May 242022
 
 May 24, 2022  Posted by at 8:27 am Finance Tagged with: , , , , , , , , ,  No Responses »


Giovanni Bellini Pietà 1474

 

We’re in It Now for Sure (Kunstler)
False Russia Collusion Story Began And Ended With Hillary Clinton (JTN)
FBI Alfa-Bank Inquiry Based On DOJ ‘Referral’ That Came From Sussmann (WE)
Durham Puts FBI Investigators On Stand (JTN)
What It Means That Hillary Clinton Did It (AT)
A Major National Embarrassment Is Being Hidden From Ukrainians (Storozhenko)
UK Backs Lithuania’s Plan To Lift Russian Blockade Of Ukraine Grain (G.)
A Breakdown Of The Ukraine Aid Bill (Semler)
In Davos, Ukrainians Host “Russian War Crimes House” (Y!)
Republicans Will Target ‘Public Health Bureaucrats’ When In Majority (JTN)
Pfizer Moves to Dismiss Lawsuit From COVID-19 Vaccine Trial (ET)
Supermarkets Could Soon Urge You Not To Use Cash Or Card To Pay (MEN)
Albanese Squandering Leverage on Assange (Lauria)

 

 

 

 

Tulsi

 

 

 

 

Build Back Amish.

We’re in It Now for Sure (Kunstler)

Lately, a new derangement is overtaking Western Civ, for the excellent reason that Western Civ gave birth to techno industrial societies and is now first to undergo the alarming demise of that system. I speak of the World Economic Forum (under one Klaus Schwab) and its stated ambition to Build Back Better — based on its unstated premise that the current system must be nudged to its death sooner rather than later, and on-purpose. All the governments of Western Civ nations seem coordinated on this. But it’s not going to happen as Mr. Schwab and his followers hoped, for at least a couple of reasons. First, as already stated, God is a prankster and likes to throw knuckleballs at the human race.

Anyway, the “better” that Mr. Schwab expects is an ultra-techno-industrial “trans-human” scheme that is unlikely to come about if the support system of the older techno-industrial system is no longer available to support it. As currently conceived, BBB depends on electric power, and that is one of the major sub-systems of our system that already looks like it’s going janky. You get the idea, I’m sure, so I’ll cut to the chase for now. About a year ago I had my French easel set up on a country road nearby and was busy painting a motif at-hand when along came a horse-drawn wagon filled with four men in severe black-and-white clothing, wearing beards.

They were apparently a bit surprised by the strange sight of me painting a picture and they stopped to chat. They were Amish and had lately moved to the county from down in Pennsylvania, which was running out of farmland for their fruitful people. Not a half-hour later a second horse-drawn wagon passed by. I admit, the incident gave me a thrill — not just the sensory pleasure of the horses’ ripe animal smell, and the gentle rhythm of their clip-clopping along. But since I had lately been writing a bunch of novels about life in a post-economic collapse town like my own (the World Made by Hand series), I enjoyed the strange delight of being transported briefly into a scene of my own imagining — the prequel of my own books.

Many more Amish are landing in the county these days. I hear they go around to the failing or inactive farms with bundles of cash and make an offer, just like that. Evidently the method works. It’s given me a business idea: to start an Amish skills school, buy a few acres with a barn and hire some Amish men to teach all us non-Amish how to do a few things that might be good to know in the years ahead, like how to harness horses to a cart or a mule to a plow. (The Amish like to make a bit of cash-money when they can.) That’s my idea of how to build back better. What do you think?

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Put Obama on the stand as well.

False Russia Collusion Story Began And Ended With Hillary Clinton (JTN)

In an era where the hunt for disinformation has become a political obsession, Hillary Clinton has mostly escaped having to answer what role she played in spreading the false Russia collusion narrative that gripped America for nearly three years. On Friday, that dodge ended with a most unlikely witness: her former campaign manager Robby Mook, who was supposed to be a witness helping the defense of her former campaign lawyer Michael Sussmann on a charge of lying to the FBI. Instead, under cross-examination by Special Counsel John Durham’s team, Mook was forced to concede two extraordinary facts. First, the Clinton campaign wasn’t “totally confident” about the accuracy of computer data suggesting Donald Trump had a secret communications channel to the Kremlin via Russia’s Alfa Bank.

And second, Hillary Clinton herself personally approved spreading the story to the news media, despite the concerns about its accuracy. “I discussed it with Hillary as well,” Mook testified. “I don’t remember the substance of the conversation, but notionally, the discussion was, hey, we have this and we want to share it with a reporter,” Mook said. Prosecutors asked Mook if Clinton approved leaking the story to the media. “She agreed,” Mook testified. The testimony confirms what CIA Director John Brennan told President Barack Obama secretly in July 2016 and what the CIA later told the FBI two months later: There was intelligence that Clinton had approved a plan to dirty up Trump with Russia allegations to distract from her own email server scandal.

Kevin Brock, the FBI’s former assistant director for intelligence, called Mook’s revelation a “startling piece of testimony, particularly since he was a defense witness.” “On the surface it looks like a major victory for John Durham,” Brock said. “Don’t forget he’s trying to paint an overall picture here. Sussmann is just one pixel on that photo. “The trial is the vehicle that Durham is using to help bring out the truth, to tell a story of a political campaign that in two instances pursued information that was totally fabricated or at least misinterpreted with the Alfa Bank connection to Trump and use that disinformation to mislead the American voter,” he added.

Slowly over six years, the Russia collusion story has been exposed for what it was: a three-legged political dirty trick in which highly credible figures with deep law enforcement, intelligence and news media ties were paid by the Clinton campaign to flood the FBI, the CIA and the public with unproven allegations that Trump was secretly colluding with Russia to steal the election from Clinton.

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Who investigates the FBI?

FBI Alfa-Bank Inquiry Based On DOJ ‘Referral’ That Came From Sussmann (WE)

The FBI opened a full-fledged counterintelligence investigation into since-debunked Trump-Russia collusion claims just four days after Michael Sussmann pushed the allegations to the bureau. The electronic communication marking the opening of the investigation cited a “referral” from the Justice Department rather than saying the Alfa-Bank allegations came from a lawyer for Hillary Clinton’s 2016 presidential campaign. The opening communication, titled “Alfa Bank,” was authored by FBI agents Curtis Heide and Allison Sands, both of whom may testify this week, and the investigation initiated on Sept. 23, 2016, four days after Sussmann’s meeting with FBI General Counsel James Baker.

Sussmann was indicted in September for allegedly concealing his clients — Clinton’s 2016 presidential campaign and “Tech Executive-1,” former Neustar executive Rodney Joffe — from Baker when he pushed since-debunked claims of a secret back channel between the Trump Organization and Russia’s Alfa-Bank. Sussmann has pleaded not guilty. Sussmann had worked at the Justice Department in the past, and testimony from Baker last week stated that he had a badge that allowed him access to the FBI. The case identification was “Alfa Bank, Russia — Contacts / Agents, Sensitive Investigative Matter,” and the opening document said it “documents the opening of a Full Field Investigation into the network communications between a U.S.-based server and the Russian ALFA BANK organization.” Enclosed was a “White Paper.”

“On or about September 19, 2016, FBI received a referral of information from the U.S. DEPARTMENT OF JUSTICE, detailing an unusually configured email server in Pennsylvania belonging to the TRUMP ORGANIZATION,” the FBI wrote in September 2016. “In that referral, the DEPARTMENT OF JUSTICE provided the FBI with a white paper that was produced by an anonymous third party. According to the white paper, a U.S.-based server that is owned by the TRUMP ORGANIZATION has been communicating with the Russian-based ALFA BANK organization in Moscow, Russia.”

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Trying to cover their asses.

Durham Puts FBI Investigators On Stand (JTN)

In the trial of former Clinton campaign lawyer Michael Sussmann, prosecutors on Monday called two FBI witnesses who testified that clarity regarding the source of allegations of a secret hotline between the Trump Organization and Russia’s Alfa Bank would have influenced the bureau’s investigative approach to the now-debunked collusion allegations. Special Counsel John Durham alleges Sussmann lied to former FBI General Counsel James Baker in September 2016 when he said he was not representing any clients as he fed the bureau information purportedly revealing a Trump Organization backchannel to Moscow through Russia’s Alfa Bank. At the time, Sussmann was a partner at the Perkins Coie law firm and representing the Democratic National Committee and a tech company executive, according to the prosecution.

Sussmann has pleaded not guilty to the charge of making a false statement to the FBI. As part of its effort to substantiate the materiality of Sussmann’s alleged lie to the FBI, the prosecution brought FBI agent Ryan Gaynor and former FBI agent Allison Sands to the witness stand on Monday. Both were involved in the investigation into the Alfa Bank allegation Gaynor testified that had he known Sussmann was representing the DNC, he likely would not have volunteered to assist in the investigation. He also said that if Sussmann was paid by the DNC or the Clinton campaign, it might have impacted how the investigation was opened and the close-hold he says was placed on Sussmann’s identity, which prevented him from being able to discuss it with the Chicago branch.

Sands testified that she was informed the investigation began with a referral of information from the Department of Justice. Only later did she find out that the information actually came from then-FBI General Counsel James Baker. After that, she eventually learned that an anonymous third party gave Baker the data. Sands said that knowing the source of the information would have helped her assess its credibility. Sands explained that believing the information came from the DOJ gave it more weight than if someone just walked into the FBI with the data. She said that if the information hadn’t come through the Justice Department, then she didn’t know if it would have triggered a full investigation.

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“..the Clinton-Obama attempted takeover of the government. (Call it the COAT campaign.)”

What It Means That Hillary Clinton Did It (AT)

[..] the Journal explained how the Clinton campaign used the self-generated news of the investigation and the initial Slate article that came of it, both of which they had planted, as the basis for making tweet after tweet to the press about the Slate report to churn up mass coverage about it in the press and convince the public that the investigation was about something serious.

The concluding paragraphs of the editorial are worth quoting in full: “In short, the Clinton campaign created the Trump-Alfa allegation, fed it to a credulous press that failed to confirm the allegations but ran with them anyway, then promoted the story as if it was legitimate news. The campaign also delivered the claims to the FBI, giving journalists another excuse to portray the accusations as serious and perhaps true. Most of the press will ignore this news, but the Russia-Trump narrative that Mrs. Clinton sanctioned did enormous harm to the country. It disgraced the FBI, humiliated the press, and sent the country on a three-year investigation to nowhere. Vladimir Putin never came close to doing as much disinformation damage.”

The harm done to the United States by the perfidy of the Clintonistas cannot be overemphasized. That “three-year investigation to nowhere” represented the Clinton-Obama attempted takeover of the government. (Call it the COAT campaign.) With congressional Republicans unwilling to prevent the COAT campaign, the Trump administration was blocked from putting U.S.-Russia relations on a rational, mutually beneficial footing, to the point that, under the present Senate leadership, the specter of war with Russia is no longer an unthinkable thought. The COAT campaign succeeded in keeping the Ukraine pot boiling, with the water first heated by Obama’s stirring up of anti-Russian feelings in Ukraine, leading to the Maidan revolution that ousted the legitimately elected president of Ukraine, Viktor Yanukovych.

A political opposition ready to lie about Donald J. Trump, supported by a media prepared to believe the worst about Mr. Trump has given us the current reality where the deep state is using NATO as an instrument to humiliate Russia, and Republican leaders in Congress are going along with the plans of the deep state to make the globe an unsafe place except for the globalist hegemony. Most of the press will indeed ignore disclosure of the source of the baseless accusations of Trump-Russia collusion — it is no accident that the New York Times ignored the Mook testimony in its May 20 editions. It is, moreover, unlikely that the press will be humiliated by its mendacious coverage of Hillary Clinton; the media, on the contrary, wears its mendacious coverage of Clinton and the anti-Trump neo-totalitarians as deserving of journalistic honors.

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“Not an evacuation, not an exit, not an “extraction”, but captivity.”

A Major National Embarrassment Is Being Hidden From Ukrainians (Storozhenko)

The myth of heroic 82 day defense is already actively promoted by Ukrainian media, even though since late March that defense consisted largely of Azovite efforts to break out of the trap. First on helicopters, then with the help of Macron and Erdogan. And recently they’ve tried to involve everyone who came to mind: Israel, UN, Doctors Without Borders, the Pope, and Elon Musk. In the end, on May 16 and 17 we saw what we were fated to see. Some of the Azovites and AFU soldiers came out of Azov Steel underground, existed using the corridor specified by Russia’s military, were searched and sorted (the wounded to hospitals, the rest to filtration points) and…went into captivity.

Not an evacuation, not an exit, not an “extraction”, but captivity. A simple Russian word, though not a merry one. But that’s what we saw. The Ukrainian viewer saw and was told something entirely different. The Ukrainian language also contains a word for captivity. But Ukrainian media try to avoid it at all costs. Azov’s commander was actually the first. Already on the evening of May 16, as if anticipating questions, he said he’s implementing a decision by top military authorities. OK, but what decision? We know, but Ukrainians viewing his statement in a Telegram channel could not understand a thing and said as much. Then came Zelensky. He mentioned the AFU, UN, ICRC, and at the end: “…soldiers were transported to occupied territory for future exchange.”

Who did the transporting? Not a word about that. But instead we learned this is called an “operation to preserve the lives of Azov Steel defenders.” Russians think they took someone prisoner. But in reality there’s an ongoing military operation, so stop panicking. And it’s not just any operation. No, it’s an operation by Ukraine’s military intelligence (that’s how it was officially reported)! These announcements were picked up by not only Kiev-controlled media but also the most authoritative (well, until recently) world media platforms, including CNN. They also don’t use the word “captivity”, only “evacuation”!

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The craziest plan to date.

UK Backs Lithuania’s Plan To Lift Russian Blockade Of Ukraine Grain (G.)

Britain has backed in principle a proposal by Lithuania for a naval coalition “of the willing” to lift the Russian Black Sea blockade on Ukrainian grain exports. The Lithuanian foreign minister, Gabrielius Landsbergis, proposed the plan during talks with the UK foreign secretary, Liz Truss, on Monday in London. “Time is very very short. We are closing in on a new harvest and there is no other practical way of exporting the grain except through the Black Sea port of Odesa,” he told the Guardian. “There is no way of storing this grain and no other adequate alternative route. It is imperative that we show vulnerable countries we are prepared to take the steps that are needed to feed the world.”

Landsbergis proposed that a naval escort operation – not run by Nato – could protect the grain ships as they headed through the Black Sea and past Russian warships. He suggested that, apart from Britain, countries that were affected by the potential loss of grain such as Egypt could provide the necessary protection. “What we have seen now is just the beginning. The worst is yet to come in the next five to seven weeks when the first harvest arrives and there is no place to put it, so that means people in northern Africa, the Middle East and south-east Asia will be paying exorbitant prices for wheat, corn and the other commodities they need to put food on their table”. He said Ukraine needed to export 80m tonnes of wheat alone this year and the only option was through Odesa,.

His plan, under gestation for weeks, would require demining parts of the Black Sea to ensure safe passage, as well as the agreement of Turkey, which guards the entrance to the Black Sea. “This would be a non-military humanitarian mission and is not comparable with a no-fly zone,” he said. “In this endeavour military ships or planes or both would be used to ensure that the grain supplies can leave Odesa safely and reach the Bosphorus without Russian interference. We would need a coalition of the willing – countries with significant naval power to protect the shipping lanes, and countries that are affected by this”.

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More such bills will follow.

A Breakdown Of The Ukraine Aid Bill (Semler)

Joe Biden signed a bill over the weekend that provides $40.1 billion in emergency funding for Ukraine. The Senate passed it on Thursday and the House had passed the thing the week before. It was a bit touch and go in the Senate following an objection by Rand Paul (R-KY), but all told the legislation practically flew through Congress, at least by Washington’s standards: Biden submitted the funding request to Congress on April 28 and it was sent back to his desk just three weeks later. Based on the bill text, I counted $40.1 billion worth of provisions; $24.6 billion for military programs and $15.5 billion for non-military ones.

Not all of the funding provisions are for aid. The money for for the Department of Treasury and Department of Justice to seize and track Russian assets aren’t, for example, and neither are a portion of the funding for the Pentagon to develop and procure weapons. Moreover, a good bit of the included appropriations covers the operating expenses and overhead of US agencies implementing the aid and not for the aid itself, like for the deployment and hazard pay of US troops to eastern Europe or extra operating expenses for USAID. Of the provisions that are unmistakably for military and non-military aid, it’s tough to say how much will end going to Ukraine, for two reasons. First, there’s a “…and other countries” suffix following most of the major economic, humanitarian, and military assistance provisions.

Second, the bill raises the legal limit on existing authorities that allow the executive branch to authorize additional aid transfers, which could raise the top line amount given to Ukraine (and/or other countries). I estimate that for-profit military contractors will derive about $17.3 billion in revenue from the bill, which exceeds the total amount of non-military aid included in the legislation ($15.5 billion). This doesn’t mean that the money going to military contractors isn’t going to Ukraine. It’s just that giving military aid to Ukraine (or wherever) means giving money to military contractors. The funds given to the Pentagon by Congress through the bill are generally to provide Ukraine either with goods (weapons, equipment) or services (logistical support, intelligence, training). Military contractors get paid by the Pentagon for both, to varying extents.

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Welcome to the WEF.

In Davos, Ukrainians Host “Russian War Crimes House” (Y!)

With Russians banned from Davos, their den in the Swiss mountain resort was taken over by Ukraine and given a new name: “Russian War Crimes House”. The “Russia House” was traditionally used by Russians to hold events and network during the annual World Economic Forum in the Swiss Alps. But organisers excluded them from the meeting of the world’s business and political elite following Moscow’s invasion of Ukraine. Instead of a place to entertain, the house with red shutters on Davos’ main street is now used by Ukrainians to display the atrocities the say Russia is committing. It features photos of cemeteries, people in body bags, a bloodied hand on a pavement, a child in a respirators in a hospital, a baby in a soldier’s arms, buildings in ruins.

Ukrainians are using the building to hold several events during the four-day Davos summit as part of efforts to win more support against Russia, three months after the invasion began. “If we tell the story of this tragedy as wide as possible, maybe it will save some lives,” said Ukrainian oligarch Viktor Pinchuk, whose foundation is among the organisers of the event. After the presentation at the “House of Russian War Crimes”, Ukrainian President Volodymyr Zelenksy used the WEF congress to plead for more weapons for his country, and more sanctions against Russia. A parade of Ukrainian lawmakers and officials attended other events on the summit’s first day to hammer home the need for weapons and sanctions to defeat Russia.

At the “Russian War Crimes House”, the goal is to bring attention to the alleged atrocities committed by Russia. Next to the photos, an entire wall is covered by a map that lists the “war crimes” committed by Russia. On top, a toll as of May 6: 4,177 civilians killed, including 226 children, and 4,378 wounded, including 417 children.

WEF

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Promises promises.

Republicans Will Target ‘Public Health Bureaucrats’ When In Majority (JTN)

Republicans plan on holding public health bureaucrats such as Dr. Anthony Fauci accountable after the 2022 midterm elections, according to a Republican Study Committee (RSC) memo on Monday from Chairman Jim Banks (R-Ind.). While many of the left’s COVID-19 policies “went unchallenged… public health authorities soon started issuing nonsensical, contradictory directives and embracing partisan rhetoric,” according to the memo. “If Congress fails to hold the Fauci clique accountable, and fails to reform public health agencies, we will be giving far-left bureaucrats a blank check to shut the country down whenever they want,” Banks said. “We need to send a message that the restrictions, the mandates and the school closures can never happen again.”


Republicans are likely to take back the House and gain what Banks has claimed will be a “historic majority.” As the RSC is the largest ideological congressional caucus, Banks’ memo may be a preview into GOP actions after midterms. “Holding partisan public health bureaucrats accountable should be a major oversight priority for House Republicans after 2022,” he wrote in the 4-page RSC memo. “Leftists have abused Americans’ willingness to make sacrifices for public health. They have sought to define everything from racism to policing to gun rights to the minimum wage as public health issues,” he noted. Republicans plan on reigning in the CDC’s “mission creep” by refocusing the agency on emergency public health response and requiring it to “be transparent,” among other things. The GOP will also consider restoring the basic science mission at the National Institutes of Health, which oversees Dr. Fauci and his National Institute of Allergy and Infectious Diseases department.

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Laws do not apply to Pfizer.

Pfizer Moves to Dismiss Lawsuit From COVID-19 Vaccine Trial (ET)

Pfizer has asked a U.S. court to throw out a lawsuit from a whistleblower who revealed problems at sites that tested Pfizer’s COVID-19 vaccine. Brook Jackson, the whistleblower, alleged in a suit that was unsealed in February that Pfizer and associated parties violated clinical trial regulations and federal laws, including the False Claims Act. In its motion to dismiss, Pfizer says the regulations don’t apply to its vaccine contract with the U.S. Department of Defense because the agreement was executed under the department’s Other Transaction Authority (OTA), which gives contract holders the ability to skirt many rules and laws that typically apply to contracts. That means that Jackson’s claim that Pfizer must still comply with the Federal Acquisition Regulations “is simply wrong,” Pfizer said.

Warner Mendenhall, a lawyer who is working on Jackson’s case, said in a recent interview that Pfizer has “clearly not followed federal procurement laws.” “And now they’re saying, ‘of course we didn’t follow federal procurement laws, we didn’t have to—this was just for a prototype,’” he added. Mendenhall, who declined an interview request, said lawyers for Jackson are working on figuring out legal ways to counter Pfizer’s argument. “We may lose on this issue because their contract imposes … none of the normal checks and balances on quality control and consumer protection that we fought for decades in this country,” he said. [..] The government agreed to pay up to $1.9 billion for 100 million doses of the COVID-19 vaccine pending U.S. regulatory clearance.

That included the manufacturing of the vaccine on top of researching and developing it. The contract was granted under the “prototype” provision, which falls under the OTA. The rules for prototypes state that just one of four conditions must be satisfied. The condition that was satisfied in the Pfizer contract was the involvement of a “nontraditional defense contractor.” Federal law defines nontraditional defense contractors as “an entity that is not currently performing and has not performed” a contract or subcontract for the Department of Defense for at least one year preceding the solicitation of the OTA agreement. Pfizer has dozens of contracts with the military.

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How to cancel people completely.

Supermarkets Could Soon Urge You Not To Use Cash Or Card To Pay (MEN)

Supermarket giants across the UK could soon ask shoppers to ditch cash and card payments, and instead use their face or fingerprints at the checkout. A trial is in place to increase shopper security at the tills, though some may see it as a step closer to a cashless society. Mastercard is trialling a biometric payment system that could see customers just use their face rather than contactless cards, smartphones or PINs. Shoppers would be able to smile or wave a hand at a scanner to pay for their shopping. It is understood that a customer would be able to scan their face or fingerprint using a supermarket’s smartphone app and link their likeness to a bank card. Payments Card and Mobile website says it would work in a similar way to Apple’s facial ID.

The Telegraph reports how Mastercard, the payments company, wants to roll the programme out worldwide for small and large retailers. Ajay Bhalla, the president of cyber and intelligence at Mastercard, was quoted in the Telegraph as saying: “The way we pay needs to keep pace with the way we live, work and do business, offering choice to consumers with the highest levels of security. Our goal with this new programme is to make shopping a great experience for consumers and merchants alike, providing the best of both security and convenience.” A pilot programme is currently under way in Brazil at five St Marche supermarkets in Sao Paolo. More trials are also planned for Asia and the Middle East.

The biometric facial recognition software would lead to shorter queues, be more hygienic than tapping in a pin, and less vulnerable to fraud linked to credit and debit cards, Mastercard said. It said: “No more fumbling for your phone or hunting for your wallet when you have your hands full – the next generation of in-person payments will only need a quick smile or wave of your hand. The trusted technology that uses your face or fingerprint to unlock your phone can now be used to help consumers speed through the checkout. With Mastercard’s new Biometric Checkout Programme, all you will need is yourself.”

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A vassal state.

Albanese Squandering Leverage on Assange (Lauria)

Anthony Albanese, the newly-elected Australian prime minister, has what might be the best opportunity he will ever have to exchange Julian Assange’s freedom for Australia’s continued cooperation with U.S. aims in the Pacific region. Albanese is set to have his first bilateral meeting on Tuesday with U.S. President Joe Biden after a Quadrilateral Security Dialogue (Quad) summit in Tokyo, when the leaders of the four nations — Australia, India, Japan and the U.S. — meet to discuss relations with China. But in remarks made on Monday before he even left for Japan, Albanese already said his Labor government is fully on board with the Quad’s agenda, as the previous government of Scott Morrison had been. Perhaps more importantly, Albanese said Australia would sign on to Biden’s just announced creation of a new, 13-nation Asian economic bloc aimed at opposing China’s economic dominance in the region, according to reports in The Australian and The Sydney Morning Herald.

Biden had only just announced the new bloc on Monday. Even before he was sworn in, Albanese apparently told Biden about Australia joining the bloc during a telephone conversation they had on Sunday as Biden flew to Japan. Albanese was quoted in The Australian as saying that “he would ‘send a message to the world that there’s a new government in Australia’, while reassuring partners there would be “continuity in the way that we have respect for democracy and the way that we value our friendships and long time alliances.” Albanese also spoke with British Prime Minister Boris Johnson. The Herald reported:

“Albanese spoke to UK counterpart Boris Johnson while flying to Tokyo on Monday. A spokesman described the conversation as friendly and positive. The discussion with Johnson included a commitment from Albanese to support the AUKUS alliance on nuclear submarines and talks on climate change.” Apparently asking for nothing in return, Albanese gave away the store to Biden and Johnson, not even raising Assange’s name, according to these reports. He had the leverage of asking Biden to drop the case and Johnson to block the extradition in exchange for continuity from the Morrison government on AUKUS, the Quad, and on joining Biden’s new economic bloc. Of course, not everything discussed between the leaders was reported. There remains an outside chance Albanese did raise Assange. But there has been no movement on Assange after Albanese gave Biden and Johnson what they wanted.

