Nov 132019
 
 November 13, 2019  Posted by at 8:56 am Finance Tagged with: , , , , , , , , , ,  15 Responses »


Pablo Picasso Pitcher of flowers on a table 1942

 

DC Bars To Open Early For Impeachment Mania (Hill)
Adam Schiff’s ‘Ham Sandwich’: Not An Inquiry, Just A Show (Hill)
The Trump Impeachment Inquiry Is Already In Big Trouble (Fox)
Trump Fumes As Dems Get Ready For ‘Sober And Rigorous’ Public Hearings (G.)
Bolton: Some Of Trump Foreign Policy Guided By Personal Interest (NBC)
Trump On Fed: Others Have Negative Rates: ‘Give Me Some Of That Money’ (CNBC)
Prince Andrew Accuser Target Of Suit Questioning Her Forced Sex Claims (USAT)
Ousted Bolivian President Evo Morales Thanks Mexico For Saving His Life (RT)
Morales Endures Twists And Turns During Flight To Political Asylum In Mexico (RT)
Opposition Senator Declares Herself ‘Interim President’ Of Bolivia (RT)
Alexander Downer Says Assange Should Not Expect Australian Intervention (SMH)
Wisconsin’s Dairy Crisis: “We Are Losing Two Farms A Day!” (SHTF)
Russians Interfere In New Zealand ‘Bird Of The Year’ Contest (RT)

 

 

“Subpoena Colada”.

DC Bars To Open Early For Impeachment Mania (Hill)

Restaurant and bar owners in Washington are aiming to cash in on impeachment in a decidedly #thistown way, opening their doors early so the city’s politically minded revelers can imbibe as they take in the House’s first televised hearings. The House impeachment inquiry into President Trump’s dealings with Ukraine is poised to enter a new phase on Wednesday, with public hearings scheduled in the Intelligence Committee, with more set for Friday. Duffy’s Irish Pub, in the District’s H Street NE neighborhood, will feature what it’s dubbing “happy hearing hours,” with $5 rail drinks and $2 off all drafts and wine during all impeachment hearings. The watering hole — which boasts eight large, flat-screen TVs with a “stadium sound” system — says it’s also whipping up a pair of impeachment beverages to mark the occasion.


Bartenders will be serving a “Subpoena Colada” and a drink called “James and the Giant Impeachment.” The eatery isn’t the only place prepping for all the impeachment action in the House. Union Pub says it will be open for business at 9:50 a.m. on Wednesday, just 10 minutes before the hearing is scheduled to begin. The Capitol Hill tavern will be showing everything impeachment on all its TVs and will be featuring a surplus of specials. For $7, customers can pick up a variety of peachy cocktails, including its “Impeachment Please”, made with peach-flavored Jim Beam, simply syrup and orange bitters, or “I Got 99 Problems But Impeachment Ain’t One,” a Sobieski peach vodka, peach Schnapps, orange juice, Sprite and lemon libation.

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“As a matter of due process, Schiff’s made-for-TV spectacle is a bad joke.”

Adam Schiff’s ‘Ham Sandwich’: Not An Inquiry, Just A Show (Hill)

Rep. Adam Schiff (D-Calif.) and his House Intelligence Committee are taking the show public this week. The inquiry he’s been running is, he claims, analogous to a grand jury investigation: It’s a preliminary investigative stage before the inquiry’s transfer to the Judiciary Committee for the formal consideration of articles of impeachment. Grand juries, however, never go public. And that is precisely because they are intentionally one-sided. They are kept secret by law to avoid prejudicing the suspect. Prejudice is exactly what Schiff is aiming for, however. The point is not impeachment; it is to wound President Trump politically. To be clear, Schiff’s grand jury analogy is bogus. Congress is not a grand jury.

Grand juries are designed to be at least somewhat objective — a body of impartial citizens who, by constitutional mandate, must be satisfied there is probable cause that a crime has been committed before the state is permitted to indict and try a citizen presumed to be innocent. In theory, the grand jury is there to protect the suspect from an overbearing prosecutor. Here, House Democrats are the overbearing prosecutor, not the protective grand jurors. What is happening in the House is a political exercise. Schiff is a hyper-partisan. With the anti-Trump media leaving his absurd grand jury analogy unchallenged, he exploits it when it is useful, namely, when telling Republicans they will not be permitted to call their witnesses, and he puts the analogy aside when it is not useful, namely, in convening one-sided public hearings.

As a matter of due process, Schiff’s made-for-TV spectacle is a bad joke. That was underscored this past weekend when (a) Democrats gave Republicans a ridiculously short deadline to propose their own witnesses, whom Chairman Schiff reserved the right to veto; (b) Republicans duly proposed witnesses on the issues of Democrats’ collusion with Ukraine in the 2016 election campaign and in possible corruption; and (c) Schiff, as predictably as sunrise, ruled the GOP’s witnesses irrelevant. In point of fact, the witnesses that Republicans seek to call are entirely relevant to what would be at issue in an impeachment trial, to wit: Is any misconduct by the president alleged in an article of impeachment sufficiently egregious that he should be removed from power? But, see, a grand jury is not a trial.

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Views of the proceedings vary wildly. Here’s Greg Jarrett…

The Trump Impeachment Inquiry Is Already In Big Trouble (Fox)

The clown show known as an “impeachment inquiry” is getting more comical and hapless by the day. Consider the latest remark from the circus master himself, California Rep. Adam Schiff, (think Bozo, not Pennywise). The Democratic chairman of the House Intelligence Committee says he doesn’t want Republicans turning the impeachment proceedings into a “sham.” The hilarious irony is lost on no one. Schiff has already managed to accomplish it all on his own. At first, Schiff wanted the faux “whistleblower” who triggered the impeachment farce to testify. Then, suddenly, he didn’t. What changed? In the interim, evidence emerged that Schiff and/or his staff colluded with the “whistleblower” before the complaint was ever filed and then lied about it, earning Schiff “Four Pinocchios” from The Washington Post.

The chairman now wants to conceal his own role in engineering the pretext for impeachment and his subsequent deceit. This is why he has insisted that the “whistleblower” remain anonymous, despite no such right, guarantee, privilege, or entitlement written in the law, as I explained in an earlier column. Even though the undercover informant (reportedly working for the CIA) does not qualify for whistleblower status under the law as determined by the Department of Justice, any effort by Republicans to call him as a witness will be blocked by Schiff. But Schiff’s machinations are more malevolent than masking the key witness. Those he will call to testify are already on record dishing up prodigious plates of multiple hearsay and rank speculation.

It is obvious from the released transcripts of the heretofore “super top-secret” inquisition that none of them have any firsthand knowledge of a “quid pro quo” allegedly demanded by President Trump. For example, Bill Taylor, the acting ambassador to Ukraine who will testify on Wednesday, told Schiff’s committee that it was his “understanding” there was a link between U.S. security assistance and an investigation of Joe and Hunter Biden. How did Taylor arrive at his opinion? He heard it through discussions with other diplomats, although there is no indication that any of these individuals had direct knowledge of anything. The chain of hearsay went something like this: the European Union Ambassador Gordon Sondland told National Security Council official Tim Morrison who, in turn, told Taylor that there was a purported “quid pro quo.”

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… and this is the Guardian:

Trump Fumes As Dems Get Ready For ‘Sober And Rigorous’ Public Hearings (G.)

Only three times in the history of the American republic has Congress initiated public testimony that could result in the removal of the president by impeachment. The tally will rise to four on Wednesday. On the eve of public hearings, television crews moved into the halls of the Capitol in Washington, the parties distributed strategy memos and the House intelligence committee prepared to cross-examine its first two witnesses. Democrats allege that Donald Trump engaged the power of his office in an attempt to extort from Ukraine an announcement about investigations of Joe Biden, a domestic political rival, and 2016 election tampering.

Trump’s defenders argue that Trump is the victim of an attack by “unelected and anonymous bureaucrats” who disagreed with unorthodox foreign policy decisions. At the center, of course, is Trump, who has demanded Republicans defend his conduct as unimpeachable not only in the constitutional sense but as unimpeachable, period. As the first public testimony approached, Trump grew increasingly tetchy on Twitter: “A total Impeachment Scam by the Do Nothing Democrats!” Corey Brettschneider, a professor of constitutional law at Brown University, called it “maybe one of the most important moments in American history”. “This is only the fourth time that we’ve gotten this far, with a formal process happening,” Brettschneider said. “And I’d say in some ways, it’s among the most serious of alleged offenses.”

On Tuesday, both parties scrambled to coordinate strategy, pre-empt arguments by the other side and control the stagecraft. As the majority in the House, the Democrats have basic control of proceedings, including the witness list. The first two witnesses scheduled to testify on Wednesday are William Taylor, the acting ambassador in Kyiv who told investigators in closed-door hearings Trump “was adamant” about the need for a public announcement of investigations by the Ukrainian president, Volodymyr Zelenskiy; and state department deputy assistant secretary George Kent, who said Trump “wanted nothing less than President Zelenskiy to go to a microphone and say ‘investigations’, ‘Biden’, and ‘Clinton’”.

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No I swear I kid you not. This is from John Bolton talking to “a gathering of Morgan Stanley’s largest hedge fund clients”. Who are all wondering what will happen to their Boeing shares. No 737 MAX sales, so how about some more bombs on Yemen, John? And here’s that check for your $100,000 speech fee.

