Nov 212019
 
 November 21, 2019  Posted by at 9:52 am Finance Tagged with: , , , , , , , , , ,  13 Responses »


Dorothea Lange Missouri drought refugees. Broke, baby sick, car trouble.’ U.S. 99 near Tracy, California 1937

 

Ukraine Expands Probe Into Head Of Firm That Employed Hunter Biden (RT)
Ukrainian MP Claims $7.4 Billion Obama-Linked Laundering (ZH)
Story About Migrant Children Scrubbed As UN Said It Happened Under Obama (RT)
China Says Will Strive To Reach ‘Phase One’ Trade Deal With US (R.)
Do Not Despair of This Election (Craig Murray)
‘Downward Mobility’ A Reality For Many British Youngsters Today (G.)
A Deadly Game of Chicken in Iraq and Lebanon (Cambanis)
Why Won’t Carrie Lam Allow An Independent Inquiry? (SCMP)
Jeffrey Epstein Guests Were Secretly Filmed In Every Bedroom And Toilet (Sun)
China’s Appetite For Coal Power Returns Despite Climate Pledge (G.)

 

 

Fire the prosecutor!

Ukraine Expands Probe Into Head Of Firm That Employed Hunter Biden (RT)

Joe Biden’s son, Hunter, is mentioned in several probes relating to Burisma’s founder, the Ukrainian prosecutor has said, as leaked documents allege that he was part of a money-laundering scheme. Ukrainian Prosecutor General Ruslan Ryaboshapka said that a long-running probe into Mykola Zlochevsky, the founder of Burisma natural gas company, has been expanded to include allegations of large-scale embezzlement of government funds. Hunter Biden sat on the firm’s board of directors. The on-and-off investigation into alleged shady dealings at Burisma was galvanized in August, when Ryaboshapka ordered a review of criminal cases involving the company.

Since the start of an ongoing impeachment inquiry into whether US President Donald Trump offered his Ukrainian counterpart Volodymyr Zelensky a ‘quid pro quo’ of military aid in return for reopening an investigation into Biden, the case has become a critical part of US political discourse. Speaking to reporters on Wednesday, Ryaboshapka said that he did not have any contact with US officials, and was in no way “asked” or “pressured” into going after the Biden family. The prosecutor said that there was no “Burisma case” per se, but noted that investigators have been handling 13 cases related to Zlochevsky. When asked if any of those pertained to Burisma’s legal woes, Ryaboshapka spilled some beans, revealing that the company’s name, as well as that of the younger Biden, have popped up in “several” of those cases.

While the prosecutor has yet to provide any additional details as to why Biden’s name was included in the papers, in a separate press conference two Ukrainian MPs claimed they had obtained documents which detail prosecutors’ suspicions that the son of the US presidential hopeful and other “consultants” were paid opulent salaries with money “obtained through criminal means,” which was then laundered with the help of Zlochevsky. [..] The case against Zlochevsky, who was also Ukraine’s minister for ecology and natural resources from July 2010 until April 2012, has now stalled, with authorities unable to locate him. Ryaboshapka confirmed on Wednesday that the ex-minister has been put on a wanted persons list.

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Where and when corruption rules. But don’t investigate, you’d be meddling in the US election. Can’t have that.

Ukrainian MP Claims $7.4 Billion Obama-Linked Laundering (ZH)

A Ukrainian MP says a document leaked from the Ukraine’s Office of the Prosecutor General contains claims against Burisma owner Nikolai Zlochevsky, as well as Hunter Biden and his partners – who allegedly received $16.5 million for their ‘services’ – according to Alexander Dubinsky of the ruling Servant of the People Party. Dubinsky made the claim in a Wednesday press conference, citing materials from an investigation into Zlochevsky and Burisma. “Zlochevsky was charged with this new accusation by the Office of the Prosecutor General but the press ignored it,” said the MP. “It was issued on November 14.”

“The son of Vice-President Joe Biden was receiving payment for his services, with money raised through criminal means and money laundering,” he then said, adding “Biden received money that did not come from the company’s successful operation but rather from money stolen from citizens.” According to Dubinsky, Hunter Biden’s income from Burisma is a “link that reveals how money is siphoned [from Ukraine],” and how Biden is just one link in the chain of Zlochevsky’s money laundering operation which included politicians from the previous Yanukovich administration who continued their schemes under his successor, President Pyotr Poroshenko.

