GOP polls show that while the Biden-Harris campaign is not knocking on any doors, Trump volunteers have actually swarmed no less than 20 million homes in swing states. Combine it with a new Gallup Poll showing that 56% of Americans state they are better off now under Trump than four years ago under Obama/Biden. Call it the return of “It’s the economy, stupid.” The Trafalgar Group – which correctly called the 2106 election – bets that Trump narrowly wins the Electoral College with 275 votes.

JPMorgan’s top quant Marko Kolanovic has exhaustively mapped changes in voter registration to dismiss virtually every poll showing a Dem sweep. This implies that Trump may well end up winning the Holy Trinity: Pennsylvania (20 votes), Florida (29 votes) and North Carolina (15 votes). And to top it off, something more exotic than a black hole eating a star has happened in this October Surprise-laden week: CNN decided to practice real journalism and eviscerated Nancy Pelosi on camera. That may be quite a bad omen for President-in-Waiting Kamala Harris, who very few remember was forged as the heir to the Obama-Pelosi axis in a secret meeting in the Hamptons way back in the summer of 2017.

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@Jack is expected on Capitol Hill next week.

Facebook, Twitter Cross Line Far More Dangerous Than What They Censor (IC)

In sum, the two Silicon Valley giants, with little explanation, united to prevent the sharing and dissemination of this article. As Los Angeles Times reporter Matt Pearce put it, “Facebook limiting distribution is a bit like if a company that owned newspaper delivery trucks decided not to drive because it didn’t like a story. Does a truck company edit the newspaper? It does now, apparently.” That the first amendment right of free speech is inapplicable to these questions goes without saying. That constitutional guarantee restricts the actions of governments, not private corporations such as Facebook and Twitter. But glibly pointing this out does not come close to resolving this controversy. That actions by gigantic corporations are constitutional does not mean that they are benign.

State censorship is not the only kind of censorship. Private-sector repression of speech and thought, particularly in the internet era, can be as dangerous and consequential. Imagine, for instance, if these two Silicon Valley giants united with Google to declare: henceforth we will ban all content that is critical of President Trump and/or the Republican Party, but will actively promote criticisms of Joe Biden and the Democrats. Would anyone encounter difficultly understanding why such a decree would constitute dangerous corporate censorship? Would Democrats respond to such a policy by simply shrugging it off on the radical libertarian ground that private corporations have the right to do whatever they want? To ask that question is to answer it.

To begin with, Twitter and particularly Facebook are no ordinary companies. Facebook, as the owner not just of its massive social media platform but also other key communication services it has gobbled up such as Instagram and WhatsApp, is one of the most powerful companies ever to exist, if not the most powerful. In June, the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law launched an investigation into the consolidated power of Facebook and three other companies — Google, Amazon and Apple — and just last week issued a sweeping report which, as Ars Technica explained, found: “Facebook outright “has monopoly power in the market for social networking,” and that power is “firmly entrenched and unlikely to be eroded by competitive pressure” from anyone at all due to “high entry barriers—including strong network effects, high switching costs, and Facebook’s significant data advantage—that discourage direct competition by other firms to offer new products and services.”

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Bit too many screenshots would be needed. See the original.

Weissmann Made Rosenstein Take Ownership of Michael Flynn Targeting (sundance)

On June 3, 2020, former Deputy Attorney General Rod Rosenstein appeared before the Senate Judiciary Committee to discuss his role in how Main Justice was operating while Andrew Weissmann’s special counsel was in charge. What he said in that hearing never quite made sense until yesterday. Those who closely followed the arc of the Weissmann/Mueller investigation; and those who joined us in following that investigation; already knew the SCO was in complete control from May 2017 to April 2019. Everything taking place inside the DOJ in the two years of the Mueller/Weissmann probe was completely and unequivocally controlled by the Weissmann team. Few journalists have ever grasped the ramifications of that control.


That control included every release and non-release of information during their two year tenure. However, Rosenstein’s tone when questioned about the scope memos he authorized during the special counsel time-frame was very odd in that June hearing. Rosenstein had a very guilty conscience and it was on full display as he attempted to justify his action. You see, there was always a missing scope memo from October 20, 2017, that no-one in the DOJ ever discussed. The nature of the scope memo was mentioned by Weissmann and Mueller in part of their Russia report; but until yesterday it was hidden. Here is the only mention of the October 20, 2017, scope memo prior to yesterday:

As you can see above the special counsel’s office used that October 20th scope memo to expand their investigative authorities. Specifically the second redacted name is very important because this specific memo authorized Andrew Weissmann to target Michael Flynn Jr as pressure to coerce a guilty plea from Lt. Gen. Michael Flynn a month later. During his apologetic senate testimony Rosenstein told congress he never questioned the authority of the special counsel team and never once questioned their “investigative process“, those are his words. Additionally, Rosenstein testified he signed all the scope memos because he felt it was his “responsibility” to facilitate the SCO needs regardless of what they requested; and every request was considered an “investigative process” by him.


Yesterday the mysteriously avoided October 20, 2017, scope memo was finally released to Catherine Herridge from the Senate Homeland Security Committee (Chairman Ron Johnson). Within the scope memo we can now see exactly what reference point Rosenstein was carrying during his June testimony. The scope memo was written by the special counsel’s office and the last page shows the motive and intent of Weissmann’s crew. Notice the tone and direction of the memo as that aspect also conveys a message; and do not overlook the specific phrase “jointly undertaken activity.” That approach was used by the SCO to target Flynn Jr.:

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“The gains Gilead experienced in the stock market during the pandemic have all but dissipated.”

Antiviral Drug Remdesivir Proves Ineffective In Treating COVID19 – WHO (F.)

The antiviral drug remdesivir had little or no effect in treating patients hospitalized with Covid-19, according to a study that has not yet been peer reviewed, but was coordinated by the World Health Organization and released on Thursday, casting doubt on one of the few promising treatments for the coronavirus. Deeming it “the world’s largest randomized control trial on Covid-19 therapeutics,” the six-month long study of four drugs—remdesivir, hydroxychloroquine, lopinavir/ritonavir and interferon—proved “unpromising.” “The main outcomes of mortality, initiation of ventilation and hospitalization duration were not clearly reduced by any study drug,” the study reads. Over 11,000 adults across 30 countries and 405 hospitals were studied to come to these results.


Regimens involving the anti-malarial drug hydroxychloroquine have already been proven ineffective, but remdesivir appeared to be one of the few therapies to prove effective in combating Covid-19 symptoms. The WHO’s results come just a week after a study published in the New England Journal of Medicine that found remdesivir shortened the time of recovery for adults hospitalized with Covid-19. President Trump, who contracted Covid-19 and spent time at Walter Reed hospital upon suffering from symptoms, was administered remdesivir as part of his treatment. Remdesivir is the only specific drug with an emergency use authorization from the Food and Drug Administration. [..] The gains Gilead experienced in the stock market during the pandemic have all but dissipated. Its price rose as much as 29% since the start of the year before falling 3% below its position in January.

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Contradictory messages are lethal for an organization like the WHO.

WHO Europe Director Says Governments Should Stop Enforcing Lockdowns (PJW)

The World Health Organization’s Regional Director for Europe Hans Kluge says governments should stop enforcing lockdowns, unless as a “last resort,” because the impact on other areas of health and mental well-being is more damaging. In an interview with Euro News, Kluge cautioned against the imposition of more lockdowns unless they are “absolutely necessary.” “He says damage to other health areas, mental health, domestic violence, schools and cancer treatment is too great,” tweeted reporter Darren McCaffrey. Kluge’s warning matches that of the WHO’s special envoy on COVID-19, Dr David Nabarro, who recently told the Spectator in an interview that world leaders should stop imposing lockdowns as a reflex reaction because they are making “poor people an awful lot poorer.”

It also resonates with numerous other experts who have desperately tried to warn governments that lockdowns will end up killing more people than the virus itself, but have been largely ignored. Germany’s Minister of Economic Cooperation and Development, Gerd Muller, recently warned that COVID-19 lockdowns will result in “one of the biggest” hunger and poverty crises in history. “We expect an additional 400,000 deaths from malaria and HIV this year on the African continent alone,” Muller said, adding that “half a million more will die from tuberculosis.” Muller’s comments arrived months after a leaked study from inside the German Ministry of the Interior revealed that the impact of the country’s lockdown could end up killing more people than the coronavirus due to victims of other serious illnesses not receiving treatment.

Another study found that lockdowns will conservatively “destroy at least seven times more years of human life” than they save. Professor Richard Sullivan also warned that there will be more excess cancer deaths in the UK than total coronavirus deaths due to people’s access to screenings and treatment being restricted as a result of the lockdown. His comments were echoed by Peter Nilsson, a Swedish professor of internal medicine and epidemiology at Lund University, who said, “It’s so important to understand that the deaths of COVID-19 will be far less than the deaths caused by societal lockdown when the economy is ruined.” According to Professor Karol Sikora, an NHS consultant oncologist, there could be 50,000 excess deaths from cancer as a result of routine screenings being suspended during the lockdown in the UK.

Read more …

 

 

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Oct 072020
 
 October 7, 2020  Posted by at 9:14 am Finance Tagged with: , , , , , , , , , ,  22 Responses »


Leonardo da Vinci Head of a Woman 1475-80

 

President Trump Reauthorizes Declassification of all Documents (sundance)
There are Trillions at Stake (sundance)
Declassified CIA Docs Show Alleged Clinton Plan To Link Trump To Russia (DC)
Spy Chief Releases Docs On Claim Hillary Clinton Cooked Up Russia Scandal (NYP)
CIA Director Gina Haspel and the British Role in the Anti-Trump Plot (Farrell)
Grand Jury Indicts St. Louis Couple Who Defended Home Amid Demonstrations (JTN)
Jay Powell Wants More Help From Congress: Low Risk Of ‘Overdoing It’ (CNBC)
Unfavorable Views of China Reach Historic Highs in Many Countries (Pew)
Court To Rule On UK Freedom Of Information Bids From Overseas (G.)
The Unprecedented And Illegal Campaign To Eliminate Julian Assange (Glass)
Top US Food Bank Warns Of Nationwide “Meal Shortages” In Next 12 Months (ZH)
Media Criticizes Trump For Downplaying Virus Threat By Not Dying (BBee)

 

 

Trump disavows

 

 

Trump declassification

 

 

Lawyer “sundance” explains that we’ve been here before, and nothing happened. We’re still where we were in May 2019.

Interesting that he includes Julian Assange. I did say a few weeks ago that Assange may need the right-wing press. And they need him.

President Trump Reauthorizes Declassification of all Documents (sundance)

President Donald Trump has transmitted an epic tweet-storm seemingly targeted toward all officials within the executive branch; and the intelligence apparatus writ large:

One important note of caution: there is a big difference between “authorized” and “ordered”. On May 23rd, 2019, President Trump authorized AG Bill Barr to declassify all documents and despite much optimism nothing happened {Go DEEP}. However, President Trump references that lack of inaction in the next series of tweets:

Presumably “people” who “acted very slowly” would pertain to AG Bill Barr, FBI Director Chris Wray, CIA Director Gina Haspel, State Dept Secretary Mike Pompeo and former ODNI Dan Coats. President Trump asks those agencies now to “Act!!!” President Trump also expressed the same frustration many of us feel about how these agencies and institutions have operated only to protect their own interests. He even re-tweeted the meme of Bill Barr to drive home the point. [..] Whether anything comes of this latest, seemingly stronger, emphasis and request from President trump is an unknown. However, again, this is an authorization for release of documents and not a direct order.


There are likely legal reasons for this approach, and no doubt there are advisors around the office of the president who would want him to take a more cautious approach. Several people are pointing toward an announcement of a press conference by the DOJ tomorrow and attempting to connect the tweet-storm to the presser. However, my gut tells me they are two distinctly different topics; but we can keep our fingers crossed. We will know if the two events are connected less than 12 hours from now. Interestingly, albeit likely unrelated, the specific participants in the presser hold offices that are directly connected to the previous 2019 indictment of Julian Assange.

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Also “sundance”, with an excellent review of how Washington operates.

There are Trillions at Stake (sundance)

With 30-days left before the election perhaps it’s worthwhile remembering what all of this opposition is about… Something 99% of American voters do not quite understand. Congress doesn’t actually write legislation. The last item of legislation written by congress was sometime around the mid 1990’s. Modern legislation is sub-contracted to a segment of DC operations known as K-Street. That’s where the lobbyists reside. Lobbyists write the laws; congress sells the laws; lobbyists then pay congress lucrative commissions for passing their laws. That’s the modern legislative business in DC. When we talk about paying-off politicians in third-world countries we call it bribery. However, when we undertake the same process in the U.S. we call it “lobbying”.

CTH often describes the system with the phrase: “There are Trillions at Stake.” The process of creating legislation is behind that phrase. DC politics is not quite based on the ideas that frame most voter’s reference points. With people taking notice of DC politics for the first time; and with people not as familiar with the purpose of DC politics; perhaps it is valuable to provide clarity. Most people think when they vote for a federal politician -a House or Senate representative- they are voting for a person who will go to Washington DC and write or enact legislation. This is the old-fashioned “schoolhouse rock” perspective based on decades past. There is not a single person in congress writing legislation or laws.

In modern politics not a single member of the House of Representatives or Senator writes a law, or puts pen to paper to write out a legislative construct. This simply doesn’t happen. Over the past several decades a system of constructing legislation has taken over Washington DC that more resembles a business operation than a legislative body. Outside groups, often called “special interest groups”, are entities that represent their interests in legislative constructs. These groups are often representing foreign governments, Wall Street multinational corporations, banks, financial groups or businesses; or smaller groups of people with a similar connection who come together and form a larger group under an umbrella of interest specific to their affiliation.

Sometimes the groups are social interest groups; activists, climate groups, environmental interests etc. The social interest groups are usually non-profit constructs who depend on the expenditures of government to sustain their cause or need. The for-profit groups (mostly business) have a purpose in Washington DC to shape policy, legislation and laws favorable to their interests. They have fully staffed offices just like any business would – only their ‘business‘ is getting legislation for their unique interests. These groups are filled with highly-paid lawyers who represent the interests of the entity and actually write laws and legislation briefs. In the modern era this is actually the origination of the laws that we eventually see passed by congress. Within the walls of these buildings within Washington DC is where the ‘sausage’ is actually made. Again, no elected official is usually part of this law origination process.

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I’ve read many comments on the declassification, and I find all the references to Russia disconcerting. Why not leave Russia out, and then look at what happened? Russia is not the story.

Declassified CIA Docs Show Alleged Clinton Plan To Link Trump To Russia (DC)

Director of National Intelligence John Ratcliffe on Tuesday declassified portions of two documents that show the CIA picked up intelligence regarding Hillary Clinton’s alleged approval of a campaign to link Donald Trump to Russia’s hacking efforts. Ratcliffe declassified notes taken in 2016 by then-CIA Director John Brennan during a meeting with President Obama and his national security advisers regarding Russia’s election meddling efforts. The intelligence chief also declassified sections of a Counterintelligence Operation Lead (CIOL) memo that the CIA sent on Sept. 7, 2016 to then-FBI Director James Comey and Peter Strzok, the top counterintelligence investigator on Crossfire Hurricane. “Per FBI verbal request, CIA provided the below examples of information the CROSSFIRE HURRICANE fusion cell has gleaned to date,” reads an unredacted portion of the CIOL.

The memo referred to information related to “US presidential candidate Hillary Clinton’s approval of a plan concerning US presidential candidate Donald Trump and Russian hackers hampering US elections as a means of distracting the public from her use of a private email server.” Brennan has testified that he created a so-called “fusion cell” in July 2016 that consisted of officials from the CIA, FBI and National Security Agency to investigate Russia’s election interference. The CIA documents, obtained by The Daily Caller News Foundation, were cited last week in a letter that Ratcliffe sent to Senate Judiciary Committee Chairman Lindsey Graham. That letter said that U.S. intelligence “gained insight” in late July 2016 into “Russian intelligence analysis” that asserted that Clinton had approved a plan to link Trump to Russia’s hacking efforts in order to distract from her use of a private email server.

The documents released Tuesday do not provide much clarification about the underlying CIA intelligence. They do confirm that the CIA obtained the intelligence Ratcliffe referred to in his letter. Republicans asserted that the documents raise questions about whether Clinton personally approved the dissemination of a false allegation linking Trump to Russia. Clinton campaign advisers publicly accused Donald Trump of aiding Russia’s hacking efforts following the July 22, 2016 release of DNC emails through WikiLeaks. A report from the special counsel’s office released last year said there was no evidence that Trump or members of his campaign conspired with Russia to hack and release Democrats’ emails. According to Brennan’s undated notes, he told President Obama that the intelligence community had picked up evidence that Russians had learned that Clinton personally approved a plan on July 28, 2016 to link Trump to Russia’s hacking of the Democrat National Committee.

Brennan’s notes refer to intelligence related to Clinton’s approval “of a proposal from one of her foreign policy advisors to vilify Donald Trump by stirring up a scandal claiming interference by Russian security services.” Brennan appeared on CNN shortly after Ratcliffe declassified the documents, but denied that they showed any wrongdoing on Clinton’s part. He said during the briefing for Obama, he provided examples of “the type of access that the U.S. intelligence community to Russian information and what the Russians were talking about and alleging.” “If in fact what the Russians were alleging, that Hillary was trying to highlight the reported connections between Trump and the Russians — and that’s a big ‘if’ — there is nothing at all illegal about that.”

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The docs do seem to move us forward at least a bit.

Spy Chief Releases Docs On Claim Hillary Clinton Cooked Up Russia Scandal (NYP)

National Intelligence Director John Ratcliffe on Tuesday declassified documents that claim Hillary Clinton ordered “a campaign plan to stir up a scandal” by linking President Trump to Russia in 2016 — and that then-President Barack Obama knew about her possible role. Ratcliffe provided to Fox News an undated set of notes from then-CIA director John Brennan about a briefing for Obama that touched on the allegation, and an investigative referral from the CIA to the FBI describing the claim. “Today, at the direction of President Trump, I declassified additional documents relevant to ongoing Congressional oversight and investigative activities,” Ratcliffe told Fox News Tuesday.

Most of the unredacted content in the documents was released by Ratcliffe last week, though minor new details cast doubt on former FBI Director James Comey’s declaration last week that he could not recall the claim, which Clinton allies deny as baseless potential Russian disinformation. The newly released notes from Brennan, who now is a fiery anti-Trump commentator, indicate that Brennan briefed Obama on “alleged approval by Hillary Clinton on July 28 of a proposal from one of her foreign policy advisors to vilify Donald Trump by stirring up a scandal claiming interference by Russian security services.” Ratcliffe’s initial disclosure said that, according to Brennan’s notes, Clinton allegedly approved the scheme on July 26.

The minor inaccuracy shortens the window of time between Clinton’s alleged approval of the plot and the FBI opening its investigation of possible Trump-Russia collusion on July 31, 2016. A previously undisclosed annotation in Brennan’s notes appears to attribute to Obama an interest in “any evidence of collaboration between Trump campaign + Russia.” The initials “JC” also are on the briefing notes, implying that that then-FBI Director James Comey attended the meeting where Brennan discussed the theory with Obama.

