Sep 012023
 
 September 1, 2023  Posted by at 8:41 am Finance Tagged with: , , , , , , , , ,  35 Responses »


Laurits Andersen Ring At Breakfast 1898

 

US Getting ‘Money’s Worth’ In Ukraine – Sen. Blumenthal (RT)
US Congress To Consider Pro- and Anti-Nazi Amendments (RT)
Heritage Suggested We Form A Ukraine Strategy. Neocons Lost Their Minds (Fed.)
Living on a War Planet (Bromwich)
Hungary Blocks EU Military Aid To Ukraine – Borrell (RT)
Biden Will Use Covid To Rig Election – Trump (RT)
Trump Reportedly Rambled Non-Stop During NY Deposition (Manley)
‘Obama’s Man In Africa’ Under House Arrest As Popular Coup Rocks Gabon (GZ)
The Real Threat From China: They’re Better at Capitalism Than We Are (Lawrence)
Does BRICS Need Its Own Currency? (Pepe Escobar)
From One Unapologetic Media Hoax to the Next (VDH)
New Meanings of ‘Deep State’ and ‘Working Class’ (Matt Taibbi)
Glyphosate Exposure Linked to Severe Depression and Cognitive Decline (SP)

 

 

 

 

Watters Biden book

 

 

RFK
https://twitter.com/i/status/1697198312259006945

 

 

Tulsi

 

 

Macgregor

 

 

Hotel Ukraine

 

 

Tucker Portnoy

 

 

 

 

 

 

“We’ve helped restore faith and confidence in American leadership — moral and military..”

Have we completely lost oversight of how obscene this is?

US Getting ‘Money’s Worth’ In Ukraine – Sen. Blumenthal (RT)

The US is using Ukraine as the “tip of the spear” against Russia, getting a major return on its “investment” in Kiev without any American lives lost, according to Senator Richard Blumenthal, a Connecticut Democrat. “Even Americans who have no particular interest in freedom and independence in democracies worldwide, should be satisfied that we’re getting our money’s worth on our Ukraine investment,”Blumenthal argued in an op-ed, published earlier this week by the Connecticut Post. “For less than 3 percent of our nation’s military budget, we’ve enabled Ukraine to degrade Russia’s military strength by half. We’ve united NATO and caused the Chinese to rethink their invasion plans for Taiwan.

“We’ve helped restore faith and confidence in American leadership — moral and military. All without a single American service woman or man injured or lost, and without any diversion or misappropriation of American aid,” he claimed. The senator’s unsubstantiated and unverifiable claims were made after he visited Kiev with fellow Democrat Elizabeth Warren of Massachusetts and Republican Lindsey Graham, a South Carolina Republican. Blumenthal was impressed by Zelensky’s “magnetic energy” and “resolve and resilience,” and taken by his admission that “Ukraine could not have survived without America and our allies.” “Ukraine is at the tip of the spear, fighting our fight for independence and freedom,” the senator claimed.

Zelensky doesn’t want or need US troops, but “he deeply and desperately needs the tools to win,” Blumenthal added, providing a wish list of more tanks, planes, guns, ammunition and everything else. The US has so far committed over $130 billion in funding to Ukraine, covering everything from HIMARS multiple rocket launch systems, M777 towed artillery, M1 Abrams tanks, Bradley infantry fighting vehicles, Javelin and Stinger missiles, Patriot air defense batteries, ammunition, equipment, and even salaries for Ukrainian soldiers and government officials.

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Obscene 2. Funding Azov.

US Congress To Consider Pro- and Anti-Nazi Amendments (RT)

Congresswoman Victoria Spartz, an Indiana Republican, has proposed an amendment to the 2024 Pentagon funding bill that would remove the 2018 prohibition on funding ‘Azov’ due to the Ukrainian unit’s neo-Nazi character. Fellow Republican Andy Ogles of Tennessee, on the contrary, wants to explicitly ban the Pentagon from providing intelligence to Azov. The Spartz amendment would “Strike section 8105 of the bill which prohibits funds to the ‘Azov Battalion’,” according to documents posted on the website of the House Rules Committee. It would amend HR 4365, the Department of Defense Appropriations Act for the next fiscal year, which begins in October. Journalist Aida Chavez noticed the amendment on Thursday, along with several other proposals by Republican lawmakers, who have a slim majority in the House.

Ogles, on the other hand, wants to expand Section 8105 to ban the US from providing intelligence to Azov, and also ban any aid to the ‘Russian Volunteer Corps’ (RVC). He had previously tried to ban any “funding, equipment, training, fuel, or other support” to “the Russian Volunteer Corps, the Azov Battalion, or any other neo-Nazi militia” in Ukraine in an amendment to the National Defense Authorization Act (NDAA). ‘Azov Battalion’ was originally a militia set up by the notorious neo-Nazi Andrey Biletsky after the 2014 US-backed coup in Kiev, that took part in Ukraine’s crackdown on dissidents in Kharkov and Donetsk. Biletsky admitted to several Western outlets that he handpicked their symbols – the ‘Wolfsangel’ rune used by the German 2nd SS Panzer Division ‘Das Reich’ in WWII, and the ‘Black Sun’ logo beloved by SS leader Heinrich Himmler.

Spartz was elected in 2020 and represents Indiana’s 5th congressional district. She was born in Chernigov, in present-day Ukraine, and immigrated to the US in 2000. Her amendment is the first time any US lawmaker has attempted to repeal Section 8105 since it was passed in 2018. In late 2019, a group of 40 House Democrats wrote to the State Department describing Azov as a “violent white supremacist” group “that openly welcomes neo-Nazis into its ranks.” The unit responded by accusing them of hostility to Ukraine. Azov has since been fully integrated into Ukraine’s armed forces. The ‘Azov Tactical Group’ is currently operating as part of the 3rd Separate Assault Brigade, recently visited by President Vladimir Zelensky on the Donbass front.

Several other House Republicans have proposed more Ukraine-related amendments to the Pentagon funding bill. Matt Gaetz of Florida and Marjorie Taylor Greene of Georgia want to block any funds from being used for Ukraine. Greene also wants to ban “the conduct of ground operations in Ukraine by the US Armed Forces or intelligence officials of the US.” Paul Gosar of Arizona has proposed redirecting all $300 million from the Ukraine Security Assistance Initiative (Section 8104) to the pay of enlisted service members, while his colleague Andy Biggs wants to delete the entire section outright. Montana’s Matt Rosendale would block all spending on Ukraine “until a border wall system along the US-Mexico border is completed and operational control of such border is achieved.”

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“..even if one accepts that we should be supporting Ukraine to the hilt, it’s fair to ask what the plan is to end the war — and no, “until Russia is totally defeated” is not a serious response, much less a strategy.”

Heritage Suggested We Form A Ukraine Strategy. Neocons Lost Their Minds (Fed.)

The Heritage Foundation came under fire [last] week from a bunch of politically toxic neocons for suggesting we should prioritize helping Americans suffering from natural disasters like the Maui wildfires over funding a grinding war of attrition between Ukraine and Russia. A radical suggestion, I know. The background here is that under the leadership of President Kevin Roberts, Heritage has been saved from irrelevance by focusing less on what establishment neocon Beltway elites think is important and more on what ordinary Americans actually want. And one of the things they want is for Congress to stop pouring taxpayer dollars into Ukraine. In an op-ed last week, Roberts noted this as part of a pointed criticism of an underhanded White House plan to force another round of aid to Ukraine into a supplemental funding bill that would add money to FEMA’s depleted Disaster Relief Fund (DRF).

Roberts rightly says this is a dirty trick designed to pressure Republicans to support more aid to Ukraine by tying it to aid for hurricane and wildfire victims. Then this week, Heritage posted a couple of ads making the entirely fair point that every American has now sent more money to Ukraine than to the victims of the Maui fires. One of those ads argued that until the Biden administration comes up with a plan to end the war, Congress shouldn’t approve another cent of aid. Reasonable people can disagree about how much support Americans owe the Ukrainians in their struggle against Russia. But even if one accepts that we should be supporting Ukraine to the hilt, it’s fair to ask what the plan is to end the war — and no, “until Russia is totally defeated” is not a serious response, much less a strategy.

This war, like nearly all wars, will end with a negotiated political settlement. Since American taxpayers are funding the war, they deserve to know if our leaders have a plan to end it that doesn’t amount to World War III. As the war drags on, it seems increasingly obvious they do not have such a plan. Their only policy seems to be to keep funneling money into Ukraine with little to no oversight and no strategy to forge a durable peace settlement. But for Heritage to articulate all of this was too much for the neocons. As with one voice, they denounced Heritage and invoked Ronald Reagan, declaring that Reagan is surely “rolling over in his grave,” as both Marc Thiessen and Avik Roy put it. National Review’s Jay Nordlinger went a step further, pronouncing that the Heritage Foundation has become a “moral obscenity.”

Elsewhere at NR — which unlike Heritage has not managed to escape irrelevance — there was an unintentionally hilarious post from Dominic Pino critiquing Heritage’s position on U.S. aid to Ukraine. Pino managed to sum up the neocon worldview in a single line, noting that “not all the money goes to Ukrainians. Much of it goes to U.S. defense contractors, which employ Americans and contribute to U.S. economic output.” Ah yes, there’s nothing like bankrolling foreign wars with no end-game strategy to get the American economy going. Defense contractors are Americans too! Think about it, the Ukraine war is a U.S. jobs program!

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Q: If, as the author here, you realize the Russia SMO was provoked, at what point does the reaction to the provocation become “illegal and immoral”?

The provocation was not just a virtual further eastward extension of NATO, but Ukraine had gathered a huge military force (200-300K) looking ready to invade the Donbass. After killing some 14,000 there over 8 years.

Living on a War Planet (Bromwich)

The Russian invasion of Ukraine was an illegal and immoral act, but the adjective that usually follows illegal and immoral is “unprovoked.” In truth, this war was provoked. A contributing cause, impossible to ignore, was the eastward extension of NATO, always moving closer to the western borders of Russia, in the years from 1991 to 2022. That expansion was gradual but relentless. Consider the look of such a policy to the country –- no longer Communist and barely a great power — which, in 2013, American leaders again began to describe as an adversary. With the end of the Cold War in 1991 (the very global conflict that gave NATO its reason for being), the eastward projection of the alliance accelerated dramatically.

Hungary, Poland, and the Czech Republic, all former members of the Soviet bloc, were brought into NATO in 1999; and 2004 witnessed an even richer harvest of former satellites of the USSR: Bulgaria, Estonia, Latvia, Lithuania, Romania, Slovakia, and Slovenia, all either near to or bordering on Russia. Then came the Bucharest Summit Declaration of April 2008: Georgia and Ukraine, the NATO heads of state announced, would be given the opportunity to apply for membership at some future date. If you want to know why Putin and his advisers might have considered this a security concern for Russia, look at a map. The United States has supported Ukraine with copious donations of weapons, troop-trainers, and logistical and technical advisers left to work the interoperable targeting equipment we “share” with that country. Between 2014 and 2022, NATO drilled at least 10,000 Ukrainian troops per year in advanced methods of warfare.

In the war itself, weapons supplies have climbed steadily from Stinger and Javelin missiles to Abrams tanks (whose greenhouse-gas environmental footprint is 0.6 miles per gallon of gas, or 300 gallons every eight hours of use), to cluster bombs, and most recently the promise of F-16s. All this has put fresh wind in the sails of the weapons manufacturers of the American military-industrial-congressional complex. In May 2022, the CEO of Lockheed Martin thanked President Biden personally for his kindness. F-16s, after all, are big money-makers. As for the additional fuel that ordinary Ukrainians require, it is now being sequestered underground by Ukrainian commodities traders at enormous environmental risk.Wars and their escalation — the mass destruction of human life that is almost invariably accompanied by destruction of the natural world — happen because preparations for war bring leaders ever closer to the brink. So close, in fact, that it feels natural to go on.

That was certainly the case with Russia, Ukraine, and NATO, and the escalation that followed. Examples of such escalation are indeed the rule, not the exception in time of war.Think of the invention, testing, and strategic planning that led to the dropping of the first nuclear bomb on Hiroshima on August 6, 1945. In Jon Else’s extraordinary documentary The Day After Trinity, the physicist Freeman Dyson offered a sober analysis of the momentum driving the decision to use the bomb: “Why did the bomb get dropped on people at Hiroshima? I would say: it’s almost inevitable that it would have happened — simply because all the bureaucratic apparatus existed by that time to do it. The air force was ready and waiting. There had been prepared big airfields in the island of Tinian in the Pacific from which you could operate. The whole machinery was ready.”

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“..Hungarian FM Peter Szijjarto described the EU as being in a “very bad shape” due to the Ukraine conflict, “worse than at any time in the past, in terms of security, economy and energy supply.”

Hungary Blocks EU Military Aid To Ukraine – Borrell (RT)

The EU has been unable to release €500 million in ‘European Peace Facility’ funding for Ukraine, due to opposition from one of the members, the bloc’s foreign policy commissioner Josep Borrell told reporters on Thursday. The country was later identified as Hungary. “I have to regret that the 8th tranche of the European Peace Facility (EPF) is still blocked,” Borrell said after an EU ministerial meeting in Toledo, Spain. “I hope we will be able to unblock [it] in the next [few] weeks. But this is a problem that is still pending to be solved.” Budapest has been blocking the EPF funds for months, objecting that Kiev has designated a major Hungarian bank as a ‘war sponsor’. The bloc has used the EPF, established in March 2021, as a way to fund weapons and ammunition deliveries to Ukraine outside of normal budgetary procedures.

Following the meeting of EU defense ministers on Wednesday, Borrell spoke of the need to train more Ukrainian troops faster, noting that almost 40,000 conscripts will have undergone training at various EU sites this year, including at the Spanish military academy in Toledo itself. Thursday’s meeting involved foreign ministers, and included a briefing by Ukrainian FM Dmitry Kuleba. At the press conference, Borrell spoke of the need for the EU to support Ukraine “today, tomorrow and always” in a manner that is “predictable and sustainable,” but mainly financial. The Spanish politician again mentioned that he had proposed to the European Commission to create a new Ukraine Assistance Fund, spanning the period from 2024 to 2027, and expressed hope the body would “reach an agreement by the end of the year.”

Borrell envisioned the fund to amount to about €5 billion annually, for a total commitment of €20 billion over the next four years. While Borrell spoke as if Brussels could afford to leverage its entire economic, political, and military might in the service of Ukraine, Hungary has been skeptical of the bloc’s policies. Speaking at a forum in Slovenia earlier this week, Hungarian FM Peter Szijjarto described the EU as being in a “very bad shape” due to the Ukraine conflict, “worse than at any time in the past, in terms of security, economy and energy supply.” The bloc’s commitment to arming Ukraine has made it unable to broker a peace, while the EU’s energy, security, and economic prosperity have been dealt serious blows by the embargo against Russia, according to Szijjarto.

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“..it was Trump himself who continuously renewed the state of emergency declaration used to justify the changes.

He also imposed a nationwide lockdown in March and April 2020, issued national guidelines recommending the closing of schools, and appointed the pro-mandate Dr. Anthony Fauci..”

Biden Will Use Covid To Rig Election – Trump (RT)

Former US president Donald Trump has claimed that President Joe Biden’s administration will take advantage of the reemergence of Covid-19 to rewrite election rules in order to prevent him from winning the upcoming election. “The left-wing lunatics are trying very hard to bring back covid lockdowns and mandates with all of their sudden fear mongering about the new variants that are coming,” Trump said in a video message released on Thursday. “Gee whiz, you know what else is coming? An election.” “They want to restart the covid hysteria so they can justify more lockdowns, more censorship, more illegal drop boxes, more mail-in ballots and trillions of dollars in payoffs to their political allies heading into the 2024 election,” he continued, adding “does that sound familiar?”

The threat of Covid-19 was invoked by both Democrat and Republican governors to change election laws in 2020. Mail-in ballots were issued to more voters and accepted beyond the usual election-day deadline, party activists were permitted to harvest ballots from drop-boxes, and absentee ballots were accepted without witness signatures. The implementation of these laws varied from state to state, with Democrat-run states typically waiving the most rules. While these changes resulted in an election that defied almost every traditional indicator to end in Trump’s loss, it was Trump himself who continuously renewed the state of emergency declaration used to justify the changes.

He also imposed a nationwide lockdown in March and April 2020, issued national guidelines recommending the closing of schools, and appointed the pro-mandate Dr. Anthony Fauci to lead his coronavirus task force. “To every Covid tyrant who wants to take away our freedom, hear these words: we will not comply, so don’t even think about it. We will not shut down our schools; we will not accept your lockdowns; we will not abide by your mask mandates; and we will not tolerate your vaccine mandates,” Trump continued in Thursday’s video. “They rigged the 2020 election and now they’re trying to do the same thing all over again by rigging the most important election in the history of our country.”

Public health officials are currently tracking the spread of two new coronavirus variants: EG.5, or Eris, and BA.2.86. While the Centers for Disease Control and Prevention no longer tracks new cases of the virus, its most recent figures show a 19% increase in hospitalizations and a 17% increase in deaths between the second and third week in August. However, only a quarter as many people were hospitalized this month as during the same month last year, and most of those receiving treatment are over the age of 65, CDC Director Mandy Cohen said on Tuesday. Nevertheless, universities in Georgia and Louisiana have already reimposed mask mandates, as have some healthcare providers and other businesses.

https://twitter.com/i/status/1697083418947801265

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Quite funny.

Trump Reportedly Rambled Non-Stop During NY Deposition (Manley)

Last year, New York Attorney General Letitia James claimed the Trump Organization illegally increased their profits by hundreds of millions of dollars by exaggerating the value of their properties. A transcript of a deposition recently revealed that former US President Donald Trump rambled so frequently throughout a formal interview that a lawyer with the Office of the New York Attorney General griped: “We’re going to be here until midnight.” The deposition was made public ahead of Trump’s September 22 hearing over a state lawsuit that accuses the former commander-in-chief of engaging in business fraud practices that saw his net worth skyrocket by some $2 billion.
The attorney general’s case against Trump indicates the former president, as well as his two eldest sons, and two of his former top executives repeatedly inflated his net worth in financial filings made on behalf of the Trump Organization.

Prosecutors argue that by doing so, it helped Trump deceive banks into extending lower-cost loans that saved him hundreds of millions of dollars in interest. During the seven-hour deposition, Trump rambled about various topics including his “beautiful” marble bathrooms, a reference to the historical figure George Washington, and boasted that he could have done more sales than “ever” during his presidency. When asked how his children’s roles in the Trump Organization changed after he was elected to the US presidency, Trump strayed from the answer and began to talk about North Korea. “I was interested in solving the problem with North Korea, which was ready to blow up, and solving the problems we had with China, who was just ripping us off left and right, and making sure that Russia never went into Ukraine, which they didn’t, under our auspices and, you know, a lot of other things,” Trump said as part of his lengthy response.

When the former president was asked to clarify his answer, he continued to pile details onto his response. “I think you would have a nuclear holocaust, if I didn’t deal with North Korea. I think you would have a nuclear war, if I weren’t elected. And I think you might have a nuclear war now, if you want to know the truth,” Trump said. The attorney general’s lawyer, Kevin Wallace, then responded: “I’m not going to use my seven hours on nuclear war.” When asked how involved he was in his family’s business dealings during his presidency, Trump launched into another lengthy answer in which he boasted about the properties that the Trump Organization owns. “We have properties that make money, but you can sell for many, many times because of the quality of the property like a Turnberry in Scotland,” said Trump, who complained several times that the lawsuit was “unfair.”

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“Irresponsible and unpredictable governance has led to a steady deterioration in social cohesion, threatening to drive the country into chaos..”

‘Obama’s Man In Africa’ Under House Arrest As Popular Coup Rocks Gabon (GZ)

When a military junta arrested President Ali Bongo Ondimba on August 30, Gabon became the ninth African nation to depose its government through a military coup. As citizens of Niger, Burkina Faso and Mali did before them, crowds of Gabonese poured into the streets to celebrate the removal of a Western-backed leader whose family flaunted its lavish lifestyle while more than a third of the country’s population languished in destitution. “Irresponsible and unpredictable governance has led to a steady deterioration in social cohesion, threatening to drive the country into chaos,” a leader of Gabon’s junta, Col. Ulrich Manfoumbi, declared upon seizing power. President Bongo’s arrest was met with indignant condemnations from Washington and Paris, which had propped him up as he pillaged his country’s vast oil wealth.

His ouster represented a particularly sharp rebuke of former President Barack Obama, who groomed the Gabonese autocrat as one of his closest allies on the continent, and leaned on him for diplomatic support as he waged a war on Libya that unleashed terror and instability across the region. So close was the bond between Obama and Bongo that Foreign Policy branded the Gabonese leader, “Obama’s Man in Africa.” With Obama’s help, Bongo attempted to fashion himself as a reformist modernizer. He traveled repeatedly to Davos, Switzerland to attend the World Economic Forum, where was appointed an “Agenda Contributor.” There, he pledged to accelerate the Fouth Industrial Revolution in Africa by implementing lucrative digital identification and payment systems among his country’s heavily impoverished population.

Bongo’s bio on the WEF website lists him as a “spokesperson for Africa on biodiversity” and “composer of musical pieces” whose interests include “history, football, classical music, jazz and bossa nova.” The self-styled renaissance man managed to hit it off with Obama, kibitz with Klaus Schwab, and press the flesh with Bill Gates. But at home, he found few friends among the struggling Gabonese masses. Ali Bongo rose to power as the son of the late Gabonese autocrat Omar Bongo Odinmba, who ruled the country from 1967 to his death. In 2004, a year after discussing a $9 million image-washing deal with disgraced Republican lobbyist Jack Abramoff, Bongo secured a meeting with President George W. Bush. When he died five years later, he left behind a $500 million presidential palace, over a dozen luxurious homes from Paris to Beverly Hills, and a country overrun with inequality.

[..] nothing on the Bongo family’s lengthy and well-documented record of corruption seemed to bother President Barack Obama when he embarked on a regime change operation in Libya ironically justified as an exercise in “democracy promotion.” With Washington’s help, Gabon was rotated into the UN Security Council, where it functioned as a rubber stamp for US resolutions demanding sanctions and a No Fly Zone on Libya in February 2011. Bongo’s cooperative spirit earned him a visit with Obama in Washington four months later. There, while staying at the president’s personal residence, he became the first African leader to call for Qaddafi to give up power. “They could call any African leader with private cell numbers,” then US Ambassador to Gabon Eric Benjaminson remarked to Foreign Policy, referring to Bongo’s staff. “They knew Qaddafi and they knew his chief of staff very well, and we were trying to work through the Gabonese to get Qaddafi to step down without military action.” Benjaminson added, “Obama sort of liked him.”

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“This administration simply has no idea what a sound China policy would look like.”

The Real Threat From China: They’re Better at Capitalism Than We Are (Lawrence)

The Biden regime’s robotic procession to Beijing proceeds apace. Following Antony Blinken’s fruitless visit in mid–June, we have paid Janet Yellen’s airfare for another fruitless visit, and following Yellen it was the same for John Kerry. This week it is Gina Raimondo’s turn. The secretary of state, the Treasury secretary, the chief climate envoy, and the commerce secretary: What is the point of this parade? I cannot but wonder whether these officials are dispatched across the Pacific in descending order of competence. Raimondo, who previously flopped as governor of Rhode Island—except for her plan to cut civil service pensions, an unfortunate success—is mediocrity made flesh. The Chinese must be wondering, with chagrin or amusement or both, who the Biden regime will next send their way.

The assignment in all these cases is the same: It comes down to “two seemingly contradictory responsibilities,” as The New York Times’s Ana Swanson put it in a curtain-raiser last week. She described “a mandate to strengthen U.S. business relations with Beijing while also imposing some of the toughest Chinese trade restrictions in years.” This is succinct, although we can live without the “seemingly.” Proposing to conduct routine business while sabotaging China’s competitive position in advanced technologies is prima facie a ridiculous idea. But The Times must have its “seemingly,” because it is imperative we pretend the Biden regime thinks sensibly and means well in its relations with the People’s Republic.

Blinken got nothing done, Yellen got nothing done, Kerry got nothing done, and in Raimondo’s case it is hopeless. The final item on her itinerary is a visit to Disneyland in Shanghai, and you have to credit the secretary’s scheduler for the parting reference to dreams and fantasy. An English friend observes that we Americans are doing a lot of blinkin’ and yellin’ across the Pacific these days. Fair enough, but I think it is more of the former than the latter for the time being. This administration simply has no idea what a sound China policy would look like.

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It’s not so easy. But the euro proves this is not true: “A currency has to be issued by a sovereign government.”

Does BRICS Need Its Own Currency? (Pepe Escobar)

Right at the heart of fervent discussions are the merits of designing a new BRICS currency. Brazilian economist Paulo Nogueira Batista Jr., a former IMF director who was deeply involved with BRICS from 2007 to 2015, has noted how a reserve currency discussion among the original five members was already too difficult. With 11, even more so. A currency has to be issued by a sovereign government. The indispensable Michael Hudson has cut to the chase to focus on what President Putin stressed in the summit in Johannesburg: what is needed is a means of settlement among Central Banks to keep in check the imbalances of trade and investment in their balance of payments. That implies no BRICS supra-national gold backed currency.

Prof. Hudson has observed that, “nobody uses gold as a currency. You don’t go to the grocery store or you don’t buy stocks and bonds or even houses with gold. You’re not going to be able to do it with anything like a BRICS currency within the future.” So the possible “BRICS currency” on a – distant? – future will be “only a narrow currency that only governments can spend for each other, and it’s created on a computer. It’s not anything that you can hold in your pocket to spend.” Michael Kumhof, a senior advisor for the Bank of England, adds a few more elements: “A currency does not need to be issued by a single state, instead its issuance can be delegated by a group of states to a common institution, see the ECB [European Central Bank]. And while that currency would be unlikely to be used by people to buy a coffee (although who knows, given enough time), it could be used by corporations for invoicing in cross-border trade.”

Kumhof projects a different future: “Imagine if 50-100 countries joined BRICS, some of them with pretty small, marginal currencies. They might appreciate being able to invoice and settle in a strong common currency rather than only having a choice between USD and, say, RMB. Not to mention the fact that if the Chinese want to keep some of their capital controls (good idea for now, I think), the RMB could not really fully replace the USD in such transactions. A BRICS currency would not be subject to such restrictions. This BRICS bank would buy up bonds of member countries according to some quota, and then issue a common currency against it, with all its gains and losses shared by member governments.

That could create an arbitrarily large amount of liquidity (and firepower for BRICS) without requiring any debt to do so, in fact massively reducing debt while doing so. And of course I agree that this would need to be supplemented by a bancor-type arrangement to clear cross-country imbalances.” What’s certain for now is that at the heart of what’s coming next will be an enhanced role for the New Development Bank (NDB), the BRICS bank, headquartered in Shanghai and now presided by former Brazilian President Dilma Rousseff.

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“Moscow supposedly had created fake nude pictures, fake photos of Hunter’s drug use, and fake email and text messages from Hunter to the other Bidens.”

From One Unapologetic Media Hoax to the Next (VDH)

From 2015 to 2019, we were suffocated 24/7 with lies like “Russian collusion,” “Putin’s puppet,” “election rigging” and the “Steele dossier.” When all such “evidence” was proven to be a complete fraud cooked up through Hillary Clinton’s stealthy hiring of and collusion with a discredited ex-British spy, a Russian fabulist at the Brookings Institution and a Clinton toady in Moscow, did the media apologize for their untruth? Was there any media confessional that perhaps Robert Mueller and his leftwing legal team (the giddy media-dubbed “all-stars,” “dream team,” and “hunter killers”) proved a colossal waste of time? Not at all. Instead, the media went next right on to “the phone call” and “impeachment.” The country then wasted another year.

The same biased reporters now claimed that the heroic Andrew Vindman had caught Donald Trump fabricating lies about the Bidens—given Joe Biden was a possible 2020 opponent—to force Ukraine to investigate them or lose American foreign aid. On that accusation Trump was impeached. Then the truth emerged that unlike Joe Biden, Trump never threatened to cancel aid, but merely to delay it. Trump was right that the Bidens were knee deep in Ukrainian bribes and influence peddling. And that the whistleblower had no first-hand knowledge of the Trump call but was spoon fed a script cooked up by the gadfly Vindman and Rep. Adam Schiff. The result was journalistic glee that we impeached a president for crimes that he did not commit but exempted another president, Joe Biden, who had actually committed them.

Then came the next hoax of the Russian fabricated facsimile of Hunter’s laptop. The 2020 Biden campaign along with an ex-CIA head rounded up “51 intelligence authorities” to mislead the country into believing that Russian gremlins in the Kremlin had fabricated a fake laptop. Ponder that absurd fantasy: Moscow supposedly had created fake nude pictures, fake photos of Hunter’s drug use, and fake email and text messages from Hunter to the other Bidens. The media preposterously convinced the country that the Russians and by extension Donald Trump had once again sandbagged the Biden campaign. No apologies followed when the FBI later admitted it had kept the laptop under wraps for more than a year, knew it was authentic, and yet said nothing as the media and former spooks misled the country and warped an election.

Now we are enmeshed in at least four court trials on cooked-up charges that could as easily apply to a host of Democrats as to Trump. For the last eight years, a discredited media has never expressed remorse for any of the damage they did to the country. And they will not again, when their latest mythological indictments are eventually exposed.

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“..the best and most thorough whitewash job since the Soviets wiped the photo record clean of Yezhov and Trotsky. It’s an awesome achievement.”

