Mar 102020
 


James F. Gibson Tent of A. Foulke, sutler, 1st Brigade, Horse Artillery. Brandy Station, Virginia 1864

 

Thread: Intensivist/A&E Consultant Currently In Northern Italy (Twitter)
Italy Not Europe’s Coronavirus Hotbed, Just First Country That Snapped (RT)
Trump Has Not Been Tested For Coronavirus – White House (R.)
Seattle-Area Nursing Home Unable To Test 65 Workers With COVID-19 Symptoms (R.)
Coronavirus Symptoms Usually Take 5 Days To Appear – Study (CNN)
Bail Out The People First, Before Companies, In Coronavirus Crisis (Ghitis)
China’s Hubei Province May Allow Residents To Travel (R.)
Singapore Charges Visitors For Coronavirus Treatment (R.)
No Coronavirus Risk From Holy Communion, Says Greek Holy Synod (K.)
Smartphone Sales In China Were Halved In February (ZH)
Boeing Shares Plunge On Coronavirus, 737 MAX Wiring Bundle Setback (R.)
In Brussels, Erdogan Asks NATO For ‘Assistance’ On Syria And Migrants (RT)
Prince Andrew Won’t Voluntarily Cooperate In Epstein Inquiry – Prosecutor (G.)
Court Case Against Alleged CIA Vault 7 Whistleblower Ends In Mistrial (WSWS)
Democrats Were The FIrst To Discuss Biden’s Cognitive Fitness (Greenwald)
Russia ‘Hired Network Of Britons To Go After Enemies Of Putin’ (G.)

 

Cases 114,614 (+ 4,007 from yesterday’s 110,607)

Deaths 4030 (+ 199 from yesterday’s 3,831)

 

Italy’s the story. 100 deaths a day. Germany finally has (acknowledged) its first two deaths. Spain gets very ugly. Lots of clocks ticking.

Lombardy’s world-class health care system has basically collapsed. You’re looking at your future, unless you’re very very lucky.

It’s not about the number or percentage of deaths and cases, it’s about the capacity of the system, and the speed with which countries react. Both fall very short.

From Worldometer yesterday evening (before their day’s close)

 

 

And the suspects for Wave 2 continue to rise.

From SCMP:

 

 

From Worldometer:

 

 

From COVID2019.app:

 

 

 

 

Most poignant news today. A Twitter thread that describes an American emergency doctor working in Lombrady, Italy. The system’s collapsed.

Thread: Intensivist/A&E Consultant Currently In Northern Italy (Twitter)

1/ ‘I feel the pressure to give you a quick personal update about what is happening in Italy, and also give some quick direct advice about what you should do.

2/ Lumbardy is the most developed region in Italy and it has a extraordinary good healthcare, I have worked in Italy, UK and Aus and don’t make the mistake to think that what is happening is happening in a 3rd world country.

3/ The current situation is difficult to imagine and numbers do not explain things at all. Our hospitals are overwhelmed by Covid-19, they are running 200% capacity

4/ We’ve stopped all routine, all ORs have been converted to ITUs and they are now diverting or not treating all other emergencies like trauma or strokes. There are hundreds of pts with severe resp failure and many of them do not have access to anything above a reservoir mask.

5/ Patients above 65 or younger with comorbidities are not even assessed by ITU, I am not saying not tubed, I’m saying not assessed and no ITU staff attends when they arrest. Staff are working as much as they can but they are starting to get sick and are emotionally overwhelmed.

6/ My friends call me in tears because they see people dying in front of them and they can only offer some oxygen. Ortho and pathologists are being given a leaflet and sent to see patients on NIV. (Noninvasive ventilation)

Read more …

This may be true, but Italy did screw up badly multiple times. Thing is, at least other countries will, too.

Italy Not Europe’s Coronavirus Hotbed, Just First Country That Snapped (RT)

With the entirety of Italy put under quarantine, the Mediterranean nation has been seen as the hardest-hit by the coronavirus in Europe. Italian journalist Evgeny Utkin believes, however, that it’s just the most tested one.
Utkin, a journalist based in Italy and an expert on economics and politics, told RT that he believes the situation with the coronavirus as reported in the press – namely, that it is ravaging Italy and yet somehow affecting its neighbors, such as Switzerland and Germany, on a far smaller scale – does not represent the reality on the ground. The catch, he said, is that while in some countries the number of those infected might be underreported, in Italy – at least at the beginning of the outbreak – there was an overreaction instead.

“Italy was the first country whose nerves snapped,” Utkin said. “They started testing absolutely everyone.” Such rigorous testing sent the number of confirmed cases skyrocketing, Utkin believes, with the alarming statistics soon driving panic and scoring international headlines. Over that past weekend, northern Italy, where the outbreak erupted, was put on lockdown, which was further extended to the whole of the country on Monday. At least 463 died of COVID-19 – the disease caused by the coronavirus – across Italy as of Monday, and the total number of cases stands at over 9,000. While the spread of the outbreak is a legitimate reason for concern, Utkin said he does not believe that Italy will bear the brunt of the newest virus scourge in the Old World.

“I don’t’ believe that Italy is the European hotbed of coronavirus. It’s more or less the same everywhere. If you take the percentage [of tests], it’ll turn out, I think, that other countries have had it worse, even.” With Italy’s hospitals filled to the brim with coronavirus patients, suspected and confirmed, authorities have scaled back their zeal for testing, and are now screening only those who display particular symptoms or are considered to be at risk of complications. Italy will be reeling from the economic damage caused by the outbreak for the years to come, the expert told RT, predicting the country’s GDP might plummet as much as 10 percent in the first quarter of 2020.

“It would be a colossal slump, I don’t know how it will recover,” Utkin said, adding that the outbreak has completely “killed” the country’s burgeoning tourism and restaurant industries. Utkin is convinced that Italy will ask for financial assistance from the international community, but noted it will hardly be enough to offset the losses its economy has already suffered. “Italy has never fallen so deeply. I have not seen a crisis like this, in terms of economy as well as privacy.”

Read more …

Don’t think they thought this through. Trump and Pence are seen together all the time. If both fall gravely ill, Pelosi takes over. Is that what they want? No-go for the same reason they can’t travel together. President must be tested, VP too.

Trump Has Not Been Tested For Coronavirus – White House (R.)

U.S. President Donald Trump has not been tested for the coronavirus, the White House said on Monday, though at least two lawmakers with whom he has recently come into contact have announced they were self-quarantining after attending a conference with a person who had tested positive for the virus. “The President has not received COVID-19 testing because he has neither had prolonged close contact with any known confirmed COVID-19 patients, nor does he have any symptoms. President Trump remains in excellent health, and his physician will continue to closely monitor him,” White House spokeswoman Stephanie Grisham said in a statement, referring to the acronym describing the virus.

Read more …

US health care is already overwhelmed.

Seattle-Area Nursing Home Unable To Test 65 Workers With COVID-19 Symptoms (R.)

The Seattle-area nursing home at the epicenter of the U.S. coronavirus outbreak said on Monday it had no kits to test 65 employees showing symptoms of the virus that has killed at least 13 patients at the long-term care center. The staffers, representing more than a third of the Life Care Center’s 180 employees, are out sick with symptoms resembling the coronavirus and a federal strike team of nurses and doctors is helping care for 53 patients remaining in the center. With the Kirkland, Washington, home accounting for over half of all coronavirus deaths in the United States, and all its patients tested, it was unclear why it had not been given kits for staff even as the University of Washington offered to process tests.

“We would like more kits to test employees,” Life Care Center spokesman Tim Killian told reporters, adding he did not know why they had not been forthcoming. “We’ve been asking the various government agencies that have been supplying us with test kits.” Twenty-six of the nursing home’s 120 patients have died since Feb. 19, with 13 of 15 autopsies carried out so far showing that the coronavirus was the cause. Twenty-one of the center’s residents, including those now in hospitals, have tested positive for the virus. The outbreak has shown how quickly the coronavirus spreads through elderly residents with weak immune systems and underlying health conditions living in close quarters.

“We’ve had patients who, within an hour’s time, show no symptoms to going to acute symptoms and being transferred to the hospital,” Killian told a news conference on Sunday. “And we’ve had patients die relatively quickly under those circumstances.”

Read more …

This will tempt people to party on day 6. Smart?

Coronavirus Symptoms Usually Take 5 Days To Appear – Study (CNN)

People infected by the novel coronavirus tend to develop symptoms about five days after exposure, and almost always within two weeks, according to a study released Monday. That incubation period is consistent with previous estimates from public health officials, and the findings suggest that 14 days of quarantine are appropriate for people potentially exposed to the coronavirus. The US Centers for Disease Control and Prevention has used that standard during the current pandemic — recommending, for example, that people self-quarantine for two weeks after traveling to countries with widespread coronavirus transmission, such as Italy or South Korea.

When it comes to those quarantines, the incubation period “tells us how long it’s reasonable to do that,” said Justin Lessler, an author of the study and an associate professor of epidemiology at the Johns Hopkins Bloomberg School of Public Health. His research, published in the journal Annals of Internal Medicine, also suggests that symptomatic screening for the virus — such as temperature checks at an airport — may be missing recently infected people. “If somebody is in their incubation period, that is the window when somebody who’s already been infected can walk into the country and not be detected by symptom-based surveillance” said Lessler. That could explain why the CDC’s efforts to screen more than 46,000 fliers for “fever, cough, and shortness of breath” have resulted in just one positive coronavirus case, according to the CDC’s most recent screening data, which was released at the end of February.

[..] To estimate the incubation period, researchers scoured more than 180 reports of coronavirus in places without widespread transmission of the virus — areas, in other words, where infection was likely due to outside travel. Because the study was conducted early in the coronavirus epidemic, community transmission at the time was limited to Wuhan, China. That allowed researchers to estimate the “time of exposure” to the coronavirus by determining when a person was in Wuhan — the only plausible source of infection. By comparing travel to Wuhan with the emergence of symptoms, researchers could then estimate an incubation period for the virus: usually about 5 days, and rarely more than 12. “We have sort of a narrow window at the beginning of the epidemic to really tease out what’s going,” said Lessler. “If it’s everywhere, you don’t know where people got infected.”


Read more …

Smart comment. On CNN no less.

Bail Out The People First, Before Companies, In Coronavirus Crisis (Ghitis)

Unlike during the 2008 Great Recession, when the government leaped to assist financial institutions, the first priority this time should be helping individuals in need. Only then should we help businesses caught in this storm. By now, Trump should be wishing that the Federal Reserve Bank had ignored his pressure to lower interest rates. If rates were higher, the Fed would have much more powerful ammunition: it would be able to aggressively lower rates, which is the strongest weapon in its arsenal. But that arsenal is much depleted. In 2008, the government distributed hundreds of billions of dollars, mostly to bail out banks and large corporations. (GM was the main manufacturer rescued by the Obama administration.) While most banks survived, close to 10 million homeowners lost their houses to foreclosure; millions of people lost their jobs.


That overwhelming tilt in favor of helping struggling businesses instead of suffering individuals is, in my view, one of the reasons populism gained strength, as demonstrated by elections throughout western democracies in the 2010s. This time, the source of the problem is not a breakdown in the financial system. This is very different. We now face a major health assault. The pandemic is not only causing illnesses and straining health care resources, it is attacking the economy from a multitude of angles. Manufacturers are facing supply chain disruption, shortages are developing and demand is collapsing. [..] The obvious first order of business is clear: Everyone should have access to health care right now. It’s not only the humane thing to do, it’s the smartest way to slow the contagion. People who become infected should not fear bankruptcy if they go to the doctor. If they do, the epidemic will continue to spread.

Read more …

Chinese roulette?! Is this just so you can make a few extra iPhones?

China’s Hubei Province May Allow Residents To Travel (R.)

China’s Hubei province is studying plans to allow people in areas at a medium- or low-risk of contracting the coronavirus to start traveling, state media reported on Tuesday, citing a meeting chaired by the province’s party chief Ying Yong. The meeting, reported by the official Hubei Daily, said that they may allow people to start traveling by using a “health code”, a mobile-based monitoring system that has been rolled out by many local authorities in China in recent weeks. Hubei province and its capital Wuhan are at the epicenter of the coronavirus outbreak in China.

Read more …

Oh, get a life.

Singapore Charges Visitors For Coronavirus Treatment (R.)

Singapore has started charging visitors for coronavirus treatment, the city-state said as it reported three new imported infections, two of which involved Indonesians. Indonesia, the world’s fourth-most populous country, reported its first virus case earlier this month and officially has just 19 infections compared to 160 in Singapore. Disease experts have questioned how many cases go undiagnosed in Indonesia. Singapore’s new measures announced late Monday came into effect on March 7, when authorities said two symptomatic Indonesian travelers arrived in Singapore. Both had reported coronavirus symptoms in Indonesia before arriving in Singapore. One had previously sought treatment at a hospital in Indonesia’s capital Jakarta.


Another case involved a Singaporean who had visited her sister in Indonesia who had pneumonia. Declaring its new stance on payment for treatment, the health ministry did not mention these specific cases. “In view of the rising number of COVID-19 infections globally, and the expected rise in the number of confirmed cases in Singapore, we will need to prioritise the resources at our public hospitals,” the health ministry said in a statement. Foreigners who are short-term visit pass holders who seek treatment for COVID-19 in Singapore need to pay but testing for the virus remains free. Treatment of severe respiratory infections in Singapore public hospitals typically cost between S$6,000 – S$8,000 ($4,300-5,800), according to the Ministry of Health’s website.

Read more …

Sure, funny at first. But not very long.

No Coronavirus Risk From Holy Communion, Says Greek Holy Synod (K.)

Amid fears of a broader coronavirus contagion across the country, the Holy Synod, the ruling body of the Greek Orthodox Church, on Monday issued a statement saying that the disease does not transmit through the distribution of holy communion by the chalice. “For the members of the Church, attending the Holy Eucharist… certainly cannot be a cause of disease transmission,” the Holy Synod said. “Faithful of all ages know that coming to receive the holy communion, even in the midst of a pandemic, is both a practical affirmation of self-surrender to the Living God and a potent manifestation of love,” it said. The Geek federation of hospital doctors has stressed that no exception “for religious, sacramental or metaphysical reasons” should be made to state health warnings to please the Church. The number of confirmed coronavirus cases in Greece stands at 73.

Read more …

The worst effect of the virus, I’m sure.

Smartphone Sales In China Were Halved In February (ZH)

Update (2015ET): Wedbush analyst Daniel Ives called the decline of iPhone sales in China a “doomsday type” like decline. Ives said the fall was an “unprecedented” drop and was “not surprising given the essential lockdown that most of China saw” in February. Wedbush expects Chinese demand to come back online in the second half of the year. [..] Alternative data first showed us the incoming economic crash developing in early February, only to be confirmed weeks later. Twin shocks plague the Chinese economy, which is a supply shock with manufacturers operating at less than full capacity, along with a demand shock, where consumers have been confined to their homes in forced quarantine, unable to spend.


So, on Monday morning, when new data from the China Academy of Information and Communications Technology (CAICT) reveals Apple smartphone sales in China were halved in February, this really shouldn’t surprise ZeroHedge readers, considering they’ve been well informed about what would happen next. And it wasn’t just Apple with plunging activity, all mobile phone brands operating in China saw shipments halved over the month. CAICT said 6.34 million devices were shipped last month, down 54.7% from 14 million in the same month the previous year. This was the lowest level of February shipments since 2012, when the CAICT data first became available. Android brands, including Huawei and Xiaomi, accounted for most of the drop, collectively saw shipments at 5.85 million units for the month, compared to 12.72 million units last year. Apple shipped 494,000 last month, down from 1.27 million in February 2019.

Read more …

Even if they got permission to fly the 737Max, there’d be no passengers on them.

Boeing Shares Plunge On Coronavirus, 737 MAX Wiring Bundle Setback (R.)

Shares of Boeing dropped more than 12% on Monday amid a broader market plunge as pressure mounted on global aviation from the spread of the coronavirus and U.S. regulators said they disagreed with Boeing’s argument about the safety of wiring bundles on the grounded 737 MAX jet. Underscoring the global risks for America’s largest exporter, Ethiopian investigators singled out faulty 737 MAX systems in a new interim report on last year’s crash, the second of two fatal accidents that plunged Boeing into its worst-ever crisis. Industry sources said airlines, facing a sharp drop in travel demand due to rising coronavirus outbreaks, were starting to request deferring aircraft deliveries and cash downpayments to Boeing and European rival Airbus.

Boeing shares were down at $229.12 in afternoon trading, a level not seen since 2017. Adding to a sense of mounting anxiety, Boeing’s new Chief Executive Officer Dave Calhoun was forced to apologize to senior staff after a rare attack on his predecessor and company leadership, which sources say provoked criticism from within the senior ranks of the company as well as the rank-and file. Calhoun, who took over as CEO in January after serving about a decade on Boeing’s board, told senior staff by email on Friday he was “both embarrassed and regretful” over his comments in a New York Times interview earlier in the week. “It suggests I broke my promise to former CEO Dennis Muilenburg, the executive team and our people that I would have their back when it counted most,” Calhoun said.

“I want to reassure you that my promise remains intact.” Calhoun’s email came as the U.S. Federal Aviation Administration (FAA) told Boeing on Friday it did not agree with the planemaker’s argument that its 737 MAX wiring bundles meet safety standards. Nonetheless, the FAA said it was now up to Boeing to decide how to proceed. [..] Boeing in February said it did not believe it was required to separate or move wiring bundles on its grounded 737 MAX jetliner that regulators had warned could cause a short circuit on the 737 MAX, and lead to a crash if pilots did not react soon enough. There are more than a dozen different spots on the 737 MAX where wiring bundles may be too close together. Most of the locations are under the cockpit in an electrical bay.

Read more …

“Erdogan is in Brussels, demanding help from NATO with both the conflict on his southern border and the migrants he tried to unleash on the West, now that neither situation is going according to plan.”

In Brussels, Erdogan Asks NATO For ‘Assistance’ On Syria And Migrants (RT)

Turkish President Recep Tayyip Erdogan is in Brussels, demanding help from NATO with both the conflict on his southern border and the migrants he tried to unleash on the West, now that neither situation is going according to plan. After meeting with NATO Secretary General Jens Stoltenberg on Monday, the Turkish leader said he requested “additional assistance” from the alliance, for the “defense” of the Turkish border with Syria and “in connection with the migration challenge.” “We expect concrete support from all our allies to this struggle,” Erdogan added, urging the allies to support Turkey “without discrimination and with no political preconditions.” Stoltenberg praised Turkey as an “important” ally which has “contributed to our shared security in many ways,” and said the alliance is “prepared to continue to support Turkey and we are exploring what more we may be able to do.”


It is unclear what those platitudes may amount to in practice, however. Ankara did not bother coordinating with its NATO allies when it sent troops into Syria’s Idlib province last month – or back in October 2019, causing some strain within the bloc. Though it seemed for a moment that Turkish and Russian troops in Syria might come to blows, the crisis was averted when Erdogan went to Moscow and agreed to a ceasefire last week. The main focus of Erdogan’s trip to Brussels is Greece’s refusal to open its border to a wave of migrants that the Turkish president unleashed amid the recent fighting in Syria. Tens of thousands of migrants – only a few actual refugees from the Syrian conflict among them, apparently – heard the borders were open and surged towards Greece, only to be halted at the border fence.

Read more …

International arrest warrant?

Prince Andrew Won’t Voluntarily Cooperate In Epstein Inquiry – Prosecutor (G.)

Prince Andrew has “completely shut the door” on cooperating with US investigators in the Jeffrey Epstein case and they are now “considering” further options, a New York prosecutor said on Monday. Andrew was a friend of Epstein, the wealthy financier and convicted sex offender whose death in custody while awaiting trial on sex trafficking charges in New York last year was ruled a suicide. Andrew denies all claims of sexual misconduct relating to the Epstein case but has stepped back from public duties as a result of his connection to it. Speaking to reporters on Monday, the Manhattan US attorney Geoffrey Berman said: “Contrary to Prince Andrew’s very public offer to cooperate with our investigation into Epstein’s co-conspirators, an offer that was conveyed via press release, Prince Andrew has now completely shut the door on voluntary cooperation and our office is considering its options.”


In November, Andrew said he was “willing to help any appropriate law enforcement agency with their investigations if required”. Berman made a similar claim in January, which former sex crimes prosecutors told the Guardian was most likely a move designed to win political support for the investigation. Buckingham Palace said then it would not comment and the matter was being dealt with by the prince’s legal team. Contacted on Monday, a Palace spokeswoman said: “The issue is being dealt with by the Duke of York’s legal team.” Buckingham Palace has consistently refused to reveal any details of Andrew’s legal team but the Duke has reportedly hired Clare Montgomery, a senior barrister at Matrix Chambers, whose clients have included Augusto Pinochet, Chile’s former dictator [..] She also prosecuted the Metropolitan police over the death of Jean Charles de Menezes, shot dead in a failed anti-terror operation.

Read more …

A new element: Assange could face death penalty after all. The UK cannot extradite if it’s in play.

Court Case Against Alleged CIA Vault 7 Whistleblower Ends In Mistrial (WSWS)

The federal proceedings against Joshua Schulte, a former employee of the US Central Intelligence Agency (CIA) who was accused by the American government of providing WikiLeaks with a trove of documents exposing illegal spying operations, have ended in a mistrial. After a week of deliberations, the jury returned on Monday to state that it could not reach an agreement on the most serious charges facing Schulte. The divided opinion centred on eight counts under the Espionage Act, including illegally gathering and transmitting national defence information. The jury had only agreed to convict Schulte on the lesser counts of contempt of court and making false statements to the US Federal Bureau of Investigation (FBI). Schulte will remain imprisoned and likely faces a retrial.

The failure of the prosecution to convict Schulte of the charges relating to WikiLeaks’ 2017 Vault 7 publication, which consisted of leaked documents from within the CIA, is significant. It may mark a hurdle in the campaign of the US government against WikiLeaks and its publisher Julian Assange, who faces extradition from Britain to the US and prosecution under Espionage Act charges over separate 2010 and 2011 releases. It is clear that if he is extradited, Assange could face additional US charges, possibly related to Vault 7. Three days after closing arguments in the Schulte trial, Australian Department of Foreign Affairs and Trade officials confirmed that it was possible that Assange would face additional counts carrying the death penalty if he was dispatched to the US.

The timing of their statements, which contradict the previous claims of US allies, could indicate that there is much at stake for Assange in the attempted US prosecution of Schulte. [..] The publication of Vault 7 in early 2017 was the trigger for a major escalation in the US government vendetta against Assange, culminating in his illegal expulsion from Ecuador’s London embassy last year, his arrest by the British police and imprisonment in a maximum-security prison. Schulte’s trial, moreover, coincided with the first week of the British extradition hearing against Assange, which underscored the similarities in the lawless treatment of the WikiLeaks publisher and his alleged CIA source. Prosecutors have described the Vault 7 leak, which they accuse Schulte of being responsible for, as the largest in the entire history of the CIA.

Read more …

[..] establishment Democrats were the ones who first spread insinuations and even explicit accusations about Biden’s cognitive decline when they thought doing so could help them defeat him and/or because it genuinely concerned them regarding his ability to defeat Trump.

Democrats Were The FIrst To Discuss Biden’s Cognitive Fitness (Greenwald)

it is visible to the naked eye that the 77-year-old six-term Senator and two-term Vice President is in serious cognitive decline. That is a grave matter not just because the establishment wing of the Democratic Party wants to put him in charge of the world’s most dangerous nuclear arsenal, a large chunk of the planet’s health, and the welfare of hundreds of millions of people, but also because it directly pertains to whether he can sustain the rigors and spotlight of a General Election against the incumbent President. And multiple incidents over the past couple weeks — from Biden’s forgetting the words of the most iconic and memorized passage of the Declaration of Independence to confusing his wife for his sister to spouting sentences that make no sense — have only intensified those worries.

But, as the Democratic establishment has united with creepy speed and obedience behind Biden in order to stop the Sanders candidacy, those who now raise these concerns instantly come under a withering assault of insults and attacks from Democratic Party operatives along with their crucial media allies: thinly disguised pro-Biden reporters who continue to insist on wearing the unconvincing and fraudulent costume of neutrality. They are invoking the classic Orwellian formulation from the novel 1984: “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

CNN’s Democratic Party consultant Karen Finney condemned the discussion of Biden’s cognitive capabilities as “truly a disgusting low blow,” demanding that former Democratic presidential candidates Julian Castro and Cory Booker — both of whom themselves had commented upon Biden’s cognitive failures (on camera!) — announce (falsely) that their prior comments about Biden had been distorted. Castro’s Communication’s Director, Sawyer Hackett, dutifully accused those who were raising these concerns of “push[ing] Trump messaging about Biden”; he also denied that Castro (or Booker) had ever themselves questioned Biden’s cognitive competence, warning those who are raising the issue: “don’t try to throw Julián and Cory in front of you when you do.”

Meanwhile, Politico and CNN reporter Ryan Lizza, more devoted to defending Biden than even DNC functionaries, spent all weekend conspiratorially insinuating that journalists who were raising concerns over Biden’s cognitive fitness were part of a joint “coordinated” attack from the Sanders and Trump campaigns. Lizza and others like him promoted various outraged articles from Democratic Party-loyal sites expressing all kinds of indignation — after four years of open season of musing casually about Trump’s dementia — that anyone would even dare discuss Biden’s cognitive fitness to occupy the most powerful political position in the world. They all insisted that this was some sort of very recent invention on the part of the Sanders and Trump world to stop the Biden juggernaut: a last-minute act of desperation from the Far Right and the Far Left as Biden ascends to his rightful place in the Oval Office.

The problem with all of this? Aside from the fact that Biden’s cognitive decline is visible to the naked eye and it is incredibly reckless and repressive to demand that it be supressed, these concerns were first raised not by Trump operatives nor by Sanders supporters, nor were they first raised within the last several weeks. Quite the opposite is true: they were raised repeatedly over the last year principally by Democratic Party officials and their most loyal allies in the media.

