Dec 202019
 
 December 20, 2019  Posted by at 10:50 am Finance Tagged with: , , , , , , , , , ,  5 Responses »


Dorothea Lange Butter bean vines across the porch, Negro quarter, Memphis, Tennessee 1938

 

“Let Them Impeach And Be Damned” (Turley)
House-Senate Impeachment Impasse Would Mean Trump Wasn’t Impeached At All (ZH)
Durham Reportedly Seeking Ex-CIA Director Brennan’s Emails, Call Logs (ZH)
US Freight Shipments Fall Below 2014 Level. Answers Emerge (WS)
Japan Cabinet Approves Record $939 Billion Budget Spending Plan (R.)
Fukushima Daiichi No.1 Reactor To Be Covered (NHK)
Sturgeon Demands Independence Referendum Powers Be Devolved (G.)
Boris Johnson’s Brexit Bill ‘Tears Up’ Protections For Child Refugees (Ind.)
Assange CANNOT Be Extradited Because Of Treaty Between US-UK: Legal Team (RT)

 

 

One of the few good things to emerge from the impeachment tragedy: Jonathan Turley’s clear voice.

“Let Them Impeach And Be Damned” (Turley)

“Let them impeach and be damned.” Those words could have easily come from Donald Trump, as the House moves this week to impeach him. They were, however, the words of another president who not only shares some striking similarities to Trump but who went through an impeachment with chilling parallels to the current proceedings. The impeachment of Trump is not just history repeating itself but repeating itself with a vengeance.

The closest of the three prior presidential impeachment cases to the House effort today is the 1868 impeachment of Andrew Johnson. This is certainly not a comparison that Democrats should relish. The Johnson case has long been widely regarded as the very prototype of an abusive impeachment. As in the case of Trump, calls to impeach Johnson began almost as soon as he took office. A southerner who ascended to power after the Civil War as a result of the assassination of Abraham Lincoln, Johnson was called the “accidental president” and his legitimacy was never accepted by critics. Representative John Farnsworth of Illinois called Johnson an “ungrateful, despicable, besotted, traitorous man.”

Johnson opposed much of the reconstruction plan Lincoln had for the defeated south and was criticized for fueling racial divisions. He was widely viewed as an alcoholic and racist liar who opposed full citizenship for freed slaves. Ridiculed for not being able to spell, Johnson responded, “It is a damn poor mind that can only think of one way to spell a word.” Sound familiar? The “Radical Republicans” in Congress started to lay a trap a year before impeachment. They were aware that Johnson wanted their ally, War Secretary Edwin Stanton, out of his cabinet, so they then decided to pass an unconstitutional law that made his firing a crime.

To leave no doubt of their intentions, they even defined such a firing as a “high misdemeanor.” It was a trap door crime created for the purposes of impeachment. Undeterred, Johnson fired Stanton anyway. His foes then set upon any member of Congress or commentator who dared question the basis for the impeachment. His leading opponent, Representative Thaddeus Stevens of Pennsylvania demanded of them, “What good did your moderation do you? If you do not kill the beast, it will kill you.”

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Feldman also makes a solid argument, instead of the opinionated statements he made in the House.

House-Senate Impeachment Impasse Would Mean Trump Wasn’t Impeached At All (ZH)

While Nancy Pelosi threatens to withhold articles of impeachment passed Wednesday night by the House, Harvard Law Professor Noah Feldman says that President Trump isn’t technically impeached until the House actually transmits the articles to the Senate. Feldman, who testified in front of the House Judiciary Committee’s impeachment proceedings earlier this month, argues in a Bloomberg Op-Ed that the framers’ definition of impeachment “assumed that impeachment was a process, not just a House vote,” and that “Strictly speaking, “impeachment” occurred – and occurs — when the articles of impeachment are presented to the Senate for trial. And at that point, the Senate is obliged by the Constitution to hold a trial.”

“If the House does not communicate its impeachment to the Senate, it hasn’t actually impeached the president. If the articles are not transmitted, Trump could legitimately say that he wasn’t truly impeached at all. That’s because “impeachment” under the Constitution means the House sending its approved articles of to the Senate, with House managers standing up in the Senate and saying the president is impeached. As for the headlines we saw after the House vote saying, “TRUMP IMPEACHED,” those are a media shorthand, not a technically correct legal statement. So far, the House has voted to impeach (future tense) Trump. He isn’t impeached (past tense) until the articles go to the Senate and the House members deliver the message.” -Noah Feldman

Pelosi, meanwhile, won’t transmit the articles until the Senate holds what she considers a “fair” trial. Roughly modeled after England’s impeachment procedures, the framers in Article I of the constitution gave the House “the sole power of impeachment,” while giving the Senate “the sole power to try all impeachments.” [..] In closing, Feldman says “if the House never sends the articles, then Trump could say with strong justification that he was never actually impeached,” adding “And that’s probably not the message Congressional Democrats are hoping to send.”

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Where is he on Clapper?

Durham Reportedly Seeking Ex-CIA Director Brennan’s Emails, Call Logs (ZH)

Attorney General William Barr told “The Story with Martha MacCallum” that by the time Trump was inaugurated in January 2017, it had become clear that allegations raised by the FBI against a former Trump campaign aide George Papadopoulos were largely baseless, and that pursuing George Papadopoulos’ “had very little probative value.” Additionally, Barr admitted, in a very candid (for him) moment, that federal prosecutor John Durham (who is scrutinizing the Russia investigation) “isn’t just looking at the FBI, he’s looking at other agencies, departments, and private actors,” but that “the other agencies are cooperating very well.”

Which is all the more intriguing as, at the same time as his interview aired, The New York Times dropped a bombshell, reporting that, according to three people briefed on the inquiry, Durham’s investigation has begun examining the role of the former C.I.A. director John O. Brennan in how the intelligence community assessed Russia’s 2016 election interference. Specifically, Durham has requested Brennan’s emails, call logs, and other documents from the C.I.A. (and judging by Barr’s statement that “other agencies are cooperating very well,” we suspect Durham will get what he wants. Additionally, NYT reports that Durham is also examining whether Mr. Brennan privately contradicted his public comments, including May 2017 testimony to Congress, about both the dossier and about any debate among the intelligence agencies over their conclusions on Russia’s interference.

Of course, NYT is quick to ‘warn’ readers that Durham’s decision to probe Brennan’s actions deeper will “add to accusations that Mr. Trump is using the Justice Department to go after his perceived enemies.” But we ask, just as with Ukraine and the Bidens, is it only ‘not allowed’ to root out corruption if the corrupt is a representative of ‘the other’? We will let AG Barr respond to that implied problem: “The president bore the burden of probably one of the greatest conspiracy theories – baseless conspiracy theories – in American political history.” [..] We suspect that if Durham cracks Brennan, he will take everyone else down with him. Maybe Nancy will hand the impeachment articles over at that moment… as a distraction from the real threat to America’s democracy, constitution, and common man.

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If you’re into climate issues, this should make you rejoice.

US Freight Shipments Fall Below 2014 Level. Answers Emerge (WS)

Freight shipment volume in the US by truck, rail, air, and barge of consumer and industrial goods but not bulk commodities declined 3.3% in November from a year ago, the 12th month in a row of year-over-year declines, according to the Cass Freight Index for Shipments. This follows a huge boom in shipments through much of 2018, but by November last year, that boom was already fizzling, and by December last year, shipments declined on a year-over-year basis for the first time since the last freight recession. Note the infamous boom-and-bust cycles of the business:

The Cass Freight Index tracks shipment volume of consumer goods, industrial products such as construction materials, equipment and components being shipped to or by manufacturers, supplies and equipment for oil & gas drilling, and many other things. But it does not track bulk commodities, such as grains. Cass derives the data from actual freight invoices paid on behalf of its clients ($28 billion in 2018). The boom levels last year had been stimulated by pandemic efforts all around to front-run the tariffs by loading up on merchandise. But November’s drop in shipment volume didn’t just put the index below November last year, but also below 2017 levels and 2014 levels and nudged it closer to the lows of the 2015 and 2016 freight recession. In the stacked chart below – note the seasonality of the business – the red line represents the index for 2019. The top black line represents 2018, the purple line 2017, and the yellow line 2014:

The Oil-and-Gas-Bust Factor. For more granularity, we’ll look at durable goods shipments – which include anything from washing machines (knock on wood in term of “durable”) to industrial equipment. Durable goods shipments in November fell 1.5% year-over-year. But within that group, shipments of machinery and equipment for agriculture, construction, and mining, which is dominated by equipment for shale oil-and-gas drilling, plunged 13.6% year-over-year. During the peak of the Oil Bust in late 2015 and early 2016, shipments of equipment to these sectors plunged by as much as 37% year-over-year, much worse than the plunge during the Financial Crisis when they’d bottomed out at -29%. This is how important the oil-and-gas sector has become to US industry.

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Take a spoonful of Abenomics, add several pounds of sugar.

Japan Cabinet Approves Record $939 Billion Budget Spending Plan (R.)

Japan’s government has approved a record budget spending plan worth $939 billion for the coming fiscal year, the Ministry of Finance said on Friday, as it struggles to curb spending and manage the industrial world’s heaviest public debt burden. The 102.7 trillion yen ($939 billion) general-account budget for the year beginning April 1 marks a 1.2% rise from the current year, boosted by record outlays for welfare and the military and other spending aimed at boosting the economy. Prime Minister Shinzo Abe has prioritized growth over fiscal reform under his “Abenomics” reflationary policy of monetary stimulus and flexible spending, and planned spending has increased for eight straight years.


Part of the planned spending will help finance a $122 billion fiscal package put together this month by Abe’s cabinet to shore up growth beyond the 2020 Tokyo Olympics after hits from the U.S.-China trade war and an Oct. 1 sales tax hike to 10%. [..] Japan’s public debt is more than double the size of its $5 trillion economy, by far the highest among advanced economies. Bond yields have been suppressed by Bank of Japan money printing under a policy that caps 10-year JGB yields around 0%, allowing the government to rely on cheap borrowing. Perhaps mindful of fiscal discipline, Japan aims to cut new bond issuance for a 10th straight year – to 32.6 trillion yen from 32.7 trillion yen this year, helped in part by additional revenues from the sales tax hike.

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Scary people.

Fukushima Daiichi No.1 Reactor To Be Covered (NHK)

The operator of the damaged Fukushima Daiichi nuclear power plant says it will install a giant cover over one of the reactors that underwent a nuclear meltdown as part of its dismantling process. Tokyo Electric Power Company announced the decision on Thursday regarding the No.1 reactor building, which was affected by the 2011 earthquake and tsunami. The covering will measure 65 meters high, 65 meters long and 50 meters wide. Its ceiling will have cranes that can be used to remove debris. The reactor’s fuel storage pool still holds 392 nuclear fuel units. As part of their removal process, TEPCO is clearing scattered debris from the building.


TEPCO says that by installing the cover, it aims to lower the risks of radioactive dust spreading outside during the debris removal process. It added that the device will also prevent rainwater from getting into the reactor building, thereby helping to reduce the volume of newly contaminated water. TEPCO says it cannot tell when the device will be completed, as it is still in the process of making a detailed construction plan.

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Self-determination in 2020. Scotland has to ask the country they want to separate from if that’s okay.

Sturgeon Demands Independence Referendum Powers Be Devolved (G.)

Nicola Sturgeon has called for the Scottish parliament to be given permanent powers to hold subsequent referendums on independence from the UK. Describing the SNP’s success in last week’s general election as an “unarguable mandate by any normal standard of democracy”, Scotland’s first minister confirmed on Thursday morning that she had formally written to Boris Johnson to request the powers to legally stage another referendum under section 30 of the 1998 Scotland Act. Alongside this, the SNP leader published a 38-page document that also sets out draft amendments to the statute, which would devolve the right to hold votes on leaving the UK to Holyrood.

Insisting that she was not advocating for a third independence referendum – “not least because I think when Scotland gets the chance to vote again, it will vote for independence” – she refused to rule one out for ever, underlining that no first minister could bind the hands of their successors over the right to self-determination. Entitled Scotland’s Right to Choose, the publication argues that there has been a “material change of circumstance” since the independence referendum of 2014, based on “the prospect of Scotland leaving the EU against its will and what EU exit has revealed about Scotland’s position within the UK”.

Launching the document at an event at her official residence of Bute House in Edinburgh, Sturgeon said she “fully expected to get a flat no” from Westminster initially. “I’m going to stand my ground. I fully expect today we will get the flat no of Westminster opposition, but that will not be the end of the matter and Boris Johnson should not be under any illusion that it is.”

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No surprise.

