Feb 132021
 
 February 13, 2021  Posted by at 10:24 am Finance Tagged with: , , , , , , , , ,  22 Responses »


James Karales Selma to Montgomery March Alabama 1965

 

Sputnik V Developers Work On Vaccine For Several COVID19 Strains At Once (RT)
South Africans Being Infected With COVID19 Variant Again After Recovering (RT)
The Bombhole Era (Matt Taibbi)
Cuomo And The Lincoln Project Are Media-Created Monsters (DP)
NY Dems Want To Strip Cuomo Of Coronavirus Emergency Powers (JTN)
Inside the Lincoln Project’s ‘Toxic’ Workplace (19th)
Lincoln Project Accused by its Own Co-Founder of Likely Criminality (Greenwald)
Lincoln Project Faces Questions Over The Spending And Compensation (Turley)
Trump Lawyers Argue His Jan. 6 Rhetoric Is ‘Protected’ Free Speech (JTN)
MSM’s Narrative About The Murderous Capitol Mob Has Collapsed (Cox)
Hillary Clinton Could Be Charged Under Precedent Set In Trump Trial (RT)
Great Reset? Putin Says, “Not So Fast” (Luongo)
The Trials of Wokery (Kunstler)

 

 

When you open Pandora’s box, things tend to come out.

@AceSix4

 

 

One of the stranger arguments. But sure, let’s inject some controversy.

 

 

 

 

Russia to the rescue.

Sputnik V Developers Work On Vaccine For Several COVID19 Strains At Once (RT)

The Gamaleya Institute behind Russia’s Sputnik V vaccine said it’s working on a technology that will lead to an effective jab against several coronavirus variants and which could also be swiftly updated to tackle new mutations.
The multiplying variants of Covid-19, which could turn out to be resistant to current vaccines and prolong the pandemic even further, have recently become a source of major concern for governments and medics around the globe. But the solution to the problem may be just around the corner, as the Gamaleya Institute’s director, Alexander Gintsburg, revealed that the Moscow-based research body “has developed a technology that allows to quickly and efficiently create vaccine agents that will include antigens not from one, but two, three, four or five different coronavirus variants.”


Such a vaccine should be able to provide immunity from all coronavirus strains that could threaten a population at any given time, Gintsburg said, in an interview with the Rossiya 24 channel. So far, all of the known mutations appear to be covered by the vaccines, but that may well change as RNA viruses like Covid-19 are the most rapidly changing objects in the world, he pointed out. The Russian multi-variant vaccine is currently in its research phase, with clinical trials scheduled to begin by the end of the year. The finished drug will likely be made available to customers in 2022, Gintsburg estimated. Numerous strains of coronavirus have been already discovered by scientists, but three of them are causing the most worries at the moment. The so-called UK, South Africa and Brazil variants have shown multiple changes in their spike protein, through which the virus attaches itself to human cells.

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“substantial or complete escape” from the human body’s neutralizing antibodies that target Covid-19..”

South Africans Being Infected With COVID19 Variant Again After Recovering (RT)

Some people in South Africa have been re-infected with variants of Covid-19 after they had already recovered from the virus, the World Health Organization’s (WHO) chief scientist, Soumya Swaminathan, said on Friday.
“We are now getting reports of people getting re-infected with the new variant of the virus, and there have been some initial reports from South Africa suggesting that people who have had prior infection could get infected again,” she told a WHO news briefing. Swaminathan did not specify the number of people re-infected in South Africa, but said that ongoing scientific studies are looking at how long antibodies protect people after they have contracted the virus.

The scientist did say that a recent UK study of health workers found that 85 percent of the cohort had developed protection against being re-infected with Covid-19 six to eight months after they first caught the virus. One study from South Africa published in pre-print format last month found the country’s indigenous mutation, 501Y.V2, showed “substantial or complete escape” from the human body’s neutralizing antibodies that target Covid-19. “These data highlight the prospect of re-infection” and may “foreshadow reduced efficacy” of vaccines, according to the study, which has not yet been peer-reviewed.

Another larger, more generalized study of 43,000 people with Covid-19 antibodies in Qatar concluded that re-infection is “rare,” and that natural infection elicited strong protection against the virus for at least seven months. The South African variant features more genetic mutations than previous forms of the virus, including the E484K mutation, which appears to have an impact on the body’s immune response, potentially increasing the likelihood of re-infection. It accounts for more than 80 percent of cases in South Africa, and has spread to at least 32 countries worldwide.

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“This technique of using the next bombshell story to push the last one down a memory-hole — call it Bombholing — needed a polarized audience to work.”

The Bombhole Era (Matt Taibbi)

News in the Trump years became a narrative drama, with each day advancing a tale of worsening political emergency, driven by subplots involving familiar casts of characters, in the manner of episodic television. It worked, but news directors and editors hit a stumbling block. If you cover everything like there’s no tomorrow, what happens when there is, in fact, a tomorrow? The innovation was to use banner headlines to saturate news cycles, often to the exclusion of nearly any other news, before moving to the next controversy so quickly that mistakes, errors, or rhetorical letdowns were memory-holed. The American Napoleon generated controversies at such a fantastic rate that stations like CNN and MSNBC (and Fox too) were able to keep ratings high by moving from mania to mania, hyping stories on the way up but not always following them down.

The moment the narrative premise of any bombshell started to fray, the next story in line was bumped to the front. News outlets paid off old editorial promises with new headlines: Ponzi journalism. This technique of using the next bombshell story to push the last one down a memory-hole — call it Bombholing — needed a polarized audience to work. As surveys by organizations like the Pew Center showed, the different target demographics in Trump’s America increasingly did not communicate with one another. Democrats by 2020 were 91 percent of the New York Times audience and 95 percent of MSNBC’s, while Republicans were 93 percent of Fox viewers. When outlets overreached factually, it was possible, if not likely, that the original target audience would never learn the difference.