Bolton: Some Of Trump Foreign Policy Guided By Personal Interest (NBC)

Bolton served as Trump’s national security adviser for 17 months. The Ukraine scandal began to unfold about a week after his contentious departure. Trump said he’d fired him, though Bolton said he had resigned. Multiple people who attended Bolton’s private speech in Miami did not recall him mentioning Ukraine but said he told attendees that he had kept a resignation letter in his desk for three months. Bolton declined to comment for this article. Bolton is a potential linchpin witness in the inquiry into Trump’s efforts to elicit help from the Ukrainian government to investigate the family of former Vice President Joe Biden, given his central role in the White House during that time. The impeachment inquiry moves to public testimony this week.

Current and former administration officials have testified about Bolton’s strong opposition to the Ukraine pressure effort, which was led by Trump’s personal lawyer Rudy Giuliani and allegedly involved withholding military aid and a presidential meeting until the Ukrainian government publicly committed to investigations, including into 2016 U.S. election interference and a business associated with Biden’s son Hunter. Bolton’s lawyer teased his client’s value last week in a letter to House Democrats that noted that the former national security adviser had been present for “many relevant meetings and conversations” on Ukraine, including some that have yet to be disclosed to investigators.

His lawyer, Charles Cooper, said Bolton is willing to testify if a federal court approves it and issues a ruling that essentially says he can defy the White House’s position that he can’t speak to Congress. Bolton, a long-time foreign policy hawk who also served in the administration of President George W. Bush, expressed support in his private remarks for Trump’s stance against China on trade, people present said. But Trump and Bolton had a litany of policy differences — on Iran, North Korea, Syria and, apparently, Ukraine.

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The S&P 500 has become a religious shrine.

Trump On Fed: Others Have Negative Rates: ‘Give Me Some Of That Money’ (CNBC)

President Donald Trump used his pulpit before the Economic Club of New York on Tuesday to bash the Federal Reserve, a marked diversion from what many on Wall Street hoped would be a positive speech on the progress of trade relations between the U.S. and China. Instead of highlighting warmer relations with Beijing, Trump criticized the central bank for what he sees as its hesitation to lower interest rates and blamed the central bank for capping gains in the U.S. economy and stock market. The president noted that since his election, the S&P 500 is up over 45%, the Dow Jones Industrial Average is up over 50% and the Nasdaq Composite is up 60%. But those numbers could be way higher, Trump claimed, if it weren’t for the reluctance of the Fed.


“And if we had a Federal Reserve that worked with us, you could have added another 25% to each of those numbers, I guarantee you that,” Trump said. “But we all make mistakes, don’t we?” the president added. “Not too often. We do make them on occasion.” It wasn’t immediately clear which “mistake” Trump was referencing: His choice to nominate Fed Chair Jerome Powell to lead the central bank or Powell’s preferred course of monetary policy. “We are actively competing with nations who openly cut interest rates so that now many are actually getting paid when they pay off their loan, known as negative interest,” he said. “Who ever heard of such a thing?” “Give me some of that,” he said. “Give me some of that money. I want some of that money.”

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Why call her a Prince Andrew accuser, USA Today? She’s an accuser and victim of Epstein, first and foremost. And Ghislaine Maxwell, whom the various intelligence services have still not been able to locate. Right! And then after that, of Andrew and Dershowitz.

Dershowitz claiming that HE is the victim here, not her, is despicable. He was one of Epstein’s best buddies for many years, and there’s no way he didn’t know what went on.

Prince Andrew Accuser Target Of Suit Questioning Her Forced Sex Claims (USAT)

Harvard law professor Alan Dershowitz filed a defamation claim Thursday against a woman who says she was a Jeffrey Epstein “teen sex slave” forced to have sex with powerful men, including Dershowitz and Britain’s Prince Andrew. It’s the latest development in a long-running legal struggle between former Epstein lawyer Dershowitz, 81, and Virginia Roberts Giuffre, 35, an American living in Australia, who’s claimed since 2011 that convicted sex offender Epstein and his associates groomed her as a sex slave when she was a young Florida teen. She says they trafficked her to powerful men who were Epstein’s friends, with whom she said she was compelled to have sex in planes, hotels, mansions and on private islands.

But Dershowitz’s lawsuit raises multiple questions about Giuffre’s credibility regarding him and others. She and her legal team have made it clear she’s not going to stop accusing Andrew of dark deeds, insisting he “should go to jail” and should submit to questioning by the FBI. But so far she has not gone after him in court. [..] Giuffre’s lawyer, Charles Cooper, dismissed Dershowitz’ counterclaim as just another attack on Giuffre. “Recycling the same false claims from his increasingly stale playbook, Alan Dershowitz has once again launched an attack on Virginia Giuffre and her lawyers,” he said in a statement to USA TODAY. “Let’s call his counterclaim what it is: a failed attempt to make something old and tired look new.”

In April this year, Giuffre filed a defamation suit against Dershowitz in federal court in New York, for calling her a liar; that suit is pending. [..] Giuffre’s lawyer, Charles Cooper, dismissed Dershowitz’ counterclaim as just another attack on Giuffre. “Recycling the same false claims from his increasingly stale playbook, Alan Dershowitz has once again launched an attack on Virginia Giuffre and her lawyers,” he said in a statement to USA TODAY. “Let’s call his counterclaim what it is: a failed attempt to make something old and tired look new.” In April this year, Giuffre filed a defamation suit against Dershowitz in federal court in New York, for calling her a liar; that suit is pending.

[..] [Dershowitz] says he has travel records, credit card statements and phone records proving he was never in places when Giuffre claims to have had sex with him. Her “false claims” have led him to suffer severe emotional distress, including “cardiac conditions,” the filing says.

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“If I have committed a crime; it’s being Indigenous. If the Vice President has committed a crime; it’s implementing social programs for the humble & poorest sectors seeking social justice.”

Ousted Bolivian President Evo Morales Thanks Mexico For Saving His Life (RT)

Bolivia’s ousted socialist president, Evo Morales, has credited Mexico with saving his life, after the country offered him political asylum following his resignation from government. “I am very grateful to the president and the Mexican people, because he saved my life,” Morales said on Tuesday, after he arrived in Mexico City to claim political asylum. Unaccounted for in recent days, Morales decried the “coup” against him, and recounted how a member of his once-loyal military was offered $50,000 to turn him in to the opposition on Sunday. Morales was re-elected to the presidency in October, in an election result that opposition leaders called fraudulent.


Though he offered to hold fresh elections, protests continued and Morales stepped down on Sunday following a police and military mutiny. Nevertheless, the socialist leader – who presided over Bolivia through a period of relative stability and economic growth – vowed to remain politically active in exile. “As long as I have life, we continue in politics, the struggle continues, and we are sure that the people have every right to free themselves,” he told reporters in Mexico. Prior to his departure, Morales promised his supporters that he would “return with more strength and energy.”

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A continent being set on fire.

Morales Endures Twists And Turns During Flight To Political Asylum In Mexico (RT)

Former Bolivian President Evo Morales has landed safely in Mexico, but his journey to political asylum had twists and turns as neighboring states reacted to the ongoing turmoil back home. After landing in the North American country Morales said that Mexico saved his life and vowed to continue in politics as long as he is alive. He also told reporters that his home in Bolivia has been ransacked along with his sister’s house. The Mexican Air Force aircraft ferrying Morales to safety made a stop in Paraguay to refuel on Tuesday, after reportedly being denied permission to land in Peru. The plane had been allowed to refuel in Peru on its way to fetch Morales, suggesting that the Peruvian government had a change of heart due to the aircraft’s political cargo.

Initial reports claimed that Chile and Brazil had refused to allow Morales’ aircraft to pass over their airspace, but flight tracking enthusiasts noted that the plane was allowed to fly across Brazil on its way to Mexico. Also, Mexico’s foreign minister said that another country which denied permission for the plane to land and refuel, and also fly over its airspace was Ecuador. Despite the setbacks, Morales appears to be upbeat. One photograph shows him holding up a Mexican flag on board the plane delivering him to political asylum, while another photo is of Morales waving to the camera as he prepares to leave Paraguay for his final destination. Mexico’s foreign ministry said it had decided to take in Morales for humanitarian reasons.

According to Foreign Minister Marcelko Ebrard, Morales’ “life and physical integrity” were at risk in his home country. Bolivian opposition leaders had claimed that police and the military were looking to capture the former president – but the country’s police chief later dismissed these reports. It’s believed that several Bolivian officials, including former Vice President Alvaro Garcia Linera and Senate President Adriana Salvatierra, may also have traveled with Morales – but the Mexican government has declined to comment on these reports.

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Guiado 2.0

Opposition Senator Declares Herself ‘Interim President’ Of Bolivia (RT)

Opposition politician Jeanine Añez has declared herself “interim president” of Bolivia without a vote, but the party of ousted President Evo Morales said that the Senate had no quorum and the legislature’s session was not legal. Añez’s actions echo those of Juan Guaido in Venezuela, who declared himself “interim president” in January with the backing of Washington and the Organization of American States (OAS). While Guaido has repeatedly failed to oust President Nicolas Maduro, however, the opposition in Bolivia – also backed by the US and OAS – has been able to force the resignation of Morales after the military defected to their side. While opposition activists claimed that Añez’s declaration was in line with the Bolivian constitution, lawmakers from the ousted president’s Movement for Socialism called the assembly session illegal. They have refused to attend the proceedings, saying that armed groups loyal to the opposition controlled the roads and could not guarantee their safety.