Boris Johnson’s Brexit Bill ‘Tears Up’ Protections For Child Refugees (Ind.)

Boris Johnson’s Brexit plans “tear up” a government pledge to protect child refugees in Europe seeking to reunite with family in the UK, campaigners have said. The Prime Minister’s new withdrawal agreement bill, which sets out plans for the UK’s exit from the EU, has scrapped a previous commitment to negotiate a new deal for child refugees after Brexit. The explanatory notes of the bill observe that the obligation to negotiate an agreement that “an unaccompanied child who has made a claim for international protection in a member state can come to the UK to join a relative” has been dropped. That obligation, which was pushed for and celebrated by Lord Alf Dubs and the wider Labour Party as well as refugee charities, has been replaced with a requirement only to make a statement to parliament.


Reacting to this, Shadow Brexit secretary Keir Starmer said: “During the last Parliament, Labour’s Alf Dubs led the campaign to protect child refugees post-Brexit. The Tories now want to tear up those protections. “As we leave the EU we cannot abandon our values of human rights and internationalism. Labour must continue to stand up for the most vulnerable people in the world.” Lord Alf Dubs told The Independent it was a “retrograde step” that could leave hundreds of children with relatives in the UK stranded alone in Europe. “It’s deeply depressing and deeply disappointing. We’re talking about children and young people who had some hope of a decent life with their relatives,” he said.

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Today Assange is set to be moved to the courtroom to face the Spanish judge via videolink.

Assange CANNOT Be Extradited Because Of Treaty Between US-UK: Legal Team (RT)

Lawyers for journalist and WikiLeaks founder Julian Assange will argue that a treaty between the US and UK explicitly bans extradition for political offenses when his hearing begins in early 2020. Assange faces 18 counts in the US including conspiracy to hack government computers and violating espionage laws with a possible penalty of decades in prison. His full extradition hearing is scheduled to begin on February 24, 2020 and his defense team have made clear their intention to fight his extradition using any and all means at their disposal. “We say that there is in the treaty a ban on being extradited for a political offense and these offenses as framed and in substance are political offenses,” Assange’s lawyer Edward Fitzgerald told London’s Westminster Magistrates’ Court.


Assange’s defense lawyers will also submit medical evidence, public comments made by US officials and details from the Chelsea Manning case to fight the WikiLeaks founder’s extradition to the US and are also expected to call up to 21 witnesses to testify. Manning is currently in prison for contempt of court after she refused to testify before a federal grand jury seeking to level additional charges against WikiLeaks and Julian Assange. Assange appeared via video link but the whistleblower is due to make an in-person appearance in court tomorrow to answer questions from a Spanish judge in relation to “revelations about bugging of conversations with his lawyers” during his prolonged seven-year exile at the Ecuadorian embassy in London, where he sought asylum to avoid extradition to Sweden for allegations of rape which have subsequently been dropped.

Medical observers from #Doctors4Assange were denied access to Thursday’s case management hearing for #JulianAssange, despite members of the public offering to give up seats for them.

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Dec 042019
 
 December 4, 2019  Posted by at 9:53 am Finance Tagged with: , , , , , , , , , , ,  17 Responses »


Arthur Rothstein Oregon or Bust, family fleeing South Dakota drought Jul 1936

 

‘Rumblings’ From Democrats On Censuring Trump Instead Of Impeachment (Hill)
Democrats Accuse Trump Of Abusing Power, Obstructing Impeachment Probe (R.)
Trump Unloads On ‘Maniac’ Adam Schiff: ‘He’s A Deranged Human Being’ (Fox)
Nunes Sues CNN Over ‘Demonstrably False’ Ukraine Report (York)
Durham Needs to Bring Indictments (Farrell)
Trump Says Barr Was Misquoted Regarding Horowitz (SAC)
Trump Was Right Before He Was Wrong: NATO Should Be Obsolete (CD)
Hillary Clinton Still Refuses To Rule Out Running For President (PJW)
China Steps In As Conglomerate Unravels (WS)
Investors Urge Big Oil To Follow ‘Poster Child’ Repsol’s Climate Pledge (R.)
Tackling Degraded Oceans Could Mitigate Climate Crisis (G.)

 

 

Lots of US politics today. It feels inevitable.

First, the way, the seeming certainty, with which the Dems issued their report yesterday, does not rhyme with the move from impeachment to censure. If the “evidence” were as strong as they claim it is, we would not be where we are today. The Dems would not ponder ‘only’ censure, and the GOP would not be united.

‘Rumblings’ From Democrats On Censuring Trump Instead Of Impeachment (Hill)

CNN senior global affairs analyst Bianna Golodryga said Tuesday that she’s hearing “rumblings” within the Democratic caucus that perhaps the party “should just go with censure” instead of trying to impeach President Trump. “You’re now hearing rumblings within, Democrats saying, ‘Maybe we should just go with censure,’ or not really knowing how to move forward on this given where the president is and given where Republicans are,” said Golodryga, who joined CNN after stints with ABC, CBS and Yahoo News. She pointed out that two weeks of public testimony on Trump’s dealings with Ukraine “did not move at all” the positions of Republicans ranging from moderates such as Rep. Will Hurd (Texas) to more vocal Trump defenders such as Rep. Elise Stefanik (N.Y.).


“They said that they do not believe anything the president did was impeachable and, in fact, they seem to be protecting the president more than they were prior to these two weeks,” she said. Polls in 2020 battleground states indicate that voters aren’t fully sold on House Democrats’ impeachment efforts. Surveys taken in Arizona, Florida, Michigan, Pennsylvania, Nevada, New Hampshire, North Carolina and Wisconsin show an average of 51 percent opposing impeachment and 44 percent supporting it, according to a Tuesday Washington Post story.

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The probe so far has been clearly a partisan one, and that should never happen. What we’ve seen is opinions and interpretations, not facts.

Democrats Accuse Trump Of Abusing Power, Obstructing Impeachment Probe (R.)

U.S. President Donald Trump solicited foreign interference to boost his re-election chances, undermined national security and ordered an “unprecedented” campaign to obstruct Congress, Democrats said on Tuesday in a report that lawmakers will use as the basis of any formal impeachment charges. In the 300-page report, Democrats leading the House of Representatives Intelligence Committee leveled allegations of sweeping abuse of power by Trump, saying he used U.S. military aid and the prospect of a White House visit to pressure Ukrainian President Volodymyr Zelenskiy to undertake investigations that would benefit Trump politically. Republican Trump, who will stand for re-election in November 2020, denies any wrongdoing and calls the inquiry a hoax.

The heart of the impeachment probe is whether Trump misused the power of his office to pressure Ukraine to investigate the son of former Vice President Joe Biden, a leading contender for the Democratic nomination to face Trump in the 2020 election. The public release of the report is a milestone in a weeks-long investigation into whether Trump should be removed from office over his dealings on Ukraine. It summarizes hours of private testimony and televised hearings in which former government officials described a months-long effort to pressure Ukraine to carry out the investigations sought by Trump in July.

The report’s completions hands the process over to the House Judiciary Committee, which will now be responsible for drafting actual articles of impeachment should lawmakers decide to move forward. That panel will begin proceedings on Wednesday. In the report, Democrats detail accusations that Trump obstructed their investigation, including refusing to provide documents and testimony from his top advisers, unsuccessful attempts to block career government officials from testifying and intimidation of witnesses. The Democrats argue that “damage … will be long-lasting and potentially irrevocable if the President’s ability to stonewall Congress goes unchecked.”

Making their case to move forward with impeachment, the report said that “any future President will feel empowered to resist an investigation into their own wrongdoing, malfeasance, or corruption, and the result will be a nation at far greater risk of all three.” In a news conference, House Intelligence Committee Chairman Adam Schiff described Trump as a “president who believes that he is beyond indictment, beyond impeachment, beyond any form of accountability and indeed above the law.”

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Gloves off.

Trump Unloads On ‘Maniac’ Adam Schiff: ‘He’s A Deranged Human Being’ (Fox)

President Trump tore into Rep. Adam Schiff, D-Calif., in harsh terms on Tuesday, taking a moment from his overseas tour in London to call the House Intelligence Committee chairman a “maniac” and a “deranged human being” over his handling of the impeachment inquiry. Trump was speaking to reporters alongside Canadian Prime Minister Justin Trudeau on the sidelines of a NATO summit, when he was asked what he would hope to learn from having Schiff testify in a possible Senate impeachment trial – a scenario some Republicans would like to see. “I learn nothing from Adam Schiff, I think he’s a maniac,” Trump said. “I think Adam Schiff is a deranged human being. I think he grew up with a complex for lots of reasons that are obvious. I think he’s a very sick man, and he lies.”

The comments demonstrated how the impeachment fight has followed Trump even as he meets with world leaders in London on issues ranging from defense spending to ISIS. Trump focused Tuesday on a controversial move by Schiff in September, where he read out a hyperbolic account of Trump’s controversial July 25 phone call with Ukrainian President Volodymyr Zelensky. “I have a favor I want from you,” Schiff said in a hearing while appearing to read from a piece of paper. “And I’m going to say this only seven times, so you better listen good. I want you to make up dirt on my political opponent, understand? Lots of it, on this and on that.” Schiff later chalked up his fictional summary of the phone call to a joke as he came under fire from conservatives for making up quotes.

“My summary of the president’s call was meant to be at least, part, in parody,” Schiff said. “The fact that that’s not clear is a separate problem in and of itself. Of course, the president never said, ‘If you don’t understand me I’m going to say it seven more times.’ My point is, that’s the message that the Ukraine president was receiving in not so many words.” Trump has repeatedly criticized Schiff for the move. “This guy is sick,” he said on Tuesday. “If he didn’t do that in the halls of Congress, he’d be thrown in jail.”

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“..a $435 million defamation suit ..” Wonder what CNN’s defense will be.

Nunes Sues CNN Over ‘Demonstrably False’ Ukraine Report (York)

Rep. Devin Nunes, the ranking Republican on the House Intelligence Committee, has filed a $435 million defamation suit against CNN over a story that alleged Nunes met with a fired Ukrainian prosecutor in an effort to dig up dirt on Democratic presidential candidate Joe Biden. The story — “Giuliani associate willing to tell Congress Nunes met with ex-Ukrainian official to get dirt on Biden” — was published Nov. 22. It was based on the words of Joseph Bondy, the attorney for Ukrainian-born Lev Parnas, who worked closely with Trump lawyer Rudy Giuliani in pursuing allegations of Ukrainian efforts to influence the 2016 presidential election as well as allegations of corruption in Ukraine involving Biden’s son Hunter. Parnas is currently under indictment on campaign finance charges.

CNN reported that Bondy said Parnas was “willing to tell Congress” that in December 2018, Nunes traveled to Vienna to meet with Viktor Shokin, the top Ukrainian prosecutor who was famously fired in 2016 under pressure from the United States, represented by Biden, who said Shokin did not do enough to prosecute corruption in Ukraine. CNN cited congressional travel records showing Nunes and a few aides traveled to Europe between Nov. 30 and Dec. 3, 2018. Quoting Bondy, the CNN report said, “Mr. Parnas learned from former Ukrainian Prosecutor General Victor Shokin that Nunes had met with Shokin in Vienna last December.” Shortly after the report was published, Nunes said it was “demonstrably false” but declined to elaborate. In the lawsuit, Nunes has provided the details.

Nunes did travel between Nov. 30 and Dec. 3. The lawsuit says that on those dates, Nunes was in Libya and Malta. Nunes traveled to Libya to “discuss security issues with General Khalifa Haftar,” the suit says. In Malta, Nunes “met with U.S. and Maltese officials, including Prime Minister Joseph Muscat, and participated in a repatriation ceremony for the remains of an American World War II soldier missing in action,” according to the suit. The lawsuit provides photos of Nunes with Haftar, with Muscat, and at the repatriation ceremony. “[Nunes] was not in Vienna in December 2018,” the suit says. “Further, he has never met Shokin; never spoken to Shokin; and never communicated with Shokin.”

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Chris Farrell is a former counterintelligence case officer.

“The alternative to a purely domestic intelligence operation targeting a major political party’s candidate for the presidency (and later, president) was to manufacture a foreign counterintelligence (FCI) “threat” that could then be “imported” back into the United States.”

Durham Needs to Bring Indictments (Farrell)

The seditious coup plotters working against Trump knew the legal prohibitions on what they planned to do. How to target Trump & Co. in a “legal” manner? Was it possible, or more importantly, desirable, to have a legal finding from Attorney General Loretta Lynch justifying their plan to frame-up Trump & Co.? That would authorize their operation — but would Lynch support it? Could Lynch be counted on? Did they want a piece of paper like that floating around Washington D.C.? No, there had to be a better way to pull off the coup. The alternative to a purely domestic intelligence operation targeting a major political party’s candidate for the presidency (and later, president) was to manufacture a foreign counterintelligence (FCI) “threat” that could then be “imported” back into the United States.

