Aug 312019
 


Salvador Dali Cabaret scene 1922

 

Hong Kong Protesters Occupy Major Roads Despite Police Warning (ST)
Messaging App Telegram Moves To Protect Identity Of Hong Kong Protesters (R.)
China’s Factory Activity Shrinks For Fourth Month As Trade Pressure Mounts (R.)
Trump Confirms Latest China Tariffs Set For Sunday Are ‘On’ (AFP)
UK Government Warns Food Manufacturers Of Post-Brexit Shortages (BI)
Apple iPhone Hack Exposed By Google Breaks WhatsApp Encryption (F.)
Twitter Took 18 Long Minutes To Recover CEO Jack Dorsey’s Hacked Account (F.)
Comey’s Classified Misconduct And The Media’s Flawed Coverage Of It (Solomon)
Fish Fry (Kunstler)
WWII Anniversary Without Russia Is Just Rewriting History (RT)

 

 

Inevitable.

Hong Kong Protesters Occupy Major Roads Despite Police Warning (ST)

Protesters in Hong Kong have occupied major roads in several districts on Saturday (Aug 31) amid tighter security as authorities prepare for possible violence after demonstrations have gone ahead despite a ban. As demonstrators flooded roads in the popular Causeway Bay shopping district, the civic district in Admiralty, Wan Chai and the Central business district – a nearly 3km stretch – police issued several warnings for the crowd to disperse. Armed with umbrellas in muggy rainy weather, tens of thousands marched on the roads shouting slogans including “fight for freedom, stand with Hong Kong”.

Security in the city has been ramped up this weekend, with huge water-filled barricades set up around the buildings next to Beijing’s liaison office in Sai Ying Pun – a previous target of some hardcore protesters. Roads in the area have been blocked to cut off access to the office. The police’s new anti-riot water cannons, which were deployed for the first time in Tsuen Wan last Sunday, were also spotted in the area. [..] In an alert to residents in the city, police on Saturday morning warned the public of “severe disruptions” ahead of a “public event this afternoon”.


Fresh calls on Saturday morning circulating via messaging app Telegram urged netizens to assemble in Causeway Bay at 2pm. This follows calls circulated on social media on Friday for people to join a Christian gathering at Wan Chai and to march to Central and Upper Albert Road. By 1pm, thousands have gathered at Southorn Playground in Wan Chai chanting “Hong Kong, gah yau”, or “Hong Kong, keep it up”, as they started marching despite police warnings against unauthorised protests.

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Encrypted spying.

Messaging App Telegram Moves To Protect Identity Of Hong Kong Protesters (R.)

Telegram, a popular encrypted messaging app, will allow users to cloak their telephone numbers to safeguard Hong Kong protesters against monitoring by authorities, according to a person with direct knowledge of the effort. The update to Telegram, planned for release over the next few days, will allow protesters to prevent mainland Chinese and Hong Kong authorities from discovering their identities in the app’s large group chats. Hong Kong’s Security Bureau told Reuters it has “been acting responsibly to deal with the current difficult time with a view to restoring the public order”. It declined to comment about whether it had tried to identify protesters by using the Telegram app.

[..] Thousands of Hong Kong protesters take their cues from more than 100 groups on Telegram, according to protest organizers and supporters. Protesters use encrypted apps like Telegram to mobilize swiftly through multiple group chats, with less risk of police infiltration, an in-depth report published by Reuters earlier this month said. The groups are used to post everything from news on upcoming protests to tips on dousing tear gas canisters fired by the police to the identities of suspected undercover police and the access codes to buildings in Hong Kong where protesters can hide.


Some protesters express concern that authorities could use the movement’s reliance on Telegram to monitor and arrest organizers. Telegram chat groups used to organize public protests are often accessible to anyone and participants use pseudonyms. Telegram allows users to search for other users by uploading phone numbers. This function allows a new user to quickly learn whether those in a phone’s contact book are already using the app, the group said. Some protesters say they believe Chinese or Hong Kong security officials have exploited the function by uploading large quantities of phone numbers.

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“Export orders fell for the 15th straight month in August..”

China’s Factory Activity Shrinks For Fourth Month As Trade Pressure Mounts (R.)

Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world’s second-largest economy. Persistent weakness in China’s vast manufacturing sector could fuel expectations that Beijing needs to roll out stimulus more quickly, and more aggressively, to weather the biggest downturn in decades. The Purchasing Managers’ Index (PMI) fell to 49.5 in August, China’s National Bureau of Statistics said on Saturday, versus 49.7 in July, below the 50-point mark that separates growth from contraction on a monthly basis.


The official factory gauge showed growing trade frictions with the United States and cooling global demand continued to wreak havoc on China’s exporters. Export orders fell for the 15th straight month in August, although at a slower pace, with the sub-index picking up to 47.2 from July’s 46.9. Total new orders – from home and abroad – also continued to fall, indicating domestic demand remains soft, despite a flurry of growth-boosting measures over the past year. Manufacturers in consumption-oriented industries such as the auto sector have been especially vulnerable. Carmakers such as Geely and Great Wall have slashed expectations for sales and profits. The data showed activity at medium and small-sized firms contracted, even as large manufacturers, many backed by the government, managed to expand in August.

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Links tariffs to Hong Kong.

Trump Confirms Latest China Tariffs Set For Sunday Are ‘On’ (AFP)

US President Donald Trump confirmed Friday that steep new tariffs on Chinese goods will kick in on Sunday and said that his economic pressure is forcing Beijing to take a more moderate line in Hong Kong. “They’re on,” Trump told reporters, two days before the levies on billions of dollars’ worth of Chinese imports are set to rise in the latest escalation of the trade war between the world’s two biggest economies. Trump also said that US economic pressure on China was responsible for preventing the authorities from carrying out a harsher crackdown against pro-democracy demonstrators in Hong Kong. “Because of what I’m doing with trade that’s really keeping down the temperature,” he said at the White House.

Trump’s tough line — and his claim that events in Hong Kong are linked to the trade war — follows his insistence over the last week that Chinese negotiators are keener than ever to strike a deal. However, despite repeated hints that high-level communications have been reopened on the standoff, White House officials have sparked skepticism by failing to provide details of those reported talks. His confirmation that the new tariffs will go ahead underlines the reality that the two sides remain at loggerheads.


[..] His comments on Hong Kong could touch political nerves in China, which bristles at anything it sees as outside interference in the restive city. Asked if he saw a connection between the way the Chinese respond to the unrest and the difficulties their economy faces under US pressure, Trump said: “I do, I do.” “If it weren’t for the trade talks Hong Kong would be in much more trouble,” he said, reiterating a call for Beijing to “handle it in a humane fashion.”

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“..up to 60% of lorries would not have the correct documentation to move between Dover and Calais..”

UK Government Warns Food Manufacturers Of Post-Brexit Shortages (BI)

Government officials this week warned food industry leaders that supplies of liquid egg could run out if the United Kingdom leaves the European Union without a Brexit deal in October. Prime Minister Boris Johnson last week publicly dismissed warnings that there would be food shortages, telling Sky News that it is “highly unlikely” that food stocks would dry up. However, officials in the Department for Environment, Food, and Rural Affairs privately warned industry leaders that delays at the border risked causing a shortage of liquid egg, much of which is imported from the EU to make a large variety of food products in the UK.


Liquid egg is egg removed from its shell before being sold to manufacturers, which use it as an ingredient in a range of goods, including cakes, pastries, and sauces. When transported in bulk and sold to the food industry, it has a shelf life of two to three days, according to the European Food Safety Authority. [..] Industry figures were told that in a no-deal Brexit scenario, the government expected that up to 60% of lorries would not have the correct documentation to move between Dover and Calais, with some lorries potentially having to wait up to two days before crossing the Channel. This in turn would disrupt the flow of liquid egg, plus other foods like soft fruit and vegetables, reaching the UK.

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Encryption? What encryptioin?

Apple iPhone Hack Exposed By Google Breaks WhatsApp Encryption (F.)

The potential impact of the latest attack on iPhones is massive, not to mention hugely concerning for every user of Apple’s famous smartphone. That simply visiting a website can lead to your iPhone being hacked silently by some unknown party is worrying enough. But given that, according to Google researchers, it’s possible for the hackers to access encrypted messages on WhatsApp, iMessage, Telegram and others, the attacks undermine the security promised by those apps. It’s a stark reminder that should Apple’s iOS be compromised by hidden malware, encryption can be entirely undone. Own the operating system, own everything inside.

Among the trove of data released by Google researcher Ian Beer on the attacks was detail on the “monitoring implant” hackers installed on the iPhone. He noted that it had access to all the database files on the victim’s phone used by those end-to-end encrypted apps. Those databases “contain the unencrypted, plain-text of the messages sent and received using the apps.” The implant would also enable hackers to snoop on Gmail and Google Hangouts, contacts and photos. The hackers could also watch where users were going with a live GPS location tracker. And the malware stole the “keychain” where passwords, such as those for all remembered Wi-Fi points, are stored.


Shockingly, according to Beer, the hackers didn’t even bother encrypting the data they were stealing, making a further mockery of encrypted apps. “Everything is in the clear. If you’re connected to an unencrypted Wi-Fi network, this information is being broadcast to everyone around you, to your network operator and any intermediate network hops to the command and control server,” the Google researcher wrote. “This means that not only is the end-point of the end-to-end encryption offered by messaging apps compromised; the attackers then send all the contents of the end-to-end encrypted messages in plain text over the network to their server.” Beer’s ultimate assessment is sobering: “The implant has access to almost all of the personal information available on the device, which it is able to upload, unencrypted, to the attacker’s server.”

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Slow.

Twitter Took 18 Long Minutes To Recover CEO Jack Dorsey’s Hacked Account (F.)

This certainly doesn’t inspire confidence. Twitter CEO Jack Dorsey experienced a major security breach affecting his Twitter account on Friday before the Labor Day weekend. At about 3:45 p.m. ET, Dorsey’s Twitter account began broadcasting several vulgar tweets including those that contained ethnic slurs such as the N-word, as well as the suggestion a bomb had been placed at Twitter headquarters, and used the hashtag ChucklingSquad. In a statement, Twitter said that it is “aware that Jack was compromised and investigating what happened.” It’s not that unusual for someone’s Twitter account to get hacked. In June 2016, the company famously experienced a major security breach that involving hackers taking over accounts of many of its top users such as Katy Perry, Mark Zuckerberg, and Kylie Jenner.


But what’s most surprising about this latest hack is that the tweets, most of which were crafted specifically to be offensive or alarming, remained on the network for a whole 18 minutes after they were initially tweeted. Jack Dorsey’s unauthorized tweets were broadcast to more than 4 million users and sent Twitter into a frenzy, with many actively tagging Twitter Security and Twitter Communications, hoping to alert them to the problem. It’s unclear how the account was hacked, but the unauthorized tweets were apparently sent from Cloudhopper, a service that Twitter bought in 2010 to improve SMS service. Whether this service is at fault remains to be determined.

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John Solomon is angry.

Comey’s Classified Misconduct And The Media’s Flawed Coverage Of It (Solomon)

A major headline from the Department of Justice’s (DOJ) latest inspector general report is that fired FBI Director James Comey mishandled classified information. But you’d never know it from most of the day-after media reporting on the historic findings. The internal DOJ watchdog documented, irrefutably, that Comey leaked the contents of a classified memo to his legal team, first orally and then by providing a copy of the document. Some of the memo’s content was then leaked to a media organization by one of his lawyers. I first reported this when sources contacted me in late July and told me the inspector general (IG) had referred Comey to the Justice Department for possible prosecution for mishandling classified information.

Attorney General William Barr’s team declined to bring charges. My reporting was directly confirmed when the IG released its final report Thursday. The information I laid out in my July 31 column was laid bare in the IG report’s official timeline. IG Michael Horowitz declared Comey’s conduct so egregious that it created a “dangerous example for the over 35,000 current FBI employees — and the many thousands more former FBI employees — who similarly have access to or knowledge of non-public information.” For some reason, not one but two Washington Post columns have emerged, suggesting I misled readers. Media critic Erik Wemple suggested I had “slimed” Comey. Another columnist, Aaron Blake, suggested my reporting led to a misleading narrative on Fox News.


When confronted like this, a professional journalist has an obligation: Either retract and correct what you got wrong, or show the public the facts that affirm the reporting. I will do the latter.

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“I actually wouldn’t be surprised if it turned out that Mr. Comey was wearing a wire during that, and several other, meetings he had with Mr. Trump..”

Fish Fry (Kunstler)

[..] certain remorseless legal machinery has been set in motion now that could send a whole boardroom of former Obama administration higher-ups into disgrace, infamy, and possibly the federal slammer. Think: former CIA Director John Brennan in his future role as ping-pong round-robin manager at the Allenwood, PA, penitentiary; Loretta Lynch paring turnips at Camp Alderson, WV; James Clapper trying to catch a little tan in the ‘yard’ at Lompoc…. Somewhere along the line, someone is going to point a finger at Mr. Obama and those who were around him in the dear dead days of 2016.

There’s no precedent for this, of course, not even the case of ole Tricky Dick Nixon, who never had to take a witness chair in the Watergate matter and received a pardon from his successor, Gerald Ford, which made the whole tiresome business go away pronto. Wouldn’t it be a kind of poetic justice if Mr. Trump had to do the same for Mr. Obama? The New York Times would surely find a way to spin that as “racist.” CNN would declare war on FlyoverLand and send Don Lemon to Kentucky in a Lincoln Navigator with a light-saber to subdue the Ku Klux Klan and the satanic hosts of White Supremacy. Well, you see how easily this country could lose its shit.

In the meantime, cries of consternation rise from Right at the DOJ’s demurral to actually indict Mr. Comey on any of the charges listed rather explicitly in the new report. The explanation goes something like this: Comey gave an official FBI memo of his own composition to pal (and attorney) Daniel Richman, and instructed him to leak the contents (though not the memo itself) to a New York Times reporter. The memo involved recollections of a one-to-one meeting with Mr. Trump in which the case of General Flynn came up, with Mr. Trump making the case that there was nothing illegal about the National Security Advisor speaking with the Russian ambassador — since, after all, that is precisely what ambassadors from foreign lands are in Washington to do.

I actually wouldn’t be surprised if it turned out that Mr. Comey was wearing a wire during that, and several other, meetings he had with Mr. Trump — before the president grokked that he was being personally set-up for an obstruction-of-justice rap and issued Mr. Comey a pink slip. In sum, this particular matter amounted to a rinky-dink charge, where Mr. Barr’s prosecutors are concerned, compared to the greater and darker matter of Mr. Comey’s role in defrauding the FISA judges to get warrants to spy on US citizens. That will likely be Mr. Comey’s true Waterloo. So, he greeted this week’s IG report with a smarmy Twitter tweet celebrating his imagined “exoneration.” Imagine instead what his cortisol level will be in the months ahead as he awaits further moves by Messrs Barr, Durham, and IG Horowitz.

