Nov 282019
 
 November 28, 2019  Posted by at 9:52 am Finance Tagged with: , , , , , , , , , , ,  13 Responses »


Paul Gauguin Brooding woman 1891

 

Is Censure The Democrat Escape Clause? (Noble)
Tulsi Gabbard Slams Democrats for Calling Trump Supporters ‘Deplorables’ (GP)
China Threatens Retaliation After Trump Signs Hong Kong Democracy Bill (ZH)
Obama Holdover Investigated for ‘Illegally Leaked’ Classified Document (ET)
The Real Barack Obama Has Finally Revealed Himself (Jacobin)
Reuters Gamed A Poll To Show Rising Support For Trump Impeachment (ZH)
Fewer Than 120,000 Tactical Votes Could Block Boris Johnson Premiership (Ind.)
US Wants NHS On Table For Post-Brexit Trade Deal – Labour Dossier (Ind.)
Christopher Steele Distributed Other Dossier Reports (Solomon)
“Russian Trolls” Did Not “Sow Discord” – They Influenced No One (MoA)
Brick & Mortar Rent Meltdown, Manhattan Style (WS)
Merkel Says NATO Is ‘More Important’ Now Than During Cold War (RT)

 

 

Well, censure appears to be the word of the day.

Is Censure The Democrat Escape Clause? (Noble)

Rep. Brenda Lawrence (D-MI) is not one of those who represent a 2016 Trump-voting district. In fact, her safe Democrat district encompasses part of eastern Detroit. Even so, Lawrence has seen the writing on the wall: Among independent voters, enthusiasm for impeachment is waning, and Lawrence – who previously supported the idea – is perhaps now thinking beyond her own chances of re-election. “I will tell you, sitting here knowing how divided this country is,” Lawrence explained Nov. 24 during a radio interview, “I don’t see the value of taking [Trump] out of office, but I do see the value of putting down a marker saying his behavior is not acceptable.”

An editorial, published Nov. 23 by The Detroit News, suggests censure of the president rather than impeachment, and The Chicago Tribune followed suit on Nov. 25. It is neither unfair nor inaccurate to point out that the left-wing media rarely take up a political narrative not preapproved by someone within the Democratic Party. So the sudden appearance of editorials arguing for censure strongly suggests that Democrat strategists are leaning in that direction or at least testing the waters. Unlike impeachment, censure is not a constitutional measure. That is not to say that censure is unconstitutional, but that it is simply a course of action devised by Congress and not described in the nation’s founding document. There is no mandatory consequence to censure, and nobody would suggest that censure could lead to removal from the office of president.

It has been used most often to rebuke or reprimand members of Congress, though Trump, were he censured, would not be the first commander in chief to have faced it. In effect, censure is an act of disapproval. For a member of Congress, it may entail such undesirable consequences as loss of committee memberships or even suspension; it comes with no penalties when used against executive branch officials. And that is how it should be, or the concepts of separation of powers and co-equal branches of government would likely be swept away in an avalanche of partisan censure votes. Both the Senate and the House have the power to censure or reprimand, and each chamber may do it without the approval or involvement of the other. Censure requires only a simple majority. At least some Democrats, surely, are considering how much easier than impeachment censure will be. They also may be considering how a censure resolution will provide the opportunity to pontificate at length – on live TV – about Trump’s moral turpitude and failings, both as a human being and as a president.

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A lone voice in the wilderness: “..you can’t win support from people that you treat “like garbage.”

Tulsi Gabbard Slams Democrats for Calling Trump Supporters ‘Deplorables’ (GP)

Rep. Tulsi Gabbard once again defended supporters of President Donald Trump, as well as her appearances on Fox News, during an interview with Joe Rogan on Tuesday night. The 2020 Democratic presidential candidate said that you can’t lead Americans as president if you’re going to throw “half of them away.” “It’s one thing to say you’re gonna go on Fox News and tussle with Sean Hannity about things you disagree on, but what they see as more dangerous is finding areas where you actually do agree,” Gabbard proclaimed.

“I have a platform to be able to speak to millions of people across the country about the kind of leadership I bring in the area of foreign policy. What I would do here in this country, what I would do there in that country if I were president today. And I have the opportunity to deliver that message directly to people’s living rooms or offices or wherever they are.” Rep. Gabbard was attacked by Sen. Kamala Harris during the November Democratic Primary debate for her willingness to appear on Fox News.

“I think in some of these areas, Tucker and I will disagree on a whole host of things, but on some of these issues of foreign policy he’ll say, ‘Yeah, I agree with you,’” she continued. “And I think when you look at this cancel culture — I was attacked on the debate stage for going on Fox News — how do you think you’re gonna lead this country, all Americans, if you’re completely not only shutting out and not willing to do talk to half the country that watches Fox News, but you’re in fact disrespecting and dismissing them just because they may disagree with you, or they watch a different news channel than you do. I think that’s the bigger issue here, is you know, yeah, there’s a political consequence.” She noted that you can’t win support from people that you treat “like garbage.”

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Trump had no choice, he was outnumbered. China also has no choice, it must respond, but Xi knows what situation Trump is in.

China Threatens Retaliation After Trump Signs Hong Kong Democracy Bill (ZH)

[..] on day 510 of the trade war, it appears the president was confident enough that a collapse in trade talks won’t drag stocks too far lower, and moments after futures reopened at 6pm, the White House said that Trump had signed the Hong Kong bill backing pro-democracy protesters, defying China and making sure that every trader’s Thanksgiving holiday was just ruined.Needless to say, no differences will be “settled amicably” and now China will have no choice but to retaliate, aggressively straining relations with the US, and further complicating Trump’s effort to wind down his nearly two-year old trade war with Beijing.

Trump’s signing of the bill comes during a period of unprecedented unrest in Hong Kong, where anti-government protests sparked by a now-shelved extradition bill proposal have ballooned into broader calls for democratic reform and police accountability. “The Hong Kong Human Rights and Democracy Act reaffirms and amends the United States-Hong Kong Policy Act of 1992, specifies United States policy towards Hong Kong and directs assessment of the political developments in Hong Kong,” the White House said in a statement. “Certain provisions of the act would interfere with the exercise of the president’s constitutional authority to state the foreign policy of the United States.”

The legislation, S. 1838, which was passed virtually unanimously in both chambers, requires annual reviews of Hong Kong’s special trade status under American law and will allow Washington to suspend said status in case the city does not retain a sufficient degree of autonomy under the “one country, two systems” framework. The bill also sanctions any officials deemed responsible for human rights abuses or undermining the city’s autonomy. The House cleared the bill 417-1 on Nov. 20 after the Senate passed it without opposition, veto-proof majorities that left Trump with little choice but to acquiesce, or else suffer bruising fallout from his own party. the GOP.

Trump also signed into law the PROTECT Hong Kong act, which will prohibit the sale of US-made munitions such as tear gas and rubber bullets to the city’s authorities. While many members of Congress in both parties have voiced strong support for protesters demanding more autonomy for the city, Trump had stayed largely silent, even as the demonstrations have been met by rising police violence. Until now.

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A tangled web.

Obama Holdover Investigated for ‘Illegally Leaked’ Classified Document (ET)

The Obama holdover heading the Pentagon office reportedly under investigation by the U.S. attorney who is conducting the criminal probe of the Trump–Russia investigation was accused of leaking a classified document, in a recent court filing for retired Lt. Gen. Michael Flynn. The connection hasn’t been previously reported. According to a Nov. 21 report by independent journalist Sara Carter, U.S. Attorney John Durham is questioning personnel in the Pentagon’s Office of Net Assessment (ONA). ONA awarded about $1 million in contracts to FBI informant Stefan Halper, who appears to have played a key role in alleged U.S. intelligence agency spying on 2016 Trump campaign advisers Carter Page and George Papadopoulos.

In addition, however, a court filing indicates that ONA’s director, James H. Baker, “is believed to be the person who illegally leaked the transcript of Mr. Flynn’s calls” to The Washington Post. Specifically, the filing states, “ONA Director Baker regularly lunched with Washington Post Reporter David Ignatius.” The filing adds that Baker “was Halper’s ‘handler’” at ONA. Moreover, according to the court filing, the tasks assigned to “known long-time operative for the CIA/FBI” Halper “seem to have included slandering Mr. Flynn with accusations of having an affair with a young professor (a British national of Russian descent).” The filing notes that Flynn’s defense team has requested phone records for then-Director of National Intelligence James Clapper, likewise in order to confirm contacts with Ignatius.

The filing singles out records for Jan. 10, 2017, when, according to the filing, “Clapper told Ignatius in words to the effect of ‘take the kill shot on Flynn.’” The Pentagon’s current inspector general has already found that Baker’s office “did not maintain documentation of the work performed by Professor Halper or any communication that ONA personnel had with Professor Halper.” As a result, according to the inspector general, ONA staff “could not provide sufficient documentation that Professor Halper conducted all of his work in accordance with applicable laws and regulations.”

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Quite the attack.

The Real Barack Obama Has Finally Revealed Himself (Jacobin)

What does Barack Obama want? To ask the question is both to wonder how one of the world’s most influential people chooses to dedicate his time and to consider to what ends he thinks it is best put to use. As Nathan Robinson and I argued a little more than two years ago, a post-presidency offers us the ideal heuristic for doing exactly that. In office, or so it has often been suggested, Obama’s fiery progressive spirit was endlessly stifled by a combination of events, GOP obstruction, and the inherent conservatism of the American legislative process. Having left such constraints behind, many believed, post-2016 Obama would now be free to do just about anything he wanted — meaning that the former president’s real self could finally surface from beneath the depths of institutional necessity under which it had hitherto been submerged.

This prediction turned out to be true enough, just not in the way many Obama partisans assumed. Equipped with fame, wealth, and a vast reservoir of residual goodwill Obama now has more power to do good in an hour than most of us do in a lifetime. The demands of etiquette and propriety notwithstanding, he no longer has intransigent Blue Dog senators to appease, donors to placate, or personal electoral considerations to keep him up at night. When he speaks or acts, we can be reasonably certain he does so out of sincere choice and that the substance of his words and actions reflect the real Barack Obama and how he honestly sees the world.

It therefore tells us a great deal that, given the latitude, resources, and moral authority with which to influence events, Obama has spent his post-presidency cozying up to the global elite and delivering vapid speeches to corporate interests in exchange for unthinkable sums of money. Though often remaining out of the spotlight, he has periodically appeared next to various CEOs at events whose descriptions might be read as cutting satire targeting the hollowness of business culture if they weren’t all-too real. As the world teeters on the brink of ecological disaster, he recently cited an increase in America’s output of oil under his administration as a laudable achievement.

When Obama has spoken about or intervened in politics, it’s most often been to bolster the neoliberal center-right or attack and undermine the Left. Having emerged from seclusion to endorse the likes of Emmanuel Macron and Justin Trudeau, Obama also rang up Britain’s austerity-loving Conservative prime minister Theresa May on election night in 2017 to offer reassurance and trash the Labour Party’s electoral prospects. Only last week, while denouncing the Democratic Party’s “activist wing,” the former president who had once introduced himself to the nation as a progressive, community-minded outsider inveighed against those pushing for a more ambitious direction — contemptuously instructing a group of wealthy donors not to concern themselves too-much with the irrational zealotry of “certain left-leaning Twitter feeds.”

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Why do we still have polls left? What purpose do they serve other than entertainment?

Reuters Gamed A Poll To Show Rising Support For Trump Impeachment (ZH)

After several major polls revealed a sharp decline in support for impeaching President Trump in the wake of unconvincing public testimony by aggrieved bureaucrats (and at least one House Democrat publicly opposing the move), Reuters/Ipsos now claims support for impeachment has increased. “The latest poll, conducted on Monday and Tuesday, found that 47% of adults in the United States felt Trump “should be impeached,” while 40% said he should not. The result, combined with Reuters/Ipsos polling over the past several weeks, showed that the number of Americans who want to impeach the president increasingly outnumbers those who do not.” -Reuters The problem? Reuters sampled a disproportionate number of Democrats. Buried at the bottom of their report, they disclose:

“The Reuters/Ipsos poll was conducted online, in English, throughout the United States. It gathered responses from 1,118 adults, including 528 Democrats, 394 Republicans and 111 independents. It has a credibility interval, a measure of precision, of 3 percentage points.” In other words, Reuters sampled more Democrats than Republicans and independents combined to arrive at their conclusion. They also reveal that ” about eight in 10 Democrats [were] supportive of impeaching Trump, and eight in 10 Republicans opposed,” and that seven in 10 Republicans felt the House impeachment inquiry had not been conducted fairly. As we noted during the 2016 US election, Reuters/Ipsos wasoversampling Democrats when they found that Hillary Clinton had a giant lead over Donald Trump – using a poll that sampled 44% Democrats and 33% Republicans.

But hey, Adam Schiff needs something to back his claim that support for impeachment has grown “dramatically” over the past two months.

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And here’s another poll. Does anyone fully understand this system?

Fewer Than 120,000 Tactical Votes Could Block Boris Johnson Premiership (Ind.)

Fewer than 120,000 anti-Brexit tactical votes in the right seats could deny Boris Johnson an overall majority in the House of Commons, new polling suggests. A large-scale survey of almost 40,000 voters found that Conservatives are heading for 366 seats in the House of Commons, giving Mr Johnson a comfortable majority of 82. But analysis for the Best for Britain campaign for a second EU referendum found that in 57 seats, the Tory candidate could be defeated by 4,000 or fewer anti-Brexit voters voting tactically. And the campaign said that as few as 117,314 pro-EU tactical votes in the right seats could produce a hung parliament which could deliver a Final Say referendum.

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Scary enough fpr you?

US Wants NHS On Table For Post-Brexit Trade Deal – Labour Dossier (Ind.)

US negotiators pushed for “full market access” to services including the NHS in talks on a post-Brexit free trade deal with the UK, a cache of leaked documents has revealed. The papers were dramatically unveiled by Labour leader Jeremy Corbyn, who said they left “in tatters” the prime minister’s denial that the NHS will be on the table in trade talks. The 451-page dossier of official files showed the US had “pushed hard” to extend patents on drugs developed by American corporations in a way which would raise prices to NHS patients. A UK negotiator said such a move could put Britain “in difficult territory”.

And the dossier made clear that the US has been “emphatic” in its insistence that climate change should not even be mentioned in the deal, which Boris Johnson wants to strike as soon as possible after the UK leaves the European Union. But furious Conservatives accused Mr Corbyn of “out-and-out lying” and suggested he was peddling conspiracy theories in a bid to distract attention away from his difficulties over antisemitism allegations and Labour’s plans for Brexit and taxation. Mr Johnson dismissed the Labour leader’s claims as “total nonsense”, and said: “I can give you an absolute cast-iron guarantee that this is a complete diversion. That the NHS under no circumstances would be on the table for negotiation, for sale.”

[..] After a slew of bad headlines about his refusal to apologise for his handling of antisemitism during a TV interview on Tuesday, Mr Corbyn came back fighting with the claim that Mr Johnson’s government was “preparing to sell our NHS”. He pointed to details in the dossier which showed that the US was pushing for a deal in which all services would be opened up to American companies unless they were specifically exempted. “Total market access” should be the “baseline assumption of the trade negotiations” because it “incentivises freer trade”, the dossier said. UK officials assured their US counterparts that Britain would be “a liberalising influence” and that together they could “fly the good flag for services liberalisation”.

“That’s a green light for breaking open Britain’s public services so corporations can profit from them,” said Mr Corbyn. And he warned: “The US is demanding that our NHS is on the table in negotiations for a toxic deal – it’s already being talked about in secret. That could lead to runaway privatisation of our health service. “Mega-corporations see Johnson’s alliance with Trump as a chance to make billions from the illness and sickness of people in this country. “And if the Conservatives have their way and this deal goes forward, the changes I’ve revealed will be almost irreversible.”

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A foreigner paid for dirt on a political opponent. What do we call that?

Christopher Steele Distributed Other Dossier Reports (Solomon)

Just before Christmas 2015, the British intelligence operative Christopher Steele emailed a report to private clients that included an American lawyer for a Ukrainian oligarch. The title of the dossier was “FIRTASH Abortive Return to Ukraine,” and it purported to provide intelligence on why the energy oligarch Dmitri Firtash tried, but failed, to return to his home country of Ukraine. “FIRTASH’s talk of returning to Ukraine a genuine ambition rather than merely a ruse to reveal Ukrainian government’s hand. However the oligarch developed cold feet upon the news of a negative reception at Boryspil airport,” Steele reported on Dec. 23, 2015.

Perhaps most important to the recipients, the former MI6 agent’s report purported to share the latest thinking of Russian and U.S. officials on Firtash, who at the time faced U.S. criminal charges and was awaiting extradition from Austria. Those charges and extradition remain unresolved four years later. Firtash insists on his innocence, while the U.S. government stands by it case despite recent criticism from Austrian and Spanish authorities. “The prevarication over his return has lost FIRTASH credibility with the Russians, but his precarious position in Austria leaves him little choice but to acquiesce with Moscow’s demands,” the Steele report claimed. “Separate American sources confirm that US Government regards FIRTASH as a conduit for Russian influence and he remains a pariah to the Americans.”

The anecdote of the Firtash report underscores that challenges the FBI faced when it used Steele in 2016 as a human source in the Russia collusion probe. He not only opposed Trump and was paid by Hillary Clinton’s opposition research firm to dig up dirt on the then-GOP nominee, he also was in the business of selling intelligence to private clients – all perfectly legal — while informing for the FBI.

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Robert Mueller gave it away.

“Russian Trolls” Did Not “Sow Discord” – They Influenced No One (MoA)

The U.S. has claimed that the Russia government tried to influence the 2016 election through Facebook and Twitter. Russia supposedly did this through people who worked the Internet Research Agency (IRA) in St. Petersburg (Leningrad), Russia. The IRA people ran virtual persona on U.S. social networks which pretended to have certain political opinions. It also spent on advertising supposedly to influence the election. U.S. intelligence claimed that the purpose of the alleged Russian influence campaign was to “sow discord” within the United States. But the IRA had nothing to do with the Russian government. It had no interests in politics. And a new study confirms that the idea that it was “sowing discord” is blatant nonsense.


IRA influencer

The Mueller investigation indicted 13 Russian persons and three Russian legal entities over the alleged influence campaign. But, as we wrote at that time, there was more to it than the media reported: “The published indictment gives support to our long held believe that there was no “Russian influence” campaign during the U.S. election. What is described and denounced as such was instead a commercial marketing scheme which ran click-bait websites to generate advertisement revenue and created online crowds around virtual persona to promote whatever its commercial customers wanted to promote. The size of the operation was tiny when compared to the hundreds of millions in campaign expenditures. It had no influence on the election outcome.”

The IRA hired people in Leningrad for little money and asked them to open accounts on U.S. social media. The virtual persona they created and ran were to attract as many persons to those accounts as possible. They did that by posting funny dog pictures or by taking strong political positions. They were ‘influencers’ who sold their customers’ products to the people they attracted. The sole purpose was the same as in any commercial media. Create content to attract ‘eyeballs’, then sell those eyeballs to advertisers.

The IRA also bought advertisement to attract more people to its accounts. But the amount it spent was tiny. The final price tag for the 2016 election was $6.5 billion for the presidential and congressional elections combined. The IRA spend a total of $100,000 to promote its own accounts. But only some $45,000 of that was spend before the election. It was 0.000007 cent for every election dollar that was spend during that time. It is statistically impossible that the mostly apolitical IRA spending had any effect on the election.

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Not the same all over Manhattan, but the trend is there.

Brick & Mortar Rent Meltdown, Manhattan Style (WS)

These are major shopping corridors in Manhattan, and in nearly all of them, asking rents for ground-floor retail space have been dropping for years – and in some of them by half. For example, the average asking rent on Madison Avenue between 57th Street and 72nd Street, plunged 22% in the second half of 2019, compared to the same period last year, to $906 per square foot per year, and is down 47% from the first half in 2015, according to the bi-annual Manhattan Retail Report released today by the Real Estate Board of New York. The REBNY report points out, “An increased amount of leases expiring has contributed to the high availability rates [meaning, vacancies] that has led owners to lower asking rents and offer more short-term lease agreements.”

Falling asking rents and better terms in the Madison Avenue corridor – better deals for prospective tenants – help bring out prospective tenants, according to the report: “Softening rents has led to increased absorption as recent leases consist of retailers relocating to smaller-sized storefronts with better co-tenancy. Notables tenants such as Akris, Mont Blanc, and Morgane Le Fay indicate that apparel tenants still dominate this corridor.” The report is entirely focused on ground-floor retail spaces. Of the 17 shopping corridors in Manhattan tracked by the REBNY, average asking rents fell in 11 of them. But since 2015, asking rents in all but three of them have dropped sharply.

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The true colors of Mutti.

Merkel Says NATO Is ‘More Important’ Now Than During Cold War (RT)

German Chancellor Angela Merkel said NATO is now equally or more important than it was during the Cold War, a praise being sang to a military bloc long without its arch-rival and with a history of interventions.
East Germany native Angela Merkel provided her very complimentary take as NATO braces to mark their 70th anniversary at a special summit in London. Keeping the military bloc in place today “is even more in our very own interests as it was in the Cold War – or at least as important as it was in the Cold War,” the Chancellor told German MPs. “Because, and the Foreign Minister [Heiko Maas] said yesterday, Europe currently cannot defend itself on its own,” she reiterated.

Slightly contradicting her own words, the chancellor admitted that the US “no longer automatically takes up responsibility when it’s burning around us.” As the formal etiquette prescribes, Merkel called NATO a “bulwark for peace and freedom” over the past 70 years, without highlighting the bloc’s war on former Yugoslavia and the 2011 bombardments of Libya. The German leader has recently locked horns with France’s Emmanuel Macron over his famous “NATO’s brain death” remark that sent shockwaves through European elite circles. Macron’s “drastic words” were “unnecessary, even if we do have problems and must get it together,” Merkel complained at the time.

Rebuking Macron was also NATO Secretary General Jens Stoltenberg, who said last week that “European unity cannot replace Transatlantic unity as we need both … especially after Brexit.” But bringing the 70-year-old alliance together is increasingly becoming a challenge for its members. On the latest occasion, Turkey – a country that has one of NATO’s largest standing armies – refused to sign a new defense plan for the eastern European countries, according to Reuters.

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Clive James died yesterday.

 

 

 

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Nov 272019
 


Margaret Bourke-White Beach Accident, Coney Island, Brooklyn, NY 1951

 

The House Will Not Vote On Impeachment. It Will Censure Trump (MoA)
The One Terrific Impeachment Defense The White House Is Not Making (DW)
Obama Privately Said He Would Speak Up To Stop Sanders (Hill)
MSNBC Doesn’t Try To Hide ‘Contempt’ Towards Gabbard (Hill)
China Risks Losing Its Financial Window On The World (G.)
More Than Half Of China’s Banks Fail Central Bank Stress Test (ZH)
Boeing’s Problems Mount As FAA Vows To Ramp Up 737 MAX Oversight (BI)
Is Macron Right? Is NATO, 70, Brain Dead? (Buchanan)
Questions Cloud Story Behind Browder, Magnitsky (Spiegel)
Narrative Managers Faceplant In Hilarious OPCW Scandal Spin Job (CJ)
A Tale of Prince Andrew and Julian Assange (George Galloway)

 

 

Sounds logical. Will logic decide this though? It doesn’t seem to have had much influence so far.

The House Will Not Vote On Impeachment. It Will Censure Trump (MoA)

If more Democratic swing-state representatives defect from the impeachment camp, which seems likely, House Speaker Nancy Pelosi will have a big problem. How can she proceed?
• If the House votes down impeachment Donald Trump wins.
• If the House holds no vote on the issue Donald Trump wins.
• If the House votes for censure Donald Trump will have won on points and the issue will be over.
• If the House votes for impeachment the case goes to the Senate for trial.

The Republican led Senate has two choices:
• It can decide to not open an impeachment trial by simply voting against impeachment. Trump wins.
• It can open a impeachment trial, use it to extensively hurt the Democrats and, in the end, vote against impeachment. Trump wins big time.

Should the House vote for impeachment the Senate is likely to go the second path. During impeachment the whole Senate sits as the High Court. The House of Representatives sends ‘managers’ who act as prosecutors. The chief justice of the U.S. presides. A vote for impeachment at the end of the trial requires a two-third majority. The Republican majority in the Senate could use such a trial to bring disarray into the Democrats’ primary. Elizabeth Warren, Bernie Sanders, Kamala Harris, Cory Booker, Amy Klobuchar and Michael Bennet are all senators and Democratic primary candidates. They would probably have to stop campaigning to attend the trials. Another leading Democratic candidate would be a top witness.

The Republican senators would immediately call up a number of people for questioning. These would include Joe Biden, Hunter Biden, his business partner Devon Archer, John Kerry who was Secretary of State when Biden intervened for Burisma owner Mykola Zlochevsky and of course the CIA spy and (not-)whistleblower Erik Ciaramella. It would also be of interest to hear how deep the former CIA director John Brennan was involved in the issue. The Senators could use the impeachment trial to dig into all the crimes the Democrats under Obama committed in Ukraine. They would concentrate not on the Maidan coup but on the aftermath when the deals were made. There surely is a lot of dirt out there and it is not only Joe Biden’s.

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Free speech.

The One Terrific Impeachment Defense The White House Is Not Making (DW)

As Texans will certainly remember, then-Governor Rick Perry was indicted in 2014 by a grand jury for abusing his official capacity when he threatened to withhold $7.5 million in funding for the Travis County district attorney’s Public Integrity Unit unless the district attorney, who had previously been convicted of drunk driving and subsequently incarcerated, resigned. Sounds a lot like a quid pro quo, no? At the time, the special prosecutor’s operative legal theory required that the First Amendment not protect a governmental actor’s right to threaten taking a lawful action in order to attain a preferred political outcome. If the special prosecutor were wrong, then Governor Perry’s attempted quid pro quo would hardly be illegal at all — it would actually be constitutionally protected speech.