[..] The investigative referral from the CIA to the FBI, meanwhile, contains the previously disclosed passage noting an allegation about “Clinton’s approval of a plan concerning US Presidential candidate Donald Trump and Russian hackers hampering US elections as a means of distracting the public from her use of a private mail server.” The actual referral is mostly redacted, but additionally states that the document was sent “per FBI verbal request.” It was addressed to Comey, but to the attention of then-FBI Deputy Assistant Director of Counterintelligence Peter Strzok, who notoriously traded anti-Trump text message on work phones with his mistress FBI lawyer Lisa Page. In his initial disclosure last week, Ratcliffe said the claim against Clinton was unproven and could be an “exaggeration or fabrication.”

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The same Gina Haspel is now apparently hampering efforts to declassify documents. Who foisted her on Trump? And what role did she play in the Assange case while she ran the CIA in London?

CIA Director Gina Haspel and the British Role in the Anti-Trump Plot (Farrell)

We have raised and discussed serious matters of fact and questions about the role of CIA Director Gina Haspel in the Anti-Trump conspiracy. It appears Haspel (while serving as London Chief of Station from 2014 to early 2017) was an active, knowledgeable party to the efforts to target candidate Trump with an FBI-instigated foreign counterintelligence operation. That seditious conspiracy carried forward to a more sophisticated and aggressive plan to carry out a soft coup against President Donald J. Trump. Looking back on news reporting concerning Haspel, we turn (with caution) to a Washington Post article from July 2019 by Shane Harris, titled: “The quiet director: How Gina Haspel manages the CIA’s volatile relationship with Trump”.

We are supposed to believe that Haspel and her office did not cooperate with the reporter for the article. Harris disclaims Haspel involvement by writing: “This report is based on interviews with 26 current and former officials who have worked with Haspel in the United States, particularly when she served in senior management roles at headquarters, and in London, where Haspel served two tours as the CIA’s top representative — chief of station — a plum post that is usually the steppingstone to the agency’s highest ranks.” No Washington Post article in the last decade has contained such a scrupulous sourcing statement. Of course, Haspel had nothing to do with the article. Remember that, won’t you?

Haspel, twice-over Chief of Station in London, had close connections with the British intelligence and security services. Given the nature of the “special relationship” between the two countries, that is hardly surprising. Harris’s interviews of British intelligence officers take things a step further, however: “… what she lacked in after-hours sociability she made up for with deep professional ties to the upper echelon of the British security establishment. ‘She had access to anyone in our service,’ the former British intelligence official said.” Harris goes on to explain: “Haspel has become the CIA’s linchpin to the Secret Intelligence Service, or MI6, its most important foreign partner. Her British colleagues say that she knows them so well — warts and all — that they call her the ‘honorary U.K. desk officer.'”

In the next paragraph, Harris notes breathlessly: “… Trump has accused the United Kingdom of conspiring with American intelligence to spy on his presidential campaign.” President Trump certainly has made that claim, and one believes for very good reasons that seem to compound weekly. Reasons that make the “intelligence community” and 95% of “official Washington” extremely nervous. It is the sort of statement that presidential aides and counsels look nervous about, wring their hands and respectfully, earnestly plead: “But Mr. President, you just can’t say that sort of thing!” Truth be damned.

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Hard to see how this is not political.

Grand Jury Indicts St. Louis Couple Who Defended Home Amid Demonstrations (JTN)

St. Louis couple Mark and Patricia McCloskey, have been indicted by a Grand Jury seated by St. Louis Circuit Prosecutor Kim Gardner’s office, in connection with them defending their home this summer amid Black Lives Matter protests. Al Watkins, an attorney for the couple, confirmed to the Associated Press the indictments against Mark McCloskey, 63, and Patricia McCloskey, 61. Joel Schwartz, a McCloskey attorney, told Just the News on Tuesday night that the indictment is called a “suppressed” indictment and that he’s unaware of what it states. “I am told by sources that this is a suppressed indictment, which makes no sense to me. We had a hearing this morning in court. The hearing was cancelled. Then I was contacted by sources, who learned my clients were indicted. I reached out to the Circuit Attorney’s office. I have yet to received a response,” said Joel Schwartz to Just the News.


Schwartz represents the couple in the criminal case, and Watkins represents the couple in a related civil case. Gardner, a Democrat, charged the McCloskeys with “flourishing” a weapon in connection with the June 28 incident in which social justice protesters entered the couple’s private, gated community during a demonstration and marched past their home. The McCloskeys have said they each went outside with a gun because they feared for the safety of themselves and their home. Missouri GOP Gov. Mike Parson said in July that he was prepared to exercise his pardon powers if prosecutors bring criminal charges in the case. As previously reported by Just the News, Gardner’s campaigns have received tens of thousands of dollars from a political action committee financed by billionaire political philanthropist George Soros.

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He’s going to bankrupt untold numbers of Americans.

Jay Powell Wants More Help From Congress: Low Risk Of ‘Overdoing It’ (CNBC)

Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has “a long way to go.” Noting progress made in job creation, goods consumption and business formation, among other areas, Powell said that now would be the wrong time for policymakers to take their foot off the gas. Doing so, he said, could “lead to a weak recovery, creating unnecessary hardship for households and businesses” and thwart a rebound that thus far has progressed more quickly than expected. “By contrast, the risks of overdoing it seem, for now, to be smaller,” Powell added in remarks to the National Association for Business Economics.

“Even if policy actions ultimately prove to be greater than needed, they will not go to waste. The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods.” The remarks come amid conflicting signs for an economy trying to shake off the unprecedented impacts of the Covid-19 pandemic. While 11.4 million jobs lost during the associated economic shutdown have been recovered, nearly half of displaced workers remain sidelined. GDP is expected to show a sharp rebound from the 31% second-quarter plunge and housing has been a strong point as well.

However, Powell cautioned that backing off now with fiscal and monetary help runs the risk of losing momentum and bringing about an added downturn that would look not like the government-induced one that began in February, but rather a more traditional downturn that would be harder to recover from and worsen the U.S. wealth gap. That would be one where “weakness feeds on weakness,” he said. “The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods,” Powell added.

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Don’t worry, they hate Trump more.

Unfavorable Views of China Reach Historic Highs in Many Countries (Pew)

Views of China have grown more negative in recent years across many advanced economies, and unfavorable opinion has soared over the past year, a new 14-country Pew Research Center survey shows. Today, a majority in each of the surveyed countries has an unfavorable opinion of China. And in Australia, the United Kingdom, Germany, the Netherlands, Sweden, the United States, South Korea, Spain and Canada, negative views have reached their highest points since the Center began polling on this topic more than a decade ago. Negative views of China increased most in Australia, where 81% now say see the country unfavorably, up 24 percentage points since last year. In the UK, around three-quarters now see the country in a negative light – up 19 points.

And, in the U.S., negative views of China have increased nearly 20 percentage points since President Donald Trump took office, rising 13 points since just last year. The rise in unfavorable views comes amid widespread criticism over how China has handled the coronavirus pandemic. Across the 14 nations surveyed, a median of 61% say China has done a bad job dealing with the outbreak. This is many more than say the same of the way the COVID-19 pandemic was handled by their own country or by international organizations like the World Health Organization or the European Union. Only the U.S. receives more negative evaluations from the surveyed publics, with a median of 84% saying the U.S. has handled the coronavirus outbreak poorly.

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“5 year search for the truth by @SMaurizi continually blocked by UK/US govt.”

Hard to swallow the irony of the Guardian printing this.

Court To Rule On UK Freedom Of Information Bids From Overseas (G.)

The rights of those living abroad to submit freedom of information requests are to be tested in court after more than a dozen cases – including one relating to Julian Assange’s extradition – were blocked. A combined hearing involving the Home Office, Metropolitan police, the Information Commissioner’s Office (ICO) and 13 separate cases is to be held at an information tribunal in London. At issue is whether applicants overseas are entitled to a response when submitting freedom of information requests to UK government departments and agencies. It is not clear who triggered the “stay” imposed on the 13 requests. The ICO has declined to comment. No date has been set for the case.

The Cabinet Office, which has responsibility for FOI policy, says it complies with ICO guidance, which states: “Anyone can make a freedom of information request – they do not have to be UK citizens, or resident in the UK.” The tribunal, however, has told parties in the suspended cases that it has “decided to deal with the territorial scope” of the Freedom of Information Act 2000. All of the stayed FOI requests are from applicants not resident in Britain. The hearing will also examine whether there is a requirement that those who make FOI requests have a connection to the UK. “The main principle behind freedom of information legislation,” the ICO has said, “is that people have a right to know about the activities of public authorities, unless there is a good reason for them not to.”

One of the blocked cases is an appeal by the Italian journalist Stefania Maurizi, who works for daily newspaper Il Fatto Quotidiano and writes about WikiLeaks. She has been pursuing information about how the Crown Prosecution Service dealt with its Swedish counterpart during initial attempts to extradite Assange to Sweden. Her work has been covered by the Guardian. Maurizi has also studied at Imperial College in London. Barristers Jennifer Robinson, who represents Assange, and Estelle Dehon, who specialises in freedom of information, are representing Maurizi. They have asked the tribunal to lift the stay and allow their appeals for the release of further information to proceed. They argue that Maurizi has worked on UK publications and has carried out investigations relating to the UK and UK citizens. She has also taken several other cases to information tribunal hearings.

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Let’s declassify the docs behind this.

The Unprecedented And Illegal Campaign To Eliminate Julian Assange (Glass)

Over the 17 days of Julian Assange’s extradition hearing in London, prosecutors succeeded in proving both crimes and conspiracy. The culprit, however, was not Assange. Instead, the lawbreakers and conspirators turned out to be the British and American governments. Witness after witness detailed illegal measures to violate Assange’s right to a fair trial, destroy his health, assassinate his character, and imprison him in solitary confinement for the rest of his life. Courtroom evidence exposed illegality on an unprecedented scale by America’s and Britain’s intelligence, military, police, and judicial agencies to eliminate Assange. The governments had the edge, like the white man of whom Malcolm X wrote, “He’s a professional gambler; he has all the cards and the odds stacked on his side, and he has always dealt to our people from the bottom of the deck.”

The deck was clearly stacked. Assange’s antagonists were marking the cards as early as February 2008, when the U.S. Army Counterintelligence Center set out, in its words, to “damage or destroy this center of gravity” that was WikiLeaks. WikiLeaks, from the time Assange and his friends created it in 2006, was attracting sources around the world to entrust them, securely and anonymously, with documents exposing state crimes. The audience for the documents was not a foreign intelligence service, but the public. In the governments’ view, the public needed protection from knowledge of what they were doing behind closed doors and in the skies of Afghanistan and Iraq. To plug the leaks, the governments had to stop Assange. The Pentagon, the CIA, the National Security Agency, and the State Department soon followed the Counterintelligence Center’s lead by establishing their own anti-Assange task forces and enlisting the aid of Britain, Sweden, and Ecuador.

What a ride it’s been. The first recorded “black op” against Assange occurred on September 27, 2010, when a suitcase containing three laptops, hard drives, and clothing vanished from the aircraft carrying him from Sweden to Germany. Efforts to retrieve his belongings, which included privileged communications with his legal counsel, elicited vague excuses from the airline that it knew nothing. The fate of the purloined items became public knowledge in 2013 when information from his laptops appeared in prosecution briefs against U.S. Army whistleblower Chelsea Manning. In 2011, FBI agents went to Iceland to employ an 18-year-old informant, Sigurdur “Siggi” Thordarson, to spy on WikiLeaks. When Iceland’s authorities discovered the FBI’s illegal activities, it deported the FBI agents. Thodarson, whom the FBI had paid $5,000 and flown around the world, later confessed to stealing money from WikiLeaks and was convicted for sexually abusing underage boys.

Tulsi for Julian

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And not just in the US.

Top US Food Bank Warns Of Nationwide “Meal Shortages” In Next 12 Months (ZH)

The virus pandemic and resulting recession, crushing millions of households, has produced a new era of hunger nationwide. After seven months of the coronavirus chaos, triggering widespread unemployment and the collapse of small businesses, millions of Americans are going hungry for the first time in their lives ahead of the holiday season. Tens of millions of Americans have turned to their local food banks as food insecurity spirals out of control. According to the U.S. Census Bureau’s Household Pulse Survey from late August, about 10% of adults, 22.3 million, reported they didn’t have enough to eat or lacked food. This figure is up from 18 million in early March.

Now, Feeding America, a nationwide network of more than 200 food banks, serving more than 46 million people, is warning it may experience a massive food shortage within the next twelve months, reported WaPo. Feeding America said it could face a deficit of “10 billion pound shortfall between now and June of 2021 – the equivalent of 8 billion meals.” In July, the nonprofit organization “estimated the total need for charitable food over the next year would be an unprecedented 17 billion pounds, more than three times the food bank network’s last annual distribution of 5 billion pounds.”

Rising food insecurity comes as the economy faces a tidal wave of long-term unemployment as millions of people who lost jobs early in the pandemic and remain out of work, unable to find a job, as job losses increasingly become permanent. At the moment, nearly 4 million jobs have vanished forever. Two problems are developed: rising long-term unemployment and permanent job losses, the combination of the two create deep economic scarring and immense financial pain for households. The Salvation Army recently launched its annual holiday fundraising campaign early this year, for the first time in 130 years, in a bid to “rescue Christmas” to support those households financially ruined by the economic downturn.

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Brilliant Babylon Bee.

Media Criticizes Trump For Downplaying Virus Threat By Not Dying (BBee)

President Donald Trump is once again under fire from the media for recklessly downplaying the danger of COVID by refusing to die. As the president begins to show signs of recovery, many worry that this sends the wrong message about the seriousness of the global pandemic. “Every hour that he lives is another hour that the severity of this virus is undermined!” said reporter Sara Grace Major for CNN. “Why won’t he just DIE and show the American people how deadly this virus truly is?” “Mr. President, are you sure you don’t need to lie down indefinitely or go on a ventilator?” asked another distraught journalist. “Maybe even say goodbye to your loved ones?!”


“Honestly, I feel terrific. Tremendous, really. I was never afraid of this virus before, but now I am even more not afraid. It’s sad, really. I was told this virus would be one tough cookie,“ Trump said to the press. “In fact, I’ve never felt better.” “His defiance is going to get people killed. Dying like he’s supposed to would be the most patriotic thing he could do,” complained CNN correspondent Adam Pelot. “If he lives, how will the people be able to trust science?” At publishing time, members of the press had begun pulling their own hair out as they watched the “incredibly strong and healthy” president go for a jog around the White House grounds.

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“I hated school because I liked to daydream and the system tried to stop me from that.”
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Marshall McLuhan

 

 

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Sep 292020
 


Fred Stein Times Square at Night 1947

 

Rapid-Testing Drive Unveiled As Virus Deaths Pass One Million (Y!)
Young People Are At Risk Of Severe COVID19 Illness (NBC)
Putin To Be Among First To Receive ‘Controversial’ Sputnik Vaccine (ZH)
Seeing Through Pea Soup (Kunstler)
Biden’s Texas Political Director Accused of Illegal Ballot Harvesting (NF)
Alleged Ilhan Omar Cash-For-Ballot Transaction Caught On Tape (ZH)
New York Times Trump Tax Story Disappoints (Reilly)
Airlines Demand New $25B Bailout after Burning $45B on Share Buybacks (WS)
Ai Weiwei: ‘Too Late’ To Curb China’s Global Influence (BBC)
The Surreal US Case Against Assange (Mercouris)
Julian Assange Faces ‘Torturous’ Months In Parking Space-Sized Cell In US (PA)
I Lived Through Collapse. America Is Already There. (Samarajiva)

 

 

Ron Johnson

 

 

$5 a piece. Remember, Holland charges €225. But 270 million tests is nothing. You need 600 million a week just in the US.

WHO Unveils $600 Million Rapid-Testing Drive (Y!)

Coronavirus tests that deliver results in 15-30 minutes are to be rolled out across the United States and in scores of poorer countries, as health authorities worldwide try to get a handle on a disease that has now killed more than a million people. US President Donald Trump announced 150 million tests would be distributed in America, while the World Health Organization said 120 million more would be available for the developing world at $5 each as long as funding was secured. The testing push comes as the virus shows no sign of receding, with infection numbers climbing rapidly in Europe again and governments there clamping down on movement in an attempt to curb the surge.

Paris, London and Madrid have all been forced to introduce controls to slow infections, and on Monday Dutch authorities became the latest to tighten curbs, while the Czech Republic and Slovakia said they were preparing to declare a state of emergency. The WHO said its $600 million scheme to roll out the quick diagnosis kits across 133 countries in the next six months would enable low- and middle-income nations to close the gap in testing with the rich world. The kits are far faster, cheaper and easier to administer than regular standard polymerase chain reaction (PCR) swab tests but are less sensitive and more likely to return false negatives.

“This will enable the expansion of testing, particularly in hard-to-reach areas that do not have lab facilities or enough trained health workers to carry out PCR tests,” WHO director-general Tedros Adhanom Ghebreyesus told a virtual press conference. Experts have for months been calling for widespread adoption of this low-cost technology so that people can test themselves several times a week. Harvard epidemiologist Michael Mina said the testing drive “is terrific and is a great start”. But the amount being distributed by the US government was “simply not sufficient” and production should be multiplied ten- or twentyfold, he added.

The tests are part of a limited toolkit available to governments as they seek ways to get the wheels turning on economies that have been crippled in recent months by lockdowns and other restrictions on people’s lives. A million Madrid residents are under partial lockdown, with the city and the surrounding region at the centre of Spain’s second wave. The national government on Monday warned the local authorities of drastic measures if the region failed to move decisively to slow the uncontrolled spread.

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“Young people should not assume they are immune to the consequences of this disease, and they should do everything they can to avoid it.”

Young People Are At Risk Of Severe COVID19 Illness (NBC)

New findings published this month further reveal how severely Covid-19 can affect young adults. A research paper published in JAMA Internal Medicine found that among more than 3,200 adults ages 18 to 34 who were hospitalized with the disease, 21 percent required intensive care, 10 percent required mechanical ventilation and nearly 3 percent — 88 patients — died. Of those who survived, 3 percent — 99 patients — had to be discharged to another health care facility to continue their recoveries. “While the vast majority of young adults who get Covid are not going to require hospitalization, those who do have really high risk for these adverse outcomes,” said the study’s author, Dr. Scott Solomon, a professor of medicine at Harvard Medical School and Brigham and Women’s Hospital in Boston. “It is not trivial.”

The research is worrisome because the incidence of Covid-19 in the United States is now highest among young adults ages 20 to 29, who from June to August accounted for more than 20 percent of all confirmed cases, according to the latest figures from the Centers for Disease Control and Prevention, reported Wednesday. Adults ages 30 to 39 made up the second-largest group of cases. As young adults return to college campuses — and parties — multiple outbreaks already have been reported across the nation. Doctors are concerned about the spreading infections and the serious cases that can result. “We’re seeing a really rising incidence of Covid-19 in young people, and that’s in part due to activity over the summer, and obviously we’re all very worried about this as they come back to colleges,” Solomon said.

