Apr 082020
 


Elliott Erwitt California, USA 1956

 

To End the Pandemic, Give Universal Testing the Green Light (Patel/Patel)
UK To Have More Corona Deaths Than Italy, Spain, France, Germany Combined (G.)
Boris Johnson’s Scientists Were Slow To Sound The Alarm (R.)
Low Antibody Levels Raise Questions About Coronavirus Reinfection Risk (SCMP)
Staggering Surge Of NYers Dying In Their Homes (Gothamist)
Cuomo, De Blasio Urged To Act On ‘Uneven’ Covid-19 Death Toll (TheCity)
South Korea Virus Death Toll Hits 200 (Yonhap)
CDC Removes Unusual Guidance To Doctors About Chloroquines (R.)
EU Ministers Fail To Agree Virus Economic Rescue In All-Night Talks (R.)
US Economy Will Eventually Reopen But With Big Changes: Kudlow (R.)
Worldwide Debt Reached 322% of GDP Before COVID19 Pandemic (Sky)
Former Ecuador President Correa Sentenced To 8 Years For Corruption (R.)
Assange’s Life In Grave Danger After 1st COVID19 Death In Belmarsh Prison (RT)
Judge Refuses To Grant Julian Assange’s Partner Anonymity (Ind.)

 

 

• US records highest Covid-19 deaths in single day: More than 1,970 deaths were recorded on Tuesday with some states yet to share their totals.

• U.S. reports 30,706 new cases of coronavirus and 1,970 new deaths. Total of 398,785 cases and 12,893 deaths.

• Reported US coronavirus deaths @ryanstruyk @CNN:
– 4 weeks ago: 31 deaths
– 3 weeks ago: 111 deaths
– 2 weeks ago: 704 deaths
– 1 week ago: 3,834 deaths
Right now: 12,893 deaths

• In New York City, 149,558 people have been tested for coronavirus so far.
– 50% of them tested positive.

• @Amy_Siskind: 2,000 American died today alone. 400,000 reported cases in the US. The US mortality rate is now 3.2%. At 1,000 deaths it was at 1.5% and has been steadily rising. The mortality rate of the 1918 flu was 2.5%. For the flu is it <0.1%

Trend 1: the US accounts for a higher proportion of worldwide cases and deaths each day.
* US now accounts for 15.7% of all deaths, up from 9% one week ago.
* US accounts for 28% of all worldwide cases, up from 25% 2 days ago.
We make up 4.2% of the world population.

 

 

Cases 1,446,981 (+ 87,971 from yesterday’s 1,359,010)

Deaths 83,090 (+ 7,190 from yesterday’s 75,900)

 

 

 

From Worldometer yesterday evening -before their day’s close-

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 21% !

 

 

From SCMP:

 

 

From COVID2019Info.live:

 

 

 

 

Sometimes I feel like I’m the only one hammering away at this, so this is good to see, coming from two doctors.

You can forget about re-opening your economy without all-out testing. You can forget about travel if you haven’t been tested. At least twice.

But universal testing is still very far away. All we see is countries inventing excuses to not test. I haven’t seen one that has tested even 1% of its population.

To End the Pandemic, Give Universal Testing the Green Light (Patel/Patel)

We have no idea what the spread of this virus truly is thanks to costly under-testing at the start of this pandemic, but all of the evidence points to mass testing as the only way out of a perpetual cycle of social distancing and caseload spikes. Social distancing is buying us time, but without universal testing, this period of pause delays the inevitable. That’s why we’re calling for a national mobilization to create a universal testing program for every American. Such a program should categorize people in three ways: they had Covid-19, they have Covid-19, or they are still at risk for getting Covid-19. Green, Red, Yellow—that simple, no more uncertainty. It would use two types of tests to accomplish this categorization.


The Two Types of Tests for Covid-19. When testing for Covid-19, we can look at the presence of either (1) the actual viral antigen during infection or the (2) antibodies during the middle stage of infection and after. (For the sake of simplicity we are only going to talk broadly about the antibody test as one type of antibody.) Covid-19 testing in the US currently is focused on antigen testing; a nasal swab is used to test for the presence of Covid-19 proteins in your mucus. Such tests need to be made widely available in ways that do not clog our emergency rooms. Mobile testing for at risk seniors as well as rapid expansion of drive through testing facilities, or even self-administered home swab kits that can be securely sent to labs can help rapidly identify those who need to be on the strictest quarantine (Red).


Data Visualization: Suraj Patel And Viral Patel

We also need to increase the capacity to read these tests. South Korea reported its first Covid-19 case the same day as the USA, but had six times the testing capacity per capita. Fortunately, the science behind analyzing Covid-19 antigen tests is widely available—university labs, commercial labs, and the government all have the equipment needed to read them. They just need to be set up for testing and approved to analyze samples. That requires no medical breakthrough, just political leadership, which may be the taller order right now. These antigen tests, however, can only tell providers if a person has an active Covid-19 infection or are asymptomatic carriers.


We also need to approve serological blood and/or ELISA antibody tests that can be rapidly deployed to detect disease immunity. In some cases these tests can be self-administered at home to test for immunity from Covid-19. This isn’t a fairy tale idea. Public Health England is attempting to make millions of 15-minute at-home testing kits available to the general public at pharmacies and via mail the moment one of the tests proves efficacious. The UK’s first options just recently failed, but the science behind antibody tests tell us it is a matter of when, not if one of these tests are successful.

Read more …

This is devastating. Italy, France, Spain have terrible numbers of their own, overwhelmed health care, you name it.

On the bright side, Boris kept the pubs open for two more weeks.

UK To Have More Corona Deaths Than Italy, Spain, France, Germany Combined (G.)

World-leading disease data analysts have projected that the UK will become the country worst hit by the coronavirus pandemic in Europe, accounting for more than 40% of total deaths across the continent. The Institute for Health Metrics and Evaluation (IHME) in Seattle predicts 66,000 UK deaths from Covid-19 by August, with a peak of nearly 3,000 a day, based on a steep climb in daily deaths early in the outbreak. The analysts also claim discussions over “herd immunity” led to a delay in the UK introducing physical distancing measures, which were brought in from 23 March in England when the coronavirus daily death toll was 54. Portugal, by comparison, had just one confirmed death when distancing measures were imposed.


The IHME modelling forecasts that by 4 August the UK will see a total of 66,314 deaths – an average taken from a large estimate range of between 14,572 and 219,211 deaths, indicating the uncertainties around it. The newly released data is disputed by scientists whose modelling of the likely shape of the UK epidemic is relied on by the government. Prof Neil Ferguson, of Imperial College London, said the IHME figures on “healthcare demand” – including hospital bed use and deaths – were twice as high as they should be. The IHME, which is responsible for the ongoing Global Burden of Disease study, calculated the likely need for hospital admissions and intensive care beds and projected deaths in European countries hit by Covid-19.

Looking at the measures taken by the UK to curb the spread of the disease, the institute says the peak is expected in 10 days’ time, on 17 April. At that point the country will need more than 102,000 hospital beds, the IHME says. There are nearly 18,000 available, meaning a shortfall of 85,000. The same grim picture applies to intensive care beds. At the peak, 24,500 intensive care beds will be needed and 799 are available, the analysts predict. There will be a need for nearly 21,000 ventilators, they say. At the peak the UK will see 2,932 deaths a day, the IHME forecasts. The death toll in other European countries that are now struggling with Covid-19 will be lower, they say. Spain is projected to have 19,209 deaths by the same date, Italy 20,300 and France 15,058. All three countries have imposed tougher lockdown measures than the UK.

Read more …

Not an excuse for Boris anymore than it is for Trump, but it does tell us somethinng about what passes for science.

Boris Johnson’s Scientists Were Slow To Sound The Alarm (R.)

It was early spring when British scientists laid out the bald truth to their government. It was “highly likely,” they said, that there was now “sustained transmission” of COVID-19 in the United Kingdom. If unconstrained and if the virus behaved as in China, up to four-fifths of Britons could be infected and one in a hundred might die, wrote the scientists, members of an official committee set up to model the spread of pandemic flu, on March 2. Their assessment didn’t spell it out, but that was a prediction of over 500,000 deaths in this nation of nearly 70 million. Yet the next day, March 3, Prime Minister Boris Johnson was his cheery self. He joked that he was still shaking hands with everyone, including at a hospital treating coronavirus patients.

“Our country remains extremely well prepared,” Johnson said as Italy reached 79 deaths. “We already have a fantastic NHS,” the national public health service, “fantastic testing systems and fantastic surveillance of the spread of disease.” Alongside him at the Downing Street press conference was Chris Whitty, the government’s chief medical adviser and himself an epidemiologist. Whitty passed on the modelling committee’s broad conclusions, including the prediction of a possible 80% infection rate and the consequent deaths. But he played them down, saying the number of people who would be infected was probably “a lot lower” and coming up with a total was “largely speculative.”

The upbeat tone of that briefing stood in sharp contrast with the growing unease of many of the government’s scientific advisers behind the scenes. They were already convinced that Britain was on the brink of a disastrous outbreak, a Reuters investigation has found. [..] interviews and documents also reveal that for more than two months, the scientists whose advice guided Downing Street did not clearly signal their worsening fears to the public or the government. Until March 12, the risk level, set by the government’s top medical advisers on the recommendation of the scientists, remained at “moderate,” suggesting only the possibility of a wider outbreak.

Read more …

That throws another 1000 theories out the window.

Low Antibody Levels Raise Questions About Coronavirus Reinfection Risk (SCMP)

Researchers in Shanghai hope to determine whether some recovered coronavirus patients have a higher risk of reinfection after finding surprisingly low levels of Covid-19 antibodies in a number of people discharged from hospital. A team from Fudan University analysed blood samples from 175 patients discharged from the Shanghai Public Health Clinical Centre and found that nearly a third had unexpectedly low levels of antibodies. In some cases, antibodies could not be detected at all. “Whether these patients were at high risk of rebound or reinfection should be explored in further studies,” the team wrote in preliminary research released on Monday on Medrxiv.org, an online platform for preprint papers.

Although the study was preliminary and not peer-reviewed, it was the world’s first systematic examination of antibody levels in patients who had recovered from Covid-19, the disease caused by the coronavirus, the researchers said. All of the patients had recently recovered from mild symptoms of the disease and most of those with low antibody levels were young. The researchers excluded patients who had been admitted to intensive care units because many of them already had antibodies from donated blood plasma. Antibodies are generated by the immune system and have unique chemical structures to inhibit specific pathogens. The coronavirus antibody intercepts the spike protein on the viral envelope to prevent it from binding with human cells.

The researchers said they were surprised to find that the antibody “titer” value in about a third of the patients was less than 500, a level that might be too low to provide protection. “About 30 per cent of patients failed to develop high titers of neutralising antibodies after Covid-19 infection. However, the disease duration of these patients compared to others was similar,” they said. The team also found that antibody levels rose with age, with people in the 60-85 age group displaying more than three times the amount of antibodies as people in the 15-39 age group. The low amounts of antibodies could affect herd immunity, resistance to the disease among the general population to stop its spread.

“This is a clinical observation we made at the front line. What this will mean to herd immunity will require more data from other parts of the world,” Professor Huang Jinghe, the leader of the team, said on Tuesday. Huang said 10 of the patients in the study had an antibody presence so low it could not even be detected in the laboratory. These patients experienced typical Covid-19 symptoms including fever, chill and a cough, but might have beaten back the virus with other parts of the immune system such as T-cells or cytokines. How they did this was still unclear. “Vaccine developers may need to pay particular attention to these patients,” Huang said. If the real virus could not induce antibody response, the weakened version in the vaccine might not work in these patients either.

Read more …

Two trends appear: people dying at home, and blacks dying in far larger -relative- numbers.

Staggering Surge Of NYers Dying In Their Homes (Gothamist)

If you die at home from the coronavirus, there’s a good chance you won’t be included in the official death toll, because of a discrepancy in New York City’s reporting process. The problem means the city’s official death count is likely far lower than the real toll taken by the virus, according to public health officials. It also means that victims without access to testing are not being counted, and even epidemiologists are left without a full understanding of the pandemic. As of Monday afternoon, 2,738 New York City residents have died from ‘confirmed’ cases of COVID-19, according to the city Department of Health. That’s an average of 245 a day since the previous Monday.

But another 200 city residents are now dying at home each day, compared to 20 to 25 such deaths before the pandemic, said Aja Worthy-Davis, a spokeswoman for the medical examiner’s office. And an untold number of them are unconfirmed. That’s because the ME’s office is not testing dead bodies for COVID-19. Instead, they’re referring suspected cases to the city’s health department as “probable.” “If someone dies at home, and we go to the home and there [are] signs of influenza, our medical examiner may determine the cause of death was clearly an influenza-like illness, potentially COVID or an influenza-like illness believed to be COVID,” said Worthy-Davis. “We report all our deaths citywide to the health department, who releases that data to the public.”

But the health department does not include that number in the official count unless it is confirmed, a spokesman said. “Every person with a lab confirmed COVID-19 diagnosis is counted in the number of fatalities,” the spokesman, Michael Lanza, said in an email. He said the city’s coronavirus death tally does not break down who died at home versus who died in a hospital from the virus. [..] Statistics from the Fire Department, which runs EMS, confirm a staggering rise in deaths occurring at the scene before first responders can transport a person to a hospital for care.

The FDNY says it responded to 2,192 cases of deaths at home between March 20th and April 5th, or about 130 a day, an almost 400 percent increase from the same time period last year. (In 2019, there were just 453 cardiac arrest calls where a patient died, according to the FDNY.) That number has been steadily increasing since March 30th, with 241 New Yorkers dying at home Sunday — more than the number of confirmed COVID-19 deaths that occurred citywide that day. On Monday night, the city reported 266 new deaths, suggesting the possibility of a 40% undercount of coronavirus-related deaths.

Read more …

I haven’t seen any genetic explanations for this.

Cuomo, De Blasio Urged To Act On ‘Uneven’ COVID19 Death Toll (TheCity)

Responding to signs that coronavirus is exacting an outsize toll on black and Latino New Yorkers, elected officials are stepping up pressure on Mayor Bill de Blasio and Gov. Andrew Cuomo to disclose details — and act. On Monday, 10 South Bronx elected officials asked Cuomo to immediately open a multipurpose medical facility at the Harlem River Yards, a waterfront site owned by the state. Their letter cites THE CITY’s report on an outsize death toll from the Bronx, using city Health Department statistics. As of last Friday, Bronx residents were twice as likely to die of coronavirus as New York City residents as a whole.


The officials, among them veteran Rep. José Serrano, asked Cuomo to establish a rapid testing facility, field hospital, and temporary barracks for medical personnel on the property, currently leased to the Schenectady-based Galesi Group. “If New York State can not accommodate this request, we ask that you convey the rationale as to why and that you request assistance from the federal government to activate this proposal,” they wrote. “We fear that a lack of adequate response to COVID-19 in our community will lead to a record number of deaths associated with New York City’s most vulnerable and even further health disparities.”

And it appears the outbreak may be growing increasingly deadly. Not only does The Bronx have the highest number of fatalities as a share of its population of any borough — its death rate is also growing the fastest, THE CITY’s analysis of city Health Department data suggests. In the Bronx, about 84% of residents are black, Latino or mixed race, Census data show, compared with 39% in Manhattan, the borough with the lowest death rate.


[..] In other large locales, demographic data has shown that low-income and black and Latino communities are being disproportionately affected: In Chicago, for example, 61 of the 86 deceased — 70% — were black, NPR affiliate WBEZ reported Sunday. Black residents make up less than one-third of Chicago’s population. In Louisiana, around 70% of the dead are black, the state’s department of health reports, while roughly 33% of the state is black. About 4-in-10 of those dead in Michigan are black, Michigan Radio reports, though 12% of the state is black.

Read more …

US death total is 12,901. Both countries reported their first case on the same day in January.

South Korea Virus Death Toll Hits 200 (Yonhap)

South Korea’s death toll from the new coronavirus has reached 200, and most virus victims are elderly patients with underlying diseases, health authorities here said Wednesday. An additional eight patients died of COVID-19 on Tuesday, bringing the country’s fatality number to 200, according to the Korea Centers for Disease Control and Prevention (KCDC). The country added 53 new cases, bring total virus cases to 10,384 as of Wednesday. The country reported its first death from the novel coronavirus on Feb. 20 and breached the 100 mark on March 22. Most of the victims have been elderly patients with underlying illnesses, such as cancer and pneumonia.


KCDC data showed the mortality rate of COVID-19 patients aged 80 or older stood at 20.43 percent as of Tuesday, compared with an average mortality rate of 1.93 percent. The mortality rate of COVID-19 patients aged 80 or older was a mere 3.7 percent on March 2 when health authorities began conducting such a tally but increased to 10 percent on March 20 and breached the 20 percent level as of Tuesday, the KCDC said. Health authorities said the fatality rate among elders is relatively high due to massive cluster cases at nursing hospitals where patients with underlying diseases, such as dementia, have been treated. “Diagnosis is relatively slower at nursing hospitals, which could lead to a higher mortality rate,” said Kim Woo-ju, an infectious disease specialist at Seoul’s Korea University Hospital.

Read more …

Big Pharma looking out for no. 1.

CDC Removes Unusual Guidance To Doctors About Chloroquines (R.)

The U.S. Centers for Disease Control and Prevention has removed from its website highly unusual guidance informing doctors on how to prescribe hydroxychloroquine and chloroquine, drugs recommended by President Donald Trump to treat the coronavirus. The move comes three days after Reuters reported that the CDC published key dosing information involving the two antimalarial drugs based on unattributed anecdotes rather than peer-reviewed science. Reuters also reported that the original guidance was crafted by the CDC after President Trump personally pressed federal regulatory and health officials to make the malaria drugs more widely available to treat the novel coronavirus, though the drugs in question had been untested for COVID-19.

Initially, the CDC webpage, titled Information for Clinicians on Therapeutic Options for Patients with COVID-19, had said: “Although optimal dosing and duration of hydroxychloroquine for treatment of COVID-19 are unknown, some U.S. clinicians have reported anecdotally” on several ways to prescribe the medication of COVID-19. Medical specialists had told Reuters they were surprised by that language. “Why would CDC be publishing anecdotes?” asked Dr. Lynn Goldman, dean of the Milken Institute School of Public Health at George Washington University. “That doesn’t make sense. This is very unusual.”

Doctors and other health experts had further criticized the guidance as suggesting that doctors might prescribe the medications when it isn’t established whether or not they are effective or harmful. Now the CDC website no longer includes that information. Instead, its first sentence says: “There are no drugs or other therapeutics approved by the US Food and Drug Administration to prevent or treat COVID-19.” The updated, and shortened, guidance adds that “Hydroxychloroquine and chloroquine are under investigation in clinical trials” for use on coronavirus patients.

Read more …

What does it take to break it?

EU Ministers Fail To Agree Virus Economic Rescue In All-Night Talks (R.)

European Union finance ministers failed to agree in all-night talks on more support for their coronavirus-hit economies and their chairman said on Wednesday morning he was suspending the discussions until Thursday. Diplomatic sources and officials said a feud between Italy and the Netherlands over what conditions should be attached to euro zone credit for governments fighting the pandemic was blocking progress on half a trillion euros worth of aid. “After 16 hours of discussions we came close to a deal but we are not there yet,” Eurogroup chairman Mario Centeno said. “I suspended the Eurogroup and (we will)continue tomorrow.”

The finance ministers, who started talks at 1430 GMT on Tuesday that lasted all night with numerous breaks to allow for bilateral negotiations, are trying to agree a package of measures to help governments, companies and individuals. They had hoped to agree on a half-trillion-euro programme to cushion the economic slump and finance recovery from the pandemic, and turn a page on divisions that have marred relations as the bloc struggles with the outbreak. But feuds emerged prominently again, one diplomatic source said: “The Italians want a reference to debt mutualisation as a possible recovery instrument to be analysed more in the future. The Dutch say ‘no’.” An official who participated in the talks said at around 0400 GMT on Wednesday The Hague was the only one refusing to endorse a text that the ministers were expected to agree on to get endorsement for a new set of economic measures from the bloc’s 27 national leaders.

