Feb 042023
 


Henri Matisse Olive trees at Collioure 1906

 

Building A New World Order Is Now An Existential Issue For Russia (Trenin)
US-China War By 2025: A Self-Fulfilling Prophecy? (Fomenko)
Pentagon Allows Ukraine To Fire Long-range Missiles At Will (RT)
Russia Responds To Latest US ‘Escalation’ (RT)
From Imperial Failures to Imperial Excuses (Batiushka)
UK MIlitary Could Run Out Of Ammo In Single Afternoon – Ex-commander (RT)
Serbia Names ‘Greatest’ Mistake By West (RT)
RAND Gets It, Sort Of (Helmholtz Smith)
The Arsenal of Democracy Isn’t (Schryver)
Sanctions On Russian Oil Not Working – Analysts (RT)
Lose-Lose (Jim Kunstler)
Republicans to Force Nancy Pelosi to Testify About Jan 6 (TP)
Musk Wins Lawsuit Over ‘Funding Secured’ Tweet (ZH)
Thai Princess Coma Mystery – World Expert Says It’s A Covid Jab Injury (DTNZ)
Biden Announces U.S. Surrender To Chinese Balloon (BBee)

 

 

 

 

OH SH*T, HERE WE GO (MacGregor)

 

 

 

 

What Becomes of NATO After The Loss In Ukraine

 

 

 

 

Trump Ukraine

 

 

 

 

“..a defeat – if it is hypothetically possible – could provoke a destabilization of the country, accompanied by the disintegration of Russian statehood.”

Building A New World Order Is Now An Existential Issue For Russia (Trenin)

Let us begin by assessing the current situation. One effect of the conflict has already been a fundamental change in the external environment in which Russia finds itself. Its political relations with the collective West, and its allies, have become openly hostile and the armed conflict in Ukraine is a proxy war by the West against Russia. Economic relations with this part of the world have been permanently undermined and are shrinking like Mars bars. Cultural, scientific, sporting and humanitarian ties have been severely curtailed, the information war has reached maximum intensity, and the Iron Curtain in Europe has been rebuilt – this time by the West. However, Russia is not completely isolated. It maintains and develops partnerships in many areas with the world’s new centers of power, and other countries in Asia, Africa and Latin America.

This part of the world community includes most of the world’s states, where the majority of the human population lives and where more than half of the global economy is concentrated. It can rightly be called a world majority with the clear understanding, of course, that this majority is not a bloc and that its members are not allies of Russia. They are guided primarily by national interests and are deeply integrated into the global economy and the Western-centric institutions that serve it, which significantly limits interaction with Moscow. The dramatic shift in the external cycle has led to profound changes within Russia. The old model of mainly exporting raw materials and importing technology no longer works. The political system, which was built on liberal American-French models and then adapted more or less successfully – in substance, not in form – to domestic traditions, is obviously in need of a profound overhaul.

The quasi-ideology of pragmatism and the cult of money, which dominated the country after the collapse of the USSR, proved to be flawed and harmful. In short, the end of the historical orientation towards integration with the Western world logically requires Russia to reorient itself. But what does this mean? To which “self”? Soviet, tsarist or otherwise? A prerequisite for Russia’s long-term strategy is victory in the ongoing conflict in Ukraine. The most important criterion for such a victory is a state that is guaranteed not to lead to a renewed war after some time. On the contrary, a defeat – if it is hypothetically possible – could provoke a destabilization of the country, accompanied by the disintegration of Russian statehood. The stakes for Russia in the current conflict are therefore existential and fundamentally higher than those of the US and its allies. This in itself is a factor working in Russia’s favor, but it certainly does not guarantee its success.

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“..It also sees the competition catching up, however, and is ready to use all means necessary, and to take massive risks, to prevent the rise of rival powers. ”

US-China War By 2025: A Self-Fulfilling Prophecy? (Fomenko)

American Four-Star General Mike Minihan, head of the US Air Force Air Mobility Command (AMC) believes the US and China will go to war by 2025. “I hope I am wrong. My gut tells me we will fight in 2025,” Minihan reportedly wrote in a memo to his officers, obtained by media outlets. The message instructs AMC personnel to train and get their affairs in order so that they are “legally ready and prepared.” This prediction is the most direct and blunt yet from an American official on the prospect of a potential conflict between the US and China, besides President Joe Biden’s indications that the US would intervene on the side of Taiwan if China invaded.

Of course, Minihan is not a policymaker, and the memo is not an official statement of US military policy towards China. But the influence of the US military and by extension, the military-industrial complex, on US foreign policymaking and on the mood in Washington in general, should not be underestimated. The reality is, especially as seen in Ukraine, that the risk of a major-power conflict is arguably at the highest it has ever been since the end of World War II or the height of the Cold War. That is because the US sees itself as a rightful and permanent global hegemon. It also sees the competition catching up, however, and is ready to use all means necessary, and to take massive risks, to prevent the rise of rival powers. As such, the US and China risk falling into the so-called, “Thucydides Trap,” which is described as “an apparent tendency towards war when an emerging power threatens to displace an existing great power as a regional or international hegemon”.

The current distribution of power in the world is described as “emerging multipolarity”. Following three decades of American unipolarity, when the US ruled unchallenged, a number of emerging powers are changing the international order. Multipolarity differs from “bipolarity,” where two powers compete for hegemony, the best known example being the US and the Soviet Union during the Cold War. While bipolarity brings a form of stability, as the military capabilities of both powers are evenly matched and the stakes of a potential conflict are extremely high, history shows multipolarity typically brings instability as it creates an insecure, unpredictable, and competitive international environment. The world of 1914, where a theatre of competing European powers scrambled for international dominance, ultimately combusted into the First World War. As competing world powers expanded their imperialist ambitions, they sought to contain others by forming alliances and starting arms races.

Sounds familiar? It should. Today’s world has some disturbing parallels. The US – an insecure hegemon whose relative power is diminishing as other world powers emerge – is desperately seeking to degrade, undermine and contain its rivals by triggering arms races and expanding alliance systems. Already, the focus on expanding NATO has provoked the conflict in Ukraine, but worse still, the Biden administration is actively seeking to expand that model to East Asia against China, in the form of blocs such as the Quad and AUKUS.

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“..Moscow will “push back” the Ukrainian troops to a range at which they will not be a threat.”

Pentagon Allows Ukraine To Fire Long-range Missiles At Will (RT)

It is up to the government in Kiev to decide how to use the new rockets for the US-supplied HIMARS launchers, the Pentagon said on Friday, confirming that the latest batch of munitions the American taxpayers are funding will include Ground Launched Small Diameter Bombs (GLSDB).The Boeing-manufactured munitions consist of a rocket motor mated with an airplane bomb, with an estimated range of up to 150 kilometers. While Friday’s announcement listed “additional ammunition” for the HIMARS and “precision-guided rockets,” Brigadier-General Patrick Ryder told reporters that this indeed included the GLSDB, confirming the information leaked to Reuters earlier this week. Ryder also confirmed that the US won’t stand in the way of Ukrainians using the missiles to strike deep inside Russia.

“When it comes to Ukrainian plans on operations, clearly that is their decision. They are in the lead for those,” he said on Friday. “So, I’m not going to talk about or speculate about potential future operations, but again, all along, we’ve been working with them to provide them with capabilities that will enable them to be effective on the battlefield.” The GLDSB are produced by Boeing in cooperation with Swedish Saab AB, and combine the GBU-39 small-diameter bomb with the M26 rocket motor. It was unclear how many of the munitions the Pentagon intended to send, or whether they would come from the US military stockpile or need to be freshly produced. Reuters claimed to have seen a Boeing document saying the first deliveries could be “as early as spring 2023.”

Meanwhile, Bloomberg cited unnamed officials who said the timeline could be as long as nine months, depending on when the US Air Force issues the contract. Bloomberg also reported the GLSDB order would account for $200 million of the $1.75 billion in the Ukraine Security Assistance Initiative funding, referring to contracts for weapons and ammunition not coming out of the Pentagon stockpile. Whenever the missiles actually arrive, Russia has already hinted at how it will respond. On Wednesday, President Vladimir Putin tasked the military with “eliminating any possibility” of Ukrainian artillery strikes on Russian territory. Foreign Minister Sergey Lavrov said in an interview on Thursday that Moscow will “push back” the Ukrainian troops to a range at which they will not be a threat. “The longer range the weapons supplied to the Kiev regime have, the further the troops will need to be moved,” Lavrov said.

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“the longer range the weapons supplied to the Kiev regime have, the further the troops will need to be moved.”

Russia Responds To Latest US ‘Escalation’ (RT)

The decision to supply Ukraine with longer-range missiles marks a “deliberate escalation” by the United States, Russia’s ambassador to Washington has said, warning that Moscow would not tolerate strikes on Russian cities. In a statement on Friday evening, Ambassador Anatoly Antonov commented on the latest round of US military aid approved for Ukraine earlier in the day, which is set to include Ground Launched Small Diameter Bombs (GLSDB) – munitions with an operational range of 93 miles (150 kilometers). “Washington sees no boundaries in seeking to inflict a strategic defeat on Russia. The transfer of increasingly powerful weapons to the Kiev regime is a deliberate escalation of the conflict by the United States,” he said, adding “Any attempt to harm the Russian Federation is doomed to failure. The sooner the United States realizes this, the sooner the current conflict will end.”

Though the Pentagon did not mention the GLSDB by name in announcing the weapons transfer, Brigadier-General Patrick Ryder later confirmed that it would be included in the next round of aid, also noting that US officials would not stop Kiev from using the missiles to strike inside Russia. Fired from the US-supplied HIMARS missile launcher, the GLSDB is among the longest-range weapons authorized for Kiev to date, and could theoretically reach targets deep within Russian territory. Antonov went on to say the United States is “de facto inciting its proteges to attack Russian regions,” arguing that Moscow makes no distinction between newer territories which voted to join the Russian Federation last year and other Russian lands.

“For us there is no difference when we talk about a possible attack by Kiev criminals on the Zaporozhye or Bryansk regions, the Crimea or the Smolensk region,” he continued. Though the new weapons could take up to nine months to reach the Ukrainian battlefield, Russia has already suggested how it might react, with President Vladimir Putin ordering the military to eliminate “any possibility” of Ukrainian strikes on Russian territory earlier this week. Foreign Minister Sergey Lavrov, meanwhile, said Russian forces would repel Ukrainian soldiers to a distance from which they would not pose a threat, declaring: “the longer range the weapons supplied to the Kiev regime have, the further the troops will need to be moved.”

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“..Only through such a crushing defeat for Western hubris can further crazy adventures, including nuclear ones, be avoided.”

From Imperial Failures to Imperial Excuses (Batiushka)

Western support for the Ukraine, the most corrupt country in Europe, has done nothing for America’s authority. It had already been undermined by war crimes, water-boarding, economic decline, a drugs epidemic, mass shootings, a trashed health system for 40 million in poverty and military debacles from Vietnam to Afghanistan. The ‘regime changes’, assassinations, electoral frauds, black propaganda (also called PR), massacres, torture in global black sites, proxy wars and military interventions carried out by the United States since 1945 have resulted in over 20 million dead and planetary revulsion for U.S. imperialism. ‘Yanks go home’. Blood lies on the US. Did they really expect to get away with this?

The conflict in the Ukraine is effectively World War III, or if you prefer, World War I, Part III. A proxy hot war between Washington and Moscow. Yes, the military phase is local, having started between Russia and the Ukraine in 2014. But the repercussions for Russia are enormous. They mark the end of a 300-year period when Russia was enamoured with the West. Now Western deceit means that Russians have lost their illusions and naivety for ever. Now Russia will fight on until the Armed Forces of Ukraine and all those who took up arms and have been fighting Russians for almost nine years are no longer a threat to anyone. The Kiev Army will be routed and Russia will return to its roots of over 300 years ago.