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Downer’s a nasty piece of work.

Alexander Downer Says Assange Should Not Expect Australian Intervention (SMH)

Former foreign minister Alexander Downer has dismissed the idea of Australian intervention to save WikiLeaks founder Julian Assange from potential extradition to the US amid a political storm over leaks designed to influence the last presidential election. Mr Downer said the fate of Mr Assange, who is fighting his extradition from London to the US to face espionage charges relating to WikiLeaks’ release of classified files on the Iraq and Afghanistan wars, rested with a British court. Mr Downer also ducked questions over his role in the controversial events that led to an FBI investigation into political interference in the 2016 US election campaign, saying he was assisting a US inquiry and did not want to add to a “toxic” debate.

The former Australian high commissioner to the UK mocked the idea of Prime Minister Scott Morrison acting on calls from Mr Assange’s supporters to do all it could to bring him home from the UK, where he has been held since his April 11 arrest at the Ecuadorian embassy, where he had lived in asylum for almost seven years. While he made no comment on the role WikiLeaks played in the US election when it released a trove of emails from the Democrat campaign, he said Mr Assange had to face British courts in response to the US extradition request relating to the separate espionage charges.

“All people are equal before the law. Julian Assange doesn’t get some dispensation from the law of the land, in this case of the UK, because you happen to agree with him or think he did the right thing,” Mr Downer said. “If the United States wants to extradite him, and extradition proceedings are underway, Australia can’t [intervene] even if it wanted to. That is the thing about these emotional narratives – they don’t even make sense.” [..] Mr Downer met Trump aide George Papadopoulos in a London bar in May 2016 where the aide told him the Russians were willing to release dirt on Democrat candidate Hillary Clinton ahead of the November election. Mr Downer reported that meeting to Australian intelligence services, who later shared it with the FBI.

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Big Ag rules.

Wisconsin’s Dairy Crisis: “We Are Losing Two Farms A Day!” (SHTF)

Wisconsin’s dairy crisis has only just begun as the state is losing two farms each day, according to Patty Edelburg, vice president of the National Farmers Union. As farm bankruptcies soar, it is possible that nearly 10% of Wisconsin dairy farmers may go out of business in 2019. “You look at the weather, you look at the crops you can’t get off the field, you look at the bills you can’t pay,” Edelburg, told Yahoo Finance. “Bankruptcies are up. Wisconsin is attributed as the number one bankruptcy in the nation right now when it comes to dairy farmers. That number is up, I think, 24% from last year already. We’re losing two farms a day.” Between 2016 and 2018, Wisconsin lost almost 1,200 dairy farms. The USDA saw a 6.8% decrease in farms across the entire country in 2018.


Wisconsin’s suicide rates have spiked over the last few years and according to the Wisconsin State Journal, experts are attributing many of those deaths to farmers facing economic challenges. “Farming is such a stressful occupation by itself,” Edelburg said. “When you start adding financial stress on top of it, it’s just going to add more stress. Farmers can’t pay their bills, they have no extra money, they have people honing down their neck looking to pay bills. They’re going to banks and they can’t get loans. They’re literally being denied loans.” She explained that the USDA farm agency trains its farm loan officers on how to look for warning signs as part of suicide prevention. “The bankers are the first and the forefront to see a lot of these things,” Edelburg said. “They’re delivering the bad news, and these farmers are dealing with it on that level.”

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Stop laughing! We can hear you all the way from here. Russians interfering in New Zealand popular bird contests is a very serious thing. Stop laughing!

Russians Interfere In New Zealand ‘Bird Of The Year’ Contest (RT)

New Zealand is home to over 200 bird species and most of them are unique to the north and south islands where they have lived for millions of years. But while the Dodo might be dead, modern day drama and meddling certainly isn’t. With many of New Zealand’s native birds in crisis, leading independent conservation organization Forest & Bird started up a yearly ‘Bird of the Year’ competition in order to raise awareness of native bird life. But instead of an increase in bird-watching or perhaps more money towards conservation – political turmoil unraveled. The reason? Suspicious votes from abroad, and a fair few from that sinister country RUSSIA!

Megan Hubscher, a spokesperson for Forest & Bird, is concerned: “People are coming up with all kinds of theories about Russian involvement in New Zealand elections. But we can assure everyone that everything seems above board this time around.” But this seemingly innocent competition attracts controversy. Over the past 14 years, various voting scandals have caused a flap. Last year, a large black-and-white cormorant bird gained hundreds of suspicious votes – perhaps because of its common name: ‘the shag’! (Yes you laughed) In 2017, vote-fixing claims came flooding in after 112 new email accounts had been set up to cast votes for a certain bird, and two years previously, two teenagers were caught setting up fake accounts to vote for the delightful kokako. Whoever thought political bird-fighting was such a thing?

Fast forward to 2019, and Forest & Bird is responding with Pentagon-level protection in response to hacking and fake voting. Results this week saw ballots from almost 100 countries, with hundreds of votes from nearby Australia (684), America (563), the UK (682) and, of course… Russia (with 335 votes, obviously from Kremlin spies. Thank you very much, and spasibo).

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JFK to James Tobin: “Is there any economic limit to the size of the debt in relation to national income? There isn’t, is there? … That’s right, isn’t it? The deficit can be any size, the debt can be any size, provided they don’t cause inflation. Everything else is just talk”

 

 

 

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Nov 122019
 


Pablo Picasso Still life with fruit basket 1942

 

Schiff Witness Vindman Testified He Advised Ukrainians to Ignore Trump (GP)
Gabbard Lawyers Demand Retraction Of Clinton’s Russia ‘Defamation’ (Hill)
Alexander Downer: Australia Should Reduce UK Intel Sharing If Corbyn Wins (G.)
Bolivian Coup Comes Less Than a Week After Morales Stopped Lithium Deal (CD)
Russia Accuses Bolivian Opposition Of Unleashing Wave Of Violence (R.)
Correa: Morales Was Forced Out In ‘Coup’, OAS Is ‘A US Instrument’ (RT)
Death Throes of a Party (Kunstler)
White Helmets ‘MI-6 Co-Founder’ Found Dead In Turkey
US Northeast ‘Siberian Express’ Arctic Blast Could Break 200 Records (Ind.)

 

 

As I write this there are many helicopters flying overhead because Xi Jinping is visiting the Akropolis Museum. And of course half the city center is closed.

And really, Vindman told Ukraine to not do what Trump wanted? Do we call that treason or is there a better word? Read the whole article.

Schiff Witness Vindman Testified He Advised Ukrainians to Ignore Trump (GP)

Adam Schiff’s star witness Alexander Vindman testified to the House Intel Committee that he “thought” the President was wrong in his policy with Ukraine. So he later told Ukrainians to ignore the President. Alexander Vindman’s testimony was recently released and it shows an ignorant underling in the NSC who believed the President’s policy in the Ukraine was flawed and because of this Vindman notified a group of ‘Ukrainians’ to ignore the President’s requests. The Conservative Treehouse reported on the release and highlighted some interesting pieces from the testimony. Apparently in his opening remarks young Vindman stated that he believed the President ‘demanded’ something from the Ukrainians. Representative Ratcliff destroyed him on this assertion –


Ratcliffe challenges Vindman to find in the President’s transcript of the call where the President ‘demanded’ anything from the Ukrainian President – Vindman could not name anywhere in the transcript where the President demanded anything and that it was all what Vindman perceived and not based on the law or others interpretations of the meeting. Vindman had concerns about the President’s policy (who is he?) – Congressman Ratcliffe next destroyed the witness Vindman pointing out how Vindman told Ukrainian officials (not detailed in the discussion) to ignore President Trump – a blatant crime committed by the underling –

Read more …

This has the potential to get really amusing.

Gabbard Lawyers Demand Retraction Of Clinton’s Russia ‘Defamation’ (Hill)

Lawyers representing Rep. Tulsi Gabbard (D-Hawaii) on Monday called on Hillary Clinton to retract her comments alleging that the 2020 presidential candidate was a favorite candidate of the Russians, accusing the 2016 Democratic nominee of defamation. “Your statement is defamatory, and we demand that you retract it immediately,” Gabbard’s lawyer wrote in a letter, demanding that Clinton verbally retract the comments and post the retraction on Twitter. Clinton made the remarks last month on the “Campaign HQ” podcast. “She’s the favorite of the Russians. They have a bunch of sites and bots and other ways of supporting her, so far,” Clinton said, without referring to Gabbard by name.

Clinton also said “they” are grooming Gabbard to run as a third-party candidate against the eventual Democratic nominee. A Clinton spokesman later said the former secretary of State had been referring to Republicans with the grooming comment. “It appears you may now be claiming that this statement is about Republicans (not Russians) grooming Gabbard,” Gabbard’s lawyer wrote in the letter. “But this makes no sense in light of what you actually said. After you made the statement linking Congresswoman Gabbard to the Russians, you (through your spokesman) doubled down on it with the Russian nesting dolls remark.”


Gabbard has consistently denied she is interested in a third-party White House bid. The congresswoman has faced repeated criticism for some of her foreign policy views, particularly about American military involvement in Syria.