This reduced the incentive to be careful. Audiences devoured bombshells even when aware on a subconscious level that they might not hold up to scrutiny. If a story turned out to be incorrect, that was okay. News was now more about underlying narratives audiences felt were true and important. For conservatives, Trump was saving America from a conspiracy of elites. For “liberal” audiences, Trump was trying to assume dictatorial power, and the defenders of democracy were trying to stop him. A symbiosis developed. Where audiences once punished media companies for mistakes, now they rewarded them for serving up the pure heroin of shaky, first-draft-like blockbusters. They wanted to be in the trenches of information discovery. Audiences were choosing powerful highs over lasting ones.

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View from the left.

Cuomo And The Lincoln Project Are Media-Created Monsters (DP)

In the chaos of 2020, the national press corps used all of its magical mythmaking and storytelling powers to conjure two towering political heroes for a country in crisis. From the maw of the media machine, New York Gov. Andrew Cuomo and the Lincoln Project emerged as our alleged sentinels bravely battling a deadly pandemic and an authoritarian president — and supposedly leading us with principles and morality into a new era of accountability and integrity. For millions of credulous liberals already binging on West Wing reruns, the twin tales conjured some more of that good old-fashioned hope-and-change nostalgia, and seemed to serve as a cheeky reminder that not all heroes wear capes.


But in the last 24 hours, the entire façade has collapsed, revealing that those bravely trying to sound the alarm for months were right all along — and those benefiting from the media-driven fraud were attempting to evade accountability and self-servingly cover up a grotesquerie of mismanagement, corruption, and abuse. Will the wrongdoers face any consequences or accountability? Or will they be treated like the purveyors of previous frauds, like the Iraq War and the financial crisis, and continue to be platformed and valorized by the press corps? And will our media overlords engage in any self-reflection about the monsters they manufactured? The details of the two tales vary, but the narrative arcs are eerily similar. That they crescendoed in the same single news cycle makes their cautionary tales all the more poignant.

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About a year too late.

NY Dems Want To Strip Cuomo Of Coronavirus Emergency Powers (JTN)

Gov. Andrew Cuomo was reprimanded on Friday by a group of New York Democrats who are demanding that the governor be stripped of his emergency powers that he has exercised in response to the coronavirus pandemic in New York state. The reprimand came in a statement from 14 lawmakers who were acting following the news that Cuomo’s top aide, Melissa DeRosa, had admitted during a video conference call with Democratic leaders that the administration covered up the true extent of nursing home deaths in 2020 because they were concerned about a possible federal investigation by the Trump administration. The New York Post broke the story of DeRosa’s confession to the group of Democratic lawmakers who were thought to be put in a difficult situation as result of the coverup.


“While COVID-19 has tested the limits of our people and state — and, early during the pandemic, required the government to restructure decision making to render rapid, necessary public health judgments,” the prepared statement from the 14 Democratic state senators said — “it is clear that the expanded emergency powers granted to the Governor are no longer appropriate.” “While the executive’s authority to issue directives is due to expire on April 30, we urge the Senate to advance and adopt a repeal as expeditiously as possible.”

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Very toxic. Tucker’s take is dead on.

Inside the Lincoln Project’s ‘Toxic’ Workplace (19th)

The Lincoln Project’s founders were some of the highest-profile players in Republican politics before they rejected Trump and became apostates within their own party. There was George Conway, a high-profile conservative lawyer who is married to Kellyanne Conway, who was a top adviser to Trump. Weaver worked on Sen. John McCain’s presidential campaigns, as did Galen and Schmidt. Mike Madrid is a strategist specializing in Latinx voting trends. Jennifer Horn is a former GOP chair in New Hampshire. Wilson worked on Rudy Giuliani’s mayoral and Senate campaigns. Ron Steslow started his own consulting firm after working at the National Republican Senatorial Committee. Conway was the first to leave in August, citing family obligations. Weaver took medical leave around the same time.

A three-person board — Galen, Madrid and Steslow — was created without input from some of the other co-founders. Eventually, disputes over that board, and its scope, led to bitter infighting that involved individual co-founders lawyering up and threatening one another with “oppo” research, Washington speak for the type of negative information amassed by a political campaign or organization to use against a rival. In late 2020, Conway stepped in to help mediate what was quickly becoming a civil war within the organization. Madrid and Steslow departed in December after signing nondisclosure agreements and receiving separation packages that those familiar with the negotiations describe as lucrative.

On December 21, the Lincoln Project paid Madrid’s firm, Grassroots Lab, two round sum payments of $1.1 million and $300,000. On the same date, it paid Steslow’s firm, TUSK Digital, $900,000. All of the payments were described as for “political strategy consulting” on campaign finance filings. The Lincoln Project was organized as a super PAC, meaning it could raise and spend unlimited sums of money but had to disclose only basic details about where the money was going. The firms that some of the co-founders brought with them to the Lincoln Project’s work became a source of internal frustration, as more than half of the nearly $90 million raised by the project flowed to firms controlled by its various founders. Once it was there, there was usually no way to track how they spent or kept it.

