Mar 292024
 


Rembrandt van Rijn Christ and St Mary Magdalene at the Tomb 1638

 

Washington Crossed a Fatal Red Line with the Crocus Attack (Paul Craig Roberts)
Statements By Alexander Bortnikov, Director of FSB (Doctorow)
FTX Founder Sam Bankman-Fried Sentenced To 25 Years In Prison (ZH)
Avenatti: Michael Cohen Was Having Affair With Stormy Daniels Since 2006 (GP)
Putin Friendship Could Help End Ukraine Conflict – Ex-German Chancellor (RT)
Ukraine Needs Air Defense To Boost Birth Rate – Zelensky (RT)
‘Russia for Russians’ Slogans Alarming – Putin (RT)
China Opposes US Practice of Creating Enemies Out of Thin Air (Sp.)
Who’s Running the EU? Big Global Corporations Which Aren’t Even European! (Jay)
UN Court Orders Israel To Let Food Into Gaza (RT)
UK Won’t Extradite Assange While Risk of Death Penalty Remains – Tory (Sp.)
The Crucifixion of Julian Assange (Chris Hedges)
Biden To Host Star-studded NYC Fundraiser With Obama And Clinton (BBC)
Maori King Calls For Recognizing Whales As People (RT)

 

 

 

 

Trump stocks

 

 

Trump Bragg
https://twitter.com/i/status/1773034485077921940

 

 

Watters Diddy

 

 


Life is the art of drawing without an eraser. – John W. Gardner

 

 

Macgregor
https://twitter.com/i/status/1773336445173829641

 

 

Scott Ritter

 

 

 

 

 

 

“Television talk is suddenly very violent with talk of flattening Kharkiv and Kiev and bringing a quick end to the conflict..”

Washington Crossed a Fatal Red Line with the Crocus Attack (Paul Craig Roberts)

Gilbert Doctorow Now Confirms with his own analysis my prediction that Putin’s toleration of provocations is spinning the Ukraine conflict out of control. Doctorow is a careful analyst never overstating a situation. In this interview he says that the FSB statement implicating the US and UK governments in the Crocus attack had to have been approved by Putin and that implicating the US and UK in the Crocus attack has brought us to the level of danger of the Cuban Missile Crisis. Doctorow reports that Russian television has undergone a massive change following the Crocus attack. Commentators are unwilling to accept any longer Putin’s nonresponse to attacks on Russians. Television talk is suddenly very violent with talk of flattening Kharkiv and Kiev and bringing a quick end to the conflict that has been permitted to endure for far too long. It seems that a fatal red line has been crossed.

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“..Russian state security on 8 March was too tight for the terrorist mission to succeed and the United States decided to pull the plug on that operation..”

Statements By Alexander Bortnikov, Director of FSB (Doctorow)

To the uninitiated, I explain first that the FSB is the successor organization to the Soviet Union’s well-known and much feared KGB. However, the FSB today might be better compared with the FBI in the United States. It deals with domestic criminality of all kinds and with threats to Russian civilians such as terrorism. The agency and its head are rarely in the news. In this respect, the FSB is less visible both at home and abroad than the Foreign Intelligence Service headed by Sergei Naryshkin, a state figure who spent five years of this millennium as chairman of the State Duma, Russia’s lower house of the legislature, and also three years as head of the Presidential Administration. In both positions Naryshkin was very often seen on television performing his duties.

By contrast, Bortnikov spent the past 15 years in his FSB offices out of sight. However, the spectacular attack on the Crocus City Hall concert venue has propelled him to center stage and yesterday he met with the Russian state television journalist Pavel Zarubin for an interview and then allowed himself to be questioned further by a gaggle of other journalists on his way out along a corridor. This spontaneous Q&A was later broadcast on the television news. What Bortnikov had to say was extraordinary and bears directly on whether you and I should now be looking for bomb shelters. Regrettably you will not find any of it in the lead stories of today’s mainstream media. The Financial Times, for example, features an account of Xi’s meeting with CEOs of American businesses to mend ties: interesting, but not very relevant if we are at the cusp of WWIII.

*****
Bortnikov is by definition a member of Vladimir Putin’s inner circle of advisors. He, Putin and Naryshkin are all roughly the same age. At 72, Bortnikov is just several years older. I was struck in particular by his poise and prudent, carefully weighed choice of words while setting out where the investigation is heading with transparency and a ‘let the chips fall where they may’ unaffected demeanor. The journalists were all probing the question of who stood behind the terror attack. Bortnikov told them…and us: standing behind the terror act committed by Islamist extremists are the United States, Great Britain and Ukraine.

Bortnikov said that the preliminary findings indicate that the four perpetrators of the slaughter were headed by car to the border with Ukraine where they were awaited on the other side. He very calmly explained that the involvement of foreign powers is being clarified and that he will say nothing out of pure emotion now but will wait for the facts to be solidly collected before being presented. Nonetheless, it was entirely newsworthy that he named the United States, Great Britain and Ukraine as the likely puppet masters of the terror act. Let us remember that following the bombing of the Nord Stream pipelines, the most significant attack on critical civilian infrastructure globally in the last 50 years, Russian officials did not point the finger directly at any country. There was innuendo but no direct accusations such as we heard from Bortnikov yesterday.

*****
Meanwhile, quite apart from Mr. Bortnikov’s chat with journalists, a lot of new elements to the terror attack at Crocus City Hall were posted yesterday on the Russian state television news and analysis program Sixty Minutes. In particular, we learned that in the last days of February and first couple of days of March two of the four attackers were in Istanbul. The departure and arrival of one at a Moscow airport was recorded on video. We were told which hotels they stayed in, and the selfies and other photos taken by one in Istanbul were put up on the screen. It is still not clear with whom they met in Turkey. However, the timing itself is very important, because the point was made that they returned to Moscow to carry out a terror attack on 8 March, International Women’s Day, a sacred date on the Russian calendar. Had they done so on that day, the effect would have been catastrophic for the presidential elections in Russia one week later.

However, per Sixty Minutes, it was determined that Russian state security on 8 March was too tight for the terrorist mission to succeed and the United States decided to pull the plug on that operation. Note that this is approximately the time when Victoria Nuland tendered her resignation at the State Department (5 March). The possible causal link here surely deserves attention by my peers in the U.S. ‘dissident’ community. In any case, the scenario which was explored later in the day on the Evening with Vladimir Solovyov talk show is that the Ukrainians decided to proceed with the terror attack a week after the Russian presidential elections, when it lost most of its rationale. They did so over the objections of Washington.

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SBF donated many millions to the Democrats. His victims would like that money back, please.

FTX Founder Sam Bankman-Fried Sentenced To 25 Years In Prison (ZH)

And there it is – Bankman-Fried sentenced to 25 years in prison – more than Elizabeth Holmes, less than Bernie Madoff, same as Bernie Ebbers. SBF will also have to forfeit more than $11 billion. Judge Kaplan did not hold back during his sentencing: “When not lying, he was evasive, hair splitting, trying to get the prosecutors to rephrase questions for him. I’ve been doing this job for close for 30 years. I’ve never seen a performance like that.”

Update (1105ET): Just before the federal judge was about to sentence Bankman-Fried in his fraud case, the former FTX founder said that he was “sorry.” “I know a lot of people feel really let down,” he said at his sentencing hearing Thursday morning in lower Manhattan. “I’m sorry about that. I’m sorry about what happened at every stage.” “All of the company followed me across the earth, across continents, burning the midnight oil working until 2 a.m., 4 a.m., dedicated to FTX,” he said in a plea for leniency. “I remember so many of them.” He said the staff “all built something really beautiful. They threw themselves into it and then I threw that all away. It haunts me every day. I made a series of bad decisions. They weren’t selfish decisions, they were bad decisions.” Bad decisions indeed Sam.

[..] in November 2023, as Michael Washburn reports via The Epoch Times, jurors decided to convict Mr. Bankman-Fried on all seven of counts of conspiracy and fraud with which government lawyers charged him. Mr. Bankman-Fried and his attorneys have repeatedly argued that he didn’t intentionally do anything wrong and that he deserves no more than 6 1/2 years in jail. In his trial testimony in October 2023, Mr. Bankman-Fried insisted he used sophisticated analytics to try to keep track of the state of FTX’s finances and suggested that subordinates acting without his knowledge or imprimatur made costly mistakes. But prosecutors, citing testimony from Alameda Research head Caroline Ellison, who was at times romantically involved with Mr. Bankman-Fried, vehemently disagreed with the more charitable view and are pressing for a sentence of half a century or longer.

The government’s tough stance has found support from the current CEO of FTX, John Ray III, the former chair of the recovery corporation in another high-profile insolvency: that of Enron, which imploded in December 2001. In a letter to Judge Kaplan, Mr. Ray denounced the “categorically, callously, and demonstrably false” claims that Mr. Bankman-Fried and his lawyers have put forth in the hope of getting a lighter sentence. [..]

[..]The verdict in November 2023 came exactly one year after a Nov. 2, 2022, report in the cryptocurrency publication Coindesk began to stoke wide concern about the state of FTX’s finances. The report cited a leaked balance sheet of FTX’s hedge fund trading affiliate, Alameda Research. According to Coindesk’s analysis, a bulk of Alameda’s $14.6 billion of assets was in the form of FTX’s own crypto token, FTT, rather than a fiat currency. This not only suggested that Alameda’s wealth was potentially less fungible than many had assumed but also pointed to extensive commingling of FTX customer deposits with the hedge fund affiliate. Whether or not Coindesk was correct to impute instability and weakness to FTX on the basis of its position in FTT, the reaction in the market was swift. On Nov. 6, 2022, Changpeng Zhao, then-CEO of Binance, one of the other leading cryptocurrency exchanges, sent out a sharply worded post on Twitter.

Mr. Zhao alluded to the fact that Binance had been distancing itself from FTX over the past year and had received the equivalent of about $2.1 billion in U.S. dollars in the form of both cash and the FTT token. “Due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books. We will try to do so in a way that minimizes market impact,” Mr. Zhao wrote.Despite that assurance, Binance’s move, and forthright public announcement, immediately helped fuel a run on the bank during which customers pulled $6 billion from FTX in three days. The exchange would never recover; some $9 billion of customer funds are still lost through the commingling of funds and Bankman-Fried’s lavish spending.

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Avenatti and Michael Cohen. What a pair.

