Menu Icon

Debt Rattle July 12 2026

Jul 122026
 
 July 12, 2026  Posted by at 9:30 am Finance Tagged with: , , , , , , , , ,  47 Responses »


Joan Miró Caballo, pipa y flor roja (Horse, Pipe and Red Flower) , 1920


• Iran Rejects US Talks As Mojtaba Calls For ‘Vengeance’ (ZH)
• US Orders Iran To Declare Hormuz Open, Toll-Free…Or Else (ZH)
• Trump Finds a New Way to Enrage Leftists and Jihad Enablers (Robert Spencer)
• Why Trump Is Right to Warn Americans About Communism (ET)
• The Return of Socialism and the GOP’s Golden Opportunity (Josh Hammer)
• From Musk to Truth Social: Critics Say Biden SEC Targeted Trump’s Allies (JTN)
• Why Patriot License Will Be Useless For Ukraine (RT)
• Muhammad Tops Baby Boys’ Names In England And Wales For Third Straight Year (ZH)
• Are the Walls Closing In On Gavin Newsom? (Matt Margolis)
• Who Made Zohran Mamdani Secretary of State? (Silvio Canto, Jr.)
• Mamdani Inadvertently Hands ICE a Target Map To Catch Illegals (ZH)
• Mamdani Vows To Update Immigrant Map After Backlash (JTN)
• Volkswagen Will Slash Half of Models After Losing Market Share to China (CTH)
• Citizen Kane at 85: Still Hiding in Plain Sight (Charlton Allen)

 


 

 


 


Why oh why does even Zero Hedge fall into the trap of putting words in Mojtaba’s mouth, when they can’t prove he actually said them? You’re creating a character while the real Mojtaba could well be dead ssince February. It’s sloppy.

NOTE: Lindsey Graham just died.

• Iran Rejects US Talks As Mojtaba Calls For ‘Vengeance’ (ZH)

Iran has thrown Trump’s ultimatum and Saturday deadline right back at Washington, saying that instead it is the United States that must first meet the agreed-upon conditions in order to normalize shipping and energy transit in the Strait of Hormuz.


Fars news agency reports Saturday that Iranian leadership is demanding that the US implement “agreed-upon understandings” before any talks take place. While the White House has declared the ceasefire to be ‘over’ – it has also indicated ongoing contacts and talks with Iran via mediators. But this appears to have been reduced to simple ultimatums being shuttled between capitals by Qatari mediators. There are no actual sit-down talks on the horizon after two rounds of fresh tit-for-tat attacks broke out this past week.

The memorandum of understanding (MoU) itself is barely alive at this point, also with Iran’s ambassador to the United Nations, Amir-Saeid Iravani, separately announcing that Tehran could stop honoring the MoU if US attacks continue. “Should the United States continue to violate its obligations under the MoU, Iran will no longer be bound to fulfil its obligations under the MoU,” Iravani told reporters at UN headquarters. But he did make clear that Iran is still committed to the agreement “provided that the United States fully and faithfully complies with its own obligations.”

President Trump has meanwhile continued to issue his own warnings and threats. He said Friday that the US military would “completely decimate” Iran if its leaders attempted or carried out his assassination. He took it a step further in an overnight Truth Social Post, saying he has 1,000 missiles “locked and loaded” – aimed at Iran – should he be targeted by Tehran’s agents. Strangely, the US President signed off with his puzzling “praise be to Allah!” reference – perhaps mockingly or sarcastically.

Meanwhile, Supreme Leader Mojtaba Khamenei still hasn’t been seen in public after the Feb.28 US-Israeli airstrikes took out his father, killed members of his family, and reportedly badly wounded him. Mojtaba is said to be observing a private memorial for his slain father, and made no known appearance at the week-long funeral processions and burial. But on Saturday he did call for revenge in a rare public message. “It is our certain and undeniable duty that this revenge be carried out,” he said.

“We pledge to avenge your pure blood and the blood of all the martyrs of these two [recent] wars by taking revenge against the criminal, disgraceful murderers,” the Ayatollah also stated. “This vengeance is what our nation is demanding, and this must definitely be done.” He issued a series of statements tinged with Shia Islamic references. His words contain repeat vows to enacting vengeance, including this not so veiled threat to kill Iran’s enemies:

As for the big picture of where things stand, University of Chicago political scientist Robert Pape, who authors “The Escalation Trap,” has pointed out that that the millions of Iranians who took to the streets last week to attend the late Ayatollah’s funeral demonstrate growing nationalist resolve. He explained that this only makes further escalation more likely later this summer, as public sentiment gets hardened against the US.

“The balance of military capabilities did not change over the weekend,” Pape said. “The balance of political will shifted.” Referencing the now unraveling ceasefire and negotiations process, Pape is predicting: “The pause appears to be another stage in the escalation process rather than the beginning of de-escalation.”

Read more …

Favorite words in Tehran: “US Orders Iran”.

• US Orders Iran To Declare Hormuz Open, Toll-Free…Or Else (ZH)

The US is back to setting deadlines, coupled with new military threats, apparently. Judging by this week, which marked a dangerous return to guns-a-blazing in the Persian Gulf, it seems Trump is ready to back these warnings with new bombing raids. The only question will be the extent to which the Islamic Republic escalates in return. So far it has shown willingness to ‘answer’ US attacks with its own missile and drone launches, against US and allied bases and facilities among the Arab Gulf states.


Axios newly reports (…just after market-closing on Friday, it should be noted), that if Tehran doesn’t declare the complete opening of the Strait of Hormuz and safe passage to all ships by close of Saturday, then the… or else! “The Trump administration is demanding that Iran publicly acknowledge that the Strait of Hormuz is open and pledge to stop firing on commercial ships,” the report says. The US has also renewed calls for Iran to immediately hand over its “nuclear dust” – amid the warnings. Axios reports the message was conveyed “directly” and “through regional mediators” – citing three officials.

Both sides have already accused the other of severely violating the terms of the MoU. And US Treasury issued fresh sanctions on Tehran Friday, which violates the ‘no new sanctions’ clause of the memorandum. So the MoU is clearly on life support as it is. Diplomacy is still moving on some fronts: “Iranian Foreign Minister Abbas Araghchi and Omani Foreign Minister Sayyid Badr al-Busaidi are expected to meet Saturday in Muscat to discuss the Hormuz crisis,” Axios continues. But here’s the deadline:The U.S. officials said they expect Iran to issue a statement after Saturday’s meeting in Oman.

Iran has not appeared in the mood to ‘compromise’ or admit defeat on any level, and so the world might witness yet more waves of US attacks by Saturday night and into Sunday. A big question remains is whether Israel will continue sitting on the sidelines. Recent reports suggest Washington has been behind the scenes pressuring the Israelis not to act against Iran unilaterally. But the Netanyahu government remains a big wild card in all this.

Read more …

“Praise Be to Allah”

• Trump Finds a New Way to Enrage Leftists and Jihad Enablers (Robert Spencer)

If you go open up a window for a minute (assuming you’re running the air conditioner, fellow American), you’ll hear the leftists yet again howling with rage. As he has done so many times in the past, President Donald Trump has driven them up the wall, this time by mocking their favorite religion. He did it late on Friday night, at the end of a message threatening harsh retaliation of the Islamic Republic of Iran succeeded in assassinating him:


“1000 Missiles are Locked and Loaded and aimed at the Islamic Republic of Iran, with thousands of more to immediately follow, should the Iranian Government act on its threat, pronounced in many corners of the Globe, to assassinate, or attempt to assassinate, the sitting President of the United States of America, in this case, ME! Orders have already been given, and the U.S. Military is ready, willing, and able, for a one year period of time, subject to extension, to completely decimate and destroy all areas of Iran – PRAISE BE TO ALLAH! President DONALD J. TRUMP

This was the second time he said it. Back on April 5, Trump wrote: “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the F****n’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH! Praise be to Allah. President DONALD J. TRUMP.”

This time, professional Trump-hater Aaron Rupar was ready to pull out the 25th Amendment playbook for yet another orgy of self-righteous partisanship dressed up as sober concern for our nation’s welfare: “This is total insanity. Words fail to explain how anyone let alone a plurality of voters thought giving an obviously demented person control of the most powerful government in the world was a good idea. We will be lucky to come out the other side of this alive.”

In its news roundup for Saturday, July 11, the Hamas-linked Council on American-Islamic Relations (CAIR) huffed that “Trump, repeatedly during the war and its uneasy ceasefire, has invoked the name of God in Arabic, as well as threatened to destroy Iran’s very civilization.” Pompously referring to itself in the third person, the unsavory group continued: “The Council on American-Islamic Relations, a nationwide advocacy group, has in the past criticized Trump’s ‘deranged mocking of Islam.’”

Indeed it did. On April 5, the Hamas cheerleaders at CAIR issued a press release complaining not only about Trump’s alleged “deranged mocking of Islam,” but about his supposed “indifference to human life and contempt for religious beliefs.” They accused him of a “a long pattern of anti-Muslim rhetoric and policies that have dehumanized Muslims at home and abroad,” and added that “the casual use of ‘Praise be to Allah’ in the context of violent threats reflects a disturbing willingness to weaponize religious language while simultaneously denigrating Islam and its followers.”

Now, wait a minute. CAIR has never lacked for chutzpah, but this is really over the top. They’re knocking Trump for issuing violent threats in the context of saying “Praise be to Allah”? Do they expect their audience to be wholly ignorant of the fact that Muslims have screamed “Allahu akbar” (Allah is greater) while in the midst of committing literally hundreds, and possibly even thousands, of violent jihad attacks?

Those jihadis went Trump one better, as they were actually committing acts of violence while praising Allah, not just threatening to do so. CAIR, however, has never deigned to take any notice of that, much less to issue indignant press releases demanding that the jihadis stop “hijacking” their religion. (That’s because, of course, it isn’t hijacked at all, and the jihadis are acting in accord with its violent teachings.)

Instead, CAIR reserves its ire for Trump, and with good reason: the more Trump skewers the Islamic foundation of Iran’s belligerence and aggression, the more people will come to realize that all the hogwash they’ve been fed for twenty-five years about Islam being peaceful is actually false. The more they’ll realize that Islam is actually at the center of global conflicts, and that those conflicts will never be resolved as long as that fact is ignored.

In light of that, it’s clear that CAIR and its leftist comrades are enraged at Trump because with his gentle mockery, he is giving away their whole game. It’s hard to keep up a pose of aggrieved victimhood when everyone knows that the religion to which you loudly proclaim your devotion teaches endless war against those who are outside the fold. Trump has caught on. Others will follow.

Read more …

“Our warriors did not fight communism on battlefields across the world, only to have that menace rear its ugly head right back here in America.”

• Why Trump Is Right to Warn Americans About Communism (ET)

Early this month, U.S. President Donald Trump delivered increasingly forceful warnings about what he sees as a growing communist threat within the United States. During what will be his final years in office, Trump appears more determined than ever to defend the principles of American liberty against the influence of Marxist ideas. Employing rhetoric reminiscent of the Cold War, he declared on July 3: “There is now a resurgence of the communist menace in our land.” On Independence Day, the president reinforced his message, stating: “The communist system is the opposite of the American system, and the communist system has never worked.”


“Our warriors did not fight communism on battlefields across the world, only to have that menace rear its ugly head right back here in America. We’re not going to let it happen. It’s like a cancer—you’ve got to cut it out, you’ve got to cut it out fast.”

Predictably, Trump’s remarks were greeted with widespread cynicism by political opponents and media pundits. For decades, establishment intellectuals have dismissed concerns about communism as misguided rhetoric designed only to gin up a public reaction. Some implied that Trump was stoking ideological division and indiscriminately branding progressives, social democrats and advocates of government intervention as communists. Others argued that there is no significant communist movement in America and that the real threat to democracy is the president himself.

Yet dismissing Trump’s warnings would compel us to ignore some of the most important lessons in modern history.

First, communism has the worst human rights record of any political ideology in the world. From the Soviet Union to the Republic of China, Cambodia, North Korea, Cuba, and elsewhere, communist regimes have imprisoned, tortured, and executed millions of their own citizens. Repression of political opponents was not just an unfortunate side effect of the transition to communism; it became an essential feature of regimes that concentrated absolute power in a single party. Recent episodes of political violence in the United States should remind us that revolutionary transformation is not necessarily a peaceful process.

Second, socialist economic systems have consistently failed to produce prosperity. Karl Marx envisioned a society in which the abolition of private ownership would eliminate exploitation and create abundance.The historical record tells a very different story. Central planning repeatedly produced shortages, inefficiency, and stagnation. The Soviet Union eventually collapsed under the weight of its own economic contradictions. Mao Zedong’s Great Leap Forward contributed to one of history’s worst famines. Even today, North Korea remains among the poorest and most isolated countries on Earth.

Third, Marxist ideology is fundamentally incompatible with the liberties guaranteed by the American Constitution. Freedom of speech, freedom of religion, private property, an independent judiciary, and a free press all place limits on state power. Classical communist theory, by contrast, envisions a society in which the state ultimately controls the major institutions of economic and social life. History demonstrates that governments seeking such control rarely tolerate independent churches, schools, universities, newsrooms, enterprises, or political opposition.

Fourth, failed communist ideas are constantly reintroduced wearing attractive new clothes. Few progressives openly advocate establishing a Soviet-style state. But fashionable concepts, such as capitalist exploitation, class struggle, revolutionary transformation, and the unfair division of society between oppressors and oppressed, have enormous influence in American schools and universities. Marxist critical theory should shape intellectual debates in ways that require careful examination rather than automatic assent.

Fifth, experience shows that free societies become most vulnerable when they forget history. As the generation that experienced the Cold War dies away, younger Americans have little knowledge of communist repression. To many students, communism appears to be an interesting philosophical theory rather than a tyranny that governed one-third of humanity throughout the twentieth century.

Read more …

“..42% of Democrats have a positive view of capitalism, while a whopping 66% hold a positive view of socialism.”

• The Return of Socialism and the GOP’s Golden Opportunity (Josh Hammer)

The Democratic Party has come a long way since Bill Clinton was president — and not in a good way.


In 1993, the first year of the Clinton presidency, Sen. Harry Reid (D-Nev.) introduced legislation to end automatic birthright citizenship for the children of illegal aliens; today, Democrats routinely call to abolish Immigration and Customs Enforcement and advocate for illegal alien suffrage. Clinton famously called for abortion to be “safe and legal but rare”; today, Democrats prefer to “shout your abortion” as a perverse badge of honor. On marriage, Clinton signed the Defense of Marriage Act to define the union under federal law as one man and one woman; today, Democrats struggle to even tell us what a woman is, and polyamory now lurks as the next frontier in social experimentation.

But of all the issues where the Democratic Party has moved sharply to the left since the Clinton era, perhaps none is more notable than economic policy. During his 1996 State of the Union address, Clinton famously declared that “the era of big government is over.” And he acted on that impulse too: Clinton signed the most transformative welfare reform law in a generation, deregulated Wall Street, slashed taxes on capital gains, and ended his presidency by presiding over consecutive balanced federal budgets. Clinton was greatly assisted by the dot-com boom and a fiscally conservative Congress, but facts are still facts.

When it comes to economic policy, today’s Democratic Party looks absolutely nothing like its more moderate 1990s-era forebear.

What began as an incipient Barack Obama-era trend toward big government has now, during the post-Joe Biden era, emerged as a strong majority sentiment. A Gallup poll last September found that 42% of Democrats have a positive view of capitalism, while a whopping 66% hold a positive view of socialism. Leading kingmakers in today’s Democratic Party are (literal) Soviet Union-honeymooning communists, like Sen. Bernie Sanders (I-Vt.), or leaders of the Democratic Socialists of America, like Rep. Alexandria Ocasio-Cortez (D-N.Y.). And the singular party top dog right now is New York City Mayor Zohran Mamdani, who is fond of quoting Karl Marx’s “Communist Manifesto,” speaks of the “warmth of collectivism,” and is now implementing city-owned grocery stores across the Big Apple.

That is some serious intellectual whiplash.

Hold aside that communism is the single deadliest ideology in the history of mankind — responsible, historians estimate, for nearly 100 million deaths. Hold aside, as well, that socialism and communism have resulted in horrific resource scarcity and immeasurable immiseration everywhere they have been attempted. At the most basic level, socialism is simply contrary to human nature. Men have a natural right to the fruits of their labor, provided those fruits do not undermine the common good. And it is natural, contrary to the basic tenets of socialism, to value the flourishing of one’s family and tribe over that of the polity — let alone the whole world. As Dennis Prager has often noted, socialism violates two of the 10 Commandments: do not steal, and do not covet.

Republicans are presently confused about what exactly they should run on, as they begin to make their case to the American people before this fall’s midterm elections. Inflation, while dramatically reduced from its catastrophic Biden-era peak, is still stubbornly higher than it ought to be. The Trump administration is, at least for now, unwilling to finish the campaign it launched against Iran. Republicans have a great story to tell on the issue of crime, but they seem uninterested in telling it. The administration has had tremendous success on stanching illegal immigration, but the GOP’s consultant class frets that a focus on immigration would hemorrhage the gains the party has made with Latino voters.

Read more …

“Musk himself warned this would happen after he announced he would no longer vote Democrat.

“Now, watch their dirty tricks campaign against me unfold,” he said in May 2022.

• From Musk to Truth Social: Critics Say Biden SEC Targeted Trump’s Allies (JTN)

On January 14, 2025, just six days before President Donald Trump was sworn in for his second, non-consecutive term, the Securities and Exchange Commission (SEC) filed a lawsuit against billionaire Elon Musk, who was entering the administration with Trump as head of the Department of Government Efficiency (DOGE).


The allegation? Musk violated securities laws when he purchased Twitter in 2022 because he allegedly filed paperwork about the purchase 11 days too late. The investigation into Musk’s purchase began almost as soon as he announced he was buying Twitter, now X, in 2022, which ended Democrats’ stranglehold on free speech on the platform. After the purchase, Musk’s other companies, SpaceX and Tesla, were also investigated by the Department of Justice and Federal Trade Commission. Musk himself warned this would happen after he announced he would no longer vote Democrat.

“Now, watch their dirty tricks campaign against me unfold,” he said in May 2022. The SEC alleged that Musk failed to disclose his stake in Twitter when it surpassed 5% after he purchased stock in early 2022. He disclosed his stake once it reached 9% in April 2022, which the SEC argued allowed the billionaire to underpay for shares by $150 million. Musk eventually purchased Twitter for $44 billion and renamed it X. Earlier this month, it was revealed that a federal judge approved a settlement between Musk and the SEC for $1.5 million, to be paid for by a trust attached to the X owner.