“We will reveal the information about the financial pyramid scheme that was created in Ukraine and developed by everyone beginning with Yanukovich and later by Poroshenko. This system is still working under the guidance of the current managerial board of the National Bank, ensuring that money flows in the interest of people who stole millions of dollars, took it offshore and bought Ukrainian public bonds turning them into the Ukrainian sovereign debt,” said Dubinsky, adding that “in both cases of Yanukovich and Poroshenko, Ms. Gontareva and companies she controls were investing the stolen funds.”

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This is how we roll.

What the Trump impeachment inquiry really shows is that elites on both ‘sides’ – Republican and Democrat, the Giulianis and Bidens of this world – are elbow-deep in money-laundering the plunder of the planet’s last resources. There are *no* good guys here – Jonathan Cook

Story About Migrant Children Scrubbed As UN Said It Happened Under Obama (RT)

Several news agencies have opted to delete a story stating that 100,000 migrant children were detained in US border facilities after the United Nations clarified that the number is years old, predating the age of Trump. After media outlets published stories trumpeting the 100,000 figure earlier this week, based on the word of UN refugee specialist Manfred Nowak, the expert was forced to correct his initial statement on Tuesday. As it turns out, the figure Nowak cited to reporters dates back to 2015, meaning the dramatic number of detentions he revealed occurred under the watch of President Barack Obama, rather than Donald Trump, who is often assailed by progressive critics over his border policies.


Instead of issuing corrections, however, Nowak’s clarification prompted several outlets to withdraw their stories altogether, including Reuters and AFP, who both said no replacement story would be forthcoming. Once responsibility for the vast number of detentions was passed from Trump to Obama, however, Nowak decided to clarify further that the 100,000 figure referred to the cumulative number of migrant children detained at any point in 2015, rather than all at one time, another caveat he apparently forgot to explain to reporters previously. Despite frequent and vocal criticisms of President Trump’s border policies, his predecessor’s approach to immigration was not entirely different, even earning Obama the moniker of “Deporter in Chief.” During his first term, President Obama deported some 400,000 migrants each year, setting a record for himself in 2012 at over 409,000. President Trump, meanwhile, has deported fewer than 300,000 each year since taking office in 2017.

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I have the impression they make these statements every now and then just to make markets go up, not because they’re real.

China Says Will Strive To Reach ‘Phase One’ Trade Deal With US (R.)

China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unraveling. China is willing to work with the United States to resolve each other’s core concerns on the basis of equality and mutual respect, and will try hard to reach a “phase one” deal, Gao Feng, spokesman at the ministry, told reporters. “This is in line with the interests of both China and the United States, and of the world,” Gao said. Economists warn that the prolonged trade dispute between China and the United States is escalating risks to the global economy by disrupting supply chains, discouraging investment and dampening business confidence.


Completion of a phase one deal could slide into next year, trade experts and people close to the White House told Reuters previously, as Beijing presses for more extensive tariff rollbacks and the U.S. administration counters with heightened demands of its own. Officials from Beijing had suggested that Chinese President Xi Jinping and U.S. counterpart Donald Trump might sign a deal in early December. Some experts said the next date to watch was Dec. 15, when U.S. tariffs on about $156 billion in Chinese goods are set to take effect, including holiday gift items such as electronics and Christmas decorations.

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I’m tired of the Brexit issue, but I like Craig Murray, so here.

Do Not Despair of This Election (Craig Murray)

I have had moments in the last few days which led me to feel pretty hopeless. Perhaps the worst was in the ITV debate when Corbyn was roundly jeered by a substantial section of the audience for stating that climate change impacted hardest on the poorest people in the poorest countries. That encapsulated for me the current far right political climate in England, dominated by boorish, selfish stupidity. I do not come from a left wing political background and I have never subscribed to the romanticisation of “the people”. Years living in the UKIP heartland of Ramsgate made me realise that “the people” en masse can be very unpleasant and racist indeed. I have always for that reason eschewed direct democracy and subscribed to a very Burkean view.

