Jun 042019
 
 June 4, 2019  Posted by at 9:35 am Finance Tagged with: , , , , , , , , ,  


Henri Matisse Still Life with Apples on Pink Cloth 1925

 

Repeal the Espionage Act (FFF)
Swedish Court Rejects Request To Detain Julian Assange (G.)
US Moving Toward Major Antitrust Probe Of Tech Giants (R.)
Tech Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” (WS)
Amazon and Facebook Both Want To Read Human Emotions (Kesel)
House To Vote Next Week On Whether To Find Barr, McGahn In Contempt (R.)
The Zeitgeist Knows (Kunstler)
New Poll Finds 61% Would Back Remain In A Second Referendum (TNE)
Canadian Inquiry Calls Deaths Of Indigenous Women ‘Genocide’ (R.)
The Great Insect Dying (Hance)
Arctic Is Thawing So Fast Scientists Are Losing Their Measuring Tools (TO)
High Likelihood of Human Civilization Coming to an End in 2050 (Nafeez Ahmed)

 

 

A good place to start.

Repeal the Espionage Act (FFF)

World War I is the gift that just keeps on giving. Although the U.S. government’s intervention into this senseless, immoral, and destructive war occurred 100 years ago, the adverse effects of the war continue to besiege our nation. Among the most notable examples is the Espionage Act, a tyrannical law that was enacted two months after the U.S. entered the war and which, unfortunately, remained on the books after the war came to an end. In fact, it is that World War I relic that U.S. officials are now relying on to secure the criminal indictment of Julian Assange, the WikiLeaks head who released a mountain of evidence disclosing the inner workings and grave wrongdoing on the part of the U.S. national-security establishment, especially with respect to the manner in which it has waged it undeclared forever wars in the Middle East and Afghanistan.

Some news media commentators are finally coming to the realization that if the Espionage Act can be enforced against Assange for what he did, it can be enforced against anyone in the press for revealing damaging inside information about the national-security establishment — i.e., the Pentagon, the CIA, and the NSA. Therefore, they are calling on the Justice Department to cease and desist from its prosecution of Assange. Of course, they are right, but the problem is that they don’t go far enough. Their mindsets reflect the customary acceptance of the status quo. The mindset is that we Americans simply have to accept the way things are and plead with the government to go easy on us.

That’s just plain nonsense. It is incumbent on the American people to start thinking at a high level, one that doesn’t just accept the existence of tyrannical laws and instead calls for their repeal. [..] Wilson had to force American men to fight in World War I. He conscripted them. Enslaved would be a better word. When a government has to force its citizens to fight a particular war, that’s a good sign that it’s a bad war, one that shouldn’t be waged. In fact that was one of the reasons for the Espionage Act—not to punish people for spying but rather for criticizing the draft and the war. The law converted anyone who publicly criticized the draft or attempted to persuade American men to resist the draft into felons. And make no mistake about it: U.S. officials went after such people with a vengeance, doing their best to punish Americans for doing nothing more than speaking.

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The only thing that makes any sense is to close the case immediately.

Swedish Court Rejects Request To Detain Julian Assange (G.)

An attempt to extradite Julian Assange to Sweden has suffered a setback after a court in Uppsala said he did not need to be detained. The ruling by the district court prevents Swedish prosecutors from applying immediately for an extradition warrant for Assange to face an allegation of rape dating back to 2010. Assange denies the accusation. Assange is serving a 50-week sentence in Britain for skipping bail after he spent seven years in the Ecuadorian embassy in London attempting to avoid extradition to Sweden. Swedish prosecutors dropped their rape investigation in 2017 but reopened it after Ecuador rescinded its grant of asylum to Assange in April this year and allowed British police to arrest him.

The 47-year-old Australian was too ill to appear last week at the latest hearing at Westminster magistrates court in relation to a rival US extradition request. US government lawyers are seeking his removal to the US where he is charged with conspiracy to commit computer intrusion, which carries a maximum penalty of five years. He also faces additional charges of violating the Espionage Act by publishing classified information through WikiLeaks. If both Sweden and the US present competing extradition requests, it will be up to the UK home secretary, Sajid Javid, to decide which application takes priority. At the Swedish court on Monday, a judgment was read out saying that since Assange was already in a British prison he did not need to be formally detained to be questioned by Swedish prosecutors.

“As Julian Assange is currently serving a prison sentence, the investigation can proceed with the help of a European investigation order, which does not require Julian Assange’s detention (in Sweden). The court therefore does not find it proportional to detain Julian Assange,” the judgment said. Assange’s Swedish defence lawyer, Per Samuelson, argued that Assange’s imprisonment in Britain meant there was no flight risk. “He is in prison for half a year at least, and he is detained on behalf of the United States. So there is no point detaining him in Sweden too,” Samuelson said.

Responding to the ruling, the Swedish prosecutor Eva-Marie Persson said: “The investigation continues with interviews in Sweden. I will also issue a European investigation order in order to interview Julian Assange. No date has been set yet. We will constantly review the state of the investigation.” Before the judgment, the prosecutor confirmed that if the court granted her request she intended to issue a European arrest warrant for Assange “concerning surrender to Sweden”.

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May take years.

US Moving Toward Major Antitrust Probe Of Tech Giants (R.)

The U.S. government is gearing up to investigate whether Amazon, Apple, Facebook and Google misuse their massive market power, sources told Reuters on Monday, setting up what could be an unprecedented, wide-ranging probe of some of the world’s largest companies. The Federal Trade Commission and the Department of Justice, which enforce antitrust laws in the United States, have divided oversight over the four companies, two sources said, with Amazon and Facebook under the watch of the FTC, and Apple and Google under the Justice Department.


With jurisdiction established, the next step is for the two federal agencies to decide if they want to open formal investigations. Results are not likely to be quick. A previous FTC probe of Google took more than two years. Technology companies face a backlash in the United States and across the world, fueled by concerns among competitors, lawmakers and consumer groups that the firms have too much power and are harming users and business rivals. Shares of Facebook Inc fell 7.5% on Monday while Google’s owner Alphabet Inc shed more than 6%. Amazon.com Inc shares fell 4.6% and Apple Inc dipped 1%.

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Pretty wild swings.

Tech Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” (WS)

It’s a rare moment in recent years that US government regulators are suddenly going after four tech and social media giants simultaneously – Facebook, Amazon, Google, and Apple. These four companies are part of my FANGMAN index that also includes Microsoft, Nvidia, and Netflix. The index dove 4.3% today, the biggest percentage decline since the infamous 4.6% drop on December 24, 2018. In terms of dollars, $137 billion in market capitalization was wiped out. Over the past four trading days the FANGMAN index has dropped by 6.6%. I highlighted today’s move in red (market cap data via YCharts):

The index has gone through some brain-twisting surges and plunges over the past two years. It peaked on August 31, 2018 (at $4.63 trillion), then plunged 29% by December 24 (to $3.29 trillion), then exploded 40% higher by April 29. But that day, at $4.61 trillion, it failed to take out the August high. And then the selling started. Since April 29, the FANGMAN index has dropped 14.0%, or by $645 billion in market cap, giving up 49% of the post-Christmas rally in just five weeks.

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And here’s that Orwell guy again.

Amazon and Facebook Both Want To Read Human Emotions (Kesel)

Facebook and Amazon’s insanity only seems to continue with no sign of slowing down anytime soon. Now, the two big conglomerate giants want to move into the uncharted territory of reading human emotions, both in their own ways. Facebook wants a robot that has five senses which can read human emotions. Facebook wants “emotionally sensitive” robots that can explore the world, identify objects and people and enable its users to make more friends, Dailymail reported. The robots would be fitted with wheels or tank-like caterpillar treads that would allow them to trundle about their environment. Alternatively, such robots could be fitted out with drive systems that would allow them to move around underwater, fly through the air or float in space, Facebook suggest in their patent.


I am not sure why anyone would trust Facebook with data ever again, let alone biometric data, after all the numerous scandals Activist Post has documented including data mining. But to each their own I guess. Amazon is also looking into reading human emotions in a completely different way by utilizing a voice-activated wearable device, that will sense its wearer’s state of mind by the tone of voice, Bloomberg reported. It’s worth noting that both companies have a smart home device, and after reading this you should fear what information is being gathered by the cameras and microphones attached to those electronics … besides the typically targeted advertising to turn consumers into the product.

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The Democrats need to hurry with that impeachment plan, lest ‘the other side’ starts handing out indictments.

House To Vote Next Week On Whether To Find Barr, McGahn In Contempt (R.)

The U.S. House of Representatives will vote next week on whether to hold Attorney General William Barr and former White House counsel Don McGahn in contempt of Congress for failing to comply with subpoenas related to the probe into Russian meddling in the 2016 election, the No. 2 House official said on Monday. “Next Tuesday, I will bring a resolution to the House floor forcing Attorney General Barr and former White House counsel McGahn to comply with congressional subpoenas that have been duly issued by the House Judiciary Committee,” House Majority Leader Steny Hoyer said in a statement. “The resolution will authorize the Judiciary Committee to pursue civil action to seek enforcement of its subpoenas in federal court,” said Hoyer, a Democrat.


The House move escalated the fight between the Republican White House and Democrats who control the House and are seeking documents and testimony relating to various investigations, ahead of the 2020 presidential election in which President Donald Trump is seeking a second term. The House Judiciary Committee voted on May 8 to recommend that the full House cite Barr, the top U.S. law enforcement official and a Trump appointee, for contempt of Congress after he defied its subpoena to hand over an unredacted version of Special Counsel Robert Mueller’s report on 2016 Russian election interference. Democrats had also subpoenaed McGahn to testify before the Judiciary Committee last month, but he did not appear after the White House directed him not to comply.