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Well, well, look what the cat dragged in. Next up is Joseph Mifsud?

Alexander Downer: Australia Should Reduce UK Intel Sharing If Corbyn Wins (G.)

Australia’s former top diplomat in the United Kingdom, Alexander Downer, has intervened in the British election contest, declaring the Morrison government would need to “substantially reduce” intelligence sharing with London in the event Jeremy Corbyn wins on 12 December. In an excoriating assessment of the Labour leader at the National Press Club in Canberra, Downer contended that a Corbyn victory would imperil substantial Australian investments in Britain, and would trigger a reassessment of the “very intimate” security relationship between Canberra and London. Downer is a former leader of the Liberal party in Australia, and was foreign affairs minister in the Howard government for more than a decade. He was appointed after his retirement from politics as high commissioner in London by the Liberal government in Canberra.

[..] Downer’s appearance at Canberra’s National Press Club on Tuesday was billed as a situation report on Brexit, but the former diplomat and foreign affairs minister faced sustained questioning about his participation in the Barr inquiry in the United States. Donald Trump has established the Barr inquiry to discredit the Mueller investigation. The Mueller investigation began after Downer was allegedly told by George Papadopoulos, then a Trump campaign aide, that Russia had obtained damaging information about Hillary Clinton from her emails.


Downer then informed US authorities, which has led to accusations from Trump allies, such as the Senate judiciary committee chairman, Lindsey Graham, about the then high commissioner’s “directed” role in relaying information to US authorities about the Clinton emails. Australia has rejected those accusations. Downer refused to give direct answers to questions about the level of his participation in the Barr inquiry, or whether he now regretted his conversation in a London wine bar with Papadopoulos. He said he did not want to “play into the toxic politics of America” or disrupt the orderly business of the inquiry by providing commentary, although he signalled without saying so directly that he had been interviewed, and was “fully cooperating with the Australian government”.

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Morales had been talking about using the lithium reserves for the Bolivian people for much longer. Word has it that his plane is stuck in Paraguay because countries refuse to allow it in their airspace.

Bolivian Coup Comes Less Than a Week After Morales Stopped Lithium Deal (CD)

The Sunday military coup in Bolivia has put in place a government which appears likely to reverse a decision by just-resigned President Evo Morales to cancel an agreement with a German company for developing lithium deposits in the Latin American country for batteries like those in electric cars. “Bolivia’s lithium belongs to the Bolivian people,” tweeted Washington Monthly contributor David Atkins. “Not to multinational corporate cabals.” The coup, which on Sunday resulted in Morales resigning and going into hiding, was the result of days of protests from right-wing elements angry at the leftist Morales government. Sen. Jeanine Añez, of the center-right party Democratic Unity, is currently the interim president in the unstable post-coup government in advance of elections.

Investment analyst publisher Argus urged investors to keep an eye on the developing situation and noted that gas and oil production from foreign companies in Bolivia had remained steady. The Morales move on Nov. 4 to cancel the December 2018 agreement with Germany’s ACI Systems Alemania (ACISA) came after weeks of protests from residents of the Potosí area. The region has 50% to 70% of the world’s lithium reserves in the Salar de Uyuni salt flats. Among other clients, ACISA provides batteries to Tesla; Tesla’s stock rose Monday after the weekend. As Bloomberg News noted in 2018, that has set the country up to be incredibly important in the next decade:


“Demand for lithium is expected to more than double by 2025. The soft, light mineral is mined mainly in Australia, Chile, and Argentina. Bolivia has plenty—9 million tons that have never been mined commercially, the second-largest amount in the world—but until now there’s been no practical way to mine and sell it.” Morales’ cancellation of the ACISA deal opened the door to either a renegotiation of the agreement with terms delivering more of the profits to the area’s population or the outright nationalization of the Bolivian lithium extraction industry. As Telesur reported in June, the Morales government announced at the time it was “determined to industrialize Bolivia and has invested huge amounts to ensure that lithium is processed within the country to export it only in value-added form, such as in batteries.”

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Russia’s too quiet lately, on South America and in Syria.

Russia Accuses Bolivian Opposition Of Unleashing Wave Of Violence (R.)

Russia on Monday accused Bolivia’s opposition of unleashing a wave of violence in the South American nation and said it looked like a government push for dialogue had been swept aside by an orchestrated coup. Bolivian President Evo Morales said on Sunday he was resigning to ease violence that has gripped Bolivia since a disputed election, but he stoked fears of more unrest by saying he was the victim of a “coup” and faced arrest. Russia’s foreign ministry said in a statement it was alarmed by the events and called on all political forces to show common sense and to act responsibly.

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The coup against Correa was way more subtle: his deputy Lenin Moreno did the deed.

Correa: Morales Was Forced Out In ‘Coup’, OAS Is ‘A US Instrument’ (RT)

Former leader of Ecuador Rafael Correa said the resignation of Bolivian President Evo Morales was the result of a coup d’etat and that events could have ended in worse violence, if the socialist leader had not resigned. “Of course there was a coup d’etat,” Correa told RT Spanish in an exclusive interview on Monday, explaining that such an insubordination of the country’s armed forces “cannot exist in a constitutional state of law” or democracy. “If Evo Morales did not resign, there would have been a bloodbath because there was no public order,” he said. Morales resigned on Sunday at the demands of Bolivia’s military chief, following weeks of protests and only hours after he had promised fresh elections. Morales previously proclaimed he had won the October 20 general election with a 10-point lead, a result which was quickly contested by the opposition, who accused him of tampering with the vote.

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“Everybody over twelve in this land knows that his kid Hunter was on the grift in Ukraine, plain and simple, and that Joe assisted in the operation. Color him toast.”

Death Throes of a Party (Kunstler)

Is it possible that Rep. Adam Schiff was hung out to dry by the devious Ms. Pelosi, feeding his vanity to be a one-man impeachment wrecking crew, knowing that the congressman from Hollywood would utterly blow it? Hmmmmm. Begins to look that way as Mr. Schiff’s House Intel Committee goes public this Wednesday with its soviet-style format on full display. Well, first, why? Why allow this nitwit to stage an ersatz impeachment only to see it fail? Perhaps to cancel the Jacobin menace metastasizing in the Democratic Party and get on with the business of winning the 2020 elections — with old-school candidates hand-picked to end-run the gang of fantasists currently on display.

The House Speaker must sniff the odor of failure in the wind. Joe Biden, smiling cretinously, blunders through the primary venues with a big red “L” plastered on his forehead, often uncertain of what state he’s landed in, or what direction to face the camera. Everybody over twelve in this land knows that his kid Hunter was on the grift in Ukraine, plain and simple, and that Joe assisted in the operation. Color him toast. Elizabeth Warren has been caught lying very publicly twice now, first as a phony Cherokee Indian (for career advancement in academia), and lately claiming falsely that she was canned from a teaching job years ago for being pregnant (with a 2007 tape of her out telling a contradictory story). Of course, that’s just the cherry-on-top of her dazzlingly unsound policy proposals to bankrupt the nation. Doesn’t look like she can reel it all back in and pretend to be a credible person in time for a full-on campaign.


[..] Which brings us back to Rep. Adam Schiff and his monkeyshines in the star chamber of his personal devising. Now that the show goes public, will he haul many of the same characters back into the witness chair to spin out his engineered narrative, without any cross examination allowed, or other felicities of due process? Someone ought to advise him that playing the Robespierre role tends toward an unhappy ending for the player. Especially when Mr. Jordan of Ohio, newly-seated on the Intel Committee, starts barking out points-of-order. I’m even half-wondering if Mr. Durham, the federal attorney, has not already measured up bills of indictment for Mr. Schiff himself, for the phony CIA agent “whistleblower” Eric Ciaramella, the pre-wired IC Inspector General Michael Atkinson, US chargé d’affaires for Ukraine Bill Taylor, and the spectacularly seditious Colonel Vindman, whose antics stand out in this latest coup attempt against the elected president. And then what kind of bag does that leave Ms. Pelosi holding?

Read more …

There have been dozens of changes made to his Wikipedia page in the past day.

White Helmets ‘MI-6 Co-Founder’ Found Dead In Turkey (ZH)

The White Helmets, a roughly 3,000 member NGO formally known as the Syrian Civil Defense, was established in Turkey in “late 2012 – early 2013” Le Mesurier trained an initial group of 20 Syrians. The group then received funding from Le Mesurier’s Netherlands-based non-profit group, Mayday Rescue – which is in turn funded by grants from the Dutch, British, Danish and German governments. According to reporter and author Max Blumenthal, the White Helmets received at least $55 million from the British Foreign Office and $23 million from the Agency for International Development. They have also received millions from Qatar, which has backed several extremist groups in Syria including Al Qaeda.

The US has provided at least $32 million to the group – around 1/3 of their total funding – through a USAID scheme orchestrated by the Obama State Department and routed overseas using a Washington D.C. contractor participating in USAID’s Syria regional program, Chemonics. According to their website, the White Helmets have been directly funded by Mayday Rescue, and a company called Chemonics, since 2014. Yet there’s evidence that both of those organizations started supporting the White Helmets back in early 2013, right around the time the White Helmets claim to have formed as self-organized groups. Mayday Rescue, as we said, is funded by the Dutch, British, Danish and German governments. And Chemonics?