Avenatti: Michael Cohen Was Having Affair With Stormy Daniels Since 2006 (GP)

Tony Seruga is a very popular commentator on Twitter. In his profile, the conservative commentator with over 77K followers, Mr. Seruga, states that he’s an Intel Ops CIA/NSA Contractor/Whistleblower. This afternoon, Mr. Seruga dropped a bombshell, and if true, it could blow up the whole Stormy Daniels affair with Trump lie that the mainstream media and Democrats have been clinging to since 2015. Tony Seruga claims he used to share office space with the convicted felon and former attorney, Michael Avenatti, who represented porn star Stormy Daniels in her case alleging that then-presidential candidate Donald J. Trump paid her hush money to keep their alleged “affair” out of the public. [..] Here’s where Seruga’s story gets to be very interesting as it relates to Stormy Daniels and former Trump attorney Michael Cohen, “In any case, Avenatti shared details of his client Stormy Daniels, whose real name is Stephanie Clifford, case and the fact that her and Michael Cohen were actually having an affair since 2006.”

And then, Seruga drops a bombshell: “The whole hush money scheme was cooked up by Michael Cohen to extort the Trump Organization before the 2016 election. Avenatti seemed pleased at how deviant Michael Cohen was.” Seruga followed up his first tweet by explaining how the shady lawyer Michael Avenatti bragged about the scheme more than once and even bragged about it to former NBA star Dennis Rodman on the patio in Corona Del Mar, CA. In addition to being one of the all-time best defensive players in the NBA, Dennis Rodman is known for his relationship with Madonna and his unusual friendship with North Korean Dictator Kim Jong Un. So, it’s pretty easy to believe Rodman could be friends with the flamboyant CA lawyer Michael Avenatti.

“Understand, Michael Avenatti is a serial liar, but he did speak about his client (that he would later steal from) and Michael Cohen’s affair touching on their scheme to bilk the Trump Organization out of money. He spoke about it on more than one occasion. He was very passionate that Trump had not signed the NDA making it null and void. One time, in fact, he was bragging about it to Dennis Rodman at the Port Restaurant out on the patio, in Corona Del Mar, CA. I was only half listening as I had heard it all before, but Dennis Rodman seemed engaged in the conversation.” Another popular Twitter personality from California, who goes by “SL,” had this to say about the Dennis Rodman and Michael Avenatti conversation that allegedly occurred at the Port Restaurant in California.

“Interesting. I know Dennis Rodman visits Port Restaurant on occasion since I had a conversion [conversation] [with] him there around 2015/2016. Likely to be a true story.” On Monday, when asked by reporters, President Trump said that he would testify in the alleged hush money payment to Stormy Daniels’ trial in NYC that was brought against him by the rabidly anti-Trump,] but soft-on-actual criminals DA Alvin Bragg. “I would have no problem testifying,” Trump said. “I didn’t do anything wrong.” Trump also suggested that he’s planning to appeal the trial date set for April 15 and said he’s unsure if there will even be a trial following his appeals.

https://twitter.com/i/status/1773436810229694731

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Schroeder persists.

Putin Friendship Could Help End Ukraine Conflict – Ex-German Chancellor (RT)

Talking to Moscow is the only way to end the hostilities between Russia and Ukraine, former German Chancellor Gerhard Schroeder told the press agency dpa in an interview published on Thursday. His personal friendship with President Vladimir Putin could play a role in stopping the bloodshed, Schroeder said. The former chancellor and Russian leader are known to have close ties that stretch back to when Schroeder headed the German government in the late 1990s. In 2014, Putin attended Schroeder’s birthday party in St. Petersburg. Later, Schroeder joined the boards of directors of the Russian operator of the Nord Stream gas pipeline and energy giant Rosneft. He faced a backlash over his ties to Moscow after the conflict between Russia and Ukraine erupted in February 2022 – and resigned from the Rosneft board in May of that year. Asked about maintaining his friendship with Putin amid the Ukraine conflict, the former chancellor insisted the two matters were entirely distinct.

“I think it would be completely wrong to forget all the positive things that have happened between us in politics in the past,” he told the German news agency, adding that breaking relationships with friends was “not his style.” Contacts with the Russian leadership could still prove crucial in the future peace talks, Schroeder believes. “We have worked together sensibly for many years. Perhaps that can still help to find a negotiated solution,” he said, telling dpa that he saw “no other way” to end the conflict. “It is obvious that the war cannot end with the total defeat of one side or the other,” Schroeder said. The former chancellor has repeatedly called for a negotiated solution to the conflict and accused the US of forcing Kiev to reject a peace deal with Moscow. In October 2023, he also said that Western Europe had “failed” to seize the opportunity to push for peace in March 2022.

Schroeder himself traveled to Istanbul and Moscow on a “peace mission” in the spring of 2022 and also met Putin in July of the same year. His efforts yielded no results at that time. In Germany, Schroeder was ostracized by his own party, which deprived him of his parliamentary privileges, but failed in an effort to expel him over his ties to Russia. In 2023, he relinquished his honorary citizenship of Hannover before the city could strip him of it. Moscow has repeatedly said it is ready for peace talks as long as the situation on the ground is taken into account. Ukraine has insisted on Russian troops withdrawing from all the territories it claims as its own, including Crimea and the four former Ukrainian territories that joined Russian following a series of referendums in autumn 2022. Russia has dismissed such demands as “absurd.”

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No. It needs peace.

Ukraine Needs Air Defense To Boost Birth Rate – Zelensky (RT)

Kiev needs more air defense systems to help Ukrainians have more children, President Vladimir Zelensky said on Thursday. Ukraine currently has the lowest fertility rate in the world. The issue of demographics came up during Zelensky’s meeting with students in Sumy, a city near the border with Russia, when someone asked him if there were plans to financially support new parents. “We need not only financial incentives, because in my opinion, finances help, but they do not stimulate birth itself during war,” Zelensky said. “Help, yes. But as for births, it seems to me that it’s mainly a matter of security.” The government should put air-raid shelters in schools and kindergartens, he added, as well as getting “the latest technologies when it comes to air defense” from foreign partners, manufacture them domestically, and “inform the society about this.”

Zelensky further argued that there would be a “baby boom” after the conflict is over and millions of Ukrainians who left the country return from abroad “confident in a better tomorrow and the future of Ukraine.” Ukraine’s total fertility rate – the average number of babies per woman of child-bearing age – is currently 0.7, the lowest in the world. The country’s demographics have been further affected by a mass exodus to the West and significant casualties on the battlefield, to the point where the very survival of the nation is in question, a government-funded think tank told The Times earlier this year.

“Male life expectancy has decreased from 66-67 before the war to 57-58,” said Ella Libanova, head of the Institute for Demography and Social Studies at the National Academy of Sciences of Ukraine. Only four African countries – Chad, Nigeria, Lesotho and the Central African Republic – have lower life expectancies. Last June, the Ukrainian Institute for the Future (UIF) estimated that only 29 million people remained in the country – down from 52 million in 1991, when Ukraine declared independence. These estimates also included residents of the regions that joined Russia. The number of Ukrainian refugees abroad has been estimated by the government at over six million. While Kiev has been hopeful that most of them would come back eventually, the UIF estimated that the majority had no interest in returning.

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“And they treat both their small Motherland and our common big Motherland in a way that, I think, no one in other parts of the world treats their homeland..”

‘Russia for Russians’ Slogans Alarming – Putin (RT)

Nationalist ideas are concerning for a multicultural country like Russia, President Vladimir Putin said on Wednesday during a visit to Tver Region. He was referring to the slogan, “Russia for Russians,” which promotes the idea that the ethnic majority deserves more rights than other nationalities in the country. Russia is a multinational and a multi-confessional state, and the violation of rights of any citizens will only lead to a collapse of the country, the president warned, adding that all religions are treated with respect in teh country. He noted that 190 ethnic groups currently live in Russia, with some nationalities comprising millions of people. “When I listen to hurrah-patriots – and there are such people everywhere, in any society, including those who say that ‘Russia is only for Russians,’ you know, I get a feeling of anxiety,” Putin said.

He emphasized the importance of persevering with the multinational Russian state and warned that “destructive thoughts such as everyone else is a foreigner here” would ruin the country. Representatives of all religious denominations, all peoples of Russia, are “showing their best side on the battlefield today,” Putin said. “And they treat both their small Motherland and our common big Motherland in a way that, I think, no one in other parts of the world treats their homeland,” he concluded. Putin made the comments during a visit to Torzhok air force base in Tver Region, home of the 344th Training Center for Russian combat pilots, where personnel are being trained to take part in the Ukraine military operation.

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“The US practice of artificially creating enemies out of thin air for the sake of boosting its military budget..”

China Opposes US Practice of Creating Enemies Out of Thin Air (Sp.)

The US practice of artificially creating enemies out of thin air for the sake of boosting its military budget is strategically extremely dangerous, and China firmly opposes it, Chinese Defense Ministry spokesman Wu Qian said on Thursday. The United States had repeatedly used China as a pretext for increasing its military budget, inflating a non-existent “Chinese military threat,” Wu said at a briefing. “This practice of artificially creating enemies out of thin air is extremely dangerous from a strategic point of view, and China is firmly opposed to it,” the spokesman added. He also said that China did not wish to threaten anyone, but it was also not afraid of anyone’s threats, and no amount of force can stop the development of the Chinese army.

On Saturday, US President Joe Biden signed into law an appropriations package that includes the $825 billion defense spending bill for fiscal year 2024. The act doubles security cooperation funding for Taiwan. The United States would counter China by maximizing its production of critical munitions and by spending more than $66 billion for the US Indo-Pacific Command capabilities, including $42 million to bolster its military capabilities in the region, the House Appropriations Committee said in a summary of the package.

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“..the elitist payroll which you might be fooled into thinking was the EU itself. Oh you thought he was talking about the West in general and its population? Is it April 1st yet?”

Who’s Running the EU? Big Global Corporations Which Aren’t Even European! (Jay)

If you can get your head around the Moscow attacks or the British foreign minister’s recent video monologue where he explains how the UK is sanctioning a number of Chinese officials, have a thought about the European Union, a Rubik’s Cube which has all its faces painted one colour as its real identity is so opaque. With just weeks away from its own elections – yes, the most undemocratic organisation in the world even organises elections for its own fake parliament – the EU itself is about to redefine itself. Already there are signs that even EU leaders are growing tired of its foibles and delusional dreams about its identity on the international circuit as a geopolitical contender, but people, humble voters, will soon deliver a message to the elites which run the EU soon: reform or crumble. Just recently, EU nerds in Brussels noticed that when all of the EU’s leaders descend on the grey, depressing Belgian capital – a city many associate with industrial scale paedophilia, graft, chocolate and a pissing urchin – that they show anyone who’s paying attention who ultimately runs the EU: member states.

