Jul 072024
 


Roy Lichtenstein Hopeless 1963

 

Biden Says He’s ‘Running The World’ (RT)
America Doesn’t Have A President – Musk (RT)
‘Doing My Goodest Job’ To Beat Trump (ZH)
US Mainstream Media Await New Orders Now Big Lie About Biden is Rumbled (DS)
Parkinson’s Specialist Visited White House At Least 9 Times The Past Year (ZH)
Democratic Donors Urge Biden To Step Aside – WaPo (RT)
Western Elites Lose Grip on Power Amid Political Crisis in US, France (Sp.)
The West’s Mask Of Morality Burns To Dust (Carman)
The Grim Reaper: Biden Declares Two Justices Will Be Gone in Four Years (Turley)
“Think About it Very Carefully”: Author Don Winslow to Sen. Mark Warner (Turley)
War Has Become NATO’s Agenda – Orban (RT)
New British PM Assures Ukraine Of ‘Unshakable’ Support (RT)
Foreign Mercs in Ukraine Bragged About Murdering Russian PoWs (Sp.)

 

 

 

 

Biden ABC


https://twitter.com/i/status/1809384149465116695

 

 

RoganDuckDuckGo

 

 

 

 

“Biden insisted “no one” had told him he actually needed to undergo one.”

Biden Says He’s ‘Running The World’ (RT)

US President Joe Biden says he has been “running the world” and therefore does not actually need any cognitive tests to prove his fitness for office. The president made the remarks in an interview with ABC News on Friday, when the 81-year-old was repeatedly pressed by George Stephanopoulos about the growing concerns surrounding his mental and physical condition. Asked whether he has “had a full neurological and cognitive evaluation,” Biden provided a rather incoherent response. “I’ve had – I get a full neurological test everyday with me. And I’ve had a full physical. I had, you know, I mean, I – I’ve been at Walter Reed [national military medical center] for my physicals. I mean – uhm yes, the answer,” he stated. Pressed further whether he has actually had “specific cognitive tests” and an examination by a trained neurologist, rather than a broader practice doctor, Biden insisted “no one” had told him he actually needed to undergo one.

The president dodged the question on whether he would willingly pass such a test and release its results to the public, insisting his work alone proves he is fit enough for office. “Look. I have a cognitive test every single day. Every day I have that test. Everything I do. You know, not only am I campaigning, but I’m running the world. Not – and that’s not hi -sounds like hyperbole, but we are the essential nation of the world,” he asserted. During the interview, the president also blamed his subpar performance during last week’s debate against Donald Trump on suffering from a “bad cold,” dismissing it as a “bad episode” rather than part of a bigger problem.

The debate debacle has reinvigorated long-running concerns over Biden’s advanced age, as well as declining health. On Friday, a group of 168 high-profile Democratic Party supporters, including major donors and academics, sent a letter to the US president, urging him to drop out of the race, the Washington Post reported, citing anonymous sources. The signees have “respectfully” called on Biden to do so, arguing the move was needed “for the sake of our democracy and the future of our nation,” according to the report. However, Biden has repeatedly pledged to continue pursuing reelection, dismissing any prospects of dropping out amid the mounting criticism of the past few days.

Read more …

“Does America need a president?”

America Doesn’t Have A President – Musk (RT)

The US does not have an actual president and has not had one “for a while,” Tesla and SpaceX founder Elon Musk has suggested. Musk took to his X (formerly Twitter) social media network to dip into the ongoing political debacle in the aftermath of the debates between US President Joe Biden and former leader Donald Trump. He reposted a message by another user, with a screenshot of an opinion piece run by the New York Times, titled “Does America need a president?” “Real question … since we obviously haven’t had one for a while lmao,” Musk wrote.

The piece itself, penned by social conservative columnist Ross Douthat, polemizes with other authors on the role of the president in American society, on whether a dysfunctional president can be fully substituted by others in the executive branch, the impact such a ‘leader’ has on decision-making and accountability, and other topics. Douthat himself has been arguing long before the disastrous debate that Biden “needs to be replaced because it would be incredibly dangerous to have a senescent president in the White House for the next four years – and not just because Democrats fear he might lose to Trump in November.”

Read more …

“We’re gonna protect our children from getting weapons of war off our streets!”

‘Doing My Goodest Job’ To Beat Trump (ZH)

On the heels of his flub-filled Fourth of July, President Biden’s Friday appearances did nothing to reverse his slow march to a seemingly inevitable exit from the 2024 presidential campaign. The day brought more head-scratching misstatements and garbled lines on the campaign trail, along with a much-anticipated primetime ABC interview that prominent Democrats called “sad” and “chilling.” Perhaps most significantly of all, however, more Democratic legislators called for Biden to leave the race — and Virginia Sen. Mark Warner is reportedly organizing a meeting with his peers with a goal of building a united plea for Biden to quit. According to anonymous sources cited by the Washington Post, Warner and allies are weighing various means of intervening, including a meeting at the White House with Biden. While the count of House Democrats who’ve urged Biden to quit climbed to four on Friday — as Illinois Rep. Mike Quiqley made his feelings known on MSNBC — no sitting senators have yet crossed that line. However, per the Washington Post:

“There’s a growing consensus among Senate Democrats that the situation with Biden at the top of the ticket is untenable, and senators are trying to determine the best way to relay that message to an insulated president. Some senators don’t think Biden has people around him who are giving him an accurate picture of the fallout.” Tellingly, a Warner spokeswoman refused to confirm or deny the reports about his machinations, instead saying, “Like many other people in Washington and across the country, Senator Warner believes these are critical days for the president’s campaign, and he has made that clear to the White House.” While Warner — the chair of the Senate intelligence committee — maneuvered on Capitol Hill, Biden spent the day in the battleground state of Wisconsin, which he officially won in the last election by only 20,682 votes. At a rally at a middle school gymnasium in Madison, Biden added to his ever-growing stack of gaffes, confidently predicting he’d beat Donald Trump “again in 2020”:

Proving again that not even a teleprompter can assure Biden’s reasonably error-free delivery of a speech, he also said, “We’re gonna protect our children from getting weapons of war off our streets!” Friday’s main event was Biden’s sit-down interview with ABC’s George Stephanopoulos. Though it was pre-recorded after his middle-school-gym rally before airing in a primetime special, ABC said it showed the entire interview without edits. As we’d predicted, Stephanopoulos, who’s demonstrated all the worst tendencies of big-media leftists, played this interview relatively straight. He challenged Biden’s previous attempt to blame his debate performance on jet lag from travel that ended a dozen days before the event. He confronted Biden with pointed quotes from a New York Times report, where sources claimed his mental lapses have become more frequent. He also asked pointed follow-up questions when Biden was evasive.

At one point, however, Stephanopoulos sounded like an empathetic family member gently confronting an elderly person with the hard truth about their condition, telling Biden: “I’ve heard from dozens of your supporters over the last few days…They love you, and they will be forever grateful to you for defeating Donald Trump in 2020. They think you’ve done a great job as president, a lot of the successes you outlined. But they are worried about you and the country. And they don’t think you can win. They want you to go with grace, and they will cheer you if you do.” One of Biden’s worst moments of the interview came in response to what may have been the simplest question. Asked if he’d watched the debate afterwards, Biden said, “I don’t think I did, no.” Stephanopoulos’s follow-up question about when Biden realized the debate wasn’t going well triggered a particularly incoherent reply:

“The whole way I prepared, nobody’s fault mine. Nobody’s fault, mine. I, uh, prepared what I usually would do, sitting down as I did, come back with foreign leaders or National Security Council for explicit detail. And I realized about partway through that, you know, I quoted The New York Times had me down 10 points before the debate, 9 now or whatever the hell it is. The fact of the matter is that what I looked at is that he also lied 28 times. I couldn’t, I mean, the way the debate ran, not — my fault, no one else’s fault — no one else’s fault.”

Read more …

“The donors did not like seeing their investment go down the drain. Many wanted their money back..”

US Mainstream Media Await New Orders Now Big Lie About Biden is Rumbled (DS)

[..] since 2020 the MSM have been carrying more water for Biden than the Ganges in monsoon season. Biden’s deterioration has been evident for some years and it became an issue in the 2020 election. Brit Hume, one of journalism’s grey eminences, posed that Biden was senile based on his manner, behaviour and actions. MSM “fact-checkers” protected the precious candidate. But Biden and his handlers took notice that they had been rumbled and used the excuse of Covid from early 2020 on to hide Biden away campaigning from his basement. MSM ignored his concerning demeanor completely and supported him for President in words that would have embarrassed George Washington. After a most unusual election came a most unusual Presidency, where the hiding away of the most powerful man in the world continued. Appearances were controlled, press conferences limited and interviews permitted only in controlled scripted environments such as with celebrities or on late night talk shows.

Biden’s deteriorating physical condition, as well as his mental decline, were covered up by his handlers in a number of ways. This year, two events began to poke serious holes in the view that Biden is just old. Last year a Special Counsel, Robert Hur, was appointed to conduct an investigation into the finding of classified documents at Biden’s residences. He reported his findings in January. The report was not kind to Biden to say the least. He stated that Biden should not be prosecuted for the documents because a jury would not find him guilty as they would be sympathetic to the fact he was a “well-meaning, elderly man with a poor memory”. NBC News dutifully provided covering fire for this by rolling out Democrat operatives to trash both Hur and the report. Then there were the recent international events such as D-Day and the G7 meetings, where Biden was caught on camera spacing out and wandering off.

The videos were shown on Fox News and went viral. The Associated Press stepped up for the covering fire and called them “cheap fakes”, following on from the White House reaction. A bemused Fox News said the videos “have not been cropped, they have not been sped up or slowed down or edited in any way”. And then came the debate. Biden had slipped in the polls against Trump due to the response from voters to seeing a candidate pursue the Kafka-esque strategy of putting an opponent on trial. And so Biden and his handlers came up with a cunning plan – to challenge Trump to a debate in an environment they believed they could control. They set the rules, selected the moderators (CNN, who had earlier supplied the questions in advance to Hillary Clinton in a 2016 debate), had no audience that would cause Biden to lose focus, and banned any cross-talk to limit Trump’s quick repartee.

