Jan 122020
 


Dorothea Lange Crossroads grocery store and filling station, Yakima, Washington, Sumac Park 1939

 

China Wants To Save Iran Nuclear Deal As It Leaves Their Oil Market Behind (F.)
Instagram Says It’s Removing Posts Supporting Soleimani (CNN)
Trump Administration Warns Iraq Could Lose New York Fed Account (CNBC)
Ukraine Tells Israel To Stay Out Of Debate About Nazi Collaborators (JTA)
Obama Campaign Guru: Trump Would Love To Run Against Bernie (Pol.)
Bernie Sanders Rips Biden Revisionist History On Iraq War Support (WE)
Revolving Door Shills On TV Need An ‘Outing’ (AC)
Australia’s Fires Pump Out More Emissions Than 100 Nations Combined (MIT)
Greta Thunberg Tells World Leaders To End Fossil Fuel ‘Madness’ (G.)
Anti-Terror Police Target School Climate Strikers (G.)
‘Like Sending Bees To War’: The Deadly Truth Behind Your Almond-Milk (G.)

 

 

No discussion of the Iran situation is worth a grain of salt if it doesn’t include Putin. He called for a conference on Lybia yesterday; Iran is (one of the) next. But yeah, of course China wants to add its two bits as well.

China Wants To Save Iran Nuclear Deal As It Leaves Their Oil Market Behind (F.)

China’s top foreign policy officials scolded President Trump’s January 3 hit on Iranian general Kassam Soleimani over the weekend, vowing to do what they could to keep nuclear weapons out of Iran’s hands. Geng Shuang, a spokesman for China’s foreign ministry, told the local press on Monday that Iran was basically “forced” to end its commitment to the Joint Comprehensive Plan of Action after the death of Soleimani by drone strike outside of a Baghdad airport last week. Geng said that by doing so, however, they would be in violation of their non-proliferation obligations. The South China Morning Post reported Geng saying that, “China will continue to maintain close communication and coordination with all related parties, and will take relentless efforts” to save the nuclear deal and avoid greater conflict in the Gulf.

The Iran nuclear deal was signed under then-president Barack Obama in the summer of 2015. But the deal has had its critics ever since, with some saying the U.S. was basically bribing Iran not to enrich uranium for nuclear weaponry. Iran has been fighting a proxy war with the United States and its allies since the fall of the Washington-backed Shah of Iran. Soleimani was a lead soldier in that fight, and has since climbed the ranks to lead the elite Quds Force. He was blamed by Washington for leading a militia attack on the U.S. Embassy in Baghdad on December 31. Brent crude oil prices rose to $70 in intraday trading on Monday morning, but have since fallen below $70. Texas crude is still pricing in the low $60s, up half a percent following a rash of pro-Iran militia attacks against U.S. facilities this weekend.

China’s Foreign Minister Wang Yi reportedly held telephone conversations on Saturday with the foreign ministers of Iran, Russia and France, reiterating that China would not back U.S. military strikes on Iran. China, France and Russia are permanent members of the United Nations Security Council. That body has a weapons ban on Iran in place since 2010, set to expire in October of this year. “China will continue to uphold an objective and just position,” Wang said, adding that China will help safeguard “peace and security in the (Persian) Gulf.” On Friday, China’s top diplomat, Yang Jiechi, spoke with Secretary of State Mike Pompeo and urged the U.S. not to start a regional war in the Middle East.

Last week, Russia’s Vedomosti business daily sourced an unnamed diplomat who surmised that Iran would retaliate by blocking free shipping through the Strait of Hormuz. The U.S. Energy Information Administration estimates that roughly 35% of all seaborne traded oil, or almost 20% of oil traded worldwide, goes through that Strait. The Strait curves through the coasts of Oman and Iran and is a key transit route for Saudi Arabian oil into China. China’s imports of Saudi oil have hit a record high of late due to sanctions on Iran and dwindling resources in Venezuela, making that body of water very important to Chinese oil supply. China imported 8.21 million tons of crude oil from Saudi Arabia in November, pushing the total volume for 11 months to a record 76.33 million tons. That’s up 53% from the same period in 2018, based on numbers crunched by Caixin Global..

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Don’t worry, the thought police has your back.

Instagram Says It’s Removing Posts Supporting Soleimani (CNN)

Instagram and its parent company Facebook are removing posts that voice support for slain Iranian commander Qassem Soleimani to comply with US sanctions, a Facebook spokesperson said in a statement to CNN Business Friday. The Iranian government has called for nationwide legal action against Instagram in protest, even creating a portal on a government website for the app’s users to submit examples of posts the company removed, Iranian state media reported. Instagram is one of the few western social media platforms that is not blocked in Iran. Facebook and Twitter are blocked but some Iranians access those sites using VPNs.


In a tweet, Iran’s government spokesperson, Ali Rabiei, called Instagram’s actions “undemocratic.” Instagram shut down Soleimani’s own account on the platform last April after the US government designated the Islamic Revolutionary Guard Corps (IRGC) a foreign terrorist organization. Soleimani was an IRGC commander. “We operate under US sanctions laws, including those related to the US government’s designation of the IRGC and its leadership,” a Facebook spokesperson said in a statement. Iranian soccer player Alireza Jahanbakhsh, who has a verified Instagram account, posted a photo of Soleimani after his death. Jahanbakhsh said Instagram had removed that post.

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Would almost like to see them try, but don’t think they will. Too many risks. Can’t just wave around the petrodollar; it’s not made of steel; we know because it’s getting rusty.

Trump Administration Warns Iraq Could Lose New York Fed Account (CNBC)

The Trump administration this week warned Iraq that it could lose access to its central bank account at the Federal Reserve Bank of New York if Baghdad expels American troops from the region, Iraqi officials told The Wall Street Journal. The State Department’s warning follows the U.S. airstrike that killed Maj. Gen. Qasem Soleimani, Iran’s top military commander and the face of the Islamic Republic’s interventions across the Middle East. The strike led to Iraq’s parliament voting to force out American troops — a move some officials argued would hurt Iraq — and a counterstrike by Iran on two bases housing U.S. troops in Iraq last week. Shutting down Iraq’s account at the Federal Reserve Bank of New York could be detrimental to its financial system.


The country puts its revenue from oil sales there, and takes out that money to pay government salaries and contracts. The Fed held almost $3 billion in overnight deposits at the close of 2018, according to the most recent financial statement from the Central Bank of Iraq. President Trump threatened to place economic sanctions on Iraq after parliament voted to request that Prime Minister Adel Abdul-Mahdi oust about 5,300 American troops. Those sanctions would also extend to Iran. The White House could also end waivers that allow Iraq to buy Iranian gas to fuel generators that supply a large portion of the country’s power, placing another pressure on the prime minister over addressing U.S. troops without enduring economic and financial loss. Mahdi has argued that forcing out American troops is the only way to avoid conflict in Iraq.

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Brought to you courtesy of John McCain and Victoria Nuland. This is America.

Ukraine Tells Israel To Stay Out Of Debate About Nazi Collaborators (JTA)

Ukraine’s ambassador to Israel has told Jerusalem to butt out of the debate about honoring of Nazi collaborators. Thursday’s intervention by Hennadii Nadolenko, head of Ukraine’s diplomatic mission in Tel Aviv, reflects an escalation in the disagreement between Israel and Ukraine over the issue. The subject is related to “internal issues of Ukrainian politics” and Israel’s protests about it are “counterproductive,” Nadolenko told Israeli diplomats, according to the news site Jewish.ru. Last week, Israel’s ambassador to Ukraine, Joel Lion, and his Polish counterpart Bartosz Cichocki wrote officials an open letter condemning the government-sponsored honoring of Stepan Bandera and Andryi Melnyk, two collaborators with the Third Reich.


The two have written on the subject before. In 2018, Lion wrote that he was shocked at an earlier act of veneration for Bandera, saying: “I cannot understand how the glorification of those directly involved in horrible anti-Semitic crimes helps fight anti-Semitism and xenophobia.” Ukrainian diplomats had previously refrained from commenting publicly about Lion’s protests. The veneration of Nazi collaborators, including killers of Jews, is a growing phenomenon in Eastern Europe, where many consider such individuals as heroes because they fought against Russian domination. But few of Lion’s counterparts in those countries have spoken out as forcefully and publicly on this issue.