However, the political and economic repercussions for the Western world, held on a tight leash by its feudal US owner, are even more enormous: the end of the rule of the dollar. True, there are those who predict a second military phase between Iran and the US colony of Israel. And a third could be between China and the US, the pretext being the Chinese Ukraine, Taiwan. But nothing is certain. After the coming Russian victory in the Ukraine, all could still be averted, for that victory will be sobering for the Western world. This indeed is the last hope, that defeat here will at last bring the Western world back to its senses and reality. Only through such a crushing defeat for Western hubris can further crazy adventures, including nuclear ones, be avoided.

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“..British armed forces “are smaller and less ready to fight than at any time in living memory.”

UK MIlitary Could Run Out Of Ammo In Single Afternoon – Ex-commander (RT)

The UK could deplete its ammunition stocks in mere hours should it be drawn into large-scale fighting, a former British general warned on Thursday. This and other issues make the UK military unfit to be regarded as a “top tier” NATO member, he said. Retired General Richard Barrons, who formerly headed the UK’s Joint Forces Command, sounded the alarm in an op-ed published by The Sun in which he said the fighting force has been “hollowed out by spending cuts.” Barrons claimed that the British armed forces “are smaller and less ready to fight than at any time in living memory.” He also warned that the UK Army is on course to slip below 76,000 troops. However, even these service members often do not receive inadequate training, Barrons noted.

British tanks, armored vehicles, and artillery pieces mostly date to the previous century, while “years of cuts to ammunition production mean that, for some types of key weapons, the army would run out in a busy afternoon,” the general said. Barrons added that the Royal Navy and Air Force are “in better shape” and boast some “outstanding modern equipment,” but cautioned that without experienced personnel, ammunition, and spare parts they might turn out to be just a “glittering shop window” without much to show for it on the actual battlefield. The former commander said the UK should focus on Europe, arguing that the “tilt to Asia can wait.” He urged London to invest in modern capabilities, including drones, missiles, and cyber and electronic warfare capabilities.

Britain should also double its reserves to 60,000 troops, he said. Regarding Russia, Barrons estimated that to be able to handle a “surprise attack,” the British Army will need to spend “£3 billion ($3.67 billion) this year, and every year for the next ten years.” British Defence Secretary Ben Wallace admitted in the House of Commons on Monday that the military has been “hollowed out and underfunded.” His comments followed a Sky News report alleging that a top US general had told Wallace that British forces are “barely tier two” in terms of fighting capabilities.

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“..the West’s “biggest” political mistake because it effectively manages to “unite the Russians like never before.”

Serbia Names ‘Greatest’ Mistake By West (RT)

The West’s recent announcement that it would be supplying Ukraine with main battle tanks marks a major miscalculation, Serbian president Aleksandar Vucic said on Friday. That’s as Moscow has threatened to burn any Western equipment that enters Ukraine and has vowed to retaliate “far beyond the scope of armored vehicles.” Vucic noted that the decision to supply Ukraine with tanks, especially with the “terrifying” German Leopard 2s, is the West’s “biggest” political mistake because it effectively manages to “unite the Russians like never before.” Last month, Germany and the US agreed to provide a number of heavy tanks to Kiev. Washington has promised between 30 and 50 of its M1 Abrams tanks, while Berlin pledged 14 Leopard 2A6s from the Bunderswehr’s own stocks.

An additional 51 of the same model and 88 of the older Leopard 1 model may also come from Rheinmetall as they get refurbished, Germany said. Berlin also gave the green light to countries that have expressed a desire to export their own Leopards to Ukraine. Those include Poland, Finland, Spain, Norway and the Netherlands. The UK and Canada have also said they would be sending their heavy equipment to Kiev. The decision has been heavily criticized by Russia, which has called it an “extremely dangerous” move that threatens to escalate the conflict in Ukraine. On Thursday, Russian President Vladimir Putin likened the new threat of “German Leopard tanks with crosses on their hulls” to the Soviet Union’s struggle against Hitler’s forces and warned that Moscow’s response would not be limited to weapons.

Other countries have also voiced their concerns about the West’s move. Turkish President Recep Tayyip Erdogan said that the delivery of NATO tanks to Ukraine was a “high-risk endeavor” that would fail to help end the conflict and only “line the pockets of gun barons.” Hungarian Prime Minister Viktor Orban also slammed Germany’s decision, noting that these Western countries are “drifting” towards becoming active participants in the conflict. Orban has insisted that instead of arming Kiev, the West should be pursuing “a ceasefire and peace talks” in Ukraine. Moscow has repeatedly objected to Western weapon deliveries to Ukraine, arguing that non-stop arms shipments only serve to prolong the conflict and risk direct confrontation with NATO. The Kremlin has also insisted that no amount of military aid will prevent Moscow from reaching its objectives and warned that the tanks would “burn like the rest of Western weapons” supplied to Kiev.

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“morally repugnant Russian invasion”, “international community”, “illegitimate and illegal”, “aggression”, “humanitarian reasons”, “international norms.”

RAND Gets It, Sort Of (Helmholtz Smith)

A few years ago RAND put out a report Overextending and Unbalancing Russia. “This brief summarizes a report that comprehensively examines nonviolent, cost-imposing options that the United States and its allies could pursue across economic, political, and military areas to stress—overextend and unbalance— Russia’s economy and armed forces and the regime’s political standing at home and abroad.” One of the things recommended was exploiting Russia’s “greatest point of external vulnerability” by “providing lethal aid to Ukraine.” (Only someone as paranoid as Putin, of course, could see any hostility in this). Well, they did it and it’s time for a new RAND report – Avoiding a Long War.

To save you the bother of reading this trivial effort, I will summarize – they start with the usual posturing – “morally repugnant Russian invasion”, “international community”, “illegitimate and illegal”, “aggression”, “humanitarian reasons”, “international norms.” Then on to how Russia is losing – “Russia’s conventional capabilities have been decimated in Ukraine”, “the weakened state of Russia’s conventional military”, “It will take years, perhaps even decades, for the Russian military and economy to recover from the damage already incurred.” But, as you wade on, you begin to suspect that the authors aren’t as triumphant after all – perhaps victory is not quite so close “given the slowing pace of Ukraine’s counteroffensives in December 2022, restoring the pre-February 2022 line of control—let alone the pre-2014 territorial status quo—will take months and perhaps years to achieve” or even so certain “Continued conflict also leaves open the possibility that Russia will reverse Ukrainian battlefield gains made in fall 2022.”

The authors spend some space explaining why a long war is not to America’s advantage. So, RAND, they followed your advice but things aren’t going very well. Time to try and get out of it. “Since avoiding a long war is the highest priority after minimizing escalation risks, the United States should take steps that make an end to the conflict over the medium term more likely.”

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“..the US armaments industry is effectively a modestly scaled high-end boutique..”

The Arsenal of Democracy Isn’t (Schryver)

You see, for all its massive plunder of the public purse, the US armaments industry is effectively a modestly scaled high-end boutique. And there is simply no way this domestic US industry can expeditiously expand its production. It would literally take years – probably a full decade – for the US to expand its military production to a seriously potent industrial scale. For one, the labor pool for these industries is extremely finite and highly specialized. In the overwhelmingly financialized and service-oriented US economy, there is a shocking dearth of technical expertise of ALL kinds. It’s not simply a boomer cliché that “kids these days are innocent of almost any mechanical know-how”. If the US wants to staff new armaments factories any time soon, it will have to import the skilled labor from Russia, China, Iran, and North Korea.

Beyond that, the permitting of new factories, with the attendant bureaucratic delays, public hearings, environmental impact studies, and various special interest road-blocking … well, everyone knows how these things work now in America. It took five years to build the Hoover Dam in the early 20th century. It would take FIFTY here in the early 21st century – if it could be built at all. Those clamoring for the US to intervene in the Ukraine war in order to “teach those filthy Russians a lesson they’ll never forget” simply have no conception of the catastrophe that would ensue were their dreams to be fulfilled. If the Pentagon consented to such an undertaking, it could probably amass no more than 250,000 combat-capable troops in the theater, and to do so would entail the evacuation of virtually every major US military base on the planet (and most of the minor ones).

It could probably assemble an additional quarter million troops from the active reserves and National Guard units in the United States. That said, it is empirically impossible that 500,000 combat troops could be satisfactorily equipped for high-intensity conflict such as would be the scenario in a war between the US and Russia in eastern Europe. And even if they could be assembled and equipped, it would be an insufficient force to face over a million Russian troops, close to a third of which are already “battle-hardened” from almost a year of high-intensity combat in Ukraine. In anticipation of the casualties attendant to great power warfare, it would become necessary for the United States to reinstitute conscription almost immediately. If a strong anti-war movement had not already been incited by its previous actions, conscription in America would almost certainly induce a widespread political upheaval, with large and aggressive public protests cropping up in all the major cities of the nation.

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“oil friendships are greasy”

Sanctions On Russian Oil Not Working – Analysts (RT)

Sanctions imposed by the West on Russian crude oil exports have so far “failed completely,” and new price caps could also prove ineffective, according to a CNBC report on Friday, citing analysts. The conclusions come as the European Union plans to ban imports of Russian refined petroleum products, including diesel and jet fuel, from February 5. The bloc had already prohibited imports of seaborne crude oil from Moscow in December. The EU, G7 countries, and Australia have also set a $60-per-barrel price cap, which blocks Western companies from providing insurance and other services to shippers of Russian oil unless the cargo is purchased at or below the set price. The price cap “was invented by bureaucrats with finance degrees. None of them really understand oil markets,” Paul Sankey, president and lead analyst at Sankey Research, told CNBC.

“It’s been a total bomb; it has failed completely,” he stressed. According to Sankey, Russian oil supplies have not been significantly interrupted and “they’ve sustained exports at high levels.” “I heard it from a great source that the Saudis have been asking around as to how come Russian oil is still flowing,” he said. “That brings the question of what will happen with the sanctions coming up on products, because it just doesn’t seem to work.” The founder of analytics firm Vanda Insights, Vandana Hari, also told the US broadcaster she was skeptical about the upcoming restrictions on Russian refined oil products, noting that “the crude price cap was pretty inconsequential.” “I think the refined product caps that they’re planning – about a $100 [per barrel] for diesel and clean products and perhaps around $45 for dirty fuels like fuel oil – are probably going to be immaterial as well,” the analyst explained.

According to Hari, Russian oil will find its way into the markets that are “still welcoming it” such as China and India. “China and India have benefited quite a big deal last year from heavily discounted Russian crude prices and the same’s going to happen to Russian refined products,” Hari predicted, adding that it could be more complicated for Moscow to find markets for such products. Paul Sankey also noted that “oil friendships are greasy” and there’s a lot of different ways to move Russian oil around the world, bypassing the price caps. Meanwhile, the EU has been struggling to agree on the price cap for Russian oil products, with some members reportedly claiming the proposed level is too generous for Moscow, and seeking a lower ceiling. The measures are expected to come into effect on February 5 after gaining the approval of all 27 EU member states.

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“..The USA has tossed its national identity on the garbage barge of “diversity, equity, and inclusion..”

Lose-Lose (Jim Kunstler)

For those of you not paying attention the past thirty-odd years, Russia, incorporated as the Soviet Union, collapsed in 1991. The USSR was a bold experiment based on the peculiar and novel ill-effects of industrialism, especially gross economic inequality. Alas, the putative remedy for that, advanced by Karl Marx, was a despotic system of pretending that individual humans had no personal aspirations of their own. That business model could be reduced to the comic aphorism: We pretend to work and they pretend to pay us. It failed and the USSR gurgled down history’s drain. Russia reemerged from the dust, minus many of its Eurasian outlands. Remarkably little blood was shed in the process. Mr. Orlov’s book points to some very interesting set-ups that softened the landing. There was no private property in the USSR, so when it collapsed, nobody was evicted or foreclosed from where they lived.