Truth Social: “This inexcusable obstruction”
Musk is not the only political figure to face an SEC investigation. Trump himself has faced the SEC recently – also under the Biden administration – when his Truth Social media platform began a merger with Digital World Acquisition Corp. (DWAC). When the merger was announced, the SEC began investigating, and a federal grand jury in New York issued subpoenas for DWAC’s board of directors, arguably causing the company’s stock price to drop. The merger was slow-walked, alleges Truth Social. “The SEC has stalled its review of our planned merger with DWAC, having failed to act despite DWAC having filed its registration statement more than four months ago,” the company said in a statement in September 2022.

“This inexcusable obstruction, which directly contradicts the SEC’s stated mission, is damaging investors and many others who are simply following the rules and trying to expand a successful business. In light of the obvious conflicts of interest among SEC officials and clear indications of political bias, TMTG is now exploring legal action against the SEC. Despite the increasing weaponization and politicization of government agencies, Truth Social will continue its expansion plans, supported by the unprecedented levels of user engagement on the platform.”

Pattern of SEC hiring under former Clinton CFO raises questions
Republicans pointed to former SEC Chairman Gary Gensler’s hiring of former Democratic operatives to staff the agency, and his former work as CFO for Hillary Clinton’s 2016 campaign, where, according to congressional testimony, he had final approval authority for the campaign’s payments for the discredited Steele Dossier, as evidence the agency was biased against Republicans. Gensler is a former investment banker who served as the chair of the U.S. Securities and Exchange Commission from 2021 to 2025.

“You seem to have a very troubling pattern of hiring, at an impartial regulatory agency, a lot of people who seem to have a vendetta against the former president, and I fear, and I worry that that has implicated itself and affected the policy of the SEC,” then-Sen. J.D. Vance told Gensler at a Senate hearing in 2023. “You can make a pretty good argument that the SEC was using its enforcement powers to silence the chief political rival of the current president,” Vance added. “It looks more and more like not an impartial regulatory body protecting investors and consumers but a regulatory body that is using its power to silence political rivals of the current President of the United States.”

The merger was eventually cleared by the SEC in February 2024, after members of DWAC were charged with insider trading and the company was fined $18 million for allegedly misleading investors. A year later, Trump’s media company merged with a fusion energy company.

Read more …

“The production rollout will likely face nearly impossible technological and security challenges, multiple experts argue..”

Permission from Trump is just one obstacle.

• Why Patriot License Will Be Useless For Ukraine (RT)

President Donald Trump has told Vladimir Zelensky that the US is willing to grant Ukraine a license to produce Patriot missile interceptors – one of the few weapons in Kiev’s foreign-sourced arsenal capable of shooting down state-of-the art Russian missiles. “We’ll give them the right to make Patriots,” Trump said, seated beside Zelensky at the NATO summit in Ankara, Türkiye, on Wednesday. “This way he can’t complain that we’re not giving him enough. I said, ‘Make them yourself,’” Trump added. He called the undertaking complex but voiced hope that Kiev would work it out quickly.


While significant on paper, the pledge sparked a lot of skepticism among defense analysts who pointed to numerous technical, legal, and security hurdles, while dismissing it as a mostly symbolic gesture or even a political trap for Zelensky. Here is why a Patriot license offer seems to be dead in the water.


What regulatory approvals does the license require?
While announcing the offer, Trump admitted he had not yet discussed the plan with Lockheed Martin or RTX – the two main companies that actually build the Patriot system. The defense firms haven’t commented on the issue either. However, even if the companies were wholeheartedly willing to help meet Trump’s pledge, any transfer of Patriot production technology falls under strict US export-control laws and congressional oversight. The Pentagon, State Department, and Ukraine would also have to agree on what exactly Kiev would be permitted to build, where, and under what kind of oversight.

US defense security rules further require any foreign facility handling classified missile technology to have vetted personnel and secure information-handling systems in place before production can begin at all. Ukraine would then need to test-run new lines and train technical crews from scratch – steps that typically stretch the process out over years, not months. According to the US-based magazine Responsible Statecraft, the licensing venture “would create substantial risks to US national security by making it easier for competitors to get access to sensitive information.”

What other countries have Patriot licenses?
Of all US allies and partners across the globe, only two – Germany and Japan – are licensed to produce Patriot missiles, and their example serves as a cautionary tale of the hurdles Ukraine faces.Japan, a highly technologically savvy country, was granted the license in 2005, and it took the country three years to test PAC-3 interceptors, which are produced in cooperation between Mitsubishi Heavy Industries, Raytheon, and Lockheed Martin. Japan currently churns out an estimated 30 missiles a year – an amount widely deemed completely inadequate to meet the standards of full-scale war – and lacks a full production cycle of its own.

Germany’s example is even more telling: the US granted Berlin the Patriot license in 2022 after the escalation of the Ukraine conflict. Four years later, it still has not built a single missile, while factory construction only started in late 2024.

What industrial issues does Patriot production face?
Even if every legal and political hurdle were cleared overnight, the production setup is incredibly difficult. In a post on Facebook, Ukrainian defense expert and economist Oleg Belinsky said that any plans to start production within a few months “crash into the laws of physics and mathematics.” While a license can be signed in a day, building a factory and procuring all of the equipment would take at least five years, billions of dollars in investment, and integration into the US military supply chain, which relies on hundreds of contractors, he said.

The hardest part of the missile, according to Belinsky, is not its electronics but its solid-fuel engine. Dozens of components have to be blended in exact proportions, then vacuum-treated to remove microscopic air bubbles, before being consolidated for weeks under strict temperature and humidity control. The finished charge is then X-rayed for the smallest internal cracks. mIf even a single parameter is off, the missile is scrapped because even a microscopic crack can make the fuel burn too fast and cause the engine to explode on launch. Producing components pure enough to meet that standard requires an entire chemical industry that Ukraine does not currently have, Belinsky said.

Russian military expert Vasily Dandykin echoed the assessment, telling news.ru that Ukraine does not have the necessary resources for production and that the only viable option is to set up production facilities abroad. While noting the difficulty of creating solid-fuel engines, Bloomberg also pointed to challenges linked to building small steering motors, which enable the Patriot interceptor to maneuver effectively in the thin upper atmosphere.

“Production is already constrained by existing supply-chain bottlenecks,” Kelly Grieco, a senior fellow at the Stimson Center, told Bloomberg. “Even if Ukraine builds a production factory, it still needs to build the network of suppliers. That is a significant defense industrial base challenge.”

Is the Patriot license a political ploy by Trump?
The overture of the US president – who has been reluctant to finance Ukraine – to Zelensky looks like a “cruel offer” that “seems interesting, but is less interesting than it seems,” Tiago Andre Lopes, an assistant professor of International Relations at the Law Faculty at Lusiada University, told CNN Portugal. He argued that Trump’s real purpose was to shift blame onto Kiev: if Ukraine fails to produce missiles despite holding the license, Washington can say the Patriot shortfall is Kiev’s fault, not its own. “In six months or a year, when the Ukrainians say they don’t have Patriots, Trump will respond, ‘no, I gave you the license; why aren’t you producing them?’ Lopes said. “From the point of view of altering the status quo in the war in Ukraine, in the short and medium term, this doesn’t change a thing”: “It’s not money, it’s not defensive capacity, it’s not offensive capacity, it doesn’t change anything.” Agostinho Costa, a military expert at CNN Portugal, also noted that the offer in no way heralds a change in the Trump administration’s stance on the Ukraine conflict: “The European Union pays, the US supplies, Ukraine executes.”

How will Russia respond to a Patriot license?
Western military experts in unison argued that even if Ukraine were to somehow weather all technological challenges, any Patriot facility on Ukrainian soil would become a top priority target for Russian strikes the moment it broke ground. Russia has consistently targeted Ukraine’s defense facilities, including a plant producing elements of the Flamingo cruise missiles.

“If I were doing it, I would have the Ukrainians build the factory in Poland,” William Alberque, a senior fellow at the Pacific Forum, told Bloomberg. “Otherwise, it’s going to be a prime target. They’ll never be able to construct it.”.

Read more …

I don’t want to live in acountry where this is the case.

• Muhammad Tops Baby Boys’ Names In England And Wales For Third Straight Year (ZH)

Official Office for National Statistics (ONS) data released today shows Muhammad – including variant spellings – has once again claimed the top spot as the most popular name for newborn boys in England and Wales. This marks the third consecutive year Muhammad has led the boys’ chart, continuing a trend that has drawn significant public attention and debate about demographic changes. The ONS figures for 2025 births confirm Muhammad’s dominant position. In previous years, when spellings are combined, it has frequently outranked traditional English names like Oliver and Noah.


Commentators have linked the sustained popularity to the UK’s growing Muslim population, which now makes up a significant and increasing share of births in many areas. Reform UK MP Rupert Lowe responded strongly to the news, posting: “Muhammad has comfortably topped the list for the most popular boy name for the third year running. You can call me Islamophobic, I really don’t care… This is awful and demonstrates the rapidly changing demographics of our country.”

Lowe, who recently chaired an independent Rape Gang Inquiry Report, has highlighted concerns about integration, cultural shifts, and failures in addressing grooming gangs. His report estimates that at least 250,000 young, mostly white British girls have been victims of systematic abuse by predominantly Pakistani Muslim grooming networks over decades, with institutional cover-ups exacerbating the crisis. The report and Lowe’s comments tie into broader discussions about rapid demographic transformation, with critics arguing that names like Muhammad’s dominance reflect communities that have not fully integrated and, in some cases, parallel issues seen in grooming gang scandals where perpetrators often shared similar names and backgrounds.

While many celebrate Britain’s multiculturalism, others like Lowe warn of parallel societies and strain on social cohesion. The baby name data is often cited alongside grooming gang reports as evidence of deeper cultural challenges.Full ONS rankings for 2025 are expected to provide more context on rising and falling names across both genders.

Read more …

“Poor baby”.

• Are the Walls Closing In On Gavin Newsom? (Matt Margolis)

California Gov. Gavin Newsom (D-Calif.) wants you to believe he’s the victim. Last month, when Newsom announced that the U.S. Department of Justice had him and his wife, Jennifer Siebel Newsom, under criminal investigation, he insisted it was lawfare and that President Donald Trump was just going after him because he’s likely to run for president in 2028. And he’s really trying to play the victim here. He told reporters that “federal agents have knocked on the doors of family, friends, and former employees, not because they found a crime, because they’re simply trying to find one.” He claimed agents were “demanding records” and “abusing the grand jury process.” He did not name a single person involved or specify what records agents actually wanted.


Poor baby.

What he doesn’t want people to know is that the investigations originated in Sacramento and began during the Biden administration, with at least one thread reaching into Jennifer Siebel Newsom’s taxes and the nonprofits she runs. Investigators are reportedly digging into the finances and fundraising of those nonprofits and their ties to companies with business pending before the California government. And boy, does it look like the walls are closing in on him. According to Jessica Van Laar at our sister site RedState, Newsom has lawyered up, and despite claiming to be the victim of lawfare with nothing to hide, he’s been stonewalling the investigation.

His legal affairs secretary filed a sweeping Freedom of Information Act request against the DOJ, on the taxpayer’s dime, and Newsom told a Thursday press conference that he and his wife hired private counsel. However, he wouldn’t name the attorney.

Then there are the tax returns Newsom promised and never delivered. On June 19, his spokeswoman said his office was “working to prepare” his 2021 through 2025 returns “for transparency,” insisting “unlike Donald Trump, the Governor has nothing to hide.” When a reporter pressed him at the press conference, Newsom said, “I already have. I’ve given 20 years of my taxes, yes. I know you love taxes. Donald Trump… when’s he releasing his taxes?” Asked whether he was different from Trump, he answered, “I am, because that’s why I’ve released all my taxes for decades, and you will have all those new tax returns, because I have no reason why you haven’t gotten them already, so I have no problem…”

That’s not quite true.

Newsom has released full returns only for 2017 through 2020, and only because state law required them before he could appear on the 2022 primary ballot. He filed an extension on his 2021 taxes just to limit himself to four years of disclosure. California journalists have asked for more ever since and gotten nothing but the state-required Form 700, which has drawn him multiple fines over omissions. His returns from 2010 through 2016 remain largely undocumented.

Gee, I wonder why. It’s almost as if he’s hiding something. As for the “poor and innocent” people Newsom says agents are harassing, he won’t name them, either. Newsom’s office said in mid-June that he expected subpoenas, adding, “The Governor looks forward to it.” None have arrived yet. But the more Newsom postures for cameras instead of releasing his taxes, the more it looks like a man trying to get ahead of bad news, not one with nothing to hide. Has anyone ever told him that it’s not a good look to act guilty?

Read more …

“Mamdani gets way too big for his britches and sticks his nose into State Department business.”

• Who Made Zohran Mamdani Secretary of State? (Silvio Canto, Jr.)

A senior official in Communist New York City mayor Zohran Mamdani’s administration tried to hold an official meeting with the Iranian regime’s ambassador to the United Nations. Commissioner Ana María Archila, head of the Mayor’s Office for International Affairs, had scheduled the meeting for July 7 at 11 a.m. at 2 United Nations Plaza with Amir-Saeid Iravani, Iran’s permanent representative to the UN.Two other senior officials from the office were also set to attend, according to calendar invitation screenshots reviewed by City Journal and confirmed by multiple sources, including a State Department official.


The meeting was called off only after the U.S. State Department, which had not been informed in advance, stepped in and met with the Mamdani administration to “clarify acceptable conduct,” according to City Journal. Archila reportedly did not even tell Mamdani she had arranged the sit-down. She was later reprimanded and ordered to cancel it. A spokesperson for the Mayor’s Office for International Affairs issued the predictable damage-control statement: “This meeting did not and will not take place.”

Well, we are happy to hear that it will not take place. Nevertheless, how arrogant can the mayor’s staff be? Why try to arrange a meeting with Iran anyway? Is that where their loyalties lie? My guess is that we will see more incidents like this in the future, especially when running New York City proves more difficult on the job than during the campaign. The mayor’s policies are already controversial and it’s only a matter of time before people realize that his election was one giant mistake. There won’t be free buses or “bodegas”!

So the mayor needs to find another audience, especially given the anti-Israel sentiments in his party. Also, he will try to become the voice of the Third World, particularly given his views on illegal immigration. Don’t be surprised if he starts attending “migrant conferences” around the world looking for something to do after failing to do the job he was elected to do. Zohran, citizen of the world? Yes, that’s the goal.

Read more …

“.. and his band of far-left anti-American clowns..”

• Mamdani Inadvertently Hands ICE a Target Map To Catch Illegals (ZH)

Far-left New York City Mayor Zohran Mamdani, who has repeatedly denounced capitalism while promoting a socialist reconstruction of the metro area, sparked uproar this week after releasing a map highlighting 30 migrant enclaves while omitting historic Italian, Irish, and Jewish communities. The map includes areas such as Little Palestine, Little Pakistan, Little Yemen and Little Guyana, but leaves out Little Italy, Irish enclaves including Woodlawn and Sunnyside, and Brooklyn’s heavily Orthodox Jewish Borough Park.

But perhaps the Democratic Socialists of America mayor and his band of far-left anti-American clowns, who spend more time trying to erase and rewrite history in typical Marxist fashion, inadvertently created one of the greatest gifts for President Trump’s Immigration and Customs Enforcement. Ryan James Girdusky of the 1776 Project PAC wrote on X, “This is actually a map of where ICE needs to conduct raids.”

[..]Mamdani’s immigrant map appears less like a celebration of New York’s diversity and more like a Marxist ideology that divides residents into competing identity blocs. Before the socialist takeover of City Hall, there was a simpler civic identity: New Yorkers were New Yorkers.

Read more …

“The comment comes after the New York City Council’s Italian Caucus accused the Mamdani administration of “erasing” Italian-Americans..”

• Mamdani Vows To Update Immigrant Map After Backlash (JTN)

New York City Mayor Zohran Mamdani said Friday he will update a new immigrant community map that failed to include Jewish communities and the iconic Little Italy neighborhood, following backlash over the omission. Mamdani, a Muslin, attributed the omissions to the previous administration and defended the “New York City Immigrant Enclaves” map as not being a definitive list because it identified only 30 immigrant communities across the five boroughs.


“This map was originally created by the prior administration in 2023, and when we inherited it, we added a few additional neighborhoods,” Mamdani, also a democratic-socialist, said at an unrelated press conference. “It’s clearly not an exhaustive list of the more than 200 ethnic enclaves that call our city home,” he continued. “We’re going to be making additional changes in the future to reflect that … including Little Italy.” The comment comes after the New York City Council’s Italian Caucus accused the Mamdani administration of “erasing” Italian-Americans, calling the map “incomplete at best and insulting at worst,” according to the New York Post.

Mamdani’s claim that the map was created by former New York City Mayor Eric Adams’ administration was also inaccurate because it created detailed illustrations for the city’s annual Immigrant Heritage Week, not a map of communities. Criticism of the map also gained traction on social media for also failing to include Jewish and Irish communities, and is part of the city’s Neighborhood Passport campaign tied to the 2026 FIFA World Cup, according to Fox News.

Read more …

“The only way to avoid this issue is to protect the domestic market.”

• Volkswagen Will Slash Half of Models After Losing Market Share to China (CTH)

The European auto industry is a case study on how short-sighted trade policy goals, results in consequences. Previously, German auto companies like Volkswagen entered into trade agreements with China and began manufacturing their vehicles with immediate financial success in the market. However, it did not take long for Chinese auto companies to reverse the engineering and begin to deliver the same quality vehicles at much lower prices.The Chinese then stop purchasing the Volkswagen vehicles and purchase the cheaper version, while simultaneously begin exporting those same vehicles into the home market from where the technology originated. Today, with a double-digit decline in production, Volkswagen announces they will cut almost half of their brands due to diminished sales.


BLOOMBERG – BERLIN — Volkswagen reported weak sales numbers on Friday, a day after the giant German automaker announced plans to slash the number of models by nearly half as sales plunged, particularly in China. The Wolfsburg, Germany-based company said group sales fell 8.6 per cent in the second quarter to just under 2.1 million vehicles, with sales in China alone plummeted by more than one-third. After a board meeting on Thursday, Volkswagen said its “fundamental realignment” over the last three years had reached its next phase, announcing plans to streamline the model lineup by up to half, without providing specifics.