Biden spent seven days at Camp David prepping for the debate as if there was nothing else going on that required his attention. It was a brilliant strategy and only one thing could ruin it – the senility of the candidate. It did. The reaction was immediate from folks believing in Biden. Democrats and Never-Trumpers were gob-smacked. But it is fascinating how their surprise was akin to reading the last few pages of an Agatha Christie novel. Massive surprise at the unveiling of the murderer is followed by an “oh yeah” as folks think back on the clues that were there all along. These reactions showed up in polls taken over the last few days. A CBS News poll two days after the debate showed 72% of folks now believe Biden’s cognitive issues prohibit him from being President, and this includes 42% of Democrat voters.

The immediate reactions of the MSM were different. At 10:30 that night the panicked howls of the MSNBC political pundits and “experts” mourned the death of their favoured campaign, while CNN threw ashes on the coffin. The New York Times suffered a dark night of the soul, and as the dawn broke published an editorial claiming Biden should step down. These are the guys who in March this year were taking a victory lap comparing Biden to Beethoven, Wagner and Martin Scorsese after Biden angrily shouted his way through a teleprompter speech to Congress.

The assorted Democrat Party apparatchiks and elected representatives were even more on fire. The donors did not like seeing their investment go down the drain. Many wanted their money back. Incumbent Democrats facing election in November were all over the place, with the mood varying from total support to calls to step down. In a Presidential election year Biden is at the top of the ticket and so has the capability of dragging these guys over the finish line, as party regulars tend to vote the entire line. Or not, as the case may be. The White House gamely tried damage control, saying Biden was ill with a cold or suffering from jet lag after two back-to-back trips to Europe two weeks before the debate. The usually obedient White House Press Corps did not buy it. No word as yet from White House doctor Dr. Kevin O’Connor, who gave Biden his annual physical this year and claimed he was “fit for duty“.

Read more …

“He is part of the Biden family..”

Parkinson’s Specialist Visited White House At Least 9 Times The Past Year (ZH)

A Parkinson’s disease specialist from Walter Reed Medical Center visited the White House at least nine times in the past year, according to journalist Alex Berenson of Unreported Truths, while the NY Post has reported that a cardiologist was present during one of the visits. Dr. Kevin R Cannard traveled to the White House’s medical clinic each time, meeting with either President Joe Biden’s personal physician Dr. Kevin O’Connor, or a naval nurse who coordinates care for the president and other senior officials. O’Connor notably gave Biden a clean bill of health after his February annual physical. The visits spanned July 28, 2023 with the latest being March 28 of this year. That said, Berenson notes that the most recent logs are from April 1, so it’s unknown if Cannard has visited more recently.

According to Cannard’s physician profile page, he is a “neurologist and movement disorders specialist at Walter Reed National Military Medical Center” who specializes in treatments for “early Parkinson’s disease.” Since 2012, he has served as the “neurology specialist supporting the White House Medical Unit,” per his LinkedIn page. His most recent paper was published in August 2023 in the journal Parkinsonism & Related Disorders, and focuses on the “early-stage” of the crippling disease. Since Biden’s health is O’Connor’s primary responsibility, it is highly probable the meeting was about the commander in chief, according to Rep. Ronny Jackson (R-Tx), the doctor for both Presidents Obama and Trump. “It’s highly likely they were talking about Biden,” Jackson told The Post. -NY Post. “He should only be [regularly] treating the president and the first family,” Jackson continued.

Walter Reed cardiologist Dr. John. E. Atwood was also present during a Jan. 17 meeting, the NY Post reports. According to Jackson, who has never treated Biden, O’Connor and Biden’s family are trying to “cover up” Biden’s declining cognitive health. Ya think? “I believe he and Jill Biden have led the cover up. Kevin O’Connor is like a son to Jill Biden — she loves him. It’s crazy. Kevin O’Connor was in that job on day one of the Biden administration because they knew they could trust Kevin to say and do anything that needed to be said or done and cover up whatever needed to be covered up. He is part of the Biden family,” said Jackson, who has warned about Biden’s cognitive decline for years.

Read more …

“A group of 168 Democratic Party supporters..”

Democratic Donors Urge Biden To Step Aside – WaPo (RT)

A group of 168 Democratic Party supporters, including major donors and academics, sent a letter to US President Joe Biden on Friday, urging him to drop his bid for reelection, the Washington Post has reported, citing anonymous sources. Over the past week, several other media outlets have claimed that pressure on Biden is mounting from within the party, but the incumbent is digging in his heels. Doubts over whether the 81-year-old is mentally and physically capable of leading the country for another four years have grown since his halting performance in a televised debate against Republican rival Donald Trump last week. Biden appeared frail and confused throughout the encounter – something he and his campaign have put down to a cold and travel-related fatigue. In its article on Friday, the Post quoted the letter as “respectfully” calling on Biden to “withdraw from being a candidate for reelection for the sake of our democracy and the future of our nation.”

The plea cited “threats posed by a second term of Donald Trump” and advised Biden to “cement your legacy by passing the torch – just as George Washington did.” According to the paper, the 168 signatories include Christy Walton, the billionaire daughter-in-law of Walmart’s founder, as well as billionaire investor Mike Novogratz and Harvard Law School professor Lawrence Lessig, among many other top-level business executives and academics. Speaking to the New York Times on Wednesday, Netflix co-founder Reed Hastings argued that “Biden needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous.” The article noted that while Hastings was one of the first major Democratic donors to publicly vent his frustration, many of his peers are privately expressing similar concerns.

On the same day, another major Democratic Party donor, Charles Myers, the chair of Signum Global Advisors, told Bloomberg Surveillance that Biden has “four to five days” to prove he is fit to continue the race for reelection. The president has, however, brushed off all suggestions he should step aside. “Let me say this as clearly as I possibly can, as simply and straightforward as I can: I am running… no one’s pushing me out. I’m not leaving,” the politician insisted during a call with campaign staffers on Wednesday.

Read more …

“So already you have people concerned about Trump, but at least Trump is a known quantity,” he added. “But now, well, what’s going to happen now?”

Western Elites Lose Grip on Power Amid Political Crisis in US, France (Sp.)

US President Joe Biden is considering dropping out of the 2024 US presidential race after last week’s disastrous debate performance, according to reporting from The New York Times. The news emerged early Monday after the president was said to be in discussions with members of his family over the weekend on whether to continue his candidacy amid widespread concern over his age. Last week’s televised debate with former President Donald Trump, where Biden frequently appeared to have trouble finishing thoughts and responding to questions, stoked public anxiety among many Democratic Party officials. Opinion surveys since Thursday night’s event appear to show the octogenarian head of state falling further behind in the polls. The renewed panic comes as observers in France are urging a center-left alliance ahead of elections this weekend to deny Marine Le Pen’s party a parliamentary majority.

Observers fear the controversial figure could prevail in the second round of voting Sunday, ushering in the country’s first right-wing government since World War II. Both incidents are drawing concern internationally as establishment political forces struggle to fend off increasingly potent challenges to their power, according to Dr. George Szamuely, a senior research fellow at London’s Global Policy Institute. The author joined Sputnik’s The Final Countdown program Wednesday to offer analysis on the twin developments and their implications for Western countries. “This makes the United States look weak because if Biden does step aside and they say ‘I’m not physically and mentally competent to run,’ then the next question will be, ‘well, are you physically and mentally competent to remain president?’” said Szamuely. “It’s going to be very hard for Biden to say, ‘yes, I can still function for another six months as president while there are two serious wars taking place in which America is actively involved. I think there will immediately be calls for Biden to resign forthwith and the result will be great anxiety.”

“So already you have people concerned about Trump, but at least Trump is a known quantity,” he added. “But now, well, what’s going to happen now? I mean, what happens during the next six months? What happens at the convention? Everything is up in the air. So internationally there’s just a great deal of concern of an America in turmoil.” “Yeah, it feels like a bit like a free fall for sure,” agreed host Angie Wong. European leaders are said to be worried over the potential of a second Trump term amid concerns the former president would pull the United States out of the NATO military alliance. The European Union has investigated ways to ensure continued funding for Ukraine’s proxy war against Russia in the event the former president ends US support for the conflict upon returning to the White House.

But Europe’s political establishment is also losing its grip on power as support surges for right-wing populist parties throughout the continent. Marine Le Pen’s National Rally party won the most support in the first round of recent French parliamentary elections, leading President Emmanuel Macron to seek alliances to prevent her triumph in the second round. Although Jean-Luc Mélenchon’s coalition bested Macron’s centrist party in the first round of voting, the French president is unlikely to include the leftwing in figure in any coalition, said Szamuely, noting that ”Macron seems to really hate him.” The analyst suggested the French leader would seek more moderate allies, forming a center-left alliance of establishment political figures to deny Le Pen power.

Read more …

“..empires pass through seven stages, and right now the West is in the stage of decline and collapse in which “the heroes are always the same—the athlete, the singer, or the actor.” Sound familiar?”

The West’s Mask Of Morality Burns To Dust (Carman)

“Knowledgeable people know that Frankenstein is not the monster, but only wise people see that Frankenstein is the monster.” This quote has been resonating recently when considering the monstrous atrocities occurring on the world stage. Knowledgeable people know now, thanks to eyewitness accounts and global communications, that what is happening in Gaza to civilians is monstrous, in spite of the media spin, but only critical thinkers are willing to go deeper and see that the governments purporting to fight “the monster,” that is, Hamas, are at least partially culpable for creating it and, at worst, the monster themselves. It’s still absolutely wild how quickly the West went from arming Nazis in Ukraine to supporting actual genocide, all the while domestically making issues about the dangers of the far right, inclusion, kindness, and right think.