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For Trump, it’s an easy campaign. Bernie is a socialist, Biden is a sleepy flip flop who blackmailed Ukraine, Warren is Pocahontas squared and a socialist, Buttigieg has a closet full of things he hasn’t yet outed, and nobody likes Bloomberg.

Obama Campaign Guru: Trump Would Love To Run Against Bernie (Pol.)

Barack Obama’s 2012 campaign manager is warning that Democrats would struggle in a general election against Donald Trump if Bernie Sanders is the nominee. In an interview with POLITICO, Jim Messina predicted that Trump would exploit Sanders’ stamp of socialism in battleground states needed to defeat Trump, keep control of the House and have a shot at winning the Senate. “If I were a campaign manager for Donald Trump and I look at the field, I would very much want to run against Bernie Sanders,” Messina said. “I think the contrast is the best. He can say, ‘I’m a business guy, the economy’s good and this guy’s a socialist.’ I think that contrast for Trump is likely one that he’d be excited about in a way that he wouldn’t be as excited about Biden or potentially Mayor Pete or some of the more Midwestern moderate candidates.”

This is not the first time Messina has questioned Sanders’ viability as a general election candidate. His latest remarks come amid Sanders’ first-place showing in the marquee Iowa Poll and as the Vermont senator‘s messaging has increasingly focused on his electability. Messina said he is not endorsing in the 2020 race. He recently attended a fundraiser for Biden in Irvine, Calif., he said, because his wife is a supporter of the former vice president. “From a general election perspective, socialism is not going to be what Democrats are going to want to defend,” Messina added.“If you’re the Democratic nominee for the Montana Senate race, you don’t want to spend the election talking about socialism.”

Messina is the latest Democrat to raise concerns about Sanders at the top of the ticket. Endangered House Democrats are coalescing around Biden because of concerns that Sanders or Elizabeth Warren could threaten their reelection hopes, POLITICO reported Saturday. [..] Sanders surged starting in late October after recovering from a heart attack and receiving a pivotal endorsement from New York Rep. Alexandria Ocasio-Cortez. For more than a week, Sanders has more directly attacked Joe Biden, the national top polling candidate, arguing the former vice president has too much “baggage” to win a general election. Sanders has argued the excitement behind his campaign and his steady dominance in grass-roots fundraising makes him the more electable candidate.

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From the Sanders campaign: “Jim Messina’s corporate clients include Google, Uber, AirBNB, a major private equity firm, a major airline that has been fighting its workers’ efforts to form a union, and Third Way, the Wall Street front group whose mission is to destroy the progressive movement.”

The campaign had set January 1st as the starting date for attacking rivals long ago.

Bernie Sanders Rips Biden Revisionist History On Iraq War Support (WE)

Bernie Sanders’s campaign ratcheted up its attacks on Joe Biden’s claim that he did not support the Iraq War nearly as soon as it started. “It is appalling that after 18 years Joe Biden still refuses to admit he was dead wrong on the Iraq War, the worst foreign policy blunder in modern American history,” Sanders senior adviser Jeff Weaver said in a statement Saturday. “Unlike 23 of his Senate colleagues who got it right, Biden made explicitly clear that he was voting for war, and even after the war started, he boasted that he didn’t regret it.” Biden voted for the Iraq War in 2002 while he was a Delaware senator, but he has claimed several times on the campaign trail that he opposed the effort “from the moment” the March 2003 invasion started.

The then-senator expressed support for the war, saying in July 2003 that he still thought the job was “doable.” In a Senate floor speech, Biden said, “I voted to go into Iraq, and I’d vote to do it again.” He later changed his position. As vice president, Biden oversaw the withdrawal of nearly 150,000 troops from Iraq in 2011, which many argue fueled the rise of the Islamic State. “Bernie Sanders saw the same information and had the judgment to vote against the Iraq War,” Weaver said. “That’s the kind of commander in chief we need — someone with the toughness and judgment to get those calls right, not someone who undermined Democratic opposition, enthusiastically supported a disastrous war, refuses to admit mistakes, and then tries to rewrite history.”

Foreign policy shot to prominence in the Democratic presidential field after President Trump ordered a strike that killed of Iranian Revolutionary Guard Quds Force leader Gen. Qassem Soleimani on Jan. 2, changing the landscape of Middle East policy. Sanders argued that the move puts the United States on the path to another war. Despite flaunting in Iowa last week that his supporters “have not heard me disparage any of the candidates,” Sanders has been increasing his attacks on the former vice president as the the Feb. 3 first-in-the-nation Iowa caucuses loom. “You know, Joe Biden has been on the floor of the Senate, talking about the need to cut Social Security or Medicare or Medicaid,” Sanders said in an interview on Monday. “Joe Biden pushed a bankruptcy bill, which has caused enormous financial problems for working families.”

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The worst of this relates to Clapper and Brennan’s Russiagate comments.

Revolving Door Shills On TV Need An ‘Outing’ (AC)

David Petraeus, Van Hipp, Jeh Johnson, John Negroponte (and these are just the ones featured in Fang’s piece)—all have ties to the Big 5 contracting companies like Lockheed Martin and Raytheon (whose stocks are soaring in response to recent events) and/or work for venture capital firms that invest in these companies. In fact, General Jack Keane, who is reportedly at the elbow of the president, advising him directly, while alternately appearing on FOX News to congratulate him after launching kinetic attacks like killing Gen. Soleimani, currently serves as a partner for such a firm (SCP Partners) and has worked for General Dynamics and Blackwater. [..] key here, according to Fang is this: “Many of the pundits who appeared on national television or were quoted in major publications to praise the president’s actions have undisclosed ties to the defense industry — the only domestic industry that stands to gain from increased violence.”


Whether they are not disclosing their ties to producers or the hosts don’t bother to mention it on air doesn’t matter. It’s called ethics and journalistic integrity. Due diligence. Honesty. None if it seems to be in evidence here. “It is imperative that viewers are aware when their news commentary is coming from someone with a financial incentive tied to the topic they’re coming on, especially when so many lives hang in the balance,” Gin Armstrong, who’s with the Public Accountability Initiative, told Fang. Quite right. This seems so simple, yet this practice of deception—and it is a deception—has been going on for decades. But that doesn’t mean we have to swallow it passively.

Think of all the damage that was done in the run-up to the Iraq War and after the invasion, when former military generals were cultivated by the Pentagon and delivered to the networks and cable shows as commentators for years, helping to sell the war and pacify public opinion when conditions on the ground went sour. The “Afghanistan Papers” revealed last month that hundreds of government officials and military officers knew for years that the war was lost and that the American people were being sold a bill of goods throughout the entire 18-year campaign. By their silence and complicity they served as enablers. How many of them have cycled through the revolving door to the private sector and have served as “experts” in any media capacity (authors, speechmakers, pundits) to promote those lies back to the American people? If they hadn’t, might there be more public pressure to end the war in Afghanistan and bring our troops home (14,000 still there) today?

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Tree-planting anyone?

Australia’s Fires Pump Out More Emissions Than 100 Nations Combined (MIT)

The wildfires raging along Australia’s eastern coast have already pumped around 400 million metric tons of carbon dioxide into the atmosphere, further fueling the climate change that’s already intensifying the nation’s fires. That’s more than the total combined annual emissions of the 116 lowest-emitting countries, and nine times the amount produced during California’s record-setting 2018 fire season. It also adds up to about three-quarters of Australia’s otherwise flattening greenhouse-gas emissions in 2019. And yet, 400 million tons isn’t an unprecedented amount nationwide at this point of the year in Australia, where summer bush fires are common, the fire season has been growing longer, and the number of days of “very high fire danger” is increasing.