At the time, powerful and ideologically diverse group of attorneys argued that the special prosecutor sought to criminalize constitutionally protected speech. The group included right-leaning legal luminaries such as law school professors Eugene Volokh and former Judge Michael McConnell, as well as former U.S. Attorney General Michael Mukasey. The group also includes historically liberal-leaning First Amendment scholars, such as Floyd Abrams and Alan Dershowitz. The counsel of record on this notable amicus brief was then-private attorney James C. Ho — for whom, in the interest of full disclosure, I served as a law clerk upon his successful nomination as a judge on the U.S. Court of Appeals for the Fifth Circuit.

The amicus brief argued that “[a] political official has the right to threaten to perform an official act in order to persuade another government official to engage in some other official act.” It continued: “That is not a crime — it is core political speech.” Governor Perry’s quid pro quo with respect to withholding funds from the Travis County district attorney’s Public Integrity Unit, the brief contended, “is protected free expression, and the [g]overnor cannot be prosecuted for it.” The Texas Court of Criminal Appeals, which is the Lone Star State’s highest court for criminal cases, agreed. “[P]ublic servants have a First Amendment right to engage in expression, even threats, regarding their official duties,” the Court held. “Many threats that … public servants make as part of the normal functioning of government” would be criminalized under the special prosecutor’s legal theory, the Court continued.

The Court’s rationale is not even remotely partisan or political; it is pure logic and common sense. Quid pro quos routinely happen in politics as a day-to-day reality of politics. Before issuing his DAPA executive amnesty, President Barack Obama consistently threatened to use his “pen and phone” if Congress did not take the legislative action he desired. Unruly congressmen often have their committee assignments threatened by committee chairmen if they fail to vote in accordance with congressional leadership’s desires. Heck, does anyone think that neither House Speaker Nancy Pelosi (D-CA) nor Senate Majority Leader Mitch McConnell (R-KY) engages in dozens of quid pro quos on a weekly basis as a rudimentary requirement of executing their chamber-wide leadership jobs?

The Trump impeachment defense should adopt this line of argumentation. How on earth can the president of the United States be impeached for engaging in constitutionally protected speech? How on earth can the president’s deployment of constitutionally protected speech, in the context of foreign policy, amount to an “abuse or violation of some public trust” that merits impeachment less than one year away from a presidential election?

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Oh boy: “..we have a field of very accomplished, very serious and passionate and smart people..”

Obama Privately Said He Would Speak Up To Stop Sanders (Hill)

President Obama privately said he would speak up to stop Sen. Bernie Sanders (I-Vt.) from becoming the Democratic presidential nominee, Politico reported Tuesday. The former president reportedly said if Sanders held a strong lead in the Democratic primary, he would speak out to prevent him from becoming the nominee. A close adviser to Obama told Politico he could not confirm whether Obama would stand up against Sanders. “He hasn’t said that directly to me,” the adviser said. “The only reason I’m hesitating at all is because, yeah, if Bernie were running away with it, I think maybe we would all have to say something. But I don’t think that’s likely. It’s not happening.”


An Obama spokesperson, when asked about his previous comments on Sanders, referred to the president’s past comments that he would back whomever became the Democratic nominee. “Look, we have a field of very accomplished, very serious and passionate and smart people who have a history of public service, and whoever emerges from the primary process I will work my tail off to make sure that they are the next president,” Obama said earlier this month, according to his spokesperson.

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This must be the weirdest poll graph I’ve ever seen.

MSNBC Doesn’t Try To Hide ‘Contempt’ Towards Gabbard (Hill)

Progressive journalist Michael Tracey claimed Tuesday that MSNBC is has dropped all pretenses for their “contempt” towards Rep. Tulsi Gabbard (D-Hawaii). The political news contributor said the left-leaning network has treated her fellow 2020 Democratic candidates, including businessman Andrew Yang and Sen. Bernie Sanders (I-Vt.) unfairly, but he argued that with Gabbard it, “crosses a certain threshold.” “Fundamentally they’re beholden to whatever the market incentives are and right now it’s within their market interests to depict Tulsi as an infiltrator, as a Trojan horse in the Democratic Party and not deal on the substance with what she’s saying which is why over and over again they tar her as a Russian plant essentially,” Tracey told Hill.TV.


“There’s nobody who can really offer any kind of countervailing view because it’s just not economically advantageous for them at this point,” he added. Tracey pointed to a fiery exchange between Gabbard and Sen. Kamala Harris (D-Calif.) during last week’s 2020 primary debate as a prime example. During the debate, Harris accused Gabbard of being a conservative media darling and consistently going on Fox News to bash President Obama during his tenure. “I think that it’s unfortunate that we have someone on this stage who is attempting to be the Democratic nominee for president of the United States, who, during the Obama administration, spent four years full-time on Fox News criticizing President Obama,” Harris said. Gabbard dismissed the criticism, calling it “ridiculous.”

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I think Hong Kong is a lot more than a “financial window”. It feels like China would be blind without it.

China Risks Losing Its Financial Window On The World (G.)

[..] although the leisure sector may have landed in the rough, the decision by the US Congress to pass the Hong Kong Human Rights and Democracy Act could represent a more significant long-term threat to the territory’s economic fortunes. The bill has infuriated Beijing as an “intervention” in its affairs but despite the delicate stage of US-China trade talks, Donald Trump is expected to sign the legislation because of its near-unanimous backing in Congress. The bill means the US would make an annual check that Hong Kong has sufficient autonomy from Beijing to qualify for the special US trading consideration that bolsters its status as a world financial centre. It also gives officials the power to levy sanctions against officials responsible for human rights violations in Hong Kong.

A second bill, which the Senate also approved unanimously on Tuesday, would ban the export of certain crowd-control munitions to Hong Kong authorities. George Magnus, the former chief economist of the investment bank UBS and now an associate of the London School of Economics’s IDEAS thinktank, said the legislation was potentially damaging for China. “Hong Kong is China’s financial window on the world, and vice versa. The territory lends China capital, clout and kudos. All of this is now at risk.” The consultancy Capital Economics said the bills highlighted a growing feeling that Hong Kong’s autonomy was “deteriorating” and could persuade some firms to look for new accommodation in east Asia. “The bill itself would not directly reduce the territory’s international status unless other countries follow suit,” Capital said this week.


“But it could lead the large number of foreign firms operating in the city to increasingly focus their energy on other Asian financial centres with less uncertain outlooks.” [..] with most experts agreed that Beijing will not back down and allow Carrie Lam’s government to give concessions to the pro-democracy groups, it is hard to see how the situation can be resolved quickly and pull the economy back from a disastrous, prolonged recession. Dan Harris, a lawyer at the Seattle firm of Harris Bricken who has done business in the region for decades, says the ongoing protests mean Hong Kong as an international financial centre is “no more”. “It’s finished as an international business centre because it was based on trust, safety and the rule of law and that’s all gone. Companies are looking to leave. No one is thinking of moving in,” he said.

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There are bank runs, small ones for now.

More Than Half Of China’s Banks Fail Central Bank Stress Test (ZH)

[..] with less income from lending and without the full suite of funding options available to much larger peers, the interest rates that China’s legion of small banks may have to offer to attract deposits could further undermine their stability. The irony is that to preserve their critical deposit base, small banks have to hike deposit rates even higher to stand out, in the process sapping their own lifeblood and ensuring their self-destruction, or as we dubbed it earlier, China’s own version of Europe’s “doom loop.” Dai Zhifeng, a banking analyst with Zhongtai Securities, told Reuters the funding difficulties risked distorting small banks’ behavior, making failure even more likely: “Lacking core competitiveness, some of them have turned to high-risk, short-sighted operations,” he said, adding that a liquidity crunch was possible at some institutions.


But for a nation with a $40 trillion financial system, double the size of US banks, and well over 4,000 small, medium and massive, state-owned banks, here please recall that the 4 largest banks in the world are now Chinese:• ICBC: $4TN • China Construction: $3.4TN • Agri Bank of China: $3.3TN • Bank of China: $3.1TN … the question how many banks will fail in the near future, is especially relevant not only for China but for the entire world. Luckily, we got an answer from none other than China’s central bank, which on Monday said that China’s banking sector is “showing signs of strain”, with more than 13% of 4,379 lenders now considered “high risk” by the central bank. In other words, take the 5 banks listed above which either suffered a bank run and/or were bailed out or nationalized, and add to them over 500 which are about to suffer the same fate.

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Full control of the process is the only thing the FAA could do. They are co-responsible for the entire crisis.

Boeing’s Problems Mount As FAA Vows To Ramp Up 737 MAX Oversight (BI)

The FAA said on Tuesday that it planned to exercise full control over all aspects of certification of Boeing’s 737 Max, even once the plane returns to commercial service. Relatively routine activities, such as certifying individual airplanes as they roll off the production line — as opposed to certifying the overall type of plane — will be performed by FAA officials, an agency spokesperson told Business Insider. Normally, routine day-to-day activities like certifying individual planes of an already certified type — the issuing of Airworthiness Certificates — which are among the final phases of the manufacturing process, are delegated to the planemaker.

Additionally, the likelihood of the plane being cleared to fly in 2019 was cast into further doubt, as was the possibility of Boeing resuming deliveries of completed planes to airline customers before the plane was fully cleared to reenter commercial service, according to The Air Current, an aviation industry publication. Boeing had stated earlier this month that it expected to resume deliveries in December, and for the plane to be fully cleared to fly again in January. However, it was not clear whether airline customers would accept delivery of the plane while it was not allowed to carry passengers.


“The FAA notified Boeing today that the agency will retain authority over the issuance of Airworthiness Certificates for all newly manufactured 737 MAX aircraft,” the FAA said in a statement. “This action is in line with Administrator Steve Dickson’s commitment that the agency fully controls the approval process for the aircraft’s safe return to service.” [..] “The FAA has not completed its review of the 737 MAX aircraft design changes and associated pilot training. The agency will not approve the aircraft for return to service until it has completed numerous rounds of rigorous testing. The FAA will take all the time it needs,” the agency added.

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NATO is a monster that has taken on a life of its own because of arms manufacturers.

Is Macron Right? Is NATO, 70, Brain Dead? (Buchanan)

During the Cold War, NATO enjoyed the widespread support of Americans and Europeans, and understandably so. The USSR had 20 divisions in Germany, surrounded West Berlin, and occupied the east bank of the Elbe, within striking distance of the Rhine. But that Cold War is long over. Berlin is the united free capital of Germany. The Warsaw Pact has been dissolved. Its member states have all joined NATO. The Soviet Union split apart into 15 nations. Communist Yugoslavia splintered into seven nations. As a fighting faith, communism is dead in Europe. Why then are we Americans still over there?

Since the Cold War, we have doubled the size of NATO. We have brought in the Baltic republics of Estonia, Latvia and Lithuania but not Finland or Sweden. We have committed ourselves to fight for Slovenia, Croatia, Albania and Montenegro but not Serbia, Bosnia or North Macedonia. Romania and Bulgaria are NATO allies but not Moldova or Belarus. George W. Bush kept us out of the 2008 Russia-Georgia clash over South Ossetia and Abkhazia. And Barack Obama refused to send lethal aid to help Ukraine retrieve Crimea, Luhansk or Donetsk, though Sen. John McCain wanted the United States to jump into both fights. In the House Intel Committee’s impeachment hearings, foreign service officers spoke of “Russian aggression” against our Ukrainian “ally” and our “national security” being in peril in this fight.


But when did Ukraine become an ally of the United States whose territorial wars we must sustain with military aid if not military intervention? When did Kyiv’s control of Crimea and the Donbass become critical to the national security of the United States, when Russia has controlled Ukraine almost without interruption from Catherine the Great in the 18th century to Mikhail Gorbachev in the late 20th century? Among the reasons Trump is president is that he raised provocative questions about NATO and Russia left unaddressed for three decades, as U.S. policy has been on cruise control since the Cold War. And these unanswered questions are deadly serious ones.

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Yes, it takes a group of Germans to probe how Americans fell for Browder. And for their own Deep State, which used the story because RussiaRussia.

Questions Cloud Story Behind Browder, Magnitsky (Spiegel)

There are two versions of what happened to Magnitsky. The more well-known version has all the makings of a conspiracy thriller. It’s been repeated in thousands of articles, TV interviews and in parliamentary hearings. In this version of the story, the man from the Moscow cemetery fought nobly against a corrupt system and was murdered for it. The other version is more complicated. In it, nobody is a hero. The first version has had geopolitical implications. In 2012, the United States passed the Magnitsky Act, which imposed sanctions against Russian officials who were believed to have played a role in his death. The measure was signed into law by then-President Barack Obama after receiving a broad bipartisan majority.

Back then, if there was one thing that politicians on both sides of the aisle could agree on, it was their opposition to a nefarious Russian state. In 2017, Congress passed the Global Magnitsky Act, which enabled the U.S. to impose sanctions against Russia for human rights violations worldwide. The facilitator behind these pieces of legislation is Bill Browder, Magnitsky’s former boss in Moscow. “When he was put to the ultimate test, he became the ultimate hero,” Browder says of Magnitsky. Browder was born in the U.S.. For years, his company, Hermitage Capital Management, was one of the largest foreign investors in Russia. At the time, Browder was an advocate for Russian President Vladimir Putin in the West. That is, until he was prohibited from entering Russia in 2005.

[..] Browder tells a gripping story of how Magnitsky, the whistleblower, is believed to have died. This narrative is his ticket into the political sphere. It’s why he’s received by members of parliament, diplomats and human rights activists alike, often with open arms. They support his push for more legislation because they see it as setting an important precedent: Corrupt regimes all over the world that are violating their citizens’ rights must be held accountable and made to suffer consequences in the form of entry bans and frozen accounts as laid out by the Global Magnitsky Act. The law makes it more difficult, if only slightly, for autocrats to sneer at and ignore human rights.

But there’s another version of the Magnitsky saga, one that is more contradictory than Browder’s telling and more difficult to summarize. The legal documents that underpin it fill dozens of binders, not only in Moscow, but also in London and New York. After sifting through thousands of pages, one might begin to wonder: Did the perfidious conspiracy to murder Magnitsky ever really take place? Or is Browder a charlatan whose story the West was too eager to believe?

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Now dig into Bellingcat’s role in MH17.

Narrative Managers Faceplant In Hilarious OPCW Scandal Spin Job (CJ)

Before we begin I should highlight that Bellingcat is funded by the National Endowment for Democracy, which according to its own cofounder was set up to do overtly what the CIA had previously been doing covertly, namely orchestrating narrative management geared toward the elimination of governments which refuse to comply with US interests. NED is funded directly by the US government, which means that Bellingcat is funded by the US government via an organization set up to promote imperialist regime change agendas. Bellingcat is also funded by Open Society Foundations, another imperialist narrative management operation.

[..] Bellingcat’s latest phenomenal report on how you’re supposed to think about important geopolitical disputes, titled “Emails And Reading Comprehension: OPCW Douma Coverage Misses Crucial Facts”, addresses the leaked OPCW email which was recently published by WikiLeaks and various other outlets revealing that the OPCW omitted crucial information from its Douma report which indicated that a chemical weapons attack was unlikely to have occurred. I encourage you to go and check out Bellingcat’s new masterpiece for yourself. Don’t worry about giving them clicks; that’s not where they get their money.

The first thing you’ll notice about Bellingcat’s article is that at no point does it even attempt to address the actual inflammatory comments within it, such as the OPCW whistleblower’s assertion that the samples tested where a chlorine gas attack is alleged to have occurred in April 2018 contained levels of chlorinated organic compounds which were so low that it would be unreasonable to claim with any confidence that a chlorine gas attack had occurred at all. The whistleblower writes in the leaked email to the OPCW cabinet chief that the levels “were, in most cases, present only in parts per billion range, as low as 1–2 ppb, which is essentially trace quantities.”

As we discussed previously, early skeptics of the establishment Douma narrative highlighted the bizarre fact that when the OPCW published its Interim Report in July of last year its report contained no information about the levels at which the chlorinated organic chemicals occurred. Chlorinated organic chemicals occur at trace levels in any industrialized area, so they are only indicative of a chlorine gas attack when samples test at high levels. The email said they didn’t. The OPCW omitted this in both its Interim and Final Reports. The whistleblower told journalist Jonathan Steele that the levels found “were comparable to and even lower than those given in the World Health Organisation’s guidelines on recommended permitted levels of trichlorophenol and other COCs in drinking water.”

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You go George.

A Tale of Prince Andrew and Julian Assange (George Galloway)

The grand old Duke of York sleeps tonight on a feather pillow in a royal palace. Julian Assange, the publisher of the century sleeps in the hell of Belmarsh Prison, Britain’s own Guantanamo Bay. The Duke of York lied about the length duration and nature of his relationship with the presumed deceased child-sex trafficker Jeffrey Epstein. Julian Assange told the truth about the high crimes and misdemeanours of the rich and powerful during times of war and peace. The FBI need to speak to the Queen’s favorite son, but no power on earth will be deployed to make him testify about what he might have seen, or even have participated in, at the townhouse in Manhattan, a Sodom and Gomorrah of our times.

The same US Justice system has caused the cruel incarceration of Assange and his Kafkaesque entrapment in an extradition saga which may last for years – if he doesn’t die before it is over as no less than 60 doctors have recently warned he may well do. The US-UK extradition arrangements may be the most unequal treaty ever concluded by Her Majesty’s ministers. In this case the former Blair government Home Secretary David Blunkett, a blind man who could, nonetheless, see exactly what he was doing. In essence extradition from Britain to the US became virtually on request without the slightest need to show just cause. But not vice versa. It would be easier to pull a camel through the eye of a needle than for Britain to extradite a US citizen to face justice in the UK.

I was a member of the British Parliament at the time this treaty was signed. Not that this mattered a jot or tittle. The Treaty was signed during the Summer Recess when no Parliament was sitting and through the exercise of the Royal Prerogative. Only when it was already in operation was I even able to oppose the extradition of its first victims – alleged City of London financial fraudsters, as well as a fitted-up “terrorist” London man Babar Ahmad. Under the old extradition rules neither case could have satisfied the previous requirement to produce prima facia evidence sufficient to persuade a British judge. Under the new Treaty it was easy peasy lemon squeezy. And off they went.

Prince Andrew will face no such ordeal albeit now banished from Royal Circles and effectively reduced to the ranks, his epaulettes ripped off his glittering array of obscure medals turned to scrap metal on his tunic. Although accused of sexual abuse of a teenager and with an admitted close relationship to the alleged procurer of underage female victims, Ghislaine Maxwell, in whose London home it is alleged one of the sexual encounters took place – the US will never require the Prince to give evidence and the UK will never offer him up. Assange, who was falsely accused of rape, has spent virtually the last decade locked up in one form or other of incarceration. And faces up to 175 years of prison time, if successfully extradited.

It is a tale of two cities – Buckingham Palace and Belmarsh Maximum Security Prison. A tale of two individuals – one now a proven liar and one a well attested truth-teller. A tale of two fates. The Prince who became a moral pauper, the other an impecunious journalist who became a moral giant. It is a tale of our times.

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Nov 262019
 


Paul Gauguin Landscape with black pigs and a crouching Tahitian 1891

 

The Real Bombshell of the Impeachment Hearings (Ron Paul)
Neocon Uses Impeachment To Push Russophobic Agenda (Stockman)
12 Document Troves That Could Change The Ukraine Scandal (Solomon)
The Resistance Digs Their Hole Deeper (Kunstler)
CNN: Trump Is Leader Of ‘Destructive Cult’ , Uses ‘Mind-Control’ (SN)
Spiegel Finds Browder’s Magnitsky Narrative Is Riddled With Lies (RT)
Hong Kong Part Of China and No One Can Mess It Up – Chinese FM (RT)
Record-Breaking Dollar Bond Offering From China Imminent (ZH)
UK Chief Rabbi Attacks Labour Party (BBC)
Uber Loses Licence To Operate In London (BBC)
Tim Berners-Lee Wants To Stop Internet Turning Into ‘Digital Dystopia’ (Ind.)
Epstein, Ghislaine Maxwell And Very Young Girls On ‘Pedo Island’ (ZH)
Greenhouse Gas Concentrations Again Break Records (BBC)
Listen To The Hummingbird. Never Listen To Me (GTD)

 

 

“Vindman was concerned over “influencers promoting a false narrative of Ukraine inconsistent with the consensus views of the interagency.”

The Real Bombshell of the Impeachment Hearings (Ron Paul)

The most shocking thing about the House impeachment hearings to this point is not a “smoking gun” witness providing irrefutable evidence of quid pro quo. It’s not that President Trump may or may not have asked the Ukrainians to look into business deals between then-Vice President Biden’s son and a Ukrainian oligarch. The most shocking thing to come out of the hearings thus far is confirmation that no matter who is elected President of the United States, the permanent government will not allow a change in our aggressive interventionist foreign policy, particularly when it comes to Russia. Even more shocking is that neither Republicans nor Democrats are bothered in the slightest!

Take Lt. Colonel Vindman, who earned high praise in the mainstream media. He did not come forth with first-hand evidence that President Trump had committed any “high crimes” or “misdemeanors.” He brought a complaint against the President because he was worried that Trump was shifting US policy away from providing offensive weapons to the Ukrainian government! He didn’t think the US president had the right to suspend aid to Ukraine because he supported providing aid to Ukraine. According to his testimony, Vindman’s was concerned over “influencers promoting a false narrative of Ukraine inconsistent with the consensus views of the interagency.” “Consensus views of the interagency” is another word for “deep state.”

Vindman continued, “While my interagency colleagues and I were becoming increasingly optimistic on Ukraine’s prospects, this alternative narrative undermined US government efforts to expand cooperation with Ukraine.” Let that sink in for a moment: Vindman did not witness any crimes, he just didn’t think the elected President of the United States had any right to change US policy toward Ukraine or Russia! Likewise, his boss on the National Security Council Staff, Fiona Hill, sounded more like she had just stepped out of the 1950s with her heated Cold War rhetoric. Citing the controversial 2017 “Intelligence Community Assessment” put together by then-CIA director John Brennan’s “hand-picked” analysts, she asserted that, “President Putin and the Russian security services aim to counter US foreign policy objectives in Europe, including in Ukraine.”

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David Stockman throws in a highly needed history lesson for free.

Neocon Uses Impeachment To Push Russophobic Agenda (Stockman)

For want of doubt that the Poroshenko government was in the tank for Hillary Clinton, the liberal rag called Politico spilled the beans a few months later. In a January 11, 2017 story it revealed that the Ukrainian government had pulled out all the stops attempting to help Clinton, whose protégés at the State Department had been the masterminds of the coup which put them in office. Thus, Politico concluded,

“Donald Trump wasn’t the only presidential candidate whose campaign was boosted by officials of a former Soviet bloc country. Ukrainian government officials tried to help Hillary Clinton and undermine Trump by publicly questioning his fitness for office. They also disseminated documents implicating a top Trump aide in corruption and suggested they were investigating the matter, only to back away after the election.

And they helped Clinton’s allies research damaging information on Trump and his advisers, a Politico investigation found. …President Petro Poroshenko’s administration, along with the Ukrainian Embassy in Washington, insists that Ukraine stayed neutral in the race….. But Politico’s investigation found evidence of Ukrainian government involvement in the race that appears to strain diplomatic protocol dictating that governments refrain from engaging in one another’s elections. While it’s not uncommon for outside operatives to serve as intermediaries between governments and reporters, one of the more damaging Russia-related stories for the Trump campaign – and certainly for Manafort – can be traced more directly to the Ukrainian government.

Documents released by an independent Ukrainian government agency – and publicized by a parliamentarian – appeared to show $12.7 million in cash payments that were earmarked for Manafort by the Russia-aligned party of the deposed former president, Yanukovych. The New York Times, in the August story revealing the ledgers’ existence, reported that the payments earmarked for Manafort were “a focus” of an investigation by Ukrainian anti-corruption officials, while CNN reported days later that the FBI was pursuing an overlapping inquiry.”

Yet Fiona Hill sat before a House committee and under oath insisted that all of the above was a Trumpian conspiracy theory, thereby reminding us that the neocon Russophobes are so unhinged that they are prepared to lie at the drop of a hat to keep their false narrative about the Russian Threat and Putin’s “invasion” of Ukraine alive. Needless to say, Fiona Hill is among the worst of the neocon warmongers, and has made a specialty of demonizing Russia and propagating over and over flat out lies about what happened in Kiev during 2014 and after.

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John Solomon identifies 12 document troves that he thinks Trump should order released. Here are the first three.

12 Document Troves That Could Change The Ukraine Scandal (Solomon)

As House Democrats mull whether to pursue impeachment articles and the GOP-led Senate braces for a possible trial, here are 12 tranches of government documents that could benefit the public if President Trump ordered them released, and the questions these memos might answer.

1) Daily intelligence reports from March through August 2019 on Ukraine’s new president Volodymyr Zelensky and his relationship with oligarchs and other key figures. What was the CIA, FBI and U.S. Treasury Department telling Trump and other agencies about Zelensky’s ties to oligarchs like Igor Kolomoisky, the former head of Privatbank, and any concerns the International Monetary Fund might have? Did any of these concerns reach the president’s daily brief (PDB) or come up in the debate around resolving Ukraine corruption and U.S. foreign aid? CNBC, Reuters and The Wall Street Journal all have done recent reporting suggesting there might have been intelligence and IMF concerns that have not been fully considered during the impeachment proceedings.

2) State Department memos detailing conversations between former U.S. Ambassador Marie Yovanovitch and former Ukrainian Prosecutor General Yuriy Lutsenko. He says Yovanovitch raised the names of Ukrainians she did not want to see prosecuted during their first meeting in 2016. She calls Lutsenko’s account fiction. But State Department officials admit the U.S. embassy in Kiev did pressure Ukrainian prosecutors not to target certain activists. Are there contemporaneous State Department memos detailing these conversations and might they illuminate the dispute between Lutsenko and Yovanovitch that has become key to the impeachment hearings?

3) State Department memos on U.S. funding given to the George Soros-backed group the Anti-Corruption Action Centre. There is documentary evidence that State provided funding to this group, that Ukrainian prosecutor sought to investigate whether that aid was spent properly and that the U.S. embassy pressured Ukraine to stand down on that investigation. How much total did State give to this group? Why was a federal agency giving money to a Soros-backed group? What did taxpayers get for their money and were they any audits to ensure the money was spent properly? Were any of Ukrainian prosecutors’ concerns legitimate?

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“Perhaps The New York Times has hooked up to a direct line of Burisma’s product as they flood the darkened arena with eerie blue gaslight.”

