Jun 082020
 


Harris&Ewing Protest: “Congressional Union for Woman Suffrage” 1916

 

New Zealand Has Eradicated Virus (AP)
800-Day Plan: Air New Zealand Warns Of More Job Cuts, Less Flights (R.)
China Stats Accurate, Lockdown Makes Little Difference – Nobel Winner (RT)
Coronavirus in Texas: Cases, Deaths and Tests (TT)
Guatemala President To Work Remotely After 18 Staff Get Coronavirus (R.)
US Bankruptcies Soar 48% In May (ZH)
Major Corporations Scramble To Support Black Lives Matter (JTN)
Minneapolis City Council Votes To Disband Police Force (AP)
Buffalo Police ERT Members Say Resignation Was Not In Solidarity (WKBW)
NYPD, City Hall Deny Police Brass Shake-Up (Pix11)
33 Russia Collusion Probe Witnesses The Senate Could Subpoena (Solomon)
Hillary: How Can Anybody With Beating Heart, Working Mind Support Trump? (Ind.)
Rep. Jordan: Not Surprising McCabe, Rosenstein Disagree
Out With the Old Blood (Mitteldorf)

 

 

Worldometer has global new cases for June 7 (midnight to midnight GMT+0) at + 113,090.

My count from about 6 am EDT to 6 am EDT is about + 108,198 cases. But it was Sunday yesterday, and Brazil ceased providing stats. Let’s see tomorrow.

 

 

 

 

New cases past 24 hours in:

• US + 18,905
• Brazil + 18,375 (first day gov’t stats are unavailable)
• Russia + 8,985
• India + 11,412
• Pakistan + 4,728
• Chile + 6,405

 

 

Cases 7,113,012 (+ 108,198 from yesterday’s 7,004,814)

Deaths 406,549 (+ 3,884 from yesterday’s 402,665)

 

 

 

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

 

 

From Worldometer:

 

 

From COVID19Info.live: Note: COVID19Info global cases and deaths are now higher than Worldometer’s.

 

 

 

 

 

 

 

Of course congrats are in order. But also for New Zealand things are far from solved, it’s an isolated place now.

New Zealand Has Eradicated Virus (AP)

Prime Minister Jacinda Ardern said Monday she was confident New Zealand has halted the spread of the coronavirus after the last known infected person in the country recovered. It has been 17 days since the last new case was reported, while 40,000 have been tested in that time. And Monday also marked the first time since late February that there have been no active cases. Ardern also announced the Cabinet had agreed to another phase of the country’s reopening, to take place at midnight. “We are confident we have eliminated transmission of the virus in New Zealand for now, but elimination is not a point in time, it is a sustained effort,” she said at a news conference.


“We almost certainly will see cases here again, and I do want to say again, we will almost certainly see cases here again, and that is not a sign that we have failed, it is a reality of this virus. But if and when that occurs we have to make sure and we are, that we are prepared.” She said her government’s focus will be on the country’s borders, where isolation and quarantine will continue. Experts say a number of factors have helped the nation of 5 million wipe out the disease. Its isolated location in the South Pacific gave it vital time to see how outbreaks spread in other countries, and Ardern acted decisively by imposing a strict lockdown early in the outbreak. Just over 1,500 people contracted the virus in New Zealand, including 22 who died.

And congrats for Thailand too:

Read more …

Quite optimistic.

800-Day Plan: Air New Zealand Warns Of More Job Cuts, Less Flights (R.)

Air New Zealand will be nimbler, fly fewer passengers and routes, and may cut more jobs as it targets a return to “healthy profits” by 2022, its chief executive said as he navigates the airline through the coronavirus crisis. Greg Foran laid out an 800-day plan to customers and staff under which the national flag carrier will look at how to further cut labour costs, including leave without pay, reduced hours or possibly laying off more people. “We must first survive, then revive and finally thrive,” Foran said in an email to staff and customers, as he forecast revenue for the next financial year to more than halve from recent levels. Shares of the airline surged 11 per cent to NZ$1.82, its highest in almost three months.


Airlines have slashed thousands of jobs and set aside cash for impairments on aircraft as the coronavirus damaged demand amid global lockdowns. Even as countries re-open, profits may be threatened by people refraining from travel and lower fares due to discounts. The International Air Transport Association (IATA) said last week that global airlines cut domestic fares by an average 23 per cent in May, and previously warned traffic would not return to pre-crisis levels until at least 2023. Foran envisions Air New Zealand will be 70 per cent of its pre-COVID-19 size by August 2022 and hinted at further layoffs as the second phase of a cost-cutting plan, to save around $NZ150 million began.

Read more …

Well, the richest ones, those that can afford to quarantine dozens of people.

Film-Makers Back To Work In New Zealand After Coronavirus (R.)

New Zealand’s capital has had an extra buzz of excitement over the past week since Hollywood director James Cameron and his crew flew in to film the much-anticipated sequel of the epic science-fiction film “Avatar”.The film is among a handful of productions kicking off in New Zealand as it begins to open up after containing the novel coronavirus, and looks to its film industry to give its battered economy a boost. New Zealand’s borders remain closed to foreigners but the government gave special permission for the 55 crew members working on the “Avatar” sequel to jet in on a chartered plane. “Certainly, the fact that we are able to start earlier than some countries is great, much as it’s distressing to see that the pandemic is still such a challenge around the world,” said Annabelle Sheehan, chief executive of the New Zealand Film Commission.

New Zealand’s mountains, meadows and forests, made famous by “The Lord of the Rings” trilogy, have drawn several major film productions over recent years. About 47 productions were underway when Prime Minister Jacinda Ardern imposed a tough lockdown on March 26 to stop the spread of the coronavirus. It was a great success and the virus has been almost eliminated in New Zealand, which could be among the first countries in the world to return to normal this week, apart from the closed border. Avatar producer Jon Landau posted a picture of himself and director Cameron after landing last week and said they would self-isolate for 14 days in line with government rules.

“Your country has become a leader in how to deal with something like this, and I think films will want to come,” Landau told Radio New Zealand in an interview, referring to the coronavirus campaign. With people around the world cooped up at home, pressure is on film-makers and other content creators to make new material and get it out. But what’s holding them back is the lack of safe places to work, industry experts say. Now New Zealand is an option. “We’ve had a few international enquiries and that’s on the back of our COVID-free status,” said Gary Watkins, chief executive of Wellington-based Avalon Studios, which was used for the filming of the 2017 Scarlett Johansson starrer “Ghost in the Shell” and will also help with the new “Avatar”.

Economic Development Minister Phil Twyford defended the decision saying the border was only open to a few foreigners who were important for projects with significant economic value. New Zealand’s film industry is worth more than NZ$3 billion a year. A six-month international film can create an estimated 3,000 jobs. “You only need a few international people coming to trigger thousands of jobs,” said Sheehan. And New Zealand needs the jobs. The government expects hundreds of thousands to be lost because of the coronavirus.

Read more …

Some people just don’t care about credibility, and neither does the Nobel committee. What utter nonsense.

China Stats Accurate, Lockdown Makes Little Difference – Nobel Winner (RT)

Challenging the widespread belief that the worldwide anti-coronavirus lockdown has helped in slowing down the disease spread, Stanford Professor Michael Levitt said that it’s actually made very little difference. Speaking to RT’s Going Underground, Nobel Prize-winning biophysicist Levitt said that there was no reason to doubt China’s official coronavirus figures, since its statistics are corresponding with the dynamics observed elsewhere. “What happened in China outside of Hubei is exactly the same dynamics of the curve as what happened in New Zealand,” Levitt stated. “If China is forging statistics, they must have a time machine. And if they have the time machine, they would’ve beaten us in any competition anyway.”

The lockdown measures that have been implemented across many countries worldwide were actually not that effective, the scientist believes. The vast majority of the disease transmissions actually occurred before the lockdowns went into force – and in many countries the people were not that eager to abide by the rules, making the restrictions even more useless. Levitt believes that the best strategy for the government would have been focusing on protecting the elderly population and let others move freely.


“This virus really does seem to be limiting. It gets to about 500 to 1,000 fatalities per million people and then it stops. And this we’ve seen at so many places. I don’t think that Northern Italy practiced wonderful social distancing, I don’t think that social distancing was practiced wonderfully in New York City,” he said. What happened is that the virus is most infectious and most dangerous before you actually know it’s there. Sweden, for instance, which has been harshly criticized for its laissez-faire approach to the pandemic, remains within the European averages – and even falls behind the worst-hit nations, such as Belgium and the UK. “Sweden has had a much milder lockdown than anybody. The predicted number for Sweden was around 60,000 [deaths]. Sweden looks like it’s going to stop at 6,000 at the most,” Levitt said.

Read more …

This one is for the Automatic Earth’s resident physician Dr. John Day in Texas.

“74,978 Texans tested positive for the coronavirus as of June 7 — 1,425 more than the day before and 10,691 more than a week ago.”

Coronavirus in Texas: Cases, Deaths and Tests (TT)

Gov. Greg Abbott is looking at two specific metrics to justify his decision to restart the Texas economy — the positive test rate and hospitalization levels. Here’s how the numbers changed in the first two weeks of May when Texas began reopening. On March 4, DSHS reported Texas’ first positive case of the coronavirus, in Fort Bend County. The patient had recently traveled abroad. A month later on April 4, there were 6,110 cases in 151 counties. As of June 7, there are 74,978 cases in 235 counties. The Tribune is measuring both the number of cases in each county and the rate of cases per 1,000 residents.

The rate of cases per 1,000 residents is especially high in the panhandle’s Moore County, where infections are tied to a meatpacking plant. The rate of cases is also high in counties with state prisons such as Walker and Jones. In other rural areas where the presence of the virus has yet to be confirmed, testing has been scarce.

On April 6, the state started reporting the number of patients with positive tests who are hospitalized. It was 1,153 that day and 1,878 on June 7. This data does not account for people who are hospitalized but have not gotten a positive test. As of mid-April, concerns that Texas hospitals would be unable to accommodate a surge of COVID-19 patients seem to have been assuaged. As he makes decisions about how quickly to restart the Texas economy, Abbott says he is watching the number of hospitalizations and the hospitalization rate — the proportion of infected Texans who require hospitalization. [..] The first death linked to the coronavirus in Texas occurred March 16 in Matagorda County. As of June 7, 1,830 people who tested positive for the virus have died.

Daily infection rateGov. Greg Abbott said he is watching the state’s infection rate — the percentage of positive cases to tests conducted. The average daily infection rate is calculated by dividing the 7-day average of positive cases by the 7-day average of tests conducted. This shows how the situation has changed over time by de-emphasizing daily swings. Public health experts want the daily infection rate to remain below 6%.

Read more …

Makes you wonder how many are on his staff.

Guatemala President To Work Remotely After 18 Staff Get Coronavirus (R.)