Or at least that’s the theory. In the last few days EU leaders attended a meeting at the European Council of Ministers building and voted to “condemn” illegal West Bank settlers in Israel. Most editors of UK newspapers didn’t even understand what was happening. It was reported as “EU slams Israel’s West bank settlers” or “EU mulls sanctions against violent settlers” in a number of exclusive, European high-brow journals but completely unreported in the UK or US. Perhaps the British press didn’t understand the significance of EU leaders – rather than the European Commission or the parliament – taking this initiative? EU leaders themselves, in theory, have the power. They hold the aces. And when they decide on a line or a certain policy, the European Commission has no choice but to go along with it – affirming the old hacks’ dinner party circuit rambling that “the EU Council of Ministers is the most powerful institution in Brussels”. Perhaps it is. Or was. But what were EU leaders really trying to say with the stunt?

Simply that they object to Ursula von der Leyen’s repulsive, uncompromising support for the genocide in Gaza and send a signal that Jewish settlers’ violence when they steal Palestinians’ land is unacceptable. Just keep on stealing and looting as much as you can, but please do it peacefully, seems to be the message. This in itself is a clear message who really runs the so-called EU “foreign policy” rather than the Spanish gimp in Brussels otherwise known as Josep Borrell. EU member states own this domain and every now and again need to remind the elite in Brussels that they, member states, humour the EU hierarchy with this fantasy of being a geopolitical dick swinger with its own hegemony. But even being the guardian of such a dossier, where does it get the EU or its “members” when both are so impotent, hesitant and ultimately cowardly on the international stage? Ultimately, all the EU can do is make statements. That’s it. It has proven over and over again that it is powerless against anything that Israel does, regardless of that old chestnut often known as “international law”.

And the call from EU leaders for violence in the West Bank to stop is also an indicator to who are the super elites around the world who really control David Cameron or pay for Boris Johnson to fly out to Kiev recently and bang on the “let’s never give peace a chance” drum: Jewish money and power. And that Jewish money – American Jewish money – which controls the UN banking system, the federal exchange, World Bank, IMF, Hollywood, both houses in U.S. politics and most of big business in America is worried about anti-Semitism growing in the West. And so they inform their servants to go to the garden and find the lost jewels of the lady in the house while the rest of the world burns. Priorities. EU leaders didn’t meet in Brussels to thrash out a peace plan as they don’t have the instructions to do so. Hatred towards Jews in the West is the most important issue as it could be the thin end of the wedge which removes power from the elites who own Sunak, Scholz, Macron et al not to mention the European Union project which serves their global interests most admirably.

And you can always tell when these powerful hidden elites are fretting over their power base being slightly shaken. Their surfs start whining. Just listen to Josep Borrell recently talk about the Ukraine war and Russia. “We cannot afford for Russia to win this war. Otherwise the U.S. and European interests will be very damaged” he gushed. “It is not a matter of generosity alone … of supporting Ukraine because we love Ukrainian people. It is in our own interest”. Of course, when he spoke of “our own interest” he literally meant his own interest and a few of his cronies on the elitist payroll which you might be fooled into thinking was the EU itself. Oh you thought he was talking about the West in general and its population? Is it April 1st yet?

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Binding.

UN Court Orders Israel To Let Food Into Gaza (RT)

The International Court of Justice (ICJ) has ordered Israel to allow uninterrupted shipments of food into Gaza. Before issuing the legally-binding order, the Hague-based court warned that “famine is setting in” in the besieged enclave. Issued on Thursday, the order commands Israel to take “all necessary and effective measures to ensure, without delay, in full cooperation with the United Nations, the unhindered provision…of urgently needed basic services and humanitarian assistance,” including food, water, and medicine. The ruling comes two months after the court ruled that “the state of Israel shall take all measures to prevent the commission of genocide in Gaza,” including by blocking humanitarian aid shipments.

“The court observes that Palestinians in Gaza are no longer facing only a risk of famine … but that famine is setting in,” the judges wrote in Thursday’s ruling. Israel can help alleviate this looming famine “by increasing the capacity and number of land crossing points and maintaining them open for as long as necessary,” they noted. The Israeli military controls all entry and exit points to Gaza except the Rafah crossing between the enclave and Egypt. However, Cairo allows Israel to determine when the crossing can be opened, and Israeli troops inspect every truck that passes. Every other crossing has been shut since Israel imposed a siege on Gaza immediately after Hamas militants attacked the Jewish state on October 7, and aid groups say that the trickle of supplies passing the Rafah crossing is insufficient to feed Gaza’s starving population.

A UN-backed report warned last week that more than 70% of Gaza’s 2.3 million residents are facing “catastrophic hunger,” and that famine conditions now exist in the northern part of the enclave. At least 27 children have already starved to death, the ICJ judges noted on Thursday. Thursday’s order was requested by South Africa, which filed a legal action last year accusing Israel of committing “systematic” war crimes and genocide in Gaza. Israel denies that it is committing genocide and insists that its military campaign against Hamas – which has killed more than 32,000 Palestinians, mostly women and children – is legitimate self defense.

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“..their judgment is about the law as it stands not as some might like it to be..”

UK Won’t Extradite Assange While Risk of Death Penalty Remains – Tory (Sp.)

The government of the United Kingdom will not want to extradite WikiLeaks founder Julian Assange to the United States as long as he could still face the death penalty there, Lord Richard Balfe, a Conservative member of the UK Parliament’s House of Lords, told Sputnik. On Tuesday, the High Court of Justice in London ruled that Assange has a real prospect of success on three of the nine grounds of appeal. The court asked the US government to provide assurances that the WikiLeaks founder would be able to claim the First Amendment of the US Constitution, which guarantees freedoms related to religion, expression, assembly, and the right to petition. The court also asked to ensure that Assange would not be prejudiced at his trial due to his nationality, and that he would not face the death penalty. The next hearing is scheduled for May 20 if the parties submit the necessary documents.

“I am sure that the lawyers of Julian Assange will pursue appeals for as long as they can. It is my belief that the UK Government will be unwilling to extradite without a clear undertaking that the death penalty will not be imposed,” Balfe said. When asked about the High Court’s decision, Balfe stated that the UK-US extradition treaty signed by the Blair government has a reputation of being flawed and placing uneven responsibilities on the UK as opposed to the US. “The job of the High Court is to interpret the existing law, not to invent new laws. As such their judgment is about the law as it stands not as some might like it to be,” Balfe said.

The lawmaker stated that he in no way supports the past actions of Assange, stressing the importance of passage of confidential information between governments for conducting international diplomacy and that “sometimes difficult decisions need to be taken and examples need to be made.” Assange, an Australian citizen, was transferred to London’s high-security Belmarsh prison in April 2019 on bail breach charges. In the US, he faces prosecution under the Espionage Act for obtaining and disclosing classified information that shed light on war crimes and human rights violations committed by US troops in Iraq and Afghanistan. If convicted, the WikiLeaks founder could face up to 175 years in prison. One of the last means of preventing his transfer to the US may be an appeal to the European Court of Human Rights. Assange lost his previous appeal at the UK High Court last June.

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“..the British court could order Julian’s immediate extradition prior to a Rule 39 instruction, or decide to ignore a request from the ECtHR to allow Julian to have his case heard there.”

The Crucifixion of Julian Assange (Chris Hedges)

Prosecutors representing the United States, whether by design or incompetence, refused — in the two-day hearing I attended in London in February — to provide guarantees that Julian Assange would be afforded First Amendment rights and would be spared the death penalty if extradited to the U.S. The inability to give these assurances all but guaranteed that the High Court — as it did on Tuesday — would allow Julian’s lawyers to appeal. Was this done to stall for time so that Julian would not be extradited until after the U.S. presidential election? Was it a delaying tactic to work out a plea deal? Julian’s lawyers and U.S. prosecutors are discussing this possibility. Was it careless legal work? Or was it to keep Julian locked in a high security prison until he collapses mentally and physically? If Julian is extradited, he will stand trial for allegedly violating 17 counts of the 1917 Espionage Act, with a potential sentence of 170 years, along with another charge for “conspiracy to commit computer intrusion” carrying an additional five years.

The court will permit Julian to appeal minor technical points — his basic free speech rights must be honored, he cannot be discriminated against on the basis of his nationality and he cannot be under threat of the death penalty. No new hearing will allow his lawyers to focus on the war crimes and corruption that WikiLeaks exposed. No new hearing will permit Julian to mount a public-interest defense. No new hearing will discuss the political persecution of a publisher who has not committed a crime. The court, by asking the U.S. for assurances that Julian would be granted First Amendment rights in the U.S. courts and not be subject to the death penalty, offered the U.S. an easy out — give the guarantees and the appeal is rejected.

It is hard to see how the U.S. can refuse the two-judge panel, composed of Dame Victoria Sharp and Justice Jeremy Johnson, which issued on Tuesday a 66-page judgment accompanied by a three-page court order and a four-page media briefing. The hearing in February was Julian’s last chance to request an appeal of the extradition decision made in 2022 by the then British home secretary, Priti Patel, and many of the rulings of District Judge Vanessa Baraitser in 2021. If Julian is denied an appeal, he can request an emergency stay of execution from the European Court of Human Rights (ECtHR) under Rule 39, which is given in “exceptional circumstances” and “only where there is an imminent risk of irreparable harm.” But it is possible the British court could order Julian’s immediate extradition prior to a Rule 39 instruction, or decide to ignore a request from the ECtHR to allow Julian to have his case heard there.

[..] Julian did not, unlike Daniel Ellsberg, leak the documents. He published documents leaked by U.S. Army whistleblower Chelsea Manning. Three of the nine legal grounds were accepted by the judges as potential points for appeal. The other six were denied. The two-judge panel also rejected the request by Julian’s lawyers to present new evidence. Julian’s legal team asked the court to introduce into the case the Yahoo! News report that revealed, after the release of the documents known as Vault 7, that the then-director of the CIA Mike Pompeo, considered assassinating Julian. Julian’s lawyers also hoped to introduce a statement from Joshua Dratel, a U.S. attorney, who said that Pompeo’s use of the terms “non-state hostile intelligence service” and “enemy combatant” were phrases designed to give legal cover for an assassination.