The Resistance Digs Their Hole Deeper (Kunstler)

“No, you don’t understand. It was the Russians, I tell you, the Russians!” And so, with a holiday recess for Adam Schiff’s impeachment soap opera, and news that DOJ Inspector General Horowitz will unload in early December, the media vassals of the Deep State are giving you their own turkey gristle to chew on: “The Russians did it! Yes, really, they did! Believe us!” Perhaps The New York Times has hooked up to a direct line of Burisma’s product as they flood the darkened arena with eerie blue gaslight. Friday, they featured a story — Russia Inquiry Review Is Said to Criticize F.B.I. but Rebuff Claims of Biased Acts — geared to make readers think that the entire FBI FISA warrant hair-ball came down to one lowly lawyer chump named Kevin Clinesmith messing with an email. Later, Times reporter Adam Goldman, posted this howler on Twitter.

These truthless assertions are meant to let both the CIA and the FBI off-the-hook for opening the “Crossfire Hurricane” investigation on bogus evidence they furnished to the FISA judges. Both Goldman’s news story and his tweet omit the name of the company that packaged and retailed the Russia Collusion narrative: Fusion GPS — the company that Robert Mueller testified to having no knowledge of in his July House appearance. That oafish attempt to get out ahead of the IG’s report was followed by, whaddaya know, a Times op-ed penned by none other than Glenn Simpson, the impresario of Fusion GPS (and his partner Peter Fritsch), The Double-Barreled Dream World of Trump and His Enablers, aimed at re-selling their shopworn Russia collusion story to distract from any attention that voters might be paying to Ukraine’s collusion in the scheme to overthrow the 2016 US election and the Bidens’ grifting operation following the 2014 CIA / State Department sponsored overthrow of Ukraine’s government.


CBS 60-Minutes joined the gaslighting rotation Sunday night with a reality-optional Russia Hacked Our Election story. This was another obvious attempt to deflect attention from the actual story, which is how the company named Crowdstrike, owned by Ukrainian oligarch Dmitri Alperovitch, cooked up the Russian hacking story in the first place. Crowdstrike, you see, had been hired by the Democratic National Committee, and their nominee, Hillary Clinton, to interfere in the 2016 election. Crowdstrike later became the sole entity that was allowed to perform a forensic inquiry on the DNC’s server. Somehow, they persuaded the FBI to not look into the matter. In other words, the DNC’s contractor investigated its own mischief. Does anyone wonder how that worked?

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I know this is too easy and too cheap for me to use, but at the same time, these folk are actually saying such things. And there is a actual US network that broadcasts this stuff. “Trump is mind-controlling the deplorables.” And people go: wow, that’s some serious sh*t…

CNN: Trump Is Leader Of ‘Destructive Cult’ , Uses ‘Mind-Control’ (SN)

Stelter and guest say Trump supporters need ‘deprogramming’ CNN’s resident lunatic Brian Stelter went above and beyond his regular whackery Sunday, wheeling out a ‘cult expert’ on his “Reliable Sources” show, who claimed that President Trump is a “destructive cult” leader, a la Jim Jones, and that he is using “mind control” to direct supporters. Stelter introduced Steven Hassan, author of a book titled The Cult of Trump, claiming that many prominent figures (read ‘CNN talking heads’) have been suggesting recently that Trump’s America first movement is ‘cultish’. Hassan claimed that Trump supporters are “not being encouraged to really explore and look at the details and arrive at their own conclusion.”

“Much of what they’re hearing is emotionally driven, loaded words, thought-stopping, and thought-terminating-type clichés.” he added, citing “fake news,” “build the wall,” “make America great again.” Stelter then brought up mind control, asking “You say the President is using mind control, but how is that provable?” “So, we can start with the pathological lying, which is characteristic of destructive cult leaders.” Hassan claimed, again without providing any evidence.

“Saying things in a very confident way that have nothing to do with facts or truthfulness. The blaming others and never taking responsibility for his own failures and faults. Shunning and kicking out anyone who raises questions or concerns about his own behavior. His use of fearmongering, immigration is a horrible thing.” the guest continued. Stelter then chimed in with the stunning insight that “It is frightening to hear a cult expert say that you see all of these signs right now today in American politics.” The pair then remarkably suggested that Trump supporters need to be ‘deprogrammed’ by breaking them out of their ‘bubbles’.

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The reason there is the Magnitsky act is not that people believed Browder, but that it’s convenient.

Spiegel Finds Browder’s Magnitsky Narrative Is Riddled With Lies (RT)

British investor Bill Browder has made a name for himself in the West through blaming Moscow for the death of his auditor, Sergey Magnitsky. Der Spiegel has picked apart his story and uncovers it has major credibility problems. For years Browder – Russian President Vladimir Putin’s self-proclaimed “enemy number one” and head of the Hermitage Capital Management fund – has been waging what can only be described as his personal anti-Russian campaign. The passionate Kremlin critic relentlessly lobbied for sanctions against Russian officials everywhere from the US to Europe – all under the premise of seeking justice for his deceased employee, who died in Russia, while in pre-trial detention, where he’d been placed while accused of complicity in a major tax evasion scheme.

Browder, who was himself sentenced in absentia by a Russian court to nine years in prison for tax evasion, and was later found guilty of embezzlement as well, presented Magnitsky as a fearless whistleblower who exposed a grand corruption scheme within the Russian law enforcement system, and who was then mercilessly killed out of revenge. [..] the businessman, who has over the years donned the mantle of a human rights campaigner, does not plan to stop at that and is now lobbying for an EU-wide equivalent of the Magnitsky Act, which would allow the banning of Russian officials from the bloc’s countries and the freezing of their accounts.

On the tenth anniversary of the auditor’s death, the German weekly Der Spiegel has decided to take a closer look at Browder’s story about Magnitsky. And the paper found out that the narrative doesn’t quite flow as smoothly as Western politicians and the MSM would like it to.

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18 long years to go before HK becomes Chinese.

Hong Kong Part Of China and No One Can Mess It Up – Chinese FM (RT)

Beijing has said that the outcome of the municipal vote that saw opposition taking nearly 90% of the seats won’t change Hong Kong status, while warning against any attempts to disrupt the situation. Preliminary results of the election reported by local broadcaster RTHK suggest that about 390 seats out of 452 that were up for grabs in 18 district councils have been claimed by the anti-government candidates. Asked to comment while the vote count was ongoing, Chinese Foreign Minister Wang Yi said that regardless of the outcome, Hong Kong will remain an unalienable part of the Chinese state. “It’s not the final result yet. Let’s wait for the final result, OK? However, it is clear that no matter what happens, Hong Kong is a part of China and a special administrative region of China,” he said.


Any attempt to mess up Hong Kong, or even damage its prosperity and stability, will not succeed. Hong Kong administrator Carrie Lam, meanwhile, said that the semi-autonomous city’s government would respect the results of the district poll. “The government will certainly listen humbly to citizens’ opinions and reflect on them seriously,” Lam said, expressing hope that the peace and security would prevail, and the city won’t plunge into chaos again. The landslide victory by the opposition has been attributed to the record-high turnout of 71% (versus only 47% back in 2015) that saw many young voters taking to the polls for the first time. Speaking to SCMP, pro-Beijing lawmaker Michael Tien Puk-su, who lost his seat at the Tsuen Wan District Council, said that while he gained the same number of votes as in the previous elections, it was not enough this time – all because of the first-time voters, he suspected. “If that’s true, it means young people are no longer insensitive to politics,” he said…

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China needs dollars very badly.

Record-Breaking Dollar Bond Offering From China Imminent (ZH)

China is set to expand its bond market through a record sale of sovereign bonds in dollars, according to Bloomberg sources. The bond offering could raise up to $6 billion, would be one of the largest dollar bond offerings on record. The offering could be seen as soon as Tuesday. Sources said the Ministry of Finance is considering tenors of three years, five years, 10 years and 20 years: “It reaffirms China’s determination to develop an orderly offshore dollar bond market for Chinese issuers,” Anne Zhang, head of fixed income for JPMorgan Private Bank in Asia, told Bloomberg. “The new deal will further complete a sovereign curve,” she said. The size of the issuance would be more than double last year’s size, and triple the amount from 2017.


“The size is twice what it was last year, that just speaks to the fact that the past two years have been perceived as successful by the Ministry of Finance,” a banker working on one of the dollar bond deals told The Financial Times. He added that previous offers were “not enough to match demand.” The Chinse dollar bond market is valued at around $740 billion, according to Bloomberg data, and is an important funding source for domestic borrowers. Dollar bond issuances slid in 2018 following the escalation of the trade war. Despite the further escalation of the trade war in 2019, dollar bond issuances have increased as US treasury yields have fallen. Dollar bond demand from Chinese borrowers has been elevated in 2019, so far there has been $195 billion in recorded issuances, already surpassing levels seen in 2017 at $211 billion.

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Corbyn should have spoken out loud and clear a long time ago. He’s the right wing’s toy now.

UK Chief Rabbi Attacks Labour Party (BBC)

The Chief Rabbi has strongly criticised Labour, claiming the party is not doing enough to root out anti-Jewish racism – and asked people to “vote with their conscience” in the general election. In the Times, Ephraim Mirvis said “a new poison – sanctioned from the very top – has taken root” in the party. Labour’s claim it had investigated all cases of anti-Semitism in its ranks was a “mendacious fiction”, he added. Jeremy Corbyn says Labour is tackling anti-Semitism by expelling members. It comes as Labour launches a “race and faith manifesto”, which aims to improve protections for all faiths and tackle prejudice.

Labour has been beset by allegations of anti-Semitism for more than three years, leading to the suspension of a number of high-profile figures such as Ken Livingstone and Chris Williamson, and an unprecedented investigation by the Equality and Human Rights Commission. In his article, the Orthodox Chief Rabbi of Great Britain and Northern Ireland – who is the spiritual leader of the United Synagogue, the largest umbrella group of Jewish communities in the country – says raising his concerns “ranks among the most painful moments I have experienced since taking office”. But he claims “the overwhelming majority of British Jews are gripped by anxiety” at the prospect of a Labour victory in 12 December’s general election.

He writes: “The way in which the leadership of the Labour Party has dealt with anti-Jewish racism is incompatible with the British values of which we are so proud – of dignity and respect for all people. “It has left many decent Labour members and parliamentarians, both Jewish and non-Jewish, ashamed of what has transpired.” He adds that it was “not my place to tell any person how they should vote” but he urged the public to “vote with their conscience”. [..] Jenny Manson, the co-chair of the Jewish Voice for Labour group which is not officially affiliated to the party, told BBC Radio 4’s The World Tonight programme she was “horrified” by the Chief Rabbi’s intervention. She added that there was no threat to Jews in the Labour Party but there was a threat from the far-right.

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No, really, they have secret software that blocks regulators. Just for that I would ban them forever. “But it’s never been used in the UK!” That’s not the point, is it? BTW, where did you use it?

Uber Loses Licence To Operate In London (BBC)

Uber will not be granted a new licence to operate in London after repeated safety failures, Transport for London (TfL) has said. The regulator said the taxi app was not “fit and proper” as a licence holder, despite having made a number of positive changes to its operations. Uber initially lost its licence in 2017 but was granted two extensions, the most recent of which expired on Sunday. The firm will appeal and can continue to operate during that process. About 45,000 drivers work for Uber in London, which is one of its top five markets globally. TfL said it had identified a “pattern of failures” that placed passenger safety and security at risk. These included a change to Uber’s systems which allowed unauthorised drivers to upload their photos to other Uber driver accounts.


It meant there were at least 14,000 fraudulent trips in London in late 2018 and early 2019, TfL said. The regulator also found dismissed or suspended drivers had been able to create Uber accounts and carry passengers. [..] TfL first declined to renew Uber’s licence in September 2017, again over safety concerns. Back then it cited Uber’s approach to carrying out background checks on drivers and reporting serious criminal offences. Uber’s use of secret software, called “Greyball”, which could be used to block regulators from monitoring the app, was another factor, although Uber said it had never been used in the UK.

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Dead on arrival: “It has already been backed by companies including Google and Facebook..”

Tim Berners-Lee Wants To Stop Internet Turning Into ‘Digital Dystopia’ (Ind.)

Tim Berners-Lee, the creator of the world wide web, has launched a plan to stop the world falling into a “digital dystopia”. Sir Tim unveiled a set of standards that good internet companies should abide by, in the hope of preserving the promise of the internet and stopping it being misused. It comes amid a variety of online threats that look to damage everything from elections to personal privacy. The new plan, named the Contract For The Web, was unveiled by Sir Tim’s World Wide Web Foundation in Berlin and calls on governments, companies and the public to ensure the web is a safe, free and open platform for all.

The commitment sets out nine key principles. It has already been backed by companies including Google and Facebook, both of which have been at the centre of controversies over the way the internet is used. “The power of the web to transform people’s lives, enrich society and reduce inequality is one of the defining opportunities of our time,” Sir Tim explained. “But if we don’t act now, and act together, to prevent the web being misused by those who want to exploit, divide and undermine, we are at risk of squandering that potential. “The Contract for the Web gives us a roadmap to build a better web. But it will not happen unless we all commit to the challenge.

“Governments need to strengthen laws and regulations for the digital age. Companies must do more to ensure pursuit of profit is not at the expense of human rights and democracy. “And citizens must hold those in power accountable, demand their digital rights be respected and help foster healthy conversation online. It’s up to all of us to fight for the web we want.” The plan tells governments to ensure everyone can connect to the internet, that access is not deliberately denied and to respect and protect people’s fundamental online privacy and data rights.

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When will Andrew be arrested?

Epstein, Ghislaine Maxwell And Very Young Girls On ‘Pedo Island’ (ZH)

A former masseuse for Jeffrey Epstein who says he raped her on his private island, has provided photos of his secretive Caribbean compound to The Sun. Chaunte Davies says she was raped by Epstein over the course of several years before finally parting ways with him in 2005. She told the Sun that the wealthy pedophile was arrested just five days after she gave the FBI and New Mexico Assistant Attorney General evidence against him. Now 40, Chaunte says the ex-Wall Street banker performed a sex act on himself during their first massage session – and that she was “manipulated” into staying in their circle by Epstein’s alleged madam, Ghislaine Maxwell. “Within weeks she was jetting round the world on his private jet and on to his island of Little Saint James,” according to the report.


Davies also revealed how Epstein bragged about his friendship with Prince Andrew and his ex-wife Sarah Ferguson, and how Epstein used his relationship with the Duke of York to lure young girls into his orbit – at one point, allegedly having an orgy with Andrew and several young girls. “In 2015 court testimony, she wrote: “I was around 18 at the time. Epstein, Andy, approximately eight other young girls and I had sex together.” She said the other girls seemed to be under 18 and “didn’t really speak English”. This seemed to amuse Epstein, she claimed, who said “they are the ‘easiest’ girls to get along with”. The duke has repeatedly denied the claims, which were later struck from the 2015 case. In his Newsnight interview he said he had “no recollection” of meeting Virginia and has denied any wrongdoing. -The Sun “I was very aware of Jeffrey Epstein’s friendship with Prince Andrew and Fergie right away,” she said, adding “It was one of several bragging tactics he used to further induce his power and privilege. He bragged a lot.”

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And we just keep talking…

Greenhouse Gas Concentrations Again Break Records (BBC)

Atmospheric concentrations of carbon dioxide and other greenhouse gases once again reached new highs in 2018. The World Meteorological Organization (WMO) says the increase in CO2 was just above the average rise recorded over the last decade.vLevels of other warming gases, such as methane and nitrous oxide, have also surged by above average amounts. Since 1990 there’s been an increase of 43% in the warming effect on the climate of long lived greenhouse gases. The WMO report looks at concentrations of warming gases in the atmosphere rather than just emissions. The difference between the two is that emissions refer to the amount of gases that go up into the atmosphere from the use of fossil fuels, such as burning coal for electricity and from deforestation.

Concentrations are what’s left in the air after a complex series of interactions between the atmosphere, the oceans, the forests and the land. About a quarter of all carbon emissions are absorbed by the seas, and a similar amount by land and trees. Using data from monitoring stations in the Arctic and all over the world, researchers say that in 2018 concentrations of CO2 reached 407.8 parts per million (ppm), up from 405.5ppm a year previously. This increase was above the average for the last 10 years and is 147% of the “pre-industrial” level in 1750. The WMO also records concentrations of other warming gases, including methane and nitrous oxide.

About 40% of the methane emitted into the air comes from natural sources, such as wetlands, with 60% from human activities, including cattle farming, rice cultivation and landfill dumps. Methane is now at 259% of the pre-industrial level and the increase seen over the past year was higher than both the previous annual rate and the average over the past 10 years. Nitrous oxide is emitted from natural and human sources, including from the oceans and from fertiliser-use in farming. According to the WMO, it is now at 123% of the levels that existed in 1750.

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Adam Cohen put together a last album of his father Leonard’s songs.

“I have tried to write Paradise/Do not move/Let the wind speak/that is Paradise”

“You were born to judge the world / Forgive me but I wasn’t.”

“When he took his hat off at the end of shows, he had this look of humility and bewilderment and gratitude – this was not an act. And he would say, ‘Thank you for keeping my songs alive’. ”

Listen To The Hummingbird. Never Listen To Me (GTD)

Many thanks for the Dance opens with a track referred to as Transpires to the Heart and the 1st of several startling lyrics: “I was operating constant but I hardly ever termed it art/ I bought my shit together, conference Christ and reading through Marx…” It seems like a defiant statement of intent, but the mood, as on the previous album, soon turns darker. The Objective, a small, sombre spoken-term piece, starts “I simply cannot go away my house, or solution the phone” and consists of the poignant self-observation: “I sit in my chair, I glimpse at the road, the neighbour returns my smile of defeat.” The infirmities of old age are broached once again on The Hills, on which he sings, “I’m residing on products, for which I thank God”, delivering the past 3 phrases with heartfelt emphasis.


During, dying is a specified, its looming existence articulated with a attribute diploma of Buddhist acceptance. Below and there, although, there are glimpses of the sensuality that characterised several of his early tracks and poems. On The Night of Santiago he sings: “Her thighs they slipped away from me/ Like educational institutions of startled fish”. The track is basically an adaptation of a poem by Federico García Lorca, 1 of Leonard’s literary touchstones. “It’s just one of my favourite poems and I begged him to go through it,” says Adam.

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Nov 252019
 
 November 25, 2019  Posted by at 9:49 am Finance Tagged with: , , , , , , , , ,  17 Responses »


Dorothea Lange Resettlement project, Bosque Farms, New Mexico Dec 1935

 

China Needs To Prepare For Zero Interest Rates (Global Times)
China Will Be The Next Country To Cut Rates To Zero (ZH)
Hong Kong Pro-Democracy Candidates Win 347 of 452 Seats (SCMP)
China Cables (Irish Times)
Both UK Parties Are Peddling Fantasies – Tony Blair (R.)
Why Did Trump Release Ukraine Aid? The Answer Is Simple (York)
John Solomon: They ‘Smeared Me, Just Like Joe McCarthy Smeared People’ (Med.)
Stop Being A Loser And Start Winning Like Trump (Scott Adams)
I Ditched Google For DuckDuckGo. Here’s Why You Should Too (Wired)
Doctors Petition UK Home Secretary Over Julian Assange (CN)
Aid Groups Condemn Greece Over ‘Prison’ Camps For Migrants, Refugees (G.)

 

 

China has a debt problem. “Zero or negative rates monetary conditions don’t mean that debt issues and the asset bubble problem will be resolved automatically, but the opposite..”

China Needs To Prepare For Zero Interest Rates (Global Times)

The US Federal Reserve’s (Fed) continuous interest rates cuts have triggered a race of interest rates cuts among central banks around the world, increasing excessive global liquidity even further. In this case, more countries are faced with monetary conditions of zero or negative rates. Recently, former US Fed chairman Alan Greenspan noted that “negative rates” are spreading around the world. Some financial institutions even believe the world will enter a low rates condition that hasn’t occurred in 1,000 years. Under the condition of low or zero rates, the world’s debts level keeps rising, and the bond yields continue dropping. Another phenomenon comes with low rates monetary condition is that prices go up with risk asset. The US stock prices have climbed to a new high.

For China, the demands for liquidity are growing, foreign capital keeps flowing in and the real economy continues to slow down, which all make the country seemingly approaching a zero rates monetary condition. It asks policymakers and market players to be prepared. Mounting debts and the financing problems in the real economy will promote China to a zero rate condition. In the first half of 2019, China’s overall debts accounted for 306 percent of the GDP, up 2 percentage points from the 304 percent in the first quarter, according to a report from the Institute of International Finance (IIF). The number was just around 200 percent in 2009 and 130 percent in 1999.

According to data from the National Institution for Finance and Development, China’s enterprise sector’s debts account for 155.7 percent of the nominal GDP, up 2.2 percentage points from the end of last year. It’s far beyond the government sector’s leverage ratio of 38.5 percent and the resident sector’s leverage ratio of 55.3 percent. In the enterprise sector, private companies embattled with financing problems account for 30 percent. Structurally, China’s non-financial corporate debt ratio is too high, and interest rates are too high. Considering that the repayment burden of existing debt has squeezed out the effective demand for new credit, and China is likely to become the next zero interest rate country, according to Zhu Haibin, Chief China Economist at J.P. Morgan.

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Tyler’s take on the article above: “..it will only infuriate Trump who has been kicking and screaming at Jerome Powell, demanding that the Fed do just that.”

China Will Be The Next Country To Cut Rates To Zero (ZH)

[..] an English language op-ed published today in China’s nationalist tabloid, Global Times, which for once, is surprisingly accurate, and while mostly avoiding the propaganda that Chinese media is so well known for, explains well why China may indeed be the next country to see zero rates (as a reminder, Chinese real rates are already negative due to soaring pork prices). And while we doubt that the PBOC will be able to cut enough to bring about ZIRP, or NIRP, any time soon especially due to the ongoing hyperinflation in pork prices, if and when those do stabilize the Chinese central bank may well follow in the footsteps of every other developed central bank. In doing so, it will only infuriate Trump who has been kicking and screaming at Jerome Powell, demanding that the Fed do just that.

What we find most remarkable about the op-ed is how simply, matter-of-factly and correctly, the author explains away why zero rates are coming: “Mounting debts and the financing problems in the real economy will promote China to a zero rate condition [..] Structurally, China’s non-financial corporate debt ratio is too high, and interest rates are too high. Considering that the repayment burden of existing debt has squeezed out the effective demand for new credit, and China is likely to become the next zero interest rate country”. Amusingly, the anonymous op-ed writer has managed to state in two sentences what takes financial pundits hours, days and weeks to explain on CNBC: “Another phenomenon comes with low rates monetary condition is that prices go up with risk asset. The US stock prices have climbed to a new high.”

That said, what we found most surprising about the Global Times oped is its conclusion: instead of some jingoist bullshit about how China’s negative rates would be the greatest, and most negative in the entire world, the publication takes a very measured tone, and warns that such a monetary stance may very well spell doom for China, to wit: “Zero or negative rates monetary conditions don’t mean that debt issues and the asset bubble problem will be resolved automatically, but the opposite. Growing bubbles in the global financial market in the long run will be a reminder of financial risks. In a slowing global economy, zero or even negative interest monetary conditions are a new trend that gives new risks and challenges to China and the international financial market. Awareness and responsiveness need to be revamped.”

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Pro-democracy camp wins 17 out of 18 district councils, all of which were previously under pro-establishment control. Record voter turnout.

Beijing really thought its candidates would win?

Hong Kong Pro-Democracy Candidates Win 347 of 452 Seats (SCMP)

The anti-establishment reverberations from almost six months of street protests swept through polling stations across Hong Kong on Sunday, as voters in record numbers roundly rejected pro-Beijing candidates in favour of pan-democrats. The tsunami of disaffection among voters was clear across the board, as pan-democrats rode the wave to win big in poor and rich neighbourhoods, in both protest-prone and non-protest-afflicted districts and, in downtown areas as well as the suburbs. Less immediately obvious was whether there was a generational divide in the way people voted, but ousted pro-establishment district councillors suggested that young, first-time voters had been instrumental in dislodging them from their perch.


The final election results were confirmed at 1pm on Monday when the vote count was completed at Lam Tin constituency of Kwun Tong District Council. Among the 452 seats up for grabs, the pan-democrats were victorious in 347, the independents – many of them pro-democracy – won 45, while the pro-establishment camp had to make do with 60. The pro-democracy camp now has control of 17 out of 18 district councils. It won all elected seats in Wong Tai Sin and Tai Po district councils.

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The Irish Times publishes 9 articles based on “a small cache of secret documents, being called the China Cables, that were leaked to the International Consortium of Investigative Journalists (ICIJ)”.

This is from the first article: “‘The largest incarceration of a minority since the Holocaust’”. Click the link for the ‘library’.

Yves Smith: “The Irish Times did terrific additional reporting on the ICIJ docs. Must reading.”

China Cables (Irish Times)

Dormitory doors, corridor doors, and floor doors must be double-locked, and must be locked immediately after being opened and closed.” “Strictly manage and control student activities to prevent escapes during class, eating periods, toilet breaks, bath time, medical treatment, family visits, etc.” The quotes are from instructions issued by a top security official in the Xinjiang province of China, where since 2017 more than a million people from Uighur and other ethnic minority groups are being kept in camps. The Chinese authorities, who at first denied the camps existed, then said they were there to provide “educational training” to “students” in centres that had a “boarding school” type of management. “It is strictly forbidden for police to enter the student zone with guns, and they must never allow escapes, never allow trouble, never allow attacks on staff, never allow abnormal deaths.”

Contained in a telegram called “New Secret 5656”, the instructions were written in 2017, when the policy of incarcerating people from ethnic minorities in Xinjiang was being put into effect on an industrial scale. The telegram is among a small cache of secret documents, being called the China Cables, that were leaked to the International Consortium of Investigative Journalists (ICIJ), and have been shared with 17 media partners, including The Irish Times, the BBC, Le Monde, Süddeutsche Zeitung and the US TV network, NBC. The leak puts to rest attempts by the Chinese government to portray the facilities in the western province of Xinjiang as anything other than internment camps.