Words are violence after all, according to AOC, just perhaps a tad less violent than air strikes, but who’s measuring? Western support should be of no surprise considering the death toll in the Middle East over the past several decades in the name of freeing the people from evil tyrants. Of course, it’s easy to overlook that 90% of US drone strikes killed civilians, but we’ve been indoctrinated to have a short memory and rewrite history. Luckily, we get a “masterclass” in painting from old favourite George W. Bush as a gift for our collective amnesia and ability to allow a relentless PR machine to dictate and reformulate our opinions. Of course history would remind us of Agent Orange, the Tuskegee experiments, and other immoral atrocities waged against humans, but there’s something even more flamboyant and bombastic about the West’s current posturing, like they’re no longer hiding the psychopathy from their citizens, with the mainstream media becoming more desperate and less impactful in maintaining these nonsense narratives.

Has the West always been narcissistically playing the good guy, or has it become more depraved over time? While we can look back over history to the banking cartels and war profiteers to see that evil has always lurked within, it must be acknowledged that during the earlier stages of empire, there was a stronger commitment from institutions, some members of government, and active citizens to uphold the values of the ideology. As Glubb asserts, empires pass through seven stages, and right now the West is in the stage of decline and collapse in which “the heroes are always the same—the athlete, the singer, or the actor.” Sound familiar? It’s therefore fair to assume, based on empirical evidence even amassed within our lifetimes, that the Western leadership and its institutions themselves have become even more overtly and intensely morally corrupt over time. It could be argued that there was moral justification for fighting the Nazis in World War II as well as economic and geopolitical aims.

It could also be argued to a lesser extent that the proxy wars fought against the backdrop of the Cold War had legitimacy considering the Western paranoia of the USSR and communist ideals of permanent revolution. It begins to get much harder to justify the more recent wars in the Middle East, but a US public shellshocked by 911 was willingly compliant, with antiwar voices ignored and drowned out by its European allies. However, the military industrial complex is increasingly clutching at straws despite the most intense propaganda scheme deployed since COVID, evoking ignorant but well-meaning support to arm Ukraine and prolong the death toll. The struggling public of the collapsing West has grown weary of taxes used to fund the war machine, and now, with Gaza, it is becoming increasingly apparent that the stories fed to us about freedom and democracy are nothing more than comforting fairytales to justify state sanctioned mass murder.

The weak rationalisations for the current genocide occurring are becoming more and more pitiful as the death toll of innocents surpasses the 10,000s and World War III looms on the horizon, promising many millions more. Yet the tired legacy media still attempts to twist the narrative, making traumatised Palestinians pulled from the rubble condemn Hamas before they are allowed a voice. Are Israeli citizens expected to condemn their government, which, to date, has been far more murderous before being platformed? The whitewashing of history, just as occurred with Ukraine, to downplay the neo-Nazi threat and murder of 14,000 civilians in the Donbass since the US-backed coup in 2014 is in full swing again. Hamas are the personification of evil and attacked Israel completely unprovoked, purely because they are evil. This smear is from the Putin playbook, Hussein before him, and frankly any leader that’s impending the savagery and theft of Western colonialism. It’s so infantile that it’s embarrassing.

Read more …

“>.the next president “is going to appoint at least two new appointees.”

The Grim Reaper: Biden Declares Two Justices Will Be Gone in Four Years (Turley)

One of the least discussed aspects of the interview with President Joe Biden last night was his declaration that two of the nine justices are not long for the Court. The question is which two are facing retirement or the reaper. In arguing for his remaining as the nominee despite record low polling, the President told ABC’s George Stephanopoulos with certainty that the next president “is going to appoint at least two new appointees.” That must be uneasy news for the relatively small court that almost of a third will soon pass . . . one way or another. Liberals have been pushing Sonia Sotomayor to retire, but she has clearly rejected those calls. On CNN, journalist Josh Barro bluntly wondered why Sotomayor remains on the bench when younger jurists could be brought on to guarantee a liberal vote for years to come. He indicated that many liberals are frustrated with her for not stepping down: “I find it a little bit surprising, given what Justice Sotomayor describes there about the stakes of what is happening before the Supreme Court, that she’s not retired. She’s 69 years old, she’s been on the court for 15 years.”

At 70, Sotomayor shows no signs of mental decline. She has been a highly effective justice, stepping into the vacuum created by the death in 2020 of Justice Ruth Bader Ginsburg. Of course, few ever questioned the “Notorious RBG” in her decision to stay on the Court, despite her much older age and longer tenure. While some of us noted that Ginsburg was taking a huge risk in not allowing then-President Barack Obama to pick a successor, she remained on the Court in spite of medical problems and ultimately was replaced by Justice Amy Coney Barrett. Ginsburg, however, was almost 20 years older than Sotomayor. There is no concern for deterioration or death on the bench in Sotomayor’s case. It is simply a matter of swapping out justices like light bulbs before they burn out.

All of the justices are younger than Ginsburg when she passed (and considerably younger than President Biden who is running for a second four-year term).
Justice Thomas, 76.
Justice Alito, 74.
Justice Sotomayor, 70.
Chief Justice Roberts, 69.
Justice Kagan, 64.
Justice Kavanaugh, 59.
Justice Gorsuch, 56.
Justice Jackson, 53.
Justice Barrett, 52.

Justice Clarence Thomas is the oldest, but has not indicated that he is ready to retire. He would likely want to wait for a Republican president. If history is a measure, he has time. Oliver Wendell Holmes retired at 90. A recent analysis of the court’s projected composition suggested the next time the majority of justices will be appointed by a Democrat is likely to be around 2065. I did not find that analysis particularly compelling. However, I also fail to see how Biden can be certain that 2 of the 9 justices will die or retire. After all, even Thomas is six years younger than Biden. If he is predicting the death or retirement of Thomas within four years, he would presumably predict his own passing or retirement years ago. Running on the pledge to replace two departing justices could prove awkward if the justices are reluctant to be replaced or dispatched.

Read more …

“The real issue for Democrats is how to address this looming issue without tearing the party apart..”

“Think About it Very Carefully”: Author Don Winslow to Sen. Mark Warner (Turley)

Last night, President Joe Biden refused to take a cognitive or neurological test despite widespread concerns over his physical and mental decline. ABC’s George Stephanopoulos pressed the President on his low polling and efforts of Democrats to get him to drop out of the race. He specifically mentioned the effort of Sen. Mark Warner (D., Va.) to organize members to pressure him to end his campaign. Biden took a not-so-subtle dig at Warner. However, it was nothing compared to a curious posting by author and Democratic activist Don Winslow, who appeared to threaten Warner on X (formerly Twitter). When the story broke in the Washington Post, Winslow posted a curious and ominous response:

It is not clear what Winslow meant by Warner knowing what he was talking about when asking if he was “sure you want to go down this road?” The message has caused a bit of a stir on the Hill. For the denizens of the Beltway, it sounds extortive and threatening. The suggestion is that Winslow has something on Warner. While some have asked whether this could be viewed as a threat criminally, it is clearly not sufficient for a charge. Warner is a public figure and this comment could just be a reference to political backlash or the lack of an alternative. His asking Warner “Are you sure you want to go down this road?” could be a reference to the political implications of the resulting chaos, including making Kamala Harris the presidential candidate. Harris is even less popular than Biden according to some polls.

While some polls show her doing slightly better than Biden against Trump, other polling shows that she would do considerably worse. However, it is the follow up of “Think about it very carefully” that has got tongues wagging in D.C. Whatever the intended meaning, the posting shows the depth of the division on the issue. Those divisions are only likely to deepen further after the refusal to take a test to put these concerns to rest. Notably, Biden has insisted that the public can simply observe him. However, that position stands in contradiction to the frivolous privilege claims made by the Administration to withhold the audiotape from the interview with Special Counsel Robert Hur. That was an interview that the President was prepared for in advance and held in ideal conditions with staff.

It is an opportunity for the public to hear him under questioning to reach the very conclusions that Biden suggested in the interview. As for Winslow’s posting, it may just be an incautious, poorly worded message rather than extortion or blackmail. We have all made postings that we regretted. The real issue for Democrats is how to address this looming issue without tearing the party apart. I have tried to drill down on the legal implications of swapping out the top of the ticket or the entire ticket. It is uncharted territory when it comes to the federal election laws on the use of past contributions as well as some states with restrictive rules on ballot changes.

Read more …

“According to Orban’s Friday op-ed, unless NATO changes tack now, “it will be committing suicide.”

War Has Become NATO’s Agenda – Orban (RT)

NATO has effectively made warmongering its raison d’être by jettisoning its original “peaceful” and “defensive” nature, Hungarian Prime Minister Viktor Orban has claimed. Hungary’s leader, a vocal critic of Western involvement in the Ukraine conflict, has repeatedly warned that ever more escalatory steps by the US-led military bloc could eventually lead to a direct military confrontation with Russia, yielding catastrophic consequences. On Friday, Orban paid a surprise visit to Moscow, where he met with Russian President Vladimir Putin. The Hungarian prime minister’s office clarified that he was on a “peacekeeping mission.” The discussion between the two leaders centered on potential ways to peacefully resolve the Ukraine conflict. Wrapping up the talks, Orban acknowledged that Moscow’s and Kiev’s positions remain very “far apart.” He added, however, that “we’ve already taken the most important step – establishing contact,” vowing to continue the effort.

Earlier, on Tuesday, the Hungarian prime minister had arrived in Kiev, where he sat down with Vladimir Zelensky. Orban advocated for an immediate ceasefire and negotiations. On the same day as his trip to Moscow, an op-ed penned by Orban was published in Newsweek which addressed the latest tendencies involving NATO, of which Hungary has been a member since 1999. In it, the Hungarian prime minister stressed Budapest’s active participation in multiple NATO operations and initiatives over the years, as well as its compliance with the bloc’s 2% defense spending target. Orban noted that the NATO his country joined 25 years ago was a “peace project” and a “military alliance for defense.” However, “today, instead of peace, the agenda is the pursuit of war; instead of defense, it is offense,” Orban lamented.

The prime minister stated that “ever more voices within NATO are making the case for the necessity—or even inevitability—of military confrontation with the world’s other geopolitical power centers.” He warned that this attitude “functions like a self-fulfilling prophecy.” He noted that several member states have recently entertained the possibility of launching a NATO operation in Ukraine. In late February, French President Emmanuel Macron said he did not rule out the deployment of French troops to Ukraine. Even though his suggestion quickly drew criticism from Germany and other members, the French head of state has since doubled down on the controversial idea on multiple occasions. In May, Estonia and neighboring Lithuania signaled their readiness to send troops to Ukraine for logistical and other non-combat missions. According to Orban’s Friday op-ed, unless NATO changes tack now, “it will be committing suicide.”