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“Hundreds of deranged Hollywood liberals will be in attendance, and they will open their wallets to fund the destruction of country!”

“Mr Trump is also in the New York area on Thursday, attending the wake of a police officer, Jonathan Diller, who was shot and killed in the line of duty..”

While there, Trump offered to pay off the mortgage for his widow.

Biden To Host Star-studded NYC Fundraiser With Obama And Clinton (BBC)

US President Joe Biden is set to host a record-breaking fundraiser in New York City, alongside his predecessors Barack Obama and Bill Clinton. The event is projected to raise over $25m (£20m) for the Democrat’s re-election campaign – the most ever for a single political event, says his team. The event looks set to extend a growing cash gap between Mr Biden and his Republican challenger Donald Trump. The Biden campaign recently declared it had $155m cash to hand. Mr Trump is also in the New York area on Thursday, attending the wake of a police officer, Jonathan Diller, who was shot and killed in the line of duty. Despite the Republican’s lower cash pile and legal troubles, a number of national polls indicate he could still beat Mr Biden in their November rematch. Over 5,000 people are expected to attend the star-studded Democratic fundraiser on Thursday night at Radio City Music Hall, with many more watching online.

https://twitter.com/i/status/1773401980355944563

Late-night talk show host Stephen Colbert will moderate a conversation with the three presidents. The event will be hosted by actress Mindy Kaling and feature musical performances from Lizzo, Queen Latifah and Lea Michele. First Lady Jill Biden will host an after-party for 500 guests. The president’s son, Hunter Biden, and his family are also attending. The tickets are priced between $225 and half-a-million dollars. For $100,000, guests can get a picture with all three presidents, with star photographer Annie Leibovitz taking the snaps. President Biden was joined on the Air Force One flight to New York by Mr Obama, whom he served as vice-president from 2009-2017. Mr Obama, wearing a casual dress shirt, briefly came back for an off-the-record chat with reporters on the presidential jet. New York ground to a halt for their arrival as the two men’s huge motorcade cut across Manhattan in the pouring rain. Hundreds of onlookers jostled to take pictures.

Mr Biden’s previous best single-day fundraising effort was the $10m he raised in 24 hours after his State of the Union address this month. His fundraising has also been boosted by the advantage of incumbency. “Biden raising a lot of money is probably a function of him not having any real primary challengers,” Joseph Campbell, a communications professor at American University, told the BBC. “There’s no competition for Democratic donor money.” The $155m million in cash his campaign has is the most of any Democratic candidate in history at this point in an election cycle, according to his campaign. Mr Trump and his political action committees reported having $74m.

The Republican candidate raised $20m in the whole of February, less than what President Biden expects to receive just from Thursday’s event.In addition to Mr Trump’s fundraising challenges, his campaign and committees have spent millions of dollars in legal fees fighting four criminal cases against him. Mr Trump, 77, blasted the Democratic fundraising event in a fundraising email of his own, sent out by his campaign on Thursday morning. “Hundreds of deranged Hollywood liberals will be in attendance, and they will open their wallets to fund the destruction of country!” the message said.

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“The sound of our ancestor’s song has grown weaker..”

Maori King Calls For Recognizing Whales As People (RT)

The king of New Zealand’s indigenous Maori people has signed a ‘Declaration for the Ocean’ that calls for whales to be granted legal personhood as part of a plan to protect them, AFP reported on Thursday. The declaration reportedly recognizes the mammals as legal persons with the inherent right to freedom of movement, natural behavior, and expression of their unique cultures. The declaration has been made with the intent of helping whales recover their depleted population. “The sound of our ancestor’s song has grown weaker, and her habitat is under threat, which is why we must act now,” King Tuheitia Potatau te Wherowhero VII was quoted as saying. He was echoed by high chief Travel Tou Ariki, who said: “We can no longer turn a blind eye. Whales play a vital role in the health of our entire ocean ecosystem … We must act with urgency to protect these magnificent creatures before it’s too late.”

Whales have traditionally had cultural significance for the Maori as supernatural beings and as harbingers of spiritual growth. Some tribes see the mammals as the descendants of Tangaroa, the god of the ocean. Whales are some of the largest mammals on earth, with blue whales reaching up to 30.5 meters (100 feet) in length and weighing up to 200 tons. Many of the species are endangered. The move to grant whales personhood would not be without precedent. In 2017, New Zealand passed a groundbreaking law granting personhood status to the Whanganui River and Mount Taranaki volcano, both of which are important to the Maori people. The Maori are the second-largest ethnic group in New Zealand and currently make up about 17% of the country’s total population, or about 900,000 people.

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Cancer: A Food-Borne Illness

 

 

Camelemon

 

 

Cats

 

 

Swan
https://twitter.com/i/status/1773217153363181623

 

 

 

 

Shoal

 

 

Puppy
https://twitter.com/i/status/1773473225487389036

 

 

Moose
https://twitter.com/i/status/1773228532237214034

 

 

Boji

 

 

 

 

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Jul 262019
 
 July 26, 2019  Posted by at 8:31 am Finance Tagged with: , , , , , , , , , , , , ,  4 Responses »


Pablo Picasso Dora Maar with green nails 1936

 

What Mueller Was Trying to Hide (Strassel)
Barr And State AGs Discuss Big Tech Monopolies (ZH)
Tulsi Gabbard Sues Google For Campaign “Interference” (ZH)
Brussels Repels Boris Johnson’s Quest For New Brexit Deal (G.)
Don’t Call It A Coup, You’ll Spoil Boris Johnson’s Big Day Out (G.)
World Trade in Face of Tariffmageddon, Trade Wars & Manufacturing Slowdown (WS)
After Century of Chaos and War, Versailles Treaty Still Haunts the World (Sp.)
The Tyranny of the Police State Disguised as Law-and-Order (Whitehead)
In Roundup Case, US Judge Cuts $2 Billion Verdict To $86 Million (R.)
Florida Senator Says Under Siege For Seeking Epstein Probe (Julie K. Brown)
Boeing Targets October, FAA Official Says No Timeline For 737 MAX (R.)
Jacinda Ardern Accused By Maori Of ‘Lacking Leadership’ In Land Dispute (G.)
The Cheapest Way to Save the Planet Grows Like a Weed (Brown)
Earth, But Not As We Knew It – James Lovelock Turns 100 (G.)

 

 

Horowitz and/or Durham will have to look at Weissmann and the rest of Mueller’s lawyers. As well as the FBI.

What Mueller Was Trying to Hide (Strassel)

Special counsel Robert Mueller testified before two House committees Wednesday, and his performance requires us to look at his investigation and report in a new light. We’ve been told it was solely about Russian electoral interference and obstruction of justice. It’s now clear it was equally about protecting the actual miscreants behind the Russia-collusion hoax. The most notable aspect of the Mueller report was always what it omitted: the origins of this mess. Christopher Steele’s dossier was central to the FBI probe, the basis of many of the claims of conspiracy between the Trump campaign and Russia. Yet the Mueller authors studiously wrote around the dossier, mentioning it only in perfunctory terms. The report ignored Mr. Steele’s paymaster, Fusion GPS, and its own ties to Russians. It also ignored Fusion’s paymaster, the Clinton campaign, and the ugly politics behind the dossier hit job.


Mr. Mueller’s testimony this week put to rest any doubt that this sheltering was deliberate. In his opening statement he declared that he would not “address questions about the opening of the FBI’s Russia investigation, which occurred months before my appointment, or matters related to the so-called Steele Dossier.” The purpose of those omissions was obvious, as those two areas go to the heart of why the nation has been forced to endure years of collusion fantasy. Mr. Mueller claimed he couldn’t answer questions about the dossier because it “predated” his tenure and is the subject of a Justice Department investigation. These excuses are disingenuous. Nearly everything Mr. Mueller investigated predated his tenure, and there’s no reason the Justice Department probe bars Mr. Mueller from providing a straightforward, factual account of his team’s handling of the dossier.

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The pushback intensifies. They’re going to have to find a way out. Even if the CIA likes things just the way they are.

Barr And State AGs Discuss Big Tech Monopolies (ZH)

A bipartisan group of eight state attorneys general met with US Attorney General William Barr on Thursday to discuss “the real concerns consumers across the country have with big tech companies stifling competition,” according to Politico. “Our bipartisan coalition of eight state attorneys general was pleased with the opportunity to meet with U.S. Attorney General Barr to talk about the real concerns consumers across the country have with big tech companies stifling competition on the internet,” reads a joint statement from the state AGs, which include Texas, Mississippi and Louisiana.

“The potential state action adds yet another layer to the growing scrutiny of the power of online platforms. In announcing its antitrust review this week, the DOJ said it will consider “widespread concerns” expressed about search, social media and online retail services.” -Politico. Meanwhile, Facebook co-founder Chris Hughes is has been meeting with regulators to make the case for breaking up the social media giant, according to the New York Times. In recent weeks, Mr. Hughes has joined two leading antitrust academics, Scott Hemphill of New York University and Tim Wu of Columbia University, in meetings with the Federal Trade Commission, the Justice Department and state attorneys general. In those meetings, the three have laid out a potential antitrust case against Facebook, Mr. Wu and Mr. Hemphill said.

“For nearly a decade, they argue, Facebook has made “serial defensive acquisitions” to protect its dominant position in the market for social networks, according to slides they have shown government officials. By scooping up nascent rivals, they assert, Facebook has thwarted potential competitors, making it easier for the social network to charge advertisers higher prices and to offer a worse experience for users.” -New York Times

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Barr can start right here.

Tulsi Gabbard Sues Google For Campaign “Interference” (ZH)

Progressive Democrat presidential candidate Tulsi Gabbard, who has long been under fire from mainstream media and establishment voices in her own party for her vehemently anti-war and anti-interventionist stance, is suing Google, The New York Times reports, in what is said to be the first time in history a presidential candidate has sued a major technology firm. It must be remembered that though considered a “long shot” by party insiders based on her outlier stances (for which she’s been called a popular Ron Paul type unorthodox figure among the Dems), from criticizing the Democrats’ ‘Russiagate’ fixation to calling for an end to “regime change wars” abroad to being willing to meet with Syria’s President Bashar al-Assad, Google searches for her named surged across the US during last month’s first round of presidential nominee debates.