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Dec 152021
 


Otto Dix Ice drift 1940

 

Latest VAERS Estimate: 388,000 Americans Killed By The Covid Vaccines (Kirsch)
Covid Boosters May Be Needed Every 6 Months To Protect Against Omicron (G.)
Minimal Cross-over Between Mutations Associated With Omicron Variant (bioRxiv)
Young People 40 Times More Likely To Die From Vaccines Than From COVID (GGI)
The FDA Approves Boosters For Minors Without Doing Any Testing (TF)
Why is Covid-19 Vaccination of Children an Unforgivable Sin (VanDen Bossche)
South Africa’s Omicron Outbreak Already “Running Out of Steam” (SN)
Spike-Only Vaccine a Colossal Blunder: Vaccine Escape Due to Vaccination (PR)
They’ll Use the Welfare State to Get Compliance on Vaccine Mandates (Mises)
Between the Forceps and the Stone (Malone)
Omicron Unleashes New Wave of Hysteria, With Rule by Decree in Force
The Pandemicists Must Be Stopped (eugyppius)
I Chart in your General Direction (Rudolph Rigger)
Pfizer Jab Prevents 70% Of Hospitalizations In South Africa (ZH)
Davos’ Last Stand Flops at the Box Office (Luongo)
Vatican Court Judge: Gates & Soros Use Covid To Impose ‘Total Control’ (RT)
UK Restaurants And Pubs Fear 40% Cut In Christmas Takings (G.)

 

 

“Isn’t it fascinating that the direction has always been towards more fear, and never towards calming things down?”

 

 

In South Africa “..the percentage of people who die from a COVID infection has dropped significantly since the arrival of Omicron…”

 

 

“Omicron may be, in fact, a better vaccine than anything cooked up by Pfizer, Moderna or even the Russians.”

 

 

A huge amount of material today. And a creeping feeling that we need to step up our game. We get held back all the time by the one-sided, one-dimensional “reporting” in the mainstream media, but it has become too dangerous not to counterbalance that.

When everyone starts inoculating kids, while the jabs are of no benefit to them, but a great risk, we have gone too far. And are very much responsible for them.

The real information is out there, and out here at TAE, but it’s prohibited from reaching people.

 

 

 

 

Louisiana nurse

 

 

Steve Kirsch bases his report on VAERS data: “As of Dec 14, 2021, there are 9,136 deaths reported into VAERS..”

However, OPENVAERS.com numbers for Dec 3: “19,886 COVID Vaccine Reported Deaths”. (And 1,803,081 adverse events).

That means deaths could be twice what Kirsch says. Which accidentally would bring it to about 800,000, the exact number that is being reported for total US deaths from Covid. But that, we know, is bogus, it makes no difference between death FROM and death WITH Covid.

It’s time we sort this out.

Latest VAERS Estimate: 388,000 Americans Killed By The Covid Vaccines (Kirsch)

Wayne [at VAERS Analysis did an under-reporting factor (URF)] computation using death data in CMS. This overcomes any objections about the validity of using anaphylaxis rates as a proxy for death rates. The VAERS URF he computed was 44.64. This seems reasonable to me. It’s really not far from the 41 I calculated. Also, Wayne subsequently looked at the numbers for 9 states. The average value was 40, not far from the 41 I calculated from anaphylaxis. I had one of my team members double check his numbers. No mistake. Now, let’s see what that means. As of Dec 14, 2021, there are 9,136 deaths reported into VAERS. If we subtract out more than twice the total number of deaths reported in any previous year (to be super conservative about estimating background deaths):

So our new best estimate of the number of “excess deaths” caused by the vaccine is 388,000. Because there isn’t a plausible mechanism of excess death other than the vaccine (certainly our “always vigilant” CDC has never suggested an alternate cause), the process of elimination leads us to conclude the obvious: that these excess deaths were, in fact, caused by the vaccine. This should really be a surprise to anyone paying attention to the clinical trials. For example, in the Pfizer trial, you were much more likely to die if you got the vaccine than if you got the placebo. They simply forgot to mention that in the abstract of the paper (and they were incapable of accurately counting the number of deaths in each group as well). In short, the vaccine is a killing machine.

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There is nothing that points to this. Instead, omicron may well be the booster that ends Covid.

We cannot be sure yet, but that’s at least as likely as it becoming some mass killer.

Covid Boosters May Be Needed Every 6 Months To Protect Against Omicron (G.)

A third booster Covid-19 vaccine dose will be essential to get high protection against symptoms from the Omicron variant and it appears likely the variant will become the dominant strain in Australia, virologists from the Kirby Institute say. The new data from the Kirby Institute comes as Covid-19 case numbers in New South Wales jumped again on Wednesday to 1,360, 25 of them are the Omicron variant. There are now 89 Omicron cases in NSW. The researchers also said Covid boosters may be required every six months to protect against the variant. Virologists from the Kirby Institute presented new data on Wednesday after growing the Omicron variant in a laboratory and testing how it responded to various samples, including from the fully vaccinated, from those who had recovered from the virus but were unvaccinated, and those who had recovered from the virus and also received two vaccine doses.

The data has now been sent to all chief health officers across Australia. An associate professor in the institute’s immunovirology and pathogenesis program at the University of NSW, Stuart Turville, said the laboratory obtained samples from the first two people identified with the Omicron variant in Australia. They had arrived into Sydney from Doha and were fully vaccinated. Despite their vaccination status, they were as infectious as unvaccinated people, Turville said. “We knew previously that Beta was the most [vaccine] evasive variant we have come across, in terms of potency at inhibiting infection,” he said. “Omicron was flatline … we saw zero protection with the antibodies from double-vaccinated donors … irrespective of the type of vaccine. We don’t need to talk about AstraZeneca or Pfizer, both of them are zero.”

However, he said it was likely those two travellers had a poor vaccine response and this did not mean two doses of the vaccines offered zero protection against any infection from Omicron. Data from South Africa released overnight suggested protection from infection was 33% for those who are double-dosed, similar to the Kirby data which predicts 37%.

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Marty Makary: “T-Cell immunity is strong and effective against Omicron. This is the most significant (and overlooked) scientific paper of the entire Omicron saga. The fixation on antibody levels has diverted attention away from comprehensive immunity, including cellular.”

Minimal Cross-over Between Mutations Associated With Omicron Variant (bioRxiv)

Abstract There is a growing concern that ongoing evolution of SARS-CoV-2 could lead to variants of concern (VOC) that are capable of avoiding some or all of the multi-faceted immune response generated by both prior infection or vaccination, with the recently described B.1.1.529 (Omicron) VOC being of particular interest. Peripheral blood mononuclear cell samples from PCR-confirmed, recovered COVID-19 convalescent patients (n=30) infected with SARS-CoV-2 in the United States collected in April and May 2020 who possessed at least one or more of six different HLA haplotypes were selected for examination of their anti-SARS-CoV-2 CD8+ T-cell responses using a multiplexed peptide-MHC tetramer staining approach.

This analysis examined if the previously identified viral epitopes targeted by CD8+ T-cells in these individuals (n=52 distinct epitopes) are mutated in the newly described Omicron VOC (n=50 mutations). Within this population, only one low-prevalence epitope from the Spike protein restricted to two HLA alleles and found in 2/30 (7%) individuals contained a single amino acid change associated with the Omicron VOC. These data suggest that virtually all individuals with existing anti-SARS-CoV-2 CD8+ T-cell responses should recognize the Omicron VOC, and that SARS-CoV-2 has not evolved extensive T-cell escape mutations at this time.

Importance The newly identified Omicron variant of concern contains more mutations than any of the previous variants described to date. In addition, many of the mutations associated with the Omicron variant are found in areas that are likely bound by neutralizing antibodies, suggesting that the first line of immunological defense against COVID-19 may be compromised. However, both natural infection and vaccination develop T-cell based responses, in addition to antibodies. This study examined if the parts of the virus, or epitopes, targeted by the CD8+ T-cell response in thirty individuals who recovered from COVID-19 in 2020 were mutated in the Omicron variant. Only one of 52 epitopes identified in this population contained an amino acid that was mutated in Omicron. These data suggest that the T-cell immune response in previously infected, and most likely vaccinated individuals, should still be effective against Omicron.

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“.. the risk of death from vaccination in people over the age of 20 can be up to 40 times greater than for Covid-19..”

Young People 40 Times More Likely To Die From Vaccines Than From COVID (GGI)

A major Japanese medical bulletin has warned that the risk of dying from the COVID-19 vaccine for people in their 20s maybe 40 times higher than the disease itself. It was found that the risk of death of the vaccine might even be as astronomically high as 40 times more for the young, This was claimed by a review in the latest issue of Med Check which is a bimonthly bulletin published by the Japan Institute of Pharmacovigilance (NOPJIP) as a member of the International Society of Drug Bulletins (ISDB). Regarding the reported deaths of individuals between the ages of 20 and 29 within one or two weeks after receiving the vaccination, Med Check estimates the death rate for that age at 3.2 deaths per each million doses administered.

One of the deaths apparently caused by the vaccine included the death of a 27-year-old professional baseball player. The player, after eight days of getting the COVID vaccine, collapsed and later died post a month long hospital battle. The bulletin suggested that the death toll could potentially be higher, partly because the Japanese government only requires reports of suspected injuries within 28 days of the vaccination. As of October 15, the Japanese Ministry of Health, Labour and Welfare had received a total of 1,308 reports of deaths from COVID vaccination. According to Med Check, in Japan, the risk of a fatal reaction to the vaccine, despite having just three cases, is much higher than the risk of contracting the virus for young adults, who have a 0.6 to 0.8 per million chance of dying from the disease. As of June 2021, only 7 of the 11.8 million Japanese in their 20s had died from COVID-19, and by mid-August, 10 had died.

Med Check found that the risk of dying from the vaccine was seven times higher in June and almost five times higher by August 11 compared to the risk of coronavirus infection. Over the course of several years, the risk of death from vaccination in people over the age of 20 can be up to 40 times greater than for Covid-19. Med Check also noted that there had been no COVID-19 deaths under the age of 20 in Japan until September 2021. “If children in this age group are vaccinated, it may cause death,” the bulletin warned. “Even if children and adolescents and people in their 20s are infected, it is naturally mild or asymptomatic because they have less SARS-CoV-2 receptor ACE2 than adults especially old people. It is ridiculous to consider vaccination for school children.”

According to a disturbing new study, social distancing, facemaks and other such COVID rules are responsible for causing a 23% decline in children’s cognitive abilities. The study also found a similar reduction in the development of children’s communication skills, both verbal and nonverbal.

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They’ve been doing this for two years now. The consequences will be beyond devastating.

The FDA Approves Boosters For Minors Without Doing Any Testing (TF)

Late last week, on December 9, the FDA approved the Emergency Use Authorization (EUA) for the Pfizer COVID-19 vaccine, “authorizing the use of a single booster dose for administration to individuals 16 and 17 years of age.” The booster is to be given at least 6 months after vaccination. Before we get to the data the FDA cited in the booster for kids aged 16-17, let’s go through the facts: COVID-19 is not a threat to teenagers aged 16-17. On October 25, we warned that the FDA was about to approve an experimental COVID-19 vaccine for children. It seemed unnecessary to give the EUA Pfizer vaccine to minors, as CDC data showed that for children aged 5-11 years-old, there have been 1.8 million COVID-19 cases and only 138 deaths. Even the CDC concedes that “children are less likely to develop severe illness or die from COVID-19.”

The Pfizer vaccine is particularly dangerous for young men aged 16-17. As we observed back in October, teenage boys are especially at risk for heart problems – like myocarditis – after getting the Pfizer vaccine: “Boys between 16 and 19 years of age had the highest incidence of myocarditis after the second dose . . . The risk of heart problems in boys of that age was about nine times higher than in unvaccinated boys of the same age.” New York Times. The risk of myocarditis for boys 16 – 19 years old is higher after the Pfizer second dose. What happens after the third dose?? That’s a good question. One would rightly assume that the third dose might present more danger of heart problems than the second dose. But FDA doesn’t have the answer to this question. And why doesn’t it have the answer?

Because the FDA didn’t look. Because the FDA conducted ZERO tests in this age bracket before approving the latest Pfizer booster for this age bracket. Instead, the FDA relied on prior (old) booster data from a study of “200 participants, 18 through 55 years of age.” Choosing to ignore the long-term data for the efficacy of the Pfizer booster shot, the FDA instead reviewed the old data showing “the antibody response against the SARS-CoV-2 virus one month after a booster dose of the vaccine.” That’s it. That’s the rigorous studies that now meet FDA standards. Given the self-imposed and purposeful limitations the FDA has placed on its own own information, it has the audacity to conclude:

“The benefits of a single booster dose of the Pfizer-BioNTech COVID-19 Vaccine or Comirnaty outweigh the risks of myocarditis and pericarditis in individuals 16 and 17 years of age to provide continued protection against COVID-19 and the associated serious consequences that can occur including hospitalization and death.”

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Geert deserves much more scrutiny.

Why is Covid-19 Vaccination of Children an Unforgivable Sin (VanDen Bossche)

This is an extract of Geert Vanden Bossche’s interview with Doctors for Life Philippines, where he talks about the importance of the natural immune system for children, and why mass vaccination in children is unforgivable.

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“..the percentage of people who die from a COVID infection has dropped significantly since the arrival of Omicron…”

South Africa’s Omicron Outbreak Already “Running Out of Steam” (SN)

Data coming out of South Africa indicates that the Omicron outbreak of COVID-19 is already “running out of steam,” and according to one expert, “the world has nothing to fear.” “Cases in the province of Gauteng – which had surging infections from November – appear to be levelling off, while seven-day infections in Tshwane, one of the early epicentres, are now “relatively flat,” states a report written by the Telegraph’s science editor. “Case growth is steeper than last week but still has slowed down versus November,” said Louis Rossouw, of the Covid-19 Actuaries Response Group. Data also shows that the percentage of people who die from a COVID infection has dropped significantly since the arrival of Omicron.

“With the delta variant, around three per cent of infections – one in 33 – were resulting in death, but now that figure has slumped to 0.5 per cent – one in 200 – the lowest it has been throughout the pandemic in South Africa and 10 times lower than in September last year,” states the report. According to Peter Streicher, a research associate at the University of Johannesburg, death data has already caught up with infection data and there is no significant rise in deaths from Omicron. “Omicron is extremely mild. The rest of the world has nothing to fear,” said Streicher. As we highlighted earlier, the South African doctor who first discovered Omicron says “Britain is overreacting” by imposing more draconian restrictions and that the panic “is out of all proportion to the risks posed by this variant.”

Doctor Angelique Coetzee also suggested that lockdowns to stop the spread of the variant would harm the opportunity that Omicron provides to reach “herd immunity.” Authorities in the UK have also refused to reveal any further information behind what is believed to be the world’s first Omicron death. Professor Karol Sikora has accused the government of creating “unnecessary alarm,” while asserting the victim probably had co-morbidities and was elderly or died with Omicron and not from it.

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“..vaccine-breakthrough and antibody-resistant mutations will increase transmission once most people are carrying antibodies through either vaccination or infection..”

Spike-Only Vaccine a Colossal Blunder: Vaccine Escape Due to Vaccination (PR)

Now a new study has found the specific mutations by which the SARS-CoV-2 lineages have escaped the vaccine. The study, which is behind a paywall (US$40), reports that these mutations lead to less infectivity compared to the original SARS-CoV-2, but, according to the authors, “can disrupt existing antibodies that neutralize the virus”. That sounds like disease enhancement to me. “By tracking the evolutionary trajectories of vax-resistant mutations in more than 2.2 million SARS-CoV-2 genomes, we reveal that the occurrence & frequency of vax-resistant mutations correlate strongly with the vaccination rates in Europe and America.”

Their analysis went well beyond mere correlation of the rise of the vaccine-resistant variants and vaccination rates. Specifically, these authors had previously predicted the precise amino acid location in the receptor binding domain (RBD) at which vaccine escape variation would likely emerge as a result of targeting the spike protein with vaccines. Now that we see those specific amino acid residue positions changing, and, importantly, changing in ways that alter infectivity, the evidence is strong that the rise in these mutations was caused by the vaccination program.

They wrote: “(I)n early 2020, we successfully predicted that residues 452 and 501 ‘have high changes to mutate into significantly more infectious COVID-19 strains’. In the same work, we hypothesized that ‘natural selection favors those mutations that enhance the viral transmission’ and provided the first evidence for infectivity-based natural selection. In other words, we revealed the mechanism of SARS-CoV-2 evolution and transmission based on very limited genome data in June 2020. Additionally, we predicted three categories of RBD mutations: (1) most likely (1149 mutations), (2) likely (1912 mutations), and (3) unlikely (625 mutations).19 To date, almost all of the RBD mutations we detected fall into our first category.3,20 Moreover, all of the top 100 most observed RBD mutations have a BFE change greater than the average BFE changes of -0.28 kcal/mol.”

The BFE measurement is a very strong predictor of infectivity to the ACE2 receptor in humans. What this means to the authors is that vaccine-breakthrough and antibody-resistant mutations will increase transmission once most people are carrying antibodies through either vaccination or infection. The authors call for use of this information in vaccine programs (!). That, of course, will lead to further selection pressure. What this means to me is that the infamous “new variants” Delta and Omicron variants have the mutations in the RBD [to] now make all existing spike-only vaccines obsolete.

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Of course they will. Ryan McMaken at the Mises Institute presents this as a Democrat issue in the US, and it may be that to an extent, but in Europe, welfare states pur sang, left and right both use these tools to control people.

They’ll Use the Welfare State to Get Compliance on Vaccine Mandates (Mises)

A Democratic state lawmaker in Illinois has introduced legislation requiring unvaccinated residents to pay out-of-pocket for healthcare services. It’s all part of an effort to come up with new and creative ways to punish people who refuse to get the covid jab. WBBM Radio in Chicago reports: “[Jonathan] Carroll’s legislation would amend the state’s insurance code so that “a person who is eligible to receive a COVID-19 vaccine and chooses not to be vaccinated shall pay for health care expenses out-of-pocket if the person becomes hospitalized because of COVID-19 symptoms.” In other words, Carroll is trying to ensure that the unvaccinated will be denied health insurance for covid treatments, even in cases where private insurance is already bought and paid for.

Moreover, intervening in private insurance won’t even be necessary in many cases, since one-third of the population is already receiving government-funded healthcare. This policy is quite remarkable coming from a progressive like Carroll. After all, for decades, we’ve been hearing from the Left that “healthcare is a human right” and that it must be provided to anyone and everyone at taxpayer expense. Anything short of universal state subsidized healthcare, we’ve been told, is unacceptable. Yet, apparently, the mandatory vaccine advocates—found largely on the left, of course—are so obsessed with forcing mandatory vaccines on the entire population that they’re now looking for ways to deny people healthcare.

But we should have seen this coming. Until recently, the Left has also claimed it wants universal employment and a “chicken in every pot.” But since the Biden administration hatched the idea of tying employment to vaccines earlier this year, advocates of vaccine mandates now want to you be destitute and jobless if you refuse the jab. The same mandate pushers have also cleverly engineered their vaccine mandates to ensure that should you be fired for refusing the shot, you’ll be ineligible for unemployment insurance. Although the mandates are being forced on employers in many cases, state policymakers have concluded that termination for refusing the vaccine constitutes being fired “for cause.” This makes it possible to deny unemployment insurance to these dissenters.

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“Please protect them, and do not ask them to make sacrifices with their health on your behalf. You know this is wrong. So do the right thing.”

Between the Forceps and the Stone (Malone)

According to the latest CDC data, more than 60% of the total US population has been vaccinated, and about 45% of the entire population has already been infected by the virus, recovered, and developed natural immunity. The elderly are heavily vaccinated. The vaccines do not prevent you from becoming infected, replicating high levels of virus, and spreading infection to others. I will say it again- the elderly are highly vaccinated. The problem is that the vaccines are not doing what they are supposed to do- prevent infection and spread of the virus. This is even more the case with the Omicron variant. So what to do? Start jabbing children who, unless they have other major problems, shrug off COVID-19 disease like they do most other RNA respiratory viruses?

Or start allowing physicians to treat COVID-19 patients in the outpatient setting to prevent them from ever getting to the hospital setting where (almost exclusively in USA alone) they are immunosuppressed with high levels of Dexamethasone, placed into a coma-like state and hooked up to a ventilator, and treated with Remdesivir (which is clearly toxic and mimics many of the toxicities of the virus)? This is madness. And it reflects a profound arrogance on the part of the Pharma-Govie-World Health elite. They assert that they understand immunology, virology, and evolutionary biology so well that they can freely tinker with the lives of our children using an experimental technology and rushed vaccine product which is neither safe nor effective based on standards and bioethical consensus that have been developed and applied over decades.


They believe that they can inject novel unproven technology and improve the highly evolved human immune system that has developed over millennia to resist respiratory RNA virus pressure. Arrogance is the kindest term I can think of. None of us are immortal. Despite the objectives of the transhumanism agenda. Death cannot be avoided. We pass through this world, and hopefully leave it a bit better when we are gone. Our children are the only true legacy, the only real form of immortality. Please protect them, and do not ask them to make sacrifices with their health on your behalf. You know this is wrong. So do the right thing. And take this seriously. Think long and hard before taking an action that can never be undone.

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“A ruling on Monday by an increasingly erratic Supreme Court that refused to block a New York State requirement that all health-care workers be vaccinated—even if they claim a religious exemption—will only add to the chaos.”

Omicron Unleashes New Wave of Hysteria, With Rule by Decree in Force

Just over a year ago, president-elect Joe Biden promised a “very dark winter” ahead in the face of COVID-19, and told the nation he would “spare no effort to turn this pandemic around once we’re sworn in on Jan. 20. It’s time to put aside the partisanship and the rhetoric designed to demonize one another,” Biden said. “It’s time to end the politicization of basic, responsible public health steps like mask-wearing and social distancing.” Now here we are, 13 months later, in the runup to the shortest day of the year and the start of a third season of “pandemic” panic: how’s that working out for you, America?

After a year of nothing to show for a fruitless battle against a bug that can’t be defeated, Biden has rolled out another more-of-the-same “plan” involving more vaccination mandates on private companies (even though the federal courts are shooting such mandates down on a regular basis), jabbing healthy, crying children, demanding more booster shots of vaccines already proven not to work as initially advertised, and re-instituting travel bans at the drop of a letter of the Greek alphabet. Bonus points: recent tests indicate that Pfizer and AstraZeneca vaccines are nearly useless against the latest new variant, Omicron. Speaking of which—thanks to an increasingly irresponsible media—Omicron has now terrified the civilized world, setting off cries for more lockdowns and general harum-scarum, even though the international “death toll” of this bug is so far a grand total of… one (maybe).

But that hasn’t stopped the hysterical British prime minster, Boris Johnson, from instantly decreeing “Plan B,” which include work-from-home orders, face-mask mandates, and proof of vaccination in large public venues. An even more oppressive “Plan C” is just around the corner. That Johnson is in the middle of his own scandal involving himself and his aides flouting and mocking the very rules they’re imposing on ordinary Britons is entirely coincidental. [..] And Hong Kong has just decreed that all travelers from the United States—who must be fully vaccinated Hong Kong residents in the first place—must first spend seven days at a quarantine camp followed by two weeks in hotel quarantine. This all thanks to the dreaded Omicron, of which so far there are five, count ‘em five, cases in Hong Kong.

Meanwhile, hospitals are laying off the sensible staffers—hailed as heroes just a few months ago—who refuse to take part in history’s largest unsupervised medical experiment, thus necessitating the presence of American soldiers from the National Guard in U.S. hospitals to take up the slack in four states, including Indiana, Maine, New Hampshire, and New York. The staffing shortages are, of course, a direct result of the mandates; further, in an echo of the supply chain problems currently plaguing American business, they are also slowing down the processing and discharge of patients from hospitals, thus contributing to the hospital-bed shortage. A ruling on Monday by an increasingly erratic Supreme Court that refused to block a New York State requirement that all health-care workers be vaccinated—even if they claim a religious exemption—will only add to the chaos.

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“The pandemicists are truly dangerous, and they will grind human civilisation into the dust unless we find some way of putting all of them out of work..”

The Pandemicists Must Be Stopped (eugyppius)

Just a few words on “Omicron is a Dress Rehearsal for the Next Pandemic”, a New York Times article by Emily Anthes, a science journalist with ties to the World Economic Forum. It’s subtitled “America’s response to the variant highlights both how much progress we have made over the past two years — and how much work remains,” and it’s every inch as awful as you’d imagine. In the piece, Anthes laments that the United States is “woefully unprepared for the challenges ahead, starting with the most fundamental of tasks: detecting the virus.” She quotes a microbiologist to complain that “We had a delay of one to two months before we were even able to identify the presence of [Omicron] … And by that time, it had already circulated widely between multiple states and from coast to coast.” She wastes many words on the necessity of “Testing, testing, testing”; here, apparently, America still needs vastly more capacity.

She and her many scientist informants also want more gene sequencing to detect variants sooner. She’s sure that all of this is absolutely necessary, even though she doesn’t know why: “Scientists are finding more Omicron cases every day, and the variant could soon overtake Delta. What comes next — what we should aim for, even — is less clear. Should we spend the winter trying to stop every infection? Protecting the highest risk people from severe disease and death? Ensuring that hospitals are not overrun? “One thing that we’ve lacked continuously through the pandemic is a goal,” said Emily Gurley, an epidemiologist at the Johns Hopkins Bloomberg School of Public Health. “We still don’t have that. Certainly, we don’t have that for Omicron.”

No realistic public health goal underpins this diagnostic mania, of course. People who test positive for Corona are sent home to suffer in untreated silence by themselves. Endlessly testing, tracing, sequencing, panicking and closing is, however, a goal in itself for people like Emily Gurley and all the other pandemicists Anthes gleefully quotes, from Eric Topol to Trevor Bedford to Ezekiel J. Emanuel. All of them want the Corona Circus to play on, and after it ends they hope for a sequel sometime soon. Never before have they enjoyed such personal and professional prominence.

[..] The pandemicists are truly dangerous, and they will grind human civilisation into the dust unless we find some way of putting all of them out of work. They aren’t going to save anybody from the next pandemic; in the event it happens, they’ll just take advantage of the opportunity to expand their ranks still further and make all of our lives worse. And should novel viruses prove slow to materialise in the post-Corona era, they’ll get up to other tricks. Tricks like new and enhanced histrionics over every seasonal influenza outbreak. Tricks like the intentional release of more engineered viral pathogens to keep the grant funding flowing. Tricks like constant lunatic mass vaccination schemes against ever milder viruses. Still other tricks I haven’t considered. The pandemicists have to go.