As of late January, Galen’s firm, Summit Strategic Communications, had received roughly $27.5 million from the Lincoln Project, with the bulk of that going to “independent expenditures” such as television or Internet advertisements and nearly $7 million to consulting. Steslow’s firm, TUSK, received $22.4 million, with $7.1 million for consulting. Schmidt’s firm, SES Strategies, received $1.5 million for consulting, but he told the Chicago Tribune he returned it. Madrid’s Grassroots Lab received nearly $2.2 million for consulting services. The Lincoln Project paid Horn directly in amounts of $5,000 or $10,000 per month, campaign finance filings show. In the fall, she began receiving additional payments from LPTV, but in all, her annual compensation was approximately $150,000, sources familiar with the situation said.

Tucker Lincoln Project
https://twitter.com/i/status/1360413135144771585

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George Conway. Strange player in all this.

Lincoln Project Accused by its Own Co-Founder of Likely Criminality (Greenwald)

The group of life-long Republican Party consultants who, under the name “The Lincoln Project,” got very rich in 2020 with anti-Trump online messaging has spent weeks responding to numerous scandals on multiple fronts. Despite the gravity of those scandals, its conduct on Thursday night was in a whole new category of sleaze. It not only infuriated their long-time allies, but also constituted the abuse of Twitter’s platform to commit likely illegal acts. That the primary effect of the Lincoln Project was to personally enrich its key operatives by cynically exploiting the fears of U.S. liberals has long been obvious. Reporting throughout 2020 conclusively demonstrated that the vast majority of the tens of millions of dollars raised by the group was going to firms controlled by its founders.


One of its most prominent founders — GOP consultant Rick Wilson — personally collected $65,000 from liberals through GoFundMe for an anti-Trump film he kept promising but which never came; to this date, he refuses to explain what he did with that money. A study conducted after the 2020 election found that the group’s effect on the election’s outcome was trivial to non-existent — not surprising given its penchant for spending money on ads that aired in electorally irrelevant places such as Washington, D.C. or which circulated almost exclusively in liberal cable news and social media venues, and thus had no purpose other than to enable its consultants to take large commissions from the ad spending. They were producing ads solely for liberals, with the overriding intent not of defeating Trump but inflating their net worth. And it worked: until they were no longer needed.

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Do they ever.

Lincoln Project Faces Questions Over The Spending And Compensation (Turley)

The Lincoln Project has had a rough couple of weeks. One of its co-founders, John Weaver, was accused of sexual harassment of young men and the Project attacked him as a sexual predator. As co-founders like George Conway denied any real familiarity or interaction with Weaver, others accused of the Project of turning a blind eye to his conduct. Then one of its other co-founders, Jennifer Horn, resigned in protest only to be attacked by other Project members as allegedly trying to get more money out of the organization. Now, the Lincoln Project is having serious questions raised over its compensation for co-founders and an accounting for tens of millions of dollars that may have gone to them or their own firms. Lincoln famously declared “with malice toward none, with charity for all,” but the Lincoln Project is accused of malice towards many but charity for a few.

[..] The latest controversy comes after an Associated Press story that the Project was able to raise over $90 million but only spent a third of that ($27 million) on advertisements during the 2020 campaign. The AP noted “That leaves tens of millions of dollars that went toward expenses like production costs, overhead — and exorbitant consulting fees collected by members of the group.” It also suggested that the Project was using tactics to hide the money trial and spending decisions. Reporters Steve Peoples and Brian Slodysko said that “[t]he vast majority of the cash was split among consulting firms controlled by its founders, including about $27 million paid to a small firm controlled by Galen and another $21 million paid to a boutique firm run by former Lincoln Project member Ron Steslow, campaign finance disclosures show.”

I have been critical of some of the Lincoln Project commercials and advertisements. However, my main objection was its role in harassing and even doxxing lawyers who represented the Trump campaign or the Republican party. That effort was funded by thousands of lawyers as well as Democratic donors. At first, I thought the Lincoln Project could serve a useful role in establishing a Republican opposition base to Trump and add greater diversity in the party. Instead, it adopted increasingly juvenile and vicious ads that seemed to pander to the lowest common denominator in politics. This week the Lincoln Project ad features a chicken and taunts Trump for declining to testify despite the fact that presidents traditionally have not testified and such a decision should not be treated as evidence of guilt.

Yet, such commercials play well to donors and bring in more money. The question is whether the windfall of money was the byproduct or the purpose of the Project’s founding. The AP story suggests that the Project has used accounting systems that make it difficult to track payments. The Project can easily make this all transparent. While no one is going to run ads showing the founders juxtaposed with chickens, a few donors may want to know if the founders enriched themselves and their firms as part of the 2020 campaign.

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Pandora’s box.

Trump Lawyers Argue His Jan. 6 Rhetoric Is ‘Protected’ Free Speech (JTN)

Attorney David Schoen argued the impeachment managers relied heavily on media reports to make their case against Trump rather than actual evidence. He said people get more “due process” fighting a parking ticket than Trump did in this trial. Schoen also questioned why the House managers held the “never-before-seen” Capitol security footage and did not release it to the public or Trump himself ahead of the trial. Schoen also argued that the House impeachment managers “manipulated” Trump’s words when playing a clip of him saying there were “fine people on both sides” after the Charlottesville protest. The full remarks included Trump denouncing white supremacists and neo-Nazis.

The House impeachment managers focused heavily on Trump’s “fight like hell” comment during his Jan. 6 speech. Schoen showed video clips of Democrats using rhetoric that could be interpreted as violent. His video montage included House Speaker Nancy Pelosi saying Democrats have to learn how to “throw a punch” and former Vice President Joe Biden saying he would “beat the hell” out of Trump in high school. He also played clips of Democrats like then-Sen. Kamala Harris saying Democrats have to “fight” in the Trump era. “We like a good fight,” Harris said.