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Insulting millions of people who died in the war.

WWII Anniversary Without Russia Is Just Rewriting History (RT)

Having US and former Axis leaders attend the 80th anniversary of WWII, but not inviting Russia, shows the event in Poland has nothing to do with paying respects to history, and everything to do with present-day politics. The German invasion of Poland on September 1, 1939 is universally considered as the start of the Second World War. To mark 80 years since that fateful date, the Polish authorities have chosen to invite “present allies and partners in NATO and the EU” to a commemoration that has been moved to Warsaw for the occasion. This means US Vice President Mike Pence will be at the ceremony, alongside the leaders of many countries that were members of the Axis during the war – from Germany and Italy to Bulgaria, Croatia, Hungary and Romania. Yet Russia will not be welcome.


For the past week the media in both Poland and the West have harped on about the non-aggression pact signed by the USSR and Germany on August 23, 1939 and known as Molotov-Ribbentrop, after their respective foreign ministers. The pact “doomed half of Europe to decades of misery,” argued the governments of Poland, Estonia, Latvia, Lithuania and Romania this week, pointing out that its anniversary has since been declared the “European Day of Remembrance for Victims of Totalitarian Regimes,” by which they mean “Nazism and Stalinism.” It’s a bit baffling the Latvians are complaining about Nazism, actually, since they keep celebrating their participation in the Waffen-SS. As for the Romanians, would those “victims” include their 3rd and 4th Armies that got crushed at Stalingrad? Which, for the geographically challenged, is about 1,500 kilometers east of the Romanian border…

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Aug 092019
 
 August 9, 2019  Posted by at 9:43 am Finance Tagged with: , , , , , , , , , , , ,  9 Responses »


Odilon Redon Street in Samois 1888

 

UK Economy Contracts On Back Of Brexit Uncertainty (G.)
The Dramatic Drop In Sterling Is Only A Taste Of What Is To Come (G.)
Johnson Plotting Abuse Of Power To Force No-Deal Brexit – Corbyn (G.)
Andrew McCabe Sues DOJ, FBI Over “Politically Motivated Firing” (ZH)
Uber Loses $5.2 Billion on $3.2 Billion in Revenue (WS)
Italy’s Matteo Salvini Calls For Fresh Elections As Coalition Fractures (G.)
China PPI Deflation Arrives While CPI Food Inflation Soars (ZH)
Three Days Of Protests Begin At Hong Kong Airport (BBC)
Malaysia Files Charges Against 17 Current, Ex-Goldman Execs Over 1MDB (AFP)
The Swiss Battle to Cheapen the Franc (Rickards)
Bayer Proposes Paying $8 Billion to Settle Roundup Cancer Claims (BBG)
Monsanto Built A Step-by-Step Strategy To Destroy My Reputation (Carey Gillam)

 

 

“UK economy suffers shock 0.2% contraction in second quarter..”

UK Economy Contracts On Back Of Brexit Uncertainty (G.)

The UK economy shrank in the second quarter, its worst performance in six and a half years, as growth was held back by Brexit uncertainty and car factory shutdowns. A 0.2% contraction between April and June was the weakest since the fourth quarter of 2012, when the economy contracted by 0.2%, according to figures from the Office for National Statistics. It followed growth of 0.5% in the first three months of the year, when the economy received a boost from unprecedented stockpiling by manufacturers in the run-up to the initial Brexit deadline of 29 March.


The ONS data showed that all three main sectors of the economy – services, manufacturing and construction – struggled in the three months to June. The slowdown – which leaves the annual growth rate at 1.2% – was considerably worse than the Bank of England’s forecast in its quarterly inflation report. Early evidence has suggested slightly stronger activity at the start of the third quarter of 2019.

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Just starting.

The Dramatic Drop In Sterling Is Only A Taste Of What Is To Come (G.)

As our currency plummeted last week, politicians were remarkably quiet. In normal times, a catastrophic slide in the pound would send a shockwave through Westminster. An emergency cabinet meeting might have been called. The chancellor might have made an announcement, calming markets and reassuring the public. But these aren’t normal times. Over the past three years, politics has been increasingly blind to the concerns of ordinary people. The Brexit debate is stuck on abstract constitutional issues such as the backstop. While they are important matters, the relentless focus of public discourse on them means that we are in danger of forgetting about the lives of real people.

Westminster is gripped by a fanatical race towards a cliff-edge Brexit and nobody is stopping to think about the impact it would have on the everyday lives of the people we serve as politicians. The falling pound is a perfect example. Consider for a moment the situation we find ourselves in. Three years on from the referendum, and sterling has now fallen by 15% against the euro. On average, the pound is now weaker than it was at the height of the financial crisis. We cannot dismiss this as a trivial bump in the road. This matters, because a no-deal Brexit is now the number one threat to the value of our currency, a fundamental factor driving this nation’s prosperity. And as Paul Johnson, director of the Institute for Fiscal Studies, put it, a fall in the pound “makes those of us whose earnings or savings or investment income is in pounds poorer. Period.”

We simply cannot ignore the impact this is having on people in our country. August is the most popular month for Brits to go on holiday. This month, some 6 million people will go on a trip to a eurozone destination, during which they will spend an average of £574 per head, according to the Office for National Statistics. Whereas before the referendum, that would have bought a UK holidaymaker €740 on the continent, now the same spend is worth only €620. In other words, our politicians’ dangerous no-deal Brexit musings have cost travellers more than £100 per person already.

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Oh well, at least the lawyers are happy. But even they don’t know what is legal and what is not.

Johnson Plotting Abuse Of Power To Force No-Deal Brexit – Corbyn (G.)

Jeremy Corbyn has called on the UK’s most senior civil servant to intervene to stop Boris Johnson forcing a no-deal Brexit in the middle of an election campaign, amid rising signs the country is heading for the polls again this autumn. The Labour leader wrote to Sir Mark Sedwill, the cabinet secretary, accusing the prime minister of plotting an “unprecedented, unconstitutional and anti-democratic abuse of power”, after it emerged No 10 would be prepared to delay an election until immediately after 31 October if Johnson loses a no confidence vote among MPs. In his letter, Corbyn demanded urgent clarification of the rules around purdah, which are meant to prevent the government taking major policy decisions during an election campaign.

He asked Sedwill to confirm that if the UK is due to leave the EU without a deal during an election campaign, then the government must seek an extension to article 50 and allow an incoming administration to take a decision about Brexit on the basis of the result. “Forcing through no deal against a decision of parliament, and denying the choice to the voters in a general election already underway, would be an unprecedented, unconstitutional and anti-democratic abuse of power by a prime minister elected, not by the public, but by a small number of unrepresentative Conservative party members,” he said. “I am therefore writing to seek your urgent clarification on the proper application of ‘purdah’ rules in such a scenario and the constitutional implications of failing to abide by those rules.”

Corbyn released the letter as No 10 refused to rule out delaying an election until the immediate few days after Brexit on 31 October if one is triggered by MPs voting down Johnson’s government and failing to form another administration. Asked by the BBC on Thursday if he would resign if he lost a confidence vote, Johnson swerved the question, and stressed the need to leave the EU on 31 October. “I think that what MPs should do and what I think they’ve already voted to do, when triggering article 50 and reconfirmed several times, is honour the mandate of the people and leave the EU on 31 October,” he said. He also insisted there was “bags of time” for the EU to “show some flexibility” and agree to ditch the Irish backstop, which he claimed could make the UK into a “satellite state” of Brussels.

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Former FBI chief Comey now communicates via The View?!

Andrew McCabe Sues DOJ, FBI Over “Politically Motivated Firing” (ZH)

Former FBI Deputy Director Andrew McCabe – flush with cash after a GoFundMe campaign raised $540,000, is the second former high-ranking FBI official to sue the Justice Department and FBI this week for what he describes as a “politically motivated firing” just days before he was set to retire with full benefits. The lawsuit describes former Attorney General Jeff Sessions and FBI Director Christopher Wray as “Trump’s personal enforcers,” who catered “to Trump’s unlawful whims instead of honoring their oaths to uphold the Constitution.” McCabe was fired after the DOJ’s Inspector General issued a criminal referral based on findings that he “made an unauthorized disclosure to the news media and lacked candor – including under oath – on multiple occasions.”

Specifically, McCabe authorized an F.B.I. spokesman and attorney to tell Devlin Barrett of the Wall St. Journal, just days before the 2016 election, that the FBI had not put the brakes on a separate investigation into the Clinton Foundation – at a time in which McCabe was coming under fire for his wife taking a $467,500 campaign contribution from Clinton proxy pal, Terry McAuliffe. Then he lied about it to the inspector general four times. In his defense, McCabe said said that his boss – former FBI Director James Comey, knew about and authorized the leak. Comey, in response, called McCabe a liar on The View, after host Megan McCain asked how he thought the public was supposed to have “confidence” in the FBI amid revelations that McCabe lied about the leak.

“It’s not okay. The McCabe case illustrates what an organization committed to the truth looks like,” Comey said. “I ordered that investigation.” Comey then appeared to try and frame McCabe as a “good person” despite all the lying. “Good people lie. I think I’m a good person, where I have lied,” Comey said. “I still believe Andrew McCabe is a good person but the inspector general found he lied,” noting that there are “severe consequences” within the DOJ for doing so.

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Child of the Fed’s policies.

Uber Loses $5.2 Billion on $3.2 Billion in Revenue (WS)

Uber’s losses have been legendary for years, ever since they were being leaked to the public while it was still a privately held company. But this takes the cake. Uber reported this evening that it had lost $5.24 billion in the quarter through June 30. The thing is, Uber reported revenues of only $3.2 billion. In other words, its net loss exceeded revenue by $2 billion. That takes some doing. Its $5.24 billion loss came on top of its $878 million loss in the first quarter. Combined, during the first half of 2019, Uber lost $6.25 billion. Total revenue for the two quarters was $6.3 billion. The chart of Uber’s “Loss from operations” – which does not include interest expense ($368 million in the first half) and “other income (expense),” such as last year’s gain from the sale of its stakes in Grab and Yandex – shows the annual totals from 2014 through 2018 and first-half total for 2019:

Lyft, Uber’s biggest competitor in the US, reported yesterday that its Q2 revenues of $867 million had generated a loss of $644 million. And that over the first half, its revenues of $1.64 billion generated a loss of $1.78 billion. You see, this phenomenon of well-established global companies with thousands of employees generating as much or more in losses than they have in revenues causes my old-school thinking to short-circuit. Uber has been around for a decade, and it has already burned through many billions of dollars in investor money to get where it is today, and there is still no functioning business model in sight.

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He’s following the polls closely.

Italy’s Matteo Salvini Calls For Fresh Elections As Coalition Fractures (G.)

Matteo Salvini, Italy’s deputy prime minister and the leader of the far-right League party, has called for a snap election, urging the prime minister to reconvene parliament to confirm that the coalition government is no longer viable. The dramatic move on Thursday came after months of fighting between the League and its coalition partners, the anti-establishement Five Star Movement (M5S). The cavernous differences between the parties were clearly exposed on Wednesday when parliament rejected a motion by M5S to block a high-speed rail project linking Italy and France. M5S has built most of its popularity on vehemently opposing the long-stalled project but was outvoted by the League and opposition parties. In a statement, Salvini, who is also Italy’s interior minister, said it was pointless continuing the government with all the quarrelling.


“Italians need certainty and a government that does things, not a ‘Mr No’,” he said. “We do not want extra seats or ministers, nor do we want reshuffles or technical governments. After this government (which has done so many good things), the only thing is elections.” Salvini said he told the prime minister, Giuseppe Conte, who does not belong to either party, to reconvene parliament straight away to “acknowledge that there is no longer a majority, as evidenced by the vote [on Wednesday] and the repeated insults against me.” Conte, who had held separate talks with Salvini and the country’s President Sergio Mattarella as the crisis deepened, said in a statement later that the interior minister doesn’t summon parliament and “it’s not up to him to dictate the steps of the political crisis.”

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You know I don’t like using inflation and deflation in this way, but the idea is obvious.

China PPI Deflation Arrives While CPI Food Inflation Soars (ZH)

On Friday, China’s National Bureau of Statistics reported that the Producer Price Index (PPI), i.e. factory prices, fell 0.3% in July from a year ago, missing the modest 0.1% decline expected by analysts. This was the first annual decline in China’s PPI in three years – since August 2016 – and just like back then, was largely the result of tumbling commodity prices which in turn depressed both manufacturing and raw material goods prices. And with oil sliding, and iron ore plunging, not to mention the whole trade war thing, it does not seem like a rebound is imminent at all.

Worse, since PPI is closely linked to corporate profitability, the decline suggests that China is badly lagging in the credit impulse arena despite having started off 2019 with a bang and some of the biggest increases in Total Social Financing on record. So what’s the big deal: China has always been able to boost inflation, all it had to do was turn on the credit spigot and inject a few trillion in new bank and shadow loans into the economy. Maybe that was the case in the past, but this time it will have a big headache, because even as PPI declined for the first time in three years, consumer prices jumped 2.8%, and coming in hotter than the 2.7% expected, were tied for the highest annual headline inflation since February 2018.

Before that one would have to go all the way to 2013 to find a hotter CPI print. A continuation of recent trends, the bulk of the inflation was the result of sharply higher food prices, which surged 9.1% Y/Y as China continues to battle the rapid spread of “pig ebola” which some expect will eradicate half of China’s entire pig population, leading to even higher prices. Sure enough, pork prices soared 27% in July from a year ago, the highest in three years, but that wasn’t even the worst of it: the prices of fresh fruit soared by 39%, the highest since 2006!

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“It will be a peaceful protest as long as the police do not show up…”

Three Days Of Protests Begin At Hong Kong Airport (BBC)

Demonstrators have gathered at Hong Kong’s airport, marking the start of three days of unauthorised rallies in the Chinese territory. Activists dressed in black sat in the arrivals hall waving banners to raise awareness among international visitors. Protests have gripped Hong Kong for weeks, beginning with anger at an extradition bill and morphing into demands for greater freedoms. The former British colony is part of China but enjoys more autonomy. It has a free press and judicial independence under the “one country, two systems” approach – freedoms activists fear are being increasingly eroded.


They have called for an independent inquiry into alleged police brutality during the protests, the complete withdrawal of the controversial extradition bill, and the resignation of Hong Kong’s leader Carrie Lam. Beijing has warned demonstrators not to “play with fire” or to “underestimate the firm resolve [of] the central government”. Demonstrators plan to stay at the airport throughout the weekend. They are waving banners written in different languages denouncing Carrie Lam and the police, and handing out leaflets with artwork explaining the recent protests. Authorities are so far tolerating the peaceful rally, which have not overly disrupted passengers. There are as yet no police at the scene. “It will be a peaceful protest as long as the police do not show up,” one demonstrator told Reuters news agency.