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“Isn’t it fascinating that the direction has always been towards more fear, and never towards calming things down?”

I Chart in your General Direction (Rudolph Rigger)

1. The metastasization of modelling Most, if not all, of our governmental response to covid19 has been as a result of models. These models have been mostly of 2 kinds. (a) Technical and theoretical attempts to model what might occur. These have been almost universally incorrect – and sometimes incorrect by a couple of orders of magnitude. (b) A mental model of what might happen. “Omicron is more transmissible, therefore we need to do something in order to save ourselves from it” – a sort of pull some scenario out of your ass approach and use it to generate fear. Isn’t it fascinating that the direction has always been towards more fear, and never towards calming things down?


It’s kind of similar to thinking that we’re all in serious danger of being struck by meteorites and so we need to re-build everything underground, one mile down, in order to save ourselves from this event that might happen. (Of course, this might actually happen one day in the future if some humungous asteroid wings its way towards us – but I would like to think it would be based on some decent evidence, rather than just a generalized vague fear) The first one is a very recent chart used by The Telegraph to try to frighten us into thinking there might be 1 million cases of Omicron per day by Christmas in the UK (this is what the headline stated). I can’t even begin to describe how scientifically illiterate this asinine chart actually is.

If we follow the authors’ “logic” here, then just 20 days after this we’ll have over 256 million cases per day – so that everyone in the UK will have, on average, over 3 simultaneous infections with the same virus on that day. But how have the so-called experts fared? Here’s a chart showing how the expert predictions have described anything but reality

Alas, the “experts” can’t get it right either. I use models all the time in physics – they’re not necessarily a bad thing. They are great ways to get some insight, provided you check them against reality to see if they are a reasonable match. It’s very strange to me, as a physicist, to see these “experts” get it SO wrong, again and again and again. What the hell are they doing? Do they just keep sticking new numbers into the same old shit that didn’t work the first time? Don’t they ever stop to think there might be something wrong with their models and the assumptions used to build them?

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Zero Hedge is mostly on the ball, but this is not. South Africa’s Discovery Health, one of the country’s biggest health insurers, may claim this, but the exact same thing would occur if Omicron is simply mild, which we know it is. Doesn’t involve any Pfizer.

Pfizer Jab Prevents 70% Of Hospitalizations In South Africa (ZH)

South Africa’s Discovery Health, one of the country’s biggest health insurers, has just briefed the public on the results of its latest study, and it’s findings aren’t exactly a surprise. While the omicron variant, first discovered in South Africa, is efficient at surpassing protections afforded by the Pfizer and Moderna vaccines, the Discovery data showed that Pfizer’s jab is actually 70% effective at reducing hospitalizations. That might help explain why the omicron variant has coincided with a surge in cases in South Africa, even while the number of hospitalizations and the number of deaths have declined. The protection is maintained across age groups and in the face of a range of chronic illnesses, said Ryan Noach, the CEO of Discovery Health, during a briefing Tuesday.

All told, a course of Pfizer jabs conveys protection of approximately 33% against infection by the omicron variant, according to Bloomberg. The Discovery study included about 78K COVID test results for omicron infections from Nov. 15 to Dec. 7 in South Africa, the epicenter of the current omicron wave. Clinical records, vaccination records and pathology test results were also examined. Prior to omicron, the Pfizer vaccine provided Discovery Health’s clients with 93% protection against hospitalization (although many have also raised questions about that number). So far, as cases continue to climb, hospitalizations are a fraction of what they were during South Africa’s delta wave; meanwhile, deaths haven’t budged much.

Both Discovery and Glenda Gray, the chief executive of the South African Medical Research Council, cautioned that the lack of severe cases and deaths could be a result of the high number of infections in South Africa. In some parts of the country, 80% of the population has already been infected. Discovery’s data also showed that omicron is causing less respiratory distress than delta. Symptoms of the new variant include a scratchy throat, congestion and lower back pain, and illnesses generally last three days or less.

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“Omicron may be, in fact, a better vaccine than anything cooked up by Pfizer, Moderna or even the Russians.”

Davos’ Last Stand Flops at the Box Office (Luongo)

So Davos’ Last Stand hit theatres a couple of weeks ago. Starring OmicronVID-9/11 as the latest unseen killer this was supposed to be the horror movie of a generation. Geopolitically, this is the worst opening for a movie since Ishtar. Sure the overnight preview box office was good. The Dow off 1100 on Opening Day. Gold thwapped. Bitcoin crushed. But then people started talking about the train wreck they’d seen. The response to OmicronVID-9/11’s performance has been nothing short of hilarious. The early reviews pointed to an overblown ‘whisper number’ on box office receipts. The hits just kept coming. The first scathing review came from no less than Goldman Sachs which screamed that they were not informed of the release of Omicron. They compared OmicronVID’s acting ability to the best on PornHub.

I’ve read a lot of Goldman notes over the years and they generally sound like someone desperately trying to convince you to take the opposite side of the trade from them…so they can fleece you. That one was different. It was one that made it clear that they had no idea during production that Omicron was so bad. Translation: Where the hell did this shit come from and why weren’t we allowed to front-run it? Two days later, JPM’s Marco Kolanovic went on CNBC BubbleVision with his review, to blow up the idea that we should remain glued to our screens over the latest release from the Maus Haus, scared for our lives. Kolanovic was the first of many to say the quiet part out loud; that OmicronVID was so unaffecting as a serial killer it may wind up doing the exact opposite, immunizing the world from the next sequel in the series.

That if anything, Omicron may be, in fact, a better vaccine than anything cooked up by Pfizer, Moderna or even the Russians. It was, as reviews go, as devastating as anything written about that horrific Hoffman/Beatty fiasco from 40 years ago. I know, I read them all. They were a hoot. These were the first shots across the bow at Davos’ Last Stand. And were clear signals to the markets that Wall St. was completely done with this COVID-19 nonsense and are in a political position to make that stick in the U.S. Congress. The result has been the fastest week-to-week drop off in box office I’ve seen of a Davos narrative ever.

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“..a wave of criticism from German media outlets, which quickly branded his words “conspiracy theories.”

Vatican Court Judge: Gates & Soros Use Covid To Impose ‘Total Control’ (RT)

A German cardinal has sparked controversy by claiming that the coronavirus pandemic has been used by the likes of George Soros and Bill Gates to create a global “surveillance state.” The Covid-19 pandemic has sparked “chaos” and “turmoil” stemming not only from the “lacking knowledge” about the transmissibility and danger of the virus itself, but from the will of the super-rich to “snatch an opportunity to bring people in line,” Gerhard Ludwig Mueller said in an interview with Austria’s St. Boniface Institute last week. He is a high-ranking judge at the Vatican court. The world’s financial elites are now using the pandemic and the measures governments take to fight the spread of the virus to subject people to “total control” and establish a global “surveillance state,” he added.

The St. Boniface published a video showing a small part of the interview and the cardinal has since confirmed to the German dpa news agency that the footage is genuine. “People, who sit on the throne of their wealth,” see an “opportunity to push through their agenda,” the cardinal said, naming Microsoft co-founder Bill Gates, billionaire George Soros and the head of the Davos Economic Forum, Klaus Schwab, among those behind the alleged global control scheme. The cardinal then accused the global financial elites of an attempt to bring forth “a new man” created “in their own image and likeness,” adding that he would not wish such a fate on himself. “That has nothing to do with democracy,” the former Regensburg bishop, who once headed the Congregation for the Doctrine of the Faith, said.

The cardinal’s statements, which only recently surfaced in the media, sparked a wave of criticism from German media outlets, which quickly branded his words “conspiracy theories.” Some experts invited by Germany’s Der Spiegel magazine and other media said his words can be interpreted as a comparison between the actions of the modern government and those of the Nazis, whose crimes are thus “played down.” They also said that a mere mention of Soros in such a context can be seen as anti-Semitic.

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Christmas in Athens will be terrible for restaurants. The unvaxxed 50% or so of the people can’t enter, and their friends and families won’t leave them alone. So people will celebrate at home. Rapid tested people can sit outside restaurants, but really, grandma outside in late December?

UK Restaurants And Pubs Fear 40% Cut In Christmas Takings (G.)

Pubs and restaurants predict that Christmas cancellations made following the introduction of measures to limit the spread of the Omicron variant of Covid-19 in England will cut their festive takings by 40%. While hospitality venues have not yet been forced to reimpose measures such as social distancing or mandatory mask-wearing, industry leaders said tougher restrictions had already caused irreparable damage to trade, especially in city centres. Trade body UK Hospitality has forecast that takings will be down by as much as 40% for December, usually the most lucrative month for venues by far, after hard data from last week revealed early signs that customers were staying away.

Data from the trade body for Monday to Sunday of last week showed a 13% drop in trade and a 15% increase in cancellations, compared with pre-pandemic levels. In central London, which is particularly affected by office workers following government guidance to stay at home, takings were down 40%, while there was a 25% surge in Christmas bookings being cancelled. The figures cover a week that followed the identification of the Omicron variant and included the announcement of tougher Covid-19 restrictions, known as “plan B”. With the evaporation of consumer confidence thought to have accelerated since then, bosses called for more assistance from the government to help them survive the effects of a second successive nightmare Christmas.

“The damage has been done,” said Phil Urban, the chief executive of Mitchells & Butlers, which owns 1,700 pubs and restaurants, including the O’Neill’s and Harvester chains. He said customers had begun calling off events last week after the government announced measures including guidance to work from home if possible. “We immediately saw cancellations. Anybody who was at all nervous, or any company that was planning a do was likely to cancel,” Urban said. “We saw the impact on Friday and Saturday but we’ll really start to see the damage this week, particularly in city centres where historically we’d have lots of corporate events. That’s gone now and there’s nothing anyone can do to put it back.”

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Apr 102021
 


Vincent van Gogh Sprig of Flowering Almond in a Glass 1888

 

‘A Small, Sanitised Existence’ (Godwin)
Covid-19 Vaccine Passports Are Not Evidence Based (BMJ)
A&E ‘Swamped’ With Patients Seeking Help For Mild Covid Jab Side-effects (G.)
The Davos Set’s Dystopian Ambitions Are Very Clear (Clark)
Nearly 40% Of US Marines Have Rejected Coronavirus Vaccine (RT)
Biden Requests $753 Billion Defense Budget (Hill)
Infrastructure Bills Do Not Lead To Recovery, Only Increased Control (Smith)
The Two Faces Of Joe Biden (Matt Taibbi)
Will America Survive Joe Biden? (Kunstler)
Jimmy Kimmel Is The Latest To Embrace Hunter’s Scandal Spin (Turley)
Who Is The Most Powerful Doctor In The World? (IP)
Boeing Sounds Alarm On New Problem With 737 Max, Advises Grounding Again (RT)
Dumping Fukushima Radioactive Water in Pacific is Now “Unavoidable” (Marat)

 

 

 

 

 

 

About the effect of isolation on babies’ mental development. Bad enough for sure. But not a word on the stunted growth of their immune systems. Odd. It all comes together.

‘A Small, Sanitised Existence’ (Godwin)

My son, 0, doesn’t know any different. One of around 600,000 babies born in Britain in the plague year of 2020, he has spent all eight months of his life (and most of his gestation) in a world defined by distance and disease. His circle is small. He doesn’t get out much. When he does, the faces that peer in at his pushchair are concealed by masks. A baby is usually a magnet for human touch; I’d guess around 300 people had held his older brother by the time he was eight months old. Perhaps 20 people have made physical contact with Aubrey. To my mother-in-law, who is in the highest-risk category for coronavirus, he is at once a joy and a death risk. He has never been on a bus or train; he hasn’t met most of his extended family, nor most of our friends; and he doesn’t know any other babies – discounting the tiny person who laughs at him in the mirror.

The difference between babyhood now and babyhood as we first experienced it is vast. What was once a busy marketplace of events, activities and sociability has become a ghost town. What effect will this small, sanitised existence have on the babies of 2020-21? I console myself that, while his parents have been slowly losing their minds, Aubrey seems to have things fairly sussed. But as each milestone passes – as he grows out of the cardigans his grandmothers knitted for him, but never saw him wear – I can’t help but wonder what the long-term effects will be. Considering how fundamental these first months of a child’s life are to their cognitive and emotional development, what sort of mark will this strange period leave on him? How much are babies missing out on? And can what is lost be regained?

Dr Nayeli Gonzalez-Gomez, a child development specialist at Oxford Brookes University, is leading a study into the effects of coronavirus on families with children aged 8-36 months. Unsurprisingly, she is finding experiences vary hugely across the social divide, with the closure of playgroups and other means of support hitting poorer families particularly hard. “Playgroups are really important,” says Gonzalez-Gomez. “They provide enriching activities, they promote child health, they provide links to formal support for parents who are struggling, and they help parents meet other parents. Those babies are missing out on all of that, and so are their parents.” The (anonymous) testimonies are strikingly varied. Some parents report their children’s language has “exploded”.

“We were astonished by the improvement in our daughter’s mood, behaviour and development,” writes one parent. Others say the opposite: “Child has become very clingy to me.” Another says their child has become terrified of other adults, particularly men. “If a man tries to talk to her, she becomes incredibly scared, panic crying, hiding her face in me.” “A lot of people have told us that their babies have developed a fear of strangers,” Gonzalez-Gomez adds. “If all a baby is used to is being indoors, they are missing out on so many interactions that will teach them how the social world works. We don’t know what the long-term effect will be – but it’s something to keep an eye on.”

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Maryanne Demasi, Researcher, journalist and Prof Peter Gotzsche, Institute for Scientific Freedom.

“Consequently, an enormous number of healthy people will be declared ill; they will be isolated; and many contacts will be asked to be tested, too. This situation is likely to spiral into chaos.”

Covid-19 Vaccine Passports Are Not Evidence Based (BMJ)

The hope is that vaccine passports will pave the way for economic recovery and restore people’s freedoms, but is it evidence-based and does it violate people’s right to choose? The most obvious issue is that it is still unclear whether vaccination prevents transmission. Vaccinated people may still be able to unknowingly spread the virus. That’s why, on 5 Feb, the World Health Organisation released a statement dissuading nations from using vaccine passports, stating that “there are still critical unknowns”(7) and recently, reiterated its opposition to them.(8) In addition, demonstrating “proof of antibodies” on a vaccine passport is problematic, as people can be infected more than once, particularly considering that the virus mutates.(9)

Twice weekly testing of UK citizens using rapid 30 minute tests, has been criticised by experts as “beyond reckless.”(10) They say the tests are not accurate, and the evidence to support their use is very weak.(10) Further, the PCR test used by many countries had 100% sensitivity and 97.8% specificity. This is a highly accurate test if used when infection is suspected. But it performs poorly when used as a screening test. In Denmark, only 0.5% of those tested are positive for COVID-19. Thus, for every 1000 people who are tested, we will get these results: “Infected, Healthy Test + 5, 22 Test – 0, 973. This means that 81% (22/27) of those who are told they are ‘infected’ are actually healthy.

A requirement for school attendance is a negative test twice a week, and in order to work at the Danish Technical University you must be able to present a Covid negative certificate, less than 72 hours old, to armed guards in the building. In Denmark, in the last week of March, 1.1 million PCR tests were carried out (population of 5.8 million). Consequently, an enormous number of healthy people will be declared ill; they will be isolated; and many contacts will be asked to be tested, too. This situation is likely to spiral into chaos. [..] Our biggest concern regarding vaccine passports is the potential violation of people’s freedom of choice. People are likely to be denied access to places or the opportunity to travel abroad unless they opt for the jab.

The proponents of vaccine passports say it is meant to incentivise people to be vaccinated, but it has created a bitter divide, with many arguing that it is treading a fine line between voluntary and mandatory vaccination. The Biden administration recently announced that it would not endorse a national vaccine passport and that it was a matter for individual States.(15) The Governors of Florida(16) and Texas(17) have both moved to prohibit vaccine passports saying that they reduce individual freedom and will harm patient privacy. Conversely, in the UK, political leaders continue to support the idea of vaccine passports,(1) and many UK citizens appear to agree. A recent survey of more than 8,300 people aged over 16 found that most were in favour of vaccine passports to travel abroad or to visit a relative living in a care home.(18)

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If they were all so mild, the GPs would not send them to a hospital. If only because those are full already, and dangerous places to be.

A&E ‘Swamped’ With Patients Seeking Help For Mild Covid Jab Side-effects (G.)

People who have had the Oxford/AstraZeneca vaccine are seeking help at A&E despite having only mild side-effects such as headaches, in the wake of the controversy over whether the jab causes blood clots. Emergency medicine doctors in England told the Health Service Journal that a growing but unspecified number of people who were anxious after having the Oxford/AstraZeneca jab were coming to A&E units, some apparently after being advised to do so by a GP. Dr Katherine Henderson, the president of the Royal College of Emergency Medicine, confirmed the trend to the Guardian. “It’s definitely a thing. Colleagues across England are reporting this. All A&E departments are seeing an increase in the number of people reporting concerns after having the AstraZeneca vaccine.

“We are seeing people with mild headaches and persistent headaches but who are otherwise alright. “Emergency departments and GPs are getting a lot of queries. I think it’s an understandable reaction by the public. I can understand why people are anxious. If they are worried they need to get advice”, Henderson said. One A&E consultant told the HSJ: “We have seen huge numbers of AstraZeneca jab-associated headaches being sent in and, like all [emergency departments], we’re scrabbling to cobble together some guidance so as to sensibly reduce the number needing investigation. I gather some units are really, really struggling with this.”

An A&E doctor at a London hospital told the HSJ that their department was “swamped” with patients with headaches who had been sent there by their GP. But Dr Michael Mulholland, vice-president of the Royal College of GPs, said: “GPs will only recommend patients attend A&E if they think it’s the most appropriate place for them to go to get the care they need.”

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“But is masking up whenever we go out really the same as putting on a pair of trousers, to use the English term?”

The Davos Set’s Dystopian Ambitions Are Very Clear (Clark)

In their recent paper, ‘Evaluating England’s Road Map out of Lockdown‘, published on the UK government’s website, the Imperial College Covid-19 Response team state: “Whilst the impact of Test Trace Isolate, mask wearing, hand hygiene and COVID security on ‘R‘ is difficult to quantify it will be vital to emphasise the importance of normalising and ensuring adherence to all measures even after ‘full lifting’ is achieved.” Got that? Masks need to stay even after Boris Johnson says ‘Lockdown is over‘. It’s in this context that the World Economic Forum’s (WEF) enthusiastic promotion of the Chinese ‘smart face mask’ needs to be seen. It apparently reminds users when to wash it and checks if they’re wearing it properly.


If too much carbon dioxide builds up inside, a phone alert reminds the wearer to catch a few breaths of fresh air. If the user forgets to put it on, the same phone app sends them a reminder to mask up. This is not about public health, but all about making sure that measures introduced ostensibly to stop the spread of Covid-19 become permanent. Yes, once again the much-derided ‘crackpot conspiracy theorists’ of 2020 have been proved right. Remember how last summer, the WEF was promoting a ‘Common Pass‘ health passport scheme, not just for international travel but for access to domestic events too? It would never happen, we were told. That’s ‘David Icke stuff’, was the condescending brush-off. Well, that too has come to pass – no pun intended.

To find out why all this is happening, all we have to do is to follow the money trail. All the way to Davos. What does the pro-permanent mask Imperial College have in common with the pro-permanent mask WEF? Answer: the pro-permanent mask Bill Gates. Last month, Gates himself likened putting on a face mask to putting on a pair of trousers. “I just don’t think wearing a mask is such a deep inconvenience. I mean we ask people to wear pants. You know, why was this politicised?” Back in November, he made the same comparison. “We ask you to wear pants and, you know, no American says — or very few Americans say — that that’s, like, some terrible thing.” But is masking up whenever we go out really the same as putting on a pair of trousers, to use the English term?


Of course it isn’t. Unless you’re Batman or The Lone Ranger, or another Saturday morning cinema superhero, or indeed a bank-robber, wearing a mask in public isn’t normal, and no amount of WEF-spin makes it so. But what walking about with pieces of black cloth over our mouths and noses does do, is maintain the levels of fear in the community. If cases and deaths with Covid have plummeted to zero, but we want to make people live as if there is a permanent pandemic, to keep control over them, and to introduce ‘Covid-certification’ to restrict where they can and cannot go, how else can we keep Project Fear going without masks? It’s the only way we’d know that these were not ‘normal’ times. Which is, of course, precisely why they were introduced when deaths had dwindled to very low numbers. Smart masks? The really smart thing is to get wise to the WEF’s dystopian agenda.

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Coming soon: Vaccine hesitancy is a threat to national security.

Nearly 40% Of US Marines Have Rejected Coronavirus Vaccine (RT)

Just shy of 40 percent of Marine Corps service members have refused to take the coronavirus jab, new data provided to the media shows. The revelation comes as Democratic lawmakers push to make the vaccine mandatory for soldiers. Some 75,500 Marines have agreed to be vaccinated as of Thursday, while around 48,000 have declined the inoculation, CNN reported, citing numbers provided by the branch. That puts the rejection rate at 38.9%, slightly higher than the 33% rate for the whole military given by defense officials. Marine spokeswoman Colonel Kelly Frushour explained that Marines may be refusing the shot for a number of reasons, including allowing others in more vulnerable groups to take it first, allergies to the vaccine or obtaining it by other, non-military means.


Frushour stressed the need to “build vaccine confidence” among servicemen, adding that reluctant troops can always “change their mind and become vaccinated when next the opportunity presents itself.” Another 102,000 or so Marines, including active-duty and reserve troops, are still in line for the immunization and have not had a chance to accept or decline. The rejection rate was much higher at certain bases, such as Camp Lejeune, a major Marine installation in North Carolina, where 57% of service members have refused to take the shot. While the military is currently barred from mandating any of the coronavirus vaccines rolled out in the US, as each has received only emergency FDA approval rather than full authorization, some in Congress have pressed the Joe Biden administration to change that.

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“..the Defense Department budget “prioritizes the need to counter the threat from China as the department’s top challenge.”

Putin will be insulted.

Biden Requests $753 Billion Defense Budget (Hill)

President Biden is requesting a $753 billion defense budget for next fiscal year, with $715 billion of that going to the Pentagon. The fiscal 2022 proposed budget represents a slight increase over this year — likely to upset both progressives, who had sought cuts to Pentagon budgets, and defense hawks. The budget outline released Friday does not detail exactly what the money would buy, with a more comprehensive proposal expected later this spring. A fact sheet released by the White House said the Defense Department budget “prioritizes the need to counter the threat from China as the department’s top challenge.”

The budget also “proposes executable and responsible investments” in the Navy fleet, “supports ongoing nuclear modernization programs while ensuring that these efforts are sustainable,” and “continues to ensure that U.S. soldiers, sailors, airmen, Marines and guardians remain the best trained and equipped force in the world,” while also supporting Pentagon plans to “divest legacy systems,” according to the fact sheet. It also said the budget would support “efforts to plan for and mitigate impacts of climate change” on Defense Department facilities and invest in “power and energy research and development.”

The overall defense budget includes both Pentagon funding and non-Pentagon programs such as Department of Energy nuclear weapons funding. Friday’s release officially kicks off the jockeying over the defense budget on Capitol Hill, though lawmakers have already been drawing their battle lines. While the administration proposes a budget, it is up to Congress to fund the government, and lawmakers routinely deviate from, or sometimes simply ignore, presidential budget requests. A $753 billion defense budget would be a modest increase over this year’s $740 billion, as would a $715 billion Pentagon budget compared to this year’s $704 billion.

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“..all other nations had to turn to the U.S. for manufacturing during the long rebuilding process. In Europe, this process carried on well into the 1950s.”

Infrastructure Bills Do Not Lead To Recovery, Only Increased Control (Smith)

Biden, in particular, has made historic stimulus spending the very first platform of his administration, and consistently cites FDR and Lyndon Johnson as patron saints of his infrastructure bill. If it worked for them, then obviously it will work for him… right? In reality, the public works and welfare programs of FDR in particular had very little to do with the ending of the Great Depression. In fact, the New Deal actually made the situation worse. Roosevelt’s own Treasury Secretary, Henry Morgenthau, lamented on May 6th, 1939 after two full terms of FDR’s presidency and stimulus programs that the New Deal was a complete failure. He stated to fellow Democrats during a session of the House Ways and Means Committee that:

“We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong… somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises… I say after eight years of this Administration we have just as much unemployment as when we started… And an enormous debt to boot!” High unemployment and declining living standards were an epidemic in the U.S. throughout the 1930s and well into World War II. The Census Bureau outlines the dismal state of the financial system and the U.S. consumer throughout this period in its “Historical Statistics of the United States.”

By 1939 the stock market had crashed on multiple occasions, car sales imploded by 30%, business closures increased by 50%, and real estate foreclosures were still near record highs. The New Deal had achieved minimal benefits of limited scope, but not much else. For the average American, it was as if nothing had changed in a decade. That said, for certain major companies and big banks, the gains were incredible. Companies like General Electric, IBM, Proctor and Gamble and JP Morgan saw endless profits during the Great Depression while buying up smaller competitors for pennies on the dollar. Those companies involved in public works programs siphoned government money like a black hole while very little trickled down to American workers. All in all, the Great Depression was a windfall for the corporate elite as wealth was consolidated and centralized into fewer and fewer hands.

So we have to ask, if the New Deal was a failure and did nothing to solve the depression problem, what did solve it? Some historians and journalists suggest the beginning of World War II and increased defense spending saved America. This is incorrect. As noted by Robert Higgs, the U.S. standard of living continued to decline throughout World War II. It was not the beginning of the war that saved America, but “After the war genuine prosperity returned for the first time since 1929.” The U.S. was one of the only industrialized nations on the planet that had been left mostly untouched by the destruction. Because of this, all other nations had to turn to the U.S. for manufacturing during the long rebuilding process. In Europe, this process carried on well into the 1950s. The U.S. had very little competition, so much so that the U.S. dollar’s reserve status increased to the point of complete dominance. If you wanted access to manufactured goods, you had to trade with the U.S., and to trade with the U.S., you had to have a stockpile of U.S. dollars.