German Finance Minister Olaf Scholz said on Twitter: “In this difficult hour Europe must stand together closely. Together with (French finance minister) Bruno Le Maire, I therefore call on all euro countries not to refuse to resolve these difficult financial issues and to facilitate a good compromise – for all citizens.” Issuing joint debt has been a battle line between economically ailing southern countries like Spain and Italy and the fiscally frugal north, led by Germany and the Netherlands, since the financial and euro zone crises began over a decade ago.

Read more …

Here’s thinking there will be huge changes that Kudlow has no idea about.

US Economy Will Eventually Reopen But With Big Changes: Kudlow (R.)

The Trump administration is aiming to reopen the U.S. economy when the nation’s top health experts give the go-ahead, but Americans’ lives will be drastically different, White House economic adviser Larry Kudlow said on Tuesday. Even when people in the United States return to work and school, they will likely have to stay home when they have signs of sickness, face more widespread and ongoing testing and submit to routine temperature taking, he told Politico in an interview. “We are aware that things are going to be different,” he said. “That’s going to be a new feature of American life. And I don’t know how quickly that gets up and going, but it’s going to be very, very important because we obviously want to prevent any recurrences.”


It remains unclear when the country, which remains largely shuttered amid the ongoing outbreak that has crushed the economy, will resume more normal operations as a number of states approach their potential peak number of cases amid federal guidelines to isolate until the end of April. [..] “It is the health people that are going to drive the medical decisions, here, the medical-related decisions,” Kudlow told Politico, adding that he still believes “that in the next four to eight weeks we will be able to reopen the economy and that the power of the virus will be substantially reduced and we will be able to flatten the curve.”

Read more …

I gave up counting.

Worldwide Debt Reached 322% of GDP Before COVID19 Pandemic (Sky)

Worldwide debt reached 322% of GDP last year, according to new figures which will worry governments planning post-coronavirus economic recoveries. Worldwide debt across all sectors rose by $10trn (£8trn) in 2019 to more than $255trn (£206trn), and that was before COVID-19, which forced many of the world’s governments to bail out businesses and to pay workers in an effort to help them survive the pandemic. By the end of last year, global debt stood at 322% of GDP – 40 percentage points higher than at the beginning of the 2008 financial crisis, according to the Institute of International Finance’s Global Debt Monitor.


The IIF forecast that the global debt burden would rise “dramatically” in 2020, with gross government debt issuance soaring to a record high of more than $2.1trn last month – more than double the average of $0.9trn in 2017-19. A global recession is looming, the monitor said, adding that this would begin with $87trn more of global debt than there was at the onset of the 2008 financial crisis. The news will worry world leaders as they continue to commit unprecedented financial stimulus to support their economies. Debt levels could climb to 342% of GDP by the end of this year, assuming a doubling of net government borrowing and a 3% contraction in global GDP, the monitor said.

Read more …

A good man. He’s free, he lives in Belgium. I guess maybe Ecuador literally is a banana republic?

Former Ecuador President Correa Sentenced To 8 Years For Corruption (R.)

An Ecuadorian court sentenced former president Rafael Correa on Tuesday to eight years in prison after finding him guilty of corruption charges. Correa, who was in office from 2007 to 2017, left Ecuador three years ago and now lives in Belgium. He and 19 others, including his vice president who is in prison for another corruption case, were accused of accepting $7.5 million in bribes in exchange for public contracts to finance his party’s electoral campaigns between 2012 and 2016. The court also banned Correa from participating in politics for 25 years.


The prosecution accused Correa of heading a “criminal structure” and asked for the maximum sentence. The former leader has denied the prosecution’s accusations, saying they are a political attack by current President Lenin Moreno, who Correa initially backed in 2017. “Well, this is what they were looking for: using justice to achieve what they never could at the ballot box. I am fine. I am concerned about my colleagues,” Correa said on his Twitter account.

Read more …

State sanctioned murder. Because of COVID19, Assange can’t talk to his lawyers, he can’t participate in his own trial. We can wish for Boris to die a painful COVID death, but there are a hundred just like him waiting in the wings, so it wouldn’t make any difference.

Assange’s Life In Grave Danger After 1st COVID19 Death In Belmarsh Prison (RT)

Conditions in Belmarsh prison, where Julian Assange is held, might be worse than London is willing to admit, WikiLeaks editor-in-chief Kristinn Hrafnsson told RT, adding that Covid-19 could swiftly tear through the facility. A prison environment is “like a Petri dish” for a virus, Hrafnsson explained, particularly such a highly infectious one as the novel coronavirus, which has already struck more than 1 million people around the world. The max security Belmarsh prison, where the WikiLeaks founder is being kept pending extradition to the US, has just reported its first death from the disease. According to Hrafnsson, there are other worrying signs too. “We have prison guards going in and out. A third of them at least are not showing up to work either because they have the virus or because they are in isolation.”

He also said he was sure the number of inmates who contracted Covid-19 in Belmarsh is “undoubtedly higher than reported,” since prison authorities have simply not conducted enough tests on the population to “know what is going on exactly.” The situation is particularly alarming for Assange, who was in a rather poor state of health even before the outbreak of the deadly disease, Hrafnsson added. “Assange is in very bad shape. He is a very vulnerable individual, especially to a virus like Covid-19. He has an underlying lung condition and would be considered at great risk even if living normally in society. He is in a situation when his life is in danger every day and every hour.”

The Wikileaks editor-in-chief said that British authorities are outright neglecting their duties by leaving Assange — as well as other prisoners — behind bars, given the current circumstances. Hrafnsson also slammed a British judge’s decision to carry on with Assange’s extradition hearing amid the ongoing pandemic, as though nothing has been happening. The Wikileaks founder is unable to take part in any court sessions now as he has to be moved through the infected prison each time he is about to do that, even via a video link. Assange’s lawyers also have lost all contact with their client for about three weeks at this point, since they cannot visit him prison and cannot talk to him by video chat either, the Wikileaks editor-in-chief said.

Read more …

The UK manages to sink deeper on all fronts.

Judge Refuses To Grant Julian Assange’s Partner Anonymity (Ind.)

A judge has refused to grant legal anonymity to Julian Assange’s partner after hearing claims the US had tried to obtain their children’s DNA. Representatives of the Wikileaks founder submitted evidence to Westminster Magistrates’ Court claiming that American agencies had expressed interest in testing nappies discarded when Mr Assange’s partner and children visited him at the Ecuadorian embassy. District Judge Vanessa Baraitser found that, even if the allegation were true, there was no reason to believe US agencies meant to harm his young family. She referred to the claim while rejecting the bid to anonymise Mr Assange’s partner, who the court heard wishes to live “quietly” with her young children away from publicity.

Following a submission by the Press Association news agency to the court, Judge Baraitser ruled that the woman’s right to a private family life was outweighed by the need for open justice. But the judge delayed making the woman’s identity public until 4pm on 14 April, pending a possible judicial review at the High Court. Mr Assange was previously denied bail amid concerns over the spread of coronavirus in British jails, and the application had been supported by the unnamed woman. The 48-year-old is being held on remand at HMP Belmarsh, in south-east London, ahead of an extradition hearing on 18 May. During the virtual hearing, the judge also rejected a bid to delay the hearing because of the coronavirus crisis.

Mr Assange’s barrister, Edward Fitzgerald QC, said there were “insuperable” difficulties preparing his case because of the pandemic, and requested an adjournment until September. He told the court that he had not been able to see Mr Assange in jail and could see “no viable” way his client could be present in court to hear witnesses. On Mr Assange’s mental state, he told the judge: “There are difficulties of the pandemic with the defendant himself. You are aware … he has well documented problems of clinical depression.” Mr Assange’s treatment was on hold during the lockdown and he had been unable to see his family. Mr Fitzgerald said: “In those circumstances, in his vulnerable condition, to force him to enter a full evidential hearing in May, we respectfully submit it would be unjust. We respectfully submit it would be oppressive.”

Read more …

 

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Thanks everyone for your generous donations.

 

 

 

 

 

 

One for the stay home fitness crowd:

 

 

 

 

Support the Automatic Earth in virustime. It’s good for your health.

 

Mar 242020
 


DPC City Hall subway station, New York 1904

 

Coronavirus Survived In Vacated Cruise Ship Cabins For Up To 17 Days (CNBC)
46.5% Of Diamond Princess Cruise Ship Passengers, Crew Were Asymptomatic (CNN)
Italy Has A Brief Glimpse Of Hope As New Cases Drop To A 5-Day Low (SCMP)
India Faces Spike In Coronavirus Cases – Study (R.)
Coronavirus Treatment Developed By Gilead Granted “Rare Disease” Status (IC)
Man Dies After Ingesting Chloroquine (NBC)
‘Miracle’ Malaria Drug Saved Us From Coronavirus, Claim Americans (DM)
War Couldn’t Stop Parliament, So Why Should COVID-19? (Aus.)
Ecuadoreans Print 3-D Protective Gear For COVID-19 Doctors (Telesur)
Electricity Consumption In Italy Plummets Amid Countrywide Quarantine (ZH)
China’s Propaganda Campaign in Europe (Kern)
All the Fed’s Corporate & Investor Bailout Programs and SPVs (WS)

 

 

Scariest bit today? Here it is:

 

 

Cases 391,947 (+ 46,654 from yesterday’s 345,292)

Deaths 17,138 (+ 2,213 from yesterday’s 14,925)

 

 

 

From Worldometer yesterday evening (before their day’s close)

One look at the US suffices. It was up 9,293 at 42,893. So far today another 2,434 were added, total now 46,168. Death toll yesterday was 522, now 582.

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 14% !! 2 weeks ago it was at 6%-

 

 

From SCMP:

 

 

From COVID2019Live.info:

 

 

From COVID2019.app:

 

 

 

 

Just today, March 24, two more deaths from the Diamond Princess were announced. The last crew members left the ship March 1.

Coronavirus Survived In Vacated Cruise Ship Cabins For Up To 17 Days (CNBC)

The coronavirus survived for up to 17 days aboard the Diamond Princess cruise ship, living far longer on surfaces than previous research has shown, according to new data published Monday by the Centers for Disease Control and Prevention. The study examined the Japanese and U.S. government efforts to contain the COVID-19 outbreaks on the Carnival-owned Diamond Princess ship in Japan and the Grand Princess ship in California. Passengers and crew on both ships were quarantined on board after previous guests, who didn’t have any symptoms while aboard each of the ships, tested positive for COVID-19 after landing ashore.

The virus “was identified on a variety of surfaces in cabins of both symptomatic and asymptomatic infected passengers up to 17 days after cabins were vacated on the Diamond Princess but before disinfection procedures had been conducted,” the researchers wrote, adding that the finding doesn’t necessarily mean the virus spread by surface. “COVID-19 on cruise ships poses a risk for rapid spread of disease, causing outbreaks in a vulnerable population, and aggressive efforts are required to contain spread,” the CDC wrote, reiterating its guidance to vulnerable populations to avoid cruises during the pandemic.

[..] The new study set out to determine how “transmission occurred across multiple voyages of several ships.” They noted that as of March 17, there were at least 25 cruise ship voyages with confirmed COVID-19 cases that were detected either during or after the cruise ended. Almost half, 46.5%, of the infections aboard the Diamond Princess were asymptomatic when they were tested, partially explaining the “high attack rate” of the virus among passengers and crew. [..] The researchers found that 712 of 3,711 people on the Diamond Princess, or 19.2% were infected by COVID-19.

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And why wouldn’t this be true everywhere?

Note: the -unrelated- explainer video is pretty much a must see

46.5% Of Diamond Princess Cruise Ship Passengers, Crew Were Asymptomatic (CNN)

Nearly half of the Diamond Princess cruise ship passengers and crew who tested positive for the novel coronavirus were asymptomatic at the time they were tested, according to a new report from the US Centers for Disease Control and Prevention. Of the 712 passengers and crew members of the ship who tested positive for coronavirus, 331 – or 46.5% – were asymptomatic at the time of testing, the CDC said. The agency said that the high rate of asymptomatic infections could partly explain the high rate of infection among cruise ship passengers and crew.


Traces of the virus were found “on a variety of surfaces in cabins of both symptomatic and asymptomatic infected passengers up to 17 days after cabins were vacated on the Diamond Princess but before disinfection procedures had been conducted,” the CDC said. However, the surface contamination on the ship can’t be used to determine whether transmission occurred from contaminated surfaces without further study, the CDC cautioned. As of March 13, 107, or 25%, of the 428 Americans on the Diamond Princess tested positive for coronavirus, the agency said.

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Italian newspaper La Repubblica apparently reports that infection rate in Italy is 10x higher than acknowledged. I like the tweeted response:

“That’s actually good news (if true). Death rate much lower and also means everyone has it.”

If everyone’s infected, there’s no more need for lockdowns.

Italy Has A Brief Glimpse Of Hope As New Cases Drop To A 5-Day Low (SCMP)

Italy’s number of new Covid-19 cases dropped to a five-day low on Monday, easing tension on overstretched hospitals and bringing a glimmer of hope to a nation that has lost more lives than any other country to the pandemic. In Spain, however, more people died in the last 24 hours than at any point since the coronavirus outbreak erupted in what has become Europe’s second most devastated country. Italian health authorities announced 4,789 new cases in the last 24 hours, a drop from 5,560 on Sunday and 6,557 on Saturday. It was also lower than the levels of Thursday and Friday, when the figures for confirmed cases were still rising. The number of hospitalised cases in Lombardy – the Italian region enduring the most serious outbreak – also declined for the first time since the contagion took root.


“Today is perhaps the first positive day we have had in this hard, very tough month,” said Giulio Gallera, the top health official in Lombardy, an area known as the economic engine of Italy. “It is not the time to sing victory, but we are beginning to see the light at the end of the tunnel.” The number of coronavirus cases in Italy has risen to 63,927 – compared to 81,093 in mainland China. [..] The overall death rate from the pandemic in Italy has further risen to 9.5 per cent, far exceeding the global average of 4.4 per cent. Of the confirmed cases, 3,204 were in intensive care, while 26,522 were under home quarantine.

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The US went from 409 cases two weeks ago to 46,000 now, sure to cross the 100,000 line in a few days, i.e. in under 3 weeks. This “study” claims this could take almost 2 months in India.

India Faces Spike In Coronavirus Cases – Study (R.)

India could face between around 100,000 and 1.3 million confirmed cases of the disease caused by the new coronavirus by mid-May if it continues to spread at its current pace, according to a team of scientists based mainly in the United States. The estimates reinforce concerns among some medical officials and experts in India that the country of 1.4 billion people could see coronavirus cases jump sharply in the coming weeks and put its health system under severe strain. The scientists said projections could change as the country conducts more testing, while also putting in place stricter restrictions and measures to stem the spread of the virus.

“Even with the best case scenarios, probably, you are in a very painful crisis,” said Bhramar Mukherjee, a professor of biostatistics and epidemiology at the University of Michigan who was involved in the study. The study was carried out by the COV-IND-19 Study Group of scholars and scientists looking into the threat posed by the coronavirus, and COVID-19, the disease it causes, in India. [..] India probably has only around 100,000 intensive care unit (ICU) beds and 40,000 ventilators, said Dhruva Chaudhry, president of the Indian Society of Critical Care Medicine, based on industry estimates and other data. “We can handle it if an even number (of cases) come over a period of time,” Chaudhry said. But he warned that there was not sufficient infrastructure or staff to handle a sharp spike in critical patients.

[..] So far, India has reported 471 cases of the coronavirus and 9 deaths, numbers dwarfed by countries like China, Italy and Spain, but which are nonetheless beginning to accelerate. Authorities have imposed a lockdown across large parts of the country, including in the capital city New Delhi and the financial hub of Mumbai. The original study was based on data up to March 16, but following a request from Reuters, the team updated their model using cases from Indian health authorities up to March 21.

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Yeah, this stinks. But it’s not a “coronavirus treatment”. Remdesivir is an antiviral that’s alleged to be effective against Ebola and Marburg.

Coronavirus Treatment Developed By Gilead Granted “Rare Disease” Status (IC)

This afternoon, the Food and Drug Administration granted Gilead Sciences “orphan” drug status for its antiviral drug, remdesivir. The designation allows the pharmaceutical company to profit exclusively for seven years from the product, which is one of dozens being tested as a possible treatment for Covid-19, the disease caused by the new coronavirus. Experts warn the designation, reserved for treating “rare diseases,” could block supplies of the antiviral medication from generic drug manufacturers and provide a lucrative windfall for Gilead Sciences, which maintains close ties with President Donald Trump’s task force for controlling the coronavirus crisis. Joe Grogan, who serves on the White House coronavirus task force, lobbied for Gilead from 2011 to 2017 on issues including the pricing of pharmaceuticals.

“The Orphan Drug Act is for a rare disease and this is about as an extreme opposite of a rare disease you can possibly dream up,” said James Love, the director of Knowledge Ecology International, a watchdog on pharmaceutical patent abuse. “They’re talking about potentially half the population of the United States,” said Love, adding that “it’s absurd that this would happen in the middle of an epidemic when everything is in short supply.” The 1983 Orphan Drug Act gives special inducements to pharmaceutical companies to make products that treat rare diseases. In addition to the seven-year period of market exclusivity, “orphan” status can give companies grants and tax credits of 25 percent of the clinical drug testing cost. The law is reserved for drugs that treat illnesses that affect fewer than 200,000 people in the U.S.

But a loophole allows drugs that treat more common illnesses to be classified as orphans if the designation is given before the disease reaches that threshold. As of press time, there were more than 40,000 confirmed cases of Covid-19 in the U.S, and some 366,000 worldwide. The distinction could severely limit supply of remdesivir by granting Gilead Sciences exclusive protection over the drug and complete control of its price. Other pharmaceutical firms, including India-based pharmaceutical firm Cipla, are reportedly working towards a generic form of remdesivir, but patients in the U.S. could be prevented from buying generics with lower prices now that Gilead Sciences’ drug has been designated an orphan.

The distinction could severely limit supply of remdesivir by granting Gilead Sciences exclusive protection over the drug and complete control of its price. Other pharmaceutical firms, including India-based pharmaceutical firm Cipla, are reportedly working towards a generic form of remdesivir, but patients in the U.S. could be prevented from buying generics with lower prices now that Gilead Sciences’ drug has been designated an orphan. Today, Gilead abruptly announced that it would no longer provide emergency access to remdesivir, telling the New York Times that “overwhelming demand” left it unable to process requests for the drug through its compassionate use program. Hours later, the Food and Drug Administration gave the drug orphan status. Almost immediately, Gilead’s stock price shot up.

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Okay, I’m confused. Time for Dr. John Day and other medical commentariat to chime in. This suggests the “human” version’s generic name is hydroxychloroquine, but when we started discussing it here 5 weeks ago, we were talking about chloroquine phosphate, which the article says is for fish only.

Also, we don’t read how much these people took. And the woman is critical but still does elaborate interviews?

Man Dies After Ingesting Chloroquine (NBC)

An Arizona man has died after ingesting chloroquine phosphate — believing it would protect him from becoming infected with the coronavirus. The man’s wife also ingested the substance and is under critical care. The toxic ingredient they consumed was not the medication form of chloroquine, used to treat malaria in humans. Instead, it was an ingredient listed on a parasite treatment for fish. The man’s wife told NBC News she’d watched televised briefings during which President Trump talked about the potential benefits of chloroquine. Even though no drugs are approved to prevent or treat COVID-19, the disease caused by the coronavirus, some early research suggests it may be useful as a therapy.

The name “chloroquine” resonated with the man’s wife, who asked that her name not be used to protect the family’s privacy. She’d used it previously to treat her koi fish. “I saw it sitting on the back shelf and thought, ‘Hey, isn’t that the stuff they’re talking about on TV?'” The couple — both in their 60s and potentially at higher risk for complications of the virus — decided to mix a small amount of the substance with a liquid and drink it as a way to prevent the coronavirus. “We were afraid of getting sick,” she said. Within 20 minutes, both became extremely ill, at first feeling “dizzy and hot.” “I started vomiting,” the woman told NBC News. “My husband started developing respiratory problems and wanted to hold my hand.”

She called 911. The emergency responders “were asking a lot of questions” about what they’d consumed. “I was having a hard time talking, falling down.” Shortly after he arrived at the hospital, her husband died. [..] On Monday, Banner Health, based in Arizona, said the couple took the additive called chloroquine phosphate. The couple unfortunately equated the chloroquine phosphate in their fish treatment with the medication —known by its generic name, hydroxychloroquine ..