Read more …

“One of Keir Starmer’s first phone calls after taking charge of the UK government was with Vladimir Zelensky..”

New British PM Assures Ukraine Of ‘Unshakable’ Support (RT)

London’s support for Kiev during the conflict with Moscow will remain at the same level under his leadership, the new Prime Minister of Britain Keir Starmer has told Vladimir Zelensky. Starmer replaced Rishi Sunak as the head of the UK government on Friday after the Labour Party he leads claimed a landslide victory in a general election, securing at least 412 of the 650 seats in parliament. One of his first phone calls in the new role was with Zelensky. The Ukrainian leader wrote on X (formerly Twitter) on Friday that during their conversation he congratulated Starmer on becoming prime minister and “wished him success in fulfilling the British people’s expectations of the new government.” “I am grateful to Prime Minister Starmer for reaffirming the UK’s principled and unwavering support for Ukraine,” he said.

According to Zelensky, he and the British premier had “coordinated positions” ahead of the NATO Summit in Washington on July 9-11 and discussed ways to further strengthen the “partnership” between Kiev and London. Starmer later shared Zelensky’s post on his page, claiming that “Ukraine’s ongoing fight against Russian aggression matters to all of us.” “The UK’s support [for Kiev] remains unshakable,” the PM wrote, adding that he is looking forward to meeting Zelensky in person. Britain has been one of the biggest backers of Ukraine during the conflict with Russia, pledging £12.5 billion (around $16 billion) in support for Kiev, including £7.6 billion (around $9.7 billion) in military aid, since February 2022.

Starmer becomes the UK’s fourth prime minister during this period, after Conservatives Boris Johnson, who resigned in September 2022, Liz Truss, who set a record by stepping down on her 15th day in office, and Sunak, who headed the government until Friday. However, London’s commitment to Kiev remained unchanged despite the changes at the helm. Earlier this year, Russia’s foreign minister Sergey Lavrov said that the role played by Britain during the conflict in Ukraine was “even more aggressive, more elaborate in its provocative assertiveness than of any other participant, including even the US.”

In May, London’s ambassador in Moscow, Nigel Casey, was summoned to the foreign ministry following remarks by the UK Foreign Secretary David Cameron that Ukraine has the “right” to use UK-provided weaponry to strike targets deep inside Russia, if it decides to do so. Casey was warned that “British military facilities and equipment on the territory of Ukraine and beyond” could be targeted if such attacks do happen. Moscow has repeatedly warned that deliveries of weapons and ammunition to Kiev by the US, UK and their allies will not prevent Russia from achieving its military goals, but will merely prolong the fighting and increase the risk of a direct confrontation between Russia and NATO. According to Russian officials, the provision of arms, sharing of intelligence, and training of Ukrainian troops effectively means that Western nations have become de-facto parties to the conflict.

Read more …

“..the so-called “Chosen company.”

Foreign Mercs in Ukraine Bragged About Murdering Russian PoWs (Sp.)

A US media outlet’s report has claimed to shed light on atrocities committed by foreign hirelings dubbed by the West as so-called “volunteer soldiers” fighting in the proxy war in Ukraine. Foreign mercenaries fighting on the side of the Kiev regime reveled in executing Russian prisoners, the New York Times has reported. The atrocious killings are believed to have been carried out by members of the so-called “Chosen company.” One incident in August 2023 was described to the outlet by a witness, the unit’s medic, a German called Caspar Grosse. Grosse explained that a wounded and unarmed Russian soldier seeking medical help from his foreign captors was shot in cold blood. First one mercenary shot the Russian in the torso, and then, as he slumped still breathing, another soldier “just shot him in the head,” Grosse recalled. According to several accounts, video footage and text messages exchanged by members of the unit and reviewed by the outlet, such “unwarranted killings” continued.

In another episode, a Chosen company fighter “threw a grenade at a surrendering Russian soldier who had raised his hands, killing him,” the outlet stated, referencing reviewed drone footage. It was added that the Ukrainian military published a video of this episode, but edited out the surrender moment. Militants from the company of foreign hirelings and thrill-seekers reportedly talked freely about the murders of prisoners of war in group chats. In a third episode, revealed by such messages, a soldier in command in October 2023 told the fighters he would take personal responsibility if “anything comes out” about the killings. At the center of all these three incidents was reportedly a Greek mercenary with the callsign Zeus. He shot a wounded Russian in the trench, tossed the grenade at a prisoner, and bragged “a thousand times” about killing the surrendering Russian, claimed Grosse.

Benjamin Reed, a former American member of the unit, claimed that he “heard, to such a large degree, innumerable conversations, about the executions of PoWs on various operations.” Furthermore, the unit’s recruiter told him that it “was OK to kill PoWs if they didn’t surrender in the strictest Geneva Convention standards.” Reed posted a video on TikTok, calling his former comrades “kill-crazy cowboys, nothing more.”In interviews, Grosse is said to have recounted details that other Chosen members corroborated. Ryan O’Leary, the American who claims to be the de facto commander of Chosen company, denied to the outlet that his fighters had committed war crimes. However, after being contacted by The Times, O’Leary reportedly vowed in a group chat to “cast a wide net” to “snare the rabbit” who had been speaking to journalists. Any footage showing the killing of a surrendering soldier should have triggered an investigation in the US, underscored the publication.

Read more …

 

 

 

 


When life gets you down and you feel unloved and worthless, just remember you’ll be dead one day. Have a great weekend.

 

 

Pet machine
https://twitter.com/i/status/1809504559963816060

 

 

Cattle swim

 

 

 

 

 

 

Support the Automatic Earth in wartime with Paypal, Bitcoin and Patreon.

 

 

 

 

 

Nov 062020
 


W. Eugene Smith Orson Welles 1942

 

Death by Lockdown (AIER)
China: Life After COVID Is Back To Normal (marc)
Vladimir Putin ‘Will Quit In January Amid Fears of Parkinson’s Disease’ (DM)
Which is the Real “Working Class Party” Now? (Taibbi)
President Trump Delivers Remarks About The Election From White House
Trump Gets ‘Big Legal Win In Pennsylvania,’ Setback In Michigan, Georgia (RT)
Dems Melt Down On Conference Call Over Losing House Seats (RT)
EHRC Antisemitism Report Added Fire To Labour’s Simmering Civil War (Cook)
Australian Property Bubble Hasn’t Yet Burst Amid The Pandemic (Abc.au)
Experts Want 15 Days Of Counting To Flatten The Curve Of Votes For Trump (BBee)

 

 

Election fatigue is setting in. Good thing I’m not a lawyer.

 

 

 

 

Bob Hope Democrats
https://twitter.com/i/status/1324577385153470464

 

 

“The most startling data concerns the age group 25-44. This is a group with a Covid-related infection fatality rate of 0.0092%, which is to say barely a disease at all for nearly everyone in this group. And yet they are dying at a rate far above what is expected..”

Death by Lockdown (AIER)

On March 28 – very early in the pandemic – AIER published an article that I felt at the time received far too little attention. “Drugs, Suicide, and Crime: Empirical Estimates of the Human Toll of the Shutdown” by economists Audrey and Thomas Duncan cited empirical literature on the human toll of economic devastation. This article forecasted more than 100,000 excess deaths due to drug overdoses, suicide, alcoholism, homicide, and untreated depression – all a result not of the virus but of policies of mandatory human separation, economic downturn, business and school closures, closed medical services, and general depression that comes with a loss of freedom and choice.

These two economists demonstrated that as bad as a virus is, policies that wreck normal social functioning will cause massive and completely unnecessary suffering and death. Because the article was so well-cited, with references to all the available literature, I thought it would make a difference. But after it appeared, it was crickets. I was amazed. Here you have a beautiful piece of research that perfectly forecasted the nightmare being created by politicians and their advisers and it made no dent in the national narrative. Here we are seven months later and the worst has come true. These two economists should be considered prophets. Sure enough, the Centers for Disease Control has documented a shocking number of excess deaths not from Covid.

Scott Atlas summarizes:
• Hispanic: 40% excess deaths NOT Covid related
• Black: 46% NOT Covid related
• White: 38% NOT Covid related
• 25-44: 77% excess deaths NOT Covid related
• 65+: 39% NOT Covid related

The most startling data concerns the age group 25-44. This is a group with a Covid-related infection fatality rate of 0.0092%, which is to say barely a disease at all for nearly everyone in this group. And yet they are dying at a rate far above what is expected, and mostly from issues not related to Covid. There should not be any excess deaths. Instead we find people dropping dead in ways that are shocking.

Read more …

“The science is clear, but politicians are clearly no scientists.”

China: Life After COVID Is Back To Normal (marc)

A few months ago I was lucky to get a visa to China so I could visit the country during the middle of the global pandemic. After 2 weeks in quarantine in Xiamen in late September and a total of 5 COVID tests I was finally allowed to fly to Beijing. When I landed there I had literally arrived in a different world, a world without COVID. Of course I knew that there is no COVID in China anymore, but seeing it for yourself is different. Everything is open again, even bars and clubs. Social distancing is a thing of the past, but when I arrived in Beijing most people still wore face masks, even outside. When I visited Xiamen again last week a lot less people wore them, but maybe that was also because of the much higher temperatures there. Everybody needs to have a health app installed on their phones, without it you can’t enter many public places (the app proves you have no COVID or have not been in contact with COVID-positive people) and you can’t fly without a green QR code on your app (not even if you just want to leave China).

Life is back to normal in China. Interesting is that people work from their offices again: The work-from-home phase did not last here, maybe because people only worked from home for a few weeks instead of a few months. I wonder if that will also happen in the Western world or if people will keep working remotely. Everything is open and there are hardly any restrictions left, although you still need to wear face masks in among others taxis and in school. What dit China do to get here? It’s actually quite simple, they had a complete lockdown of the whole country for a couple of weeks, and for some hotspots like Wuhan for a few months. After that they opened up again, but they did that with ubiquitous testing and obligatory face masks everywhere. Each time a new outbreak occurred they would lock (part of) a city down and test everybody. In that way China got the virus completely under control.