And now, as the Times reports, she says Google infringed on her free speech by suspending her campaign’s ability to get its message out: “Tulsi Now Inc., the campaign committee for Ms. Gabbard, said Google suspended the campaign’s advertising account for six hours on June 27 and June 28, obstructing its ability to raise money and spread her message to potential voters.” Google and other major US tech companies like Facebook have faced an avalanche of scrutiny and criticism of late for censoring and/or manipulating the visibility of those with unorthodox political views. The new lawsuit claims Google took steps to “interfere” with Gabbard’s chances in the upcoming 2020 presidential election.

“Google’s arbitrary and capricious treatment of Gabbard’s campaign should raise concerns for policymakers everywhere about the company’s ability to use its dominance to impact political discourse, in a way that interferes with the upcoming 2020 presidential election,” the lawsuit stated. Specifically the lawsuit suggests Google diverted Gabbard campaign emails to be sent to spam folders on Gmail at “a disproportionately high rate” compared to her Democratic rival candidates.

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No-deal Brexit was voted down in London multiple times. What are the odds it won’t be if Boris tries again?

Brussels Repels Boris Johnson’s Quest For New Brexit Deal (G.)

Brussels has roundly rebuffed Boris Johnson after he laid down tough conditions for the new Brexit deal he hopes to strike over the summer. Speaking to the House of Commons for the first time as prime minister on Thursday, Johnson reiterated his campaign pledge of ditching the Irish backstop and promised to ramp up preparations for a no-deal Brexit immediately. “I would prefer us to leave the EU with a deal,” he said. “I would much prefer it. I believe that it is possible even at this late stage, and I will work flat-out to make it happen. “But certain things need to be clear: the withdrawal agreement negotiated by my predecessor has been three times rejected by this house; its terms are unacceptable to this parliament and to this country.”


In a phone call later in the day, the European commission president, Jean-Claude Juncker, signalled the EU27’s determination to stick with the deal negotiated with Theresa May’s government – which includes the backstop. “President Juncker listened to what Prime Minister Johnson had to say, reiterating the EU’s position that the withdrawal agreement is the best and only agreement possible – in line with the European council guidelines,” a commission spokesperson said. Juncker told Johnson the EU was willing to “add language” to the political declaration – the non-binding document that covers the future relationship – but would only consider any other proposals “providing they are compatible with the withdrawal agreement”.

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“When you haven’t got a principle left to betray, such displays of craven loyalty come as second nature.”

Don’t Call It A Coup, You’ll Spoil Boris Johnson’s Big Day Out (G.)

If a developing country had just changed its entire government without an election, we’d be calling it a coup. And if that coup had been led by a man clearly unfit for office, whom even his own family can’t trust to tell the truth, we’d be calling that country a failed state. But as this is the UK and the leader in question is Boris Johnson, we plead the exceptionalism of a first-world democracy. No matter that no one voted for a de facto Vote Leave government of shits and charlatans, that is what we now have. Taking Back Control is far too precious a virtue to be entrusted to the people. For now at least. When he had made his first speech as prime minister outside Downing Street, Johnson had briefly tried to present himself as a serious figure.

Even if the content of what he was saying was still basically the same divisive doggybollocks. It hadn’t gone down that well. Because if there was one thing more terrifying than Boris acting the fool, it was Boris pretending to be serious. A carapace of sincerity that dissolves on contact with reality. Everyone knows Boris is serious about only one thing: the fulfilment of his own delusions. Other people only exist as satellites to his own ego. Useful idiots in the service of World King Idiot. A man who can go toe to toe with Donald Trump in any dysfunctionality contest. Someone who believes he is an innocent victim, misunderstood by the entire world, but who is actually a sociopath only misunderstood by himself. Someone deserving of the undying gratitude of a nation for taking a pay cut to enter Downing Street.

For his first outing in the Commons, Johnson had gone back to his more familiar default setting. The Fool. The court jester from whom no one expects the truth, so long as they are entertained. “Pifflepafflewifflewaffle,” he began. The script remains the same, even if the persona changes. Dominic Raab, Sajid Javid, Priti Patel and the dozen or so other members of the recently appointed cabinet on the frontbench roared their approval. When you haven’t got a principle left to betray, such displays of craven loyalty come as second nature.

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No collapse yet, but a plateau.

World Trade in Face of Tariffmageddon, Trade Wars & Manufacturing Slowdown (WS)

World trade volume – imports and exports of merchandise across the globe – increased 0.3% in May from April, after falling 0.6% in the prior month, according to the Merchandise World Trade Monitor, released today by CPB Netherlands Bureau for Economic Policy Analysis. On a year-over-year basis, the index fell 0.4%. And it is down 2.1% from the peak in October 2018. This isn’t exactly stellar, compared to 2017 and 2018, when the world trade index increased between 2% and 6% year-over-year.

But it isn’t a “collapse” either. A collapse of world trade occurred during the Global Financial Crisis when companies shut down their ordering process – not knowing if the banking system would still be there the next morning – and when consumers closed their wallets, particularly American consumers who provide much of the oomph behind world trade, given their penchant for imports, but they were losing their jobs by the millions. From September 2008 through the trough in May 2009, the World Trade Monitor plunged 17.5%.


In the Eurozone, there has been some decline in both imports and exports in recent months. While Germany is heavily exposed to the automotive sector and is getting hit harder, other countries such as Greece, Italy, Portugal, and France, are not. Especially in Southern Europe, food exports – such as olive oil, wine, salami, cheese, and other specialty foods – play a larger role among their exports, and there is no slowdown in food products. Also note the impact of the euro debt crisis on imports (red line):

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“A new world seemed to have been created.”

After Century of Chaos and War, Versailles Treaty Still Haunts the World (Sp.)

A century ago, in July 1919, Germany began its journey to the lowest reaches of Hades. Another 26 years would pass before a previously civilized, enlightened people finally emerged, their nation in ruins, its cities bombed and its countryside occupied. Another four decades would pass before their country was reunited, and even then some of Berlin’s neighbors, convinced that Germans possessed a double dose of original sin, preferred a divided Germany. In 1919, World War I formally came to an end. The victorious allies dictated a peace that humbled Germany, formalized the disintegration of the Austro-Hungarian and Ottoman Empires, created a gaggle of weak ethnically based states, and shared the geopolitical spoils among the victors. A new world seemed to have been created.

The treaty signed on June 28 in the famous Hall of Mirrors at the Versailles palace, however, proved to be but a brief interlude of peace. Germany remained recalcitrant. The myth had emerged that the German military had been defeated by the Dolchstoss, or “stab-in-the-back,” at home. But the reality was unpleasant enough: the peace settlement made no pretense of applying Woodrow Wilson’s famed Fourteen Points to Germany as the surrendering Germans had expected. The first democratically elected German government resigned rather than signing what became known as the Versailles Treaty. After being threatened with invasion, the successor leadership submitted. Not until two weeks later, in July, did the reluctant Reichstag ratify the pact.

The Deutsche Zeitung inveighed against the “disgraceful treaty” and promised, “We will never stop until we win back what we deserve.” Versailles almost immediately began radicalizing politics in the Weimar republic, encouraging violence, assassinations of left-wing politicians, and extremist bids for power, including by an army veteran and surprisingly effective rabble-rouser named Adolf Hitler. The sense of crisis gradually receded, however, only to have the Great Depression destroy much of the middle class, the mainstay of any democratic order. Hitler gained power, and a little more than two decades after losing one war Germany plunged into another one…

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“America’s expanding military empire is bleeding the country dry at a rate of more than $15 billion a month (or $20 million an hour)..”

The Tyranny of the Police State Disguised as Law-and-Order (Whitehead)

Having been co-opted by greedy defense contractors, corrupt politicians and incompetent government officials, America’s expanding military empire is bleeding the country dry at a rate of more than $15 billion a month (or $20 million an hour)—and that’s just what the government spends on foreign wars. The U.S. military empire’s determination to police the rest of the world has resulted in more than 1.3 million U.S. troops being stationed at roughly 1000 military bases in over 150 countries around the world. That doesn’t include the number of private contractors pulling in hefty salaries at taxpayer expense. In Afghanistan, for example, private contractors outnumber U.S. troops three to one. No matter how we might differ about the role of the U.S. military in foreign affairs, surely we can agree that America’s war spending and commitment to policing the rest of the world are bankrupting the nation and spreading our troops dangerously thin.

All of the imperial powers amassed by Barack Obama and George W. Bush—to kill American citizens without due process, to detain suspects indefinitely, to strip Americans of their citizenship rights, to carry out mass surveillance on Americans without probable cause, to suspend laws during wartime, to disregard laws with which they might disagree, to conduct secret wars and convene secret courts, to sanction torture, to sidestep the legislatures and courts with executive orders and signing statements, to direct the military to operate beyond the reach of the law, to operate a shadow government, and to act as a dictator and a tyrant, above the law and beyond any real accountability—were inherited by Donald Trump.

These presidential powers—acquired through the use of executive orders, decrees, memorandums, proclamations, national security directives and legislative signing statements and which can be activated by any sitting president—enable past, president and future presidents to operate above the law and beyond the reach of the Constitution. Yet no matter how we might differ about how success or failure of past or present presidential administrations, surely we can agree that the president should not be empowered to act as an imperial dictator with permanent powers.

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Trying not to say Monsanto. And why have a jury system when judges keep overruling them? Doesn’t that make it all a mockery?

In Roundup Case, US Judge Cuts $2 Billion Verdict To $86 Million (R.)

A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer’s glyphosate-based weed killer Roundup for their cancer to $86.7 million. Superior Court Judge Winifred Smith of the California Superior Court in Oakland said the jury’s billion-dollar punitive damages awards were excessive and unconstitutional, but rejected Bayer’s request to strike the punitive award outright. Under Smith’s final order, California couple Alva and Alberta Pilliod would receive roughly $17 million in compensatory and $69 million in punitive damages, down from $55 million and $2 billion, respectively. The plaintiffs still have to formally accept the reduced award. Bayer in a statement on Thursday said Smith’s decision to slash the award was a step in the right direction, but added it would file an appeal.


