Sep 072020
 
 September 7, 2020  Posted by at 9:46 am Finance Tagged with: , , , , , ,  12 Responses »


Robert Doisneau Le Baiser Blotto, Paris 1953

 

Assange Makes His Way To Date With Destiny He Always Predicted (SMH)
Interview With Barry Pollack, Julian Assange’s US Lawyer (Gosztola)
The Fight To Control Who Reports From Portland (Reason)
Growing Numbers Of District Attorneys Are Out To Undermine The Law (NYP)
DC PR Firm Ran Fake News Networks For Right-Wing Latin American Regimes (GZ)
Biden Ad About Trump Plan That Doesn’t Exist Receives 4 WaPo Pinocchios (WJ)
A Rogue Institution And Clear & Present Danger To Liberty In America (Stockman)
Russians Are The Dumbest Idiots On The Planet! (Saker)

 

 

The only thing I, or anyone, should be writing about really today is the ultimate disgrace that is the Julian Assange extradition hearing which just started at the Old Bailey in London. What else matters on a day like this? Then again, the hearing is supposed to last for three(?!) weeks, so we’ll have plenty to say about it.

For now, I’ll just repeat: this is how we treat our best and brightest. It’s a deeply sad day. And yes, who are we to let this happen? What prospects, or even rights, do we have for a better future for ourselves and our children if we let him be silenced and killed? Don’t we allow those prospects and rights to be killed along with him?

 

 

 

 

US new daily cases at their lowest since June 21.

 

 

 

 

 

Herd immunity
https://twitter.com/i/status/1302655315939336206

 

 

it’s ironic that Julian was the only one who knew about this for years. Perhaps even more ironic, though, is that he allowed himself to be set up.

Assange Makes His Way To Date With Destiny He Always Predicted (SMH)

As Julian Assange makes his way in a prison van this morning, London time, to the Old Bailey Central Criminal Court for his US extradition hearing, he’s heading for a date with destiny he long predicted. In Melbourne in 2010, after he had released the infamous US helicopter gunship video, Collateral Murder, which showed innocent civilians, including two Reuters news staff being mown down in a Baghdad square, Assange worried about being snatched off the streets. Now the United States is trying a less dramatic but equally questionable version of its CIA rendition program. The attempt to extradite Assange is designed to stifle dissent, sending a chill through the ranks of investigative journalists worldwide. If Assange can be prosecuted for exposing evidence of US war crimes, so can any journalist anywhere in the world.

It was just such a fear of being extradited to the US that led Assange to successfully seek asylum in London’s Ecuador embassy in 2012, where he remained until April last year when police stormed in and arrested him – a particularly zealous act for the relatively minor offence of skipping bail. As he makes his way into the court today, Assange is walking in the footsteps of one of the UK’s most celebrated investigative reporters, who exposed Britain’s worldwide electronic intelligence gathering operation. Duncan Campbell, working for the magazine Time Out in London, had revealed the existence of the then secret Government Communications Headquarters, Britain’s version of the Australian Signals Directorate and the US National Security Agency.

Campbell was arrested in 1977 with two other men and accused of being a spy. He was charged with “unauthorised receipt of classified information” and publishing information “intended to be directly or indirectly useful to an enemy”. The trial collapsed after the defence exposed the fact the prosecution had stacked the jury with military personnel and others who had signed the Official Secrets Act. It was evidence of just how far the British state would go in its attempt to secure a conviction in a national security case. Fifty years later, Assange can point to a similar intervention, when the Crown Prosecution Service appeared desperate to pressure Sweden not to “get cold feet” as it considered dropping an extradition request regarding sex allegations against Assange.

Despite repeated denials by the British government, Assange has always argued the Swedish extradition was part of a plan to pass him to the US. It seems he was right. There’s also the role of the chief magistrate, Lady Emma Arbuthnot. She broke the judicial rules of impartiality by not recusing herself from overseeing the Assange case. Her husband, a member of the House of Lords, is a former Conservative defence minister. He was also a paid consultant for a company run by the former head of MI6. A second hearing found Campbell and his co-defendants guilty of unauthorised receipt of classified information. They were given non-custodial sentences. Possibly as a result of the public uproar about what had happened, the more damaging charge against Campbell was dropped.

Assange

Read more …

“…every day the New York Times and the Washington Post publish classified information..”

Interview With Barry Pollack, Julian Assange’s US Lawyer (Gosztola)

GOSZTOLA: One of the issues that has become pronounced is we see the U.S. government making this argument that Julian should be denied First Amendment rights while at the same time suggesting they can bring a prosecution under the Espionage Act. But many defense attorneys have defended alleged leakers by claiming the Espionage Act is too broad when it comes to the First Amendment, making First Amendment defenses to try to see how far those might go. How do you view this dynamic that is part of the U.S. prosecution?

POLLACK: The position that the U.S. is taking is a very dangerous one. The position the U.S. is taking is that they have jurisdiction all over the world and can pursue criminal charges against any journalist anywhere on the planet, whether they’re a U.S. citizen or not. But if they’re not a U.S. citizen, not only can the U.S. pursue charges against them but that person has no defense under the First Amendment. It remains to be seen whether a U.S. court would accept that position, but that certainly is the position that the government is taking. In the cases that have been brought under the Espionage Act to date, efforts to build defenses around the First Amendment have been quite unsuccessful. The courts have not [generally allowed or supported defenses] based on the First Amendment. But those are cases where the defendant was a leaker, not a publisher. This case is unique. The U.S. government has never tried to charge a journalist or a publisher under the Espionage Act.

GOSZTOLA: That raises an important question in my mind, which is, how can someone who is not from the U.S. be expected to submit to these U.S. secrecy laws and regulations, especially when he never signed a non-disclosure agreement? A key part of these Espionage Act prosecutions are that they are brought forward as strict liability offenses, that he signed something. It seems that there is no evidence whatsoever in favor of the U.S. government that he signed anything to agree to not disclose information.

POLLACK: That’s correct. In the cases that have been brought to date, the charges have been against an employee of the government, a government contractor, a former employee of the government, all people who entered into an agreement with the government that they would not disclose classified information. Journalists don’t enter into that type of agreement, and every day the New York Times and the Washington Post publish classified information. The Department of Justice has never charged a domestic reporter under the Espionage Act. Up until the current administration, I think it was widely understood that doing so would be inconsistent with the First Amendment. Publishers do not have those kinds of non-disclosure agreements. They report what is newsworthy, and that includes classified information that comes into their possession.

What the government is doing here is not only charging a publisher who has no non-disclosure obligation but charging a publisher who is not in the United States. They’re charging an Australian citizen, who is publishing from the U.K. So it is an unprecedented prosecution.

Read more …

Behind the masks.

The Fight To Control Who Reports From Portland (Reason)

“YOU’RE NOT ALLOWED TO FILM!” is a cry you hear incessantly at protests in Portland, Oregon, always shouted at close range to your face by after-dark demonstrators. You can assert that, yes, you can film; you can point out that they themselves are filming incessantly; you can push their hands away from covering your phone; you can have your phone record them stealing your phone—all of these things have happened to me—and none will have any impact on their contention that “YOU’RE NOT ALLOWED TO FILM” and its occasional variation, “PHOTOGRAPHY EQUALS DEATH!” I cannot say who came up with these anti-camera battle cries. But it’s easy to understand why protesters use them: to shape the narrative the country sees about the protests.

And that narrative, in my estimation after many weeks covering street clashes in a city where I lived for 15 years, is 90 percent bullshit. I wondered, the first time I attended the protests at the federal building back in July, who all these young people with PRESS emblazoned on their jackets or helmets were. I asked one such guy who he worked for. “Independent Press Corps,” he told me. As it turned out, dozens of other young PRESS people happened to work for the same outfit, which I at first assumed was a fancy way of saying “I want to report stuff and stream it on my Instagram.” This turned out to be naive. The IPC is an organized group in league with the activists, and it is usually their footage you see streamed online and recycled on the news: mostly innocent protestors being harassed and beaten by police.

The police indeed have tear-gassed and beaten people; there has been brutality. It is equally true, but featured less prominently in the news coverage, that activists spend hours every night menacing and setting fires to police stations and other institutions: City Hall, Immigration and Customs Enforcement headquarters, and last week Mayor Ted Wheeler’s apartment building (until he agreed to move out). With the PRESS crew recording part of the story and the “YOU’RE NOT ALLOWED TO FILM!” crew harassing other journalists, the result can be a misleading view of the protests. It’s a revolution via the cellphone video they allow you to see. The IPC and other documentarians who are deemed sympathetic to the activists’ cause agree on certain principles. You do not show activists’ faces.

You only show activists in a defensive position: responding to, rather than inciting, violence. You enhance what can appear to be police brutality, e.g., activists defending themselves with homemade shields, often bearing the anarchist circle-A, against police. The shields are largely ineffective for personal defense, but extremely effective for optics, and that’s precisely the point. If a member of the IPC is arrested, he or she will be protected. Reporters seen as not sufficiently sympathetic to the cause—which is defined by the Ten Demands for Justice, and includes most notably the abolition of the police—will be followed, be harassed, have their notes photographed and their phones blocked or stolen. (All these things have happened to me in the last month. A photographer friend has been repeatedly doxxed and placed on a list of “enemies.”)

If you forget any of these rules, you can just refer to the handy Google spreadsheet of approved journalists and suggested behavior. The spreadsheet contains names, Twitter handles, and ways to financially support the journos who make the cut.

Read more …

No matter what side you’re on, this is quite the development.

Growing Numbers Of District Attorneys Are Out To Undermine The Law (NYP)

One reason for the surging, often protracted violence in US cities is the rise of a host of progressive prosecutors who actually tilt against law and order. The trend is most glaring in places known for their kooky left-wing politics, like Portland and San Francisco, but extreme leftists have also taken over as district attorneys in cities like Chicago and Boston. Many owe big thanks for their elections to funding from far-left fatcat George Soros. In Portland, violent “protests” have dragged on for months, thanks to the idiocy of Mayor Ted Wheeler, who let hoodlums drive him out of his own condo — but also to Multnomah County DA Mike Schmidt, who dropped charges against hundreds of people arrested for offenses like interfering with cops, disorderly conduct, criminal trespass and rioting. Schmidt also made it harder to prosecute assaults on cops.


In Contra County, Calif., outside San Francisco, DA Diana Becton will now consider looters’ “needs” when weighing criminal charges. At Politico, she and four other black, female DAs (from Chicago, Boston, St. Louis and Durham) actually slammed the very criminal-justice system they were elected to enforce — ludicrously claiming it was “constructed to control Black people and people of color” and that it’s now doing just that. The Bay City’s DA is Chesa Boudin, the son of Brink’s robbery cop-killers who was raised by radical Weather Underground leaders Bill Ayers and Bernardine Dohrn. He, too, has adopted rules making it harder to prosecute suspects. Chicago’s State’s Attorney Kim Foxx, who vowed to cut the jail population, dropped 35 percent more felony cases than her predecessor over three years (including that of alleged racial hoaxter Jussie Smollett).

Read more …

I think of Assange immediately when I read things like this.

DC PR Firm Ran Fake News Networks For Right-Wing Latin American Regimes (GZ)

A major US PR firm located just a few blocks from the White House has been caught running an industrial grade propaganda operation on social media. The information warfare blitzkrieg relied on fake accounts and pages to spread disinformation on behalf of right-wing, US-backed governments in Latin America, while deploying covert propaganda to destabilize the leftist governments targeted by the US in Venezuela and Mexico. The company behind the campaign, CLS Strategies, signed a contract to represent Bolivia’s far-right junta and provide “strategic communications counsel” in the lead-up to that country’s ostensible election. After coming to power through a US-backed military coup in November 2019, the Bolivian regime has delayed the election numerous times on specious grounds.

CLS Strategies also used its network of fake accounts and pages to push propaganda on behalf of Venezuela’s right-wing opposition and the US-backed parallel coup regime of Juan Guaidó. Some of the CLS-run Facebook and Instagram profiles even posed as disgruntled Venezuelan soldiers, and called on members of the armed forces to rebel against the socialist government. Other pages claimed to be run by disaffected former supporters of leftist leaders like Venezuela’s Hugo Chávez and Bolivia’s Evo Morales. The DC-based company similarly filled social media with disinformation demonizing Mexico’s left-wing President Andrés Manuel López Obrador (AMLO) and his party Morena, who have been under increasing attack by right-wing oligarch forces. On Facebook, the PR firm spent a staggering $3.6 million on ads to promote this propaganda.

CLS Strategies has close links to the US government. The firm employs former government officials like Mark Feierstein, who oversaw Latin America policy for the Obama White House. Feierstein also served as coordinator of Latin America activities for the US Agency for International Development (USAID), a regime-change arm that has been used as a front for covert CIA operations and spearheaded the Trump administration’s coup attempts in Venezuela. Another CLS senior advisor, David Romley, worked as a Pentagon spokesman, press attaché to the secretary of defense, and public affairs officer for the US Marine Corps. Before moving to CLS, Romley also served as vice president for communications at the German Marshall Fund, a prominent Cold War-era think tank funded by the US government and NATO that has been integral in pushing the new cold war on Russia and China.

[..] he Grayzone has reported on social media corporations’ US government-backed censorship of independent media outlets and voices critical of US foreign policy. Virtually all of Facebook’s purges of alleged fake accounts have targeted foreign governments and firms in other countries. The CLS Strategies fake news ring is apparently the first time Facebook has ever taken down a US-based operation. Facebook published a press release on September 1 acknowledging that it had removed a network of 55 fake accounts and 42 pages, along with 36 Instagram profiles…

Read more …

WaPo are his best friends.

Biden Ad About Trump Plan That Doesn’t Exist Receives 4 WaPo Pinocchios (WJ)

The truth is that the Biden campaign lied, according to The Washington Post, which awarded the campaign its maximum rating for untruthfulness over a recent ad. The ad puts a highly unfavorable spin on President Donald Trump’s executive order that created a payroll tax holiday. The order did not end the payroll tax, which funds Social Security, but deferred it. Trump’s order was accompanied by comments from the president saying that he would like to see the tax eliminated in the future and that if re-elected, he would seek to make that happen. The Biden ad claimed: “The chief actuary of the Social Security Administration just released an analysis of Trump’s planned cuts to Social Security. Under Trump’s plan, Social Security would become permanently depleted by the middle of calendar year 2023.

“If Trump gets his way, Social Security benefits will run out in just three years from now. Don’t let it happen. Joe Biden will protect Social Security.” Well, not quite. As The Post noted, Stephen Goss, the chief actuary of Social Security, was asked by four Democratic senators to respond to “hypothetical legislation” that would mandate a “zero percent” payroll tax. The senators wanted to know how long it would take for Social Security to run out of funds if no money flowed into its coffers. “I am not aware that anyone has proposed the hypothetical legislation you describe,” Goss riposted in his reply. He then said that if there was no new money flowing, the fund would run dry up in 2023.

However, Goss also said that if any new legislation used the U.S. Treasury’s General Fund instead of the payroll tax as the source of the funding to meet Social Security’s needs, which is what Trump proposed, “the projected depletion date of the trust fund reserves would be essentially unaffected by the legislation.” What this means, according to The Post, is that “Democrats ginned up a letter from the chief actuary to describe a plan that does not currently exist.” [..] “The ad cites ‘Trump’s plan.’ But the actuary’s letter says it is referring only to a hypothetical plan sketched out by Democrats.”

The Post pointed out that the Biden campaign ad misrepresents Goss’ letter. “The ad asserts that if ‘Trump gets his way,’ benefits will run out. But actually the letter says if transfers are made from general funds, no benefits would run out. That, at least at the moment, is what Trump says he would do. “That adds up to Four Pinocchios,” Kessler wrote. On its ratings scale, no whopper is a bigger lie than one that receives four Pinocchios.

Pelosi: Wrap-up smear

Read more …

The Fed will have to end itself. We’re not able.

A Rogue Institution And Clear & Present Danger To Liberty In America (Stockman)

We have never heard more gibberish, double talk, and lies from one podium than we have from Fed Chairman Powell. There is no other way to say it: The Fed has become a dangerous rogue institution that has usurped plenary power over the financial system. This is all based on implicit theories that eventually lead to a massive speculative blow-off, even as it sucks the vitality out of the Main Street economy in the interim. The implicit theory is brazenly simple: The Fed believes that relentless credit expansion fosters greater economic growth and full employment. It believes that there is no practical limit to how much debt the household, business, and government sectors of the economy can tolerate or any notable adverse trade-offs from ever-higher leverage ratios.


Self-evidently, lower interest rates foster more debt issuance. When economic growth falters for any reason, the Fed’s first action is to push rates even lower. This ratcheting process has gone on for more than three decades, and interest rates have, for all practical purposes, been obliterated. The chart below takes all the short-run bobbing and weaving out of the GDP data by showing the rolling 20-year average of annual growth. It is dispositive. By 2019, the rolling 20-year growth trend had fallen to 2.1% per annum—a figure less than half of the 4.4% level in place exactly 50 years ago.

The above dismal trend line was not for want of trying with the debt elixir. At the end of 1969, total public and private debt (blue area in the chart below) stood at $1.54 trillion, which has since mushroomed to, well, nearly $78 trillion! In exactly half a century, the level of debt weighing on the US economy attributable to all borrowers—households, businesses, governments, and financials—is up by 51X. However, at the same time, the national income or nominal GDP (red area in the chart below), which supports it, has risen by only 21X. That alone points to the skunk in the woodpile.

The debt-to-GDP ratio in 1969 stood at 1.47X, which had been roughly centered in that area for a century since 1870—an interval that saw the greatest explosion of economic growth, mass prosperity, technological progress, and accumulated wealth in human history. It happened without any increase in the national leverage ratio at all. It had remained at the golden mean of 1.5X debt-to-income throughout. Today the total debt-to-national income ratio stands at 3.47X, or exactly two more turns of debt than 50 years ago. To be sure, two extra turns of debt sounds like investment banker jargon, but the phrase captures the essence of the rot that lies at the heart of the nation’s financial system and economy. Those two extra turns amount to $43 trillion of incremental debt, which constitutes the millstone crushing economic growth and the rudiments of sustainable prosperity.

Read more …

Is Germany just out for cheaper gas?

Russians Are The Dumbest Idiots On The Planet! (Saker)

Russians are dumb. Hopelessly stupid. They are amateurs of the worst kind. Ignoramuses on steroids. Why? Well, for one, their so-called super-dooper biowarfare agent “Novichok” seems unable to kill anybody. The Russians must have realized that. This is why, when they tried to kill Skripal (after freeing him from jail) they put that Novichok thing all over the place: on the bench near Salisbury, on Skripal’s door handle, even in some bottle of perfume a local addict found in the trash. Probably all over the Skripal home, and this is why the Brits initially said that they would tear down the extremely toxic place (yet both the Skripal cat and their hamster survived – tells you how utterly useless that pretend biowarfare substance really was…). One would have thought that after this total cluster-bleep the Russians would have learned their lesson.

But no. They are clearly too dumb for that. So they decided to poison Alexei Navalnyi, a well-know “dissident”. And they failed. Again! Not only did they use exactly the same “Novichok” (or so says the German media), they allowed Navalnyi’s aircraft to make an emergency landing and the FSB did nothing to prevent an ambulance to bring Navalnyi to a hospital. Apparently, the FSB does not even have the authority to prevent such urgent treatment of the man they want to kill. Heck, they can even create a traffic jam to prevent Navalnyi from getting to a hospital. How incompetent! Even worse, these accursed Russki doctors gave Navalnyi atropine, the exact same substance the Germans gave him. Makes me wonder if these doctors were not all CIA/BND agents trying to save Navalnyi’s life…


Clearly, the FSB are also stupid: they can’t even get aircraft or doctors to obey them… But it gets worse. In spite of the fact that Navalnyi has broken the terms of his suspended sentence and in spite of the fact that such a person cannot leave the country, these Russian imbeciles allowed him to fly to Germany while his body was still full of Novichok sloshing around. All the Russians needed to do to kill Navalnyi would have been to give him a heart attack using any one of the many untraceable agents in existence (say, potassium chloride). In despair, the clueless FSB might have caused Navalnyi do die in a car “crash”. But they can’t even do that. Shame on you, FSB! And since Navalnyi is diabetic, killing him ought to be fantastically simple: just give him the wrong dose of meds and, voilà, bye-bye Navalnyi. But not, these idiots decided to use the now infamous Novichok.

Read more …

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, your support is now an integral part of the process.

Thank you for your ongoing support.

 

 

Feynman
https://twitter.com/ProfFeynman/status/1302459153768611840

Growing robot

 

 

Support the Automatic Earth in virustime.

 

Aug 282020
 
 August 28, 2020  Posted by at 9:51 am Finance Tagged with: , , , , , , , , , , , , , ,  13 Responses »


Frans Hals Two Laughing Boys with a Mug of Beer 1626 (stolen 3rd time yesterday)

 

Pelosi Says There Shouldn’t Be Any Debates Between Biden And Trump (Hill)
Trump Denounces Riots, Cancel Culture, Failed Political Class In Speech (RT)
61 Million Americans Have Stopped Commuting (ZH)
WHO Skips Wuhan During China Trip; “Sat In Beijing For Three Weeks” (ZH)
US Imposes Sanctions On Russian Institute That Developed COVID19 Vaccine (GZ)
Germany Imposes Fine For All Non-Mask Wearers In New National Crackdown (ZH)
The Fed Policies Have Become Part Of The Problem (ZH)
Subprime Mortgages Fall Massively Delinquent (WS)
Shinzo Abe, Japan’s Longest-Serving PM, Resigns Due To Health Issues (RT)
Laura Ravages Louisiana Coast With Wind Speeds Not Seen In A Century (Hill)

 

 

260,000 reads for yesterday’s Are The Tables Starting To Turn? on Zero Hedge alone so far.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nancy’s 80, and she’s losing again, in her final battle. When saying things like this, she will be seen by many people as a sore loser. Not by those who follow her anyway and anywhere, but by the undecideds. The polls say her party is losing those people. And she’s right, Biden will be hammered, but running away is not a viable option.

Most of all, if you ask me, Biden and Pelosi just look like very old and bitter people. Look at Biden!

Pelosi Says There Shouldn’t Be Any Debates Between Biden And Trump (Hill)

Speaker Nancy Pelosi (D-Calif.) said Thursday she doesn’t think there should be any presidential debates ahead of the November election, arguing Democratic presidential nominee Joe Biden shouldn’t “legitimize” a discussion with President Trump.“I don’t think that there should be any debates,” Pelosi told reporters. “I do not think that the president of the United States has comported himself in a way that anybody has any association with truth, evidence, data and facts.”“I wouldn’t legitimize a conversation with him nor a debate in terms of the presidency of the United States,” she added.


“I think that he’ll probably act in a way that is beneath the dignity of the presidency,” she said, citing what she called his “disgraceful” actions during the 2016 debates with former Secretary of State Hillary Clinton. “He does that every day,” she added. “But I think he will also belittle what the debates are supposed to be about.” Instead, Pelosi proposed that the candidates take separate stages and answer questions about their policies in a “conversation with the American people” instead of “an exercise in skulduggery.” But she acknowledged that the Biden campaign “thinks in a different way about this.”

Read more …

Take from RT. I’m pretty sure CNN’s take is slightly different.

