Oct 022020
 


Fred Stein Brute man 1946

 

President Trump Says He And First Lady Have COVID19 (JTN)
What Happens If President Trump Contracts COVID19 (Hudak)
Trump Job Approval Rises To Highest Since May, Majority Expect Him To Win (HA)
Navalny ‘Is Working With CIA’: Kremlin (RT)
Comey’s Casual Testimony Confirms the Worst About His Tenure (Turley)
Since 1976, WaPo Has Panicked At Thought Of The GOP Winning White House (DC)
It Is Time To Dismiss The Flynn Case (Turely)
FAA Chief Test Flies 737 MAX; Says More Fixes Needed (CNN)
How Does International Capital Flow? (BIS)
Small Firm Bust Accelerates As Bankruptcies Soar In September (ZH)
Shooting Unarmed Civilians In Iraq Would Still Be A Secret But For Assange (ES)
We Must Avoid Being Diverted Towards Terminal Cynicism (Cook)
The America I Loved Has Gone Forever (Feierstein)

 

 

Melania

 

 

 

 

Let’s see how gracious the reactions are.

President Trump Says He And First Lady Have COVID19 (JTN)

President Trump said early Friday morning that he and first lady Melania Trump have tested positive for COVID-19. The announcement that Trump, 74, and his wife have the virus and will quarantine comes in the homestretch of the presidential race, throwing uncertainty into Trump’s reelection effort against Democratic challenger Joe Biden with just 33 days remaining before the Nov. 3 election. It also followed news reports late Thursday that White House adviser Hope Hicks had tested positive – immediately raising concerns about whether the president had been exposed. Trump made the announcement on Twitter at 12:54 a.m. ET.

“Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately,” he posted. “We will get through this TOGETHER!” The White House just after midnight Friday issued a revised scheduled in which Trump’s planned trip to Florida later in the day was no longer on the agenda. However, the full impact of Trump testing positive and having to quarantine during his reelection effort remains unclear. The president’s physician, Dr. Sean Conley, issued an official statement late Thursday, saying the president and his wife had tested positive for the SARS-CoV- 2 virus and were “both well at this time.”

He also said he expected the president to “continue carrying out his duties without disruption while recovering.” Trump on Thursday evening before reports about Hick and him testing positive did a live phone interview on Fox News’ “Hannity” show in which he gave no indication of being sick. Despite have the best medical care possible, the president having the virus is a serious health issue considering that eight out of every 10 virus-related deaths in the U.S. are among those 65 and older.

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From July 2020. There are entire sets of protocols set into motion. Things will be pretty calm as long as Trump is not hospitalized.

What Happens If President Trump Contracts COVID19 (Hudak)

A positive COVID-19 test for the president, in itself, is not a cause for emergency action. Millions of people around the world have contracted the disease and have been asymptomatic or mildly symptomatic. The president would likely be able to continue his everyday activities and manage the office either undisturbed or with mild challenges. A presidential diagnosis would create some challenges for those around him. The need for 24-hour Secret Service protection could put agents at risk for contracting it. But given modern technology, the president could quarantine and have remote or sufficiently distanced contact from most, if not all, aides, including the individual(s) who would be involved in the presidential daily brief.

There would need to be other precautions taken, even if the president were to be asymptomatic. First, those in the line of succession would need to be protected. It would be important to keep Vice President Pence, Speaker Pelosi, Senator Grassley (President Pro Tempore), and members of the cabinet isolated from the president. It would be especially important to ensure that the vice president have limited contact with individuals generally to reduce his chances of contracting the virus as well. Second, it would be important for the president to continue to communicate with the American public, especially if he is mildly symptomatic or asymptomatic. Seeing the president on camera can restore faith in his wellness, calm nervous Americans, stabilize stock markets (that would surely see a dip in the event of a positive test), and project to the world that the president remains well enough to execute the office.

We’ve experienced something like this before. In 1919, President Woodrow Wilson suffered a serious stroke, and his wife kept even his closest advisers from seeing the president, likely out of fear that they would find him incapacitated and thus throwing the nation into a serious leadership crisis. Such a scenario (hiding the president’s condition) would not be possible today, but an extended absence of a president—especially during a pandemic—would raise serious questions and become a destabilizing force in politics, the economy, and the public.

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“..this question — whom do you think is *likely* to win? — has correctly predicted the popular-vote winner in every election back to 1996.”

Trump Job Approval Rises To Highest Since May, Majority Expect Him To Win (HA)

His approval rating today: 46 percent. Barack Obama’s approval rating eight years ago today: 47 percent. Trump’s not licked yet. There are two differences between them, though. One is that Trump’s disapproval rating stands at 52 percent. Obama’s was 46 percent. Flipping someone who’s undecided into your column is a lot easier than flipping someone who disapproves of you, which is the task facing Trump with that crucial three or four percent that he still needs. The other difference is that O’s job approval soon rose above 50 and he ended up spending nearly all of that month at or above 49 percent. Trump has touched 49 just a few times since 2017 in Gallup’s polling, typically landing between 41-46 percent. He’s never reached 50. And on every major issue with the notable exception of the economy, disapproval of him is north of 50.

A look at the RCP average shows that Gallup’s numbers are no fluke, which seems incongruous. The state and national polling against Biden has been grim this week for Trump and yet his approval rating remains a decent 45.5 percent. How can his chances of winning the election be slipping if his job approval isn’t? Part of the answer lies in the last paragraph: Pretty much everyone who’s not pro-Trump is anti-Trump, not undecided, and the latter group is bigger than the former. But there’s also a fascinating discrepancy between his job approval and his head-to-head polling against Biden that’s shown up in a number of surveys. Namely, there’s some small but meaningful number of voters who say they approve of his performance — but are voting for the Democrat anyway. Compare the last six months of Trump’s job approval, where he enjoyed a rating of 45-46 both before and after this year’s summer swoon…

Here’s another interesting number from the same Gallup poll that’s out today:

You can read that various ways. Maybe it’s nothing more than the residue of Trump’s shocking 2016 win at work. The polls predicted Hillary would win last time, Hillary didn’t win, so there’s no reason to trust the polls this time. Another way to read it is as a sign of a secret preference for Trump. If you’re all-in on the “shy Trump voter” theory of why his polling is poor against Biden, here’s your evidence that some independents and maybe even some Democrats are secretly planning to vote for him. They won’t tell a pollster straight out that they prefer him to Biden, but ask them who they think will win and their hidden preference creeps into that answer. It should be noted that this question — whom do you think is *likely* to win? — has correctly predicted the popular-vote winner in every election back to 1996. In 2000 and 2016, more Americans thought Gore and Clinton would win, and they did indeed get the most votes that fall. The wrinkle, though, is that the streak is all but certain to end next month: While Trump stands a fair chance of winning the electoral college, no one apart from the most diehard members of the MAGA base expects him to win the popular vote. Even his campaign doesn’t pretend that he has a serious shot at it …

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The western media attention has to come from somewhere.

