Apr 102019
 
 April 10, 2019  Posted by at 8:59 am Finance Tagged with: , , , , , , , , , , , ,  


Marcel Duchamp The chess game 1910

 

Putin Derangement Syndrome After Mueller (SCF)
‘Mountain Brought Forth A Mouse’: Putin On Mueller Report (RT)
Same People Behind Iraq War Lies Pushed Russian Collusion (Kelly)
May’s Hopes Dashed As EU Targets Brexit Delay Of Up To A Year (G.)
UK Finance Minister Says Lawmakers Might Revoke Brexit To Prevent No Deal (R.)
Democracy Is Overrated – Let The Queen Sort Out Brexit (Jan Fleischhauer)
Brexit Explained In Two Words: Basil Fawlty (G.)
IMF Says No-Deal Brexit Risks Two-Year Recession For UK (G.)
China To Join FAA’s Review Panel On Boeing’s 737 MAX (R.)
Boeing Shareholders Sue Over 737 MAX Crashes (R.)
India’s Modi Rides Nationalist Fervor Ahead Of Election (R.)
Two-Thirds Of Glacier Ice In The Alps ‘Will Melt By 2100’ (G.)

 

 

Like this. Contains dozens of links in the original.

Putin Derangement Syndrome After Mueller (SCF)

The West – its governments and its governments’ scribes – are obsessed with Russian President Vladimir Putin. “Obsessed” is probably too weak a word to describe the years of impassioned coverage, airy speculation and downright nonsense. He is the world’s leading cover boy: military hats, Lenin poses, imperial crowns, scary red eyes, strait-jackets, clown hats; anything and everything. He’s the avatar of Stalin, he’s the avatar of the Tsars, he’s the Joker, he’s Cthulhu, he’s Voldemort, he’s Satan. He’s the palimpsest for the New World Order’s nightmares. Putin is always messing with our minds. He weaponises information, misinformation and sexual assault accusations. Childrens’ cartoons, fishsticks, Pokemon and Yellow Vests, “Putin’s warships” are lurking when they aren’t stalking; “Putin’s warplanes” penetrate European airspace; “Putin’s tanks”, massing in 2016, massing in 2018, still massing. His empire of rogue states grows. All Putin, all the time.


[..] The entire ramshackle construction is collapsing: if Mueller says there was no collusion then even the last ditch believers will have to accept it: Robert Mueller Prayer Candles are out of stock, time to toss the other tchotchkes, it wasn’t a Mueller Christmas after all. Clinton’s fabrication had two parts to it: 1) Putin interfered/determined the election 2) in collusion with Trump. When the second part is blown up, so must the first be. And then what will happen to all the loyal little allies crying “ours were interfered with too”!? The two halves of the story had the same authors and the same purpose: if one dies, so must the other. Now that Trump is secured from the obstruction charges that hung there as long as Mueller was in session, he is free to declassify the background documents that will show the origin, mechanics, authors and extent of the conspiracy. And he has said he will. In the process, both halves of the story will be destroyed: they’re both lies.

Read more …

Can we get back to talking now? Don’t hold your breath.

‘Mountain Brought Forth A Mouse’: Putin On Mueller Report (RT)

The Mueller probe has caused much fuss but predictably did not find any evidence to prove Donald Trump colluded with Russia, Vladimir Putin has said, sarcastically likening it to a “mountain bringing forth a mouse.”
“We said from the very beginning that this Mueller commission will find nothing because we know it better than anyone: Russia did not meddle in any US election, there was no collusion between [US President Donald] Trump and Russia that Mr. Mueller was looking for,” Putin told the International Arctic Forum on Tuesday.


Taking a lighter tone, the president said that the outcome was predictable, likening it to “a mountain that has brought forth a mouse.” According to Putin, US President Donald Trump “knows better what witch hunts are.” This was “a dark chapter in American history,” and no one wants to see it “come back.” The long-awaited report from the Mueller probe was submitted in late March to Attorney General William Barr. The inquiry specifically targeted alleged collusion between Trump’s 2016 presidential campaign team and Moscow. However, its key conclusions mentioned no evidence of a conspiracy.