CEO Oliver Blume laid out plans to make VW faster and more competitive through less complexity, focused technologies, better alignment across regional markets and reduction of overcapacities, among other things, citing an “increasingly demanding environment.” Among its main brands, the core Volkswagen unit saw deliveries of slightly over 1 million vehicles in the second quarter, a drop of 14 per cent from a year earlier. Deliveries at Audi declined 8 per cent and those at Porsche fell 18 per cent. (read more)

Maybe Canada will take note, likely they will not. The only way to avoid this issue is to protect the domestic market. As soon as you open your market to this claimed reciprocity (panda face), it will not take long until the mask drops, and you notice the dragon face behind it. https://twitter.com/ryangerritsen/status/2075009373466775732?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2075009373466775732%7Ctwgr%5Ea86f44a2cc6577d04947dce042b0029a16e38855%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Ftheconservativetreehouse.com%2Fblog%2F2026%2F07%2F10%2Fvolkswagen-will-eliminate-almost-half-of-production-brands-after-losing-market-share-to-china%2F

Read more …

A Revolutionary Masterpiece.

“Orson Welles’s film may no longer shock us the way it shocked audiences in 1941—but only because so much of modern cinema learned to speak its language.”

• Citizen Kane at 85: Still Hiding in Plain Sight (Charlton Allen)

After the wildly inventive War of the Worlds broadcast took America by storm, Orson Welles and his merry band of theatrical and radio troubadours landed a movie contract. They came to film armed with the habits of another medium: sound, rhythm, atmosphere, narrative fragmentation, and a showman’s instinct for misdirection. A good friend of mine, who shares my love of classic cinema, recently observed that “Rosebud” is about as subtle as Chekhov’s gun. She is right, of course. It is not exactly hidden in the wallpaper.


But if “Rosebud” is obvious, it is also a little misleading. The mystery of Citizen Kane is not really the mystery of Rosebud. It is the mystery of Kane himself. Kane dies in the opening sequence, whispering that famous word. The film then pivots to a reporter trying to reconstruct him by speaking with the people he left behind. Each person provides a piece of the puzzle, but the pieces never quite fit together. And Citizen Kane is a political allegory as well—one that feels strikingly modern. Kane is a particular American archetype: the political liberal—“liberal” being the film’s own word for him—as media baron, the self-appointed tribune of the people who claims to speak for the common man while reserving to himself the right to tell the common man what to think.

Kane makes the point plainly enough: press barons can move from reporting events to shaping them, from shaping them to distorting them, and from distortion to outright fabrication. What begins as journalism can become manipulation with scarcely a pause in between. Charles Foster Kane’s “Declaration of Principles” is full of high-minded promises, almost ostentatiously altruistic in tone. Yet the tragedy of the film is that Kane spends the rest of his life, knowingly or not, eviscerating nearly every principle he once proclaimed. Voters, readers, friends, wives, and employees all become supporting players in the great production of Charles Foster Kane.

And then there is Welles himself. Yes, we know the trajectory did not continue upward in a straight line. Orson Welles never again quite stood on the same summit he reached with Citizen Kane.But then, what exactly should we expect from a man who had already conquered the two great mass-entertainment mediums of his age before, by today’s standards, he was even old enough to rent a car? Once a man has scaled Olympus twice by twenty-five, it seems a little unreasonable to fault him for never doing so again.

As a member of Generation X, my first sustained exposure to Welles was not as the boy wonder of the Mercury Theatre or the auteur of Kane, but as the older, heavier, and at times besotted figure hawking cheap California wine on television. It was difficult, seeing that version of Welles, to imagine that he had once been a singular titan of American entertainment—an artist of swaggering ambition and transformational confidence. But he was.

Perhaps the mistake is expecting a life to continue rising after such an ascent. Most people are fortunate to produce one work of lasting consequence. Welles produced several before many of his contemporaries had fully found their footing. What came afterward may have been uneven, unfinished, compromised, or misunderstood. None of it diminishes what he had already done. My taste in cinema and art has certainly evolved in the decades since I first saw Citizen Kane, especially since that winter of ’96, and perhaps that is one reason the film struck me differently this time.

It is one thing to encounter it young, when one is mostly aware of its reputation and perhaps dimly aware of its daring. It is another thing to see it again after years of watching more movies, reading more history, and thinking more seriously about politics, myth, memory, and ambition. Now Kane no longer appears merely as “the famous old movie everyone says is great.” It appears for what it is: a masterpiece of American art, and a work whose fingerprints are still all over the culture that followed it.

That, in the end, may be the surest measure of Welles’s achievement. He made a film so radical that later generations can watch it and fail, at first, to notice how radical it was—because the rest of the medium spent the next eighty-five years catching up to it. It is time to give the old film its due, along with the never fully resolved architect of the masterpiece. Cinema owes Orson Welles a debt that can never be repaid. American culture—yes, there is such a thing—does too.

Read more …

 

 

 

 

https://twitter.com/ns123abc/status/2075739020789760078?s=20 https://twitter.com/MorEdge_Insight/status/2075708670675923076?s=20

 

 

 

 

Support the Automatic Earth in wartime with Paypal, Bitcoin and Patreon.

 

 

 

 

 

Debt Rattle May 3 2026

May 032026
 
 May 3, 2026  Posted by at 10:09 am Finance Tagged with: , , , , , , , , , , , ,  24 Responses »


Rembrandt van Rijn The standard bearer 1636


• Trump: ‘We Cannot Let Lunatics Have a Nuclear Weapon’ (Robert Spencer)
• Sen. John Kennedy Sums Up the Iranian Regime’s Current Predicament (Lower)
• Hope for America (Ron Paul)
• Trump Jokes US Will Be ‘Taking Over’ Cuba After Iran Conflict (JTN)
• The Greatest Salesman: Zelensky Promotes His Favorite Weapons Company (RT)
• Georgia, South Carolina Won’t Postpone Voting to Review Redistricting (CTH)
• Republicans to Best Democrats in Mid-Decade Redistricting War (Josh Hammer)
• Pressure Campaign to Get Scott Jennings Booted From CNN (Matt Margolis)
• Watch the Look on Gavin Newsom’s Face As Bill Maher Torches His Insanity (Doug P.)
• Trump Says Medicare Will Soon Cover Weight-Loss Drugs (ET)
• Trump Targets Merz in Geopolitical Maneuver (CTH)
• Pope Leo XIV Names Former Illegal Immigrant As New Bishop (JTN)

 


 

https://twitter.com/triffic_stuff_/status/2050239340664512879?s=20 https://twitter.com/warDaniel47/status/2050161519254548669?s=20 https://twitter.com/Real_RobN/status/2050265533988360556?s=20 https://twitter.com/Real_RobN/status/2050268785089871912?s=20

 


 


Easy enough. You may not agree, but that’s not the same thing.

• Trump: ‘We Cannot Let Lunatics Have a Nuclear Weapon’ (Robert Spencer)

On Saturday, President Donald Trump revealed the startling news that he is awaiting the precise details of a peace proposal from the leaders of the Islamic Republic of Iran, whoever exactly they may be. “They told me,” Trump said, “about the concept of the deal. They’re going to give me the exact wording now.” This is odd on its face, as it is ordinarily the winning side that dictates the terms of the peace, but of course the people who are reaching out to Trump aren’t dictating anything; they’re just hoping to survive the present conflict with the Islamic Republic still in power.


That would be a victory in itself, for the fanatical ideologues in Tehran only need time to regroup and resume their jihad. They also need to settle the question of who exactly is in charge, for, as Trump noted, they are currently “having a hard time figuring out who their leader is.” However, the Islamic Republic will remain the Islamic Republic until it is overthrown, however and whenever that might happen. The idea that the mullahs will abandon their jihad once and for all as a result of the reversals they have suffered in this conflict is based on a fundamental misunderstanding of their beliefs, and of what the Islamic Republic is all about.

Trump, however, made it clear that it would take the Islamic Republic a great deal of time to rebuild. “We’re doing very well with regard to Iran,” he said. “Again, they want to make a deal. They are decimated.” He explained that “if we left right now, it would take them 20 years to rebuild. But we’re not leaving right now. We’re going to do it so nobody has to go back in two years or five years.”

All this followed his remarks on Friday, in which he made it clear that he was not intending to give an inch: “We cannot let lunatics have a nuclear weapon,” Trump said. He explained that the war was necessary to achieve this objective, and that the economic downside hadn’t been as bad as he had expected it would be: “I thought the numbers would be much worse. I thought the stock market would go down much more. I thought the oil prices would go up much more. I said, ‘But we have no choice. Whether it does or doesn’t, I have to do what’s right.’ We can’t let them have a nuclear weapon.”

In his Friday remarks, Trump also painted a picture of the Iranian regime in dire straits: “They’re getting decimated. They have no Navy. They have no air force, they have no anti-aircraft equipment. They have no radar. They have no leaders. Their leaders are all gone.”

Nonetheless, the Islamic Republic still remains in power, and as long as that remains true, no terms they send to the president for a peace settlement will be worth the paper they’re printed on. When a regime is made up of true believers and based on a fanatically held ideology, it is not going to compromise, no matter how difficult its circumstances become. There was no chance during World War II, even when it became abundantly clear that National Socialist Germany was certain to lose the war, that moderate National Socialists would supplant Hitler and negotiate a peace agreement. For the National Socialists, it was always a fight to the death.

And so it is today for the mullahs. Mojtaba Khamenei, the alleged supreme leader who still has not been seen since he became the Islamic Republic’s top dog, may or may not even be alive, and may or may not be in charge of the government. The Islamic Revolutionary Guard Corps, its hands red with the blood of tens of thousands of Iranians who dared to protest against the regime, may indeed be the functional new government, determined to rule through terror inside the country and to spread it internationally as much as they possibly can. Or there could be, or could emerge, some other leader altogether.

Whatever the case may be, until the leader of Iran announces that the Islamic Republic is no more, any American president would be foolish to accept, or to trust, and peace offer from Tehran. Deception is at the heart of this regime’s philosophy, as is the divine mission, as the Iranian leadership sees it, to destroy Israel and America. Trump is right to be determined to deny the “lunatics” a nuclear weapon. If he follows through on that determination, the conflict will continue.

Read more …

“We “have Iran by the ying-yang,”

“.. if they shut down their wells – as they may have to – because of the low pressure, they’ll never get them started again.”

• Sen. John Kennedy Sums Up the Iranian Regime’s Current Predicament (Lower)

Never fail, when you are craving some funny video to lighten the national mood – especially during a weekend break, and in the middle of so much uncertainty- you can look to Louisiana Senator John Kennedy (R), who is awesome at finding the perfect phrase to tickle everyone that is unique – just like him. That was certainly the case this week, when he was asked about where he thinks the current situation stands with ending the conflict with Iran. I’ll swing back to that shortly. As RedState previously wrote, the U.S, has put quite a squeeze on Iran over the past two or three weeks, with the U.S. blockade of the Strait of Hormuz slowing the Iranian government’s ability to sell its lifesblood – oil – to a standstill.


We have also managed to stymie them financially, with Treasury Secretary Scott Bessent and his department putting the Iran regime in a vise grip, as my colleague Nick Arama wrote. And as we wrote late last week, Bessent laid out the facts on the banking front, in answer to the despairing propaganda of Iranian Parliament Speaker, Mohammad Bagher Ghalibaf, while USCENTCOM estimated the blockage effort had drained a jaw-dropping “$6 billion-plus” from Iran’s coffers. Now, we are hearing the most current estimate, with the Pentagon telling Axios Friday that since the U.S. blockade began, that staggering amount of wealth the regime has lost stands at just about $5 billion (again, that’s with a “B”).

“The Defense Department estimates Iran has been denied nearly $5 billion in oil revenue because of the U.S. blockade in the Gulf of Oman, causing unprecedented pressure on Tehran’s government [….]

Zoom in: Since the blockade began April 13, the U.S. military has redirected more than 40 vessels that have tried to pass through the blockade by carrying oil and other contraband, Pentagon officials say.
• In total, 31 tankers laden with 53 million barrels of Iranian oil are “stuck in the Gulf” and have a value of at least $4.8 billion. Two ships have been seized by the U.S.
• Unable to fill oil in new tankers as on-land storage facilities reach capacity, Iran has begun to use older tankers as floating storage.
• Some tankers are taking “a costlier and longer route to deliver oil to China for fear of U.S. maritime interdiction,” officials said.

Back to that fun clip of the sage, John Kennedy. In a recent appearance on Fox News’ “Hannity” program, he talked about the success President Trump and the U.S. military have had to this point, saying in his unique way that the Iranian regime has run out of moves on the metaphorical chessboard. We “have Iran by the ying-yang,” Sen. Kennedy said. But he didn’t stop there. He then brought the receipts: “There’s nothing going in, and there’s nothing coming out. The only source of revenue that Iran has is the sale of oil, and they can’t sell a drop.

“They have to continue producing because if they shut down their wells – as they may have to – because of the low pressure, they’ll never get them started again.” The senator said “another two to three weeks” of the blockade will force the Supreme Leader and the Revolutionary Guard “to have an epiphany, and be born again “. He also dismissed naysayers in the media who claim that the U.S. getting a hold of Iran’s fissile [nuke-building] materials needs to happen before claiming victory; Sen. Kennedy said he disagreed with anyone who said a regime change needs to take place first. And he said those yard sticks aren’t accurate—all indications, he said, prove that the United States “has [already] won.”

Trump said late on Friday we got a new offer from Iran, so we will see where things go next.

Read more …

And then Trump says: ‘We Cannot Let Lunatics Have a Nuclear Weapon’

• Hope for America (Ron Paul)

Last weekend my Institute for Peace and Prosperity hosted another conference here on the Texas Gulf Coast. Not only did we have a full house attending the conference – which is in a way the most important thing – but in this era of profound disappointment and disillusionment, we struck a note of optimism thankfully due to our wonderful line-up of speakers. The main topic of the conference, titled “War is Back on the Menu,” was of course the disastrous decision by the Trump Administration to launch an unprovoked war against Iran – both last June and again on February 28th.


Professor Robert Pape from the University of Chicago offered a compelling blueprint to break free of some of the neocon chains that bind us to the Middle East to our own detriment. Let the states in the region manage their own security, he argued. It is not our job to be their policemen. Very importantly, we were fortunate to have had as speakers two individuals who stood up for their principles when putting them aside for expediency – and personal gain – would have been so much easier.

Former US Representative Marjorie Taylor Greene was, in her own words, “a General in the MAGA Army.” She dedicated her life and plenty of her own money to the cause of electing Donald Trump because she believed he would put America first, as he had promised. She watched that cause betrayed, first with the President’s support for tyrannical central bank digital currency and then with his refusal to release the Epstein files. Finally, she explained, after he had dubbed her a “traitor” for disagreeing with him on these issues, constant death threats forced her to resign her seat in the House.

She could have gone along to get along – as most do in Congress. Instead, she stood up for what was right. Likewise Joe Kent, who was serving as director of Counterterrorism at the Office of National Intelligence, could have kept quiet as he watched another war being launched on a mountain of lies pushed by special interests. He was a highly decorated US combat veteran who held a Senate-confirmed position in the Administration.That would have been a golden ticket to any number of future profitable opportunities if he “played his cards right.” Instead, he did what was right. He resigned, writing in a statement that the war was not justified and that it was being fought for Israeli rather than American interests.

As could be predicted, Joe suffered the same demonization that Marjorie suffered for standing up for his values and principles. Their courage in making this sacrifice for truth should inspire all of us. It should give us hope. My words of encouragement were simple: we don’t need a majority to change things. A purposeful minority dedicated to the principles of peace and liberty can move mountains. We must stay strong and, importantly, stick together and work together across all party and ideological lines. We must be the big coalition that refuses to sacrifice our principles just as Joe and Marjorie refused to sacrifice theirs.

We will be in Dulles, VA, on Labor Day weekend for our tenth annual DC conference. Mark your calendars and be a part of our movement!
Read more …

Little Marco.

• Trump Jokes US Will Be ‘Taking Over’ Cuba After Iran Conflict (JTN)

President Donald Trump jokingly claimed Friday night that the United States will be “taking over” Cuba in the near future and hinted that it could be after the conflict with Iran is resolved. The president made the comment when recognizing attendees at a Florida event in West Palm Beach. The guests included former Rep. Dan Mica.”He comes from, originally, a place called Cuba, which we will be taking over almost immediately,” Trump said of Mica. “Cuba’s got problems. We’ll finish one first. I like to finish a job.”The president then jokingly suggested that the takeover could happen as some U.S. warships return from the Middle East.


“On the way back from Iran, we’ll have one of our big — maybe the USS Abraham Lincoln aircraft carrier — the biggest in the world,” he said. “We’ll have that come in, stop about 100 yards offshore, and they’ll say, ‘Thank you very much, we give up.’” The comments come after Trump signed an executive order imposing new sanctions on individuals and entities linked to Cuba, citing concerns regarding threats to U.S. national security and foreign policy. The president has also teased in the past that Cuba could be “next,” after the U.S. successfully carried out a military operation to retrieve former Venezuelan President Nicolás Maduro from his country to stand trial in the United States.

Read more …

“Sitting on top of the rubble will be Zelensky, his cabal, with begging bowls in one hand, a movie script and a sales pitch in the other.”

• The Greatest Salesman: Zelensky Promotes His Favorite Weapons Company (RT)

Ukrainian leader Vladimir Zelensky, whom US President Donald Trump once heralded as ”the greatest salesman on Earth,” promoted his bag-man’s weapons company at the centre of new revelations of corruption, on multiple trips abroad, signing deals that have enriched his close associates even as they attempted to hide their de facto ownership of the company. Reported transcripts of surveillance recordings of Zelensky’s longtime former business partner Timur Mindich – known as “Zelensky’s wallet” in Kiev – reveal him to be the de facto owner of the Fire Point weapons company and in constant conversation with former defense minister and Zelensky insider Rustem Umerov to secure contracts with Kiev’s backers and inflate its value.


Fire Point co-owner Denis Shtilerman has consistently denied the company’s ties to Mindich and dismissed the recordings as a slander campaign aimed at “damaging the reputation of one of Ukraine’s most effective weapons producers.” Zelensky, though, with his ability to secure billions from foreign governments – the EU has just backed a €90 billion package for Kiev dressed as a “loan” – has promoted the company at home and abroad as a cutting-edge technology player central to the conflict with Russia, likely in full knowledge that he would eventually be lining his own pockets.