Navalny ‘Is Working With CIA’: Kremlin (RT)

Western intelligence agencies – in particular, agents from the American CIA – are working with Russian opposition figure Alexey Navalny, Vladimir Putin’s spokesman alleged on Thursday. “Probably, it is not the patient [Navalny] who works for the Western special services, but that the Western intelligence services who work with him – this would be more correct [to say],” Dmitry Peskov explained. “I can even be specific: these days, specialists from the Central Intelligence Agency (CIA) of the United States of America are working with him.” “This isn’t the first time he’s been given different instructions,” the spokesman continued. “The instructions given to the patient are obvious. We have seen such patterns of behavior on more than one occasion.”

The bombshell allegation comes just hours after Navalny claimed Putin was behind his alleged poisoning in August. He told Germany’s Der Spiegel magazine that he had “no other explanation for what happened.” Peskov took umbrage at the activist’s comments alleging Putin’s involvement in the incident, dismissing them as “baseless” and “insulting.” He told reporters “we believe that such accusations against the Russian president are absolutely unfounded and unacceptable.” German officials alleged, last month, that Navalny had been targeted with a nerve agent from the ‘Novichok’ family. “We want to investigate the case of the Berlin patient [Navalny] and establish the cause of what happened,” Peskov explained, expressing doubt about the veracity of the German analysis. “For this, we need to get information from those who found traces of poisoning.”

The Kremlin has previously complained that Berlin has been uncooperative in providing evidence that the Moscow protest leader had indeed been attacked with Novichok. Peskov also commented on Navalny’s intention to return to Russia, as expressed to Der Spiegel, observing that he saw no heroism in his declaration. “Any citizen of Russia can return to his homeland at any time,” the spokesman outlined. “Treatment can take place in our country, in fact, almost all people avail of this. Lives are saved in our country, and the life of this patient was also saved in Russia.” This refers to when Navalny had initially been hospitalized in Siberia

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Casual?! Interesting choice of words.

Comey’s Casual Testimony Confirms the Worst About His Tenure (Turley)

In his long-awaited testimony before the Senate Judiciary Committee, former FBI Director James Comey’s testimony proved as casual as his appearance in an open shirt from his home office. Comey was hammered with embarrassing findings of errors under his watch in the handling of the Russian investigation, including the reliance on information that FBI agents warned might be Russian disinformation supplied by a Russian agent. After years of investigation, the FBI was unable to show that a single Trump official conspired or colluded with the Russians. Instead, investigations found extensive errors, irregular and criminal conduct, and statements of intense bias by key FBI figures. Yet, Comey proceeded to give what amounted to a series of shrugs in either denying any recollection of such information or deflecting responsibility to others.

Comey was asked about an intelligence report suggesting that Hillary Clinton personally approved an effort “to stir up a scandal against U.S. Presidential candidate Donald Trump by tying him to Putin and the Russians’ hacking of the Democratic National Committee.” The report was reportedly sufficiently serious to be included in a briefing of President Barack Obama. However, when asked about his knowledge, Comey again shrugged and said it “didn’t ring a bell.” That’s it. The fact is that the allegation against Clinton (like the one against Trump that launched the Russian investigation) was unverified and could be legitimately questioned. There is a fair question on why the FBI went all in on one allegation and not the other. When asked “did you have a duty to look at any allegations regarding Clinton in Russia?” Comey simply replied “I don’t know what you mean.”

Yet, the more interesting question is what exactly does “ring the bell” of James Comey. Recent disclosures have added to the very serious allegations of misconduct in the handling of the Russian investigation. Highly critical reports by the Inspector General and the secret FISA court detailed critical omissions and outright false information used as the basis for the investigation. This includes conduct leading to the firing of the top FBI officials and agents involved in the investigation and a recent criminal plea by the key FBI agent in charge of the FISA applications. Comey however seemed locked in some Kübler-Ross loop, stuck between denial and transference.

[..] Comey also made a series of false statements. He repeated, for example, the long-standing denial that there was any surveillance of the Trump campaign. New information shows that the FBI used a briefing in August 2016 of then candidate Trump to gather information for “Crossfire Hurricane,” the Russia investigation. While Comey is still denying this fact, other Democrats have already moved on from the denial of any surveillance of the campaign. After the disclosure, Rep. Eric Swalwell declared that “they were right to do it.”

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The party’s paper.

Since 1976, WaPo Has Panicked At Thought Of The GOP Winning White House (DC)

On September 28, The Washington Post officially endorsed Joe Biden for president. That may not come as a shock to anyone with a passing knowledge of the liberal newspaper, but the Post paints this year as unique and different. The unsigned editorial calls Trump the “worst president of modern times” and warns readers that “democracy is at stake.” An anyone-but-Trump anti-endorsement on August 21 lectured that “a second Trump term might injure the democratic experiment beyond recovery.” Get it? You must vote for Biden because democracy itself is in danger. However, for the Washington Post, this year’s endorsement is exactly like every other. I tracked down and reviewed every Washington Post presidential endorsement since the paper began regularly picking candidates in 1976.

Here’s the box score: 11 endorsements of Democratic presidential candidates. 0 endorsements of Republican presidential candidates. 1 non-endorsement (in 1988). The Democrats have exciting, “supple” (Barack Obama in 2008) candidates who inspire hope. In contrast, Republicans are reckless (John McCain in 2008) and bad on race (George H.W. Bush in 1992), to name a few of the paper’s concerns. While some Post endorsements were more enthusiastic than others, the conclusion is always the same: America MUST elect a Democrat president. Sometimes, the Post will tell its readers not to be cynical. This isn’t a choice between the lesser of two evils, they say.