House impeachment managers argued that Trump’s “stop the steal” message was unprecedented. To respond to that argument, Schoen showed video of 2016 Democratic presidential nominee Hillary Clinton saying that you could be a major political party’s presidential nominee and have the election “stolen” from you. He also played Democratic Ohio Sen. Sherrod Brown saying Stacey Abrams’ gubernatorial election was “stolen” from her. Van der Veen played additional video of “robust” rhetoric from Democrats about punching Trump in the face and said the First Amendment should be applied “evenly.” “All robust speech should be protected and it should be protected evenly for all of us,” he said. “The Senate cannot ignore the First Amendment.”

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“..when lead House impeachment manager Jamie Raskin (D-Maryland) got caught lying on Wednesday about the content of an alleged telephone call between Trump and a Republican senator during the Capitol riot, he admitted that his claim was false and shrugged it off.”

MSM’s Narrative About The Murderous Capitol Mob Has Collapsed (Cox)

As their dishonest narrative collapses around them, mainstream media outlets and Democrat politicians are trying to hold together their latest bid to destroy Donald Trump, but some of the lies are getting too big to shrug off. I’m reminded of the media-speak popularized during the Trump era – lightly used words or phrases that became ubiquitous in the talking points, like “violating norms” – especially the term “debunked.” In the eyes of MSM and their controllers, Trump was a president who needed to be debunked thousands of times. Whether it was about the size of his Inauguration Day crowd, the animal-like savagery of MS-13 gang-bangers or the fact that Haiti is “a s**thole”, any Trump claim had to be debunked, false or not.

When an obnoxious loudmouth constantly blurts out things that lift the skirt on the ruling class’ treachery, his voice must be discredited. And even if just part of his story can be attacked, the rest will be forgotten. It’s like a Jenga game where all the pieces automatically fall down when one is removed. But the same standard doesn’t apply to the media’s own story lines. No matter how many times MSM and establishment politicians are exposed as liars — from the MLK bust in the Oval Office to the Russia collusion hoax — the people are supposed to keep believing the gist of their arguments. The Jenga tower can be levitating with entire floors missing, but the con artists insist that it’s still standing. We’re seeing it again in Trump’s second Senate impeachment trial. Giant holes have been blown in the MSM-DNC narrative about the January 6 “insurrection” at the US Capitol, but that’s not supposed to matter.

For instance, when lead House impeachment manager Jamie Raskin (D-Maryland) got caught lying on Wednesday about the content of an alleged telephone call between Trump and a Republican senator during the Capitol riot, he admitted that his claim was false and shrugged it off. “This is much ado about nothing because it’s not critical in any way to our case,” he said. Never mind that the point was apparently considered important enough to submit as evidence. Raskin was essentially allowed to wriggle out as if he said, “The fact that we’re lying about this doesn’t reflect whatsoever on the veracity of anything else we’re telling you.” A far bigger and more central piece of the impeachment Jenga tower shouldn’t be sloughed off so easily. In fact, Capitol Police officer Brian Sicknick is so central to the narrative that his cremated remains were displayed in honor at the Capitol Rotunda to remind everyone of the viciousness of the alleged Trump domestic-terrorism army.

The tale of the brutal Trump mob is always punctuated with the fact that five people were “killed” during the riot, er, “white-supremacist insurrection.” One of those people was Ashli Babbitt, one of the rioters, who was fatally shot by a law enforcement officer. Three others were election-fraud protesters who died from health crises – a heart attack, a stroke and an unidentified medical emergency – during the January 6 demonstration and riot. The talking heads who wish Trump supporters dead in every other case are counting Trump supporters in the death toll from an incident perpetrated primarily by Trump supporters. It’s as if they’re leading a story on a hostage crisis by saying that 30 people were killed without mentioning that 25 of those were hostage takers, including 22 who died of food poisoning.

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hypothetical

Hillary Clinton Could Be Charged Under Precedent Set In Trump Trial (RT)

A lawyer for former president Donald Trump said the current impeachment drive is a partisan effort that could backfire on Democrats if they lose leverage, suggesting ex-secretary of state Hillary Clinton could also be impeached. Responding to a question from Senator Marco Rubio (R-Florida) during Friday’s impeachment hearing, Trump attorney Michael van der Veen argued that the Obama-era secretary could face similar impeachment proceedings sometime in the future. “Is it not true that under this new precedent, a future House – facing partisan pressure to ‘lock her up’ – could impeach a former secretary of state, and a future Senate be forced to put her on trial and potentially disqualify her from any future office?” Rubio asked.

“If you see it their way, yes,” van der Veen said, referring to the Democratic impeachment managers. “If you do this the way they want it done, that could happen to the example there – a former secretary of state – but it could happen to a lot of people. And that’s not the way this is supposed to work.” The lead impeachment manager in the House, Jamie Raskin (D-Maryland), pushed back, however, insisting Rubio’s hypothetical had “no bearing on this case,” as Clinton “was not impeached in office for conduct while in office.” At Friday’s hearing, the Trump lawyer also argued that the ex-president’s statements leading up to the January 6 riot on Capitol Hill – which he is accused of “inciting” as the basis of the impeachment effort – were “virtually indistinguishable” from rhetoric used by American politicians for “hundreds of years.”

“Countless politicians have spoken of ‘fighting for our principles.’ Joe Biden’s campaign slogan was ‘Battle for the Soul of America.’ No human being seriously believes that the use of such metaphorical terminology is incitement to political violence,” van der Veen said. He added that while Trump at no point engaged in “language of incitement,” many Democrats in Washington have themselves resorted to “profoundly reckless, dangerous and inflammatory rhetoric in recent years,” singling out Clinton, who he said “ridiculously declared the [2016] election [was] stolen by Russia.”

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“Do you understand what you have done?”

