Feb 092021
 


Horacio Coppola Avenida de Mayo entre Bolívar y Perú, Buenos Aires 1936

 

Five Ways The Government Could Have Avoided 100,000 Covid Deaths (G.)
14 Nursing Home Residents Test Positive For B117 Despite Vaccination (DF)
Israel and Greece Sign Deal To Allow Vaccinated Tourists To Travel (EN)
Why Moderna’s COVID-19 Vaccine Shipments To Canada Have Been Delayed (Star)
Cuba’s COVID-19 Vaccines Serve the People, Not Profits (CP)
A Very Dangerous Variant Of The Global Virus Is Spreading Again (Bilbo)
Is This The Biggest Financial Bubble Ever? Hell Yes It Is (John Rubino)
House Democrats Reject Push To Lower Income Threshold For Stimulus Checks (F.)
Yellen: US At Full Employment Next Year If Congress Passes Stimulus (CNBC)
Europe’s Debt Cancellation Would Mean Recognition of Insolvency (Lacalle)
No US Combat Deaths in Afghanistan Over Past Year (Antiwar)
As Trump Impeachment Trial Starts, Democrat Agenda Crashes Into Reality (JTN)
It Cost Taxpayers $483 Million To Send National Guard Troops To DC (F.)
Assange Supporters Urge Joe Biden To Drop Prosecution (Ind.)
The -New Normal- War on Domestic Terror (CJ Hopkins)

 

 

All suspended accounts are on the right.

 

 

U.S. COVID update: Lowest number of new cases since Oct.

 

 

NOTE: Don’t miss John Day MD’s guide for COVID prevention and treatment that I published earlier yesterday: Treat Your Own COVID.

It could save your life.

 

 

Look, Prof Devi Sridhar is chair of global public health at the University of Edinburgh, and he doesn’t manage one word on the government failing to boost their citizens’ immune systems. It’s all about masks and gloves and testing and borders and messaging. You know, the stuff that attracts attention AFTER people have been infected.

Nobody has a chance in the face of all this myopia.

Five Ways The Government Could Have Avoided 100,000 Covid Deaths (G.)

First, the UK had no border policies in place for months. [..] The second fatal flaw in the UK’s response happened on 12 March, when the government made the fatal decision to stop community testing [..] Third, the government made another harmful decision in March when it delayed the first lockdown. [..] The fourth error was the lack of appropriate personal protective equipment for many health and social workers [..] Finally, the UK has continually lacked both clear leadership and messaging, which are vital in a pandemic. Rather than leading from the front, the government seems to only follow public opinion and polling.

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The Pfizer vaccine. Google translate.

14 Nursing Home Residents Test Positive For B117 Despite Vaccination (DF)

In an old people’s and nursing home in Belm in the Osnabrück district, there was an outbreak of the British Corona variant despite the vaccination. In 14 seniors the virus is B.1.1.7. – although all residents had been vaccinated for the second time on January 25, the district announced. The home, all employees and their families have been quarantined. The board of directors of the German Foundation for Patient Protection, Brysch, called on the Ministry of Health to closely monitor nursing homes after the second vaccination. Otherwise there would be no reliable data on the danger the mutation posed for the high-risk group. So far there have only been asymptomatic or mild courses of the disease in the residents, which could be a positive effect of the vaccination, said the press spokesman for the Osnabrück district.

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Again: no vaccine has been approved yet, just emergency authorized. But this is based on vaccination passports. Let’s have a legal expert explain it.

Israel and Greece Sign Deal To Allow Vaccinated Tourists To Travel (EN)

Israel and Greece agreed on Monday to pave the way for vaccinated tourists to travel between their two countries in an effort to boost their economies amid the coronavirus pandemic. Israeli Prime Minister Benjamin Netanyahu and Greek Prime Minister Kyriakos Mitsotakis announced the agreement in Jerusalem on Monday. The deal is designed to allow tourists with vaccination certificates to move between the countries “without any limitations, no self-isolation, nothing,” Netanyahu said at a press conference.


Both economies have large sectors devoted to tourism, an industry devastated by travel restrictions during the 11-month pandemic. The announcement comes at a time of tough new travel restrictions elsewhere around the world as governments grapple with variants of the virus. The United Nations World Tourism Organisation says international arrivals fell 74% last year, wiping out $1.3 trillion (€1 trillion) in revenue and putting up to 120 million jobs at risk. A UNWTO expert panel had a mixed outlook for 2021, with 45% expecting a better year, 25% no change and 30% a worse one.

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No proper research, emergency authorization, of course you’re going to run into gigantic problems. We haven’t seen nothing yet.

Why Moderna’s COVID-19 Vaccine Shipments To Canada Have Been Delayed (Star)

Moderna’s delivery of COVID-19 vaccines to Canada has hit delays because the company has encountered problems with its European supply chain and restrictions on exports of vaccine supplies, the Star has learned. A senior federal source with knowledge of the file told the Star that Moderna is trying to source the material needed to produce its vaccine, and to meet demand for materials needed to package the vaccines. The source said the company’s own supply for materials has been affected by the European Union’s attempt to control how much material is exported before its member states are supplied with vaccine. In a written statement to the Star, Moderna’s country manager for Canada, Patricia Gauthier, confirmed the company’s effort to scale up production in Switzerland is a factor in delayed deliveries to countries outside of the United States.


The statement said Moderna has provided revised short-term delivery guidance “outside of the U.S., including to the government of Canada based on the ramp up trajectory of drug substance manufacturing in Switzerland.” It also suggested no problems are occurring with its packaging process. “Fill and finish activities continue as planned,” the statement said. “Moderna remains focused on operating at the highest level of quality to ensure the safety of the vaccine.” Moderna also confirmed its contract with Canada specifies “delivery volumes per quarter,” and said it will “meet its contractual commitments for the first quarter and the following quarters in order to deliver 40 million doses by the end of the third quarter.” It said its strategic collaboration with Lonza in Switzerland — which started mass production of Moderna vaccines this year — aims to manufacture up to 1 billion doses of its COVID-19 vaccine per year.

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Cuba has a hard time getting the ingedients for its vaccines. Embargo, don’t you know.

Cuba’s COVID-19 Vaccines Serve the People, Not Profits (CP)

Cuba’s socialist approach to developing vaccines against COVID-19 differs strikingly from that of capitalist nations of the world. Cuba’s production of four vaccines is grounded in science and dedicated to saving the lives of all Cubans, and to international solidarity. The New York Times’s running report on the world’s vaccine programs shows 67 vaccines having advanced to human trials; 20 of them are in the final phase of trials or have completed them. The United States, China, Canada, the United Kingdom, Germany, South Korea, and India have each produced many vaccines; most vaccine-manufacturing countries are offering one or two vaccines. Cuba is the only vaccine manufacturer in Latin America; there are none in Africa. The only state-owned entities producing the leading vaccines are those of Cuba and Russia.

Cuba’s Finlay Vaccine Institute has produced two COVID-19 vaccines. Trials for one of them, called Sovereign I, focus on protecting people previously infected with COVID-19. The antibody levels of some of them turned out to be low, and the vaccine might provide a boost. The other vaccine, Sovereign II, is about to enter final human trials. For verifying protection, these trials require tens of thousands of subjects, one half receiving the vaccine and the other half, a placebo vaccine. Cuba’s population is relatively small, 11 million people, too small to yield enough infected people in the short time required to test the vaccine’s protective effect. That’s why Sovereign II will be tested in Iran.

100 million doses of Sovereign II are being prepared, enough to immunize all 11 million Cubans, beginning in March or April. The 70 million remaining doses will go to Vietnam, Iran, Pakistan, India, Venezuela, Bolivia, and Nicaragua. Sovereign II “will be the vaccine of ALBA,” explained Venezuelan Vice President Delcy Rodríguez, referring to the solidarity alliance established in 2004 by Venezuelan President Hugo Chavez and Cuba’s Fidel Castro. “Cuba’s strategy in commercializing the vaccine represents a combination of what’s good for humankind and the impact on world health. We are not a multinational where a financial objective comes first,” says Vicente Vérez Bencomo, director of Cuba’s Finlay Vaccine Institute. Income generated by vaccine sales abroad will pay for health care, education, and pensions in Cuba just as happens with exports of medical services and medicines.

Cuba’s Center for Genetic and Biotechnological Engineering is developing two other COVID-19 vaccines; One, named “Mambisa” (signifying a female combatant in wars of liberation from Spain), is administered via the nasal route, just as is Cuba’s hepatitis B vaccine. The other vaccine, named “Abdala” (a character in a Jose Marti poem) is administered intramuscularly. The two vaccines are involved in early trials.

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Austerity is that variant.

A Very Dangerous Variant Of The Global Virus Is Spreading Again (Bilbo)

There is a new variant of the global virus spreading again after being subdued throughout 2020. This is a very dangerous variant and if it takes hold will guarantee massive human suffering, and, a further, substantial shift in national income towards the top-end-of-town. I refer to the creeping infestation that is starting to pop up claiming that austerity will be required to pay for all the “profligacy” associated with government approach to the pandemic. I have seen this virus in the wild and it is creepy and being spread by those who seem to want to gain attention as time passes them by. Overheating threats, austerity threats – it is all part of the economics establishment trying to remain relevant. A vaccine will not work. They need to be permanently isolated.

The Prospect Magazine article (January, 26, 2021) – In defence of austerity – written by a “former head of Treasury” The sub-title begins the twisted framing: “Free money is in vogue—but there’s no such thing” – the only cost of the Bank of England buying all the debt being issued by H.M. Treasury is the wear and tear on the computer keyboards that type in the numbers. The pandemic has exposed to an increasing number of people that there is ‘free money’. They are realising that numbers just appear in bank accounts. Perhaps this former official should watch the recent speech and subsequent Q&A from the Reserve Bank of Australia governor, Philip Lowe to the National Press Club in Canberra (February 3, 2020).

He was asked by a journalist in the Q&A: Could you please explain in the simplest terms, perhaps keeping in mind your audience outside of this room, when the RBA decides to purchase government bonds, as it’s doing, where does the RBA get that money from? Is it simply a matter of printing new money? How does it work? The Governor replied:

“Well, it’s not printing money. People think of it as printing money, because once upon a time if the central bank bought an asset, it might pay for that asset by giving you notes, you know, bank notes. I’d have to run my printing presses to do it. We don’t operate that way anymore, obviously because we live in an electronic world. When we buy a bond from a bank, the way we pay for that is credit. The banks, we’ll use Westpac, who’s the sponsor of today’s event as an example. If we bought a bond from Westpac, we would credit Westpac’s account at the Reserve Bank, and that creates the money electronically. That’s how a modern system works. And then Westpac could use that money hopefully to make some loans to some of its customers. But we can create money electronically, and that’s what we do these days …”

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John takes a trip through all the bubbles. Read.

Is This The Biggest Financial Bubble Ever? Hell Yes It Is (John Rubino)

If you’re over 40 you’ve lived through at least three epic financial bubbles: junk bonds in the 1980s, tech stocks in the 1990s, and housing in the 2000s. Each was spectacular in its own way, and each threatened to take down the whole financial system when it burst. But they pale next to what’s happening today. Where those past bubbles were sector-specific, which is to say the mania and resulting carnage occurred mostly within one asset class, today’s bubble is spread across, well, pretty much everything – hence the term “everything bubble.” When this one pops there won’t be a lot of hiding places.


Most bubbles start when an influx of outside cash sends the price of something up dramatically. This captures the imagination of the broader investing public and the process takes on a life of its own, culminating in an orgy of bad decisions and eventually a wipe-out of the easy fortunes made on the way up. So to understand the everything bubble, let’s start at the beginning with that influx of outside money. This time it’s coming from the Federal Reserve in what can only be described as the mother of all print runs. M2, a medium-broad measure of the US money supply, has more than tripled so far in this century, and lately the arc has gone vertical, rising by nearly a third in just the past year.

All this extra money has to go somewhere, so no surprise that it’s flowing in lots of different directions. Among the recipients: The bond and money markets, made up of instruments that pay interest, are in the aggregate far bigger than the world’s stock markets. And they’ve been booming, with interest rates falling steadily for four straight decades. Since bond prices are the reciprocal of bond yields, the next chart can be read as an epic bull market in bonds, one which has gained steam in the past year as massive currency creation has forced fixed income investors (who have to invest new cash somehow) to buy bonds regardless of what they yield.

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Good Lord: “Democrats anticipate that the final package will be passed by both houses of Congress by mid-March.”

House Democrats Reject Push To Lower Income Threshold For Stimulus Checks (F.)

After days of infighting, House Democrats on Monday night released details of proposed coronavirus relief measures that would put the ceiling for full $1,400 stimulus checks to Americans at the same income levels as previous payouts, rejecting calls from more centrist Democrats to lower the threshold. House Ways and Means Committee Chairman Rep. Richard Neal (D-Ma.) released a draft version of the bill Monday night proposing $1,400 stimulus checks for single earners making up to $75,000 and for joint filers earning up to $150,000. Some centrist Democrats had called for lowering the threshold to $50,000 per year for individuals and $100,000 per year for joint filers, causing outrage from progressives like Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio Cortez (D-Ny). Child and adult dependents will now be eligible, unlike the previous rounds of stimulus payments.


Responding to concerns that wealthy people would receive checks, the stimulus payments will phase out quicker, zeroing out when individual income reaches $100,000 and at $200,000 for households. Democrats last week passed a budget reconciliation measure, which allows them to pass a stimulus plan with a simple majority rather than the usual 60 votes required to overcome a filibuster in the Senate. As a result, the final bill will likely be subject to intense jockeying between Democrats because the party can’t afford to lose a single vote in the Senate without Republican support. The measure still has to pass the rest of the House and the Senate, where it meets resistance from centrist Joe Manchin (D-W.Va), who has been leading the charge to lower the income threshold. Democrats anticipate that the final package will be passed by both houses of Congress by mid-March.

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Let’s do the opposite of everything she proposes, then we should be good.

Yellen: US At Full Employment Next Year If Congress Passes Stimulus (CNBC)

The U.S. could return to full employment in 2022 if President Joe Biden’s $1.9 trillion coronavirus rescue package is passed, Treasury Secretary Janet Yellen said on Sunday. “There’s absolutely no reason why we should suffer through a long slow recovery,” Yellen said during an interview on CNN’s “State of the Union.” “I would expect that if this package is passed that we would get back to full employment next year.” Long-term unemployment is nearing a historical peak nearly a year since the pandemic began. Nearly 40% of unemployed workers have been out of work for six months, the Bureau of of Labor Statistics reported on Friday, with nearly 9 million fewer Americans working now than last February. The unemployment rate fell to 6.3% in January.

The pandemic-fueled unemployment rate will remain elevated for years to come without more federal support, Yellen said, citing an analysis from the Congressional Budget Office. Without additional stimulus, it could take until 2025 to send the unemployment rate back down to 4%. Yellen also said that former Obama economic adviser Larry Summer’s concerns over Biden’s stimulus plan posing risks to inflation are small compared to economic damage from failing to provide enough economic support during the pandemic. The U.S. has “the tools to deal with” the risk of inflation, Yellen said.

Democrats in Congress have moved to pass the stimulus plan within two weeks without GOP support, using a parliamentary procedure known as reconciliation. The plan is the first of two major spending initiatives Biden will seek and includes provisions like direct payments to Americans, weekly jobless benefits through September and funding for vaccines and testing. The second bill will focus on infrastructure reform, climate change and racial equity, among other things. “We have people suffering … through absolutely no fault of their own,” Yellen said. “We have to get them to the other side and make sure that this doesn’t take a permanent toll on their lives.”

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Everything left is dangerous.

Europe’s Debt Cancellation Would Mean Recognition of Insolvency (Lacalle)

More than 100 economists, led by French economist Thomas Piketty, creator of some of the most absurd proposals embraced by the extreme left, on Feb. 5 published an open letter in which they called for a cancellation of government debt in the hands of the ECB “in exchange for greater public investment”—which, by the way, would be paid with more issuance of public debt. Fascinating. Luís de Guindos, vice president of the ECB, has settled the controversy with two pieces of evidence. “The cancellation of debt [on the ECB balance sheet] is illegal … [and] does not make any economic or financial sense at all,” he explained in a speech, according to Europa Press. The first part is obvious. It is prohibited by the bylaws of the ECB. I will explain the lack of economic logic here.

A debt write-off or cancellation is evidence of the issuer’s insolvency. If, as the economists repeat, the solvency and credit credibility of the eurozone is not at stake, why ask for a cancellation? If, in addition, as Piketty and other defenders of massive state indebtedness maintain, deficits are not a problem and increasing debt is not a concern because it creates reserves, why cancel it? Let’s not forget that many of the parties that have embraced Piketty’s idea in Europe—Podemos, Syriza, and other European radical parties—filed a proposal to exit the euro in 2015 that they have never subsequently withdrawn or rejected. Podemos MEPs presented a resolution in Strasbourg for the European Union to prepare the mechanisms for the “orderly dissolution of the euro zone.” They also proposed to establish “the mechanisms that would allow a country integrated in the single currency to abandon it to adopt another currency,” according to Spanish newspaper Crónica Global.

So basically, radical parties in Europe demand that the ECB forgives their debt and prints more while keeping the option of leaving the euro. Call that baking the cake and eating it. Most eurozone states finance themselves today at negative rates or extremely low yields. It would be a mistake to think that these low interest yields are the consequence of good government fiscal policy. If the eurozone has low interest rates and low yields it’s because European taxpayers keep it solvent—mostly thanks to Germany’s financial solvency. European taxpayers uphold the credibility of the euro as a currency, and with this the ECB can carry out expansionary policies.

Piketty and colleagues open a dangerous option: direct monetization of all and any government spending Argentina-style. And do so ignoring that the euro is the only global reserve currency with redenomination risk, and that its credibility is maintained only because of the widespread confidence in the euro area’s commitment to repay its debts. A euro bond is an asset for many investors globally only because it’s supposed to be of the lowest risk. Opening the Pandora’s box of cancellations means its status as an asset disappears.

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And then Biden wants to go break the deal that made that possible.

No US Combat Deaths in Afghanistan Over Past Year (Antiwar)

For the first time since the US war in Afghanistan started in 2001, no US troops died in combat in the country for an entire year. The last US combat death took place on February 8th, 2020, when two US Army soldiers were killed in a firefight. This means since the US and Taliban signed a peace deal in late February of last year, no US troops have been killed by the group. But with the withdrawal deadline approaching, the Taliban is vowing to again turn their weapons on US soldiers if they stay in Afghanistan past May 1st. While the Biden administration has yet to make a formal announcement, the chances of a US withdrawal by May 1st seem slim. Last week, a congressionally mandated report was released that warned against the May 1st deadline, which could be all the excuse the US needs to stay.


Pentagon officials have said the deadline is uncertain and insist troops levels in Afghanistan remain “conditions-based.” US officials have been complaining about the amount of violence between the Taliban and the US-backed government. On Monday, Gen. Frank McKenzie, the head of US Central Command, said the level of violence is “too high” and that the Biden administration is taking “a close look at the way forward in accordance with the February 2020 peace agreement.” Since the US is not the only country with troops in Afghanistan, the US-Taliban deal paved the way for all foreign and NATO forces to leave the country. While the alliance has also not made a formal announcement, NATO officials told reporters that NATO troops will remain in Afghanistan beyond May 1st.

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Get out the popcorn.

As Trump Impeachment Trial Starts, Democrat Agenda Crashes Into Reality (JTN)

[..] And the emotionally charged case that Trump incited the Capitol riot with his Jan. 6 speech, has developed deep cracks. Less than a half dozen Republicans have shown any interest in conviction as the facts increasingly show the riot was not spontaneous but rather planned for days and weeks with fund-raising, training, and combat threats. Even the former Capitol Police chief has weighed in with a letter to Speaker Nancy Pelosi saying the attacks exhibited a “high level of coordination,” undercutting the Democrats’ spontaneous incitement narrative even further. The likelihood of Trump’s conviction has waned as the premeditation evidence mounts, and now Democrats once gleeful they could end the 45th president’s ability to ever hold office again are now pressing to get the trial over quickly as acquittal seems assured.

“It’s not clear to me that there is any evidence that will change anyone’s mind,” Hawaii’s Democratic Sen. Brian Schatz told Politico. Republican Sen. John Thune of South Dakota, often an opponent of Trump, acknowledged the obvious, observing, “Both sides would kind of like to wrap it up fairly quickly.” The Senate trial will start Tuesday with a debate over whether the event is even constitutional with Chief Justice John Roberts refusing to preside, Trump already out of office, and a legitimate debate over whether Trump’s speech was protected “free speech” as Democratic law professor John Turley has argued. Once a dream of Democrats, the trial is feeling more like a burden to them as other elements pose obstacles and challenges to the Biden agenda.

Even Biden himself has little interest in watching the trial, his chief spokeswoman said Monday. “I think it’s clear from his schedule and from his intention that he will not spend too much time watching the proceedings,” White House Press Secretary Jen Psaki said.

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Expensive theater.

It Cost Taxpayers $483 Million To Send National Guard Troops To DC (F.)

The federal government is projected to spend $483 million to keep National Guard troops in Washington, D.C., until mid-March, amid fears that former President Donald Trump’s impeachment trial may draw more violence. Pentagon press secretary John Kirby said Monday the price of sending National Guard troops to protect the area around the Capitol from January 6 to March 15 will total $483 million, $284 million for personnel and $199 million for operations. 5,000 troops are slated to remain in the city until March 15 as Trump’s Senate impeachment trial poses security concerns, Politico reported, including “mass demonstrations,” but it’s unclear if there is a specific threat. In the aftermath of the Capitol riots, 25,000 National Guard troops flooded Washington, D.C., for Biden’s inauguration in an effort to prevent further violence.


The majority of troops remaining in the city will do so voluntarily, according to Politico. Republican lawmakers have questioned the need for National Guard troops around the Capitol Hill complex. “We still have National Guardsmen out there, away from their families, away from their jobs, supplementing the police, and yet we can’t get a briefing on what is this dire threat that requires so many people. We still don’t have answers,” Rep. Michael Waltz (R-Fla.) told Fox News. Security forces were largely unprepared for the pro-Trump mob that breached the Capitol last month. National Guard troops were only called in after rioters stormed the building, and members of both parties are calling for investigations into security lapses surrounding the attack. But keeping thousands of troops in the city has been rocky: nearly 200 have contracted Covid-19, according to the Military Times.

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Bit of a campaign going on, even the New York Times chimes in. 10 years too late.

Assange Supporters Urge Joe Biden To Drop Prosecution (Ind.)

Media freedom groups and supporters of Julian Assange have asked the Biden administration to drop the US’s pursuit of the WikiLeaks’ founder, saying Donald Trump was opposed to the idea of a “free press”. In their first appeal to the US government since Joe Biden became president less than three weeks ago, more than 20 groups working to promote human right and a free media, wrote to the department of justice, asking it to drop the case against Mr Assange, saying they were fearful “the way that a precedent created by prosecuting Assange could be leveraged”.

“The indictment of Mr Assange threatens press freedom because much of the conduct described in the indictment is conduct that journalists engage in routinely — and that they must engage in in order to do the work the public needs them to do,” said the letter, signed by groups including Amnesty International, Human Rights Watch and the Freedom of the Press Foundation. “Journalists at major news publications regularly speak with sources, ask for clarification or more documentation, and receive and publish documents the government considers secret. In our view, such a precedent in this case could effectively criminalise these common journalistic practices.” There was no immediate response from the White House. But in a short statement released on Monday evening, a spokesperson for the department of justice, said: “We are continuing our efforts to seek the extradition of Julian Assange.”

[..] In their letter, the activists point out the Obama administration, of which Mr Biden was a key part, decided not to pursue the prosecution of Mr Assange. “The Trump administration positioned itself as an antagonist to the institution of a free and unfettered press in numerous ways. Its abuse of its prosecutorial powers was among the most disturbing,” the letter says. “We are deeply concerned about the way that a precedent created by prosecuting Assange could be leveraged—perhaps by a future administration—against publishers and journalists of all stripes.” The New York Times said the department had a deadline of Friday to file a brief in the British court if it wanted to continue to pursue the matter. The department is currently headed by a caretaker official, Monty Wilkinson, the acting attorney general. The letter was addressed to him.

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War on Domestic Terror goes global.

The -New Normal- War on Domestic Terror (CJ Hopkins)

If you enjoyed the Global War on Terror, you’re going to love the new War on Domestic Terror! It’s just like the original Global War on Terror, except that this time the “Terrorists” are all “Domestic Violent Extremists” (“DVEs”), “Homegrown Violent Extremists” (“HVEs”), “Violent Conspiracy-Theorist Extremists” (“VCTEs”), “Violent Reality Denialist Extremists” (VRDEs”), “Insurrectionary Micro-Aggressionist Extremists” (“IMAEs”), “People Who Make Liberals Feel Uncomfortable” (“PWMLFUs”), and anyone else the Department of Homeland Security wants to label an “extremist” and slap a ridiculous acronym on. According to a “National Terrorism Advisory System Bulletin” issued by the DHS on January 27, these DCEs, HVEs, VCTEs, VRDEs, IMAEs, and PWMLFUs are “ideologically-motivated violent extremists with objections to the exercise of governmental authority [and] perceived grievances fueled by false narratives.”

They are believed to be “motivated by a range of issues, including anger over Covid-19 restrictions, the 2020 election results, police use of force,” and other dangerous “false narratives” (e.g., the existence of the “deep state,” “herd immunity,” “biological sex,” “God,” and so on). “Inspired by foreign terrorist groups” and “emboldened by the breach of the US Capitol Building,” this diabolical network of “domestic terrorists” is “plotting attacks against government facilities,” “threatening violence against critical infrastructure” and actively “citing misinformation and conspiracy theories about Covid-19.” For all we know, they might be huddled in the “Wolf’s Lair” at Mar-a-Lago right now, plotting a devastating terrorist attack with those WMDs we never found in Iraq, or generating population-adjusted death-rate charts going back 20 years, or posting pictures of “extremist frogs” on the Internet.

The Department of Homeland Security is “concerned,” as are its counterparts throughout the global capitalist empire. The (New Normal) War on Domestic Terror isn’t just a war on American “domestic terror.” The “domestic terror” threat is international. France has just passed a “Global Security Law” banning citizens from filming the police beating the living snot out of people (among other “anti-terrorist” provisions). In Germany, the government is preparing to install an anti-terror moat around the Reichstag. In the Netherlands, the police are cracking down on the VCTEs, VRDEs, and other “angry citizens who hate the system,” who have been protesting over nightly curfews.

Read more …

 

 

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Feb 052021
 


Winslow Homer Mending the nets 1881

 

Atlantic Council Anonymous Expose Calls for Regime Change in China (MPN)
Macron: EU Shouldn’t Gang Up On China With US (Pol.eu)
Hunger Games (Ben Hunt)
US Covid Hospitalizations Drop To Lowest Level Since Before Thanksgiving (F.)
No Special Freedoms For The Vaccinated In Germany (DW)
Trump Rejects Dems’ Request To Testify At Impeachment Trial (AP)
Incitement Is Not A Real Crime (McMaken)
Smartmatic Files $2.7 Billion Lawsuit vs Fox News, Giuliani, Powell (CNN)
Biden Withdraws Judy Shelton’s Fed Nomination (Hill)
Largest US Mall Landlord Sent Jingle Mail to Deutsche Bank (WS)
Dominant Capital Is Much More Powerful Than You Think (RWER)
Dems Are Lucy, The Football Is $2,000 (DP)
Lies, Damn Lies, And Fact Checking (DP)
The Secret History of the Shadow Campaign That Saved the 2020 Election (Time)

 

 

Here’s what will determine US politics in the next 4 years. Lack of clickbait. War would be good for ratings.

 

 

Warmongers “R” Us. Any thoughts on Russia?

Atlantic Council Anonymous Expose Calls for Regime Change in China (MPN)

Influential D.C. think tank the Atlantic Council has printed a 26,000-word report laying out its strategy for combating China. Published anonymously, the report states that “the single most important challenge facing the United States” in the twenty-first century is China’s growth to rival their own power. To do so, the report states that the U.S. must use “the power of its military,” the dollar’s role as the global reserve currency, and American control over technology and communication to suffocate the nation of 1.4 billion people. It advises President Biden to draw a number of “red lines” past which the U.S. would directly intervene (presumably militarily). These include Chinese attempts to expand into the South China Sea, an attack on the disputed Senkaku Islands, or moves against Taiwan’s independence.

A North Korean strike on any of its neighbors would also necessitate an American response against China, the report insists, because “China must fully own responsibility for the behavior of its North Korean ally.” Any backing down from this stance, the council states, would result in national “humiliation” for the United States. Perhaps most notably, however, the report also envisages what a successful American China policy would look like by 2050: “the United States and its major allies continue to dominate the regional and global balance of power across all the major indices of power;” and that head of state Xi Jinping “has been replaced by a more moderate party leadership; and that the Chinese people themselves have come to question and challenge the Communist Party’s century-long proposition that China’s ancient civilization is forever destined to an authoritarian future.” In other words, that China has been broken and that some sort of regime change has occurred.

The Atlantic Council is a NATO-offshoot organization funded by the U.S. and other allied governments, including the Gulf dictatorships. Among its largest corporate sponsors include weapons manufacturers like Raytheon, Lockheed Martin, Northrop Grumman, and Boeing. Its board of directors is full of high statespeople like Henry Kissinger, Colin Powell, and Condoleezza Rice as well as senior military figures such as retired generals Wesley Clark, David Petraeus, H.R. McMaster, James “Mad Dog” Mattis, Lt. General Brent Scowcroft and Admiral James Stavridis. At least seven former CIA directors are also on the board. Thus, the council could be said to represent the consensus opinion of the national security state.

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“..during a discussion broadcast by Washington-based think tank the Atlantic Council..”

Macron: EU Shouldn’t Gang Up On China With US (Pol.eu)

The EU shouldn’t gang up on China with the U.S. even if it stands closer to Washington by virtue of shared values, according to French President Emmanuel Macron. “A situation to join all together against China, this is a scenario of the highest possible conflictuality. This one, for me, is counterproductive,” Macron said, speaking in English, during a discussion broadcast by Washington-based think tank the Atlantic Council on Thursday. This kind of common front against China — as other European leaders have advocated given the new Biden administration’s revived openness to traditional alliances — risks pushing Beijing to lower its cooperation on issues like combatting climate change, and exacerbating its aggressive behavior in Asia, including in the South China Sea, according to the French president.


Macron also said “the coming semesters will be very critical for Chinese leaders and China,” given the Biden administration’s reengagement in multilateral frameworks like the World Health Organization. “As the U.S. is reengaging itself, what will be the behavior of China?” Macron asked. He pitched, once again, holding a summit of the five permanent members of the United Nations Security Council — China, France, the U.S., U.K. and Russia. He had tried to hold such a summit in 2020 but it had fallen prey to Sino-American tensions and never materialized. Macron was answering questions from a handful of U.S. think-tankers, professors and former officials via video link in a 90-minute session recorded at the Elysée on Wednesday afternoon.

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“You have been told that by banding together and acting as one, you can “democratize” the stock market.”