The paper’s 2020 endorsement of Biden cheers: “Fortunately, to oust President Trump in 2020, voters do not have to lower their standards. The Democratic nominee, former vice president Joe Biden, is exceptionally well-qualified, by character and experience, to meet the daunting challenges that the nation will face over the coming four years.” If that sounds familiar, it should. Turns out, Democrats had a great candidate in Hillary Clinton in 2016: “In the gloom and ugliness of this political season, one encouraging truth is often overlooked: There is a well-qualified, well-prepared candidate on the ballot. Hillary Clinton has the potential to be an excellent president of the United States, and we endorse her without hesitation.”

That language echoed through the decades. In 1984, the Post tried to dissuade Americans from reelecting Ronald Reagan, “enthusiastically and without apology” endorsing Walter Mondale: “He is a decent man and a diligent, hard-working one who has been a good Democratic leader…. We say this is a serious, steady, bright, decent, qualified man who wants to be president and who should be.” 49 out of 50 states rejected the paper’s advice, reelecting Reagan in a landslide.

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“I cannot assure you that if you proceed today, you will not receive a sentence of incarceration. I am not hiding my disgust and my disdain.”

It Is Time To Dismiss The Flynn Case (Turely)

When Michael Flynn heads to court for his final sentencing hearing today, a lifetime of respected national service will hang in the balance on what is said and done. I am not talking about Flynn but of Judge Emmet Sullivan. There is no issue over the dismissal of the charge of Flynn lying to federal investigators. The only issue is whether, just before an election, Sullivan will use the hearing as a forum for injudicious commentary. I have practiced law for years before Sullivan and praised him for his demeanor and record as a judge. He has served with distinction since 1994 in cases ranging from Guantanamo Bay detainees to the flawed prosecution of Ted Stevens to the emails of Hillary Clinton. Then came the case of Flynn, who was charged with a single count of lying to federal investigators.

Such a charge ordinarily would result in a short sentencing hearing. Flynn fought the charge but, after exhausting his assets and facing threats by prosecutors to target his son, he agreed to plead to one count. Even the uncooperative witness like Alex Van Der Zwaan received only 30 days in prison on a similar charge related to the investigation by former special counsel Robert Mueller. Yet this is the third attempt at sentencing for Flynn, as what should have been the simple hearing two years ago was derailed by Sullivan himself. Both Flynn and the prosecutors believed they would have a perfunctory hearing and a likely sentence without jail time. After all, this was just one count, and Flynn pleaded guilty, then met with Mueller about 20 times as a cooperative witness. Furthermore, we know federal investigators at the time did not believe Flynn intentionally lied to them. Yet when Flynn went to court, he was given a scolding rather than a sentence.

Using the flag in court as a prop, Sullivan falsely accused Flynn of being an “unregistered agent of a foreign country while serving as the national security adviser” who sold his country out. Sullivan even suggested Flynn should have been charged with treason, then suggested he might ignore any recommendations and send Flynn to jail when he declared, “I cannot assure you that if you proceed today, you will not receive a sentence of incarceration. I am not hiding my disgust and my disdain.” Sullivan apologized for some of his comments, but the hearing led to a critical delay. During that time, new evidence emerged that cast further doubt on the investigation of Flynn, including the material showing that FBI agents wanted to close the case in 2016 due to lack of evidence. The investigation was kept open at the insistence of fired FBI special agent Peter Strzok, who showed intense animus for President Trump.

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Translation: the FAA always gave in to anything Boeing said. But now it’s their own reputations on the line.

FAA Chief Test Flies 737 MAX; Says More Fixes Needed (CNN)

Federal Aviation Administration chief Steve Dickson says he has some suggestions for new changes to the Boeing 737 MAX after piloting the grounded jetliner Wednesday. “I like what I saw on the flight,” said Dickson, a former airline pilot who flew earlier versions of the 737. “That doesn’t mean I don’t have some debrief items going forward,” said Dickson after his two-hour flight from Seattle’s Boeing Field. Dickson said he’d like to see tweaks “not so much in the procedures, but in the narrative that describes the procedures.” Federal regulators are still evaluating Boeing’s proposed safety changes to the embattled design after a pair of fatal crashes abroad killed 346 people, grounding the plane worldwide in March 2019.


Dickson stressed his unorthodox flight was not part of the official FAA recertification process — which Dickson said is in the home stretch. The 18-month grounding has cost Boeing at least $18 billion. And it has missed a series of target dates for getting approval for the plane to again carry passengers. Before the Covid-19 pandemic it had been expecting approval for the plane by the middle of this year. But the pandemic, and the resulting plunge in air travel worldwide, has led virtually all airlines to park a large percentage of their planes, reducing the need for Boeing (BA) to win the approval for the plane to fly sooner than later.

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“Modelling #GrossCapitalFlows sheds new light on classic debates, including that #CurrentAccounts are poor vulnerability indicators and that global imbalances are likely driven by a credit glut rather than a #SavingsGlut”

How Does International Capital Flow? (BIS)

Understanding gross capital flows is increasingly viewed as crucial for both macroeconomic and financial stability policies, but theory is lagging behind many key policy debates. We fill this gap by developing a two-country DSGE model that tracks domestic and cross-border gross positions between banks and households, with explicit settlement of all transactions through banks. We formalise the conceptual distinction between cross-border saving and financing, which often move in opposite directions in response to shocks. This matters for at least four policy debates.


First, current accounts are poor indicators of financial vulnerability, because in a crisis, creditors stop financing debt rather than current accounts, and because following a crisis, current accounts are not the primary channel through which balance sheets adjust. Second, we reinterpret the global saving glut hypothesis by arguing that US households do not finance current account deficits with foreigners’ physical saving, but with digital purchasing power, created by banks that are more likely to be domestic than foreign. Third, Triffin’s current account dilemma is not in fact a dilemma, because the creation of additional US dollars requires dollar credit creation by US and non-US banks rather than US current account deficits. Finally, we demonstrate that the observed high correlation of gross capital inflows and outflows is overwhelmingly an automatic consequence of double entry bookkeeping, rather than the result of two separate sets of economic decisions.