Great Reset? Putin Says, “Not So Fast” (Luongo)

Did you happen to catch the most important political speech of the last six years? It would have been easy to miss given everything going on. In fact, I almost did, and this speech sits at the intersection of nearly all of my areas of intense study. The annual World Economic Forum took place last week via teleconference, what I’m calling Virtual Davos, and at this year’s event, of course, the signature topic was their project called the Great Reset. But if the WEF was so intent on presenting the best face for the Great Reset to the world it wouldn’t have invited either Chinese Premier Xi Jinping or, more importantly, Russian President Vladimir Putin. And it was Putin’s speech that brought down the house of cards that is the agenda of the WEF.

The last time someone walked into a major international forum and issued such a scathing critique of the current geopolitical landscape was Putin’s speech to the United Nations on September 29th, 2015, two days before he sent a small contingency of Russian air support to Syria. There he excoriated not only the U.N. by name but most importantly the U.S. and its NATO allies by inference asking the most salient question, “Do you understand what you have done?” having unleashed chaos in an already chaotic part of the world? As important as that speech was it was Putin’s actions after that which defined the current era of geopolitical chess across the Eurasian continent. Syria became the nexus around which the resistance to the “ISIS is invincible” narrative unraveled

And the mystery of who was behind ISIS, namely the Obama administration, was revealed to anyone paying attention. President Trump may have taken credit for beating ISIS, but it was mostly Putin and Russia’s forces retaking the Western part of Syria which allowed that to happen, while our globalist generals, like James Mattis, did as much damage to Syria itself and as little to ISIS as possible, hoping to use them again another day. And regardless of whether you agree or disagree with the U.S.’s policy in Syria, which I most definitely do not, it is hard to argue that Russia’s intervention there fundamentally changed the regional politics and conflicts for the foreseeable future.

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Jim needs some time to re-focus.

The Trials of Wokery (Kunstler)

How do you like the party you supposedly voted into power so far? Or is it perhaps too much to say they were actually voted into anything? And if so — if there was something, let’s say, a little irregular with the ballot tabulation, maybe even more than a little — have they not succeeded splendidly in pissing-off more than half the people across the land? And then attempted to rub that half’s faces into the squishy, fetid loam of the DC Swamp? I’d say that every move they make, every breath they take, seems calculated to spark a new civil war. Yesterday’s spiteful exercise in cognitive dissonance was a humdinger: Mr. Biden threatened to cut off travel to Florida for flouting his regime’s policy on Covid-19 lockdowns, while over in Texas (and several other states), he ordered a general unlocking-down of the border with Mexico, permitting the unchecked illegal ingress of thousands of possible Covid-19 carriers a day. Ron DeSantis, Florida’s governor, responded, saying — if I may paraphrase — see you in court, asshole.

Meanwhile, the cancellation reign-of-terror among the regime’s self-appointed guardians of Wokeness rages on. In the name of diversity and inclusion, no one in the USA is allowed to publicly question the Woke narrative of the moment, or else be deprived of your livelihood. The New York Times fired forty-year veteran science reporter Donald G. McNeil, Jr., for using the freighted word “n*gg*r” while answering a student’s question about the history of the word’s usage, just as I am explaining his use of it in the incident at issue — that is, academically.

Though Mr. McNeil’s intent was incontrovertibly innocent as viewed by persons not insane — including, only briefly, the paper’s executive editor Dean Baquet — the decision to not sack Mr. McNeil provoked a reflexive uproar among the Times’s staff, as something in the wind might provoke a flight of grasshoppers transforming into a swarm of locusts, and Mr. Baquet reversed himself, forcing Mr. McNeil to choose demotion or resignation. Then, to make matters worse, the Times’s publisher, AG Sulzberger, spiked a column by nominally “conservative” op-ed writer Bret Stephens that attempted to argue some legalistic points about intent in the conduct of a witch hunt, an apparent affront to the Times’s witch-hunters, who seem to prefer their witch-hunting as a straight-up blood sport.

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“If you survive until tomorrow, it could mean that either a) you are more likely to be immortal or b) that you are closer to death.”
– Nassim Nicholas Taleb in The Black Swan

 

 

 

 

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Jul 132020
 


Berenice Abbott New York City at Night 1932

 

Florida Sets Record For Single-Day Covid19 Cases As Disney World Reopens (DL)
Who When Where: No Word On WHO Experts’ Coronavirus Trip To China (SCMP)
One In Three South Korean COVID19 Patients Improve With Remdesivir (R.)
Looming Evictions May Soon Make 28 Million Homeless In US (CNBC)
“Too Big To Fail” Banks face Their Worst Quarter Since The Financial Crisis (ZH)
Coronavirus Brings Record $1 Trillion Of New Global Corporate Debt In 2020 (R.)
Tesla Slashes Model Y SUV Price Four Months After Launch (R.)
Coronavirus Has Shown us How to Stop a Climate Disaster (BT)
American Collusion: Weaponizing Media, Big-Tech, & Government (ZH)
That Kind Of Memory Hole Is A Nightmare (Higgins)

 

 

The WHO says yesterday set a new world record. They’re two days behind Worldometer. But bad enough anyway. Florida is something else.

 

 

 

 

 

 

 

 

 

 

 

 

Ben Hunt

Ben Hunt Fauci

 

 

“This is an American tragedy.”

Florida Sets Record For Single-Day Covid19 Cases As Disney World Reopens (DL)

Even as Disney World reopens and the Florida state government was being pushed to host in-person classes for the fall school semester, the Sunshine State is setting new records for COVID-19 cases. The Florida Department of Health reported 15,299 new coronavirus cases Sunday. That’s the highest total for any state since the pandemic started. Florida holds the dubious record for second-highest as well, coming in with 11, 434 new cases on July 4, per Johns Hopkins University. Florida’s test positivity rate is a whopping 19.60%, Johns Hopkins said.