Adrian Zenz, a recognised authority on what is happening in Xinjiang, told the ICIJ he believes the reference in the instructions to not allowing “abnormal deaths” has to do with torture. The telegram does not mention torture, “but the fact that it mentions the avoidance of abnormal deaths, in my opinion, is an indication that [the camp system] is using forms of physical force on people that, however, is not supposed to kill them.” People are being put in chain-suits, are being made stand in certain positions, and are being beaten, said Zenz. Other harsher forms of torture are being meted out in prisons and detention centres.

In October a former detainee, Sayragul Sauytbay, a muslim of Kazakh descent who has been granted asylum in Sweden, told Israeli newspaper Haaretz that some inmates were made sit on a chair of nails. “I saw people return from that room covered in blood. Some came back without fingernails.” The “special secrecy level” instructions in the telegram were issued by Zhu Hailun, the then head of the Chinese Communist Party’s Political and Legal Commission (PLC) in Xinjiang, and the senior party official then responsible for the implementation of the campaign of repression in Xinjiang.

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Blair’s attacking Corbyn until he loses.

Both UK Parties Are Peddling Fantasies – Tony Blair (R.)

Prime Minister Boris Johnson and Labour leader Jeremy Corbyn are peddling fantasies before a Dec. 12 election, former British leader Tony Blair will say on Monday, offering his support to “mainstream” politicians. At a newsmaker event at Reuters, Blair will criticise Britain’s main parties for offering voters a stark choice, wanting to win “on the basis that whatever your dislike of what they’re offering, the alternative is worse”. Held after three years of negotiations to leave the European Union since a 2016 referendum, the December election will show how far Brexit has torn traditional political allegiances apart and will test an electorate increasingly tired of voting.


Blair, who was prime minister for 10 years until 2007, will say many in Britain are “scratching their heads, changing their minds, floating and unsure” before the election. “The unifying sentiment is a desire, bordering on the febrile, to end the mess, to wake from the nightmare,” he will say, according to extracts from his speech. “This desire, though completely understandable, is in danger of leading us into a big mistake; and frankly we cannot afford another of those.” Blair will accuse both parties of offering up a fantasy to voters – the Conservatives suggesting they will get Brexit done when the reality is that they will start new talks on a future relationship which “could last for years”. Equally, he will say that Labour, under veteran socialist Corbyn, is offering a “revolution”. “The problem with revolutions is never how they begin but how they end.”

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“President tries to do something. Congress opposes. President sees he has no support and backs down. It has happened many, many times with many, many presidents.”

Why Did Trump Release Ukraine Aid? The Answer Is Simple (York)

Trump’s true reason for releasing the aid matters to the Democratic impeachment scheme. If he released the money after learning about the whistleblower — after he realized the jig was up — then that, at least to Democrats, suggests guilt. If he released it after gaining confidence in Zelensky, that does not suggest guilt. But the evidence suggests that neither explanation is correct, that there is a much simpler reason for Trump’s decision to release the aid. On the day he OK’d the aid, Trump learned that Congress was going to force his hand and spend the money anyway. He could either go along or get run over.

On Sept. 11, the White House received a draft of a continuing resolution, produced by House Democrats, that would extend funding for the federal government. Among other provisions, the bill would push the Ukraine money out the door, whether in the final days of fiscal year 2019 or in 2020, regardless of what the president did. “The draft continuing resolution … would on September 30 immediately free up the remainder of the $250 million appropriated for the Ukraine Security Assistance Initiative in the fiscal 2019 Defense spending law and extend its availability for another year,” Roll Call reported a little after noon on Sept. 11.

According to knowledgeable sources, the Office of Management and Budget received the draft on the morning of Sept. 11. OMB Director Russell Vought informed the president around mid-day. There was no doubt the Democratic-controlled House would pass the measure, which was needed to avoid a government shutdown. Later that afternoon, Trump — who must have already known that the Republican-controlled Senate would also support the bill — had the point emphasized to him when he received a call from Republican Sen. Rob Portman.

Portman, and Democratic Sen. Richard Durbin co-chairs the Senate Ukraine Caucus. Along with several other senators, Portman wrote to the White House on Sept. 3, imploring the president to release the aid. On Sept. 11, Portman felt the need to talk again, with the same message — only this time with the backdrop of the House preparing to pass a bill that would force Trump’s hand. At that point, the president knew he could not maintain the hold on aid in the face of bipartisan congressional action. So he gave in. By early evening on Sept. 11, the hold was lifted. It was an entirely unremarkable end to the story: President tries to do something. Congress opposes. President sees he has no support and backs down. It has happened many, many times with many, many presidents.

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Video at the link. Still trying to understand why he has so suddenly come under attack. He had been writing about this for a long time.

“The message was clear: Don’t touch these people,” Solomon said. “And the State Department confirms they delivered that message. How can this be such a big factual dispute? Now we’re debating the word list. She delivered the message.”

John Solomon: They ‘Smeared Me, Just Like Joe McCarthy Smeared People’ (Med.)

After coming under a great deal of scrutiny during the House Intelligence committee’s impeachment hearings over the past two week’s, Fox News contributor John Solomon is firing back — claiming that he was smeared. Solomon sat for an interview Thursday night with Fox News anchor Martha MacCallum on The Story. The segment marked a rare appearance on a news side program for the Fox News contributor — as opposed to the opinion shows like Hannity on which he is a staple. During the interview, Solomon — a former columnist for the Hill whose controversial work on Ukraine is now being subjected to an internal review — claimed he’s being targeted because much of his reporting is favorable to President Donald Trump.


“I’m probably being punished a lot because the president’s mentioned me, he likes my reporting,” Solomon said. “But I don’t report because it makes the president happy. I report because the truth needs to get out there.” MacCallum asked Solomon about the claims made by former U.S. ambassador to Ukraine Marie Yovanovitch that she was the target of a smear campaign led by a former top Ukraine prosecutor and Rudy Giuliani — with Solomon and several conservative media figures circulating negative stories about her. In particular, one article in which Solomon claimed that Yovanovitch pressured Ukraine into not prosecuting a number of people. Solomon stood by his work. “The message was clear: Don’t touch these people,” Solomon said. “And the State Department confirms they delivered that message. How can this be such a big factual dispute? Now we’re debating the word list. She delivered the message.”

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Adams is promoting his new book, Loserthink.

“..the two most influential politicians in the United States: [..] President Trump and New York Rep. Alexandria Ocasio-Cortez..”

Stop Being A Loser And Start Winning Like Trump (Scott Adams)

At the time of this writing, the two most influential politicians in the United States are a real estate developer who became president and a bartender who got elected to Congress. I’m talking about President Trump and New York Rep. Alexandria Ocasio-Cortez. The most striking thing they have in common is that they did not “stay in their lanes,” and it worked out great for them. Likewise, you would not be reading this, and the “Dilbert” comic strip would not exist, if I had “stayed in my lane,” which at the time meant working in a cubicle. My nomination for the most loserthinkish advice in history is: “Stay in your lane.” That is the sort of advice that is better served to an enemy, not a friend. If everyone followed that advice, you wouldn’t have civilization.

The world as we know it was engineered, designed, and built by people who left their lane and tried something outside their temporary skill stack. They figured it out as they went. I’ll agree that one size doesn’t fit all, and some people probably should stick to what they do best. But I wouldn’t want society to decide that staying in one lane is some sort of obvious wisdom. In my experience, the smartest plan for life is to leave your lane as often as you can (without inviting major risk) to pick up skills that will complement your talent stack. The more skills you have, the more valuable you will be, although you won’t necessarily know in advance where it will take you.

If you happen to be one of the best in the world at some specific skill, such as sports, music, or science — and you like what you do — it might make perfect sense to “stay in your lane” and milk that situation for all it is worth. But most of us are not the best in the world, or anywhere near it, at any particular skill. If that describes you, I recommend leaving your lane often — even at the risk of embarrassment — to pick up new skills and new ways to see the world.

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DuckDuckGo does not store IP addresses or user information.

I Ditched Google For DuckDuckGo. Here’s Why You Should Too (Wired)

What was the last thing you searched for online? For me, it was ‘$120 in pounds’. Before that, I wanted to know the capital of Albania (Tirana), the Twitter handle of Liberal Democrat deputy leader Ed Davey (he’s @EdwardJDavey) and dates of bank holidays in the UK for 2019 (it’s a late Easter next year, folks). Thrilling, I’m sure you’ll agree. But something makes these searches, in internet terms, a bit unusual. Shock, horror, I didn’t use Google. I used DuckDuckGo. And, after two years in the wilderness, I’m pretty sure I’m sold on a post-Google future. It all started with a realisation: most the things I search for are easy to find. Did I really need the all-seeing, all-knowing algorithms of Google to assist me? Probably not.

So I made a simple change: I opened up Firefox on my Android phone and switched Google search for DuckDuckGo. As a result, I’ve had a fairly tedious but important revelation: I search for really obvious stuff. Google’s own data backs this up. Its annual round-up of the most searched-for terms is basically a list of names and events: World Cup, Avicii, Mac Miller, Stan Lee, Black Panther, Megan Markle. The list goes on. And I don’t need to buy into Google’s leviathan network of privacy-invading trackers to find out what Black Panther is and when I can go and see it at my local cinema.

While I continue to use Google at work (more out of necessity as my employer runs on G-Suite), on my phone I’m all about DuckDuckGo. I had, based on zero evidence, convinced myself that finding things on the internet was hard and, inevitably, involved a fair amount of tracking. After two years of not being tracked and targeted I have slowly come to realise that this is nonsense. DuckDuckGo works in broadly the same way as any other search engine, Google included. It combines data from hundreds of sources including Wolfram Alpha, Wikipedia and Bing, with its own web crawler, to surface the most relevant results. Google does exactly the same, albeit on a somewhat larger scale. The key difference: DuckDuckGo does not store IP addresses or user information.

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A letter signed by 60 medical doctors from around the world: “Medical doctors have a professional duty to report suspected torture of which they become aware, wherever it may be occurring.”

They will be ignored.

Doctors Petition UK Home Secretary Over Julian Assange (CN)

Open Letter to UK Home Secretary Priti Patel and Shadow Home Secretary Diane Abbott

We write this open letter, as medical doctors, to express our serious concerns about the physical and mental health of Julian Assange. Our professional concerns follow publication recently of the harrowing eyewitness accounts of Craig Murray and John Pilger of the case management hearing on Monday 21 October 2019 at Westminster Magistrates Court. The hearing related to the upcoming February 2020 hearing of the request by the US government for Mr Assange’s extradition to the US in relation to his work as a publisher of information, including information about alleged crimes of the US government. Our concerns were further heightened by the publication on 1 November 2019 of a further report of Nils Melzer, the United Nations Special Rapporteur on Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment, in which he stated: ‘Unless the UK urgently changes course and alleviates his inhumane situation, Mr Assange’s continued exposure to arbitrariness and abuse may soon end up costing his life.’

[..] Medical doctors have a professional duty to report suspected torture of which they become aware, wherever it may be occurring. That professional duty is absolute and must be carried out regardless of risk to reporting doctors. We wish to put on record, as medical doctors, our collective serious concerns and to draw the attention of the public and the world to this grave situation. The World Health Organisation Constitution of 1946 envisages ‘the highest attainable standard of health as a fundamental right of every human being.’20 We are indebted to those who have sought to uphold this right in the case of Mr Assange.

From a medical point of view, on the evidence currently available, we have serious concerns about Mr Assange’s fitness to stand trial in February 2020. Most importantly, it is our opinion that Mr Assange requires urgent expert medical assessment of both his physical and psychological state of health. Any medical treatment indicated should be administered in a properly equipped and expertly staffed university teaching hospital (tertiary care). Were such urgent assessment and treatment not to take place, we have real concerns, on the evidence currently available, that Mr Assange could die in prison. The medical situation is thereby urgent. There is no time to lose.

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I warned about the new right-wing government.

Aid Groups Condemn Greece Over ‘Prison’ Camps For Migrants, Refugees (G.)

Greece is poised to create “prison” island camps, say aid groups amid growing criticism of government plans to overhaul refugee reception centres on Aegean outposts facing Turkey. As the UN refugee agency’s top official, Filippo Grandi, prepared this week to fly to Lesbos, where almost 16,000 people are crammed into a single facility, Athens was criticised for adopting legislation in contravention of basic human rights. Disquiet mounted as the centre-right administration, which was elected on a tough law and order platform in July, declared that the country again at the forefront of the migration crisis had “reached its limits”. Announcing measures to tackle a significant increase in arrivals, not seen at such levels since 2015 when nearly a million Syrians entered Europe via the isles, it promised future policies would be defined by deterrence.

Under the scheme, closed installations will replace vastly overcrowded, open-air camps; land and sea borders will be reinforced with about 1,200 more guards and extra patrol vessels and deportations stepped up. “We are in the eye of the storm,” said the prime minister, Kyriakos Mitsotakis, conceding that pressure on Greece to patrol its eastern frontiers had risen dramatically in the wake of Europe’s decision to seal off the nation’s northern borders against migrant flows. “The country needs a national strategy.” With the new structures, which are built to hold no more than 5,000 people, the era “of shameful scenes” spawned by the deplorable conditions of notorious island camps would, he vowed, finally be replaced “by images of modern, properly functioning installations”.

International aid groups have overwhelmingly condemned the measures. After criticising asylum legislation also passed this month, they predicted the remodelled facilities would only exacerbate the humanitarian disaster unfolding on Europe’s frontiers. Martha Roussou, senior advocacy officer for the International Rescue Committee in Greece, said: “The government’s announcements represent a blatant disregard for human rights. The creation of closed facilities will simply mean that extremely vulnerable people, including children, will be kept in prison-like conditions, without having committed any crime.”

The Greek branch of Amnesty International called the plans “outrageous”. Likening Lesbos’s infamous Moria refugee camp to a “human rights black hole”, it said: “In reality, we are talking about the creation of contemporary jails with inhumane consequences for asylum seekers, and more widely, negative consequences for the Aegean islands and their inhabitants.” About 37,000 asylum seekers are trapped on islands that since the summer have been targeted with renewed vigour by traffickers.

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Nov 212019
 
 November 21, 2019  Posted by at 9:52 am Finance Tagged with: , , , , , , , , , ,  13 Responses »


Dorothea Lange Missouri drought refugees. Broke, baby sick, car trouble.’ U.S. 99 near Tracy, California 1937

 

Ukraine Expands Probe Into Head Of Firm That Employed Hunter Biden (RT)
Ukrainian MP Claims $7.4 Billion Obama-Linked Laundering (ZH)
Story About Migrant Children Scrubbed As UN Said It Happened Under Obama (RT)
China Says Will Strive To Reach ‘Phase One’ Trade Deal With US (R.)
Do Not Despair of This Election (Craig Murray)
‘Downward Mobility’ A Reality For Many British Youngsters Today (G.)
A Deadly Game of Chicken in Iraq and Lebanon (Cambanis)
Why Won’t Carrie Lam Allow An Independent Inquiry? (SCMP)
Jeffrey Epstein Guests Were Secretly Filmed In Every Bedroom And Toilet (Sun)
China’s Appetite For Coal Power Returns Despite Climate Pledge (G.)

 

 

Fire the prosecutor!

Ukraine Expands Probe Into Head Of Firm That Employed Hunter Biden (RT)

Joe Biden’s son, Hunter, is mentioned in several probes relating to Burisma’s founder, the Ukrainian prosecutor has said, as leaked documents allege that he was part of a money-laundering scheme. Ukrainian Prosecutor General Ruslan Ryaboshapka said that a long-running probe into Mykola Zlochevsky, the founder of Burisma natural gas company, has been expanded to include allegations of large-scale embezzlement of government funds. Hunter Biden sat on the firm’s board of directors. The on-and-off investigation into alleged shady dealings at Burisma was galvanized in August, when Ryaboshapka ordered a review of criminal cases involving the company.

Since the start of an ongoing impeachment inquiry into whether US President Donald Trump offered his Ukrainian counterpart Volodymyr Zelensky a ‘quid pro quo’ of military aid in return for reopening an investigation into Biden, the case has become a critical part of US political discourse. Speaking to reporters on Wednesday, Ryaboshapka said that he did not have any contact with US officials, and was in no way “asked” or “pressured” into going after the Biden family. The prosecutor said that there was no “Burisma case” per se, but noted that investigators have been handling 13 cases related to Zlochevsky. When asked if any of those pertained to Burisma’s legal woes, Ryaboshapka spilled some beans, revealing that the company’s name, as well as that of the younger Biden, have popped up in “several” of those cases.

While the prosecutor has yet to provide any additional details as to why Biden’s name was included in the papers, in a separate press conference two Ukrainian MPs claimed they had obtained documents which detail prosecutors’ suspicions that the son of the US presidential hopeful and other “consultants” were paid opulent salaries with money “obtained through criminal means,” which was then laundered with the help of Zlochevsky. [..] The case against Zlochevsky, who was also Ukraine’s minister for ecology and natural resources from July 2010 until April 2012, has now stalled, with authorities unable to locate him. Ryaboshapka confirmed on Wednesday that the ex-minister has been put on a wanted persons list.

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Where and when corruption rules. But don’t investigate, you’d be meddling in the US election. Can’t have that.

Ukrainian MP Claims $7.4 Billion Obama-Linked Laundering (ZH)

A Ukrainian MP says a document leaked from the Ukraine’s Office of the Prosecutor General contains claims against Burisma owner Nikolai Zlochevsky, as well as Hunter Biden and his partners – who allegedly received $16.5 million for their ‘services’ – according to Alexander Dubinsky of the ruling Servant of the People Party. Dubinsky made the claim in a Wednesday press conference, citing materials from an investigation into Zlochevsky and Burisma. “Zlochevsky was charged with this new accusation by the Office of the Prosecutor General but the press ignored it,” said the MP. “It was issued on November 14.”

“The son of Vice-President Joe Biden was receiving payment for his services, with money raised through criminal means and money laundering,” he then said, adding “Biden received money that did not come from the company’s successful operation but rather from money stolen from citizens.” According to Dubinsky, Hunter Biden’s income from Burisma is a “link that reveals how money is siphoned [from Ukraine],” and how Biden is just one link in the chain of Zlochevsky’s money laundering operation which included politicians from the previous Yanukovich administration who continued their schemes under his successor, President Pyotr Poroshenko.

“We will reveal the information about the financial pyramid scheme that was created in Ukraine and developed by everyone beginning with Yanukovich and later by Poroshenko. This system is still working under the guidance of the current managerial board of the National Bank, ensuring that money flows in the interest of people who stole millions of dollars, took it offshore and bought Ukrainian public bonds turning them into the Ukrainian sovereign debt,” said Dubinsky, adding that “in both cases of Yanukovich and Poroshenko, Ms. Gontareva and companies she controls were investing the stolen funds.”

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This is how we roll.

What the Trump impeachment inquiry really shows is that elites on both ‘sides’ – Republican and Democrat, the Giulianis and Bidens of this world – are elbow-deep in money-laundering the plunder of the planet’s last resources. There are *no* good guys here – Jonathan Cook

Story About Migrant Children Scrubbed As UN Said It Happened Under Obama (RT)

Several news agencies have opted to delete a story stating that 100,000 migrant children were detained in US border facilities after the United Nations clarified that the number is years old, predating the age of Trump. After media outlets published stories trumpeting the 100,000 figure earlier this week, based on the word of UN refugee specialist Manfred Nowak, the expert was forced to correct his initial statement on Tuesday. As it turns out, the figure Nowak cited to reporters dates back to 2015, meaning the dramatic number of detentions he revealed occurred under the watch of President Barack Obama, rather than Donald Trump, who is often assailed by progressive critics over his border policies.


Instead of issuing corrections, however, Nowak’s clarification prompted several outlets to withdraw their stories altogether, including Reuters and AFP, who both said no replacement story would be forthcoming. Once responsibility for the vast number of detentions was passed from Trump to Obama, however, Nowak decided to clarify further that the 100,000 figure referred to the cumulative number of migrant children detained at any point in 2015, rather than all at one time, another caveat he apparently forgot to explain to reporters previously. Despite frequent and vocal criticisms of President Trump’s border policies, his predecessor’s approach to immigration was not entirely different, even earning Obama the moniker of “Deporter in Chief.” During his first term, President Obama deported some 400,000 migrants each year, setting a record for himself in 2012 at over 409,000. President Trump, meanwhile, has deported fewer than 300,000 each year since taking office in 2017.

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I have the impression they make these statements every now and then just to make markets go up, not because they’re real.

China Says Will Strive To Reach ‘Phase One’ Trade Deal With US (R.)

China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unraveling. China is willing to work with the United States to resolve each other’s core concerns on the basis of equality and mutual respect, and will try hard to reach a “phase one” deal, Gao Feng, spokesman at the ministry, told reporters. “This is in line with the interests of both China and the United States, and of the world,” Gao said. Economists warn that the prolonged trade dispute between China and the United States is escalating risks to the global economy by disrupting supply chains, discouraging investment and dampening business confidence.


Completion of a phase one deal could slide into next year, trade experts and people close to the White House told Reuters previously, as Beijing presses for more extensive tariff rollbacks and the U.S. administration counters with heightened demands of its own. Officials from Beijing had suggested that Chinese President Xi Jinping and U.S. counterpart Donald Trump might sign a deal in early December. Some experts said the next date to watch was Dec. 15, when U.S. tariffs on about $156 billion in Chinese goods are set to take effect, including holiday gift items such as electronics and Christmas decorations.

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I’m tired of the Brexit issue, but I like Craig Murray, so here.

Do Not Despair of This Election (Craig Murray)

I have had moments in the last few days which led me to feel pretty hopeless. Perhaps the worst was in the ITV debate when Corbyn was roundly jeered by a substantial section of the audience for stating that climate change impacted hardest on the poorest people in the poorest countries. That encapsulated for me the current far right political climate in England, dominated by boorish, selfish stupidity. I do not come from a left wing political background and I have never subscribed to the romanticisation of “the people”. Years living in the UKIP heartland of Ramsgate made me realise that “the people” en masse can be very unpleasant and racist indeed. I have always for that reason eschewed direct democracy and subscribed to a very Burkean view.

That however falls down when, as now, you have a political class who are becoming even more base and vicious than the most unpleasant mob. But the growl of that studio audience, infuriated that Corbyn cared about the foreign poor, is a warning klaxon of the state of English society. A close second despair-inducing moment was Jo Swinson’s interview following the debate when, asked if she would press the nuclear button, she replied without a millisecond of hesitation: “yes”. As I reported last week, when asked at the Lib Dem campaign launch why she would not put Corbyn into Downing St in any circumstances, she had instantly replied that he would not be prepared to instruct submarine commanders to fire nuclear weapons. sThe woman is deranged.

I come from a Liberal tradition. Probably the two books which most influence my thinking are On Liberty by John Stuart Mill and Imperialism, A Study by J A Hobson. The line of British liberal thinking that comes down through writers including Hazlitt, Shelley, Byron, Carlyle, Mill, Hobson, Russell and Keynes is a tradition which looks set to disappear from British political thought. That makes me horribly sad. One thing I am sure of is that Swinson has read none of them. That the Lib Dems had moved economically so far to the right was already worrying me. Their completely illiberal opposition to Scottish Independence upset me still further. But that the party to which I belonged for 30 years and which was once led by my friend, the gentle and wise Charlie Kennedy, could now be led by an arm whirling, narcissistic, female version of Dr Strangelove, is beyond my wildest nightmares.

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And these are still the good times.

‘Downward Mobility’ A Reality For Many British Youngsters Today (G.)

Downward mobility – the phenomenon of children doing less well than their parents – will become a reality for young people today unless society makes dramatic changes, according to two of the UK’s leading experts on social policy. The UK is among the worst of the developed countries for social mobility. It appears increasingly unlikely that people will be able to escape economic disadvantages linked to their background. However, in a paper published by the London School of Economics’ Centre for Economic Performance (CEP), Lee Elliot Major and Stephen Machin warn that even the “dream of just doing better, let alone climbing the social ladder, is disappearing”.


Elliot Major is chief executive of the Sutton Trust, a UK foundation improving social mobility, and an adviser to the Office for Fair Access, while Machin is a professor of economics at the LSE and director of the CEP. Downward mobility is already in evidence in home ownership, according to research the pair have done for their book, What Do We Know and What Should We Do About Social Mobility?, which is due to be published in 2020. The pair found that people aged 42 in 2012, with parents who did not own their own homes, were 15% less likely to own a home than those who were 42 in 2000. “Thus the generational divide in the housing market has worsened significantly as intergenerational home ownership mobility fell,” Elliot Major said.

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I like this story, but I don’t see why the author limits himself to those two countries.

A Deadly Game of Chicken in Iraq and Lebanon (Cambanis)

The popular revolts in Iraq and Lebanon may be against different governments, but they represent a linked challenge to despotism and regime violence in the Arab world. And both share a central element: They are quintessential showdowns. Because the regimes refuse to consider incremental reform, the only way forward is to win. Defeat, for either side, will be absolute. Gradual reform might be the best theoretical outcome for these troubled states, but, alas, it isn’t on offer. To that end, demonstrators have put their lives on the line for months on end to demand change. It’s a risky move. They’re making it impossible for the ruling clique to continue its extractive rule, leaving it with only two choices: destroy the demonstrations, or change their ways.

But the demonstrators are using the only method available, short of resorting to an armed rebellion or a coup, to resist predatory regimes that foreclose any reasonable attempt at incremental or democratic reform. In both cases, the popular movements have internalized some of the lessons of the Arab revolts that came before: Issue concrete demands, pay attention to the national political narrative, try to persuade the wider public, and innovate tactics in order to maintain momentum. (Unfortunately, they’re less clear on the benefits of naming leaders and contesting hard-power institutions.) Regimes have studied the other revolts too, and as a result have opted to use force from the get-go—in Iraq’s case, lethal force. If the protests subside or fracture, the ruling authorities will use all the tools at their disposal to destroy them.

The zero-sum nature of the revolts stems from the recalcitrance of the regimes. They are unable to reform even slightly, because their entire system is built around extraction, rather than governance. Traditionally, even a corrupt regime benefits from economic growth—there’s more to steal. But the regimes in Iraq and Lebanon have opted to rely on mainline extortion and Ponzi schemes. Even disruption and collapse that harm the population can benefit the rulers. The governors no longer share common interests with the governed. That disconnect fuels the popular desire for a radical overhaul of the system.