New Meanings of ‘Deep State’ and ‘Working Class’ (Matt Taibbi)

DEEP STATE: In July of last year David Rothkopf wrote a piece for the Daily Beast called, “You’re going to miss the Deep State when it’s gone: Trump’s terrifying plan to purge tens of thousands of career government workers and replace them with loyal stooges must be stopped in its tracks.” In the obligatory MSNBC segment hyping the article, poor Willie Geist, fast becoming the Zelig of cable’s historical lowlight reel, read off the money passage: During his presidency, [Donald] Trump was regularly frustrated that government employees — appointees, as well as career officials in the civil service, the military, the intelligence community, and the foreign service — were an impediment to the autocratic impulses about which he often openly fantasized.

This passage portraying harmless “government employees” as the last patriotic impediment to Trumpian autocracy represented the complete turnaround of a term that less than ten years before meant, to the Beast’s own target audience, the polar opposite. This of course needed to be lied about as well, and the Beast columnist stuck this landing, too, when Geist led Rothkopf through the eye-rolling proposition that there was “something fishy, or dark, or something going on behind the scenes” with the “deep state.” Rothkopf replied that “career government officials” got a bad rap because “about ten years ago, Alex Jones and the InfoWars crowd started zeroing in on the deep state, as yet another of the conspiracy theories…”

The real provenance of deep state has in ten short years been fully excised from mainstream conversation, in the best and most thorough whitewash job since the Soviets wiped the photo record clean of Yezhov and Trotsky. It’s an awesome achievement. Through the turn of the 21st century virtually no American political writers used deep state. In the mid-2000s, as laws like the PATRIOT Act passed and the Bush/Cheney government funded huge new agencies like the Department of Homeland Security, the word was suddenly everywhere, inevitably deployed as left-of-center critique of the Bush-Cheney legacy. How different was the world ten years ago? The New York Times featured a breezy Sunday opinion piece asking the late NSA whistleblower Thomas Drake — a man described as an inspiration for Edward Snowden who today would almost certainly be denounced as a traitor — what he was reading then.

Drake answered he was reading “Deep State: Inside the Government Secrecy Industry” by Marc Ambinder, whose revelations about possible spying on “eighteen locations in the Washington D.C. area, including near the White House, Congress, and several foreign embassies,” inspired the ACLU to urge congress to begin encrypting communications. On the eve of a series of brutal revelations about intelligence abuses, including the Snowden mess, left-leaning American commentators all over embraced “deep state” as a term perfectly descriptive of the threat they perceived from the hyper-concentrated, unelected power observed with horror in the Bush years.

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Still in use. Insane.

Glyphosate Exposure Linked to Severe Depression and Cognitive Decline (SP)

A new peer-reviewed study released by a group of scientists in Taiwan has revealed an astonishingly strong link between severe depression, cognitive decline and exposure to the world’s most used herbicide, glyphosate. The study was fully published last Tuesday in the highly respected Elsevier Journal, Environmental Research, and was met with silence by the manufacturers of glyphosate-based herbicides such as Bayer/Monsanto, who produce the infamous weedkiller Roundup. The study authors stated that they: “conducted analyses on existing data collected from 1532 adults of the 2013–2014 U.S. National Health and Nutrition Examination Survey (NHANES) to explore the possible relationship between glyphosate exposure and cognitive function, depressive symptoms, disability, and neurological medical conditions.”

“Our study used a cohort representative of the U.S. adult general population and found a significant negative correlation between urinary glyphosate levels and cognitive function test scores. Additionally, our findings suggest that the odds of having severe depressive symptoms were significantly higher than having no symptoms in individuals with higher glyphosate levels, as measured by the PHQ-9,” the scientists continued. The NHANES is a biennial nationwide survey that recruits a representative sample of the population. The study population had a mean age (SD) of 48.15 (18.32) years and a mean BMI (SD) of 29.15 (7.25) kg/m2. The majority of participants were women (51.5%), while the most common ethnicity was non-Hispanic white (47.1%). Regarding socioeconomic status, 53.7% of participants reported a household income of ≥ $4500 per year. Additionally, 37.2% of participants had a body mass index of ≥30 kg/m2. The proportion of individuals with detectable levels of glyphosate was 80.4%.

“Because many of the key neurological system questionnaires used to assess neurological function in NHANES are only available to adults, we restricted our study population to those 18 years of age or older,” the scientists added. “In conclusion, our study provides important evidence of an association between urinary glyphosate levels and adverse neurological outcomes in a representative cohort of U.S. adult population. Specifically, we observed lower cognitive function scores, greater odds of severe depressive symptoms, and increased risk of serious hearing difficulty in individuals with higher glyphosate exposure,” the scientists concluded.

Read more …

 

 

 

 

Moore

 

 

 

 

Red crab
https://twitter.com/i/status/1697266961934414091

 

 

Shrimp
https://twitter.com/i/status/1697299523020705853

 

 

Dogs play

 

 

Italian music

 

 

 

 

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

 

 

 

 

 

Apr 102023
 
 April 10, 2023  Posted by at 9:11 am Finance Tagged with: , , , , , ,  64 Responses »


Camille Pissarro The Boulevard Montmartre at Night 1897

 

Europe Must Resist Pressure To Become ‘America’s Followers,’ Says Macron (Pol.eu)
Refugees Or Displaced Persons? (Konrad Rekas)
Pentagon In ‘Panic’ After Intel Leak – WaPo (RT)
CNN: Ukraine Changes Military Plans Due To Leaked Classified Documents (Az.)
Ukraine Will Eventually Reveal ‘Horrible’ Losses – Kiev Ambassador To UK (RT)
NATO To Launch Biggest Air Forces Drill In Its History (RT)
US ‘Open’ To Deploying Troops In Taiwan – Lindsey Graham (RT)
Russia Almost Shot Down British Spy Plane In September 2022 – WaPo (RT)
Yemeni Govt Holds Talks With Saudi Arabia To End 3-Year Civil War (CGTN)
Global Economy Outlook Weakest In Decades – IMF (RT)
Ukraine’s Foreign Reserves Hit Record High (RT)
Psychologist Suspended For 2 Years For Warning About Great Reset and WEF (RAIR)
Elon Musk Refuses To Delete Medvedev’s Post On Twitter (TASS)
Albert Camus on the Denial of Freedom (Tucker)
Accurate Measure of US Temperature Shows No Recent Warming But Is Hidden (DS)
Polish MP Proposes Law To Require Labels On Insect-Containing Foods (ZH)
Mexico’s Plan to Slash Glyphosate Imports Triggers Firestorm in US (CHD)

 

 

 

 

RFK jr mercury vaccines


https://twitter.com/i/status/1645073574443593728

 

 

 

 

Yeadon

 

 

50 years of bank credit

 

 

Gates

 

 

 

 

Rogan gender

 

 

 

 

Putin Holy Book
https://twitter.com/i/status/1645028443711586304

 

 

McCullough

 

 

 

 

“I feel at ease with [Xi], including on substance. There’s a mutual attraction between France and China, a fascination, a friendship, a singular journey.”
– Macron

“NATO is an organization that weakens our defense capabilities, instills the idea that defense is inconceivable without it, thus numbing our sense of national independence. NATO is in fact a deception, a camouflage for the US takeover Europe.”
– Charles de Gaulle

Europe Must Resist Pressure To Become ‘America’s Followers,’ Says Macron (Pol.eu)

Europe must reduce its dependency on the United States and avoid getting dragged into a confrontation between China and the U.S. over Taiwan, French President Emmanuel Macron said in an interview on his plane back from a three-day state visit to China. Speaking with POLITICO and two French journalists after spending around six hours with Chinese President Xi Jinping during his trip, Macron emphasized his pet theory of “strategic autonomy” for Europe, presumably led by France, to become a “third superpower.” He said “the great risk” Europe faces is that it “gets caught up in crises that are not ours, which prevents it from building its strategic autonomy,” while flying from Beijing to Guangzhou, in southern China, aboard COTAM Unité, France’s Air Force One.


Xi Jinping and the Chinese Communist Party have enthusiastically endorsed Macron’s concept of strategic autonomy and Chinese officials constantly refer to it in their dealings with European countries. Party leaders and theorists in Beijing are convinced the West is in decline and China is on the ascendant and that weakening the transatlantic relationship will help accelerate this trend. “The paradox would be that, overcome with panic, we believe we are just America’s followers,” Macron said in the interview. “The question Europeans need to answer … is it in our interest to accelerate [a crisis] on Taiwan? No. The worse thing would be to think that we Europeans must become followers on this topic and take our cue from the U.S. agenda and a Chinese overreaction,” he said.

Just hours after his flight left Guangzhou headed back to Paris, China launched large military exercises around the self-ruled island of Taiwan, which China claims as its territory but the U.S. has promised to arm and defend. [..] Xi responded by saying anyone who thought they could influence Beijing on Taiwan was deluded. Macron appears to agree with that assessment. “Europeans cannot resolve the crisis in Ukraine; how can we credibly say on Taiwan, ‘watch out, if you do something wrong we will be there’? If you really want to increase tensions that’s the way to do it,” he said. “Europe is more willing to accept a world in which China becomes a regional hegemon,” said Yanmei Xie, a geopolitics analyst at Gavekal Dragonomics. “Some of its leaders even believe such a world order may be more advantageous to Europe.”

In his trilateral meeting with Macron and von der Leyen last Thursday in Beijing, Xi Jinping went off script on only two topics — Ukraine and Taiwan — according to someone who was present in the room. “Xi was visibly annoyed for being held responsible for the Ukraine conflict and he downplayed his recent visit to Moscow,” this person said. “He was clearly enraged by the U.S. and very upset over Taiwan, by the Taiwanese president’s transit through the U.S. and [the fact that] foreign policy issues were being raised by Europeans.” In this meeting, Macron and von der Leyen took similar lines on Taiwan, this person said. But Macron subsequently spent more than four hours with the Chinese leader, much of it with only translators present, and his tone was far more conciliatory than von der Leyen’s when speaking with journalists.


Macron also argued that Europe had increased its dependency on the U.S. for weapons and energy and must now focus on boosting European defense industries. He also suggested Europe should reduce its dependence on the “extraterritoriality of the U.S. dollar,” a key policy objective of both Moscow and Beijing. “If the tensions between the two superpowers heat up … we won’t have the time nor the resources to finance our strategic autonomy and we will become vassals,” he said.

Paris April 8
https://twitter.com/i/status/1644667412011163650

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Someone forgot to cancel him…

Speech at the international conference “Security policy challenges for Europe 2023: Ukraine conflict, mass migration, energy supply and current developments”, organized on March 30, 2023 in Vienna by the Vienna Association of Academics and the Center for Geostrategic Studies.

Refugees Or Displaced Persons? (Konrad Rekas)

It is with real sadness that we see our Slavic brothers in the Ukrainians, and we observe the effects of many years of Nazi indoctrination among the newcomers. The state cult of Stepan Bandera , Roman Shukhevych and other Nazi collaborators left a lasting mark on subsequent generations of Ukrainians. A terrible harm has been done to these people by raising them to hate their neighbours, ethnic and religious minorities and all non-cult criminals. Ukraine is an area where de-Nazification is absolutely necessary, and while it is regrettable that it is currently taking place in the form of a fratricidal war, this should not blind us toopening up the neo-Nazi nature of the current Ukrainian state and its authorities .

When we talk about the crimes of the Ukrainian Nazis, we do not mean only the Volhynian Massacre, when during the summer months of 1943 the Banderites murdered almost 200,000 of their Polish, Jewish, Czech, Armenian and even Ukrainian neighbors. The crime of Nazi genocide was both the burnt offering in the Trade Union House in Odessa on May 2, 2014, and the attack by Ukrainian troops on defenseless demonstrators in Donetsk, demanding language rights, on May 26, 2014, and the crimes of Azov and other Ukrainian Nazi-Special Battalions in the Donbass in 2014-2022, and finally, the murders of prisoners and civilians perpetrated every day by the troops of the Kiev junta during the current war.

These are Nazi criminals, and their recruitment camps are masses of Ukrainian immigrants to Europe. No one from the outside controls what content Ukrainian youth is indoctrinated with, just like in Poland, all mentions of the crimes of the Ukrainian Nazis were removed from school curricula “because you shouldn’t annoy the guests”. So, 78 years after the end of World War II, we have a Nazi state in the middle of Europe and we ourselves pay for the upbringing and training of its militarized cadres, and at the same time when the governments of our countries persecute their own citizens for even the slightest sign of patriotism, self-defense or a sense of national dignity .

As Europeans, as patriots of our countries and nations, we face an existential threat. The mass migrations of the Ukrainian population to the territory of the European Union threaten to destabilize at least on a macro-regional scale, involve the disorganization of our economies and confront us with an enemy wrongly considered defeated: Nazism. And it is Nazism additionally accumulated through its alliance with Anglo-Saxon imperialism and the interests of international finance. The question is: can we defend ourselves against this threat?

Podolyak
https://twitter.com/i/status/1645075473695637504

 

 

Prigozhin
https://twitter.com/i/status/1645225759131201537

Read more …

“..exposed how the US “spies on friends and foes alike,” the report says, suggesting the files could stir diplomatic unease..”

Pentagon In ‘Panic’ After Intel Leak – WaPo (RT)

A recent leak of classified documents on Washington’s war planning in Ukraine has caused turmoil in the Pentagon, forcing officials to step up security, the Washington Post reported on Saturday, citing sources. Several Western officials interviewed by the outlet said they were still trying to assess the damage from dozens of leaked national security papers which grabbed the public’s attention in recent days, with many wondering how the breach had gone unnoticed for so long. While the first media reports on the story emerged only this week, a batch of the documents was shared on the Discord chat platform in late February and early March. The authenticity of the intelligence remains unverified. Two US officials told the Post that the Pentagon leadership has “restricted the flow of intelligence” in response to the leak.

One source described the measures as unusually strict, and a testament to “a high level of panic” among the top brass. Both US officials and their foreign partners were “stunned” and even “infuriated” by the level of detail provided in the documents, which exposed how the US “spies on friends and foes alike,” the report says, suggesting the files could stir diplomatic unease. A senior Ukrainian official told the Post that the leak had caused anger in Kiev, as the files provided insight into information it wanted to keep secret from Russia – namely “vulnerabilities related to ammunition shortages and other battlefield data.” Meanwhile, a European intelligence official reportedly expressed concerns that due to the disclosures, the US could cut back on intelligence sharing with allies.


While some of the documents made public were supposed to be shielded from foreign nationals, others had been cleared for transfer to the Five Eyes intelligence alliance, composed of the US, the UK, Canada, Australia, and New Zealand. The wide-ranging batch of sensitive documents, which made media headlines this week, provides an assessment on Russian and Ukrainian battle readiness and casualties, timetables for training and equipment deliveries, as well as tactical information on the conflict between Moscow and Kiev. However, the true scale of the leak remains unclear, as on Friday the New York Times reported that a new trove of secretive American documents had appeared online, this time covering not only the Ukraine conflict, but also China, the Middle East and terrorism.

Read more …

“..expose the extent of US eavesdropping on key allies, including South Korea, Israel and Ukraine.”

CNN: Ukraine Changes Military Plans Due To Leaked Classified Documents (Az.)

Ukraine has already changed some of its military plans due to the leak of classified US documents, Report informs via CNN. The news agency notes that secret Pentagon documents posted online in recent weeks show how the United States spies on both allies and adversaries, which has deeply concerned American officials who fear that the revelations could jeopardise sensitive sources and compromise important international relations. Some of the documents, which US officials say are authentic, expose the extent of US eavesdropping on key allies, including South Korea, Israel and Ukraine.

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“..we have to fight to the very last of them or, very unfortunately, the last of us as well..”

Ukraine Will Eventually Reveal ‘Horrible’ Losses – Kiev Ambassador To UK (RT)

Ukraine will reveal the extent of its “horrible” losses once its conflict with Russia is over, Vadim Pristaiko, Kiev’s ambassador to the UK, said in an interview released on Friday. Asked by British tabloid the Daily Express to comment on casualties among Ukrainian military personnel and civilians, Pristaiko said “it has been our policy from the start not to discuss our losses.” “When the war is over, we will acknowledge this. I think it will be a horrible number,” he added. Pristaiko dismissed any possibility of talks between Moscow and Kiev – at least until Russia withdraws its troops from the territories Ukraine claims as its own. “So, we have to fight to the very last of them or, very unfortunately, the last of us as well,” the envoy said.

The ambassador also commented on the assault brigades that Ukraine says it has assembled for a much-anticipated spring offensive against Russia. “Whoever says there are 40,000 men in these brigades, I would like to point out that we have mobilized a million men,” Pristaiko stated. Both sides of the Ukraine conflict rarely provide data on their losses. However, last autumn, EU Commission President Ursula von der Leyen put Kiev’s fatalities at 100,000, a claim that was disputed by Ukraine and later removed from the official’s website. In December, Mikhail Podoliak, a senior aide to Ukrainian President Vladimir Zelensky, put the death toll among Kiev’s military at between 12,000 and 13,000 people.


Russia has not officially updated its losses since last September, when Moscow’s Ministry of Defense estimated that 5,937 service members had died. Pristaiko’s comments come as Ukrainian and Western officials claim that Ukraine will launch a counteroffensive in the coming weeks. Commenting on statements about a potential Ukrainian push, Kremlin Press Secretary Dmitry Peskov noted that the Russian military “thoroughly tracks all the relevant information” on the matter.

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To impress the home front.

NATO To Launch Biggest Air Forces Drill In Its History (RT)

NATO is planning to hold the largest Air Force exercise this summer, the German Armed Forces – the Bundeswehr – announced in a statement. Dubbed ‘Air Defender 23,’ the drills are scheduled to take place between June 12 and June 24 and are expected to involve hundreds of aircraft from dozens of nations. A total of 10,000 soldiers and 220 aircraft are to be involved in the exercise, the Bundeswehr said, adding that they are to train “in the European airspace.” The US is to supply 100 of the aircraft out of its stocks, the statement said. According to Berlin, the drills are to be held mostly over German territory, although a map published by the Bundeswehr shows that the airspace of Estonia, which borders Russia, and of Romania, which borders Ukraine, could be used as well.

The plan of the drills “is modeled after an Article 5 Assistance scenario,” the Bundeswehr said, calling it “challenging air operations training” for the participating troops. The exercise is aimed at “optimizing” the cooperation between the participating nations and demonstrating the “strength” of the military bloc. A total of 24 nations are to take part in the drills, including Finland, which only joined NATO earlier in April. Sweden, which has yet to join the bloc, will participate in the exercise too. The US Air National Guard will provide around half the aircraft used in the German-led exercise in June. Its commander, Lieutenant General Michael Loh, maintained that there is no set scenario pitting the NATO forces against a particular adversary during the drills. Yet, he still did mention Moscow during a briefing on the matter earlier this week.

“This is now putting the alliance together quickly, with a credible force, to make sure that if Russia ever lines up on the NATO border, that we’re ready to go,” he said on Wednesday. “We’re going to defend every inch.” A similar tone was struck by the German Air Force. “We won’t write [Russia] a letter,” its commander, Lieutenant General Ingo Gerhartz said, adding that he thinks “they get the message.” The drills coincide with a separate US-led exercise called Defender Europe 23. “This annual, nearly two-month-long exercise is focused on the strategic deployment of US-based forces, the employment of Army pre-positioned stocks and interoperability with European allies and partners,” the Pentagon’s deputy press secretary, Sabrina Singh, told journalists earlier this week.

A total of 9,000 US soldiers, together with 17,000 troops from 26 other nations, are to participate in the drills, which would take place across ten European nations, Singh said. Washington had already started shipping the equipment needed for the exercise to Europe, she added. According to the Pentagon, the first pieces of equipment have already arrived in Spain. Some 7,000 pieces of equipment are to be transported to Europe as part of the drills. Around 13,000 other pieces of equipment are to be drawn from pre-positioned stocks, the Pentagon said. The US-led exercise is to kick off on April 22.

Read more …

“I believe in a One China policy, but I would be willing to fight for Taiwan because Taiwan is a democracy..”

US ‘Open’ To Deploying Troops In Taiwan – Lindsey Graham (RT)

US Senator Lindsey Graham has declared that he would support a formal defense alliance with Taiwan and would send US troops to fight a hypothetical Chinese invasion. Graham, one of the most hawkish Republicans in Congress, claimed that defending Taiwan is in the US’ national security interest. Speaking to Fox News on Sunday, the Republican lawmaker claimed that the US policy of “strategic ambiguity” on Taiwan – under which Washington recognizes, but does not endorse, China’s sovereignty over the island – is not working, and should be replaced with a formal defense agreement. “So the question for the Congress, should we have a defense agreement with the island of Taiwan?” he asked. “I’d be very much open to using US forces to defend Taiwan, because it’s in our national security interest to do so.

“I believe in a One China policy, but I would be willing to fight for Taiwan because Taiwan is a democracy,” he continued, later adding that the US has an economic incentive to fight China over the island. “90% of the high-end chips are made in Taiwan,” he said. “[China] would have a monopoly on the digital economy.” Graham said he would support the sale of US-made fighter jets to Taipei, and would back the movement of “war forces to South Korea and Japan.” There are currently several dozen US troops stationed in Taiwan, and the Wall Street Journal reported in February that Washington plans to increase this number to between 100 and 200. Graham’s position on Taiwan is hawkish, but in line with that of a growing number of both Democrats and Republicans. House Speaker Kevin McCarthy met with Taiwanese President Tsai Ing-wen in California on Wednesday.


Meanwhile, during a visit to Taipei on Friday, House Foreign Affairs Committee Chairman Michael McCaul told Fox News that Congress would authorize military action against China in the event of an invasion of Taiwan. McCarthy’s predecessor, Nancy Pelosi, flew to Taipei last summer to meet with President Tsai. Defying calls from Beijing, US President Joe Biden did not intervene to stop Pelosi’s trip, and the president suggested on several occasions that he would use military force to deter any attempts by China to invade the island. In a policy paper released last August, Beijing stated that it would strive for a peaceful reunification with Taiwan but would not renounce the use of force to achieve this goal if necessary. Beijing responded to Tsai’s visit to California by launching simulated strikes on Taiwan on Sunday. Graham is a longtime advocate of military intervention and regime change, and called last year for the assassination of Russian President Vladimir Putin.

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“SECDEF Directed Standoff.”

Russia Almost Shot Down British Spy Plane In September 2022 – WaPo (RT)

Russia and NATO were just a step away from a potential all-out war last year after a Russian fighter jet almost shot down a British surveillance aircraft, the Washington Post claimed on Sunday, citing a new document from a trove recently leaked from the Pentagon. The incident, which occurred in late September 2022 was allegedly much more serious than London had previously admitted, the newspaper reported. Back in October 2022, Britain’s Secretary of Defence Ben Wallace told the parliament about the incident, adding that Moscow blamed it on a technical malfunction and London accepted this explanation. The document, seen by WaPo, describes it as a “near-shoot down of UK RJ” – a reference to the ‘River Joint’ moniker common for the RC-135 reconnaissance aircraft used to collect radio transmissions and electronic messages.

The UK said in October that the plane had been intercepted by two Russian Su-27 fighters over the Black Sea, with one of them “releasing a missile” near the British plane. According to WaPo, the incident could have potentially triggered Article 5 of the NATO Treaty, possibly leading to a direct involvement of NATO forces in the conflict in Ukraine, or even a direct conflict between Moscow and the military bloc. Neither has the US or the UK nor has Russia commented on the document’s contents, WaPo said. The same paper also suggested that the US took a more cautious approach towards reconnaissance missions in the Black Sea region and in particular told its Air Force to stay away from the Crimean Peninsula, the newspaper reported.

A map contained in the document shows several lines drawn over sections of the Black Sea to mark the areas where American surveillance aircraft can and cannot fly, WaPo reported. One of them goes about 12 nautical miles off the coast of Crimea – a distance marking the territorial waters of a nation under international law. Another one drawn about 50 nautical miles from the shore is called “SECDEF Directed Standoff.” According to the US media outlet, this line might indicate that US Secretary of Defense Lloyd Austin might have ordered the US Air Force to keep their aircraft away from the peninsula. Unlike France and the UK, which made crewed surveillance flights over the Black Sea, the US relied on drones, including the RQ-4 Global Hawk, the RQ-170 Sentinel, and the MQ-9 Reaper, the document said, adding that several such unmanned flights take place every month.

In March, the Pentagon accused Russian pilots of reckless flying and claimed that one of the Russian jets had clipped the propeller of a US MQ-9 Reaper drone, causing it to go down. Russia denied hitting the drone or using weapons against it. It also said the US aircraft was flying with its transponder switched off in a no-go zone declared by the Russian military. A video allegedly shot by the drone only showed a Sukhoi Su-27 fighter jet buzzing over it and allegedly ejecting fuel in the process. According to CNN, the Pentagon has further rerouted its surveillance drone flights over the Black Sea in the wake of the incident.

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China makes peace.

Yemeni Govt Holds Talks With Saudi Arabia To End 3-Year Civil War (CGTN)

Yemeni government officials have gathered in Riyadh, the capital of Saudi Arabia, to discuss a comprehensive three-year peace plan to end the country’s civil war, a Yemeni diplomat said on Friday. The move signals that regional rifts are easing. A permanent ceasefire in Yemen would mark a milestone in stabilizing the Middle East. “Saudi Defense Minister Khalid bin Salman held a meeting on Thursday with Rashad Al-Alimi, chairman of Yemen’s Presidential Leadership Council (PLC), and other high-ranking Yemeni government officials in Riyadh, during which he presented the kingdom’s plan for peace in Yemen,” the Yemeni diplomat told Xinhua on condition of anonymity.

The proposed plan is based on a series of back-channel negotiations between Saudi Arabia and the Houthi rebels in Muscat, the capital of Oman, that have been conducted for the past few months. It’s focused on a truce between warring factions, a full reopening of Yemen’s ports and airports, payment of wages for public servants, a rebuilding process and a political transition. The plan has three main stages that will be implemented over a period of three years, the diplomat said, adding the Yemeni officials have already shown their initial support for the plan.

The first phase of the plan is “a six-month truce between warring factions in Yemen, during which hostilities will cease and efforts will be made to rebuild trust and lay the groundwork for peace.” The second phase would entail a dialogue to address key issues and grievances among the various Yemeni factions and reopen the closed roads, airspace and seaports. The third stage would be a two-year transitional period during which a new and inclusive government would be established, paving the way for long-term stability and peace in the country, according to the official. If a truce agreement is reached, the parties could announce it before Islam’s Eid holiday starting April 20, according to Reuters.

Meanwhile, another Yemeni government official told Xinhua that Muhammad Al Jaber, the Saudi ambassador to Yemen, along with an Omani delegation, is planning to meet leaders of the Houthi rebels in the Yemeni capital of Sanaa to discuss the “the final arrangements” of the truce. Oman and the United Nations have mediated previous rounds of negotiations between the Yemeni government, Saudi Arabia, and the Houthi rebel group, but previous attempts have failed due to a lack of trust between the warring parties and continued violence on the ground.

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“..restrictions on capital flows and international cooperation, as well as curbs on migration, could slash global GDP by up to 7% or $7 trillion..”

Global Economy Outlook Weakest In Decades – IMF (RT)

The world economy is facing its weakest period of growth since the 1990s in the next five years due to problems triggered by the pandemic and political tensions, International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated on Thursday. A severe slowdown in the global economy last year following the Covid-19 pandemic and the conflict in Ukraine is set to continue in 2023 and could persist for the next five years, she warned. Global GDP will grow at about 3% over the next half decade compared to an average of 3.8% seen in the past 20 years, representing the worst economic performance in more than three decades. The IMF expects global GDP to expand by less than 3% this year, which is in line with its January projection of 2.9%.

Last year, global growth almost halved following an initial post-pandemic rebound in 2021, sliding from 6.1% to 3.4%, Georgieva said ahead of the IMF World Economic Outlook report, which is due to be released on April 11. Up to 90% of advanced economies are likely to experience a decline in their growth rate this year, she warned, with activity in the US and the Eurozone hit by higher interest rates. “With rising geopolitical tensions, with inflation still running high, a robust recovery remains elusive,” Georgieva said. “That harms the prospects of everyone, especially for the most vulnerable people and most vulnerable countries,” she added. The IMF head warned against economic fragmentation stemming from geopolitical tensions and urged countries to take action to boost global productivity.


According to Georgieva, soaring inflation facing most of the world’s wealthy nations will force central banks to continue interest-rate hikes, adding pressure to the banking industry despite financial uncertainty following recent turmoil with lenders in the US and Switzerland. She urged the world community to “be vigilant and more agile than ever,” adding that regulators may come across more complicated choices to protect the financial system amid persistent inflation and challenges in the banking sector. Long-term disintegration in global trade such as restrictions on capital flows and international cooperation, as well as curbs on migration, could slash global GDP by up to 7% or $7 trillion, which is the equivalent of the combined annual production of Germany and Japan, Georgieva warned.

BRICS

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They have no money but their reserves are at a record high… Now you know where your taxes go…

Ukraine’s Foreign Reserves Hit Record High (RT)

The gold and foreign currency reserves of Ukraine have reached an all-time high of $30 billion, presidential adviser Oleg Ustenko said on Sunday, adding that the funds are enough to pay for Ukrainian imports for at least five months. “Our foreign reserves have reached a decade all-time high of over $30 billion,” Ustenko told Rada TV channel. “The amount would be enough to cover more than five months’ worth of Ukrainian imports.” According to Ustenko, the economic situation is considered to be stable if the reserves are sufficient to pay for the country’s imports for at least three months. The senior official warned that inflation in Ukraine is projected to reach 25% in 2023, adding that the huge number could further increase if warring tensions and attacks on the country’s infrastructure intensify.