It may be hard to believe if you live in Europe or the US, but it is really not that hard to do. The partial lockdown in many other countries is simply not enough. It turns out that it is much better to have a shorter but very strict lockdown than to have a much longer partial lockdown that just tries to ‘flatten the curve’. I think Europe and the US are shooting themselves in the foot by trying to remain open for business. The long term effect in the Western world will simply be much worse than the short term effect in China.I am actually flabbergasted that the Western economies don’t see this and don’t copy the China playbook. I have argued for a short but full lockdown on Twitter since March, but most people did not take it serious. Of course it’s not the full story, China also had face masks from day one, while many other countries still don’t seem to ‘believe’ in them (although that finally started to change after the summer). The science is clear, but politicians are clearly no scientists.

And of course you need testing capacity, something that seems impossible to scale up in many Western countries. The virus started in January and soon after that it became clear to me that this could be a global danger. As I noted on Twitter, face masks were sold out in Vancouver on January 25 already, simply because most Chinese in Vancouver also saw the risk and started buying them. But governments took a full 6-7 weeks before they started to take it more serious. They lost so much precious time, instead of getting face masks ready and prepare test facilities they downplayed the risk. It was hard to believe for me, but I realized (once again…) that you should never rely on politicians for information but do your own research.

Read more …

No idea what to make of this, can’t trust western media to say one true thing about Putin, but I do like Scott Adams’ take.

Vladimir Putin ‘Will Quit In January Amid Fears of Parkinson’s Disease’ (DM)

Vladimir Putin will quit in January amid fears he has Parkinson’s disease, Moscow sources have claimed. The 68-year-old strongman president of Russia is being urged to retire by his former gymnast lover Alina Kabaeva, 37, insiders say. Recent footage of Putin’s legs moving around as he gripped onto the armrest of a chair have raised eyebrows. Eyes are also drawn to a twitching pen in the former KGB operative’s fingers and a cup which analysts told The Sun was filled with painkillers. Earlier this week it emerged that unexpected legislation was being rushed through to ensure that Putin could be made a senator-for-life. The new draft legislation was introduced by Putin himself, and would guarantee him legal immunity and state perks until he dies.


State-run RT media forecast the move will be seen ‘as a sign that the groundwork is being laid for an eventual transition of power in Russia’. It is not the first time that people have speculated that Putin may be suffering from Parkinson’s disease. Others have previously noted his ‘gunslinger’s gait’ – a clearly reduced right arm swing compared to his left, giving him a lilting swagger. An asymmetrically reduced arm swing is a classic feature of Parkinson’s and can manifest in ‘clinically intact subjects with a predisposition to later develop’ the disease, according to the British Medical Journal.

Read more …

“There were so many serious analyses wondering what could be done to convince Homer Simpson not to vote Trump that it soon became clear Bart’s donut-loving Dad was the closest thing to a Trump voter most educated people could relate to, or knew even.”

Which is the Real “Working Class Party” Now? (Taibbi)

In an irony he is humorously ill-equipped to appreciate, Donald Trump by losing this week may have gained something for the Republican Party bureaucracy he took such pleasure in humiliating four years ago: a future. Defying years of muddle-headed media analyses, Trump underperformed with white men, but made gains with every other demographic. Some 26 percent of his votes came from nonwhite Americans, the highest percentage for a Republican since 1960. The politician who became instantly famous — and infamous — by saying of Mexican immigrants, “They’re bringing drugs, they’re bringing crime, they’re rapists,” performed stunningly well with Latino voters.

Exit polls, which can be unreliable, pegged his national support at 32%-35% of the Latino vote. More tellingly were results in certain counties. Starr County, Texas, the county with the highest percentage of Hispanic or Latino voters – above 95% – voted for Hillary Clinton by a 60-point margin in 2016, but went for Biden by just five points in 2020. Even more amazing was Trump’s performance among Black voters. The man whose 2016 message to “the blacks” was very nearly a parody of long-ago New York mayoral candidate Mario Procaccino’s pledge that “My heart is as black as yours” must have found a new way to connect. Trump doubled his support with Black women, moving from 4% in 2016 to 8%, while upping his support among Black men from 13% to 18%. Remember, this was after four years of near-constant denunciations of Trump as not just a racist, but the leader of a literal white supremacist movement.

Trump’s numbers with the LGBTQ community were a stunner also, jumping from 14% to 28%. In September, a dating app for queer men called Hornet ran a survey that showed 45% support for Trump among gay men. Ever since Trump jumped into politics, media observers have rushed to denounce any Trump-related data that conflicts with conventional wisdom, and the Hornet survey was no different. Out magazine quoted a communications professor from Cal Poly Pomona as saying, “To tout a Hornet poll as evidence of LGBTQ support for Trump is clickbaity, sloppy journalism.” Even the Hornet editor scoffed at his own poll, before it all turned out to be true in the election.

Read more …

“If you count the legal votes, I easily win..”

President Trump Delivers Remarks About The Election From White House

As the nation continues waiting to find out who will win the 2020 presidential contest, President Trump on Thursday delivered remarks from the White House. “If you count the legal votes, I easily win,” Trump said. “If you count the illegal votes they can try to steal the election from us, if you count the votes that came in late,” he said. The president said that election polling was weaponized to harm his candidacy. “As everyone now recognizes media polling was election interference, in the truest sense of that word,” Trump said. “By powerful special interests, these really phony polls…were designed to keep our voters at home, create the illusion of momentum for Mr. Biden and diminish Republicans’ ability to raise funds. They were what’s called suppression polls, everyone knows that now.”


“So it will be hopefully cleared up, maybe soon, I hope soon,” he said. “But it’ll probably go through a process, a legal process and as you know I’ve claimed certain states and he’s claiming states…but ultimately I have a feeling judges are gonna have to rule. But there’s been a lotta shenanigans and we can’t stand for that in our country.”


Jo Jorgenson losing half her support in the space of 12 minutes

Read more …

Georgia count just flipped to Biden.

Trump Gets ‘Big Legal Win In Pennsylvania,’ Setback In Michigan, Georgia (RT)

As Donald Trump continues to accuse Democrats behind Joe Biden of trying to “steal” the presidential election, he celebrated a “big legal” win in his Pennsylvania lawsuit. “Big legal win in Pennsylvania!” the president tweeted on Thursday, following orders mandating certain mail-in ballots to be placed aside for the time being and allowing Republican poll watchers to observe more closely as votes are counted. It remains to be seen how this “big legal win” will benefit Trump, but it does ensure that it could be even longer before people know who has won the presidential race. Mail-in ballots in Pennsylvania, a key swing state that remains up for grabs, that lack identifying information from their voter will be placed aside and not counted until the court gives further guidance on what to do.

Once ballots are “segregated,” those with information that cannot be confirmed by November 9 will “not be counted until further notice” from the court. Pennsylvania Commonwealth Court has also ordered that Republican poll watchers will be able to observe ballots being counted in Philadelphia from a distance of six feet following complaints that they were being kept too far away from the actual counting. In Michigan, the president has faced a setback with a judge scoffing at Trump’s lawsuit to stop the count in the state due to allegations voter fraud. Michigan Court of Claims Judge Cynthia Stephens said on Thursday she will deny Trump’s request as the accusations of voter fraud are “hearsay” and contain no “firsthand knowledge.”

Michigan has been called in Joe Biden’s favor by multiple US outlets, but Trump has claimed victory in the state, blaming last minute “ballot dumps” on the former vice president’s surge on the night of the election. Earlier, a judge in Georgia also dismissed lawsuit by Trump campaign that requested to ensure that state laws were followed in regards to absentee ballots. Trump’s campaign has also said they will be demanding a recount in Wisconsin, which Biden reportedly won by around 20,000 votes. The incumbent president has also alleged in another lawsuit that thousands of people voted in Nevada who are not residents there.

Read more …

Will they oust Pelosi?

Dems Melt Down On Conference Call Over Losing House Seats (RT)

Rep. Abigail Spanberger (D-Virginia), who is leading her congressional race by a thread, has reportedly blamed the Democrat Party for losing elections “we shouldn’t have lost” due to embracing radical ideas like Defund the Police. During a conference call between Democrats discussing the results of various 2020 elections, Spanberger claimed she nearly lost her race (she’s won by a few thousand votes) because of an attack ad connecting her to the Defund the Police movement. “Don’t say socialism ever again,” the congresswoman said on the call, according to Washington Post reporter Erica Werner.


“We need to be pretty clear … it was a failure. It was not a success,” she added about election night. While the results of the presidential race remain unclear, Democrats had a disappointing election night regardless, as they failed to gain control of the Senate and actually ended up losing seats in the House, where they still remain the majority party. Werner reported that Spanberger did not find a lot of support on the call, with Speaker of the House Nancy Pelosi (D-California) openly disagreeing with the assessment, and Rep. Rashida Tlaib (D-Michigan) pushing back and saying former President Barack Obama was called a Muslim and socialist without being connected to movements like Black Lives Matter or Defund the Police.

Read more …

The totally insane idea that Corbyn is an anti-semite has been as hard to kill by evidence in the UK as Russiagate is in the US and UK. And several lies about Assange. The media has become toxic.

EHRC Antisemitism Report Added Fire To Labour’s Simmering Civil War (Cook)

It was easy to miss the true significance of last week’s Equalities and Human Rights Commission (EHRC) report on the British Labour Party and antisemitism amid the furore over the party suspending its former leader, Jeremy Corbyn. The impression left on the public – aided by yet more frantic media spin – was that the EHRC’s 130-page report had confirmed the claims of Corbyn’s critics that on his watch the party had become “institutionally antisemitic”. In fact, the watchdog body reached no such conclusion. Its report was far more ambiguous. And its findings – deeply flawed, intentionally vague and glaringly inconsistent as they were – were nowhere near as dramatic as the headlines suggested.