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Carrie Lam has nothing to say. Beijing rubbishing the High Court ruling on face masks made that clear – again.

Why Won’t Carrie Lam Allow An Independent Inquiry? (SCMP)

In the street a few days ago, a young woman approached me with a simple question, “Mrs Chan, what can be done?” How I wish I had an answer or, rather, how I wish I had an answer that our Chief Executive Carrie Lam Cheng Yuet-ngor and her team of advisers would act on. The Hong Kong government is effectively dead in the water, unable to either do what must be done to defuse the crisis, or convince its masters in Beijing that clamping down harder on the protests is not a solution. After more than five months of increasingly violent unrest, there is not one scintilla of evidence to support this strategy. On the contrary, it is clear that anger at and, in some cases, downright hatred of the police has been the trigger for protesters’ more extreme reactions.


There is much talk of the need for dialogue. But just as you need two to tango, dialogue requires the participation of two parties at least willing in principle to work to find some common ground on which to build reconciliation, something that is currently sorely lacking. The shocking escalation in violence that we have witnessed over the past two weeks underlines the urgency for both sides to step back from the brink, before further deaths and serious injuries occur. The wanton destruction of our campuses, railway stations and shopping malls, the blocking of key motorways and attacks on ordinary citizens simply trying to get to work are not just unacceptable, they are becoming counterproductive.

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That was not obvious yet?

Jeffrey Epstein Guests Were Secretly Filmed In Every Bedroom And Toilet (Sun)

Jeffrey Epstein’s guests were secretly filmed in every bedroom and toilet of his New York City home, one of his accusers has claimed. Maria Farmer alleges she was abused by the disgraced paedo when she was a 26-year-old aspiring model in 1996. The now 49-year-old told CBS This Morning how Epstein’s’ home was under constant TV surveillance. She told co-host Anthony Mason how Epstein showed her the ‘media room’. Maria said: “The main thing he did when I walked in and thought was interesting, he showed me where the men monitoring everything were. “So if you’re facing the house, there’s a window on the right that’s barred – that’s the room, the ‘media room’ is what he called it.

“And so there was a door that looked like an invisible door with all this limestone and everything and you push it and you go in and I saw all the cameras. She then points to how she remembers the televisions were stack on top of each other. Maria said: “What it was – was like old televisions basically, like stacked.” “They were monitors inside this cabinet and there were men sitting here and I looked on the cameras and I saw toilet, toilet, bed, bed, toilet, bed. “And I was like I’m never going to use the restroom here and I am never going to sleep here.” In the same interview, Maria labelled Prince Andrew “revolting and disgusting” over his BBC Newsnight interview.

After watching the Duke of York’s interview about his links with his paedo pal Epstein, Maria said of the prince: “He is revolting and disgusting. Shame on you! “I would like to know why is his memory so poor? Does he really believe that we can think that at his age he forgets these things?”

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All China’s ever done is to pay lip service to the issue. Most of those new coal plants have been in the planning for a long time.

China’s Appetite For Coal Power Returns Despite Climate Pledge (G.)

China’s growing appetite for new coal-fired power stations has outstripped plant closures in the rest of the world since the start of last year, data shows. Elsewhere countries reduced their capacity by 8GW in the 18 months to June because old plants were retired faster than new ones were built. But over the same period China increased its capacity by 42.9GW despite a global move towards cleaner energy sources and a pledge to limit the use of coal. Christine Shearer, an analyst at the NGO Global Energy Monitor, said: “China’s proposed coal expansion is so far out of alignment with the Paris agreement that it would put the necessary reductions in coal power out of reach, even if every other country were to completely eliminate its coal fleet.”

More than 30 countries plan to phase out coal-fired power to help reduce carbon emissions and keep global temperatures from rising to catastrophic levels. The UK has just five coal-fired power stations, with one in south Wales scheduled to close next year and two more to be converted to gas within the next two years. Global Energy Monitor said the gulf between China and other countries was on track to widen as Beijing pursued plans to build more new plants than the rest of the world combined. China is also helping to finance a quarter of all the new coal projects in the rest of the world, including in South Africa, Pakistan and Bangladesh.

China’s coal investments, including domestic projects, mean it is backing more than half of all global coal power capacity under development. The country has a pipeline of 147GW of coal plants that are either under construction or suspension but are likely to be revived, the report says. This is more than all existing coal plants in the EU combined and almost 50% higher than the 105GW of capacity planned in the rest of the world.

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Nov 202019
 
 November 20, 2019  Posted by at 10:10 am Finance Tagged with: , , , , , , , , , ,  14 Responses »


Dorothea Lange Miserable poverty. Elm Grove, Oklahoma County, OK 1936

 

Australia’s Westpac Bank Slapped With 23 Million Money Laundering Breaches (R.)
UN Demands ‘Full Investigation’ After Sweden Drops Assange Rape Probe (RT)
Swedish Decision To Drop Rape Probe Comes Too Late To Help Assange (Szamuely)
Statement For Aaron Swartz Day 2019 (Chelsea Manning )
Massive ‘Dark-Money’ Group Boosted Democrats In 2018 (Pol.)
Another Congresswoman Lashes Out At The Hill (Pol.)
FBI CItes Strzok For Misconduct, ‘Exceptionally Poor Judgment’ (Solomon)
Beijing’s Angry Reaction To High Court Mask Ruling Sparks Concern (SCMP)
China Vows To Retaliate If Trump Signs Hong Kong Democracy Act Into Law (SCMP)
Reclaiming Your Inner Fascist (C.J. Hopkins)
Fossil Fuel Production On Track For Double The Safe Climate Limit (G.)

 

 

“The regulator is pursuing fines of up to A$21 million ($14 million) for every transaction Westpac failed to monitor adequately or report on time.”

How much is 23 million times $14 million?

Australia’s Westpac Bank Slapped With 23 Million Money Laundering Breaches (R.)

Regulators accused Australia’s Westpac of 23 million breaches of anti-money laundering laws, saying the banking giant ignored red flags and for years enabled payments from convicted child sex offenders and “high risk” countries. The oversight failure at Australia’s second-largest bank led to deep systemic non-compliance with anti-money laundering laws, financial crime watchdog AUSTRAC said in a civil court filing on Wednesday. The regulator is pursuing fines of up to A$21 million ($14 million) for every transaction Westpac failed to monitor adequately or report on time.


The lawsuit dwarfs a case AUSTRAC brought against larger Commonwealth Bank of Australia which agreed last year here to pay a record A$700 million penalty after admitting to allowing 53,750 payments that violated similar protocols. It also brings fresh scrutiny to an industry still trying to rebuild community trust after a bruising Royal Commission public inquiry. “These contraventions are the result of systemic failures in its control environment, indifference by senior management and inadequate oversight by the Board,” AUSTRAC said in the court filing.

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In case you forgot Melzer represents the UN. When he speaks, the UN speaks. When he is ignored, the UN is ignored.

UN Demands ‘Full Investigation’ After Sweden Drops Assange Rape Probe (RT)

The UN’s Special Rapporteur on torture has called for a “full investigation” into the role Sweden played in driving WikiLeaks founder Julian Assange into asylum and eventual custody, after the rape case against him was dropped. Swedish prosecutors announced on Tuesday that they would drop a dubious rape inquiry against Assange, as oral testimony against the publisher had “weakened,” and corroborating evidence was not strong enough to pursue a case. A Swedish arrest warrant was issued against assange in 2010, and a British court upheld a decision to extradite him in 2012. Threatened with what many saw as a politically motivated extradition, Assange sought refuge in London’s Ecuadorian embassy.

“Today’s collapse of Sweden’s #Assange investigation was inevitable,” rapporteur Nils Melzer tweeted on Tuesday. “Given its gross arbitrariness, there must now be a full investigation, and accountability & compensation for the harm inflicted on #JulianAssange.” Melzer had previously claimed that Assange was subjected to “psychological torture” and had his due process rights “systematically violated” by the governments of Britain and Sweden. The WikiLeaks founder is still languishing in a maximum security unit at Belmarsh prison, awaiting a hearing on extradition to the US, where he potentially faces 175 years behind bars for publishing leaked military documents. In a document tweeted by Melzer, the envoy accuses Sweden of “actively and knowingly” contributing to Assange’s torture, and accuses prosecutors there of working in tandem with Britain’s Crown Prosecutorial Service to keep the case against Assange alive in the face of exculpatory evidence.

With the rape case against him dropped, some commentators have warned that the path to extradition to the US may now be clearer. WikiLeaks editor-in-chief Kristinn Hrafnsson told supporters that their focus should now shift to the most important “threat” that Assange was “warning about for years: the belligerent prosecution of the United States and the threat it poses to the First Amendment.”

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Not the strongest piece by George Szamuely. I like this tweet of his better:

“The Ukrainian people are fighting Russia over there, so we don’t have to fight Russia over here”–thus Tim Morrison. There’s definitely a lunatic asylum in which these sick individuals dwell. I guess it’s the US national security establishment.”

Swedish Decision To Drop Rape Probe Comes Too Late To Help Assange (Szamuely)

The Swedish prosecutors’ decision to end the investigation of Julian Assange—for the third time—confirms that the sexual-misconduct accusations were always a cynical ploy to trap the publisher in a Kafkaesque legal proceeding. Swedish prosecutors today announced they were closing their nearly 10-year-old sexual-misconduct investigation of Julian Assange. The reason? The “evidence has weakened considerably due to the long period of time that has elapsed since the events in question.” However, the prosecutor tendentiously added, “the complaint was credible” but that corroborating evidence was not strong enough to pursue the case.

Let’s focus on the verbiage. Note first the use of the word “investigation.” This is very important, because contrary to what innumerable media outlets have reported during the past decade, the Swedes never charged Assange with anything, least of all “rape.” Following Assange’s arrest on April 11 of this year, there was a plethora of media stories informing us that there are outstanding rape charges pending against Assange in Sweden. Human Rights Watch chimed in, saying that Assange was facing a “rape charge” in Sweden. Jeremy Corbyn and the Labor Party feminists urged the UK government to extradite Assange to Sweden to face “rape charges.”

The Swedish case was a fraud. The prosecutors’ goal all along was to use their powerful coercive tools in order to trap Assange within a slow-moving legal proceeding from which he would be unable to escape, while the US prepared its criminal charges against him. Sadly, despite today’s announcement, the Swedes’ mission has been accomplished.

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Chelsea rocks.

Statement For Aaron Swartz Day 2019 (Chelsea Manning )

Good Evening Folks, I wish I could be there in person, but I appreciate this opportunity to summarize for you my letter to the court that ordered me to be confined, explaining why grand juries are so dangerous. I am not alone in objecting to the grand jury as a dangerous relic that has evolved in ways that increase its power without increasing its protections. I refuse to participate in a process that has clearly transformed into something that violates the spirit, if not the letter of the law. I am certainly not alone in thinking that the grand jury process, which at one time acted as an independent body of citizens along the lines of a civilian police review board, has slowly transitioned into an unbridled arm of the police and prosecution in ways that run contrary to its originally intended purpose.

Early grand juries acted independently, as investigations by citizens, ostensibly to protect citizens, not only from unjust indictments, but from unjust laws. In 2019, the federal grand jury exists as a mockery of the institution that once stood against the whims of monarchs. It guts the Fourth Amendment’s protections against unreasonable search and seizure, and the Fifth Amendment’s guarantees of due process. Today’s grand juries do not safeguard such fundamental rights and are easily subject to abuse. The tradition of using grand juries to jail political dissidents and activists is long. The ability of grand juries to be abused or used for political ends is entrenched and perpetuated by the fact that jeopardy doesn’t attach with a grand jury, so prosecutors can repeatedly bring the same charges.

Despite laws that require prosecutors to show new evidence or that it is in the public interest to extend or reconvene a grand jury, this is hardly an obstacle. For instance, Thomas Jefferson had to convene three separate grand juries in order to indict Aaron Burr for sedition – but he was able to continue to convene those grand juries until he obtained his desired indictment. During the McCarthy era, when people were publicly interrogated about their beliefs and associations, the public was eventually outraged, and the McCarthy hearings are widely seen as a disgraceful episode of modern history. However, these kinds of interrogations have now returned, and happen routinely, under the modern grand jury system.

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Business as usual.

Massive ‘Dark-Money’ Group Boosted Democrats In 2018 (Pol.)

The “green wave” of campaign cash that boosted Democrats and liberal causes in 2018 included an unprecedented gusher of secret money, new documents obtained by POLITICO show. The Sixteen Thirty Fund, a little-known nonprofit headquartered in Washington, spent $141 million on more than 100 left-leaning causes during the midterm election year, according to a new tax filing from the group. The money contributed to efforts ranging from fighting Supreme Court Justice Brett Kavanaugh and other Trump judicial nominees to boosting ballot measures raising the minimum wage and changing laws on voting and redistricting in numerous states. The spending was fueled by massive anonymous donations, including one gift totaling $51.7 million.

That single donation was more than the group had ever raised before in an entire year before President Donald Trump was elected. Most of the group’s funders are likely to remain a mystery because federal law does not require “social welfare”-focused nonprofits to reveal their donors. The group’s 2018 fundraising surpassed any amount ever raised by a left-leaning political nonprofit, according to experts, who pointed to the Koch network and the Crossroads network as rare right-leaning groups that posted bigger yearly fundraising totals at the height of their powers. The Sixteen Thirty Fund’s rise last year is a sign that Democrats and allies have embraced the methods of groups they decried as “dark money” earlier this decade, when they were under attack from the money machines built by conservatives including the Kochs.

“In terms of the size of dark money networks, there are only a few that have gone into the $100 million-plus range,” said Robert Maguire, the research director for the watchdog group Citizens for Responsibility and Ethics in Washington and an expert in political nonprofits. “These kinds of totals aren’t unheard of,” Maguire added. “I do think they’re unheard of on the liberal side. I think that’s what’s so striking about this.”

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@RepMikeTurner : Did he ever say to you that he was not going to allow aid with the US to go to Ukraine unless there were investigations into Burisma, the Bidens or the 2016 election?

VOLKER: No he did not.

It’s open season on John Solomon. By the way, Marie Yovanovitch has denied the existence of a Don’t Prosecute list, and all kinds of people say Lutsenko denied it too. Solomon says he did not.

Another Congresswoman Lashes Out At The Hill (Pol.)

Florida Congresswoman Val Demings questioned Tuesday whether the The Hill is “fair and unbiased” during an exchange with a reporter from the publication, the second of such incidents in recent days. California Rep. Jackie Speier, who is also a Democrat, told a Hill reporter on Friday that it was “reprehensible” that the paper published columns by John Solomon, a conservative journalist who helped ignite the Ukraine scandal and whose work has been promoted by President Donald Trump and his allies. Demings said Tuesday she had “not heard good things recently” about The Hill in response to tech policy reporter Emily Birnbaum identifying herself before asking a question about a short-term funding bill to avoid a government shutdown, according to audio of the exchange reviewed by POLITICO.

“Recently, I have not heard good things about The Hill being fair and impartial and unbiased… and that concerns me because any story we’re telling needs to be fair and unbiased and impartial,” Demings told Birnbaum during the exchange in the speaker’s lobby, which was witnessed by other reporters. Demings answered Birnbaum’s question and agreed it was fair. Though Demings did not mention Solomon specifically, the former employee’s work has come under increasing scrutiny and has put The Hill under the media spotlight. ProPublica recently explored Solomon’s relationship with associates of Trump lawyer Rudy Giuliani and CNN looked Monday night at the connection between The Hill’s owner, Jimmy Finkelstein, and Trump, Giuliani and Solomon.

Solomon’s work has come up several times during impeachment testimony. Former U.S. ambassador Marie Yovanovitch on Friday denied an allegation from Ukraine’s former top prosecutor that she gave Ukraine’s then-top prosecutor a list of who not to prosecute. “Yovanovitch says John Solomon’s columns were used to push false allegations,” read a headline in The Hill. Solomon, who left The Hill in September and his now a contributor for Fox News, where he was a frequent guest this past year, has repeatedly defended his reporting. “I stand by each and every one of the columns that I wrote and that The Hill (both editors and lawyers) carefully vetted,” Solomon told POLITICO on Friday. “All facts in those stories are substantiated to original source documents and statements.”

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So the best thing Solomon can do is do his job: report.

FBI Cites Strzok Cited For Misconduct, ‘Exceptionally Poor Judgment’ (Solomon)

This summer, ex-FBI agent Peter Strzok filed a lawsuit suggesting his firing was political retribution for having run the bureau’s counterintelligence investigation into the now debunked allegations that Donald Trump and Russia colluded to hijack the 2016 election. The Justice Department has responded to the lawsuit in a big way, releasing to the court presiding over the civil case Strzok’s official misconduct file that concluded the former FBI supervisor exhibited “a gross lack of professionalism and exceptionally poor judgment.” It shows the FBI substantiated that Strzok had engaged in dereliction of duty, had committed misconduct through the expression of anti-Trump bias on his official FBI phone and committed security violations by performing official government work on personal email.

The records show one official recommended termination, and another recommended suspension for 60 days without pay. The bureau leadership chose the more severe of the two penalties, terminating Strzok last year. The dereliction of duty citation involved Strzok’s failure, according to the FBI, to quickly follow up in fall 2016 after the belated discovery of a trove of Hillary Clinton emails on a laptop belonging to former Congressman Anthony Weiner and his wife, Clinton aide Huma Abedin. Strzok was supervising the investigation of whether Clinton’s use of personal email for classified State Department matters created a security risk, and his failure caused an unnecessary delay to evaluate the new evidence just weeks before Election Day, the FBI concluded.

The disciplinary file included testimony from one of Strzok’s colleagues, a fellow agent, about the failure to respond to the discovery of emails. “The crickets I was hearing was making me uncomfortable because something was going to come crashing down,” the agent testified. “….I still to this day don’t understand what the hell went wrong.” The agent testified he feared “somebody was not acting appropriately, somebody was trying to bury this” discovery of new Clinton email evidence, the files show. Strzok offered a bevy of excuses for his inaction, including he was busy working the Trump-Russia case at the time. All were rejected. “The investigation reveals that there is no reasonable excuse for the FBI’s delay in following up on this matter,” the disciplinary file concluded.

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Why does Hong Kong still have courts?

Beijing’s Angry Reaction To High Court Mask Ruling Sparks Concern (SCMP)

There was a swift response from Beijing when the High Court ruled on Monday that the Hong Kong government’s anti-mask law was unconstitutional. Central government officials criticised the court for failing to support the government in its efforts to end more than five months of increasingly violent social unrest. For the first time, they suggested that the city’s courts do not have the power to declare a local law invalid by checking it against the Basic Law, the city’s mini-constitution. China’s top legislative affairs body argued that only the national legislature had the right to decide on issues of constitutionality.


Beijing’s reaction left its critics in Hong Kong fearing for the erosion of the city’s independent judiciary. They also feared that Beijing would decide to hand down its own interpretation of the Basic Law and overturn the court ruling. But members of the pro-establishment camp dismissed those concerns, saying Beijing was only reiterating its position. What are the key issues in the controversy over the court ruling?

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Remember: Hong Kong won’t become Chinese until 2037.

China Vows To Retaliate If Trump Signs Hong Kong Democracy Act Into Law (SCMP)

China summoned a senior United States diplomat on Wednesday as it warned it would retaliate if US President Donald Trump signed the Hong Kong Human Rights and Democracy Act into law, after the act was passed by the US Senate. In a statement, the Chinese foreign ministry said Foreign Vice-Minister Ma Zhaoxu had summoned William Klein, the US embassy’s Minister Counsellor for Political Affairs. “China will take strong opposing measures, and the US has to bear all the consequences,” the statement said, after Congress’ upper chamber passed the act – which could pave the way for diplomatic action and economic sanctions against Hong Kong’s government.


It was the second time China had summoned a US diplomat since anti-government protests in Hong Kong began five months ago, triggered by a now-withdrawn extradition bill that would have allowed the transfer of criminal suspects to mainland China’s opaque legal system. In June, Robert Forden, Deputy Chief of Mission at the US embassy in Beijing, was summoned by Foreign Vice-Minister Le Yucheng. Klein was summoned after foreign ministry spokesman Geng Shuang said that any attempt by the US to interfere in China’s internal affairs would be in vain. “We call on the US side to take a clear look at the situation and take steps to stop the act from becoming a law, and stop meddling in the internal affairs of China and Hong Kong, to avoid setting a fire that would only burn itself,” Geng said in a statement. “If the US sticks to its course, China will surely take forceful measures to resolutely oppose it to safeguard national sovereignty, security and development interest.”

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If the treatment of Assange shows you anything, it’s that you live in a fascist world.

Reclaiming Your Inner Fascist (C.J. Hopkins)

OK, we need to talk about fascism. Not just any kind of fascism. A particularly insidious kind of fascism. No, not the fascism of the early 20th Century. Not Mussolini’s National Fascist Party. Not Hitler’s NSDAP. Not Francoist fascism or any other kind of organized fascist movement or party. Not even the dreaded Tiki-torch Nazis. It’s the other kind of fascism we need to talk about. The kind that doesn’t come goose-stepping up the street waving big neo-Nazi flags. The kind we don’t recognize when we’re looking right at it. It’s like that joke about the fish and the water … we don’t recognize it because we’re swimming in it. We’re surrounded by it. We are inseparable from it. From the moment we are born, we breathe it in.

We are taught it by our parents, who were taught it by their parents. We are taught it again by our teachers in school. It is reinforced on a daily basis at work, in conversations with friends, in our families and our romantic relationships. We imbibe it in books, movies, TV shows, advertisements, pop songs, the nightly news, in our cars, at the mall, the stadium, the opera … everywhere, because it is literally everywhere. It doesn’t look like fascism to us. Fascism only looks like fascism when you’re standing outside of it, or looking back at it. When you are in it, fascism just looks like “normality,” like “reality,” like “just the way it is.”

We (i.e., Americans, Brits, Europeans, and other citizens of the global capitalist empire) get up in the morning, go to work, shop, pay the interest on our debts, and otherwise obey the laws and conform to the mores of a system of power that has murdered countless millions of people in pursuit of global-hegemonic dominance. It has perpetrated numerous wars of aggression. Its military occupies most of the planet. Its Intelligence agencies (i.e., secret police) operate a worldwide surveillance apparatus that can identify, target, and eliminate anyone, anywhere, often by remote control. Its propaganda network never sleeps, nor is there any real way to escape its constant emotional and ideological conditioning.

The fact that the global capitalist empire does not call itself an empire, and instead calls itself “democracy,” doesn’t make it any less of an empire. The fact that it uses terms like “regime change” instead of “invasion” or “annexation” makes very little difference to its victims. Terms like “security,” “stability,” “intervention,” “regime change,” and so on are not meant for its victims. They are meant for us … to anesthetize us. The empire is “regime-changing” Bolivia currently. It has “regime-changed” most of Latin America at one time or another since the Second World War. It “regime-changed” Iraq, Libya, Yugoslavia, Indonesia … the list goes on. It very much wants to “regime-change” Iran, which it “regime-changed” back in the 1950s, before the Iranians “regime-changed” it back. It would love to “regime-change” Russia and China, but their ICBMs make that somewhat impractical.

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Lip service.

Fossil Fuel Production On Track For Double The Safe Climate Limit (G.)

The world’s nations are on track to produce more than twice as much coal, oil and gas as can be burned in 2030 while restricting rise in the global temperature to 1.5C, analysis shows. The report is the first to compare countries’ stated plans for fossil fuel extraction with the goals of the Paris climate agreement, which is to keep global heating well below 2C above pre-industrial levels, and to aim for 1.5C. It exposes a huge gap, with fossil fuel production in 2030 heading for 50% more than is consistent with 2C, and 120% more than that for 1.5C. Scientists have warned that even the difference between 1.5C and 2C of heating will expose hundreds of millions of people to significantly higher risks of extreme heatwaves, drought, floods and poverty.

The report was produced by the UN Environment Programme and a coalition of research organisations. It complements an earlier UN analysis showing the current Paris agreement pledges to cut emissions would still lead to a catastrophic 3-4C rise. “We’re in a deep hole – and we need to stop digging,” said Måns Nilsson, executive director of the Stockholm Environment Institute (SEI), which was part of the analysis. “Despite more than two decades of climate policymaking, fossil fuel production levels are higher than ever.” Most action to tackle the climate crisis involves reducing emissions, but Inger Andersen, head of the UN Environment Programme, said a focus on fossil fuel production was long overdue.

Most of the action pledges made by countries under the Paris deal do not even mention changes to production. The UK is a “striking” example of this mismatch, said Cleo Verkuijl, at the SEI’s centre in Oxford, UK. It was the first major economy to commit to net zero emissions by 2050, she said, but also subsidises fossil fuel production at home and abroad and intends to extract “every drop of oil and gas” from its North Sea fields.

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Nov 192019
 
 November 19, 2019  Posted by at 9:50 am Finance Tagged with: , , , , , , , , , , , , ,  15 Responses »


Pablo Picasso Female bust 1943

 

Adam Schiff Validated My Reporting On Ukraine (John Solomon)
The Hill Reviewing John Solomon Articles After Ambassador Refutes Claims (ZH)
Trump’s Ukraine Scandal Rooted In Fear Of Biden (Hill)
Ukraine MP Says Burisma Financed Clinton Campaign With $10M Unmarked Cash (CDM)
House Investigating Whether Trump Lied To Mueller (CNN)
Entertaining Questions (Jim Kunstler)
Hong Kong Anti-Mask Law Ruled Unconstitutional By High Court (SCMP)
China Says Hong Kong Courts Have No Power To Rule On Face Mask Ban (R.)
Emirates Orders 50 Airbus A350 Jets In A Revised Deal Worth $16 Billion (CNBC)
Airbus Secures 120 Plane Order From Air Arabia (CNBC)
FedEx CEO challenges NYT publisher to public debate after tax story
Georgian Riot Police Disperse Anti-Govt Rally In Tbilisi (RT)
The Roger Stone – Wikileaks – Russia Hoax (Craig Murray)
The Most Spied Upon Building On Earth (Maurizi)

 

 

I guess it’s official: John Solomon is no longer at The Hill. Still don’t know why; did I miss something?

