Feb 222021
 
 February 22, 2021  Posted by at 10:22 am Finance Tagged with: , , , , , , , , , ,  23 Responses »


Thomas Abercrombie Beirut 1957

 

Biden’s $1.9-Trillion Big Spend Is A Big Bet On MMT (LAT)
Cuomo Nursing Home Scandal May Rise To Federal Level Of Criminal Offense (Fox)
Scalise Requests Data On NY Nursing Home COVID Deaths (SAC)
More New York Politicians Accuse Cuomo Of Threatening Behavior (F.)
Why Do Democrats Pretend Andrew Cuomo Did a Good Job With COVID? (Slate)
Psaki Declines To Say Whether Biden Still Views Cuomo As ‘Gold Standard’ (JTN)
The Battery of American Power Is Running Flat (SCF)
Boeing 777s Grounded Around World After Denver Engine Failure (R.)
Garland Expected To Become Biden’s AG (Hill)
Vitamin D: Doctors Will Further Erode Trust In Experts (Cook)
Canada To Follow Australia, Take On Facebook, Seek Payment For Content (NYP)
Disney Labels ‘The Muppet Show’ As ‘Offensive Content’ (RT)

 

 

It’s Andrew Cuomo day! Why is he still in office? Well, the Dems want the GOP to go after him, so they don’t have to. Biden won’t have anything to do with this hot potato, until and unless he can squeeze political capital out of it. Among lower level Dems, there are too many that Cuomo has collected dirt on – or that are afraid he did.

This may take a while therefore, everyone’s playing a waiting game. And the press drip-drip new stories about Cuomo every day, without condemning him.

 

 

 

 

 

 

He’ll be the first to deny it.

Biden’s $1.9-Trillion Big Spend Is A Big Bet On MMT (LAT)

As Stephanie Kelton, former chief economist on the Senate Budget Committee, argues in her bestseller “The Deficit Myth,” the country’s real deficits are in healthcare, jobs, infrastructure, education and the climate. But rather than address those things by spending, writes Kelton, the government proceeds in terror of not “balancing the budget,” falsely believing that an unbalanced budget is the source of inflation. “We run around like a six-foot-tall guy who wanders around perpetually hunched over in a house with eight-foot ceilings because someone convinced him that if he tries to stand up tall he’ll suffer a massive head trauma,” she writes. Jason Furman, who served as chairman of the Council of Economic Advisors under President Obama, concurs. “Given low interest rates, the United States actually has even more fiscal room to respond to the crisis today than it did in the financial crisis,” he told me. “We should use that room.”

If the Biden stimulus goes through, and inflation doesn’t skyrocket, the experiment may bear out a new monetary theory. It could be time at last for the nation to stand tall, and unfurl its economy to its full height. Of course, an experiment on such a big scale is unnerving, and Biden is facing substantial criticism for the $1.9-trillion plan. Olivier Blanchard, former chief economist at the IMF, tweeted earlier this month that such a stimulus would not just overheat the economy; it would incinerate it. Former Treasury Secretary Lawrence Summers issued a less hyperbolic warning but he brought up the fear: The policy would need to come with an aggressive fiscal policy to keep “inflationary pressures” at bay.

Kelton doesn’t completely disagree. On Twitter, she pointed out that the modern monetary theory she advocates requires Congress to stop talking about budgets and start talking entirely about mitigating inflation, if it comes, by other monetary policy means. You’re going to hear a lot more kvetching about government spending and, geez, $1.9 trillion. But remember, no one pushing Biden’s plan is trying to pave the way for a big, fat inflationary decade, filled with 1970s malaise, austerity measures and agony at the pump. They’re just willing to bet that a nearly $2-trillion stimulus, if the economy is monitored closely enough, will improve infrastructure, education, climate and healthcare, while making employers eager to find workers, which will push up wages and benefits. Which all sounds great. Especially when the checks show up.

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“New York’s willful failure to provide information may itself constitute a criminal offense—particularly if the intent was to thwart a federal investigation—..”