Read more …

The day the stupid MH17 trial starts, which will take years, The Guardian runs this by Luke Harding. And if there’s anyone to rival Harding in the lying sack-of-shit department, it’s Bill Browder. So that’s who Harding writes about.

Russia ‘Hired Network Of Britons To Go After Enemies Of Putin’ (G.)

Russia has been accused of hiring a network of British politicians and consultants to help advance its criminal interests and to “go after” Vladimir Putin’s enemies in London, MPs who drew up the Russia report suppressed by Boris Johnson were told. In secret evidence submitted to parliament’s intelligence and security committee (ISC), the campaigner and financier Bill Browder claimed Moscow had been able to “infiltrate” UK society by using well-paid British intermediaries. Some had “reason to know exactly what they are doing and for whom”, Browder told the committee. Others “work unwittingly for Russian state interests”, he said.

The alleged intermediaries include politicians from both Labour and the Conservative parties, former intelligence officers and diplomats, and leading public relations firms. Collectively, they form what Browder calls a “western buffer network”. There is no suggestion in Browder’s testimony that British citizens broke the law. The regime in Moscow uses these professionals to mask its “entangled” state and criminal interests, he alleged. It deploys them to attack Putin critics, “enhance Russian propaganda and disinformation” and to “facilitate and conceal massive money-laundering operations”, he said. Putin’s spokesman Dmitry Peskov called Browder’s claims false and “totally groundless”. Questions about corruption at the heart of the Russian state were “a perfect example of a maniac-style Russophobia”, Peskov said.

[..] Browder was one of several expert witnesses invited to give evidence to MPs and peers. In September 2018 he submitted a 14-page statement, which included a number of recommendations. They include setting up a US-style register of individuals working for foreign state interests, as well as extra resources for regulators, investigators, police and prosecutors. He calls on Companies House in London to review filings made by firms linked to Russian money-laundering scandals. Speaking to the Guardian, Browder said: “Yes, there are members of the Russian security services working out of the Russian embassy under diplomatic cover. [..] “There are Russian oligarchs who have a much greater impact on the security of this country. What’s most shocking is that the Russian government is indirectly hiring British nationals to assist them in its intelligence operations.”

Read more …

 

Do it yourself face mask

 


 

 

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Mar 012020
 


Arthur Rothstein Accident on US 40 between Hagerstown and Cumberland, Maryland 1936

 

 

 

HK Coronavirus Outbreak Not At Peak: Gabriel Leung (RTHK)
Indonesia’s Frontline Hospital Defends Policies To Tackle Coronavirus (R.)
Don’t Test, Don’t Tell! (Ben Hunt)
Markets Expected To Fall Further As Coronavirus Hits China’s Economy (G.)
China Pollution Clear Amid Coronavirus Slowdown (BBC)
Bernie Sanders Looks To Blow Away Rivals On Super Tuesday (G.)
US and Taliban Ink Afghanistan Peace Agreement (RT)
‘Get Out Of The Way, Let Us Deal With Assad’, Erdogan Says He Told Putin (RT)
Threat Of Russia-Turkey-NATO Hot War A Godsend For US Foreign Policy (RT)
Greece Vetoes NATO Communique Intended to Support Turkey in Syria (GR)
Turkey Minister: 76,358 Migrants Headed To Border With Greece (K.)

 

Cases 85,683 (+ 1,950 from yesterday’s 83,733)

Deaths 2,933 (+ 73 from yesterday’s 2,860)

 

• First cases: Armenia, Ireland, Luxembourg

• First deaths: US, Australia, Thailand

• China 79,824 cases, 593 new, total deaths 2,870, 41,625 recovered, 2 more doctors die
– new Hubei cases rise, 565 in the provincial capital Wuhan

• South Korea 3,736, 1023 new cases, but :
– estimates of 4,200 infections among Shincheonji church members
– that’s 80% of those tested, there are 210,000 church members, some of whom visited Wuhan

• Italy 1,178 (up 31%!), 29 deaths

• Iran 593, 43 deaths
– Twitter: “The country is imploding – law and order to disappear in the next days.”

• Japan 241 cases, 2 deaths

Singapore 102 cases
France 100
Hong Kong 95, 2 deaths
US 71, 1 death
Thailand 42 cases, 1 death
Bahrain 38
UK 23
Switzerland 18
Norway 15
Iraq 13
Lebanon 7
Holland 7
Pakistan 4
Mexico 4

59 countries affected

 

From SCMP:

 

 

From Worldometer

 

 

I added a third counter, from COVID2019.app, a project where 70 people -and counting- work together

 

 

 

 

Leung is behind some of the most dire predictions. But not for his homebase HK.

HK Coronavirus Outbreak Not At Peak: Gabriel Leung (RTHK)

The Dean of the University of Hong Kong’s Faculty of Medicine, Professor Gabriel Leung, on Sunday warned that the coronavirus outbreak in Hong Kong had not yet reached its peak, saying it was too early to tell when it would be over and people should not let their guard down against the respiratory disease. As of Saturday, Hong Kong had reported 95 confirmed cases of the virus, known as Covid-19, and two deaths. But speaking after a radio programme, Professor Leung said the overall decline in new cases on the mainland did show that the first wave of the outbreak there was largely under control, except in Hubei province, where the disease appears to have originated.

On Sunday, the mainland reported 573 new Covid-19 infections, up from the 427 on Saturday and the highest for a week, although much lower than earlier in the month. The mainland’s National Health Commission also reported 35 deaths, fewer than the 47 on Saturday, which took the death toll to 2,870. All but one of Sunday’s deaths – and all but three of its new cases – were in Hubei. The total number of cases on the mainland is now approaching 80,000. Professor Leung said the rest of the world was now only seeing the beginning of the outbreak and this would make containing the spread of the virus in Hong Kong more difficult. However, he said Hong Kong had actually been doing well at virus control.

“The rest of the world actually views Hong Kong, along with Singapore, as the gold standard in epidemic control,” he said. “If you look at these two places, we have very similar absolute numbers of confirmed cases, yet we have a population that is one third bigger then Singapore, so – on a per capita basis – we’re not doing too badly.”


Corona timeline develops in very similar ways in various locations

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Over 260 million people, 141 tests. It’s almost like the US.

Indonesia’s Frontline Hospital Defends Policies To Tackle Coronavirus (R.)

Indonesia has the resources to cope with a coronavirus outbreak, the director of its leading infectious diseases hospital said, defending detection procedures in the Southeast Asian nation of more than 260 million, where no cases have been reported. The world’s fourth most populous nation has tested 141 suspected cases, a small figure for its population, sparking concern among some medical professionals of a lack of vigilance and a risk of undetected cases. Neighboring Malaysia has reportedly run about 1,000 tests, and Britain more than 10,000. “We can’t doubt our skills and the facts we gather,” said Muhammad Syahril, director of the Sulianti Saroso hospital in Jakarta, the capital, when asked why Indonesia had detected no cases.

“If we don’t have cases, we don’t have cases,” he said in an interview at the hospital on Friday. “Why would we cover it up?” [..] The hospital was ready to tackle any outbreak, armed with experience gained in handling disease such as the 2003-2004 outbreak of Severe Acute Respiratory Syndrome (SARS), he said. A health ministry official previously told Reuters that some hospitals, particularly in eastern Indonesia, had smaller capacity to handle virus cases. But even in Jakarta not all best practices appear to be followed and a recent visit to another hospital revealed some nurses without masks, despite attending to a patient with fever.

Fuelling concern about Indonesia’s vulnerability, four infections were confirmed in travelers who had spent time there, including a Japanese national living in Malaysia and one returning to New Zealand from Iran via the resort island of Bali. Indonesian physician Shela Putri Sundawa worries that screening could miss potential carriers without symptoms. “When people have travel or contact history, but they only have issues with coughing or minor fever, they’ll just be monitored,” she said, calling for tighter surveillance. Tests were run when doctors determined that symptoms pointed “to that direction”, Health Minister Terawan Agus Putranto saidlast week. “Imagine if everybody who had a cough or flu was checked, then millions would be checked,” he said, adding that it was “a blessing from the Almighty” that no cases had been found.

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Now repeat this in dozens of other countries.

Don’t Test, Don’t Tell! (Ben Hunt)

Patient comes in from another hospital on Wednesday, Feb. 19 – this is one week ago – already intubated and on a ventilator, and the doctors at UC Davis – who have treated other COVID-19 cases – IMMEDIATELY suspect COVID-19. But the CDC refuses to test for COVID-19. Why? Because it didn’t fit their “criteria” for testing. They didn’t know for sure that the patient was in mainland China within the past 14 days, and they didn’t know for sure that the patient was in close contact with another confirmed case, so BY DEFINITION this patient can’t possibly have COVID-19. No test for you! This is “Don’t Test, Don’t Tell” and it is the single most incompetent, corrupt public health policy of my lifetime. And it’s happening all over the country.

[..] the update: 83 people are in self-quarantine at home, where they are supposed to “check their temperature” daily. Don’t have a thermometer? Not to worry! The Nassau County Health Commission will provide one for you! Who are the 83 in self-quarantine? Why, they’re everyone that Homeland Security says should be in self-quarantine, based on “current guidelines” of someone who was in mainland China within the past 14 days. Has it been 15 days since your mainland China visit? Have you been to Northern Italy in past 14 days? Have you been to Iran in past 14 days? Have you been to South Korea in past 14 days? Well, no self-quarantine for you! You’re fine!

And here’s the kicker. Not only is there ZERO tracking or monitoring of anyone who has been swimming in the coronavirus stew of South Korea, Northern Italy and Iran, but let’s say that you have in fact been to one of those areas recently and now you’re feeling sick. You go to the doctor and you tell her the whole story. Both of you suspect it might be COVID-19. You’re trying to do the right thing here. You call the county health authority. You call the state health authority. You call the CDC. And then you learn the awful truth of Don’t Test, Don’t Tell. It’s not that testing is not available…It’s that testing is not ALLOWED. [..] here’s the other quote from the UC Davis email that I’d like you to pay close attention to:

“When the patient arrived [Wednesday], the patient had already been intubated, was on a ventilator, and given droplet protection orders because of an undiagnosed and suspected viral condition. … On Sunday, the CDC ordered COVID-19 testing of the patient and the patient was put on airborne precautions and strict contact precautions.” Translation: for four days, every healthcare professional treating this patient at UC Davis was exposed to airborne transmission of COVID-19. And so was every healthcare professional at the hospital before UC Davis. Because the CDC refused to test this patient for COVID-19 in a timely manner, the doctors and nurses and technicians caring for this patient were put at risk.

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But!: “The most horrible week for the Dow since the GFC in 2008 is hardly visible on the long-term chart.”

Imagine what would need to happen to make it visible.

Markets Expected To Fall Further As Coronavirus Hits China’s Economy (G.)

It is likely the fresh data, which measures the economic impact of Beijing’s efforts to clamp down on the virus, will further spook investors who sent global markets tumbling 11% last week in the worst seven-day period for stocks since the 2008 financial crash. With factories forced to remain closed after the traditional lunar new year holiday shutdown, China’s official Purchasing Managers’ Index (PMI), a widely watched measure of economic activity, fell further in February than at any time in the last 12 years, China’s National Bureau of Statistics said. The bureau found a significant collapse in domestic and export orders and a contraction of the country’s burgeoning service sector.

Similar surveys expected next month covering Japan and South Korea, both seriously affected by the coronavirus outbreak, could prolong the rout on global stock markets, analysts said. The outbreak has already disrupted supplies to factories in Europe, where companies have struggled to access vital components sourced from east Asia. Investors expect to find out in the next few days whether the outbreak is accelerating in the US, the world’s biggest economy, and how far central banks and governments are prepared to go to deal with an epidemic. “Right now the market is saying that this is unbounded. We don’t know what the limits are and we don’t know where it’s going to peak,” said Graham Tanaka, the chief investment officer at New York-based Tanaka Capital. Stock markets globally lost about $5tn of value last week, as measured by the MSCI all-country index.

Last weekend China’s president, Xi Jinping, told local officials that low-risk areas should “resume full production and normal life”. The government reported that larger factories reached 85.6% of their capacity by the middle of last week. Analysts at ING said: “This isn’t as positive as it sounds. Even if China‘s factory production can recover in March, it will still face the risk of a low level of export orders. This is because the supply chain will continue to be broken, this time in South Korea, Japan, Europe, and the US, where Covid-19 has begun to spread.” Unofficial reports show that factories outside Hubei province, where the virus started, could be working at no more than 75% of their capacity and many nearer 25% to 50% while millions of workers remain trapped in their home province, unable to travel back to their place of work.

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Silver linings are everywhere.

China Pollution Clear Amid Coronavirus Slowdown (BBC)

Satellite images have shown a dramatic decline in pollution levels over China, which is “at least partly” due to an economic slowdown prompted by the coronavirus, US space agency Nasa says. Nasa maps show falling levels of nitrogen dioxide this year. It comes amid record declines in China’s factory activity as manufacturers stop work in a bid to contain coronavirus. [..] Nasa scientists said the reduction in levels of nitrogen dioxide – a noxious gas emitted by motor vehicles and industrial facilities – was first apparent near the source of the outbreak in Wuhan city but then spread across the country.

Nasa compared the first two months of 2019 with the same period this year. The space agency noted that the decline in air pollution levels coincided with restriction imposed on transportation and business activities, and as millions of people went into quarantine. “This is the first time I have seen such a dramatic drop-off over such a wide area for a specific event,” Fei Liu, an air quality researcher at Nasa’s Goddard Space Flight Center, said in a statement. She added that she had observed a decline in nitrogen dioxide levels during the economic recession in 2008, but said that decrease was more gradual. Nasa noted that China’s Lunar New Year celebrations in late January and early February have been linked to decreases in pollution levels in the past. But it said they normally increase once the celebrations are over.

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Oh ye of little faith in the DNC.

Bernie Sanders Looks To Blow Away Rivals On Super Tuesday (G.)

Bernie Sanders doesn’t do things by half measures. As he vies to become the 46th president of the United States he is looking to shatter no fewer than three historic records. President Sanders would be the first Jewish incumbent of the most powerful office on Earth. Aged 79 on inauguration day, he would become the oldest president in US history having unseated the current record-holder, Donald Trump, 73. Most striking of all, he would be the first American commander-in-chief describing himself as a “democratic socialist”. Judging by recent attacks from his detractors – Democratic ones, not Trump supporters – that is the political equivalent of carrying the coronavirus.

“I’ll tell you what it adds up to,” said Pete Buttigieg, his rival for the Democratic presidential nomination, at this week’s TV debate ahead of Saturday’s primary in South Carolina. Buttigieg referenced Sanders’ “radical” policies of universal tax-funded healthcare, debt-free college tuition and a Green New Deal to tackle the climate crisis, then said: “It adds up to four more years of Donald Trump.” On Tuesday Sanders has the chance to take his political insurgency and wipe it across the nation. In the 2020 cycle, Super Tuesday is even more super-charged than usual, providing him with an opportunity to take his already impressive lead over Buttigieg and six other Democratic rivals and virtually blast them out of the water.

In Iowa he finished a splinter-thin second to Buttigieg. In New Hampshire he won. In Nevada he sealed his frontrunner status with a slam-dunk victory. Now Super Tuesday promises to project him to all-but invincible heights. Fourteen states go to the polls on 3 March, between them commanding two-thirds of the 1991 delegates he needs to win outright.

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At least it sounds good.

If only because John Bolton said on Twitter:

Signing this agreement with Taliban is an unacceptable risk to America’s civilian population. This is an Obama-style deal. Legitimizing Taliban sends the wrong signal to ISIS and al Qaeda terrorists, and to America’s enemies generally.”

US and Taliban Ink Afghanistan Peace Agreement (RT)

Washington and the Taliban movement have signed a deal that lays out conditions for the withdrawal of US and NATO troops from Afghanistan. The agreement was signed by US peace envoy for Afghanistan Zalmay Khalilzad and one of the Taliban’s senior leaders, Mullah Abdul Ghani Baradar, in Qatar’s capital Doha on Saturday. The deal will see Washington and its allies withdrawing their troops from five bases in Afghanistan within the next 135 days. The remaining American soldiers will leave the country in 14 months if the Taliban fulfills its commitments. The document lays the groundwork for future negotiations between the Taliban and the Afghan government, aimed at bringing a lasting peace to the country.


The US has agreed to facilitate the talks and lift sanctions from Taliban members by August, provided the negotiations commence as planned. Taliban leader Hibatullah Akhundzada called on all of his fighters to honor and abide by the agreement. The US and Afghan governments said earlier that the peace agreement will include guarantees that Afghan territory will not be used by terrorist groups to target the US and its allies. Also, Washington and Kabul agreed on a prisoner exchange with the Taliban by March 10, vowing to release up to 5,000 and 1,000 people respectively. Calling the deal “a decisive step toward real peace in Afghanistan,” US Secretary of State Mike Pompeo spoke about the victories against Al-Qaeda, the group behind the 9/11 attacks. “Al-Qaeda today is a shadow of its former self. We have decimated its leadership, and now we have the Taliban agreeing that Al-Qaeda must never again find safe haven in Afghanistan,” he said.

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Seeing 33 of his troops killed didn’t bring home Putin’s message to Erdogan. Whose claims are for domestic purposes only, until someone dares him.

‘Get Out Of The Way, Let Us Deal With Assad’, Erdogan Says He Told Putin (RT)

As tensions in Idlib province reach the boiling point, Turkey has asked Russia to let it fight the Syrian government face-to-face, President Recep Tayyip Erdogan revealed. Erdogan asked Putin “to get out of the way” and let the Turkish troops deal with Syrian President Bashar Assad, the Turkish leader told his AK Party on Saturday. Erdogan was explaining to lawmakers his government’s handling of the escalation in the northwestern Syrian province of Idlib, where Turkish and Syrian troops have engaged in several clashes over the past weeks. The hostilities have all but ruined Turkey’s 2018 agreement with Russia on de-escalating the violence in the area, which remains the last major stronghold of anti-government forces in Syria.

Describing his phone conversation with Putin, Erdogan said if Russia’s interest in Syria was to keep a military presence there, Turkey, a NATO member, does not object to it. I asked Mr Putin: What’s your business there? If you establish a base, do so but get out of our way and leave us face to face with the regime. Moscow intervened in the Syrian conflict in 2015 to help Damascus fight against jihadist groups. Moscow said helping the Syrian government prevented future attacks launched by this would-be entity against other nations, including Russia. Erdogan said Ankara now considers Syrian government troops a legitimate target for its attacks, claiming Damascus lost over 2,100 soldiers in Idlib.

It was not immediately clear if the casualty number only represents Syrian troops killed directly by the Turkish military or includes those killed by Turkish-backed armed groups. Erdogan added that “seven warehouses with chemicals” were also destroyed in Syria, but did not offer any details or evidence regarding whether Syria still had chemical weapons in its possession. The Turkish leader said fighting against the Syrian government is necessary to prevent a humanitarian disaster in Idlib, which would cause a new influx of refugees into Turkey across the border. Part of the Turkish response to the situation was opening the border with Europe to asylum-seekers. Erdogan said the EU failed to support Turkey, which already hosts over 3,6 million refugees from Syria and faces as many as 4 million new arrivals now.

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Does NATO Article 5 apply to members invading the sovereign soil of other nations?

Threat Of Russia-Turkey-NATO Hot War A Godsend For US Foreign Policy (RT)

Turkey is calling for NATO’s protection after 33 of its soldiers were killed in an apparent Syrian airstrike in Idlib, allegedly while fighting in terrorist ranks. In the regional chaos that ensues, only one player stands to gain.
Speculation over what’s to come next has seen #article 5 trending on Twitter in the hours following the attacks, after Omer Celik, spokesman for Turkey’s ruling AKP party, indicated to reporters in Ankara that he was looking at requesting formal NATO protection against Damascus and, by proxy, the Russian air force. “We call on NATO to [start] consultations. This is not [an attack] on Turkey only, it is an attack on the international community. A common reaction is needed. The attack was also against NATO,” Celik told Turkish media.

Article 5 of the NATO treaty says an attack on one member is an attack on them all. The US State Department also condemned the attack, stating that it stands by its “NATO ally Turkey.” It further stated that it continues to “call for an immediate end to this despicable offensive by the Assad regime, Russia and Iranian-backed forces.” Never one to let us down, the US envoy to NATO Kay Bailey Hutchinson also told journalists that “everything is on the table.” However, it is unclear if NATO has the stamina to back Turkey in any meaningful way in a war against a Syrian government which is backed by Russian air power. It is also unclear if Article 5 extends to NATO allies when they have effectively invaded a foreign entity. In fact, even if no corporate media entity would willingly admit it, the nation defending itself in this specific set of facts is Syria – not Turkey.

That being said, Ankara has found a way to ensure that European nations do not flat-out ignore the situation. Just recently, Turkey reportedly opened up the Idlib border to allow an influx of Syrian refugees to flee to Europe, which will surely magnify regional tensions to a significant extent. Moscow has responded to the situation by highlighting Ankara’s relationship with the various jihadist entities in Syria. According to Russia’s Defense Ministry, the airstrike was carried out when the Syrian Army was repelling an offensive by Syria’s official al-Qaeda offshoot, Hayat Tahrir al-Sham, inside the Idlib “de-escalation zone.” Of course, anyone who has been paying attention to the war in Syria can appreciate that Ankara’s material and financial support for terrorist groups in Syria, including and especially Islamic State (IS, formerly ISIS/ISIL), has long been documented.

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Erdogan buys Russian anti-rocket systems, then asks NATO for support with air defense.

Greece Vetoes NATO Communique Intended to Support Turkey in Syria (GR)

Greece blocked the issuance of a joint communique from NATO on Friday night, intended to support Turkey in its war inside Syrian territory. According to Greece’s Kathimerini daily, which quotes Greek Foreign Ministry officials, Athens decided to block the joint NATO declaration because several of its members denied Greece’s demand to add a paragraph, which would have mentioned the issue of refugee and migrant influx from Turkey to Greece. According to this report, the USA, the UK, France, and Germany disagreed with Greece’s demand.


Meanwhile, Turkey asked NATO for additional support, particularly in its air defense in Syria. Most of the members of the North Atlantic alliance see this situation as an opportunity to bring Turkey closer to its allies in the West, pausing Ankara’s flirt with Russia. This was the reason why most of NATO’s ”big” players did not want to anger Turkey, by adding a clause that would mention immigration, particularly at a time when Ankara declares its inability to deal with approximately 4 million refugees and migrants currently in its territory.

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Greece has sent in the army to hold of some 13,000 migrants at the border. Either the EU acts now, or people are going to be killed.

Turkey Minister: 76,358 Migrants Headed To Border With Greece (K.)

Turkey’s Interior Minister Suleyman Soylu claims, in a Twitter post, that 76,358 migrants had passed through the border city of Edirne by Sunday morning on their way to the border crossing with Greece. “As of 09.55 hours, the number of immigrants leaving our country via Edirne is 76 thousand 358,” said Soylu, according to the Demiroren News Agency. Turkey has opened its borders for migrants to cross into the EU and has aided them by providing buses to Edirne.

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Feb 282020
 


Lewis Wickes Hine Gus Hodges, 11, instructs brother Julius 5. I found Gus selling as late as 9 pm, Norfolk VA 1911

 

England Only Has 15 Beds For Worst Respiratory Cases (G.)
Diagnosis Of Coronavirus Patient In California Was Delayed For Days (NPR)
The Last Time This Happened Was Days Before The Great Depression (ZH)
Whistleblower Claims ‘Corrupt Cover-Up’ Of Dangerous Coronavirus Quarantines (ZH)
Greece Reports 4 Coronavirus Cases, Cancels Carnival (K.)
Abe Urges Japan March School Shutdown To Stem Coronavirus (R.)
EU Experts: Closing Borders ‘Ineffective’ For Coronavirus (EUO)
Turkey Says Can’t Contain Europe-Bound Syrian Refugees Amid Idlib Battle (RT)
Idlib Attack That Killed 33 Turkish Soldiers Was ‘Also Against NATO’ (RT)
East Africa Faces New Locust Threat (R.)
Not Quack-Checked! MSM Dives For ‘Chinese Duck Army’ Story (RT)
How Gold Is Manipulated (Rickards)
Biden Treated Ukraine ‘As His Private Property’ – Ex-Prosecutor Shokin (RT)
Ethics Complaint Questions How Devin Nunes Pays For Lawsuits (Hill)
UK Mainstream Media Participate In Assange Crucifixion (Galloway)
Julian Assange Leaked US Files For Political Ends – Lawyers (G.)
Your Man in the Public Gallery – The Assange Hearing Day 3 (Craig Murray)

 

Cases 83,733 (+ 1,314 from yesterday’s 82,419).

Deaths 2,860 (+ 52 from yesterday’s 2,808)

 

• Holland (2), N-Ireland, New Zealand, Nigeria(!!), Lithuania first case
• Italy 653 cases, 17 deaths
• France 38 cases from 18 yesterday
• Germany 14 new cases, total 48
• Iran 245 confirmed cases, 26 deaths
• South Korea 256 new cases, total 2,337, over 1,000 new cases in 48 hours.
• China 327 new cases and 44 new deaths
– 180 million students homeschooled
• California 28 cases, monitoring 8400
• Greece 4 cases
• Starbucks says 85% of Chinese restaurants reopened
• Countries (Japan, UK) prepare to close down schools for months on end

From SCMP:

 

 

From Worldometer (Note: mortality rate down to 7%)

 

 

 

 

 

 

As I said yesterday: Coming to a town near you soon.

England Only Has 15 Beds For Worst Respiratory Cases (G.)