Very few people had cars in the USSR, so the city centers were still intact and people could get around on buses, trams, and trains. The food system had been botched for decades by low-incentive collectivism, but the Russian people were used to planting gardens — even city dwellers, who had plots out-of-town — and it tided them over during the years of hardship before the country managed to reorganize. Compare that to America’s prospects. In an economic crisis, Americans will have their homes foreclosed out from under them, or will be subject to eviction from rentals. The USA has been tragically built-out on a suburban sprawl template that will be useless without cars and with little public transport. Cars, of course, are subject to repossession for non-payment of contracted loans. The American food system is based on manufactured microwavable cheese snacks, chicken nuggets, and frozen pizzas produced by giant companies.

These items can’t be grown in home gardens. Many Americans don’t know the first thing about growing their own food, or what to do with it after it’s harvested. There’s another difference between the fall of the USSR and the collapse underway in the USA. Underneath all the economic perversities of Soviet life, Russia still had a national identity and a coherent culture. The USA has tossed its national identity on the garbage barge of “diversity, equity, and inclusion,” which is actually just a hustle aimed at extracting what remains from the diminishing stock of productive activity and giving the plunder to a mob of “intersectional” complainers — e.g. the City of San Francisco’s preposterous new plan to award $5-million “reparation” payments to African-American denizens of the city, where slavery never existed.

As for culture, consider that the two biggest cultural producers in this land are the pornography and video game industries. The drug business might be a close third, but most of that action is off-the-books, so it’s hard to tell. So much for the so-called “arts.” Our political culture verges on totally degenerate, but that is too self-evident to belabor, and the generalized management failures of our polity are a big part of what’s bringing us down — most particularly the failure to hold anyone in power accountable for their blunders and turpitudes. This might change, at least a little bit, as the oppositional House of Representatives commences hearings on an array of disturbing matters. Meanwhile, be wary of claims in The New York Times and other propaganda organs that our Ukraine project is a coming up a big win, and that the racketeering operations of the Biden family are a right-wing conspiracy theory. These two pieces of the conundrum known as reality are blowing up in our country’s face. It will be hard not to notice.

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“… Nancy, we’ll get you, and we’ll fly you back from Italy once you’re the ambassador.”

Republicans to Force Nancy Pelosi to Testify About Jan 6 (TP)

As the Biden Documents Scandal continues to build and the Chinese spy balloon over Montana dominates the headlines, some Republicans are still focused on holding Nancy Pelosi to account for the failures of security at the US Capitol on January 6th, failures to which they claim she is connected. One such Republican is Rep. Jim Jordan (R-OH), who said: “The reason there wasn’t a proper security presence on that day goes right to the speaker’s staff and the speaker’s office. As you go back and look at the communications, there’s this pattern that develops where the Sergeant of Arms is meeting with Pelosi’s staff. Many of those meetings, Republican staff wasn’t allowed to be there, but they had this pattern where everything had to run through her office, her staff, before the Sergeant of Arms could make a decision.”

Joining Rep. Jim Jordan was Rep. Troy Nehls, who said “And Nancy Pelosi. You do have questions you need to answer … Nancy, we’ll get you, and we’ll fly you back from Italy once you’re the ambassador.” The statements from Jordan and Nehls follow a late-December of 2022 report released by Republicans that blamed Pelosi for the security failures at the Capitol on that day, faulting her for creating “political pressures” that led to lackluster security and inadequate preparations. The New York Post, reporting on that report, said: “Leadership and law enforcement failures within the U.S. Capitol left the complex vulnerable on January 6, 2021,” says the report, which is based on a trove of texts and email messages, and testimony from Capitol Police leaders and rank-and-file officers.

House Sergeant at Arms Paul Irving, who answered to Pelosi as one of three voting members of the Capitol Police Board, “succumbed to political pressures from the Office of Speaker Pelosi and House Democrat leadership,” was “compromised by politics and did not adequately prepare for violence at the Capitol.” Pelosi and her staff “coordinated closely” with Irving on security plans for the Joint Session of Congress on Jan. 6, but Republicans were deliberately left out of “important discussions related to security.” And, in an apparent attempt to hide from Republicans the fact that they were being excluded from discussions, Irving asked a senior Democratic staffer to “act surprised” when he sent “key information about plans for the Joint Session on Jan. 6, 2021, to him and his Republican counterpart.”

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“..Musk testified that the “funding secured” tweet was “absolutely truthful..”

Musk Wins Lawsuit Over ‘Funding Secured’ Tweet (ZH)

Having previously noted the absurdity of the trial, Elon Musk has defeated a shareholder lawsuit alleging that tweets claiming he had the “funding secured” to take Tesla private cost investors billions of dollars in losses. As The Wall Street Journal reports, the nine-person San Francisco-based jury said the investors who brought the class-action case failed to prove that Mr. Musk hurt them by tweeting about a possible deal. “The jury got it right,” Alex Spiro, a lawyer for Musk, said after the verdict. Musk testified that the “funding secured” tweet was “absolutely truthful,” touting what he described as an “unequivocal” commitment by Saudi Arabia even though he had nothing in writing. As Bloomberg reports, Musk gave jurors other reasons to believe him.

He said he felt compelled to reveal that he was considering taking Tesla private because earlier that day, the Financial Times reported that Saudi Arabia was building a sizable stake in Tesla. He testified he was afraid his going-private plans might also be leaked, and that he wanted to put all Tesla investors on equal-footing by broadcasting his plans on Twitter. Musk also said that if required, he could’ve divested his ownership stake in his closely held rocket-ship company, SpaceX, to fund the transaction. This case is unusual for having gone to trial. From 1997 to 2001, less than 0.2% of federal securities class-action cases, excluding those involving mergers or acquisitions, were tried to a verdict, according to Cornerstone Research.

Musk, who had taken the stand as a witness in the case, was present in court during closing arguments. As The FT reports, the “funding secured” tweet has already proven costly for Musk. He and Tesla each paid $20mn to settle legal action from the Securities and Exchange Commission. Musk also had to resign as the carmaker’s chair, although he kept his position as chief executive. However, Musk has criticized the SEC in the years since, saying he felt pressured to settle and suggesting that doing so made him appear guilty. This case, he said in a deposition, was an opportunity to “clear the record.” And now he has!

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“.. Pfizer BioNTech is going to have to pay back those billions to Thailand, with which Thailand will recompensate those peoples that have lost their existence…”

Thai Princess Coma Mystery – World Expert Says It’s A Covid Jab Injury (DTNZ)

44 year old Princess Bajrakitiyabha of Thailand collapsed while out walking her dogs on 14 december last year. According to sources she had not felt well after receiving her 3rd booster. After her collapse she lost consciousness and remains in a coma. According to a report in The Independent, she is ‘on medical equipment supporting her heart, lungs and kidneys.’ Princess Bajrakitiyabha is the eldest child of current King Rama X. The law graduate is a senior diplomat in the Thai government. The Thai palace confirmed she had suffered a ‘heart issue’. But the explanation given by the authorities and a local university that it was caused by a bacterial infection has been called ‘ridiculous’ by medical expert Professor Sucharit Bhakdi.

Thai-born Bhakdi, a former professor of microbiology at the University of Mainz in Germany had a celebrated career in medical science as a world expert on the immune system and arterial disease, until mainstream narratives and ‘fact checkers’ labelled him a ‘conspiracy theorist’ for his strong opposition to the COVID ‘vaccines’. According to Bhakdi, who claims he and his contacts have been in direct contact with the Thai Royal Family over the matter, the princess’ collapse was an adverse reaction to the COVID jab. She was previously healthy with no known medical conditions. Speaking on the ‘neutralswiss‘ Rumble channel yesterday, Bhakdi said:

“This whole COVID-19 agenda is a fake… And I was able to lay out for them the proof that the COVID vaccinations were based on fraud… The EMA declared that safety pharmacological studies were never performed – never. And they were never deemed necessary. So now we have it. So, when I told the Thais this, you know guys, they jumped up. They jumped up in the room. And so they said to me ‘we will see to it that Thailand is the first country in the world that is going to declare this contract null… Which means that Pfizer BioNTech is going to have to pay back those billions to Thailand, with which Thailand will recompensate those peoples that have lost their existence…”

“‘One daughter of the present king Rama X collapsed and is in a coma… within 23 days after the third shot, 44 years old, never been seriously ill, collapsed and is now in a coma. The diagnosis that was given by the authorities and by the university is so ridiculous – she’s supposed to have a bacterial infection that will never do what she suffered from. And so we are determined, and the activists in Thailand who have been on this many many months now – great guys, also a professor from the University of Bangkok, he’s gotten in touch with the Royal Family, and we are sending information to the Royal Family to alert them to the fact that in all probability the princess is suffering as a victim of this jab, as so many people around the world have been suffering.’

Read more …

Whenever a story this crazy comes along, we suspect something’s hiding behind it.

Biden Announces U.S. Surrender To Chinese Balloon (BBee)

In a surprise statement to the world from the White House Situation Room, President Biden has announced America’s unconditional surrender to the Chinese Spy Balloon. “Listen, folks, it’s over,” said Biden as a single tear ran down his face. “We’re outgunned here. There’s no hope that we can match the awesome power of this giant balloon.” Biden’s voice was drowned out by the dozens of weeping journalists gathered outside the room. “I urge you all to hug your loved ones and embrace your children, for the end is near. God help us all,” Biden finally said before signing off for the last time. At publishing time, Americans had been urged by the administration to start learning Mandarin.

Read more …

 

 

 

 

 

Sika deer
https://twitter.com/i/status/1621524781127573509

 

 

Water is life
https://twitter.com/i/status/1621438461151526912

 

 

Gallop croc
https://twitter.com/i/status/1621580255835181064

 

 

Dog doc
https://twitter.com/i/status/1621730772670349313

 

 

 

 

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Jan 102020
 
 January 10, 2020  Posted by at 10:23 am Finance Tagged with: , , , , , , , , , , , ,  15 Responses »


Jack Delano Main street intersection, Norwich, Connecticut 1940

 

Iran Invites US To Join Probe Of Ukrainian Jet Disaster (R.)
Missile System Suspected Of Bringing Down Airliner – Short Range, Fast And Deadly (R.)
Trump’s Iran De-Escalation Succeeds (Flores)
Tulsi Gabbard: ‘Iran Is Closer Now To A Nuclear Weapon Than Ever Before’ (NW)
Iran Could Have Nuclear Weapon Within One To Two Years: French Minister (R.)
Matt Gaetz Voted With Democrats On War Powers Resolution (SAC)
Democrats To Press For Impeachment Witnesses Throughout Trial (R.)
The Justice Department Is Devoid of Justice (PCR)
Internal Boeing Messages Raise Serious Questions About 737 MAX (R.)
Boeing Emails Show Workers Mocking FAA, Ridiculing 737 MAX Safety (MW)
White House Unveils Plan To Speed Big Projects Permits (R.)
China To Become First To Realize UN Goal Of ‘No Poverty’ (CD)

 

 

There are still far too many people out there with opinions derived from confirmation bias. Please stop it, open your minds. Whether it’s Soleimani or this downed jet, it’s fine if you need some time to figure things out. WWIII? Attacking Iran? These things would cost Trump the presidency. And he knows it.

Meanwhile, why are the US and Canada falling over themselves to declare the shooting down of the 737-800NG (if that’s even what happened) “unintentional” and “accidental”? That brings back memories of MH17. Where the opposite happened.

And why did Iran go from refusing to hand over black boxes, to inviting the US and others in, within 24 hours? Detente?

 

Iran Invites US To Join Probe Of Ukrainian Jet Disaster (R.)