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JRB and FDR.

The Two Faces Of Joe Biden (Matt Taibbi)

On April Fool’s Day, CNN ran an “analysis” of Joe Biden’s presidency: Will JRB take his place alongside FDR and LBJ? CNN explained “JRB” had just unveiled a $2 trillion infrastructure plan “to boost ordinary working Americans rather than the wealthy,” a program that together with his $1.9 trillion Covid rescue doubles “as a bid to lift millions of Americans out of poverty.” The news is like high school. One day, one kid comes in wearing Dior sneakers and Nike X Ambush pants, and two days later, that’s all you see in the halls. The “Biden-as-FDR” stories raced around News High, with headlines like “With nods to FDR, JFK and LBJ, Biden goes big on infrastructure plan” (Yahoo!) and “Can Biden achieve an FDR-style presidency? A historian sees surprising parallels” (Washington Post). Even the New Yorker’s naysaying take, “Is Biden Really the Second Coming of F.D.R. and L.B.J.?” read at first glance like an affirmation.

That this high-flown language came on the heels of Biden’s people whispering F.D.R. comparisons in the ears of reporters for weeks, and Biden himself calling his plan “a once-in-a-generation investment in America,” seemed not to bother anyone. We live in a time when a president can be said to have “sharply cut poverty” the moment he signs a relief bill, so why not say, as CNN editorialists Stephen Collison and Caitlin Hu did, that this new bill’s passage would immediately allow Biden to “lay claim to a spot in the Democratic pantheon alongside Franklin Roosevelt and Lyndon Johnson?” This would only be natural, they said, since “Scranton Joe” has long despaired over the silver spoon inequities of Donald Trump’s trickle-down economy:

The President complained as he unveiled his plan in Pittsburgh — the kind of gritty blue-collar city he loves — that the top 1% saw their wealth rise by $4 trillion during the pandemic while millions of Americans lost jobs. “Just goes to show you how distorted and unfair our economy has become,” Biden said. “Wasn’t always this way. Well, it’s time to change that.” Left unmentioned was that the same gritty, blue-collar president oversaw the TARP bailout, which resulted in a similar Trumpian windfall for the 1%. The richest saw their share of America’s wealth increase from 30% in 2010 to 39% in 2016. Median household net worth fell 34% from a peak in 2007 to the end of the Obama-Biden presidency, while banks in 2009 had the best year they would have until 2020, that “unfair” bailout year Biden complained about.

Pundits have long been working on revising that history. By last summer, the Atlantic was writing this about Biden’s management of the other bailout: “Critics on the left faulted him and Obama for not making the stimulus package bigger (though keeping it below $1 trillion was the price of winning necessary Republican votes for its passage in the Senate).” That’s just not true. Certainly, Republicans would have hammered Obama for a stimulus of any size, but Obama officials decided on those levels on their own. We’ve known this since 2012, when the New Yorker published a piece outing the fact that Larry Summers advised the incoming president to prioritize deficit reduction over stimulus.

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“This body of unresolved allegations haunts the House of Biden like some stinking dead animal decaying under the Oval Office floorboards that everyone pretends not to notice.”

Will America Survive Joe Biden? (Kunstler)

If you want to understand the complete failure of moral authority in America, seek no further than the gothic doings of the Biden family, especially now that the President’s degenerate son, Hunter, has been rewarded with a $2-million advance-against royalties (i.e., money up-front) from Simon & Schuster, and a gala publicity tour of the national news media designed to conceal his criminal culpability in evidence contained on the “laptop from hell” that he stupidly abandoned in a Delaware repair shop while lurching through his daily doings on one of countless drug jags he’s enjoyed between rehabs since his dad stepped back into national politics.

The failure is shared by a national news media that refuses to scrutinize the obvious financial crimes documented on the laptop, the FBI, which sat on the laptop through the months of Trump Impeachment No. One — while the computer contained evidence of Hunter’s grifting and money-laundering directly benefiting “the Big Guy,” Joe Biden, at issue in the impeachment — and the Department of Justice, which has been sitting on its hands pretending to conduct an investigation into all this.

The moral darkness of the family is beyond Shakespearean. It ranges from fantastically sordid personal indecencies like Hunter posting drug-fueled selfie sex videos with whores on the PornHub website, to intimations of lewd consort with his teenage niece, to the admitted fact of him bird-dogging his dead brother’s wife, Hallie… and into financial misdeeds that suggest Hunter sold out his country by peddling Joe Biden’s favor to agents of the Chinese communist party and other foreign nations. This body of unresolved allegations haunts the House of Biden like some stinking dead animal decaying under the Oval Office floorboards that everyone pretends not to notice.

Most recently, in a striking instance of in-your-face duplicity, Joe Biden announced his new crusade against gun ownership the same week that credible evidence surfaced that Hunter had obtained a .38 caliber handgun by lying on the application about his drug use — well-documented in his discharge record from the Navy Reserve (for failing a cocaine blood test), as well as his repeat visits to drug rehab clinics. In 2018, it happened that his then-paramour, Hallie Biden, fearing for his behavior, took the gun from Hunter’s car and tossed it in a dumpster outside a Wilmington food market. Directly afterward, the Secret Service office in Wilmington went to the gun-shop, StarQuest Shooters & Survival Supply, to ask for the forms Hunter had filled out and signed to buy the gun, which itself was never recovered.

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“Burisma and other companies not only gave massive payments to someone without any notable skills or experience, they hired someone who was a drug addict who was, by his own account, a total trainwreck.”

Jimmy Kimmel Is The Latest To Embrace Hunter’s Scandal Spin (Turley)

Hunter Biden has the prototypical resume of the progeny of the powerful in Washington. He seemed to land jobs far beyond his experience or proven skills. Most law school graduates work for six years just to make junior partner in a firm. Yet, directly out of law school in 1996, he was given a lucrative position with MBNA America, a bank that was not only a campaign contributor to his father but a business actively lobbying for lending changes in Congress. His father, then a powerful senator, supported changes that benefited the bank. Within a couple years of graduating, Hunter Biden amazingly ascended to the position of executive vice president. He was then given a position in the Commerce Department before he became an industry lobbyist.

In 2006, President Bush made him a member of the board of directors of Amtrak. No one seriously argued at the time that his resume even remotely qualified him for that position, any more than his assuming the board chairmanship of the United Nations World Food Program. At the time, Democratic Senator Tom Carper of Delaware explained that Hunter Biden was qualified to get on the board of Amtrak because “Hunter Biden has spent a lot of time on Amtrak trains.” Ignoring conflicts in the interview was no easy task. Kimmel made reference to Hunter’s struggle with drugs without noting that Hunter admits to being a crack addict all the way up to his father’s 2020 presidential election. Hunter left that off of his description of his work on Burisma.

While Hunter was claiming blackouts of memory due to his crack addiction, he was also claiming that he was a natural choice for the board of an major energy company. Burisma and other companies not only gave massive payments to someone without any notable skills or experience, they hired someone who was a drug addict who was, by his own account, a total trainwreck. However, he was hired for abilities and insights on energy and corporate management? Kimmel also helps out Hunter in his convenient lapses of memory. When asked, Hunter just shrugged and took a dig at Rudy Giuliani: ”I think, within my rights to question anything that comes from the desk of Rudy Giuliani. And so I don’t know is the answer.”

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Ha!

Who Is The Most Powerful Doctor In The World? (IP)

So who is the most powerful doctor in the world? Google tells you that it’s the Microsoft founder Bill Gates. We’re not kidding, you can try to search it yourself. The result is based on a 2017 article outlining Bill Gates’ “sway” over the World Health Organization. So why is Bill Gates listed as the most powerful doctor in the world when searched on Google? Since the keywords used in the query also appear in the headline of a Politico article titled “Meet the world’s most powerful doctor: Bill Gates,” which was published in 2017. That’s why, the Microsoft founder is listed as the top-ranking answer (even in snippet-results) of the Google search. Below is the excerpt from the Politico article: “Meet the world’s most powerful doctor: Bill Gates “

The software mogul’s sway over the World Health Organization spurs criticism about misplaced priorities and undue influence. If you look, Bill Gates’ name actually appear on majority of the results on the front page for this query. A user on Twitter wrote, “Who is the most powerful doctor? Google it. The results will shock you. Good morning” Another user said, “Google ‘who is the most powerful doctor in the world’, tell me what comes up, and then try to tell me I’m a conspiracy theorist.” “Why is it when you google the most powerful Doctor in the world Bill Gates pops up?,” a user on Twitter raised a question. One user attached the Politico article in his tweet and wrote, “Here is the reason why many think that Bill Gates is considered to be the most powerful doctor, when he is not. In Google, the most searched word, along with keywords always come at the top of the list.”


Not just Google: Many users pointed out that it’s not just Google but also Siri that gives you the same answer. It is because when you ask Siri the same question discussed in this article, then it will show you the same search results, the answer to which is Bill Gates. We are sure, if you ask the same question to other Voice assistants they will also give the same answer. A user tweeted, “Interestingly enough I asked Siri who is the most powerful doctor in the world she said Bill Gates, I then asked who was the most powerful medical doctor in the world, again Bill Gates… crazy!!”

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These things are flying again? Incredible.

Boeing Sounds Alarm On New Problem With 737 Max, Advises Grounding Again (RT)

Just a few months after Boeing’s 737 Max aircraft were allowed to return to the skies the company announced a new problem with the ill-fated jets, calling for dozens of planes to be grounded over issues with the electrical system. “Boeing has recommended to 16 customers that they address a potential electrical issue in a specific group of 737 MAX airplanes prior to further operations,” the Chicago-based manufacturer said in a statement on Friday. The multinational said it was working with the US Federal Aviation Administration (FAA) on the “production issue.” It also said that the problem doesn’t affect the entire fleet, but a specific group of planes. The company has pledged to provide further directions on “appropriate corrective actions.”


“The recommendation is being made to allow for verification that a sufficient ground path exists for a component of the electrical power system,” the corporation said.Boeing neither specified which 16 airlines are affected by this alert nor disclosed the number of planes with the problem. The Boeing 737 MAX passenger airliner made headlines after two nearly new planes crashed within five months. The fatal crashes, which occurred in Indonesia and Ethiopia, killed all 346 people on board. The incidents prompted a lengthy safety review and all the jets were grounded worldwide for 20 months, from March 2019 through November of 2020.

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Safe clean energy.

Dumping Fukushima Radioactive Water in Pacific is Now “Unavoidable” (Marat)

While Japan last month marked the 10th anniversary of the devastating 2011 Tohoku earthquake and tsunami with solemn ceremonies, the government has also been stressing the successes of its recovery efforts in the country’s northeast. In truth, however, the country is still coping with the aftermath of the Fukushima Daiichi disaster, which has already cost Japan trillions of yen and whose exclusion zone will require up to 40 more years to fully rehabilitate. And with contaminated water continuing to build up at the ruined Fukushima Daiichi Nuclear Power Plant, Prime Minister Yoshihide Suga says that the government must finally begin dumping it into the Pacific Ocean.

With nuclear waste and fuel rods still contaminating the area, over one million tons of radioactive waste water continue to seep from the facility, according to The Japan Times, forcing authorities into what Suga describes as the “unavoidable” position of having to dump the water. Officials claim that the water would be purified to the maximum extent possible, but environmentalist groups like Greenpeace warn that the water contains hazardous material that could damage human DNA and the health of marine life. Fishers also fear that consumers will refuse to buy fish caught in contaminated waters, worsening their plight amid a restriction of imports from Fukushima prefecture imposed by 15 countries and regions.

Regardless, authorities argue they must deal with the cards that have been dealt. “What to do with the [treated] water is a task that the government can no longer put off without setting a policy,” Japanese trade minister Hiroshi Kajiyama said on Wednesday. Suga is expected to formally decide on the course of action by next Tuesday. If he proceeds, authorities will dilute tritium to 2.5 percent of the maximum concentration allowed by the country before it is dumped.

Read more …

 

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Tucker Jimmy Dore AOC
https://twitter.com/i/status/1380698955634274305

 

 

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Jan 282021
 


Gustave Courbet The cliffs of Étretat after the storm 1870

 

GameStop, AMC, 4 Other “Most Shorted Stocks” Jump 135% to 538% (WS)
GameStop’s Three Largest Shareholders Earn Over $2bn Amid Stock Surge (G.)
Putin Calls Out Big Tech In Davos (RT)
US Weighing Action Against Russia For Navalny Detention – Blinken (ZH)
Biden Freezes Arms Sales To Saudis & UAE (ZH)
Do The Democrats Really Want Unity? (Turley)
Indian Tribe: Biden Just ‘Attacked’ Our Sovereignty (TH)
Proud Boys Leader Was ‘Prolific’ Informer For Law Enforcement (R.)
German Minister Sees COVID19 Vaccine Shortage Well Into April (R.)
Farmers’ Protests Reflect Existential Crisis of Indian Agriculture (OffG)
Twitter Releases New Community-Based Tool To Find Witches (BBee)

 

 

WallStreetBets is back up. Today could be epic.

 

 

Only loneliness is safe.

 

 

Hedge funds have lost many billions because other people have taken over their game.

GameStop, AMC, 4 Other “Most Shorted Stocks” Jump 135% to 538% (WS)

What a hilarious show this zoo that has gone nuts has turned into. White House Press Secretary Jen Psaki came out today and said the White House “economic team including Secretary Yellen” were “monitoring the situation.” The situation being total utter mania in the most shorted stocks, such as GameStop and AMC. The SEC came out and said today it too is “actively monitoring” the options and equities markets. “Consistent with our mission to protect investors and maintain fair, orderly, and efficient markets…” which was when humongous laughter drowned out the rest. Did the SEC really say “efficient markets????” Hahahahaha. Fed Chair Jerome Powell, during the post-meeting press conference today, was asked right off the bat about the mania around GameStop and similar mania stocks, and he refused to comment.

This came after Alexandria Ocasio-Cortez tweeted in her inimitable style: “Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino.” The mania revolves around the most shorted stocks, shorted by hedge funds that hoped to make a killing when those stocks collapse. Short sellers have to borrow the shares and sell them, hoping that their prices will collapse, and that they can buy them back for a song and close out their position with a huge profit. And a bunch of hedge funds jumped into this shorting of the-most-shorted-stocks business, and at one point the short interest of GameStop shares [GME] was over 140% of the float, which is ridiculous, and a sign that hedge funds were taking enormous risks.

They will all have to buy those shares to close out their positions. But who is going to sell them those shares? Well, folks figured this out, and they were ganging up on these hedge funds, organizing their Wall Street revolt on the social media, particularly on the WallStreetBets subreddit. Most of these stocks have a relatively small float – that’s why the hedge funds shorted them in the first place because stocks with a small float are a lot easier to manipulate, and Wall Street has long gotten fat off manipulating stocks. And those traders on Reddit also figured out that stocks with a small float are the easiest to manipulate if enough people got together. And they figured out that stocks that were massively shorted and didn’t have many sellers left could be driven up to the point where those that were short those stocks would panic-buy those stocks to cover their short positions and curtail their losses, and that panic buying, with no eager sellers on the other side, would trigger a huge surge in prices, which could wipe out those hated hedge funds.

Tucker Charles Payne GameStop
https://twitter.com/i/status/1354624888166772739

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But if these people sell, the WallStreetBets game could be up.

GameStop’s Three Largest Shareholders Earn Over $2bn Amid Stock Surge (G.)

The three largest shareholders in GameStop, the video game retailer at the center of a frenzied dual between Wall Street and small investors, have made more than $2bn from the company’s astronomic recent share rise. Stock in the company continued its vertiginous rise on Wednesday, hitting a fresh 52-week high of $354.83, making the 13% stake held by Ryan Cohen, 34, GameStop’s largest single shareholder, worth more than $1.3bn. Over the past two weeks, according to CNBC, Cohen’s net worth increased an average of $90m a day, or nearly $4m per hour, as GameStop stock has surged more than 1,550% this year alone. Other winners include Donald Foss, the 76-year-old founder and former CEO of Credit Acceptance Corp, a subprime auto lender. Foss bought 5% of GameStop early last year for around $12m. His stake is now worth more than $500m.


GameStop chief executive George Sherman has seen his 3.4% stake jump to a value of about $350m. On Reddit, where many of the small investors have strategized over their investments, small investors too have boasted of their outside gains from beating Wall Street. But some in Wall Street are also making huge gains. BlackRock, the world’s largest asset manager, owned 9.2m shares in GameStop at the end of December, according to a regulatory filing. If it still holds all those shares, they were worth more than $3bn on Wednesday. The gains comes as thousands of small investors have poured into the stock and forced Wall Street hedge funds, including Melvin Capital and Citron, which were betting on GameStop’s collapse, to take billions in losses.

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Shouldn’t this have come from western leaders?

Putin Calls Out Big Tech In Davos (RT)

Big Tech companies have become rivals to governments, but there are doubts over the benefits of their monopoly for society, Russia’s President Vladimir Putin said, during a virtual meeting of the annual World Economic Forum. “Where is the line between a successful global business, in-demand services and consolidation of big data – and attempts to harshly and unilaterally govern society, replace legitimate democratic institutions, restrict one’s natural right to decide for themselves how to live, what to choose, what stance to express freely?” Putin wondered.


Addressing the role of social media giants in the recent election in the US, the Russian leader pointed out that these companies “in some areas have de facto become rivals to the government.” Billions of users spend large parts of their lives on the platforms and, from the point of view of those companies, their monopolistic position is favorable for organizing economic and technological processes, Putin explained. “But there’s a question of how such monopolism fits the interest of society,” he stressed.

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Oh please…

US Weighing Action Against Russia For Navalny Detention – Blinken (ZH)

A day after the Senate confirmed President Biden’s nominee, veteran diplomat Antony Blinken, as the secretary of state, Blinken gave his first press conference Wednesday afternoon. Revealing where Biden’s foreign policy emphasis will be over the coming months, he came out swinging against Putin (who else?) and Russia (in addition to mention of Iran and China in the course of the briefing), voicing that the US is “deeply concerned” about jailed opposition activist and politician Alexei Navalny. Blinken said the US administration is now mulling “actions in response to his detention in Russia,” according to Reuters. He highlighted continued concerns for Navalny’s “security and safety”. To review, Navalny is serving a 30-day jail sentence for skipping probation related to a 2014 criminal conviction.

He recently returned to Moscow from Berlin where he had been recovering from an alleged nerve agent poisoning in August. He and German investigators have claimed it was part of a Russian intelligence assassination attempt on orders from Putin, with the Russian president brushing off the accusations given Navalny is “not important enough” to be a target of state security and intelligence services. Navalny is now urging his supporters to the streets in defiance of the government. “We have a deep concern for Mr. Navalny’s safety and security and the larger point is that his voice is the voice of many, many, many Russians and it should be heard, not muzzled,” Blinken said in his statements, also noting the US is not ruling out any punitive action on the table.

He further said he finds it striking that the Putin government is so “frightened of one man, Mr. Navalny” – in an echo of earlier comments he made. Blinken said in the press briefing: “It remains striking to me how concerned and maybe even scared the Russian government seems to be of one man, Mr. Navalny.” He said the Biden White House is closely watching the human rights situation inside Russia, following Saturday protests where hundreds were reportedly detained in demonstrations and clashes with police which were deemed ‘unauthorized’.[..] “Blinken said at his first press briefing after being sworn in that the Biden administration was reviewing how to respond to actions by Russia, including the alleged use of chemical weapons in an attack on Navalny, the Solar Winds cyber attack, reports of bounties on American forces and interference in U.S. elections.”

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Looks good at face value.

But WSJ: “U.S. officials said it isn’t unusual for a new administration to review arms sales approved by a predecessor, and that despite the pause, many of the transactions are likely to ultimately go forward.”

Biden Freezes Arms Sales To Saudis & UAE (ZH)

On Wednesday the Biden administration issued a freeze of all US arms sales to Saudi Arabia and the United Arab Emirates at a moment Congressional scrutiny of America’s support to the Saudi-led coalition waging war in Yemen grows. US involvement in the war goes all the way back to the Obama administration, with Trump also in the last months of his presidency approving billions in new arms sales to the kingdom. In particular Lockheed Martin produced F-35 stealth fighters that were set to be transferred to the UAE the have been “temporarily” blocked along with munitions to the Saudis, among other sales. Prior reports suggested the prior Trump deal was to send as many as 50 advanced F-35 fighters to the UAE.


The AP cited officials who identified “that among the deals being paused is a massive $23 billion transfer of stealth F-35 fighters to the United Arab Emirates.” “That sale and several other massive purchases of U.S. weaponry by Gulf Arab countries had been harshly criticized by Democrats in Congress,” the report added. The State Department said of the “temporary pause” that it is “temporarily pausing the implementation of some pending U.S. defense transfers and sales under Foreign Military Sales and Direct Commercial Sales to allow incoming leadership an opportunity to review.” And Axios further details that “The sales of F-35 jets and attack drones to the UAE and a large supply of munitions to Saudi Arabia will be paused pending a review.” It added that it “signals a major policy shift from the Trump era, and may herald sharp tensions with both Gulf countries.”

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Well, yes, a unity where they get to call all the shots.

Do The Democrats Really Want Unity? (Turley)

Democrats are moving aggressively to muscle through an ambitious agenda in Congress that may raise serious constitutional questions and cause even greater political divisions. After noon, the real President Biden set to work on a host of executive orders. In the first two days, Biden signed almost three dozen new executive orders, ranging from stopping deportations of undocumented persons to extending a freeze on student loan payments, from mandating mask-wearing to guaranteeing access by transgender children to bathrooms and sports. Some of these executive orders, if implemented directly, could be challenged in court. However, Trump and other modern presidents have increasingly used such orders to set new priorities and policies.

What is happening on Capitol Hill is far more concerning. Democratic leaders are pushing Biden to act unilaterally, as did President Obama when faced with a divided Congress. Obama actually used his State of the Union address to declare his intent to circumvent the legislative branch after it refused to pass his legislation in areas such as the environment and immigration. Senate Majority Leader Chuck Schumer (D-N.Y.) and other Democrats have called on Biden to simply cancel student debt up to $50,000 per student, wiping out billions in debt and potential federal revenue. That is a major unilateral decision when the national debt is approaching $28 trillion — one done without debate or deliberation. (In fairness, students are being crushed by such debt during the pandemic and, more importantly, Congress previously gave broad authority to the Education secretary over debt management.)

Other calls for sweeping new decisions, from immigration to wealth distribution, are more concerning. Democrats insist they won both houses and the White House and, as President Obama once said, “elections have consequences.” However, this election was not an overwhelming victory or endorsement. Rather, it shows a country divided virtually down the middle. While voters clearly rejected Trump and his controversial leadership, they voted widely for Republicans down the ticket. The House saw a significant loss of Democratic seats and has one of the slimmest majorities in modern history. The Senate is divided literally in half, and a majority is only possible with Vice President Harris voting to break ties on the floor.

Clearly, voters did not support the agenda of the far left, and many seem to have preferred divided government. Yet, many on the left do not want to wait for a broader mandate to implement sweeping changes. They are pushing for the District of Columbia to be made a state, likely adding a two-vote majority for Democrats in the Senate. At the same time, there is a push to end the filibuster. Many Democrats are calling for Schumer to end that long-standing protection of minority rights in the Senate. Schumer has refused to guarantee that he will protect the filibuster tradition, even though he demanded that it be preserved during years of Republican Senate control.

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“Indian lands are not federal public lands. Any actions on our lands and interests can only be taken after effective tribal consultation.”

Indian Tribe: Biden Just ‘Attacked’ Our Sovereignty (TH)

The Ute Indian Tribe, the second largest Indian reservation in the United States, sent a letter to Acting Secretary of the Interior Scott de la Vega about President Joe Biden’s executive order that put a 60-day moratorium on permits relating to onshore and offshore oil and gas development. Those permits also include drilling. According to the Tribe’s Chairman, Luke Duncan, the executive order will have a harmful impact on his people. He is asking for the Department of the Interior to make an exemption to the order, allowing for permits to take place on tribal lands. “Your order is a direct attack on our economy, sovereignty, and our right to self-determination,” Duncan wrote. “Indian lands are not federal public lands. Any actions on our lands and interests can only be taken after effective tribal consultation.”


Duncan called on de la Vega to either completely withdraw the executive order or amend it so tribal sovereignty laws are respected. Last year, Congress passed the Great American Outdoors Act, which reallocates fees from drilling on Bureau of Land Management lands to the National Parks Service and National Forest Service. The money is used for maintaining those parks and forests. According to the Colorado Sun, BLM currently has 26.3 million acres under lease to oil and gas producers. Not having new permits threatens conservation efforts across the country.

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That should make him popular…

Proud Boys Leader Was ‘Prolific’ Informer For Law Enforcement (R.)

Enrique Tarrio, the leader of the Proud Boys extremist group, has a past as an informer for federal and local law enforcement, repeatedly working undercover for investigators after he was arrested in 2012, according to a former prosecutor and a transcript of a 2014 federal court proceeding obtained by Reuters. In the Miami hearing, a federal prosecutor, a Federal Bureau of Investigation agent and Tarrio’s own lawyer described his undercover work and said he had helped authorities prosecute more than a dozen people in various cases involving drugs, gambling and human smuggling. Tarrio, in an interview with Reuters Tuesday, denied working undercover or cooperating in cases against others. “I don’t know any of this,” he said, when asked about the transcript. “I don’t recall any of this.”


Law-enforcement officials and the court transcript contradict Tarrio’s denial. In a statement to Reuters, the former federal prosecutor in Tarrio’s case, Vanessa Singh Johannes, confirmed that “he cooperated with local and federal law enforcement, to aid in the prosecution of those running other, separate criminal enterprises, ranging from running marijuana grow houses in Miami to operating pharmaceutical fraud schemes.” Tarrio, 36, is a high-profile figure who organizes and leads the right-wing Proud Boys in their confrontations with those they believe to be Antifa, short for “anti-fascism,” an amorphous and often violent leftist movement. The Proud Boys were involved in the deadly insurrection at the Capitol January 6.

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The vaccine wars have started. Get yourself some vitamin D.

German Minister Sees COVID19 Vaccine Shortage Well Into April (R.)