Read more …

This is the same as me saying Trump’s enemies are the same as Assange’s enemies.

Same People Behind Iraq War Lies Pushed Russian Collusion (Kelly)

In between the two scandals was more than a decade of recriminations against once-trusted experts on the Right who led our nation into battle. The Iraq war cost the lives of more than 4,400 U.S. troops, maimed tens of thousands more and resulted in an unquantifiable amount of emotional, mental, and physical pain for untold numbers of American military families. Suicide rates for servicemen and veterans have exploded leaving thousands more dead and their families devastated. And it has cost taxpayers more than $2 trillion and counting. So, these discredited outcasts thought they found in the Trump-Russia collusion farce a way to redeem themselves in the news media and recover their lost prestige, power, and paychecks.

After all, it cannot be a mere coincidence that a group of influencers on the Right who convinced Americans 16 years ago that we must invade Iraq based on false pretenses are nearly the identical group of people who tried to convince Americans that Donald Trump conspired with the Russians to rig the 2016 election, an allegation also based on hearsay and specious evidence. It cannot be an innocent mistake. It cannot be explained away as an example of ignorance in the defense of national security or democracy or human decency. It cannot be justified as a mere miscalculation based on the “best available information at the time” nor should we buy any of the numerous excuses that they offered up to rationalize the war.

So why did they do it? Why did Kristol, McCain, Frum, Boot, et. al., dive headlong and without shame into a domestic political war with just as much thoughtless braggadocio as they brought to the disastrous Iraq war? Clearly, this war did not have the same deadly results as the war in Iraq but, nonetheless, it fueled an unprecedented degree of anger and division among our countrymen and toward our new president. It ensnared innocent people who suffered real-life consequences, their fate grotesquely cheered by these mendacious fraudsters. Why?

If you had the blood of so many young Americans and more than 100,000 Iraqis on your hands because you peddled a lie, wouldn’t you be a tad more cautious before repeating that kind of mistake? If you assured Americans that the Iraq war would last just a few months, as Bill Kristol said in 2002, but instead it ended up lasting eight years, wouldn’t you be chastened about making more predictions? If your actions led directly to the election of a Democratic president who launched his winning campaign based on your egregious failures, wouldn’t you hesitate before inserting yourself in another scandal that gave fodder to your political opponents at your expense?

Read more …

The EU has zero reason to grant another short delay. Nothing has changed.

May’s Hopes Dashed As EU Targets Brexit Delay Of Up To A Year (G.)

Theresa May’s request for a short Brexit delay has been torn up, putting the EU on track to instead extend Britain’s membership until 2020.Despite the prime minister’s desperate dash to Paris and Berlin to convince leaders of her plan to break the Brexit impasse, the European council president, Donald Tusk, signalled EU politicians’ lack of faith in her cross-party talks. Against a backdrop of growing support among the EU27 for a lengthy Brexit delay, Tusk picked apart May’s appeal for a shorter delay to 30 June in a letter to the leaders inviting them to Wednesday’s summit, where they will agree the new end date.


An EU diplomat said on Tuesday, following a late-night meeting of ambassadors, that the two end dates crystallising in EU capitals were the end of December or the end of March 2020. A cabinet source voiced doubts over whether May could survive after presiding over such a long delay to Brexit, after previously having said she could not “as prime minister” accept a longer delay than 30 June. The source said some in No 10 now accept it is nearly game over and described all options as very difficult for the prime minister, raising questions about whether she can keep her warring party together much longer. May is facing a bitter backlash within her party over the likelihood of a long delay to Brexit and participation in EU elections, especially if that leads to any sort of deal with Labour involving a customs union.

Read more …

May was very careless in signing Article 50 when she did. But it made the Brexiteers happy.

UK Finance Minister Says Lawmakers Might Revoke Brexit To Prevent No Deal (R.)

British finance minister Philip Hammond raised the prospect of lawmakers revoking Article 50 this week rather than allowing Britain to leave the European Union without a deal if talks collapse, the Telegraph reported on Tuesday. Hammond warned that the value of the pound could fall significantly if Prime Minister Theresa May fails to reach agreement on a Brexit delay with Brussels, the Telegraph said. He made the comments during a meeting on Tuesday with other ministers in which various scenarios were discussed, the paper said, without citing sources. May invoked Article 50 to give notice that Britain was leaving the EU over two years ago, but the details of how, when and even if Brexit will happen are still far from clear.

