Jul 032020
 


Theodor Horydczak Washington Monument 1933 (soon to be renamed)

 

US Economic Reboot Menaced By Bug In The System (R.)
Florida Shatters Records With Over 10,000 New COVID19 Cases In Single Day (R.)
China Didn’t Alert WHO To Coronavirus Outbreak — The Internet Did (DC)
House Dems, Liz Cheney Restrict Trump’s Planned Troops Withdrawal (Greenwald)
Gilead Is Profiteering Off A COVID Drug We Already Paid For (Sirota)
Ghislaine Maxwell, Longtime Jeffrey Epstein Associate, Arrested (NYP)
Virginia Giuffre, Alan Dershowitz Both Lose In New Court Ruling (NYPost)
The Strategies of Dementia Politics (NR)
FedEx Asks Washington Redskins To Change The Team’s Name (NBC)

 

 

It’s Julian Assange’s birthday today. Light a candle.

 

 

Again, both the world and the US set new highs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How Fauci shot his credibility:

 

 

Is a virus a bug?

US Economic Reboot Menaced By Bug In The System (R.)

Like a computer suffering from a pesky virus, the U.S. economy has been shut off and turned back on. This reboot seems to be working. The economy added almost 5 million jobs in June, on top of the roughly 3 million added in May, bringing the unemployment rate down over two percentage points to 11.1%. But as frustrated tech users know, short-term fixes are usually just that. Beyond the decent headline numbers, the labor force participation rate also increased to 61.5%, and around two-fifths of the job gains were in the hard-hit leisure and hospitality sector. Also, the Bureau of Labor Statistics actually revised the net jobs added over the previous two months upwards to 90,000.

But the root source of the economic woes – Covid-19 infections and deaths – is also moving northward. The U.S. reported almost 50,000 new cases on Wednesday, the fifth daily record in a little over a week, according to the New York Times. Texas hit a whopping 8,000 new daily cases. What these relatively decent jobs numbers may actually show is an economy that reopened too quickly. In fact, recent JPMorgan data from around 30 million of its credit- and debit-card holders shows that increased spending in restaurants appeared to be correlated with a rise in new infections three weeks later.

So the fragile recovery could easily crash – or at the very least, freeze. The virus spikes are prompting states and cities to stall or reverse reopenings. Texas has closed bars and limited restaurant occupancy. California shut down bars and indoor dining in 19 counties. And even New York City, which has dramatically reduced infections, decided on Wednesday to delay bringing back indoor dining at restaurants, which had been slated to restart next week.

Ultimately, it’ll be impossible to assess the depth of the lasting economic damage until reopening is mostly complete. In the topsy-turvy world of 2020, jobs numbers are not the best way to predict how the economy will perform. Until the bug is removed from the system, or brought under control, medical statistics will provide perhaps the most important information. With almost 2.7 million confirmed Covid-19 cases and 128,000 deaths, and rising, these numbers aren’t looking good.

Read more …

Time for a holiday…

Florida Shatters Records With Over 10,000 New COVID19 Cases In Single Day (R.)

Florida shattered records on Thursday when it reported over 10,000 new coronavirus cases, the biggest one-day increase in the state since the pandemic started, according to a Reuters tally. Outbreaks in Texas, California, Florida and Arizona have helped the United States break records and send cases rising at rates not seen since April. In June, Florida infections rose by 168% or over 95,000 new cases. The percent of tests coming back positive has skyrocketed to 15% from 4% at the end of May. Florida, with 21 million residents, has reported more new daily coronavirus cases than any European country had at the height of their outbreaks.


To contain the outbreak, Florida has closed bars and some beaches but the governor has resisted requiring masks statewide in public or reimposing a lockdown. Only one other state has reported more than 10,000 new cases in a single day. New York recorded 12,847 new infections on April 10, three weeks after the state implemented a strict lockdown that closed most businesses. While the state has relaxed many measures, it requires masks in public and mandates anyone arriving from 16 other U.S. states with high infections self-quarantine for two weeks. Once the epicenter of the U.S. epidemic, New York saw cases rise by about 6% in June – the lowest rate in the entire country.

Read more …

Let’s see how this plays out.

China Didn’t Alert WHO To Coronavirus Outbreak — The Internet Did (DC)

China didn’t alert the World Health Organization (WHO) to the coronavirus outbreak, a new timeline released by the WHO shows. China’s propaganda machine has claimed that China quickly reported the viral outbreak to the WHO, a claim that the WHO’s initial timeline supported. But the WHO found out about the outbreak from the internet, not from Chinese officials contacting them, according to the new timeline. The updated timeline, which was released June 29, says the WHO “picked up a media statement by the Wuhan Municipal Health Commission from their website” and also picked up a report on an American website, though it doesn’t say in what order those two events occurred.

The WHO doesn’t link to the Wuhan health commission’s media statement that it says tipped the organization off to the outbreak. Rep. Michael McCaul, the top Republican on the House Foreign Affairs Committee, expressed skepticism that the statement even exists. “Even if the Commission posted something on their website – which we have seen no proof they have – the CCP still did not report the outbreak to the WHO as required by the International Health Regulations,” McCaul said in a statement to the Daily Caller News Foundation. “As the updated WHO timeline clearly states, WHO staff ‘picked up a media statement…from their website’ – it was not sent to them by any officials in China,” the Texas Republican continued.

“I have repeatedly requested information from the WHO about what they knew and when they knew it, and I would welcome any clarity from them on this. But, so far, they have refused to answer any of those requests,” McCaul added. Dr. Michael Ryan, a top WHO official, previously said in an April 20 news conference that the American website, ProMED, gave the WHO its first indication of the coronavirus outbreak. “On 31st December information on our epidemic intelligence from open-source platform partners, PRO-MED, was received indicating a signal of a cluster of pneumonia cases in China. That was from open sources from Wuhan,” Ryan said.

Read more …

As I was saying yesterday. How did we ever come to see such acts as normal? I have no doubt that a vast a majority of Americans want to bring the troops home.