The National Bank of Ukraine previously reported that the nation’s international reserves in February 2023 had seen a decline of 3.5% month-over-month, and amounted to about $29 billion. The regulator attributed the drop to its interventions in the currency market. Ukraine’s international reserves decreased by 7.9% over the past year, having totaled $28.5 billion as of January 1, according to preliminary data. In March, the International Monetary Fund approved a four-year $15.6 billion loan program for Ukraine that came as part of a broader $115 billion international support package. The loan is the first major financing program approved by the institution for a country involved in a large-scale military engagement. The country’s previous $5 billion IMF program expired last year.

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This is so 2020.

Psychologist Suspended For 2 Years For Warning About Great Reset and WEF (RAIR)

Belgian Psychologist Steve Van Herreweghe has received a two-year suspension for his statements on social media about The Great Reset and the World Economic Forum. Van Herreweghe intends to appeal the decision made by the disciplinary board of the Psychologists’ Commission, which is an independent body responsible for protecting the title of psychologist and has the authority to take disciplinary action. Van Herreweghe took to Twitter to express his opposition to the suspension, stating that the issue is not about his title but rather the perceived injustice of the decision and the rejection of his right to free speech. He believes that everyone should have the right to express their opinions on matters related to public health and well-being without fear of political or commercial interference.

Van Herreweghe used his social media platform to voice his concerns about The Great Reset and the World Economic Forum (WEF), which he believes are components of a larger effort to establish a “New World Order.” He has singled out virologists Steven Van Gucht and Marc Van Ranst in his posts, referring to them as “ordinary, well-paid, narcissistic hostages commissioned by WEF puppet governments.” Van Gucht is a Belgian virologist who has been a key figure in the country’s controversial Covid response, while Van Ranst is a prominent epidemiologist who has been outspoken about the pandemic and its impact on society. He has strongly advocated for lockdowns and other measures to control the population, which has earned him massive criticism for hurting the economy and citizens’ freedoms.


The Great Reset, a global initiative proposed by the WEF, is a sinister plot to establish a new world order of global governance. Klaus Schwab, the founder and executive chairman of the WEF, has openly stated that crises, such as the Covid pandemic, present “special opportunities” for the establishment of a new global order. This has led many to realize that the Great Reset aims to undermine national sovereignty and individual freedoms in the pursuit of a technocratic vision of the future. Van Herreweghe has also made statements on other topics, linking the energy crisis, the financial-economic crisis, the war against Putin, the climate crisis, and the gender identity propaganda to the “Great Reset.” He describes the transgender movement as a “prime example of how alienated humanity is from its deeper nature.” He warns that the trivialization of sexuality is a dangerous trend that could lead to the normalization of pedophilia.

Read more …

Why would he?

Elon Musk Refuses To Delete Medvedev’s Post On Twitter (TASS)

American entrepreneur Elon Musk, who heads Tesla and SpaceX and owns Twitter, refused to delete a statement posted earlier by Russian Security Council Deputy Chairman Dmitry Medvedev on the Twitter social network. One of Twitter subscribers earlier turned attention of Musk to Medvedev’s tweet on Saturday, when he stated why no one needs Ukraine any more. The American billionaire responded that all news is propaganda to a certain degree and people should make decisions on their own adding that the platform at the issue was not intended to restrict or promote accounts of Russian state structures. In April last year, Twitter announced that it would block social network users, who have accounts affiliated with the state authorities that allegedly restrict access to the “open Internet.” A spokesman for the company said back then that the measure would primarily affect the Russian government and would involve more than 300 accounts.

Read more …

You can download it or read it for free at Archive.org.

Albert Camus on the Denial of Freedom (Tucker)

Jan Jakielek of the Epoch Times recently conducted an in-depth interview with Robert Kennedy, Jr., and asked him in particular about the relationship between truth seeking and suffering. Kennedy recalled a moment from his childhood when his father gave him a book to read. It was The Plague by Albert Camus, published in 1947. I can see how and why the son was well prepared to deal with the torments of our times. For many people, these last 3 years was their first experience in a full denial of freedom. Locked in their homes. Prevented from traveling. Separated from loved ones. Forced to spend day after day wondering about big things previously unconsidered: why am I here, what are my goals, what is the purpose of my life?

It was a transformation. We are not the first to go through this. It is something experienced by prisoners, and by previous populations under lockdown. Camus’s classic has a chapter that describes the inner life of people who have experienced lockdown for the first time. It came suddenly in the presence of a deadly disease. The entire town of 200,000 closed. No one in or out. It’s fiction but all-too-real. I’m astonished at Camus’s perceptive insight here. Reading it slowly and nearly out loud is an experience. The poetry of the prose is incredible, but more so the depth of knowledge of the inner workings of the mind.


One interesting feature of the narrative is the difference in communication. They could only communicate via telegraph with the outside world, and with limited vocabulary. There were also letters outgoing but one had no idea whether the intended recipient would see it. Today of course we have vast opportunities for digital communication in audio and video, which is glorious, but no real substitute for the freedom to assemble and meet. Here I am quoting this one chapter. I hope it helps you understand yourself as much as it did help me gain awareness of my own experience. The entire book is compelling. You can download it or read it for free at Archive.org.

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“Many stations are compromised by being placed next to air conditioners, jet exhausts and concrete, asphalt and nearby buildings..”

Accurate Measure of US Temperature Shows No Recent Warming But Is Hidden (DS)

Government-controlled surface datasets, the bedrock of climate thermogeddon fears promoting Net Zero, cannot possibly be accurate, and are only “an estimate with high uncertainty”. The claim comes from the noted U.S. meteorologist Anthony Watts, who has spent the last decade highlighting the numerous flaws built into global temperature monitoring systems. Data are collected by government bodies from a weather station network, “that was never intended to detect a ‘global warming signal’”, notes Watts. He goes on to call for a new independent global climate database. Given that governments are spending billions of taxpayer dollars on climate mitigation programmes, “doesn’t it make sense to get the most important thing – the actual temperature – as accurate as possible”, he asks.


To date, continues Watts, there is only one network of climate capable weather stations that is accurate enough to fully detect a climate change signal. This is the U.S. Climate Reference Network (USCRN), started in 2005 as a state-of-the-art automated system designed specifically to accurately measure climate trends at the surface. It comprises 114 stations across North America sited well away from any non-climatic effects, such as urban heat caused by humans.

The USCRN graph above shows that there has been no significant warming trend over the last two decades in the United States. “Unfortunately, the data from the USCRN network are buried by the U.S. Government, and are not publicly reported in monthly or yearly global climate reports. [The network] has also not been deployed worldwide,” observed Watts.


Watts notes that past temperature records were collected to validate weather forecasting. Temperatures were rounded by volunteers to the nearest whole degree of Fahrenheit. When comparing such “coarsely recorded” data to claims of 1.8°F global warming since the late 1800s, “obvious questions” of accuracy arise. Referring to his own recent work, Watts says that even more concerning is the widespread corruption of data by urbanisation. Many stations are compromised by being placed next to air conditioners, jet exhausts and concrete, asphalt and nearby buildings. This happens not just in the USA but in many other territories, including the U.K.

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“If Rafal Trzaskowski wants to eat mazurek [a traditional Polish Easter cake] make of dried insects, he has the right to do so..” “We, as conservatives, as Poles, definitely prefer normal Polish food..”

Polish MP Proposes Law To Require Labels On Insect-Containing Foods (ZH)

A Polish deputy agriculture minister has proposed an “anti-bug law” which would require all food products containing insects to be labeled with a special warning. The move by the member of the ruling conservative party comes amid accusations that if progressive opposition parties win power during this year’s elections, they will push an Orwellian ‘eat the bugs’ campaign to restrict the consumption of traditional meat. The opposition has not formally announced any such plans, according to Notes from Poland. “Dried mealworm larvae, powdered cricket – these are among the insects that the eurocrats and Rafal Trzaskowski [the opposition mayor of Warsaw] call new food,” said Janusz Kowalski, a deputy agriculture minister, while unveiling the plans in parliament on Thursday.


“That is why we, United Poland [Solidarna Polska], have initiated the preparation of legal regulations, following the examples of Hungary and Italy, that will give Polish consumers clear knowledge about food products containing so-called bug additives,” he continued. “This is an anti-bug law.” Under the proposed law from the ruling Law and Justice party (PiS), products containing bugs would be required to include a label on their packaging stating “Warning, this food product contains insect protein.” “If Rafal Trzaskowski wants to eat mazurek [a traditional Polish Easter cake] make of dried insects, he has the right to do so,” said Kowalski, referring to the opposition mayor. “We, as conservatives, as Poles, definitely prefer normal Polish food, Polish meat, Polish dairy products.”

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“There are at least 12 alternatives to glyphosate, “which do not risk the Mexican countryside or the health of the population..”

Mexico’s Plan to Slash Glyphosate Imports Triggers Firestorm in US (CHD)

Amid a high-stakes standoff with U.S. trade officials over favored American agricultural products, Mexico is slashing the amount of glyphosate allowed to be imported into the country by 50% for 2023. The move is no surprise — Mexico issued a decree in 2020 giving its farmers until 2024 to stop using the weed-killing chemical. But coming amid an increasingly heated dispute with U.S. trade officials, the action underscores Mexico’s commitment to free itself from a dependence on the synthetic pesticides and genetically engineered crops promoted by American interests. Along with banning glyphosate, Mexico is ratcheting back imports of genetically engineered corn that is designed to be sprayed with glyphosate. Mexico says the changes are needed to protect the health of its population.

The country has also signaled concerns about other genetically modified (GMO) crops sprayed with glyphosate. Glyphosate is classified as a probable human carcinogen by the World Health Organization’s International Agency for Research on Cancer and is linked to an array of other human and environmental health problems. It was introduced by Monsanto in 1974 and is the world’s most widely used weedkiller, known best as the active ingredient in the Roundup brand. Monsanto developed genetically engineered corn, soybeans, canola and other crops to tolerate being sprayed with glyphosate, a trait that makes it easier for farmers to kill weeds in their fields. Foods made with crops sprayed with glyphosate commonly carry residues of the weedkiller, and people then consume the residues through their daily diets.


Mexico’s retreat from these types of agricultural products has triggered a firestorm of industry opposition in the U.S. In response, the Office of the U.S. Trade Representative (USTR) and other U.S. agencies are fighting Mexico’s efforts, alleging violations of trade provisions of the U.S.-Mexico-Canada trade agreement (USMCA) with respect to Mexico’s restrictions on GMO corn. Mexico’s policies “threaten to disrupt billions of dollars in agricultural trade,” the USTR said in a press statement last month. [..] There are at least 12 alternatives to glyphosate, “which do not risk the Mexican countryside or the health of the population,” Mexico’s health ministry, the Federal Commission for the Protection against Sanitary Risks (COFEPRIS), said in announcing its new glyphosate quota.

Read more …

 

 

 

 

Pelosi
https://twitter.com/i/status/1645010906529538051

 

 

13 years ago – Collateral Murder

 

 

Joyful

 

 

Clean energy

 

 

Peacock
https://twitter.com/i/status/1645151908909178880

 

 

 

 

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

 

 

 

 

 

Mar 222021
 
 March 22, 2021  Posted by at 9:00 am Finance Tagged with: , , , , , , , ,  32 Responses »


Paul Gauguin Tahitian village 1892

 

3 Fully Vaccinated People Catch Covid-19 Coronavirus in Hawaii (Forbes)
Travel Changes For Those Who Are Fully Vaccinated (Forbes)
European Trust In AstraZeneca COVID-19 Vaccine Plunges (R.)
Ivermectin: Game changer vs Covid-19? What’s the Controversy? (Manila Times)
Greece Mobilizes Private Doctors to Cope With Surging Covid Infections (GR)
Growing Rebellion Against Draconian Covid Restrictions By Canadians (RT)
V. Putin Ain’t No Corn Pop (Kunstler)
Welcome To The Age Of Modern Monetary Theory (Kodrik)
Next Round Of Us Fiscal Legislation Could Reach $4 Trillion – Goldman (FXS)
Media Pseudo-Debates and the Silence of Leftist Critics (Curtin)
Biden Pushes Colombia to Restart Glyphosate Spraying Program
Bipartisan Australian MPs Meet With US Embassy About Julian Assange (SMH)

 

 

“It is spring again.
The earth is like
a child that knows
poems by heart.”
~ Rainer Maria Rilke

 

 

 

 

 

 

This from Forbes is actually part of the sales job. It’s “only” 3 people. And:

“just because you catch the virus after getting fully vaccinated doesn’t mean that the vaccine didn’t help you. You don’t know how much worse the infection could have been without the vaccine”

3 Fully Vaccinated People Catch Covid-19 Coronavirus in Hawaii (F.)

While the Covid-19 vaccines may protect you against Covid-19, their protection is not perfect. Even after getting vaccinated , you can still catch the virus. You can still get Covid-19. Case in point. Or rather three cases in point. According to the Hawaii Department of Health (DOH), three people in Hawaii who had received both doses of either the Moderna or the Pfizer/BioNTech vaccine subsequently tested positive for the Covid-19 coronavirus. Additionally, a fourth person who had received the first of two doses of the vaccine ended up catching the B.1.1.7 variant of the severe acute respiratory respiratory syndrome coronavirus 2 (SARS-CoV2). That be a more contagious version of the SARS-CoV2.

Don’t press the panic button just because you saw this news though. In general, pressing a button labeled “Panic” is a bad idea. Plus, three people catching the Covid-19 coronavirus does not mean that the Covid-19 vaccines do not work. Getting the vaccine does not mean that a giant six-feet thick concrete condom forms around your body. The vaccine does not serve as a solid 100% effective barrier to the virus. Even though the vaccines may be quite effective at preventing more severe Covid-19, you still have a chance of getting Covid-19 after being fully vaccinated. And there is still a chance that this Covid-19 can be severe. It’s just that your chances after vaccination may be significantly lower.

Ultimately, three people is not that many people. It’s not even enough to form a four-person bobsled team or a typical boy band or a combination of the two. And it’s only a tiny fraction of the people who have been fully vaccinated to date. According to the Centers for Disease Control and Prevention (CDC) Covid-19 Vaccine Tracker, over 35 million people have gotten both doses of the Pfizer/BioNTech or Moderna Covid-19 vaccines. [..] just because you catch the virus after getting fully vaccinated doesn’t mean that the vaccine didn’t help you. You don’t know how much worse the infection could have been without the vaccine, unless you’ve somehow mastered time travel.

Read more …

Sales job continued:

“A rebound in travel and day-to-day life most likely won’t be complete until after a vaccine for children becomes available..”

Travel Changes For Those Who Are Fully Vaccinated (F.)

The coronavirus vaccine is becoming available to more people across the United States and the world. Given the uptick in travel, it seems that more people are becoming confident to travel once they become fully vaccinated. Here are some travel changes to know about for those who have been (or will soon be) vaccinated. What Does “Fully Vaccinated” Mean? Your body must develop antibodies after receiving the recommended coronavirus vaccine dosage before you are “fully vaccinated.” The waiting period is 14 days after receiving your final dose. The 14-day period starts after receiving your second dose if you receive the Moderna or Pfizer vaccine. The Johnson & Johnson (Janssen) vaccine only requires one dose.

If you want to travel after getting the vaccine, your travel dates should start 14 days after receiving the second dose. As always, you should stay home if you’re showing potential signs and symptoms. People can still contract the coronavirus after being fully vaccinated. Vaccines For Children Are Coming A rebound in travel and day-to-day life most likely won’t be complete until after a vaccine for children becomes available. Moderna is currently testing a children’s vaccine for recipients between ages 6 months and 12 years. For now, fully vaccinated adults have fewer social distancing restrictions. Current social distancing guidelines remain in place for unvaccinated households and travelers.

Being fully vaccinated isn’t a free pass to unrestricted travel as it was before the pandemic. The CDC interim guidelines do not expressly state that those who are fully vaccinated should avoid non-essential travel. However, the vaccinated must limit their exposure to the unvaccinated, who can be at more risk of getting the virus in close contact. The fully vaccinated can visit these people without masks or social distancing: • Other fully vaccinated persons (in small groups only) • Visit with unvaccinated people from a single household if they are “low-risk”.

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“EMA did not rule out a possible link, however..”

European Trust In AstraZeneca COVID-19 Vaccine Plunges (R.)

Confidence in the safety of AstraZeneca’s COVID-19 vaccine has taken a big hit in Spain, Germany, France and Italy as reports of rare blood clots have been linked to it and many countries briefly stopped using it, poll data showed on Monday. The polling firm YouGov said it had already found in late February that Europeans were more hesitant about the AstraZeneca vaccine than about those from Pfizer Inc/BioNTech and Moderna Inc, and that the clot concerns had further damaged public perceptions of the AstraZeneca shot’s safety. At least 13 European countries in the past two weeks stopped administering the AstraZeneca shot, co-developed with scientists at Oxford University, after reports of a small number of blood disorders.

Many resumed its use on Friday after the European Medicines Agency regulator said in a preliminary safety review on Thursday that the vaccine was safe and effective and not linked with a rise in the overall risk of blood clots. EMA did not rule out a possible link, however, with rare cases of blood clots in the brain known as cerebral venous sinus thrombosis (CVST). YouGov’s poll – which covered about 8,000 people in seven European countries between March 12 and 18 – found that in France, Germany, Spain and Italy, people were now more likely to see the AstraZeneca vaccine as unsafe than as safe. Some 55% of Germans say it is unsafe, while less than a third think it is safe, the poll showed. In France, where AstraZeneca’s COVID vaccine was already unpopular, 61% of people polled say they now see it as unsafe.

In Italy and Spain, most people previously felt the AstraZeneca vaccine was safe – at 54% and 59% respectively – but those rates have fallen to 36% and 38% respectively, in the latest poll. The survey showed that only in Britain, where the AstraZeneca COVID-19 vaccine has been used in a national rollout since January, have the blood clot concerns had little to no impact on public confidence. The majority of people polled in the UK – 77% – still say the shot is safe. Their trust in it is on a par with Pfizer’s 79% perceived safety rating.

Read more …

A lot of material here. Good for the Philippines.

Ivermectin: Game changer vs Covid-19? What’s the Controversy? (Manila Times)

Desperation time is arriving at our door. Our infection rates are reaching all-time highs, hospitals are full, people are unnerved already and the Philippines is far behind other countries in the recovery. Most of us will survive, but many will die unnecessarily; millions of jobs are lost.Real tests are needed, not speeches. Let’s not kid ourselves that survival is proof of resilience and innovativeness; we must improve all performance indicators, including time to adopt the best practical practices. Can we improve this reality test of our nation’s ability to anticipate, select talent, plan and execute by turning around the Covid health and economic situation quicker? When do we kick out demagogues and incompetents?

One potentially very powerful decision that is simple to execute can bypass the costs, vaccine availability and logistics issues we have (but not the pharma politics and traditional medical bureaucracy?) is the properly managed use of ivermectin.Game changer? Worldwide cases on ivermectin have been accumulating since the middle of 2020. Many highly competent doctors and research institutions are asserting that it can massively decrease infection rates, periods, and severity, at low risk, even prior to the arrival and use of vaccines. What are the arguments for or against ivermectin use for Covid control and treatment? The National Institute of Health (NIH) of the US in January 2021 had upgraded their recommendation on ivermectin, from “against” to “neither for nor against,” making it an option for use against Covid-19.

With the All-Indian Institute of Medical Sciences of Bhubaneswar, India’s Dr. Batmanabane says of his experience: “Earlier, at least 20 to 25 health care workers were getting infected with the virus daily. After the workers started taking Ivermectin, the number of infections has come down to one or two per day.” Their study indicates an over 70 percent overall improvement. While ivermectin is associated at times with some nausea or dizziness or other mild reactions, there have not been serious cases. The Association of American Physicians and Surgeons (AAPS) notes that of 49 ivermectin studies, all show favorable results. Patients are dying, while over a billion doses have been used since the 1980s of this “very safe drug”. “Perhaps with this change, patients won’t need a court order to get a lifesaving drug,” according to AAPS executive director Dr. Jane Orient.

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“Greece will start offering Covid-19 self-testing kits next month to the entire population of the country.” “Greece will be the first EU member-state to offer these tests to the entire population free-of-charge.”

Greece Mobilizes Private Doctors to Cope With Surging Covid Infections (GR)

Greece announced on Monday it is mobilizing private doctors in an effort to contain the pressure on public hospitals struggling to cope with surging Covid-19 infections.Minister of Health, Vassilis Kikilias, said that despite an appeal for volunteers in the last few weeks “very few doctors came forward.” Of about 200 doctors requested by the government to assist their colleagues in the public sector, just 50 have come forward. Worse yet, attempts over the weekend to woo them with bonus fees failed. “Taking into account the emergency conditions and the urgent need for treatment of our fellow human beings, the Ministry of Health is mobilizing the services of Pathologists, Pulmonologists and General Practitioners in Attica,” Kikilias announced.

Doctors associations say the government should first recruit residents at state hospitals and other medical staff waiting to be hired before proceeding with the order, which they describe as absolutely extreme. On Sunday, Greece recorded another 1,514 new Covid-19 cases and the country broke yet another grim record, as a total of 674 people are now intubated in ICU units.The situation in Greece’s hospitals remains critical, with the capacity of many of them in Athens and other large cities being almost overwhelmed. Kikilias confirmed last week that Greece is “at the toughest point of the pandemic’s development.”He added that public hospitals are “on high emergency mode.”

Greece will start offering Covid-19 self-testing kits next month to the entire population of the country, the government said on Saturday.This comes as the latest addition to a series of measures that aim to curve the rising coronavirus infections in the country.Information and details on the new self-tests were announced by the Greek authorities, who claim that Greece will be the first EU member-state to offer these tests to the entire population free-of-charge.

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“The government’s response has lacked a risk variant analysis on all our populations.”

Growing Rebellion Against Draconian Covid Restrictions By Canadians (RT)

Some Canadians, armed with knowledge of the Charter of Rights and Freedoms, aren’t complying with the draconian and absurd measures, and instead are walking out of airports instead of being incarcerated in quarantine hotels. In March, nurse Jessica Faraone made headlines for doing just that and walking out of Toronto’s Pearson airport instead of subjecting herself to a costly $2,000-plus quarantine hotel stay. In a later interview, Faraone said a border guard had attempted to intimidate and shut her up, but she knew her rights. She added: “I have worked in the hospitals and more than ever I’m seeing suicide, depression, strokes, heart attacks, addiction issues. Masking people and children, oppressing health-care workers’ opinions that go against the grain, socially isolating people, and instilling fear into Canadians… is not how we solve this problem.”

And it’s not just well-informed individuals who are contesting the drastic measures. The Justice Centre for Constitutional Freedoms has been active in challenging the government both on quarantine hotels and on tickets issued to citizens for alleged violations of public health orders. The centre is also disseminating resources for Canadians to know their rights regarding Covid measures. Liberty Coalition Canada was formed after Covid restrictions were brought in. The coalition is a “national network of clergymen, elected officials, small business owners, legal experts and other concerned citizens” that now has a number of sub-groups addressing specific aspects of the measures Canada has taken. These include the social media campaign Save Our Youth, Reopen Ontario Churches, and the End the Lockdowns Caucus.

The latter comprises a number of current and former elected representatives who came together in February “resolved to ensure there is open, honest, and public debate regarding the Covid government response.” This body espouses what many ordinary Canadians have been feeling: “After careful examination and scrutiny of mitigation measures undertaken by all levels of government, it is now evident that the lockdowns cause more harm than the virus and must be brought to an end.” Likewise, the newly-formed Professionals Against Lockdowns – already listing over 100 professionals, including doctors, nurses, healthcare professionals, legal experts, police and teachers – aims to provide “evidence-based, scientific research that will educate and empower the public.”

Noting the widespread censorship of any dissenting voices on issues Covid, its statement reads: “It is our professional duty to protect the public, our communities, and our children. We will advocate for what is right and speak up against harm. Together, we will continue to be the voice for the voiceless to ensure that the truth about these lockdowns is heard. “The government’s response has lacked a risk variant analysis on all our populations. We are seeing the harm being done first-hand. We know lockdowns, isolation of healthy individuals, and the violation of our rights are causing more harm than good.”

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“They’re strangely compelled to seek every possible opportunity to insult the public’s intelligence while destroying what’s left of American culture..”

V. Putin Ain’t No Corn Pop (Kunstler)

Pretty soon, the president’s handlers will have to forbid him to open his pie-hole in public altogether. No more one-on-one interviews even with slow-pitch party shills like Mr. Stephanopoulos. They’ll just wheel him into the rose garden periodically like a cigar store Indian for proof-of-life demonstrations and leave the management of the nation… to others.

And how’s that going after a couple of months? Apparently, economic collapse is not enough for the party in charge of things now. They’re strangely compelled to seek every possible opportunity to insult the public’s intelligence while destroying what’s left of American culture. Case in point out of Nancy Pelosi’s Congress: HR1, the so-called “For the People Act,” institutionalizing ballot fraud in US elections. The law would make permanent the Covid-19 emergency mail-in voting system, over-riding whatever each state’s election law says — which makes the act appear patently unconstitutional — plus permitting same-day motor-voter registration of any live body, citizen or not, plus removing all voter ID requirements, and much more to ensure the country is never again threatened by a fair election.

Next up: HR5, the so-called “Equality Act,” institutionalizing the notion that categories of “male” and “female” are mere cultural constructs and must in no way be allowed to order any cultural activity from school to work to leisure. The bill was initially conceived to harden into law President Obama’s EO expanding the Department of Education’s Title IX rules on school sports — which eventuated in “trans women” disrupting girls’ sports. Now, men pretending to be women (and vice-versa) will be allowed to disrupt everything else in American life, especially the civil courts, with frivolous lawsuits.

Also in the pipeline: HR6, the so-called “American Dream and Promise Act,” and its Senate companion, S264, the plain “Dream Act,” that will grant permanent residency and then citizenship to currently “undocumented” people who snuck into the USA as children. The dreams and promises have already been delivered, even before the final passage of any new act, with an unprecedented flood of unaccompanied migrant children crashing the border, as well as a surge of adults fleeing Mexico and Central America. Apparently, the thinking in Washington these days is that we don’t have enough poor people in America, that their lives are not difficult enough. The message couldn’t be clearer to millions outside the United States: by all means, cross the border and we will do nothing about it.

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“When overspending does cause inflation, the MMT remedy is to remove money from circulation through progressive taxation, rather than by reducing spending and sacrificing the poor to unemployment.”

Welcome To The Age Of Modern Monetary Theory (Kodrik)

Congress has authorized $6 trillion in deficit spending to defeat the coronavirus. That’s more than the United States spent fighting World War II, when $4 trillion of government spending released the country from the clutches of the Great Depression. Naturally, politicians and pundits debate whether the amount is excessive. But implicit in their seemingly routine deficit debate is a remarkable shift: Inflation has replaced debt — the old stalking horse for defeating progressive legislation — as the primary concern with deficit spending. It’s a subtle change, with profound consequences. And it augurs the rise of a revolutionary approach to political economy, Modern Monetary Theory (MMT), as the dominant paradigm in the politics of money.

Like Keynesians of yesteryear, Modern Monetary Theorists urge government to achieve full employment through fiscal policy, even when it requires deficit spending. Their comfort with large deficits emerges from an understanding that an obsession with national debt is a relic of another time, the age of gold standards and fixed currency arrangements. Today, in the age of national monetary sovereignty and free-floating currencies, countries like the United States can fulfill all financial obligations with a simple keystroke. Still, MMT economists don’t exactly scoff at deficits. Their point is that inflation, rather than rising national debt, is the best indicator of whether deficits are too large.

Short of extreme inflation, MMT encourages policymakers to juice the economy through government spending. Seen through MMT goggles, a tenet of economic orthodoxy is flipped on its head: Deficits appear as virtuous public investments, while surpluses become scourges, condemned for sucking money out of the economy. In this brave new world, the refusal of monetary sovereigns to run substantial deficits seems cruel and inefficient. According to MMT economist Stephanie Kelton, deficit spending can and should continue while additional spending can be absorbed by an economy’s productive resources. When overspending does cause inflation, the MMT remedy is to remove money from circulation through progressive taxation, rather than by reducing spending and sacrificing the poor to unemployment.

Read more …

We are all MMT now.

Next Round Of Us Fiscal Legislation Could Reach $4 Trillion – Goldman (FXS)

Analysts at Goldman Sachs eye another US fiscal stimulus, ranging to as high as $4.00 trillion, in their latest note published recently. The US bank suggests a minimum of $2.00 trillion of the infrastructure spending package, which could go to $4.00 trillion if including health care, education, and child care initiatives, in the next round of relief from US President Joe Biden. It should be noted that the bank anticipates higher taxes as a resource for paying the fiscal relief bill. “The tax plan proposed by President Biden in his election campaign would raise the statutory corporate tax rate on domestic income from 21% to 28%, partially reversing the cut from a rate of 35% passed in the 2017 Tax Cuts and Jobs Act. The plan would also raise the tax rate on foreign income (also called the “GILTI” tax) and institute a minimum corporate tax rate,” said the note further.

Read more …

Edward Curtin starts out alright, but then…

Media Pseudo-Debates and the Silence of Leftist Critics (Curtin)

You’ve heard of them, no doubt, the U.S. rulers who can’t rule too well and are always getting surprised by events or fed bad advice by their underlings. Their “mistakes” are always well intentioned. They stumble into wars through faulty intelligence. They drop the ball because of bureaucratic mix-ups. They miscalculate the perfidy of the elites whom allegedly they oppose while ushering them into the national coffers out of necessity since they are too big to fail. They never see the storm coming, even as they create it. Their incompetence is the retort to all those nut cases who conjure up conspiracy theories to explain their actions or lack thereof. They are innocent. Always innocent.