“We continue to believe that the verdict and damage awards are not supported by the evidence at trial and conflict with the extensive body of reliable science and conclusions of leading health regulators worldwide that confirms glyphosate-based herbicides can be used safely and that glyphosate is not carcinogenic,” the company said. [..] The company had asked Smith to strike the punitive damages award in the Pilliods’ case, arguing that hundreds of studies and assessments by regulators worldwide concluded the herbicide to be safe for human use. But the judge in her Thursday order rejected those arguments.“In this case there was clear and convincing evidence that Monsanto made efforts to impede, discourage, or distort scientific inquiry and the resulting science,” Smith said.

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Typical: sheriff is very powerful. Not so typical: Senator Lauren Book’s dad is a very powerful lobbyist.

Florida Senator Says Under Siege For Seeking Epstein Probe (Julie K. Brown)

Florida Sen. Lauren Book has reached out to Capitol police after receiving an anonymous warning connected to her demand for a state inquiry into Palm Beach Sheriff Ric Bradshaw’s handling of accused sex trafficker Jeffrey Epstein’s lenient work release program, the Miami Herald has learned. Book, a vocal advocate for child sexual assault survivors, said she also received more than a dozen calls from Bradshaw’s political supporters asking her to back off on her call for an investigation by the Florida Department of Law Enforcement into Bradshaw. On Monday, Book, a Democrat, wrote a letter to Republican Gov. Ron DeSantis asking him to authorize a probe into how Epstein, accused of molesting dozens of underage girls and a registered sex offender, was permitted to leave the Palm Beach County Jail and spend much of his 2008-2009 incarceration in an office in West Palm Beach.

DeSantis said Thursday after a Cabinet meeting that he would “certainly consider” an investigation but that he has yet to decide how the state should respond. [..] the Palm Beach Sheriff’s Office issued a new statement that its previously announced internal affairs investigation of the deputies who guarded and supervised Epstein during his work release had become a criminal investigation as well. No further elaboration was provided. Meanwhile, Book, in an interview with the Herald, said she had asked the Capitol police, who handle security for state lawmakers, to look into claims made on a Russian website alleging that Bradshaw was behind an effort to access her phone and emails by using the pretext of “imminent danger’’ to obtain her personal information.

“I’ve received countless phone calls saying ‘Little girl you don’t know what you’re getting into,’ and telling me that I should just stop,’’ said Book, a child sexual abuse survivor herself who has worked to pass strict sex offender laws in Florida. In a statement, PBSO said it had no knowledge of anyone trying to threaten or pressure Book.

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Southwest has already cancelled flights till 2020, and they far more 737 MAXs than anyone else. Even closed down Newark operations because of it.

Boeing Targets October, FAA Official Says No Timeline For 737 MAX (R.)

The U.S. Federal Aviation Administration distanced itself on Thursday from suggestions by Boeing that its grounded 737 MAX could resume flying passengers in October, saying regulators do not have a timeline for vetting safety upgrades. Boeing Chief Executive Dennis Muilenburg told analysts on Wednesday he was confident the MAX would be back in service as early as October after a certification flight with regulators in September. But the FAA’s top official declined to be pinned down on Boeing’s target of October or any other timeline for clearing the plane, which was grounded in March after two fatal crashes.


“We don’t have a timeline. Don’t have October. Don’t have August. Don’t have 2021,” Acting Administrator Dan Elwell told reporters at the EAA AirVenture air show in Oshkosh, Wisconsin. “We have one criteria. When the 737 MAX has been – when the complications to it have been satisfactorily assessed, and the MAX is safe to return to service, that’s the only criteria,” Elwell said. [..] U.S. airlines are cancelling thousands of monthly flights due to the grounding and have warned of an increasing financial toll in the second half of the year. Southwest Airlines, a top customer, said on Thursday it was scheduling without the MAX until early January and ending operations at Newark Liberty International airport due to a scarcity of planes.

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Not looking good, Jacinda.

Jacinda Ardern Accused By Maori Of ‘Lacking Leadership’ In Land Dispute (G.)

New Zealand’s prime minister, Jacinda Ardern, is being accused of a “lack of leadership” over an escalating land dispute between Maori and a construction company which plans to build 500 homes on sacred land in south Auckland. Opposition to the project boiled over this week over when a group that had been illegally occupying the land was served an eviction notice. The protest group has grown into about 300 people with police also increasing their presence. Seven protesters were arrested on Thursday night after they linked arms and chained themselves to a van to block part of the motorway near the city’s airport. The site, called Ihumatao, is home to New Zealand’s earliest market gardens as well as being a significant archaeological site on land considered sacred by local Maori.


Fletcher Building is looking to develop around 500 homes on the land, which local Maori say was stolen from them after land wars with the British dating back to the 1860s. The protest group want the land given back to local Maori. Protesters have implored Ardern to step in, including sending a letter directly to her. However, she has so far said the government will not get involved. “This is something obviously everyone wants to see resolution around, no one wants to see the kinds of disruption and outpouring of emotion [we have seen],” Ardern said. “Everyone wants a resolution but ultimately it will have to come from mana whenua (Maori). Protest leader Pania Newton told media that Ardern’s words showed “a lack of leadership” and showed “ignorance” about its treaty obligations. “This is the revolution of our generation,” Newton said.

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How much industrial hemp can we plant? Pretty sure if we do it, it’ll be for money.

The Cheapest Way to Save the Planet Grows Like a Weed (Brown)

Planting billions of trees across the world is by far the cheapest and most efficient way to tackle the climate crisis. So states a Guardian article, citing a new analysis published in the journal Science. The author explains: As trees grow, they absorb and store the carbon dioxide emissions that are driving global heating. New research estimates that a worldwide planting programme could remove two-thirds of all the emissions that have been pumped into the atmosphere by human activities, a figure the scientists describe as “mind-blowing”. [..] The July analytical review in Science calculated how many additional trees could be planted globally without encroaching on crop land or urban areas.

It found that there are 1.7 billion hectares (4.2 billion acres) of treeless land on which 1.2 trillion native tree saplings would naturally grow. Using the most efficient methods, 1 trillion trees could be restored for as little as $300 billion—less than 2% of the lower range of estimates for the Green New Deal introduced by progressive Democrats in February. The Guardian quoted Professor Tom Crowther at the Swiss university ETH Zürich, who said, “What blows my mind is the scale. I thought restoration would be in the top 10, but it is overwhelmingly more powerful than all of the other climate change solutions proposed.” He said it was also by far the cheapest solution that has ever been proposed. The chief drawback of reforestation as a solution to the climate crisis, as The Guardian piece points out, is that trees grow slowly.

The projected restoration could take 50 to 100 years to reach its full carbon sequestering potential. Fortunately, as of December 2018, there is now a cheaper, faster and more efficient alternative—one that was suppressed for nearly a century but was legalized on a national scale when President Trump signed the Agriculture Improvement Act of 2018. This is the widespread cultivation of industrial hemp, the nonintoxicating form of cannabis grown for fiber, cloth, oil, food and other purposes. Hemp grows to 13 feet in 100 days, making it one of the fastest carbon dioxide-to-biomass conversion tools available. Industrial hemp has been proved to absorb more CO2 per hectare than any forest or commercial crop, making it the ideal carbon sink. It can be grown on a wide scale on nutrient-poor soils with very small amounts of water and no fertilizers.

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A formidable mind. And one not shy about contradicting himself.

Earth, But Not As We Knew It – James Lovelock Turns 100 (G.)

James Lovelock, the scientist and writer, is 100 years old on Friday and remains a combination of environmental Cassandra and Old Testament prophet. Unlike them, though, he changes his mind about what the future holds. Foolish consistency, Emerson wrote, is the hobgoblin of little minds, and Mr Lovelock’s mind is not little. More than 10 years before the record high July temperatures, Mr Lovelock flatly told the Guardian that 80% of human life on Earth would perish by 2100 because of the climate emergency. He imagined a dystopian end of humanity where “the few breeding pairs of people that survive will be in the Arctic where the climate remains tolerable” by the end of the 21st century.

As a scientist (his first letter to Nature was published in 1945, on the subject of writing on petri dishes), Mr Lovelock’s life has been studded with insight. He invented an electron capture detector that could pick up minute traces of pollutants – such as the pesticides that spurred Rachel Carson to write the 1962 book Silent Spring. At home he built instruments that ended up on Mars, helping Nasa to establish that the red planet was lifeless.

Mr Lovelock’s imagination has not narrowed, but his vision has become bleaker with time. His new book Novacene: The Coming Age of Hyperintelligence proposes that the 300,000-year Anthropocene era of Earth’s human domination is ending. Novacene is a new age where our species is doomed to a worse fate than clinging on for dear life at the north pole as previously imagined. Instead we will become lackeys of cyborgs able to think 10,000 times faster than humans. We will be kept on to ensure there are habitable temperatures for these superior intelligences.

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How the Mueller people -and the Senate, let’s not forget them- kept Russiagate alive all that time:

 

 

 

 

Mar 182019
 


Albert Gleizes The football players 1912-13

 

How Boeing, FAA Certified The Suspect 737 MAX Flight Control System (ST)
Boeing’s Doomed 737 Max’s (Margolis)
The EU Has Never Had More Power Over Britain (G.)
Dutch PM Compares Theresa May To Monty Python Limbless Knight (G.)
100,000 Children in UK ‘Could Become Undocumented’ Overnight After Brexit (G.)
‘Pupil Poverty’ Pressure On School Cash (BBC)
With Brexit Approaching UK’s Voice In Brussels Grows Quiet (G.)
Smartphone Shipments In China Collapse To Six Year Low (ZH)
Apartment Values Tipped To Plunge As Much As 50% In Some Sydney Areas (DM)
Ultra Low Wage Growth The Intended Outcome Of Government Policies (Quiggin)
Deutsche Bank And Commerzbank Go Public On Merger Talks (R.)
Saudi Crown Prince Allegedly Stripped Of Some Authority (G.)
Dead Whale Washed Up In Philippines Had 40kg Of Plastic Bags In Stomach (G.)

 

 

As I said on March 15: “If I were New Zealand’s government, and Australia’s, I’d say this is not the time for the countries’ white populations to speak. Let the Maori do the talking instead. It’s their land.”

 

 

Maybe not the kind of thing we should want to be swept under the carpet. But don’t underestimate Boeing’s political power. A series of tweets from a pilot and software engineer sheds a lot of light on what happened with the 737-MAX: one corner cut led automatically to the next one being cut. Until there were no more corners left. Dominoes. Zero Hedge has that series here.