Cuomo Nursing Home Scandal May Rise To Federal Level Of Criminal Offense (Fox)

Legal experts are warning that New York Gov. Andrew Cuomo’s alleged undercounting of nursing-home deaths amid the COVID-19 pandemic may rise to the level of a criminal offense. Cuomo has found himself at the center of a federal investigation into whether his administration sought to hide the true toll of the pandemic. The New York Post reported earlier this month that Melissa DeRosa, Cuomo’s top aide, told lawmakers the administration had withheld the numbers for fear of them being “used against us.” In an op-ed for the Wall Street Journal, John B. Daukas, who served as acting U.S. attorney general for the Justice Department’s Civil Rights Division, wrote that DeRosa’s reported admissions weren’t “merely negligent, but intentional and perhaps criminal.”


Daukas said numerous federal statutes could apply, noting that Cuomo’s administration is accusing of both making false statements to the federal government and trying to thwart an investigation. “Even if it cannot be proved that the Cuomo administration knowingly provided false information to Justice and the (Centers for Medicare and Medicaid Services), New York’s willful failure to provide information may itself constitute a criminal offense—particularly if the intent was to thwart a federal investigation—which, after all, is exactly what Ms. DeRosa reportedly said the administration did,” Daukas wrote. And on Saturday, Fox News legal analyst Gregg Jarrett said DeRosa’s admission to lawmakers – if true – constitutes a potential obstruction of justice charge. Per the federal statute, Jarrett noted, if a government official falsifies or hides evidence to avoid triggering an investigation (or acts out of fear that such a probe may occur) that official is still culpable under the law of obstruction.”

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There’s a shredder working overtime somewhere…

Scalise Requests Data On NY Nursing Home COVID Deaths (SAC)

As New York Gov. Andrew Cuomo (D) faces increasing criticism over reports that his administration underreported coronavirus-related deaths in nursing homes and a preliminary federal investigation underway, House Republican Whip Steve Scalise (La.) renewed his call Friday for Cuomo to provide all data on such deaths, describing his administration’s alleged conduct as an “apparent obstruction of justice”. Scalise, the ranking member of Select Subcommittee on the Coronavirus Crisis, reiterated his call in a press release emailed Friday afternoon by the House Oversight Republicans. The press release cites the February 11 New York Post exposé reporting that Melissa DeRosa, a top Cuomo aide, had privately admitted to Democratic lawmakers that the administration withheld nursing home death data out of fear that it would be “used against us” by federal prosecutors.

On top of that, the release mentioned the report that Cuomo had allegedly threatened a Democratic assemblyman if he didn’t help cover up the nursing home deaths. “This apparent obstruction of justice necessitates an immediate and thorough investigation by Congress especially in light of the recent revelation that you and your Administration engaged in a cover-up aimed at concealing your culpability in New York State’s COVID-19 nursing home crisis,” Scalise wrote. “Recent reporting suggests that your attempts to cover-up the truth and conceal your culpability extend beyond obstruction to threats of retaliation toward anyone who might cross you. This behavior appears to be your modus operandi when anyone attempts to question your ‘leadership.’”

The press release goes on to mention that the subcommittee’s Republicans have repeatedly called for Cuomo to provide information regarding his since-rescinded directive ordering nursing homes and long-term care facilities to admit untested and contagious COVID-19 patients from hospitals. According to the press release, they first asked the governor in June 2020, and subsequent times in July 2020 and last month. [..] In a letter from Scalise to Cuomo attached to the press release, the Louisiana Republican touched on the aforementioned points but also requested transcribed interviews from DeRosa and New York Commissioner of Health Dr. Howard Zucker.

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Some are just too pissed off.

More New York Politicians Accuse Cuomo Of Threatening Behavior (F.)

New York Gov. Andrew Cuomo faces a growing number of allegations he and his subordinates routinely threaten critics, with two New York politicians – a former Democratic congressional candidate and a Republican ex-rival of Cuomo’s – recounting to Forbes their hostile experiences with the governor’s staff. Nate McMurray, a two-time House candidate in Western New York, told Forbes that after criticizing Cuomo for plans to attend a Buffalo Bills game, he received a call from a Cuomo aide on New Years Eve that began “you motherf***er,” before devolving into threats like “you’re done in politics.” McMurray said he took down his tweet after the call because he was “scared” and looking for a job after his run, adding that he’s heard from people in both Cuomo’s staff and the New York legislature about a “pervasive culture of fear that has trickled down from his office.”