That however falls down when, as now, you have a political class who are becoming even more base and vicious than the most unpleasant mob. But the growl of that studio audience, infuriated that Corbyn cared about the foreign poor, is a warning klaxon of the state of English society. A close second despair-inducing moment was Jo Swinson’s interview following the debate when, asked if she would press the nuclear button, she replied without a millisecond of hesitation: “yes”. As I reported last week, when asked at the Lib Dem campaign launch why she would not put Corbyn into Downing St in any circumstances, she had instantly replied that he would not be prepared to instruct submarine commanders to fire nuclear weapons. sThe woman is deranged.

I come from a Liberal tradition. Probably the two books which most influence my thinking are On Liberty by John Stuart Mill and Imperialism, A Study by J A Hobson. The line of British liberal thinking that comes down through writers including Hazlitt, Shelley, Byron, Carlyle, Mill, Hobson, Russell and Keynes is a tradition which looks set to disappear from British political thought. That makes me horribly sad. One thing I am sure of is that Swinson has read none of them. That the Lib Dems had moved economically so far to the right was already worrying me. Their completely illiberal opposition to Scottish Independence upset me still further. But that the party to which I belonged for 30 years and which was once led by my friend, the gentle and wise Charlie Kennedy, could now be led by an arm whirling, narcissistic, female version of Dr Strangelove, is beyond my wildest nightmares.

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And these are still the good times.

‘Downward Mobility’ A Reality For Many British Youngsters Today (G.)

Downward mobility – the phenomenon of children doing less well than their parents – will become a reality for young people today unless society makes dramatic changes, according to two of the UK’s leading experts on social policy. The UK is among the worst of the developed countries for social mobility. It appears increasingly unlikely that people will be able to escape economic disadvantages linked to their background. However, in a paper published by the London School of Economics’ Centre for Economic Performance (CEP), Lee Elliot Major and Stephen Machin warn that even the “dream of just doing better, let alone climbing the social ladder, is disappearing”.


Elliot Major is chief executive of the Sutton Trust, a UK foundation improving social mobility, and an adviser to the Office for Fair Access, while Machin is a professor of economics at the LSE and director of the CEP. Downward mobility is already in evidence in home ownership, according to research the pair have done for their book, What Do We Know and What Should We Do About Social Mobility?, which is due to be published in 2020. The pair found that people aged 42 in 2012, with parents who did not own their own homes, were 15% less likely to own a home than those who were 42 in 2000. “Thus the generational divide in the housing market has worsened significantly as intergenerational home ownership mobility fell,” Elliot Major said.

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I like this story, but I don’t see why the author limits himself to those two countries.

A Deadly Game of Chicken in Iraq and Lebanon (Cambanis)

The popular revolts in Iraq and Lebanon may be against different governments, but they represent a linked challenge to despotism and regime violence in the Arab world. And both share a central element: They are quintessential showdowns. Because the regimes refuse to consider incremental reform, the only way forward is to win. Defeat, for either side, will be absolute. Gradual reform might be the best theoretical outcome for these troubled states, but, alas, it isn’t on offer. To that end, demonstrators have put their lives on the line for months on end to demand change. It’s a risky move. They’re making it impossible for the ruling clique to continue its extractive rule, leaving it with only two choices: destroy the demonstrations, or change their ways.

But the demonstrators are using the only method available, short of resorting to an armed rebellion or a coup, to resist predatory regimes that foreclose any reasonable attempt at incremental or democratic reform. In both cases, the popular movements have internalized some of the lessons of the Arab revolts that came before: Issue concrete demands, pay attention to the national political narrative, try to persuade the wider public, and innovate tactics in order to maintain momentum. (Unfortunately, they’re less clear on the benefits of naming leaders and contesting hard-power institutions.) Regimes have studied the other revolts too, and as a result have opted to use force from the get-go—in Iraq’s case, lethal force. If the protests subside or fracture, the ruling authorities will use all the tools at their disposal to destroy them.

The zero-sum nature of the revolts stems from the recalcitrance of the regimes. They are unable to reform even slightly, because their entire system is built around extraction, rather than governance. Traditionally, even a corrupt regime benefits from economic growth—there’s more to steal. But the regimes in Iraq and Lebanon have opted to rely on mainline extortion and Ponzi schemes. Even disruption and collapse that harm the population can benefit the rulers. The governors no longer share common interests with the governed. That disconnect fuels the popular desire for a radical overhaul of the system.

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Carrie Lam has nothing to say. Beijing rubbishing the High Court ruling on face masks made that clear – again.