House Dems, Liz Cheney Restrict Trump’s Planned Troops Withdrawal (Greenwald)

Last night, the House Armed Services Committee voted overwhelmingly in favor of an amendment — jointly sponsored by Democratic Congressman Jason Crow of Colorado and Congresswoman Cheney of Wyoming — prohibiting the expenditure of monies to reduce the number of U.S. troops deployed in Afghanistan below 8,000 without a series of conditions first being met. The imposed conditions are by no means trivial: for these troop reductions from Afghanistan to be allowed, the Defense Department must be able to certify, among other things, that leaving Afghanistan “will not increase the risk for the expansion of existing or formation of new terrorist safe havens inside Afghanistan” and “will not compromise or otherwise negatively affect the ongoing United States counter terrorism mission against the Islamic State, al Qaeda, and associated forces.”

The Crow/Cheney amendment to the National Defense Authorization Act (NDAA) last night passed by a vote of 45-11. The NDAA was then unanimously approved by the Committee by a vote of 56-0. It authorizes $740.5 billion in military spending — roughly three times more than the world’s second-highest spender, China. President Trump throughout the year has insisted that the Pentagon present plans for withdrawing all troops from Afghanistan prior to the end of 2020. Last week, reports indicated that “the Trump administration is close to finalizing a decision to withdraw more than 4,000 troops from Afghanistan by the fall.” Trump’s plan “would reduce the number of troops from 8,600 to 4,500 and would be the lowest number since the very earliest days of the war in Afghanistan, which began in 2001.”

In February, Trump announced an agreement with the Taliban to end the war completely. Shortly after those White House withdrawal plans were reported, anonymous intelligence officials leaked a series of claims to the New York Times regarding “bounties” allegedly being paid by Russia to Taliban fighters to kill U.S. troops. Those leaks emboldened opposition to troop withdrawal from Afghanistan on the ground that it would be capitulating to Russian treachery. It was that New York Times leak that Liz Cheney, along with GOP Congressman Mac Thornberry, cited in a joint statement on Monday to suggest troop withdrawal would be precipitous:

“After today’s briefing with senior White House officials, we remain concerned about Russian activity in Afghanistan, including reports that they have targeted U.S. forces. It has been clear for some time that Russia does not wish us well in Afghanistan. We believe it is important to vigorously pursue any information related to Russia or any other country targeting our forces. Congress has no more important obligation than providing for the security of our nation and ensuring our forces have the resources they need. We anticipate further briefings on this issue in the coming days.”

[..] The NDAA that was approved last night by the Committee also imposed restrictions on Trump’s plan to withdraw troops from Germany. Trump’s plan called for the removal of roughly 9,500 troops from German soil, reducing the number of U.S. troops in this extremely prosperous and rich European nation from 34,500 to 25,000. But by an overwhelming vote of 49-7, the Armed Service Committee approved an amendment to the NDAA that “bans the administration from lowering troop levels below current levels until 180 days after Pentagon leaders present a plan to Congress and certify it will not harm U.S. or allied interests.”

Read more …

Never let a crisis go to waste.

Gilead Is Profiteering Off A COVID Drug We Already Paid For (Sirota)

This is a story of cause and effect — a tale of repeated and calculated public policy decisions that have now led to a predictable outcome. This story begins 25 years ago, when the Clinton administration rescinded a rule that required pharmaceutical companies to charge Americans reasonable prices for medicines developed at government expense. Some progressive lawmakers tried to reinstate the rule, but Republicans and Democrats joined together to halt those initiatives. In the ensuing years, the Obama administration refused Democratic lawmakers’ demand to invoke existing federal laws to force down the price of critical medicines.


Meanwhile, the GOP also blocked legislation to let Medicare use its purchasing power to negotiate lower prices for prescription drugs All of that reflected the lobbying, campaign contributions and indomitable bipartisan power of the pharmaceutical industry in Washington. And it led to a result that this newsletter has been warning about, as Gilead just announced that it will charge privately insured Americans more than $3,000 each for a 5-day COVID treatment that was developed with financial support from the government. That’s a $3,000 price tag for a government-sponsored drug treatment that experts say the company could offer at $10 and still make a profit.

Read more …

Wonder what happened to make it happen at this particular time. She seemed safe holed up in Paris.

Bookmakers are now taking your bets on her suicide.

Ghislaine Maxwell, Longtime Jeffrey Epstein Associate, Arrested (NYP)

Longtime Jeffrey Epstein associate Ghislaine Maxwell was arrested Thursday on a six-count indictment charging her with grooming young girls for sex. The British socialite, 58, was arrested by the FBI in New Hampshire around 8:30 a.m., authorities said. The just-unsealed indictment charges stem from Maxwell’s role “in the sexual exploitation and abuse of multiple minor girls by Jeffrey Epstein” as early as 1994, court papers say. “The victims were as young as 14 years old when they were groomed and abused by Maxwell and Epstein, both of whom knew that certain victims were in fact under the age of 18,” the indictment says.


She is specifically accused of grooming three underage victims for sex with Epstein in places including his Upper East Side townhouse, Florida, New Mexico and London. Maxwell is charged with six counts — conspiracy to entice minors to travel to engage in illegal sex acts, enticement of a minor to travel to engage in illegal sex acts, conspiracy to transport minors with intent to engage in criminal sexual activity, transportation of a minor with intent to engage in criminal sexual activity and two counts of perjury. Prosecutors also accuse Maxwell — a one-time girlfriend of Epstein’s — of repeatedly lying about her involvement in the financier’s sex trafficking ring during a 2016 deposition.

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From Wednesday, before Ghislaine was arrested. I’m thinking there is probably a connection, but I don’t know which.

There’s a curious line in here:

“The 13-page ruling said Cooper & Kirk “has not, from what the Court can tell, been actively working on the case.”

She has to destroy all the evidence because her lawyers were not working? What?

