Oct 092019
 


Vilhelm Hammershoi Woman Seen from the Back 1888

 

White House Says It Will Refuse To Cooperate With Impeachment Inquiry (R.)
Oh My God, They Killed CNY! You Bastards (Every)
Powell Says The Fed Will Start Expanding Its Balance Sheet ‘Soon’ (CNBC)
Trade Wars Lose US Its Competitiveness Top Spot – WEF (AFP)
Boris Johnson Facing No-Deal Brexit Cabinet Rebellion (R.)
EU May Offer To Extend Deadline For Brexit Deal To June (G.)
Brexit Is A Necessary Crisis, Reveals Britain’s True Place In The World (G.)
Time To Reassess CrowdStrike’s Credibility (Kelly)
Jeffrey Epstein Accuser Expands Lawsuit Against Estate, Alleged Enablers (R.)
Refugee Explosion “Greater” Than 2015 To Hit Europe – German Minister (ZH)

 

 

Tried hard to find a nonpartial view, but that just gets harder all the time.

White House Says It Will Refuse To Cooperate With Impeachment Inquiry (R.)

The White House said on Tuesday it would refuse to cooperate with an “illegitimate, unconstitutional” congressional impeachment inquiry, setting Republican President Donald Trump on a collision course with the Democratic-led U.S. House of Representatives. Hours after the administration abruptly blocked a key witness in the Ukraine scandal from testifying to congressional panels, White House lawyer Pat Cipollone criticized the decision by lawmakers to proceed with an impeachment inquiry without a full House vote. “You have designed and implemented your inquiry in a manner that violates fundamental fairness and constitutionally mandated due process,” he said, adding House Democrats had left Trump “no choice.”


“To fulfill his duties to the American people, the Constitution, the Executive Branch and all future occupants of the Office of the Presidency, President Trump and his administration cannot participate in your partisan and unconstitutional inquiry under these circumstances,” he said. [..] White House lawyer Cipollone described the probe as “a naked political strategy” that violated Trump’s due process rights and was designed to reverse the 2016 presidential election and influence the November 2020 election. “Your transparent rush to judgment, lack of democratically accountable authorization, and violation of basic rights in the current proceedings make clear the illegitimate, partisan purpose” of the inquiry, he said.

Read more …

Brilliant both from Michael Every of Rabobank and the South Park crew.

“Like the NBA, we welcome the Chinese censors into our homes and into our hearts. We too love money more than freedom and democracy.”

Oh My God, They Killed CNY! You Bastards (Every)

”The upcoming ‘Top Gun 2’ stars Tom Cruise, still trying to look like he did in the 1980s, but no longer able to do all his own stunts: which is just like US foreign policy “ [..] the most honest commentary on where we now stand under globalisation comes not from the eschatological of intellectuals or politicians telling us democracy is under threat and free trade is great, not spotting Marxist and populist criticism that the two are linked; instead it comes from the scatology of ‘South Park’.[..] the most honest commentary on where we now stand under globalisation comes not from the eschatological of intellectuals or politicians telling us democracy is under threat and free trade is great, not spotting Marxist and populist criticism that the two are linked; instead it comes from the scatology of ‘South Park’


So is the US flailing or retreating like the Romans? No. It is focusing on its mighty financial weapons and physically fighting where it can achieve what matters most…if one is not thinking about Iran, but China. As Trump underlined: “WE WILL FIGHT WHERE IT IS TO OUR BENEFIT, AND ONLY FIGHT TO WIN.” Where does it benefit most fighting, globally? Three guesses… The greatest likelihood is still that if Trump gets past his latest tipping point then at some (tipping) point soon markets are going to cry “Oh my God, they killed CNY!” as the Chinese currency collapses.

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As Big As Japan.

Powell Says The Fed Will Start Expanding Its Balance Sheet ‘Soon’ (CNBC)

The Federal Reserve will soon start growing its balance sheet again, a response in part to the jolt to overnight lending markets in September, Chairman Jerome Powell said Tuesday. How the Fed will go about expanding the securities it holds will be explained in the coming days, though Treasury bill purchases will be involved, the central bank chief said during a speech in Denver, though Powell stressed the approach shouldn’t be confused with the quantitative easing done during and after the financial crisis. “This is not QE. In no sense is this QE,” he said in a question and answer session after the speech.


On monetary policy more broadly, Powell stuck to his recent script: He and his fellow policymakers view the economy as being strong but susceptible to shocks, particularly from a global slowdown, trade and geopolitics like a potentially messy Brexit. He said the Fed stands committed to supporting the recovery but is data dependent and not on a preset course of cutting rates. The Fed has reduced its benchmark rate twice in 2019 and is expected to approve a third cut late this month.

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Because remember, children: you can never grow fast enough. Just ask the Fed.

Trade Wars Lose US Its Competitiveness Top Spot – WEF (AFP)

The United States fell to second place behind Singapore in the World Economic Forum’s flagship Global Competitiveness Report, with the slippage linked in part to President Donald Trump’s trade wars. The Forum, organisers of the glitzy annual gathering of business and political elite in Davos, have released an annual competitiveness report since 1979 that assesses which economies are well placed to see productivity and long-term growth. While the report noted that the US “remains an innovation powerhouse” and the world’s second most competitive economy, some trouble signs have emerged, the Forum said.


“There are no two ways (about) it. It is important to ensure the countries are being open to trade,” said Saadia Zahidi, a Forum managing director, when asked to comment on the impact of the tariffs imposed by the Trump administration. She noted the lack of “hard data” on the impact of US tariffs imposed on several of its main economic partners, as the set of products impacted remains limited compared to overall trade. But, she said, “the sentiment” surrounding investing in the US “has been going down,” she told reporters in Geneva. “That will end up impacting long-term investment; that will end up impacting how decision makers are thinking; that will end up impacting the view of non-American business leaders (of) the United States. So it does matter in the long-term,” she added.

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The EU likes this.

Boris Johnson Facing No-Deal Brexit Cabinet Rebellion (R.)

British Prime Minister Boris Johnson is facing a new rebellion from his cabinet over concerns of a no-deal Brexit, with a group of cabinet ministers poised to resign, The Times newspaper reported on Wednesday. Culture Secretary Nicky Morgan, British Minister for Northern Ireland Julian Smith, Justice Secretary Robert Buckland, Health Minister Matt Hancock and Attorney General Geoffrey Cox are all on a “resignation watch list”, according to The Times report An unnamed cabinet minister cited by the newspaper said that a “very large number” of Conservative members of parliament will quit if it comes to a no-deal Brexit.


The Times said that ministers had warned Johnson in a cabinet meeting about the “grave” risk of the return of direct rule in Northern Ireland and raised concerns about Dominic Cummings, Johnson’s most senior adviser. “Cabinet will set the strategy, not unelected officials. If this is an attempt to do that then it will fail”, the report quoted another cabinet minister as saying. The report comes as the European Union accused Britain of playing a “stupid blame game” over Brexit after a Downing Street source told Reuters a deal was essentially impossible because German Chancellor Angela Merkel had made unacceptable demands.

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“What’s at stake is not winning some stupid blame game,” Tusk wrote in a tweet directed at the prime minister.”

EU May Offer To Extend Deadline For Brexit Deal To June (G.)

The European Union is poised to extend Brexit talks into as late as next summer after the European council and commission presidents dismissed Boris Johnson’s strategy as a “blame game”. A “range of dates” will now be in play at the meeting of European leaders next week but sources suggested the natural cut-off date would be June. With an extension of the UK’s EU membership now looking inevitable, other diplomatic sources suggested an unlikely outlier for an end date could even be ahead of a possible general election so as to force the Commons into accepting a deal. “But politicians like to keep things off their plates for as long as possible and so pushing it longer seems more realistic,” a senior EU diplomat said.

The negotiations over a deal are said to be effectively dead in Brussels after Downing Street’s extraordinary claims over the substance of a phone call between the German chancellor, Angela Merkel, and the UK prime minister. Merkel was said by an unnamed UK source to have told Johnson that Northern Ireland had to stay in the EU’s customs union. The official claimed that as a consequence a deal looked “essentially impossible, not just now but ever”. Tusk, the European council president, gave an insight into the frustration at the anonymous briefings over the Merkel call, the alleged content of which described by senior politicians in Berlin as “improbable”. The chancellor’s spokesman declined to comment on “confidential conversations”.

“What’s at stake is not winning some stupid blame game,” Tusk wrote in a tweet directed at the prime minister. “At stake is the future of Europe and the UK as well as the security and interests of our people. You don’t want a deal, you don’t want an extension, you don’t want to revoke. Quo vadis? [Where are you going?]” [..] In Berlin Detlef Seif, the point person on Brexit for Merkel’s party, the CDU, rejected the account given by Downing Street of the call between the two leaders. He said: “In my mind it is completely improbable that the phone call between Merkel and Johnson took place in the way it has been reported in the British media. “It would run counter to all the principles the German government has followed for the last three years, namely that the negotiations are led by the European commission.

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“It brings to light, in stunning clarity, Brexiters’ deluded political understanding of the UK’s place in the world.”

“..without it we will remain stuck in the delusional, revivalist politics of a banana monarchy.”

Brexit Is A Necessary Crisis, Reveals Britain’s True Place In The World (G.)

Today much of the capital in Britain is not British and not linked to the Conservative party – where for most of the 20th century things looked very different. Once, great capitalists with national, imperial and global interests sat in the Commons and the Lords as Liberals or Conservatives. Between the wars, the Conservatives emerged as the one party of capital, led by great British manufacturers such as Stanley Baldwin and Neville Chamberlain. The Commons and the Lords were soon fuller than ever of Tory businessmen, from the owner of Meccano toys to that of Lyons Corner Houses.

After the second world war, such captains of industry avoided the Commons, but the Conservative party was without question the party of capital and property, one which stood against the party of organised labour. Furthermore, the Tories represented an increasingly national capitalism, protected by import controls, and closely tied to an interventionist and technocratic state that wanted to increase exports of British designed and made goods. A company like Imperial Chemical Industries (ICI) saw itself, and indeed was, a national champion. British industry, public and private, was a national enterprise.

Since the 1970s things have changed radically. Today there is no such thing as British national capitalism. London is a place where world capitalism does business – no longer one where British capitalism does the world’s business. Everywhere in the UK there are foreign-owned enterprises, many of them nationalised industries, building nuclear reactors and running train services from overseas. When the car industry speaks, it is not as British industry but as foreign enterprise in the UK. The same is true of many of the major manufacturing sectors – from civil aircraft to electrical engineering – and of infrastructure. Whatever the interests of foreign capital, they are not expressed through a national political party. Most of these foreign-owned businesses, not surprisingly, are hostile to Brexit.

[..] Brexit is a necessary crisis, and has provided a long overdue audit of British realities. It exposes the nature of the economy, the new relations of capitalism to politics and the weakness of the state. It brings to light, in stunning clarity, Brexiters’ deluded political understanding of the UK’s place in the world. From a new understanding, a new politics of national improvement might come; without it we will remain stuck in the delusional, revivalist politics of a banana monarchy.

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High time. But is asking questions about CrowdStrike impeachable?

Time To Reassess CrowdStrike’s Credibility (Kelly)

Days before the Senate voted to confirm Brett Kavanaugh last year, a former FBI assistant director appeared on MSNBC to suggest the Supreme Court nominee had a major credibility problem. “This is not…an investigation about the sexual allegations, I think it really has moved toward credibility,” Shawn Henry, an NBC News analyst, told Nicolle Wallace on October 1, 2018. “At this point now, there are very clear allegations, and subsequent to the judge’s testimony, people have come out who appear to be credible who…appear to be contradicting his testimony sworn before the United States Senate.” Henry, clearly reciting Democratic talking points to imply Kavanaugh perjured himself before the Senate Judiciary Committee during his September showdown with Christine Blasey Ford, also referred to Ford as a “victim” and claimed that the FBI’s investigation into Kavanaugh’s testimony had “fallen short.”

Henry was presented to viewers as the channel’s “national security analyst,” but there was one title the network overlooked: Shawn Henry is a top executive for CrowdStrike, the cybersecurity firm hired by the Democratic National Committee to investigate the infamous hack of its email system in early 2016. Perhaps not coincidentally, the firm determined that the Russians were behind the intrusion. CrowdStrike’s June 2016 assessment remains the sole source of evidence to supply the pretext of the government’s Russian election interference claim; later, it would help bolster the Trump-Russia collusion fable. [..] Henry, the president of CrowdStrike’s Washington operation, is a regular contributor to both MSNBC and NBC News programs. (His affiliation with CrowdStrike, however, is never mentioned.)

Although he hasn’t worked for the FBI since 2012, Henry often weighs in as an FBI “expert,” opining on a variety of political issues from government shutdowns to the Kavanaugh debacle. Curiously, his views always come down on the side opposite of Donald Trump and the Republican Party. In March 2017, Henry—who worked for Robert Mueller’s FBI during Barack Obama’s first term—participated in a post-inauguration forum to discuss the implications of Russia’s “hacking” the 2016 presidential election. The panel also featured former Hillary Clinton campaign manager John Podesta and Marc Elias, the general partner at Perkins Coie, a politically-influential law firm based in D.C.. It was a symbolic trio. Perkins Coie hired CrowdStrike in the spring of 2016 on behalf of the DNC.

Instead of going directly to the FBI or other law enforcement agency about the breach, Democratic party leaders, working through Perkins Coie, retained CrowdStrike to find the culprits. Very cozy. But that wasn’t Perkins Coie’s only involvement in the Russia-hacked-the-election plotline. The law firm also hired Fusion GPS—who in turn hired British political operative Christopher Steele to author his infamous dossier—on behalf of the Clinton campaign and the DNC around the same time Perkins retained CrowdStrike. According to disclosure reports, the DNC paid Perkins Coie $7.2 million during the 2016 election cycle: The PAC also paid CrowdStrike more than $400,000 during the same time period. (The DNC has paid CrowdStrike nearly $80,000 so far this year.)

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#I’mWithHer.

Jeffrey Epstein Accuser Expands Lawsuit Against Estate, Alleged Enablers (R.)

A New York woman who said Jeffrey Epstein began grooming her for sex when she was 14 and later raped her expanded her lawsuit against his estate, naming several women who allegedly enabled the financier’s abuses and seeking to block the estate from shielding his assets from victims. In her amended complaint filed on Tuesday, Jennifer Araoz accused four women by name who once worked with Epstein of misconduct, and added more than 20 corporate defendants associated with the late financier. Araoz, 32, wants “justice not just against Mr. Epstein’s estate, but the network of enablers that surrounded him, and the network of corporate interests that surrounded him,” her lawyer Daniel Kaiser told reporters on a conference call.

“Every penny of his estate should be available to satisfy the claims of victims,” he added. Epstein, 66, died by hanging himself in his Manhattan jail cell on Aug. 10, two days after signing a will and putting his estimated $577 million estate into a trust. Kaiser said it would be obvious to any judge that this was a fraudulent effort to keep his money away from victims. The four women include Ghislaine Maxwell, Epstein’s longtime confidante; Lesley Groff, a former secretary; Cimberly Espinosa, a former executive assistant; and Rosalyn Fontanilla, a former maid who died in October 2016. All but Fontanilla are named as defendants.

Araoz accused the defendants of conspiring to identify and procure a steady stream of underage girls for Epstein to sexually abuse. The defendants “participated with and assisted Epstein in maintaining and protecting his sex trafficking ring, ensuring that approximately three girls a day were made available to him for his sexual pleasure,” the amended complaint said.

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It’s already started.

Refugee Explosion “Greater” Than 2015 To Hit Europe – German Minister (ZH)

The German government is warning that a number of indicators suggest Europe could be on the brink of witnessing a new refugee crisis explode on its borders. Germany’s Interior Minister Horst Seehofer said early this week that refugees and migrants are set to flood Europe on a scale even bigger that the peak of the 2015 crisis. “We must do more to help our European partners with controls on the EU external borders. We have left them alone for too long,” he told Germany’s Bild am Sonntag newspaper after returning from a visit to Greece and Turkey, where he inspected the renewed refugee crisis first hand. “If we do not do that we will once again face a refugee wave like in 2015 or maybe even greater,” Seehofer warned ominously.

Seehofer further said that if the EU doesn’t unite to find “strength to solve this problem problem” it faces total “loss of control” if and when the next major crisis hits. At the height of the crisis three years ago, which was driven by the vastly destabilizing wars in Syria and Libya, and by the turmoil left in the wake of the Islamic State caliphate in western Iraq, there were near weekly mass drownings and accidents involving migrants attempting to traverse the Mediterranean, as well as fires and unrest at makeshift refugee camps in France and Greece. It further created turmoil in the domestic politics of multiple EU countries, with a number of right-wing populist figures and parties coming to power on anti-illegal immigration platforms.

And now, with Turkey on the brink of a major military incursion into northeast Syria, the Middle East is about to witness a major new conflagration resulting in potentially millions of new refugees being pushed out of the Turkey-Syria border region. Coupled with that, Turkey’s President Erdogan recently threatened to release one million refugees on Europe if he can’t have his so-called ‘safe zone’ which is to reach some 30km deep (19 miles) inside Syrian territory. He threatened early last month: “We will be forced to open the gates. We cannot be forced to handle the burden alone,” while demanding that European countries give political support to the controversial plan that would end in annexing UN member Syria’s sovereign territory.

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Oct 072019
 
 October 7, 2019  Posted by at 9:30 am Finance Tagged with: , , , , , , , , , , , , ,  23 Responses »


Print your own Assange mask

 

The ‘Whistleblower’ Probably Isn’t (Taibbi)
DNC Colluded With Ukraine To Boost Hillary By Harming Trump – Report (DWire)
Bob Woodward: GOP Senators ‘Choking’ On Trump-Ukraine Scandal (WE)
Trump Gives Blessing To Turkish Operation In Northern Syria (AFP)
In Last Minute Call, Erdogan Agrees To Meet Trump Over Syria ‘Safe Zone’ (ZH)
Arise, Commissioner Farage! (Pol.eu)
Brexit Border Talk Stirs Up Bad Memories In Northern Ireland (G.)
An Actual Conspiracy Kept Jeffrey Epstein’s Accomplices out of Prison
Chinese Farmers Raise Mutant Pigs The Size Of Polar Bears (ZH)
Lula’s Prosecutors Request His Release From Prison. He Refuses. (Greenwald)
HSBC Planning To Cut 10,000 More Staff (AFP)

 

 

Not even close.

The ‘Whistleblower’ Probably Isn’t (Taibbi)

Start with the initial headline, in the story the Washington Post “broke” on September 18th: “TRUMP’S COMMUNICATIONS WITH FOREIGN LEADER ARE PART OF WHISTLEBLOWER COMPLAINT THAT SPURRED STANDOFF BETWEEN SPY CHIEF AND CONGRESS, FORMER OFFICIALS SAY”. The unnamed person at the center of this story sure didn’t sound like a whistleblower. Our intelligence community wouldn’t wipe its ass with a real whistleblower. Americans who’ve blown the whistle over serious offenses by the federal government either spend the rest of their lives overseas, like Edward Snowden, end up in jail, like Chelsea Manning, get arrested and ruined financially, like former NSA official Thomas Drake, have their homes raided by FBI like disabled NSA vet William Binney, or get charged with espionage like ex-CIA exposer-of-torture John Kiriakou.


It’s an insult to all of these people, and the suffering they’ve weathered, to frame the ballcarrier in the Beltway’s latest partisan power contest as a whistleblower. I’ve met a lot of whistleblowers, in both the public and private sector. Many end up broke, living in hotels, defamed, (often) divorced, and lucky if they have any kind of job. One I knew got turned down for a waitressing job because her previous employer wouldn’t vouch for her. She had little kids. The common thread in whistleblower stories is loneliness. Typically the employer has direct control over their ability to pursue another job in their profession. Many end up reviled as traitors, thieves, and liars. They often discover after going public that their loved ones have a limited appetite for sharing the ignominy. In virtually all cases, they end up having to start over, both personally and professionally.

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When will the MSM start publishing about the “DNC-UKRAINE SCANDAL”? The Director of the National Anti-Corruption Bureau of Ukraine was convicted in Ukraine for interfering in the U.S. presidential election in 2016…

DNC Colluded With Ukraine To Boost Hillary By Harming Trump – Report (DWire)

The Blaze has released an audio recording that they recently obtained that appears to show Artem Sytnyk, Director of the National Anti-Corruption Bureau of Ukraine, admitting that he tried to boost the presidential campaign of Hillary Clinton by sabotaging then-candidate Donald Trump’s campaign. The connection between the Democratic National Committee (DNC) and the Ukrainian government was veteran Democratic operative Alexandra Chalupa, “who had worked in the White House Office of Public Liaison during the Clinton administration” and then “went on to work as a staffer, then as a consultant, for Democratic National Committee,” Politico reported.

Chalupa was working directly with the Ukrainian embassy in the United States to raise concerns about Trump campaign chairman Paul Manafort and, according to Politico, she indicated that the Embassy was working “directly with reporters researching Trump, Manafort and Russia to point them in the right directions.” The Ukrainian embassy political officer who worked at the embassy at the time, Andrii Telizhenko, stated that the Ukrainians “were coordinating an investigation with the Hillary team on Paul Manafort with Alexandra Chalupa” and that “the embassy worked very closely with” Chalupa. The Blaze highlighted an email from WikiLeaks from Chalupa to Louise Miranda at the DNC:

“Hey, a lot coming down the pipe. I spoke to a delegation of 68 investigative journalists from Ukraine last night at the Library of Congress, the Open World Society forum. They put me on the program to speak specifically about Paul Manafort. I invited Michael Isikoff, who I’ve been working with for the past few weeks, and connected him to the Ukrainians. More offline tomorrow, since there was a big Trump component you and Lauren need to be aware of that will hit in the next few weeks. Something I’m working on that you should be aware of.” The Blaze then reported that Sytnyk, who eventually “was tried and convicted in Ukraine for interfering in the U.S. presidential election in 2016,” released a “black ledger” on Manafort during the 2016 presidential election that eventually led to Manafort’s downfall.