Hunger Games (Ben Hunt)

You have been told that investing in the stock market is like betting on a sports game. You have been told that you are a SPECTATOR in the game of markets, that you are WATCHING a game being played out in front of you by lots of different companies. You have been told that you should make ‘bets’ on those companies based on how well you think those companies can play the game that you are watching. The companies will play the game and they will keep score by ‘beating’ or ‘missing’ on revenues and earnings and the like, and then that score will determine whether or not your bets pay off. You have been told that the better you are at ‘analyzing’ the teams playing this game, the more ‘due diligence’ you put into studying the teams playing this game, the more money you will make with your bets.

You have been told that everyone can win with their bets, that this is how you, too, can achieve the wealth that you deserve. You have been told that the odds are ever in your favor. You have been told this for your entire life. More and more, you suspect this is a lie. But if it is a lie … what then? What meaning exists in the stock market if this is a lie? Over the past few weeks you have been told a new story. A brave story. A story of heroes. A story of meaning. You have been told that by banding together and acting as one, you can “democratize” the stock market. You have been told that you can slough off your market oppressors who “want companies to fail”.

You have been told that you can be a PARTICIPANT in the game of markets, that you can storm the playing field of companies, that you can take matters into your own hands and rescue a promising company under unfair attack. And, yes, make some good money in the process. Why not? Seems only fair. Today, as you see the collapsing stock prices of the companies you supported, you suspect that this was a lie, as well. And you’d be right. Neither story is true. Neither story has EVER been true. Both of these stories are narratives for our very own Hunger Games, a spectacle that chews up the participants in the arena while delivering enormous profits to the networks (media, financial and political) that put them on. Media networks count their profits in eyeballs, in the attention the Games garner.

Financial networks count their profits the old-fashioned way, in the sheer volume of dollar-generating order flow the Games produce. As for politicians, they get their most valuable coin of the modern realm – an issue. The wackos on the left get to propose insane transaction taxes. The wackos on the right get to tell us how much liBeRtY we are enjoying by giving Ken Griffin all of our money. The very serious centrists get to tell us about how we need “a national conversation” about the T+2 settlement issues raised here. And what about the rest of us? What about all of us reading story after story about the “Reddit Revolution” and what it means for us? What do WE get out of the Hunger Games?

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And then come the variants.

US Covid Hospitalizations Drop To Lowest Level Since Before Thanksgiving (F.)

Coronavirus hospitalizations in the U.S. are down to their lowest level since Nov. 24, according to The COVID Tracking Project, as signs of improvement in the pandemic appear evident across essentially the entire United States. On Thursday, there were 88,668 Covid-19 patients in U.S. hospitals, which remains well above the height of the spring and summer surges of 2020 but a significant drop from the record high of 132,474 hospitalized on Jan. 6. The rate of new cases in the U.S. has been declining for weeks, and is now averaging just under 120,000 a day for the first time since Nov. 5, according to Johns Hopkins University. Deaths, which lag behind increases in other metrics and have been at record levels, appear to finally be on the decline.

The 7-day rolling average for deaths has dropped every day during February, and is now below 3,000 a day, according to The COVID Tracking Project. Health officials are warning against complacency, especially with new strains of Covid that seem much more contagious, like the U.K. and South African varieties, that are spreading in the United States. “Now is not the time to let our guard down. Keep taking steps to protect each other,” CDC Director Dr. Rochelle Walensky said at a briefing Wednesday.


Vaccination efforts are continuing to ramp up in the United States. As of Thursday evening, around 36.7 million Covid shots had been administered around the U.S., according to a Bloomberg tracker, with estimated 2.3% of the population fully vaccinated with two doses of either Pfizer or Moderna shots. And more help is likely on the way. On Thursday evening, Johnson & Johnson applied for emergency use authorization with the FDA for its vaccine, which only requires a single dose. Dr. Anthony Fauci said he expects approval to come “within a week or so,” and the company appears on track for a March rollout.

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Vaccinated with a non-approved and hardly tested vaccin. Take ’em to court.

No Special Freedoms For The Vaccinated In Germany (DW)

The German Ethics Council on Thursday spoke out against lifting restrictions for individuals who have been vaccinated against COVID-19. Germany has been in partial lockdown since November. Bars, restaurants and cultural and sporting facilities are closed. Schools and non-essential shops were added to the list in mid-December, with rules on mask-wearing and working from home tightened in January amid concerns over new virus variants. Vaccinations started at the end of December with people over 80 and their carers front of the line. There is currently a shortage of vaccines in Germany, and it will take several months for a majority of people to be immunized and become eligible for the lifting of restrictions.

Over the past few weeks tourism agencies, event managers and some politicians had suggested allowing those who have been vaccinated to travel, eat in restaurants, attend concerts and other events which would involve close contact with a high number of other people. Foreign Minister Heiko Maas was the first high-profile politician to speak out in favor of lifting restrictions. “Someone who cannot fall seriously ill with the coronavirus anymore will not need intensive care and burden the health care system. He should no longer have to suffer restrictions to his basic rights and freedoms,” he told Bild am Sonntag newspaper in January. Such proposals have been met with criticism, for example from Left party chairwoman Katja Kipping, who urged adherence to freedom and equality stipulations in the German constitution.

Chancellor Angela Merkel also ruled out special regulations this Monday. The COVID-19 vaccination is not mandatory in Germany. Distinguishing between the vaccinated and those not vaccinated would be the same as a mandatory vaccination,” Interior Minister Horst Seehofer had warned. The ethics council on Thursday pointed out that it had to be clarified first whether vaccinated people might still be able to transmit the virus. Only if that were ruled out could any exemption from rules such as wearing masks in public places be considered. “At the present time, withdrawing state restrictions on freedoms for vaccinated people should not take place as it is not yet possible to reliably assess infectiousness,” Ethics Council head Alena Buyx told a news conference in Berlin on Thursday.

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For entertainment purposes only.

Trump Rejects Dems’ Request To Testify At Impeachment Trial (AP)

House Democrats on Thursday asked Donald Trump to testify under oath for his Senate impeachment trial, challenging him to respond to their charge that he incited a violent mob to storm the Capitol. A Trump adviser said the former president won’t testify. Although Democrats might not have the power to force Trump’s testimony, the request from House impeachment managers is part of their overall effort to put the violent events of Jan. 6 on the record for history and hold him accountable for his words. Democrats will look to use his refusal to testify against him as they argue that the ex-president has avoided responsibility for his actions.

Hours after the Democrats’ request was revealed, Trump adviser Jason Miller dismissed the trial as “an unconstitutional proceeding” and said the former president would not testify. Separately, Trump’s lawyers denounced the request as a “public relations stunt.” The impeachment trial starts Feb. 9. Trump, the first president to be impeached twice, is charged with inciting an insurrection on Jan. 6, when a mob of his supporters broke into the Capitol to interrupt the electoral vote count. Five people died. Before the riot, Trump had told his supporters to “fight like hell” to overturn his election defeat. Democrats have said a trial is necessary to provide a final measure of accountability for the attack. If Trump is convicted, the Senate could hold a second vote to disqualify him from seeking office again.

In the letter to the former president and his attorneys, Democratic Rep. Jamie Raskin, one of the impeachment managers, asked that Trump explain why he and his team have disputed key factual allegations at the center of their case. He asked that Trump provide testimony about his conduct “either before or during the Senate impeachment trial,” and under cross-examination, as early as Monday, Feb. 8, and not later than Thursday, Feb. 11. The request from Raskin cites the words of Trump’s own attorneys, who in a legal brief earlier this week not only denied that Trump had incited the riot but also asserted that he had “performed admirably in his role as president, at all times doing what he thought was in the best interests of the American people.”

With that argument, Raskin said, Trump had questioned critical facts in the case “notwithstanding the clear and overwhelming evidence of your constitutional offense.” He said Trump should be able to testify now that he is no longer president. Trump attorneys Bruce Castor and David Schoen responded hours later that the letter proves that Democrats “cannot prove your allegations” and that an impeachment trial is too serious “to try to play these games.”

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Not a new issue.

Incitement Is Not A Real Crime (McMaken)

[..] in an essay written for a small newspaper in the late 1960s, Rothbard explains the problem with claiming incitement is a real crime: “Suppose that Mr. A tells Mr. B: “Go out and shoot the mayor.” Suppose, then, that Mr. B, pondering this suggestion, decides it’s a darn good idea and goes out and shoots the mayor. Now obviously B is responsible for the shooting. But in what sense can A be held responsible? A did not do the shooting, and didn’t take part, we will assume, in any of the planning or executing of the act itself. The very fact that he made that suggestion cannot really mean that A should be held responsible. For does not B have free will? Is he not a free agent? And if he is, then B and B alone is responsible for the shooting.

If we attribute any responsibility at all to A, we have fallen into the trap of determinism. We are then assuming that B has no will of his own, that he is then only a tool in some way manipulated by A. Now, if Person A participated in the planning of a riot or a murder, then Person A is guilty of conspiracy, not incitement. But Person A is not guilty of anything for have merely suggested to Person B that he shoot the mayor. Person B, after all, is responsible for his own actions. [..] if the will is free, then no man is determined by another; then just because somebody shouts “burn, baby, burn,” no one hearing this advice is thereby compelled or determined to go and carry the suggestion out. Anybody who does carry out the advice is responsible for his own actions, and solely responsible.

Therefore, the “inciter” cannot be held in any way responsible. In the nature of man and morality, there is no such crime as “incitement to riot,” and therefore the very concept of such a “crime” should be stricken from the statute books.” [..] Cracking down on “incitement to riot,” then, is simply and purely cracking down on one’s natural and crucial right to freedom of speech. Speech is not a crime. And hence the injustice, not only of the crime of incitement, but also of such other “crimes” as “criminal sedition” (sharp criticism of the government), or “conspiracy to advocate overthrow of the government”—in other words, planning someday to exercise one’s basic and natural right to freedom of speech and advocacy.

A decade later, Rothbard emphasized the importance of rejecting the notion of incitement as a crime in his book For a New Liberty. Under the section titled “Freedom of Speech,” he writes: “What, for example, of “incitement to riot,” in which the speaker is held guilty of a crime for whipping up a mob, which then riots and commits various actions and crimes against person and property? In our view, “incitement” can only be considered a crime if we deny every man’s freedom of will and of choice, and assume that if A tells B and C: “You and him go ahead and riot!” that somehow B and C are then helplessly determined to proceed and commit the wrongful act. But the libertarian, who believes in freedom of the will, must insist that while it might be immoral or unfortunate for A to advocate a riot, that this is strictly in the realm of advocacy and should not be subject to legal penalty.”

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Maybe you can indict them for incitement.

Smartmatic Files $2.7 Billion Lawsuit vs Fox News, Giuliani, Powell (CNN)

A voting technology company swept up in baseless conspiracy theories about the 2020 election filed a monster $2.7 billion lawsuit on Thursday against Fox News, some of the network’s star hosts, and pro-Trump attorneys Rudy Giuliani and Sidney Powell, alleging the parties worked in concert to wage a “disinformation campaign” that has jeopardized its very survival. “We have no choice,” Antonio Mugica, the chief executive and founder of Smartmatic, told CNN Business in an interview about the company’s decision to file the lawsuit. “The disinformation campaign that was launched against us is an obliterating one. For us, this is existential, and we have to take action.”

The lawsuit, filed in New York state court, accused Fox, Giuliani, Powell and hosts Lou Dobbs, Maria Bartiromo, and Jeanine Pirro of intentionally lying about Smartmatic in an effort to mislead the public into the false belief that the 2020 presidential election was stolen from former President Donald Trump. “They needed a villain,” the lawsuit said. “They needed someone to blame. They needed someone whom they could get others to hate. A story of good versus evil, the type that would incite an angry mob, only works if the storyteller provides the audience with someone who personifies evil.” “Without any true villain, defendants invented one,” the lawsuit added. “Defendants decided to make Smartmatic the villain in their story.”

In a statement on behalf of the network and the named hosts issued after the lawsuit was filed, a Fox News spokesperson said, “FOX News Media is committed to providing the full context of every story with in-depth reporting and clear opinion. We are proud of our 2020 election coverage and will vigorously defend this meritless lawsuit in court.” Asked for comment, Powell said in a statement, “I have not received notice or a copy of this alleged lawsuit. However, your characterization of the claims shows that this is just another political maneuver motivated by the radical left that has no basis in fact or law.” In a statement of his own, Giuliani said, “The Smartmatic lawsuit presents another golden opportunity for discovery. I look forward to litigating with them.”

Giuliani and Powell have also been sued by another voting technology company, Dominion Voting Systems, for promoting their voter fraud conspiracies. Giuliani called Dominion’s lawsuit against him an “act of intimidation” to “censor the exercise of free speech” and Powell called Dominion’s lawsuit against her “baseless.”

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Danielle DiMartino Booth: “Suggesting administration should have sway over Fed policy was error in judgment. But let’s face it, since Volcker departed, each successive administration’s influence increased. Judy just gave voice to the truth. In the end, the establishment won the war..”

Biden Withdraws Judy Shelton’s Fed Nomination (Hill)

President Biden on Thursday formally withdrew Judy Shelton’s nomination to the Federal Reserve Board, closing the book on her quest to join the central bank. Shelton’s nomination was withdrawn with more than two dozen other officials nominated by former President Trump in January shortly before he left office. The Democratic takeover of the Senate in January effectively ended Shelton’s chances of confirmation, and Biden’s withdrawal of her nomination does little more than clear the way for his eventual pick to fill the final vacant spot on the Fed board. Biden has not yet indicated who he would nominate in Shelton’s place.


Trump announced in 2019 that he would nominate Shelton, a former campaign adviser, to the Fed board after Senate Republicans rejected four of his previous picks. She was formally nominated in early 2020 and narrowly approved for a confirmation vote by the Senate Banking Committee last July despite GOP concerns about her criticism of Fed independence, past support for the gold standard and inconsistent views on monetary policy. Shelton came remarkably close to confirmation in December, but coronavirus-related absences and the opposition of three Republican senators blocked her from joining the Fed. Trump renominated Shelton in January after the new Congress convened, but Republicans were unable to confirm her before losing their Senate majority.

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“Simon Property Group has washed its hands off it, letting the CMBS holders eat the losses. And the new owners, Deutsche Bank and holders of CMBS, will now get to manage the mall.”

Largest US Mall Landlord Sent Jingle Mail to Deutsche Bank (WS)

Deutsche Bank this week foreclosed on a $177.5 million mall mortgage. The mortgage had been securitized and spread over two commercial mortgage-backed securities (CMBS) in 2012. The collateral is 560,000 square feet of retail space at the 1.2 million square-foot Town Center at Cobb, in Kennesaw, Cobb County, Georgia. The regional mall has over 170 stores, including a Macy’s, a JCPenney, and a Belk (just filed for bankruptcy). The mall was owned by Simon Property Group, the largest mall landlord and mall REIT [SPG] in America, which, in one of its acts of jingle mail, had returned the mall to the lenders. “Jingle mail” was engraved into the American lexicon during the housing bust, when homeowners voluntarily turned their homes over to lenders, presumably by mailing them the house keys.

Most home mortgages are recourse loans, and banks can drag the homeowner to court over any deficiency after the foreclosure sale – except in the 12 “non-recourse” states. But commercial real estate mortgages are non-recourse; all the lender gets is the collateral, and the owner walks away. At the time of securitization in 2012, the collateral for the loan was valued at $322 million, according to Trepp, a data firm that tracks CMBS. And everything was hunky-dory. In October 2020, the value was slashed by 60% to $130.4 million. The legal notice by Deutsche Bank of the foreclosure sale, reported by the Marietta Daily Journal on January 27, specified that the mall would be sold on February 2 “at public outcry to the highest bidder for cash before the Courthouse door of Cobb County.” The opening bid would be $130.4 million.

And this is what happened on February 2, according to the Marietta Daily Journal: “[Attorney Matthew Norton of the law firm Polsinelli] “read the legal notice in full on the southern steps of the county’s justice center, a recitation that took over half an hour to complete. The bargain hunters who attended the morning’s residential foreclosure auctions left hours before, leaving Norton to conduct the “public outcry” on the courthouse steps across the street from an empty Flournoy Park.” And there were no bids. So Deutsche Bank and other CMBS holders are now the proud owners of the mall. Simon Property Group has washed its hands off it, letting the CMBS holders eat the losses. And the new owners, Deutsche Bank and holders of CMBS, will now get to manage the mall.

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“In capitalism, capital is power, and to accumulate it differentially – i.e., relative to others – is to fortify and augment one’s organized power over others.”

Dominant Capital Is Much More Powerful Than You Think (RWER)

According to the theory of capital as power (CasP), capitalists and corporations are driven not to maximize profit, but to ‘beat the average’. Their yardstick is not an unmeasurable theoretical abstraction, but the readily observable performance of others. Their aim is not to increase their ‘material gain’, counted in fictitious utils or socially necessary abstract labour time, but to earn more money than everyone else. And the reason, we argue, has to do with power. In capitalism, capital is power, and to accumulate it differentially – i.e., relative to others – is to fortify and augment one’s organized power over others. Following Kepler’s modern notion of force, CasP sees capitalized power not as a stand-alone qualitative entity, but as a quantitative relationship between entities.

First, capitalized power is not absolute, but relational. It’s not a ‘battery’ or ‘energy’ that some entities possess and use to impose their will over others. Instead, it is the actual structure of differential relationships among capitalist owners and organizations as well as between those owners and organization and others who are subjugated to them and resist their domination. Second, capitalized power is a pure quantity. The actual institutions, structures and processes of capitalist power – from production, to finance, to government, religion, ideology, international relations, crime and what not – vary greatly. They are qualitatively different from each other and, in that sense, hard if not impossible to compare and aggregate. But in capitalism, these qualitative differences all get reduced to pure numbers: they are converted to the universal quantities of differential profit, investors’ hype and risk perceptions – and from there they get discounted to the universal quantity of differential capitalization.

The ongoing quest to beat the average and accumulate differentially goes hand in hand with CasP’s notion of ‘dominant capital’. All capitalists try to beat the average, but only some succeed and only a minority succeeds systematically, at least over a certain period. In time, this minority percolates up the hierarchies of power to formulate the cluster we call dominant capital. This cluster comprises the largest government-backed corporate coalitions at the centre of any given sector, a particular society, a group of countries and, ultimate, the capitalist world as a whole. The constituent entities of dominant capital change over time – the Alphabets and Apples of today have substituted the U.S. Steels and AT&Ts of a century ago and will likely be replaced by others in the future. But topologically, as a ruling entity, dominant capital is ubiquitous. There is hardly a capitalist setting without it.

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Why would anyone ever vote again?

Dems Are Lucy, The Football Is $2,000 (DP)

The image of Lucy and the football is a good way to understand Democrats and the promised $2,000 checks — the party promised the checks immediately, but now seems intent on pulling the ball away at the last minute, expecting Charlie Brown to laugh. But millions of struggling middle-class families who were deceived probably won’t find it funny. The Washington Post, HuffPost and Bloomberg are reporting that Democrats may limit full $1,400 survival checks to individuals earning less than $50,000 and couples earning less than $100,000. A bipartisan group of senators is also now pushing an amendment to “ensure upper-income taxpayers are not eligible” for checks. At least one Democratic senator, Ron Wyden of Oregon, has said he opposes the new proposed income limits.


Biden’s original proposal would send full checks to individuals earning up to $75,000 and married couples earning up to $150,000 — the same income limits Congress has used for previous rounds of checks. The proposed changes, which are being discussed in the name of “targeting” payments to those who need it, could affect checks for millions of people who have previously received COVID economic impact payments. Under the new terms being debated, about four in ten Americans could be excluded or receive partial checks, according to census data. Roughly 36 percent of U.S. households earn more than $100,000 — and some of the 29 percent of American households earning between $50,000 and $100,000 are single households.

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Bezos will have more time for his hobbies soon.

Lies, Damn Lies, And Fact Checking (DP)

Jeff Bezos this week announced that he is stepping down from his job running Amazon in order to focus more on his other assets, including the Washington Post. Less than 24 hours later, his newspaper’s chief “fact checker” Glenn Kessler published a screed attacking Bezos’s highest-profile political opponent, Sen. Bernie Sanders, for mentioning that Donald Trump’s 2017 tax law benefited rich people and large corporations. This might seem like a simple example of a pundit knowing exactly who pays his salary, but in this case, the pundit in question has his own axe to grind. Kessler is the scion of a fossil fuel baron, which means he has an interest in defending tax cuts that were a particularly big financial windfall for oil companies, including the one linked to his family, according to Kessler’s own newspaper.

At a time when Americans’ trust in media has plummeted, Kessler is a perfect illustration of how the cottage industry of fact checking has turned itself into a system of Orwellian misinformation — one that uses fact-o-meters and Pinocchios to insist that war is peace and ignorance is strength. Rather than clarifying reality, fact checking is routinely used to hide the truth and shield the powerful from accountability — it has helped politicians hide their votes to cut Social Security; let health care industry lobbyists distort statistics about medical bankruptcies and Medicare for All; and abetted Wall Street’s efforts to downplay bank bailouts. Now, comes the crescendo: The newspaper owned by a man worth $180 billion is deploying fact checking to try to revise the entire history of the tax cuts that enriched his retail conglomerate.

And what a coincidence — the revision is happening just as the tax policy may be revisited by a new Democratic president. Not surprisingly, this particular broadside is being directed at Sanders, arguably the most prominent critic of Bezos and Amazon in all of American politics. He introduced legislation to shame the company for its labor practices, he successfully pressured the company to raise its workers’ wages and has championed legislation to tax billionaires. Bezos’s company has responded by attacking the Vermont senator — and now his newspaper is trying to reinforce those attacks under the deceptive guise of fact checking, all as it warns readers on every story that democracy dies in darkness.

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A curious celebration.

The Secret History of the Shadow Campaign That Saved the 2020 Election (Time)

A weird thing happened right after the Nov. 3 election: nothing. The nation was braced for chaos. Liberal groups had vowed to take to the streets, planning hundreds of protests across the country. Right-wing militias were girding for battle. In a poll before Election Day, 75% of Americans voiced concern about violence. Instead, an eerie quiet descended. As President Trump refused to concede, the response was not mass action but crickets. When media organizations called the race for Joe Biden on Nov. 7, jubilation broke out instead, as people thronged cities across the U.S. to celebrate the democratic process that resulted in Trump’s ouster.

A second odd thing happened amid Trump’s attempts to reverse the result: corporate America turned on him. Hundreds of major business leaders, many of whom had backed Trump’s candidacy and supported his policies, called on him to concede. To the President, something felt amiss. “It was all very, very strange,” Trump said on Dec. 2. “Within days after the election, we witnessed an orchestrated effort to anoint the winner, even while many key states were still being counted.” In a way, Trump was right. There was a conspiracy unfolding behind the scenes, one that both curtailed the protests and coordinated the resistance from CEOs. Both surprises were the result of an informal alliance between left-wing activists and business titans. The pact was formalized in a terse, little-noticed joint statement of the U.S. Chamber of Commerce and AFL-CIO published on Election Day. Both sides would come to see it as a sort of implicit bargain–inspired by the summer’s massive, sometimes destructive racial-justice protests–in which the forces of labor came together with the forces of capital to keep the peace and oppose Trump’s assault on democracy.

The handshake between business and labor was just one component of a vast, cross-partisan campaign to protect the election–an extraordinary shadow effort dedicated not to winning the vote but to ensuring it would be free and fair, credible and uncorrupted. For more than a year, a loosely organized coalition of operatives scrambled to shore up America’s institutions as they came under simultaneous attack from a remorseless pandemic and an autocratically inclined President. Though much of this activity took place on the left, it was separate from the Biden campaign and crossed ideological lines, with crucial contributions by nonpartisan and conservative actors. The scenario the shadow campaigners were desperate to stop was not a Trump victory. It was an election so calamitous that no result could be discerned at all, a failure of the central act of democratic self-governance that has been a hallmark of America since its founding.

Their work touched every aspect of the election. They got states to change voting systems and laws and helped secure hundreds of millions in public and private funding. They fended off voter-suppression lawsuits, recruited armies of poll workers and got millions of people to vote by mail for the first time. They successfully pressured social media companies to take a harder line against disinformation and used data-driven strategies to fight viral smears. They executed national public-awareness campaigns that helped Americans understand how the vote count would unfold over days or weeks, preventing Trump’s conspiracy theories and false claims of victory from getting more traction. After Election Day, they monitored every pressure point to ensure that Trump could not overturn the result. “The untold story of the election is the thousands of people of both parties who accomplished the triumph of American democracy at its very foundation,” says Norm Eisen, a prominent lawyer and former Obama Administration official who recruited Republicans and Democrats to the board of the Voter Protection Program.

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That is one scary image…

 

 

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Jan 262021
 


James McNeill Whistler Harmony in Blue and Silver: Trouville 1865

 

EU Threatens To Block Covid Vaccine Exports Amid AstraZeneca Shortfall (G.)
COVID19 Has Cost Global Workers $3.7 Trillion In Lost Earnings – ILO (G.)
House Delivers Impeachment Article To Senate (ZH)
Joe Biden On Donald Trump’s Impeachment Trial: ‘It Has To Happen’ (G.)
Sen. Leahy To Preside Over Trump’s Second Impeachment Trial (JTN)
Democrats Have Released A Roadmap To One-Party Rule (RCP)
Poll: Trump ‘Patriot Party’ Would Win 23% Of Voters, Drop GOP To Third (JTN)
Democrat Sens. Manchin, Sinema Won’t Back Elimination Of The Filibuster (JTN)
Janet Yellen Confirmed As Treasury Secretary (Axios)
Twitter Launches Birdwatch, A Wikipedia-Style Approach To Fight Misinformation (F.)
Ex-CIA Engineer Tells Judge He’s Incarcerated Like An Animal (Ind.)
Leon Black To Step Down From Apollo Global After Epstein Investigation (F.)
Flying Blind (Jim Kunstler)
Let Nuke Plants Run for 100 Years? (CP)

 

 

We passed 100 million cases overnight.

 

 

And off to the bullfight we go. Still not a word on HCQ, ivermectin or even vitamin D. Is it really just incompetence?

EU Threatens To Block Covid Vaccine Exports Amid Astrazeneca Shortfall (G.)

The EU has threatened to block exports of coronavirus vaccines to countries outside the bloc such as Britain, after AstraZeneca was accused of failing to give a satisfactory explanation for a huge shortfall of promised doses to member states. The pharmaceutical company’s new distribution plans were said to be “unacceptable” after it “surprisingly” informed the European commission on Friday that there would be significant shortfalls on the original schedule. The EU has been due to receive 100m doses in the first quarter of this year. But it is feared that the bloc will only receive half of that despite making large advance purchases ahead of authorisation of the vaccine by the European medicines agency.

In a heated call with AstraZeneca’s chief executive, Pascal Soriot, on Monday, the European commission president, Ursula von der Leyen, said the company must live up to its contractual obligations. The EMA is expected to authorise the vaccine by the end of this week. Von der Leyen’s spokesperson said: “She made it clear that she expects AstraZeneca to deliver on the contractual arrangements foreseen in the advance purchasing agreement. “She reminded Mr Soriot that the EU has invested significant amounts in the company up front precisely to ensure that production is ramped up even before the conditional market authorisation is delivered by the European Medicines Agency. “Of course, production issues can appear with the complex vaccine, but we expect the company to find solutions and to exploit all possible flexibilities to deliver swiftly.”

The EU’s health commissioner, Stella Kyriakides, made a televised statement to express her frustration at the company’s behaviour, warning that the answers so far provided had not been satisfactory. Late on Monday evening following discussions with executives representing the pharmaceutical company, Kyriakides tweeted: “Discussions with AstraZeneca today resulted in dissatisfaction with the lack of clarity and insufficient explanations. “EU member states are united: vaccine developers have societal and contractual responsibilities they need to uphold. “With our member states, we have requested from [Astrazeneca] a detailed planning of vaccine deliveries and when distribution will take place to member states. Another meeting will be convened on Wednesday to discuss the matter further.”

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On the bright side, at least we know where those trillions are. Safely in the hands of Bezos, Musk et al.

COVID19 Has Cost Global Workers $3.7 Trillion In Lost Earnings – ILO (G.)

The economic blow from Covid-19 has cost workers around the world $3.7tn (£2.7tn) in lost earnings, after the pandemic wiped out four times the number of working hours lost in the 2008 financial crisis, according to the UN’s labour body. The International Labour Organization (ILO) said women and younger workers had borne the brunt of job losses and reductions in hours, and warned that people in sectors hardest-hit by the crisis – such as hospitality and retail – risked being left behind when the economy recovers. Sounding the alarm that entrenched levels of inequality risked becoming a defining feature of the economic rebound from Covid-19, the Geneva-based agency said that governments around the world needed to take urgent action to support those at the heart of the storm.

In its annual analysis of the global jobs market, it said 8.8% of working hours were lost in 2020 relative to the end of 2019, equivalent to 255m full-time jobs. This is approximately four times bigger than the damage suffered by workers as a consequence of the 2008-9 financial crisis. These “massive losses” resulted in an 8.3% decline in global labour income, before government support measures are included, according to the ILO, equivalent to $3.7tn in earnings – about 4.4% of global GDP. Women have been more affected than men by the disruption to the jobs market, with female workers more likely to drop out of work altogether and stop looking for a new job. Younger workers have also been particularly hard hit, either losing jobs, dropping out of the labour force or delaying the search for a first job.

The ILO said there were some encouraging signs of recovery at the start of 2021 as the Covid-19 vaccine is gradually deployed around the world. However, it still estimated the continuing economic fallout would lead to a 3% loss of working hours globally in 2021 compared with the end of 2019, equivalent to 90m full-time jobs. In a pessimistic scenario, which assumes slow progress on vaccination, working hours would fall by 4.6% this year, while on an optimistic path the world economy would still lose 1.3% of working hours.

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They’re so hungry for blood they can’t see how ridiculous they look.

House Delivers Impeachment Article To Senate (ZH)

The House delivered its single impeachment article against former President Donald Trump to the Senate on Monday, setting the stage for a February 8 trial. Just three Senate Republicans were present during the formal delivery of the article; Mitch McConnell, Mitt Romney and Roger Marshall. Senators will get sworn in as jurors on Tuesday, according to a previous statement by Senate Majority Leader Chuck Schumer (D-NY), while both the impeachment managers who will argue the House Democrats’ case, and Trump’s defense team, will have time to draft and file legal briefs, according to CNBC. “The managers, headed by lead manager Rep. Jamie Raskin, D-Md., carried the article across the Capitol to the Senate on Monday in masked pairs as part of a formal procession. As Raskin read the charge against Trump, a smattering of senators wearing face coverings looked on from within the chamber.” -CNBC

Ironically, Trump – the only president to be impeached twice by the House – is unlikely to be convicted according to none other than President Biden, who told CNN he believed the outcome would be different if Trump had six months left in office – but that he doubts the required 17 GOP senators will vote to convict. Which begs the question if the entire exercise is moot, then why do it as it will only further polarize the already deeply divided US society and certainly not help the “unity” that Biden is allegedly striving to achieve. Trump was charged by the House with incitement of insurrection at the US Capitol on Jan. 6 by, as House Democrats claim, ‘falsely claiming that widespread election fraud cost him the 2020 election,’ and then encouraging his supporters to show up and challenge the electoral college count.

According to the article, Trump “threatened the integrity of the democratic system, interfered with the peaceful transition of power, and imperiled a coequal branch of Government,” and “thereby betrayed his trust as President, to the manifest injury of the people of the United States.”

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Twitter comment:

“DC will stay under military occupation while the opposition leader is put on trial..”

Joe Biden On Donald Trump’s Impeachment Trial: ‘It Has To Happen’ (G.)