“We’ve all been yelled at by someone in that administration,” Marc Molinaro, a Republican county executive in upstate New York who ran against Cuomo in 2018, told Forbes, adding, “It’s unacceptable but how they operate.” Assemblywoman Yuh-Line Niou, tweeted that she was “flooded” with stories from people who said they were “bullied, mistreated, or intimidated” by Cuomo, a statement echoed by former Cuomo aide Lindsey Boylan, who has previously accused him of harassment. Alessandra Biaggi, a Democratic state senator, told the New Yorker Cuomo once asked her to “tell me again how your grandfather’s career ended,” which she perceived as a threat given that her grandfather, Mario Biaggi, resigned over a corruption scandal – though a Cuomo spokesperson told the New Yorker it was about the “importance of integrity in government.”

Fox News meteorologist Janice Dean tweeted that she was told by someone close to the Cuomo family to “‘Watch my back,’” when she began speaking out against him prolifically over the coronavirus-related deaths of her parents, who were both nursing home residents.

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“..a serially underachieving chief executive playing three-card monte with dead bodies. At this point, Andrew Cuomo could probably shoot someone on Fifth Avenue and get away with it.”

Why Do Democrats Pretend Andrew Cuomo Did a Good Job With COVID? (Slate)

Most concerningly, Cuomo’s administration admitted this month that it had been excluding nursing home residents who died of COVID but didn’t technically die on the grounds of their facilities from its official count of COVID-related nursing home deaths. Since many such residents died only after being hospitalized, this had the effect of making the state’s nursing home outbreak look thousands of deaths smaller than it actually was. Cuomo’s office appears to have compiled the more comprehensive, accurate data months ago but didn’t release it until the state’s attorney general—who is elected independently of the governor—issued a Jan. 28 report alleging that nursing home deaths had been undercounted.

(It does not look like the discrepancy could have resulted from innocent semantic misunderstandings: A representative of the data team that manages the AARP Public Policy Institute’s Nursing Home COVID-19 dashboard noted to Slate that “CDC guidance for the data we use in our dashboard specifically states that resident deaths are supposed to be counted regardless of the place of death,” while the managing editor of the COVID Tracking Project said its staff is “not currently aware of any other US state or territory that reports deaths associated with nursing homes and other long-term-care facilities in the way that New York did for most of the pandemic.”)

[..] His press conference performances notwithstanding, the facts and evidence show that Cuomo is not someone who cares much about facts and evidence. But his liberal supporters don’t care: A Siena College poll taken after the nursing home scandal broke found that 83 percent of New York Democrats still approve of Cuomo’s handling of COVID, with more than 80 percent also saying specifically that they approve of his work “communicating with the people of New York” and “providing accurate information.”

To hammer home the cognitive dissonance, only 54 percent said he’d done a good job “making public all data about COVID-related deaths of nursing home patients,” which suggests both that 54 percent of New York Democrats are full of it and that a significant portion of the rest of them know Cuomo is full of it but don’t care. To many voters, celebrating the idea of the competent blue-state governor is more important than reckoning with the reality of a serially underachieving chief executive playing three-card monte with dead bodies. At this point, Andrew Cuomo could probably shoot someone on Fifth Avenue and get away with it.

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Hot potato.

Psaki Declines To Say Whether Biden Still Views Cuomo As ‘Gold Standard’ (JTN)

White House Press Secretary Jen Psaki during an interview on ABC’s This Week would not provide a direct answer about whether President Biden still considers New York Gov. Andrew Cuomo the “gold standard” on dealing with the coronavirus crisis. Journalist Jonathan Karl posed the question after playing a clip of Biden last year stating that Cuomo has performed “one hell of a job” and describing the governor as “sorta the gold standard.” Cuomo, who has come under fire for his handling of nursing home deaths during the pandemic, has faced heightened scrutiny since his top aide Melissa DeRosa revealed the administration held back on answering questions from lawmakers due to concerns about a potential Justice Department investigation.