Trump Denounces Riots, Cancel Culture, Failed Political Class In Speech (RT)

Speaking at the finale of the Republican National Convention, President Donald Trump doubled down on American exceptionalism and once again painted himself as an outsider fighting the Democrats and the entrenched establishment. The speech went on for over an hour, much longer than Joe Biden’s address a week ago at the Democratic convention. But whereas Biden spoke in an empty auditorium in Milwaukee, Trump spoke outside the White House, in the wilting heat of late summer in Washington, DC – and in front of more than a thousand people. In the absence of a formal party platform, Trump defined the Republican position for 2020 as undoing the damage done by the establishment; defending law and order from mobs and anarchy; fighting ‘cancel culture’ and making American great(er) again.

Though the tone of it was uneven – at times a campaign rally, at other times sounding like a State of the Union – and Trump was visibly running out of steam by the end, the underlying message was crystal clear. Time and again, Trump hammered Biden and the Democrats on the difference between their accomplishments during decades in power, and his over just one term. “We have spent the last four years reversing the damage Joe Biden inflicted over the last 47 years.” Trump painted Biden and the Democrats as globalists beholden to China economically, destroying American jobs and industries, opening the borders and starting endless foreign wars – which he was trying to end.

“How can Joe Biden claim to be an ally of the light, when his own party can’t even keep the lights on?” Trump joked, bringing up last week’s power outages in California – but it was also a dig at the theme of Biden’s speech last week, and the efforts by the media to accuse Republicans of being “dark and divisive.” “At no time before have voters faced a clearer choice between two parties, two visions, two philosophies, or two agendas,” Trump said. “This election will decide whether we save the American dream or whether we allow a socialist agenda to demolish our cherished destiny.” Democrats, Trump argued, see America as a wicked nation that must be punished for its sins, with giving them power as the only path to redemption. Yet Republicans – and most Americans, he argued – look to god for salvation, not politicians.

[..] Throughout, Trump cast himself as the outsider who left behind his comfortable life to battle the “failed political class” in Washington. He has done so with mixed success, dealing with brutal political intrigue, hostile media, endless lawfare, congressional gridlock, the ‘Russiagate’ probe and even an impeachment. But as he himself quipped, pointing to the White House, “we’re here and they’re not.” Even after four years of that, and an hour in the brutal heat of an August evening, Trump seemed ready, even eager, for more. Democrats may have believed the media and the polls to think this election was in the bag, but it isn’t – not by a long shot.

Read more …

I’m trying! I am! I’m trying to feel stupid for thinking that it’s great we finally found a way to make people NOT drive a car an hour+ every day that is 20x their weight and uses less than 10% of the energy effectively that moves it forward. I’m trying to feel stupid because, I know, the economy!

61 Million Americans Have Stopped Commuting (ZH)

A new survey from ValuePenguin.com, commissioned by LendingTree, found 61 million Americans have stopped commuting to work due to the virus-induced recession. The reduction of motor vehicles on highways will result in deep economic scarring across the entire economy. “The coronavirus has upended nearly every aspect of life in the United States, and Americans’ driving behavior and commutes are no exception. ValuePenguin surveyed drivers to see how their habits have changed. We found a large number of drivers are no longer commuting to the office, whether because they are working from home or have lost employment due to COVID-19.” -ValuePenguin. The survey found three in 10 respondents with motor vehicles are no longer making the daily commute to work in a post-COVID-19 world:


“About three in 10 consumers with a motor vehicle said they no longer have a commute due to COVID-19, either because they’re working from home (19%) or they temporarily or permanently lost their jobs (10%). On the other hand, 26% are back to their daily commute as of August, including essential workers (17%) and those whose employers reopened their offices (9%). (The remainder don’t have commutes either because they worked from home prior to the pandemic, or they were not working prior to the pandemic.)” -ValuePenguin [..] The decline in travel has resulted in respondents making fewer trips to the gas pump. Almost a third said they’re driving every day, compared to 50% of drivers pre-pandemic. The number of respondents who fill up their tanks every week dropped by 26% in August versus before the pandemic.

Read more …

Can we close them down now, finally? I get the point behind having a global health organization, but this is not that point. The WHO should have loudly denounced not being able to access Wuhan a long time ago.

WHO Skips Wuhan During China Trip; “Sat In Beijing For Three Weeks” (ZH)

A delegation from the World Health Organization tasked with investigating the origins of COVID-19 failed to go to Wuhan, China – ‘ground zero’ for the pandemic, and instead “sat in Beijing for three weeks” according to a senior US official, who told the Financial Times that Western governments are skeptical over China’s commitment to identifying the origins of the pandemic. “Any chance of finding a smoking gun is now gone,” the official continued. Though we’re not sure what any team of investigators would find after China blocked international epidemiologists for eight months after the outbreak began. Australian MP Dave Sharma told the Times: “The international community is right to have serious concerns about the rigour and independence of the WHO’s early response to this pandemic, and its seeming wish to avoid offending China.

“If this allegation is proven, it is another disturbing incident of the WHO — which is charged with safeguarding global public health — putting the political sensitivities of a member state above the public health interests of the world, in the critical early stages of this pandemic. We are all now bearing the immense costs of such a policy.” The WHO, meanwhile, says that the three-week visit was ‘merely laying the groundwork in advance of a full international mission,’ but gave no indication when this might happen. “After initially bristling at calls from Australia, the US and other countries for a probe into the outbreak, which has claimed more than 800,000 lives, Chinese president Xi Jinping in May endorsed a WHO-led inquiry.

But the WHO resolution “to identify the zoonotic source of the virus and the route of introduction to the human population” — which was backed by more than 130 countries — has been dogged by concerns over transparency and access.” -Financial Times. “A two-person WHO team has recently concluded its three-week assignment in China to lay the groundwork for an investigation into the source of the virus. This was in advance of the full mission, therefore, there are no ‘results of the WHO’s recent mission’ to share.”” said the UN agency in a statement last week.

Read more …

Like Russia cares. But shouldn’t we seek cooperation in things like this?

US Imposes Sanctions On Russian Institute That Developed COVID19 Vaccine (GZ)

The Russian government announced this August that it had registered the world’s first Covid-19 vaccine, called Sputnik V. Sputnik V was developed by the Russian Health Ministry’s Gamaleya Research Institute of Epidemiology and Microbiology. This scientific facility created the vaccine in a joint research project with the Russian Defense Ministry’s 48th Central Research Institute. On August 27, the US Commerce Department imposed sanctions on Russia’s 48th Central Research Institute, blacklisting the scientific body. While Russia took a state-led approach to create a coronavirus vaccine, the Trump administration announced a “public-private partnership” in May.


The program, called “Operation Warp Speed,” saw the US government dole out billions of tax dollars to Big Pharma companies. The Trump administration awarded massive contracts to private corporations like Novavax, Pfizer, and Moderna, while Trump reportedly offered “large sums of money” for exclusive rights to a vaccine being developed by a German firm so it could be sold for profit. But the US public-private partnership was unable to develop a vaccine before foreign countries with government-led research efforts did. Besides Russia, a state-owned Chinese company says its vaccine will be ready by the end of 2020, while Cuba is doing clinical trials for a vaccine of its own.

Read more …

It would really help to know what this mask mandate entails. Does it include people outside? In their own homes? These are important details.

Germany Imposes Fine For All Non-Mask Wearers In New National Crackdown (ZH)

It should surprise nobody that this happens first within the EU. While much of the world takes to mask-wearing more out of a social and health consciousness “most people are on board” type attitude, the government of Germany has announced fines as punishment for people not wearing them. Chancellor Angela Merkel announced during a virtual meeting Thursday with state governors that almost the entire country will be under a 50 euros minimum ($59) fine for breaching the national mask mandate. After the meeting it was announced that all federal states except the east’s Saxony-Anhalt agreed on setting a minimum fine. In her comments Merkel also urged Germans to stay home “wherever it is possible” and avoid traveling to “hot spots” like the United States. Berlin also agreed to impose a strict limiting on gatherings.


Not only have many major public events been canceled outright, but police are enforcing a ban on private parties of more than 25 persons. Large public events will not return until 2021. The new stringent measures including the mask fines go into effect by the end of the day Thursday. This also as most German schools are now back in session, though there’s been a handful of closures due to new coronavirus cases. It’s part of a broader initiative proposed by German health officials to crackdown on people flouting social distancing measures amid the pandemic, even though in recent weeks authorities say coronavirus clusters are due mainly to incoming vacationers. Germany’s confirmed COVID-19 numbers have been on the whole relatively low compared to other Western nations, at about 240,000 out of a population of 83 million.

Read more …

You sure it shouldn’t read they ARE the problem?

The Fed Policies Have Become Part Of The Problem (ZH)

In one of the most overt criticism of the Fed we have read to date, [Rabobank’s Philip] Marey writes that “while the Fed’s step to make the inflation target “more” symmetric may benefit the wages of the average American somewhere beyond 2022, it does not really address the deeper problem with the role the Fed is playing in the US economy. It could be argued that the Fed’s policies have become part of the problem, instead of the solution.” And, as the Rabobank strategist suggests, “at least this should be a topic for debate in the FOMC, instead of talking a whole year about whether to use an average or not.”

To this all we would add is that the Fed should take a long, hard look at its prefered metric of core PCE: as we have repeatedly explained in recent years, the Fed continues to purposefully undercount inflation, and on top of that, it now has openly said it will disregard the politically palatable core PCE/CPI number just so it can continue blowing an asset bubble of epic proportions. It was Marey’s conclusion however that was the piece de resistance:

“The much deeper problem for the US economy is the asymmetric impact of Fed policies on households and businesses. The Fed’s monetary and regulatory policies have contributed to a form of capitalism where the rewards are going to the 1% and the risks are borne by the 99%. The current crisis response has made it painfully clear again that the Fed’s policies benefit high income individuals and large corporations, while small businesses and low income individuals bear the burden. While the Fed likes to see itself as part of the solution to America’s economic problems, it should ask itself whether it is also part of these problems.”

Read more …

The amounts of leverage everywhere in the system makes a price decline of 10-20% an absolute catastrophy.

Subprime Mortgages Fall Massively Delinquent (WS)

The Federal Housing Administration (FHA) prides itself in insuring subprime mortgages with, as it says, “low down payments,” “low closing costs,” and “easy credit qualifying” – all true. Of its active portfolio of 8 million mortgages that it insures, 17% were delinquent in July, the highest rate in FHA history. In many metros, the delinquency rates of FHA mortgages are above 20%; and in two metros, the delinquency rates exceed 27%. The delinquency rates include mortgages that were delinquent and then entered a forbearance agreement with the lender, where the lender agreed to not pursue its rights due to nonpayment of the mortgage.

During the term of forbearance – six months, under the CARES Act, extendable by another six months – the borrower isn’t making payments, but the missed interest and principal payments are added to the mortgage balance and will need to be paid somehow. A FICO credit score below 620 is considered “subprime.” The FHA insures mortgages of borrowers with credit scores well below that. • If the borrower has a credit score of at least 580, the FHA will accept down payments of only 3.5%. • If the FICO score is below 580, no problem, but then down payment is 10%. Many of the people whose mortgages the FHA insures have lost their jobs or had had their hours or work reduced. In terms of the lenders, the good thing is that they don’t carry the risk. The FHA and thereby the taxpayer carry the risk.

In terms of the taxpayer, the good thing is that home prices have risen in many markets in recent years, and are rising there right now, and that many fallen-behind homeowners can sell their home and pay off the defaulted mortgage with the proceeds from the sale, and maybe have a little cash left over. And if the home goes into foreclosure because the proceeds wouldn’t have been enough to pay off the mortgage, the losses would be relatively small. The widespread home price declines that occurred during the subprime crisis of Housing Bust have not happened yet. And that’s why at the moment no one is panicking about these sky-high delinquency rates. But when millions of homeowners cannot make the mortgage payments and have to put these millions of homes on the market – forced sellers – they trigger a sudden surge of supply of homes for sale, and the entire supply-and-demand equation, and thereby the pricing environment, are going to change.

Read more …

No more Abenomics would be a plus.

Shinzo Abe, Japan’s Longest-Serving PM, Resigns Due To Health Issues (RT)

Prime Minister Shinzo Abe, who led Japan for eight consecutive years, has said he is stepping down hours after he informed his ruling coalition that he was suffering from health issues. Explaining his decision earlier in the day, Shinzo Abe said he feared the illness would affect his decision-making. “I will not be able to make proper judgments due to illness,” the outgoing premier clarified, as quoted by Kyodo news agency. Abe has been suffering from ulcerative colitis, an inflammatory chronic disease, for many years. The prime minister himself revealed that his condition started to worsen around the middle of the last month, possibly prompting him to consider stepping down.


Moving on, Abe apologized “from the bottom of my heart” to his fellow countrymen, adding that he didn’t want his resignation to cause trouble for Japan’s domestic politics. With his eyes getting misty, the prime minister said it is now up to the Japanese to judge his legacy. He noted that his administration had created four million jobs while keeping the economy going. Meanwhile, local media reported that he will continue to serve as prime minister until a new leader is chosen, thus avoiding the need to appoint an acting premier. Abe’s ruling Liberal Democratic Party (LDP) is reportedly set to arrange a leadership election next Thursday.

Read more …

Seems to have been okay so far?!

Laura Ravages Louisiana Coast With Wind Speeds Not Seen In A Century (Hill)

Hurricane Laura made landfall as a powerful Category 4 hurricane early Thursday morning packing 150 mile-per-hour winds and bringing a storm surge with the potential to inundate coastal areas of western Louisiana to the Texas border with up to 20 feet of water. Laura made landfall around 1 a.m. near Cameron, La. The 400-person community is more than 30 miles east of the Texas border. Around 7 a.m. CDT, the storm was centered near Leesville, La., roughly 100 miles north of the Gulf Coast. The storm ties with a hurricane from more than 160 years ago as the strongest storm to hit the region. A hurricane called “Last Island” made landfall in Louisiana as a Category 4 storm with 150 mph winds in 1856, according to CNN.


Laura weakened to a Category 2 hurricane after making landfall but still packs sustained winds of more than 100 mph and will continue to produce heavy rain and flash flooding that are not expected to recede for several days. Government officials had warned people to find safety and get out of harm’s way as the storm approached. More 500,000 people in the storm’s path in coastal Texas and Louisiana were under evacuation orders, although as many as 150 people in Cameron Parish, where the hurricane came ashore, ignored the orders and were unreachable as of Thursday morning, according to The Associated Press. “This is a time for all of us to be praying for the best, while we’re prepared for the worst. God bless you and your families,” Louisiana Gov. John Bel Edwards (D) tweeted just before the storm made landfall.

Read more …

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, your support is now an integral part of the process.

Thank you for your ongoing support.

 

 

 

 

Support the Automatic Earth in virustime.

 

Aug 252020
 


Robert Capa Model wearing Dior on the banks of the Seine, Paris 1948

 

Pelosi Calls Republicans ‘Domestic Enemies Of The State’ (ZH)
UK Lockdown Was A ‘Monumental Mistake’ And Must Not Happen Again (Exp.)
Let’s Follow the History of Science Instead (AIER)
New York University To Implement Racial Segregation In Student Dorms (WSWS)
Is The Euro Living On Borrowed Time? (Brown)
Powell Set To Deliver Speech Changing How The Fed Views Inflation (CNBC)
Exxon Mobil Dropped From The Dow After Nearly A Century (CBS)
1 In 3 Cars Worldwide Is Produced In China (ZH)
Greece, Turkey Heading For New Crisis (K.)
Biblical Travails (Jim Kunstler)
UN World Food Program Seeks To Prevent ‘Famine Of Biblical Proportions’ (ZH)

 

 

Calling your political opponents “enemies of the state” is not done even in 2020 America.

 

 

 

 

 

 

 

 

 

 

 

 

Way over the line. There are still things you can’t say even in the 2020 US.

And you thought Biden was dementing…

Nancy, you’re 80. Call it a day.

Pelosi Calls Republicans ‘Domestic Enemies Of The State’ (ZH)

House Speaker Nancy Pelosi (D-CA) raged against President Trump and Congressional Republicans on Monday, telling MSNBC that they’re “domestic enemies” of election integrity and “enemies of the state.” Pelosi was speaking right after President Trump’s speech at the Republican National Convention, according to the Daily Caller. “We take an oath to protect and defend the Constitution from all enemies, foreign and domestic. And sadly, the domestic enemies to our voting system and honoring our Constitution are right at 1600 Pennsylvania Avenue with their allies in the Congress of the United States. But again, let’s just get out there and mobilize, organize, and not let the President deter anybody from voting. And again, support the postal system which is election central,” said the 80-year-old Democrat. “They’re doing everything they can; suppress the vote — with your actions, scare people, intimidate by saying law enforcement will be there, diminish the role of the postal system in all of this. It’s really actually shameful. Enemies of the state,” she continued.

Read more …

Perhaps this guy means well, but to conclude from the UK’s botched version of a lockdown that NO lockdown can work, takes away all his credibility. Phrasing matters.

And besides, buddy, you’re the government advisor here. Own it.

UK Lockdown Was A ‘Monumental Mistake’ And Must Not Happen Again (Exp.)

Lockdown will come to be seen as a “monumental mistake on a global scale” and must never happen again, a scientist who advises the Government on infectious diseases says.Mark Woolhouse said lockdown was a “panic measure” but admitted it was the only option at the time because “we couldn’t think of anything better to do”. But it is a crude measure that takes no accounts of the risk levels to different individuals, the University of Edinburgh professor said, meaning that back in March the nation was “concentrating on schools when we should have been concentrating on care homes”. The professor of infectious disease epidemiology said that the Government must now focus on increasing testing and striving to unlock society safely rather than restricting it further.

Prof Woolhouse OBE, a member of the Scientific Pandemic Influenza Group on Behaviours that advises the Government, said: “Lockdown was a panic measure and I believe history will say trying to control Covid-19 through lockdown was a monumental mistake on a global scale, the cure was worse than the disease. “I never want to see national lockdown again. It was always a temporary measure that simply delayed the stage of the epidemic we see now. It was never going to change anything fundamentally, however low we drove down the number of cases, and now we know more about the virus and how to track it we should not be in this position again.

“We absolutely should never return to a position where children cannot play or go to school. “I believe the harm lockdown is doing to our education, health care access, and broader aspects of our economy and society will turn out to be at least as great as the harm done by Covid-19.” He said that Sage, the government’s advisory board on dealing with Covid, needed to have members from a wider range of fields.

Read more …

And here’s another genius: “..our descendants will mock us for believing masks slowed viral transmission.”

No they won’t, unless they’re as stupid as he is. Lockdowns and facemasks prevent transmission, no science is more basic than that. But you do have to use them wisely.

If you send people out into the street with mandatory masks on, then yes, they don’t prevent anything. Because there is no risk of infection there. But put them in a cramped room for a period of time, and they are very effective.

What is it with these people, is it all just about hearing their own voices, credibility be damned? Some virus got to their brains?

I’m seriously starting to wonder where the virus causes the most damage. And it doesn’t appear to be either in care homes or classrooms, but in much smaller spaces.

Let’s Follow the History of Science Instead (AIER)

Democratic Presidential hopeful Joe Biden is only the most high-profile politician to promise voters that he will “listen to the scientists,” mandate masks, and shut down the economy again if they so advise. Even the humble members of the city council of Milledgeville, Georgia invoke “science” in four pages of “whereas-es” designed to justify a largely toothless mask mandate that directly contradicts a Georgia law against wearing masks in public (except for certain holidays, presumably to deter real crime) and the enforcement of which in some places in the city of 50,000 apparently hinges on the font size of a door notice. Strange times indeed, these. One wonders why we need to elect politicians at all if they will simply defer to “the” scientists. Ah, but there be the rub. Which scientists? They don’t agree on much, especially when it comes to the novel coronavirus and masks and such.


Should we listen only to “the” scientists on the government payroll? But then wouldn’t they essentially be unelected, unaccountable dictators? That sounds vaguely undemocratic. Sticky, this wicket! Plus, last time I checked, “the” scientists have no policy expertise in economics. Perhaps that does not matter as many economists also have no policy expertise in economics. Is that the role of politicians, then? To decide which type of scientists get to dictate in different policy areas? Perhaps Biden will listen to “the” economists on spaceship design or military tactics? I would pay good money to see that! (Seriously, it would be a horribly expensive boondoggle certain to raise my taxes.) Why is it so important to “listen to the scientists” anyway? Are they suddenly less fallible than previously? Is there any science to support that belief? Because let’s face it, “the” scientists have a pretty poor track record overall.

Read more …

I’m afraid I simply don’t understand the reasoning. Black students don’t want to explain about racism? But isn’t that sort of the whole point?

New York University To Implement Racial Segregation In Student Dorms (WSWS)

Since late June, the Office of Residential Life and Housing Services at New York University (NYU) has been working closely with a small, student-led task force to make racially segregated housing a reality in undergraduate student dorms. On July 20, Washington Square News, the weekly undergraduate student newspaper of NYU, published an article titled “Student-Led Task Force Calls for Black Housing on Campus,” in which it reported on the university’s willingness to help implement residential communities open solely to “Black-identifying students with Black Resident Assistants.” Since then, the university has officially given the project a green light, aiming to have NYU’s first segregated residential floor established by Fall 2021.

A little over two months ago, a recently organized advocacy group called Black Violets created an online petition demanding that the university “implement Black student housing on campus in the vein of themed engagement floors across first-year and upperclassmen residence halls.” In its petition, the group argues that “Too often in the classroom and in residential life, black students bear the brunt of educating their uninformed peers about racism.” African American students, the group states, desperately require a “safe space” where they can escape from students, staff and faculty of other races. There are over 20 Themed Engagement Communities at NYU, with themes ranging from film, literature and theater to technology, science and foreign languages. All floors are open to all students, who request residency on a specific floor prior to the start of the academic year.

The approval of a Themed Engagement Community open to students based on their race is new at NYU. However, it is not the first time that the Office of Residential Life and Housing Services has considered such a proposal. In 2002, an NYU senior submitted a plan to develop race-based housing for African American students, claiming that “such a housing program would unite African American students on campus” and better combat racial discrimination. This proposal was eventually rejected by the university after a brief review and discussion.

Now, despite signs of minimal support from the undergraduate student body—the online petition has garnered a mere 1,105 signatures out of the 26,733 total undergraduates currently studying at NYU—the proposal for race-based housing has been warmly welcomed by the university administration. There is nothing progressive about the establishment of racially segregated housing at NYU. It is irrelevant whether the segregation being implemented is voluntary or mandatory. Racial segregation, in all forms, is entirely reactionary. The vile argument advanced in the proposal is that all non-African American students, staff and faculty are, to varying degrees, hostile and dangerous to African American students. Their animosity stems from an inherent antipathy towards individuals of different races.

Read more …

“Investors” gamble on gold, they gamble on the euro. And they feel confident they’ll be able to get out on time. Basic, really. Pump trillions into “markets” and this is what happens.

Is The Euro Living On Borrowed Time? (Brown)

Given the way the euro has been rallying in the foreign exchange markets over the past three months, you would be forgiven for thinking the currency has become a beacon of stability in uncertain times. You couldn’t be further from the truth. The rebound in the euro is simply the flip side of the US dollar being undermined by growing uncertainty about the upcoming US presidential election in November and how the US authorities are coping with the coronavirus crisis. Global investors are simply taking time out from long dollar exposures, and euro bulls are simply filling a temporary void. It won’t last long. The euro is living on borrowed time and the deepening monetary muddle in Europe won’t help the currency once the dust settles on the US elections.