Guatemalan President Alejandro Giammattei said on Sunday that 18 employees at his office and on his security detail have tested positive for the novel coronavirus, so he will work remotely and the presidential offices will be disinfected. “I and the vice president will carry out our activities remotely. We’re healthy. We’ve been tested. We don’t have coronavirus,” Giammattei said in a televised address. The Central American country has registered 7,055 confirmed cases of coronavirus and 252 fatalities from the pandemic.

Read more …

“An estimated $7.4 billion in rent for April hasn’t been paid (May numbers have yet to be released), or about 45% of what’s owed..”

US Bankruptcies Soar 48% In May (ZH)

One month ago, when showing the uncanny correlation between defaults and the unemployment rates, we predicted that the number of Chapter 11 filings that is about to flood the US will be nothing short of biblical. All that was missing was a catalyst, one which according to Bloomberg arrived in late May as retail landlords started sending out thousands of default notices to tenants, who in turn experienced a collapse in foot traffic, sales and cash flow due to the COVID-19 pandemic, and were simply unable to pay their debt obligations. According to Bloomberg, restaurants, department stores, apparel merchants and specialty chains have been receiving notices from landlords – some of whom have gone as long as three months without receiving rent.

“The default letters from landlords are flying out the door,” said Andy Graiser, co-president of commercial real estate company, A&G Real Estate Partners. “It’s creating a real fear in the marketplace.” Pressure from default notices and follow-up actions like locking up stores or terminating leases was cited in the bankruptcies of Modell’s Sporting Goods and Stage Stores Inc. Many chains stopped paying rent after the pandemic shuttered most U.S. stores, gambling that they could hold on to some cash before landlords demanded payment. An estimated $7.4 billion in rent for April hasn’t been paid (May numbers have yet to be released), or about 45% of what’s owed, according to a recent analysis by CoStar Group, which also found that just a quarter of expected rent payments have been received by landlords.


“If the landlords don’t put a pause on their actions, you’re going to see more bankruptcies.” Last Thursday, these anecdotal reports were confirmed by the American Bankruptcy Institute which announced that as expected, corporate bankruptcies soared during May, pushing the number of filings to levels recorded in the wake of the 2007-09 recession. According to figures from legal-services firm Epiq Global, US bankruptcy courts recorded 722 businesses nationwide filing for chapter 11 protection last month, a yearly increase of 48% from 487 businesses in May of 2019. The surge was also seen on a month-over-month basis, which jumped by 28% from the 562 Chapter 11 filings in April.

Read more …

In the same way that they all paint themselves green.

Major Corporations Scramble To Support Black Lives Matter (JTN)

As protests and demonstrations against racism and police brutality drag on for another week across America, numerous corporations are scrambling to capitalize on the moment by donating to various Black Lives Matter organizations and allied causes, winning praise and sometimes sharp criticism for P.R. efforts that are by turns successfully deft and sometimes unfortunately clumsy. Corporations today appear to be keenly aware of the marketing benefits to striking that balance, which is likely why so many of them are hastily jumping on board with the current Black Lives Matter craze — some with success, others with more difficulty.

Uber Eats, the food delivery app of the rideshare company Uber, announced this week that black-owned businesses would have free delivery privileges on its system. Uber is suspending delivery fees for black-owned restaurants through the end of the year, the company said in a statement, and will also offer discounted rides to those who own and work at black-owned small businesses. Uber’s announcement was perfectly timed for both the political climate and the economic one: Most restaurants have been surviving on takeout alone over the last few months of coronavirus lockdowns, and owners are still depending heavily on takeaway business as reopenings progress slowly across the country.

Other companies have pledged substantial monetary donations for progressive and racially conscious causes. YouTube this week announced a $1 million donation “to address social injustice.” The company was not clear to what causes exactly it would be donating that money, the sum of which accounts for about 0.006% of the company’s yearly revenue of $15 billion. The clothing company Spanx, meanwhile — known for its undergarments that men and women wear to appear thinner — said in an Instagram post this week that it would be donating “$100,000 across national organizations focused on combating racial injustice: Black Lives Matter, NAACP Legal Defense and Education Fund and The Minnesota Freedom Fund.”

[..] It is not immediately evident what it means exactly to donate to “Black Lives Matter,” a mostly loosely organized movement of disassociated activists and protesters across the country and the world. The campaign’s nominal central authority does accept donations, though it is not evident how those funds are dispensed. The companies Ganni, Anastasia Beverly Hills, Pretty Little Thing and others all pledged to donate to Black Lives Matter, among other causes.

Read more …

I sort of see why they would do it, I can even see a few ways that might make it work, but a lot more ways that won’t. And if the council president says: “Our efforts at incremental reform have failed, period.”, shouldn’t the council perhaps disband itself also?

Minneapolis City Council Votes To Disband Police Force (AP)

A majority of the members of the Minneapolis City Council said Sunday they support disbanding the city’s police department, an aggressive stance that comes just as the state has launched a civil rights investigation after George Floyd’s death. Nine of the council’s 12 members appeared with activists at a rally in a city park Sunday afternoon and vowed to end policing as the city currently knows it. Council member Jeremiah Ellison promised that the council would “dismantle” the department. “It is clear that our system of policing is not keeping our communities safe,” Lisa Bender, the council president, said. “Our efforts at incremental reform have failed, period.” Bender went on to say she and the eight other council members that joined the rally are committed to ending the city’s relationship with the police force and “to end policing as we know it and recreate systems that actually keep us safe.”


[..] Community activists have criticized the Minneapolis department for years for what they say is a racist and brutal culture that resists change. The state of Minnesota launched a civil rights investigation of the department last week, and the first concrete changes came Friday in a stipulated agreement in which the city agreed to ban chokeholds and neck restraints. A more complete remaking of the department is likely to unfold in coming months. Disbanding an entire department has happened before. In 2012, with crime rampant in Camden, New Jersey, the city disbanded its police department and replaced it with a new force that covered Camden County.

Read more …

“57 officers did *not* resign in solidarity with the officers who pushed over a 75-year-old causing brain injury. This turns out to be a lie from the police union.”

“We quit because our union said [they] aren’t legally backing us anymore. So why would we stand on a line for the City with no legal backing if something [were to] happen?”

Buffalo Police ERT Members Say Resignation Was Not In Solidarity (WKBW)

“It went bad. It went bad.” Two officers of the Buffalo Police Department’s Emergency Response Team spoke with 7 Eyewitness News under the condition their names not be used. The officers are part of the 57-person volunteer assignment team that resigned Friday, following an incident involving two of their members Thursday night in Niagara Square. They did not resign from the police department, only from their roles on the team. The officers we spoke with said the Buffalo Police Benevolent Association’s statement asserting all 57 officers resigned from ERT in a “show of support” with the two officers that were suspended without pay is not true.

“I don’t understand why the union said it’s a thing of solidarity. I think it sends the wrong message that ‘we’re backing our own’ and that’s not the case,” said one officer with whom we spoke. “We quit because our union said [they] aren’t legally backing us anymore. So why would we stand on a line for the City with no legal backing if something [were to] happen? Has nothing to do with us supporting,” said another. A representative from the Buffalo Police Benevolent Association told 7 Eyewitness News Reporter Hannah Buehler the officers resigned in “disgust” with how the two officers were treated. “Some of them probably resigned because they support the officer,” said another officer with whom we spoke. “But, for many of us, that’s not true.”


“The City, DA Flynn, they’re not representing those guys at all. They have to find their own lawyers, they have to come out of pocket.” 7 Eyewitness News was not able to reach PBA president John Evans to confirm this information or get a response to several officers shooting down his assertions, but we did obtain an email sent to PBA members by Evans. It states, in part: “In light of this, in order to maintain the sound financial structure of the PBA it will be my opinion the PBA NOT to pay for any ERT or SWAT members legal defense related to these protests going forward. This Admin in conjunction with DA John Flynn and or JP Kennedy could put a serious dent in the PBA’s funds.”

Read more …

Things are going to change one way or another.

NYPD, City Hall Deny Police Brass Shake-Up (Pix11)

Text messages and Facebook posts went into overdrive Sunday in New York’s law enforcement community, with claims top leaders in the NYPD were either resigning or being asked to leave, with replacements ready to step in. “This is not true,” tweeted Freddi Goldstein, press secretary to Mayor Bill de Blasio. NYPD Deputy Commissioner Richard Esposito, over the phone, also said it wasn’t true. But we’re learning there are tensions behind the scenes about the specific fate of two police officers involved in confrontations with protesters in the last twelve days. Both of the cops were suspended without pay on Friday. One of them allegedly knocked down a female protester, Dounya Zayer, outside the Barclays Center in Brooklyn in the early days of the George Floyd protests.

Zayer said she suffered seizures, as a result. Another cop was seen on video pulling down the mask of a male demonstrator and spraying the man’s face with pepper spray. Multiple sources said there’s anger among the rank and file—and among some of the NYPD brass—about the Brooklyn District Attorney’s office considering criminal charges against the two officers. When PIX11 called a spokesman for the Brooklyn DA’s office Sunday evening, we were told, “We’re investigating both of these cases. It’s not true both are going to be arrested imminently. It might happen in the future.” The NYPD has dealt with a lot of turmoil in the last two weeks. “This is all about pandering to anti-cop sentiment,” said a former NYPD Deputy Commissioner.


Multiple police officers have been under siege during the protests, trying to fend off looters, brick and bottle throwers and the burning of NYPD vehicles. Officer Yayon Jean Pierre was stabbed in the neck last week while working an anti-looting post, and two other cops were shot in the hand. Several other officers have been hit by cars, one of them hurt seriously. Sergeant’s Benevolent Association President Ed Mullins, said his phone was exploding with calls about behind-the-scenes clashes between the NYPD and City Hall. “The losers in this are not going to be the cops,” Mullins said. “It’s going to be the public.” Mullins said he didn’t believe the protests were continuing because of the NYPD. “I think it’s about overthrowing the presidency,” he said.

Read more …

Again: storm warning. The “left” will try and label it all political. But if that fails, where are they?

33 Russia Collusion Probe Witnesses The Senate Could Subpoena (Solomon)

Senate Homeland Security and Governmental Affairs Chairman Ron Johnson, Wis., now has the authority to subpoena the agencies and individuals he wants to interrogate or to turn over documents. Senate Judiciary Committee Chairman Lindsey Graham hopes to get his subpoena power this week. [..] The scope of the subpoenas suggests a far-reaching inquiry. For instance, the FBI will be asked to surrender “all records related to the Crossfire Hurricane investigation. This includes, but is not limited to, all records provided or made available to the Inspector General of the U.S. Department of Justice for its review that resulted in the report ‘Review of Four FISA Applications and Other Aspects of the FBI’s Crossfire Hurricane Investigation’; and all records related to requests to the General Services Administration (GSA) or Office of the Inspector General of GSA for presidential transition records from November 2016 through December 2017.”