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Imagine the pressure the Malaysians must be under…

Malaysia Files Charges Against 17 Current, Ex-Goldman Execs Over 1MDB (AFP)

Malaysia filed criminal charges Friday against 17 current and former directors of three Goldman Sachs subsidiaries, piling further pressure on the Wall Street titan over the multi-billion dollar 1MDB scandal. Huge sums were looted from Malaysian sovereign wealth fund 1Malaysia Development Berhad in a globe-spanning fraud, which allegedly involved ex-leader Najib Razak and his inner circle. Goldman’s role has been under scrutiny as it helped arrange a series of bond issues worth $6.5 billion for the investment vehicle. Prime Minister Mahathir Mohamad re-opened investigations into the 1MDB affair last year after defeating Najib at the polls, in large part due to public anger at the scandal, and pressure has been steadily mounting on the bank since.


Announcing the latest charges, Attorney General Tommy Thomas said: “Custodial sentences and criminal fines will be sought against the accused… given the severity of the scheme to defraud and fraudulent misappropriation of billions in bond proceeds.” Goldman said in a statement it believed the charges were “misdirected” and would be “vigorously defended”. Thomas listed the names of the 17 accused, whom he said were directors of three Goldman subsidiaries in 2012 and 2013. In December, Malaysia filed charges against the units — Goldman Sachs International, Goldman Sachs (Asia), and Goldman Sachs (Singapore) — and two ex-employees.

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Everybody gather in the basement!

The Swiss Battle to Cheapen the Franc (Rickards)

One of the crucial insights in currency trading that many investors fail to grasp is that currencies don’t go to zero, and they don’t go through the roof. That’s a generalization, but an important one. Here are the qualifications: This observation applies to major currencies only — not to currencies of corrupt or incompetent countries like Venezuela or Zimbabwe. Those currencies do go to zero through hyperinflation. The observation also applies only in the short-to-intermediate run. In the long run, all fiat currencies also go to zero. Yet over a multiyear horizon, major currencies such as the dollar (USD), euro (EUR), yen (JPY), sterling (GBP) and the Swiss franc (CHF) retain value and do not go to extremes. Instead, they trade in ranges against each other.


That’s the key to successful foreign exchange trading. Trading profits are the result of catching the turning points. Stocks can go to zero when a company goes bankrupt. Enron, WorldCom and a host of dot-com stocks in the early 2000s are all good examples. Bonds can go to zero when a borrower defaults. That happened to Lehman Bros. and Bear Stearns. But major currencies do not go to zero. They move back and forth against each other like two kids on a seesaw moving up and down and not going anywhere in relation to the seesaw. The EUR/USD cross-rate is a good example. In the past 20 years, the value of the euro has been as low as $0.80 and as high as $1.60. There have been seven separate instances of moves of 20% or more in EUR/USD in that time period. But EUR/USD never goes to zero or to $100. The exchange rate stays in the range.

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Or else.

Bayer Proposes Paying $8 Billion to Settle Roundup Cancer Claims (BBG)

Bayer is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations, Bloomberg News reports. Though such an agreement may be months away, if successful it would ease investor pressure over the German drug and chemical company’s massive litigation exposure. Bayer’s shares have fallen more than one-third in the 14 months since its $63 billion acquisition of the weedkiller’s maker, Monsanto Co.

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Lawyers, PR firms, spin doctors. That’s Monsanto. Plus a handful of scientists.

Monsanto Built A Step-by-Step Strategy To Destroy My Reputation (Carey Gillam)

As a journalist who has covered corporate America for more than 30 years, very little shocks me about the propaganda tactics companies often deploy. I know the pressure companies can and do bring to bear when trying to effect positive coverage and limit reporting they deem negative about their business practices and products. But when I recently received close to 50 pages of internal Monsanto communications about the company’s plans to target me and my reputation, I was shocked. I knew the company did not like the fact that in my 21 years of reporting on the agrochemical industry – mostly for Reuters – I wrote stories that quoted skeptics as well as fans of Monsanto’s genetically engineered seeds.

I knew the company didn’t like me reporting about growing unease in the scientific community regarding research that connected Monsanto herbicides to human and environmental health problems. And I knew the company did not welcome the 2017 release of my book, Whitewash – The Story of a Weed Killer, Cancer and the Corruption of Science, which revealed the company’s actions to suppress and manipulate the science surrounding its herbicide business. But I never dreamed I would warrant my own Monsanto action plan. The company records I’ve obtained show a range of actions. One Monsanto plan involved paying for web placement of a blogpost about me so that Monsanto-written information would pop up at the top of certain internet searches involving my name.

The correspondence also discussed a need to produce “third party talking points” about me. In addition, Monsanto produced a video to help it amplify company-engineered propaganda about me and my work. I even inspired a Monsanto spreadsheet: as part of “Project Spruce”, the “Carey Gillam Book plan” lists more than 20 items, including discussion of how the company might get third parties to post book reviews about Whitewash.

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Aug 012019
 
 August 1, 2019  Posted by at 9:35 am Finance Tagged with: , , , , , , , , , , , ,  8 Responses »


Piet Mondriaan Trees by the Gein at Moonrise 1908

 

Jerome Powell Finds Another Way To Please Nobody (R.)
The Fed’s Massive Debt for Equity Swap (RIA)
Mario Draghi Lays Out Plan For A Dangerous Round Of Stimulus (Sinn)
PBOC Keeps Powder Dry After Fed Rate Cut, But More Easing Expected (R.)
Bank of England To Lean Against Market Rate Cut Bets As Brexit Nears (R.)
Capitalism Is Part Of Solution To Climate Crisis, Says Mark Carney (G.)
UK’s Biggest Financial Scandal Bites Its Biggest Bank – Again (Coppola)
Jeffrey Epstein Could Spend At Least A Year In Jail Before Trial (F.)
James Comey’s Next Reckoning Is Imminent — This Time For Leaking (Solomon)
Judge’s Ruling Throws Huge Spanner Into Assange Extradition Proceedings (Can.)
Beijing Orders Arabic, Muslim Symbols Taken Down (R.)

 

 

A lot of seemingly serious people are commenting on the bad theater the Democratic debate has become. Nothing better to do with your lives?! It doesn’t matter what any of the ‘candidates’ says or does, the DNC will pull another Bernie 2016. It’s bad theater, it’s cheap, you’re being had, and everyone who watches it should watch themselves instead.

Yeah, just like the central banks. To clean up the US economy, you have to take -most of- the Fed’s powers away. To clean up US politics, you have to burn down the DNC. Or Trump will win forever.

Jerome Powell Finds Another Way To Please Nobody (R.)

The Federal Reserve has turned. The U.S. central bank on Wednesday cut its target overnight interest cost by a quarter percentage point, to a range of 2% to 2.25%. For some, like U.S. President Donald Trump, that’s surely not enough. For others – and going by most economic statistics – it’s too much. Fed Chairman Jerome Powell has found another way to please nobody. The last federal-funds rate reduction was in 2008, as the financial crisis cut deep. It then bounced along near zero for seven years before Powell’s predecessor, Janet Yellen, oversaw the start of a period of gradual rate hikes in late 2015. Since a quarter-point hike last December, the Fed had held steady at 2.25%-2.5%, until now.

The proximate causes of the move are external – mainly the threat to economic activity from Trump’s confrontational stance on trade. It’s a telling irony that a president who claims the Fed is damping the benefits of his policies by holding rates too high is providing one of the few reasons for the U.S. central bank to cut them. Wednesday’s modest move by the Federal Open Market Committee surely won’t satisfy him. Yet seen through the lens of the Fed’s dual mandate – full employment and stable prices – everything is still humming as the longest expansion in U.S. history enters its second decade, with economic growth steady, unemployment at historic lows and inflation tame. Prices increased just 1.4% in the year to June by the personal consumption expenditures measure, released on Tuesday.

The Fed would prefer inflation nearer its 2% target but that’s a somewhat flimsy rationale for lower rates given the backdrop. A significant minority of traders, meanwhile, expected a half-point cut, according to CME data, so they’ll be disappointed, too – even though buoyant stock and credit markets are hardly crying for help. Two of Powell’s colleagues also dissented, preferring not to cut rates, so they’re unhappy for a different reason.

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As everyone is staring at a 25 bps cut, here’s where the action is. An economy distorted beyond recognition.

The Fed’s Massive Debt for Equity Swap (RIA)

Since QE began, nearly 30% of the new corporate debt issued was used for stock buybacks. Putting the pieces of the mosaic together, it is fair to say the most intense corporate debt-for-equity swap in recorded history was enabled by the Fed via monetary policy and the federal government through tax-cuts. This is symptomatic of a variety of issues that have been created by prolonged extraordinary monetary policy. In the same way that corporate behavior has been seriously altered as described above, every central bank in the developed world has undertaken even more extreme measures to foster growth, dictating that the behavior of market participants transform in some manner.


The chart below is a stark reminder of how the Fed has changed the natural order of the corporate debt market. Over the past 25 years, when corporate debt loads became onerous, investors required higher yields and wider spreads to compensate them for the added risks. Today, despite the extreme amount of corporate leverage and the low quality of corporate credit, junk spreads remain near all-time lows. As shown below and highlighted by the red arrow, the long-standing correlation between leverage and high yield spreads is broken.

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Making sure Lagarde must stick with the program. Draghi is the craziest of them all.

Mario Draghi Lays Out Plan For A Dangerous Round Of Stimulus (Sinn)

Expectations – and, for many economists, rather bad ones – have been confirmed: the European Central Bank has decided to inflate the eurozone. Following the ECB’s latest policy meeting on 25 July, the outgoing president Mario Draghi made it clear that the bank’s seemingly harmless inflation target of 1.9% will in fact be the basis for a new phase of expansionary monetary policy over the next few years. This will go well beyond the ECB’s stimulus measures to date and is likely to pose further risks to the European economy. We should remember that the Maastricht treaty assigned the ECB the single, non-negotiable goal of maintaining stable prices, which, if taken literally, would mean an inflation rate of zero.

This is very different from the mandate given to other central banks. The introduction of the euro, however, caused interest rates in southern Europe to fall, leading to an inflationary bubble that raised annual price growth to well over 2% in some countries. The ECB’s governing council then argued that the goal of price stability could not be achieved exactly and also pointed to several measurement errors that complicate policymaking. So, the authorities said, they would tolerate average inflation of up to 2% for the eurozone as a whole. The governing council did not fancy a restrictive monetary policy aimed at reducing inflation, as it gave only little weight to the risk of reducing competitiveness in some countries and did not want to slow down countries in stagnation such as Germany.

Then came the euro crisis. With inflation plummeting, the ECB turned the still-tolerable upper limit for the inflation rate into its target. Suddenly, it was argued, the bank would seek to achieve inflation of “close to, but below 2%”. Draghi even went before the television cameras to claim in all seriousness that this was the ECB’s mandate. And now, at the end of his term of office, Draghi is seeking to bind his successor, Christine Lagarde, to a council decision that will force her to aim for 1.9% inflation with a symmetrical concern about potential deviations. In plain language, this means the ECB will try to achieve this figure on average over time, netting out future above-average inflation rates with below-average inflation in recent years.

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Xi demands total control. Trump wants Powell to make him look good, Xi demands that tripled and cubed. And he gets no dissent.

PBOC Keeps Powder Dry After Fed Rate Cut, But More Easing Expected (R.)

China’s central bank kept its main policy rates on hold on Thursday, opting not to follow an overnight benchmark rate cut by the U.S. Federal Reserve as policymakers wait to see if earlier support measures start to stabilize the economy. But market watchers say continued support is still needed, and expect more modest forms of policy easing from the People’s Bank of China (PBOC) in coming months if pressure on the economy persists. Amid mounting worries about risks to global growth, the Fed lowered its benchmark rate by a quarter-point on Wednesday, as expected, but the head of the U.S. central bank ruled out a long series of cuts.


Though China’s central bank does not always follow the Fed’s moves in lockstep, some analysts had thought a token PBOC cut, likely in one of its short-term rates, was a possibility. However, no move was apparent by midday on Thursday. The PBOC refrained from daily open market operations (OMOs) early in the session, saying banking system liquidity was “reasonably ample”. “The PBOC skipped OMOs and hence there was no rate adjustment,” said Frances Cheung, head of Asia macro strategy at Westpac in Singapore. “The market may need to wait until mid-August when the next tranche of medium term lending facility (MLF) matures to see if there is any action. Arguably they can adjust policy parameters anytime, and are not constrained by any meeting schedule, but we see no pressure on OMO rates.”

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No-deal Brexit is a big headache for Carney. He still has a full three months to go after Halloween. It will be messy.

Bank of England To Lean Against Market Rate Cut Bets As Brexit Nears (R.)

The Bank of England is likely to push back on Thursday against investors who bet that it will follow other central banks and cut rates in the coming months, even as the risk of a messy Brexit darkens growth prospects. Economists polled by Reuters are almost certain that the BoE’s Monetary Policy Committee will vote 9-0 to keep rates on hold at 0.75%. But it is less clear how Governor Mark Carney will tackle the challenge posed by a possible no-deal Brexit. New Prime Minister Boris Johnson has said he will take Britain out of the European Union on Oct. 31 without a transition deal if Brussels does not rewrite the deal it hammered out with his predecessor Theresa May.


The risk of a disruptive no-deal Brexit that could push Britain into a recession means interest rate futures now price in an almost 90% chance of a 25 basis point rate cut before Carney steps down at the end of January. The U.S. Federal Reserve reduced its main interest rate by a quarter of a percentage point on Wednesday, and the European Central Bank is expected to take similar action next month, as both battle a slowdown driven by the U.S.-China trade conflict. But the BoE says Britain is a special case. Chief economist Andy Haldane highlighted last week how British rates had not risen to anything like the extent they had in the United States, while Britain’s job market and inflation were much more buoyant than in the euro zone.

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Carney wrote that article with Michael Bloomberg talking about how to make a profit off of disaster. And here again: ..there will be great fortunes made along this path aligned with what society wants.” Dangerous.

Capitalism Is Part Of Solution To Climate Crisis, Says Mark Carney (G.)

Capitalism is “very much part of the solution” to tackling the climate crisis, according to the governor of the Bank of England, Mark Carney. Challenged in an interview by the Channel 4 News presenter Jon Snow over whether capitalism itself was fuelling the climate emergency, Carney gave a strident defence of the economic system predicated on private ownership and growth but said companies that ignored climate change would “go bankrupt without question”. “Capitalism is part of the solution and part of what we need to do,” he said in the interview broadcast on Wednesday.

The economist, who previously worked for Goldman Sachs, said he recognised the costs of ignoring climate change were rising, but stressed there were increasing opportunities for “doing something about it”, and that capital would shift in this direction. “Now there is $120tn of capital behind that framework that is saying to companies: ‘Tell us how you are going to manage these risks’ – that’s the first thing,” Carney said.