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The damage is real.

Small Firm Bust Accelerates As Bankruptcies Soar In September (ZH)

Policies promoted by the White House and the Federal Reserve to support small firms have been widely insufficient as bankruptcy filings are back to levels not seen since the dark days of the virus pandemic, according to Bloomberg, citing a new report via bankruptcy court data firm Epiq AACER. At least 620 companies filed for Chapter 11 protection in the first 25 days of September, a 48% increase over the same period last year. Bankruptcy filings in June and July saw 609 and 644, respectively. Chris Kruse, senior vice president at Epiq, said, “we’re seeing a continued strong flow of Chapter 11 filings in September, consistent with what we saw in June and July,” adding that “they range from businesses with small footprints to high street retailers.”

Fed Chairman Jerome Powell has admitted the Fed’s lending program for smaller businesses has been challenging. “Trying to underwrite the credit of hundreds of thousands of very small businesses would be very difficult,” Powell said. As a result, most of the Fed’s liquidity flowed to mega-corporations while smaller ones were shut out, leaving them widely exposed to bankruptcy as a fiscal cliff, which started on July 31, has ravaged small firms and households for the last two months. With Republicans and Democrats still far apart on agreeing on the next round of economic stimulus, downward pressure on small firms and households will continue. The failure to pass the next stimulus bill, in a timely fashion, could result in a double-dip recession.


Deirdre O’Connor, managing director of corporate restructuring at Epiq, said, “we will continue to see filings for companies that had been the most disrupted by Covid and are operating in a zero revenue environment.” Data compiled by Bloomberg shows 193 bankruptcy filings year-to-date of companies with more than $50 million in liabilities were recorded for the first nine months of the year. If filings continue to accelerate into fall/winter, then this year could rival the 271 high, recorded in 2009. For more color on small firm health nationwide via high-frequency data, we turn to Opportunity Insights’ Economic Tracker of the percentage change in the number of small businesses open as of Sept. 13, suggesting nothing but disaster for mom and pop shops ahead of the fourth quarter.

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Judge in Julian #Assange case says she will give her judgment on 4 January 2021.

Shooting Unarmed Civilians In Iraq Would Still Be A Secret But For Assange (ES)

The shooting of unarmed civilians and journalists by US soldiers during the Iraq war would have remained a secret but for the work of Julian Assange, the Old Bailey heard today. Wikileaks published a classified video in 2010 which showed a US Apache helicopter firing on a group of people in Baghdad, as soldiers could be heard laughing and making derogatory remarks about the victims. Two Reuters journalists were among the dead, and the helicopter also fired on a vehicle which arrived at the scene to try to help the wounded victims. The US government refused to release the video – dubbed “collateral murder” – under Freedom of Information laws after its existence became known, and Wikileaks published it in a mass release of leaked cables and military documents relating to the Iraq and Afghan wars in 2010.

In a statement to Assange’s extradition hearing at the Old Bailey, Patrick Cockburn, the Independent’s Middle East correspondent and a veteran war reporter, said he had reported on the July 2007 incident but could not confirm that the victims were actually unarmed civilians. “I published a piece in The Independent about the killing of eleven people by a US helicopter in Baghdad two days earlier. The dead included two Iraqi journalists working for Reuters news agency but the US military claimed that their forces had come under fire, called for air support, and had killed two civilians and nine insurgents. “Police at a nearby Iraqi police station contradicted this, saying that the eleven had died during ‘a random American bombardment’.

A named Iraqi eyewitness confirmed what the police said, and also described how the US helicopter had fired on an Iraqi vehicle that had come to help the wounded. “The evidence was compelling, but in the face of official denials of wrongdoing by the US military authorities it was impossible to prove that all those who died were unarmed civilians. “It was known that a film of the killing had been taken by the gun camera of the US Apache helicopter, but the Pentagon refused to give this up even under a Freedom of Information Act request.” He said the release of the video and other information, passed from US whistleblower Chelsea Manning to Assange and Wikileaks, showed “the way the US was conducting its war on terror”. “But for that, the suspicions of journalists and the local police in Baghdad could never have been established”, he said.

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Jonathan Cook reacts to the OffGuardian, who say he should write differently.

We Must Avoid Being Diverted Towards Terminal Cynicism (Cook)

1. Let me start with a brief comment about Covid-19. I have nothing unique, informed or interesting to say about the virus I haven’t already said in earlier pieces on my blog. I don’t write the same thing over and over – at least not intentionally. Were I to write at the moment about the pandemic, all I would add are statements that I think are relatively obvious and have already been made in the “mainstream” media: • that most western governments have proved deeply incompetent or corrupt in handling the virus; • that, even during a pandemic, there must be a balance between public health needs and our need for a tangible sense of community, and daily I entertain doubts about where that balance should properly lie; • and that governments in trouble will try to exploit the pandemic as best they can to impose more repressive measures on their publics, exactly as is happening right now where I live, in Israel.

Attacks on our freedoms need to be identified and addressed as they occur. I don’t see a global conspiracy to lock us all into our homes. Those who do see such a conspiracy should be writing pieces to convince me and others that they are right, not whingeing that I have not written the piece for them.

2. The incompetence and corruption of our governments in handling Covid-19 are not specific to the virus. They are the symptoms of defective political systems that were long ago captured by corporate interests. Western, technocratic governments have no real solutions for the pandemic in exactly the same way that they have no real solutions for the collapse of eco-systems or for making our economic systems, based on endless growth on a finite planet, sustainable. The reason these challenges defeat them is because they have no values apart from ever greater concentration of wealth.

3. Even were I or others to narrowly focus on Covid-19, there are far more pressing things to talk about than the threat of masks and lockdowns. Such as how we have increased our exposure to new viruses like Covid through rampant colonisation and exploitation of the planet’s final wildernesses, depriving other species of their natural habitats. Such as how economic incentives in food production ensure we are deprived of proper nutrition and encouraged to stuff ourselves with empty calories, provoking an epidemic of obesity and chronic illness, that has weakened our natural defences to disease, especially a new one like Covid-19. I am less worried about lockdowns than I am about western lifestyles that make lockdowns our only way to prevent higher mortality rates.

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Planet Ponzi doesn’t like what he sees.