England only has 15 available beds for adults to treat the most severe respiratory failure and will struggle to cope if there are more than 28 patients who need them if the number of coronavirus cases rises, according to the government and NHS documents. Ministers have revealed in parliamentary answers that there are 15 available beds for adult extracorporeal membrane oxygenation (ECMO) treatment at five centres across England. The government said this could be increased in an emergency. There were 30 such beds in total available during the 2018-19 winter flu season. But an NHS England document prepared in November 2017 reveals the system will struggle to cope if more than 28 patients need the treatment, describing that situation as black/critical.

It suggests that if no beds are available “within the designated and surge capacity” in the UK, they might have to be sourced from other countries, for example, from the Karolinska Institute in Sweden. ECMO treatment is used in only the most severe cases of respiratory failure when other treatments are not working. It uses an artificial lung located outside the body to put oxygen into a patient’s blood and continuously pump this blood into and around their body. It has been used to treat Covid-19 cases in China, which is ordering more machines from Germany, according to state media.

In answer to a Labour MP’s question on Thursday about coronavirus preparedness, Jo Churchill, a health minister, said: “Since April 2013, NHS England has commissioned a total of 15 adult respiratory extra corporeal membrane oxygenation beds from five providers in England, with further provision in Scotland. In periods of high demand, capacity can be increased.” Jon Ashworth, the shadow health secretary, questioned the readiness of the NHS to deal with a sharp escalation of coronavirus cases after years of cutbacks. “After years of Tory austerity, we know we’ve lost well over 15,000 beds since 2010,” he said. “We know that last week critical care bed occupancy was running at over 80%…”

https://twitter.com/TVRav/status/1232985651831812096

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Curious: “..in some labs, the third step of that, they were having trouble with getting a quality control validation on that, so it led to inconclusive results,” Azar said. “We now, as of yesterday afternoon, the FDA authorized the use of those tests by using just the first and second step.”

Diagnosis Of Coronavirus Patient In California Was Delayed For Days (NPR)

The first suspected U.S. case of a patient getting the new coronavirus through “community spread” — with no history of travel to affected areas or exposure to someone known to have the COVID-19 illness — was left undiagnosed for days because a request for testing wasn’t initially granted, according to officials at UC Davis Medical Center in Sacramento, Calif. The patient in Northern California is now the 60th confirmed case of the coronavirus in the United States. The Centers for Disease Control and Prevention disclosed the latest case Wednesday evening, as President Trump assigned Vice President Pence to lead the administration’s response to the disease.

“This case was detected through the U.S. public health system — picked up by astute clinicians,” the CDC said in a brief statement about the new patient. UC Davis included more details about the case in its own statement, drawing on an email sent to staff at its medical center. It said the CDC initially ruled out a test for the coronavirus because the patient’s case didn’t match its criteria. “UC Davis Health does not control the testing process,” the hospital noted. The new patient, who lives in Solano County and has not been identified, was transferred to UC Davis Medical in Sacramento County from another hospital this month.

Staff at UC Davis then suspected the patient might be infected with the coronavirus that has caused more than 2,800 deaths. “Upon admission, our team asked public health officials if this case could be COVID-19,” the hospital said. “We requested COVID-19 testing by the CDC, since neither Sacramento County nor CDPH [California Department of Public Health] is doing testing for coronavirus at this time. Since the patient did not fit the existing CDC criteria for COVID-19, a test was not immediately administered. UC Davis Health does not control the testing process.”

[..] The CDC has completed more than 3,600 coronavirus tests, Azar said during a congressional budget hearing on Thursday. While he said it hasn’t had a testing “backlog,” he added that the agency’s test has three steps — and that the last step has posed some problems. “What we found was that in some labs, the third step of that, they were having trouble with getting a quality control validation on that, so it led to inconclusive results,” Azar said. “We now, as of yesterday afternoon, the FDA authorized the use of those tests by using just the first and second step.”

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The “markets” woke up 5-6 weeks late, but now they’re clued in

The Last Time This Happened Was Days Before The Great Depression (ZH)

The US equity market is suffering its worst start to a year since 2009…

In the space of just six days, we went from record high to a ‘correction’ (over 3,000 Dow points and down over 10.5%)…

What is most ominous is the fact that, as NatAlliance Securities reports, “This would be only the second time in history that this has happened. The other? 1928.”

In other words, the only other time the Dow Jones entered a correction this fast from an all time high was months before the start of the Great Depression.

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“..the coronavirus response [is] officially an election issue now…”

Whistleblower Claims ‘Corrupt Cover-Up’ Of Dangerous Coronavirus Quarantines (ZH)

A complaint filed with Health and Human Services (HHS) and promptly leaked to the New York Times alleges that federal health employees interacted with Americans quarantined for possible coronavirus exposure without proper medical training or protective gear, and that health agency leaders engaged in a ‘corrupt cover-up’ when staff members complained, according to the Times. Filed with the Office of the Special Counsel, a whistleblower described as a ‘senior leader’ at HHS said the team was “improperly deployed” to two California military bases to assist with processing American evacuees from coronavirus hot zones in China and elsewhere.

The staff members were sent to Travis Air Force Base and March Air Reserve Base and were ordered to enter quarantined areas, including a hangar where coronavirus evacuees were being received. They were not provided training in safety protocols until five days later, the person said. Without proper training or equipment, some of the exposed staff members moved freely around and off the bases, with at least one person staying in a nearby hotel and leaving California on a commercial flight. Many were unaware of the need to test their temperature three times a day. -New York Times

[..] The Times notes that the complaint comes right after President Trump began to downplay the risks of coronavirus on US soil “amid bipartisan concern about a sluggish and disjointed response by the administration to an illness that public health officials have said is likely to spread through the United States.” In other words, the coronavirus response officially an election issue now.

“The whistle-blower’s account raised questions about whether the Trump administration has taken adequate precautions in its handling of the virus to date, and whether Mr. Trump’s minimization of the risks has been mirrored by other top officials when confronted with potentially disturbing developments.” -New York Times

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Update just in from Reuters:

“Greek woman who recently returned home from northern Italy became Greece’s fourth coronavirus case and is being closely monitored, health authorities said on Friday. The 36-year-old woman has been admitted to a coronavirus isolation unit of the capital’s Attikon Hospital.”

Greece Reports 4 Coronavirus Cases, Cancels Carnival (K.)

Greece reported two new cases of coronavirus in the past 24 hours, bringing the total number of confirmed cases to three, and said it would suspend all carnival celebrations in the country. The health ministry said one of the cases involved a relative of a 38-year-old woman in the northern town of Thessaloniki who became the first confirmed case in Greece. The woman had recently returned from Milan in northern Italy, epicentre of the coronavirus outbreak in Europe. The third reported case, in Athens, was a female who had also visited northern Italy. Among events to be canceled is a carnival parade in the coastal city of Patra slated for March 1, authorities said.

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But the Olympics are on. When you close schools, hospitals close too, because that’s where the mothers work.

Abe Urges Japan March School Shutdown To Stem Coronavirus (R.)

Angry Japanese parents joined bewildered teachers and businesses on Friday in a rush to find new ways to live and work for a month after Prime Minister Shinzo Abe’s shock call for all schools to close in a bid to stop coronavirus spreading. Abe’s unprecedented move late on Thursday to ask local authorities to shut down their schools means students will be out of school from Monday at least until the new academic year starts in early April. Earlier this week the government urged that big gatherings and sports events be scrapped or curtailed for two weeks to contain the virus while pledging that the 2020 Summer Olympics will go ahead in Tokyo.

As of Friday, confirmed cases in Japan topped 200, with four deaths, excluding more than 700 cases and four more deaths from the quarantined cruise liner Diamond Princess. While the virus has hit China hardest so far, causing nearly 80,000 infections and almost 2,800 deaths, according to official Chinese figures, its rapid spread to a number of other countries around in the world in the past week has stoked fresh alarm. Abe’s move – issued as a formal request rather than an order – drew scathing criticism, with health officials left scratching their heads and analysts said the plan was politically motivated and made little sense.

“We’ll just have to get our revenge at the next elections,” @Ayu49Sweetfish tweeted, as working parents with young children were left wondering what to do for the duration. In the northern Hokkaido prefecture, which has seen the largest number of coronavirus cases in Japan, the governor had already announced a closure of all schools until March 4. That left one hospital closing doors to patients without reservations on Friday because about a fifth of its nurses were unable to work while their children were out of school.

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They’ll close their borders to refugees and migrants but not virus carriers. Wonder what happens when Turkey is forced to report corona cases.

EU Experts: Closing Borders ‘Ineffective’ For Coronavirus (EUO)

EU experts said on Thursday (27 February) that refusing entry to an EU country of people with coronavirus symptoms would be counter-productive and “ineffective” to prevent the spread of the virus. “Refusal of entry is not considered an appropriate preventive measure as the virus would spread further” since those potential patients would keep moving in the region without being treated, EU sources said. Instead, the experts advised having “systematic” checks for all those arriving, ensuring a coordinated approach between border guards and national authorities, as well as a real-time exchange of information. The principle of free movement of people in the EU was already in danger in 2015 when some member states introduced border check due to the migration crisis.


Today, six EU countries – Germany, France, Austria, Denmark, Sweden and Norway – still have temporary border controls to prevent irregular migrant flows. However, any member state can notify the EU authorities of the intention of closing borders temporary due to the coronavirus outbreak – a decision that can only be made by member states and that cannot be vetoed by the European Commission. None have yet done so. If national authorities decide to introduce this exceptional measure, it must be justified passing a “test of proportionality”. Additionally, the commission is working on a joint procurement to ensure there is enough protective and medical equipment for health-care workers – and other authorities like the army – over fears that the outbreak of the coronavirus could lead to a supply shortage in some member states. However, this joint initiative has not been launched yet but there is an “increasing interest” among member states to be part of it, EU sources told reporters in Brussels.

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Twitter: “Turkish coastguard not patrolling as before. They just approached a boat heading to Northern #Lesbos and then they left without intercepting” a local from Skala village just told me. It seems that #Turkey‘s government meant what they said.”

Turkey Says Can’t Contain Europe-Bound Syrian Refugees Amid Idlib Battle (RT)

Turkey is no longer able to contain millions of displaced Syrians and has reached “full capacity,” Ankara’s ruling AK party said in a fresh threat to open the floodgates into Europe as tensions over Idlib reach boiling point. With Ankara vowing to go “all in” to halt a Syrian Army offensive to retake Idlib province from rebel militias, AKP spokesman Omer Celik suggested Turkey would soon allow hundreds of thousands of Syrian refugees to pour into Europe, a threat repeatedly made by President Recep Tayyip Erdogan in the past. “Turkey can not bear the pressure of the new refugees, we now say that Turkey is at full capacity,” Celik told CNNTurk early on Friday.

While the spokesman noted Turkey’s refugee policy remains “the same,” he said “We are no longer in a position to hold refugees” amid an expected influx of newly displaced Syrians. An earlier report at Reuters cited an unnamed Turkish official who said much the same, although the official went further in stating that police, coast guard and border security officers had been ordered to “stand down” and allow the refugees to cross into Europe. Turkey and the European Union (EU) struck an agreement in 2016 in hopes of stemming the flow of refugees passing into Europe, with the EU providing some €6 billion ($6.6 billion) to help resettle the displaced people.

Erdogan, however, has slammed the multinational body time and again, insisting it has yet to hand over all of the promised aid. With at least 33 Turkish troops killed in the effort to stop Damascus’ offensive on Idlib – the last remaining militant stronghold, some of which are backed by Ankara – tensions between the two countries have reached new heights. Still engaged in intense skirmishes with militants in Idlib, the Syrian Army has signaled no intention of halting its advance, putting Damascus and Ankara on a collision course as the former fights to reclaim its territory.

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Western media are reluctant to mention Russia, they want the blame to be on Assad. Russia has said that Turkey is supporting terrorists in Syria.

Idlib Attack That Killed 33 Turkish Soldiers Was ‘Also Against NATO’ (RT)

The spokesman for Turkey’s ruling AK party has labelled the Syrian airstrike that allegedly claimed the lives of dozens of Turkish soldiers in rebel-held Idlib an attack on NATO, calling for the US-led alliance to intervene. “We call on NATO to [start] consultations. This is not [an attack] on Turkey only, it is an attack on the international community. A common reaction is needed. The attack was also against NATO,” AKP spokesman Omer Celik told Turkish media on Thursday. At least 33 Turkish soldiers are said to have been killed in Idlib, the last militant stronghold in Syria, in an airstrike Ankara blamed on Damascus. In the wake of initial reports that dozens of Turkish servicemen perished in the raid, Turkish President Receep Erdogan held a 6-hour marathon meeting that concluded early Friday.


The military bloc itself, while pledging support to its “ally Turkey,” has been wary of making any promises. Apparently shocked by reports of the Turkish casualties, US envoy to NATO Kay Bailey Hutchinson reportedly exclaimed “Oh my gosh” in response to the news when speaking to media late Thursday, but dodged the question of whether the US-led alliance would consider invoking Article 5 – which would pave the way for a collective military response to an armed attack on one of its members. However, she did not miss out on a chance to call on Turkey to tear up its deal to buy the Russian-made S-400 missile defense system, while also taking a jab at Moscow: “They see what Russia is, they see what they are doing now” – despite the fact that Ankara has not blamed Moscow for the attack.

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And Pakistan. Now add a coronavirus outbreak.

East Africa Faces New Locust Threat (R.)

Countries in East Africa are racing against time to prevent new swarms of locusts wreaking havoc with crops and livelihoods after the worst infestation in generations. A lack of expertise in controlling the pests is not their only problem: Kenya temporarily ran out of pesticides, Ethiopia needs more planes and Somalia and Yemen, torn by civil war, can’t guarantee exterminators’ safety. Locust swarms have been recorded in the region since biblical times, but unusual weather patterns exacerbated by climate change have created ideal conditions for insect numbers to surge, scientists say. Warmer seas are creating more rain, wakening dormant eggs, and cyclones that disperse the swarms are getting stronger and more frequent.


In Ethiopia the locusts have reached the fertile Rift Valley farmland and stripped grazing grounds in Kenya and Somalia. Swarms can travel up to 150 km (93 miles) a day and contain between 40-80 million locusts per square kilometer. If left unchecked, the number of locusts in East Africa could explode 400-fold by June. That would devastate harvests in a region with more than 19 million hungry people, the U.N. Food and Agriculture Organization (FAO) has warned. Uganda has deployed the military. Kenya has trained hundreds of youth cadets to spray. Lacking pesticides, some security forces in Somalia have shot anti-aircraft guns at swarms darkening the skies. Everyone is racing the rains expected in March: the next generation of larvae is already wriggling from the ground, just as farmers plant their seeds.

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Popular story though.

Not Quack-Checked! MSM Dives For ‘Chinese Duck Army’ Story (RT)

Western media have fallen hard for an apparently fake if adorable story about a 100,000-strong “duck army” China has supposedly marched to fight the billions of locusts currently laying waste to Pakistan’s food supply. Initially published by local Chinese outlet Ningbo Evening News, the clickbait-tastic story, complete with a video showing a herd of ducks supposedly marching in formation, proved impossible to resist – or to factcheck – and spread around the world by the time people started asking questions. Supposedly reputable outlets including the BBC, Bloomberg, and Time unquestioningly parroted the story about “special Chinese ducks” that would be “more effective than pesticide” – not to mention better for the environment – in taking on the ravenous swarms.

Citing Lu Lizhi, said to be a senior researcher with the Zhejiang Academy of Agricultural Sciences, the stories called the ducks a “biological weapon” and predicted they’d be unleashed against the hungry insects “as early as the second half of this year” following a test-run in China’s Xinjiang province. Alas, the story of locust-eating ducks fighting the devastating biblical plague has proved to be largely quackery, media that had covered it began realizing on Thursday. Unfortunately for Pakistan, which declared a national emergency earlier this month over the devastating infestation, an avian army is not waddling to their rescue, and even if they were, they wouldn’t do much good.

The Food and Agriculture Organization did the math and found an army of 100,000 ducks could only eat 20 million locusts in a day, while just one square kilometer of swarming locusts contains anywhere from 40 to 80 million of the insects. Also, swarms may stretch over hundreds of square kilometers, as they have in some locust-stricken areas of Africa.

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Markets are falling off a cliff, and gold hardly moves. That’s what manipulation looks like.

How Gold Is Manipulated (Rickards)

Currently the price of gold is set in two places. One is the London spot market, controlled by six big banks including Goldman Sachs and JPMorgan. The other is the New York gold futures market controlled by COMEX, which is governed by its big clearing members, also including major western banks. In effect, the big western banks have a monopoly on gold prices even if they do not have a monopoly on physical gold. The easiest way to perform paper manipulation is through COMEX futures. Rigging futures markets is child’s play. You just wait until a little bit before the close and put in a massive sell order. By doing this you scare the other side of the market into lowering their bid price; they back away.

That lower price then gets trumpeted around the world as the “price” of gold, discouraging investors and hurting sentiment. The price decline spooks hedge funds into dumping more gold as they hit “stop-loss” limits on their positions. A self-fulfilling momentum is established where selling begets more selling and the price spirals down for no particular reason except that someone wanted it that way. Eventually a bottom is established and buyers step in, but by then the damage is done. Futures have a huge amount of leverage that can easily reach 20 to 1. For $10 million of cash margin, I can sell $200 million of paper gold.

[..] Another way to manipulate the price is through gold leasing and “unallocated forwards.” “Unallocated” is one of those buzzwords in the gold market. When most large gold buyers want to buy physical gold, they’ll call JPMorgan Chase, HSBC, Citibank, or one of the large gold dealers. They’ll put in an order for, say, $5 million worth of gold. The bank will say fine, send us your money for the gold and we’ll offer you a written contract in a standard form. Yet if you read the contract, it says you own gold on an “unallocated” basis. That means you don’t have designated bars.

There’s no group of gold bars that have your name on them or specific gold bar serial numbers that are registered to you. In practice, unallocated gold allows the bank to sell the same physical gold ten times over to ten different buyers. It’s no different from any other kind of fractional reserve banking. Banks never have as much cash on hand as they do deposits. Every depositor in a bank thinks he can walk in and get cash whenever he wants, but every banker knows the bank doesn’t have that much cash. The bank puts the money out on loan or buys securities; banks are highly leveraged institutions.

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How long can Biden keep this documentary under wraps?

Biden Treated Ukraine ‘As His Private Property’ – Ex-Prosecutor Shokin (RT)

Former top Ukrainian prosecutor Viktor Shokin says he was pushed out under pressure from US Vice President Joe Biden, after he seized the assets of the oligarch behind Burisma, the gas company that employed Biden’s son. President Donald Trump’s efforts to investigate Biden’s role in getting Shokin fired served as a pretext for his impeachment in the House of Representatives back in December. However, after Trump was acquitted by the Senate, the US media forgot about Burisma — and Ukraine. French investigative journalist Olivier Berruyer, founder of popular anti-corruption and economics blog Les Crises, did not.

In the fourth installment of his documentary series ‘UkraineGate: Inconvenient facts,’ Shokin reveals why and how he was ousted and what role the US has played in Ukraine. Shokin tells Berruyer that Biden and the US government had approved his appointment as prosecutor-general — as, indeed, they did all major appointments in Ukraine since the 2014 Maidan upheaval? — and worked with him well until he started getting too close to Burisma. He rejected reports that described his probe as “dormant.” “Biden was acting on behalf of his own interests, and those of his family, and not in the interest of the American people,” Shokin said, adding that Barack Obama’s VP “believed that Ukraine was his private property, his fiefdom and that he could do whatever he wanted here.”

Within a few days of Shokin seizing the assets of Mykola Zlochevsky, the oligarch owner of Burisma, President Petro Poroshenko summoned him and told him to back off. “Don’t you understand what Biden wants from you? Why are you getting into this Burisma stuff again?” Shokin quoted Poroshenko as saying. Within a few weeks, he was replaced by someone Biden called “more solid” – Yuriy Lutsenko, who had no training in law, and whom Shokin describes as a traitor to Ukraine.

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Absolutely non-partisan.

Ethics Complaint Questions How Devin Nunes Pays For Lawsuits (Hill)

A nonpartisan watchdog group in an ethics complaint Wednesday asked Congress to investigate how Rep. Devin Nunes (R-Calif.) is paying for several ongoing lawsuits against critics. In its complaint to the Office of Congressional Ethics, the Campaign Legal Center notes Nunes’s annual congressional salary of $174,000 would likely not cover the costs of the various suits, indicating that he is either receiving free or discounted legal services or working on contingency with an attorney, all of which would require him to disclose the assistance. Nunes has yet to file a legal expense fund with the Office of Congressional Ethics. “Representative Nunes’s overt involvement with the highly-publicized lawsuits threatens to establish a precedent that the Legal Expense Fund regulations no longer apply to Members,” the complaint states. “Although Representative Nunes is entitled to legal representation and he may pursue any legal action to protect and defend his interests, he must comply with House rules,” it continued.


“An [Office of Congressional Ethics] investigation will preserve Representative Nunes’s legal right to counsel while upholding well-established House rules and precedent.” Defendants in Nunes’s lawsuits include Twitter, CNN, McClatchy and two anonymous Twitter accounts that have mocked him. The complaint also claims that even if Nunes was paying Virginia attorney Steven Biss based on contingency — meaning that should Nunes win his cases, Biss would get paid by taking a percentage the resulting award — Biss has also sent two letters demanding apologies for criticisms from Rep. Ted Lieu (D-Calif.) and Nunes’s 2017 opponent Andrew Janz. “Mr. Biss sent a letter to Representative Lieu threatening to bring an ethics complaint against him,” the complaint reads. “An ethics complaint will not result in a monetary award that could support payment under a contingency fee agreement.”

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“..the arrow that flies in the night..”

UK Mainstream Media Participate In Assange Crucifixion (Galloway)

The vast majority of the Fourth Estate in Britain either care nothing for the plight of Julian Assange, or are actively participating in his crucifixion. On the face of it, that makes no sense. If it were the intention of these journalists to actually be worthy of that name, then the proceedings in Belmarsh would be the biggest story in their world. The law being tested in the Woolwich Crown Fort would be a mortal danger to them, a dagger at their throat, a sword of Damocles hanging over their head. The prosecution made perfectly clear that the mere possession by a newspaper or a broadcaster of the foreign state secrets published by Assange would itself be a crime under the US Espionage Act, and thus they themselves open to an extradition request from a foreign state.


Though this statement was made in “open court,” virtually no msm journalist even reported it, never mind condemned it. How has this situation come about? Whatever happened to Woodward and Bernstein, to the Sunday Times devastating campaign against the Thalidomide scandal, the New York Times revelations of the Pentagon Papers? Where is the reporting about My Lai? The answer lies in the words of Francis Bacon four centuries ago, when he foretold of the impact of self-censorship: “the arrow that flies in the night” he called it. You don’t see it but it kills its quarry just the same. If Julian Assange is sent into the dungeons of America, free journalism, free speech and even democracy itself will have been murdered in plain sight. On the British mainstream media watch.

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“Fitzgerald responded that Assange didn’t only seek to change US government policy, but that he succeeded.”

Julian Assange Leaked US Files For Political Ends – Lawyers (G.)

Julian Assange’s legal team has rejected a suggestion by lawyers for US authorities that his actions were not “political offences”, arguing that the WikiLeaks founder had published classified documents to highlight human rights abuses. On the fourth day of Assange’s extradition hearing in London, before proceedings were adjourned until May, his barrister, Edward Fitzgerald QC, said the motives for publishing confidential information about Guantánamo Bay and the actions of the US military in Iraq and Afghanistan were political. Assange faces 18 charges in the US of attempted hacking and breaches of the Espionage Act over the publication of classified US cables a decade ago.

His defence argues that he should be protected from extradition because the US-UK treaty rules it out for political offences. James Lewis QC, a barrister for the US authorities, argued earlier on Thursday that Assange’s actions were not inherently political as they did not have the direct purpose of overthrowing the US government or changing US government policy. “Any bare assertion that WikiLeaks was engaged in a struggle with the US government … needs to be examined far more,” he told Woolwich crown court. Fitzgerald responded that Assange didn’t only seek to change US government policy, but that he succeeded. “WikiLeaks didn’t just seek to induce change, it did induce change,” he said, referring to the withdrawal of US troops from Iraq.

“What other purpose can there be publishing the Apache helicopter strike [video, showing the killing of 12 people] and [US] rules of engagement than to show that the war was being waged in a way that conflicted with fundamental human rights? “What other point can there be to releasing the Guantánamo Bay files than to induce a government change of policy? And the same for revealing civilian deaths in the Iraq war – [it] was to induce a change in government policy.’’

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Murray in court.

Your Man in the Public Gallery – The Assange Hearing Day 3 (Craig Murray)

Edward Fitzgerald made a formal application for Julian to be allowed to sit beside his lawyers in the court. Julian was “a gentle, intellectual man” and not a terrorist. Baraitser replied that releasing Assange from the dock into the body of the court would mean he was released from custody. To achieve that would require an application for bail. Again, the prosecution counsel James Lewis intervened on the side of the defence to try to make Julian’s treatment less extreme. He was not, he suggested diffidently, quite sure that it was correct that it required bail for Julian to be in the body of the court, or that being in the body of the court accompanied by security officers meant that a prisoner was no longer in custody.

Prisoners, even the most dangerous of terrorists, gave evidence from the witness box in the body of the court nest to the lawyers and magistrate. In the High Court prisoners frequently sat with their lawyers in extradition hearings, in extreme cases of violent criminals handcuffed to a security officer. Baraitser replied that Assange might pose a danger to the public. It was a question of health and safety. How did Fitzgerald and Lewis think that she had the ability to carry out the necessary risk assessment? It would have to be up to Group 4 to decide if this was possible. Yes, she really did say that. Group 4 would have to decide.