“The second thing the capitalist system needs to do is to manage the risks around climate change, be ready for the different speeds of the adjustment. And then the most important thing is to move capital from where it is today to where it needs to be tomorrow. The system is very much part of the solution.” He added: “Companies that don’t adapt – including companies in the financial system – will go bankrupt without question. [But] there will be great fortunes made along this path aligned with what society wants.”

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Corrupt to the core.

UK’s Biggest Financial Scandal Bites Its Biggest Bank – Again (Coppola)

To the surprise of markets and the chagrin of shareholders, the U.K.’s largest lender, Lloyds Banking Group, has reported disappointing profits for the second quarter of 2019. And no, it’s not because of Boris Johnson’s antics or the prospect of no-deal Brexit. It’s the final flourish of a much older issue – the U.K.’s long-running PPI scandal. Lloyds has had to take an additional provision of £550m ($670m) to cover a flurry of new PPI claims. This reduced its half-year profit to a paltry £2.2bn ($2.7bn). The share price dropped 5% on the news. Mis-selling of payment protection insurance (PPI) is by far the U.K.’s biggest financial scandal.

The Financial Conduct Authority (FCA) says that since January 2011, British banks and financial institutions have paid out £37.5bn ($45.73bn) in compensation to customers who were wrongly sold PPI insurance. Lloyds Banking Group alone accounts for more than half of this total. The origins of the scandal date back to the 1990s, when financial institutions in the U.K. started selling PPI on lending products including mortgages, car loans and credit cards. PPI was meant to cover loan interest and repayments if the customer became unable to pay, for example due to illness or unemployment. As it was highly profitable for lenders and insurance companies, it was, unsurprisingly, heavily promoted. By 2005, there were an estimated 20 million PPI contracts in existence with annual gross premiums of over £5bn ($6.1bn).

PPI was expensive: premiums could raise the cost of a loan by up to 50%. And it mostly didn’t work. In 2005, the U.K.’s Citizens’ Advice Bureau (CAB) complained that there were so many exclusion clauses in the contracts and administrative barriers to claiming that many people couldn’t make successful claims. Furthermore, the CAB reported, people were being sold policies that they did not need or were unsuitable for them.

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Over a million pages of evidence. Ghislaine Maxwell must have bought an industrial scale shredder.

Jeffrey Epstein Could Spend At Least A Year In Jail Before Trial (F.)

A Wednesday court hearing determined that Jeffrey Epstein’s trial for two federal counts of sex trafficking and conspiracy will begin no sooner than June 8, 2020, while his lawyers requested more time to prepare “a case of this magnitude.” Prosecutors said in the hearing that bringing the case to trial quickly is in the public’s interest. Epstein’s lawyer, Martin Weinberg, said they expect to review more than one million pages of evidence while preparing his case. Given the large amount of evidence, Epstein’s team asked for his trial to begin in September 2020, after Labor Day.


Wednesday’s hearing was Epstein’s first court appearance after a possible suicide attempt, and a day after he was reportedly served a new lawsuit from a woman claiming he raped her as a 15-year-old. He showed no signs of injuries, specifically bruising on his neck, from the potential suicide attempt. Epstein is being held in a Manhattan jail without bail, and will likely remain there until his trial begins next year. If convicted, he could spend up to 45 years in prison.

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Horowitz was ready to go. Barr said too soon.

James Comey’s Next Reckoning Is Imminent — This Time For Leaking (Solomon)

The Justice Department’s chief watchdog is preparing a damning report on James Comey’s conduct in his final days as FBI director that likely will conclude he leaked classified information and showed a lack of candor after his own agency began looking into his feud with President Trump over the Russia probe. Inspector General (IG) Michael Horowitz’s team referred Comey for possible prosecution under the classified information protection laws, but Department of Justice (DOJ) prosecutors working for Attorney General William Barr reportedly have decided to decline prosecution — a decision that’s likely to upset Comey’s conservative critics.

Prosecutors found the IG’s findings compelling but decided not to bring charges because they did not believe they had enough evidence of Comey’s intent to violate the law, according to multiple sources. The concerns stem from the fact that one memo that Comey leaked to a friend specifically to be published by the media — as he admitted in congressional testimony — contained information classified at the lowest level of “confidential,” and that classification was made by the FBI after Comey had transmitted the information, the sources said. Although a technical violation, the DOJ did not want to “make its first case against the Russia investigators with such thin margins and look petty and vindictive,” a source told me, explaining the DOJ’s rationale.

But Comey and others inside the FBI and the DOJ during his tenure still face legal jeopardy in ongoing probes by the IG and Barr-appointed special prosecutor John Durham. Those investigations are focused on the origins of the Russia investigation that included a Foreign Intelligence Surveillance Act (FISA) warrant targeting the Trump campaign at the end of the 2016 election, the source said.

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It all hinges on Julian helping -and failing- Chelsea (Bradley) find an identity to hide behind.

Judge’s Ruling Throws Huge Spanner Into Assange Extradition Proceedings (Can.)

A US judge has ruled that WikiLeaks was fully entitled to publish the Democratic National Congress (DNC) emails, which means no law was broken. The ruling is highly significant as it could impact upon the US extradition proceedings against WikiLeaks founder Julian Assange, as well as the ongoing imprisonment of whistleblower Chelsea Manning. On 30 July, federal judge John G. Koeltl ruled on a case brought against WikiLeaks and other parties in regard to the alleged hacking of DNC emails and concluded that: “If WikiLeaks could be held liable for publishing documents concerning the DNC’s political financial and voter-engagement strategies simply because the DNC labels them ‘secret’ and trade secrets, then so could any newspaper or other media outlet.”

In other words, if WikiLeaks is subject to prosecution, then every media outlet in the world would be. The judge argued that: “[T]he First Amendment prevents such liability in the same way it would preclude liability for press outlets that publish materials of public interest despite defects in the way the materials were obtained so long as the disseminator did not participate in any wrongdoing in obtaining the materials in the first place.” Significantly, the judge added that it’s not criminal to solicit or “welcome” stolen documents, and how: “A person is entitled to publish stolen documents that the publisher requested from a source so long as the publisher did not participate in the theft.”

[..] Greg Barns, a barrister and longtime adviser to the Assange campaign, told The Canary: “The Court, in dismissing the case, found that the First Amendment protected WikiLeaks’ right to publish illegally secured private or classified documents of public interest, applying the same First Amendment standard as was used in justifying the The New York Times publication of the Pentagon Papers. That right exists, so long as a publisher does not join in any illegal acts that the source may have committed to obtain that information. But that doesn’t include common journalistic practices, such as requesting or soliciting documents or actively collaborating with a source. So this case is important in restating what is and is not protected under the First Amendment. But does it have implications for the extradition hearing? Well it certainly helps to remind the courts in the UK that the First Amendment protection is very broad.”

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Moving backward.

Beijing Orders Arabic, Muslim Symbols Taken Down (R.)

Authorities in the Chinese capital have ordered halal restaurants and food stalls to remove Arabic script and symbols associated with Islam from their signs, part of an expanding national effort to “Sinicize” its Muslim population. Employees at 11 restaurants and shops in Beijing selling halal products and visited by Reuters in recent days said officials had told them to remove images associated with Islam, such as the crescent moon and the word “halal” written in Arabic, from signs. Government workers from various offices told one manager of a Beijing noodle shop to cover up the “halal” in Arabic on his shop’s sign, and then watched him do it.


“They said this is foreign culture and you should use more Chinese culture,” said the manager, who, like all restaurant owners and employees who spoke to Reuters, declined to give his name due to the sensitivity of the issue. The campaign against Arabic script and Islamic images marks a new phase of a drive that has gained momentum since 2016, aimed at ensuring religions conform with mainstream Chinese culture. The campaign has included the removal of Middle Eastern-style domes on many mosques around the country in favor of Chinese-style pagodas. China, home to 20 million Muslims, officially guarantees freedom of religion, but the government has campaigned to bring the faithful into line with Communist Party ideology.

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May 172019
 


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

 

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

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

 

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

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

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

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

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

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

 

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

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

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

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

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

 

 

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

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

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


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

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

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


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

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


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

And then perhaps the most revealing bit.

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


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

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

 

 

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

-Dr. King

 

 

 

 

 

 

May 172019
 


Carl Bloch The transfiguration c1865

 

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

 

 

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

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

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

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

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

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

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

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

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

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

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

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Americans who want peace have nobody left to talk to.

The Liberal Embrace of War (Matt Taibbi)

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

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

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

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

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

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

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

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

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

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US intelligence agencies fighting over a fake document.

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

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


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

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Start with ending Russophobia, and take it from there.

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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


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

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But CIA wants it just the way it is.

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

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

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

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

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

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

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


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

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

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

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

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Pheww…. Saved by the bell.

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

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


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

Read more …

 

 

 

 

 

May 092019
 


James Ensor The frightful musicians 1891

 

How Julian Assange Changed Journalism (Stefania Maurizi)
Pamela Anderson’s Assange Blanket Conceals The Truth Of His Detention (G.)
China Backtracked On Nearly All Aspects Of US Trade Deal (R.)
Trump Blames Bolton For Embroiling Him In Potential Venezuelan Quagmire (Week)
Trump Predicts Dem Investigation Will Drive Him To 2020 Win (Hill)
Steele’s Stunning Pre-FISA Confession (Solomon)
Democrats Vote To Hold Attorney General Barr In Contempt Of Congress (G.)
Democrats Showing Contempt By Holding William Barr In Contempt (Turley)
Democrats Know Mueller Can’t Discuss His Report (Schoen)
James Comey Is In Trouble And He Knows It (Hill)
Time to Start Worrying About Global Corporate Debt – Bank of England (DQ)
Greek Bonds Yield Less Than Treasurys – As Irrational As In 2007 (Ashoka Mody)
The Fight to Save Wild Salmon- Have We Reached The End Of Wild? (G.)
Only A Third Of World’s Great Rivers Remain Free Flowing (G.)
Proposal To Spend 25% Of EU Budget On Climate Change (BBC)

 

 

The entire media left Assange to rot in hell. This is from a longer interview with Maurizi. It captures the essence.

How Julian Assange Changed Journalism (Stefania Maurizi)

For me it has been really shocking to witness how Julian Assange has declined in the last nine years. I have been able to see changes in Julian’s health and psychology. It was so sad, and no one could do anything. I could report on it and expose it but the other media and public opinion did absolutely nothing to make the government understand how terrible his treatment was. And all this is happening not in Russia, not in North Korea, this is happening in London, in the heart of Europe. I now realize how little we can do in our democracy.


If you look at what has happened to high-profile whistleblowers like Chelsea Manning and Edward Snowden, and an important publisher like Assange, who had the courage to publish these important revelations, what did your democracy do to save them, to treat them in a human way? Chelsea Manning was put in prison for seven years, where she tried to commit suicide twice. Now she is back in prison. Edward Snowden was forced to leave the U.S. Julian Assange has spent nine years in detainment and no one did anything. We were reporting, we were denouncing, we were exposing how seriously his health was declining. Nothing happened.

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A great example of how it’s done. I stumbled upon this in the Guardian, “Ask Hadley” by one Hadley Freemen. Yes the kind of thing men won’t read, it’s directed at women. Who in this way get told what to think of Assange. The rape smear against him from MI6 et al has been more successful than anything else in turning especially women against him. This is how. It’s vile and it’s very dirty. And this Hadley person has no qualms about throwing another woman, Pamela Anderson, under the bus to do it. Because, you know, of her reputation.

Pamela Anderson’s Assange Blanket Conceals The Truth Of His Detention (G.)

Anderson made a long comment to the handily assembled press ranks outside the jail after her visit. She talked about how horrifically unjust it was that Assange was “really cut off from everybody”, to which you can only answer: “Well then, he should be delighted, given he chose to do exactly that for the past seven years when he holed himself up in the Ecuadorean embassy.” Anderson continued: “He does not deserve to be in a supermax prison. He has never committed a violent act. He is an innocent person.”


‘Nothing makes a woman look more credible than writing “Cromwell” on a blanket and then standing outside a prison.’ Photograph: Gareth Fuller/PA

And again, Ms Anderson, one must beg to remind you that, while that may all be true, no one knows that for certain because – and apologies for bringing up this inconvenient truth yet again – he avoided extradition to Sweden to answer to crimes he is accused of by hiding out in an embassy in Knightsbridge for seven flipping years. You remember that, right? You visited him there. That place where your warrior for truth would – according to Ecuador’s UK ambassador, Jaime Marchán – leave half-eaten meals in the sink. As Andrew O’Hagan explained way back in 2014 when describing what it was like spending time with Assange: “If you asked him to do the dishes, he would say he was trying to free economic slaves in China and had no time to wash up.”


Anderson added: “He is a good man, he is an incredible person. I love him.” She clearly rather fancies herself and Assange as the 21st century’s Marilyn Monroe and Arthur Miller (as opposed to what they actually are, which is a real-life Harley Quinn and Joker from Batman: The Animated Series). Still, good for you, Pamela! Love is a wondrous thing. This column sincerely hopes you have many happy years of washing his dishes ahead of you. Anyway, just in case Anderson’s word salad was not sufficiently persuasive, she also wore a blanket emblazoned with writing that included the words “free speech”, “gagged” and “Cromwell”. Because, honestly, nothing makes a woman look more credible than writing “Cromwell” on a blanket and then standing outside a prison. Anderson is just the latest in a long and not especially noble line of people who have decided that the best way to express themselves is by writing words on their clothing.

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“The talks were so bad that the real surprise is that it took Trump until Sunday to blow up,” the source said.”

China Backtracked On Nearly All Aspects Of US Trade Deal (R.)

The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks. The document was riddled with reversals by China that undermined core U.S. demands, the sources told Reuters. In each of the seven chapters of the draft trade deal, China had deleted its commitments to change laws to resolve core complaints that caused the United States to launch a trade war: theft of U.S. intellectual property and trade secrets; forced technology transfers; competition policy; access to financial services; and currency manipulation.

U.S. President Donald Trump responded in a tweet on Sunday vowing to raise tariffs on $200 billion worth of Chinese goods from 10 to 25 percent on Friday – timed to land in the middle of a scheduled visit by China’s Vice Premier Liu He to Washington to continue trade talks. The stripping of binding legal language from the draft struck directly at the highest priority of U.S. Trade Representative Robert Lighthizer – who views changes to Chinese laws as essential to verifying compliance after years of what U.S. officials have called empty reform promises. Lighthizer has pushed hard for an enforcement regime more like those used for punitive economic sanctions – such as those imposed on North Korea or Iran – than a typical trade deal.


“This undermines the core architecture of the deal,” said a Washington-based source with knowledge of the talks. [..] Liu last week told Lighthizer and Mnuchin that they needed to trust China to fulfil its pledges through administrative and regulatory changes, two of the sources said. Both Mnuchin and Lighthizer considered that unacceptable, given China’s history of failing to fulfil reform pledges. One private-sector source briefed on the talks said the last round of negotiations had gone very poorly because “China got greedy”. “China reneged on a dozen things, if not more … The talks were so bad that the real surprise is that it took Trump until Sunday to blow up,” the source said.