The America I Loved Has Gone Forever (Feierstein)

Since Donald Trump was elected president of the United States in 2016, US politics have not only become highly toxic, they have also become radioactive. The swamp’s resist-everything Democratic Party, enabled by FBI bias and animus that was spun like a spider’s web by the feckless fake news media and echoed by Hollywood’s hypocritical perverts, made numerous attempts to stage a coup d’etat (carefully read the declassified letter below) of the democratically elected president. The CIA referred an investigation to the FBI that the Hillary Clinton campaign was colluding with Russia to impact the 2016 presidential election. The FBI lied to the FISA judges to spy on the Trump campaign, and no one was ever prosecuted.

Why have FISA judges Collyer, Mosman, Conway and Dearie, who signed off on those warrants, and were lied to by the FBI to illegally obtain those same warrants to spy on a political opposition party during a presidential election, done nothing? Why have these Judges remained silent? Is the entire system a stitch-up? Now, the narrative has shifted at warp speed. It’s no longer about Russian collusion. The new narratives that matter are virtue signalling, identity politics, critical race theory, record hypocrisy and a dual justice system where murder,looting and arson are justified because those on the right are all Nazis and the radicalized left’s enforcers, ANTIFAand BLM thugs, are only “peaceful protestors.”

And nothing will interfere with this narrative. For example, the BLM mob influenced the prosecutors by getting them to charge BLM supporter Larynzo Johnson with “wanton endangerment” when he ran up to two police officers and shot them while rioting. Why was this blatant assassination rampage not prosecuted as attempted murder? Is the BLM mob now dictating charging decisions? Johnson’s attempted murder of police officers has quickly disappeared as it interferes with the media mob’s narrative. The media have drummed these themes into the heads of the public and driven a wedge between family members, close friends and co-workers that has polarized America to the brink of civil war.

Life has become so bad in the USA that many of my several decades-old friendships recently ended when they became unable to respect any individual opinion that differed from their own. That has happened to me. Friends for decades have been consumed by Trump Derangement Syndrome and are cancelling me. For societies to evolve and flourish, we all need to accept other people’s viewpoints and continue open-minded, civil and respectful dialogue. In science, scientists always question everything; why shouldn’t we question everything in life without personalizing and demonizing those you disagree with? It’s become impossible to have rational fact-based discussions with these inflexible ideological zealots.

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Mar 182019
 


Albert Gleizes The football players 1912-13

 

How Boeing, FAA Certified The Suspect 737 MAX Flight Control System (ST)
Boeing’s Doomed 737 Max’s (Margolis)
The EU Has Never Had More Power Over Britain (G.)
Dutch PM Compares Theresa May To Monty Python Limbless Knight (G.)
100,000 Children in UK ‘Could Become Undocumented’ Overnight After Brexit (G.)
‘Pupil Poverty’ Pressure On School Cash (BBC)
With Brexit Approaching UK’s Voice In Brussels Grows Quiet (G.)
Smartphone Shipments In China Collapse To Six Year Low (ZH)
Apartment Values Tipped To Plunge As Much As 50% In Some Sydney Areas (DM)
Ultra Low Wage Growth The Intended Outcome Of Government Policies (Quiggin)
Deutsche Bank And Commerzbank Go Public On Merger Talks (R.)
Saudi Crown Prince Allegedly Stripped Of Some Authority (G.)
Dead Whale Washed Up In Philippines Had 40kg Of Plastic Bags In Stomach (G.)

 

 

As I said on March 15: “If I were New Zealand’s government, and Australia’s, I’d say this is not the time for the countries’ white populations to speak. Let the Maori do the talking instead. It’s their land.”

 

 

Maybe not the kind of thing we should want to be swept under the carpet. But don’t underestimate Boeing’s political power. A series of tweets from a pilot and software engineer sheds a lot of light on what happened with the 737-MAX: one corner cut led automatically to the next one being cut. Until there were no more corners left. Dominoes. Zero Hedge has that series here.

Mike -Mish- Shedlock adds this: “If the above analysis by Trevor Sumner is correct, the planes were too complicated to fly because Boeing cut corners to save money, then did not even have the decency to deliver them with needed warning lights and operation instructions. There may be grounds for a criminal investigation here, not just civil. Regardless, Boeing’s decision to appeal to Trump to not ground the planes is morally reprehensible at best. Trump made the right call on this one, grounding the planes, albeit under international pressure. [..] By the way, if the timelines presented are correct, the FAA got in bed with Boeing, under Obama.”

How Boeing, FAA Certified The Suspect 737 MAX Flight Control System (ST)

As Boeing hustled in 2015 to catch up to Airbus and certify its new 737 MAX, Federal Aviation Administration (FAA) managers pushed the agency’s safety engineers to delegate safety assessments to Boeing itself, and to speedily approve the resulting analysis. But the original safety analysis that Boeing delivered to the FAA for a new flight control system on the MAX — a report used to certify the plane as safe to fly — had several crucial flaws. That flight control system, called MCAS (Maneuvering Characteristics Augmentation System), is now under scrutiny after two crashes of the jet in less than five months resulted in Wednesday’s FAA order to ground the plane.

Current and former engineers directly involved with the evaluations or familiar with the document shared details of Boeing’s “System Safety Analysis” of MCAS, which The Seattle Times confirmed. The safety analysis: • Understated the power of the new flight control system, which was designed to swivel the horizontal tail to push the nose of the plane down to avert a stall. When the planes later entered service, MCAS was capable of moving the tail more than four times farther than was stated in the initial safety analysis document. • Failed to account for how the system could reset itself each time a pilot responded, thereby missing the potential impact of the system repeatedly pushing the airplane’s nose downward. •Assessed a failure of the system as one level below “catastrophic.” But even that “hazardous” danger level should have precluded activation of the system based on input from a single sensor — and yet that’s how it was designed.

The people who spoke to The Seattle Times and shared details of the safety analysis all spoke on condition of anonymity to protect their jobs at the FAA and other aviation organizations. Both Boeing and the FAA were informed of the specifics of this story and were asked for responses 11 days ago, before the second crash of a 737 MAX last Sunday. Late Friday, the FAA said it followed its standard certification process on the MAX. Citing a busy week, a spokesman said the agency was “unable to delve into any detailed inquiries.” Boeing responded Saturday with a statement that “the FAA considered the final configuration and operating parameters of MCAS during MAX certification, and concluded that it met all certification and regulatory requirements.”