Baraitser started to throw out jargon like a Dalek when it spins out of control. “Risk assessment” and “health and safety” featured a lot. She started to resemble something worse than a Dalek, a particularly stupid local government officer of a very low grade. “No jurisdiction” – “Up to Group 4”. Recovering slightly, she stated firmly that delivery to custody can only mean delivery to the dock of the court, nowhere else in the room. If the defence wanted him in the courtroom where he could hear proceedings better, they could only apply for bail and his release from custody in general. She then peered at both barristers in the hope this would have sat them down, but both were still on their feet.

In his diffident manner (which I confess is growing on me) Lewis said “the prosecution is neutral on this request, of course but, err, I really don’t think that’s right”. He looked at her like a kindly uncle whose favourite niece has just started drinking tequila from the bottle at a family party. Baraitser concluded the matter by stating that the Defence should submit written arguments by 10am tomorrow on this point, and she would then hold a separate hearing into the question of Julian’s position in the court.

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From Greece.

 

 

 

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Dec 312019
 
 December 31, 2019  Posted by at 10:30 am Finance Tagged with: , , , , , , , , , ,  15 Responses »


Peter Beard Francis Bacon on his Roof at 80 Narrow Street, London 1972

 

The Decade of Debt (R.)
I, Who Vowed to Never Short Stocks Again, Just Shorted the Entire Market (WS)
Pelosi’s Half Right Constitutional Claim Leaves The House All Wrong (Turley)
Strzok Claims FBI, DOJ Violated His Free Speech, Privacy Rights (Hill)
Tulsi: Impeachment Greatly Increased Likelihood Of Trump Reelection (Hill)
Forecast 2020 — Whirlin’ and Swirlin’ (Kunstler)
States Are Already Paying For Unfunded Pensions (Platt)
Ex-Nissan Boss Ghosn Says Is In Lebanon, Fleeing Japan’s ‘Rigged’ Justice (R.)
How Fentanyl Spread Across the US (Kolitz)
UK MoD Proposed Russian Membership Of NATO In 1995 (G.)
Images Of ‘Mayhem’ And ‘Armageddon’ As Bushfires Rage (G.)

 

 

Leave it to Reuters to turn this into a bland story. Oh, and just you watch the next decade.

The Decade of Debt (R.)

Whatever nickname ultimately gets attached to the now-ending Twenty-tens, on Wall Street and across Corporate America it arguably should be tagged as the “Decade of Debt.” With interest rates locked in at rock-bottom levels courtesy of the Federal Reserve’s easy-money policy after the financial crisis, companies found it cheaper than ever to tap the corporate bond market to load up on cash. Bond issuance by American companies topped $1 trillion in each year of the decade that began on Jan. 1, 2010, and ends on Tuesday at midnight, an unmatched run, according to SIFMA, the securities industry trade group. In all, corporate bond debt outstanding rocketed more than 50% and will soon top $10 trillion, versus about $6 trillion at the end of the previous decade.


The largest U.S. companies – those in the S&P 500 Index – account for roughly 70% of that, nearly $7 trillion. What did they do with all that money? It’s a truism in corporate finance that cash needs to be either “earning or returning” – that is, being put to use growing the business or getting sent back to shareholders. As it happens, American companies did a lot more returning than earning with their cash during the ‘Tens. In the first year of the decade, companies spent roughly $60 billion more on dividends and buying back their own shares than on new facilities, equipment and technology. By last year that gap had mushroomed to more than $600 billion, and the gap in 2019 could be just as large, especially given the constraint on capital spending from the trade war.

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Just too juicy.

I, Who Vowed to Never Short Stocks Again, Just Shorted the Entire Market (WS)

In my decades of looking at the stock market, there has never been a better setup. Exuberance is pandemic and sky-high. And even after today’s dip, the S&P 500 is up nearly 29% for the year, and the Nasdaq 35%, despite lackluster growth in the global economy, where many of the S&P 500 companies are getting the majority of their revenues. Mega-weight in the indices, Apple, is a good example: shares soared 84% in the year, though its revenues ticked up only 2%. This is not a growth story. This is an exuberance story where nothing that happens in reality – such as lacking revenue growth – matters, as we’re now told by enthusiastic crowds everywhere.

Until just a couple of months ago, the touts were out there touting negative interest rates soon to come to the US and thus making stocks the only place to be. Those touts have now been run over by the reality. Now they’re touting QE4 by the Fed, or whatever. And people were looking for any reason to buy. The unanimity of it all was astounding. I’ve seen this before, but not in this magnitude. And there is this: As stocks were surging over the past few months, investors with large gains who wanted to sell didn’t sell before year-end in order to defer that income for tax considerations. So there was reduced selling pressure from that group that would have liked to sell, and that will sell after the new year starts.

So I shorted the stock market today, December 30 – me who is on record of saying repeatedly that I would never ever short anything ever again, after the debacle of November 1999 when I shorted the most obviously ridiculous Nasdaq high-fliers a few months too early. They collapsed to near-zero, but not before ripping off my face.

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Turley’s on a roll.

Pelosi’s Half Right Constitutional Claim Leaves The House All Wrong (Turley)

Harvard law professor Laurence Tribe has penned an editorial column in support of the refusal of Speaker Nancy Pelosi to submit House articles of impeachment to the Senate for trial. Tribe declares this strategy is not just constitutional but also commendable. That view may be half right on the Constitution. However, it leaves Pelosi all wrong on her unprecedented gaming of the system. The withholding of the articles is not only facially inappropriate. It shatters the fragile rationale for the rush to impeach. Tribe focuses on a point on which I agree entirely. We both have criticized the position of Harvard law professor Noah Feldman, who testified with me in the House Judiciary Committee hearings, that President Trump has not really been impeached.

Feldman insists that impeachment occurs only when the articles and a slate of House trial managers are submitted to the Senate for trial. However, there is no support for that interpretation in the text or history of the Constitution. Indeed, English impeachments by the House of Commons often were not taken up for trial in the House of Lords, yet all those individuals still were referenced as impeached. Now for our point of disagreement. The Constitution does not state that the House must submit the articles of impeachment to the Senate at any time, let alone in a specific period of time. Tribe insists this means that the “House rules unmistakably leave to the House itself” when to submit an impeachment for trial. There are, in fact, two equal houses of Congress.

Faced with a House manipulating the system, the Senate can change its rules and simply give the House a date for trial then declare a default or summary acquittal if House managers do not come. It is the list of House trial managers that is necessary for Senate proceedings to commence. The “standing rules of procedure and practice in the Senate when sitting on impeachment trials” are triggered when the House gives notice that “managers are appointed.” The Senate is given notice of the impeachment in the congressional record shared by both houses. The articles are later “exhibited” by the managers at the trial. Waiting for the roster of managers is a courtesy shown by the Senate to the House in preparing its team of managers for the trial.

We have never experienced this type of bicameral discourtesy where the House uses articles of impeachment to barter over the details of the trial. Just as the Senate cannot dictate the handling of impeachment investigations, the House cannot dictate the trial rules.

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Feels weak overall, given the contents of his mails to Lisa Page.

Strzok Claims FBI, DOJ Violated His Free Speech, Privacy Rights (Hill)

Former FBI agent Peter Strzok, a onetime member of former special counsel Robert Mueller’s Russia probe, is claiming the FBI and Justice Department violated his rights of free speech and privacy when firing him for uncovered texts that criticized President Trump. Strzok and his legal team made the claims in a court document filed Monday that pushes back on the Department of Justice’s (DOJ) motion to dismiss the lawsuit he filed in August over his ouster a year earlier. DOJ alleged in its motion to dismiss that Strzok’s role in high-profile investigations meant he was held to a higher standard when it came to speech.

But Strzok’s legal team disputed this in Monday’s filing, saying that the approximately 8,000 other employees in similar positions retain their privacy even when using government-issued devices. “The government’s argument would leave thousands of career federal government employees without protections from discipline over the content of their political speech,” the filing said. “Nearly every aspect of a modern workplace, and for that matter nearly every non-workplace aspect of employees’ lives, can be monitored,” it added. “The fact that a workplace conversation can be discovered does not render it unprotected.”

Strzok’s team also accuses the bureau and DOJ of only punishing those who condemn Trump, as “there is no evidence of an attempt to punish” those who verbally backed the president ahead of the 2016 election. The FBI declined to comment, saying the bureau does not comment on pending litigation. “It doesn’t matter who you are — someone, like Pete, who has devoted his whole life to protecting this country, or a Gold Star family, or a Purple Heart winner, or a lifelong Republican who spent 5 years as a POW in North Vietnam. If you dare to raise your voice against President Trump, he and his allies will try to destroy you,” Strzok attorney Aitan Goelman said in a statement to The Hill.

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Trying to please the DNC. Not.

Tulsi: Impeachment Greatly Increased Likelihood Of Trump Reelection (Hill)

Rep. Tulsi Gabbard (D-Hawaii) predicted Monday that it would be more difficult for House Democrats to remain in control of the House following passage of articles of impeachment against President Trump. In a video tweeted Monday evening, the 2020 candidate for president wrote that Trump’s chances of winning reelection had been “greatly increased” because of the House’s vote. “Unfortunately, the House impeachment of the president has greatly increased the likelihood Trump will remain the president for the next 5 years,” Gabbard says in the video. “We all know that Trump is not going to be found guilty by the U.S. Senate,” she added. The remarks are not the first Gabbard has made warning against Trump’s impeachment. She made similar comments just days ago in New Hampshire, arguing that Trump’s supporters would be emboldened by the House’s move heading in to 2020.

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“..the Golden Golem of Greatness himself, rises in his pajamas and tweets that, at long, long last, he has finally got “woke,” changed his name to Donatella..”

Forecast 2020 — Whirlin’ and Swirlin’ (Kunstler)

[..] a venerable institution such as The New York Times can turn from its mission of strictly pursuing news and be enlisted as the public relations service for rogue government agencies seeking to overthrow a president under false pretenses. The overall effect is of a march into a new totalitarianism, garnished with epic mendacity and malevolence. Since when in the USA was it okay for political “radicals” to team up with government surveillance jocks to persecute their political enemies? This naturally leads to the question: what drove the American thinking class insane?

I maintain that it comes from the massive anxiety generated by the long emergency we’ve entered — the free-floating fear that we’ve run out the clock on our current way of life, that the systems we depend on for our high standard of living have entered the failure zone; specifically, the fears over our energy supply, dwindling natural resources, broken resource supply lines, runaway debt, population overshoot, the collapsing middle-class, the closing of horizons and prospects for young people, the stolen autonomy of people crushed by out-of-scale organizations (government, WalMart, ConAgra), the corrosion of relations between men and women (and of family life especially), the frequent mass murders in schools, churches, and public places, the destruction of ecosystems and species, the uncertainty about climate change, and the pervasive, entropic ugliness of the suburban human habitat that drives so much social dysfunction.

You get it? There’s a lot to worry about, much of it quite existential. The more strenuously we fail to confront and engage with these problems, the crazier we get. Much of the “social justice” discontent arises from the obvious and grotesque income inequality of our time accompanied by the loss of meaningful work and the social roles that go with that. But quite a bit of extra tension comes from the shame and disappointment over the failure of the long civil rights campaign to correct the racial inequalities in American life — everything from attempts at school integration to affirmative action (by any name) to “multiculturalism” to the latest innovations in “diversity and inclusion.”

[..] By 2020 Wokesterism has shot its wad and the Wokesters are banished to a windowless room in the sub-basement of America’s soul where they can shout at the walls, point their fingers, grimace spittlingly, and issue anathemas that no one will listen to. And when they’re out of gas, they can kick back and read the only book in the room: Mercy, by Andrea Dworkin. And then, one fine spring morning, after everyone else has given up on it, Donald Trump, social media troll-of-trolls, the Golden Golem of Greatness himself, rises in his pajamas and tweets that, at long, long last, he has finally got “woke,” changed his name to Donatella, and declared his personal pronoun to be “you’all.”

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“When a company defaults, there is a clear legal framework for who gets paid back first. This isn’t the case for states, however, as there is no such legal structure, nor much precedent.”

States Are Already Paying For Unfunded Pensions (Platt)

Kicking pension problems into the future is popular with politicians, enabling them to make promises and let voters worry later about borrowing costs. But large, unfunded state pension liabilities are a costly problem—and the cost is already reflected in current bond prices, research by Chicago Booth PhD candidate Chuck Boyer suggests. “The public pension funding crisis is not merely about future insolvency,” he writes. “Future obligations are having an effect on debt spreads right now.” To many Americans, it may seem unimaginable that states would fail to fully pay pensions promised to teachers, firefighters, and other public-service workers.

It has been almost 90 years since the last state default: during the Great Depression, Arkansas owed over $160 million to debt payments, which was nearly half of the state’s annual revenue (and equivalent to roughly $3 billion in 2019 dollars). The debt was restructured and “debtholders were eventually made whole,” Boyer writes in recounting this history. However, pension obligations are mounting in many states, and officials are struggling to cut costs and raise taxes to pay what is owed. And he argues that the effects can be seen in the $3.8 trillion capital market for US municipal bonds, which includes bonds issued by 50,000 state and local governments. When a company defaults, there is a clear legal framework for who gets paid back first.

This isn’t the case for states, however, as there is no such legal structure, nor much precedent. The markets’ expectations, then, are built into bond prices. Bondholders, wary of how a default could play out, demand a premium. Using annual fiscal reports released by state governments, Boyer looked at the ratio of unfunded pension liabilities to GDP from 2002 to 2016 and estimates that every 1-standard-deviation increase is associated with a 27–32 basis-point increase in bond spreads over the Treasury rate, up to a fifth of the average total spread. Unfunded pensions cost US states more than $2 billion in lost bond-issuance proceeds in 2016, he calculates, adding that he considers that a conservative estimate.

But the penalty that a state would essentially pay in the form of higher spreads varies from state to state, providing some indication of how the market thinks a default could play out. States where pensioners have more legal protections and their unions have more bargaining power (and maybe higher public support) are paying higher borrowing costs. In these areas, debtholders see a higher risk of default—perhaps assuming states would take care of pensioners before bondholders, who are mostly high-net-worth and retail investors.

Read more …

Walking away from a $9 million bond.

Ex-Nissan Boss Ghosn Says Is In Lebanon, Fleeing Japan’s ‘Rigged’ Justice (R.)

Ousted Nissan boss Carlos Ghosn confirmed he fled to Lebanon, saying he wouldn’t be “held hostage” by a “rigged” justice system and raising questions about how one of the world’s most-recognized executives escaped Japan months before his trial. Ghosn’s abrupt departure marks the latest dramatic twist in a year-old saga that has shaken the global auto industry, jeopardized the alliance of Nissan Motor Co Ltd and top shareholder Renault SA and cast a harsh light on Japan’s judicial system. “I am now in Lebanon and will no longer be held hostage by a rigged Japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied,” Ghosn, 65, said in a brief statement on Tuesday.

“I have not fled justice – I have escaped injustice and political persecution. I can now finally communicate freely with the media, and look forward to starting next week.” Most immediately, it was unclear how Ghosn, who holds French, Brazilian and Lebanese citizenship, was able to orchestrate his departure from Japan, given that he had been under strict surveillance by authorities while out on bail and had surrendered his passports. Japanese immigration authorities had no record of Ghosn leaving the country, Japanese public broadcaster NHK said. A person resembling Ghosn entered Beirut international airport under a different name after flying in aboard a private jet, NHK reported, citing an unidentified Lebanese security official.

His lawyers were still in possession of his three passports, one of his lawyers, Junichiro Hironaka, told reporters in comments broadcast live by NHK. Hironaka said the first he had heard of Ghosn’s departure was on the news this morning and that he was surprised. He also said it was “inexcusable behavior”. [..] Ghosn was arrested at a Tokyo airport shortly after his private jet touched down on Nov. 19, 2018. He faces four charges – which he denies – including hiding income and enriching himself through payments to dealerships in the Middle East. Nissan sacked him as chairman saying internal investigations revealed misconduct ranging from understating his salary while he was its chief executive, and transferring $5 million of Nissan funds to an account in which he had an interest.

Read more …

Words fail. It’s not just bankers that don’t go to jail.

How Fentanyl Spread Across the US (Kolitz)

Often lost in the early news reports was the fact that fentanyl alone wasn’t killing people; many different kinds of fentanyl were. Since its invention in 1959 by the Belgian chemist and doctor Paul Janssen, fentanyl has seen more than 1,400 analogues: twists on the original formula whose origins and effects vary widely. Carfentanil, for instance—100 times stronger than fentanyl—was until 2018 FDA-approved for use as an elephant tranquilizer. It is here that the opioid crisis intersects with (and amplifies) a newer scourge: NPS, or new psychoactive substances, molecularly tweaked stand-ins for traditional street drugs. The best-known of these is probably K2, or Spice, the ostensible marijuana substitute whose high bears little resemblance to the real thing and whose side effects include blood-clotting, kidney failure, and instant death.

But there are hundreds more, and likely thousands in development. Mini-pandemics have erupted across the country, as when, in the course of a single week last year, over 100 people in New Haven overdosed on what was later determined to be AB-FUBINACA, yet another synthetic cannabinoid. Ben Westhoff, in “Fentanyl, Inc.: How Rogue Chemists Are Creating the Deadliest Wave of the Opioid Epidemic”, charts this progression in harrowing detail. We are now dealing, he writes, with “the harshest drug challenge in our history.” His book is one of the first to address what the Centers for Disease Control has called the “third wave” of the opioid crisis: first OxyContin, then heroin, and now fentanyl and its analogues.

Earlier accounts of this crisis – Sam Quinones’s “Dreamland: The True Tale of America’s Opiate Epidemic” or Beth Macy’s “Dopesick: Dealers, Doctors, and the Drug Company That Addicted America” – had in Purdue Pharma the benefit, structural and dramatic, of a villain. More or less everyone can agree that pharmaceutical companies should refrain from wantonly pursuing profit at the expense of public health. Dopesick is rarely a pleasant read, but Macy’s account of Purdue’s first major court battle – which culminated in criminal convictions for three executives and $600 million in fines—provided at least some measure of catharsis.

Read more …

I still wonder what made Yeltsin turn to Putin. Guilt, a rare moment of lucidity?

UK MoD Proposed Russian Membership Of Nato In 1995 (G.)

Russia could have become an “associate member” of Nato 25 years ago if a Ministry of Defence proposal had gained support, according to confidential Downing Street files which also expose Boris Yeltsin’s drinking habits. The suggestion, aimed at reversing a century of east-west antagonism, is revealed in documents released on Tuesday by the National Archives at Kew. Presented by Malcolm Rifkind, then defence secretary, to a Chequers strategy summit, the plan was to dispel Kremlin suspicions of the alliance’s eastwards expansion. In 1995, Yeltsin was president and the cold war over. Relations were in flux as a Russia tried to come to terms with shrunken international borders.

Yeltsin was proving an unpredictable ally. Files show that he urged western leaders at a summit in Halifax, Canada to delay Nato enlargement until after Russia’s elections because “public discussion could provoke trouble”. But poor health and heavy drinking jeopardised his authority. The previous year he had notoriously failed to disembark from a plane during a stopover in Ireland amid rumours of alcoholism and a heart attack. In July 1995, the Moscow embassy cabled about Yeltsin going into hospital due to his “longstanding heart condition”. At Hyde Park, the Roosevelt home in New York, according to US diplomats, Yeltsin subsequently appeared “rolling, puffy and red”. He consumed “wine and beer greedily … and regretted the absence of cognac. One of his aides took a glass of champagne from him when the aide felt enough was enough and he was alcoholically cheerful at his press conference with Clinton.”

[..] In a 10-page submission, Rifkind argued that: “A possible solution would be to create a new category of associate member of Nato. Such a status could not involve article V guarantees [which declares an attack on one state is an attack on all members], membership of the IMS [Nato’s International Military Staff] or Russian vetoes and would not therefore change the essence of Nato. “It would, however, give Russia a formal status within Nato, allow it to attend, as of right, ministerial and other meetings and encourage a gradual convergence and harmonisation of policy, doctrine and practice.”

Read more …

The photos have now all turned red. NOTE: the army still hasn’t been sent in, apparently. The people dying are volunteer firemen.

Images Of ‘Mayhem’ And ‘Armageddon’ As Bushfires Rage (G.)

Thousands of people fled to the lake and ocean in Mallacoota, as bushfires hit the Gippsland town on Tuesday. The out-of-control fire reached the town in the morning and about 4,000 people fled to the coastline, with Country Fire Authority members working to protect them. The town had not been told to evacuate on Sunday when the rest of East Gippsland was, and authorities decided it was too dangerous to move them on Monday. People reported hearing gas bottles explode as the fire front reached the town, and the sound of sirens telling people to get in the water. By 1.30pm the fire had reached the water’s edge. A local man, Graham, told ABC Gippsland he could see fire in the centre of the town, and 20m high flames on the outskirts where he believed homes were alight.

“We saw a big burst of very big flames in Shady Gully,” he said. “As I speak to you I’m looking across Coull’s Inlet and there are big flames … and they would be impacting houses. That’s not good at all.” People in Mallacoota posted in community social media groups estimates of about 20 houses lost, with the school, bowling club and golf club also hit. Hundreds more evacuees sheltered in the community centre. “There are a lot of people at the waterfront jetty, in the lake, on the sand spit between the lake and the ocean, and there are people on a sandbar, and some on boats,” Charles Livingstone told Guardian Australia from the community centre. He said there were at least 350 people in the community centre, many with children and pets. He, his wife and their 18-month-old baby were at the jetty on Monday night but moved to the community centre to avoid the heavy smoke.

Read more …

 

 

 

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Dec 092019
 
 December 9, 2019  Posted by at 10:14 am Finance Tagged with: , , , , , , , , , , ,  6 Responses »


Lewis Wickes Hine News of the Titanic and possible survivors 1912

 

US Banks’ Reluctance To Lend Cash May Have Caused Repo Shock: BIS (R.)
BIS Offers Stunning Explanation Of What Happened On Repocalypse Day (ZH)
The Incredible Shrinking Private Sector (G.)
Northern Ireland Customs Protocol Could Thwart Brexit Plans (G.)
Boris Johnson’s Promise Of Brexit By End Of 2020 Torpedoed By EU Chief (Mi.)
The Invisible Tories (Craig Murray)
China Tells Government Offices To Remove All Foreign Computer Equipment (G.)
NATO Seeks To “Dominate The World”, Eliminate Competitors: Lavrov (ZH)
Russian Air Defense System Shot Down US Drone Over Libyan Capital (R.)

 

 

From what I understand, big banks moved from cash to Treasuries, which decreased the amount of cash available for lending. Hedge funds also play a role. Have they become market makers?

US Banks’ Reluctance To Lend Cash May Have Caused Repo Shock: BIS (R.)

The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent spike in U.S. money market rates, the Bank for International Settlements said. Cash available to banks for short-term funding all but dried up in late September, and interest rates deep in the plumbing of U.S. financial markets climbed into double digits. That forced the Fed to make an emergency injection of billions of dollars for the first time since the global financial crisis more than a decade ago.

While the exact cause of the squeeze is unclear – with explanations ranging from large withdrawals for quarterly tax payments to a big settlement of a trade in U.S. Treasuries – BIS analysts said the growing reliance on the biggest U.S. banks to keep the repo market functioning may have been a big factor. The big four banks, which BIS did not name in its report, have become net providers of funds to repo markets as they account for more than half of all Treasuries held by banks in the United States at the Federal Reserve.

The repo market underpins much of the U.S. financial system, helping ensure banks have liquidity to meet their daily operational needs. In a repo trade, Wall Street firms and banks offer U.S. Treasuries and other high-quality securities as collateral to raise cash, often just overnight, to finance their trading and lending. The next day, borrowers repay the loans plus what is typically a nominal rate of interest and get their bonds back. In other words they repurchase, or repo, the bonds.

Read more …

Did the big banks know the Fed would move in? Were there conversations between JPM and the Fed prior to the move into Treasuries??

BIS Offers Stunning Explanation Of What Happened On Repocalypse Day (ZH)

About a month ago, we first laid out how the sequence of liquidity-shrinking events that started about a year ago, and which starred the largest US commercial bank, JPMorgan, ultimately culminated with the mid-September repo explosion. Specifically we showed how JPM’s drain of liquidity via Money Markets and reserves parked at the Fed may have prompted the September repo crisis and subsequent launch of “Not QE” by the Fed in order to reduce its at risk capital and potentially lower its G-SIB charge – currently the highest of all major US banks.

Shortly thereafter, the FT was kind enough to provide confirmation that the biggest US bank had been quietly rotating out of cash, while repositioning its balance sheet in a major way, pushing more than $130bn of excess cash away from reserves in the process significantly tightening overall liquidity in the interbank market. We learned that the bulk of this money was allocated to long-dated bonds while cutting the amount of loans it holds, in what the FT dubbed was a “major shift in how the largest US bank by assets manages its enormous balance sheet.”

The moves saw the bank’s bond portfolio soar by 50%, and were prompted by capital rules that treated loans as riskier than bonds. And since JPM has been aggressively returning billions of dollars to shareholders in dividends and share buybacks each year, JPMorgan had far less room than most rivals to hold riskier assets, explaining its substantially higher G-SIB surcharge, which indicated that the Fed currently perceives JPM as the riskiest US bank for a variety of reasons. An executive at a large institutional investor told the FT that what JPM did “is incredible”, adding that “the scale of what JPMorgan is doing is mind-boggling . . . migrating out of cash into securities while loans are flat.”

The dramatic change, which occurred gradually over the year, and which may have catalyzed the spike in repo rates in September, was first flagged by JPMorgan at an investor event back in February. Then CFO Marianne Lake said that, after years of industry-leading loan growth, “we have to recognize the reality of the capital regime that we live in”. About half a year later, the rest of the world did too when the overnight general collateral rate briefly did something nobody had ever expected it to do, when it exploded from 2% to about 10% in minutes, an absolutely unprecedented move, and certainly one that was seen as impossible in a world with an ocean of roughly $1.3 trillion in reserves floating around.