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“Everybody’s broke, one way or another, even though they are up to their eyeballs in products designed to fall apart in a few years.”

The Zeitgeist Knows (Kunstler)

Who said the global economy was a permanent installation in the human condition? The head cheerleader was The New York Times’s Tom Friedman, with his 1999 book, The Lexus and the Olive Tree, the trumpet blast for the new order of things. Since then, we partied like it was 1999, with a few grand mal seizures of the banking system along the way, some experiments in creating failed states abroad, and the descent of America’s middle-class into a Disney version of Hieronymus Bosch’s Last Judgment — which is kind of what you see on the streets of Los Angeles these days.

Guess what: the global economy is winding down, and pretty rapidly. Trade wars are the most obvious symptom. The tensions underlying that spring from human population overshoot with its punishing externalities, resource depletion, and the perversities of money in accelerated motion, generating friction and heat. They also come from the fact that techno-industrialism was a story with a beginning, a middle, and an end — and we’re closer to the end than we are to the middle. There will be no going back to the prior party, whatever way we pretend to negotiate our way around or through these quandaries.

The USA-China romance was bound to end in divorce, which Mr. Trump is surreptitiously suing for now under the guise of a negotiated trade rebalancing. The US has got a chronic financial disease known as Triffin’s Dilemma, a set of disorders endemic to any world reserve currency. The disease initially expressed itself in President Nixon’s ditching the US dollar’s gold backing in 1971. By then, the world had noticed the dollar’s declining value trend-line, and threatened to drain Fort Knox to counter the effects of holding those dollars. Since then, all world currencies have been based on nothing but the idea that national economies would forever and always pump out more wealth.

It turns out that they pump out more debt in the pursuit of that chimerical wealth until the economic viziers and banking poohbahs begin to declare that debt itself is wealth — and now all the major players around the world are choking to death on that debt, especially the USA and China, but also Japan and the dolorous commune known as the EU. Everybody’s broke, one way or another, even though they are up to their eyeballs in products designed to fall apart in a few years. Better learn how to fix stuff, especially machines, because a lot of it won’t be replaced going forward.

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Explosive.

New Poll Finds 61% Would Back Remain In A Second Referendum (TNE)

New polling has found that 61% of those who would vote in a second referendum would vote to Remain in the European Union. The YouGov survey for KIS Finance found that between the choice of Theresa May’s Brexit deal or remaining in the EU, 61% of those who confirmed they would vote stated they wanted the UK to stay in the European Union. When a no-deal scenario is added into the mix, 53% of people would vote to Remain, while 34% would vote for no-deal, and just 12% would vote for Theresa May’s deal. The research also uncovered that 1 in 10 have put off important financial decisions, such as buying their first home, moving house, spending money on home improvements, investing and making major purchases such as a car, until the future of Brexit is clear. In London this figures rises to 1 in 5 who have delayed key financial decisions as a direct result of Brexit.

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No words. How can a country allow this to happen?

Canadian Inquiry Calls Deaths Of Indigenous Women ‘Genocide’ (R.)

The deaths in Canada of more than a thousand aboriginal women and girls in recent decades was a national genocide, a government inquiry into murdered and missing indigenous women concluded in a report on Monday. The 1,200-page report, which resulted from an inquiry launched by Prime Minister Justin Trudeau’s government in 2016, blamed the violence on long-standing discrimination against indigenous people and Canada’s failure to protect them. It also made sweeping recommendations to prevent future violence against indigenous women. The Royal Canadian Mounted Police revealed in 2014 that 1,017 aboriginal women had been murdered between 1980 and 2012.


The inquiry, which was beset by delays and staff resignations, opened painful wounds as it heard testimony from 468 family members of missing or murdered women. “This colonialism, this discrimination and this genocide explains the high rates of violence against indigenous women, girls, 2SLGBTQQIA people,” Marion Buller, the chief commissioner of the inquiry, said at a ceremony held to present the report. The 2SLGBTQQIA group refers to two-spirit, lesbian, gay, bisexual, transgender, queer, questioning, intersex and asexual people. “An absolute paradigm shift is required to dismantle colonialism in Canadian society. And this paradigm shift must come from all levels of government and public institutions,” Buller said.

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“To assess the range of scientific opinion, Mongabay interviewed 24 entomologists and other scientists working on six continents, in more than a dozen countries, to better determine what we know, what we don’t, and, most importantly, what we should do about it. This is part one of a four-part exclusive series by Mongabay senior contributor Jeremy Hance.”

The Great Insect Dying (Hance)

Humans like to think we run the world, believing in our omnipotence. But while we shape and engineer — make, muddle and destroy — we are not, according to scientists, the world’s ultimate controllers. That role clearly falls to insects, “the little things that run the world,” as E.O. Wilson, the world’s pre-eminent entomologist, told us back in 1987. Insects may be tiny, but they are mighty and superabundant. British entomologist and ecologist C.B. Williams once estimated a population of one million trillion insects on Earth at any given time. They are everywhere that there is land and sky — intimately involved with everything.


Mirror image? Two look-alike insects photographed in Southeast Asia. Image by Tan Ming Kai

Insects tend to every square centimeter of living soil; they aerate and fertilize; they breakdown the billions of bits of organic debris and waste that other Earth residents produce, disposing of everything from leaf litter to elephant dung. Insects are the original recyclers, digesting dead wood and dead bodies. They also reside at the base of the food chain, feeding tens of thousands of birds, mammals, reptiles, amphibians, fish — and, by extension, us. More than 300,000 known plants are pollinated by animals, most of them insects.


It’s estimated that all the world’s arthropods, a group that includes insects, arachnids, millipedes, centipedes and crustaceans, weigh 17 times more than the planet’s 7.5 billion humans. Take away this vast mass of crawling, fluttering, skittering insects — comprising maybe 90 percent of all animal species — and you’re truly staring planetwide ecological breakdown in the eye. Waste will pile up; soil will shed nutrients without replacement; animals will starve; and potentially hundreds of thousands of plant species will vanish. Extinction would stalk the land like a famished beast, and the future of humanity would be at stake.


The Schoenherr blue weevil (Eupholus schoenherrii) is a spectacular blue and turquoise beetle from New Guinea. Image by Rhett Butler/Mongabay

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Tools swallowed up by thawing soil.

Arctic Is Thawing So Fast Scientists Are Losing Their Measuring Tools (TO)

Greenland is melting much faster than previously understood, as melting has increased six-fold in recent decades, according to a study published in the Proceedings of the National Academy of Sciences. “We wanted to get a long precise record of mass balance in Greenland that included the transition when the climate of the planet started to drift off natural variability, which occurred in the 1980s,” study co-author Eric Rignot told CNN. “The study places the recent (20 years) evolution in a broader context to illustrate how dramatically the mass loss has been increasing in Greenland in response to climate warming.”

Rignot added, “As glaciers will continue to speed up and ice/snow melt from the top, we can foresee a continuous increase in the rate of mass loss, and a contribution to sea level rise that will continue to increase more rapidly every year.” The study also shows how sea level rise is accelerating, and will continue to do so with each passing year, as the effects compound upon themselves. On that note, Indonesia recently announced it will be moving its capital city of Jakarta, partly due to the sinking of the land and sea level rise. This is a city of 10 million people.

Permafrost in the Arctic is now thawing so fast that scientists are literally losing their measuring equipment. This is due to the fact that instead of there being just a few centimeters of thawing each year, now several meters of soil can become destabilized in a matter of days. Adding insult to injury, another study revealed that this permafrost collapse is further accelerating the release of carbon into the atmosphere, possibly even doubling the amount of warming coming from greenhouse gases released from the tundra. Already in Greenland, the ice sheet’s melt season began about a month early while in Alaska, several rivers saw winter ice break up on their earliest dates on record.

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It’s life, captain, but no longer as we know it.

The headline may look crazy, but Nafeez is not a crazy man.

High Likelihood of Human Civilization Coming to an End in 2050 (Nafeez Ahmed)

A harrowing scenario analysis of how human civilization might collapse in coming decades due to climate change has been endorsed by a former Australian defense chief and senior royal navy commander. The analysis, published by the Breakthrough National Centre for Climate Restoration, a think-tank in Melbourne, Australia, describes climate change as “a near- to mid-term existential threat to human civilization” and sets out a plausible scenario of where business-as-usual could lead over the next 30 years. The paper argues that the potentially “extremely serious outcomes” of climate-related security threats are often far more probable than conventionally assumed, but almost impossible to quantify because they “fall outside the human experience of the last thousand years.”

On our current trajectory, the report warns, “planetary and human systems [are] reaching a ‘point of no return’ by mid-century, in which the prospect of a largely uninhabitable Earth leads to the breakdown of nations and the international order.” The only way to avoid the risks of this scenario is what the report describes as “akin in scale to the World War II emergency mobilization”—but this time focused on rapidly building out a zero-emissions industrial system to set in train the restoration of a safe climate.

The scenario warns that our current trajectory will likely lock in at least 3 degrees Celsius (C) of global heating, which in turn could trigger further amplifying feedbacks unleashing further warming. This would drive the accelerating collapse of key ecosystems “including coral reef systems, the Amazon rainforest and in the Arctic.” The results would be devastating. Some one billion people would be forced to attempt to relocate from unlivable conditions, and two billion would face scarcity of water supplies. Agriculture would collapse in the sub-tropics, and food production would suffer dramatically worldwide. The internal cohesion of nation-states like the US and China would unravel.