Florida Rep. Donna Shalala said the virus is “out of control,” and said it’s likely a second economic shutdown looms. “It’s out of control across the state because our governor won’t even tell everybody to wear masks. At least in Miami-Dade county, everyone must wear a mask when they’re outside,” she told CNN Saturday night. “This is an American tragedy.” About 40 hospitals across Florida have no ICU beds available, according to state data.

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What should we expect from this? Water under the bridge.

Who When Where: No Word On WHO Experts’ Coronavirus Trip To China (SCMP)

A World Health Organisation advance team is in the Chinese capital this weekend but few other details have been released about a mission that could lay the groundwork for an investigation into the origins of the coronavirus pandemic. The WHO said last week that two experts – an animal health specialist and an epidemiologist – would start work on Saturday but by Sunday evening there was still no word on the name of the specialists, the schedule of the trip, and their agenda. Chinese authorities did not make a statement about the visitors on the weekend and the Chinese media did not report their arrival. And no Chinese institution, including the Chinese Centre for Disease Control and Prevention, confirmed that it had or would confer with the WHO experts.


Associated Press reported that the two experts were in Beijing on Saturday and Sunday. Their mission is to work with Chinese health officials and scientists to prepare for a larger WHO-led international task force at an undisclosed date. The mission is widely seen as a way to bring more transparency and cooperation to the search for the animal origins of the virus, first identified in Wuhan in central China late last year. But the origins of the pandemic are mired in politics. Some senior members of the US administration have blamed China for the pandemic, including making unsupported claims that the virus could have emerged in a Wuhan laboratory. Chinese officials have pushed back, defending the country’s handling of the outbreak and saying the identification of the virus in China does not mean it originated there.

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This is an ad. It’s about the headline. Read the article and there’s nothing there: “More research was needed to determine if the improvement was attributable to the drug or other factors..”

One In Three South Korean COVID19 Patients Improve With Remdesivir (R.)

One in three South Korean patients seriously ill with COVID-19 showed an improvement in their condition after being given Gilead Sciences Inc’s (GILD.O) antiviral remdesivir, health authorities said. More research was needed to determine if the improvement was attributable to the drug or other factors such as patients’ immunity and other therapies, they said. Remdesivir has been at the forefront of the global battle against COVID-19 after the intravenously administered medicine helped shorten hospital recovery times in a U.S. clinical trial. Several countries including South Korea have added the drug to the list of treatment for the disease caused by the novel coronavirus. There is no approved vaccine for it.


In its latest update on the drug, Gilead said on Friday an analysis showed remdesivir helped reduce the risk of death in severely ill COVID-19 patients but cautioned that rigorous clinical trials were needed to confirm the benefit. The Korea Centers for Disease Control and Prevention reported on Saturday results from a first group of 27 patients given remdesivir in different hospitals. Nine of the patients showed an improvement in their condition, 15 showed no change, and three worsened, KCDC deputy director Kwon Jun-wook told a briefing. The result had yet to be compared with a control group and more analysis was needed to conclude remdesivir’s benefit, Kwon said.

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This is not a fantasy, it’s set to happen. The bottom is falling out.

Looming Evictions May Soon Make 28 Million Homeless In US (CNBC)

Emily Benfer is the chair of the American Bar Association’s Task Force Committee on Eviction and co-creator of the COVID-19 Housing Policy Scorecard with the Eviction Lab at Princeton University. CNBC: How does the eviction crisis brought on by the pandemic compare with the 2008 housing crisis? Emily Benfer: We have never seen this extent of eviction in such a truncated amount of time in our history. We can expect this to increase dramatically in the coming weeks and months, especially as the limited support and intervention measures that are in place start to expire. About 10 million people, over a period of years, were displaced from their homes following the foreclosure crisis in 2008. We’re looking at 20 million to 28 million people in this moment, between now and September, facing eviction.

CNBC: You study the intersection of housing and health. What will all these evictions mean for people’s health during the pandemic?

EB: Eviction negatively impacts the trajectory of an individual’s life, and it can do that in a permanent way. Studies have demonstrated that eviction causes increased mortality and causes respiratory distress, which in the Covid-19 pandemic can put people in even greater peril. It results in depression, suicides and other poor health outcomes. And the primary response to Covid-19 has been to shelter in place. If there’s an increase in homelessness [one economist estimates homelessness could rise by more than 40% this year], that could spread the virus.

CNBC: You’ve been keeping track of what states are doing to protect tenants, mostly through eviction moratoriums. How do you feel the efforts have fallen short?

EB: Some of the moratoriums are limited to different segments of the population, and in their duration. They were also not coupled with financial assistance to ensure that renters don’t accrue this backed-up debt and are stabilized enough to stay in their unit. Another issue is that in some states, landlords were allowed to go forward with a hearing on eviction, and even receive an order of eviction, and it was only forestalled at the execution stage. That means that there are a number of evictions that are just waiting for the sheriffs to execute. The moment the moratoriums lift, all of those families will be immediately put out. And right now, 29 states lack any state level moratorium against evictions.

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As millions of Americans will be evicted, the banks will be bailed out.