Germany’s health minister said on Thursday he expects the current shortage of coronavirus vaccines to continue well into April, as the government faced new criticism over the pace of its vaccination programme. “We will still have at least 10 tough weeks with a shortage of vaccine,” Jens Spahn said in a Tweet, adding that he wanted to call a summit of federal and regional leaders in Germany to discuss vaccinations. On Thursday, Germany’s top-selling Bild newspaper described the problems around procuring enough vaccines as a “scandal”. Spahn said he wanted to invite pharmaceutical companies and the manufacturers of vaccines to a meeting, to make sure that Europe gets its fair share of shots and to see where it was possible to do more to support the process.


He added that he recognised that producing vaccines was very complicated and building up production could not just be done in a few weeks if quality standards were to be upheld. On Tuesday, Spahn supported European Union proposals to set up a register of exports of COVID-19 vaccines, as tensions grow with AstraZeneca and Pfizer over sudden supply cuts just a month after the bloc started vaccinating citizens. Germany reported 17,553 new coronavirus cases on Thursday, bringing the total to 2,178,828, and another 941 deaths. [..] Germany is preparing entry restrictions for travellers from Britain, Brazil and South Africa, the interior ministry said on Thursday, as concerns of more contagious coronavirus variants are rising.

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800 million rural population.

Farmers’ Protests Reflect Existential Crisis of Indian Agriculture (OffG)

With over 800 million people, rural India is arguably the most interesting and complex place on the planet but is plagued by farmer suicides, child malnourishment, growing unemployment, increased informalisation, indebtedness and an overall collapse of agriculture. Given that India is still an agrarian-based society, renowned journalist P Sainath says what is taking place can be described as a crisis of civilisation proportions and can be explained in just five words: hijack of agriculture by corporations. He notes the process by which it is being done in five words too: predatory commercialisation of the countryside. And another five words to describe the outcome: biggest displacement in our history.

In late November 2018, a charter was released by the All India Kisan Sangharsh Coordination Committee (an umbrella group of around 250 farmers’ organisations) to coincide with the massive, well-publicised farmers’ march that was then taking place in Delhi. The charter stated: “Farmers are not just a residue from our past; farmers, agriculture and village India are integral to the future of India and the world; as bearers of historic knowledge, skills and culture; as agents of food safety, security and sovereignty; and as guardians of biodiversity and ecological sustainability.” The farmers stated that they were alarmed at the economic, ecological, social and existential crisis of Indian agriculture as well as the persistent state neglect of the sector and discrimination against farming communities.

They were also concerned about the deepening penetration of large, predatory and profit hungry corporations, farmers’ suicide across the country and the unbearable burden of indebtedness and the widening disparities between farmers and other sectors. The charter called on the Indian parliament to immediately hold a special session to pass and enact two bills that were of, by and for the farmers of India. If passed by parliament, among other things, the Farmers’ Freedom from Indebtedness Bill 2018 would have provided for the complete loan waiver for all farmers and agricultural workers.

The second bill, The Farmers’ Right to Guaranteed Remunerative Minimum Support Prices for Agricultural Commodities Bill 2018, would have seen the government take measures to bring down the input cost of farming through specific regulation of the prices of seeds, agriculture machinery and equipment, diesel, fertilisers and insecticides, while making purchase of farm produce below the minimum support price (MSP) both illegal and punishable.

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And anyone else you don’t like.

Twitter Releases New Community-Based Tool To Find Witches (BBee)

SALEM, MA—In a new, innovative way to handle the growing problem of witchcraft, Twitter’s Salem division has now released a community-based tool, Witchwatch, to crowdsource witch identification. “Instead of having all the decision-making of who is and who isn’t a witch in the hands of a few magistrates,” said Chief Magistrate William Stoughton, “we’re going to empower the community to identify all those who have had congress with the devil.” Anyone can apply to be a part of Witchwatch (though those who have previously been accused of witchcraft will be disqualified).


Participants in Witchwatch will receive a form on which they can write down suspected witches, supporting each accusation with evidence of witchcraft, such as unexplained illness or failing crops. = If enough different individuals accuse the same person of witchcraft, that person will have a “suspected witch” warning accompanying everything he or she says. And with even more accusations, the suspect will be burned at the stake.= “It’s a great system that’s already correctly identified witches in a few test markets,” Stoughton said. “We’ll soon release it throughout all of Salem and then hopefully after that, it can be used to combat the problem of witches worldwide.”

Read more …

 

 

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Jan 212020
 


Alfred Palmer U.S. Marine Corps glider detachment training camp, Parris Island, SC 1943

 

Davos Man Is Richer Than Ever (BBG)
Markets Tumble As Human-to-Human Transmission Coronavirus Confirmed (ZH)
Flynn’s Lawyer: FBI Agents Wrote Flynn Didn’t Lie, We Have Eyewitness (ET)
McConnell Proposes Compressed Schedule For Impeachment Trial (Hill)
How The Senate Trial’s First Day May Proceed (Fox)
White House Appoints GOP House Members To Advise Trump’s Impeachment Team (Hill)
Chief Justice Roberts Under Pressure From Both Sides In Witness Fight (Hill)
Boeing Scrambles to Borrow $10 Bn After $43 Bn in Share-Buybacks (WS)
Putin Sends His Constitutional Proposals to Parliament (ET)
Martin Luther King and the Black Revolutionary Tradition (Eric Mann)
Ukraine, China Knew Hunter Biden Was Chronic Drug Addict, Hired Him Anyway (GP)
Former OPCW Specialist Ian Henderson Speaks At UN (YT)

 

 

I said all I have to say about this in yesterday’s Go Home Greta.

Davos Man Is Richer Than Ever (BBG)

Davos Man is richer than ever. A decade after the financial crisis poured flat champagne on the World Economic Forum, gold-collar executives set to gather there this week have bounced back, and then some. David Rubenstein has doubled his fortune since 2009. Jamie Dimon has more than tripled his net worth. And Stephen Schwarzman has increased his wealth six-fold.It’s a remarkable showing given the economic and political tumult of the past decade, from Lehman Brothers to Brexit to Donald Trump. The fortunes of a dozen 2009 Davos attendees have soared by a combined US$175 billion, even as median U.S. household wealth has stagnated, a Bloomberg analysis found.

The data illustrate the ever-widening gap between the true haves—those in the 0.1 percent—and the have-nots of a global economy. Data from UBS and PwC Billionaires Insights reports show that global billionaire wealth has grown from $3.4 trillion in 2009 to $8.9 trillion in 2017.Central bank actions to fight the financial crisis—record low interest rates and bond-buying programs—have underpinned this ballooning wealth by driving up the prices of stocks and other assets.“Ten years ago, ironically at the lows of the market, what you wanted to own was capital and if you did own capital you did incredibly well,” said Michael Hartnett, Bank of America Corp.’s chief investment strategist. It means Davos Man—the conference remains overwhelmingly male—exerts more authority and visibility than ever.

Dimon is returning to the WEF with JPMorgan Chase & Co. larger and more profitable than ever. Schwarzman—recognizable in his tan winter coat over suit—has built Blackstone Group LP into the world’s largest alternative asset manager with $457 billion of assets as of Sept. 30, 2018, up from $95 billion at the end of 2008. And Davos remains as popular as ever. The forum—titled Globalization 4.0—is expected to host 3,000 people. This year, George Soros is hosting a dinner at which he will speak and Dimon’s JPMorgan is throwing a drinks party. Bill Gates will be present again as will billionaire Carlyle Group co-founder Rubenstein, who hosts a show on Bloomberg Television and whose fortune has doubled over the past decade.

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“There are now sufficient cases that it’s not going to die out by chance..”

Markets Tumble As Human-to-Human Transmission Coronavirus Confirmed (ZH)

Dow futures are down over 100 points, AsiaPac equity markets are down harder, and Treasuries are well bid along with gold after a Chinese officials confirmed the coronavirus can be spread by human-to-human contact, and the deadly disease is spreading to other asian nations. “Now we can say it is certain that it is a human-to-human transmission phenomenon,” Zhong Nanshan, a scientist who is leading a government-appointed expert panel on the outbreak, said in an interview on state-run television on Monday. As The New York Times reports, cases have been reported outside China.

“The authorities in Thailand detected the new coronavirus last week in two Chinese women who had flown from Wuhan to Bangkok on separate trips. The government said the women, aged 74 and 61, were in good condition. In Japan, a Chinese man who returned from Wuhan on Jan. 6 was also confirmed to have the disease. He was discharged after five days in a hospital. South Korea confirmed its first case of the coronavirus on Monday in a 35-year-old Chinese woman from Wuhan who arrived on Sunday at Incheon International Airport, which serves Seoul. The woman was found with a fever, muscle pain and other symptoms while going through customs and was immediately quarantined for tests, said Jung Eun-kyeong, director of the Korea Centers for Disease Control and Prevention.

The woman was traveling with five other people intending to spend the Lunar New Year holidays in South Korea and Japan, Ms. Jung said. South Korean officials were running tests on anyone believed to have come in contact with the woman in the plane, she said.” And fear of a SARS 2.0 outbreak have sparked risk-off trades in early Asia trading. “There are now sufficient cases that it’s not going to die out by chance,” said Neil Ferguson, a public health expert at Imperial College London who has studied the new virus.

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Michael Flynn’s destiny was turned on its head in June 2019 when he hired Sidney Powell. Good on him. Still wondering how he got from near bankruptcy to hiring an A-list lawyer.

Flynn’s Lawyer: FBI Agents Wrote Flynn Didn’t Lie, We Have Eyewitness (ET)

Sidney Powell, lawyer of Lt. Gen. Michael Flynn, said the FBI excluded crucial information from a report on their interview of her client. The report, an FBI 302 form, was used to charge Flynn with lying to the FBI, but the original draft of the 302 stated that Flynn was honest with the FBI, according to a witness who saw the draft, Powell said. Flynn, former head of the Defense Intelligence Agency and former national security adviser to President Donald Trump, pleaded guilty on Dec. 1, 2017, to one count of lying to FBI agents during a Jan. 24, 2017, interview. A 302 report summarizing the interview was supposed to be filed within five days. But the earliest draft Flynn’s lawyers were provided was from Feb. 10, 2017—more than two weeks after the interview.

Powell, who took over Flynn’s defense in June 2019, has for months asserted that an earlier 302 must exist. Prosecutors have said they don’t have it, stopping short of saying it doesn’t exist. In an Oct. 24, 2019, court filing, Powell rejected the suggestion that the 302 draft was “missing,” saying neither the bureau nor its digital document system “loses the most important of its reports that is supposed to support the federal felony of the President’s National Security Adviser.” On Jan. 16, Powell disclosed that she has a witness who could attest to what was in the original draft. “I’ve now found a witness who says the original 302 did in fact say that Flynn was honest with the agents and did not lie,” she told Larry O’Connor on his WMAL radio show. “So for somebody to delete that from the 302 is just beyond outrageous.”

She didn’t elaborate much further when asked by The Epoch Times. “Can’t say more about witness but yes, person saw it,” she said via email. [..] In June 2019, after Flynn fired his original lawyers and hired a new legal team led by Powell, prosecutors asked Flynn to testify that he signed [his now-defunct consultancy, Flynn Intel Group (FIG)]’s lobbying forms knowing there were lies in them. He refused, saying he only learned there was something wrong with the registration in retrospect. That angered the lead prosecutor, Brandon Van Grack, notes from a June 27, 2019, conference call indicate. Powell said that ever since then, the prosecutors’ behavior has been “retaliatory, vindictive, and in bad faith” because Flynn refused to lie.

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Every comma must now be vehemently protested.

McConnell Proposes Compressed Schedule For Impeachment Trial (Hill)

House impeachment managers will have 24 hours over two days to make their opening arguments when they begin to present their case against President Trump to the Senate Wednesday, according to a resolution circulated by Senate Majority Leader Mitch McConnell (R-Ky.). President Trump’s team similarly will have two days to present their arguments and then senators will have a chance to ask questions and consider subpoenas of witnesses. The resolution, as expected, does not require additional witnesses to be subpoenaed and does not allow House prosecutors to admit evidence into the Senate trial record until after the opening arguments are heard.

Senate Democratic Leader Charles Schumer (D-N.Y.) quickly pushed back and vowed to force votes on amendments. “Sen. McConnell’s resolution is nothing short of a national disgrace,” Schumer said in a statement Monday afternoon. Both sides will have 24 hours to make their first round of arguments — the same amount of time House impeachment managers and Bill Clinton’s lawyers received in 1999, but on a more compressed time schedule than required more than 20 years ago.

The resolution includes language favored by Sen. Susan Collins (R-Maine) and other GOP moderates requiring a debate and vote on subpoenaing new witnesses and documents. Sen. Lamar Alexander (R-Tenn.), who worked with McConnell and Collins to modify the resolution, said it “guarantees a vote on whether we need additional evidence at the appropriate time.” A Senate GOP leadership aide noted that prosecutors in the Clinton trial didn’t use all of their allotted time and finished their opening arguments within three days. Schumer argues that forcing House managers to cram their opening arguments into a two-day window will force them to present on the Senate floor well into the evening and possibly past midnight.

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A handy guide.

How The Senate Trial’s First Day May Proceed (Fox)

Here is how things are expected go down Tuesday in the Senate for President Trump’s impeachment trial. By rule, the trial session begins at 1 p.m. ET. Expect to see Senate Sergeant-at-Arms Michael Stenger reprising his role from last week, bringing order to the Senate. Stenger may appear at other points along the way, too. The first order of business for the Senate will be to swear-in Sen. Jim Inhofe, R-Okla. Inhofe wasn’t present last week when all other senators were sworn in. He was attending to a family emergency. Then, there will be some short, administrative activity for documents, et al. Viewers are likely to see two women on the dais, whispering to Chief Justice John Roberts, giving advice and passing messages.

They are Senate Parliamentarian Elizabeth MacDonough and Assistant Parliamentarian Leigh Hildebrand. Once the Senate gets through the basics, it’s time for Senate Majority Leader Mitch McConnell, R-Ky., to offer his resolution dictating the parameters of the trial. McConnell’s proposal is formally known as a “motion” in Senate parlance. And, by rule, the Senate then has two hours per side to debate the McConnell plan. The Senate will have to eat up all of that two hours, unless there is unanimous consent – meaning all 100 senators agree — to cut things short. The seven House managers and members of Trump’s defense team – not any senators – would debate the proposal. So, barring anything strange, this probably gets us close to 3:30 p.m. ET.

Then, it’s up to Senate Minority Leader Chuck Schumer, D-N.Y., to offer his counter-proposal. The Senate has something known as “the amendment tree.” One could think of the McConnell proposal as the “trunk” of the tree. Schumer’s proposal is a “branch” of the tree. Schumer’s proposal, or proposals – so, sprigs growing off of the Schumer branch of the tree – all would represent possible amendments on which the Senate likely will have to debate and conduct a roll call vote on Tuesday evening. What will Schumer propose? Different time allocations for the trial? Different times when they start or stop the arguments? Proposals on witnesses and documents? By rule, Schumer’s proposal gets two hours of debate as well, with no senators participating in the debate — just the impeachment managers and the president’s counsel.

Timing: If they do this by the book, we probably get 5:30 or 6 p.m. ET, if not later. However, a potential wild card is afoot. Fox News is told to expect a closed Senate session after these two debates, meaning lawmakers essentially would kick everyone out of the chamber: the public, the media, the president’s legal team and the impeachment managers. The only people left: senators, Roberts and essential floor staff. Fox News has no idea how long this could go, but it would happen in the Senate chamber itself, not the Old Senate Chamber.

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“..provided guidance to the White House team, which was prohibited from participating in the proceedings concocted by Democrats in the House of Representatives”

White House Appoints GOP House Members To Advise Trump’s Impeachment Team (Hill)

The White House announced Monday that President Trump appointed several prominent Republican House members to advise his impeachment defense team ahead of the Senate trial set to begin this week. GOP Reps. Jim Jordan (Ohio), John Ratcliffe Texas), Mike Johnson (La.), Mark Meadows (N.C.), Debbie Lesko (Ariz.), Lee Zeldin (N.Y.), Elise Stefanik (N.Y.) and Doug Collins are set to play leading roles. A statement from the White House said the lawmakers “have provided guidance to the White House team, which was prohibited from participating in the proceedings concocted by Democrats in the House of Representatives” throughout the House proceedings and would continue to do so in the Senate.

The lawmakers served as some of the president’s strongest allies during the House’s impeachment proceedings, adamantly defending the president’s dealings with Ukraine. Jordan, a firebrand conservative who serves as the top Republican on the House Oversight and Reform Committee and a leading member of the House Freedom Caucus, has garnered a reputation for being one of Trump’s most aggressive attack dogs on impeachment.

Ratcliffe, who sits on the House Intelligence Committee and served as U.S. attorney for the Eastern District of Texas before being elected to Congress, was previously tapped by the president last year to become the director of national intelligence before he withdrew from consideration. His line of questioning during the public hearings was widely praised by his GOP colleagues in the House. Collins, the top Republican on the House Judiciary Committee and confidant to the president, played a key role in pushing back against Judiciary Chairman Jerrold Nadler (D-N.Y.) during the final hearings. And Johnson, the chairman of the Republican Study Committee who also sits on the House Judiciary Committee, practiced constitutional law.

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Roberts may regret this job.

Chief Justice Roberts Under Pressure From Both Sides In Witness Fight (Hill)

Senate Democrats are pressing Chief Justice John Roberts to rule in favor of calling witnesses at President Trump’s impeachment trial, while Republicans argue it could force his recusal from potential Supreme Court cases. Democrats say it’s simple: A trial can’t be a fair one without witnesses. Republicans counter that if Roberts rules on witnesses, he will have to recuse himself from any Supreme Court case on Trump’s claims of executive privilege over potential witnesses like former national security adviser John Bolton and acting White House chief of staff Mick Mulvaney. “I don’t know how you have a serious trial unless you hear from witnesses who know in fact what the facts are, what happened,” said Sen. Bernie Sanders (I-Vt.).

“I think it would be appropriate for the chief justice to do what I think should be done, and that is to allow witnesses to testify,” he added. While Roberts is expected to refer major disputes over trial procedures to the entire Senate for a vote, some Democrats hope he will make his own rulings on what they say are basic questions of fair jurisprudence. Democrats argue that holding a trial but blocking the consideration of relevant witness testimony and document review would fall well short of what’s considered a fair trial in any court of law.

“We’ve been working to get an agreement with Republicans about the relevant witnesses for the trial and relevant documents and we’re continuing that effort,” said Sen. Chris Van Hollen (D-Md.). “Those types of questions will have to be considered as the trial proceeds.” Senators who want Roberts to intervene have pointed to the precedent set by then-Chief Justice Salmon P. Chase in the 1868 impeachment trial of President Andrew Johnson. Chase broke two ties on procedural deadlocks, including a vote on whether he could break ties.

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All you need to know: “..its total liabilities ($136 billion) exceed its total assets ($132 billion)..”

Boeing Scrambles to Borrow $10 Bn After $43 Bn in Share-Buybacks (WS)

The first thing to know about Boeing’s mad scramble to line up “$10 billion or more” in new funding via a loan from a consortium of banks, on top of the $9.5 billion credit-line it obtained in October last year – efforts to somehow get through its cash-flow nightmare caused by the 737 MAX fiasco – is that the company blew, wasted, and incinerated $43.4 billion to buy back its own shares since June 2013, having become a master of financial engineering instead of aircraft engineering. If Boeing had focused on its business – such as designing a new plane instead of doctoring an ancient design to save money and time – and if it hadn’t blown $43 billion on share-buybacks but had invested this money in a new design, those two crashes wouldn’t have occurred, and it wouldn’t have to beg for cash now.


The chart below shows the cumulative share-buybacks in billions of dollars since Q1 2009. In Q2 2019, it belatedly halted the share buybacks. As is always the case with share buybacks, the idea is to buy high in order to drive shares even higher. This is what you learn on the first day of Financial Engineering 101. So Boeing stopped buying back its shares in Q1 2009 when its shares had plunged into the $35-range, at which point they were a good deal, and then recommenced share-buybacks in Q2 2013 when its shares had already risen to the $100-range.

The second thing to know about Boeing’s mad scramble to borrow another $10 billion is that it already has a huge amount of debt and other liabilities, and that its total liabilities ($136 billion) exceed its total assets ($132 billion) by about $4 billion as of September 2019, meaning that it has negative net equity, that the share buybacks have destroyed its equity, which is what share buybacks do to the balance sheet. It also means that every dime in “cash” and “cash equivalent” listed on the balance sheet is borrowed. And this is about to get a whole lot worse. In October 2019, Boeing had already obtained a new credit line of $9.5 billion, which about doubled the size of its existing credit line. Credit lines serve as liquidity backup. And now Boeing is scrambling to pile “$10 billion or more” in new loans on top of it.

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Note: Putin will be President until 2024.

Putin Sends His Constitutional Proposals to Parliament (ET)

Russian President Vladimir Putin on Monday submitted to parliament a package of constitutional amendments widely seen as an attempt to secure his grip on power well after his current term ends in 2024. Putin first presented the proposed changes in his state-of-the-nation address Wednesday, arguing they are intended to bolster the role of parliament and strengthen democracy. Kremlin critics have argued that they are intended to allow his rule for life. The Kremlin-controlled lower house, the State Duma, received a draft bill on constitutional proposals from the Kremlin and quickly scheduled the first of three required readings for Thursday.


Putin, 67, has been in power for more than 20 years, longer than any other Russian or Soviet leader since Josef Stalin, who led from 1924 until his death in 1953. Under the law now in force, Putin must step down as president when his current term ends. Putin proposed that the constitution must specify the authority of the State Council, an advisory body that consists of regional governors and top federal officials. The Kremlin’s constitutional bill submitted to parliament empowers the Council to “determine the main directions of home and foreign policy,” its specific authority yet to be spelled in a separate law. Observers say that the proposed changes could allow Putin to stay in charge by shifting into the position of the Council’s head.

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Mann: “..in 1964 I was a field secretary with the Congress of Racial Equality”. Long piece.

Martin Luther King and the Black Revolutionary Tradition (Eric Mann)

Every year, until The Revolution comes again, the counter-revolution manipulates the historic birthday of Dr. Martin Luther King, that so many people fought for, as their symbol of Black “integration” into imperialism and “non-violent” acquiescence to, at best, Barack Obama’s cynical negation of his dream. As Donald Trump has just assassinated Iranian General Quassem Soleimani—with Democratic Party token opposition at best and acquiescence at worse, Dr. King reminds us that “the United States, my government, is the greatest purveyor violence in the world.”

As Bernie Sanders and Elizabeth Warren squabble for position and too often, reduce the meaning of life to a barren economic populism, Dr. King reminds us that U.S. society is a moral disgrace and we need a revolutionary movement to challenge its “racism, militarism, poverty, and materialism.” His thoughts offer Democrats and the Movement a challenge. There is an urgent need for a revolutionary worldview to challenge the racism and reaction of Donald Trump’s Make America Great fascist appeal. Meanwhile, on the ground, Black and Latino communities and the world are suffering the worst political, economic, and ecological catastrophe with little help in sight. In this context the most engaged and introspective study of Dr. King’s theory and practice is an urgent corrective than can offer hope and inspiration.

“Like anybody, I would like to live – a long life; longevity has its place. But I’m not concerned about that now. I just want to do God’s will. And He’s allowed me to go up to the mountain. And I’ve looked over. 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. So I’m happy, tonight. I’m not worried about anything. I’m not fearing any man. Mine eyes have seen the glory of the coming of the Lord.”

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To blackmail Joe?!

Ukraine, China Knew Hunter Biden Was Chronic Drug Addict, Hired Him Anyway (GP)

Hunter Biden’s first arrest may have been when he was 18. Hunter was arrested on Jersey Shore related to drug charges in 1988 and had his record expunged. Many years later and after several stops into drug treatment facilities Hunter joined his father the Vice President on a trip to China in 2013 where Hunter — inexperienced and out of place — was able to secure a $1.5 billion from China for private equity fund which he was forming at the time. A year later in early 2014 Hunter was discharged from the Navy for testing positive for cocaine. Then in April 2014, just a couple months later, Hunter Biden Hunter joined the Board of Burisma Holdings in the Ukraine. Hunter served on the Board until early 2019. Hunter was paid approximately $50,000 a month in his position.

The largest oil and gas company in the Ukraine hired a chronic drug addict only a few months after the addict was removed from the US Navy for doing cocaine. In 2016 Hunter Biden returned a rental car with a crack pipe with cocaine residue and a small amount of a white, powdery substance. Hunter was never charged with a crime. In 2018 the IRS placed a tax lien on Hunter Biden seeking $112,805 in unpaid taxes from 2015. And according to Page Six, Hunter Biden allegedly spent time at Larry Flynt’s Hustler Club in New York City in 2018. Hunter allegedly ordered pricey booze, was joined by several strippers in a private room while he did drugs and had strippers run to find him a dildo. These are just a few of the allegations against Hunter Biden. After years of drug abuse there are likely many more episodes not yet public.

Any foreign intelligence service worth their salt would have known Hunter Biden was a chronic drug addict. China and the Ukraine, and likely others, hired Hunter Biden anyway. [..] How many times was Joe Biden warned of his dangerous actions related to his drug addicted son? Will the liberal media ever investigate this? Do Americans really believe that this man and his son should be President? Joe and Hunter Biden would destroy the American dream if Joe was elected President. They would blow it away!

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The text here is a Twitter thread from Philip Watson.

Former OPCW Specialist Ian Henderson Speaks At UN (YT)

The damning words of Ian Henderson at tonight’s OPCW United Nations Security Council Arria-Formula Meeting called for by the #Russia-n Federation into the #Douma affair. All words that follow are direct quotes from Mr Henderson.

“I need to point out from the outset, I am not a whistleblower. I don’t like that term. I am a former OPCW specialist who has concerns in many areas and I consider this a legitimate and appropriate forum to explain again these concerns.” “Secondly, I must point out that I hold the OPCW in the highest regard. As well as the professionalism of the staff members who work there. ” “However the concern I have does relate to some specific management practices in certain sensitive missions. The concern, of course, relates to the FFM investigation into the alleged chemical attack on the 7th April in Douma in Syria.”