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“If we are (almost) the only animal with a sense of justice, it is because we also are (almost) the only animal with a sense of cruelty.”
– Nassim Nicholas Taleb

 

 

 

 

May 252019
 
 May 25, 2019  Posted by at 10:24 am Finance Tagged with: , , , , , , , ,  


 

What Assange Charges Could Mean For Press Freedom (Jonathan Turley)
A Threat to the Press and the American People (IC)
Professional #Assange Smearers Finally Realize His Fate Is Tied To Theirs (CJ)
The Belligerence of Empire (Orphan)
Australian Government Urged To Intervene In Assange Case (G.)
Trump Wants Investigation Into Australia’s Role In ‘Russian Hoax’ (G.)
The Golem Strikes Back (Kunstler)
Political Media Is a Hucksters’ Paradise (Taibbi)
Trump Declares Emergency To Expedite Arms Sales To Saudi Arabia And UAE (CNN)
For The First Time Ever, China Takes Over An Insolvent Bank (ZH)
EU Fraud Watchdog Considering Nigel Farage Investigation (G.)
We’ve Created A Civilisation Hell Bent On Destroying Itself (C.)

 

 

Hundreds of assessments of what the Assange charges mean. Turley’s not a bad place to start.

What Assange Charges Could Mean For Press Freedom (Jonathan Turley)

For over a decade, there has been a raging debate over precisely what Julian Assange is – whistleblower, journalist, or spy. Now that question will have to be answered after the United States hit him with 17 new counts under the Espionage Act for receiving and publishing information from Army intelligence analyst Chelsea Manning. The Trump administration has now crossed the line that many counselled it to avoid – and may have triggered the most important press freedom case in the US in 300 years. While the status of Assange has long been hotly debated, his actions in publishing classified information on Wikileaks is a common component of journalism. Indeed, the most celebrated cases in history – such as the failed attempts to stop the release of the Pentagon Papers in 1971 – were based on the publications of classified evidence.

Assange’s supporters note that his publications revealed alleged war crimes in places like Afghanistan and Iraq that were unlikely to have been exposed otherwise. If it was a crime for Assange to receive and publish such information, much of the journalism in the US would become a de facto criminal enterprise. In April, the government avoided this threshold question by charging Assange with a single count of conspiracy to commit computer intrusion. The charge related to helping Manning obtain access to defence department computers in 2010. In doing so, the justice department stayed clear of charging him as a publisher as opposed to an intruder. That is until Thursday.

The charges were brought under the controversial Espionage Act of 1917. Passed after World War One, it was used to target anti-war activists and political dissidents. The law has long been denounced as unconstitutional in its criminalising of receiving and publishing classified information. It is no surprise that the justice department had to use this much-ridiculed law to achieve this ignoble goal. Counts nine through 17 against Assange concern the publications of “national defence information.” The justice department takes pains to try to argue that Assange is not a journalist and that the publication counts concern the disclosure of not just classified information but the actual names of intelligence sources. That however may establish that Assange is a poor journalist, but a journalist all the same.

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Everybody does what WikiLeaks does. Just not as successful.

A Threat to the Press and the American People (IC)

The indictment says that Assange and WikiLeaks “repeatedly sought, obtained, and disseminated information that the United States classified due to the serious risk that unauthorized disclosure could harm the national security of the United States.” That is almost a textbook definition of the job of a reporter covering national security at a major news organization. Take a look at the tips pages of most news outlets, and you’ll see a remarkable similarity between what journalists ask for and what WikiLeaks sought. The indictment goes on to say that “WikiLeaks’s website explicitly solicited censored, otherwise restricted, and until September 2010, ‘classified’ materials.”


Today, virtually every major news organization has a similar secure drop box where sources can provide information anonymously. WikiLeaks popularized that technique for soliciting anonymous leaks, but it is now common journalistic practice. “Assange personally and publicly promoted WikiLeaks to encourage those with access to protected information, including classified information, to provide it to WikiLeaks for public disclosure,” the indictment says. Nearly every national security reporter goes on television, gives speeches, or launches book tours to promote their work and hopefully obtain new sources. All of this raises an obvious question: If the government can charge Assange for conspiring to obtain leaked documents, what would stop it from charging the CIA beat reporter at the New York Times for committing the same crime?

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Rachel Maddow is a giant blemish on our world.

Professional #Assange Smearers Finally Realize His Fate Is Tied To Theirs (CJ)

“And, you know, I know you,” Maddow continued, pointing to the camera. “Given everything else that we know about the WikiLeaks guy, I can feel through the television right now your mixed feelings about what I am saying. I can feel what may be, perhaps, a certain lack of concern about Julian Assange’s ultimate fate, given his own gleeful and extensive personal role in trying to help a hostile foreign government interfere in our election in order to install their chosen president with WikiLeaks’ help. Okay? I know. Okay, I feel ya. I got it. But, it is a recurring theme in history, heck, it is a recurring theme in the Bible, that they always pick the least sympathetic figures to try this stuff on first.

Despite anyone’s feelings about this spectacularly unsympathetic character at the center of this international drama, you are going to see every journalistic institution in this country, every First Amendment supporter in this country, left, right and center, swallow their feelings about this particular human and denounce what the Trump administration is trying to do here. Because it would fundamentally change the United States of America.” Wow. Make no mistake, this is a hugely significant development. This isn’t just some columnist for the New York Times or the Guardian, this is Rachel effing Maddow, the Queen Mother of all tinfoil pussyhat-wearing Russiagate insanity.

This same pundit was just a couple of months ago not just smearing but outright lying about Assange, deceitfully telling her audience that the new legal rings closing around Assange were about his 2016 publications then instructing viewers not to Google anything about it because they’ll get computer viruses. Now that she’s recognized that this could actually hurt her and her network directly, she’s finally feeding her audience a different narrative out of sheer enlightened self-interest.

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Violence is the sole language of empire.

The Belligerence of Empire (Orphan)

Violence is the sole language of empire. It is this only currency it uses to enforce its precepts and edicts, both at home and abroad. Eventually this language becomes internalized within the psyche of the subjects. Social and cultural conditioning maintained through constant subtle messaging via mass media begins to mold the public will toward that of authoritarian conformity. The American Empire is emblematic of this process. There is mass compliance to the dictates of the ruling class and this occurs most often without any prompting or debate whatsoever. In this dictatorship of money the poor are looked at with ridicule and contempt, and are often punished legally for their imposed poverty.

But the social conditioning of the American public has led toward a bizarre allegiance to its ruling class oppressors. Propaganda still works here and most are still besotted with the notion of America being a bastion of “freedom and democracy.” The growing gap between the ultra-wealthy and the poor and the gutting of civil liberties are ignored. And blind devotion is especially so when it comes to US foreign policy. Most Americans still believe they live in the greatest country on the planet. They believe the American military to be noble and that they always reluctantly go into or are forced into war. Indeed, both the Democrats and Republicans possess an uncanny ability to bridge their ideological distances when it comes to defending US militarism, the Pentagon and the war machine of imperialism.

But this is tied to the defense of capitalism, the ruling class, and the ultimate reason for war: the protection of that class’s global capital investments. The persecution of Chelsea Manning, much like the case of Julian Assange, is demonstrative of this. It is a crusade against truth tellers that has been applauded from both sides of the American establishment, liberal and conservative alike. It does not matter that she helped to expose American war crimes. On the contrary, this is seen as heresy to the Empire itself. Manning’s crime was exposing the underbelly of the beast. A war machine which targeted and killed civilians and journalists by soldiers behind a glowing screen thousands of miles away, as if they were playing a video game.

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They would have already if they wanted.

Australian Government Urged To Intervene In Assange Case (G.)

The Australian film-maker who spent 15-months in a Cambodian jail on spying charges says he fears Julian Assange is being used as an “example” to other journalists as part of what he described as “a fundamental attack on the fourth estate”. James Ricketson spent more than a year inside the overcrowded Prey Sar prison in Phnom Penh on spying charges before his release last September after a public outcry and lobbying by the Australian government. On Friday he told Guardian Australia he hoped the Morrison government would make “a forthright public statement” in support of Assange and the principle of press freedom.


“I would like to think the Australian government is woking in the background to forge some kind of resolution that is fair and equitable in the Julian Assange case,” he said. “Although it was not clear to me at the time, it’s now clear that from at least January last year there were fairly high-level representations being made to the Cambodian government on my behalf. “The government had its own reasons for why it needed to keep that secret [but] it would certainly be nice if it were to make a public statement to the effect that we’re concerned about the fate of Julian Assange and the impact of this extradition attempt on investigative journalism in Australia and worldwide.”

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Talking about Australia…

Trump Wants Investigation Into Australia’s Role In ‘Russian Hoax’ (G.)

Donald Trump has said he wants Australia’s role in setting off the FBI inquiry into links between Russia and his election campaign examined by the US attorney general, William Barr. It is a potentially explosive development for the historically solid US-Australian alliance and the first time Trump has publicly named Australia while discussing what he calls the “Russia hoax” and “witch hunt”. A spokesman for Marise Payne, Australia’s foreign affairs minister, responded to the comments on Saturday by saying: “Australia and the United States are the closest of allies.” “The government has not commented on these matters and doing so could prejudice any ongoing investigation,” he said.