Adam Schiff Validated My Reporting On Ukraine (John Solomon)

While the jury is still out on high crimes and misdemeanors, Schiff has managed to produce during the first few weeks of his impeachment hearings a robust body of evidence and testimony that supports all three of the main tenets of my Ukraine columns. In fact, his witnesses have done more than anyone to affirm the accuracy of my columns and to debunk the false narrative by a dishonest media and their friends inside the federal bureaucracy that my reporting was somehow false conspiracy theories. The half dozen seminal columns I published for The Hill on Ukraine were already supported by overwhelming documentation (all embedded in the story) and on-the-record interviews captured on video. They made three salient and simple points:

• Hunter Biden’s hiring by the Ukrainian gas firm Burisma Holdings, while it was under a corruption investigation, posed the appearance of a conflict of interest for his father. That’s because Vice President Joe Biden oversaw US-Ukraine policy and forced the firing of the Ukrainian prosecutor overseeing the case.
• Ukraine officials had an uneasy relationship with our embassy in Kiev because State Department officials exerted pressure on Ukraine prosecutors to drop certain cases against activists, including one group partly funded by George Soros.
• There were efforts around Ukraine in 2016 to influence the US election, that included a request from a DNC contractor for dirt on Manafort, an OpEd from Ukraine’s US ambassador slamming Trump and the release of law enforcement evidence by Ukrainian officials that a Ukraine court concluded was an improper interference in the US election.

All three of these points have since been validated by the sworn testimony of Schiff’s witnesses this month, starting with the Bidens. Deputy Assistant Secretary of State George Kent testified he believed the Burisma-Bidens dynamic created the appearance of a conflict of interest, and that State officials viewed Burisma as having a corrupt relationship. Kent testified State’s sentiments were so strong that he personally intervened in 2016 to stop a joint project between one of his department’s agencies and Burisma. When asked why, he answered: “Burisma had a poor reputation in the business, and I didn’t think it was appropriate for the U.S. Government to be co-sponsoring something with a company that had a bad reputation.”

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The “problem” with Solomon is he’s thorough and well-documented. Look forward to him commenting on any potential edits to his articles.

The Hill Reviewing John Solomon Articles After Ambassador Refutes Claims (ZH)

The Hill will be reviewing articles written by former contributor John Solomon after allegations by US Ambassador Marie Yovanovitch that he facilitated a smear campaign. “Because of our dedication to accurate non-partisan reporting and standards, we are reviewing, updating, annotating with any denials of witnesses, and when appropriate, correcting any opinion pieces referenced during the ongoing congressional inquiry,” reads an internal email from Editor-In-Chief Bob Cusack obtained by CNN’s Oliver Darcy. Yovanovitch testified last week that the president’s allies, including Trump lawyer Rudy Giuliani, attacked her with false allegations that she was undermining the Trump administration’s agenda and badmouthing the president.


She claims Solomon was part of this effort – penning articles in The Hill containing the trash-talking claims as well as an allegation that she gave Ukrainian prosecutor Yuriy Lutsenko a “do not prosecute list,” which both Yovanovitch and the State Department have pushed back on. Lutsenko changed his story, telling the New York Times there was no such list. He is currently facing allegations related to abuse of power. In response to the review, Solomon tweeted: “I welcome The Hill’s review of my Ukraine columns and suggested it myself a month ago. I believe it won’t be hard for The Hill to review these since all my source documents and original interviews are linked for all to see. Plus witnesses have affirmed much of what I wrote.”

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What the Hill publishes these days is smut like this. Toeing the line of the empire. The entire inquiry rests on the assumption that Trump is afraid of Biden. Is he though? Or does he want to find out what happened in 2016?

Trump’s Ukraine Scandal Rooted In Fear Of Biden (Hill)

Why is President Trump so nervous about the 2020 race? He has a record amount of campaign cash. Russian bots are still working for him. And he still has the backing of more than 80 percent of his party. So, how do I know he’s so nervous? As Trump loves to say: Read the transcript. At the heart of the phone call that has led to impeachment hearings is Trump going out on a shaky limb to ask Ukrainian President Volodymyr Zelensky for a “favor.” That “favor” included a request for Zelensky to investigate former Vice President Joe Biden and Biden’s son, Hunter. The only reason for Trump to risk asking a foreign leader for help getting political dirt on an opponent is that he feared that rival’s power.


And that November 2020 powerhouse in Trump’s mind is Biden. Recall that in June, Trump’s anxiety was on display when he insisted his campaign fire some its pollsters after internal polls showed him losing in Michigan and Wisconsin to Biden. Trump’s shaky nerves went public again in July when a Fox News poll showed him losing to Biden — by a lot. Trump went ballistic and attacked Fox. The president still has every reason to be nervous about a possible match-up with Biden because polls continue to show the Democrat beating him badly. If Biden, a well-liked moderate, is the nominee the election becomes a referendum on Trump. With an approval rating hovering in the mid-to-low 40s, that is not good news for the president.

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Well, this is what happened in 2016. Still nothing to investigate the Bidens on?

Ukraine MP Says Burisma Financed Clinton Campaign With $10M Unmarked Cash (CDM)

CD Media has been steadily breaking news on American government and Obama Administration corruption in Ukraine as the impeachment inquiry scam heats up in Washington, D.C. Although we have provided plenty of evidence of organized crime emanating from the State Department and elsewhere in the U.S. governmental infrastructure in Kyiv, many still wonder why the Democrats are so rabid to stop Trump from having a second term. Well, now we believe we are getting closer to the answer.

[..] “In 2015, Burisma was considered a corrupt company, but a very lucrative and powerful one. Poroshenko was trying to ‘get in’ and get a piece of the action [CD Media has reported how Poroshenko also wanted Privat Bank for the same reason]. So, essentially Zlochevsky [Mykola Zlochevsky – oligarch owner] brought in Biden for protection, and the Biden family got paid of course. No one would mess with Burisma with the Vice President involved. Zlochevsky showed everyone Biden was on the board pushing his father’s name. The problem with the ‘corrupted company’ label in the United States went away quickly in about three months. It was amazing. “And of course, Burisma also helped the Clinton campaign prior to the election.”

How did they help we asked? “They paid them around $10 million.” Wouldn’t those wire transfers show up? we questioned. “This was Ukraine; everything was done with big bags of cash to the Clintons.” Onyshchenko then went on to describe how he was approached by prosecutors in the U.S. to testify in the United States on American corruption in Ukraine. He showed us a letter published below from the Department of Justice in 2016, where he says they provided him a temporary visa to come testify on the theft and money laundering of American aid to Ukraine, and on the illegal money to the Clintons. “Right before I was to leave for the U.S., I received notice that my visa had been cancelled due to the personal involvement of Vice President Joe Biden.

He made a personal phone call and the visa was cancelled. I guess he didn’t want me telling what I know so I didn’t make it to the United States to testify.” The cancellation of the visa has been confirmed by CD Media by a secondary source. Onyshchenko also reiterated that former FBI agent Karen Greenaway was pushing hard during this time for him to not talk to the press about his knowledge of the Biden scandal, holding the threat of American law enforcement action against him to do so. Greenaway has since retired from the FBI but remains in Ukraine involved with one of the Soros foundations. “She was pushing hard…for me to say nothing,” he declared. “She was running everything for the Democrats, all the coverup for the corruption.”

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Blah blah WikiLeaks.

House Investigating Whether Trump Lied To Mueller (CNN)

The House of Representatives is now investigating whether President Donald Trump lied to special counsel Robert Mueller in written answers he provided in the Russia investigation, the House’s general counsel said in federal court Monday. “Did the President lie? Was the President not truthful in his responses to the Mueller investigation?” House general counsel Douglas Letter told the US Court of Appeals for the District of Columbia Circuit about why the House now needs access to grand jury material Mueller collected in his investigation. The House’s arguments Monday draw new focus to whether Trump had lied to Mueller following public revelations at Roger Stone’s trial this month.

Former Trump deputy campaign chairman Rick Gates testified that Trump and Stone talked about information that was coming that could help the campaign in mid-2016, at a time when Stone was attempting to get secret details about stolen Democratic documents WikiLeaks had. Former Trump campaign chairman Paul Manafort also apparently told the Mueller grand jury what Trump’s approach to WikiLeaks had been in 2016, according to the Mueller report. But Trump told Mueller in his written statements he didn’t recall discussing WikiLeaks with Stone. The Gates testimony adds further significance to Congress’ desire to see the redacted material.

The question of whether Trump obstructed justice, including potentially lying to Mueller, has for months been a part of the House Judiciary Committee’s wider review of potential obstruction in the wake of the Mueller report. The House previously reviewed most of what Mueller had written in his final report, including parts kept from the public. But the House hasn’t been able to see what Manafort told the grand jury, which Mueller apparently described in his report. In the Mueller report, grand jury details are redacted related to a sentence describing Manafort speaking with Trump after WikiLeaks’ first release, in July 2016.

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“Messers, Brennan, Clapper, Comey, Rosenstein, McCabe, Strzok, Halper, Ms. Page, et. al — and, if real justice is on order, not a few figures lurking in the Deep State deep background — John Carlin, Bill Priestap, Dana Boente, Michael Gaeta, Sally Yates, Loretta Lynch, Susan Rice, Samantha Power, and perhaps even the archangel Barack Obama..”

Entertaining Questions (Jim Kunstler)

Mr. Barr declared unambiguously and in plain English that “in waging a scorched earth, no-holds-barred war of ‘Resistance’ against this Administration, it is the Left that is engaged in the systematic shredding of norms and the undermining of the rule of law.” Is any part of that unclear? The confounded might take in this more detailed lesson in recent history from the speech:

“Immediately after President Trump won election, opponents inaugurated what they called ‘the Resistance,’ and they rallied around an explicit strategy of using every tool and maneuver available to sabotage the functioning of his administration. Now, ‘resistance’ is the language used to describe insurgency against rule imposed by an occupying military power. It obviously connotes that the government is not legitimate. This is a very dangerous — indeed incendiary — notion to import into the politics of a democratic republic. What it means is that, instead of viewing themselves as the “loyal opposition,” as opposing parties have done in the past, they essentially see themselves as engaged in a war to cripple, by any means necessary, a duly elected government.”

And anyone who takes in the nauseating spectacle of Congressman Adam Schiff’s House Intel Committee impeachment process can see that shredding of norms on full shameless display, where the attempted defense of nakedly absurd charges against the president is thwarted by a chicane of deceitful rules outside any concept of due process, concocted by Mr. Schiff and his task force of Lawfare hustlers — no right to call witnesses, no right of cross-examination, and no right to argue that set of rules cribbed from the Stalin show trials by way of the Spanish Inquisition. They’re pouring it on this week ahead of a post-Thanksgiving cold water deluge of bad news that will detail charges against the progenitors of RussiaGate.

The roll-call may be a long one, including many actors whose turpitudes have been publicly and richly documented for many months — Messers, Brennan, Clapper, Comey, Rosenstein, McCabe, Strzok, Halper, Ms. Page, et. al — and, if real justice is on order, not a few figures lurking in the Deep State deep background — John Carlin, Bill Priestap, Dana Boente, Michael Gaeta, Sally Yates, Loretta Lynch, Susan Rice, Samantha Power, and perhaps even the archangel Barack Obama, just in time for Christmas, too. Robert Mueller and Andrew Weissmann deserve to be included for what amounted to a blatant, arrantly mendacious malicious prosecution, knowing that they had no case and proceeding anyway for two whole years.

I hope the roundup will extend to the very latest ploys leading to RussiaGate’s successor subterfuge, UkraineGate, namely the exploits of “whistleblower” Eric Ciaramella, his handlers and enablers in Mr. Schiff’s office, and the actions of his accomplice, Michael Atkinson, the current Intelligence Community Inspector General, with obvious conflicts of interests as a major player in the previous RussiaGate dodge — he was legal counsel to Assistant Attorney General John Carlin, who headed the Department of Justice’s National Security Division at the birth of the FBI’s “Crossfire Hurricane” gambit, and before that he was Robert Mueller’s chief of staff at the FBI. Anything to see there, ya think? The “whistleblower” himself was, in fact, a CIA spy in the White House. You may recall that the CIA is prohibited from spying on Americans in their own country, and doing that in the White House is arguably the essence and height of lawless sedition.

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Fighting for freedom.

Hong Kong Anti-Mask Law Ruled Unconstitutional By High Court (SCMP)

A Hong Kong court has ruled in favour of pan-democrats in declaring the government’s mask ban unconstitutional in a decision that forced police to halt law enforcement while legal experts in mainland China floated the possibility of another legal interpretation by Beijing. Two High Court judges on Monday ruled that the emergency legislation that brought the ban on face coverings in public places into effect last month was “incompatible with the Basic Law” when used in times of public danger as seen in the present case. They also found the new law had imposed invalid restrictions on fundamental rights and freedoms.


The ruling by justices Anderson Chow Ka-ming and Godfrey Lam Wan-ho, in favour of the 25 pan-democrats who applied for judicial review, dealt a blow to the beleaguered government. Police announced they would stop enforcing the ban for now, while prosecutors sought adjournment “to consider the situation”. Legal experts were divided, some calling the judgment an important recognition of Hong Kong’s constitutional framework, while those on the mainland expressed concerns that the court might have sent the wrong signal to the radical protesters, floating the idea of Beijing interpreting the Basic Law again.

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Hong Kong courts are trumped by Beijing. Might as well disband them then.

China Says Hong Kong Courts Have No Power To Rule On Face Mask Ban (R.)

China’s top legislature said Hong Kong courts have no power to rule on the constitutionality of legislation under the city’s Basic Law, which includes a proposed ban on face masks, state news agency Xinhua reported on Tuesday. The statement came a day after Hong Kong’s High Court ruled that a ban on wearing face masks during public demonstrations that have rocked the financial hub for more than five months was unconstitutional. “Whether the laws of the Hong Kong Special Administrative Region comply with the Basic Law of Hong Kong can only be judged and decided by the Standing Committee of the National People’s Congress,” Yan Tanwei, a spokesman for the Legislative Affairs Commission of the Standing Committee of the National People’s Congress, said in a statement. “No other authority has the right to make judgments and decisions,” the statement said.

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No, I don’t care much for planes. But this is part of the Boeing story.

Emirates Orders 50 Airbus A350 Jets In A Revised Deal Worth $16 Billion (CNBC)

Emirates has ordered 50 Airbus A350 jets, the Dubai state-owned airline announced at the Dubai Air Show on Monday. The order’s list price sits at $16 billion, but a steep discount is typically negotiated by airlines. The deal was originally slated to see Emirates order 70 planes from the French manufacturer — 40 of the A350s and 30 A330-900neo jets — but all A330 orders were scrapped in favor of bringing the A350 order size to 50. Airbus CEO Guillaume Faury told a press conference that the European multinational planemaker’s flagship A380 would now have a “younger but very talented brother in the Emirates family.”


The A350 is a family of long-range, twin-engine wide-body jet airliners, while the A380 is the world’s largest passenger airliner. The 50 jets ordered by Emirates are its cornerstone A350-900 variety, accommodating between 300 and 350 passengers. “Complementing our A380s and 777s, the A350s will give us added operational flexibility in terms of capacity, range and deployment,” Emirates Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum told press. “In effect, we are strengthening our business model to provide efficient and comfortable air transport services to, and through, our Dubai hub.”

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A Turkish low fare airline has ordered 10 737 MAX 8’s. They must think their clients are illiterate.

Airbus Secures 120 Plane Order From Air Arabia (CNBC)

Air Arabia has signed a firm order for 120 Airbus aircraft, the European plane-maker has announced. The deal, signed on Monday at the Dubai Airshow, consists of 73 A320neos, 27 A321neos and 20 A321XLRs. In a press statement, Airbus Chief Commercial Officer Christian Scherer said the order was a “great endorsement for the A320neo family which will allow the airline to tap into new markets.” Air Arabia Group CEO Adel Al Ali said the order, worth around $14 billion according to 2018 list prices, would support the low-cost carrier’s growth plans.


“This new milestone underpins not only our solid financial fundamentals but also the strength of our multi-hub growth strategy that we have adopted over the years while remaining focused on efficiency, performance and passenger experience,” Al Ali said in a statement. “The addition of the A320neo, A321neo and A321XLR complements our existing fleet and allows us to expand our service to farther and newer destinations while remaining loyal to our low-cost business model.” [..] U.S. rival Boeing also announced that it has received an order for an additional 10 737 Max 8 aircraft from Turkey’s SunExpress, on top of an existing fleet of 32 737 Max 8s. This marks only the second 737 Max order since the fatal Ethiopian Airlines crash in March which led to the grounding of the jet worldwide.

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The pot and the kettle.

FedEx CEO Challenges NYT Publisher To Public Debate After Tax Story (R.)

FedEx Chief Executive Frederick Smith has challenged the publisher of the New York Times and the editor of the business section of the newspaper to a public debate in response to a story about the company’s tax bill. The package delivery firm’s financial filings showed it owed no taxes in the 2018 fiscal year overall due to President Donald Trump’s tax overhaul, according to the NYT story published on Sunday. Smith late on Sunday called the story here “distorted and factually incorrect” and challenged NYT’s publisher A.G. Sulzberger and the business section editor to a public debate in Washington. “FedEx’s colorful response does not challenge a single fact in our story. We’re confident in the accuracy of our reporting,” Danielle Rhoades Ha, VP-communications at NYT, said in an email on Monday.

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Riots wherever you look. Good time to be a water cannon maker.

Georgian Riot Police Disperse Anti-Govt Rally In Tbilisi (RT)

Protesters blocking the Georgian parliament building in the center of Tbilisi have been doused with water on Monday as police wearing riot gear were deployed to clear the area and raise the blockade. Massive protests gripped the Georgian capital earlier this week as people took to the streets demanding a snap election. The unease was sparked by parliament’s failure to pass amendments to the election law. If agreed on, it would have meant a transition from a mixed majoritarian-proportional electoral system to a strictly proportional one.

During the rallies, people blocked a major city highway – Rustaveli Avenue – running through the center of Tbilisi and blocked the parliament, preventing MPs from entering the building. Some demonstrators set up tents right in front of the legislature. The parliament gates were also reportedly sealed with a chain and a padlock. Law enforcement repeatedly called on the demonstrators to disperse. The appeal was rejected by the opposition-led crowds who claimed they will leave only once their demands are met.

On Monday, large police forces and water cannons were deployed to the parliament. Officers wearing riot gear and equipped with shields and batons started to slowly push the people away from the area.

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As I must have said 1000 times: “Astonishingly, in the case of Stone, he has been convicted of saying that the Mueller nonsense is true..”

The Roger Stone – Wikileaks – Russia Hoax (Craig Murray)

As ever, the Guardian wins the prize for the most tendentious reporting of Roger Stone’s conviction. This is not quite on the scale of its massive front page lie that Paul Manafort visited Julian Assange in the Ecuadorean Embassy. But it is a lie with precisely the same intent, to deceive the public into believing there were links between Wikileaks and the Trump campaign. There were no such links. The headline “Roger Stone: Trump Adviser Found Guilty On All Charges in Trump Hacking Case” is deliberately designed to make you believe a court has found Stone was involved in “Wikileaks hacking”. In fact this is the precise opposite of the truth. Stone was found guilty of lying to the Senate Intelligence Committee by claiming to have links to Wikileaks when in fact he had none. And of threatening Randy Credico to make Credico say there were such links, when there were not.

It is also worth noting the trial was nothing to do with “hacking” and no hacking was alleged or proven. Wikileaks does not do hacking, it does “leaks”. The clue is in the name. The DNC emails were not hacked. The Guardian is fitting this utterly extraneous element into its headline to continue the ludicrous myth that the Clinton campaign was “Hacked” by “the Russians”. It is worth noting that not one of those convicted of charges arising from or in connection with the Mueller investigation – Manafort, Papadopolous, Stone – has been convicted of anything to do with Wikileaks, with anything to do with Russia or with the original thesis of the enquiry.


Astonishingly, in the case of Stone, he has been convicted of saying that the Mueller nonsense is true, and he was a Trump/Wikileaks go-between, when he was not. Yet despite the disastrous collapse of the Mueller Report, and despite the absolutely devastating judicial ruling that there was no evidence worthy even of consideration in court that Russiagate had ever happened, the Guardian and the neo-con media in the USA (inc. CNN, Washington Post, New York Times) continue to serve up an endless diet of lies to the public. Randy Credico was the chief witness for the prosecution against Roger Stone. That’s for the prosecution, not the defence. This is the state’s key evidence against Stone. And Credico is absolutely plain that Stone had no link to Wikileaks.

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Laws? What laws? What I didn’t know yet: UC Global was brought in by Correa, to PROTEST Assange.

The Most Spied Upon Building On Earth (Maurizi)

La Repubblica has had access to the video and audio recordings of the Spanish company, UC Global, which spied on the WikiLeaks founder, his team of journalists and all of us who visited Assange at the Ecuadorian embassy for the last seven years. Video footage and audio recordings reveal an appalling violation of privacy. All the information gathered by UC Global was sent to US intelligence.

It sounds like a James Bond movie, but it really happened. Julian Assange, the WikiLeaks journalists and every single lawyer, reporter, politician, artist and physician who visited the founder of WikiLeaks at the Ecuadorian embassy over the last seven years was subjected to systematic espionage. Meetings and conversations were recorded and filmed, and all the information was sent to US intelligence. Sometimes the espionage operations were truly off the wall: at one point spies even planned to steal the diaper of a baby brought to visit Assange inside the embassy. The purpose? To gather the baby’s feces and perform a DNA test to establish whether the newborn was a secret son of Julian Assange.

Repubblica has had access to some of the videos, audios and photos. Meetings between the founder of WikiLeaks and his lawyers, medical examinations of Julian Assange, diplomatic encounters of the Ecuadorian ambassador Carlos Abad Ortiz, meetings between Assange and journalists. Everything was spied on. The author of this article found that she was not just filmed, but her phones were screwed open, presumably to obtain the IMEI code that allows uniquely identifying the phone in order to intercept it. Spies also had access to our USB sticks, though at this stage it is not clear if they managed to break the encryption protecting the information stored in the USB flash drives inside our backpacks. These are very serious violations of the confidentiality of journalistic sources, given that our meetings inside the embassy were entirely professional and, as frequent visitors, we were repeatedly registered as “journalists”.

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Nov 182019
 
 November 18, 2019  Posted by at 9:54 am Finance Tagged with: , , , , , , , , , ,  28 Responses »


Salvador Dali Cubist self portrait 1926

 

Leaked Report Concludes Russia May Have Influenced Brexit Vote (AP)
Hong Kong Police Storm Into University After Violent Standoff (ZH)
Another Chapter in the Democrats’ 2020 Clown Car Disaster (Taibbi)
Morrison Told Schiff Panel: Nothing Improper During Trump-Zelensky Call (ZH)
In Trump-Nixon Impeachment Comparison, Pelosi Raises Specter Of Resignation (R.)
Pelosi: Trump’s Conduct Is ‘So Much Worse’ Than Nixon’s (NBC)
About Trump (Sylvain Laforest )
Fed Fears Next Crash Fatal – John Rubino (USAW)
China Quietly Bails Out Another Bank (ZH)
Airbus Exec: Boeing’s 737 MAX Grounding Benefits No One (CNBC)
Pictures of Prince Andrew Partying and Sweating (DM)
Against Economics (David Graeber)

 

 

Britain’s RussiaRussia craze continues. This concerns a bunch of Russian oligarchs with British citizenship who have donated to the Tories, and they are conveniently labeled “Russia”. For all we know they may be sworn enemies of Putin. And even if they’re not, they’re also not “Russia”. When the Brits show us Skripal, we can talk.

Leaked Report Concludes Russia May Have Influenced Brexit Vote (AP)

Questions about the British government’s failure to release a report on Russia’s interference in the country’s politics have continued to dog Prime Minister Boris Johnson as critics said leaks from the document raised concerns about the security of next month’s election. The report from Parliament’s intelligence committee concludes that Russian interference may have affected the 2016 referendum on Britain’s departure from the European Union, though the impact is “unquantifiable,” the Sunday Times reported. The committee said British intelligence services failed to devote enough resources to counter the threat and highlighted the impact of articles posted by Russian new sites that were widely disseminated on social media, the newspaper reported.

Emily Thornberry, the opposition Labour Party’s foreign affairs spokeswoman, said the leaks raise questions that deserve answers ahead of the December 12 poll. “Boris Johnson therefore needs to clear up the confusion, spin and speculation around this [intelligence committee] report by publishing it in full at the earliest opportunity,” she told the Times. “If not, people will rightly continue to ask: what is he trying to hide from the British public and why?” Johnson’s government has said it needs more time to review the security implications of the report. It says it will release the report after the election.

Critics have alleged the report is being withheld because it shows Russians have made large donations to the Conservative Party, which is seeking to win a majority that would allow Johnson to push his Brexit deal through Parliament. Security Minister Brandon Lewis dismissed the criticism. Asked about Russian donors to the campaign, Lewis told Sky television on Sunday that all contributions are reported to the proper authorities and the donors in question all have British citizenship.

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Developing story with some seemingly contradictory “facts”.

Guardian: 800 protesters “trapped”. “Teargas stops protesters escaping despite president of Polytechnic University assuring them of safe passage.”

Hong Kong Police Storm Into University After Violent Standoff (ZH)

Update 3: As the AP reports, local police charged demonstrators at Hong Kong Polytechnic University early Monday in a bid to end a lengthy standoff with protesters who had occupied the campus for a week, even though the local police later denied they had, in fact, raided the campus. As the WSJ adds, pro-democracy activists who had spent the night at barricades outside retreated inside the university, while those already inside campus buildings hurled Molotov cocktails and bricks at elite and riot police, who stormed the campus through the main entrance.

“Several protesters had been perched on higher floors and used a large slingshot to launch Molotov cocktails. The entryway and areas around the university’s perimeter were quickly engulfed in flames. One protester shown on live-streamed video from the site fired an arrow at the officers. Police appeared to arrest a small number of demonstrators as they advanced, but it was unclear how many students remained inside.”