Read more …

From Der Spiegel columnist.

“When she was born, the British empire stretched from Newfoundland to Papua New Guinea and covered almost a quarter of the world’s population. Today, Britain is a lovely island in the middle of the North Sea..”

Democracy Is Overrated – Let The Queen Sort Out Brexit (Jan Fleischhauer)

From Germany, it looks like the UK monarch is in the perfect position – after all, she has always responded to crises with dignity …

If there is someone who still reacts in the most difficult situations with dignity and decency, it is Queen Elizabeth II. I mean, this is the woman who survived Hitler and his V2s, the Great Smog, the “winter of discontent” and all the other trials and tribulations of her kingdom over the last nine decades. Surely, some well-placed words from her and this whole mess can be resolved. I often wonder how, sitting in Buckingham Palace, the Queen views the situation. When she was born, the British empire stretched from Newfoundland to Papua New Guinea and covered almost a quarter of the world’s population. Today, Britain is a lovely island in the middle of the North Sea that is rapidly becoming the size of Iceland in terms of political importance.

What does the Queen think of people who blithely painted a nation’s future in the rosiest colours and are now surviving from day to day? Royal courts traditionally indulged clowns who were permitted to make fools of them. But no self-respecting monarch would have come up with the idea of entrusting the fool with the fate of the country. I know there are narrow limits to the power of the Queen in a constitutional monarchy. But if you ask John Bercow to take a close look at the archives, he may find a precedent – moments when the power of government was transferred to the Queen when the country’s destiny is on the line. That’s the advantage of looking back on a few centuries of monarchist tradition: somewhere there is always a clause that legitimises you.

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“At moments, we all wish to retreat to an imaginary place: a womb with a view, if you will.”

Brexit Explained In Two Words: Basil Fawlty (G.)

In a crumbling edifice, a farce plays out. The hapless central character fawns on an aristocrat who turns out to be a conman. He then fails to disguise his unease when confronted with his European neighbours, doesn’t bother to mask a thorough contempt for the Irish, and enters a love-hate relationship with ostentatiously wealthy Americans. Meanwhile, there are questions over food safety and supply (specifically kippers, duck and veal cutlets) as workers scurry around trying to pretend that nothing out of the ordinary is happening. Always disaster hovers at the edge of vision.


[..] Fawlty Towers was, above all, an ensemble piece about isolation. It was a portrait of rage and frustration, an exploration of the impotence that results when the world as we wish it to be is so agonisingly at odds with the world as it is. It was the Brexit mindset incubating in the shabby surroundings of a down-at-heel hotel that had seen far better days. [..] Fawlty Towers now appears to have something of the downright prophetic about it. But let’s try to extract a moment of hope for these bleak times. In the end, whether clonked by a moose’s head, thrashing a recalcitrant car with a branch, derailed by a drunken Greek chef or outwitted by a wily Irish builder, Basil doesn’t get his way. His peculiar aspirations are curtailed and forced to conform to the realities of a complex, nuanced world.

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2-3-5-10-25, the IMF doesn’t know more than you and I.

IMF Says No-Deal Brexit Risks Two-Year Recession For UK (G.)

Britain’s already struggling economy would be pushed into a two-year recession by a no-deal Brexit, the International Monetary Fund has warned. Ahead of Theresa May’s plea to EU leaders for a further delay to Britain’s departure, the IMF used a downbeat half-yearly assessment of the global economy to predict that the UK economy could be 3.5% smaller than expected by 2021 if trade barriers were swiftly erected. The World Economic Outlook – completed in March before the latest developments in Brexit – predicted UK growth of 1.2% in 2019 on the assumption that a Brexit deal is done.