Plausible deniability, the Holy Grail of covert activities, was in reach for the plotters if they could develop an FCI operation outside the continental United States (OCONUS) involving FBI confidential human sources (Halper, Mifsud, others?) that would act as “lures” (intelligence jargon associated with double agent operations) to ensnare Trump associates. We have evidence of these machinations from December 2015 when FBI lawyer Lisa Page texts to her boyfriend, the now infamous FBI Special Agent Peter Strzok, “You get all our oconus lures approved? ;).” To inoculate themselves from further charges of misconduct and criminality, the FBI’s mutually agreed upon lie is that their investigation of Trump/Russia began on July 31, 2016 with the improbable name “Crossfire Hurricane.”

That coincides nicely with their manufactured FCI “event,” allowing the full-bore sabotage of all things and persons “Trump.” The coup plotters used a July 2016 event at the University of Cambridge as the opportunity for Carter Page to meet and develop a friendship with Stefan Halper. This is roughly the same time period that Australian diplomat Alexander Downer reported the supposedly drunken ramblings of George Papadopoulos concerning the Russians having Hillary’s emails to the FBI. Papadopoulos had already serendipitously met the mysterious Joseph Mifsud in Rome during the second week of March 2016. Learning that Papadopoulos would be joining the Trump campaign, Mifsud let Papadopoulos know that he had many important connections with Russian government officials.

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Why did the FBO fire Strzok? And how does that make Lisa Page’s claims look?

Trump Says Barr Was Misquoted Regarding Horowitz (SAC)

A recent report by the New York Times said former FBI lawyer Kevin Clinesmith altered documents associated with the FISA application on Carter Page. The paper described Clinesmith as a low-level lawyer with the bureau and suggested that Horowitz won’t be hard the bureau’s handling of the case. The description of Clinesmith as a low-level lawyer is also in dispute, as Clinesmith was part of former Special Counsel Robert Muller’s investigation into Trump and he was an attorney with the FBI’s National Security and Cyber Law Branch. He also worked under FBI General Counsel James Baker, who left the FBI and is now under investigation for leaking national security related information. Clinesmith, who sent numerous anti-Trump texts, also worked for Deputy General Counsel Trisha Anderson.

On Sunday, former FBI Lawyer Lisa Page, whose name became national after reports revealed she was having an affair with FBI Special Agent Peter Strzok, spoke to the Daily Beast after years of silence. She said she had to speak out because Trump made her a target of his Tweets and speeches. The FBI fired Strzok last year and Page has since left the bureau. Strzok and Page sent thousands of text messages to one another during their affair. Many of the text messages discovered by Horowitz and Congress were vehemently anti-Trump. The discovery of the texts led to their removal from Mueller’s investigation.

Here’s some texts: “[Trump’s] not ever going to become president, right? Right?!” Page texted Strzok in August 2016, during the investigation into the campaign. “No. No he won’t. We’ll stop it,” Strzok responded. In another text message sent in August by Strzok to Page, he “I want to believe the path you threw out in Andy’s [McCabe’s] office—that there’s no way he gets elected—but I’m afraid we can’t take the risk. It’s like an insurance policy in the unlikely event you die before you’re 40.” Page only told Molly Jong-Fast, also anti-Trump and a columnist from the Daily Beast, that people misunderstood their text messages but she never clarified what she and Strzok actually meant.

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“NATO is a Cold War relic that accounts for three-quarters of military spending and weapons dealing around the globe.”

Frank Zappa: “Politics is the entertainment division of the military-industrial complex”

Trump Was Right Before He Was Wrong: NATO Should Be Obsolete (CD)

The three smartest words that Donald Trump uttered during his presidential campaign are “NATO is obsolete.” His adversary, Hillary Clinton, retorted that NATO was “the strongest military alliance in the history of the world.” Now that Trump has been in power, the White House parrots the same worn line that NATO is “the most successful Alliance in history, guaranteeing the security, prosperity, and freedom of its members.” But Trump was right the first time around: Rather than being a strong alliance with a clear purpose, this 70-year-old organization that is meeting in London on December 4 is a stale military holdover from the Cold War days that should have gracefully retired many years ago.

[..] While claiming to “preserve peace,” NATO has a history of bombing civilians and committing war crimes. In 1999, NATO engaged in military operations without UN approval in Yugoslavia. Its illegal airstrikes during the Kosovo War left hundreds of civilians dead. And far from the “North Atlantic,” NATO joined the United States in invading Afghanistan in 2001, where it is still bogged down two decades later. In 2011, NATO forces illegally invaded Libya, creating a failed state that caused masses of people to flee. Rather than take responsibility for these refugees, NATO countries have turned back desperate migrants on the Mediterranean Sea, letting thousands die.

[..] In an age where people around the world want to avoid war and to focus instead on the climate chaos that threatens future life on earth, NATO is an anachronism. It now accounts for about three-quarters of military spending and weapons dealing around the globe. Instead of preventing war, it promotes militarism, exacerbates global tensions and makes war more likely. This Cold War relic shouldn’t be reconfigured to maintain U.S. domination in Europe, or to mobilize against Russia or China, or to launch new wars in space. It should not be expanded, but disbanded. Seventy years of militarism is more than enough.

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Her people are polling like crazy, and they don’t like what they see so far.

Hillary Clinton Still Refuses To Rule Out Running For President (PJW)

Hillary Clinton is still refusing to rule out running for president despite already missing the filing deadline for the New Hampshire primary. During an appearance on Britain’s Graham Norton Show, Clinton was again asked about her presidential aspirations. Clinton was quizzed as to why she included a story about a U.S. women’s soccer star who retired on the tagline “forget me.” Hillary said the intention of the words were to “make way for new people” and “get off the stage.” However, when asked by Norton, “Are you saying ‘Forget me’ now?” – Hillary responded, “Not yet.” She then said she was aware of the presidential rumor mill and had been “deluged” with questions about running again.


“Right now, I’m not, at all, uh, you know, planning that, I’d have to make up my mind really quickly,” she said, “because it’s moving very fast.” Back in October, long time Clinton advisor Dick Morris insisted that Hillary will become the Democratic nominee because she believes “she was put on Earth to be President.” “Make no mistake. She wants it,” said Morris. “She’s planning on it. She’ll do everything she can to achieve it.” Earlier that month, Clinton teased another presidential run, despite having already failed twice, telling PBS Newshour, “Obviously I can beat him again.” She also fanned the flames of speculation when she tweeted at Trump, “Don’t tempt me.”

Read more …

“..the Chinese government has been stepping in and pulling all kinds of levers, with huge sums involved, to bail out the airlines and assorted investors, moral hazard be damned.”

China Steps In As Conglomerate Unravels (WS)

HNA Group, the highly-leverage Chinese conglomerate with an opaque ownership structure that had gone on an immense debt-fueled global acquisition binge, including in the US, and owned about 18 airlines in China and Hong Kong, has been unraveling ever since Bank of American pulled the ripcord in mid-2017. But to prevent this unraveling from becoming too messy and to prevent the airlines from collapsing on top of the markets they serve, and to prevent investors and lenders from getting whacked by massive and well-deserved losses – well-deserved because they had been backing a nutty global acquisition binge – the Chinese government has been stepping in and pulling all kinds of levers, with huge sums involved, to bail out the airlines and assorted investors, moral hazard be damned.

The latest is HNA-controlled Hong Kong Airlines, the city’s third largest airline. The bailout is unfolding right now, amid uncertainties if it will actually unfold, and how much of the bailout money HNA Holdings, the parent company of multiple to-be-bailed-out airlines, will even channel to Hong Kong Airlines. The debt-fueled binge by HNA Group bagged 30 acquisitions in the two-year span between mid-2015 and May 2017, including large real estate deals, such as the $2.2 billion trophy office tower in Manhattan, a 25% stake in Hilton Hotels, a deviously obtained 9.9% stake in Deutsche Bank, the $6 billion acquisition of Ingram Micro in California, and forays into global aircraft leasing and global airport services. In addition, HNA Group owned outright or controlled 18 airlines mostly in China and Hong Kong before it all began to unravel.

Financial pressures began in 2017. In 2018, as the company began to run out of money, it started dumping some of its acquisitions to raise cash, including big batches of its stake in Deutsche Bank, office properties in Manhattan and in London, but that wasn’t enough. It’s never enough once a conglomerate starts unraveling because there is too much debt. Rather than allowing this monster to collapse and then sort through the debris, the Chinese government has stepped with series of bailout via its state-owned banking system, and has been restructuring the debts, and has been transferring ownership of bailed-out airlines to participating local governments, including Urumqi Air, Capital Airlines, and Guangxi Beibu Gulf Airlines.

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Zero emission oil companies. Reminds me of that trick where the lady is sawed in half.

According to EIA, so far in 2019:
– About 94% of the energy used in the transportation sector was petroleum (including natural gas)
– About 0.094% was electricity (despite the sharp increase in sales of #ElectricVehicles)

Investors Urge Big Oil To Follow ‘Poster Child’ Repsol’s Climate Pledge (R.)

Investors cheered Spanish group Repsol’s pledge to slash net carbon emissions to zero by mid-century, saying they hope it will pile pressure on rival oil and gas companies to follow suit in the fight against climate change. The world’s top oil and gas companies are under heavy pressure, not only from environmental groups but also from institutional investors, to fall in line with targets set in the 2015 Paris climate agreement to limit global warming. Repsol on Monday became the first leading energy firm to commit to a net-zero emission target, outdoing Royal Dutch Shell that had set out an ambition to halve emissions by 2050.

“It is clear that this is a very significant commitment from Repsol that raises the bar across the oil and gas sector,” said Adam Matthews, Director for Ethics and Engagement at the Church of England Pensions Board, who co-led discussion between a major group of investors with Shell on a climate resolution last year. Several companies set short-term targets to reduce emissions by limiting gas leaks and burning of excess gas, but none have set out long-term reduction targets before Repsol. “We have been pressing fossil fuel companies to commit to align with a net zero emissions pathway by 2050 for some time. It is good to see Repsol showing this leadership, including clear milestones along the way,” said Natasha Landell-Mills, head of stewardship, Sarasin & Partners. “In the end, shareholders need to know their companies are looking forward, not back, when it comes to the energy transition.”

[..] Repsol’s targets encompass 95% of all its emissions, including from fuels sold to clients. It also wrote down 4.8 billion euros ($5.3 billion) in the value of its oil and gas assets to reflect its lower oil and gas price outlook. Net-zero targets are generally expected to be achieved by offsetting emissions through investments in carbon storage technology or in natural sinks such as forests. Companies are also increasing production of natural gas, the least polluting fossil fuel, as well as renewable power such as solar and wind, whose consumption is expected to jump in coming decades as demand for electricity grows.

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So we could and would keep killing everything in the oceans if not for the climate? I don’t like the reasoning nor the priorities. We should stop the killing for the oceans’ sake, not our own narrow ones. We should learn to like beauty.

Tackling Degraded Oceans Could Mitigate Climate Crisis (G.)

Halting overfishing and the plastic pollution of the oceans could help tackle the climate emergency by improving the degraded state of the world’s biggest carbon sink, a report has found. The oceans absorb both the excess heat generated by our greenhouse gas emissions, and absorb carbon dioxide itself, helping to reduce the impacts of climate chaos. But we are rapidly reaching the limits of the oceans’ absorptive capacity as our pillage of marine life is disrupting vital ecosystems and the natural carbon cycle. Creating ocean sanctuaries and forging a new treaty to protect the oceans, with a target of safeguarding at least 30% of the oceans by 2030, could restore many areas to health and combat global heating, according to the report entitled Hot Water: the climate crisis and the urgent need for ocean protection, published by Greenpeace International on Wednesday.

Phytoplankton such as algae, for instance, transform dissolved carbon dioxide into organic carbon, which then forms part of the food chain. Gradually some of this sinks to the sea bottom where it is buried in sediment. Without the biological carbon pump that this entails concentrations of carbon in the atmosphere today would be about 50% higher, according to estimates cited in the report. Krill – a species of small fish – also form a vital part of the carbon cycle in the seas as they move through levels of the ocean, and play a big role in the diet of larger species. But krill populations have been in long-term decline since the 1970s due to pollution, overfishing and climate change.