They are a Washington, D.C. based contractor that was awarded $128.5 million in January 2013 to support “a peaceful transition to a democratic and stable Syria” as part of USAID’s Syria regional program. At least $32 million has been given directly to the White Helmets as of February 2018. -TruthInMedia Notably, the Trump administration cut US funding to the White Helmets last May, placing them under “active review.” While the White Helmets tout themselves as ‘first responders’, the group has been accused of staging multiple chemical attacks – including an April 7 incident in Duma, Syria which the White House used as a pretext to bomb Syrian government facilities and bases.

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See? Siberia!!! It’s the Russians again.

US Northeast ‘Siberian Express’ Arctic Blast Could Break 200 Records (Ind.)

An Arctic blast sweeping across the eastern United States was expected to bring below-freezing temperatures and as many as 200 record lows throughout the week, according to the National Weather Service. The unusually cold air mass came from Siberia — a phenomenon called “Siberian Express” — and was predicted to bring historic low temperatures from the Great Plains to the Gulf Coast beginning on Monday and lasting until Wednesday night. The cold front rolled through the upper Midwest on Sunday before heading south towards Texas, where forecasters said temperatures nearly 30 degrees Fahrenheit (17 degrees Celsius) below typical November averages would be felt beginning on Tuesday morning.


[..] The weather service’s Weather Prediction Centre tweeted on Monday morning that the nation’s cold spot was located in Malta, Montana, where the temperature sat at -24 degrees Fahrenheit (-31 degrees Celsius). The centre said earlier that 148 daily record lows were forecast “to be broken, tied, or come within 1 degree between Tuesday and Thursday this week,” while National Weather Service meteorologist Kevin Donofrio told the Associated Press that some 200 records may be broken this week nationwide. The January-like temperatures are far from common at this time of year in the southeastern US, though it’s not the first time a Siberian Express brought historic lows to the country. The term was reportedly first coined during the January 1982 cold front with air from Siberian origins, which brought record-lows to many parts of the country.

Read more …

 

Watch this interview and replace every mention of “Jamie Dimon” with “Al Capone” and it works perfectly.

 

 

 

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Nov 112019
 
 November 11, 2019  Posted by at 9:52 am Finance Tagged with: , , , , , , , , ,  19 Responses »


Dorothea Lange Negro woman carrying shoes home from church Mississippi Delta July 1936

 

Bolivian President Morales Calls New ‘General Elections’ (RT)
Bolivian President Morales Announces His Resignation (RT)
Mexico Says It Would Offer Asylum To Bolivia’s Morales If He Sought It (R.)
Niki Haley: Tillerson, Kelly Tried To Get Me To Undermine Trump (Hill)
Is Pelosi Saving Trump By Shaping Impeachment To Fail In The Senate? (Turley)
Alan Dershowitz: Congress Is Trying To ‘Create Crimes Out Of Nothing’ (Hill)
Asian Shares A Sea Of Red As Hong Kong Chaos Hits Sentiment (R.)
UK One Of Worst-Performing Economies In World Since 2017 (Ind.)

 

 

The US/CIA has conducted yet another coup in Latin America. Brazil (Lula), Ecuador (Correa) and now Bolivia. More will follow. Good luck trying to find even one US news outlet that’s critical of this one.

I left in this article, issued before he “resigned” with a gun to his head, because it includes the role of the OAS.

Note: In Bolivia, there are two counts: the “quick” count and the “official” count. Because much of the country is rural and/or mountainous, it can take a long time to count the votes. Hence the quick count: so the press have something to report, and there’s some initial idea of the result. A candidate needs either 50% of the vote or a minimum 10% lead from no. 2 to win in round 1. Morales has a lot of support in rural areas. But these are underrepresented in the “quick count”. So it looked like he didn’t have the 10%+ lead from no. 2. When the official count began to show that he did, opponents cried Fraud! The ultimate result was in line with pre-vote polls, but the damage had been done. The OAS has seen its opening and gone for it.

“..the OAS, which is based in Washington, has grown into a bloc focused on adhering to US policies rather than representing South American nations.”

Bolivian President Morales Calls New ‘General Elections’ (RT)

Bolivian leader Evo Morales promised to hold a new election in order to uphold peace and security across the country after the Organization of American States (OAS) mission failed to confirm his win last month. “I made a decision… to call for a new general election that would allow people to democratically choose the authorities,” Morales announced on Sunday. The plebiscite is set to include a new round of voting for the president, the vice president, and the members of both chambers of Parliament. In his address, Morales also promised to completely replace the members of the nation’s election commission.

Earlier on Sunday, OAS issued a preliminary report, saying it is “statistically unlikely” that Morales secured a 10-percent lead, required to avoid a runoff vote. The auditors claimed to have found security flaws in voting software and traces of “clear manipulation” of the vote-tallying system. Therefore, having been unable to validate the results, the mission recommended holding a new round of elections in the country. Morales requested the audit after doubt was cast on him winning a fourth consecutive term as leader of Bolivia on October 20.

[..] Morales criticized the role of the OAS in South American politics in the past, calling it “the spokesman agency for US interests” and “an overseer of the empire.” He also accused its chief, Luis Almagro, of inciting violence in Venezuela and encouraging a foreign intervention in that country. Argentina’s president-elect, Alberto Fernandez, voiced similar thoughts on former leader of Ecuador Rafael Correa’s show ‘Conversation with Correa’ on RT Spanish. He argued that the OAS, which is based in Washington, has grown into a bloc focused on adhering to US policies rather than representing South American nations.

Read more …

“I resign so that Mesa and Camacho do not continue to persecute, kidnap and mistreat my ministers, union leaders and their families and so that they do not continue to harm merchants, guilds, independent professionals and transporters who have the right to work.”

Bolivian President Morales Announces His Resignation (RT)

Bolivian President Evo Morales resigned shortly after the military urged him to do so. Two officials next in line to take over the government also stepped down following weeks of protests. “I resign from my position as president so that (Carlos) Mesa and (Luis Fernando) Camacho do not continue to persecute socialist leaders,” Morales said during a televised address, mentioning the leaders of the opposition. Morales said he decided to step down in hopes that his departure would stop the spate of violent attacks against officials and indigenous people, “so that they [protesters] do not continue burning the houses [of public officials]” and “kidnapping and mistreating” families of indigenous leaders.

“It is my obligation, as the first indigenous president and president of all Bolivians, to seek this pacification,” he said, adding that he hopes the opposition will “understand the message.” Shortly after the announcement, his vice president, Alvaro Marcelo García Linera, also submitted his resignation. The next person in line to take over the government, the president of the Senate, Adriana Salvatierra, resigned soon afterwards. [..] The opposition urged Morales to resign despite his promise to hold a new election. While he briefly resisted the calls, branding them “unconstitutional” and an “attempted coup,” he eventually gave in after the military joined in the chorus.

Shortly before Morales announced his resignation, Bolivian TV channels aired footage of what they say was a presidential plane departing from El Alto International Airport. It was reported that the plane took Morales to his political stronghold of Chimoré in the Department of Cochabamba, 300 kilometers (186 miles) east of La Paz, where he launched his re-election bid in May.

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Will Morales take the offer and leave his people alone?

Mexico Says It Would Offer Asylum To Bolivia’s Morales If He Sought It (R.)

Mexican Foreign Minister Marcelo Ebrard said on Sunday that the country would offer asylum to outgoing Bolivian President Evo Morales if he sought it, in a sign of Mexico’s new prominence among left-leaning governments in Latin America. Led by Mexican President Andres Manuel Lopez Obrador, the government delivered a strong defense of Morales, who said on Sunday that he would resign after the country was rocked by protests over a disputed election and the military called on him to step down. “We recognize the responsible attitude of the president of Bolivia, Evo Morales, who preferred to resign rather than to expose his people to violence,” Lopez Obrador wrote on Twitter, adding that the Mexican government would explain its views in more detail on Monday.


Mexico was among the first countries to congratulate Morales after his victory in late October, despite questions surrounding the results. Latin American countries have oscillated over the past few decades between left-wing and conservative governments, often with radically different economic and social policies. Since last year, anger at corruption, inequality and poverty have pushed conservatives out of office in Mexico and Argentina, while fueling protests in recent weeks that forced Ecuador and Chile to water down economic policies. Mexico has a long history of giving refuge to left-wing exiles fleeing military rule and repression in the region, a history that Ebrard nodded to on Sunday.

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Not surprising in any form. Except perhaps that they thought she would comply. Not a fan of Haley, but her position has always seemed clear.

Niki Haley: Tillerson, Kelly Tried To Get Me To Undermine Trump (Hill)

Former U.S. Ambassador to the United Nations Nikki Haley claims two of President Trump’s former senior advisers tried to get her to undermine him to “save the country,” The Washington Post reported Sunday, citing Haley’s upcoming memoir and an interview with her. According to the newspaper, Haley said former Secretary of State Rex Tillerson and former White House chief of staff John Kelly would try to get her to work around the president. “Kelly and Tillerson confided in me that when they resisted the president, they weren’t being insubordinate, they were trying to save the country,” Haley wrote, according to the Post.