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Nice story, but he seeks to blame Trump instead of the FAA, and that doesn’t go anywhere.

Boeing’s Doomed 737 Max’s (Margolis)

I don’t like flying. I consider it unnatural, unhealthy and fraught with peril. But I do it all the time. For me, it’s either fly or take an ox cart. In fact, I’ve been flying since I was six years old – from New York to Paris on a lumbering Boeing Stratocruiser, a converted, double-decker WWII B-29 heavy bomber. I even had a sleeping berth. So much for progress. Lots can go wrong in the air. Modern aircraft have thousands of obscure parts. If any one of them malfunctions, the aircraft can be crippled or crash. Add pilot error, dangerous weather, air traffic control mistakes, mountains where they are not supposed to be, air to air collisions, sabotage and hijacking.

I vividly recall flying over the snow-capped Alps in the late 1940’s aboard an old Italian three-motor airliner with its port engine burning, and the Italian crew panicking and crossing themselves. Some years ago, I was on my way to Egypt when we were hijacked by a demented Ethiopian. A three day ordeal ensued that included a return flight to New York City from Germany, with the gunman threatening to crash the A-310 jumbo jet into Wall Street – a grim precursor of 9/11. My father, Henry Margolis, got off a British Comet airliner just before it blew up due to faulty windows.

Which brings me to the current Boeing crisis. After a brand new Boeing 737 Max crashed in Indonesia it seemed highly likely that there was a major problem in its new, invisible autopilot system, known as MCAS. All 737 Max’s flying around the world should have been grounded as a precaution. But America’s aviation authority, the Federal Aviation Administration (FAA), allowed the Max to keep flying. The FAA is half regulator and half aviation business promoter, a clear conflict of interest. The crash of a new Ethiopian 737 Max outside Addis Ababa under very similar circumstances to the Lion Air accident set off alarm bells around the globe.

Scores of airlines rightly grounded their new Max’s. But the US and Canada did not. The FAA continued to insist the aircraft was sound. The problem, it was hinted between the lines, was incompetent third world pilots. It now appears that America’s would-be emperor, Pilot-in–Chief Donald Trump, may have pressed the FAA to keep the 737 Max’s in the air. Canada, always shy when it comes to disagreeing with Washington, kept the 737 Max’s flying until there was a lot of evidence linking the Indonesia and Ethiopian crashes. Trump finally ordered the suspect aircraft grounded. But doing so was not his business. That’s the job of the FAA. But Trump, as usual, wanted to hog the limelight. By now, the 737 Max ban is just about universal.

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Mess. 11 days left.

The EU Has Never Had More Power Over Britain (G.)

It is easy to assign all the blame to Mrs May, the control freak who lost control. The charge list against her is certainly a lengthy one. She triggered article 50 before her government had an agreed strategy for withdrawal and her senior team then wasted months squabbling with itself rather than advancing the negotiations with the EU. Ignoring advice to the contrary and without advance discussion with her cabinet, she made a prison for herself by laying down red lines that made the negotiations more difficult and set her up for a string of ignominious subsequent reversals. When she threw away her majority at an election she didn’t have to call, she carried on as if nothing had changed rather than trying to reach out to other parties to forge a broad consensus about a way forward.

That made her the hostage of the Democratic Unionist party and the Brexit ultras on the right of her party. Mrs May has one quality that is of value in a political crisis. She has resilience. She lacks all the other ones, such as imagination, advocacy and agility. True, all true, and yet not the whole truth. Any account of this nightmare that holds Mrs May solely culpable is not a complete explanation for how we got here. In a dark corner of what remains of its political brain, the Tory party knows that it is collectively guilty of driving the country it professes to love into this shaming mess. With a few prescient exceptions, the Conservatives all backed David Cameron when he promised a referendum on the cynical basis that he might not have to deliver it and with the arrogant assumption that, if he did have to, he would easily win it.

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“She reminds me occasionally of that character from Monty Python where all the arms and legs are cut off but he then tells the opponent: ‘Let’s call it a draw.’

Dutch PM Compares Theresa May To Monty Python Limbless Knight (G.)

Theresa May is like the knight in Monty Python and the Holy Grail who loses his arms and legs in a duel and calls it a draw, the Dutch prime minister has said. Mark Rutte, who appeared visibly irritated last week at the failure of MPs to pass the Brexit deal, admitted feeling “angry” at the impasse in Westminster. He said his frustration was focused on the posturing of those seeking to make party political points during a major national crisis but praised May’s “incredible” resilience in the face of repeated knock-backs in the House of Commons. “Look, I have every respect for Theresa May,” Rutte said in an interview with the Dutch broadcaster WNL on Sunday.

“She reminds me occasionally of that character from Monty Python where all the arms and legs are cut off but he then tells the opponent: ‘Let’s call it a draw.’ She’s incredible. She goes on and on. At the same time, I do not blame her, but British politics.” The black knight sketch in the 1975 Monty Python film had John Cleese playing the role of the deluded swordsman who could not admit defeat, even as Graham Chapman’s King Arthur cut off all his limbs. Rutte said of the prime minister’s predicament: “You can see what happens when a country puts everything on the roulette wheel and takes a risk, and the whole thing collapses. That is what is happening. Economic, financial, politically, England is in a very bad position right now.”

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After 40 years of EU membership, the UK stands to plunge into chaos when 1000s of laws and regulations evaporate. Very predictable, but mostly ignored.

100,000 Children in UK ‘Could Become Undocumented’ Overnight After Brexit (G.)

Thousands of children of EU nationals risk becoming a new “Windrush generation”, a children’s legal charity has said. They are concerned that vulnerable children could become undocumented in the same way as the Caribbean children who came to the UK decades ago only to suffer at the hands of the Home Office’s hostile environment decades later. An estimated 900,000 EU national children are in the UK with about 285,000 born in the country. Coram Children’s Legal Centre fears that children in foster care, in care homes, and others from vulnerable families could slip through the net of the new Home Office registration scheme for EU nationals after Brexit.