Marine life at the other end of the scale also plays an important role. Large baleen whales are estimated to store 910m tonnes less carbon than they did before commercial whaling began, Greenpeace noted, while working to rebuild key whale populations would remove 160,000 tonnes of carbon every year. “The ocean’s biology is one of our best allies in the fight against climate change,” said Louisa Casson, oceans campaigner at Greenpeace UK. “But over-exploitation and our addiction to fossil fuels have pushed our ocean to the brink of collapse. Ocean protection is climate action – if we can save our ocean, it can save us.”

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Dec 032019
 
 December 3, 2019  Posted by at 9:51 am Finance Tagged with: , , , , , , , , , , ,  11 Responses »


Arthur Rothstein Texas Panhandle Dust Bowl Mar 1936

 

There Is No More Accurate Way To Describe All That Than As A Coup (Kunstler)
Republicans Issue 123-Page Defense Of Trump (G.)
Barr Disputes Major Horowitz Finding Based On Durham, CIA Evidence (ZH)
Leaked NHS Papers ‘Put Online By Posters Using Russian Methods’ (G.)
As Trump Heads To London For NATO Summit, Warnings On British Election (R.)
Japan Preparing $120-$230 Billion Stimulus Package As Recession Risks Grow (R.)
Third Bond Default By Chinese Electronics Firm Within A Month (SCMP)
Virginia Giuffre In Plea To Public Over Prince Andrew Scandal (G.)
EU Leaders To Push For Climate Neutrality By 2050 (R.)
Small American Farmers Are Nearing Extinction (Time)
At Least 135,000 Children In Britain Will Be Homeless At Christmas (G.)

 

 

The discussions are about to heat up, with different sides drawing entirely different conclusions from the same “facts”. It’ll be a spectacle.

Jim Kunstler is not about to let up.

There Is No More Accurate Way To Describe All That Than As A Coup (Kunstler)

Then there is the “Whistleblower,” this would-be pimpernel of perfidy hiding behind Adam Schiff’s apron under the false assertion that he is entitled to everlasting anonymity. What an idea under our system of jurisprudence! In fact, contrary to Mr. Schiff’s public pronouncements, there is no law that states what he claims — one of several things Mr. Schiff can be called to account for. And that is even if you accept the dishonest proposition that the fugitive who started this fiasco even was a whistleblower, rather than a rogue CIA officer acting on explicitly illegal political motives to interfere in the 2020 election. The CIA, you must know, is forbidden by charter and statute from operating against American citizens in-country, including the president of the United States. Under the circumstances, the so-called “Whistleblower” might fairly be accused of treason.


Has anyone failed to notice that one of the “Whistleblower’s” attorneys, Mark Zaid, tweeted notoriously on January 30, 2017 that “Coup has started. First of many steps. #rebellion. #impeachment will follow ultimately. #lawyers.” Mr. Zaid later explained, “I was referring to a completely lawful process.” Yeah, sure. I think he meant a completely Lawfare process. Of course, the engineered “Whistleblower” escapade was only the latest (perhaps the last) chapter in the annals of nefarious events and actions carried out far-and-wide by several government agencies for three years, and by many officials working within them, and not a few freelance rogues in their service. There is no more accurate way to describe all that except as a coup. The authorities looking into all that have not been heard from yet. The portentous silence is making a lot of people in Washington edgy.

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View from the anti-Trump camp.

Republicans Issue 123-Page Defense Of Trump (G.)

Donald Trump’s actions towards Ukraine were “entirely prudent” and involved “no quid pro quo, bribery, extortion, or abuse of power”, according to a draft Republican report on last month’s impeachment inquiry hearings. Designed as a pre-emptive strike on an imminent report from the Democratic majority, the GOP document underlines how evidence presented at the hearings failed to shatter Republicans’ united front. It also provides a blueprint for House Republicans to defend the US president at Wednesday’s judiciary committee hearing and for their Senate counterparts to acquit him in a trial.

Democrats accuse Trump of attempting to bribe the Ukrainian president, Volodymyr Zelenskiy, by making a White House meeting and nearly $400m in military aid conditional on Ukraine announcing two investigations that would boost Trump politically. The 123-page Republican report was prepared for Devin Nunes, Jim Jordan and Michael McCaul, the ranking members on the House intelligence, oversight and foreign affairs committees, respectively. It directly contradicts the testimony of career diplomats and makes little attempt to get to grips with the devastating evidence of Gordon Sondland, the US ambassador to the European Union, who spoke about the existence of a quid pro quo, or Fiona Hill, former top Russia expert at the White House, who warned against falling for Moscow’s propaganda about Ukraine’s role in the 2016 election.

Instead it spins the affair as a Democratic plot. Its executive summary begins with the premise that nearly 63 million Americans from around the country elected Trump in 2016 but now 231 House Democrats in Washington are “trying to undo the will of the American people”. It accuses the party of seeking to impeach the president from day one. “They are trying to impeach President Trump because some unelected bureaucrats chafed at an elected President’s ‘outside the beltway’ approach to diplomacy,” it says.

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Durham knows things that Horowitz doesn’t. Expect an anti-Barr campaign.

Barr Disputes Major Horowitz Finding Based On Durham, CIA Evidence (ZH)

Attorney General William Barr will dispute a fundamental finding in the upcoming Inspector General report – namely that the FBI was justified in launching an operation Crossfire Hurricane, the agency’s official covert counterintelligence investigation into links between the Trump campaign and Russian officials, according to the Washington Post. While IG Michael Horowitz is said to have concluded that the agency had enough information to launch the probe on July 31, 2016 after Trump campaign aide George Papadopoulos repeated a rumor that Russia had dirt on Hillary Clinton, Barr has reportedly told associates that Horowitz does not know about – or did not include – potentially exculpatory evidence held by other US agencies such as the CIA, which could alter his report’s conclusion.

In July, Fox News reported that exculpatory evidence existed which the FBI failed to include in surveillance warrant applications in which Papadopoulos denies having any contact with the Russians, when he was in fact told about the ‘Clinton dirt’ byJoseph Mifsud, a mysterious Maltese professor (and self-professed member of the Clinton foundation) who has ties to George Soros’ Open Society Foundation. Many believe Papadopoulos was the victim of an entrapment scheme, by which Mifsud would seed him with information that Australian diplomat would later extract from him in a London bar, which made its way to the FBI – officially leading to the launch of Operation Crossfire Hurricane. And the exculpatory evidence? Downer – a Clinton ally – likely recorded Papadopoulos saying he had no Russian contacts.

Barr’s information also comes from a concurrent, ongoing investigation into the Obama DOJ conducted by Connecticut US Attorney John Durham. Part of Barr’s reluctance to accept that finding is related to another investigation, one being conducted by Connecticut U.S. Attorney John Durham, into how intelligence agencies pursued allegations of Russian election tampering in 2016. Barr has traveled abroad to personally ask foreign officials to assist Durham in that work. Even as the inspector general’s review is ending, Durham’s investigation continues. -Washington Post

Barr, through Durham, has been investigating Mifsud – who told Italian media “I never got any money from the Russians: my conscience is clear,” adding “I am not a secret agent.” The Maltese professor is currently MIA. As the Post’s Devlin Barrett (who spoke with former FBI lawyer Lisa Page) notes, Barr’s disagreement with Horowitz not only sets the stage for a showdown within the DOJ, it will spark partisan outrage among Democrats who have already accused the AG of being Trump’s personal lawyer.

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The anti-Trump camp, are we surprised?, is also the anti-Corbyn camp. But this is quite the stretch. Putting Russia in the headline of an article that says there is no proof that Russia is involved.

Leaked NHS Papers ‘Put Online By Posters Using Russian Methods’ (G.)

Leaked documents said by Labour to prove that the NHS was “on the table” in trade talks with the US were initially disseminated online by anonymous posters operating in a way similar to a Russian information operation known as Secondary Infektion, according to a social media research firm. A 19-page report published on Monday by the consultancy Graphika said that while it could not conclusively prove a Russian origin to the leak, the early distribution of the cache of files via Reddit, three German-language websites and an anonymous Twitter account reflected a method of operation seen repeatedly over recent years.


There is no suggestion either that the NHS documents, produced by Jeremy Corbyn at a dramatic press conference last week, were fake, but the Graphika investigation highlights an intriguing series of efforts to get the leak picked up more widely at the end of October and beginning of November. Ben Nimmo, the head of investigations at Graphika, said: “What we are saying is that the initial efforts to amplify the NHS leak closely resembles techniques used by Secondary Infektion in the past, a known Russian operation. But we do not have all the data that allows us to make a final determination in this case.”

Read more …

Can Trump damage Boris?

As Trump Heads To London For NATO Summit, Warnings On British Election (R.)

U.S. President Donald Trump leaves on Monday for a NATO summit in London, where he is under pressure from British Prime Minister Boris Johnson to resist the temptation to wade into the looming British election. As a presidential candidate in 2016 and then as president since early 2017, Trump has shown no restraint in pushing for Britain’s exit from the European Union and critiquing the politicians involved in the country’s long-running Brexit debate. But with Johnson leading polls as he faces Dec. 12 elections, the prime minister who is hosting the London NATO summit wants Trump to mind the guard-rails, putting Trump in the unusual position of being asked to avoid his normal impulse to comment on whatever he wishes.


Trump waded into the election in October by saying opposition Labour Party leader Jeremy Corbyn would be “so bad” for Britain and that Johnson should agree on a pact with Brexit Party leader Nigel Farage. Johnson’s pressure prompted the White House to stress, as a senior administration official said, that Trump “is absolutely cognizant of not, again, wading into other country’s elections.” That strategy could be put to the test as Trump faces reporters a number of times on the trip, including at a news conference on Wednesday.

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Abenomics continues unabated.

Japan Preparing $120-$230 Billion Stimulus Package As Recession Risks Grow (R.)

Japan is preparing an economic stimulus package worth $120 billion to support fragile economic growth, two government officials with direct knowledge of the matter said on Tuesday, complicating government efforts to fix public finances. The spending would be earmarked in a supplementary budget for this fiscal year to next March and an annual budget for the coming fiscal year from April. Both budgets will be compiled later this month, the sources told Reuters, declining to be identified because the package has not been finalised. While the package would come to around 13 trillion yen ($120 billion), that would rise to 25 trillion yen ($230 billion) when private-sector and other spending are included.


However, the spending could strain the industrial world’s heaviest public debt burden, which tops more than twice the size of Japan’s $5 trillion economy. And despite the headline size of the stimulus, actual spending would be smaller in the current fiscal year, and economists are not expecting much of a boost. “We expect this fiscal year’s extra budget to total around 3-4 trillion yen. We should not expect it to substantially push up the GDP growth rate,” said Takuya Hoshino, senior economist at Dai-ichi Life Research Institute. The 13 trillion yen includes more than 3 trillion yen from fiscal investment and loan programmes, as the heavily indebted government seeks to take advantage of low borrowing costs under the Bank of Japan’s negative interest rate policy.

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Just 2 weeks ago they announced a plan to sell a majority stake to the local government. How did that work out?

Third Bond Default By Chinese Electronics Firm Within A Month (SCMP)

Tunghsu Optoelectronic Technology has failed to make good on a bond – its third in less than a month – as the struggles point to poor corporate governance among Chinese companies. The maker of electronic display panels, which reported ample cash holdings of more than 18 billion yuan as of September, missed an interest payment on its 1.7 billion yuan (US$241 million) onshore bond due on Monday, according to an exchange filing. The latest default has cast doubt on whether Tunghsu could meet its obligations on a US$44 million bond maturing in June 2020, after it defaulted two notes totalling 3 billion yuan on November 18.


Tunghsu is the latest in a growing list of Chinese defaulters this year, as banks have tightened their funding to private companies amid China’s slowest economic growth rate in nearly three decades. As of November 12, 45 Chinese corporate issuers had defaulted on interest or principal payments on bonds totalling 85.16 billion yuan, compared with 39 defaults on bonds worth 102.48 billion yuan for all of 2018, according to Reuters. Falling export orders as a result of the US-China trade war has strained the cash flow of manufacturers, while Beijing’s crackdown on shadow banking has also cut off alternative sources of capital for many small companies.

Read more …

Charles to the rescue?

Virginia Giuffre In Plea To Public Over Prince Andrew Scandal (G.)

A beleaguered Prince Andrew faced fresh embarrassment after his accuser Virginia Giuffre, who claims she was trafficked as a teenager to have sex with him, appeared on television to implore the British public to “not accept this as being OK”. In her first UK broadcast interview, Giuffre repeated allegations she had sex with the prince when she was aged 17 on the instructions of Ghislaine Maxwell, a socialite and close friend of the US financier and sex offender, Jeffrey Epstein, who killed himself in August. The prince, 59, whose relationship with Epstein has led to him standing down from public duties, has consistently and categorically denied the allegations, which Buckingham Palace said were “false and without foundation”.