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One coin, two sides.

‘Miracle’ Malaria Drug Saved Us From Coronavirus, Claim Americans (DM)

People across the US have come forward to call the anti-malaria drug a ‘miracle’ coronavirus treatment as New York state officials announce they will start trials with the medication on Tuesday. On Monday, New York Gov. Andrew Cuomo said the state will doctors will start trialing hydroxychloroquine this week after the number of coronavirus cases in New York City alone rose to 12,000, an increase of more than 3,000 overnight. The drug has not yet been proven as effective in battling the virus, but President Donald Trump drummed up excitement over it when he called it a ‘game changer’ last week. Dr Anthony Fauci, the White House coronavirus expert, said more work was needed before it could be heralded as a solution. But people like Rio Giardinieri, Margaret Novins and Lost star Daniel Dae Kim are praising the drug for saving their lives.

Giardinieri, who is the vice-president of a company that manufactures cooking equipment for high-end restaurants in Los Angeles, said his doctors administered the drug as a last hope for his recovery. The 52-year-old believes he contracted the virus during a conference in New York and immediately fell ill with a fever for five days, back pain, headaches, a cough and fatigue. ‘I was at the point where I was barely able to speak, and breathing was very challenging,’ he told Fox 6. He went to Joe DiMaggio Hospital in South Florida, where doctors diagnosed him with pneumonia and coronavirus. Giardinieri explained that he was placed on oxygen but he was still unable to breath. After a week, doctors told him there was nothing else they could do and on Friday evening he said goodbye to his wife and three children.

‘I really thought my end was there. I had been through nine days of solid pain and for me, the end was there, so I made some calls to say, in my own way, goodbye to my friends and family,’ he told the news site. Giardinieri said a friend then told him about the anti-malaria drug. He immediately asked a doctor to administer the medication. He then explained what came next, including the moment when he felt like his heart was beating out of his chest. ‘They had to come in, and get me calmed down, and take care of me,’ Giardinieri said. But then the next morning he says he ‘woke up like nothing ever happened’ and feeling much better. The doctors said they don’t believe Giardinieri’s episode was a reaction to the anti-malaria drug but instead was likely the virus progressing in his body. ‘To me, the drug saved my life,’ Giardinieri said.

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Keep distance everywhere except in parliament? There are pictures of UK nurses in overloaded London subway trains. Because the risk of infection at work is not high enough, I guess.

War Couldn’t Stop Parliament, So Why Should COVID-19? (Aus.)

The decision to shut down parliament until August goes against the entire underpinnings of our Westminster political democracy. The argument that it practically needs to happen is just rubbish. Parliament kept operating through both World Wars. It operated during the Great Depression and even the Spanish Influenza of 1919. In those days we didn’t have the technology nor know-how we do today to make it even easier to keep parliament open, whether from a transport or communications perspective. The same reason that well prepared private schools have seamlessly moved to online learning systems is the reason the nation’s parliament could operate — at the very least — as a virtual chamber if necessary. Or as it did this week with social distancing and limited attendance.


What message does it send culturally that parliament is apparently so irrelevant it can pack up until the second half of the year without concern? Our democracy is not about the executive running the joint without parliamentary oversight — especially in times of crisis when scrutiny and accountability become even more important. While parliament inevitably includes no small degree of buffoonery, the role of Question Time and the platform the chamber gives individual MPs to voice the concerns of their local communities is vital. As are the committee processes.

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Shouldn’t everyone be doing this? Where are governments’ purchases of 3D printers?

Ecuadoreans Print 3-D Protective Gear For COVID-19 Doctors (Telesur)

Amid the COVID-19 pandemic, Ecuador has become the second worst-hit country in the region with over 980 infected as of Monday and with the rapid spread of the virus the country now faces a severe shortage of personal protective equipment (PPE) for its health workers. Yet this grim reality became an opportunity for a group of Ecuadoreans business owners and enthusiasts of 3-D printing to join together and apply their knowledge to produce much-needed equipment for the doctors and nurses fronting the virus. “As soon as the news came, we started to think and talk about ways to help…we saw there was a need for protective gear and realized we could help,” Mateo Arcos, co-coordinator of the Hacking COVID-10 EC initiative told teleSUR.


The group began with 60 volunteers that decided to produce face shields, which are PPEs that provide over the top, side, and front face protection against splash and splatter of fluid-borne pathogens. Now the initiative has over 280 volunteers. The decision to opt for this was based on the fact many medical personel across the country were cutting off plastic bottles in order to make their own masks, crippling health workers’ ability to respond to the coronavirus pandemic. “There is a clear scarcity of it so we opted to make them, also as it was the more viable option,” Arcos added.

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Imagine the earth protecting herself from mankind by debilitating its powers to destroy her any further.

Electricity Consumption In Italy Plummets Amid Countrywide Quarantine (ZH)

Italy has gone full “Wuhan” with a massive lockdown across the country amid a virus crisis that has paralyzed its economy. So far, 63,927 confirmed cases of COVID-19 had been reported, with 6,077 deaths. The Italian economy is being dragged into a depression as the fast-spreading virus cripples its northern regions, forcing the government to ban travel and close all industrial production across the country. The impact of the virus on Italy’s economy led to the collapse of electricity consumption last week. Electricity usage fell 16% YoY for March 16-22, according to Bloomberg calculations based on Terna SpA data.

Diego Marquina, an analyst covering European power markets at BloombergNEF, noted on Monday that electricity demand in every European country has declined due to the impact of quarantine measures to mitigate the virus spread. Marquina said if declining electricity consumption is “sustained…weekday power demand would most likely fall to Sunday levels – a 10-26% reduction, depending on the country.” He estimates that power prices could drop between 6-18 EUR/MWh.

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Remeber that, as I wrote yesterday in , the leadership in all these countries failed miserably. All of them, including China.

China’s Propaganda Campaign in Europe (Kern)

Fortune magazine explained the motivation behind China’s propaganda push: “For China, the outreach to Europe is part of an effort to claw back an international leadership role after early cover-ups helped the virus spread well beyond its borders. President Xi Jinping’s government has sought to silence critics, including reporters and online commentators, and also spread conspiracy theories about where the virus originated. “Geopolitically, China’s move to brand itself as Europe’s savior aims to improve its standing on a global stage as both spar with the Trump administration. China and the U.S. have continued a wider fight for global influence — Beijing kicked out more than a dozen American journalists this week — while also seeking to deflect blame for their handling of the disease.”

On March 12, China sent to Italy a team of nine Chinese medical staff along with some 30 tons of equipment on a flight organized by the Chinese Red Cross. The head of the Italian Red Cross, Francesco Rocca, said that the shipment “revealed the power of international solidarity.” In recent days, China has also sent aid to:

• Greece, March 21. An Air China plane carrying 8 tons of medical equipment — including 550,000 surgical masks and other items such as protective equipment, glasses, gloves and shoe covers — arrived at Athens International Airport. The Chinese Ambassador to Greece, Zhang Qiyue, referred to words by Aristotle: “What is a friend? A single soul living in two bodies.” He said that “difficult times reveal true friends” and that China and Greece are “working closely together in the fight against the coronavirus.” This, he said, “confirms once again the excellent relations and friendship between the two peoples.”

• Serbia, March 21. China flew six doctors, ventilators and medical masks to Serbia to help Belgrade halt spreading of the coronavirus infection. “A big thank you to President Xi Jinping, the Chinese Communist Party and the Chinese people,” said Serbian President Aleksandar Vucic. China’s ambassador to Belgrade, Chen Bo, said the aid was a sign of the “iron friendship” between the two countries.

• Spain, March 21. The founder and president of the Chinese technology company Huawei, Ren Zhengfei, donated one million face masks. They were expected to arrive at Zaragoza Airport in northeastern Spain on March 23. The masks will be stored at a warehouse belonging to the Spanish apparel retailer Zara. From there, Zara will put its logistics network at the service of the Spanish government.

• Czech Republic, March 21. A Ukrainian cargo plane reportedly carrying 100 tons of medical supplies from China arrived at the airport in Pardubice, a city situated 100 kilometers east of Prague. On March 20, a Chinese plane carrying one million masks arrived in the Czech Republic, which reportedly ordered another 5 million respirators from China along with 30 million masks and 250,000 sets of protective clothing.

• France, March 18. China sent to France, the second-most powerful country of the European Union, a batch of medical supplies, including protective masks, surgical masks, protective suits and medical gloves. The Chinese Embassy in France tweeted: “United we will win!” The following day, China sent a second batch of supplies. The Chinese Embassy tweeted: “The Chinese people are next to the French people. Solidarity and cooperation will allow us to overcome this pandemic.”

• The Netherlands, March 18. China Eastern Airlines, China Southern Airlines and Xiamen Airlines, codeshare partners with KLM Royal Dutch Airlines, donated 20,000 masks and 50,000 gloves. The shipment arrived at Amsterdam Airport Schiphol on a Xiamen Airlines flight. “These are extremely difficult times for our country and our company, so we are very happy with this help for KLM and for the Netherlands,” KLM CEO Pieter Elbers said. “Less than two months ago, KLM made a donation to China and now we are being helped so wonderfully and generously.”

• Poland, March 18. The Chinese government pledged to send Poland tens of thousands of protective items and 10,000 coronavirus test kits. On March 13, the Chinese Embassy in Warsaw sponsored a videoconference during which experts from China and Central Europe shared their knowledge on tackling the coronavirus.

• Belgium, March 18. A Chinese cargo plane carrying 1.5 million masks landed at Liege Airport. The masks, which will be distributed to Belgium, France and Slovenia, were donated by Jack Ma, the founder of Alibaba, a Chinese ecommerce giant known as the “Amazon of China.”

• Czech Republic, March 18. A plane carrying 150,000 test kits for coronavirus landed in Prague. The Ministry of Health paid about CZK 14 million ($550,000) for 100,000 testing kits, while another 50,000 kits were paid for by the Ministry of the Interior. Transport was provided by the Ministry of Defense.

• Spain, March 17. A Chinese plane carrying 500,000 masks arrived at Zaragoza Airport. “The sun always rises after the rain,” Chinese President Xi Jinping told Spanish Prime Minister Pedro Sánchez. He said that the friendship between China and Spain will be stronger and bilateral ties will have a brighter future after the joint fight against the virus. Xi said that after the pandemic, both countries should intensify exchanges and cooperation in a wide range of fields.

• Belgium, March 16. Another shipment of medical supplies donated by the Jack Ma Foundation and Alibaba Foundation for epidemic prevention in Europe arrived at Liege Airport.

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Unlimited purchases announced and stocks tank. Is that the end of the line?

All the Fed’s Corporate & Investor Bailout Programs and SPVs (WS)

With its announcement this morning, the Fed expanded its three fundamental mechanisms in which it is once again bailing out the biggest risk takers, over-leveraged companies, hedge funds, mortgage REITs, and PE firms; wiping out cash-flows for crash-averse savers and holders of Treasury securities; and creating special opportunities for well-connected individuals who have access to the Fed’s programs. And let’s get this straight: None of the programs are going to fix the economy.

These bailout programs fall into three mechanisms:
1. Fed buys assets directly. Until this morning, this was limited to Treasury securities, agency debt, and residential MBS backed by Ginnie Mae (US government agency) and the GSEs, Freddie Mac and Fannie Mae. This morning, the Fed added agency-backed commercial mortgage-backed securities (CMBS) to the list.

2. Fed sets up special purpose vehicles (SPV) and lends to the SPVs which then buy assets or lend. These SPVs can buy assets the Fed is not allowed to buy and they can lend to entities and individuals to buy certain assets. Under the Federal Reserve Act, these SPVs require taxpayer backing from the Treasury Department to protect the Fed from losses.

3. The Fed lends to its 24 Primary Dealers against collateral, and that collateral can be anything the Fed decides, including now stocks – and in the end finally old bicycles.

The entire alphabet soup of new programs will take a while to get set up and get started. And since they won’t fix the economy and its underlying problems, they might not work as well in accomplishing their goals – making the wealthy wealthier – as they did during the Financial Crisis. So we’ll have to see how this works out.

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Oct 232019
 
 October 23, 2019  Posted by at 12:31 pm Finance, Primers Tagged with: , , , , , , , , , , ,  5 Responses »


Salvador Dali Self portrait 1921

 

On October 21 2019, Brexit became an entirely irrelevant issue. Or perhaps we should say it had already become that, but on that date it was exposed for all to see that it was. The parading into a courtroom of Julian Assange in London was all the evidence one could need that the UK government breaks its own laws as well as numerous international laws, with impunity. But that is not how the media reported on it, if it did at all.

And so, the core issue behind Brexit, i.e. who makes Britain’s laws, turned to nothing. If your government breaks its own laws all the time, what does it matter where those laws are made? They are meaningless anyway. Whether they come from Brussels or London make no difference if the government and judicial system don’t abide by them. Those million men marches for a Final Say look totally ridiculous once that reality sinks in.

I can’t get the picture of Julian Assange as he looked on Monday out of my head. I’ve written so much about him, tried so hard to find support for him, and now to see him withered away and perhaps not strong enough to see the end of his own extradition hearing is heartbreaking. So let’s go through the whole thing again; it’s not like I could write about anything else right now. I was thinking again yesterday about a song I used in an earlier article about Julian, I Fought the Law.

 

 

That is how the vast majority of people will see his case, that he fought the law and the law caught up with him. But that’s not at all what’s been happening. He doesn’t fight the law, he fights the lawless posing as the law. The only person who’s abided by the law the entire time this epic tragedy has now lasted has been Julian Assange (and his lawyers, and others who work with him, and former Ecuador president Correa). All the other players, the people who’ve been chasing, torturing and now murdering him have all broken the law consistently, one after the other, and in coordinated fashion. But they have the media on their side, and that’s how the story got turned upside down. Propaganda wins.

In 2010, Swedish police invented a rape allegation out of thin air and against the expressed wishes of the alleged victim. There’s the Swedish prosecutor who overruled his own peer who had ruled that the rape allegation was annulled and Assange was free to go the UK. Then the British prosecutor who released Assange on bail citing that fake Swedish allegation and then called him in without either country wanting to guarantee extradition to the US was off, subsequently keeping him locked in the Ecuador embassy for 7 years because of that same fake allegation without allowing him to travel to the country he’d been granted asylum in.

This was followed (after 7 years!) by the new Ecuador government that violated any and all international law by rescinding Julian’s asylum, but only after hiring a Spanish “security” company that recorded all of his -and all of his visitors’ – talks and phones etc., including client-lawyer and doctor-patient conversations that we all know are confidential -and for good reason- and up to and including Julian’s talks with his psychologist and swipes of everyone’s DNA, including his children. They even (live-) streamed all this confidential information to the CIA.

Next, the UK police arrested him inside another country’s embassy. And now he’s in a super high security prison for no apparent reason at all, after a judge (where do they find these judges in the UK, so eager to break their own laws?) said he was a risk to “abscond”. Even if that were true, how is that a reason for worse treatment than an A-level crazy terrorist, inflicted upon someone who’s never harmed a fly? And then Monday in court, a British court, it was a bunch of Americans who openly decided what should happen, as per Craig Murray who was there, and both the prosecutor and the judge complied.

 

What Assange practiced when he published “US war files” is called journalism. Which thank god is perfectly legal. Much of what those files reveal is not. What he did when he allegedly “skipped bail” in the UK is called requesting asylum. Also perfectly legal, a basic human right. He never broke a law. And that of course is why the Espionage Act was dusted off and applied to his case in a proverbial round peg/square hole fashion: they couldn’t find anything else to charge him with. And after so many laws have already been broken, what difference does one more make?

If you live in Britain and you think Brexit is a more important issue than Assange, you’re delusional. Nothing is more important to anyone in a society than a government torturing a man to death in broad daylight, a man who moreover has not broken a single law. We don’t even torture mass murderers, terrorists or child rapists to death anymore, at least not at home. But Julian Assange IS treated that way. And whether the UK will be a part of Europe or not, that is the country it has become. A lawless medieval banana republic.

 

 


 

 

 

 

Oct 142019
 
 October 14, 2019  Posted by at 8:55 am Finance Tagged with: , , , , , , , , , , , ,  7 Responses »


Martin Johnson Heade Thunderstorm on Narragansett Bay 1868

 

Syrian Army Deployed To Country’s Northeast To Counter ‘Turkish Aggression’ (RT)
Putin Says Trump Not To Blame For Lack Of Improvement In Russia-US Ties (R.)
“If The Entire System Collapses, Gold Will Be Needed To Start Over” (ZH)
Lisa Page’s ‘Quid Pro Quo’ With State Department Over Hillary Email (DM)
Johnson To Set Out Post-Brexit Law And Order Drive In Queen’s Speech (R.)
China 9-Month Exports To US Down 10.7%, Imports Fall 26.4% (R.)
Emirates President Does Not Expect To Take Any Boeing 777x In 2020 (R.)
Ecuador Repeals Law Ending Fuel Subsidies In Deal To Stop Protests (BBC)
Catalonia Leaders Jailed For Between 9 And 13 Years By Spanish Court (BBC)

 

 

Now we can wait for US media suggesting Trump left Syria so Putin could move in.

Syrian Army Deployed To Country’s Northeast To Counter ‘Turkish Aggression’ (RT)

Syrian government troops have reportedly entered Tell Tamer, a town in the middle of Kurdish-controlled part of the country, amid a continued Turkish offensive against Kurdish militias. Troops of the Syrian Arab Army have entered the town on Monday, according to the news agency SANA. Tell Tamer is a relatively small town, but it’s located on an intersection of several major roads and has strategic importance. Earlier the government troops were reported entering Al-Thawrah, a city in the Raqqa governorate located on the Euphrates River and famous for its proximity to a major dam. The relocation of Syrian troops comes as Kurdish militias in northeastern Syria face an incursion from neighboring Turkey.

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See? He’s Putin’s lapdog.

Putin Says Trump Not To Blame For Lack Of Improvement In Russia-US Ties (R.)

Moscow is not blaming U.S. President Donald Trump for failing to improve U.S.-Russian relations, a pledge he had made during his election campaign, Russian President Vladimir Putin said in an interview with Arab broadcasters. “We know that, including during his previous election campaign, he spoke in favor of a normalization (of U.S.-Russia relations), but unfortunately it has not happened yet,” Putin told Al Arabiya, Sky News Arabia and RT Arabic. “But we have no claims because we see what’s going on in U.S. domestic politics,” he said, according to a transcript published on the Kremlin’s website on Sunday.


Putin said the “internal political agenda” was not allowing Trump to take steps aimed at a drastic improvement of bilateral relations, adding Moscow would in any case work with any U.S. administration to the extent that Washington itself wants. Putin also said Russia had weapons that neutralize any threat from NATO’s missile deployments in Poland and Romania. “This obviously poses a threat to us because it’s an attempt to level out our strategic nuclear potential. It’s bound to fail, this attempt, it’s already obvious,” he said.

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A: There’s only one central bank in Europe. B: A lot of Dutch gold is in London and the US.

“If The Entire System Collapses, Gold Will Be Needed To Start Over” (ZH)

An article published by the De Nederlandsche Bank (DNB), or Dutch Central Bank, has shocked many with its claim that “if the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security.” [..] The article, titled “DNB’s Gold Stock” states: “A bar of gold retains its value, even in times of crisis. This makes it the opposite of “shares, bonds and other securities” all of which have inherent risk and prices can go down. According to the IMF’s latest data, the DNB holds 615 tons (15,000 bars) of gold mainly in Amsterdam, with other stores in the U.K. and North America; the value of this gold reserve is over €6 billion ($6.62 billion).


Calling gold the “trust anchor,” the article details briefly why the hard asset is so important to wealth building and the global economy, claiming: “Gold is… the trust anchor for the financial system. If the whole system collapses, the gold stock provides a collateral to start over. Gold gives confidence in the power of the central bank’s balance sheet.” Why this sudden admission of what goldbugs have been saying for years? Perhaps it has to do with the fact that on October 7, the bank announced it would soon be moving a large part of its gold reserves to “the new DNB Cash Center at military premises in Zeist.” Almost as if the Netherlands is preparing for the grand reset, and is moving its most valuable asset to a “military” installation just for that purpose.