The Home Office estimates that between 10% and 20% of all applicants will be vulnerable, unable to provide documentary evidence of their time in the UK. “If just 15% of the current population of EU national children fail to ‘regularise’ their status before the cut-off point, 100,000 children would be added to the UK’s undocumented child population overnight, nearly doubling it [the numbers of existing undocumented children],” said Kamena Dorling, group head of policy and public affairs at Coram. About 5,000 children of EU nationals are separated from their parents and are in care and Coram is calling on the government to force local authorities to identify them now in order to get their settled status before the cut-off point in 2020 or 2021.

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Dumb headline from BBC for a very real issue: schools care for poor pupils, and then see their funding cut.

‘Pupil Poverty’ Pressure On School Cash (BBC)

Schools in England are having to “pick up the pieces” for families in poverty, including giving food and clothes to children, head teachers warn. But, they say, that is unsustainable when schools are facing “funding cuts”. Heads will raise their concerns at the Association of School and College Leaders’ (ASCL) annual conference. Education Secretary Damian Hinds will tell the conference he is setting up an expert advisory group to help teachers with “the pressures of the job”. The advisory group, including the mental health charity Mind and teachers’ representatives, will look at ways to improve wellbeing among teachers and to tackle stress. [..]

Edward Conway, head of St Michael’s Catholic High School in Watford, says: “Pupil poverty has increased significantly over the past eight years, with us providing food, clothing, equipment and securing funds from charitable organisations to provide essential items such as beds and fridges.” The head teachers’ union has canvassed the views of school leaders, whose comments include: “When schools have to buy shoes for children to wear to school on a regular basis, we must have a problem.” Another head said: “In 24 years of education, I have not seen the extent of poverty like this. “Children are coming to school hungry, dirty and without the basics to set them up for life. “The gap between those that have and those that do not is rising and is stark.”

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Where Britain is: “sitting in the EU departure lounge.”

With Brexit Approaching UK’s Voice In Brussels Grows Quiet (G.)

For years a British foreign minister has shuttled once a month to Brussels or Luxembourg to meet their European counterparts. The crises of the world have crowded the agenda: from the Arab spring to the annexation of Crimea, coups, stolen elections and intractable wars. Monday, in theory, could be the last time the United Kingdom name plate is on the table. While a Brexit extension is a near-certainty, the official departure date is still 29 March. Uncertainty over exit day requires careful diplomacy. On Monday the British minister will have the chance to weigh in on the EU’s China strategy, ahead of a summit with Beijing on 9 April.

While British officials remain involved in discussions, the UK will hang back on strategic questions about how the EU should approach China. Nobody wants to be seen as lecturing European allies, while sitting in the EU departure lounge. A government spokesperson said: “The UK will continue to take a full part in discussions at the [Foreign Affairs Council], focusing on those issues that matter most to the UK and EU.” Other day-to-day EU business provides a jarring contrast with the government’s Brexit strategy: one of Theresa May’s last acts as an EU leader will be to sign a routine communique on strengthening the single market – the one she insists Britain must leave.

Meanwhile, the UK’s 73 MEPs do not know if they will be out of a job in a fortnight, or in three months. “It is really unsettling, but we are the least people to worry about,” said the Liberal Democrat MEP Catherine Bearder, speaking just outside the chamber in Strasbourg under the strident ring of a voting bell. The uncertainty facing MEPs is nothing, she adds, compared with the unknowns confronting business. “A politician’s life is always uncertain, you never know if you are going to come back for the next mandate.”

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Radiation.

Smartphone Shipments In China Collapse To Six Year Low (ZH)

Months after Apple stunned the market by announcing it would no longer be reporting quarterly iPhone unit sales, we have some insight as to the reason. February saw smartphone shipments in China collapse to their lowest levels in six years, indicating that the super-saturated industry has failed to turn around amidst a global economy that is grinding slower. Shipments to China came in at 14.5 million units for February, down 19.9% from last year, according to Reuters, who cited the China Academy of Information and Communications Technology. It’s the lowest total since February 2013.

February is traditionally a tough month for Chinese consumer purchases, as the Chinese spend a majority of the month celebrating the new year. However, this year’s drop was more concentrated than past years, as a result of both a slowing economy and the ongoing U.S./China trade war. When Apple recently cut sales forecasts this year, it blamed China for weighing on its results. To try and stimulate demand, the company paired with China-based Ant Financial to offer interest-free iPhone financing. Other retailers in China have tried similar promos to try and spur demand. This has some manufacturers, like Huawei, looking to corner the higher margin end of the market instead. Huawei saw its market share of China’s $500 to $800 device segment rise to 26.6% from 8.8% in 2018, according to data from Counterpoint Research. Apple, on the other hand, saw its share fall to 54.6% from 81.2%.

As an added bonus, we recently reported on Chinese smartphones also emitting the most radiation of any smartphones worldwide. The current smartphone creating the highest level of radiation is the Mi A1 from Chinese vendor Xiaomi. Another Chinese phone is in second place – the OnePlus 5T. In fact, the two companies are represented heavily in a list of “Phones Emitting the Most Radiation” that was recently released by Statista. 8 of the top 16 handsets being made by one of these two companies. Premium Apple phones, such as the iPhone 7 and the iPhone 8 are also here to be seen, as are the latest Pixel handsets from Google.

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But there’s no bubble.

Apartment Values Tipped To Plunge As Much As 50% In Some Sydney Areas (DM)

Apartment values in Australia’s big cities are set to plunge, with prices in one suburb to plummet as much as 50 per cent according to one industry observer, as Chinese buyers abandon off-the-plan residential tower projects. Ryde, in Sydney’s north, is Australia’s second-worst performing property market with dwelling values diving by 14.8 per cent during the past year, CoreLogic data showed. Digital Finance Analytics founder Martin North, an economist, feared apartment values there could be sliced in half during the next three years before stagnating for a decade. ‘We’ve got massive oversupply in those areas but you’ve just got no demand,’ he told Daily Mail Australia on Friday.