How often has Zelensky promoted Fire Point
Zelensky lauded Fire Point on most of his 130-plus trips since 2022, first as an opportunity for partnerships with European firms and later as a cost-effective solution against Iranian drones in the Middle East. In recent weeks Zelensky has touted what he grandly announced as a “European joint security system” to smiles and applause at meetings across Germany, France and Norway, promoting Fire Point’s largely untested missiles as a “new patriot” – a reference to the in-demand and highly expensive US batteries. But his weapons grade con-trick goes back further and deeper than that.

The ‘most successful weapon’
Just days after the Associated Press published the first photo of the Flamingo in August 2025, Zelensky described it as “by far the most successful missile in Ukraine’s arsenal.” There are no recorded cases of the weapon having been used in combat by then. He added that it would be mass-produced by February. Then-Defense Minister Denis Shmygal hailed the Flamingo as “a very powerful” weapon capable of striking deep inside Russia.

Crowdfunded in EU, cashed in Ukraine
In October 2025, Zelensky presented Fire Point as one of Ukraine’s top drone makers at the International Defense Industries Forum in Kiev, which was attended by Dutch Prime Minister Dick Schoof. “By the end of the year, no less than 50% of the weapons at the front must be Ukrainian-made, and this task must be accomplished,” Zelensky said. A month later a Czech crowdfunding campaign donated approximately $760,000 to the company, which was by then courting hundreds of millions in investment from the UAE-based weapons group EDGE. In April the Ukrainian anti-monopoly Committee blocked the deal.

Transcripts suggest Umerov and Mindich believed that each Fire Point shareholder would cash out some $300 million on the back of the EDGE deal and other European contracts, which would value the company at some $2.7 billion. The crowdfunded cash is not mentioned but the transcript lists Mindich saying 50% of the money received from public defense contracts should be taken as cash out.

Rocket fuel and special terms in Denmark
In 2025, Denmark announced plans to host a Fire Point rocket fuel production plant in Vojens, southern Jutland, near the Skrydstrup Air Base. Copenhagen rushed through special legislation forbidding any local, social or environmental opposition to the proposed plant, judging it to be in the national interest. In September 2024 and June 2025, Umerov as Ukrainian Minister of Defense, met with his Danish counterpart to finalise protocols, knowing Fire Point was beneficially owned by Zelensky’s close confidant Mindich and not by the former movie location scout Egor Skalyga, listed as Fire Point’s CEO and minority shareholder. Zelensky personally met with Danish Prime Minister Mette Frederiksen multiple times in early 2025 to finalize the “co-production” strategy and former US Secretary of State Mike Pompeo was brought onto the board of the Danish company.

Zelensky closes deals for his “wallet”
During Zelensky’s visit to Madrid in March 2026, Fire Point signed a cooperation agreement with Spanish defense giant Sener, which produces components for the IRIS-T missile used by Ukraine. “We are deeply grateful to President Zelensky for showing interest in our capabilities and for recognizing the value of Sener’s contribution to Ukraine’s air defense,” Sener President Andres Sendagorta said at the time. Fire Point signed a similar deal with German defense company Diehl during Zelensky’s trip to Berlin in March. Diehl manufactures several anti-air missile systems, including IRIS-T.The transcripts reveal that Umerov told Mindich of incoming contracts worth several billion dollars.

Shtilerman, the company face that has denied the businessman known as “Zelensky’s wallet” owned Fire Point, suggested that Ukraine could serve as a testing ground for European missile defense systems and proposed a project called Freya, which would integrate Fire Point’s technology into a joint European ballistic missile defense framework.

Oil money from the Gulf
The US-Israeli war with Iran provided Ukraine with an opportunity to market interceptor drones to Gulf states hosting American bases as a cheaper alternative to air defense systems such as the US-made Patriot. In March Zelensky proposed using Ukraine’s “fire points” to unblock the Strait of Hormuz. On April 23, Zelensky announced that Ukraine had signed a drone deal with Saudi Arabia, Qatar, and the UAE. “We want to help them defend themselves and will continue to foster partnerships with other countries,” Zelensky said, adding that Ukraine could share its defense technology with the US.

When did Zelensky welcome the first use of Fire Point?
In February, the Ukrainian military began reporting the use of the Flamingo in combat, which Zelensky later highlighted at international events. Speaking at a press conference with Norwegian Prime Minister Jonas Gahr Store in Kiev, he claimed the missile had struck a weapons factory in Russia’s Udmurtia region. “I believe this is a real achievement for your industry,” Zelensky said, adding that the strike demonstrated “the high quality and accuracy” of the weapon. Zelensky also discussed the missile at the Munich Security Conference the same month, where he met with European officials, including German Chancellor Friedrich Merz. Speaking to reporters on the sidelines, he acknowledged that Russia had destroyed “a large production line” but said Flamingo production would continue.

What is the bottom line?
Zelensky and his backers have played a convenient role for Western war hawks and hoodwinked them at the same time. The West’s pro-war cabal have been willing to accept massive graft as an inevitable consequence of pouring billions into the most corrupt country in Europe to fuel a proxy war that will cost Ukraine lost generations.

Sitting on top of the rubble, will be Zelensky, his cabal, with begging bowls in one hand, a movie script and a sales pitch in the other.

Read more …

Now it’s about time.

• Georgia, South Carolina Won’t Postpone Voting to Review Redistricting (CTH)

It has been said by many the reason the leftists on the Supreme Court delayed their minority dissent was in order to stall the high court ruling that would have given states an opportunity to redistrict prior to the 2026 primary voting. There is no data that disputes this assertion.Today Tennessee Governor Bill Lee announced he is calling the state legislature into special session to review the congressional districts in light of the Supreme Court ruling that dispatched ‘racially motivated’ district boundaries. However, Georgia and South Carolina will not review districts. Georgia has already begun early voting, which gives Governor Brian Kemp justification to avoid redistricting for an election scheduled for May 19th.


GEORGIA – […] Kemp made it clear that he will not be a part of that push this cycle but praised the court’s ruling. “The Supreme Court’s decision Louisiana v. Callais restores fairness to our redistricting process and allows states to pass electoral maps that reflect the will of the voters, not the will of federal judges,” Kemp said Friday. “Voting is already underway for the 2026 elections,” he added, meaning changes to the maps would not be possible this year. (read more)

SOUTH CAROLINA – […] Republican leaders in the South Carolina General Assembly say redistricting isn’t going to happen this year. House Majority Leader Davey Hiott, R-Pickens, told reporters the lower chamber wouldn’t redraw South Carolina’s congressional map this year. Senate Majority Leader Shane Massey, R-Edgefield, also said redistricting this year would be “unlikely.” Georgia has been a target for the Democrats for several election cycles. The Chicago machine targeted Georgia some time ago, with Fulton County representing the epicenter of the effort. Meanwhile, South Carolina is DeceptiCon central. The network that binds both states together is the AME Church.

Those who follow elections closely understand the compact between Chicago (Obama Inc.) and South Carolina Congressman, James Clyburn. This partnership was responsible for using Joe Biden as the 2020 vehicle, and this partnered alliance subsequently was responsible for the plan to elevate Ketanji Brown Jackson to the Supreme Court. Clyburn’s electoral control, which extends directly into Georgia comes from the Emanuel AME Church network, that provides the poll workers who count the physical votes. In all of the precincts that matter, AME generates the poll workers. The poll workers control the vote outcomes.

Drawing districts that no longer take race into the equation is against the interests of Democrats, the AME network, James Clyburn and Barack Obama. Thus, it will be very challenging for those two states specifically to redistrict while the non-black state representatives and governors are worried about being called racist. While it may not be politically comfortable to stop pretending around the issue, the fact remains that racially ideological poll workers essentially have the majority of control over the key precinct voting systems. The AME Church is well represented, and almost all of the poll workers are black; this is not coincidental.

[GEORGIA] When Fulton County Fanni Willis wanted to defend herself publicly, she used the pulpits at AME Church’s. [South Carolina] When Democrats wanted to change their presidential primary contests, they wanted South Carolina to be the first state that votes, again using the AME poll workers. In 2020 President Obama brought the Black Lives Matter movement and James Clyburn brought the AME Church network. This partnership resulted in Joe Biden selected as their choice for the Democrat nominee, and together Obama and Clyburn chose Kamala Harris as the VP nominee; Biden had no say in the matter.

The collaboration resulted in an effective system of Democrat control. Donor funding like Mark Zuckerberg provided the revenue stream to indulge and reward the poll workers. ActBlue is part of this system. The money is laundered through various activist groups until it ends up in the hands of the poll workers.The AME Church network operates vote control operations through their poll workers in several states and key regions within them. Ballot harvesting, mail in voting and direct election vote counting is controlled through the operation.

There are a lot of states involved, however, elections in South Carolina and Georgia are specifically controlled within this operation due to their proximity to the AME command HQ.Lastly, political leaders in both states are well aware of this issue and the fear of racism keeps them from doing anything about it.

Read more …

“The “gerry” in “gerrymandering” refers to Elbridge Gerry, who served in the First Congress and eventually as James Madison’s vice president..”

• Republicans to Best Democrats in Mid-Decade Redistricting War (Josh Hammer)

For almost a year now, America’s two parties have been engaged in a mass congressional redistricting battle royale.


The fun kicked off in Texas last July, when Gov. Greg Abbott, following President Donald Trump’s urging, first pushed the Texas Legislature to redistrict the Lone Star State’s congressional maps in a pro-Republican direction. Missouri and North Carolina soon followed, prompting California Gov. Gavin Newsom to get in on the action: Golden State voters approved the use of a new map at the ballot box last November. On April 21, Virginia voters narrowly approved a new congressional map that heavily favors Democrats. This week, Florida responded with a Gov. Ron DeSantis-led redistricting that heavily favors Republicans. In the interim, some other states, such as Ohio and Utah, redistricted for nonvoluntary reasons such as litigation or statutory requirement.

And other states, such as Indiana, famously defied Trump and refused to voluntarily redraw their maps. One might be inclined to ask who started this latest bout of mass, iterative gerrymandering. It’s true that Texas, an iconic red state, drew first blood last July — although the U.S. Supreme Court didn’t finally permit Texas’s new maps to go into effect until a summary order earlier this week. What’s more, Texas’s new GOP-heavy map will likely provide Republicans less of a lopsided partisan advantage in its congressional delegation than will California’s own new map for the Golden State’s regnant Democratic Party. Republicans also claim Democrats have been the more blatant systemic gerrymanderers for decades — an assertion buttressed by even a cursory glance at bright-blue Illinois’ hilariously delineated congressional map.

The reality is that both parties have gerrymandered their respective controlled states for a very long time. That is a tedious and uninteresting observation. The more interesting and pressing question, as this rare mid-decade redistricting war nears its end, is this: Looking at the aggregate nationwide redistricting efforts, which party will come out on top in advance of the midterm elections this November? Democrats had a projected one-seat partisan advantage according to the website Ballotpedia, as of Thursday. But there are multiple reasons why this is likely to change. It appears the big victor will be the GOP.

First, this tally does not account for Florida’s redistricted map, which just passed through a special session of the Florida Legislature on Wednesday and has not yet (as of this writing) been signed into law by DeSantis. That alone will likely net the GOP four additional seats. Second, Virginia’s controversial ballot referendum redistricting measure, which was just approved by Old Dominion voters by a much narrower margin than that by which Virginians swept Democrats back into power last November, is facing serious legal challenges. Most recently, on Wednesday, the Virginia Supreme Court left in place a lower-court order blocking the commonwealth’s certification of the referendum results. If Gov. Abigail Spanberger’s new map is tossed out, Democrats will likely be out an additional four seats.

Finally, there is the landmark redistricting case that the U.S. Supreme Court just decided this week. In Louisiana v. Callais, the court held that Section 2 of the Voting Rights Act of 1965, which prohibits states and localities from imposing any voting “qualification or prerequisite” that “results in a denial or abridgement of the right of any citizen … to vote on account of race or color,” cannot be invoked to create race-conscious congressional maps — a dubious practice lawmakers had been blithely engaging in for decades. The court correctly held that such race-conscious mapmaking, including the devising of so-called majority-minority districts across many Southern states, runs afoul of the 14th Amendment’s sweeping equal protection guarantee.

Bright-red Louisiana, which was party to the Callais case, already suspended its upcoming primaries to give its legislature enough time to draw new congressional maps. In addition, many other safe Democratic “majority-minority” seats across the broader South are now extremely vulnerable. These Southern states can either redistrict of their own accord to comply with the Supreme Court’s new ruling, or they will be forced to do so through offensive litigation. Either way, the era of race-conscious mapmaking is now over. This is first and foremost a victory for the colorblind U.S. Constitution. But it will also benefit the GOP before November’s midterms — in Louisiana and likely beyond.

Our redistricting battles tend to rile up passions on all sides. But it’s a practice as old as the republic: The “gerry” in “gerrymandering” refers to Elbridge Gerry, who served in the First Congress and eventually as James Madison’s vice president. If one disapproves of how his state draws its maps, there is always the political check of the ballot box. And if that fails, he can always vote with his feet and leave. In fact, that’s already happening en masse: from blue states to red states. And for Democrats, that’s a trend not even the most aggressive gerrymandering can possibly alleviate.

Read more …

Larry Ellison will own CNN soon. Who will stay?

• Pressure Campaign to Get Scott Jennings Booted From CNN (Matt Margolis)

Scott Jennings might be the best thing to ever happen to CNN. That’s not hyperbole. Without him, most of us would have stopped clicking on clips from the network a long time ago. He’s one of the rare voices on that channel who actually makes it worth watching — which is exactly why the left wants him gone. The calls to fire him have been building for a while. Back in 2025, MSNBC’s Lawrence O’Donnell singled Jennings out in a monologue, accusing CNN of paying “a Trump supporter to lie on CNN every day and night for Donald Trump.” So the groundwork was already laid. Now they have what they think is their opening.


On Thursday, Jennings got into a heated on-air exchange with Adam Mockler, a 23-year-old reporter and YouTuber with the leftist MeidasTouch network. The two were debating the unpopularity of the Iraq war when Mockler brought up Jennings’ service in the George W. Bush administration during the Iraq war, accusing him of supporting an “endless war.” Things got tense fast — both men talked over each other, hands were gesturing near faces — and Jennings told Mockler, “Get your f***ing hand out of my face, first of all.”

I seem to recall the left fawning over Joe Biden whenever he cursed… But, Scott Jennings? They want blood. Jim Acosta climbed out of the hole he currently occupies to demand that CNN fire Jennings. “At any other network, in any other era of television news, uttering an impromptu F-bomb would be a fireable offense,” Acosta claimed. He also claimed that Jennings was a “hothead” during their days working together, and made sure to note that Mockler is “almost a kid” and “a nice one,” concluding that “Jennings should be fired.”

Political commentator Keith Boykin piled on, too. “I’ve been on the air with Scott many times over the years,” Boykin wrote, reminding everyone that when he was under contract with CNN, contributors were called “brand ambassadors,” before asking pointedly, “Is this the brand?” The implication being, of course, that dropping an f-bomb is worse than anything CNN’s liberal voices have ever done on air. Sure.

Meanwhile, Mockler, after a fresh diaper change, posted a YouTube video following the segment in which he accused Jennings of deliberately provoking conflict and routinely picking on guests, while apparently lacking the toughness to take criticism in return. Really? The same guy who goes on CNN every day, with leftists constantly outnumbering him, and demolishes them without breaking a sweat, lacks the toughness to take criticism? That’s cute.

Here’s the thing about the left’s sudden commitment to broadcast decorum: it evaporates the moment one of their own is in the hot seat. Jimmy Kimmel joked about Melania Trump becoming an “expectant widow” — a thinly-veiled reference to President Donald Trump being assassinated — just days before a shooting at the White House Correspondents’ Dinner. The left’s response? Defense, deflection, and accusations of fascism are lobbed at anyone who dares to suggest Kimmel face consequences.

So let’s be honest about what’s happening here. The left’s “outrage” over Jennings’ f-bomb isn’t about standards or decency. They’ve wanted him off their network for years, so they’re seizing an opportunity to try to get Jennings booted. It’s not the first time, and likely won’t be the last.

Read more …

“I mean the train! Gavin, you got to get rid of the train!”

“I say this as a friend, you got to let that train go! Let the train go.”

“It’s up to $231 billion.”

• Watch the Look on Gavin Newsom’s Face As Bill Maher Torches His Insanity (Doug P.)

California Gov. Gavin Newsom clearly has his sights set on the Democrat presidential nomination in 2028, but as he found out during an appearance on Bill Maher’s show, he might have a hard time spinning his style of “leadership.” Newsom was just trying to sell his book, but Maher had other plans. Newsom didn’t seem to know what he was walking into and he most certainly didn’t arrive at the studio on any high speed train.

Here’s the rest of the post, via @overton_news:

MAHER: “The other side, what they are going to say though is, but have you seen the stats from California?”

NEWSOM: “Good! One of the largest economies. Let’s go!”

MAHER: “Well… are they going to say good about gas prices?”

“Are they going to say good about how high their rents are?”

“So many people live…I mean there’s a whole litany.”

“I mean the train! Gavin, you got to get rid of the train!”

“I say this as a friend, you got to let that train go! Let the train go.”

“It’s up to $231 billion.”

OUCH!

The moment what’s left of Newsom’s soul left his body:

It’s sad that Bill Maher goes in way tougher on Newsom than most “journalists” ever will.

Things just kept getting more awkward for Gavin:

https://twitter.com/EricLDaugh/status/2050542406844444840

Yeah, he wants to be Trump so bad but just can’t say it (or do it for that matter). Maybe we should call him Temu Trump. Newsom also got called out over his draconian lunacy during COVID and tried to pretend that too much wasn’t known about the virus at the time (apparently Newsom thought that a guy alone on a paddleboard might spread the disease to fish, or something).

https://twitter.com/TheyCallMeNans/status/2050421455892935087 https://twitter.com/WEdwarda/status/2050429049365754257

Gavin also told Maher he “took on Ron DeSantis” but didn’t point out that he got smoked in that debate, poop map and all.

Read more …

Anything better than healthy food.

• Trump Says Medicare Will Soon Cover Weight-Loss Drugs (ET)

President Donald Trump announced on May 1 that Medicare patients will soon be able to obtain coverage for weight-loss drugs for $50 per month. Speaking at an event in Florida, Trump said the coverage for the weight-loss and diabetes medications will begin in July, referencing drugs that contain semaglutide, a GLP-1 receptor agonist. “Today, I’m thrilled to announce that starting on July 1, we will also provide Medicare patients with the coverage for weight-loss drugs like Ozempic, Zepbound, Wegovy. Will be available for $50 a month,” he said.“So if it was $1,300, now it’s $50. And the $1,300 doesn’t cover a whole month. So it’s really even more than that. So it’s now down to $50.”


