Jul 252020
 


Dorothea Lange for the Resettlement Admin. On highway No. 1 of the ‘OK’ state, Muskogee County, Oklahoma. Seven children and eldest son’s family 1938

 

CDC: 35% of Non-Hospitalized COVID19 Patients Have Long-Term Illness (NBC)
Fauci: I Would Not Get On A Plane Or Eat Inside A Restaurant (MW)
Hunger, Lack of Vaccine Could Trigger New Migration Wave – Red Cross Chief (RT)
Supreme Court Rejects Church Challenge To Nevada COVID Restrictions (Solomon)
Judge Refuses Oregon Restraining Order Against Federal Law Enforcement (OPB)
Wave Of Evictions Could Be Coming For Nation’s Renters (Hill)
FAA Orders Emergency Inspections Of 2,000 Boeing 737s Post-Lockdown (USAT)
A Second Round Of $1,200 Stimulus Checks Could Be Coming (CNBC)
Recovery Fund Will Take EU Another Step Towards Disintegration (Varoufakis)
Media Should Be ‘Pressuring’ Biden To ‘Answer Questions’ – Howard Kurtz (Fox)
As US Debt Rises, Biden’s Spending Proposals Near $10 Trillion (JTN)
Charlamagne Tha God Slams Biden For Calling Trump First Racist President (NYP) /span>
WaPo Settles $250 Million Lawsuit With Covington Teen Nick Sandmann (ZH)
Meet the Steele Dossier’s ‘Primary Subsource’ (RCI)

 

 

Whaddaya know? New daily new case records for both the US and the world. The first million took three months, the latest million 5 days.

This will have to turn around at some point, and just maybe that won’t happen by itself any time soon.

4th day in a row with over 1,000 deaths in the US: same recipe. Turn it around.

 

 

 

 

 

 

 

 

 

 

Ben Hunt: “There is zero bending of the Covid curve in India. Zero. Within a few months, the Covid crisis in India will dwarf anything happening in the rest of world.”

 

 

Stay away from COVID.

CDC: 35% of Non-Hospitalized COVID19 Patients Have Long-Term Illness (NBC)

The Centers for Disease Control and Prevention acknowledged Friday that a significant number of COVID-19 patients do not recover quickly, and instead experience ongoing symptoms, such as fatigue and cough. As many as a third of patients who were never sick enough to be hospitalized are not back to their usual health up to three weeks after their diagnosis, the report found. “COVID-19 can result in prolonged illness even among persons with milder outpatient illness, including young adults,” the report’s authors wrote. The acknowledgement is welcome news to patients who call themselves “long-haulers” — suffering from debilitating symptoms weeks and even months after their initial infection.

“This report is monumental for all of us who have been struggling with fear of the unknown, lack of recognition and many times, a lack of belief and proper care from medical professionals during our prolonged recovery from COVID-19,” Kate Porter, who is on day 129 of her recovery, wrote in an email to NBC News. Porter, 35, of Beverly, Massachusetts, has had low-grade fevers, fatigue, rapid heart beat, shortness of breath and memory and sleep issues since her diagnosis March 17. “This gives me hope that we will gain access to more resources throughout our recovery and hopefully, get our lives back to what they once were,” Porter wrote.

The CDC report is based on telephone surveys of 274 COVID-19 patients. Ninety-five of those patients, or 35 percent, said they “had not returned to their usual state of health” when they were surveyed, which was at least two to three weeks after their first test. Many with long-term symptoms are otherwise young and healthy: Among those surveyed between ages 18 and 34, about 20 percent experienced lasting symptoms.

Read more …

“..his position on face masks changed when the evidence showed asymptomatic transmission..”

Yeah, and that was way too late. With an unknown pathogen, you don’t first wait for evidence, you go back to zero and do at least the obvious; wearing a mask is exactly that. Plus, if you first say there’s no need, you already lost most of your credibility when you state afterward that there is.

Fauci didn’t know any more than anyone else what went on in the beginning. But still everyone called on him. Recipe for disaster, because he wasn’t going to admit he didn’t have a clue.

Fauci: I Would Not Get On A Plane Or Eat Inside A Restaurant (MW)

If the speed and duration of the coronavirus pandemic is getting you down, spare a thought for Fauci. Are we there yet? How far are we on this journey through the pandemic? Near the finish line? Halfway? Or are we back where we started? “It’s a moving target,” he said. “I certainly don’t think we’re near the end of this if you look at what’s going on in the United States, that’s for sure.” [..] Fauci is consistently rated as the country’s most trusted voice on coronavirus. His dealing with the fire and passion of Kramer may have helped to give Fauci a tough skin to deal with the slings and arrows in recent weeks, particularly from the White House.

Fauci maintains that his position on face masks changed when the evidence showed asymptomatic transmission. He is eager to point out that millennials and young adults need to wear masks and practice social distancing too. [..] I presume you are not hanging out in restaurants or bars. Is it really more dangerous to eat indoors at a restaurant than outdoors? Fauci: Yes, absolutely. Indoors is much worse than outdoors. If you’re going to go to a restaurant, try as best as you can to have outdoor seating that is properly spaced between the tables. MarketWatch: So you’re not going to restaurants? You wouldn’t risk it? Fauci: I am not going to restaurants right now.

[..] Do you have any estimate on how less likely people are to transmit coronavirus if they’re wearing a mask: 50%? 99%? Or…? Fauci: We don’t know exactly. There have been a number of meta analyses. One published in The Lancet on June 1, 2020 said masks and respirators reduced the risk of infection by anywhere from 78% to 85%. Your guess is as good as any: 50% to 75% or 80% is probably correct.

Read more …

Open borders?!

Hunger, Lack of Vaccine Could Trigger New Migration Wave – Red Cross Chief (RT)

Once borders are unsealed, a massive amount of people will set out for the wealthiest nations, fleeing Covid-related poverty, the Red Cross chief said. Migrants will also be driven by the search for a working vaccine.
Jagan Chapagain, the head of the International Federation of Red Cross and Red Crescent Societies (IFRC), made the grim prediction in a candid comment to AFP this Thursday. Lockdowns and border closures enforced in most parts of the world are already driving people beyond the edge of poverty. Desperation forces them to choose between exposure to Covid-19 and the risk of going hungry, Chapagain explained.

What we hear is that many people who are losing livelihoods, once the borders start opening, will feel compelled to move. It should not be a surprise if “a massive impact on migration” occurs in the years or even months to come. However, the potential migration crisis could be averted or eased if these grievances are tackled before migrants leave their home countries, the IFRC chief said, offering one bold economic argument to back up his point. “The cost of supporting the migrants, during the transit and of course when they reach the country of destination, is much more than supporting people in their livelihoods, education, health needs in their own country,” he said. European leaders made similar arguments in the wake of the major migrant influx that hit the continent in 2015 and 2016.