The State Department will be asked to produce records of its contacts with Christopher Steele, the former MI6 operative who penned the unverified dossier that was used by the bureau as essential evidence in pursuing the case. And the DNI will be asked for all records related to the Obama administration’s unmasking of Trump campaign and transition figures in intelligence intercepts. The list of individuals that Johnson’s committee is seeking to question or seek documents from includes some familiar figures in the controversy, like fired FBI Director James Comey, ex-FBI Counsel James Baker, fired FBI Special Agent Peter Strzok and his paramour, the former FBI lawyer Lisa Page, Obama Director of National Intelligence James Clapper, former CIA Director John Brennan and former Obama National Security Adviser Susan Rice, whose final email on the day she left office about President Obama’s dealings in the Russia probe has stoked great intrigue.


Senate investigators plan to delve into discrepancies in stories between Comey and Brennan over the intelligence community assessment that Russia tried to help Trump win the 2016 election and Comey and Clapper over who briefed President Obama in early January 2017 about a sensitive intercept of a conversation between incoming Trump National Security Adviser Michael Flynn and the Russian ambassador to Washington. One of the most anticipated witnesses is Bill Priestap, the former FBI assistant director of counterintelligence, who supervised Strzok’s Russia investigation and interacted often with former FBI deputy director Andrew McCabe.

Read more …

In other words: half the country are deplorables. Same issue, same question she asked in 2016. Never learned a single thing.

Hillary: How Can Anybody With Beating Heart, Working Mind Support Trump? (Ind.)

Former Secretary of State Hillary Clinton spoke out about her 2016 presidential rival Donald Trump, calling his time in office a “failure” and questioning how anyone could continue to support him. Speaking to the Los Angeles Times, Ms Clinton lashed out at President Donald Trump, criticising his leadership and characterising him as uncaring and incompetent. “What has been so surprising to me is how he can barely make an effort to rise to the occasion. I truly don’t think he can get out of his own way. Everything always has to be about him,” Ms Clinton said. She said Mr Trump tried to ignore the coronavirus pandemic until he was forced to address it, after which she claims he tried to turn the pandemic response into a “daily rally.”

Regarding the murder of George Floyd and the subsequent protests against police brutality and systemic racism in the US, Ms Clinton suggested she had initially hoped that Mr Trump was going to respond with empathy, but that it quickly became clear that wasn’t going to be the case. “He doesn’t have even the minor amount of empathy to fake it, to look like he is concerned, and he reverts to the belligerence and the threat-making and the photo-opping, all the tried and true tactics that feed his need for control and dominance and attention,” Ms Clinton said. Of Mr Trump’s “photo-opping,” his appearance at St John’s Church near the White House – and the tear gassing of protesters to clear the path for the president – has become one of the many flashpoints in the George Floyd protests.


“It was beyond my comprehension. We have never seen anything like this,” she said. “He is without shame. It is a mystery why anybody with a beating heart and a working mind still supports him.” She said that despite the fact that Mr Trump’s character was apparent during the election, even she wasn’t prepared for the degree to which the president would shuck norms. “So much of what we’re seeing now, sadly, was known about Trump and the kind of people who were loyal to him. But it turned out to be even worse than what I thought it would be,” she said. “Despite having my own front-row seat and being concerned about his character and behaviour, he has gone further and broken more norms and undermined our institutions more deeply than I thought would have been possible in such a short period of time.”

Read more …

Jordan hasn’t had the best of times either.

Rep. Jordan: Not Surprising McCabe, Rosenstein Disagree

It’s not surprising that former FBI Director Andrew McCabe and ex-Deputy Attorney General Rod Rosenstein disagree about the events surrounding the Russia probe, Rep. Jim Jordan said Thursday. “Somebody is not telling the truth because former FBI counsel Jim Baker told us when we deposed him last Congress, in the Judiciary Committee, that Rod Rosenstein was serious about wearing a wire and using the 25th Amendment to try to remove President [Donald] Trump from office,” the Ohio Republican told Fox News’ “Fox and Friends.” “Somebody is not being square and I guess maybe when you are engaged in this kind of wrongdoing which happened at the upper levels of the FBI, maybe it’s tough to keep your story straight.”

McCabe on Wednesday accused Rosenstein of lying about ex-FBI Director James Comey’s memos about his meetings with Trump. Rosenstein testified to the Senate Judiciary Committee that McCabe should have told him sooner about the Comey documents, reports Fox News. “Mr. Rosenstein’s claims to have been misled by me, or anyone from the FBI, regarding our concerns about President Trump and the Trump campaign’s interactions with Russia are completely false,” McCabe said in a statement Wednesday. Rosenstein signed the Foreign Intelligence Surveillance Act application to surveil former Trump campaign aide Carter Page, named Bob Mueller as special counsel, and broadened the scope of the Russia investigation, Jordan pointed out.


“The guy who did all of that now says there wasn’t anything there,” said Jordan. “That’s what we have been saying for three years … yet Rosenstein names Bob Mueller as a special counsel and puts our country three years of what we went through. That’s why people are upset about this and that’s why we have got to get to the bottom of it all.”

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Intriguing. Made me think of Einstein love of simplicity.

Diluting the blood of mice with saline/albumin rejuvenates them.


Original paper: Rejuvenation of three germ layers tissues by exchanging old blood plasma with saline-albumin

Out With the Old Blood (Mitteldorf)

There is great promise in 2020 that we might be able to make our bodies young without having to explicitly repair molecular damage, but just by changing the signaling environment. Do we need to add signals that say “young” or remove signals that say “old”? Does infusion of biochemical signals from young blood plasma rejuvenate tissues of an old animal? Or are there dissolved signal proteins in old animals that must be removed? For a decade, Irena and Mike Conboy have been telling us removal of bad actors is more important. But just last month, Harold Katcher reported spectacular success by infusing a plasma fraction while taking away nothing. Then, last week, the Conboys came back with a demonstration of the rejuvenating power of simple dilution.


They simply replaced half of the blood plasma in 2-year-old mice with a saline solution containing 5% albumin. What is albumin? Blood plasma is chock full of dissolved proteins, about 10% by weight. About half of these are termed albumin. Albumin is the generic portion. It doesn’t change through the lifetime. It doesn’t carry information by itself. But albumin transports nutrients and minerals through the body. The Conboys took care to show that albumin has no rejuvenation power on its own, and had nothing to do with their experimental results. Rather, they had to replenish albumin in diluting blood, because the animals would be sickened if half their albumin were removed. Replacing the albumin in a transfusion is akin to replacing the volume of water or maintaining the salinity.

In preparation for this experiment, the Conboys have invested years in miniaturizing the technology for blood transfusions, so that mice can be subjected to the same procedures that are commonplace in human hospitals. The Conboy lab replaced 50% of mouse blood plasma. They got spectacular results with a single treatment, based on a lucky guess. They have not yet experimented with 30% or 70%. They don’t know yet how long the treatment will last and how long it needs to be repeated. As with previous papers from the Conboy lab, the group focused on repair and stem cell activity as evidence of a more youthful state. Three separate tissue samples were taken from liver, muscle, and brain. “Muscle repair was improved, fibrosis was attenuated, and inhibition of myogenic proliferation was switched to enhancement; liver adiposity and fibrosis were reduced; and hippocampal neurogenesis was increased.”

Read more …

 

 

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Elmer Fudd has singlehandedly solved the US gun problem:

 

 

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May 292020
 


Edward Hopper Railroad crossing 1923

 

Half of Britain Is Broke – And The Other Half Is Richer Than Ever (G.)
Trump Signs Order Targeting Social Media Firms’ Legal Protections (Hill)
Police Precinct Torched inThird Night Of Rioting In Minneapolis (R.)
7 Shot During Protests In Louisville (NBC)
Why Do Protestors Loot Shops Without Forming Private Equity Firm? (Onion)
The Hertz Story Isn’t What You Think (Ben Hunt)
EU Not In Mood To Follow Donald Trump Into China Conflict (SCMP)
Europe, China, and Hong Kong: New Red Lines Will Be Worth The Cost (EFCR)
China Says Wants ‘Peaceful Reunification’ With Taiwan (R.)
Attack On Taiwan An Option To Stop Independence, Top China General (R.)
Britain Seeks Alliance Of 10 Democracies To Break China’s 5G Monopoly (Sun)
US Judge Orders 15 Banks To Face Big Investors’ FX Rigging Lawsuit (R.)
Tulsi Gabbard Drops Defamation Suit Against Hillary Clinton (NYP)
Adam Schiff Alarmingly Close to Handing Trump Dangerous Spying Powers (Timm)
Law Professionals Support DOJ Decision To Dismiss Michael Flynn Case (Hill)
Why Did So Many Restaurants Stay Open During the 1918 Pandemic? (Spang)

 

 

First Debt Rattle in a very long time without a direct virus article. Unfortunately that’s not going to last. New global cases set a new record at 119,000.

 

 

New cases past 24 hours in:

• US + 22,618
• Brazil + 26,417
• Russia + 8,572
• UK 4,938
• India + 7,466
• Peru + 5,874
• Chile + 4,654

New deaths past 24 hours in:

• US + 1,230
• Brazil + 1,294
• Mexico + 447
• UK + 446
• Peru + 3,984(?!)

 

 

 

 

 

 

 

 

 

Cases 5,932,180 (+ 118,941 from yesterday’s 5,813,239)

Deaths 362,614 (+ 4,721 from yesterday’s 357,893)

 

 

 

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

 

 

From Worldometer:

 

 

From SCMP:

 

 

From COVID19Info.live:

 

 

 

 

You start a piece with a headline that says everyone’s broke, and then list all the billions in extra savings. Why?

Half of Britain Is Broke – And The Other Half Is Richer Than Ever (G.)

When was the last time you filled up the car? Bought a train ticket? Paid an air fare? Ordered a new sofa? Or even just bought a latte or booked the cinema? Days now go by when I do not spend one pence. And I know I’m far from alone. Figures emerging across Europe reveal that forced saving is happening on an unprecedented scale. French savers put aside nearly €20bn (£16.2bn) in March, compared with the monthly average before coronavirus of €3.8bn. The Italians were much the same, adding €16.8bn to savings accounts, or five times the monthly average of €3.4bn. In the UK, the Bank of England says bank deposits soared by £13.1bn in March, a record monthly rise.

Unorthodox spending patterns abound. GoCompare reckons UK drivers spent £267m less on petrol during the strictest phase of the lockdown. Retail data company Kantar says we are spending a lot more on online groceries but £1bn less on the likes of those £3 sandwich, crisps and juice lunch deals popular in Tesco Express or Sainsbury’s Local. Nationwide says four out of 10 of its customers have more disposable income than before the crisis. The better off are almost wallowing in spare cash. Even after assuming we are spending 20% more on food and alcohol, stockbroker Peel Hunt reckons upper-middle-class households in the UK (those in the ninth decile of income distribution) have cut their disposable spending by just over half.