Mike -Mish- Shedlock adds this: “If the above analysis by Trevor Sumner is correct, the planes were too complicated to fly because Boeing cut corners to save money, then did not even have the decency to deliver them with needed warning lights and operation instructions. There may be grounds for a criminal investigation here, not just civil. Regardless, Boeing’s decision to appeal to Trump to not ground the planes is morally reprehensible at best. Trump made the right call on this one, grounding the planes, albeit under international pressure. [..] By the way, if the timelines presented are correct, the FAA got in bed with Boeing, under Obama.”

How Boeing, FAA Certified The Suspect 737 MAX Flight Control System (ST)

As Boeing hustled in 2015 to catch up to Airbus and certify its new 737 MAX, Federal Aviation Administration (FAA) managers pushed the agency’s safety engineers to delegate safety assessments to Boeing itself, and to speedily approve the resulting analysis. But the original safety analysis that Boeing delivered to the FAA for a new flight control system on the MAX — a report used to certify the plane as safe to fly — had several crucial flaws. That flight control system, called MCAS (Maneuvering Characteristics Augmentation System), is now under scrutiny after two crashes of the jet in less than five months resulted in Wednesday’s FAA order to ground the plane.

Current and former engineers directly involved with the evaluations or familiar with the document shared details of Boeing’s “System Safety Analysis” of MCAS, which The Seattle Times confirmed. The safety analysis: • Understated the power of the new flight control system, which was designed to swivel the horizontal tail to push the nose of the plane down to avert a stall. When the planes later entered service, MCAS was capable of moving the tail more than four times farther than was stated in the initial safety analysis document. • Failed to account for how the system could reset itself each time a pilot responded, thereby missing the potential impact of the system repeatedly pushing the airplane’s nose downward. •Assessed a failure of the system as one level below “catastrophic.” But even that “hazardous” danger level should have precluded activation of the system based on input from a single sensor — and yet that’s how it was designed.

The people who spoke to The Seattle Times and shared details of the safety analysis all spoke on condition of anonymity to protect their jobs at the FAA and other aviation organizations. Both Boeing and the FAA were informed of the specifics of this story and were asked for responses 11 days ago, before the second crash of a 737 MAX last Sunday. Late Friday, the FAA said it followed its standard certification process on the MAX. Citing a busy week, a spokesman said the agency was “unable to delve into any detailed inquiries.” Boeing responded Saturday with a statement that “the FAA considered the final configuration and operating parameters of MCAS during MAX certification, and concluded that it met all certification and regulatory requirements.”

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Nice story, but he seeks to blame Trump instead of the FAA, and that doesn’t go anywhere.

Boeing’s Doomed 737 Max’s (Margolis)

I don’t like flying. I consider it unnatural, unhealthy and fraught with peril. But I do it all the time. For me, it’s either fly or take an ox cart. In fact, I’ve been flying since I was six years old – from New York to Paris on a lumbering Boeing Stratocruiser, a converted, double-decker WWII B-29 heavy bomber. I even had a sleeping berth. So much for progress. Lots can go wrong in the air. Modern aircraft have thousands of obscure parts. If any one of them malfunctions, the aircraft can be crippled or crash. Add pilot error, dangerous weather, air traffic control mistakes, mountains where they are not supposed to be, air to air collisions, sabotage and hijacking.

I vividly recall flying over the snow-capped Alps in the late 1940’s aboard an old Italian three-motor airliner with its port engine burning, and the Italian crew panicking and crossing themselves. Some years ago, I was on my way to Egypt when we were hijacked by a demented Ethiopian. A three day ordeal ensued that included a return flight to New York City from Germany, with the gunman threatening to crash the A-310 jumbo jet into Wall Street – a grim precursor of 9/11. My father, Henry Margolis, got off a British Comet airliner just before it blew up due to faulty windows.

Which brings me to the current Boeing crisis. After a brand new Boeing 737 Max crashed in Indonesia it seemed highly likely that there was a major problem in its new, invisible autopilot system, known as MCAS. All 737 Max’s flying around the world should have been grounded as a precaution. But America’s aviation authority, the Federal Aviation Administration (FAA), allowed the Max to keep flying. The FAA is half regulator and half aviation business promoter, a clear conflict of interest. The crash of a new Ethiopian 737 Max outside Addis Ababa under very similar circumstances to the Lion Air accident set off alarm bells around the globe.

Scores of airlines rightly grounded their new Max’s. But the US and Canada did not. The FAA continued to insist the aircraft was sound. The problem, it was hinted between the lines, was incompetent third world pilots. It now appears that America’s would-be emperor, Pilot-in–Chief Donald Trump, may have pressed the FAA to keep the 737 Max’s in the air. Canada, always shy when it comes to disagreeing with Washington, kept the 737 Max’s flying until there was a lot of evidence linking the Indonesia and Ethiopian crashes. Trump finally ordered the suspect aircraft grounded. But doing so was not his business. That’s the job of the FAA. But Trump, as usual, wanted to hog the limelight. By now, the 737 Max ban is just about universal.

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Mess. 11 days left.

The EU Has Never Had More Power Over Britain (G.)

It is easy to assign all the blame to Mrs May, the control freak who lost control. The charge list against her is certainly a lengthy one. She triggered article 50 before her government had an agreed strategy for withdrawal and her senior team then wasted months squabbling with itself rather than advancing the negotiations with the EU. Ignoring advice to the contrary and without advance discussion with her cabinet, she made a prison for herself by laying down red lines that made the negotiations more difficult and set her up for a string of ignominious subsequent reversals. When she threw away her majority at an election she didn’t have to call, she carried on as if nothing had changed rather than trying to reach out to other parties to forge a broad consensus about a way forward.

That made her the hostage of the Democratic Unionist party and the Brexit ultras on the right of her party. Mrs May has one quality that is of value in a political crisis. She has resilience. She lacks all the other ones, such as imagination, advocacy and agility. True, all true, and yet not the whole truth. Any account of this nightmare that holds Mrs May solely culpable is not a complete explanation for how we got here. In a dark corner of what remains of its political brain, the Tory party knows that it is collectively guilty of driving the country it professes to love into this shaming mess. With a few prescient exceptions, the Conservatives all backed David Cameron when he promised a referendum on the cynical basis that he might not have to deliver it and with the arrogant assumption that, if he did have to, he would easily win it.

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“She reminds me occasionally of that character from Monty Python where all the arms and legs are cut off but he then tells the opponent: ‘Let’s call it a draw.’

Dutch PM Compares Theresa May To Monty Python Limbless Knight (G.)

Theresa May is like the knight in Monty Python and the Holy Grail who loses his arms and legs in a duel and calls it a draw, the Dutch prime minister has said. Mark Rutte, who appeared visibly irritated last week at the failure of MPs to pass the Brexit deal, admitted feeling “angry” at the impasse in Westminster. He said his frustration was focused on the posturing of those seeking to make party political points during a major national crisis but praised May’s “incredible” resilience in the face of repeated knock-backs in the House of Commons. “Look, I have every respect for Theresa May,” Rutte said in an interview with the Dutch broadcaster WNL on Sunday.

“She reminds me occasionally of that character from Monty Python where all the arms and legs are cut off but he then tells the opponent: ‘Let’s call it a draw.’ She’s incredible. She goes on and on. At the same time, I do not blame her, but British politics.” The black knight sketch in the 1975 Monty Python film had John Cleese playing the role of the deluded swordsman who could not admit defeat, even as Graham Chapman’s King Arthur cut off all his limbs. Rutte said of the prime minister’s predicament: “You can see what happens when a country puts everything on the roulette wheel and takes a risk, and the whole thing collapses. That is what is happening. Economic, financial, politically, England is in a very bad position right now.”

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After 40 years of EU membership, the UK stands to plunge into chaos when 1000s of laws and regulations evaporate. Very predictable, but mostly ignored.

100,000 Children in UK ‘Could Become Undocumented’ Overnight After Brexit (G.)

Thousands of children of EU nationals risk becoming a new “Windrush generation”, a children’s legal charity has said. They are concerned that vulnerable children could become undocumented in the same way as the Caribbean children who came to the UK decades ago only to suffer at the hands of the Home Office’s hostile environment decades later. An estimated 900,000 EU national children are in the UK with about 285,000 born in the country. Coram Children’s Legal Centre fears that children in foster care, in care homes, and others from vulnerable families could slip through the net of the new Home Office registration scheme for EU nationals after Brexit.

The Home Office estimates that between 10% and 20% of all applicants will be vulnerable, unable to provide documentary evidence of their time in the UK. “If just 15% of the current population of EU national children fail to ‘regularise’ their status before the cut-off point, 100,000 children would be added to the UK’s undocumented child population overnight, nearly doubling it [the numbers of existing undocumented children],” said Kamena Dorling, group head of policy and public affairs at Coram. About 5,000 children of EU nationals are separated from their parents and are in care and Coram is calling on the government to force local authorities to identify them now in order to get their settled status before the cut-off point in 2020 or 2021.

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Dumb headline from BBC for a very real issue: schools care for poor pupils, and then see their funding cut.

‘Pupil Poverty’ Pressure On School Cash (BBC)

Schools in England are having to “pick up the pieces” for families in poverty, including giving food and clothes to children, head teachers warn. But, they say, that is unsustainable when schools are facing “funding cuts”. Heads will raise their concerns at the Association of School and College Leaders’ (ASCL) annual conference. Education Secretary Damian Hinds will tell the conference he is setting up an expert advisory group to help teachers with “the pressures of the job”. The advisory group, including the mental health charity Mind and teachers’ representatives, will look at ways to improve wellbeing among teachers and to tackle stress. [..]

Edward Conway, head of St Michael’s Catholic High School in Watford, says: “Pupil poverty has increased significantly over the past eight years, with us providing food, clothing, equipment and securing funds from charitable organisations to provide essential items such as beds and fridges.” The head teachers’ union has canvassed the views of school leaders, whose comments include: “When schools have to buy shoes for children to wear to school on a regular basis, we must have a problem.” Another head said: “In 24 years of education, I have not seen the extent of poverty like this. “Children are coming to school hungry, dirty and without the basics to set them up for life. “The gap between those that have and those that do not is rising and is stark.”

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Where Britain is: “sitting in the EU departure lounge.”

With Brexit Approaching UK’s Voice In Brussels Grows Quiet (G.)