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Republicans drowning in donations.

Bob Woodward: GOP Senators ‘Choking’ On Trump-Ukraine Scandal (WE)

Veteran journalist Bob Woodward said Republican senators are “choking” on President Trump’s Ukraine scandal. At his second appearance in Spokane, Washington, in as many days, the famed Watergate sleuth discussed the precarious situation GOP lawmakers find themselves in as Trump faces controversy for encouraging foreign countries to investigate Joe Biden, a political rival, and his son Hunter. “I know Republican senators, and they are choking on this,” Woodward said on Friday, according to the Spokesman-Review. “Whether they say that’s too much, I don’t know.” Some Republicans in the upper chamber have begun to break ranks after Trump openly encouraged Ukraine and China to investigate the Bidens on Thursday.

Among those who have vented publicly are Maine Sen. Susan Collins, Nebraska Sen. Ben Sasse, and Utah Sen. Mitt Romney, as well as Texas Rep. Will Hurd in the House. Trump, who claims his overtures were about corruption and not crippling a political opponent in the 2020 election, repeatedly castigated Romney on Saturday, even calling for his impeachment. In a discussion with college students on Thursday, Woodward said the situation for Trump is getting “more serious each day” and predicted that impeachment in the House “is almost certainly going to happen to Trump.” He added, “But then there’s a trial in the Senate.”

On Friday, Woodward acknowledged that Trump encouraging foreign countries to investigate the Biden family is “probably not criminal,” but he nonetheless referred to the controversy as being wide in scope. Speaking of the House impeachment inquiry, Woodward said, “They’re looking through a keyhole, and it’s a panorama.” Woodward also noted how some Republicans in the Senate are seeing an advantage from the Democrats’ impeachment venture. He mentioned that Sen. Lindsey Graham, a former Trump critic who has become one of his most vociferous defenders, is seeing an influx of donations. Woodward said the South Carolina Republican told him he “couldn’t count the money fast enough.”

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If the US leaves the Kurds alone to be cannon fodder for Erdogan, it will deeply regret it. No-one counting on US support will ever trust it again.

Picked up on Twitter: “…the US persuaded the SDF Kurds to dismantle defensive positions that deterred Turkey, promising security guarantees in exchange. Then once the SDF Kurds became defenseless, Trump gave Erdogan the green light to invade. Hard to imagine a more sinister sequence of events.”

All that said, Trump has been pressing EU countries for a long time to deal with ISIS fighters from their countries. They have refused to even let them come back “home”. That would leave the US to hold them for a long time, and at great cost.

Trump Gives Blessing To Turkish Operation In Northern Syria (AFP)

Donald Trump on Sunday gave his blessing to a Turkish operation targeting Kurdish militants in northern Syria, saying the United States will stand aside as Ankara launches its “long-planned” operation. The move marks a major shift in US policy, and effectively abandons an American ally in the battle against the so-called Islamic State group that took over swathes of Syria. “Turkey will soon be moving forward with its long-planned operation into Northern Syria,” a White House statement issued late Sunday evening said.


“The United States Armed Forces will not support or be involved in the operation, and United States forces, having defeated the ISIS territorial ‘Caliphate,’ will no longer be in the immediate area,” it said, using another acronym for the Islamic State (IS) group. The statement, which followed a call between the US president and his Turkish counterpart Recep Tayyip Erdogan, also criticized “France, Germany, and other European nations” for what it said was their refusal to take back citizens detained in northern Syria. “Turkey will now be responsible for all ISIS fighters in the area captured over the past two years in the wake of the defeat of the territorial ‘Caliphate’ by the United States,” the statement said.

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Erdogan blames the US for not establishing the safe zone.

In Last Minute Call, Erdogan Agrees To Meet Trump Over Syria ‘Safe Zone’ (ZH)

Turkish President Tayyip Erdogan again threatened this weekend to initiate a military incursion into northeast Syria, where US-backed Syrian Democratic Forces (SDF) are based (and bolstered locally by small American bases), saying an offensive “both on land and air” would come “as soon as today or tomorrow.” Like many threats of an “imminent” invasion, it appears this proverbial can will be kicked further down the road, as presidents Trump and Erdogan held a “last minute” phone call on Sunday, where it appears the two leaders came to some level of an understanding. They discussed Turkey’s proposed “safe zone” east of the Euphrates in Syria — which Erdogan has long urged a resistant Washington to cooperate militarily on — and though exact details of the exchange weren’t published, they agreed to meet in Washington next month upon Trump’s invitation.

“Erdogan expressed Turkey’s unease with U.S. military and security bureaucracies not doing what is required by the agreement between the two countries, the presidency said, adding that the two men agreed to meet,” Reuters reported of the call. As we reported previously, Turkey’s military is reportedly on high alert, ready to carry out the Turkish president’s orders on short notice, after a longtime military build-up along the border. “We will carry out this operation both on land and air as soon as today or tomorrow,” Erdogan said on Saturday. “We gave all warnings to our interlocutors regarding the east of Euphrates and we have acted with sufficient patience,” the Turkish president added.

He further slammed the prospect of cooperating with the US on a US-Turkey administered safe zone “a fairytale” given Washington’s recalcitrance regarding Syria’s Kurds, the ethnic group’s militias of which Turkey considers “terrorists”. The Kurdish dominated and US-backed Syrian Democratic Forces (SDF) has vowed it will treat any invading Turkish soldiers as an act of war. In a statement the SDF said it would “not hesitate to turn any unprovoked (Turkish) attack into an all-out war” to defend its region in northeast Syria, according to Reuters.

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Given what Dominic Cummings thinks of Farage, hard to see him taking up a job with much publicity.

Arise, Commissioner Farage! (Pol.eu)

London may not be planning to nominate a commissioner to Brussels but if it does, some say there’s only one option: Nigel Farage. Conservative MP Steve Baker told the Telegraph’s Chopper Brexit Podcast that the Brexit Party member of the European Parliament would be the obvious choice to be the U.K.’s European commissioner, if Brexit is delayed and the country is able to nominate one. “I think we should appoint somebody with about twenty years experience … we should appoint somebody who’s incredibly well-known throughout the institutions, somebody who can be absolutely relied upon at all times to support our exit from the European Union,” he said.


“And therefore I unashamedly back Nigel Farage to be our next European commissioner in the event, in the unfortunate event, should it transpire, though I think it unlikely, that we have to remain in.” Baker, who leads the pro-Brexit European Research Group of MPs in the U.K. parliament, said the idea would be “inspired by the film Armageddon,” referring to a 1998 science fiction movie. There is a scene where “they’re trying to save the world, and so what they do is they land on the asteroid, and they put a nuclear weapon in the heart of the asteroid, and Nigel Farage is that nuclear weapon,” Baker said. “I’ve reason to think he might say that he would accept such an offer,” Baker added, while noting that “my sympathy for Nigel Farage, which has not always been at very high levels, has dramatically increased the more that I am demonized.”

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A traumatized people. Too easily forgotten.

Brexit Border Talk Stirs Up Bad Memories In Northern Ireland (G.)

Remnants of Hurricane Lorenzo unleashed wind and rain from the Atlantic across the area, a rural pocket of County Fermanagh that marks Northern Ireland’s border with the Republic. “Stay back, stay high, stay dry,” advised the authorities, and residents duly hunkered down. Lorenzo passed without major damage. [..] Around Gortmullan, businesses and ordinary people were left wondering if – and where – to seek cover, a dilemma dating from the 2016 referendum result that now thrummed with urgency. “We’re setting up new companies on both sides of the border,” said Liam McCaffrey, CEO of Quinn Industrial Holdings, which supplies building materials.

Customs checks would be bad enough, but Johnson’s apparent plan to give the Stormont assembly a veto over trading arrangements verged on surreal, said McCaffrey. Power sharing in Northern Ireland collapsed in January 2017 and shows little sign of reviving. “The future of how we trade is to be decided every four years by an assembly that hasn’t sat in three years? Bizarre.” Such was the challenge of Storm Boris. Perhaps it was hot air, a plan destined for oblivion to be superseded by who knows what. Or perhaps it was a blast of what is to come in a no-deal crash-out, or a deal negotiated in the next few weeks or after a general election. The uncertainty was head spinning.

[..] The 310-mile border, drawn in 1922 during the partition of Ireland, bristled with military patrols and fortifications during the Troubles. The 1998 Good Friday agreement and the EU’s single market rendered it invisible, helping to seal the peace. [..] A complex web connects the economies on both sides of the border. Trade in goods is worth about £5.2bn. About a third of Northern Ireland’s goods and services exports are sold to the Republic, while about a quarter of its imports come from the south. Downing Street says electronic paperwork and a “very small number” of physical inspections at traders’ premises would limit disruption. Farmers and business leaders dispute that. Some warn of disaster. Diageo, which makes Guinness and Baileys, estimates a hard border could cost it £1.3m, based on an estimate of an hour’s delay for each of the 18,000 beer trucks that traverse the border each year. Smaller businesses with tight margins could face ruin.

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How could this ever happen? “The parties anticipate that this agreement will not be made part of any public record. If the United States receives a Freedom of Information Act request or any compulsory process commanding the disclosure of the agreement, it will provide notice to Epstein before making that disclosure.”

An Actual Conspiracy Kept Jeffrey Epstein’s Accomplices out of Prison (MJ)

But not limited to: It was just a four-word phrase, a bit of plain contractual verbiage, but even now, more than a decade later, Spencer Kuvin has a hard time expressing just how bizarre it was. “It’s incredibly odd language,” said Kuvin, an attorney in Florida. “I’ve never seen it before in a non-prosecution agreement.” Kuvin and I were talking about the infamous and inexplicable 2007 plea deal offered by then–US Attorney Alexander Acosta, last seen slinking out of the Labor Department’s back door. Kuvin had represented three of Epstein’s victims at the time of the agreement, and Kuvin is still exercised about the deal, in particular its brief immunity clause that continues to protect Epstein’s co-conspirators.

According to a ruling by US District Judge Kenneth Marra in February 2019, “from between about 1999 and 2007, Jeffrey Epstein sexually abused more than 30 minor girls…at his mansion in Palm Beach, Florida, and elsewhere in the United States and overseas.” The ruling goes on to describe a child sex ring: “In addition to his own sexual abuse of the victims, Epstein directed other persons to abuse the girls sexually. Epstein used paid employees to find and bring minor girls to him. Epstein worked in concert with others to obtain minors not only for his own sexual gratification, but also for the sexual gratification of others.”

But back in 2007, Epstein was charged only with procuring an underage girl for prostitution, having struck an unbelievable sweetheart deal with Acosta. Epstein served 13 months in a Palm Beach County jail, of which six days a week were spent on work release in his high-rise office, a limo chauffeuring him to and from jail. He was also required to register as a sex offender. The deal on its face is incredibly favorable to Epstein. If you look closer, things get even better for him:

“The United States also agrees that it will not institute any criminal charges against any potential co-conspirators of Epstein, including but not limited to Sarah Kellen, Adriana Ross, Lesley Groff, or Nadia Marcinkova.” The four women named had allegedly helped recruit underage girls for Epstein at his direction. But that four-word phrase “but not limited to” gave a free pass to anybody who would have helped Epstein acquire or traffic underage girls for sex. How could the government agree to immunize “any potential co-conspirators” of an alleged serial child rapist? The question is at the center of so many conspiracy theories surrounding Epstein’s life and death.

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Me when I see this, I’m thinking Dante’s Ninth Circle of Hell.

Chinese Farmers Raise Mutant Pigs The Size Of Polar Bears (ZH)

Amid one of the worst food crises in recent memory, Chinese farmers are reportedly trying to breed larger pigs as the African swine fever – less affectionately known as ‘pig ebola’ – has destroyed over 100 million pigs, between one-third and a half of China’s supply of pigs by various estimates, causing pork prices to explode to levels never seen before. As Beijing scrambles to make up for the lost domestic supply with imports, even desperately waiving tariffs on American pork products in what China’s politicians tried to sell to their population (and Washington) as a “gesture of goodwill”, farmers in southern China have raised a pig that’s as heavy as a polar bear.

Once slaughtered, these giant mutant pigs can fetch a, well, giant price on the market. Here’s more from Bloomberg: “The 500 kilogram, or 1,102 pound, animal is part of a herd that’s being bred to become giant swine. At slaughter, some of the pigs can sell for more than 10,000 yuan ($1,399), over three times higher than the average monthly disposable income in Nanning, the capital of Guangxi province where Pang Cong, the farm’s owner, lives.” Soaring pork prices have encouraged small and large farms to experiment with DIY genetic experimentation, in the name of raising pigs that are about 40% heavier than the ‘normal’ weight of 125 kilos.

“High pork prices in the northeastern province of Jilin is prompting farmers to raise pigs to reach an average weight of 175 kilograms to 200 kilograms, higher than the normal weight of 125 kilograms. They want to raise them “as big as possible,” said Zhao Hailin, a hog farmer in the region.”

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The entire case is falling to bits.

Lula’s Prosecutors Request His Release From Prison. He Refuses. (Greenwald)

The same Brazilian prosecutors who for years exhibited a single-minded fixation on jailing former President Luiz Inácio Lula da Silva are now seeking his release from prison, requesting that a court allow him to serve the remainder of his 11-year sentence for corruption at home. But Lula — who believes the request is motivated by fear that prosecutorial and judicial improprieties in his case, which were revealed by The Intercept, will lead to the nullification of his conviction — is opposing these efforts, insisting that he will not leave prison until he receives full exoneration. In seeking his release, Lula’s prosecutors are almost certainly not motivated by humanitarian concerns. Quite the contrary: Those prosecutors have often displayed a near-pathological hatred for the two-term former president.

Last month, The Intercept, jointly with its reporting partner UOL, published previously secret Telegram messages in which the Operation Car Wash prosecutors responsible for prosecuting Lula cruelly mocked the tragic death of his 7-year-old grandson from meningitis earlier this year, as well as the 2017 death of his wife of 43 years from a stroke at the age of 66. One of the prosecutors who participated publicly apologized, but none of the others have. Far more likely is that the prosecutors are motivated by desperation to salvage their legacy after a series of defeats suffered by their once-untouchable, widely revered Car Wash investigation, ever since The Intercept, on June 9, began publishing reports based on a massive archive of secret chats between the prosecutors and Sergio Moro, the judge who oversaw most of the convictions, including Lula’s, and who now serves as President Jair Bolsonaro’s Minister of Justice and Public Security.

The prosecutors’ cynical gambit, it appears, is that the country’s Supreme Court — which two weeks ago nullified one of Moro’s anti-corruption convictions for the first time on the ground that he violated core rights of defendants — will feel less pressure to nullify Moro’s guilty verdict in Lula’s case if the ex-president is comfortably at home in São Paulo (albeit under house arrest) rather than lingering in a Curitiba prison. But this strategy ran into a massive roadblock when Lula demanded that he not be released from prison unless and until he is fully exonerated.

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Weep for the bankers.

HSBC Planning To Cut 10,000 More Staff (AFP)

HSBC is planning to lay off up to 10,000 staff, a report said Monday, just weeks after announcing the resignation of its chief executive and the cutting of 4,000 posts citing a weak global outlook. The latest losses, mostly in high-paid roles, are part of a fresh cost-cutting drive by interim boss Noel Quinn as the banking titan struggles to adjust to falling interest rates, Brexit and the long-running trade war, the Financial Times reported. “We’ve known for years that we need to do something about our cost base, the largest component of which is people — now we are finally grasping the nettle,” the paper quoted an unnamed source as saying.


“There’s some very hard modelling going on. We are asking why we have so many people in Europe when we’ve got double-digit returns in parts of Asia.” The London-headquartered bank last month announced the shock exit of CEO John Flint after just 18 months in the hot seat but gave no reason for the decision. At the same time it revealed it would axe two percent of its global workforce, or roughly 4,000 mostly management jobs, in a new restructuring aimed at weathering the global turmoil. Still, its reported first-half net profit rose 18.6 percent on-year to $8.5 billion. It is due to report third-quarter earnings at the end of October.

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Oct 062019
 
 October 6, 2019  Posted by at 10:14 am Finance Tagged with: , , , , , , , , , , ,  15 Responses »


Paul Gauguin Cow on the seashore 1886

 

Powell: Fed’s Job To Keep Economy In A ‘Good Place As Long As Possible’ (CNBC)
Auto Imports From Mexico Surge As US Sales Decline (WS)
The Ukraine Affair Is Damning, All Right – Just Not In The Way You Think (RT)
Trump Told Theresa May He Doubted Russia Was Behind Skripal Poisoning (G.)
US Media Now Filled With Former Intelligence Agents (Rania Khalek)
Hong Kong Democrats To Challenge Mask Ban In Court (HKFP)
Hong Kong Mask Ban Spurs New Mass Protest On Sunday (BBC)
Epstein Victim Says Leslie Wexner “Responsible For What Happened To Me” (Hill)
24 State Attorneys General Launch Legal Challenge Against Purdue Pharma (Hill)

 

 

This is so incredibly stupid and nobody calls him out over it.

Powell: Fed’s Job To Keep Economy In A ‘Good Place As Long As Possible’ (CNBC)

Federal Reserve Chairman Jerome Powell described the U.S. economy on Friday as being solid, noting the central bank must do what it can to keep it there. “While not everyone fully shares economic opportunities and the economy faces some risks, overall it is— as I like to say— in a good place,” Powell said in prepared remarks delivered at a “Fed Listens” event in Washington. The event is part of a monetary policy communication review by the Fed. “Our job is to keep it there as long as possible.” Powell’s comments came after a raft of disappointing data releases this week. On Tuesday, the Institute for Supply Management said U.S. manufacturing contracted to its weakest level in a decade.


The ISM also said Thursday that the U.S. services sector grew at its slowest pace since August 2016. The Labor Department, meanwhile, reported weaker-than-expected jobs growth for September. This batch of weaker-than-forecast economic numbers led traders to ratchet up their bets on easier monetary policy from the Fed. Market expectations for a rate cut later this month are around 80%, according to the CME Group’s FedWatch tool. “While we believe our strategy and tools have been and remain effective, the U.S. economy, like other advanced economies around the world, is facing some longer-term challenges—from low growth, low inflation, and low interest rates,” Powell said, adding the Fed is “examining strategies” that will help it achieve its inflation goal of 2%.

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Something ain’t happening.

Auto Imports From Mexico Surge As US Sales Decline (WS)

Automakers continue to shift their production base from the U.S. to Mexico, where labor costs pale in comparison with those in the U.S., despite growing opposition from U.S. auto workers and their unions. U.S. imports of new vehicles from Mexico surged by 8% in the first three quarters of 2019, according to the auto manufacturers association AIMA, released by Mexico’s National Institute of Statistics and Geography (INEGI). This surge has occurred even as total deliveries of vehicles to end-users in the US fell by 1.6%. Between January and September 2019, 2.03 million new vehicles were dispatched from assembly plants in Mexico to the U.S. market, 158,000 more than during the first three quarters of 2018.


In the last eight years, auto imports from Mexico have almost doubled, from 1.3 million in 2011 to 2.57 million last year, at annual growth rates of between 6.3% and 13.9%. Barring any major supply chain hiccups, the U.S. is on track to import over 2.7 million new vehicles from Mexico this year. The latest figures cement Mexico’s position as number one exporter of automobiles to the US, ahead of Canada in second place. According to AIMA, 16% of the 12.7 million cars and other light vehicles delivered in the U.S. in the first three quarters of 2019 were assembled in Mexico.

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Nebojsa Malic, senior writer at RT: “It’s curious how the same treatment was not given a few months ago to the anti-Trump text messages of FBI employees Peter Strzok and Lisa Page..”

The Ukraine Affair Is Damning, All Right – Just Not In The Way You Think (RT)

Democrats say texts and transcripts involving US officials dealing with Ukraine prove President Donald Trump should be impeached. What they actually confirm, however, is the extent to which the US treats Ukraine as a vassal. At the heart of the latest media firestorm are the text messages between US diplomats and Trump’s personal attorney Rudy Giuliani. House Democrats seeking to impeach Trump have already sent a subpoena to the White House seeking more documents, and their allies in the media have proclaimed the texts to be “damning.” Much of the brouhaha centers on messages from Bill Taylor, charge d’affaires at the US Embassy in Kiev, who is the only one to suggest the military aid to Ukraine and President Volodymyr Zelensky’s meeting with Trump are being “conditioned” on investigations of Hunter Biden and Ukraine’s role in 2016 meddling in the US election.

In one of the exchanges with US ambassador to the EU, Gordon Sondland, dated September 9, Taylor spells out what would become the Democrats’ argument for impeachment: “As I said on the phone, I think it’s crazy to withhold security assistance for help with a political campaign.” Sondland’s admonishment of Taylor – “I believe you are incorrect about President Trump’s intentions. The President has been crystal clear: no quid pro quo’s of any kind.” – is somehow being held up as an admission of wrongdoing, along with his request for a phone call instead of continued texts. Just like that, all of a sudden, the controversy about the so-called “whistleblower” who may have colluded with House Intelligence Committee chair Adam Schiff (D-California) before filing his complaint – based on hearsay – is declared “irrelevant” and the texts are held up as the Holy Grail of impeachment proceedings.

It’s curious how the same treatment was not given a few months ago to the anti-Trump text messages of FBI employees Peter Strzok and Lisa Page, when the entire media establishment twisted itself into pretzels to explain that when Strzok said “we’ll stop” Trump from becoming president what he really meant, you see, was something totally innocuous and not sinister at all. House Republicans have blasted the diplomatic texts as “cherry-picked” by the other party, and argued that the closed-doors testimony of Kurt Volker, former US special envoy to Ukraine who participated in the exchanges, painted a completely different picture. Reading the transcript of Volker’s opening statement, obtained and published Friday by investigative reporter John Solomon and the Federalist, seems to back that claim.

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Sacrilege. BTW, where is Skripal? Hiding out with Wexner and Maxwell?

Trump Told Theresa May He Doubted Russia Was Behind Skripal Poisoning (G.)