The impeachment trial of Donald Trump “has to happen”, Joe Biden told CNN on Monday. While acknowledging the effect it could have on his agenda, the president said there would be “a worse effect if it didn’t happen”. Biden said he didn’t think enough Republican senators would vote for impeachment to convict, though he also said the outcome might well have been different if Trump had had six months left in his term. “The Senate has changed since I was there, but it hasn’t changed that much,” Biden said. The US House on Monday delivered its article of impeachment against Trump to the Senate, setting the stage for Trump’s second impeachment trial and the first ever Senate trial of a former US president.


Trump has been charged with inciting the attack on the US Capitol on 6 January, when an assault by a violent pro-Trump mob lead to the deaths of five people. Monday’s delivery and formal reading of the charge marks the opening of the trial, although arguments are set to start the week of 8 February. Republicans and Democrats last week agreed to a two-week delay to the start of the proceedings to allow both sides to prepare arguments and give senators a fortnight to negotiate vital legislation to mitigate the impact of the coronavirus and consider Biden’s cabinet appointments. Following Trump’s impeachment in the House on 13 January, Biden had said he hoped senators would “deal with their constitutional responsibilities on impeachment while also working on the other urgent business of this nation”.

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Judge, jury and henchman. Where’s the impartiality? Isn’t that required in a trial?

Sen. Leahy To Preside Over Trump’s Second Impeachment Trial (JTN)

Vermont Democratic Sen. Patrick Leahy is presiding over the upcoming impeachment trial of former President Trump in the Democratic-led Senate, the lawmakers announced in a statement on Monday. Chief Justice John Roberts presided over the first impeachment trial against Trump, which centered on his phone conversation with Volodymyr Zelensky, the president of Ukraine, in which he brought up Hunter Biden’s work with a Ukrainian gas company while his father, Joe Biden, was U.S. vice president. Leahy, the new Senate president pro tempore, voted in favor of convicting Trump on both articles of impeachment during the first trial against Trump in February 2020. Trump was ultimately acquitted by the Republican-led Senate.


“The president pro tempore has historically presided over Senate impeachment trials of non-presidents. When presiding over an impeachment trial, the president pro tempore takes an additional special oath to do impartial justice according to the Constitution and the laws,” Leahy said in a statement on Monday. “It is an oath that I take extraordinarily seriously.” Leahy also said he considers holding the president pro tempore position “one of the highest honors and most serious responsibilities” of his political career. “When I preside over the impeachment trial of former President Donald Trump, I will not waver from my constitutional and sworn obligations to administer the trial with fairness, in accordance with the Constitution and the laws,” he said.

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“Mark Zuckerberg alone poured $419 million into this scheme.”

Democrats Have Released A Roadmap To One-Party Rule (RCP)

The Democrats appear intent on instituting one-party rule in the United States. They’re trying to use the U.S. Capitol riots as an excuse to criminalize dissent and banish conservative voices from the public sphere, and at the same time they’re hoping to use their temporary, razor-thin majority in Congress to rewrite the rules governing our elections in a way designed to keep the Democratic Party entrenched in power for decades to come. In the House, Democrats have revived sweeping election reform legislation that died in the Senate during the previous session, perhaps hoping they can browbeat enough Republicans into going along with them. If that happens, the “Grand Old Party” of Abraham Lincoln might as well disband, because Republicans would never have any hope of regaining a congressional majority or controlling the White House under the rules that HR 1 would put in place.

Although the Constitution explicitly places state legislatures in charge of managing federal elections, HR 1 seeks to use the power of the purse to bludgeon the states into conforming to a centralized system pioneered in California and other deep-blue states. Congress can’t technically compel the states to change their voting laws, but seasoned politicians know that the states have become dependent on federal money to run their elections, and can’t afford to pick up the tab themselves. To make matters worse, HR 1 declares that Congress possesses “ultimate supervisory power over Federal elections” — an extraordinary usurpation of governmental authority that the Founders specifically assigned to the states. The 2020 election witnessed private interests dictating the manner in which the election was conducted in the nation’s urban cores.

Mark Zuckerberg alone poured $419 million into this scheme. The goal of centralizing power in the hands of the federal government has long been at the heart of liberal politics, and this legislation demonstrates why. HR 1 would codify the very practices — many of them currently illegal in most states — that created widespread irregularities in the 2020 elections and contributed greatly to public mistrust of the electoral process. In 2020, state and local officials used the COVID-19 pandemic as justification to ignore or deliberately violate state election laws. If HR 1 is enacted, they won’t need any such excuse in 2022 because the states will have no choice but to implement policies such as legalized ballot harvesting, early voting, and universal mail-in voting, as well as repeal of voter ID laws, signature-matching laws, and other ballot security measures.

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Democrats’ wet dream.

Poll: Trump ‘Patriot Party’ Would Win 23% Of Voters, Drop GOP To Third (JTN)

A hypothetical “Patriot Party” led by former President Donald Trump would win the support of almost a quarter — 23% — of the electorate, bumping the GOP down to third place with just 17%, according to a new Just the News poll with Scott Rasmussen. The startling survey result comes amid reports that Senate Republican support for convicting Trump in an impeachment trial is fast eroding. A Trump third party could provoke a pivotal realignment in American politics. With the support of 46% of registered voters in the new poll, Democrats would reap the benefits of a fractured opposition and entrench themselves as the nation’s dominant party — even without majority support.

Among “very conservative” voters — who make up a disproportionately large bloc within the Republican primary electorate — a Trump Patriot Party crushes the GOP 55%-24%. Should Trump remain in the GOP, his wide lead among these highly motivated voters affords him great leverage to influence the direction of the party by wielding the threat of conservative primary challenges against establishment Republicans ill at ease with the former president’s combative brew of conservatism infused with populism and nationalism. Despite Trump’s outperformance in 2020 of recent GOP presidential candidates among minorities, African-American and Hispanic voters effectively split evenly between the GOP and a Patriot Party in the the new poll.

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Move the goalposts.

Democrat Sens. Manchin, Sinema Won’t Back Elimination Of The Filibuster (JTN)

Democratic Sens. Joe Manchin and Kyrsten Sinema will not back the elimination of the filibuster. “I do not support doing away with the filibuster under any condition. It’s not who I am,” West Virginia’s Manchin said on Monday, according to The Hill. “If I haven’t said it very plain, maybe Sen. McConnell hasn’t understood, I want to basically say it for you. That I will not vote in this Congress, that’s two years, right? I will not vote” to alter the filibuster, the senator said in an interview on Monday, according to Politico. Sinema of Arizona is also unwilling to support nixing the filibuster. According to the Washington Post, a Sinema spokesperson said that the lawmaker is “against eliminating the filibuster, and she is not open to changing her mind about eliminating the filibuster.” “The Senate filibuster has evolved over the course of its history into a de facto supermajority requirement, necessitating 60 votes to end debate and advance legislation,” according to the Post.

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Vicious circles: as Fed president, she lowered interest rates, which as Treasury Secretary she can now use to excuse “acting big”.

Janet Yellen Confirmed As Treasury Secretary (Axios)

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday. Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis. Yellen previously served as the first female chair of the Council of Economic Advisers under President Clinton and the first female chair of the Federal Reserve under President Obama. Her confirmation as Treasury secretary makes her the first person to have held all three economic power positions in the federal government. Yellen told senators during her confirmation hearings that her immediate focus would be pandemic relief. With her confirmation, she can immediately start negotiating and working with Congress to pass President Biden’s $1.9 trillion coronavirus relief proposal.


“The damage has been sweeping, and as the President-elect said last Thursday, our response must be, too,” Yellen said last week. Yellen also endorsed Biden’s tax reform plan in her testimony, but she said the administration’s top legislative priority would be economic stimulus, with infrastructure not too far behind. “The focus right now is on providing relief and on helping families keep a roof over their heads and food on the table, and not on raising taxes.” “Neither the president-elect nor I propose this relief package without an appreciation for the country’s debt burden. But right now, with interest rates at historic lows, the smartest thing we can do is act big.”

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Big Bird is watching you.

Twitter Launches Birdwatch, A Wikipedia-Style Approach To Fight Misinformation (F.)

In a significant attempt to overhaul how it moderates content, Twitter on Monday unveiled Birdwatch, a pilot program to crowdsource fact-checks to combat misinformation. Birdwatch will allow regular users, called “Birdwatchers,” to identify tweets they think have misinformation and write notes with more information and context, which is similar to Wikipedia, where registered volunteers write, update and edit articles for accuracy. Anyone can apply to be a Birdwatcher, and the only requirements are a valid phone number, email and no recent violations of Twitter’s rules. Birdwatch notes will appear beneath a tweet, and in an effort to prevent people from gaming the system, Birdwatchers will be able to rate the effectiveness of each note, impacting the note’s ranking.

The program is currently a pilot, and is only available via a separate website, but eventually the company wants to expand Birdwatch to the rest of Twitter. During the pilot, Twitter said it wants to focus on making Birdwatch “resistant to manipulation attempts and ensure “it isn’t dominated by a simple majority or biased based on its distribution of contributors.” “We believe this approach has the potential to respond quickly when misleading information spreads, adding context that people trust and find valuable. Eventually we aim to make notes visible directly on Tweets for the global Twitter audience, when there is consensus from a broad and diverse set of contributors,” Twitter Vice President Keith Coleman said in a blog post.

Twitter has long been under pressure to prevent misinformation from spreading on its platform. But it wasn’t until this year that the company took more aggressive action. Twitter fact-checked tweets from former president Donald Trump and other politicians about Covid-19, mail-in voting and the election results. Those labels linked to news organizations or other institutions offering credible information. The social network eventually banned Trump entirely, citing tweets that could incite more violence following the Capitol riot. The intention of Birdwatch, though, is to expand those efforts beyond “circumstances where something breaks our rules or receives widespread public attention,” Coleman said.

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Gitmo in Manhattan.

“Schulte has been in solitary confinement and not been outdoors in over two years..”

“Schulte’s filthy cell, the size of a parking space, is infested with rodents, rodent droppings, cockroaches and mold and there is no heating, air conditioning or functioning plumbing..”

Ex-CIA Engineer Tells Judge He’s Incarcerated Like An Animal (Ind.)

A former CIA software engineer charged with leaking government secrets to WikiLeaks says it’s cruel and unusual punishment that he’s awaiting trial in solitary confinement, housed in a vermin-infested cell of a jail unit where inmates are treated like “caged animals ” Joshua Schulte, 32, has asked a Manhattan federal judge to force the federal Bureau of Prisons to improve conditions at the Metropolitan Correction Center, where he has been held for over two years under highly restrictive conditions usually reserved for terrorism defendants. In court papers Tuesday, Schulte maintained he is held in conditions “below that of impoverished persons living in third world countries.” “It is barbaric and inhumane to lock human beings into boxes for years and years — it is a punishment worse than death,” the court filing said.

Last year, a jury deadlocked on espionage charges alleging that Schulte stole a massive trove of the agency’s hacking tools and gave it to the organization that publishes news leaks. He was convicted of lesser charges of contempt of court and making false statements. He is scheduled for another trial on espionage charges in June in what was said to be the largest leak in CIA history involving classified information. Afterward, he faces a separate trial on child pornography charges. He has pleaded not guilty to all charges. In his 20s, Schulte, originally from Lubbock, Texas, worked as a coder at the CIA’s headquarters in Langley, Virginia, where digital sleuths design computer code to spy on foreign adversaries.

The so-called Vault 7 leak published in March 2017 by WikiLeaks revealed how the CIA hacked Apple and Android smartphones in overseas spying operations and efforts to turn internet-connected televisions into listening devices. After a yearlong probe, investigators blamed Schulte, who had already left the agency after falling out with colleagues and supervisors and moved to New York City to work at a news agency. At trial, a prosecutor called the leaks “devastating to national security.” A defense lawyer said the materials could have been accessed and stolen by hundreds of people. Juror Alexis Anthony said she never thought the evidence was strong enough to convict Schulte of espionage-related charges.

According to the court papers, Schulte has been in solitary confinement and not been outdoors in over two years under special administrative measures designed to severely restrict an inmate’s communications and interactions with others. Prosecutors say the measures are necessary after Schulte tried to leak even more classified information using a contraband cellphone that had been smuggled into the jail. They said he declared an “information war” and was “prepared to burn down the United States government.” Schulte’s filthy cell, the size of a parking space, is infested with rodents, rodent droppings, cockroaches and mold and there is no heating, air conditioning or functioning plumbing, the court papers said, while sunlight is blocked by a blacked out window. Television access is permitted for one hour per week.

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“Black paid Epstein a stunning $158 million in fees for services..”

Leon Black To Step Down From Apollo Global After Epstein Investigation (F.)

Leon Black, the billionaire co-founder of private equity giant Apollo Global Management, will be stepping down from his role as CEO of the $433 billion in assets firm. Black, who will remain as chairman, will be replaced by co-founder Marc Rowan by mid-year. The announcement of changed leadership came on Monday evening as Apollo released findings of an investigation directed by its board of directors into Black’s relationship with Jeffrey Epstein, the deceased financier who was criminally charged with human trafficking in 2019. Apollo said its investigation, conducted by law firm Dechert, found “no evidence that Mr. Black was involved in any way with Mr. Epstein’s criminal activities at any time.”

However, the report did show that Black paid Epstein a stunning $158 million in fees for services, loaned him over $30 million in loans and made a $10 million donation to Epstein’s charity, all figures that are multiples of what was previously reported. While the changing of guard atop one of the world’s largest private equity firms was characterized as part of its succession planning—Black is turning 70 this year and has been one of Wall Street’s most feared dealmakers for decades—it is also a maneuver by Apollo to move past well over a year of Epstein-related questions, which have slowed the firm’s growth, sunk its stock at times, and been a troubling mystery for its investors.

Black is the most prominent Wall Street A-lister connected to Epstein, a disgraced financier who was convicted and jailed for sex trafficking charges in 2008. After a Miami Herald investigation into Epstein in 2018, it was revealed that his trafficking operation was far greater than the public had known due to a sweetheart deal he cut with Florida prosecutors. The Herald found Epstein’s alleged trafficking was international and included numerous victims who came forward with allegations. The investigation, which won reporter Julia K. Brown a Pulitzer prize, caused prosecutors to reopen their investigations of Epstein, and exposed deep ties between Epstein, Wall Street power players like Black and well connected politicians and heads of state.

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“There will be plenty of work for former professors of Intersectionality in the sorghum fields.”

Flying Blind (Jim Kunstler)

Growing food and getting it to markets is the most critical activity. Poor Bill Gates, addled by his fortune, has bought up something like a quarter-million acres of farmland. His grandiosity prompts him to believe he can organize farming on the super-giant scale — Walmart for corn and turnips. Nothing could be further from the real coming trend: a reduction of scale and scope of farming and of the distribution supply lines that serve it. Poor Bill doesn’t seem to realize that the oil-and-gas-based “inputs” (fertilizers, pesticides) won’t be there for him, nor will the million-dollar diesel-powered combines. Nor the trucking industry. He could do more good for mankind getting into the mule business. (He won’t. Lacks razzle-dazzle.)

The transition between the old giant agri-biz model of farming and the emergent system of small-scaled farms based on human and animal labor will be arduous and disorderly in the early going. A lot of people will miss a lot of meals, and you know what that means. Working on a farm will be one way to make sure you get enough to eat. But also consider all the businesses that have to be created from scratch on the local level to serve the logistics of farming. You are already seeing many food products unavailable in the supermarkets. That will become more distressingly obvious in the disorders of 2021. When food deliveries to the supermarkets get really spotty, the farmers’ markets will not just be for schmoozing over lattes and almond croissants.

For those perhaps not paying attention, Covid-19 has destroyed what remains of education, especially the public school system. It was already moribund, waiting to crash, reduced to a pension racket for teachers. Going forward, the money won’t be there to operate these giant centralized schools and their yellow buses (while paying out pensions). The virus has kick-started exactly the kind of home-schooling pod system (several families combining) that can be reorganized into small-scale schooling for people who want it. People who don’t want it can move into their future without knowing how to read or do arithmetic. We’ll finally get a good test of the noble savage hypothesis. As for the colleges and universities, their business models are toast. They’ll be downscaling and shuttering as far ahead as the eye can see. Whatever remains will be more like finishing schools for neo-medieval ladies and gentlemen — and, by the way, the distinction between men and women will be reestablished. Why? Because reality insists on it. There will be plenty of work for former professors of Intersectionality in the sorghum fields.

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“..when they began being built were not seen as running for more than 40 years because of radioactivity embrittling metal parts and otherwise causing safety problems..”

Let Nuke Plants Run for 100 Years? (CP)

The U.S. Nuclear Regulatory Commission held a “public meeting” last week on what it titled “Development of Guidance Documents To Support License Renewal For 100 Years Of Plant Operation.” Comments from the “public” were strongly opposed to the NRC’s desire for it to let nuclear power plants run for a century. “I request you pause and consider before you go ahead on this reckless path,” testified Michel Lee, chairman of the New York-based Council on Energy & Conservation Policy. “Our position and that of our constituents is a resounding no,” declared Paul Gunter, director of the Reactor Oversight Project at the national organization Beyond Nuclear.

“It’s time to stop this whole nuke con job,” said Erica Grey, nuclear issues chair of the Virginia Sierra Club. There is “no solution” to dealing with nuclear waste, she said. It is “unethical to continue to make the most toxic waste known to mankind.” And, “renewable energy” with solar and wind “can power the world.” Jan Boudart, a board member of the Chicago-based Nuclear Energy Information Service, spoke, too, of the lack of consideration of nuclear waste. Cited was the higher likelihood of accidents with plants permitted to run for 100 years. Whether the NRC—often called the Nuclear Rubberstamp Commission—listens is highly unlikely considering its record of rubberstamping whatever has been sought by other nuclear promoters in government and the nuclear industry.

Nuclear power plants when they began being built were not seen as running for more than 40 years because of radioactivity embrittling metal parts and otherwise causing safety problems. So operating licenses were limited to 40 years. But with the major decline of nuclear power—the U.S. is down to 94 plants from a high of 129 and only two are now under construction—the nuclear promoters in the U.S. government and nuclear industry are pushing to let nuclear power plants run for 100 years to somehow keep nuclear power going.

Read more …

 

 

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Jan 242021
 
 January 24, 2021  Posted by at 10:19 am Finance Tagged with: , , , , , , , , , , , , ,  21 Responses »


Amedeo Modigliani Elvira Resting at a Table 1919

 

EU Vaccine Delays Dog Effort To Speed Up COVID Inoculations (EN)
Delaying Second Dose Of Vaccine Increases Risk Of New Resistant Strain – Sage (Ind.)
WHO Advisor: COVID19 Pandemic Likely Started Via Lab Leak (TSun)
‘Miraculous’ Ivermectin Approved For Use In The US For COVID19 (LS)
Lancet Retracts Study That Claimed HCQ Is Ineffective (NF)
Moderate Republicans Push Back On Biden’s Economic Plan (NBC)
Rand Paul Says Chief Justice Roberts Won’t Take Trump Impeach Trial (NYP)
Seattle Police and City Attorney Take Hardline Stance Against Antifa (PM)
Bezos, Zuckerberg $18 Billion Richer In Biden’s First Days In Office (F.)
Jeff Bezos, Amazon Refuting Mail-in Votes For Unionization (Outkick)
Eurostar Near Collapse, Asks for Bailout, Becomes Hot Potato (WS)
Indian Farmers on the Frontline Against Global Capitalism (OffG)

 

 

 

 

“Italy’s coronavirus commissioner said that vaccinations had been cut from 80,000 a day to 28,000 a day, Italian media reported. He said Italian authorities were considering taking legal action against Pfizer..”

EU Vaccine Delays Dog Effort To Speed Up COVID Inoculations (EN)

AstraZeneca’s EU vaccine shipments will be delayed, the EU’s health commissioner said, in yet another obstacle to the bloc’s COVID-19 vaccination rollout. “The EU Commission and Member States expressed deep dissatisfaction with this,” Stella Kyriakides tweeted on Friday after member states heard from AstraZeneca representatives. The AstraZeneca/Oxford vaccine is expected to receive approval from the European Medicines Agency this week, and any delay or shortage of doses could be a significant speed bump as member states race to vaccinate their populations amid a worsening COVID-19 crisis. The emergence of more transmissible variants of coronavirus has caused significant concern in Europe with the UK reporting record daily hospitalisations and deaths due to the virus mutations.

Johnson warned on Friday that early evidence showed the new variant could be more deadly as well. Countries are racing against the clock to vaccinate as many people as possible before the variants spread further. But Pfizer said just last week that fewer doses would be available in the EU in late January and early February due to quality tests at the manufacturing plant in Belgium. Some EU countries have since had to cut vaccinations amid the delays, prompting criticism of the pharmaceutical companies behind the vaccines. Domenico Arcuri, Italy’s coronavirus commissioner, said that vaccinations had been cut from 80,000 a day to 28,000 a day, Italian media reported. He said Italian authorities were considering taking legal action against Pfizer, AP reported.


Authorities in Germany’s most populous state said that due to delays in delivery of the Pfizer/BioNtech vaccine they would halt first vaccinations. North Rhine Westphalia had received 100,000 vaccine doses less than originally planned, the state said. Germany’s health minister Jens Spahn said that “we are currently in a phase in which the worldwide demand for corona vaccines is very high.”

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Well, that’s too bad then. Because you’ve run out.

Delaying Second Dose Of Vaccine Increases Risk Of New Resistant Strain – Sage (Ind.)

Delaying doses of coronavirus inoculations will increase the chances of a vaccine-resistant strain of Covid-19 emerging, government scientists have warned. In new reports, released by the Scientific Advisory Group for Emergencies (Sage), experts also warned that resistant new variants were a “realistic possibility” driven by the virus reacting to increasing levels of natural immunity among the population. The government’s decision to delay the second dose of vaccines to 12 weeks rather than three, to try and give more people some protection from the virus, has sparked anger among frontline health workers who fear they are being left at increased risk from infections.

There have also been suggestions from Israel, that have yet to be fully validated, that the protection from a first dose could be far less than originally thought. In papers released on Friday, Sage scientists there was an “increased risk of virus replication under partial immunity after one dose than after two doses, so in the short term, delaying the second dose would be expected to somewhat increase the probability of emergence of vaccine resistance – but probably from a low base. “Is such an increase material? It is not currently possible to quantify the probability of emergence of vaccine resistance as a result of the delayed second dose, but it is likely to be small. The UK currently has more than 1,000 Covid-19-related deaths each day and has limited supplies of vaccine.


“In the current UK circumstances the unquantifiable but likely small probability of the delayed second dose generating a vaccine escape mutant must be weighed against the measurable benefits of doubling the speed with which the most vulnerable can be given vaccine-induced protection.”

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While his WHO colleagues are still in China?!

WHO Advisor: COVID19 Pandemic Likely Started Via Lab Leak (TSun)

One year after the pandemic started, World Health Organization advisor Jamie Metzl wants China to come clean about the origins of the COVID-19 virus. The Kansas City-born, New York-based Metzl, who served as Deputy Staff Director of the Foreign Relations Committee under then Senator Joe Biden (2001-2003) and before that on the National Security Council (1997-99) and the State Department (1999-01) under President Bill Clinton), theorizes it was most likely an accidental lab leak in Wuhan. “There’s no irrefutable evidence,” said Metzl, who was appointed to the WHO’s expert advisory committee on human genome editing in 2019 and is also the author of Hacking Darwin. “There’s just more evidence and as more evidence arrives, the case for accidental lab leak, in my view, increases.”

We caught up with Metzl down the line from San Miguel de Allende: What about the original theory that this all started in a wet market in Wuhan? That was a lie. And the Chinese government knew very early on that that was a lie. And so in the face of overwhelming evidence in May of last year, the Chinese government shifted its position. Do you get the idea of scary viruses being created in a lab may seem a little sci-fi? It may feel like sci-fi to people but what’s happening is sci. There is a field of study called “gain of function” research, which is highly controversial in which some scientists amplify the virility of viruses. We know that the Wuhan Institute of Virology was involved in gain of function research on bat coronaviruses.


Is it because this specifically started in China that we still don’t know how COVID-19 started? If there had been an outbreak in Congo or some country in Africa and that country, in the earliest days of the pandemic, prevented World Health Organization investigators from going onto the scene of the outbreak, for nearly a month, the world would have gone berserk. Will a change of the U.S. administration help find an answer? Biden will be tougher on China than President Trump because President Biden is very smart and strategic and he understands that American power and American strength doesn’t rest on bluster, it rests on principles, it rests on partnerships, and alliances and accountability. And the Trump administration unfortunately gave China a pass by over politicizing the question of the origin of the virus by alienating America’s partners and allies.

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So when’s the big rollout?

‘Miraculous’ Ivermectin Approved For Use In The US For COVID-19 (LS)

Following the diligent efforts of physicians associated with a group called Front Line Covid-19 Critical Care Alliance (FLCCC), the National Institutes of Health (NIH) has upgraded their recommendation for the “miraculous” drug ivermectin, making it an option for use in treating COVID-19 within the United States. The result comes one week after Dr. Paul Marik and Dr. Pierre Kory—founding members of the FLCCC, along with Dr. Andrew Hill, researcher and consultant to the World Health Organization (WHO), presented their data before the NIH Treatment Guidelines Panel. A press release from FLCCC explains the “new designation upgraded the status of ivermectin from ‘against’ [the drug’s use] to ‘neither for nor against,’ which is the same recommendation given to monoclonal antibodies and convalescent plasma, both widely used across the nation.”


“By no longer recommending against ivermectin use,” the statement said, “doctors should feel more open in prescribing ivermectin as another therapeutic option for the treatment of COVID-19. This may clear its path towards FDA [Food and Drug Administration] emergency use approval.” “Ivermectin is one of the world’s safest, cheapest and most widely available drugs,” explained Dr. Kory, President of the FLCCC Alliance. “The studies we presented to the NIH revealed high levels of statistical significance showing large magnitude benefit in transmission rates, need for hospitalization, and death. What’s more, the totality of trials data supporting ivermectin is without precedent.”

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How many lives could have been saved?

Lancet Retracts Study That Claimed HCQ Is Ineffective (NF)

A leading medical journal has issued a retraction of their endorsement for a study that concluded the anti-viral drug hydroxychloroquine was ineffective against the COVID-19 virus. This retraction appears to validate the claims then-President Trump made about the medication being a frontline drug in the battle in the pandemic. The Lancet, a respected online medical journal, issued an apology to its readers in an edition last year after the retraction. “We deeply apologize to you, the editors, and the journal readership for any embarrassment or inconvenience that this may have caused,” the publishers of The Lancet said.

Compared to the significantly more expensive medications being used to treat the virus, hydroxychloroquine – a drug widely used to treat malaria – is relatively inexpensive and universally available. Hydroxychloroquine ranges in price from $0.30 to $6.63 per dose depending on location. The Lancet’s endorsement of the study was withdrawn because the Surgisphere Corporation, the company that provided data, refused to provide full access to the information it based its study on. Peer review medical journals typically engage in third-party peer review to validate the findings. The Surgisphere Corporation said it refused to release the study data because it would violate client agreements and confidentiality requirements, raising questions about the study’s legitimacy.


“Based on this development, we can no longer vouch for the veracity of the primary data sources. Due to this unfortunate development, the authors request that the paper be retracted,” The Lancet said in a statement. In the now debunked study, researchers concluded that hydroxychloroquine didn’t aid in curbing the COVID-19 virus. It went on to say that the drug caused heart problems and appeared to elevate the risk of death. The study was immediately embraced by the beleaguered World Health Organization and other groups causing research into the use of the drug to combat COVID-19 to stop.

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Let the games ….. continue.

Moderate Republicans Push Back On Biden’s Economic Plan (NBC)

Key moderate Republicans in the Senate dismissed quick action on President Joe Biden’s top priority of a $1.9 trillion economic package, indicating that the $1,400 stimulus payments he requested could take months, or never arrive. Democrats need to convince 10 Republicans in the Senate, which might require asking for less funding than Biden initially requested, or bypassing the 60-vote threshold utilizing a parliamentarian maneuver. Biden’s team appears ready to mount an aggressive campaign to get Congress to act, a departure from the previous administration that largely failed to engage lawmakers on legislative priorities and did not spend political capital on getting bills passed.

Republicans who would be critical to get to the finish line said they’re open to additional money to speed up distribution of the Covid-19 vaccine, but balked at Biden’s overall price tag. Some called on Biden to pare back the plan while others suggested waiting a few months to see if the economic need persists. Sen. Susan Collins, R-Maine, one of the most moderate Republicans, said she’s “sympathetic” to boosting vaccine funds but doesn’t see the justification for a bill “that is so big.” “It’s hard for me to see when we just passed $900 billion of assistance why we would have a package that big,” Collins told reporters Thursday. “Maybe a couple of months from now, the needs will be evident and we will need to do something significant, but I’m not seeing it right now.”


Sen. Lisa Murkowski, R-Alaska, called Biden’s request “significant,” adding that “the ink is barely dry on the $900 billion” bill. “And so it’s going to require, I think, a fair amount of debate and consideration,” she told reporters. Sen. Mitt Romney R-Utah, a conservative who has a track record of breaking with his party, told NBC News that he isn’t inclined to borrow another $1 trillion or even $500 billion for a broad economic package. “My own view is that what’s holding back the economy is Covid, not money,” he said. “I want to do everything we can to get the Covid vaccines out. But once the Covid vaccine is out and people are inoculated, I believe you’ll see the economy coming back.”

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Stretching the law.

Rand Paul Says Chief Justice Roberts Won’t Take Trump Impeach Trial (NYP)

As Democrats plunge ahead with a post-term impeachment trial of President Donald Trump, a key question remains: Will Chief Justice Roberts take the case? Republican Sen. Rand Paul of Kentucky says he won’t — making the exercise “a fake, partisan impeachment,” the lawmaker told Fox News’ Sean Hannity Friday. Paul claimed Roberts has “privately said he’s not supposed to come unless it’s an impeachment of the president.” According to the US Constitution, “when the President of the United States is tried, the Chief Justice shall preside” — a requirement not made for any other impeachment case. As lawmakers debated the legitimacy of impeachment, the Biden administration continued to keep its distance from the issue.

“Congress is going to do what Congress does,” Ashley Etienne, Vice President Kamala Harris’ communications director, told MSNBC Saturday. One thing Trump enemies in Congress appear to be doing is grasping at straws — even reaching back to a post-Civil War amendment. Several Dems have floated the idea of punishing Trump with the 14th Amendment’s rule that shuts those who “engaged in insurrection or rebellion” out of elective office. “I certainly think there is a 14th Amendment avenue separate and aside from impeachment,” Connecticut Sen. Chris Murphy told The Hill.

But the stricture, which was written to prevent former Confederate loyalists from regaining power as the United States struggled through Reconstruction, has not been used since — and would spark a long judicial battle if Congress attempted to invoke it, legal experts say. Meanwhile, with Trump no longer in the White House, Republicans like Paul continued to deride the impeachment as “an illegitimate procedure.” Roberts, who has not said publicly whether he will preside over the trial, has two more weeks to decide. After the House of Representatives’ impeachment managers on Monday read their articles of impeachment accusing Trump of inciting the deadly Jan. 6 riot, the Senate will delay the trial until the week of Feb. 8 so that President Biden can get his administration up and running, Majority Leader Chuck Schumer announced Friday.