Growth in 2020 has also been revised down – by 0.1 points to 1.4% – since the fund’s last WEO in October, but the IMF said its projections were surrounded by uncertainty. It said there were alternative no-deal scenarios in which the UK would be hit by trade barriers, customs delays, barriers to financial services firms and the loss of preferential access to non-EU countries under trade deals negotiated by Brussels. The impact of these would be enough to cause output to decline in 2019 and 2020. It stressed that “a no-deal Brexit that severely disrupts supply chains and raises trade costs could potentially have large and long-lasting negative impacts on the economies of the United Kingdom and the European Union”.

Read more …

They’ll bring their Huawei phones I’m sure.

China To Join FAA’s Review Panel On Boeing’s 737 MAX (R.)

China has decided to accept an invitation to join the U.S. Federal Aviation Administration’s (FAA) review panel on the Boeing 737 MAX, an official at the Chinese aviation regulator said on Tuesday. The FAA said last week it was forming an international team to review the safety of the aircraft, grounded worldwide following two deadly crashes – in Indonesia in October and in Ethiopia last month – that killed nearly 350 people. China was the first to ground the newest version of Boeing’s workhorse 737 model last month following the Ethiopian Airlines crash, prompting a series of regulatory actions by other governments worldwide.


The Civil Aviation Administration of China (CAAC) has decided to send experts to be part of the FAA panel, the official, in the regulator’s media relations department, told Reuters. The CAAC said last week that it has been invited to join the panel. Chinese airlines operated 97 of the 371 737 MAX jets in service before the grounding, the most of any country, according to Flightglobal data. Canada, the United Arab Emirates, and Singapore have already confirmed that they will join the panel. The European Aviation Safety Agency did not respond immediately to a request for comment on whether it would join the panel.

Read more …

Wait till the victims’ families start suing.

Boeing Shareholders Sue Over 737 MAX Crashes (R.)

Boeing Co’s legal troubles grew on Tuesday as a new lawsuit accused the company of defrauding shareholders by concealing safety deficiencies in its 737 MAX planes before two fatal crashes led to their worldwide grounding.The proposed class action filed in Chicago federal court seeks damages for alleged securities fraud violations, after Boeing’s market value tumbled by $34 billion within two weeks of the March 10 crash of an Ethiopian Airlines 737 MAX. Chief Executive Dennis Muilenburg and Chief Financial Officer Gregory Smith were also named as defendants.


According to the complaint, Boeing “effectively put profitability and growth ahead of airplane safety and honesty” by rushing the 737 MAX to market to compete with Airbus SE, while leaving out “extra” or “optional” features designed to prevent the Ethiopian Airlines and Lion Air crashes. It also said Boeing’s statements about its growth prospects and the 737 MAX were undermined by its alleged conflict of interest from retaining broad authority from federal regulators to assess the plane’s safety. Richard Seeks, the lead plaintiff, said Boeing’s compromises began to emerge after the Ethiopian Airlines crash killed all 157 onboard, five months after the Lion Air crash killed 189.

Read more …

900 million voters. 4x US?! Did Modi antagonize Pakistan to boost his chances?

India’s Modi Rides Nationalist Fervor Ahead Of Election (R.)

India’s prime minister is rallying his nationalist base as the world’s biggest democracy begins a general election on Thursday, but it has become tighter than anticipated, thanks to dwindling incomes for farmers and scarce jobs. Polls predict Narendra Modi’s Bharatiya Janata Party-led (BJP) alliance will just win a parliamentary majority, a sharp drop from his commanding mandate five years ago, when he vowed to turn India into an economic and military power. But his government’s inability to create a million jobs every month, and ease farmers’ distress over low product prices, has taken the shine off what is still the world’s fastest growing major economy.

From sugar farmers in northern Uttar Pradesh going unpaid for produce, to small businesses in the south shut because they are unable to meet the requirements of a new, unifying national tax, discontent has brewed for months. “The election has become a lot closer than we think, sitting in Delhi,” said Nilanjan Mukhopadhyay, author of a Modi biography and books on Hindu nationalist groups. “There is anger and disillusionment in the countryside.” In December, alarm bells rang for Modi’s Hindu nationalists after it lost three key states to the main opposition Congress and its allies, led by Rahul Gandhi. But a surge in tension with traditional foe Pakistan in February has pushed Modi ahead, as he projects himself as a defender of national security and paints his rivals as weak-kneed, sometimes even questioning their patriotism.