Donald Trump disputed that Russia was behind the attempted murder of a former Russian spy in a tense call with Theresa May, it has emerged. Despite the widespread conclusion that Vladimir Putin’s regime was behind the poisoning of Sergei Skripal and his daughter Yulia last year, the US president is said to have spent 10 minutes expressing his doubts about Russian involvement. According to the Washington Post, Trump “harangued” May about Britain’s contribution to Nato in a phone call with Britain’s then prime minister in the summer of last year, before disputing Russian involvement in the Skripal case.


“Trump totally bought into the idea there was credible doubt about the poisoning,” said a figure briefed on the call. “A solid 10 minutes of the conversation is spent with May saying it’s highly likely and him saying he’s not sure.” The Skripals were left fighting for their lives after the novichok attack in Salisbury, while a policeman was also left seriously ill. A second policeman was recently discovered to have been injured in the attack. Two Russian agents, Alexander Petrov and Ruslan Boshirov, were identified as the likely culprits. However, they later appeared on Russia’s state-funded TV station RT, claiming they visited the “wonderful” English city as tourists to see its cathedral.

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Any day now, CNN can start a spook soccer team.

US Media Now Filled With Former Intelligence Agents (Rania Khalek)

After years in the shadows overseeing espionage, kill programs, warrantless wiretapping, entrapment, psyops and other covert operations, national security establishment retirees are are turning to a new line of work where they can carry out their imperial duties. That is, propagandizing the public on cable news. Reborn as cable news pundits, these people are cashing in. So many years working in the dark, only to emerge in the studio lights of the same networks that rail all day everyday against state TV from countries that America hates. I’m talking about people like… Below is but a partial list of prominent former spooks turned mainstream media pundits and analysts, to say nothing of the even greater numbers of retired generals the network continuously rely on.

• Former CIA Director John Brennan who is now an NBC News senior national security and intelligence analyst.
• Fran Townsend, former homeland security advisor to George W. Bush. She’s now a CBS News senior national security analyst.

But CNN takes the cake — it’s the biggest spook show of all.
• Jim Clapper, former Director of National Intelligence, now a CNN national security analyst.
• Retired General Michael Hayden, former director of the CIA and the NSA, now a CNN national security analyst.
• Asha Rangappa, former FBI special agent, now CNN legal analyst.
• James Gagliano, a retired FBI supervisory special agent, now a CNN law enforcement analyst.
• Tony Bliken, former deputy secretary of state and former deputy national security advisor, and now CNN global affairs analyst.
• Mike Rogers, former chair of the House Intelligence Committee, now CNN national security commentator.
• Samantha Vinograd senior advisor to the national security advisor under President Obama, now CNN national security analyst.
• Steven Hall, retired CIA chief of Russia operations, now a CNN national security analyst.
• Philip Mudd, former CIA counter-terrorism official, now CNN counter-terrorism analyst.

…Welcome to the spook show!

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Kyle Bass on Twitter: “Bank runs all over Hong Kong now. ATM machines running out of cash but there is something more important…failed leader carrie lam(b) can now officially confiscate bank accounts and assets without recourse. The HK legal system is essentially gone.”

Challenge was already thrown out by the High Court in the meantime.

Hong Kong Democrats To Challenge Mask Ban In Court (HKFP)

Hong Kong’s pro-democracy lawmakers will challenge the newly imposed mask ban in court, arguing that Chief Executive Carrie Lam broke the law when she bypassed the legislature. Filed jointly by all 24 democrats, the lawsuit targeted the Emergency Regulations Ordinance (ERO) – the colonial-era law that grants the city’s leader and her council of advisors wide-ranging powers to “make regulations on occasions of emergency or public danger.” Democrats called for the mask ban to be suspended, before a proper judicial review hearing can be held. The court will hear their first round of arguments at Sunday 10am.


The lawmakers said that Lam “circumvented” the constitutional framework of One Country, Two Systems when she invoked the ERO to ban facial coverings at legal and unauthorised protests from Saturday. “Since the Handover, there has never been an occasion when the chief executive enacted legislation without going through LegCo,” said Civic Party lawmaker Dennis Kwok. On Friday, the High Court dismissed a bid by activists Lester Shum and “Long Hair” Leung Kwok-hung to suspend the law, saying that their case was not strong enough to outweigh the government’s rationale. Kwok said that the democrats’ lawsuit was different, as they had special standing as lawmakers to make constitutional arguments.

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Lam: “We cannot allow rioters any more to destroy our treasured Hong Kong.”

That is HER treasured HK, not THEIRS?

Hong Kong Mask Ban Spurs New Mass Protest On Sunday (BBC)

Thousands of anti-government protesters have turned out for marches in Hong Kong despite pouring rain, spurred into action by a government ban on masks. Many defiantly covered their faces as they set off from several points in a co-ordinated response to the ban, which the High Court upheld on Sunday. Metro services, which were attacked by rioters on Friday, have resumed in some parts of the Chinese city. The masks have become the latest focus in months of pro-democracy protests. Police use of live bullets against protesters this week, leaving two people injured, has also fuelled the unrest. Chief executive Carrie Lam introduced the ban by invoking powers dating back to colonial rule by the British.

Demonstrators fear that democratic rights are being eroded in the semi-autonomous territory under Chinese rule. Many more people have turned out than on Saturday, when a small march was held in the aftermath of Friday’s rioting. Two groups set off at the same time from the Causeway Bay and Tsim Sha Tsui districts, the South China Morning Post reports. Shops could be seen closing early while luxury and chain stores were closed in Causeway Bay. On Friday, both businesses and railway stations were attacked by rioters. Hosun Lee, a protester in Causeway Bay, told AFP news agency he feared more emergency laws were on the way. “The anti-face mask law is the first step,” he said.

Ms Lam vowed on Saturday to prevent further violence, saying: “We cannot allow rioters any more to destroy our treasured Hong Kong.” She justified the law against masks as a response to the demonstrators’ “extreme violence” which was, she said, endangering Hong Kong’s public safety. A second legal challenge to the mask ban, which was brought by opposition legislators, was rejected by the High Court. The legislators had argued that the prohibition was unconstitutional because it denied the rights of free expression and free assembly.

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Wexner is walking around free, as is Ghislaine. Not sure about Skripal.

Epstein Victim Says Leslie Wexner “Responsible For What Happened To Me” (Hill)

A woman allegedly attacked by Jeffrey Epstein said she holds Victoria’s Secret billionaire Leslie Wexner “responsible for what happened to me” because she was staying on a property monitored by Wexner and his wife and guarded by his security team, the Washington Post reported. Maria Farmer stayed in a home that was a half-mile away from Wexner’s home in New Albany, Ohio during the summer of 1996 while she was creating two paintings for the film “As Good as it Gets.” Farmer was employed by Jeffrey Epstein at the time, and while she was staying in the house in Ohio, she alleges that Epstein and his associate Ghislaine Maxwell sexually assaulted her.


When she tried to leave the home after the alleged assault, Farmer said a security guard employed by Wexner told her “You aren’t leaving,” and “You’re not going anywhere.” She said another security guard later took her by the arm, and as she fought against him, he grabbed her so hard she bruised. Farmer said she also tried to call local police and the Franklin County Sheriff’s office. But Wexner had contracted with the office, and a person told her “we work for Wexner,” when she tried to report the crime, Farmer told the Washington Post. She also alleged that she was discouraged from leaving the house without the permission of Abigail Wexler, Leslie Wexler’s wife. She was later picked up by her father at the Washington home.

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“..Purdue gave up to $13 billion in company profits to the Sackler family.”

24 State Attorneys General Launch Legal Challenge Against Purdue Pharma (Hill)

US Attorneys General from 24 states and Washington, D.C. launched a lawsuit against Purdue Pharma this week in an attempt to block the OxyContin maker from avoiding thousands of lawsuits after filing for bankruptcy, Reuters reported. The state officials objected to Purdue Pharma’s request that a U.S. bankruptcy judge block the more than 2,600 lawsuits seeking billions in damages, according to court filings, Reuters reported. The lawsuits argue that the company, along with the Sackler family, were a catalyst in the opioid crisis across the country by not disclosing the addictive risks of opioids. “The Sacklers are billionaires, they are not bankrupt,” the Massachusetts attorney general, Maura Healey, told Reuters.


“They should not be allowed to use the filing to shield their assets.” Purdue filed for chapter 11 bankruptcy last month, after reaching a settlement between $10 billion and $12 billion for the thousands of plaintiffs involved in the lawsuits. The committee of attorneys who negotiated the settlement said the filing will not stop the company from finalizing the settlement. But Purdue sought the injunction to stop the lawsuits against the company because the Sackler family did not file for bankruptcy, Reuters reported. The Sacklers have offered to give control of Purdue to the plaintiffs and give at least $3 billion towards the settlement. The case filed this week by the state attorneys general also said Purdue gave up to $13 billion in company profits to the Sackler family.

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Oct 032019
 
 October 3, 2019  Posted by at 10:37 am Finance Tagged with: , , , , , , , , , ,  13 Responses »


Rembrandt van Rijn Self portrait 1642

 

US Hits Scotch Whisky, Italian Cheese, French Wine With 25% Tariffs (R.)
NYT: ‘Whistleblower’ Spoke To ‘Shifty Schiff’ Before Filing Complaint (RT)
Trump Attacks Democrats, Whistleblower Over Impeachment (R.)
Lindsey Graham Urges Foreign Leaders To Assist Barr With Investigation (Pol.)
We’ll “Definitely” Interfere In 2020, Just “Don’t Tell Anybody” – Putin (ZH)
Putin Shames Greta Thunberg And Her Handlers Over Environmental Agenda (ZH)
Dismay In Brussels As Boris Johnson Finally Reveals Brexit Plan (G.)
3 Saudi Brigades Annihilated in Houthi Offensive in Saudi Arabia (Pieraccini)
Ex-Israeli Intel Exec Says Epstein, Ghislaine Worked for Israeli Intel (Webb)
Julian Assange, Britain’s Unconvicted Prisoner (Cross)

 

 

And it still can’t help Boeing. Boeing has other problems.

This is based on a recent WTO ruling on Airbus and Boeing subsidies. The EU can only strike back in 2020.

Also: “..a 10% levy that could hurt U.S. airlines such as Delta that have billions of dollars of Airbus orders waiting to be filled.”

US Hits Scotch Whisky, Italian Cheese, French Wine With 25% Tariffs (R.)

The Trump administration slapped 25% tariffs on French wine, Italian cheese and single-malt Scotch whisky — but spared Italian wine, pasta and olive oil — in retaliation for European Union subsidies on large aircraft. The U.S. Trade Representative’s Office released a list of hundreds of European products that will get new tariffs, including cookies, salami, butter and yogurt – but in many cases applied to only some EU countries, including German camera parts and blankets produced in the United Kingdom. The list includes UK-made sweaters, pullovers, cashmere items and wool clothing, as well as olives from France and Spain, EU-produced pork sausage and other pork products other than ham, and German coffee. The new tariffs are to take effect as early as Oct. 18.


The U.S. Trade Representative’s Office said it would “continually re-evaluate these tariffs based on our discussions with the EU” and expects to enter talks in a bid to resolve the dispute. Still some Italian foods — Parmesan Reggiano, Romano and provolone cheese — were hit with tariffs as were Italian fruits, clams and yogurt. Also getting new tariffs are German and British camera parts, industrial microwave ovens, printed books, sweet biscuits and waffles. The main target of the U.S. tariffs is Airbus aircraft made in the EU, which face a 10% levy that could hurt U.S. airlines such as Delta that have billions of dollars of Airbus orders waiting to be filled. EU products winning reprieves include chocolate, Greek, French and Portuguese olive oil, helicopters, frozen fish, lobster, sparkling wine, stemware and tiles.

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“I’d go a step further – I think he probably helped write” the complaint..”

NYT: ‘Whistleblower’ Spoke To ‘Shifty Schiff’ Before Filing Complaint (RT)

The CIA agent accusing President Donald Trump of a quid pro quo with Ukraine spoke to House intel chief Adam Schiff’s staff before filing his whistleblower complaint, sources say – and Trump believes the collusion goes deeper. The “whistleblower” spoke to a House Intelligence Committee staffer about his concerns, gleaned from secondhand knowledge of a phone call between Trump and Ukrainian President Volodymyr Zelensky, that the president was abusing his power – and that staffer shared the information with Schiff – before the still-anonymous CIA officer filed his complaint, according to the New York Times, which cited Schiff’s spokesman and “current and former American officials” in a report published Wednesday.


The Times’ report “shows that Schiff is a fraud,” the president told reporters during a White House press conference with Finnish President Sauli Niinisto Wednesday afternoon when he was asked about the story, calling the fact that the congressman, whom he dubbed “shifty Schiff,” knew about the complaint before it was even filed “a scandal.” “I’d go a step further – I think he probably helped write” the complaint, Trump said. “He knew long before, and he helped write it too,” he continued more confidently. The president – who elsewhere in his remarks tried out his new “corrupt news” moniker for the mainstream media – nevertheless congratulated the Times on the scoop. “Maybe they’re getting better,” he mused.

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“They should look at him for treason because he is making up the words of the president of the United States – not only the words but the meaning..”

Trump Attacks Democrats, Whistleblower Over Impeachment (R.)

U.S. President Donald Trump kept up his assaults on the Democratic lawmakers leading impeachment proceedings on Wednesday, accusing House Intelligence Committee Chairman Adam Schiff of treason, as well as attacking the unidentified whistleblower who reported concerns about his behavior. The Republican president has lashed out repeatedly at the impeachment inquiry, which was prompted by his phone call with the Ukrainian president that sought an investigation that would be damaging to a Democratic political opponent, former Vice President Joe Biden. Trump repeatedly says he did nothing wrong in his July 25 telephone call in which he asked Ukrainian President Volodymyr Zelenskiy to investigate a domestic political rival Joe Biden, the former U.S. vice president.


He has repeatedly attacked the Democratic chairman of the House of Representatives Intelligence Committee, Adam Schiff, who is leading the impeachment inquiry. “They should look at him for treason because he is making up the words of the president of the United States – not only the words but the meaning,” Trump said. He accused the Democrats’ impeachment efforts of being groundless and politically motivated. “They’ve been trying to impeach me from the day I got elected,” Trump said.

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Both sides are now timing for the 2020 elections.

Lindsey Graham Urges Foreign Leaders To Assist Barr With Investigation (Pol.)

Senate Judiciary Chairman Lindsey Graham on Wednesday asked several foreign leaders to continue to assist Attorney General William Barr with his investigation into the 2016 election. In a letter to the prime ministers of Australia, Italy and Britain, the South Carolina Republican requested their “continued cooperation with Attorney General Barr as the Department of Justice continues to investigate the origins and extent of foreign influence in the 2016 election.” At President Donald Trump’s urging, Barr is examining how the FBI investigation into connections between Russia and the Trump campaign began. Graham stated in the letter that during the 2016 election, the U.S. law enforcement and intelligence communities used a “deeply flawed dossier filled with hearsay and written by a biased, former United Kingdom intelligence officer” — a reference to the so-called Steele dossier — as part of its investigation.


He also added that law enforcement had received “intelligence from an Italian ‘professor’” — referring to Joseph Mifsud, whose interactions with a former Trump campaign adviser, George Papadopoulos, prompted the FBI to open its counterintelligence investigation — and accepted information from an Australian diplomat. That was a reference to a reported tip from an Australian official, Alexander Downer, to the FBI about possible collusion between Russia and Trump’s 2016 campaign. [..] “That the Attorney General is holding meetings with your countries to aid in the Justice Department’s investigation of what happened is well within the bounds of his normal activities,” Graham wrote. “He is simply doing his job.”

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Exposing the sheer stupidity that controls America.

We’ll “Definitely” Interfere In 2020, Just “Don’t Tell Anybody” – Putin (ZH)

Absolutely no laughing matter for the likes of Rachel Maddow and others who have now spent years locked deep in their ‘Russiagate’ navel-gazing, but at least Putin still hasn’t lost his sense of humor about it. While speaking on a panel of industry and political leaders at the Russian Energy Week conference, Putin mocked reports already alleging Moscow plans to interfere in the 2020 US presidential election. When pressed by NBC News correspondent Keir Simmons over whether former Special Counsel Robert Mueller was accurate in predicting Russia would “attempt to interfere” in the 2020 election, Putin leaned forward in a gesture to act like he was whispering a ‘secret’: “I’m going to tell you a secret,” Putin said, leaning forward. “Yes, we will definitely intervene, don’t tell anybody” he continued to an applauding crowd.

“You know, we have enough of our own problems,” Putin continued. “We are engaged in resolving internal problems and are primarily focused on this.” His characteristic public sarcasm was a hit with the crowd, at an event which included OPEC Secretary General Mohammed Barkindo and others. He followed on a more serious note by calling it “ridiculous” that Russia would interfere in the 2020 election. He also talked down his relationship and interactions with President Trump, describing that the two leaders have never been close. “In my opinion, we have good, businesslike relations, and a relatively stable level of trust,” he said during the conference’s plenary session. “We’ve never been close, and aren’t now.” However, Putin did come to the US president’s defense when asked about the Ukraine call transcript.

“From what we know, I don’t see anything compromising at all,” Putin told the audience. “I didn’t see that during this phone call Trump demanded compromising material from Zelenskiy at any cost and threatened him that he wouldn’t help Ukraine.” The Kremlin last week said its consent must be required before any calls between the US and Russian leader are published. Putin said there’s no compromising material at all in those transcripts, and added he that “any conversation can be published — I always proceed from that.” Putin also addressed last year’s controversy over his closed door summit with President Trump, saying he requested that Washington publish details of the talks. “We don’t mind,” Putin said confidently. “I assure you that there’s nothing there that would compromise President Trump.”

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I wouldn’t have said he shames her. He simply understands that Greta IS her PR handlers. She should go home and be a child, not get dragged around the planet by spin doctors.

Putin Shames Greta Thunberg And Her Handlers Over Environmental Agenda (ZH)

Russian President Vladimir Putin on Wednesday chided Swedish environmentalist Greta Thunberg and her adult handlers, after the 16-year-old gave an emotional speech at the UN late last month. “Sure, Greta is kind, but emotions should not control this issue,” said Putin. “Go and explain to developing countries why they should continue living in poverty and not be like Sweden,” he added, before saying that it was deplorable how some groups are using Thunberg to achieve their own goals. In her speech last week, Thunberg lashed out at the United Nations – saying “You have stolen my dreams and my childhood with your empty words.” Thunberg also filed a legal complaint accusing five countries of inaction on global warming – drawing the ire of French President Emmanuel Macron, and many others who noted that she’s left China out of her diatribes and lawsuit, despite being the world’s worst polluter by total volume.

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There are actually Labour MPs who support Johnson’s nothingness.

Dismay In Brussels As Boris Johnson Finally Reveals Brexit Plan (G.)

Boris Johnson appears to be fighting a losing battle to avoid Britain staying in the European Union beyond 31 October after Michel Barnier privately gave a scathing analysis of the prime minister’s new plan for the Irish border, describing it as a trap. The European commission also refused to go into the secretive and intensive “tunnel” talks with the UK’s negotiators before a crunch summit on 17 October from which the UK had hoped to deliver a breakthrough deal. Despite concerted attempts to avoid publicly trashing the UK proposals, there was dismay behind the scenes in Brussels after Johnson tabled his first concrete proposal for replacing the Irish backstop.

The prime minister had set out the outline of the government’s offer in a speech to Tory party faithful in Manchester that also laid down the battle lines for a general election. On Wednesday night, he was hopeful a parliamentary majority could be assembled to back it. Johnson’s plan involves Northern Ireland leaving the EU’s customs union at the end of transition along with the rest of the UK, necessitating checks and controls on the island of Ireland. Northern Ireland would also stay aligned with EU standards on goods if Stormont agreed by December 2020, the end of the transition period, and then in a vote every four years.

But the UK has also requested that both sides commit at treaty level “never to conduct checks at the border” even if Stormont vetoes the arrangements laid out in the new 44-page Irish protocol. Barnier said that this commitment would prevent Brussels from protecting its internal market if the Northern Ireland assembly blocked the arrangement in 2020 or at a later date. “The EU would then be trapped with no backstop to preserve the single market after Brexit,” he warned, according to someone present in the room.

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Federico Pieraccini on an attack that proves it wasn’t Iran, ever. Where’s the coverage of this in the western press? Too inconvenient?

“Let us salute the resourceful Houthis, today’s unconquerable underdogs, for giving the world’s most repugnant bullies a bloody nose, and a huge blow to their bloated egos.”

3 Saudi Brigades Annihilated in Houthi Offensive in Saudi Arabia (Pieraccini)

Many may have hitherto been led to believe that the Houthis were a ragtag armed force lacking in sophistication. Many, seeing the drone and missile attacks on Saudi oil plants, may have declared it to be a false-flag attack carried out by Riyadh to boost Aramco’s market value; either that or it was an operation carried out by Iran or even Israel. On Saturday September 28, the Houthis put paid to such speculation by confirming what many, like myself, have been writing for months; that is, that the asymmetrical tactics of the Houthis, combined with the conventional capabilities of the Yemeni army, are capable of bringing the Saudi kingdom of Mohammed Bin Salman to its knees.

The Yemeni army’s missile forces are able to carry out highly complex attacks, no doubt as a result of reconnaissance provided by the local Shia population within the Kingdom that is against the House of Saud’s dictatorship. These Houthi sympathisers within Saudi Arabia helped in target identification, carried out reconnaissance within the plants, found the most vulnerable and impactful points, and passed this intelligence on to the Houthis and Yemeni army. These Yemeni forces employed locally produced means to severely degrade Saudi Arabia’s crude-oil-extraction and processing plants. The deadly strikes halved oil production and threatened to continue with other targets if the Saudi-conducted genocide in Yemen did not stop.