They and their media mouthpieces offer Americans, who are most eager to accept, what Lutheran pastor and anti-Nazi dissident Dietrich Bonhoeffer, executed at age thirty-nine by Hitler, called cheap grace: “Cheap grace is the grace we bestow on ourselves. Cheap grace is the preaching of forgiveness without requiring repentance…” These incompetents are, in the immortal words of the New York newspaper columnist Jimmy Breslin, “The Gang Who Couldn’t Shoot Straight.” Except they could and can. They’ve actually shot a lot of people, here and abroad. It’s one of their specialities. But they mean well. They screw up sometimes, but they mean well. They care, even while they kill millions with their guns and bombs. But they have their followers.

As another dissident thirty-nine-year-old pastor, executed by the American state, Martin Luther King, Jr. said: “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.” The US rulers have their defenders. Most are corporate mainstream journalists whose jobs are to defend the ruling elites of both political parties. They will criticize across the political divides depending on their organizations’ political leanings at the moment. But they will never attack the fundamentals of the oligarchic war system since they are part of it. Their jobs depend on it. So CNN and The New York Times will obsessively attack Trump while Fox News will do the same to Obama or Biden. This is a game.

These days such massive media conglomerates are seemingly starkly divided and basically serve as adjuncts of one political party or the other. They are essentially political propagandists for either the Democrats or the Republicans and have abandoned any pretense to be anything else. They speak to their respective audiences in self-enclosed vacuums. They promote the divide that runs down the middle of the USA, a divide they helped to create.

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Round-Up used to destroy entire crops. Anything else you wish to know?

Biden Pushes Colombia to Restart Glyphosate Spraying Program

After a six-year halt, Colombia plans to restart the toxic aerial spraying of glyphosate on coca crops as early as next month—drawing “most welcome” support from U.S. President Joe Biden and sharp criticism from 150 regional experts who wrote to Biden, “your administration is implicitly endorsing former President Trump’s damaging legacy in Colombia.” On March 2nd, the Biden administration welcomed Colombia’s decision to restart its aerial coca eradication program in Biden’s first annual 2021 International Narcotics Control Strategy Report: “The government of Colombia has committed to re-starting its aerial coca eradication program, which would be a most welcome development.”

Colombia halted the controversial spraying program in 2015. In 2018, Colombia’s then-new President Ivan Duque vowed to resume the program but has yet to restart the aerial spraying The country faced increasing pressure from the United States to restart the program. “You’re going to have to spray,” former US President Donald Trump told Duque at the White House during a March 2, 2020 meeting. Aerial fumigation had been a central component of Plan Colombia, the 2005 multi-billion dollar U.S. program to finance the Colombian government war on coca cultivation and their war on FARC, which was Colombia’s largest rebel group before being disbanded in 2017.

But in 2015, the Colombian Supreme Court ruled that the spraying must end if the spraying of glyphosate was creating health problems. Also, in 2015, the World Health Organization found that glyphosate—also known as “Roundup”—was harmful to the environment and health, potentially causing cancer. In 2014, ending aerial fumigation was central to peace negotiations with FARC, with the Colombian government agreeing with FARC negotiators that it would transition away from aerial spraying. The Colombian government was also facing significant pressure from the rural poor, who were organizing national protests against aerial fumigation and other forms of forced eradication.

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Hmmm. Sounds pretty weak.

Bipartisan Australian MPs Meet With US Embassy About Julian Assange (SMH)

A cross-party delegation of Australian MPs has met with Washington’s top envoy in Canberra in their continued attempts to encourage the United States to drop its extradition attempts against the WikiLeaks founder. Nationals MP George Christensen, Independent Andrew Wilkie and Labor’s Julian Hill lobbied the US embassy’s charge d’affaires, Michael Goldman, on Monday morning, arguing the Australian citizen should be allowed to return home. The US Justice Department has appealed a British judge’s ruling that prevents Mr Assange from being extradited from London to face espionage charges. Judge Vanessa Baraitser ruled last month that while the case against the Australian was sound, his fragile mental health put him at “substantial risk” of taking his own life in prison.

Supporters of Mr Assange had hoped that new US President Joe Biden’s administration would opt to drop the case, which the Obama administration had declined to charge over concerns that doing so would put press freedoms at risk. He is accused of helping former army private Chelsea Manning obtain and leak classified information on the wars in Afghanistan and Iraq. Mr Wilkie, a whistleblowing intelligence officer-turned-MP, said the delegation raised numerous issues with Mr Goldman, including the increasing cross-party and public support for the US extradition of Mr Assange from the UK to be dropped. The trio argued the US was at risk of “reputational damage” over the inconsistency that WikiLeaks source, Chelsea Manning, had her sentence commuted while WikiLeaks founder, Julian Assange, was still being pursued.

[..] “It was heartening that Mr Goldman agreed to the meeting and gave us a fair hearing,” Mr Wilkie said. “Hopefully our representations this morning impressed upon him the broad concern in Australia, and indeed right around the world, at the shocking injustice being meted out to Julian Assange. The US’s pursuit of Mr Assange is obviously not in the public interest and must be dropped.”

Read more …

 

 

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If the Queen moves four squares forward the Bishop can take her.

 

 

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Feb 172021
 
 February 17, 2021  Posted by at 10:12 am Finance Tagged with: , , , , , , , ,  55 Responses »


Gutzon Borglum Repairing the Face of Abraham Lincoln, Mount Rushmore 1962

 

New French Nasal Spray Eliminates 99% Of Covid Virus (CF)
S–t Public Defenders See: The Great Covid-19 Jury Charade (Taibbi)
The False and Exaggerated Claims About the Capitol Riot (Greenwald)
Trump Acquitted (Again), But Trump Hatred Continues (Ron Paul)
Trump Cuts Ties With Giuliani (F.)
Trump Unleashes Scathing Statement Blasting Sen. Mitch McConnell (JTN)
Comey Told Clapper FBI Unable To ‘Sufficiently Corroborate’ Steele (JTN)
New Comey Email Raises More Questions About Steele Dossier (Turley)
Lincoln Project’s Rick Wilson Raised $64G For Anti-Trump Film (Fox)
Is This the Greatest Bubble of All Time? (CHS)
Who Bought the $4.5 Trillion Added in One Year to US National Debt? (WS)
Bayer, US Officials Pressured Mexico To Drop Glyphosate Ban (G.)

 

 

This doesn’t often happen, but it did yesterday.

 

 

Biden said some strange things last night. His comments on China and the Uighurs were very weird.

But even then Trump steals the headlights.

 

 

Problem solved?!

New French Nasal Spray Eliminates 99% Of Covid Virus (CF)

A French pharmaceutical company has developed a nasal spray that it says could eliminate up to 99% of the Covid-19 virus, with the product set to be available to buy within weeks. French group Pharma & Beauty (P&B) has been working on the spray for almost a year. It says that according to several studies it can eliminate 99% of the viral load in nasal passages within 30 seconds and reduce the spread of the virus by up to 90%. The company is set to begin selling the product from March 1. Production is scheduled to begin next week at the P&B site in Montélimar, Drôme; and then in four other P&B factories across France.


Between 1 million-3 million bottles are expected to be available in March, followed by 13 million-15 million each month from April. Each bottle of 30ml is expected to last one month, and will be sold at €14.90 each. A statement on the P&B LinkedIn page reads: “[The spray] prevents viral spread by mechanically dislodging infectious agents in the nasal cavity, and facilitating their evacuation – and locally reduces the viral load.” The spray is 40% ionised water with high antimicrobial properties and 60% purified water.

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Curious consequences: “This left a lot of people who had not even been convicted of a crime but couldn’t afford bail in a purgatory-like state of open-ended detention.

S–t Public Defenders See: The Great Covid-19 Jury Charade (Taibbi)

When the world ground to a halt a year ago thanks to Covid-19, Americans quickly worried over the important questions. Will we still get to go to basketball games? Will McDonald’s only be Drive-Thru now? Do manicurists deliver? The parts of the country that were already out of sight to most receded further from view. Covid-19 struck at the elderly in rest homes, but the population that took perhaps the toughest hit was behind bars. By June, the rate of infection in America’s jails and prisons was seven times that of the general population. By this month, 612,000 cases had been reported in correctional facilities, with at least 2,700 deaths among prisoners and corrections officials.

In news reports, we mostly read that prosecutors and corrections officials were trying to find ways to reduce the risk of disease both in jails and in court, another institution that traditionally required people to congregate indoors. Many districts suspended jury trials indefinitely, a serious problem for those awaiting trial, and one that raised a question: if officials were too worried about the safety of jurors to schedule trials, what did that mean for grand juries? In other words, was the pandemic too dangerous for speedy trial rights, but not dangerous enough to slow indictments? Were there places where jury trials were canceled, but grand juries were not? In some select jurisdictions across the country, the answer appeared — and appears — to be yes.

“It highlights the way in which the pandemic is being used selectively,” says Scott Hechinger of Zealous, a national public defender advocacy organization. “In some places it’s used to perpetuate the system, in some places, to make it worse.” The significance of jury trials is obvious. Defendants have a right to them, and they also have a constitutional right to a speedy trial, i.e. the government is not allowed to charge a person and leave them under suspicion indefinitely. Cases must be adjudicated in a reasonable period of time. In some jurisdictions, the satisfaction of speedy trial rights means getting a defendant to trial within a concrete number of days, though the calculation is often complicated.

During the pandemic, however, jury trials were suspended in many jurisdictions. In some of those places, it was understood that speedy trial rights simply had to be put on hold until officials could, as Donald Trump would say, figure out what the hell is going on. This left a lot of people who had not even been convicted of a crime but couldn’t afford bail in a purgatory-like state of open-ended detention.

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Did they apologize? Or is that not done anymore in 2021?

The False and Exaggerated Claims About the Capitol Riot (Greenwald)

What took place at the Capitol on January 6 was undoubtedly a politically motivated riot. As such, it should not be controversial to regard it as a dangerous episode. Any time force or violence is introduced into what ought to be the peaceful resolution of political conflicts, it should be lamented and condemned. But none of that justifies lying about what happened that day, especially by the news media. Condemning that riot does not allow, let alone require, echoing false claims in order to render the event more menacing and serious than it actually was. There is no circumstance or motive that justifies the dissemination of false claims by journalists. The more consequential the event, the less justified, and more harmful, serial journalistic falsehoods are.

Yet this is exactly what has happened, and continues to happen, since that riot almost seven weeks ago. And anyone who tries to correct these falsehoods is instantly attacked with the cynical accusation that if you want only truthful reporting about what happened, then you’re trying to “minimize” what happened and are likely an apologist for if not a full-fledged supporter of the protesters themselves.

One of the most significant of these falsehoods was the tale — endorsed over and over without any caveats by the media for more than a month — that Capitol Police officer Brian Sicknick was murdered by the pro-Trump mob when they beat him to death with a fire extinguisher. That claim was first published by The New York Times on January 8 in an article headlined “Capitol Police Officer Dies From Injuries in Pro-Trump Rampage.” It cited “two [anonymous] law enforcement officials” to claim that Sicknick died “with the mob rampaging through the halls of Congress” and after he “was struck with a fire extinguisher.” A second New York Times article from later that day — bearing the more dramatic headline: “He Dreamed of Being a Police Officer, Then Was Killed by a Pro-Trump Mob” — elaborated on that story:

After publication of these two articles, this horrifying story about a pro-Trump mob beating a police officer to death with a fire extinguisher was repeated over and over, by multiple journalists on television, in print, and on social media. It became arguably the single most-emphasized and known story of this event, and understandably so — it was a savage and barbaric act that resulted in the harrowing killing by a pro-Trump mob of a young Capitol police officer.


It took on such importance for a clear reason: Sicknick’s death was the only example the media had of the pro-Trump mob deliberately killing anyone. In a January 11 article detailing the five people who died on the day of the Capitol protest, the New York Times again told the Sicknick story: “Law enforcement officials said he had been ‘physically engaging with protesters’ and was struck in the head with a fire extinguisher.”

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“Without the Chief Justice, there was no Constitutional impeachment trial. So they put on a show trial instead.”

Trump Acquitted (Again), But Trump Hatred Continues (Ron Paul)

Last week’s second impeachment trial of former President Trump should serve as a warning that something is very wrong in US politics. Far from a measured, well-investigated, rock-solid case against the former president, America was again abused with day after day of character assassination, innuendo, false claims, and even falsified “evidence.” The trial wasn’t intended to win a conviction of Trump for “incitement” because the Democrats already knew that the votes were not there. So, just as with the last impeachment trial, the goal was to fling as much dirt at Donald Trump as they could while the cameras were rolling. Their hatred of Donald Trump is so deep and visceral that probably a psychologist would have been more beneficial to them than yet another impeachment trial.

It would be incorrect to say that the House managers’ case fell apart, because they had no case to begin with. They never had a case because they made no effort to develop a case. The Chief Justice of the Supreme Court saw from the beginning that this was no legitimate impeachment trial and informed Senate Majority Leader Chuck Schumer that he would not preside. Without the Chief Justice, there was no Constitutional impeachment trial. So they put on a show trial instead. As Constitutional law professor Jonathan Turley kept asking, why didn’t the House schedule a single hearing to investigate what really happened up to and on the day of the Capitol melee on January 6th? They had weeks to do so. Professor Turley believes they might even have been able to make a decent case if they had tried.

Why did they not call witnesses? Were there no rioters who could be called to explain under oath how Trump’s speech had inspired them to enter the Capitol building to overturn the election? Were they afraid that under cross-examination we might have found out more about Trump chief of staff Mark Meadows’ claim that Trump offered to deploy 10,000 National Guard troops in Washington before January 6th but that his offer was rebuked? What about reports that Capitol Hill Police were left without back-up and unprepared for what happened? House and Senate leadership is responsible for security at the Capitol and they obviously failed. Why?

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Can Michael van der Veen handle this one too?

Trump Cuts Ties With Giuliani (F.)

Attorney Rudy Giuliani is “not currently” representing former President Donald Trump “in any legal matters,” Trump advisor Jason Miller said in a statement Tuesday, as the ex-president’s former personal lawyer faces multiple lawsuits against him for his role in Trump’s effort to overturn the presidential election results. Miller’s statement was in response to a lawsuit filed Tuesday against Trump, Giuliani and two far-right groups, which alleges the president and his lawyer violated the Ku Klux Klan Act in their attempt to stop the election results from being certified by Congress. Giuliani served as Trump’s personal attorney throughout his presidency and most recently helmed the president’s unsuccessful attempt to challenge the election results in court, including appearing on Trump’s behalf in a Pennsylvania case.


The former mayor said he did not represent Trump in his Senate impeachment trial—despite a willingness to do so—because he was a “witness” in the case and gave a speech at the rally that preceded Trump supporters’ seizure of the U.S. Capitol building. Giuliani has been sued for defamation twice in recent weeks for spreading unsubstantiated election fraud claims involving voting machines from Dominion Voting Systems and Smartmatic. He is also reportedly under federal investigation by the Southern District of New York for his business dealings in Ukraine, and an ethics complaint has been filed that seeks to disbar Giuliani in New York.

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Power struggle: “Mitch is a dour, sullen, and unsmiling political hack..”

Trump Unleashes Scathing Statement Blasting Sen. Mitch McConnell (JTN)

Former President Donald Trump issued a scathing statement on Tuesday in which he excoriated Senate Minority Leader Mitch McConnell. “The Republican Party can never again be respected or strong with political ‘leaders’ like Sen. Mitch McConnell at its helm,” Trump said in the fiery statement. “McConnell’s dedication to business as usual, status quo policies, together with his lack of political insight, wisdom, skill, and personality, has rapidly driven him from Majority Leader to Minority Leader, and it will only get worse. The Democrats and Chuck Schumer play McConnell like a fiddle—they’ve never had it so good—and they want to keep it that way! We know our America First agenda is a winner, not McConnell’s Beltway First agenda or Biden’s America Last.”

“Mitch is a dour, sullen, and unsmiling political hack, and if Republican Senators are going to stay with him, they will not win again,” the former president said elsewhere in his statement. “He will never do what needs to be done, or what is right for our Country. Where necessary and appropriate, I will back primary rivals who espouse Making America Great Again and our policy of America First. We want brilliant, strong, thoughtful, and compassionate leadership.” The nation’s 45th commander-in-chief also attacked Republicans Georgia Gov. Brian Kemp and the Peach State’s GOP Secretary of State Brad Raffensperger in the statement.

“Many Republicans in Georgia voted Democrat, or just didn’t vote, because of their anguish at their inept Governor, Brian Kemp, Secretary of State Brad Raffensperger, and the Republican Party, for not doing its job on Election Integrity during the 2020 Presidential race,” Trump said. “It was a complete election disaster in Georgia, and certain other swing states. McConnell did nothing, and will never do what needs to be done in order to secure a fair and just electoral system into the future. He doesn’t have what it takes, never did, and never will,” Trump declared.

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In a functioning society, there would be an investigation.

Comey Told Clapper FBI Unable To ‘Sufficiently Corroborate’ Steele (JTN)

The very day in January 2017 that then-FBI Director James Comey signed a FISA surveillance warrant application declaring content from Christopher Steele’s dossier had been “verified,” he wrote President Obama’s outgoing intelligence community chief with a very different assessment of the British spy’s intelligence on Russia collusion, a newly released memo shows. “We are not able to sufficiently corroborate the reporting,” Comey wrote in a Jan. 12, 2017 email to then-Director of National Intelligence James Clapper that was declassified and made public through an open records lawsuit by the Southeastern Legal Foundation. The memo recounts an internal debate inside the U.S. intelligence community during one of the most delicate moments in the FBI’s then six-month old Crossfire Hurricane probe.

CIA officials had already informed Comey’s FBI that the target of the FISA warrant, Carter Page, wasn’t a Russian spy but rather an asset helping U.S. intelligence. The bureau had received warnings about Steele and the reliability of his source network, including that it might have been compromised by Russian disinformation. Agents had also just recommended on Jan. 4, 2017 shutting down the probe’s inquiry into incoming National Security Adviser Michael Flynn for lack of evidence. The FBI had been warned the previous summer that Hillary Clinton’s campaign may have planted the false Russia collusion story as a way to “vilify” Trump and distract from her email scandal, and agents were about to interview Steele’s primary sub-source, who would discount much of the information in the dossier attributed to him as bar talk and unconfirmed rumor not worthy of official intelligence.

And the larger intelligence community had decided it did not want to vouch for the Steele dossier in its official Intelligence Community Assessment about Russian meddling in the 2016 U.S. election. It was in that environment in the final days of the Obama administration that Clapper had written Comey earlier on Jan. 12, 2017 to inform the FBI that Clapper had decided to release a public statement declaring that the Steele dossier was only mentioned in an appendix to the intel community’s report because the “IC has not made any judgment that the information in the document is reliable.” Comey tried to push back, suggesting Steele was deemed reliable (he actually had been terminated by the FBI for leaking by that time) and that his network included sources that might be in a position to know things (although the key source had already disavowed the information attributed to him in the dossier).

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“Comey signed a statement to the secret court that the information was “verified” on the same day that he admitted to Clapper that “We are not able to sufficiently corroborate the reporting.”

New Comey Email Raises More Questions About Steele Dossier (Turley)

Justthenews has released a previously undisclosed email from former FBI Director James Comey that raises additional questions about his role in using the now discredited Steele dossier as part of the FBI Russian investigation. The email on Jan. 12, 2017 email to then-Director of National Intelligence James Clapper falsely claims that Christopher Steele was found to be “reliable” but then states that the FBI could not “sufficiently corroborate the reporting.” The email went out the same day that Comey signed a FISA surveillance warrant application declaring that content from Christopher Steele’s dossier had been “verified.” We are still waiting for the results of the John Durham investigation but this email raised additional questions about Comey’s role.

Comey has testified that he would not have approved such surveillance if he knew then what he knew now about the Steele dossier. Comey signed a statement to the secret court that the information was “verified” on the same day that he admitted to Clapper that “We are not able to sufficiently corroborate the reporting.” Yet, he also did not tell Clapper what the FBI had already knew about Steele and Carter Page. While Comey later insisted that he was unaware of basic information, he was signing applications for secret surveillance and advising Clapper without either confirming or disclosing information. The CIA had already told the FBI that Page was a U.S. intelligence asset, not a Russian spy. It had also been warned that Hillary Clinton’s campaign was trying to plant a false Russian collusion story in the media.(The Clinton campaign and its attorney Marc Elias had reportedly denied that the campaign funded the dossier until after the election)

It was also told that Steele’s primary source was a suspected Russian agent and that is network was compromised by Russian intelligence. Steele had also been reportedly terminated by the FBI as a source because of his efforts to plant stories in the media. Comey mentioned none of this and instead cautioned Clapper against a statement saying that there was no judgment on the reliability of the Steele dossier. He was opposed to a public statement declaring that the Steele dossier was only mentioned in an appendix to the intel community’s report because the “IC has not made any judgment that the information in the document is reliable.” Comey insisted her was reliable:

“I just had a chance to review the proposed talking points on this for today. Perhaps it is a nit, but I worry that it may not be best to say ‘the IC has not made any judgment that the information in the document is reliable.’ I say that because we HAVE concluded that the source is reliable and has a track record with us of reporting reliable information; we have some visibility into his source network, some of which we have determined to be sub-sources in a position to report on such things; and much of what he reports in the current document is consistent with and corroborative of other reporting included in the body of the main IC report.” So Comey worked to preserve the public narrative in support of the Steele dossier, which was being widely disseminated and fueled what was later found to be an unsupported conspiracy theory. He did so while admitting later “That said, we are not able to sufficiently corroborate the reporting to include it in the body of the report.”

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“The GoFundMe page initially claimed the feature-length documentary would premiere in January 2018.”

Lincoln Project’s Rick Wilson Raised $64G For Anti-Trump Film (Fox)

Rick Wilson, co-founder of the anti-Trump Lincoln Project PAC, raised nearly $65,000 for a film called “Everything Trump Touches Dies” that has yet to be released. Wilson raised $64,766 from around 1,400 donors for the film – based on his book under the same title – on the crowdfunding platform GoFundMe, though donations have since been paused for the project. The GoFundMe page initially claimed the feature-length documentary would premiere in January 2018. But a January 2018 update from Wilson said filmmakers were still working on its “first round of interviews” and asked people to give more money to the project.

“Team Trump won’t like this, but we’re in the home stretch in this fundraising effort for [the film],” Wilson wrote. “Your support is more vital and appreciated than ever.”Wilson provided no updates for nearly two months, when he said in March 2018 that the film was in “final production” and again asked for more money. Nearly a year later in February 2019, Wilson insisted that the project was “still happening” and that he needed to “expand the scope of the project to truly tell the story.” “We will endeavor to keep our community more informed as the project goes forward,” he wrote, but no update has been posted to the page since then. [..] Ben Howe, who is listed as the project’s director and producer, told Fox News Tuesday that the film is still in production.

“Delays have caused issues, the primary one in the last year being the difficulty of filming the remaining interviews with location shooting being so limited due to quarantine,” Howe said, “An issue that’s affecting filming across all film-related industries – including Hollywood – so certainly not limited to this.” “The issue now is that, in almost every way imaginable, the world looks very different than when Rick first asked me to direct,” Howe continued. “So, what an interviewee might’ve offered as analysis at the end of 2019 is almost certainly different today and that has to be accommodated for the film to offer any value.”

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GBOAT.

Is This the Greatest Bubble of All Time? (CHS)

[..] what’s the greatest bubble of all time (GBOAT)? The easiest way to measure speculative bubbles is the starting price and the peak price, but that may not do justice to the question. Perhaps the number of people drawn into the speculative frenzy is a better measure of GBOAT: after all, if only a handful of speculators lose their shirts, how that can be the greatest bubble of all time? To even qualify, a bubble must drawn the masses into the euphoria and then slaughter them as mercilessly as Hammurabi massacred the goat profiteers. Another qualifying factor is the scale of disconnect from reality. Even if you overpaid for a goat in a speculative mania, at least you can still milk the goat and make cheese. But tulips, which drove the remarkably excessive speculative Tulip Mania in 1636 Holland, are not even edible.

At least tulips offer a bit of beauty in a world besmirched by speculative ugliness, but the shares of the South Seas Company that sucked in the best and brightest in 1720 Britain and proceeded to lay waste to their wealth did not even have that saving grace. Another qualifying factor is the power of the delusion driving the bubble. To qualify as a contender for GBOAT, the mania has to be utterly convincing and persuasive to everyone involved. In other words, it isn’t even speculation to invest all your money in the bubble, it’s simply common sense due to the dead certainty of the proposition fueling the mania.

The 1999-2000 Dot-Com Bubble is a good example of the universality of belief in the obviousness of the gains to be reaped: the Internet was changing the world and would expand for decades, so obviously the companies involved would grow for decades, too, as would their profits (obviously!). The chart of the dot-com bubble offers a textbook example of how a bubble gathers momentum, spikes to insane heights, falters as the smart money exits but soars to a lower high as true believers buy the dip. Once the buying is exhausted, the bubble collapses back to its starting level.

But not all bubbles follow this trajectory. Here is a current chart of IWM, the Russell 2000 index, courtesy of NorthmanTrader.com. (I added the black box and the red line in the center panel to indicate the previous bubble top.) The violence and amplitude of this speculative mania over the past year makes the dot-com bubble appear quaintly staid in comparison.

So let’s make the case that we’re experiencing the greatest bubble of all time in real time. The magnitude of the price movement is extreme: check. The number of people sucked into the mania is extreme: check. The power of the delusion is extreme: check. (The Fed will print trillions forever, federal government will borrow and blow trillions forever, the world is about to enter Roaring 20s, technology is changing the world, etc. etc. etc.) The gains to be reaped are extremely obvious: check.

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Much more in the article.

Who Bought the $4.5 Trillion Added in One Year to US National Debt? (WS)

Driven by stimulus and bailouts, and fired up by the tax cuts and by grease and pork, the Incredibly Spiking US National Debt has skyrocketed by $4.55 trillion in 12 months, to $27.86 trillion, after having already spiked by $1.4 trillion in the prior 12 months, which had been the Good Times. These trillions are all Treasury securities that form the US national debt, and someone had to buy every single one of these securities:

So we’ll piece together who bought those trillions of dollars in Treasury Securities that have whooshed by over the past 12 months. Tuesday afternoon, the Treasury Department released the Treasury International Capital data through December 31 which shows the foreign holders of the US debt. From the Fed’s balance sheet, we can see what the Fed bought. From the Federal Reserve Board of Governors bank balance-sheet data, we can see what the banks bought. And from the Treasury Department’s data on Treasury securities, we can see what US government entities bought. In the fourth quarter, foreign central banks, foreign government entities, and foreign private-sector entities such as companies, banks, bond funds, and individuals, reduced their holdings by $35 billion from the third quarter, to $7.04 trillion. This was still up from a year ago by $192 billion (blue line, right scale in the chart below). But their share of the Incredibly Spiking US National Debt fell to 25.4%, the lowest since 2007 (red line, right scale):

Japan (blue line), the largest foreign creditor of the US, reduced its holdings in Q4 by $20 billion, to $1.26 trillion. But compared to a year earlier, its holdings were still up by $102 billion. China (red line) continued on trend, gradually reducing its holdings. In Q4, its holdings ticked down just a tad, and over the 12-month period fell by $8 billion, to $1.06 trillion:

[..] All these holders of the monstrous US Treasury debt, combined into one mountain, and color-coded for your amusement by category of holder as of December 31:

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Go AMLO!

Bayer, US Officials Pressured Mexico To Drop Glyphosate Ban (G.)

Internal government emails reveal Monsanto owner Bayer AG and industry lobbyist CropLife America have been working closely with US officials to pressure Mexico into abandoning its intended ban on glyphosate, a pesticide linked to cancer that is the key ingredient in Monsanto’s Roundup weed killers. The moves to protect glyphosate shipments to Mexico have played out over the last 18 months, a period in which Bayer was negotiating an $11bn settlement of legal claims brought by people in the US who say they developed non-Hodgkin lymphoma due to exposure to the company’s glyphosate-based products.

The pressure on Mexico is similar to actions Bayer and chemical industry lobbyists took to kill a glyphosate ban planned by Thailand in 2019. Thailand officials had also cited concerns for public health in seeking to ban the weed killer, but reversed course after US threats about trade disruption. So far the collaborative campaign to get the Mexican government to reverse its policy does not appear to be working.

The Mexican president Andres Manuel Lopez Obrador has given farmers until 2024 to stop using glyphosate. On 31 December, the country published a “final decree” calling not only for the end of the use of glyphosate but also a phase-out of the planting and consumption of genetically engineered corn, which farmers often spray with glyphosate, a practice that often leaves residues of the pesticide in finished food products. The moves are for the “purpose of contributing to food security and sovereignty” and “the health of Mexican men and women”, according to the Mexican government. But Mexico’s concern for the health of its citizens has triggered fear in the United States for the health of agricultural exports, especially Bayer’s glyphosate products.