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If we could get rid of Bolton and Pompeo this way, great! For now though, Trump doesn’t want to start wars, but he won’t fire the warmongers either.

Trump Blames Bolton For Embroiling Him In Potential Venezuelan Quagmire (Week)

President Trump is having second thoughts about “his administration’s aggressive strategy in Venezuela,” complaining to aides and advisers that “he was misled about how easy it would be to replace the socialist strongman,” President Nicolas Maduro, with opposition leader Juan Guadió, The Washington Post reports. “The president’s dissatisfaction has crystallized around National Security Adviser John Bolton and what Trump has groused is an interventionist stance at odds with his view that the United States should stay out of foreign quagmires.”


Officially, U.S. policy in Venezuela is the same, and last week’s failed effort to oust Maduro has “effectively shelved serious discussion of a heavy U.S. military response,” and “Trump is now not inclined to order any sort of military intervention in Venezuela,” the Post reports, citing current and former officials and outside advisers. Instead, the U.S. is settling in to wait out Maduro on the expectation he will fall on his own, with the help of U.S. sanctions. Russian President Vladimir Putin “is not looking at all to get involved in Venezuela other than he’d like to see something positive happen for Venezuela,” Trump said last week, after a 90-minute phone call with Putin. “And I feel the same way. We want to get some humanitarian aid.” U.S. officials say Russia is deeply involved in backing Maduro.

Read more …

A constitutional crisis?

Trump Predicts Dem Investigation Will Drive Him To 2020 Win (Hill)

President Trump, speaking at a rally hours after the White House invoked executive privilege to block the release of special counsel Robert Mueller’s full report, predicted congressional Democrats’ investigations would propel him to a reelection victory in 2020. Trump did not directly address his administration’s decision to defy a subpoena from House Democrats, a move that raised the specter of a constitutional crisis, but he said the party’s desire to probe his administration, campaign and businesses would backfire politically. “They want to do investigations instead of investments,” the president told a crowd of supporters at an outdoor amphitheater just steps from the Gulf of Mexico. “I think it drives us on to victory in 2020.”


Trump said Democrats’ focus on investigations is a “disgrace” and that they should instead work with him on infrastructure, lowering drug prices and improving veterans’ health care. [..] Trump mentioned Barr only in passing during the Wednesday rally but did not address the proceedings. “Now the Democrats — we have a great attorney general — now the Democrats are saying, ‘We want more.’ You know, it was going to be like, ‘We want the Mueller report.’ Now they say, ‘Mueller report? No, we want to start all over again.’”

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This will go far. This is very damning.

Steele’s Stunning Pre-FISA Confession (Solomon)

If ever there were an admission that taints the FBI’s secret warrant to surveil Donald Trump’s campaign, it sat buried for more than 2 1/2 years in the files of a high-ranking State Department official. Deputy Assistant Secretary of State Kathleen Kavalec’s written account of her Oct. 11, 2016, meeting with FBI informant Christopher Steele shows the Hillary Clinton campaign-funded British intelligence operative admitted that his research was political and facing an Election Day deadline. And that confession occurred 10 days before the FBI used Steele’s now-discredited dossier to justify securing a Foreign Intelligence Surveillance Act (FISA) warrant to surveil former Trump campaign adviser Carter Page and the campaign’s ties to Russia.

Steele’s client “is keen to see this information come to light prior to November 8,” the date of the 2016 election, Kavalec wrote in a typed summary of her meeting with Steele and Tatyana Duran, a colleague from Steele’s Orbis Security firm. The memos were unearthed a few days ago through open-records litigation by the conservative group Citizens United. Kavalec’s notes do not appear to have been provided to the House Intelligence Committee during its Russia probe, according to former Chairman Devin Nunes (R-Calif.). “They tried to hide a lot of documents from us during our investigation, and it usually turns out there’s a reason for it,” Nunes told me. Senate and House Judiciary investigators told me they did not know about them, even though they investigated Steele’s behavior in 2017-18.


One member of Congress transmitted the memos this week to the Department of Justice’s inspector general, fearing its investigation of FISA abuses may not have had access to them. Nonetheless, the FBI is doing its best to keep much of Kavalec’s information secret by retroactively claiming it is classified, even though it was originally marked unclassified in 2016. The apparent effort to hide Kavalec’s notes from her contact with Steele has persisted for some time. State officials acknowledged a year ago they received a copy of the Steele dossier in July 2016, and got a more detailed briefing in October 2016 and referred the information to the FBI.

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From what I can see, this is quite weak. Jonathan Turley explains why in the next article: “..the contempt action against Barr is long on action and short on contempt ..”

Democrats Vote To Hold Attorney General Barr In Contempt Of Congress (G.)

House Democrats voted on Wednesday to hold the US attorney general, William Barr, in contempt of Congress, citing his failure to hand over the full, unredacted version of the special counsel Robert Mueller’s report on Russian interference in the 2016 presidential election. The decision came on a day of escalating tensions between Congress and the White House. Earlier on Wednesday, the White House invoked executive privilege to block the House judiciary committee’s request for the full Mueller report and underlying evidence. Later in the day, the House intelligence committee chair, Adam Schiff, subpoenaed Barr for “documents and materials related Special Counsel Robert Mueller’s investigation, including all counterintelligence and foreign intelligence materials produced during the Special Counsel’s investigation, the full unredacted report, and the underlying evidence”.


According to a statement from Schiff’s office, the justice department must produce the documents by 15 May. The Senate intelligence committee, meanwhile, has subpoenaed Donald Trump Jr, two people familiar with the matter told the Associated Press. The panel is calling in the president’s son to answer questions about his 2017 testimony to the panel as part of its investigation into Russian election interference. It is the first known subpoena of a member of Donald Trump‘s immediate family, and a new sign that the Senate panel is continuing with its own Russia investigation even after the release of Mueller’s report on the same subject.

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Jonathan Turley is the Shapiro Professor of Public Interest Law at George Washington University and represented the House of Representatives in its successful challenge to executive actions under the Affordable Care Act..

Democrats Showing Contempt By Holding William Barr In Contempt (Turley)

The House Judiciary Committee is voting to hold Attorney General William Barr in contempt of Congress and to secure a vote of the entire House of Representatives in order to send the matter to federal court. The problem is that the contempt action against Barr is long on action and short on contempt. Indeed, with a superficial charge, the House could seriously undermine its credibility in the ongoing conflicts with the White House. Congress is right on a number of complaints against the White House, including possible cases of contempt, but this is not one of them. As someone who has represented the House of Representatives, my concern is that this one violates a legal version of the Hippocratic oath to “first do no harm.”


This could do great harm, not to Barr, but to the House. It is the weakest possible case to bring against the administration, and likely to be an example of a bad case making bad law for the House. House Judiciary Chairman Jerrold Nadler laid out the case for contempt. He raised three often repeated complaints against Barr in that he failed to release an unredacted report by special counsel Robert Mueller, allegedly lied twice to Congress, and refused to appear before the committee. Yet, notably, the only claim the committee seeks to put before a federal court is the redaction of the report. That seems rather curious since, if Barr lied or refused a subpoena as House leaders claim, it normally would be an easy case of contempt. The reason for this move is that House Democrats know both claims would not withstand even a cursory judicial review.

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David Schoen is a civil rights and criminal defense lawyer.

Democrats Know Mueller Can’t Discuss His Report (Schoen)

When Mueller accepted his appointment as special counsel, he did so fully aware of the federal regulations governing his office. The regulations make it absolutely clear that the special counsel is prohibited from discussing his report publicly. Leading members of Congress now demanding that Mueller testify know he is barred from doing so. The current special counsel regulations were passed while they were members of Congress. In 1978, Congress passed the Ethics in Government Act. It created a process for appointing special prosecutors. This is a different position from special counsels like Mueller. Under the 1978 law, Congress could mandate the appointment of a special prosecutor. Congress could remove the special prosecutor, and the special prosecutor was required to report to Congress. The executive and legislative branches were both a direct part of the process.


However, the law on special prosecutors expired and it was not renewed. In 1999, the special counsel regulations under which Mueller was appointed became law and remain in effect today. These regulations were written and heavily promoted by President Bill Clinton’s administration. They changed the 1978 law in several important ways. Under the current regulations, the special counsel does not report to Congress. Congress cannot require the appointment or removal of a special counsel. These powers and duties lie exclusively with the attorney general. Section 600.9 of the special counsel regulations backed by the Clinton administration places very limited requirements on the attorney general in regard to what he needs to provide to Congress, and he has already exceeded these requirements.

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“A strategy of insulting the executioner right before he swings his ax is an odd one but, then, Comey has a long record of odd decisions and questionable judgment.”

James Comey Is In Trouble And He Knows It (Hill)

James Comey’s planet is getting noticeably warmer. Attorney General William Barr’s emissions are the suspected cause. Barr has made plain that he intends to examine carefully how and why Comey, as FBI director, decided that the bureau should investigate two presidential campaigns and if, in so doing, any rules or laws were broken. In light of this, the fired former FBI director apparently has decided that photos of him on Twitter standing amid tall trees and in the middle of empty country roads, acting all metaphysical, is no longer a sufficient strategy. No, Comey has realized, probably too late, that he has to try to counter, more directly, the narrative being set by the unsparing attorney general whose words in front of the Senate Judiciary Committee last week landed in the Trump-opposition world like holy water on Linda Blair. Shrieking heads haven’t stopped spinning since.


And so we’ve seen Comey get real busy lately. First he penned a curious op-ed in The New York Times. Then a Times reporter, with whom Comey has cooperated in the past, wrote a news article exposing an early, controversial investigative technique against the Trump campaign in an attempt to get out front and excuse it. Next, Comey is scheduled to be encouraged on a friendly cable news “town hall.” In the op-ed, Comey trotted out his now-familiar St. James schtick, freely pronouncing on the morality of others. He sees himself as a kind of Pontiff-of-the-Potomac working his beads, but comes across more like an unraveling Captain Queeg working his ball bearings. Comey adjudged the president as “amoral.” He declared the attorney general to be “formidable” but “lacking inner strength” unlike — the inference is clear — Comey himself. A strategy of insulting the executioner right before he swings his ax is an odd one but, then, Comey has a long record of odd decisions and questionable judgment.

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[From 2008 to 2016] “the number of Chinese companies issuing bonds soared from just 68 to a peak of 1,451..”

Time to Start Worrying About Global Corporate Debt – Bank of England (DQ)

By 2016, emerging market corporations were issuing ten times more money ($711 billion) than before, much of it in hard foreign currencies (mainly euros, dollars and yen) that will prove much harder to pay back if their local currency slides, as is happening in Turkey and Argentina right now. Although bond issuance by emerging market companies declined by 29% in 2017 and remained around the same level in 2018, it is still approximately 7.5 times higher than the pre-crisis level. Much of the increase has been driven by China as it transitioned from a negligible level of issuance of corporate debt prior to the 2008 crisis to a record issuance amount of $590 billion in 2016.


During that time the number of Chinese companies issuing bonds soared from just 68 to a peak of 1,451 and the total amount of corporate debt in China exploded from $4 trillion to almost $17 trillion, according to BIS data. By late 2018 it had reached $19.7 trillion. “There has been a persistent buildup of private debt to record levels in China,” Cunliffe said. Much of this increase took place in the direct aftermath of the financial crisis. The largest increases have been in the corporate sector, mainly in state-owned enterprises. At last count, China’s corporate debt-to-GDP ratio was 153%, enough to earn it seventh place on WOLF STREET’s leaderboard of countries with the most monstrous corporate debt pileups (as a proportion of GDP), 18 places above the US. This chart compares the rise of non-financial corporate debt in China and the US:

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“Why would investors expect the euro to appreciate? [..] such a scenario is highly implausible.”

Greek Bonds Yield Less Than Treasurys – As Irrational As In 2007 (Ashoka Mody)

Yields on five-year Greek government bonds are lower than those of U.S. Treasurys — and have been this way for the past month. Yes, on 3- and 5-year bonds, Greece, with its rating deep in junk territory, pays investors less than the double-A-plus-rated U.S. government does. Italian, Portuguese, Spanish and French government bonds — also lower-rated than the U.S. — offer lower, indeed considerably lower, yields than the U.S. government does, even for 10-year maturities. Even if we stipulate that Greece’s government is, in fact, as creditworthy as the U.S. government, why would investors accept a lower yield on the Greek bond? And why are they willing to accept the even lower yields on the bonds of other eurozone governments?

One possible reason is that they expect the euro to appreciate. Despite the low eurozone bond yields, investors may expect eventually to boost their returns by selling the expensive euros and buying cheaper dollars and other currencies. Indeed, there is some basis for such a strategy. As of late April, the consensus among analysts was that the euro will appreciate significantly over the next couple of years, and more modestly thereafter; forward markets (where buyers and sellers settle the price of a future transaction in advance) support this consensus view.


But if expectations of an appreciating euro solve the low-bond-yield puzzle, they raise another, deeper puzzle. Why would investors expect the euro to appreciate? [..] such a scenario is highly implausible. Current growth forecasts point worryingly in the opposite direction. The IMF projects world economic growth to slow more markedly than it already did a year ago. Crucially, of all major economies, those in the eurozone appear to be decelerating particularly quickly.

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Fish farms kill.

Have We Reached The End Of Wild? (G.)

In salmon’s case, we have interrupted one of the most dramatic cycles of nature, the wild fish’s journey from the rivers where they spawn to the oceans where they grow and back again. The result is that fish have died, species that eat them have died, communities that depend on them have faded, the food supply has been polluted and a lot of tax dollars have been wasted. [..] In an inspired gambit, Artifishal takes a swerve into the metaphyscial, framing the salmon emergency as a question about the human soul, about what it needs – about what we need – to survive.


The contention of the film-makers is that while it may be human nature to seek dominion and control over the rest of nature, the very thing we need to survive is precisely that which defies our control, that thing which, when we seek to subjugate it, instead either slips through our nets, or is caught and dies. If we drive the wild to extinction, the film suggests, we will bring our own that much closer. “I really hope the film leaves the viewer with this disquieting question, which is, have we reached the end of wild?” said Murphy in a phone conversation near the end of a tour to promote the movie, which debuted at the Tribeca film festival after a tour of screenings in Patagonia stores. “At the outset we kept wondering if we would find a bad guy. And we didn’t. In fact, I kept feeling that the force of antagonism was us – we’re the bad guy. Because humans just are always looking out for themselves.”

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More damage from renewables. There’s no free lunch. The sooner we get that straight, the better.

Only A Third Of World’s Great Rivers Remain Free Flowing (G.)

Only a third of the world’s great rivers remain free flowing, due to the impact of dams that are drastically reducing the benefits healthy rivers provide people and nature, according to a global analysis. Billions of people rely on rivers for water, food and irrigation, but from the Danube to the Yangtze most large rivers are fragmented and degraded. Untouched rivers are largely confined to remote places such as the Arctic and Amazonia. The assessment, the first to tackle the subject on a worldwide level, examined 12m kilometres of rivers and found that just 90 of the 246 rivers more than 1,000km (621 miles) long flowed without interruption.