Germany, the prime destination for asylum seekers, pledged millions for reconstruction programs across the Middle East and North Africa. Another driving factor beyond the looming migration wave is also directly related to the pandemic, which has infected over 15.5 million and killed more than 633,000 people worldwide. Potential migrants could feel that their chances of survival are better “on the other side of the sea,” Chapagain said without indicating any particular destination. People will base their decision to move on “the availability of [Covid-19] vaccines.” “If people see that the vaccine is say, for example, available in Europe but not in Africa, what happens?” He also took a swipe at countries expected to keep reserves of promising vaccines for themselves first.

Read more …

“..In Nevada, it seems, it is better to be in entertainment than religion. ..”

Supreme Court Rejects Church Challenge To Nevada COVID Restrictions (Solomon)

The Supreme Court on Friday rejected a Christian church’s plea to ease Nevada’s COVID-19 restrictions and allow additional worshipers at Sunday services in a ruling that showcased a sharp divide among the justices. “The application for injunctive relief presented to JUSTICE KAGAN and by her referred to the Court is denied,” the court ruled without further explanation in rejecting an appeal by Calvary Chapel Dayton Valley. At issue was a Nevada rule that limited church services to 50 people – regardless of the size of the church building — while allowing other commercial entities like casinos and theaters to have customers up to 50 percent of their building capacity.


Four conservative justices — Samuel Alito, Clarence Thomas, Brett Kavanaugh and Neil Gorsuch — strongly dissented, arguing the differing standards created unequal protection under the law. “This is a simple case. Under the Governor’s edict, a 10-screen ‘multiplex’ may host 500 moviegoers at any time,” Gorsuch wrote. “….In Nevada, it seems, it is better to be in entertainment than religion. Maybe that is nothing new. But the First Amendment prohibits such obvious discrimination against the exercise of religion.” The Trump White House weighed in by siding with the justices, with chief of staff Mark Meadows tweeting “It’s a sad day for our country when the high court supports casinos and not churches. This Supreme Court ruling would be a supreme disappointment to our founding fathers.”

Read more …

Guess this will up in the Supreme Court as well.

Judge Refuses Oregon Restraining Order Against Federal Law Enforcement (OPB)

U.S. District Court Judge Michael Mosman rejected an effort by Oregon’s attorney general to restrict federal law enforcement agencies as they police protests in downtown Portland. Oregon asked a judge to make federal officers identify themselves and their agency before arresting or detaining a person and to prohibit arrests that lack probable cause. In his 14-page ruling, Mosman said the state lacked standing to bring the case, in part because Attorney General Ellen Rosenblum failed to show the interests of the state of Oregon itself had been harmed. “In the first place, although it involves allegations of harm done to protesters by law enforcement, no protester is a plaintiff here,” Mosman stated in his written order.


“In the second place, it is not seeking redress for any harm that has been done to protesters. Instead, it seeks an injunction against future conduct, which is also an extraordinary form of relief.” In a statement, Rosenblum said she was disappointed in Mosman’s decision, noting that her goal was to ensure people’s rights are protected. “While I respect Judge Mosman, I would ask this question: If the state of Oregon does not have standing to prevent this unconstitutional conduct by unidentified federal agents running roughshod over her citizens, who does?” Rosenblum asked. “Individuals mistreated by these federal agents can sue for damages, but they can’t get a judge to restrain this unlawful conduct more generally. Today’s ruling suggests that there may be no recourse on behalf of our state, and if so that is extremely troubling.”

Read more …

Renters AND mortgagees.

Meanwhile, protections against evictions are as scattered and confusing from state to state as the various COVID measures are.

Wave Of Evictions Could Be Coming For Nation’s Renters (Hill)

The federal moratorium on evictions signed into law in March as part of the CARES Act is set to expire Friday night at midnight, setting up the potential for a wave of evictions in the middle of a pandemic that President Trump acknowledged this week will get worse before it gets better. It’s possible that the moratorium will be extended as part of a new relief bill, but Congress is mired in negotiations and is not expected to finalize legislation until early August. Some Democrats are sounding the alarm. “Communities across this country need eviction protections and housing assistance in order to avert mass evictions and homelessness,” said Congressman Jesus “Chuy” Garcia (D-Ill.).

“If we fail to act, recovery from the coronavirus pandemic and the looming economic crisis will be impossible.” The most recent survey by the U.S. Census showed that 23.7 million Americans had little or no confidence in their ability to pay the coming month’s rent, accounting for a third of all renters. Over half that number already reported not paying their most recent month’s rent. Not everyone facing eviction has been protected by the federal moratorium. It only applied to people renting from units with federal mortgages, which accounts for just over a quarter of all rental units, according to an analysis from the Urban Institute.

Other renters have been protected by broader eviction moratoria issued at the state and local level, but some of those have already expired. In June, the Federal Housing Administration (FHA) announced that it is extending its foreclosure and eviction moratorium through August 31 for those with federally-insured single-family mortgages. “You just sort of have a patchwork across the country,” said Samantha Batko, senior research associate at the Urban Institute. But for those whose sole protection has come from the federal moratorium, a number which could amount to millions of renters, Saturday could start with a demand for months of delayed rent, or an eviction notice.

Read more …

2,000 planes a-rusting, and a partridge in a pear tree.

FAA Orders Emergency Inspections Of 2,000 Boeing 737s Post-Lockdown (USAT)

Airlines face another headache from the coronavirus pandemic: potentially dangerous corrosion on planes that have been in storage since travel demand evaporated five months ago. The Federal Aviation Administration on Friday issued an emergency Airworthiness Directive (AD) for 2,000 Boeing 737s that have been parked. The FAA issued the directive after inspectors found compromised air check valves when bringing the aircraft out of storage, agency spokesman Lynn Lunsford said. Corrosion on the “fifth stage bleed air check valve” could result in dual-engine failure, he said. Airlines must inspect the planes for valve corrosion, and if it is found, they must be replaced before the plane is returned to service, he said.

The FAA took the action after four recent reports of single-engine shutdowns due to check valves being stuck open, according to the Airworthiness Directive. It did not detail the incidents or name the airlines operating them. “If this valve opens normally at takeoff power, it may become stuck in the open position during flight and fail to close when power is reduced at top of descent, resulting in an unrecoverable compressor stall and the inability to restart the engine,” the agency said. “Corrosion of these valves on both engines could result in a dual-engine power loss without the ability to restart.”

[..] Boeing spokesman Peter Pedraza issued this statement in response to the FAA directive: “Out of an abundance of caution, Boeing has advised operators of 737 Classic airplanes (series -300 to -500) and Next-Generation 737s (series -600 to -900) to inspect an engine valve for corrosion,” the statement said. “With airplanes being stored or used infrequently due to lower demand during the COVID-19 pandemic, the valve can be more susceptible to corrosion. Boeing is providing inspection and replacement information to fleet owners if they find an issue.” The directive does not include the Boeing 737 Max, which has been grounded since March 2019 following two fatal crashes in less than six months.