‘Some of the central high-rise apartments in the inner urban areas, like Ryde, 40 per cent now is certainly feasible. ‘In the worst case, you could see unit prices nearly halve.’ Starr Partners chief executive Doug Driscoll, who specialises in the Sydney real estate market, said Mr North’s forecasts were far fetched. He did, however, blame councils for approving too many developments. ‘We had an influx of foreign investment. We had an environment of record low interest rates, money was easily available – these things don’t last forever,’ he told Daily Mail Australia. ‘In some suburbs, in some pockets, we have seen an oversupply.’

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From Australia, but applicable worldwide.

Ultra Low Wage Growth The Intended Outcome Of Government Policies (Quiggin)

The long debate over the causes of wage stagnation took an unexpected turn last week, when Finance Minister Matthias Cormann described (downward) flexibility in the rate of wage growth as “a deliberate design feature of our economic architecture”. It was a position that was endorsed in a flurry of confusion 16 seconds after it had been rejected by Defence Industry Minister Linda Reynolds. Cormann had said policies aimed at pushing wages up could cause “massive spikes in unemployment”. The ease with which Reynolds was trapped into at first rejecting and then accepting what her ministerial colleague had said flowed from the fact that Cormann had broken one of the standing conventions of politics in Australia, and for that matter, the English-speaking world.

For more than forty years, both the architecture of labour market regulation and the discretionary choices of governments have been designed with the precise objective of holding wages down. These policies have been quite successful, as can be seen from the graph. However, at least until recently, there has been bipartisan agreement on at least one aspect of them – that no one should mention their role in holding back wages. Instead, the decline in the wage share of national income has been variously blamed on • technology • immigration • imports from China and, more recently, • the end of the mining boom. None of these explanations stand up to scrutiny.

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The lame and the blind. Reports should look at the size of Deutsche relative to the German economy, and the nerves that touches in Berlin.

Deutsche Bank And Commerzbank Go Public On Merger Talks (R.)

Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination. Germany’s two largest banks issued short statements following separate meetings of their management boards, a person with knowledge of the matter said, indicating a quickening of pace in the merger process, although both also warned that a deal was far from certain. “In light of arising opportunities, the management board of Deutsche Bank has decided to review strategic options,” Deutsche said in its statement.

Christian Sewing, Deutsche Bank’s chief executive, told employees that Deutsche still aimed “to remain a global bank with a strong capital markets business… with a global network.”A merged bank would likely be the third largest in Europe after HSBC and BNP Paribas, with roughly 1.8 trillion euros ($2.04 trillion) in assets, such as loans and investments, and a market value of about 25 billion euros. [..] However, skeptics questioned the wisdom of a merger. “We do not see a national champion here, but a shaky zombie bank that could lead to another billion-euro grave for the German state. Why should we take this risk?” said Gerhard Schick, finance activist and ex-member of the German parliament.

While the banks had not publicly commented on merger talks until Sunday, Finance Minister Olaf Scholz last Monday confirmed that there were negotiations. On Sunday, the ministry acknowledged the announcement and said it remained in regular contact with all parties. However, there were signs of political opposition. Hans Michelbach, a lawmaker from the Christian Social Union (CSU), the Bavarian sister party of Chancellor Angela Merkel’s Christian Democratic Union (CDU), urged the government to sell its 15 percent stake in Commerzbank before a deal. “There may not be an ownership by the federal government in a merged big bank indirectly through an old stake. We do not need a German State Bank AG,” he told Reuters.

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Hearsay report.

Saudi Crown Prince Allegedly Stripped Of Some Authority (G.)

The heir to the Saudi throne has not attended a series of high-profile ministerial and diplomatic meetings in Saudi Arabia over the last fortnight and is alleged to have been stripped of some of his financial and economic authority, the Guardian has been told. The move to restrict, if only temporarily, the responsibilities of Crown Prince Mohammed bin Salman is understood to have been revealed to a group of senior ministers earlier last week by his father, King Salman. The king is said to have asked Bin Salman to be at this cabinet meeting, but he failed to attend.

While the move has not been declared publicly, the Guardian has been told that one of the king’s trusted advisers, Musaed al-Aiban, who was educated at Harvard and recently named as national security adviser, will informally oversee investment decisions on the king’s behalf. The Saudi embassy in Washington has declined multiple requests for comment since the Guardian approached it on Tuesday. The relationship between the king and his son has been under scrutiny since the murder of Saudi journalist Jamal Khashoggi, which was alleged to have been ordered by Prince Mohammed and provoked international condemnation of the crown prince. This has been denied by the Saudi government.

Experts on the Middle East are divided over whether the murder, and concern over the kingdom’s role in the conflict in Yemen, have led to tension at the heart of the notoriously secretive royal court. But while most observers expect Prince Mohammed to accede to the thrown, there are some signs that the king is seeking to rein in his controversial son at a time when Saudi Arabia is under the spotlight. The Guardian has been told Prince Mohammed did not attend two of the most recent weekly meetings of cabinet ministers, which are headed by the king. The crown prince has also not attended other high-profile talks with visiting dignitaries, including one last week with the Russian foreign minister, Sergey Lavrov.

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And this is just what we see, what washes up on beaches. “16 rice sacks. 4 banana plantation style bags and multiple shopping bags” in the whale’s stomach..”

Dead Whale Washed Up In Philippines Had 40kg Of Plastic Bags In Stomach (G.)

A young whale that washed up in the Philippines died from “gastric shock” after ingesting 40kg of plastic bags. Marine biologists and volunteers from the D’Bone Collector Museum in Davao City, in the Philippine island of Mindanao, were shocked to discover the brutal cause of death for the young curvier beaked whale, which washed ashore on Saturday. In a damning statement on their Facebook page, the museum said they uncovered “40 kilos of plastic bags, including 16 rice sacks. 4 banana plantation style bags and multiple shopping bags” in the whale’s stomach after conducting an autopsy. Images from the autopsy showed endless piles of rubbish being extracted from the inside of the animal, which was said to have died from “gastric shock” after ingesting all the plastic.

[..] The use of single-use plastic is rampant in south-east Asia. A 2017 report by Ocean Conservancy stated that China, Indonesia, the Philippines, Thailand, and Vietnam have been dumping more plastic into the ocean than the rest of the world combined. Marine biologist Darrell Blatchley, who also owns the D’Bone Collector Museum, said that in the 10 years they have examined dead whales and dolphins, 57 of them were found to have died due to accumulated rubbish and plastic in their stomachs.

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