The U.S. National Transportation Safety Board (NTSB) has accepted an invitation from Iran to take part in its investigation into the crash of a Ukrainian airplane in Tehran, the agency confirmed late on Thursday. The NTSB said in a statement its Response Operations Center had received formal notification from Iran of Wednesday’s crash of the Boeing 737-800 that killed all 176 on board. “The NTSB has designated an accredited representative to the investigation of the crash,” the agency said. The NTSB confirmed it would take part in the probe after an Iranian official told Reuters of the agreement. “The NTSB has replied to our chief investigator and has announced an accredited representative,” Farhad Parvaresh, Iran’s representative at the International Civil Aviation Organization, part of the United Nations, told Reuters.

A person briefed on the matter said it was unclear what if anything its representative would be able to do under U.S. sanctions. NTSB said in its statement it “continues to monitor the situation surrounding the crash and evaluate its level of participation in the investigation.” The United States is allowed to take part under global rules since the Boeing 737-800NG jet was designed and built there. Canada, which had dozens of passengers onboard, has also assigned an expert, while a team from Ukraine held discussions in Tehran on Thursday, Parvaresh said in a telephone interview. Iran is ready to provide consular facilities and visas for accredited investigators, he added.

Sweden and Afghanistan, which had some passengers on board, have also been notified. France may also be involved as it was one of the countries where the engines were made, Parvaresh said. He denied U.S. and Canadian claims that the jet had been shot down accidentally and said Iran was committed to a full and transparent investigation for the accident, adding it was too early to speculate on the cause. “As Iranians we feel this tragedy and disaster for us and for the families,” Parvaresh said, expressing condolences to the relatives of the people who died. Canadian Prime Minister Justin Trudeau said earlier the jet was probably brought down by an accidental Iranian missile strike, citing intelligence from Canadian and other sources.

The U.S. government believes Iran shot down the plane by mistake, three U.S. officials told Reuters. The Ukraine International Airlines flight to Kiev from Tehran crashed hours after Iran fired ballistic missiles at two U.S. military bases in Iraq. Parvaresh said expert testimony indicated that the aircraft could not have been hit by a missile and that it was important to keep the crash investigation non-political. “I think we should keep this purely technical and not confuse it with political tensions in the region. We should leave it to experts to investigate and make their report.”

Read more …

And Russian.

Missile System Suspected Of Bringing Down Airliner – Short Range, Fast And Deadly (R.)

Canada said on Thursday that a surface-to-air missile brought down a Ukrainian airliner in Tehran, while the Ukrainian government said it was investigating reports of debris from a Russian-made Tor-M1 missile. The Tor, also called the SA-15 Gauntlet by NATO, is a short-range “point defense” system that integrates the missile launcher and radar into a single tracked vehicle. It is designed to be mobile and lethal against targets at altitudes up to 6,000 meters (20,000 feet) and at ranges of 12 km (7.5 miles), according to the Federation of American Scientists, which researches and analyses “catastrophic threats to national and international security”.

Military aircraft and cruise missiles – which the Tor system is designed to destroy – typically plot their courses to avoid being spotted on radar. They are equipped with systems such as chaff, which confuses radar, and flares, which act as decoys for heat-seeking missiles. The jet that crashed on Wednesday, Ukraine International Airlines Flight 752, a Boeing 737-800, would have filed a flight plan and had no defensive features. It was unlikely the flight crew had time to react to any missile, said Michael Duitsman, a research associate at the Middlebury Institute of International Studies. “They probably wouldn’t have even seen it coming,” Duitsman said. “Right after takeoff, the pilots were probably preoccupied with other things.”

To attack a target, the Tor operator must identify it on the radar screen and direct the missile to launch. There were several other civilian aircraft nearby when Flight 752 crashed just a few kilometers from the airport. All of those aircraft would have been visible on the radar screen of the Tor battery as well as civilian radar at the airport. [..] Tor missiles are guided by radar and fly at almost three times the speed of sound. That means that if launched at a target 5 km (3 miles) away, they will arrive within about five seconds. They have a small warhead – about 15 kg (33 lb) of high explosive – but are designed to spray fragments of shredded metal, like bullets, into a target upon detonation.

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Most intriguing piece of the day. Do read it from A to Z. Was Trump tricked into killing Soleimani? Just so anti-war voters would move away from him?

Trump’s Iran De-Escalation Succeeds (Flores)

Impeachment against Trump has now been used several times to push him to act aggressively in the middle-east, contrary to his policy and self-interest. On all the ‘impeachment threat – then strike’ occasions, Trump ordered strikes on predictable targets – targets so predictable and oddly executed, that Syrian and Iranian forces barely felt them. There appears to be at the very least an ‘unspoken communication’ at play, where strikes are made to assuage political needs but not to inflict serious damage. If Trump really wanted an excuse to strike Iran, he’s had it before.

There was precisely such an opportunity when subversives in government hatched a plan to push Trump into a war with Iran, when two planes were sent to violate Iranian airspace – one manned, the other unmanned – flying in close proximity. This created the chance that Iran’s downing of either plane could be used as a pretext for a major war-creating strike on Iran.

Despite Trump’s acting reasonably, government actors and media attempted to create a sensation where Trump was ridiculed for ‘calling off’ a planned retaliation in the aftermath of the downed drone. The same liberal media and Democratic Party establishment that attacked Trump’s de-escalation then from a hawkish perspective, today manifest as doves who suddenly oppose Trump’s reckless hawkishness. Here, in the aftermath of the drone incident, a Trump policy was formulated – and it’s a policy that figures prominently in de-escalation in the aftermath of the assassination of Soleimani and Iran’s measured response. The policy is this – if Iran kills Americans, then the U.S escalates. If the U.S does something provocative, then Iran is actually allowed to respond militarily, so long as American personnel are not killed.

[..] A war with Iran would push the anti-war sentiments of independent voters away from Trump, and towards a more revitalized and mobilized Democrat Party anti-war base. Trump needs an anti-war base to be re-elected, and war with Iran pushes that base towards nearly any Democrat candidate. At the same time, Trump also needs the continued support from America’s Christian Zionist evangelical ‘Israel Firsters’, as well as the infamous AIPAC, not only to be re-elected, but to maintain the support in the senate against impeachment. That conflict between Trump’s two greatest populist strengths – between Trump’s anti-war base and his Christian Zionist base – largely defines his weakest political spot. That’s why it’s the best place to attack him.

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Easy, Tulsi!

Scott Ritter on Twitter: “I’m a huge @TulsiGabbard fan, but she is treading on dangerous ground. The implication here is that Iran has nuclear weapons ambition. If you buy into this fallacy, you empower those who will use this as a justification for war.”

Tulsi Gabbard: ‘Iran Is Closer Now To A Nuclear Weapon Than Ever Before’ (NW)

Democratic presidential candidate Tulsi Gabbard blasted President Donald Trump’s actions toward Iran, claiming that his decisions has brought the Persian Gulf nation closer “than ever before” to obtaining a nuclear weapon. “Trump’s war with Iran is undermining our national security and putting all Americans in greater danger,” Gabbard, a Hawaii congresswoman and Iraq War veteran, warned in a Thursday tweet, sharing a clip of herself discussing recent tensions with Iran on CNN. “Iran is closer now to a nuclear weapon than ever before. And it’s opening the door to resurgence of ISIS/Al-Qaeda,” she claimed.

Iran is believed to be closer today to possessing a nuclear weapon than it has been under the restrictions of the 2015 Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran nuclear deal, which Trump withdrew from in May 2018. Still, it appears to be an exaggeration to say the country is closer than “ever before” to obtaining such a weapon. The JCPOA successfully reduced Iran’s uranium enrichment program, with U.S. intelligence leaders saying last year it would take the Islamic Republic at “about one year” to create a nuclear weapon. Before that agreement, Iran was believed to be within two to three months of creating highly enriched uranium that could be used in a weapon, according to a July 2018 report by the Congressional Research Service.

[..] Aniseh Bassiri Tabrizi, a research fellow at the Royal United Services Institute, a London-based security think tank, told CBS News that Iran could now develop a nuclear weapon within six months. She noted, however, that Iran has still expressed support for the JCPOA but plans to no longer abide by its obligations under the deal. Iran “is still allowing the verification by [International Atomic Energy Agency] inspectors,” she told CBS.

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Sometimes you might just get the idea that NATO wants nothing more than for Iran to develop nukes.

Iran Could Have Nuclear Weapon Within One To Two Years: French Minister (R.)

Iran could have nuclear weapons in one to two years if the country carries on violating the 2015 nuclear accord, French Foreign Minister Jean-Yves Le Drian said on Friday. “If they continue with unravelling the Vienna agreement, then yes, within a fairly short period of time, between one and two years, they could have access to a nuclear weapon, which is not an option”, Le Drian said on RTL radio. EU foreign ministers will hold an emergency meeting on Friday to seek ways to guide the United States and Iran away from confrontation, knowing that a miscalculation on either side could leave the bloc facing a war and a serious nuclear proliferation crisis on its doorstep.

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It’s toothless anyway.

Matt Gaetz Voted With Democrats On War Powers Resolution (SAC)

“I spoke to the president today,” Rep. Matt Gaetz, (R-FL) said on “Tucker Carlson Tonight.” “The president told me he is more antiwar than I am, and I love the president for that. The thing is, I think a few of the advisers of the president are trying to slow-walk the administration into war. When the president relies on his instincts and we have the Trump doctrine, we kill the terrorist and we come home.” “I think this War Powers Resolution was worthy of support because it did not criticize the president,” Gaetz said. “It did not say he was wrong in killing [Quds Force Gen.] Soleimani. But…it did say that if any president wants to drag our nation into another forever Middle East war that they require the approval of the United States Congress.”


“That’s something I deeply believe. And I think it’s something the president deeply believes,” Gaetz explained. Tucker Carlson questioned Gaetz’s claim that his vote had Trump’s support. “Just to be totally clear,” Tucker Carlson asked, “you are one of three Republicans who voted, in effect, against the president’s stated position but you just talked to the president and he said that he is on your side?” “Well, the president probably would have preferred that I vote with the other Republicans,” Gaetz responded. “He [Trump] certainly said that. I think on these broader questions of war and peace, Donald Trump understands that the pro-war candidate loses presidential elections … it’s typically the anti-war candidates that win.”

Read more …

Inviting Biden and Schiff onto the stage.

Democrats To Press For Impeachment Witnesses Throughout Trial (R.)

Senate Democratic leader Chuck Schumer said he will press Republicans to accept four witnesses, including John Bolton, Trump’s former national security adviser, even if the Senate rejects testimony at the start of the trial to determine whether Trump should be convicted of abusing his power and obstructing Congress over Ukraine. “Those votes at the beginning of the trial will not be the last votes on witnesses and documents. Make no mistake, we will continue to revisit the issue,” Schumer said on the Senate floor. Schumer, who needs only four of the 100-seat Senate’s 53 Republicans to join Democrats on the witness question, could succeed by pressuring vulnerable Republicans such as Senator Susan Collins and Senator Cory Gardner, who face re-election challenges in swing states in November.


Without witnesses, Democrats fear Senate Republicans could move quickly to dismiss the charges against Trump. But securing witnesses could also open a Pandora’s box for Democrats. Trump has said he would like to hear from former Vice President Joe Biden, his businessman son Hunter Biden, House Intelligence Committee Chairman Adam Schiff and the anonymous whistleblower whose complaint launched the impeachment inquiry. Trump also has said he might try to block Bolton from testifying. “When we start allowing national security advisers to just go up and say whatever they want to say… We can’t do that,” he told reporters at the White House.

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“This is how corrupt American law has become. A man is being put in prison for 6 months for not cooperating with an investigation of an event that did not happen!”

The Justice Department Is Devoid of Justice (PCR)

In the United States the criminal justice (sic) system is itself not subject to law. We see immunity to law continually as police commit felonies against citizens and even murder children and walk away free. We see it all the time when prosecutors conduct political prosecutions and when they prosecute the innocent in order to build their conviction record. We see it when judges fail to prevent prosecutors from withholding exculpatory evidence and bribing witnesses and when judges accept coerced plea deals that deprive the defendant of a jury trial.