On Saturday 29 the Houthis and the Yemeni army conducted an incredible conventional attack lasting three days that began from within Yemen’s borders. The operation would have involved months of intelligence gathering and operational planning. It was a far more complex attack than that conducted against Aramco’s oil facilities. Initial reports indicate that the forces of the Saudi-led coalition were lured into vulnerable positions and then, through a pincer movement conducted quickly within Saudi territory, the Houthis surrounded the town of Najran and its outskirts and got the better of three Saudi brigades numbering in the thousands and including dozens of senior officers as well as numerous combat vehicles. This event is a game changer, leaving the US, Mike Pompeo and the Israelis and Saudis unable to lay the blame on Iran as all this took place a long way from Iran.

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Whitney Webb strikes again.

Ex-Israeli Intel Exec Says Epstein, Ghislaine Worked for Israeli Intel (Webb)

In an interview with Zev Shalev, former CBS News executive producer and award-winning investigative journalist for Narativ, the former senior executive for Israel’s Directorate of Military Intelligence, Ari Ben-Menashe, claimed not only to have met Jeffrey Epstein and his alleged madam, Ghislaine Maxwell, back in the 1980s, but that both Epstein and Maxwell were already working with Israeli intelligence during that time period. In an interview last week with the independent outlet Narativ, Ben-Menashe, who himself was involved in Iran-Contra arms deals, told his interviewer Zev Shalev that he had been introduced to Jeffrey Epstein by Robert Maxwell in the mid-1980s while Maxwell’s and Ben-Menashe’s involvement with Iran-Contra was ongoing. Ben-Menashe did not specify the year he met Epstein.

Ben-Menashe told Shalev that “he [Maxwell] wanted us to accept him [Epstein] as part of our group …. I’m not denying that we were at the time a group that it was Nick Davies [Foreign Editor of the Maxwell-Owned Daily Mirror], it was Maxwell, it was myself and our team from Israel, we were doing what we were doing.” Past reporting by Seymour Hersh and others revealed that Maxwell, Davies and Ben-Menashe were involved in the transfer and sale of military equipment and weapons from Israel to Iran on behalf of Israeli intelligence during this time period. He then added that Maxwell had stated during the introduction that “your Israeli bosses have already approved” of Epstein. Shalev later noted that Maxwell “had an extensive network in Israel at the time, which included the then-Prime Minister Ariel Sharon, according to Ben-Menashe.”

Ben-Menashe went on to say that he had “met him [Epstein] a few times in Maxwell’s office, that was it.” He also said he was not aware of Epstein being involved in arms deals for anyone else he knew at the time, but that Maxwell wanted to involve Epstein in the arms transfer in which he, Davies and Ben-Menashe were engaged on Israel’s behalf.

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“These inconsistencies should raise serious doubts as to whether the British justice system is operating objectively and according to domestic and international legal norms.”

We had no such doubts any more.

Julian Assange, Britain’s Unconvicted Prisoner (Cross)

This article is a second piece focusing on Belmarsh prison, where the founder of Wikileaks, Julian Assange, continues to be arbitrarily detained by the British government. The first part showed how Belmarsh prison has been systematically denying Assange access to justice by restricting all the means through which he could prepare his defence; access to and possession of legal documents, talking to his US lawyers, restricted meetings with his UK lawyers, and access to a laptop as a basic means to prepare his defence. These restrictions have been imposed in contradiction to all legislation and standards regarding the rights of the prisoner. This piece looks at the weaponizing of Category A prison security and the use of prison healthcare isolation as part of a program of the state-sponsored abuse of a journalist imprisoned for releasing prima facie evidence of US war crimes committed in Iraq and Afghanistan.

The decision on 13th September by Judge Vanessa Baraitser in a ‘technical hearing‘ at Westminster Magistrate’s Court, means that although Assange has been given parole half way through what experts believe was a disproportionate 50 week sentence for skipping police bail in 2012, he will still be kept in prison while he is fighting extradition to the US – a process which could take many years. Baraitser justified her decision as follows: “In my view I have substantial ground for believing if I release you, you will abscond again” She described his status now as: “…from a serving prisoner to a person facing extradition”

According to the British judiciary, Assange was initially apprehended and sentenced to prison because he had ‘skipped bail’ by seeking refuge for political asylum in London’s Ecuadorian embassy. Despite the fact the original investigation in which he was wanted for questioning (and complied) by Swedish authorities had been dropped, the British courts still treated Assange as a serious criminal and sentenced him as such. The narratives in Baraitser’s statement, the injustices arising from them and the proceedings around this hearing have all been highlighted and roundly condemned. What’s more, despite the change to Assange’s prisoner status, he has so far been kept in Belmarsh. These inconsistencies should raise serious doubts as to whether the British justice system is operating objectively and according to domestic and international legal norms.

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Sep 302019
 


Rembrandt van Rijn Self-portrait 1629

 

Snapback To Higher Bond Yields? At Least Five Years, Strategists Say (R.)
Why The US “Decoupling” Miracle Ends In 72 Hours (ZH)
Trump Demands To Meet Whistleblower, Warns Of ‘Big Consequences’ (Hill)
The Ukraine Boomerang (Brian Cates)
Congressional Democrats Have No Credibility On Impeachment (Fed.)
Saudi Prince Says War With Iran Would Gut World Economy (AFP)
Russia Rolls Out The Red Carpet For Huawei Over 5G (AFP)
China Aims To Shut 8.7 GW Of Coal Power By Year-End (R.)
Record US Tariff Award Over Airbus Aid Could Fuel Trade Tensions (R.)
FBI Expands Investigation Into Prince Andrew’s Ties To Jeffrey Epstein (GP)
To Pay Attention, the Brain Uses Filters, Not a Spotlight (QM)

 

 

Brilliant. Hidden in paragraph umpteen: ”Bond strategists have not only been wrong-footed for several years in predicting significantly higher yields, which have not materialized, their predictions last year for where major government bond yields would be at now were also well off the mark.” So what do you do? You poll these people who are always wrong, and write a piece.

The reality is, yields and rates are both stuck at the bottom, unless and until there’s a revolt. It’s out of central bankers’ hands.

Snapback To Higher Bond Yields? At Least Five Years, Strategists Say (R.)

A return to significantly higher yields will take longer than previously thought, according to a Reuters poll of fixed-income strategists who slashed their year-ahead major government bond yield forecasts to the lowest since polling began 17 years ago. With no resolution in sight to the U.S.-China trade war, the current modest global economic expansion cycle has taken a hit, prompting major central banks to shift to policy easing this year from a tightening view at the turn of last year. That has not only pushed benchmark sovereign bonds yields to new lows this year, but has also resulted in over $17 trillion – a record amount – of debt securities pushed into the negative yields territory.

And according to the Sept. 19-27 poll of over 100 strategists, that trend of subdued yields is here to stay. About 70% of strategists who answered an additional question said the era of low interest rates and sovereign bond yields will last at least another five years, compared to two years predicted just three months ago. Roughly the same proportion of respondents also said the risk to major sovereign bond yields are tilted toward further declines rather than rises for the remainder of this year. “It is very difficult to imagine a situation where you get a significant upward move in yields. There is clearly a political element at work and then there is policy easing from central banks, which together are anchoring yields lower,” said Beata Caranci, chief economist at TD Bank, referring to the U.S.-China trade war.


“While you can certainly get the risk premium priced-out on the political side, the economic and international side will continue to weigh.” Bond strategists have not only been wrong-footed for several years in predicting significantly higher yields, which have not materialized, their predictions last year for where major government bond yields would be at now were also well off the mark.

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“In the final month of the fiscal year, federal agencies scramble to spend what’s left in their annual budget.”

Why The US “Decoupling” Miracle Ends In 72 Hours (ZH)

The last few weeks have seen a dramatic surge in US macro data surprises (to the upside), dramatically diverging from the rest of the world (and almost single-handedly improving the global data)… This sudden surge, however, is not a total surprise as we have noted the seasonal patterns in US economic data previously. So why does this pattern exist – and why is it particularly strong in recent weeks? Simple – as OpenTheBooks.com details – it is a reflection of the Federal Government’s “Use-It-Or-Lose-It” Spending Spree…

In the final month of the fiscal year, federal agencies scramble to spend what’s left in their annual budget. Agencies worry spending less than their budget allows might prompt Congress to appropriate less money in the next fiscal year. To avoid this, federal agencies choose to embark on an annual shopping spree rather than admit they can operate on less. This is the “use-it-or-lose-it” spending phenomenon, and it happens every year.

And that surge in spending coincides with this sudden ‘surprise’ burst to the upside. For some context from last year: In the final week of the fiscal year, federal agencies signed nearly 10 percent of all fiscal year 2018 contracts. Between 2015 and 2018, federal spending during the final month of the fiscal year increased by 39 percent. From 2017 to 2018, September spending increased by 16 percent. Contract spending in September 2018 totaled nearly $97 billion. In the final seven days of fiscal year 2018, federal agencies spent $53.3 billion – more than they spent in the entire month of August 2018 ($47 billion). The federal government spent $544 billion on all fiscal year 2018 contracts, but nearly 18 percent of these contracts were purchased in the final month of the fiscal year.

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The guy/gal is no whistleblower, but it’s too late to correct that. But still, Trump should demand to meet the people who fed him/her the info.

Trump Demands To Meet Whistleblower, Warns Of ‘Big Consequences’ (Hill)

President Trump on Sunday evening called for the outing of a whistleblower and railed against other individuals, including Rep. Adam Schiff (D-Calif.), at the center of a growing scandal involving his phone call with Ukraine’s president, warning there could be “Big Consequences.” “Like every American, I deserve to meet my accuser, especially when this accuser, the so-called ‘Whistleblower,’ represented a perfect conversation with a foreign leader in a totally inaccurate and fraudulent way. Then Schiff made up what I actually said by lying to Congress,” Trump said in a series of tweets.


“His lies were made in perhaps the most blatant and sinister manner ever seen in the great Chamber,” he continued before adding that he wants Schiff, the chairman of the House Intelligence Committee, “questioned at the highest level for Fraud & Treason.” “In addition,” he added, “I want to meet not only my accuser, who presented SECOND & THIRD HAND INFORMATION, but also the person who illegally gave this information, which was largely incorrect, to the ‘Whistleblower.’ Was this person SPYING on the U.S. President? Big Consequences!”

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“It is being reported that Rep. Adam Schiff (D-Calif.) had the information from this so-called “whistleblower” complaint back in August and he held it back while dropping vague, ominous hints.”

The Ukraine Boomerang (Brian Cates)

It now seems Democrats think they have at last found a real scandal they can use to move forward with impeachment hearings in the House. The new fake Trump scandal rolled out last weekend by the Democrats involves a phone call held on July 25 between President Trump and the newly installed President of Ukraine, Volodymyr Zelensky. An anonymous government official, described inaccurately as a ‘whistleblower,’ made an official complaint to the Intelligence Community’s Inspector General’s Office about some of the things Trump supposedly said during this call. According to the complaint that was filed, Trump tried to strong-arm Zelensky into agreeing to investigate former Vice President Joe Biden and his son, Hunter Biden. Biden is currently the frontrunner and favorite to win the Democratic nomination to run against Trump next year.

To pressure Zelensky into agreeing to investigate the Bidens, the anonymous leaker claimed Trump threatened to withhold military aid that had already been approved to Ukraine. So if true, this would indeed be a huge scandal, if a sitting President tried to coerce a foreign government into investigating or manufacturing a criminal probe of his political opposition. It is being reported that Rep. Adam Schiff (D-Calif.) had the information from this so-called “whistleblower” complaint back in August and he held it back while dropping vague, ominous hints. The same players in the Russiagate hoax were trying to launch a Ukrainian hoax using the exact same strategy: vague leaks based on anonymous sources so story after story could be rolled out in the fake news media alleging Trump crimes.


Only this strategy was instantly blown up this time, and in quite a savage fashion by this president. Trump now has his people in place and all the evidence has been collected. He didn’t need to wait to completely blow up this new Ukrainian narrative. This tells me Trump had his own counter-narrative all ready and waiting to launch whenever the Democrats and their DNC Media Complex allies tried this futile Ukrainian gambit.

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Congress ignores its own vulnerability.

Congressional Democrats Have No Credibility On Impeachment (Fed.)

For an impeachment, the importance of public trust in our political institutions can’t be overstated. Generally speaking, the American polity can only afford impeachment when social cohesion and trust in public institutions is high. Congress has only initiated impeachment inquiries three times in U.S. history, and under circumstances far different than what we’re dealing with now. The two impeachment inquiries of the modern era, which resulted in very different outcomes, took place when the American people had far greater confidence in Congress.

In 1974, the same year Congress opened an impeachment inquiry against President Richard Nixon, Gallup began asking Americans about their approval or disapproval of Congress (a question asked of presidents beginning in the 1930s). That year, Congress received an average approval rating of 32 percent. By April of 1975, some eight months after Nixon resigned from office following the approval of three articles of impeachment against him, it was nearly 40 percent. In October 1998, when the Republican-controlled U.S. House of Representatives voted to commence impeachment proceedings against President Bill Clinton, Congress had a 47 percent approval rating. By the time the Senate trial began in January 1999, Congress’s approval rating had risen to 50 percent. Even after Clinton was acquitted, Congress maintained better than 40 percent approval.


Today, congressional approval is less than half that: a recent Economist/YouGov poll found job approval of Congress at just 14 percent. And of course it’s not just Congress. We’re living through a period when public confidence in all our institutions has collapsed, including organized religion, labor, big business, public schools, and the news media. Only 17 percent of Americans now say they can trust the government, compared to three-quarters when the question was first asked in 1958. In such an environment, congressional Democrats and the mainstream media should be at pains to prove their trustworthiness. But they’re doing just the opposite.

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Merely an attempt to provide him with a podium on which to deny he killed Khashoggi. You can feel the spin doctors.

Saudi Prince Says War With Iran Would Gut World Economy (AFP)

Saudi Arabia’s crown prince said in an interview aired Sunday that war with Iran would devastate the global economy and he prefers a non-military solution to tensions with his regional rival. “If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests,” Prince Mohammed bin Salman told the CBS program “60 Minutes.” “Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes,” the prince said. The prince said a war between Saudi Arabia and Iran would be catastrophic for the world economy.


“The region represents about 30 percent of the world’s energy supplies, about 20 percent of global trade passages, about four percent of the world GDP. Imagine all of these three things stop,” he said. “This means a total collapse of the global economy, and not just Saudi Arabia or the Middle East countries.”

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Putin trolling?!

Russia Rolls Out The Red Carpet For Huawei Over 5G (AFP)

While the US banned Huawei for alleged espionage and asked its allies to do the same, Moscow has rolled out the red carpet for the Chinese tech company, letting it develop 5G networks in Russia. Analysts say the move is as much a show of solidarity with Beijing against the US as it is a drive to bring ultra high-speed internet to Russian tech users. This month, Huawei opened its first 5G test zone in Moscow in partnership Russian operator MTS, with a view to rolling out the service to the rest of the capital. Moscow authorities say the network will become part of the city’s normal infrastructure within the next few years.


A pioneer in telecoms networks compared to many Western countries, Russia plans to deploy 5G in all of its main cities by 2024. When Chinese President Xi Jinping visited Russia in June — at the height of Washington’s conflict with Huawei — Russia’s main operator MTS signed a contract with the Chinese company. At the inauguration of the 5G zone in Moscow, the CEO of Russia’s branch of Huawei Zhao Lei praised the company’s activities in the country. “We have been working in Russia for 22 years. Thanks to our partners, we live well here,” he said. He added that Huawei, considered a world leader in 5G technology, plans to “lead in the development of 6G” in the future.

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Which is less than 1% of capacity, while planning calls for a 30% increase in that same capacity.

China Aims To Shut 8.7 GW Of Coal Power By Year-End (R.)

China will aim to shut a total of 8.66 gigawatts (GW) of obsolete coal-fired power capacity by the end of this year, its energy regulator said, part of its efforts to curb smog and greenhouse gas emissions. The National Energy Administration didn’t say how much of the target, equal to just under 1 percent of total capacity, had already been met. All provinces and regions have been ordered to shut coal-fired power units with a capacity of less than 50,000 kilowatts (kW), the regulator said on its website on Sunday. Larger units of up to 100,000 kW in regions covered by large-scale power grids will also be eliminated, along with those that have reached the end of their designed service period, it said.


Central China’s Henan province, one of the country’s most polluted regions, is under pressure to shut 1.6 GW this year, while southeastern Guangdong province near Hong Kong will shut 2.3 GW. China has promised to ease its dependence on coal, and it has also forced most of its coal-fired power plants to install ultra-low emissions technology in a bid to curb smog. But while China has cut the share of coal in its total energy mix from 68% in 2012 to 59% last year, overall consumption has continued to increase and environmental groups estimate that it still has more than 200 GW of new coal-fired capacity in the pipeline. The China Electricity Council, which represents the country’s power industry, predicts that total coal-fired capacity could eventually peak at 1,300 GW, up from around 1,000 GW now.

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US to target EU goods. Then EU can target US in 2020. They BOTH screwed up.

Record US Tariff Award Over Airbus Aid Could Fuel Trade Tensions (R.)

Transatlantic trade ties face renewed disruption this week when global arbiters are expected to grant the United States a record award allowing it to hit European imports with billions of dollars of tariffs in a long-running aircraft subsidy dispute. The World Trade Organization (WTO) has found that both European planemaker Airbus and its U.S. rival Boeing received billions of dollars of illegal subsidies in a pair of cases that have run for 15 years. Both sides have threatened tariffs after the Geneva body found neither adhered fully to its findings. However, the United States has a head start, with the European Union having to wait until early in 2020 to hear what level of retaliation it can exact over Boeing.


The WTO is expected this week to reveal the amount of EU goods the United States can target. People familiar with the case say the three-person tribunal is expected to award it around $7.5 billion, a record for the 24-year-old watchdog. Such retaliation rights are rarely granted by the WTO – most parties reach settlements – and in many cases complainants do not exercise their rights. The United States though has indicated it will target EU goods to the fullest extent. It has already published a $25 billion list from which it will pick items to target from aircraft and aerospace parts to wine, cheese and luxury goods.

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Don’t hold your breath.

FBI Expands Investigation Into Prince Andrew’s Ties To Jeffrey Epstein (GP)

The FBI has expanded its investigation into Prince Andrew’s ties to dead pedophile Jeffrey Epstein. The UK’s Sunday Times reported that the FBI is attempting to “identify more of the billionaire’s victims, who could provide information on the royal.” According to their report, the FBI is planning to spend the next two months questioning alleged trafficking victims. They have reportedly briefed Scotland Yard to their plans and their UK counterpart has agreed to assist the investigation. “The US investigation is focusing on several potential victims in the hope that they can provide more details about Prince Andrew and his connection to the Epstein case,” a source from the Department of Justice told the Sunday Times. The source added that “they are not going to dismiss it [claims relating to Andrew] because he is a royal.”


The Duke of York has been accused of having sex with Virginia Roberts Giuffre when she was only 17, at the behest of Epstein and his alleged recruiter and groomer Ghislaine Maxwell. There is an infamous photo of her with the prince when she was very young, which he has claimed is fake. The royal has also been photographed inside the home of Epstein, as another young girl is seen leaving the apartment. The Times report says that Giuffre’s allegations are not the only ones they are looking into related to Prince Andrew. Law and Crime reports that “Dai Davies is Scotland Yard’s former head of royal protection and he personally oversaw Prince Andrew’s protection during the 90s. He said it was in the ‘public interest’ for authorities to investigate Prince Andrew now since London police previously shuttered an investigation based on claims made by Giuffre in 2015.”

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This makes me think only of how people process the news these days.

To Pay Attention, the Brain Uses Filters, Not a Spotlight (QM)

We can pick out a conversation in a loud room, amid the rise and fall of other voices or the hum of an air conditioner. We can spot a set of keys in a sea of clutter, or register a raccoon darting into the path of our onrushing car. Somehow, even with massive amounts of information flooding our senses, we’re able to focus on what’s important and act on it. Attentional processes are the brain’s way of shining a searchlight on relevant stimuli and filtering out the rest. Neuroscientists want to determine the circuits that aim and power that searchlight. For decades, their studies have revolved around the cortex, the folded structure on the outside of the brain commonly associated with intelligence and higher-order cognition. It’s become clear that activity in the cortex boosts sensory processing to enhance features of interest.


But now, some researchers are trying a different approach, studying how the brain suppresses information rather than how it augments it. Perhaps more importantly, they’ve found that this process involves more ancient regions much deeper in the brain — regions not often considered when it comes to attention. By doing so, scientists have also inadvertently started to take baby steps toward a better understanding of how body and mind — through automatic sensory experiences, physical movements and higher-level consciousness — are deeply and inextricably intertwined.

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“The secret of getting ahead is getting started”
Mark Twain

 

 

 

 

Sep 252019
 


Salvador Dali Pianc 1919

 

Tulsi Gabbard Qualifies For Fourth Presidential Debate (Hill)
Tulsi Gabbard Refuses To Join Fellow Democrats’ Calls For Impeachment (ZH)
Why The House Democratic Caucus Moved So Rapidly Toward Impeachment (Grim)
Senate GOP Vows To Quash Impeachment Articles (Hill)
Trump Team Brushes Off Impeachment Inquiry, Raises Cash (R.)
As Democrats Begin Trump Impeachment, Michael Flynn Case May Be Imploding (RT)
UK Supreme Court Rules Prorogation “Unlawful, Void And Of No Effect” (G.)
Boeing To Pay Bereaved 737 Families $144,500 Each (BBC)
French Investigators Search Jeffrey Epstein’s Luxury Paris Apartment (AFP)
Bitcoin Plummets, Down 35% Since Early August (R.)
German Lawmakers Warn Greta Thunberg’s Activism Threatens Rational Debate (RT)
‘Radical’ Greta Thunberg ‘Antagonizes Our Societies’, Macron Says (RT)

 

 

How about if they don’t give her any speaking time?

Tulsi Gabbard Qualifies For Fourth Presidential Debate (Hill)

Rep. Tulsi Gabbard (D-Hawaii) became the 12th Democratic presidential candidate to qualify for the party’s October primary debate on Tuesday after a new poll showed her with 2 percent support in New Hampshire. To qualify for the October debate, candidates have to collect contributions from 130,000 unique donors and register at least 2 percent in four Democratic National Committee-approval polls. Gabbard met the donor benchmark weeks ago but has struggled to notch enough support in a fourth poll to put her over the polling threshold.