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These people really thought they were running the country.

Lisa Page’s ‘Quid Pro Quo’ With State Department Over Hillary Email (DM)

An FBI employee who texted with her in-house lover about blocking Donald Trump’s presidential ambitions wrote in 2016 of a ‘quid pro quo’ with the State Department to hide the fact that an email found on Hillary Clinton’s home-brew email server was considered classified. Lisa Page fretted in the closing days of the presidential campaign about a pending Freedom of Information Act disclosure of a discussion between top State and Justice Department officials about the potential trade. Under the arrangement, the State Department would have given the FBI more legal attachés for its overseas division in exchange for altering the basis for keeping one of the Clinton emails from the public.


At the time, the email in question was exempt from FOIA requests because it was classified – a fact that was ultimately made public. The FBI had asked the State Department to ‘change the basis of the FOIA withhold [decision] … from classified to something else.’ The plot was never consummated. But Page, an FBI lawyer, was worried enough about it at the time to alert her colleagues that other employees had told investigators about it. One of those colleagues was Peter Strzok, the married FBI agent she was having an affair with.

The email came to light on Monday as part of a raft of material released by Judicial Watch, a conservative government transparency group whose standard practice is to sue government agencies that slow-walk the disclosure of public records. Page and Strzok became poster children in 2017 for conservatives’ claims that the Burean was biased against Trump and took actions to tilt the election in Clinton’s favor despite the national security threats posed by classified material found on her unsecured private email server.

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“What we’ve got in effect is a party political broadcast from the steps of the throne.”

Johnson To Set Out Post-Brexit Law And Order Drive In Queen’s Speech (R.)

Queen Elizabeth will on Monday announce several new pieces of legislation to reform Britain’s justice system, in a ceremonial speech setting out Prime Minister Boris Johnson’s post-Brexit plans. The so-called Queen’s Speech is the highlight of a day of elaborate pageantry in Westminster and is used to detail all the bills the government wants to enact in the coming year. It is written for the 93-year old monarch by the government. But, with Brexit unresolved, and any plans beyond even the next seven days likely subject to an unpredictable election, rival parties said Johnson was misusing the politically-neutral Queen for political gain.

The speech will lay out 22 new bills – pieces of proposed legislation – including several covering tougher treatment for foreign criminals and sex offenders, and new protection for victims of domestic abuse. “Keeping people safe is the most important role of any government, and as the party of law and order it is the Conservatives who are cracking down on crime and better protecting society,” a statement from Johnson’s office setting out some details of the speech said. It will almost certainly include a section on a law to enact a Brexit deal. But, while any deal is still in the balance, new details are unlikely. The speech will also touch on election campaign issues like the health service and living standards.


“Having the Queen’s Speech and the State Opening of Parliament tomorrow is ludicrous, utterly ludicrous,” Corbyn said in a Sky News interview broadcast on Sunday. “What we’ve got in effect is a party political broadcast from the steps of the throne.”

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Think it’s all the trade war?

China 9-Month Exports To US Down 10.7%, Imports Fall 26.4% (R.)

China’s exports to the United States fell 10.7% from a year earlier in dollar terms in January-September, while U.S. imports dropped 26.4% during that period, a Chinese customs spokesman said on Monday. Trade frictions with the United States have led to some pressure on Chinese trade, although the latest Sino-U.S. trade talks have yielded favorable outcomes in some areas, customs spokesman Li Kuiwen told reporters.

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Boeing has a lot of problems.

Emirates President Does Not Expect To Take Any Boeing 777x In 2020 (R.)

Emirates doubts it will receive any of the 115 Boeing 777-9s it has ordered next year, its president said on Monday, as the U.S. planemaker grapples with challenges in building the jet. Emirates, a launch customer of the world’s biggest twin engined jet, was to receive its first 777-9 in 2020 but the manufacturer has suspended load testing of the plane. “… By the end of next year we were to have eight of them. Now it doesn’t look like we will have any,” Tim Clark said at a conference in Dubai. Boeing suspended load testing of the new widebody in September when media reports said a cargo door failed a ground stress test.


There have also been issues with General Electric’s new GE9X turbine engine that will power the jet. Boeing has said it expects to hold the initial flight test in 2020 and is aiming for the 777X to enter commercial service in the same year. Clark said he had told Boeing he insists on a 13 to 16 month test period for the new jet. Emirates ordered 150 777X jets, including 777-8 variants, in 2013. It later placed a preliminary order for 40 Boeing 787 Dreamliner jets in 2017, which Clark said he still saw a place for in the airline’s fleet plans. Boeing has also been unable to deliver any of its 737 MAX aircraft since the single-aisle plane was grounded worldwide in March…

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Are they going to let Moreno stay in power?

Ecuador Repeals Law Ending Fuel Subsidies In Deal To Stop Protests (BBC)

Ecuador’s government has agreed to restore fuel subsidies in a deal with indigenous leaders to end mass protests that have brought the capital, Quito, to a standstill, the UN says. It came after the two sides held talks brokered by the UN and the Roman Catholic Church. The talks, which were broadcast live on state television, came after nearly two weeks of violent demonstrations. President Lenín Moreno had imposed a curfew enforced by the military. The announcement after Sunday’s meeting sparked late night celebrations in Quito. Fireworks were set off and car drivers honked their horns. A joint statement said the government had withdrawn an order removing the fuel subsidies. “With this agreement, the mobilisations… across Ecuador are terminated and we commit ourselves to restoring peace in the country,” it said.

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Europe, 2019.

Catalonia Leaders Jailed For Between 9 And 13 Years By Spanish Court (BBC)

Spain’s Supreme Court has sentenced nine Catalan separatist leaders to between nine and 13 years in prison for sedition over their role in an independence referendum in 2017. Three other defendants were found guilty of disobedience but will not serve prison sentences. The 12 politicians and activists had all denied the charges. Separatists in Catalonia were planning mass civil disobedience ahead of the verdict. The prosecution had sought up to 25 years in prison for Oriol Junqueras, the former vice-president of Catalonia and the highest-ranking pro-independence leader on trial.

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It’s time for much larger crowds.

 

 

 

 

Oct 132019
 
 October 13, 2019  Posted by at 9:25 am Finance Tagged with: , , , , , , , ,  5 Responses »


Paul Gauguin Huts under trees 1887

 

All Foreign Forces Should Leave Syria, Including Russia – Putin (RT)
Domestic Politics, Idlib Sway Timing Of Turkey’s Syrian Operation (AlM)
Army Deployed In Ecuador As Protests Descend Into Violence (G.)
Ecuador Indigenous Group Says Will Continue Protests After Curfew Imposed (R.)
Johnson Will Speak To EU Leaders On Brexit Deal By End Of Monday (R>)
Labour Will Stop No-Deal Brexit ‘Whatever It Takes’ – Starmer (G.)
The Beginning of the End (Sven Henrich)
White House Accidentally Sends Ukraine Talking Points To Democrats Again (Hill)

 

 

Number of things on Turkey’s attack on Syria. First, Putin is right. Let Syrians return and let them be safe at home. Would solve many problems in one go.

All Foreign Forces Should Leave Syria, Including Russia – Putin (RT)

The territorial integrity of Syria must be fully restored and all foreign forces should withdraw, including Russia if Damascus decides it doesn’t need Moscow’s help anymore, according to President Vladimir Putin. “All the forces deployed illegitimately inside any sovereign state – in this case Syria – must leave,” Putin said in a joint interview with RT Arabic, UAE-based Sky News Arabia, and Saudi Arabia’s Al-Arabiya broadcasters. This is true for everyone. If Syria’s new legitimate government chooses to say that they have no more need for Russia’s military presence, this will be just as true for Russia. Meanwhile, Moscow’s stance on the settlement in Syria remains unchanged and was already relayed to its partners Iran, Turkey and the US, the president noted.


“Syria must be free from other states’ military presence. And the territorial integrity of the Syrian Arab Republic must be completely restored.” Earlier this month, US President Donald Trump announced the withdrawal of US troops from border areas in northeastern Syria, saying it was time to “get out of ridiculous endless wars.” Unlike the Russian military, which arrived in the country at an invitation of the government in Damascus, US forces have been in Syria illegally since 2016. The Syrian government has repeatedly blasted the American military presence as a violation of its sovereignty. Putin was also asked about Moscow’s attitude towards NATO’s eastward expansion and buildup near Russian borders. “We are not happy about it… and voiced our concerns,” he replied.

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Then some background from Al Monitor on 3.6 million Syrian refugees in Turkey. The west doesn’t do anything to solve the situation, apart from some money now and then. But it was the west that caused the problems with its attacks on Syria, Lybia etc.

Domestic Politics, Idlib Sway Timing Of Turkey’s Syrian Operation (AlM)

Ankara is greatly concerned over the prospect of a new refugee influx from Idlib that would further entangle Turkey’s Syrian refugee problem. President Recep Tayyip Erdogan had warned in September that Turkey cannot tolerate another refugee wave atop the 3.6 million Syrians it is already hosting. Besides putting strains on Turkey’s financial resources and social stamina, the Syrian refugee problem has proved increasingly costly for the AKP in terms of domestic politics. It is no coincidence that since the party’s rout in the June 23 rerun in Istanbul, government spokesmen have constantly touted the safe zone plan inside Syria as a way to expedite the return of Syrian refugees.

Across Turkey and in big cities in particular, most of the Syrian refugees live in close proximity to AKP voters, either in the same neighborhoods or adjoining ones. Under the impact of the economic crisis, tensions between locals and refugees have grown, contributing to a gradual disenchantment with the government among AKP voters. In Istanbul — the heartbeat, the spirit and the mirror of the country — 73% of some 479,000 registered Syrians live in districts where local administrations are controlled by the AKP. Out of the 10 districts with the largest refugee numbers, seven are held by the AKP. Similarly, eight of the 10 districts with the biggest refugee populations in proportion to the locals are run by the AKP.


While announcing the launch of Operation Peace Spring, Erdogan said the campaign would “lead to the establishment of a safe zone, facilitating the return of Syrian refugees to their homes.” The political motive underlying this pledge rests on the fact that the Syrian refugee problem is becoming unbearable for the government. If the campaign progresses as planned, leading the Turkish military and its Syrian allies to take control of a border stretch running 30 kilometers (19 miles) deep to the east of the Euphrates, the Syrians who could be forced to flee Idlib in the near future could perhaps be placed in tent cities in this “security belt” without being let into Turkey at all and instead transferred via Afrin and al-Bab, which are already under Turkish control.

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However, when it comes to Ecuador, the Guardian has an entirely different point of view. Not surprising, since they sided with Moreno against Assange. But my Twitter feed is full of videos of extreme Ecuador police and army violence against their own people, snipers on rooftops, the works. Looks just like the Turkish-led assault on Kurds. The Guardian, though, suggests in this case the protesters are violent.

Army Deployed In Ecuador As Protests Descend Into Violence (G.)

President Lenín Moreno ordered the army on to the streets of Ecuador’s capital Quito after a week and a half of protests over fuel prices devolved into violent incidents, with masked protesters attacking a television station, newspaper and the national auditor’s office. Moreno said the military enforced curfew would begin at 3pm local time in response to violence in areas previously untouched by the protests. Masked protesters broke into the national auditor’s office and set it ablaze, sending black smoke billowing across the central Quito park and cultural complex that have been the epicentre of the protests.

Later, several dozen masked men swarmed the offices of the private Teleamazonas television station, set fires on the grounds and tried to break into the building where about 20 employees were trapped. “They’re trying to enter the station, trying to break down the doors, we’re asking for help but the police aren’t coming,” one employee told the Associated Press. A journalist with the newspaper El Comercio told the AP that the paper’s offices were also under attack. The building’s security guards were seized and tied up and attackers were trying to break into offices where journalists were hiding.


Moreno appeared on national television alongside his vice-president and defence minister to announce that he was ordering people indoors and sending the army on to the streets. He blamed the violence on drug traffickers, organised crime and followers of former president Rafael Correa, who has denied allegations that he is trying to topple Moreno’s government.

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Moreno has turned into a right-wing US backed dictator, that much is clear. Guess we’ll never know what they have on him that made him turn 180º.

Ecuador Indigenous Group Says Will Continue Protests After Curfew Imposed (R.)

Ecuadorean indigenous group Conaie said late on Saturday that it would continue anti-austerity protests after President Lenin Moreno imposed a military-enforced curfew in the capital Quito and the armed forces said they would restrict movement across the country. The group suggested that its decision earlier in the day to hold direct talks with Moreno about a decree that cut fuel subsidies might be at risk by the military crackdown. Conaie has led protests against the law but has rejected vandalism that swept Quito on Saturday. “There’s no real dialogue without guarantees for the safety of indigenous leaders,” Conaie said in a statement on Twitter.


“We’ll carry out approaches to try to repeal the decree,” it added, “but we will hold protest actions nationally..exhorting the government to provide necessary guarantees.” It did not specify when it would hold protests or if it would do so in defiance of the curfew. Moreno did not say when the curfew in Quito would end.

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Was Boris only now advised about violence?

Johnson Will Speak To EU Leaders On Brexit Deal By End Of Monday (R>)

British Prime Minister Boris Johnson will speak to German Chancellor Angela Merkel, French President Emmanuel Macron and European Commission President Jean-Claude Juncker by the end of Monday to urge the leaders to support his Brexit deal, the Sunday Times reported. Johnson will offer the three leaders the option to either help him deliver a new deal this week, or to agree on a friendly version of a no-deal Brexit by Oct. 31, the newspaper said, citing a source familiar with the conversations. “He’ll be talking to Merkel, Macron and Juncker by the end of Monday to see if there’s agreement on a ‘landing zone’ for Northern Ireland and customs,” the source was quoted as telling the newspaper.


“The alternative is to agree a friendly version of no deal and finish it that way.” Security chiefs have convinced Johnson that a no-deal Brexit will heighten the danger of extremist attacks in Northern Ireland and on the mainland, along with sectarian violence in cities such as Glasgow, according to the report. As a result, the British prime minister desperately wants a Brexit deal, the Sunday Times reported. “Any one of these risks we could cope with, but taken collectively they would be a massive challenge to the UK state and no one would choose to go down that route,” Johnson told a senior Conservative in a private conversation, according to the newspaper.

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is it election time already?

Labour Will Stop No-Deal Brexit ‘Whatever It Takes’ – Starmer (G.)

Labour will take action in the courts to prevent Boris Johnson from pushing through a no-deal Brexit against the will of parliament, Keir Starmer has pledged. The shadow Brexit secretary said that if the prime minister is unable to reach an agreement with Brussels by 31 October, he must comply with the Benn act and seek a further delay. In a speech at the Co-operative party conference in Glasgow, Starmer said: “If he can’t – or I should say won’t – get a deal we will take whatever steps are necessary to prevent our country crashing out of the EU without a deal. “If no deal is secured by this time next week, Boris Johnson must seek and accept an extension. That’s the law. No ifs, no buts. And if he doesn’t, we’ll enforce the law – in the courts and in parliament. Whatever it takes, we will prevent a no-deal Brexit.”


Starmer dismissed suggestions that the prime minister could circumvent the law by accompanying a request for an extension with a second letter to the EU saying he did not want one. “That’s the equivalent of attaching a Post-it note to divorce papers saying ‘only kidding’ – It’s a ridiculous idea,” he said. Officials are continuing talks in Brussels over the weekend after the EU’s chief negotiator, Michel Barnier, gave the go-ahead on Friday for intensive negotiations to start. Starmer said that if the prime minister succeeded in getting an agreement, Labour would demand it was put to the public in a referendum.

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“And really Fed? You are throwing this $60B a month announcement out on a Friday with the $DJIA already up 350 points?”

The Beginning of the End (Sven Henrich)

They sure are trying their best. To do what? To goose markets higher. It’s been quite the spectacle all year, but this Friday sure took the cake. The entire week had been a giant jerk fest of sudden rips and dips as headline chasing algos were ripping through support and resistance levels unleashed like fat kids at the candy shop. But this Friday was something else, almost designed to have markets overdose on an insulin spike. Ever more hyped up on an impending China deal, every meeting, and movement of negotiators caused market spikes, a Trump tweet about “warm feelings”, a $82.7B repo operation by the Fed to keep things tidy, a sudden out of the blue $60B/month Treasury buying operation announced by the Fed, multiple Fed speakers to boot, what a scene.

And really Fed? You are throwing this $60B a month announcement out on a Friday with the $DJIA already up 350 points? What are you thinking here? The Fed knows this kind of announcement juices up markets. The Fed sheepishly claims it’s not QE. Oh piss off already. Expanding the balance sheet by $60B a month is a massive intervention any way you cut it or slice it. How big? Do the math. $60B per month is a run rate of $720B a year. And while they claim they’ll stop it in Q2 next year who really believe anything they say? Did you believe QT was on autopilot last year? Lol. Fool me once.


You know what else is $720B a year or $60B a month? The ENTIRE US MILITARY BUDGET. The largest military budget on the planet. Millions under arms, submarines, aircraft carriers, nuclear arsenal, bombers, fighter jets, military bases across the globe, satellites, drones, laser guided missiles, you name it. All of it runs at $60B per month. So lest everyone is blind to numbers these days as everything is so monstrous our eyes glaze over I trust this comparison highlights how massive the Fed’s announcement was on Friday. But not QE. Right. Believe it if you so choose.

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Accidental? You sure?

White House Accidentally Sends Ukraine Talking Points To Democrats Again (Hill)

The White House accidentally sent Democrats a list of talking points related to ex-Ukraine Ambassador Marie Yovanovitch’s Friday House deposition, two sources with knowledge of the email told The Hill, the second time in a month the administration has sent its Ukraine talking points to Democrats. The email included guidance for Republicans seeking to defend the president from potentially damaging witness testimony from an ambassador who was removed from her post in May under controversial circumstances. In copies of the guidance shared with The Hill, the White House encouraged Republicans to adopt a series of messages designed to turn the tables back on Democrats, including attacks on House Intelligence Committee Chairman Adam Schiff’s (D-Calif.) handling of the investigation.

Yovanovitch told House lawmakers that she was removed after “a concerted campaign” against her from President Trump and his allies. She also said in her opening statement that the State Department had “been under pressure from the president to remove me since the summer of 2018.” Yovanovitch’s ouster came two months before Trump’s July 25 phone call with the Ukrainian president — now at the center of Democrats’ impeachment inquiry — in which Trump asked Kiev to open an investigation into former Vice President Joe Biden, a leading 2020 presidential candidate. “We are not concerned with any information Yovanovitch might share, because the President did nothing wrong,” the White House email meant for Republicans said.


“But we are concerned that Schiff is putting her in a precarious position by having her testify in secret without State Department lawyers be present.” “It raises serious questions about why Schiff is willing to put career officials in such risky situations while bullying them with legally unfounded threats of obstruction charges,” the email continued. It added that Schiff “is willing to ride roughshod over fair process and to use career officials to further a baseless political objective.” The email marks the second time the White House has unintentionally sent talking points to Democrats in recent weeks, after an administration official inadvertently emailed them suggested rhetoric defending the July 25 phone call.

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Oct 082019
 


Paul Gauguin Breton woman and goose by the water 1888

 

Trump Appears to Reverse Syria Decision (USNews)
Trump Vows To OBLITERATE Turkish Economy If It Does ‘Anything Off Limits’ (RT)
Joe, Hunter Biden Could Be Forced To Testify In Senate Impeachment Trial (WT)
A Hard Rain (Jim Kunstler)
US Federal Deficit Estimated At $984 Billion, Highest In Seven Years (Hill)
US Blacklists China Organisations Over Xinjiang ‘Uighur Abuse’ (BBC)
Court Rejects Latest Request To Force PM To Ask For Brexit Extension (G.)
Irish Border Is A Matter Of Life And Death, Not Technology (Fintan O’Toole)
Convicted Pedophile Gary Glitter To Earn Big From ‘Joker’ Movie (CNBC)
Twitter, Facebook Could Face Billions In Fines After Ireland Probes (CNBC)
Ecuadorians Revolt Against Moreno’s IMF-Imposed Neoliberal Policies (GZ)
Russian, US Visitors Targets For Spanish Firm That Spied On Assange (El Pais)

 

 

Less war? Condemnation on all sides of all aisles.