The euro looks overvalued and a prime target for an ambush later this year. Europe’s monetary pacesetter, the European Central Bank, seems to be fighting a losing battle, struggling to keep the European economy from slipping into a deeper recession. The more policy stimulus the ECB throws into the ring, the greater the damage to its monetary reputation, and to little avail so far. Despite close to 3 trillion euros of assets purchased so far under the ECB’s quantitative easing programme and interest rates steeped in negative territory, the economy of Europe is showing precious few signs of a return to normality. Europe’s three biggest economies, Germany, France and Italy, are all stuck in recession with little chance of output reaching pre-pandemic levels until 2022. Rumblings about throwing too much good money after bad are no surprise. The ECB’s defence is that it has no alternative, otherwise Europe might suffer an even worse fate.

Germany has given up the ghost on trying to control the ECB’s monetary excesses. There seems to be a palpable sense of “if you can’t beat them, join them” for the sake of presenting a united front and avoiding a damaging public row. In the pre-euro days, tough Bundesbank policies and the strong Deutschmark were solid anchors of the European monetary system, implacable yardsticks which helped other European countries govern their own performances. [..] The worry for markets is that the triple-A-rated ECB’s vaults are bursting with a surfeit of lower-quality debt from nations like Italy, Spain, Portugal, Greece and Ireland, countries which have required support in times of market stress in the aftermath of the 2008 crash. Like in the US subprime crisis, it’s fine while the charade lasts, but once confidence begins to wobble, that is where the danger lies.

Read more …

The Fed is going to try its hand at Abanomics?! Didn’t work for Japan. Remember, to raise inflation you need to raise the velocity of money. Which today meanns you have to raise the velocity of trillions of added dollars. Good luck with that.

Powell Set To Deliver Speech Changing How The Fed Views Inflation (CNBC)

History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon, with the former taking desperate actions to try to tamp it down and the latter expected this week to announce an unprecedented effort to crank it back up. Volcker, the Federal Reserve chairman from 1979-87, ushered through a series of inflation-busting interest rate hikes that dragged the country into recession but won the fight against pricing pressures and spurred a powerful economic recovery. Powell, the central bank chief since 2018, is likely to detail a set of measures aimed at pushing inflation higher amid a coronavirus pandemic that has dragged the U.S. economy into one of its darkest hours.

While the average consumer might find it absurd to want to raise the cost of living, central bankers and economists see too little inflation also as a problem. It often reflects a slow-moving economy with a low standard of living. On top of that, the accompanying low interest rates give policymakers little wiggle room when crises happen and there’s a need to loosen policy. That’s why Powell, who will speak Thursday during a virtual version of the Fed’s annual Jackson Hole, Wyoming, conference, will outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level. The speech is titled “Monetary Policy Framework Review” and wraps up a yearlong examination both among central bank officials and with the public, during a series of open events, on what policy should look like in the future.

“The expectations are pretty high to get something meaningful on Thursday,” said Tom Graff, head of fixed income at Brown Advisory. “This is probably a historic speech.” One phrase Powell is likely to use is “average inflation” targeting. Simply, it means that the Fed, which has pegged 2% as a healthy level, will let inflation run higher than that for a while if it has spent a considerable time beneath that level. The Fed’s preferred inflation gauge has stayed below that level for all but two years since the Great Recession ended in mid-2009. It’s a mirror-image reversal of Volcker’s inflation-busting and sets the stage for a pivotal policy move.

Read more …

“In the 1980s, energy companies made up as much as a quarter of the Dow. After Exxon’s exits on Monday, energy will account for just 2% of the index.”

Exxon Mobil Dropped From The Dow After Nearly A Century (CBS)

Exxon Mobil, which joined the Dow Jones Industrial Average in 1928, is being removed from the blue-chip stock market index. Its replacement: enterprise software company Salesforce.com. Also leaving the index are drug company Pfizer and airplane and defense contractor Raytheon Technologies. They are being replaced by biotech Amgen and manufacturing conglomerate Honeywell. S&P Dow Jones Indices, the company that administers the index, announced the changes, which will take place August 31, on Monday. The index provider said the changes were necessary to make up for Apple’s impending stock split, which becomes effective the same day.

The Dow Jones is a stock-price-weighed index. Apple’s stock split, which will take the company’s shares to roughly $120, from $500, would have cut the Dow’s exposure to the technology sector. Monday’s changes would also help the Dow “add new types of businesses that better reflect the American economy,” the index company said. Energy giant Exxon Mobil joined the Dow 92 years ago as Standard Oil of New Jersey, and it’s the oldest member of the index. The Dow’s last original member, General Electric, was removed in 2018. Exxon Mobil was the most valuable company in the United States for much of the early 2000s and as recently as 2011, when it hit a market value of just over $400 billion. Apple overtook Exxon in 2012, and much of the technology sector followed.

Earlier this month, Apple’s market value topped $2 trillion, making it the first U.S. company to reach that milestone. Meanwhile, Exxon’s market value has sunk to $175 billion. The company has been plagued in part by claims that it deliberately concealed the damage that the oil it has long extracted and refined into gasoline was doing to the planet. [..] In the 1980s, energy companies made up as much as a quarter of the Dow. After Exxon’s exits on Monday, energy will account for just 2% of the index.

Read more …

A loss of 40% in 5 years. Wow.

1 In 3 Cars Worldwide Is Produced In China (ZH)

Almost one in three – or 32 percent – of all cars produced worldwide in 2019 came out of China. As shown in numbers by the automobile manufacturers’ association OICA, the world manufactures less cars than it did in 2014, but, as Statista’s Katharina Buchholz notes, several Asian markets actually were able to grow their production volumes. India exhibited one of the biggest increases – almost 15 percent in five years to 3.6 million cars annually.


The biggest decrease in production hit the ailing U.S. car industry, which lost 40 percent of its domestic production between 2014 and 2019. Germany also make less cars at home, but German manufacturers like Volkswagen are a part of the rising Chinese production. In 2019, the Chinese market accounted for around 39 percent of Volkswagen’s total sales. Shifting production sites are only one aspect of the internationalization of the car industry. Know-how also migrates with production [..]

Read more …

Erdogan has ever less to lose. His popularity at home is decreasing fast, with the lira in the gutter. Greece’s friends better start raising their voices.

Greece, Turkey Heading For New Crisis (K.)

Just when it seemed that Greece and Turkey were entering a phase of de-escalation, the two countries appeared on Monday to be heading for another crisis in the Eastern Mediterranean. The decision by Ankara for an extension of the duration of exploratory activities by the Oruc Reis survey vessel in areas within the Greek continental shelf prompted a response by Athens with Tuesday’s aeronautical exercise that begins on Tuesday at dawn over a large area from the south of Kassos to the south of Kastellorizo. The exercise will take place in areas included in the navigational advisory, or Navtex, issued by Turkey for the Oruc Reis within the Greek continental shelf. The exercise will last until Thursday night.

Turkey’s move to extend the activities of the Oruc Reis essentially raises obstacles to the German mediation effort which continues on Tuesday with visits to both Athens and Ankara by German Foreign Minister Heiko Maas. Meanwhile, tensions were further augmented on Monday night by Turkish President Recep Tayyip Erdogan, who issued direct war threats against Greece, which he said is being “deceived” by other countries into pursuing the course of action it is taking. “When an issue arises in the future, then these forces will disappear and Greece will be left alone,” he said, adding that “from now on, Greece will be responsible for all conflicts in the region and it will be at a disadvantage.” He also described the aeronautical exercise announced by Athens as “useless” and dangerous for navigation.

Shortly before Erdogan’s remarks, Ankara announced new exercises off southern Crete for Tuesday morning, in an area several miles south of the prefecture of Lassithi. The area is located approximately on the borders described in the Turkey-Libya maritime borders memorandum. At the same time, Athens is building a network of important military collaborations, as joint exercises are also expected with French Rafale jets based in Cyprus.

Read more …

Conflicting stories about the violence. Kenosha was a hellhole again last night. At some point, Trump will have to act. And that’s what the Dems are hoping for.

Biblical Travails (Jim Kunstler)

Could the country even stand another full-on political convention after the Democrats’ nauseating extravaganza last week? The nation is so marinated in agitprop, disinfo, and straight-up mendacity that all the intelligence has been leached out of population, perhaps even the will to live. A Republican convention complete with the usual showboating might deplete the remaining oxycontin supply across the land as unemployed millions, mulling over rents overdue and unmet car payments, resort to vodka, Xanax, cough syrup, and airplane glue to quell the pain induced by unbridled political bullshit. As BLM might put it: “Know whum sayin’?

Speaking of BLM, Sunday one Jacob Blake, 29, was apparently shot in the back by police in Kenosha, Wisconsin, while getting into a car. The incident inspired a night of BLM rioting and looting in downtown Kenosha, with excellent prospects for violence to spread to other cities. Mr. Blake was hospitalized and survives, so far. He was not complying with police instructions in the process of his arrest. He had been previously arrested in 2015 and charged with brandishing a gun in a barroom. Upon his arrest then, the gun was found on the floor of his car. In the latest incident, Kenosha police were responding to a domestic abuse complaint. There was an active warrant out on Mr. Blake.

Also over the weekend, police in Lafayette, Louisiana, shot and killed 31-year-old Trayford Pellerin outside a convenience store he was entering while brandishing a knife. They had followed him from another convenience store in the vicinity where he “created a disturbance with a knife.” Mr. Pellerin apparently refused to comply with police orders to get on the ground. Ben Crump, a civil rights lawyer hired to represent the Pellerin family during the investigation into the shooting, said, “His family believes that he was suffering a mental illness crisis and what he needed was a helping hand. But what he got was what looks like 11 bullets.” His mother told the Associated Press that Mr. Pellerin had sought therapy for social anxiety.

Read more …

A line used so much people have become immune to it.

UN World Food Program Seeks To Prevent ‘Famine Of Biblical Proportions’ (ZH)

While virus cases and deaths dominate headlines, other humanitarian crises also need attention, that is, an emerging “famine of biblical proportions” that threatens much of the world, United Nations World Food Program (WFP) Director David Beasley told TASS News last weekend in an interview. Beasley said the WFP is requesting $5 billion in emergency funds within the next six months that will help in the effort to thwart a global famine. “All the data we have, including WFP’s forecast of an 80% increase in the number of food-insecure people – from 140 million before the pandemic to 270 million by the end of this year – points to a real catastrophe, a famine of biblical proportions, “he said.

The dramatic rise in the number of people who don’t have the means to feed themselves because of depressionary unemployment, supply chain breakdowns, and crop failures is set to cause long-term economic damage that could prevent a vibrant economic recovery. Beasley said, “it is clear that social tensions will escalate, migration will increase, conflicts will expand, and hunger can affect those who have not experienced it before.” Even in the US, a developed world economy, tens of millions of folks have gone hungry, now relying on government aid and food banks for survival. He noted that countries in the 2008 financial crash with a “stronger social protection system” were less impacted by famine.

WFP projections show significant increases in malnourished people in Latin America, countries in Eastern and Central Asia, and Sub-Saharan Africa, had a doubling of the number of people going hungry in a short period. “World hunger is already sky-high, and if we do not act immediately, many will die, children will suffer the consequences of malnutrition for many years to come, and the whole world will be thrown back, having lost all the gains in the fight against hunger of the last decade. Will be incredibly high, we need to act quickly and wisely, balancing immediate relief and long-term recovery,” Beasley said. He added: “WFP’s mission is to provide food to 138 million people in 2020, the largest humanitarian operation in history. And this unprecedented crisis requires an incredible amount of money.”

Read more …

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, your support is now an integral part of the process.

Thank you for your ongoing support.

 

 

 

 

Support the Automatic Earth in virustime.

 

Aug 102020
 


Cy Twombly Fifty Days at Iliam: Like a Fire that Consumes All before It 1978

 

 

Might as well call it a social experiment. Any other name, like “coup” or “fishing expedition” or “hookers peeing on a bed” or “justice being done” would just inflame “passions” and lead away from what should be the actual topic.

Whatever you call it, the fact remains that Donald Trump has been the first US president to be under continued investigation for the entire 4 years of his first term, and for about a year before it as well. And that should be a cause for alarm for anyone who cares even a little bit about the American political system, including those who abhor Trump. Because once you do that, it’s no longer about just one president, it’s about all who will follow him, and inevitably about the integrity and validity of the system as a whole.

In principle, there should be no investigations of a sitting president, and not even of a presidential candidate, because this risks endangering 1) the entire electoral process, and 2) the Office of the President (not for once, but for ever). In principle. If there must be an investigation, it must be based on solid evidence available beforehand, it must be short, and the President must be removed. If all of these three things are not guaranteed, no investigation is warranted, and the accusing parties should be “liberated” from the positions they held when they initiated the investigation regardless. Skin in the game.

 

 

It gets increasingly harder to write about American politics, or express an opinion in any other way, without being dumped into one of two camps, never to be heard from again in the other (except for ridicule or slander). There is no such thing as a neutral or objective viewpoint anymore. You’re either with us or you’re against us – or them.

Seeing -and projecting- the world in black and white is a tempting proposal for anyone afraid of being confused; it should, however, never be an excuse for the media to not present its viewers and readers with a full color palette. But we can see every single day how that went. Black and white it is. And in that environment, too claustrophobic to be put in a box, I might as well paint the picture as I see it. Yes, in color.

 

The “social experiment” I see progressing has two parts:

1) can a political party, aided and abetted by the media and intelligence services, unseat an elected president it has just lost an election to?

2) can a presidential candidate be elected while shunning the media, debates, etc., and only appear at times and in forms that have been pre-selected by her/his handlers for maximum effect, while hiding his/her weaknesses?

 

As for no. 1, it has evidently not succeeded, but that is certainly not for lack of trying. One investigation has followed the other non-stop since 2016, in public and behind the scenes, and they have all come up empty. Of course one side would contest that and still say there was lots of evidence, but if so, it obviously wasn’t very strong, or Trump would have been gone.

People may also claim that the mandate of the Mueller investigation was too narrow, but really, go back and watch the man’s pathetic (sorry, but it was) testimony in Congress after the fact, that should be enough. Adam Schiff and Jerry Nadler and others have promised solid and inconvertible evidence many times, but we never saw any. Rest assured, whatever Trump may have done wrong, you would have heard about it by now.

Or to put it another way: he probably did many things wrong, but not the things he was accused of. In fact, the entire Putin puppet narrative is so idiotic it’s impossible not to ponder from time to time that it was designed from the get-go to support Trump, not hurt him.

As for no. 2, that looks even more experimental. The approach is helped along “wonderfully” by the pandemic, which provides plenty excuses to keep Biden hidden, but it goes against everything presidential campaigns have been built upon throughout American history: contact with voters. That very few people would believe Biden is his own man, and not a sock puppet, can’t help.

But there is more at stake. Presidential campaigns are one element of a much bigger process, and you can’t separate the two. Both parts of the “social experiment” seem to run afoul of the respect that bigger process, and ultimately the entire political system, necessarily demands from all participants, from an individual voter to a President. And that is much more important than either candidate. You can’t temporarily switch off that respect if and when that might suit your purpose, because you risk for it never to be switched on again.

 

You may dislike a presidential candidate, perhaps even intensely so, but that should never make you lose sight of the integrity, if not the sacredness, of the election process, of the political system, of the institutions, of the Constitution, and certainly not of the Office of the President of the United States. Because once you do that, you open the door for everyone to do the same in the future. And no, you can’t blame that on the candidate you don’t like, you do it.

When a candidate is selected through the primaries of his/her party, you must respect that, because if you don’t respect the process, you are lost, the system is lost, and there’s no telling when you’ll see it back, if ever. If that candidate is then elected President, a lot of doors that before allowed you to question and criticize him/her, should be closed. The country at that point has either a new President, or a second-term one. A different phase of the political process starts.

The House and the Senate become the critics, empowered by the system to hold the President accountable. But only the House and the Senate. Not the media, whose role it is, other than in the occasional opinion piece, to report on decisions made; not intelligence services, whose role it is to serve the country, and the new President it just elected; and not the opposition party, whose role it is to prepare for the next election, and to provide a degree of counterbalance, depending on how bad their loss was, on Capitol Hill.

The entire picture is crystal clear. So is everybody’s role in it. But now and then people -try to- refuse to accept their roles, obviously believing that they are more important than the integrity of the political system, and ignoring that in doing so they put the whole system at risk.

 

What was happening first became apparent in late 2015 – early 2016, when the New York Times began running multiple stories every day directed against Donald Trump. Mostly small bits, based on innuendo about his past, with a whiff of truth perhaps, but not more. The word “gratuitous” comes to mind. At a certain point, they did a dozen per day of the stories, it became assembly line work for the writers and editors..

The Washington Post chimed in, and so did CNN, MSNBC and others, including international press. It turned into a feeding frenzy, with all of them completely losing sight, voluntarily or not, of their roles as news providers. They all shape-shifted into opinion-only-makers, confident that their audience would not notice the difference, at least not at first. At that point it became a very Pavlovian thing.

Which is why I was initially going to name this essay “Trump vs Pavlov”. 100+ years ago, Ivan Pavlov “found” that if he rang a bell in front of a dog, and then gave her food, she would start to associate the two. When he increased the time-lapse between first, the bell, and then, the food, the dog would salivate in expectation of food at just the sound of the bell. In the end, all he had to do was ring the bell, with no food around, and the dog would salivate. So he had nothing to offer, no food, no substance, but the reaction was the same.

That is a very accurate description of what a large part of the US media have done -and become-. All they have to do at this point is mention Trump, or just show his picture, and their public will react the same every single time: Orange Man Bad. There doesn’t have to be any substance, any factual journalistic reports of wrongdoing. The “conditioned reflex” as Pavlov described it, has set in.

And their readers and viewers have become addicted to this. How could they not? They’ve been bombarded with 1000s of these bells ringing, and the substance may not be there, but the expectation of it is. If you’re a regular viewer of Rachel Maddow, what are the odds that your opinion is still your own after hearing RussiaRussia a million times? The only way it could be yours is if you switch her off.

I’ve written before that I don’t even think they really set out to do this. Initially, there were probably just some CEOs and owners and editors who didn’t like Trump and/or were affiliated in one way or another with the other party -and later candidate-. Who was counted on to win big anyway, so why not (well, because of the integrity of the political system!).

It was only later that they found out 24/7 anti-Trump “reporting” was a great business model for them. CNN was dying in early 2016, the New York Times was nor far behind, and all of a sudden numbers of viewers and readers and subscribers went through the roof.

Their problem is that if they succeed in making Trump lose in November, they will be back to where they came from before he appeared on the political scene. All of their “reporting” on US politics has devolved into a scheme based on ringing a bell, and on the scandal and anger their non-stop salivating audience have become addicted to, and mistake for substance.

If Joe Biden should win, that scheme is dead. They may hope to last a bit longer on the angry scandal of a possible persecution of Trump if he leaves office, but that would be it, and that’s not a business model. They can’t very well now turn on Biden and his puppeteers.

New York Times writer and editor Bari Weiss said it very well when she left the paper a few weeks ago, she summarized the essence of the MSM problem in just a few words:

“[..] the lessons that ought to have followed the election – lessons about the importance of understanding other Americans, the necessity of resisting tribalism, and the centrality of the free exchange of ideas to a democratic society—have not been learned. Instead, a new consensus has emerged in the press, but perhaps especially at this paper: that truth isn’t a process of collective discovery, but an orthodoxy already known to an enlightened few whose job is to inform everyone else”.


Why edit something challenging to our readers, or write something bold only to go through the numbing process of making it ideologically kosher, when we can assure ourselves of job security (and clicks) by publishing our 4000th op-ed arguing that Donald Trump is a unique danger to the country and the world?

 

That’s the media. Second in line is US intelligence. Which, there’s no other way to put it, conspired against a presidential candidate and, when he was elected, a sitting president. The Strzok-Page “insurance policy”, the Obama Oval Office conversations where Comey, Brennan, Clapper, Susan Rice were present, plus 1,000 other things, the overall picture doesn’t exactly point to that famous seamless transition, and US Intel played a pivotal, because accommodating, role in that.

The best way to show this is perhaps that US intelligence themselves did not (could not) come up with a report on alleged links between the -prospective- president’s team and Russia, but took a dossier paid for by the president’s opposition and used it to discredit and persecute him and people in his team. The dossier was written by a two-bit MI6 hustler who hadn’t set foot in Russia in at least a decade, and whose main ‘Russian source’ wasn’t there either, but sitting in an office in the US.

That source in turn had contacts with a group of Russians whose very business model it was to make up and embellish whatever stories the highest bidder required, while failing to deal with their own severe drinking problems. That dossier was the entire foundation (or 99% of it) behind Rod Rosenstein appointing Bob Mueller as a Special Counsel. The appointment would never have been made, never have been possible, without the Steele dossier.

 

How was the dossier vetted by US intelligence, if at all? It’s very clear now what was wrong with it, but the all knowing and very clever intelligence people could not have figured that out 4 years ago, and instead cleared it for Mueller, for further FBI use, for FISA applications? How about their treatment of Michael Flynn, who they had already cleared only to resurrect the dead corpse of their investigation into his talks with Russian ambassador Kislyak? How would you, personally, spell “in good faith”?

We will see in the near future what the Durham investigation into all Russiagate players will come to. Apparently, Durham has just another three weeks to present at least something, because there is a two-month “no-go-zone” before the election, during which he would be accused of tampering with the election. And the premise for the Democrats and their sympathizers is that if Biden wins, all slates will be wiped clean.

They won’t, by the way. America still has a justice system, even if it is oftentimes crippled and grinding(ly) slow. Just watch Michael Flynn attorney Sidney Powell and her team. They have vowed to not only have their client be exonerated, but to fully clear his name, which according to their view has been besmirched by everyone up to and including Joe Biden and Barack Obama.

 

The third leg of the “creature” is the Democratic party. Who have stepped so far over their boundaries, nobody recognizes anymore that there were any. Or that the political system they are an integral part of, dictates that there are things they cannot do, lest they corrupt that system to the core.

Once you lose a presidential election, you prepare for the next one. You don’t use the next 4 years to try and frustrate the president you just lost to with all you got. The system should not allow it and can not tolerate it. There should be skin in the game for opposition politicians, who when they come with accusations of gross misconduct serious enough to remove a president, should be forced to step down when the accusations don’t lead to the intended result.

It should never be a free for all, in which you can simply try again the next morning. Because the system cannot work if that is possible. It can’t be that if you win a midterm election and get a majority in the House, you can then use that majority to make it impossible for a president to work on the agenda that made millions vote for him/her. That would cause the system to grind to a halt, and the system must always be more important than its temporary participants (even those who “sit” for 40-50 years).

When you look at the speaker’s list for the Democrat -non- convention next week where Joe Biden will be confirmed as their -virtual- candidate, you see that other than AOC, it’s just a long list of the same old people who were already there when they lost in 2016, and co-losers Hillary and Obama still have a very tight grip on the power and the purse strings.

Why they stick with Joe Biden, g-d only knows, and the same goes for whichever highly unpopular black woman they pick as VP who could soon be president. And sorry, but they all are. Kamala Harris was among the first to step down during the primaries because she didn’t get any votes. Susan Rice is not exactly “loved by the people” either, and the rest are no-names, except for Warren, but she’s both too left and much too white.

So you’re thinking: what’s going on there? That’s really the best you can do? But it does seem to be, likely because Barackillary have a small group of confidantes to choose from who they themselves are confident will be willing to cede all actual power to them once elected. And if Harris and Rice don’t get picked as VP, they’ll still exert a lot of power.