It estimates that across the entire economy, households in 2020 will save £120.8bn, compared with £38.2bn in 2019, a gigantic increase. That’s a cool £82bn extra kicking around in savings and current accounts. [..] The stockbroking firm at least has the good grace to note we’re not all in this together. “The beneficiaries are skewed towards the top end of the income distribution. Lower-income earners are more likely to work in sectors most affected by job losses and reduced working hours. They also spend a greater proportion of their income on essentials,” it says. So what’s going to happen with all this money? These involuntary savings are entirely the product of the pandemic rather than frugality so we might expect them to go back down to normal levels when the crisis is over and pent-up demand is satisfied.

Read more …

@Jack is in trouble.

Trump Signs Order Targeting Social Media Firms’ Legal Protections (Hill)

President Trump signed an executive order Thursday aimed at increasing the ability of the government to regulate social media platforms, a marked escalation of his lengthy feud with Silicon Valley over allegations of anti-conservative bias. The brunt of the order is focused on Section 230 of the Communications Decency Act, a 1996 law that gives platforms legal immunity for content posted by third-party users while also giving them cover to make good-faith efforts to moderate their platforms. Trump’s order directs an agency within the Commerce Department to file a petition with the Federal Communications Commission (FCC) to clarify the scope of Section 230, a proposition that has already drawn rebukes from the two Democratic members of the five-person commission.

Another section of the order would encourage federal agencies to review their spending on social media advertising. Trump, joined by Attorney General William Barr, addressed reporters in the Oval Office on Thursday afternoon before signing the executive order. “We’re here today to defend free speech from one of the greatest dangers it has faced in American history, frankly, and you know what’s going on as well as anybody. It’s not good,” Trump told reporters. The president accused social media companies of having “unchecked power to censure, restrict, edit, shape, hide, alter virtually any form of communication between private citizens or large public audiences.” He also said that if he were able to shut Twitter down, he would.

Trump and Barr indicated that legislation on Section 230 could be coming soon in Congress. Barr did not provide further details, while Trump suggested they could just “remove or totally change 230.” When asked about the possibility of a legal challenge to the order, Trump said, “I guess it’s going to be challenged in court, but what isn’t?”

Read more …

The victim and the killer had worked together as bouncers in a bar for 17 years.

Police Precinct Torched inThird Night Of Rioting In Minneapolis (R.)

Peaceful rallies gave way to a third night of arson, looting and vandalism in Minneapolis on Thursday as protesters vented their rage over the death of a black man seen on video gasping for breath while a white police officer knelt on his neck. The latest spasm of unrest in Minnesota’s largest city went largely unchecked, despite Governor Tim Walz ordering the National Guard activated to help restore order following the first two days of disturbances sparked by Monday night’s fatal arrest of George Floyd, 46. In contrast with Wednesday night, when rock-throwing demonstrators clashed repeatedly with police in riot gear, law enforcement kept a low profile around the epicenter of the unrest, outside the city’s Third Precinct police station.

Protesters massing outside the building briefly retreated under volleys of police tear gas and rubber bullets fired at them from the roof, only to reassemble and eventually attack the building head on, setting fire to the structure as police seemed to withdraw. Protesters were later observed on the roof. The city authority warned about ‘unconfirmed’ reports that gas lines to the Third Precinct police station were cut and that there were other explosives in the building. It appealed to people to retreat from the building.A car and at least two other buildings in the vicinity were also set ablaze, and looters returned for a second night to a nearby Target discount store, left boarded up and vacant from the previous night, to make off with whatever remained inside. Fire officials said 16 buildings were torched on Wednesday night.

President Donald Trump on Twitter said that he will send the National Guard troops and “get the job done right” if Mayor Jacob Frey failed to bring the city under control. “Any difficulty and we will assume control but, when the looting starts, the shooting starts,” he wrote in tweets posted late midnight.

Read more …

Louisville, Dallas, New York.

7 Shot During Protests In Louisville (NBC)

Seven people were shot in Louisville, Kentucky, one of whom was in critical condition, during protests that turned violent Thursday night, police said. Circumstances of the shootings were not immediately clear, and a police spokesman called the situation downtown fluid early Friday. Officers were not involved in the shootings, Police Sgt. Lamont Washington said. No other details were immediately available from police. Mayor Greg Fischer said in a video statement early Friday that seven people were shot “from within the crowd” and no police officers fired their weapons. Five were in good condition, two were sent to surgery, he said, adding “my prayers are with all of them.”


The violence happened as hundreds had gathered to protest the death of Breonna Taylor, a 26-year-old woman who was killed by Louisville police this spring. “What we are seeing tonight in this community is the obvious frustration of the tension between police and residents,” police special adviser Jessie Halladay said earlier in a video call. “What started out as a peaceful protest earlier this evening is now escalating into property damage, more aggressive action, and we’ve just heard reports of shots fired in the crowd,” she said at the time. She said that in addition to property damage bottles had been thrown at officers.

Read more …

If confused about the logic, see next article.

Why Do Protestors Loot Shops Without Forming Private Equity Firm? (Onion)

Calling for a more measured way to express opposition to police brutality, critics slammed demonstrators Thursday for recklessly looting businesses without forming a private equity firm first. “Look, we all have the right to protest, but that doesn’t mean you can just rush in and destroy any business without gathering a group of clandestine investors to purchase it at a severely reduced price and slowly bleed it to death,” said Facebook commenter Amy Mulrain, echoing the sentiments of detractors nationwide who blasted the demonstrators for not hiring a consultant group to take stock of a struggling company’s assets before plundering.


“I understand that people are angry, but they shouldn’t just endanger businesses without even a thought to enriching themselves through leveraged buyouts and across-the-board terminations. It’s disgusting to put workers at risk by looting. You do it by chipping away at their health benefits and eventually laying them off. There’s a right way and wrong way to do this.” At press time, critics recommended that protestors hold law enforcement accountable by simply purchasing the Minneapolis police department from taxpayers.

Read more …

The looters should copy Carl Icahn.

The Hertz Story Isn’t What You Think (Ben Hunt)

On June 30, 2016, Carl Icahn led a restructuring of “Old Hertz”, where the Hertz Equipment Rental Corporation (HERC) was split off from the car rental operations (Hertz Global Holdings). Each became a separate publicly-traded company (Icahn with 39% equity stake in Hertz and a 15% stake in HERC), each installed an Icahn-controlled board (not “controlled” in a legal sense, but controlled sure enough), and each started taking on massive amounts of debt. How much debt? Well, HERC has about $2.1 billion in long-term debt, against an equity market cap of only $830 million (and that’s more than twice what it was at the March lows). The equity position is what we might call a stub … a small piece of the enterprise value of the overall corporation (debt + equity – cash). If you want to understand HERC as an equity investment, you better focus your analysis on that debt position and how the company can support that kind of leverage!


As for the debt levels at Hertz … LOL. Hertz has more than $19 billion in long-term debt, against a market cap that was (at its 2019 peak!) about $2.1 billion. Now there’s a stub for you. It’s hard for me to adequately convey the playground that an insanely levered rental company – whether it rents cars or construction equipment – provides for a financialization genius like Carl Icahn. Between asset depreciation assumptions, cost of capital assumptions, and the ability to securitize or otherwise move assets off your balance sheet … the accounting cookie jar that a rental company gives Icahn is otherworldly. Keep in mind, too, that in 2017 – more than a year after Icahn took control – Hertz was forced to report that management had “identified material weaknesses in our internal control over financial reporting.”

Read more …

Well, actually, the UE has no mechanism with which to rapidly agree on this.

EU Not In Mood To Follow Donald Trump Into China Conflict (SCMP)

European leaders are in no mood to follow the United States in threatening trade sanctions against China as it moves to tighten its grip on Hong Kong, although foreign ministers will meet on Friday to try to hack out a common position. China’s top legislature on Thursday voted to impose a national security law on Hong Kong, sparking concerns that Beijing will limit the autonomy granted by the “one country, two systems” principle that followed the end of British rule in 1997. The US, Canada, Australia and Britain condemned Beijing’s step, hailing Hong Kong as a “bastion of freedom,” while Britain held open the prospect of citizenship for more Hongkongers if Beijing presses ahead.

But despite growing tensions over the former British colony, German Chancellor Angela Merkel, Europe’s most powerful politician, insisted she still wants the European Union to reach a landmark investment agreement with China this year. And while US President Donald Trump said on Thursday the US would be announcing new US policies on Friday as “we are not happy with China” after his Secretary of State Mike Pompeo had already cast doubt on Hong Kong’s continued preferential trading status, the EU stuck to traditional diplomatic expressions of concern. EU foreign policy chief Josep Borrell said he had “deep concern” about Thursday’s move.

He has previously insisted Brussels “attaches great importance to the preservation of Hong Kong’s high degree of autonomy,” but said this week he did not think “sanctions against China are going to be a solution for our problems”. Merkel also said the EU, the world’s biggest trade bloc, needed to maintain a “critical and constructive” dialogue, with trade retaliation not on the agenda when European foreign ministers meet on Friday. “Sanctions are not on the table, our relations with the Chinese are simply too important,” one senior EU diplomat said. The senior EU diplomat added that Hong Kong could be “a game changer” as questions increase about the rule of law in a city of 7 million people that is the base for many European investors in the region.

But the key issue is whether China’s power grab in Hong Kong will weigh on the EU’s investment agreement with China. Germany wants the deal to be concluded at an EU-China summit in the German city of Leipzig in September, although the agreement was already in trouble even before the latest flare-up in Hong Kong. Michael Clauss, Germany’s ambassador to the EU and a former ambassador to China, admitted earlier this month that talks were stuck over market access rights for European companies.

Read more …

Europe’s Council on Foreign Relations likes a hard line.

Europe, China, and Hong Kong: New Red Lines Will Be Worth The Cost (EFCR)

Both international and Chinese companies have long benefitted from the framework of ‘one country, two systems’. It has allowed business to take place outside the direct access of Beijing’s tight authoritarian control of people and capital on the mainland. For decades Hong Kong has enjoyed special privileges in international trade and has thus been one of Asia’s most vibrant economic and financial hubs. Beijing’s alteration of the status quo will likely provoke a US response in the form of sanctions against China or the cancellation of Hong Kong’s special economic privileges. The attempt to turn Hong Kong into just another Chinese city will no doubt hurt Chinese businesses and elites, but it will likely hurt Western companies even more, as they have long relied on Hong Kong’s excellent business conditions as an invaluable gateway to the Chinese market.


Amid the global pandemic and rising US-China tensions, the push on Hong Kong was foreseeable, but still somewhat unexpected. The Chinese government has likely judged that now is the perfect time to complete some unfinished business. China is intensifying its patrols and creating new administrative structures in the South China Sea. It has increased sabre-rattling towards Taiwan. And Chinese military forces have reportedly entered into Indian territory along the Sino-Indian border, where stand-offs and limited skirmishes have lately occurred on a more regular basis. While the coronavirus has effectively pressed the pause button on the world economy, China’s policymakers have hit fast-forward on restoring ‘territorial integrity’ and dominance in Asia. For Europe, this comes at the worst possible moment.