Why Won’t Carrie Lam Allow An Independent Inquiry? (SCMP)

In the street a few days ago, a young woman approached me with a simple question, “Mrs Chan, what can be done?” How I wish I had an answer or, rather, how I wish I had an answer that our Chief Executive Carrie Lam Cheng Yuet-ngor and her team of advisers would act on. The Hong Kong government is effectively dead in the water, unable to either do what must be done to defuse the crisis, or convince its masters in Beijing that clamping down harder on the protests is not a solution. After more than five months of increasingly violent unrest, there is not one scintilla of evidence to support this strategy. On the contrary, it is clear that anger at and, in some cases, downright hatred of the police has been the trigger for protesters’ more extreme reactions.


There is much talk of the need for dialogue. But just as you need two to tango, dialogue requires the participation of two parties at least willing in principle to work to find some common ground on which to build reconciliation, something that is currently sorely lacking. The shocking escalation in violence that we have witnessed over the past two weeks underlines the urgency for both sides to step back from the brink, before further deaths and serious injuries occur. The wanton destruction of our campuses, railway stations and shopping malls, the blocking of key motorways and attacks on ordinary citizens simply trying to get to work are not just unacceptable, they are becoming counterproductive.

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That was not obvious yet?

Jeffrey Epstein Guests Were Secretly Filmed In Every Bedroom And Toilet (Sun)

Jeffrey Epstein’s guests were secretly filmed in every bedroom and toilet of his New York City home, one of his accusers has claimed. Maria Farmer alleges she was abused by the disgraced paedo when she was a 26-year-old aspiring model in 1996. The now 49-year-old told CBS This Morning how Epstein’s’ home was under constant TV surveillance. She told co-host Anthony Mason how Epstein showed her the ‘media room’. Maria said: “The main thing he did when I walked in and thought was interesting, he showed me where the men monitoring everything were. “So if you’re facing the house, there’s a window on the right that’s barred – that’s the room, the ‘media room’ is what he called it.

“And so there was a door that looked like an invisible door with all this limestone and everything and you push it and you go in and I saw all the cameras. She then points to how she remembers the televisions were stack on top of each other. Maria said: “What it was – was like old televisions basically, like stacked.” “They were monitors inside this cabinet and there were men sitting here and I looked on the cameras and I saw toilet, toilet, bed, bed, toilet, bed. “And I was like I’m never going to use the restroom here and I am never going to sleep here.” In the same interview, Maria labelled Prince Andrew “revolting and disgusting” over his BBC Newsnight interview.

After watching the Duke of York’s interview about his links with his paedo pal Epstein, Maria said of the prince: “He is revolting and disgusting. Shame on you! “I would like to know why is his memory so poor? Does he really believe that we can think that at his age he forgets these things?”

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All China’s ever done is to pay lip service to the issue. Most of those new coal plants have been in the planning for a long time.

China’s Appetite For Coal Power Returns Despite Climate Pledge (G.)

China’s growing appetite for new coal-fired power stations has outstripped plant closures in the rest of the world since the start of last year, data shows. Elsewhere countries reduced their capacity by 8GW in the 18 months to June because old plants were retired faster than new ones were built. But over the same period China increased its capacity by 42.9GW despite a global move towards cleaner energy sources and a pledge to limit the use of coal. Christine Shearer, an analyst at the NGO Global Energy Monitor, said: “China’s proposed coal expansion is so far out of alignment with the Paris agreement that it would put the necessary reductions in coal power out of reach, even if every other country were to completely eliminate its coal fleet.”

More than 30 countries plan to phase out coal-fired power to help reduce carbon emissions and keep global temperatures from rising to catastrophic levels. The UK has just five coal-fired power stations, with one in south Wales scheduled to close next year and two more to be converted to gas within the next two years. Global Energy Monitor said the gulf between China and other countries was on track to widen as Beijing pursued plans to build more new plants than the rest of the world combined. China is also helping to finance a quarter of all the new coal projects in the rest of the world, including in South Africa, Pakistan and Bangladesh.

China’s coal investments, including domestic projects, mean it is backing more than half of all global coal power capacity under development. The country has a pipeline of 147GW of coal plants that are either under construction or suspension but are likely to be revived, the report says. This is more than all existing coal plants in the EU combined and almost 50% higher than the 105GW of capacity planned in the rest of the world.

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