“Well John, we work with Governor Cuomo just like we work with governors across the country,” Psaki said, noting that Cuomo chairs the National Governors Association and has “an important role in ensuring that we’re coordinating closely in getting assistance out to people of his state and to states across the country.” She said that any matter of investigations would be in the hands of “the appropriate law enforcement authorities to determine how that path is going to move as we look forward. ”But we are going to continue to work with a range of governors, including of course Governor Cuomo because we think the people of New York, the people of states across the country need assistance, not just to get through the pandemic, but to get through this difficult economic time.”

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NATO and Pentagon are Siamese twins.

The Battery of American Power Is Running Flat (SCF)

Historically, the United States relies on NATO as a conduit to project its power and influence over Europe. This was its fundamental objective when NATO was first set up in 1949 at the start of the Cold War against the Soviet Union. In recent decades, NATO has assumed an ever-expanding purpose for American imperial power projection, encompassing not just Western Europe but all of Europe right up to Russia’s borders. NATO has become a vehicle for American hegemonic ambitions holding sway over the Balkans, Caucasia, North Africa and the Middle East, Africa and Asia-Pacific. For an organization that nominally originated for maintaining security in the North Atlantic, it sounds rather odd indeed to hear its spokesmen talk now about the need for NATO to confront China.

That oddly expanded global mission reflects the real but unspoken fact that NATO is all about serving American global ambitions. Former President Trump was too ignorant or obsessed with money-grubbing financial costs – “we’re being ripped off” he would repeatedly complain with regard to NATO – to realize the strategic bigger picture of what the alliance is really purposed to serve. Under a new man in the White House – an old-time establishment operative – there is seemingly a more consensual approach with allies. Nevertheless, underlying the liberal lexicon there is the same old mantra of hostility towards Russia and China. Lloyd Austin, the Pentagon chief, told European allies this week that there would have to be “more burden sharing” in order to confront the “threats” allegedly posed by Russia and China.

Biden continued the same theme of confronting Russia and China during his G7 and Munich conferences over the weekend. American hegemonic ambitions required to satisfy its corporate capitalism are dependent on a zero-sum geopolitics. The globe must divided into spheres of influence as in the earlier Cold War decades. There must be antagonism to thwart genuine cooperation which is anathema to American capitalism. Indeed, it can be said that the Cold War never actually ended when the Soviet Union dissolved more three decades ago. America’s imperialist ideology continued under new guises of “fighting terrorism”, “democracy promotion and nation building”, or more recently “great power competition” with Russia and China.

The bottom line is that NATO is more important than ever for enabling Washington’s global power ambitions given the demise of American capitalism and the rise of China and Eurasia. NATO provides a crucial political cover for what would otherwise be seen as naked American imperialism.

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Ha ha ha: “Boeing has recommended grounding..”

Yeah, Boeing’s a very responible corporate citizen…

Boeing 777s Grounded Around World After Denver Engine Failure (R.)

Boeing has recommended grounding more than 120 of its 777 jets worldwide following a catastrophic engine failure on a United Airlines plane in Denver. The company said on Sunday night that airlines using the same type of engine that scattered debris across Denver before making an emergency landing should suspend operations until inspections could be carried out. Flight 328 was flying from Denver International Airport to Honolulu with 231 passengers and 10 crew on board on Saturday when one engine failed shortly after take-off. Police in Broomfield, Colorado posted photos of pieces of debris from the plane near houses and other buildings. There were no reports of any injuries on the ground or among the passengers.