Trump Appears to Reverse Syria Decision (USNews)

A senior administration official on an organized call with reporters appeared to contradict President Donald Trump about Syria policy late Monday, refuting interpretations of his statements from earlier in the day that prompted broad outrage from supporters and opponents alike. The U.S. is not removing its forces from Syria in the face of a Turkish incursion, said the official, speaking on the condition of anonymity. Rather, the president ordered roughly 50 special operations troops in northern Syria to relocate to a different part of the country after he learned that Turkey has planned an offensive against U.S.-backed Kurdish forces in Syria. The official said that offensive had not yet begun.

The latest assertion, however, appears to conflict with a flurry of tweets the president issued Monday, further explaining a White House statement late Sunday that first announced the withdrawal, but offered few details. “It is time for us to get out of these ridiculous Endless Wars, many of them tribal, and bring our soldiers home,” Trump wrote in one tweet. The idea of the U.S. withdrawing any of its roughly 1,000 troops still in Syria – even just from the front lines where they operate with Kurdish allies – prompted widespread outrage on Capitol Hill, including from some of the president’s staunchest allies like Sen. Lindsay Graham and Senate Majority Leader Mitch McConnell. They feared that the decision amounted to abandoning the Kurds, who have been instrumental in defeating the Islamic State group, but which Turkey has labeled as terrorists and vowed to attack.

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Pleasing Erdogan is never a good idea.

Trump Vows To OBLITERATE Turkish Economy If It Does ‘Anything Off Limits’ (RT)

In a fairly blunt warning to the NATO ally, US President Donald Trump vowed to “obliterate” the Turkish economy if he thinks it’s stepped out of line in Syria. He then told Ankara to “watch over” ISIS fighters in the US’ absence. “If Turkey does anything that I, in my great and unmatched wisdom, consider to be off limits, I will totally destroy and obliterate the Economy of Turkey (I’ve done before!)” the president threatened via tweet on Monday – an odd turn of phrase for what otherwise seemed like a dire warning to a supposed ally. Trump called for Turkey to join “Europe and others” in “watch[ing] over the captured ISIS [Islamic State] fighters and families” just hours after announcing the US would finally pull out of northern Syria on Monday.


The announcement triggered howls of fury from hawks in Congress and the media, as well as sudden experts in Middle Eastern politics who cried that leaving Syria would abandon the Kurds to be torn apart by Turkey. The Pentagon “does not endorse a Turkish operation in Northern Syria,” a Pentagon statement issued on Monday clarified, stating “the US Armed Forces will not support, or be involved in any such operation.” While Turkey considers the Kurdish YPG militia an extension of the banned terrorist group PKK, the US has been arming and protecting the Kurds for years – and, as Trump pointed out in his earlier announcement, paying them “massive amounts of money and equipment.”

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Ukraine as Pandora’s box.

Joe, Hunter Biden Could Be Forced To Testify In Senate Impeachment Trial (WT)

Former Vice President Joseph R. Biden and his son Hunter could be forced to testify if the Senate ends up holding an impeachment trial of President Trump, say congressional aides who questioned whether Democrats have thought through the full implications of their impeachment drive. Not only could Mr. Biden be forced to be in D.C. at a critical moment in the presidential campaign, but so could many of his chief rivals — the half-dozen senators also vying for Democrats’ presidential nomination, impeachment experts said.


For that matter, if the House chooses to impeach Mr. Trump on charges stemming from the special counsel’s Russia investigation, aides said it could open the door to witnesses such as fired FBI Agent Peter Strzok or even major figures from the Obama administration. Mr. Trump could even be present for the entire spectacle. Experts said the Senate would have a hard time refusing him if he demanded to confront the witnesses against him.

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A lifelong liberal has had his fill.

A Hard Rain (Jim Kunstler)

A lot of readers (some of them former readers now) have been angrily twanging me by email for writing about the three-year Resistance effort to un-do the 2016 election. I did not vote for Mr. Trump (or Mrs. Clinton) but I resent the coup mounted to overthrow him. I object to the bad faith and dishonesty of the Resistance. I object to the criminal misconduct among the federal bureaucracy, and the mendacity of its partners in the news media, and the hysteria they continue to generate — at the expense of other matters that concern our future. The political disorder spooling out is the political expression of the long emergency that the nation faces as it finally encounters the limits to growth we were warned about decades ago.

The techno-industrial phase of history is ending, and we are left only with inadequate fantasies for coming to terms with it and moving forward. The dynamic relationship between affordable energy supplies and the operations of money roils at the core of this predicament. They are undoing each other and the result will be a contraction of human activity. The big question we refuse to face is how to cope with contraction. Beyond the ongoing orchestrated coup stands a reality-optional political Left consumed by serial hysterias, uninterested in truth, steeped in social despotism, and apparently willing to do anything to gain power. We should be very concerned with what they intend to do with that power.


As they attempt to redistribute wealth, they will make the unhappy discovery that the wealth itself is subject to the wholesale contraction underway. The overvalued “assets” representing “money” hoarded by the “wealthy” will turn out to be figments of a runaway debt crisis. We have already debased the operations of banking, and the tokens that banks issue — currencies and securities — levitate over an abyss. We already have plenty of evidence for what the Left will do to the principle of political liberty. Their shibboleths of “diversity” and “inclusion” really mean shutting down free speech and telling everybody how to think. They are less interested in “social justice” than in plain coercion, the pleasure they take in pushing people around. What’s worse is that they want to use government as the instrument for enforcing their will.

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Who’s counting anymore? The US will end up with only the rich and the desolate.

US Federal Deficit Estimated At $984 Billion, Highest In Seven Years (Hill)

The federal budget deficit for 2019 is estimated at $984 billion, a hefty 4.7 percent of GDP and the highest since 2012, the Congressional Budget Office (CBO) said on Monday. The difference between federal spending and revenue has only ever exceeded $1 trillion four times, in the period immediately following the global financial crisis. The deficit, which has grown every year since 2015, is $205 billion higher than it was in 2018, a jump of 26 percent. The CBO has warned that the nation’s debt is on an unsustainable path. Higher levels of debt increase borrowing costs, make it harder for the government to battle economic downturns and increase the share of future spending devoted to paying off interest costs.


Since President Trump took office, the GOP has passed a massive tax cut package that reduced revenue, while Democrats and Republicans have agreed to increase spending year after year. Budget watchers note that the main drivers of the deficit, however, come from automatic spending programs such as Social Security, Medicare and Medicaid. “Democrats and Republicans must be held responsible for the outrageous deficit reported today by the CBO,” said Jason Pye, vice president of legislative affairs at the conservative advocacy group FreedomWorks. “This unsustainable situation is only going to get worse,” he added.

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Always fun to see the US accuse others of its own signature practices.

US Blacklists China Organisations Over Xinjiang ‘Uighur Abuse’ (BBC)

The US has blacklisted 28 Chinese organisations for their alleged involvement in abuses against ethnic Uighurs in China’s Xinjiang province. The organisations are now on the so-called Entity List, which bars them from buying products from US companies without approval from Washington. The 28 targets include both government agencies and technology companies specialising in surveillance equipment. It is not the first time the US has put Chinese groups under a trade ban. In May, the Trump administration added telecommunications giant Huawei to the Entity List because of security fears over its products.


A Commerce Department filing said the organisations are “implicated in human rights violations and abuses”. Rights groups say Beijing is severely persecuting the mostly Muslim Uighurs in detention camps. China calls these “vocational training centres” to combat extremism. The Commerce Department said in its decision on Monday that these 28 entities are implicated in “China’s campaign of repression, mass arbitrary detention, and high-technology surveillance against Uighurs, Kazakhs, and other members of Muslim minority groups.” Xinjiang province’s Public Security Bureau is on the list, along with 19 other smaller government agencies.

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But ties him down in the process. The Court also has the power to write the extension request for the PM.

Court Rejects Latest Request To Force PM To Ask For Brexit Extension (G.)

Anti-Brexit campaigners have failed in an attempt to force Boris Johnson to ask for an extension to article 50 if he is unable to get a Brexit deal through parliament. Lord Pentland, sitting in the court of session in Edinburgh, rejected their request for a court order instructing the prime minister to seek an extension if he cannot get a deal passed by the Commons this month. Pentland said he had to take at face value pledges made by the UK government on Friday that Johnson would write the letter seeking an extension on 19 October as required under the so-called Benn act. Pentland said those assurances were unequivocal.


“I approach matters on the basis that it would be destructive of one of the core principles of constitutional propriety and of the mutual trust that is the bedrock of the relationship between the court and the crown for the prime minister or the government to renege on what they have assured the court that the prime minister intends to do,” the judge ruled. [..] Anti-Brexit campaigners are expected to appeal against the decision on Tuesday, when they will ask another Scottish court to write the article 50 extension letter if Johnson fails to do so. The campaigners – Dale Vince, a green energy entrepreneur, Jolyon Maugham QC, an anti-Brexit campaigner, and Joanna Cherry QC, a Scottish National party MP – want the inner house of the court of session to use its unique nobile officium powers to act on Johnson’s behalf. Those powers allow the court of session to take action in a situation where a remedy is needed, but this case is seen as highly unusual.

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“Essentially a technical discussion of the exact nature of future customs checks.”

Irish Border Is A Matter Of Life And Death, Not Technology (Fintan O’Toole)

Spaff some money on some geeks.” According to Chris Cook’s excellent account of Theresa May’s Brexit negotiations with Brussels, that was the instruction issued to the civil service by May’s enforcer Fiona Hill in late 2016. It had finally dawned on the British government that it had committed itself to two incompatible things. One was that under no circumstances would there be a return to a hard border between the UK and the Republic of Ireland. The other was that all of the UK was going to leave the EU’s customs union. May faced exactly the same problem that her successor Boris Johnson is struggling with: you can do one or other of these things but you cannot do both. If Northern Ireland leaves the customs union, there will be border controls.

And so May tried to do what Johnson is still proposing: throw money at nerds and hope that they can somehow transform a political problem into a technical issue. The old (superbly condescending) joke was that whenever the Irish question was about to be solved, the Irish would change the question. But the British government has been trying to solve the riddle of Brexit’s Irish question not just by changing the question, but by changing the entire conceptual framework. It has to be removed from a discourse of history and geography and memory and translated into the languages of technology and managerialism. That is how Johnson sought to define the problem in his speech to the Tory party conference last week: “Essentially a technical discussion of the exact nature of future customs checks.”


Previously, of course, he suggested that crossing the Irish border was similar to going from one borough of London to another, and that any problem it creates could be solved with the same technology used to operate the city’s congestion charge. This is a way of minimising and dismissing an inconvenient truth. But it also goes to the heart of the complete failure of Johnson’s proposals for a replacement of the backstop designed to keep the border invisible. Everybody in Ireland, north and south, knows that there are many technical questions thrown up by Brexit. But nobody – not even Johnson’s DUP allies – really believes that what Brexit does to John Bull’s Other Island is a matter for a “technical discussion”. In Ireland, it’s about lives – and deaths.

Read more …

Every single sports stadium in the US has played Rock and Roll Part 2 all the time for decades. He should be filthy rich already.

Convicted Pedophile Gary Glitter To Earn Big From ‘Joker’ Movie (CNBC)

The contentious inclusion of a song by convicted pedophile Gary Glitter in “Joker” has sparked a wave of criticism from moviegoers, with many concerned the disgraced former glam rock singer will be entitled to lucrative music royalties. The R-rated comic book movie smashed box office records over the weekend, with Warner Bros. hauling in $93.5 million in the U.S. alone. That marked the highest debut for a film released in October in cinematic history. “Joker” also garnered $140.5 million internationally, bringing the film’s total ticket sales to $234 million, Warner Bros. said Sunday. But, despite the film’s opening weekend success, the makers of the movie have stoked controversy for featuring Glitter’s 1972 hit “Rock and Roll Part 2” in a lengthy scene.


The song plays for approximately two minutes as Joaquin Phoenix, who has received rave reviews for his portrayal of the eponymous villain, dances down a long flight of steps outside his Gotham City apartment. Glitter, whose real name is Paul Gadd, is reportedly expected to receive a lump sum for allowing the recording to be used in “Joker.” He is also thought to be in line for music royalties depending on the success of movie theater ticket sales, DVD sales and film soundtrack sales. The 75-year-old was jailed for a total of 16 years in 2015 for attempted rape, four counts of indecent assault and one count of having sex with a girl under 13. All six offenses were committed in the 1970s and 1980s. He was first jailed in 1999 when he admitted to possessing images of child abuse.

Read more …

Let’s see it first.

Twitter, Facebook Could Face Billions In Fines After Ireland Probes (CNBC)

Ireland’s Data Protection Commission has concluded investigations into Facebook’s WhatsApp and Twitter over possible breaches of EU data privacy rules, a spokesperson for the agency revealed to CNBC Monday. The investigations will now move into the decision-making phase, according to Graham Doyle, head of communications for Ireland’s DPC. During this next phase, Ireland’s chief data regulator, Helen Dixon, will issue draft decisions, which are expected to come toward the end of the year. These would mark Ireland’s first decisions related to U.S. multinational companies since Europe’s privacy law called the General Data Protection Regulation (GDPR) went into effect on May 2018.


In her draft decisions, Dixon will determine the penalty, if any, that either company faces for breaching data privacy rules. Companies can be fined up to 4% of global annual revenues for breaching Europe’s data privacy law called GDPR. For Facebook, that could mean a fine of more than $2 billion based on its fiscal year 2018 revenue. Because many big tech companies have their EU headquarters in Ireland, the Irish DPC supervises the firms under GDPR. Ireland’s DPC has opened more than a dozen investigations into big tech companies including Facebook, Apple, Google and Twitter.

Read more …

Delivers Assange, gets loan, turns against his people, declares state of emerrgency, flees the capital and moves it elsewhere.

Ecuadorians Revolt Against Moreno’s IMF-Imposed Neoliberal Policies (GZ)

“Se acabó la zanganería” — “The zanganería is over.” With these words, uttered on October 4, Ecuador’s President Lenin Moreno proclaimed the end of a 40-year policy of fuel and petrol subsidies, which had traditionally benefited his country’s working-class population. [..] The decision to cut the government’s decades-old fuel subsidies was just one element in a package of neoliberal economic reforms presented by the Moreno government on October 1. The program was part of a bid to satisfy the demands of the IMF. This October, the reform package set off an explosion of mass protests across the nation. Moreno claimed the drastic new economic measures were necessary to reduce “wasteful” public spending and balance the government’s budget.


The most controversial measure of all has been the elimination of the petrol subsidies that had been in place since the 1970s. This removal led to a staggering 123 percent rise in the price of diesel, with similar increases in the price of other fuels. The package also introduced a 20 percent decrease in the salary of public employees, and initiated plans to privatize pensions and removed workplace security and job security safeguards. When he announced the wildly unpopular austerity package, President Lenin Moreno sensed that large protests against his government were inevitable. So he declared a national “state of emergency,” and immediately deployed both the police and the military against protesters in the capital of Quito and other areas around the country.

Read more …

The lawlessness is staggering.

“Employees of UCE Global took apart and photographed the cellphones of North American journalists who visited the founder of WikiLeaks..”

Russian, US Visitors Targets For Spanish Firm That Spied On Assange (El Pais)

David Morales, the director and owner of Undercover Global S. L., the Spanish defense and security company in charge of protecting the Ecuadorian embassy in London during Julian Assange’s long stay there, called on his team to catalogue “the Russian and American citizens” who visited the cyberactivist as a maximum priority, according to testimonies and documents to which EL PAÍS has had access. The company allegedly spied on the WikiLeaks founder for the US intelligence services, and in the wake of revelations published by this newspaper is being investigated by the Spanish High Court, the Audiencia Nacional. Morales gave written instructions to his employees in London for them to give advance warning of the priority targets from both countries.

All of the information collected about these and other visitors was sent to an FTP (File Transfer Protocol) server in Jerez de la Frontera, the headquarters of UCE Global S. L., in southern Spain. This kind of “big brother” was the place were all of the information collected was stored in an orderly fashion, including files from cellphones, profiles by nationality (Russians, North Americans, Germans, etc.), professions, and documents from attorneys, diplomats, journalists, doctors, and so on. Employees who worked for UCE Global S. L. have told this newspaper that the CIA had access to this server, and that Morales did not want to reveal the identity of “his American friends” when there were technical problems and there was a request for contact with the client.


The IP numbers registered come from the US and one of them corresponds to a company that provides security services for the FBI. A study of the reports that were created over a period of years by this company reveals that international current affairs and events surrounding the cyberactivist defined and modified the objectives of the company and its “North American clients.” [..] The monitoring of the dozens of people who visited Assange during the seven years he was in the embassy was comprehensive. But in the case of the priority targets – North Americans, Russians, attorneys and journalists – it was intensified as much as possible. Employees of UCE Global took apart and photographed the cellphones of North American journalists who visited the founder of WikiLeaks, according to testimony and graphic documents to which EL PAÍS has had access.

Read more …

 

How the top tax rate for highest incomes has changed in the US.

 

 

 

 

Jun 012019
 
 June 1, 2019  Posted by at 1:44 pm Primers Tagged with: , , , , , , , , , ,  3 Responses »


Pablo Picasso Rest (Marie-Thérèse Walter) 1932

With the news that Julian Assange is “wasting away” in Belmarsh prison hospital, and with UN rapporteur Professor Nils Melzer’s report detailing how this happens, I’m once again drawn towards the lawlessness that all “authorities” involved in his case have been displaying, and with impunity. They all apparently think they are literally above the law. Their own laws.

But they can’t be, nowhere, not above their respective national laws nor the international ones their countries have signed up to. They can’t, because that would instantly make any and all laws meaningless. So you tell me where we find ourselves today.

There’s this paragraph in an article by Jonathan Cook entitled Abuses Show Assange Case Was Never About Law, which lists “17 glaring anomalies in Assange’s legal troubles”, that sums it all up pretty perfectly:

Australia not only refused Assange, a citizen, any help during his long ordeal, but prime minister Julia Gillard even threatened to strip Assange of his citizenship, until it was pointed out that it would be illegal for Australia to do so.

See, Cook is already skipping a step there. Gillard didn’t take Assange’s citizenship away, because that is against Australian law, but it’s just as much against Australian law for a government to let one of its citizens rot in some kind of hell. Still, they did let him rot, but as an Australian citizen. At that point, what difference does anything make anymore?

This is a pattern that runs through the entire Assange “file”, and it does so to pretty astonishing levels. Where you’re forced to think that the countries involved effectively have no laws, and no courts, because if they did, the actions by their governments would surely be whistled back by parliaments or judges or someone, anyone. They’re all essentially lawless.

 

There are 5 principal countries involved in the case (that doesn’t absolve any other country from its own responsibility for speaking out when international laws are broken). In alphabetical order, they are Australia, Ecuador, Sweden, the UK and the US. We can go through them in that order.

Australia: The above already mostly sums up where Australia comes up short, i.e. fails miserably to such an extent that both its legal and its political system should long have sounded a five alarm -but didn’t-. A government cannot abandon its own citizens abroad, just because it doesn’t agree with what that citizen has done or said.

It can’t do that even if that citizen is a Hannibal Lecter or an Adolf Hitler, and Julian Assange is very far removed from either. Nor has anyone ever even claimed that Assange broke even one Australian law, let alone proven it. What it comes down to then is that it’s the government that has broken its own laws, not Assange. That, too, is a pattern, it holds for all 5 countries I mentioned above.

It’s not Assange who breaks laws and should be persecuted for that, it’s the politicians who form the governments of these countries. Plus of course the parliamentarians tasked with controlling them. And the legal systems as well as the press tasked with controlling the entire system.

UN rapporteur Nils Melzer says in his report: “Australia is a glaring absence in this case. They’re just not around, as if Assange was not an Australian citizen. That is not the correct way of dealing with that.”

 

Ecuador: This country’s former president, Rafael Correa, followed international law on asylum in the exact way it was framed and intentioned, by granting Julian Assange asylum in the summer of 2012. But his successor and former friend Lenin Moreno broke that law in the most flagrant ways imaginable.

Ecuador is a signatory country to both the United Nations Human Rights Council and the Inter-American Court of Human Rights. Moreno’s actions, which have led to UK police dragging Assange out of the Ecuador embassy in London, which international law says is Ecuadorian territory in which the UK has no jurisdiction, violate an entire litany of laws, rules and regulations phrased by both these international bodies, as well as Ecuador’s own laws (if only because they ARE a signatory member of both).