If Trump is convicted with a two-thirds majority of the Senate, Schumer could call for a second vote, this one requiring only a simple majority, barring him from holding elective office again. But conviction will require the votes of at least 17 Senate Republicans — an increasingly remote possibility, as more party members climb aboard Paul’s argument that only a sitting president can be impeached. “It’s going to be tough to get even a handful” of GOP defectors, Sen. Mike Braun (R-Ind.) told CNN — because “everybody has views that it’s kind of a constitutional concern.”

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The Seattle Times never mentions the term Antifa. It’s just an idea.

Seattle Police and City Attorney Take Hardline Stance Against Antifa (PM)

As Antifa militants take to Seattle’s streets on a near-daily basis following the inauguration of President Joe Biden, the city’s police and Seattle City Attorney Pete Holmes are responding with a promise to bring the hammer down on violent protesters. In an announcement on Saturday, the city’s interim police Chief Adrian Diaz announced that his department is coordinating with the city attorney to enact a strict new policy to arrest and prosecute protesters who destroy property during street demonstrations. Diaz said that the new enforcement policy will take effect this Saturday, when a demonstration has been planned for Occidental Square. Prosecutions will increase under the new order.

In his speech, Seattle’s top cop said that he has wanted to crack down on the violent militants for months, and that its becoming clear following Biden’s inauguration that their protests have no real cause. “They’re focused on breaking windows, and these are things we need to work on,” he said, reported Seattle Times. A spokesperson for the police said that suspects in low-level crimes were not even booked into jail last year due to coronavirus concerns, and that the policy of not booking those who commit misdemeanors is unlikely to change. However, individuals released on bail who are re-arrested will likely be prosecuted now. Diaz said that police will take a hardline approach to repeat offenders.


“We will be prosecuting these crimes from now on,” he said. “When we don’t have any form of accountability for people — and many of them are coming from outside the city — they will continue to do that activity, and we can’t have that.” In addition to the prosecutions, police will be deploying in extra numbers starting Saturday and will coordinate law enforcement efforts with the Washington State Patrol and federal agents to prevent protesters from entering freeways and federal buildings. “We would like to protect buildings from being vandalized in the first place, and don’t want to cause undue conflict. It’s safer for protesters and officers to not be drawing that line, so to speak,” said Diaz. Earlier this week, Antifa rioters vandalized and looted the historic Starbucks, a Democratic Party office, and numerous local businesses in protest of the newly inaugurated president.

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How much more stimulus do we need to keep making them richer? It will stop somewhere.

Bezos, Zuckerberg $18 Billion Richer In Biden’s First Days In Office (F.)

The world’s richest person, Jeff Bezos, had a very good week. The Amazon CEO got $10 billion richer, bringing his net worth to $191.5 billion. He’s got an $8.3 billion lead over Tesla CEO Elon Musk (net worth: $183.2 billion), who briefly claimed the top spot this month before falling back to second place. Even better for Bezos? His boost this week comes in part thanks to the departure of Donald Trump, a constant critic of Amazon and the Bezos-owned Washington Post. President Joe Biden was inaugurated on Wednesday, sending tech stocks soaring on optimism over his administration’s Covid-19 vaccine and stimulus plans.


Amazon ended the week up 6.1%, Facebook gained 9.2% and Google parent Alphabet rose 9.5%, beating the S&P and Dow Jones Industrial Average’s weekly gains of 2% and 0.5%, respectively. On Inauguration Day, Amazon executive Dave Clark sent a letter to Biden offering Amazon’s resources to help distribute the vaccine. “We are prepared to leverage our operations, information technology, and communications capabilities and expertise to assist your administration’s vaccination effort,” he wrote. Clark also took the opportunity to advocate prioritizing vaccinating Amazon’s 800,000 employees, most of whom are essential frontline workers.

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Ha ha ha.

Jeff Bezos, Amazon Refuting Mail-in Votes For Unionization (Outkick)

Jeff Bezos — a strong Democratic supporter — and Amazon are aiming to postpone a unionization vote at one of its warehouses in Alabama, the Wall Street Journal reports. Interestingly, Amazon has requested that the National Labor Relations Board reconsider allowing mail-in voting, claiming that the mail-in voting process has “serious and systemic flaws.” Got that? Bezos and Amazon are doing all they can to prevent any shady activity when workers cast their ballots for unionization, and they are particularly concerned about the integrity of mail-in ballots. You are likely trying to figure out how that adds up, right? The Washington Post, owned by Bezos, called any claims of mail-in voter fraud by Donald Trump and his supporters dangerous and inexcusable.

Amazon even banned Parler from its servers, in part to ensure no one could claim voter fraud occurred from mail-in ballots back in November. But stop trying to make it make sense. It is not supposed to add up. In this case, mail-in voting is disadvantageous for Bezos and his e-commerce behemoth. Therefore, they now consider mail-in voting seriously flawed. An Amazon spokesperson tells CNN the company is seeking a “valid, fair and successful election” and suggests that only in-person voting can ensure that. Hmm, interesting perspective. Amazon has, thus far, fended off unions in the United States. If a majority of ballots vote in favor of unionization, hourly Amazon workers would send an L right up to Bezos’ office.


Bamazonunion.com explains that a union at Amazon would “give us the right to collectively bargain over our working conditions including items such as safety standards, training, breaks, pay, benefits, and other important issues that would make our workplace better.” The NLRB says, “A mail ballot election will enfranchise employees who cannot enter the voting location for health reasons or due to positive COVID tests.” Fearing an unfavorable outcome, however, Amazon now insists that current COVID outbreaks aren’t dangerous enough to warrant this NLRB decision.

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In a train in a tunnel with COVID. No thanks.

Eurostar Near Collapse, Asks for Bailout, Becomes Hot Potato (WS)

Eurostar, the company that operates the cross-Channel train service that connects the UK with France, Belgium and the Netherlands, is on the brink of collapse, the company’s management warned this week. With passenger numbers down 95% in the final quarter of 2020 and revenues down over 80% over the course of 2020, it is now “on a drip” and in desperate need of extra cash, says Christophe Fanichet, a senior executive of France’s state SNCF railways, which is the majority shareholder of Eurostar. “I’m very worried about Eurostar. The company is in a critical state, I’d even say very critical,” he said.

In 2019, Eurostar shuttled 11 million passengers — including many businessmen and women — from London St Pancras to Paris, Brussels, and Amsterdam. While generally more expensive than budget air fares, it is quicker, more comfortable, and drops off passengers in the center of their chosen city of destination. But like the airlines, its whole business model has been upended by the virus crisis. At present, the company is operating only two services a day, a far cry from the two trains an hour it used to operate during peak times before the pandemic. And most of those trains are less than a quarter full. More than 90% of its workers have been furloughed.

It’s a similar story across Europe’s railway sector. Passenger numbers have plunged between 70%-90% as lockdowns, social-distancing rules, and concerns about the risks of using public transport have taken their toll. The industry is estimated to have racked up losses of €22 billion in 2020, according to CER, a Brussels-based commerce group representing passenger and freight prepare operators. That’s similar to the total losses accrued so far by Europe’s airlines. Thousands of workers are on government-subsidized furloughs. “It’s a totally extraordinary situation,” said Libor Lochman, CER’s executive director. “There is no comparison for it, and it can and will lead to the bankruptcy of a number of companies, unless there is the political will to prevent it”.


Just as happened last Spring, travel restrictions are tightening across Europe and borders are closing as countries try to counter the spread of new strains of the Covid-19 virus. France announced on Thursday that visitors from the UK, which is no longer part of the EU, will need to observe a seven-day quarantine and undertake a PCR test on their arrival. The UK already has a quarantine system in place for travelers from the EU. These latest travel restrictions have compounded Eurostar’s woes. It could run out of money by April, according to industry sources. To stave off that fate, the company is asking for government support of the kind already doled out to many airlines. Eurostar has already tapped shareholders for €200 million and is apparently loath to do so again, particularly given the recent tightening of travel restrictions.

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Monsanto.

Indian Farmers on the Frontline Against Global Capitalism (OffG)

In the above short video on the empirediaries.com YouTube channel, a protesting farmer camped near Delhi says that during lockdown and times of crisis farmers are treated like “gods”, but when they ask for their rights, they are smeared and labelled as “terrorists”. He, along with thousands of other farmers, are mobilising against three important pieces of farm legislation that were recently forced through parliament. To all intents and purposes, these laws sound a neoliberal death knell for most of India’s cultivators and its small farms, the backbone of the nation’s food production. The farmer says: “Corporates invested in Modi before the election and brought him to power. He has sold out and is an agent of Ambani and Adani. He is unable to repeal the bills because his owners will scold him. He is trapped. But we are not backing down either.”

He then asks whether ministers know how many seeds are needed to grow wheat on an acre of land: “We farmers know. They made these farm laws sitting in air-conditioned rooms. And they are teaching us the benefits!” While the corporations that will move in on the sector due to the legislation will initially pay good money for crops, once the public sector markets (mandis) are gone, the farmer says they will become the only buyers and will beat prices down. He asks why, in other sectors, do sellers get to put price tags on their products but not farmers: “Why can’t farmers put minimum prices on the crops we produce? A law must be brought to guarantee MSP [minimum support prices]. Whoever buys below MSP must be punished by law.”

The recent agriculture legislation represents the final pieces of a 30-year-old plan which will benefit a handful of billionaires in the US and in India. It means the livelihoods of hundreds of millions (the majority of the population) who still (directly or indirectly) rely on agriculture for a living are to be sacrificed at the behest of these elite interests. Consider that much of the UK’s wealth came from sucking $45 trillion from India alone according to renowned economist Utsa Patnaik. Britain grew rich by underdeveloping India. What amount to little more than modern-day East India-type corporations are now in the process of helping themselves to the country’s most valuable asset – agriculture.


According to the World Bank’s lending report, based on data compiled up to 2015, India was easily the largest recipient of its loans in the history of the institution. The World Bank thus exerts a certain hold over India: on the back of India’s foreign exchange crisis in the 1990s, the IMF and World Bank wanted India to shift hundreds of millions out of agriculture. In return for up to more than $120 billion in loans at the time, India was directed to dismantle its state-owned seed supply system, reduce subsidies, run down public agriculture institutions and offer incentives for the growing of cash crops to earn foreign exchange. The plan involves shifting at least 400 million from the countryside into cities.

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Jan 172021
 


Salvador Dalí Cadaques 1923

 

Further Year Of Covid Curbs Needed – Irish Official (IT)
55 Americans Died Following COVID Vaccination, Norway Deaths Rise To 29 (ZH)
Second COVID Variant From Brazil ‘Likely’ Already In The UK (Sky)
UK Children’s Welfare Becoming A National Emergency (G.)
A Year Of Lockdowns Can’t Take The Shine Off Goldmans Sachs Profits (G.)
Trump Trial Pending, McConnell Calls It ‘Vote Of Conscience’ (AP)
Should Donald Trump Skip Out On The Senate Impeachment Trial? (Turley)
Biden Fills Out State Department Team With Obama Veterans (AP)
Silicon Valley Can No Longer Conceal Its Power (Ferguson)
Massive Inflation in Shipping Costs. And the Reasons (WS)
FBI, State Officials Aware Early Of Major Steele Mistake, Ignored It (JTN)
Democrats Still Serve Militarism And Corporatism – Glenn Greenwald (RT)

 

 

If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people.
– Confucius

 

 

 

 

No efforts to prevent infection, other than lockdowns and masks. But an entire year of it. Based on the illusion that mass mRNA vaccination can achieve herd immunity.

The “science” has stood still for a year.

Further Year Of Covid Curbs Needed – Irish Official (IT)

Another year of restrictions related to Covid-19 would be necessary before the number of people vaccinated would be sufficient to protect the public in general from the disease, a top health official has said. Meanwhile, close to 6,500 HSE staff are currently out sick with Covid-19, the HSE chief Paul Reid has stated. Dr Colm Henry, chief clinical officer at the HSE, said in radio comments that social distancing and restrictions in some form were likely for the rest of 2021 at least, until enough of the population could be vaccinated to grant general or herd immunity. “The answer, and not everyone likes it but it’s the truth… is that the public in general won’t have protection from Covid-19 for at least a year… In the meantime, it’s more important than ever to abide by the public health guidance so that we can stop the spread of the virus,” he told Máirín Ní Ghadhra on Raidió na Gaeltachta.


“We’re in the middle of the main wave now… and we can see the damage that has been wrought. The vaccine is coming, and we’ll come out of this if we can stick to the public health guidelines until everyone has been vaccinated.” Meanwhile, HSE chief executive Paul Reid said the hospital system is “completely tightening up” and has “formally gone into surge capacity”. The national critical care surge group had been mobilised and close to 6,500 HSE staff are currently out sick with Covid-19, with about 4,000 of those having been working in hospitals, he said.

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Not from the Pfizer PR squad.

55 Americans Died Following COVID Vaccination, Norway Deaths Rise To 29 (ZH)

Amid increasing calls for suspension of the use of mRNA-based COVID-19 vaccines produced by companies such as Pfizer, especially among elderly people, the situation in Norway has escalated significantly as the Scandi nation has now registered a total of 29 deaths among people over the age of 75 who’ve had their first COVID-19 vaccination shot. As Bloomberg reports, this adds six to the number of known fatalities in Norway, and also lowers the age group thought to be affected from 80. “Until Friday, Pfizer/BioNTech was the only vaccine available in Norway, and “all deaths are thus linked to this vaccine,” the Norwegian Medicines Agency said in a written response to Bloomberg on Saturday. “There are 13 deaths that have been assessed, and we are aware of another 16 deaths that are currently being assessed,” the agency said. All the reported deaths related to “elderly people with serious basic disorders,” it said.

[..] Norway’s experience has prompted the country to suggest that Covid-19 vaccines may be too risky for the very old and terminally ill… the exact group that ‘the science’ shows are actually at risk from this virus. Pfizer and BioNTech are working with the Norwegian regulator to investigate the deaths in Norway, Pfizer said in an e-mailed statement. The agency found that “the number of incidents so far is not alarming, and in line with expectations,” Pfizer said. However, it’s not just Norway as The Epoch Times’ Zachary Stieber reports that fifty-five people in the United States have died after receiving a COVID-19 vaccine, according to reports submitted to a federal system. Deaths have occurred among people receiving both the Moderna and the Pfizer-BioNTech vaccines, according to the reports. In some cases, patients died within days of receiving a COVID-19 vaccine.

“One man, a 66-year-old senior home resident in Colorado, was sleepy and stayed in bed a day after getting Moderna’s vaccine. Early the next morning, on Christmas Day, the resident “was observed in bed lying still, pale, eyes half open and foam coming from mouth and unresponsive,” the VAERS report states. “He was not breathing and with no pulse.” In another case, a 93-year-old South Dakota man was injected with the Pfizer-BioNTech vaccine on Jan. 4 around 11 a.m. About two hours later, he said he was tired and couldn’t continue with the physical therapy he was doing any longer. He was taken back to his room, where he said his legs felt heavy. Soon after, he stopped breathing. A nurse declared a do-not-resuscitate order.

In addition to the deaths, people have reported 96 life-threatening events following COVID-19 vaccinations, as well as 24 permanent disabilities, 225 hospitalizations, and 1,388 emergency room visits. It’s not just the old and frail, in Israel, which proudly lays claim to the greatest vaccination effort in the world (largest percentage of the population inoculated), As RT reports, at least 13 Israelis have experienced facial paralysis after being administered the Pfizer Covid-19 vaccine, a month after the US Food and Drug Administration reported similar issues but said they weren’t linked to the jab. Israeli outlet Ynet reported, citing the Health Ministry, that officials believe the number of such cases could be higher.

“For at least 28 hours I walked around with it [facial paralysis],” one person who had the side effect told Ynet. “I can’t say it was completely gone afterwards, but other than that I had no other pains, except a minor pain where the injection was, but there was nothing beyond that.” Ynet quoted Prof. Galia Rahav, director of the Infectious Diseases Unit at Sheba Medical Center, who said she did not feel “comfortable” with administering the second dose to someone who had received the first jab and subsequently suffered from paralysis. “No one knows if this is connected to the vaccine or not. That’s why I would refrain from giving a second dose to someone who suffered from paralysis after the first dose,” she told the outlet.

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Ever more variants popping up.

Second COVID Variant From Brazil ‘Likely’ Already In The UK (Sky)

The second of two new coronavirus variants from Brazil is likely to already be in the UK despite the government imposing a travel ban, a leading epidemiologist has warned. Eight cases of the first variant, which has a small number of mutations, have been identified in the UK. The second, which has been detected in the Brazilian city of Manaus and in travellers arriving in Japan, has not been detected in the UK so far. There are concerns that this variant could be more transmissible and reinfect those who have recovered from COVID, although such possibilities remain unproven. Professor John Edmunds has said he would it “unusual” if the second variant was not present here.

Professor Edmunds, a member of the government’s Scientific Advisory Group for Emergencies (SAGE), told BBC Radio 4’s Today programme: “In terms of the South African one, we had imported cases already by the time we put in additional restrictions for South African travellers. “For the Brazilian one… I don’t think there is evidence that we’ve imported cases of the Manaus strain, as far as I’m aware at least, but it is likely that we probably have quite honestly. “We are one of the most connected countries in the world so I would find it unusual if we hadn’t imported some cases into the UK.” The government banned flights from South America, Portugal and Cape Verde on Thursday after the emergence of the new variants, having previously banned travel from South Africa because of a new coronavirus mutation.

In addition, all quarantine-free travel into the UK will be suspended on Monday in a bid to keep out other variants. The new policy means arrivals from every destination will need to self-isolate for 10 days, or receive a negative result from a coronavirus test taken at least five days after they enter the UK. Labour accused the government of “closing the door after the horse has bolted”, saying the announcement was too late to have stopped the arrival of “worrying” strains.

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Mental health.

UK Children’s Welfare Becoming A National Emergency (G.)

Boris Johnson is facing demands from doctors, senior politicians and charities for a wide-ranging commission to examine the pandemic’s “devastating effect” on children, amid growing concerns about its impact on their education, development and mental health. A major coalition of child health experts warns that many families are being “swept into poverty” by the pandemic, which is set to significantly add to the 4 million children living in deprivation before the Covid crisis. In a letter to the Observer, they also warn of a “yawning gap” in attainment between rich and poor due to school closures, while the number of children facing mental health issues and distress will rise “with every day that lockdown keeps them isolated and uncertain about their futures”.

“Children’s welfare has become a national emergency,” says the letter, whose signatories include the Royal College of Paediatrics and Child Health, the National Children’s Bureau and some of the country’s leading child health academics. “An independent commission, to inform a cross-government strategy to steer children and young people clear from the lingering effects of Covid-19, could avert this deepening crisis. At present we have piecemeal solutions and stop-gap measures. The next generation deserves better.” It warns that the challenges have been made harder by a decade of cuts to services families rely on. Some 1.5 million children under 18 will either need new or additional mental health support as a result of the pandemic.

A third of those are new cases, according to the Centre for Mental Health. Lee Hudson, a consultant paediatrician and chief of mental health at Great Ormond Street hospital, said: “We know from the data that children and young people’s mental health has been deteriorating in this pandemic. Clinicians are seeing the effects of that every day: for example, the numbers of children presenting with eating disorders have dramatically increased. For children living in poverty, the risks are even greater. We’ve never needed a long-term strategy for child mental health more.”

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Remember the $10 trillion stimulus in a $21 trillion economy.

A Year Of Lockdowns Can’t Take The Shine Off Goldmans Sachs Profits (G.)

What is $900m to a Wall Street giant like Goldman Sachs? Relatively little, when it counts the drop in profits for a year of record-setting market swings and economic turmoil, all sparked by a pandemic. The firm should regard itself as lucky to be poised for profits of about $7bn (£5bn) for the whole of 2020. That average analyst forecast, compiled by Refinitiv, is a mere 11% drop from the $7.9bn it made in 2019, a year when the phrase “Covid lockdown” had never been uttered. The projected decline is smaller than the $2.8bn it put aside to cover a potential jump in defaults within the first nine months of the year alone, a number estimates suggest could rise to $3.1bn for the 12 months to December.


Those provisions pale in comparison with those of European peers such as HSBC, which already put by $7.6bn to cover Covid-linked loan losses by the third quarter. The bank’s results will emerge unscathed from the $2.9bn settlement it reached in October with global regulators and the US Department of Justice, over its alleged role in the 1MDB corruption scandal. The announcement came just months after Goldman agreed to pay $3.9bn to the Malaysian government, amid claims it allegedly turned a blind eye while $4.5bn was looted from the country’s sovereign wealth fund. Goldman bosses, including chairman and chief executive David Solomon, will feel the pinch of a $31m cut to their combined 2020 pay over the scandal, but hefty provisions previously put aside for the 1MDB case will largely cover the settlements.

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The GOP is tempted to turn on Trump. Opportunism pur sang.

Trump Trial Pending, McConnell Calls It ‘Vote Of Conscience’ (AP)

President Donald Trump’s impeachment trial is likely to start after Joe Biden’s inauguration, and the Republican leader, Mitch McConnell, is telling senators their decision on whether to convict the outgoing president over the Capitol riot will be a “vote of conscience.” The timing for the trial, the first of a president no longer in office, has not yet been set. But House Speaker Nancy Pelosi made it clear Friday that Democrats intend to move swiftly on Biden’s $1.9 trillion COVID aid and economic recovery package to speed up vaccinations and send Americans relief. Biden is set to take the oath of office Wednesday. Pelosi called the recovery package a “matter of complete urgency.”

The uncertainty of the scheduling, despite the House’s swift impeachment of Trump just a week after the deadly Jan. 6 siege, reflects the fact that Democrats do not want the Senate trial to dominate the opening days of the Biden administration. With security forces on alert over the threat of more potential violence heading into the inauguration, the Senate is also moving quickly to prepare for confirming Biden’s nominee for national intelligence director, Avril Haines. A committee hearing is set for the day before the inauguration, signaling a confirmation vote could come swiftly once the new president is in office.

Many Democrats have pushed for an immediate impeachment trial to hold Trump accountable and prevent him from holding future office, and the proceedings could still begin by Inauguration Day. But others have urged a slower pace as the Senate considers Biden’s Cabinet nominees and the newly Democratic-led Congress considers priorities like the coronavirus plan. Biden’s incoming White House press secretary, Jen Psaki, said Friday the Senate can do both. “The Senate can do its constitutional duty while continuing to conduct the business of the people,” she said. Psaki noted that during Trump’s first impeachment trial last year, the Senate continued to hold hearings each day. “There is some precedent,” she said.

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“It was a reckless speech — but, in a court of law, it would constitute protected speech.”

Should Donald Trump Skip Out On The Senate Impeachment Trial? (Turley)

In a matter of days, this country will face an unprecedented Senate trial. The Senate not only will try a president for a second time but will do so after he has left office. Vice President-elect Kamala Harris assures us the Senate can politically “multitask” to deal with an impeachment, an incoming Biden administration and a pandemic. However, the threshold question is whether this is constitutionally one of those tasks — and for soon-to-be citizen Donald Trump, the best defense may be no defense at all. In fairness, people on both sides are struggling to deal with this novel impeachment. While I have stated that I do not wish to serve as the president’s counsel, I have spoken to members of Congress and the White House on the historical and constitutional backgrounds for a trial.

From a purely strategic perspective, I believe Trump may be wise to skip any trial. For a notorious counterpuncher, avoiding a fight might be the most difficult decision of all, particularly because he has obvious defenses. First, he was denied due process when the House held an unprecedented “snap impeachment” without a hearing or inquiry even though a trial likely would not occur immediately. Even a one-day hearing would have allowed evidence to be discussed as well as a formal request for a response. Second, the impeachment article is poorly crafted and poorly conceived, built around assertions that Trump’s Jan. 6 speech to supporters was an “incitement to insurrection.” His speech raised potentially impeachable grounds; I condemned it as he gave it and opposed his challenge of electoral votes from the outset.

But as I wrote previously, it would have been far better to censure him for it in a bipartisan, bicameral resolution. While impeachment can be based on noncriminal grounds, Trump’s speech alone did not amount to criminal incitement. Absent direct evidence of intent, a criminal charge would likely collapse in an actual trial or on appeal on First Amendment grounds. Trump expressly called for his supporters “to peacefully and patriotically make your voices heard.” He told them to go to the Capitol “to cheer on our brave senators and congressmen and women,” to “fight like hell” to challenge the election, and to remind unsupportive Republicans that their actions would not be forgotten. It was a reckless speech — but, in a court of law, it would constitute protected speech.

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Globalism wins.

Biden Fills Out State Department Team With Obama Veterans (AP)

President-elect Joe Biden on Saturday filled out his State Department team with a group of former career diplomats and veterans of the Obama administration, signaling his desire to return to a more traditional foreign policy after four years of uncertainty and unpredictability under President Donald Trump. Biden will nominate Wendy Sherman as deputy secretary of state and Victoria Nuland as undersecretary of state for political affairs — the second- and third-highest ranking posts, respectively. They were among the 11 officials announced to serve under the incoming secretary of state, Antony Blinken. The team “embodies my core belief that America is strongest when it works with our allies,” Biden said in a statement. He said he was confident “they will use their diplomatic experience and skill to restore America’s global and moral leadership. America is back.”


Among the others are: —longtime Biden Senate aide Brian McKeon, to be deputy secretary of state for management. That deputy position has been vacant for some time and McKeon and Sherman are expected to share duties as the department’s No. 3 official. —former senior diplomats Bonnie Jenkins and Uzra Zeya, to be under secretary of state for arms control and undersecretary of state of democracy and human rights, respectively. —Derek Chollet, a familiar Democratic foreign policy hand, to be State Department counselor. —former U.N. official Salman Ahmed, who also served as head of strategic planning in the Obama National Security Council, as director of policy planning. —Suzy George, who was a senior aide to former Secretary of State Madeleine Albright, will be Blinken’s chief of staff. —Ned Price, a former Obama NSC staffer and career CIA official who resigned in protest in the early days of the Trump administration, will serve as the public face of the department, taking on the role of spokesman.

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I’m not a fan of Niall Ferguson at all, but the topic demands attention.

Silicon Valley Can No Longer Conceal Its Power (Ferguson)

‘To see what is in front of one’s nose needs a constant struggle,’ George Orwell famously observed. He was talking not about everyday life but about politics, where it is ‘quite easy for the part to be greater than the whole or for two objects to be in the same place simultaneously’. The examples he gave in his 1946 essay included the paradox that ‘for years before the war, nearly all enlightened people were in favour of standing up to Germany: the majority of them were also against having enough armaments to make such a stand effective’. Last week provided a near-perfect analogy. For years before the 2020 election, nearly all American conservatives were in favour of standing up to big tech: the majority of them were also against changing the laws and regulations enough to make such a stand effective.

The difference is that, unlike the German threat, which was geographically remote, the threat from Silicon Valley was literally in front of our noses, day and night: on our mobile phones, our tablets and our laptops. Writing in this magazine more than three years ago, I warned of a coming collision between Donald Trump and Silicon Valley. ‘Social media helped Donald Trump take the White House,’ I wrote. ‘Silicon Valley won’t let it happen again.’ The conclusion of my book The Square and the Tower was that the new online network platforms represented a new kind of power that posed a fundamental challenge to the traditional hierarchical power of the state. By the network platforms, I mean Facebook, Amazon, Twitter, Google and Apple, or FATGA for short — companies that have established a dominance over the public sphere not seen since the heyday of the pre-Reformation Catholic Church.

FATGA had humble enough origins in garages and dorm rooms. As recently as 2008, not one of them could be found among the world’s largest companies by market capitalisation. Today, they occupy first, third, fourth and fifth places in the market cap league table, just above their Chinese counterparts, Tencent and Alibaba. What happened was that the network platforms turned the originally decentralised worldwide web into an oligarchically organised and hierarchical public sphere from which they made money and to which they controlled access. That the original, superficially libertarian inclinations of these companies’ founders would rapidly crumble under political pressure from the left was also perfectly obvious, if one bothered to look a little beyond one’s proboscis.

Following the violent far-right rally at Charlottesville in August 2017, Matthew Prince, chief executive of the internet service provider Cloudflare, described how he had responded: ‘Literally, I woke up in a bad mood and decided someone shouldn’t be allowed on the internet.’ On the basis that ‘the people behind the [white supremacist magazine] Daily Stormer are assholes’, he denied their website access to the internet. ‘No one should have that power,’ he admitted. ‘We need to have a discussion around this with clear rules and clear frameworks. My whims and those of Jeff [Bezos] and Larry [Page] and … Mark [Zuckerberg] shouldn’t be what determines what should be online.’

How the news works

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No, sorry, that is not inflation.

Massive Inflation in Shipping Costs. And the Reasons (WS)

The dollar-amount spent by shippers, such as manufacturers or retailers, on shipping their goods jumped by 13% in December from a year earlier, driving the Cass Freight Index of Expenditures to a new record (red line). The amount spent on freight is a function of shipment volume and freight rates:

The Cass Freight Index covers shipments by all modes of transportation, but is heavily concentrated on shipments by truck, with truckload accounting for over half of the expenditures, followed by less-than-truckload (LTL), rail, parcel services, etc. It does not cover commodities. The freight rates embedded in the index jumped by 6.0% in December compared to a year earlier. “Based in part on spot trends, the acceleration in freight rates is likely to persist in the coming months,” Cass said in the report. Shipment volume surged 6.7% year-over-year, given the Pandemic shift in consumer spending to goods that need to be shipped, from services that are not shipped. But shipment volume in December (red line in the chart below) remained below the levels of 2018 (black) and 2017 (brown) at this time of the year:

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To understand why, look no further than who organized and paid for the Steele dossier.

FBI, State Officials Aware Early Of Major Steele Mistake, Ignored It (JTN)

Shortly before the FBI used his dossier to secure a surveillance warrant targeting the Trump campaign, Christopher Steele met with State Department officials and relayed information suggesting Moscow was running an operation out of the Russian consulate in Miami. There was just one problem with his intelligence: The Russians didn’t have a consulate in Florida’s largest city. The anecdote, captured in contemporaneous memos and newly released testimony, illustrates just how bad some of Steele’s intelligence reporting was and how widely that was known inside the FBI, even as the Foreign Intelligence Surveillance Court was being assured by the bureau that Steele was deemed credible and there was no derogatory information about his work.

Kenneth Laycock, the FBI’s current Executive Assistant Director, was a section chief for Eurasian intelligence in fall 2016 when Steele made a visit to Deputy Assistant Secretary of State Kathleen Kavalec at the State Department. During the October 2016 meeting, Steele admitted he was leaking to the news media while working as an FBI informant, a violation of his confidential human source agreement. (He later was terminated for it.) And he also relayed the anecdote about the Russian operation out of the Miami consulate, which officials immediately flagged as false, according to Kavalec’s own notes of the meeting. “It is important to note that there is no Russian Consulate in Miami,” Kavalec wrote.

Laycock said Kavalec relayed her concerns to the FBI and that others working on the now-discredited Russia collusion investigation codenamed Crossfire Hurricane were also aware of Steele’s mistake. “Do you recall — just trying to jog your memory here in case you do recall — Ms. Kavalec conveying information to you that Steele conveyed to her information about a Russian consulate being located in Miami and that was an inaccurate assessment on Steele’s part?” a Senate investigator asked Laycock in testimony taken last year but made public on Friday by the Senate Judiciary Committee, “I recall a conversation about a consulate in Miami independent of what she had mentioned regarding what Mr. Steele said to her,” Laycock answered.