BBC Panorama said it had uncovered a 2015 email from Andrew to Maxwell asking for help dealing with the allegations by Giuffre, previously Virginia Roberts. He wrote: “Let me know when we can talk. Got some specific questions to ask you about Virginia Roberts,” to which Maxwell replied: “Have some info. Call me when you have a moment.” In the interview that was broadcast on Monday, Giuffre said: “I implore the people in the UK to stand up beside me, to help me fight this fight, to not accept this as being OK. “This is not some sordid sex story. This is a story of being trafficked. This is a story of abuse and this is a story of your guy’s royalty.”

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When someone says 2050, ignore them.

EU Leaders To Push For Climate Neutrality By 2050 (R.)

European Union leaders meeting in Brussels next week will push to agree to put the bloc on net-zero greenhouse gas emissions by 2050, their draft joint statement showed on Monday, heralding a bitter fight looming at their gathering. The Dec. 12-13 summit of the bloc’s national leaders will aim to endorse “the objective of achieving a climate-neutral EU by 2050”, according to the document seen by Reuters. Previous attempts, however, were blocked by Poland, Hungary and the Czech Republic, who rely on highly polluting coal. They have previously said they oppose climate neutrality by 2050 for fear cutting greenhouse emissions will stifle their economies.


To convince the reluctant camp, the draft summit conclusions refer to “just and socially balanced transition”, the European Investment Bank’s announcement to unlock 1 trillion euros worth of green investment until 2030, the need to ensure energy security and competitiveness vis-à-vis foreign powers not pursuing such climate goals. The draft, prepared in advance of the leaders’ discussions, may still change. But it will eventually need unanimous backing of all EU national leaders for there to be agreement at the summit. The bloc’s new executive European Commission also aims to push for climate neutrality by mid-century and wants to make the EU’s 2030 climate targets more ambitious.

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You want your food good or cheap?

Small American Farmers Are Nearing Extinction (Time)

In the American imagination, at least, the family farm still exists as it does on holiday greeting cards: as a picturesque, modestly prosperous expanse that wholesomely fills the space between the urban centers where most of us live. But it has been declining for generations, and the closing days of 2019 find small farms pummeled from every side: a trade war, severe weather associated with climate change, tanking commodity prices related to globalization, political polarization, and corporate farming defined not by a silo and a red barn but technology and the efficiencies of scale. It is the worst crisis in decades. Chapter 12 farm bankruptcies were up 12 percent in the Midwest from July of 2018 to June of 2019; they’re up 50 percent in the Northwest. Tens of thousands have simply stopped farming, knowing that reorganization through bankruptcy won’t save them. The nation lost more than 100,000 farms between 2011 and 2018; 12,000 of those between 2017 and 2018 alone.


Farm debt, at $416 billion, is at an all-time high. More than half of all farmers have lost money every year since since 2013, and lost more than $1,644 this year. Farm loan delinquencies are rising. Suicides in farm communities are happening with alarming frequency. Farmers aren’t the only workers in the American economy being displaced by technology, but when they lose their jobs, they also ejected from their homes and the land that’s been in their family for generations. “It hits you so hard when you feel like you’re the one who is losing the legacy that your great-grandparents started,” said Randy Roecker, a Wisconsin dairy farmer who has struggled with depression and whose neighbor Leon Statz committed suicide last year after financial struggles forced him to sell his 50 dairy cows. Roecker estimates he’s losing $30,000 a month.

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Third world. Rich ruling class, and then the rest.

At Least 135,000 Children In Britain Will Be Homeless At Christmas (G.)

At least 135,000 children will be homeless and living in temporary accommodation across Britain on Christmas day – the highest number for 12 years – according to the housing charity Shelter. It estimates that a child loses their home every eight minutes – 183 children per day. At this rate, 1,647 children will become homeless between now and the general election on 12 December, and more than 4,000 by 25 December. London has the highest concentration of homeless youngsters, up 33% since 2014. About 88,000 children were homeless and in temporary accommodation in the capital at the beginning of 2019 – equivalent to one in every 24 children.


The capital has 26 of the 30 British local authorities with the highest rates of homeless children. Four councils – Haringey, Newham, Westminster and Kensington & Chelsea – had homeless rates of one in every 12 children. Outside London, the places worst affected were: Luton (one in 22 children); Brighton & Hove (one in 30); Manchester (one in 47); and Slough (one in 53). In Wales, one in 412 children are homeless, up 28% since 2015, while in Scotland one in 160 children were homeless, up 64% since 2014.

Read more …

 

 

 

 

 

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Nov 222019
 
 November 22, 2019  Posted by at 2:24 pm Finance Tagged with: , , , , , , , , , , , , ,  20 Responses »


Claude Monet O Rio 1881

 

Jeremy Corbyn’s Labour party presented a big plan yesterday which, as the Guardian ever so subtly put it, “would mean the UK having a bigger state than Germany”. My first reaction to it is that this is inevitable. My second reaction is that it is also too early.

After decades of being squeezed by both the Tories and Tony Blair’s “New” Labour, both the British themselves, and their economy, are so parched that they will vote for something like Corbyn’s plan at some point. Unavoidable. The same on all counts I think is true for Bernie Sanders’ plans.

The wealthier classes don’t appear to be smart enough to understand that they can’t take it all, that they have to leave something for everybody else. But there’s no brake on such currents, they all get carried away, it happens all the time. One side takes too much, and the other side fights back.

Still, while what leads to Corbyn and Sanders rising may be the same, the reasons they fail to attract enough votes is different. In the US, people start shouting: socialism, communism, or maoism, leninism, stalinism, and that will do. These words are fully interchangeable for 99.9% of Americans. If there are 3 of them left that know the difference, you’re lucky.

The reason Sanders is popular is to a large extent that his Democrat competitors are so godawful. For Corbyn, there are other factors in play. But first, a bit about that plan:

Jeremy Corbyn Urges Public To Vote For ‘Manifesto Of Hope’

Jeremy Corbyn has urged the public to vote for his “manifesto of hope” as he unveiled plans for the most dramatic increase in tax and spending in more than half a century if Labour wins power next month’s general election. In an upbeat launch event at Birmingham City University, the Labour leader said he welcomed the hostility of the billionaires, bad bosses and dodgy landlords who would lose out from his policies. Experts were taken aback by the scale of Labour’s spending plans, which dwarfed the substantial increase in the size of the state envisaged in the party’s 2017 manifesto.

“See this [2019] manifesto and vote for the person who’s struggling who you don’t even know,” Corbyn urged the public, adding: “How can any government claim it cares about our country when it cares so little about the people who live here?” With Labour still trailing significantly behind the Conservatives in the polls, party strategists hope the manifesto will help to tempt wavering voters. Corbyn said it was “full of popular policies that the political establishment has blocked for a generation”. The slim red volume, titled It’s Time for Real Change, included a number of fresh announcements, in addition to the policies announced earlier in the campaign. Key plans include:

• Universal free broadband, delivered by part-nationalising BT and paid for with a tax on tech companies.
• An immediate 5% pay rise for public sector workers, plus above-inflation increases for future years.
• 100,000 new council houses a year by the end of the parliament.
• 1 million new jobs as part of a “green industrial revolution”.
• Nationalisation of rail, water and mail, and new powers to allow councils to take control of bus services.

Corbyn promised an “investment blitz”, which he said would leave no part of the country untouched, and suggested the deindustrialisation that begun in the 1980s would be reversed. “Margaret Thatcher’s government wiped out huge swathes of Britain’s industry. We will rebuild it, as green industry,” he said. Torsten Bell, the director of the Resolution Foundation thinktank, said: “This spending increase would be comparable to the first Wilson government and would mean the UK having a bigger state than Germany.”

As the graph shows, the “giant state” idea is not what it’s made out to be, compared to many countries. So on the face of it, what’s not to like for the impoverished millions in Britain? The answer is easy: there has been a large campaign of people perpetuating whole-cloth out of thin air accusations about Corbyn being an anti-semite, including from his own party (Tony Blair and his ilk).

Sure enough, the Brexit campaigners have gone through an entire litany of outrageous claims and promises, but it’s the anti-semite smear that looks likely to decide not only the December 12 elections, but also the Brexit matter. Yeah, that is deplorable. But it’s the time we live in. Some memes are funny, others are seriously misleading, and many strongly influence people’s way of thinking.

In the US, it’s enough to say that Bernie is a socialist or a leninist, in Britain you need a somewhat stronger and bigger cannon. Anti-semitism in just the thing. What makes these smears and/or memes so effective is repetition. At some point people think: I’ve seen this from ten different sources now, that means it must be true. And social media are all about endless repetition, which makes them perfect for the job.

 

That is of course also how they got to Julian Assange. A rape allegation was all it took. And then they waited 9 years to declare it false, by which point he had been silenced, drawn and quartered. Same mechanism. Jeremy Corbyn is no anti-semite, anymore than Julian Assange is a rapist, but that makes no difference whatsoever.

If you manage to plant the seed of an idea, no matter how ridiculous, in enough people’s heads, and then you make sure it’s repeated every day, you can today make anyone believe anything. Perhaps it’s time to re-label “social” media. Really, social? But the term “mass media” has already been taken.

 

And though many people will not be ready to acknowledge it, what goes for Corbyn and Assange also goes for Donald Trump. Only in his case the old mass media have been much more massively involved, not just the new not-so-terribly social media. But that principle is identical: plant an idea in people’s heads and repeat it ad nauseam.

In Trump’s case, it’s been so successful that entire media organizations that were about to croak were revived by it, at least financially. At this point it’s probably good to illuminate the role intelligence agencies play in the entire meme/smear ‘politics’. They are all over it, they hardly even attempt to hide their roles.

In the cases of Assange and Corbyn, there have been no large-scale investigations. In Corbyn’s case, none at all, and in Assange’s case, probes hidden from view that would not stand any legal daylight, in Sweden, the UK and the US. These investigations always seem directed at ‘affirming the accusers’ case, not at finding if the accused are actually guilty of what they are charged with.

As for Trump, we have of course lived through years of Mueller’s probe, which ended in nothing, seamlessly transitioning into Ukrainegate, in which another stream of potential accusers saw the limelight to provide their particular version of what “hearsay” means in legalese.

I’ve remarked before that Adam Schiff’s little theater wouldn have been throw out of a court in one second flat, because there is no proof and hearsay is inadmissible. I also think Corbyn should have taken one of his many accusers to court, simply to have a judge or jury state publicly that he is not a -proven- anti-semite. Assange obviously was never allowed any such route.

And if you looked and listened closely at the Ukrainegate spectacle, it was clear that the Mueller disaster has not closed the RussiaRussia meme/smear. Russia wants to conquer Europe. The president wanting to direct his own foreign policy was anathema for the “regular channel” crowd. “We have this thing that works beautifully”. And it ain’t the Constitution.

 

What Trump has going for him is that IG Michael Horowitz and Special Counsel John Durham are set to release their respective reports on how Russiagate came about. It looks as if they will have to do without any info of Burisma or its links to the Bidens, because the “regular channel” has frustrated efforts into finding out their roles, but then that was never their probes’ concern.

We now have the first allegation against an FBI lawyer for tampering with FISA documents, through the unusual leakage stream of CNN, which happens to employ lots of ex-FBI people. There is no doubt that we’ll see a whole lot more where that came from. It’ll be an entertaining holiday season, because of course the FBI and CIA will want to (pre-emptively) strike back. And they’re all working at CNN et al.

Their problem is they’ve been working this for years now, and came up zilch. The other side is just getting started. Looks like there’ll be more fireworks than candlelight dinners going into 2020. But perhaps it would still be a good idea for Bill Barr to find himself a good meme or smear, just to be sure.

 

 

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Nov 222019
 
 November 22, 2019  Posted by at 9:17 am Finance Tagged with: , , , , , , , , , , ,  16 Responses »


Dorothea Lange We’ll be in California yet. We’re not going back to Arkansas 1938

 

Ex-FBI Lawyer Investigated For Altering FISA Documents in Russia Probe (CNN)
FBIs Vetting Of Informants Like Christopher Steele Slammed By IG (Solomon)
Ken Starr: We’re ‘Nowhere Close’ To Impeachable Offenses (Fox)
Giuliani: “Massive Pay-For-Play” Soros-Ukraine Scheme Facilitated By US (ZH)
Trump Welcomes Senate Impeachment Trial, Wants Bidens, Schiff To Testify (R.)
The Civilian Government Doesn’t Owe Deference to Military Officers (McMaken)
Democratic Establishment Reaches Boiling Point With Tulsi Gabbard (Pol.)
Corbyn Declares War On ‘Rich And Powerful’ With Radical Manifesto (Ind.)
Greek Coast Guard Says 400 Refugees, Migrants Rescued From Sea In Past Day (K.)
Economics For The Future – Beyond The Superorganism (Nate Hagens)

 

 

Horowitz and Durham stir.