“It’s unfortunate, but I think that we are likely to see an increased percentage of young people who experience these bad outcomes as the number of infections in this group goes up,” he said. Solomon and colleagues used a large health care database to look at serious Covid-19 illnesses in young adults hospitalized in April, May or June. Of the more than 1,000 U.S. hospitals in the database, which treated a total of 63,103 Covid-19 patients during the study period, 3,222 patients, or 5 percent, were young adults admitted to 419 hospitals. Overall, 58 percent of the young adult patients were men, and 57 percent were Black or Hispanic. More than a third were obese, including 25 percent who were morbidly obese (with body mass indexes of 40 or higher), 18 percent had diabetes, and 16 percent had hypertension. [..] Results also showed that the risks of dying or needing mechanical ventilation were more than double in young adult patients who were either morbidly obese or had hypertension.

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He should offer a free jab to Fauci. And Trump.

Putin To Be Among First To Receive ‘Controversial’ Sputnik Vaccine (ZH)

After previously touting that his own daughter was among the first to take the Sputnik V coronavirus vaccine, standing in as a prominent early ‘guinea pig’ of sorts vouching for its safety, Russian President Vladimir Putin has said he plans to receive it soon, according to a story in Newsweek on Monday. Without specifying precisely when he would receive the vaccine, which was met with approval by government regulators in August, Putin reportedly indicated it would come before his next trip to South Korea. “Putin has not yet committed publicly to receiving the vaccine—the development of which has been financed by the state Russian Direct Investment Fund—but told South Korean President Moon Jae-in by phone Monday that he would have the shot before a planned visit to Seoul, Newsweek reports.


Moon personally invited Putin to come to South Korea during a call upon the occasion of the 30th anniversary of establishment of the Russian-South Korean diplomatic relations. According to a summary of the call, Russian media sources indicate that Putin told Moon: “I will come to South Korea… I will personally take the Russian vaccine and go.” Russia’s Sputnik V vaccine was developed by Moscow’s Gamaleya research institute with help from the Russian defense ministry. It was tested at Moscow’s state medical university. Initially met with broad global skepticism, Russia’s health ministry last month announced it expects to begin mass anti-coronavirus vaccinations by October, with the first rounds to be administered to front line medical workers as well as teachers.

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“Then wait to see if he pulls the mask down under his chin as though he was acting the role of Abe Lincoln in a middle school history pageant.”

Seeing Through Pea Soup (Kunstler)

If Joe Biden does show up at Tuesday’s debate, it will be under at least one severe disadvantage: the contest happens at night. Through the preceding weeks, Mr. Biden’s handlers have “put a lid” on his campaign activities at ten o’clock in the morning more days than not, and sometimes at eight-thirty a.m., before the press pool has even digested its oat-milk honey lattes. “A lid” means the candidate makes no appearances nor is available to the media that day. You have to wonder whether Ol’ White Joe can even function after sundown. Senile dementia typically presents more vividly in the evening. The Biden team may seek to counter that with doses of Adderall, an amphetamine.


The side-effects are interesting: “mental / mood changes (such as agitation, aggression, mood swings, abnormal thoughts) uncontrolled movements, continuous chewing / teeth grinding, outbursts of words / sounds, prolonged erections (in males).” Watch for these. Also watch to see whether Mr. Biden steps onstage wearing his trademark black mask. (Mr. Trump, of course, will not mask himself.) The optic will be two-fold: 1) Mr. Biden has something to hide, and 2) Mr. Biden is a weakling for playing up Covid hysteria. Then wait to see if he pulls the mask down under his chin as though he was acting the role of Abe Lincoln in a middle school history pageant. That will be a visual-to-remember! Also, wait for Mr. Biden to deliver a self-knockout punch to himself when he attacks the President’s Supreme Court nominee, Amy Coney Barrett, for being a Catholic.

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Ballot harvesting was never NOT going to be a story. Let’s see where it goes.

Biden’s Texas Political Director Accused of Illegal Ballot Harvesting (NF)

The Joe Biden campaign’s Texas Political Director has been formally accused of helping to run an illegal ballot harvesting operation, according to two separate affidavits filed Monday at the Texas Supreme Court. Two private investigators, including a former FBI agent and former police officer, testify under oath that they have video evidence, documentation and witnesses to prove that Biden’s Texas Political Director Dallas Jones and his cohorts are currently hoarding mail-in and absentee ballots and ordering operatives to fill the ballots out for people illegally, including for dead people, homeless people, and nursing home residents in the 2020 presidential election. The affidavits were filed as part of the class-action lawsuit against Harris County and the state of Texas, filed by citizens, called Steven Hotze, M.D. et al. Journalist Patrick Howley of NATIONAL FILE has exclusively obtained this testimony and much more evidence will be coming out in the case. Dallas Jones was named the Biden campaign’s Texas Political Director in early September.

HERE IS THE AFFIDAVIT OF PRIVATE INVESTIGATOR AND RETIRED HOUSTON POLICE OFFICER MARK A. AGUIRRE, SUBMITTED UNDER OATH.: AFFIDAVIT OF MARK A. AGUIRRE “My name is Mark A. Aguirre. I am above the age of eighteen years and am fully competent to make this affidavit. The facts stated in this affidavit are within my personal knowledge and are true and correct. “I am a retired captain with the Houston Police Department I am now a private investigator. “I am currently involved in an investigation related to a wide-ranging and fraudulent ballot harvesting scheme in Harris County intended to rig the elections in the Houston/Harris County area. This scheme involves voter fraud on a massive scale.

“Based on interviews, review of documents, and other information, I have identified the individuals in charge of the ballot harvesting scheme. These individuals includes political consultant Dallas Jones who was recently hired by the Joe Biden for President campaign to oversee their Harris County initiative. District 13 Texas State Senator Borris Miles, who is the handler of Mr. Jones, political consultant Gerald Womack, and Precinct 1 Harris County Commissioner Rodney Ellis. One of the companies these individuals are using as a front for this operation is AB Canvassing, although there are others that have been identified that we are investigating.”

“I have in my possession video-taped interviews of witnesses attesting to the aforementioned people having groups of people completing thousands of absentee and mail-in ballots, including completing ballots for deceased individuals; illegally going into nursing homes, with the complicity of the nursing home staff, and filling out and forging the signatures of nursing home residents; signing up homeless individuals to vote using the ballot harvester’s address then completing the ballot and forging the homeless individual’s signature.

Tulsi Gabbard Ballot harvesting
https://twitter.com/i/status/1307067070283218952

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There’s also a police investigation into this case. Again, let’s see where that goes.

Alleged Ilhan Omar Cash-For-Ballot Transaction Caught On Tape (ZH)

Update (2338ET): Following an appearance on Fox News’ “Hannity,” James O’Keefe released a second ballot-harvesting video featuring an apparent purchase of a ballot from a Somali resident of Minnesota. The video then features several allegations made by local Somalis regarding the alleged scheme – including Rep. Ilhan Omar’s direct involvement. “She’s [Ilhan Omar] the one who came up with all this [pay-for-vote],” said one source who added. “She’s [Ilhan Omar] the one, somehow. Nobody knew, but, yeah, this is something like new with Ilhan [Omar].” “Jamal Omar said cash for votes is an open secret in Minneapolis. “The techniques that he [Ali Isse] uses to exchange money for vote — that’s not a secret. It’s, it’s open, and everybody knows about it,” he said. “$200, $300 per ballot received!” -Project Veritas


“Nobody would say that Ilhan Omar isn’t part of this,” said Omar Jamal – a Somali community insider and chairman of the Somali Watchdog Group. “Unless you’re from a different planet, but if you live in this universe, I think everybody knows it.” According to Jamal, senior Ilhan Omar staffer Ali Isse Gainey is at the center of the vote-buying scheme. Jamal also said that Ilhan Omar operatives would accompany Somali residents to the voting booth and do the actual voting for the person. “They help us at the voting booth. They allow them to help us,” said one Minneapolis ballot harvester recorded on hidden camera. “They go inside with us and help us, and they actually do that inside there.”

Steve Drazkowski

Hannity Project Veritas

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I don’t have the impression that many people understand the details. And then it’s easy to shout: SCANDAL.

New York Times Trump Tax Story Disappoints (Reilly)

The main story, Long-Concealed Records Show Trump’s Chronic Losses And Years Of Tax Avoidance, is kind of disappointing. In some ways, the headline shows the problem with their perspective. “Long-Concealed”- As a CPA I am fanatical about protecting confidential client information. I have nightmares about inadvertently letting something out. But I don’t think of that as “concealing”. More to the point they are disclosing that it appears that President Trump has flat out been losing a lot of money – hemorrhaging cash-, which we are supposed to be shocked at. And he has not been paying much if anything in the way of taxes which if the previous is true is not that shocking. In a side highlight piece by David Leonhard, there is a sort of odd comparison.

“In 2017, the average federal income rate for the highest-earning .001 percent of tax filers — that is, the most affluent 1/100,000th slice of the population — was 24.1 percent, according to the I.R.S. Over the past two decades, Mr. Trump has paid about $400 million less in combined federal income taxes than a very wealthy person who paid the average for that group each year.” Presumably that .001 % group is not static. I really don’t see the point of the comparison. Maybe there are a few people who were in it every year for decades, but I doubt it is many. On the underpaying tax theme the reporters seem to be on something of an Easter egg hunt trying to find little tidbits that will excite us.

Even while declaring losses, he has managed to enjoy a lavish lifestyle by taking tax deductions on what most people would consider personal expenses, including residences, aircraft and $70,000 in hairstyling for television. Now they tell us that they have obtained “tax-return data extending over more than two decades”. The graphs show 2000 to 2018, which is odd because they say they did not get the 2018 return. Regardless, apparently somebody went to the trouble of digging the hairstyling for television out of that morass and toting it up to be $70,000. Is that a lot? Trump was in The Apprentice for 14 seasons and he is on television in a lot of other contexts. If the hairstyling is just for The Apprentice, that works out to about $400 per episode.

I reached out to my filmmaker friend Jonathan Schwartz of Audacious Media. He told me that if the styling was taking place on the set with union stylists, it is perfectly reasonable. The fundamental problem with the main story is that it is presenting two contradictory narratives. One is of a very successful person who is managing to not pay any income taxes. The other is of someone whose fortune is melting away.

$0 in taxes

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Fire the CEO. Easy.

Airlines Demand New $25B Bailout after Burning $45B on Share Buybacks (WS)

October 1 is the day US airlines that accepted their portion of the $25-billion bailout under the CARES Act can start involuntary layoffs of their employees. They’ve been shedding large numbers of employees since March but through voluntary buyouts, early retirements, and other programs that induced employees to temporarily or permanently leave. Now the airlines are engaged in a desperate lobbying effort to get legislation signed into law that would provide the next $25-billion bailout package. Threats have been flying, so to speak, to motivate Congress to get this done. American Airlines CEO Doug Parker told CBS News on Sunday that if there isn’t a new bailout program, “there are going to be 100,000 aviation professionals who are out of work, who wouldn’t be otherwise.”

This would include the 18,000 employees American Airlines has threatened to lay off. So airlines have been lobbying hard. “You know, we have everyone putting us in every bill they have,” Parker said. “We just need the bills to be laws. We need laws not bills.” American Airlines was also the airline that blew, incinerated, wasted, and trashed more than any other airline on share buybacks. Buybacks ceased in the second quarter, but from 2013 through Q1 2020, American Airlines incinerated $13.1 billion in cash on share buybacks. That cash would now come in very handy. 2013 was also the year Mr. Parker became CEO of American Airlines.

Delta blew, wasted, and incinerated $11.7 billion in cash on share buybacks over the period; Southwest Airlines, $10.9 billion (starting in 2012); and United $8.9 billion. In total, the big four airlines blew, wasted, and incinerated $44.6 billion in cash on share buybacks from 2012 through Q1 2020, and now the airlines want an additional $25 billion bailout, for a total of $50 billion, much of it in forms of grants, from taxpayers (data via YCharts):

In terms of the numbers of passengers entering airports in the US, over six months into the Pandemic, the business is still down nearly 70% from last year, according to TSA airport screenings. The interesting thing is how the recovery is not happening, and how the strong seasonal patterns have disappeared. Normally, the passenger count drops sharply in the weeks before Labor Day from the summer peak in June, July, and early August. But after Labor Day, business travel picks up, and older folks with kids out of school start traveling, and the passenger count rises sharply in September. But none of that is happening this year. The chart below shows TSA checkpoint screenings per day, as a seven-day moving average through September 27, last year (black) versus this year (red):

The airline industry invented a new metric during the Pandemic: “daily cash burn.” The purpose is to give investors a feel for the progress in implementing the airlines’ survival strategies. Every airline now cites this metric. The idea is to make this number as small as possible by cutting capacity, shedding employees, and reducing costs wherever possible. Investors who’ve been coddled over the years through share-buybacks, have helped fund the airlines’ daily cash burn by buying the newly issued bonds and shares. They have done so because they counted on support from taxpayers and the Fed. Investors should continue to step up to the plate and fund that daily cash burn. But taxpayers – they’re already sitting on billions of dollars in tickets they can’t get refunds for though they can use the “credits” or whatever in the future – shouldn’t be shanghaied into funding airlines. That’s Wall Street’s job.

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“The official government slogan was: “Hide your light and bide your time”.

Ai Weiwei: ‘Too Late’ To Curb China’s Global Influence (BBC)

The leading Chinese dissident, the artist and filmmaker Ai Weiwei, says China’s influence has become so great that it can’t now be effectively stopped. “The West should really have worried about China decades ago. Now it’s already a bit too late, because the West has built its strong system in China and to simply cut it off, it will hurt deeply. That’s why China is very arrogant.” Ai Weiwei has never minced his words about China. “It is a police state,” he says. The artist famously designed the Bird’s Nest stadium for the 2008 Beijing Olympics, but ran into serious problems after he spoke out against the Chinese government. Eventually, in 2015, he left China to come to the West. He lived first in Berlin, and last year settled in Cambridge. Mr Ai believes that China today uses its immense economic power to impose its political influence.


It’s certainly true that China has become much more assertive in recent years. Until around a decade ago, China presented a modest face to the world. The official government slogan was: “Hide your light and bide your time”. Ministers insisted that China was still a developing country with a lot to learn from the West. Then Xi Jinping came to power. He became secretary-general of the Chinese Communist Party in 2012, and President the following year. He introduced a new tone. The old modesty faded, and there was a different slogan: “Strive for achievement”. In some ways China is still a developing country, with 250 million people below the poverty line. Yet it is already the world’s second-biggest economy, and is on course to overtake the US over the next decade or so. China’s influence in the world is becoming more and more obvious, at a time when America’s authority has visibly declined.

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Very good and long explanation of what is going on. We’re in the 4th and last week.

The Surreal US Case Against Assange (Mercouris)

Following the Julian Assange case as it has progressed through its various stages, from the original Swedish allegations right up to and including the extradition hearing which is currently underway in the Central Criminal Court in London, has been a troubling and very strange experience. The U.S. government has failed to present a coherent case. Conscious that the British authorities should in theory refuse to extradite Assange if the case against him were shown to be politically motivated and/or related to Assange’s legitimate work as a journalist, the U.S. government has struggled to present a case against Assange which is not too obviously politically motivated or related to Assange’s legitimate work as a journalist. This explains the strange succession of one original and two superseding indictments.

The U.S. government’s first indictment was based on what was a supposedly simple allegation of computer interference, supposedly coordinated in some sort of conspiracy between Assange and Chelsea Manning. This was obviously done in an attempt to dispel the idea that the request for Assange’s extradition was politically motivated or was related to Assange’s legitimate work as a journalist. However lawyers in the United States had no difficulty pointing out the “inchoate facts” of the alleged conspiracy between Assange and Manning, whilst both lawyers and journalists in the United States and elsewhere pointed out that the facts in the indictment in fact bore all the hallmarks of action by a journalist to protect a source.

The result was that the U.S. government replaced its indictment with a first superseding indictment, which this time was founded largely on the 1917 Espionage Act, and was therefore closer to the real reasons why the case against Assange was being brought. However, that made the case look altogether too obviously politically motivated, so it has in turn been replaced by a second superseding indictment, presented to the court and the defence team virtually on the eve of the trial, which has sought to veer back towards strictly criminal allegations, this time of involvement in computer hacking. The allegations in the second superseding indictment have however faced major difficulties, in that they do not seem to concern the United States and may not even be actual crimes.

Also they rely heavily on the evidence of a known fraudster, whose “evidence” is inherently unreliable. The U.S. government has failed to make clear whether the additional allegations in the second superseding indictment are intended to constitute a separate standalone case. Initially they appeared to deny that they did; then they hinted that they might do; now however they seem to be acting as if they don’t. As if that were not confusing enough, the U.S. government and its British lawyers have floated confusing and contradictory theories about whether or not the British authorities can extradite Assange even if the case against him is politically motivated, and even if it is related to his journalistic activities.

Initially they seemed to be arguing that — contrary to all British precedent and the actual text of the extradition treaty between the U.S. and Britain — Britain can in fact extradite Assange to the U.S. on a politically motivated charge, because the enabling Act which the British Parliament passed, which made the extradition treaty between the U.S. and Britain a part of British law, is silent on whether or not individuals can be extradited to the U.S. on a politically motivated charge. This argument of course came close to conceding that the case against Assange is politically motivated after all. This threadbare argument, at least for the moment, seems to have been abandoned. At least nothing has been heard of it throughout the current hearing. Instead the U.S. government and its British lawyers have argued, in the face of the incredulity of a string of expert and factual witnesses, that the case is not politically motivated after all.

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It’s criminal to inflict this on anyone.

Julian Assange Faces ‘Torturous’ Months In Parking Space-Sized Cell In US (PA)

Wikileaks founder Julian Assange could be left “twiddling his thumbs” in a cell the size of a parking space if extradited to the US, a court has heard. The 49-year-old is fighting extradition to the US on charges related to leaks of classified documents allegedly exposing war crimes. Assange’s defence have claimed he is a “high” suicide risk, having already spent 16 months in top security Belmarsh jail in south London. On Monday, the Old Bailey heard from witnesses with experience of the Alexandria Detention Centre in Virginia, Assange’s likely pre-trial destination if he was extradited. The court heard that due to his high profile and his perceived national security risk, he could be placed in an administrative segregation (ad seg) unit.

Prisoner advocate Joel Sickler told the court there was a historical tendency of detainees with “some notoriety” or facing allegations involving national security to be placed in “ad seg”. Assange’s case involved “broad publicity internationally” and the US government allegation that he was a “national security concern, if not outright threat”, the witness said. Sickler added that there were issues over Assange’s safety from the “more sophisticated inmate population” and self harm. On conditions in an “ad seg” unit, he said: “It’s a very small confined space with a steel door and a small window, a little slot where meals are pushed through. “It’s a very small area – like a parking space.” Sickler said there would be limited contact with other inmates, saying the suggestion they could communicate between cells was “ridiculous”.

He said: “You have to scream. There’s a lot of noise and a lot of screaming because from a mental health standpoint, people are angry and confused and there’s a lot of yelling.” On the issue of sensory deprivation, he said: “First of all you have very limited social interaction with any others. “You have little access to the outside world except from a rare few monitored phone calls and meeting with counsel. “You are twiddling your thumbs. You have access to reading material but otherwise your whole world is the four corners of that room.” Defence barrister Edward Fitzgerald QC asked: “If someone wishes to commit suicide in pre-trial detention would it be possible to stop that?” Sickler said: “Based on decades of experience, I have probably had a dozen or so clients commit suicide. I can say if they are intent on committing suicide, it can be done.”