“It was their decisions, not the president’s, that were in the best interests of America, they said. The president didn’t know what he was doing,” she continued. In one portion of the book, Haley reportedly recalls a disagreement with Tillerson and Kelly during an Oval Office meeting over her suggestion that the United States should withhold funding for a U.N. agency that supports Palestinians. She said she had the backing of Trump’s Mideast envoys, according to the Post. Kelly and Tillerson, however, argued that cutting aid could lead to violence and greater threats to Israel, as well as reduced U.S. influence, Haley reportedly wrote.

Kelly, she added, later responded to Haley in his office: “I have four secretaries of state: you, H.R., Jared, and Rex. I only need one,” she wrote, referring to Jared Kushner and then-national security adviser H.R. McMaster. “I was so shocked I didn’t say anything going home because I just couldn’t get my arms around the fact that here you have two key people in an administration undermining the president,” Haley told the Post. She also wrote that Kelly stalled when Haley requested a meeting with Trump and said the former chief of staff complained when she went around him to do so, according to the Post.

Read more …

Jonathan Turley has an interesting take, that Pelosi “wants Trump mortally wounded but still alive in 2020..”

Is Pelosi Saving Trump By Shaping Impeachment To Fail In The Senate? (Turley)

Trump, [..] may have a curious ally in House Speaker Nancy Pelosi. When she held a press conference to announce the impeachment inquiry, some of us expressed doubt that she had dropped her opposition to it. Since then, every move she has made strongly supports suspicions that Pelosi is less of a convert than a collaborator in the House impeachment effort. While Trump aides such as Rudy Giuliani have now caused untold damage to the White House position, Pelosi repeatedly has intervened to steer impeachment efforts into either a wall or, more recently, over a cliff. For three years, Pelosi has been widely credited with slowing down the impeachment efforts despite many of her fellow Democrats campaigning on an impeachment pledge in 2018.

Pelosi has struggled to maintain the appearance of wanting to impeach the president while preventing any meaningful steps toward actual impeachment. She wants Trump mortally wounded but still alive in 2020. Moreover, she understood the Russia investigation was not producing clear criminal or impeachable conduct. Indeed, earlier this year, I wrote a column exploring whether the real scandal was not likely Russian but Ukrainian in its origins. I noted that various Trump figures, along with Democrats including Hunter Biden, were involved in suspect dealings in Ukraine. The investigation by former special counsel Robert Mueller found no conspiracy or collusion with the Russians. The Justice Department correctly rejected obstruction. Pelosi moved to put impeachment to bed, saying she would not accept one that was not based on articles with “overwhelming and bipartisan” support.

Everything was going according to plan, until Trump called the Ukrainian president. The danger of pretending that you want to impeach Trump is that you may accidentally stumble over a potentially impeachable offense. Moreover, with a whistleblower complaint, Pelosi lost all her control. The Democratic base was simply not going to accept another bait and switch. So Pelosi was forced to hold her bizarre press conference to announce that an impeachment inquiry would begin in the House, despite other Democrats declaring for weeks that they already were conducting such an inquiry. Despite her recent pledge, she pushed through an impeachment vote with no support from Republicans, and the country divided right down the middle on the issue.

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As I said the other day with regards to John Solomon, the Hill appears to have made a move away from Trump. They do still let Turley and Dershowitz talk.

Alan Dershowitz: Congress Is Trying To ‘Create Crimes Out Of Nothing’ (Hill)

Attorney Alan Dershowitz warned that Americans should be “frightened” of the House’s impeachment investigation, accusing Democrats of trying to “create crimes out of nothing.” “Whether you’re from New York or the middle of the country, you should be frightened by efforts to try to create crimes out of nothing,” Dershowitz said Sunday on John Catsimatidis’ radio show. “Well, I spent the afternoon yesterday searching the federal criminal statutes from beginning to end. I couldn’t find the crime.” The House’s impeachment inquiry was launched in September amid Democratic concerns that Trump leveraged $400 million in military aid to pressure Zelensky to publicly open an investigation on unfounded corruption allegations against former Vice President Joe Biden, a top political rival.


The White House has repeatedly blasted the House investigation as a “witch hunt” and decrying Democrats’ efforts as “unhinged” last week after they voted to formalize the inquiry. “First they made up collusion… I searched the statute books. There’s no crime of collusion… with a foreign country. After that, they said obstruction of Congress,” Dershowitz said. “In a desperate effort to try to find crimes [committed by] President Trump, they’re just making it up. And that means we are all in danger.”

Read more …

Hong Kong police have started shooting protesters with live ammo, so let’s talk stocks. So people know we have our priorities straight.

Asian Shares A Sea Of Red As Hong Kong Chaos Hits Sentiment (R.)

Asian shares a sea of red as Hong Kong chaos hits sentiment. Asian shares sank on Monday, the safe haven yen rose and gold jumped following a fresh escalation of violence in Hong Kong while uncertainty still remained over whether the United States and China could end their damaging trade war. Hong Kong’s Hang Seng index .HSI led the losses in Asia, down 2.4%, after police fired live rounds at protestors on the eastern side of Hong Kong island. Cable TV and other Hong Kong media reported at least one protester being wounded. Video footage showed a protester lying in a pool of blood.


[..] “The China-U.S. trade war and the Hong Kong protest are combining to cast a negative pall on Asian markets today,” said James McGlew, analyst at stockbroking firm Argonaut. “Hong Kong protests have been dragging on for a while and the view from the financial world is that it’s really starting to bite now. The further this drags on it’s certainly going to be very negative.”

Read more …

“When Britain needed to invest, they chose corporate tax cuts. And when Britain needed to rebuild, they chose more austerity.”

UK One Of Worst-Performing Economies In World Since 2017 (Ind.)

The UK is one of the worst-performing developed economies in the world since the last general election in 2017, new analysis has shown. Annual growth has come in at just 1.3 per cent – less than half the average of 2.7 per cent among members of the Organisation for Economic Cooperation and Development (OECD), a club of wealthy nations. That put the UK 31st out of 35 OECD nations in the period since Theresa May unexpectedly lost the Conservatives’ parliamentary majority. Almost every OECD nation has outperformed the UK on exports and levels of investment, which have slowed markedly as a result of uncertainty surrounding Brexit.


The Trades Union Congress (TUC), which compiled the figures, said a decade of austerity, Brexit mismanagement and a fragile global economy had caused a slump in business confidence. Frances O’Grady, the TUC general secretary, said: “The UK economy has fallen into the relegation zone – and you have to blame the manager. The current government is leaving the economy in a dismal state. “When Britain needed to invest, they chose corporate tax cuts. And when Britain needed to rebuild, they chose more austerity.”

Read more …

 

The UK has an Editors Code of Practice.

 

 

 

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Jun 182018
 
 June 18, 2018  Posted by at 8:15 am Finance Tagged with: , , , , , , , , , , , ,  16 Responses »


Paul Klee Pflanze und Fenster Stillleben 1927

 

The US Should Break The German Lock On The European Economy (CNBC)
Merkel Gets Extra Time To Reach Deal With EU Over Asylum Row (G.)
Eurozone Braces For Row With Greece Over Bailout Exit Terms (G.)
The Bigger Cryptocurrencies Get, The Worse They Perform: BIS (R.)
May’s NHS ‘Brexit Dividend’ Claim Draws Scepticism And Doubt (G.)
FARC Peace Deal At Risk As Conservative Duque Wins Colombia Presidency (AFP)
Bolivia’s Morales Condemns US Intervention in Venezuela, Latin America (TSur)
Russia-Syria Warnings of Coming False-Flag Attack Have Ring of Truth (MPN)
Refugee Camps Reopening On Greek Mainland (K.)
Scientists Scramble To Stop Bananas Being Killed Off (G.)
Losing The Buzz (ODT)
Where Have All Our Insects Gone? (G.)
Bringing Julian Assange Home (John Pilger)

 

 

There’s a thought.

The US Should Break The German Lock On The European Economy (CNBC)

Germany may only account for 3.4% of the world economy, but it is more than a quarter of the European Union’s demand and output. The EU, in turn, is close to 20% of the world economy, and, based on last year’s numbers, it takes $283.5 billion of U.S. exports, or 18.3% of America’s total goods sold overseas. What the U.S. sells to the EU is more than 40% of all the goods America exports to China and Japan. That shows that the damage caused to the U.S. economy transcends, by far, Germany’s surplus of $64.2 billion on American trades in 2017. Imagine, for example, what would happen to the EU economy, to the rest of the world — and to U.S. export sales in general — if Germany were not living off its fellow Europeans with a massive €164.4 billion trade surplus.

That German surplus is stifling the economic growth in the rest of Europe, because it is a deficit for countries trading with Germany. You can think of those €164.4 billion as a large wealth transfer to Germany. Indeed, it is a structural foundation of Germany’s export-driven economy, where sales to the rest of the world account for nearly a half of German GDP (compared with 14% in the U.S. case). What Europe, the U.S. and the rest of the world need here is a radical change of German economic policies. Germany should be generating more growth from domestic demand to give an opportunity to its trade partners to sell more of their goods and services on German markets. That would boost intra-European growth and create opportunities for more American sales to Europe — its largest overseas customer.

There is nothing new here. It’s a very old story Germans don’t even want to talk about. And why should they? France is meekly taking it on the chin with annual deficits of 36 to 41 billion euros on its German trades, and the rest of Europe does not dare question what it wrongly sees as a virtuously strong German economy.

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There will be no such deal. Not a comprehensive one.

Merkel Gets Extra Time To Reach Deal With EU Over Asylum Row (G.)