In December, the Centers for Medicare & Medicaid Services (CMS) announced a voluntary model known as Better Approaches to Lifestyle and Nutrition for Comprehensive Health to expand access to GLP-1 medications for weight management and metabolic health, allowing Medicare Part D plans and state Medicaid agencies to cover the drugs while negotiating lower prices. The model, which would enable CMS to negotiate directly with pharmaceutical companies for lower prices and standard terms of coverage, was initially expected to launch in January 2027, but officials said in April it would be delayed “pending further evaluation and data collection.”

CMS said in April that it would extend its bridge program, a short-term solution to provide eligible Medicare Part D beneficiaries with access to certain GLP-1 drugs, until December 2027 b Part D refers to the prescription drug benefit run by private insurers approved by Medicare. CMS stated on its website that the bridge program would “operate outside of the Medicare Part D benefit’s coverage and payment flow.”

Meanwhile, drugmaker Novo Nordisk announced in February that it would lower the list prices, or wholesale acquisition costs, of Wegovy and Ozempic to $675 respectively, starting Jan. 1, 2027. According to Novo Nordisk, semaglutide is the active ingredient in both Ozempic and Wegovy, and both are considered GLP-1s, or glucagon-like peptides. These hormones are produced naturally within the body and regulate blood sugar and suppress appetite. GLP-1s are typically used in the treatment of Type 2 diabetes and obesity.

In addition to GLP-1s, Ozempic and Wegovy contain FDA-approved medicines with indications for adults with Type 2 diabetes, obesity, chronic kidney disease, and co-morbid cardiovascular disease. “Lowering the list price of Wegovy and Ozempic is the best approach to address the unprecedented opportunity to help more than 100 million people living with obesity, and over 35 million people with Type 2 diabetes in the United States,” Jamey Millar, Novo Nordisk executive vice president of U.S. operations, said in the statement.

Read more …

“The German industrial economy is the heart of the EU economy, and President Trump is now hitting them both right where it hurts.”

• Trump Targets Merz in Geopolitical Maneuver (CTH)

Keep in mind the background issue of Germany supplying Ukraine with weapons and material to keep fighting Russia, while the Merz administration triggers policy to force increased German military troop levels. Facing crushingly high increases in energy costs, last Monday in Marsberg, German Chancellor Friedrich Merz criticized the U.S. approach to Iran, saying Washington was being “humiliated by the Iranian leadership” and demanding the conflict end “as quickly as possible.”


Germany is facing a perfect storm of economic consequences following their decision to chase the climate change agenda (Build Back Better) and eliminate their coal and nuclear power plants. Combine the German/EU policy to stop purchasing cheap LNG and oil from Russia, in addition to skyrocketing energy costs from oil/gas flows from the Middle East, and the outcome is rising manufacturing costs leading to massive layoffs. The German industrial economy is the heart of the EU economy, and President Trump is now hitting them both right where it hurts.

Today two announcements hit an already vulnerable Germany directly. The first is: “The Secretary of War has ordered the withdrawal of approximately 5,000 troops from Germany,” chief Pentagon spokesman Sean Parnell told Fox News Digital. “This decision follows a thorough review of the Department’s force posture in Europe and is in recognition of theater requirements and conditions on the ground.” {source}The second announcement is even more brutal for Chancellor Merz:

While the EU auto tariffs do not mention Germany specifically, it is the German auto industry (BMW, Volkswagen, Mercedes, Porsche, Audi) that will be impacted the most. A 25% tariff on German vehicles destined to the USA will severely hurt the German auto industry. This is a massive hit to their already weakened position. Chancellor Friedrich Merz is already facing serious political issues within Germany as the economy continues to contract. The political opposition parties are on the rise and Merz is in a very precarious position. President Trump is exploiting this vulnerability by apply further economic pressure on Germany.

One of the outcomes of this pressure in combination with the internal friction Merz is facing, will be a demand by the German people to stop providing support for Ukraine and focus time, effort and energy on getting the structural economy back on solid footing. This can have an ancillary benefit to President Trump as he seeks to have Ukraine come to the negotiating table with Russia to end the conflict. There are multiple facets within this geopolitical positioning, and it is worth watching it play out closely.

Read more …

You try and tell me this has nothing to do with the church not likng Trump. “Church leaders backing the appointment argue that Menjivar-Ayala’s lived experience brings valuable perspective to his new role, particularly due to current immigration issues ..”

• Pope Leo XIV Names Former Illegal Immigrant As New Bishop (JTN)

A prominent Roman Catholic diocese is defending the decision made by Pope Leo XIV to appoint a new bishop who is a former illegal immigrant. The pope selected Bishop Evelio Menjivar-Ayala to lead the Diocese of Wheeling-Charleston, a role overseeing the Catholic community across West Virginia. “Any insinuation that the Holy Father made this or any other appointment in any way to increase vitriol or insinuate that it gets back at the president of the United States is absurd,” a Wheeling diocese spokesperson said, according to Fox News. As a teenager fleeing violence in El Salvador during the country’s civil conflict, Menjivar-Ayala made multiple attempts to reach the U.S. before eventually crossing the border hidden in the trunk of a car near San Ysidro, California.


In recent years, he has been outspoken against stricter enforcement measures, describing them as matters of human dignity and human rights. He has also directly responded to criticism from some Catholic figures aligned with tougher immigration policies, including officials within the Trump administration. Church leaders backing the appointment argue that Menjivar-Ayala’s lived experience brings valuable perspective to his new role, particularly at a time when immigration remains one of the most divisive issues in society currently.

Read more …

 

 

 

 

https://twitter.com/VigilantFox/status/2050293964247335318?s=20 https://twitter.com/JoshHall2024/status/2050381377254613239?s=20

 

 

 

 

Support the Automatic Earth in wartime with Paypal, Bitcoin and Patreon.

 

 

 

 

 

Debt Rattle September 1 2025

Sep 012025
 
 September 1, 2025  Posted by at 9:40 am Finance Tagged with: , , , , , , , ,  59 Responses »


Elaine de Kooning Fairfield Porter #1 1954

 

• Are the End Times Upon Us? (Paul Craig Robets)
• Europe Could ‘Die Out’ – Musk (RT)
• Zelensky Threatens ‘New Deep Strikes’ Into Russia (RT)
• European ‘War Party’ Hindering Ukraine Peace Process – Kremlin (RT)
• Germany Gives Up On Idea Of Sending Troops To Ukraine – Bild (RT)
• The Assassination of One of The Founders Of Zelensky’s Ukraine (Romanenko)
• Someone Killed Victoria Nulands’ Former 2014 Maidan Point of Contact (CTH)
• EU Elites Hijacked Moldova’s Independence (Ibragimov)
• French PM Admits Debt Will Devastate Next Generation (RT)
• Germany Blocks EU Sanctions On Israel (RT)
• Germany Reveals Most Popular Names Among Welfare Recipients (RT)
• Lisa Cook and the Fed’s Mission Creep Into Wokeness (Gasparino)
• Gavin Newsom Comes for Sen. Kennedy in Crime Debate (RS)
• Newsom Is Copying Trump So He Can Run for President (Margolis)
• Intel Chiefs Behind Russiagate Should Be Arrested – Trump (RT)
• Trump Says He Will Issue Executive Order to Require Voter ID (ET)

 

 

https://twitter.com/GuntherEagleman/status/1961963545593061825

https://twitter.com/DD_Geopolitics/status/1962186488298537147

Moon

$2B
https://twitter.com/mcafeenew/status/1961921378354909588

 

 

CDC

Gates

Ladapo

 

 

 

 

A bit over the top, perhaps?

• Are the End Times Upon Us? (Paul Craig Robets)

A 23 year old transgender freak fired into a church killing two children and wounding many. The concern expressed by Jacob Frey, mayor of Minneapolis? “The shooting should not be an excuse for people to direct hate at our trans community.” The unexamined question is why did random shootings of strangers appear for the first time in 1966? There was no such thing in the 1930s, 1940s, and 1950s. At Georgia Tech students had guns in their dorm rooms and fraternity houses. At UVa students had guns and whiskey in their dorm rooms. No one was shot. Today guns are prohibited on campuses, and there are constant shootings that have spread to work places, shopping malls, and churches.

Clearly, something has changed to cause behavior, which my generation never would have considered, to become increasingly common. What is the cause? Is it the endless number of vaccinations? The antidepressants needed? My generation did not have the vaccinations and antidepressants and did not need them. Is it the distancing from God caused by endless liberal attacks on Christianity? Is it the milieu of hatred created by endless denunciations? Is it the lack of restraint and self-control that modern child raising produces? It doesn’t help to understand what has happened to blame guns. Karl Marx would scoff at the reification of inanimate objects by liberals. As long as causes, such as gun control, use the shootings for their agenda, we will not obtain insight into what has produced a 23 year old person who can fire away at children in a church.

The replacement of moral and responsible behavior with irrational murder for no visible purpose desperately needs explanation. Has Satan taken over, thereby removing morality as a constraint on imperfect humans? This is an interesting question. Is it a question of pills, vaccinations, broken homes, the 2nd Amendment, or any other stock explanation, or are we, weakened as we are by the decline in religious belief, faced with the triumph of evil over good? Watching the world’s indifference to the Israeli extermination of the Palestinian people, has Satan decided that now is his time? Has Satan made a good decision? Is there any moral strength anywhere in the world capable of resisting Evil? Where is the effort to abolish nuclear weapons which can abolish Earth? Is the traditional alliance of Israel with Satan taking us into The End Times?

Read more …

“The replacement fertility rate is generally set at 2.1 children per woman [..] ..this level may be insufficient, pointing to a long-term survival threshold closer to 2.7 children per woman.

• Europe Could ‘Die Out’ – Musk (RT)

Europe could “die out” unless it fixes its demographic problems by boosting birth rates, tech billionaire Elon Musk has warned. In a post on X on Saturday, Musk was responding to statistics from Scotland showing 34% more deaths than births in the first half of 2025. “Unless the birth rate at least gets back to replacement rate, Europe will die out,” he wrote, referring to the average number of children needed per couple for a population to replace itself. The replacement fertility rate is generally set at 2.1 children per woman, accounting for child mortality and near-equal gender ratios at birth. Recent studies, however, suggest that this level may be insufficient, pointing to a long-term survival threshold closer to 2.7 children per woman.

According to the UK’s Office for National Statistics, the fertility rate in England and Wales fell to 1.4 in 2024, while Scotland’s stood at 1.3 – both far below replacement levels. In the EU, fertility has been declining for years, reaching a record low of 1.4 live births per woman in 2023. Musk, a vocal advocate for higher birth rates who has fathered at least 14 children and donated millions to fertility research, has often raised the alarm over the demographic decline in Europe. His warnings, however, extend beyond Europe. Musk has cited global demographic data, claiming that civilization “is going to crumble” unless birth rates rise. He previously argued that population collapse due to low fertility “is a much bigger risk to civilization” than climate change.

Worldwide, fertility has been falling for over 50 years. UN data shows it stood at around 2.2 births per woman in 2024, down from 5 in the 1970s and 3.3 in the 1990s. Only 45% of countries and areas – home to roughly a third of the global population – reported fertility levels at or above 2.1 last year. Just 13% had fertility rates of 4.0 or higher, mainly in sub-Saharan Africa, Afghanistan, Sudan, and Yemen. Falling birth rates and population decline have also become a pressing issue for Russia, with Rosstat recording just 1.2 million births in 2024 – the lowest since 1999 – reflecting a fertility rate of 1.4.

Read more …

“Ukraine has long turned into a testing ground for Western weapons. There are more than enough examples.”

• Zelensky Threatens ‘New Deep Strikes’ Into Russia (RT)

Ukrainian leader Vladimir Zelensky has threatened new strikes into Russia, days after claiming that Kiev possessed a brand-new long-range missile capable of reaching Moscow. Zelensky wrote on Telegram that he had been briefed by Ukraine’s commander-in-chief, Aleksandr Syrsky, on the current battlefield situation. “We will continue our active actions exactly as needed to protect Ukraine. Forces and means are prepared. New deep strikes have also been planned,” he said on Sunday, without providing further details. Earlier this month, Zelensky claimed Ukraine had developed the long-range Flamingo missile with a reported range of 3,000 kilometers – which would be enough to reach not only Moscow but also Russian cities beyond the Ural mountains. The Ukrainian leader, however, said that mass production is not expected for the next several months.

British media outlets cast doubts on whether the Flamingo was developed in Ukraine, noting similarities with the FP-5 cruise missile produced by the UK-based Milanion Group and unveiled at an arms expo in Abu Dhabi this year. The UK has also been supportive of Kiev’s long-range strikes, having provided it with Storm Shadow missiles in the past. Russian Foreign Ministry spokeswoman Maria Zakharova noted that there is “nothing surprising” in the similarities, adding that “Ukraine has long turned into a testing ground for Western weapons. There are more than enough examples.” On Friday, the Kyiv Independent also reported that Ukraine’s National Anti-Corruption Bureau has launched an investigation into Fire Point, the defense firm linked to the development of the Flamingo missile, after reports it misled the government on pricing and deliveries.

Earlier this month the Wall Street Journal reported that the US had blocked Ukraine from carrying out strikes deep inside Russian territory. Throughout the conflict, some of Kiev’s Western backers have been wary of authorizing unrestricted strikes into Russia using Western-supplied weapons, citing concerns over escalation with Moscow. Ukraine has regularly carried out long-range attacks inside Russia, which Moscow says frequently hit civilian areas and critical infrastructure. Russia has retaliated with strikes on Ukrainian military-related facilities and defense enterprises but maintains that it never targets civilians.

Read more …

“..in stark contrast to the approach pursued” by Trump and Russian President Vladimir Putin.”

• European ‘War Party’ Hindering Ukraine Peace Process – Kremlin (RT)

The European “war party” is trying to sabotage the diplomatic process launched by the US and Russia to end the Ukraine conflict, Kremlin spokesman Dmitry Peskov has said. He added that this approach contradicts the efforts of US President Donald Trump. UK Prime Minister Keir Starmer and French President Emmanuel Macron have for months floated the idea of sending a joint military contingent to Ukraine in a so-called peacekeeping capacity if Kiev and Moscow reach a truce or peace deal. Moscow has strongly opposed the presence of NATO troops in Ukraine in any role. On Sunday, Peskov said the stance of the “European war party” is “in stark contrast to the approach pursued” by Trump and Russian President Vladimir Putin.

“The Europeans are hindering the [peace] efforts,” as part of their strategy to “contain” Russia, the Kremlin spokesperson told journalists. He added that certain NATO member states have been encouraging Ukraine to refuse to negotiate with Russia in good faith – a strategy that “will do no good to the Kiev regime.” “Russia is still ready to settle the [conflict] by political-diplomatic means,” Peskov said, but Kiev has to show reciprocity for the hostilities to end. Last weekend, Russian Foreign Minister Sergey Lavrov argued that European nations “don’t want peace” in Ukraine, citing their reaction to the Putin-Trump summit in Alaska earlier this month.

Last week, speaking to reporters after a follow-up meeting between the US president and Ukraine’s Vladimir Zelensky, as well as several European leaders at the White House, Macron insisted that Europe “will need to help Ukraine with boots on the ground.” Germany, Italy, Poland, Spain, Romania, and Croatia have ruled out taking part in the mission. On Tuesday, the Wall Street Journal reported that a significant proportion of the EU population is “opposed to any deployment that places troops in harm’s way.”

Read more …

“..Trump’s stance put a halt to Berlin’s discussions about deployment “until further notice.”

• Germany Gives Up On Idea Of Sending Troops To Ukraine – Bild (RT)

Berlin has shelved plans to possibly deploy German soldiers to Ukraine in the event of a ceasefire, Bild reported on Sunday, citing government sources. German Chancellor Friedrich Merz had earlier signaled openness to Berlin joining a possible peacekeeping mission in Ukraine. The idea had been floated by the so-called “coalition of the willing” – a group of Western states pushing for continued aid to Kiev. The group has proposed deploying NATO troops to monitor a potential future ceasefire with Russia as part of security guarantees for Ukraine, despite Moscow’s consistent rejection of any Western military presence in Ukraine under any guise. Trump, however, said last week that American troops would not be deployed to Ukraine, insisting that the EU should “front load” security guarantees for Kiev, not the US, including with regard to peacekeepers.

According to Bild, Trump’s stance put a halt to Berlin’s discussions about deployment “until further notice.” Sources told the outlet the idea could return “should Trump take action” or once Moscow and Kiev reach a settlement. In an interview with ZDF on Sunday, Merz confirmed the U-turn, saying “nobody is talking about ground troops at this point” and indicating discussions could resume once a ceasefire is in place. Instead, Germany reportedly plans to provide financial security guarantees to Ukraine. Sources claimed Berlin intends for the Bundeswehr to continue training Ukrainian soldiers, expand weapons production in Ukraine with German arms firms, and potentially cover part of Ukrainian soldiers’ salaries after a ceasefire to ensure Kiev maintains sufficient forces.

Kiev has demanded security guarantees from Western backers as a precondition for a peace deal. Moscow has not ruled out such guarantees in principle but rejects efforts made without its participation. It has also opposed any Western troop presence in Ukraine, stressing that NATO’s expansion toward its borders was one of the key causes of the conflict. Russian Foreign Ministry spokeswoman Maria Zakharova said on Friday that guarantees must be the result of a settlement, not a precondition, and must take into account Russia’s security. She added that any deal should ensure Ukraine’s demilitarization, denazification, neutral and non-nuclear status, and recognition of territorial realities.

Read more …

“He knew the true sponsors and curators. He knew which political figures, which structures, which financial backers prepared and paid for the bloody upheaval.”

• The Assassination of One of The Founders Of Zelensky’s Ukraine (Romanenko)

All of Ukraine’s political elite will loudly point to Moscow as the hand behind the murder of former parliamentary speaker Andrey Parubiy. They will cry out in public that Russia is to blame, repeating the same narrative of the “Russian trace.” But in private, they all know the truth: it was his own people that came for him.

The idea that Parubiy was eliminated by the authorities themselves, while sounding outrageous to some, is a version that carries weight, even if many prefer not to believe it. Why? Because Parubiy was one of the few men in Ukraine who truly knew how to build a Maidan. He had organized the barricades in 2014, commanded the Maidan “self-defense,” and knew every method of bringing people into the streets and holding them there against state power. His reputation came from exactly this talent. And in today’s Ukraine, the possibility of another Maidan is very real. For those in power, such a possibility is dangerous, and removing the man who could light the match makes a grim kind of sense.