Comment I picked up: “It’s important to note the media source aspect because normally this type of leak would go to the Washington Post or New York Times first; ergo, it likely stems as a personal leak to one of the former allied FBI officials now working for CNN.

FBI officials are now working for the media outlet, CNN, that is providing the leaks; ie. former FBI Deputy Director, Andrew McCabe; the spokesman for James Comey, Josh Campbell; a former FBI agent, Asha Rangappa; or the former FBI chief legal counsel, James Baker. All now work for CNN.”

Ex-FBI Lawyer Investigated For Altering FISA Documents in Russia Probe (CNN)

An FBI official is under criminal investigation after allegedly altering a document related to 2016 surveillance of a Trump campaign adviser, several people briefed on the matter told CNN. The possibility of a substantive change to an investigative document is likely to fuel accusations from President Donald Trump and his allies that the FBI committed wrongdoing in its investigation of connections between Russian election meddling and the Trump campaign. […] Horowitz turned over evidence on the allegedly altered document to John Durham.


[…] It’s unknown how significant a role the altered document played in the FBI’s investigation of Page and whether the FISA warrant would have been approved without the document. The alterations were significant enough to have shifted the document’s meaning and came up during a part of Horowitz’s FISA review where details were classified, according to the sources. […] The identity or rank of the FBI employee under investigation isn’t yet known, and it’s not clear whether the employee still works in the federal government. No charges that could reflect the situation have been filed publicly in court.

Read more …

And there’s more FBI…

Also John Solomon, on Twitter, about the Dems’ latest hero of the day: “Fiona Hill suggested my Ukraine stories were Russian propaganda. If she’s such an expert she would know my main character Yuriy Lutsenko was a political prisoner of the Russian backed Yanukovych regime and the US pleaded for his release and applauded his appointment as prosecutor”

FBIs Vetting Of Informants Like Christopher Steele Slammed By IG (Solomon)

The most troubling revelation in the report, however, may be that some of the FBI analysts used to vet informants complained they were “discouraged from documenting conclusions and recommendations” about an informant’s credibility or reliability. One analyst, for instance, reported being told not to document a request to polygraph a suspect informant. And multiple FBI officials admitted efforts to keep the validation reports of informants void of derogatory information because FBI “field office do not want negative information documented” that could aid defense lawyers or stop informants from becoming government witnesses at trial. Such behavior “may have increased the likelihood that red flags or anomalies were omitted” about long-term informants, the 63-page report warned. Such concerns were widely held.

For instance, one member of a joint Justice Department-FBI committee known as the HSRC that approved long-term informants’ service reported being “deeply concerned that the limited scope of the long-term validation review may potentially be omitting important information or critical red flags.” The report also included one very important piece on the FBI’s reliance on informants: it showed the bureau spends an average of about $42 million a year on them. This IG report did not mention Steele, arguably the FBI’s most famous informant of recent years. But Horowitz is expected to release a massive report next month on possible failures and abuses by the FBI in the Russia collusion investigation, including efforts to use Steele’s dossier to help secure a Foreign Intelligence Surveillance Act warrant to surveil a former Trump campaign adviser.

The FBI’s reliance on Steele has raised significant public concerns, including that he was being paid to do his work to find dirt on Trump by the opposition research firm for Hillary Clinton and the Democratic National Committee, had expressed a bias against Trump and had been leaking to the news media while working for the FBI. His source relationship was ended because of the latter concern. In addition, an FBI spreadsheet created to validate Steele’s allegations against Trump found most of the information in the dossier to be unconfirmed, debunked or simply open source information found on the Internet, sources have told me.

Read more …

That seems obvious.

Ken Starr: We’re ‘Nowhere Close’ To Impeachable Offenses (Fox)

The testimony from witnesses in the House Democrats’ impeachment hearings has come “nowhere close” to laying out impeachable offenses, former Independent Counsel Ken Starr said Thursday. Appearing on “America’s Newsroom” with host Bill Hemmer, Starr said that the witness testimony does not “reach the level of treason, bribery, or other high crimes and misdemeanors.” “My assessment of the evidence [thus] far? Nowhere close. The evidence is conflicting and ambiguous,” he told Hemmer. Starr said that European Union Ambassador Gordon Sondland’s testimony Wednesday falls into the same category since Sondland gave conflicting information about whether President Trump sought a quid pro quo with Ukraine involving military aid and an investigation of former Vice President Joe Biden and his son Hunter.

“Clearly in his opening statement, a quid pro quo. And then, he says later, ‘Well, the president said, ‘I don’t want anything. Right? President Zelensky should just do the right thing.’ [Those are] the words from the president himself,” he continued. “So, the record at the end of the day is likely to be ambiguous at best, conflicting at best … and you shouldn’t charge and you cannot convict a sitting president on the basis of conflicting and ambiguous evidence and destabilize the American government,” Starr argued. [..] “So, at least, I hope the Democrats will have that conversation about we don’t like the way foreign policy was conducted here, the delay [in providing aid] and so forth.

That’s debatable, but it is not the stuff of impeachment,” he told Hemmer. Later in the morning, after hearing testimony from David Holmes, a U.S. State Department official in Ukraine, and former National Security Council aide Fiona Hill, Starr said he does not believe a “corrupt bargain” by Trump is being proven. Starr said Hill’s testimony about Russian interference in the 2016 election was “eloquent,” particularly about the Kremlin trying to “sow seeds of discord” on both sides. He said it’s “willful blindness” for the president’s critics to dismiss allegations that Ukrainian officials were supporting Hillary Clinton.

Read more …

What came out again in yesterday’s hearing is the neverending RussiaRussia topic. Which is still presented as gospel, though its was debunked by Mueller, while at the same time the role of Ukraine, never investigated, is called a conspiracy theory.

Giuliani: “Massive Pay-For-Play” Soros-Ukraine Scheme Facilitated By US (ZH)

Rudy Giuliani claims that US diplomats have been acting to further the interests of billionaire George Soros in Ukraine in what he described as a “massive pay-for-play” scheme which included falsifying evidence against President Trump. “The anti-corruption bureau is a contradiction,” Giuliani told Glenn Beck, regarding Ukraine’s National Anti-Corruption Bureau (NABU), which Joe Biden helped establish when he was the Obama administration’s point-man on Ukraine. As a bit of background, in December of 2018, a Ukrainian court ruled that NABU director Artem Sytnyk “acted illegally” when he revealed the existence of Trump campaign manager Paul Manafort’s name to Journalist and politician Serhiy Leschenko in a “black ledger” containing off-book payments to Manafort by Ukraine’s previous administration.

The ruling against Sytnyk and Leshchenko was later overturned on a technicality. In December, The Blaze obtained audio of Sytnyk bragging about helping Hillary Clinton in the 2016 US election. “They took all the corruption cases away from the prosecutor general, they gave it to the anti-corruption bureau, and they got rid of all the cases that offended Soros, and they included all the cases against Soros’ enemies,” Giuliani told Beck. “One of the first cases they dismissed was a case in which his [Soros’s] NGO, AntAC, was supposed to have embezzled a lot of money, but not only that, collected dirty information on Republicans to be transmitted, gotten by Ukrainians, to be transmitted to this woman Alexandra Chalupa and other people who worked for the Democratic National Committee,” Giuliani continued.

[..] Giuliani described his reaction when he discovered the Ukrainian collusion that undermined the accusations of the Democrats made against the president. “Hallelujah! I now have what a defense lawyer always wants: I can go prove somebody else committed this crime!” Giuliani said. Giuliani explained to Beck that he had gone to Ukraine seeking exculpatory evidence, that which would exonerate his client, the president, in the special counsel Robert Mueller investigation. When Giuliani was asked directly about the identity of the whistleblower, he said that he could not speak about the matter publicly, and could not indicate if he knew the identity or not.

He also claimed that there were several prosecutors in Ukraine currently who were willing to testify about the collusion, but they were being blocked by the U.S. State Department. When prompted by Beck, he said he would provide for him the names of those individuals off air.

Read more …

And Ciaramella the whistleblower.

Trump Welcomes Senate Impeachment Trial, Wants Bidens, Schiff To Testify (R.)

President Donald Trump wants an impeachment trial to go forward in the U.S. Senate because he would receive due process there and he expects Democratic presidential candidate Joe Biden would be among the witnesses, a White House spokesman said on Thursday. “President Trump wants to have a trial in the Senate because it’s clearly the only chamber where he can expect fairness and receive due process under the Constitution,” spokesman Hogan Gidley said in a statement. “We would expect to finally hear from witnesses who actually witnessed, and possibly participated in corruption – like Adam Schiff, Joe Biden, Hunter Biden, and the so-called Whistleblower, to name a few,” Gidley said, referring to House of Representatives Intelligence Committee Chairman Schiff, who is leading an impeachment inquiry into Trump.

Read more …

Major point. All the way back to the Founders.

The Civilian Government Doesn’t Owe Deference to Military Officers (McMaken)

On Tuesday, Congressional impeachment hearings exposed an interesting facet of the current battle between Donald Trump and the so-called deep state: namely, that many government bureaucrats now fancy themselves as superior to the elected civilian government. In an exchange between Rep. Devin Nunes (R-CA) and Alexander Vindman, a US Army Lt. Colonel, Vindman insisted that Nunes address him by his rank. After being addressed as “Mr. Vindman,” Vindman retorted “Ranking Member, it’s Lt. Col. Vindman, please.” Throughout social media, anti-Trump forces, who have apparently now become pro-military partisans, sang Vindman’s praises, applauding him for putting Nunes in his place.

In a properly functioning government — with a proper view of military power — however, no one would tolerate a military officer lecturing a civilian on how to address him “correctly.” It is not even clear that Nunes was trying to “dis” Vindman, given that junior officers have historically been referred to as “Mister” in a wide variety of times and place. It is true that higher-ranking offers like Vindman are rarely referred to as “Mister,” but even if Nunes was trying to insult Vindman, the question remains: so what? Military modes of address are for the use of military personnel, and no one else. Indeed, Vindman was forced to retreat on this point when later asked by Rep. Chris Stewart (R-UT) if he always insists on civilians calling him by his rank.

Vindman blubbered that since he was wearing his uniform (for no good reason, mind you) he figured civilians ought to refer to him by his rank. Of course, my position on this should not be construed as a demand that people give greater respect to members of Congress. If a private citizen wants to go before Congress and refer to Nunes or any other member as “hey you,” that’s perfectly fine with me. But the important issue here is we’re talking about private citizens — i.e., the people who pay the bills — and not military officers who must be held as subordinate to the civilian government at all times. After all, there’s a reason that the framers of the US Constitution went to great pains to ensure the military powers remained subject to the will of the civilian government. Eighteenth and nineteenth century Americans regarded a standing army as a threat to their freedoms. Federal military personnel were treated accordingly.

Read more …

Michael Tracey: “Democratic senators anonymously trashing Tulsi because she has the audacity to debate other candidates… at a debate. “

Democratic Establishment Reaches Boiling Point With Tulsi Gabbard (Pol.)

Tulsi Gabbard trashed the Democratic Party as “not the party that is of, by and for the people,” accused Kamala Harris of trafficking in “lies and smears and innuendo” and attacked Pete Buttigieg as naive. Her performance at Wednesday’s debate earned an attaboy from the Trump War Room. And some rank-and-file Democrats are at wit’s end with the congresswoman who Hillary Clinton called “the favorite of the Russians.” “The question is whether she seriously hopes to be the nominee or if she has another agenda … her attacks on other candidates and her positions on issues seem very personal, not so much about a set of policies or worldview,” said Sen. Richard Blumenthal (D-Conn.). Bernie Sanders has “a coherent set of principles. Elizabeth Warren’s the same. I don’t perceive a fixed set of principles or worldview on her part.”


Demonstrating how divisive her campaign has become, the Trump War Room tweeted out a video clip of Gabbard attacking her own party with a “100” emoji. It received 4,500 retweets and 15,000 likes. “She sort of seems to be filling a pretty strange lane. Is there a part of the party that hates the party?” said Sen. Chris Murphy (D-Conn.). “It’s a little hard to figure out what itch she’s trying to scratch in the Democratic Party right now.” The Hawaii congresswoman’s presence on the debate stage is becoming a headache for the party as she uses the platform to appeal to isolationists, dissatisfied liberals and even conservatives. She has managed to secure a spot on the debate stage as more mainstream candidates like Sen. Michael Bennet (D-Colo.) and Gov. Steve Bullock (D-Mont.) failed to meet polling and donor thresholds to participate.