Read more …

If need be under grave threat.

China Says Wants ‘Peaceful Reunification’ With Taiwan (R.)

The head of China’s Taiwan Affairs Office said on Friday that “one country, two systems” and “peaceful reunification” is the best way to bring China and Taiwan together. Outside attempts by foreign forces to interfere in “reunification” will fail, Liu Jieyi told an event at the Great Hall of the People marking 15 years since China signed into law its Anti-Secession Law. Beijing passed the law in 2005 which authorises the use of force against Taiwan if China judges it to have seceded.

Read more …

Two different voices saying the same thing. Agenda much?

Attack On Taiwan An Option To Stop Independence, Top China General (R.)

China will attack Taiwan if there is no other way of stopping it from becoming independent, one of the country’s most senior generals said on Friday, in a rhetorical escalation from China aimed at the democratic island Beijing claims as its own. Speaking at Beijing’s Great Hall of the People on the 15th anniversary of the Anti-Secession Law, Li Zuocheng, chief of the Joint Staff Department and member of the Central Military Commission, left the door open to using force. The 2005 law gives the country the legal basis for military action against Taiwan if it secedes or seems about to, making the narrow Taiwan Strait a potential military flashpoint.


“If the possibility for peaceful reunification is lost, the people’s armed forces will, with the whole nation, including the people of Taiwan, take all necessary steps to resolutely smash any separatist plots or actions,” Li said. “We do not promise to abandon the use of force, and reserve the option to take all necessary measures, to stabilise and control the situation in the Taiwan Strait,” he added. Although China has never renounced the use of force to bring Taiwan under its control, it is rare for a top, serving military officer to so explicitly make the threat in a public setting. The comments are especially striking amid international opprobrium over China passing new national security legislation for Chinese-run Hong Kong.

Read more …

Five Eyes alliance. They should ban 5G until it’s been properly researched.

Britain Seeks Alliance Of 10 Democracies To Break China’s 5G Monopoly (Sun)

Britain is seeking an international alliance to supply Brits with 5G internet and break China’s monopoly over the network. The Government is driving forward plans for 10 democratic countries to work together and find a new provider for the superfast internet. Ministers want the UK to form a club of nations, dubbed the ‘D10’, to fund technology companies and find a 5G supplier to replace Huawei. The PM approved plans for the Chinese company to build part of the UK’s new internet network in January, despite pressure from MPs and the US government. The D10 club would see G7 nations – Canada, France, Germany, Italy, Japan, the UK and the US – join forces with Australia, South Korea and India to find another company to build the 5G network.


The UK has already approached Washington with the plan, the Times has reported. A source told the newspaper: “We need new entrants to the market. That was the reason we ended up having to go along with Huawei at the time.” It comes amid rising tensions between the UK and China, with the Government accusing the Communist state of covering up coronavirus. Cabinet Secretary Michael Gove said in March that China “was not clear about the scale, the nature, the infectiousness of this disease.” Nokia and Ericsson are the only two companies in Europe that are currently supplying 5G infrastructure, but it is believed they could not build the network as quickly as Huawei.

Read more …

Feels like Vito Corleone taking the Tattaglia family to court.

US Judge Orders 15 Banks To Face Big Investors’ FX Rigging Lawsuit (R.)

A U.S. judge on Thursday said institutional investors, including BlackRock and PIMCO, can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchange market. U.S. District Judge Lorna Schofield in Manhattan said the nearly 1,300 plaintiffs, including many mutual funds and exchange-traded funds, plausibly alleged that the banks conspired to rig currency benchmarks from 2003 to 2013 and profit at their expense. “This is an injury of the type the antitrust laws were intended to prevent,” Schofield wrote in a 40-page decision.


The banks, which sometimes controlled more than 90% of the market, included Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Standard Chartered and UBS or various affiliates. In their complaint, the plaintiffs accused the banks of improperly sharing confidential orders and trading positions, and using chat rooms with such names as “The Cartel,” “The Mafia” and “The Bandits’ Club.” Banks were also accused of using deceptive trading tactics such as “front running,” “banging the close” and “taking out the filth.” [..] The litigation began in November 2018, after the plaintiffs “opted out” of similar nationwide litigation that had resulted in $2.31 billion of settlements with most of the banks.

Read more …

Sorry to see this. Finish what you start.

Tulsi Gabbard Drops Defamation Suit Against Hillary Clinton (NYP)

Former presidential contender Tulsi Gabbard dropped her defamation lawsuit against Hillary Clinton on Wednesday, saying the COVID-19 pandemic and 2020 presidential election are more important than her legal claims. In court papers filed in Manhattan federal court Wednesday, Gabbard wrote that, while her claims have merit, it’s better to “focus their time and attention on other priorities, including defeating Donald Trump in 2020, rather than righting the wrongs here.” Gabbard, a congresswoman from Hawaii, sued Clinton in January, claiming the former first lady defamed her by calling her a “Russian asset” during the 2020 Democratic presidential primary.


“Tulsi Gabbard is running for President of the United States, a position Clinton has long coveted, but has not been able to attain,” Gabbard’s Manhattan federal lawsuit read. “In October 2019 — whether out of personal animus, political enmity, or fear of real change within a political party Clinton and her allies have long dominated — Clinton lied about her perceived rival Tulsi Gabbard. She did so publicly, unambiguously, and with obvious malicious intent,” it added. Clinton had refused to walk back comments she made during a 2019 appearance on a podcast, in which she referred to Gabbard as a “favorite of the Russians.” “She’s the favorite of the Russians. They have a bunch of sites and bots and other ways of supporting her so far,” Clinton told “Campaign HQ” host and former Obama campaign manager David Plouffe.

Read more …

Where the real danger resides.

Adam Schiff Alarmingly Close to Handing Trump Dangerous Spying Powers (Timm)

Congress has been embroiled in debate over the potential renewal of three controversial provisions of the Patriot Act, the post-9/11 spying bill that has been harshly criticized by civil liberties advocates for almost two decades. At issue in Congress is the fact that Section 215 of the Patriot Act (the provision once secretly reinterpreted by the FISA court to authorize the NSA’s mass phone surveillance program) allows the Trump administration to gather the internet browsing and search histories of Americans without a warrant. Sen. Ron Wyden had proposed an amendment that would require federal authorities to get a probable cause warrant before ever accessing this data.

It seemed like a popular no-brainer: Web browsing and search history is some of the most sensitive content online, and internet privacy has never been a bigger concern to the public. But in a dramatic vote two weeks ago, the Senate roll call on Wyden’s amendment fell just one vote short of the 60-member threshold from passing. With two Democratic caucus members — Bernie Sanders and Patty Murray — missing the vote, the final tally was 59 for and 37 against. The outrage was swift. Even in the Covid-saturated media environment, dozens of news outlets covered the controversy, and the reaction from constituents across the country then came pouring in. Civil liberties organizations immediately mobilized their supporters to contact members of the House, which still must vote on the final bill before it goes to Trump’s desk for a signature.

The pressure worked. Later that same day, Senators voted to pass another amendment that has the potential to reform the secretive FISA court in a significant way. And the House’s privacy advocates felt emboldened to push House leadership to hold a vote on the Wyden amendment during its debate of the Patriot Act bill this week. At the behest of Speaker Nancy Pelosi, a bipartisan team of House representatives — led by Democratic Rep. Zoe Lofgren and Republican Rep. Warren Davidson — negotiated for three days with Schiff on the exact language of the amendment. Lofgren and Davidson wanted an up and down vote on Wyden’s version that failed in the Senate by one vote, but Schiff reportedly resisted. The sides reached a compromise late Tuesday afternoon.

Schiff pushed for a change to the amendment so that warrant protections would only cover “U.S. persons,” a definition that would exclude millions of undocumented immigrants in the United States, including the thousands of DACA recipients, who are at particular risk of surveillance under the Trump administration. Even with the weakened language, Wyden supported the bill, while emphasizing in a statement that the bill’s language meant that if there was any possibility of Trump collecting U.S. persons’ data, then the administration had to get a warrant.

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The judge will get roasted. Nobody agrees with the move.

Law Professionals Support DOJ Decision To Dismiss Michael Flynn Case (Hill)

More than two dozen former prosecutors, judges and active trial lawyers filed a brief backing the Department of Justice’s (DOJ) decision to dismiss the case against President Trump’s former national security adviser Michael Flynn. The bipartisan group of former government attorneys are asking U.S. District Court Judge Emmet G. Sullivan for them to formally file an amicus brief on the case. The group includes former Whitewater independent counsel Kenneth Starr and U.S. Rep. Trey Gowdy (R-S.C.). “The issue presented in this case is whether the court has discretion to deny a motion to dismiss to which the defendant consents, as Gen. Flynn has done here. The answer is no,” the attorneys wrote.


Attorney General William Barr requested that the Justice Department drop the charges against Flynn of lying to the FBI about his contacts with Russia shortly before Trump took office. The attorneys argue that Sullivan does not have the legal right to override the decision from the prosecutor — in this case the DOJ — to dismiss a case they are prosecuting. “There is simply no basis upon which this Court can review and deny the Government’s motion to dismiss, to which the defense has consented,” they wrote. Earlier this month, 16 former Watergate prosecutors also asked Sullivan for permission to weigh in on the case. The attorneys argued that given the DOJ’s decision to dismiss Flynn’s criminal prosecution — despite his 2017 guilty pleas — the department cannot be counted on to give the court a fair and complete presentation of the issues raised by the move.

Read more …

History lessons are always good.

Why Did So Many Restaurants Stay Open During the 1918 Pandemic? (Spang)

You’re living in a pandemic. Public health officials recommend new measures every few days: avoid crowds, open windows, wear a mask. Schools close, theaters go dark, even churches shut their doors. But at least the restaurants are open! The year is 1918—maybe not so much like 2020 after all. For years, centuries even, we took restaurants for granted; it is news to most people that they had to be invented (I write about this history in my book The Invention of the Restaurant). As a child, it made sense to me that Eli Whitney invented the cotton gin and Alexander Graham Bell, the telephone—as we learned in school, “progress” meant currently familiar technologies had all started at some point in the past. Jonas Salk created a polio vaccine. These people were all famous because they invented a new thing. But that social and cultural forms had a history, that not just individual eateries but the entire category of restaurants might be new at one point and non-existent at another? Go figure.

Now it appears that restaurants may not only have a start date, but an end date as well. Born of Enlightenment medical sensibility (the first restaurateurs sold restorative broths and marketed their products especially to people with “weak and delicate chests”), restaurants as we knew them just six months ago may well be a thing of the past—killed off, or at least radically altered, by the current pandemic. For more than 200 years, restaurants have been public places where people go to be private: to sit at their own tables, have their own conversations, eat their own meals. But even that limited degree of interaction violates the social distancing guidelines widely in place today.