The scientists, whose research, published in the journal Nature, was led by Günther Grill, at McGill University in Canada, were particularly concerned to discover that only a quarter of long rivers that once flowed freely to the sea, rather than to an inland lake or other river, still had such a course. Separate research in Britain, which included the effects of smaller infrastructure such as weirs, fords and culverts, suggests that 97% of the nation’s river network has been interrupted by human-built structures. Thriving wildlife in rivers is crucial to keeping water clean but freshwater habitats were found to be the hardest hit of all the ecosystems, with wildlife populations having plunged by an average of 83% since 1970 due to dams, overuse of water and pollution.

Great rivers that flow freely are now rare in populated areas. Heavily fragmented rivers include the Danube, Nile, and Euphrates, the Paraná and Missouri in the Americas, the Yangtze and Brahmaputra in Asia, and the Darling in Australia. The Congo and Amazon were found to be among the least affected. The biggest impact comes from physical barriers created by dams, but reservoirs also seriously affect the natural seasonal flow of rivers. “It can be really freaky sometimes, when the electricity is produced one hour on, one hour off, and the river goes up and down by a metre, which is very stressful to the ecosystems downstream,” said Grill. The study estimates that there are about 60,000 large dams worldwide and 3,700 in planning or construction, in addition to millions of smaller dams.

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A cheap way to get young votes. Don’t fall for it. Thes countries fail even their Paris commitments.

Proposal To Spend 25% Of EU Budget On Climate Change (BBC)

Eight European countries have called for an ambitious strategy to tackle climate change – and to spend a quarter of the entire EU budget on fighting it. The joint statement says the EU should have net-zero greenhouse gas emissions by 2050 “at the latest”. It was signed by France, Belgium, Denmark, Luxemburg, Netherlands, Portugal, Spain, and Sweden. The group says their plan can “go hand in hand with prosperity” and “set an example for other countries to follow.” The position paper comes ahead of a major summit of European leaders in the Romanian city of Sibiu, beginning on Thursday, which will discuss the future of Europe and the EU’s strategy for the next five years. But not everyone is on board – there are 28 countries in the EU, and several of those absent from the joint position statement are significant players – including Germany.


The position of the eight countries is that climate change has “profound implications for the future of humanity” and that its impacts are already apparent – citing “the heat waves and scorching fires of last summer”. [..] “The EU budget currently under negotiation will be an important tool in this respect: at least 25% of the spending should go to projects aimed at fighting against climate change,” the paper said. Annual EU budgets have spending limits set by what is known as the multiannual financial framework (MFF). The current one allowed the EU to spend more than €900bn between 2014-2020. The eight-nation group is eyeing the next framework, which is set to cover 2021-2027. [..] At the moment, EU countries are required to cut greenhouse gas emissions by 20% from their 1990 levels by 2020, with the aim of raising that to a 40% reduction by 2030. But many are set to miss these targets – some by a wide margin.

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Apr 252019
 


M. C. Escher Relativity Lattice 1953

 

From Twitter:

Remember Spying on Trump was called “Crossfire Hurricane”? Well now it’s renamed to “Crossfire Boomerang”. BOOM. Karma!

 

 

From the moment the Special Counsel investigation into Trump-Russia collusion began, we’ve been presented with a portrait of Robert Swan Mueller III as a man of unassailable character, a straight shooter, as impartial as can be. But Mueller was director of the FBI for 12 years (2001-2013), he was the king of the spies.

Does anyone really have the idea that the people who work in US intelligence are the country’s straightest shooters? Not everybody does. For instance, not Mike Pompeo, who bluntly stated: We lied, we cheated, we stole; It’s – it was like – we had entire training courses. It reminds you of the glory of the American experiment.”

So why should we believe Mueller is a man of such unassailable character when he rose to one of the very top ranks in intelligence? It doesn’t make much sense, except of course it’s what politics and media – and intelligence- want us to believe. It may not make sense, but boy, does it work.

And then at some point obviously you have to wonder why Mueller got the Special Counsel job on May 27 2017. Because of that unassailable character, we were told at the time. But if that doesn’t apply to Pompeo, why would it be true of Mueller? And why Mueller while there were strong links to US intelligence that would obviously have to be probed by the counsel (but were not).

That brings us straight to the next question: The main issue, post-report, is not whether Trump tried to stop the Mueller probe. The main issue instead is why it was instigated to begin with. Yes, US intelligence. CIA. And then there’s yet another question: When did Mueller know there was no collusion? Not just 1 or 2 weeks before presenting his report, that’s for sure.

So when? 6 months ago? A year? Did he ever really think there was collusion? If so, based on what? The almost entrirely discredited Steele dossier? Did he have faith in that? The Mifsud-Papadoloulos-Downer connection ‘engineered’ by CIA asset Stephen Halper? Did he have faith in that? Or was the whole thing goal-seeeked from the start?

It appears very silly to assume that Mueller did not start his job with an agenda, because of the heavy involvement of his former employees and colleagues and his best friend James Comey, whose firing by Trump was one of the main reasons to start the investigation. Sounds like a very hard one to sell, but the media did a great job. Everybody bought into it.

And then the whole thing collapsed. Yes, collapsed. Because this was never about finding the truth, it was always about digging for dirt. On Trump. Think Mueller wasn’t aware of that? I own a bridge….

 

Mueller was forced to find Trump and his team not guilty on conspiracy or collusion -and obstruction. This is because he would have had to prove this, and couldn’t. But he’s left the accusations against the Russian government and Julian Assange stand. Not because he has evidence for that, but because he doesn’t have to prove them.

Nobody believes a word any Russian says anymore, thanks to the MSM and US intelligence campaign against them. As for Assange, it’s obvious what Robert Mueller has done. He’s completely ignored the one person who could have helped him find the truth -just not the dirt-. and let him rot in hell. Here’s wishing for that same hell to befall Mueller and all of his family.

There is zero chance that Mueller didn’t know his buddy and successor James Comey prevented Assange from talking with the DOJ in 2017. Neither wanted Assange’s evidence to become public, because that would have killed the Russia narrative as well as the WikiLeaks one. And then what?

Let’s make one thing clear. All that proof of Russian hacking and Russian Facebook ads? It doesn’t exist. The entire story is fictional. How do we know? Because the only source that says it is true is US intelligence. And they can not be believed. As Mueller’s investigation once again shows.

Mueller and Barr, like all of Washington -it’s a bipartisan effort-, want the narrative to remain alive that the Russians hacked and meddled in the US elections in favor of Trump, and that Julian Assange was in cahoots with them. None of which Mueller has any evidence for. And Mueller at all have no problem sacrificing Assange and Chelsea Manning while they’re at it.

Assange is not the only expert source who is silenced. The Veteran Intelligence Professionals for Sanity -VIPS- also can’t get their voice heard. People who ran US intelligence for decades are being silenced by those who succeeded them. As if they don’t exist. As if their expertise is worthless.

The evidence they offer simply doesn’t rhyme with the official narrative promoted by their successors and the CIA and FBI. Remember: Mueller only dropped in his report what he would have had to provide evidence for. The rest is still there, but that doesn’t mean it’s true.

 

One VIPS member is Larry Johnson, “former CIA Intelligence Officer & former State Department Counter-Terrorism Official, (ret.)”. Trump referenced him the other day on Twitter:

“Former CIA analyst Larry Johnson accuses United Kingdom Intelligence of helping Obama Administration Spy on the 2016 Trump Presidential Campaign.” @OANN WOW! It is now just a question of time before the truth comes out, and when it does, it will be a beauty!

And sure enough, the Guardian today described Johnson as a “conservative conspiracy theorist”. This stuff is predictable. But at least we know that while Mueller et al ignore the VIPS, Trump knows at least something about them. A few excerpts of a letter they sent to Trump last week (which he hasn’t seen, undoubtedly):

 

MEMORANDUM FOR: The President. SUBJECT: The Fly in the Mueller Ointment

[..] the Mueller report left unscathed the central-but-unproven allegation that the Russian government hacked into the DNC and Podesta emails, gave them to WikiLeaks to publish, and helped you win the election. The thrust will be the same; namely, even if there is a lack of evidence that you colluded with Russian President Vladimir Putin, you have him to thank for becoming president.

Mueller has accepted that central-but-unproven allegation as gospel truth [..] Following the odd example of his erstwhile colleague, former FBI Director James Comey, Mueller apparently has relied for forensics on a discredited, DNC-hired firm named CrowdStrike, whose credibility is on a par with “pee-tape dossier” compiler Christopher Steele. Like Steele, CrowdStrike was hired and paid by the DNC.

[..] In Barr’s words: “The Special Counsel found that Russian government actors successfully hacked into computers and obtained emails from persons affiliated with the Clinton campaign and Democratic Party organizations, and publicly disseminated those materials through various intermediaries, including WikiLeaks.

Based on these activities, the Special Counsel brought criminal charges against a number of Russian military officers for conspiring to hack into computers in the United States for purposes of influencing the election.” We are eager to see if Mueller’s report contains more persuasive forensic evidence than that which VIPS has already debunked.

“But They Were Indicted! “Circular reasoning is not likely to work for very long, even with a U.S. populace used to being brainwashed by the media. Many Americans had mistakenly assumed that Mueller’s indictment of Russians — whether they be posting on FaceBook or acting like intelligence officers — was proof of guilt. But, as lawyers regularly point out, “one can easily indict a ham sandwich” — easier still these days, if it comes with Russian dressing.

 

The VIPS mention a few times they can’t get heard. They sent Barr a letter 5 weeks ago, and never got an answer. Here they say: “.. specialists will have a field day, IF — and it is a capital “IF” — by some miracle, word of VIPS’ forensic findings gets into the media this time around.”

 

The evidence-impoverished, misleadingly labeled “Intelligence Community Assessment” of January 6, 2017 had one saving grace. The authors noted: “The nature of cyberspace makes attribution of cyber operations difficult but not impossible. Every kind of cyber operation — malicious or not — leaves a trail.” Forensic investigators can follow a trail of metadata and other technical properties. VIPS has done that.

If, as we strongly suspect, Mueller is relying for forensics solely on CrowdStrike, the discredited firm hired by the DNC in the spring of 2016, he is acting more in the mold of Inspector Clouseau than the crackerjack investigator he is reputed to be. It simply does not suffice for Mueller’s former colleague James Comey to tell Congress that CrowdStrike is a “high-class entity.” It is nothing of the sort [..] Comey needs to explain why he kept the FBI away from the DNC computers after they were said to have been “hacked.”


And former National Intelligence Director James Clapper needs to explain his claim last November that “the forensic evidence was overwhelming about what the Russians had done.” What forensic evidence? From CrowdStrike? We at VIPS, in contrast, are finding more and more forensic evidence that the DNC emails were leaked, not hacked by the Russians or anyone else — and that “Guccifer 2.0” is an out-and-out fraud. Yes, we can prove that from forensics too.

 

No Russian hacking. No Guccifer 2.0. But Mueller mentions both a lot.

Again, if Mueller’s incomplete investigation is allowed to assume the status of Holy Writ, most Americans will continue to believe that — whether you colluded the Russians or not — Putin came through for you big time. In short, absent President Putin’s help, you would not be president.

Far too many Americans will still believe this because of the mainstream-media fodder — half-cooked by intelligence leaks — that they have been fed for two and a half years. The media have been playing the central role in the effort of the MICIMATT (the Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank) complex to stymie any improvement in relations with Russia.

We in VIPS have repeatedly demonstrated that the core charges of Russian interference in the 2016 election are built on a house of cards. But, despite our record of accuracy on this issue — not to mention our pre-Iraq-war warnings about the fraudulent intelligence served up by our former colleagues — we have gotten no play in mainstream media.

Most of us have chalked up decades in the intelligence business and many have extensive academic and government experience focusing on Russia. We consider the issue of “Russian interference” of overriding significance not only because the allegation is mischievously bogus and easily disproven. More important, it has brought tension with nuclear-armed Russia to the kind of dangerous fever pitch not seen since the Cuban missile crisis in 1962, when the Russian provocation was real — authentic, not synthetic.

 

[..] We recall that you were apprised of that Memorandum’s key findings because you ordered then-CIA Director Mike Pompeo to talk to William Binney, one of our two former NSA Technical Directors and one of the principal authors of that Memorandum. On October 24, 2017, Pompeo began an hour-long meeting with Binney by explaining the genesis of the odd invitation to CIA Headquarters: “You are here because the president told me that if I really wanted to know about Russian hacking I needed to talk to you.”

[..] Binney, a plain-spoken, widely respected scientist, began by telling Pompeo that his (CIA) people were lying to him about Russian hacking and that he (Binney) could prove it. [..] As we told Attorney General Barr five weeks ago, we consider Mueller’s findings fundamentally flawed on the forensics side and ipso facto incomplete. We also criticized Mueller for failing to interview willing witnesses with direct knowledge, like WikiLeaks’ Julian Assange.

You may be unaware that in March 2017 lawyers for Assange and the Justice Department (acting on behalf of the CIA) reportedly were very close to an agreement under which Assange would agree to discuss “technical evidence ruling out certain parties” in the leak of the DNC emails and agree to redact some classified CIA information, in exchange for limited immunity. According to the investigative reporter John Solomon of The Hill, Sen. Mark Warner, (D-VA) vice chair of the Senate Intelligence Committee, learned of the incipient deal and told then-FBI Director Comey, who ordered an abrupt “stand down” and an end to the discussions with Assange.

Why did Comey and Warner put the kibosh on receiving “technical evidence ruling out certain parties” [read Russia]? We won’t insult you with the obvious answer.

Assange is now in prison, to the delight of so many — including Mrs. Clinton who has said Assange must now “answer for what he has done.” But is it too late to follow up somehow on Assange’s offer? Might he or his associates be still willing to provide “technical evidence” showing, at least, who was not the culprit?

 

VIPS can’t get their voices heard. Everyone ignores them. These are highly experienced veterans of US intelligence, whose successors, and politics, and media, simply act as if they don’t exist. And while it’s curious to see how they go out of their way NOT to create the impression that Mueller makes his “mistakes” on purpose, the gist is just that.

What this adds up to is not just that Mueller has come up with nothing in his $20-30-50 million investigation, but that he has purposely left things in his report that he has no evidence for but also doesn’t have to prove, because those he accuses cannot defend themselves. Note also that Mueller has never indicted Assange, he has only smeared him.

Mueller doesn’t just have nothing, he has less than nothing. What is left of his “findings” once the collusion and obstruction elements are gone, are things that either he himself (his team) or US intelligence has concocted out of thin air. And have you seen even one ‘journalist’ who has questioned these fantasies?