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Sep 062019
 


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The Trade War Is Smart Geopolitics (NR)
China’s Growth Is Slowing, but not Because of the Trade War (PIIE)
The Ugly Truth About The Trade War (Alt-M)
Fed QE Unwind Continues Via Sharp Drop In MBS (WS)
Trump Administration Backs Privatizing Fannie Mae And Freddie Mac (MW)
Is Armed Conflict Possible in Today’s Europe? (Spiegel)
Boris Johnson: I’d Rather Be Dead In a Ditch Than Delay Brexit (BBC)
Hong Kong Braces For More Protests As Merkel Calls For Peaceful Solution (R.)
The Pentagon Wants More Control Over the News. What Could Go Wrong? (Taibbi)
Germany Announces Plan to Ban Glyphosate (CD)
Targeting the Tongass National Forest for Amazon-like Destruction (CP)
They Want Him Dead As A Warning (Maurizi)

 

 

A bunch of views on the trade war. I’d say take your pick. Something for everyone.

The Trade War Is Smart Geopolitics (NR)

Why is our industrial supply chain located inside of an adversary? Why does our military readiness therefore depend on that adversary? Why are American companies allowed to transfer critical technologies to China in exchange for short-term market access? Why can Tesla build self-driving cars in Shanghai? Why can Google run an AI lab in Beijing after canceling an AI contract with the Pentagon? The free traders have an answer: because the market wills it. But of course, markets have no reason to prefer one global power over another, and there’s no market rule barring a surveillance state from winning the competition. In that competition, our ideological commitment to free trade is nearly as great a handicap as the Soviet Union’s commitment to central planning was during the Cold War.

Free trade with China means allowing its distortions into our market. Refusing to allow our government to “pick winners” by rejecting industrial-policy support to key sectors means that Beijing will pick winners for us. Depending on Ricardian comparative advantage to organize supply chains means, in effect, that we will watch helplessly as American innovations are transformed into growth-boosting industries elsewhere, as firms reap efficiency gains by locating their engineering and management operations next to their manufacturing. Inevitably, the innovation will depart too. A recent survey of 369 manufacturers found that American firms are moving their R&D operations to China not just to take advantage of lower costs, but to be in close proximity to their supply chains.

Some 50 percent of foreign R&D centers in China are now run by American companies, helping China achieve first place in market share for manufacturing R&D. If we remain neutral as to where supply chains are located, “we innovate, they build” will become “they innovate, they build.” China’s rise may be inevitable. But given the danger represented by that rise, America can choose to minimize its risk. It can reduce opportunities for China to erode the long-term competitive advantage of American firms through forced technology transfer and R&D migration, and reduce our dependence on Chinese manufacturing for crucial industrial and military supply chains. In a word: decoupling.

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China’s problem is the dollar. It’s not dependent on the US for its GDP, but that is a problem in itself. If exports to the US were larger, it would receive more dollars.

China’s Growth Is Slowing, but not Because of the Trade War (PIIE)

First, as is well known, US taxpayers, not Chinese consumers and companies, are bearing the burden of Trump’s tariffs. The president acknowledged as much when he postponed new tariffs on goods (such as toys and consumer electronics) likely to be purchased during the US holiday shopping season. US tariffs on imports from China will likely subtract about half a percentage point from US GDP growth in 2019.

But second, China’s growth began to slow long before the trade war started (see figure). The pace of growth has moderated from the double-digit pace of 2010 to only 6.2 percent in the most recent quarter. As for the assertion that the trade war has accelerated China’s economic decline, the facts show the opposite. As shown in the figure, the pace of the slowdown has moderated since the initial imposition of tariffs by the United States in July 2018. Most of the slowdown is the result of President Xi Jinping’s ill-advised policy choice of allocating credit and other resources to less efficient state firms rather than private firms. Moreover, since 2017, China has reduced the growth of credit overall in order to reduce financial risk at a time of growing corporate indebtedness, a trend that also contributes to slowing growth throughout the economy.

Third, properly measured, China’s dependence on exports to the United States is not as large as some, including President Trump, may think. China’s exports to the United States before tariffs were imposed ran at $500 billion annually, or 4 percent of its $12.25 trillion GDP, which in theory is a significant number. In fact, the percentage is far less. The potential impact of US tariffs on China’s growth needs to be adjusted to measure only value added by China. GDP is measured in value-added terms; US imports from China are measured in gross sales. The value-added share in US imports from China is about one-half, so the direct contribution to China’s GDP from its sales to the United States is approximately $250 billion or only 2 percent of China’s GDP.

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Brandon Smith doesn’t appear to fully agree with PIIE.

The Ugly Truth About The Trade War (Alt-M)

The US only comprises around 18% of Chinese exports. While this is a nice piece of the pie, it’s hardly enough leverage to bring down China’s economy. China would suffer profit losses in certain sectors as well as a recession, but not the kind of crisis that some in the alternative media are predicting. Around 40% of China’s GDP is generated domestically, and 80% of its GDP growth comes from private consumption. For quite some time I have warned that China was shifting its economic model from an export based system to a more self reliant domestic based system, and that this might be an indication of a coming economic war with the US. As it turns out, this is exactly what has happened. Since 2010, China’s domestic market has grown dramatically, indicating that China has no intention of relying on the US consumer as an economic pillar.

The US consumer is almost tapped out. While retail sales in certain areas remain steady and this has been used by the mainstream media and the Fed to promote the idea that the economy is still “going strong”, this is not the big picture. The reality is that US consumption is driven by historic levels of debt. Household debt is now FAR above levels last seen after the last financial crisis, with total debt at $1.2 trillion higher today than its last peak in 2008. The downturn in retail is more obvious in the steady closings of thousands of outlets in 2019 alone. This year has seen a 29% increase in store closings compared to 2018, even though 2018 saw a considerable spike in store shutdowns. Around 12,000 stores are slated to close this year.

So the question is, with the US consumer stretched thin by debt and US retail on the verge of a recessionary plunge, why would China feel threatened by the loss of the American consumer market? They are losing it already by attrition. The truth is they aren’t threatened, which is why, as I predicted last year, the trade war continues unabated despite the fact that so many people argued that China would “quickly fold” to Trump’s demands. I realize this is not what many people want to hear, but it is foolish to get caught up in a farcical mob mentality and ignore the fundamentals in the trade war. If you think that the US is going to “win” based on leverage, you are sorely mistaken. The US is in no better shape economically than China; in many ways we are much worse off.

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Close down the place before it can do even more harm.

Fed QE Unwind Continues Via Sharp Drop In MBS (WS)

In August, the Fed shed Mortgage Backed Securities (MBS) at a rate that exceeded its self-imposed “cap” of $20 billion for the fourth month in a row, but added some Treasury securities, with a new emphasis on short-term Treasury bills. Total assets on the Fed’s balance sheet fell by $20 billion, to $3.76 trillion, as of the balance sheet for the week ended September 4, released this afternoon. This brought the balance sheet to the lowest level since September 2013. So far this year, the Fed has shed $314 billion in assets. Since the beginning of the “balance sheet normalization” process, the Fed has shed $700 billion. Since peak-QE in January 2015, it has shed $738 billion:

During the month of August, $70 billion in Treasury securities in the Fed’s portfolio matured and were redeemed by the US Treasury Department. The Fed replaced all those with new Treasury securities. This replacement would have kept its holdings level. Per its new plan to replace its MBS securities with Treasury securities – more on that in a moment – it added about $15 billion in Treasury securities, bringing the total to $2.095 trillion. This was the first monthly increase since the end of 2017, bringing its Treasury holdings back to the level of last July, and just above the September 2013 level:

As part of its new regime to shorten the overall maturity of its holdings, the Fed’s holdings now include $3 billion in Treasury bills (maturing in one year or less), up from zero a few months ago. After “Operation Twist,” which was layered between QE-2 and “QE Infinity,” the Fed had not held any Treasury bills. About four months ago, it started dabbling in them again, but in August it got serious. These T-bills replaced some of the MBS that ran off its balance sheet.

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Trump giveth and the Fed taketh away. End the Fed AND Fannie and Freddie.

Trump Administration Backs Privatizing Fannie Mae And Freddie Mac (MW)

The Trump administration said it would support returning mortgage-finance giants Fannie Mae and Freddie Mac to private hands, a development that could keep the companies at the center of the housing market for decades to come. The principles announced Thursday represent a major reversal from what leaders of both parties over the past decade promised — to abolish the companies, which guarantee roughly half the U.S. mortgage market. The approach, which doesn’t require approval by Congress, would mark an important win for investors who have been betting politicians wouldn’t follow through on those promises. Treasury officials said they would aim to privatize the government-controlled firms without making it tougher and more expensive for people to get mortgages.


They generally avoided making specific policy recommendations on how to accomplish these goals in a report released Thursday. They said they would work with federal regulators to flesh out the details on how to put Fannie and Freddie on a sounder financial footing as well as to curtail the firms’ roles in housing finance. The process could take years to implement and won’t affect existing mortgages. “Our view is that the government footprint has become too big,” Treasury Secretary Steven Mnuchin said in an interview ahead of Thursday’s report. ”There are people in Washington who are happy to leave this the way it is for another 10 or 20 years, and that’s not us. We feel an obligation to try to fix this.”

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“The direction of European history would seem to have changed – shifting away from convergence and back to delineation.”

Is Armed Conflict Possible in Today’s Europe? (Spiegel)

“The war changed everything.” This statement by the late British historian Tony Judt contains the kernel of modern-day Europe. It was the war that made possible an extended period of peace. Things had to get extremely bad before they could get good again. For the last 75 years, there has been peace on the Continent, with just a few exceptions. Now, this Europe finds itself in crisis. It is no longer the Europe where national thinking is slowly dwindling. It is no longer the Europe that is growing together step by step. It is no longer the Europe in which all countries seem to be committed to democracy forever. The direction of European history would seem to have changed – shifting away from convergence and back to delineation.


What does that mean for the most important of all questions, the question of war or peace? At the moment, it doesn’t look at all as though the long period of peace is going to come to an end. There is no reason for alarm. But if the direction of European history is changing, we should take a close look at what that could mean. Not in the immediate future, but in the long term. History is a snail that persistently crawls along its path. Exactly 80 years ago, the war that changed everything began — on Sept. 1, 1939, with Adolf Hitler’s Germany invading neighboring Poland. Almost six years later, more than 60 million people around the world were dead as a result of the violence, huge portions of the Continent were destroyed, millions of Europeans had been forced from their homes and millions more were plunged into poverty. A state of shock reigned.

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When will he quit?

Boris Johnson: I’d Rather Be Dead In a Ditch Than Delay Brexit (BBC)

Boris Johnson has said he would “rather be dead in a ditch” than ask the EU to delay Brexit beyond 31 October. But the PM declined to say if he would resign if a postponement – which he has repeatedly ruled out – had to happen. Mr Johnson has said he would be prepared to leave the EU without a deal, but Labour says stopping a no-deal Brexit is its priority. The prime minister’s younger brother, Jo Johnson, announced earlier that he was standing down as a minister and MP. Speaking in West Yorkshire, Boris Johnson said Jo Johnson, who backed Remain in the 2016 referendum, was a “fantastic guy” but they had had “differences” over the EU.

Announcing his resignation earlier in the day, the MP for Orpington, south-east London, said he had been “torn between family loyalty and the national interest”. During his speech at a police training centre in Wakefield, the prime minister reiterated his call for an election, which he wants to take place on 15 October. He argued it was “the only way to get this thing [Brexit] moving”. “We either go forward with our plan to get a deal, take the country out on 31 October which we can or else somebody else should be allowed to see if they can keep us in beyond 31 October,” Mr Johnson said.

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Mutti? You here?

Hong Kong Braces For More Protests As Merkel Calls For Peaceful Solution (R.)

Hong Kong is bracing for more demonstrations this weekend, with protesters threatening to disrupt transport links to the airport, after embattled leader Carrie Lam’s withdrawal of a controversial extradition bill failed to appease some activists. Germany’s Chancellor Angela Merkel raised Hong Kong with Chinese premier Li Keqiang in Beijing on Friday, saying a peaceful solution is needed. “I stressed that the rights and freedoms for (Hong Kong) citizens have to be granted,” said Merkel. “In the current situation violence must be prevented. Only dialogue helps. There are signs that Hong Kong’s chief executive will invite such a dialogue. I hope that materializes and that demonstrators have the chance to participate within the frame of citizens’ rights,” she said during a visit to Beijing.


Li told a news conference with Merkel: “The Chinese government unswervingly safeguards ‘one country, two systems’ and ‘Hong Kong people govern Hong Kong people’”. He said Beijing supported the Hong Kong government “to end the violence and chaos in accordance with the law, to return to order, which is to safeguard Hong Kong’s long-term prosperity and stability”. Protesters plan to block traffic to the city’s international airport on Saturday, a week after thousands of demonstrators disrupted transport links, sparking some of the worst violence since the unrest escalated three months ago. Many protesters have pledged to fight on despite a withdrawal of the extradition bill, saying the concession is too little, too late.

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The Pentagon will protect you from “large-scale, automated disinformation attacks” by publishing “large-scale, automated disinformation attacks..”

The Pentagon Wants More Control Over the News. What Could Go Wrong? (Taibbi)

If there’s a worse idea than the Pentagon becoming Editor-in-Chief of America, I can’t remember it. But we’re getting there: From Bloomberg over Labor Day weekend: “Fake news and social media posts are such a threat to U.S. security that the Defense Department is launching a project to repel “large-scale, automated disinformation attacks,” as the top Republican in Congress blocks efforts to protect the integrity of elections.” One of the Pentagon’s most secretive agencies, the Defense Advanced Research Projects Agency (DARPA), is developing “custom software that can unearth fakes hidden among more than 500,000 stories, photos, video and audio clips.”

Once upon a time, when progressives still reflexively distrusted the military, DARPA was a liberal punchline, known for helping invent the Internet but also for developing lunatic privacy-invading projects like LifeLog, a program to “gather in a single place just about everything an individual says, sees, or does.” DARPA now is developing a semantic analysis program called “SemaFor” and an image analysis program called “MediFor,” ostensibly designed to prevent the use of fake images or text. The idea would be to develop these technologies to help private Internet providers sift through content. It’s the latest in a string of stories about new methods of control over information flow that should, but for some reason do not, horrify every working journalist.

From the Senate dragging Internet providers to the Hill to demand strategies against the sowing of “discord,” to tales of hundreds of Facebook sites zapped for “coordinated inauthentic behavior” following advice by government-connected groups like the Atlantic Council, it’s been clear the future of the information landscape is going to involve elaborate new forms of algorithmic regulation. Stories about the need for such technologies are always couched as responses to the “fake news” problem. Unfortunately, “fake news” is a poorly-defined, amorphous concept that the public has been trained to fear without really understanding.

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Why wait 4 years?

Germany Announces Plan to Ban Glyphosate (CD)

The German government announced Wednesday it had agreed on a plan to phase out the use of glyphosate—the key chemical in the weedkiller Roundup—with a total ban set to begin by the end of 2023. “Way to go, Germany!” tweeted the U.S.-based advocacy group Organic Consumers Association. Chancellor Angela Merkel’s cabinet agreed to the plan Wednesday. The proposal, reported Bloomberg, also says that the “government intends to oppose any request for the E.U. to renew the license to produce the weedkiller, according to a release by the environment ministry.” The European Commission, the E.U.’s rules and regulations body, in 2017 renewed the license for glyphosate in the bloc through the end of 2022.


Germany’s environment Minister, Svenja Schulze, framed the new move as necessary to protect biodiversity, and said that “a world without insects is not worth living in”. “What harms insects also harms people,” Schulze said at a press conference. “What we need is more humming and buzzing.” Glyphosate is no longer exclusive to Monsanto’s Roundup, as it “is now off-patent and marketed worldwide by dozens of other chemical groups including Dow Agrosciences and Germany’s BASF,” as Reuters noted. That’s despite the World Health Organization’s International Agency for Research on Cancer’s 2015 designation of glyphosate as a “probable carcinogen,” increasing concerns over its health effects, and mounting legal woes for Bayer, which acquired Monsanto last year, as multiple juries have found Roundup to have been a factor in plaintiffs’ cancers.

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Stop calling them conservatives.

Targeting the Tongass National Forest for Amazon-like Destruction (CP)

Alaskan politicians, the governor, Mike Dunleavy, and the two senators, Lisa Murkowski and Dan Sullivan, all Republican, convinced Trump to dismantle federal protections of the Tongass National Forest. The Trump administration ordered the Forest Service to approve this process of destruction. In March 16, 2019, the Forest Service designed a 15-year logging project in the Prince of Wales Island that included the opening of 164 miles of new roads in 67 square miles of land and the clearcutting of up to 23,000 acres of old-growth trees – trees several centuries old.

Environmental organizations like Earthjustice, Sierra Club, Alaska Wilderness League, Southeast Alaska Conservation Council, Alaska Rainforest Defenders, National Audubon Society, Natural Defense Council, Defenders of Wildlife, and the Center for Biological Diversity sued the Forest Service and the US Department of Agriculture for violating the National Environmental Policy Act and other environmental laws. They pointed out that such massive timber sale from the projected clearcutting of old growth trees was “wasteful, destructive, and a giveaway” to a timber industry contributing less than 1 percent to the economy of Alaska.

In addition, clearcutting 23,000 acres of ancient trees would harm the Alexander Archipelago wolf, flying squirrels, and birds like Goshawk. Why this violent attack on a forest these environmental organizations call the crown jewel of America? The Alaskan politicians, like Bolsonaro of Brazil, have a distorted and selfish vision: satisfy the landowners in Brazil and the timber barons in Alaska. Do these politicians, including Trump, ever think about the real bad effects, ecological and social, of their actions? They must have heard of the inferno in the Brazilian Amazon and its potentially horrific consequences on the planet. They cannot really assume or believe that adding quite a bit more carbon to the atmosphere from logging Tongass would be a good thing for America or the world? Or could they?

The only reasonable explanation of the murky world of Trump and the Republican politicians (of Alaska and the rest of the country) is that they reject science. Certainly, the Evangelicals do. These Christian Republicans support Trump. They make no secret they expect Jesus to rise up, thus signaling the end of life on Earth. This delusion gets scary as high officials of the Trump administration are its fervent believers.

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Long-time Assange confidant Stefania Maurizi talks to Roger Waters.

They Want Him Dead As A Warning (Maurizi)

He is one of the legends of rock famous for his progressive battles. At seventy-six, the Pink Floyd co-founder, Roger Waters, has not given up at all and does not hesitate to call his country, Great Britain, “disgusting” for its treatment of Julian Assange. Last Monday, Waters sang his great classic, “Wish You Were Here” in front of the UK Home Office in London in support of Assange, while the Australian journalist, John Pilger, explained the serious risk the WikiLeaks founder runs of being extradited to the US, and Assange’s brother, Gabriel, described an emotional meeting with Julian Assange. Roger Waters is currently in Venice to present his film “US + Them”. Repubblica interviewed him.


What made you go very public about Julian Assange’s situation? “Clearly, there has been a really powerful and international smear campaign, really since the Collateral Murder video. I have been watching it developing. Assange is the pet hate of Western governments, particularly the government of the United States, because he published evidence that shows the United States to have committed heinous war crimes, crimes against humanity in a big way. This smear campaign against him is all about getting him extradited to the US. They want him dead as a warning: they want to persuade any young person who might be thinking about the work of Julian Assange, or any whistleblower or any investigative journalist, that to pursue the path of truth-telling is extremely bad for your health. The message is: if you tell the truth, we will kill you, watch! The same with Chelsea Manning”.

Read more …

 

Withdrawing the extradition bill is no longer enough:

 

 

 

 

 

Jul 032019
 


Happy birthday Julian

 

 

Response to Open Letter of 1 July 2019 (Nils Melzer)
France And Germany Eye Lagarde For ECB and Von Der Leyen For EC President (R.)
The Inconvenient Truth About Ursula Von Der Leyen (Pol.eu)
Trump To Nominate Judy Shelton, Christopher Waller To The Fed (CNBC)
The Death of the Liberal Idea (Dmitry Orlov)
Stagecraft (Kunstler)
Families Of 737 MAX Crash Victims Say Boeing Has Not Contacted Them (BI)
Chinese Border Guards Put Secret Surveillance App On Tourists’ Phones
Italian Judge Rules Sea Watch Captain Carried Out Duty To Protect Lives (EN)
Austria Becomes First EU Country To Ban Glyphosate (RT)
Cockroach ‘Superbugs’ Evolve To Resist Pesticides In One Generation (RT)
Deep-Sea Mining To Turn Oceans Into ‘New Industrial Frontier’ (G.)
The Seabed Should Be Off-Limits To Mining Companies (Chris Packham)

 

 

Julian first on his birthday. Here’s Nils Melzer’s response to the 200+ academics who didn’t like how he described the -empty- rape allegations against Assange. These are the last few paragraphs. A man of great integrity.

Response to Open Letter of 1 July 2019 (Nils Melzer)

Beyond questions of law, you also take issue with my tone, which you deem to be “insensitive to victims”. Please let me assure you that, in two decades of work with victims of war and violence, sometimes under very difficult and dangerous circumstances, I have seen and suffered too much myself to be intellectually or emotionally capable of “mocking” potential victims. The countless testimonies I have collected in prisons, camps and villages throughout the world have marked me deeply, and some of them keep haunting me to this day. Whatever misunderstandings may have resulted from my article, they certainly do not warrant accusing me of “insensitivity to victims” or even a “profound lack of understanding that does a disservice to the mandate”.

Though the tone of my critique may be harsh, it does not aim at the women, but at the gross arbitrariness of the “rape” narrative, which has been wrongly imposed by zealous officials not only on Assange, but also on the two concerned women themselves, and on the general public. The State not only ignored the women’s own experience and interpretation of events, but also consistently declined to take the necessary measures which would have allowed advancing this matter beyond the stage of preliminary investigation, where it has been so conveniently left to simmer for almost a decade. As is well documented, both the two women and Assange fully cooperated with the police and the prosecution from the outset, he was questioned both in Sweden (2010) and in London (2016), and the only reason he refused to be extradited to Sweden was that Sweden declined to guarantee against further extradition to the United States, where I am convinced he would be exposed to serious violations of his human rights.


More generally, I fully share your concerns that sexual allegations against powerful men are often dismissed as attention-seeking or part of a conspiracy to bring them down. I would point out, however, that Assange is not a powerful man shielded by impunity, but an isolated and frail political prisoner persecuted for exposing war crimes and corruption. So, while we all work to safeguard the rights of victims of sexual abuse, let us not blindly dismiss well-founded doubts as to the veracity and / or appropriateness of rape allegations, where there are indications of duress or documented third party interests influencing the process. This holds particularly true in a highly politicized case which, in all involved jurisdictions, is plagued with a pervasive mix of grave and persistent due process violations, concerted public mobbing, humiliation and intimidation, and counterfactual accusations of hacking, spying and even causing death and injury.

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Right. The EU nominates two women. One is accused of gross incompetence, the other was convicted of negligence in a case of misuse of public funds, but never sentenced, no criminal record. Highly doubtful she would be seen as “fit and proper” for a commercal bank job. The entire nomination process reminds us about Groucho Marx’ famous line “Those are my principles; if you don’t like them, I have others”. So we get: “Who needs a Spitzenkandidat when you can have a Homecoming Queen?”

France And Germany Eye Lagarde For ECB and Von Der Leyen For EC President (R.)

German defense minister Ursula von der Leyen may end up as European Commission President while IMF head Christine Lagarde may become new president of the European Central Bank following an agreement between France and Germany, said sources. One diplomatic source with knowledge of the matter said French President Emmanuel Macron had proposed to his German counterpart Angela Merkel that Lagarde should get the top ECB job. The source added that Merkel was “very positive” on the idea of Lagarde heading the ECB.

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“Von der Leyen is our weakest minister. That’s apparently enough to become Commission president..”

“..accusations that von der Leyen’s office circumvented public procurement rules in granting contracts worth millions of euros..”

The Inconvenient Truth About Ursula Von Der Leyen (Pol.eu)

A polyglot Brussels native who reared seven children and earned a medical degree on the side before storming to the top of German politics. News that this Wunderfrau — aka German Defense Minister Ursula von der Leyen — could become the Commission’s next president left European capitals abuzz on Tuesday. “Finally some good news” was the general tenor. Who needs a Spitzenkandidat when you can have a Homecoming Queen? At first glance, the affable 60-year-old minister with a camera-ready smile looks to be a perfect fit, with the requisite experience, political pedigree and personality to handle the EU’s toughest job. And yet a nagging question remains: Is she too good to be true?

In the German capital, the answer is clear. “Von der Leyen is our weakest minister. That’s apparently enough to become Commission president,” former European Parliament President Martin Schulz seethed in a tweet Tuesday evening. Though Schulz is a Social Democrat, his analysis of the minister’s record is shared by many of von der Leyen’s fellow Christian Democrats, though most are reluctant to criticize her publicly. Instead, they point to the state of the German military. “The Bundeswehr’s condition is catastrophic,” Rupert Scholz, who served as defense minister under Helmut Kohl, wrote last week before von der Leyen was nominated to the EU’s top post. “The entire defense capability of the Federal Republic is suffering, which is totally irresponsible.”


[..] In addition to problems surrounding the German military’s readiness, von der Leyen’s ministry also faces an investigation into suspected wrongdoing surrounding its use of outside consultants, including Accenture and McKinsey. The Bundestag, the German parliament, is currently holding hearings into the affair, including accusations that von der Leyen’s office circumvented public procurement rules in granting contracts worth millions of euros to the firms. Those hearings have taken a dramatic turn in recent days as testimony from key witnesses appeared to confirm suspicions of systematic corruption at the ministry.

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On our way to zero percent interest rates. Damn savings and pensions.

Trump To Nominate Judy Shelton, Christopher Waller To The Fed (CNBC)

President Donald Trump intends to nominate Christopher Waller, executive vice president at the Federal Reserve Bank of St. Louis, and Judy Shelton, an economic adviser to the president during his 2016 campaign, to the Federal Reserve’s board. The announcements, in a pair of tweets late Tuesday, come after Trump’s earlier nominees, Stephen Moore and Herman Cain, both withdrew from consideration. Moore, a conservative pundit, dropped out of consideration in May, citing public scrutiny of his professional and personal lives. Cain, the businessman and former GOP presidential candidate, dropped out of contention for the Fed in late April. Shelton was earlier speculated to be a pick for the Federal Reserve board.


Shelton has previously said that if appointed, she would lower interest rates to 0% in one to two years, echoing calls from Trump to lower rates. Waller has worked at the Federal Reserve Bank of St. Louis since 2009, and previously was a chair of economics at the University of Notre Dame and a chair in macroeconomics and monetary theory at the University of Kentucky. He has written about the dangers of an inverted yield curve, in which short-term Treasury yields outpace long-term yields. The 3-month bond yield topped 10-year yields in May, the widest yield curve inversion since the financial crisis. Some economists and investors believe the curve sends a warning about economic growth. Both nominees will need Senate confirmation.

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Interpreting Putin’s words.

The Death of the Liberal Idea (Dmitry Orlov)

The migrant crisis is a perfect example of how liberalism has outlived its usefulness. Liberalism offers two ways forward, both of which are fatal to it. One approach is distinctly illiberal: halt the influx of migrants by any means necessary; insist that the migrants already in the country either conform to a strict set of requirements, including demonstrated competency in the nation’s language, detailed knowledge of its laws and administrative systems, strict obedience to its laws and demonstrated preference and respect for the customs and culture of the native population—or be not so much deported as expelled. The other approach is liberal at first: allow the influx to continue, do not hinder the formation of foreign ghettos and enclaves which native citizens and officials dare not enter, and eventually surrender to Sharia law or other forms of foreign dictate—guaranteeing the eventual death of the liberal idea along with much of the native population.

Thus, the choice is between killing the liberal idea but saving the native population or letting the liberal idea die willy-nilly, taking the native population along with it. It offers no solution at all. “We all live in a world based on traditional Biblical values,” quoth Putin. “We don’t have to demonstrate them every day… but must have them in our hearts and our souls. In this way, traditional values are more stable and more important to millions of people than this liberal idea which, in my view, is ceasing to exist.” This is true not just of the believers—be they Christian, Moslem or Jewish—but of the atheists as well. To put it in terms that may shock and astound some of you, you don’t have to believe in God (although it helps if you do—to avoid cognitive dissonance) but if you aspire to any sort of social adequacy in a traditional society you have no choice but to sincerely think and act as if God exists, and that He is the God of the Bible—be He Yahweh, Elohim, Jesus and the Holy Trinity or Allah (that’s the Arabic word for “God”).


Putin capped off his argument by ever so gently and politely putting the boot in. He said that he has no clue about any of this “transformer-trans… whatever” stuff. How many genders are there? He has lost count. Not that he is against letting consenting adult members of various minority sexual groups do whatever they want among themselves—“Let everyone be happy!”—but they have no right to dictate to the rest. Specifically, Russian law makes homosexual propaganda among those who are under age illegal. Hollywood’s pro-LGBT mavens must be displeased: their choice is either to redact LGBT propaganda from the script, or to redact it from the finished film prior to its release in Russia (and China).

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Fun with Bob.

Stagecraft (Kunstler)

I can think of a few 90-mph sliders I’d like to pitch to Mr. Mueller, some of them already floated in the press: like, why did you allow the GI cell phones of Peter Strzok and Lisa Page to be destroyed shortly after you were informed about their unprofessional and compromising text exchanges, for which they were fired off your “team?” When did you learn that international men-of-mystery Stefan Halper and Josef Mifsud, whose operations spurred your prosecutions, were not Russian agents but rather in the employ of US and British government intel agencies? Your deputy, Andrew Weissmann, was informed by Deputy Attorney General Bruce Ohr in the summer of 2016, months before your appointment, that the predicating documents for your inquiry, known as the Steele Dossier, amounted to a Clinton campaign oppo research digest — when did he happen to tell you that?