He added: “It came up in some other discussion regarding if there was a consulate in Miami, which we both knew is not true because we know where all the consulates and embassies are around the country. That’s where I would handle normally in my purview as the section chief of the Eurasia program. So when it came up in a discussion, it was like, we don’t have a consulate in Miami.” He said FBI headquarters was aware of Steele’s mistaken claim outside of Kavalec’s report as well. “Yes, independent of the Mr. Steele piece in here, it came up through other discussions,” he testified.

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“The Democrats are very good at creating a brand that is radically different from their reality.”

Democrats Still Serve Militarism And Corporatism – Glenn Greenwald (RT)

Democrats are cheering for censorship as a means to root out “fascism,” even as they serve corporate interests that continue to exacerbate the social and economic issues that gave rise to Donald Trump, Glenn Greenwald told RT. The acclaimed American journalist issued a scathing critique of the American Left during a conversation with Chris Hedges, host of RT’s On Contact. The interview will air in full on Sunday. Pointing to Donald Trump’s indefinite Twitter suspension, Greenwald accused Democrats of appealing to Big Tech to police speech that could undermine their hold on power, using the pretext of fighting far-right extremism to quash dissent. “They’re on their knees pleading with billionaires and oligarchs and monopolists and Silicon Valley to censor in a way that they believe is politically advantageous.”

He added that the crackdown on free speech was particularly egregious because it was being carried out by a “tiny number of Silicon Valley oligarchs” who operate outside of the realm of democratic accountability. Greenwald argued that the profoundly illiberal cheerleading for corporate speech-policing should come as no surprise to anyone, noting that the Democratic Party is funded by and “believes in” corporate power, despite whatever claims it makes to the contrary. “The Democrats are very good at creating a brand that is radically different from their reality. But essentially the Democratic Party serves militarism, imperialism, and corporatism.”

There should also be no illusions about whether the incoming Biden administration will be able to mend the deep political divide in the country, the American journalist warned. He agreed with Hedges’ premise that Trump won the White House in 2016 by capitalizing on widespread frustration over Barack Obama, and his VP Joe Biden’s, ineffectual eight years in office.

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Jan 152021
 
 January 15, 2021  Posted by at 10:17 am Finance Tagged with: , , , , , , , , , ,  44 Responses »


Salvador Dalí Living still life 1956

 

Trump Declassifying Trove Of FBI Memos Exposing Steele’s Motivations (JTN)
Trump Declassifies ‘Foot-High’ Stack Of Russiagate, Obamagate Documents (ZH)
After Trump Bans, Facebook, Twitter See Combined $51 Billion In Losses (JTN)
Mexican President Mounts Campaign Against Social Media Bans (AP)
Poland Plans To Make Censoring Of Social Media Accounts Illegal (G.)
Google Refuses To Answer Questions About Removing Australian News Sites (G.)
Trump Impeached Amid Efforts to Silence Him (Lauria)
Impeachment Is More Dangerous Than Trump (Tracey)
Liberal Activist Arrested, Charged With Participating In Capitol Riot (JTN)
Biden’s Cabinet Picks Are A Missed Opportunity For Change (USAT)
Will the Senate Confirm Coup Plotter Victoria Nuland? (Benjamin)
ECB’s Lagarde Calls For Regulating Bitcoin’s “Funny Business” (R.)
Secret Service Barred From Using Ivanka Trump’s Bathrooms (G.)

 

 

I can’t unsee this picture. This is not the only one that has the same angle. The photographer knew what he was doing, and moved till he had it just right.

 

 

 

 

Special Russiagate Counsel needed.

Trump Declassifying Trove Of FBI Memos Exposing Steele’s Motivations (JTN)

Delivering in his final days on one of his last unfulfilled promises, President Trump is declassifying a massive trove of FBI documents showing the Russia collusion story was leaked in the final weeks of the 2016 election in an effort to counteract Hillary Clinton’s email scandal. The memos to be released as early as Friday include FBI interviews and human source evaluation reports for two of the main informants in the Russia case, former MI6 agent Christopher Steele and academic Stefan Halper. The president authorized the release of a foot-high stack of internal FBI and DOJ documents that detail significant flaws in the investigation and provide a detailed timeline of when the FBI first realized the Steele dossier was problematic, multiple government officials told Just the News.

Among the bombshell revelations is an admission by Steele that he violated his confidential human source agreement with the FBI and leaked information from his dossier to the news media in the final weeks of the election because he wanted to counteract new revelations in the Hillary Clinton email scandal that were hurting her election efforts. The former foreign intelligence officer made the confession in a fall 2017 interview with agents. Steele, who was hired by Clinton’s campaign law firm to compile anti-Trump dossiers attempting to link Trump to Russian influence, told agents he had two clients at the time — Clinton and the FBI — and chose the interests of the Democratic candidate over the bureau in leaking.

Steele told the bureau that then-FBI Director James Comey’s decision to reopen the Clinton email probe in fall 2016 triggered him to leak his dossier details in what he described as a taking-the-gloves-off moment. The FBI interview summary makes clear that Steele, a British citizen, was allegiant to Clinton, did not like Trump and believed a Trump presidency would be negative for his homeland and thus made a decision to meddle in the U.S. election by leaking information to the news media. The leaks, which led to Steele’s termination as an FBI informant, have been known for more than a year, but his motivation for leaking was hidden in the classified documents. His admission that the Russia collusion narrative, later debunked by Special Counsel Robert Mueller, was injected into the public as a means of counteracting Clinton’s email scandal corroborates other information obtained by the CIA.

The soon-to-be-released records also expose a tantalizing connection between Steele, his primary source and one of the Democrats’ key impeachment witnesses in the Ukraine scandal, former Trump National Security Council Russia expert Fiona Hill. Steele divulged to the FBI that he was introduced by Hill to his primary sub-source of information for his anti-Trump dossier and that he later told Hill that the source had provided information for his now infamous memos. [..] The documents also will settle a long-debated question in Washington about whether the FBI’s tactics amounted to spying on the Trump campaign. Tasking instructions the FBI gave to Halper, an academic who long worked as an FBI informant, make clear he was instructed to infiltrate the Trump campaign by posing as someone who wanted to work for the GOP nominee and then targeting campaign advisers to find out what they knew about Trump or his campaign’s ties to Russia.

Solomon

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“These are the things that the FBI has tried to keep from the public for 4 years.”

Trump Declassifies ‘Foot-High’ Stack Of Russiagate, Obamagate Documents (ZH)

President Trump has declassified and authorized the release of “more than a foot-high stack of documents” related to the Obama administration’s surveillance and espionage committed against the 2016 Trump campaign, as part of a larger campaign to discredit and undermine the incoming US president. According to journalist and Trump insider John Solomon, the documents would be released as soon as Friday, but no later than Monday. “He has delivered in a big way. More than a foot-high stack of documents he has authorized to be released by the FBI and the DOJ. These are the things that the FBI has tried to keep from the public for 4 years. They have amazing, big picture revelations,” Solomon told Fox News’ “Lou Dobbs Tonight.” According to Solomon’s website, Just The News, the release will support claims that the entire Russia narrative was created and leaked to the news media to upstage concerns over Hillary Clinton’s email scandal.

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Dorsey and Zuckerberg have hugely overestimated their powers. Their investors will be very unhappy.

After Trump Bans, Facebook, Twitter See Combined $51 Billion In Losses (JTN)

Facebook and Twitter have lost a combined $51 billion in market cap following their bans of President Donald Trump last week as investors balked at the tech giants’ surprise censorship of Trump roughly two weeks before his term was set to end. Facebook bore the overwhelming brunt of the market plunge, according to Business Insider, seeing gargantuan losses of $47.6 billion following CEO Mark Zuckerberg’s announcement that Trump would remain suspended from the social media platform “indefinitely,” until at least after President-elect Joe Biden’s inauguration.


Twitter, meanwhile, saw its market cap plunge by $3.5 billion after it permanently suspended Trump from its servers due to claims that the president was inciting violence among his supporters with his posts. In the week since the bans were announced, users have reportedly been flocking to alternative social media sites, ones that have touted a commitment to censorship-free services in contrast to the heavier hands of the mainstream social media platforms.

@jack Veritas

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People will contend this is just the Mexican president, and AP even tries to paint him off as a Trump sympathizer. But this is a global issue. Twitter and Facebook will soon be subject to strong regulations, or they will be banned from many countries.

“..the German leader found it “problematic” that corporate managers could deny someone access under rules not defined by law.”

Mexican President Mounts Campaign Against Social Media Bans (AP)

Mexico’s president vowed Thursday to lead an international effort to combat what he considers censorship by social media companies that have blocked or suspended the accounts of U.S. President Donald Trump. President Andrés Manuel López Obrador’s administration is reaching out to other government to form a common front on the issue. “I can tell you that at the first G20 meeting we have, I am going to make a proposal on this issue,” López Obrador said. “Yes, social media should not be used to incite violence and all that, but this cannot be used as a pretext to suspend freedom of expression.” “How can a company act as if it was all powerful, omnipotent, as a sort of Spanish Inquisition on what is expressed?” he asked. Foreign Relations Secretary Marcelo Ebrard said Mexico is starting to build an international campaign around the issue.


“Given that Mexico, through our president, has spoken out, we immediately made contact with others who think the same,” Ebrard said, noting they had heard from officials in France, Germany, the European Union, Africa, Latin America and Southeast Asia. “The president’s orders are to make contact with all of them, share this concern and work on coming up with a joint proposal,” Ebrard said. “We will see what is proposed.” German Chancellor Angela Merkel is among those who have publicly criticized the action against Trump. Her spokesman said Monday the German leader found it “problematic” that corporate managers could deny someone access under rules not defined by law. Poland’s prime minister, Mateusz Morawiecki, later called for new regulations that would govern the use of Facebook, Twitter and Instagram in the European Union.

Tucker @jack

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“Removing lawful content would directly violate the law, and this will have to be respected by the platforms that operate in Poland..”

Poland Plans To Make Censoring Of Social Media Accounts Illegal (G.)

Polish government officials have denounced the deactivation of Donald Trump’s social media accounts, and said a draft law being readied in Poland will make it illegal for tech companies to take similar actions there. “Algorithms or the owners of corporate giants should not decide which views are right and which are not,” wrote the prime minister, Mateusz Morawiecki, on Facebook earlier this week, without directly mentioning Trump. “There can be no consent to censorship.” Morawiecki indirectly compared social media companies taking decisions to remove accounts with Poland’s experience during the communist era. “Censorship of free speech, which is the domain of totalitarian and authoritarian regimes, is now returning in the form of a new, commercial mechanism to combat those who think differently,” he wrote.

Poland’s ruling Law and Justice (PiS) party, which is ideologically aligned with Trump on many issues, has itself been accused of trying to limit freedom of speech in recent years. Some of its members have made a habit of posting anti-LGBT or anti-refugee rhetoric. However, government officials have long claimed that people with rightwing views in Poland and abroad have been the victims of biased decisions by international tech companies. Sebastian Kaleta, secretary of state at Poland’s Ministry of Justice, said Facebook’s decision to remove Trump’s account was hypocritical, politically motivated and “amounts to censorship”. He said the draft law prepared by the justice ministry would make it illegal for social media companies to remove posts that did not break Polish law.

“Removing lawful content would directly violate the law, and this will have to be respected by the platforms that operate in Poland,” Kaleta told Rzeczpospolita newspaper. In recent years, Facebook has moved to block content from far-right Polish organisations and politicians on numerous occasions. The MP Janusz Korwin-Mikke, aligned with the Konfederacja party, was in November shut out of his account, which had 780,000 followers, for what Facebook called repeated violations of community standards. Korwin-Mikke accused Facebook of being run by “fascists and Bolsheviks”.

Under the provisions of the Polish draft law, users would be able to file a court petition to force social media companies to restore removed content if they believed it did not violate Polish law. The court would rule within seven days and the process would be fully electronic. Morawiecki called on the EU to introduce similar regulations. Other European politicians, including Germany’s Angela Merkel, have also expressed unease at the ban on Trump by various social media outlets, and a new EU proposal, the Digital Services Act, envisions tougher regulations on tech companies, including tough fines for failure to block illegal content.

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Just an experiment…

Google Refuses To Answer Questions About Removing Australian News Sites (G.)

Google has refused to answer questions on its secret trial of removing news sites from search results in Australia, with the treasurer, Josh Frydenberg, saying the company should focus on paying for news, not blocking it. Google blindsided news consumers and media outlets this week with a trial that removed Australian media outlets such as the ABC, Nine, the Guardian and others from its search results. Users were not informed of the change, or advised how to find news articles when searching, with some reporting they initially believed it was an issue only affecting them.


People affected by the trial can get around the block by searching in a private browser window, such as in incognito mode in Google Chrome. The move by Google came as a Senate committee is reviewing legislation that would force Google and Facebook to negotiate with Australian news media companies for a fair price for displaying local news content. Google has argued strongly against the code since it was first announced last year, by alerting users to the proposed changes in search and in Google Chrome.

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Joe Lauria goes through the law chapter by chapter. Excellent read.

Trump Impeached Amid Efforts to Silence Him (Lauria)

The Congressional Republicans who challenged the electoral college results last Wednesday are guilty of one transgression: wasting Congress’ time. There was no way the electoral college votes would be overturned. However those Republicans were completely within their rights to challenge the results and spur debate and a vote in both chambers. To suggest that that Constitutional right constituted incitement or support for the riot is extraordinary overreach. There have been Democratic calls for these Republicans to be unseated and even investigated for possible prosecution. During the impeachment debate on Wednesday, Democratic Congressman Jerrold Nadler said the rioters’ “accomplices in this House will be held to account.” Numerous corporate donors have said they will no longer contribute to these Republicans’ campaigns.

There is even wild speculation by some Democrats that some Republican members gave Capitol “reconnaissance” tours to the rioters the night before. The New York Times posted photos of all Republican members who challenged the electoral college votes as if they were on a wanted poster. Republican Congressman Jim Jordan in the impeachment debate pointed out that more Democrats in Congress objected to more states’ electoral college results in 2017’s certification than had Republicans last Wednesday. A Republican member responded that Hillary Clinton had conceded, unlike Trump, and that the objections were based on “Russian interference” in that election. He accused the Republicans, with a straight face, of engaging in “conspiracy theories” about a stolen 2020 election.

Such Democratic hypocrisy was underscored on 60 Minutes Sunday, when House Speaker Nancy Pelosi called Trump “deranged, unhinged, and dangerous.” But is he any more “deranged, unhinged, and dangerous” than Democrats who joined Republicans to vote in 2003 to invade and occupy a nation that posed no threat to the United States? How would one describe Pelosi’s response in 2019 when asked why she opposed impeaching George W. Bush for that invasion, a crime of “aggression,” the worst war crime according to the Nuremberg Tribunal? Because of that invasion Bush was still a far worse and more dangerous president than even Trump.

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“..the text of the impeachment article will now be permanently embedded in the fabric of American governance.”

Impeachment Is More Dangerous Than Trump (Tracey)

The most apt parallel for the second impeachment of Donald Trump may not be any other of the three previous presidential impeachments, including his own just over a year ago. It may instead be the PATRIOT Act, which was passed in the heated emotional aftermath of the September 11 attacks, with negligible debate afforded to the long-term implications of what Congress was enacting. Reason and deliberation had given way to a collective desire for security and revenge, and thus the most sweeping curtailment of civil liberties in the modern historical record was approved. Those who departed from the swiftly assembled consensus could expect to be denounced as sympathisers to terrorists.

Likewise, if you deign to raise concerns about the implications of this sudden impeachment sequel — or any of the other extraordinary actions taken in the past week, such as an ongoing corporate censorship purge of unprecedented proportions — you can expect to be accused of defending or supporting the “domestic terrorists” who carried out the mob attack on the Capitol. Nancy Pelosi, the Speaker of the House, rationalised rushing through Wednesday’s impeachment resolution at spell-binding speed — by far the fastest impeachment process ever — on the grounds that Trump posed a “clear and present danger” to the country, and needed to be removed immediately. “Imminent threats” of various stripes also have a long history of being cited to justify sweeping emergency action, such as the invasion of Iraq. Often upon further inspection, the purported “threat” turns out to have been not so “imminent”, or in fact to have never existed at all.

But as rushed as the impeachment was, if the purported emergency conditions were truly so dire as Pelosi maintained, she could have theoretically summoned the House to convene the day after the mob attack and impeach Trump right away. Congress convened the very next day after the attack on Pearl Harbor to declare war on Japan, for example. Instead, Pelosi waited a full week, and gave everyone the weekend off in the interim. Trump, alleged to be in the process of orchestrating a violent “coup”, was allowed to remain in office unimpeded with access to the nuclear codes for seven days. Nonetheless, with a total of two hours of perfunctory debate — and no hearings, fact-finding or meditation on the relevant Constitutional Law considerations — Trump was impeached for the second time. As such, the text of the impeachment article will now be permanently embedded in the fabric of American governance.

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Both sides say Jake Sullivan belongs to the other side.

Liberal Activist Arrested, Charged With Participating In Capitol Riot (JTN)

A progressive activist has been arrested and charged with participating in last week’s U.S. Capitol riot a week after he uploaded footage of the event to YouTube. Utah resident and anti-Trump activist John Sullivan told Just the News last week that he had been present at the riot, including inside the Capitol, “specifically [as] a journalist, just to record the events that were going down.” Yet FBI agent Matthew Foulger alleged in an affidavit on Wednesday that, rather than merely act as a journalist during the riots, Sullivan “knowingly and willfully joined a crowd of individuals who forcibly entered the U.S. Capitol and impeded, disrupted, and disturbed the orderly conduct of business by the United States House of Representatives and the United States Senate.”


Foulger in the affidavit said that footage taken by Sullivan at the riot shows the activist accompanying and cheering on the rioting crowd by saying things such as “Let’s go. This shit is ours!” and “Let’s burn this shit down.” Sullivan has been arrested and charged pursuant to the incident, Salt Lake City station Fox 13 reported on Thursday evening. The station said the activist has been charged with “rioting and criminal mischief.”

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The details are terrible, the language is terribly polite.

“Corporate nominees are insulting against the backdrop of complete economic destruction that Americans are grappling with in the pandemic.”

Biden’s Cabinet Picks Are A Missed Opportunity For Change (USAT)

As the 2020 Democratic primaries were heating up last year, then-candidate Joe Biden assured his wealthy campaign donors in Manhattan that “nothing would fundamentally change” for their luxurious standard of living under his presidency. Based on the majority of his Cabinet picks, he wasn’t kidding. Biden will maintain a cozy relationship with corporate America by lubricating the hinges of the ever revolving door of politics. Take Antony Blinken, Biden’s choice for secretary of State, as an example. In 2017, Blinken transitioned out of the Obama administration and founded a consulting firm called WestExec Advisors. The majority of its staffers — 21 out of 38 — personally donated to Biden’s campaign. WestExec co-founder Michele Flournoy alone raised more than $100,000 for the former vice president.

Was Blinken chosen for the job because he’s best suited, or is Biden trading favors based on campaign fundraisers and donations? Sure, Blinken and Biden have worked together in the past, and that could have factored into his decision. But aside from the transparent “favor for a favor” deal-making taking place in plain sight, Blinken’s opaque work at WestExec Advisors could be rife with conflicts of interest. The firm’s website boasts about selling influence to the White House by stating that its name “is derived from ‘West Executive Avenue,’ the closed street that runs between the West Wing of the White House and the Eisenhower Executive Office Building. It is, quite literally, the road to the Situation Room, and it is the road everyone associated with WestExec Advisors has crossed many times en route to meetings of the highest national security consequences.”

While it’s clear that this consulting firm’s services mostly revolve around helping corporate clients and defense contractors win favorable government treatment, little is known about its client list because its staffers aren’t considered lobbyists. They’re labeled strategic advisers, which means they don’t have to disclose whom they’re working for. As The Intercept noted, the Biden team is squandering an opportunity for reform by sticking to conventional nominees like Avril Haines for director of national intelligence. While serving in the CIA under the Obama administration, Haines was an architect of the disastrous drone program that killed hundreds of innocent civilians. Later, Haines worked as a consultant for WestExec Advisors and Palantir — a controversial data mining firm that has provided the Trump administration intel to perform mass deportations.

Janet Yellen, who has been tapped to serve as Treasury secretary, is another example. When Politico reported that Yellen made $7.2 million in the past two years for giving closed-door speeches to Wall Street firms, Biden supporters brushed it off as nothing more than a misogynistic attack. However, there should be an overwhelming consensus that Americans deserve to know about any lucrative ties politicians and government officials have to bankers and hedge funds.

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By now I think she may be out.

Will the Senate Confirm Coup Plotter Victoria Nuland? (Benjamin)

Who is Victoria Nuland? Most Americans have never heard of her because the U.S. corporate media’s foreign policy coverage is a wasteland. Most Americans have no idea that President-elect Biden’s pick for Deputy Secretary of State for Political Affairs is stuck in the quicksand of 1950s U.S.-Russia Cold War politics and dreams of continued NATO expansion, an arms race on steroids and further encirclement of Russia. Nor do they know that from 2003-2005, during the hostile U.S. military occupation of Iraq, Nuland was a foreign policy advisor to Dick Cheney, the Darth Vader of the Bush administration. You can bet, however, that the people of Ukraine have heard of neocon Nuland. Many have even heard the leaked four-minute audio of her saying “Fuck the EU” during a 2014 phone call with the U.S. Ambassador to Ukraine, Geoffrey Pyatt.

During the infamous call on which Nuland and Pyatt plotted to replace the elected Ukrainian President Victor Yanukovych, Nuland expressed her not-so-diplomatic disgust with the European Union for grooming former heavyweight boxer and austerity champ Vitali Klitschko instead of U.S. puppet and NATO booklicker Artseniy Yatseniuk to replace Russia-friendly Yanukovych. The “Fuck the EU” call went viral, as an embarrassed State Department, never denying the call’s authenticity, blamed the Russians for tapping the phone, much as the NSA has tapped the phones of European allies. Despite outrage from German Chancellor Angela Markel, no one fired Nuland, but her potty mouth upstaged the more serious story: the U.S. plot to overthrow Ukraine’s elected government and America’s responsibility for a civil war that has killed at least 13,000 people and left Ukraine the poorest country in Europe.

In the process, Nuland, her husband Robert Kagan, the co-founder of The Project for a New American Century, and their neocon cronies succeeded in sending U.S.-Russian relations into a dangerous downward spiral from which they have yet to recover. Nuland accomplished this from a relatively junior position as Assistant Secretary of State for European and Eurasian Affairs. How much more trouble could she stir up as the #3 official at Biden’s State Department? We’ll find out soon enough, if the Senate confirms her nomination.

Joe Biden should have learned from Obama’s mistakes that appointments like this matter. In his first term, Obama allowed his hawkish Secretary of State Hillary Clinton, Republican Secretary of Defense Robert Gates, and military and CIA leaders held over from the Bush administration to ensure that endless war trumped his message of hope and change. Obama, the Nobel Peace Prize winner, ended up presiding over indefinite detentions without charges or trials at Guantanamo Bay; an escalation of drone strikes that killed innocent civilians; a deepening of the U.S. occupation of Afghanistan; a self-reinforcing cycle of terrorism and counterterrorism; and disastrous new wars in Libya and Syria.

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Central banks will demand control.

ECB’s Lagarde Calls For Regulating Bitcoin’s “Funny Business” (R.)

European Central Bank President Christine Lagarde called on Wednesday for global regulation of Bitcoin, saying the digital currency had been used for money laundering activities in some instances and that any loopholes needed to be closed. Bitcoin has come out of its niche in recent years and is now bought by ordinary people, investment funds and even large corporations. Some have even taken out loans to buy more of the cryptocurrency, whose value has increased almost tenfold since last March. But its largely anonymous nature has raised concerns that it could be used for money laundering and other illegal activities.


“(Bitcoin) is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity,” Lagarde said in an interview at the Reuters Next conference. Lagarde did not provide specific examples of money laundering cases but said she understood there had been criminal investigations into illegal activity. She did not elaborate. The cryptocurrency sector is still mostly lightly overseen or unregulated, although global standards on areas such as anti-money laundering (AML) have emerged. She joined a number of regulators from across the world in calling for implementing global rules for cryptocurrencies.

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The WaPo tries more smear, but the story is 100% bogus, and they are forced to correct within hours. Meanwhile, it’s been gleefully quoted by a million outlets all over the globe.

This has been the MO for over 4 years now. Question: what can they do next? Turn on Biden? Where’s my clickbait?

Secret Service Barred From Using Ivanka Trump’s Bathrooms (G.)

The dying days of the Trump administration have been plagued by yet more scandal in the form of riots, Twitter bans and impeachment. Now the Washington Post has added another: water closet gate. In a multi-bylined article one of America’s top investigative news outlets has chronicled in leg-crossing detail the apparently extreme difficulty that the Secret Service detail assigned to Jared Kushner and Ivanka Trump have had in finding a place to go to the bathroom. According to the Washington Post the president’s daughter and her top White House adviser spouse have apparently exiled the squad of men and women assigned to keep them from harm’s way from using the toilets in their sprawling Washington DC mansion.

“Instructed not to use any of the half-dozen bathrooms inside the couple’s house, the Secret Service detail assigned to President Trump’s daughter and son-in-law spent months searching for a reliable restroom to use on the job,” the paper reported, citing neighbors and law enforcement official. It quoted one law enforcement official as saying: “It’s the first time I ever heard of a Secret Service detail having to go to these extremes to find a bathroom.” It added that Secret Service members in the couple’s detail who were desperate to relieve themselves had resorted to a porta-potty, as well as bathrooms at the homes of Barack Obama and Vice-President Mike Pence.

The solution to the problem was not a cheap one. Since September 2017, the paper reported, the federal government rented the stricken Secret Service members a basement studio with a bathroom for the purposes of them going to the loo. The cost to taxpayers? Some $3,000 a month. A White House spokesperson denied the couple restricted agents from their home. But the Post stuck by its investigative guns, saying: “That account is disputed by a law enforcement official familiar with the situation, who said the agents were kept out at the family’s request.” The Post’s story is unlikely to endear Washington citizens – or indeed many other Americans – to Ivanka Trump and her husband as they leave office after four high-profile years in Donald Trump’s administration.

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Jan 142021
 
 January 14, 2021  Posted by at 10:12 am Finance Tagged with: , , , , , , , , , , ,  44 Responses »


Jackson Pollock Male and female 1942

 

House Votes To Impeach Trump For ‘Insurrection’ (RT)
Twitter CEO Defends Banning Trump But Says It Was A “Dangerous” “Failure” (JTN)
Putin Orders Mass Vaccination Against COVID19 With Sputnik V Jab (RT)
Moderna CEO Says The World Will Have To Live With Covid ‘Forever’ (CNBC)
WHO Team Arrives In Wuhan To Investigate Pandemic Origins (AP)
Two NYC Residents Reported To Have UK COVID-19 Variant (AMNY)
EU Leaders Demand “Standardised” Vaccine Passport For Travel (SN)
Polarization, Then a Crash – Michael Hudson (AN)
Biden To Propose Massive $2 Trillion Stimulus (ZH)
Biden Taps Veteran Interventionist Samantha Power to Head USAID (Antiwar)
As Biden Vows To ‘Defeat The NRA,’ Gun Sales Continue To Soar (JTN)
Former Michigan Gov. Snyder Charged For Flint Water Crisis (JTN)
Unemployment Rate Above 20% For Lowest-Paid Workers – Fed’s Brainard (CNBC)
Cancel Yourself (Michael Krieger)
New Zealand City Closes Busy Road For Weeks To Protect Sea Lions (G.)

 

 

 

 

What would need to be proven in a courtroom, does not in Congress.

House Votes To Impeach Trump For ‘Insurrection’ (RT)

Arguing he incited an “armed rebellion” against the US, the Democrat-dominated House has voted to impeach President Donald Trump again. But with his term expiring in a week, it is unclear when the trial will proceed. After several hours of debate on Wednesday, the House of Representatives voted to formally impeach the president over the January 6 unrest at the US Capitol, when a group of Trump supporters broke into the building and interrupted the joint session of Congress meeting to certify Democrat Joe Biden as the winner of the 2020 US presidential election. It wasn’t immediately clear whether the Senate will reconvene on an emergency schedule to conduct the trial, however.

Reports in mainstream US media were conflicted, with some outlets citing anonymous sources to claim that Senate Majority Leader Mitch McConnell (R-Kentucky) was eager to do so and help the Democrats get rid of Trump. However, McConnell’s spokesman said on Wednesday he would “not consent” to doing so before January 19, putting the trial into Biden’s term as president. House Majority Whip James Clyburn (D-South Carolina) told CNN on Sunday that the Democrats might even give Biden a hundred days “to get his agenda off and running” before they send the articles to the Senate. The delays and calculations are at odds with rhetoric coming from House Speaker Nancy Pelosi (D-California) and her impeachment managers, who called Trump a danger to the country and urged his immediate removal.

Democrats have even argued that Trump and anyone supporting him ought to be barred from holding any office under the 14th Amendment, passed after the Civil War to punish leaders of the Confederacy. “We know that we face the enemies of the Constitution,” Pelosi said on the House floor on Wednesday. “We know we experienced the insurrection that violated the sanctity of the people’s capital – an attempt to overturn the duly recorded will of the American people. And we know that the president of the United States incited this insurrection, this armed rebellion against our common country. He must go.”

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“..those moves “over the long term … will be destructive to the noble purpose and ideals of the open internet.”

Twitter CEO Defends Banning Trump But Says It Was A “Dangerous” “Failure” (JTN)

Twitter co-founder and CEO Jack Dorsey on Wednesday evening composed a 13-tweet-long thread on the social media platform he leads in which he defended the company’s recent permanent ban of President Donald Trump while still claiming that the ban constituted a “dangerous” “failure.” Dorsey, who helped found the microblogging platform in early 2006, said in the thread that, though banning Trump out of fears that he was promoting violence was “the right decision for Twitter,” an account ban nevertheless “has real and significant ramifications.” “While there are clear and obvious exceptions, I feel a ban is a failure of ours ultimately to promote healthy conversation,” Dorsey said. “And a time for us to reflect on our operations and the environment around us.”


In addition to fragmenting the public conversation, Dorsey said, such a ban “sets a precedent I feel is dangerous: the power an individual or corporation has over a part of the global public conversation.” Referring to the recent purge of the social media app Parler from multiple digital platforms, Dorsey argued that those moves “over the long term … will be destructive to the noble purpose and ideals of the open internet.” “Everything we learn in this moment will better our effort, and push us to be what we are: one humanity working together,” Dorsey said in the thread.

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“move from large-scale vaccination to mass vaccination.”

Putin Orders Mass Vaccination Against COVID19 With Sputnik V Jab (RT)

President Vladimir Putin has instructed the Russian government to begin rolling out a coronavirus vaccine for the entire population from next week, with more than 1.5 million people having already received the jab.
In a meeting with ministers on Wednesday, Putin said that the time had come to “move from large-scale vaccination to mass vaccination.” He added that the Sputnik V formula, developed by Moscow’s Gamaleya Institute, was “the best in the world.” While comparisons between different vaccines are hard to draw, given the unique circumstances under which they have been developed, he insisted that “no others demonstrate this level of protection and such a degree of safety.”