The commission concluded that “there were unlawful acts of harassment and discrimination for which the Labour Party is responsible”. Those failings, according to the commission, related to the handling of antisemitism complaints, interference by the leader’s office in the disciplinary procedure, and “unlawful harassment” by two Labour Party “agents”. None of that seemed to amount to anything like the supposed claims of a “plague” and “tidal wave” of antisemitism that have dominated headlines for five years. Paradoxically, the equalities commission’s conclusions sounded a lot like Corbyn’s statement that the scale of Labour’s antisemitism problem had been “dramatically overstated”. That remark quickly became grounds for the party suspending him.

So sustained has the furore about “institutional antisemitism” been in Labour that, according to a recent survey by academics Greg Philo and Mike Berry, the British public estimated that on average a third of Labour members had been disciplined for antisemitism – more than 300 times the real figure. But in the end, the commission could identify only two cases of unlawful antisemitism the party was responsible for. According to the report, there were 18 “borderline” cases, however, “there was not enough evidence to conclude that the Labour Party was legally responsible for the conduct of the individual.”

Read more …

“The Government also has to consider the political consequences of continuing to throw stimulus at construction over other sectors that are in pain..”

Sorry, but that government is stuck in a corner.

Australian Property Bubble Hasn’t Yet Burst Amid The Pandemic (Abc.au)

After years of dire predictions that Australia’s property bubble could burst, national house prices continue to withstand the otherwise devastating impact of the coronavirus pandemic, and once again the doomsayers have been proven wrong. Data released this week from CoreLogic shows the national average rose 0.4 per cent in October, following five months of national declines during the COVID-19 pandemic. Every state across Australia (except for Melbourne which suffered the impact of a second COVID lockdown) experienced gains. But how long will the good run last? It’s a question I asked AMP Capital chief economist Shane Oliver, who in late March at the onset of the pandemic in Australia, had warned that house prices could plummet by 20 per cent in a worst-case scenario.

In response to my question, Dr Oliver jokes that when people get their Australian citizenship, it should come with a written warranty saying, ‘Congratulations, you are now guaranteed to live in a country where house prices will continue to rise’. He says over the years regulators and government have always stepped in and introduced measures that stopped the bubble bursting. These range from interest rate cuts, tax incentives for property investors and other measures aimed at propping up construction. During the early 1990s recession, the level of household debt in Australia was around 40 per cent of income, he says, whereas now it is close to 200 per cent — one of the highest levels in the world.

“Each time there’s a downturn people get worried about debt and pay some of it back, but before things go too far [into the positive], the Reserve Bank cuts rates and people start borrowing again — we go back to a new level of debt and it starts the cycle again.” [..] But Dr Oliver and other economists also warn that in the current environment there are limits to how fiercely regulators and governments can fuel house prices. Interest rates are near zero, and tax incentives aimed at housing are already generous (with calls to wind them back as part of a wider tax reform package). The Government also has to consider the political consequences of continuing to throw stimulus at construction over other sectors that are in pain. In short, the pandemic has created several reasons to maintain a level of cynicism about the future of house prices.

Read more …

“..the CDC quickly reversed its support for the decision, then went back and supported it again, then did it again, etc.”

Experts Want 15 Days Of Counting To Flatten The Curve Of Votes For Trump (BBee)

After a concerning spike in votes for Trump occurred on election night, experts are calling for 15 days of counting to flatten the curve of votes for the “wrong candidate.” While some scientists recommended just letting the votes for Trump be counted fairly until we all achieve herd immunity to Trump, others said we need to lock down the vote-counting places, and make sure no one can get inside, in order to kill off the virus of Trump. “If we all band together and allow just 15 days of counting, we can flatten the curve of votes for Trump,” said Dr. Fauci. “And we also advise Trump supporters to wear airtight masks. For, you know, science.”


The CDC, WHO, and China are all backing the plan, saying it is “SCIENCE!” and anyone who is opposed to it is “ANTI-SCIENCE!” However, the CDC quickly reversed its support for the decision, then went back and supported it again, then did it again, etc. At publishing time, the experts had revised their recommendation to at least 8 months of counting to flatten the curve.

Read more …

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site.

Click at the top of the sidebars for Paypal and Patreon donations. Thank you for your support.

 

 

Bill Barr in September on mail-in ballots
https://twitter.com/i/status/1324438683336929281

 

 

 

 

Support the Automatic Earth in virustime, election time, all the time. Click at the top of the sidebars to donate with Paypal and Patreon.

 

Sep 142016
 
 September 14, 2016  Posted by at 9:24 am Finance Tagged with: , , , , , , , , , , ,  2 Responses »


LoC Old Patent Office model room, Washington DC 1865

The US Consumer Will Cause The Next Crisis (Vallee)
Shares Crumble As Oil Falls, Bond Yields Soar On Stimulus Doubts (R.)
How ‘Zombie’ Oil Companies Stay Alive in Life-or-Death Debt Markets (BBG)
Negative Rates May Do More Harm Than Good (BBG)
Why Democrats in Western Pennsylvania Are Voting Trump (Atlantic)
How Much It ‘Costs’ To Get An Ambassadorship (ZH)
Buffett Loses $1.4 Billion as Wells Fargo Tumbles on Scandal (BBG)
Hanjin Brings One of World’s Busiest Shipping Terminals to Near Standstill (BBG)
IMF’s Lagarde Slams Globalization (ZH)
Bayer To Announce Acquisition Of Monsanto On Wednesday (R.)
Hillary’s 9/11 “Medical Episode” Looks More Like Parkinson’s Than Pneumonia (ZH)
An ‘Amicable Divorce’ For The Eurozone? (Varoufakis)
Expel Hungary From EU For Hostility To Refugees, Says Luxembourg (G.)
Greece Has Exposed The NGO Aid Community’s Failures (G.)

 

 

If you still need this spelled out, this is quite good. Lots of graphs too.

The US Consumer Will Cause The Next Crisis (Vallee)

The market is materially mispricing the strength of the US consumer whose weakness will lead the US economy into a recession in Q117. The divergence is a result of the top 40% of earners who have accrued 84% of all new income and only 34% of new debt since 2013. This strength has driven headline sales figures and accounted for nearly all deleveraging since the financial crisis. That said, the market has extrapolated the health of top 40% to all consumers, as it corresponds to the current narrative of low unemployment and rising average hourly earnings leading to higher rates of consumption and balance sheet strength. Due to this misconception, we believe the market has overlooked the deterioration of lower and middle income households who have historically preceded the fall of the top. We see this disparity being corrected over the next 6-9 months, as a series of disappointing retail sales and consumption figures lead market participants to the realization that their thesis is imperfect.

Read more …

Markets won’t get quiet again at least before November 8, and more likely 2017.

Shares Crumble As Oil Falls, Bond Yields Soar On Stimulus Doubts (R.)

Asian stocks fell to fresh six-week lows on Wednesday and the greenback stood strong against a broad swathe of currencies including the Japanese yen as concerns grew about the fading impact of the world’s major central banks to stimulate growth. Losses in stock markets across Asia deepened as rising bond yields and soaring volatility forced investors to unwind positions. The MSCI’s broadest index of Asia-Pacific shares outside Japan slid 0.2%, extending its decline since late last week to 4.2%. Within the region, Japan’s Nikkei led losers with a 0.3% decline as uncertainty grew ahead of a central bank policy meeting next week. The BOJ plans to make its controversial negative interest rate policy the centerpiece of future monetary easing, promising to weigh further rate cuts as expansions to asset buying near their limits, the Nikkei newspaper reported on Wednesday.

“The moves in developed market fixed-income, which are largely behind the volatility, have stemmed from Japan and the potential changes in monetary policy,” said Chris Weston at IG Markets. “Secondly, some of the biggest systematic funds have had to alter their portfolios. The rest of the market participants have had to simply react.” Stock markets have come under pressure as investors cut positions after large inflows in recent weeks betting on a long period of low volatility and suppressed bond yields. Inflows into emerging market equity funds amounted to $24 billion dollars over the past 10 weeks, the highest on record according to Bank of America Merrill Lynch flow data. An index of market volatility soared to its highest level in three months.

Read more …

The refusal to restructure will come back to bite the US.

How ‘Zombie’ Oil Companies Stay Alive in Life-or-Death Debt Markets (BBG)

Beneath the surge in corporate defaults lies a surge in distressed exchanges. Such exchanges – defined by Moody’s as when a troubled company offers its lenders new or restructured debt, securities, cash, or other assets, that amount to a smaller commitment than the original IOU – could have big implications for debt markets as they stretch out the current credit cycle and result in even greater losses for investors. The trend is most apparent in the energy sector where oil and gas companies have been deploying a raft of creative measures to stay afloat amid lower crude prices that have crimped profits and threatened their survival. Such measures have included swapping unsecured debt for secured, offering discounted buybacks of existing debt, or junior-lien debt that gets paid after other creditors.

“While these [distressed exchanges] do result in some level of loss to bondholders, unlike missed payments and bankruptcy filings the bonds typically remain eligible for inclusion in the high-yield index,” Kai Gilkes and Anneli Lefranc, analysts at CreditSights, wrote in new research. They note that the 12-month default rate rose to 7.2% for U.S. junk-rated bonds in August. That’s an increase of 30 basis points compared to July’s default rate of 6.9%, spurred on by six corporate defaults last months – including a trio of U.S. energy companies. “Distressed exchanges have contributed greatly to the rise in default rates,” they add, with 38 of the 75 U.S. high-yield defaults over the last 12 months coming from such deals. The degree to which distressed exchanges are propelling defaults higher is apparent in the below CreditSights chart, which shows the U.S. and European default rate excluding the swaps.

The question now will be whether such exchanges actually help companies improve their balance sheets and reduce their debt long enough to enjoy a recovery in oil prices or the market’s appetite for energy-related assets. If they don’t, then truly troubled companies will only have succeeded in putting off the inevitable and their lenders risk suffering greater losses further down the line.

Read more …

You think? Again, there’s one solution only: take away central banks’ powers.