That changed on Tuesday after a Monmouth University poll showed the Hawaii congresswoman with 2 percent support among registered New Hampshire Democrats and unaffiliated voters who are likely to vote in the crucial first-in-the-nation primary on Feb. 11. Gabbard is the 12th presidential candidate to make the cut for the fourth primary debate, which is slated to be held in Westerville, Ohio, on Oct. 15. Other candidates have until Oct. 1 to qualify for the event. Only one other candidate, best-selling author Marianne Williamson, is relatively close to qualifying for the fourth debate. She has already surpassed the 130,000-donor threshold but needs to register at 2 percent or higher in at least three more qualifying polls.

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One sane voice: ” terribly divisive for the country “.

Tulsi Gabbard Refuses To Join Fellow Democrats’ Calls For Impeachment (ZH)

Rep. Tulsi Gabbard (D-Hawaii) is certainly the most interesting and ‘outside-the-establishment-box’ candidate on the Democrat side running for president — a “Ron Paul of the Left” of sorts given her outspoken criticism of US regime change wars and standing against foreign policy adventurism as her central message. She even once met in 2016 with then President-elect Trump to discuss Syria policy and non-interventionism at a private meeting at Trump Tower just ahead of his being sworn into office, after which she said both agreed to resist “the drumbeats of war [on Syria] that neocons have been beating to drag us into an escalation…”.

And now she’s resisting calls for Trump to be impeached, saying it would be “terribly divisive”. She told “Fox & Friends” on Tuesday that she’ll remain consistent to her message that the road to 2020 can only be found in a clear victory and mandate, saying it’s for “the American people… making that decision” of who is in the White House, not impeachment. “I believe that impeachment at this juncture would be terribly divisive for the country at a time when we are already extremely divided. The hyperpartisanship is one of the main things driving our country apart,” Gabbard told host Brian Kilmeade.

Once again showing herself outside of the establishment and its blindly loyal partisan narrative, and perhaps more in-tune with the American public, she’s further setting herself apart from her main Democratic rivals and the presidential nominee front-runners on this one. “I think it’s important to beat Donald Trump, that’s why I’m running for president,” she said. “But I think it’s the American people who need to make their voices heard making that decision.” Top contender Elizabeth Warren, for example, tweeted early Tuesday, “The House must impeach. It must start today.”

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“The seats of upward of 200 Democrats were being put at risk to protect a handful of loud frontliners..”

Why The House Democratic Caucus Moved So Rapidly Toward Impeachment (Grim)

The members without official primary challenges were by no means safe, either, as they might soon draw a challenge unless the trajectory of the politics changed. Freshman Lori Trahan from Massachusetts, for instance, came out for impeachment after Dan Koh, whom she beat in a primary by 147 votes in 2018, called on her to do so, with the clear threat that he may run again. The seats of upward of 200 Democrats were being put at risk to protect a handful of loud frontliners, Raskin argued, and it wasn’t obvious that the strategy was actually protecting them from anything. Grassroots activists were demobilizing, Democrats across the board were facing primary challenges, and somehow, someway, Democrats seemed to be losing, again, to Trump. Something had to give.

[..] The news had landed like a bomb in a Democratic caucus that was already ready to explode. Calls to impeach Trump rained down from the party’s left flank and its presidential candidates. On Friday evening, Democrats were bracing for a backlash back home. “It’s going to be a brutal weekend for a lot of people, especially those who haven’t spoken for impeachment,” one Democrat predicted. Indeed it was. Democrats, including frontliners, spent the weekend furiously texting and calling each other as they worked through how to respond to Trump’s latest lawlessness. “People are pissed,” said another Democrat over the weekend. “Frontliners are pissed! And not even the ‘progressive’ frontliners either.”

Pelosi didn’t seem to understand the shift that was taking place under her feet. Reporter John Harwood asked an aide to Pelosi over the weekend if the news changed her calculus on impeachment and got back the reply: “no. see any GOP votes for it?” Jon Favreau, a speechwriter for President Barack Obama who now serves, from his perch at Pod Save America, as something of a tribune for the volunteer-resistance army that phone banked and door-knocked Democrats into the majority, was apoplectic. “This is insane,” he said. “This is pathetic. This is not what we worked so hard for in 2018.” By Tuesday afternoon, Pelosi was calling for impeachment proceedings to begin.

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“..59 percent of adults nationwide opposed the start of impeachment proceedings..”

Senate GOP Vows To Quash Impeachment Articles (Hill)

Senate Republicans are vowing to quickly quash any articles of impeachment that pass the House and warn that Democrats will feel a political backlash if they go forward and impeach President Trump. Republican senators say there are no grounds to impeach Trump and are daring Speaker Nancy Pelosi (D-Calif.) to embark on what they dismiss as a fool’s errand that will turn off swing voters. “My response to them is go hard or go home,” said Sen. John Kennedy (R-La.), a member of the Senate Judiciary Committee, which has jurisdiction over impeachment. “If you want to impeach him, stop talking. Do it. Do it. Go to Amazon, buy a spine and do it. And let’s get after it.”

“I think the public will feel like it’s more harassment,” he predicted. Republicans say that impeachment will boomerang on Pelosi and Senate Minority Leader Charles Schumer (D-N.Y.), who have tried to resist pressure from the left to impeach Trump for more than a year. Senate Republican Whip John Thune (S.D.) warned that Democrats are embarking on a politically perilous journey. “It’s a risky strategy on their part. I know they’re under a lot of pressure to do it, but if you’re the leadership over there, you got to think long and hard about what the implications are if it looks like you’re overreaching,” he said.

[..] Senate Judiciary Committee Chairman Lindsey Graham (R-S.C.) on Tuesday said articles of impeachment based on the report by former special counsel Robert Mueller would be disposed of quickly in the Senate, reiterating comments he made in May, a month after the report’s release. “Yeah, if it’s based on the Mueller inquiry,” Graham said when asked if he still believes the Senate will quickly quash articles of impeachment. Graham said it’s harder to say how the Senate would handle articles of impeachment based on a whistleblower complaint because little is known about its contents. “Who knows what’s in it,” he said of the Ukraine-related complaint. “I haven’t heard anything. I’m not going to speculate on stuff like that.”

Polls conducted since the start of 2017, when Trump took office, have shown voters consistently oppose impeachment. An NBC News–Wall Street Journal poll conducted in July showed that 50 percent of registered voters nationwide oppose the launch of impeachment hearings, while only 21 percent said they supported the start of hearings. In March, the percentage of voters who opposed impeachment hearings stood at 47 percent, according NBC News–Wall Street Journal polling. An ABC News–Washington Post poll conducted at the end of June and beginning of July found that 59 percent of adults nationwide opposed the start of impeachment proceedings. That number was up from 54 percent in March.

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They saw it coming.

Trump Team Brushes Off Impeachment Inquiry, Raises Cash (R.)

Trump’s re-election campaign raised a quarter of a million dollars in just 15 minutes on Tuesday in the immediate aftermath of House of Representatives Speaker Nancy Pelosi’s announcement about the probe. The president, tweeting from Trump Tower in New York where he launched his 2016 campaign for the White House, blasted out a video shortly after she finished that highlighted how Democrats had talked about pushing him out for 2-1/2 years. Far from exuding an aura of concern that might accompany the disclosure that a president faced formal efforts to remove him from power, Trump’s advisers appeared full of bravado and almost pleased by the news. “We had a lot of things prepared just in case the Democrats were, in fact, that stupid.


And in fact, they were,” said Tim Murtaugh, the Trump campaign’s communications director, reacting to the impeachment process and disclosing the campaign’s early cash haul. “So we’re probably going to have a tremendous fundraising surge. We think that this gets the president just that much closer to a landslide victory.” The campaign prepared the video Trump tweeted some six weeks ago, he said, long before the latest controversy over his call with Ukraine President Volodymyr Zelenskiy in July. [..] Trump, who in a tweet after Pelosi’s announcement, labeled the probe “Witch Hunt garbage,” also appeared to embrace the argument that the impeachment effort could help his 2020 prospects. “They all say that’s a positive for me, for the election,” Trump told reporters in New York. “But the good news is, the voters get it. This is why they say it’s good for the election. But you know what? It’s bad for the country.”

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“Powell also called Schiff’s demand “theatrical” and accused the Russiagate-promoting congressman of “disregard for propriety, professionalism, prior practices and ethics.”

As Democrats Begin Trump Impeachment, Michael Flynn Case May Be Imploding (RT)

Flynn’s case is still pending, but the prosecutors just suffered a major setback. On Tuesday, Judge Anthony Trenga in the Eastern District of Virginia threw out the jury conviction of his business partner Bijan Rafiekian, saying that the government “failed to offer substantial evidence” he acted as a foreign agent of Turkey. “The evidence was insufficient as a matter of law for the jury to convict Rafiekian,” Trenga wrote in his ruling, granting Rafiekian’s motion for acquittal. If the prosecutors successfully appeal the decision, he would have to be tried all over again.

While Flynn was not charged as a co-conspirator in Rafiekian’s case, prosecutors tried to add the claim that he deliberately lied to the government about his company’s violations of the Foreign Agents Registration Act (FARA) to Flynn’s admission of allegedly lying to the FBI about his conversations with the Russian ambassador to the US. It was the investigation of Flynn that triggered the special counsel probe, after sacked FBI director James Comey claimed Trump had asked him to “let it go,” thus obstructing justice. nFlynn’s sentencing is still pending, but the Rafiekian decision increases the odds that his own case might be thrown out. The judge in the case is already on record disliking the practice of prosecutors withholding exculpatory evidence – also known as Brady materials – from the defense.

Earlier this month, Flynn’s lawyers demanded this evidence, and argued that the entire case should be thrown out because of prosecutorial misconduct. Meanwhile, Flynn has invoked his Fifth Amendment rights to decline testimony before the House Intelligence Committee. Flynn will “not appear before your committee on September 25, 2019 to be paraded, harassed or disparaged for doing so,” his attorney Sidney Powell said in a letter to chairman Adam Schiff (D-California) on Monday. Powell also called Schiff’s demand “theatrical” and accused the Russiagate-promoting congressman of “disregard for propriety, professionalism, prior practices and ethics.”

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If he doesn’t resign, why?

UK Supreme Court Rules Prorogation “Unlawful, Void And Of No Effect” (G.)

A humiliated Boris Johnson has been forced to cut short a set-piece visit to New York and fly back to face furious MPs, after his decision to shut down parliament was dramatically quashed by the supreme court. After Lady Hale delivered a crushing unanimous verdict in which she said Johnson’s advice to the Queen to suspend parliament was, “unlawful, void and of no effect”, the prime minister struck a defiant tone. “Let’s be absolutely clear that we respect the judiciary in our country and we respect the court. I disagree profoundly with what they had to say,” he said, before pressing ahead with a planned speech on the business links between the UK and the US. But a No 10 source criticised the 11 supreme court judges, saying they had made “a serious mistake in extending its reach to these political matters.”


The leader of the House of Commons, Jacob Rees-Mogg, who travelled to Balmoral to formalise the decision to suspend parliament with the Queen, reportedly told colleagues on a cabinet conference call that the supreme court judgment was a “constitutional coup”. Opposition MPs are determined to force Johnson to face questions in parliament, after the Speaker, John Bercow, announced from College Green in Westminster that the House of Commons would reconvene on Wednesday morning. Jeremy Corbyn was consulting with fellow opposition leaders on Tuesday evening about how to exert maximum pressure on the prime minister and ensure he cannot escape the legal obligation set out in the Benn bill to delay Brexit if he hasn’t passed a deal by 19 October.

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The gall.

Boeing To Pay Bereaved 737 Families $144,500 Each (BBC)

Families who lost relatives in fatal Boeing 737 Max air crashes are set to receive about $144,500 (£116,200) each from the company. The money comes from a $50m financial assistance fund, which Boeing announced in July. The fund has started accepting claims, which must be submitted before 2020. Lawyers for the victims’ families, many of whom are pursuing the company in court, have dismissed the fund as a publicity stunt. “$144,000 doesn’t come close to compensating any of our families or any of the families,” said Nomaan Husain, a Texas-based attorney who is representing 15 families. “This is not something that is going to satisfy the families. The families really want answers.”


The 737 Max has been grounded since March, as investigators evaluate the airplane’s safety following fatal crashes in Indonesia and Ethiopia, which claimed the lives of more than 340 people. Boeing in July pledged $100m to families and communities affected by the crashes. The company later said half would be reserved for direct payments to families, with the other half set aside for education and development programmes in affected communities. Robert A Clifford, lead counsel for the Ethiopian Airlines 302 litigation, said the lack of detail at the time of the initial announcement suggested Boeing saw it primarily as a way to divert attention from the safety questions.

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Six weeks after his death, what do you think will still be there?

French Investigators Search Jeffrey Epstein’s Luxury Paris Apartment (AFP)

French investigators searched disgraced US financier Jeffrey Epstein’s luxury Paris apartment on Tuesday, deepening a probe into allegations that the sex offender procured young women to abuse in France. Epstein, who was arrested in New York in July on charges of trafficking underage girls for sex, was found hanged in his New York jail cell on August 10 while awaiting trial over abuses involving girls at his Palm Beach home and on his private island in the Caribbean. But his ownership of an apartment in the heart of upmarket Paris and allegations from women who say they were abused in France prompted French prosecutors to open their own criminal probe last month.


Epstein’s flat on Avenue Foch near the Champs-Elysees — one of the world’s most exclusive addresses — was scoured for evidence from Monday afternoon to the early morning hours of Tuesday, a source close to the probe told AFP. A week earlier, investigators searched the nearby headquarters of Karin Models, an agency founded in 1978 by Epstein associate Jean-Luc Brunel, himself accused in American court documents of rape and of procuring young girls for his friend. [..] Last month, the investigation officially spilled over from the US to France when the Paris prosecutor’s office opened its own inquiry into claims of rape and sex abuse, including of minors. The investigation focuses on potential crimes committed against French victims in France as well as abroad, and on suspects who are French citizens, the Paris prosecutor said.

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But the New York Stock Exchange wants a piece of the action.

Bitcoin Plummets, Down 35% Since Early August (R.)

Bitcoin dropped around 15% against the U.S. dollar in late trading on Tuesday, hitting a 3-1/2-month low, with some analysts ascribing the weakness to investors’ lukewarm reception to the launch of Bakkt’s bitcoin futures on Monday. Bakkt, a cryptocurrency platform affiliated with the Intercontinental Exchange Inc (ICE.N), listed the new Bakkt Bitcoin futures contracts on Monday. But volume was underwhelming, analysts said. ICE is owned by the New York Stock Exchange. The largest cryptocurrency by market capitalization was last down 12.86% at $8,436. Earlier, it hit $7,998, the lowest since mid-June. Bitcoin has been on a downtrend in recent weeks. Since early August, it has plunged about 35%.

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What you get by pushing a vulnerable child forward all the time.

German Lawmakers Warn Greta Thunberg’s Activism Threatens Rational Debate (RT)

Greta Thunberg’s highly emotional approach to climate change activism threatens level-headed debate on the subject, German lawmakers have cautioned. In a provocative speech at the UNGA Climate Action Summit on Monday, 16-year-old Thunberg accused world leaders of stealing her “dreams” and her “childhood” by not doing enough to combat climate change. “We are in the beginning of a mass extinction, and all you can talk about is money and fairy tales of eternal economic growth. How dare you!” she sermonized. The headline-grabbing Swedish activist also filed a formal complaint at the UN against Germany, France, Brazil, Argentina, and Turkey for failing to do enough to safeguard the environment for future generations.


While her performance at the UN received accolades from Germany’s left-wing parties, conservative lawmakers raised alarm over Thunberg’s incendiary approach. MP Roderich Kiesewetter, a member of the Christian Democratic Union (CDU), said that Thunberg was attempting to bully those who seek respectful, fact-based dialogue about environmental issues. “Anyone who wants to argue rationally is already discredited from the outset,” he wrote, adding that objectivity was being thrown out the window. Another CDU deputy, Jana Schimke, accused Thunberg of spreading “incipient mass hysteria.” Gerd Müller, the minister of economic cooperation and development, noted in response to the activist’s fighting words that “climate protection does not start with Greta Thunberg.”

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They’re playing off her, that’s what you get. It’s not about the topic, it’s about her.

‘Radical’ Greta Thunberg ‘Antagonizes Our Societies’, Macron Says (RT)

French President Emmanuel Macron did not hide his frustration with Greta Thunberg’s furious attack on world leaders – himself included – at the UN, displaying a change of heart since hosting her last year. The environmental activist had a productive day at the UN on Monday, berating the delegates for “betraying young people” through their inaction in tackling the climate crisis. She also added a legal complaint to her itinerary, pressuring five countries, including France, to get back on track with the emissions goals they decided on in the 2015 Paris Agreement. Speaking with Europe 1 radio, Macron denounced the 16-year-old’s “radical” stance which, he says, erodes common ground in the battle against climate change.


The French president, who hosted Thunberg at the Elysée Palace less than a year ago, said it would be more productive to aim the gun of her rhetoric at nations who stand aside while the world tries to solve the climate problem. He was referring to Poland, Czech Republic, Hungary, and Estonia, which prevented the EU from adopting a pledge to cut carbon emissions to net zero by 2050. Their rendezvous in February lasted for nearly two hours and was documented in photos with Macron hugging the activist paternally. The French president recalled the meeting in May, praising the girl’s energy and efforts in a tweet. [..] The teenage campaigner is also known for her position against air travel, spearheading the ‘flight shame movement.’ She made it to New York after a 15-day voyage in a sailboat across the Atlantic.

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She’s right, she should be in school, not paraded around the world. This picture is just scary.

 

 

 

 

 

Sep 172019
 


Odilon Redon The boat 1900

 

Iran Supreme Leader Rules Out Negotiations With US (AFP)
UK Supreme Court To Rule On Parliament Recall (BBC)
DOJ Labels JPMorgan’s Precious Metals Trading Desk A Criminal Enterprise (ZH)
New York Times’ Botched Kavanaugh Story Latest In Series Of Blunders (CNN)
New York Prosecutors Subpoena Eight Years Of Trump Tax Returns (G.)
Epstein Accusers Cannot Recoup Damages Over Lenient Plea Deal – US Judge (R.)
The Magnitskiy Myth Exploded (Murray)
Apple Takes Fight Against €13 Billion EU Tax Order To Court (R.)
A View from the Brink (Kunstler)
Edward Snowden Implores Macron To Grant French Asylum (ZH)
Aid Workers Warn Of Catastrophe In Greek Refugee Camps (G.)
Amazon Deforestation Is Driven By Criminal Networks (G.)
Attenborough Documentaries Mislead Us Into Thinking Wildlife Doing Fine (Ind.)

 

 

They’ll talk.

Iran Supreme Leader Rules Out Negotiations With US (AFP)

Iran’s supreme leader Ayatollah Ali Khamenei on Tuesday ruled out negotiations with the US, as tensions mount between the arch-foes after Washington blamed Tehran for attacks on Saudi oil installations. “The policy of ‘maximum pressure’ against the Iranian nation is worthless and all Islamic Republic of Iran officials unanimously believe there will be no negotiations with the US at any level,” he said, quoted on his official website. The White House said on Sunday that US President Donald Trump could meet Iranian counterpart Hassan Rouhani on the sidelines of the United Nations General Assembly in New York next week.

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What happens if the Supreme Court, too, says it’s a matter for Parliament to decide, not the courts?

UK Supreme Court To Rule On Parliament Recall (BBC)

Boris Johnson has said he will “wait and see what the judges say” before deciding whether to recall Parliament. The Supreme Court will hear two appeals that will determine whether the prime minister acted lawfully in suspending Parliament for five weeks. Edinburgh’s Court of Session said the shutdown was unlawful and London’s High Court said it was not a court matter. On Monday the PM visited Luxembourg for Brexit talks, but the EU said it was yet to see concrete proposals.


Mr Johnson pulled out of a joint press conference with Luxembourg Prime Minister Xavier Bettel, blaming noisy protesters, but Mr Bettel went on to criticise Mr Johnson’s approach to Brexit. The suspension of Parliament, a process known as proroguing, began a week ago. MPs are not scheduled to return until 14 October, when there will be a Queen’s Speech outlining Mr Johnson’s legislative plans. The UK is due to leave the EU on 31 October. Opposition parties have called for Parliament to be recalled.

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Will they go to jail? And if so, how many of them? What about Blythe Masters?

DOJ Labels JPMorgan’s Precious Metals Trading Desk A Criminal Enterprise (ZH)

Who would have thought that JPMorgan’s precious metals trading desk is the functional equivalent of the mafia, and that its one-time leader, Blythe Masters, was the mafia’s don? Well, almost everyone who didn’t mind being designated a conspiracy theorist for years. And now comes vindication, because this has just been confirmed by the DOJ, which accused the PM trading desks at JPMorgan of being deeply involved in what prosecutors described as a “massive, multiyear scheme to manipulate the market for precious metals futures contracts and defraud market participants.” In an indictment unsealed on Monday morning, the DoJ charged Michael Nowak, a JPMorgan veteran and former head of its precious metals trading desk and Gregg Smith, another trader on JPM’s metals desk, in the probe. (Blythe Masters was somehow omitted).

“Based on the fact that it was conduct that was widespread on the desk, it was engaged in in thousands of episodes over an eight-year period — that it is precisely the kind of conduct that the RICO statute is meant to punish,” Assistant Attorney General Brian Benczkowski told reporters. Here’s where it gets extra interesting: according to Bloomberg, the unusually aggressive language language embraced by prosecutors reminds legal experts of indictments utilizing the RICO Act – a law allowing prosecutors to take down ‘criminal enterprises’ like the mafia by charging all members of the organization for any crimes committed by an individual on behalf of the organization.