As will Pelosi, Schiff, Nadler, there’s more new blood at Madame Tussaud’s than at the upper echelons of the Democratic party. Yes, AOC can come in to represent the squad in a cynical move (no power but brings in lots of votes), but that’s it. For the rest it’s still just the broken left wing of the war party. But you’re right, they’re none of them, Trump. And that at the same time is the sole identity they possess.

 

Anti-Trumpism has become a political religion. Because Trump is the only topic that attracts clickbait and viewers. The only topic that rings a bell. Joe Biden rings no bells whatsoever. A while back Donald Trump jr tweeted:

Trump is really running against the media, Silicon Valley, the establishment, the swamp, Hollywood and maybe Joe Biden.

While investor GreekFire23 did even better:

Trump is running against himself in this election. The vote will come down to those who love him vs those who hate him. Biden is totally irrelevant and not even campaigning. Biden has no platform, no slogan, no stickers, no signs, no rallies, no followers. It’s Trump vs Trump.

What can still sink Trump is obvious: it’s the economy and the pandemic. America’s problem is that no matter who wins, those will still be its main problems by January 2021. And another problem has been added in the course of 2020: protests and violence in the streets.

 

Update: I thought I could leave it at that for now, step out for a moment, have a glass of wine, let it all sink in, and write a closing paragraph. But then I was sitting outside in gorgeous Athens and this popped up, which I very obviously can’t leave out:

Senate Chairman Subpoenas FBI Director Wray For Russiagate Records; Puts Bidens On Notice

FBI Director Christopher Wray has been subpoenaed by the Senate Committee on Homeland Security and Governmental Affairs to produce “all documents related to the Crossfire Hurricane Investigation,” which includes “all records provided or made available to the Inspector General” regarding the FISA probe, as well as documents regarding the 2016-2017 presidential transition..

[..] The subpoena was issued by Sen. Ron Johnson (R-WI) as part of his investigation into the origins of Russiagate. It gives Wray until 5 p.m. on Aug. 20 to produce the documents. Johnson also released a lengthy letter on Monday in which he defended his Committee’s investigation and accused Democrats of initiating “a coordinated disinformation campaign and effort to personally attack” himself and Sen. Chuck Grassley (R-IA) in order to distract from evidence his committee has gathered on Joe and Hunter Biden’s Ukraine dealings.

[..] Johnson’s committee has secured testimony from at least one State Department official who worked in Ukraine, and says the Bidens’ conduct created the appearance of a conflict of interest. “The appearance of family profiteering off of Vice President Biden’s official responsibilities is not unique to the circumstances involving Ukraine and Burisma,” wrote Johnson. “Public reporting has also shown Hunter Biden following his father into China and coincidentally landing lucrative business deals and investments there.

“Additionally, the former vice president’s brothers and sister-in-law, Frank, James and Sara Biden, also are reported to have benefited financially from his work as well.

I can’t let that go because it addresses exactly what my closing paragraph would have been about. Which is the risk of the giant divide that has developed in US society, getting even wider, and potentially leading to utter mayhem. Actually, it’s not even ‘potentially’ anymore, there already has been a lot of violence.

The Democrats think they will win easily on November 3, and then push through all of their their policies, after dumping on Trump for 4 years with their media and intelligence friends, but the 63 million Americans who voted for Trump, and most of their family and friends with them, don’t think so. That’s not a threat, it’s an observation.

They feel cheated out of their 2016 victory. They realize (or should I say “suspect”) that Russiagate and the Mueller probe and the Zelensky-linked impeachment “hearings” were empty vessels directed against the election outcome that they won fair and square, and I guarantee you they won’t take it sitting down.

Which means that no matter who wins, polarization will reach levels America has never seen, and, frankly, should never wish to. Because all of the people involved, bar just a precious few, will have to live together in the same country, and share the same society, streets, highways, stores and resources.

And sometimes I wonder: how are they going to do that? If Trump should win, how will the entire so-called left react, from the Democrats through the MSM to BLM? Will they just increase the protests and the violence in the streets?

Alternatively, if Joe Biden wins, how will the Conservative side of America react? Will they all go home and wait for what the DNC has in store for them, or will their reaction be pro-active? I know which reaction I would see them lean towards.

You have these two sides in society who appear further apart than even Moses could have hoped to bring back together again, you have the media who thrive on widening that divide even further, it’s a scary picture.

 

And in the meantime, while everyone’s busy blaming each other, who’s going to take care of the country?

 

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, your support is now an integral part of the publishing process. Which seems only fair and just.

Thank you.

 

 

Support the Automatic Earth in virustime.

 

Aug 102020
 


William-Adolphe Bouguereau La naissance de Vénus 1879

 

The Spies Who Hijacked America (Schrage)
Memo Shows FBI May Have Misled Senate About Russia Probe (JTN)
Pelosi, Mnuchin Open Door To Narrower COVID19 Aid Through 2020 (R.)
Fed’s Evans Says Another Coronavirus Aid Package ‘Incredibly Important’ (R.)
The US Economy Is Stronger Than the Eurozone’s (Lacalle)
Hong Kong Media Tycoon, Pro-Democracy Leader Arrested In New Crackdown (JTN)
Should The Government Balance Its Budget? (DO)
One-Fifth Of All Mail-in Ballots Disqualified In NYC Primary (JTN)
The Very Un-Christian Nagasaki Bomb (Kohls)

 

 

We passed 20 million cases, another sad milestone. But both new cases and new deaths are quite low. With US new cases below 50,000, and deaths at “only” 534, overall not a bad weekend, in the grand scheme of things.

 

 

 

 

 

 

 

 

 

 

Pelosi
https://twitter.com/greg_price11/status/1292647384124661767

Aaron Maté Russiagate Monsters under the bed

 

 

If you read just one thing today, try this. From Matt Taibbi’s substack.

“As a doctoral candidate at Cambridge working under “FBI Informant” Stefan Halper, I had a front-row seat for Russiagate..”

The Spies Who Hijacked America (Schrage)

Global scandals now labeled Russiagate, Spygate, and what President Trump calls “Obamagate” shook the political world, but hit me closer to home. I’m the reason the so-called FBI “spy” at the center of Spygate, Stefan Halper, met Carter Page, the alleged “Russian Asset” in Russiagate’s Crossfire Hurricane investigation. On May 19, 2018, this realization blindsided me in London as I was about to fly out for my wedding. The New York Times, NBC News and other sources had outed my PhD supervisor, Stefan Halper, as a spy known to the UK’s MI6 intelligence service as “The Walrus.” It didn’t seem real. Could a former professor I once trusted as a mentor have betrayed his word, profession, and country to start these disasters?

I had moved to England to pursue an academic career and leave DC’s politics behind, only to have my PhD supervisor throw me back into the most outrageous political firestorms I could imagine. Just my luck. Then an even worse question began nagging at me. Did I unintentionally light the match that started it all? As I started to piece together what happened over the next few months, I realized something. The stories that The New York Times, Washington Post, and others were pushing didn’t add up. Many seemed planted to cover up or advance the agendas of several individuals whose tentacles secretly ran through these scandals, and who each had longstanding ties to intelligence services like the FBI, CIA, and MI6. I call these individuals the Cambridge Four.

Strangely, all four were linked through that sleepy British academic town thousands of miles from the alleged “ground zeroes” of Russiagate’s conspiracies, Moscow and DC. In addition to the central “Spygate” figure Halper, they include the central source of “Russiagate’s” fake conspiracy theories, Christopher Steele; former MI6 Director Sir Richard Dearlove; and Halper’s and Dearlove’s partner in a Cambridge Intelligence Seminar linked to titillating — but false — tales of a “Russian spy” seducing Trump’s top national security advisor. My years of work with Halper provided an inside view of how their four networks interconnected. The more I dug up new pieces of this puzzle, the more I saw how these individuals’ seemingly separate acts might fit together in an absurd picture of how these scandals really started.

Armed with first-hand knowledge and evidence, I quietly sought to help federal investigators uncover these scandals’ mysteries. It wasn’t my first rodeo. After witnessing the plane that hit the Pentagon on 9/11, I led G8 and State Department international crime and terrorism efforts with Department of Justice (DOJ), FBI, and intelligence officials and had worked for decades in White House, Congressional, and presidential campaign roles. This helped me keep a stiff upper lip when I was falsely accused in 2019 by the House Intelligence Committee’s Ranking Republican and others on television as being part of a secret anti-Trump cabal. As much as I wanted to defend myself, I knew our best shot of exposing the real forces behind these scandals was for me to remain publicly silent and not let those under investigation know what I knew or was willing to say.

Read more …

MAY have?

Memo Shows FBI May Have Misled Senate About Russia Probe (JTN)

The Senate Judiciary Committee on Sunday released a document it says shows the FBI misled senators on the Intelligence Committee during the Russia probe by falsely suggesting Christopher Steele’s dossier was backed up by one of his key sources. “Somebody needs to go to jail for this,” Sen. Lindsey Graham, R-S.C., the panel’s chairman, told the Fox News program Sunday Futures with Maria Bartiromo. “This is a second lie. This is a second crime. They lied to the FISA court. They got rebuked, the FBI did, in 2019 by the FISA court, putting in doubt all FISA applications. “A year before, they’re lying to the Senate Intel Committee. It’s just amazing the compounding of the lies,” Graham added.

The document in question contains the draft talking points the FBI used to brief the Senate Intelligence Committee in February 2018, including an assessment that the primary sub-source of the information contained in the Steele dossier had backed up the former MI-6 agent’s reporting. The primary sub-source “did not cite any significant concerns with the way his reporting was characterized in the dossier to the extent he could identify it,” the FBI memo claimed. “…At minimum, our discussions with [the Primary Sub-source] confirm that the dossier was not fabricated by Steele.” In fact, by the time the FBI provided senators the briefing, agents had already interviewed Steele’s primary sub-source who disavowed much of what was attributed to him in the dossier as in “jest” or containing uncorroborated allegations.

Agents also had been warned by the CIA that Steele’s memos contained disinformation fed to him by Russian intelligence services, and had created a spreadsheet showing most of the claims in the dossier were either debunked, unable to be corroborated or Internet rumor. Graham said the document is so misleading he is demanding FBI Director Chris Wray identify the names of those involved in the briefing. “They misled the hell out of them,” he said. There is widespread evidence released by the Judiciary Committee and the DOJ inspector general contradicting the February 2018 FBI briefing memo including that the primary sub-source:

• told the FBI that he “has no idea” where some of the language attributed to him came from or that his contacts and “never mentioned” some information attributed to him.
• told the FBI he “did not know the origins” or “did not recall” other information contained in the dossier that was supposedly from his contacts
• alleged that Steele used “incorrect source characterization” for one of his contacts. told the FBI that the corroboration for the dossier was “zero” and that he takes what the sources for the dossier told him with “a grain of salt.”
• claimed much of what he told Steele was second-hand or even in jest and never intended it to be treated as intelligence because if was “word of mouth and hearsay” and “conversation that [he] had with friends over beers.”

Read more …

Pelosi tried to be a leader and failed. Now she’s a follower. Does that about sum it up?

Pelosi, Mnuchin Open Door To Narrower COVID19 Aid Through 2020 (R.)

U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on Sunday said they were open to restarting COVID-19 aid talks, after weeks of failed negotiations prompted President Donald Trump to take executive actions that Democrats argued would do little to ease Americans’ financial distress. Discussions over a fifth bill to address the impact of the coronavirus pandemic fell apart on Friday, a week after the expiration of a critical boost in unemployment assistance and eviction protections, exposing people to a wave of economic pain as infections continue to rise across the country.

Trump on Saturday sought to take matters into his own hands, signing executive orders and memorandums aimed at unemployment benefits, evictions, student loans and payroll taxes. Trump told reporters in New Jersey before returning to Washington on Sunday that his suspension of the collection of the payroll tax could be made permanent. He said doing so would have no impact on Social Security because reimbursement would be made through the general fund. Trump, noting that Democrats want to resume stimulus discussions, said the White House would be willing to talk to them again “if it’s not a waste of time.”

On Sunday, both Pelosi and Mnuchin appeared willing to consider a narrower deal that would extend some aid until the end of the year, and then revisit the need for more federal assistance in January. That would come after November’s election, which could rebalance power in Washington. “Let’s pass legislation on things that we agree on,” Mnuchin told Fox News in an interview. “We don’t have to get everything done at once. … What we should do is get things done for the American public now, come back for another bill afterwards.”

DDMB Out of work

Read more …

Protect small businesses? Half of them are gone forever. Protect the people instead.

Fed’s Evans Says Another Coronavirus Aid Package ‘Incredibly Important’ (R.)

The United States should implement another support package to ensure workers can stay safely at home while the novel coronavirus continues to spread, Chicago Fed President Charles Evans said in an interview with CBS News released on Sunday. Evans said it was up to U.S. lawmakers to protect small businesses and vulnerable communities with measures that ensure they can continue to pay their rent and buy food as long as the virus was not under control. “I think that public confidence is really important and another support package is really incredibly important,” Evans said on CBS’s Face the Nation program.


He also said that the most pessimistic economic projections involved not supporting state and local governments, which in turn would have to implement drastic cuts to support some of the federal aid measures. Evans’ comments come after U.S. lawmakers failed to strike an agreement on a second aid package after weeks of negotiations, leaving tens of millions of unemployed Americans without direct federal support.

Read more …

And you would expect to see that reflected in the USD’s exchange rate. But not yet.

The US Economy Is Stronger Than the Eurozone’s (Lacalle)

The United States is showing resiliency and strength compared with other leading economies worldwide. The impact of the covid-19 forced shutdown crisis is lower in the United States than in Japan, Germany, France, the average of the European Union 27, and the euro area countries. The recovery is also stronger and more sustainable. This does not mean that the economic impact is small. Recession is severe and its impact on jobs and growth cannot be underestimated, but it is important to show how other economies with larger government spending plans and important entitlement programs are showing a much weaker performance. The second quarter GDP was much better than in the euro area (–9.5 percent quarterly compared to –12.1 percent in the eurozone), although it reflects a notable quarterly drop, and well below the one seen in 2008.

This comparison is important because most mainstream economists believe that higher government spending and public sector help offset the blow of a recession. They do not. The United States quarterly GDP fall, at –9.5 percent, is small compared to Germany’s –10.1 percent, France’s –13.8 percent, Italy’s –12.4 percent, Spain’s –18.5 percent and the European Union 27’s at –11.9 percent. You may have read about the quarterly annualized –32.9 percent figure for the United States, but it is misleading to compare it with the European published figures, which are not annualized. The annualized rate estimates how much the economy would grow or shrink if the rate of change seen in the quarter continued for four consecutive quarters.

If we compared apples to apples, the quarterly annualized GDP collapse would be from –40 percent in Germany to –55 percent in Spain compared to the US’s –32.9 percent. In any case, it seems relevant to insist on three points: 1) the United States GDP decline was smaller than consensus estimates; 2) it is notably lower than the eurozone figure, which was worse than consensus expected; and 3) the advanced US data points to one of the strongest recoveries in the world. The improvement in domestic demand that we already began to observe in the month of May has been confirmed in June. Retail sales registered an increase of 7.5 percent per month, the second-highest number in the historical series after the May data, and this time with a less relevant “base effect.” In year-on-year terms, retail sales have already grown 1.1 percent and, eliminating vehicle sales, this increase amounts to 7.3 percent year on year. Still a lot to improve, though.

Advanced and leading indicators in the United States point to a third quarter GDP rise of 18 to 20 percent in annualized terms, a recovery of more than half of the decline in first half of the year in three months. There is a lot to do and no one can be complacent. If consumption and investment progress within potential, the US economy could close the year at flat growth and 6 percent unemployment in the most optimistic scenario. However, it is more likely that the economy will end the year down 5 percent and with unemployment at 8.5 percent, all according to our estimates. This compares with a eurozone that may likely fall more than 9 percent in 2020, with official unemployment and furloughed jobs reaching an average of 12.5 percent according to Bloomberg.

Read more …

Cullusion with foreign forces. It’s like the US. And now they can take him to China under the new law?!

Hong Kong Media Tycoon, Pro-Democracy Leader Arrested In New Crackdown (JTN)

Jimmy Lai, a prominent publisher and pro-democracy leader in Hong Kong, was arrested Monday on charges of foreign collusion under a new national security law sharply criticized by the United States. The 71-year-old founder of the Apple Daily outlet and a longtime antagonist of communist China was taken in custody as police raided his newsroom seeking documents. Lai was already facing other charges related to his organization of protests last year, but the new counts sent shockwaves through Hong Kong. Lai’s arrest was part of a larger police operation. Hong Kong law enforcement officials said at least seven people aged 39 to 72 had been arrested on suspicion of collusion with foreign forces against national security, and conspiracy to commit fraud.

Read more …

Twitter thread from Deficit Owl h/t Steve Keen. I’ve said it before: we must have these discussions.

Should The Government Balance Its Budget? (DO)

One popular idea in “Keynesian economics” is that the government should balance its budget over the course of the business cycle, running deficits for stimulus during recessions, then surpluses in booms to bring down the debt. This is a bad strategy, because it neglects the interconnectedness of financial positions in the economy. One entity’s spending is another’s income; so for somebody to run a surplus, somebody else has to run a deficit. So if we say “gov should run a surplus,” what does that imply about private financial positions? In the US, because of structural factors that aren’t going away anytime soon, we nearly always run deficits against the rest of the world (the trade/current account deficit), meaning that we send income overseas that doesn’t come back as spending.

That means that for the US private sector balance to be positive (a surplus), the gov sector balance has to be negative (a deficit) and it has to be at least as large as the losses to the foreign sector (the gov deficit ≥ the current account deficit). The private sector doesn’t need to be in surplus at all times. But we also wouldn’t expect it to be continually in deficit – that would imply, on net, ever-worsening financial positions in the private sector, running down saved assets and/or issuing new IOUs. So what happens to the private sector if the gov “balances its budget over the cycle”? In recessions, depending on the size of the gov deficit, the private sector will be balanced or running small surpluses (because the foreign deficit cancels out some/all of the gov deficit). But in booms, the private sector would be deeply in the red (deficit), because the gov surpluses would be subtracting income out of the private sector, while the foreign sector is doing it too. /7

Read more …

This discussion is far from over.

One-Fifth Of All Mail-in Ballots Disqualified In NYC Primary (JTN)

Tens of thousands of mail-in voting ballots in the recent New York Democratic presidential primary election were disqualified without being counted — a sign that the country’s looming presidential election, one which may be conducted significantly by mail, could be facing procedural chaos over countless disputed and uncounted votes. A total of more than 84,000 ballots were disqualified in the city primary — roughly 21%, or one out of every five votes — many of them due to late submissions, lack of postmarks and missing signatures. Kings County — the borough of Brooklyn — alone saw 30,000 ballots invalidated. The disorganized voting and tallying process could signal a coming crisis in November, when much of the American vote is expected to be submitted via mail due to fears of the coronavirus.

A Pew Research Center Poll from June found that just one out of every five Americans voted by mail in the 2016 election; many officials across the country have been pushing in recent months for every American voter to receive a mail-in ballot. President Trump has of late warned repeatedly that the mail-in voting process is ripe for fraud and abuse, yet the disarray of New York’s primary suggests procedural issues may form a much larger concern for election integrity in November. A localized ruling by a federal judge last week has thrown the New York primary into even greater disorder. Judge Analisa Torres ruled Aug. 3 that, due to faulty mailing and processing issues, all mail-in votes in the state received up to two days after the election must be counted so long as they were postmarked by the day of the election.

Torres extended that order to cover all elections across the state, claiming that not doing so “would risk running afoul of the Constitution’s guarantee of equal treatment.” State Board of Elections spokesman John Conklin told Just the News that Torres’ ruling has not yet been enforced. “The State Board of Elections is appealing the decision,” he said via email. “If we lose the appeal then all affected boards will have to conduct additional canvassing for absentee ballots received on June 24th and 25th without a postmark. The local boards would then submit amended certifications of their primary results.”

“It is not expected that the outcome in any contest will be changed,” Conklin added. “Absentee ballots can be disqualified for any number of statutory reasons,” he added, including “late postmark, no postmark, the Oath envelope not signed and dated by the voter, the signature on the Oath envelope does not match the signature in the voter’s registration record, the Oath envelope not sealed by the voter, the voter is deceased, the voter showed up in person to vote on Election Day,” and numerous other factors.

Read more …

There was zero need to drop it, or the Hiroshima bomb. Japan had been looking for a way to surrender for months. But Russia also declared war on Japan, and that changed things.

The Very Un-Christian Nagasaki Bomb (Kohls)

Seventy-five years ago today, an all-Christian bomber crew dropped “Fat Man,” a plutonium bomb, on Nagasaki, Japan, instantly annihilating tens of thousands of innocent civilians, a disproportionate number of them Japanese Christians, and wounding uncountable numbers of others. For targeting purposes, the bombing crew used St. Mary’s Urakami Cathedral, the largest Christian church in East Asia. At 11:02 a.m., on Aug. 9, 1945, when the bomb was dropped over the cathedral, Nagasaki was the most Christian city in Japan. At the time, the United States was arguably the most Christian nation in the world (that is, if you can label as Christian a nation whose churches overwhelmingly have failed to sincerely teach or adhere to the peaceful ethics of Jesus as taught in the Sermon on the Mount).

The baptized and confirmed Christian airmen, following their wartime orders to the letter, did their job efficiently, and they accomplished the mission with military pride, albeit with a number of near-fatal glitches. Most Americans in 1945 would have done exactly the same if they had been in the shoes of the Bock’s Car crew, and there would have been very little mental anguish later if they had also been treated as heroes. Nevertheless, the use of that monstrous weapon of mass destruction to destroy a mainly civilian city like Nagasaki was an international war crime and a crime against humanity as defined later by the Nuremberg Tribunal. Of course, there was no way that the crew members could have known that at the time. Some of the crew did admit that they had had some doubts about what they had participated in when the bomb actually detonated.

Of course, none of them actually saw the horrific suffering of the victims up close and personal. “Orders are orders” and, in wartime, disobedience can be, and has been, legally punishable by summary execution of the soldier who might have had a conscience strong enough to convince him that killing another human, especially an unarmed one, was morally wrong. When Nagasaki was destroyed, it had been only three days since another U.S. atomic bomb, nicknamed “Little Boy,” had decimated Hiroshima. The Nagasaki bombing on Aug. 9 occurred amid chaos and confusion in Tokyo, where the fascist military government, which had known for months that it had lost the war, was searching for a way to honorably surrender.

The only obstacle to surrender had been the Allied insistence on unconditional surrender, which meant that the Emperor Hirohito, whom the Japanese regarded as a deity, would be removed from his figurehead position in Japan and possible subjected to war crimes trials. That was a deal-breaker, an intolerable demand for the Japanese that prolonged the war and prevented Japan from giving up months earlier.

St. Mary’s Urakami Cathedral after the bomb exploded above it as shown in a photograph dated Jan. 7, 1946.

Read more …

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, your support is now an integral part of the process.

Thank you.

 

 

1944 CIA memo on how to infiltrate an organisation

 

 

This statue doesn’t like dogs. Think we should topple it?

 

 

Support the Automatic Earth in virustime.