But there is another explanation, one far darker and one in which almost everyone believes, even if few Ukrainians will say so out loud. Parubiy carried too many secrets – and in Ukraine, secrets can be fatal. He knew far too much about the real shooters on the Maidan in February 2014. As “commandant,” he oversaw the units who guarded the square, and he was positioned to see what others could not. He knew what really happened when the snipers opened fire, when the bloodbath claimed lives and forced Yanukovich to flee. He knew names, structures, and the chain of command. That knowledge made him dangerous.

He also knew the truth about Odessa, May 2, 2014 – the day the Trade Union House went up in flames and dozens of anti-Maidan activists died. International monitors called it a massacre, but the state buried accountability. Parubiy, as head of the National Security and Defense Council at the time, was in the middle of it all. He saw who gave the orders, who turned away, who allowed the fire to consume the building. Those responsible never faced justice, and Parubiy carried the story inside his head. He knew the full picture of the early days in Donbass, when provocations, manipulations, and engineered violence pushed Ukraine into a war against its own people. He knew the true sponsors and curators. He knew which political figures, which structures, which financial backers prepared and paid for the bloody upheaval. All of this knowledge made him a threat not to Russia, but to those much closer: the networks who had built their power in those years and who now sit on fragile foundations.

For them, Parubiy, – a close ally of former President Pyotr Poroshenko, beaten by Vladimir Zelensky in 2019 – was no longer an asset. He was a liability. And in the brutal logic of power, liabilities are erased. This is why his assassination looks less like an act of foreign aggression and more like an act of internal housecleaning. It was a calculated decision to tidy up loose ends, to remove a man who could, at any moment, destabilize the whole system by speaking truths that were never meant to surface. His silence was demanded, and silence was achieved.

Read more …

“Andriy Parubiy knew a lot about western intelligence operations in Ukraine. Andriy Parubiy is dead now. Volodymyr Zelenskyy knows a lot about western intelligence operations in Ukraine.”

• Someone Killed Victoria Nulands’ Former 2014 Maidan Point of Contact (CTH)

Previously Chairman, now serving as a member of the Ukrainian Parliament, Andriy Parubiy was shot several times with a short-barreled firearm, police said. Parubiy died on the spot. The perpetrator, who fled the scene and has not yet been identified, was “thoroughly prepared” according to local authorities. Andriy Parubiy was the primary Ukrainian political activist during Victoria Nuland’s organized Maidan revolution. In common parlance, this assassination might be considered throwing a bag over a potential risk. Remember, CNN is to the State Dept as the Washington Post is to the CIA.

(VIA CNN) – […] Parubiy participated in 2004’s Orange Revolution, where hundreds of thousands of Ukrainians joined in peaceful protest following disputed elections. He was also a prominent figure in the Maidan Revolution, a movement which began in November 2013 after then-President Viktor Yanukovych refused to sign a trade pact with the European Union that had been years in the making, opting instead for closer ties with neighboring Russia. During the revolution, which lasted three months, Parubiy was the head of an enormous tent city established by thousands of protesters in Kyiv’s central Independence Square, known as the Maidan.

He was later the secretary of Ukraine’s National Security and Defense Council during 2014. In 2019, Parubiy signed a bill to make the use of the Ukrainian language mandatory in certain public sectors, calling it a “historic day.” Long ago, the opposition elements in eastern Ukraine labeled Parubiy a ‘nazi’ and accused him of working in collaboration with U.S. intelligence (CIA).

Andriy Parubiy knew a lot about western intelligence operations in Ukraine. Andriy Parubiy is dead now. Volodymyr Zelenskyy knows a lot about western intelligence operations in Ukraine.

Read more …

“..it was the Moldovan diaspora in Western Europe that tipped the balance. Meanwhile, hundreds of thousands of Moldovans living in Russia were effectively sidelined..”

• EU Elites Hijacked Moldova’s Independence (Ibragimov)

On August 27, Chisinau turned into a stage for a geopolitical spectacle. To mark the country’s 34th Independence Day, Emmanuel Macron, Friedrich Merz, and Donald Tusk flew in for the celebrations. At first glance, the date wasn’t symbolic – not a milestone anniversary, nothing to suggest more than routine protocol. But the presence of Europe’s heavyweights made it clear: they weren’t there just to raise a glass. Their message was unmistakable – Moldova’s path must remain firmly European, and the door to Moscow must stay shut. The timing was no accident either. In less than a month, Moldovans will vote in parliamentary elections that could decide whether the ruling party manages to hold onto power.

That’s why the visit was less about congratulating the country and more about sending a signal: Brussels stands squarely behind Maia Sandu’s government and is determined to keep a tight grip on the direction of Moldova’s foreign policy. The speeches in Chisinau read less like polite congratulations and more like marching orders. Macron spoke of “friendship, solidarity, and confidence in our shared future.” Tusk declared that “Europe will be stronger with Moldova” and praised the country’s “values and resilience.” Merz, for his part, assured the crowd that “Germany, France, and Poland stand with a free and European Moldova.” Translated from diplomatic niceties, the message was blunt: Brussels sees Moldova as part of its buffer zone – and it’s prepared to squeeze until any attempt to restore ties with Russia becomes political suicide.

All of this is happening against the backdrop of a decisive vote. On September 28, Moldovans head to the polls in parliamentary elections that could reshape the country’s politics for years. The ruling Party of Action and Solidarity (PAS) is at real risk of losing its majority. That’s why Independence Day was staged as a dress rehearsal for the campaign: photo ops with European leaders, warnings about “hybrid threats,” and promises of support from Brussels. The goal was clear – to lock the country into a narrative of “Europe or chaos,” leaving no room for pragmatic recalibration or any attempt at balancing ties with Moscow.

Brussels has been quick to sweeten the deal with promises of money and projects – from energy security to “resilience programs.” The sums and instruments are already being touted publicly. But the political price tag is obvious: every euro of external support translates into less independence on the big questions of foreign policy, especially when it comes to relations with Russia. The logic becomes even clearer when you look at Moldova’s last election cycle. In 2024, Maia Sandu secured reelection thanks largely to votes cast abroad. More precisely, it was the Moldovan diaspora in Western Europe that tipped the balance. Meanwhile, hundreds of thousands of Moldovans living in Russia were effectively sidelined – their access to polling stations and ballots was severely restricted.

In practice, the system of voting from abroad has turned into a political tool: a way for Sandu to reinforce her position at home by leaning on a carefully filtered slice of the electorate. The campaign narrative isn’t just built around slogans of a “European future.” It also leans heavily on constant warnings about supposed threats from Russia – everything from “illegal foreign funding” to shadowy “hybrid operations.” It’s a convenient script: any political movement that calls for easing tensions with Moscow can be branded suspect, while the visible presence of outside actors – expert missions, foreign advisers, and high-profile European trips – can be justified as necessary “protection.” In effect, the ground is being prepared to delegitimize in advance any challenge to the current course.

Read more …

He’s up for a confidence vote in a week. That works like a truth serum.

• French PM Admits Debt Will Devastate Next Generation (RT)

France has saddled the younger generations with debts they’ll be paying off their entire lives, French Prime Minister Francois Bayrou has said. Paris continuously borrows in the interest of “boomers” and “certain political parties,” he added. On Monday, Bayrou said he urged President Emmanuel Macron to reconvene parliament by September 8 for a confidence vote to gauge support for his €43.8 billion ($50.9 billion) austerity measures plan. The prime minister has long sounded the alarm over the country’s spiraling budget deficit, which hit 5.8% of GDP last year – almost double the EU 3% ceiling. The primary victims of the government debt will be the “youngest French people,” Bayrou said in an interview with French broadcaster TF1 on Wednesday.

“They’re the victims; they’re the ones who will have to pay the debt for the rest of their lives,” he said, adding that Paris is trying to convince them that more borrowing is needed. “All this for the comfort of certain political parties and for the comfort of the so-called boomers.” His proposals to battle France’s $3.98 billion government debt have included scrapping public holidays, slashing public sector jobs, as well as welfare and pensions cuts. The program has been criticized by left-wing parties, who have accused Paris of prioritizing military spending over social welfare. Macron has promised to increase France’s military budget to €64 billion by 2027, citing external threats.

Paris has warned of a potential war scenario within the next five years, naming Russia as one of the principal threats – claims which Moscow has dismissed. Bayrou’s proposed budget has not been well received by the French public, polls suggest. While most French people agree with the prime minister’s alarmism about the national debt, 76% believe his budget will not help, and 82% see it as socially unfair, according to an Elabe survey from Tuesday. Around 81% want a new prime minister to be elected, and 67% called for Macron’s resignation, according to Elabe’s poll. Nearly three-quarters say they want Bayrou to fail in the vote on September 8, which is to be his ninth no-confidence motion.

Read more …

“.. the bloc has not imposed “a single measure” against Israel, contrasting it with the bloc’s unity in sanctioning Russia..”

• Germany Blocks EU Sanctions On Israel (RT)

Germany has blocked the European Commission’s latest proposal to sanction Israel over the war in Gaza, Foreign Minister Johann Wadephul has said. Israel has faced growing backlash over its conduct in the conflict, accused of allowing almost no aid into the enclave. Several Western states have announced plans to recognize a Palestinian state, and in some cases, scale back military and trade cooperation with Israel. The European Commission last week proposed suspending Israel’s participation in the Horizon Europe research program, cutting off funding for Israeli start-ups in drone technology, cybersecurity, and AI. This was intended to pressure Israel to improve humanitarian aid deliveries, according to a draft resolution.

Speaking to reporters on the sidelines of an EU meeting in Copenhagen on Saturday, Wadephul said Germany rejected the plan, as it was “not convinced” that curbing Israel’s access to EU research funds would influence its military action. Instead, he noted that Berlin has already restricted the delivery of weapons that can be used in Gaza, suggesting Brussels should focus on similar steps. “I believe this is a very targeted measure, one that is very important and very necessary,” he said. EU foreign policy chief Kaja Kallas acknowledged on Saturday that the bloc is divided on the issue, and that she is “not very optimistic” that ministers will reach an agreement soon, even though it does not require full unanimity. She added that some states want stronger economic pressure.

Denmark, which holds the EU’s rotating presidency, recently signaled support for tougher sanctions, such as suspending trade with Israel. Spanish Foreign Minister Jose Manuel Albares and his Slovenian counterpart, Tanja Fajon, have condemned the EU’s inaction over Gaza. Fajon told Bloomberg this week that the bloc has not imposed “a single measure” against Israel, contrasting it with the bloc’s unity in sanctioning Russia over the Ukraine conflict. The Gaza conflict began in 2023 when Hamas militants attacked Israel, killing around 1,200 people and taking more than 250 hostages. Since then, Israeli forces have killed more than 61,000 people in the enclave. A UN-backed panel earlier this month declared that there is a famine in northern Gaza, with over half a million people on the brink of starvation.

Read more …

We know in advance.

• Germany Reveals Most Popular Names Among Welfare Recipients (RT)

‘Mohammed’ and ‘Ahmad’ are among the most common names of welfare recipients in Germany, according to newly revised figures released by the federal government. ‘Olena’, a Ukrainian variant of Helen, is the only female name in the top ten. Germany’s unemployment rate reached 6.4% in August, with the total number of jobless people exceeding 3 million for the first time in a decade. According to Federal Employment Agency data, 5.42 million people were receiving welfare benefits at the end of 2024 – of which 48% were foreigners, compared to 19.6% in 2010. The right-wing Alternative for Germany (AfD) party had requested information on the most common first names of recipients to support its argument about the failure of integration.

In June, the Labor Ministry replied that the leading names were ‘Michael’, ‘Andreas’, and ‘Thomas’, followed by ‘Daniel’, ‘Olena’, and ‘Alexander’ – prompting media ridicule of the AfD. However, the initial list did not combine different spellings of names, such as ‘Thomas’ and ‘Tomas’, ‘Mohammed’ and ‘Mohamed’, listing them separately. The revised data placed ‘Mohammed’ – spread across 19 spellings – in first place with nearly 40,000 entries, followed by ‘Michael’ with around 24,600 and ‘Ahmad’ with more than 20,600. ‘Olena’ remained the only female name among the top ten, with around 14,200 entries. Germany is the EU’s top migrant destination and the world’s third-largest refugee-hosting country, according to UN data.

Under former Chancellor Angela Merkel’s open-border policies, more than a million people arrived from Syria, Afghanistan, and Iraq during the 2015 migrant influx. In recent years, the country has granted temporary protection to 1.2 million Ukrainians and received 334,000 asylum applications in 2023, nearly a third of the EU total. The migrant crisis has strained housing, public services and finances, contributing to the rise of the AfD, which has recently led national polls as Germany’s most popular political party. The AfD came in second in February’s federal election with 152 seats in the 630-seat Bundestag, but was excluded from coalition talks. Germany’s domestic intelligence agency (BfV) has designated the AfD a “confirmed extremist entity.” While that classification was temporarily suspended, senior officials have continued to seek legal grounds to pursue a formal ban of the party.

Read more …

“Go back a few years to her messy confirmation battle and you will see how Cook is anything but apolitical.”

• Lisa Cook and the Fed’s Mission Creep Into Wokeness (Gasparino)

Fed Governor Lisa Cook is standing up to Donald Trump, suing to keep her job because she says the president is trumping up a scandal and she’s fighting for Fed independence. Trump has called for Cook’s head for allegedly committing mortgage fraud by signing documents that she had two primary residences. We should let the courts decide that one. But Cook’s notion that she’s standing up for the sanctity of the Fed should be taken with a grain of salt. The Fed has long been distracted by side hustles to its “dual mandate” of price stability within the context of maximum employment. It’s far from an apolitical agency. Even more, Cook’s own appointment by Joe Biden in 2022 is an example of how politics, particularly of the left-wing variety, has been infused into the Fed’s plumbing. In getting rid of Cook, you can make the case that Trump — in his own messy way — is righting the ship.

The markets may be signaling this — despite media talking heads and those of some Fed watchers exploding over Trump’s latest alleged apostasy. The establishment commentariat is arguing that not being able to fire Fed Chair Jerome Powell or even Cook except for some on-the-job crime, aka cause — is why people keep buying our debt. The nation’s central bank created by Congress to manage the money supply doesn’t report to the president. It’s not subject to his political whims to juice economic growth at the expense of “King Dollar.” OK, all good points. But stocks and bond yields have barely budged. The stated reasons in a recent Wall Street Journal piece: Traders believe Trump will appoint seasoned pros to fill the jobs of both Cook and his main Fed nemesis, Powell. Yes, but my sources provide a more prescient analysis of the market’s insouciance: Trump is merely putting his MAGA stamp on the independence charade.

Many big investors are unfazed by Trump’s power grab because for years the Fed has been straying from its mandate — constantly intervening in the economy by playing with the money supply when it isn’t needed and most recently becoming woke. Lisa Cook’s nomination in 2022, subsequent confirmation by the then Democrat-controlled and woke-obsessed Senate is part of the proof. Don’t believe me? Here’s what Larry Summers, Bill Clinton s former treasury secretary, former Harvard president and one of the most important economic minds on monetary policy said in 2021 about the Fed’s mission-creep: “We have a generation of central bankers who are defining themselves by their wokeness. They’re defining themselves by how socially concerned they are. They re defining themselves how concerned they are about the environment… business ethics.

In 2022, the Fed developed a Diversity, Equity, and Inclusion Strategic Plan to reflect the Federal Reserve Boar’s strategic initiative on diversity, equity, and inclusion, which is a shared responsibility of all Board employees. Now tell me exactly how DEI, which the Supreme Court says is discriminatory and common sense tells you erodes the nation’s meritocracy, helps the Fed figure out if it’s stoking inflation as it did just a few years ago during Joe Biden’s reign of error? Or maybe I should be directing that question to Lisa Cook. Her lawyer argued Friday before a federal judge that her firing by Trump is “unprecedented and illegal” in that it exceeds the president’s authority over an independent, nonpolitical agency. Go back a few years to her messy confirmation battle and you will see how Cook is anything but apolitical.

Yes, she has a Ph.D. in econ, from Berkeley no less, and was a longtime academic. She is the first African-American woman to serve as a Fed governor, which should be celebrated. But during the hearings we discovered that her areas of interest in economics, based on her publishing record, are dominated by stuff like how lynchings hindered the economic growth of black Americans. There is a place for such research at the university — though you gotta ask yourself why we need an economist to explain something so fundamentally obvious. Look into Cook’s résumé and you see this is an economist who seems more obsessed with being a social-justice warrior than weighing the vicissitudes of M2 and how it impacts price stability.

Read more …

“..he’s put the funk into dysfunction.”

• Gavin Newsom Comes for Sen. Kennedy in Crime Debate (RS)

One of the tactics Gavin Newsom has used over the last several weeks to try and get the upper hand in the crime debate is using misleading and, in some cases, false crime data impressions in an attempt to make the case that red states have bigger crime issues than California, while proclaiming crime in California’s biggest blue cities is allegedly down by double digits. A frequent target for Newsom and his Baghdad Bob School of Communications graduates has been Louisiana, not just because it’s a red state but also because it’s home to House Speaker Mike Johnson (R-LA). In a recent interview with left-wing YouTuber Brian Tyler Cohen, for instance, Newsom said, “I think [President Trump] should start with Shreveport, Louisiana, and Speaker Johnson’s district, that has six-plus times the per capita murder rate of Nancy Pelosi’s San Francisco. What about the carnage, Mr. President, in Shreveport? Why aren’t you protecting the folks there?”

As usual, however, Newsom – and his handlers – were way off the mark. The vast majority of Shreveport is in Rep. Cleo Fields’ district. He’s a Democrat. As we’ve also reported, Sen John Kennedy (R-LA) has had a lot to say about Newsom’s seeming “conversion” to crimefighter, something Kennedy instinctively understands has everything to do with the Trump Effect, where Newsom has been shamed at the national level by the POTUS into taking action. “Now you don’t have to be a senior at Caltech to know that [Newsom’s law enforcement surge is] in response to the Trump administration’s threat to send in federal law enforcement officials,” Kennedy stated Friday during a Fox News segment. “But look, I’ll take it, if that’s what it takes to get Gov. Newsom to stop being a princess, I’ll take that, too.”