Prosecutors charged the head of JP Morgan’s global metals trading operation and two other traders with “conspiracy to conduct the affairs of an enterprise involved in interstate or foreign commerce through a pattern of racketeering activity” – language that is typically used to describe a RICO charge. This hints at the possibility of a deeper prosecution for JP Morgan. Already, 12 people have been charged in the precious metals market-rigging conspiracy. “We’re going to follow the facts wherever they lead, whether it’s across desks here or at any other bank or upwards into the financial institution,” Benczkowski said.

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Blunder? It got everyone talking about impeachment again. Maybe that was the whole idea.

New York Times’ Botched Kavanaugh Story Latest In Series Of Blunders (CNN)

The New York Times was reeling on Monday after its Opinion section fumbled a high-profile story about an allegation of sexual misconduct against Supreme Court Justice Brett Kavanaugh, drawing widespread criticism and condemnation of the newspaper. It was the latest in a series of high-profile blunders that has caused embarrassment to James Bennet since he was appointed in 2016 as the editor overseeing The Times’ Opinion section. Bennet’s tenure has been marked with several mishaps that have generated controversy, drawn criticism, and spurred at least one lawsuit.

[..] The Times’ Sunday Review, which falls under Opinion, published an essay based on a forthcoming book written by two Times reporters, detailing a previously unreported allegation of sexual misconduct against Kavanaugh, which he denied. The allegation in the book hinged on the recollection of a Yale classmate who The Times reported contacted the FBI and lawmakers during Kavanaugh’s confirmation hearing. The Yale classmate, who is now a prominent lawyer, has declined to comment publicly, according to The Times But the book, “The Education of Brett Kavanaugh,” included a key detail that the essay published by the Times was lacking: The woman at the center of it, who’d been a student at the time of the incident, declined to be interviewed.


Moreover, her friends said she did not recall the incident. In addition to that omission of vital information, The Times’ Opinion desk also came under fire over a tweet it had published promoting the story. The tweet said that “having a penis thrust in your face at a drunken dorm party may seem like harmless fun.” By Sunday night, The Times had not only apologized for the “offensive” tweet, but also appended to the essay an editor’s note addressing the glaring omission in its original story. “The book reports that the female student declined to be interviewed and friends say that she does not recall the incident,” the editor’s note read, in part. “That information has been added to the article.”

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Did they find the trick?

New York Prosecutors Subpoena Eight Years Of Trump Tax Returns (G.)

Donald Trump faces a new battle over the release of his tax returns after New York prosecutors issued a subpoena for them. Trump is the first US president in nearly 40 years not to release his tax information, despite having promised to do so during his 2016 election campaign. He has resisted pressure from Democrats and watchdogs demanding greater transparency. But on Monday, the office of the Manhattan district attorney, Cyrus Vance, investigating hush money payments to the pornographic actor Stormy Daniels during the 2016 presidential election, subpoenaed eight years of Trump’s personal and corporate tax returns, according to media reports. Mazars USA, which prepares Trump’s tax returns, said in a statement that it would “fully comply with its legal obligations”.


Democrats welcomed the move. The Senator Amy Klobuchar of Minnesota, a candidate for president, tweeted in response: “One way or another, we will get Donald Trump’s tax returns.” Another 2020 candidate, Julián Castro, the former housing secretary under Barack Obama, wrote on Twitter: “The president is not above the law. The American people deserve to know if he deceived them in hopes of winning an election. He must comply with this subpoena.” A federal investigation into the hush money payments led to Michael Cohen, Trump’s former lawyer and fixer, pleading guilty to campaign finance violations which, along with tax fraud and making false statements to Congress, resulted in three-year prison sentence.

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“..rejected the women’s bid to void the non-prosecution agreement..” Does this mean Ghislaine Maxwell is fully off the hook?

Epstein Accusers Cannot Recoup Damages Over Lenient Plea Deal – US Judge (R.)

A group of women who said Jeffrey Epstein sexually abused them are not entitled to money damages from the United States even though federal prosecutors kept them in the dark about the financier’s lenient non-prosecution agreement more than a decade ago, a Florida judge ruled on Monday. U.S. District Judge Kenneth Marra in West Palm Beach also rejected the women’s bid to void the non-prosecution agreement, which had barred prosecutions of Epstein and some alleged accomplices, saying Epstein’s death last month made the issue moot. Marra also denied a request for attorneys’ fees. Brad Edwards, a lawyer for the accusers, said they may appeal.


Marra ruled seven months after finding that prosecutors had violated the federal Crime Victims’ Rights Act by not telling Epstein’s accusers they had agreed not to pursue serious charges against the financier, in exchange for Epstein’s 2008 guilty plea to Florida state prostitution charges. Epstein was sentenced to 13 months in jail, but allowed to leave regularly to go to his office. The non-prosecution agreement was negotiated by the office of then-U.S. Attorney Alexander Acosta, who resigned in July as U.S. labor secretary as Epstein’s agreement drew fresh scrutiny.

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Magnitsky is a fairy tale promoted by Bill Browder. He fooled a lot of people.

The Magnitskiy Myth Exploded (Murray)

The conscientious judges of the European Court of Human Rights published a judgement a fortnight ago which utterly exploded the version of events promulgated by Western governments and media in the case of the late Mr Magnitskiy. Yet I can find no truthful report of the judgement in the mainstream media at all. The myth is that Magnitskiy was an honest rights campaigner and accountant who discovered corruption by Russian officials and threatened to expose it, and was consequently imprisoned on false charges and then tortured and killed. A campaign over his death was led by his former business partner, hedge fund manager Bill Browder, who wanted massive compensation for Russian assets allegedly swindled from their venture.


The campaign led to the passing of the Magnitskiy Act in the United States, providing powers for sanctioning individuals responsible for human rights abuses, and also led to matching sanctions being developed by the EU. However the European Court of Human Rights has found, in judging a case brought against Russia by the Magnitskiy family, that the very essence of this story is untrue. They find that there was credible evidence that Magnitskiy was indeed engaged in tax fraud, in conspiracy with Browder, and he was rightfully charged. The ECHR also found there was credible evidence that Magnitskiy was indeed a flight risk so he was rightfully detained. And most crucially of all, they find that there was credible evidence of tax fraud by Magnitskiy and action by the authorities “years” before he started to make counter-accusations of corruption against officials investigating his case.

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“..Margrethe Vestager pointed to a 0.005% tax rate paid by Apple’s main Irish unit in 2014..”

Apple Takes Fight Against €13 Billion EU Tax Order To Court (R.)

Apple will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in a landmark case in the EU’s crackdown on tax avoidance by multinational companies. The iPhone maker is expected to send a six-man delegation headed by Chief Financial Officer Luca Maestri to the two-day court hearing at the Luxembourg-based General Court, the EU’s second highest court. In August 2016, the Commission said tax rulings by Ireland in 1991 and in 2007 had artificially reduced Apple’s tax burden for over two decades, effectively making it illegal state aid.


European Competition Commissioner Margrethe Vestager pointed to a 0.005% tax rate paid by Apple’s main Irish unit in 2014 as an example of the unusually low payments by the company. Apple is expected to argue that it did nothing wrong as it had followed Irish and U.S. tax laws. It made similar arguments in a blog following an EU tax ruling a couple of years ago. It will tell the court that the bulk of its taxes are owed to the United States because the majority of the value in its products including design, engineering and development, is created there. Ireland, which has accused the Commission of exceeding its powers and interfering with the EU member’s national sovereignty over tax affairs, is also challenging the EU ruling.

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“..this makes necessary a high volume of oil swapping around the world…”

A View from the Brink (Kunstler)

President Trump is trumpeting America’s “energy independence,” meaning whatever happens over there won’t affect us. Well, none of that is true. We still import millions of barrels of oil a day, though much less from Saudi Arabia than before 2008. The shale oil “miracle” is hitting the skids these days. Shale oil production has gone flat, the rig-count is down, companies are going bankrupt, and financing for the debt-dependent operations is dwindling since the producers have demonstrated that they can’t make a profit at it. They’re trapped in the quandary of diminishing returns, frontloading production, while failing to overcome steep decline curves in wells that only produce for a couple of years.


It’s also the case that shale oil is ultra-light crude, containing little heavier distillates such as diesel and aviation fuel (basically kerosene). Alas, American refineries were all built before shale oil came along. They were designed to crack heavier oil and can’t handle the lighter shale. The “majors” don’t want to invest their remaining capital in new refineries, and the many smaller companies don’t have the ability. So, this makes necessary a high volume of oil swapping around the world. Without diesel and aviation fuel, US trucking and commercial aviation has a big problem, meaning the US economy has a big problem.

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“They want the jury strictly to consider whether these actions were lawful or unlawful, not whether they were right or wrong.”

Edward Snowden Implores Macron To Grant French Asylum (ZH)

US whistleblower Edward Snowden has called on French President and former Rothschild banker Emmanuel Macron to grant him political asylum from the United States. Speaking with France’s Inter radio on Monday as part of a press junket to promote his new memoir, the former NSA contractor said “Protecting whistleblowers is not a hostile act,” adding “Welcoming someone like me is not an attack on the United States.” “I would like to return to the United States. That is the ultimate goal. But if I’m gonna spend the rest of my life in prison, the one bottom line demand that we have to agree to is that at least I get a fair trial. And that is the one thing the government has refused to guarantee because they won’t provide access to what’s called a public interest defense,” Snowden told CBS This Morning.


“Again, I’m not asking for a parade. I’m not asking for a pardon. I’m not asking for a pass. What I’m asking for is a fair trial. And this is the bottom line that any American should require. We don’t want people thrown in prison without the jury being able to decide that what they did was right or wrong. The government wants to have a different kind of trial. They want to use special procedures they want to be able to close the courtroom, they want the public not to be able to go, know what’s going on. And, essentially, the most important fact to the government and this is the thing we have a point of contention on, is that they do not want the jury to be able to consider the motivations. Why I did what I did. Was it better for the United States? Did it benefit us or did it cause harm? They don’t want the jury to consider that at all. They want the jury strictly to consider whether these actions were lawful or unlawful, not whether they were right or wrong. And I’m sorry, but that defeats the purpose of a jury trial,” Snowden told CBS.

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Never. Ending.

Aid Workers Warn Of Catastrophe In Greek Refugee Camps (G.)

Children being bitten by scorpions, rats and snakes; hundreds being forced to use a single shower; the stench of human excrement never far away; and food shortages becoming the norm. One by one, Sophie McCann lists the degradations of life for refugees detained on Lesbos, the Greek island on the frontline of a new surge of asylum seekers desperate to reach Europe. McCann, a British advocacy manager with Médecins Sans Frontières, like other aid workers, is now raising the alarm: at least 24,000 men, women and children trapped in vastly overcrowded Aegean island camps are being subjected to conditions so harrowing they bear all the hallmarks of humanitarian catastrophe. Four years after the greatest migration crisis in modern times, there are fears history is repeating itself.


“The level of human suffering is just indescribable,” says McCann, adding that incidents of self-harm, even among toddlers, have risen sharply. “I struggle to find the right words because none can convey the sheer misery and inhumanity of a situation that in Europe is frankly unbelievable.” The drama unfolding on Europe’s south-eastern periphery follows the abrupt rise in numbers making the dangerous sea crossing from Turkey. With a brazenness unseen since the EU struck a controversial accord with Ankara to stem flows in 2016, smugglers are again landing boatloads of would-be asylum seekers on the beaches of Lesbos, Samos, Kos, Leros and Chios. In July and August more than 13,000 people landed on Greek shores, more than half of all sea arrivals to the country in 2019.

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Who else did you think was doinng it?

Amazon Deforestation Is Driven By Criminal Networks (G.)

Deforestation in the Brazilian Amazon is a lucrative business largely driven by criminal networks that threaten and attack government officials, forest defenders and indigenous people who try to stop them, according to a new report by Human Rights Watch. Rainforest Mafias concludes that Brazil’s failure to police these gangs threatens its abilities to meet its commitments under the Paris climate deal – such as eliminating illegal deforestation by 2030. It was published a week before the UN Climate Action Summit. Ricardo Salles, Brazil’s environment minister in the government of far-right president Jair Bolsonaro, has argued that poverty drives degradation, and that development of the Amazon will help stop deforestation.


But the report’s author, Cesar Muñoz Acebes, argues that Amazon needs to be better policed. “As long as you have this level of violence, lawlessness and impunity for the crimes committed by these criminal groups it will be impossible for Brazil to rein in deforestation,” he said. “These criminal networks will attack anyone who stands in their way.” The report documents 28 killings in which it found evidence that “those responsible were engaged in illegal deforestation and saw their victims as obstacles”.

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Nothing is pristine anymore.

Attenborough Documentaries Mislead Us Into Thinking Wildlife Doing Fine (Ind.)

Nature documentaries could be “actively misleading audiences” by showing nature as something pristine that is not being damaged by humans, researchers warn. Scientists looked at the scripts from the four most recent David Attenborough-narrated BBC and Netflix nature series and said they did not show the extent to which nature is being threatened by human activity. “Nature is still mostly shown as pristine, and the presence or impacts of people on the natural world very seldom appear,” researchers wrote in the paper published in People and Nature. Scientists from the universities of Oxford, Newcastle, Kent and Bangor found the Netflix series Our Planet dedicated 15 per cent of the script to environmental threats and conservation. This far exceeded the BBC series Planet Earth II and Dynasties.


However, they said it still failed to visually show how threatened the natural world is. “One could argue that by using camera angles to avoid showing any sign of people, nature filmmakers are being disingenuous, and even actively misleading audiences,” said lead researcher Professor Julia Jones from Bangor University. “The viewer may be led to believe that things cannot be that bad for biodiversity as what they are seeing on the screen shows nature, for the most part, doing fine. “The inextricable link between threats to the natural world and the high consumption of western lifestyles would be more difficult to ignore if the presence, or even dominance, of commercial agriculture, mining and transport infrastructure were more visible in the landscapes, reducing the space for the awe-inspiring wild spectacles shown.”

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In 1935, Congressman Thomas O’Malley introduced a bill mandating that in case of war the Army draft the wealthiest men in the country and put them near the greatest posts of danger by order of income.

 

 

 

 

 

Sep 072019
 
 September 7, 2019  Posted by at 9:47 am Finance Tagged with: , , , , , , , , , , , ,  13 Responses »


Pablo Picasso Portrait of Dora Maar 1942

 

The Financialization of the US Economy (WS)
Fed Chair Powell Repeats Vow To Act ‘As Appropriate’ (R.)
Tariffs Are No Longer China’s Biggest Problem In The Trade War (CNBC)
Boris Johnson Urged To Become A ‘Brexit Martyr’ (DM)
A Trump Brexit Threatens (Wight)
A Crackup Is Inevitable (Kunstler)
CIA, Mossad, “the Epstein Network” and an Orwellian Nightmare (Whitney Webb)
How MIT Concealed Its Relationship with Jeffrey Epstein (Farrow)
Boeing’s Chief Technical Pilot On The 737 MAX Project Pleads The Fifth (ST)
For The First Time In My Life, I’m Frightened To Be Jewish (David Graeber)
Edward Snowden’s Guardian Angels (F24)

 

 

But services don’t make stuff.

The Financialization of the US Economy (WS)

Service-producing industries dominate the US economy, accounting for over 70% of GDP. And this sector is hopping. Revenues in the major services categories rose 5.3% in the second quarter of 2019, compared to the same quarter a year earlier, to $4.05 trillion, not seasonally adjusted, according to the Commerce Department’s Quarterly Selected Services Estimates released today. For the first two quarters of 2019, service revenues rose 5.5% to $8.0 trillion. The pace of growth so far this year is slightly lower than the hot 6.0% growth for the year 2018.


Four biggies dominate the service sector, and the US economy overall. They accounted for $2.92 trillion in revenues in Q1, or about 72% of total service revenues, with the biggest of them all, finance and insurance, accounting for 32%, up from 31% at the end of last year. It is also the fastest-growing segment, even faster than healthcare, as the US economy is getting more and more financialized. The share of each of the big four of overall service revenues: • Finance and insurance: 32% • Healthcare: 17% • Professional, scientific, and technical services: 12% • “Information” services, such as telecommunications, software, and data processing: 11%.

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Only one act is appropriate: go home. Did you know Jay Powell is worth some $100 million? Do you think he’s concerned about Americans living paycheck to paycheck?

Fed Chair Powell Repeats Vow To Act ‘As Appropriate’ (R.)

The U.S. Federal Reserve will continue to act “as appropriate” to sustain the economic expansion in the world’s biggest economy, Fed Chair Jerome Powell said Friday in Zurich, sticking to a phrase that financial markets have read as signaling further interest-rate reductions ahead. “Our obligation is to use our tools to support the economy, and that’s what we’ll continue to do,” Powell said at the University of Zurich. Still, he said, “We are clearly at a time where there is a range of views” among Fed policymakers meeting Sept. 17-18 to decide on rates.


Powell’s careful wording reflects a split within the U.S. central bank about how best to respond to an economy where the job market and consumer spending are strong but rising trade tensions between Beijing and Washington, Britain’s possibly messy exit from the European Union, and a broad global slowdown pose risks. Boston Fed President Eric Rosengren for instance has made the case for leaving rates where they are until those risks are more tangible in the economic data. Others including St. Louis Fed President James Bullard have called for a half-a-percentage point interest-rate cut to get ahead of the trade war risks and bring the Fed’s policy rate more in line with market expectations. Meanwhile, financial markets are betting Fed policymakers will agree to split the difference and follow their quarter-point rate cut in July with another one later this month.

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Decoupling.

Tariffs Are No Longer China’s Biggest Problem In The Trade War (CNBC)

It’s not the new round of tariffs that went into effect; we’ve been playing the tit-for-tat tariff war for more than a year. It’s not the economic reports; they’ve been a little too mixed lately to force any dramatic moves. It’s not even the decision by Hong Kong administrator Carrie Lam to fully withdraw the controversial mainland extradition bill; it’s still not clear that the Hong Kong unrest would be affected in any way by a trade deal. Given the timing of the change in tone, it seems more likely that what’s making the difference is a realization on both sides that there’s another way this trade war could end – and that possible ending is one the U.S. is very unlikely to lose.


That alternate ending is summed up in one word: decoupling. The decoupling push is quite different than any U.S. efforts to get China to open up more of its economy to American companies. Instead, it focuses on reducing America’s extremely heavy reliance on China for so much of its manufacturing needs. Even if China’s economy weren’t so closed off to so many American goods and services, a strong argument has long been made that the U.S. needs to diversify its sources for imports. While finding those new sources wouldn’t necessarily do anything to dent America’s trade imbalances, it would reduce the risks of a major disruption to the U.S. economy based on disputes or other problems connected to a single foreign country.

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As I wrote yesterday, he has little to lose by resigning.

Boris Johnson Urged To Become A ‘Brexit Martyr’ (DM)

Boris Johnson wrote to all Tory members last night to indicate that he would rather defy the law than beg Brussels for a delay in bringing Britain out of the EU. The Prime Minister said he was only bound ‘in theory’ by a law which is expected to receive Royal Assent on Monday, taking a No Deal Brexit off the table. In his letter, he reiterated his determination to stand firm against Remainers, saying: ‘They just passed a law that would force me to beg Brussels for an extension to the Brexit deadline. This is something I will never do.’ Earlier on Friday he told reporters he would not entertain seeking another deadline extension from Brussels, as the incoming law compels him to do if no agreement is in place by October 19.

He was urged last night by Tory grandee Iain Duncan Smith to hold his nerve, saying he would be ‘martyred’ if he chose to break the law and risk a possible prison sentence for contempt of Parliament. Mr Duncan Smith told The Telegraph: ‘This is about Parliament versus the people. Boris Johnson is on the side of the people, who voted to leave the EU. ‘The people are sovereign because they elect Parliament. But Parliament wants to stop the will of the people.’ If Mr Johnson fails to carry out the will of Parliament, he risks being taken to court and, if a judge ordered him to obey Parliament, he could be held in contempt and even jailed for refusing.


Mr Johnson’s latest plans for a snap election appeared to have been scuppered yet again last night by a ’stitch-up’ between Jeremy Corbyn and Remain parties. Labour, the Lib Dems and Scots and Welsh nationalists agreed to block the public going to the polls before October 31. It leaves the Prime Minister in limbo, forced to choose between resigning or defying a law passed by MPs ruling out a No Deal Brexit.

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“This desire for godlike powers of total creation is precisely why free market ideologues are so drawn to crises and disasters.”

A Trump Brexit Threatens (Wight)

Trump’s otherworldly vice president, Mike Pence, has just said more in one short sentence to unravel the complexities of the Brexit crisis that continues to bedevil the UK, than the ocean of column inches that have been devoted to the subject since the referendum was held in 2016. Speaking at a black tie event in London on Thursday night, attended by an array of business executives, Pence proclaimed, “The minute the UK is out, America is in.” Pence, a man who stands as living proof that human evolution is not wedded to an ever upwards path, delivered these words with the bombast of a Roman proconsul addressing the notables of a soon-to-be client state.

Thus let there be no doubt that the hard no-deal Brexit advocated by the UK’s newly installed Prime Minister Boris Johnson and his supporters is to all intents a Trump Brexit – one that will see the UK economy opened up to the tender mercies of U.S. corporations on terms set not by London but Washington. In other words, we’re talking disaster capitalism on steroids, bringing with it the likely prospect of the decimation of what’s left of the UK’s welfare state, including that most revered totem to social solidarity, the National Health Service (NHS), which since the end of WWII, when it was established, has provided generations of British citizens with free healthcare at the point of need, funded out of general taxation, regardless of social class or personal wealth.


The NHS is therefore a socialist institution in all but name, which Johnson and his privileged right wing establishment acolytes in the hard Brexit camp would sooner see broken up and sold off to U.S. insurance companies in sacrifice to their god, the market. This is regardless of any and all assurances given to the contrary. In her classic work, Shock Doctrine, Naomi Klein writes: “Believers in the shock doctrine [of disaster capitalism] are convinced that only a great rupture – a flood, a war, a terrorist attack – can generate the kind of vast, clean canvases they crave,” while earlier in the same passage, warning that “This desire for godlike powers of total creation is precisely why free market ideologues are so drawn to crises and disasters.”

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National sovereignty.