Wildfires emissions topped 600 million tons from September through early January during the brutal fire seasons of 2011 and 2012, according to the European Union’s Copernicus Atmosphere Monitoring Service. But emissions are way beyond typical levels in New South Wales, where this year’s fires are concentrated. More than 5.2 million hectares (12.8 million acres) have burned across the southeastern state since July 1, according to a statement from the NSW Rural Fire Service. Climate change doesn’t spark wildfires. But rising temperatures and decreasing rainfall dries out trees, plants, and soil, converting them into fuel that can amplify fires when they do break out.

A 2018 report by Australia’s national science agency and the Bureau of Meteorology concludes climate change has contributed to the nation’s worsening fire conditions, noting that average temperatures have risen more than 1˚C. In turn, these huge fires are fueling climate change. As trees and plants burn, they release the carbon stored in their trunks, leaves, branches, and roots. That creates a vicious feedback loop, as the very impacts of climate change further exacerbate it, complicating our ability to get ahead of the problem.


Wildfire emissions from September through early January, nationwide and in New South Wales. Copernicus Atmosphere Monitoring Service

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But to be replaced with what? I still haven’t seen an answer to that which makes any sense.

Stay out of Davos, Greta, you’re being bought.

Greta Thunberg Tells World Leaders To End Fossil Fuel ‘Madness’ (G.)

Greta Thunberg and fellow youth climate campaigners are demanding that global leaders immediately end the “madness” of huge ongoing investments in fossil fuel exploration and enormous subsidies for coal, oil and gas use. The 21 young activists are also calling on the political and business leaders who will be attending the World Economic Forum in Davos to ensure investment funds dump their holdings in fossil fuel companies. “Anything less would be a betrayal against life itself,” said Thunberg and colleagues in an article in the Guardian. “Today’s business as usual is turning into a crime against humanity. We demand that you play your part in putting an end to this madness.”

The burning of fossil fuels is the biggest driver of the climate emergency. Scientists predict catastrophic impacts unless deep cuts in emissions are made rapidly, but global emissions are still rising. “Young people are being let down by older generations and those in power,” the climate strikers said. “To some it may seem like we are asking for a lot. But this is just the very minimum effort needed to start the rapid sustainable transition.” Much of the world’s existing coal, oil and gas reserves must be kept in the ground to avoid the worst impacts of global heating. But investment in fossil fuel exploration and extraction remains high.

Since the Paris climate agreement in 2015, the world’s largest investment banks have provided more than $700bn to fossil fuel companies to develop new projects, with the total investment estimated to be trillions of dollars. Fossil fuel companies argue that their products will be used for many years to come and that they have a pivotal role in shifting the energy system to zero emissions. But their investments in green energy are tiny compared with those in fossil fuels. Subsidies for fossil fuels also remain high despite a G20 pledge in 2009 to eliminate them. The IMF estimates such subsidies run at $10m a minute, or $5.2tn a year. “The fact that [ending investment and subsidies] hasn’t been done already is, quite frankly, a disgrace,” said Thunberg and colleagues.

Investors managing funds totalling $12tn have already divested from coal, oil and gas, but the climate activists demand that “all companies, banks, institutions and governments immediately and completely divest from fossil fuels”. Mark Carney, the governor of the Bank of England, said in December that the financial sector was not cutting investments in oil and gas companies rapidly enough and warned that assets in the sector could end up “worthless”. He said in October that companies and industries not moving towards zero-carbon emissions would be punished by investors and go bankrupt.

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UK 2020. Laughing stock.

Anti-Terror Police Target School Climate Strikers (G.)

Extinction Rebellion is threatening legal action against counter-terrorism police for what it said was the illegal listing of the group as an extremist ideology in a guide designed to help stop terrorist violence. The Guardian revealed on Friday that counter-terrorism police had placed the non-violent protest group on a list of extremist ideologies that should be reported to the authorities running the Prevent anti-radicalisation programme. Police now say that was an error. Amnesty International condemned the decision on Saturday as criticism grew and questions remained about how Extinction Rebellion (XR) came to be included in the guide alongside neo-Nazi and terrorist groups.

The climate emergency campaign group was included in a 12-page document produced by Counter Terrorism Policing South East (CTPSE) titled “Safeguarding young people and adults from ideological extremism”. XR has instructed lawyers. Jules Carey, who acted for XR when it successfully struck down police protest bans in the courts last year, told the Guardian that the latest guidance was unlawful. “It is extraordinary that Counter Terrorism Policing South East have added Extinction Rebellion to the list of terrorist groups and extremist organisations that the Prevent strategy was set up to deal with.

“The guidance issued by the CTPSE is clearly unlawful. It constitutes an unlawful interference with human rights including free speech, right to assemble and enjoyment of a private life. “The guidance is clearly designed to harm Extinction Rebellion and cast those who support the movement as domestic extremists. It is a glaring example of the sort of overzealous policing we have come to expect around protests. Being referred to Prevent could have long-lasting and life-changing consequences for a young school activist.”

[..] Kerry Moscogiuri, Amnesty International UK’s campaigns director, said the police guidance added to longstanding concerns about Prevent. “It’s deeply shocking that the police ever seriously considered classifying peaceful climate crisis protesters as extremists. To see that schoolchildren were effectively going to be profiled under these proposed measures, just deepens our shock. “Given that children are potentially those who will be most affected by the climate emergency, it’s vital that they are able to speak out on these issues without this heavy-handed and entirely disproportionate police attention. This episode only adds to our existing concerns about Prevent, which is a highly dubious scheme sorely in need of a proper, independent and impartial review.”

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“Commercial honeybees are considered livestock by the US Department of Agriculture..”

Might as well register them as cartoon characters. Same difference. We really don’t have any connection to anything alive anymore, do we?

‘Like Sending Bees To War’: The Deadly Truth Behind Your Almond-Milk (G.)

A recent survey of commercial beekeepers showed that 50 billion bees – more than seven times the world’s human population – were wiped out in a few months during winter 2018-19. This is more than one-third of commercial US bee colonies, the highest number since the annual survey started in the mid-2000s. Beekeepers attributed the high mortality rate to pesticide exposure, diseases from parasites and habitat loss. However, environmentalists and organic beekeepers maintain that the real culprit is something more systemic: America’s reliance on industrial agriculture methods, especially those used by the almond industry, which demands a large-scale mechanization of one of nature’s most delicate natural processes.

Environmental advocates argue that the huge, commercially driven proliferation of the European honeybees used on almond farms is itself undermining the ecosystem for all bees. Honeybees out-compete diverse native bee species for forage, and threaten the endangered species that are already struggling to survive climate change. Environmentalists argue a better solution is to transform the way large-scale agriculture is carried out in the US. Like all bees, honeybees thrive in a biodiverse landscape. But California’s almond industry places them in a monoculture where growers expect the bees to be predictably productive year after year.

Commercial honeybees are considered livestock by the US Department of Agriculture because of the creature’s vital role in food production. But no other class of livestock comes close to the scorched-earth circumstances that commercial honeybees face. More bees die every year in the US than all other fish and animals raised for slaughter combined. “The high mortality rate creates a sad business model for beekeepers,” says Nate Donley, a senior scientist for the Center for Biological Diversity. “It’s like sending the bees to war. Many don’t come back.”

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The state of -rich western- mankind in a few words.

 

 

 

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May 032019
 


Paul Klee In angel’s care (In Engelshut) 1931

 

Day of the Long Knives (Kassam)
Is The Media Driving America Insane? (LN)
How The News Took Over Reality (G.)
Assange or Khashoggi: Whither Journalistic Standards? (Aziz)
Democrats Rage At Empty Chair As Barr Misses Mueller Hearing (ZH)
How President Trump’s Legal Team Outfoxed Mueller (Chamberlain)
Ukrainian Embassy Confirms DNC Contractor Solicited Trump Dirt In 2016 (Hill)
April US Auto Sales Crash 6.1%, Worst Slide In 8 Years (ZH)
Global Foreign Direct Investment Flows Collapse (DQ)
Hippie-Punching MMT (Edward Harrison)

 

 

“If all these peoples’ ideas were not relevant, or popular, they would not need to be banned.”

It’s World Press Freedom Day today. Painfully ironic. We can’t let Facebook police our world. Or, rather, be police, judge and henchman all in one. We need laws for this and we need to apply them.