Negative Rates May Do More Harm Than Good (BBG)

The negative interest rate strategy that Japan and Europe’s central banks have embraced may do more harm than good, according to John Taylor, the creator of an eponymous rule for guiding monetary policy. “What we are learning is that, in my view, negative rates may not have helped and may have hurt,” Taylor, a professor at Stanford University in California, said in a telephone interview this week. “It could be counterproductive, no question.” A potential problem is that the strategy of charging banks for a portion of their reserves squeezes the availability of credit. Bank of Japan Governor Haruhiko Kuroda last week rejected the idea that the negative-rate policy adopted in January had hurt banks’ “intermediary functions” – their ability to channel savings to lending.

Even so, he acknowledged that the move had spurred a powerful drop in long-term yields. That, in turn, hurt earnings on savings including pensions, generating some risk for the “sustainability of the financial function in a broad sense.” “The macro models we have don’t really incorporate that financial-sector behavior, so it’s hard to give a magnitude to it,” Taylor said. While some companies may boost investment, others could pare it back, and saving rates could be affected, said Taylor, who served as the U.S. Treasury’s top international official from 2001 to 2005.

Read more …

Joe Bageant meets Brexit. Excellent from the Atlantic. Nothing learned from Project Fear that helped shape Brexit.

Why Democrats in Western Pennsylvania Are Voting Trump (Atlantic)

Lee Supply is a third-generation family-owned business, operating since 1954. “My dad started it servicing the coal industry,” Lee said. Nestled in a glen between the rolling hills of the Alleghenies and the Monongahela River, the company bustles with workers moving about the plant. Today, it sells pipe and pumping systems used in everything from traditional applications, such as water distribution and sewage treatment, to highly specialized applications such as horizontal directional drilling, slip lining, leachate and methane collection, gas extraction, and water transport. One man wearing a florescent-yellow Lee Supply safety shirt, with grease smudged on his arms and face, registered to vote for the first time in his 61 years.

His eyes watered as he put down the pen. “This is about me,” he said, declining to give his name. “I am doing this for me, my hometown.” “Sheik” Shannon, 55, a 17-year employee at the company, believes the political class fundamentally misunderstands what this election cycle is all about. “They think it is the celebrity of Trump. It’s not. They think we’ve all gone mad. We’ve not,” he said, emphasizing each sentence with passion. “Communities like where I live do not need to shutter and die. We lead solid, honest lives, we work hard, we play hard, we pray hard … we love where we are from, and we feel a duty to make sure that it is here for generations.” Paul Sracic, a Youngstown State University political scientist, believes there are two categories of voters rallying to support Trump.

“First, there are people who don’t normally vote,” he said. “Nearly half the voting-age population was either not registered to vote, or was registered and decided not to vote in 2012. And if even 10% of that group was to show up and vote this year, it could easily change the outcome in the important swing states.” Sracic—who frankly admits he obsesses over opinion polls—wonders whether these voters are even represented in the endless presidential surveys: “If people aren’t registered voters, they won’t be picked up by most polls. If they are registered voters but don’t normally vote, they may be eliminated by ‘likely voter’ screens pollsters use.” Romney lost Pennsylvania in 2012 by about 300,000 votes out of about 5.5 million cast; in Ohio, he lost by less than 200,000. “So bringing new people in can make a difference,” Sracic said.

Potentially more significant, however, are those voters who “flip”—Sracic’s second category. “Remember,” he said, “taking a Democratic voter and having them vote Republican is both a +1 and a -1. In other words, if Romney lost Pennsylvania by 300,000 voters, all you have to do [this time] is flip slightly more than 150,000 votes.” Between Ohio and Pennsylvania, if approximately 225,000 voters (out of the 11 million who are expected on Election Day) switch parties, they could tip the entire election.

Read more …

For names, amounts and photos click the link.

How Much It ‘Costs’ To Get An Ambassadorship (ZH)

After addressing a cybersecuirty conference in London, notorious hacker ‘Guccifer’ shared over 500Mb of documents detailing 100,000 DNC donors contact info and donations. A large number of the largest donors received senior diplomatic or political positions following thge donations, ranging from UK Ambassador to Assistant Attorney General. The DNC released a statement pre-emptively claiming that this was the work of Russia (and reigniting Trump’s links to Putin). Probably just coincidence… The dcoments contained detailed lists of 100,000 alledged donors, addresses, and phone numbers, and well as amounts donated…

[..] The DNC responded to the latest hack claim Tuesday through its Interim Chair Donna Brazile, who stated that the “DNC is the victim of a crime,” which she blamed on “Russian state-sponsored agents,” while also cautioning that the hacked documents were still being authenticated by the DNC legal team, as “it is common for Russian hackers to forge documents.” DNC pre-emptively published a statement in an attempt to change the narrative… [..] Once again blaming Russia (and Trump)… As RT reports, it’s not the first time that the name of Vladimir Putin has been brought up in the US presidential campaign, but this time the US president used this “argument” while openly campaigning for Clinton against Trump. The situation has become “really ludicrous and it borders on the ridiculous,” believes Gregory R. Copley, editor of Defense & Foreign Affairs.

“In my 50 odd years covering the US government, I have never seen this level of partisanship within the administration where a sitting president actually regards the opposition party as the enemy of the state,” Copley told RT. [..] The US establishment is “sacrificing key bilateral relationships in order to win [a] domestic election,” believes Copley. He added that neither Obama nor Clinton are interested in unifying the country, but they are rather “interested in winning and engaging in what modern democracy seems to have become – the tyranny of the marginal majority over the marginal minority.”

“When you think about the number of times that the Clinton campaign has brought up President Putin and the alleged Russian hacking of Hillary Clinton’s service, it makes you wonder just how desperate they are,” Copley noted. “President Obama has lost literally all prestige in an international community…with the loss of prestige he has become desperate.”

Read more …

Is there anything more boring in the world than billionaires?

Buffett Loses $1.4 Billion as Wells Fargo Tumbles on Scandal (BBG)

Warren Buffett had $1.4 billion wiped from his fortune Tuesday after Wells Fargo fell 3.3% as the fallout continued from revelations that bank employees had opened more than 2 million accounts without clients’ approval. Berkshire Hathaway, the lender’s biggest shareholder, fell 2%, causing the 86-year-old’s fortune to drop more than anyone else’s on the Bloomberg Billionaires Index. The U.S. investor is the world’s fourth-richest person with a net worth of $65.8 billion. Tuesday’s decline came amid a global equity sell off that has wiped out $93 billion from the world’s 400 biggest fortunes since Friday. The billionaires shed $37.3 billion Tuesday as stocks and bonds both slumped, and oil sank after the IEA’s prediction that a glut will extend into next year.

The world’s second-richest person, Inditex founder Amancio Ortega, leads the 400 richest people with a decline of $3.3 billion since the sell off began, according to the index. Microsoft co-founder Bill Gates, the world’s richest person with $87.3 billion, has lost $2.4 billion. Amazon founder Jeff Bezos, the world’s third-richest person with $66.2 billion, has shed $1.9 billion. Buffett, whose fortune is mostly in Berkshire shares, has lost $1.6 billion in the sell off. Wells Fargo was overtaken by JPMorgan as the world’s most valuable bank on Tuesday. It has fallen 5.9% since Thursday, when the Consumer Financial Protection Bureau announced fines stemming from the fake accounts. The drop since Thursday compares with a 2.5% fall for the Standard & Poor’s 500 Index.

Read more …

Good example of why systems need redundancy, but don’t have it.

Hanjin Brings One of World’s Busiest Shipping Terminals to Near Standstill (BBG)

The Hanjin Shipping Co. terminal at South Korea’s largest port used to be one of the world’s busiest. Dozens of container carriers would line up to ferry boxes to and from the giant cranes that loaded and unloaded the world’s biggest ships.
Last week the terminal, as big as 100 football fields, came to a virtual standstill. In front of hundreds of containers stacked four-high, Seo Seong Deok, a 35-year-old driver of the port tractors, wondered if he would ever get to move them again. “We have no work now,” said Seo, one of about 1,000 tractor drivers without work. “This Hanjin terminal used to be always bustling with trucks and ships. Now, I heard some fresh food such as mango or banana is rotting in Hanjin container ships drifting somewhere in the ocean.”

Since the world’s seventh-largest container line filed for protection from creditors on Aug. 31, the port has been paralyzed as unshipped boxes piled up. The collapse has come at the worst time: September is peak season for the industry as manufacturers look to stock store shelves for holidays like Thanksgiving and Christmas. Port officials say cargo owners have been scrambling to find alternative ways to send goods. The port in Busan, on the tip of the Korean peninsula about 200 miles southeast of Seoul, handles more than 70% of the containers that enter or leave South Korea, according to local government data. Until last week, Hanjin alone accounted for about 10% of goods that flow through its wharves. “The biggest concern is Busan losing its longtime reputation as a maritime hub in Asia,” said Kim Kyu-Ok, the city’s vice mayor for economic affairs. Hanjin’s collapse “could make ship owners shun Busan.”

Read more …

A good take from Tyler: turn Christine on her head.

IMF’s Lagarde Slams Globalization (ZH)

Two months after consultancy giant McKinsey dramatically flip-flopped on its long held position of praising globalization, cautioning that – as Britain’s vote to exit the European Union exemplified what happens when people feel like the system is letting them down – the system is on the verge of “explosion”, comparing the buildup of resentment over globalization to a dangerous natural gas leak in a row of houses, today it was the IMF’s turn. In a speech titled “Making Globalisation Work For All”, IMF managing director Chrstine Lagarde became the latest in a growing chorus of senior policymakers urging governments to take heed of rising discontent and economic insecurity in the advanced world.

Lagarde said that governments in the developed world should focus their attention on boosting support for low income workers and reducing inequality, amid a “groundswell of discontent” against globalisation. Effectively reiterating the McKinsey report, Lagarde said that there is “a growing sense among some citizens that they “lack control,” that the system is somehow against them”, a system which she now slams, even though the IMF been instrumental in helping create and grow precisely this system ever since its inception, saying that “growing inequality in wealth, income, and opportunity in many countries has added to a groundswell of discontent, especially in the industrialized world.” She then slammed both banks, tax regimes and pervasive corruption, saying that “financial institutions are being seen as unaccountable to society. Tax systems allow multinational companies and wealthy individuals not to pay what many would consider a fair share. Corruption remains endemic.”