“Too Big To Fail” Banks face Their Worst Quarter Since The Financial Crisis (ZH)

U.S. banks could be setting up for their worst quarter in more than a decade as loan loss provisions and the pandemic are set to wreak havoc on bottom lines. Next week, many of the “too big to fail” banks are set to report earnings and are likely going to show that a drop in consumer spending and higher loan losses were not offset by better trading gains. Loan-loss provisions should reach their highest levels since the financial crisis, Barclay’s predicts. Kyle Sanders, an analyst at Edward Jones, told Bloomberg: “We’ve got a full three months of the pandemic coming through the numbers now. The first quarter was rough, but it really only reflected a couple of weeks in March.”

Loan losses are expected to rise as spiking unemployment has left many unable to service, or pay back, their loans. New loans have also dried up as banks tighten their belts. Service charges and credit card fees are also likely going to fall, as large portions of the American economy were shut down for months, suffocating economic activity. And while many banking stocks have recovered somewhat, the S&P 500 Financials index is still down 26% since last December. Wells Fargo alone is down 55% this year and is expected to announce a dividend cut. Bloomberg has predicted that despite increasing provisions in the first quarter of the year, banks are still going to have their worst quarter in a decade when they report this upcoming week.


Wells Fargo Chief Financial Officer John Shrewsberry commented last month that the bank would likely set aside more for bad loans in Q2 than the $4 billion it set aside in Q1. Banks will be looking to trading and underwriting to help try and salvage the quarter. Stock and bond trading was likely up about 31% in Q2 according to estimates. JP Morgan is expected to post the largest increase of about 50%. Citigroup Inc.’s Richard Zogheb, global head of the debt capital-markets division, said he thinks there will be record volumes in trading for the quarter. This stands at odds with previous cyclical downturns, where investment banking and trading revenue would fall as much as 30%.

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Free money. Much of it will also be bailed out, so why worry?

Coronavirus Brings Record $1 Trillion Of New Global Corporate Debt In 2020 (R.)

Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new study of 900 top firms has estimated. The unprecedented increase will see total global corporate debt jump by 12% to around $9.3 trillion, adding to years of accumulation that has left the world’s most indebted firms owing as much as many medium-sized countries. Last year also saw a sharp 8% rise, driven by mergers and acquisitions, and by firms borrowing to fund share buybacks and dividends. But this year’s jump will be for an entirely different reason – preservation as the virus saps profits. “COVID has changed everything,” said Seth Meyer, a portfolio manager at Janus Henderson, the firm that compiled the analysis for a new corporate debt index.


“Now it is about conserving capital and building a fortified balance sheet”. Companies tapped bond markets for $384 billion between January and May, and Meyer estimates that recent weeks have set a new record for debt issuance from riskier “high yield” firms with lower credit ratings. Lending markets had slammed shut for all but the most trusted firms in March, but have been opened up wide again by emergency corporate debt buying programmes from central banks like the U.S. Federal Reserve, the European Central Bank and Bank of Japan. Companies included in the new debt index already owe almost 40% more than they did in 2014, and growth in debt has comfortably outstripped growth in profits.

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“..the first time in the company’s 17-year history that one of its new vehicles turned a profit in its first quarter..”

Tesla Slashes Model Y SUV Price Four Months After Launch (R.)

Tesla cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. The reduction follows price cuts in May on Tesla’s Model 3, Model X and Model S. The company headed by Elon Musk this month posted a smaller-than-expected fall in car deliveries in the second quarter, resilient results despite the pandemic that hit the global auto industry. The Model Y now starts at $49,990, down nearly 6% from its previous price of $52,990, according to the carmaker’s website.


Tesla did not immediately respond to a Reuters request for comment. The company started deliveries of the Model Y in March, promising a much-awaited crossover that will face competition from European carmakers like Volkswagen rolling out their own electric rivals. In April, Tesla had said the Model Y was already profitable, marking the first time in the company’s 17-year history that one of its new vehicles turned a profit in its first quarter.

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So we’re going to stop the climate disaster through sheer incompetence?

Sorry, but these sort of things bring out the skeptic in me like little else. I get that they mean well, but…

Let’s begin with scrapping terms like zero carbon, zero emissions and green energy. They are misleading nonsense.

“..for the first time ever, a group of intellectuals associated with Extinction Rebellion (XR) lay out a post-COVID-19 vision for the policies that could deal with the multiple crises we now face — and how a renewal of democracy is essential to save us from future health and ecological disasters. This statement is published exclusively in Byline Times by the XR ‘Brains Trust’, a group of thinkers including David Graeber, Illona Otto, Rupert Read, Jason Hickel, Steve Keen, Steve Melia, Henry Muss, George Barda and Rebecca Bowers.

Coronavirus Has Shown us How to Stop a Climate Disaster (BT)

According to economic textbooks, the role of finance is to allocate economic resources towards best meeting future needs. In the process, we are always told, this guarantees freedom, happiness, and well-being. Global financial markets are, therefore, a kind of superior, planetary substitute for state systems of central planning. But if so, it’s hard to imagine how they could do a more disastrous job, careering from crisis to crisis, requiring endless bailouts, while concentrating most of the world’s wealth in a tiny number of hands, wiping out species after species, and, immanently, rendering large swathes of the planet uninhabitable.

The only plausible explanation is that the economic textbooks are wrong. Global financial markets aren’t really ways of directing resources towards future benefit. They aren’t even really markets. They are power arrangements, which mainly operate by colluding with Governments to extract rents, largely, by creating public and private debt. In these areas, the public and private sector become so closely entwined that it’s difficult to even distinguish them. For instance, the crisis has made clear that Governments with their own currencies are perfectly capable of creating money at will, simply by getting the Central Bank to buy bonds from the Treasury. This can either be done directly, or via the contrivance of selling them first to the finance sector and then buying them back.