However, the president expressed concern over the global fight against Covid-19, saying that “we see across the world, unfortunately, that it is not yet possible to strangle this disease, and we cannot prevent all the negative consequences associated with it.” Responding to the new directive, Deputy Prime Minister Tatiana Golikova reported that the mass immunization program will begin next week, from 18 January. While 1.5 million people in the country have already received their first jab, according to the Russian Direct Investment Fund, which financed Sputnik V, the list of those eligible was still subject to a number of restrictions.

Doctors, teachers, factory workers, municipal officials and those working in finance and the media were initially offered appointments first. However, there was speculation that, in practice, few checks were put in place before people were given their injection. It is still unclear how the mass-immunization program will be administered, and whether all Russians will be offered shots at once, or staggered based on their age group. Putin added that Sputnik V was particularly well-suited to being made available across the entirety of the world’s largest country because “thank God, our vaccine does not require any unusual conditions for transportation,” and can be stored at ordinary refrigerator temperatures.

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A good thing if you’re a vaccine maker?!

Moderna CEO Says The World Will Have To Live With Covid ‘Forever’ (CNBC)

The CEO of Covid-19 vaccine maker Moderna warned Wednesday that the coronavirus that has brought world economies to a standstill and overwhelmed hospitals will be around “forever.” Public health officials and infectious disease experts have said there is a high likelihood that Covid-19 will become an endemic disease, meaning it will become present in communities at all times, though likely at lower levels than it is now. Moderna CEO Stephane Bancel appeared to agree Wednesday that Covid-19 will become endemic, saying “SARS-CoV-2 is not going away.” “We are going to live with this virus, we think, forever,” he said during a panel discussion at the JPMorgan Healthcare Conference.


Health officials will have to continuously watch for new variants of the virus, so scientists can produce vaccines to fight them, he said. Researchers in Ohio said Wednesday they’ve discovered two new variants likely originating in the U.S. and that one of them quickly became the dominant strain in Columbus, Ohio, over a three-week period in late December and early January. Pfizer researchers said its vaccine developed with BioNTech appeared to be effective against a key mutation in the U.K. strain as well as a variant found in South Africa. Moderna’s vaccine has been authorized by the Food and Drug Administration for use in Americans who are 18 years old and older. Additional studies still needed to be completed in children, whose immune systems can respond differently to vaccines than those of adults.

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Two have already been refused entry because of positive PCR tests.

WHO Team Arrives In Wuhan To Investigate Pandemic Origins (AP)

A global team of researchers arrived Thursday in the Chinese city where the coronavirus pandemic was first detected to conduct a politically sensitive investigation into its origins amid uncertainty about whether Beijing might try to prevent embarrassing discoveries. The 10-member team sent to Wuhan by the World Health Organization was approved by President Xi Jinping’s government after months of diplomatic wrangling that prompted an unusual public complaint by the head of the WHO. Scientists suspect the virus that has killed 1.9 million people since late 2019 jumped to humans from bats or other animals, most likely in China’s southwest. The ruling Communist Party, stung by complaints it allowed the disease to spread, says the virus came from abroad, possibly on imported seafood, but scientists reject that.


CGTN, the English-language channel of state broadcaster CCTV, reported the WHO team’s arrival. The members include virus and other experts from the United States, Australia, Germany, Japan, Britain, Russia, the Netherlands, Qatar and Vietnam. A government spokesman said this week they will “exchange views” with Chinese scientists but gave no indication whether they would be allowed to gather evidence. They will undergo a two-week quarantine as well as a throat swab test and an antibody test for COVID-19, according to a post on CGTN’s official Weibo account. They are to start working with Chinese experts via video conference while in quarantine. China rejected demands for an international investigation after the Trump administration blamed Beijing for the virus’s spread, which plunged the global economy into its deepest slump since the 1930s.

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In Holland, with 5,000 new cases on Tuesday, a warning yesterday that in February B.1.1.7 could cause 150,000 new cases per day.

Two NYC Residents Reported To Have UK COVID-19 Variant (AMNY)

Two New York City residents, one from Manhattan and the other from Queens, have contracted the mutated COVID-19 strain that was first identified in the United Kingdom—leading to a second nationwide lockdown of the country—Mayor Bill de Blasio said Wednesday. Both people were originally diagnosed in late-December using genetic sequencing — a method used to identify the new strain — which returned results “within the last few hours,” according to city Health Commissioner Dr. Dave Chokshi. Over 30 countries have reported cases of a new COVID variant, known as B.1.1.7, first identified in the UK last fall. In response, several countries have shut their doors to travelers from the United Kingdom in order to mitigate the spread of the virus.


Earlier this week, Washington announced that all international travelers will be required show proof of a negative COVID-19 test before boarding a flight starting Jan. 26 in response to the variant’s spread. But on Wednesday, de Blasio said that the measure fell short of what is needed to control the virus and again called for the federal government to issue a travel ban from Britain. “That’s not good enough,” de Blasio told reporters. “Here is proof positive that someone who was in the UK has brought the variant back here. We need that stopped. All flights from the United Kingdom should be canceled immediately by the federal government.” State officials reported the first case of the new variant on Jan. 4. Since then, officials have reported a total of 12 people in New York state have contracted the B.1.1.7.

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“..so called ‘immunity’ passports “pose extremely high risks in terms of social cohesion, discrimination, exclusion and vulnerability.”

EU Leaders Demand “Standardised” Vaccine Passport For Travel (SN)

EU leaders are demanding that the Commission should ‘standardise’ a vaccine passport across all member countries, and that it should be required for people to travel throughout the area. Greek Prime Minister Kyriakos Mitsotakis has penned a letter to EU Commission chief Ursula von der Leyen, outlining that “Persons who have been vaccinated should be free to travel.” The letter calls for a “standardised certificate, which will prove that a person has been successfully vaccinated.” While it stops short at advocating mandatory vaccination, the letter further urges that “It is urgent to adopt a common understanding on how a vaccination certificate should be structured so as to be accepted in all member states.”

Mitsotakis has pledged to raise the issue during an upcoming EU summit on January 21, declaring that “there is an urgent need for a high-level EU-wide mobilization to move things forward.” Vaccine passports have previously been touted by the EU, with officials suggesting back in April that visa applicants would also be required to be vaccinated. EU countries including Spain, Estonia, Iceland, and Belgium have all indicated that they are open to some form of vaccine passports, as well as sharing the data across borders. This week, it was also revealed that Denmark is the latest country to announce that it is rolling out a ‘Covid passport’, to allow those who have taken the vaccine to engage in society without any restrictions.

However, the EU’s data protection chief Wojciech Wiewiorowski recently labeled the idea of an immunity passport “extreme” and has repeatedly said it is alarming, and ‘disgusting’. The spectre of so called ‘immunity passports’ is looming globally. Having left the EU, Britain would not be part of any standardised European scheme, however it has now confirmed that it is rolling out vaccine passports, despite previous denials that it would do so. Recently, the government in Ontario, Canada admitted that it is exploring ‘immunity passports’ in conjunction with restrictions on travel and access to social venues for the unvaccinated. Last month, Israel announced that citizens who get the COVID-19 vaccine will be given ‘green passports’ that will enable them to attend venues and eat at restaurants.

A litany of other government and travel industry figures in both the US, Britain and beyond have suggested that ‘COVID passports’ are coming in order for ‘life to get back to normal’. Anna Beduschi, an academic from Exeter University, commented on the potential move toward vaccine passports by EU, noting that it “poses essential questions for the protection of data privacy and human rights.” Beduschi added that the vaccine passports may “create a new distinction between individuals based on their health status, which can then be used to determine the degree of freedoms and rights they may enjoy.” A report compiled last year by AI research body the Ada Lovelace Institute said so called ‘immunity’ passports “pose extremely high risks in terms of social cohesion, discrimination, exclusion and vulnerability.” Sam Grant, campaign manager at the civili liberties advocacy group Liberty has warned that “any form of immunity passport risks creating a two-tier system in which some of us have access to freedoms and support while others are shut out.”

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“..the city let the landlords keep all of the gains in land value. And they just raised the income taxes and went into debt to pay for the subway.”

Polarization, Then a Crash – Michael Hudson (AN)

[..] ever since the Bronze Age you had the temples and the palaces providing basic needs. Because if you leave this to the private sector, then you’re going to have a situation where the private supplier has a chokehold on the economy and can say: your money or your life. There are certain things that governments are supposed to supply and which industrial capitalism wanted government to supply. Because they didn’t want employers or their employees to have to pay for them. These are a number of things. Governments obviously have to supply military defense. You can’t leave that private people but also healthcare, for instance. The conservative party in England, Benjamin Disraeli said: health is everything; we have to spend on health.

And you don’t want to, in principle, make money off crime. But in America we’re privatizing the penal system, the jail system. So you have increasing pressure on government, on governors, to arrest people, put them in jail especially on drug use, where you can employ them at 10 cents an hour. And lease them out to companies as low priced labor. But most of all, government is supposed to provide the infrastructure: the transportation, the communication, the telephone system. And the idea is that if you leave like cable TV to private suppliers, they are natural monopolies. The idea throughout history from classical Greece and Rome, medieval times in Europe is that natural monopolies should be in the public domain.

Because you don’t want to provide opportunities for monopoly rent. Because monopoly rent, like land rent and natural resource rent, is not a necessary cost to production. You want the necessary cost of production to be the material costs and normal profit. Because obviously you need people to have some incentive to do things. But the incentive is supposed to be normal profit, not super profits, not just a free lunch. And so if you let transportation become privatized, then it is going to cost the workforce much more money to get to work and to get to a job. If you let the oil industry be privatized and the profits from the natural resource, and that’s the patrimony of mineral rights, oil and gas is all going to go to the private financial sector not to be used as the tax base.

And if you have the land rent, essentially if the government, for instance, in New York City, they spent let’s say a billion dollars on extending the second Avenue subway line up along the wealthy Upper East Side. That increased land values for landlords all by about twice the amount by about $2 billion. Because people now were closer to the subway station, they didn’t have to walk. They had better transport. All of this increase in land prices could have financed the extension of the subway and still been able to lower the subway fares for the rest of new Yorkers. Instead, the city let the landlords keep all of the gains in land value. And they just raised the income taxes and went into debt to pay for the subway.

So, you have a privatization of wealth that is not created by landlords, not created by individuals. Certainly the oil companies don’t create the oil in the ground. And the mining companies don’t create the mineral resources. All of these things are given away freely. The United States lets forestry logging companies and mining companies get whatever they can take from the public domain for free instead of getting the results of this publicly owned land to finance the public budget. Taxes in the United States could be drastically reduced on wages and on profits, if you would just tax the unearned monopoly rent, the economic rent that is not necessary for production.

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How to spook markets.

Biden To Propose Massive $2 Trillion Stimulus (ZH)

Last week, Goldman sparked a buying frenzy in the market (and selling in treasuries) when the bank said it expects the Biden admin would unveil a “modest” $750 billion fiscal stimulus plan, including some $300 billion in “stimmy” checks to Americans. However, as bank after bank tried to upstage Goldman and threw around stimulus estimates as high as $1 trillion or even more, the market barely noticed when late this afternoon, incoming Senate majority leader, Chuck Schumer reportedly “pressed” (in Bloomberg’s words) Joe Biden to propose more than $1.3 trillion in spending for his initial round of Covid-19 relief.

According to Bloomberg, “the two have discussed Biden’s plans ahead of the president-elect’s announcement on his economic-rebuilding proposals… Biden is set to speak at 7:15 p.m. Thursday to outline “his vaccination and economic rescue legislative package,” his transition team said in a statement.” But if markets ignored the Schumer report, they sure as hell noticed the CNN report which hit just after 9pmET, which prompted traders to take a double take because apparently Schumer “pressed” Biden so hard to expand the next stimulus round, he literally squashed the president-elect, who is now “expected to unveil a major Covid-19 relief package on Thursday and his advisers have recently told allies in Congress to expect a price tag in the ballpark of $2 trillion,” CNN reported citing two people briefed on the deliberations.

The Biden team is taking a “shoot for the moon” approach with the package, one lawmaker in close contact with them told CNN, though they added that the price tag could still change. The proposal, which is just shy of the Democrats’ demand late last year when they sought a $2.2 trillion stimulus, only to agree on a $900 billion enacted last December, “will include sizable direct payments to American families, significant state and local funding – including for coronavirus vaccine distribution and other emergency spending measures – to help those struggling during the pandemic.”

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Why does the US have so many neocon women in high places?

Biden Taps Veteran Interventionist Samantha Power to Head USAID (Antiwar)

On Wednesday, Joe Biden announced that he will nominate Samantha Power to head the US Agency for International Development (USAID). Power served as ambassador to the UN for President Obama from 2013 to 2017. Before that, she worked on Obama’s National Security Council, where she played an instrumental role in pushing for US intervention in Libya in 2011. Power argued in favor of US intervention in Libya under the guise of protecting human rights and preventing genocide. She was joined in her crusade by then-Secretary of State Hilary Clinton and Susan Rice, who served as the UN ambassador at the time. Reports from 2011 say the pressure from Power, Rice, and Clinton is what led Obama to intervene militarily in Libya, even though his other top advisors were against it.

Then-Secretary of Defense Robert M. Gates would later say that in a “51 to 49” decision, Obama decided to bomb Libya. The US-NATO intervention in Libya that led to the brutal murder of former Libyan ruler Moammar Gaddafi was an absolute disaster. Destabilizing Libya turned the country into a haven for al-Qaeda-linked militants, resulted in targeted killings of black Africans, sparked a refugee crisis in North Africa, and even led to the creation of slave markets. For her efforts in convincing Obama to destroy Libya, Power was promoted. As the US ambassador to the UN, Power advocated for US intervention in Syria and stood by as the Obama administration backed the Saudis in their brutal war against Yemen’s Houthis.

While Powers has since taken a public stance against the war in Yemen, she omitted her early role in supporting the vicious war from her memoir that was published in 2019. In the book, Power defended her decision to intervene in Libya and argued that more intervention in Syria could have prevented some of the war’s atrocities. While it’s not exactly a national security position, Power will have a lot of influence on foreign policy from her future role as the head of USAID. The agency is often used to fund US regime change efforts. For example, in September 2019, USAID announced it would be providing $52 million to Juan Guaido, who the US recognizes as president of Venezuela, despite the fact that Nicolas Maduro holds the office. Earlier in 2019, the US supported Guaido in a failed coup attempt.

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Peaceful protests coming.

As Biden Vows To ‘Defeat The NRA,’ Gun Sales Continue To Soar (JTN)

The FBI’s firearm statistics show that 2020 was a record-breaking year in the firearm industry with a 39.9% increase in FBI firearm background checks. With a worldwide pandemic, a summer of violence in cities across the country, the U.S. presidential election and now the transitioning of administrations, 2020 was no ordinary year. With a total of 39,695,315 completed background checks – up from 28,369,750 in 2019 – the year marked the most firearm checks in history, based on FBI data as far back as 1998. Since 1998, nine out of the top ten highest firearm-check weeks occurred in 2020, with the highest check weeks being in the middle of March and the beginning of June.


December, in the midst of election irregularity claims by Trump, saw the highest month of background checks. At over 7.4 million, Illinois saw the most background checks in the country. The fear of the unknown and what’s to come continue to drive sales through the roof. Since the breaching of the Capitol on Jan. 6, gun stores have seen an increase in sales from a fairly even mix of Republicans and Democrats, according to research from TMZ. Gun shops reported increased sales up 400% this past week compared to the week before, with many stores being sold out of guns and ammunition. As Inauguration Day draws closer, sales could continue to stay high with Biden recently saying he will “defeat the NRA.”

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Abominable.

Former Michigan Gov. Snyder Charged For Flint Water Crisis (JTN)

Former Republican governor of Michigan Rick Snyder has been charged with two counts of willful neglect of duty in connection with an investigation pertaining to the Flint, Michigan water crisis, which received much national attention at the time. The Associated Press reported that, according to the state archivist, there has never before been a sitting or former governor charged with wrongdoing connected to their tenure as Michigan governor. “Flint was in chronic financial trouble in 2014 when a Snyder-appointed manager who was running the majority Black city carried out a money-saving decision to use the Flint River for water while a regional pipeline from Lake Huron was under construction,” the outlet noted.


“The corrosive water, however, wasn’t treated properly and released lead from old plumbing into homes in one of the worst manmade environmental disasters in U.S. history,” the wire service reported. As reports have shown, such as from the Environmental Protection Agency’s Office of the Inspector General, there was plenty of blame to go around. CNN reported that the IG report “strongly criticizes the local, state and federal government’s response to the Flint water crisis in 2015 and 2016.”

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So what has the Fed done to help?

Unemployment Rate Above 20% For Lowest-Paid Workers – Fed’s Brainard (CNBC)

Unemployment for the lowest-paid workers in the U.S. is above 20%, a figure that Federal Reserve Governor Lael Brainard said underscores the importance of policy help for the economy. The figure indicates how uneven the recovery has seen since efforts to control the Covid-19 pandemic resulted in the biggest quarterly GDP drop since the Great Depression. “The damage from COVID-19 is concentrated among already challenged groups,” Brainard said in a speech Wednesday. “The K-shaped recovery remains highly uneven, with certain sectors and groups experiencing substantial hardship.”


At a time when the national unemployment rate has come down from the pandemic peak of 14.7% to the current 6.7%, Fed economists estimate the jobless rate for the lowest quartile of earners is “likely above 20%,” Brainard said. That comes as the Black unemployment rate is 9.9% and the Hispanic rate is at 9.3% while the rate for Whites is 6%. Fed officials have made “inclusive” employment gains a priority and have adjusted policy to try to make that happen. A new approach will allow inflation to run higher than the central bank’s 2% goal and the unemployment rate to fall beneath what had traditionally been an indicator of higher inflation before the Fed will raise interest rates.

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“We can’t run and hide hoping to be the last one hauled off to the abattoir. It’s time to step up.”

Cancel Yourself (Michael Krieger)

There’s no reason to rehash what happened over the last several days, but the gist of it is that significant components of internet infrastructure were weaponized for ideological and political purposes. If we’re being honest with ourselves, we all knew this day was coming. We just didn’t want to admit it or confront it, because it’s not a comforting or easy thing to admit or confront. But the day has arrived and we’re no longer in a position to ignore it. The most concerning aspect isn’t that it happened, but that it could happen at all. The internet is clearly broken, possibly dying, and if we want to digitally associate freely again at some point in the future, we have no choice but to fix it.

Although I have no team in the parochial political fight, I’ve chosen one in the broader ideological battle. The wielding of such concentrated and unaccountable power over human communication has crossed a very serious line and sets us up for a future world I’m uninterested in participating in. As such, we have no choice but to confront the issue head on. People who think this is about Trump for me are the most ridiculous people. I never voted for him, supported him or took him seriously. While I recognize the role he played in the greater scheme of this massive historical cycle, the best thing that can happen is for him to disappear as a political force and be understood as the spectacle and distraction he was. I’m not here to lecture anyone about who they voted for, but I’m here to connect with people of all political persuasions ready to become serious and admit that a real strategy is needed to address the unaccountable power of the national security state oligarchy. Conventional political avenues are a dead end at this point.

I recognize that tens of millions of frustrated, angry and concerned minds are trying to make sense of it all and reorient themselves. This presents a giant opportunity, but also very real danger. All the emotion being felt currently can be channeled into negative avenues such as violence, aimless spectacles, Trump martyrdom or a futile search for the next political savior guaranteed to disappoint, or it can be channeled in productive ways. That’s why I’m here writing this post at this moment. Enough people are finally motivated to respond, but what really matters is the nature of this response. The dominant aggregate reaction is what will determine the future.

Most of us eagerly, or more likely lazily, embraced the current insipid and dull paradigm in the name of convenience, low prices, and free shipping, but we never stopped to consider the sacrifices made along the way. We swallowed it whole, became comfortable fat and happy, and now the facade’s about to be slowly stripped away unless we bend the knee to an ever narrowing Overton Window of speech and behavior parameters. It begins with social media purges, but it won’t end there. All the special things we sacrificed from the prior era are gone, yet the consequences are here to stay. We can’t run and hide hoping to be the last one hauled off to the abattoir. It’s time to step up.

Read more …

This should be the most normal thing in the world. Instead, it’s news.

New Zealand City Closes Busy Road For Weeks To Protect Sea Lions (G.)

The second largest city on New Zealand’s South Island has closed a popular road for an entire month in order for a sea lion to nest safely with its pup. Dunedin City council said in a Facebook post it would close John Wilson Drive above the city’s St Claire beach for a month to allow “some special residents to use the road safely”. “A New Zealand sea lion and her pup have taken up residence at the golf course next door and are regularly crossing the road to get to the beach,” the council said. “You can still visit the area by foot or bicycle, but please give the sea lions lots of space (at least 20m) … New Zealand sea lions are endangered and one of the rarest sea lion species in the world.”


The harbour city, home to 120,000 people, regularly shuts roads during the summer months to allow wildlife to cross safely, but typically only for a day or two at most. The month-long closure has been applauded by locals, many of whom urged the council the make it permanent to protect vulnerable wildlife. Sea lions are threatened in New Zealand and are often attacked by dogs or chase humans if they get too close. The animals, which can weigh up to 200kg, have been giving birth in and around Dunedin since 1993, and since protection efforts have ramped up – both official and otherwise – the sea lion breeding season has become a fixture of the summer months, with at least 20 pups expected in the city this year.

Read more …

 

 

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Jan 112021
 


René Magritte Youth 1924

 

A Fond Farewell To Donald Trump’s Twitter Feed (Stone)
A Masterclass In Media Control For Dictators Around The World (Dockery)
The “Crisis” is Corporate Liberal Authoritarianism (Tracey)
PGA Strips Major Golf Championship From Donald Trump’s Bedminster Course (G.)
Payment Processor Stripe Cuts Ties With Trump Campaign (Hill)
Whispers In The Wind (Robinson)
Trump Said ‘Cheer On Congress… Peacefully’ At Morning White House Rally (NP)
House Democrat’s Resolution To Expel Republicans Who Challenged Election (JTN)
War Of The -Financial- Worlds (Nomi Prins)
25 Organizations Say Victoria Nuland Should Be Rejected (CN)
Britain Set To Outlaw Chinese Imports With Links To Human Rights Abuse (Sun)
Vietnam And China Buy Indian Rice For First Time In Decades (ZH)
Does Vitamin D Combat Covid? (G.)

 

 

We’ll have to live through the mudslinging for a while longer. Will it stop on the 20th? Not very likely. The crowds smell blood.

 

 

Arnold

 

 

Hotep

 

 

“..his first ever tweet on May 4, 2009 was “Be sure to tune in and watch Donald Trump on Late Night with David Letterman as he presents the Top Ten List tonight!”

A Fond Farewell To Donald Trump’s Twitter Feed (Stone)

The president has lost both the Oval Office and his beloved Twitter account. His posts were hilarious, mad, and occasionally dangerous – but, God, it’s been a helluva ride. @realDonaldTrump, we’ll miss you. Donald Trump governed by social media. Tweeting from bed in his teddy bear pyjamas or on his sofa in front of a huge TV screen, sometimes from a buggy on his golf course. It was never gonna end well, and now it’s all over. Twitter permanently suspended his account yesterday, and he has been indefinitely hoofed off Facebook and Instagram. There are only so many teenage temper tantrums you can have until an adult takes away your smartphone.

Plenty of people say the dumbest things on social media, but they’re not usually the 74-year-old president of the most powerful country in the world, with more than 6,000 nuclear warheads and 1.3 million active duty troops ready to go. Their words don’t rock stock markets. Trump’s Twitter journey all started in pretty limp fashion; his first ever tweet on May 4, 2009 was “Be sure to tune in and watch Donald Trump on Late Night with David Letterman as he presents the Top Ten List tonight!” Just some bland, promotional pap selling the Trump brand. Seven years later, and he was about to be elected president – who’d have thought? That chubby orange-faced dude off ‘The Apprentice’, that serial bankrupt who erected gaudy apartment blocks and casinos and had a steady stream of pneumatic looking wives?

Nah. Don’t be ridiculous. That’s never gonna happen. His first tweet as president was: “I am honered to serve you, the great American people, as your 45th President of the United States!” The typo proved it was really him, and not some public relations drone. He later explained: “My use of social media is not Presidential – it’s MODERN DAY PRESIDENTIAL.” Righto. He has sent thousands of tweets – and retweets such as “If Hillary Clinton can’t satisfy her husband what makes her think she can satisfy America?” Which, uncharacteristically, he deleted. In early June 2020, during the police brutality protests, he sent exactly 200 tweets and retweets in a single day. This being Donald Trump, he didn’t get the irony that this tweet storm came shortly after he’d signed an executive order to regulate the platform after it fact checked one of his tweets. His previous record had been 142, during his impeachment trial in January 2020.

Read more …

The risks of censorship.

A Masterclass In Media Control For Dictators Around The World (Dockery)

Cutting off an opponent’s access to the media is step one in the regime change playbook, and the US government would know, having written several of them. When US-sponsored protesters deposed Serbian leader Slobodan Milosevic in 2000, the first building they seized after parliament was a TV station. Turkish President Recep Tayyip Erdogan avoided a communications blackout by using FaceTime to address the public during an attempted coup against him in 2016. Egypt’s Hosni Mubarak cut off internet access as protesters organized against him in 2011. Every coup or counter-coup hinges on media control, and the only difference between the deplatforming of Trump and the examples above are that for the first time, foreign regime-change strategies are being openly deployed by Americans, against Americans, in America.

As the country’s most despicable journalists and pundits cheer for the unaccountable tech tyrants, budding dictators abroad are surely taking notes. Building relationships with the tech titans is the modern equivalent of seizing a television studio, and popular movements can be easily suppressed with their cooperation. If the world’s loudest and proudest democracy is doing it, why can’t they? And who’s to say Silicon Valley’s giants themselves would stop at the US border? What is to stop them taking a dislike to some politician overseas and snuffing them out like Donald Trump? After all if the leader of the most powerful nation on Earth can be deleted, what chance do the rest of them have?

Back in the US, Trump has far more supporters than the mob who broke into the Capitol on Wednesday. He has 75 million of them, more than the population of the UK. Denied the opportunity to speak freely online and with their views branded as “extremist,” would anyone be surprised if they decided to take more drastic action? After all, the regime change manual closes with a warning: an attempted coup only ever addresses “immediate issues and short-term, rather than longer-term, interests.” For the US, these long-term consequences could have the political class pining for a return to Wednesday’s hooliganism.

Read more …

I’m not in favor of big words like that.

The “Crisis” is Corporate Liberal Authoritarianism (Tracey)

The mob that barged into the Capitol Building on Wednesday accomplished a few things. First, it cemented the electoral demise of Donald Trump, whose termination from the presidency was merely delayed for a few hours by the chaos. Second, it put forward a public perception of Trump’s most ardent supporters as a collection of conspiracy-addled violent loons. Third, it humiliated and discredited Trump, who meekly conceded defeat the following day. There was no real “coup attempt,” despite incessant politician and media histrionics to that effect. Just a pitiful outburst that was quickly dispersed. It was clear within about ten minutes of the intrusion that the most severe consequences would stem not from the incident itself, but the deliberately-stoked over-reaction.

The bipartisan political and media class, whether cynically or sincerely, is broadcasting their steadfast conviction that this was something like a “MAGA Terrorist Insurrection” — which is literally how it’s being described on CNN. Under such allegedly extreme circumstances, of course extreme remedial action is going to be demanded. Few entities capitulate to upswells of political hysteria more reliably than the tech companies. Knowing that there will soon be a Democratic presidential administration and Congress to appease, they launched this week what is the most drastic corporate censorship offensive in modern history. Not only was Trump banished from Facebook, Instagram, and Twitter — the latter being his primary communications platform (for better or worse) — multiple high-profile Trump allies were likewise purged.

Steve Bannon was nuked from YouTube. Trump and his supporters are being neutralized online not because he currently poses any kind of bonafide “threat” to the Republic, but because his enemies are desperate for revenge. And they have been gifted with a perfect “crisis” that will justify their getting it. The expulsion of Trump from Twitter was celebrated rapturously by journalists whose conception of the job has markedly shifted away from anything to do with the preservation of protected speech. Instead, they are far more interested in asserting their political and cultural dominance, punishing those perceived to be undesirables, and functioning almost like a collective Human Resources social pressure department. Google, Amazon, Facebook, Apple, and Twitter — collectively more powerful than most nation states — have become willing partners in this endeavor.

Read more …

The rats and the ship.

PGA Strips Major Golf Championship From Donald Trump’s Bedminster Course (G.)

The PGA of America has announced that it has moved the 2022 PGA Championship from Donald Trump’s Bedminster course in the wake of the invasion of the US Capitol. “The PGA of America Board of Directors voted tonight to exercise the right to terminate the agreement to play the 2022 PGA Championship at Trump Bedminster,’’ said Jim Richerson, president of the PGA of America. Bedminster, located in New Jersey, had been awarded the tournament in 2012, before Trump’s run for the presidency. It was the first time one of his courses had been chosen to host a men’s major although Bedminster hosted the women’s PGA in 2017. The tournament is due to be played in May 2022, and alternative venues include Bethpage Black, Southern Hills and Valhalla.


“We find ourselves in a political situation note of our making,’’ said Seth Waugh, the CEO of the PGA of America, in an interview with the Associated Press. “We’re fiduciaries for our members, for the game, for our mission and for our brand. And how do we best protect that? Our feeling was given the tragic events of Wednesday that we could no longer hold it at Bedminster. The damage could have been irreparable. The only real course of action was to leave.” The Trump Organization said they were disappointed with the decision. “This is a breach of a binding contract and they have no right to terminate the agreement,” a spokesperson told ABC on Sunday. “As an organization we have invested many, many millions of dollars in the 2022 PGA Championship at Trump National Golf Club, Bedminster. We will continue to promote the game of golf on every level and remain focused on operating the finest golf courses anywhere in the world.”

Read more …

Can’t catch a break.

Payment Processor Stripe Cuts Ties With Trump Campaign (Hill)

Payment processing company Stripe cut ties with President Trump’s campaign after his supporters rioted at the Capitol last week, a person familiar with the matter confirmed to The Hill on Sunday. Stripe, a San Francisco-based company that manages online card payments for several businesses, will stop processing payments to the campaign, saying the campaign violated its policies against encouraging violence after a pro-Trump mob stormed and vandalized the Capitol. The company requests that users not collect payments for “high risk” activities, including for any business or organization that “engages in, encourages, promotes or celebrates unlawful violence or physical harm to persons or property,” according to its website.

Read more …

“Neither Trump of Biden would save that baby and the many others like it. The Saudi kingdom, is a profitable friend.”

Whispers In The Wind (Robinson)

Millions of humans lead their lives despite the petty and often pathetic self importance of US partisan politics and yet somehow, the American empire finds them. Whether it is a drone hovering high above, visiting with random murder or a blockade of warships enforcing an almost ancient embargo, it is the American prevalence in all of our lives that seems to be destroying not only the US itself, but the wider world. And when a victor emerges, the world still gets war. Mostly American wars. These are not civil riots protests that waved a fist against state led bigotry, nor are they anti conscription riots over government forcing individuals to fight overseas in another war. Such past riots, have had limited impact in quelling the growth of government or in tempering its destructive might.