We just saw it again when federal prosecutors recommended a six month prison sentence for Lt. Gen. Flynn, the former head of the Defense Intelligence Agency accused of lying to the FBI about nothing of any importance, for being uncooperative in the Justice (sic) Department’s effort to frame President Trump with false “Russiagate” charges. The Justice (sic) Department prosecutor said: “The sentence should adequately deter the defendant from violating the law, and to promote respect for the law. It is clear that the defendant has not learned his lesson. He has behaved as though the law does not apply to him, and as if there are no consequences for his actions.”

That is precisely what the Justice (sic) Department itself did for years in their orchestration of the fake Russiagate charges against Trump. The prosecutor’s hypocrisy is overwhelming. The Justice (sic) Department is a criminal organization. It has no sense of justice. Convicting the innocent builds the conviction rate of the prosecutor as effectively as convicting the guilty. The Horowitz report of the Justice (sic) Department’s lies to the FISA court did not recommend a six-month prision sentence for those Justice (sic) Deplartment officials who lied to the government. Horowitz covered up the crimes by converting them into “mistakes.” Yes, they are embarrassing “mistakes,” but mistakes don’t bring prison sentences.

Now that we know the only Russiagate scandal was its orchestration by the CIA, Justice (sic) Department, and Democrats, failing to cooperate with the special counsel investigation of alleged Russian interference in the 2016 election is nonsensical as we know for a definite fact that there was no such interference. [..] This is how corrupt American law has become. A man is being put in prison for 6 months for not cooperating with an investigation of an event that did not happen! If Trump doesn’t pardon Flynn (and Manafort and Stone), and fire the corrupt prosecutors who falsely prosecuted Flynn, Trump deserves no one’s support. A president who will not defend his own people from unwarranted prosecution is not worthy of support.

Read more …

Clowns and monkeys. Are these people still working at Boeing?

Internal Boeing Messages Raise Serious Questions About 737 MAX (R.)

Boeing on Thursday released hundreds of internal messages that raise serious questions about its development of simulators and the 737 Max that was grounded in March after two fatal crashes, prompting outrage from US lawmakers. In an April 2017 exchange of instant messages, two employees expressed complaints about the Max following references to issues with the plane’s flight management computer. “This airplane is designed by clowns who in turn are supervised by monkeys,” one unnamed employee wrote. In one message, dated November 2015, which appears to shed light on lobbying methods used when facing demands from regulators, a Boeing employee notes regulators were likely to want simulator training for a particular type of cockpit alert.

“We are going to push back very hard on this and will likely need support at the highest levels when it comes time for the final negotiation,” the employee writes. The planemaker said some communications “raise questions” about Boeing’s interactions with the Federal Aviation Administration (FAA) in connection with the simulator qualification process. In releasing redacted versions of what it called “completely unacceptable” communications, Boeing said it was committed to transparency with the regulator. Unredacted versions of the messages were turned over to the FAA and Congress in December.

Peter DeFazio, the House transportation committee chairman, who has been investigating the Max, said the messages “paint a deeply disturbing picture of the lengths Boeing was apparently willing to go to in order to evade scrutiny from regulators, flight crews, and the flying public, even as its own employees were sounding alarms internally”. He added: “they show a coordinated effort dating back to the earliest days of the 737 Max program to conceal critical information from regulators and the public”.

Read more …

“Would you put your family on a Max simulator trained aircraft? I wouldn’t.”

Boeing Emails Show Workers Mocking FAA, Ridiculing 737 MAX Safety (MW)

Newly released internal emails from Boeing Co. paint a disturbing picture of its 737 Max program, with employees bragging about fooling FAA regulators and ridiculing its safety. The emails were part of more than 100 pages of documents sent Thursday by Boeing to House and Senate committees that have been investigating the aircraft maker in the wake of two crashes in 2018 and 2019 that killed a combined 346 people. The 737 Max family has been grounded for nearly a year, with no return date yet. “This airplane is designed by clowns who in turn are supervised by monkeys,” read one email.


Some messages detail problems with the development of Boeing’s 737 Max simulator and suggest the planes got FAA approval under false pretences. “I still haven’t been forgiven by God for the covering up I did last year,” one of the employees says in a 2018 email, apparently referring to interactions with the Federal Aviation Administration. “Would you put your family on a Max simulator trained aircraft? I wouldn’t,” one employee emailed a colleague. “No,” the co-worker responded. “These newly-released emails are incredibly damning,” Rep. Peter DeFazio, D-Ore., said in a statement Thursday night. “They paint a deeply disturbing picture of the lengths Boeing was apparently willing to go to in order to evade scrutiny from regulators, flight crews, and the flying public.”

Read more …

They’ll be buried in ever more lawsuits, and many courts will choose the other side. It’s simply too late, and opinion on fossil fuels etc. is against deregulation.

White House Unveils Plan To Speed Big Projects Permits (R.)

The Trump administration on Thursday unveiled a plan to speed permitting for major infrastructure projects like oil pipelines, road expansions and bridges, one of the biggest deregulatory actions of the president’s tenure. The plan, released by the White House Council on Environmental Quality (CEQ), would help the administration advance big energy and infrastructure projects like the Keystone XL oil pipeline or roads, bridges and federal buildings that President Donald Trump and industry groups complained have been hampered by red tape. “For the first time in over 40 years today we are issuing a new rule under the National Environmental Policy Act (NEPA) to completely overhaul the dysfunctional bureaucratic system that has created these massive obstructions,” Trump said at the White House on Thursday.

The proposal to update the how NEPA, the 50-year bedrock federal environmental law, is implemented is part of Trump’s broader effort to cut regulations and oversight to boost industry. “This proposal affects virtually every significant decision made by the federal government that affects the environment,” Interior Secretary David Bernhardt said, adding that the NEPA reform would be the “most significant deregulatory proposal” of the Trump administration. The proposed rule says federal agencies would not need to factor in the “cumulative impacts” of a project, which could include its impact on climate change, making it easier for major fossil fuel projects to sail through the approval process and avoid legal challenges.

[..] Trump’s efforts to cut regulatory red tape have been praised by industry. But they have so far largely backfired by triggering waves of lawsuits that the administration has lost in court, according to a running tally here by the New York University School of Law’s Institute for Policy Integrity. Over the last few years, federal courts have ruled that NEPA requires the federal government to consider a project’s carbon footprint in decisions related to leasing public lands for drilling or building pipelines.

Read more …

The author is a senior fellow at the think tank Center for China and Globalization. That explains a lot. But yes, China achieved a lot re: poverty. Question is: at what price?

China To Become First To Realize UN Goal Of ‘No Poverty’ (CD)

China is poised to realize a dream that a few decades ago most experts would have dismissed as wishful thinking. For centuries, China dreamed of building a “moderately prosperous society” in all respects. And this year, under the leadership of the Communist Party of China, China will realize that dream despite having a population of more than 1.3 billion. Late leader Deng Xiaoping resurrected this ancient but never-realized goal when reform and opening-up were launched. Chinese leaders who followed adopted it, adding additional details. President Xi Jinping included it in his seminal “four-pronged comprehensive strategy” in 2014. Xi explained the notion in great detail at the 19th National Congress of the CPC in October 2017 in a speech titled, “Secure a Decisive Victory in Building a Moderately Prosperous Society in All Respects”, mentioning the concept 18 times.

He said that building a moderately prosperous society in all respects meant promoting social fairness and justice, as well as ensuring steady access to childcare, education, employment, medical service, elderly care, housing and social assistance. He pledged to “intensify poverty alleviation, see that all our people have a greater sense of fulfillment as they contribute to and gain from development, and continue to promote well-rounded human development and common prosperity for everyone.” Now, a little more than two years later, the results are in, and China is about to eradicate absolute poverty. In 1979, China’s per capita GDP was $200. It is now estimated to be $10,000, a 50-fold increase – with GDP growth averaging just shy of 10 percent a year.

Over the past four decades, China has lifted about 800 million people out of poverty, which is 70 percent of the global total. Little wonder China is set to become the first developing country to achieve the first of the UN’s 17 Sustainable Development Goals: No poverty. China’s rural population living under the currently defined poverty line of $1.90 per person per day fell from 770 million in 1978 to 16.6 million in 2018, and the rural poverty level declined from 97.5 percent to 1.7 percent, a decrease of 95.8 percent. In 2019 alone, about 340 impoverished counties and 10 million people were lifted out of poverty. And Xi has pledged that after the eradication of absolutely poverty in 2020, China will launch a campaign to eliminate relative poverty.

Read more …

 

In the same way that you ARE the climate. Or the war.

 

 

 

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Apr 142018
 
 April 14, 2018  Posted by at 9:54 am Finance Tagged with: , , , , , , , , , ,  8 Responses »


Robert Capa Anti-fascist militia women defending a street barricade, Barcelona 1936

 

US Media Love War More Than They Hate Trump (Khalek)
US Defence Secretary Mattis Says ‘This Was A One-Time Shot’ – For Now (Ind.)
Why Is ‘Bad Guy’ Putin So Popular At Home? (Steve Keen)
Trump’s Actions in Syria Violate US Constitution (Kucinich)
Long Wars (Claire Connelly)
The Deep State Takes A Hostage (Stockman)
Irish High Court Sets Out 11 Questions For ECJ on EU-US Data Transfers (IT)
Mark Zuckerberg’s Testimony Lurched From Easy Ride To Headache (G.)
Making America More Indebted (Roberts)
JPMorgan Profits Soar 35% Thanks To Donald Trump’s Tax Cuts (Ind.)

 

 

How many people actually believe the Skripal and Douma stories they are being fed?

US Media Love War More Than They Hate Trump (Khalek)

American media outlets can’t help themselves. They love war. They love war more than they hate Trump. They love war so much, they are cheering on the president they hate to militarily escalate in Syria. And if he doesn’t escalate in Syria, it proves he is controlled by the Kremlin, they tell us. If he wants to demonstrate that Russia isn’t calling the shots, he must bomb Syria. And he must bomb Syria to punish Assad for an alleged chemical attack that has yet to be properly investigated to determine whether it took place and who is responsible. The US media isn’t interested in evidence, they have been repeating that Assad was behind this alleged attack from the beginning and through repetition it has become a truth.

NBC recently published claims fed to them by anonymous US intelligence officials claiming to have proof that the attack did indeed take place and that Assad is responsible. It’s not as if US officials have ever lied about weapons of mass destruction in the past to justify war, so why should NBC be skeptical of this? Meanwhile, CNN—when it isn’t busy obsessing over Stormy Daniels—has hosted a parade of war hawks agitating for military escalation against Syria, against Iran, even against Russia. For example US Republican Senator Lindsey Graham, who has never seen a country he doesn’t want to bomb, was allowed to go on air and call Assad a legitimate military target, saying Trump should take him out to “send a strong message other bad actors like North Korea and Iran.”

He went largely unchallenged by the CNN host whose only qualm was where the US could bomb in Syria to properly punish the Assad government. “It’s tough to decide what option to hit. What is a good option? You’d be forced to take out the air force but it doesn’t sound like taking out the air force will stop if it’s chemical attacks coming out of a helicopter,” she said to Graham. The editorial board at the Washington Post, a newspaper that is owned by Amazon billionaire Jeff Bezos who has a $600 million contract with the CIA that is never disclosed by the paper on stories related to the intelligence agency despite the clear conflict of interest, agitated for Trump to go further than just bombing Syria once.

The Post wants to see a longer term plan for regime change and US military domination over Syria. “The reality Mr. Trump has not yet faced is that as long as the dictator he called “Animal Assad” remains in place, Syria’s wars will continue, breeding Islamist terrorists and propelling refugees toward Europe,” said the Post. But the reality is the opposite: it is the US’ war of regime change in Syria that has prolonged the war, bred Islamist terrorists, and propelled refugees toward Europe, and the Post is calling for continuing that regime change operation.