For years a British foreign minister has shuttled once a month to Brussels or Luxembourg to meet their European counterparts. The crises of the world have crowded the agenda: from the Arab spring to the annexation of Crimea, coups, stolen elections and intractable wars. Monday, in theory, could be the last time the United Kingdom name plate is on the table. While a Brexit extension is a near-certainty, the official departure date is still 29 March. Uncertainty over exit day requires careful diplomacy. On Monday the British minister will have the chance to weigh in on the EU’s China strategy, ahead of a summit with Beijing on 9 April.

While British officials remain involved in discussions, the UK will hang back on strategic questions about how the EU should approach China. Nobody wants to be seen as lecturing European allies, while sitting in the EU departure lounge. A government spokesperson said: “The UK will continue to take a full part in discussions at the [Foreign Affairs Council], focusing on those issues that matter most to the UK and EU.” Other day-to-day EU business provides a jarring contrast with the government’s Brexit strategy: one of Theresa May’s last acts as an EU leader will be to sign a routine communique on strengthening the single market – the one she insists Britain must leave.

Meanwhile, the UK’s 73 MEPs do not know if they will be out of a job in a fortnight, or in three months. “It is really unsettling, but we are the least people to worry about,” said the Liberal Democrat MEP Catherine Bearder, speaking just outside the chamber in Strasbourg under the strident ring of a voting bell. The uncertainty facing MEPs is nothing, she adds, compared with the unknowns confronting business. “A politician’s life is always uncertain, you never know if you are going to come back for the next mandate.”

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Radiation.

Smartphone Shipments In China Collapse To Six Year Low (ZH)

Months after Apple stunned the market by announcing it would no longer be reporting quarterly iPhone unit sales, we have some insight as to the reason. February saw smartphone shipments in China collapse to their lowest levels in six years, indicating that the super-saturated industry has failed to turn around amidst a global economy that is grinding slower. Shipments to China came in at 14.5 million units for February, down 19.9% from last year, according to Reuters, who cited the China Academy of Information and Communications Technology. It’s the lowest total since February 2013.

February is traditionally a tough month for Chinese consumer purchases, as the Chinese spend a majority of the month celebrating the new year. However, this year’s drop was more concentrated than past years, as a result of both a slowing economy and the ongoing U.S./China trade war. When Apple recently cut sales forecasts this year, it blamed China for weighing on its results. To try and stimulate demand, the company paired with China-based Ant Financial to offer interest-free iPhone financing. Other retailers in China have tried similar promos to try and spur demand. This has some manufacturers, like Huawei, looking to corner the higher margin end of the market instead. Huawei saw its market share of China’s $500 to $800 device segment rise to 26.6% from 8.8% in 2018, according to data from Counterpoint Research. Apple, on the other hand, saw its share fall to 54.6% from 81.2%.

As an added bonus, we recently reported on Chinese smartphones also emitting the most radiation of any smartphones worldwide. The current smartphone creating the highest level of radiation is the Mi A1 from Chinese vendor Xiaomi. Another Chinese phone is in second place – the OnePlus 5T. In fact, the two companies are represented heavily in a list of “Phones Emitting the Most Radiation” that was recently released by Statista. 8 of the top 16 handsets being made by one of these two companies. Premium Apple phones, such as the iPhone 7 and the iPhone 8 are also here to be seen, as are the latest Pixel handsets from Google.

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But there’s no bubble.

Apartment Values Tipped To Plunge As Much As 50% In Some Sydney Areas (DM)

Apartment values in Australia’s big cities are set to plunge, with prices in one suburb to plummet as much as 50 per cent according to one industry observer, as Chinese buyers abandon off-the-plan residential tower projects. Ryde, in Sydney’s north, is Australia’s second-worst performing property market with dwelling values diving by 14.8 per cent during the past year, CoreLogic data showed. Digital Finance Analytics founder Martin North, an economist, feared apartment values there could be sliced in half during the next three years before stagnating for a decade. ‘We’ve got massive oversupply in those areas but you’ve just got no demand,’ he told Daily Mail Australia on Friday.

‘Some of the central high-rise apartments in the inner urban areas, like Ryde, 40 per cent now is certainly feasible. ‘In the worst case, you could see unit prices nearly halve.’ Starr Partners chief executive Doug Driscoll, who specialises in the Sydney real estate market, said Mr North’s forecasts were far fetched. He did, however, blame councils for approving too many developments. ‘We had an influx of foreign investment. We had an environment of record low interest rates, money was easily available – these things don’t last forever,’ he told Daily Mail Australia. ‘In some suburbs, in some pockets, we have seen an oversupply.’

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From Australia, but applicable worldwide.

Ultra Low Wage Growth The Intended Outcome Of Government Policies (Quiggin)

The long debate over the causes of wage stagnation took an unexpected turn last week, when Finance Minister Matthias Cormann described (downward) flexibility in the rate of wage growth as “a deliberate design feature of our economic architecture”. It was a position that was endorsed in a flurry of confusion 16 seconds after it had been rejected by Defence Industry Minister Linda Reynolds. Cormann had said policies aimed at pushing wages up could cause “massive spikes in unemployment”. The ease with which Reynolds was trapped into at first rejecting and then accepting what her ministerial colleague had said flowed from the fact that Cormann had broken one of the standing conventions of politics in Australia, and for that matter, the English-speaking world.

For more than forty years, both the architecture of labour market regulation and the discretionary choices of governments have been designed with the precise objective of holding wages down. These policies have been quite successful, as can be seen from the graph. However, at least until recently, there has been bipartisan agreement on at least one aspect of them – that no one should mention their role in holding back wages. Instead, the decline in the wage share of national income has been variously blamed on • technology • immigration • imports from China and, more recently, • the end of the mining boom. None of these explanations stand up to scrutiny.

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The lame and the blind. Reports should look at the size of Deutsche relative to the German economy, and the nerves that touches in Berlin.

Deutsche Bank And Commerzbank Go Public On Merger Talks (R.)

Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination. Germany’s two largest banks issued short statements following separate meetings of their management boards, a person with knowledge of the matter said, indicating a quickening of pace in the merger process, although both also warned that a deal was far from certain. “In light of arising opportunities, the management board of Deutsche Bank has decided to review strategic options,” Deutsche said in its statement.

Christian Sewing, Deutsche Bank’s chief executive, told employees that Deutsche still aimed “to remain a global bank with a strong capital markets business… with a global network.”A merged bank would likely be the third largest in Europe after HSBC and BNP Paribas, with roughly 1.8 trillion euros ($2.04 trillion) in assets, such as loans and investments, and a market value of about 25 billion euros. [..] However, skeptics questioned the wisdom of a merger. “We do not see a national champion here, but a shaky zombie bank that could lead to another billion-euro grave for the German state. Why should we take this risk?” said Gerhard Schick, finance activist and ex-member of the German parliament.

While the banks had not publicly commented on merger talks until Sunday, Finance Minister Olaf Scholz last Monday confirmed that there were negotiations. On Sunday, the ministry acknowledged the announcement and said it remained in regular contact with all parties. However, there were signs of political opposition. Hans Michelbach, a lawmaker from the Christian Social Union (CSU), the Bavarian sister party of Chancellor Angela Merkel’s Christian Democratic Union (CDU), urged the government to sell its 15 percent stake in Commerzbank before a deal. “There may not be an ownership by the federal government in a merged big bank indirectly through an old stake. We do not need a German State Bank AG,” he told Reuters.

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Hearsay report.

Saudi Crown Prince Allegedly Stripped Of Some Authority (G.)

The heir to the Saudi throne has not attended a series of high-profile ministerial and diplomatic meetings in Saudi Arabia over the last fortnight and is alleged to have been stripped of some of his financial and economic authority, the Guardian has been told. The move to restrict, if only temporarily, the responsibilities of Crown Prince Mohammed bin Salman is understood to have been revealed to a group of senior ministers earlier last week by his father, King Salman. The king is said to have asked Bin Salman to be at this cabinet meeting, but he failed to attend.

While the move has not been declared publicly, the Guardian has been told that one of the king’s trusted advisers, Musaed al-Aiban, who was educated at Harvard and recently named as national security adviser, will informally oversee investment decisions on the king’s behalf. The Saudi embassy in Washington has declined multiple requests for comment since the Guardian approached it on Tuesday. The relationship between the king and his son has been under scrutiny since the murder of Saudi journalist Jamal Khashoggi, which was alleged to have been ordered by Prince Mohammed and provoked international condemnation of the crown prince. This has been denied by the Saudi government.

Experts on the Middle East are divided over whether the murder, and concern over the kingdom’s role in the conflict in Yemen, have led to tension at the heart of the notoriously secretive royal court. But while most observers expect Prince Mohammed to accede to the thrown, there are some signs that the king is seeking to rein in his controversial son at a time when Saudi Arabia is under the spotlight. The Guardian has been told Prince Mohammed did not attend two of the most recent weekly meetings of cabinet ministers, which are headed by the king. The crown prince has also not attended other high-profile talks with visiting dignitaries, including one last week with the Russian foreign minister, Sergey Lavrov.

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And this is just what we see, what washes up on beaches. “16 rice sacks. 4 banana plantation style bags and multiple shopping bags” in the whale’s stomach..”

Dead Whale Washed Up In Philippines Had 40kg Of Plastic Bags In Stomach (G.)

A young whale that washed up in the Philippines died from “gastric shock” after ingesting 40kg of plastic bags. Marine biologists and volunteers from the D’Bone Collector Museum in Davao City, in the Philippine island of Mindanao, were shocked to discover the brutal cause of death for the young curvier beaked whale, which washed ashore on Saturday. In a damning statement on their Facebook page, the museum said they uncovered “40 kilos of plastic bags, including 16 rice sacks. 4 banana plantation style bags and multiple shopping bags” in the whale’s stomach after conducting an autopsy. Images from the autopsy showed endless piles of rubbish being extracted from the inside of the animal, which was said to have died from “gastric shock” after ingesting all the plastic.

[..] The use of single-use plastic is rampant in south-east Asia. A 2017 report by Ocean Conservancy stated that China, Indonesia, the Philippines, Thailand, and Vietnam have been dumping more plastic into the ocean than the rest of the world combined. Marine biologist Darrell Blatchley, who also owns the D’Bone Collector Museum, said that in the 10 years they have examined dead whales and dolphins, 57 of them were found to have died due to accumulated rubbish and plastic in their stomachs.

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