Trump said he had declassified “potentially millions of pages” of intelligence documents related to surveillance activities on his campaign and Barr would be in charge of analysing it. “So what I’ve done is I’ve declassified everything,” Trump told reporters at the White House on Friday before leaving on a trip to Japan. “He can look and I hope he looks at the UK and I hope he looks at Australia and I hope he looks at Ukraine. “I hope he looks at everything, because there was a hoax that was perpetrated on our country.” Trump’s former campaign aide George Papadopoulos has claimed that Australia’s former high commissioner to the UK, Alexander Downer, spied on him during a meeting at a London bar in May 2016.

Downer has rejected this, but said that during the meeting Papadopoulos had told him Russia had damaging material on Trump’s presidential rival, Hillary Clinton. In an interview with the ABC’s Matt Bevan, Downer said Papadopoulos told him during the meeting he was confident Trump would win the election because the Russians had some information on Clinton which could be damaging to her if released. Downer then passed this information on to Canberra. Papadopoulos denies he ever mentioned Russia and Clinton during the meeting.

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“..the US Intel “community” trafficked in fictitious malarkey supplied by Mrs. Clinton..”

The Golem Strikes Back (Kunstler)

There’s perhaps a lot to dislike about Donald J. Trump, US President No. 45. Despite all the grooming and tailoring, there’s little savoir faire there. He tweets not like a mellifluous songbird, but in snorts like a rooting aardvark. His every predilection is an affront to the refined Washington establishment: his dark business history, his beloved ormolu trappings, his Mickey-D cheeseburgers, the mystifying hair-doo. Even so, the bad faith of his antagonists exceeds even Mr. Trump’s defects and vices. The plot they concocted to get rid of him failed. And, yes, it was a plot, even a coup. And they fucked it up magnificently, leaving a paper trail as wide as Interstate-95.

Now all that paper is about to fall over the District of Columbia like radioactive ash, turning many current and former denizens of rogue agencies into the walking dead as they embark on the dismal journey between the grand juries and the federal prisons. Hence, the desperate rage of the impeachment faction, in direct proportion to their secret shameful knowledge that the entire RussiaGate melodrama was, in fact, a seditious subterfuge between the Hillary Clinton campaign and a great many key figures in government up-to-and-including former president Barack Obama, who could not have failed to be clued-in on all the action. Even before the declassification order, the true narrative of events has been plainly understood: that the US Intel “community” trafficked in fictitious malarkey supplied by Mrs. Clinton to illegally “meddle” in the 2016 election.

[..] The evidence already public indicates that Robert Mueller must have known as early as the date of his appointment (and likely before) that the predicating evidence for his inquiry was false. After all, his lead prosecutor, Andrew Weissmann, was informed of that in no uncertain terms by Deputy Attorney General Bruce Ohr in 2016. Justice may seek to know why Mr. Mueller did not inform the target of his inquiry that this was so. The answer to that may be that Mr. Mueller’s true mission was to disable Mr. Trump as long as possible while setting an obstruction of justice trap — which also failed tactically.

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“..Democratic organizers realized they’d come within a hair’s breadth of printing bumper stickers and posters for an unraveling one-man Enron.”

Political Media Is a Hucksters’ Paradise (Taibbi)

Avenatti became an instant celebrity after he filed a lawsuit seeking to void the non-disclosure agreement between Trump and Daniels, in which she received a $130,000 payoff to be quiet about what she would later call “the least impressive sex I ever had.” In that, Avenatti had something cable television wanted more than anyone ever wanted anything: details about the president’s “smaller than average” tackle and Daniels’ tale of “getting fucked by a guy with Yeti pubes and a dick like the mushroom character in Mario Kart.” Avenatti leveraged being the gatekeeper of this story into daily TV appearances, where he quickly became a political figure in his own right, someone who would play the Democrats’ bare-knuckle answer to Trump.

By last summer in Iowa, he was already giving speeches as a presidential hopeful. CNN gushed: “Cribbing but amending Obama, Avenatti added, “When they go low, I say, we hit harder…” Whether by calling Michael Cohen a “thug,” or demanding an “immediate indictment” over the hush money issue, Avenatti could be counted on to take the maximally aggressive posture. Media figures couldn’t praise him enough. He was great, emotionally satisfying TV! Our own version of Trump! Ana Navarro compared him to the “Holy Spirit” on The View, while Joy Behar said “being a lawyer is minimal compared to what he’s doing.” MSNBC’s Stephanie Ruhle said, ”The Democrats could learn something from you.”

Brian Stelter, who later excused his admiration on the grounds Avenatti showed “Trump-like mastery” of media, said Avenatti should be taken “seriously as a contender.” In another forum he was called the “savior of the Republic.” Avenatti wasn’t the savior of anything. He turned out to be an epic buffoon and massive net minus for Democrat causes. His performance in the fight over Brett Kavanaugh’s Supreme Court confirmation last fall – where the Maya Angelo-quoting self-described feminist ended up having his own witness tell NBC he’d “twisted” her words – was just one faceplant. He was soon after arrested for domestic violence. This helped lead to cancellation of campaign events, as Democratic organizers realized they’d come within a hair’s breadth of printing bumper stickers and posters for an unraveling one-man Enron.

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Empire.

Trump Declares Emergency To Expedite Arms Sales To Saudi Arabia And UAE (CNN)

The Trump administration has declared an emergency to bypass Congress and expedite billions of dollars in arms sales to various countries — including Saudi Arabia and the United Arab Emirates — citing the need to deter what it called “the malign influence” of Iran throughout the Middle East. Secretary of State Mike Pompeo formally told lawmakers Friday of the administration’s plans. “These sales will support our allies, enhance Middle East stability, and help these nations to deter and defend themselves from the Islamic Republic of Iran,” Pompeo said in a statement that put the value of the sales at $8.1 billion.


In a Friday letter to congressional lawmakers, Pompeo said that he “determined that an emergency exists, which requires the immediate sale of the defense articles and defense services” to Saudi Arabia, the UAE and Jordan “in order to deter further the malign influence of the Government of Iran throughout the Middle East region,” according to a copy obtained by CNN. The notification comes on the same day as President Donald Trump’s announcement that he is sending an additional 1,500 US troops to the Middle East to counter Iran. Pompeo noted in his statement that “today’s action will quickly augment our partners’ capacity to provide for their own self-defense and reinforce recent changes to US posture in the region to deter Iran.”

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First time they announce it anyway.

For The First Time Ever, China Takes Over An Insolvent Bank (ZH)

There was a time when in the years following the financial crisis, every Friday the FDIC would report of one or more small and not small banks failing, as their liabilities exceeded their assets, who were taken over by larger peers with a taxpayer subsidy to cover the capital shortfall. And while this weekly event, also known as “FDIC Failure Friday” has faded from the US, for now, it has made a grand appearance in China. China’s financial regulators said on Friday the country’s banking and insurance regulator and the central bank, will take control of the small, troubled inner Mongolia-based Baoshang Bank due to the serious credit risks it poses.


The regulator’s control of Baoshang will last for a year starting on Friday, the People’s Bank of China (PBOC) and China Banking and Insurance Regulatory Commission (CBIRC) said on their websites. China Construction Bank (CCB) will be entrusted to handle the business operations of the small lender, based in the industrial city of Baotou, the statement said. Such a takeover by national authorities is extremely rare, and takes place amid gathering concerns among regulators and financial analysts about a renewed surge in bad debts…

… a record pace of corporate defaults, amounting to 39.2 billion yuan of domestic bond defaults in the first four months of the year, 3.4 times the total for the same period of 2018…

Moody’s analyst Yulia Wan told the WSJ that regulators likely decided to take over Baoshang to limit any fallout to businesses in Inner Mongolia. “The move is to reduce the risk of a shock to the local economy,” said said, adding that the Baoshang takeover appeared to be the first time that national authorities seized control of a bank since Chinese lenders started listing on stock markets in the 1990s. In the past when banks came under pressure, local authorities would pull together funds from local state-owned firms and investors, or have another bank stage a takeover.

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He’ll claim it’s a witch hunt.

EU Fraud Watchdog Considering Nigel Farage Investigation (G.)

The European Union’s anti-fraud watchdog is considering whether Nigel Farage should be investigated for any illegal activity over lavish payment from Arron Banks, the Guardian has learned. The agency, which goes by its French acronym, Olaf, revealed it was carrying out an assessment, which could lead to a formal investigation. This “initial assessment … does not mean that the individuals in question are guilty of any wrongdoing”, it said. While not a full-blown inquiry, it is a rare and significant step for Olaf to consider investigating a member of the European parliament. The European parliament this week opened an investigation into revelations made by Channel 4 that the insurance tycoon Arron Banks funded a lavish lifestyle for Farage in the year of the Brexit referendum.


In 2016, Farage received expenses of about £450,000, including rent on a Chelsea home, furniture, security and promotional trips to the US, where he attended the Republican national convention. Nothing was declared, an apparent violation of the European parliament’s code of conduct, which states that MEPs must report expensive gifts and attendance at events bankrolled by third parties. “We are aware of the press reports and public statements on the matter you are referring to,” a spokesperson for Olaf said, in response to questions from the Guardian. “It is only after such an initial assessment, which is currently ongoing, that Olaf decides whether or not to open an investigation.” The agency usually takes two months to carry out an assessment, which will examine whether the case falls under its remit and if there is “sufficient suspicion of fraud, corruption or any illegal activity affecting the EU’s financial interests”.

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Death cult.

We’ve Created A Civilisation Hell Bent On Destroying Itself (C.)