You devoted nearly 20 pages of your report to the Trump Tower meeting between the president’s son, Donald, Jr., and two Russians, lawyer Natalia Veselnitskaya and lobbyist Rinat Akhmetshin. Why did you omit to mention that both Russians were in the employ of Glenn Simpson’s Fusion GPS company, candidate Clinton’s oppo research contractor, and met with Mr. Simpson both before and after the Trump Tower meeting? How did it happen that you hired attorney Jeannie Rhee for your team, knowing that she had previously worked as a lawyer for the Clinton Foundation? Under what legal standard did you pronounce Mr. Trump to be “not exonerated” in the obstruction of justice matter, considering you told the Attorney General, Mr. Barr, that it was not based on findings by the DOJ Office of Legal Counsel concerning presidential immunity from indictment?


[..] It’s just possible that Robert Mueller will not be reading chapter and verse from his sacred report, like an old-school Episcopal priest, but rather pleading the Fifth Amendment to avert his own potential prosecution.

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Lawyers tell them not to, in case they’d say something stupid. But bordering on criminal behavior.

Families Of 737 MAX Crash Victims Say Boeing Has Not Contacted Them (BI)

Families of those killed in two fatal crashes involving Boeing 737 Max planes say they have not received any contact from Boeing since the disasters, with no apology or offer of support from the manufacturer. The parents of a woman killed on one of the flights told Business Insider they had received “no condolences” and “no direct communication” from Boeing despite numerous public apologies by the plane maker and said Boeing CEO Dennis Muilenburg “talks to other people but not us, the victims’ families.” Nadia Milleron and Michael Stumo lost their 24-year-old daughter, Samya Stumo, when the Boeing 737 Max 8 jet operated by Ethiopian Airlines crashed in March, killing all 157 people on board.

It was the second crash of a 737 Max plane in five months after a Max 8 operated by the Indonesian carrier Lion Air crashed in the Java Sea in October, killing all 189 people on board. Investigations into both crashes have centered on a software issue that Boeing has since been working to fix, with all its Max aircraft grounded around the world in the meantime. Other attorneys representing more than 50 families of those killed in the crashes told Business Insider their clients’ experience was the same. The Chicago-based aviation attorney Joe Power, the Los-Angeles based attorney Brian Kabateck, and the Miami-based attorney Steve Marks said Boeing had not reached out to their clients.


Marks said that this response was not “unusual” from manufacturers after a crash, but he described Boeing’s reaction as “worse” than a typical response. He said Boeing “came out really quickly after the second tragedy, and said: ‘We own it, it’s our problem.'” But then, he said, the company “has since backed those comments off, in many different ways, which I think has only inflamed the situation, as far as the families are concerned.” Mike Danko, an aviation attorney who is not representing any families in the 737 Max crashes, told Business Insider that Boeing’s action in this case were “not unusual” and that manufacturers typically did not apologize or offer support after fatal plane crashes, but he noted its public apologies.

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Not surprising.

Chinese Border Guards Put Secret Surveillance App On Tourists’ Phones

Chinese border police are secretly installing surveillance apps on the phones of visitors and downloading personal information as part of the government’s intensive scrutiny of the remote Xinjiang region, the Guardian can reveal. The Chinese government has curbed freedoms in the province for the local Muslim population, installing facial recognition cameras on streets and in mosques and reportedly forcing residents to download software that searches their phones. An investigation by the Guardian and international partners has found that travellers are being targeted when they attempt to enter the region from neighbouring Kyrgyzstan.


Border guards are taking their phones and secretly installing an app that extracts emails, texts and contacts, as well as information about the handset itself. Tourists say they have not been warned by authorities in advance or told about what the software is looking for, or that their information is being taken.

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Maritime law. Don’t play with it.

Italian Judge Rules Sea Watch Captain Carried Out Duty To Protect Lives (EN)

An Italian judge ruled on Tuesday that the German captain of a rescue charity ship had not broken the law when she forced a naval blockade at the weekend, saying she had been carrying out her duty to protect human life. Carola Rackete, a 31-year-old German national, disobeyed Italian military orders and entered the port of Lampedusa on Saturday to bring some 41 African migrants to land in the Dutch-flagged Sea-Watch boat. She was immediately detained and placed under house arrest, but in a blow for Italy’s hardline interior minister, Matteo Salvini, Judge Alessandra Vella ruled that Rackete had been carrying out her duty and had not committed any act of violence.


Rackete still faces possible charges of helping illegal immigration, but Vella ordered her immediate release. Salvini said in a statement he had hoped for a tougher response from the Italian justice system and promised to expel Rackete as soon as possible. Rackete appeared before the Agrigento court on Monday and apologised for hitting the patrol boat, saying it had been an accident and explaining that her sole concern was the well-being of the migrants who had been at sea for more than two weeks.

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Question is: can they, or does EU law prevail?

Austria Becomes First EU Country To Ban Glyphosate (RT)

Austria has voted to ban glyphosate, the main ingredient in Bayer-Monsanto’s notorious Roundup weedkiller, becoming the first EU country to outlaw the chemical and creating a PR disaster for the troubled German company. “The scientific evidence of the plant poison’s carcinogenic effect is increasing. It is our responsibility to ban this poison from our environment,” Social Democratic Party leader Pamela Rendi-Wagner said in a statement on Tuesday. The resolution passed with the cooperation of her party, the right-wing Freedom Party and the liberal Neos Party, and remains only to be signed by President Alexander van der Bellen, a former Green Party leader, unless the upper house of Parliament objects.

“We want to be a role model for other countries in the EU and the world,” said Erwin Preiner, another Social Democrat MP who worked on the ban. Austria has embraced organic farming more than any other European country – nearly a quarter of its farmland is organic – and is thus not a major market for glyphosate-based herbicides, using only a few hundred tons per year. While a ban will have minimal direct impact on Bayer’s sales, the optics of the German company’s next-door neighbor nation exiling its flagship herbicide are likely to cause a few headaches at Bayer HQ.


Austria’s ministry for sustainability and tourism claims a total ban on glyphosate violates EU law, as the chemical is cleared for sale and use across the EU until 2022, but the bill’s backers have pointed to other examples of individual countries banning specific chemicals as proof of their right to legislate against the herbicide. France banned Roundup Pro 360, one type of Monsanto’s popular glyphosate weedkiller, earlier this year, and President Emmanuel Macron has pledged to phase out the use of glyphosate entirely within three years. “National bans on glyphosate-based plant protection products or restrictions on their use would be possible,” the European Commission declared in 2016, confirming that “the EU states do not have to hide behind the European Commission” in deciding whether or not to ban a particular formulation of an herbicide.

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“..cockroaches who survived treatment with one insecticide developed immunity not just to that chemical, but to other chemicals they hadn’t even been exposed to – increasing their resistance “four- to six-fold in just one generation..”

Cockroach ‘Superbugs’ Evolve To Resist Pesticides In One Generation (RT)

Cockroaches will soon be impossible to kill with standard pesticides, as they can develop cross-resistance to poisons they’ve never encountered within a single generation, an ominous new study has found.
German cockroaches – the small, quick-scurrying type whose traces can be found in 85 percent of US urban homes – are rapidly becoming impervious to pesticide chemicals, developing cross-resistance to a variety of insecticides within a single generation, a study published in Scientific Reports has demonstrated. And even the researchers who conducted the experiment are creeped out by the evolutionary capabilities of the ubiquitous six-legged pests. “We didn’t have a clue that something like that could happen this fast,” Michael Scharf, chair of the Entomology Department at Purdue University and co-author of the study, said in a statement last week.


“Cockroaches developing resistance to multiple classes of insecticides at once will make controlling these pests almost impossible with chemicals alone.” One experiment in which 10 percent of cockroaches started off resistant to a particular pesticide actually saw populations grow over the six months during which the researchers sprayed, a disconcerting result in itself. But it was the multi-chemical experimental groups that really caused a stir – cockroaches who survived treatment with one insecticide developed immunity not just to that chemical, but to other chemicals they hadn’t even been exposed to – increasing their resistance “four- to six-fold in just one generation,” Scharf marveled.

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N’importe quoi: “The industry has said deep-sea mining is essential to extract the materials needed for a transition to a green economy..”

Deep-Sea Mining To Turn Oceans Into ‘New Industrial Frontier’ (G.)

The world’s oceans are facing a “new industrial frontier” from a fledgling deep-sea mining industry as companies line up to extract metals and minerals from some of the most important ecosystems on the planet, a report has found. The study by Greenpeace revealed that although no mining had started on the ocean floor, 29 exploration licences had been issued covering an area five times bigger than the UK. Environmentalists said the proposed mining would threaten not only crucial ecosystems but the global fight against climate breakdown.

Louisa Casson, an ocean campaigner at Greenpeace, said: “The health of our oceans is closely linked to our own survival. Unless we act now to protect them, deep-sea mining could have devastating consequences for marine life and humankind.” The licences, issued by a United Nations body, the International Seabed Authority, have been granted to a handful of countries that sponsor private companies. They cover vast areas of the Pacific, Atlantic and Indian Oceans, totalling 1.3m sq km (500,000 sq miles). If the mining goes ahead, large machines will be lowered on to the seabed to excavate cobalt and other rare metals.


Campaigners said that, as well as destroying little understood regions of the ocean floor, the operations would deepen the climate emergency by disrupting carbon stores in seafloor sediments, reducing the ocean’s ability to store it. The industry has said deep-sea mining is essential to extract the materials needed for a transition to a green economy by supplying raw materials for key technologies including batteries, computers and phones. Its advocates say deep-sea mining is less harmful to the environment and workers than most existing mineral and mining operations.

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“They want to send gigantic bulldozers, decked out with rotating grinders and mammoth drills straight out of Robot Wars, into the deepest parts of the ocean, disturbing the home of unique creatures and churning up vital stores of carbon. ”

The Seabed Should Be Off-Limits To Mining Companies (Chris Packham)

When I was filming Blue Planet Live, I was struck by just how much of the ocean has been altered by humans. From industrial fisheries ensnaring ocean giants in kilometres-long lines, to finding our trash at some of the deepest parts of the ocean: it’s clear that however vast the seas are, we are causing profound harm. Yet at this point in history, when the oceans are facing more pressures than ever before, a secretive new industry is seeking to move into the deep sea, the largest ecosystem on the planet, to start mining for metals and minerals.

They want to send gigantic bulldozers, decked out with rotating grinders and mammoth drills straight out of Robot Wars, into the deepest parts of the ocean, disturbing the home of unique creatures and churning up vital stores of carbon. This is quite clearly an awful idea. As someone fascinated by weird and wonderful wildlife, the deep sea is a dream come true. Stoplight loosejaws, bearded sea-devils and vampire squid are just a few of the fantastically named creatures that make the deep ocean their home. On practically every mission down to the deep, scientists discover new species.


We know more about the surface of Mars and the moon than about the bottom of the ocean. Mining the deep sea sounds just as ludicrous as mining the moon. Far too often, industry has plundered the natural world before science has explored and understood its importance. Parts of the deep sea have already been ravaged by destructive fisheries. These ecosystems stand practically no chance of recovery if mining is allowed to start. Researchers who returned 30 years later to one mining test site on the Pacific sea floor could still see the wounds on the seabed – and warned of irreversible loss of some ecosystem functions.


A deep-sea blackdevil. Photograph: Alamy Stock Photo

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May 262019
 


 

Pence To West Point Grads: You Will Fight On a Battlefield for America (Taer)
Global Elites Started The Russia Nonsense (Farnan)
Indictment of Julian Assange is a Clear and Present Danger to Journalism (EFF)
The US Media Is in the Crosshairs of the New Assange Indictment (Lawfare)
The World: What is Really Happening (Murray)
Europeans Vote, With EU Future In Balance (R.)
Who Gets To Choose The UK’s Next Prime Minister? (BBC)
Elon Musk Confronts The “Bear Case” (VF)
You Will Probably Never Want To Eat GMO Food Again (Snyder)
Glyphosate Exposure Linked to Fatty Liver Disease in Humans (BP)

 

 

He’s ordering the body bags as we speak. And you thought Trump was crazy.

Pence To West Point Grads: You Will Fight On a Battlefield for America (Taer)

Vice President Mike Pence told the graduating class of the West Point Military Academy on Saturday that the world is “a dangerous place” and they should expect to see combat. “Men and women of West Point, no matter where you’re deployed, you will be the vanguard of freedom, and you know that the “soldier does not bear the sword in vain.” The work you do has never been more important. America will always seek peace, but peace comes through strength. And you are now that strength. It is a virtual certainty that you will fight on a battlefield for America at some point in your life. You will lead soldiers in combat. It will happen.


Some of you will join the fight against radical Islamic terrorists in Afghanistan and Iraq. Some of you will join the fight on the Korean Peninsula and in the Indo-Pacific, where North Korea continues to threaten the peace, and an increasingly militarized China challenges our presence in the region. Some of you will join the fight in Europe, where an aggressive Russia seeks to redraw international boundaries by force. And some of you may even be called upon to serve in this hemisphere. And when that day comes, I know you will move to the sound of the guns and do your duty, and you will fight, and you will win. The American people expect nothing less.”

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We’re going to hear a lot about this.

Global Elites Started The Russia Nonsense (Farnan)

Attorney General William Barr has turned the attention of the Russia probe to its origin: who started this and why? The answer, as in all the best crime dramas, is probably hiding in plain sight. On July 13, 2016, British academic Dr. Andrew Foxall penned an op-ed in the New York Times, “Why Putin Loves Brexit.” He blamed Russia for the previous month’s Brexit vote, adding in a little noted aside: The United States is so concerned over Moscow’s determination to exploit European disunity that in January, James R. Clapper Jr., the director of national intelligence, began a review of Russia’s clandestine funding of European parties. Bingo! The Obama administration was spying on conservative European political parties.

Which means, almost necessarily under the Five Eyes Agreement, foreign agents were returning the favor and spying on the Trump campaign. On August 11, 2018, I wrote: The British aristocracy has a condescending view of the hoi polloi who voted for Brexit, regarding them as easily manipulated Pygmalion-like by smarter people. They assumed Vladimir Putin was somehow playing Professor Henry Higgins to the flower girls who voted to reject the EU, because that’s how they see the world. Among the Cambridge class, this simple prejudice renders Russian collusion a first principle with no need for supporting evidence…. Without supporting evidence to prove their fantastical worldview, the global elite set out to manufacture some.

First up was Christopher Steele, who hasn’t set foot in Russia since 2009. He wears as a badge the claim that Putin hates him which, if true, means he has no real Russian sources. Maybe because of that, Steele’s farcical dossier on Trump was not enough for the FBI to open an investigation, and these international men of mystery needed something more. They invited George Papadopoulos to London, used a Maltese asset disguised as a Russian agent – Joseph Mifsud – to feed him a whopper about Hillary Clinton’s emails, then claimed he repeated the lie to Andrew Downer, an Australian diplomat with ties to the Clinton Foundation. That was the final straw that caused lovestruck counterintelligence specialist Peter Strzok to open an FBI investigation into the Trump campaign ..

[..] the FBI delegated the inspection of the computer servers to CrowdStrike, an insider paid by the DNC. James Comey testified to the Senate Intelligence Committee in January 2017 that CrowdStrike was “a highly respected private company.” What he failed to mention was that a month before his testimony, CrowdStrike had been caught falsely blaming Russia for a hack into a Ukrainian artillery computer app. In other words, at the same time this “highly respected private company” was blaming the Russians for stealing the Clinton campaign’s emails, it was fabricating a different Russian hack to serve Ukrainian misinformation.

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“The press stands in place of the public in holding the government accountable..”

This is the essence. And it’s not what the press has been doing. Other than WikiLeaks, that is.

Indictment of Julian Assange is a Clear and Present Danger to Journalism (EFF)

The century-old tradition that the Espionage Act not be used against journalistic activities has now been broken. Seventeen new charges were filed yesterday against Wikileaks founder Julian Assange. These new charges make clear that he is being prosecuted for basic journalistic tasks, including being openly available to receive leaked information, expressing interest in publishing information regarding certain otherwise secret operations of government, and then disseminating newsworthy information to the public. The government has now dropped the charade that this prosecution is only about hacking or helping in hacking. Regardless of whether Assange himself is labeled a “journalist,” the indictment targets routine journalistic practices.

But the indictment is also a challenge to fundamental principles of freedom of speech. As the Supreme Court has explained, every person has the right to disseminate truthful information pertaining to matters of public interest, even if that information was obtained by someone else illegally. The indictment purports to evade this protection by repeatedly alleging that Assange simply “encouraged” his sources to provide information to him. This places a fundamental free speech right on uncertain and ambiguous footing. Make no mistake, this not just about Assange or Wikileaks—this is a threat to all journalism, and the public interest. The press stands in place of the public in holding the government accountable, and the Assange charges threaten that critical role.

The charges threaten reporters who communicate with and knowingly obtain information of public interest from sources and whistleblowers, or publish that information, by sending a clear signal that they can be charged with spying simply for doing their jobs.

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As if the US media doesn’t self-censor enough yet.

The US Media Is in the Crosshairs of the New Assange Indictment (Lawfare)

As Susan Hennessey said, “[I]t will be very difficult to craft an Espionage Act case against him that won’t adversely impact true journalists.” I don’t think this is an accident. I think the government’s indictment has the U.S. news media squarely in its sights. The first sentence of the indictment reads: “To obtain information to release on the WikiLeaks website, ASSANGE encouraged sources to (i) circumvent legal safeguards on information; (ii) provide that protected information to WikiLeaks for public dissemination; and (iii) continue the pattern of illegally procuring and providing protected information to WikiLeaks for distribution to the public.”

This is exactly what national security reporters and their news publications often ask government officials or contractors to do. Anytime a reporter asks to receive information knowing it is classified, that person encourages sources to circumvent legal safeguards on information. The news organizations’ encouragement is underscored by the mechanisms they provide for sources to convey information securely and anonymously. (The New York Times’s menu includes SecureDrop, an “encrypted submission system set up by The Times [that] uses the Tor anonymity software to protect [the] identity, location and the information” of the person who sends it.) Like WikiLeaks, these reporters and organizations encourage the sources to provide the “protected information” for public dissemination. And also like WikiLeaks, they often encourage the sources to engage in a “pattern of illegally procuring and providing protected information.”

There are other similarities. The government thought it significant that the WikiLeaks website states: “WikiLeaks accepts classified, censored, or otherwise restricted material of political, diplomatic, or ethical significance” (emphasis in indictment). This sounds very much like the public interest standard that U.S. editors use to decide when and how to publish classified information. Former Washington Post Executive Editor Leonard Downie once told me, “‘Highly classified’ doesn’t mean anything to me …. The question is, is it important for the American public to know that its government is acting in its name in this particular way?” Or as the Times’s former executive editor once said, “As journalists in a robust democracy, our responsibility is to publish information of interest to the public, and that includes publishing secrets when we find them.”

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“..the OPCW was manipulated by the NATO powers to produce a highly biased report that omits the findings of its own engineers.”

The World: What is Really Happening (Murray)

[..] the OPCW Fact Finding Mission reflected in their final report none of the findings of their own sub-group of university based engineers from two European universities, but instead produced something that is very close to the amateur propaganda “analysis” put out by Bellingcat. The implications of this fraud are mind-blowing. The genuine experts’ findings were completely suppressed until they were leaked last week. And still then, this leak – which has the most profound ramifications – has in itself been almost completely suppressed by the mainstream media, except for those marginalised outliers who still manage to get a platform, Robert Fisk and Peter Hitchens (a tiny platform in the case of Fisk).


Consider what this tells us. A fake chemical attack incident was used to justify military aggression against Syria by the USA, UK and France. The entire western mainstream media promoted the anti-Syrian and anti-Russian narrative to justify that attack. The supposedly neutral international watchdog, the OPCW, was manipulated by the NATO powers to produce a highly biased report that omits the findings of its own engineers. Which can only call into doubt the neutrality and reliability of the OPCW in its findings on the Skripals too. There has been virtually no media reporting of the scandalous cover-up. This really does tell you a very great deal more about how the Western world works than the vicissitudes of the ludicrously over-promoted Theresa May and her tears of self pity.

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Fragmentation is the key word. But the big power blocks will remain, courtesy of the EU structure. Salvini’s Lega may become the largest single party in Europe, but the real power lies in those blocks.

Europeans Vote, With EU Future In Balance (R.)

Europeans vote on Sunday in an election expected to further dent traditional pro-EU parties and bolster the nationalist fringe in the European Parliament, putting a potential brake on collective action in economic and foreign policy. Polls opened at 7 a.m. (0400 GMT) in the east of the bloc and will finally close at 11 p.m. (2100 GMT) in Italy. Seven states have already voted, with 21 joining in on Sunday in what is the world’s biggest democratic exercise after India. Right-wing populists top opinion polls in two of the big four member states – Italy and supposedly exiting Britain – and could also win in a third, France, rattling a pro-Union campaign championed by centrist President Emmanuel Macron.

However, exit polls in some countries that have already voted have given pro-EU parties some comfort. The Dutch Labour party, all but written off, looks to have finished first, helped by the visibility of having the EU socialists’ lead candidate, current EU deputy chief executive Frans Timmermans. In the Netherlands pro-Union parties scored 70%, up three points on the last European Parliament vote in 2014, and left the upstart anti-immigration party of Thierry Baudet fourth on 11%. The Dutch also turned out in bigger numbers, albeit at just 41%, reinforcing hopes in Brussels of reversing a 40-year trend of declining turnout that critics cite as a “democratic deficit” that undermines the legitimacy of European Union lawmaking.

An exit poll after Friday’s vote in deeply pro-EU Ireland pointed to an expected “Green Wave”. Across the bloc, concerns about climate change and the environment may bolster the pro-EU Greens group and could mean tighter regulations for industry and for the terms the EU may set for partners seeking trade accords. Britain also voted on Thursday and a new party focused on getting out of the EU was forecast by pre-vote opinion polls to come top, but there has been no exit poll data. Attention there has focused on the resignation of Prime Minister Theresa May. Results will be out late on Sunday, when all countries have voted.

[..] Matteo Salvini’s League in Italy may pip the Christian Democrats of German Chancellor Angela Merkel, the bloc’s power broker, to become the biggest single party in the 751-seat chamber. Right-wing ruling parties in Poland and Hungary, defying Brussels over curbs to judicial and media independence, will also return eurosceptic lawmakers on Sunday.

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Grandma does.

Who Gets To Choose The UK’s Next Prime Minister? (BBC)

With Theresa May finally on her way out of Downing Street, a Tory leadership contest that has been bubbling under for months is now starting. It’s a two-stage process. The first sees votes among Conservative MPs designed to whittle the contenders down to just two front-runners. The second stage sees the party’s grassroots members choose between them in a postal ballot. In other words, it is members of the public – those who pay £25 a year to join the Conservative Party – who get the final say on who the next prime minister is. There will not be a general election because the party is already in power. So, who are its members and what do they think on key issues, not least of course Brexit?

We don’t know exactly how many Conservative Party members there are because – unlike the UK’s other parties – the Conservatives don’t regularly release the figures. The last time they did so was back in March 2018, when they put the figure at 124,000. That’s larger than some of the more pessimistic guesstimates, but way down on the peak of nearly three million that the party boasted in the early 1950s. Membership plunged after that before levelling off at around one million in the 1970s and 1980s, since when it has been dropping almost inexorably. One thing we can be sure of, however, is that the Tories have far fewer members than the Labour Party. Even if we assume that Labour’s membership has fallen from the late 2017 peak of more than 550,000, it still has a huge advantage over the Conservatives when it comes to campaigning on the ground.


[..] What Tory members haven’t cooled on, however, is Brexit. Indeed, since we started tracking them in 2015, they’ve hardened their position. It is clear that they are not supporters of the deal negotiated by their outgoing leader. In fact, it is now the case that fully two-thirds of them back a no-deal Brexit – an outcome supported by only a quarter of voters as a whole. Nor are they in the least bit keen on the idea of letting the public have another say on the UK’s EU membership. Some 84% of them oppose the idea of a new referendum on the issue. In short, the grassroots aren’t simply sceptical on Europe; they can’t wait to leave, whatever that might take. This, then, is the Conservative Party electorate. And those MPs hoping to succeed Mrs May will need to pitch their promises accordingly.

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Bubble. Tesla is brought to you by the Fed.

Elon Musk Confronts The “Bear Case” (VF)

Don’t say “death spiral,” but Tesla has unquestionably entered a perilous new era. Last September, a month after Elon Musk’s notorious “funding secured” tweet, I wrote a New York Times opinion piece about the fact that the real problem at Tesla, Musk’s electric-car company, was not necessarily Musk’s irresponsible, and perhaps illegal, behavior as C.E.O. Rather, it was the Tesla balance sheet, which was larded with $11 billion in debt, some $1.7 billion of which needed to be paid off before November 2019. Debt isn’t necessarily a bad thing. But when a company doesn’t have the operating earnings to service that debt, a single dollar of debt can be too much. And then it becomes more like a Ponzi scheme, which, to be honest, Tesla is increasingly resembling.


Can Tesla convince investors to give it enough new capital to pay off the maturing debt before the world concludes that the company doesn’t have the resources to meet its obligations as they become due? That, of course, is the textbook definition of a bankrupt company. When I last wrote about Tesla, the company’s stock was trading at $300 per share, giving Tesla a market capitalization of around $51 billion. Nowadays, Tesla’s stock is trading around $190 per share and the company is valued at around $34 billion. That’s a loss of a cool $17 billion for equity investors, in eight months. In November, Tesla repaid $230 million of convertible debt with some of its cash pile instead of converting the debt to equity because its stock price was well below the conversion price. In March, Tesla paid off another $920 million in convertible notes in cash, again because its stock price was below the conversion price.

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..eating a corn chip produced from Bt corn might transform our intestinal bacteria into living pesticide factories, possibly for the rest of our lives.”

You Will Probably Never Want To Eat GMO Food Again (Snyder)

In recent years, researchers have been pushing the boundaries of biology in order to come up with new “plant-based” alternatives to existing food products. Essentially, “synthetic biology” is being used “to create life forms from scratch”… Impossible’s “bleeding” veggie burger, shrimp made of algae, and vegan cheeses that melt are all making their way into restaurants and on to supermarket shelves, offering consumers a new generation of plant-based proteins that look, act, and taste far more like the real thing than ever before. What consumers may not realize, however, is that many of these new foods are made using synthetic biology, an emerging science that applies principles of genetic engineering to create life forms from scratch.

[..] “GM corn and cotton are engineered to produce their own built-in pesticide in every cell. When bugs bite the plant, the poison splits open their stomach and kills them. Biotech companies claim that the pesticide, called Bt — produced from soil bacteria Bacillus thuringiensis’ has a history of safe use, since organic farmers and others use Bt bacteria spray for natural insect control. Genetic engineers insert Bt genes into corn and cotton, so the plants do the killing.” The Bt-toxin produced in GM plants, however, is thousands of times more concentrated than natural Bt spray, is designed to be more toxic, has properties of an allergen, and unlike the spray, cannot be washed off the plant.” Do you think that it is actually safe to eat such “food”?

Sadly, the health consequences from eating GMO food may not just be temporary. In fact, one study found that the effects of eating genetically-modified food could last for a lot longer that anyone had anticipated… “The only published human feeding study revealed what may be the most dangerous problem from GM foods. The gene inserted into GM soy transfers into the DNA of bacteria living inside our intestines and continues to function. This means that long after we stop eating GMOs, we may still have potentially harmful GM proteins produced continuously inside of us. Put more plainly, eating a corn chip produced from Bt corn might transform our intestinal bacteria into living pesticide factories, possibly for the rest of our lives.”

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Without the precautionary principle, it’s certain that we will poison our children and not realize it until it’s too late.

Glyphosate Exposure Linked to Fatty Liver Disease in Humans (BP)

Glyphosate weed killers may be contributing to the growing worldwide epidemic f non-alcoholic fatty liver disease (NAFLD), a condition that causes swelling of the liver, and can eventually lead to cirrhosis, cancer, or liver failure. Researchers at the University of California (UC) San Diego found that higher levels of glyphosate detected in urine corresponded significantly with individuals that have also been diagnosed with NAFLD. Advocates are urging lawmakers at every level to respond to the accumulating science on the danger of glyphosate herbicides, ban their use, and adopt policy changes that put into place organic land management practices.


“There have been a handful of studies, all of which we cited in our paper, where animals either were or weren’t fed Roundup or glyphosate directly, and they all point to the same thing: the development of liver pathology,” said Paul J. Mills, PhD, professor and chief in the Department of Family Medicine and Public Health at UC San Diego School of Medicine in a press release. [..] With glyphosate still the most popular herbicide used in the U.S., exposure to the chemical is alarmingly widespread. “The increasing levels [of glyphosate] in people’s urine very much correlates to the consumption of Roundup [glyphosate] treated crops into our diet,” said Dr. Mills. He cautions that the results need further follow up, and there may be other pesticides in the environment leading to similar disease outcomes. “There are so many synthetic chemicals we are regularly exposed to,” Dr. Miller notes. “We measured just one.”