 

Jun 192020
 


NPC “Largest electric locomotive and Congressman John C. Schafer” 1924 (he’d be in an electric car today)

 

Mainland China Reports 32 New Coronavirus Cases, 25 Of Them In Beijing (R.)
Mexico Posts Record Number Of New Coronavirus Infections (R.)
AMC Theaters To Reopen, Say Face Masks A “Political Controversy” (V.)
John Bolton’s Bad Reviews Don’t Stop Him Topping Us Book Charts (G.)
Bolton, Pelosi Agree: Trump Unfit To Be US President (R.)
Japan’s Deflation Gathers Momentum As Prices Extend Declines (R.)
Fed Chair: Keep Private Entities Out Of Central Bank Digital Currencies (CD)
EU Car Sales Crash 57% In May As Europe Amid Inventory Glut (ZH)
Australia Sees China As Main Suspect In State-Based Cyberattacks (R.)
Report Reveals CIA Incompetence To Blame For Vault 7 Breach (RT)
Americans Are Unhappiest They’ve Been In Nearly 50 Years (Ind.)
Indian Primate Jailed For Life After Carnivorous Rampage (RT)

 

 

Happy Juneteenth!

I made sure to check quite a few times, but it is what it is: according to Worldometer data, over the past 24 hours global new cases went from an almost record 141,872 on June 17 to an all-records shattering 177,168 on June 18. Maybe something’s off, but right now I couldn’t say what.

 

Worldometer reports new cases for June 18 (midnight to midnight GMT+0) at + 140,528. Third consecutive day above 140,000.

My count 6AM EDT to 6AM EDT based on Worldometer numbers is much higher today at 177,168.

 

 

 

 

New cases past 24 hours in:

• US + 29,180
• Brazil + 23,050
• Russia + 7,790
• India + 13,827
• Mexico + 5,662

 

 

Cases 8,602,359 (+ 177,168 from yesterday’s 8,425,191)

Deaths 456,802 (+ 4,994 from yesterday’s 451,808)

 

 

 

From Worldometer yesterday evening -before their day’s close-:

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

 

 

Hunan we have a problem.

Mainland China Reports 32 New Coronavirus Cases, 25 Of Them In Beijing (R.)

Mainland China reported 32 new coronavirus cases as of the end of June 18, 25 of which were reported in the capital city Beijing, China’s National Health Commission said on Friday. This compared with 28 confirmed cases a day earlier, 21 of which were in Beijing. Local authorities are restricting movement of people in the capital and stepping up other measures to prevent the virus from spreading further following a series of local infections. Another five asymptomatic COVID-19 patients, those who are infected with the coronavirus but show no symptoms, were also reported as of June 18 compared with eight a day earlier. China does not count these patients as confirmed cases.

Read more …

Did we close the borders yet?

Mexico Posts Record Number Of New Coronavirus Infections (R.)

Mexico’s health ministry reported on Thursday a record 5,662 new confirmed cases of coronavirus infections and 667 additional fatalities, bringing the total in the country to 165,455 cases and 19,747 deaths. The government has said the real number of infected people is likely significantly higher than the confirmed cases.

Read more …

“AMC Theater CEO Adam Aron says their cinemas won’t require masks upon reopening because they didn’t “want to be drawn into a political controversy.”

Is testing also a political viewpoint? How about COVID19 treatment at hospitals? Can we deny that to people who have political issues with facemasks?

AMC Theaters To Reopen, Say Face Masks A “Political Controversy” (V.)

AMC Theatres, the world’s largest exhibitor, has unveiled plans to re-open after coronavirus forced it to close its more than 600 venues in the U.S. for nearly four months. The company is expected to resume operations in 450 of those locations on July 15 and expects to be almost fully operational by the time that Disney’s “Mulan” debuts on July 24 and Warner Bros.’ “Tenet” bows on July 31. As part of that process, AMC is reducing its seating capacity in order to help people social distance, it is implementing new cleaning procedures, placing hand-sanitizing stations throughout its theaters and encouraging contact-less and cash-free concessions. “We didn’t rush to reopen,” AMC CEO and president Adam Aron said in an interview with Variety.

“There were some jurisdictions in some states, such as Georgia and Texas, that allowed people to reopen theaters in mid-May. We opted to remain closed, so we could give the country time to get a better handle on coronavirus. We wanted to use this time to figure out how best to open and how to do so safely.” AMC’s competitors Regal and Cinemark announced their own plans to resume business earlier this week, targeting a similar mid-July timeframe for when they expect to be fully operational. [..] Prior to coronavirus there was a great deal of consolidation in the exhibition space, much of it made possible by debt financing. AMC’s decision to acquire rivals such as Odeon Cinemas, UCI Cinemas and Carmike Cinemas left it heavily leveraged with more than $5 billion in debt. In recent filings, AMC acknowledged that the coronavirus pandemic could push it into bankruptcy. [..]

AMC will not mandate that all guests wear masks, although employees will be required to do so. Nor will AMC perform temperature checks on customers, though it will monitor its employees’ temperatures and have them undergo screenings to check for signs of coronavirus. The situation will be different in states and cities that require residents to wear a mask when they’re in public, but Aron said that AMC was wary of wading into a public health issue that has become politicized. “We did not want to be drawn into a political controversy,” said Aron. “We thought it might be counterproductive if we forced mask wearing on those people who believe strongly that it is not necessary. We think that the vast majority of AMC guests will be wearing masks. When I go to an AMC feature, I will certainly be wearing a mask and leading by example.”

[..] the theater chain said that it is going to lean heavily on technological solutions such as deploying electrostatic sprayers, HEPA vacuums and upgraded MERV 13 ventilation filters, which would eliminate airborne particles and reduce the chance that COVID-19 will spread. Other procedures being implemented include cleaning auditoriums between each showtime and allowing extra time between screenings for disinfection; blocking out every other row of seats to decrease congestion; pushing guests to use online ticketing and kiosks to limit interactions with staff, and designating various points within theaters for one-way foot traffic.

Read more …

“Orange Man Bad” beats Black Lives Matter.

John Bolton’s Bad Reviews Don’t Stop Him Topping Us Book Charts (G.)

John Bolton’s damning indictment of the Trump presidency is soaring up online charts in the US a week before its release, despite withering reviews describing it as “bloated with self-importance”, as the Trump administration makes a last-ditch attempt to prevent its publication. In the teeth of a series of critical assessments from papers including the New York Times and the Washington Post, Bolton’s The Room Where It Happened is currently No 1 on Amazon’s US charts. Its sales are just ahead of another scathing take on Donald Trump, this time his niece Mary Trump’s forthcoming Too Much and Never Enough, which is subtitled How My Family Created the World’s Most Dangerous Man. Bolton’s book, which is out on 23 June, and Mary Trump’s, scheduled for 28 July, have knocked anti-racism titles by authors including Ibram X Kendi, Ijeoma Oluo and Robin DiAngelo off the top spots.

As the US justice department on Wednesday sought an emergency order to block publication of Bolton’s memoir, copies of the book were leaked to news outlets which revealed a series of explosive claims from the former national security adviser. According to Bolton, Trump pleaded with China to help him with his 2020 re-election campaign, praised China’s president Xi Jinping for his country’s internment camps, and was willing to halt criminal investigations to “give personal favours to dictators he liked”. Trump also weighed in, claiming on Twitter that the book is “made up of lies & fake stories”. Early reviews of the book have not been favourable. The New York Times said the memoir was “bloated with self-importance, even though what it mostly recounts is Bolton not being able to accomplish very much”.

Filled with “minute and often extraneous details”, the review continued, it “toggles between two discordant registers: exceedingly tedious and slightly unhinged”. The Washington Post said that “for a memoir that is startlingly candid about many things, Bolton’s utter lack of self-criticism is one of the book’s significant shortcomings”, while NPR found that Bolton “clearly does not expect to attract the casual reader, or anyone else unable to digest sentences such as this one on the third page: ‘Constant personnel turnover obviously didn’t help, nor did the White House’s Hobbesian bellum omnium contra omnes (war of all against all)’.”

Read more …

Bolton, Pelosi Agree: Trump Unfit To Be US President (R.)

President Donald Trump came under attack from both sides of the American political spectrum on Thursday as liberal Democratic leader Nancy Pelosi and former White House aide and conservative hawk John Bolton both declared him unfit to lead the country. “President Trump is clearly ethically unfit and intellectually unprepared to be the president of the United States,” Pelosi, the speaker of the U.S. House of Representatives, told a news briefing. In a new book, Bolton, Trump’s former national security adviser, has accused the Republican president of sweeping misdeeds, including explicitly seeking Chinese President Xi Jinping’s aid to win re-election in November. “I don’t think he’s fit for office,” Bolton told ABC News in part of an interview aired on Thursday.

“There really isn’t any guiding principle that I was able to discern other than what’s good for Donald Trump’s re-election.” Pelosi told a weekly news conference she was consulting with her fellow Democrats on whether to subpoena Bolton about the allegations in the book, which has not yet been distributed. If Bolton testifies before Congress, it could revive the issue of Trump’s competence as he faces a stiff challenge on Nov. 3 from Joe Biden, the Democrats’ presumptive presidential nominee, and fends off criticism over his handling of the coronavirus pandemic and protests over racial injustice and police brutality. Bolton refused to testify in the House’s impeachment probe last year and threatened to sue if subpoenaed. He offered to testify in the subsequent trial in the Senate, but the Republican-controlled chamber did not take him up on the offer.

[..] Adam Schiff, the House Intelligence Committee chairman who led the impeachment inquiry, sharply criticized Bolton as unpatriotic for withholding information from the probe. The new allegations are “further proof” that Trump’s actions in Ukraine were part of a pattern of abusing his power and the U.S. government for personal political gain, Schiff said in a statement.

Read more …

Abenomics will die with Abe’s political career regardless.

Japan’s Deflation Gathers Momentum As Prices Extend Declines (R.)

Japan’s core consumer prices fell for a second straight month in May, reinforcing deflation expectations and raising the challenge for policymakers battling to revive an economy reeling from the coronavirus pandemic. The data will likely complicate the Bank of Japan’s job of restoring growth and inflation, with a raft of recent indicators suggesting the nation is in the grip of its worst postwar economic slump. Several BOJ board members warned that stronger monetary support and closer policy coordination with the government were needed to prevent Japan from returning to deflation, minutes of the bank’s April meeting showed.

“With the pandemic hurting the economy, there’s a good chance Japan may slide into deflation. Downward pressure on prices will likely persist throughout this year,” said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute. The nationwide core consumer price index (CPI), which includes oil but excludes volatile fresh food prices, fell 0.2% in May from a year earlier, government data showed on Friday. That compared with market forecasts of a 0.1% fall and followed a 0.2% drop in April, which was the first year-on-year decline since December 2016. The BOJ kept policy steady this week after expanding stimulus in March and April. But governor Haruhiko Kuroda conceded that inflation would remain well short of its 2% target for years to come.

[..} Some BOJ policymakers were concerned that bolder steps are needed to prevent the country from slipping back to sustained period of damaging price declines, the April minutes showed. “Japan is now facing the risk of deflation, so it’s possible to further enhance coordination between fiscal and monetary policies,” one BOJ board member was quoted as saying.

Read more …

“The private sector is not involved in creating the money supply, that’s something the central bank does.”

Fed Chair: Keep Private Entities Out Of Central Bank Digital Currencies (CD)

Private entities aren’t needed to build central bank digital currencies, said the head of the U.S. central bank on Wednesday. Federal Reserve Chairman Jerome Powell, speaking before the House Financial Services Committee, said the idea of a digital dollar – a blockchain-based version of the current world reserve currency – is complex, and one that the Fed takes seriously, but also that the idea needs to be studied further before one can be created and implemented. However, in response to a question from Rep. Tom Emmer (R-Minn.), Powell said he believed private entities did not have a role in designing a digital dollar.

“I do think this is something that the central banks have to design,” he said. “The private sector is not involved in creating the money supply, that’s something the central bank does.” Emmer was asking specifically about a recommendation from the Digital Dollar Project, which was launched earlier this year by former Commodities Futures Trading Commission Chairman J. Christopher Giancarlo, Chief Innovation Officer Daniel Gorfine and Accenture Director David Treat. The project suggested a digital dollar be issued by the Fed but designed in partnership with the private sector and accessible through a two-tiered banking system similar to the one in place in the U.S. today.

Powell said the general public may not be receptive to the idea of private employees being responsible for the money supply because they’re not accountable to “the public good.” Still, the idea is apparently being examined. A group of central banks have gotten together to discuss and better understand the concept as well as evaluate the implications on financial inclusion and concerns around cybersecurity, he said. “If this is something that is going to be good for the United States economy and for the world’s reserve currency, which is the dollar, then we need to be there and we need to understand it first and best,” Powell said. “So we’re working hard on it.”

Read more …

A guy I know said he was driving from Holland to Germany this week to pick up a car he bought, an 8-month old BMW at half the new price.

EU Car Sales Crash 57% In May As Europe Amid Inventory Glut (ZH)

New car sales in the EU plunged in May, falling 57% to 623,812, as Europe grapples with the same problem that the U.S. has had for weeks: a glut of inventory, despite re-opening some factories and re-starting production in certain areas. All 27 EU member states posted double digit declines in new car sales, with the U.K. falling an astounding 89%, according to MarketWatch. Production coming out of the EU remains “well blow” pre-crisis levels but the lack of demand continues to contribute to a growing inventory problem. This, in turn, has created a slowdown in an industry that’s already moving at a crawl to begin with. Jobs and profits are both threatened from the glut, in addition to the monumental threat they both still continue to face from the ongoing global pandemic.

Unsold cars on dealer lots are “at least 30% above normal” according to industry analysts, while unsold inventory in Germany alone was about $17 billion worth. Antje Woltermann, managing director of the ZDK industry group: “Unsold stocks are climbing, and on the other hand vehicles are not leaving the lots.” While Europe is struggling, many have looked to China, where sales were up 6% in May, for signs of optimism. For example, Stephan Wöllenstein, chief executive of Volkswagen Group China said: “The return of these kinds of figures is encouraging and gives us continued cautious optimism going forward.”

But those numbers don’t account for the recent second wave of lockdowns, including in Beijing, that China now faces. Countries like France and Germany continues to try and spur sales with government incentives, but Germany is focusing primarily on EVs while the glut is in traditional ICE cars. Recall, in May, we were ahead of the curve when we noted that European car registrations had plunged 76% in April. According to the European Automobile Manufacturers Association, the number of new cars sold fell from 1,143,046 to just 270,682 YOY in that month.

Read more …

Australia is but a lap dog.

The story changed overnight to name China as the main “suspect”. Of course what would be really suspect is if China DID NOT spy on Australia.

Australia Sees China As Main Suspect In State-based Cyberattacks (R.)

Australia views China as the chief suspect in a spate of cyber-attacks of increasing frequency in recent months, three sources familiar with the government’s thinking told Reuters on Friday. The comments came after Prime Minister Scott Morrison said a “sophisticated state-based actor” had spent months trying to hack all levels of the government, political bodies, essential service providers and operators of critical infrastructure. “We know it is a sophisticated state-based cyber actor because of the scale and nature of the targeting,” Morrison told reporters in the capital, Canberra, but declined to say who Australia believed was responsible.


Three sources briefed on the matter said Australia believed China is responsible, however. “There is a high degree of confidence that China is behind the attacks,” one Australian government source told Reuters, seeking anonymity as he was not authorised to speak to media. Australian intelligence has flagged similarities between the recent attacks and a cyber-attack on parliament and the three largest political parties in March 2019.Last year, Reuters reported that Australia had quietly concluded China was responsible for that cyber-attack. Australia has never publicly identified the source of that attack, however, and China denied it was responsible.

Read more …

Russiagate revisited.

Report Reveals CIA Incompetence To Blame For Vault 7 Breach (RT)

According to a just-released internal CIA report, “CCI had prioritized building cyber weapons at the expense of securing their own systems. Day-to-day security practices had become woefully lax.” “Most of our sensitive cyber weapons were not compartmented, users shared systems administrator-level passwords, there were no effective removable media controls, and historical data was available to users indefinitely,” the report goes on to say. The heavily-redacted document actually dates back to October 2017 and was only made public Tuesday by Senator Ron Wyden (D-Oregon), in an effort to pressure the new Director of National Intelligence John Ratcliffe into imposing new security measures. While the CIA ineptitude is the obvious takeaway, no one seems to have noticed the real bombshell: the timing of the breach and its implications.

The report says the CIA “did not realize the loss had occurred until a year later, when WikiLeaks publicly announced it in March 2017.” Now, what all was happening between March 2016 and a year later? You guessed it: Russiagate! Even as his own cyber arsenal was getting swiped from under his very nose, CIA chief John Brennan was obsessing about “Russian hackers” of the Democratic National Committee, or Hillary Clinton’s emails, or something – and pushing the bogus ‘Steele Dossier’ alleging Donald Trump’s collusion with Russia, which eventually made it into the infamous ‘Intelligence Community Assessment’ that accused Moscow of meddling in the 2016 US presidential election. It gets worse. According to the report, “Had the data been stolen for the benefit of a state adversary and not published, we might still be unaware of the loss—as would be true for the vast majority of data on Agency mission systems.”

So if the mythic bogeymen ‘Russian hackers’ had actually wanted to harm the US, they could have just used the CIA’s own, unprotected cyberweapons to stage false flags and wreak havoc across the world? None of which happened, obviously. Yet Brennan and his confederates have been telling everyone for years that the Kremlins wanted to “hack our democracy” by publishing some Democrat emails and posting memes on social media! [..] As for how Vault 7 got to WikiLeaks, the jury is still out on that. Joshua Schulte, the employee charged with leaking the files, is being prosecuted again after a hung jury at his first trial in March. His lawyers have argued the CIA security was so lax, anyone else on the team, or even outsiders, could have done it. The next time the media report some incendiary claim based on US intelligence “assessments,” try to keep all this in mind.

Read more …

How cann you be lonely when you have a TV set to keep you company?

Americans Are Unhappiest They’ve Been In Nearly 50 Years (Ind.)

Happiness among Americans has fallen to the lowest level in nearly five decades during the coronavirus pandemic, according to a new poll. The Covid Response Tracking Study, conducted by the National Opinion Research Center (NORC), found that morale was at the lowest point it has ever been since tracking emotional health trends began in 1972. The number of people who described themselves as very happy fell by 17 points to just 14 per cent in 2020. The previous record low – seen shortly after the 2007/8 Financial Crisis – was 29%. For the first time in 48 years, more people said they were unhappy than very happy. More than 60 per cent of Americans reported being “pretty happy”.


Interviews of the 2,279 US adults that took part in the survey took place between 21-29 May, while large parts of the country were under some form of lockdown designed to contain the spread of the Covid-19 virus. Feelings of loneliness have also increased as a result of the coronavirus lockdown, with half of all respondents saying they felt isolated either very often, often or sometimes. When asked the same question two years previously, less than a quarter of respondents said they experienced feelings of isolation.

Read more …

An alcoholic pet monkey…

Indian Primate Jailed For Life After Carnivorous Rampage (RT)

An alcoholic pet monkey has been locked up for good in Uttar Pradesh after a terror spree that left 250 people injured and one dead. Efforts to rehabilitate the animal were scrapped and zoo doctors affirm he’s a menace to society. The six-year-old monkey, named Kalua, received a life sentence of solitary confinement at India’s Kanpur Zoo this week after repeated attempts at normalizing his behavior left zookeepers and other monkeys much the worse for wear. Zoo doctor Mohd Nasir told local media the savage simian would harm people wherever he went if set free, explaining “he remains as aggressive as he was” when first brought to the zoo three years ago.

Kalua formerly belonged to an occultist in Mirzapur district, who fed him a diet of meat and copious alcohol. When his owner died, the grieving pet apparently went into withdrawal, becoming vicious and attacking locals. By the time forest and zoo teams succeeded in apprehending the aggressive creature, he had bitten over 250 people, including 30 children. One of his victims died of the injuries, while others – Kalua apparently has a thing for attacking women and girls – were left in need of plastic surgery. While the zookeepers had hoped to calm Kalua down, substituting a vegetarian diet for the human flesh he’d apparently come to rely on, they didn’t have much luck. The carnivorous creature has stayed hostile, especially toward female zookeepers, and plans to release him back into the wild a changed monkey have been shelved.

Kalua’s misbehavior predates the coronavirus outbreak, but he’s not the only monkey in Uttar Pradesh to make the news in recent weeks. A gang of monkeys attacked a lab technician in Meerut last month, stealing several blood samples taken from Covid-19 patients and running off with them in a scene that seemed lifted straight out of a Hollywood pandemic film.

Read more …

 

 

We try to run the Automatic Earth on donations. Since their revenue has collapsed, ads no longer pay for all you read, and your support is now an integral part of the interaction.

Thank you.

 

 

https://twitter.com/bennyjohnson/status/1273395771912617984

 

 

 

 

 

 

Support the Automatic Earth in virustime.

 

Jun 112020
 


Cy Twombly Achilles’ Shield 1978

 

Virtue signaling in the US of A has already reached new heights, and there’s little reason to believe it won’t reach even much higher as we happily signal along. In the process, we will find that applying logic to the undertaking will take us to unanticipated, and highly undesirable (for most protesters), places. But by then a lot of damage, whether we think that’s a good thing or not, will have been done.

HBO opened a Pandora’s Box all of its own when it pulled Gone With the Wind, despite that fact that Hattie McDaniel was the first black American Oscar nominee AND winner. Let’s erase that too. Along with ALL other films that depict slavery in the “wrong” light, or, better yet, that depict slavery at all.

Let’s ban all links to slavery, let’s pretend it never existed, because if we don’t we will find it’s impossible to decide between what we do and do not want to last. not all people have the same preferences or opinions, and neither do all black people.

And while we’re talking movies, and Columbus statues are toppled across the nation because Christopher (before there were any “Americans”) treated indigenous Americans poorly, do let’s ban all Hollywood westerns in which “Indians” are depicted as cannon fodder. No more John Wayne for you. Gone even the few non-westerns Wayne appeared in, because his name and face are forever linked to killing “Indians”. No more Duke.

 

And why stop there? Just to name an example, Harper Lee’s To Kill a Mockingbird, arguably a great book and a good movie, depicts a white man “being compassionate” to a black man oppressed by other white men. Can’t have that, the oppression is obviously racist and so is the good(!) white(!) man who’s the protagonist of the story, written by a white woman(!).

Let’s leaf through all American and other world literature of the past half millennium that describes slavery, including that which talks about “good white” men. There are no good white men!

Anything to do with native Americans must go. Because they were badly treated throughout the 500 years of history they share with white people (Europeans). They still are, just like African Americans. Same difference. Phillis Wheatley, Harriet Beecher Stowe, Alice Walker, Toni Morrison? Don’t think so. They were all talking about slavery. And we’re toppling statues in order to stop that talk.

Frederick Douglass? You got to be kidding. His autobiography is called “Narrative of the Life of Frederick Douglass, an American Slave“. Isn’t that enough to topple him? James Baldwin, Ralph Ellison, they all remind us of a period we don’t want to be reminded of anymore. It’s enough! No more slavery!

Martin Luther King? Get serious, he talks about nothing but oppression. He even claims black people in his lifetime were still slaves. Muhammad Ali is obviously not welcome anymore, he spoke just about exclusively from the viewpoint of an oppressed man.

 

Washington, D.C. is the capital of the United States of America. George Washington was a slaveholder, he’s obviously out. D.C. stands for District of Columbia, named after Columbus, so that needs a new name. The country gets its name from a Columbus contemporary and fellow explorer who was a slave holder and treated indigenous populations of the countries he “visited” no better than Columbus did. Wikipedia:

Amerigo Vespucci wrote his will in April 1511. He left most of his modest estate, including five household slaves, to his wife.


[..] After Hispaniola they made a brief slave raid in the Bahamas, capturing 232 natives and then returned to Spain.