Read more …

The story is they struck chemical weapons facilities. That means the OPCW has zero credibility from now on; they stated just a few years ago that Syria had none anymore.

US Defence Secretary Mattis Says ‘This Was A One-Time Shot’ – For Now (Ind.)

The US military has revealed the three-nation stake on Syria targeting alleged chemicals assets is over for now – declaring “right now this is a one-time shot”. Defence Secretary James Mattis said the US, UK and France had acted together, having determined that Syrian leader Bashar al-Assad had used chemical weapons against civilians a week ago. He said it would depend on Mr Assad if there were further strikes. “Right now this is a one-time shot,” he told a briefing on Friday night at the Pentagon. The Chairman of the Joint Chiefs of Staff General Joseph Dunford, said the targets included a Syrian research facility, a chemical weapons storage facility and a command post. The first of these was located in Damascus, the first time that the US had struck close to the capital.

Asked whether the US and its allies was planning further attacks, Mr Mattis said: “That depends open Assad.” The Defence Secretary said he was “certain” the Syrian regime had used chemical weapons in an attack on civilians, something that Mr Assad and its Russian allies have denied. He said the US was still investigating what sort of chemical weapons had been used. “We are aware of one of the chemical agents” that was used, but further assessments were continuing. While it was reported that Russian forces were not warned in advance of the strike, he said that usual deescalation communications did go ahead, the process Moscow and Washington use to avoid unintentional attacks on each other’s forces, or accidental clashes or their aircraft.

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“..an extra 2.5-3 million Russian adults died in middle age in the period 1992-2001 than would have been expected based on 1991 mortality..”

Why Is ‘Bad Guy’ Putin So Popular At Home? (Steve Keen)

The destructive impact of the far-too-rapid transition was an increase in the mortality rate, which medical researchers concluded meant that “an extra 2.5-3 million Russian adults died in middle age in the period 1992-2001 than would have been expected based on 1991 mortality. ” In strict economic terms, the transition was an abject failure – that is, if you think it was intended to improve Russian living standards. GDP virtually halved between 1990 and 1998, living standards plummeted, crime proliferated, and Russian society almost collapsed. Even today, output is barely above pre-transition levels.n

The failure of the rapid transition policies forced on Russia by the US is even more apparent when Russia’s transition performance is compared with China’s, where the communists remained firmly in control, and where the transition was deliberately undertaken at a measured pace. Russia’s per capita GDP today is only slightly above its level at the end of the Soviet period. China’s per capita GDP is ten times what it was in 1990. However, viewed from the very bottom of this brutal process in 1998, Russia has made remarkable progress: from 1998 until now, GDP has more than doubled, in both total and per capita terms. For almost all of this time, Russia’s president or prime minister has been Vladimir Putin.

Prior to his election in 2000, Putin rose to prominence in part because of his successful repression of the Chechen revolt. This hardly endeared Putin to the Chechens. But it gave him the aura of a strongman at the time most Russians believed their country desperately needed one, to eliminate the low-level mafia who tormented the public directly, to subdue the Oligarchs who exploited them, and to stand up to the West when his predecessor Yeltsin had effectively been a puppet. Putin can’t be solely credited with starting the economic turnaround, but his strongman approach to running Russia was welcomed, and is still welcomed, by the majority of his countrymen.

Russia is far from perfect under Putin, and Putin is far from perfect himself. But its economy and its national pride have been restored under his rule, and the Russian public cannot be faulted for feeling substantial antipathy towards the West, and the US in particular. Given that Russia has legitimate grievances about how the West treated it after it decided to join the capitalist camp, and the disastrous outcomes of all previous Western attempts at regime change, I’d rather our so-called leaders aimed for rapprochement with Russia, and yes, with Putin, instead of heightened animosity.

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So what is Congress going to do?

Trump’s Actions in Syria Violate US Constitution (Kucinich)

President Trump acted without congressional authorization in ordering a military attack against Syria tonight. This is a clear violation of the United States Constitution, Article 1, Section 8 which makes it clear that only Congress has the power to declare war. The President’s Article II authority as “Commander in Chief” does not give him the authority to act independent of Congress on matters of war. This is not a mere technicality. The doctrine of separation of powers is the only thing which protects the US from becoming a dictatorship. The President is subject to the law. The gas attack on Douma must be dealt with in an international court of law. If the US does not stand for the rule of law, how can we demand other countries to do so?

The attack on Syria will embolden ISIS. Our military power should not be used to help, directly or indirectly, ISIS and those elements whose philosophy is inimical to the United States of America. The President has violated the Constitution, usurping the power of Congress. This is not about whether or not the President hates Syria’s leaders. It is about whether or not he loves the US Constitution, which he took an oath to defend. The President chose to order a military attack almost a week after the gas attack on Douma. He had plenty of time to seek congressional approval, but he chose not to do so, even though he himself specifically said “The President must get congressional approval before attacking Syria – big mistake if he does not.” (Twitter, August 30th, 2013).

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“.. the Arab world under the control of those who live and work in the Arab world.”

Long Wars (Claire Connelly)

From Syria, to Iraq, Iran to Libya, our understandings of the long-wars in the Middle-East as moral, humanitarian interventions designed to democratise and civilise are the result of a carefully crafted propaganda campaign waged by the US and its allies. Each of these uprisings were launched by US proxies, designed to destabilize the regions, justifying regime change that suit the economic interests of its investors, banks and corporations, captured comprehensively in a new book by Canadian author and analyst, Stephen Gowans, Washington’s Long War on Syria. You might be surprised to know that both the Libyan, Syrian and Iraqi government, led by Muammar Gaddafi, Hafez Al Assad, (succeeded by Bashaar Al Assaad) and Sadaam Hussein respectively, were socialist governments.

Or Ba’ath Arab Socialist governments, to be precise. Ba’ath Arab Socialism can be summed up in their constitutions supporting the values of: ‘freedom of the Arab world, freedom from foreign powers and freedom of socialism’. Its doctrine was supported in Libya, as it was in Iraq and Syria. Of course, particularly in Hussein’s case, we cannot claim that these governments were without their problems. Ethnic cleansing is not to be overlooked, but condemned on the strongest grounds. But of course these were not the reasons the US and its allies decided to get into it. “For the last quarter of a century, the US and its allies have waged highly destructive campaigns of economic warfare against Syria and Iraq, the economic equivalent of nuclear war,” writes Gowans,

“and have done so because they are opposed to Ba’ath Arab Socialist efforts to bring politics and the economics of the Arab world under the control of those who live and work in the Arab world.” In the case of Iraq, it had combined its oil wealth with public ownership of the economy, leading to what is known as ‘The Golden Age’, where, according to a State Department Official: “Schools, universities, hospitals, factories, museums and theatres proliferated employment so universal, a labour shortage developed.” When the Ba’ath Arab Socialists were driven from power in Iraq, the US installed military dictator, Paul El Briener who set about a ‘de-Ba’athification’ of the government, expelling every member of the Ba’ath Arab Socialist party and imposed a constitution forbidding any secular Arab leader from ever holding office in Iraq again.

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It ain’t over.

The Deep State Takes A Hostage (Stockman)

The Donald seems to be taking a Deep Breath on his Syria bombfest, but the Deep State has him by the orange hairs. So we doubt the delay will last much longer. That’s because our Art of the Deal genius is getting bamboozled yet again. They are telling him that wiping out up to a dozen Syrian airfields, military installations and a dog-eared factory or two that can be identified as chemical weapons sites will amount to some pretty serious Shock & Awe where it counts: That is, the mere witnessing of it will cause the Fat Boy of Pyongyang to brown his ample trousers, thereby getting his “mind right” for the upcoming summit. That’s exactly the kind of macho-bargainer stuff that the Donald thrives on, and is further proof that the Deep State has figured out exactly how to press his buttons.

To be sure, Trump is no innocent victim. He voluntarily made himself hostage to the War Party by surrounding himself with failed generals and the most rabid war-mongers to be found in the Imperial City—-John Bolton, Mike Pompeo and Gina Haspel. Indeed, you have to wonder. How could anyone with even a half-baked notion of America First think that a hard core interventionist like John Bolton should be brought up right close and personal to the POTUS ear lobes, Walrus mustache and all? But whatever the Donald was thinking when he made such horrendous choices for his top national security posts, these denizens of the War Party have wasted no time shoving their own agenda right down his throat.

And at the top of that agenda is systematic, relentless escalation of provocations against Russia and Iran. That’s because confrontation with these demonized states is the best way to keep Imperial Washington (and therefore the entire country) on a war-footing and the national security gravy train overflowing with fiscal largesse. As we indicated in Part 1, the impending attack on Syria is actually a shot across the bow aimed at Tehran and Moscow. The cover story is simply a humanitarian sounding ruse. Ostensibly, Bashar Assad is being administered a good hard spanking via a barrage of cruise missile birch switches.

That begs the question, of course, of how homeland security is actually enhanced by selectively spanking some malefactors and not others. In this case, even the surely bogus claim that 40 civilians were gassed in Douma hardly compares to the 10,000 civilians that have been slaughtered by American bombs delivered by the Saudi air force in Yemen; or the thousands of anti-government prisoners that have been summarily executed by General al-Sisi in Egypt under this stewardship of Washington’s $1.2 billion annual stipend; or the thousands of civilians that Israel has killed during its periodic “lawn-mowing” exercises on the Gaza Strip.

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Huge challenge to Facebook and the CIA. How come only the Irish Times reports on it? The EU top courts is about to ban transfer on personal data from Europe to the US.

Irish High Court Sets Out 11 Questions For ECJ on EU-US Data Transfers (IT)

Legal uncertainty surrounds the capacity of companies such as Facebook to transfer European users’ data to the US after a High Court judge asked the most senior EU court to consider 11 questions on the issue. The referral stems from a case taken by Austrian privacy activist Max Schrems. The questions raise significant issues of EU law with huge implications, including whether the High Court has correctly found there is “mass indiscriminate processing” of data by US government agencies under the PRISM and Upstream programmes authorised there. The questions also ask whether EU law applies to the processing of personal data for national security purposes regardless of whether that data processing takes place in the EU or US or other third country.

Other questions concern whether the Privacy Shield Decision and other measures in the US afford adequate protection for EU citizens whose data is transferred there. The ECJ is also asked to decide the extent of a data protection authority’s (DAA) power to suspend data flows if it considers a third country is subject to surveillance laws which conflict with EU law. After Ms Justice Caroline Costello set out the questions on Thursday in a formal request to the ECJ for a preliminary ruling, Paul Gallagher SC, for Facebook, asked for time to consider that in the context of possibly seeking an appeal against the judge’s decision to make a reference to the CJEU in the first place.

Michael Collins SC, for the Data Protection Commissioner (DPC), queried whether there was any entitlement to appeal a High Court decision to direct a reference but did not object to Facebook being given a short time to consider its approach. The judge, noting she had given judgment last October sanctioning a reference, said she was anxious to make the referral but would allow Facebook time to April 30th. Among the questions for reference include whether, when deciding if data privacy rights of an EU citizen are breached, the issue must be examined against the EU Charter and EU law or the national law of one or more EU states, or an amalgam of the laws of all member states. The High Court had found the appropriate comparator was EU law despite Facebook disputing that.

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The challenege is in Europe, not the US.

Mark Zuckerberg’s Testimony Lurched From Easy Ride To Headache (G.)

As Mark Zuckerberg left Congress on Tuesday after testifying to the Senate, he may have felt relieved. The four-hour Q&A session had been largely dominated by mundane questions of fact about how Facebook works, requests for apologies and updates he had already given and was happy to repeat, and shameless begs for the social network’s cash pile to be used to expand broadband access in senators’ home states. Less than 24 hours later, however, a very different pattern of questioning in front of 54 members of the House of Representatives suggested a much more worrying outcome for Facebook – that this could be the week its crisis moves from being about mistakes in the past to inherent problems in the present.