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Sometimes you will never know the value of a moment, until it’s a memory.
– Dr. Seuss

 

 

 

 

May 022019
 


Bugatti Atlantic Coupé 1935

 

Julian Assange Legal Team Begin ‘Big Fight’ Over Extradition (G.)
US May Have To Stop Borrowing Later This Year – Treasury (R.)
From 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt (ZH)
Fed Sees No Strong Case For Hiking Or Cutting Rates (R.)
Venezuela and Binary Choice (Murray)
Nellie Ohr’s ‘Hi Honey’ Emails On Russia Collusion Should Alarm Us All (Hill)
Barr Cancels Second Day Of Testimony, Escalating Battle With US Congress (R.)
WSJ: Dems Vilifying Barr For ‘Acting Like A Real Attorney General’ (Hill)
737 Max Sensor Had Been Flagged Over 200 Times To FAA (CNN)
US Environment Agency Says Glyphosate Is Not A Carcinogen (R.)

 

 

Straight from the horse’s foul-smelling mouth, the Guardian. First judge called Assange a narcissist. This one says he cost taxpayers £16m. Judges in Britain are apparently not required to be objective. Here’s praying he’ll receive better treatment today.

Julian Assange Legal Team Begin ‘Big Fight’ Over Extradition (G.)

A struggle over the US request for Julian Assange’s extradition will open in court on Thursday morning, a day after the WikiLeaks founder was jailed for just under a year for breaching bail conditions to avoid being extradited to Sweden. Wednesday’s sentence was decried as an “outrage” by Kristinn Hrafnsson, the editor-in-chief of the whistleblowing website, who said the hearing at Westminster magistrates court to oppose Assange’s extradition would be the start of the “big fight” – a process he said would be “a question of life and death for Mr Assange”. A judge largely rejected the mitigating factors put forward by lawyers for Assange – who took refuge in Ecuador’s embassy to London in 2012 to avoid extradition to Sweden over sexual assault allegations, which he has denied – and told the 47-year-old it was difficult to envisage a more serious example of the offence.

“You remained there for nearly seven years, exploiting your privileged position to flout the law and advertise internationally your disdain for the law of this country,” said Judge Deborah Taylor, as she sentenced him at Southwark crown court. “Your actions undoubtedly affected the progress of the Swedish proceedings. Even though you did cooperate initially, it was not for you to decide the nature or extent of your cooperation with the investigations. They could not be effectively progressed, and were discontinued, not least because you remained in the embassy.” Assange, who was arrested last month when Ecuador revoked his political asylum and invited Metropolitan police officers inside the country’s Knightsbridge diplomatic premises, had written a letter in which he expressed regret for his actions but claimed he had been left with no choice.

“I apologise unreservedly to those who consider that I have disrespected them by the way I have pursued my case. This is not what I wanted or intended,” he said in the letter read out by his lawyer, Mark Summers QC. “I found myself struggling with terrifying circumstances for which neither I nor those from whom I sought advice could work out any remedy. I did what I thought at the time was the best and perhaps the only thing that could be done – which I hoped might lead to a legal resolution being reached between Ecuador and Sweden that would protect me from the worst of my fears.”

Assange, wearing a black blazer and shorn of the beard worn when police carried him out of the embassy last month, was told by the judge that his continued residence there had cost £16m of taxpayers’ money “in ensuring that when you did leave, you were brought to justice”. “It is essential to the rule of law that nobody is above or beyond the reach of the law,” said the judge, who said Assange’s written apology was the first recognition that he regretted his actions.

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Don’t they say that all the time about twice a year?

US May Have To Stop Borrowing Later This Year – Treasury (R.)

The U.S. government will have to stop borrowing money between July and December if Washington doesn’t agree to raise a legal restriction on public debt, the Treasury Department said on Wednesday. Hitting that so-called “debt ceiling” could trigger a U.S. default on its debt and an immediate recession, a risk that has become a regular facet of U.S. politics over the last decade. The current debt limit was set in March. Treasury has been able to continue borrowing from investors by using accounting measures such as limiting government payments to public sector retirement funds.


“Treasury expects that the extraordinary measures will be exhausted sometime in the second half of 2019,” Treasury Deputy Assistant Secretary Brian Smith said in a statement announcing the department’s quarterly debt issuance plans. Wall Street also sees Treasury exhausting its borrowing authority in the third or fourth quarter, according to the minutes of a meeting of a Treasury advisory committee of financiers. The debt ceiling is already affecting how the government funds itself. Issuance of Treasury bills – short-term debt – is expected to gradually decline over the second quarter due to debt ceiling constraints, Smith said.

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“..while we don’t know yet what the next reserve currency – either fiat, hard or digital – after the US dollar will be, we urge readers to own a whole lot of it.”

From 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt (ZH)

As part of today’s Treasury Presentation to the Treasury Borrowing Advisory Committee, there is a chart showing the Office Of Debt Management’s forecast for annual US debt issuance, broken down between its three component uses of funds: Primary Deficit, Net Interest Expense, and “Other.” That chart is troubling because while in 2019 and 2020 surging US interest expense is roughly matched by the other deficit components in the US budget, these gradually taper off by 2024, and in fact in 2025 become a source of budget surplus (we won’t be holding our breath). But what is the real red flag is that starting in 2024, when the primary deficit drops to zero according to the latest projections, all US debt issuance will be used to fund the US net interest expense, which depending on the prevailing interest rate between now and then will be anywhere between $700 billion and $1.2 trillion or more.

In short: in the stylized cycle of the US “Minsky Moment”, the US will enter the penultimate, Ponzi Finance, phase – the one in which all the new debt issuance is used to fund only interest on the debt – some time around in 2024. From that point on, every incremental increase in interest rates, which will eventually happen simply due to rising inflation expectations, will merely accelerate the ponzi process, whereby even more debt is sold just to fund the rising interest on the debt, requiring even more debt issuance, and so on, until finally the “Minsky Moment” arrives. At that point, while we don’t know yet what the next reserve currency – either fiat, hard or digital – after the US dollar will be, we urge readers to own a whole lot of it.

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Get rid of the Fed or you will have no economy left. You already don’t have markets anymore, because the Fed became the market, and with the markets the economy will vanish too.

Fed Sees No Strong Case For Hiking Or Cutting Rates (R.)

The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher. “We think our policy stance is appropriate at the moment; we don’t see a strong case for moving it in either direction,” Fed Chairman Jerome Powell said in a press conference following the end of the central bank’s latest two-day policy meeting. Overall, he said, “I see us on a good path for this year.” Fed policymakers said ongoing economic growth, a strong labor market and an eventual rise in inflation were still “the most likely outcomes” as the U.S. expansion nears its 10-year mark.


“The labor market remains strong … economic activity rose at a solid rate” in recent weeks, the Fed said in a policy statement a day after President Donald Trump called on it to cut rates by a full percentage point and take other steps to stimulate the economy. The policy statement, and particularly Powell’s insistence the Fed saw no compelling reason to consider a rate cut in response to weak inflation, prompted a modest selloff in stock markets and pushed bond yields higher. The S&P 500 index fell 0.75 percent, its largest daily decline since mid-March. Interest rate futures also reversed direction, signaling a lower degree of confidence the next Fed move would be a rate cut, exactly the point Powell was driving at in a “stay-the-course” message, said analysts at Cornerstone Macro.

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“Juan Guaido has been groomed for 15 years as a long-term CIA project.”

Venezuela and Binary Choice (Murray)

When a CIA-backed military coup is attempted by a long term CIA puppet, roared on by John Bolton and backed with the offer of Blackwater mercenaries, in the country with the world’s largest oil reserves, I have no difficulty whatsoever in knowing which side I am on. Juan Guaido has been groomed for 15 years as a long-term CIA project. His coup attempt yesterday, which so far appears to have stalled, was the culmination of these efforts to return Venezuela’s oil reserves to US hegemony.

It is strange how the urgent installation of liberal democracy by force correlates so often with oil reserves not aligned to the USA, as in Libya, Iraq or Venezuela, while countries with massive oil reserves which permit US military domination and align with the West and Israel can be as undemocratic as they wish, eg Saudi Arabia. Venezuela is an imperfect democracy but it is far, far more of a democracy than Saudi Arabia and with a much better human rights record. The hypocrisy of Western media and politicians is breathtaking.

Hypocrisy and irony are soulmates, and there are multiple levels of irony in seeing the “liberal” commentators who were cheering on an undisguised military coup, then complaining loudly that people are being injured or killed now their side is losing. Yesterday the MSM had no difficulty in calling the attempted coup what anybody with eyes and ears could see it plainly was, an attempted military coup. Today, miraculously, the MSM line is no coup attempt happened at all, it was just a spontaneous unarmed protest, and it is the evil government of Venezuela which attempts to portray it as a coup. BBC Breakfast this morning had the headline “President Maduro has accused the opposition of mounting a coup attempt”… Yet there is no doubt at all that, as a matter of plain fact, that is what happened.

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We’re going to have a civil war. But it won’t be civil.

Nellie Ohr’s ‘Hi Honey’ Emails On Russia Collusion Should Alarm Us All (Hill)

First came the text messages between FBI lovebirds Peter Strzok and Lisa Page, which gave us a painful glimpse at potential political bias inside America’s most famous crime-fighting bureau. Now, a series of “Hi Honey” emails from Nellie Ohr to her high-ranking federal prosecutor husband and his colleagues raise the prospect that Hillary Clinton-funded opposition research was being funneled into the Justice Department during the 2016 election through a back-door marital channel. It’s a tale that raises questions of both conflict of interest and possible false testimony.

Ohr has admitted to Congress that, during the 2016 presidential election, she worked for Fusion GPS — the firm hired by Democratic nominee Clinton and the Democratic National Committee to perform political opposition research — on a project specifically trying to connect Donald Trump and his campaign chairman, Paul Manafort, to Russian organized crime. Now, 339 pages of emails from her private account to Department of Justice (DOJ) email accounts, have been released under a Freedom of Information Act request by the conservative legal group Judicial Watch. And they are raising concerns among Republicans in Congress, who filed a criminal referral with the Justice Department on Wednesday night.

They clearly show that Ohr sent reams of open-source intelligence to her husband, Associate Deputy Attorney General Bruce Ohr, and on some occasions to at least three DOJ prosecutors: Lisa Holtyn, Ivana Nizich and Joseph Wheatley. The contents tracked corruption developments in Russia and Ukraine, including intelligence affecting Russian figures she told Congress she had tried to connect to Trump or Manafort. “Hi Honey, if you ever get a moment you might find the penultimate article interesting — especially the summary in the final paragraph,” Nellie Ohr emailed her husband on July 6, 2016, in one typical communication. The article and paragraph she flagged suggested that Trump was a Putin stooge: “If Putin wanted to concoct the ideal candidate to service his purposes, his laboratory creation would look like Donald Trump.” Nellie Ohr bolded that key sentence for apparent emphasis.

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Still don’t get why they insist on lawyers asking their questions for them.

Barr Cancels Second Day Of Testimony, Escalating Battle With US Congress (R.)

Attorney General William Barr on Wednesday canceled plans to testify before the House of Representatives about his handling of Special Counsel Robert Mueller’s Russia investigation, further inflaming tensions between U.S. President Donald Trump and Democrats in Congress. Barr was due to face the Democratic-controlled House Judiciary Committee on Thursday, but pulled out after the two sides were unable to agree on the format for the hearing. “It’s simply part of the administration’s complete stonewalling of Congress,” Judiciary Committee Chairman Jerrold Nadler told reporters. Justice Department spokeswoman Kerri Kupec said Nadler’s proposal to have committee lawyers question Barr was “unprecedented and unnecessary,” saying questions should come from lawmakers.


The Justice Department also said on Wednesday it would not comply with a Nadler-issued subpoena seeking an unredacted version of Mueller’s report and underlying investigative files from the probe. Earlier on Wednesday, Barr spent more than four hours before the Republican-controlled Senate Judiciary Committee where he fended off Democratic criticism of his decision to clear Trump of criminal obstruction of justice and faulted Special Counsel Robert Mueller for not reaching a conclusion of his own on the issue.

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The Wall Street Journal takes a very strong stand.

WSJ: Dems Vilifying Barr For ‘Acting Like A Real Attorney General’ (Hill)

The Wall Street Journal editorial board on Wednesday excoriated Democrats for making Attorney General William Barr out to be a “villain,” defending Barr as merely “acting like a real Attorney General.” “Washington pile-ons are never pretty, but this week’s political setup of Attorney General William Barr is disreputable even by Beltway standards,” the board wrote in an op-ed published just hours after Barr testified before the Senate Judiciary Committee. The editorial, which was shared by President Trump on Twitter, slammed Democrats’ criticism of Barr’s handling of special counsel Robert Mueller’s report on Russian election interference and possible obstruction of justice by Trump.


The board also took issue with Mueller, saying that the letter he wrote to Barr expressing concerns with how the attorney general summarized his investigation amounted to “posterior covering.” “Democrats leapt on the letter as proof that Mr. Barr was somehow covering for Donald Trump when he has covered up nothing,” the board wrote, arguing that Barr’s four-page memo adequately summarized the chief findings of Mueller’s investigation. The board wrote that the “trashing of Barr shows how frustrated and angry Democrats continue to be that the special counsel came up empty in his Russia collusion probe.”

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“Single sources of data are considered acceptable in such cases by our industry..” As I explained when this came out, you need three sources. One is crazy, two is too dangerous.

737 Max Sensor Had Been Flagged Over 200 Times To FAA (CNN)

The device linked to the Boeing 737 Max software that has been scrutinized after two deadly crashes was previously flagged in more than 200 incident reports submitted to the Federal Aviation Administration, but Boeing did not flight test a scenario in which it malfunctioned, CNN has learned. The angle-of-attack (AOA) sensor, as it’s known, sends data to a 737 Max software system that pushes the nose of the aircraft down if it senses an imminent stall. That software, triggered by erroneous data from AOA sensors, is believed to have played a role in crashes of Lion Air and Ethiopian Airlines jets. Former Boeing engineers and aviation analysts interviewed by CNN have criticized Boeing’s original software design for relying on data from a single AOA sensor, claiming that those devices are vulnerable to defects.

FAA data analyzed by CNN supports that assessment. The FAA has received at least 216 reports of AOA sensors failing or having to be repaired, replaced or adjusted since 2004, according to data from the FAA’s Service Difficulty Reporting website. [..] In one 2011 case, the flight crew on a Boeing 737-800 reported that the “angle of attack and airspeed failed” and declared an emergency. An AOA sensor was then replaced. The FAA also issued two directives for various Boeing aircraft models before the 737 MAX was released, indicating that Boeing was aware of the potential for the sensors to cause problems in its planes. A 2013 directive mandated inspections of certain AOA sensors to prevent possible problems that included “obstacles after takeoff, or reduced controllability of the airplane.”

Another FAA directive published in 2016 warned that AOA sensors on Boeing MD-90-30 airplanes needed to be modified and tested to address “the unsafe condition on these products.” While those directives did not involve the 737 Max, Peter Goelz, a former managing director of the National Transportation Safety Board (NTSB) and a CNN aviation analyst, said AOA sensors fundamentally work the same on different aircraft models. “This is a fairly simple external device that can get damaged on a regular basis,” Goelz said. “That’s important because Boeing made the decision to rely on them as single sources for streams of data.”

In a statement to CNN, a Boeing spokesperson said the 737 Max and its stall-prevention system, called MCAS, were certified in accordance with all FAA requirements, and that Boeing’s analysis for the plane determined that in the event of erroneous inputs from an AOA sensor, pilots would be able to maintain control of the plane by following established procedures. “Single sources of data are considered acceptable in such cases by our industry,” the Boeing spokesperson said.

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Unbelievable. Might as well end the EPA too. There is only one way to deal with GMO and the poisons that keep them alive: precautionary principle.

US Environment Agency Says Glyphosate Is Not A Carcinogen (R.)

The U.S. Environmental Protection Agency (EPA) said on Tuesday that glyphosate, a chemical in many popular weed killers, is not a carcinogen, contradicting decisions by U.S. juries that found it caused cancer in people. The EPA’s announcement reaffirms its earlier findings about the safety of glyphosate, the key ingredient in Bayer’s Roundup. The company faces thousands of lawsuits from Roundup users who allege it caused their cancer. “EPA continues to find that there are no risks to public health when glyphosate is used in accordance with its current label and that glyphosate is not a carcinogen,” the agency said in a statement.


Farmers spray glyphosate, the most widely used herbicide in U.S. agriculture, on fields of soybeans and other crops. Roundup is also used on lawns, golf courses and elsewhere. The EPA did previously find ecological risks from the chemical and has proposed new measures to protect the environment from glyphosate use by farmers and to reduce the problem of weeds becoming resistant to it. Bayer said it was pleased the EPA and other regulators who have assessed the science on glyphosate for more than 40 years continue to conclude it is not carcinogenic. “Bayer firmly believes that the science supports the safety of glyphosate-based herbicides,” it said in a statement. The company has repeatedly denied allegations that glyphosate and Roundup cause cancer.

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Mar 302019
 


René Magritte The muscles of the sky 1927

 

May Hopes To Hold Fourth Vote On Brexit Deal (Ind.)
May Ready To Trigger Election Within 10 Days (Ind.)
EU Gives Britain 11 Days To Come Up With New Brexit Plan (G.)
The Democrats Are Self-Destructing (PCR)
Wokester’s Nightmare (Kunstler)
Barr Says Mueller Report Will Be Released In Mid-April ‘If Not Sooner’ (AP)
On Russiagate and Our Refusal to Face Why Trump Won (Taibbi)
US Readying Sanctions On Russia Over Nerve-Agent Attack In Britain (R.)
Southwest To Keep Boeing 737 MAX Off Schedules Through May (R.)
TUI Sticks With Boeing, Sees 737 Maxs Flying By Mid-July (R.)
Human Population Explosion Squeezes Out Wildlife On African Savannah (Ind.)
The Places in America that Use the Most (and Least) Pesticides (PO)

 

 

Get me Bill Murray on the phone.

May Hopes To Hold Fourth Vote On Brexit Deal (Ind.)

Theresa May hopes to bring her Brexit deal back to parliament again next week after it was rejected for a third time by MPs – and appears poised to trigger a general election if parliament fails to agree a way forward. Despite the embattled prime minister’s dramatic promise on Wednesday that she would hand over the keys to 10 Downing Street if her Tory colleagues backed the withdrawal agreement, parliament voted against it on Friday, by 344 to 286. The Commons vote was held on the day when Britain was meant to be leaving the European Union, as Parliament Square outside overflowed with raucous pro-Brexit protesters.

A string of leave-supporting Conservative backbenchers who had twice rejected the deal, including Boris Johnson, Jacob Rees-Mogg and former Brexit secretary Dominic Raab, switched sides to support the agreement. But with Labour unwilling to shift its position, and the Democratic Unionist party’s 10 MPs implacably opposed, it was not enough to secure a majority for May. The result was a sense of stunned disbelief in Westminster. Asked what could happen next, one government source said: “Last one out, turn off the lights.” Immediately after the defeat was announced, May told MPs: “The implications of the house’s decision are grave. The legal default now is that the United Kingdom is due to leave the European Union on 12 April. In just 14 days’ time.”

Under the deal agreed by EU leaders in Brussels last week, if May had passed her withdrawal agreement this week, Brexit would have been delayed until 22 May. Now, she will have to return to Brussels for an emergency European council summit on 10 April. The EU27 expect her to ask for a longer delay – requiring Britain to participate in the European elections in May – or accept a no-deal Brexit two days later. However, her aides hope the 22 May date could still be in play if her deal is accepted next week.

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So what’s she waiting for?

May Ready To Trigger Election Within 10 Days (Ind.)

Britain is veering towards a new general election after MPs voted down Theresa May’s Brexit deal for a third time on Friday. She strongly hinted after the defeat that she will take the country to the polls if parliament does not pass a deal respecting the 2016 referendum result in the next 10 days. Ministers told The Independent a new election was a clear possibility featuring in the prime minister’s thinking, with her likely to have one final attempt to push her deal through next week. As thousands of pro-Brexit protesters shouted outside parliament, Labour leader Jeremy Corbyn and Scottish nationalists, who form the third biggest group in the House of Commons, also called for an election.


It comes as MPs will once again take control of the chamber’s schedule on Monday to hold indicative votes to see if a soft-Brexit compromise can achieve a majority. [..] Asked whether an election was now becoming a clear possibility, one cabinet source told The Independent without hesitation: “Yes. Absolutely. No question.” There had been speculation that the vote itself was set up for 29 March to make a show of Mr Corbyn’s party voting against Brexit ahead of a pending election campaign. One cabinet minister later said: “We would throw at them the question of ‘what did your MP do on exit day?’ “This is going to be difficult for a lot of individual Labour MPs in Leave areas.”

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10 days, 11 days, they’re intent on entertaining us every single day.

EU Gives Britain 11 Days To Come Up With New Brexit Plan (G.)

The EU has given the British government 11 days to come up with a fresh Brexit plan to avoid crashing out of the bloc at 11pm on 12 April. In the immediate aftermath of the crushing rejection of the prime minister’s deal, the European council president, Donald Tusk, called an emergency leaders’ summit. Should the UK seek a lengthy extension, leaders will debate any request at an extraordinary meeting on 10 April. EU capitals would require a clear justification at least two days earlier from Downing Street on the reason for a lengthy delay to allow officials to prepare. “We expect the UK to indicate a way forward before then, well in time for the European council to consider,” an official said.


EU heads of state and government expressed their alarm at the continued impasse in Westminster following the third defeat of May’s deal. The Irish taoiseach, Leo Varadkar, said: “It is up to the UK to indicate how it plans to proceed in order to avoid a no-deal scenario. The European council has agreed unanimously that the withdrawal agreement will not be reopened.” However, he added: “I believe we must be open to a long extension should the UK decide to fundamentally reconsider its approach … I believe that will result in a generous and understanding response from the 27.”

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Haven’t heard from Paul Craig Roberts in a while. Is that just me?

The Democrats Are Self-Destructing (PCR)

I know Democrats are disappointed not to have Trump’s head presented to them by Mueller on a silver platter. But surely not even Democrats are stupid enough to believe the Russiagate conspiracy tale. It was all cooked up by the military/security complex to prevent Trump from normalizing relations with Russia, thereby removing the enemy that justifies the $1,000 billion annual budget. Before writing such nonsense as Hartmann has written, he should have read Barr’s summary of the report. Barr quotes Mueller directly from the report: “The investigation did not establish that members of the Trump Campaign conspired or coordinated with the Russian government in its election interference activities.” Again from Mueller’s report: “The evidence does not establish that the President was involved in an underlying crime related to Russian election interference.”


Other Democrats who cannot cope with their disappointment claim that although cleared of election theft collusion Trump was not cleared of obstruction of justice. This is nonsensical even for Democrats. As Trump committed no crime, what evidence did he obstruct? The evidence of his innocence? Just as murder requires a body, obstruction requires a crime to obstruct. But facts are boring to Democrats. They were certain that all the lies that they and the media whores told would find their way into Mueller’s report. Mueller’s staff was Democrat to the core, and Mueller used every dirty trick in the book in his effort to get something on Trump. It simply couldn’t be done. Democrats will never get over it, just as they never have got over Iran-Contra. Hartmann couldn’t write about the “Russiagate coverup” without dragging in Ronald Reagan and the “Iran-Contra coverup.”

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“It’s also very likely that Robert Mueller learned that the Steele Dossier was a fraud in the summer of 2017, if not shortly after his appointment in May of that year..”

Wokester’s Nightmare (Kunstler)

All of a sudden, a whole lot of people who have been punking the public-at-large will have to answer for their behavior. Despite the fog of misdirection blowing out of The New York Times, The WashPo, CNN, and MSNBC, it’s become obvious that the RussiaGate hoax was kicked off by Hillary Clinton’s campaign and a cabal of Obama appointees in several executive agencies. The evidence is public, fully documented, and overwhelming that the so-called Steele Dossier was the sole animating instrument in both the 2016 pre-election effort to incriminate the Golden Golem of Greatness, and the Mueller Investigation launched post-election to cover-up those same political misdeeds of the Clinton campaign, the FBI, the Department of Justice, the CIA, NSA, and State Department.


It’s also very likely that Robert Mueller learned that the Steele Dossier was a fraud in the summer of 2017, if not shortly after his appointment in May of that year, and yet he dragged out his investigation for almost two years in order to defame and antagonize Mr. Trump — and deflect attention from the ugly truth of the matter. It is certain Mr. Mueller knew that the Steele Dossier was purchased by Glenn Simpson’s Fusion GPS political “research” company, which was simultaneously in the paid employ of Mrs. Clinton and the Russian political lobbying agency Prevezon (as reported by Sean Davis in The Federalist). If the FBI brass did not bring that to Mr. Mueller’s attention right away, then either their incompetence is epic or they are criminally liable for concealing the hoax.

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Mueller’s doing the redacting with Barr.

Barr Says Mueller Report Will Be Released In Mid-April ‘If Not Sooner’ (AP)

Congress should expect to receive a redacted version of special counsel Robert Mueller’s report on the Russia investigation by mid-April, Attorney General William Barr said Friday. In a letter to the chairmen of the House and Senate judiciary committees, Barr said he shares a desire for Congress and the public to be able to read Mueller’s findings, which are included in the nearly 400-page report Mueller submitted last week. Barr said he does not plan to share the report with the White House before making it public. He said that while President Donald Trump would have the right to assert executive privilege over certain parts of the report, “he has stated publicly that he intends to defer to me and, accordingly, there are no plans to submit the report to the White House for a privilege review.”

Mueller officially concluded his investigation when he submitted the report last Friday. Two days later, Barr sent a four-page letter to Congress that detailed Mueller’s “principal conclusions.” Mueller’s report did not find that the Trump campaign coordinated or conspired with Russia, Barr wrote, and did not reach a conclusion on whether Trump obstructed justice. Barr said he and Deputy Attorney General Rod Rosenstein decided on their own that Mueller’s evidence was insufficient to establish that the president committed obstruction.

Barr said he is preparing to redact multiple categories of information from the report. Those include grand jury material; information that would compromise sensitive sources and methods; information that could affect ongoing investigations, including those referred by Mueller’s office to other Justice Department offices; and information that could infringe on the personal privacy and reputation of “peripheral third parties.” “Our progress is such that I anticipate we will be in a position to release the report by mid-April, if not sooner,” he said.

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Getting a bit tired of all the regurgitating and gloating, but this look back is nice.

On Russiagate and Our Refusal to Face Why Trump Won (Taibbi)

Nate Silver, the ex-baseball stats guru and renowned “National Oracle™” (as Gizmodo cheekily called him), laughed at Trump’s chances[1]. His site, FiveThirtyEight, ran a story called “Why Donald Trump Isn’t a Real Candidate, In One Chart.” The piece said Trump was more likely to “play in the NBA finals” or cameo in another Home Alone movie than win the nomination. Dana Milbank in the Washington Post: “I’m so certain Trump won’t win the nomination that I’ll eat my words if he does. Literally.” Milbank ended up actually doing this, for which he deserves a lot of credit. “Donald Trump is going to lose because he is crazy,” was the take of Jonathan Chait, who would soon be writing Trump might have been recruited by the KGB in 1987.

It isn’t just that wizards of prognostication were wrong. The bigger issue was why they were so confident. A common take was the political establishment just wouldn’t allow it. Former “The Note” writer Mark Halperin used to talk about having his finger on the pulse of the “Gang of 500,” which he described as “campaign consultants, strategists, pollsters, pundits and journalists who make up the modern-day political establishment.” The subtext of Halperin’s pieces was that the Gang of 500 decided elections. It’s hard to understand how it never occurred to Halperin or anyone else that people might be grossed out by the concept of 500 self-appointed guardians of democracy deciding the presidency for 300 million people.

In this case, just by saying out loud the idea that the people who mattered would never let Trump win, probably helped Trump win. It validated his talk about “elites.” Nate Cohn of The New York Times wrote Trump had “just about no shot of winning the nomination no matter how well he is doing in the early polls.” He prefaced this by saying it is “the party elites who traditionally decide nomination contests.” When Trump defied these predictions and sealed up the Republican nomination, he immediately became subject to a new legend, about how he was destined to be the biggest landslide loser in history of general elections: bigger than Alf Landon or even George McGovern, whose very name in America is synonymous with “loser.”

Here are some takes on Trump’s campaign after he sealed up the nomination: David Brooks: Trump will be the “biggest loser” in American politics. The Week: “Trump is poised to lose the biggest landslide in modern American history.” George Will: “Donald Trump may find a place in history – by losing just that badly.” I belong on this infamous list myself. In one of the worst mistakes of my career, I ended up changing my mind about “free-falling” Trump’s chances, spending the stretch run predicting doom for Republicans. I read too many polls and ignored what I was seeing, i.e. that even the post-Access Hollywood Trump was still packing stadiums.

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I swear I thought it was an April Fools prank.

US Readying Sanctions On Russia Over Nerve-Agent Attack In Britain (R.)

The White House has received a package of new sanctions to be imposed on Russia in retaliation for the 2018 nerve-agent attack on a Russian double agent in Britain, Bloomberg reported on Friday. Officials at the U.S. Treasury and State Departments have vetted the sanctions and are awaiting approval from the White House to issue them, Bloomberg said, citing people familiar with the matter. Sergei Skripal, a former colonel in Russia’s GRU military intelligence service, and his 33-year-old daughter, Yulia, were found unconscious on a bench in the southern English city of Salisbury in March 2018 after a liquid form of the Novichok type of nerve agent was applied to the front door of Skripal’s home.


Both Skripal and his daughter survived. Russia has denied any involvement in the attack. Asked about Friday’s report, a Trump administration official noted that Secretary of State Mike Pompeo had told Russian Foreign Minister Sergei Lavrov in a phone call in February that the United States was determined to hold Russia accountable for the attack through sanctions.

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Don’t think they’ll make it.

Southwest To Keep Boeing 737 MAX Off Schedules Through May (R.)