Newsom, in turn, filed a hurt feelings report over being called a princess, responding to a tweet from Kennedy by claiming without evidence that, “We’ve been doing this work for years. Perhaps you should take a page out of our book. Your state’s homicide rate is 380% higher than California’s.” Naturally, Kennedy – who has previously referred to Newsom as a “weenie” – has responded accordingly to Newsom’s attacks on his state as only he can: ‘I welcome help. I welcome federal help. I welcome more state help. I welcome local help. Come on down. Look, I’ve watched Gov. Newsom for years, and to quote one of my favorite columnists, he’s put the funk into dysfunction. Every year that he’s been governor, crime and violence has gotten worse in California. Why? Because Gov. Newsom is a member of the socialist wing of his party. Because Gov. Newsom has refused to get up off his ice-cold, lazy butt and do something about it.

Because Gov. Newsom thinks that talking about crime – he’s only doing it under pressure – is racist, because he thinks that cops are a bigger problem than criminals. But I wanna give him credit, maybe he’s had a conversion, but he’s doing the right thing by sending in California state police. And, you know, even a blind chicken finds a mealworm now and then.”

Read more …

“..he’s thrown at least $24 billion at homelessness programs with nothing to show for it..”

• Newsom Is Copying Trump So He Can Run for President (Margolis)

California Governor Gavin Newsom clearly has his eye on a 2028 presidential run, and apparently he thinks the way to get there is by copying former President Donald Trump’s tough-on-crime playbook. His latest move? Deploying California Highway Patrol crime-suppression teams across major cities including Los Angeles, Sacramento, and San Diego, as well as the Bay Area. These teams are meant to back up local law enforcement in high-crime neighborhoods, targeting repeat offenders, illegal guns, and narcotics. Last year, similar teams racked up over 9,000 arrests, recovered nearly 6,000 stolen vehicles, and seized hundreds of firearms—so on paper, it looks like results. At the same time, Newsom is trying to sell himself as the more “people-focused” alternative to Trump, whom he is accusing of “militarizing American cities” by sending in National Guard troops without state approval.

He’s ridiculed Trump’s so-called “authoritarian tendencies,” and even challenged him to deploy troops in Republican-led states such as Louisiana and Mississippi, where, Newsom claims, homicide rates are far higher than in California. The hypocrisy is obvious, and the White House didn’t let Newsom off easy, mocking him for copying Trump’s crime agenda after previously blasting similar tactics. Spokeswoman Abigail Jackson called it “making crime a partisan issue,” but added, “the more Democrats follow Trump’s lead on cracking down on crime, the better it is for Americans”. Democrats are soft on crime by instinct. It’s their default mode—coddling criminals, ignoring law-abiding citizens, and pretending the problem doesn’t exist. But when political ambition requires it, suddenly they’re “tough on crime,” putting on a performance to save their own skin, rather than actually protecting communities.

That’s what Newsom is doing now. He’s trying to clean up his own backyard before his planned presidential run. I guess we’re just supposed to ignore the fact that he’s done nothing to reduce crime or fix the homeless problem in his state. In fact, he’s thrown at least $24 billion at homelessness programs with nothing to show for it, and violent crime remains stubbornly high in cities such as Oakland and San Bernardino. Poverty, drugs, and understaffed police departments continue to plague the state, yet Newsom points to flashy statistics and temporary crackdowns as proof he’s taking action on behalf of his constituents; in reality, he’s just trying to position himself better to seek higher office. The crime-suppression teams are reactive, not strategic. They’re an attempt to mimic Trump’s methods without actually addressing California’s systemic failures.

And while Newsom lectures Trump on federal troops, his own record shows massive public funds disappearing into bureaucratic black holes without fixing the underlying problems. Meanwhile, he clings to political theater—highlighting crime in GOP-led states to distract from California’s own mess and painting Trump as an overbearing authoritarian. It’s a tough sell when your own state’s cities are in trouble and your solutions are superficial, and meant to help himself, not his state. Newsom wants to run on law and order, but his tenure is marked by fiscal recklessness and half-measures. If he were serious about fighting crime, he would have acted sooner and smarter. At the end of the day, Newsom’s crime teams are just a showpiece, a way to borrow Trump’s playbook while pretending to oppose him. For voters paying attention, the question is simple: can a governor who can’t account for billions spent on homelessness—or fix his state’s crime problems—seriously claim he’s ready to lead the country? The stunt is in motion, but Newsom can’t cover up California’s failures with a gimmick.

Read more …

“I didn’t want to see that. I didn’t want the, you know, the wife of a president, to go to jail, but she was stone cold guilty of things..,”

• Intel Chiefs Behind Russiagate Should Be Arrested – Trump (RT)

US President Donald Trump has said he would not mind seeing ex-FBI Director James Comey and ex-CIA Director John Brennan handcuffed and arrested live on TV due to their alleged role in the Russiagate hoax. Trump made the remarks in an interview with the Daily Caller published on Saturday, stating that it would “not bother [him] at all” if the two former intel chiefs end up in custody. “What they did is a disgrace. They cheated, they lied, they did so many bad things, evil things that were so bad for the country, and because they did something to me that should have never been done, nobody thought they’d ever do that,” Trump stated. “They should be [arrested] because they’re crooked and they got caught,” he added.

The situation with Brennan and Comey is different from what the US administration had on its hands with Hillary Clinton, Trump suggested, apparently referring to the email controversy dating back to her tenure as the US secretary of state. “Hillary’s a good example. We had Hillary cold. I didn’t want to see that. I didn’t want the, you know, the wife of a president, to go to jail, but she was stone cold guilty of things,” Trump stated. The Trump administration launched a probe into the Russiagate hoax shortly after the US president assumed the post for the second time early this year. The investigation has been spearheaded by Director of National Intelligence Tulsi Gabbard, who has repeatedly pledged to get to the bottom of what she described as a “treasonous conspiracy” to delegitimize Trump’s 2016 election victory and a “years-long coup.”

Since mid-July, Gabbard has released multiple documents that allegedly expose a coordinated effort by senior Obama-era officials, as well as structures linked to billionaire George Soros, to falsely accuse Trump of colluding with Russia. Moscow has consistently denied any interference in the 2016 election, with Russian officials describing the allegations as a product of partisan infighting. The Russiagate scandal heavily damaged relations between Moscow and Washington, resulting in sanctions, asset seizures, and a further erosion of diplomatic engagement.

Read more …

“The Executive has interpreted the law for centuries—this is nothing new, and certainly nothing constitutionally objectionable.”

• Trump Says He Will Issue Executive Order to Require Voter ID (ET)

President Donald Trump said on Aug. 30 that he has decided to issue an executive order to request that federal elections require the presentation of voter ID in order to cast a ballot. “Voter I.D. Must Be Part of Every Single Vote. No exceptions!” Trump wrote on a post on Truth Social. “I Will Be Doing An Executive Order To That End!!!” The president did not give a timeline for his order. The midterm elections will be held on Nov. 3, 2026. States have authority over how to hold their elections as long as they comply with federal prohibitions. The president also repeated his opposition to the widespread adoption of mail-in ballots and the use of electronic voting systems, although this time he didn’t say they would be the subject of any executive action. “Also, No Mail-In Voting, Except For Those That Are Very Ill, And The Far Away Military. Use paper ballots only!!!” he said.

Earlier this month, Trump had pledged to issue an executive order ahead of the 2026 midterm elections to end the use of mail-in ballots and return to the use of paper ballots instead of voting machines. In March, Trump issued an executive order to require documentary proof of U.S. citizenship for registering to vote in federal elections. The order was to enforce that states meet the citizenship requirement for federal elections for requiring government-issued ID in their voter registration forms. The order also sought to overhaul election rules related to other aspects of election law enforcement, such as voting deadlines, electronic voting machine security, and foreign interference in U.S. elections. The president said the changes were intended to safeguard the vote against what he describes as “fraud, errors, or suspicion.”

Legal groups filed suit, claiming that the order exceeded presidential authority, and a federal judge agreed in part with the plaintiffs, blocking implementation of much of the executive order while allowing a directive to tighten mail-in ballot deadlines around the country to remain in forceAfter the Supreme Court issued a judgment in late June in an unrelated case, limiting the judicial branch from granting nationwide injunctions, the federal judge in the elections case amended her injunction in mid-July in the case to apply only to the 19 Democratic-led states that filed the complaint. The Trump administration has appealed the ruling with the U.S. Court of Appeals for the First Circuit, arguing that the enforcement sought in the executive order doesn’t alter existing federal statutes or violate the Constitution. “The Executive has interpreted the law for centuries—this is nothing new, and certainly nothing constitutionally objectionable.”

But, in any event, the President’s interpretation of those laws accords with their text, purpose, and history, and he has the authority to interpret for the Executive Branch what they require,” government lawyers argued. Trump also pushed for the passage of the SAVE Act, a major overhaul of federal election law that was passed by the House but floundered in the Senate, where it would have required support from Democratic lawmakers to pass. At the state level, Texas Republicans, at Trump’s urging, recently passed legislation to redraw their state’s congressional maps to increase Republicans’ hold on the U.S. House delegation by five seats. Texas Gov. Greg Abbott signed the bill into law on Aug. 29. California lawmakers have responded with a push to increase Democrats’ hold over California’s U.S. House delegation.

Read more …

 

 

 

 

Inosculation

Cinema
https://twitter.com/DudespostingWs/status/1962010458795508091

Time

Michelangelo

 

 

Support the Automatic Earth in wartime with Paypal, Bitcoin and Patreon.

 

 

 

 

 

Debt Rattle April 12 2020

Apr 122020
 
 April 12, 2020  Posted by at 11:11 am Finance Tagged with: , , , , , , , , , , , ,  23 Responses »


Helen Levitt New York 1939

 

• DOJ Threatens Action Against Pandemic Crackdowns On Religious Ceremonies (JTN)
• Can Trump Reopen The Economy On May 1? Not Really (LATimes)
• California Gov. Newsom Praises Trump Admin’s COVID19 Relief Efforts (JTN)
• Hundreds Of US Meat Workers Have Tested Positive For Coronavirus (LATimes)
• New York Hospital Approved To Use COVID-19 Experimental Treatment (JTN)
• EU Borders May Close Till September Due To US COVID-19 Threat (F.)
• China Chasing Coronavirus Praise From Germany (UrduP)
• USA Keen to Learn from Greece’s World-Leading Response to COVID-19 (GR)
• UN Seeks To Lease Hotels, Ships To House Refugees On Greek Islands (Amna)
• Coronavirus Isn’t Really Dangerously Lingering On Surfaces For Weeks (F.)
• Is The Next Great Depression Here? (VT)
• Economist Destroys China – Calls Coronavirus An Act of War (VT)
• Turkish Court Accepts Indictment For Khashoggi Murder Suspects (DS)
• Use and Abuse of MMT (Michael Hudson, Dirk Bezemer, Steve Keen, T.Sabri Öncü)
• East Africa Locust Plague Up To 20 Times Larger Than Last Wave (Ind.)
• Julian Assange Fathered Two Sons While Inside Ecuadorian Embassy In London (DM)

 

 

US records 1,920 deaths related to the #coronavirus over the past 24 hours, according to a tally by Johns Hopkins University as of 8:30 pm Saturday (0030 GMT Sunday)

 

 

• Cases (+ 1,790,573 from yesterday’s 1,710,152)

• Deaths 109,654 (+ 6,148 from yesterday’s 103,506)

 

 

 

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

 

 

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

 

 

From SCMP:

 

 

From COVID2019Info.live:

 

 

 

 

A number of graphs from FT for your viewing ‘pleasure’:

 

 

 

 

 

 

 

 

And one extra, which focuses on Belgium.

 

 

 

 

The Pope may close the Vatican, but not my little church. Two week quarantines for all.

• DOJ Threatens Action Against Pandemic Crackdowns On Religious Ceremonies (JTN)

The Justice Department signaled Saturday night it may intervene against local governments that are cracking down on religious ceremonies during the pandemic, warning that action could come as early as next week. Justice Department spokeswoman Kerri Kupec used her Twitter account on the eve of Easter to announce that Attorney General William Barr was monitoring efforts to stop Easter religious ceremonies. “During this sacred week for many Americans, AG Barr is monitoring govt regulation of religious services,” Kupec tweeted. “While social distancing policies are appropriate during this emergency, they must be applied evenhandedly & not single out religious orgs. Expect action from DOJ next week!”


The statement comes as numerous municipalities across the country have been reportedly taking actions to stop churchgoers from celebrating Easter together, including in Louisville where the mayor threatened to track license plates and fine anyone who attends a public ceremony. A federal judge Saturday actually blocked Louisville Mayor Greg Fischer from enforcing his ban on drive-in church services on Easter, calling it unconstitutional. “An American mayor criminalized the communal celebration of Easter,” U.S. District Judge Justin Walker wrote while issuing a temporary restraining order. “That sentence is one that this Court never expected to see outside the pages of a dystopian novel, or perhaps the pages of The Onion. ”The Mayor’s decision is stunning. And it is, ‘beyond all reason,’ unconstitutional,” the judge added.

Read more …

Odd friends: Trump and Gavin Newsom.

• Can Trump Reopen The Economy On May 1? Not Really (LATimes)

President Trump says he hopes to be able to begin reopening the nation’s shuttered economy on May 1. But ultimately, nervous governors, mayors, school boards and families across the country will determine when to resume normal life. With more Americans out of work than at any time since the Depression in the 1930s, Trump is eager to ease the stay-at-home guidance he issued on March 16 and later extended through April 30 in an effort to contain the COVID-19 pandemic. The president and his top economic advisors have floated plans to restart economic activity in phases, with some regions given greater leeway than others. Privately, White House officials concede the approach will have little effect on the larger economy, but hope to at least let some small businesses begin bringing back employees.

Speaking at the White House, Trump said he would consider the advice of his public health advisors, who have urged caution in lifting restrictions too quickly. Outside public health experts say another month or more may be necessary to keep the U.S. death toll from the coronavirus under 100,000. “I’m going to have to make a decision, and I hope to God it’s the right decision,” Trump said Friday. “I would say without question it’s the biggest decision I’ve ever had to make.” Asked what metrics he would use in deciding, Trump pointed to his head. Trump also said he would probably include governors from both parties in a council to advise him on the issue and hinted that California Gov. Gavin Newsom may be among them.

The president wields tremendous influence over the national response to the pandemic, and many local and state leaders, especially fellow Republicans, would weigh his advisories heavily in deciding their own policy. Although Trump asserted Friday that he has “absolute authority” to order the country open, the guidelines are not mandatory but recommendations. Governors, mayors and business owners have the ultimate power. Many issued their own guidance before Trump did, and some already have announced plans to restrict commerce and public gatherings beyond May 1 no matter what Trump recommends.

Read more …

Newsom is starting to shine a bit in his own right. Not exactly Trump’s best friend before this started.

• California Gov. Newsom Praises Trump Admin’s COVID19 Relief Efforts (JTN)

California Governor Gavin Newsom is offering strong words of praise for President Trump, stating that the president, through his administration’s effort to help fight the coronavirus in that state, has met “every single direct request that he was capable of meeting.” Newsom made the laudatory remarks in an interview Friday with CNN’s Anderson Cooper. “I have to be complimentary, otherwise I would be simply lying to you,” he said of the Trump administration’s relief measures. California has had one of the more significant coronavirus outbreaks in the United States, logging over 22,000 infections and 630 deaths as of Saturday night. Newsom put his state under an extended, near-total lockdown last month.


The Trump administration dispatched the Naval hospital ship USNS Mercy to Los Angeles last month in order to provide overflow hospital beds to assist with the state’s expected surge of coronavirus patients. Newsom said the ship was sent to the city “because of [the president’s] direct intervention.” The governor also noted the administration’s deployment of 2,000 federal medical stations to the state. Remarking on his praise of Trump, Newsom told Cooper that it is “a wonderful thing to be able to say, and I hope that continues.”

Read more …

Including 300 at just one plant.

• Hundreds Of US Meat Workers Have Tested Positive For Coronavirus (LATimes)

There’s been a spike in coronavirus cases at meat plants in the U.S., with hundreds of reported infections in just the last week. That’s adding to questions over the fragility of the food-supply chain and raising concerns about worker safety. As many as 50 people at a JBS SA beef facility in Colorado’s Weld County tested positive, adding to more than 160 cases at a Cargill Inc. meat-packaging plant in Pennsylvania, union officials said Friday. South Dakota Gov. Kristi Noem on Friday reported 190 cases at a Smithfield Foods Inc. pork facility, the Associated Press said. The Cargill and Smithfield plants are being closed, while JBS said it will continue operations. Workers are also starting to die. Two more deaths were reported by union officials on Friday, one at the Greeley, Colo., meat plant and one in Pennsylvania.

Both those facilities are owned by JBS SA, the world’s top meat producer, which didn’t confirm the deaths. “As our communities and our country collectively face the coronavirus challenge, JBS USA has had team members impacted by COVID-19,” the American unit of the Brazilian meatpacker said in an emailed statement. “We are offering support to those team members and their families. Out of respect for the families, we are not releasing further information.” WH Group Ltd. acquired Virginia-based Smithfield, the world’s largest pork producer, in 2013 for $6.95 billion. As Smithfield can’t export sausage, ham and bacon from its U.S. factories because China prohibits imports of processed meat, WH Group opened a $116-million factory in Zhengzhou that will produce 30,000 metric tons of those meats when it reaches full capacity next year.

While it’s unclear whether the deaths and other cases have anything to do with the workplaces, the news exposes the vulnerability of global supply chains that are needed to keep grocery stores stocked after panic buying left shelves empty. President Donald Trump and Vice President Mike Pence both addressed the sudden jump in cases at meat plants when speaking to reporters on Friday. Pence said as many as 300 people have been “impacted” by the coronavirus at the Colorado meat plant. It’s unclear what that figure was referring to, whether it was people who have been quarantined, or possible cases. Trump also referred to the outbreak at Colorado meat plants on Friday. Neither Pence nor Trump specified which plant they were talking about. Greeley is about 65 miles northeast of Denver.

“We’re looking at this graph where everything’s looking beautiful and is coming down and then you’ve got this one spike. I said, ‘What happened to Denver?’” Trump said. “And many people, very quickly.” [..] The deaths reported Friday bring the total reported for JBS employees to three. On Tuesday, the Retail, Wholesale and Department Store Union, which represents thousands of poultry workers, said two of its members working at a Tyson Foods Inc. plant in Camilla, Ga., died from the virus.

Read more …

So in your headline you say “Experimental Treatment”, and then in your article you say it was already used when George Washington’s troops were fighting small pox. That’s one way of doing it, I guess.