Perhaps, the representatives implied, Facebook doesn’t just have a problem. What if it is the problem? Questions were still asked about Cambridge Analytica, the 9m other apps the company has to investigate for historical data sharing, and the revelation that more than a billion users had their data scraped by third parties abusing a phone or email lookup feature. But just as many were asked about problems that revolved less around mistakes and more around fundamental facets of Facebook’s business. Unsurprisingly, Zuckerberg appeared less inclined to answer those. “Will you make the commitment to change … all the user default settings to minimise, to the greatest extent possible, the collection and use of users’ data,” asked Frank Pallone, the panel’s top Democrat.

Zuckerberg, declining to give a yes or no, eventually agreed to follow up with an answer after the hearing. “Are you willing to change your business model in the interest of protecting individual privacy,” asked the Democratic congresswoman Anna Eshoo. “I’m not sure what that means,” was Zuckerberg’s reply. Europe’s general data protection regulation, Democrat Gene Green noted, gives EU citizens the right to opt out of the processing of their personal data for marketing purposes. “Will the same right … be available to Facebook users in the United States?” Zuckerberg: “Let me follow up with you on that.”

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“..an additional dollar of deficit spending will reduce private GDP by $1.01, resulting in a one-cent decline in real GDP..”

Making America More Indebted (Roberts)

In December of last year, as Congress voted to pass the “Tax Cut & Jobs Act,” I wrote that without “real and substantive cuts to spending,” the debt and deficits will begin to balloon. At that time, I mapped out the trajectory of the deficit based on the cuts to revenue from lower tax rates and sustained levels of government spending.

Since that writing, the government has now lifted the “debt ceiling” for two years and passed a $1.3 Trillion “omnibus spending bill” to operate the government through the end of September, 2018. Of course, since the government has foregone the required Constitutional process of operating on a budget for the last decade, “continuing resolutions,” or “C.R.s,” will remain the standard operating procedure of managing the country’s finances. This means that spending will continue to grow unchecked into the foreseeable future as C.R.’s increase the previously budgeted spending levels automatically by 8% annually. (Rule of 72 says spending doubles every 9-years) The chart below tracks the cumulative increase in “excess” Government spending above revenue collections. Notice the point at which nominal GDP growth stopped rising.

Trillion dollar deficits, of course, are nothing to be excited about as rising debts, and surging deficits, as shown, impede economic growth longer-term as money is diverted from productive investments to debt-service. While many suggest that “all government spending is good spending,” the reality is that “recycled tax dollars” have a very low, if not negative, “multiplier effect” in the economy. As Dr. Lacy Hunt states: “The government expenditure multiplier is negative. Based on academic research, the best evidence suggests the multiplier is -0.01, which means that an additional dollar of deficit spending will reduce private GDP by $1.01, resulting in a one-cent decline in real GDP. The deficit spending provides a transitory boost to economic activity, but the initial effect is more than reversed in time. Within no more than three years the economy is worse off on a net basis, with the lagged effects outweighing the initial positive benefit.“

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Oh boy, are we doing great.

JPMorgan Profits Soar 35% Thanks To Donald Trump’s Tax Cuts (Ind.)

JPMorgan’s profits jumped 35 percent in the last quarter, compared to a year ago, partly thanks to a huge tax cut. Congress slashed the corporate tax rate from 35 per cent to 21 per cent in December as part of a major overhaul pushed for by President Donald Trump that also cut taxes for wealthy individuals. Higher interest rates also helped to boost profits, JPMorgan said. The bank earned $8.7bn (£6.1bn) in the first quarter, or $2.37 a share, up from $6.45bn, in the same period a year earlier. Analysts had predicted JPMorgan would earn $2.28 a share.

Pre-tax income rose by $2.6bn to $28.52bn in the quarter, the company paid $240 million less in taxes compared to a year earlier. “2018 is off to a good start with our businesses performing well across the board, driving strong top-line growth and building on the momentum from last year,“ chief executive Jamie Dimon said. “The global economy continues to do well, and we remain optimistic about the positive impact of tax reform in the US as business sentiment remains upbeat, and consumers benefit from job and wage growth.”

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Apr 112018
 


Jan van Eyck The Last Judgement (detail) 1430

 

Hussman’s Script For A 60% Tumble In The Stock Market (MW)
World Trade System In Danger Of Being Torn Apart – Lagarde (G.)
Eurocontrol Warns Airlines Of Possible Missile Strikes Into Syria (R.)
Russian Envoy: Any US Missiles Fired At Syria Will Be Shot Down (R.)
We All Need To Unite Against War In Syria (CJ)
Zuckerberg Deflects Senators’ Questions, Gets $3 Billion For The Effort (MW)
Ban Targeted Advertising (Dayen)
EU Top Court Backs France Ban Of Uber (AFP)
Barclays Says Bitcoin Behaves Like An Infectious Disease (BBG)
The Failures of Anti-Trumpism (NYT)
Save the Children Faces Formal Investigation Over Staff Misconduct (G.)
Greece at Bottom of Eurozone Growth Rate (GR)
More Than Half Your Body Is Not Human (BBC)

 

 

“Investment is about valuation. Speculation is about psychology,” Hussman said. “Both factors are unfavorable here.”

Hussman’s Script For A 60% Tumble In The Stock Market (MW)

Enjoy days like this while they last, warns longtime bear John Hussman, because the volatility we’re seeing on the Dow and the S&P 500 only serves to reinforce his pessimistic view that the stock market is careening toward a painful drop of at least 60% and a decade or more of zero to negative returns. “We’re observing the very early effects of risk-aversion in a hypervalued market,” the Hussman Trust president wrote in his latest missive. “To some extent, the actual news events are irrelevant. I certainly wouldn’t gauge market risk by monitoring the day-to-day news on potential tariffs or even prospects for rate changes by the Fed.”

For those of you feeling a bit queasy because of what Hussman describes as the “rather minimal level of volatility” we’ve seen lately, it’s time to make some changes and rebalance your portfolio with some hedges, or at least lighten up by adding cash. “But do so knowing one thing in advance: you will experience regret,” he says. “If the market advances after you rebalance, you’ll regret having sold anything. If the market declines after you rebalance, you’ll regret not having sold more.”

The driving factor he frequently cites for the top-heavy market is that the Fed’s quantitative easing has inflated valuations to unsustainable levels, and as the free money goes away, the bottom will fall out, leaving a trail of blown-up investors in its wake. “Investment is about valuation. Speculation is about psychology,” Hussman said. “Both factors are unfavorable here.” He used this chart or the median price/revenue ratio of S&P components to show just how overvalued stocks are at this point, even after the recent tumble:

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Because the trade system benefits everyone, right?

World Trade System In Danger Of Being Torn Apart – Lagarde (G.)

The head of the IMF has warned of “darker clouds looming” for the global economy amid simmering trade tensions between the US and China, urging governments around the world to steer clear of protectionism or face negative consequences. Christine Lagarde said the current system for world trade was “in danger of being torn apart”, with the potential to upset the present global economic upswing and make consumers poorer. Speaking in Hong Kong amid signs the standoff could be abating, Lagarde said it would be an “inexcusable, collective policy failure” for world trade to break down with nations erecting punitive tariff systems against their rivals. “Let us redouble our efforts to reduce trade barriers and resolve disagreements without using exceptional measures,” she said.

[..] Using language that could be interpreted as a veiled attack on Trump in the speech ahead of the meeting, Lagarde said nations could make domestic policy changes to address trade imbalances and use international forums to settle disputes. “We can all do more – but we cannot do it alone,” she said. “Unfair trade practices have little impact on a country’s overall trade deficit with the rest of the world. That imbalance is driven by the fact that a country spends above its income.” Identifying the US as an example of a nation that could benefit from reforms, she said Washington could help tackle its trade imbalances by gradually curbing public spending and by increasing revenue, which she said would help reduce future fiscal deficits.

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Jamming.

Eurocontrol Warns Airlines Of Possible Missile Strikes Into Syria (R.)

Pan-European air traffic control agency Eurocontrol on Tuesday warned airlines to exercise caution in the eastern Mediterranean due to the possible launch of air strikes into Syria in next 72 hours. Eurocontrol said that air-to-ground and/or cruise missiles could be used within that period and there was a possibility of intermittent disruption of radio navigation equipment. U.S. President Donald Trump and Western allies are discussing possible military action to punish Syria’s President Bashar Assad for a suspected poison gas attack on Saturday on a rebel-held town that long had held out against government forces.

Trump on Tuesday canceled a planned trip to Latin America later this week to focus instead on responding to the Syria incident, the White House said. Trump had on Monday warned of a quick, forceful response once responsibility for the Syria attack was established. The Eurocontrol warning on its website did not specify the origin of any potential missile threat. “Due to the possible launch of air strikes into Syria with air-to-ground and/or cruise missiles within the next 72 hours, and the possibility of intermittent disruption of radio navigation equipment, due consideration needs to be taken when planning flight operations in the Eastern Mediterranean/Nicosia FIR area,” it said, referring to the designated airspace.

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Clear as that.

Russian Envoy: Any US Missiles Fired At Syria Will Be Shot Down (R.)

Russia’s ambassador to Lebanon said any U.S. missiles fired at Syria would be shot down and the launch sites targeted, a step that could trigger a major escalation in the Syrian war. Russian Ambassador Alexander Zasypkin, in comments broadcast on Tuesday evening, said he was referring to a statement by Russian President Vladimir Putin and the Russian armed forces chief of staff. The Russian military said on March 13 that it would respond to any U.S. strike on Syria, targeting any missiles and launchers involved in such an attack. Russia is Syrian President Bashar al-Assad’s most powerful ally.

The United States and its allies are considering whether to hit Syria over a suspected poison gas attack that medical relief organizations say killed dozens of people in the rebel-held town of Douma near Damascus on Saturday. “If there is a strike by the Americans, then…the missiles will be downed and even the sources from which the missiles were fired,” Zasypkin told Hezbollah’s al-Manar TV, speaking in Arabic. He also said a clash “should be ruled out and therefore we are ready to hold negotiations”.

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Yes, we do. But it’s very late in the game.

We All Need To Unite Against War In Syria (CJ)

Last night Fox’s Tucker Carlson did what may have been the most amazing thing that has ever happened on American television. As the drums of war beat louder than they have in years, Carlson stared right into the camera and did the exact opposite of what every mainstream US pundit is doing right now: he told the truth. He told the truth about Syria. He told the truth about Yemen. He told the truth about the alleged chemical weapons attack in Douma. He told the truth about the bipartisan war machine which drops all pretense of opposition the instant it’s time for bloodshed. He told the truth about what war is, what it costs, and what it does to our world.

He stood in stark, unequivocal opposition to the trajectory the Trump administration appears to be moving along. And he did it on Fox News. I have a deep and abiding hatred in my heart for Fox News and all things Murdoch. I will never forget nor forgive the key role the Murdoch press played in deceiving our world into the unimaginable evil that was the Iraq invasion. But if I’d held a reflexive rejection of anything with the Fox News logo in the corner, I never would have seen Carlson’s epic monologue, never would have shared it with my social media following, never would have embedded it in this article, and this bright flash of truth would have been diminished by that much in the impact it was able to have on public consciousness.

And I know that there are many leftists who declined to help spread awareness of that Carlson monologue based solely on the fact that he’s a conservative pundit on a conservative network who has said things they disagree with in the past. This is stupid. We should be able to throw any weapon at all at the war machine, not fight with one hand tied behind our backs just because we don’t like conservatives.

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It was even worse than imagined.

Zuckerberg Deflects Senators’ Questions, Gets $3 Billion For The Effort (MW)

Mark Zuckerberg has come far since the early days of Facebook, and that growth was extremely apparent in how deftly the chief executive dealt with several hours of inscrutable questioning by U.S. senators Tuesday over the social network’s role in presidential election-meddling and the Cambridge Analytica data scandal. Wearing a conservative suit and light blue tie, an outfit he would rarely wear in Silicon Valley, Zuckerberg sat ramrod straight in his witness chair for most of the many hours of questions. He responded to each questioner by first addressing them as senator or chair. He looked earnest and serious for almost every question, even during some of the laughable questions from some of the less tech-savvy members of the Senate, such as the one by Sen. Orrin Hatch, who asked how Facebook makes money if it doesn’t charge users anything.