There once was a time when Washington, D.C. was the capital of the United States of America. But those days must soon be gone. How can you hold on to a name for your capital city that belongs to a man who was a brazen slave holder? Or the district the capital is in? And how can you breathe in a country named after a despicable Italian slaveholder and slave trader?

The US constitution was largely written by slave holders. We’re going to need a new one.

 

 

There are 1747 “symbols of the Confederacy” in the US. I’m guessing Pelosi, once those 11 statues at the Capitol have been toppled, will start work on getting rid of the other 1736 too. And mind you, this doesn’t yet include Columbus, Vespucci, or anyone else who’s “mistreated”, enslaved, murdered, native Americans. We will easily have twice the 1747 number once we include those.

For that matter, if you’re Nancy Pelosi, how and why do you dress up in the “kente cloth” fabrics that originate with the Asanthi people that ruled in present-day Ghana from mid-1600s to mid-1900s, and were themselves … slaveholders and slave traders? Who sold god knows how many African slaves to European slave traders? How can you dress up in the garb of slave traders to protest the mistreatment of the grandchildren of slaves? Short circuit? Temporary?

 

 

For all the protesters other than Pelosi, who herself obviously joined in only for political reasons, here’s a question: Do you oppose slavery, or only slavery on US soil? Because, you know, the Romans had slaves, many African tribes had slaves, present day Chinese people did. Australia? Slave country if I ever saw one. The deeper you dig into history, the more you will find. I don’t want to bore you with an extensive list, because it would be too extensive.

 

 

Or maybe a second question, though it has mostly already been answered: Is this protest only about slavery, or about the oppression of people(s) in general? It’s already been answered in toppling the Columbus statues, since Christopher was not a slavetrader as far as we know, so, see above, we’re talking about both “indians” and “negroes”.

I use both derogatory terms on purpose, precisely because they paint the picture of what things used to be like. That they are no longer tolerated tells a story all by itself. And yes, much more is needed, but can that be achieved by toppling statues and banning books and movies? Is that how those two terms were banned?

We cannot escape our past and probably that’s the reason we shouldn’t try. What we need to do, what our role in the story is, is to not follow in the “footsteps of wrong”, and to do better. Do we have a better chance at doing better and escaping “wrong” if and when we ban all symbols of it, so we can no longer see it?

Or is our best chance to let all these things last so we can point at them to say: that is wrong!? If all the statues and books and movies are gone, how will our children know?

And I haven’t even mentioned the music yet, the unique melting pot of European melodies and African beats that gave the world blues and jazz and rock, all born from the plantation life that so many stories depict, and the music itself, growing under the statuesque eyes of the likes of Jefferson Davis or George Washington.

Maybe if you like your blues and jazz and rock and rap, you should call for the statues and books to remain standing, because without the narratives they bear witness to, there would be no blues, or anything that came after. Maybe you should celebrate your ancestors’ genius that gave America (or whatever you wind up calling it soon) its music, which, accidentally, has conquered all the countries of all the slavetraders of the past.

Maybe the music, the books, represent your ancestors’ victory over their oppressors, and maybe you risk tainting that hard-fought victory by trying to erase the memories of those they fought against to attain it.

And no, you can’t just pick the books and statues and music you would like and dump everything else. It doesn’t work that way. Your neighbor might have slightly different criteria and pick other favorites, and so on.

You can’t say we’ll hold on to Toni Morrison and throw out Harper Lee, you can’t dump Gone With the Wind but keep Guess Who’s Coming to Dinner, because each of these are part of the exact same story.

It’s a package deal, called history. And you’re not going to get the best end of that deal by pretending history doesn’t exist.

 

 

 

We run the Automatic Earth on people’s kind donations. Since their revenue has collapsed, ads no longer pay for all you read, and your support is now an integral part of the deal.

Thank you.

 

 

Support the Automatic Earth in virustime.

 

Jun 112020
 


Banksy Bataclan emergency door 2018 (was stolen in 2019, recovered yesterday)

 

Pelosi Urges Confederate Statues Be Removed From Capitol (AP)
Statues of Christopher Columbus Toppled Across The US (CNN)
Walmart To Stop Keeping ‘Multicutural’ Beauty Products In Locked Displays (R.)
Latin America Hits 70,000 Pandemic Deaths, Daily Record In Mexico (R.)
BHP To Destroy At Least 40 Aboriginal Sites, Up To 15,000 Years Old (G.)
Rio Tinto Destroys 46,000-Year-Old Aboriginal Site: ‘Misunderstanding’ (G.)
Arrival Of Million By Sea Adds To UK Quarantine Doubts (Times)
UK Economy Likely To Suffer Worst COVID19 Damage – OECD (G.)
Fed Vows To Support US Economy’s ‘Long Road’ To Recovery After Dire 2020 (R.)
US Housing ‘Apocalypse’ Coming As Coronavirus Protections Expire (CNBC)
Amazon Bans Police Use Of Facial Recognition Tech – For A Year (BBC)
The Elevator Arises As The Latest Logjam In Getting Back To Work (KHN)
Lilly COVID19 Treatment Could Be Authorized For Use As Soon As September (R.)
Germany Takes In Another 249 Refugee Children From Greece (K.)
FBI Knew Steele Dossier Linked To Clinton, Dems From The Start (JTN)

 

 

Worldometer reports new cases for June 9 (midnight to midnight GMT+0) at + 134,705. A new record.

My count from about 6 am EDT to 6 am EDT is about + 138,341 cases.

New deaths also rose from + 5,032 to + 5,165 (my count + 5,348)

US passed 2,000,000 cases.

 

 

 

 

New cases past 24 hours in:

• US + 20,852
• Brazil + 33,100
• Russia + 8,779
• India + 12,375
• Pakistan + 5,834
• Chile + 5,737

 

 

Cases 7,482,561 (+ 138,341 from yesterday’s 7,344,220)

Deaths 419,488 (+ 5,348 from yesterday’s 414,140)

 

 

 

 

 

From Worldometer yesterday evening -before their day’s close-:

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

Pelosi’s Box. She has no idea. She’s only focused on beating Trump.

Pelosi Urges Confederate Statues Be Removed From Capitol (AP)

House Speaker Nancy Pelosi is demanding that [11] statues of Confederate figures such as Jefferson Davis be removed from the U.S. Capitol. In a letter, Pelosi told a House-Senate committee with jurisdiction over the controversial topic that Confederate statues “pay homage to hate, not heritage. They must be removed.” The California Democrat made the announcement on the very day President Donald Trump vowed on Twitter that he would not rename military bases honoring Confederate generals. Only a short time before Pelosi’s statement, NASCAR announced it would ban displays of the Confederate flag at its races. Confederate monuments have reemerged as a national flash point since the death of George Floyd [..]

Protesters decrying racism have targeted Confederate monuments in multiple cities, and some state officials are considering taking them down. Pelosi lacks the authority to order the removal of the 11 Capitol statues honoring Confederates but is urging the little-noticed Joint Committee on the Library to vote to remove them. Senate Republicans share jurisdiction. “The statues in the Capitol should embody our highest ideals as Americans, expressing who we are and who we aspire to be as a nation,” Pelosi wrote. “Monuments to men who advocated cruelty and barbarism to achieve such a plainly racist end are a grotesque affront to these ideals.” The presence of statues of generals and other figures of the Confederacy in Capitol locations such as Statuary Hall — the original House chamber — has been offensive to African American lawmakers for many years.

https://twitter.com/i/status/1270150850380521475

Former Rep. Jesse Jackson Jr., D-Ill., was known to give tours pointing out the numerous statues. But it’s up to the states to determine which of their historical figures to display. Jefferson Davis, a former U.S. senator from Mississippi who was president of the Confederate States of America, is represented by one of two statues from that state. Pelosi noted that Davis and Confederate Vice President Alexander Stephens, whose statue comes from Georgia, “were charged with treason against the United States.” “Several states have moved toward replacing statues and others appear headed in the same direction. This process is ongoing and encouraging,” said Sen. Roy Blunt, R-Mo., chairman of the Library Committee. “As Speaker Pelosi is undoubtedly aware, the law does not permit the Architect of the Capitol or the Joint Committee of Congress on the Library to remove a statue from the Capitol once it has been received.”

Read more …

Well, let’s see…who’s uncomfortably like Columbus?

Statues of Christopher Columbus Toppled Across The US (CNN)

As racial reckoning occurs across the country following the death of George Floyd, many Confederate statues — which some consider racist symbols of America’s dark legacy of slavery — have been removed. Now, statues of Christopher Columbus, another controversial figure in US history, are also being taken down. There have been three reports of Christopher Columbus statues being tampered with — one thrown into a lake, one beheaded, and another pulled to the ground. Columbus has long been a contentious figure in history for his treatment of the Indigenous communities he encountered and for his role in the violent colonization at their expense. In recent years, many cities and states have replaced Columbus Day with Indigenous Peoples’ Day, in recognition of the pain and terror caused by Columbus and other European explorers.

[..] Elsewhere in the US, about 1,000 people gathered at Byrd Park in Richmond, Virginia on Tuesday, according to CNN affiliate WTVR. The Richmond Indigenous Society said in a tweet ahead of the rally that “we are gathering at Byrd Park to protest yet another racist monument. Christopher Columbus was a murderer of Indigenous people, mainstreaming the genocidal culture against Indigenous people that we still see today. Bring your sage, drum, jingle dress, and mask!”

[..] in Boston, officials removed the Columbus statue located in the city’s North End after it was beheaded Tuesday evening. The statue, which was erected in 1979, had been previously vandalized in 2015, when it was doused in red paint and the words “Black Lives Matter” were spray-painted on the back, CNN affiliate WBZ reported “This particular statue has been subject to repeated vandalism here in Boston, and given the conversations that we’re certainly having right now in our city of Boston and throughout the country, we’re also going to take time to assess the historic meaning of this action,” Mayor Marty Walsh said, according to WBZ.

Read more …

Oh, the webs we weave: “Many companies have issued statements in support of the black community..”

Walmart To Stop Keeping ‘Multicutural’ Beauty Products In Locked Displays (R.)

Walmart Inc will stop keeping personal care products designed for people of color in locked display cases, the retailer said, after the practice drew flak online with many saying it suggested customers for these products cannot be trusted. “We have made the decision to discontinue placing multicultural hair care and beauty products in locked cases,” the company said in an email statement on Wednesday. Walmart said the practice was in place in about a dozen of its 4,700 stores in the United States and the cases were in place to deter shoplifters from products such as electronics, automotive, cosmetics and other personal care products.


[..] The change in Walmart’s policy was prompted by a June 8 CBS News report cbsloc.al/37iJZxv that a Walmart customer had complained of the practice being discriminatory against people of color, while visiting a store in the city of Denver. “The multi-cultural hair care is all locked behind the glass. That’s so ridiculous,” Lauren Epps, a black woman was quoted as saying in the report. Many companies have issued statements in support of the black community, in addition to setting up funds to fight systematic racism. Walmart Chief Executive Doug McMillon has said the company, along with Walmart Foundation, will commit $100 million to create a new center on racial equity.

Read more …

Columbus opened the doors for the conquistadores. 500+ years later, the population still lives that.

Latin America Hits 70,000 Pandemic Deaths, Daily Record In Mexico (R.)

Latin America’s coronavirus crisis reached a grim new milestone on Wednesday with total deaths exceeding 70,000, according to a Reuters count, as Mexico hit a daily record for confirmed infections. Brazil, with the largest economy in the region, remains Latin America’s most affected country as total fatalities are just shy of 40,000, the world’s third highest death toll after the United States and Britain. In the region’s second biggest country Mexico, a new daily record of 4,883 confirmed cases was reported by the health ministry, along with 708 additional fatalities.


The daily totals bring Mexico’s overall official count to 129,184 infections and 15,357 deaths. The World Health Organization has determined that Latin America is the new hotspot for the pandemic, which began around the beginning of the year in China and quickly spread to Europe and beyond. Governments across the globe acknowledge that the real number of infected people is significantly higher than the official counts. Latin American fatalities attributed to the highly-contagious Covid-19 respiratory illness caused by the virus stand at 70,972, while total infections are at 1.45 million.

Read more …

And talking about slavery and the mistreatment of indigenous people…

BHP To Destroy At Least 40 Aboriginal Sites, Up To 15,000 Years Old (G.)

Mining giant BHP Billiton is poised to destroy at least 40 – and possibly as many as 86 – significant Aboriginal sites in the central Pilbara to expand its $4.5bn South Flank iron ore mining operation, even though its own reports show it is aware that the traditional owners are deeply opposed to the move. In documents seen by Guardian Australia, a BHP archaeological survey identified rock shelters that were occupied between 10,000 and 15,000 years ago and noted that evidence in the broader area showed “occupation of the surrounding landscape has been ongoing for approximately 40,000 years”. BHP’s report in September 2019 identified 22 sites of artefacts scatters, culturally modified trees, rock shelters with painted rock art, stone arrangements, and 40 “built structures … believed to be potential archaeological sites”.


Under section 18 of the Western Australian Aboriginal Heritage Act, the traditional owners – in this case the Banjima people – are unable to lodge objections or to prevent their sacred sites from being damaged. They are also unable to raise concerns publicly about the expansion, having signed comprehensive agreements with BHP as part of a native title settlement. BHP agreed to financial and other benefits for the Banjima people, while the Banjima made commitments to support the South Flank project. But the Banjima native title holders told the WA government in April they did not want any of the 86 archaeological sites within the project area to be damaged, saying the “impending harm” to the area “is a further significant cumulative loss to the cultural values of the Banjima people”.

Read more …

Autralia is built on its own unique legacy of destruction.

Rio Tinto Destroys 46,000-Year-Old Aboriginal Site: ‘Misunderstanding’ (G.)

The head of Rio Tinto’s iron ore division said he has “taken accountability” for the destruction of a 46,000-year-old Aboriginal heritage site but refused to give a direct answer when asked if the company knew traditional owners did not want the rock shelter destroyed, saying: “clearly, there was a misunderstanding”. In an interview on Radio National on Friday, the chief executive of Rio Tinto iron ore, Chris Salisbury, said it it had “taken accountability” for the destruction of the site, which was one of two destroyed in a blast to expand the Brockman 4 iron ore mine last month. The two sites were located in Juukan Gorge in the Hamersley Ranges, about 300km inland from Karratha in Western Australia’s iron ore rich Pilbara region.


Traditional owners the Puutu Kunti Kurrama and Pinikura people only learned of the planned detonation on 15 May, nine days before it took place. They said the loss was “soul destroying”. Salisbury said the company “regrettably … thought we had a shared understanding with the PKKP about the future of the sites” and would conduct a review to learn “how did this go wrong from our point of view”. He also refused to provide a direct answer when asked if a statement released by the company last week, which suggested the PKKP had only “recently expressed concerns” about the site, was incorrect. It released another statement apologising “for the distress we caused” but not the destruction, on Sunday.

Read more …

No testing, no quarantines. More people than this arrived by air. No testing. Now that they’ve all landed and had the chance to infect Britons, there’s a quarentine.

Arrival Of Million By Sea Adds To UK Quarantine Doubts (Times)

More than 1.1 million people have arrived in the UK by sea since the start of the year without being forced to self-isolate as concerns mount over the government’s quarantine policy. Official figures show that there were 346,000 arrivals in the UK in March and April alone despite concerns over the transmission of coronavirus, casting further doubt over the government’s quarantine policy which was introduced for arrivals this week. The figures include HGV drivers, who are exempt from the quarantine measures, although it is not known how many fell into the category. Since Monday, anyone arriving in the UK by air, sea and through the Channel Tunnel rail link has been forced to spend two weeks in isolation. This includes Britons returning from abroad. The scheme does not apply to people from Ireland.


The quarantine is part of measures aimed at avoiding a second outbreak of Covid-19 but critics have questioned its value months after such curbs were introduced elsewhere. Giving evidence to MPs yesterday, Sir David Skeggs, 72, emeritus professor of epidemiology at the University of Otago in New Zealand, told the home affairs committee: “These border measures would be most effective if they were done very early.” Scientists also told MPs that summer holidays abroad risked a fresh wave of coronavirus infections across Europe. Gabriel Leung, 47, a dean of medicine at the University of Hong Kong, said it would be safest if mass-market tourism was discouraged. “I can’t imagine anybody going on holiday in any kind of destination where you go to enjoy the sun and actually doing very good hand hygiene and putting on a mask,” he said.

Read more …

Forget these predictions. Nobody has a single clue.

UK Economy Likely To Suffer Worst COVID19 Damage – OECD (G.)

Britain’s economy is likely to suffer the worst damage from the Covid-19 crisis of any country in the developed world, according to a report by the Organisation for Economic Cooperation and Development. A slump in the UK’s national income of 11.5% during 2020 will outstrip the falls in France, Italy, Spain, Germany and the US, the Paris-based thinktank said. Germany’s decline in GDP is forecast to be 6.6% this year while Spain’s GDP will fall by 11.1%, Italy’s by 11.3 and France’s by 11.4%. The US, the world’s largest economy, is expected to take a hit of 7.3%. Highlighting the task awaiting the UK government as it seeks to ease the lockdown, the OECD warned that countries forced to impose the most draconian restrictions faced a long haul back to previous levels of activity.

Anneliese Dodds, Labour’s shadow chancellor, blamed the “deeply worrying” OECD forecast on the government’s “failure to get on top of the health crisis, delay going into lockdown and chaotic mismanagement of the exit from lockdown”, which she argued made the economic impact of the crisis worse. Responding to the report, the chancellor, Rishi Sunak, said the UK was suffering “in common with many other economies around the world” and the priority was to “support people, jobs and businesses through this crisis – and this is what we’ve done”.


Britain, which is forecast to post an increase in unemployment to around 9%, could make its situation more difficult if it failed to secure a lasting agreement with the EU on trade and access to the single market, the OECD said. “The failure to conclude a trade deal with the European Union by the end of 2020 or put in place alternative arrangements would have a strongly negative effect on trade and jobs,” it said. Adding to pressure on No 10 to agree concessions with Brussels to secure a Brexit deal amid the economic damage caused by the pandemic, the credit ratings agency Moody’s warned that a no-deal Brexit would “significantly damage the UK’s potentially fragile recovery from its deepest recession in almost a century”.

Read more …

The Fed supports only banks. But Powell can still spout this insulting nonsense. No journalist ever openly disagrees.

Fed Vows To Support US Economy’s ‘Long Road’ To Recovery After Dire 2020 (R.)

The U.S. Federal Reserve on Wednesday signaled it plans years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting the economy to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at year’s end. In the first economic projections of the pandemic era, U.S. central bank policymakers put into numbers what has been an emerging narrative: that the shutdowns, restrictions and other measures used to battle a health crisis will echo through the economy for years to come rather than be quickly reversed as commerce reopens.

Some 20 million or more people have been thrown out of work since February, and Fed Chair Jerome Powell acknowledged it could take years for them to all reacquire jobs – an economic blow that is falling heaviest on minority communities at a time when mass protests over police brutality have thrown a new spotlight on racial inequality in the United States. Powell, acknowledging the nationwide demonstrations in his opening remarks at a news briefing, said it was now the Fed’s single-minded mission to bring the job market back to where it was at the end of last year, with the unemployment rate at a record low 3.5% and wage gains accumulating for some of the very same lower-paid workers in the service sector that have suffered most during the recent collapse.


[..] At the median, officials see the unemployment rate falling to 6.5% at the end of 2021 and 5.5% at the end of 2022 – still a full 2 percentage points above where it was at the end of last year, representing millions of lost years of work and wages. “The ongoing public health crisis will weigh heavily on economic activity, employment and inflation in the near term and poses considerable risks to the economic outlook over the medium term,” the Fed said in its policy statement. The response has been an unparalleled level of unanimity in the outlook for monetary policy. All 17 current Fed policymakers see the key overnight interest rate, or federal funds rate, remaining near zero through next year, and 15 of 17 see no change through 2022.

Read more …

2 million evictions in the pipeline even before COVID19.

US Housing ‘Apocalypse’ Coming As Coronavirus Protections Expire (CNBC)

Even before the coronavirus pandemic, the U.S. was experiencing what housing experts and advocates deemed an eviction crisis. More than 2 million people face eviction each year, far more than the number of people who faced foreclosure at the height of the 2008 mortgage crisis. Experts expect the eviction crisis to get far worse in the coming months. The Covid-19 economic recession has hit renters especially hard. They make up a disproportionate share of service sector jobs, an industry that has been decimated as a result of the coronavirus shutdowns. In fact, between March 25 and April 10 of this year, nearly half of renters aged 18 to 64 reported that they were having trouble paying their rent or utilities, were food insecure or couldn’t afford needed medical care, according to the Urban Institute.

Thousands of tenants have been missing rent payments over the past few months. People of color have fared worse than white renters due to the disproportionate job loss in their communities, the Urban Institute reports. About 25% of black and Latino renters reported not paying or deferring rent in May, compared to 14% of white renters. To keep people in their homes, the federal government banned evictions in federally assisted properties through July 25, and some cities and states, including Massachusetts, New York and Michigan, put their own temporary eviction moratoriums in place. But many of those bans begin expiring this month depending on the state, according to Princeton University’s Eviction Lab, which tracks evictions across the country.

Plus, the extra $600 per week in federal unemployment benefits is set to expire at the end of July. That extra money is “what has been allowing many people who have lost their jobs to continue paying rent,” Solomon Greene, a senior fellow in housing policy at the Urban Institute, tells CNBC Make It. Coupled with the end of eviction moratoriums, the U.S. is likely to experience an uptick in evictions nationwide in the coming weeks. Evicting people in the middle of a global health crisis puts them at greater risk of contracting and spreading Covid-19, turning “a catastrophe into an apocalypse,” Aaron Carr, founder and executive director of the Housing Rights Initiative, tells CNBC Make It. “A lot of people could be on the streets,” says Carr. “Especially in places like New York City that already have a homeless problem, it could turn into a homeless nightmare.”

Read more …

For a year. That’s all you need to know. About a company that has rich contracts with US intelligence,

Amazon Bans Police Use Of Facial Recognition Tech – For A Year (BBC)

Technology giant Amazon has banned the police from using its controversial facial recognition software for a year. It comes after civil rights advocates raised concerns about potential racial bias in surveillance technology. This week IBM also said it would stop offering its facial recognition software for “mass surveillance or racial profiling”. The decisions follow growing pressure on firms to respond to the death in police custody of George Floyd. Amazon said the suspension of law enforcement use of its Rekognition software was to give US lawmakers the opportunity to enact legislation to regulate how the technology is employed.


“We’ve advocated that governments should put in place stronger regulations to govern the ethical use of facial recognition technology, and in recent days, Congress appears ready to take on this challenge,” Amazon said in a statement. “We hope this one-year moratorium might give Congress enough time to implement appropriate rules, and we stand ready to help if requested.” However, the company said that it would still allow organisations that deal with human trafficking to use the technology. Like other facial recognition products, Amazon’s Rekognition can use Artificial Intelligence (AI) to very quickly compare a picture from, for example, an officer’s phone camera and try to match it with mugshots held on police databases that can hold hundreds of thousands of photos.

Read more …

You mean, that wasn’t obvious yet? Sometimes you guys surprise me.