The coffee tasted bad. Acrid and with a sweet, sickly smell. The sort of coffee that results from overfilling the filter machine and then leaving the brew to stew on the hot plate for several hours. The sort of coffee I would drink continually during the day to keep whatever gears left in my head turning. Odours are powerfully connected to memories. And so it’s the smell of that bad coffee which has become entwined with the memory of my sudden realisation that we are facing utter ruin. It was the spring of 2011, and I had managed to corner a very senior member of the Intergovernmental Panel on Climate Change (IPCC) during a coffee break at a workshop. The IPCC was established in 1988 as a response to increasing concern that the observed changes in the Earth’s climate are being largely caused by humans.

The IPCC reviews the vast amounts of science being generated around climate change and produces assessment reports every four years. Given the impact the IPPC’s findings can have on policy and industry, great care is made to carefully present and communicate its scientific findings. So I wasn’t expecting much when I straight out asked him how much warming he thought we were going to achieve before we manage to make the required cuts to greenhouse gas emissions. “Oh, I think we’re heading towards 3°C at least,” he said. “Ah, yes, but heading towards,” I countered: “We won’t get to 3°C, will we?” (Because whatever you think of the 2°C threshold that separates “safe” from “dangerous” climate change, 3°C is well beyond what much of the world could bear.)

“Not so,” he replied. That wasn’t his hedge, but his best assessment of where, after all the political, economic, and social wrangling we will end up. “But what about the many millions of people directly threatened,” I went on. “Those living in low-lying nations, the farmers affected by abrupt changes in weather, kids exposed to new diseases?” He gave a sigh, paused for a few seconds, and a sad, resigned smile crept over his face. He then simply said: “They will die.”

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May 242019
 
 May 24, 2019  Posted by at 10:14 am Finance Tagged with: , , , , , , , ,  


 

 

Either You Are A Worthless Coward Or You Defend Assange (CJ)
Trump Orders FBI, CIA To “Fully Cooperate” With Barr (ZH)
Lone US Senator Decries Use Of Espionage Act Against Assange (RT)
Chelsea Manning and Her Lawyer On Today’s Superseding Indictment (SpM)
Amnesty International: Julian Assange “Not A Prisoner Of Conscience” (Wsws)
Theresa May Announces June 7 Resignation (G.)
A “European Empire” Won’t Make Europe Richer (Azihari)
Humans Causing Shrinking Of Nature As Larger Animals Die Off (G.)

 

 

What can I say? Feel as numb as can be. Any and all news organizations and ‘journalists’ who today talk about anything other than the death of their trade deserve that death.

The entire country, and indeed the western world, across all aisles, is silent. Not even the New York Times can muster the courage and decency to stand up for itself. Orwell wins.

Either You Are A Worthless Coward Or You Defend Assange (CJ)

And there it is. WikiLeaks founder Julian Assange has been charged by the Trump administration’s Justice Department with 17 counts of violating the Espionage Act, carrying a maximum sentence of 175 years in prison. Exactly as Assange and his defenders have been warning would happen for nearly a decade. The indictment, like the one which preceded it last month with Assange’s arrest, is completely fraudulent, as it charges Assange with “crimes” that are indistinguishable from conventional journalistic practices. The charges are based on the same exact evidence which was available to the Obama administration, which as journalist Glenn Greenwald noted last year declined to prosecute Assange citing fear of destroying press freedoms.

Hanna Bloch-Wehba, an associate professor at Drexel University’s Thomas R. Kline School of Law, has called the indictment “a worst-case, nightmare, mayday scenario for First Amendment enthusiasts.” Bloch-Wehba explains that that the indictment’s “theories for liability rest heavily on Assange’s relationship with Manning and his tendency to encourage Manning to continue to bring WikiLeaks material” in a way that “is not readily distinguishable from many reporter-source relationships cultivated over a period of time.” “Put simply, these unprecedented charges against Julian Assange and WikiLeaks are the most significant and terrifying threat to the First Amendment in the 21st century,” reads a statement by Freedom of the Press Foundation Executive Director Trevor Timm.

“The Trump administration is moving to explicitly criminalize national security journalism, and if this prosecution proceeds, dozens of reporters at the New York Times, Washington Post and elsewhere would also be in danger. The ability of the press to publish facts the government would prefer remain secret is both critical to an informed public and a fundamental right. This decision by the Justice Department is a massive and unprecedented escalation in Trump’s war on journalism, and it’s no exaggeration to say the First Amendment itself is at risk. Anyone who cares about press freedom should immediately and wholeheartedly condemn these charges.”

[..] “I find no satisfaction in saying ‘I told you so’ to those who for 9 years have scorned us for warning this moment would come,” tweeted WikiLeaks Editor-in-Chief Kristinn Hrafnsson. “I care for journalism. If you share my feeling you take a stand NOW. Either you are a worthless coward or you defend Assange, WikiLeaks and Journalism.”

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“Today’s action will help ensure that all Americans learn the truth about the events that occurred.”

Your indictment of Assange ensures the exact opposite.

Trump Orders FBI, CIA To “Fully Cooperate” With Barr (ZH)

President Trump on Thursday announced that he has directed the US intelligence community to “quickly and fully cooperate with the Attorney General’s investigation into surveillance activities during the 2016 Presidential election,” adding that Attorney General William Barr has been given “complete authority to declassify information pertaining to this investigation. In a third tweet, Trump added that “Today’s action will help ensure that all Americans learn the truth about the events that occurred.” The pending declassifications were announced on Tuesday night by The Hill’s John Solomon and Fox News’s Sean Hannity, whose inside sources told them of the wide swath of information about to hit.


Among the documents slated for release, according to their sources, will be the so-called “Bucket Five” – documents which were originally presented to the Gang of Eight in 2016, which included everything the FBI and DOJ used against Trump campaign aide Carter Page – including the FISA surveillance application and its underlying exculpatory intelligence documents which the FISA court may have never seen.

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And America dies another death.

Lone US Senator Decries Use Of Espionage Act Against Assange (RT)

Sen. Ron Wyden (D-Oregon) has become a rare voice among the US politicians to denounce the new US indictment of WikiLeaks publisher Julian Assange as an encroachment on First Amendment rights. In a statement on Thursday, hours after Assange was hit with 17 additional charges under the Espionage Act, that carry a maximum total sentence of 170 years, Wyden warned that using the draconian legislation to effectively punish Assange for journalistic work might have dangerous implications to the freedom of press in the US. “This is not about Julian Assange. This is about the use of the Espionage Act to charge a recipient and publisher of classified information. I am extremely concerned about the precedent this may set and potential dangers to the work of journalists and the First Amendment,” Wyden said.

Wyden is known as a long-time advocate of privacy and civil liberties in the US legislature. He championed legislation forcing the US government to obtain a warrant before spying on Americans outside the US in 2008 and pushed for a congressional investigation into allegations of abuse and torture of prisoners by the CIA during the Bush administration. Wyden’s take on Assange’s work is in stark contrast with that of the Department of Justice, which maintains that Assange “is no journalist.” Numerous members of the journalistic community have vented their outrage at the indictment, describing it as an “unprecedented assault” on the First Amendment. The Committee to Protect Journalists (CPJ) has echoed the sentiment, denouncing the charges against the Australian as a “threat to all journalists everywhere.”

While media, civil rights organizations and prominent whistleblowers like Edward Snowden have been sounding the alarm over the new worrying development in Assange’s case, politicians in Washington, with the rare exception, seem to be ignoring the buzz. US President Donald Trump, who used to praise WikiLeaks when it released damaging emails from Hillary Clinton’s campaign before the election, has not commented on the issue, being seemingly preoccupied with his spiraling feud with House Speaker Nancy Pelosi, who, likewise, has not said a word on Assange. Her colleagues on the Capitol Hill seem to be following the trend so far.

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They use the law as a sword..

Chelsea Manning and Her Lawyer On Today’s Superseding Indictment (SpM)

Chelsea Manning and her attorney Moira Meltzer-Cohen have issued the following statements in reply to today’s events: The continued detention of Chelsea Manning is purely punitive. Today’s events underscore what Chelsea has previously said, “[a]ll of the substantive questions pertained to my disclosures of information to the public in 2010—answers I provided in extensive testimony, during my court-martial in 2013.”

“I continue to accept full and sole responsibility for those disclosures in 2010,” said Chelsea Manning this evening. “It’s telling that the government appears to have already obtained this indictment before my contempt hearing last week. This administration describes the press as the opposition party and an enemy of the people. Today, they use the law as a sword, and have shown their willingness to bring the full power of the state against the very institution intended to shield us from such excesses.”

Moira Meltzer-Cohen, Manning’s attorney stated, “up until now the Department Of Justice has been reticent to actually indict publishers for work implicating matters of national security, because the first amendment rights of the press and public are so constitutionally valuable. This signals a real shift, and sets a new precedent for the federal government’s desire to chill and even punish the vigorous exercise of the free press.”

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Amnesty is toast. Victim of its own corporatism. Useless. Don’t donate to these losers.

Amnesty International: Julian Assange “Not A Prisoner Of Conscience” (Wsws)

[..] according to Amnesty International (AI), neither Assange nor Manning are “prisoners of conscience” and their defence is not being actively pursued by the human rights charity. In a letter to the Julian Assange Defence Committee (JADC) on May 17, Amnesty International UK declared, “Julian Assange’s case is a case we’re monitoring closely but not actively working on. Amnesty International does not consider Julian Assange to be a Prisoner of Conscience.” AI’s curtly worded letter followed an urgent appeal by Maxine Walker on behalf of the JADC. Her letter drew attention to multiple human rights violations against Assange. “We cannot state strongly enough that Julian Assange is in great peril”, she wrote.