Suzie Dawson

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Well written. But are things as similar as suggested?

I Lived Through Collapse. America Is Already There. (Samarajiva)

l Iived through the end of a civil war — I moved back to Sri Lanka in my twenties, just as the ceasefire fell apart. Do you know what it was like for me? Quite normal. I went to work, I went out, I dated. This is what Americans don’t understand. They’re waiting to get personally punched in the face while ash falls from the sky. That’s not how it happens. This is how it happens. Precisely what you’re feeling now. The numbing litany of bad news. The ever rising outrages. People suffering, dying, and protesting all around you, while you think about dinner. If you’re trying to carry on while people around you die, your society is not collapsing. It’s already fallen down.

I was looking through some old photos for this article and the mix is shocking to me now. Almost offensive. There’s a burnt body in front of my office. Then I’m playing Scrabble with friends. There’s bomb smoke rising in front of the mall. Then I’m at a concert. There’s a long line for gas. Then I’m at a nightclub. This is all within two weeks. Today I’m like, “Did we live like this?” But we did. I mean, I did. Was I a rich Colombo fuckboi while poorer people died, especially minorities? Well, yes. I wrote about it, but who cares. The real question is, who are you? I mean, you’re reading this. You have the leisure to ponder American collapse like it’s even a question. The people really experiencing it already know.

As someone who’s already experienced societal breakdown, here’s the truth: America has already collapsed. What you’re feeling is exactly how it feels. It’s Saturday and you’re thinking about food while the world is on fire. This is normal. This is life during collapse. Collapse does not mean you’re personally dying right now. It means y’all are dying right now. Death is sometimes close, sometimes far away, but always there. I used to judge those herds of gazelle when the lion eats one of them alive and everyone keeps going — but no, humans are just the same. That’s the real meaning of herd immunity. We’re fundamentally immune to giving a shit.

It honestly becomes mundane (for the privileged). As Colombo kids we used to go out, worry about money, fall in love — life went on. We’d pop the trunk for a bomb check. Turn off our lights for the air raids. I’m not saying that we were untouched. My friend’s dad was killed, suddenly, by a landmine. RIP Uncle Nihal. I know people who were beaten, arrested, and went into exile. But that’s not what my photostream looks like. It was mostly food and parties and normal stuff for a dumb twentysomething. If you’re waiting for a moment where you’re like “this is it,” I’m telling you, it never comes. Nobody comes on TV and says “things are officially bad.” There’s no launch party for decay. It’s just a pileup of outrages and atrocities in between friendships and weddings and perhaps an unusual amount of alcohol.

Perhaps you’re waiting for some moment when the adrenaline kicks in and you’re fighting the virus or fascism all the time, but it’s not like that. Life is not a movie, and if it were, you’re certainly not the star. You’re just an extra. If something good or bad happens to you it’ll be random and no one will care. If you’re unlucky you’re a statistic. If you’re lucky, no one notices you at all. Collapse is just a series of ordinary days in between extraordinary bullshit, most of it happening to someone else. That’s all it is.

Read more …

 

 

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Upton Sinclair quote, from his 1927 novel “Oil!”.

 

 

 

 

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Sep 032020
 


Jackson Pollock Shooting Star 1947

 

Supercomputer Analysis Provides New COVID19 Theory (M.)
Trump Leads Biden At The Bookies (ZH)
The Stock Market Thinks Joe Biden Is Going To Beat Donald Trump (CNN)
Hidden Trump Voters Could Have Big November Impact (Hill)
Trump Orders Feds To Begin Process Of Defunding “Lawless” Cities (ZH)
Gov. Cuomo: Trump ‘Better Have An Army’ If He Comes To NYC (NYP)
China To Overtake US As World’s Top Economy In 2032 – State Think Tank (SCMP)
Xi Jinping Is Hoping To Let 1,000 IPOs Bloom In Hong Kong & Shanghai (Whalen)
Lin Wood, Attorney For Kyle Rittenhouse, Locked Out Of Twitter Account (Fox)
Steve Bannon Needs A Defense Not A Conspiracy Theory (Turley)

 

 

 

 

 

 

 

 

Cheap antigen tests

 

 

Bill Barr Mail-in Voting

 

 

A bradykinin storm. And Vitamin D as a potentially useful drug. Better get some now, before it’s too popular.

Supercomputer Analysis Provides New COVID19 Theory (M.)

Earlier this summer, the Summit supercomputer at Oak Ridge National Lab in Tennessee set about crunching data on more than 40,000 genes from 17,000 genetic samples in an effort to better understand Covid-19. Summit is the second-fastest computer in the world, but the process — which involved analyzing 2.5 billion genetic combinations — still took more than a week. When Summit was done, researchers analyzed the results. It was, in the words of Dr. Daniel Jacobson, lead researcher and chief scientist for computational systems biology at Oak Ridge, a “eureka moment.” The computer had revealed a new theory about how Covid-19 impacts the body: the bradykinin hypothesis. The hypothesis provides a model that explains many aspects of Covid-19, including some of its most bizarre symptoms.

It also suggests 10-plus potential treatments, many of which are already FDA approved. Jacobson’s group published their results in a paper in the journal eLife in early July. According to the team’s findings, a Covid-19 infection generally begins when the virus enters the body through ACE2 receptors in the nose, (The receptors, which the virus is known to target, are abundant there.) The virus then proceeds through the body, entering cells in other places where ACE2 is also present: the intestines, kidneys, and heart. This likely accounts for at least some of the disease’s cardiac and GI symptoms. But once Covid-19 has established itself in the body, things start to get really interesting. According to Jacobson’s group, the data Summit analyzed shows that Covid-19 isn’t content to simply infect cells that already express lots of ACE2 receptors.

Instead, it actively hijacks the body’s own systems, tricking it into upregulating ACE2 receptors in places where they’re usually expressed at low or medium levels, including the lungs. In this sense, Covid-19 is like a burglar who slips in your unlocked second-floor window and starts to ransack your house. Once inside, though, they don’t just take your stuff — they also throw open all your doors and windows so their accomplices can rush in and help pillage more efficiently. The renin–angiotensin system (RAS) controls many aspects of the circulatory system, including the body’s levels of a chemical called bradykinin, which normally helps to regulate blood pressure. According to the team’s analysis, when the virus tweaks the RAS, it causes the body’s mechanisms for regulating bradykinin to go haywire.

Bradykinin receptors are resensitized, and the body also stops effectively breaking down bradykinin. (ACE normally degrades bradykinin, but when the virus downregulates it, it can’t do this as effectively.) The end result, the researchers say, is to release a bradykinin storm — a massive, runaway buildup of bradykinin in the body. According to the bradykinin hypothesis, it’s this storm that is ultimately responsible for many of Covid-19’s deadly effects. Jacobson’s team says in their paper that “the pathology of Covid-19 is likely the result of Bradykinin Storms rather than cytokine storms,” which had been previously identified in Covid-19 patients, but that “the two may be intricately linked.” Other papers had previously identified bradykinin storms as a possible cause of Covid-19’s pathologies.

[..] Jacobson’s team also suggests vitamin D as a potentially useful Covid-19 drug. The vitamin is involved in the RAS system and could prove helpful by reducing levels of another compound, known as REN. Again, this could stop potentially deadly bradykinin storms from forming. The researchers note that vitamin D has already been shown to help those with Covid-19. The vitamin is readily available over the counter, and around 20% of the population is deficient.

Read more …

28% of black voters, vs 8% in 2016. That’s enormous.

Trump Leads Biden At The Bookies (ZH)

The trend we have been noting for the last week has accelerated overnight and ‘the streams have crossed’, with the average bookie now seeing it more likely that President Trump wins the 2020 election that Joe Biden. This huge swing comes as Summit News’ Paul Joseph Watson notes that the results of a new national poll reveal that a stunning 28 per cent of black Americans plan on voting for President Donald Trump. The Atlas Intel poll finds that Biden leads Trump nationally by just three points. But the real story lies in the percentage of Hispanic and black voters who told the pollsters that they will vote for Trump. According to the survey, 28 per cent of African-Americans say they plan to vote for Trump, a stunning figure. 29 per cent of black Americans also approve of the job Donald Trump is doing.


This compares to 2016 when Trump attracted 8 per cent of the black vote while Hillary Clinton captured 89 per cent. Joe Biden is down to 66 per cent of the black vote, according to the poll. Amongst Hispanics, Trump is up 13 points on the 2016 (41%), while Biden is down 10 per cent (56%). The reason behind the surge in black support for Trump could be the fact that the Black Lives Matter movement seems to be backfiring after 3 straight months of violent riots and unrest. As we highlighted earlier, a separate poll found that Trump’s support amongst African-Americans has doubled since 2016, although the results of the Atlas Intel poll blows even that figure out of the water. Activist Candace Owens, who has led the ‘Blexit’ campaign to convince black Americans to get off the Democratic reservation, appears to have achieved a stunning success.

Read more …

CNN went to a different casino.

The Stock Market Thinks Joe Biden Is Going To Beat Donald Trump (CNN)

The presidential election is only two months away and the stock market is soaring. In theory, that should bode well for President Trump since a bull market has historically benefited the incumbent. But Trump is trailing Democratic challenger Joe Biden in many head-to-head national polls. Although the market’s sharp rebound since March could be viewed as a sign that investors expect the coronavirus-induced recession to be brief, you need to dig deeper and look at how the recovery is unfolding. It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market — as well as a portfolio of stocks that might benefit from a second Trump term.


According to data from Strategas that was shared with CNN Business, a group of infrastructure, renewable energy, pro-globalization, health care and cannabis stocks are up more than 10% since early June. This so-called Biden or blue list includes companies like Granite Construction (GVA), Tesla (TSLA), First Solar (FSLR), chip giant Broadcom (AVGO) and the iShares MSCI Germany ETF (EWG), which owns several top German stocks. The bet is that these companies might thrive if Biden wins and pushes for the United States to rebuild highways and bridges, wean America off oil and restore fractured trade relations with China, Japan, Europe and other global economic leaders.

Read more …

There might be a few more this time around.

Hidden Trump Voters Could Have Big November Impact (Hill)

Trump supporters are far more likely to hide their preference in polls. This was the finding of recent research that investigated this increasingly prevalent assumption. If true in even small percentages, an imposing Trump surge could be hiding within the electorate. There is growing suspicion that Trump supporters are not divulging their preferences to pollsters. This would hardly be surprising considering the left’s current cancel culture climate. Five years of vituperation has increasingly turned violent. There are daily occurrences for those willing to objectively look at the riots occurring in big cities across America. Even high-profile people are not immune, as Republican Kentucky Sen. Rand Paul’s narrow escape outside the White House following President Trump’s acceptance speech demonstrated.

It is logical that ordinary Americans could feel vulnerable. To test this theory, CloudResearch recently sampled American voters in search of what they term “shy voters.” Their results show that Trump supporters were “significantly more reluctant to share their opinions on phone surveys compared to Biden supporters.” Almost 12 percent of Republicans and nearly 11 percent of Independents, were also almost twice as likely to be reticent than Democrats (about 5 percent). These seemingly small percentages could have major November implications. For illustration of roughly how big, look at 2016 exit polling. In the last presidential election, 36 percent of voters were Democrats, while 33 percent were Republicans and 31 percent were Independents.

Applying CloudResearch’s “shy voter” percentages to each group yields 9 percent of the electorate as not giving their true candidate preferences. However, those roughly one in 11 reticent voters are not, as CloudResearch discovered, evenly distributed between Donald Trump and Joe Biden. Instead, they run about 2-to-1 in Trump’s favor. On the net, they come out to around a 3 percent hidden “Trump bump.” Again, that may appear small, but not in what is an increasingly tight race. According to Real Clear Politics’s average of polling results, Biden’s national lead is now just 6 percent — down from 9 percent on July 1. Currently, Biden’s lead in the all-important top battleground states is far narrower — just about 3 percent, compared to just over 5 percent on Aug. 5.

While we do not know where these reticent supporters were being recorded (for example, listed as supporting a third-party candidate or as unsure of who they support), if they were listed as Biden supporters, their impact as hidden Trump supporters would be twice as large. This is because of the zero-sum nature of each vote going to Trump also would be deducted from Biden. So, the range of Trump’s benefit relative to Biden from hidden supporters could be anywhere from 3 percent to 5 percent. Either way, in a tight race such an impact would be huge. Remember that in 2016, Trump lost the popular vote to Hillary Clinton by 2 percent. However, Trump still won the electoral vote and the presidency. A hidden 3 percent of Trump supporters would erase Clinton’s 2016 margin and Biden’s current lead in Real Clear Politics’s battleground average. A hidden 5 percent of Trump supporters would push Real Clear Politics’s national average into a dead-heat.

Read more …

The reactions should be good.

Trump Orders Feds To Begin Process Of Defunding “Lawless” Cities (ZH)

The feud between Trump and liberal cities which encourage protests which seeking to defund the police escalated sharply on Wednesday, when the President ordered the federal government to begin the process of defunding New York City, Portland, Seattle and Washington, cities where officials allowed “lawless” protests and cut police budgets amid rising violent crime. In a five-page memo sent to federal agencies on Wednesday whose subject is “Reviewing Funding to State and Local Government Recipients of Federal Funds That Are Permitting Anarchy, Violence, and Destruction in American Cities” and signed by Trump, the president orders them to report to the White House Office of Management and Budget on any funding that could be redirected.

New York City, Portland, Seattle and even Washington, DC are among the initial targets of the measure. “My Administration will not allow Federal tax dollars to fund cities that allow themselves to deteriorate into lawless zones,” Trump says in the memo, which mentions New York Mayor Bill de Blasio by name twice. To ensure the federal funding is not wasted or “spent in a manner that directly violates our Government’s promise to protect life, liberty, and property, it is imperative that the Federal Government review the use of Federal funds by jurisdictions that permit anarchy, violence, and destruction in America’s cities.”


In a tweet late on Wednesday, Trump followed up the memo by saying that his administration “will do everything in its power to prevent weak mayors and lawless cities from taking Federal dollars while they let anarchists harm people, burn buildings, and ruin lives and businesses. We’re putting them on notice today.”

Read more …

He tries to imitate Trump. Doesn’t work. He just ends up sounding crazy.

Gov. Cuomo: Trump ‘Better Have An Army’ If He Comes To NYC (NYP)

New York Gov. Andrew Cuomo on Wednesday all but threatened President Trump’s safety if he returns to New York City in a rant responding to an exclusive story by The Post that Trump is looking to pull federal funds from “lawless” cities including New York. Cuomo called an emergency press briefing within a half hour on Wednesday night to tear into Trump for the order, which cites New York’s rising murder rate and defunding of the NYPD. “He better have an army if he thinks he’s gonna walk down the street in New York. New Yorkers don’t want to have anything to do with him,” the Democrat said, all but threatening the commander in chief. But Cuomo, who like Trump hails from Queens, wasn’t done. “He can’t have enough bodyguards to walk through New York City, people don’t want to have anything to do with him.” [..]

On substance, Cuomo said he doubted the legality of Trump’s five-page memo ordering a review of federal funds that can be redirected from New York City, Portland, Seattle and Washington, DC. “It is more of the same from him. It’s political, it is gratuitous. And it’s illegal. But it is another attempt to kill New York City,” Cuomo said. “President Ford said drop dead. President Trump has been actively trying to kill New York City since he’s been elected,” he said. In highly personal and insulting language, Cuomo speculated that Trump wasn’t upset about New York’s soaring murder rate and shootings. “I think it’s because he is from New York City and New York City rejected him, always,” Cuomo said. “He was dismissed as a clown in New York City, those who know him best, like him least.”

[..] The governor also claimed Trump’s “negligence” is the reason New York state suffered the highest COVID-19 death toll. The governor’s critics blame his Health Department’s mandate that forbade nursing homes from turning away COVID-19-positive patients, potentially leading to at least 6,500 deaths. At the end of his call, Cuomo, apparently sensing how his remarks about Trump could be seen as threatening, attempted to walk them back. “My comment about the president and bodyguards in New York City, all I’m saying is that he is persona non grata in New York City. And I think he knows that. And he’ll never come back to New York, because New Yorkers will never forget how gratuitously mean he has been to New Yorkers and how many times he’s tried to kill the city that gave him his start and birthed him. That’s what I meant about the bodyguards.”

Earlier Wednesday, Trump called on CNN to fire Cuomo’s younger brother Chris Cuomo over a leaked tape in which he says he was questioned about sexual misconduct. “Fredo must go!” Trump wrote, using an insulting reference from “The Godfather.”

Read more …

“..there are also views that China may never surpass the US to be No 1, due to the former’s ageing population..”

China To Overtake US As World’s Top Economy In 2032 – State Think Tank (SCMP)

China is expected to surpass the United States to become the world’s largest economy in a little more than a decade, despite escalating hostilities with Washington, a Beijing-based governmental think tank has forecast. The prediction, made by researchers at the Development Research Centre (DRC) of the State Council, the Chinese government’s cabinet, reflects mainstream assumptions in Beijing about the success of the Chinese government’s new development strategy of focusing more on its domestic market, given the intensifying economic, technological and geopolitical rivalry with the United States. The report also underlines a big assumption in China that the country’s economic rise is unstoppable.

Chinese President Xi Jinping reaffirmed on Monday that China must “speed up” the new “dual circulation” strategy he introduced in May, given that the external environment has become volatile and hostile. According to the group of researchers led by Chen Changsheng, who oversees macroeconomic research at the government-run think tank, disputes between China and the US will intensify further in the next five years. “It can’t be ruled out that the US will use all possible methods to contain China’s development, including imposing financial sanctions on Chinese companies by misusing its ‘long arm’ jurisdiction [to impose US law outside America’s borders], seizing China’s holdings of US Treasury securities … coercing other countries to impose technology embargoes on China, as well as excluding China from the [US] dollar payment system,” according to the report.


However, even those factors cannot stop China’s economic rise, the report suggested. The country’s share of the global economy will rise to 18.1 per cent in 2025 from 16.2 per cent in 2019, while the US share will drop to 21.9 per cent from 24.1 per cent in the same period, the researchers predicted. Last month, Justin Lin Yifu, a professor at Peking University and the World Bank’s former chief economist, predicted that China would surpass the US as the world’s largest economy by 2030. However, there are also views that China may never surpass the US to be No 1, due to the former’s ageing population. Yi Fuxian, a senior scientist at the University of Wisconsin-Madison, argued that, from a demographic point of view, China would not be able to surpass the US in the foreseeable future.

Read more …

“..Chinese companies need access to the US markets because they cannot raise significant money on a Hong Kong exchange. Dollar stability is required for their system to work.”

Xi Jinping Is Hoping To Let 1,000 IPOs Bloom In Hong Kong & Shanghai (Whalen)

China under Xi Jinping is becoming the embodiment of George Orwell’s “1984” nightmare fueled by 21st century technological tools. Facial recognition, for example, enabled with a lot of stolen western technology, enables the Chinese state to track the movements of its citizens and include this public surveillance in its overall profile of each citizen. The level of control enjoyed by the CCP is illustrated by the harvesting of human organs from the living bodies of political prisoners. The role of finance in China’s development and the CCP’s adoption of new authoritarian controls is a vital piece of the puzzle. By driving China towards a cashless society, the CCP and state security services can use access to electronic cash and payments as a mechanism for reward or punishment.