Asylum laws, necessarily international, have zero meaning if and when a country seeks to (re-)interpret them whenever the wind changes direction and/or a new government is installed. Asylum laws are there to last. You can’t throw out a person your country has previously granted asylum just because someone offers you a bag of money. That is the exact reason why there are such laws.

And every single country that is a signatory to these laws MUST protest what Moreno did to Assange, lest the laws covering asylum become invalid overnight. Well, that’s what they have become in April. For every single country, and for every single human being. That’s how far-reaching the events are.

Does phrasing it like that perhaps make it -a little bit- clearer how big an issue this is, that if it doesn’t apply to Assange, it by default doesn’t apply to anyone anymore? That his case wipes out many decades of jurisprudence, established after, and because of, two world wars and many other atrocities? That Assange’s treatment throws us back in time at least a full century?

Everyone NOT protesting what has been done to Assange had better think again. If you are a law student, lawyer, a judge in a democratic country, you have an obligation here, as much as all politicians have. It makes no difference what you think about Assange or what he’s done.

 

Sweden: The Swedes have sex crime laws that apparently are different from anyone else’s, more strict etc. Maybe they think they know better than everyone else?! In Assange’s story, this means they have closed the file on him on 2010, 2013 and 2017, but re-opened it again and again, for reasons that are not immediately clear -to me-.

This appears to indicate that once you’re suspected, let alone accused, of for instance rape, you may never be able to clear your name anymore. And don’t let’s forget that Assange was never charged with anything, not one single thing, all the way back to 2010.

From what we know, the two women mentioned in the case never wanted to file a complaint against him. But the police did. And then that complaint was thrown out. And revived. He was specifically allowed to leave the country after staying on for over a month, and then shortly after he did leave for London a Swedish prosecutor filed an Interpol Red Notice against him, something hitherto exclusively reserved for terrorists and war criminals.

Prosecutor Marianne Ny refused to interview Assange in London for years, though other such interviews – by Swedish prosecutors in Britain- took place 44 times during Assange’s stay in the Ecuador embassy. The UK even told Sweden not to close the case. And there’s still so much more that happened in Sweden. There is a term for a country that behaves like this: a rogue state.

 

The UK: Former UK ambassador and Assange adviser Craig Murray probably summarizes it best today when he says the UK has become a rogue state. This is true as well for Australia, Ecuador, Sweden and the US. It is the inevitable consequence of flouting the law.

Professor Melzer is the United Nations Special Rapporteur on Torture. Professor Melzer is Swiss. He is an extremely distinguished lawyer and Professor of International Law at the University of Glasgow in addition to Professor of International Humanitarian Law at the Geneva Academy. He served 12 years as a Red Cross Delegate. There is no doubting either Professor Melzer’s expertise or his independence in this matter. When Professor Melzer says that “UK courts have not shown the objectivity and impartiality required by law”, people should sit up and listen.

I have detailed judge Michael Snow calling Assange a “narcissistic personality” in a brief hearing in which Assange had said virtually nothing but “not guilty”, on the basis of prejudice Snow brought with him into the courtroom. Snow convicted him summarily of bail jumping and sentenced him to a virtually unprecedented 50 weeks.

I have detailed Judge Arbuthnot, wife of a former Tory Defence Minister who co-owns a company with a former Head of MI6, mocking Assange and saying he can get all the exercise his health required on a Juliet balcony, as she dismissed a motion to have the bail charges dropped. I have detailed Judge Phillips of the Supreme Court choosing to rely on the French text and discount the English text of a treaty in arguing extradition was in order.

The bias of the British courts has been palpable and stinking.[..] when the United Nations Working Group on Arbitrary and Illegal detention ruled that Julian was being held against his will in the Ecuadorean Embassy and should be permitted to leave to Ecuador, in repudiating the UN Working Group – whom the UK had supported in every single one of hundreds of previous cases – then Foreign Secretary Philip Hammond stood up in the Commons and denounced the UN Working Group as being “lay people not lawyers”, when in fact every single one of the panel is an extremely distinguished international lawyer.

Hammond’s lie to parliament did not surprise me; but I was genuinely astonished that the entire corporate and state media went along with this most blatant of lies and did not call it out. The BBC, Times, Financial Times, Guardian all reported Hammond’s comment that the UN panel were “not lawyers”. None of them would agree to publish a correction of this basic and easily verifiable fact.

Britain no longer makes a pretence of obeying the rule of international law. It simply refuses to acknowledge the concerns of the UN in the Assange case, happily dependent on the bubble of prejudice the political and media elite have manufactured. This is part of a general pattern of direspecting the UN. Theresa May as Home Secretary refused to let the UN Special Rapporteur on Violence Against Women inside Yarls Wood immigration detention centre to inspect conditions there. The Tory government reacted to the recent shocking UN report on poverty in the UK – none of the basic facts of which are challenged – by seeking to have the UN Rapporteur removed.

When you add this together with the UK’s refusal to accept the 13-1 Opinion of the International Court of Justice that the Chagos Islands belong to Mauritius, and the UK’s refusal to accept the ruling of the agreed International Chambers of Commerce Court of Arbitration that Britain must pay its debt to Iran, you get what is a very clear picture that the UK has gone full rogue state and has simply abandoned its support for the system of international law which was in very large part a UK creation.

UK Foreign Secretary Jeremy Hunt yesterday thought attack is the best defense and called out Professor Melzer for his criticism of the UK. Melzer responded by implying Hunt doesn’t know his own laws.

 

 

I was thinking when I saw the “conversation” that Hunt is basically implying Assange tortured himself. And that doesn’t just demonstrate poor knowledge of the law, that is full-blast BS. Because no matter what led to Assange seeking refuge in the Ecuador embassy, according to international law he always, under any and all circumstances, has (among other things) the right to proper medical care. The UK has refused him that.

It doesn’t even have anything to do with him being free to leave or not. Which he evidently was not. Moreover, other than skipping bail Assange didn’t do anything illegal, and under asylum laws, he had a right to skip bail. Once again, it’s not Assange who has broken laws, it’s everyone else involved in this tragic saga. And even if Assange had broken a law, he still would have had the right to proper medical care.

 

The US: Where to even start? The American hunt for Assange is a decade old and has recently escalated when they could get heir hands on the new Ecuador president. Then they invoked the much ridiculed 1917 Espionage Act to accuse a foreign national of spying. And whatever Assange has done, spying it is not.

But they obviously think they can get Eastern District of Virginia Judge Leonie Brinkema (aka the hanging judge) to pretend that it is, or at least that some of what he’s done falls under a law that almost everyone agrees should have been abolished long ago.

What Nils Melzer also mentioned in his report on Assange is that certain parts of the Espionage Act allow for the death penalty. Not those that he has been charged under so far, but they could attempt to stick them on. Which would make it illegal for the UK to extradite Julian Assange. But who still thinks these people give one flying hoot about the law?

For them, laws are things they use to further their means, nothing else. Other than that, they care nothing for the laws that govern their countries, even though they are the very same laws that allowed them to assume their power.

They think they’re going to get away with the murder of Julian Assange. Unhindered by any law. That means there no longer is a functioning -international- legal system. There are only rogue states left.

 

 

 

 

Apr 272019
 


Vincent van Gogh Pietà (after Delacroix) 1889

 

The Big Mystery In The GDP Report – Where Did The Inventories Come From? (MW)
China Finds Dollar Hegemony Is A Tough Nut To Crack (WS)
Nearly 102 Million Americans Do Not Have A Job Right Now (Snyder)
Trump Makes Post-Mueller Vow To Release “Devastating” FISA Docs (ZH)
Blowback Is a Harsh Mistress (Kunstler)
Marina Butina Sentenced To 18 Months In Prison (ZH)
Labour Party In ‘Complete Meltdown’ Over Final Say (Ind.)
London Extinction Rebellion Mural is a Banksy (G.)
Greeks The Most Stressed People Worldwide – Gallup (K.)
Brazil Governed By ‘Lunatics’ And US ‘Lackeys’ – Lula (G.)

 

 

Industrial production and imports are both down. But inventories rise.

The Big Mystery In The GDP Report – Where Did The Inventories Come From? (MW)

It is a case that would make Sherlock Holmes proud. Growth in the first quarter smashed expectations, fueled in part by strong inventory building. According to the government, $32 billion of goods were added to inventories this quarter, or $128 billion annualized. This stockpiling of goods boosted first-quarter GDP growth by about 70 basis points and helped propel growth to a 3.2% annual rate, well above forecasts. The problem is that it is not at all obvious where these inventories came from. Goods have to come from somewhere, either produced by domestic firms or imported from abroad. The mystery is that both production and imports fell in the first three months of the year, according to government data.

“You can’t stockpile what you do not import or do not produce,” said Robert Brusca, chief economist at FAO Economics. The Fed reported last week that industrial output slipped at a 0.3% annual rate in the first quarter. And the government’s GDP report estimates that imports fell 3.7% in the first three months of the year. The one other explanation — that consumption fell sharply enough to leave businesses with unexpected unsold goods — also doesn’t fit the evidence, Brusca said. Consumption did not fall faster than industrial production or imports to generate any surplus, he said. To be sure, spending on consumer durable goods fell 5.3%, the biggest drop in 10 years. Business spending on equipment was also weak. “Any way you slice it, this GDP report…is an apparent mess,” he said.

Read more …

Nobody will want the yuan as long as Beijing decides what it’s worth.

China Finds Dollar Hegemony Is A Tough Nut To Crack (WS)

In terms of global reserve currency, the renminbi (RMB) has a share of only 1.9%, in fifth place, and barely ahead of the Canadian dollar, but miles behind the US dollar (61.7%) and the euro (20.7%). Over the past two years, the RMB has made only microscopic headway as a reserve currency. And as an international payments currency, the RMB has failed similarly to crack the co-hegemony of the dollar and the euro. “With more than 1,900 financial institutions now using the RMB for payments with China and Hong Kong, the internationalization of RMB carries great strategic significance” for banks and financial institutions, gushes SWIFT (Society for Worldwide Interbank Financial Telecommunication), which tracks the progress of the RMB as payment currency.


But in March 2019, the RMB had a minuscule share of merely 1.22% for international cross-border payments by value (cross-border payments from one Eurozone country to another Eurozone country are excluded). This minuscule share put the RMB in 8th position, just behind the Swiss franc:

Read more …

Civilian labor force participation rate lingers around 63%.

Nearly 102 Million Americans Do Not Have A Job Right Now (Snyder)

At this moment, we are told that only 6.2 million Americans are officially “unemployed”, and that sounds really, really good. But that is only half the story. What the mainstream media rarely mentions is the fact that the number of Americans categorized as “not in the labor force” has absolutely exploded since the last recession. Right now, that number is sitting at 95.577 million. When you add 6.2 million “officially unemployed” Americans to 95.577 million Americans that are categorized as “not in the labor force”, you get a grand total of almost 102 million Americans that do not have a job right now. If that sounds terrible to you, that is because it is terrible.

Yes, the U.S. population has been growing over the last decade, and that is part of the reason why the number of Americans “not in the labor force” has been growing. But overall, the truth is that the level of unemployment in this country is not that much different than it was during the last recession. John Williams of shadowstats.com tracks what the real employment figure would be if honest numbers were being used, and according to him the real rate of unemployment in the United States at the moment is 21.2 percent.

Just before the last recession, the civilian labor force participation rate was sitting at about 66 percent, and that was pretty good. But then the recession hit, and the civilian labor force participation rate fell below 63 percent, and it stayed between 62 percent and 63 percent for an extended period of time. So where are we today? At this moment, we are sitting at just 63.0 percent. Does that look like a recovery to you? Of course not.

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“I’m glad I waited because i thought that maybe they would obstruct if I did it early..”

Trump Makes Post-Mueller Vow To Release “Devastating” FISA Docs (ZH)

President Trump on Thursday renewed his vow to declassify a wide swath of “devastating” documents related to the Russia probe “and much more” – adding that he’s glad he waited until the Mueller investigation was complete. In a Thursday night phone interview on Fox News, host Sean Hannity asked “will you declassify the FISA applications, gang of 8 material, those 302s – what we call on this program ‘the bucket of five’?” To which Trump replied: “Yes, everything is going to be declassified – and more, much more than what you just mentioned. It will all be declassified, and I’m glad I waited because i thought that maybe they would obstruct if I did it early – and I think I was right. So I’m glad I waited, and now the Attorney General can take a look – a very strong look at whatever it is, but it will be declassified and more than what you just mentioned.”

Last September 17th, Trump vowed to release all text messages related to the Russia investigation with no redactions, as well as specific pages from the FBI’s FISA surveillance warrant application on former Trump campaign aide Carter Page, and interviews with the DOJ’s Bruce Ohr. nFour days later, however, Trump said over Twitter that the Justice Department – then headed by Attorney General Jeff Sessions (while the Russia investigation was headed up by Deputy AG Rod Rosenstein) – told him that it might have a negative impact on the Russia probe, and that key US allies had asked him not to release the documents.

“I met with the DOJ concerning the declassification of various UNREDACTED documents,” Trump tweeted. “They agreed to release them but stated that so doing may have a perceived negative impact on the Russia probe. Also, key Allies’ called to ask not to release. Therefore, the Inspector General has been asked to review these documents on an expedited basis. I believe he will move quickly on this (and hopefully other things which he is looking at). In the end I can always declassify if it proves necessary. Speed is very important to me – and everyone!”


That key ally turns out to have been the UK, according to the New York Times., which reported last September that their concern was over material which “includes direct references to conversations between American law enforcement officials and Christopher Steele,” the former MI6 agent who compiled the infamous “Steele Dossier.” We now know, of course, that Steele had extensive contact with Bruce and Nellie Ohr in 2016, while Bruce was the #4 official at the Obama DOJ, and Nellie was working for Fusion GPS – the opposition research firm hired by Hillary Clinton and the DNC to produce the infamous Steele Dossier.

Read more …

“Mr. Mueller himself may well be subject to prosecution for destroying evidence and, yes, obstruction of justice…”

Blowback Is a Harsh Mistress (Kunstler)

The Thinking Class behind the bad faith Resistance is about to be beaten within an inch of its place in history with an ugly-stick of reality as The Narrative finally comes to be fairly adjudicated. The Mueller Report was much more than just disappointing; it was a comically inept performance insofar as it managed to overlook the only incidence of collusion that actually took place: namely, the disinfo operation sponsored by the Hillary Clinton campaign in concert with the highest officials of the FBI, the Department of Justice, State Department personnel, the various Intel agencies, and the Obama White house for the purpose of interfering in the 2016 election.


It will turn out that the Mueller Investigation was just an extension of that felonious op, and Mr. Mueller himself may well be subject to prosecution for destroying evidence and, yes, obstruction of justice. John F. Kennedy once observed that “life is unfair.” It is unfair, perhaps, that a TV Reality Show huckster, clown, and rank outsider beat a highly credentialed veteran of the political establishment and that he flaunts his lack of decorum in the Oval Office. But it happens that he was on the side of the truth in the RussiaGate farrago and that happens to place him in a position of advantage going forward.

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The empire destroying lives to uphold a narrative. It no longer matters what these crazies say, and they know it. The public swallows anything thrown at them. Collusion, Assange, Butina, these are all fictional stories, but today they dictate the headlines and dominate the airwaves. Butina is accused of “Ambitious conspiracy”. When she was 22.

Marina Butina Sentenced To 18 Months In Prison (ZH)

Accused Russian spy Marina Butina has been sentenced to 18 months in prison on Friday after pleading guilty to acting as an unregistered agent of a foreign government, the Hill reports. Butina, who was arrested in 2018, pled guilty to the charges in late. 2018. She will only serve nine months, as the judge knocked nine months off her sentence for time served. Prosecutors had recommended that she serve an additional 18 months, while her lawyers had asked for no prison time and her immediate deportation. Butina wasn’t mentioned in the Mueller report. Before her sentencing hearing on Friday, Butina pleaded with the judge for leniency, RT reports.


“My parents discovered my arrest on the morning news they watch in their rural house in a Siberian village,” she told the court. “I love them dearly, but I harmed them morally and financially. They are suffering from all of that. I destroyed my own life as well. I came to the United States not under any orders, but with hope, and now nothing remains but penitence.” Butina arrived in the US on a student visa in 2016 and became active in pro-gun circles. During the investigation into Russian interference that followed Trump’s electoral triumph, she was accused of working with the Russian government to infiltrate the Republican Party and National Rifle Association. Moscow and President Putin have denied any connection with her.

Read more …

Corbyn still clings to his dreams of an independent left-wing Britain. But matters haven’t stood still for the past 3 years.

Labour Party In ‘Complete Meltdown’ Over Final Say (Ind.)

Jeremy Corbyn is under growing pressure over his party’s position on a second Brexit referendum after a leaked draft of a campaign leaflet included no mention of a Final Say vote. The Labour leader faced an angry backlash over the flyer, with MPs saying it had triggered “complete meltdown” in the party and left pro-EU MPs “utterly furious”. As the row deepened, 75 MPs and 14 MEPs wrote to Labour’s governing body to demand that “a clear commitment” to another referendum be included in the party’s manifesto for next month’s European parliament elections. Mr Corbyn’s top team is split on whether Labour should support a second referendum. Several senior shadow cabinet ministers want the party to support a public vote on any Brexit deal passed by parliament, but Mr Corbyn’s inner circle say he only supports a referendum on the government’s deal or to avoid a no-deal outcome.


Other shadow ministers oppose another public poll entirely. In their letter to the National Executive Committee (NEC), the MPs and MEPs said Labour had “a clear opportunity to win these elections” if it fully supports a Final Say vote. They wrote: “These elections are about the kind of Europe we want to live in, and we can’t make a convincing case in them without being clear about Brexit. Labour has already, rightly, backed a confirmatory public vote. The overwhelming majority of our members and voters support this, and it is the democratically established policy of the party. “Our members need to feel supported on doorsteps by a clear manifesto that marks us out as the only viable alternative to Nigel Farage’s Brexit Party.

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First, you just have a wall. The next day, you have a wall worth a million dollars.

London Extinction Rebellion Mural is a Banksy (G.)

A Banksy collector and expert believes a mural that appeared at Extinction Rebellion’s Marble Arch base overnight is an authentic piece by the Bristolian street artist. John Brandler, who owns a dozen pieces by Banksy is convinced the artwork – which features the slogan “From this moment despair ends and tactics begin” next to a young girl sitting on the ground holding an Extinction Rebellion logo – is an original because of its execution and theme. The art dealer and gallerist said: “I’m convinced about the one in London for two reasons: it’s a topic that he would support, and it’s a continuation of the Port Talbot piece that appeared in December 2018.

“The name in the corner is not important, the signature is the work. And this is a Banksy. It’s a wonderful statement and a beautiful piece.” The work appeared at the site which had been occupied by climate activists since protests began in the capital almost two weeks ago. A spokesperson for Westminster council confirmed the work was being investigated but had not been authenticated yet. “We’re aware of the possible Banksy which appeared in Marble Arch overnight. Our officers are looking into this,” he said. Banksy has not confirmed whether the painting is legitimate, and his press team did not respond to a request for comment.

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Gallup does really bad surveys.

Greeks The Most Stressed People Worldwide – Gallup (K.)

Greeks are the most stressed people in the world, according to the results of the Gallup 2019 Global Emotions report conducted on a sample of 150,000 people in 140 countries. According to the poll, which was conducted last year, 59 percent of Greeks said they “experienced a lot of stress yesterday,” putting Greece at the top of the chart for the third consecutive year. After Greece on the list are the Philippines, Tanzania and Albania. The same poll asked respondents about their negative experiences and participants from Chad, Nigeria, Sierra Leone, Iraq and Iran polled the highest. The survey also polled anger levels with Armenians topping the chart, followd by Iraqis, Iranians and Palestinians. The five countries recording the most positive experiences are Paraguay, Panama, Guatemala, Mexico and El Salvador.

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“Does anyone really think the US is going to favour Brazil?” Lula asked. “Americans think of themselves first, second, third, fourth, fifth – and if there’s any time left over they think about Americans.”