So, it follows, the same resources now devoted to keeping destructive industries afloat could simply be redirected to do the opposite. There is no reason not to allow fossil fuel, air travel, and much of current construction to simply collapse for lack of subsidy; redirecting the money instead to green projects, retraining, and a basic citizen’s income. The only way to guarantee humans are protected from future catastrophe then is to ensure a dramatic shift of power relations. Do we expect Governments to just go right ahead and implement this? Obviously not.

Governments are ultimately answerable to their citizens, and one thing citizens clearly don’t want, is to go back to how things were before. A recent survey found only 9% of British citizens want to return to life as it was pre-COVID-19. We can be certain there will never again be such reliance on air travel or commuting. And it’s unlikely citizens will ever again blindly accept ‘there’s just no money’ as an argument for failing to invest or to help the poor. The magic money tree was found, after all, this April.

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“..de facto gatekeepers of information..”

American Collusion: Weaponizing Media, Big-Tech, & Government (ZH)

In late October 2016, Jason Sullivan – then chief Twitter strategist for Roger Stone, used a data-mining tool he created, Power10, to peer into the public sentiment of the election. Outgunning the antiquated polling surveys that got it so wrong, Sullivan witnessed candidate Hilary Clinton catch up to Trump two weeks before the election in real time. He then saw, a few days later, how FBI Director James Comey gave Clinton a temporary boost that helped her overtake Trump when he announced the bureau would reopen the investigation into her email scandal. Since that time, Jason Sullivan hasn’t told his story about what happened behind the scenes leading to the biggest presidential upset election in more than a century. He wasn’t able to.

That’s because the FBI swept Sullivan up in a dawn raid in early 2018, after intimidating other members of his family. The FBI hauled him off to testify under oath of perjury before the Mueller team. Surviving the FBI interrogation, Jason Sullivan retreated from the social media spotlight. That was until this June when he saw the establishment’s coordinated effort to tilt the 2020 election against President Trump, again. The COVID-19 outbreak and subsequent lockdowns gave blue states cover for an all mail-in paper election. The Black Lives Matter (BLM) and Antifa protests, looting and riots further shut down cities across the United States. Some posed the theory that funds donated to BLM flow through ActBlue, another political front company, and into the DNC.

The biggest lever in tilting the election this year, however, emerges with the collusion between the mainstream media and the tech giants as de facto gatekeepers of information. They wield tremendous power to determine what can and cannot be said, seen, shared and posted. They include Twitter, Facebook, Google and YouTube, among others. All this boils down to one objective: Censorship. Surviving the Mueller interrogation, Sullivan developed a strong opinion on both censorship and what transpired during the last presidential election. “On November 8th, 2016, all the laws of gravity were completely defied, and the legitimacy of every last one of the traditional political polls were utterly destroyed and proven beyond a shadow of a doubt to be completely inaccurate in what went down as the single biggest political upset in modern-day history,” Sullivan said.

“The DNC, Hilary Clinton, the Obama administration, all the Democrats, all the leading newspapers and publications, the establishment Republicans and the RINOs were ALL completely caught flat-footed! If any one of the traditional polls were remotely accurate, candidate Trump did not stand a snowball’s chance in hell of winning the presidential election.” Sullivan concluded his first salvo, stating, “There is no one today who will argue that Donald Trump won the presidency because of social media … not even President Trump. But social media is what allowed candidate Donald Trump to completely circumvent the mainstream media and get his message out directly to the people.”

On Twitter shadow-banning, Sullivan observed the “systemized censorship that if Twitter staff members didn’t like a user’s tweet, they would zap the user’s account, for a period of time. Meaning, everything the user would post would not show up on any of his followers news feeds. It’s like getting hit with a digital stun gun.”

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Orange Man Bad is a profit machine for left and right.

That Kind Of Memory Hole Is A Nightmare (Higgins)

Liberals are losing their minds over the Lincoln Project, a political action committee made up of a coalition of Republican strategists and admen who raised $16.8 million this past quarter to continue their mission of making commercials and posts aimed at upsetting Donald Trump. The group has been regularly praised for its “fearlessness” and the “powerful” content of its ads, liberals say, deeming the anti-Trump commercials “MUST WATCH” because “they are driving him crazy.”

A recent example used the coronavirus pandemic to make the case that Trump is an existential threat to the country. “If we have another four years of this, will there even be (big dramatic pause) an America?” asks a passably Ronald Reagan-imitating voice actor as somber music plays in the background in the punny “Mourning in America”-titled ad that came out this week. It was celebrated by Politico’s Joanna Weiss as a “masterful nugget of compact filmmaking.” Unsurprisingly for a group of former aides to Republican campaigns and party attachés who have run in the same circles for decades, the Lincoln Project is made up of exactly the kind of people who liberals profess to loathe: a collection of right-wing ghouls dominated by angry white men with bigoted, racist views that they’ve seldom been shy about sharing.

The group is reportedly little more than a slush fund for its members. A study on the Lincoln Project from the Center for Responsive Politics in May found the group’s finances suspect, at best, and that the organization was acting as a funnel for what The Atlantic called the coalition’s “motley crew” of leadership by directing the PAC’s cash to the interests and businesses of its directors and staff. “The Lincoln Project reported spending nearly $1.4 million through March,” the Center explained. “Almost all of that money went to the group’s board members and firms run by them.”

The Lincoln Project’s Team is led by eight founders and ten senior advisors, but the group’s core four is made up of George Conway, Steve Schmidt, John Weaver, and Rick Wilson. The quartet self-importantly announced the formation of their PAC in a tedious opinion piece for the New York Times last December, claiming that Trump represents some great departure from American conservatism (beyond saying the quiet part loud) and concluded the piece by likening their consultancy-trough-feeding and make-work organization to the Union forces in the Civil War.

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