I don’t do Facebook anymore since they froze our account, what is it, 3 years ago?! I see Paul Joseph Watson every now and then on Twitter and though I don’t see myself becoming his best friend, he is an intelligent and articulate guy who has never violated Facebook’s regulations. Other than he has a link to Alex Jones. It’s easy to say Good Riddance, but you are next.

Day of the Long Knives (Kassam)

Alex Jones, Paul Joseph Watson, Laura Loomer and Milo Yiannopoulos have been unpersonned by the digital tech giant Facebook and its subsidiary Instagram. They’re coming for you, next. Or more likely, for us. Human Events stands shoulder-to-shoulder with those being routinely targeted by the would-be ‘Masters of the Universe’, no matter if we agree with them or not. Also banned was Louis Farrakhan, the anti-Semitic leader of the repugnant Nation of Islam group. But Farrakhan, like the others, should not have his fate decided by some little nerd in Silicon Valley who has decided his or her feelings are hurt. His fate should be decided in the court of public opinion, with sunlight acting as the greatest disinfectant.

Unfortunately, recent precedent has informed Big Tech that its methods to some extent work. The removal of people like Laura Loomer, Milo, and Tommy Robinson has directly impacted their livelihoods, their work, and their fundamental freedoms. And while Farrakhan is far from someone we would be seen dead around, it is only intellectually consistent if the rules apply both ways. For the psychopaths of Silicon Valley however, intellectual considerations come a distinct last to power, profit, and pandering. The likelihood is Farrakhan’s inclusion on the list is simply a sop to make the decision seem less of a one way street. If I were him, I’d be especially pissed off at being the fall guy in this regard.

But Jones, Loomer, Milo, and Watson have a claim to massive anger too, given they are being lumped in with a man who has said “white people deserve to die”, and who has said to Jewish people, “…don’t you forget, when it’s God who puts you in the ovens, it’s forever!” Tommy now struggles to gain traction – albeit with a smile on his face – and a plan to drive a bus around the country with a big screen on it, to highlight the censorship he faces. Milo – and he will probably hate me for saying this – faces total financial ruin. Alex Jones has had a massive business ripped out from under him. And Laura Loomer has been relegated to staging protests on the front lawns of those who needlessly aggress her.

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If they can make a buck from it, they certainly will.

Is The Media Driving America Insane? (LN)

Now that more of us are consuming news media more often than ever, a higher number of Americans are being fed a steady mental diet of outrage, fear, and hostility wrapped in clickbait headlines designed to make us even more contemptuous of those whose political beliefs clash with our own. Many media outlets have transformed emotionally charged, but ultimately irrelevant, stories into their bread and butter, manipulating their audiences into giving them their precious clicks in exchange for a dose of anger and panic. Otherwise unimportant stories are catapulted into the mainstream simply because the press knows Americans will tune in and boost their ratings.


The Covington kids fiasco is a prime example. What should have been a local matter was morphed into an issue of national importance by a left-wing media apparatus that wanted to further their “MAGA Hat-wearing white people are the spawn of Satan” narrative. In the end, what is accomplished? For the press, it is higher ratings and more clicks. But for the American public, it is a heightened sense of fear, hatred, and stress – a toxic brew rending the social fabric. It is no wonder that many are predicting another civil war. It would be easy to dismiss such claims as pure alarmism, but given how the Fourth Estate wields their influence, this reality is not hard to imagine. Is it possible to reverse course? Sure, but it won’t be easy. The media is in this game for two reasons: To earn a profit, and to achieve their political objectives. They have no incentive to inform rather than persuade. If the trend persists, things are sure to get uglier before they get better.

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Such a piece coming from the Guardian is pretty priceless. Even if it makes some valid points, it’s publications like that which seek to alter reality. Don’t report the news, but manufacture it.

How The News Took Over Reality (G.)

In recent years, there has been enormous concern about the time we spend on our web-connected devices and what that might be doing to our brains. But a related psychological shift has gone largely unremarked: the way that, for a certain segment of the population, the news has come to fill up more and more time – and, more subtly, to occupy centre stage in our subjective sense of reality, so that the world of national politics and international crises can feel more important, even more truly real, than the concrete immediacy of our families, neighbourhoods and workplaces. It’s not simply that we spend too many hours glued to screens. It’s that for some of us, at least, they have altered our way of being in the world such that the news is no longer one aspect of the backdrop to our lives, but the main drama. The way that journalists and television producers have always experienced the news is now the way millions of others experience it, too.


From a British or American standpoint, the overwhelmingly dominant features of this changed mental landscape are Brexit and the presidency of Donald Trump. But the sheer outrageousness of them both risks blinding us to how strange and recent a phenomenon it is for the news – any news – to assume such a central position in people’s daily lives. In a now familiar refrain, the New York Times columnist Nicholas Kristof bemoans his social circle’s “addiction to Trump” – “at cocktail parties, on cable television, at the dinner table, at the water cooler, all we talk about these days is Trump.” But Trump’s eclipse of all other news is not the only precondition for this addiction. The other is the eclipse of the rest of life by the dramas of the news.

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Excellent point. But there’s more: how does Assange’s freedom relate to that of the people who got banned from Facebook yesterday? Most of us will initially react to that question with something about what and who we like, but that’s not good enough.

Assange or Khashoggi: Whither Journalistic Standards? (Aziz)

Did international media and free press advocates who once celebrated Assange, utilized his revelations and heaped awards on Wikileaks, collectively agreed to abandon their erstwhile hero? And why the turnaround? (It’s not easy to explain although one observer suggests former associates actually conspired to depose him.) Increased silence from within Assange’s refuge presaged his recent ‘capture’. Then, when he suddenly appeared, subdued by dozens of guards, how shamelessly international media rushed to cheer his arrest. They seemed to delight in highlighting scant, salacious details of his condition at the time of his arrest. Reprehensible. Dismaying. Will those gloating journalists care what his captors do to Assange in detention?


This for the man whose political analyses and Wikileaks revelations had been daily headlines not long ago. This for a journalist and publisher who introduced a profound strategy to expose a government’s sinister diplomatic schemes, excesses and crimes documented by their own internal reports. This for an organization gathering evidence of government wrongdoing at a critical time, starting in 2006 when U.S. wars in Iraq and Afghanistan were being reevaluated by a sobering public. Rumors of military crimes, cover-ups, torture, black-site prisons, etc. had gradually, although belatedly, gained credibility and, following the Abu Graib Prison revelations, Wikileaks provided irrefutable evidence of how U.S.A. and its allies conducted their wars.

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From the WSJ Editorial Board yesterday: “Mr. Barr has since released the full Mueller report with minor redactions, as he promised, and with the “context” intact. Keep in mind Mr. Barr was under no legal obligation to release anything at all. Mr. Mueller reports only to Mr. Barr, not to the country or Congress.

Mr. Barr has also made nearly all of the redactions in the report available to senior Members of Congress to inspect at Justice. Yet as of this writing, only three Members have bothered—Senate Judiciary Chairman Lindsey Graham, Senate Majority Leader Mitch McConnell and ranking House Republican on Judiciary Doug Collins. Not one Democrat howling about Mr. Barr’s lack of transparency has examined the outrages they claim are hidden.”

Doug Collins’ tirade is a good listen. No need to agree with him.

Democrats Rage At Empty Chair As Barr Misses Mueller Hearing (ZH)

Refusing to allow the fact that AG Barr chose not to attend today’s Mueller Report hearing, angry Democrats took full advantage of the photo-op to conjure images of a terrified attorney general cowering from the truth and protecting a clearly guilty-of-something president. Despite Barr’s decision last night not to attend, because he objected to Democratic demands that their staff counsel be able to question him, Democrats went forward with the theater of the hearing anyway, setting up an empty chair for the absent attorney general. As The Hill reports, Rep. Steve Cohen (D-Tenn.) brought a bucket of Kentucky Fried Chicken to the morning event, and accused Barr of being a coward after it ended. House Judiciary Chairman Jerrold Nadler (D-N.Y.) tore into Barr, accusing him of failing to check President Trump’s “worst instincts” and misrepresenting Mueller’s findings.