When cash is eliminated, the state that controls the means of exchange – call it currency – controls all. As financial reform becomes the next leg of the CCP’s continuing drive to protect its political monopoly in China, the fight with Washington over allowing Chinese firms to list their shares in the US takes on significance. Many Chinese firms refused to follow US requirements regarding audit results, putting them in violation of exchange and SEC rules. But the threats by the US to shut out Chinese firms remain just threats in an election year. “Trump will get louder and louder on China before the election, but all of these things will take years to phase in after the election,” notes veteran China watcher Leland Miller founder of China Beige Book. “But many Chinese companies need access to the US markets because they cannot raise significant money on a Hong Kong exchange. Dollar stability is required for their system to work.”


While US actions to address are correct, attracting more volumes to Chinese exchanges serves the interests of the CCP. Even as the US restricts access to US exchanges, billionaire Jack Ma’s Ant Group is poised to simultaneously list in Hong Kong and Shanghai. Bloomberg News reports Ant is gunning for a valuation of $225 billion, making it the world’s fourth-largest financial company. If you appreciate that the benefits available to CCP members for self-enrichment have been greatly reduced in recent years compared with, say, the first decade of the 2000s, then you understand the problem. Xi Jinping needs to increase the cash flow to communist party cadres in order to maintain control in the 2020s. Reforming the financial system is the perfect canvas for eliminating enemies and generating cash — especially from the important offshore Chinese community.

Read more …

“I’m going to take Jack Dorsey’s ass down”

Lin Wood, Attorney For Kyle Rittenhouse, Locked Out Of Twitter Account (Fox)

The high-profile attorney for Kyle Rittenhouse, the 17-year-old charged with fatally shooting two people in Kenosha, said he was locked out of his Twitter account Tuesday after posting about raising money for Rittenhouse’s legal defense. L. Lin Wood argued the action against his account is the latest example of Twitter censorship of conservative voices and he intends to file a lawsuit against the social media giant and its CEO Jack Dorsey. “I’m going to take Jack Dorsey’s ass down,” Wood told Fox News. “He has been abusing the First Amendment of this country for his own agenda.” Wood was blocked from tweeting for several hours on Tuesday for violating Twitter rules. Wood said he’s been careful to abide by Twitter’s terms of service. But he got a notice that his account was locked for “glorifying violence.”

“I knew they were going to censor me because I’m sending a message of hope,” Wood, who posts regularly to his nearly 138,000 followers, told Fox News. “I’m sending a message of truth. And I’m sending a message that Kyle Rittenhouse is innocent.” Hours after the account had been suspended, Twitter said it made a mistake in a statement to Fox News. “This account was incorrectly actioned,” a Twitter spokesperson said. “This has been reversed and the account has been reinstated.” [..] Wood also represents Nicholas Sandmann, Carter Page, St. Louis couple Mark and Patricia McCloskey, Georgia congressional candidate Marjorie Greene and Dr. Simone Gold. To the outside, Wood’s account looked like it was working normally, with no notifications or warnings on his tweets.

But a screengrab of Wood’s account shared with Fox News shows his account “has been locked for violating the Twitter rules.” Specifically, Wood was dinged for “violating our rules against glorifying violence.” “Everybody thinks I’m still on it unless they know I’ve been blocked,” Wood said. “That’s why we’re getting the word out they censored me for nine hours. I have no idea how to get back on. They didn’t give me any instructions.” On Monday, Wood revealed on Twitter that more than 11,000 donors have raised $605,550 for the legal defense of Rittenhouse, who claims the shootings in Kenosha were self-defense. A Twitter user asked if Wood would be selling or disclosing his donor list to other groups. Lin replied “No” and added “#fightback” in reference to the name of the legal fund foundation. That was his last tweet before getting locked out.

Wood said he’s been accumulating “a mountain of evidence” to support a lawsuit against Twitter for discriminating against users based on political speech. Wood previewed a lawsuit he intends to file on behalf Sandmann that could be a class action suit and pointed to Twitter’s actions against his account as the latest example of suppression of free speech. He’s been vocal on Twitter about his intentions to sue. Sandmann, the Covington Catholic High School graduate, filed suit against mainstream media outlets for their coverage of his encounter with a Native American activist at the Lincoln Memorial, which portrayed the teen as the aggressor. He already settled his multi-million dollar defamation lawsuits with CNN and the Washington Post and now Wood says the next frontier will be Twitter and other websites. “Nicholas Sandmann is going to take down the mainstream media. And then we’re going to take down social media,” Wood said. “Nicolas Sandmann is going to never be forgotten.”

Read more …

Sounds serious enough.

Steve Bannon Needs A Defense Not A Conspiracy Theory (Turley)

“This entire fiasco is to stop people who want to build the wall.” That was the only response noted from former White House strategist Steve Bannon after his indictment for fraud in New York last week. Facing up to 20 years in prison, it was perhaps the most ambitious political spin from a man whose creativity was matched only by his audacity. If Mr. Bannon is hoping to convert his signature deep-state conspiracy into a criminal defense, however, he will face perhaps his most formidable opponent yet: himself. In a recent book, “Deep State: Trump, the FBI and the Rule of Law” by James B. Stewart, Mr. Bannon is quoted as saying “deep state conspiracy theory is for nut cases” and that such claims are out of bounds since “America isn’t Turkey or Egypt.”

He is now suggesting the a similar conspiracy is afoot to derail his work to build the wall. However, Mr. Bannon needs an explanation, not a narrative, to address his alleged conduct in the indictment. The problem with the deep-state conspiracy as a defense is that it only works if prosecutors in the Southern District of New York are pursuing a simple and honest wall builder with bizarre or novel theories of criminality. In fact, the 24-page indictment is as simple as sin itself. It details knowingly false statements to donors coupled with the misuse of contributed funds for personal expenses of the four principle figures behind the “Build The Wall” campaign. Mr. Bannon never does anything small and, when he decided to delve into the funds of this charity, he did it with signature gusto.


The charity raised $25 million and Mr. Bannon is accused of taking $1 million of that money as personal compensation. His co-defendants Brian Kolfage, Andrew Badolato and Timothy Shea are accused of taking their own shares despite assurances to donors that all of the money would go to building the wall along the southern border.

Read more …

 

 

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I must have said it 1000 times. No velocity, no inflation.

Lance Roberts Velocity and Inflation

 

 

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Aug 242020
 


Henri Cartier Bresson Salamanca, Spain 1963

 

Trump Announces Emergency Authorization For Convalescent Plasma (JTN)
97,000 People Got Convalescent Plasma. Who Knows if It Works? (Wired)
China Has Given Potential Coronavirus Vaccine To Key Workers Since July (G.)
Graham: FBI Docs Show ‘Double Standard’ For Clinton And Trump Campaigns (Fox)
This Will Be The Year Of The Biden Republican – Rahm Emanuel (CNBC)
Corporate Dems Want You To Shut Up While They Get Loud (Sirota)
The Silence Of Joe Biden And The Dems On The Violence In The Cities (Kass)
Don’t Discount the Dollar Yet (FP)
China’s Mysterious Dollar Dealings (OMFIF)
Las Vegas Housing Market ‘On Fire’ As Economy Limps Along (LVRJ)
Summer In The Ailing City: The Purpose Is Life (Maglinis)

 

 

Kellyanne Conway leaves 2 months before the election, US cities are still on fire, using convalescent plasma becomes legal, Rahm Emanuel is dug up from whatever hole he was in, and the FBI failed to inform the Trump team about foreign interference in their campaign. In other words, normal weekend. Maybe it was the last one for a while.

 

 

Weekend numbers don’t mean much.

 

 

 

 

 

 

 

 

 

 

Squirrel

 

 

Why make this such a big deal? Can’t the doctors just do it?

Trump Announces Emergency Authorization For Convalescent Plasma (JTN)

President Trump at a Sunday evening press conference announced an emergency authorization of convalescent plasma amid the ongoing battle against the COVID-19 pandemic. “The FDA has issued an emergency use authorization … for a treatment known as convalescent plasma. This is a powerful therapy that transfuses very, very strong antibodies from the blood of recovered patients to help treat patients battling a current infection,” Trump said. “It’s had an incredible rate of success. Today’s action will dramatically expand access to this treatment,” the president said. White House Press Secretary Kayleigh McEnany on Saturday night had tweeted the the president would hold a Sunday event “concerning a major therapeutic breakthrough on the China Virus.”

Read more …

From well before Trump’s announcement.

“The distribution system got approved and built; the trial protocols did not. They never began.”

97,000 People Got Convalescent Plasma. Who Knows if It Works? (Wired)

As of Monday, August 17, a nationwide program to treat Covid-19 patients with a fluid made from the blood of people who’d recovered from the disease—so-called convalescent plasma—had reached 97,319 patients. That’s a huge number of people, considering that nobody really knows whether convalescent plasma actually works against Covid-19. A spontaneously generated, self-assembling group of clinicians and cross-disciplinary researchers that built the nationwide program to ensure “expanded access” to convalescent plasma also created protocols for randomized, controlled trials, the gold standard for evidence in science.

They hoped to test plasma’s ability to prevent disease after exposure, its capacity to treat Covid-19—and what Michael Joyner, an exercise physiologist at the Mayo Clinic who was instrumental in setting up the expanded-access network, called a “Hail Mary” protocol to try to help people who are severely ill, on ventilators. The distribution system got approved and built; the trial protocols did not. They never began. There are plenty of reasons to think plasma might help fight Covid-19. Physicians have used it for more than a century; it’s made by taking blood from people who’ve recovered from a disease and spinning it in a centrifuge down to a frothy, yellow liquid that contains the sum total of the donor’s immune response—molecules that attack all invading germs, and some that specifically target all the individual pathogens the donor has ever encountered.

But actual rigorous trials of the stuff are rare. Dozens of randomized, controlled clinical trials are underway—tests that systematically compare the same kinds of people at similar stages of the disease who get convalescent plasma to those who don’t. Even without that rigor, this year tens of thousands of people received plasma for Covid-19. It played out as a one-on-one decision between physicians and patients, not a population-scale experiment designed to elicit knowledge about its efficacy. A preprint from the expanded-access group, not yet peer-reviewed, recounts the outcomes of more than 35,000 of these recipients at hundreds of hospitals. It retroactively splits that population into groups based on when in their illness they got plasma, or how laden the plasma was with the antibodies that actually do the disease-fighting.

Read more …

Let Big Pharma chime in.

China Has Given Potential Coronavirus Vaccine To Key Workers Since July (G.)

The Chinese government has been administering a coronavirus vaccine candidate to selected groups of key workers since July, a senior health official has said. Zheng Zhongei, the head of the National Health Commission’s science and technology centre, told state media organisation CCTV on Sunday the government had authorised “emergency use” of a Sars-Cov-2 vaccine for workers including health workers and border officials. The country has gone seven days without reporting a locally transmitted case, and border workers are considered to be in a high-risk category, said Zheng, who leads the vaccination development taskforce.

It appears to be the first confirmation of vaccine use by China outside clinical trials. There were no details on which particular vaccine candidate was used or how many people received it, but Zheng said it had been administered in line with the law, under powers that allow limited use of the unapproved vaccines during serious public health events. “We’ve drawn up a series of plan packages, including medical consent forms, side-effect monitoring plans, rescuing plans, compensation plans, to make sure the emergency use is well regulated and monitored,” Zheng said, adding that they planned to “scale up” the testing to other groups before autumn and winter.

[..] In June the Chinese government called for volunteers among employees of state-owned companies who travel overseas frequently, to test two vaccines. State-owned China National Biotec Group (CNBG) has since been approved to start human testing of its vaccine in the United Arab Emirates, Bahrain, Peru, Morocco and Argentina, and the company said about 20,000 people were taking part in the overseas trials. SinoVac and CanSino Biologics are also conducting overseas trials in Russia, Indonesia, and Brazil. Last week a planeload of Chinese mine workers was refused entry to Papua New Guinea, over government concerns about an apparent vaccination trial.

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We know where the FBI stands.

Graham: FBI Docs Show ‘Double Standard’ For Clinton And Trump Campaigns (Fox)

Following the release of recently declassified documents, Senate Judiciary Chairman Lindsey Graham, R-S.C., says he believes the FBI showed a double standard in its investigations into reports of foreign interference at the campaigns of Hillary Clinton and now-President Trump in the lead-up to the 2016 presidential election. Calling it “the ultimate double standard,” Graham said that the documents reveal that leaders at the FBI sought to give the Clinton campaign a defensive briefing before it could pursue a FISA warrant related reports that a Clinton operative was connected to foreign government. “The FBI finds out about a plot by a foreign government to lobby her campaign and funnel millions of dollars into the Clinton campaign illegally,” Graham said on Fox News’ “Sunday Morning Futures.” “

They want a FISA warrant against a Clinton operative who is connected to the foreign government. What happens? The FBI seventh floor says we’re not going to let you get a warrant. And to you defensively, brief the Clinton campaign.” But instead of doing the same for the Trump campaign, the FBI opened the Crossfire Hurricane operation and pursued a number of FISA warrants against people working with Trump’s campaign. While Graham would not reveal which foreign government wanted to assist Clinton in getting elected, he said that FBI leadership shot down a request for a FISA warrant until Clinton was briefed on the matter. “They never did to Trump,” Graham said. “As a matter of fact, not only did they not tell Trump, they used a generic briefing to spy on Trump.”

“The FBI did the right thing by briefing Clinton and failed to do the right thing by never specifically briefing President Trump about their concerns,” Graham said in a statement released earlier on Sunday. Earlier this month, Senate Homeland Security Committee Chairman Ron Johnson, R-Wis., issued a subpoenaed to the FBI and Director Christopher Wray as part of its broad review into the origins of the Russia investigation. The subpoena, obtained by Fox News, demands that he produce “all records related to the Crossfire Hurricane investigation.”

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If Rahm Emanuel speaks for you, you know you’re in trouble.

This Will Be The Year Of The Biden Republican – Rahm Emanuel (CNBC)

Democratic presidential nominee Joe Biden has a chance to replicate an election strategy that helped elect Republican icon Ronald Reagan to the White House almost four decades ago, longtime Democratic politician Rahm Emanuel told CNBC on Friday. Emanuel, appearing on “Closing Bell,” said he believes that the former vice president can win over disaffected Republicans with a platform that has moderate language to get behind. “This will be the year of the Biden Republican,” said Emanuel, citing the appearances of John Kasich, former governor of Ohio, Colin Powell, secretary of State under President George W. Bush, and Cindy McCain, widow of Sen. John McCain, among other GOP members at the Democratic National Convention this week.

“Joe Biden will be a president we will all be proud to salute,” Powell said in his message. “With Joe Biden in the White House, you will never doubt that he will stand with our friends and stand up to our adversaries — never the other way around.” Emanuel likened Republican voters mobilized against President Donald Trump to “Reagan Democrats,” the White, traditional blue-collar voters who crossed party lines to help elect Reagan to two terms as president. Reagan defeated then-Democratic incumbent Jimmy Carter in a landslide. The California Republican carried 44 out of 50 states in the 1980 contest and 49 states in the 1984 race.

Democrats must not only attract Republican voters who want to put Trump out of office at the end of his first term, but retain those voters under the party’s big tent, said Emanuel, who served as White House chief of staff under former President Barack Obama. He made the same case in a Wall Street Journal opinion piece Saturday, saying that suburban voters in areas of Arizona, North Carolina and Pennsylvania, battleground states that Trump won in 2016, can be flipped. The lack of support for a “Green New Deal” and “Medicare for All” in the Democratic platform helps the party balance between the desires of the moderate and more progressive members, Emanuel said on CNBC.

With a broad coalition of support that stretches from four-star generals to Black Lives Matter supporters, Biden can leverage his decades of governing experience in Washington to “culturally move them into a comfort zone,” he said. “My view is you don’t want this to be a transactional election,” the former Chicago mayor said. “You want this to be the opportunity of a transformational election.”

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Maybe Sirota can get a speaking slot at the RNC.

Corporate Dems Want You To Shut Up While They Get Loud (Sirota)

No doubt, you have been told to keep quiet. Just put on your big boy pants, they say, and find the impulse control to at least muzzle yourself for the next 72 days until the election happens. After that, fine — then and only then will you maybe be permitted to speak your mind and politely ask the Democratic Party to match its rhetoric with its policy agenda. But until then, you are told to ‘“shut the hell up and grow up,” as former Obama and Mike Bloomberg pollster Cornell Belcher put it during an emblematic MSNBC segment berating progressives. This kind of hectoring has become a defining part of the Democratic Party’s culture. As the late great journalist Bill Greider lamented:

“The way the Democratic Party is run for quite a number of presidential cycles is they pick a nominee in a kind of half-assed process that doesn’t really represent much of anybody and then they tell everybody to just shut up — don’t bring up anything that will complicate life for your nominee… shut up, turn off your brains.” There’s a superficial logic to this call for omerta — after all, Donald Trump is destroying everything and he must be defeated. But here’s the problem: The demand to shut up is only being aimed at the progressive base of the party, while the corporate wing floods the zone with rhetoric that could demobilize voters.

Indeed, at the very moment many good progressives are blunting their criticism and making clear that defeating Trump is of utmost importance, Corporate Democrats aren’t being asked to wait or hold their tongues. In fact, they are doing the opposite: Rahm Emanuel — who has been advising Biden — just went on television to show that the corporate wing of the party is intent on using the stretch run of the Most Important Election Of Our Lifetime™ not to doggedly focus on actually winning the election, but to instead try to predetermine post-election policy outcomes. Emanuel and his ilk depict themselves as evincing a non-ideological “just win, baby” attitude. But they are most decidedly pushing a very clear corporate ideology — and they are doing so in dangerously divisive ways that could depress the big turnout that’s desperately needed to defeat Trump.

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It was another violent weekend in the cities. How much longer? And how did this ever become normal?

The Silence Of Joe Biden And The Dems On The Violence In The Cities (Kass)

Joe Biden, the smiling figurehead who Democrats have nominated for president, closed his party’s virtual convention with a speech that proved two things about him. The man can still ably deliver a well-written speech. And he still has great message discipline. Because he did what the other Democrats did over their four-day infomercial, make constant references to their own virtue and empathy, while portraying President Donald Trump as evil incarnate, a dark lord without virtue and without an empathetic bone in his body. But through all that talk, Biden and the Democrats avoided saying anything about what many Americans are talking about now: The violence, political and otherwise, plaguing American big cities run by liberal Democratic mayors.

The entire country sees the spiking street crime, the 50% increase in murders in some cities, looting in the downtowns, those news videos of people being pulled out of their cars and beaten, knocked out on the sidewalk, and cops pummeled in violent political confrontations. Biden was silent about all that. I wish he hadn’t been. But he was. In his speech, Biden offered a thorough condemnation of Trump, and this memorable line. “My father taught us that silence was complicity,” Biden said. You’ve probably also heard the slogan “silence equals violence.” But my barber, Raffaele Raia, born in Naples, puts it this way: “Chi tace acconsente. He who is silent says ‘yes’. The silence is the consent.”