Virginia Giuffre, Alan Dershowitz Both Lose In New Court Ruling (NYPost)

Attorneys for alleged Jeffrey Epstein “sex slave” Virginia Roberts Giuffre were ordered Wednesday to destroy evidence from her case against Ghislaine Maxwell — as lawyer Alan Dershowitz was also denied access to the potentially explosive information. Manhattan federal Judge Loretta Preska said she was “troubled” to learn during oral arguments last week that Giuffre’s lawyers, from the firm of Cooper & Kirk, had been given sealed records from her since-settled suit against Maxwell, who Giuffre claims recruited her to have sex with Epstein and his pals while she was underage.

The other men allegedly include Dershowitz, whom Giuffre is suing for defamation over his public denials of her accusations, including calling her a “certified, complete, total liar,” and who is counter-suing Giuffre for causing “serious harm … to his reputation, his business and his health.” “As a practical matter, the Court would be surprised — shocked, even — if Cooper & Kirk was not in some sense ‘using’ the Maxwell discovery in its representation of Ms. Giuffre in her action against Mr. Dershowitz,” the judge wrote.

Preska also rejected claims by Giuffre’s lawyers that they were entitled to the evidence, obtained from her former attorneys at Boies Schiller Flexner, because they’d been hired to represent her in the Maxwell case. The 13-page ruling said Cooper & Kirk “has not, from what the Court can tell, been actively working on the case.” Preska directed the Cooper & Kirk lawyers to destroy the evidence, along with “any material, including work product, derived from” it, and to submit an affidavit afterward.

Read more …

I know I’m not supposed to quote right wing media, but this is just too funny. And it raises a valid point: they can’t keep Biden hidden from view forever, and now when he does come out, he’ll be nervous.

The Strategies of Dementia Politics (NR)

Stoke chaos, obstruct economic recovery, and hide Biden in the basement till Election Day.

Joe Biden is tragically suffering a mental eclipse and sliding away at a geometric rate. Understandably, his handlers have kept him out of sight. He stays off the campaign trail on the pretext of the virus and his age-related susceptibility to COVID-19 morbidity. I say “pretext” without apology. Quarantine should not have otherwise stopped Biden over the past three months from doing daily interviews, speeches, and meetings. But each occasion, however scripted, rehearsed, and canned, would only have offered further daily proof that Biden is cognitively unable to be president or indeed to hold any office. Often Biden cannot finish a sentence. Names are vague eddies in his mind’s river of forgetfulness.

He is in a far more dire mental state than a physically failing FDR was in his 1944 campaign for a fourth term. The earlier career of a healthy Biden illustrates that he was not especially sharp even when in control of most of his faculties. We recall the former sane/nutty Biden of Neal Kinnock plagiarism, his “put y’all in chains” demagoguery, the studied racism of Biden’s riffs about a “clean” and well-spoken Obama, and the sane/insane Corn Pop stories. All are the trademark of a once fool Joe Biden, who was at least alert when compared with his current catalepsy. If Donald Trump can be ungrammatical, Biden is agrammatical — he simply streams together half-thoughts without syntax and then abandons the sentence entirely.

If Trump repeats vocabulary, Biden increasingly searches for words, any noun, whatever its irrelevance to the point he is making. Biden seems to suffer dyscognitive seizures, in which for moments he has no idea what he is doing or saying or where he is — a tragic, nearly epileptic condition. In scary episodes, the pale, scaly, and frozen visage of Biden appears almost reptilian, like a lizard freezing and remaining stationary as it struggles to process signals of perceived danger. Inserting memorized answers into rehearsed questions, as if the entire con was spontaneous, only reveals how his once episodic dementia has become chronic as he loses his prompt and place. It was understandable that his handlers saw opportunity in secluding Biden during Trump’s tweeting, alongside the contagion, the lockdown, the recession, and the rioting that in voters’ minds had equated fear of chaos with the culpability of the current commander in chief.

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Redskins was always a problem. But while you’re toppling Washington statues, you want to keep his name linked to the team, the city? Can anyone explain the logic?

FedEx Asks Washington Redskins To Change The Team’s Name (NBC)

FedEx has asked the Washington Redskins to officially change their name, long condemned as an anti-Indigenous slur. The shipping company has communicated to the team a request that it change its name, FedEx confirmed Thursday in a statement to NBC News. FedEx owns the naming rights to the Maryland field where the team plays, and its chief executive, Fred Smith, owns a minority stake in the team. FedEx’s request comes a day after Adweek reported that 87 investment firms and shareholders worth $620 billion sent a letter urging FedEx, Nike and PepsiCo to stop doing business with the team until the name is changed.


In 2017, the Supreme Court struck down part of a law that bans offensive trademarks, which helped the team get the Redskins trademark back in 2018. The Trademark Trial and Appeal Board had canceled the registration as offensive to American Indians. [..] Mayor Muriel Bowser said last month on Washington radio station WTEM that the name has been an obstacle in getting the city its own stadium. “I think it’s past time for the team to deal with what offends so many people,” Bowser said. “And this is a great franchise with a great history that’s beloved in Washington, and it deserves a name that reflects the affection that we’ve built for the team.” [..] Dan Snyder, the team’s majority owner, told USA Today in 2013 that he would “never change the name.” “It’s that simple. NEVER — you can use caps,” he said.

Read more …

 

 

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Dec 032019
 
 December 3, 2019  Posted by at 9:51 am Finance Tagged with: , , , , , , , , , , ,  11 Responses »


Arthur Rothstein Texas Panhandle Dust Bowl Mar 1936

 

There Is No More Accurate Way To Describe All That Than As A Coup (Kunstler)
Republicans Issue 123-Page Defense Of Trump (G.)
Barr Disputes Major Horowitz Finding Based On Durham, CIA Evidence (ZH)
Leaked NHS Papers ‘Put Online By Posters Using Russian Methods’ (G.)
As Trump Heads To London For NATO Summit, Warnings On British Election (R.)
Japan Preparing $120-$230 Billion Stimulus Package As Recession Risks Grow (R.)
Third Bond Default By Chinese Electronics Firm Within A Month (SCMP)
Virginia Giuffre In Plea To Public Over Prince Andrew Scandal (G.)
EU Leaders To Push For Climate Neutrality By 2050 (R.)
Small American Farmers Are Nearing Extinction (Time)
At Least 135,000 Children In Britain Will Be Homeless At Christmas (G.)