Germany’s interior minister, Horst Seehofer, has signalled he is open to giving Angela Merkel more time to reach a deal with Germany’s EU partners over an asylum row that has threatened to bring down her government. As the German chancellor met leaders of her Christian Democratic Union (CDU) on Sunday in an attempt to divert the collapse of her fledgling administration, Seehofer emerged from emergency talks with his Christian Social Union (CSU) saying he had no intention of toppling Merkel. Seehofer wants police stationed at borders to turn back refugees and migrants arriving from other EU countries but signalled he would give Merkel two weeks’ grace to reach migration agreements with EU partners.

“No one in the CSU is interested in bringing the chancellor down, or dissolving the CDU/CSU parliamentary partnership or destroying the coalition,” Seehofer told the Bild am Sonntag newspaper, adding that he did not want the asylum row to endanger the coalition government, which is less than 100 days old. Seehofer said his party was keen to find a way to limit the number of asylum seekers arriving in Germany. “We finally want to have a solution for the return of refugees at our borders which is fit for the future,” he added. But he was quoted in the Welt am Sonntag as having voiced his scepticism about the future of the CDU/CSU alliance in a meeting of the CSU’s leadership. “I cannot work with this woman any more,” he was quoted as saying.

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A row with the IMF, you mean.

Eurozone Braces For Row With Greece Over Bailout Exit Terms (G.)

Eurozone finance ministers are braced for a row this week with the Greek government over the terms of a “golden goodbye” as the country prepares to exit its third bailout programme. Concerns that Greece will suffer a fourth financial collapse unless an agreement is signed with the EU to write off some of its debt mountain are likely to surface before a showdown in Brussels on Thursday. The IMF, which has lent Greece several billion euros and has taken part in a tripartite monitoring of reforms with the European commission and ECB, is expected to pull out of the arrangement unless Brussels reduces Greece’s debt burden. Without the IMF on board, Germany and other hardline countries such as Finland and Austria could demand stricter clauses in the reform programme due to be imposed on Greece as the price of its final bailout payoff.

“Everyone has an interest to alleviating the burden, for Greece and the rest of the creditors,” said Olivier Bailly, the chief adviser to the EU’s finance commissioner, Pierre Moscovici. “If we leave too much burden, this will slow down Greece’s recovery.” He played down the impact of the IMF pulling out of the first stage of surveillance that will last until at least 2022. “What is important is that the IMF give its view on debt measures. What the markets expect is that it says they are credible enough,” he said, admitting that the lack of involvement by the Washington-based lender of last resort puts pressure on Germany. Finance ministers from the 19-member currency bloc will meet on Thursday to agree a package of measures that will include a final loan payment of between €10bn and €12bn and a cash buffer of up to €20bn. The payments are due to be the last of the €86bn bailout agreed in 2015.

[..] Hans Vijlbrief, the top EU official advising eurogroup ministers, said: “It’s very important that Greece can stand on its own feet. If it’s not credible, we won’t come out. This is the first condition.” The Eurogroup is seeking to reduce Greek debt payments by extending loans until beyond 2040 and reducing the interest rate to near 1%, well below the rate Greece would need to pay international investors. The IMF, however, has insisted that reducing the overall debt mountain from the outset is the only way to stabilise Athens’ public finances. Vijlbrief said the EU charter prevented the Eurogroup from offering debt write-offs, but this assertion has never been tested and is still the basis for IMF involvement in the next stage of Greece’s recovery.

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The bank of banks feels threatened.

The Bigger Cryptocurrencies Get, The Worse They Perform: BIS (R.)

Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies. For any form of money to work across large networks it requires trust in the stability of its value and in its ability to scale efficiently, the BIS, an umbrella group for the world’s central banks, said in its annual report. But trust can disappear instantly because of the fragility of the decentralized networks on which cryptocurrencies depend, the BIS said.

Those networks are also prone to congestion the bigger they become, according to the BIS, which noted the high transaction fees of the best-known digital currency, bitcoin, and the limited number of transactions per second they can handle. “Trust can evaporate at any time because of the fragility of the decentralised consensus through which transactions are recorded,” the Switzerland-based group said in its report. “Not only does this call into question the finality of individual payments, it also means that a cryptocurrency can simply stop functioning, resulting in a complete loss of value.”

The BIS’ head of research, Hyun Song Shin, said sovereign money had value because it had users, but many people holding cryptocurrencies did so often purely for speculative purposes. “Without users, it would simply be a worthless token. That’s true whether it’s a piece of paper with a face on it, or a digital token,” he said, comparing virtual coins to baseball cards or Tamagotchi. [..] Agustin Carstens, general manager of the BIS, has described bitcoin as “a combination of a bubble, a Ponzi scheme and an environmental disaster”.

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The claim is so out there it’s funny.

May’s NHS ‘Brexit Dividend’ Claim Draws Scepticism And Doubt (G.)

Theresa May’s promise of £400m extra in weekly NHS spending within five years has been overshadowed by scepticism among experts and her own backbenchers over her claim it can be financed through a windfall delivered by Brexit. Ahead of a major speech by the prime minister in which she will pledge a £20bn annual real-terms NHS funding increase by 2023-24, May was ridiculed for arguing that some of the money would come from a so-called Brexit dividend. “At the moment, as a member of the European Union, every year we spend significant amounts of money on our subscription, if you like, to the EU,” she said in an interview on BBC One’s Andrew Marr show.

“When we leave we won’t be doing that. It’s right that we use that money to spend on our priorities, and the NHS is our number-one priority.” The Institute for Fiscal Studies (IFS) said, however, that even the government had accepted the idea of an immediate post-Brexit boost to coffers would not happen. The decision to announce extra spending for the NHS and to frame it specifically as a benefit of leaving the EU has been widely seen as a sop by May to hardline Brexiters in her cabinet and on the Tory backbenches ahead of some potentially crucial votes this week on the EU withdrawal bill.

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Finally there’s peace, and now this. Colombia is set to become a NATO member.

FARC Peace Deal At Risk As Conservative Duque Wins Colombia Presidency (AFP)

Conservative Ivan Duque won Colombia’s presidential election Sunday after a campaign that turned into a referendum on a landmark 2016 peace deal with FARC rebels that he pledged to overhaul. Duque, 41, polled 54 percent to his leftist rival Gustavo Petro’s 42 percent with almost all the votes counted, electoral authority figures showed. Petro, a leftist former mayor and ex-guerrilla, supports the deal. Tensions over the deal became apparent in the immediate aftermath of Duque’s victory, after the president-elect lost no time in pledging “corrections” to the peace deal. “That peace we long for — that demands corrections — will have corrections, so that the victims are the center of the process, to guarantee truth, justice and reparation,” Duque told supporters in his victory speech at his campaign headquarters.

“The time has come to build real change,” Duque said, promising a future for Colombians “of lawfulness, freedom of enterprise and equity,” after decades of conflict. His vanquished opponent Petro promised to resist any fundamental changes to the deal. “Our role is not to be impotent and watch it being destroyed,” he said. FARC, which disarmed and transformed into a political party after the peace deal but did not contest the election, immediately called on Duque to show “good sense” in dealing with the agreement. “What the country demands is an integral peace, which will lead us to the hoped-for reconciliation,” the FARC said in a statement after Duque’s presidential win. The former rebels also called for an early meeting with Duque.

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A US supported coup soon?

Bolivia’s Morales Condemns US Intervention in Venezuela, Latin America (TSur)

Bolivian President Evo Morales said Saturday that Latin America “is no longer the United States’ backyard” while denouncing the United States’ attempt to convince its South American allies to help it orchestrate a military intervention or coup in Venezuela. In an interview with news agency EFE, Morales explained that several Latin American leaders have confided in him that U.S. Vice president Mike Pence is “trying to convince some United States-friendly countries” help them seize control of the South American country and replace the current government led by Nicolas Maduro. The real target, Morales explained, is not the Venezuelan president but “Venezuelan oil, and Venezuelans know that.”

Drawing parallels to 2011 military intervention in Libya, Morales said the U.S. isn’t interested in helping with alleged humanitarian crisis since, despite the current political and social turmoil in Libya, the U.S. will not intervene there since “the country’s oil is now owned by the U.S. and some European oil companies,” Morales asserted. “One military intervention (in the region) would only create another armed conflict,” he added pointing to Colombia’s membership in the North Atlantic Treaty Organization (NATO) as a general sign of an escalation of “military aggression to all Latin America and the Caribbean” region. Morales explained, however, that U.S. interventionism is not only militaristic.

“When there are no military coups, they seek judicial or congressional coups” as in the case of former Brazilian President Dilma Rousseff’s impeachment and the Luiz Inacio Lula da Silva’s imprisonment, which is barring him from running in the upcoming 2018 elections.

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They warned of the last one as well.

Russia-Syria Warnings of Coming False-Flag Attack Have Ring of Truth (MPN)

In recent days, speculation has swirled regarding whether another chemical-weapons attack will soon take place in Syria, as sources in both Syrian intelligence and the Russian military have warned that U.S.-backed forces in the U.S.-occupied region of Deir ez-Zor are planning to stage a chemical weapons attack to be blamed on the Syrian government. Concern that such an event could soon take place has only grown since the U.S. government announcement this past Thursday that the U.S. would provide $6.6 million over the next year to fund the White Helmets, the controversial “humanitarian” group that has been accused of staging “false flag” chemical weapons attacks in the past.