Many protests have been peaceful. But many have not been. A cop getting his head thumped by a protester using a skateboard as a club isn’t a victim of a peaceful protest. The protests are no longer about the Minneapolis police killing of George Floyd. They’re also not about virtue or empathy. Yet in the midst of this, Americans are encouraged to apply virtue to politics. But searching for virtue in politicians is childlike, like believing in fairy tales, pixies, or like hoping to find a purple unicorn who’ll be your friend forever. Yet rather than search for virtuous purple unicorns, you might consider the words of Bostonian Henry Adams in “The Education of Henry Adams”: “Chaos was the law of nature; Order was the dream of man. Practical politics consists of ignoring facts. Politics, as a practice, whatever its professions, had always been the systematic organization of hatreds.”

[..] Biden and national Democrats can’t acknowledge any of it. They’re desperate to avoid it. They have nothing to say to it. And the conflict inside their party rages on, out on the streets, where America can see it. Trump will roll down that law-and-order road at the Republican virtual convention. He’s a politician, now, too. That’s what politicians do. Like wolves, they take advantage of weakness. But Trump didn’t pave that road he’s on. Biden and the national Democratic Party paved it for him, with silence that is consent.

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“..any market for Chinese yuan consistent with a role as a global reserve currency would need to exist outside of mainland China.”

Don’t Discount the Dollar Yet (FP)

If some stories are easier to tell than others, the decline of the U.S. dollar as a reserve currency is one of them. It’s not hard to see why. The cast of characters that avail themselves for the script includes international trade, financial architecture, great-power competition, cycles of history, and even parables from ancient Greece.And on cue, the headlines are again churning out new versions of the familiar fable. New plot lines include the economic fallout of a global pandemic as well as a “capital war” between the United States and China, in which Washington usurps Beijing’s traditionally lonely role as the imposer of the restrictions on how capital can move between their two countries, frightening global investors, who then forsake the fallen dollar. Taken at face value, the headlines suggest that the dollar’s long-awaited dethroning may be here at last.

But the economic forces that thwarted any demise of the dollar in the past persist. They continue to render any end to the dollar’s reserve status today unlikely. In fact, there is a new player keeping it on its throne: the Chinese Communist Party. It’s the latest arrival to the motley crew of conspirators serving, unwittingly, to prevent the currency from leaving its seat. The dollar can’t be displaced with nothing, and mainland China’s currency, the yuan, was once the most-viable something. Global banks planned for it to “inevitably” replace the dollar. Economists speculated about the timing. The country’s growing economy, after all, is the world’s second largest. And Beijing is keen to take steps intended to promote its currency’s use in international trade. Officials in the world’s third-largest economy, the European Union, may voice similar intentions.

But Beijing is not dealing in the currency of a monetary union that, according to research at its own central bank, maybe shouldn’t even exist. “Overall economic structures in euro area countries,” economists at the European Central Bank concluded in 2019, “are still not fully commensurate with the requirements of a monetary union.” Nonetheless, Beijing’s recent actions have eviscerated the yuan’s prospects as a real reserve currency. For a currency to function as an international reserve, global businesses need safe places to put it when it’s not in use. After all, no one wants to sell stuff in exchange for money they’d struggle to safely store. Without safe storage options, like easy-to-access banks or at least low-risk bonds, a currency can become a costly thing with which to do business.

The most natural home for these safe assets denominated in mainland China’s currency would be mainland China. But Beijing imposes capital controls on flows of money in and out of the mainland. These capital controls stymie the development of liquid, globally accessible capital markets that can offer safe assets. Hence any market for Chinese yuan consistent with a role as a global reserve currency would need to exist outside of mainland China.

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Not sure what the mystery is. The bottom line, no matter where it turns, is China is stuck until it liberates its currency.

China’s Mysterious Dollar Dealings (OMFIF)

Considering China’s tensions with the US, Chinese authorities’ and banks’ dollar business is somewhat puzzling. China’s US Treasury holdings decreased to $1.07tn at end-2019, from $1.112tn in mid-2019. Chinese-owned banks globally reduced their reliance on dollar funding by $42.5bn. Since then, China’s holdings of US treasuries have risen to $1.084tn as of May, and banks’ dollar funding climbed $40.7bn in this year’s first quarter. This represents a swing of $80bn, around 8% of Chinese banks’ total cross-border funding. This is particularly surprising as global liquidity, and especially dollar liquidity, started drying up in March in view of the virus-induced global downturn. By the end of Q1, Chinese banks had extended $1.4tn in cross-border loans, two-thirds of total their overseas assets.

Dollar funding amounted to $1tn, half of total liabilities. This represents a funding gap of $400bn. While this might lead to a liquidity crunch, similar to European and Japanese banks, it was deemed manageable thanks to ample official dollar reserves. These could be made available to Chinese banks. Chinese banks’ cross-border dollar business is minor compared to their $40tn in total assets. Hence, the impact on the Chinese economy would be smaller than in the home countries of other global banks, according to the IMF. Deposits are the steadiest source of dollar funding, but are not readily available to Chinese banks. The central banks of China, Russia and Turkey are not covered by the Federal Reserve’s swap facilities. Foreign banks’ US subsidiaries can access the Fed Funds market, but Chinese banks do not appear to have tapped into it.

Their main source of dollar funding is offshore financing, as confirmed by the Bank for International Settlements. Financing is available through a number of channels, mostly interbank borrowing, as well as securitised debt. There are two enigmas regarding China’s dollar business. The first is Chinese banks’ continued purchases of US treasuries and dollar lending and funding. The second is why these banks are seeking to become a major intermediary for dollar financing to emerging market economies through the Belt and Road initiative, to the tune of $600bn by end-2019. At the same time, they have funded themselves in dollars, mostly in offshore centres. The BRI was expected to facilitate renminbi financing, boosting renminbi internationalisation.

Financing for the BRI is granted mainly through domestic lending to Chinese companies involved in BRI projects. Major Chinese banks’ head offices, as well as their Hong Kong branches, offer direct cross-border financing to recipient countries. According to their annual reports, the four main banks (including two policy banks) have extended $150bn each in loans. This lending has not been securitised and stays on the bank’s balance sheet, contrary to the global trend. This prevents foreign investors from buying into BRI projects, even though they were expected to contribute more funding in the initiative’s second phase. What remains are emerging economy dollar-denominated liabilities to Chinese lenders, which will come under scrutiny if countries seek IMF support. Chinese bankers say their emerging economy clients prefer dollar loans. If they provided loans in renminbi, recipients would change them into dollars to enhance fungibility.

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Reads like an advertorial.

Las Vegas Housing Market ‘On Fire’ As Economy Limps Along (LVRJ)

With a baby on the way, a strong credit score and money saved up, Veronica Markowsky figured it was time to buy a house. So the 35-year-old renter recently joined a herd of homebuyers in Southern Nevada and signed papers for a soon-to-be-built house — all while the coronavirus pandemic wreaks havoc on the economy and her Las Vegas bridal shop business. It’s probably not the best time to buy a place, Markowsky said, but she had her reasons. “What’s the worst that can happen?” she said. Las Vegas’ tourism-dependent economy has been devastated by the coronavirus outbreak. But the valley’s housing market, which initially was hit hard by the fallout from the crisis, has been accelerating lately with fast-rising sales and record prices.

The fervor has provided a surprising jolt of commerce in a bleak time. “I didn’t expect any of this kind of activity,” said Tom Blanchard, president of trade association Las Vegas Realtors. By all accounts, record-low mortgage rates — cheap money, essentially — are providing much of the fuel, as they let buyers lock in lower monthly payments. Amid the surge of demand, prices have climbed as the market’s low inventory of available homes further tightens. Southern Nevada has seen record job losses during the pandemic, with much of the pain falling on the service sector, where wages tend to be lower. Who is buying homes amid the turmoil? People who still have jobs, savings and other factors that let them qualify for a mortgage or buy with cash.

All told, the market has gained speed as buyers snap up homes from builders and on the resale market, with sellers fetching multiple bids. “It’s craziness,” Blanchard said. Las Vegas attorney Adam Breeden, who closed his purchase of a newly built house near the M Resort last month, listed his old house in May. He received three offers within three days, he recalled, including one at the full asking price. “I was shocked the market was the exact opposite I thought it would be,” he said.

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Lovely dispatch from Athens.

Summer In The Ailing City: The Purpose Is Life (Maglinis)

The feeling when you look out of the hospital window is that life is out there and it is passing you by indifferently, cold toward your small, insignificant drama. It is as if you have been immobilized in a static parallel universe. At the same time, this gradation of life (people out there, sunbathing on beaches and diving in cool seas and, on the other hand, those of us faced with the unpleasant condition of serious hospitalization – much more so when the person being treated is your child) in turn has its own, internal gradations: We do not all have the same fate, the same experience in the hospital. Some children will never be out of the hospital again.

Normally we should be thankful that, even though they are suffering, our child’s treatments are going well. And indeed you thank God and are thankful for your fate, but the cursed time in the hospital runs torturously slowly. So you look out there, you count the hours spent in the hospital, you count them like drops falling from the intravenous drip, you look at the sun-soaked courtyard of the clinic, the few people walking around, and you realize that even the lucky ones “out there” feel more vulnerable than ever.

But this may be the constant of the summer of 2020: In mid-August, the holiday season in Athens does not have the unguarded carelessness of other summers. Even in times of deep economic crisis, summer, August, was a refuge. Temporary maybe, but it still had something healing about it. This year, the pandemic – with the invisible, tiny enemy that knows no frontline or rear guard, that knows how to bypass obstacles and find forgotten half-open “back doors,” in the summer on the islands, on the crowded shores, even in the deserted city – looks like a well-orchestrated ambush.

But even in the age of imposed social abstinence and distance, “no man is an island,” as the English poet John Donne once wrote. “No man is an island entire of itself; every man is a piece of the continent, a part of the main.” Maybe because it binds us all to the simple truth that no one wants to be sick, no one wants to feel sick, no one wants to accept that they are powerless before nature, which is blind when it comes to your decay, entropy, extinction. No one wants to feel that, deep down, it is another insignificant part of the “whole process” of death and rebirth in nature. Who wants to feel like they are just a cog in a process of wear and tear and not a player in a longevity process?

Normally, every summer, we should all have the right to feel a little like kids again. This year we have no right to such a blessed parenthesis. Some for special reasons and all for the known ones. Another summer will come that will be healing and when we can feel like children again. Our only mission is to endure until another such summer, that will have a few moments of heavenly simplicity. The mask – or even the hospitalization – is just the pretext. The purpose is life .

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I’m not entirely sure what this means, but it looks nice.

 

 

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 July 31, 2020  Posted by at 10:08 am Finance Tagged with: , , , , , , , , , , ,  19 Responses »


Elliot Erwitt California 1955

 

Young Children Carry Much Higher Viral Load Than Other Age Groups (SD)
Tokyo Could Declare Emergency If Situation Worsens (R.)
China Reports 127 New Coronavirus Cases, Highest Since March 5 (R.)
Netherlands Refuses To Mandate Mask Wearing In Public (ZH)
Australia To Make Facebook, Google Pay For News In World First (R.)
The Grifters, Chapter 1 – Kodak (Ben Hunt)
Trader Joe’s Won’t Change Packaging On International Food Brands (JTN)
Michael Flynn Case To Be Reheard By Full US Appeals Court (R.)
Kamala Harris’s Record On Antitrust & White-Collar Crime (TMI)
What Does Susan Rice Bring to a Biden Ticket? (Lee Smith)

 

 

New global daily cases record, and global deaths are creeping up again. As are deaths in the US and many European countries, Hong Kong, China, Japan. This ain’t over.

 

 

 

 

 

 

 

 

 

 

 

 

Varon

 

 

A new surprise every day.

Young Children Carry Much Higher Viral Load Than Other Age Groups (SD)

A study from Ann & Robert H. Lurie Children’s Hospital of Chicago discovered that children younger than 5 years with mild to moderate COVID-19 have much higher levels of genetic material for the virus in the nose compared to older children and adults. Findings, published in JAMA Pediatrics, point to the possibility that the youngest children transmit the virus as much as other age groups. The ability of younger children to spread COVID-19 may have been under-recognized given the rapid and sustained closure of schools and daycare during the pandemic.

“We found that children under 5 with COVID-19 have a higher viral load than older children and adults, which may suggest greater transmission, as we see with respiratory syncytial virus, also known as RSV,” says lead author Taylor Heald-Sargent, MD, PhD, pediatric infectious diseases specialist at Lurie Children’s and Assistant Professor of Pediatrics at Northwestern University Feinberg School of Medicine. “This has important public health implications, especially during discussions on the safety of reopening schools and daycare.”


Dr. Heald-Sargent and colleagues analyzed 145 cases of mild to moderate COVID-19 illness within the first week of symptom onset. They compared the viral load in three age groups — children younger than 5 years, children 5-17 years and adults 18-65 years. “Our study was not designed to prove that younger children spread COVID-19 as much as adults, but it is a possibility,” says Dr. Heald-Sargent. “We need to take that into account in efforts to reduce transmission as we continue to learn more about this virus.”

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Japan has been doing quite well so far. Opening up may not be a good idea.

Tokyo Could Declare Emergency If Situation Worsens (R.)

Tokyo Governor Yuriko Koike warned on Friday that the Japanese capital could declare a state of emergency if the coronavirus situation deteriorated further, after new cases jumped by a record single-day high of 463. “If the situation worsens, Tokyo would have to think about issuing its own state of emergency,” Koike said, imploring residents to follow health guidelines to avoid that happening.

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Xi is nervous.

China Reports 127 New Coronavirus Cases, Highest Since March 5 (R.)

China reported 127 new coronavirus cases on the mainland on July 30, up from 105 the previous day, the country’s health authority said on Friday, the highest daily number since March 5. Of the total, 112 were in the far northwestern region of Xinjiang, up from 96 a day earlier. Another 11 were in Liaoning province in the northeast, up from five the previous day. There were four new imported coronavirus cases on July 30, compared to three a day earlier, while the number of new asymptomatic coronavirus carriers stood at 11, down from 21 on the previous day. China has reported a total of 84,292 coronavirus cases by the end of July 30.

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First, they had no masks or tests, so they told the people these were not needed. Then when all neighbors went in lockdown, they had their “intelligent” lockdown. Now they say no masks, but they will “experiment” with mask requirement in busy places. Confuse people enough and they will turn their backs on you. And all this nonsense about wearing masks outside makes people do worse than turn their backs.

Meanwhile cases there are rising again. So much for the flat curve.

This “mask refusal” was based largely on a report from a Norwegian scientist, who as soon as he saw he was quoted, said: my report says no such thing! But it doesn’t really matter: as soon as masks became a political issue, they were lost.

Something I hadn’t seen before: “Mask-wearing may also prompt people to touch their face more frequently”. Haha, No, masks were supposed to PREVENT people from touching their faces, remember?

Netherlands Refuses To Mandate Mask Wearing In Public (ZH)

American public health experts, led by Dr. Anthony Fauci, have struggled over the past couple of months to push a specific narrative on the public: Wearing a mask doesn’t so much protect you from being infected with SARS-CoV-2, but if you are infected, wearing a mask could stop you from passing the virus to someone else. The mainstream media has backed up these assertions with vague references to “science” and “research”, while a coalition of celebrities and progressive activists have tried to tar anybody who doubts this narrative – or, worse, refuses to wear a mask at all times outside their home – as a “denier”. Well, if everybody who is skeptical of the “masks save lives, period” is a “denier”, then how does one explain the Dutch government’s decision to refuse to mandate mask wearing (the only place where masks must be worn in the Netherlands is on public transit).

On Thursday, Reuters reported that the Dutch government had decided the day before that it would not advise the public to wear masks to slow the spread of coronavirus because their effectiveness has not yet been proven. The decision was announced by the Netherlands Minister for Medical Care Tamara van Ark following a review by the country’s National Institute for Health. Following a resurgence in cases over the past week or so, the Dutch government has decided it will instead seek better adherence to social distancing rules. “Because from a medical perspective there is no proven effectiveness of masks, the Cabinet has decided that there will be no national obligation for wearing non-medical masks” Van Ark said.


[..] The Dutch government insists that it’s strictly following the advice of the experts in the so-called Outbreak Management Team, which doesn’t believe in the general use of masks. Dutch virologist Jaap van Dissel from the National Institute for Public Health and the Environment said Wednesday that masks can lead to a “false sense of security”. When wearing masks, people might not follow other social distancing rules like keeping their distance which also help prevent spread. Mask-wearing may also prompt people to touch their face more frequently, putting them at risk of accidentally infecting themselves while adjusting their masks.

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What good is it if they’re the only one?

Australia To Make Facebook, Google Pay For News In World First (R.)

Australia will force U.S. tech giants Facebook and Alphabet Inc’s Google to pay Australian media outlets for news content in a landmark move to protect independent journalism that will be watched around the world. Australia will become the first country to require Facebook and Google to pay for news content provided by media companies under a royalty-style system that will become law this year, Treasurer Josh Frydenberg said. “It’s about a fair go for Australian news media businesses. It’s about ensuring that we have increased competition, increased consumer protection, and a sustainable media landscape,” Frydenberg told reporters in Melbourne. “Nothing less than the future of the Australian media landscape is at stake.”


The move comes as the tech giants fend off calls around the world for greater regulation, and a day after Google and Facebook took a battering for alleged abuse of market power from U.S. lawmakers in a congressional hearing. Following an inquiry into the state of the media market and the power of the U.S. platforms, the Australian government late last year told Facebook and Google to negotiate a voluntary deal with media companies to use their content. Those talks went nowhere and Canberra now says if an agreement cannot reached through arbitration within 45 days the Australian Communications and Media Authority would set legally binding terms on behalf of the government. Google said the regulation ignores “billions of clicks” that it sends to Australian news publishers each year.

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What an insane story this is.

The Grifters, Chapter 1 – Kodak (Ben Hunt)

On Tuesday afternoon, the White House announced that Kodak – a public company with less than $100 million in market cap, basically a pension fund with a famous brand name attached – would receive $765 million in “loans” from the US government to create a “pharmaceutical start-up” that over a period of 8 YEARS will start making pharmaceutical “supplies”. Whatever the hell that means. This $765 million in non-recourse, non-secured loans for pharmaceutical supply production, given to this micro-cap company with zero experience or expertise in pharmaceutical supply production, comes from the International Development Finance Corporation (DFC), a $60 billion piggy bank established by the Trump administration in 2019 to replace the Overseas Private Investment Corporation (OPIC).

Yes, “international development” and “overseas investment”. The DFC is an institution that, per its mission statement and Congressional charter via the 2018 Better Utilization of Investments Leading to Development (BUILD) Act, is “focused on promoting inclusive economic growth in the world’s least developed countries.” I mean … I knew things were bad in Rochester, but I didn’t know they were that bad. To dust off an old Epsilon Theory catchphrase: They’re. Not. Even. Pretending. Anymore. Who is “they”? On the corporate-grift side, it’s Kodak Chairman and CEO Jim Continenza, who picked up about 3 million shares and cheap options over the past year. It’s Kodak board member George Karfunkel, of the private equity and banking Zyskind-Karfunkel family, with his 6.4 million shares. It’s Kodak board member Philippe Katz, who owns about 4.3 million shares through at least five shell companies.


Based on yesterday’s closing price of $33.20 for the stock, I figure Jim and George and Philippe have made about $400 million over the past 48 hours. The numbers looked even better when Kodak hit $53 earlier earlier in the day, but easy come, easy go.

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Goya, Red Bull, Trader Joe’s.