“He has failed the men and women of the Department by placing the needs of the President over the fair administration of justice,” Nadler said. “He has even failed to show up today.” Republicans did not take it lying down with Rep. Matt Gaetz (R-Fla.) noted vociferously that “Judiciary Democrats say AG Barr is “terrified.” Yesterday he testified for over five hours in an open hearing. Today, they cut off my microphone.” And, Rep. Doug Collins (R-Ga.) accused Nadler of staging a “circus political stunt” and said the Democratic chairman wanted the hearing to look like an impeachment hearing. “That is the reason. The reason Bill Barr is not here today is because the Democrats decided they didn’t want him here today. That’s the reason he’s not here,” Collins said. “Not hearing from him is a travesty to this committee today.”

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Excellent read. Mueller wanted to make Trump’s firing of Comey to be obstruction. But that would have taken some hoops to jump through.

How President Trump’s Legal Team Outfoxed Mueller (Chamberlain)

When the Mueller Report was released on April 18th, most commentators focused on the “explosive” factual allegations. But other than the shocking revelation that the President once used an expletive in private, very few of those facts were novel; most were leaked long ago. At the end of Volume II of the Mueller Report, however, there were 20 pages of genuinely new material. There, the former FBI director turned Special Counsel Robert Mueller defended his “Application of Obstruction-Of-Justice Statutes To The President.” These overlooked 20 pages were dedicated to defending Mueller’s interpretation of a single subsection of a single obstruction-of-justice statute: 18 U.S.C. § 1512(c)(2).

That’s quite strange, but you know what’s stranger still? In June 2018, Bill Barr, then in private practice at Kirkland & Ellis, wrote a detailed legal memorandum to Deputy Attorney General Rod Rosenstein. This memo came to light in December, when Barr was nominated for Attorney General. The subject was Mueller’s interpretation of the aforementioned 18 U.S.C. § 1512(c)(2). [..] Reading Barr’s June 2018 memo alongside the last twenty pages of the Mueller Report is a curious experience. Together, they read like dueling legal briefs on the meaning of 18 U.S.C. § 1512(c)(2); the type of material one would expect to see from adversarial appellate litigators.

So-why did Robert Mueller dedicate 20 pages of his report to a seemingly obscure question of statutory interpretation? Why did Bill Barr write a detailed legal memorandum to Rod Rosenstein about that very same statute? And how, exactly, did Bill Barr know that that § 1512(c)(2) was central to Mueller’s obstruction theory – in June 2018, when he was still in private practice at Kirkland? [..] why, exactly, was the interpretation of 18 U.S.C. § 1512(c)(2) so contested? Let’s start by looking the statute, excerpted here: (c) Whoever corruptly— (1) alters, destroys, mutilates, or conceals a record, document, or other object, or attempts to do so, with the intent to impair the object’s integrity or availability for use in an official proceeding; or (2) otherwise obstructs, influences or impedes any official proceeding, or attempts to do so [is guilty of the crime of obstruction].

Why was this so important to Mueller? Because most of the obstruction statutes couldn’t possibly apply to President Trump’s behavior, as they require that a defendant obstruct a “pending proceeding” before an agency or tribunal. It is settled law that an FBI investigation does not constitute such a proceeding. But § 1512(c) applies to acts of obstruction done with the intent of impairing evidence for a future, potential proceeding. That made it potentially usable against the President.

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Ukraine is central. Even without Biden.

Ukrainian Embassy Confirms DNC Contractor Solicited Trump Dirt In 2016 (Hill)

The boomerang from the Democratic Party’s failed attempt to connect Donald Trump to Russia’s 2016 election meddling is picking up speed, and its flight path crosses right through Moscow’s pesky neighbor, Ukraine. That is where there is growing evidence a foreign power was asked, and in some cases tried, to help Hillary Clinton. In its most detailed account yet, Ukraine’s embassy in Washington says a Democratic National Committee insider during the 2016 election solicited dirt on Donald Trump’s campaign chairman and even tried to enlist the country’s president to help.


In written answers to questions, Ambassador Valeriy Chaly’s office says DNC contractor Alexandra Chalupa sought information from the Ukrainian government on Paul Manafort’s dealings inside the country, in hopes of forcing the issue before Congress. Chalupa later tried to arrange for Ukrainian President Petro Poroshenko to comment on Manafort’s Russian ties on a U.S. visit during the 2016 campaign, the ambassador said. Chaly says that, at the time of the contacts in 2016, the embassy knew Chalupa primarily as a Ukrainian-American activist, and learned only later of her ties to the DNC. He says the embassy considered her requests an inappropriate solicitation of interference in the U.S. election.

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Am I still the only one who thinks this is good news?

April US Auto Sales Crash 6.1%, Worst Slide In 8 Years (ZH)

It was yet another dismal month for US auto sales in April, continuing a recessionary trend that has been in place not only in the US, but globally, for the better part of the last 12 months and certainly since the beginning of 2019. The nonsense-excuse-du jour for this month’s disappointing numbers is being placed on the weather on seasonality on rising car prices, which easily pushed away an overextended, broke and debt-laden U.S. consumer. In a nutshell, US auto sales in April tumbled by 6.1% – the biggest monthly drop since May 2011 – to just 16.4 million units, the lowest since October 2014.

Aside for an incentive-boost driven rebound in March, every month of 2019 has seen a decline in the number of annualized auto sales. Furthermore, as David Rosenberg notes, the -4.3% Y/Y trend is the weakest it has been for the past 8 years. Adding “fuel to the fire”, the average price of a new car in April came in at $36,720, the highest ASP so far this year, according to The Detroit News. It comes at a time where interest rates remain above 6% on average, further pressuring sales.

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Mostly US funds flowing back home.

Global Foreign Direct Investment Flows Collapse (DQ)

Global foreign direct investment flows plunged by another 27% in 2018 — after having already plunged 16% in 2017 — to just $1.1 trillion, the equivalent of 1.3% of global GDP, the lowest ratio since 1999, according to new data released by the OECD. It was the third consecutive annual plunge in global FDI flows, as more and more companies either choose not to invest in businesses or assets in other countries or are prevented from doing so. At the peak in 2015, before the trade wars began, before the Brexit vote happened, and before China began cracking down on the capital outflows that had fueled big-ticket purchases of strategic companies across the globe as well as surging asset prices in multiple jurisdictions, global FDI flows totaled $1.92 trillion and represented around 2.5% of global GDP. FDI has since collapsed by 43%.

The OECD apportions much of the blame for the latest fall in FDI flows on the US tax reform in 2017, which prompted many US companies to repatriate large amounts of earnings held with foreign affiliates in countries such as Ireland and Switzerland, which both suffered a massive reduction in inward foreign investment last year. The U.S. is traditionally the world’s biggest source of FDI, but last year it recorded negative outflows for the first time since 2005, as the movement of funds from U.S. investors into global businesses and assets reversed and flowed back toward the U.S., at least on paper. The total sum of outflows last year was -$48 billion, compared to $316 billion in 2017.

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Time to reserve some space for MMT. Harrison has some valid views.

Hippie-Punching MMT (Edward Harrison)

A lot of people like to argue that the central bank and the central government are independent and autonomous powers. And the argument goes that because of this autonomy, central governments like the US aren’t really all-powerful because the central bank can simply refuse to create more IOUs. I think this is a ridiculous argument, though. The central bank is the central government’s agent. And it exists only as a vehicle for executing banking and monetary policies in the government’s interest. The independence it enjoys is entirely at the central government’s discretion – mostly to create the appearance of non-politically motivated policy which would create inflation and debase the currency. If push came to shove, the central government would do whatever it took to issue IOUs to promise to pay the bearer of its money the required sum of fiat currency.

Notice, though, that Euro Zone governments don’t have the same power because they cannot create euros. Sure, they can enforce tax in euros with the coercive power of the penalty of prison as an incentive. But, when their euro taxes fall short, they can’t create euros to make up the shortfall. The euro is not their IOU. They are just like any other debtor in the eurozone. And the MMT crowd were onto this right from the start. In fact, one of the MMT forefathers, Wynne Godley, predicted the European Sovereign Debt Crisis when the euro was first conceived in 1992. On the other hand, most mainstream economists were caught flat-footed by the crisis. They were operating under the assumption that the bond vigilantes had the same power over all debtors including sovereigns.