Walker cited AI’s April 11 statement that “Assange should not be extradited or subjected to any other transfer to the USA, where there are concerns that he would face a real risk of serious human rights violations due to his work with Wikileaks.” Since then, Walker challenged, “no further statements appear to have been made by you… His name appears not to have been mentioned in your material for World Press Freedom Day, an extraordinary omission given his current situation and that Julian Assange was awarded the 2009 Amnesty International UK Media Award for New Media.” Her letter continued: “The UK government has ignored, indeed poured scorn, on the UN Working Group on Arbitrary Detention 2015 ruling that ‘the deprivation of liberty of Mr. Assange is arbitrary and in contravention of articles 9 and 10 of the Universal Declaration of Human Rights’.”

[..] The most egregious violations of Assange’s rights relate to the following principles: Article 3: Everyone has the right to life, liberty and security of person; Article 5: No one shall be subjected to torture or to cruel, inhuman or degrading treatment or punishment; Article 9: No one shall be subjected to arbitrary arrest, detention or exile; Article 10: Everyone is entitled in full equality to a fair and public hearing by an independent and impartial tribunal, in the determination of his rights and obligations and of any criminal charge against him; Article 14: Everyone has the right to seek and to enjoy in other countries asylum from persecution; Article 15: No one shall be arbitrarily deprived of his nationality nor denied the right to change his nationality; Article 17: No one shall be arbitrarily deprived of his property; Article 19: Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.

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But wait. The disaster hasn’t even started.

Theresa May Announces June 7 Resignation (G.)

Theresa May has bowed to intense pressure from her own party and named 7 June as the day she will step aside as Conservative leader, drawing her turbulent three-year premiership to a close. She made the announcement after a meeting with Graham Brady, the chair of the backbench 1922 Committee – which was prepared to trigger a second no-confidence vote in her leadership if she refused to resign. May’s fate was sealed after a 10-point “new Brexit deal”, announced in a speech on Tuesday, infuriated Tory backbenchers and many of her own cabinet – while falling flat with the Labour MPs it was meant to persuade.


The leader of the House of Commons, Andrea Leadsom, resigned on Wednesday, rather than present the Brexit bill to parliament. A string of other cabinet ministers had also expressed concerns, including Sajid Javid, Jeremy Hunt, Chris Grayling and David Mundell. In particular, they rejected May’s promise to give MPs a vote on a second referendum as the Brexit bill passed through parliament, and implement the result – which they felt came too close to endorsing the idea. The prime minister will remain in Downing Street, to shoulder the blame for what are expected to be dire results for her party at Thursday’s European elections – and to host Donald Trump when he visits.

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“..freedom, commerce, and science flourished [..] in the absence of political unity..”

A “European Empire” Won’t Make Europe Richer (Azihari)

A certain nostalgic view of the Roman Empire has helped to push the idea the European Union is essential to the prosperity and success of Europe. But a closer look at the continent invalidates the link between prosperity and affiliation to Brussels’ Europe. Among the richest European countries are the countries outside the Union. This is the case in Switzerland, Norway, Iceland and Liechtenstein. Nor is there a link between the wealth of a country and its membership in large political groups at the global level. In addition to the regions already mentioned, many places combine smallness and wealth, as shown by Singapore, Taiwan, South Korea and New Zealand. Unfortunately for the proponents of a political Europe, the historical rise of the European civilization also illustrates the opposite of the imperial narrative.

The American historian David Landes recalled in 1998 that the fall of the Roman Empire was a happy event for the Old Continent. These affirmations support the work of the sociologist Jean Baechler, who, three decades earlier, wrote that the expansion of European trade was favored by the anarchy inherited from the feudal order. Coupled with the relative cultural unity forged by the Catholic Church, the feudal anarchy inaugurated by the Middle Ages liberated the economy and the spirit of enterprise. This specificity of the West explains what the British historian Eric Jones called “the miracle” or “the exceptionalism” of Europe. Unlike oriental and Asian tyrants capable of killing the creativity of an empire, European monarchs, by the smallness of their territories, knew some limits to their predation.

It was therefore easier for the industrious Western classes to escape oppression by punishing bad governments through emigration. Consider the revocation of the Edict of Nantes under Louis XIV and the impoverishment of the Kingdom of France induced by the exodus of Protestants to more favorable havens like Switzerland, the Netherlands, or England. The absence of political unity allowed the continent to be ruled by many small, sovereign, and competing territorial divisions. From this competition was born a race for talent and capital, conducive to the diffusion of a certain political discipline. It was in these conditions that freedom, commerce, and science flourished.

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Turning the clock back millions of years. When humans didn’t exist.

Humans Causing Shrinking Of Nature As Larger Animals Die Off (G.)

Humanity’s ongoing destruction of wildlife will lead to a shrinking of nature, with the average body size of animals falling by a quarter, a study predicts. The researchers estimate that more than 1,000 larger species of mammals and birds will go extinct in the next century, from rhinos to eagles. They say this could lead to the collapse of ecosystems that humans rely on for food and clean water. Humans have wiped out most large creatures from all inhabited continents apart from Africa over the last 125,000 years. This annihilation will accelerate rapidly in the coming years, according to the research. The future extinctions can be avoided if radical action is taken to protect wildlife and restore habitats, and the scientists say the new work can help focus efforts on key species.

Animal populations have fallen by 60% since 1970, suggesting a sixth mass extinction of life on Earth is under way caused by the razing of wild areas, hunting and intensive farming. Scientists said this month that human society was in danger from the decline of the Earth’s natural life-support systems, with half of natural ecosystems now destroyed and a total of a million species at risk of extinction. “It is worrying that we are losing these big species when we don’t know their full role,” said Robert Cooke, at the University of Southampton, who led the new research. “Without them, things could begin to degrade quite quickly. Ecosystems could start to collapse and become not what we need to survive.”

Chris Carbone, of the ZSL Institute of Zoology in London, said: “This study predicts extinction rates that dwarf those recorded between recent ice ages and suggests that larger species are the most vulnerable. I wouldn’t be surprised if the situation for many larger animals is worse than the researchers suggest as their decline is exacerbated by selective poaching and the illegal wildlife trade.” The research, published in the journal Nature Communications, analysed five traits of 15,500 species of mammals and birds, including body mass, breadth of habitat, diet and the length of time between generations. They combined these with data from the International Union for Conservation of Nature’s red list of threatened species, which estimates the likelihood of extinction.

The results showed the survival of far more small, highly fertile and adaptable animals, such as rodents and songbirds, than larger creatures such as rhinos, tigers and eagles. “If all these extinctions [of larger animals] take place, we are fundamentally restructuring life on this planet,” said Cooke. Research in 2018 showed that the average size of wild animals has fallen by 14% in the last 125,000 years, as behemoths including mammoths and giant sloths were exterminated by humans. The new study predicts a further shrinking of 25% in just 100 years.

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Apr 262019
 
 April 26, 2019  Posted by at 9:39 am Finance Tagged with: , , , , , , , , , , , ,  


Francisco Goya The dummy 1791

 

Trump Has Just Taken The Biggest Economic Gamble Of His Presidency (AEP)
A Nation at War With Itself (Pat Buchanan)
Trump Attacks Democrat ‘Coup’ In 1st Post-Mueller Interview (RT)
US Is Investigating Assange Under Espionage Act – WikiLeaks (NP)
UN Special Rapporteur On Privacy Meets Assange In Prison: “I Will Act” (Maurizi)
Macron Responds To Gilets Jaunes Protests With €5 Billion Tax Cuts (G.)
Macron: Smaller Schengen Zone Because EU Migration Policies ‘Do Not Work’ (RT)
Irish Backstop Could Undermine EU Standards – Report (G.)
Juncker Refuses To Reject Huawei ‘Just Because It’s Chinese’ (RT)
Huawei Leak Highlights Collapse Of Discipline In May’s Cabinet (G.)
European Equities May Benefit As $1 Trillion In US Buybacks Vanish (ZH)
Universe Expands Faster Than Expected – NASA

 

 

Ambrose calls the depletion of Ghawar a “first-order shock”. Common knowledge though. Still, Trump may not be aware of it either if Ambrose isn’t.

Trump Has Just Taken The Biggest Economic Gamble Of His Presidency (AEP)

Donald Trump’s double strangulation of Iran and Venezuela is reducing spare capacity in the global oil markets to wafer-thin levels very fast. If anything goes wrong in the geopolitical cauldron of world energy over the next six months, we will discover whether Saudi Arabia really is capable of cranking up an extra 2 million barrels a day of crude. What we learnt from the rare glimpse of Saudi Aramco’s books this month is that the legendary Ghawar field is badly depleted. It cannot pump more that 3.8m barrels a day. This is a first-order shock. The company has always asserted with magisterial confidence that it can produce 5m barrels a day without difficulty.

Jean-Louis Le Mee, from Westbeck Capital, says the physical oil markets are on fire. They are heading for a supply deficit of 1.3m barrels a day by the third quarter even if OPEC matches every barrel of lost oil from Iran sanctions. “These numbers should have every investor worried,” he said. Global spare capacity is arguably as low today as it was during the great oil shocks of the last half century. We are skating on thin ice. The immediate wild card is renewed fighting in Libya but other supply problems are stacking up fast. Draconian new rules on shipping fuel to lower sulphur emissions imply a surge in demand for variants of diesel. Bank of America says this will add 1.1m barrels a day in short-term crude demand over coming months. “We see a risk of $US100 Brent by year-end,” it said.