The Elevator Arises As The Latest Logjam In Getting Back To Work (KHN)

When the American Medical Association moved its headquarters to a famous Chicago skyscraper in 2013, the floor-to-ceiling views from the 47th-floor conference space were a spectacular selling point. But now, those glimpses of the Chicago River at the Ludwig Mies van der Rohe-designed landmark, now known as AMA Plaza, come with a trade-off: navigating the elevator in the time of COVID-19. Once the epitome of efficiency for moving masses of people quickly to where they needed to go, the elevator is the antithesis of social distancing and a risk-multiplying bottleneck. As America begins to open up, the newest conundrum for employers in cities is how to safely transport people in elevators and manage the crowd of people waiting for them.

If office tower workers want to stay safe, elevator experts think they have advice, some practical, some not: Stay in your corner, face the walls and carry toothpicks (for pushing the buttons). Not only have those experts gone back to studying mathematical models for moving people, but they are also creating technology like ultraviolet-light disinfection tools and voice-activated panels. “When there is risk of disease spreading from human to human, continuing to maintain a clean and safe vertical transportation system is critical to help people return to work and safe living,” said Jon Clarine, head of digital services at Thyssenkrupp Elevator, in an email.

After all, most elevators are inherently cramped, enclosed spaces that can barely fit two people safely spaced 6 feet apart, much less the dozen or more that elevators in commercial and residential buildings were designed to hold. They’re a minefield of buttons and surfaces tempting to touch. Air circulation is limited to what a few vents and the opening doors can manage. Plus, they’re usually mobbed during the morning, lunchtime and evening rushes.

Read more …

If news agencies write this sort of thing, while there are hundreds such products being touted, how is that not stealth advertizing and promotion?

Lilly COVID19 Treatment Could Be Authorized For Use As Soon As September (R.)

Eli Lilly and Co could have a drug specifically designed to treat COVID-19 authorized for use as early as September if all goes well with either of two antibody therapies it is testing, its chief scientist told Reuters on Wednesday. Lilly is also doing preclinical studies of a third antibody treatment for the illness caused by the new coronavirus that could enter human clinical trials in the coming weeks, Chief Scientific Officer Daniel Skovronsky said in an interview. Lilly has already launched human trials with two of the experimental therapies. The drugs belong to a class of biotech medicines called monoclonal antibodies widely used to treat cancer, rheumatoid arthritis and many other conditions. A monoclonal antibody drug developed against COVID-19 is likely to be more effective than repurposed medicines currently being tested against the virus.


Skovronsky said the therapies – which may also be used to prevent the disease – could beat a vaccine to widespread use as a COVID-19 treatment, if they prove effective. “For the treatment indication, particularly, this could go pretty fast,” he said in an interview. “If in August or September we’re seeing the people who got treated are not progressing to hospitalization, that would be powerful data and could lead to emergency use authorization.” “So that puts you in the fall time: September, October, November is not unreasonable,” he said. Coronavirus vaccines being developed and tested at unprecedented speed are not likely to be ready before the end of the year at the earliest.

Read more …

Out of over 5,000, most of whom have been in Greece for much of their entire lives.

Germany Takes In Another 249 Refugee Children From Greece (K.)

Germany has taken in an additional 249 refugee children from Greece, the country’s interior minister Horst Seehofer said Wednesday, noting that most of the minors are sick or the siblings of migrants that are already in Germany. “As the rates of coronavirus are currently at this low level, we decided as the Interior Ministry… to take in more children from Greece,” Seehofer said, noting that Germany had already received 47 refugee children in April. Seehofer said that some of his associates visited Greece last week to arrange the transfer of the children.


Six of the youngsters who were too sick to travel last week will be transferred on a subsequent trip, he said. “I always said that my migration policy includes order but also humanity,” the German minister said. Luxembourg, Switzerland, Portugal and France are among the countries that have also taken in child refugees from Greece. Many of the children being relocated belong to the ranks of unaccompanied refugee minors in Greece, who number over 5,000.

Read more …

Tomorrow’s the DC Appeals Court Michael Flynn hearing. Fireworks.

FBI Knew Steele Dossier Linked To Clinton, Dems From The Start (JTN)

Notes and emails that have been kept so far from Senate investigators show the FBI knew from its earliest interactions with Christopher Steele in July 2016 that his Russia research project on Donald Trump was connected to Hillary Clinton and the Democratic Party. The information, so far mentioned only glancingly and in footnotes of a Justice Department report, could provide the Senate Judiciary Committee with the most powerful evidence yet to confront witnesses about why the bureau concealed the political origins of Steele’s work from the FISA court. “So far the bureau is slow-walking this stuff,” a source familiar with senators’ frustrations told Just the News. “We need to see these sort of documents before we question key witnesses.”

Chairman Lindsay Graham (R-S.C.) is seeking a vote later this week to authorize subpoenas that would compel the Christopher Wray-led FBI to produce witnesses and outstanding documents for the committee’s investigation of the Russia investigators. The effort to acquire the original source materials began last December after DOJ Inspector General Michael Horowitz released his explosive report blaming the FBI for 17 mistakes, omissions and acts of misconduct in seeking a FISA warrant against Trump campaign adviser Carter Page. While the headlines since that report have mostly focused on FISA abuses, Senate investigators have also zeroed in on a handful of little-noticed passages in Horowitz’s narrative that reference original FBI source documents showing what agents and supervisors knew about Steele, the former MI6 agent, and the firm that hired him, Fusion GPS.

It wasn’t until late October 2017 that the public and Congress first learned that the law firm Perkins Coie, on behalf of the Democratic National Committee and Hillary Clinton’s campaign, hired Glenn Simpson’s Fusion GPS research firm to have Steele delve into Trump’s Russia connections. And FBI officials have been vague in their explanations about when they knew Steele’s research was tied to Clinton and the DNC and why they did not explicitly inform the FISA court that the Steele dossier used to secure the warrant was funded by Trump’s election opponent. But one passage and two footnotes in Horowitz’s report that have largely escaped public attention suggest the FBI agent who first interviewed Steele about his anti-Trump research in London on July 5, 2016 was aware immediately of a connection to Clinton and that a separate office of the FBI passed along information from an informant by Aug. 2, 2016 that Simpson’s Fusion GPS was connected to the DNC.

[..] The FBI notes and emails from summer 2016 are consistent with recent testimony that Steele gave in a civil case in London, where he testified he told the bureau his research and the Fusion GPS project was connected to Clinton. “I presumed it was the Clinton campaign, and Glenn Simpson had indicated that. But I was not aware of the technicality of it being the DNC that was actually the client of Perkins Coie,” Steele testified in March under questioning from lawyers for Russian bankers suing over his research. Steele confirmed during that testimony that his notes of a 2016 FBI meeting showed he told agents about the Clinton connection.

Read more …

 

 

We try to run the Automatic Earth on people’s kind donations. Since their revenue has collapsed, ads no longer pay for all you read, and your support is now an integral part of the interaction.

Thank you.

 

 

 

 

 

 

Support the Automatic Earth in virustime.

 

May 182020
 


Jack Delano Myrtle Beach, S.C. Air Service Command Technical Sergeant Choken 1943

 

Ardern Becomes New Zealand’s Most Popular PM In A Century (R.)
116 Countries Back Australia’s Push For Independent Corona Inquiry (SBS.au)
Start ‘Travel Bubbles’ For Low-Risk Countries, Heathrow Urges UK Govt (R.)
Profiting from Coronavirus (Craig Murray)
US Mulls Paying Companies, Tax Breaks To Pull Supply Chains From China (R.)
Cuomo Says No One Should Be Prosecuted For Coronavirus Deaths In New York (CBS)
Pelosi Sees Negotiations On New $3 Trillion Coronavirus Legislation (R.)
Senator Rubio Calls For Fast Action To Extend US Payroll Protection Program (R.)
Los Angeles Tells Everyone To Wear Face Masks At All Times While Outdoors (JTN)
EU’s Vestager: Discrepancy In Coronavirus State Aid Distorts Single Market (R.)
Australia Bankers Hope They’ll Avoid A Bad Debt Tsunami (AFR)

 

 

• US records 857 new #coronavirus deaths in 24 hours. Yesterday: 1,277
• The latest toll, marked at 8:30 pm (0030 GMT Monday), is the lowest since 776 daily deaths were recorded May 10, but the count ranged as high as 1,894 in subsequent days

 

 

 

 

 

 

 

Cases 4,820,347 (+ 77,166 from yesterday’s 4,743,181)

Deaths 316,967 (+ 3,264 from yesterday’s 313,703)

 

 

 

From Worldometer yesterday evening -before their day’s close-

 

 

From Worldometer

 

 

From SCMP:

 

 

From COVID19Info.live:

 

 

 

 

Say your child sees the Lord of the Rings films and wants to visit New Zealand. What do you think are the odds they’ll be allowed entry any time soon?

Ardern Becomes New Zealand’s Most Popular PM In A Century (R.)


Jacinda Ardern became New Zealand’s most popular prime minister in a century, a Newshub-Reid Research poll showed on Monday, thanks to her COVID-19 response that made the country among the most successful in curbing the spread of the disease. The first public poll since the coronavirus crisis took hold showed popularity for Ardern’s Labour jumped 14 points to 56.5% – the highest for any party ever. Conversely, the biggest party in parliament – the Nationals, slumped to 30.6%, after sliding by 12.7 points. The poll was conducted between May 8 and May 16, with half of the responses taken after the federal budget on Thursday. As preferred PM, Ardern was at 59.5%, up 20.8 points on the last poll and the highest score for any leader in the Reid Research poll’s history.


The poll took into account public sentiment in the final days of the country’s strict level three lockdown, which also got massive support with almost 92% respondents saying it was the right call. The Pacific nation was locked down for more than a month under “level 4” restrictions that were eased by a notch in late April. It has continued to enforce strict social measures on many of its citizens and businesses, helping prevent widespread community spread of the virus. Businesses in the country including malls, cinemas, cafes and gyms reopened last Thursday. (May 14) Ardern’s stratospheric rise to become the country’s youngest prime minister and third woman to hold the office resulted in New Zealanders coining the phrase “Jacinda-mania.” The rate of new cases have slowed dramatically in New Zealand in recent weeks. The virus has so far infected 1,499 people in New Zealand and killed 21.

Read more …

China says it’s premature to start now because the pandemic is not over. What?

116 Countries Back Australia’s Push For Independent Corona Inquiry (SBS.au)

110 countries have backed Australia’s push for an independent coronavirus inquiry which has caused a damaging rift with China. The African Group’s 54 member states will co-sponsor the motion, joining 62 other countries including Russia, Indonesia, India, Japan, Britain and Canada. The European Union’s 27 members are all on board, along with Brazil, South Korea, Mexico, Turkey and New Zealand. Foreign Minister Marise Payne on Monday said it was encouraging to see so many countries backing the inquiry. “I think what it illustrates is a broad view that given the experience of COVID-19 – over 300,000 deaths, millions of people around the world losing their jobs, the impact on economies from one corner of the globe to the other – that there is a strong view that it is appropriate to engage in a review of what has happened.


“I don’t want to preempt speculate about the outcome, those discussions will be under way later this evening. I think it’s a win for the international community.” The draft resolution calls for impartial, independent and comprehensive evaluation of the international response to the pandemic. It doesn’t mention China, but Australia’s push for the inquiry has angered Beijing, which has threatened a huge tariff on barley and blocked some beef imports. Health Minister Greg Hunt will represent Australia at the virtual World Health Assembly meeting on Monday night. A vote is expected in the early hours of Tuesday.

Read more …

One little problem: the UK itself is not a low risk country.

Start ‘Travel Bubbles’ For Low-Risk Countries, Heathrow Urges UK Govt (R.)

Britain should set up “travel bubbles” with low-risk countries to allow the movement of people, instead of bringing in new coronavirus quarantine rules when flights restart, according to Heathrow Airport. British government ministers have said they plan a 14-day quarantine for most people arriving in the country in the coming weeks to try to prevent a second peak of the pandemic. Airlines have warned the policy will throttle hopes for a travel recovery. Heathrow Airport, which before the novel coronavirus grounded planes was the busiest in Europe, said that it had been working with the UK government’s Department for Transport on proposals to allow some unrestricted travel.


“The proposal would create ‘travel corridors’ or ‘travel bubbles’ allowing free movement between countries or cities that are very low-risk, but potentially blocking flights from high-risk markets to safeguard public health,” the airport said in a statement. Such a set-up would be much less damaging to the economy than the quarantine policy, said Heathrow. The boss of Ryanair, Europe’s biggest airline by passenger numbers, said on Monday that the 14-day policy was unimplementable and unpoliceable and would be ignored by people wanting to travel. The government is yet to provide further details of the quarantine policy. Culture minister Oliver Dowden said earlier on Monday that Britain was still in talks with France over whether to exempt travellers from across the Channel.

Read more …

You can’t go through years of Russiagate and Syria bombings and expect countries to work together. And western Pharma sees huge profits anyway; that’s society’s model after all.

Profiting from Coronavirus (Craig Murray)

On 5 May, the British security services released to their pet media the claim that Russia, China and Iran were attempting to hack into British research institutes conducting coronavirus research. The BBC reported it. Britain’s shameful copy and paste media all, without exception, just copy and pasted the government press release. The Guardian gave the quote: “Any attack against efforts to combat the coronavirus crisis is utterly reprehensible. We have seen an increased proportion of cyber-attacks related to coronavirus and our experts work around the clock to help organisations targeted”.

If Britain had one single mainstream media journalist willing to think, rather than just regurgitate government propaganda, they might have realised that there is a massive story here if you look at it the other way round. The quote from the Guardian deliberately attempted to give the impression that Russia, China and Iran were trying to disable, destroy or hamper coronavirus research: “Any attack against efforts to combat the coronavirus”. But if you read carefully through those articles, you find that the allegation is merely that they are attempting hack in to gain access to the research. Because the UK and the US are attempting to hide their vaccine and treatment research results from the rest of the world to make money out of them.

Much has been written about the possibility for a new and better kind of world to emerge after coronavirus. Yet our governments cannot conceive of any model for fighting this threat to the whole world, other than the capitalist, money-making model. The much-touted “race to develop a vaccine” is not a race to save lives. It is a race to make billions. The United States and the United Kingdom are working in all international fora to head off efforts to pool global research and to make any vaccine or medicine a good for the world. Governments can reward those working on the vaccine, and the companies for providing the facilities, using economic models other than the patent and the potential for massive profit.

It may come as a shock to you to realise that at the moment all those lovely vaccine and medicine researchers you see being interviewed on TV about their efforts to compress trials and approvals and get the product to the marketplace, are not sharing their results with fellow researchers around the world. They are rather jealously guarding them and each working in a bubble hoping to be the first in order to cash in. It is certainly true that many of the researchers themselves do not like this, but are controlled by their bosses.

For me, the failure to set up a worldwide shared scientific database on all coronavirus vaccine and medicine research, and the failure to set up a prior agreement on free manufacture worldwide of effective resulting vaccines and treatments, is the most revealing fact about the entire coronavirus episode. The fact that the British government is putting massive resources into ensuring the Chinese or Russians cannot “steal” our research – and doubtless the Chinese and Russians are doing the same, all states are hypocrites in these matters – should sicken everybody.

Read more …

More incentive for collective action on vaccines.

US Mulls Paying Companies, Tax Breaks To Pull Supply Chains From China (R.)

U.S. lawmakers and officials are crafting proposals to push American companies to move operations or key suppliers out of China that include tax breaks, new rules, and carefully structured subsidies. Interviews with a dozen current and former government officials, industry executives and members of Congress show widespread discussions underway – including the idea of a “reshoring fund” originally stocked with $25 billion – to encourage U.S. companies to drastically revamp their relationship with China. President Donald Trump has long pledged to bring manufacturing back from overseas, but the recent spread of the coronavirus and related concerns about U.S. medical and food supply chains dependency on China are “turbocharging” new enthusiasm for the idea in the White House.


On Thursday, Trump signed an executive order (here) that gave a U.S. overseas investment agency new powers to help manufacturers in the United States. The goal, Trump said, is to “produce everything America needs for ourselves and then export to the world, and that includes medicines.” But the Trump administration itself remains divided over how best to proceed, and the issue is unlikely to be addressed in the next fiscal stimulus to offset the coronavirus downturn. Congress has begun work on another fiscal stimulus package but it remains unclear when it might pass. The push takes on special resonance in an election year. While anti-China, pro-American job proposals could play well with voters, giving taxpayer money or tax breaks to companies that moved supply chains to China at a time when small business is flailing may not.

Read more …

Now Cuomo starts arguing that “all those old people would have died anyway”. Afraid he’ll be blamed?

Cuomo Says No One Should Be Prosecuted For Coronavirus Deaths In New York (CBS)

New York Governor Andrew Cuomo on Sunday addressed the state’s early response to the coronavirus outbreak and said “nobody” should be prosecuted for the those who died, noting that “older people” were most vulnerable. The governor has been criticized for a decision in March, which has since been reversed, to send patients back to nursing homes after they tested positive for COVID-19. More than 4,800 people died from COVID-19 in nursing homes in the state between March 1 and May 1, according to a tally released by the Cuomo administration on May 1. Cuomo has called nursing homes a “feeding frenzy” for the coronavirus. “Despite whatever you do, because with all our progress as a society, we can’t keep everyone alive,” Cuomo said.

The number of deaths in New York state dropped again Saturday to 139 people. When asked about the nursing home deaths, Cuomo noted the 139 people who died on Saturday and asked who is accountable for everyone who died. “How do we get justice for those families of those 139 deaths?” Cuomo said. “Who can we prosecute for those 139 deaths? Nobody. Mother Nature, God, where did this virus come from? People are going to die by this virus, that is the truth.” When pressed further about how some people thought their loved ones would be safe because of Matilda’s Law, Cuomo continued to stress the point that older and more vulnerable people were “always going to die from this virus.”

He said when talking who is accountable for deaths, the most important thing was to make sure “you can have a situation where everyone did the right thing and everyone tried their best.” Cuomo said his top priority was making sure the medical system did not get overwhelmed, calling that a “accountable, avoidable situation.” “That’s what we protected against and we did it successfully,” Cuomo said. Cuomo pushed for all New Yorkers who have symptoms of COVID-19 to get tested. He said New York is now conducting 40,000 tests per day at 700 testing sites. “If you think you have symptoms, get a test. It’s up to you,” he said. “We just don’t have enough New Yorkers coming to be tested.”

Read more …

The GOP will negotiate to make sure its sponsors get a “fair” chunk of the loot. And that’ll be all she wrote.

Pelosi Sees Negotiations On New $3 Trillion Coronavirus Legislation (R.)

U.S. House Speaker Nancy Pelosi said on Sunday there will be negotiations on the new $3 trillion coronavirus relief legislation passed by the Democratic-controlled House of Representatives and that Democrats have “no red lines.” Asked if there has been a Republican response or counteroffer to begin negotiations on the bill passed late on Friday, Pelosi said, “No bill that is proffered will become law without negotiations, so, yeah.” The Democrats’ measure, passed late on Friday, was likely to trigger new talks with congressional Republicans and President Donald Trump’s administration, who have been talking about the need for new business liability protections in the age of coronavirus, or additional tax cuts.


Democrats oppose both of those ideas. Pelosi, however, told CBS’ “Face the Nation” on Sunday that Democrats had “no red lines.” Republican leaders have dismissed the bill, which Trump said he would veto, with Senate Majority Leader Mitch McConnell calling it “dead on arrival.” Some Republicans have said a new relief package could wait until the effects of funding in previous bills are felt, but Pelosi urged a quick resolution to help jobless Americans. More than 36 million people – or more than one in five workers – in the United States have filed for unemployment since the crisis began. “Time is of the essence,” Pelosi said. “In the past bills, they’ve put forth their proposal and then we worked in a bipartisan way. That’s what we all anticipate.”

Read more …

Just as misguided as Pelosi.

Senator Rubio Calls For Fast Action To Extend US Payroll Protection Program (R.)

The United States needs to quickly revise its coronavirus aid program for small businesses to extend the eight-week period in which the law currently requires companies to spend the money, a key U.S. senator said on Sunday. The Paycheck Protection Program established by Congress in late March was aimed at helping businesses keep making payroll for eight weeks, despite orders to shutdown because of the coronavirus pandemic. The eight-week period may be applied to any time frame from mid-February up to June 30. But with many businesses that received loans under the $660 billion PPP program moving toward the end of their eight-week period, Senator Marco Rubio, the Republican chairman of the Senate’s small business committee, said lawmakers need to move fast to extend it.


“The legislative fix needed to #PPP is extending beyond 8 weeks the time period a #SmallBusiness has to spend the funds on payroll. We are hoping to move quickly on this before the first wave of #PPP loan recipients reach the 8 week point,” Rubio wrote on Twitter. While most states have begun to reopen their economies at least in part, some 36 million Americans — one in five in the workforce — have lost their jobs since the pandemic began. Rubio’s Republican party has the majority in the Senate. But the top Democrat on the small business committee, Senator Ben Cardin, has also expressed support for re-examining the eight-week period in the small business program. “I strongly support extending it,” another Senate Democrat, Chris Van Hollen of Maryland, a member of the banking committee, said in a phone interview Sunday. “There’s a real mismatch between that date and the real world situation that many small businesses are facing.

Read more …

How about only when around people?

Los Angeles Tells Everyone To Wear Face Masks At All Times While Outdoors (JTN)

Los Angeles is requiring essentially everybody in the city wear a face covering at all times whenever outdoors, a policy Mayor Eric Garcetti says will help the local economy reopen faster. Garcetti announced the order on Wednesday evening, telling city residents: “Bring your mask with you whenever you leave your home.” Children under 2, as well as a limited number of individuals with disabilities, are exempt from the order, the mayor’s office said in a press release. “Face coverings help stop the spread of the virus,” Garcetti, a Democrat, said in the release. “Wearing them whenever we’re away from home will create a meaningful layer of protection for people we might come into contact with, and that makes sense at this stage of our response to the crisis.”


The order came shortly after Garcetti said that the city will “never be completely open” until scientists discover a cure for coronavirus. The mayor at the time was partially walking back comments made earlier in the day by Los Angeles County Public Health Director Barbara Ferrer, who said Tuesday that the city’s stay-at-home order would be extended “with all certainty” for the next three months.

Read more …

Complete nonsense: “Ensuring a competitive level playing field within its cherished single market of some 450 million people is a central EU tenet”..

Self-contradicting: “..concern about the “huge differences” in coronavirus state aid among member states, saying they were starting to distort the bloc’s single market.”

vs

“..Germany’s extensive bailouts of coronavirus-hit companies could have a ripple effect across the bloc and work as a locomotive for Europe..”

EU’s Vestager: Discrepancy In Coronavirus State Aid Distorts Single Market (R.)

The European Union’s competition chief Margrethe Vestager has expressed concern about the “huge differences” in coronavirus state aid among member states, saying they were starting to distort the bloc’s single market. Germany accounts for more than half of the emergency coronavirus state aid approved by the EU executive, prompting concerns that countries with the deepest pockets might be getting an unfair advantage in the bloc’s single market. In an interview with German newspaper Sueddeutsche Zeitung, Vestager said there was a risk that the different levels of state aid among member states would distort competition and slow the economic recovery from the coronavirus pandemic.

“And this has already happened to a certain extent”, Vestager said, according to a pre-released extract of the interview that the newspaper will publish in its Monday edition. Ensuring a competitive level playing field within its cherished single market of some 450 million people is a central EU tenet and has long been a key condition for opening up to foreign players from China to, more recently, Brexit Britain. But the executive European Commission suspended the normally-strict state aid restrictions in mid-March, allowing the 27 EU states to pump cash into their economies and companies battered by coronavirus, with more than 1.9 trillion euros worth of national schemes approved so far.