Brazil Governed By ‘Lunatics’ And US ‘Lackeys’ – Lula (G.)

Brazil is being governed by “a bunch of lunatics” and United States “lackeys” who have shattered its international reputation, former president Luiz Inácio Lula da Silva has claimed in his first interview since being jailed one year ago. Lula, Brazil’s president from 2003 and 2011, surrendered himself to police last April after being convicted on corruption charges he disputes. The 73-year-old leftist had been forbidden from giving face-to-face interviews until Friday, when two Brazilian journalists were allowed to visit him at his prison in southern Brazil following a lengthy legal battle.

Lula told them Brazil needed to undergo period of “self-reflection” after what he described as the “crazy” fake news and hate-filled election of far-right populist Jair Bolsonaro last year. “What we can’t have is this country being run governed by a bunch of lunatics. The country doesn’t deserve this and above all the people do not deserve this.” “Brazil is adrift – so far he doesn’t know what to do,” he added of Bolsonaro, who took office in January and has suffered a turbulent opening act in power. Lula said he profoundly regretted “the disaster that is taking place in this country” and criticised Brazil’s dramatic tack towards Washington under Bolsonaro.


“I’ve never seen a [Brazilian] president salute the American flag. I’ve never seen a president go around saying, ‘I love the United States, I love it!’” Lula said of Bolsonaro, who paints himself as a “tropical Trump” and last month travelled to the United States to tout his close relations with the US president. “You should love your mother, you should love your country. What’s all this about loving the United States? “Does anyone really think the US is going to favour Brazil?” Lula asked. “Americans think of themselves first, second, third, fourth, fifth – and if there’s any time left over they think about Americans. And these Brazilian lackeys go around thinking the Americans will do anything for us.”

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Apr 152019
 
 April 15, 2019  Posted by at 9:40 am Finance Tagged with: , , , , , , , , , , , , , ,  10 Responses »


Jack Delano South Puerto Rico Sugar Company plant, Ensenada, Puerto Rico 1942

 

Trump: The Stock Market Could Be As Much As 10,000 Points Higher (MW)
Pelosi Rips AOC, Says Her Posse In Congress Is ‘Like Five People’ (NYPost)
Assange Tried To Use Embassy As ‘Centre For Spying’ – Moreno (G.)
I’m Jumping Off the Trump Train: Assange Was the Last Straw (Jatras)
Democrats And Liberals Cheering Assange’s Arrest Are Foolish (Robinson)
Assange Is A Scapegoat, Distraction For Scandal-Ridden Ecuador Government (ZH)
Hackers Warn UK Gov: ‘Free Assange or Chaos is Coming for You’ (Cassandra)
American Airlines Extends Boeing 737 MAX Grounding Until Mid-August (RT)
Huawei Is ‘Open’ To Selling 5G Chips To Apple For iPhones (CNBC)
The Truth About Brexit In 135 Words (Eric Peters)
Brexit Cannot Break The Iron Triangle (HCG)

 

 

He gets very close to clamoring for a state-run economy. Let’s have a 5-year plan, shall we? It’s not that you couldn’t manipulate the ‘market’ 10,000 ponits higher right now, it’s what happens after that.

Trump: The Stock Market Could Be As Much As 10,000 Points Higher (MW)

The value of the U.S. stock market has risen by $9.1 trillion, or 35.6%, since Election Day in 2016, according to Wilshire Associates. For President Donald Trump, that’s not nearly enough. Lately, he’s been blasting the Federal Reserve for raising rates, and he’s steadily urged the central banks to revert to the policies that supported the market during the last crisis, including the resumption of the Fed’s bond-buying program. “I would say in terms of quantitative tightening, it should actually now be quantitative easing,” he said last week. “You would see a rocket ship.”


On Sunday, he put numbers to that potential “rocket ship” rally: ‘If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%… with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!’ Trump’s tweet comes amid opposition from the Senate over his two picks, Herman Cain and Stephen Moore, for open seats on the Federal Reserve’s Board of Governors. Cain, according to a report from ABC News on Friday, plans to remove his name from consideration.

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Pelosi is one scary woman, a talking mummy. She’s everything that’s wrong with Washington. But it’s sort of good that the young ones have to fight. Still, that should start with standing up for Assange, because that’s where the establishment’s ugliness shows most.

Pelosi Rips AOC, Says Her Posse In Congress Is ‘Like Five People’ (NYPost)

House Speaker Nancy Pelosi just sent some more shade to Rep. Alexandria Ocasio-Cortez. In a “60 Minutes” interview, correspondent Lesley Stahl pointed out the different groups within the House Democratic caucus. “You have these wings — AOC and her group on one side,” Stahl said. “That’s like five people,” Pelosi interrupted. Stahl corrected the snarky remark, saying that the “progressive group is more than five.” “Well, I’m progressive — I’m a progressive, yeah,” Pelosi responded. The Congressional Progressive Caucus has 98 members and is the second largest group of Democrats in the Congress. Ocasio-Cortez is one of the group’s most recognizable freshmen members.

Seven Democratic House members, including Ocasio-Cortez, are supported by the progressive political action the Justice Democrats, which Pelosi could also have been referring to. On several occasions now, Pelosi has downplayed any splits within her ranks — and also tried to dim some of Ocasio-Cortez’s star power. In a recent interview with USA Today, the House Speaker pointed out that votes are more significant than Twitter followers — a remark that was also interpreted to be a dig at AOC. “While there are people who have a large number of Twitter followers, what’s important is that we have a large number of votes on the floor of the House,” Pelosi said.

On “60 Minutes” Pelosi said her Democrats weren’t fractured by those loud voices on the left. “By and large, whatever orientation they came to Congress with, they know that we have to hold the center. That we have to … go down the mainstream,” Pelosi said. When asked by Stahl if they really know that, Pelosi answered in the affirmative. “They do,” she said.

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The Guardian’s carefully constructed smear. No shame. Expect more, and expect it to get more intense. The paper has built strong ties with Ecuador ever since Moreno was elected with the explicit goal of smearing Assange.

Assange Tried To Use Embassy As ‘Centre For Spying’ – Moreno (G.)

Julian Assange repeatedly violated his asylum conditions and tried to use the Ecuadorian embassy in London as a “centre for spying”, Ecuador’s president has said in an interview with the Guardian. Lenín Moreno also said he had been given written undertakings from Britain that Assange’s fundamental rights would be respected and that he would not be sent anywhere to face the death penalty. Assange, 47, was taken from the embassy by British police last Thursday after Ecuador revoked his political asylum, ending a stay there of nearly seven years. The WikiLeaks co-founder faces up to 12 months in prison after being found guilty of breaching his bail conditions when he entered the Ecuadorian embassy in 2012.

He made the move after losing a battle against extradition to Sweden where he faced allegations including of rape, which he denies. He is now expected to fight extradition to the US over an allegation that he conspired with the former army intelligence analyst Chelsea Manning to break into a classified government computer. Sweden is weighing up whether to reopen an investigation into the rape and sexual assault allegations. When there are competing extradition requests in the UK, the home secretary decides which country should take priority. Moreno’s move against Assange has proved controversial in Ecuador. The previous president, Rafael Correa, has accused his one-time political ally of “a crime humanity will never forget” and described Moreno as “the greatest traitor in Ecuadorian and Latin American history”.

In what may have been part of a campaign to weaken Moreno, WikiLeaks was linked to an anonymous website that claimed Moreno’s brother had created an offshore company, and it leaked material included private pictures of Moreno and his family. In his first interview with English-speaking media since Assange was ejected from the embassy, Moreno denied he had acted as a reprisal for the way in which documents about his family had been leaked, and said he regretted that Assange had allegedly used the embassy to interfere in other country’s democracies. “Any attempt to destabilise is a reprehensible act for Ecuador, because we are a sovereign nation and respectful of the politics of each country,” he said in the interview, which was conducted by email.

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Many will follow.

I’m Jumping Off the Trump Train: Assange Was the Last Straw (Jatras)

It’s plain and simple. The same entities (Deep State, permanent government, the oligarchy, the Borg, whatever term you like) that targeted Trump with the phony Russia collusion narrative want Assange’s scalp nailed to the wall. It’s one thing for favored outlets like the Washington Post and CNN to disseminate classified information that favors the Deep State, quite another to reveal information contrary to its interests. As the premier dispenser of embarrassing secrets that facilitates online dissidence from the established narrative (also under attack by governments and their tech giant accomplices) an example must be made of Assange pour encourager les autres.

He can count on being sentenced to rotting for decades in a nasty Office Space federal prison (the US will gladly waive the death penalty to spare the Brits’ prissy Euro-consciences) but may very well die soon enough of natural causes. An essential role in Assange’s betrayal by Moreno was played by Trump’s Veep Mike Pence and Secretary of State Mike Pompeo. Former President Rafael Correa says a direct condition of Moreno’s getting a $4.2 billion IMF loan was Assange’s head on a platter. That’s a lot more plausible than establishment media reports that Assange was ejected for transgressing the Ecuadorians’ fastidious hygiene standards, which (whether based in fact or not) are just cynical defamations to justify his upcoming lynching.

It’s irrelevant whether Trump – who theoretically is the boss of all US agency operatives working with their Brit colleagues to get their mitts on Assange – let the nab go forward because he was unwilling to order his minions to stand down or was powerless to do so. In that regard, it’s similar to pointlessly asking why he has the terrible, horrible, no good, very bad national security team he does. Is it because of “Javanka”? Is it because he’s beholden to a gaggle of oligarchs? (Supposedly his being a self-financed billionaire made him immune from such influences.) Is it a reflection of a personality disorder?

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“Charles Schumer said he hoped Assange “will soon be held to account for his meddling in our elections on behalf of Putin and the Russian government”. Let the lies continue. Why not.

Democrats And Liberals Cheering Assange’s Arrest Are Foolish (Robinson)

There has been plenty of over-the-top gloating about Assange’s arrest. In the Atlantic, Michael Weiss said Assange “got what he deserved”. Some Democratic politicians have been salivating at the possibility of prosecuting him. Hillary Clinton said that Assange needs to “answer for what he has done”. Charles Schumer said he hoped Assange “will soon be held to account for his meddling in our elections on behalf of Putin and the Russian government”. Dianne Feinstein has been calling for Assange to be brought here and prosecuted since 2010. West Virginia Democratic senator Joe Manchin went even further, with the truly disturbing comment that “now [Assange is] our property and we can get the facts and truth from him”.


Nor did Bernie Sanders speak up to defend Assange, opting for the same shameful silence he has taken on the imprisonment of whistleblower Chelsea Manning. The other 2020 candidates, with the exception of Mike Gravel and Tulsi Gabbard, have also stayed quiet. There’s a lot to be disturbed by here. First, it’s not clear that people like Schumer even care about the question of whether Assange broke any laws. Assange has been charged over allegedly helping Chelsea Manning to crack a Department of Defense password in 2010. The indictment has nothing to do with Putin or the 2016 election. Yet Democrats are thrilled enough to have a longtime villain in the clasps of the United States government that the actual charges, and their implications for free speech, are irrelevant.

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“Moreno has long been rumored to be preparing an early exit and his right-wing allies appear poised to take over the helm..”

Assange Is A Scapegoat, Distraction For Scandal-Ridden Ecuador Government (ZH)

Despite having been elected on a platform of continuing the leftist and nationalist policies of Rafael Correa’s Citizen’s Revolution, Moreno has actively attacked Correa’s legacy as well as the governments that ascribed to ‘21st century socialism.’ In recent months, Moreno’s government has restored a controversial fly-over program in the country with the US military, and also participated in the creation of the right-wing-led Prosur bloc as a measure to dismantle the Union of South American Nations created by Correa and allies such as the late Hugo Chavez. The Ecuadorian leader inked a $4.2 billion loan with the IMF, after spending months claiming Correa had driven the country into historic debt.

In light of these and other measures, Moreno’s move against Assange isn’t surprising, but the timing of it is about more than just appeasing his allies. “They want to use Julian Assange as a scapegoat to distract from the INA Papers scandal,” says Narvaez, referring to the allegations of corruption that have sullied Moreno, his family and other close associates. The Ecuadorian president is facing a political investigation over accusations of money laundering through offshore accounts and shell companies in Panama, including the INA Investment Corp, of which Moreno’s brother was the registered owner.

Documents obtained by an opposition lawmaker, as well as damning images and documents circulating on social media that were apparently hacked from Moreno’s telephone, have irreparably tarnished his image and his credibility as anti-corruption campaigner. Approval ratings for Moreno have since plummeted, and only 17 percent of Ecuadorians say they believe their president. Predictably, his party was punished at the polls in the country’s recent municipal elections, losing two-thirds of the territories they won previously. Risks of his impeachment are also growing.

[..] Impeachment or not, Moreno has long been rumored to be preparing an early exit and his right-wing allies appear poised to take over the helm in the Carondelet Palace. Nevertheless, his crusade against Correa’s Citizen’s Revolution has meant a dismantling of institutions and regulations, coupled with austerity measures that have included massive public layoffs. The country finds itself spiraling towards the political instability and disarray that characterized the Andean nation during the 1990s and early 2000s, and therefore laws and process may be insufficient to stop the extradition of Assange’s after his forced exit from Ecuador’s embassy. Assange is trapped in this Kafkaesque scenario, moved from one cage to another, waiting for his adversaries to determine his fate.

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Let’s see what you can do.

Hackers Warn UK Gov: ‘Free Assange or Chaos is Coming for You’ (Cassandra)

The Anonymous hackers who spent the weekend knocking Ecuadorian government websites offline have turned their attention to the United Kingdom, issuing a warning for the British government to “free Assange or chaos is coming for you. Speaking to the Gateway Pundit, a member of the hacker group who goes by the pseudonym ‘Nama’ declared they will be launching cyber attacks against the United States and Sweden after the UK. None of this was directed by WikiLeaks or Assange himself — the hackers say they are acting on their own as an act of protest. Over the weekend, the group took down or defaced over 30 Ecuadorian websites including the Central Bank of Ecuador, their Ministry of Interior, the Ecuadorian Assembly in the UK and the main website for the Government of Ecuador.


They also posted data dumps of 728 identification ID card numbers that appear to belong to people who work in the Ecuadorian government. After the websites had been offline for twelve hours, the hackers warned that if they were restored “we will fire again to burn their servers.” The official website of La Maná canton in Ecuador featured a picture of Assange for over twelve hours, along with a quote from him that read, “You have to start with the truth. The truth is the only way we can get anywhere. Because any decision-making based on lies or ignorance can not lead to a good conclusion.”

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Can’t really see other airlines not following. For American alone, it’s over 100 cancelled flights a day.

American Airlines Extends Boeing 737 MAX Grounding Until Mid-August (RT)

American Airlines has chosen to keep its fleet of Boeing 737 MAX grounded until at least August 19, even if it means canceling 115 flights a day in summer season, as probes into the troubled jet continue and new sales have frozen. The company, which owns 24 of the embattled jets that were involved in two recent deadly crashes, announced the decision in a letter to employees and customers. AA wants to ensure reliability “for the peak travel season and provide confidence to our customers and team members when it comes to their travel plans,” Chief Executive Doug Parker and President Robert Isom wrote.


Parker and Isom have at the same time expressed confidence in Boeing’s ability to fix the problem through software updates and changes to pilot training procedures. The US airline has 24 MAX planes in its fleet and is expected to get 16 more delivered this year. The grounding has already resulted in the cancelation of about 90 flights per day through early June, and the extension may put a strain on American’s ability to meet demand for seats during upcoming peak travel season. As many as 115 daily flights will have to be canceled in August, according to the letter.

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They’re now just trolling Trump, aren’t they?

Huawei Is ‘Open’ To Selling 5G Chips To Apple For iPhones (CNBC)

Huawei is “open” to selling high-speed 5G chips and other silicon to rival smartphone maker Apple, marking a significant shift in the Chinese tech giant’s thinking toward its own intellectual property. The world’s largest networking equipment maker has been in the consumer market for a relatively short amount of time with its own-brand smartphones, but it has quickly risen to become the third-largest vendor by market share. Huawei started by selling phones at low prices but in recent years has shifted focus to increase its market share in the high end of the market, battling Apple and Samsung. As part of that move, Huawei has developed its own chips, including a modem to give smartphones 5G connectivity, and a processor to power its devices.


5G is next-generation mobile internet, which delivers data at very high speeds. So far, those pieces of technology have been used only in Huawei’s devices. That could change. In an interview with CNBC that aired Monday, Huawei founder and CEO Ren Zhengfei said the company would consider selling its 5G chips to Apple. “We are open to Apple in this regard,” Ren said. The CEO spoke in Mandarin, which was translated into English by an official translator.

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“We’re split in two mate, we’re absolutely shattered.”

The Truth About Brexit In 135 Words (Eric Peters)

“They’re all liars mate,” said my London cabbie. “May was a Remainer. How were we going to get a good deal when our negotiators don’t want to leave?” he asked. I shrugged. “They’ll stall until they can say it’s not what people want no more – happened in every country that ever wanted a referendum or held one,” he said. “The EU paid to move a Land Rover factory from the Midlands to Slovakia where they earn 5 pound for every 25 we make – so our boys are out of work and the company makes more profit. How’s that right?,” he said. “For every two pound we put into the EU, we get one back.” So I asked if Brtiain held another referendum, which way it’d go? “We’re split in two mate, we’re absolutely shattered.”

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This is from January, I wouldn’t normally include it in the news overview, but someone sent it to me on Twitter.

I’ve known this principle forever, just not under a hefty name like Iron Triangle. For us it was: If someone tells you they want a job done Good, Fast and Cheap, you say: Pick Two.

I’m also not so sure it applies to Brexit, I think there are other issues with it. But here it is.

Brexit Cannot Break The Iron Triangle (HCG)

In all the chaos surrounding Brexit, I keep coming back to the same, simple fact: this is essentially a basic failure of project management. Experts are out of favour right now, but what I’m about to tell you is not expert knowledge: it’s something you instinctively do every day, but perhaps don’t have a name for. But in Project Management, something I did for 22 years, there is a name for the decisions we all make: The Iron Triangle.


I’ve managed projects to deliver everything from air-traffic control software to stock management and distribution for the world’s largest toy manufacturer. I’ve worked on software for Intel, Microsoft, international charities, hospitals, pension services, banking and warehousing. At the start of any project, I would draw this diagram. It’s called The Iron Triangle because it has three points, and describes an absolutely unbreakable rule: you can only have 2 things from the Iron Triangle. Never all three. All three is impossible.

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Apr 132019
 


Pablo Picasso Standing nude 1928

 

The Assange Arrest Is a Warning From History (John Pilger)
The 7 Years Of Lies About Assange Won’t Stop Now (Cook)
UK MPs Want Assange Extradited To Sweden (G.)
Labour Urges PM To Block Julian Assange Extradition To US (G.)
Assange’s ‘Conspiracy’ to Expose War Crimes Has Already Been Punished (Fair)
Cascading Cat Litter (Jim Kunstler)
Is Julian Assange Another Pentagon Papers case? (Alan Dershowitz)
Facebook Removes Page of Rafael Correa on Same Day as Assange’s Arrest (MU)
Second Brexit Referendum Vote ‘Very Likely’ – Philip Hammond (Ind.)
What Went Wrong With Pensions And Why The Whole World Must Be Worried (Rubino)
Italy’s Fiscal Health Is Once Again In Serious Decline (DQ)
Uber Discloses 3-Yr $10-Billion Loss from Operations (WS)

 

 

“Imagine Tony Blair dragged from his multi-million pound Georgian home in Connaught Square, London, in handcuffs [..] Blair’s “paramount crime” is the deaths of a million Iraqis.”

The Assange Arrest Is a Warning From History (John Pilger)

The glimpse of Julian Assange being dragged from the Ecuadorean embassy in London is an emblem of the times. Might against right. Muscle against the law. Indecency against courage. Six policemen manhandled a sick journalist, his eyes wincing against his first natural light in almost seven years. That this outrage happened in the heart of London, in the land of Magna Carta, ought to shame and anger all who fear for “democratic” societies. Assange is a political refugee protected by international law, the recipient of asylum under a strict covenant to which Britain is a signatory. The United Nations made this clear in the legal ruling of its Working Party on Arbitrary Detention.