 

 

The discussions are about to heat up, with different sides drawing entirely different conclusions from the same “facts”. It’ll be a spectacle.

Jim Kunstler is not about to let up.

There Is No More Accurate Way To Describe All That Than As A Coup (Kunstler)

Then there is the “Whistleblower,” this would-be pimpernel of perfidy hiding behind Adam Schiff’s apron under the false assertion that he is entitled to everlasting anonymity. What an idea under our system of jurisprudence! In fact, contrary to Mr. Schiff’s public pronouncements, there is no law that states what he claims — one of several things Mr. Schiff can be called to account for. And that is even if you accept the dishonest proposition that the fugitive who started this fiasco even was a whistleblower, rather than a rogue CIA officer acting on explicitly illegal political motives to interfere in the 2020 election. The CIA, you must know, is forbidden by charter and statute from operating against American citizens in-country, including the president of the United States. Under the circumstances, the so-called “Whistleblower” might fairly be accused of treason.


Has anyone failed to notice that one of the “Whistleblower’s” attorneys, Mark Zaid, tweeted notoriously on January 30, 2017 that “Coup has started. First of many steps. #rebellion. #impeachment will follow ultimately. #lawyers.” Mr. Zaid later explained, “I was referring to a completely lawful process.” Yeah, sure. I think he meant a completely Lawfare process. Of course, the engineered “Whistleblower” escapade was only the latest (perhaps the last) chapter in the annals of nefarious events and actions carried out far-and-wide by several government agencies for three years, and by many officials working within them, and not a few freelance rogues in their service. There is no more accurate way to describe all that except as a coup. The authorities looking into all that have not been heard from yet. The portentous silence is making a lot of people in Washington edgy.

Read more …

View from the anti-Trump camp.

Republicans Issue 123-Page Defense Of Trump (G.)

Donald Trump’s actions towards Ukraine were “entirely prudent” and involved “no quid pro quo, bribery, extortion, or abuse of power”, according to a draft Republican report on last month’s impeachment inquiry hearings. Designed as a pre-emptive strike on an imminent report from the Democratic majority, the GOP document underlines how evidence presented at the hearings failed to shatter Republicans’ united front. It also provides a blueprint for House Republicans to defend the US president at Wednesday’s judiciary committee hearing and for their Senate counterparts to acquit him in a trial.

Democrats accuse Trump of attempting to bribe the Ukrainian president, Volodymyr Zelenskiy, by making a White House meeting and nearly $400m in military aid conditional on Ukraine announcing two investigations that would boost Trump politically. The 123-page Republican report was prepared for Devin Nunes, Jim Jordan and Michael McCaul, the ranking members on the House intelligence, oversight and foreign affairs committees, respectively. It directly contradicts the testimony of career diplomats and makes little attempt to get to grips with the devastating evidence of Gordon Sondland, the US ambassador to the European Union, who spoke about the existence of a quid pro quo, or Fiona Hill, former top Russia expert at the White House, who warned against falling for Moscow’s propaganda about Ukraine’s role in the 2016 election.

Instead it spins the affair as a Democratic plot. Its executive summary begins with the premise that nearly 63 million Americans from around the country elected Trump in 2016 but now 231 House Democrats in Washington are “trying to undo the will of the American people”. It accuses the party of seeking to impeach the president from day one. “They are trying to impeach President Trump because some unelected bureaucrats chafed at an elected President’s ‘outside the beltway’ approach to diplomacy,” it says.

Read more …

Durham knows things that Horowitz doesn’t. Expect an anti-Barr campaign.

Barr Disputes Major Horowitz Finding Based On Durham, CIA Evidence (ZH)

Attorney General William Barr will dispute a fundamental finding in the upcoming Inspector General report – namely that the FBI was justified in launching an operation Crossfire Hurricane, the agency’s official covert counterintelligence investigation into links between the Trump campaign and Russian officials, according to the Washington Post. While IG Michael Horowitz is said to have concluded that the agency had enough information to launch the probe on July 31, 2016 after Trump campaign aide George Papadopoulos repeated a rumor that Russia had dirt on Hillary Clinton, Barr has reportedly told associates that Horowitz does not know about – or did not include – potentially exculpatory evidence held by other US agencies such as the CIA, which could alter his report’s conclusion.

In July, Fox News reported that exculpatory evidence existed which the FBI failed to include in surveillance warrant applications in which Papadopoulos denies having any contact with the Russians, when he was in fact told about the ‘Clinton dirt’ byJoseph Mifsud, a mysterious Maltese professor (and self-professed member of the Clinton foundation) who has ties to George Soros’ Open Society Foundation. Many believe Papadopoulos was the victim of an entrapment scheme, by which Mifsud would seed him with information that Australian diplomat would later extract from him in a London bar, which made its way to the FBI – officially leading to the launch of Operation Crossfire Hurricane. And the exculpatory evidence? Downer – a Clinton ally – likely recorded Papadopoulos saying he had no Russian contacts.

Barr’s information also comes from a concurrent, ongoing investigation into the Obama DOJ conducted by Connecticut US Attorney John Durham. Part of Barr’s reluctance to accept that finding is related to another investigation, one being conducted by Connecticut U.S. Attorney John Durham, into how intelligence agencies pursued allegations of Russian election tampering in 2016. Barr has traveled abroad to personally ask foreign officials to assist Durham in that work. Even as the inspector general’s review is ending, Durham’s investigation continues. -Washington Post

Barr, through Durham, has been investigating Mifsud – who told Italian media “I never got any money from the Russians: my conscience is clear,” adding “I am not a secret agent.” The Maltese professor is currently MIA. As the Post’s Devlin Barrett (who spoke with former FBI lawyer Lisa Page) notes, Barr’s disagreement with Horowitz not only sets the stage for a showdown within the DOJ, it will spark partisan outrage among Democrats who have already accused the AG of being Trump’s personal lawyer.