“Senator, we run ads,” Zuckerberg said with a smile. That calm response was in marked contrast to when Zuckerberg faced another type of grilling, at the All Things D conference in 2010, when he gave vague and rambling answers about Facebook’s changes to its privacy controls at the time, and had to take off his famous hoodie while wiping sweat from his face under the lights on stage. Part of his preparedness for the Senate hearing, where he managed to repeat several core phrases that the company has been perpetuating in the media, came as a result of Facebook’s information bombardment over the past month.

Some of the company’s obvious talking points have been repeated throughout the past weeks, such as how sorry Zuckerberg is, how much control Facebook users actually do have over their own data, how Facebook is trying to build a positive community and constant reminders of how the company started in a Harvard University dorm when he was 19. According to the New York Times, Facebook hired a team of experts to give Zuckerberg — who can be combative and defensive — a crash course in humility and charm ahead of the hearing in sessions that included mock hearings with its communications team and outside advisers. That preparation paid off: After the first two hours of questions were nearing an end and there was a call for a potential break, Zuckerberg took a sip of water and said he could keep going for a bit longer.

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Exactly. Stop that and all the Facebok nonsense stops. But those in power don’t want it to stop.

Ban Targeted Advertising (Dayen)

For the first 35 years of my life, like most Americans, I was exposed to lots of advertising. I absorbed billboards and print ads and direct mailers and television commercials and radio jingles. I learned about available products and services, and chose which ones I wanted. Some businesses I patronized survived and others didn’t. The economy mostly proceeded apace. Then, over the last decade, this form of marketing became seen as insufficient—or rather, the rise of digital media made a more invasive form of marketing too irresistible. Instead of having to cast a wide net in searching for potential customers, advertisers now could know every intimate detail about those customers beforehand.

They began targeting people geographically and behaviorally, based on common interests or things they liked in social media or what they wrote in emails to friends. The surveillance economy was born. The surveillance economy should die. This manner of advertising doesn’t serve the public and it’s not even clear it serves advertisers. It facilitates monopoly, as those with the biggest data troves receive all the ad dollars. That centralizes the potential for and magnitude of abuse, with Big Data used to discriminate against groups, steer vulnerable people to financial scams, and meddle in U.S. elections.

Cambridge Analytica’s scraping of 87 million user profiles through a simple personality quiz, and then weaponizing that information on behalf of Donald Trump’s presidential campaign, revealed how information on social media is inherently insecure. Now Facebook CEO Mark Zuckerberg is appearing before Congress on Tuesday to explain how this won’t happen again. But instead of leaving regulation to Facebook, or devising one Rube Goldberg scenario after another to try to protect consumer data, the U.S. can take one simple, legal step to roll back this dystopian nightmare: ban targeted advertising.

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App or transport?

EU Top Court Backs France Ban Of Uber (AFP)

The EU’s top court on Tuesday backed the right of member states like France to ban a service by ridesharing firm Uber without notifying Brussels, in a fresh setback to the US giant. The European Court of Justice ruled in favour of France’s ban of the UberPop service, which links amateur drivers with customers, comparing it to a December decision backing traditional taxi firms in the Spanish city of Barcelona. “Member States may prohibit and punish, as a matter of criminal law, the illegal exercise of transport activities in the context of the UberPop service, without notifying the Commission in advance,” the European Court of Justice ruled. [..]

Uber France is facing criminal proceedings in a court in the northern French city of Lille for its UberPop service. It argues that member states like France were required to notify the European Commission about the criminal legislation under which the case was brought because it concerned a technical regulation of an information society service. But the court of justice said the French case resembled one it ruled on in December when it classified Uber as an ordinary transportation company instead of an app and should be regulated as such. “In the Court’s view, the UberPop service offered in France is essentially identical to the service provided in Spain,” the court of justice statement said.

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True or not, a nice angle.

Barclays Says Bitcoin Behaves Like An Infectious Disease (BBG)

Is the rise of Bitcoin analogous to the spread of an infectious disease? Analysts at Barclays saw enough similarities to develop a pricing model for the cryptocurrency that takes its cues from the world of epidemiology. Their diagnosis: Bitcoin has probably peaked. The Barclays model divides the pool of potential Bitcoin investors into three groups: susceptible, infected and immune. It assumes that as prices rise, “infections” spread by word-of-mouth (nobody likes missing out when their friends and colleagues are getting rich). Barclays analysts led by Joseph Abate in New York explained the rest in a note to clients on Tuesday:

“As more of the population become asset holders, the share of the population available to become new buyers – the potential ‘host’ population – falls, while the share of the population that are potential sellers (‘recoveries’) increases. Eventually, this leads to a plateauing of prices, and progressively, as random shocks to the larger supply population push up the ratio of sellers to buyers, prices begin to fall. That induces speculative selling pressure as price declines are projected forward exponentially.” A similar dynamic plays out with infectious diseases when the so-called immunity threshold is reached, “the point at which a sufficient portion of the population becomes immune such that there are no more secondary infections,” the analysts wrote.

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Does David Brooks realize that anti-Trumpism, of which he’s a proud supporter, is what won Da Doland da election?

The Failures of Anti-Trumpism (NYT)

Over the past year, those of us in the anti-Trump camp have churned out billions of words critiquing the president. The point of this work is to expose the harm President Trump is doing, weaken his support and prevent him from doing worse. And by that standard, the anti-Trump movement is a failure. We have persuaded no one. Trump’s approval rating is around 40%, which is basically unchanged from where it’s been all along. We have not hindered him. Trump has more power than he did a year ago, not less. With more mainstream figures like H. R. McMaster, Rex Tillerson and Gary Cohn gone, the administration is growing more nationalist, not less. We have not dislodged him.

For all the hype, the Mueller investigation looks less and less likely to fundamentally alter the course of the administration. We have not contained him. Trump’s takeover of the Republican Party is complete. 89% of Republicans now have a positive impression of the man. According to an NBC News/Wall Street Journal poll, 59% of Republicans consider themselves more a supporter of Trump than of the Republican Party. On trade, immigration, entitlement reform, spending, foreign policy, race relations and personal morality, this is Trump’s party, not Reagan’s or anyone else’s. A lot of us never-Trumpers assumed momentum would be on our side as his scandals and incompetences mounted. It hasn’t turned out that way.

I almost never meet a Trump supporter who has become disillusioned. I often meet Republicans who were once ambivalent but who have now joined the Trump train. National Review was once staunchly anti-Trump, and many of its writers remain so, but, tellingly, N.R. editor Rich Lowry just had a column in Politico called “The Never Trump Delusion” arguing that Trump is not that big a departure from the Republican mainstream. The surest evidence of Trump’s dominance is on the campaign trail. As The Times’s Jonathan Martin reported, many Republicans, including Ted Cruz, are making the argument that if Democrats take over Congress, they will impeach the president. In other words, far from ignoring Trump, these Republicans are making defending him the center of their campaigns.

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Et tu, Brute?

Save the Children Faces Formal Investigation Over Staff Misconduct (G.)

Save the Children, the global charity mired in allegations that it failed to investigate sexual abuse and inappropriate behaviour by staff, is to be formally investigated by the Charity Commission. In a statement announcing a statutory inquiry, the commission said it had been prompted by “concerns about the charity’s handling, reporting and response to serious allegations of misconduct and harassment against senior staff members in 2012 and 2015”. The commission describes a statutory inquiry as its “most serious form of engagement” with a charity.

The news, announced on Tuesday night, will be another blow for the charity two months after it emerged that both Justin Forsyth, its former chief executive, and Brendan Cox, the former policy director and widower of the MP Jo Cox, left the charity in 2015 following allegations of misconduct. The two men knew each other from their years working for Gordon Brown and the Labour party. After he left Save the Children, Forsyth went on to a senior role at Unicef. He resigned in February after the reports of inappropriate behaviour emerged. Cox also resigned from the charities More in Common and the Jo Cox Foundation, set up in the aftermath of his wife’s murder.

The commission, which itself has been criticised for failing to follow up allegations involving the charities it polices, has been working with Save the Children since the facts about Forsyth and Cox emerged in the wake of the scandal involving Oxfam workers in Haiti. Save the Children is already reviewing its workplace culture and the implementation of recommendations made by a previous review. But the Charity Commission said its recent work with it, and new information from other sources that has recently come into the regulator’s possession, meant that the commission wanted to make further inquiries.

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It’s crazy to think the Greek economy is growing.

Greece at Bottom of Eurozone Growth Rate (GR)

Greece’s growth was the lowest among eurozone countries for 2017, with a GDP rise of just 1.4% while the eurozone average was 2.3%, according to European Central Bank figures. The ECB annual report released on Monday showed Ireland at the top of the growth chart among eurozone member states with a 5% GDP increase. Overall, 2017 was a year of growth for the whole of the single-currency bloc. According to the report, the main reason Greece fared so low in 2017 was that it showed only 0.1% growth in private consumption, compared to an average 1.6% increase in the rest of eurozone states.

At the same time, Greece showed a 1.1% decline in government spending, while the average in the euro area was a 1.2% increase. In terms of per capita GDP at current prices and adjusted for the cost of living, Greeks have an average annual income of €19,900 ($24,527) compared to €54,600 for each Irish citizen. In Portugal, average income amounted to €23,100, compared to €18,100 before the economic crisis. In Cyprus, the average income was €24,600 compared to €29,900 before the crisis. The “before the economic crisis” figures refer to the 1999-2008 period. On average in the euro area, per capita GDP stood at €31,700 according to the latest figures (2016), compared to €24,400 before the crisis.

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Bugs as drugs. “Originally it was thought our cells were outnumbered 10 to one.”

Well, our genes are outnumbered 1000 to 1.

More Than Half Your Body Is Not Human (BBC)

More than half of your body is not human, say scientists. Human cells make up only 43% of the body’s total cell count. The rest are microscopic colonists. Understanding this hidden half of ourselves – our microbiome – is rapidly transforming understanding of diseases from allergy to Parkinson’s. The field is even asking questions of what it means to be “human” and is leading to new innovative treatments as a result. “They are essential to your health,” says Prof Ruth Ley, the director of the department of microbiome science at the Max Planck Institute, “your body isn’t just you”. No matter how well you wash, nearly every nook and cranny of your body is covered in microscopic creatures.

This includes bacteria, viruses, fungi and archaea (organisms originally misclassified as bacteria). The greatest concentration of this microscopic life is in the dark murky depths of our oxygen-deprived bowels. Prof Rob Knight, from University of California San Diego, told the BBC: “You’re more microbe than you are human.” Originally it was thought our cells were outnumbered 10 to one. “That’s been refined much closer to one-to-one, so the current estimate is you’re about 43% human if you’re counting up all the cells,” he says. But genetically we’re even more outgunned. The human genome – the full set of genetic instructions for a human being – is made up of 20,000 instructions called genes. But add all the genes in our microbiome together and the figure comes out between two and 20 million microbial genes.

[..] Antibiotics and vaccines have been the weapons unleashed against the likes of smallpox, Mycobacterium tuberculosis or MRSA. That’s been a good thing and has saved large numbers of lives. But some researchers are concerned that our assault on the bad guys has done untold damage to our “good bacteria”. Prof Ley told me: “We have over the past 50 years done a terrific job of eliminating infectious disease. “But we have seen an enormous and terrifying increase in autoimmune disease and in allergy. “Where work on the microbiome comes in is seeing how changes in the microbiome, that happened as a result of the success we’ve had fighting pathogens, have now contributed to a whole new set of diseases that we have to deal with.”

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