[..] in a novel twist, the BIS also found that hedge funds exacerbated the turmoil in the repo market with their thirst for borrowing cash to juice up returns on their trades. Here is what the BIS said: “US repo markets currently rely heavily on four banks as marginal lenders. As the composition of their liquid assets became more skewed towards US Treasuries, their ability to supply funding at short notice in repo markets was diminished. At the same time, increased demand for funding from leveraged financial institutions (eg hedge funds) via Treasury repos appears to have compounded the strains of the temporary factors.”

Read more …

Britain.

The Incredible Shrinking Private Sector (G.)

The latest GDP figures released on Wednesday suggest on the surface the overall economy is doing better, but further inspection highlights the underlying weakness. The domestic private sector is in a dire state, having now shrunk for four consecutive quarters – the worst result since the 1990s recession – and the economy is now more dependent on government spending to keep it afloat than at any time since the GFC . First the good news – things are better than we previously thought. The GDP figures contained some fairly significant revisions of past data, based on more accurate underlying data. Whereas in June it appeared the economy grew by just 1.5% – the worst since 2001 – now the ABS estimates in June the economy was growing at an annual rate of 1.7% and is now growing at 1.8% in trend terms:

This is good, and yet it is pretty sad really how low the bar has become to think economic growth can be called “good”. The current growth rate of 1.8% is around 1% point below the long-term trend and well below the old marker of 3% growth that used to be considered average. In the September quarter the economy grew by 0.4% (seasonally adjusted), or 0.5% (trend), still below average, but what is important is where this growth is being generated. The biggest driver was net exports – contributing 0.35% pts of that growth.

Read more …

They don’t appear to have all the details figured out.

Northern Ireland Customs Protocol Could Thwart Brexit Plans (G.)

Northern Ireland customs arrangements may thwart Boris Johnson’s plan to leave the EU by December 2020, according to a document said to be leaked from civil servants in the Department for Exiting the EU. In the document, seen by the Financial Times, staff raised concerns about the readiness of the new customs arrangement, calling the protocol to keep part of the EU customs code in Northern Ireland, a “major” obstacle to Brexit delivery. The FT reported that the document was sent to senior Whitehall officials last week and said that implementing the Northern Ireland protocol before next December was a “strategic, political and operational challenge”.

The protocol would implement a form of customs border between Northern Ireland and the rest of the UK – an alternative arrangement to the Northern Irish “backstop” in the withdrawal agreement. Civil servants reportedly highlighted the “legal and political” repercussions both within the UK and Europe of failing to deliver Brexit on time, which Boris Johnson has made it the focal issue of his election campaign. Doubt was also cast on the free-trade agreement that Johnson has pledged to establish with the EU next year, with the document, marked “official sensitive”, reportedly stating that “delivery on the ground would need to commence before we know the outcome of negotiations”.

The government said it did not comment on leaks, but insisted that its deal with the EU would comprehensively withdraw the whole of the UK – including Northern Ireland. It reiterated its commitment to complete the process before December 2020.

Read more …

“The EU/UK future relationship cannot be settled in 11 months.”

Boris Johnson’s Promise Of Brexit By End Of 2020 Torpedoed By EU Chief (Mi.)

Michel Barnier has torpedoed Boris Johnson’s promise that Brexit will be done and dusted by the end of next year. The Sunday Mirror has seen minutes of a private meeting between the EU’s chief Brexit negotiator and MEPs which rubbish the PM’s pledge. Mr Johnson has said he will not extend the transition period beyond 2020 – which raises the danger of the UK crashing out with no deal. Trade talks are planned after Britain formally leaves the EU on January 31. But Mr Barnier told EU Employment and Social Affairs Committee MEPs: “The EU/UK future relationship cannot be settled in 11 months.” He added that means prioritising some areas while more time will be needed for other issues such as transport.

Read more …

Dominic Cummings focuses on social media, not canvassing.

The Invisible Tories (Craig Murray)

I live in a marginal constituency, where the excellent Joanna Cherry of the SNP has a lead of just over 1,000 over the Tories. If the most recent opinion polls are correct, the parties’ standings at this moment are similar to the result last time, the momentum is with the Tories and this should be a key Tory target. Yet I have not received one single Tory leaflet (and I live on one of the main residential streets) nor have I seen one single Tory campaigner, including when I have been out delivering leaflets for Joanna Cherry myself. Nor have I seen one single Tory poster in a house.

It is not just on TV that the Tories have been skipping interviews and debates, they seem to have eschewed any semblance of a ground campaign too, in what presumably is a key target seat for them. Boris Johnson is not popular with any of the local residents I have spoken to, and there is no enthusiasm at all for Brexit in this part of Edinburgh. In short, I am absolutely unable to square the opinion polls with the evidence of my own eyes and ears.

What is your experience?

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Sounds like quite the undertaking.

China Tells Government Offices To Remove All Foreign Computer Equipment (G.)

China has ordered that all foreign computer equipment and software be removed from government offices and public institutions within three years, the Financial Times reports. The government directive is likely to be a blow to US multinational companies like HP, Dell and Microsoft and mirrors attempts by Washington to limit the use of Chinese technology, as the trade war between the countries turns into a tech cold war. The Trump administration banned US companies from doing business with Chinese Chinese telecommunications company Huawei earlier this year and in May, Google, Intel and Qualcomm announced they would freeze cooperation with Huawei.


By excluding China from western know-how, the Trump administration has made it clear that the real battle is about which of the two economic superpowers has the technological edge for the next two decades. This is the first known public directive from Beijing setting specific targets limiting China’s use of foreign technology, though it is part a wider move within China to increase its reliance on domestic technology.

Read more …

“We have an answer to all the threats that the Alliance is multiplying in this world.”

NATO Seeks To “Dominate The World”, Eliminate Competitors: Lavrov (ZH)

Russian Foreign Minister Sergei Lavrov has charged NATO with wanting to “dominate the world” a day after 70th anniversary events of the alliance concluded in London. “We absolutely understand that NATO wants to dominate the world and wants to eliminate any competitors, including resorting to an information war, trying to unbalance us and China,” Lavrov said from Bratislava, the capital of Slovakia, while attending the 26th Ministerial Council of the Organization for Security and Cooperation in Europe (OSCE). He seized upon NATO leaders’ comments this week, specifically Secretary General Jens Stoltenberg, naming China as a new enemy alongside Russia. Stoltenberg declared at the summit that NATO has to “tackle the issue” of China’s growing capabilities.

Lavrov told reporters Thursday: “I think that it is difficult to unbalance us and China. We are well aware of what is happening. We have an answer to all the threats that the Alliance is multiplying in this world.” He also said the West is seeking to dominate the Middle East under the guise of NATO as well. The new accusation of ‘world domination’ comes at a crisis moment of growing and deep divisions over the future of the Cold War era military alliance, including back-and-forth comments on Macron’s “brain death” remarks, and looming questions over Turkey’s fitness to remain in NATO, and the ongoing debate over cost sharing burdens and the scope of the mission.

“Naturally, we cannot but feel worried over what has been happening within NATO,” Lavrov stated. “The problem is NATO positions itself as a source of legitimacy and is adamant to persuade one and all it has no alternatives in this capacity, that only NATO is in the position to assign blame for everything that may be happening around us and what the West dislikes for some reason.”

Read more …

Who operated each contraption?

Russian Air Defense System Shot Down US Drone Over Libyan Capital (R.)

The U.S. military believes that an unarmed American drone reported lost near Libya’s capital last month was in fact shot down by Russian air defenses and it is demanding the return of the aircraft’s wreckage, U.S. Africa Command says. Such a shootdown would underscore Moscow’s increasingly muscular role in the energy-rich nation, where Russian mercenaries are reportedly intervening on behalf of east Libya-based commander Khalifa Haftar in Libya’s civil war. Haftar has sought to take the capital Tripoli, now held by Libya’s internationally recognized Government of National Accord (GNA). U.S. Army General Stephen Townsend, who leads Africa command, said he believed the operators of the air defenses at the time “didn’t know it was a U.S. remotely piloted aircraft when they fired on it.”


“But they certainly know who it belongs to now and they are refusing to return it. They say they don’t know where it is but I am not buying it,” Townsend told Reuters in a statement, without elaborating The U.S. assessment, which has not been previously disclosed, concludes that either Russian private military contractors or Haftar’s so-called Libyan National Army were operating the air defenses at the time the drone was reported lost on Nov. 21, said Africa Command spokesman Air Force Colonel Christopher Karns. Karns said the United States believed the air defense operators fired on the U.S. aircraft after “mistaking it for an opposition” drone. An official in Libya’s internationally recognized Government of National Accord (GNA) told Reuters that Russian mercenaries appeared to be responsible.

Read more …

 

 

 

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Dec 082019
 
 December 8, 2019  Posted by at 9:04 pm Finance, Primers Tagged with: , , , , , , , , ,  12 Responses »


Saul Leiter 463 1956

 

Ronald Reagan and Mikhail Gorbachev first met in Geneva in 1985, in a summit specifically designed to allow them to discuss diplomatic relations and the -nuclear- arms race. At the time, the Soviet Union had started to crumble, but it was still very much the Soviet Union. They met again in 1986 in Reykjavik, in a summit set up to continue these talks. There, they came close to an agreement to dismantle both countries’ nuclear arsenals.

They met once again in Washington in 1987. That was the year Reagan made his famous “Mr. Gorbachev, tear down this wall” speech about the Berlin wall. Then they held a next summit in 1988 in Moscow, where they finalized the Intermediate-Range Nuclear Forces Treaty (INF) after the US Senate’s ratification of the treaty in May 1988.

Reagan’s successor George H.W. Bush met with Gorbachev first in December 1989 in Malta, and then the two met three times in 1990, among others in Washington where the Chemical Weapons Accord was signed, and in Paris where they signed the Treaty on Conventional Armed Forces in Europe. They met three more times in 1991, with one of their meetings, in Moscow, resulting in the signing of the Strategic Arms Reduction Treaty (START I).

One of the most interesting things agreed on during the Bush-Gorbachev meetings was that Russia would allow Germany to re-unite after the wall came down, in exchange for the promise that NATO would not try to expand eastward.

 

I’ve been re-researching this a bit because it feels like it’s high time that people should realize what US foreign policy was like not that long ago. Even as it involved Reagan and Bush sr., not exactly the peace-mongers of their times. The one thing that was clear to all parties involved is that it was crucial to keep meeting and talking. And talk they did. But look at us now. When was the last summit of a US president with Vladimir Putin?

This came to mind again when I read Elizabeth Warren’s piece in the Guardian today, which made me wonder if she’s for real, if she is really as ignorant as she appears to be when it comes to foreign policy, to Russia, to Trump and to NATO. It would seem that she is, and that makes her a hazard. Not that I see her as a serious candidate, mind you, but then again, I do not see any other one either.

In her article, which reads more than anything like some nostalgic longing for the good old times when she was young, just watch her get all warm and fuzzy over the success of NATO:

 

Donald Trump Has Destroyed American Leadership – I’ll Restore It

For seven decades, America’s strength, security and prosperity have been underpinned by our unmatched network of treaty alliances, cemented in shared democratic values and a recognition of our common security. But after three years of Donald Trump’s insults and antics, our alliances are under enormous strain. The damage done by the president’s hostility toward our closest partners was on full display at this week’s gathering of NATO leaders in London, which should have been an unequivocal celebration of the 70th anniversary of the most successful alliance in history.

The success of NATO was not inevitable, easy or obvious. It is a remarkable and hard-won accomplishment, and one based on a recognition that the United States does not become stronger by weakening our allies. But that is just what Trump has done, repeatedly and deliberately. He treats our partners as burdens while embracing autocrats from Moscow to Pyongyang. He has cast doubt on the US commitment to NATO at a moment when a resurgent Russia threatens our institutions and freedoms. He has blindsided our partners on the ground in Syria by ordering a precipitate and uncoordinated withdrawal.

[..] he has wrecked US credibility by unilaterally tearing up our international agreements on arms control, non-proliferation and climate change. This reckless disregard for the benefits of our alliances comes at a perilous moment, when we face common threats from powerful adversaries probing the weaknesses of our institutions and resolve. Longstanding allies in Asia are doubting our reliability and hedging their bets. Russia’s land grab in Ukraine has upended the post-1989 vision of a Europe “whole, free, and at peace”. The chaotic Brexit process has consumed our closest partners, while sluggish growth and rising xenophobia fuel extremist politics and threaten to fracture the European Union.

 

To start with that last point, no. That “post-1989 vision of a Europe “whole, free, and at peace” was destroyed by NATO’s eastward expansion, executed in spite of US, EU and NATO promises that it wouldn’t. Moreover, you can talk about a resurgent Russia, but the country has hardly recovered economically from the 1980’s and 90’s today, and it has no designs on countries to its west.

Just look at the military budgets of the respective countries, where Russia has maybe 10% of the expenditure of the US, let alone the rest of NATO, and you get the picture. Is Russia getting more bang for its buck, because it doesn’t have to maintain a long running Pentagon-Boeing/Raytheon link? Yes, it does. But a 10 to 1 difference is still way out there. It’s not as if they spend half of what the US does, they spend just 10%.

This is because not only Russia doesn’t have to satisfy the desires and needs of Pentagon-Boeing/Raytheon, it’s also because they have no desire to conquer any territory that is not at present Russian.

Russia “annexed” Crimea through fair elections, and it knew that “we” knew that it would never let go of its only warm water port, Sevastopol. When “We” tried to take it away regardless, it did the only thing it could do. And it did it very intelligently. As for Eastern Ukraine, everyone there is Russian, whether by blood or by passport. And there are a lot of strong ties between them and Russians in Russia proper.

If Putin would have volunteered to let these Donbass Russians be shot to bits by the Ukraine neo-nazis that helped the US and EU in the Maidan coup, he would have had either a civil war in Russia, or an all-out war in the Donbass, with perhaps millions of casualties. Putin did what he could to prevent both. Back to Warren:

 

A mounting list of global challenges demand US leadership and collective action. As president, I will recommit to our alliances – diplomatically, militarily and economically. I will take immediate action to rebuild our partnerships and renew American strategic and moral leadership, including by rejoining the Paris climate accord, the United Nations compact on migration, and reaffirming our rock-solid commitment to NATO’s Article 5 provisions.


But we must do more than repair what Trump has broken. Instead we need to update our alliances and our international efforts to tackle the great challenges of our age, from climate change and resurgent authoritarianism to dark money flows, a weakening international arms control regime and the worst human displacement crisis in modern history.

 

Wait, what exactly has Trump broken in the foreign policy field? There have been dozens at the very least who have called for NATO to be disbanded, Ron Paul et al, because its sole purpose was to counter the Soviet Union, which no longer exists. In fact, when Emmanuel Macron labeled NATO “brain-dead” last week, it was Trump who defended the alliance.

And sorry, Elizabeth, but to hold Trump responsible for “the worst human displacement crisis in modern history” is just not right. That started way before he arrived at the scene. Obama and Hillary carry the burden and blame for that, along with Bush jr. and Dick Cheney. They shot the crap out of Iraq, Lybia etc. Trump only dumped a few bombs in a desert. He didn’t invade any country, he didn’t go “We Came, We Saw, He Died”. That was not Trump.

And before we forget, the military aid for Ukraine Trump allegedly held back for a few weeks had been refused by Obama for years. I’ve been wondering for ages now why the Democrats are so eager to make things up while ignoring simple facts, but I think at least it’s time to start pointing out these issues.

This is not to make Trump look better in any sense, but to try and make people understand that he did not start this thing. Though yeah, I know, it’s like talking to a wall by now. The political divide has turned into such a broad and yawning one, you can’t not wonder how it could ever be broached.

But, you know, it might help if people like Elizabeth Warren don’t ONLY talk about Trump like he’s the antichrist, or a Putin tool, if they engage with him in conversation. But sadly, it feels like we’re past that point. Like if she would even try, and I don’t know if she would want to, her party would spit her out just for trying to build a single bridge. Like Tulsi Gabbard seems to have tried; and look at how the DNC treats her.

 

This means revitalizing our state department and charging our diplomats to develop creative solutions for ever more urgent challenges. It means working with like-minded partners to promote our shared interest in sustained, inclusive global economic growth and an international trade system that protects workers and the environment, not just corporate profits. And it means reducing wasteful defense spending and refocusing on the areas most critical to our security in years to come.

 

Well, apart from the fact that we’ve seen some of those diplomats in the Schiff hearings, and they seemed like the least likely people to develop anything “creative” -other than their opinions-, and the boondoggle of “sustained, inclusive global economic growth”, it’s probably best to forget about that entire paragraph. It’s nicer to Warren too.

 

Alliances are not charities, and it’s fair to ask our partners to do their share. I will build on what President Obama started by insisting on increased contributions to NATO operations and common investments in collective military capabilities. But I will also recognize the varied and significant ways that European states contribute to global security – deploying troops to shared missions, receiving refugees, and providing development assistance at some of the highest per capita rates in the world.

 

The problem appears to be that the partners don’t increase their contributions. Just this March, Germany refused to do just that. And if Berlin refuses, why would other countries spend more?

 

The next president must tackle our common problems using the lessons of common defense. Together, we can counter terrorism and proliferation. We can make common cause in constructing new norms and rules to govern cyberspace. We can dismantle the corruption, monopolies and inequality that limit opportunity around the world and take on the increasingly grave threats to our environment. We can and will protect ourselves and each other – our countries, our citizens and our democracies.

 

Now we’re getting into entirely nonsensical territory, with words and sentences designed only to make people feel good about things that have no substance whatsoever. Anyone can go there, anyone can do that.

In the meantime, the neverending investigations into Trump, Russia, Ukraine, taxes, have had one major effect: he hasn’t had a chance to have a summit with Putin. And that, to go back to how I started out this essay, is the worst idea out there. If Reagan and Bush sr. did those summits all the time, then why do we now think such summits are the work of the devil?

And yeah, we get it, we got it again last week from alleged law expert Pamela Karlan in the House, who let ‘er rip on the dangers Putin poses to all of humanity, and of course she would never trust Trump to hold any such summit because he’s Putin’s puppet.

What Pamela, and all the MSM, and the Dems, and the FBI/CIA, appear to refuse to see, though, is that Trump was democratically elected by the American people to be the only one who can have any such conversation. Karlan again talked about how Russia would attempt to attack American soil unless “we” keep them from doing that.

Now I can say that is absolute bollocks, and it is, but how many -potential- Democratic voters will recognize that at this point? They’ve been trained to believe it. That Russia wants one US presidential candidate over another, or one UK one, or fill in your country, and therefore they want to invade the US, UK, etc. In reality, Russia has plenty problems of its own, and it’s slowly trying to solve them.

The two countries need to start talking to each other again, and the sooner the better. That it will happen under Elizabeth Warren, however, is very unlikely. First because she has her mind made up about Russia, and second because the likelihood of her becoming president is very low. What do you think, is that a good thing?

If for some reason -who can tell- she would end up winning 11 months from now, do you think she’s likely to establish a peace treaty with Russia? You know, given what she wrote here? And if not, why would you vote for her? Don’t you want peace? Do you think antagonizing Putin forever is a good idea? While Russia continues to outperform America in arms development, and in just about any field? While Russia only wants peace?

Good questions, ain’t they, as we move into 2020?!

 

 

 

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Dec 042019
 
 December 4, 2019  Posted by at 9:53 am Finance Tagged with: , , , , , , , , , , ,  17 Responses »


Arthur Rothstein Oregon or Bust, family fleeing South Dakota drought Jul 1936

 

‘Rumblings’ From Democrats On Censuring Trump Instead Of Impeachment (Hill)
Democrats Accuse Trump Of Abusing Power, Obstructing Impeachment Probe (R.)
Trump Unloads On ‘Maniac’ Adam Schiff: ‘He’s A Deranged Human Being’ (Fox)
Nunes Sues CNN Over ‘Demonstrably False’ Ukraine Report (York)
Durham Needs to Bring Indictments (Farrell)
Trump Says Barr Was Misquoted Regarding Horowitz (SAC)
Trump Was Right Before He Was Wrong: NATO Should Be Obsolete (CD)
Hillary Clinton Still Refuses To Rule Out Running For President (PJW)
China Steps In As Conglomerate Unravels (WS)
Investors Urge Big Oil To Follow ‘Poster Child’ Repsol’s Climate Pledge (R.)
Tackling Degraded Oceans Could Mitigate Climate Crisis (G.)

 

 

Lots of US politics today. It feels inevitable.

First, the way, the seeming certainty, with which the Dems issued their report yesterday, does not rhyme with the move from impeachment to censure. If the “evidence” were as strong as they claim it is, we would not be where we are today. The Dems would not ponder ‘only’ censure, and the GOP would not be united.

‘Rumblings’ From Democrats On Censuring Trump Instead Of Impeachment (Hill)

CNN senior global affairs analyst Bianna Golodryga said Tuesday that she’s hearing “rumblings” within the Democratic caucus that perhaps the party “should just go with censure” instead of trying to impeach President Trump. “You’re now hearing rumblings within, Democrats saying, ‘Maybe we should just go with censure,’ or not really knowing how to move forward on this given where the president is and given where Republicans are,” said Golodryga, who joined CNN after stints with ABC, CBS and Yahoo News. She pointed out that two weeks of public testimony on Trump’s dealings with Ukraine “did not move at all” the positions of Republicans ranging from moderates such as Rep. Will Hurd (Texas) to more vocal Trump defenders such as Rep. Elise Stefanik (N.Y.).


“They said that they do not believe anything the president did was impeachable and, in fact, they seem to be protecting the president more than they were prior to these two weeks,” she said. Polls in 2020 battleground states indicate that voters aren’t fully sold on House Democrats’ impeachment efforts. Surveys taken in Arizona, Florida, Michigan, Pennsylvania, Nevada, New Hampshire, North Carolina and Wisconsin show an average of 51 percent opposing impeachment and 44 percent supporting it, according to a Tuesday Washington Post story.

Read more …

The probe so far has been clearly a partisan one, and that should never happen. What we’ve seen is opinions and interpretations, not facts.

Democrats Accuse Trump Of Abusing Power, Obstructing Impeachment Probe (R.)

U.S. President Donald Trump solicited foreign interference to boost his re-election chances, undermined national security and ordered an “unprecedented” campaign to obstruct Congress, Democrats said on Tuesday in a report that lawmakers will use as the basis of any formal impeachment charges. In the 300-page report, Democrats leading the House of Representatives Intelligence Committee leveled allegations of sweeping abuse of power by Trump, saying he used U.S. military aid and the prospect of a White House visit to pressure Ukrainian President Volodymyr Zelenskiy to undertake investigations that would benefit Trump politically. Republican Trump, who will stand for re-election in November 2020, denies any wrongdoing and calls the inquiry a hoax.

The heart of the impeachment probe is whether Trump misused the power of his office to pressure Ukraine to investigate the son of former Vice President Joe Biden, a leading contender for the Democratic nomination to face Trump in the 2020 election. The public release of the report is a milestone in a weeks-long investigation into whether Trump should be removed from office over his dealings on Ukraine. It summarizes hours of private testimony and televised hearings in which former government officials described a months-long effort to pressure Ukraine to carry out the investigations sought by Trump in July.

The report’s completions hands the process over to the House Judiciary Committee, which will now be responsible for drafting actual articles of impeachment should lawmakers decide to move forward. That panel will begin proceedings on Wednesday. In the report, Democrats detail accusations that Trump obstructed their investigation, including refusing to provide documents and testimony from his top advisers, unsuccessful attempts to block career government officials from testifying and intimidation of witnesses. The Democrats argue that “damage … will be long-lasting and potentially irrevocable if the President’s ability to stonewall Congress goes unchecked.”

Making their case to move forward with impeachment, the report said that “any future President will feel empowered to resist an investigation into their own wrongdoing, malfeasance, or corruption, and the result will be a nation at far greater risk of all three.” In a news conference, House Intelligence Committee Chairman Adam Schiff described Trump as a “president who believes that he is beyond indictment, beyond impeachment, beyond any form of accountability and indeed above the law.”

Read more …

Gloves off.

Trump Unloads On ‘Maniac’ Adam Schiff: ‘He’s A Deranged Human Being’ (Fox)

President Trump tore into Rep. Adam Schiff, D-Calif., in harsh terms on Tuesday, taking a moment from his overseas tour in London to call the House Intelligence Committee chairman a “maniac” and a “deranged human being” over his handling of the impeachment inquiry. Trump was speaking to reporters alongside Canadian Prime Minister Justin Trudeau on the sidelines of a NATO summit, when he was asked what he would hope to learn from having Schiff testify in a possible Senate impeachment trial – a scenario some Republicans would like to see. “I learn nothing from Adam Schiff, I think he’s a maniac,” Trump said. “I think Adam Schiff is a deranged human being. I think he grew up with a complex for lots of reasons that are obvious. I think he’s a very sick man, and he lies.”

The comments demonstrated how the impeachment fight has followed Trump even as he meets with world leaders in London on issues ranging from defense spending to ISIS. Trump focused Tuesday on a controversial move by Schiff in September, where he read out a hyperbolic account of Trump’s controversial July 25 phone call with Ukrainian President Volodymyr Zelensky. “I have a favor I want from you,” Schiff said in a hearing while appearing to read from a piece of paper. “And I’m going to say this only seven times, so you better listen good. I want you to make up dirt on my political opponent, understand? Lots of it, on this and on that.” Schiff later chalked up his fictional summary of the phone call to a joke as he came under fire from conservatives for making up quotes.

“My summary of the president’s call was meant to be at least, part, in parody,” Schiff said. “The fact that that’s not clear is a separate problem in and of itself. Of course, the president never said, ‘If you don’t understand me I’m going to say it seven more times.’ My point is, that’s the message that the Ukraine president was receiving in not so many words.” Trump has repeatedly criticized Schiff for the move. “This guy is sick,” he said on Tuesday. “If he didn’t do that in the halls of Congress, he’d be thrown in jail.”