I see only ‘reporters’ more than willing to heap their own fiction on top of the report’s. They’ll grudgingly accept there’s no collusion only to run away with what can still be construed as obstruction, but not a single one questions the Russian hacking or emails or Facebook ads anymore or Assange’s involvement, though Mueller offers zero proof for any of these things. Ditto for Guccifer 2.0.

The GRU (Main Directorate of the General Staff of Russian Armed Forces, formerly the Main Intelligence Directorate) is a very advanced operation. When they hack something they leave no traces. US intelligence is just as capable of leaving GRU “traces” as the GRU itself is of NOT leaving them. The CIA is not smarter than the GRU. That’s what we’re looking at here.

How many Americans do you think there are who think this is the way to conduct investigations ostensibly aimed at truth-finding? You know, if only they knew?!

The only thing perceived as reality in America today is a bunch of fantasies designed to hide the truth. What truth there is, is left to rot in hell. What a place -and time- to live.

 

 

 

 

Apr 212019
 


Rembrandt van Rijn The deposition 1632-33

 

Yellow Vests Back In Action Despite ‘Unifying’ Notre Dame Disaster (RT)
Mueller Team Ignored Findings Of Former US Intelligence Officials (SP)
The Deep State vs. WikiLeaks (Escobar)
Julian Assange Put Through ‘Hell’ At Embassy, Says Former Diplomat (Sky)
UK PM May To Be Told To Quit By Top Conservative (R.)
London Home Prices Had Biggest Monthly Drop Since Lehman (DQ)
Battle To Save Amphibians From Global Killer Disease (G.)
Emissions From Thawing Arctic Permafrost 12 Times Higher Than Thought (Ind.)
Climate Change: The Facts – Our Greatest Threat, Laid Bare (G.)
Climate Change – The Facts (David Attenborough)

 

 

I predicted Macron would use the Notre Dame fire against the Yellow Vests, and he delivers. “We have to unify under our great leader, Me!”

Curious numbers here, 6 cops for every protester:

“The total number of people who took to the streets on Saturday reached 9,600, with 6,700 of them protesting in Paris, the Interior Ministry said.”

“Some 60,000 police officers were deployed across the country..”

Yellow Vests Back In Action Despite ‘Unifying’ Notre Dame Disaster (RT)

Yellow Vests protests brought clashes and tear gas back to the streets of Paris, despite politicians’ calls for “unity” in the wake of the Notre Dame fire. For protesters, the response to the fire only showed more inequality. Saturday’s protests mark the 23rd straight weekend of anti-government demonstrations, but the first since Notre Dame de Paris went up in flames on Monday. Officials were quick to criticize the protesters for returning to the streets so soon after the disaster. “The rioters will be back tomorrow,” Interior Minister Christophe Castaner told reporters on Friday. “The rioters have visibly not been moved by what happened at Notre-Dame.”


Joan of Arc monument, Toulouse

For many of the protesters, grief over the destruction of the 800-year-old landmark has made way for anger. With smoke still rising from Notre Dame, a group of French tycoons and businessmen pledged €1 billion to the cathedral’s reconstruction, money that the Yellow Vests say could be better spent elsewhere. “If they can give dozens of millions to rebuild Notre Dame, they should stop telling us there is no money to respond to the social emergency,” trade union leader Philippe Martinez told France 24. Some 60,000 police officers were deployed across the country, while a security perimeter was set up around Notre Dame in Paris.


A planned march that would have passed the site was banned by the authorities, but sporadic incidents of vandalism and looting took place across the city, with at least one car torched. There were also clashes between protesters and gendarmerie in the capital. The police used tear gas and water cannon to disperse the crowd, arresting 189 people, according to France Info. Yellow Vest rallies also took place in Nantes, Pau, Caen, Montbeliard, Bordeaux, Lyon and other French cities. The total number of people who took to the streets on Saturday reached 9,600, with 6,700 of them protesting in Paris, the Interior Ministry said.

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“How many of you wouldn’t be scared shitless by the head of the CIA declaring you the next target?”

Mueller Team Ignored Findings Of Former US Intelligence Officials (SP)

A group of former military and intelligence officials, Veteran Intelligence Professionals for Sanity (VIPS), conducted their own forensic tests that received a bit of attention in the United States press because they were some of the first people with prior backgrounds in government to question the central allegations of hacking into DNC servers. They asserted their examinations of the files showed DNC emails published by WikiLeaks were leaked, not hacked. However, the Mueller report makes no mention of the claims made by VIPS over the past two to three years—not even to debunk them.

The report stated, “Unit 26165 officers appear to have stolen thousands of emails and attachments, which were later released by WikiLeaks in July 2016.” But “appear to have” indicates the team did not have incontrovertible proof. They could only speculate. “The Office cannot rule out that stolen documents were transferred to WikiLeaks through intermediaries, who visited during the summer of 2016,” the report acknowledged. “For example, public reporting identified Andrew Müller-Maguhn as a WikiLeaks associate who may have assisted with the transfer of these stolen documents to WikiLeaks.”

Yet, this is wildly misleading. The source for this example is a 2018 profile of Müller-Maguhn by journalist Ellen Nakashima that was published by the Washington Post. Müller-Maguhn told Nakashima it “would be insane” for him to hand deliver sensitive files, especially when the CIA has labeled WikiLeaks a “non-state hostile intelligence service.” “How many of you wouldn’t be scared shitless by the head of the CIA declaring you the next target?,” he said.

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Comey didn’t want Assange’s knowledge to get public, because it would have killed the “Russians hacked the DNC” narrative. And that would be a threat to the whole Russiand-did-it story Mueller kept in his report. These guys are just story tellers, it’s fiction.

The Deep State vs. WikiLeaks (Escobar)

[..] it was only in 2017, in the Trump era, that the Deep State went totally ballistic; that’s when WikiLeaks published the Vault 7 files – detailing the CIA’s vast hacking/cyber espionage repertoire. This was the CIA as a Naked Emperor like never before – including the dodgy overseeing ops of the Center for Cyber Intelligence, an ultra-secret NSA counterpart. WikiLeaks got Vault 7 in early 2017. At the time WikiLeaks had already published the DNC files – which the unimpeachable Veteran Intelligence Professionals for Sanity (VIPS) systematically proved was a leak, not a hack. The monolithic narrative by the Deep State faction aligned with the Clinton machine was that “the Russians” hacked the DNC servers.

Assange was always adamant; that was not the work of a state actor – and he could prove it technically. There was some movement towards a deal, brokered by one of Assange’s lawyers; WikiLeaks would not publish the most damning Vault 7 information in exchange for Assange’s safe passage to be interviewed by the US Department of Justice (DoJ). The DoJ wanted a deal – and they did make an offer to WikiLeaks. But then FBI director James Comey killed it. The question is why. Some theoretically sound reconstructions of Comey’s move are available. But the key fact is Comey already knew – via his close connections to the top of the DNC – that this was not a hack; it was a leak.

Ambassador Craig Murray has stressed, over and over again how the DNC/Podesta files published by WikiLeaks came from two different US sources; one from within the DNC and the other from within US intel. There was nothing for Comey to “investigate”. Or there would have, if Comey had ordered the FBI to examine the DNC servers. So why talk to Julian Assange? The release by WikiLeaks in April 2017 of the malware mechanisms inbuilt in “Grasshopper” and the “Marble Framework” were indeed a bombshell. This is how the CIA inserts foreign language strings in source code to disguise them as originating from Russia, from Iran, or from China. The inestimable Ray McGovern, a VIPS member, stressed how Marble Framework “destroys this story about Russian hacking.”

No wonder then CIA director Mike Pompeo accused WikiLeaks of being a “non-state hostile intelligence agency”, usually manipulated by Russia. Joshua Schulte, the alleged leaker of Vault 7, has not faced a US court yet. There’s no question he will be offered a deal by the USG if he aggress to testify against Julian Assange. It’s a long and winding road, to be traversed in at least two years, if Julian Assange is ever to be extradited to the US.

Read more …

Moreno is a corrupt criminal.

Julian Assange Put Through ‘Hell’ At Embassy, Says Former Diplomat (Sky)

Julian Assange was always respectful but went through “hell” in the Ecuadorian embassy as officials tried to “break him down”, according to a former senior diplomat. Fidel Narvaez worked at the London embassy for six of the seven years the WikiLeaks figurehead lived there and says they became friends. Assange was evicted a few weeks ago after a change of government in Ecuador. Its new president, Lenin Moreno, publicly criticised the whistleblower and gave the impression the government ended his stay after growing tired of his alleged bad behaviour.


Assange birthday party, Ecuador embassy, July 2015

Speaking to Sky News, Fidel Narvaez disputed claims that Assange had assaulted guards, didn’t clean up after himself, didn’t take care of his pet cat and even smeared human excrement on the walls of the embassy. He said: “Julian had a respectful relationship with staff, diplomats and administrative staff. I don’t recall a single incident when he disrespected someone until I left in July 2018. “He was 100% respectful. Clean and tidy? What is clean and tidy? Did he put the dishes in the dishwasher? Probably not at weekends. Is that a crime?”


Mr Narvaez worked at the embassy in Knightsbridge in central London between 2010 and 2018 as consul and first secretary. Assange went into the embassy in June 2012 and did not leave until he was carted away by British police a few weeks ago with the agreement of the authorities in Ecuador. Mr Narvaez said: “The last year was hell for Julian in that embassy. “I was there the first months of the last year and I witnessed when Julian was told that he would no longer be allowed to have internet or access to the phone and wouldn’t be able to have visitors. “The strategy was very clear – break him down. The government didn’t know how to end the asylum and face the catastrophic historical shame for doing that.”

Read more …

Oh, that’s right, Brexit!

UK PM May To Be Told To Quit By Top Conservative (R.)

A top member of Prime Minister Theresa May’s Conservative Party will tell her in the coming week that she must step down by the end of June or her lawmakers will try again to depose her, the Sunday Times reported, without citing sources. May survived a vote of no confidence in December and although party rules mean lawmakers cannot challenge her again until a year has passed, lawmaker Graham Brady will tell her the rules will be changed unless she quits, the newspaper said.


Brady, who chairs the Conservative Party’s influential 1922 Committee of backbench lawmakers, will tell her that 70 percent of her members of parliament want her to resign over her handling of Brexit, the Sunday Times said. Britain was originally due to leave the European Union on March 29, but that deadline was pushed back to April 12 and then again to Oct. 31 as May failed to break an impasse in parliament on the terms of Brexit.

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Third world real estate.

London Home Prices Had Biggest Monthly Drop Since Lehman (DQ)

London home prices in February took their biggest one-off hit since the dark days of the last crisis, according to data published Thursday by the UK’s Office of National Statistics. The average price of a residential property in London tumbled 2% in February from January, the sharpest monthly drop since November 2008, when the City was grappling with the fallout from the Lehman Brothers bankruptcy. For the 12-month period, the average price dropped 3.8%, the sharpest year-over-year fall since August 2009, during the Global Financial Crisis. The average home in London is now worth £459,800 ($600,000), down 5.9% from the peak in July 2017:

But it’s still more than double the median UK home price (£225,000). In other words, while prices may have moderated somewhat they’re still well beyond the reach of average Londoners. Here are some more standouts from the ONS report: The slowdown is spreading out from London. Home prices in the south east of England recorded an annual decline (-1.8%) for the first time since 2011. Prices also fell in the North East and remained virtually unchanged in Yorkshire and the Humber. Home price annual growth is slowing in England; prices tick down in Scotland.


Prices did increase in a few places. Home price growth was strongest in Wales and the North West, increasing in both regions by 4.1% in the year to February 2019. It’s a very different story in the capital, which during the first decade and a half of this century enjoyed much faster home price growth than the rest of the country but which is now suffering a much sharper slowdown.The most exclusive boroughs of the city center — often referred to as Prime Central London — have been hit hardest, with prices falling an estimated 14% from their 2014 peak.

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It’s all interconnected and we are killing it all.

Battle To Save Amphibians From Global Killer Disease (G.)

Frogs, salamanders, and toads across the world are now under attack from a widening range of interacting pathogens that threaten to devastate global amphibian populations. That is the stark warning of leading zoological experts who will gather this week in London in a bid to establish an emergency plan to save these endangered creatures. “The world’s amphibians are facing a new crisis, one that is caused by attacks by multiple pathogens,” said Professor Trent Garner of the Zoological Society of London, which is hosting the conference. “We desperately need to devise strategies that can protect them.”


The golden toad of Costa Rica, which is now considered to be extinct. Photograph: Education Images/UIG via Getty Images

Thirty years ago experts noticed that amphibian populations were plunging in different areas of the world as an emerging fungal disease known as chytridiomycosis, or simply chytrid, began taking its toll of frogs and toads. At least 100 species have since been wiped off the face of the planet. These include the golden toad in Costa Rica (Incilius periglenes); the southern gastric-brooding frog of Australia (Rheobatrachus silus); and Arthur’s stubfoot toad (Atelopus arthuri) in Ecuador. Hundreds of other amphibian species have also suffered severe declines – as a result of chytrid infections.


But scientists also know chytrid is not the only cause of the amphibian deaths now occurring around the world. Another pathogen known as the ranavirus, which exists in at least four varieties, has been observed killing amphibians. In addition they found that there are at least two species of chytrid, and within these, many different genetic types.

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Nitrous oxide emissions, that is. But the article says nothing about amounts, so what to make of it? How much of the stuff is there?

Emissions From Thawing Arctic Permafrost 12 Times Higher Than Thought (Ind.)

Emissions from thawing Arctic permafrost may be 12 times higher than previously thought, scientists have discovered. Permafrost is a mix of soil, rock or sediment that has been frozen for at least two years which is mostly found in the uppermost areas where temperatures are rising more quickly than the rest of the world. When it thaws because of global warming, it releases large quantities of carbon dioxide and methane into the atmosphere, causing temperatures to rise and creating a perpetual cycle where more permafrost melts. Nitrous oxide, a third greenhouse gas nearly 300 times more potent than carbon dioxide, stays in the atmosphere for an average of 114 years, according to the Environmental Protection Agency (EPA).


It has “conventionally been assumed to have minimal emissions in permafrost regions”, according to a fresh study published in the Atmospheric Chemistry and Physics journal. However the research team behind the study, led by Harvard University scientists, has found that nitrous oxide emissions are 12 times higher than previously thought and therefore more of a threat. The group used a small plane with a probe on its nose to measure greenhouse gases over 120sqm of thawing permafrost in the North Slope of Alaska. They found that nitrous oxide emissions reached what was previously thought to be the expected yearly limit within just one month in August 2013. Nitrous oxide also poses a second threat because “up in the stratosphere, sunlight and oxygen team up to convert the gas into nitrogen oxides, which eat at the ozone”, Harvard University said in a statement.

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Attenborough trying to make up for lost time.

Climate Change: The Facts – Our Greatest Threat, Laid Bare (G.)