Journalist Julian Assange is held captive in legal purgatory, punished for revealing the crimes of war mongers and lifting the up the skirt of many governments. Ross Ulbricht a prisoner because he created a website, the details of his conviction would make for an unbelievable fiction and yet it was all too real. Edward Snowden and Chelsea Manning are pariah patriots, believers in the religious texts that most Americans claim to uphold and yet most of the voting public and voted for rulers disregard the details of such a constitution and Bill of Rights. And millions of poor and desperate foreigners live and die in the frontiers of foreign policy, their homes and day to day ruined so that macho sounding politicians can profit by propping up tyrannies of maniacal madness. Inside the prisons of the US itself are thousands of convicts punished for victimless crimes, the prohibitions and regulations of a cancerous government that claims to be for freedom, when in fact it dissolves it at every chance. The protests are not for any of them.

A small child, perhaps now dead, coiled in infant agony, starved as its innocent eyes bulged in anguish fronted recent articles covering the desperate situation in Yemen. A situation that would be impossible if not for the aid and assistance of the US and it’s imperial allies. Neither Trump of Biden would save that baby and the many others like it. The Saudi kingdom, is a profitable friend. The protesters that support the two coins of US partisan politics do not care about the children of Yemen either. One needs not look too far to find the victims of foreign policy, recent and distant to see the true outcome of such actions, but it seems few actually care to. And should they be presented with such facts and terrible images, a religious fog washes across their eyes, allowing them to either dismiss or contextualize the murder and suffering. But a slob tweeting from the toilet or a hair sniffing buffoon are both credible enough to lead, and be despised because they are not the other.

Read more …

Not a popular POV these days.

Trump Said ‘Cheer On Congress… Peacefully’ At Morning White House Rally (NP)

Despite insistence from the mainstream media, Democratic Party, and establishment Republicans that President Trump incited violence at the U.S. Capitol, his morning speech at the White House did precisely the opposite.
As the final speaker of the Save America March in Washington, D.C., President Trump insisted his supporters would “peacefully and patriotically make your voices heard” at the Capitol following his speech. “We’re going to walk down to the Capitol and we’re going to cheer on our brave Senators and Congressmen and women,” he outlined – never calling for protestors to breach the building or use physical force. In full his remarks read:

“And after this, we’re going to walk down, and I’ll be there with you. We’re going to walk down. We’re going to walk down anyone you want, but I think right here. We’re going to walk down to the Capitol and we’re going to cheer on our brave Senators and Congressmen and women, and we’re probably not going to be cheering so much for some of them because you’ll never take back our country with weakness. You have to show strength, and you have to be strong. We have come to demand that Congress do the right thing and only count the electors who have been lawfully slated, lawfully slated. I know that everyone here will soon be marching over to the Capitol building to peacefully and patriotically make your voices heard. Today we will see whether Republicans stand strong for integrity.”

Read more …

Even if it’s true that the challenges contributed to the riots, don’t they have the right to challenge?

House Democrat’s Resolution To Expel Republicans Who Challenged Election (JTN)

A freshman House Democrat is preparing a resolution to introduce Monday to expel Republican lawmakers who supported challenges to the 2020 election results. Rep. Cori Bush (D-Mo.), said Sunday in a tweet she believes the election challenges contributed to the deadly riot inside the Capitol on Wednesday. “Tomorrow, I’m introducing my resolution to expel the members of Congress who tried to overturn the election and incited a white supremacist coup attempt that has left people dead,” Bush tweeted. “They have violated the 14th Amendment. We can’t have unity without accountability,” she wrote.

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Robber barons.

War Of The -Financial- Worlds (Nomi Prins)

In The War of the Worlds, H.G. Wells evokes a species — humanity — rendered helpless in the face of a force greater than itself and beyond its control. His depiction of the grim relationship between the Martians and the humans they were suppressing (meant to remind readers of the relationship between British imperialists and those they suppressed in distant lands) cast an eerie light on the power and wealth gap in Great Britain and around the world at the turn of the twentieth century. The book was written in the Gilded Age, when rapid economic growth, particularly in the United States, bred a new class of “robber barons.” Like the twenty-first-century version of such beings, they, too, made money from their money, while the economic status of workers slipped ever lower.

It was an early version of a zero-sum game in which the spoils of the system were increasingly beyond the reach of so many. Those at the top ferociously accumulated wealth, while the majority of the rest of the population barely got by or drowned. A crisis of inequality had been sparked by the Industrial Revolution itself, which started in England and then crossed the Atlantic. By the late nineteenth century, America’s “robber barons” were insanely wealthy. As economist Thomas Piketty wrote, there was a steeper increase in wealth inequality during the Gilded Age than ever before in American history. In 1810, the top 1% of Americans held 25% of the country’s total wealth; between 1870 and 1910 that share leapt to 45%. Today, the top 1% of Americans possess more wealth than the whole of the middle class, a phenomenon first true in 2010 and still the reality of our moment.

By 2018, about 75% of the $113 trillion in aggregate U.S. household assets were financial ones; that is, tied up in stocks, ETF’s, 401Ks, IRAs, mutual funds, and similar investments. The majority of nonfinancial assets in that mix was in real estate. Even before the pandemic, only the richest 20% of American households had recovered fully (or, in the case of the truly wealthy, more than fully) from the financial crisis. That’s mostly because since that crisis, fewer households had participated in the stock market or owned real estate and so had no chance to capitalize on increases in the values of either. Much of the appreciation in stock market and real-estate values has been directly or indirectly related to the Fed’s actions. By the end of December 2020, its balance sheet had increased by $3.164 trillion, reaching a total of $7.35 trillion, 63% more than its book at the height of the decade following the 2008 disaster.

Read more …

Shill.

25 Organizations Say Victoria Nuland Should Be Rejected (CN)

Victoria Nuland, former foreign policy adviser to vice president Dick Cheney, should not be nominated for undersecretary of state [for political affairs], and if nominated should be rejected by the Senate. Nuland played a key role in facilitating a coup in Ukraine that created a civil war costing 10,000 lives and displacing over a million people. She played a key role in arming Ukraine as well. She advocates radically increased military spending, NATO expansion, hostility toward Russia, and efforts to overthrow the Russian government. The United States invested $5 billion in shaping Ukrainian politics, including overthrowing a democratically elected president who had refused to join NATO. Then-Assistant Secretary of State Nuland is on video talking about the U.S. investment and on audiotape planning to install Ukraine’s next leader, Arseniy Yatsenyuk, who was subsequently installed.

The Maidan protests, at which Nuland handed out cookies to protesters, were violently escalated by neo-Nazis and by snipers who opened fire on police. When Poland, Germany, and France negotiated a deal for the Maidan demands and an early election, neo-Nazis instead attacked the government and took over. The U.S. State Department immediately recognized the coup government, and Arseniy Yatsenyuk was installed as Prime Minister. Nuland has worked with the openly pro-Nazi Svoboda Party in Ukraine. She was long a leading proponent of arming Ukraine. She was also an advocate for removing from office the prosecutor general of Ukraine, whom then-Vice President Joe Biden pushed the president to remove.

Nuland wrote this past year that “The challenge for the United States in 2021 will be to lead the democracies of the world in crafting a more effective approach to Russia—one that builds on their strengths and puts stress on Putin where he is vulnerable, including among his own citizens.” She added: “…Moscow should also see that Washington and its allies are taking concrete steps to shore up their security and raise the cost of Russian confrontation and militarization. That includes maintaining robust defense budgets, continuing to modernize U.S. and allied nuclear weapons systems, and deploying new conventional missiles and missile defenses, . . . establish permanent bases along NATO’s eastern border, and increase the pace and visibility of joint training exercises.”

Read more …

Oh, yes, our moral standards.

Britain Set To Outlaw Chinese Imports With Links To Human Rights Abuse (Sun)

Britain is to square up to China — by outlawing imports with any links to human rights abuse. Dominic Raab will use the Modern Slavery Act to make firms root out items which are made using forced labour. The Foreign Secretary will also toughen up laws around exporting British goods or technology to China that could be used for repression. The plans will be outlined to MPs tomorrow. Britain’s diplomatic ties with Beijing have been strained since claims China tried to cover up the Covid outbreak and following attacks on democracy campaigners in Hong Kong. The Foreign Office has spoken of “deeply troubling” evidence of Uyghur Muslims forced to produce cotton.


There are fears the textile industry is doing too little due diligence on goods from Xinjiang Province where the Uyghurs are forced to live in “re-education camps”. But to the dismay of some MPs and campaigners, it is understood Britain will not sanction Communist officials linked to camps and forced sterilization programmes. Officials from Russia, Saudi Arabia and North Korea have been banned from entering Britain or using UK banks. But Whitehall insiders said the so-called Magnitsky powers are not expected to be deployed in China — although it is believed ministers have them in their sights.

Read more …

What comes after central banks go nuts.

Vietnam And China Buy Indian Rice For First Time In Decades (ZH)

One month ago, we reported that SocGen’s bearish analyst Albert Edwards, who is traditionally well ahead of the curve, looked at charts of soaring food prices and was starting to “panic.” Edwards’ research report concluded by urging his readers to “keep a very close eye as to whether we see a repeat of the 2010/11 surge in food prices” because “on the 10th anniversary of the start of the Arab Spring, and with poverty having already been made much worse by the pandemic, another food price bubble could well be the straw to break the very angry camel’s back.” And while it’s not quite the spring of 2011 just yet (give it a few months) it’s getting dangerously close.

As Rithesh Jain from the World out of Whack blog writes, citing an article in the Reuters, “Vietnam, the world’s third biggest exporter of rice, has started buying the grain from rival India for the first time in decades after local prices jumped to their highest in nine years amid limited domestic supplies.” “For the first time we are exporting to Vietnam,” B.V. Krishna Rao, president of the Rice Exporters Association, told Reuters on Monday. “Indian prices are very attractive. The huge price difference is making exports possible.” Dwindling supplies and continued Philippine buying have lifted Vietnamese rice export prices to a fresh nine-year high.


Vietnam’s 5% broken rice is offered around $500-$505 per tonne, significantly higher compared to Indian prices of $381-$387. This means that, as we have been warning for the past few months, food inflation is indeed back with a vengeance: The purchases underscore tightening supplies in Asia, which could lift rice prices in 2021 and even force traditional buyers of rice from Thailand and Vietnam to switch to India – the world’s biggest exporter of the grain.

Read more …

Study after study being required. But not for the vaccines.

Does Vitamin D Combat Covid? (G.)

In March, the government’s scientific advisers examined existing evidence and decided there wasn’t enough to act upon. But in April, dozens of doctors wrote to the British Medical Journal describing the correction of vitamin D deficiencies as “a safe, simple step” that “convincingly holds out a potential, significant, feasible Covid-19 mitigation remedy”. In the Newcastle hospitals, patients found to be vitamin D-deficient were given extremely high oral doses of the nutrient, often up to 750 times the daily measure recommended by Public Health England. In July, clinicians wrote to the journal Clinical Endocrinology to share their initial outcomes. Of the first 134 coronavirus patients given vitamin D, 94 had been discharged, 24 were still receiving inpatient care, and 16 had died. The clinicians hadn’t clearly associated vitamin D levels with overall death rates, but only three patients with high levels of the nutrient died, and all of them were frail and in their 90s.

Increasingly, others followed the lead of the Newcastle doctors and began taking the vitamin themselves. During the first months of the pandemic, up to 1,000 NHS staff received free wellness packs – including vitamin C, vitamin D and zinc – from a voluntary initiative called the Frontline Immune Support Team, after informal demand from clinicians. And as sales of vitamin D supplements significantly increased, some doctors informally recommended it to patients. In a letter, the British Association of Physicians of Indian Origin advised its members to take the nutrient, though it was not made official policy. “We believe that vitamin D3 deficiency is a major risk factor for severe coronavirus infection, for which there is accumulating evidence,” the letter said.

[..] In 1940, when Churchill’s government feared people were particularly at risk of the musculoskeletal condition rickets, margarine companies were ordered to fortify their products with vitamin D “to safeguard the nutritional status of the nation”. (Back then, the nutrient was universally thought only to impact bone and muscle health, rather than having any effect on immune or metabolic health.) Margarine was fortified with vitamin D until 2013, when the government decided that fortification was unnecessary “gold-plating”. It became industry standard to include the nutrient within other fat spreads, but for six years there has been no legal obligation to do so.

To the former Brexit secretary David Davis, the failure to fortify a wider group of foods seems unacceptable. Like clinicians at the height of the first wave of the pandemic, he couldn’t understand why vitamin D wasn’t being pursued as a viable coronavirus treatment. Davis is a Conservative MP with a molecular science degree. In May, he urged the health secretary, Matt Hancock, to review the evidence and consider a free supplement scheme to reverse vitamin D deficiencies, citing the letter sent to the BMJ. Up to 40% of the population is estimated to be vitamin D-deficient this winter.

[..] it is only a Spanish study, conducted in early September, that came close to incontrovertibly proving low vitamin D levels have a pivotal role in causing increased death rates. There, 50 patients with Covid-19 were given a high dose of vitamin D, while another 26 patients did not receive the nutrient. Half of patients who weren’t given vitamin D had to be placed in intensive care, and two later died. Only one patient who received vitamin D required ICU admission, and they were later released with no further complications.

Read more …

 

 

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Support the Automatic Earth in 2021. Click at the top of the sidebars to donate with Paypal and Patreon.

 

Jun 142020
 


Gustave Dore Dante and Virgil among the gluttons 1868

 

China Reports 57 New Confirmed, 9 Asymptomatic COVID-19 Cases For June 13 (R.)
Clusters of Coronavirus Disease in Communities, Japan, January–April 2020 (CDC)
The Greatest Science Policy Failure For A Generation – Lancer Editor (G.)
Nadler: ‘Eliminating’ Private Insurance Could Pay For ‘Medicare For All’ (JTN)
Congress Spent $3.06 Million On Failed Impeachment Probe (JTN)
How Beijing Cultivated Wall Street’s Giants (SMH)
The Truth About The May Jobs Report (Axios)
Twitter Reinstates Zerohedge After Admitting It Made An “Error” (ZH)
Finishing Touches Being Put On 10 New Criminal Referrals in Russia Probe (JTN)
Julian Assange Just Called (Varoufakis)

 

 

Worldometer reports new cases for June 9 (midnight to midnight GMT+0) at + 132,786 (yesterday was updated to 141,973).

My count from about 6 am EDT to 6 am EDT is + 131,902 cases. Remember: it’s weekend.

 

 

 

 

New cases past 24 hours in:

• US + 28,487
• Brazil + 23,468
• Russia + 8,835
• India + 12,360
• Pakistan + 6,825
• Chile + 6,509

 

 

Cases 7,895,777 (+ 131,902 from yesterday’s 7,763,875)

Deaths 432,882 (+ 4,148 from yesterday’s 428,734)

 

 

 

 

 

 

 

 

 

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

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

..a new outbreak has been linked to a meat and vegetable market in south Beijing..

China Reports 57 New Confirmed, 9 Asymptomatic COVID-19 Cases For June 13 (R.)

China reported 57 new confirmed COVID-19 cases for June 13, the highest since April 13, according to data released by the national health authority on Sunday. The National Health Commission said in a statement that 38 of the new confirmed cases were locally transmitted, with 36 of them in Beijing. This is the highest daily infection count for China’s capital since authorities started releasing data. Beijing recorded a jump in new confirmed cases, up from six a day earlier, after it started doing mass-testing at the Xinfadi market in the city’s southwestern Fengtai district.


The district has put itself on a “wartime” footing and the capital banned tourism and sports events on Saturday, sparking fears of a new wave of COVID-19. Nineteen of the new confirmed cases were so-called imported cases involving travellers from overseas, with 17 of them arriving in Guangdong. China also reported nine asymptomatic cases, one new suspected case and no new deaths from COVID-19 for June 13. The total number of COVID-19 cases in mainland China now stands at 83,132, while the death toll remained unchanged at 4,634. China does not count asymptomatic patients, who are infected with the virus but do not display symptoms, as confirmed cases.

Read more …

https://twitter.com/DrEricDing/status/1271988040169328641

Clusters of Coronavirus Disease in Communities, Japan, January–April 2020 (CDC)

We investigated clusters of COVID-19 cases and probable primary cases in Japan during January 15–April 4, 2020. We found that healthcare facilities, such as hospitals, and care facilities, such as nursing homes, were the primary sources of clusters, some of which had >100 cases. Japan experienced 2 waves of imported COVID-19 cases, after which local transmission occurred and the epidemic grew (8). Of note, clusters of COVID-19 cases at healthcare and care facilities predominated at epidemiologic weeks 11 (March 9–15) and 14 (March 30–April 4), which corresponds to ≈3 weeks after the 2 waves of imported cases (Figure 1, panel C). Healthcare and care facilities might be located at the end of the local transmission chain because clusters in those facilities only became evident several weeks after community transmission persisted.

We noted many COVID-19 clusters were associated with heavy breathing in close proximity, such as singing at karaoke parties, cheering at clubs, having conversations in bars, and exercising in gymnasiums. Other studies have noted such activities can facilitate clusters of infection (9,10). Japan’s Prime Minister’s Office and the Ministry of Health, Labour and Welfare announced 3 situations that could increase the risk for COVID-19 cases and advised the population to avoid the “Three Cs”: closed spaces with poor ventilation, crowded places, and close-contact settings (11).

Among the probable primary COVID-19 cases we identified from non-nosocomial clusters, half (11/22) were 20–39 years of age, which is younger than the age distribution of all COVID-19 cases in Japan (Figure 2, panel A). We do not know whether social, biological, or both factors play a role in the difference in transmission patterns between the younger and older persons. We also noted probable primary COVID-19 case-patients appear to transmit the virus and generate clusters even in the absence of apparent respiratory symptoms, such as cough.


Figure 2. Analysis of probable primary cases of coronavirus disease (COVID-19) among 22 clusters in communities, Japan. A) Age ranges of probable primary COVID-19 cases in clusters. Age distribution among all COVID-19 cases in Japan is provided as reference. B) Proportions of symptoms among probable primary cases of COVID-19 clusters at transmission (n = 16) and among at laboratory confirmed diagnosis (n = 22). 1, Asymptomatic; 2, fever; 3, fatigue; 4, cough; 5, sore throat; 6, headache; 7, arthralgia or myalgia; 8, runny nose; 9, diarrhea; 10, difficulty breathing. C) Distribution of probable primary cases of COVID-19 clusters by time of transmission compared with illness onset by age groups (n = 16). Six cases were excluded because the time of transmission was undetermined.

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Richard Horton’s problem today is of course, apart from his bout with cancer, that he was responsible for the entirely fake report on HCQ the Lancet published.

The Greatest Science Policy Failure For A Generation – Lancer Editor (G.)

There is a school of thought that says now is not the time to criticise the government and its scientific advisers about the way they have handled the Covid-19 pandemic. Wait until all the facts are known and the crisis has subsided, goes this thinking, and then we can analyse the performance of those involved. It’s safe to say that Richard Horton, the editor of the influential medical journal the Lancet, is not part of this school. An outspoken critic of what he sees as the medical science establishment’s acquiescence to government, he has written a book that he calls a “reckoning” for the “missed opportunities and appalling misjudgments” here and abroad that have led to “the avoidable deaths of tens of thousands of citizens”.

The Covid-19 Catastrophe: What’s Gone Wrong and How to Stop It Happening Again is a short polemical book, building on a series of excoriating columns Horton has written in the Lancet over the past few months. He lambasts the management of the virus as “the greatest science policy failure for a generation”, attacks the Scientific Advisory Group for Emergencies (Sage) for becoming “the public relations wing of a government that had failed its people”, calls out the medical Royal Colleges, the Academy of Medical Sciences, the British Medical Association (BMA) and Public Health England (PHE) for not reinforcing the WHO’s public health emergency warning back in February, and damns the UK’s response as “slow, complacent and flat-footed”, revealing a “glaringly unprepared” government and a “broken system of obsequious politico-scientific complicity”.

On the page, Horton can sound strident, even arrogant, but that’s not his manner in person at all, at least not in our long Zoom conversation. He’s charming, open, self-critical and full of easy laughter. I suggest that, as bad as things look at the moment, surely people like the chief medical officer, Chris Whitty, and the chief scientific officer, Patrick Vallance, have been doing their best. “Individually, they’re great people,” he says. “I’m not criticising individuals, but the system was a catastrophic failure.” As editor of the Lancet, he’s particularly aggrieved that the series of five academic papers the journal published in late January first describing the novel coronavirus in disturbing detail went unheeded. “In several of the papers they talked about the importance of personal protective equipment,” he reminds me.

“And the importance of testing, the importance of avoiding mass gatherings, the importance of considering school closure, the importance of lockdowns. All of the things that have happened in the last three months here, they’re all in those five papers.” He still can’t understand why the government’s scientific advisers didn’t consult their counterparts in China. The world of medicine is a small one, he says, and everyone knows the people responsible for coordinating the Chinese government’s response. “These are people they could have literally sent an email to, or picked the phone up to, and said, ‘Hey, we read your paper in the Lancet, can it really be as bad as that? What is going on in Wuhan?’ And if they’d done that they would have found out that this was indeed as bad as described.”

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Whereas Jerry Nadler’s problem is that his candidate, Joe Biden, has spoken out against Medicare For All. Wait, Nadler knows that; is he trying to embarrass Biden?

Nadler: ‘Eliminating’ Private Insurance Could Pay For ‘Medicare For All’ (JTN)

Rep. Jerry Nadler (D-N.Y.), chairman of the House Judiciary Committee, suggested Friday that Congress could pay for a “Medicare for all” health care system without raising taxes by eliminating private insurance entirely. During a discussion with the Medicare for All Caucus, Nadler repeated some of the objections that critics of single-payer health care have raised including, “How are we going to pay for it?” and “We’re gonna have to raise taxes and all.” Nadler recommended that Democrats stop engaging in the tax increase debate.

“The entire mechanism, half a trillion dollars a year of private insurance, and not only the money for the profits, but the money for the markets segmenting; the money for the entire administration that all the insurance companies do; the money that all the hospitals and the doctors have to spend to deal with the bureaucracy of insurance companies – that’s half a trillion dollars a year, all of which could be spent on medical care, instead of being spent on either profits or just administrative costs,” Nader said during the discussion.

“It’s a huge amount of money and we could institute a Medicare for all system without increasing taxes. I mean, that’s not a discussion we have to get into because the cost savings from just eliminating the private insurance leech on the system would pay for all of Medicare for all, all the services, everything we’re talking about and when we get to debating this on a political level, again, we ought to be emphasizing that,” he added. Nadler urged Democrats to begin making his argument in favor of Medicare for all on the campaign trail in this election cycle. “I don’t understand why we didn’t point this out enough and we must in the future,” he said. Such an argument will continue to face strong opposition from the country’s estimated $900 billion private insurance industry and those opposed to a completely government-run health care system.

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More Nadler. He and Schiff will simply say they had every right to do the probe, and lost only because the Senate is partisan. Just like Congress is, but for the other party.

Congress Spent $3.06 Million On Failed Impeachment Probe (JTN)

The Golden Horseshoe is a weekly designation from Just the News intended to highlight egregious examples of wasteful taxpayer spending by the government. The award is named for the horseshoe-shaped toilet seats for military airplanes that cost the Pentagon a whopping $640 each back in the 1980s. This week, our award is going to the the United States Congress for spending $3.06 million in taxpayer dollars between September and December 2019 on the failed impeachment of President Trump. The recently released openthebooks.com report entitled “Congressional Membership Has Its Privileges: Salaries, Pensions, Travel & Other Taxpayer-Funded Perks” breaks down some of the exorbitant annual costs of the nation’s legislative branch.

The oversight report, which is published annually under the Federal Funding Accountability and Transparency Act of 2006, was initially sponsored by the late Senator Tom Coburn (R-Okla.) and then-Senator Barack Obama. According to this year’s analysis, during the period between Sept. 24 2019, when House Speaker Nancy Pelosi declared an impeachment inquiry, and Dec. 13, 2019, when the House Judiciary Committee sent two articles of impeachment to the Senate, the lower chamber ran up a bill to taxpayers of over $3 million. That price tag included the salaries of more than 100 congressional staffers and employees who, for those four months, essentially worked full-time on the impeachment proceedings.

It also factors in the hourly fees of the six attorneys who were hired as lawyers of record for witnesses who made appearances during hearings, and acted as impeachment counsel for the House Democratic impeachment managers throughout the trial. The high cost of the impeachment effort is primarily due to the House’s decision to use congressional staffers to investigate the president for potentially impeachable crimes. For reference, during the impeachment of President Clinton 1998, the majority of the fact-finding was done by Independent Counsel Ken Starr’s staff. For President Nixon’s impeachment inquiry, the bulk of the investigating was handled by special prosecutors Archibald Cox and Leon Jaworski, in addition to a Senate select committee.

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Nutshell: the Fed hands Goldman Sachs buckets full of billions to aid it in selling off the US to China for profit.

How Beijing Cultivated Wall Street’s Giants (SMH)

In November 2018 Peter Navarro, the White House trade adviser who at the time was intimately involved in President Trump’s trade war with Beijing, launched a scathing attack on what he called the “globalist billionaires” of Wall Street. He accused the “self-appointed group of Wall Street bankers and hedge fund managers” of engaging in their own “shuttle diplomacy” with the Chinese side and attempting to sabotage US trade negotiations by putting enormous pressure on the White House to give way to Beijing. Navarro further accused the financial elite of being “unregistered foreign agents” acting as part of Beijing’s influence operations in Washington. It was strong stuff, but was there any foundation to it?

Beijing has been working on Wall Street for a long time. When Prime Minister Zhu Rongji visited the United States in 1999, he holed up in New York’s Astoria Hotel and spent days in back-to-back meetings with business leaders. “Zhu seems never to tire of courting Corporate America,” reported The New York Times. The titans of US finance have for decades been guiding the nation’s China policy. Whenever presidents Clinton, Bush or Obama threatened to take a tougher stance on China’s trade protectionism, currency manipulation or technology theft, Wall Street chiefs used their influence to persuade them to back off. And it was pressure from Wall Street that proved decisive in the Clinton White House’s decision to support China’s admission to the World Trade Organisation, despite China’s serial violation of trade rules.

Twenty years later, The New York Times was writing: “In Washington, on Wall Street and in corporate boardrooms, Beijing has used the country’s size and promise for decades to quell opposition and reward those who helped its rise.” Financial institutions have been Beijing’s most powerful advocates in Washington. The finance sector – the big banks, hedge funds and investment vehicles – is thus in the centre of the map of power in the US, and occupying pride of place is Goldman Sachs. No organisation has been more important to the CCP’s campaign to penetrate US elites, or more willing. For the CCP, titans of finance are easy targets, as there’s a concordance of interests.

Wall Street executives, anticipating an Eldorado when Beijing opens up its vast finance markets to foreigners, have been advising Chinese companies about which American companies to buy and lending them the money to do it, taking a cut from the sales. In the words of a senior White House official, “people who like making deals really like the Chinese Communist Party”. The CCP is pushing on an open door. But the alignment of interests may not be long term, as it’s Beijing’s intention to eventually make Shanghai the financial capital of the world, displacing New York and the City of London. As Lenin reputedly said: “The capitalists will sell us the rope with which we will hang them.”

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The markets gain a trillion on the responses to a few questions of 41,000 Americans. You get what you deserve.

The Truth About The May Jobs Report (Axios)

The responses of fewer than 41,000 people were used to determine a major part of last month’s U.S. unemployment rate, the Bureau of Labor Statistics tells Axios. That’s the lowest number in modern history and is one of many unusual developments in government data collection that have affected important readings for months. The surprises in May’s nonfarm payrolls report, which found there were only 21 million unemployed while 30 million Americans were collecting unemployment insurance benefits, were largely the result of oddities in data collection. A portion of the jobs report is determined by a household survey in which government workers interview people at their homes and determine whether any person over the age of 16 is “employed, unemployed, or not in the labor force” — the only three possible designations.

The coronavirus pandemic has “depressed” survey responses since March, as BLS stopped conducting in-person meetings, restricting its ability to reach new households, Julie Hatch Maxfield, BLS associate commissioner for employment and unemployment statistics, tells Axios. “The first month of the sample we get a lot of information and that sets up the whole thing going forward,” she says. This has taken the response rate from 82% in January to 73% in March to 67% in May. “Response rates probably will be depressed even when interviewers go back into the field,” Maxfield notes. In May, BLS identified 9 million people who had lost their jobs but were counted as “not in the labor force” rather than unemployed because they hadn’t been searching for a job in the last four weeks due to the pandemic.

If those people were considered unemployed it would have taken the unemployment rate to 17.9%. A similar calculation would have put the unemployment rate at 19.8% in April and 7.5% in March, BLS says in a report about the coronavirus pandemic’s impact on its data. A separate “misclassification error” categorized millions of workers who had been absent and likely lost their jobs as employed. Additionally, workers who were paid by their employer for any part of the pay period including the 12th of the month were counted as employed, even if they weren’t actually at their jobs.

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Too much power. Take it away.

Twitter Reinstates Zerohedge After Admitting It Made An “Error” (ZH)

133 days after Twitter “permanently” banned Zero Hedge on January 31, the social network has reinstated us after admitting it made an error. As a reminder, what happened in late January was confusing. Shortly after we asked if “This [Is] The Man Behind The Global Coronavirus Pandemic”, referring to Wuhan Institute Of Virology scientist Peng Zhou (who three months later was being investigated by western spy agencies for his role in creating Covid) and some low-grade “reporter” from Buzzfeed decided to report us to Twitter for “doxxing” Zhou using publicly available information, Twitter told us that the account had been suspended for “violating Twitter rules against abuse and harassment”, which was false as we neither incited abuse nor harrassment, but merely asked questions.

But the confusing part is that at the same time, Twitter fabricated an entirely different explanation for its decision when speaking to outside media, telling them the suspension was due to “platform manipulation” – whatever that means. An odd mix of conflicting explanations but in any case, neither was true as we said at the time, and as we further told Bloomberg, the suspension was “unjustified, and likely motivated by reasons other than the stated ones” adding that “we are confident that we did not violate any of the stated Twitter terms: we neither incited harassment, nor did we ‘dox’ the public official, whose contact information is as of this moment listed on the Wuhan institute’s website.”

Fast forward to late Friday night, when unexpectedly we received a brief email from Twitter Support informing us that “we made an error in our enforcement action” as a result of which “we have unsuspended your account.” Speaking to Bloomberg, a Twitter spokesperson said that “we made an error in our enforcement action in this case. Based on additional context from the account holder in appeal, we have reinstated the account. We have a dedicated appeals process for all account holders.” Funny how mistakes happen when you ban first and ask questions later (and only when prompted to do so). In any case, no bad blood right – honest mistake? Well, not really: before all this happened, none other than Twitter’s CEO was following us.

Not anymore. The @zerohedge account also remains highly shadow banned (try searching for the actual zerohedge account on twitter, good luck), perhaps as an innocuous consequence of the “error.” That’s OK though, we never expected an apology. We are just glad that we will be able to share facts and perspectives with our now 700K Twitter followers, a number which has spiked by more than 30K in just the past few hours since the suspension was overturned.

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The Flynn hearing ended in a delay, but these wheels will churn on.

Finishing Touches Being Put On 10 New Criminal Referrals in Russia Probe (JTN)

Congressional Republicans are putting the finishing touches on as many as 10 new criminal referrals asking the Justice Department to investigate key figures in the Russia probe for misconduct ranging from perjury to illegal leaking of classified information, officials told Just the News. The referrals have been spurred by recently declassified evidence that provided explosive new revelations about the conduct of investigators in the now-disproven Russia collusion case, including documents showing FBI agents planned to shut down their investigation of former Trump National Security Adviser Michael Flynn for lack of evidence in January 2017 before they were overruled by superiors.