Earlier this month, Vestager said that Germany’s extensive bailouts of coronavirus-hit companies could have a ripple effect across the bloc and work as a locomotive for Europe. Asked about an EU recovery plan expected to be announced on May 27, Vestager said there were no guarantees that it would be sufficient but said officials were trying to do their best.

Read more …

It’s not the virus, it’s the housing bubble that’ll decide this.

Australia Bankers Hope They’ll Avoid A Bad Debt Tsunami (AFR)

On the face of it, the stats look abysmal. There are 7.7 million Australian workers on some form of government welfare. Repayments have been frozen on 10 per cent of mortgages and 15 per cent of SME loans. Bankers have been left with about $220 billion in loans that aren’t being serviced. Little wonder then that some analysts are querying whether the $5 billion that the big four banks have set aside to cover the losses they’ll sustain from the economic collapse triggered by the pandemic will be sufficient. Now, bankers continue to emphasise that they won’t know the extent of their problem loans for another month, when they start contacting the home owners and small business owners who opted to defer their loan repayments.


But at this stage, bankers appear quietly optimistic that the rise in their soured loans this time around are unlikely to be anywhere near as serious as the hit they took from the 1990s recession, or even the losses they sustained during the global financial crisis. There are two reasons for this confidence. In the first place, the latest downturn has been very uneven across the economy. Workers in the services sector – particularly hospitality, accommodation, food services and retail trade – have suffered far more than, say, those employed in the finance or government sectors. But because the jobs in these sectors tend to be lower paid, with a higher proportion of younger employees working casual hours, those working in these sectors tend not to meet the income requirements for a home loan borrower.

Read more …

We try to run the Automatic Earth on people’s kind donations. Since their revenue has collapsed, ads no longer pay for all you read, and your support is now an integral part of the process.

Thank you.

 

 

Note: Navarro says in this clip that remdesivir has been saving many lives. But we know it has no such effect. It shortens hospital stays at best.

 

 

 

 

 

 

 

 

 

 

Support the Automatic Earth in virustime.

 

Apr 222020
 


DPC Yard of tenement, Manhattan, New York City 1900

 

In US COVID19 Can No Longer Be Listed As Primary Cause Of Death (Salon)
England, Wales COVID19 Death Toll 41% Higher Than Government Figures (FT)
UN: Coronavirus Pandemic ‘Will Cause Famine Of Biblical Proportions’ (G.)
Missouri Is Suing China Over Coronavirus Impacts (CNN)
CDC’s Failed Coronavirus Tests Were Tainted With Coronavirus (AT)
CDC Chief Warns Second COVID-19 Wave May Be Worse (R.)
The COVID-Crisis And Leader Approval Ratings (ZH)
15 Deaths In US Airline Industry In 9 Days Linked To Coronavirus (LAT)
No Screening For Passengers Arriving At Heathrow From Virus Hotspots (DM)
The Risks Of Relying On China For Critical Medical Supplies (SCMP)
Donna Shalala Failed To Disclose Stock Sales In 2019 (MH)
Lawsuit Claims 10 Big Banks Rigged Market For ‘Odd-Lot’ US Corporate Bonds (R.)

 

 

• U.S. reports 37,519 new cases of coronavirus and 2,707 new deaths.
Total of 824,889 cases and 45,042 deaths

• nearly 40,000 new cases reported between Monday 8:30pm local time, and Tuesday at the same time – Johns Hopkins University

• Reported US coronavirus deaths:
8 weeks ago: 0 deaths
7 weeks ago: 9 deaths
6 weeks ago: 31 deaths
5 weeks ago: 111 deaths
4 weeks ago: 704 deaths
3 weeks ago: 3,834 deaths
2 weeks ago: 12,895 deaths
1 week ago: 26,033 deaths
Right now: 45,039 deaths

• Cases-Top 12 States
New York: 251,690
New Jersey: 92,387
Massachusetts: 41,199
Pennsylvania: 34,528
California: 33,261
Illinois: 33,059
Michigan: 32,967
Florida: 27,495
Louisiana: 24,854
Connecticut: 20,360
Texas: 20,196
Georgia: 19,881

• 33 workers at meat processing plant in Minnesota test positive for coronavirus. Plant closed indefinitely.

 

 

Cases 2,573,471 (+ 74,991 from yesterday’s 2,498,480)

Deaths 178,558 (+ 7,225 from yesterday’s 171,333)

 

 

 

From Worldometer yesterday evening -before their day’s close-

 

 

From Worldometer – NOTE: among Active Cases, Serious or Critical fell to 3%. Among Closed Cases, Deaths have fallen to 20%

 

 

From SCMP:

 

 

From COVID19Info.live: Note: Turkey, Russia, UK are the biggest risers

 

 

 

 

What a relief! Now the US won’t top 1 million cases in April, but only in May. Then again, at 40,000 cases a day like the past 24 hours, forget about that too

In US COVID19 Can No Longer Be Listed As Primary Cause Of Death (Salon)

George Kelder is CEO and executive director of the New Jersey State Funeral Directors Association, whose members are responsible for dealing with bodies at the hospital, congregant care facilities and private residences. He warns that if we rely solely on official numbers carried on the TV, we may not fully appreciate the lethality of the virus, and indeed may overestimate our success in combating it. In a phone interview, Kelder confirmed that on April 15 New Jersey’s Office of Vital Statistics and Registry, in accordance with the CDC’s National Vital Statistics System, had ordered that deaths of confirmed or suspected COVID-19 patients should no longer be reported with that disease as the immediate cause of death.

“The guidance, available on the New Jersey’s Electronic Death Registration System website, states that COVID-19 is not considered an immediate cause of death and should NOT be reported by the medical certifier on the first line of section 36a (CAUSE OF DEATH, PART I) of the death certificate,” the association advised its members. “Instead, the immediate cause of death, such as “Acute Respiratory Distress Syndrome,” should be listed on the first line. COVID-19 should be listed LAST in Section 36a after the immediate cause(s) has been listed.” “During the five weeks of these fatalities, New Jersey physicians had been instructed to used COVID-19, Coronavirus 19 or ‘pending COVID-19’ as the primary cause of death,” Kelder said.


“Last week, because of changes on the national level, the primary cause of death can no longer be COVID-19. It can be a secondary cause or a consequence of the primary cause of death. But the primary cause of death must be something other than the virus itself.” Kelder observed that pervasive lack of testing, along with this bureaucratic gamesmanship around how COVID-19 deaths are to be classified, could mean that the numbers being used officially “would not be equal to what is happening on the street. “My concern is that we will be getting a false sense of the fatalities based on an administrative and statistical change in reporting,” he said.

Read more …

This happens everywhere.

England, Wales COVID19 Death Toll 41% Higher Than Government Figures (FT)

The true death toll from coronavirus in England and Wales up to April 10 was about 41% higher than the UK government’s daily update, according to data released by the country’s Office of National Statistics (ONS). The daily updates on the government’s website only include deaths in hospitals — not other locations, including hospices, care homes and private residences. They also don’t account for the lag in reporting some deaths. The weekly data released by the ONS records deaths where coronavirus is mentioned on the death certificate — even if only suspected. The latest ONS data for deaths up to April 10 (but recorded by April 18) is 13,121.


By comparison, the ONS says the corresponding figure released on the UK government website for England and Wales was 9,288. That’s a difference of 41%. The data also shows the number of coronavirus-related deaths in nursing homes has almost doubled in the five weeks that the ONS has been recording Covid-19 statistics. The total number of deaths registered in England and Wales in the week ending 10 April was 18,516 — the highest weekly total since 2000. The number of deaths in care homes has doubled from four weeks earlier, when the first Covid-19 deaths were registered, and there has been a 72.4% increase in hospitals, and a 51.1% increase in private homes, according to the ONS.

Read more …

As westerners worry about when to get a haircut…

UN: Coronavirus Pandemic ‘Will Cause Famine Of Biblical Proportions’ (G.)

The world is facing widespread famine “of biblical proportions” because of the coronavirus pandemic, the chief of the UN’s food relief agency has warned, with a short time to act before hundreds of millions starve. More than 30 countries in the developing world could experience widespread famine, and in 10 of those countries there are already more than 1 million people on the brink of starvation, said David Beasley, executive director of the World Food Programme. “We are not talking about people going to bed hungry,” he told the Guardian in an interview. “We are talking about extreme conditions, emergency status – people literally marching to the brink of starvation. If we don’t get food to people, people will die.”

Covid-19 is likely to be sweeping through the developing world but its spread is hard to gauge. What appears to be certain is that the fragile healthcare systems of scores of developing countries will be unable to cope, and the economic disaster following in the wake of the pandemic will lead to huge strain on resources. “This is truly more than just a pandemic – it is creating a hunger pandemic,” said Beasley. “This is a humanitarian and food catastrophe.” Beasley took his message to the UN security council on Tuesday, warning world leaders that they must act quickly in a fast-deteriorating situation. He urged them to bring forward about $2bn of aid that has been pledged, so it can get to the frontline as quickly as possible.


Another $350m (£285m) is also needed to set up the logistics network to get food and medical supplies – including personal protective equipment – to where it is needed, including air bridges where ground transport is impossible. Even before the Covid-19 crisis, Beasley was appealing to donor countries to up food relief funding to the poorest, because conflict and natural disaster were putting severe strain on food systems. “I was already saying that 2020 would be the worst year since the second world war, on the basis of what we forecast at the end of last year,” he said. Added to that, earlier this year East Africa was hit by the worst locust swarms for decades, putting as many as 70 million people at risk.

Read more …

Was looking for a better write-up of this, but couldn’t find one. Most comments say this is just posturing since you can’t sue a state, but they’re suing companies and individuals too, and that may work very differently.

Missouri Is Suing China Over Coronavirus Impacts (CNN)

Missouri is suing the Chinese government and other top institutions for the role they played in the coronavirus pandemic and the effects it has had on the state, accusing the country of covering up information, silencing whistleblowers and doing little to stop the spread of the disease, Missouri Attorney General Eric Schmitt announced Tuesday. At least 6,105 people have been confirmed to have the virus in Missouri and at least 229 have died, according to numbers from Johns Hopkins University Schmitt, in his official role as attorney general of Missouri, filed the civil lawsuit in federal court in the eastern district of Missouri.

The lawsuit, the first of its kind, claims “Chinese authorities deceived the public, suppressed crucial information, arrested whistleblowers, denied human-to-human transmission in the face of mounting evidence, destroyed critical medical research, permitted millions of people to be exposed to the virus, and even hoarded personal protective equipment—thus causing a global pandemic that was unnecessary and preventable.” Legal experts have said the lawsuit faces an uphill battle because China is protected by sovereign immunity. CNN is reaching out to the Chinese government for comment. Missouri’s lawsuit alleges that while the Chinese medical community had indications of human-to-human transmission of the virus, they did not inform the World Health Organization when they first reported the outbreak.


It also alleges Chinese leaders did little to curb spread of the virus, still allowing thousands of people to travel to and out of Wuhan. “In mid-January, on or around January 16, despite knowing the risks of doing so, Wuhan leaders hosted a potluck dinner for 40,000 residents, increasing the potential spread of the virus,” it says. “Defendants allowed these massive public gatherings and massive exodus from Wuhan despite knowing the risks of COVID-19, including the risk of human-to-human transmission.” The filing also outlines how officials initially cracked down on medical professionals who posted information about the virus, including Dr. Li Wenliang, who was accused of rumor-mongering by the Wuhan police after sharing information about a new illness with his medical school alumni group. Wenliang later died of the virus.

Read more …

Surprised? Me?

CDC’s Failed Coronavirus Tests Were Tainted With Coronavirus (AT)

As the new coronavirus took root across America, the US Centers for Disease Control and Prevention sent states tainted test kits in early February that were themselves seeded with the virus, federal officials have confirmed. The contamination made the tests uninterpretable, and—because testing is crucial for containment efforts—it lost the country invaluable time to get ahead of the advancing pandemic. The CDC had been vague about what went wrong with the tests, initially only saying that “a problem in the manufacturing of one of the reagents” had led to the failure. Subsequent reporting suggested that the problem was with a negative control—that is, a part of the test meant to be free of any trace of the coronavirus as a critical reference for confirming that the test was working properly overall.


Now, according to investigation results reported by The New York Times, federal officials confirm that sloppy laboratory practices at two of three CDC labs involved in the tests’ creation led to contamination of the tests and their uninterpretable results. Shortly after the problems became apparent in early February, the Food and Drug Administration sent Timothy Stenzel, chief of in vitro diagnostics and radiological health, to the CDC to investigate what was going wrong. According to the Times, he found a lack of coordination and inexperience in commercial manufacturing. Problems that led to the contamination included researchers coming and going from labs working on the test kits without changing their coats and researchers sharing lab space to both assemble test components and handle samples containing the coronavirus.

Read more …

Or not.

CDC Chief Warns Second COVID-19 Wave May Be Worse (R.)

A second wave of the coronavirus is expected to hit the United States next winter and could strike much harder than the first because it would likely arrive at the start of influenza season, the director of the Centers for Disease Control and Prevention warned on Tuesday. “There’s a possibility that the assault of the virus on our nation next winter will actually be even more difficult than the one we just went through,” CDC Director Robert Redfield told the Washington Post in an interview. As the current outbreak continues to taper off, as shown by a recent decline in hospitalization rates and other indicators, authorities need to prepare for a probable resurgence in the months ahead. “We’re going to have the flu epidemic and the coronavirus epidemic at the same time,” he said, and the combination would put even greater strain on the nation’s healthcare system than the first outbreak..

Read more …

The very people who failed the worst get most praise. Stop it. Yeah, they can be good little managers, but that doesn’t excuse them being months late.

The COVID-Crisis And Leader Approval Ratings (ZH)

Despite the massive impact of the coronavirus crisis in Italy, where over 180 thousand people have so far contracted the virus and 24 thousand people have died, leading to the country’s healthcare system to be catastrophically overwhelmed, its leader Giuseppe Conte is riding an unprecedented wave of popularity. Having Jumped to 71 percent in March, his highest rate since taking office, his approval rating in April is 63 percent – still a whole 11 points higher than his figure for February before the national lockdown was announced.


As Statista’s Martin Armstrong notes, it’s a similar story in the UK too, where Boris Johnson, who spent a couple of nights in intensive care due to Covid-19 himself, is 18 points up on February. This, although his government’s response has been under severe fire in recent weeks due largely to low testing capacity and a drastic lack of PPE for medical staff. Where this coronavirus goodwill ends though is in the United States where the starkly divided population has been unmoved by Donald Trump’s crisis response to cross any of the deeply set party lines. Comparing poll averages in February to those in April show a very modest one-point increase for the president.

Read more …

Subtitle: Why Are Planes Still Flying?

15 Deaths In US Airline Industry In 9 Days Linked To Coronavirus (LAT)

Somehow, word got around among retired New York City firefighters about a perfect second-career job: a local company, with lots of travel perks. One by one, they became flight attendants at JetBlue. Ralph Gismondi was among the first of an estimated 30 or so former firefighters who joined the airline. He retired as a fire captain after several decades that included a stint at ground zero on 9/11. He began working as a flight attendant for JetBlue in 2003 and saw each trip as a chance to fine-tune his comedy routine over the public address system. On layovers, he would play the piano in hotel lobbies and rally other flight attendants for nights out on the town, coworkers said. On April 5, Gismondi became the first JetBlue employee to die of COVID-19. Within days, two more JetBlue deaths linked to the coronavirus followed.


Pilot Kevin McAdoo, a U.S. Air Force veteran, died April 7. Then, 27-year-old Jared Lovos, a fitness enthusiast who had been a JetBlue flight attendant and recently transferred to human resources, died April 10. Across the industry, The Times learned of at least 15 workers who have died from COVID-19 from April 5-13, according to the airlines, unions and interviews with family members and friends. Yet without any central tracking, the true number of deaths in the airline industry is likely to be significantly higher. An American Airlines gate agent at Los Angeles International Airport, an aircraft mechanic at a Tulsa, Okla., airport, a baggage handler at Dallas-Fort Worth and a food services manager at JFK airport in New York are all counted among the recent dead. And the human toll of air travel is mounting.

Read more …

No wonder airline staff are dying.

No Screening For Passengers Arriving At Heathrow From Virus Hotspots (DM)

Even the blue face mask covering the Iranian-British businessman’s face couldn’t conceal his consternation as he emerged into the arrivals hall at Heathrow Airport. Before boarding his Iran Air flight from Tehran, Farzad Parhizkar’s temperature – and those of the other 80 or so passengers – was checked by a laser-beam thermometer, he told me. They had also been obliged to fill in a form giving such details as their name and address, destination, reason for travel, and whether they had any symptoms of coronavirus. ‘Then, when I arrive here in London, there is nothing at all,’ he said, his eyebrows raising above the mask. ‘There was no temperature check, no questions about my health, no advice on how to avoid catching the virus. Nothing. Everything was all just like the world is normal.’

It was a criticism I heard repeatedly at Heathrow yesterday and on Sunday as I spoke to some of the 15,000 travellers who are – by Health Secretary Matt Hancock’s latest estimate – still flying into Britain every day. Of these, the Department for Transport claims about 10,000 are landing at London’s main hub, while others are coming in through Gatwick, Manchester and Birmingham. At a time when the nation is in lockdown, the very fact that these airports remain open to commercial flights is surely questionable enough. That we are continuing to welcome passengers from countries such as Iran, where the official Covid-19 death rate stood yesterday at 5,209 (though many believe the mullahs are lying and that it is considerably higher) seems like utter madness.


Yesterday morning, flights also arrived from New York – the city with the world’s highest number of coronavirus deaths, 13,869 – Los Angeles (California, 1,072 deaths), Chicago (Illinois, 1,290), Miami (Florida, 764), Dallas (Texas, 467) and Washington DC (624). Later, planes were due in from Rome, Madrid and Paris – three capitals at the epicentre of this pandemic – as well as from Tokyo, Lagos, Lisbon and Ahmedabad in India. According to Heathrow’s website, the purpose of keeping the airport open is to help repatriate British citizens and import vital freight, such as medical equipment and food. It points out that traffic has fallen by 75 per cent while cargo has increased by 200 per cent.

Read more …

If you write on the topic, at least give some examples of countries doing something about it. Plenty to do in Japan.

The Risks Of Relying On China For Critical Medical Supplies (SCMP)

[..] when Covid-19 spread to the rest of world, policymakers and politicians in the West were faced with a more critical challenge concerning national health, state security and geopolitics, as they all depend on China for critical medical supplies in their life-and-death battles against the lethal pandemic. Most developed economies rely on China to supply products such as personal protective equipment, testing materials, face masks, medicine and pharmaceutical materials. In this pandemic, China’s dominance in some strategically significant sectors, such as the active pharmaceutical ingredient industry, may well serve as a wake-up call for political elites in Washington’s corridors of power and the chancelleries of Europe.

[..] The Covid-19 pandemic is simultaneously a supply-side and demand-side shock, underscoring the potential public health, humanitarian and geopolitical crisis, and exposing flaws in the global system. Economically, countries have become more connected and interdependent. Politically, however, governments rule in totally different ways with different objectives. Yet, Adam Smith’s The Wealth of Nations does not take into account the conflicts of politics, economics among them. Similarly, David Ricardo’s theory of comparative advantage espouses the effectiveness and efficiency of free-market competition, but says nothing about geopolitical rivalry.


Covid-19 comes amid escalating tension and rivalry between US-led alliances and China, given China’s fast-growing clout and Beijing’s pivot towards greater authoritarian rule domestically and a greater assertiveness internationally in the past decade or so. The pandemic has served to convince policymakers and strategists in the West not only of the economic risk of their over-reliance on a single country for critical supplies, but also the geopolitical risk of relying on a nation they call a “strategic rival”. Covid-19 will undoubtedly hasten the efforts of Western nations to not only diversify their supply sources to reduce economic risks, but also to diversify away from China to reduce the national security and geopolitical hazards.

Read more …

As American as apple pie. Pelosi’s go-to girl for the bailouts. “We’re after fraud.”

Donna Shalala Failed To Disclose Stock Sales In 2019 (MH)

Miami Democratic Rep. Donna Shalala, the lone House Democrat on the committee set up to oversee $500 billion in taxpayer money being used for coronavirus-related payouts to large businesses, violated federal law when she failed to disclose stock sales while serving in Congress. Shalala told the Miami Herald on Monday she sold a variety of stocks throughout 2019 to eliminate any potential conflicts of interest after she was elected to Congress in November 2018. But the transactions were not publicly reported as required by the STOCK Act, a 2012 law that prohibits members of Congress and their employees from using private information gleaned from their official positions for personal benefit and requires them to report stock sales and purchases within 45 days. Shalala’s office said the congresswoman and her financial adviser made a mistake.

Shalala, the former head of the Department of Health and Human Services under President Bill Clinton, is in the process of setting up a blind trust for her assets, and transactions made within a blind trust without a lawmaker’s knowledge are not required to be disclosed. But the blind trust isn’t finalized, meaning any transactions would need to be made public. “She had a misunderstanding about the periodic transaction report process and her need to report the sale of these stocks while preparing a blind trust,” Shalala spokesperson Carlos Condarco said. “As a new member with a broker and attorney who were not familiar with the congressional disclosure rules, there was a misunderstanding.” Shalala acknowledged the transactions after she was selected by House Speaker Nancy Pelosi to represent House Democrats on a bipartisan panel that will monitor $500 billion in payouts to large businesses affected by the coronavirus.


On her 2018 financial disclosure, the most recent that is publicly available, Shalala said she owned a number of stocks in companies that could be eligible to seek federal bailouts, a potential conflict of interest. Shalala’s appointment to the five-person commission put her in the role of helping to supervise efforts by the U.S. Treasury Department and the Federal Reserve to stabilize the economy by lending hundreds of billions of dollars to struggling businesses, hospitals, municipalities and states. It will hold hearings and issue monthly reports to Congress. “Treasury got a huge pot of money to bail out large industries, specifically airlines,” Shalala said, of her role on the committee. “What we’re really after is mischief. We’re after fraud.”

Read more …

Actually, it wasn’t the banks, it was their execs. So sue them.

Lawsuit Claims 10 Big Banks Rigged Market For ‘Odd-Lot’ US Corporate Bonds (R.)

Ten of the world’s largest banks, including JPMorgan Chase and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars. The proposed class action filed on Tuesday in federal court in Manhattan said the banks have since August 2006 violated antitrust law by overcharging investors on “odd-lot” trades, which are worth less than $1 million and comprise 90% of all corporate bond trading. Other defendants include Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, Royal Bank of Scotland and Wells Fargo & Co, or their respective affiliates.


According to the 81-page complaint, the banks leveraged their power from handling more than two-thirds of U.S. corporate bond underwriting to quietly inflate spreads between the prices where they would buy and sell odd-lot bonds. This allegedly resulted in spreads 25% to 300% higher than on “round-lot” trades over $1 million, which are normally conducted by institutional investors, enabling the banks to reap higher compensation while boosting retail investors’ trading costs. “No reasonable economic justification explains the magnitude of the pricing disparity,” the complaint said. It added that odd-lot spreads are narrower even in foreign bond markets with lower volumes and liquidity.

Read more …

 

We would like to run the Automatic Earth on people’s kind donations. Since their revenue has collapsed, ads no longer pay for all you read, and your support is now an integral part of the process.

Thanks for your generousl donations to date.

 

 

 

 

https://twitter.com/i/status/1129481220289642502

 

 

Support the Automatic Earth. It’s good for your mental health.