You sense that Our Planet was unfortunately timed for the BBC. In Climate Change: The Facts, the gloves are now not so much off as thrown to the floor in a certain rage. It’s right there in the title, bold and stark. This hour-long documentary, part of the Our Planet Matters season, is wide-ranging yet concise, easy to understand, not blighted by the ego of, say, An Inconvenient Truth, and it is designed to do for climate change denial what 2017’s Blue Planet did for single-use plastic. That’s not to say it should be Attenborough’s responsibility to get the wider public to pay attention, nor that it is down to the BBC. It isn’t.

But Climate Change: The Facts is a rousing call to arms. It is an alarm clock set at a horrifying volume. The first 40 minutes are given over to what Attenborough calls, without hyperbole, “our greatest threat in thousands of years”. Expert after expert explains the consequences of rising CO2 levels, on the ice caps, on coastal regions, on weather and wildlife and society itself. The most powerful moments are in footage shot not by expert crews who have spent years on location, but on shaky cameras, capturing the very moment at which the reality of our warming planet struck the person holding the phone.

In Cairns, Australia, flying foxes are unable to survive the extreme temperatures; rescuers survey the terrible massacre, and we learn that while 350 were saved, 11,000 died. A man and his son talk through their escape from raging wildfires, over the film they took while attempting to drive through a cavern of blazing red trees. These are horror movies playing out in miniature. It is difficult to watch even five minutes of this and remain somehow neutral, or unconvinced.

Read more …

After -how many?- too many years of silence, David Attenborough finally speaks out in his 90s. A very late wake-up. By now he’s so old, it’s not going to hurt him much, he won’t be around to see it. What if he’d done this 20-30-30 years ago? He’s THE voice on planet issues. And hey, he’s got the best camera people on the topic, so yeah, go full screen for the entire hour this doc lasts (click YouTube, bottom right corner).

Climate Change – The Facts (David Attenborough)

After one of the hottest years on record, Sir David Attenborough looks at the science of climate change and potential solutions to this global threat. Interviews with some of the world’s leading climate scientists explore recent extreme weather conditions such as unprecedented storms and catastrophic wildfires. They also reveal what dangerous levels of climate change could mean for both human populations and the natural world in the future.

Read more …

Apr 192019
 
 April 19, 2019  Posted by at 1:18 pm Primers Tagged with: , , , , , , , , , , ,  14 Responses »


Rembrandt van Rijn A woman bathing in a stream 1654

 

A dear friend the other day accused me of defending Trump. I don’t, and never have, but it made me think that if she says it, probably others say and think the same; I’ve written a lot about him. So let me explain once again. Though I think perhaps this has reached a “you’re either with us or against us’ level.

What I noticed, and have written a lot about, during and since the 2016 US presidential campaign, is that the media, both in the US and abroad, started making up accusations against Trump from scratch. This included the collusion with Russia accusation that led to the Mueller probe.

There was never any proof of the accusation, which is why the conclusion of the probe was No Collusion. I started writing this yesterday while awaiting the presentation of the Mueller report, but it wouldn’t have mattered one way or the other: the accusation was clear, and so was the conclusion.

Even if some proof were found though other means going forward, it would still make no difference: US media published over half a million articles on the topic, and not one of them was based on any proof. If that proof had existed, Mueller would have found and used it.

And sure, Trump may not be a straight shooter, there may be all kinds of illegal activity going on in his organization, but that doesn’t justify using the collusion accusation for a 2-year long probe. If Trump is guilty of criminal acts, he should be investigated for that, not for some made-up narrative. It’s dangerous.

 

Axios report[ed] that since May 2017, exactly 533,074 web articles have been published about Russia and Trump-Mueller, which in turn have generated “245 million interactions – including likes, comments and shares – on Twitter and Facebook.” “From January 20, 2017 (Inauguration Day) through March 21, 2019 (the last night before special counsel Robert Mueller sent his report to the attorney general), the ABC, CBS and NBC evening newscasts produced a combined 2,284 minutes of ‘collusion’ coverage, most of it (1,909 minutes) following Mueller’s appointment on May 17, 2017,” MRC reports

What the Mueller report says is that 500,000 articles about collusion, and 245 million social media interactions in their wake, were written without any proof whatsoever (or Mueller would have used that proof). That doesn’t mean they may not have been true, or that they can’t be found to be true in the future, it means there was no proof when they were published. They Were All Lying.

The same goes for the Steele dossier. It holds zero proof of collusion between Trump’s team and Russia. Or Mueller would have used that proof. New York Times, Washington Post, Guardian, CNN: they all had zero proof when they published, not a thing. Or Mueller would have used that proof. Rachel Maddow’s near nightly collusion rants: no proof. Or Mueller would have used that proof.

That there is no proof also means there has never been any proof. Why that is important, and how important it is, is something we’re very clearly seeing in the case concerning Julian Assange. That, too, is based on made-up stories.

I suggested a few days ago in the Automatic Earth comment section that the advent of the internet, and social media in particular, has greatly facilitated the power of repetition: say something often enough and few people will be able to resist the idea that it must be true. Or at least some of it.

If you look at the amount of time people spend in ‘their’ Facebook, the power of repetition becomes obvious. 245 million social media interactions. On top of half a million articles. How were people supposed to believe, in the face of such a barrage, that there never was any collusion?

Or that Assange is squeaky clean, both in person and in his alleged involvement in the collusion? There is only one way to counter all this: for people like me to keep pointing it out, and to hope that at least a few people pick it up.

That has nothing to do with defending Trump. It has to do with defending my own sanity and that of my readers. Of course it would have been easier, and undoubtedly more profitable, to go with the flow and load on more suspicions, allegations and accusations.

All those media made a mint doing it, and the Automatic Earth might have too. But that is not why we are here.

 

The Democrats, and the media sympathetic to them, now have seamlessly shifted their attention from Collusion to Obstruction. Which leads to a bit of both interesting and humorous logic: No Collusion? No Obstruction.

The Mueller probe would never have happened if it had been clear there was no collusion. But everyone and their pet hamster were saying there was. And there was the Steele dossier, heavily promoted by John McCain and John Brennan. Neither of whom had any proof of collusion.

The obstruction the anti-Trumpers are now aiming their arrows at consists of Trump allegedly wanting to fire Mueller and/or stopping an investigation that should never have been instigated into a collusion that never existed and was based on a smear campaign.

And now they want to impeach him for that? For attempting to stop the country wasting its resources and halt an investigation into nothing at all?

Know what I hope? That they’ll call on Mueller to testify in a joint session of Senate and Congress and that Rand Paul gets to ask him to address this tweet of his:

“Rand Paul: BREAKING: A high-level source tells me it was Brennan who insisted that the unverified and fake Steele dossier be included in the Intelligence Report… Brennan should be asked to testify under oath in Congress ASAP.”

And why Mueller refused to go talk to Assange, who offered actual evidence that no Russians were involved. Or how about these stonkers:

“Undoubtedly there is collusion,” Adam Schiff said. “We will continue to investigate the counterintelligence issues. That is, is the president or people around him compromised? … It doesn’t appear that was any part of Mueller’s report.”


Preet Bharara: “It’s clear that Bob Mueller found substantial evidence of obstruction.”

There’ll never be such a joint session, the Democrats want to play a home game in Congress. So there will have to be a separate session in the Senate. No doubt that will happen. Trump was right about one thing (well, two): 1) A special Counsel fcuks up a presidency, and 2) this should never happen to another president again.

Not that I have any faith in Capitol Hill, mind you. Because they will agree, and they will agree on one thing only, as Philip Giraldi stipulates once more:

Rumors of War – Washington Is Looking for a Fight

[..] even given all of the horrific decisions being made in the White House, there is one organization that is far crazier and possibly even more dangerous. That is the United States Congress, which is, not surprisingly, a legislative body that is viewed positively by only 18 per cent of the American people. A current bill originally entitled the “Defending American Security from Kremlin Aggression Act (DASKA) of 2019,” is numbered S-1189.


It has been introduced in the Senate which will “…require the Secretary of State to determine whether the Russian Federation should be designated as a state sponsor of terrorism and whether Russian-sponsored armed entities in Ukraine should be designated as foreign terrorist organizations.”

And that brings us back to Robert Mueller’s investigation into hot air, which, while it entirely eviscerates even the notion of collusion, still contains accusations against Julian Assange and ‘the Russians’.

Why does he leave those in, when there was no collusion? It’s dead simple. Because unlike accusations against Trump, he doesn’t have to prove them. Which is why I will not stop saying, as I first did some 10 weeks ago, that Robert Mueller Is A Coward And A Liar.

Again, this has nothing to do with defending Trump, it’s about defending and maintaining my own sanity and yours, and the rule of law.

As I said back then about Mueller refusing to talk to Assange, and James Comey in 2017 making sure the DOJ didn’t either :

Every single American should be alarmed by this perversion of justice. Nothing to do with what you think of Trump, or of Assange. The very principles of the system are being perverted, including, but certainly not limited to, its deepest core, that of every individual’s right to defend themselves. Just so Robert Mueller can continue his already failed investigation into collusion that has shown no such thing, and which wouldn’t have been started 20 months ago if we knew then what we know now.

Get off your Trump collusion hobby-horse, that quest has already died regardless, and start defending the legal system and the Constitution. Because if you don’t, what’s to keep the next Robert Mueller from going after you, or someone you like or love? It’s in everyone’s interest to demand that these proceedings – like all legal proceedings- are conducted according to the law, but in Mueller’s hands, they are not.

And that should be a much bigger worry than whether or not you like or dislike a former game-show host.

I’ve said this before as well: I’ll always defend Julian Assange, but I won’t defend Donald Trump. Is that clear now?

 

 

Apr 112019
 


William Hogarth Humours of an Election, Plate 2 1754

 

 

While we’re republishing articles about the newly arrested Julian Assange, in his honor, here’s one on the role the press has played in his ordeal. And will undoubtedly continue to play. What does it say about a society that you have to hold not only the government, but also the press to account?

We originally published this essay on August 17 2018.

 

 

Two thirds of Americans want the Mueller investigation (inquisition, someone called it) over by the midterm elections. Trump lawyer Rudy Giuliani has said that if Mueller wants to interview Trump, he’ll have to do so before September 1, because the Trump camp doesn’t want to be the one to unduly influence the elections. Mueller himself appears to lean towards prolonging the case, and that may well be with an eye on doing exactly that.

And there’s something else as well: as soon as the investigation wraps up, Trump will demand a second special counsel, this time to scrutinize the role the ‘other side’ has played in the 2016 presidential election and its aftermath. He’s determined to get it, and he’ll fire both Jeff Sessions and Rod Rosenstein if they try to stand in his way.

There have of course been tons of signs that it’s going to happen, but we got two significant ones just the past few days. The first is the termination of John Brennan’s security clearance. It looks impossible that no additional clearances will be revoked. There are more people who have them but would also be part of a second special counsel’s investigation. That doesn’t rhyme.

The second sign is Senator Rand Paul’s call for immunity for Julian Assange to come talk to the US senate about what he knows about Russian involvement in the 2016 election. Obviously, we know that he denies its very existence, and has offered to provide evidence to that end. But before he could do that, a potential deal with the DOJ to do so was torpedoed by then FBI chief James Comey and Senator Mark Warner.

Both will also be part of the second investigation. Rand Paul’s motivation is simple: Assange’s testimony could be a very significant part of the process of figuring out what actually happened. And that should be what everybody in Washington wants. Question is if they all really do. That’s -ostensibly- why there is the first, the Mueller Russian collusion, investigation. Truth finding.

But Mueller doesn’t appear to have found much of anything. At least, that we know of. He’s locked up Paul Manafort on charges unrelated to collusion, put him in isolation and dragged him before a jury. But don’t be surprised if Manafort is acquitted by that jury one of these days. The case against him seemed a lot more solid before than it does now. A jury that asks the judge to re-define ‘reasonable doubt’ already is in doubt, reasonable or not. And that is what reasonable doubt means.

 

But it wasn’t just Brennan and Comey and Peter Strzok and Lisa Page and all the rest of them in the intelligence community who played questionable roles around the election and the accusations of Russian meddling in it. The American media were also there, and very prominently. Which is why when 300 papers publish editorials pushing against Trump ‘attacking’ the media, you can’t help but -wryly- smile.

Why does Trump attack the press? Because they’ve been attacking him for two years, and they’re not letting go. So the press can attack the president, but he cannot fight back. That’s the rationale, but with the Mueller investigation not going anywhere it’s a hard one to keep alive.

There are three reasons for the behavior of the New York Times, WaPo, MSNBC, CNN et al. The first is political, they’re Democrat hornblowers. The second is their owners have a personal thing against Donald Trump. But these get trumped by the third reason: Trump is their golden goose. Their opposition makes them a fortune. All they need to do is publish articles 24/7 denouncing him. And they have for two years.

That puts the 300 papers’ editorials in a strange light. Many of them would have been fighting for their very lives if not for anti-Trump rhetoric. All 300 fit neatly and easily in one echo chamber. And, to put it mildly, inside that chamber, not everyone is always asking for evidence of everything that’s being said.

It’s not difficult to whoop up a storm there without crossing all your t’s. And after doing just that for 2 years and change, it seems perhaps a tad hypocritical to claim that you are honest journalists just trying to provide people with the news as it happened.

Because when you’ve published hundreds, thousands of articles about Russian meddling, and the special counsel that was named to a large degree because of those articles, fails to come up with any evidence of it, it will become obvious that you’ve not just, and honestly, been reporting the news ‘as it happened’. You have instead been making things up because you knew that would sell better.

And when the second special counsel starts, where will American media be? Sure, it may not happen before the midterms, and you may have hopes that the Democrats win those bigly, but even if that comes to pass (slim chance), Trump will still be president, and the hearings and interviews won’t be soft and mild. Also, there will be serious questions, under oath, about leaks to the press.

 

Still, whichever side of this particular fence you’re on, there’s one thing we should all be able to agree on. That is, when we get to count how many of the 300 editorials have actually mentioned, let alone defended, Julian Assange, and I’ll bet you that number is painfully close to zero, that is where we find out how honest this defense of the free press is.

If for you the free press means that you should be able to write and broadcast whatever you want, even if it’s lacking in evidence, as much of the Russiagate stuff obviously is, and you ‘forget’ to mention a man who has really been attacked and persecuted for years, for publishing files that are all about evidence, you are not honest, and therefore probably not worth saving.

Julian Assange and WikiLeaks are the essence of the free press. A press that is neutral, objective, fearless and determined to get the truth out. The New York Times and CNN simply don’t fit that description -anymore-. So when their editors publish calls to protect free press, but they leave out the one person who really represents free press, and the one person who’s been tortured for exactly that, you have zero credibility.

Sure, you may appear to have credibility in your echo chamber, but that’s not where real life takes place, where evidence is available and where people can make up their own minds based on objective facts provided by real journalists.

You guys just blew this big time. You don’t care about free press, you care about your own asses. And the second special counsel is coming. Good luck. Oh, and we won’t forget your silencing of Assange, or your attacks on him. If you refuse to do it, WE will free the press.