Notably, the White Helmets were largely responsible for staging the recent alleged chlorine gas attack in Eastern Ghouta, which led the United States, the United Kingdom and France to attack Syrian government targets. That same attack in Eastern Ghouta had been predicted weeks prior by the Russian military and Syrian government, who are warning once again that a similar event is likely to occur in coming weeks. An additional and largely overlooked indication that another staged attack could soon take place has been the recent movements of U.S. military assets to the Syrian coast, particularly the deployment of the Harry S. Truman Carrier Strike Group (HSTCSG). As MintPress previously reported, the deployment of the HSTCSG – which consists of some 6,500 sailors — was first announced in April prior to the U.S., France and U.K. bombing of Syria. However, the group did not arrive until after that bombing had taken place.

While the April bombing was called a “one-time shot” by U.S. Secretary of Defense James Mattis, the fact that the Truman strike group’s deployment to the region was not canceled after the bombings occurred led some to suggest that the U.S. may have been anticipating more strikes against Syria’s government in the coming months. Indeed, soon after the U.S.-led bombing of Syria, U.S. Ambassador to the UN, Nikki Haley, declared the U.S. was “locked and loaded” should the Syrian government again be accused of using chemical weapons. Now, amid claims from both the Syrian and Russian governments of another chemical weapons provocation, as well as the U.S.’ renewed funding of the White Helmets, the strike group’s deployment directly off the Syrian coast has only given greater credence to those previously voiced concerns.

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12,000 refugees so far this year.

Refugee Camps Reopening On Greek Mainland (K.)

While European Union countries shut their doors to migrants – Italy and Malta last week refused to allow a rescue ship carrying more than 600 migrants to dock at their ports – Greek authorities are reopening unused camps and facilities across the mainland to accommodate the swelling number of asylum seekers. Following a series of meetings last week, sources told Kathimerini, the Ministry for Migration Policy decided to reopen four camps, first set up at the peak of the refugee crisis in 2015, raising the total number of operational centers to 25. More specifically, tents have been set up again at the Malakasa camp, north of Athens, to house 300 people.

The Vagiochori camp near Thessaloniki, in northern Greece, is also expected to open in the coming days, providing accommodation for 400 individuals. The facility at Elefsina, west of the capital, has been hosting 250 refugees since late April, while another 350 migrants and refugees were transferred to the reception center at Oinofyta, north of Attica. A drop in the migrant population at the Skaramangas refugee center, meanwhile, was reversed after September last year, with the current number estimated at more than 2,000. An average 75 migrants land daily on Greece’s Aegean islands. A total of 12,065 people had entered the country until June 11 this year.

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“..the plant is heavily cloned so if you have a disease that can kill one tree, it can potentially wipe out the entire industry.”

Scientists Scramble To Stop Bananas Being Killed Off (G.)

A British company has joined the race to develop a banana variety resistant to diseases and climatic changes that threaten to disrupt the availability of the country’s favourite fruit – or even kill it off altogether. The UK alone consumes more than 5bn bananas a year, while the fruit is a staple food in many poor countries and accounts for an export industry worth $13bn (£9.8bn) a year. But the global supply chain is threatened by a virulent disease that has been attacking plantations in Australia, south-east Asia and parts of Africa and the Middle East. As experts warn the fungus known as “fusarium wilt”, or Panama disease, could spread to Latin America, from where the majority of bananas are exported, scientists are scrambling to create a more robust variety that could help sustain the crop.

A single type of banana, called the Cavendish, accounts for 99.9% of bananas traded globally. It replaced a tastier variety wiped out by disease in the 1950s. Now researchers at the Norwich-based startup Tropic Biosciences are using gene editing techniques to develop a more resilient version of the Cavendish after securing $10m from investors. The company’s CEO, Gilad Gershno, : “In the developed world we tend to take bananas for granted. A banana found in your local supermarket grown in Costa Rica and shipped to the UK probably costs less than an apple grown 20 miles away. “If you look at the broader consumption on top of exports, the banana industry is worth a massive $30bn a year. However,people have been getting increasingly worried because the plant is heavily cloned so if you have a disease that can kill one tree, it can potentially wipe out the entire industry.”

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“10,000,000,000,000,000,000. 10 quintillion. That equals more than 1500 million insects for every person.”

Losing The Buzz (ODT)

He starts at the beginning, with a black and white photocopy of a pie chart representing the animal kingdom and its various, speciated slices of pie. 80 percent of all known species of animals are insects, he says. You can tell an insect – if you can get it to hold still for long enough – by its six legs, exoskeleton divided into a head, thorax and abdomen and its two waggling antennae. By far the biggest orders of insects are the coleoptera (beetles) and the hymenoptera (wasps, bees and ants), followed by the lepidoptera (butterflies and moths), then diptera (flies and mosquitoes) and, finally, other insects, such as grasshoppers and silverfish. “The total number of individual insects alive worldwide today is …” He writes it out. 10,000,000,000,000,000,000. “… 10 quintillion. That equals more than 1500 million insects for every person.”

[..] The total biomass, that is the total weight of all organisms on earth, is estimated at 545.2 Gt C (gigatons of carbon), the researchers say. More than 80% of this, 452.5Gt C, is plants. Next comes bacteria (16%, 87.2Gt C) and fungi (2%, 10.9 Gt C). Animals make up just 0.4% of the total biomass. The globe’s 7.6 billion people account for just 0.01% of all living things. And yet our impact on the globe has been enormous – some would say catastrophic. According to the Proceedings article, humans are responsible for the possibly irreparable loss of large chunks of the animal and plant kingdoms; more than 80% of all wild animals and half of all plants.

Anthony Harris finds it deeply disturbing. “Farmed poultry now makes up 70% of all birds on the planet, with just 30% wild,” he says with a shocked tone. “The picture for mammals is worse. 60 percent of all mammals on earth are livestock, mostly cattle and pigs, 36% are humans and just 4% of all mammals are wild.’ [..] Without insects, we face total ecological collapse and global famine. It is being called the Sixth Mass Extinction. The Fifth Mass Extinction was the one that killed off the dinosaurs, 66 million years ago. Harvard entomologist Prof E.O. Wilson has estimated that, without insects and other land-based invertebrates, humanity would only last a few months. Land-based plants and animals would be next to go. The planet would fall quiet and still. The last time the earth was like that was 440 million years ago.

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Anyone seen any initiative to stop this?

Where Have All Our Insects Gone? (G.)

Certainly, the statistics are grim. Native ladybird populations are crashing; three quarters of butterfly species – such as the painted lady and the Glanville fritillary – have dropped significantly in numbers; while bees, of which there are more than 250 species in the UK, are also suffering major plunges in populations, with great yellow bumblebees, solitary potter flower bees and other species declining steeply in recent years. Other threatened insects include the New Forest cicada, the tansy beetle and the oil beetle. As for moths, some of the most beautiful visitors to our homes and gardens, the picture is particularly alarming. Apart from the tiger moth, which was once widespread in the UK, the V-moth (Marcaria wauaria) recorded a 99% fall in numbers between 1968 and 2007 and is now threatened with extinction, a fate that has already befallen the orange upperwing, the bordered gothic and the Brighton wainscot in recent years.

An insect Armageddon is under way, say many entomologists, the result of a multiple whammy of environmental impacts: pollution, habitat changes, overuse of pesticides, and global warming. And it is a decline that could have crucial consequences. Our creepy crawlies may have unsettling looks but they lie at the foot of a wildlife food chain that makes them vitally important to the makeup and nature of the countryside. They are “the little things that run the world” according to the distinguished Harvard biologist Edward O Wilson, who once observed: “If all humankind were to disappear, the world would regenerate back to the rich state of equilibrium that existed 10,000 years ago. If insects were to vanish, the environment would collapse into chaos.”

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Beginning and end of a speech by Pilger in Sydney. Tomorrow there are many rallies for Assange, especially in Australia. There is also a UN Human RIghts Commission meeting in Genava.

Bringing Julian Assange Home (John Pilger)

The persecution of Julian Assange must end. Or it will end in tragedy. The Australian government and prime minister Malcolm Turnbull have an historic opportunity to decide which it will be. They can remain silent, for which history will be unforgiving. Or they can act in the interests of justice and humanity and bring this remarkable Australian citizen home. Assange does not ask for special treatment. The government has clear diplomatic and moral obligations to protect Australian citizens abroad from gross injustice: in JulianE’s case, from a gross miscarriage of justice and the extreme danger that await him should he walk out of the Ecuadorean embassy in London unprotected. We know from the Chelsea Manning case what he can expect if a US extradition warrant is successful — a United Nations Special Rapporteur called it torture.

[..] Malcolm Turnbull is now the Prime Minister of Australia. Julian Assange’s father has written to Turnbull. It is a moving letter, in which he has appealed to the prime minister to bring his son home. He refers to the real possibility of a tragedy. I have watched Assange’s health deteriorate in his years of confinement without sunlight. He has had a relentless cough, but is not even allowed safe passage to and from a hospital for an X-ray . Malcolm Turnbull can remain silent. Or he can seize this opportunity and use his government’s diplomatic influence to defend the life of an Australian citizen, whose courageous public service is recognised by countless people across the world. He can bring Julian Assange home.

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