Read more …

I think something like this is inevitable, but I also think the timing is not quite there. Nice graph that shows it’s not really extravagant spending as is claimed.

Corbyn Declares War On ‘Rich And Powerful’ With Radical Manifesto (Ind.)

Jeremy Corbyn declared war on the “rich and powerful” with a general election manifesto that raises £83bn in new taxes on corporations and the wealthy to fund free broadband, the abolition of university tuition fees and a 5 per cent pay rise for public-sector workers. In a surprise move, the Labour leader announced an £11bn one-off windfall tax on oil and gas companies to pay for a “green industrial revolution” which he said would create a million environmental jobs and put the UK on track to achieve “the substantial majority” of necessary carbon emission reductions by 2030.


In a pugnacious address in Birmingham designed to breathe new life into Labour’s challenge for power and turn round its current deficit in the polls, Mr Corbyn said he was ready to accept “the hostility of the billionaires” in order to deliver what he termed “a manifesto of hope” for the bulk of the British people. He said Labour’s programme would bring an end to a system “rigged” in favour of big corporations and the super-rich. But Tories accused him of planning a “reckless spending spree”, while energy trade body OGUK warned that any additional taxes would “drive investors away and damage the long-term competitiveness of the UK’s offshore oil and gas industry”.

Read more …

Not pretty.

Greek Coast Guard Says 400 Refugees, Migrants Rescued From Sea In Past Day (K.)

Greece’s Coast Guard said Friday it rescued 400 refugees and migrants in the last 24 hours in 10 different incidents in the sea area near the city Alexandroupolis and the islands of Lesvos and Chios. Authorities also arrested three people believed to be migrant traffickers. Meanwhile, two ferries carrying 96 refugees and migrants from the islands of Chios, zeros and Kos arrived at the port of Piraeus on Friday morning, as part of the government’s efforts to decongest migrant camps. The new arrivals will be sent to different accommodation facilities in the mainland.

Read more …

New study by my friend Nate Hagens. I haven’t been able to read the whole thing yet.

Economics For The Future – Beyond The Superorganism (Nate Hagens)

“The real problem of humanity is the following: we have paleolithic emotions; medieval institutions; and god-like technology.”– E.O. Wilson

Despite decades of warnings, agreements, and activism, human energy consumption, emissions, and atmospheric CO2 concentrations all hit new records in 2018. If the global economy continues to grow at about 3.0% per year, we will consume as much energy and materials in the next ±30 years as we did cumulatively in the past 10,000. Is such a scenario inevitable? Is such a scenario possible? Simultaneously, we get daily reminders the global economy isn’t working as it used to such as rising wealth and income inequality, heavy reliance on debt and government guarantees, populist political movements, increasing apathy, tension and violence, and ecological decay. To avoid facing the consequences of our biophysical reality, we’re now obtaining growth in increasingly unsustainable ways.

The developed world is using finance to enable the extraction of things we couldn’t otherwise afford to extract to produce things we otherwise couldn’t afford to consume. With this backdrop, what sort of future economic systems are now feasible? What choreography would allow them to come about? In the fullness of the Anthropocene, what does a hard look at the relationships between ecosystems and economic systems in the broadest sense suggest about our collective future? Ecological economics was ahead of its time in recognizing the fundamental importance of nature’s services and the biophysical underpinnings of human economies. Can it now assemble a blueprint for a ‘reconstruction’ to guide a way forward?

Before articulating prescriptions, we first need a comprehensive diagnosis of the patient. In 2019, we are beyond a piecemeal listing of what’s wrong. A coherent description of the global economy requires a systems view: describing the parts, the processes, how the parts and processes interact, and what these interactions imply about future possibilities. This paper provides a brief overview of the relationships between human behavior, the economy and Earth’s environment. It articulates how a social species self-organizing around surplus has metabolically morphed into a single, mindless, energy-hungry “Superorganism.” Lastly, it provides an assessment of our constraints and opportunities, and suggests how a more sapient economic system might develop.

Read more …

 

Today is the 56th anniversary of the murder of JFK.

 

 

 

 

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Oct 252019
 
 October 25, 2019  Posted by at 9:37 am Finance Tagged with: , , , , , , , , , ,  20 Responses »


Ivan Shishkin The wilds 1881

 

Justice Dept. To Launch Criminal Investigation Into Its Own Russia Probe (Hill)
Trump Cancels All Admins’ NYT, WaPo Subscriptions (ZH)
EU Set To Put Brexit Delay On Hold After Johnson’s Ultimatum (G.)
Russian Gun Activist Maria Butina To Touch Down In Moscow Saturday (RT)
Despite Ultra-Low Mortgage Rates, New House Prices At Multi-Year Low (WS)
Vladimir Putin, Syria’s Pacifier-in-Chief (Escobar)
WikiLeaks Releases New Docs Questioning Syria Chemical Attack Narrative (ZH)
Indonesia’s Report On Lion Air 737 MAX Crash Faults Design, Certification (R.)
South Korea Grounds Nine Boeing 737 NG Planes With Cracks (R.)
Can The US Beat China In A “Trade War”? (Vltchek)
Johannesburg Shuts Down Computers City-Wide After Bitcoin Ransomware Attack (CCN)

 

 

It’s a probe of the Mueller probe. The MSM will do what they can to ridicule it, saying it’s for political reasosns only. But the Mueller probe wasn’t? At least they haven’t dared attack Durham yet, or his reputation.

Justice Dept. To Launch Criminal Investigation Into Its Own Russia Probe (Hill)

The Justice Department has reportedly opened a criminal investigation into its own Russia probe The New York Times reports. The newspaper reports that after former special counsel Robert Mueller closed the official investigation months ago, a new criminal inquiry will proceed to find out how the investigation of Russian interference into the 2016 presidential election and Trump’s alleged collusion with Russia “all began.” Attorney General William Barr has closely reviewed how the department handled the Russia investigation.

But shifting the administrative review to a criminal inquiry would allow the prosecutor presiding over the inquiry, John H. Durham, to subpoena for witness testimony and documents, people familiar with the matter told the Times. It would also enable Durham, a U.S. attorney appointed by Barr to lead the inquiry, to put together a grand jury and to file charges. When defined as an administrative review, Durham could only voluntarily interview witnesses and investigate government documents, according to the Times.

Read more …

Yes, this made me laugh.

Trump Cancels All Admins’ NYT, WaPo Subscriptions (ZH)

In what we are sure will be “hair-on-fire” screamed about as ‘tyrannical-book-burning’, President Trump has reportedly planning to instruct federal agencies to not renew their subscriptions to the New York Times and the Washington Post. As The Wall Street Journal reports, White House press secretary Stephanie Grisham said in an email Thursday: “Not renewing subscriptions across all federal agencies will be a significant cost saving – hundreds of thousands of taxpayer dollars will be saved.” The decision comes days after the president cancelled the White House’s print subscriptions to the Post and the Times after expressing frustration with their coverage.


“We don’t even want it in the White House anymore,” Mr. Trump said of the Times during an interview with Fox News host Sean Hannity that aired Monday night. “We’re going to probably terminate that and the Washington Post. They’re fake.” Additionally, The Journal reports that a White House official confirmed that print editions of the Times and the Post weren’t among the newspapers delivered to the White House on Thursday. And while liberals use “fact checkers” to force advertisers to boycott “right wing” websites/newspapers, President Trump’s response is even cleaner: “your subscription has been terminated.”

Read more …

Corbyn insists Boris must take No-Deal off the table.

EU Set To Put Brexit Delay On Hold After Johnson’s Ultimatum (G.)

The EU’s plan to offer the UK an extension until 31 January on Friday is expected to be put on hold after Boris Johnson threatened to pull the Brexit deal if Jeremy Corbyn rejects a general election. Sources said the dramatic developments in Westminster needed to be fully understood and the choreography in Brussels could change. Donald Tusk, the European council chairman, had been expected to announce on Friday morning, following a meeting with ambassadors, that the EU27 had accepted the delay requested in a letter reluctantly sent by Johnson last Saturday. But senior EU sources said the developments in London had left the situation in flux. An announcement is expected on Monday or Tuesday.

Suggestions that the Labour leader could reject Johnson’s demand for a general election on 12 December provoking the prime minister to pull his deal set alarm bells ringing. Sources said the French government wanted to see the outcome of the vote on a general election before making a decision, but that the other 26 member states were ready to grant the three-month extension. The final offer could differ from the extension requested in the Benn act by specifying that the UK could leave on 15 November if the deal was ratified in the UK and European parliament. Before Johnson’s ultimatum to the Labour leader, the EU looked set to offer a three-month extension, which could be cut short at the point at which the Brexit deal was ratified.

It remains the most likely outcome. “We don’t want to be dragged into British politics and this is what was requested,” said one senior EU diplomat. “They can leave earlier if they ratify the deal. To echo your prime minister, we just want Brexit done.”

Read more …

Bless her. Casualty of Russophobia.

Russian Gun Activist Maria Butina To Touch Down In Moscow Saturday (RT)

Maria Butina is finally coming back home, after spending over a year behind bars in a bizarre case of anti-Russian hysteria that saw the gun rights activist libeled in the media and locked up as “unregistered foreign agent.” She is expected to leave a federal prison in Tallahassee, Florida and would be transferred from to a migrant center in Miami on Friday, Russian ambassador in Washington, Anatoly Antonov confirmed, saying The same day Butina would board the plane to Moscow and is set to touch down in the Russian capital on Saturday morning.


Butina was sentenced by a US federal judge for 18 months in April after pleading guilty to conspiring to act as a foreign agent without registration, Antonov said that he hopes Butina’s belated homecoming would “put an end to the most difficult period in her life,” and wished the 30-year-old reunite with her family and loved ones as soon as possible after her ordeal is over.

Read more …

A broken market. The Fed broke it.

Despite Ultra-Low Mortgage Rates, New House Prices At Multi-Year Low (WS)

The median price of new single-family houses in September fell 8.8% from a year ago to $299,400 – down 12.8% from the peak in November and December 2017 and back where the median price had first been in November 2014, according to the Commerce Department this morning: “Median price” means half of the houses sold for more, and half sold for less. The decline in the median price does not include incentives that are thrown in by homebuilders to close deals, such as free granite counter tops.

This median-price data – produced jointly by the Census Bureau and the Department of Housing and Urban Development – is “volatile” on a month-to-month basis. To show the longer-term trend, I added the 12-month moving average, which eliminates the monthly ups and downs. The September data point, being the average of the past 12 months, lags months behind of today’s market, but it allows for longer-term trends to become clearer. The lag of the 12-month moving average (red line) shows up in how, on the way up, median prices were mostly above the red line, and now on the way down, median prices are mostly below it:

Read more …

Let’s see what develops. Bit early to draw grand conclusions.

Vladimir Putin, Syria’s Pacifier-in-Chief (Escobar)

Russia-Turkey deal establishes ‘safe zone’ along Turkish border and there will be joint Russia-Turkey military patrols The negotiations in Sochi were long – over six hours – tense and tough. Two leaders in a room with their interpreters and several senior Turkish ministers close by if advice was needed. The stakes were immense: a road map to pacify northeast Syria, finally. The press conference afterwards was somewhat awkward – riffing on generalities. But there’s no question that in the end Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan managed the near impossible.

The Russia-Turkey deal establishes a safe zone along the Syrian-Turkish border – something Erdogan had been gunning for since 2014. There will be joint Russia-Turkey military patrols. The Kurdish YPG (People’s Protection Units), part of the rebranded, US-aligned Syrian Democratic Forces, will need to retreat and even disband, especially in the stretch between Tal Abyad and Ras al-Ayn, and they will have to abandon their much-cherished urban areas such as Kobane and Manbij. The Syrian Arab Army will be back in the whole northeast. And Syrian territorial integrity – a Putin imperative – will be preserved.

This is a Syria-Russia-Turkey win-win-win – and, inevitably, the end of a separatist-controlled Syrian Kurdistan. Significantly, Erdogan’s spokesman Fahrettin Altun stressed Syria’s “territorial integrity” and “political unity.” That kind of rhetoric from Ankara was unheard of until quite recently. Putin immediately called Syrian President Bashar al Assad to detail the key points of the memorandum of understanding. Kremlin spokesman Dmitry Peskov once again stressed Putin’s main goal – Syrian territorial integrity – and the very hard work ahead to form a Syrian Constitutional Committee for the legal path towards a still-elusive political settlement.