Update 2: Sky News in a breaking report says officers have been given the ‘green light’ to use lethal force if needed against ‘rioters’ deploying lethal weapons at student protester-occupied Polytechnic University. According to the report: “Hong Kong protestors have fired arrows and hurled petrol bombs at police, as they seek to keep control of a barricaded university. Warning they were authorized to use “lethal force”, officers threatened to use live bullets if rioters continued. The territory continues to suffer some of its worst unrest in six months of demonstrations.” Throughout the weekend and into Monday the campus is resembling a war zone. And as protester tactics escalate, including shooting at police with bows and arrows, and launching petrol bombs via sling shots off buildings, HK police gloves are now coming off.

The battle over student protester-occupied Polytechnic University grew more violent over the weekend and grabbed headlines Sunday after a police officer was wounded by an arrow and a riot control vehicle attempting to disperse what HK authorities have labelled ‘rioters’ was set aflame by dozens of Molotov cocktails. Chinese state media has now labeled the student protesters “terrorists” and has urged police to deploy live fire given the students themselves are in possession of deadly weapons.

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Deval Patrick is candidate no. 28.

Another Chapter in the Democrats’ 2020 Clown Car Disaster (Taibbi)

People like Bloomberg and Patrick seem to believe in the existence of a massive electoral “middle” that wants 15-point plans and meritocratic slogans instead of action. As befits brilliant political strategists, they also seem hyper-concerned about the feelings of the country’s least numerous demographic, the extremely rich. A consistent theme is fear (often described in papers like the Times as “concern”) that the rhetoric of Warren and Sanders might unduly upset wealthy folk. “I don’t think that wealth is the problem. I think greed is the problem,” Patrick told CBS This Morning. He added that “taxes should go up on the most prosperous and the most fortunate,” but “not as a penalty.”


What does that mean? Should we impose higher taxes on the rich but include a note from the IRS saying, “It’s not because we don’t love you”? Along with an alarmingly high number of press figures, politicians like Patrick seem to be trapped in an “electability” concept that hasn’t made sense since the Reagan-Bush years. Outside of a few spots on the Upper East Side and in Georgetown and L.A., the “center” has been gone a long time. From Donald Trump to Sanders to Warren, the politicians attracting the biggest and most enthusiastic responses in recent years have run on furious, throw-the-bums-out themes, for the logical reason that bums by now clearly need throwing out.

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He said this last month. Schiff didn’t exactly quote him on it. Help me here: who was the guy Schiff told to reconsider his statement weeks ago? Anyone remember?

Morrison Told Schiff Panel: Nothing Improper During Trump-Zelensky Call (ZH)

A former top national security adviser to President Trump told a secret impeachment panel that he believed nothing improper occurred during a July 25 phone call between Trump and Ukrainian president Volodomyr Zelensky, according to a transcript released over the weekend. NSC official Tim Morrison, who was on that phone call, expressed this narrative-killing opinion to the Democratic-led House Intelligence Committee last month – which would have undermined recent public testimony by several US officials who said that President Trump abused his office when he asked Zelensky to investigate former VP Joe Biden and matters related to the 2016 US election. That said, Morrison also testified that US Ambassador to the EU, Gordon Sondland, was involved in an effort to encourage Ukraine to investigate Joe Biden – though he could not say whether Trump was involved in those efforts.

“I’m still not completely certain that this was coming from the President,” Morrison testified to House Democrats. “I’m only getting this from Ambassador Sondland.” During a closed-door deposition as part of the House impeachment inquiry, Morrison was asked, “In your view, there was nothing improper that occurred during the call?” “Correct,” he answered as he was testifying under oath.” -Epoch Times. Morrison replaced former NSC official Fiona Hill, who resigned from her position on July 19, days before the infamous Trump-Zelensky call. He says that the word “Burisma” never came up during that call, referring to the Ukrainian natural gas company which employed Hunter Biden on its board [..]

Trump asked Zelensky to investigate this, as well as allegations that Ukraine was involved with the hacked DNC server as well as the only firm allowed to look at it, Crowdstrike. Morrison also testified that the Trump administration withheld foreign aid from Ukraine due to Trump’s general skepticism toward foreign aid, and a “concern that Ukrainians were not paying their fair share, as well as concerns [that] our aid would be misused because of the view that Ukraine has a significant corruption problem.”

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I’m getting the impression this is Pelosi’s PR team speaking. That switch to “bribery” gave it away. Is “resignation” another term they checked with a focus group?!

In Trump-Nixon Impeachment Comparison, Pelosi Raises Specter Of Resignation (R.)

U.S. House Speaker Nancy Pelosi is amplifying her unfavorable comparison of President Donald Trump to fellow Republican Richard Nixon, saying that disgraced president at least cared enough about the country to leave office before his impeachment. The top Democrat in Congress told reporters last week that Trump’s pressure on Ukraine to investigate one of his potential opponents in the 2020 election “makes what Nixon did look almost small.” In a CBS interview broadcast on Sunday, she alluded to Nixon’s resignation after the Watergate scandal involving a break-in at Democratic Party headquarters and the subsequent cover-up.


“I mean, what the president did was so much worse than even what Richard Nixon did, that at some point Richard Nixon cared about the country enough to recognize that this could not continue,” Pelosi said on CBS’ “Face the Nation.” [..] Pelosi for months resisted calls from her more liberal Democratic lawmakers to initiate impeachment proceedings, but said Trump’s call with Ukrainian President Volodymyr Zelenskiy compelled her to open the inquiry against the president.

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They’re starting to intimidate witnesses.

Pelosi: Trump’s Conduct Is ‘So Much Worse’ Than Nixon’s (NBC)

House Speaker Nancy Pelosi, D-Calif., said Sunday that President Donald Trump’s conduct is “so much worse” than that of former President Richard Nixon, adding that Trump is insecure about being an “imposter.” Pelosi spoke with CBS’s “Face the Nation” days after House impeachment investigators conducted their first public hearings. Three more days of public hearings are scheduled for this week. “I will make sure he does not intimidate the whistleblower,” Pelosi said of the CIA employee whose complaint about Trump’s conduct toward Ukraine led to the impeachment inquiry. “The president can come before the committee and speak all the truth that he wants … He has every opportunity to make his case.”

“But it’s really a sad thing,” Pelosi continued. “What the president did was so much worse than even what Richard Nixon did. At some point, Richard Nixon cared about the country enough to recognize that this could not continue.” Since the House launched its impeachment inquiry in September, multiple Trump administration officials have alleged that Trump tied U.S. aid to Ukraine to an investigation into former Vice President Joe Biden and his son Hunter Biden. Republicans have defended the president by pointing out that the aid was eventually released and Ukraine never announced an investigation into the Bidens. But Pelosi and other Democrats have said that, by conditioning aid on the investigations, Trump was attempting to commit bribery.

“The whistle was blown, the whistle was blown, and that was blown long before we heard about it,” Pelosi said. “Don’t forget that in-between all of that came the inspector general. An inspector general appointed by President Trump. And the inspector general said this was of urgent concern. That is what intervened.” Speaking with “Fox News Sunday,” Rep. Jim Himes, D-Conn., said Republicans have offered up “a whole bunch of defenses that don’t make sense.” “Lots of crimes can be committed … by the boss hinting and giving direction,” Himes said. “Corrupt people don’t always say, ‘Hey, here’s the signed contract.’ What has already developed from second-hand witnesses is that this aid was withheld as a condition.”

Even more Trump administration officials are set to testify publicly in the impeachment probe this week, including E.U. Ambassador Gordon Sondland, who Himes said is a first-hand witness to Trump’s conduct, having been tasked with carrying out his wishes. While Sondland’s initial October testimony largely absolved him from any wrongdoing, he submitted additional testimony in November acknowledge that he did deliver a quid pro quo message to Ukraine. Acknowledging that Sondland’s credibility is in question, Himes said it “was not lost on Ambassador Sondland what happened to” Trump associates Roger Stone and Michael Cohen “for lying to Congress.” “My guess is Gordon Sondland is going to do his level best to tell the truth because otherwise, he may have a very unpleasant legal future in front of him,” Himes, a member of the House Intelligence Committee, said.

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Nice find by Tyler, an article by Sylvain Laforest. Not saying I agree with it, but he tickles some pre-conceived “virtues”. Anyone who calls Trump the ultimate anti-narcissist knows he’s in for tons of derision. Laforest is okay with that.

“Donald simply doesn’t care if you like him or not, which makes him the ultimate anti-narcissist, by its psychological definition.”

About Trump (Sylvain Laforest )

Let’s make one thing clear: to the establishment, Trump isn’t mentally challenged, but he’s definitely seen as a possible nemesis of their world. Ever since he moved in the White House, Trump has been depicted as a narcissist, a racist, a sexist and a climate-skeptic, loaded with shady past stories and mental issues. Even though an approximate 60% of the American people don’t trust medias anymore, many have bought the story that Trump might be slightly crazy or unfit to rule, and the statistic climbs even higher when you get out of the USA. Of course, Donald isn’t doing anything special to change the deeply negative perception that so many journalists and people alike have about him.

He’s openly outrageous and provocative on Twitter, he sounds impulsive and dumb most of the time, acts irrationally, lies on a daily basis, and throws out sanctions and threats as if they were candy canes out of an elf’s side bag in a mall in December. Right away, we can destroy one persistent media myth: the image Trump is projecting is self-destructive and it’s the exact opposite of how pathological narcissists act, since they thrive to be loved and admired by everyone. Donald simply doesn’t care if you like him or not, which makes him the ultimate anti-narcissist, by its psychological definition. And that’s not even up for opinion, it’s a quite simple and undeniable fact.

His general plan exhales from one of his favorite motto: «We will give power back to the people», because the United States and its imperialist web woven over the world have been in the hands of a few globalist bankers, military industrials and multinationals for more than a century. To achieve his plan, he has to end wars abroad, bring back the kids, dismantle the NATO and CIA, get control over the Federal Reserve, cut every link with foreign allies, abolish the Swift financial system, demolish the propaganda power of the medias, drain the swamp of the deep state that’s running the spying agencies and disable the shadow government that’s lurking in the Council on foreign relations and Trilateral Commission’s offices. In short, he has to destroy the New World Order and its globalist ideology. The task is huge and dangerous to say the least. Thankfully, he’s not alone.

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John Rubino is one of the first, and most loyal, fans of the Automatic Earth. Seeing this video makes me think I should really start talking more about finance again. If only because after all, that’s where we come from. But having watched how the Fed et al have distorted and erased what are still called markets, I started to look elsewhere -as well- for what was interesting.

Fed Fears Next Crash Fatal – John Rubino (USAW)

Rubino explains, “Every sector of the U.S. economy is so over indebted I don’t see how we go on much longer. The Fed is desperately trying to prolong this thing. We are running trillion dollar deficits now, and what that is for is to keep the system from falling apart. We are 11 years into an expansion, a record. This is the longest bull market in history, and this is the longest economic expansion in history. . . . These guys don’t know exactly what’s going to happen in the next recession, but they are afraid that the system is so highly leveraged that even a garden variety three quarters of a percent of negative growth and a garden variety of 20% drop in stock prices might be fatal. The system might not be able to handle that because it would cause so much damage and there are so many different places that can blow up that the system would spin out of control. We would get 2008-2009 again but on steroids because the numbers are so much bigger this time around. So, they want to avoid that at all costs.”


Rubino points out, “Fear is the enemy in a fiat currency system. Everything is based on our assumption that the guys in charge know what they are doing and that the confidence in them is good. You take that away, and they let us see them sweat, and it’s over. There is no real bottom for the dollar, euro or the yen. Their intrinsic value is zero. When the economic players out there in the global financial system realize that the central banks of the world are out of ammo, and nothing these guys do is going to fix our problem, then all hell breaks loose. . . . What worries me about today’s world is that everything falls apart all at once, and there is no way to fix what went wrong. . . .We have a lot of examples of governments doing crazy things when everything falls apart.”

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Harbin’s biggest problem: it trades on Hong Kong’s stock exchange. You know, HK dollars.

China Quietly Bails Out Another Bank (ZH)

Harbin Bank, which is one of the biggest banks in China’s northeast with 622 billion yuan in assets as of June 30, 2019, and trades on Hong Kong’s stock exchange, becomes the fifth bank – after Baoshang Bank , Bank of Jinzhou, Heng Feng Bank, and Henan Yichuan Rural Commercial Bank – to be bailed out by the state, and will be 48%-controlled by two government entities after six private shareholders shed their stakes, according to a bank statement issued late on Friday. Total consideration for the shares involved came to almost 15 billion yuan, or around $2.1 billion, the bank said, though it described the transactions as transfers rather than stock sales, which is to be expected if the bank was being bailed out instead of actually selling a viable stake.

As has been the customary case, the bank didn’t provide any reason for the transactions in the statement, and Chinese bank regulators made no comment on the action. And, as was the case with at least one previous bank “rescue”, Harbin Bank was connected to a former oligarch who disappeared not that long ago amid allegations of massive fraud. Indeed, as the WSJ reports, the bank is among a handful of financial businesses in China linked to once-powerful tycoon named Xiao Jianhua who in early 2017 disappeared amid a wave of prosecutions of big private investors. Businesses owned by some of those people, including Wu Xiaohui’s Anbang Insurance Group Co., have also since become government-owned.

[..] So why did Harbin Bank fail? In its financial report for H1 2019, Harbin Bank cited deteriorating asset quality – read surging bad loans – as well as intensified competition for deposits and higher borrowing costs in money markets as China’s economy slows. Yet, paradoxically, the near-insolvent lender also said it recorded a profit of 2.18 billion yuan, or about $311.1 million, though that was off about 16% because of, drumroll, more-aggressive write-offs of bad debts. Which goes to show that corporate earnings reports in China are as “credible” as all other Chinese economic “data.”

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He said it straight-faced, I’m sure.

Airbus Exec: Boeing’s 737 MAX Grounding Benefits No One (CNBC)

Airbus Chief Commercial Officer Christian Scherer forcefully rejected the notion that his company is benefiting from the grounding of Boeing’s 737 Max fleet while speaking to CNBC during the Dubai Air Show. “I really need to correct that cultural belief. This does not benefit anyone in this industry, the least of which would be Airbus,” Scherer told CNBC’s Hadley Gamble on Sunday. “It’s a tragedy, it is an issue for Boeing to resolve, but it is not good for competitors to see problems on any one particular airplane type.” The 737 Max [..] grounding has forced airlines to cancel thousands of flights, driven up costs and dented airlines’ profits. To make up for the expected loss in services, Boeing in the second quarter took a $4.9 billion after-tax charge to compensate airlines but final amounts are unknown because regulators haven’t yet lifted the grounding.


Boeing and Airbus, often described as holding a duopoly over the large commercial airline industry since the 1990s, each own approximately half of that market. Orders for each company’s airliners, however, are expected to be smaller this year as the industry faces headwinds including a slowing global economy, climate change and safety concerns. Airbus, Europe’s largest aerospace group, cut its delivery expectations for 2019 as it grapples with manufacturing delays at its recently expanded plant in Hamburg, Germany. It now plans to deliver “around 860” planes this year, down from an original target of between 880 and 890. It recorded an adjusted operating income of 1.6 billion euros ($1.78 billion) for the third quarter of 2019.

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Andrew said in the Saturday interview that he didn’t party, didn’t show personal displays of affection, couldn’t sweat and only went out wearing a suit and tie. Well, now he’s got the Daily Mail on his trail. They have a lot of pictures of him doing exactly that.

Pictures of Prince Andrew Partying and Sweating (DM)

Prince Andrew is facing an extraordinary backlash over his interview, which Prince Charles’ former PR chief Dickie Arbiter described as: ‘Not so much a car crash but an articulated lorry crash’. Mr Arbiter said he must ‘take a break’ from royal duties, adding: ‘What charity wants a VIP guest with this hanging over him?’ Viewers described watching Andrew’s grilling from behind the sofa and through their fingers as he denied having sex with Virginia Roberts because he was in Pizza Express in Woking and suggested that the world-famous picture of them together could be faked. Miss Roberts’ evidence that he sweated ‘profusely’ during sex were explained away by claiming a rush of adrenaline while being shot at during the Falklands conflict in 1982 made it impossible for him.

A royal source claimed last night he has told his mother the Queen that his appearance on the BBC Two Newsnight special was largely a ‘great success’ – but a friend told the Mail he ‘regretted’ not expressing sympathy for Jeffrey Epstein’s victims in his disastrous TV interview. Today former royal protection officer said it went so badly for Prince Andrew it should spark a police investigation. In another infamous set of pictures taken on the French Riviera in July 2007, the Prince looks wild-eyed as he parties with American socialite Chris Von Aspen. The blonde interior designer can be seen licking Andrew as the pair cavorted together.

More clips from 2008 show him wandering around a party thrown by wine tycoon Claude Ott, heading to the dance floor with two women as techno music plays out. The Prince appears to look worse for wear as he enjoys the party, hair dishevelled and shirt untucked.

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Graeber is always an interesting read. But not one I can do justice in this format, if only because of the length of the essay.

Against Economics (David Graeber)

There is a growing feeling, among those who have the responsibility of managing large economies, that the discipline of economics is no longer fit for purpose. It is beginning to look like a science designed to solve problems that no longer exist. A good example is the obsession with inflation. Economists still teach their students that the primary economic role of government—many would insist, its only really proper economic role—is to guarantee price stability. We must be constantly vigilant over the dangers of inflation. For governments to simply print money is therefore inherently sinful. If, however, inflation is kept at bay through the coordinated action of government and central bankers, the market should find its “natural rate of unemployment,” and investors, taking advantage of clear price signals, should be able to ensure healthy growth.


These assumptions came with the monetarism of the 1980s, the idea that government should restrict itself to managing the money supply, and by the 1990s had come to be accepted as such elementary common sense that pretty much all political debate had to set out from a ritual acknowledgment of the perils of government spending. This continues to be the case, despite the fact that, since the 2008 recession, central banks have been printing money frantically in an attempt to create inflation and compel the rich to do something useful with their money, and have been largely unsuccessful in both endeavors. We now live in a different economic universe than we did before the crash. Falling unemployment no longer drives up wages. Printing money does not cause inflation. Yet the language of public debate, and the wisdom conveyed in economic textbooks, remain almost entirely unchanged.

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Nov 112019
 
 November 11, 2019  Posted by at 9:52 am Finance Tagged with: , , , , , , , , ,  19 Responses »


Dorothea Lange Negro woman carrying shoes home from church Mississippi Delta July 1936

 

Bolivian President Morales Calls New ‘General Elections’ (RT)
Bolivian President Morales Announces His Resignation (RT)
Mexico Says It Would Offer Asylum To Bolivia’s Morales If He Sought It (R.)
Niki Haley: Tillerson, Kelly Tried To Get Me To Undermine Trump (Hill)
Is Pelosi Saving Trump By Shaping Impeachment To Fail In The Senate? (Turley)
Alan Dershowitz: Congress Is Trying To ‘Create Crimes Out Of Nothing’ (Hill)
Asian Shares A Sea Of Red As Hong Kong Chaos Hits Sentiment (R.)
UK One Of Worst-Performing Economies In World Since 2017 (Ind.)

 

 

The US/CIA has conducted yet another coup in Latin America. Brazil (Lula), Ecuador (Correa) and now Bolivia. More will follow. Good luck trying to find even one US news outlet that’s critical of this one.

I left in this article, issued before he “resigned” with a gun to his head, because it includes the role of the OAS.

Note: In Bolivia, there are two counts: the “quick” count and the “official” count. Because much of the country is rural and/or mountainous, it can take a long time to count the votes. Hence the quick count: so the press have something to report, and there’s some initial idea of the result. A candidate needs either 50% of the vote or a minimum 10% lead from no. 2 to win in round 1. Morales has a lot of support in rural areas. But these are underrepresented in the “quick count”. So it looked like he didn’t have the 10%+ lead from no. 2. When the official count began to show that he did, opponents cried Fraud! The ultimate result was in line with pre-vote polls, but the damage had been done. The OAS has seen its opening and gone for it.

“..the OAS, which is based in Washington, has grown into a bloc focused on adhering to US policies rather than representing South American nations.”

Bolivian President Morales Calls New ‘General Elections’ (RT)

Bolivian leader Evo Morales promised to hold a new election in order to uphold peace and security across the country after the Organization of American States (OAS) mission failed to confirm his win last month. “I made a decision… to call for a new general election that would allow people to democratically choose the authorities,” Morales announced on Sunday. The plebiscite is set to include a new round of voting for the president, the vice president, and the members of both chambers of Parliament. In his address, Morales also promised to completely replace the members of the nation’s election commission.

Earlier on Sunday, OAS issued a preliminary report, saying it is “statistically unlikely” that Morales secured a 10-percent lead, required to avoid a runoff vote. The auditors claimed to have found security flaws in voting software and traces of “clear manipulation” of the vote-tallying system. Therefore, having been unable to validate the results, the mission recommended holding a new round of elections in the country. Morales requested the audit after doubt was cast on him winning a fourth consecutive term as leader of Bolivia on October 20.

[..] Morales criticized the role of the OAS in South American politics in the past, calling it “the spokesman agency for US interests” and “an overseer of the empire.” He also accused its chief, Luis Almagro, of inciting violence in Venezuela and encouraging a foreign intervention in that country. Argentina’s president-elect, Alberto Fernandez, voiced similar thoughts on former leader of Ecuador Rafael Correa’s show ‘Conversation with Correa’ on RT Spanish. He argued that the OAS, which is based in Washington, has grown into a bloc focused on adhering to US policies rather than representing South American nations.

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“I resign so that Mesa and Camacho do not continue to persecute, kidnap and mistreat my ministers, union leaders and their families and so that they do not continue to harm merchants, guilds, independent professionals and transporters who have the right to work.”

Bolivian President Morales Announces His Resignation (RT)

Bolivian President Evo Morales resigned shortly after the military urged him to do so. Two officials next in line to take over the government also stepped down following weeks of protests. “I resign from my position as president so that (Carlos) Mesa and (Luis Fernando) Camacho do not continue to persecute socialist leaders,” Morales said during a televised address, mentioning the leaders of the opposition. Morales said he decided to step down in hopes that his departure would stop the spate of violent attacks against officials and indigenous people, “so that they [protesters] do not continue burning the houses [of public officials]” and “kidnapping and mistreating” families of indigenous leaders.

“It is my obligation, as the first indigenous president and president of all Bolivians, to seek this pacification,” he said, adding that he hopes the opposition will “understand the message.” Shortly after the announcement, his vice president, Alvaro Marcelo García Linera, also submitted his resignation. The next person in line to take over the government, the president of the Senate, Adriana Salvatierra, resigned soon afterwards. [..] The opposition urged Morales to resign despite his promise to hold a new election. While he briefly resisted the calls, branding them “unconstitutional” and an “attempted coup,” he eventually gave in after the military joined in the chorus.

Shortly before Morales announced his resignation, Bolivian TV channels aired footage of what they say was a presidential plane departing from El Alto International Airport. It was reported that the plane took Morales to his political stronghold of Chimoré in the Department of Cochabamba, 300 kilometers (186 miles) east of La Paz, where he launched his re-election bid in May.

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Will Morales take the offer and leave his people alone?

Mexico Says It Would Offer Asylum To Bolivia’s Morales If He Sought It (R.)

Mexican Foreign Minister Marcelo Ebrard said on Sunday that the country would offer asylum to outgoing Bolivian President Evo Morales if he sought it, in a sign of Mexico’s new prominence among left-leaning governments in Latin America. Led by Mexican President Andres Manuel Lopez Obrador, the government delivered a strong defense of Morales, who said on Sunday that he would resign after the country was rocked by protests over a disputed election and the military called on him to step down. “We recognize the responsible attitude of the president of Bolivia, Evo Morales, who preferred to resign rather than to expose his people to violence,” Lopez Obrador wrote on Twitter, adding that the Mexican government would explain its views in more detail on Monday.


Mexico was among the first countries to congratulate Morales after his victory in late October, despite questions surrounding the results. Latin American countries have oscillated over the past few decades between left-wing and conservative governments, often with radically different economic and social policies. Since last year, anger at corruption, inequality and poverty have pushed conservatives out of office in Mexico and Argentina, while fueling protests in recent weeks that forced Ecuador and Chile to water down economic policies. Mexico has a long history of giving refuge to left-wing exiles fleeing military rule and repression in the region, a history that Ebrard nodded to on Sunday.

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Not surprising in any form. Except perhaps that they thought she would comply. Not a fan of Haley, but her position has always seemed clear.

Niki Haley: Tillerson, Kelly Tried To Get Me To Undermine Trump (Hill)

Former U.S. Ambassador to the United Nations Nikki Haley claims two of President Trump’s former senior advisers tried to get her to undermine him to “save the country,” The Washington Post reported Sunday, citing Haley’s upcoming memoir and an interview with her. According to the newspaper, Haley said former Secretary of State Rex Tillerson and former White House chief of staff John Kelly would try to get her to work around the president. “Kelly and Tillerson confided in me that when they resisted the president, they weren’t being insubordinate, they were trying to save the country,” Haley wrote, according to the Post.

“It was their decisions, not the president’s, that were in the best interests of America, they said. The president didn’t know what he was doing,” she continued. In one portion of the book, Haley reportedly recalls a disagreement with Tillerson and Kelly during an Oval Office meeting over her suggestion that the United States should withhold funding for a U.N. agency that supports Palestinians. She said she had the backing of Trump’s Mideast envoys, according to the Post. Kelly and Tillerson, however, argued that cutting aid could lead to violence and greater threats to Israel, as well as reduced U.S. influence, Haley reportedly wrote.

Kelly, she added, later responded to Haley in his office: “I have four secretaries of state: you, H.R., Jared, and Rex. I only need one,” she wrote, referring to Jared Kushner and then-national security adviser H.R. McMaster. “I was so shocked I didn’t say anything going home because I just couldn’t get my arms around the fact that here you have two key people in an administration undermining the president,” Haley told the Post. She also wrote that Kelly stalled when Haley requested a meeting with Trump and said the former chief of staff complained when she went around him to do so, according to the Post.

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Jonathan Turley has an interesting take, that Pelosi “wants Trump mortally wounded but still alive in 2020..”