They said the bond vigilantes just gave sovereigns more leeway. And that’s still their position today despite all evidence to the contrary. How do you trade that? For me, I trade that by saying Germany is the de facto ‘sovereign’ in the euro zone because of its size and fiscal rectitude. The euro would have to cease to exist before German sovereign debt came under attack from bond vigilantes. Now, if Deutsche Bank went bankrupt and Germany bailed it out at great cost and went on a deficit binge to boot and government debt to GDP ended up ballooning to 120% of GDP, things would be different.

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Aug 252018
 


Henry Bacon Étretat 1890

 

The Dogs of Vengeance (Jim Kunstler)
Chemical Attack Being Staged To Frame Damascus – Russia MoD (RT)
Half Of Millennials Take Out Car Finance To Match Social Media Dreams (Ind.)
Majority Of Young Americans Live In A Household Receiving Welfare (ZH)
Twitter CEO Jack Dorsey To Testify On Conservative “Shadowbans” (ZH)
UK Immigration Minister Blocks Britons Who Sought Help On Twitter (G.)
Paul Singer, Doomsday Investor (New Yorker)
Tesla To Remain A Public Company, CEO Musk Says (AFP)
The Great Chinese Art Heist (GQ)
Drought In Central Europe Reveals Cautionary ‘Hunger Stones’ (NPR)
The Water Crises Aren’t Coming – They’re Here (Esq.)
Venezuela Heads For Refugee Crisis Moment Comparable To Mediterranean (R.)
Ecuador Opens “Humanitarian Corridor” For Venezuelan Migrants (AFP)
‘Begging To Die’: Succession Of Critically Ill Children Moved Off Nauru (G.)

 

 

The only thing today that mentions Trump.

The Dogs of Vengeance (Jim Kunstler)

History has a velocity of its own, and its implacable forces will drag the good, the bad, the clueless, the clever, the guilty, the innocent, the avid, and the unwilling to a certain fate. One can easily see a convergence of vectors shoving the nation toward political criticality this autumn. Mr. Trump is like some unfortunate dumb brute of the ancient Teutonic forests with a bulldog clamped to his nose, the rest of the pack close behind snapping at his hamstrings and soft, swaying underbelly. His desperate bellowing goes unanswered by the indifference of the trees in forest, the cold moon above, and all the other furnishings of his tragic reality.

As these things tend to happen, it looks like the exertions of Robert Mueller have turned from the alleged grave offenses of a foreign enemy to the sequela of consort with a floozie. Down goes Mr. Trump’s private attorney, Michael Cohen, in his personal swamp of incriminating files and audio recordings. Enter, stage left, one David Pecker, publisher of the venerable National Enquirer — the newspaper of wreckage — on his slime-trail of induced testimony. And there is your impeachable offense: an illegal campaign contribution. One way or another, as Blondie used to sing, I’m gonna getcha, getcha, getcha.

Some in this greatest of all possible republics may be asking themselves if this is quite fair play, given the hundreds of millions of dollars washed-and-rinsed through the laundromat known as the Clinton Foundation, and related suspicious doings in that camp of darkness. But remember, another president, Jimmy Carter, once declared to the shock of official Washington that “life is unfair.” What I wonder is what these dogs of vengeance reckon will happen when they achieve their goal of bringing down the bellowing bull and pulling his guts out. Perhaps a few moments of tribal satisfaction, one last war dance around the fire, and when the fire dies out, they will find themselves under the same cold indifferent moon with blood on their snouts and an ill wind blowing in the tree tops.

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Why there’s still support for the White Helmets.

Chemical Attack Being Staged To Frame Damascus – Russia MoD (RT)

The US and its allies are preparing new airstrikes on Syria, the Russian Defense Ministry said, adding that militants are poised to stage a chemical weapons attack in order to frame Damascus and provide a pretext for the strikes. The attack would be used as a pretext for US, UK and French airstrikes on Syrian targets, Russian Defense Ministry spokesman, Major General Igor Konashenkov said. USS ‘The Sullivans,’ an Arleigh Burke-class Aegis guided missile destroyer, was already deployed to the Persian Gulf a couple of days ago, he added. The destroyer has 56 cruise missiles on board, according to data from the Russian Defence Ministry.

A US Rockwell B-1 Lancer, a supersonic bomber equipped with 24 cruise missiles, has also been deployed at the Qatari Al Udeid Airbase. The provocations are being prepared by militants from Al-Nusra Front (now known as Tahrir al-Sham) in Idlib province, northwestern Syria, In order to stage the attack, some eight canisters of chlorine were delivered in to village near Jisr al-Shughur city for the terrorists’ use, he added. A separate group of militants, prepped by private British security company Olive, have also arrived in the area. The group will be disguised as volunteers from the White Helmets group and will simulate a rescue operation involving locals purportedly injured in the attack, according to the military official.

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Instagram shapes the world.

Half Of Millennials Take Out Car Finance To Match Social Media Dreams (Ind.)

Forget fashion, music or gadgets. The desire to live up to social media aspirations has pushed more than half of millennials to buy a car for its status value, new figures suggest, and almost 40 per cent said Instagram or Facebook played a part in deciding which motor they went for. With two thirds of younger drivers reliant on credit to fund the purchase – twice the number of 37- to 54-year-old generation Xers – research from Admiral has revealed the new, expensive face of social media influencing. Younger drivers were found to be more reliant on credit, with 64 per cent taking car finance to fund a purchase compared with 38 per cent of 37- to 54-year-olds.

The consequences have financial implications on younger generations too, as more than half of drivers aged 19 to 36 admit feeling pressure to buy a specific car for status or prestige. More than one in 10 millennials said famous faces played a part in their choice of car, compared with just 4 per cent of gen-X drivers. They may currently own a Ford Fiesta, Vauxhall Corsa, VW Golf or Polo, but millennials dream of BMW i8s, Audi R8s, Ford GTs and Aston Martin Vantages.

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Car finance and food stamps?

Majority Of Young Americans Live In A Household Receiving Welfare (ZH)

New analysis from CNS News finds that the majority of Americans under 18 live in households that take “means-tested assistance” from the US government. The study, based on the most recently available data from the Census Bureau, leads with the question: Will they be called The Welfare Generation? The data presented by CNS editor Terrence Jeffrey shockingly reveals that in 2016 “there were approximately 73,586,000 people under 18 in the United States, and 38,365,000 of them — or 52.1 percent — resided in households in which one or more persons received benefits from a means-tested government program.”

It’s a slim majority, but a majority which nonetheless presents an extremely worrisome trend regarding the number of young Americans and possibly young families who’ve experienced some level of government dependency. To put it in another, perhaps more alarming way, if you’re under 18 the data shows you are more likely that not to be living in a home that receives some form of taxpayer-financed largesse. In terms of the country’s total population of 319.9 million Americans, the data finds that 114.8 million, or about 36 percent, lived as part of a household in which someone collected welfare. Jeffrey continued, “When examined by age bracket persons under 18 were the most likely to live in a household receiving means-tested government assistance (52.1 percent), while those 75 and older were least likely (18.8 percent).”

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You can’t have banning and shadowbanning on social media decided by opaque terms overseen by geeks. Just like you can’t ban people from having a phone, radio, TV just because you don’t like them.

Twitter CEO Jack Dorsey To Testify On Conservative “Shadowbans” (ZH)

Twitter CEO Jack Dorsey is scheduled to appear before the House Energy & Commerce committee on September 5th, after several GOP lawmakers demanded action in response to reports of conservatives being “shadow banned” by the San Francisco-based social media giant. “Twitter is an incredibly powerful platform that can change the national conversation in the time it takes a tweet to go viral,” wrote committee Chair Greg Walden (R-OR) in a Friday statement. “When decisions about data and content are made using opaque processes, the American people are right to raise concerns. This committee intends to ask tough questions about how Twitter monitors and polices content, and we look forward to Mr. Dorsey being forthright and transparent regarding the complex processes behind the company’s algorithms and content judgement calls,” the statement continues.