Read more …

“..a $435 million defamation suit ..” Wonder what CNN’s defense will be.

Nunes Sues CNN Over ‘Demonstrably False’ Ukraine Report (York)

Rep. Devin Nunes, the ranking Republican on the House Intelligence Committee, has filed a $435 million defamation suit against CNN over a story that alleged Nunes met with a fired Ukrainian prosecutor in an effort to dig up dirt on Democratic presidential candidate Joe Biden. The story — “Giuliani associate willing to tell Congress Nunes met with ex-Ukrainian official to get dirt on Biden” — was published Nov. 22. It was based on the words of Joseph Bondy, the attorney for Ukrainian-born Lev Parnas, who worked closely with Trump lawyer Rudy Giuliani in pursuing allegations of Ukrainian efforts to influence the 2016 presidential election as well as allegations of corruption in Ukraine involving Biden’s son Hunter. Parnas is currently under indictment on campaign finance charges.

CNN reported that Bondy said Parnas was “willing to tell Congress” that in December 2018, Nunes traveled to Vienna to meet with Viktor Shokin, the top Ukrainian prosecutor who was famously fired in 2016 under pressure from the United States, represented by Biden, who said Shokin did not do enough to prosecute corruption in Ukraine. CNN cited congressional travel records showing Nunes and a few aides traveled to Europe between Nov. 30 and Dec. 3, 2018. Quoting Bondy, the CNN report said, “Mr. Parnas learned from former Ukrainian Prosecutor General Victor Shokin that Nunes had met with Shokin in Vienna last December.” Shortly after the report was published, Nunes said it was “demonstrably false” but declined to elaborate. In the lawsuit, Nunes has provided the details.

Nunes did travel between Nov. 30 and Dec. 3. The lawsuit says that on those dates, Nunes was in Libya and Malta. Nunes traveled to Libya to “discuss security issues with General Khalifa Haftar,” the suit says. In Malta, Nunes “met with U.S. and Maltese officials, including Prime Minister Joseph Muscat, and participated in a repatriation ceremony for the remains of an American World War II soldier missing in action,” according to the suit. The lawsuit provides photos of Nunes with Haftar, with Muscat, and at the repatriation ceremony. “[Nunes] was not in Vienna in December 2018,” the suit says. “Further, he has never met Shokin; never spoken to Shokin; and never communicated with Shokin.”

Read more …

Chris Farrell is a former counterintelligence case officer.

“The alternative to a purely domestic intelligence operation targeting a major political party’s candidate for the presidency (and later, president) was to manufacture a foreign counterintelligence (FCI) “threat” that could then be “imported” back into the United States.”

Durham Needs to Bring Indictments (Farrell)

The seditious coup plotters working against Trump knew the legal prohibitions on what they planned to do. How to target Trump & Co. in a “legal” manner? Was it possible, or more importantly, desirable, to have a legal finding from Attorney General Loretta Lynch justifying their plan to frame-up Trump & Co.? That would authorize their operation — but would Lynch support it? Could Lynch be counted on? Did they want a piece of paper like that floating around Washington D.C.? No, there had to be a better way to pull off the coup. The alternative to a purely domestic intelligence operation targeting a major political party’s candidate for the presidency (and later, president) was to manufacture a foreign counterintelligence (FCI) “threat” that could then be “imported” back into the United States.

Plausible deniability, the Holy Grail of covert activities, was in reach for the plotters if they could develop an FCI operation outside the continental United States (OCONUS) involving FBI confidential human sources (Halper, Mifsud, others?) that would act as “lures” (intelligence jargon associated with double agent operations) to ensnare Trump associates. We have evidence of these machinations from December 2015 when FBI lawyer Lisa Page texts to her boyfriend, the now infamous FBI Special Agent Peter Strzok, “You get all our oconus lures approved? ;).” To inoculate themselves from further charges of misconduct and criminality, the FBI’s mutually agreed upon lie is that their investigation of Trump/Russia began on July 31, 2016 with the improbable name “Crossfire Hurricane.”

That coincides nicely with their manufactured FCI “event,” allowing the full-bore sabotage of all things and persons “Trump.” The coup plotters used a July 2016 event at the University of Cambridge as the opportunity for Carter Page to meet and develop a friendship with Stefan Halper. This is roughly the same time period that Australian diplomat Alexander Downer reported the supposedly drunken ramblings of George Papadopoulos concerning the Russians having Hillary’s emails to the FBI. Papadopoulos had already serendipitously met the mysterious Joseph Mifsud in Rome during the second week of March 2016. Learning that Papadopoulos would be joining the Trump campaign, Mifsud let Papadopoulos know that he had many important connections with Russian government officials.

Read more …

Why did the FBO fire Strzok? And how does that make Lisa Page’s claims look?

Trump Says Barr Was Misquoted Regarding Horowitz (SAC)

A recent report by the New York Times said former FBI lawyer Kevin Clinesmith altered documents associated with the FISA application on Carter Page. The paper described Clinesmith as a low-level lawyer with the bureau and suggested that Horowitz won’t be hard the bureau’s handling of the case. The description of Clinesmith as a low-level lawyer is also in dispute, as Clinesmith was part of former Special Counsel Robert Muller’s investigation into Trump and he was an attorney with the FBI’s National Security and Cyber Law Branch. He also worked under FBI General Counsel James Baker, who left the FBI and is now under investigation for leaking national security related information. Clinesmith, who sent numerous anti-Trump texts, also worked for Deputy General Counsel Trisha Anderson.

On Sunday, former FBI Lawyer Lisa Page, whose name became national after reports revealed she was having an affair with FBI Special Agent Peter Strzok, spoke to the Daily Beast after years of silence. She said she had to speak out because Trump made her a target of his Tweets and speeches. The FBI fired Strzok last year and Page has since left the bureau. Strzok and Page sent thousands of text messages to one another during their affair. Many of the text messages discovered by Horowitz and Congress were vehemently anti-Trump. The discovery of the texts led to their removal from Mueller’s investigation.

Here’s some texts: “[Trump’s] not ever going to become president, right? Right?!” Page texted Strzok in August 2016, during the investigation into the campaign. “No. No he won’t. We’ll stop it,” Strzok responded. In another text message sent in August by Strzok to Page, he “I want to believe the path you threw out in Andy’s [McCabe’s] office—that there’s no way he gets elected—but I’m afraid we can’t take the risk. It’s like an insurance policy in the unlikely event you die before you’re 40.” Page only told Molly Jong-Fast, also anti-Trump and a columnist from the Daily Beast, that people misunderstood their text messages but she never clarified what she and Strzok actually meant.

Read more …

“NATO is a Cold War relic that accounts for three-quarters of military spending and weapons dealing around the globe.”

Frank Zappa: “Politics is the entertainment division of the military-industrial complex”

Trump Was Right Before He Was Wrong: NATO Should Be Obsolete (CD)

The three smartest words that Donald Trump uttered during his presidential campaign are “NATO is obsolete.” His adversary, Hillary Clinton, retorted that NATO was “the strongest military alliance in the history of the world.” Now that Trump has been in power, the White House parrots the same worn line that NATO is “the most successful Alliance in history, guaranteeing the security, prosperity, and freedom of its members.” But Trump was right the first time around: Rather than being a strong alliance with a clear purpose, this 70-year-old organization that is meeting in London on December 4 is a stale military holdover from the Cold War days that should have gracefully retired many years ago.

[..] While claiming to “preserve peace,” NATO has a history of bombing civilians and committing war crimes. In 1999, NATO engaged in military operations without UN approval in Yugoslavia. Its illegal airstrikes during the Kosovo War left hundreds of civilians dead. And far from the “North Atlantic,” NATO joined the United States in invading Afghanistan in 2001, where it is still bogged down two decades later. In 2011, NATO forces illegally invaded Libya, creating a failed state that caused masses of people to flee. Rather than take responsibility for these refugees, NATO countries have turned back desperate migrants on the Mediterranean Sea, letting thousands die.

[..] In an age where people around the world want to avoid war and to focus instead on the climate chaos that threatens future life on earth, NATO is an anachronism. It now accounts for about three-quarters of military spending and weapons dealing around the globe. Instead of preventing war, it promotes militarism, exacerbates global tensions and makes war more likely. This Cold War relic shouldn’t be reconfigured to maintain U.S. domination in Europe, or to mobilize against Russia or China, or to launch new wars in space. It should not be expanded, but disbanded. Seventy years of militarism is more than enough.

Read more …

Her people are polling like crazy, and they don’t like what they see so far.

Hillary Clinton Still Refuses To Rule Out Running For President (PJW)

Hillary Clinton is still refusing to rule out running for president despite already missing the filing deadline for the New Hampshire primary. During an appearance on Britain’s Graham Norton Show, Clinton was again asked about her presidential aspirations. Clinton was quizzed as to why she included a story about a U.S. women’s soccer star who retired on the tagline “forget me.” Hillary said the intention of the words were to “make way for new people” and “get off the stage.” However, when asked by Norton, “Are you saying ‘Forget me’ now?” – Hillary responded, “Not yet.” She then said she was aware of the presidential rumor mill and had been “deluged” with questions about running again.


“Right now, I’m not, at all, uh, you know, planning that, I’d have to make up my mind really quickly,” she said, “because it’s moving very fast.” Back in October, long time Clinton advisor Dick Morris insisted that Hillary will become the Democratic nominee because she believes “she was put on Earth to be President.” “Make no mistake. She wants it,” said Morris. “She’s planning on it. She’ll do everything she can to achieve it.” Earlier that month, Clinton teased another presidential run, despite having already failed twice, telling PBS Newshour, “Obviously I can beat him again.” She also fanned the flames of speculation when she tweeted at Trump, “Don’t tempt me.”

Read more …

“..the Chinese government has been stepping in and pulling all kinds of levers, with huge sums involved, to bail out the airlines and assorted investors, moral hazard be damned.”

China Steps In As Conglomerate Unravels (WS)

HNA Group, the highly-leverage Chinese conglomerate with an opaque ownership structure that had gone on an immense debt-fueled global acquisition binge, including in the US, and owned about 18 airlines in China and Hong Kong, has been unraveling ever since Bank of American pulled the ripcord in mid-2017. But to prevent this unraveling from becoming too messy and to prevent the airlines from collapsing on top of the markets they serve, and to prevent investors and lenders from getting whacked by massive and well-deserved losses – well-deserved because they had been backing a nutty global acquisition binge – the Chinese government has been stepping in and pulling all kinds of levers, with huge sums involved, to bail out the airlines and assorted investors, moral hazard be damned.

The latest is HNA-controlled Hong Kong Airlines, the city’s third largest airline. The bailout is unfolding right now, amid uncertainties if it will actually unfold, and how much of the bailout money HNA Holdings, the parent company of multiple to-be-bailed-out airlines, will even channel to Hong Kong Airlines. The debt-fueled binge by HNA Group bagged 30 acquisitions in the two-year span between mid-2015 and May 2017, including large real estate deals, such as the $2.2 billion trophy office tower in Manhattan, a 25% stake in Hilton Hotels, a deviously obtained 9.9% stake in Deutsche Bank, the $6 billion acquisition of Ingram Micro in California, and forays into global aircraft leasing and global airport services. In addition, HNA Group owned outright or controlled 18 airlines mostly in China and Hong Kong before it all began to unravel.

Financial pressures began in 2017. In 2018, as the company began to run out of money, it started dumping some of its acquisitions to raise cash, including big batches of its stake in Deutsche Bank, office properties in Manhattan and in London, but that wasn’t enough. It’s never enough once a conglomerate starts unraveling because there is too much debt. Rather than allowing this monster to collapse and then sort through the debris, the Chinese government has stepped with series of bailout via its state-owned banking system, and has been restructuring the debts, and has been transferring ownership of bailed-out airlines to participating local governments, including Urumqi Air, Capital Airlines, and Guangxi Beibu Gulf Airlines.

Read more …

Zero emission oil companies. Reminds me of that trick where the lady is sawed in half.

According to EIA, so far in 2019:
– About 94% of the energy used in the transportation sector was petroleum (including natural gas)
– About 0.094% was electricity (despite the sharp increase in sales of #ElectricVehicles)

Investors Urge Big Oil To Follow ‘Poster Child’ Repsol’s Climate Pledge (R.)

Investors cheered Spanish group Repsol’s pledge to slash net carbon emissions to zero by mid-century, saying they hope it will pile pressure on rival oil and gas companies to follow suit in the fight against climate change. The world’s top oil and gas companies are under heavy pressure, not only from environmental groups but also from institutional investors, to fall in line with targets set in the 2015 Paris climate agreement to limit global warming. Repsol on Monday became the first leading energy firm to commit to a net-zero emission target, outdoing Royal Dutch Shell that had set out an ambition to halve emissions by 2050.

“It is clear that this is a very significant commitment from Repsol that raises the bar across the oil and gas sector,” said Adam Matthews, Director for Ethics and Engagement at the Church of England Pensions Board, who co-led discussion between a major group of investors with Shell on a climate resolution last year. Several companies set short-term targets to reduce emissions by limiting gas leaks and burning of excess gas, but none have set out long-term reduction targets before Repsol. “We have been pressing fossil fuel companies to commit to align with a net zero emissions pathway by 2050 for some time. It is good to see Repsol showing this leadership, including clear milestones along the way,” said Natasha Landell-Mills, head of stewardship, Sarasin & Partners. “In the end, shareholders need to know their companies are looking forward, not back, when it comes to the energy transition.”

[..] Repsol’s targets encompass 95% of all its emissions, including from fuels sold to clients. It also wrote down 4.8 billion euros ($5.3 billion) in the value of its oil and gas assets to reflect its lower oil and gas price outlook. Net-zero targets are generally expected to be achieved by offsetting emissions through investments in carbon storage technology or in natural sinks such as forests. Companies are also increasing production of natural gas, the least polluting fossil fuel, as well as renewable power such as solar and wind, whose consumption is expected to jump in coming decades as demand for electricity grows.

Read more …

So we could and would keep killing everything in the oceans if not for the climate? I don’t like the reasoning nor the priorities. We should stop the killing for the oceans’ sake, not our own narrow ones. We should learn to like beauty.

Tackling Degraded Oceans Could Mitigate Climate Crisis (G.)

Halting overfishing and the plastic pollution of the oceans could help tackle the climate emergency by improving the degraded state of the world’s biggest carbon sink, a report has found. The oceans absorb both the excess heat generated by our greenhouse gas emissions, and absorb carbon dioxide itself, helping to reduce the impacts of climate chaos. But we are rapidly reaching the limits of the oceans’ absorptive capacity as our pillage of marine life is disrupting vital ecosystems and the natural carbon cycle. Creating ocean sanctuaries and forging a new treaty to protect the oceans, with a target of safeguarding at least 30% of the oceans by 2030, could restore many areas to health and combat global heating, according to the report entitled Hot Water: the climate crisis and the urgent need for ocean protection, published by Greenpeace International on Wednesday.

Phytoplankton such as algae, for instance, transform dissolved carbon dioxide into organic carbon, which then forms part of the food chain. Gradually some of this sinks to the sea bottom where it is buried in sediment. Without the biological carbon pump that this entails concentrations of carbon in the atmosphere today would be about 50% higher, according to estimates cited in the report. Krill – a species of small fish – also form a vital part of the carbon cycle in the seas as they move through levels of the ocean, and play a big role in the diet of larger species. But krill populations have been in long-term decline since the 1970s due to pollution, overfishing and climate change.

Marine life at the other end of the scale also plays an important role. Large baleen whales are estimated to store 910m tonnes less carbon than they did before commercial whaling began, Greenpeace noted, while working to rebuild key whale populations would remove 160,000 tonnes of carbon every year. “The ocean’s biology is one of our best allies in the fight against climate change,” said Louisa Casson, oceans campaigner at Greenpeace UK. “But over-exploitation and our addiction to fossil fuels have pushed our ocean to the brink of collapse. Ocean protection is climate action – if we can save our ocean, it can save us.”

Read more …

 

 

 

 

 

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Dec 032019
 
 December 3, 2019  Posted by at 9:51 am Finance Tagged with: , , , , , , , , , , ,  11 Responses »


Arthur Rothstein Texas Panhandle Dust Bowl Mar 1936

 

There Is No More Accurate Way To Describe All That Than As A Coup (Kunstler)
Republicans Issue 123-Page Defense Of Trump (G.)
Barr Disputes Major Horowitz Finding Based On Durham, CIA Evidence (ZH)
Leaked NHS Papers ‘Put Online By Posters Using Russian Methods’ (G.)
As Trump Heads To London For NATO Summit, Warnings On British Election (R.)
Japan Preparing $120-$230 Billion Stimulus Package As Recession Risks Grow (R.)
Third Bond Default By Chinese Electronics Firm Within A Month (SCMP)
Virginia Giuffre In Plea To Public Over Prince Andrew Scandal (G.)
EU Leaders To Push For Climate Neutrality By 2050 (R.)
Small American Farmers Are Nearing Extinction (Time)
At Least 135,000 Children In Britain Will Be Homeless At Christmas (G.)

 

 

The discussions are about to heat up, with different sides drawing entirely different conclusions from the same “facts”. It’ll be a spectacle.

Jim Kunstler is not about to let up.

There Is No More Accurate Way To Describe All That Than As A Coup (Kunstler)

Then there is the “Whistleblower,” this would-be pimpernel of perfidy hiding behind Adam Schiff’s apron under the false assertion that he is entitled to everlasting anonymity. What an idea under our system of jurisprudence! In fact, contrary to Mr. Schiff’s public pronouncements, there is no law that states what he claims — one of several things Mr. Schiff can be called to account for. And that is even if you accept the dishonest proposition that the fugitive who started this fiasco even was a whistleblower, rather than a rogue CIA officer acting on explicitly illegal political motives to interfere in the 2020 election. The CIA, you must know, is forbidden by charter and statute from operating against American citizens in-country, including the president of the United States. Under the circumstances, the so-called “Whistleblower” might fairly be accused of treason.


Has anyone failed to notice that one of the “Whistleblower’s” attorneys, Mark Zaid, tweeted notoriously on January 30, 2017 that “Coup has started. First of many steps. #rebellion. #impeachment will follow ultimately. #lawyers.” Mr. Zaid later explained, “I was referring to a completely lawful process.” Yeah, sure. I think he meant a completely Lawfare process. Of course, the engineered “Whistleblower” escapade was only the latest (perhaps the last) chapter in the annals of nefarious events and actions carried out far-and-wide by several government agencies for three years, and by many officials working within them, and not a few freelance rogues in their service. There is no more accurate way to describe all that except as a coup. The authorities looking into all that have not been heard from yet. The portentous silence is making a lot of people in Washington edgy.

Read more …

View from the anti-Trump camp.

Republicans Issue 123-Page Defense Of Trump (G.)

Donald Trump’s actions towards Ukraine were “entirely prudent” and involved “no quid pro quo, bribery, extortion, or abuse of power”, according to a draft Republican report on last month’s impeachment inquiry hearings. Designed as a pre-emptive strike on an imminent report from the Democratic majority, the GOP document underlines how evidence presented at the hearings failed to shatter Republicans’ united front. It also provides a blueprint for House Republicans to defend the US president at Wednesday’s judiciary committee hearing and for their Senate counterparts to acquit him in a trial.

Democrats accuse Trump of attempting to bribe the Ukrainian president, Volodymyr Zelenskiy, by making a White House meeting and nearly $400m in military aid conditional on Ukraine announcing two investigations that would boost Trump politically. The 123-page Republican report was prepared for Devin Nunes, Jim Jordan and Michael McCaul, the ranking members on the House intelligence, oversight and foreign affairs committees, respectively. It directly contradicts the testimony of career diplomats and makes little attempt to get to grips with the devastating evidence of Gordon Sondland, the US ambassador to the European Union, who spoke about the existence of a quid pro quo, or Fiona Hill, former top Russia expert at the White House, who warned against falling for Moscow’s propaganda about Ukraine’s role in the 2016 election.

Instead it spins the affair as a Democratic plot. Its executive summary begins with the premise that nearly 63 million Americans from around the country elected Trump in 2016 but now 231 House Democrats in Washington are “trying to undo the will of the American people”. It accuses the party of seeking to impeach the president from day one. “They are trying to impeach President Trump because some unelected bureaucrats chafed at an elected President’s ‘outside the beltway’ approach to diplomacy,” it says.

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Durham knows things that Horowitz doesn’t. Expect an anti-Barr campaign.

Barr Disputes Major Horowitz Finding Based On Durham, CIA Evidence (ZH)

Attorney General William Barr will dispute a fundamental finding in the upcoming Inspector General report – namely that the FBI was justified in launching an operation Crossfire Hurricane, the agency’s official covert counterintelligence investigation into links between the Trump campaign and Russian officials, according to the Washington Post. While IG Michael Horowitz is said to have concluded that the agency had enough information to launch the probe on July 31, 2016 after Trump campaign aide George Papadopoulos repeated a rumor that Russia had dirt on Hillary Clinton, Barr has reportedly told associates that Horowitz does not know about – or did not include – potentially exculpatory evidence held by other US agencies such as the CIA, which could alter his report’s conclusion.

In July, Fox News reported that exculpatory evidence existed which the FBI failed to include in surveillance warrant applications in which Papadopoulos denies having any contact with the Russians, when he was in fact told about the ‘Clinton dirt’ byJoseph Mifsud, a mysterious Maltese professor (and self-professed member of the Clinton foundation) who has ties to George Soros’ Open Society Foundation. Many believe Papadopoulos was the victim of an entrapment scheme, by which Mifsud would seed him with information that Australian diplomat would later extract from him in a London bar, which made its way to the FBI – officially leading to the launch of Operation Crossfire Hurricane. And the exculpatory evidence? Downer – a Clinton ally – likely recorded Papadopoulos saying he had no Russian contacts.

Barr’s information also comes from a concurrent, ongoing investigation into the Obama DOJ conducted by Connecticut US Attorney John Durham. Part of Barr’s reluctance to accept that finding is related to another investigation, one being conducted by Connecticut U.S. Attorney John Durham, into how intelligence agencies pursued allegations of Russian election tampering in 2016. Barr has traveled abroad to personally ask foreign officials to assist Durham in that work. Even as the inspector general’s review is ending, Durham’s investigation continues. -Washington Post

Barr, through Durham, has been investigating Mifsud – who told Italian media “I never got any money from the Russians: my conscience is clear,” adding “I am not a secret agent.” The Maltese professor is currently MIA. As the Post’s Devlin Barrett (who spoke with former FBI lawyer Lisa Page) notes, Barr’s disagreement with Horowitz not only sets the stage for a showdown within the DOJ, it will spark partisan outrage among Democrats who have already accused the AG of being Trump’s personal lawyer.

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The anti-Trump camp, are we surprised?, is also the anti-Corbyn camp. But this is quite the stretch. Putting Russia in the headline of an article that says there is no proof that Russia is involved.

Leaked NHS Papers ‘Put Online By Posters Using Russian Methods’ (G.)

Leaked documents said by Labour to prove that the NHS was “on the table” in trade talks with the US were initially disseminated online by anonymous posters operating in a way similar to a Russian information operation known as Secondary Infektion, according to a social media research firm. A 19-page report published on Monday by the consultancy Graphika said that while it could not conclusively prove a Russian origin to the leak, the early distribution of the cache of files via Reddit, three German-language websites and an anonymous Twitter account reflected a method of operation seen repeatedly over recent years.


There is no suggestion either that the NHS documents, produced by Jeremy Corbyn at a dramatic press conference last week, were fake, but the Graphika investigation highlights an intriguing series of efforts to get the leak picked up more widely at the end of October and beginning of November. Ben Nimmo, the head of investigations at Graphika, said: “What we are saying is that the initial efforts to amplify the NHS leak closely resembles techniques used by Secondary Infektion in the past, a known Russian operation. But we do not have all the data that allows us to make a final determination in this case.”

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Can Trump damage Boris?

As Trump Heads To London For NATO Summit, Warnings On British Election (R.)

U.S. President Donald Trump leaves on Monday for a NATO summit in London, where he is under pressure from British Prime Minister Boris Johnson to resist the temptation to wade into the looming British election. As a presidential candidate in 2016 and then as president since early 2017, Trump has shown no restraint in pushing for Britain’s exit from the European Union and critiquing the politicians involved in the country’s long-running Brexit debate. But with Johnson leading polls as he faces Dec. 12 elections, the prime minister who is hosting the London NATO summit wants Trump to mind the guard-rails, putting Trump in the unusual position of being asked to avoid his normal impulse to comment on whatever he wishes.


Trump waded into the election in October by saying opposition Labour Party leader Jeremy Corbyn would be “so bad” for Britain and that Johnson should agree on a pact with Brexit Party leader Nigel Farage. Johnson’s pressure prompted the White House to stress, as a senior administration official said, that Trump “is absolutely cognizant of not, again, wading into other country’s elections.” That strategy could be put to the test as Trump faces reporters a number of times on the trip, including at a news conference on Wednesday.

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Abenomics continues unabated.

Japan Preparing $120-$230 Billion Stimulus Package As Recession Risks Grow (R.)

Japan is preparing an economic stimulus package worth $120 billion to support fragile economic growth, two government officials with direct knowledge of the matter said on Tuesday, complicating government efforts to fix public finances. The spending would be earmarked in a supplementary budget for this fiscal year to next March and an annual budget for the coming fiscal year from April. Both budgets will be compiled later this month, the sources told Reuters, declining to be identified because the package has not been finalised. While the package would come to around 13 trillion yen ($120 billion), that would rise to 25 trillion yen ($230 billion) when private-sector and other spending are included.