The options markets are not priced for this so the theatrics could be spectacular. Libya is again on the cusp of full-blown civil war after the fateful march on Tripoli by general Khalifa Haftar, the mercurial Nasserist of Benghazi. The National Oil Corporation warns that a free-for-all by rival militias could cause a near total collapse in crude exports. The world could lose another 700,000 barrels a day. Brent crude has risen to a six-month high of $US74.50, up 25 per cent from its average levels over the winter. It has not yet reached the pain threshold for Europe or emerging markets but it is getting close. Oil has of course been much higher in the past – $US148 in 2008 – but the nominal price is not the macro-economic variable that matters. Trouble starts earlier if crude is rising because of a negative supply shock. That is what we face today.

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No, I haven’t become a fan of Buchanan. But his view warrants attention.

“How does a nation so divided stand united in the world? And if it cannot stand united in the world, how long does it remain a great nation?”

A Nation at War With Itself (Pat Buchanan)

President Donald Trump has decided to cease cooperating with what he sees, not incorrectly, as a Beltway conspiracy that is out to destroy him. “We’re fighting all the subpoenas,” Trump said Wednesday. “These aren’t, like, impartial people. The Democrats are out to win in 2020.” Thus the Treasury Department just breezed by a deadline from the House Ways and Means Committee to deliver Trump’s tax returns. Thus the White House will invoke executive privilege to deny the House Judiciary Committee access to ex-White House counsel Don McGahn, who spent 30 hours being interrogated by Robert Mueller’s team. Thus the Justice Department is withholding from the Oversight Committee subpoenaed documents dealing with the decision to include a question on the 2020 Census about citizenship status.

Across the capital, the barricades are going up figuratively as they did physically in the 1960s and ’70s. Once more, it’s us against them. Cognizant of the new reality, Trump seems to be saying: These House investigations constitute a massive political assault, in collusion with a hostile media, to destroy my presidency. We do not intend to cooperate in our own destruction. We are not going to play our assigned role in this scripted farce. We will resist their subpoenas all the way to November 2020. Let the people then decide the fate and future of the Trump presidency — and that of Nancy Pelosi’s House.

[..] Whatever may be said about the “deplorables,” they are not obtuse. They do not believe that people who call them racists, sexists, nativists and bigots are friends and merely colleagues of another party or persuasion. Trump’s defiance of subpoenas, however, will force the more moderate Democrats to join the militants in calling for hearings on impeachment in the House Judiciary Committee, which is where we are headed. The media are already salivating over the possible removal of a president they have come to loathe more than their great nemeses of the 20th century — Joe McCarthy and Richard Nixon. And the media will reward those who echo the call for impeachment. This week, two more Democrats running for president, including Sen. Kamala Harris, came aboard. Soon, the House will capitulate to the clamor and the stampede will be on.

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Sometimes I think the Democrats work for Trump. They hand him everything on a platter by getting lost in a fictional narrative.

Trump Attacks Democrat ‘Coup’ In 1st Post-Mueller Interview (RT)

Trump unloaded on Democrats, accusing them of an “attempted coup” in his first interview since the release of the Mueller report. Rehashing his usual rhetoric, Trump called the ‘Russiagate’ flop “bigger than Watergate.” On a victory lap since his election campaign was cleared of collusion with Moscow, Trump relied on a few tried and trusted tropes as he bashed the “13 angry Democrats” and “dirty cops” from the FBI for sparking the Russia investigation in an interview with Fox News’ Sean Hannity. The long-awaited publication of the redacted version of the Mueller report appears to have given Trump a huge boost of confidence as he sounded more assertive than ever, taking aim at his political opponents and doubling down on his innocence.


“The greatest scandal in the history of our country. Bigger than Watergate, because it means so much. This wasn’t stealing information from an office in the Watergate apartments. This was an attempted coup. It’s inconceivable. Like a third world country.” Trump lashed out at former rival Hillary Clinton for “destroying the lives” of his staffers, and blasted the FBI for going light on her during her private server investigation. But now, he said, the “tables have turned” and “it’s time to look at the other side,” calling the Russia investigation an “attempted overthrow of the United States government” and “a disgraceful thing.”

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Death penalty. For which UK cannot extradite. US is talking to Daniel Domscheit-Berg, who had a big fall-out with Assange. Letter sent to him is underneath the article.

US Is Investigating Assange Under Espionage Act – WikiLeaks (NP)

Right after the London police carried Julian Assange from the Ecuadorian embassy, the United States demanded his extradition. A March 2018 indictment charges him with conspiracy to commit computer intrusion, carrying a maximum penalty of five years in prison. But that is not the entire truth. Only one day after writing the indictment, the US Attorney’s Office admitted it was also investigating Assange for the „unauthorized receipt and dissemination of secret information“. That is what the Department of Justice wrote in a letter to former WikiLeaks spokesperson Daniel Domscheit-Berg, which we are publishing in full.

This accusation can be charged under the Espionage Act of 1917, a World War I era federal law intended to protect military secrets which has also been used to charge Chelsea Manning and Edward Snowden. Convictions under the Espionage Act can be punished by death. The death penalty is not only inhumane and archaic, it has legal consequences: The United Kingdom is not allowed to extradite Assange if he faces the death penalty. Charging Assange for publishing classified information is an attack on press freedom, „obtaining and disseminating secret information“ is the very task of journalism. If WikiLeaks is charged, every journalist and media outlet publishing secret information will be on trial. While the Obama administration debated this dangerous precedent, the Trump government shows no restraints.

[..] In Virginia, a federal grand jury is secretly investigating Assange and WikiLeaks. In December 2017, an FBI agent filed an affidavit to support charging Assange with a computer hacking conspiracy. Based on that, the grand jury issued an indictment against Assange on March 6, 2018. This document was unsealed and published immediately after his arrest in London. It is the official justification for the extradition request. But that is not the whole story. Just one day after writing the indictment, on March 7, 2018, the same US Attorney, Tracy Doherty-McCormick, wrote a letter to the lawyers of Daniel Domscheit-Berg in Germany.

Sporting the Department of Justice seal, the chief federal prosecutor requests a „voluntary questioning“ of Domscheit-Berg, explicitly „about possible violations of US federal criminal law regarding the unauthorized receipt and dissemination of classified information“ – a drastic accusation under the Espionage Act. The US Attorney goes on to explain some conditions for Domscheit-Berg. He must answer all questions fully and truthfully, the US may use all statements and information for criminal investigations and cross-examination. In return, whatever Domscheit-Berg testifies will not be used for prosecutions against him.

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Bit late perhaps?!

UN Special Rapporteur On Privacy Meets Assange In Prison: “I Will Act” (Maurizi)

He is the first person who has been able to visit Julian Assange at the Belmarsh prison besides Assange’s lawyers. In fact, although two weeks have passed since the arrest of the WikiLeaks’ founder, no other visitors are allowed apart from his lawyers. The UN Special Rapporteur on Privacy, Professor Joe Cannataci, just visited Julian Assange at the Belmarsh prison, a high security prison marked by the strictest prison regime in the UK, and in fact even visitors have to undergo to intensive controls, including police interviews, and of course meetings are monitored. Repubblica just interviewed the UN Rapporteur Cannataci.

Professor Cannataci, how did Assange seem to be doing? «My visit went well, Mr Assange was ready to answer my questions. We have already started gathering facts and asked questions of Assange’s legal team and of the Ecuadorian ambassador in London»

How is Julian Assange? We were all shocked by his appearance the day of his arrest… «I am not a physician, and so I am unable to make a medical assessment of him and of course I met him in prison, which is never a pleasant place to meet, however, it seemed to me he was in fairly good condition».

Were you able to talk to him with some privacy, or were you under surveillance? «No, my impression was that the UK authorities assured us a level of privacy intended for meetings with legal counsel. Usually in the UK prisons you have the following rules: for social meetings, like meetings with relatives, you don’t expect privacy, whereas meetings with legal counsels are usually not subjected to monitoring. These kinds of meetings are held in special places, usually 10-15 small rooms where detainees can meet their lawyers confidentially. I had asked for a confidential meeting and I am happy that the UK government agreed to provide us such a private meeting».

What are you investigating exactly, in relation to this meeting with Julian Assange? «At the end of March Mr Assange submitted an official complaint, which said that his right to privacy had been infringed during his time in the embassy of Ecuador. Together with my team, I made a preliminary assessment to see if his privacy has been infringed, therefore I am gathering the facts, these facts lead to a number of questions about behaviour which took place in the embassy. Today we are still in the preliminary stage. After my meeting with Mr Assange, I had a meeting with his legal team and then a meeting with the ambassador of Ecuador».

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I tell you: Macron simply doesn’t know he’s lost it all. He’s blind: “Did we take a wrong turn?’ I believe quite the opposite.” And that in the face of 25 weekends of protests against him.

Macron Responds To Gilets Jaunes Protests With €5 Billion Tax Cuts (G.)

Emmanuel Macron has vowed to make his style of politics more “humane”, but insisted he would press on with his project to liberalise the French economy and overhaul its welfare state despite five months of demonstrations by gilets jaunes (yellow vest) anti-government protesters. In his first press conference in two years as president, Macron promised €5bn worth of cuts to income tax for lower and average earners as well as pension rises for the poorest and vowed no more schools or hospitals would be closed during his presidency, as he responded to protests.