United Airlines said it was temporarily grounding all 24 of its Boeing 777s on active duty, and Japan’s aviation regulator swiftly followed suit, ordering Japan Airlines (JAL) and All Nippon Airways (ANA) to cease flying 777s that use the Pratt & Whitney PW4000 engines while it considered whether to take additional measures. Japan said ANA operated 19 of that kind and JAL operated 13. The planes are also used by carriers in South Korea. A spokeswoman for South Korea’s transport ministry, speaking before Boeing’s statement, said it was monitoring the situation but had not yet taken any action. Korean Air Lines said it had 12 of the planes, half of them stored, and it would consult with the manufacturer and regulators and stop flying them to Japan for now.

Boeing said in total 69 of the planes were in service and 59 were in storage, at a time when airlines have grounded planes due to a plunge in demand associated with the coronavirus pandemic. The move comes after the US Federal Aviation Administration (FAA) issued an emergency directive late on Sunday that required immediate or stepped-up inspections of planes similar to the one involved in the Denver incident. “We reviewed all available safety data following yesterday’s incident,” the FAA said in a statement from its administrator, Steve Dickson . “Based on the initial information, we concluded that the inspection interval should be stepped up for the hollow fan blades that are unique to this model of engine, used solely on Boeing 777 airplanes. “This will likely mean that some airplanes will be removed from service”.

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What will happen to Durham and the Hunter files?

Garland Expected To Become Biden’s AG (Hill)

Nearly five years after Senate Republicans refused to grant Merrick Garland a hearing to be confirmed as a justice on the Supreme Court, the appeals court judge is getting his chance to go before the Senate Judiciary Committee on Monday, this time as President Biden’s choice to be attorney general. In 2016, former President Obama nominated Garland to replace the late Justice Antonin Scalia, but then-Senate Majority Leader Mitch McConnell (R-Ky.) did not allow a hearing on the nomination, citing the presidential election eight months later. Neil Gorsuch was confirmed to the seat on the high court the following year, just more than two months after he was nominated by former President Trump.

Garland is one of the last major Cabinet appointments by Biden, and he is likely to secure confirmation with bipartisan support despite the former Republican blockade on his last nomination. Sen. John Cornyn (R-Texas) has said Garland’s experience “makes him well-suited to lead the Department of Justice, and I appreciated his commitment to keep politics out of the Justice Department.” “Unless I hear something new, I expect to support his nomination before the full Senate,” Cornyn added, according to The Associated Press. In opening remarks released Sunday, Garland pledged to address the threat of domestic extremism as the nation’s top law enforcement officer, specifically invoking the deadly Jan. 6 insurrection at the U.S. Capitol.

“From 1995 to 1997, I supervised the prosecution of the perpetrators of the bombing of the Oklahoma City federal building, who sought to spark a revolution that would topple the federal government,” Garland’s remarks read. “If confirmed, I will supervise the prosecution of white supremacists and others who stormed the Capitol on January 6 — a heinous attack that sought to disrupt a cornerstone of our democracy: the peaceful transfer of power to a newly elected government.” Biden has pledged that the Justice Department during his tenure will be free of political influence or interference.

The Justice Department has asked for the resignations of all Trump-appointed U.S. attorneys, a somewhat typical move for incoming administrations. But Biden left in place the U.S. attorney in Delaware in charge of investigating the tax affairs of his son Hunter Biden. He is also allowing U.S. Attorney John Durham to continue in his role as a special prosecutor probing the origins of the FBI investigation into the Trump campaign’s ties to Russia, a position appointed by former Attorney General William Barr. [..] Garland currently serves as chief judge of the U.S. Court of Appeals for the D.C. Circuit.

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Jonnathan Cook picks the wrong angle. Vitamin D given to severely ill people is not the story.

Vitamin D: Doctors Will Further Erode Trust In Experts (Cook)

The role of Vitamin D on our general wellbeing and health has come under increasing scrutiny over the past two decades after it was discovered that it is the only vitamin for which there is a receptor in every cell in our body. Long before Covid, researchers had begun to understand that Vitamin D’s role in regulating our immune systems was chronically under-appreciated by most doctors. The medical profession was stuck in a paradigm from the 1950s in which Vitamin D’s use related chiefly to bone health. As a consequence, today’s recommended daily allowances – usually between 400IU and 800IU – were established long ago in accordance with the minimum needed for healthy bones rather than the maximum needed for a healthy immune system.