Is Pelosi Saving Trump By Shaping Impeachment To Fail In The Senate? (Turley)

Trump, [..] may have a curious ally in House Speaker Nancy Pelosi. When she held a press conference to announce the impeachment inquiry, some of us expressed doubt that she had dropped her opposition to it. Since then, every move she has made strongly supports suspicions that Pelosi is less of a convert than a collaborator in the House impeachment effort. While Trump aides such as Rudy Giuliani have now caused untold damage to the White House position, Pelosi repeatedly has intervened to steer impeachment efforts into either a wall or, more recently, over a cliff. For three years, Pelosi has been widely credited with slowing down the impeachment efforts despite many of her fellow Democrats campaigning on an impeachment pledge in 2018.

Pelosi has struggled to maintain the appearance of wanting to impeach the president while preventing any meaningful steps toward actual impeachment. She wants Trump mortally wounded but still alive in 2020. Moreover, she understood the Russia investigation was not producing clear criminal or impeachable conduct. Indeed, earlier this year, I wrote a column exploring whether the real scandal was not likely Russian but Ukrainian in its origins. I noted that various Trump figures, along with Democrats including Hunter Biden, were involved in suspect dealings in Ukraine. The investigation by former special counsel Robert Mueller found no conspiracy or collusion with the Russians. The Justice Department correctly rejected obstruction. Pelosi moved to put impeachment to bed, saying she would not accept one that was not based on articles with “overwhelming and bipartisan” support.

Everything was going according to plan, until Trump called the Ukrainian president. The danger of pretending that you want to impeach Trump is that you may accidentally stumble over a potentially impeachable offense. Moreover, with a whistleblower complaint, Pelosi lost all her control. The Democratic base was simply not going to accept another bait and switch. So Pelosi was forced to hold her bizarre press conference to announce that an impeachment inquiry would begin in the House, despite other Democrats declaring for weeks that they already were conducting such an inquiry. Despite her recent pledge, she pushed through an impeachment vote with no support from Republicans, and the country divided right down the middle on the issue.

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As I said the other day with regards to John Solomon, the Hill appears to have made a move away from Trump. They do still let Turley and Dershowitz talk.

Alan Dershowitz: Congress Is Trying To ‘Create Crimes Out Of Nothing’ (Hill)

Attorney Alan Dershowitz warned that Americans should be “frightened” of the House’s impeachment investigation, accusing Democrats of trying to “create crimes out of nothing.” “Whether you’re from New York or the middle of the country, you should be frightened by efforts to try to create crimes out of nothing,” Dershowitz said Sunday on John Catsimatidis’ radio show. “Well, I spent the afternoon yesterday searching the federal criminal statutes from beginning to end. I couldn’t find the crime.” The House’s impeachment inquiry was launched in September amid Democratic concerns that Trump leveraged $400 million in military aid to pressure Zelensky to publicly open an investigation on unfounded corruption allegations against former Vice President Joe Biden, a top political rival.


The White House has repeatedly blasted the House investigation as a “witch hunt” and decrying Democrats’ efforts as “unhinged” last week after they voted to formalize the inquiry. “First they made up collusion… I searched the statute books. There’s no crime of collusion… with a foreign country. After that, they said obstruction of Congress,” Dershowitz said. “In a desperate effort to try to find crimes [committed by] President Trump, they’re just making it up. And that means we are all in danger.”

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Hong Kong police have started shooting protesters with live ammo, so let’s talk stocks. So people know we have our priorities straight.

Asian Shares A Sea Of Red As Hong Kong Chaos Hits Sentiment (R.)

Asian shares a sea of red as Hong Kong chaos hits sentiment. Asian shares sank on Monday, the safe haven yen rose and gold jumped following a fresh escalation of violence in Hong Kong while uncertainty still remained over whether the United States and China could end their damaging trade war. Hong Kong’s Hang Seng index .HSI led the losses in Asia, down 2.4%, after police fired live rounds at protestors on the eastern side of Hong Kong island. Cable TV and other Hong Kong media reported at least one protester being wounded. Video footage showed a protester lying in a pool of blood.


[..] “The China-U.S. trade war and the Hong Kong protest are combining to cast a negative pall on Asian markets today,” said James McGlew, analyst at stockbroking firm Argonaut. “Hong Kong protests have been dragging on for a while and the view from the financial world is that it’s really starting to bite now. The further this drags on it’s certainly going to be very negative.”

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“When Britain needed to invest, they chose corporate tax cuts. And when Britain needed to rebuild, they chose more austerity.”

UK One Of Worst-Performing Economies In World Since 2017 (Ind.)

The UK is one of the worst-performing developed economies in the world since the last general election in 2017, new analysis has shown. Annual growth has come in at just 1.3 per cent – less than half the average of 2.7 per cent among members of the Organisation for Economic Cooperation and Development (OECD), a club of wealthy nations. That put the UK 31st out of 35 OECD nations in the period since Theresa May unexpectedly lost the Conservatives’ parliamentary majority. Almost every OECD nation has outperformed the UK on exports and levels of investment, which have slowed markedly as a result of uncertainty surrounding Brexit.


The Trades Union Congress (TUC), which compiled the figures, said a decade of austerity, Brexit mismanagement and a fragile global economy had caused a slump in business confidence. Frances O’Grady, the TUC general secretary, said: “The UK economy has fallen into the relegation zone – and you have to blame the manager. The current government is leaving the economy in a dismal state. “When Britain needed to invest, they chose corporate tax cuts. And when Britain needed to rebuild, they chose more austerity.”

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The UK has an Editors Code of Practice.

 

 

 

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Oct 172019
 


Salvador Dali Sick Boy (Self-portrait in Cadaqués) 1923

 

Pelosi, Trump Exchange ‘Meltdown’ Barbs Over Meeting On US Policy In Syria (R.)
The Russian Masterpiece in Syria: Everyone Wins (Pieraccini)
Everybody Betraying Everybody in Syria (Fuller)
Schiff Pushed Volker To Say Ukraine Felt Pressure From Trump (WE)
One Person Is Missing In The Dems’ Impeachment Inquiry: The Whistleblower (R.)
Wait for It (Kunstler)
Michael Flynn Lawyer Seeks Data From Joseph Mifsud Phones (Ross)
Tulsi Gabbard Was A Dove On The Warpath (Tracey)
DUP Says It Cannot Support Boris Johnson’s Brexit Deal (G.)
Australia’s Housing Downturn A Larger-Than-Expected Drag On Economy (R.)
China Bans Exports Of Black Clothing To Hong Kong (SCMP)
Assange Subjected To Torture & Violations Of Due Process Rights – UN Envoy (RT)

 

 

I like this one: “White House spokeswoman Stephanie Grisham called Pelosi’s decision to walk out “baffling but not surprising.”

And as long as the only things Dems have to say about Trump are exclusively negative, what do they expect? Goes to credibility, your honor.

This was a meeting about Syria, and some people have started calling the situation there “..one of the greatest diplomatic masterpieces ever conceived..”

Still, the House condemns it….

As for Pelosi’s comments to Trump: Russia’s always a had a foothold in the Middle East. But it’s convenient to ‘forget’ that, as well as the Mueller report. Goes to credibility, your honor.

 

Pelosi, Trump Exchange ‘Meltdown’ Barbs Over Meeting On US Policy In Syria (R.)

U.S. House Speaker Nancy Pelosi said Democratic leaders cut short a meeting with Republican President Donald Trump after he had a “meltdown” over a House of Representatives vote condemning his Syria withdrawal and showed no signs of having a plan to deal with a crisis there. Trump called Pelosi a “third-rate politician” and the meeting in the White House deteriorated into a diatribe, Senate Democratic leader Chuck Schumer and House Majority Leader Steny Hoyer told reporters. Later, in remarks to reporters on Capitol Hill, Pelosi said that Trump actually called her a “third-grade” politician. “What we witnessed on the part of the president was a meltdown. Sad to say,” Pelosi had said upon leaving.

Trump posted on Twitter on Wednesday night – “Nervous Nancy’s unhinged meltdown!” with a photo of Pelosi standing up and pointing at him during the meeting. The Democrats exited the meeting complaining that they were expecting to hear Trump provide details on a plan for dealing with an unfolding “crisis” in Syria but instead were subjected to “derogatory” language from him about congressional Democrats and Democratic former President Barack Obama. White House spokeswoman Stephanie Grisham, in a statement, called Pelosi’s decision to walk out “baffling but not surprising.” She added that after Democratic leaders “chose to storm out,” remaining Republican leaders held a productive meeting.


Pelosi directly to Trump: Russia has always wanted a “foothold in the Middle East” and now it has one. “All roads with you lead to Putin.”

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“..one of the greatest diplomatic masterpieces ever conceived..”

The Russian Masterpiece in Syria: Everyone Wins (Pieraccini)

The agreement between the Kurds (SDF) and Damascus is the only natural conclusion to events that are heavily orchestrated by Moscow. The deployment of Syrian and Russian troops on the border with Turkey is the prelude to the reconquest of the entirety of Syrian territory — the outcome the Kremlin was wishing for at the beginning of this diplomatic masterpiece. Washington and Ankara have never had any opportunities to prevent Damascus from reunifying the country. It was assumed by Moscow that Washington and Ankara would sooner or later seek the correct exit strategy, even as they proclaimed victory to their respective bases in the face of defeat in Syria. This is exactly what Putin and Lavrov came up with over the last few weeks, offering Trump and Erdogan the solution to their Syrian problems.

Trump will state that he has little interest in countries 7,000 miles from the homeland; and Erdogan (with some reluctance) will affirm that the border between Turkey and Syria, when held by the Syrian Arab Army, guarantees security against the Kurds. Putin has no doubt advised Assad and the Kurds to begin a dialogue in the common interests of Syria. He would have no doubt also convinced Erdogan and Trump of the need to accept these plans. An agreement that rewards Damascus and Moscow saves the Kurds while leaving Erdogan and Trump with a semblance of dignity in a situation that is difficult to explain to a domestic or international audience.

Moscow has started joint patrols with the Syrian Arab Army on the borders with Turkey for the purposes of preventing any military clashes between Ankara and Damascus. If Ankara halts its military operation in the coming days, Damascus will regain control of the oil fields. The world will then have witnessed one of the greatest diplomatic masterpieces ever conceived, responsible for bringing closer the end of the seven-year-long Syrian conflict.

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Former senior CIA official Graham Fuller has a slightly different take.

Everybody Betraying Everybody in Syria (Fuller)

Just what have we witnessed in the recent events in Syria? It’s hard to know, given the avalanche of superficial and over-the-top headlines in most US media: betrayal of the Kurds, handing Syria over to Russia, caving to Turkey’s Erdogan, bestowing a gift upon Iran, allowing ISIS to once again run wild, end of US leadership. Yet the bottom line of the story is that after some eight years of civil conflict, the situation in Syria is basically reverting to the pre-conflict norm. The Syrian government is now close to re-establishing its sovereign control again over the entire country. Indeed, Syria’s sovereign control over its own country had been vigorously contested, in fact blocked, by many external interventions—mainly on the part of the US, Israel, Saudi Arabia, Turkey, and a few European hangers-on—all hoping to exploit the early uprising against the Asad regime and overthrow it. In favor of what was never clear.


Much of this picture has a long history. The US has been trying to covertly overthrow the Syrian regime off and on for some fifty years, periodically joined on occasion by Israel or Saudi Arabia or Iraq, orTurkey or the UK. Most people assumed that when the Arab Spring broke out in Syria in 2011 that civil uprisings there too would lead to the early overthrow of another authoritarian regime. But it did not. This was in part due to Asad’s brutal put-down of rebel forces, in part because of the strong support he received from Russia, Iran and Hizballah, and in part because large numbers of Syrian elites feared that whoever might take Asad’s place—most likely one or another Jihadi group—would be far worse, more radical and chaotic than Asad’s strict but stable secular domestic rule.

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The secrets get spilled.

Schiff Pushed Volker To Say Ukraine Felt Pressure From Trump (WE)

In a secret interview, Rep. Adam Schiff, leader of the House Democratic effort to impeach President Trump, pressed former United States special representative to Ukraine Kurt Volker to testify that Ukrainian officials felt pressured to investigate former Vice President Joe Biden’s son Hunter as a result of Trump withholding U.S. military aid to Ukraine. Volker denied that was the case, noting that Ukrainian leaders did not even know the aid was being withheld and that they believed their relationship with the U.S. was moving along satisfactorily, without them having done anything Trump mentioned in his notorious July 25 phone conversation with Ukrainian President Volodymyr Zelensky.

When Volker repeatedly declined to agree to Schiff’s characterization of events, Schiff said, “Ambassador, you’re making this much more complicated than it has to be.” The interview took place Oct. 3 in a secure room in the U.S. Capitol. While the session covered several topics, the issue of an alleged quid pro quo — U.S. military aid in exchange for a Ukrainian investigation of the Bidens and a public announcement that such an investigation was underway — was a significant part of the discussion. “[The Ukrainians] didn’t want to be drawn into investigating a Democratic candidate for president, which would mean only peril for Ukraine, is that fair to say?” Schiff asked Volker.

“That may be true,” Volker said. “That may be true. They didn’t express that to me, and, of course, I didn’t know that was the context at the time.” (Volker has said he did not know that Trump had mentioned the Bidens on the July 25 call with Zelensky until the rough transcript of the call was released on Sept. 25.)

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A heavily distorted process. They should watch out with that.

One Person Is Missing In The Dems’ Impeachment Inquiry: The Whistleblower (R.)

Democratic lawmakers leading an impeachment inquiry against President Donald Trump have heard days of testimony from a parade of senior government officials. But they have yet to hear from the whistleblower who sparked the probe – and may never do. In the end, it may not matter, some Democratic lawmakers said, because the other officials who have testified, Trump’s own statements, a trove of texts between top U.S. diplomats, and other White House documents have largely substantiated the whistleblower’s complaint that Trump pressured Ukraine to investigate political rival Joe Biden. Talks between lawyers for the whistleblower and representatives of the House of Representatives and Senate committees that want to question the intelligence official have all but deadlocked, three sources familiar with the negotiations told Reuters.

Lawyers for the official have voiced concern about the person’s safety and that testifying in person to congressional aides could expose the person’s identity. They have attributed some of that concern to statements by Trump, who calls the inquiry a sham and has suggested the whistleblower committed treason. U.S. officials told Reuters last week that the government was providing security for the whistleblower. At first, the negotiations focused on proposals that would allow the whistleblower to testify but away from Capitol Hill and with face and voice obscured, two of the sources said. But the whistleblower’s lawyers remained concerned that those precautions might not be enough to protect their client’s anonymity.

A proposal was made for the whistleblower to answer questions in writing, the two sources said, and House aides accepted it in principle. Republican and Democratic sources both say, however, that members of the Senate Intelligence Committee are insistent that they be allowed to interview the whistleblower, ideally face to face, although possibly under conditions that would still shield the person’s identity.

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“..a phantom confabulation of gossip threads..”

Wait for It (Kunstler)

An eerie silence cloaked the political landscape this lovely fall weekend as the soldiers in this (so far) administrative civil war scrambled for position in the next round of skirmishes. Rep. Adam Schiff fell back on the preposterous idea that he might not produce his “whistleblower” witness at all in the (so far) hypothetical impeachment proceeding. He put that one out after running a similarly absurd idea up the flagpole: that his “whistleblower” might just testify by answering written questions. I was waiting for him to offer up testimony by Morse code, carrier pigeon, or smoke signals.

Of course, the effort to “protect” the “whistleblower” has been a juke all along. For one thing, he-she-it is not a “whistleblower” at all; was only labeled that via legalistic legerdemain to avoid revealing the origin of this affair as a CIA cover-your-ass operation. Did Mr. Schiff actually think he could conceal this figure’s identity in a senate impeachment trial, when it came to that — for what else is impeachment aimed at? Anonymous sources are not admissible under American due process of law. Mr. Schiff must have missed that class in law school. All of this hocus-pocus suggests to me that there is no “whistleblower,” that it is a phantom confabulation of gossip threads that unraveled the moment Mr. Trump released the transcript of his phone call to Ukraine’s president Zelensky, aborting Mr. Schiff’s game plan.

The ensuing weeks of congressional Keystone Kops buffoonery since then appears to conceal a futile effort by Mr. Schiff and his confederates to find some fall guy willing to pretend that he-she-it is the “whistleblower.” He might as well ask for a volunteer to gargle with Gillette Blue Blades on NBC’s Meet the Press. One marvels at Rep. Schiff’s tactical idiocy. But just imagine the panicked consternation it must be triggering among his Democratic colleagues. Notice that Mrs. Pelosi has been hiding out during this latest phase of the action. She may sense that there is nothing left to do but allow Mr. Schiff to twist slowly slowly in the wind, as he has hung himself out to dry. She should have known better since every previous declaration of conclusive evidence by Mr. Schiff over the past three years has proved to be false, knowingly and mendaciously so.

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Flynn thanks the lord that he hired Sidney Powell. Buit still, more secrecy: why is the FBI sitting on those phones?

Michael Flynn Lawyer Seeks Data From Joseph Mifsud Phones (Ross)

Former national security adviser Michael Flynn’s attorney made a surprising request in a court filing Tuesday for two phones that she says belonged to Joseph Mifsud, a Maltese professor whose contacts with former Trump campaign adviser George Papadopoulos are at the heart of the Trump-Russia probe. Sidney Powell, a Flynn lawyer, asked the judge presiding over Flynn’s case to order prosecutors “to produce evidence that has only recently come into its possession.” She listed two Blackberry phones she asserts Mifsud used and requested data and metadata from the devices. Powell did not explain in the filing how the Mifsud phones might be relevant to Flynn’s case, but she wrote that “this information is material, exculpatory, and relevant to the defense of Mr. Flynn.”


Flynn, who served as President Donald Trump’s first national security adviser, has been awaiting sentencing on a charge that he made false statements to the FBI on Jan. 24, 2017 regarding his conversations in December 2016 with Russian Ambassador Sergey Kislyak. Flynn pleaded guilty to the charge on Dec. 1, 2017 and has been awaiting sentencing for nearly 10 months. Powell has said that Flynn is not planning to try to withdraw his guilty plea. Instead, she has argued that the case should be dismissed against the retired lieutenant general altogether. Prosecutors have rejected some of Powell’s previous requests for a variety of documents from the special counsel’s probe, arguing that they are immaterial to the false statements charge to which Flynn pleaded guilty.

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“Tulsi threatened to boycott the debate because of the despicable tactics of the NYT, CNN, and the rest of the corporate media who hate her so intensely. But rather than boycotting, she went and called them despicable to their faces”

Tulsi Gabbard Was A Dove On The Warpath (Tracey)

It was never especially plausible that Tulsi Gabbard would follow through on her threat to boycott last night’s presidential debate. Too much campaign energy and resources have flowed into ensuring that she secured a spot on the corporate TV stage, which is a sordid but unavoidable aspect of the modern primary process. But in her first comments, she spelled out the reasons why such a boycott would in theory have been absolutely warranted. The two media co-sponsors, CNN and the New York Times, had just spent the past several days attacking her with a level of brazenness that was shocking even to those well-accustomed to the regularity with which she is smeared by journalistic antagonists.

The NYT released a bottom-of-the-barrel hit-job on Saturday, regurgitating the entire litany of bogus talking points marshaled against her over the course of the campaign — Russian apologist, Assad apologist, friend to white nationalists, naive isolationist, cult member — with the obligatory David Duke reference thrown in for good measure. This has all been aired before, but it was packaged together by the NYT in the cheapest, sleaziest form imaginable. The unsubtle subtext is always that Tulsi has some nefarious hidden motive, and couldn’t possibly be running on an earnest commitment to the principles she espouses. Her campaign refused to comply with the NYT’s requests for the article, and rightly so.

[..] CNN is generally of the same disposition toward Tulsi (undisguised contempt) and that reached a new peak Tuesday, the day of the debate, when Democratic operative and ‘analyst’ Bakari Sellers proclaimed with total self-satisfied certitude that she is a ‘puppet for the Russian government’. His esteemed co-panelists had neither the knowledge or interest to meaningfully interrogate the charge, which of course is grotesque nonsense. As such, that’s the context in which Tulsi’s threat to boycott the debate was perfectly valid — but it’s better to be there than not.

So she took the opportunity to point out how despicable the CNN/NYT attacks were and segue into a broader indictment of the entire political/media class for the ongoing debacle in Syria, in which they have been collectively complicit for years. They might prefer to pin sole blame for recent developments on Trump — Tulsi was also unsparing in maligning him for his role — but Tulsi correctly widened the indictment to include the entire bipartisan war-marking apparatus and its loyal media cheerleaders. They pushed one narrative of the conflict — the US was funding and arming ‘good guys’ in the form of ‘moderate rebels’ seeking to overthrow Assad — that turned out to be spectacularly wrong, seeing as those same ‘rebels’ are now being denounced by US officials for taking part in the massacre of Kurds.

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Never ending.

DUP Says It Cannot Support Boris Johnson’s Brexit Deal (G.)

The Democratic Unionist party is threatening to scupper the Brexit deal that Boris Johnson is on the brink of agreeing with the EU. On the morning of a crucial EU summit in Brussels, a joint statement from the DUP’s leader, Arlene Foster, and her deputy, Nigel Dodds, explicitly says the party cannot support the deal that is close to being finalised. The pound fell 0.5% against the dollar and the euro within minutes of the announcement. The DUP statement said: “As things stand, we could not support what is being suggested on customs and consent issues, and there is a lack of clarity on VAT.” The statement will come as blow to the prime minister, who hopes to bring back a deal from the Brussels meeting and then secure the backing of parliament in a rare Commons vote pencilled in for Saturday.

The backing of the 10 DUP MPs is crucial for the success of that vote because many Conservative Brexiters have indicated they will not back a deal that is opposed by unionists. Steve Baker, the chair of the hard Brexit European Research Group, said he was optimistic the group would back a deal. But he also suggested the ERG could not support it if Johnson failed to secure the backing of the DUP. The DUP statement added: “We will continue to work with the government to try and get a sensible deal that works for Northern Ireland and protects the economic and constitutional integrity of the United Kingdom.”

Johnson has met Foster and Dodds three times in the last three days as he tried to shore up their support before Saturday’s deadline to prevent a delay to Brexit. Housing minister Robert Jenrick said on BBC Breakfast: “We know there are clearly concerns on the part of the DUP and we want to try and work through these productively in the hours to come. “All sides in this do want to secure an orderly exit from the EU, and I think one is in sight, although there is clearly very significant issues to be hammered out. Let’s wait and see.”

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The zombies were never cleared for the 28 years of boom.

Australia’s Housing Downturn A Larger-Than-Expected Drag On Economy (R.)

Australia’s property downturn is hitting household consumption and is a big drag on economic growth and inflation that will likely last at least another year, despite three interest rate cuts, a senior central bank official said on Thursday. However, an uptick in home prices in recent months, steady population growth and all-time low interest rates were expected to revive housing construction by 2021, Reserve Bank of Australia’s (RBA) Deputy Governor Guy Debelle said in a speech. Housing is a significant part of Australia’s A$1.95 trillion ($1.3 trillion) economy, with residential construction accounting for around 2% of total employment and 6% of the country’s gross domestic product (GDP).


“Much of the downturn in construction activity is still ahead,” Debelle said in Sydney in a speech titled “Housing and the Economy.” Home prices and construction activity in Australia peaked nearly two years ago with approvals to build new homes around 40% lower than their late-2017 highs. “We are forecasting a further 7% decline in dwelling investment over the next year, and there is some risk the decline could be even larger,” Debelle added. “This will directly subtract around 1 percentage point from GDP growth from peak to trough…” Housing also impacts consumption. The RBA’s standard estimate of the wealth effect is that a 10% fall in housing prices leads to a 1.5% fall in household consumption over time.

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Best thing perhaps is the South China Morning Post filed this in the lifestyle/fashion-beauty section.

China Bans Exports Of Black Clothing To Hong Kong (SCMP)

The Chinese government is cracking down on exports of black clothing to Hong Kong from mainland China. The protesters who have taken to the streets of Hong Kong for the last four months, initially to oppose a now-withdrawn extradition bill, have adopted as their uniform black T-shirts, black jeans and black sneakers, often paired with a black face mask. According to a notice issued by Guangdong courier company PHXBUY on July 11, mainland Chinese customs required courier companies to halt delivery of a list of products. “They include yellow helmets, yellow umbrellas, flags, flagpoles, poster banners, gloves, masks, black T-shirts, metal rods, fluorescent tubes, bludgeon clubs. We cannot take delivery of the above products … Thank you for supporting us,” the notice said.


A subsequent notice posted on September 26 by Guangdong-based EXPRESS contains an even longer list of banned items: foodstuffs, liquid, powder, gases, counterfeit brand products, big machines, helmets, umbrellas, wrist bands, towels, safety vests, speakers, amplifiers, trestles, walkie-talkies, drones, black shirts and other clothing, goggles, metal beads, metal balls, horticulture scissors, metal chains, torches, binoculars, remote-controlled toys. “Customers mailing products have to use their real names. For mismatch between proclaimed names of goods to be mailed and actual goods, they will be left in the warehouse … for any discovery of the aforementioned goods [for mailing to Hong Kong], a thorough investigation will be launched.”

Read more …

Everyone completely ignores the UN, and international law.

Assange Subjected To Torture & Violations Of Due Process Rights – UN Envoy (RT)

WikiLeaks publisher Julian Assange has been subjected to “psychological torture” and his due process rights have been “systematically violated” by all the states involved, according to UN Special Rapporteur on Torture Nils Melzer. Two medical experts accompanied Melzer when he visited Assange at Belmarsh prison in the UK, he said on Tuesday. “We came to the conclusion that he had been exposed to psychological torture for a prolonged period of time. That’s a medical assessment.” Melzer’s message fell largely on deaf ears, as only a handful of reporters attended Tuesday’s press conference at the UN headquarters in New York.


It was not the first time that Melzer has tried to bring attention to Assange’s plight. He wrote an opinion piece about it in June, only to find it ignored or rejected by mainstream media outlets, and ended up publishing open letters to the US, British, Ecuadorian, and Swedish governments in July. We asked for all the involved states to investigate this case and to alleviate the pressure that has been done on him, and especially to respect his due process rights, which in my view have been systematically violated in all these jurisdictions,” Melzer said on Tuesday. No country has agreed to do so, he added, even though this was their obligation under the Convention on Torture.

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Slogen of the year:

If it’s a Boeing… I’m not going!