The centrist politician conceded that he needed to inject more “humanity” into his style of governance but insisted he would not make changes to his pro-business programme, despite the ongoing anti-government Saturday protests by gilets jaunes, which resulted in sporadic rioting and arson in Paris and other cities. Macron said he recognised the protesters’ “just demands” and “anger and impatience for change” and their feeling of not being taken into account by the “elites”, including the presidency, but public order must now be restored. He said although he respected the demonstrators who gathered at the start of the movement in November, he said it had “transformed progressively” and been marred by episodes of antisemitic violence, homophobia and rioting.

He said he stood by his project to liberalise the French economy, defending his controversial cuts to its wealth tax, which protestors sought to overturn. He said France was unique in Europe in not having dealt with its structural problem of mass unemployment so he would not go back on his planned “transformation” of the country. He said: “I asked myself: ‘Should we stop everything that was done over the past two years? Did we take a wrong turn?’ I believe quite the opposite.” [..] He promised to scrap the École nationale d’administration elite graduate training school for French civil servants and public officials. Saying the French style of governance needed to shift, Macron said he planned to make it easier for citizens to propose national referendums, and also would introduce 20% proportional representation into the lower house of parliament.

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Schengen, Dublin, they don’t serve Macron’s career, so out with them.

Macron: Smaller Schengen Zone Because EU Migration Policies ‘Do Not Work’ (RT)

The Schengen agreement and the current migrant-sharing mechanism are deeply flawed and need urgent fixing, French President Emmanuel Macron has said. Europe must “have borders” even if it means a smaller Schengen zone, he said. In the first major press conference since the Yellow Vest movement took off in November, Macron unveiled a range of policy measures to placate the protesters, including a proposed overhaul of the European-wide migration policy and the Schengen agreement. The embattled French leader argued that the agreement that guarantees free movement across the Schengen area, while “wonderful,” does not work anymore. The same, he said, applies to the Dublin Regulation that determines which EU member-state is responsible for accepting asylum seekers.


Under the current version of the agreement, which came into force in 2013 and applies to all EU member-states except Denmark, the main criteria for determining responsibility is the first point of entry. “The common borders, Schengen, Dublin agreements do not work anymore,” Macron said, adding that it is essential for Europe to make “profound” changes in its way of handling migrant arrivals. Macron called for reinforced border security, which might entail having a Schengen “with fewer states.” The Schengen area comprises 26 states, including 22 EU member-states and four non-EU countries: Norway, Iceland, Switzerland and Liechtenstein. It is named after the 1985 agreement that abolished internal borders allowing people within the zone to travel freely from one country to another.

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Trojan horse.

Irish Backstop Could Undermine EU Standards – Report (G.)

It is a dastardly trap, designed to lock freedom-loving Britain into the European Union’s protectionist customs union: that is the argument against the so-called backstop, cited by hardline Brexit advocates as the main reason why they have thrice voted down Theresa May’s deal with the European Union. But as the dust settles after months of chaos in Westminster, suspicions are growing on the other side of the Channel that the backstop could in fact be the very opposite: a brilliant deception device constructed by crack UK negotiators, which would allow a more reckless British prime minister to undermine the EU’s green and social standards while still keeping access to the European single market.

A new report, commissioned by the German Green party and seen by the Guardian, will exacerbate concerns in Berlin over the small print of the withdrawal agreement in its current form. The deal, agreed between the EU and the UK in November 2018 but voted down three times in the House of Commons, states that the whole of the UK would remain in a de facto customs union with the EU until a trade and security agreement has been reached that prevents the setting up of a hard border between the Republic of Ireland and Northern Ireland. nTo prevent Britain from diverting from EU standards on environmental or social protection after the backstop has come into effect, the customs territory would “include the corresponding level playing field commitments and appropriate enforcement mechanisms to ensure fair competition between the EU27 and the UK”.

The new German report, however, warns that the wording of the deal means the EU side will find it impossible to stop a more aggressive Britain led by a Boris Johnson or a Jacob Rees-Mogg from flouting such standards while still being able to export British products into the single market. “If the EU wants to have a level playing field, it must not just set up the goals but also assign a referee,” said the author of the report, EU law expert Dr René Repasi. “At the moment it has even given the UK licence to assign its own players with officiating the match.”

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On 5G, individual countries make the decisions.

Juncker Refuses To Reject Huawei ‘Just Because It’s Chinese’ (RT)

European Commission President Jean-Claude Juncker says he won’t bar Chinese firms like Huawei from doing business with Europe, as long as they respect market rules, despite continued US pressure to ban the company. “We are not rejecting someone because he is coming from faraway, because he is Chinese, the rules have to be respected,” Juncker said at a press conference with Japanese PM Shinzo Abe on Thursday. Asked about his response to the US call to “eliminate” Chinese telecoms equipment from Europe’s 5G buildout, Juncker was defiant. “The European Union and our internal market are open markets and all those respecting our rules governing this internal market are welcome,” he said.


Last month, Europe’s Parliament passed a resolution “expressing their deep concern” about alleged Chinese cybersecurity threats, but a subsequent statement from the European Commission regarding 5G cybersecurity did not include such language, instead merely urging member states to develop a “toolbox of mitigating measures” to combat cybersecurity risks to their growing 5G infrastructure. The US has leaned heavily on allies to keep Huawei and other Chinese telecoms out of their countries, claiming the company could act as a spy for the Chinese government. Washington has even threatened to withhold intelligence from Germany over their refusal to ban the Chinese firm, pressure China’s foreign minister has called “abnormal” and “immoral.”

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May invites Huawei. Will she stand up to Trump in other areas too?

Huawei Leak Highlights Collapse Of Discipline In May’s Cabinet (G.)

Leaks from deep within Theresa May’s bitterly divided administration have become widespread and common: as one despairing official remarked recently, “this government is a sieve”. But the revelation of the highly sensitive news that ministers have decided to set aside cybersecurity concerns and involve the Chinese firm Huawei in the creation of Britain’s 5G network is regarded by many as a leak too far. The decision was taken at the national security council, on which ministers sit alongside officials and members of the security services. The secrecy of its discussions has never before been breached. A full-scale inquiry is now expected to be launched, but a slew of other briefings and counter-briefings from private meetings in recent weeks and months has not just gone unpunished but become almost unremarkable.


There are several, allied reasons for this pervasive culture of briefing and counter-briefing, which means multiple competing accounts of cabinet meetings are available shortly after ministers walk out of Downing Street. One is simply the ready availability of instant electronic communication – a string of WhatsApp messages is a lot quicker and more straightforward than the old-fashioned gossip over lunch or in a Westminster bar (though that still happens too, of course). Another is the historic significance of the issues at stake and the lack of trust on both sides of the Brexit debate, which means all the key players want to ensure their point is heard even if they lost the argument in the room.

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The Fed will make up the difference. Can’t have stocks going down.

European Equities May Benefit As $1 Trillion In US Buybacks Vanish (ZH)

European equities may start to finally see some love, as they are now positioned to take advantage of one significant coming tailwind from the U.S., according to Bloomberg. Over the next 12 months, US stocks are going to lose a significant amount of support that they have received from buybacks, as the nearly $1 trillion buyback bonanza that has fueled stock purchases in the United States starts to come to an end, according to Sanford C. Bernstein strategists. This could be an area where European stocks, due to their low dependence on buybacks, could see help as a result. Bernstein strategists led by Inigo Fraser-Jenkins said: “This would remove one advantage of U.S. equities over Europe. As the buyback support is reduced it will make a stronger relative case for Europe.”


And the decision of the U.S. central bank to hold off on rate increases may have temporarily reduced concerns about debt hurting equities, but the topic is still on the table and credit spreads are expected to keep widening over the next year. Furthermore, the significance of share repurchases to the US rally has been pronounced, with $1 trillion in buybacks in just 2018 alone, far overshadowing the $100 billion in net inflows from active and passive funds. And even though European equities have rallied to the tune of more than $1.5 trillion since December’s lows, shorting these stocks remains a popular trade globally, according to Bank of America Corp.’s latest fund manager survey. And many traders are still on the sidelines, as Europe’s ugly politics and mixed economic data continues to weigh on sentiment.

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To find this out, we must travel back in time.

Universe Expands Faster Than Expected – NASA

The universe is expanding considerably faster than it should be, Nasa has confirmed. The space agency’s Hubble Space Telescope shows that it is growing about 9 per cent faster than had been expected, based on the trajectory it started with shortly after the Big Bang, according to astronomers. While such a discrepancy had already been suggested, the new measurements reduce the chance this is a mistake to just one in 100,000. Such a confirmation could require astronomers to find new physics theories to explain the universe‘s strange behaviour. “This mismatch has been growing and has now reached a point that is really impossible to dismiss as a fluke.

This is not what we expected,” says Adam Riess, Bloomberg Distinguished Professor of physics and astronomy at Johns Hopkins University, Nobel laureate and the project’s leader. The speed of the universe’s expansion, known as the Hubble constant, is a central part of physics and our understanding of the universe. But it has repeatedly been observed to behave unexpectedly – the more astronomers find out about it, the more wrong it appears – in ways that have forced scientists to wonder whether our assumptions about it had been wrong. The new study confirms that speculation, and requires further work to explain how exactly the universe is growing.

The research saw Professor Riess and his team analyse light from 70 stars in a galaxy near ours, known as the Large Magellanic Cloud, using a new method that allowed them to capture the stars quickly. The stars they observed are called Cepheid variables, and change brightness predictably, allowing them to be used to measure intergalactic distances. The new method allowed the researchers to measure many more of those stars far more quickly. Normally, Hubble can only look at one star each time it takes one of its 90-minute orbits around Earth, but the new method allowed it to see dozens in that same time.

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