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The anti-Trump camp, are we surprised?, is also the anti-Corbyn camp. But this is quite the stretch. Putting Russia in the headline of an article that says there is no proof that Russia is involved.

Leaked NHS Papers ‘Put Online By Posters Using Russian Methods’ (G.)

Leaked documents said by Labour to prove that the NHS was “on the table” in trade talks with the US were initially disseminated online by anonymous posters operating in a way similar to a Russian information operation known as Secondary Infektion, according to a social media research firm. A 19-page report published on Monday by the consultancy Graphika said that while it could not conclusively prove a Russian origin to the leak, the early distribution of the cache of files via Reddit, three German-language websites and an anonymous Twitter account reflected a method of operation seen repeatedly over recent years.


There is no suggestion either that the NHS documents, produced by Jeremy Corbyn at a dramatic press conference last week, were fake, but the Graphika investigation highlights an intriguing series of efforts to get the leak picked up more widely at the end of October and beginning of November. Ben Nimmo, the head of investigations at Graphika, said: “What we are saying is that the initial efforts to amplify the NHS leak closely resembles techniques used by Secondary Infektion in the past, a known Russian operation. But we do not have all the data that allows us to make a final determination in this case.”

Read more …

Can Trump damage Boris?

As Trump Heads To London For NATO Summit, Warnings On British Election (R.)

U.S. President Donald Trump leaves on Monday for a NATO summit in London, where he is under pressure from British Prime Minister Boris Johnson to resist the temptation to wade into the looming British election. As a presidential candidate in 2016 and then as president since early 2017, Trump has shown no restraint in pushing for Britain’s exit from the European Union and critiquing the politicians involved in the country’s long-running Brexit debate. But with Johnson leading polls as he faces Dec. 12 elections, the prime minister who is hosting the London NATO summit wants Trump to mind the guard-rails, putting Trump in the unusual position of being asked to avoid his normal impulse to comment on whatever he wishes.


Trump waded into the election in October by saying opposition Labour Party leader Jeremy Corbyn would be “so bad” for Britain and that Johnson should agree on a pact with Brexit Party leader Nigel Farage. Johnson’s pressure prompted the White House to stress, as a senior administration official said, that Trump “is absolutely cognizant of not, again, wading into other country’s elections.” That strategy could be put to the test as Trump faces reporters a number of times on the trip, including at a news conference on Wednesday.

Read more …

Abenomics continues unabated.

Japan Preparing $120-$230 Billion Stimulus Package As Recession Risks Grow (R.)

Japan is preparing an economic stimulus package worth $120 billion to support fragile economic growth, two government officials with direct knowledge of the matter said on Tuesday, complicating government efforts to fix public finances. The spending would be earmarked in a supplementary budget for this fiscal year to next March and an annual budget for the coming fiscal year from April. Both budgets will be compiled later this month, the sources told Reuters, declining to be identified because the package has not been finalised. While the package would come to around 13 trillion yen ($120 billion), that would rise to 25 trillion yen ($230 billion) when private-sector and other spending are included.


However, the spending could strain the industrial world’s heaviest public debt burden, which tops more than twice the size of Japan’s $5 trillion economy. And despite the headline size of the stimulus, actual spending would be smaller in the current fiscal year, and economists are not expecting much of a boost. “We expect this fiscal year’s extra budget to total around 3-4 trillion yen. We should not expect it to substantially push up the GDP growth rate,” said Takuya Hoshino, senior economist at Dai-ichi Life Research Institute. The 13 trillion yen includes more than 3 trillion yen from fiscal investment and loan programmes, as the heavily indebted government seeks to take advantage of low borrowing costs under the Bank of Japan’s negative interest rate policy.

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Just 2 weeks ago they announced a plan to sell a majority stake to the local government. How did that work out?

Third Bond Default By Chinese Electronics Firm Within A Month (SCMP)

Tunghsu Optoelectronic Technology has failed to make good on a bond – its third in less than a month – as the struggles point to poor corporate governance among Chinese companies. The maker of electronic display panels, which reported ample cash holdings of more than 18 billion yuan as of September, missed an interest payment on its 1.7 billion yuan (US$241 million) onshore bond due on Monday, according to an exchange filing. The latest default has cast doubt on whether Tunghsu could meet its obligations on a US$44 million bond maturing in June 2020, after it defaulted two notes totalling 3 billion yuan on November 18.


Tunghsu is the latest in a growing list of Chinese defaulters this year, as banks have tightened their funding to private companies amid China’s slowest economic growth rate in nearly three decades. As of November 12, 45 Chinese corporate issuers had defaulted on interest or principal payments on bonds totalling 85.16 billion yuan, compared with 39 defaults on bonds worth 102.48 billion yuan for all of 2018, according to Reuters. Falling export orders as a result of the US-China trade war has strained the cash flow of manufacturers, while Beijing’s crackdown on shadow banking has also cut off alternative sources of capital for many small companies.

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Charles to the rescue?

Virginia Giuffre In Plea To Public Over Prince Andrew Scandal (G.)

A beleaguered Prince Andrew faced fresh embarrassment after his accuser Virginia Giuffre, who claims she was trafficked as a teenager to have sex with him, appeared on television to implore the British public to “not accept this as being OK”. In her first UK broadcast interview, Giuffre repeated allegations she had sex with the prince when she was aged 17 on the instructions of Ghislaine Maxwell, a socialite and close friend of the US financier and sex offender, Jeffrey Epstein, who killed himself in August. The prince, 59, whose relationship with Epstein has led to him standing down from public duties, has consistently and categorically denied the allegations, which Buckingham Palace said were “false and without foundation”.


BBC Panorama said it had uncovered a 2015 email from Andrew to Maxwell asking for help dealing with the allegations by Giuffre, previously Virginia Roberts. He wrote: “Let me know when we can talk. Got some specific questions to ask you about Virginia Roberts,” to which Maxwell replied: “Have some info. Call me when you have a moment.” In the interview that was broadcast on Monday, Giuffre said: “I implore the people in the UK to stand up beside me, to help me fight this fight, to not accept this as being OK. “This is not some sordid sex story. This is a story of being trafficked. This is a story of abuse and this is a story of your guy’s royalty.”