[..] For all the cliffhangers in Sochi, there was not a peep about an absolutely key element: who’s in control of Syria’s oilfields, especially after President Trump’s now-notorious tweet stating, “the US has secured the oil.” No one knows which oil. If he meant Syrian oil, that would be against international law. Not to mention Washington has no mandate – from the UN or anyone else – to occupy Syrian territory.

Read more …

Just as the US donates millions more to the White Helmets. OPCW should be dismantled.

WikiLeaks Releases New Docs Questioning Syria Chemical Attack Narrative (ZH)

A whistleblower with the Organization for the Prohibition of Chemical Weapons (OPCW), responsible for conducting an independent investigation into the alleged chemical attack in the Syrian town of Douma on April 7, 2018, has presented WikiLeaks with a body of evidence suggesting the chemical weapons watchdog agency manipulated and suppressed evidence. A prior official OPCW report of the investigation issued last March found “reasonable grounds” for believing a toxic chemical was used against civilians, likely chlorine. Long prior to any independent investigators reaching the site, however, Washington had launched major tomahawk airstrikes against Damascus in retribution for “Assad gassing his own people”.

]WikiLeaks published documents based on evidence presented by the internal OPCW whistleblower to an expert review panel on Wednesday. “The panel was presented with evidence that casts doubt on the integrity of the OPCW,” WikiLeaks editor Kristinn Hrafnsson wrote. An official WikiLeaks press release said as follows: “Kristinn Hrafnsson took part in the panel to review the testimony and documents from the OPCW whistleblower. He says: “The panel was presented with evidence that casts doubt on the integrity of the OPCW. Although the whistleblower was not ready to step forward and/or present documents to the public, WikiLeaks believes it is now of utmost interest for the public to see everything that was collected by the Fact Finding Mission on Douma and all scientific reports written in relation to the investigation.”

“Based on the whistleblower’s extensive presentation, including internal emails, text exchanges and suppressed draft reports, we are unanimous in expressing our alarm over unacceptable practices in the investigation of the alleged chemical attack in Douma,” the experts pointed out.

Read more …

An aditional report comes out today from a US transportation board. Boeing’s reply: we’re updating the software…

Indonesia’s Report On Lion Air 737 MAX Crash Faults Design, Certification (R.)

Indonesia has called for better Boeing cockpit systems and oversight by US regulators after design flaws helped bring down a Lion Air 737 MAX jet – a crash that was compounded by errors from ground staff and crew. In its final report into the crash of the jet on Oct 29, 2018 that killed all 189 people on board, Indonesia made recommendations to Boeing, Lion Air, the US Federal Aviation Administration (FAA) and other agencies. A copy was seen by Reuters and it is due to be released publicly later on Friday.


Less than five months after the Lion Air accident, an Ethiopian Airlines 737 MAX crashed, leading to a global grounding of the model and a growing crisis for the world’s biggest planemaker, which has just ousted the top executive of its commercial airplanes division. In the report, Indonesian regulators criticised the design of the anti-stall system known as MCAS, which automatically pushed the plane’s nose down, leaving pilots fighting for control. During the flight, the control column was in such disarray that it required 103 pounds of strength to counter the automated system. “The design and certification of the MCAS did not adequately consider the likelihood of loss of control of the aircraft,” the report said.

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It’s company wide.

South Korea Grounds Nine Boeing 737 NG Planes With Cracks (R.)

South Korea’s transport ministry on Friday said nine Boeing 737 NG planes in the country had been grounded after checks found structural cracks requiring repairs. The suspension follows an order from the U.S. Federal Aviation Administration earlier this month for aircraft operators to inspect older Boeing 737 NGs for structural cracks. Boeing on Oct. 11 said inspections of 810 of the planes globally had led to 38 requiring repair. South Korea said it found nine planes with cracks among 42 planes examined. Among the nine grounded planes are five operated by Korean Air Lines, according to the transport ministry.

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It is possible to sing the praises of China too much.

Can The US Beat China In A “Trade War”? (Vltchek)

There are now many new systems, in numerous corners of the world. These systems, some Communist, others socialist or even populist, are ready to defend their citizens, and to use the natural resources to feed the people, and to educate, house and cure them. No matter how popular these systems are at home, the West finds ways to demonize them, using its well-established propaganda machinery. First, to smear them and then, if they resist, to directly liquidate them. As before, during the colonial era, no competition has been permitted. Disobedience is punishable by death.

Naturally, the Western system has not been built on excellence, hard work and creativity, only. It was constructed on fear, oppression and brutal force. For centuries, it has clearly been a monopoly. Only the toughest countries, like Russia, China, Iran, North Korea or Cuba, have managed to survive, defending they own cultures, and advancing their philosophies. To the West, China has proved to be an extremely tough adversary. With its political, economic, and social system, it has managed to construct a forward-looking, optimistic and extraordinarily productive society. Its scientific research is now second to none. Its culture is thriving. Together with its closest ally, Russia, China excels in many essential fields.

That is precisely what irks, even horrifies the West. For decades and centuries, Europe and the United States have not been ready to tolerate any major country, which would set up its own set of rules and goals. China refuses to accept the diktat from abroad. It now appears to be self-sufficient, ideologically, politically, economically and intellectually. Where it is not fully self-sufficient, it can rely on its friends and allies. Those allies are, increasingly, located outside the Western sphere.

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“The group is demanding 4 Bitcoin..”

Johannesburg Shuts Down Computers City-Wide After Bitcoin Ransomware Attack (CCN)

Hackers have breached the computer network of South Africa’s commercial capital Johannesburg in an attempt to ransom the city for Bitcoin. Consequently, the city has shut down its website and suspended all e-services as a ‘precautionary measure’. At the time of writing the city’s website was still inaccessible. Per The Times, the group behind the cyber-attack is an outfit known as Shadow Kill Hackers. The group is demanding 4 Bitcoin – nearly $30,000 at the current Bitcoin price – by the close of business on October 28. In their ransom note received by several employees of the city, Shadow Kill Hackers claimed to have obtained valuable and confidential data from the city:


“All your servers and data have been hacked. We have dozens of back doors inside your city. We have control of everything in your city. We also compromised all passwords and sensitive data such as finance and personal population information.” Failure to pay the Bitcoin ransom, the hackers have warned, will see the sensitive data released publicly. Some of the e-services that will be affected by the shutdown include online billing services. Internet-based customer care services have also been suspended. An investigation into the Bitcoin ransomware attack has already been launched and is expected to take 24 hours.

Read more …

 

 

 

 

 

Jul 172019
 


Salvador Dali Mme. Reese 1931

 

The circus will be coming to town a week later, but not to worry, the show will go on longer and there will be many added attractions, including a full troop of 800-pound gorillas and an entire herd of 8000-pound elephants in the room. And once the balancing acts, the clowns and the ferocious beasts pack up and move on, America might find itself without a Democratic Party, or at least one it would recognize.

The circus is the testimony of Robert Mueller before the House Judiciary (extended to 3 hours) and Intelligence Committees (2 hours). The Democrats will aim to use Mueller’s words to finally achieve their long desired impeachment of Donald Trump. But is there anyone who’s not a US Democrat who thinks that is realistic? House Speaker Nancy Pelosi doesn’t seem to think so.

In order for the Dems to get their wish, Mueller would have to say a lot of things that are not in his report. It all appears to hang on the interpretation of his assessment that a sitting president cannot be prosecuted, which the Dems take to mean that there actually was a crime that could -or should- be prosecuted.

It’s not clear why the hearing was delayed from July 17 to 24, but don’t be surprised if it has to do with US District Judge Dabney Friedrich’s decision that Mueller must stop talking in public about a case that is in front of her, because his words might prejudice a jury. That is the case that Mueller brought in February 2018 against Internet Research Agency, Concord Management, their owner Yevgeniy Prigozhin (aka Putin’s cook), and 12 of his employees.

Mueller thought he could get away with presenting a case against them because they would not show up, but Prigozhin did hire a major law firm. Ironically, Friedrich has reportedly also decided that the lawyers cannot talk about the case to their own client(s). She hasn’t thrown out the case or anything, she’s simply told everyone including Mueller to stop discussing it in public.

 

So it’s quite possible that once the House Democrats figured this out (the decision stems from May 28 but was unsealed only on July 1), they had to change strategy. Mueller has been barred from saying a single word about it, including in the House.

In his report, Mueller tried to establish a link between the Russian firms and the Kremlin, but never proved any such link. They are accused of meddling in the 2016 election through emails and social media posts, an accusation that looks shakier by the day.

With that part of his report out of the way, what is left for him to talk about? He himself already gave up on the whole collusion narrative, which would appear to leave only obstruction. Well, there’s the Steele dossier, but with John Solomon blowing another gaping hole in it yesterday, that may not be the wisest topic to discuss on the House floor. By now, only the very faithful still believe in the dossier.

The Republicans surely don’t, and they also happen to be House members, and get to ask questions of Mueller on the 24th. The spectacle last night where Nancy Pelosi insisted on calling Trump a racist was nutty (you don’t do that in the House), but the Mueller hearings promise to be much much more nuts still.

 

In the background a second investigation is playing out: DOJ IG Michael Horowitz has been probing if DOJ or FBI officials abused their powers to spy on the Trump campaign. His report has been delayed, if reports are correct, because Christopher Steele at the very last minute agreed to testify. Those talks apparently were long and detailed. Wonder what he had to say.

And there’s a third probe too: AG Barr has tasked John Durham, the US attorney for Connecticut, to follow up on the Horowitz report and look at whether officials at the CIA, the NSA, and/or foreign intelligence agencies (think MI6), violated protocols or statutes.

That case is about whether the FISA court was misled to secure a warrant to put Trump campaign aide Carter Page under surveillance. It can also take a new look at the text messages between Peter Strzok and Lisa Page, messages that Trump tweeted about on Saturday: “This is one of the most horrible abuses of all. Those texts between gaga lovers would have told the whole story. Illegal deletion by Mueller. They gave us “the insurance policy.”

The deletion reportedly may have been accidental. But it does set the tone. The door is wide open for the Republicans to go after Mueller. And he knows it, always has. He never wanted the hearings, he said it was all in his report. But the Dems wanted more, they want Mueller to say Trump is guilty of obstruction (of a probe that perhaps should never have taken place).

Personally, I wonder whether a Republican congressman/woman will have the guts to ask Mueller why he refused to talk to Julian Assange, the most obvious person for him to talk to in the whole wide world. But since the GOP hates Assange as much as the Dems, I don’t have high hopes of that happening.

What they certainly will ask is when he knew his probe wasn’t going anywhere. And if that was perhaps as much as a whole year before he presented his report. The Dems will tear into Mueller looking for obstruction. Like: if Trump were not the president, would you sue him? Problem with that is none of this would have happened if Trump were just a citizen.

But I lean towards Ray McGovern’s take, who says that the circus may not come to town on July 24 either. Because there’s no there there (something Peter Strzok himself said about the Steele dossier), and because the Dems know this is their last shot at glory. And the GOP doesn’t mind another week or so of preparation.

Since the Democrats, the media, and Mueller himself all have strong incentive to “make the worst case appear the better” (one of the twin charges against Socrates), they need time to regroup and circle the wagons. The more so, since Mueller’s other twin charge — Russian hacking of the DNC — also has been shown, in a separate Court case, to be bereft of credible evidence. No, the incomplete, redacted, second-hand “forensics” draft that former FBI Director James Comey decided to settle for from the Democratic National Committee-hired CrowdStrike firm does not qualify as credible evidence.


Both new developments are likely to pose a strong challenge to Mueller. On the forensics, Mueller decided to settle for what his former colleague Comey decided to settle for from CrowdStrike, which was hired by the DNC despite it’s deeply flawed reputation and well known bias against Russia. In fact, the new facts — emerging, oddly, from the U.S. District Court, pose such a fundamental challenge to Mueller’s findings that no one should be surprised if Mueller’s testimony is postponed again.

And I was serious when I said before that once the Mueller hearings are done, “America might find itself without a Democratic Party, or at least one it would recognize”. Because if and when the Mueller circus fails to provide the impeachment dream (try elections!), where are they going to go, what else is there to do?

They’ve been clamoring for impeachment for collusion (big fail), for obstruction (Mueller wouldn’t have it) and now racism, but that is merely based on interpretation of tweets. Nancy Pelosi wrote about ‘women of color’, not Donald Trump.

America needs a strong Democratic party, and it certainly doesn’t have one right now. The Dems should be calling for an end to regime change wars, that is a popular theme among their voters. But they don’t, because guess where their money comes from. They are in a very deep identity crisis, and Trump just has to pick them off one by one. They should look at themselves, not at him. Do these people ever do strategy?