Last but not least she warned about the “challenge” from migration flows: And there is the challenge from uncontrolled migration flows, contributing to economic and cultural anxieties.” To be sure, Lagarde did have some kinds words for globalisation, highlighting the opening up of world trade and the entry of the likes of China and India into the global economy, which has had “far reaching effects” for low-income workers in the likes of Europe and the US, however even here she highlighted the negatives saying that “the size of the global workforce effectively doubled, putting downward pressure on wages, especially for lower-skilled workers in advanced economies…. Some local labour markets that have faced deep, long-lasting effects from overseas competition.” We are confident this is a bullet point that Trump will be delighted to use during the upcoming debates.

Read more …

This is very dangerous. We should not allow it.

Bayer To Announce Acquisition Of Monsanto On Wednesday (R.)

Chemicals and healthcare group Bayer is poised to announce the acquisition of U.S. seeds company Monsanto on Wednesday for more than $66 billion, clinching the biggest deal of the year, people familiar with the matter said. By accepting Bayer’s offer, the largest cash acquisition proposal on record, Monsanto is set to give the German company a shot at grabbing the top spot in the fast-consolidating farm supplies industry, combining its crop science business with Monsanto’s strength in seeds. It will also set the stage for the deal to be closely scrutinized by antitrust regulators. The breakthrough in negotiations, which follows more than four months of talks, came after Bayer further improved on the sweetened offer of $127.50 per share in cash it disclosed last week, the people said.

However, the deal will still value Monsanto at less than $130 per share, which the company was previously hoping to fetch, the people added. Once Monsanto’s board of directors approves the deal on Tuesday, Bayer’s supervisory board will meet on Wednesday to also authorize the transaction, with an announcement expected before the stock market opens in New York on Wednesday. It is still possible the board of either company could decide to walk away from the deal at the last minute, the people cautioned. Bayer’s bid to combine its crop chemicals business, the world’s second-largest after Syngenta, with Monsanto’s industry leading seeds business, is the latest in a series of major consolidation moves in the agrochemical sector. U.S. chemicals giants Dow Chemical and DuPont have agreed to merge and spin off their respective seeds and crop chemicals operations into a major agribusiness.

Read more …

I don’t want to get into this too much, but the good doctor makes a convincing case.

Hillary’s 9/11 “Medical Episode” Looks More Like Parkinson’s Than Pneumonia (ZH)

A few weeks back, Dr. Ted Noel, an anesthesiologist with 36 years of experience, gained notoriety by sharing his opinion on his website, Vidzette, that Hillary likely had Parkinson’s disease. Now, Dr. Noel has posted a new video in which he explains how Hillary’s behavior on 9/11 and the subsequent decisions made by her campaign staff and secret service detail are more consistent with Parkinson’s disease than pneumonia. Among other things, Noel points out that if Hillary actually was suffering from such a severe case of pneumonia that it forced her to literally collapse on a sidewalk, it’s extremely unlikely that she could make a seemingly full recovery after only 90 minutes at Chelsea’s apartment and feel well enough to great onlookers and snap a selfie with a child.

Per Noel, Hillary’s recovery timing is more consistent with how long it would take her to ingest a dosage of Levodopa and wait for her Parkinson’s symptoms to subside. Noel also points out that sunglasses with dark blue lenses, like the ones Hillary wore this weekend despite the cloud cover, have been noted by doctors to help treat patients with major motion disorders such as Parkinson’s disease. With that preview, here is the full analysis

Read more …

I’m looking at doing another article on the political restraints on an EU ‘redesign’. Wrote on that years ago, don’t know if I can find any of it back. Nothing much has changed, other than tensions have increased.

Yanis looks at the economic/financial side. I think I’m more convinced that a ‘divorce’ is inevitable than he is, ugly as it may be.

An ‘Amicable Divorce’ For The Eurozone? (Varoufakis)

Stefano Fassina points out that in my article ‘Europe’s Left After Brexit’ I did not discuss his preferred option for Eurozone member-states: Stay in the EU but leave the euro. Of course the reason my article did not discuss that position is that it was focusing on Brexit and addressing Lexiteers like Tariq Ali and Stathis Kouvelakis who are arguing, from a left-wing position, for leaving the EU altogether – i.e. Brexit-like moves. But I am more than happy to comment on Stefano’s preferred option (In the EU, Out of the Euro) here. Stefano invokes Joe Stiglitz who, in his recent book on the euro, recommends an ‘amicable divorce’ that would lead to the creation of at least two new currencies (one for the deficit and one for the surplus countries).

Since I have recently discussed this with Joe Stiglitz it is perhaps useful to share the gist of our discussion with Stefano and our readers. In my email to Joe, I expressed scepticism that an ‘amicable divorce’ is at all possible. The moment it becomes public that a ‘divorce’ is under discussion, a wall of money will leave the banks of the countries destined for devaluation, heading for Frankfurt. At that point, the banks of the deficit member-states will collapse (as they run out of ECB-acceptable collateral) and the member-states will impose stringent currency and capital controls – complete with officials at airports checking suitcases and/or harsh limits in cash withdrawals. This would spell the end not only of monetary union but also of (the already injured) Schengen Treaty.

Meanwhile, as bank deposits are being redenominated, huge assets belonging to the Bundesbank and the central banks of other surplus countries (e.g. the Netherlands), which are the liabilities of the deficit countries, will disappear, causing an uproar of indignation in Germany and the Netherlands. Under such circumstances, and given the already advanced stage of the EU’s disintegration, it is almost certain that the dissolution of the Eurozone will be anything but amicable. Joe Stiglitz responded to me thus: “You are absolutely right that the moment any country contemplated leaving, capital controls would have to be imposed… The rush out will occur presumably before–when a party advocating a referendum looks like it might win.

So the hard decisions about imposing capital controls are likely to be faced ironically by a pro-Euro government. If it delays, by the time the election occurs, the country may be in shambles. The picture ahead for Europe is not a pretty one.” In conclusion, it is a fantasy to think that the EU can oversee an amicable disintegration of the Eurozone. Indeed, it is hard to imagine the EU surviving a Eurozone breakdown.

Read more …

Yeah, about that EU divorce…

Expel Hungary From EU For Hostility To Refugees, Says Luxembourg (G.)

Luxembourg’s foreign minister has called for Hungary to be thrown out of the EU over its increasingly hostile approach to refugees, as campaigners accuse Viktor Orbán’s hardline government of whipping up xenophobia to block a European plan to relocate asylum seekers. Jean Asselborn said Hungary should be temporarily or even permanently expelled from the EU for treating asylum seekers “worse than wild animals”. In an interview with German daily Die Welt, he said: “Anyone who, like Hungary, builds fences against refugees from war or who violates press freedom and judicial independence should be excluded temporarily, or if necessary for ever, from the EU.”

Asselborn called for EU rules to be changed to make it easier to expel Hungary as this was “the only way of preserving the cohesion and values of the EU”. Hungary’s foreign affairs and trade minister Péter Szijjártó dismissed Asselborn as “an intellectual lightweight” and his comments as “sermonising, pompous and frustrated”. He said only Hungarians have the right to decide who they wish to live with, adding that no Brussels bureaucrat can deprive them of this right. In a statement issued by the Hungarian government, Szijjártó added: “It is somewhat curious that Jean Asselborn and Jean-Claude Juncker – who both come from the country of tax optimisation – speak about jointly sharing burdens. But we understand what this really means: Hungary should take on the burden created by the mistakes of others.”

Read more …

This is what I have observed in Greecem, and why I support Konstantinos so strongly. His is the much better model for aid, not the massive overhead NGO one. But they get the millions, and he gets nothing, except from the Automatic Earth and a few minor other sources. NGOs have become corporations entrenched in a system that’s as expensive as it is a failure. And guess who the victims of this failure are?

Greece Has Exposed The NGO Aid Community’s Failures (G.)

The aid community has over many years developed a habit of finding reasons for why the school was not built in the Afghan village, why the women’s agricultural businesses never made any profits, why the toilets took three months to set up in the refugee camp. When it comes to our shortcomings, we have become very comfortable with, and rely upon the shopping list of excuses that we find ourselves using in Haiti, Afghanistan, Iraq, the Democratic Republic of Congo and the other contexts we’re flown into. The humanitarian excuses list includes, but is not limited to: a fragile context, ongoing war and conflict, poor infrastructure, a corrupt government, dictatorship (current or past), insufficient funding, and values that are not akin to our own.

Or if all else fails, that other favourite go-to, the overwhelming scale and number of people, such as the 1,033,513 registered Syrian refugees in Lebanon, 655,990 Syrian refugees in Jordan or 3.9 million internally displaced people in Iraq. But in Greece we are without the humanitarian excuse list to fall back on. The aid community has already received €83m to improve conditions for refugees in Greece with €214m to come from the European Commission alone in the next few months. This makes it hard to suggest we are underfunded, especially when you look at the scale of the crisis. At the time of writing, the number of refugees in Greece is approximately 60,000. The problem is not overwhelming. This time we are in an EU country.

I feel safe wherever I am – this means I can conduct a visit to monitor the impact of a programme or ensure I am consulting refugees about what they want. But I don’t, because it is something we have talked about but not done for many years, and there is little pressure to change. The disconnect between the sector’s standards and the reality on the ground is more stark here than in any other mission I’ve been involved in. We have historically been unaccountable, failing to sufficiently consult and engage affected communities. In Greece we are continuing to operate in the same ways as before, but without the traditional excuses to rely on.

Across Greece there are volunteers working both independently and as organised groups, meeting needs and filling gaps. They take over abandoned buildings to ensure refugees have somewhere to sleep, provide additional nutrition to pregnant and breastfeeding women, organise and manage informal education programmes, including setting up schools inside camps. All of this while INGO staff sip their cappuccinos in countless coordination meetings – for cash distribution, protection, water, sanitation and hygiene, food distribution and child-protection.

Read more …