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When someone says 2050, ignore them.

EU Leaders To Push For Climate Neutrality By 2050 (R.)

European Union leaders meeting in Brussels next week will push to agree to put the bloc on net-zero greenhouse gas emissions by 2050, their draft joint statement showed on Monday, heralding a bitter fight looming at their gathering. The Dec. 12-13 summit of the bloc’s national leaders will aim to endorse “the objective of achieving a climate-neutral EU by 2050”, according to the document seen by Reuters. Previous attempts, however, were blocked by Poland, Hungary and the Czech Republic, who rely on highly polluting coal. They have previously said they oppose climate neutrality by 2050 for fear cutting greenhouse emissions will stifle their economies.


To convince the reluctant camp, the draft summit conclusions refer to “just and socially balanced transition”, the European Investment Bank’s announcement to unlock 1 trillion euros worth of green investment until 2030, the need to ensure energy security and competitiveness vis-à-vis foreign powers not pursuing such climate goals. The draft, prepared in advance of the leaders’ discussions, may still change. But it will eventually need unanimous backing of all EU national leaders for there to be agreement at the summit. The bloc’s new executive European Commission also aims to push for climate neutrality by mid-century and wants to make the EU’s 2030 climate targets more ambitious.

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You want your food good or cheap?

Small American Farmers Are Nearing Extinction (Time)

In the American imagination, at least, the family farm still exists as it does on holiday greeting cards: as a picturesque, modestly prosperous expanse that wholesomely fills the space between the urban centers where most of us live. But it has been declining for generations, and the closing days of 2019 find small farms pummeled from every side: a trade war, severe weather associated with climate change, tanking commodity prices related to globalization, political polarization, and corporate farming defined not by a silo and a red barn but technology and the efficiencies of scale. It is the worst crisis in decades. Chapter 12 farm bankruptcies were up 12 percent in the Midwest from July of 2018 to June of 2019; they’re up 50 percent in the Northwest. Tens of thousands have simply stopped farming, knowing that reorganization through bankruptcy won’t save them. The nation lost more than 100,000 farms between 2011 and 2018; 12,000 of those between 2017 and 2018 alone.


Farm debt, at $416 billion, is at an all-time high. More than half of all farmers have lost money every year since since 2013, and lost more than $1,644 this year. Farm loan delinquencies are rising. Suicides in farm communities are happening with alarming frequency. Farmers aren’t the only workers in the American economy being displaced by technology, but when they lose their jobs, they also ejected from their homes and the land that’s been in their family for generations. “It hits you so hard when you feel like you’re the one who is losing the legacy that your great-grandparents started,” said Randy Roecker, a Wisconsin dairy farmer who has struggled with depression and whose neighbor Leon Statz committed suicide last year after financial struggles forced him to sell his 50 dairy cows. Roecker estimates he’s losing $30,000 a month.

Read more …

Third world. Rich ruling class, and then the rest.

At Least 135,000 Children In Britain Will Be Homeless At Christmas (G.)

At least 135,000 children will be homeless and living in temporary accommodation across Britain on Christmas day – the highest number for 12 years – according to the housing charity Shelter. It estimates that a child loses their home every eight minutes – 183 children per day. At this rate, 1,647 children will become homeless between now and the general election on 12 December, and more than 4,000 by 25 December. London has the highest concentration of homeless youngsters, up 33% since 2014. About 88,000 children were homeless and in temporary accommodation in the capital at the beginning of 2019 – equivalent to one in every 24 children.


The capital has 26 of the 30 British local authorities with the highest rates of homeless children. Four councils – Haringey, Newham, Westminster and Kensington & Chelsea – had homeless rates of one in every 12 children. Outside London, the places worst affected were: Luton (one in 22 children); Brighton & Hove (one in 30); Manchester (one in 47); and Slough (one in 53). In Wales, one in 412 children are homeless, up 28% since 2015, while in Scotland one in 160 children were homeless, up 64% since 2014.

Read more …

 

 

 

 

 

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Aug 092019
 


Prince Andrew, Virginia Roberts Giuffre and Ghislaine Maxwell in 2001

 

The US Court of Appeals for the Second Circuit unsealed a batch of documents in the Jeffrey Epstein case today, as announced recently. Actually, it’s a case brought by Virginia Roberts Giuffre against Ghislaine Maxwell, Epstein’s madam and main procurer of little girls. Giuffre bought the case after Maxwell accused her of lying about the whole thing.

There’s still much more of this to come, and given the VIP status of many people mentioned in the case, and the documents, there’s no saying what exactly will be revealed.

But I thought I’d pick out a few bits, if only to show you to what extent your opinion on cases like this is being manufactured for you, without you realizing it of course. And if you think you DO realize it, chances are you are the sucker at the poker table.

First, the Guardian’s take:

Jeffrey Epstein: Large Tranche Of Files Released In Ghislaine Maxwell Lawsuit

A large tranche out of 2,000 pages of potentially explosive documents in a lawsuit against Ghislaine Maxwell – the British socialite and daughter of former media tycoon Robert Maxwell accused of acting as a recruiter of girls and women for disgraced financier Jeffrey Epstein – have been made public. Virginia Giuffre, one of Epstein’s many accusers, filed a Manhattan federal court lawsuit against Maxwell in 2015, alleging defamation.


Giuffre, née Roberts, claimed Maxwell defamed her by calling her a liar over her allegations against Maxwell and Epstein. Giuffre has alleged that Maxwell recruited her to work as a masseuse for Epstein when she was 15 and had been working as a locker-room attendant at Donald Trump’s Mar-a-Lago club in Florida. Giuffre had previously alleged that Epstein, who had political connections, forced her into sexual encounters with Prince Andrew.