However, the spending could strain the industrial world’s heaviest public debt burden, which tops more than twice the size of Japan’s $5 trillion economy. And despite the headline size of the stimulus, actual spending would be smaller in the current fiscal year, and economists are not expecting much of a boost. “We expect this fiscal year’s extra budget to total around 3-4 trillion yen. We should not expect it to substantially push up the GDP growth rate,” said Takuya Hoshino, senior economist at Dai-ichi Life Research Institute. The 13 trillion yen includes more than 3 trillion yen from fiscal investment and loan programmes, as the heavily indebted government seeks to take advantage of low borrowing costs under the Bank of Japan’s negative interest rate policy.

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Just 2 weeks ago they announced a plan to sell a majority stake to the local government. How did that work out?

Third Bond Default By Chinese Electronics Firm Within A Month (SCMP)

Tunghsu Optoelectronic Technology has failed to make good on a bond – its third in less than a month – as the struggles point to poor corporate governance among Chinese companies. The maker of electronic display panels, which reported ample cash holdings of more than 18 billion yuan as of September, missed an interest payment on its 1.7 billion yuan (US$241 million) onshore bond due on Monday, according to an exchange filing. The latest default has cast doubt on whether Tunghsu could meet its obligations on a US$44 million bond maturing in June 2020, after it defaulted two notes totalling 3 billion yuan on November 18.


Tunghsu is the latest in a growing list of Chinese defaulters this year, as banks have tightened their funding to private companies amid China’s slowest economic growth rate in nearly three decades. As of November 12, 45 Chinese corporate issuers had defaulted on interest or principal payments on bonds totalling 85.16 billion yuan, compared with 39 defaults on bonds worth 102.48 billion yuan for all of 2018, according to Reuters. Falling export orders as a result of the US-China trade war has strained the cash flow of manufacturers, while Beijing’s crackdown on shadow banking has also cut off alternative sources of capital for many small companies.

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Charles to the rescue?

Virginia Giuffre In Plea To Public Over Prince Andrew Scandal (G.)

A beleaguered Prince Andrew faced fresh embarrassment after his accuser Virginia Giuffre, who claims she was trafficked as a teenager to have sex with him, appeared on television to implore the British public to “not accept this as being OK”. In her first UK broadcast interview, Giuffre repeated allegations she had sex with the prince when she was aged 17 on the instructions of Ghislaine Maxwell, a socialite and close friend of the US financier and sex offender, Jeffrey Epstein, who killed himself in August. The prince, 59, whose relationship with Epstein has led to him standing down from public duties, has consistently and categorically denied the allegations, which Buckingham Palace said were “false and without foundation”.


BBC Panorama said it had uncovered a 2015 email from Andrew to Maxwell asking for help dealing with the allegations by Giuffre, previously Virginia Roberts. He wrote: “Let me know when we can talk. Got some specific questions to ask you about Virginia Roberts,” to which Maxwell replied: “Have some info. Call me when you have a moment.” In the interview that was broadcast on Monday, Giuffre said: “I implore the people in the UK to stand up beside me, to help me fight this fight, to not accept this as being OK. “This is not some sordid sex story. This is a story of being trafficked. This is a story of abuse and this is a story of your guy’s royalty.”

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When someone says 2050, ignore them.

EU Leaders To Push For Climate Neutrality By 2050 (R.)

European Union leaders meeting in Brussels next week will push to agree to put the bloc on net-zero greenhouse gas emissions by 2050, their draft joint statement showed on Monday, heralding a bitter fight looming at their gathering. The Dec. 12-13 summit of the bloc’s national leaders will aim to endorse “the objective of achieving a climate-neutral EU by 2050”, according to the document seen by Reuters. Previous attempts, however, were blocked by Poland, Hungary and the Czech Republic, who rely on highly polluting coal. They have previously said they oppose climate neutrality by 2050 for fear cutting greenhouse emissions will stifle their economies.


To convince the reluctant camp, the draft summit conclusions refer to “just and socially balanced transition”, the European Investment Bank’s announcement to unlock 1 trillion euros worth of green investment until 2030, the need to ensure energy security and competitiveness vis-à-vis foreign powers not pursuing such climate goals. The draft, prepared in advance of the leaders’ discussions, may still change. But it will eventually need unanimous backing of all EU national leaders for there to be agreement at the summit. The bloc’s new executive European Commission also aims to push for climate neutrality by mid-century and wants to make the EU’s 2030 climate targets more ambitious.

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You want your food good or cheap?

Small American Farmers Are Nearing Extinction (Time)

In the American imagination, at least, the family farm still exists as it does on holiday greeting cards: as a picturesque, modestly prosperous expanse that wholesomely fills the space between the urban centers where most of us live. But it has been declining for generations, and the closing days of 2019 find small farms pummeled from every side: a trade war, severe weather associated with climate change, tanking commodity prices related to globalization, political polarization, and corporate farming defined not by a silo and a red barn but technology and the efficiencies of scale. It is the worst crisis in decades. Chapter 12 farm bankruptcies were up 12 percent in the Midwest from July of 2018 to June of 2019; they’re up 50 percent in the Northwest. Tens of thousands have simply stopped farming, knowing that reorganization through bankruptcy won’t save them. The nation lost more than 100,000 farms between 2011 and 2018; 12,000 of those between 2017 and 2018 alone.


Farm debt, at $416 billion, is at an all-time high. More than half of all farmers have lost money every year since since 2013, and lost more than $1,644 this year. Farm loan delinquencies are rising. Suicides in farm communities are happening with alarming frequency. Farmers aren’t the only workers in the American economy being displaced by technology, but when they lose their jobs, they also ejected from their homes and the land that’s been in their family for generations. “It hits you so hard when you feel like you’re the one who is losing the legacy that your great-grandparents started,” said Randy Roecker, a Wisconsin dairy farmer who has struggled with depression and whose neighbor Leon Statz committed suicide last year after financial struggles forced him to sell his 50 dairy cows. Roecker estimates he’s losing $30,000 a month.

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Third world. Rich ruling class, and then the rest.

At Least 135,000 Children In Britain Will Be Homeless At Christmas (G.)

At least 135,000 children will be homeless and living in temporary accommodation across Britain on Christmas day – the highest number for 12 years – according to the housing charity Shelter. It estimates that a child loses their home every eight minutes – 183 children per day. At this rate, 1,647 children will become homeless between now and the general election on 12 December, and more than 4,000 by 25 December. London has the highest concentration of homeless youngsters, up 33% since 2014. About 88,000 children were homeless and in temporary accommodation in the capital at the beginning of 2019 – equivalent to one in every 24 children.


The capital has 26 of the 30 British local authorities with the highest rates of homeless children. Four councils – Haringey, Newham, Westminster and Kensington & Chelsea – had homeless rates of one in every 12 children. Outside London, the places worst affected were: Luton (one in 22 children); Brighton & Hove (one in 30); Manchester (one in 47); and Slough (one in 53). In Wales, one in 412 children are homeless, up 28% since 2015, while in Scotland one in 160 children were homeless, up 64% since 2014.

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Nov 282019
 
 November 28, 2019  Posted by at 9:52 am Finance Tagged with: , , , , , , , , , , ,  13 Responses »


Paul Gauguin Brooding woman 1891

 

Is Censure The Democrat Escape Clause? (Noble)
Tulsi Gabbard Slams Democrats for Calling Trump Supporters ‘Deplorables’ (GP)
China Threatens Retaliation After Trump Signs Hong Kong Democracy Bill (ZH)
Obama Holdover Investigated for ‘Illegally Leaked’ Classified Document (ET)
The Real Barack Obama Has Finally Revealed Himself (Jacobin)
Reuters Gamed A Poll To Show Rising Support For Trump Impeachment (ZH)
Fewer Than 120,000 Tactical Votes Could Block Boris Johnson Premiership (Ind.)
US Wants NHS On Table For Post-Brexit Trade Deal – Labour Dossier (Ind.)
Christopher Steele Distributed Other Dossier Reports (Solomon)
“Russian Trolls” Did Not “Sow Discord” – They Influenced No One (MoA)
Brick & Mortar Rent Meltdown, Manhattan Style (WS)
Merkel Says NATO Is ‘More Important’ Now Than During Cold War (RT)

 

 

Well, censure appears to be the word of the day.

Is Censure The Democrat Escape Clause? (Noble)

Rep. Brenda Lawrence (D-MI) is not one of those who represent a 2016 Trump-voting district. In fact, her safe Democrat district encompasses part of eastern Detroit. Even so, Lawrence has seen the writing on the wall: Among independent voters, enthusiasm for impeachment is waning, and Lawrence – who previously supported the idea – is perhaps now thinking beyond her own chances of re-election. “I will tell you, sitting here knowing how divided this country is,” Lawrence explained Nov. 24 during a radio interview, “I don’t see the value of taking [Trump] out of office, but I do see the value of putting down a marker saying his behavior is not acceptable.”

An editorial, published Nov. 23 by The Detroit News, suggests censure of the president rather than impeachment, and The Chicago Tribune followed suit on Nov. 25. It is neither unfair nor inaccurate to point out that the left-wing media rarely take up a political narrative not preapproved by someone within the Democratic Party. So the sudden appearance of editorials arguing for censure strongly suggests that Democrat strategists are leaning in that direction or at least testing the waters. Unlike impeachment, censure is not a constitutional measure. That is not to say that censure is unconstitutional, but that it is simply a course of action devised by Congress and not described in the nation’s founding document. There is no mandatory consequence to censure, and nobody would suggest that censure could lead to removal from the office of president.

It has been used most often to rebuke or reprimand members of Congress, though Trump, were he censured, would not be the first commander in chief to have faced it. In effect, censure is an act of disapproval. For a member of Congress, it may entail such undesirable consequences as loss of committee memberships or even suspension; it comes with no penalties when used against executive branch officials. And that is how it should be, or the concepts of separation of powers and co-equal branches of government would likely be swept away in an avalanche of partisan censure votes. Both the Senate and the House have the power to censure or reprimand, and each chamber may do it without the approval or involvement of the other. Censure requires only a simple majority. At least some Democrats, surely, are considering how much easier than impeachment censure will be. They also may be considering how a censure resolution will provide the opportunity to pontificate at length – on live TV – about Trump’s moral turpitude and failings, both as a human being and as a president.

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A lone voice in the wilderness: “..you can’t win support from people that you treat “like garbage.”

Tulsi Gabbard Slams Democrats for Calling Trump Supporters ‘Deplorables’ (GP)

Rep. Tulsi Gabbard once again defended supporters of President Donald Trump, as well as her appearances on Fox News, during an interview with Joe Rogan on Tuesday night. The 2020 Democratic presidential candidate said that you can’t lead Americans as president if you’re going to throw “half of them away.” “It’s one thing to say you’re gonna go on Fox News and tussle with Sean Hannity about things you disagree on, but what they see as more dangerous is finding areas where you actually do agree,” Gabbard proclaimed.

“I have a platform to be able to speak to millions of people across the country about the kind of leadership I bring in the area of foreign policy. What I would do here in this country, what I would do there in that country if I were president today. And I have the opportunity to deliver that message directly to people’s living rooms or offices or wherever they are.” Rep. Gabbard was attacked by Sen. Kamala Harris during the November Democratic Primary debate for her willingness to appear on Fox News.

“I think in some of these areas, Tucker and I will disagree on a whole host of things, but on some of these issues of foreign policy he’ll say, ‘Yeah, I agree with you,’” she continued. “And I think when you look at this cancel culture — I was attacked on the debate stage for going on Fox News — how do you think you’re gonna lead this country, all Americans, if you’re completely not only shutting out and not willing to do talk to half the country that watches Fox News, but you’re in fact disrespecting and dismissing them just because they may disagree with you, or they watch a different news channel than you do. I think that’s the bigger issue here, is you know, yeah, there’s a political consequence.” She noted that you can’t win support from people that you treat “like garbage.”

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Trump had no choice, he was outnumbered. China also has no choice, it must respond, but Xi knows what situation Trump is in.

China Threatens Retaliation After Trump Signs Hong Kong Democracy Bill (ZH)

[..] on day 510 of the trade war, it appears the president was confident enough that a collapse in trade talks won’t drag stocks too far lower, and moments after futures reopened at 6pm, the White House said that Trump had signed the Hong Kong bill backing pro-democracy protesters, defying China and making sure that every trader’s Thanksgiving holiday was just ruined.Needless to say, no differences will be “settled amicably” and now China will have no choice but to retaliate, aggressively straining relations with the US, and further complicating Trump’s effort to wind down his nearly two-year old trade war with Beijing.

Trump’s signing of the bill comes during a period of unprecedented unrest in Hong Kong, where anti-government protests sparked by a now-shelved extradition bill proposal have ballooned into broader calls for democratic reform and police accountability. “The Hong Kong Human Rights and Democracy Act reaffirms and amends the United States-Hong Kong Policy Act of 1992, specifies United States policy towards Hong Kong and directs assessment of the political developments in Hong Kong,” the White House said in a statement. “Certain provisions of the act would interfere with the exercise of the president’s constitutional authority to state the foreign policy of the United States.”

The legislation, S. 1838, which was passed virtually unanimously in both chambers, requires annual reviews of Hong Kong’s special trade status under American law and will allow Washington to suspend said status in case the city does not retain a sufficient degree of autonomy under the “one country, two systems” framework. The bill also sanctions any officials deemed responsible for human rights abuses or undermining the city’s autonomy. The House cleared the bill 417-1 on Nov. 20 after the Senate passed it without opposition, veto-proof majorities that left Trump with little choice but to acquiesce, or else suffer bruising fallout from his own party. the GOP.

Trump also signed into law the PROTECT Hong Kong act, which will prohibit the sale of US-made munitions such as tear gas and rubber bullets to the city’s authorities. While many members of Congress in both parties have voiced strong support for protesters demanding more autonomy for the city, Trump had stayed largely silent, even as the demonstrations have been met by rising police violence. Until now.

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A tangled web.

Obama Holdover Investigated for ‘Illegally Leaked’ Classified Document (ET)

The Obama holdover heading the Pentagon office reportedly under investigation by the U.S. attorney who is conducting the criminal probe of the Trump–Russia investigation was accused of leaking a classified document, in a recent court filing for retired Lt. Gen. Michael Flynn. The connection hasn’t been previously reported. According to a Nov. 21 report by independent journalist Sara Carter, U.S. Attorney John Durham is questioning personnel in the Pentagon’s Office of Net Assessment (ONA). ONA awarded about $1 million in contracts to FBI informant Stefan Halper, who appears to have played a key role in alleged U.S. intelligence agency spying on 2016 Trump campaign advisers Carter Page and George Papadopoulos.

In addition, however, a court filing indicates that ONA’s director, James H. Baker, “is believed to be the person who illegally leaked the transcript of Mr. Flynn’s calls” to The Washington Post. Specifically, the filing states, “ONA Director Baker regularly lunched with Washington Post Reporter David Ignatius.” The filing adds that Baker “was Halper’s ‘handler’” at ONA. Moreover, according to the court filing, the tasks assigned to “known long-time operative for the CIA/FBI” Halper “seem to have included slandering Mr. Flynn with accusations of having an affair with a young professor (a British national of Russian descent).” The filing notes that Flynn’s defense team has requested phone records for then-Director of National Intelligence James Clapper, likewise in order to confirm contacts with Ignatius.

The filing singles out records for Jan. 10, 2017, when, according to the filing, “Clapper told Ignatius in words to the effect of ‘take the kill shot on Flynn.’” The Pentagon’s current inspector general has already found that Baker’s office “did not maintain documentation of the work performed by Professor Halper or any communication that ONA personnel had with Professor Halper.” As a result, according to the inspector general, ONA staff “could not provide sufficient documentation that Professor Halper conducted all of his work in accordance with applicable laws and regulations.”

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Quite the attack.

The Real Barack Obama Has Finally Revealed Himself (Jacobin)

What does Barack Obama want? To ask the question is both to wonder how one of the world’s most influential people chooses to dedicate his time and to consider to what ends he thinks it is best put to use. As Nathan Robinson and I argued a little more than two years ago, a post-presidency offers us the ideal heuristic for doing exactly that. In office, or so it has often been suggested, Obama’s fiery progressive spirit was endlessly stifled by a combination of events, GOP obstruction, and the inherent conservatism of the American legislative process. Having left such constraints behind, many believed, post-2016 Obama would now be free to do just about anything he wanted — meaning that the former president’s real self could finally surface from beneath the depths of institutional necessity under which it had hitherto been submerged.

This prediction turned out to be true enough, just not in the way many Obama partisans assumed. Equipped with fame, wealth, and a vast reservoir of residual goodwill Obama now has more power to do good in an hour than most of us do in a lifetime. The demands of etiquette and propriety notwithstanding, he no longer has intransigent Blue Dog senators to appease, donors to placate, or personal electoral considerations to keep him up at night. When he speaks or acts, we can be reasonably certain he does so out of sincere choice and that the substance of his words and actions reflect the real Barack Obama and how he honestly sees the world.

It therefore tells us a great deal that, given the latitude, resources, and moral authority with which to influence events, Obama has spent his post-presidency cozying up to the global elite and delivering vapid speeches to corporate interests in exchange for unthinkable sums of money. Though often remaining out of the spotlight, he has periodically appeared next to various CEOs at events whose descriptions might be read as cutting satire targeting the hollowness of business culture if they weren’t all-too real. As the world teeters on the brink of ecological disaster, he recently cited an increase in America’s output of oil under his administration as a laudable achievement.

When Obama has spoken about or intervened in politics, it’s most often been to bolster the neoliberal center-right or attack and undermine the Left. Having emerged from seclusion to endorse the likes of Emmanuel Macron and Justin Trudeau, Obama also rang up Britain’s austerity-loving Conservative prime minister Theresa May on election night in 2017 to offer reassurance and trash the Labour Party’s electoral prospects. Only last week, while denouncing the Democratic Party’s “activist wing,” the former president who had once introduced himself to the nation as a progressive, community-minded outsider inveighed against those pushing for a more ambitious direction — contemptuously instructing a group of wealthy donors not to concern themselves too-much with the irrational zealotry of “certain left-leaning Twitter feeds.”

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Why do we still have polls left? What purpose do they serve other than entertainment?

Reuters Gamed A Poll To Show Rising Support For Trump Impeachment (ZH)

After several major polls revealed a sharp decline in support for impeaching President Trump in the wake of unconvincing public testimony by aggrieved bureaucrats (and at least one House Democrat publicly opposing the move), Reuters/Ipsos now claims support for impeachment has increased. “The latest poll, conducted on Monday and Tuesday, found that 47% of adults in the United States felt Trump “should be impeached,” while 40% said he should not. The result, combined with Reuters/Ipsos polling over the past several weeks, showed that the number of Americans who want to impeach the president increasingly outnumbers those who do not.” -Reuters The problem? Reuters sampled a disproportionate number of Democrats. Buried at the bottom of their report, they disclose:

“The Reuters/Ipsos poll was conducted online, in English, throughout the United States. It gathered responses from 1,118 adults, including 528 Democrats, 394 Republicans and 111 independents. It has a credibility interval, a measure of precision, of 3 percentage points.” In other words, Reuters sampled more Democrats than Republicans and independents combined to arrive at their conclusion. They also reveal that ” about eight in 10 Democrats [were] supportive of impeaching Trump, and eight in 10 Republicans opposed,” and that seven in 10 Republicans felt the House impeachment inquiry had not been conducted fairly. As we noted during the 2016 US election, Reuters/Ipsos wasoversampling Democrats when they found that Hillary Clinton had a giant lead over Donald Trump – using a poll that sampled 44% Democrats and 33% Republicans.

But hey, Adam Schiff needs something to back his claim that support for impeachment has grown “dramatically” over the past two months.

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And here’s another poll. Does anyone fully understand this system?

Fewer Than 120,000 Tactical Votes Could Block Boris Johnson Premiership (Ind.)

Fewer than 120,000 anti-Brexit tactical votes in the right seats could deny Boris Johnson an overall majority in the House of Commons, new polling suggests. A large-scale survey of almost 40,000 voters found that Conservatives are heading for 366 seats in the House of Commons, giving Mr Johnson a comfortable majority of 82. But analysis for the Best for Britain campaign for a second EU referendum found that in 57 seats, the Tory candidate could be defeated by 4,000 or fewer anti-Brexit voters voting tactically. And the campaign said that as few as 117,314 pro-EU tactical votes in the right seats could produce a hung parliament which could deliver a Final Say referendum.

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Scary enough fpr you?

US Wants NHS On Table For Post-Brexit Trade Deal – Labour Dossier (Ind.)

US negotiators pushed for “full market access” to services including the NHS in talks on a post-Brexit free trade deal with the UK, a cache of leaked documents has revealed. The papers were dramatically unveiled by Labour leader Jeremy Corbyn, who said they left “in tatters” the prime minister’s denial that the NHS will be on the table in trade talks. The 451-page dossier of official files showed the US had “pushed hard” to extend patents on drugs developed by American corporations in a way which would raise prices to NHS patients. A UK negotiator said such a move could put Britain “in difficult territory”.

And the dossier made clear that the US has been “emphatic” in its insistence that climate change should not even be mentioned in the deal, which Boris Johnson wants to strike as soon as possible after the UK leaves the European Union. But furious Conservatives accused Mr Corbyn of “out-and-out lying” and suggested he was peddling conspiracy theories in a bid to distract attention away from his difficulties over antisemitism allegations and Labour’s plans for Brexit and taxation. Mr Johnson dismissed the Labour leader’s claims as “total nonsense”, and said: “I can give you an absolute cast-iron guarantee that this is a complete diversion. That the NHS under no circumstances would be on the table for negotiation, for sale.”

[..] After a slew of bad headlines about his refusal to apologise for his handling of antisemitism during a TV interview on Tuesday, Mr Corbyn came back fighting with the claim that Mr Johnson’s government was “preparing to sell our NHS”. He pointed to details in the dossier which showed that the US was pushing for a deal in which all services would be opened up to American companies unless they were specifically exempted. “Total market access” should be the “baseline assumption of the trade negotiations” because it “incentivises freer trade”, the dossier said. UK officials assured their US counterparts that Britain would be “a liberalising influence” and that together they could “fly the good flag for services liberalisation”.

“That’s a green light for breaking open Britain’s public services so corporations can profit from them,” said Mr Corbyn. And he warned: “The US is demanding that our NHS is on the table in negotiations for a toxic deal – it’s already being talked about in secret. That could lead to runaway privatisation of our health service. “Mega-corporations see Johnson’s alliance with Trump as a chance to make billions from the illness and sickness of people in this country. “And if the Conservatives have their way and this deal goes forward, the changes I’ve revealed will be almost irreversible.”

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A foreigner paid for dirt on a political opponent. What do we call that?

Christopher Steele Distributed Other Dossier Reports (Solomon)

Just before Christmas 2015, the British intelligence operative Christopher Steele emailed a report to private clients that included an American lawyer for a Ukrainian oligarch. The title of the dossier was “FIRTASH Abortive Return to Ukraine,” and it purported to provide intelligence on why the energy oligarch Dmitri Firtash tried, but failed, to return to his home country of Ukraine. “FIRTASH’s talk of returning to Ukraine a genuine ambition rather than merely a ruse to reveal Ukrainian government’s hand. However the oligarch developed cold feet upon the news of a negative reception at Boryspil airport,” Steele reported on Dec. 23, 2015.

Perhaps most important to the recipients, the former MI6 agent’s report purported to share the latest thinking of Russian and U.S. officials on Firtash, who at the time faced U.S. criminal charges and was awaiting extradition from Austria. Those charges and extradition remain unresolved four years later. Firtash insists on his innocence, while the U.S. government stands by it case despite recent criticism from Austrian and Spanish authorities. “The prevarication over his return has lost FIRTASH credibility with the Russians, but his precarious position in Austria leaves him little choice but to acquiesce with Moscow’s demands,” the Steele report claimed. “Separate American sources confirm that US Government regards FIRTASH as a conduit for Russian influence and he remains a pariah to the Americans.”

The anecdote of the Firtash report underscores that challenges the FBI faced when it used Steele in 2016 as a human source in the Russia collusion probe. He not only opposed Trump and was paid by Hillary Clinton’s opposition research firm to dig up dirt on the then-GOP nominee, he also was in the business of selling intelligence to private clients – all perfectly legal — while informing for the FBI.

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Robert Mueller gave it away.

“Russian Trolls” Did Not “Sow Discord” – They Influenced No One (MoA)

The U.S. has claimed that the Russia government tried to influence the 2016 election through Facebook and Twitter. Russia supposedly did this through people who worked the Internet Research Agency (IRA) in St. Petersburg (Leningrad), Russia. The IRA people ran virtual persona on U.S. social networks which pretended to have certain political opinions. It also spent on advertising supposedly to influence the election. U.S. intelligence claimed that the purpose of the alleged Russian influence campaign was to “sow discord” within the United States. But the IRA had nothing to do with the Russian government. It had no interests in politics. And a new study confirms that the idea that it was “sowing discord” is blatant nonsense.


IRA influencer

The Mueller investigation indicted 13 Russian persons and three Russian legal entities over the alleged influence campaign. But, as we wrote at that time, there was more to it than the media reported: “The published indictment gives support to our long held believe that there was no “Russian influence” campaign during the U.S. election. What is described and denounced as such was instead a commercial marketing scheme which ran click-bait websites to generate advertisement revenue and created online crowds around virtual persona to promote whatever its commercial customers wanted to promote. The size of the operation was tiny when compared to the hundreds of millions in campaign expenditures. It had no influence on the election outcome.”

The IRA hired people in Leningrad for little money and asked them to open accounts on U.S. social media. The virtual persona they created and ran were to attract as many persons to those accounts as possible. They did that by posting funny dog pictures or by taking strong political positions. They were ‘influencers’ who sold their customers’ products to the people they attracted. The sole purpose was the same as in any commercial media. Create content to attract ‘eyeballs’, then sell those eyeballs to advertisers.