“People were very unhappy, angry that Modi makes tall promises and doesn’t deliver,” said Shiv Chandra Rai, an Uber driver in the commercial capital of Mumbai. “Everyone said there are no jobs, everywhere farmers are struggling. But on this issue of Pakistan we are confused now. Some people feel we have to vote for Modi on this issue, it is a national problem.” Modi ordered air strikes on a suspected camp of a militant group in Pakistan after it claimed responsibility for a deadly bombing in Indian Kashmir, launching the first such raid since the neighbors’ last war in 1971. The nuclear-armed foes engaged in a dogfight after Pakistan sent warplanes into India the next day. They also threatened each other with missile strikes, before Western powers, led by the United States, pulled them back.

Read more …

So many millions of Europeans who depend on the Alps for drinking water.

Two-Thirds Of Glacier Ice In The Alps ‘Will Melt By 2100’ (G.)

Two-thirds of the ice in the glaciers of the Alps is doomed to melt by the end of the century as climate change forces up temperatures, a study has found. Half of the ice in the mountain chain’s 4,000 glaciers will be gone by 2050 due to global warming already baked in by past emissions, the research shows. After that, even if carbon emissions have plummeted to zero, two-thirds of the ice will still have melted by 2100. If emissions continue to rise at the current rate, the ice tongues will have all but disappeared from Alpine valleys by the end of the century. The researchers said the loss of the glaciers would have a big impact on water availability for farming and hydroelectricity, especially during droughts, and affect nature and tourism.


“Glaciers in the European Alps and their recent evolution are some of the clearest indicators of the ongoing changes in climate,” said Daniel Farinotti, a glaciologist at ETH Zurich in Switzerland and one of the research team. “In the pessimistic case, the Alps will be mostly ice-free by 2100, with only isolated ice patches remaining at high elevation, representing 5% or less of the present-day ice volume,” said Matthias Huss, a senior researcher at ETH Zurich. In February, a study found that a third of the huge ice fields in Asia’s towering mountain chains were also doomed to melt because of climate change, with serious consequences for almost 2 billion people downstream. Glaciers along the Hindu Kush and Himalayan range are at higher, colder altitudes, but if global carbon emissions are not cut, two-thirds of their ice will melt by 2100.

Read more …

Dec 232018
 
 December 23, 2018  Posted by at 5:52 pm Primers Tagged with: , , , , , , , , , , , ,  


Diego Velázquez The Spinners 1655-60

 

Dirk Kurbjuweit, deputy editor-in-chief of Germany’s Der Spiegel magazine for the past 4 years, unwittingly put his foot a mile deep in his mouth this week when he reacted to a letter written by US Ambassador to Berlin Richard Grenell. His reaction presents perhaps the most perfect example of the downfall of news, journalism, the media in general, that we’ve seen so far. Most perfect among very stiff competition.

After Der Spiegel itself this week ‘outed’ its award-winning star reporter, Claas Relotius, as someone who had made up many of his lauded articles from scratch, Grenell suggested the magazine, and especially its editorial staff, shouldn’t think they can get away with putting all the blame on just this one guy. He tweeted:

We value policy criticism. We love a free press. But @Spiegel literally fabricated stories saying people (Americans) were racist & xenophobic. They made up events, details, & lies – and no editor checked the stories. Every real journalist should be outraged by this.

And he wrote a letter to Der Spiegel, albeit addressed at the ‘wrong’ editor, Steffen Klussman, who won’t be in the post until after Jan. 1:

The recent revelations of completely fabricated stories, completely fictional people and fraudulent details in Spiegel over the last seven years are very troubling to the US Embassy. These fake news stories largely focused on US policies and certain segments of the American people. It is clear we were targeted by institutional bias and we are troubled by the atmosphere that encouraged this recklessness.

While Spiegel’s anti-American narratives have expanded over the last years, the anti-American bias at the magazine has exploded since the election of President Trump. We are concerned that these narratives are pushed by Spiegel’s senior leadership and reporters are responding to what the leadership wants.