Trader Joe’s Won’t Change Packaging On International Food Brands (JTN)

The popular U.S. grocery chain Trader Joe’s says it won’t retire the packaging name on some of its international products – including one called Trader José’s – amid a petition to change the names because of their “racist” connotation. “A few weeks ago, an online petition was launched calling on us to “remove racist packaging from [our] products,” Trader Joe’s said Friday on its website. “Following were inaccurate reports that the petition prompted us to take action. We want to be clear: we disagree that any of these labels are racist. We do not make decisions based on petitions. “We make decisions based on what customers purchase, as well as the feedback we receive from our customers and Crew Members. If we feel there is a need for change, we do not hesitate to take action.”


Trader Joe had suggested earlier this month that it might change the name on some packaging, but apparently held firm amid the poll and a resurgence of so-called “cancel culture,” in which people and entities are being forced to apologize or amend statements or actions deemed racially or culturally insensitive. The Change.org petition was reportedly started by California high school senior Briones Bedell and as of Thursday had roughly 5,000 signatures. Among the other Trader Joe’s packaging names cited on the petition site are Trader Giotto’s and Trader Ming’s.

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“Never before has appeals court granted en banc hearing to a judge when neither party wanted it.”

Michael Flynn Case To Be Reheard By Full US Appeals Court (R.)

A U.S. appeals court on Thursday agreed to rehear arguments over whether the judge assigned to the criminal case against Michael Flynn, President Donald Trump’s former national security adviser, must grant a request to dismiss it. The U.S. Court of Appeals for the District of Columbia Circuit said it would hold an oral argument in the politically charged criminal case on Aug. 11. In a 2-1 decision on June 24, a three-judge panel of the same court ruled in favor of Flynn and the Trump administration and said U.S. District Judge Emmet Sullivan in Washington had to grant the Justice Department’s motion to clear Flynn. Sullivan asked the full court to reconsider the three-judge panel’s ruling, saying the Justice Department’s dropping of the Flynn case was unprecedented and had to be carefully scrutinized.


Flynn, a retired Army lieutenant general, was one of several former Trump aides charged under former Special Counsel Robert Mueller’s investigation that detailed Moscow’s interference in the 2016 U.S. presidential election. Flynn twice pleaded guilty to lying to the FBI about his conversations with Russia’s then-ambassador, Sergey Kislyak. Flynn then switched lawyers to pursue a new scorched-earth tactic that accused the FBI of setting him up, and asked the judge to dismiss the charge. After the Justice Department took the highly unusual step of seeking to abandon the case against Flynn, Sullivan appointed a retired judge to argue against the Justice Department’s request. Sullivan, represented by his own lawyers, has said he cannot serve as a “rubber stamp” and must carefully review the facts before deciding on the request for dismissal. The D.C. Circuit panel disagreed in June, saying Sullivan was intruding on the Justice Department’s authority to decide which cases it pursues.

Read more …

Kamala Harris was about the least popular candidate in the Primaries, and one of the first to drop out. She won’t bring in any votes, she’ll take them away.

Kamala Harris’s Record On Antitrust & White-Collar Crime (TMI)

This week, a House subcommittee held a high-profile hearing interrogating the CEOs of Amazon, Apple, Facebook and Google about their growing market power. But as more congressional Democrats scrutinize corporate America’s monopolistic business practices, their party may end up giving the vice-presidential nomination to a lawmaker who previously expressed misgivings about antitrust enforcement when it comes to Silicon Valley. California Sen. Kamala Harris’ meteoric rise from San Francisco District Attorney to Democratic presidential contender occurred in the span of just over a decade and today, insiders believe she tops Joe Biden’s shortlist for VP.

During the 2020 election, Harris’s record on criminal justice proved too steep a hurdle during her party’s presidential primary just a few short months ago. She was dogged by criticism that as California Attorney General, she had been soft on white-collar crime like mortgage fraud while pursuing low-level offenses like truancy with zeal. Questions also arose about her refusal to act on her staff’s memo that identified what it called “widespread misconduct” at a financial firm run by Steve Mnuchin, who donated to her Senate campaign.

[..] HuffPost procured 1,400 pages of emails which revealed how Harris’ relationships with tech giants had been mutually beneficial. For example, she’d participated in a promotional for Facebook Chief Operating Officer Sheryl Sandberg’s 2013 book about women in power, “Lean In,” which increased her national profile. Sandberg would also become a donor to her 2016 Senate campaign. All told, that year, Harris raked in $214,000 in contributions from the industry. During her 2020 presidential run, Harris was a favorite of big tech, taking large sums from lobbyists for companies like Uber and Facebook. Donors from Apple, Amazon and Google’s parent company Alphabet were collectively among her top contributors.

Harris’ position on the size of tech giants did not substantially change during the campaign. When she was asked by the New York Times in January 2019 if companies like Facebook, Amazon and Google should be broken up, Harris responded: “I believe that the tech companies have got to be regulated in a way that we can ensure and the American consumer can be certain that their privacy is not being compromised.” Pressed by the interviewer to respond directly about the size of the companies, Harris continued to sidestep. “My first priority is going to be that we ensure that privacy is something that is intact and that consumers have the power to make decisions about what happens with their personal information and that it is not being made for them,” she said.

Read more …

And who likes Susan Rice? Anybody at all?

“Nominating Rice as Biden’s VP would virtually ensure her immunity, protecting her from investigation or prosecution during the campaign. [..] Crucially, it would also cut off the investigation at the rung below her, thereby insulating Obama and Biden.

What Does Susan Rice Bring to a Biden Ticket? (Lee Smith)

But there is another possible explanation that is worth considering, since it’s at least legally true: Putting Susan Rice on the ticket would protect both Biden and Obama (as well as Rice herself) from the ongoing investigation into the origins of Crossfire Hurricane, the discredited FBI probe of Trump’s ties to Russia. As official reports hinting at the role Obama and Biden may have played in targeting Trump officials were declassified in the spring, Attorney General William Barr said in May that neither were in the sights of John Durham, the U.S. attorney in charge of the investigation. “I don’t expect Mr. Durham’s work will lead to a criminal investigation of either man,” Barr said. “Our concern over potential criminality is focused on others.”

Since Barr’s May statement, it has come to light that Obama and Biden were more directly involved in the targeting of incoming Trump officials than was previously publicly known. In late June, FBI notes of January 2017 Oval Office meetings were declassified, showing that both men were not only keeping close watch on the FBI’s investigation of Trump’s first national security adviser, Michael Flynn, but were advising it. A New York Times article from earlier this week promoting Rice’s audition obscured the evidence declassified in the last several months. It noted that Trump has accused Rice “of having participated in an Obama administration plot against” Flynn, and added that “no such effort has been documented.” Rice herself personally documented a meeting in which she, Obama, and Biden decided Flynn’s fate.

Presumably, Barr does not want America to take a step closer to resembling a third-world regime on his watch. And so, in order to avoid the appearance of a politicized investigation of senior Democrats in retaliation for what was in fact a politicized investigation of a Republican administration, neither Obama nor Biden are being investigated. But that does not mean that they are shielded if someone wants to save themselves by pointing further up the chain of command. And Rice left a paper trail that implicates herself, Obama, and Biden.

Nominating Rice as Biden’s VP would virtually ensure her immunity, protecting her from investigation or prosecution during the campaign. In February, Barr issued a memo stating that no investigation of a presidential or vice presidential candidate can be undertaken without his written approval. Because it is nearly inconceivable that Barr would expose himself to this type of scrutiny or risk compromising the election, Rice would be safe. Crucially, it would also cut off the investigation at the rung below her, thereby insulating Obama and Biden.

Read more …

 

 

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Jul 282020
 
 July 28, 2020  Posted by at 10:17 am Finance Tagged with: , , , , , , , , ,  9 Responses »


Dorothea Lange Migrant cotton picker’s children, live in government tent, Shafter Camp, CA 1938

 

Barr To Come Out Swinging In House Testimony (Solomon)
How Did Russia Get A Possible COVID19 Vaccine So Fast? (RT)
China Reports 68 New Coronavirus Cases, Including Two In Beijing (R.)
Mike Rowe Explains That Reality Is Going To Win With The Wuhan Virus (AT)
How The Eviction Crisis Across The US Will Look (CNBC)
The Insane Leading the Blind (Kunstler)
Assange Defence Team Concerned US is Seeking ‘Improper’ Delay of Case (Sp.)
Oil Giants Help Fund Powerful Police Groups In Top US Cities (G.)
Post-Brexit Agrochemical Apocalypse for the UK? (OffG)
CNN’s Stelter Breaches Confidentiality Agreement With Sandmann (Fox)
Emus Banned From Pub In Outback Australia Town (G.)
Facebook Vows To Break Up US Government Before It Becomes Too Powerful (Onion)

 

 

“Low” new cases for the world and US. US deaths also lower. We can hope and pray.

Biggest show in town is Bill Barr being grilled in the House. All conclusions have already been drawn in advance.

 

 

 

 

 

 

 

 

 

 

 

 

The biggest show in town today.

Barr To Come Out Swinging In House Testimony (Solomon)

Attorney General Bill Barr is planning a full-throated defense of his work inside the Justice Department and that of police nationwide when appearing before hostile House Democrats on Wednesday, condemning both the “bogus Russiagate scandal” and the senseless violence rocking U.S. cities. In prepared testimony released Tuesday evening on the eve of his House Judiciary Committee testimony, Barr declared that liberal activists’ “demonization of police is not only unfair and inconsistent with the principle that all people should be treated as individuals, but gravely injurious to our inner city communities.” “When a community turns on and pillories its own police, officers naturally become more risk averse and crime rates soar,” his prepared testimony states.

“Unfortunately, we are seeing that now in many of our major cities. This is a critical problem that exists apart from disagreements on other issues. The threat to black lives posed by crime on the streets is massively greater than any threat posed by police misconduct. The attorney general also lambastes liberal mayors for allowing serial violence to persist in their cities since George Floyd’s killing in Minneapolis and supporting efforts to undercut police department authorities and funding. “Unfortunately, some have chosen to respond to George Floyd’s death in a far less productive way — by demonizing the police, promoting slogans like ACAB (All Cops Are Bastards), and making grossly irresponsible proposals to defund the police,” he plans to tell lawmakers.

Later he adds, “To tacitly condone destruction and anarchy is to abandon the basic rule-of-law principles that should unite us even in a politically divisive time.” Barr also directly challenges Democrats’ claims he has been a lapdog for Trump, declaring the president has not interfered in his decisions. “My decisions on criminal matters before the Department have been my own, and they have been made because I believed they were right under the law and principles of justice,” he said. Barr suggested Democrats’ criticisms may be aimed at undercutting his efforts to investigate abuses in the now-discredited FBI investigation of Trump-Russia collusion.

“Ever since I made it clear that I was going to do everything I could to get to the bottom of the grave abuses involved in the bogus ‘Russiagate’ scandal, many of the Democrats on this Committee have attempted to discredit me by conjuring up a narrative that I am simply the President’s factotum who disposes of criminal cases according to his instructions,” Barr is set to testify. “Judging from the letter inviting me to this hearing, that appears to be your agenda today.”

Read more …

No way Big Pharma will tolerate such a thing.

How Did Russia Get A Possible COVID19 Vaccine So Fast? (RT)

This month, Moscow’s famed Sechenov University announced that the first phase of clinical trials for a vaccine had been a success. Some 38 volunteers who took part in human trials have been released with little or no side effects recorded. Researchers will now push forward, testing the vaccine’s efficiency, and prepping it for registration with the Health Ministry. Other prototypes are to follow, with some about to finish phase-one trials – which usually demonstrates the new vaccine’s safety for use in humans. It’s fairly easy to grasp why Russia is so keen to get a Covid-19 vaccine. Having reported more than 811,000 cases and 13,249 fatalities, it is among the five countries worst affected by the epidemic.

But how did it make a vaccine so fast, given that the coronavirus – or its deadly, crown-shaped SARS-CoV-2 strain – wasn’t known to scientists before 2020? Russia has over 20 years of experience in developing technology for producing vaccines. This helped to create the unique Covid-19 vaccine in a very short period of time by normal drug-development standards, Vadim Tarasov, head of Sechenov University’s Institute for Translational Medicine and Biotechnology, told RT Arabic in a comprehensive interview. “Nothing can be done from scratch,” he explained. Virologists at the Sechenov Institute and the Gamalei Institute of Epidemiology and Microbiology – another coronavirus research hub in Moscow – benefited from that “huge backlog” to decode the genome and structure of Covid-19 and quickly create a vaccine prototype.

The technology behind the Russian vaccine in question is based upon adenovirus, the common cold. Created artificially, the vaccine proteins replicate those of Covid-19 and trigger “an immune response similar to that caused by the coronavirus itself,” Tarasov revealed. In other words, getting immunized is slightly similar to having survived the coronavirus, but without its life-threatening risks. The vaccine, of course, won’t be a magical wand preventing everyone from getting sick. It may not stop the entire spread of coronavirus, but will make the symptoms much milder.

Read more …

Hong Kong over 100 several days in a row.

China Reports 68 New Coronavirus Cases, Including Two In Beijing (R.)

China reported 68 new coronavirus cases for July 27, up for the fourth consecutive day, including two in Beijing, the country’s health authority said on Tuesday. China is battling the most aggressive return of COVID-19 in months, driven by infections in the far western region of Xinjiang and a separate flare-up in the northeast. Of the new local infections for July 27, 57 were in Xinjiang, according to a statement by the National Health Commission. That brings the total number of cases in the region’s current outbreak to 235 since the first infection was reported on July 16. Xinjiang has yet to explain how patient zero, a 24-year-old woman who worked in a mall in its capital Urumqi, contracted the virus.


The northeastern province of Liaoning reported six new cases as of July 27. The current outbreak in Liaoning, which began on July 22, centred mostly on the port city of Dalian, east of Beijing. The first case in Dalian worked at a seafood processing company, and had not travelled out of the city in recent weeks. To contain the spread of the virus, Xinjiang and Dalian have tested millions of people for COVID-19, but the coronavirus is already on the move.

Read more …

Apparently many people experience panic and fear, induced by a faulty choice of media. I have no such thing. Maybe I should too. Rowe is mostly right. Get tested often, wear a mask where needed, and live your life. Rocket science it ain’t.

Mike Rowe Explains That Reality Is Going To Win With The Wuhan Virus (AT)

[..] for the last three months, I’ve been operating from the assumption that this is a year-round virus that’s eventually going to infect 100 million people and kill roughly 1/2 of one percent of those infected, conservatively. I’ve accepted those numbers. Unfortunately, millions of others have not. Many people have no sense of where this is headed, and I understand why. They’ve been betrayed by a hysterical media that insists on covering each new reported case as if it were the first case. Every headline today drips with dread, as the next doomed hotspot approaches the next “grim milestone.” And so, for a lot of people, everyday is Groundhogs Day. They’re paralyzed by the rising numbers because the numbers have no context. They don’t know where it will end.

But Dr. Osterholm says he does, and I’m persuaded that he’s correct. He might be wrong, and frankly, I hope he is, but either way, he’s presented us with a set of projections based on a logical analysis, and accepting those projections has allowed me to move past denial, anger, bargaining, and depression, and get on with my life with a better understanding of what the risks really are. Fact is, we the people can accept almost anything if we’re given the facts, and enough time to get evaluate the risk and make our own decisions. [..] don’t misunderstand. I’m not ignoring COVID, or downplaying COVID, or pretending the risks at hand aren’t real. Nor am I comparing COVID cases to car accidents – I’m simply comparing the fear of each to the other, and the fear that always accompanies uncertainty.

I don’t want to get this disease or give it to someone else, any more than I want to be in a car car wreck that injures someone else. But I’ve accepted certain things about the pandemic, and now, I’ve gotten used to the risk as I understand it. I take precautions. I get tested as often as I can, and if I can’t physically distance, I wear a mask – especially around higher risk people. Likewise, I wear a seatbelt, obey the speed limits, and check my mirrors before changing lanes.

Read more …

There’s an eviction stop in the new GOP proposal, far as I know.

How The Eviction Crisis Across The US Will Look (CNBC)

An unprecedented eviction crisis will soon hit the U.S. On Friday, the federal moratorium on evictions in properties with federally backed mortgages and for tenants who receive government-assisted housing expired. The Urban Institute estimated that provision covered nearly 30% of the country’s rental units. White House economic adviser Larry Kudlow said on Sunday that he would extend that moratorium, but these tenants are now unprotected from eviction. At the same time, some 25 million Americans will stop receiving the $600 weekly federal unemployment checks by July 31. And most of the statewide eviction moratoriums are winding down. The proceedings have resumed in more than 30 states. The moratorium in Hawaii and Illinois end this week, and in August, evictions will pick up in New York and Nevada.


By one estimate, some 40 million Americans could be evicted during the public health crisis. “It’s like nothing we’ve ever seen,” said John Pollock, coordinator of the National Coalition for a Civil Right to Counsel. In 2016, there were 2.3 million evictions, Pollock said. “There could be that many evictions in August,” he said. Massive unemployment has left more than 40% of renter households at risk of eviction, according to a new analysis by global advisory firm Stout Risius Ross. Some states will be harder hit than others, Stout found. For example, nearly 60% of renters in West Virginia are at risk of eviction, compared to 22% in Vermont. People of color are especially vulnerable. While almost half of White tenants say they’re highly confident they can continue to pay their rent, just 26% of African-American tenants could say the same.

Read more …

But peacefully.

The Insane Leading the Blind (Kunstler)

In Louisville, Saturday, just after lunchtime, the self-styled Not Fucking Around Coalition (NFAC) was mustering for action and “inspecting firearms” (according to NFAC comandante Grand Master Jay) when one of said weapons accidently discharged and mowed down three NFAC warriors — nicely demonstrating the hazards of fucking around with loaded weapons. In Austin Saturday night, one feckless BLM mob marcher name of Garrett Foster brought his AK-47 to the street party. When he pointed it at a motorist trapped by the crowd, he got blown away to that great struggle session in the sky, the surprise of his life, I’m sure. In Portland, OR, police found a bag of loaded rifle magazines and Molotov cocktails in the nearby park that serves as the rioters’ marshaling yard. Portland Mayor Ted Wheeler did not attend the evening’s frolics at the sore beset federal courthouse, having successfully subjected himself to ritual humiliation himself a few nights earlier. After midnight Sunday, police declared the Antifa actions “a riot” and made a few arrests.


Up Seattle way, a federal judge struck down the city council’s order against police using tear gas and pepper spray on rioters just in time for another weekend of rioting. SPD Chief Carmen Best declared, “In the spirit of offering trust and full transparency, I want to advise you that SPD officers will be carrying pepper spray and blast balls today, as would be typical for events that carry potential to include violence.” Hours later, after Antifas smashed the windows of ground-floor businesses, set fire to a construction site, and trashed the SPD’s East Precinct building, pepper spray and blast balls were deployed and forty-five of the mob were arrested (on rioting, assault, and other charges), while twenty-one SPD officers were injured. Down in LA, Antifas broke into the federal Bureau of Prisons Detention Center. In Richmond, VA, rioters set fire to a city dump truck used as a barrier to protect a police station.

Read more …

Next hearing August 14. “..despite its decade-long-head-start, the prosecution is still unable to build a coherent and credible case.”