Today we know that many people in northern latitudes, especially the elderly, are deficient or severely deficient in Vitamin D, even those taking these low-level supplements. In fact, it would be true to say there is a global plague of Vitamin D deficiency, even in many sunny countries where people have lost the habit of spending time outdoors or shield themselves from the sun. The doctors and researchers who have been gradually piecing together the critically important role of Vitamin D are the medical equivalent of the dissident journalists who try to present a realistic picture of what goes on in Israel-Palestine.

Because Big Pharma can make no serious money from Vitamin D, researchers into the sun hormone have struggled to raise funds for their work and have mostly been denied corporate platforms from which to publicise the stunning findings they have made. Until recently, corporate medicine simply ignored most Vitamin D research, relegating it to the supposedly fringe science of “nutrition”, which is why most doctors know little or nothing about it. With the outbreak of Covid, when these Vitamin D studies should finally have come into their own, researchers found themselves shunted further into the margins. Just as journalists, politicians and human rights groups trying to tell you real things about Israel get labelled antisemites, anyone trying to tell you real things about Vitamin D gets labelled a crank, conspiracy theorist or Covid denier.

The desperate need for Covid treatments has not led to intensified interest in Vitamin D among most doctors, even though it is very cheap, almost completely safe even in large doses, and has been shown to help in damping down immune over-reaction of exactly the kind killing Covid patients. Rather, the opportunity for Big Pharma to develop a magic bullet to treat Covid has led to an intensified campaign to discredit Vitamin D research.

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When you threaten sovereign nations, others will notice.

Canada To Follow Australia, Take On Facebook, Seek Payment For Content (NYP)

Canada is poised to take on Facebook, following the example set by Australia, which began a war with the tech giant when the country’s publishers backed proposed legislation demanding payment for their content. Canadian Heritage Minister Steven Guilbeault condemned Facebook’s actions as “highly irresponsible” last week when the social media giant removed all Australian news content from its sites in retaliation. Guilbeault warned that Canada would be next in making sure Facebook paid for news content from Canadian publishers. Guilbeault is charged with drafting legislation in the next few months that would require Facebook and Alphabet Inc’s Google to pay up. “Canada is at the forefront of this battle … we are really among the first group of countries around the world that are doing this,” Guilbeault told reporters.


Guilbeault said he recently met with government ministers from Australia, Finland, France and Germany to hammer out a common front with respect to Google and Facebook, the Globe and Mail reported.“It was the first ministerial meeting where we jointly started talking about what we want to do together regarding web giants, including fair compensation for media. We believe that there’s real strength in unity on that,” he said, adding that the growing coalition of countries opposed to Facebook and Google could soon reach 15. “I’m a bit curious to see what Facebook’s response will be. Is Facebook going to cut ties with Germany, with France, with Canada, with Australia and other countries that will join? At a certain point, Facebook’s position will be completely untenable.”

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But not for animal cruelty?!

Disney Labels ‘The Muppet Show’ As ‘Offensive Content’ (RT)

Five seasons of ‘The Muppet Show’ appeared on the Disney+ streaming service on Friday night but many viewers were shocked to discover that one of their childhood favorites is now considered “offensive content.” According to a warning from Disney, the show features “stereotypes” and “mistreatment of people or cultures.” “This program includes negative depictions and/or mistreatment of people or cultures. These stereotypes were wrong then and are wrong now,” the roughly 300 billion-dollar corporate giant declared. “Rather than remove this content, we want to acknowledge its harmful impact, learn from it and spark conversation to create a more inclusive future together.”


No references are made to what specifically Disney considers to be offensive about the show’s content, though it does depict minorities including Asians and people from the Middle East, as well as featuring a homeless character named “Oscar the grouch” who lives in a trash can. In season five, singer Johnny Cash also performs in front of a confederate flag. “Even the Muppets are now ‘offensive.’ Anyone watching ‘The Muppet Show’ on Disney+ will first see a warning against ‘offensive content.’ It’s time to pack up, seriously,”wrote one baffled Twitter user.

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