“My concern, which is shared by a number of other inspectors, relates to the subsequent management lock-down and the practices in the later analysis and compilation of the final report. ” “There were 2 teams deployed, 1 team which I joined shortly after the start of field deployments was to #Douma in Syria, the other team deployed to Country X. ” The main concern relates to the announcement in July/18, of a new concept, the so-called FFM Core Team which essentially resulted in the dismissal of all the inspectors who’d been on the team deployed to locations in Douma and had been following up with their findings & analysis. “The findings of the final FFM report were contradictory, were a complete turn-around, with what the team had understood collectively. ”

“During and after the Douma deployments and by the time of release of the interim report in July 2018 our understanding was that we had serious misgivings that a chemical attack had occurred. ” “What the final FFM report does not make clear and thus does not reflect the views of the team members who deployed to Douma. (In which case I can really only speak for myself at this stage)” “The report did not make clear what new findings, facts, information, data or analysis in the fields of witness testimony, toxicology studies, chemical analysis, engineering and or ballistics studies…” “..had resulted in a complete turn-around in the situation from what was understood by the majority of the team and the entire Douma team in July 2018.”

“In my case I had followed with a further 6 months of engineering and ballistics studies into the cylinders. The results of which had provided further support for the view there had not been a chemical attack.” “This needs to be properly resolved, we believe (Douma FFM Team), through the rigours of science and engineering. In my situation it is not a political debate. I’m very aware that there is a political debate surrounding this.” “Perhaps a closing comment from my side, is that I was also the inspection team leader who developed and launched the inspections, the highly intrusive inspections, of the Barzah SSRC facility outside of Damascus.” “And I did the inspections and wrote the reports for the 2 inspections prior to and the inspection after the chemical facility, or the laboratory complex at Barzah SSRC, had been destroyed by the missile strike. That however is another story altogether.”

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Nadler Says Dems Unwilling To Negotiate Hunter Biden Testimony (Fox)
Warren Joins Bernie in Jabbing Biden on Social Security (Pol.)
Lindsey Graham Broke My Heart’ (Amy Klobuchar)
John Durham Investigaties Months Before Mueller Appointment (WE)
India’s Half-Finished “Ghost Towns” Leave Middle Class In Crisis (ZH)
Boris Johnson Urged To Publish Report On Russian Meddling (G.)
World’s Richest 2,000 People Hold More Than Poorest 4.6 Billion Combined (R.)
UN Decarbonisation Target For Shipping To Cost Over $1 Trillion (R.)
Oil Firms Risk Public Backlash If Profits Put Before Climate, Says IEA (G.)
EU Could Waste €29bn On Gas Projects Despite Climate Action Plan (G.)
Huge Dust Storms In Australia Hit Central New South Wales (AAP)

 

 

Warming up for the fight. Get your gloves on, check ’em twice, practice some jabs in front of the mirror, have a last drink of water and let the trainer put in your mouthguard. This may get ugly.

Nadler Says Dems Unwilling To Negotiate Hunter Biden Testimony (Fox)

Rep. Jerry Nadler, D-N.Y., one of the House impeachment managers, dismissed on Sunday any notion that Democrats would be willing to negotiate on witnesses called during the Senate trial – adding that Republicans who want to block or negotiate what witnesses testify are “part of the cover-up.” Nadler, who as chairman of the House Judiciary Committee led the writing of the articles of impeachment brought against President Trump, said that all “relevant witnesses must be heard” and balked at the idea of Democrats agreeing to having former Vice President Joe Biden’s son Hunter testify in exchange for the witnesses Democrats want to hear from.


“This whole controversy about whether there should be witnesses is really a question about does the Senate want to have a fair trial or are they part of the cover-up of the president,” Nadler said during an interview on CBS’ “Face The Nation.” Nadler added that “Hunter Biden has no knowledge of the accusations against the president.” “Any Republican senator who says there should be no witnesses, or even that witnesses should be negotiated, is part of the cover-up,” Nadler added.

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The Warren campaign has noticed Bernie’s gains after attacking Biden. They want a piece of the action.

Warren Joins Bernie in Jabbing Biden on Social Security (Pol.)

Elizabeth Warren hit Joe Biden for his past stances on changing Social Security and expressed solidarity with Bernie Sanders on the issue as the two liberal senators seek to move past their recent feud. “Bernie Sanders and I established the ‘Expand Social Security Caucus’ in the Senate,” Warren said in a quick interview as she hopped into her car outside a candidate forum in Iowa. “As a senator, Joe Biden had a very different position on Social Security, and I think everyone’s records on Social Security are important in this election.” Warren’s comments come as Sanders has been relentlessly bashing Biden for his past openness to freezing cost-of-living spikes or raising the retirement age as part of larger bipartisan deals — proposals that Sanders opposed during his time in Congress.


Warren linking arms with Sanders on the issue also comes after long-simmering tensions between the two exploded into the open this week. The campaigns have been trying to move on from the conflict — which climaxed Tuesday night when each accused the other of calling them a “liar” on the stage immediately following the debate —and are largely not responding to media questions about the rift. The Social Security issue provides a potential opportunity for a liberal tag-team against Biden as both senators have long fought to expand the program and have rolled out plans on the campaign trail.

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The NYT endorsed Warren and Klobuchar yesterday. Everyone yawned. At least seeing Klobuchar praise McCain and Poroshenko means there’s no doubt where she stands. War it is.

Lindsey Graham Broke My Heart’ (Amy Klobuchar)

Transcript from Sen. Amy Klobuchar interview with the editorial board of The New York Times:

Who has broken my heart? O.K., so here we go. Lindsey Graham’s broken my heart lately in the political system. Senator Lindsey Graham has transformed from a Trump critic, who called the president “xenophobic” and “race-baiting,” to one of his most staunch supporters. He told The Times Magazine, “If you don’t want to get re-elected, you’re in the wrong business.” Just because I like him and know him really well and traveled with him and Senator McCain all over the, all over the world. I’m just more thinking of Senator McCain and how much I miss him right now because I think he would have been really strong on Ukraine and on standing up against some of the things the president did and he’s no longer with us.

And Lindsey and McCain and I were actually on the front line with former President Poroshenko in a blizzard on New Year’s Eve, and I think about this now every New Year’s Eve — because John McCain wanted to show — after Trump got elected — wanted to show those countries that we were on their side. And so of course I was disappointed with how the Kavanaugh hearing was handled. I think everyone could see me on TV to see that, but I just hope that he has the ability to rise up here, and has a very important job right now as chair of the Judiciary Committee and certainly smart enough and has shown some tendency in the past to stand up for things and I just wish he would do it again when it comes to this conduct and a whole range of issues about our judicial system.

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Meanwhile, in the background:

John Durham Investigaties Months Before Mueller Appointment (WE)

A trail of documents has reportedly led Attorney General William Barr’s handpicked federal prosecutor to focus his inquiry into the origins of the Russia investigation on the first several months of President Trump’s tenure. John Durham, a U.S. attorney from Connecticut, is zeroing in on the period spanning from January 2017, when Trump took office, to May of that year. A “strong” paper trail, as CBS News senior investigative correspondent Catherine Herridge put it on Friday, has led the investigation into possible misconduct by federal law enforcement and intelligence officials to that time frame.

While Trump and his allies have championed Durham’s effort, Democrats have dismissed the allegations of wrongdoing during the Trump-Russia investigation and are concerned the inquiry may be an effort to discredit the work of special counsel Robert Mueller. Trump gave Barr full declassification authority for the endeavor. Barr and Durham have traveled around the world for the investigation, and Durham’s team has already asked witnesses about possible anti-Trump bias among former FBI officials.

The secretive DOJ inquiry includes scrutiny of former CIA Director John Brennan, former Director of National Intelligence James Clapper, former FBI special agent Peter Strzok, and British ex-spy Christopher Steele. In October, it was reported that Durham was expanding the scope of his investigation, adding agents and resources, to examine the post-election timeline up to the appointment of Mueller as special counsel in May 2017. The “investigation into the investigators” was reported to be upgraded to a criminal inquiry later that month, which would give Durham the power to impanel a grand jury and hand down indictments. Durham has also reviewed the Intelligence Community’s conclusions about Russian interference in the 2016 election.

Little else is known about the investigation other than that Durham is exploring whether a crime was committed by Kevin Clinesmith, a former FBI lawyer who was found by the Justice Department Inspector General Michael Horowitz to have altered a document during the FBI’s efforts to obtain a Foreign Intelligence Surveillance Act warrant renewal to continue wiretapping onetime Trump campaign adviser Carter Page. Among those known to be cooperating with Barr is retired Adm. Michael Rogers, the former director of the National Security Agency who has a history of uncovering FISA violations.

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US, EU, China, India, everyone gets their turn.

India’s Half-Finished “Ghost Towns” Leave Middle Class In Crisis (ZH)

If you thought the American housing market was a mess during the immediate aftermath of the collapse, wait until you read about what’s going in India. Rapid economic growth and the government’s gradual economic liberalization have caused the ranks to India’s middle class to boom. The emerging Hindu middle class is already reshaping Indian society: Prime Minister Narendra Modi owes his electoral victories to this group, and his reform agenda was designed with the goal of sheparding even more of the country’s 1.4 billion citizens into the higher income bracket.

Modi’s first term included several important reforms, including simplifying India’s byzantine tax system and instituting a simplified system for taxing goods and services (though some argue that it must still be simplified further. He’s also helped modernize the country’s bankruptcy laws. But as the country’s growing wealth has sparked a flight from India’s crowded urban slums to its more spacious suburbs, they’re struggling with a shortage of homes, a shortage that has been made even more intense thanks to roughly half a million apartments that have been sitting unfinished for years.

Across the country, outside major cities like New Delhi and Mumbai, hundreds of developments have been stranded by developers, many of which have declared bankruptcy, or simply run out of money to finish the projects, according to the Wall Street Journal. India’s banks, already saddled with bad loans, are refusing to lend any more money to the developers. As a result, millions of Indians who put up their life savings as a down payment on a new, yet-to-be-built apartment have essentially been left bereft, with no money and nowhere to live. Most are now making ends meet by cutting out any and all luxuries, and relying on friends and family, as they wait to see if the apartments they paid for will ever be finished.

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If the Royal Family can’t unite the nation, there’s always the Big Bad Wolf.

Boris Johnson Urged To Publish Report On Russian Meddling (G.)

The SNP’s leader at Westminster has written to Boris Johnson demanding that he take immediate steps to allow the suppressed report into Russia’s interference in the British political system to be published. Ian Blackford, the leader of the third-largest party in the Commons, called on the prime minister to begin appointing members of parliament’s intelligence and security committee, necessary to allow the controversial document to be released. “It is unacceptable that your government has repeatedly and intentionally failed to take steps to establish the committee and has sought to escape scrutiny on vital issues,” Blackford writes in a letter that has been shared with the Guardian.

“The public interest and the imperative is and has always been clear: lift your sanction on publishing this report and re-establish the intelligence and security committee so that it can be immediately published,” the SNP MP added. A report on Russia’s spying activities against the UK and its attempts to penetrate the British establishment had been prepared by the committee in the last parliament, and had been made ready to publish when the election was called. Members of the committee saw evidence of Russian infiltration in Conservative political circles, but it is unclear how much of that concern reached the final document, which some sources say was watered down even before it went to Johnson.

Ministers have repeatedly said there are no examples of “successful Russian interference” in the 2016 EU referendum or an election, although there is scepticism as to whether that has been properly investigated. The report was nevertheless awaiting final clearance from Downing Street, to check it did not contain any classified information, when the election was called. No 10 said it was not possible to clear it in time, a point disputed by the previous chairman of the committee, former MP Dominic Grieve. Downing Street eventually said after the election that the report was cleared. But its release depends on the appointment of nine cross-party backbench MPs and peers to the committee’s membership, a task that falls to Johnson after consulting with other parties.

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And what are you going to do about it?

World’s Richest 2,000 People Hold More Than Poorest 4.6 Billion Combined (R.)

The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam said on Monday. The Nairobi-headquartered charity said in a report released ahead of the annual World Economic Forum of political and business leaders in Davos, Switzerland, that women around the world work 12.5 billion hours combined each day without pay or recognition. In its “Time to Care” report, Oxfam said it estimated that unpaid care work by women added at least $10.8 trillion a year in value to the world economy – three times more than the tech industry.


“It is important for us to underscore that the hidden engine of the economy that we see is really the unpaid care work of women. And that needs to change,” Amitabh Behar, CEO of Oxfam India, told Reuters in an interview. To highlight the level of inequality in the global economy, Behar cited the case of a woman called Buchu Devi in India who spends 16 to 17 hours a day doing work like fetching water after trekking 3km, cooking, preparing her children for school and working in a poorly paid job. “And on the one hand you see the billionaires who are all assembling at Davos with their personal planes, personal jets, super rich lifestyles,” he said.

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Davos counts in trillions. This is just shipping. And that is just 2.2% of CO2 emissions.

UN Decarbonisation Target For Shipping To Cost Over $1 Trillion (R.)

At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050, a study published on Monday showed. The global shipping fleet, which accounts for 2.2% of the world’s CO2 emissions, is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea. U.N. shipping agency, the International Maritime Organization (IMO), aims to reduce the industry’s greenhouse gas emissions by 50% from 2008 levels by 2050, a target that will require the swift development of zero or low emission fuels and new ship designs using cleaner technology.

In the first study into costs, researchers estimated that the cumulative investment needed between 2030 and 2050 would be between $1 trillion to $1.4 trillion, or an average of $50 billion to $70 billion annually for 20 years. If the shipping industry was to fully decarbonise by 2050, this would require further investment of some $400 billion over 20 years, bringing the total to $1.4 trillion to $1.9 trillion. “Our analysis suggests we will see a disruptive and rapid change to align to a new zero carbon system, with fossil fuel aligned assets becoming obsolete or needing significant modification,” said Tristan Smith, reader at University College London’s (UCL) Energy Institute, which was involved in the study.

Apart from more than a decade of tough market conditions, the shipping industry is also contending with the exit of many European banks from providing finance, leaving a capital shortfall of tens of billions of dollars annually. Around 87% of investments needed would be in land-based infrastructure and production facilities for low-carbon fuels, the study said. This includes investments in the production of low-carbon fuels as well as the land-based storage and bunkering infrastructure needed for their supply. The remaining 13% of investments are related to the ships themselves including the machinery and onboard storage required for a ship to run on low-carbon fuel. “Sustainable investing is here to stay,” said Michael Parker, chairman of Global Shipping Logistics & Offshore at Citigroup.

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Let’s see what shareholders have to say.

Oil Firms Risk Public Backlash If Profits Put Before Climate, Says IEA (G.)

The world’s energy watchdog has warned the oil and gas industry that it risks a public backlash by failing to act on the climate crisis in favour of making short-term profits. The International Energy Agency (IEA) said oil companies must balance their desire for near-term returns and a long-term future by playing a much more significant role in combating the climate crisis. The IEA is preparing to make its most direct call for oil companies to help tackle the climate crisis at the World Economic Forum’s annual meeting in Davos on Tuesday. The oil and gas industry faces “twin threats” to its financial profitability and social acceptability, according to the IEA.


“There are already signs of both, whether in financial markets or in the reflexive antipathy towards fossil fuels that is increasingly visible in the public debate, at least in parts of Europe and North America,” it said. Fatih Birol, the IEA’s executive director, said: “No energy company will be unaffected by clean-energy transitions. Every part of the industry needs to consider how to respond. Doing nothing is simply not an option.” The report said that although some oil and gas companies have taken steps to support efforts to combat the climate crisis, the industry as a whole could play a much more significant role. Oil companies could do more now to help shrink the industry’s giant carbon footprint but most companies were yet to play a meaningful role, according to the report.

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Basically: be careful what you waste our money on.It’s fine to waste those €29bn on that climate action plan.

EU Could Waste €29bn On Gas Projects Despite Climate Action Plan (G.)

The European Investment Bank risks wasting €29bn (£25bn) of EU taxpayers’ money by overinvesting in gas projects which will be unnecessary under Europe’s climate action plans, according to a report. The EIB vowed late last year to end its support for fossil fuels within the next two years to become the world’s first “climate bank”, but 32 gas projects are still eligible for funding before the crackdown. The majority of these projects would waste billions of euros of taxpayers’ money, according to Artelys, an independent data science company, because they would be left as “stranded assets” in the move towards cleaner energy.

The report warns that gas investments will be unnecessary in the decades ahead because Europe already has enough infrastructure – such as pipelines and processing plants – to meet the continent’s future demand. The European commission set out a sweeping Green Deal plan late last year which aims to create a carbon-neutral EU by 2050, in part by increasing renewable energy and energy efficiency. Under Europe’s climate action roadmap, gas demand is expected to fall by almost 30% by 2030 compared with 2015 levels. But even in scenarios in which gas demand climbs higher, the report found that new investments in gas infrastructure would be “superfluous” from an economic perspective.

[..] Claude Turmes, Luxembourg’s energy minister, said it “makes absolutely no sense” that EU decision-makers are supporting investments in new gas infrastructure with public funds. “This report debunks the argument that these investments would be needed for the EU’s security of gas supply. We risk wasting €29bn on future stranded assets while locking our energy system into fossil gas addiction for the next 40 years,” he said.

Read more …

Some 90 years after the US dust bowl.

Huge Dust Storms In Australia Hit Central New South Wales (AAP)

Damaging winds produced by thunderstorms across central New South Wales have whipped up dust storms that turned daytime into night in some towns. The Bureau of Meteorology issued a series of severe thunderstorm warnings on Sunday evening for inland NSW with the associated winds generating massive dust clouds. Videos posted to social media showed dust storms descending on Dubbo and nearby towns that were so thick they blocked out the sun. A gust of 94 km/h was recorded at Parkes about 6.30pm while a gust of 107 km/h was recorded at Dubbo about 7.45pm, the bureau said.


A bureau meteorologist, Rose Barr, said Sunday’s significant rain was concentrated across central and northern parts of the state on, and east, of the ranges. Rain and hail also lashed Victoria, sparking almost 1500 calls for assistance with more severe weather on the way as bushfires continue. The State Emergency Service received 1453 calls for assistance since Sunday morning, more than 1000 of them for building damage. Many towns on the NSW mid-north coast and the northern rivers regions received between 100mm and 180mm from 9am to 10.30pm on Sunday. In the southern part of the state, high winds saw storms race overhead quickly, resulting in lower measured falls.

Read more …

Social behaviour of striped catfish.

 

 

 

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Jan 172020
 
 January 17, 2020  Posted by at 10:57 am Finance Tagged with: , , , , , , , , , , ,  13 Responses »


Jack Delano Mrs. Marcella Hart, mother of three, employed as a wiper at the roundhouse. Chicago & North Western R.R. 1943

 

BlackRock Will Start Moving Away from Fossil Fuels (NewYorker)
Microsoft Pledges To Eliminate Carbon Footprint By 2050 (Ind.)
With Rivals Stuck In Impeachment Trial, Biden, Buttigieg To Barnstorm Iowa (R.)
Parnas Now Denies Speaking With Trump (WE)
Putin Purged the West from the Kremlin (Luongo)
China’s Economic Growth Hits 29-Year Low (BBC)
Manhattan’s Homeless Shelters Are Full, Luxury Skyscrapers Are Empty (Atl.)
The Loss of Truth In the Media Is a Threat to Our Democracy (Ray Dalio)
Bayer Close To Roundup Settlement – Mediator (R.)
Chemicals In Tap Water Cause Thousands Of Cancer Deaths Across Europe (RT)

 

 

Next week brings not only the Capitol Hill Bizarro circus, there’s also Davos. So we have BlackRock and Microsoft making their solid pledges. Because they see profit in playing nice.

“..there’s about eighty trillion dollars of money on the planet. If that’s correct, then BlackRock’s holding of seven trillion dollars means that nearly a dime of every dollar rests in its digital files”

BlackRock Will Start Moving Away from Fossil Fuels (NewYorker)

If you felt the earth tremble a little bit in Manhattan on Tuesday morning, it was likely caused by the sheer heft of vast amounts of money starting to shift. “Seismic” is the only word to describe the recent decision of the asset-management firm BlackRock to acknowledge the urgency of the climate crisis and begin (emphasis on begin) to start redirecting its investments. By one estimate, there’s about eighty trillion dollars of money on the planet. If that’s correct, then BlackRock’s holding of seven trillion dollars means that nearly a dime of every dollar rests in its digital files, mostly in the form of stocks it invests in for pension funds and the like. So when BlackRock’s C.E.O., Larry Fink, devoted his annual letter to investors to explaining that climate change has now put us “on the edge of a fundamental reshaping of finance,” it marked a watershed moment in climate history.

He’s right about the financial future, of course—one can’t look at the clouds of smoke now obscuring the Australian continent and come away thinking that we can maintain our present course. But anyone paying attention—which includes investment-fund C.E.O.s—has known the score for years. What’s changed now are a couple of factors. For one, fossil-fuel stocks have begun to drag down portfolios. As the Times observed, “Had Mr. Fink moved a decade ago to pull BlackRock’s funds out of companies that contribute to climate change, his clients would have been well served. In the past 10 years, through Friday, companies in the S&P 500 energy sector had gained just 2 percent in total. In the same period, the broader S&P 500 nearly tripled.”

But, at least as important, public pressure just keeps mounting. Activist campaigns have been working to make the financial industry start to pay attention. (I’m involved with one, and was among those arrested, on Friday, after a sojourn in the lobby of a Chase branch.) In the past few months, Goldman Sachs, Liberty Mutual, and the Hartford Financial Services Group, Inc., have all put forth new climate policies, and the European Investment Bank—the largest international public bank in the world—announced that it would stop lending to fossil-fuel projects altogether.

Read more …

CEO Satya Nadella said on the BBC this morning that the world needs much more energy by 2040. Grow the world cleaner! Disregard these lying fools.

Microsoft Pledges To Eliminate Carbon Footprint By 2050 (Ind.)

Microsoft has promised to remove as much carbon as it has put into the atmosphere by 2050 – a goal critics say is undermined by the tech-giant’s ongoing contracts with some of the largest contributors to greenhouse gas emissions in the world. The pledge – one of the most ambitious to be undertaken by a Fortune 500 company – includes the creation of a “Climate Innovation Fund”, which will invest $1bn (£760m) over the next four years to speed up the development of carbon removal technology. Speaking from Washington, chief executive Satya Nadella said the company would seek to be carbon-negative – taking more carbon out of the atmosphere than it puts in – by 2030. “If the last decade has taught us anything, it’s that technology built without these principles can do more harm than good,” he said.

“We must begin to offset the damaging effects of climate change,” Mr Nadella added, commenting that if global temperatures continue to rise unabated “the results will be devastating”. The move was lauded by politicians with the US – with Democratic senator Chris Coons and Republican Mike Braun, both chairs of the bipartisan Senate Climate Solutions Caucus, describing the mood as “exactly the kind of bold action we need from the business community”. However, it is unclear how the pledge will run alongside Microsoft’s work with giants in the oil industry including Chevron and Exxon Mobil – both of which were identified among the globe’s top companies for greenhouse gas emissions from 1988 to 2015, placing in 12th and 5th respectively according to environmental non-profit CDP.

Last February the firm announced it had the potential to expand Exxonmobil’s production by up to 50,000 barrels of oil a day by 2025 from the Permian Basin in the southwest US – and in 2017 it announced a multi-year deal to sell cloud services to US energy giant Chevron Corp. Bill Weihl, former director of sustainability at Facebook Inc, said Microsoft does not take into account that its work with oil companies could outweigh the gains Microsoft makes on its own carbon reduction. “There is good stuff here,” Mr Weihl said of the carbon capture plan. “But the topline message, that this is urgent, is not matched by what they’re focusing on.”

[..] The announcement follows a December lawsuit in which Microsoft was named alongside the likes of Tesla and Google parent firm Alphabet – with the companies accusing the company of being complicit in the deaths of children from the Democratic Republic of Congo who were mining a metal integral to their devices. The children cited in the landmark lawsuit had been put to work to find cobalt – a precious metal vital to the production of modern batteries that has been intensively mined since the dawn of smartphones.

Read more …

Unless Biden is called as a witness?!

With Rivals Stuck In Impeachment Trial, Biden, Buttigieg To Barnstorm Iowa (R.)

Democratic presidential candidates Joe Biden and Pete Buttigieg will blitz Iowa before the state kicks off the party’s nominating contest on Feb. 3, while their key rivals will be largely unable to campaign because they must sit as Senate jurors in Republican President Donald Trump’s impeachment trial. Aides to Biden and Buttigieg, locked in a tight four-way battle with U.S. Senators Bernie Sanders and Elizabeth Warren, would not comment on the unprecedented advantage next week’s Senate trial presents them. Yet newly released schedules reveal an intense on-the-ground push by both candidates in the final stretch in Iowa, while Sanders, Warren and another senator, Amy Klobuchar, will miss most remaining campaign days to participate in the impeachment trial.

“I would rather be in Iowa today,” Sanders told reporters at the U.S. Capitol on Tuesday after the trial formally kicked off. “I would rather be in New Hampshire and in Nevada and so forth. But I swore a constitutional oath as a United States senator to do my job, and I’m here to do my job.” A senior aide to former Vice President Biden, speaking on the condition of anonymity, said the campaign has not recalibrated its Iowa strategy because of the Senate trial. But their No. 1 priority is getting Biden talking to as many voters as possible in Iowa in the final days of what polls suggest is a virtual tie among the four.

Biden heads to Iowa on Friday and will spend nearly every day between then and the Feb. 3 caucuses in the state, the aide said. Biden’s wife, Jill Biden, who has been campaigning heavily on behalf of her husband in Iowa and other early-voting states, will also spend much of the final 18 days in the state. [..] To be sure, Sanders, Warren and Klobuchar are not ceding Iowa. They plan to campaign there during the final three weekends and will rely on representatives traveling the state for them on weekdays when the Senate trial is in session. Warren’s campaign has said they are considering remote appearances and events hosted by key supporters or family members.

Read more …

Parnas is a natural born liar, as the MSM said until now. But not anymore? Now his words “change the entire impeachment trial”? He’s just a guy who’s been indicted and seeks relief.