Southwest Airlines Co said on Friday it was pulling its Boeing Co 737 MAX jets from flight schedules through May, extending its earlier timeline from April 20, according to a company memorandum seen by Reuters. “This will impact the lines in May, but, now that the decision has been made, we can construct our schedule without those flights well in advance in hopes to minimize the daily disruptions,” the Southwest Airlines Pilots Association and the company said in the joint memorandum. Boeing’s top-selling 737 MAX jetliner has been grounded in the wake of two deadly crashes involving that model in five months, one in Indonesia last October and another on March 10 in Ethiopia.

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Europe’s no 1 tour operator. Note how nice Boeing and them are to each other:“..he was “very certain” of receiving some compensation from Boeing, probably next year.|”

TUI Sticks With Boeing, Sees 737 Maxs Flying By Mid-July (R.)

TUI remains committed to its Boeing 737 MAX orders despite two fatal crashes that have led to the grounding of the plane worldwide and caused the Anglo-German tour operator to issue a profit warning on Friday. TUI said its profit would fall by at least 200 million euros ($225 million) this year due to the cost of substituting planes, loss of business and lower fuel efficiency – further evidence of the financial impact of the two deadly accidents after warnings from North American airlines. The holiday firm’s shares fell to an all-time low.

Global airlines and travel groups have had to make contingency plans after 737 MAX planes were taken out of service following an Ethiopian Airlines disaster on March 10 that killed 157 people, five months after a Lion Air crash in Indonesia that killed 189. Boeing is planning a software fix to address an issue that can arise when the MAX’s anti-stall system, MCAS, repeatedly pushes the plane’s nose down. The MCAS system is at the center of safety investigations into the two crashes. Based on feedback from Boeing and EU regulator EASA, the planes should be flying again in July, TUI’s Chief Executive Friedrich Joussen told analysts on a call.

CEO Joussen said: “We are saving $1 million per year per aircraft in fuel, but – and here comes the but – safety first.” TUI has little scope to cancel flights, as some airlines are doing, because the flights feed its hotel and cruise business. It is leasing planes complete with crews to replace those due to have been flown by 737 MAXs at the cost of $1 million each per month, executives said, adding they had seen some tightening of the so-called wet-leasing market. Bookings were down by 10 percent in major markets since the Ethiopian crash, Joussen said, adding he was “very certain” of receiving some compensation from Boeing, probably next year.

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“.. a 400 per cent increase in human population over the last decade, while more than three quarters of the populations of some of the larger species of migrating animals like wildebeest, zebra and gazelle have been wiped out..”

Human Population Explosion Squeezes Out Wildlife On African Savannah (Ind.)

Encroachment by people into one of Africa’s most celebrated ecosystems is “squeezing the wildlife in its core”, by damaging habitation and disrupting the migration routes of animals, a major international study has concluded. Boundary areas of the Serengeti-Mara region in East Africa have seen a 400 per cent increase in human population over the last decade, while more than three quarters of the populations of some of the larger species of migrating animals like wildebeest, zebra and gazelle have been wiped out, scientists revealed after examining 40 years of data. Despite being one of the most protected ecosystems on Earth, the influx of people and livestock around both the Serengeti and Masai Mara has had a detrimental impact on plants, wild animals and soils.


This has occurred in two main ways, the study found. Firstly, the protected areas’ or “buffer zones” where more livestock including cattle are being reared, are leaving less and lower quality grasses for wildebeest, zebra and gazelle to graze. Secondly, the presence of people and farm animals has also reduced the frequency of natural fires, which in turn impacts the variety of vegetation, altering grazing opportunities for wildlife in the core protected areas. Publishing their findings in the journal Science, the authors said the impacts were cascading down the food chain. Animals were forced to eat less palatable herbs and therefore the beneficial interactions between plants and microorganisms that enable the ecosystem to flourish were being altered.


Zebra, gazelle and wildebeest populations have fallen as human populations have risen on the edges of protected areas (Getty)

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h/t Tyler

The Places in America that Use the Most (and Least) Pesticides (PO)

We decided to analyze data to uncover which states in the United States had the most and least exposure to pesticides, herbicides and other agricultural chemicals, with a particular focus on glyphosate, the active ingredient that is in the news right now. We looked at data from the U.S. Geological Survey (USGS) to see which compounds were most popular and which locations had the highest usage levels of these chemicals. By a significant margin, the most popular herbicide in the United States is glyphosate, which is four times more popular than the second most popular chemical. Not surprisingly, large agricultural states like California, Washington, and Illinois use the most pesticides.

However, some states that use a lot of these chemicals see very little glyphosate usage, while others nearly exclusively use the compound. In California for example, only 6 percent of pesticide usage is glyphosate, while in Montana, 52 percent of such usage is from glyphosate. [..] By a significant margin, glyphosate is the most popular pesticide used in American agriculture. Over 130 million kilograms were used in 2016, which was approximately four times more than the second-place pesticide, Atrazine. In total, just over 544 million kilograms of pesticides were used in the U.S. in 2016, and 24 percent of that was glyphosate. It’s hard to overestimate just how pervasive Roundup and glyphosate are this country.

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Feb 272019
 


Salvador Dali Remorse – Sphinx Embedded in the Sand 1931

 

Michael Cohen Testimony: Trump A ‘Racist’, ‘Cheat’ And ‘Conman’ (G.)
3 Days That Will Decide Brexit – March 12-14th Will Seal Britain’s Fate (Exp.)
UK Economy Could Be 9% Weaker Under No-Deal Brexit – Government (G.)
The UK Doesn’t Have The Right Pallets For Exporting To The EU (BI)
The War on Venezuela is Built on Lies (Pilger)
Survival of the Richest (Nomi Prins)
Hey Yellen, It Was Trump Who Was Right (Every)
Now that Housing Bubble #2 Is Bursting…How Low Will It Go? (CHS)
Russia’s Share Of European Gas Market Surges To Almost 37%, Dwarfing LNG (RT)
UK Hunger Survey To Measure Food Insecurity (G.)
Glyphosate Found In 95% Of Wine And Beer (Ind.)
Am I The Only One Who’s Terrified About The Warm Weather? (G.)

 

 

Lots of wet panties, male and female, today in anticipation of Michael Cohen’s testimony. Of course, it’s been leaked, full text is here. A few quotes:

I may once again be in a party of one, but I think it’s awfully weak, it’s grasping for stuff rather than conveying it. First, there’s the inevitable Assange link:

In July 2016 [..] Mr. Stone told Mr. Trump that he had just gotten off the phone with Julian Assange and that Mr. Assange told Mr. Stone that, within a couple of days, there would be a massive dump of emails that would damage Hillary Clinton’s campaign. Mr. Trump responded by stating to the effect of “wouldn’t that be great.”

Anything related to Assange, whether from Mueller or Cohen, lacks credibility as long as he can’t defend himself against it. And Trump merely says: wouldn’t that be great? Not exactly the stuff of collusion or conspiracy.

Just as inevitable in smear campaigns: Trump the racist.

Mr. Trump is a racist. The country has seen Mr. Trump court white supremacists and bigots. You have heard him call poorer countries “shitholes.” While we were once driving through a struggling neighborhood in Chicago, he commented that only black people could live that way. And, he told me that black people would never vote for him because they were too stupid.

Calling a country a shithole is not racist. The policies that have created a situation in which many shithole countries are populated by black people stem from many decades of US/Europe policies that predate Trump. The rest is not racist either, if you look closer. Perhaps Trump is a bit racist, like so many Americans. But Cohen’s prepared words don’t show that.

Also: Trump doesn’t tell the full truth about his wealth. But Michael Cohen always has…

It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes.

Gee, lock him up. I don’t get it. There’s so much wrong with Trump, but politics and media have singled out Russia collusion, and then failed to prove a thing about it, and now they switch to ‘racist conman’, with the weakest of accusations. I swear, they might as well all be working for the Donald.

Michael Cohen Testimony: Trump A ‘Racist’, ‘Cheat’ And ‘Conman’ (G.)

Michael Cohen is to accuse Donald Trump of being a “conman” and a “cheat” who had advanced knowledge that a longtime adviser was communicating with WikiLeaks during the 2016 campaign, according to opening testimony he will deliver to Congress on Wednesday. Cohen’s prepared remarks, confirmed by the Guardian, include a series of explosive allegations about the presidential campaign. The president’s former lawyer, who will publicly testify before the House oversight committee on Wednesday, will state that Trump was told by Roger Stone that WikiLeaks would publish emails stolen from the Democratic National Committee and Hillary Clinton’s campaign.

“In July 2016, days before the Democratic convention, I was in Mr Trump’s office when his secretary announced that Roger Stone was on the phone. Mr Trump put Mr Stone on the speakerphone,” Cohen’s opening statement reads. “Mr Stone told Mr Trump that he had just gotten off the phone with Julian Assange and that Mr Assange told Mr Stone that, within a couple of days, there would be a massive dump of emails that would damage Hillary Clinton’s campaign. Mr Trump responded by stating to the effect of ‘wouldn’t that be great.’” The remarkable allegations by Cohen go further than what has been made public thus far by the special counsel investigation into potential collusion between the Trump campaign in Moscow.

Cohen will also suggest his instructions to lie to Congress about a possible Trump Tower deal in Moscow during the 2016 campaign came from the president – albeit not directly. “In conversations we had during the campaign, at the same time I was actively negotiating in Russia for him, he would look me in the eye and tell me there’s no business in Russia and then go out and lie to the American people by saying the same thing,” Cohen will say. “In his way, he was telling me to lie.” “Mr Trump did not directly tell me to lie to Congress. That’s not how he operates,” he will add.

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Humor me and please read this. It’s so confusing that you almost forget it’s also complete madness.

3 Days That Will Decide Brexit – March 12-14th Will Seal Britain’s Fate (Exp.)

In a dramatic statement to the House of Commons, Mrs May confirmed that she will put her Withdrawal Agreement – including whatever additional assurances she has secured from Brussels – to a “meaningful vote” by March 12. If that fails, MPs will be offered two separate votes the following day – one on a no-deal Brexit, and the other on requesting an extension to the two-year Article 50 negotiation process to delay EU withdrawal beyond March 29. The sequence of votes will be proposed in an amendable motion tabled by the Prime Minister for debate and vote in the Commons on Wednesday. To uproar in the Commons, Mrs May told MPs: “They are commitments I am making as Prime Minister and I will stick by them, as I have previous commitments to make statements and table amendable motions by specific dates.”

Deputy Political Editor for Sky News Beth Rigby tweeted of Mrs May’s speech: “This really is a big shift. “May has finally played her cards and sided with the Europhile wing of her party .. “Vote for her deal (March 12) Vote for no-deal (March 13) Vote for delay (March 14) .. “Only yesterday she refused to even acknowledge there might have to be a delay to Brexit.”

Mrs May has declared a meaningful vote will take place by March 12, where MPs will vote on her Brexit deal. Should this deal not be voted through, on March 13, MPs will then be offered two separate votes by March 13 on whether the UK leaves with no deal or delays Brexit beyond March 29. The delay will then be voted on March 14, when a motion would be brought forward on whether Parliament wishes to seek a short limited extension to Article 50. If the House votes for an extension, this extension will have to be approved by the House with the EU and then necessary legislation will be brought forward to change the exit date.

[..] In her statement to MPs following a Cabinet meeting with senior colleagues at 10 Downing Street, Theresa May said she wanted to set out “three further commitments” to the Commons. She said: “First, we will hold a second meaningful vote by Tuesday, March 12 at the latest. “Second, if the Government has not won a meaningful vote by Tuesday, March 12, then it will – in addition to its obligations to table a neutral amendable motion under Section 13 of the EU Withdrawal Act – table a motion to be voted on by Wednesday March 13 at the latest, asking this House if it supports leaving the EU without a Withdrawal Agreement and a framework for a future relationship on March 29.

“So the United Kingdom will only leave without a deal on March 29 if there is explicit consent in the House for that outcome. “Third, if the House, having rejected the deal negotiated with the EU, then rejects leaving on March 29 without a Withdrawal Agreement and future framework, the Government will on March 14 bring forward a motion on whether Parliament wants to seek a short, limited extension to Article 50.” The Prime Minister also said she still believes she will be able to secure a deal: “I’ve had a real sense from the meetings I’ve had, and the conversations I’ve had in recent days, that we can achieve that deal. “It’s within our grasp to leave with a deal on March 29 and that’s where all of my energies are going to be focused.”

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Scared yet? Because that’s the idea.

UK Economy Could Be 9% Weaker Under No-Deal Brexit – Government (G.)

The government has issued a bleak warning over a no-deal Brexit, estimating the UK economy could be 9% weaker in the long run, businesses in Northern Ireland might go bust and food prices will increase. In an official document only published after repeated demands by the former Conservative MP Anna Soubry, the government also revealed it was behind on contingency planning for a third of “critical projects” in relation to business and trade. The latest no-deal notice states:

• The economy would be 6%-9% smaller over the next 15 years than it otherwise might have been, in the event of no deal, in line with Bank of England forecasts. • The flow of goods through Dover would be “very significantly reduced for months”. • With 30% of food coming from the EU, prices are likely to increase and there is a risk that panic buying might create shortages. • Only six of the 40 planned international trade agreements have been signed.

The document was published just hours after Theresa May was forced to promise two key votes, allowing MPs the option to reject no deal and to potentially delay Brexit for a short period, following pressure from remain-minded cabinet ministers. The prime minister set out a timetable that includes a vote on her Brexit deal by 12 March; if that fails, a vote the following day to support no deal, and if that also fails, a vote on 14 March on extending article 50. The delay is likely to further agitate the Tory party’s Eurosceptics, with Brexiter ministers including Andrea Leadsom and Liz Truss expressing their frustration over the issue in cabinet on Tuesday morning. Speaking in the House of Commons on Tuesday, May did not specify the length of any delay, saying only that she would prefer it to be the shortest possible. An extension beyond the end of June would involve the UK taking part in the European parliament elections.

[..] The no-deal notice said customs checks alone could cost businesses £13bn a year and that it was impossible to predict the impact of new tariffs. It said this was partly because the government’s communications to businesses and individuals about the need to prepare for no deal had not been effective. [..] The EU, which would treat the UK as a third country in the event of no deal, could impose tariffs of 70% on beef exports, 45% on lamb and 10% on cars, it said. “This would be compounded by the challenges of even modest reductions in flow at the border.”

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Absolutely fabulous.

The UK Doesn’t Have The Right Pallets For Exporting To The EU (BI)

The UK government is due to hold emergency talks with industry leaders on Tuesday after discovering that the country doesn’t have the right pallets to continue exporting goods to the European Union if it leaves without a deal next month. Under strict EU rules, pallets – wooden or plastic structures that companies use to transport large volumes of goods – arriving from non-member states must be heat-treated or cleaned to prevent contamination and have specific markings to confirm that they meet standards. Most pallets that British exporters are using do not conform to the rules for non-EU countries, or “third countries,” as EU member states follow a much more relaxed set of regulations.

The Department for Environment, Food, and Rural Affairs last week told business leaders that the UK would not have enough EU-approved pallets for exporting to the continent if it leaves without a withdrawal agreement next month. That means UK companies would be competing for a small number of pallets that meet EU rules, and those that miss out would be forced to wait for new pallets, which could take weeks to be ready. DEFRA has arranged for a conference call on Tuesday morning to discuss the pallet shortage, with 31 days until Brexit day on March 29. “It is the tiny, procedural, mundane-seeming stuff that will absolutely trip people up,” one industry figure briefed by Theresa May’s government told Business Insider, adding that the country was “not even remotely ready” for a no-deal Brexit.

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Chavez is the guy US intelligence have been chasing for so long, and still trying to get at after his death.

Got to love the man quoting world literature. Also because in the next article, Nomi Prins does the same.

The War on Venezuela is Built on Lies (Pilger)

Travelling with Hugo Chavez, I soon understood the threat of Venezuela. At a farming co-operative in Lara state, people waited patiently and with good humor in the heat. Jugs of water and melon juice were passed around. A guitar was played; a woman, Katarina, stood and sang with a husky contralto. “What did her words say?” I asked. “That we are proud,” was the reply. The applause for her merged with the arrival of Chavez. Under one arm he carried a satchel bursting with books. He wore his big red shirt and greeted people by name, stopping to listen. What struck me was his capacity to listen. But now he read. For almost two hours he read into the microphone from the stack of books beside him: Orwell, Dickens, Tolstoy, Zola, Hemingway, Chomsky, Neruda: a page here, a line or two there. People clapped and whistled as he moved from author to author.

Then farmers took the microphone and told him what they knew, and what they needed; one ancient face, carved it seemed from a nearby banyan, made a long, critical speech on the subject of irrigation; Chavez took notes. Wine is grown here, a dark Syrah type grape. “John, John, come up here,” said El Presidente, having watched me fall asleep in the heat and the depths of Oliver Twist. “He likes red wine,” Chavez told the cheering, whistling audience, and presented me with a bottle of “vino de la gente.” My few words in bad Spanish brought whistles and laughter. Watching Chavez with the people, la gente, made sense of a man who promised, on coming to power, that his every move would be subject to the will of the people. In eight years, Chavez won eight elections and referendums: a world record. He was electorally the most popular head of state in the Western Hemisphere, probably in the world.

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See? Like Pilger and Chavez, Nomi talks about literature. No space here to do this justice, please go read it. Key point: unlike the poor(er), the rich don’t live off the rewards of labor, but of that of wealth.

Survival of the Richest (Nomi Prins)

In George Orwell’s iconic 1945 novel, Animal Farm, the pigs who gain control in a rebellion against a human farmer eventually impose a dictatorship on the other animals on the basis of a single commandment: “All animals are equal, but some animals are more equal than others.” In terms of the American republic, the modern equivalent would be: “All citizens are equal, but the wealthy are so much more equal than anyone else (and plan to remain that way).” Certainly, inequality is the economic great wall between those with power and those without it. As the animals of Orwell’s farm grew ever less equal, so in the present moment in a country that still claims equal opportunity for its citizens, one in which three Americans now have as much wealth as the bottom half of society (160 million people), you could certainly say that we live in an increasingly Orwellian society.

Or perhaps an increasingly Twainian one. After all, Mark Twain and Charles Dudley Warner wrote a classic 1873 novel that put an unforgettable label on their moment and could do the same for ours. The Gilded Age: A Tale of Today depicted the greed and political corruption of post-Civil War America. Its title caught the spirit of what proved to be a long moment when the uber-rich came to dominate Washington and the rest of America. It was a period saturated with robber barons, professional grifters, and incomprehensibly wealthy banking magnates. (Anything sound familiar?) The main difference between that last century’s gilded moment and this one was that those robber barons built tangible things like railroads.

Today’s equivalent crew of the mega-wealthy build remarkably intangible things like tech and electronic platforms, while a grifter of a president opts for the only new infrastructure in sight, a great wall to nowhere. In Twain’s epoch, the U.S. was emerging from the Civil War. Opportunists were rising from the ashes of the nation’s battered soul. Land speculation, government lobbying, and shady deals soon converged to create an unequal society of the first order (at least until now). Soon after their novel came out, a series of recessions ravaged the country, followed by a 1907 financial panic in New York City caused by a speculator-led copper-market scam.

To fully grasp the nature of inequality in our twenty-first-century gilded age, it’s important to understand the difference between wealth and income and what kinds of inequality stem from each. Simply put, income is how much money you make in terms of paid work or any return on investments or assets (or other things you own that have the potential to change in value). Wealth is simply the gross accumulation of those very assets and any return or appreciation on them. The more wealth you have, the easier it is to have a higher annual income.

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Tyler got his hands on a piece by Michael Every at Dutch Rabobank.

Hey Yellen, It Was Trump Who Was Right (Every)

Rabo are already predicting a US recession in 2020, which will drag many down with it, and as the OECD now warns that swollen corporate debt piles, which central banks have so encouraged, is of ever lower quality and potentially more dangerous than it was back in 2008. 54% of investment grade bonds are now BBB-rated, up from 30% in 2008. The OECD argues “In the case of a downturn, highly leveraged companies would face difficulties in servicing their debt, which in turn, through higher default rates, may amplify the effects…Any developments in these areas will come at a time when non-financial companies in the next three years will have to pay back or refinance about USD4 trillion worth of corporate bonds. This is close to the total balance sheet of the US Federal Reserve.”

Guess what guys? China is right ahead of you on that curve – which is why it is trying to find another whale to nuke ASAP: things are looking truly ugly given many firms can’t even pay the interest on their debt, let alone the principle. And guess what else? That OECD and China warning sounds like an admission of the Minsky debt dynamic that you might have thought all central banks would have to have learned the lessons of post-GFC. Apparently not, however – because they think they already know everything. As former Fed Chair Yellen mocked yesterday, Trump doesn’t understand what the Fed’s dual mandates of price stability and stable employment are. That might well be true.

But was it the Fed or Trump who publicly called out how dangerous continuous Fed rate hikes are in a debt-laden, Minsky-teetering financial system where the yield curve is still inverted 9bps on 1s-5s even after a pause? I think Yellen will find it was Trump who was right and the Fed who was forced into a humiliating and frankly incongruous policy U-turn. So much expertise! Trump also made a similar intervention over oil prices overnight, and once again they dipped, though are opening up strongly this morning in Asia. [..] easy policy in the UK; ultra-easy policy in China; promises of more easing in Japan; an ECB U-turn to come(?); and the Fed on hold and stopping QT soon at least. And that’s with bullish markets and reasonable global growth – just wait until things head south: if all you have is a nuke, everything looks like a whale.

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Every bubble that bursts ends up below its starting level. Nicole had these graphs, Tulip, South Sea etc., that showed just that. This graph doesn’t quite do that.

Now that Housing Bubble #2 Is Bursting…How Low Will It Go? (CHS)

There are two generalities that can be applied to all asset bubbles: 1. Bubbles inflate for longer and reach higher levels than most pre-bubble analysts expected 2. All bubbles burst, despite mantra-like claims that “this time it’s different” The bubble burst tends to follow a symmetrical reversal of very similar time durations and magnitudes as the initial rise. If the bubble took four years to inflate and rose by X, the retrace tends to take about the same length of time and tends to retrace much or all of X. If we look at the chart of the Case-Shiller Housing Index below, this symmetry is visible in Housing Bubble #1 which skyrocketed from 2003-2007 and burst from 2008-2012.

Housing Bubble #1 wasn’t allowed to fully retrace the bubble, as the Federal Reserve lowered interest rates to near-zero in 2009 and bought $1+ trillion in sketchy mortgage-backed securities (MBS), essentially turning America’s mortgage market into a branch of the central bank and federal agency guarantors of mortgages (Fannie and Freddie, VA, FHA). These unprecedented measures stopped the bubble decline by instantly making millions of people who previously could not qualify for a privately originated mortgage qualified buyers. This vast expansion of the pool of buyers (expanded by a flood of buyers from China and other hot-money locales) drove sales and prices higher for six years (2012-2018).

As noted on the chart below, this suggests the bubble burst will likely run from 2019-2025, give or take a few quarters. The question is: what’s the likely magnitude of the decline? Scenario 1 (blue line) is a symmetrical repeat of Housing Bubble #2: a retrace of the majority of the bubble’s rise but not 100%, which reverses off this somewhat higher base to start Housing Bubble #3. Since the mainstream consensus denies the possibility that Housing Bubble #2 even exists (perish the thought that real estate prices could ever–gasp–drop), they most certainly deny the possibility that prices could retrace much of the gains since 2012.

More realistic analysts would probably agree that if the current slowdown (never say recession, it might cost you your job) gathers momentum, some decline in housing prices is possible. They would likely agree with Scenario 1 that any such decline would be modest and would simply set the stage for an even grander housing bubble #3. But there is a good case for Scenario 2, in which price plummets below the 2012 lows and keeps on going, ultimately retracing the entire housing bubble gains from 2003.

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Interesting how Europe smears Putin wherever it can, except where it counts.

Russia’s Share Of European Gas Market Surges To Almost 37%, Dwarfing LNG (RT)

Russia’s state-run energy major Gazprom said its share of sales of natural gas in the European Union has increased to 36.7 percent last year, rising over two percent against 34.2 percent in 2017. “In 2018, according to preliminary data, the share of gas supplies to the EU countries and Turkey has reached an all-time high and totaled 36.7 percent,” the director general of Gazprom Export Elena Burmistrova said at Gazprom’s Investor Day event, taking place in Singapore. Burmistrova added that Gazprom’s gas exports to Europe last year amounted to record 201.8 billion cubic meters, and is expected to significantly grow by 2035 due to the increasing demand.

According to a member of Gazprom’s management committee, Oleg Aksyutin, the company saw no threat to Gazprom’s business in the European market from global producers of liquefied natural gas (LNG), including the US. The company’s gas exports to Europe are reportedly three times more than the amount of LNG shipped to Europe by all global producers combined. Though the share of LNG shipments have been growing, it still makes up only 13 percent of the entire gas market, according to Burmistrova. The executive added that prices for natural gas saw a significant surge. “In 2018, in accordance with linked fuel prices, the average price of Gazprom gas increased by 24.6 percent to $245.5 for 1,000 cubic meters,” she said, stressing that in 2016 it stood at $167.

When it comes to China, one of the world’s biggest energy consumers, Gazprom is planning to become the country’s biggest supplier as soon as 2035, with the company’s share expected to reach 13 percent of Chinese overall consumption by the same year.

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It’s completely insane that any western country would have to do a Hunger Survey. Don’t fall for thinking it’s normal.

UK Hunger Survey To Measure Food Insecurity (G.)

The government is to introduce an official measure of how often low-income families across the UK skip meals or go hungry because they cannot afford to buy enough food, the Guardian can reveal. A national index of food insecurity is to be incorporated into an established UK-wide annual survey run by the Department for Work and Pensions (DWP) that monitors household incomes and living standards. Campaigners, who have been calling for the measure for three years, said the move was “a massive step forward” that would provide authoritative evidence of the extent and causes of hunger in the UK. They say food insecurity is strongly linked to poverty caused by austerity and welfare cuts and is driving widening health inequality.

Food insecurity is generally defined as experiencing hunger, the inability to secure food of sufficient quality and quantity to enable good health and participation in society, and cutting down on food because of a lack of money. The decision, which took campaigners by surprise, was revealed at an informal meeting on Tuesday attended by the DWP, the Office for National Statistics, Public Health England and the Scottish and Welsh governments, as well as a number of food poverty charities. Ministers have for years resisted calls to bring England into line with the US and Canada by measuring food insecurity. Critics said this was to avoid shedding unwanted light on the impact of welfare policy and the public health consequences of being unable to eat regularly or healthily.

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Why the hunger? Here’s why: we feed ourselves with plastics and poison.

Glyphosate Found In 95% Of Wine And Beer (Ind.)

A new study has shown that traces of a commonly-used and possibly cancerous weed killer can be found in the majority of wine and beer. Researches tested five wines and 15 beers from the US, Asia and Europe for traces of pesticide glyphosate. The research found that of the 20 samples, 19 (95 per cent) contained particles of the chemical, including products labelled as organic. The US Public Interest Research Group, which conducted the study, said the levels of the pesticide aren’t necessarily dangerous, but are still concerning. In 2015, the World Health Organisation’s International Agency categorised glyphosate as “probably carcinogenic to humans”, leading the state of California to add it to its list of chemicals that can cause cancer, which makes companies responsible for providing warnings to potential consumers.

The findings of the study coincide with the beginning of a class action lawsuit against Bayer, which acquired Monsanto last year. The suit claims that Roundup caused thousands of plaintiffs to develop non-Hodgkins lymphoma, a type of blood cancer. The first plaintiff, Ed Hardeman, testified this week, alleging that his use of the chemical on his 56 acres of land caused him to develop cancer aged 66. [..] Bayer has not commented on the results of the study, but the researchers are calling for glyphosate to be banned unless it can be proven safe.

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The earth’s weather system is far too complex to draw conclusions from a sunny day. The only things we can say about the climate must be based on long-term stats. This kind of article doesn’t help one bit, it merely points out the author literally doesn’t know what he’s talking about.

Am I The Only One Who’s Terrified About The Warm Weather? (G.)

They were everywhere in London on the weekend. The people in short sleeves or sandals. The ones with sunglasses ostentatiously hanging from the front of their shirts or balanced on top of their heads. The beer gardens and riverside pubs of the capital were heaving; corner shops ran out of ice-cream. Outside it was 17C (62F). Monday was another warm day, without a cloud in the sky, and in the late afternoon the light took on a magical, honey-coloured hue. It brought to mind one of those summer evenings you remember from childhood, when you’d be in the park all day and your parents let you stay out until bedtime, and you felt like you were doing something deliciously naughty just by being there.

Except it isn’t early summer: it’s February. And the entire developed world has not so much been doing something slightly naughty as systematically attacking the global ecosystem over a period of decades, and that’s how we go into this mess. We should try to hold on to this fact as young, posh men the nation over develop a strange delusion that anyone would want to see their elbows; this is not supposed to be happening. Less than a month ago, there was video footage of extreme cold weather coming out of Chicago. Forks supported in midair by suddenly frozen noodles, water poured from kettles instantly freezing on its way to the ground: you know the sort of thing.

OK, that was on the other side of the world, and was extreme and terrifying enough. But at least it was terrifying in the right direction. On Monday, though, the temperature hit 20.3C in Ceredigion, west Wales: the highest February temperature ever recorded in Britain and the first time the thermometer had breached 20C in winter. The BBC weather account tweeted it out with a gif of the sunshine icon and the same excitable breathlessness with which Springwatch would announce it had found a new type of vole. My response contained a single word, repeated seven times. It began with F.

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