Other newly released evidence showed numerous Obama administration officials engaged in unmasking Flynn’s name in secret intelligence intercepts during the transition period after the 2016 election and uncovered conflicts in testimonies previously given by former top FBI and intelligence community officials. “Congress is days away from making multiple criminal referrals to DOJ related to conspiracies against Michael Flynn, crimes committed during the conduct of Crossfire Hurricane, false testimony to Congress by top Obama officials, and criminal leaks of classified information from the top rung of the IC,” said a source with direct knowledge of the referrals. The planned referrals come as the Justice Department has expanded its own criminal investigation into the conduct of current and former employees during the Russia probe.

Attorney General William Barr said this week the investigation is looking at why the FBI tried so aggressively to open and sustain an investigation into Trump’s campaign before the 2016 election when it lacked the sort of evidence to justify it, and whether those efforts amounted to conspiracy to defraud the courts or violate the rights of some of the Americans that were targeted. “I think before the election I think we were concerned about the motive, the force behind the very aggressive investigation that was launched into the Trump Campaign without — you know, with a very thin, slender reed as a basis for it,” Barr told Fox News. “It seemed that the Bureau was sort of spring-loaded at the end of July to drive in there and investigate a campaign. And they — there really wasn’t much there to do that on.”

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Julian is not completely shut off from the world. Good.

Julian Assange Just Called (Varoufakis)

Julian called me a little earlier on, at 14.22 London time to be precise. From Belmarsh High Security Prison of course. This is not the first time but, as you can imagine, every time I hear his voice I feel honoured and moved that he should dial my number when he has such few and far between opportunities to place calls. “I want a perspective on world developments out there – I have none in here”, he said. Which, of course, placed a considerable burden on me to articulate thoughts on capitalism’s fate during this pandemic and the repercussions of it all on politics, geopolitics etc. The knowledge that Her Majesty’s Prison authorities would discontinue our discussion at any moment made the task harder.

In a feeble attempt to paint a picture for him on as broad a canvass as possible, I shared with Julian my main thought of the last weeks: Never before has the world of money (i.e. the money markets, that include the share markets) been so decoupled from the world of real people, real stuff – from the real economy. We watch in awe as GDP, personal incomes, wages, company revenues, businesses small and large, collapse while the stock market is staying relatively unscathed. The other day, Hertz declared bankruptcy. When a company does this, its share price goes to zero. Not now. In fact, Hertz is about to issue $1 billion worth of new shares. Why would anyone buy shares of an officially bankrupt company?

The answer is: Because central banks print mountain ranges of money and give it for almost free to financiers to buy any piece of junk floating around the stock exchange. “Complete zombification of the corporations”, is how I put it to Julian. Julian commented that this proves that governments and central banks can keep corporations afloat even when they sell next to nothing at the marketplace. I agreed. But, I also pointed out a major conundrum that capitalism faces for the first time. It is this: Central bank money printing keeps asset prices very high while the price of ‘stuff’ and wages fall. This disconnect can go on growing.

But, when Hertz, British Airways etc. can survive in this manner, they have no reason not to fire half the workforce and to cut the wages of the other half. This creates more deflation/depression in the real economy. Which means that the Central Banks must print more and more to keep asset and share prices high. At some point, the masses out there will rebel and governments will be under pressure to divert some income to them. But this will deflate asset prices. At that point, because these assets are used by corporations as collateral for all the loans they take out to stay afloat, they will lose access to liquidity. A sequence of corporate failures will commence under circumstances of stagnation. “I don’t think capitalism can easily survive, at least not without huge social and geopolitical conflicts, this conundrum”, was my conclusion.

Julian thought about this for a moment and asked me: “How important is consumption to capitalism? What percentage of GDP is at stake if consumption does not recover? Do the corporations need workers or customers?” I answered that it was high enough to make this conundrum real. Yes, Central Banks and robots can keep the corporations going without customers or workers. But, robots cannot buy the stuff they produce. So, this is not a stable equilibrium. The losses in people’s incomes will accelerate, thus generating pivotal discontent.

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Jan 292020
 


Marion Post Wolcott Main Street. Sheridan, Wyoming 1941

 

Number Of Coronavirus Cases Surpasses SARS (ZH)
Coronavirus May Disrupt Apple’s iPhone Production Ramp Up (R.)
White House Tells Airlines It May Suspend All China-US Flights (CNBC)
British Airways Suspends All Direct Flights To And From Mainland China (BBC)
China Boom Exposes Airlines To Coronavirus Risk (R.)
Viewers Choose Day Time Soaps Over The Impeachment Trial (Turley)
Democrats’ Dubious Impeachment Subtext of Treason (Michael Tracey)
Shoot Article II and Call The Witnesses (Turley)
Trump and Netanyahu Dictate Terms of Palestinian Surrender (IC)
Israel Will Now Officially Become an Apartheid State (Lauria)
Hamas Calls Trump’s Mideast Plan ‘Aggressive’ (RT)
Brexit Britain To Outperform Brussels As ‘Ineffective’ Bloc Gamble Backfires (Exp.)
Human Rights Report To Oppose Extradition Of Julian Assange To US (G.)
Democratic Super PAC Ad Targets Bernie Sanders, Mentions Heart Attack (Hill)
No Points For Saying Anything Good About Russia – Stephen Cohen (RT)

 

 

First, we’re getting into faulty territory as far as terminology is concerned. We can call the current virus, “coronavirus”, and I have as well, but we can’t say things like “Number Of Coronavirus Cases Surpasses SARS”, because SARS is also a coronavirus, like MERS. They belong to the same “family”. The current virus is officially called “2019-nCOV”. Not too catchy. Perhaps “Wuhan coronavirus” is a good compromise, but that’s long. Here’s why they have that name:

 


Coronavirus under electron microscope

 

At dawn Beijing time, the latest numbers came out, and they said 131 deaths, which would have been another increase of 25, the third day in a row. later it was raised to 132. So over the past 5 days we have increases of 15, 15, 25, 25 and 26.

60,000 people are under observation, 20,000 of which in Hubei. 263 cases are deemed “severe.” Today was the first time that more new cases were reported outside of Hubei province than inside it. It was also the first time that the numbers of increases was over 1,000 (I’ve seen that called a tipping point). There are 19 countries that have reported cases: China, United States, France, Japan, South Korea, Taiwan, Singapore, Thailand, Australia, Nepal, Vietnam, Hong Kong, Macau, Malaysia, Canada, Cambodia, Sri Lanka, Germany, UAE.

A remarkable stsatement came from Zhong Nanshan, a respiratory diseases expert, who said the outbreak hasn’t yet reached its peak, though he thinks the number of new cases will plateau within the next ten days.

But that is very different from what HKU’s faculty of medicine dean Gabriel Leung says. Does Zhong do Beijing damage control? Or will the epidemic fizzle out within a week?

SARS reached its peak after 4-5 months. The episode lasted 9 months. The “2019-nCOV” “Wuhan coronavirus” has already infected more people in one month than SARS during its entire episode.

Leung said his team’s research showed self-sustaining human-to-human transmission was already happening in all major mainland cities and warned that a pandemic might be close. “We have to be prepared, that this particular epidemic may be about to become a global epidemic,” he said. The team’s model predicted the number of infections in five mainland megacities – Beijing, Shanghai, Guangzhou, Shenzhen and Chongqing – would peak between late April and early May.


At the height of the epidemic, as many as 150,000 new cases would be confirmed every day in Chongqing, because of its large population coupled with intense travel volume with Wuhan. But Leung added that their projections could be too pessimistic as they only took into account lockdown measures in Wuhan and not other health intervention policies.

Compare with Fibonacci:

 


Fibonacci

 

 

Already more cases than during 9 months of SARS.

Number Of Coronavirus Cases Surpasses SARS (ZH)

It’s only 8:15 am in Beijing and health officials have already confirmed more than 840 new cases in Hubei Province. That brings the toll to 6,049, including 263 cases deemed “severe.” The death toll has climbed to 132, according to SCMP. Those who have been closely comparing this outbreak with the 2003 SARS outbreak may notice that the coronavirus has achieved an important milestone. Barely a week into global response to the outbreak, the number of confirmed cases has already passed the number of SARS cases reported during the entire monthslong ordeal. Sars infected 5,327 people in mainland China in nine months and killed 349 people, according to the World Health Organisation (WHO).


Another 60k people are said to be under observation across China, with 20k in Hubei alone. Zhong Nanshan, a respiratory diseases expert who spoke with the SCMP on Tuesday, the outbreak hasn’t yet reached its peak, though he thinks the number of new cases will plateau within the next ten days. Back in the US, the Trump Administration is denying reports that it’s considering a total ban on passenger travel between the US and China. Will the fact that the coronavirus has already surpassed SARS – and is on track to achieve some of the more dire projections shared by epidemiologists – shake the market’s confidence? Or will a few soothing words from Jerome Powell save the day?

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Airlines don’t fly. Borders are closing. What will happen to business? Will we keep importing Chinese products? Will they still export?

Tourism in EU and US will be hit very hard.

But Apple was doing so well, up 86% in 2019. “Apple has bought back $319 billion in stock over the past 7 years, which is greater than the market cap of 490 companies in the S&P 500.”

Coronavirus May Disrupt Apple’s iPhone Production Ramp Up (R.)

Apple’s plan to ramp up iPhone production by 10% in the first half of this year may hit a roadblock as the coronavirus outbreak spreads across China, the Nikkei Asian Review reported on Tuesday. The company has asked its suppliers, many of whom have manufacturing centers in China, to make up to 80 million iPhones in the first half of 2020, the Nikkei reported, citing people familiar with the company’s plans. Apple has booked orders for up to 65 million of its older iPhones and up to 15 million units of a new cut-price model that it plans to unveil in March, according to the report. However, the mass production which is due to start in the third week of February might be delayed due to the virus outbreak, the Nikkei reported.


The coronavirus outbreak has so far killed more than 100 people and infected over 4,500 in China, stranded tens of millions during the Lunar New Year holiday and rattled global markets. Apple’s shares rose about 86% in 2019, outperforming a 29% rise in the S&P 500 index. The stock closed down nearly 3% at $308.95 on Monday as coronavirus fears dragged down high-flying U.S. chip and technology stocks. Cupertino, California-based Apple, which raked in more than $142 billion in iPhone sales in fiscal 2019, has introduced lower priced smartphone variants to woo budget conscious shoppers and check declining sales of its biggest product category.

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They will regret not having done it already. Note: this concerns flights to all of China, not just Wuhan.

White House Tells Airlines It May Suspend All China-US Flights (CNBC)

White House officials have told U.S. airlines the Trump administration is considering suspending flights from China to the U.S. amid an escalating outbreak of a new coronavirus that has infected thousands of people across the world, people familiar with the matter said. The Trump administration is looking at a variety of measures to contain the fast-spreading virus, U.S. health officials told reporters on a conference call Tuesday. White House officials called executives at major U.S. carriers on Tuesday, telling them that a temporary ban on China flights is on the table, according to people familiar with those conversations. As of Tuesday evening, the Trump administration had not taken that step and there was no guarantee that it would do so.


Two of the people said the White House told them it doesn’t immediately plan to ban China air travel, but administration officials are constantly evaluating the situation. United Airlines, which has the most service of the U.S. airlines to Hong Kong and mainland China with about a dozen daily flights, on Tuesday announced it would cancel dozens of flights next month to Hong Kong and mainland China as the outbreak worsens. The Chicago-based airline said it has experienced a “significant decline in demand for travel to China.” United and its rivals Delta and American are waiving cancellation and change fees for travelers booked to China.

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More will follow. No choice. No customers.

British Airways Suspends All Direct Flights To And From Mainland China (BBC)

British Airways has suspended all direct flights to and from mainland China because of the coronavirus outbreak, the airline has said. It comes after the UK Foreign Office advised against all but essential travel to the country. The virus has caused more than 100 deaths, spreading across China and to at least 16 other countries. Hundreds of foreign nationals have been evacuated from the city of Wuhan, the centre of the outbreak. The UK government is arranging to evacuate Britons from Wuhan and the surrounding Hubei province, with up to 300 British people thought to be in the area. Australia plans to quarantine its 600 returning citizens for two weeks on Christmas Island – some 2,000km (1,200 miles) from the mainland. Japan, the US and other EU countries are also repatriating their citizens.

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Boeing can’t catch a break. They don’t deserve one.

China Boom Exposes Airlines To Coronavirus Risk (R.)

Margins at many carriers remain narrow, economic growth has been fragile amid a U.S.-China trade war and there are fears that the return of the 737 MAX, expected mid-year, could lead to overcapacity and push down fares. Airbus and Boeing orders have fallen from the peak levels of 2013 and 2014. The epidemic is particularly concerning to the industry because China is the world’s biggest outbound international travel market and the second-largest domestic aviation market. The country accounts for about 25% of global sales for airplane manufacturers Airbus and Boeing. About 450 million more passengers fly to, from and within China per year compared with a decade ago, according to the IATA.


For Chinese airlines, the biggest of which are state-backed, the impact of the new coronavirus has been swift. On Wednesday, 23% of departures from Shanghai Hongqiao airport had been canceled, according to FlightRadar24, compared with 8% at the more internationally focused Shanghai Pudong airport. Mike Boyd, head of U.S.-based aviation consultancy Boyd Group International, said that he had forecast airport traffic in China to rise 8.1% in 2020, but that he now sees traffic growing at less than half that rate. “It is a real slam,” he said. Cathay Pacific, already battered by a fall in demand because of anti-government protests in its home market of Hong Kong, said on Tuesday evening it would cut flights to mainland China by 50% or more through the end of March.

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“For viewers, the result is the equivalent to watching professional wrestling with the same fake matches but without the thrill of an occasional pile driver.”

Viewers Choose Day Time Soaps Over The Impeachment Trial (Turley)

In the 1960s, many of the Senators heard the anti-war slogan of “what if they held a war and nobody came?” This week, they finally learned the answer . . . at least in holding an impeachment. Senators have expressed surprise at the empty seats in the Senate gallery. Sen. James Inhofe (R-Okla.) said he was “really surprised . . . because this is kind of historic.” It is but the members are increasingly making history alone. Not only are spectators sparse, but the television audience has been declining to the point that, by the second day, the networks quickly switched over to shows in greater demand like The Young and The Restless.

Of course, there was a time when impeachment actually involved real trials. The trial of Andrew Johnson had dozens of witnesses. While the rage and partisanship was if anything greater in 1868, the trial itself was more substantive and deliberative. The Clinton trial abandoned that model at the insistence of Democrats like Sen. Chuck Schumer (D., N.Y.) who opposed any witnesses and even wanted a summary vote without a trial. Only three depositions were allowed and then live testimony was blocked. For viewers, the result is the equivalent to watching professional wrestling with the same fake matches but without the thrill of an occasional pile driver. If the two teams are going to pretend to have a match, Schiff could at least pretend to hit Sekulow with a chair. The game – and ratings – changer may be the chance of witnesses which increased with the leaking of the material from the book of John Bolton.

While a Bolton appearance might “jump the shark” like Happy Days, it would add precisely what is missing in his ratings flop: drama. The size of the viewing audience should not matter, but it does because there is no real effort to try this case to a verdict. The arguments are tailored for public consumption, not jury deliberation. Edward R. Morrow once noted that “If we were to do the Second Coming of Christ in color for a full hour, there would be a considerable number of stations which would decline to carry it on the grounds that a Western or a quiz show would be more profitable.” This is not the Second Coming. It is more like the hundredth retelling the same scripted narrative. That is why viewers prefer to see how Pamela on The Bold and the Beautiful is going to kill Donna in the cabin while a bear is circling outside. Why? Because they do not know who will win: Pamela, Donna, or the bear. Now that is a drama.

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Fast and loose with terminology. Not a great idea for lawmakers.

Democrats’ Dubious Impeachment Subtext of Treason (Michael Tracey)

Less than 72 hours before Donald Trump was impeached last month, the House Judiciary Committee released a behemoth 658-page report outlining the rationale for the final articles produced by the Democratic majority. It would be interesting to conduct a secret ballot asking members of Congress — and indeed, members of the media — to confide whether they actually read the report before the vote took place. [..] Even if the Senate trial fails to result in a conviction (as is exceedingly likely) the long-term implications of what the House of Representatives has already ratified by way of its impeachment vote in December are highly ominous. For instance — and the fact that this has been overlooked is especially mind-blowing — the first article alleges that Trump “betrayed the Nation.” Grave stuff.

No president has ever been impeached for “betraying the Nation” before. What does this mean, exactly? The Judiciary Committee report helpfully provides a definition of the relevant terms. In a section describing what they believe constitutes “impeachable treason,” the Democratic majority writes, “At the very heart of ‘Treason’ is deliberate betrayal of the nation and its security.” There’s that phrase: “betrayal of the nation.” According to the drafters of the impeachment articles, then, Trump has been effectively impeached for treason — except the drafters presumably recognized that inserting the word “treason” in the actual text might prove a tad controversial. So instead they just heavily insinuate it, and confirm that they are charging the president with treason in supporting materials that few will ever read.

“Such betrayal would not only be unforgivable,” the report’s explication of treason reads, “but would also confirm that the President remains a threat if allowed to remain in office. A President who has knowingly betrayed national security is a President who will do so again. He endangers our lives and those of our allies.” This language is then imported into the impeachment articles almost verbatim: “Wherefore President Trump, by such conduct, has demonstrated that he will remain a threat to national security and the Constitution if allowed to remain in office.” So let’s be clear on what was done here. The Democrats set forth a definition of treason in their lengthy impeachment report, and then inserted that same definition into the final impeachment articles — except without using the actual word “treason” in the text.

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A.k.a. Call Article II and Shoot The Witnesses.

Shoot Article II and Call The Witnesses (Turley)

Famed economist John Kenneth Galbraith once described politics as “the art of choosing between the disastrous and the unpalatable.” Those words could not more aptly describe the choice now facing the House managers who lost this case before it began. Not because of the Republican majority but because of its own historic blunder in rushing the impeachment forward on an incomplete record. It now must make a choice between the disastrous in simply staying the course to certain acquittal or the unpalatable in admitting the blunder and offering a compromise. Thus far, the suggestions of a compromise has centered on an unlikely horse trade of a witness like former National Security Adviser John Bolton for Hunter Biden.

However, such a compromise does not address the separate institutional concern of some senators, which likely includes the four swing senators. For them, the threshold issue is not the inclusion of witnesses in the Senate but their omission by the House. This week, a key Republican senator, Lisa Murkowski (R., Alaska), indicated that she was not inclined to call witnesses that the House failed to pursue in its rushed vote. The decision is now with the House managers. They can either just grab the face time on national television or they can move to deal with its blunder and try to resuscitate this case. It might be able to do so but it will have to offer more than a witness swap.

A better compromise might be found in the two articles themselves. To put it simply, it may be time to dismiss Article 2. The obstruction of Congress article was dead on arrival but its dismissal could allow the Senate to go on the record in opposition to the House handling of this impeachment. It just might be enough to open a path for witnesses on Article 1 and abuse of power. The House destroyed any chance for an obstruction article when made an impeachment by Christmas its overriding priority despite warnings that it would effectively hand over an incomplete case to not just the other house but the opposing party.

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The UN should scrap its articles on self-determination in protest.

Trump and Netanyahu Dictate Terms of Palestinian Surrender (IC)

Flanked by Israeli Prime Minister Benjamin Netanyahu but no Palestinian leader, President Donald Trump unveiled “a vision for peace” in the Middle East on Tuesday which permits Israel to annex much of the occupied West Bank immediately, offering the Palestinians only local control in isolated Bantustans surrounded by Israeli territory. As many Israeli political observers noted, the timing of the announcement, just hours after Netanyahu was indicted on corruption charges in Jerusalem, looked like an effort to boost the prime minister’s bid to win reelection in March, his best hope for avoiding prison.

The release of the 180-page plan — which was drafted by aides to Jared Kushner, Trump’s son-in-law and an old family friend of Netanyahu — was staged as a celebration, and acted as a dual campaign rally, with the American president and the Israeli prime minister boasting of all they had achieved for Israel to a room filled with far-right supporters of the Jewish state, including Sheldon Adelson, the Republican and Likud megadonor who spent millions of dollars to elect both leaders. Trump, who intervened in a previous Israeli election campaigns on Netanyahu’s behalf — by recognizing Israel’s annexation of the Golan Heights last year — gave the embattled prime minister a podium at the White House to detail conditions imposed on the Palestinians which sounded like terms of surrender.

To start with, Netanyahu said, the Palestinians would be required to recognize Israel as a Jewish state, cede the entire Jordan Valley, disarm Hamas, and abandon the hope for both the return of refugees who fled homes in what is now Israel and for a capital in Jerusalem’s Old City. [..] Crisis Group analyst Tareq Baconi observed, “The plan sets out parameters that are impossible for Palestinians to accept, and effectively provides Israel with a blueprint to sustain the one-state reality that exists on the ground.” That sentiment was echoed by Hagai El-Ad, the executive director of B’Tselem, an Israeli rights group that monitors the occupation. “What the Palestinians are being ‘offered’ now is not rights or a state, but a permanent state of Apartheid. No amount of marketing can erase this disgrace or blur the facts,”

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An invitation for violence.

Israel Will Now Officially Become an Apartheid State (Lauria)

Within hours of the so-called Trump peace plan on the Palestine-Israel question being revealed on Tuesday Israeli Prime Minister Benjamin Netanyahu said he would propose the first phase of West Bank annexation to the Israeli cabinet on Sunday. Netanyahu sprang into action after the plan, which he essentially created, was unveiled by Trump with Netanyahu at his side at the White House. It was the final piece of a strategy that only a U.S. administration as slavishly pro-Israel as Trump’s could give Netanyahu. First the Israeli prime minister got the U.S. on Dec. 6, 2017 to recognize all of Jerusalem, including Arab East Jerusalem, as Israel’s capital with the move of the U.S. embassy there, something every previous U.S. administration had refused to do. Then on March 25, 2019 Trump recognized Israel’s illegal 1981 annexation of Syria’s Golan Heights.


Just three months ago Secretary of State Mike Pompeo declared expanding Israeli colonies on the West Bank as legal, a violation of the 4th Geneva Convention, which says: “The Occupying Power shall not deport or transfer parts of its own civilian population into the territory it occupies.” The last piece Netanyahu needed was Tuesday’s much-awaited “peace plan” from the most anti-Palestinian administration in U.S. history. Even The New York Times‘ coverage admitted the plan was strongly biased towards Israel and that Netanyahu was in on the secretive plan all along. The operation was run by Trump’s son-in-law, Jared Kushner, whose family are close personal friends with Netanyahu. It is a plan being imposed on the Palestinians rather than arising out of Palestinian-Israeli negotiations as past U.S. administrations tried to do.

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“Trump’s statement is aggressive and it will spark a lot of anger…”

Hamas Calls Trump’s Mideast Plan ‘Aggressive’ (RT)

Hamas has brushed off US President Donald Trump’s proposal on Jerusalem as “nonsense.” The group rejected his peace plan altogether by calling his statement “aggressive,” adding that it would only spark “anger.” “Trump’s statement is aggressive and it will spark a lot of anger,” Hamas official Sami Abu Zuhri told Reuters. Zuhri particularly slammed the US leader’s proposal on the future of Jerusalem, calling it “nonsense.” He added that the city will always be a land for the Palestinians, and that they would oppose Trump’s deal. Zuhri particularly slammed the US leader’s proposal on the future of Jerusalem, calling it “nonsense.”


He added that the city “will always be a land for the Palestinians”, and that they would oppose Trump’s deal. Trump’s speech contained conflicting messages, with him first declaring that Jerusalem would be Israel’s “undivided” capital, only to then say that Eastern Jerusalem will be turned into the capital of a newly formed Palestinian state if Palestinians accept his deal. He even vowed to open a US embassy there.

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Says Steve Keen. Not sure I would agree. For this to happen, Britain being successful, Boris would need to create some kind of unity in the country that does not today exist. But he’s much more likely to create more austerity, and divide it even more.

Brexit Britain To Outperform Brussels As ‘Ineffective’ Bloc Gamble Backfires (Exp.)

The European Union and Britain are expected to begin trade talks once EU leaders agree on a mandate in the weeks after Brexit on January 31, 2020. Irish Prime Minister Leo Varadkar on Monday insisted the EU27 will hold the cards in the negotiations but economist Steve Keen said the bloc is likely to avoid any new “gambit” to secure an agreement and avoid the fall out of Britain leaving the EU. Speaking to RT News, Mr Keen said: “The whole reason the European Union was doing this ever since the Brexit vote is because they were trying to stop the vote going ahead. “Now, with Boris’ success in the election, they know that particular gamble is no longer workable, they have to make some sort of arrangement over the long-term.


“And they’ve got the hope the UK does worse and pleads to come back into the fold sometime down the track.” Mr Keen continued: “But I think that’s wishful thinking. “The European Union is a very poorly designed, ineffective trade bloc and it’s likely to do less well rather than better than the UK over time.” Speaking to the BBC, Irish Taoiseach Varadkar insisted the size of the European Union will play a significant role when the time comes to strike a Brexit trade deal with the United Kingdom in the coming months. Mr Varadkar said: “I think the reality of the situation is that the European Union is a union of 27 member states. “The UK is only one country. And we have a population and a market of 450 million people. The UK, it’s about 60. “So if these were two teams up against each other playing football, who do you think has the stronger team? So long as we’re united.”

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Why would Britain feel compelled to listen to the Council of Europe’s parliamentary arm? They’re leaving the EU in 2days.

Human Rights Report To Oppose Extradition Of Julian Assange To US (G.)

Julian Assange’s detention “sets a dangerous precedent for journalists”, according to politicians from the Council of Europe’s parliamentary arm, who voted on Tuesday to oppose the WikiLeaks founder’s extradition to the US. The words of support for Assange and implicit criticism of the UK government will be contained in a final report produced by the Labour peer Lord Foulkes for the Parliamentary Assembly of the Council of Europe, which focuses on upholding human rights across the continent. Assange is being held in London’s Belmarsh prison prior to an extradition hearing that will begin in February. A US grand jury has indicted him on 18 charges – 17 of which fall under the Espionage Act – around conspiracy to receive, obtaining and disclosing classified diplomatic and military documents.

Foulkes had drafted an initial report – Threats to Media Freedom and Journalists’ Security in Europe – that will now contain amendments referring to Assange tabled by a number of European parliamentarians. One of the amendments backs the recommendation of the UN special rapporteur on torture who called last year for Assange’s release and for extradition to the United States to be blocked. The other states that his possible extradition to the US “would set a precedent and threaten journalists’ freedoms in all member states”.

Foulkes told the Guardian that campaigners and supporters of Assange had written to him while he was writing the report, which addresses media freedoms and threats to journalists in countries including Russia, Turkey and Malta, and asked that he consider including an amendment mentioning Assange. As a rapporteur for the assembly, he said it was not his role to do so but that colleagues from other states had done so. He added: “I was in favour of him being sent back to Sweden when there were allegations against him to face that, but as far as the US is concerned I think there would be deep concerns if he were to be sent there.”

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The Democratic Majority for Israel PAC. Let’s get uglier.

Democratic Super PAC Ad Targets Bernie Sanders, Mentions Heart Attack (Hill)

A Democratic super PAC is expected to release a new ad campaign Wednesday that targets Sen. Bernie Sanders (I-Vt.) and the heart attack that he suffered late last year. The ad from Democratic Majority for Israel features six Iowa voters and argues Sanders would be unable to beat President Trump in November, The New York Times reported. “I like Bernie, I think he has great ideas, but in Michigan, Pennsylvania, Iowa, they’re just not going to vote for a socialist,” a male voter says in the ad, according to the Times. “I just don’t think Bernie can beat Trump.” Another voter highlights the heart attack that Sanders, 78, suffered while on the campaign trail in Las Vegas at the beginning of October.


“I do have some concerns about Bernie Sanders’s health considering the fact that he did have a heart attack,” the person says, according to the newspaper. PAC president Mark Mellman told the publication that the goal of the ad is to highlight concerns that some Democratic voters have about Sanders’s electability, asserting the senator was in a “uniquely bad position” to defeat Trump. “For many months people were saying he really didn’t have much of a chance, but you have to look at the data now and say he does have a realistic chance of winning Iowa and potentially the nomination,” he said. “This is the point at which there could be room for someone else to make their case and have a better candidate emerge.”

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I don’t think Schiff “misunderstands” Russia or Putin. I think he wants war. And Trump won’t deliver.

No Points For Saying Anything Good About Russia – Stephen Cohen (RT)

US Congress heavyweights like Adam Schiff deeply misunderstand Russia but keep on bashing Moscow because it has become “politically advantageous” in Washington, Russia researcher Stephen Cohen said. “Being highly-critical of Russia is good politics in the United States,” Cohen, professor emeritus of Russian studies at New York University and Princeton University, told the Grayzone’s Aaron Mate in an interview, uploaded online on Monday. “Nobody ever gets any points for saying anything good about Russia – and only rarely for advocating any kind of partnership with Russia.” Cohen said that “politically it’s advantageous to a lot of people to bash Russia,” and even some of the “progressive” Democratic Party candidates in the 2020 presidential race employ rhetoric, which is hostile toward Moscow.


“It has become an American way of life to blame Russia when things go wrong. Of course, sometimes Russia is to blame, but not all the time. And yet that’s become part of our discourse.” The US Democratic Party’s lead impeachment manager, Representative Adam Schiff, has invoked Russia a lot during the trial in the Senate. Democrats want to oust President Donald Trump because they believe he briefly suspended military aid to Ukraine while trying to pressure Kiev into investigating the dealings of his chief 2020 rival, former Vice President Joe Biden and his son Hunter. Sending weapons to Ukraine serves America’s “abiding interest in stemming Russian expansionism,” Schiff argued.

Cohen, however, said that shipping weapons to Kiev would effectively amount to the US turning its back on Ukrainian leader Volodymyr Zelensky’s efforts to resolve the conflict with Russia through peaceful means. Instead, he thinks Washington should focus on encouraging the neighbors to negotiate. “If Zelensky had full American backing for his peace talks with Putin – that would help him a lot.” Speaking on the Senate floor, Schiff accused Moscow of trying to undermine the faith in democracy and government institutions around the globe. Cohen argued that the congressman misunderstands what Russian President Vladimir Putin actually “sees as his own historical mission,” and it is almost the opposite of what Schiff attributes to him.

According to the researcher, Putin’s chief ambition is “to rebuild Russia from the disaster into which it fell in the 1990s” after the collapse of the Soviet Union. “The last thing Putin wants is instability. He’s trying to build economy at home and economic relations with countries abroad because he sees that as a way to modernize Russia.” Speaking on the Senate floor, Schiff accused Moscow of trying to undermine the faith in democracy and government institutions around the globe. Cohen argued that the congressman misunderstands what Russian President Vladimir Putin actually “sees as his own historical mission,” and it is almost the opposite of what Schiff attributes to him.

According to the researcher, Putin’s chief ambition is “to rebuild Russia from the disaster into which it fell in the 1990s” after the collapse of the Soviet Union. The last thing Putin wants is instability. He’s trying to build economy at home and economic relations with countries abroad because he sees that as a way to modernize Russia.

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