Operating in most cases with small profit margins—this month’s customers pay next month’s rent—few restaurants can afford two weeks (much less months) of forced closure. Estimates are that 75 percent of independently owned restaurants may never re-open. Without them, bakeries, specialty farmers, and wine distributors are likely to be in serious trouble as well. While most authorities in the United States today agreed on restaurants closures as a vital public-health measure, their counterparts during the deadly 1918 influenza epidemic saw things differently. A hundred years ago, it seemed obvious that crowds would form along parade routes, in public parks, at revival or club meetings—but not in restaurants.

Read more …

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May 282020
 


Edward Hopper Railroad crossing 1926

 

Questions Raised Over HCQ Study Which Caused WHO To Halt Trials (G.)
India Invites Scepticism As It Sticks By Hydroxychloroquine (SCMP)
South Korea Could Face Return To Restrictions After Spike In New Cases (G.)
Hong Kong Is No Longer Autonomous From China, US Determines (SCMP)
China Approves Hong Kong Draft Security Law (NBC)
Hong Kong’s ‘Significance Is Eroding’, As Trump Considers Next Move (SCMP)
US And China Fight At United Nations Over Hong Kong (R.)
What To Expect Now US Deems Hong Kong No Longer ‘Autonomous’ (SCMP)
Taiwan Will Help Relocate Fleeing Hongkongers – President Tsai (SCMP)
Suddenly Everything is Too Big to Fail – John Rubino (USAW)
Flightless Kiwi Economy To Land With A Thud (Austr.)
The General Election Scenario That Democrats Are Dreading (Pol.)
AG Barr Launches New ‘Unmasking’ Investigation Around 2016 Election (CNN)
Former Flynn Lawyers “Find” 6,800 Documents They Failed To Produce (Solomon)
Rosenstein First Witness In Senate Judiciary’s ‘Crossfire Hurricane’ Probe (JTN)
New Book Claims Bill Clinton Had Affair With Ghislaine Maxwell (NYP)
Minneapolis Ablaze Amid Looting (ZH)

 

 

The coronavirus death toll in Europe crossed 175,000

New cases past 24 hours in:

• US + 20,103
• Brazil + 20,154
• Russia + 8,371
• UK 4,938
• India + 7,540
• Peru + 6,154

New deaths past 24 hours in:

• US + 1,529
• Brazil + 1,104
• Mexico 462
• UK 343

 

 

 

Cases 5,813,239 (+ 103,721 from yesterday’s 5,709,518)

Deaths 357,893 (+ 5,143 from yesterday’s 352,750)

 

 

 

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

 

 

From Worldometer:

 

 

From SCMP:

 

 

From COVID19Info.live:

 

 

 

 

One single report in the Lancet, based on data from a company nobody seems to know, has had the desired effect. France, the WHO, and now Italy and Belgium have all turned their backs on HCQ.

Questions Raised Over HCQ Study Which Caused WHO To Halt Trials (G.)

Questions have been raised by Australian infectious disease researchers about a study published in the Lancet which prompted the World Health Organization to halt global trials of the drug hydroxychloroquine to treat Covid-19. The study published on Friday found Covid-19 patients who received the malaria drug were dying at higher rates and experiencing more heart-related complications than other virus patients. The large observational study analysed data from nearly 15,000 patients with Covid-19 who received the drug alone or in combination with antibiotics, comparing this data with 81,000 controls who did not receive the drug.

[..] The study, led by the Brigham and Women’s Hospital Center for Advanced Heart Disease in Boston, examined patients in hospitals around the world, including in Australia. It said researchers gained access to data from five hospitals recording 600 Australian Covid-19 patients and 73 Australian deaths as of 21 April. But data from Johns Hopkins University shows only 67 deaths from Covid-19 had been recorded in Australia by 21 April. The number did not rise to 73 until 23 April. The data relied upon by researchers to draw their conclusions in the Lancet is not readily available in Australian clinical databases, leading many to ask where it came from.

[..] The Lancet told Guardian Australia: “We have asked the authors for clarifications, we know that they are investigating urgently, and we await their reply.” The lead author of the study, Dr Mehra Mandeep, said he had contacted Surgisphere, the company that provided the data, to reconcile the discrepancies with “the utmost urgency”. Surgisphere is described as a healthcare data analytics and medical education company. [..] Dr Allen Cheng, an epidemiologist and infectious disease doctor with Alfred Health in Melbourne, said the Australian hospitals involved in the study should be named. He said he had never heard of Surgisphere, and no one from his hospital, The Alfred, had provided Surgisphere with data.

“Usually to submit to a database like Surgisphere you need ethics approval, and someone from the hospital will be involved in that process to get it to a database,” he said. He said the dataset should be made public, or at least open to an independent statistical reviewer. “If they got this wrong, what else could be wrong?” Cheng said. It was also a “red flag” to him that the paper listed only four authors. “Usually with studies that report on findings from thousands of patients, you would see a large list of authors on the paper,” he said. “Multiple sources are needed to collect and analyse the data for large studies and you usually see that acknowledged in the list of authors.”

Read more …

This is about health care workers on the front lines, who have nothing else to protect themselves.

India Invites Scepticism As It Sticks By Hydroxychloroquine (SCMP)

The Indian government is courting controversy by continuing to give the antimalarial drug hydroxychloroquine to health care workers on the front lines of the fight against the coronavirus, despite safety concerns that have prompted the World Health Organisation to pause a large-scale trial of the drug. Scientists at the Indian Council of Medical Research (ICMR), the body leading the coronavirus battle in India, say their studies have shown definitively that the drug – also known as HCQ – helps to prevent infections among health care workers exposed to Covid-19. The ICMR has conducted three studies, involving control groups of between 330 and 1,300 people, in which frontline health care staff have taken the drug as a preventive measure.

Dr Suman Kanungo, ICMR’s senior epidemiologist, told This Week in Asia that further research was being carried out on a control group of 1,500 health care workers and that the results of the studies would be released within a month. He stressed the ICMR recommended the drug as a preventive measure, indirectly implying that it was not recommended as a cure for Covid-19. His comments came after the ICMR’s director general Balram Bhargava said on Tuesday that the group’s studies had shown that HCQ, when used as a preventive measure, had no side-affects. However, some experts are sceptical of the ICMR’s claims, pointing out that India is the world’s largest manufacturer of the drug and that only very limited details of the studies have been made public.

Dr Sapan Desai, CEO of the Surgisphere Corporation and a co-author of the Lancet study, said the study was based on a “specific group” of hospitalised Covid-19 patients. “[We] have clearly stated that the results of our analyses should not be over-interpreted to those that have yet to develop the disease or those that have not been hospitalised. It is in recognition of these limitations of our observational study that we recommended that RCTs [randomly controlled trials] be urgently completed,” he said.

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Every government’s nightmare.

South Korea Could Face Return To Restrictions After Spike In New Cases (G.)

South Korea has reported its biggest daily increase in coronavirus cases in 53 days, triggering warnings it may have to revert to stricter social distancing measures after appearing to have brought the outbreak under control. The Korean Centres for Disease Control and Prevention (KCDC) reported 79 new infections on Thursday with 67 of them from the Seoul metropolitan area, home to about half of the country’s population of 51 million. Officials said health authorities were finding it increasingly difficult to track the transmission routes for new infections and urged people to remain vigilant amid fears of a second wave of Covid-19 infections.

The health minister, Park Neung-hoo, pleaded with residents in and around the capital to avoid unnecessary gatherings and urged companies to allow sick employees to take time off work. “Infection routes are being diversified in workplaces, crammed schools and karaoke rooms in the metropolitan area,” Park said. The recent spike in infections has underlined the risks that come with relaxing social distancing rules, as countries seek to breathe life into their struggling economies. More than 250 new infections were traced to clubs and bars in the Itaewon district of Seoul in early May, while the latest cluster has been linked to a distribution centre in Bucheon, near Seoul, owned by the e-commerce firm Coupang.

The recent rise in cases is affecting the phased reopening of schools, only recently held up as evidence that South Korea, one of the first countries outside China to be affected, had contained the outbreak. More than 500 schools have delayed the resumption of classes over virus concerns, the education ministry said this week. Thursday’s figures followed reports of 40 new cases on Wednesday – the highest figure in seven weeks. South Korea has reported a total of 11,344 cases and 269 deaths from Covid-19.

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Pompeo is a pompous fool, but how could one claim he’s mistaken here?

Hong Kong is pivotal for the banking sector that underlies trade between China and the west, between the renminbi and the USD. But because nobody wants the renminbi, it’s that much more pivotal for China.

Hong Kong is interesting for the west only when it’s independent. Once it’s part of China, why stay there?

Hong Kong as it is today, is the culmination of 200 years of development, negotiations, trust building. It will take a very long time for China to establish that somewhere else. Hong Kong has a “special trading status” with the US. Those are not handed out with every box of detergent.

Hong Kong Is No Longer Autonomous From China, US Determines (SCMP)

In a huge blow to Hong Kong, the Trump administration informed the US Congress on Wednesday that the city is no longer suitably autonomous from China. The assessment is a crucial step in deciding whether Hong Kong will continue to receive preferential economic and trade treatment from the United States. “No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground,” US Secretary of State Mike Pompeo said in a statement. “This decision gives me no pleasure. But sound policy making requires a recognition of reality.” The State Department’s certification is a recommendation and does not necessarily lead to an immediate next step. US officials, including President Donald Trump, now must decide to what extent sanctions or other policy measures should be levelled on the city.

“While the United States once hoped that free and prosperous Hong Kong would provide a model for authoritarian China, it is now clear that China is modeling Hong Kong after itself,” Pompeo said. Under the Hong Kong Human Rights and Democracy Act passed by the US Congress in November, the administration must decide annually whether governance of Hong Kong is suitably distinct from China. Options available to the administration – which may in part depend on Beijing’s reaction, analysts said – include higher trade tariffs, tougher investment rules, asset freezes and more onerous visa rules. The move sent shock waves through China and Hong Kong policy circles. “Wow,” said Bonnie Glaser, director of the China Power Project at the Centre for Strategic and International Studies.

“I fully expect the US to proceed with sanctions on individuals and entities deemed to be undermining Hong Kong’s autonomy,” she continued. “Secondary sanctions are possible on banks that do business with entities found in violation of law guaranteeing Hong Kong’s autonomy.” Analysts noted a long-standing dilemma faced by successive US administrations: if Washington imposes sanctions on Hong Kong, it risks hurting residents of the city at least as much as it penalises Beijing. Following through on threats to change Hong Kong’s status will have a hugely negative impact on US companies operating there as well as on Hongkongers while having a minuscule effect on China, said Nicholas Lardy, a fellow at the Peterson Institute for International Economics. “And I don’t know why we want to punish the citizens of Hong Kong for something that the government in Beijing is doing,” he added.