That’s an introduction in case you still needed it. And the best the paper can do after that is regurgitate a bunch of Trump quotes, along with a two decades old photo of Trump and Epstein:

Epstein, a financier whose net worth is now thought to be some $560m, also associated with Donald Trump and Bill Clinton. Trump, who was pictured partying with Epstein and women in the 1990s, has recently attempted to distance himself from the financier. In the wake of Epstein’s arrest last month, Trump told reporters he “knew [Epstein], like everybody in Palm Beach knew him”, but added: “I had a falling out with him. I haven’t spoken to him in 15 years. I was not a fan of his, that I can tell you.”


However, in a 2002 profile of Epstein from New York magazine, Trump was quoted as saying: “I’ve known Jeff for 15 years. Terrific guy. He’s a lot of fun to be with. It is said that he likes beautiful women as much as I do, and many of them are on the younger side.” Clinton also distanced himself from Epstein in a statement issued by his press secretary, saying he had “not spoken to Epstein in well over a decade” and “knows nothing about the terrible crimes Jeffrey Epstein pleaded guilty to in Florida some years ago, or those with which he had been recently charged in New York”.

Now, if you turn these two quotes around, and you start with the 2002 one and follow it with the morse recent quote, what you end up with is Trump at first being unaware of who Epstein is and upon finding out, distancing himself from the man. There’s also the alleged fact that Trump threw Epstein out of Mar-a-Lago some 15 years ago for forcing himself upon an underage girl.

I’m not trying to exonerate Trump, and may he burn in the same hell Epstein is going to if he’s guilty of the same depraved behavior, it’s just that I haven’t seen any proof, merely another endless tempest of innuendo, such as we’ve seen about Trump for 3 solid years now. Anybody remember Russiagate?

And you know, this is from the Guardian, whose simplistic worldview is everything Trump=BAD and everything Putin=BAD. But it’s still a bit puzzling. If they assigned a reporter, or more, to the story, how is it possible that the reporter(s) didn’t pick up on the one thing that is actually newsworthy about it? I think I know how that is possible: Trump=BAD.

I hadn’t seen any reports of Trump being on an Epstein plane to date, but CNBC’s coverage of the unsealed documents lifts a little piece of the veil. He WAS on an Epstein plane, albeit over 22 years ago, but it wasn’t the Lolita Express that flew underage girls and VIPs from various US locations to Epstein’s private Caribbean island. It was just Palm Beach to Newark.

That is something I’ve been wondering about for a while: We know that Bill Clinton was on that Lolita Express at least 26 times, yet there are no reports of Donald Trump having been on it even once. But just about any article that deals with Epstein has a 20-year-old photo of him with Trump.

Giuffre names names, 5 in particular, as CNBC found out from the docs. Wait, but the Guardian did not find these names?! What was the Guardian looking for then?

Court Documents About Jeffrey Epstein, Accused In Sex Traffic Case, And His Alleged Procurer Ghislaine Maxwell

The documents include one containing flights records showing that President Donald Trump flew on Epstein’s private plane in January 1997, from a Palm Beach, Florida, airport to Newark, New Jersey. In another document, one of Epstein’s accusers, Virginia Giuffre, says Maxwell directed her to have sex with a former governor and other prominent people.

The files released Friday are part of a defamation lawsuit that Giuffre filed against Maxwell several years ago. The suit accused Maxwell of calling Giuffre, a liar for claiming that Maxwell and Epstein sexually abused her when she was underage. Giuffre had also alleged that she was sexually abused while in Epstein’s circle by “numerous prominent American politicians, powerful business executive, foreign presidents, a well-known Prime Minister and other world leaders,” as well as noted lawyer Alan Dershowitz, a Harvard Law professor.

[..] On Friday, the 2nd Circuit Court of Appeals rejected Maxwell’s request to have the full circuit review an earlier decision by a three-judge appeals panel that had denied Maxwell’s effort to keep the entire case sealed. The circuit court sent the case back to the district court, where a judge will decide how much of the remaining documents will be unsealed. It also unsealed documents that included pleadings in the defamation case, depositions, and other material.

Among the documents unsealed is deposition of Giuffre, in which she says that Maxwell directed her to have sex with Prince Andrew of Britain, former New Mexico Gov. Bill Richardson, hedge funder Glenn Dubin, late MIT scientist Marvin Minsky, modeling company founder Jean Luc-Brunel, the owner of large hotel chain, and another prince. In that deposition, when asked if she was angry at Epstein, Giuffre answered, “Furious.” Asked if she was angry at [Alan] Dershowitz, Giuffre said, “Absolutely.”

But all the above, the Guardian and CNBC, is only an lead-in to what made me take this up. The first I read about the unsealing was from Adam Klasfeld at CourtHouseNews via Zero Hedge. And there is not one iota of doubt about what is the main take-away from the first batch of unsealed docs. None. How did the Guardian miss this then, and CNBC? Is it incompetence? You be the judge.

Epstein Documents Hit; Accuser Says Trump ‘Didn’t Partake In Any Sex With Any Of Us’

The US Court of Appeals for the Second Circuit has ordered the partial release of what is expected to be approximately 2,000 pages of documents related to convicted pedophile sex offender Jeffrey Epstein. The document release stems from a 2015 defamation lawsuit in New York brought by Epstein accuser Virginia Roberts Giuffre against Epstein’s ‘Madam’ – Ghislaine Maxwell.

Giuffre says Maxwell helped Epstein traffic herself and other underage girls to sex parties at the billionaire pedophile’s many residences. The case was settled in 2017 and the records were sealed – leading to an appeal by filmmaker and author Mike Cernovich, who was later joined by the Miami Herald and several other parties including lawyer Alan Dershowitz – who has sought to clear his name in connection with Epstein’s activities.

[..] While Epstein’s ties to former President Bill Clinton and other famous figures are well known – all of whom have tried to distance themelves in recent weeks, much has been made about the relationship between President Trump and the pedophile financier.