A Crackup Is Inevitable (Kunstler)

What’s at stake behind all the pushing-and-shoving is the question of national sovereignty. Does it matter anymore? I suspect it will matter increasingly for everyone in many nations, and at a smaller and smaller scale of political divisions so that, for instance, Great Britain itself will be faced with surrendering its dominion over Scotland and Northern Ireland. This is churning in the zeitgeist now, actually has been for some time since the Soviet Union and Yugoslavia cracked up. Even the United States finds itself increasingly disunited and it’s not inconceivable that before the century ends some regions may go their own way. Texans have been talking it up for years, and California is already acting like she’s started divorce proceedings.

China, meanwhile, is whipping its quasi-vassal Hong Kong like a dog because Xi Jinping is not in a position to bust Donald Trump upside the head and Xi’s got to take it out on somebody. Everything was looking so rosy for China as it burst out of its medieval cocoon into industrial adulthood, and now Mr. Trump is ruining the global arrangements that turned the sclerotic old outfit into a global super-dragon. They’ve had a blast driving down the capitalist road — even if they’re actually ruled by communists — but a storm of bad debt is coming up on them from behind, and if it catches up, the joyride is over and some kind of dreadful crackup happens.


All the abiding normality of the past seventy years is slipping away into flux. Modernity is finally yielding – to what? Nobody knows. And nowhere is this more obvious than in the realm of money and economy. Beyond all the other quarrels of modern times — democracy versus communism, Islam versus the West, the wealthy north versus the poor south — one thing remained pretty steady: the flow of oil into the engines of economy. Turned out, the world didn’t have to run out of oil for that normality to fray badly; the oil just had to become marginally unaffordable, and voila! It’s hard for people to grok, especially here in the USA with oil production so far above the old 1970 prior peak that the proposition seems absurd.

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Whitney’s latest. Obvious must read.

CIA, Mossad, “the Epstein Network” and an Orwellian Nightmare (Whitney Webb)

Prior to the public scrutiny of Barak’s relationship to Jeffrey Epstein, following the latter’s arrest this past July and subsequent death, Barak had come under fire for his ties to disgraced film mogul Harvey Weinstein. Indeed, it was Ehud Barak who put Weinstein in contact with the Israeli private intelligence outfit Black Cube, which employs former Mossad agents and Israeli military intelligence operatives, as Weinstein sought to intimidate the women who had accused him of sexual assault and sexual harassment. Former Mossad director Meir Dagan led Black Cube’s board until his death in 2016 and Carbyne co-founder Lital Leshem is Black Cube’s former director of marketing.

After Barak put him in contact with Black Cube’s leadership, Weinstein, according to The New Yorker, used the private spy firm to “‘target,’ or collect information on, dozens of individuals, and compile psychological profiles that sometimes focused on their personal or sexual histories.” In addition, The New Yorker noted that “Weinstein monitored the progress of the investigations personally” and “also enlisted former employees from his film enterprises to join in the effort, collecting names and placing calls that, according to some sources who received them, felt intimidating.”


Yet, more recently, it has been Barak’s close relationship to Epstein that has raised eyebrows and opened him up to political attacks from his rivals. Epstein and Barak were first introduced by former Israeli Prime Minister Shimon Peres in 2002, a time when Epstein’s pedophile blackmail and sex trafficking operation was in full swing.

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Pecunia non olet.

How MIT Concealed Its Relationship with Jeffrey Epstein (Farrow)

The M.I.T. Media Lab, which has been embroiled in a scandal over accepting donations from the financier and convicted sex offender Jeffrey Epstein, had a deeper fund-raising relationship with Epstein than it has previously acknowledged, and it attempted to conceal the extent of its contacts with him. Dozens of pages of e-mails and other documents obtained by The New Yorker reveal that, although Epstein was listed as “disqualified” in M.I.T.’s official donor database, the Media Lab continued to accept gifts from him, consulted him about the use of the funds, and, by marking his contributions as anonymous, avoided disclosing their full extent, both publicly and within the university.


Perhaps most notably, Epstein appeared to serve as an intermediary between the lab and other wealthy donors, soliciting millions of dollars in donations from individuals and organizations, including the technologist and philanthropist Bill Gates and the investor Leon Black. According to the records obtained by The New Yorker and accounts from current and former faculty and staff of the media lab, Epstein was credited with securing at least $7.5 million in donations for the lab, including two million dollars from Gates and $5.5 million from Black, gifts the e-mails describe as “directed” by Epstein or made at his behest. The effort to conceal the lab’s contact with Epstein was so widely known that some staff in the office of the lab’s director, Joi Ito, referred to Epstein as Voldemort or “he who must not be named.”

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By refusing to send documents.

Boeing’s Chief Technical Pilot On The 737 MAX Project Pleads The Fifth (ST)

A former Boeing official who played a key role in the development of the 737 MAX has refused to provide documents sought by federal prosecutors investigating two fatal crashes of the jetliner, citing his Fifth Amendment right against self-incrimination, according to a person familiar with the matter. Mark Forkner, Boeing’s chief technical pilot on the MAX project, invoked the privilege in response to a grand jury subpoena issued by U.S. Justice Department prosecutors looking into the design and certification of the plane, the person said.

Invoking the Fifth to avoid testifying, while a legal right, is sometimes interpreted as an admission of guilt. Its use to resist a subpoena for documents is less common and may only imply a dance between prosecutors and defense attorneys, legal experts say. Forkner, now a first officer for Southwest Airlines, referred questions to his attorney when reached by phone. His attorney, David Gerger, of Houston, did not respond to inquiries.


Forkner, who worked at Boeing from 2011 to 2018, according to his LinkedIn profile, was frequently anxious about the deadlines and pressures faced in the MAX program, going to some of his peers in the piloting world for help, a person who worked on the project previously told The Seattle Times, speaking on condition of anonymity. The MCAS system, designed to move a powerful control surface at the tail to push the airplane’s nose down in certain rare situations, played a critical role in the crashes when the planes nose-dived out of the sky. During the certification process, Forkner suggested to the Federal Aviation Administration (FAA) that MCAS not be included in the pilot manual, according to previous Seattle Times reporting.

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The anti-Corbyn campaign fallout.

For The First Time In My Life, I’m Frightened To Be Jewish (David Graeber)

I am 58 years old, and for the first time in my life, I am frightened to be Jewish. We live in a time when racism is being normalized, when Nazis parade in the streets in Europe and America; Jew baiters like Hungary’s Orban are treated as respectable players on the international scene, “white nationalist” propagandist Steve Bannon can openly coordinate scare-mongering tactics with Boris Johnson in London at the same time as in Pittsburg, murderers deluded by white nationalist propaganda are literally mowing Jews down with automatic weapons. How is it, then, that our political class has come to a consensus that the greatest threat to Britain’s Jewish community is a lifelong anti-racist accused of not being assiduous enough in disciplining party members who make offensive comments on the internet?


For almost all my Jewish friends, this is what is currently creating the greatest and most immediate sense of trepidation, even more than the actual Nazis: the apparently endless campaign by politicians like Margaret Hodge, Wes Streeting, and Tom Watson to weaponize antisemitism accusations against the current leadership of the Labour party. It is a campaign – which however it started, has been sustained primarily by people who are not themselves Jewish – so cynical and irresponsible that I genuinely believe it to be a form of antisemitism in itself. And it is a clear and present danger to Jewish people. To any of these politicians who may be reading this, I am begging you: if you really do care about Jews, please, stop this.

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Justin better act.

Edward Snowden’s Guardian Angels (F24)

After he revealed the National Security Agency’s illegal mass surveillance programmes in 2013, Edward Snowden received help from some unlikely accomplices. Four refugees and their lawyer allowed the whistleblower to escape and stay under the radar, at a time when he was the world’s most wanted man. For 13 days, they sheltered him in their tiny apartments located in the poorest area of Hong Kong, home to the marginalised community of asylum seekers. The mastermind behind the idea of hiding the American fugitive in plain sight was Robert Tibbo, a Canadian human rights lawyer, well known for defending asylum seekers in the region.

Snowden told FRANCE 24 he believes he owes his life to these unexpected allies, who could have turned him in at any time: “They could have written an email to the CIA and they could have gotten a big cheque or they could have finally gotten asylum in exchange. But they would have had to do it by selling someone into a grave. And for that, I’ll never be able to repay them.”


But since their identity was revealed, especially with the release of the Oliver Stone film “Snowden” in 2016, these refugees are being persecuted by Hong Kong authorities. Arrested on several occasions, they have been questioned about their ties with Snowden. The little welfare they received from the government has been cut. Today, they all live in constant fear in Hong Kong. If deported to their home country of Sri Lanka, they could face imprisonment, torture and even death. All of them have applied for asylum in Canada.

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Sep 052019
 
 September 5, 2019  Posted by at 8:30 am Finance Tagged with: , , , , , , , , ,  14 Responses »


Henri Matisse Bathers by a river 1909-16

 

UK Government Gives Up Trying To Stop Brexit Delay Bill In Parliament (R.)
Bill Designed To Stop No-Deal Brexit ‘Will Clear Lords’ (BBC)
Fed’s Rate-Cut Debate Focuses On ‘Robust’ US Consumer (R.)
Why Millions Of Millennials Are Not Homeowners (CNBC)
Inequality and Taxes (Flassbeck)
Chinese Paper Says Hong Kong Demonstrators Now Have No Excuse For Violence (R.)
John Doe Begs Judge Not To Name Names In Epstein Gal Pal Case (NYP)
‘Hundreds Of Other People Could Be Implicated’ In Epstein, Maxwell Case (CNBC)
Erdogan Says It’s Unacceptable That Turkey Can’t Have Nuclear Weapons (R.)
US Offered Millions In Cash To Captain Of Iranian Tanker (AFP)
400 Million Facebook Users’ Phone Numbers Exposed In Privacy Lapse (AFP)
Plastic Pollution Has Entered The Fossil Record (G.)

 

 

Good lines: “There was a realization by those on the other side that this was more than usually stupid, and they were looking stupid, and we needed to find a way forward .. ”

UK Government Gives Up Trying To Stop Brexit Delay Bill In Parliament (R.)

British Prime Minister Boris Johnson’s government abandoned attempts in the upper house of parliament to block a law aimed at stopping the country from leaving the European Union without a deal. The move paved the way for Johnson being required to ask the EU for a three-month extension to the Brexit deadline, if he fails to reach a renegotiated transition deal with the bloc by the middle of October. Johnson has said he is opposed to an extension and that he is prepared to take Britain out of the EU without a deal if necessary. Conservative Party members of the upper house of parliament had tabled a series of amendments in an attempt to run down the clock on the delay bill and prevent it being passed before parliament is suspended on Monday.


But in the early hours of Thursday, the government in the upper house, known as the House of Lords, announced it was dropping its opposition to the legislation. Richard Newby, an opposition member of the Lords, who had taken his duvet to parliament in preparation to spend the night discussing the law, said the government dropped its opposition after suffering heavy defeats on some of the proposed amendments. “There was a realization by those on the other side that this was more than usually stupid, and they were looking stupid, and we needed to find a way forward,” he told BBC Radio.

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OK, what’s next? Friday is the last day Parliament is in session until mid-October.

Bill Designed To Stop No-Deal Brexit ‘Will Clear Lords’ (BBC)

The government has said a bill to stop a no-deal Brexit will complete its passage through the Lords on Friday. The proposed legislation was passed by MPs on Wednesday, inflicting a defeat on Prime Minister Boris Johnson. There were claims pro-Brexit peers could deliberately hold up the bill so it could not get royal assent before Parliament is prorogued next week. But the Conservative chief whip in the Lords announced a breakthrough in the early hours after talks with Labour.


The peers sat until 01:30 BST, holding a series of amendment votes that appeared to support predictions a marathon filibuster session – designed to derail the bill – was under way. But then Lord Ashton of Hyde announced that all stages of the bill would be completed in the Lords by 17:00 BST on Friday. He added that the Commons chief whip had also given a commitment that MPs will consider any Lords amendments on Monday and that the government intends that the “bill will be ready” to be presented for royal assent.

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End the Fed.

Fed’s Rate-Cut Debate Focuses On ‘Robust’ US Consumer (R.)

Slowing global economies, the escalating trade war between Washington and Beijing and a warning sign of recession flashing in the U.S. Treasury market have all fed expectations the Federal Reserve is poised to lower rates at the close of its Sept. 17-18 meeting. But sentiment is much less well-defined within the Fed over whether to reduce borrowing costs for the second time this year, and if so by how much. In remarks this week, their last chance to speak publicly before their next rate-setting meeting, U.S. central bankers broadly agreed that trade policy uncertainty is hurting U.S. businesses. Whether they believe a rate cut is in order appears to hinge largely on their view of the consumer.

John Williams, president of the hugely influential New York Federal Reserve, said on Wednesday consumer spending is “robust” and one reason the U.S. economy is in a “favorable” place.” Still, after his prepared remarks he told reporters: “I don’t see consumer spending really continuing to grow faster into the future like it has been.” Household spending accounts for about 70% of the U.S. economy and surged last quarter despite a drop in business investment. The Fed, he said, is ready to “act as appropriate” to help America avoid an economic downturn, echoing closely language used by Fed Chair Jerome Powell used last month which fed expectations of another quarter-point interest-rate cut in September.

But Williams also told reporters he expects the economy to grow at an above-trend pace of 2.0%-2.5% in 2019. “Doesn’t sound like someone ready to ease 50 basis points. Or at all,” quipped Northern Trust economist Carl Tannenbaum on Twitter. Boston Fed President Eric Rosengren, who in July opposed the first Fed rate cut since 2008, said on Tuesday there is no reason to cut rates as long as the economy keeps growing at around 2%.

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Because the Fed has blown a gigantic housing bubble and made millenials poorer in the process. That’s why.

Why Millions Of Millennials Are Not Homeowners (CNBC)

Homeownership eludes millions of millennials. There is a whole host of reasons, including personal preferences and economic disadvantages, that explain why the homeownership rate for the largest generation in U.S. history is lower than that of their parents and grandparents. “In my generation — I’m a baby boomer — you bought a home as quickly as you could,” said Laurie Goodman of the Urban Institute. “You didn’t take a vacation for years to save for the down payment on your first home.” Millennials are in less of a rush to get their hands on house keys, Goodman said. Delayed marriage has one of the biggest impacts on their low homeownership rate, the Urban Institute found. Marriage increases one’s likelihood of owning a home by 18 percentage points.

Yet millennials are wedding later — and less. In 1960, the average age at which women and men first married was in their early 20s. Today, the median age for a first marriage is closer to 30. And millennials are three times as likely to have never married as members of the silent generation — those in their 70s and 80s — when they were young. “Homeownership represents a stable place to live for the rest of my life,” Goodman said. “And a lot of single people think this isn’t the rest of my life — I’m going to find a mate and we’re going to put roots down together.” To be sure, even without saying, “I do,” many young people still want to become homeowners. Unmarried couples accounted for 16% of first-time homebuyers in 2017, the highest share on record, according to the National Association of Realtors.

Single men and women accounted for a quarter of first-time homebuyers. Today, just 57% of first-time homebuyers are married, compared with 75% in 1985. Young people are also in no rush to have kids. The share of married households with children, aged 18 to 34, dropped to 25% in 2015, from 37% in 1990. And having a child increases a person’s chance of owning a house by 6 percentage points, the researchers at the Urban Institute calculated. Millennials are also a far more diverse generation than previous ones, and homeownership rates are lower among Hispanic, black and Asian Americans compared with white Americans. While almost 39% of white millennials, aged 18 to 34, own a house, just 14.5% of those black Americans do, according to the Urban Institute.

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Germany has much less of a housing bubble, but they’re not doing much better. The inequality discussion will have to be had. America’s most prosperous era, the baby boomer boom, took place against a backdrop of 70-80% income taxes for the rich.

Inequality and Taxes (Flassbeck)

A modest proposal by a small party to reintroduce a wealth tax is rejected by conservatives quietly foaming at the mouth. This shows us a little of what is really going on in Germany. Germany at the end of summer 2019 is a country lacking any perspective. It doesn’t know how to deal with climate change; it lacks any notion of what to do about the obvious recession in its own country; it has no way of tackling the serious shortcomings in its infrastructure; it has no idea how to tame its disrupted agriculture and prevent traffic congestion; it debates this and that, but largely without any sense and without any intellectual or political direction.

What is particularly remarkable is how the plans of a small party to (re)introduce a very small and modest wealth tax have been answered by fuming attacks across almost all media and conservative political parties. Remember, this tax was once disposed of politically simply by doing nothing after a limp ruling by the Federal Constitutional Court. It is also worth remembering that inequality in income and wealth has since reached completely new dimensions. Don’t forget that the conservative parties constantly make the average voter believe that they are there for him. The media and political reaction to this modest proposal, which currently has no chance of being implemented, gives an idea of what power-relations in the country really are like and what would happen if one seriously tried to do something about inequality.

The paid scribblers in the dominant media know exactly what they have to do when the interests of those in power in the big media houses are threatened. The fact that a newspaper like Handelsblatt comes up with the headline “Robbery of the rich” on the subject of a wealth tax shows that all reason has been abandoned and all standards set aside when it comes to issues of wealth distribution. The Süddeutsche Zeitung shamelessly characterises the SPD’s initiative as an attempt “to make the discrediting of performance and success socially acceptable”. The newspaper, which still has a liberal image, accuses the SPD of betraying its own goal of “advancement” and “mobilising against high performers” (although, to be fair, the SZ also wrote a commentary in favour of a wealth tax, which I should not conceal from you).

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Christopher Balding on Twitter: “No, she hasn’t formally withdrawn the bill. The video with the subtitles say she hasn’t withdrawn the bill. She will PROPOSE withdrawing the bill in a month when the legislature reconvenes.”

Chinese Paper Says Hong Kong Demonstrators Now Have No Excuse For Violence (R.)

Hong Kong leader Carrie Lam’s withdrawal of a controversial extradition bill that had sparked widespread protests was an olive branch that leaves demonstrators with no excuse to continue violence, the official China Daily said on Thursday. The withdrawal of the bill on Wednesday came after weeks of protests that had sometimes turned into pitched battles across the former British colony of more than 7 million people. More than 1,000 protesters have been arrested. The bill would have allowed extraditions to mainland China, where courts are controlled by the Communist Party. Its withdrawal was one of the five key demands of the protesters.


The state-run China Daily said the decision was “a sincere and earnest response to the voice of the community … (that) could be interpreted as an olive branch extended to those who have opposed the bill over the past few months”. The protests began in March but snowballed in June and have evolved into a push for greater democracy for the city, which returned to China in 1997 as a Special Administrative Region (SAR). It was not clear if pulling the bill – which had been suspended since June – would help end the unrest. The headline of the China Daily’s editorial said “protesters now have no excuse to continue violence”

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Who do we protect, the victims or some John Doe?

John Doe Begs Judge Not To Name Names In Epstein Gal Pal Case (NYP)

An anonymous man terrified he’s about to be named in court papers related to Jeffrey Epstein and Ghislaine Maxwell’s alleged child sex trafficking ring is begging a judge not to release his name and identities of others accused — because it could tarnish their reputations, according to a surprise motion filed Tuesday. Lawyers for the John Doe filed the letter Tuesday — just a day before Epstein’s self-proclaimed “sex slave” Virginia Roberts Giuffre is expected to join her lawyers in court as they continue efforts to unseal thousands of pages of documents related to her civil lawsuit against the dead pedophile’s alleged procuress.

“As a non-party to these proceedings, Doe lacks specific knowledge about the contents of the Sealed Materials,” his lawyers wrote to Manhattan federal court judge Loretta Preska. “But it is clear that these materials implicate the privacy and reputational interests of many persons other than the two primary parties to this action, Giuffre and Maxwell.” The letter goes on to say a prior judge overseeing the case summarized the still-secret documents as containing a “range of allegations of sexual acts involving Plaintiff and non-parties to this litigation, some famous, some not; the identities of non-parties who either allegedly engaged in sexual acts with Plaintiff or who allegedly facilitated such acts.”

Doe’s lawyers do not say in the papers if he is famous, or what accusations he expects to face in the court papers. Meanwhile, Giuffre’s lawyer David Boies told The Post he expects Wednesday’s hearing to determine a roadmap for how to deal with the remaining mountain-range of material. “It’s a whole new set of documents, five to 10 times larger in volume than what has been released so far,” the lawyer said, referring to nearly 2,000 pages of case documents that were made public on Aug. 9 — just a day before Epstein’s death by suicide at a lower Manhattan jail. Boies said the still-sealed tranche contains depositions from never-before-heard witnesses, but declined to provide any names. And he said that while his client is planning to attend, he doubts her legal adversary will appear.

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Why we need Julian Assange. He helped Australian police track down pedophiles, he can do it again in the US.

‘Hundreds Of Other People Could Be Implicated’ In Epstein, Maxwell Case (CNBC)

Still-secret court filings related to sexual predator Jeffrey Epstein and his alleged procurer Ghislaine Maxwell could implicate “hundreds of other people,” Maxwell’s lawyer said Wednesday during a hearing. But finding out who they are will take some time. Maxwell’s lawyer and an attorney for women who claim Epstein, a financier, sexually abused them told U.S. District Judge Loretta Preska they have not agreed how the documents should be unsealed. Preska was clearly irritated with their lack of progress on the documents, which are part of a defamation lawsuit that one of Epstein’s accusers, Virginia Giuffre, filed several years ago against Maxwell, a British socialite.

The case files are known to contain claims by Giuffre that she was sexually abused by “numerous prominent American politicians, powerful business executives, foreign presidents, a well-known Prime Minister and other world leaders.” “Did you people not talk about this?” Preska asked the lawyers in federal court in Manhattan when she was told there was no plan in place for reviewing the documents. Preska ended the hearing with a tentative plan to have the attorneys take the next two weeks to hash out a process for categorizing the thousands of pages of sealed documents. After that, the lawyers would have a week to designate which group of documents should be unsealed first, with a rolling week-to-week process thereafter to evaluate the material and argue over how much or how little should be disclosed publicly.