[..] Under the Basic Law, Hong Kong’s mini constitution, the city’s government has leeway to make its own decisions, other than those involving defence and national security, where Beijing prevails. But at annual political meetings last week in Beijing, China unveiled a resolution that will initiate the legislative process for a new draft legislation banning “secession, subversion, terrorism and foreign interference”. The move will greatly expand the mainland’s power over the city and has elevated concerns that China is rapidly eliminating the “one country, two systems” principle.

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They’re going to pass it, because otherwise they would lose face.

China Approves Hong Kong Draft Security Law (NBC)

The Chinese parliament passed the first hurdle of enacting a draft security law for Hong Kong on Thursday, legislation that has prompted widespread concern about Beijing’s increasing influence on the semi-autonomous region. The annual National People People’s Congress approved the framework of the law by 2,878 votes to one, and it will now go to senior party officials in the Standing Committee of the NPC to be fleshed out. The draft law, which is set to tackle issues such as secession, subversion, terrorism and foreign interference, comes after a year of anti-government protests that at times brought Hong Kong to a standstill. It has already prompted widespread concern around the world. Secretary of State Mike Pompeo said it meant that Hong Kong no longer qualifies for its special status under U.S. law. “The United States stands with the people of Hong Kong,” he said in a statement Wednesday.

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“Coming out and decertifying Hong Kong’s autonomy is not the hard decision, The hard work comes now, which is how you implement it.”

Hong Kong’s ‘Significance Is Eroding’, As Trump Considers Next Move (SCMP)

Economists, diplomats and business figures were scrambling on Thursday to quantify the effect of Washington’s decision to deem Hong Kong “no longer autonomous” from China, with many gaming out the “nuclear option”, in which the United States revokes the city’s special trading status. Former White House officials said that the most likely immediate scenario is that US President Donald Trump approves a “variety” of sanctions, potentially on both Chinese and Hong Kong officials, by the end of the week in response to China’s national security law for Hong Kong. However, “the nuclear option is certainly on the table”, said a former senior Trump administration official, which would see Hong Kong’s status as a region apart from the rest of China removed at a later date, leaving the city vulnerable to trade war tariffs, technological export controls, visa and travel restrictions and greater financial sector scrutiny.

“Coming out and decertifying Hong Kong’s autonomy is not the hard decision,” said Evan Medeiros, who served as former president Barack Obama’s top adviser on the Asia-Pacific and who confirmed that he would have done the same. “The hard work comes now, which is how you implement it.” Should Trump go gung-ho on China, there would be no direct change to Hong Kong’s international status. It would remain a member of the World Trade Organisation (WTO) and the Asia-Pacific Economic Cooperation group. The direct economic impact would be sharp, but short-term, analysts said. But in the long run it will be a huge blow to Hong Kong’s image as an international commercial centre – even as a gateway to China.

“I guess the significance of Hong Kong is eroding and when I go to see the members in Shenzhen and Guangzhou and listen to discussion about the Greater Bay Area, it is pretty much one story, as if Hong Kong is insignificant,” said Joerg Wuttke, president of the European Union Chamber of Commerce for China in Beijing. “Hong Kong cannot be replicated, the unique density of professionals, the transparency of the system, the rule of law, the kind of debate possibilities, the openness. They’re definitely important for developing business in China, for many of us it’s being challenged right now,” Wuttke said.

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Like either gives a damn about the UN.

US And China Fight At United Nations Over Hong Kong (R.)

The United States and China clashed over Hong Kong at the United Nations on Wednesday after Beijing opposed a request by Washington for the Security Council to meet over China’s plan to impose new national security legislation on the territory. The U.S. mission to the United Nations said in a statement that the issue was “a matter of urgent global concern that implicates international peace and security” and therefore warranted the immediate attention of the 15-member council. China “categorically rejects the baseless request” because the national security legislation for Hong Kong was an internal matter and “has nothing to do with the mandate of the Security Council,” China’s U.N. Ambassador Zhang Jun posted on Twitter. The U.S. request coincides with rising tensions between Washington and Beijing over the coronavirus pandemic.


Washington has questioned China’s transparency about the outbreak, which first emerged in Wuhan, China late last year. China has said it was transparent about the virus. The U.S. said China’s opposition to a Security Council meeting on Hong Kong coupled with its “gross cover-up and mismanagement of the COVID-19 crisis, its constant violations of its international human rights commitments, and its unlawful behavior in the South China Sea, should make obvious to all that Beijing is not behaving as a responsible U.N. member state.” Zhang responded: “Facts prove again and again that the U.S. is the trouble maker of the world. It is the U.S. who has violated its commitments under the international law. China urges the U.S. to immediately stop its power politics and bullying practices.”

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In the beginning, things will move with caution. But that may not last very long as parties realize the scope of what is happening.

What To Expect Now US Deems Hong Kong No Longer ‘Autonomous’ (SCMP)

US President Donald Trump has to decide what actions to take after the State Department informed Congress on Wednesday that Hong Kong was no longer considered autonomous from China, an assessment that could threaten the city’s long-standing special trading status. “It’s a one-two action,” said David Stilwell, assistant secretary of the Bureau of East Asian and Pacific Affairs at the State Department on Wednesday evening. “One being the State Department making the assessment that Hong Kong no longer enjoys autonomy,” said Stilwell at a briefing to reporters, referring to US Secretary of State Mike Pompeo’s statement earlier in the day. “And then, [the second action will be] the determination by the White House as to how we’re going to respond,” Stilwell said.

The State Department did not specify how fast that decision may be. “A lot of” options are being considered, including personnel and sanctions “as determined in the United States – Hong Kong Policy Act of 1992 and in the Hong Kong Human Rights and Democracy Act [of 2019],” he said. Under the Hong Kong Human Rights and Democracy Act passed by the US Congress in November, the administration must decide every year whether governance of Hong Kong is suitably distinct from China, which is the prerequisite for the special status to continue. A revocation of Hong Kong’s special trading status with the US will put an end to the preferential economic and trade treatment the city has enjoyed and which has, at least partly, contributed to making it the financial and business hub in the region.

Some analysts and members of the business community, following the State Department’s assessment, have voiced concerns that a status change would inflict more pain on Hong Kong and its people than on Beijing. “Today’s action is best understood as another turn of the screw,” said Terry Haines, an independent political analyst and former Congressional staffer. “It is a strong signal of US government displeasure.” But, given that this is only the first step, and does not necessarily lead to US sanctions or other actions against Hong Kong, there is opportunity to lessen tension, he said. “Expect Congress to help Trump pressure China on Hong Kong autonomy, but not to force Trump’s hand or require sanctions or other actions,” he said.

In his statement earlier on Wednesday, Pompeo said “no reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground.” Pompeo’s assessment came a day before Beijing could pass the national security law tailor-made for Hong Kong. The move aimed to thwart Beijing’s plan to move forward with the passage of the legislation, which is considered a violation of the Sino-British Joint Declaration, the treaty that established the principle of “one country, two systems” and which stipulates the sovereign and administrative arrangement of Hong Kong after the 1997 handover.

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After being accused domestically of doing the opposite. Taiwan has always offered help.

Taiwan Will Help Relocate Fleeing Hongkongers – President Tsai (SCMP)

Taiwanese President Tsai Ing-wen has assured Hongkongers that her government would come up with special measures to help them relocate to the island, in an apparent effort to counter claims that she is giving up on Hong Kong. Tsai said her cabinet would form an ad hoc committee to work out a humanitarian action plan for Hong Kong people. Under the plan, the Mainland Affairs Council, the island’s top mainland policy planner, would establish concrete ways for the administration to help Hongkongers “live, relocate and work in Taiwan”, Tsai said. She said a special budget and resources would be set aside for the programme, which would launched as soon as possible to address the needs of Hongkongers wanting to move amid concerns about threats to freedoms posed by the introduction of a national security law.

After months of anti-government protests in Hong Kong, the National People’s Congress is expected to pass on Thursday a resolution to set up and improve legal and enforcement mechanisms for national security in Hong Kong, a move that has been widely condemned overseas and in the city. The decision to form the committee comes after Tsai came under attack for suggesting in a Facebook post on Sunday that she might consider invoking Article 60 of the Laws and Regulations Regarding Hong Kong and Macau Affairs by suspending the “application of all or part of the provisions of the act” if the NPC bypassed Hong Kong’s Legislative Council to approve the security law. That would mean an end to the preferential treatment given to people from Hong Kong and Macau, including to visit and invest in the self-ruled island.

Opposition lawmakers said the move would effectively suspend the city’s special status, essentially shutting the door to Hong Kong people doing business, studying or fleeing to Taiwan to avoid penalties for their protest actions in the city.
They criticised Tsai for trying to “dump” Hong Kong people after using them to win January’s presidential election. Tsai’s strong support for the mass protests in Hong Kong last year – triggered by a now-shelved extradition bill – helped her win a landslide in January’s presidential poll for which she secured a second four-year term. Tsai’s suggestion also attracted concerns from civic and human rights groups in Taiwan.

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More reason to bail out people, not companies.

Suddenly Everything is Too Big to Fail – John Rubino (USAW)

Everyone needs be looking past the Coronavirus crisis and at what governments are trying to do to counter the economic destruction and massive unemployment. Is the financial cure worse than the disease? Financial writer John Rubino says look at commercial real estate as an omen of what is to come. Rubino explains, “Sooner or later you’ve got to pay your bills, and if you don’t have anybody paying your bills to you, then you go bankrupt. Commercial real estate could just be a blood bath, which take us back to all the bailouts. You can’t let a big sector go bust in this world because suddenly everything is too big to fail. There is not a major sector out there that can be allowed to go bust. Not the airlines, not commercial real estate, certainly not the banks, you name it and it has to be bailed out. That’s where the really crazy stuff starts. When people figure out we are basically bailing out everybody from home owners to student loan holders, to car loan holders and right down the line, and then we get state and local governments with this gigantic multi-trillion dollar problem . . . and the amount of debt is off the charts to bail all of these guys out, that is when the real fun starts.”


How long will the bailouts go on? Rubino says, “We are heading into a Presidential election, which means we cannot let anything major fail. If you are the Trump Administration and Congress, you can’t let something big fail because it’s a crisis right before you need to get re-elected. So, you’ve got to bail people out. That’s what California, Illinois and Chicago, New York, Kentucky and all the bankrupt and badly run states have been hoping for all along. They have been hoping there would be a big crisis that would bail them out of their horrendous mismanagement of the past 20 or 30 years. There was no way that Illinois was not going to go bankrupt in normal times . . . or Chicago. . . . Now, they can go to the federal government and say we need a trillion dollars right now or we are going to lay off all the cops and all the teachers, and they think they have a pretty good chance of getting the bailout because the alternative is poison for the people running for office . . . . If you are the Trump Administration or Congress, I don’t see how you stop bailing people out before the election.”

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Not everyone in Australia wants a travel bubble, apparently.

Flightless Kiwi Economy To Land With A Thud (Austr.)