This is where Dirk Kurbjuweit’s foot enters his mouth, stage left, and starts its long journey down:

It is true that one of our reporters in large part fabricated articles, including reports from the United States. We apologize to all American citizens who were insulted or denigrated by these articles. We are very sorry. This never should have happened. In this case, our safeguarding and verification processes failed. We are working hard to clarify these issues and improve our procedures and standards.

I would, however, like to counter you on one point. When we criticize the American president, this does not amount to anti-American bias – it is criticism of the policies of the man currently in office in the White House. Anti-Americanism is deeply alien to me and I am absolutely aware of what Germany has the U.S to thank for: a whole lot. DER SPIEGEL harbors no institutional bias against the United States.

Of course, first of all, Grenell is right, if you let someone write fake stories for 7 years and your editors, which included Kurbjuweit himself, don’t catch one single lie, it looks like you’re letting the fabrications ‘slip through’ on purpose. As Grenell implies, it looks like the entire magazine is/was trying to fabricate the news, not report on it.

But that’s not where Kurbjuweit’s foot is in his mouth. That comes in the second paragraph . Where he effectively says that criticizing America and Americans, including through fully fabricated stories, does not constitute an anti-American bias. Instead, he says, Der Spiegel simply suffers from Trump Derangement Syndrome. In other words, not an anti-American bias, but an anti-Trump bias.

And that, in his view, is apparently fine. And though it is of course not, certainly for an editor of a magazine that has (make that had) a reputation to uphold, who can really blame him? In the American press, all he sees is Trump Derangement Syndrome all the time, in at least 90% of the media. So how can anyone blame a German editor for doing what the New York Times and CNN do 24/7?

The problem with all of this obviously is that all these news outlets are supposed to report the news, and none of them do anymore. They ‘report’ the opinions of their editors and ‘journalists’, and if these people don’t like whoever it is the American people elect as their president, it’s open season.

American media has made it acceptable for foreign media to write fake articles about the US president, which means ridicule of the Office of the President is fine too, and thereby the process by which he was elected. Re-read Kurbjuweit’s statement, that is what he says.

This is a sort of new normal that may well be the main legacy of 2018. It’s where the surge of social media and the internet in general have led us. In the process, they’ve swallowed the truth whole, and we may never see it again.

The truth is not a winning proposition. Fabricating stories and narratives and using them to string readers and viewers along like a modern version of the Pied Piper is a much bigger winner than the truth, and they’re all waking up to this new reality.

 

Der Spiegel’s response to being exposed as liars is to pretend to be open about it, but only by blaming one individual, while sparing the editors who let him roam free for 7 years.

The Guardian, which ran a fabricated story about meetings between Paul Manafort and Julian Assange in London’s Ecuadorian embassy a few weeks ago and was also exposed, has chosen a different approach: they attempt to smother the truth in silence. Both the writers of the story and editor-in-chief Kathy Viner, responsible for publishing blatant lies and fabrications are still on the payroll, there’s been no retraction and no apologies.

But there’s a flipside to this kind of thing. If you try to get away with murdering the truth the way Der Spiegel and the Guardian have done in these two instances, who’s going to read you next time around if they want to know what really happens, and take your words as true? No-one in their sound mind. So it’s necessarily a short term strategy.

Still, while it lasts, it’s profitable. And it’s mighty contagious too. If and when the foreign press no longer feels any qualms about admitting they suffer from Trump Derangement Syndrome, that is because US media have paved that road for them. Before the internet fueled its (dis-)information explosion, this would have been impossible.

It makes you wonder where this will go in 2019. What’s already evident is that you can’t believe your trusted news sources anymore. And it’s not a matter of some articles being true and some not; nothing published by Der Spiegel and the Guardian can be taken for granted as true from here on in, both are done as reliable news sources. Because they’ve been exposed as having lied on purpose, and only once is enough.

Same goes for many of the formerly trusted US MSM. And that should really, really make you wonder where this will take us in 2019. Truth is eroding faster than you can keep up with, and it’s your once trusted voices that lead the erosion. Where are you going to get your news? What and who can you trust?

Here’s a thought: follow the Automatic Earth. And good thing is, you don’t have to like Trump to not like where this is going. We don’t particularly like him either. We just dislike lies and fake news a whole lot more.