Earlier this month, House Majority Leader Kevin McCarthy sent a letter to Walden, requesting that he be allowed to publicly grill Jack Dorsey over recent allegations that the platform limits the reach of some conservative accounts. “Any solution to this problem must start with accountability from companies like Twitter, whose platforms have enormous potential to impact the national conversation — and unfortunately, enormous potential for abuse,” McCarthy said in the letter to House Energy and Commerce Committee Chairman Greg Walden. “In particular, I would like to request a hearing with Twitter CEO Jack Dorsey so that the American people can learn more about the filtering and censorship practices on his platform.” -Kevin McCarthy

McCarthy, who has worked on tech issues for years, has been investigating reports of Silicon Valley tech giants injecting their admittedly liberal bias into the way they enforce speech on their platforms. McCarthy and other Republican leaders met with Facebook staffers in June over their concerns, and as recently as last month McCarthy was running ads on Facebook inviting supporters to join him “and President Trump in defending our conservative voice against social media censoring,” according to the platform’s public database of political ads. This action follows Rep. Matt Gaetz (R-FL) complaint filed with the Federal Election Commission (FEC) against Twitter after he discovered that his account was being ‘shadowbanned’ – the practice of excluding or reducing the visibility of one’s tweets from normal circulation on the platform.

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Didn’t we already have this with Trump? This lady needs some educating.

UK Immigration Minister Blocks Britons Who Sought Help On Twitter (G.)

The immigration minister blocked at least two British citizens on Twitter when they asked for her assistance after the Home Office failed to respond to their complaints or appeals from their MPs. Caroline Nokes’ action, which means the people concerned are unable to read her tweets or contact her, were described by a leading immigration lawyer as suggesting “complete indifference”. Stephen Buck was blocked from following Nokes or seeing her tweets on 11 August after he sent her three tweets in four months, asking for help to prevent his long-term partner, Rusty Goodall, from being deported to Australia. It took the Home Office 13 months to refuse Goodall’s application to extend his visa, during which time the couple received no update on his case.

“I was nothing but polite in my approaches, but having tried all other avenues available to us (ie contacting the Home Office directly, asking our MP for help) and still feeling as though we were in a position where nobody was doing anything and nobody cared about us, contacting Nokes on Twitter felt like the only option left to try and get somebody in power to listen,” Buck said. “The fact that the only response to these pleas to one of the few people who could make a difference in our case was to block me, was truly upsetting, frustrating and insulting.” John Holden, a British citizen who lives in the UK with his Filipino wife, son and three adopted children, was blocked by Nokes on the same day as Buck after also asking for help.

“The Home Office have refused to issue my British children with British passports: they say we need to change the children’s Philippine passports to their new adopted surnames first,” he said. “The problem is that the Philippine authorities won’t do that unless we take the children out of school and return to the Philippines for a process that could take up to 18 months, during which I would have to readopt children who are already mine and are already British.

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Singer bankrupts countries.

Paul Singer, Doomsday Investor (New Yorker)

In 1995, Singer started working with a trader named Jay Newman, who specialized in the government—or sovereign—debt of developing countries. The collaboration led to the legal battle that would publicly define Singer: his fourteen-year fight with the government of Argentina. Like Singer, Newman was a lawyer by training, and, also like Singer, he had no problem making money using methods that others might find distasteful. For many years, sovereign loans were treated by banks and other lenders much the way that subprime mortgages were prior to 2008—as highly desirable, relatively low-risk investments.

But many countries, particularly poorer ones with fragile economies or corrupt governments, borrowed far more than they could realistically repay, and, during the nineteen-eighties, approximately fifty countries defaulted or had to restructure their debt, including Mexico, most of Latin America, Poland, the Philippines, Vietnam, and South Africa. In most cases, the International Monetary Fund would come in, impose budget cuts and other austerity measures, and help the governments renegotiate what they owed. The countries’ debt holders generally traded their old bonds for new ones under reduced terms, which allowed the country to exit default.

Newman saw an opportunity in these financial crises: purchase the defaulted debt at a very low price and then try to negotiate for, or sue the country for, full repayment on the original terms. An investor who pursued this strategy came to be known as a “rogue creditor.” The tactic could prove extremely profitable—as long as you had the stomach for it. Newman said that he never sued a country that couldn’t afford to pay, but critics argue that rogue creditors interfere with a country’s ability to return to the financial markets, exacerbating the poverty and suffering of its citizens. Singer hired Newman, initially offering him thirty thousand dollars a month and 20% of the profits on investments he recommended.

The Republic of Peru had defaulted on its debt in 1984; in 1996, the government initiated a debt exchange, and more than ninety per cent of Peruvian debt holders traded in their old bonds for new ones, taking a fifty-per-cent discount on the original value. Singer purchased eleven million dollars of defaulted Peruvian bonds, and then began a protracted legal battle to force the government to pay back the full value. In 1998, after a trial, a federal court found Elliott to be in violation of the Dickensian-sounding Champerty laws, which prohibit buying debt with the sole purpose of bringing legal action. Elliott appealed the case and won. The company later engaged in an intense lobbying campaign to change the Champerty laws in New York State.

It also filed a lawsuit in Brussels, attempting to prevent Peru from paying interest on any of its new bonds until it had paid Elliott. Peru was left with an unpalatable choice: default, again, on its new bonds, or pay what it viewed as a ransom to a New York hedge fund.

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What say ye, SEC?

Tesla To Remain A Public Company, CEO Musk Says (AFP)

Tesla CEO Elon Musk said Friday that the company would continue to be publicly traded, weeks after suggesting that he would take the electric carmaker private. Musk met with Tesla’s board of directors on Thursday “and let them know that I believe the better path is for Tesla to remain public. The Board indicated that they agree,” he wrote on the company blog. Musk surprised markets on August 7 by announcing on Twitter he wanted to take Tesla private at $420 a share. But shares fell more than 20 percent since the announcement. After the announcement the controversial entrepreneur came under extensive scrutiny over his Twitter statements related to the proposal, especially a claim that Tesla had “secured” funding for the move.

However, Musk said Friday that based on talks with current shareholders, as well as an assessment by financial advisers Silver Lake, Goldman Sachs and Morgan Stanley, “it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company.” Even though the majority of shareholders “said they would remain with Tesla if we went private, the sentiment, in a nutshell, was ‘please don’t do this,'” he wrote. “I knew the process of going private would be challenging, but it’s clear that it would be even more time-consuming and distracting than initially anticipated.”

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Insane story. Hollywood must have already bought the rights.

The Great Chinese Art Heist (GQ)

The patterns of the heists were evident only later, but their audacity was clear from the start. The spree began in Stockholm in 2010, with cars burning in the streets on a foggy summer evening. The fires had been lit as a distraction, a ploy to lure the attention of the police. As the vehicles blazed, a band of thieves raced toward the Swedish royal residence and smashed their way into the Chinese Pavilion on the grounds of Drottningholm Palace. There they grabbed what they wanted from the permanent state collection of art and antiquities. Police told the press the thieves had fled by moped to a nearby lake, ditched their bikes into the water, and escaped by speedboat. The heist took less than six minutes.

A month later, in Bergen, Norway, intruders descended from a glass ceiling and plucked 56 objects from the China Collection at the KODE Museum. Next, robbers in England hit the Oriental Museum at Durham University, followed by a museum at Cambridge University. Then, in 2013, the KODE was visited once more; crooks snatched 22 additional relics that had been missed during the first break-in. Had they known exactly what was happening, perhaps the security officials at the Château de Fontainebleau, the sprawling former royal estate just outside Paris, could have predicted that they might be next. With more than 1,500 rooms, the palace is a maze of opulence. But when bandits arrived before dawn on March 1, 2015, their target was unmistakable: the palace’s grand Chinese Museum.