Parnas Now Denies Speaking With Trump (WE)

Indicted businessman Lev Parnas said he did not speak directly with President Trump about a pressure campaign against Ukraine that sought to benefit Trump politically, despite earlier reports to the contrary. Last November, CNN reported that Parnas told close associates he had spoken to Trump. “At one point during the party that night, Parnas and Fruman slipped out of a large reception room packed with hundreds of Trump donors to have a private meeting with the President and Giuliani, according to two acquaintances in whom Parnas confided right after the meeting,” CNN wrote. “Eventually, according to what Parnas told his confidants, the topic turned to Ukraine that night,” the article continued.


“According to those two confidants, Parnas said that ‘the big guy,’ as he sometimes referred to the President in conversation, talked about tasking him and Fruman with what Parnas described as ‘a secret mission’ to pressure the Ukrainian government to investigate Joe Biden and his son Hunter.” The New York Times told a different story Wednesday, reporting: “Mr. Parnas said that although he did not speak with Mr. Trump about the efforts, he met with the president on several occasions and was told by Mr. Giuliani that Mr. Trump was kept in the loop.” Parnas’s decision to go public has led to congressional Democrats demanding that he and other key players in the pressure campaign be called to testify in next week’s Senate impeachment trial.

Read more …

A success story like none other these days.

Putin Purged the West from the Kremlin (Luongo)

[..] the next thing to do was to reform an economy rightly criticized for being too heavily dependent on oil and gas revenues. And that is a much tougher task. It meant getting control over the Russian central bank and the financial sector. Putin was given that opportunity during the downturn in oil prices in 2014. Using the crisis as an opportunity Putin began the decoupling of Russia’s economy from the West. During the early boom years of his Presidency oil revenue strengthened both the Russian state coffers and the so-called oligarchs who Putin was actively fighting for control. He warned the CEO’s of Gazprom, Rosneft and Sberbank that they were too heavily exposed to the U.S. dollar this way in the years leading up to the crash in oil prices in 2014-16.

And when the U.S. sanctioned Russia in 2014 over the reunification with Crimea these firms all had to come to Putin for a bailout. Their dollar-denominated debt was swapped out for euro and ruble debt through the Bank of Russia and he instructed the central bank to allow the ruble to fall, to stop defending it. Taking the inflationary hit was dangerous but necessary if Russia was to become a truly independent economic force. Since then it’s been a tug of war with the IMF-trained bureaucracy within the Bank of Russia to set monetary policy in accordance with Russia’s needs not what the international community demanded. That strong Presidency was a huge boon. But, now that the job is mostly done, it can be an albatross.

Putin understands that a Russia flush with too much oil money is a Russia ruled by that money and becomes lazy because of that money. Contrary to popular opinion, Putin doesn’t want to see oil prices back near $100 per barrel. Because Russia’s comparative advantage in oil and gas is so high relative to everyone else on the world stage and to other domestic industries that money retards innovation and investment in new technologies and a broadening of the Russian domestic economy. And this has been Putin’s focus for a while now. Oil and gas are geostrategic assets used to shore up Russia’s position as a regional power, building connections with its new partners while opening up new markets for Russian businesses. But it isn’t the end of the Russian story of the future, rather the beginning.

Read more …

There’s still not enough salt to take the numbers with. But at least at 6.1%, Xi can claim he meant to do this.

China’s Economic Growth Hits 29-Year Low (BBC)

China’s economy grew last year at the slowest pace in almost three decades. Official figures show that the world’s second largest economy expanded by 6.1% in 2019 from the year before – the worst figure in 29 years. The country has faced weak domestic demand and the impact of the bitter trade war with the US. The government has been rolling out measures over the past two years in an attempt to boost growth. It comes after almost two years of trade tensions with the US – although hopes of a better relationship with America have seen improvements in manufacturing and business confidence data. This week Washington and Beijing signed a “phase one” trade deal. However, analysts remain unsure whether those recent gains will continue.

In response to the lower growth rate, Beijing is now widely expected to roll out yet more stimulus measures. The government has used a combination of measures aimed at easing the slowdown, including tax cuts and allowing local governments to sell large amounts of bonds to fund their infrastructure programmes. The country’s banks have also been encouraged to lend more, especially to small firms. New loans in the local currency hit a record high of $2.44 trillion (£1.86tn) last year. So far the economy has been slow to pick up, with investment growth falling to record low levels. Historically, China has seen much stronger economic expansion, with the first decade of the 21st Century seeing double-digit percentage growth.

But – although that 6.1% growth rate is China’s weakest expansion in almost three decades – it is much higher than other leading economies. The US central bank, for example, has forecast that the American economy will grow by around 2.2% this year. As part of the phase one deal, China pledged to boost US imports by $200bn above 2017 levels and strengthen intellectual property rules. In exchange, the US agreed to halve some of the new tariffs it has imposed on Chinese products. Speaking in Washington, US President Donald Trump said the pact would be “transformative” for the American economy.

Read more …

The long term effects of the Fed’s bubbles are disastrous. That’s why they should be taken out of the equation.

Manhattan’s Homeless Shelters Are Full, Luxury Skyscrapers Are Empty (Atl.)

In Manhattan, the homeless shelters are full, and the luxury skyscrapers are vacant. Such is the tale of two cities within America’s largest metro. Even as 80,000 people sleep in New York City’s shelters or on its streets, Manhattan residents have watched skinny condominium skyscrapers rise across the island. These colossal stalagmites initially transformed not only the city’s skyline but also the real-estate market for new homes. From 2011 to 2019, the average price of a newly listed condo in New York soared from $1.15 million to $3.77 million. But the bust is upon us. Today, nearly half of the Manhattan luxury-condo units that have come onto the market in the past five years are still unsold, according to The New York Times.

What happened? While real estate might seem like the world’s most local industry, these luxury condos weren’t exclusively built for locals. They were also made for foreigners with tens of millions of dollars to spare. Developers bet huge on foreign plutocrats—Russian oligarchs, Chinese moguls, Saudi royalty—looking to buy second (or seventh) homes. But the Chinese economy slowed, while declining oil prices dampened the demand for pieds-à-terre among Russian and Middle Eastern zillionaires. It didn’t help that the Treasury Department cracked down on attempts to launder money through fancy real estate. Despite pressure from nervous lenders, developers have been reluctant to slash prices too suddenly or dramatically, lest the market suddenly clear and they leave millions on the table.

[..] In the past decade, New York City real-estate prices have gone from merely obscene to downright macabre. From 2010 to 2019, the average sale price of homes doubled in many Brooklyn neighborhoods, including Prospect Heights and Williamsburg, according to the Times. Buyers there could consider themselves lucky: In Cobble Hill, the typical sales price tripled to $2.5 million in nine years. This is not normal. And for middle-class families, particularly for the immigrants who give New York City so much of its dynamism, it has made living in Manhattan or gentrified Brooklyn practically impossible. No wonder, then, that the New York City area is losing about 300 residents every day.

Read more …

Look, if you quote the Washington Post’s Executive Editor to make this point, you’ve already lost.

The Loss of Truth In the Media Is a Threat to Our Democracy (Ray Dalio)

While I have reflected on the corrosive effects that fake and distorted media are having on our society’s well-being for the past few years, I am now more concerned about it than ever. To me media distortions + great polarity + the upcoming elections = a significant risk to quality democracy. It is no longer controversial to say that media distortions are a serious problem. Even most of the media folks I speak with share my concern. As Martin Baron, the Washington Post’s Executive Editor, said in reflecting on the problem, “If you have a society where people can’t agree on the basic facts, how do you have a functioning democracy?” This is not just a fringe media problem; it is a mainstream media problem. A 2019 Gallup study said that only 13 percent of Americans surveyed have “a great deal” of trust in the media.


Only 41 percent of those surveyed said that they have either a “fair” or “great deal” of trust in media. That compares with 55 percent having such confidence in 1999 and 72 percent in 1976. The dramatically decreased trustworthiness has even plagued icons of journalistic trust such as The Wall Street Journal and The New York Times, as sensationalism and commercialism have superseded accuracy and journalistic integrity as primary objectives. A number of media writers have in private told me that their editors have specifically hired them to write negative, sensationalistic stories because they sell best. They explained that the financial decline of print media and the public’s short attention span have required them to produce such attention-grabbing headlines and stories or face financial decline.

Read more …

This doesn’t smell right at all.

Bayer Close To Roundup Settlement – Mediator (R.)

Bayer is close to settling more than 75,000 cancer claims related to its Roundup herbicide, mediator Ken Feinberg told Bloomberg in an interview, saying he was “cautiously optimistic” a deal could be reached in about a month. Feinberg was quoted as saying that the number of cases had grown to between 75,000 and 85,000 and “maybe more”. Bayer in October said it was now facing 42,700 U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer. Bayer has ruled out withdrawing from the market in the U.S., saying regulators and extensive research have found glyphosate to be safe.


A spokesman for Bayer said: “The number reported by Bloomberg includes potential plaintiffs with unserved cases and is a speculative estimate about the numbers of plaintiffs who might be included in a potential settlement.” He added: “The number of served cases as reported on a quarterly basis remains significantly below 50,000. Bayer does not report or speculate about potential plaintiffs with unserved cases.”

Read more …

Mass suicide continues. We cannot help ourselves, it’s a force that’s bigger than us.

Chemicals In Tap Water Cause Thousands Of Cancer Deaths Across Europe (RT)

Each year, more than 6,500 cases of bladder cancer, roughly five percent of all cases in Europe, are found to be attributable to exposure to trihalomethanes (THMs) in drinking water – and it’s all perfectly legal. For a study of countries’ water quality, the EU28 became the EU26, as adequate data for Bulgaria and Romania could not be obtained. Nevertheless, the project covered 75% of the total EU population, and a reading of its findings is ominous.

What the hell are THMs?THMs are a class of molecule that appear as a by-product of the disinfectants used to clean drinking water. When chlorine, the main chemical used to clean drinking water, comes into contact with organic matter, it breaks down into THMs. And despite being legal up to certain levels, long-term exposure to them has been consistently associated with an increased risk of bladder cancer. The EU has set that legal limit at 100 lg=L, but anything over 50 lg=L causes a 51 percent increase in the probability of bladder cancer, in men at least. This study was undertaken at the Barcelona Institute for Global Health, in a city which has THM levels above the present regulatory maximum limit of 100 lg=L. Astonishingly, there is no provision for the lowering of this maximum in the latest European Council directive.

How common is bladder cancer?Bladder cancer is only the tenth most common form of cancer in the UK; 135,000 people in the EU were diagnosed with it in 2016. It is usually quite treatable with a simple surgical procedure as long as it is caught before spreading to other body parts. Some evidence suggests it affects men more than women (although this could be down to lifestyle differences, such as higher rates of smoking).

The countries with the highest percentages of bladder cancer cases attributable to THM exposure were Cyprus (23 percent), Malta (18 percent) and Ireland (17 percent). In other words, 23 out of 100 Cypriot people who are diagnosed with cancer in a given year are likely to have contracted it from their drinking water. Meanwhile, the greatest number of attributable cases actually occurred in Spain (1,482 attributable cases) and the United Kingdom (1,356) although this is a function of population as well as THM contamination.

Read more …

 

 

 

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Mar 202019
 


Johannes Vermeer The lacemaker 1669-71

 

You could probably say I’m sympathetic to the schoolchildren protesting against climate change, and I’m sympathetic to Alexandria Ocasio-Cortez and her call for a Green New Deal. Young people are the future, and they deserve a voice about that future. At the same time, I’m also deeply skeptical about their understanding of the issues they talk about.

In fact, I don’t see much understanding at all. I think that’s because they base their comprehension of the world they’ve been born into on information provided by the very people they’re now protesting against. Look kids, your education system sucks, it was designed by those destroying your planet, you need to shake it off and get something better.

But I know what you will do instead: you’re going to get the ‘proper’ education to get a nice-paying job, with a nice car (green, of course) and a nice house etc etc. In other words, you will, at least most of you, be the problem, not solve it. And no shift towards wind or solar will make one iota of difference in that. Want to improve the world? Improve the education system first.

 

Climate change is just one of an entire array of problems the world faces, and in the same way the use of fossil fuels is just one of many causes of these problems. And focusing on only one aspect of a much broader challenge simply doesn’t appear to be a wise approach, if only because you risk exacerbating some problems while trying to fix others.

In order to fix what’s broken, you’re first going to have to find out what broke it. The impression I get is that fossil fuels have been named the designated culprit, and people think that if only we have access to some other form(s) of energy we’ll be fine. But species extinction appears to be at least as large an issue as climate change, and the loss of 60% of all vertebrates, and 90% of flying insects in some places, since 1970 is linked to climate change only sideways.

 

 

It’s one thing to run into problems you could not have foreseen. It’s quite another to run into them because you elected to ignore readily available knowledge. But it’s the latter issue that’s behind by far most of the problems we’re running into. Because, again, our education system is broken.

And perhaps we should try to be forgiving when well-meaning children and young politicians don’t have a full grasp of political and economic issues heaped upon them by older generations. But physics? That you can only and always ignore at your own peril.

The First Law of Thermodynamics says energy cannot be created or destroyed; the total quantity of energy in the universe stays the same. The Second Law of Thermodynamics says that the use of energy produces waste (because entropy tends to increase). Neither law talks about fossil fuels.

This brings me once more to one of my favorite quotes of all time (because it explains so much):

“Erwin Schrodinger (1945) has described life as a system in steady-state thermodynamic disequilibrium that maintains its constant distance from equilibrium (death) by feeding on low entropy from its environment – that is, by exchanging high-entropy outputs for low-entropy inputs. The same statement would hold verbatium as a physical description of our economic process. A corollary of this statement is that an organism cannot live in a medium of its own waste products.”
– Herman Daly and Kenneth Townsend

And unfortunately, as I’ve said before in Mass Extinction and Mass Insanity:

What drives our economies is waste. Not need, or even demand. Waste. 2nd law of thermodynamics. It drives our lives, period.

Not only do we produce waste with every calorie of energy we burn, our economic systems depend on us burning as much as we can. We ‘optimized’ them for it. Energy efficiency is the enemy of our economies. We transport ourselves in vehicles that are 20 times our own weight, and that use only 10% of the fuel we put in them for the purpose of transporting us. That’s what keep the economic engine going. It’s also what destroys the planet.

 

There’s probably no moment of deeper despair for the world than when I see a Swedish schoolgirl and a Dutch historian pop up at Davos to tell the billionaires and power hungry ‘the truth’. Davos is the last place to be when you have good intentions. All those people owe their money and power to the system you say you’re protesting. You think they’re going to give it up, or even risk it?

What those people will tell you, and what many of you are already parroting (check the Green New Deal), is that ‘going green’ will be a very profitable undertaking. Get the best of both worlds and eat it too. Tempting, for sure, but also incredibly stupid.

I covered that before as well in Heal the Planet for Profit, in which I cited an article by Michael Bloomberg and Mark Carney literally called How To Make A Profit From Defeating Climate Change.

That epitomizes the Davos crowd. Stay away from that. There’s nothing for you there. They just want you to be inefficient in the use of another form of energy, only more this time. “We’re going to use a huge sh*tload of fossil fuels to build an infrastructure that allows us to use less fossil fuels.” Darn, that makes a lot of sense. “We’re saved!”.

See, saving the planet, and all the species we’re eradicating as we speak, will at the very least require an enormous decline in energy use. Because that’s the only way to reduce waste production. But that in turn will mean a huge hit to the current economic system, which cannot continue without the principle of maximizing waste production that it’s based on.

There appears to be a principle in nature that says when you hand a species an X amount of ‘free’ energy, that species will burn through it as fast as it can. Perhaps that’s simply a move towards equilibrium. The species will maximize energy use per individual, and proliferate, create more individuals, it’s a very predictable process, from bacteria in a petri-dish to the human species.

So maybe it cannot be helped, or stopped. But you can try. It’s just that, if you want to do that, you’re not going to achieve it by insulting your own, and my, intelligence through the complete disregard for the laws of physics, the most reliable gauges we have when it comes to understanding our world and the impact we have on it.

That goes for the schoolchildren, and it goes for Ocasio-Cortez and other Green New Deal proponents too: ask yourself what physics says about it. Ask yourself what will happen to the economy. Never presume it will be easy or even profitable. You’re not going to save the planet for profit; you’ll have to find a different incentive.

And get educated. But forget about universities, they’re one of the leading drivers behind the mess you find yourselves in.

 

 

 

 

Jan 252019
 
 January 25, 2019  Posted by at 10:59 am Finance Tagged with: , , , , , , , , , , , ,  7 Responses »


Giuseppe Arcimboldo Four elements – Fire 1566

 

Trump, Pence, Pompeo Star In The Pirates Of The Caribbean (Galloway)
US Pulls Out Venezuela Staff, Urges Americans to Leave (G.)
Venezuela’s Juan Guaidó Offers Nicolás Maduro Amnesty If He Goes Quietly (G.)
US Seeks To Divert Crucial Oil Revenue From Maduro (Ind.)
Don’t Criticize Trump — We Need Him, Dutch Prime Minister Says (CNBC)
UK Firms Ramp Up Stockpiling Due To Brexit Disruption Fears (Ind.)
UK MPs Drop Plan To Table Cross-Party ‘People’s Vote’ Amendment (G.)
The Financial Secret Behind Germany’s Green Energy Revolution (Ellen Brown)
Davos Elites Fear They’re On A Toboggan Ride To Hell (Pol.eu)
CO2 Levels Expected To Rise Rapidly In 2019 (Ind.)

 

 

Yes, Jimmy Carter once called Venezuela’s election process “the best in the world” when he was there as an observer. But in March 2018, the opposition called on the UN not to send any observers as that would only legitimize the process. So now the US picks an unelected puppet.

Trump, Pence, Pompeo Star In The Pirates Of The Caribbean (Galloway)

Even though Chavez was one of the most electorally successful politicians on the planet in a democratic process described by former US president Jimmy Carter as “the best in the world,” US presidents Bush, Obama and Trump routinely called him a dictator. Before they drop the bombs, they drop the narrative, of course. And the disinformation bombardment in Venezuela has been one of the longest bombing runs in history. Massive sums of US money have been spent on media distortion, subversion, sabotage, military coups, and threats of invasion throughout the Chavez-Maduro era. The gold-toothed Venezuelan emigres who fled to Miami with their ill-gotten gains have long been effectively a coup in the making.

The recruitment of neighboring Colombia into “associate membership” of NATO, the propeling of Brazil’s Bolsonaro (another NATO applicant) to power, and plans for US military bases there have all been in preparation for this day. Although many such crimes have been committed across all continents for centuries by the US, none have constituted such comic-opera gangsterism as this latest – more ‘Bugsy Malone’ than ‘The Godfather.’ An almost random figure whose name was largely unknown until this week has disdained to put himself up for election as president of the republic, instead pronouncing himself to actually be the president, and has even sworn himself in! All the “experts” on Syria, Ukraine and Russia are scrambling to studios, practicing in the taxi how to say his name.

Read more …

Most Americans would be working in the oil industry. Sure, let them leave. And then watch prices at the pump.

US Pulls Out Venezuela Staff, Urges Americans to Leave (G.)

The US state department has urged its citizens to “strongly consider” leaving Venezuela and ordered out non-emergency government staff as the head of the country’s armed forces warned of a civil war sparked by a US-backed “criminal plan” to unseat Nicolás Maduro. In a live address to the nation on Thursday, the defence minister, Vladimir Padrino, accused the Venezuelan opposition led by Juan Guaidó, the United States and regional allies such as Brazil of launching an attempted coup against Maduro that risked bringing “chaos and anarchy” to the country. “We are here to avoid, at all costs … a conflict between Venezuelans. It is not civil war, a war between brothers that will solve the problems of Venezuela. It is dialogue,” said Padrino.

In a significant blow to Venezuela’s newly energized opposition, the defence minister declared unwavering support for “our commander-in-chief, the citizen Nicolás Maduro”. “We members of the armed forces know well the consequences [of war], just from looking at the history of humanity, of the last century, when millions and millions of human beings lost their lives,” Padrino added, flanked by the top brass of Venezuela’s armed forces. Further bolstering Maduro’s position, the Russian president, Vladimir Putin, spoke to the Venezuelan leader by telephone and issued his first comments on the crisis, which he insisted was “provoked from abroad”, according to a Kremlin statement.

On Thursday night, Guaidó used his first TV interview since the crisis to offer Maduro and his inner circle amnesty if they agreed to a peaceful transition. The 35-year-old said he was determined to bring Maduro’s “dictatorship” to an end, stabilise his economically devastated nation and organise free elections “as soon as possible”.

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He went into hiding before making his offer. C’mon, let’s get serious. A mini-coup failed miserably, the army stands pat, time for a fresh story to fill the papers.

Venezuela’s Juan Guaidó Offers Nicolás Maduro Amnesty If He Goes Quietly (G.)

Venezuela’s embattled president, Nicolás Maduro, and his inner circle could be granted an amnesty if he agrees to relinquish power and submit to a peaceful political transition, his opposition challenger Juan Guaidó has said. In a high-stakes political gamble, Guaidó on Wednesday declared himself Venezuela’s legitimate interim president and was quickly recognised as such by powers including the United States, Brazil, Canada and Colombia. On Thursday British foreign secretary, Jeremy Hunt, said his government believed Guaidó was “the right person to take Venezuela forward” but China, Russia and Turkey all backed Maduro, who claims he is the victim of a coup attempt masterminded by the US. The US state department has now urged US citizens to “strongly consider” leaving Venezuela and ordered out non-emergency government staff.

[Guaidó] indicated Maduro – who was sworn in for his second six-year term on 10 January despite a storm of international condemnation – could himself be offered an amnesty if he agreed to step aside. “This amnesty, these guarantees are on the table for everyone who is prepared to put themselves on the side of the constitution in order to recover the democratic order,” he said. “In periods of transition similar things have happened [before],” Guaidó told the broadcaster Univisión, pointing to previous pardons in Chile and Venezuela in the 1970s and 1950s. “We cannot discount any element,” he added, insisting that such a move would not represent either impunity or forgetting.

Maduro – who has vowed to resist what he calls a “gringo” plot to unseat him – has given little public hint he will accept such an offer although addressing the supreme court in Caracas on Thursday he insisted: “I’m ready for dialogue, for understanding, for negotation, for agreement.” However, in the same speech Maduro also attacked Guaidó, accusing him of being a pawn in a US-backed plot to destroy the leftist Bolivarian revolution he inherited after Hugo Chávez’s death in 2013. “Will we legitimise a puppet government imposed from abroad? We will allow our constitution to be violated … ? No!” said Maduro, blaming what he branded an attempted coup on Donald Trump’s “madness”.

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See what I said on CITGO yesterday.

US Seeks To Divert Crucial Oil Revenue From Maduro (Ind.)

Mr Trump’s national security adviser, the hawkish John Bolton, revealed the US was seeking to ensure Venezuelan oil revenue goes to Mr Guaido, and not Mr Maduro, who was sworn in for a second term just two weeks ago following an election most of the opposition boycotted. If the US were able to enact such a move it would add further pressure to the embattled Venezuelan leader, whose country’s already ailing economy heavily depends on its oil revenues. “What we’re focusing on today is disconnecting the illegitimate Maduro regime from the sources of his revenues,” Mr Bolton told reporters at the White House, according to Reuters. “We think [it is] consistent with our recognition of Juan Guaido as the constitutional interim president of Venezuela that those revenues should go to the legitimate government.”

Of potentially vital importance, earlier on Thursday, the nation’s military leadership declared its support for Mr Maduro and told the US not to interfere. In a televised speech on Thursday, defence minister Vladimir Padrino Lopez said Mr Maduro was the country’s “legitimate president” and that the opposition was seeking to carry out a “coup”. “I warn the people that there is a coup underway against our democracy and our president Nicolas Maduro,” Mr Padrino said, according to Telesur. “As soldiers, we work for peace and not for war.” He added: “Those of us who lived through the coup of 2002 have it etched into our minds, we never thought we’d see that again, but we saw it yesterday.

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Rutte’s been in office for so long he gets to have an own view.

Don’t Criticize Trump — We Need Him, Dutch Prime Minister Says (CNBC)

President Donald Trump has found support from an unlikely source in Europe — Dutch Prime Minister Mark Rutte — who told CNBC that the president could be a catalyst for much-needed reforms. “The U.S. has voted and Trump is the president and maybe he will be re-elected … So we have to work with him, and I think he is an opportunity,” Rutte told CNBC’s Geoff Cutmore at the World Economic Forum in Davos, Switzerland. “He is an opportunity to make changes to some of those multilateral institutions that we hold dearly, like the World Trade Organization (WTO) which is not functioning very well. Or take the United Nations or European Union — there are many issues to solve,” he added.

“So my point would be instead of thinking ‘oh we would have liked Hillary Clinton to win,’ or ‘I wish (former President Barack) Obama was still there,’ but guys Trump is president, make use of his presidency and his critique of those international institutions is sometimes very valid.” Trump has made himself unpopular in most European circles for his criticism of hallowed, well-established institutions such as the NATO and the WTO (Trump threatened to pull the U.S. out of both) and the European Union (which Trump said was formed in order to take advantage of the U.S. in terms of trade). He has also threatened to impose tariffs on European goods and cars; hardly the policies that would make most liberal politicians, like Mark Rutte, warm to Trump. “In this world, international structures are absolutely necessary, but sometimes it vexes me when I hear the white wine-sipping elite in Amsterdam saying ‘Trump is very wrong,'” Rutte said

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Sounds very late. 9 weeks left?!

UK Firms Ramp Up Stockpiling Due To Brexit Disruption Fears (Ind.)

UK companies have ramped up stockpiling ahead of Brexit as export opportunities for manufacturers weakens, according to new research from Lloyds Bank. The lender’s international trade index shows that export growth fell to its weakest level in almost three years in the fourth quarter of 2018. Exports of consumer goods held up well, Lloyds said, but the transport sector was hit by changing emissions regulations and new rules about diesel vehicles. Exports in the service sector fell in the last three months of 2018, bringing to an end three four years of growth.

Political uncertainty at home and abroad, along with weakening economic growth in key markets, were cited as the drivers for the export downturn. Meanwhile, the data showed that UK manufacturers had increased stockpiling efforts over recent months due to the threat of shortages and disruption posed by Brexit. The UK Manufacturing PMI Index for purchases of stocks jumped up to 53.7 for the month of December, from 51.1 in the previous month. Gwynne Master, managing director and global head of trade for Lloyds Bank Global Transaction Banking, said: “We should be mindful of the impact of fluctuating trading conditions and global and domestic political uncertainty on the UK’s exporters.