But to hell with that. Let the thugs go in. Directed by the quasi fascists in Trump’s Washington, in league with Ecuador’s Lenin Moreno, a Latin American Judas and liar seeking to disguise his rancid regime, the British elite abandoned its last imperial myth: that of fairness and justice. Imagine Tony Blair dragged from his multi-million pound Georgian home in Connaught Square, London, in handcuffs, for onward dispatch to the dock in The Hague. By the standard of Nuremberg, Blair’s “paramount crime” is the deaths of a million Iraqis. Assange’s crime is journalism: holding the rapacious to account, exposing their lies and empowering people all over the world with truth.

The shocking arrest of Assange carries a warning for all who, as Oscar Wilde wrote, “sew the seeds of discontent [without which] there would be no advance towards civilisation”. The warning is explicit towards journalists. What happened to the founder and editor of WikiLeaks can happen to you on a newspaper, you in a TV studio, you on radio, you running a podcast. Assange’s principal media tormentor, the Guardian, a collaborator with the secret state, displayed its nervousness this week with an editorial that scaled new weasel heights. The Guardian has exploited the work of Assange and WikiLeaks in what its previous editor called “the greatest scoop of the last 30 years”. The paper creamed off WikiLeaks’ revelations and claimed the accolades and riches that came with them.

With not a penny going to Julian Assange or to WikiLeaks, a hyped Guardian book led to a lucrative Hollywood movie. The book’s authors, Luke Harding and David Leigh, turned on their source, abused him and disclosed the secret password Assange had given the paper in confidence, which was designed to protect a digital file containing leaked US embassy cables. With Assange now trapped in the Ecuadorean embassy, Harding joined the police outside and gloated on his blog that “Scotland Yard may get the last laugh”. The Guardian has since published a series of falsehoods about Assange, not least a discredited claim that a group of Russians and Trump’s man, Paul Manafort, had visited Assange in the embassy. The meetings never happened; it was fake.

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We just get more. But it’s what NOT being said that reveals more.

The 7 Years Of Lies About Assange Won’t Stop Now (Cook)

For seven years, from the moment Julian Assange first sought refuge in the Ecuadorean embassy in London, they have been telling us we were wrong, that we were paranoid conspiracy theorists. We were told there was no real threat of Assange’s extradition to the United States, that it was all in our fevered imaginations. For seven years, we have had to listen to a chorus of journalists, politicians and “experts” telling us that Assange was nothing more than a fugitive from justice, and that the British and Swedish legal systems could be relied on to handle his case in full accordance with the law. Barely a “mainstream” voice was raised in his defence in all that time.

From the moment he sought asylum, Assange was cast as an outlaw. His work as the founder of Wikileaks – a digital platform that for the first time in history gave ordinary people a glimpse into the darkest recesses of the most secure vaults in the deepest of Deep States – was erased from the record. Assange was reduced from one of the few towering figures of our time – a man who will have a central place in history books, if we as a species live long enough to write those books – to nothing more than a sex pest, and a scruffy bail-skipper. The political and media class crafted a narrative of half-truths about the sex charges Assange was under investigation for in Sweden.

They overlooked the fact that Assange had been allowed to leave Sweden by the original investigator, who dropped the inquiry, only for it to be revived by another investigator with a well-documented political agenda. They failed to mention that Assange was always willing to be questioned by Swedish prosecutors in London, as had occurred in dozens of other cases involving extradition proceedings to Sweden. It was almost as if Swedish officials did not want to test the evidence they claimed to have in their possession. [..] It was a freedom of information request by an ally of Assange, not a media outlet, that unearthed documents showing that Swedish investigators had, in fact, wanted to drop the case against Assange back in 2013. The UK, however, insisted that they carry on with the charade so that Assange could remain locked up. A British official emailed the Swedes: “Don’t you dare get cold feet!!!”

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There’s some confusion here. Some say because Sweden dropped charges, the US is now first in line. Others deny this.

UK MPs Want Assange Extradited To Sweden (G.)

Political pressure is mounting on Sajid Javid to prioritise action that would allow Julian Assange to be extradited to Sweden, amid concerns that US charges relating to Wikileaks’ activities risked overshadowing longstanding allegations of rape. More than 70 MPs and peers have written to Javid and the shadow home secretary, Diane Abbott, urging them to focus attention on the earlier Swedish investigations that Assange would face should the case be resumed at the alleged victim’s request.


In a letter coordinated by Labour’s Stella Creasy and Jess Phillips and seen by the Guardian, the MPs declare: “We do not presume guilt, of course, but we believe due process should be followed and the [Swedish] complainant should see justice be done.” They call on Javid and Abbott to “champion action” to ensure that extradition is a possibility should Swedish authorities choose to pursue it. Assange first entered the Ecuadorian embassy in 2012 in order to avoid extradition to Sweden over sexual assault allegations, which he has always denied. While the statute of limitations on one of the allegations has expired, the other will not be reached until August 2020.

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May did it before in 2012, but I understand laws have changed since. Labour better make sure that block counts.

Labour Urges PM To Block Julian Assange Extradition To US (G.)

The shadow home secretary, Diane Abbott, has urged Theresa May to block the extradition of Julian Assange to the US in the same way she intervened in the case of the computer hacker Gary McKinnon. In 2012, as home secretary, May halted McKinnon’s extradition on human rights grounds after doctors warned he was at risk of suicide if sent to face trial in the US. Abbott said similar grounds should be used to block Assange’s extradition. On Thursday, the Wikileaks founder was arrested on behalf of the US authorities, who have charged him with involvement in a computer hacking conspiracy.

The 47-year-old faces up to 12 months in a British prison after he was found guilty of breaching his bail conditions. The US charge could attract a maximum jail sentence of five years, according to the US Department of Justice. Speaking on BBC Radio 4’s Today programme on Friday, Abbott said: “If you remember the Gary McKinnon case, the Americans insisted on extraditing him. He had done this massive computer hack, but his real crime was to have embarrassed the American military and security service. “In the end the then home secretary, Theresa May, blocked his extradition on what she said were human rights grounds. We think there may be human rights grounds in relation to Assange.”

Abbott described the allegations facing Assange from two women in Sweden as “serious”, but said charges were never brought. She said: “If the Swedish government wants to come forward with those charges I believe that Assange should face the criminal justice system.” But she added: “It is not the rape charges, serious as they are, it is about WikiLeaks and all of that embarrassing information about the activities of the American military and security services that was made public. “He is at the very least a whistleblower and much of the information that he brought into the public domain, it could be argued, was very much in the public interest.”

[..] “It is this whistleblowing into illegal wars, mass murder, murder of civilians and corruption on a grand scale, that has put Julian Assange in the crosshairs of the US administration. “It is for this reason that they have once more issued an extradition warrant against Mr Assange.” In response, the home secretary, Sajid Javid, said: “Why is it whenever someone has a track record of undermining the UK and our allies and the values we stand for, you can almost guarantee that the leadership of the party opposite will support those who intend to do us harm? You can always guarantee that from the party opposite.”

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“The point of journalism is to expose horrific crimes like this so that the powerful people who order them pay legal consequences, not the ones who expose them.”

Assange’s ‘Conspiracy’ to Expose War Crimes Has Already Been Punished (Fair)

In 2010, the Guardian, like the New York Times and a few other corporate newspapers, briefly partnered with WikiLeaks to publish the contents of thousands of confidential US diplomatic cables, known as Cablegate. That year, WikiLeaks released other confidential US government information as well: the Afghanistan War Logs, the Iraq War Logs, the infamous “Collateral Murder” video. The material exposed atrocities perpetrated by the US military, as well as other disgraceful acts—like US diplomats strategizing on how to undermine elected governments out of favor with Washington, spying on official US allies and bullying poor countries into paying wildly exorbitant prices for life-saving drugs.

One US soldier involved in the “collateral murder” airstrike that Manning and Assange exposed, Ethan McCord, was threatened and reprimanded by a superior officer for requesting psychiatric help after the atrocity. (“Get the sand out of your vagina,” he was reportedly told.) McCord had tended to wounded children during the massacre. He was soon expelled from the military, apparently now “unsuited” for it. The point of journalism is to expose horrific crimes like this so that the powerful people who order them pay legal consequences, not the ones who expose them. Presumably that is why “press freedom” is considered important, and why it’s guaranteed by the First Amendment.

The law should have protected Manning from punishment, the same way it protects somebody who uses violence in justifiable self-defense or in defense of others. In Manning’s case, that was especially true, because she exposed grave crimes while stationed in Iraq, as the US perpetrated an even higher-level crime—a war of aggression based on a fraudulent pretext. If the law should have protected Manning, who was at the very heart of the “conspiracy” to expose gruesome crimes, then it obviously should protect Assange, and any of the outlets that worked with him.

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“I’d like to see The New York Times’s front page headline on that story: Russian Colluder Wins Nobel Prize, Put on Trial in Federal Court.”

Cascading Cat Litter (Jim Kunstler)

And so now Julian Assange of Wikileaks has been dragged out of his sanctuary in the London embassy of Ecuador for failing to clean his cat’s litter box. Have you ever cleaned a litter box? The way we always did it was to spread some newspaper — say, The New York Times — on the floor, transfer the used cat litter onto it, wrap it into a compact package, and put it in the trash. It was interesting to scan the Comments section of The Times’s stories about the Assange arrest: Times readers uniformly presented themselves as a lynch mob out for Mr. Assange’s blood. So much for the spirit of liberalism and The Old Gray Lady who had published The Pentagon Papers purloined by Daniel Ellsberg lo so many years ago.

Reading between the lines in that once-venerable newspaper — by which I mean gleaning their slant on the news — one surmises that The Times has actually come out against freedom of the press, a curious attitude, but consistent with the neo-Jacobin zeitgeist in “blue” America these days. Anyway, how could anyone expect Mr. Assange to clean his cat’s litter box when he was unable to go outside his sanctuary to buy a fresh bag of litter, and was denied newspapers this past year, as well as any other contact with the outside world? US government prosecutors had better tread lightly in bringing Mr. Assange to the sort of justice demanded by readers of The New York Times — which is to say: lock him up in some SuperMax solitary hellhole and throw away the key. The show trial of Julian Assange on US soil, when it comes to pass, may end up being the straw that stirs America’s Mickey Finn as a legitimate republic.

The bloodthirsty hysteria among New York Times readers is a symptom of the mass confusion sown by agencies of the US government itself when its own agents ventured to meddle in the national election of 2016 and then blame it on “the Russians.” As you will learn in the months ahead, it was The Times itself, and other corporate news organizations, who colluded with officers of the FBI, the Department of Justice, the CIA, and the Obama White House to concoct a phony narrative about Mr. Trump being in cahoots with Vladimir Putin, thus depriving Hillary Clinton of her “turn” in the White House; and then to join those agencies, and the grotesquely dishonest two-year investigation of Special Counsel Robert Mueller, in a cover-your-ass operation to hide their nefarious and criminal acts.

In the meantime, Mr. Assange may receive a Nobel Prize as a symbol of a lone conscience standing up against the despotic deceits of the world’s deep states. Wouldn’t that gum up the works nicely? I’d like to see The New York Times’s front page headline on that story: Russian Colluder Wins Nobel Prize, Put on Trial in Federal Court. By then, the United States of America will be so completely gaslighted that it will pulsate in the darkness like a death star about to explode.

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Michael Malice on Twitter: “Let’s be clear: Julian Assange is not a journalist.
He uncovered and released information that the political establishment and government wanted to stay hidden.
Does that sound like the work of a journalist?”

Is Julian Assange Another Pentagon Papers case? (Alan Dershowitz)

Before WikiLeaks founder Julian Assange gained asylum in the Ecuadorian embassy in London in 2012, he and his British legal team asked me to fly to London to provide legal advice about United States law relating to espionage and press freedom. I cannot disclose what advice I gave them, but I can say that I believed then, and still believe now, that there is no constitutional difference between WikiLeaks and the New York Times. If the New York Times, in 1971, could lawfully publish the Pentagon Papers knowing they included classified documents stolen by Rand Corporation military analyst Daniel Ellsberg from our federal government, then indeed WikiLeaks was entitled, under the First Amendment, to publish classified material that Assange knew was stolen by former United States Army intelligence analyst Chelsea Manning from our federal government.

So if prosecutors were to charge Assange with espionage or any other crime for merely publishing the Manning material, this would be another Pentagon Papers case with the same likely outcome. Many people have misunderstood the actual Supreme Court ruling in 1971. It did not say that the newspapers planning to publish the Pentagon Papers could not be prosecuted if they published classified material. It only said that they could not be restrained, or stopped in advance, from publishing them. Well, they did publish, and they were not prosecuted.

[..] the problem with the current effort is that, while it might be legally strong, it seems on the face of the indictment to be factually weak. It alleges that “Assange encouraged Manning to provide information and records” from federal government agencies, that “Manning provided Assange with part of a password,” and that “Assange requested more information.” It goes on to say that Assange was “trying to crack the password” but had “no luck so far.” Not the strongest set of facts here!

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Nice going, Zuck.

Facebook Removes Page of Rafael Correa on Same Day as Assange’s Arrest (MU)

Facebook has unpublished the page of Ecuador’s former president, Rafael Correa, the social media giant confirmed on Thursday, claiming that the popular leftist leader violated the company’s security policies.[..] In March, WikiLeaks published a tranche of documents dubbed the INA Papers linking President Lenin Moreno to the INA Investment Corporation, an offshore shell company used by Moreno to procure furniture, property, and various luxury items. The account number for the offshore account allegedly used by the president to launder money was shared across Ecuadorean social networks by netizens of all political stripes, including by Correa – who had about 1.5 million followers and whose Facebook page enjoyed more interactions and attention than that of President Moreno himself.


[..] The removal of Correa’s page for violating Facebook’s “community standards” is an unprecedented move, and the former statesman is the most high-profile public political figure to ever be removed from the social platform–placing the economist and icon of Latin American “socialism of the 21st century” in the same unlikely category as right-wing conspiracy theorist and broadcaster Alex Jones.

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What would that solve?

Second Brexit Referendum Vote ‘Very Likely’ – Philip Hammond (Ind.)

A second referendum on Brexit is “very likely” to be put before parliament, Philip Hammond has said. Speaking in Washington on Friday, the chancellor said a fresh public vote was a “proposition that could and, on all the evidence, is very likely to be put to parliament at some stage”. However, he also said about six months would be needed to hold a referendum, and that there would not be enough time before Britain is due to leave the EU on the new deadline of 31 October. Mr Hammond also stressed that the government was still opposed to a second referendum, although he said other Labour demands – such as a customs union with the EU – were up for debate.


“The government’s position has not changed,” he said. “The government is opposed to a confirmatory referendum and therefore we would not be supporting it.” The idea of a new referendum was among several Brexit alternatives to Theresa May’s deal that were put to lawmakers in the last month – but which all fell short of a majority in parliament. The prime minister has so far failed to get her own party behind the Brexit divorce deal she agreed with other European Union leaders last year. She was forced to ask the bloc for a delay and to start talks with Labour about how to break the impasse in parliament.

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It says a lot about the human attention span that this doesn’t receive a lot more scrutiny.

This is where Fed policies will be found to have hurt people most.

What Went Wrong With Pensions And Why The Whole World Must Be Worried (Rubino)

As baby boomer teachers, police and firefighters retire, the required pension payouts are soaring. Combine this with inadequate contributions, and the liabilities of major U.S. public pensions are up 64% since 2007 while assets are up only 30%. This math is simple enough for even a politician or fund trustee to grasp, but because there’s no immediate penalty for underfunding a pension system, it has become normal practice in a long list of places. Another, related problem is also mathematical, but it’s harder to manage in a boom-and-bust world: When pension plans suffer a big loss, as they tend to do in bear markets, the next few years’ returns have to go towards making up that loss before plan assets can start growing again. The following chart, from a recent Wall Street Journal article, shows pension fund assets falling behind in the past two bear markets and having increasing trouble catching up with steadily-growing liabilities.

In some cases this puts funds permanently behind the curve and can only be fixed with massive infusions of taxpayer cash or draconian benefit cuts, neither of which are feasible in a system that punishes hard choices. The next chart shows how much more the worst offenders would have to contribute to their plans to get by with honest future return assumptions. For Illinois, Kentucky and New Jersey this will never happen.

What does all this mean? A few things: In the next bear market the pension funds that are already wildly underfunded will fall into a financial black hole from which they’ll never be able to escape. Those states and cities – many of which are issuing bonds to cover their day-to-day expenses – will be exposed as junk credits (as Chicago was recently) and will have to either pay way up to borrow or enact some combination of tax increases (politically almost impossible) or pension benefit cuts (legally impossible in many places) which will cause chaos without fixing the underlying problem. The weakest cities and the states in which they reside will be forced to default on some of their obligations, stiffing suppliers, creditors, and/or employees.


This will throw the municipal bond market into chaos as investors, worried that the next Chicago is lurking in their portfolios, dump the whole muni sector. Faced with a cascade failure of a crucial part of the fixed income universe, the federal government will react the way it did when the mortgage market imploded in 2008, with a massive taxpayer funded bailout. At which point there’s a good chance of the crisis spreading from pensions to currencies, as the world finally realizes that the bailouts are just beginning, with US states and cities soon to be followed by student loans, emerging markets, and European failed states.

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Drip. Drip.

Italy’s Fiscal Health Is Once Again In Serious Decline (DQ)

On Wednesday, Italy’s coalition government slashed its growth forecast for the Italian economy in 2019 to 0.2% – the weakest forecast in the Eurozone – from a previous forecast of 1%. Italy is already in a technical recession after chalking up two straight quarters of negative GDP growth in the second half of 2018. The government’s budget for this year was based on the assumption that the economy would expand by 1% this year. Now, it seems the economy may not grow at all; it could even shrink. One direct result of this is that Italy’s current account deficit for 2019 will be substantially higher than the 2.04% of GDP Italy’s government pledged to stick to late last year. And that can mean only thing: another standoff between Rome and Brussels over the direction of fiscal policy is in the offing.

Italy already boasts the largest public debt pile in Europe in nominal terms, clocking in at €2.14 trillion, as well as the second largest in relative terms after Greece’s twice bailed out economy. Rome just forecast that public debt would hit a new record high of 132.6% of GDP this year. That record is unlikely to last very long given Italy’s stagnating economy and the government’s determination to cut taxes, reduce the retirement age and introduce a citizens’ basic income.

The biggest problem with Italy’s economy is that many of its problems are chronic and deep seated. Many of them date back to the adoption of the euro, in 2000, or in the case of Rome’s massive addiction to public debt, to the 1980s. As the OECD points out, real GDP in Italy is still well below its pre-crisis peak. Italy is also the only OECD country where incomes (as measured by GDP per capita) are no higher than in 2000. By contrast, in France, Spain, the UK and Germany they have risen during the same period by 13%, 17%, 21% and 23 respectively.

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Now imagine this WITHOUT interest rates at record lows. What was once a market has now turned into a slot machine.

Uber Discloses 3-Yr $10-Billion Loss from Operations (WS)

Uber Technologies’ IPO filing was made public today. The 330-page or so S-1 filing disclosed all kinds of goodies, including detailed but still unaudited pro-forma financial statements as of December 31, 2018, huge losses from operations, big tax benefits, large gains from the sale of some operations, stagnating rideshare revenues, and an enormous list of chilling “Risk Factors” that go beyond the usual CYA. The filing, however, didn’t disclose the share price, the IPO valuation, and how much money the IPO will raise for Uber. On Tuesday, “people familiar with the matter” had told Reuters that Uber plans to raise $10 billion in the IPO. Most of the IPO shares would be sold by the company to raise funds, and a smaller amount would be sold by investors cashing out, the sources said.


The filing did not confirm this and instead left blanks or used placeholder amounts. But if true, $10 billion in shares sold would make this IPO one of the biggest tech IPOs. And the rumored $90 billion to $100 billion valuation would make it the biggest since Alibaba’s $169 billion IPO. Uber will need every dime it raises in the IPO going forward because it’s got a little cash-burn situation in its operations that persists going forward, as it admitted in its “Risk Factors,” and it will need to raise more money, and if it cannot raise more money, it might not make it. Uber is upfront about this. The company has already raised – and mostly burned through – over $20 billion so far in its 10 years of existence. This includes $15 billion in equity funding and over $6 billion in debt.

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