Following a 2011 article by journalist Sharon Churcher claiming that Donald Trump was a “good friend of Jeffrey’s,” Giuffre was asked to clarify Churcher’s possible misquote that “Donald Trump was also a good friend of Jeffrey’s,” and that Trump “Didn’t partake in any” of — “any sex with any of us but he flirted with me.” “It’s true that he didn’t partake in any sex with us, and but it’s not true that he flirted with me. Donald Trump never flirted with me,” said Giuffre.

That main take-away, the Big Kahuna, which concerns the President of the United States, is that Giuffre fully exonerates Trump. At least for what she has witnessed of Epstein’s behavior. And Giuffre, if you follow the story, was a pretty central figure in the Epstein/Maxwell depravity. And she was that for many years. So you would think that must be the Guardian’s big fat headline tomorrow morning. Yeah, good luck.

The Guardian wrote the story for you long ago -and you don’t get a say-: Trump=BAD and Putin=BAD and Julian Assange=BAD and Jeremy Corbyn=an antisemite, so also BAD.

Here are the docs:

 

And:

 

And I keep on asking myself: how is it possible that Ghislaine Maxwell is still walking around free? Does she have something on every single DA in the US?

Also, the news out of those unsealed docs is that the President of the United States is exonerated by perhaps the no. 1 victim in Jeffrey Epstein’s cabal, and the media just “forget” to report on that?

 

 

 

 

Jul 192019
 


Gustave Moreau Helen on the Walls of Troy 1885

 

First of all, I dearly wish I never had to read or write about Jeffrey Epstein again. But I can’t. And going over the reports about him, and watching the videos below (I’m sure there’s a thousand more), I started thinking I don’t see how he can have much longer to live. (Note as always that if you receive this through email, the videos may not show properly. If someone can explain why, and what to do about that, I’m game. Meanwhile, please go to the TAE site.)

There are three main threats to Jeffrey Epstein’s life (or four, if you include his victims). No. 1 is his fellow inmates in the Manhattan MCC. He’ll be in very strict isolation, because inmates and pedophilia is a very explosive combination. So isolation, but that’s never 100%.

And Judge Berman yesterday ordered him in jail until his trial(s), instead of in his $77 million Manhattan mansion not far from that same prison, so he’ll be there a while; that trial could take a very long time to happen, even years. All the more chance for an inmate to make an easy $1000 by offing him.

The no. 2 threat is Epstein himself. Berman’s decision means he’s very unlikely to ever get out again. Chances of him being declared innocent are as close to zero as as anything Kelvin. So why would he want to continue to live? Perhaps his lawyers try and tell him he’s always got a shot, and there’s always a next court date, but he doesn’t strike me as fully delusional.

I could be wrong, sure, about much of all this, but I don’t think so. The no. 3 threat is, obviously, the people he might “sing” about. And that’s an litany of the world’s who’s who. No doubt the FBI may already have their IDs and photos and what-not, but why chance it when you can take down the -potential- crown witness?

Now, if we may believe just 10% of what George Webb talks about in the last video in this article, everybody who’s anybody in government, secret services et al in the whole wide world should feel threatened right now. But those 2,000 pages from 2015 that Judge Berman ordered to be unsealed are not yet public, and you can bet your donkey that the cream of the global lawyer and secret service crop are going over them as you read this.

Will we ever know what Epstein really did? The odds are not in favor of that. But let’s try and have a look anyway. See if we can -to an extent- make up our minds based on that.

 

First up, an interview with Virginia Roberts Giuffre, one of Epstein’s main accusers. And Ghislaine Maxwell’s, don’t let’s forget that. She’s still walking around free, amazingly.

This is a Miami Herald video linked to Julie K. Brown’s series for the Miami Herald last fall on Epstein. It was posted to YouTube by the Miami Herald on Nov 30, 2018. It took another 8 months for him to be arrested. The 2,000 pages “supposed” to be unsealed soon stem from a case Roberts Giuffre brought in 2015.

 

 

Fast forward to the present, this is from RT on July 18, tackling the fact that Judge Berman refused to let Epstein out on bail. It’s not all the greatest stuff, but you DO get the feeling.

 

 

This I found interesting, Fox, also from July 18, because it targets Prince Andrew. Is MI6 going to be able to muffle away the obviously very strong and long-term connection between Epstein and Andrew? I’m thinking they’d probably have to get those 2,000 pages re-sealed. Or, you know, burned down. Nuked.

 

 

And then there’s George Webb. Now he is, I understand, someone who’s known as a conspiracy theorist, but then many people are in some circles, including myself, This video was posted on July 8 2019, 2 days after Epstein’s arrest. My thought while watching this is he may be wrong on some things, he may even be making a few points up, but when you’re that detailed on events that occurred over such a long time, you’re either on very powerful drugs or you’re not entirely wrong. Check for yourself.

 

 

To summarize my thoughts on this, and the reason I started writing this, I can’t see Epstein living much longer. There are too many people who would rather see him dead, including perhaps himself. And there are very few people who want him to get into lengthy talks with prosecutors who are actually looking for the truth.

Now of course we must wonder if any prosecutor wants that truth. Alex Acosta left his US government job because “Epstein is intelligence” was not enough to let him keep his job. And if we can believe some of the stories about the CIA, the State Dept and Mossad being linked to Epstein (and we got worse than that), it looks like he’s just got to go. Unless someone, or some party involved, has a reason to protect him against all odds. If only to handicap some other people.

After this piece I really hope I never have to write about this topic again. My hopes of that are not overly high, but I do have to say I have a very hard time thinking about child -sex- abuse. I also think we must think much harder about why it is that we pick predators to lead our societies. Because this hardly ever fails, doesn’t it? A bunch of sexual deviants rise to the top everywhere.

Sexual predation appears to be some inevitable part of political power. Not everywhere and not all the time, but far too much for comfort.

Let’s hope enough of those predators are exposed through the Jeffrey Epstein case. But, you know, listening to George Webb, you think of the oil sheikhs and the girls being trafficked by Epstein and others, from the Balkans and dirt poor African countries, and you ask yourself, what are the odds of full exposure?