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The only thing that really made sense. Because it breaks party lines. Gone.

UK MPs Drop Plan To Table Cross-Party ‘People’s Vote’ Amendment (G.)

A cross-party amendment to push for a second EU referendum will not be tabled in the Commons as it would have little chance of being passed without formal support from Labour, the MPs organising it have announced. Sarah Wollaston, the Conservative MP who has led efforts on a so-called “people’s vote” amendment, said that without the backing of Jeremy Corbyn, “at the moment we would not have the numbers”. However, the Liberal Democrats have tabled a similar amendment and have called for Labour to back the idea. Speaking outside parliament alongside the Labour MPs Luciana Berger and Chuka Umunna, Wollaston urged Corbyn to think again. “We would like to appeal again to him to give his unequivocal backing to a people’s vote, in which case we could make progress,” she said.

Labour has not ruled out supporting a second referendum and the party is keeping its options open. There is disquiet among some of its MPs and shadow ministers that backing such an option could anger leave-backing Labour voters. Wollaston argued that a second referendum was still the best option to end the Brexit deadlock. “People have a right to change their minds, and the mandate from the first referendum – over two years ago and based on entirely unrealistic promises and outright lies – has expired.” But without Labour backing, she said, “that amendment could not pass, and so with great regret we will not be laying that amendment”.

Berger said that with 30 scheduled Commons sittings left before the current Brexit date, there was “an urgent need for leadership”. “Regrettably, the Labour leadership won’t commit to an achievable policy,” she said. “And yet we know that the majority of Labour voters, supporters and members want a final say on any Brexit deal. At a time when Labour should be championing a people’s vote, the leadership avoids answering that call.”

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That revolution is overhyped, but the US and German public bank story is good.

The Financial Secret Behind Germany’s Green Energy Revolution (Ellen Brown)

KfW’s role in implementing government policy parallels that of the Reconstruction Finance Corporation (RFC) in funding the New Deal in the 1930s. At that time, U.S. banks were bankrupt and incapable of financing the country’s recovery. President Franklin D. Roosevelt attempted to set up a system of 12 public “industrial banks” through the Federal Reserve, but the measure failed. Roosevelt then made an end run around his opponents by using the RFC that had been set up earlier by President Herbert Hoover, expanding it to address the nation’s financing needs.

The RFC Act of 1932 provided the RFC with capital stock of $500 million and the authority to extend credit up to $1.5 billion (subsequently increased several times). With those resources, from 1932 to 1957 the RFC loaned or invested more than $40 billion. As with KfW’s loans, its funding source was the sale of bonds, mostly to the Treasury itself. Proceeds from the loans repaid the bonds, leaving the RFC with a net profit. The RFC financed roads, bridges, dams, post offices, universities, electrical power, mortgages, farms and much more; it funded all of this while generating income for the government.

The RFC was so successful that it became America’s largest corporation and the world’s largest banking organization. Its success, however, may have been its nemesis. Without the emergencies of depression and war, it was a too-powerful competitor of the private banking establishment; and in 1957, it was disbanded under President Dwight D. Eisenhower. That’s how the United States was left without a development bank at the same time Germany and other countries were hitting the ground running with theirs.

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Just ignore these people. They have nothing. They’re the past.

Davos Elites Fear They’re On A Toboggan Ride To Hell (Pol.eu)

Populists movements around the world, left and right, disagree in detail but are united around one big idea: The political and economic elites running modern societies are very powerful people who know what they are doing. What they are doing is often bad — greedy, exploitative, short-sighted — but they are doing it with purpose and confident control. A different possibility, however, hung in the alpine air this week at the annual convening of elites here at the World Economic Forum: These alleged masters of the universe came off nearly as perplexed and anxious about the future as the populist forces inveighing against them.

They have money. They have entourages. They have commanding views, both literal (from mountain chalets here) and metaphorical (from government offices and CEO suites back home). That doesn’t mean they have a clue. Foreboding about the future was a prevailing theme at this year’s Davos, sometimes even with dash of dystopian prophecy. This brooding was accompanied often, in speeches and interviews, by a rueful acknowledgment that government leaders are desperately improvising — often with bleak results — to meet the political crises of the moment, much less the long-term technological and climatological challenges of the age. In key Western capitals, governance is failing. China is exploiting. Global temperatures are rising.

Tech titans are groveling. Prospects for economic downturn are rumbling. Little wonder that, instead of triumphant optimism about the forces of globalization sometimes associated with Davos, some voices here made it sound like modern life is on a toboggan ride to hell. “Everybody agrees that there are dark clouds on the horizon, and there are risks,” said United Nations Secretary-General António Guterres, in an address here Thursday.

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Due to the 1,500 private jets in Davos.

CO2 Levels Expected To Rise Rapidly In 2019 (Ind.)

This year will see one of the biggest CO2 surges in more than six decades of measurements, according to the Met Office. Rising emissions due to the world’s continued appetite for fossil fuels will combine with reduced absorption of greenhouse gas by withering grasslands and forests. Describing the prediction as “worrying and compelling”, scientists said it was an urgent reminder that the time to cut out carbon is now. CO2 levels will be at a record high once again after emissions reached unprecedented levels last year, dashing hopes the world had finally hit “peak carbon”. Besides fossil fuels pumping out the harmful gas, natural weather fluctuations will exacerbate the problem as they hamper the ability of carbon sinks to store it. In 2019 an upward swing in tropical Pacific Ocean temperature will make many regions warmer and drier.

As drought sets in and plants dry out, they will be less capable of sucking CO2 from the atmosphere, and massive deforestation in places like the Amazon is making this problem even worse. The new predictions were based on monitoring at the Mauna Loa observatory in Hawaii, which has registered a 30 per cent increase in the concentration of CO2 since 1958. “Carbon sinks have saved us from what has already happened – the future rise would have been about double if it wasn’t for the sinks. So we are lucky they exist, to be honest,” Professor Richard Betts of the Met Office Hadley Centre told The Independent. “But the sinks themselves are affected by the climate, and that’s an important thing because it shows that as climate change continues in the future it may affect their strength.”


Forecast CO2 concentrations at the Mauna Loa station for 2019 (orange), along with previous forecast concentrations and the real observed data (Met Office)

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Jan 232019
 


Pablo Picasso The classical head 1922

 

 

David Attenborough And Prince William Urge World Leaders On Environment (G.)
The Super Rich At Davos Are Scared Of Ocasio-Cortez’s Tax Proposal (CNBC)
EU Fossil Fuel Subsidies Still At The Same Level As 2008 (G.)
Shutdown Reveals Most Americans Are Unprepared For The Next Recession (MW)
Unusually Large Drop In US Home Sales Has Real Estate Agents Baffled (CNBC)
Moonwalking with Theresa May: Unboxing Brexit ‘Plan C’ (George Galloway)
Companies Press Brexit Panic Button In Further Blow To Theresa May (G.)
Britain ‘Could Triple State Aid For Industry Under EU Rules’ (G.)
France And Germany Take Major Step Toward EU Army (ZH)
Trump Won’t Soften Hardline On China To Make Trade Deal (R.)
Chinese App ‘Live-Shames’ Debtors Within 500-Meter Radius (ZH)
‘Never Good News Having Particles in Your Brain’ (Spiegel)

 

 

This curious spectacle of the rich and famous pretending to tackle a crisis. As I was filing this article, Bloomberg ran a headline for a live event that went: “Bono and Christine Lagarde Discuss How to Address Income Inequality”

David Attenborough And Prince William Warn World Leaders On Environment (G.)

Sir David Attenborough has warned that humankind has the power to exterminate whole ecosystems “without even noticing”, and urged world leaders to treat the natural world with respect, during an interview with Prince William in Davos. Prince William also took world leaders to task at the World Economic Forum in Switzerland, asking Attenborough why those in key positions have “taken so long” to address climate change. Attenborough said the connection between the natural world and urban societies had been “remote and widening” since the industrial revolution, meaning humans do not realise the effect their actions have on the global ecosystem. The 92-year-old broadcaster added that it was “difficult to overstate” the urgency of the environmental crisis.

“We’re now so numerous, so powerful, so all-pervasive, the mechanisms we have for destruction are so wholesale and so frightening, that we can actually exterminate whole ecosystems without even noticing it. We have to now be really aware of the dangers of what we’re doing, and we already know that of course the plastic problem in the seas is wreaking appalling damage upon marine life, the extent of which we don’t yet fully know.” He stressed that the natural world “is not just a matter of beauty, interest and wonder” but a coherent ecosystem on which we depend for “every breath we take, every mouthful of food we take.” A healthy planet, Attenborough added, is an essential part of human life. “If we don’t recognise the kind of connections I’ve been describing, then the whole planet comes in hazard, and we are destroying the natural world and with it ourselves.”

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Catchy headline, but… She’ll be whistled back any time now. Can’t steal Kamala’s, or Warren’s, or Bernie’s headlights.

“I do think a system that allows billionaires to exist when there are parts of Alabama where people are still getting ringworm because they don’t have access to public health is wrong..”

The Super Rich At Davos Are Scared Of Ocasio-Cortez’s Tax Proposal (CNBC)

The elite financiers attending the World Economic Forum are worried about the 70 percent tax rate on earnings above $10 million proposed by freshman Rep. Alexandria Ocasio-Cortez, D-N.Y. “It’s scary,” Scott Minerd, global chief investment officer for $265 billion Guggenheim Partners, said in an interview. “By the time we get to the presidential election, this is going to gain more momentum,” said Minerd, who added that he would probably be personally impacted by it. “And I think the likelihood that a 70 percent tax rate, or something like that, becomes policy is actually very real.”

The billionaires and millionaires attending Davos had misgivings about Ocasio-Cortez’s proposal, which she made during a recent interview on CBS’ “60 Minutes.” A poll found that 59 percent of voters were in favor of the idea, and even 45 percent of Republicans liked it. The lawmaker has turned heads in Washington and on Wall Street with her left-wing economic rhetoric, despite only being sworn into office earlier this month. Ocasio-Cortez, who represents parts of Queens and the Bronx, identifies as a Democratic-Socialist. In Davos, Stephen Schwarzman, the billionaire CEO of private equity giant Blackstone and Republican megadonor, said sarcastically that he is “wildly enthusiastic” about the lawmaker’s proposed tax hike. He added that “the U.S. is the second most progressive tax regime in the world,” meaning that tax rates climb along with higher incomes.

The remarks at Davos came a day after Ocasio-Cortez had even more harsh words about how the U.S. economy works. “I do think a system that allows billionaires to exist when there are parts of Alabama where people are still getting ringworm because they don’t have access to public health is wrong,” she said at a New York event on Martin Luther King Day. Ocasio-Cortez addressed this article in a tweet Tuesday. “It’s wild that some people are more scared of a marginal tax rate than the fact that 40% of Americans struggle to pay for at least one basic need, like food or rent,” she wrote.

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They all talk green in Davos. But this is what they actually do. Your politicians won’t save the planet.

EU Fossil Fuel Subsidies Still At The Same Level As 2008 (G.)

The UK leads the European Union in giving subsidies to fossil fuels, according to a report from the European commission. It found €12bn (£10.5bn) a year in support for fossil fuels in the UK, significantly more than the €8.3bn spent on renewable energy. The commission report warned that the total subsidies for coal, oil and gas across the EU remained at the same level as 2008. This is despite both the EU and G20 having long pledged to phase out the subsidies, which hamper the rapid transition to clean energy needed to fight climate change. Germany provided the biggest energy subsidies, with €27bn for renewable energy, almost three times the €9.5bn given to fossil fuels.

Spain and Italy also gave more subsidies to renewable energy than fossil fuels. But along with the UK, France, the Netherlands, Sweden and Ireland all gave more to fossil fuels. The report is based on 2016 Eurostat data, the latest available, and found that across the EU renewable energy received 45% of subsidies and fossil fuels 33%. The commission report said policies were being pursued to cut carbon emissions and meet the Paris climate agreement goals of limiting global warming to well below 2C above pre-industrial levels. “However, despite this and the international commitments made in the context of G20 and G7, fossil fuel subsidies in the EU have not decreased,” it said. “EU and national policies might need to be reinforced to phase out such subsidies.”

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We already knew that. It’s just one more sign.

Shutdown Reveals Most Americans Are Unprepared For The Next Recession (MW)

The government shutdown, the longest in history, comes with a hidden revelation: Millions of Americans are financially unprepared for the next economic downturn. Worse, they are highly vulnerable, with few protections available to them. Ten years after the financial crisis, the economic recovery has left millions behind with little to no savings, and the government shutdown serves as a preview for what will happen once unemployment rises from 50-year lows. Within just a few weeks into the government shutdown, people are struggling to cope. [..] Why do a few weeks without pay turn into a crisis for many families? Simple: Nearly 80% of Americans live paycheck to paycheck. That’s a problem when you have little to no savings. In fact, it’s akin to playing financial Russian roulette.

And the problem is terrifyingly pervasive. According to a recent GoBankingRates survey, only 21% of Americans have more than $10,000 in savings, with nearly 60% having less than $1,000 in savings. This savings-free game of complacency works as long as people have a steady paycheck coming in and as long as interest rates stay low. But they are not staying low, even though the Federal Reserve may be patient again this year, as it has proclaimed in recent days. As a matter of fact, the cost of carrying debt, especially the revolving credit-card type, have exploded higher since the Fed tempered rate increases. Think I’m exaggerating? How about this: Interest rates on credit cards by commercial banks are now as high as they were in 2000:

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Baffled by the obvious.

Unusually Large Drop In US Home Sales Has Real Estate Agents Baffled (CNBC)

Real estate brokers are trying to figure out why sales of existing homes plunged in December. The 6.4 percent monthly move was unusually large, regardless of direction. The tally from the National Association of Realtors generally moves in the very low single digits month to month. In fact, the shift was one of the largest that didn’t involve some sort of change in government policy, like the homebuyer tax credit. “The latest decline is harder to explain. Perhaps it is the decline in consumer confidence that’s been occurring in the latter half of 2018,” said Lawrence Yun, chief economist for the Realtors. “The latest numbers do not reflect the lower, current mortgage rates compared to the November figures, so it’s really harder to explain.”

The supply of homes for sale also rose just more than 3 percent compared with a year ago. Low supply had been holding sales back last spring, despite strong demand, so it would make sense that more supply would boost sales, unless this is a sign that demand is weakening. “This weakness is certainly due to the sharp home price gains along with the rise in mortgage rates,” said Peter Boockvar, CIO at Bleakley. Affordability has been blamed for slower sales over the past six months, but sales in December matched the same pace as in 2000, and Yun argues that affordability is better now. “Today it is actually more affordable compared to year 2000, yet we have about 20 million more jobs, so for home sales to be roughly equivalent means that in 2018 there is an underperformance of the overall housing sector.”

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A very useful set of numbers from Galloway. As I said yesterday: the first to jump party lines wins. 200 Tories and 100 Labours want no Hard Brexit and no general election. Throw in fringe parties and you have a solid majority. Call it a national government.

Moonwalking with Theresa May: Unboxing Brexit ‘Plan C’ (George Galloway)

There are 317 Conservative MPs. At least 100 of them are Brexiteers who would never go quietly into the good night of the current political dispensation. But 200 of them conceivably could if it meant: a) avoiding a “Hard-Brexit” and b) avoiding a General Election. There are 256 Labour MPs. Most of them hate the idea of Brexit and many of them equally hate the idea of a General Election, which would bring their own leader to power. Mindful though that MacDonald became a historic by-word for treachery in the labor movement and that “all over the country Labour people turned his portrait to face the wall” in the wake of his betrayal, let’s imagine 100 of the current crop of Labour MPs “doing a MacDonald” and betraying their banner. That gives us a hypothetical 300 MPs in a House of 650.

That makes them the “biggest party” in the house by far and with a claim to the Speaker and the Queen for recognition as the “Government” of the UK. When you factor in the support (assured) of the 11 Liberal Democrats the 35 Scottish Nationalists (if their deal was right) the 8 independents, (assured) the 4 Welsh Nationalists (assured) the one Green MP (assured) and the assured abstention from the House of the 7 Sinn Fein MPs (Irish Republicans who cannot swear allegiance to the Queen and thus cannot take their seats) this would give the “National Government” bloc 359 MPs in a House of effectively 640 (650 less 7 SF and 3 Speakers and Deputy Speakers) A much more “strong and stable” government than Theresa May could even dream off. Their purpose – canceling Brexit.

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What took them so long?

Companies Press Brexit Panic Button In Further Blow To Theresa May (G.)

The scale of no-deal panic gripping major companies has been thrown into sharp focus by a series of damage-limitation announcements, as corporate Britain signalled it is running out of patience with Westminster gridlock. Sir James Dyson, the Brexit-backing billionaire, dealt a further blow to the government by revealing he is shifting his company headquarters to Singapore in a move that drew sharp criticism. Dyson’s decision to move his HQ out of the UK came on a day in which a series of high-profile names revealed measures to mitigate the impact of a disorderly departure from the EU:

• P&O announced that its entire fleet of cross-Channel ferries will be re-registered under the Cypriot flag, as the 182-year-old British maritime operator activated its Brexit plans. • Sony confirmed it is moving its European headquarters from London to Amsterdam. • The chief executive of luxury carmaker Bentley said the company was stockpiling parts and described Brexit as a “killer” threatening his firm’s profitability. • Retailers Dixons Carphone and Pets at Home announced plans to shore up supplies in the event of chaos at British ports.

P&O, which began life as the Peninsular and Oriental Steam Navigation company in 1837, said all six of its cross-Channel ferries will be re-registered from the UK registry in Cyprus to keep EU tax benefits. The ferries include, the Spirit of Britain, the Pride of Kent and the Pride of Canterbury. Sony confirmed it was merging its London-based European unit with a new entity based in Amsterdam that would become the new continental HQ. Sony said: “In this way we can continue our business as usual without disruption once the UK leaves the EU.”

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Corbyn can nationalize the rialways and hospitals, and remain.

Britain ‘Could Triple State Aid For Industry Under EU Rules’ (G.)

Britain could triple state aid spending to industry without breaching EU rules, according to a study that compares government subsidies to promote economic growth across Europe. EU state aid rules “do not prevent an active industrial policy”, the report found, giving the green light to the UK government for an increase in its £7bn of state aid to nearer £21bn. The report by the left-leaning IPPR thinktank found that the EU’s state aid rules would apply to the UK once it had left the union because officials in Brussels would enforce the measures through a trade deal. The IPPR director, Tom Kibasi, said: “If the UK government decided to match Denmark, it could invest £250bn over a decade in a more active industrial policy.

“That would give it huge scope to support key areas of the economy, whether we remain in the EU or leave it.” The IPPR has not taken a view on Brexit, but its intervention in the debate over state aid will be keenly examined by Labour party supporters who voted to leave the EU. Like the Labour leader, Jeremy Corbyn, many of them believed that rules imposed by Brussels would constrain a leftwing government from nationalising parts of the economy and from supporting cooperatives or providing funds through state-backed local banks.

State aid can range from a government tax relief scheme for investors to a local authority giving a subsidy to a property developer. It is normally prohibited to prevent trade and competition between firms from being distorted, discouraging investment and increasing costs to consumers. However, the EU has allowed hundreds of public investment programmes to go ahead that support businesses under a regime that the IPPR said was more flexible than it might appear.

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Doubling down on the very things that turns their people -and others- against them.

France And Germany Take Major Step Toward EU Army (ZH)

French President Emmanuel Macron’s push for what he previously called “a real European army” got a big boost on Tuesday amid France and Germany signing an updated historic treaty reaffirming their close ties and commitment to support each other during a ceremony in the city of Aachen, a border town connected to Charlemagne and the Holy Roman Empire. But the timing for the renewal of the two countries’ 1963 post-war reconciliation accord is what’s most interesting, given both the rise of eurosceptic nationalism, the uncertainty of Brexit, and just as massive ‘Yellow Vests’ protests rage across France for a tenth week.

Macron addressed this trend specifically at the signing ceremony with the words, “At a time when Europe is threatened by nationalism, which is growing from within… Germany and France must assume their responsibility and show the way forward. Germany’s Angela Merkel agreed, adding in her own remarks: “We are doing this because we live in special times and because in these times we need resolute, distinct, clear, forward-looking answers.” The agreement, which is being described as sparse on specifics or detail, focuses on foreign policy and defense ties between Berlin and Paris. “Populism and nationalism are strengthening in all of our countries,” Merkel told EU officials at the ceremony. “74 years – a single human lifetime – after the end of the second world war, what seems self-evident is being called into question once more.”

Macron said those “who forget the value of Franco-German reconciliation are making themselves accomplices of the crimes of the past. Those who… spread lies are hurting the same people they are pretending to defend, by seeking to repeat history.” And in remarks that formed another affirmation that the two leaders are seeking to form an “EU army” Merkel said just before signing the treaty: “The fourth article of the treaty says we, Germany and France, are obliged to support and help each other, including through military force, in case of an attack on our sovereignty.” The text of the updated treaty includes the aim of a “German-French economic area with common rules” and a “common military culture” that Merkel asserted could “contribute to the creation of a European army”.

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US position gets stronger as China struggles.

Trump Won’t Soften Hardline On China To Make Trade Deal (R.)

As much as U.S. President Donald Trump wants to boost markets through a trade pact with China, he will not soften his position that Beijing must make real structural reforms, including how it handles intellectual property, to reach a deal, advisers say. Offering to buy more American goods is unlikely by itself to overcome an issue that has bedeviled talks between the two countries. Those talks are set to continue when Chinese Vice Premier Liu He visits Washington at the end of January. The United States accuses China of stealing intellectual property and forcing American companies to share technology when they do business in China. Beijing denies the accusations.

With a March 1 deadline approaching to reach an agreement or risk an escalation of tariffs on another $200 billion worth of Chinese goods, the two sides are still far apart on key, structural elements critical for a deal, according to sources familiar with the talks. “We’re not yet in a position where our concerns have been addressed sufficiently,” one U.S. official said, speaking on condition of anonymity. The official said the Trump team, led by hardline U.S. Trade Representative Robert Lighthizer, was focused on such structural issues as well as trade imbalances. White House economic adviser Larry Kudlow told Reuters that forced technology transfers, IP theft and ownership restrictions remained a top priority for Trump. “The president’s said many times how crucial that is, and he’s not going to back down,” Kudlow said.

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Is Orwell available in China? How much longer for? Then again, it’s about what tech can do. And what it can do in China, it can and will do where you live.

Chinese App ‘Live-Shames’ Debtors Within 500-Meter Radius (ZH)

Authorities in the northern Chinese province of Hebei have rolled out an app over WeChat which can tell people if they’re walking near someone in debt, according to China Daily. The program, aptly named “map of deadbeat debtors,” flashes a warning if someone in debt is within a 500-meter radius – showing their exact location according to a screenshot of the app. Whether the app reveals the debtors’ names or photos is unknown, nor does China Daily mention how much money is owed or to whom – but according to paper the app allows people to “whistle-blow on debtors capable of paying their debts.” “It’s a part of our measures to enforce our rulings and create a socially credible environment,” said a spokesman for the Higher People’s Court of Hebei – which is behind the app.

The “map of deadbeat debtors” is yet the latest in China’s push towards a shame-based “social credit score” system which has already been deployed in several parts of the country. According to a November report, Beijing has an ambitious plan to control China’s citizens through a system of social scoring that punishes behavior it does not approve. [..] Hangzhou, the capital city of China’s Zhejiang province, rolled out its social credit system earlier this year, rewarding “pro-social behaviors” such as blood donations, healthy lifestyles, and volunteer work while punishing those who violate traffic laws, smoke and drink, and speak poorly about government.

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Plastics. “A standard 5-kilogram (11-pound) wash of polyester fabrics has been estimated to release up to 6,000,000 microfibers.” ” European shellfish consumers could potentially ingest 11,000 microplastic particles per year.”

‘Never Good News Having Particles in Your Brain’ (Spiegel)

Microplastics come from many sources, for example from the breakdown of larger items, abrasion from tires, microbeads from cosmetics or synthetic clothing fibers. A standard 5-kilogram (11-pound) wash of polyester fabrics has been estimated to release up to 6,000,000 microfibers. Through surface runoff, manufacturing processes, agriculture or waste water treatment facilities, most of this ends up in the environment, for example in rivers, and is eventually lost to the seas. Extrapolations suggest that up to 250 million tons of plastic will be present in the oceans by 2025.

Filter feeders like mussels seem to readily internalize microplastics, because they are of the same size as their preferred diet. It has been estimated that European shellfish consumers could potentially ingest 11,000 microplastic particles per year. A lot of the plastic particles in the environment are present in the atmosphere and transported by the wind. When you breathe in air, microscopic plastic particles are inhaled as well. Salt and sugar, for example, have also been reported to be contaminated with plastic, as well as honey and German beer. The analysis of tap water and bottled water found that a high proportion of drinking water contains plastic fragments.

Bigger particles are not readily absorbed. Most of these just seem to pass through the body without doing much harm. It is currently believed that these bigger particles do not penetrate deeply into organs and, if at all, can only cause some limited local inflammation or tissue abrasion. Smaller particles however, referred to as nanoplastics, are a different thing altogether. The smaller the size of the plastic particles, the more likely they are to cross biological barriers such as cell membranes. What we know is that nanoparticles in general can interact with proteins, lipids and carbohydrates in the body. Nanoparticles can even cross the blood-brain barrier and it seems probable that they can affect the central nervous system. Reports of behavioral changes in shrimp and fish exposed to nanoplastics support this hypothesis.

Plastic particles made fish eat slower and explore their surroundings less. There is no concrete evidence right now that nanoplastics penetrate brain tissue in humans, let alone affect behavior. But it has been reported that plastic particles cause oxidative stress in human cell lines. This could potentially cause a number of problems including tissue degradation or inflammation, and it flags up the possibility that an individual with a high concentration of plastic contamination in the central nervous system might have an adverse reaction. Depression for instance has been linked to nanoparticle toxicity in the central nervous system. The plastic fragments might even initiate plaque formation and make Alzheimer’s more likely. It is never good news having particles in your brain.

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