Created by the last empress of France, the wife of Napoleon III, the gallery was stocked with works so rare that their value was considered incalculable. In recent years, however, the provenance of those treasures had become an increasingly sensitive subject: The bulk of the museum’s collection had been pilfered from China by French soldiers in 1860 during the sack of Beijing’s Old Summer Palace. In the low light before daybreak, the robbers raced to the southwest wing and shattered a window. They climbed inside, stepping over broken glass, and swiftly went to work dismantling the empress’s trove. Within seven minutes, they were gone, along with 22 of the museum’s most valuable items: porcelain vases; a mandala made of coral, gold, and turquoise; a Chimera in cloisonné enamel; and more.

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History lessons: “If you see me, weep.”

Drought In Central Europe Reveals Cautionary ‘Hunger Stones’ (NPR)

A lengthy drought in Europe has exposed carved boulders, known as “hunger stones,” that have been used for centuries to commemorate historic droughts — and warn of their consequences. The Associated Press reports that hunger stones are newly visible in the Elbe River, which begins in the Czech Republic and flows through Germany. “Over a dozen of the hunger stones, chosen to record low water levels, can now be seen in and near the northern Czech town of Decin near the German border,” the AP writes. One of the stones on the banks of the Elbe is carved with the words “Wenn du mich siehst, dann weine”: “If you see me, weep.” A team of Czech researchers described that stone in detail in a 2013 paper about the history of droughts in Czech lands.

The stone is also chiseled with “the years of hardship and the initials of authors lost to history,” the researchers wrote: “It expressed that drought had brought a bad harvest, lack of food, high prices and hunger for poor people. Before 1900, the following droughts are commemorated on the stone: 1417, 1616, 1707, 1746, 1790, 1800, 1811, 1830, 1842, 1868, 1892, and 1893.” That particular stone is now a bit of a tourist attraction; it’s one of the oldest hydrological landmarks in central Europe. Also, because of a dam on a tributary of the Elbe, it’s seen more often now than it used to be, according to a Decin tourist site — although the current river levels are still exceptional.

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We have 1% of all earth’s water. So of course we’re rapidly poisoning it.

The Water Crises Aren’t Coming – They’re Here (Esq.)

Water cannot be created or destroyed; it can only be damaged. When Gleick says we’ll never run out, he means that at some point, millions of years ago, there was all the water there is, a result of the law of the conservation of matter. Having evaporated from lakes and rivers and oceans and returned as snow and rain, the water we consume has been through innumerable uses. Dinosaurs drank it. The Caesars did, too. It’s been places, and consorted with things, that you might not care to think about. In theory, there’s enough freshwater in the world for everyone, but like oil or diamonds or any other valuable resource, it is not dispersed democratically. Brazil, Canada, Colombia, Peru, Indonesia, and Russia have an abundance—about 40 percent of all there is.

America has a decent amount. India and China, meanwhile, have a third of the world’s people and less than a tenth of its freshwater. It is predicted that in twelve years the demand for water in India will be twice the amount on hand. Beijing draws water from an aquifer beneath the city. From being used faster than rain can replenish it, the aquifer has dropped several hundreds of feet in the last forty years, and in places the city is sinking four inches every year. As for the world’s stock, however, nearly all of the water on earth is salty; less than 3% is fresh. Some of that is in rivers, lakes, aquifers, and reservoirs—the Great Lakes contain one fifth of the freshwater on the earth’s surface—and we have stored so much water behind dams that we have subtly affected the earth’s rotation; but two thirds of all the freshwater we have is frozen in the earth’s cold places as ice or permafrost, leaving less than 1% of the world’s total water for all living things.

Much of that gets a rough ride. American ponds and streams and lakes and rivers contain fungicides, defoliants, solvents, insecticides, herbicides, preservatives, biological toxins, manufacturing compounds, blood thinners, heart medications, perfumes, skin lotions, antidepressants, antipsychotics, antibiotics, beta blockers, anticonvulsants, germs, oils, viruses, hormones, and several heavy metals. Not all of these are cleansed from water before we drink it.

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It’s already there.

Venezuela Heads For Refugee Crisis Moment Comparable To Mediterranean (R.)

The exodus of migrants from Venezuela is building toward a “crisis moment” comparable to events involving refugees in the Mediterranean, the United Nations migration agency said on Friday. Growing numbers are fleeing economic meltdown and political turmoil in Venezuela, where people scrounge for food and other necessities of daily life, threatening to overwhelm neighbouring countries. Officials from Colombia, Ecuador and Peru will meet in Bogota next week to seek a way forward. In Brazil, rioters this month drove hundreds back over the border. Peru tightened entry rules for Venezuelans, requiring them to carry passports instead of just national ID cards, though a judge in Ecuador on Friday rolled back a similar rule enacted there.

Describing those events as early warning signs, a spokesman for the International Organization for Migration, Joel Millman, said funding and means of managing the outflow must be mobilised. “This is building to a crisis moment that we’ve seen in other parts of the world, particularly in the Mediterranean,” he said. On Thursday, the IOM and UN refugee agency UNHCR called on Latin American countries to ease entry for Venezuelans, more than 1.6 million of whom have left since 2015.

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Millions of people moving to Peru and Chile? Maybe helping them at home is a better idea. Get the CIA out of Caracas first.

Ecuador Opens “Humanitarian Corridor” For Venezuelan Migrants (AFP)

Desperate Venezuelan migrants who made it across the border in time were breathing a sigh of relief hours before Peru’s tightened controls came into effect Saturday, preventing those not carrying passports from entering. “We have been on the road for five days. We traveled by bus and saw people, Venezuelans, walking along the road,” Jonathan Zambrano, 18, told AFP. Thousands of migrants fleeing the crippling economic crisis in their homeland had faced a race against time to cross into Peru from either Ecuador or Colombia after last week’s announcement from Lima that they had one week to enter before a passport would be required.

Until Saturday, a simple identity card was enough for Venezuelans heading south to escape food and medicine shortages, hyperinflation and failing public services back home. At one border crossing, Peruvian officers handed out balloons to exhausted children, but many Venezuelans feared it would be a different story once the new rules come into force. “People arrive with very few resources and after having traveled, five or six days being the shortest. There are people who’ve been traveling for months,” Regine de la Portilla of the United Nations refugee agency UNHCR told AFP.

Ecuador opened a “humanitarian corridor” on Friday and lifted its own entry restrictions to facilitate the Venzuelans’ travels to Peru, one of the region’s fastest growing economies with 4.7 percent growth projected for next year. Ecuadoran Interior Minister Mauro Toscanini said Friday that 35 busloads of migrants were on the move along the route authorities had opened to Peru.

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This is Australia. Forget about housing bubbles and yokel PM’s. This is Australia.

‘Begging To Die’: Succession Of Critically Ill Children Moved Off Nauru (G.)

A girl suffering “resignation syndrome” and who is refusing all food and water has been ordered off Nauru by an Australian court, as a succession of critically ill children are brought from the island. At least three children have left the island since Thursday, and reports from island sources say at least three more children, as young as 12, are “on FFR” – food and fluid refusal. The current crisis on the island is overwhelming medical staff, who are referring dozens of children for transfer off the island, only to have their decisions rebuffed by Australian Border Force officials on the island or department of home affairs bureaucrats in Canberra. Two children were moved off the island with their families on Thursday.

Early on Friday morning, a 14-year-old refugee boy suffering a major depressive disorder and severe muscle wastage after not getting out of bed for four months, was flown directly from Nauru to Brisbane with his family. There are concerns, doctors say, he may never be able to walk normally again. Later on Friday, in the federal court, Justice Tom Thawley ordered another girl – given the designation EIV18 by the court – to be moved to Australia for urgent medical treatment. Court orders prevent publication of the girl’s age – other than the fact she is a child – her name or country of origin. [..] The girl has been inside the supported accommodation area of the regional processing centre for three weeks, and has been refusing food and water for much of that time.

Before she, too, fell into acute depression and “resignation syndrome”, and refused to eat or drink anything, she had been one of the brightest and most articulate of the refugee children on Nauru. “Before she got sick, she was the best-performing student,” a source familiar with the girl and her condition told the Guardian. “She had a dream to be a doctor in Australia and to help others. Now, she is on food-and-fluid refusal and begging to die as death is better than Nauru.”

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