Assange Defence Team Concerned US is Seeking ‘Improper’ Delay of Case (Sp.)

Julian Assange’s substantive extradition hearings are due to restart on 7 September at the Old Bailey, where it will be decided whether or not he should be sent the US to face up to 175 years in prison. Julian Assange’s defence team informed the court on 27 July 2020 that they fear Donald Trump’s administration may be seeking to delay the substantive extradition hearings until after the US elections in November 2020. Ed Fitzgerald QC attended the hearing in person for the first time since the implementation of COVID-19 restrictions. He told Judge Vanessa Baraitser at Westminster Magistrates’ Court that he is “concerned at a fresh [indictment] being brought [by the US government] at this stage, with the potential consequence to de-rail the proceedings”.

Mr Fitzgerald expressed his worry that the US attorney general is “doing this for political purposes” and suspected there is “some manipulation or some political motivation” on the part of the US authorities, something which he said would be wholly “improper”. The judge refused to discuss the matter further because the prosecution has, to date, failed to formally submit the superseding indictment upon the court. Joel Smith, the barrister who attended the hearing on behalf of the prosecution, told the court that he would “not able to commit to any time table” in terms of the second superseding indictment being formally served on the court and that it would “have to go through the usual channels” before he could say any more.

Kristinn Hrafnsson, WikiLeaks editor-in-chief, followed the hearing remotely from Iceland. He told Sputnik that “the political nature of the entire thing is becoming more and more clear to everybody”. He described as “absolutely unacceptable” the fact that the US administration has failed to serve the second superseding indictment onto the court. “We were at least expecting this to be served in the court today and the fact that the judge has only heard of it through email exchange from the defence is of course outrageous”, Mr Hrafnsson continued. “The ‘new’ superseding indictment actually contains nothing new. All the alleged events have been known to the prosecution for years. It contains no new charges. What’s really happening here is that despite its decade-long-head-start, the prosecution is still unable to build a coherent and credible case.”, Mr Hrafnsson also said.

[..] Judge Baraitser listed the next call-over hearing for 14 August and confirmed that the second part of Julian Assange’s substantive extradition hearings should begin on 7 September at the Old Bailey. Judge Baraitser said she expected the entire process to last three weeks though Mr Fitzgerald reminded her that the defence had previously stated that they would likely require a fourth week given the latest developments in the case.

Read more …

Climate and racism at the same time. Sounds very convenient. So who else is funding the police?

Oil Giants Help Fund Powerful Police Groups In Top US Cities (G.)

Big corporations accused of driving environmental and health inequalities in black and brown communities through toxic and climate-changing pollution are also funding powerful police groups in major US cities, according to a new investigation. Some of America’s largest oil and gas companies, private utilities, and financial institutions that bankroll fossil fuels also back police foundations – opaque private entities that raise money to pay for training, weapons, equipment, and surveillance technology for departments across the US. The investigation by the Public Accountability Initiative, a nonprofit corporate and government accountability research institute, and its research database project LittleSis, details how police foundations in cities such as Seattle, Chicago, Washington, New Orleans and Salt Lake City are partially funded by household names such as Chevron, Shell and Wells Fargo.

Police foundations are industry groups that provide substantial funds to local departments, yet, as nonprofits, avoid much public scrutiny. The investigation details how firms linked to fossil fuels also sponsor events and galas that celebrate the police, while some have senior staff serving as directors of police foundations. The report portrays the fossil fuel industry as a common enemy in the struggle for racial and environmental justice. “Many powerful companies that drive environmental injustice are also backers of the same police departments that tyrannize the very communities these corporate actors pollute,” it states.

[..] Carroll Muffett, the president of the Center for International Environmental Law, said: “This report sheds a harsh light on the ways police violence and systemic racism intersect with the climate crisis.” A spokeswoman for Chevron said the firm is a “good neighbor” wherever it operates. “Across the world, Chevron invests millions of dollars and thousands of volunteer hours on numerous programs and partnerships, helping communities improve their lives, achieve their aspirations and meet their full potential.”

Read more …

“It is the industry that does the testing.”

Post-Brexit Agrochemical Apocalypse for the UK? (OffG)

The British government, regulators and global agrochemical corporations are colluding with each other and are thus engaging in criminal behaviour. That’s the message put forward in a new report written by environmentalist Dr Rosemary Mason and sent to the UK Environment Agency. It follows her January 2019 open letter to Werner Baumann, CEO of Bayer CropScience, where she made it clear to him that she considers Bayer CropScience and Monsanto criminal corporations. Her letter to Baumann outlined a cocktail of corporate duplicity, cover-ups and criminality which the public and the environment are paying the price for, not least in terms of the effects of glyphosate. Later in 2019, Mason wrote to Bayer Crop Science shareholders, appealing to them to put human health and nature ahead of profit and to stop funding Bayer.

Mason outlined with supporting evidence how the gradual onset of the global extinction of many species is largely the result of chemical-intensive industrial agriculture. She argued that Monsanto’s (now Bayer) glyphosate-based Roundup herbicide and Bayer’s clothianidin are largely responsible for the destruction of the Great Barrier Reef and that the use of glyphosate and neonicotinoid insecticides are wiping out wildlife species across the globe. In February 2020, Mason wrote the report ‘Bayer Crop Science rules Britain after Brexit – the public and the press are being poisoned by pesticides’. She noted that PM Boris Johnson plans to do a trade deal with the US that could see the gutting of food and environment standards.

In a speech setting out his goals for trade after Brexit, Johnson talked up the prospect of an agreement with Washington and downplayed the need for one with Brussels – if the EU insists the UK must stick to its regulatory regime. In other words, he wants to ditch EU regulations. Mason pondered just who could be pulling Johnson’s strings. A big clue came in February 2019 at a Brexit meeting on the UK chemicals sector where UK regulators and senior officials from government departments listened to the priorities of Bayer Crop Science. During the meeting (Westminster Energy, Environment & Transport Forum Keynote Seminar: Priorities for UK chemicals sector – challenges, opportunities and the future for regulation post-Brexit), Janet Williams, head of regulatory science at Bayer Crop Science Division, made the priorities for agricultural chemical manufacturers known.

Dave Bench was also a speaker. Bench is a senior scientist at the UK Chemicals, Health and Safety Executive and director of the agency’s EU exit plan and has previously stated that the regulatory system for pesticides is robust and balances the risks of pesticides against the benefits to society. In an open letter to Bench, Mason responded: “That statement is rubbish. It is for the benefit of the agrochemical industry. The industry (for it is the industry that does the testing, on behalf of regulators) only tests one pesticide at a time, whereas farmers spray a cocktail of pesticides, including over children and babies, without warning.”

Read more …

Pending suits vs “ABC, CBS, The Guardian, The Huffington Post, NPR, Slate, The Hill, and Gannett, which owns the Cincinnati Enquirer, as well as miscellaneous other small outfits”.

CNN’s Stelter Breaches Confidentiality Agreement With Sandmann (Fox)

CNN’s chief media correspondent Brian Stelter may have landed himself in hot water, according to the attorney of Covington Catholic High School student Nicholas Sandmann. Last week, Sandmann announced that The Washington Post settled the $250 million defamation lawsuit he filed over its botched coverage of a viral confrontation with a Native American elder that had portrayed the Kentucky teen as the aggressor. This followed the multi-million dollar settlement CNN made with the teenager back in January. However, Sandmann’s attorney Lin Wood spotted a retweet from Stelter of a tweet written by attorney Mark Zaid, who speculated about how much money the teen walked away with from the settlement.

“Those with zero legal experience (as far as I can tell) should not be conjecturing on lawsuits they know nothing about. What kind of journalism is that?” Zaid asked. “I’ve litigated defamation cases. [Sandmann] was undoubtedly paid nuisance value settlement & nothing more.” Wood accused the “Reliable Sources” host of breaching his network’s own confidentiality agreement with his client. “This retweet by @brianstelter may have cost him his job at @CNN. It is called breach of confidentiality agreement. Brian Stelter is a liar. I know how to deal with liars,” Wood tweeted with a screenshot of Stelter’s retweet. Sandmann knocked the media guru, tweeting “Brian Stelter just can’t learn some basic lessons over at CNN.”

“I can’t decide if it’s worse to be Brian Stelter or believe Brian Stelter. He was never in any court hearing or meeting I was. So why does he act like he knows anything?” Sandmann added. CNN analyst Asha Rangappa appeared to agree with Zaid as well. “I’d guess $25K to go away,” Rangappa wrote. Responding to Rangappa’s tweet, Wood wrote “Heads are going to roll at CNN or @N1ckSandmann is going to filing another lawsuit & reveal truth.” Wood leveled a similar charge against Washington Post reporter Dan Zak, who suggested on Friday that the Post settled “for a small amount… in order to avoid a more expensive trial,” later adding that it’s the “American way.”

Read more …

This is the sort of indepth quality reporting we want to see from the Guardian. They suck at everything else anyway.

Emus Banned From Pub In Outback Australia Town (G.)

It can’t be easy being an emu in outback Australia at the best of times what with the heat and the perennial droughts. But to be banned from your local pub for bad behaviour must now be added to the list of grievances inflicted upon the big birds. Such is the problem Kevin and Carol – two emus in Yaraka, south of Longreach in western Queensland – now face after an edict was passed down by the only hotel in town last week. Gerry Gimblett, who owns the Yaraka Hotel with her husband Chris, told Guardian Australia they were left with no other option after the birds’ recent “bad behaviour”. “They’ve been stealing things from the guests, especially their food. They’d stick their heads in and pinch toast out of the toaster,” Gimblett explained.

“But the main reason we’ve banned them is their droppings. They’re enormous, very large and very smelly, and they created great stains,” she said. Gimblett, who took over the pub after she retired as a teacher, installed a barrier – a piece of rope – across the hotel’s entrances last week after the “much-loved” emus began entering the pub and disrupting patrons. Gimblett said the emus had become a tourist attraction after several eggs were hatched at the end of 2018, and while at one point there were nine emus in town, most had wandered away from town or been hit in accidents. Just two large emus remain, Kevin and Carol, who circle the area around the pub.


[..] Despite the emu population shrinking to just two, Gimblett said they remained noticeable given there “are only about 16 other” human residents in Yaraka, which is about a 13-hour drive west of Queensland’s capital, Brisbane. “We love them as part of the Yaraka community, but they’re not welcome inside any more.”

Read more …

“Zuckerberg closed his remarks with repeated assurances that despite a likely legal battle ahead, no one government could stand up to the fortitude of Facebook.”

Facebook Vows To Break Up US Government Before It Becomes Too Powerful (Onion)

In an effort to curtail the organization’s outsized influence, Facebook announced Monday that it would be implementing new steps to ensure the breakup of the U.S. government before it becomes too powerful. “It’s long past time for us to take concrete actions against this behemoth of governance that has gone essentially unchecked since its inception,” said Facebook CEO Mark Zuckerberg, noting that while the governing body may have begun with good intentions, its history showed a culture of recklessness and a dangerous disregard for the consequences of its decisions. “Unfortunately, those at the top have been repeatedly contemptuous of the very idea of accountability or reform, and our only remaining course is to separate the government into smaller chunks to prevent it from forming an even stronger monopoly over the public.” Zuckerberg closed his remarks with repeated assurances that despite a likely legal battle ahead, no one government could stand up to the fortitude of Facebook.

Read more …

 

 

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Jul 262020
 


Elaine de Kooning Fairfield Porter #1 1954

 

 

It won’t come as a surprise to anyone that the first half of 2020 has brought, among many other things, renewed calls for the demise of the US dollar. It’s been pretty much a non-stop call for over a decade now, and longer. But this time, like all previous ones, I’m thinking: I don’t see it. I guess my first question is always: please explain why the dollar would collapse before the euro does.

For one thing, the dollar would have to collapse/default against one or more “entities”. The dollar is not like one of those highrises that collapse upon themselves. It will have to default or collapse against something(s) else. Since it is the world reserve currency, that means there would have to be a replacement reserve currency. Yes, that could also be for example gold or SDR’s, or even a basket of currencies, and something like that may happen eventually, but it doesn’t appear in the cards in the short run.

There are really only two candidates for the role, and neither looks at all fit to play it. The euro may have some ambitions in that direction, but it has far too many problems still. The yuan/renminbi certainly has such ambitions, but the Communist party refuses to let it get on stage to show what it’s got. As I recently wrote:

 

The main sticking point for Beijing is a conundrum it cannot solve. The CCP wants to have BOTH a global currency AND total control over that currency. It will have to choose between the two, and cannot make up its mind. So it pretends it doesn’t have to choose. Sure, there has been some advancement for the yuan, but I bet most of that is on the back of the Belt and Road (BRI), and that will turn out to be one of the main victims of the coronavirus. The BRI is China’s very clever way of exporting its overproduction, but potential buyers have other things on their mind today.


Meanwhile, even with that, the yuan is used in only 1.8% of cross-currency payments. [..] The sudden, and rushed, take-over of Hong Kong with the new security law will not help China’s plans to be accepted internationally. [..] The world’s large investors will not put their money into something that Xi Jinping can declare devalued by 50% on a rainy morning when he sees fit. He will have to cede that kind of control.

The euro has made some gains vs the USD recently, going from 1.07 to 1.16 or so, but that means very little once you look at the broader picture. Moreover, the reason the financial press provides for -much of- those gains, which is that the EU supposedly showed “unity” in its recent Recovery Fund talks, is bollocks.

If it showed one thing, it was a lack of unity. That’s why these were the longest talks they ever had. And if this had not been Angela Merkel’s last hurrah, they might not have agreed at all. They paid off the Frugal Four to the tune of hundreds of millions, and that’s how they got a deal. Horse traders.

A simple screenshot from Bloomberg of the USD vs EUR over the last five years makes clear why the recent changes are no big deal. (All BBG screenshots are from July 24 just before 10 AM EDT and all cover a 5 year period.)

 

 

A reserve currency has two roles: being the currency that most international trade is conducted in, and -closely related- being the currency that countries hold most as foreign exchange (FX) reserves. After WWII, the US dollar became the most important currency for trade more or less by default, a position that it greatly strengthened with the petrodollar.

A 2015 SWIFT paper provides details about the US dollar’s share of international trade:

The US dollar prevails as the dominant international trade currency, with a 51.9% share of the value of international currency usage in 2014. The euro is second, with a 30.5% share of the total value. The British pound is third, with a 5.4% share of the total value, followed by Asian currencies such as the Japanese yen and the Chinese yuan.

That’s from five years ago, but things won’t have changed much. The system is complex and inert, it has a very strong resistance against large and sudden changes. (Do note that the euro’s share of international trade is substantially skewed because it includes payments between countries that use the euro as their currency, plus those EU countries that don’t -yet-). Single market, international trade.

And then there’s the dollar’s FX role.

In September 2019, Eswar Prasad at Brookings reported that the dollar’s share of global FX reserves remains around 65%.

The drop from 66 percent in 2015 to 62 percent in 2018, is probably a statistical artifact related to changes in the reporting of reserves. Compared with 2007, however, the dollar’s share of global FX reserves has declined by 2 percentage points while the euro’s share is down 6 percentage points. Over this period, the Japanese yen’s share has risen by 2 percentage points, while other less prominent reserve currencies have increased their total share by 4 percentage points. The renminbi, which was not an official reserve currency in 2007, now accounts for 2 percent of global FX reserves. [..] .. the euro has stumbled, the renminbi has stalled, and dollar supremacy remains unchallenged.

[..] In July 2019, China’s total official reserve assets amounted to just over $3.2 trillion, of which $3.1 trillion (97 percent of the total) was held in the form of FX reserves. Gold holdings amounted to about $89 billion [..] Coming amid rising trade tensions with the U.S., the 5 percent increase in China’s gold stock and the 24 percent increase in the value of its official gold holdings during 2019 have been interpreted as a sign of China’s attempting to diversify its reserve holdings away from U.S. dollars.

If this interpretation was indeed correct, China has a long way to go. Gold now accounts for 3 percent of China’s gross international reserves. From a global financial market perspective, and especially relative to its overall international reserves, the $18 billion increase in the value of China’s gold reserves during 2019 is trivial; it barely registers as a shift in the composition of China’s overall reserves.

Assuming that China still holds 58 percent of its FX reserves in dollar-denominated assets, the value of those assets in July 2019 was $1.8 trillion. So, the value of its gold reserves, $94 billion, is a mere one twentieth of that of China’s dollar-denominated reserves.

With the euro and yuan out of the way as potential reserve currency candidates, we can take a look at gold. Senior commenter Dr.D at the Automatic Earth recently wrote: “As advertised, the US$ is defaulting. What? Where? US$ has been cut in half compared to Silver in 3 months. US$ has been cut in half compared to BTC in 3 months. US$ has been cut in half compared to Gold in 4 years.

Like many people talking about a USD demise, perhaps that’s too much of a dollar-centric view and conclusion. Surely gold and silver can rise vs the USD without announcing an imminent collapse of the latter. And since precious metals tend to go up in times of uncertainty, and COVID has brought shovels full of just that, you would expect them to rise.

Therefore you would have to also look at how they do vs for example the euro, before concluding anything. Note: I didn’t include Bitcoin because it’s too new and volatile. Makes me think of the Lindy Effect, often cited by Nassim Taleb, the idea that the older something is, the longer it’s likely to be around in the future.

Here are a few more Bloomberg screenshots. And yes, gold has done well vs the USD in, say, the past two years, no doubt.

 

 

But gold has pretty much followed the exact same pattern vs the euro:

 

 

Silver has done even better, more recently, vs the USD, though compared to where it was in 2016 it’s not that big a step (barely more than 10%):

 

 

And the pattern of silver vs the euro is so similar it’s almost eery.

 

 

I don’t see anything there that would make me think the dollar is collapsing, no more than the euro is. What I see is gold and silver rising. People move into precious metals, perceived as safe havens; they always do when the world is in turmoil. And don’t forget there are trillions in additional recent central bank money sloshing around that have to move somewhere.

As for the changes of the USD vs the euro: we’ve already seen that they are not exceptional. Losing a few percent vs the euro will not collapse the dollar.

Also, there’s something missing in the discussion as far as I’ve seen: the option that it’s the US itself that wants a lower dollar at this point in time, and actively works to get it lower. A strong dollar works for a strong economy, but not for one weakened by a pandemic and an acrimonious political climate.

But the US has borrowed so much money!, you say. Yes, but so have Europe, and Japan, and China, everyone has who could.

 

A little more about gold, since some are clamoring for a return to the gold standard. Which is not likely, because too many parties would resist, either for ideological or practical reasons. But say you would consider it, then you would as one of the first things you do, look at gold reserves. Here are the top ten gold holding countries per March 2020, as assembled by TradingEconomics.com:

 

 

Note: Britain is not there, because “Between 1999 and 2002 the Treasury sold 401 tonnes of gold – out of its 715-tonne holding – at an average price of $275 an ounce, generating about $3.5bn during the period.” (BBC). Gold is at $1,900 today. Nuff said.

The US gold reserves are so large it would appear to give them an unfair advantage if a gold standard were considered. Same as they have in the current set-up. Then again, if you insert population numbers into the equation, Germany, Italy, Switzerland, even the Netherlands, have more in relative terms. Question is: where does that leave all the others?

Long story short: I don’t see a US dollar default or collapse in the near future. But by all means enlighten me.

 

 

 

 

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