No national leader has been as feted as Jacinda Ardern during this pandemic. Young and progressive, New Zealand’s Prime Minister was popular before the crisis. Since she imposed the favoured pandemic solution of the left — a hard lockdown, shutting practically all business and no socialising with anyone outside your home — her star has only risen. “Laughing in the face of seismic shakes, she has calmly steered her country in the face of a massacre, an eruption and a pandemic,” The Guardian cooed on Tuesday. Steering it into an economic abyss, perhaps. New Zealand’s economy is in strife. Without major change, our constitutional cousin is in decline. Its public finances are in tatters, its biggest export, tourism, has been obliterated — Air New Zealand announced 4000 job losses this week — and New Zealand police now can enter people’s homes without a warrant.


“New Zealand is going backwards, falling behind the vast ≠majority of our OECD partners in virtually every social and economic measure that matters,” said Roger Douglas, a former New Zealand Labour treasurer and the famed architect of Rogernomics. New Zealand ranks fourth last in the OECD for labour productivity growth, and last for multi-factor productivity growth, according to economist Michael Reddell, based on OECD data. Health and education are gobbling up more of the budget as the population ages, with less and less to show for it.

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I think they fear other scenarios a lot more. Like the full exposure of Obamagate.

The General Election Scenario That Democrats Are Dreading (Pol.)

In early April, Jason Furman, a top economist in the Obama administration and now a professor at Harvard, was speaking via Zoom to a large bipartisan group of top officials from both parties. The economy had just been shut down, unemployment was spiking and some policymakers were predicting an era worse than the Great Depression. The economic carnage seemed likely to doom President Donald Trump’s chances at reelection. Furman, tapped to give the opening presentation, looked into his screen of poorly lit boxes of frightened wonks and made a startling claim. “We are about to see the best economic data we’ve seen in the history of this country,” he said.

[..] Furman’s case begins with the premise that the 2020 pandemic-triggered economic collapse is categorically different than the Great Depression or the Great Recession, which both had slow, grinding recoveries. Instead, he believes, the way to think about the current economic drop-off, at least in the first two phases, is more like what happens to a thriving economy during and after a natural disaster: a quick and steep decline in economic activity followed by a quick and steep rebound. The Covid-19 recession started with a sudden shuttering of many businesses, a nationwide decline in consumption and massive increase in unemployment. But starting around April 15, when economic reopening started to spread but the overall numbers still looked grim, Furman noticed some data that pointed to the kind of recovery that economists often see after a hurricane or industrywide catastrophe like the Gulf of Mexico oil spill.

Consumption and hiring started to tick up “in gross terms, not in net terms,” Furman said, describing the phenomenon as a “partial rebound.” The bounce back “can be very very fast, because people go back to their original job, they get called back from furlough, you put the lights back on in your business. Given how many people were furloughed and how many businesses were closed you can get a big jump out of that. It will look like a V.”

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How many consecutive investigations is that now?

AG Barr Launches New ‘Unmasking’ Investigation Around 2016 Election (CNN)

Attorney General William Barr has tasked a US attorney with reviewing instances of “unmasking” done around the 2016 election, adding the weight of a senior federal prosecutor behind an issue that President Donald Trump has seized on in recent weeks to underpin unfounded allegations about his predecessor. John Bash, the US attorney in San Antonio, will be handling the review in support of the ongoing criminal investigation being led by John Durham, a Connecticut prosecutor, according to a Justice Department spokeswoman. “Unmasking inherently isn’t wrong but certainly the frequency, the motivation and the reasoning behind unmasking can be problematic.

“When you’re looking at unmasking as part of a broader investigation, like John Durham’s investigation, looking specifically at who was unmasking whom can add a lot to our understanding about motivation and big picture events,” Kerri Kupec, the department spokeswoman, said in an interview with Fox News. Earlier this month, then-acting Director of National Intelligence Richard Grenell declassified a list of names of former Obama administration officials who allegedly had requested the “unmasking” of the identify of Trump’s first national security adviser, Michael Flynn. Senate Republicans later released the list, which named Obama administration officials who “may have received” Flynn’s identity in National Security Agency intelligence reports after requests to unmask Americans.

On Fox, Kupec said that Barr had “determined that certain aspects of unmasking needed to be reviewed separately as a support” to the Durham investigation. Bash will be looking “specifically at episodes both before and after the election,” Kupec said. Bash is the latest in a string of top prosecutors Barr has assigned to handle politically charged reviews. Durham, the longtime Connecticut prosecutor, was assigned to review the origins of the Russia investigation earlier this month. Jeff Jensen, the US attorney in St. Louis, had scrutinized the handling of the Flynn prosecution and recommended earlier this month that the Justice Department drop the charges. Barr has said that he has since tasked Jensen with examining other issues, but the department has not said what those issues are.

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Openly lying to a court.

Former Flynn Lawyers “Find” 6,800 Documents They Failed To Produce (Solomon)

The surprises keep coming in former National Security Adviser Michael Flynn’s legal battle to overturn his conviction in the Russia probe. Just days after the FBI belatedly produced possible evidence of innocence to Flynn’s new legal team led by Attorney Sidney Powell, his old law firm on Tuesday informed the judge it had located 6,800 documents that it failed to turn over as required by a court order in 2019. Covington & Burling LLP told the court its search team failed to search all of the law firm’s records and missed the documents, mostly emails. The documents were produced to Powell on Tuesday.


“Covington determined that an unintentional miscommunication involving the firm’s information technology personnel had led them, in some instances, to run search terms on subsets of emails … rather than on the broader sets of emails that should have been searched,” Flynn’s former attorney Robert Kelner told the court in a motion. “We now have performed another search, using search terms and manual reviews, on a broader universe of material to correct the earlier error and to transfer additional documents that are part of the client file,” Kelner wrote, saying his firm was willing to assist Powell on any other matters and to address any questions the judge may have about the oversight.

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Graham wants Flynn, Obama and Trump to participate, but he doesn’t seek their testimony.

Rosenstein First Witness In Senate Judiciary’s ‘Crossfire Hurricane’ Probe (JTN)

Former acting Attorney General Rod Rosenstein will be the first witness to testify in the Senate Judiciary Committee’s investigation into the FBI’s handling of its Russia collusion probe, the panel announced Wednesday. Rosenstein is set to testify the morning of June 3 before the committee led by Chairman Sen. Lindsey Graham. The South Carolina Republican called for a formal inquiry a few weeks ago, following the release of declassified information that showed officials in the FBI’s Crossfire Hurricane probe appeared to exceed authority, or at the very least break with protocol. Among the biggest revelations in the documents was that the FBI appeared to know that then-National Security Adviser Michael Flynn had not colluded with Russia during the 2016 presidential election to influence the race’s outcome, but still interviewed him and pressed him into a guilty plea.

Graham, who is seeking subpoena authority in the probe, has said the committee will look into the appointment of retired FBI chief Robert Mueller as special counsel in the investigation. Rosenstein appointed Mueller and set the parameters of his authority. Graham said after the release of the documents — which was followed by the Justice Department asking a federal court to dismiss its Flynn case — that he would also seek testimony from former FBI Director James Comey, former FBI Deputy Director Andrew McCabe, former Director of National Intelligence James Clapper, former CIA Director John Brennan and former Deputy Attorney General Sally Yates.

The first phase of the panel’s investigation “will deal with the government’s decision to dismiss” the case against Flynn, as well as “an in-depth analysis of the unmasking requests made by Obama Administration officials against Gen. Flynn,” Graham recently said. He has also invited Flynn, former President Obama and President Trump to participate.

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What the heck, let’s do some gossip.

New Book Claims Bill Clinton Had Affair With Ghislaine Maxwell (NYP)

Bill Clinton had an affair with British-born socialite Ghislaine Maxwell, who is accused of helping recruit underage victims for notorious pedophile Jeffrey Epstein, according to a blockbuster new book. The ex-president — who denies cheating on wife Hillary Clinton with Maxwell — reportedly engaged in the romps during overseas trips on Epstein’s private plane, a customized Boeing 727 that’s since become known as the “Lolita Express.” The nation’s 42nd head of state also repeatedly sneaked out to visit Maxwell at her Upper East Side townhouse, as detailed in this exclusive excerpt. Excerpt from “A Convenient Death: The Mysterious Demise of Jeffrey Epstein,” by Alana Goodman and Daniel Halper, out June 2:

“Clinton was allegedly carrying on an affair with at least one woman in Epstein’s orbit, but she was well over the age of consent. Ghislaine Maxwell, a constant presence at the ex- president’s side during these trips, was the primary reason Clinton let Epstein ferry him around the world. “[Bill] and Ghislaine were getting it on,” a source who witnessed the relationship said in an interview. “That’s why he was around Epstein—to be with her.” The source explained that reporters have been missing the point about the Clinton- Epstein relationship by focusing on Epstein’s sex crimes. “[Clinton’s] stupid but not an idiot,” the source says, dismissing the idea that the ex- president was sexually involved with children.

Clinton’s primary interest in Epstein was the woman he once dated and who allegedly helped procure her ex-boyfriend’s future victims. “You couldn’t hang out with her without being with him,” the source said of the Epstein-Clinton relationship. “Clinton just used him like everything else,” the source explains. In this case, Epstein was being used as an alibi while he hooked up with Maxwell.

[..] while attending the Clinton Global Initiative in New York City, at the end of an Indian summer, in September 2009, a process server walked through the packed lobby of the Sheraton Hotel…and served Ghislaine Maxwell papers for a deposition,” the journalist Conchita Sarnoff recalls. “Maxwell…was huddled in a small group talking to other guests” as the server approached her. He “called out her name and…with so many people surrounding her, Maxwell was unsuspecting. She confirmed her identity and he served her notice. The deposition was in relation to Epstein’s sexual abuse case. The server left at once,” Sarnoff writes in her book, TrafficKing.

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I’m old enough to remember that Black Lives Matter only became a going concern under America’s first black president.

Minneapolis Ablaze Amid Looting (ZH)

High unemployment, crashed economy, and now social unrest rears its ugly head as America descends into chaos ahead of the summer months. Across social media, pictures and videos coming from the streets of Minneapolis on Tuesday evening are absolutely stunning. Protests broke out following the death of George Floyd, a black man who died in police custody a day earlier. This reminds us of the 2014 Ferguson Riots and 2015 Baltimore Riots, in both incidents, the trigger for unrest was a young black man killed while in police custody. Unlike 2014/15, the economy has now plunged into a depression and tens of millions of people are unemployed, as some have to resort to food banks because they’ve fallen into instant poverty, which all suggests tensions are already running high as warmer weather entices people to step outside. With no work, why not riot?


Shown below, police fired rubber bullets, tear gas, and stun grenades at protesters. The initial demonstrations started peacefully than quickly got out of hand. Some hurled blunt objects at law enforcement while damaging police cars. The early hours of the protest were peaceful, hundreds, and maybe even more than a thousand people, were seen marching across 38th Street. Some carried signs that read “Justice for George Floyd,” “I can’t breathe,” and “Black Lives Matter.”

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