• New York Hospital Approved To Use COVID-19 Experimental Treatment (JTN)

The Albany Medical Center in New York has become one of the first hospitals in America to gain Federal Drug Administration approval to conduct a new method of treating COVID-19, using antibodies from surviving patients. If a recovered patient has been diagnosed with the coronavirus then the hope is that that patient may be able to donate their blood plasma to help create immunity for others who are more critically ill, officials said. “As the region’s only academic medical center, Albany Med participates in many cutting-edge clinical research trials.

We are honored to have the ability to administer this experimental therapy as we fight this global pandemic and hope that it can provide the life-saving treatment these patients inflicted with COVID-19 so desperately need,” Dennis P. McKenna, the hospital’s president and CEO, said. The so-called convalescent blood plasma therapy is not a novel idea. It was not only used during the 1918 flu pandemic but as far back as when George Washington’s troops were fighting small pox during the Revolutionary War. It also was used as recently as 2014’s ebola outbreak.

Convalescent plasma therapy is simple. Patients become inflicted with COVID-19 and then recover completely and that immunity enables them to donate their plasma to another critically infected patient. Albany Medical Center is serving as a center for other COVID-19 patients who will donate their plasmas. A donor must be fully recovered and have no symptoms for at least 14 days. Convalescent plasma has been used effectively during earlier recent virus outbreaks: the 2002 severe acute respiratory syndrome (SARS) under George W. Bush’s administration and during the H1N1 and Middle East respiratory syndrome under the Obama administration.

Read more …

Irony: US cases primarily came from Europe.

• EU Borders May Close Till September Due To US COVID-19 Threat (F.)

Europe’s Schengen zone may keep its borders shut until September, to defend itself against the threat of COVID-19 from U.S. and other travelers. French President Emmanuel Macron has reportedly raised the possibility of the usually border-free countries staying shut to most foreigners for six more months. During a videoconference last Friday with trade unions, Macron said the idea is being considered by Schengen members, according to French media reports. The reason he gave was the fact that the pandemic is evolving at a different pace around the world, and “did not affect all countries at the same time” BFMTV reported. So the implication is that Europe needs to protect itself from the threat posed by travelers coming from high-risk countries.


According to the TV station, “Emmanuel Macron notably cited the example of the United States, where the coronavirus crisis is delayed by several weeks and which will therefore reach its peak later. But also that of Africa, where the situation is developing differently. In Asia, a second peak may occur.” Macron’s comments came two days after the Élysée Palace confirmed the French lockdown, in place since March 17, will continue beyond April 15. They also came on the heels of a call by European Union officials for member states to extend the border closure for another month at least, until mid-May. The EU says it needs more time to battle the health crisis, of which Europe is the global epicentre. Despite seeing “encouraging first results”, it wants to extend the closure of its external borders until May 15.

Read more …

Merkel won’t like the press getting involved in this.

• China Chasing Coronavirus Praise From Germany (UrduP)

Chinese representatives tried to influence German government officials to give positive comments about Beijing’s management of the coronavirus outbreak, Germany’s Die Welt newspaper reported Sunday. The virus first emerged in the Chinese city of Wuhan in December and Beijing has been criticised by some — most notably US President Donald Trump — over its initial handling of the crisis. Senior officials and staff at German government ministries were invited “to speak in positive terms about China’s management of the coronavirus,” Die Welt said, citing a confidential foreign ministry document.


The foreign ministry recommended that all German governmental departments reject such approaches, the newspaper added. The ministry has declined to confirm or deny the report. However a German intelligence source told Die Welt that “Chinese officials are pursuing an intensified information and propaganda policy with regard to the coronavirus”. Beijing has sought to counter the narrative that the outbreak began in China and highlighted its assistance to Western countries “in order to present the People’s Republic as a trustworthy partner,” Germany’s Federal Office for the Protection of the Constitution said.

Read more …

From Greece with love.

• USA Keen to Learn from Greece’s World-Leading Response to COVID-19 (GR)

Over 200 policymakers in the US Congress, the White House, State Department and other thought leaders and officials in Washington, DC were briefed about Greece’s impressive, world-leading response to the COVID-19 pandemic., announced Manatos & Manatos, a lobbying firm in DC. “Once again, in times of tremendous difficulty and challenge, little Greece has become a role model for the rest of the world. This speaks to the legacy Greece has shaped over centuries – a legacy of courage, creativity and perseverance,” said Andy Manatos and Mike Manatos, the two Greek American executives of the lobbying firm who spoke to the officials.

Furthermore, US Ambassador to Greece Geoffey Pyatt in a message to the American Hellenic Chamber of Commerce also praised the Greek Government and Prime Minister Kyriakos Mitsotakis for realising the gravity of the situation and his realistic approach in containing the virus. He also highlighted the compliance of the Greek people to the strict measures imposed. Indeed, major newspapers and news websites have praised Greece for the way it is dealing with the deadly virus and the low figures of cases and deaths recorded. Much more so because the country is now only shyly emerging from a crippling 10-year-long economic crisis that caused cutting of healthcare resources by 75 percent.

Characteristically, on April 10 Bloomberg ran an op-ed with the title “Greece Shows How to Handle the Crisis”. The article notes the immediate and bold response of the Greek government to the coronavirus threat: “Athens closed down all non-essential shops only four days after reporting its first Covid-19 death. In contrast, Italy and Spain did so after 18 and 30 days, respectively. A ban on non-essential movement in Greece came only a week afterwards — faster than in either of the other two countries.” Compared to the two Mediterranean countries, Greece’s difference in the horrifying figures is staggering: Greece currently counts 2,011 cases and 91 deaths, while Italy reports 147,577 cases and 18,849 deaths and Spain counts 158,273 cases and 16,081 deaths.

One would argue that Greece’s population is 10.74 million while Spain’s is 46.75 million and Italy’s population is 60.3 million, but proportionately Greece’s figures are hugely lower. Compared to countries with populations similar to Greece, still, the difference remains large. Netherlands with 17.1 million population reports 23,249 cases and 2,511 deaths; Belgium with 11.4 million population counts 26,667 cases and 3,019 deaths; Portugal with 10.2 population reports 15,472 cases and 435 deaths; Switzerland with 8.57 million population counts 24,551 cases and 1,002 deaths. On April 5, a New York Times story titled “The Rising Heroes of the Coronavirus Era – Nations’ Top Scientists” also praised Greece’s Chief Scientific Coordinator of Medical Response, Professor Sotirios Tsiodras:

“In Greece, which has so far been spared a major outbreak, everyone tunes in when Prof. Sotirios Tsiodras, a slender-framed, gray-haired man, addresses the nation every day at 6 p.m. His delivery is flat, and he relies heavily on his notes as he updates the country on the latest figures of those confirmed sick, hospitalized or deceased….The head of the Greek government’s medical response to the coronavirus and a churchgoing father of seven with a long career studying infectious diseases at Harvard, M.I.T. and elsewhere, Professor Tsiodras is not one for embellishment.”

Read more …

Note: the UN, not the EU.

• UN Seeks To Lease Hotels, Ships To House Refugees On Greek Islands (Amna)

The UN High Commission for Refugees has issued a call for hotels and ships that can be leased to house vulnerable groups of asylum-seekers on the Greek islands, who might be affected by the coronavirus pandemic. The move was approved by the Migration & Asylum Ministry, it said, and would be funded by the European Union. Hotels are being sought for asylum applicants and refugees on the islands of Lesvos, Chios, Samos, Kos, Leros and those of Rhodes and Crete. Availability must be immediate and the lease a three-month one. Ships must be able to accomodate 300 passengers and tie at the docks of Lesvos, Chios and Samos or 100 people and tie at Kos and Leros. They must include cleaning services, supply cabins with electricity and provide a meal three times a day. Leases must go into effect on Monday, April 13 and cover 15 days, with the option of extending it to two months.

Read more …

Primarily about different testing methods, thereby explaining their deficiencies.

• Coronavirus Isn’t Really Dangerously Lingering On Surfaces For Weeks (F.)

RNA viruses, like the one that causes COVID-19, make a lot of mistakes when replicating their genomes, and sometimes these mistakes result in viral genomes containing fatal mistakes, or mutations, that render a critical viral gene non-functional – meaning they won’t infect people who come into contact with them. (In fact, these kinds of mistakes are why plants, animals, bugs, people – basically anything more complicated than these viruses – store genetic information in DNA instead, because far fewer mistakes are made when DNA replicates.) But when you run a qRT-PCR test, those viral genes with mistakes are indistinguishable from the ones that aren’t. And either way, the cellular machinery that makes more viruses will package up both functional and non-functional RNA. The RNA inside these packages, called virions, is what the qRT-PCR test is looking for.

For reasons that are not fully understood, patients that have recovered from a viral infection have cells that can continue to produce viral RNA without actually making infectious virus particles. That means it is not only possible but common to detect viral RNA without there being any infectious virus present. Virologists use other tests to detect infectious viruses – the ones we need to worry about actually making people sick. The most classical of these, plaque assays and 50% tissue culture infectious dose (TCID50) assays, are based on the ability of viruses to kill infected cells in culture. These methods are much better for assessing how much potentially transmissible virus would be “shed” from recovered patients or in the environment. (“Shed” is a bit of a jargon term virologists use – but it’s a good metaphor for thinking of viruses moving out of you and into the environment when you cough or sneeze.)

So why don’t we use these tests all the time? The problem with them is that they are also more time-consuming to perform and require specialized biocontainment. So they’re not practical for performing clinical diagnostic testing or broad surveillance. qRT-PCR can be performed in hours in standard laboratory conditions (biosafety level 2, or BSL-2), while plaque and TCID50 assays for SARS-CoV-2 take several days and must be performed in BSL-3 containment. Working in BSL-3 containment labs requires specialized training, and many clinical sites are not near a BSL-3 lab. So, most of the studies you read in the news about viral shedding and environmental contamination is just measuring the amount of viral RNA – but they’re not necessarily saying much about whether the virus is still contagious.

Fortunately, two studies have investigated the ability of virus to remain infectious on different materials in the environment. Although the length of time that virus on a surface remains infectious is dependent on environmental conditions such as temperature and humidity, no virus remained infectious on surfaces for anywhere near 17 days. Furthermore, in both studies, the amount of infectious virus was greatly reduced after several days. This suggests that risk of infection from virus on objects or surfaces in the environment can be minimized by diligent cleaning and disinfection practices.

Read more …

Two versions, short and long.

• Is The Next Great Depression Here? (VT)

Economist Danielle DiMartino Booth talks about the correlation to the great depression and today in a sit-down with Patrick Bet-David.

Read more …

The full version of the interview above.

• Economist Destroys China – Calls Coronavirus An Act of War (VT)

Economist Danielle DiMartino Booth Destroys China – Calls Coronavirus An Act of War in a sit-down with Patrick Bet-David.

Read more …

But not MbS.

• Turkish Court Accepts Indictment For Khashoggi Murder Suspects (DS)


A Turkish court on Saturday accepted an indictment on the 2018 killing of Saudi journalist Jamal Khashoggi in the Saudi Consulate in Istanbul. The 117-page indictment prepared by Istanbul prosecutors accusing 20 Saudi nationals of involvement in the gruesome premeditated murder was accepted by Istanbul’s Heavy Penal Court No. 11. Khashoggi, a columnist for The Washington Post, was killed and dismembered by a group of Saudi operatives shortly after he entered the country’s consulate in Istanbul on Oct. 2, 2018. His body was never recovered. Khashoggi, according to reports by the U.N. and other independent organizations, was very likely killed on orders of Saudi Crown Prince Muhammad bin Salman (MBS).

The indictment states that suspect Mansour Othman M. Abbahussain, working as a major general and intelligence officer in Saudi Arabia, was tasked in the office of MBS and was instructed by Ahmed Bin Mohammed al-Asiri to bring Khashoggi back to the country and to kill him if he resisted. It added that Abbahussain assembled a 15-man hit squad, including himself, for the murder.

He also distributed tasks among the squad, separating them into three groups: intelligence, logistics, and negotiation. Abbahussain also determined the place to meet Khashoggi as the working office at the Istanbul consulate and made plans for all contingencies before, during, and after the deed. The indictment accuses al-Asiri and Saud al-Qahtani of incitement to deliberate killing through torture and seeks aggravated life sentences for both. It also accuses 18 other Saudi nationals and recommends aggravated life sentences for each. These accused individuals were in consensus over killing Khashoggi if he refused to return to Saudi Arabia and acted mutually to commit the crime, according to the indictment.

Read more …

Too long for me to properly summarize here. But it should be obvious that MMT and UBI get attention in today’s world, if only because the Fed’s rapacious “stimulus” policies.

America is fast on its way to new breadlines, and there is no excuse for that.

• Use and Abuse of MMT (Michael Hudson, Dirk Bezemer, Steve Keen, T.Sabri Öncü)

Money is debt. Government money creation for public purposes – to pay for employment and output – spurs prosperity. But in its present form, private-sector debt creation has become largely extractive, and thus leads to the opposite effect: debt deflation. Governments can pay public debt without defaulting, as long as this debt is denominated in their own domestic currency, because the governments can always print the money to pay. To the extent that public debt results from spending that supports output, employment and growth, this process is not inflationary. The government gives value to money by accepting it in payment of taxes. So the monetary system is inherently bound up with fiscal policy. The classical premise of such policy has been to minimize the economy’s cost structure by taxing mainly unearned income (economic rents), not wages and profits in the production-and-consumption sector.


The problem nowadays is private debt. Most such debt is created by banks. This bank credit – debts owed by bank customers – tends to increase faster than the ability of debtors to earn enough income to pay it. The reason is that most of private debt is not used for productive, income-generating purposes, but to finance the transfer property ownership (affecting asset prices in proportion to the rate of credit growth for such purposes). That use of credit – not associated with the production-and-consumption economy – leads to debt deflation. Instead of providing the economy with purchasing power (as in running government budget deficits), private debt works over time to extract interest and amortization from the economy, along with servicing fees.

Read more …

The bigger threat.

• East Africa Locust Plague Up To 20 Times Larger Than Last Wave (Ind.)

A locust plague up to 20 times larger than a wave two months earlier is threatening to devastate parts of East Africa. January and February saw the worst locust outbreak some countries had seen in 70 years, with crops and farmland ravaged across much of Kenya, Somalia and Ethiopia. But now, amid a global coronavirus pandemic, a second, much bigger round of the voracious insects is arriving. Billions of the young desert locusts are winging in from breeding grounds in Somalia in search of fresh vegetation springing up with seasonal rains. Millions of already vulnerable people are at risk. And as they gather to try to combat the locusts, often in vain, they risk spreading Covid-19 – a topic that comes a distant second for many in rural areas.

It is the locusts that “everyone is talking about”, said Yoweri Aboket, a farmer in Uganda. “Once they land in your garden they do total destruction. Some people will even tell you that the locusts are more destructive than the coronavirus. There are even some who don’t believe that the virus will reach here.” Some farmers in Mr Abokat’s village near the Kenyan border bang metal pans, whistle or throw stones to try to drive the locusts away. But mostly they watch in frustration, largely barred by a coronavirus lockdown from gathering outside their homes.

A failed garden of cassava, a local staple, means hunger. Such worries in the village of some 600 people are reflected across a large part of East Africa, including Kenya, Ethiopia and South Sudan. The locust swarms also have been sighted in Djibouti, Eritrea, Tanzania and Congo. The UN Food and Agriculture Organisation (FAO) has called the locust outbreak, caused in part by climate change, “an unprecedented threat” to food security and livelihoods. Its officials have called this new wave some 20 times the size of the first.

Read more …

How does she explain to her kids later why their father was murdered by the government?

• Julian Assange Fathered Two Sons While Inside Ecuadorian Embassy In London (DM)

Julian Assange secretly fathered two sons while holed up in the Ecuadorian embassy in London, The Mail on Sunday can reveal. Gabriel, aged two, and his one-year-old brother Max were conceived while their father was hiding out to avoid extradition to America, where he faces espionage charges over the leaking of thousands of classified US intelligence documents. At the time, Assange, 48, was also wanted in Sweden where he was accused of rape. He has always denied the sex allegations, which have now been dropped. The boys’ mother is 37-year-old South African-born lawyer Stella Morris, who fell in love with the controversial WikiLeaks founder five years ago while visiting him to work on a legal bid to halt the extraditions. The couple have been engaged since 2017. [..] It is understood the couple also managed to keep their relationship and the birth of their children secret from Ecuadorian diplomats and officials who had given Assange refuge.

[..] At the time that Gabriel was conceived in 2016, Assange had been inside the embassy, close to Harrods, for four years and was believed to be under constant surveillance by American security services. [..] It is understood the couple also managed to keep their relationship and the birth of their children secret from Ecuadorian diplomats and officials who had given Assange refuge. [..] She is pleading for her fiance to be released under Government plans to free thousands of prisoners to quell the spread of the deadly virus between bars. Miss Morris says Assange is doubly vulnerable because he suffers from a chronic lung condition exacerbated by his years inside the embassy and has mental health issues which become more severe as a result of isolation. She said last night: ‘I love Julian deeply and I am looking forward to marrying him.


‘Over the past five years I have discovered that love makes the most intolerable circumstances seem bearable but this is different – I am now terrified I will not see him alive again. ‘Julian has been fiercely protective of me and has done his best to shield me from the nightmares of his life. ‘I have lived quietly and privately, raising Gabriel and Max on my own and longing for the day we could be together as a family. ‘Now I have to speak out because I can see that his life is on the brink. ‘Julian’s poor physical health puts him at serious risk, like many other vulnerable people, and I don’t believe he will survive infection with coronavirus. ‘Mentally, I do not think he will survive further enforced isolation either. ‘He is effectively in solitary confinement, in a cell for up for 23 and a half hours a day with no access to us, his family, or the psychiatric help he needs.’

[..] Miss Morris had an international upbringing with her theatre director mother and urban planner father. The family spent time in Sweden meaning she was a fluent Swedish speaker, able to help defend Assange against the allegations, which were rescinded last year. She is also a fluent Spanish speaker, a skill which would become equally critical when Assange sought asylum in a South American embassy the following year. She has a degree in law and politics from London’s prestigious School of Oriental and African Studies and took her MSc at Oxford where she was a noted scholar. She became a member of Assange’s inner circle in the embassy, officially changing her name from Sara Gonzalez Devant to Stella Morris so she could maintain a lower profile while researching and drafting legal documents for WikiLeaks.

Read more …

It must be possible to run the Automatic Earth on people’s kind donations. These are no longer the times when ads pay for all you read, your donations have become an integral part of the process.

Thanks everyone for your generous donations.

 

 

 

 

https://twitter.com/DrEricDing/status/1248738266851016704

 

 

 

 

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