Read more …

But Goldman expects it to be cut by 50%?! And Pelosi doesn’t want it, she wants something much bigger that will take much longer to pass?

A Second Round Of $1,200 Stimulus Checks Could Be Coming (CNBC)

Congress won’t move on the next round of stimulus legislation this week. Despite that, however, a second set of stimulus checks is still on the table. Draft legislation released by Senate Republicans states, “These will be included, but the amount of the payment and eligibility are TBA [to be announced].” Treasury Secretary Steven Mnuchin said this week that the size and scope of the payments will likely be the same as the first round. That is subject to change as negotiations with Democrats ensue. Those checks were up to $1,200 per individual or $2,400 per married couple, plus $500 for dependents under 17. Eligibility was based on income. Those earning up to $75,000 per individual, or $150,000 per married couple filing jointly, received the full amount.


Those who made more than that received reduced payments. Individuals who make more than $99,000 and married couples with over $198,000 in income were not eligible for the money. A second set of payments would be a concession for some Republicans, who are reluctant to send more money. Senate Majority Leader Mitch McConnell, R-Ky., previously suggested lowering the income threshold to those making $40,000 or less. The stimulus checks are part of President Donald Trump’s plan to get relief help to Americans quickly, Mnuchin said in a Thursday CNBC interview. While the president still likes the idea of a payroll tax cut, more direct payments would get money to people sooner, Mnuchin said. “The President’s preference is to make sure that we send out direct payments quickly so that in August, people get more money,” Mnuchin said.

Read more …

“..the whole continent will be treated to an intensification of the doom loop between austerity and recession…”

Recovery Fund Will Take EU Another Step Towards Disintegration (Varoufakis)

First, the recovery fund is a distraction from the elephant in the room: massive austerity. According to the IMF, the eurozone’s total 2020 income will fall by 10%, causing an average budget deficit of more than 11%, with weaker countries such as Italy and Greece facing a much larger drop. That would not be catastrophic per se, if it were not for the determination of Berlin and other governments to push member states to balance their books by 2021 (as witnessed by the 11 June Eurogroup communique). Even if the nascent recovery brings down, for example, Italy’s budget deficit to, say, 9%, to balance its books Rome must impose a cruel level of austerity equal to a new 9% of GDP in cuts and taxes. Similarly with Greece. Given that even Germany will have to practise austerity to balance its budget, the whole continent will be treated to an intensification of the doom loop between austerity and recession.

Second, the recovery fund is (macroeconomically) puny. For it to defend the union, it should pack a fiscal boost comparable in magnitude to the austerity tsunami down the line. It does not. Take Italy and Greece again, countries that must face down immense austerity. How much of this shock can the recovery fund monies help absorb? Not a lot, is the answer. To arrive at a precise answer, we must first ignore the new loans on offer from the recovery fund (since new debt has never helped the insolvent) and concentrate exclusively on net grants. Italy has been allocated around €80bn and Greece €23bn. However, every member state must take on part of the new €750bn EU debt. Italy, for example, is liable for just under 13% of this debt while poorer Greece is liable for 1.4%. Once we subtract these new debts, Italy’s and Greece’s net grants come to just over €30bn and €12bn respectively – or 0.6% and 2% of GDP on an annual basis between 2021 and 2023. Compared to the prospect of austerity equivalent to 9% of GDP, which will be required to balance their budgets, these are puny sums.

Third, the political conditions under which the funds will flow are a Eurosceptic’s dream. When a recession hits the UK, the government’s budget deficit rises automatically as benefits flow disproportionately towards the most affected regions. The beauty of such a proper fiscal union is that no politician can decide which region gets which transfer. Imagine the sheer awfulness if parliament had to debate how much would be transferred to Cumbria, to Norfolk or to north Wales from Surrey, Sussex and west London. Britain would be wrecked by divisions that make Brexit look like an amicable affair. And yet this divisiveness has been baked into the EU recovery fund, complete with country allocations drawn up even before we know the effects of the recession on each region. It is almost as if the whole thing were designed by a cunning Eurosceptic.

As if that were not enough, our great and good leaders also decided that each national government will have the right to freeze payments, for up to three months, to any other government while it scrutinises how the money is to be spent. Endless recriminations are guaranteed, as the Dutch lambast the Italian government’s pension payments and Rome returns the favour with reports on the Netherlands’ famous tax loopholes. Imagine the mood in the room when such a challenge is made to, say, Spain, by a prime minister whose government the EU bribed, in the form of Thatcher-like rebates, to get the recovery fund across the line.

Read more …

Not going to happen. The media are running his campaign.

Media Should Be ‘Pressuring’ Biden To ‘Answer Questions’ – Howard Kurtz (Fox)

Fox News media analyst Howard Kurtz called on the press to pressure presumptive Democratic presidential nominee Joe Biden to “answer questions,” saying it’s his responsibility as a candidate and that “playing it safe” could backfire. “Many Democrats seem convinced that while it’s a great strategy for [Biden] not to talk to the press, the press, by the way, should be pressuring the former vice president to answer questions because that’s part of the responsibility of a presidential candidate,” Kurtz said on “Bill Hemmer Reports.” Kurtz advised Biden not to commit to the strategy, saying that while many criticize President Trump, he is taking questions. He noted that Biden may reconsider it if his polling takes a hit.

“Look, not just as a journalist, but as an American, I think that Biden shouldn’t adopt this posture, that I’m just going to do the canned speeches, teleprompter speeches, so forth,” Kurtz said. “President Trump, like him or don’t like him, he is out there doing interviews, talking to reporters. He’s got the daily briefings now all the time. Joe Biden is not doing that.” The media analyst also commented on Biden’s release of a socially distanced conversation with former President Barack Obama where they ripped Trump for his response to the coronavirus pandemic. “The Obama card is, in fact, the strongest card that Joe Biden has to play,” Kurtz said. “And the reason he’s playing it now is that President Trump has been ramping up his attacks against the former V.P. and in a virtual campaign, Biden wants to connect with Obama’s 120 million Twitter followers.

Joe is kind of a dot on social media. So he had been sitting on his lead with the stay at home strategy until now.” Kurtz speculated that using Obama’s legacy could backfire on the candidate. “Using Barack Obama, Bill, as a character witness is a double edged sword, because as we saw from that White House pushback, President Trump would love nothing more than to run against the Obama administration’s record on policing, on immigration and other issues,” Kurtz said. “And it could change the contest from what is now, quite frankly, a referendum on Donald Trump, who dominates the media spotlight to a future versus past comparison. You know, do you really want to go back to the old days?”

Read more …

Let it roll. Who’s paying attention anymore?

As US Debt Rises, Biden’s Spending Proposals Near $10 Trillion (JTN)

Democratic presidential candidate Joe Biden’s spending proposals are nearing $10 trillion, even as U.S. debt continues to rise amid new coronavirus spending. In the past month alone, Biden has proposed nearly $3.48 trillion in new taxes and spending. Biden’s new childcare and eldercare proposal released Tuesday calls for $775 billion in taxes and new government spending. The Biden campaign’s energy plan released last week will cost taxpayers $2 trillion. “Biden will make a $2 trillion accelerated investment, with a plan to deploy those resources over his first term, setting us on an irreversible course to meet the ambitious climate progress that science demands,” stated the Biden campaign’s website. During a speech in Pennsylvania earlier this month, Biden also promised a $700-billion “buy American” manufacturing plan.


Adding the $3.48 trillion in spending proposed in the past month to the more than $6 trillion Biden had already proposed, brings Biden’s total proposed costs to almost $10 trillion. An analysis by the Committee for a Responsible Federal Budget estimated that Biden’s healthcare plan has a gross cost of $2.25 trillion and would add a net $800 billion after offsets to deficits over ten years. Biden has vowed to raise taxes by $4 trillion, according to an analysis by the nonpartisan Tax Policy Center. Biden’s proposed $4 trillion in new taxes more than doubles the $1.4 trillion that Hillary Clinton proposed in 2016, according to a 2016 analysis by the Tax Policy Center, which is a joint venture of the left-leaning Urban Institute and Brookings Institution.

Read more …

“How the hell can Donald Trump be the first racist president in a country where 12 presidents before him owned slaves?”

Easy, because that’s what you get when you let white people speak for black people. The whole movement’s been hijacked, and we’re going to pretend we don’t know that?

Charlamagne Tha God Slams Biden For Calling Trump First Racist President (NYP)

The presumptive Democratic nominee made the comment during a virtual town hall Wednesday in response to concerns voiced by a health care worker about the president referring to the coronavirus pandemic as the “China virus.” “The way he deals with people based on the color of their skin, their national origin, where they’re from, is absolutely sickening,” the former veep said. “No sitting president has ever done this. Never, never, never. No Republican president has done this. No Democratic president. We’ve had racists, and they’ve existed, they’ve tried to get elected president. He’s the first one that has,” Biden added.

Charlamagne, co-host of “The Breakfast Club,” reacted to Biden’s characterization by declaring him Thursday’s “Donkey of the Day,” Fox News reported. “I really wish Joe Biden would shut the f–k up forever and continue to act like he’s starring in the movie ‘A Quiet Place’ because as soon as he opens his mouth and makes noise, he gets us all killed, OK?” he said. Charlamagne also accused Biden of “revisionist history,” describing his claim about the commander-in-chief as “a lie” that “relinquishes America of all responsibility of its bigotry.” “How are we ever going to atone for America’s original sins if we don’t acknowledge them?” he said. “How the hell can Donald Trump be the first racist president in a country where 12 presidents before him owned slaves?”

“Joe, you got to hurry up and announce your black woman VP so I can be enthused about voting for her because I will never be enthused about voting for you, and you know America is a terrible place when Kanye West seems like a viable option,” Charlamagne added. Charlamagne made headlines during his recent interview with Biden, who suggested that African American voters “ain’t black” if they were still considering voting for Trump in November. Biden walked back his remarks later.

Read more …

Distorting reality to go after a 17-year old kid is pretty low. But he’s not defenseless. In fact, he could be very rich when all is said and done.

Why was he targeted? Because he wore a MAGA hat. With WaPo and CNN having forked over, ABC, CBS, The Guardian, The Hill and NBC Universal well have to as well. Good.

WaPo Settles $250 Million Lawsuit With Covington Teen Nick Sandmann (ZH)

The Washington Post has settled a $250 million defamation lawsuit filed by Covington Catholic High School student Nick Sandmann for an undisclosed amount, after the teen claimed the left-leaning news outlet ‘led the hate campaign’ against him following a racially charged January, 2019 incident at the March for Life Rally at the Lincoln Memorial. Sandmann was viciously attacked by left-leaning news outlets over a deceptively edited video clip from the incident, in which the teenager, seen wearing a MAGA hat, appeared to be mocking a Native American man beating a drum (a known political grifter who lied about the incident, and stole valor). The following day, a longer version of the video revealed that Sandmann did absolutely nothing wrong – as the Native American, Nathan Phillips, aggressively approached Sandmann and beat a drum in his face.


In a tweet on his 18th birthday, Sandmann wrote “On 2/19/19, I filed $250M defamation lawsuit against Washington Post. Today, I turned 18 & WaPo settled my lawsuit.”

Sandmann is also suing ABC, CBS, The Guardian, The Hill and NBC Universal.

Read more …

Please read the whole thing. This story is getting wilder by the day. Remember Fiona Hill? Well, she’s front and center in the whole scheme.

Meet the Steele Dossier’s ‘Primary Subsource’ (RCI)

The mysterious “Primary Subsource” that Christopher Steele has long hidden behind to defend his discredited Trump-Russia dossier is a former Brookings Institution analyst — Igor “Iggy” Danchenko, a Russian national whose past includes criminal convictions and other personal baggage ignored by the FBI in vetting him and the information he fed to Steele, according to congressional sources and records obtained by RealClearInvestigations. Agents continued to use the dossier as grounds to investigate President Trump and put his advisers under counter-espionage surveillance.

The 42-year-old Danchenko, who was hired by Steele in 2016 to deploy a network of sources to dig up dirt on Trump and Russia for the Hillary Clinton campaign, was arrested, jailed and convicted years earlier on multiple public drunkenness and disorderly conduct charges in the Washington area and ordered to undergo substance-abuse and mental-health counseling, according to criminal records. In an odd twist, a 2013 federal case against Danchenko was prosecuted by then-U.S Attorney Rod Rosenstein, who ended up signing one of the FBI’s dossier-based wiretap warrants as deputy attorney general in 2017.

Danchenko first ran into trouble with the law as he began working for Brookings — the preeminent Democratic think tank in Washington — where he struck up a friendship with Fiona Hill, the White House adviser who testified against Trump during last year’s impeachment hearings. Danchenko has described Hill as a mentor, while Hill has sung his praises as a “creative” researcher. Hill is also close to his boss Steele, who she’d known since 2006. She met with the former British intelligence officer during the 2016 campaign and later received a raw, unpublished copy of the now-debunked dossier.

It does not appear the FBI asked Danchenko about his criminal past or state of sobriety when agents interviewed him in January 2017 in a failed attempt to verify the accuracy of the dossier, which the bureau did only after agents used it to obtain a warrant to surveil Trump campaign adviser Carter Page. The opposition research was farmed out by Steele, working for Clinton’s campaign, to Danchenko, who was paid for the information he provided. A newly declassified FBI summary of the FBI-Danchenko meeting reveals agents learned that key allegations in the dossier, which claimed Trump engaged in a “well-developed conspiracy of cooperation” with the Kremlin against Clinton, were largely inspired by gossip and bar talk among Danchenko and his drinking buddies, most of whom were childhood friends from Russia.

The FBI memo is heavily redacted and blacks out the name of Steele’s Primary Subsource. But public records and congressional sources, who spoke on condition of anonymity, confirm the identity of the source as Danchenko. In the memo, the FBI notes that Danchenko said that he and one of his dossier sources “drink heavily together.” But there is no apparent indication the FBI followed up by asking Danchenko if he had an alcohol problem, which would cast further doubt on his reliability as a source for one of the most important and sensitive investigations in FBI history.

Read more …

 

 

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Mar 092020
 


 

‘Fake Wealth’ Set To Pop (ABR)
Global Markets Plunge 7-8%, Oil Falls 30% To $30 (G.)
Goldman Cuts Brent Forecasts To $30 On Price War, Virus (R.)
Gig Economy Workers Can’t Afford To Be Ill (G.)
Plummeting Oil Prices And Mortgage Rates Could Boost Consumers (CNBC)
More Countries Will Adopt Italy’s Measures – Austria PM (G.)
Leaked Italy Quarantine Plans Create Chaos, Threaten To Spread Virus (ZH)
Charities Preparing To Feed Children If Schools Shut Over Coronavirus (G.)
NYC Asks Commuters to Stay Off Public Transit ‘If You Can’ (NBC)
A Perfect Storm Of Nationalism And Financial Speculation (Varoufakis)
Tyre Wear Produces 1,000 Times More Harmful Pollution Than Car Exhausts (BW)
Putin Saves Erdogan From Himself (Escobar)
Fiona Hill Says Putin Has America ‘Exactly Where He Wants Us’ (CNN)

 

 

As I wrote yesterday in The Virus is a Time Machine, it’s not about the number of deaths or cases, it’s about the disruption. Today, stock markets are down 7-8%, and oil plummeted 30% to $30. At your service. “Fake Wealth” is popping, say some.

Italy has an oversized role today so far, but there are a number of countries that could take off at any time now. As I said in that article, US, Germany, France, Spain appear to be in a phase where for instance Italy was about a week ago.

Something odd about the numbers today is that COVID2019.app puts South Korea at 8,100 cases, while the other two have it at around 7,400. It must be hard getting the numbers right, and on time.

 

Cases 110,607 (+ 4,120 from yesterday’s 106,487)

Deaths 3,831 (+ 231 from yesterday’s 3,600)

 

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

 

 

 

From SCMP:

 

 

From Worldometer:

 

 

From COVID2019.app:

 

 

 

 

Smart cookie.

‘Fake Wealth’ Set To Pop (ABR)

Sharemarket and property investors are about to experience a reckoning that sweeps away the pretence of “fake wealth and artificial economy”, Lucerne Investment Partners portfolio manager Jerome Lander says. In a note to clients issued on Monday, Mr Lander said investors were “reacting in horror to the reality of the coronavirus as it begins its exponential growth around the world”. His note came as the Australian sharemarket was experiencing its biggest one-day fall since the global financial crisis, with the S&P/ASX 200 plunging 6 per cent to a 14-month low of 5840.90 amid a collapse in oil prices. “This is a truly frightening pandemic with significant ramifications which much of the developed world is unlikely to cope with well,” Mr Lander said.

“The reality is ICUs [intensive care units] are likely to be overrun around the world and people will increasingly seek to avoid social contact and hide at home in order to avoid contracting the deadly virus.” Mr Lander said a 10 per cent ICU admission rate for Italy’s 1492 cases of coronavirus was a “truly horrifying statistic”. Underlying economic weaknesses was being expose, he said. “One bubble after another is at risk of popping, as the fake wealth and artificial economy of the last few years explodes in the face of a devastating global recession.” With sharemarkets now “crashing, with delusional housing prices likely to follow”, he predicted central banks would shortly attempt to restore order to financial markets through so-called quantitative easing.

“Unlimited QE is likely but won’t help alter the destruction from the pandemic,” Mr Lander said. “These are truly dangerous times for all investors, but particularly for those holding large amounts of overvalued equity and property assets at fake economy prices.”

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Trillions upon trillions in fake wealth are going POOF. And the central banks that created the fake wealth will throw more fake money at the walls.

Global Markets Plunge 7-8%, Oil Falls 30% To $30 (G.)

Global stock markets have suffered their biggest falls since the 2008 financial crisis while the oil price crashed amid panic selling because of the double threat of a coronavirus-driven global recession and an oil price war. The FTSE 100 index in London plunged 8.5% to 5,911 points, losing 550 points, when trading began on Monday morning. Germany’s Dax tumbled 7.5% and Spain’s Ibex lost 7%. Asian markets also recorded huge losses as fears over the world economy were exacerbated by the shock decision by Saudi Arabia over the weekend to ramp up oil production in an attempt to drive rivals such as Russia and the US out of the market.

The price of Brent crude oil fell almost 30% to $31.14 on Monday, its biggest decline since the start of the Gulf war in 1991. Some experts expect it to fall further unless the Saudis and Russians return to the bargaining table. Turmoil spread on international markets as the coronavirus epidemic deepened around the world. Italy, the worst-hit country in Europe, was plunged into chaos as government plans to quarantine more than 16m people – more than a quarter of its population – were leaked to the media. Italian bond yields jumped on Monday. The number of people infected by coronavirus worldwide has passed 110,000.

Stock markets in Asia Pacific experienced the worst wave of selling since the collapse of Lehman Brothers in 2008 heralded the onset of the global financial crisis. With fears growing of a recession in Australia because of the virus, the Australian share market closed down 7.4%. The Nikkei in Japan fell more than 5%, while Hong Kong’s Hang Sen lost 3.9% and the Shanghai stock exchange dropped just over 3%. US 10-year government bond yields fell to fresh record lows and the Japanese yen and gold soared as investors rushed into safe haven investments.

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Putin stopped supporting MbS. Isn’t that a good thing? How much do we like MbS?

Goldman Cuts Brent Forecasts To $30 On Price War, Virus (R.)

Goldman Sachs cut its second- and third-quarter Brent price forecasts to $30 per barrel, citing the oil price war between Russia and Saudi Arabia and a significant collapse in oil demand due to the coronavirus that has killed more than 3,500 globally. Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the virus outbreak. “The aggressive cut to Saudi’s Official Selling Prices and Russia’s reluctance to be pushed into a deal on Friday point to a low probability of an immediate (OPEC+) agreement,” Goldman said in a note dated March 8.

A three-year pact between OPEC and Russia ended in acrimony on Friday after Moscow refused to support deeper oil cuts and OPEC responded by removing all limits on its own production. “While we can’t rule out an OPEC+ deal in coming months, we also believe that this agreement was inherently imbalanced and its production cuts economically unfounded,” the bank said. Goldman’s base case is now for no such deal, it said. Goldman’s base case is now for no such deal, it said. Lower oil prices will start creating acute financial stress and declining production from shale as well as other high cost producer, the bank said.

There will be a negligible response from U.S. shale producers in the second quarter, but output will fall in the third quarter by 75,000 barrels per day (bpd) and a further 250,000 bpd in the fourth quarter of 2020, the bank said. This will not prevent, however, a third-quarter supply surplus of 1.2 million bpd. “At that point, the fundamental rebalancing could require oil prices falling to operational stress levels for high-cost producers with well-head cash costs near $20/bbl,” it said.

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Home deliveries are set to double, but the people working the field don’t get paid anything. The future’s so bright…

Gig Economy Workers Can’t Afford To Be Ill (G.)

Shane Stephen, a Deliveroo rider, pulls a snood over his mouth and nose as he manoeuvres his mountain bike down a narrow side-street in central London. It is his makeshift defence against coronavirus. “If I catch something I’m screwed,” explains the 23-year-old. “Gig economy workers can’t afford to be ill. My bank balance is literally £4 something right now.” Stephen – like tens of thousands of other couriers and drivers in the UK – is classed as self-employed and therefore not entitled to any sick pay. He stands to gain nothing from Boris Johnson’s pledge last Wednesday to give coronavirus-hit workers statutory sick pay from the first day off work rather than the fourth. Yet Stephen and other gig economy couriers could be called on to deliver food and other essentials to self-isolating households when the virus reaches its peak.

Some industry analysts foresee the number of home deliveries doubling if people are told to work from home and avoid large gatherings under the government’s so-called social-distancing strategy, which will kick in if the virus continues to spread across the country. Unions representing gig economy workers, such as the GMB and Independent Workers Union of Great Britain (IWGB), fear couriers with coronavirus symptoms may keep working. “Many will carry on because they need to put food on the table and pay the rent. They will then come into contact with other people and spread the virus,” says Mick Rix from the GMB, which represents thousands of couriers. “This would be going against everything the government is trying to achieve at the moment.”

[..] Josh Lane (not his real name) jumps into his DPD Local van after making a delivery in Tottenham. He cleans his hands with hand sanitiser. “I’m in a rush, but I’m doing my bit,” he says through the rolled-down window. However, the 30-year-old cannot afford to stop work if he contracts the virus. “It’s like a flu and I’ve worked through flu before. If you’re self-employed you have to continue working,” he says. “It’s not about me. I’ve got three children. I’m not about to make them starve because of coronavirus. If I’m physically able to work, then isolation is not happening for me.”

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The kind of stuff that stumps me: “This resiliency of the consumer will once again support equities and most likely show that this current market reaction is a ‘blip’..

These people have zero connection to reality.

Plummeting Oil Prices And Mortgage Rates Could Boost Consumers (CNBC)

As the deadly coronavirus spreads across the globe, oil prices are down 30% for the year and the average rate on the popular 30-year fixed mortgage has fallen to an eight-year low. It’s positive news for consumers in the short term, even as some economists warn that the virus could tip the U.S economy into recession as the outbreak escalates. The drop in mortgage rates and oil prices could boost consumer confidence, which rose less than expected in February just one day after the stock market had one of its worst days amid virus concerns. A boost in consumer confidence, in turn, could ease those recession fears. “The U.S. economy is 70% consumer driven,” said John Kilduff, founding partner of Again Capital.

“A drop in gasoline prices acts like a tax cut, freeing up money to spend in other sectors of the economy, especially discretionary sectors, such as travel and leisure and dining.” The relentless pace of headlines related to the coronavirus, however, could ultimately act as a psychological break on any boost in confidence that low oil prices and mortgage rates might deliver to the consumer. “The question is whether the fear factor attributable to the virus will overwhelm any positive impact from lower gasoline prices and lower mortgage rates,” said Edward Yardeni, president of Yardeni Research. “That’s hard to answer, but it seems to me that fear is winning the tug of war currently as evidenced by the drop in stock prices and the panicky responses of governments, the media … and the public,” he added.

[..] Jeff Kilburg, founder and CEO of KKM Financial, said that the short-term reaction to lower oil prices will translate into lower prices at the pump for Americans, and that in combination with historically low mortgage rates will provide substantial strength for consumers in the second quarter. “This resiliency of the consumer will once again support equities and most likely show that this current market reaction is a ‘blip,’ not the end of this bull market … and certainly not the beginning of a recession,” Kilburg said.

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Absolutely right. Will I be able to get to Greece in time?

More Countries Will Adopt Italy’s Measures – Austria PM (G.)

Austria’s chancellor has said other European countries will be forced to adopt containment measures as drastic as Italy’s, after Rome placed a quarter of the population in lockdown in an effort to halt the rapid spread of the coronavirus. As the head of the World Health Organization praised Italy’s “genuine sacrifices”, Sebastian Kurz said the situation in Austria, which has reported 99 Covid-19 cases, was under control and the measures it had adopted were appropriate for the time being. He said EU leaders and health ministers were in close contact over their countries’ handling of the epidemic [..] “It will be important to decide which steps to take when,” Kurz said. “You can close schools for one or two weeks and this is urgently necessary in Italy. It will happen in other European countries. The decisive question is when to do it.”

The difficulty will be in balancing the need to head off a peak in infections that could paralyse public health systems against excessive economic damage, he said. “You have to consider carefully when to adopt these measures, because a national economy cannot handle this over too long a period.” Speaking to French radio, the EU commissioner for the single market, Thierry Breton, said European countries were “each acting according to the latest available data in their countries. The virus has spread faster in some places than in others, so naturally the measures in each differ”. In the US, Anthony Fauci, the head of the infectious diseases unit at the National Institutes of Health, said Americans , and particularly those who are vulnerable, may have to stop attending big gatherings. Nor could large-scale quarantines be ruled out, he said.

The WHO director general, Tedros Adhanom Ghebreyesus, tweeted his appreciation for Rome’s efforts after the government published a decree barring people from entering or leaving vast areas of northern Italy without good reason until 3 April. The quarantine zones are home to about 16 million people and include the regions around Venice and the financial capital, Milan. Cinemas, theatres and museums will be closed nationwide and leave has been cancelled for health workers as the prime minister, Giuseppe Conte, said the country was facing a national emergency.

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You announce an upcoming travel ban, so what do people do? Travel.

Leaked Italy Quarantine Plans Create Chaos, Threaten To Spread Virus (ZH)

Italians have become inured to alarming news over the past month as the outbreak has spiraled out of control in Lombardy. But following a flurry of uncontrolled leaks warning about an imminent lockdown as part of the government’s planned emergency decree, restaurants and bars started emptying out and many fled to the train station, where they hopped trains to get out of the region, especially those who had plans to travel elsewhere that were being interrupted by the lockdown. According to an SCMP reporter in Padua, packed bars and restaurants quickly emptied out as news of a coming lockdown hit, as many people rushed to the railway station. Travellers with suitcases, wearing face masks, gloves and carrying bottles of sanitising gel shoved their way on to the local train.

This appears to have been a phenomenon across the North. The video shows passengers with large bags packed heading toward a cross-country train to take them out of the quarantine zone and into the Italian south, where the virus has penetrated, but infection numbers and deaths remain much lower than in the north. This could be terrible news for the impoverished south: experts have repeatedly warned that southern Italy – best known as an agricultural and fishing center rife with organized crime – doesn’t possess the medical infrastructure to handle a surge in life-threatening cases of pneumonia. While Andrew Cuomo has repeatedly insisted during his seemingly never-ending series of press conferences that the panic is worse than the virus itself, in Italy, the situation is rapidly deteriorating on both fronts.

One epidemiologist described the series of panic-provoking leaks as “pure madness.” Fortunately, Italian markets were closed during the panic, and now people have more or less accepted the new rules. But at this point, the horse is already out of the barn. Panicked Italians are now traveling around the country, potentially bringing the virus with them. “The draft of a very harsh decree is leaked, sparking panic and prompting people to try and flee the [then] theoretical red zone, carrying the virus with them,” wrote Italian virologist Roberto Burioni on Twitter. “In the end, the only effect is to help the virus to spread. I’m lost for words.”

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Even before the virus, Britain’s reality is devastating: ““or so many families now, schools are the first line of defence against hunger..“

Charities Preparing To Feed Children If Schools Shut Over Coronavirus (G.)

A charity led by the archbishop of Canterbury is preparing to help feed children if schools are closed by coronavirus, amid fears the withdrawal of free school dinners could leave up to 3 million children at risk of hunger. Feeding Britain, which runs food poverty schemes in 12 areas of England including Cornwall, Leicester, Barnsley and South Shields, is exploring how to set up emergency programmes similar to those used to feed the poorest children during the summer holidays. The Akshaya Patra Foundation, which serves thousands of hot meals to children every summer in London boroughs, is also “prepared to enter crisis mode”, while food projects in Bristol and Huddersfield said they were exploring how their schemes to feed hundreds of children in school holidays could be adapted to help cope with emergency closures.

“For so many families now, schools are the first line of defence against hunger,” said Andrew Forsey, the national director of Feeding Britain, whose president is the Most Rev Justin Welby. “In many cases it is breakfast as well as lunch, so if the schools close it’s two meals we have to find. There is early-stage planning going on around ensuring supplies of food and the extent of voluntary support that could be drawn upon if some schools do need to close.” Downing Street said on Tuesday that school closures would be among “distancing strategies” used if the virus became established in the UK. On Thursday, Italy closed all of its schools and colleges for a month.

[..] An immediate challenge is likely to be finding a way to deliver meals in a way that maintains the distance between people that school closures are meant to achieve. The Bristol project said it could involve delivering food parcels door-to-door. Forsey also said panic-buying that cleared supermarket shelves could hinder efforts as many free meal programmes relied on retailers’ donations.

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“106 people in New York have confirmed cases of Coronavirus. But- “As of Saturday only about 120 people in New York City had been tested..”

The dumbest advice ever. “Take the next train”.

NYC Asks Commuters to Stay Off Public Transit ‘If You Can’ (NBC)

City and state officials issued new travel suggestions amid growing novel coronavirus cases in the tri-state area. New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio asked sick people to stay off public transit, especially subways and buses. Their warnings included a suggestion to avoid dense crowds on buses, subways and trains, or take alternate travel if possible. “If you take the subway and you are able to wait for a less packed train, please do. If you have the option of walking or biking, please do. Buses can be crowded too, but less than subways, so please use these if you can,” de Blasio said. “Move to a train car that is not as dense. If you see a packed train car, let it go by. Wait for the next train. Same if you’re taking a bus,” Cuomo said.


Avoiding public transit is not an option for most New Yorkers and they’re not afraid to let the mayor know. “Happy to ride a bike to work. Can you make it so people don’t die in Queens while biking? Vehicular deaths are a public health crisis too,” one Twitter user said in response to de Blasio’s announcement. In the city’s other effort to stop the spread of COVID-19, transit workers started to disinfect subway turnstiles, station handrails, MetroCard and ticket vending machines daily and other frequently used parts of the system, according to a statement from Transport Workers Union President Tony Utano. The deep clean extends to Long Island Rail Road, Metro-North and Access-A-Ride services as well. In addition to the daily cleaning, the MTA says its full fleet of subway trains and buses will undergo sanitization every 72 hours.

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I think Yanis is getting ahead of himself. What the situation will be once the pandemic is over is so murky right now we must all be very cautious about predicting anythig.

A Perfect Storm Of Nationalism And Financial Speculation (Varoufakis)

Nationalism and speculation have seldom had a better opportunity to combine forces as the one riding today on the coattails of Covid-19, known as the coronavirus. When Covid-19 leapfrogged from China to Italy, even ardent Europeanists normally appreciative of open borders joined the deafening calls to end freedom of movement across Europe’s national borders – a longstanding demand of nationalists. Meanwhile, the money men speculating on government debt are performing a classic flight from Italian to German government bonds, seeking the financial safety that only the continent’s hegemon can offer during any crisis. As if in a bid to remind us of the great contradiction of our times, Covid-19 is illuminating gloriously the freedom of money to transcend a borderless financial universe while humans remain as fenced in as ever.

Meanwhile in the United States, President Trump is combining his standard call for taller walls with a fresh instruction to moneymen to “buy the dip” in Wall Street, rather than to follow their natural instinct to seek refuge in the boring but safe bond markets. A great deal will depend on whether financiers believe Mr Trump or not, and not just because this is an election year. If speculators do believe the American president, Wall Street will recover swiftly even before the epidemic subsides. The forces of xenophobic financialisation will then have triumphed and America’s progressives will face an uphill struggle on every political front. As for the European Union, ruling elites will breathe a sigh of relief that a new depression was avoided and return to managing as best as they can the economic stagnation of recent times, tinged this time with a large dose of additional, coronavirus-reinforced, xenophobia.

Will Wall Street follow Mr Trump’s advice to “buy the dip”? For now, the large players are in two minds. The drop in the stock market does not worry them as such. Their concern is that the recent bull market was running on increasingly suspect debt and that Covid-19 may have pricked a bubble that was going to burst anyway. Similarly in Europe, the worst spectre hovering over investors’ heads is that large corporations, relying for too long on free money from the European Central Bank, may be downgraded from investment to junk-grade – especially so at a time of stagnant domestic demand and a collapsed Chinese import market.

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Maybe electric cars should run on electric tires?

Tyre Wear Produces 1,000 Times More Harmful Pollution Than Car Exhausts (BW)

Car tyres could be doing more damage to our health than the fumes from exhaust pipes, according to the results from a new test. Measurements found that 5.8 grams per kilometre of harmful particles are emitted by tyres as they wear when a car is being driven. That compares to 4.5 milligrams per kilometer produced from exhaust pipes of the latest vehicles on sale today – meaning harmful tyre outputs are higher by a factor of over 1,000. Assessments were conducted by UK-based experts Emissions Analytics, which specialises in calculating the pollution produced by cars in real-world driving.


The type of emissions tyres have been found to produce is harmful particulate matter that is almost impossible to see with the naked eye. It’s made up of microscopic solids or liquid droplets that are so small that they can be inhaled and cause serious health problems. Particles less than 2.5 micrometers in diameter – also known as PM2.5 – pose the greatest risk to our health. Exposure can affect both the lungs and heart, with numerous scientific studies linking them to a variety of problems. This includes premature death in people with heart or lung disease, nonfatal heart attacks, irregular heartbeat, aggravated asthma, decreased lung function and wider respiratory symptoms.

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But there are videos of Turkish troops destroying Greek fences to let migants pass. Erdogan is in Brussels today.

Putin Saves Erdogan From Himself (Escobar)

At the start of their discussion marathon in Moscow on Thursday, Russian President Vladimir Putin addressed Turkish President Recep Tayyip Erdogan with arguably the most extraordinary diplomatic gambit of the young 21st century. Putin said: “At the beginning of our meeting, I would like to once again express my sincere condolences over the death of your servicemen in Syria. Unfortunately, as I have already told you during our phone call, nobody, including Syrian troops, had known their whereabouts.” This is how a true world leader tells a regional leader, to his face, to please refrain from positioning his forces as jihadi supporters – incognito, in the middle of an explosive theater of war. The Putin-Erdogan face-to-face discussion, with only interpreters allowed in the room, lasted three hours, before another hour with the respective delegations.

In the end, it all came down to Putin selling an elegant way for Erdogan to save face – in the form of, what else, yet another ceasefire in Idlib, which started at midnight on Thursday, signed in Turkish, Russian and English – “all texts having equal legal force.” Additionally, on March 15, joint Turkish-Russian patrolling will start along the M4 highway – implying endless mutating strands of al-Qaeda in Syria won’t be allowed to retake it. If this all looks like déjà vu, that’s because it is. Quite a few official photos of the Moscow meeting prominently feature Russian Foreign Minister Sergey Lavrov and Defense Minister Sergey Shoigu – the other two heavyweights in the room apart from both Presidents. In the wake of Putin, Lavrov and Shoigu must have read the riot act to Erdogan in no uncertain terms.

That’s enough: now behave, please – or else face dire consequences. A predictable feature of the new ceasefire is that both Moscow and Ankara – part of the Astana peace process, alongside Tehran – remain committed to maintaining the “territorial integrity and sovereignty” of Syria. Once again, there’s no guarantee that Erdogan will abide. It’s crucial to recap the basics. Turkey is deep in financial crisis. Ankara needs cash – badly. The lira is collapsing. The Justice and Development Party (AKP) is losing elections. Former prime minister and party leader Ahmet Davutoglu – who conceptualized neo-Ottomanism – has left the party and is carving his own political niche. The AKP is mired in an internal crisis.

Erdogan’s response has been to go on the offensive. That’s how he re-establishes his aura. Combine Idlib with his maritime pretensions around Cyprus and blackmail pressure on the EU via the inundation of Lesbos in Greece with refugees, and we have Erdogan’s trademark modus operandi in full swing. In theory, the new ceasefire will force Erdogan to finally abandon all those myriad al Nusra/ISIS metastases – what the West calls “moderate rebels,” duly weaponized by Ankara. This is an absolute red line for Moscow – and also for Damascus. There will be no territory left behind for jihadis. Iraq is another story: ISIS is still lurking around Kirkuk and Mosul.

[..] No NATO fanatic will ever admit it, but once again it was Russia that just prevented the threatened “Muslim invasion” of Europe advertised by Erdogan. Yet there was never any invasion in the first place, only a few thousand economic migrants from Afghanistan, Pakistan and the Sahel, not Syrians. There are no “one million” Syrian refugees on the verge of entering the EU. The EU, proverbially, will keep blabbering. Brussels and most capitals still have not understood that Bashar al-Assad has been fighting al Nusra/ISIS all along. They simply don’t understand the correlation of forces on the ground. Their fallback position is always the scratched CD of “European values.” No wonder the EU is a secondary actor in the whole Syrian tragedy.

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To think there were scores of people who said Hill made so much sense. Very simple questions that remain unanswered: what exactly do the Russians do according to her, and how exactly does that divide Americans? Never an answer, other than “US intelligence believes that…”

Fiona Hill Says Putin Has America ‘Exactly Where He Wants Us’ (CNN)

President Donald Trump’s former top Russia adviser is warning that President Vladimir Putin has America “exactly where he wants us.” “Putin, sadly, has got all of our political class, every single one of us, including the media, exactly where he wants us. He’s got us feeling vulnerable…on edge, and he’s got us questioning the legitimacy of our own systems,” Fiona Hill told CBS’ Lesley Stahl in an interview set to air on “60 Minutes” Sunday. The interview marks the former top White House official’s first since testifying in the impeachment inquiry into Trump. During congressional hearings in the inquiry, Hill warned that the Republican defense of the President — by peddling Ukraine conspiracy theories — was in danger of extending Russia’s meddling in the 2016 US presidential election.

Hill, who left the Trump administration last summer, has studied Russia for decades and is a critical biographer of Putin, authoring or co-authoring a number of books on Russia, including two editions of a book titled “Mr. Putin: Operative in the Kremlin. In the interview, Hill said Russia understands how to exploit American divisions. “The Russians didn’t invent partisan divides. The Russians haven’t invented racism in the United States,” Hill said. “But the Russians understand a lot of those divisions, and they understand how to exploit them.” Russian interference in the last presidential election — which the US intelligence community believes was aimed at boosting Trump’s candidacy and hurting his opponent, Hillary Clinton — led to special counsel Robert Mueller’s investigation.

Part of the election interference included a Russian government-linked troll operation that sought to help Trump’s candidacy and undercut that of Clinton in part by posting messages in support of Sanders. Concerns over the Kremlin’s role in US politics have continued. The US intelligence community has assessed that Russia is interfering in the 2020 election and has separately assessed that Russia views Trump as a leader they can work with. In February, Democratic presidential candidate Sen. Bernie Sanders also said his campaign was briefed about Russian efforts to help his operation. It was unclear how Russia was attempting to help the Vermont senator.

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Today is International Women’s Day. So of course the DNC changes its rules yet again, this time to bar its only remaining female candidate from participating in the next debate.

 


 

 

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


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

 

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

 

 

Horowitz and Durham stir.

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

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

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

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


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

Read more …

And there’s more FBI…

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

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

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

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

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

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That seems obvious.

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

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

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

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

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

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

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

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

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

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

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And Ciaramella the whistleblower.

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

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

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Major point. All the way back to the Founders.

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

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

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

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

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

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

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


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

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

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

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


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

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Not pretty.

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

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

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

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

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

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

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

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

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

 

 

 

 

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