The IRA also bought advertisement to attract more people to its accounts. But the amount it spent was tiny. The final price tag for the 2016 election was $6.5 billion for the presidential and congressional elections combined. The IRA spend a total of $100,000 to promote its own accounts. But only some $45,000 of that was spend before the election. It was 0.000007 cent for every election dollar that was spend during that time. It is statistically impossible that the mostly apolitical IRA spending had any effect on the election.

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Not the same all over Manhattan, but the trend is there.

Brick & Mortar Rent Meltdown, Manhattan Style (WS)

These are major shopping corridors in Manhattan, and in nearly all of them, asking rents for ground-floor retail space have been dropping for years – and in some of them by half. For example, the average asking rent on Madison Avenue between 57th Street and 72nd Street, plunged 22% in the second half of 2019, compared to the same period last year, to $906 per square foot per year, and is down 47% from the first half in 2015, according to the bi-annual Manhattan Retail Report released today by the Real Estate Board of New York. The REBNY report points out, “An increased amount of leases expiring has contributed to the high availability rates [meaning, vacancies] that has led owners to lower asking rents and offer more short-term lease agreements.”

Falling asking rents and better terms in the Madison Avenue corridor – better deals for prospective tenants – help bring out prospective tenants, according to the report: “Softening rents has led to increased absorption as recent leases consist of retailers relocating to smaller-sized storefronts with better co-tenancy. Notables tenants such as Akris, Mont Blanc, and Morgane Le Fay indicate that apparel tenants still dominate this corridor.” The report is entirely focused on ground-floor retail spaces. Of the 17 shopping corridors in Manhattan tracked by the REBNY, average asking rents fell in 11 of them. But since 2015, asking rents in all but three of them have dropped sharply.

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The true colors of Mutti.

Merkel Says NATO Is ‘More Important’ Now Than During Cold War (RT)

German Chancellor Angela Merkel said NATO is now equally or more important than it was during the Cold War, a praise being sang to a military bloc long without its arch-rival and with a history of interventions.
East Germany native Angela Merkel provided her very complimentary take as NATO braces to mark their 70th anniversary at a special summit in London. Keeping the military bloc in place today “is even more in our very own interests as it was in the Cold War – or at least as important as it was in the Cold War,” the Chancellor told German MPs. “Because, and the Foreign Minister [Heiko Maas] said yesterday, Europe currently cannot defend itself on its own,” she reiterated.

Slightly contradicting her own words, the chancellor admitted that the US “no longer automatically takes up responsibility when it’s burning around us.” As the formal etiquette prescribes, Merkel called NATO a “bulwark for peace and freedom” over the past 70 years, without highlighting the bloc’s war on former Yugoslavia and the 2011 bombardments of Libya. The German leader has recently locked horns with France’s Emmanuel Macron over his famous “NATO’s brain death” remark that sent shockwaves through European elite circles. Macron’s “drastic words” were “unnecessary, even if we do have problems and must get it together,” Merkel complained at the time.

Rebuking Macron was also NATO Secretary General Jens Stoltenberg, who said last week that “European unity cannot replace Transatlantic unity as we need both … especially after Brexit.” But bringing the 70-year-old alliance together is increasingly becoming a challenge for its members. On the latest occasion, Turkey – a country that has one of NATO’s largest standing armies – refused to sign a new defense plan for the eastern European countries, according to Reuters.

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Clive James died yesterday.

 

 

 

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Nov 272019
 


Margaret Bourke-White Beach Accident, Coney Island, Brooklyn, NY 1951

 

The House Will Not Vote On Impeachment. It Will Censure Trump (MoA)
The One Terrific Impeachment Defense The White House Is Not Making (DW)
Obama Privately Said He Would Speak Up To Stop Sanders (Hill)
MSNBC Doesn’t Try To Hide ‘Contempt’ Towards Gabbard (Hill)
China Risks Losing Its Financial Window On The World (G.)
More Than Half Of China’s Banks Fail Central Bank Stress Test (ZH)
Boeing’s Problems Mount As FAA Vows To Ramp Up 737 MAX Oversight (BI)
Is Macron Right? Is NATO, 70, Brain Dead? (Buchanan)
Questions Cloud Story Behind Browder, Magnitsky (Spiegel)
Narrative Managers Faceplant In Hilarious OPCW Scandal Spin Job (CJ)
A Tale of Prince Andrew and Julian Assange (George Galloway)

 

 

Sounds logical. Will logic decide this though? It doesn’t seem to have had much influence so far.

The House Will Not Vote On Impeachment. It Will Censure Trump (MoA)

If more Democratic swing-state representatives defect from the impeachment camp, which seems likely, House Speaker Nancy Pelosi will have a big problem. How can she proceed?
• If the House votes down impeachment Donald Trump wins.
• If the House holds no vote on the issue Donald Trump wins.
• If the House votes for censure Donald Trump will have won on points and the issue will be over.
• If the House votes for impeachment the case goes to the Senate for trial.

The Republican led Senate has two choices:
• It can decide to not open an impeachment trial by simply voting against impeachment. Trump wins.
• It can open a impeachment trial, use it to extensively hurt the Democrats and, in the end, vote against impeachment. Trump wins big time.

Should the House vote for impeachment the Senate is likely to go the second path. During impeachment the whole Senate sits as the High Court. The House of Representatives sends ‘managers’ who act as prosecutors. The chief justice of the U.S. presides. A vote for impeachment at the end of the trial requires a two-third majority. The Republican majority in the Senate could use such a trial to bring disarray into the Democrats’ primary. Elizabeth Warren, Bernie Sanders, Kamala Harris, Cory Booker, Amy Klobuchar and Michael Bennet are all senators and Democratic primary candidates. They would probably have to stop campaigning to attend the trials. Another leading Democratic candidate would be a top witness.

The Republican senators would immediately call up a number of people for questioning. These would include Joe Biden, Hunter Biden, his business partner Devon Archer, John Kerry who was Secretary of State when Biden intervened for Burisma owner Mykola Zlochevsky and of course the CIA spy and (not-)whistleblower Erik Ciaramella. It would also be of interest to hear how deep the former CIA director John Brennan was involved in the issue. The Senators could use the impeachment trial to dig into all the crimes the Democrats under Obama committed in Ukraine. They would concentrate not on the Maidan coup but on the aftermath when the deals were made. There surely is a lot of dirt out there and it is not only Joe Biden’s.

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Free speech.

The One Terrific Impeachment Defense The White House Is Not Making (DW)

As Texans will certainly remember, then-Governor Rick Perry was indicted in 2014 by a grand jury for abusing his official capacity when he threatened to withhold $7.5 million in funding for the Travis County district attorney’s Public Integrity Unit unless the district attorney, who had previously been convicted of drunk driving and subsequently incarcerated, resigned. Sounds a lot like a quid pro quo, no? At the time, the special prosecutor’s operative legal theory required that the First Amendment not protect a governmental actor’s right to threaten taking a lawful action in order to attain a preferred political outcome. If the special prosecutor were wrong, then Governor Perry’s attempted quid pro quo would hardly be illegal at all — it would actually be constitutionally protected speech.

At the time, powerful and ideologically diverse group of attorneys argued that the special prosecutor sought to criminalize constitutionally protected speech. The group included right-leaning legal luminaries such as law school professors Eugene Volokh and former Judge Michael McConnell, as well as former U.S. Attorney General Michael Mukasey. The group also includes historically liberal-leaning First Amendment scholars, such as Floyd Abrams and Alan Dershowitz. The counsel of record on this notable amicus brief was then-private attorney James C. Ho — for whom, in the interest of full disclosure, I served as a law clerk upon his successful nomination as a judge on the U.S. Court of Appeals for the Fifth Circuit.

The amicus brief argued that “[a] political official has the right to threaten to perform an official act in order to persuade another government official to engage in some other official act.” It continued: “That is not a crime — it is core political speech.” Governor Perry’s quid pro quo with respect to withholding funds from the Travis County district attorney’s Public Integrity Unit, the brief contended, “is protected free expression, and the [g]overnor cannot be prosecuted for it.” The Texas Court of Criminal Appeals, which is the Lone Star State’s highest court for criminal cases, agreed. “[P]ublic servants have a First Amendment right to engage in expression, even threats, regarding their official duties,” the Court held. “Many threats that … public servants make as part of the normal functioning of government” would be criminalized under the special prosecutor’s legal theory, the Court continued.

The Court’s rationale is not even remotely partisan or political; it is pure logic and common sense. Quid pro quos routinely happen in politics as a day-to-day reality of politics. Before issuing his DAPA executive amnesty, President Barack Obama consistently threatened to use his “pen and phone” if Congress did not take the legislative action he desired. Unruly congressmen often have their committee assignments threatened by committee chairmen if they fail to vote in accordance with congressional leadership’s desires. Heck, does anyone think that neither House Speaker Nancy Pelosi (D-CA) nor Senate Majority Leader Mitch McConnell (R-KY) engages in dozens of quid pro quos on a weekly basis as a rudimentary requirement of executing their chamber-wide leadership jobs?

The Trump impeachment defense should adopt this line of argumentation. How on earth can the president of the United States be impeached for engaging in constitutionally protected speech? How on earth can the president’s deployment of constitutionally protected speech, in the context of foreign policy, amount to an “abuse or violation of some public trust” that merits impeachment less than one year away from a presidential election?

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Oh boy: “..we have a field of very accomplished, very serious and passionate and smart people..”

Obama Privately Said He Would Speak Up To Stop Sanders (Hill)

President Obama privately said he would speak up to stop Sen. Bernie Sanders (I-Vt.) from becoming the Democratic presidential nominee, Politico reported Tuesday. The former president reportedly said if Sanders held a strong lead in the Democratic primary, he would speak out to prevent him from becoming the nominee. A close adviser to Obama told Politico he could not confirm whether Obama would stand up against Sanders. “He hasn’t said that directly to me,” the adviser said. “The only reason I’m hesitating at all is because, yeah, if Bernie were running away with it, I think maybe we would all have to say something. But I don’t think that’s likely. It’s not happening.”


An Obama spokesperson, when asked about his previous comments on Sanders, referred to the president’s past comments that he would back whomever became the Democratic nominee. “Look, we have a field of very accomplished, very serious and passionate and smart people who have a history of public service, and whoever emerges from the primary process I will work my tail off to make sure that they are the next president,” Obama said earlier this month, according to his spokesperson.

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This must be the weirdest poll graph I’ve ever seen.

MSNBC Doesn’t Try To Hide ‘Contempt’ Towards Gabbard (Hill)

Progressive journalist Michael Tracey claimed Tuesday that MSNBC is has dropped all pretenses for their “contempt” towards Rep. Tulsi Gabbard (D-Hawaii). The political news contributor said the left-leaning network has treated her fellow 2020 Democratic candidates, including businessman Andrew Yang and Sen. Bernie Sanders (I-Vt.) unfairly, but he argued that with Gabbard it, “crosses a certain threshold.” “Fundamentally they’re beholden to whatever the market incentives are and right now it’s within their market interests to depict Tulsi as an infiltrator, as a Trojan horse in the Democratic Party and not deal on the substance with what she’s saying which is why over and over again they tar her as a Russian plant essentially,” Tracey told Hill.TV.


“There’s nobody who can really offer any kind of countervailing view because it’s just not economically advantageous for them at this point,” he added. Tracey pointed to a fiery exchange between Gabbard and Sen. Kamala Harris (D-Calif.) during last week’s 2020 primary debate as a prime example. During the debate, Harris accused Gabbard of being a conservative media darling and consistently going on Fox News to bash President Obama during his tenure. “I think that it’s unfortunate that we have someone on this stage who is attempting to be the Democratic nominee for president of the United States, who, during the Obama administration, spent four years full-time on Fox News criticizing President Obama,” Harris said. Gabbard dismissed the criticism, calling it “ridiculous.”

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I think Hong Kong is a lot more than a “financial window”. It feels like China would be blind without it.

China Risks Losing Its Financial Window On The World (G.)

[..] although the leisure sector may have landed in the rough, the decision by the US Congress to pass the Hong Kong Human Rights and Democracy Act could represent a more significant long-term threat to the territory’s economic fortunes. The bill has infuriated Beijing as an “intervention” in its affairs but despite the delicate stage of US-China trade talks, Donald Trump is expected to sign the legislation because of its near-unanimous backing in Congress. The bill means the US would make an annual check that Hong Kong has sufficient autonomy from Beijing to qualify for the special US trading consideration that bolsters its status as a world financial centre. It also gives officials the power to levy sanctions against officials responsible for human rights violations in Hong Kong.

A second bill, which the Senate also approved unanimously on Tuesday, would ban the export of certain crowd-control munitions to Hong Kong authorities. George Magnus, the former chief economist of the investment bank UBS and now an associate of the London School of Economics’s IDEAS thinktank, said the legislation was potentially damaging for China. “Hong Kong is China’s financial window on the world, and vice versa. The territory lends China capital, clout and kudos. All of this is now at risk.” The consultancy Capital Economics said the bills highlighted a growing feeling that Hong Kong’s autonomy was “deteriorating” and could persuade some firms to look for new accommodation in east Asia. “The bill itself would not directly reduce the territory’s international status unless other countries follow suit,” Capital said this week.


“But it could lead the large number of foreign firms operating in the city to increasingly focus their energy on other Asian financial centres with less uncertain outlooks.” [..] with most experts agreed that Beijing will not back down and allow Carrie Lam’s government to give concessions to the pro-democracy groups, it is hard to see how the situation can be resolved quickly and pull the economy back from a disastrous, prolonged recession. Dan Harris, a lawyer at the Seattle firm of Harris Bricken who has done business in the region for decades, says the ongoing protests mean Hong Kong as an international financial centre is “no more”. “It’s finished as an international business centre because it was based on trust, safety and the rule of law and that’s all gone. Companies are looking to leave. No one is thinking of moving in,” he said.

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There are bank runs, small ones for now.

More Than Half Of China’s Banks Fail Central Bank Stress Test (ZH)

[..] with less income from lending and without the full suite of funding options available to much larger peers, the interest rates that China’s legion of small banks may have to offer to attract deposits could further undermine their stability. The irony is that to preserve their critical deposit base, small banks have to hike deposit rates even higher to stand out, in the process sapping their own lifeblood and ensuring their self-destruction, or as we dubbed it earlier, China’s own version of Europe’s “doom loop.” Dai Zhifeng, a banking analyst with Zhongtai Securities, told Reuters the funding difficulties risked distorting small banks’ behavior, making failure even more likely: “Lacking core competitiveness, some of them have turned to high-risk, short-sighted operations,” he said, adding that a liquidity crunch was possible at some institutions.


But for a nation with a $40 trillion financial system, double the size of US banks, and well over 4,000 small, medium and massive, state-owned banks, here please recall that the 4 largest banks in the world are now Chinese:• ICBC: $4TN • China Construction: $3.4TN • Agri Bank of China: $3.3TN • Bank of China: $3.1TN … the question how many banks will fail in the near future, is especially relevant not only for China but for the entire world. Luckily, we got an answer from none other than China’s central bank, which on Monday said that China’s banking sector is “showing signs of strain”, with more than 13% of 4,379 lenders now considered “high risk” by the central bank. In other words, take the 5 banks listed above which either suffered a bank run and/or were bailed out or nationalized, and add to them over 500 which are about to suffer the same fate.

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Full control of the process is the only thing the FAA could do. They are co-responsible for the entire crisis.

Boeing’s Problems Mount As FAA Vows To Ramp Up 737 MAX Oversight (BI)

The FAA said on Tuesday that it planned to exercise full control over all aspects of certification of Boeing’s 737 Max, even once the plane returns to commercial service. Relatively routine activities, such as certifying individual airplanes as they roll off the production line — as opposed to certifying the overall type of plane — will be performed by FAA officials, an agency spokesperson told Business Insider. Normally, routine day-to-day activities like certifying individual planes of an already certified type — the issuing of Airworthiness Certificates — which are among the final phases of the manufacturing process, are delegated to the planemaker.

Additionally, the likelihood of the plane being cleared to fly in 2019 was cast into further doubt, as was the possibility of Boeing resuming deliveries of completed planes to airline customers before the plane was fully cleared to reenter commercial service, according to The Air Current, an aviation industry publication. Boeing had stated earlier this month that it expected to resume deliveries in December, and for the plane to be fully cleared to fly again in January. However, it was not clear whether airline customers would accept delivery of the plane while it was not allowed to carry passengers.


“The FAA notified Boeing today that the agency will retain authority over the issuance of Airworthiness Certificates for all newly manufactured 737 MAX aircraft,” the FAA said in a statement. “This action is in line with Administrator Steve Dickson’s commitment that the agency fully controls the approval process for the aircraft’s safe return to service.” [..] “The FAA has not completed its review of the 737 MAX aircraft design changes and associated pilot training. The agency will not approve the aircraft for return to service until it has completed numerous rounds of rigorous testing. The FAA will take all the time it needs,” the agency added.

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NATO is a monster that has taken on a life of its own because of arms manufacturers.

Is Macron Right? Is NATO, 70, Brain Dead? (Buchanan)

During the Cold War, NATO enjoyed the widespread support of Americans and Europeans, and understandably so. The USSR had 20 divisions in Germany, surrounded West Berlin, and occupied the east bank of the Elbe, within striking distance of the Rhine. But that Cold War is long over. Berlin is the united free capital of Germany. The Warsaw Pact has been dissolved. Its member states have all joined NATO. The Soviet Union split apart into 15 nations. Communist Yugoslavia splintered into seven nations. As a fighting faith, communism is dead in Europe. Why then are we Americans still over there?

Since the Cold War, we have doubled the size of NATO. We have brought in the Baltic republics of Estonia, Latvia and Lithuania but not Finland or Sweden. We have committed ourselves to fight for Slovenia, Croatia, Albania and Montenegro but not Serbia, Bosnia or North Macedonia. Romania and Bulgaria are NATO allies but not Moldova or Belarus. George W. Bush kept us out of the 2008 Russia-Georgia clash over South Ossetia and Abkhazia. And Barack Obama refused to send lethal aid to help Ukraine retrieve Crimea, Luhansk or Donetsk, though Sen. John McCain wanted the United States to jump into both fights. In the House Intel Committee’s impeachment hearings, foreign service officers spoke of “Russian aggression” against our Ukrainian “ally” and our “national security” being in peril in this fight.


But when did Ukraine become an ally of the United States whose territorial wars we must sustain with military aid if not military intervention? When did Kyiv’s control of Crimea and the Donbass become critical to the national security of the United States, when Russia has controlled Ukraine almost without interruption from Catherine the Great in the 18th century to Mikhail Gorbachev in the late 20th century? Among the reasons Trump is president is that he raised provocative questions about NATO and Russia left unaddressed for three decades, as U.S. policy has been on cruise control since the Cold War. And these unanswered questions are deadly serious ones.

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Yes, it takes a group of Germans to probe how Americans fell for Browder. And for their own Deep State, which used the story because RussiaRussia.

Questions Cloud Story Behind Browder, Magnitsky (Spiegel)

There are two versions of what happened to Magnitsky. The more well-known version has all the makings of a conspiracy thriller. It’s been repeated in thousands of articles, TV interviews and in parliamentary hearings. In this version of the story, the man from the Moscow cemetery fought nobly against a corrupt system and was murdered for it. The other version is more complicated. In it, nobody is a hero. The first version has had geopolitical implications. In 2012, the United States passed the Magnitsky Act, which imposed sanctions against Russian officials who were believed to have played a role in his death. The measure was signed into law by then-President Barack Obama after receiving a broad bipartisan majority.

Back then, if there was one thing that politicians on both sides of the aisle could agree on, it was their opposition to a nefarious Russian state. In 2017, Congress passed the Global Magnitsky Act, which enabled the U.S. to impose sanctions against Russia for human rights violations worldwide. The facilitator behind these pieces of legislation is Bill Browder, Magnitsky’s former boss in Moscow. “When he was put to the ultimate test, he became the ultimate hero,” Browder says of Magnitsky. Browder was born in the U.S.. For years, his company, Hermitage Capital Management, was one of the largest foreign investors in Russia. At the time, Browder was an advocate for Russian President Vladimir Putin in the West. That is, until he was prohibited from entering Russia in 2005.

[..] Browder tells a gripping story of how Magnitsky, the whistleblower, is believed to have died. This narrative is his ticket into the political sphere. It’s why he’s received by members of parliament, diplomats and human rights activists alike, often with open arms. They support his push for more legislation because they see it as setting an important precedent: Corrupt regimes all over the world that are violating their citizens’ rights must be held accountable and made to suffer consequences in the form of entry bans and frozen accounts as laid out by the Global Magnitsky Act. The law makes it more difficult, if only slightly, for autocrats to sneer at and ignore human rights.

But there’s another version of the Magnitsky saga, one that is more contradictory than Browder’s telling and more difficult to summarize. The legal documents that underpin it fill dozens of binders, not only in Moscow, but also in London and New York. After sifting through thousands of pages, one might begin to wonder: Did the perfidious conspiracy to murder Magnitsky ever really take place? Or is Browder a charlatan whose story the West was too eager to believe?

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Now dig into Bellingcat’s role in MH17.

Narrative Managers Faceplant In Hilarious OPCW Scandal Spin Job (CJ)

Before we begin I should highlight that Bellingcat is funded by the National Endowment for Democracy, which according to its own cofounder was set up to do overtly what the CIA had previously been doing covertly, namely orchestrating narrative management geared toward the elimination of governments which refuse to comply with US interests. NED is funded directly by the US government, which means that Bellingcat is funded by the US government via an organization set up to promote imperialist regime change agendas. Bellingcat is also funded by Open Society Foundations, another imperialist narrative management operation.

[..] Bellingcat’s latest phenomenal report on how you’re supposed to think about important geopolitical disputes, titled “Emails And Reading Comprehension: OPCW Douma Coverage Misses Crucial Facts”, addresses the leaked OPCW email which was recently published by WikiLeaks and various other outlets revealing that the OPCW omitted crucial information from its Douma report which indicated that a chemical weapons attack was unlikely to have occurred. I encourage you to go and check out Bellingcat’s new masterpiece for yourself. Don’t worry about giving them clicks; that’s not where they get their money.

The first thing you’ll notice about Bellingcat’s article is that at no point does it even attempt to address the actual inflammatory comments within it, such as the OPCW whistleblower’s assertion that the samples tested where a chlorine gas attack is alleged to have occurred in April 2018 contained levels of chlorinated organic compounds which were so low that it would be unreasonable to claim with any confidence that a chlorine gas attack had occurred at all. The whistleblower writes in the leaked email to the OPCW cabinet chief that the levels “were, in most cases, present only in parts per billion range, as low as 1–2 ppb, which is essentially trace quantities.”

As we discussed previously, early skeptics of the establishment Douma narrative highlighted the bizarre fact that when the OPCW published its Interim Report in July of last year its report contained no information about the levels at which the chlorinated organic chemicals occurred. Chlorinated organic chemicals occur at trace levels in any industrialized area, so they are only indicative of a chlorine gas attack when samples test at high levels. The email said they didn’t. The OPCW omitted this in both its Interim and Final Reports. The whistleblower told journalist Jonathan Steele that the levels found “were comparable to and even lower than those given in the World Health Organisation’s guidelines on recommended permitted levels of trichlorophenol and other COCs in drinking water.”

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You go George.

A Tale of Prince Andrew and Julian Assange (George Galloway)

The grand old Duke of York sleeps tonight on a feather pillow in a royal palace. Julian Assange, the publisher of the century sleeps in the hell of Belmarsh Prison, Britain’s own Guantanamo Bay. The Duke of York lied about the length duration and nature of his relationship with the presumed deceased child-sex trafficker Jeffrey Epstein. Julian Assange told the truth about the high crimes and misdemeanours of the rich and powerful during times of war and peace. The FBI need to speak to the Queen’s favorite son, but no power on earth will be deployed to make him testify about what he might have seen, or even have participated in, at the townhouse in Manhattan, a Sodom and Gomorrah of our times.

The same US Justice system has caused the cruel incarceration of Assange and his Kafkaesque entrapment in an extradition saga which may last for years – if he doesn’t die before it is over as no less than 60 doctors have recently warned he may well do. The US-UK extradition arrangements may be the most unequal treaty ever concluded by Her Majesty’s ministers. In this case the former Blair government Home Secretary David Blunkett, a blind man who could, nonetheless, see exactly what he was doing. In essence extradition from Britain to the US became virtually on request without the slightest need to show just cause. But not vice versa. It would be easier to pull a camel through the eye of a needle than for Britain to extradite a US citizen to face justice in the UK.

I was a member of the British Parliament at the time this treaty was signed. Not that this mattered a jot or tittle. The Treaty was signed during the Summer Recess when no Parliament was sitting and through the exercise of the Royal Prerogative. Only when it was already in operation was I even able to oppose the extradition of its first victims – alleged City of London financial fraudsters, as well as a fitted-up “terrorist” London man Babar Ahmad. Under the old extradition rules neither case could have satisfied the previous requirement to produce prima facia evidence sufficient to persuade a British judge. Under the new Treaty it was easy peasy lemon squeezy. And off they went.

Prince Andrew will face no such ordeal albeit now banished from Royal Circles and effectively reduced to the ranks, his epaulettes ripped off his glittering array of obscure medals turned to scrap metal on his tunic. Although accused of sexual abuse of a teenager and with an admitted close relationship to the alleged procurer of underage female victims, Ghislaine Maxwell, in whose London home it is alleged one of the sexual encounters took place – the US will never require the Prince to give evidence and the UK will never offer him up. Assange, who was falsely accused of rape, has spent virtually the last decade locked up in one form or other of incarceration. And faces up to 175 years of prison time, if successfully extradited.

It is a tale of two cities – Buckingham Palace and Belmarsh Maximum Security Prison. A tale of two individuals – one now a proven liar and one a well attested truth-teller. A tale of two fates. The Prince who became a moral pauper, the other an impecunious journalist who became a moral giant. It is a tale of our times.

Read more …

 

 

 

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