There could be up to 10 categories for the documents. Jeffrey Pagliuca, a lawyer for Maxwell, said the sealed documents include “literally hundreds of pages of investigative reports that mention hundreds of people.” “There are hundreds of other people who could be implicated” in the documents, Pagliuca said.

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Patriotism on steroids.

Erdogan Says It’s Unacceptable That Turkey Can’t Have Nuclear Weapons (R.)

Turkish President Tayyip Erdogan said on Wednesday it was unacceptable for nuclear-armed states to forbid Ankara from obtaining its own nuclear weapons, but did not say whether Turkey had plans to obtain them. “Some countries have missiles with nuclear warheads, not one or two. But (they tell us) we can’t have them. This, I cannot accept,” he told his ruling AK Party members in the eastern city of Sivas. “There is no developed nation in the world that doesn’t have them,” Erdogan said. In fact, many developed countries do not have nuclear weapons. Turkey signed the Nuclear Nonproliferation Treaty in 1980, and has also signed the 1996 Comprehensive Nuclear-Test-Ban Treaty, which bans all nuclear detonations for any purpose.

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“Having failed at piracy, the US resorts to outright blackmail..”

US Offered Millions In Cash To Captain Of Iranian Tanker (AFP)

A senior US official personally offered several million dollars to the Indian captain of an Iranian oil tanker suspected of heading to Syria, the State Department confirmed Wednesday. The Financial Times reported that Brian Hook, the State Department pointman on Iran, sent emails to captain Akhilesh Kumar in which he offered “good news” of millions in US cash to live comfortably if he steered the Adrian Darya 1 to a country where it could be seized. “We have seen the Financial Times article and can confirm that the details are accurate,” a State Department spokeswoman said. “We have conducted extensive outreach to several ship captains as well as shipping companies warning them of the consequences of providing support to a foreign terrorist organization,” she said, referring to Iran’s elite Revolutionary Guards.


The Adrian Darya 1 was held for six weeks by the British overseas territory of Gibraltar on suspicion that it was set to deliver oil from Iran to its main Arab ally Syria — a violation of European Union sanctions on President Bashar al-Assad’s iron-fisted regime. Gibraltar released the ship, formerly called the Grace 1, on August 18 over US protests after receiving written assurances that the vessel would not head to countries sanctioned by the European Union. Iranian Foreign Minister Mohammad Javad Zarif mocked Hook’s initiative as he pointed to the Financial Times story. “Having failed at piracy, the US resorts to outright blackmail — deliver us Iran’s oil and receive several million dollars or be sanctioned yourself,” Zarif tweeted.

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Facebook does not rhyme with privacy.

400 Million Facebook Users’ Phone Numbers Exposed In Privacy Lapse (AFP)

Phone numbers linked to more than 400 million Facebook accounts were listed online in the latest privacy lapse for the social media giant, US media reported Wednesday. An exposed server stored 419 million records on users across several databases — including 133 million US accounts, more than 50 million in Vietnam, and 18 million in Britain, according to technology news site TechCruch. The databases listed Facebook user IDs — unique digits attached to each account — the profiles’ phone numbers, as well as the gender listed by some accounts and their geographical locations, technology website TechCrunch reported.


The server was not password protected, meaning anyone could access the databases, and remained online until late Wednesday when TechCrunch contacted the site’s host. Facebook confirmed parts of the report but downplayed the extent of the exposure, saying that the number of accounts so far confirmed was around half of the reported 419 million. It added that many of the entries were duplicates and that the data was old. “The dataset has been taken down and we have seen no evidence that Facebook accounts were compromised,” a Facebook spokesperson told AFP.

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We can not stop ourselves.

Plastic Pollution Has Entered The Fossil Record (G.)

Plastic pollution is being deposited into the fossil record, research has found, with contamination increasing exponentially since 1945. Scientists suggest the plastic layers could be used to mark the start of the Anthropocene, the proposed geological epoch in which human activities have come to dominate the planet. They say after the bronze and iron ages, the current period may become known as the plastic age. The study, the first detailed analysis of the rise in plastic pollution in sediments, examined annual layers off the coast of California back to 1834. They discovered the plastic in the layers mirrors precisely the exponential rise in plastic production over the past 70 years.

Most of the plastic particles were fibres from synthetic fabrics used in clothes, indicating that plastics are flowing freely into the ocean through waste water. “Our love of plastic is being left behind in our fossil record,” said Jennifer Brandon, at the Scripps Institution of Oceanography at the University of California San Diego, who led the study. “It is bad for the animals that live at the bottom of the ocean: coral reefs, mussels, oysters and so on. But the fact that it is getting into our fossil record is more of an existential question. “We all learn in school about the stone age, the bronze age and iron age – is this going to be known as the plastic age?” she said. “It is a scary thing that this is what our generations will be remembered for.”

Many millions of tonnes of plastic are discarded into the environment every year and are broken down into small particles and fibres that do not biodegrade. Microplastics have been found everywhere from the deepest oceans to high mountains and even the Arctic air, showing pervasive pollution of the planet. Research is limited but eating plastic is known to harm marine creatures. Humans are believed to consume at least 50,000 microplastic particles a year through food and water. The health impact is unknown but microplastics can release toxic substances and may penetrate tissues.

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The Hong Kong government runs ads in the international press:

 

 

 

 

 

Sep 032019
 
 September 3, 2019  Posted by at 8:49 am Finance Tagged with: , , , , , , , , ,  11 Responses »


Pablo Picasso Head of a woman 1939

 

Resurrecting the American Economy With Stalinism 2.0 (Dmitry Orlov)
Use Old Chinese Debt To Default On Beijing’s $1 Trillion Treasuries (RT)
Boris Johnson Faces Showdown In Parliament (BBC)
The Realities Of A No-Deal Brexit (Ivan Rogers)
Ahead of Brexit, UK Factories Go Quiet (R.)
Hong Kong Leader Says She Would ‘Quit’ If She Could (R.)
Carrie Lam: Hong Kong Leader ‘Never Tendered Resignation To Beijing’ (BBC)
The Quickening (Kunstler)
Jeffrey Epstein’s Model-Scouting Pal Has ‘Disappeared Without A Trace’ (NYP)
New Delays Could Keep Boeing 737 MAX Grounded Into Holiday Travel Season (MW)
All Of Us Are In Danger: John Pilger Has Chilling Warning From Assange (RT)

 

 

Lovely from Dmitry. Do read the whole thing. What the US must do to save its economy is imitate China.

Resurrecting the American Economy With Stalinism 2.0 (Dmitry Orlov)

Donald Trump has recently ordered US corporations to move production out of China and into the US. Easier said than done!—or, rather, undone. Moving production to China (and, in case of IT, to India) allowed US corporations to benefit from the large wage differential and an easier regulatory environment in order to be more profitable. They spent these excess profits by buying back their own stock, paying generous dividends to their shareholders and using their artificially inflated stock prices to justify exorbitant executive salaries and bonuses.

Along the way, they impoverished American workers by depriving them of gainful deployment, eroded the skill base of the American population and, perhaps most importantly, destroyed demand for their products because more and more Americans could no longer afford them. As these trends played out, making China prosperous and the US increasingly distressed and impoverished, with close to 100 million working-age people permanently jobless, US corporations could no longer profit from their offshored production to the same extent, and so they took advantage of low interest rates to borrow huge sums of money and use it to continue buying back their own shares, paying dividends and continuing with the exorbitant executive compensation.


By now, many of the major US corporations are financial zombies, waiting for an uptick in interest rates to drive them into bankruptcy. And it is these zombies that are being tasked with bringing production back to the US. Good luck with that! Which is to say, it is highly unlikely that such an effort could possibly succeed. But even if it could succeed, would it solve the problem—which is that the US is gradually degenerating into a bankrupt third world country? Perhaps not, because, you see, the entire theory of “making America great again” is based on a fallacy—which is that China became the world’s largest economy (by purchasing power) and the world’s factory simply by virtue of the fact that American corporations offshored production to it.

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The webs we weave…

Use Old Chinese Debt To Default On Beijing’s $1 Trillion Treasuries (RT)

[..] the trade war adversaries are already considering options beyond tariffs. Beijing, which enjoys a trade surplus with the US, has hinted it could use rare earth metals as a leverage. There is also China’s “nuclear” option of dumping US Treasuries. Meanwhile, Washington has been reminded of China’s century-old bonds incurred before the nation adopted communism, which, adjusted for inflation, interest and other fees, amount to around $1 trillion, perfectly covering Beijing’s holdings of US Treasury Bills. “The US will simply default on $1 trillion of UST bonds held by China and claim, based on these old bonds, that they are justified in doing so,” Max Keiser, the host of RT’s Keiser Report, said.


While it’s really doubtful that China would ever pay out, the US’ attempt to claim the money would only trigger serious economic problems and make the already turbulent situation worse, investment guru Jim Rogers told RT. “If America gets a ruling that they [China] must pay then what America would do is freeze Chinese assets in America… take those assets or seize those assets. And then you have a very serious trade war going on,” Rogers said, adding that China would certainly retaliate to such a move. The individual holders of the antique bonds can do little to get any money from China, which has never recognized the debt. Firstly, they would have to have their claim recognized, win the case, and then find some way to force China to cash out, according to Duke University professor Mitu Gulati. However, it would be a completely different story if the Trump administration steps in.

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How does he feel about Bitcoin?

ECB Official Mersch Calls Facebook’s Libra ‘Treacherous’ (MW)

A high-ranking European Central Bank official on Monday outlined problems with the planned cryptocurrency Libra, the latest in a series of warnings from government officials. “I sincerely hope that the people of Europe will not be tempted to leave behind the safety and soundness of established payment solutions and channels in favor of the beguiling but treacherous promises of Facebook’s siren call,” said Yves Mersch, a member of the ECB’s executive board.

In a speech at a Frankfurt legal conference, he wryly noted that Libra was coming from “the very same people who had to explain themselves in front of legislators in the United States and the European Union on the threats to our democracies resulting from their handling of personal data on their social media platform,” a reference to Facebook. One concern Mersch raised is that the Libra coins will be issued by a cartel of players in the fields of payments, technology, e-commerce and telecommunications. Called the Libra Association, it will control the blockchain and collect the seigniorage income. Libra Association members include Mastercard, PayPal, eBay, and Uber.


“With such a setup, it is difficult to discern the foundational promises of decentralization and disintermediation normally associated with cryptocurrencies and other digital currencies. On the contrary, similarly to public money, Libra will actually be highly centralized, with Facebook and its partners acting as quasi-sovereign issuers of currency,” he said. Public money also is centralized, but unlike Libra, has a “sovereign entity and a central issuance authority.” The corporate entities, by contrast, are accountable to their shareholders and will “get privileged access to private data that they can abusively monetize.”

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More than one. Chaos galore.

Boris Johnson Faces Showdown In Parliament (BBC)

Boris Johnson faces a showdown in Parliament later after No 10 officials warned he would call for a snap general election on 14 October if MPs succeed in seizing control of Commons business. Rebel Tories and Labour MPs are planning a bill to stop the UK leaving the EU on 31 October without a deal. Mr Johnson said he did not want an election, but progress with the EU would be “impossible” if the MPs win. Jeremy Corbyn said the Labour Party was ready for a general election. But shadow Northern Ireland secretary Tony Lloyd later said Labour would vote against any government plans to hold a general election before the UK is due to leave the EU on 31 October.


He said Labour “will not have Boris Johnson dictate the terms of an election that crashes this country out with no deal”. Under the Fixed-term Parliaments Act, Mr Johnson would require the backing of two-thirds of the UK’s 650 MPs to trigger a poll in the autumn. A number of MPs have come together across party political lines in a fresh bid to stop a no-deal Brexit, after Mr Johnson vowed to leave the EU with or without a deal on 31 October. When Parliament returns on Tuesday after recess, they are expected to put forward legislation under Standing Order 24 – a rule that allows urgent debates to be heard.

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Rogers was the Permanent Representative of the United Kingdom to the European Union from 4 November 2013 until 3 January 2017.

The Realities Of A No-Deal Brexit (Ivan Rogers)

No developed country has taken itself out of a trade bloc since the war because the costs of deliberately making trade substantially more difficult with your closest neighbours are obviously large. No trade deal has ever been struck between partners actively seeking to get further apart. Trade deals have always been between those aspiring to converge and to increase trade flows, not diverge and decrease them. No amount of repetition of ‘this will all be terribly easy’ ever makes it true. It is not unpatriotic or ‘declinist’ to point out that a process of ‘differential disentanglement’ – which is actually what Brexit is – will be hard, complex and lengthy. How, seriously, after more than three years can so much of our political elite still be in denial on this?

If you leave a club whose other members are prepared to integrate more deeply politically and juridically than you, because they see economic and political benefits from doing so, you cannot tell the public that any adverse consequences of leaving are all the club’s fault, for wilfully not carrying on giving you club benefits when you leave. Nor can you just wish away issues at borders, whether on land or cross-Channel, when the entire purpose of leaving the Single Market and Customs Union must be to run deliberately different regulatory regimes – chosen by your own Parliament – where you believe it suits you. Such choices by definition entail a hard border. Borders across the whole world demarcate different regulatory regimes.


Even the border between Sweden and Norway, one in the EU, the other out of it but wanting to remain much closer ‘in’ to EU institutional and legal frameworks (Single Market, Schengen) than our government, is a hard border. If alternative arrangements currently existed which obviated the need for any such border, they would already be operating right there. They are not.

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“Another contraction in the current quarter would officially herald a recession.”

Ahead of Brexit, UK Factories Go Quiet (R.)

British manufacturing contracted last month at the fastest rate in seven years, rocked by the deepening Brexit crisis and the global downturn, boding poorly for the chances of an economic rebound in the third quarter, a survey showed on Monday. The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 47.4 from 48.0 in July, a full point lower than the median forecast in a Reuters poll of economists and well below the 50 dividing line for growth and contraction.


Only German manufacturing fared worse among the national PMIs produced for Europe by data company IHS Markit. “The big picture is that manufacturing is on track to contract for a second consecutive quarter, and a meaningful recovery is unlikely given the ongoing struggles of global manufacturing,” Andrew Wishart, UK economist at consultancy Capital Economics, said. Britain’s overall economy shrank in the second quarter too, a hangover from the stockpiling boom in advance of the original March Brexit deadline. Another contraction in the current quarter would officially herald a recession.

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What she said in private…

Hong Kong Leader Says She Would ‘Quit’ If She Could (R.)

Embattled Hong Kong leader Carrie Lam said she has caused “unforgivable havoc” by igniting the political crisis engulfing the city and would quit if she had a choice, according to an audio recording of remarks she made last week to a group of businesspeople. At the closed-door meeting, Lam told the group that she now has “very limited” room to resolve the crisis because the unrest has become a national security and sovereignty issue for China amid rising tensions with the United States. “If I have a choice,” she said, speaking in English, “the first thing is to quit, having made a deep apology.”

Lam’s dramatic and at times anguished remarks offer the clearest view yet into the thinking of the Chinese leadership as it navigates the unrest in Hong Kong, the biggest political crisis to grip the country since the Tiananmen Square protests of 1989. Hong Kong has been convulsed by sometimes violent protests and mass demonstrations since June, in response to a proposed law by Lam’s administration that would allow people suspected of crimes on the mainland to be extradited to face trial in Chinese courts. The law has been shelved, but Lam has been unable to end the upheaval. Protesters have expanded their demands to include complete withdrawal of the proposal, a concession her administration has so far refused. Large demonstrations wracked the city again over the weekend.


Lam suggested that Beijing had not yet reached a turning point. She said Beijing had not imposed any deadline for ending the crisis ahead of National Day celebrations scheduled for October 1. And she said China had “absolutely no plan” to deploy People’s Liberation Army troops on Hong Kong streets. World leaders have been closely watching whether China will send in the military to quell the protests, as it did a generation ago in the bloody Tiananmen crackdown in Beijing. Lam noted, however, that she had few options once an issue had been elevated “to a national level,” a reference to the leadership in Beijing, “to a sort of sovereignty and security level, let alone in the midst of this sort of unprecedented tension between the two big economies in the world.”

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… and now denies in public.

Carrie Lam: Hong Kong Leader ‘Never Tendered Resignation To Beijing’ (BBC)

Hong Kong leader Carrie Lam has denied ever offering to resign, after audio was leaked of her saying she would if she could. Yesterday a recording of a private meeting emerged where she is heard saying: “If I have a choice, the first thing is to quit.” On Tuesday she said she had “never tendered any resignation”, but did not deny the authenticity of the recording. [..] The audio, published by Reuters on Monday, was recorded at a private meeting of business leaders that Ms Lam attended last week. In it she is heard blaming herself for igniting the territory’s political crisis, saying it was unforgiveable of her to have caused such huge havoc. “If I have a choice, the first thing is to quit, having made a deep apology, is to step down,” the voice on the tape says.


[..] She also says in the recording that China does not have a deadline by which it wants to solve the crisis in Hong Kong, and that Chinese authorities would not send in troops to end the protests. At a weekly press conference, Ms Lam was asked about the leaked audio. She said it was “totally unacceptable” that her remarks made in private had been recorded and passed to the media. “I have never tendered a resignation to the Central People’s Government,” the chief executive told reporters. “I have not even contemplated to discuss a resignation with the Central People’s Government.” “The choice of not resigning is my own choice,” she said, insisting she wanted “to help Hong Kong in a very difficult situation and to serve the people of Hong Kong”.

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“..the RussiaGate ploy alerted Americans that there truly is a Deep State with its own self-winding agenda.”

The Quickening (Kunstler)

Cue the rise of the redistributionists, that is, the people who want the government to determine who gets what and where to get it. Or, shall we say, who to take it from. Elizabeth Warren is leading the pack for now — the Oklahoma once-Republican grandma turned Leon Trotsky wannabe. I’ll give her this: she’s a helluva cheerleader. And she’s energetic for an old broad, prancing around the stage in her spandex yoga pants, arms akimbo, head vibrating. I wonder, though, whether voters (those aforesaid citizens) will remember that she vowed to give free health care to border-jumpers. Or that she pretended to be a Cherokee for career advancement at snooty Harvard. A rowdy-dowdy financial smash-up will tarnish the Trump MAGA brand for sure.


But will the Golden Golem of Greatness simply stew in the oval office or try some desperate new stunts to salvage his quixotic political career? And will his shaky marriage with the Republican Party veer into divorce court, with the party turning to a steadier and more conventional figure in the coming election year? They’ll get beat anyway as economic depression mounts, but they’ll save face in defeat. That is, if Mr. Trump manages to not start World War Three in the meantime. Odious as he is to many, history will record one salutary effect of his term in office: the RussiaGate ploy alerted Americans that there truly is a Deep State with its own self-winding agenda. A few perp-walks upcoming may have a chastening effect on future Swamp critters entertaining a higher calling, as the slippery James Comey put it — meaning, using the powerful machinery of government for your own purposes.

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Can’t find any of his accomplices, can we?

Jeffrey Epstein’s Model-Scouting Pal Has ‘Disappeared Without A Trace’ (NYP)

The model agency boss accused of scouting young girls for pedophile pal Jeffrey Epstein has disappeared like a “ghost,” as investigators scour the globe searching for him, a new report said. French authorities want to quiz Jean-Luc Brunel, 72, over his ties to Epstein as part of their own probe into the late financier who had a house in Paris, according to the Daily Mirror. “He is a ghost who has disappeared without a trace,” a legal source in Paris told the paper of Brunel, who discovered some of the biggest names in modeling, including Christy Turlington and Angie Everhardt. Investigators have made inquiries throughout the US and Europe, as well as Brazil, where the Frenchman was seen looking for girls just three months before Epstein, 66, was arrested, the paper says. “There is no address for him, all his internet accounts, including social media, have been wiped out. He is uncontactable,” the source told the Mirror.

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Sounds crazy: Boeing simply doesn’t answer questions.

New Delays Could Keep Boeing 737 MAX Grounded Into Holiday Travel Season (MW)

Friction between Boeing and international air-safety authorities threatens a new delay in bringing the grounded 737 MAX fleet back into service, according to government and pilot union officials briefed on the matter. The latest complication in the long-running saga, these officials said, stems from a Boeing briefing in August that was cut short by regulators from the U.S., Europe, Brazil and elsewhere, who complained that the plane maker had failed to provide technical details and answer specific questions about modifications in the operation of MAX flight-control computers.


Boeing as a result now has to resubmit briefing documents describing proposed software changes, these people said. The changes then have to be vetted by the U.S. Federal Aviation Administration before a follow-up meeting with the same participants can be held and crucial simulator and flight tests of the final software revisions scheduled. The upshot, the people said, is likely to be several more weeks of delay that could significantly reduce the likelihood that many of the planes would be back flying passengers in North America during the Christmas holidays, as Boeing and some U.S. carriers have publicly projected. The meetings and the fallout haven’t been reported before.

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At the Roger Waters performance of Wish You Were Here last night.

All Of Us Are In Danger: John Pilger Has Chilling Warning From Assange (RT)

Journalist John Pilger has delivered a stark warning from WikiLeaks co-founder Julian Assange, who said that his persecution is intended to kill dissent. “Speak up now,” Pilger said, or face “the silence of a new kind of tyranny.” Assange is currently serving a 50 week sentence in Belmarsh Prison for skipping a bail hearing in 2012. US authorities are seeking his extradition for his role in publishing classified documents, accusing him of espionage. Speaking at a rally outside the Home Office in London on Monday, Pilger passed on a message from the WikiLeaks editor who, if extradited and convicted, could be sentenced to 175 years in prison.

It’s not just me. It’s much wider. It’s all of us. It’s all journalists, and all publishers who do their job who are in danger.


“The danger Julian Assange faces can easily spread to the present and past editors of the Guardian, the New York Times, Der Spiegel, El Pais in Spain, the Sydney Morning Herald, and many other newspapers and media outlets that published the WikiLeaks revelations about the lies and crimes of our governments,” Pilger continued. “By defending Julian Assange we defend our most sacred rights,” Pilger warned. “Speak up now or wake up one morning to the silence of a new kind of tyranny.”

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In these difficult times, the UK press asks the hard-hitting questions: