Nov 142022
 
 November 14, 2022  Posted by at 9:54 am Finance Tagged with: , , , , , , , , ,  47 Responses »


Rembrandt van Rijn Let the little children come to me 1627-28

 

The Role Of “Useful Idiots” In Modern PSYOPS (Saker)
G20 Host Urges West To Soften Anti-Russia Rhetoric – Politico (RT)
SBF’s Disgrace Awkward For Gary Gensler And The Democrats (Fortune)
Ukraine Invested In Top Dem Donor’s Crypto Company FTX (PM)
America’s Neo-Nazi Bedfellows In Ukraine Latest In a Long Line (Tony Cox)
The Road to Totalitarianism -Revisited- (CJ Hopkins)
White House Launches ‘Climate Gender Equity Fund’ (RT)
The ‘Garden Vs Jungle’ Worldview Is Not Only Racist, It’s Delusional (Hryce)
Washington Attempts to Bully India into Cutting Ties with Russia (NC)
IMF Says Global Economic Outlook Getting ‘Gloomier’ (Az.)
German Retailers Face Nightmare Before Christmas (RT)
Twitter Starts Massive Reductions In Contractors (RT)
US Senator Threatens Elon Musk (RT)
COVID-19 Mortality in England ‘Extremely Rare’ Among Under-20s (ET)

 

 

 

 

A Freeze in the Conflict?

 

 

 

 

Chappelle

 

 

Footprint

 

 

 

 

“doubleplusgoodshiteaters”

The Role Of “Useful Idiots” In Modern PSYOPS (Saker)

The second thing I need to address is what I believe is an analytical mistake by Bernhard on Moon of Alabama. He wrote that “This move is operationally sound” and yet he added “Strategically the move is bad“. We could wonder how a move could be operationally sound but strategically bad, but let’s not even go there. Bernhard’s argument is that “It closes for now the possibility of moving into Nikolaev (Mykolaiv) and further towards Odessa“. The problem here is that when we look at a map of the region we realize something very important: there are plenty of streams and rivers which flow north to south and which flow into the Black Sea. So any move along the coastline would imply having to get across quite a few river. Is this possible? Yes, absolutely.

But is that the best option? I am not so sure at all. I will simply say that this is the option the Ukronazis and NATO have been preparing for. Another option might be to move not West but North and then turn West to basically take all the NATO defenses around the Black Sea coastline from behind. Did I mention that there is now a joint Russian-Belarussian force deployed in Belarus which seems to worry NATO a lot and which could be used to pin down NATO forces near and north of Kiev. Is that what the Russians are planning? I don’t know. All I know is that it is wrong to assume that the only way to get to Odessa is by fighting along the coastline. Last, but not least, there is the (inevitable) rumor of a deal having been made between Putin and… … huh… well… somebody in the West (who? Brandon? Sunak? Macron?).


Now that is pure, unadulterated bullshit which only true doubleplusgoodshiteaters could swallow (though clickbaiters will use it to get their clicks and visibility!). Russia and the West have been locked into an existential war for survival since AT LEAST 2013 and we are very close to a possible nuclear war, but some folks still think that Putin works for the US, the WEF, Klaus Schwab, Bibi Netanuyahu. etc. etc. etc. My position on that is simple: anybody seriously believing this crap is not worth talking to, you would have better success arguing with a door nob. I sure won’t bother with them. I would also note that IF a real behind-the-scenes deal was made, the chances of Putin finalizing that deal with Western leaders at the G20 would be a perfect opportunity to finalize a deal. Yet, in reality, Putin is not even going to attend. Reach your own conclusions.

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German PM Scholz says he wishes Putin were in Bali, so the west can tell him what they think of him.

Scholz is fully blind to the fact that the west is a minority.

G20 Host Urges West To Soften Anti-Russia Rhetoric – Politico (RT)

G20 Summit host Indonesia is reportedly seeking to prevent the gathering of world leaders from becoming a Russia-bashing fest, urging Western politicians to temper their criticism of Moscow so all members can be brought on board with a communique at the end of the event. Indonesian President Joko Widodo and other officials in his government have asked Western leaders to make concessions on the extent of their anti-Russia rhetoric over the Ukraine crisis, Politico reported on Sunday, citing three unidentified diplomats with knowledge of the talks. The two-day summit will begin on Tuesday in Bali, and Widodo hopes to find enough common ground that all G20 members, including Russia and China, can agree to a group declaration.

Widodo also aims to prevent the group from following in the footsteps of the G8, which kicked out Moscow and became the G7 after Crimea voted to become part of Russia in 2014. A G7 statement earlier this month condemned Russia for its “war of aggression” against Ukraine and called for all Russian forces to be withdrawn from the former Soviet republic. The group also accused Russia of war crimes in Ukraine and blasted the Kremlin for “irresponsible nuclear rhetoric.” Such a statement wouldn’t likely find consensus in Bali, where Russia will be represented by Foreign Minister Sergei Lavrov. Several other G20 members, including China, India, Brazil and Saudi Arabia, would be reluctant, at the least, to sign on to a communique rebuking Russia. Politico said one possibility would be to issue a more general joint statement calling for “upholding international law.”


“Obviously we can’t be as tough as we do it in G7 when you need the Russians, Chinese and Saudis to agree,” a Western diplomat told the media outlet. “The question is how much we need to delete.” The US, Canada, Japan, Australia and major European countries are among the G20 members that Indonesian officials are targeting with their pleas for softer rhetoric. Widodo also hopes to avoid controversy over a group photo, like those typically taken at G20 meetings to show solidarity, given that some members might be reticent to line up in the same image with Lavrov. Last month, before Moscow announced that President Vladimir Putin wouldn’t attend the summit, Politico reported that White House officials were taking steps to ensure that Biden wouldn’t cross paths with the Russian leader.

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“@GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly.”

SBF’s Disgrace Awkward For Gary Gensler And The Democrats (Fortune)

Gary Gensler blew it again. After his agency failed to warn investors about Terra and Celsius—whose collapses this spring sparked a trillion-dollar investor wipeout—the Securities and Exchange Commission chair allowed an even bigger debacle to unfold right under his nose. I’m talking, of course, about the revelation this week that the $30 billion FTX empire was a house of cards and that its golden boy founder, Sam Bankman-Fried, is the crypto equivalent of Theranos’s Elizabeth Holmes. To be fair, Gensler was not the only one suckered by SBF. Nearly everyone else—myself included—fell for the narrative that SBF, with his cute afro and aw-shucks demeanor, was exactly the savior crypto needed to shake off its dodgy reputation and emerge as part of the mainstream financial system.

The problem is that cop-on-the-beat Gensler not only failed to spot the crime—he appeared set to go along with a legislative strategy that would have given SBF a regulatory moat and made him king of the U.S. crypto market. According to Washington insiders I spoke with, the reason behind SBF’s decision this summer to obtain control over BlockFi was to benefit from the troubled crypto lender’s recent settlement with the SEC—basically extending the amnesty BlockFi had received to FTX. Meanwhile, FTX’s recent tie-up with securities exchange IEX (of Flash Boys fame) would also help SBF’s empire come under the U.S. regulatory umbrella. All of this would clear FTX to have the U.S. market to itself as the company lobbied for legislation that could have torpedoed competitors like Binance as well as the emerging DeFi sector.


This appears to be what prominent House member Tom Emmer (R-Minn.) was referring to when he tweeted on Thursday that “@GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly.” Gensler, a former campaign finance chair for Hillary Clinton, is of course not the only prominent Democrat who may have been willing to flex his influence on behalf of FTX. SBF, you may recall, was one of the biggest donors to President Joe Biden, while his parents—both Stanford law professors—have ties to the party. His mother, Barbara Fried, leads a group called Mind the Gap that helps raise Silicon Valley cash for Democrats, while his father, Joseph Bankman, drafted tax legislation for the powerful Sen. Elizabeth Warren (D-Mass). It’s not a stretch to imagine SBF sought to exploit these political ties to his benefit.

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“It’s fascinating to see that the majority of the net equity in the Alameda business is actually FTX’s own centrally controlled and printed-out-of-thin-air token..”

Ukraine Invested In Top Dem Donor’s Crypto Company FTX (PM)

Roughly $5 billion was withdrawn from FTX on Sunday. The trouble began for FTX last week when rival crypto company Binance said they were selling off their holdings of FTT, which is the proprietary coin of FTX. After Binance said that, FTX was in financial trouble, and essentially sought a bailout from other firms, Binance among them. The New York Post reports that FTX’s implosion followed revelations “that co-founder Sam Bankman-Fried had been funneling money to a sister trading company run by his girlfriend.” That company, Alameda Research, is run by Bankman-Fried’s girlfriend, Caroline Ellison, and is also based in the Bahamas. Binance announced that they would buy the company, then pulled out of the deal, saying that after some due diligence, they decided it would not be a good investment.

“As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of http://FTX.com,” Binance said on Twitter. “In the beginning, our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help. Every time a major player in an industry fails, retail consumers will suffer. We have seen over the last several years that the crypto ecosystem is becoming more resilient and we believe in time that outliers that misuse user funds will be weeded out by the free market. As regulatory frameworks are developed and as the industry continues to evolve toward greater decentralization, the ecosystem will grow stronger,” Binance said.


Part of the issue for Binance is that Alameda Research, helmed by Bankman-Fried’s girlfriend, holds a great deal of their assets in FTT, and FTX had invested their customers’ funds into Alameda through a “back door,” without oversight. “Late on Friday evening, it has since been confirmed that a total of around $10 billion was moved from FTX to Alameda Research by FTX founder Sam Bankman-Fried (SBF),” Cryptoslate reported. Bitcoin Archive tweeted this out, which Cryptoslate noted was “used to move assets in the billions of dollars without triggering alerts to staff and external auditors.” “It’s fascinating to see that the majority of the net equity in the Alameda business is actually FTX’s own centrally controlled and printed-out-of-thin-air token,” said Cory Klippsten, CEO of investment platform Swan Bitcoin.

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Must Read?! “Dulles went so far as to send a rescue team to save Wolff when the general’s villa was surrounded by Italian partisans.”

America’s Neo-Nazi Bedfellows In Ukraine Latest In a Long Line (Tony Cox)

Soviet leader Joseph Stalin was furious when he found out in March 1945 that his supposed World War II ally, Washington, was negotiating with the German Nazis behind his back. In fact, by the accounts of some historians, American spy and future CIA director Allen Dulles essentially kicked off the Cold War when he held secret talks with Waffen SS General Karl Wolff as Hitler’s regime was nearing its collapse. Stalin, US President Franklin Roosevelt, and UK Prime Minister Winston Churchill had agreed that they would accept only unconditional surrender from the Nazis because of the Hitler regime’s monstrous crimes. When the Dulles-Wolff talks came to light, FDR repeatedly and falsely told Stalin that no one was negotiating with the Germans. The Georgian generalissimo was unconvinced and suspected that his Western allies were maneuvering to contain the USSR and occupy territory that might otherwise fall to the Red Army.

The Soviets had reason to be suspicious. Some in Washington, including Dulles, viewed the USSR as America’s biggest long-term threat even as the countries worked together to defeat Germany. As confirmed by documents that were finally declassified more than half a century later, US intelligence agencies were soon to hire upward of 1,000 Nazis as Cold War spies. By then, America already had a history of finding common cause against Moscow with unseemly allies. As the Soviets remembered well, the US had invaded Russia in 1918 in a failed effort to help overthrow the Bolshevik government. At the time, Washington was allied with White Army counter-revolutionaries, some of whom had a nasty taste for pogroms and other murderous atrocities.

Even as then-President Woodrow Wilson moralized to world leaders about self-determination and opposing external aggression – principles that would be applied only according to US self-interest in the generations ahead – he sent American forces to intervene in the Russian Civil War. He was to set a precedent that has continued to play out to this day, from Germany to Central Asia to the current Ukraine crisis. The pattern was clear: Portray America as the virtuous champion of freedom while working with anyone — however abhorrent their deeds and views might be — as long as they share Washington’s burning desire to hurt Russia.

In 1945, Dulles got his way with Wolff, formerly Heinrich Himmler’s right-hand man. The general and his group of SS officers, which was called the Black Order, agreed to surrender northern Italy to Allied forces. The deal didn’t avail much for the US, coming just six days before the full German surrender, and it sowed seeds of distrust with the Soviets and other allies. For his part, Wolff was spared the gallows, as the Nuremberg prosecutors mysteriously took him off their list of major war criminals and treated him as a “witness” to Nazi atrocities, rather than a perpetrator, according to historians. Dulles went so far as to send a rescue team to save Wolff when the general’s villa was surrounded by Italian partisans.

[..] Obama’s administration offered no condemnation when at least 48 people were killed and hundreds injured in an attack on anti-Euromaidan protestors in Odessa. Most of the victims were burned to death by a far-right mob when they tried to take shelter in the city’s union hall. Others were shot or beaten when they tried to escape the burning building. Ukraine’s fascist Right Sector group reacted by celebrating the massacre as “yet another bright page in our fatherland’s history.” Ukrainian MP Lesya Orobets, who had been praised by US media outlet Daily Beast as a “rising star” of the anti-Yanukovych opposition, also celebrated the killings, reportedly calling the Odessa incident a “liquidation” of pro-Russia enemies.

To this day, the perpetrators of the massacre haven’t been held accountable. The Council of Europe concluded in November 2020 that the Kiev government had failed to properly investigate and prosecute those responsible for the killings. Ukraine has continued to embrace its World War II Nazi collaborators, including Stepan Bandera, who is venerated in public marches. Two years after the coup, one of the main avenues in Kiev was renamed Stepan Bandera Street. Lviv also boasts a Stepan Bandera Street. In the eyes of Ukraine’s neo-Nazis, one of Yanukovich’s sins was his decision to revoke an earlier government declaration honoring Bandera as an official “Hero of Ukraine.”

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“Everything is back to normal, right? Wrong. Everything is not back to normal. Everything is absolutely New Normal.”

The Road to Totalitarianism -Revisited- (CJ Hopkins)

It feels like it’s finally over, doesn’t it, the whole “apocalyptic pandemic” thing? I mean, really, really over this time. Not like all those other times when you thought it was over, but it wasn’t over, and was like the end of those Alien movies, where it seems like Ridley has finally escaped, but the alien is hiding out in the shuttle, or the escape pod, or Ridley’s intestinal tract. But this time doesn’t feel like that. This time it feels like it’s really, really over. Go out and take a look around. Hardly anyone is wearing masks anymore (except where masks are mandatory) or being coerced into submitting to “vaccinations” (except where “vaccination” is mandatory), and the hordes of hate-drunk New Normal fanatics who demanded that “the Unvaccinated” be segregated, censored, fired from their jobs, and otherwise demonized and persecuted, have all fallen silent (except for those who haven’t).


Everything is back to normal, right? Wrong. Everything is not back to normal. Everything is absolutely New Normal. What is over is the “shock-and-awe” phase, which was never meant to go on forever. It was always only meant to get us here. Where, you’re probably asking, is “here”? “Here” is a place where the new official ideology has been firmly established as our new “reality,” woven into the fabric of normal everyday life. No, not everywhere, just everywhere that matters. (Do you really think the global-capitalist ruling classes care what people in Lakeland, Florida, Elk River, Idaho, or some village in Sicily believe about “reality”?) Yes, most government restrictions have been lifted, mainly because they are no longer necessary, but in centers of power throughout the West, in political, corporate, and cultural spheres, in academia, the mainstream media, and so on, the New Normal has become “reality,” or, in other words, “just the way it is,” which is the ultimate goal of every ideology.

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Sometimes I don’t recognize the world I live in.

WTF is “gender-responsive climate action?”

White House Launches ‘Climate Gender Equity Fund’ (RT)

US President Joe Biden has announced the launch of a Climate Gender Equity Fund to promote female “climate leaders.” He unveiled the new initiative at the United Nations COP 27 conference on Friday. A partnership between online retail company Amazon and government agency USAID, the fund will “leverage private sector contributions to provide women climate leaders with technical skills, networks and capital to develop and scale climate solutions,” the White House noted in a statement. To help solve climate change, according to Amazon worldwide sustainability vice president Kara Hurst, “we must address the gender inequalities that persist in climate finance, and ensure female entrepreneurs have an equal seat at the table and access to the funding, networks and technical support they need to scale climate solutions.”

Outlining the gravity of gender inequity in the climate space, Amazon revealed that “female-founded companies typically receive a fraction of total venture capital, and that percentage fell during the pandemic.” The online shopping giant, which saw its profits skyrocket during the pandemic, promised to supply an additional $50 million from its Climate Pledge Fund for investments in women-founded and -led climate technology firms. Apart from that, it is contributing $3 million toward the Climate Gender Equity Fund’s initial seed funding. The fund launches with $6 million in total, with USAID matching Amazon’s $3 million contribution.


The White House announcement states that the fund was also “enabled” by a $21 million appropriation by USAID from the Biden administration’s Gender Equity and Equality Action Fund with the aim of underscoring its “commitment to gender-responsive climate action.” The latter program, established last year with $100 million in taxpayer funds, an amount set to double for this year, is supposed to “advance economic security for women and girls globally.” A $430 billion spending package Biden signed in August included $386 billion in green energy subsidies and tax credits. The president’s speech at COP27 committed to several more ambitious green initiatives, including “establishing an international Climate Hub for climate-smart agriculture,” tightening emissions standards on the oil and natural gas industry, and using Ukraine as a showcase for small modular reactor (SMR) “advanced nuclear” technology.

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“..Borrell’s extraordinary Pollyanna-like assertion that in Europe and the West “everything works” and that the “garden” nations are havens of political, economic, and social stability.”

The ‘Garden Vs Jungle’ Worldview Is Not Only Racist, It’s Delusional (Hryce)

[..] let us start with Borrell’s extraordinary Pollyanna-like assertion that in Europe and the West “everything works” and that the “garden” nations are havens of political, economic, and social stability. This pronouncement will no doubt have come as a surprise to many citizens in Europe and the West. Has Borrell not noticed the recent rise of powerful right-wing political movements in a number of European countries? Is he not aware of the recent election results in Italy and Sweden? Have Borrell’s advisors not informed him of the political instability that has engulfed the United Kingdom in recent months, let alone the crisis in democracy that has crippled the United States for the past two years?

Has Borrell not noticed the dramatic recent rise in energy prices; rising inflation; rising interest rates; long-term wage stagnation; and the looming economic recession that is predicted to engulf many Western nations in the near future? Has Borrell not seen the tens of thousands of demonstrators marching in European capital cities in recent months? Is he unaware of the effects that EU austerity programs have had in many of the bloc’s member nations in recent years? Does Borrell really believe that the “garden” nations will sail through the upcoming European winter unscathed?


Has Borrell never heard of the so-called ‘culture wars’? Has he not noticed the collapse of liberal institutions and values throughout the West in recent decades? Has the immigration crisis that has bedevilled Europe in recent years, and has recently engulfed the United Kingdom, not yet been brought to his attention? Borrell, of course, pointedly fails to mention that all of the problems listed above have been severely exacerbated by the ongoing conflict in Ukraine. In fact, Borrell does not seem to appreciate that the increasing political and economic instability within the “garden” nations makes it increasingly difficult – if not impossible – for them to pursue his misguided foreign policy agenda.

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“From Dec. 5, tankers and shipping insurance linked to EU and G7 countries — which dominate oil shipping globally — will be barred from trading Russian crude unless those volumes are sold under the price cap, as yet undetermined.”

Washington Attempts to Bully India into Cutting Ties with Russia (NC)

For months the US has repeatedly tried to coerce India into cutting ties with Russia, thereby abandoning its national interests. New Delhi, however, continues to spurn American attempts to subject its economy to Washington’s dictates. The latest fuss concerns the G7 price cap on Russian oil and EU and UK bans on shipping and related services for Russian crude. India continues to have no interest in joining the US-led initiative as it gets a steep discount on oil from Russia and wants to maintain the relationship with a long-time strategic partner. Indian Foreign Affairs Minister Subrahmanyam Jaishankar was just in Moscow on Nov. 8 to discuss continued sales of oil. From the South China Morning Post:

“India’s foreign minister hailed New Delhi’s “strong and steady” relationship with Moscow on Tuesday, during his first visit there since Russia invaded Ukraine in February. Subrahmanyam Jaishankar also declared India’s intention to continue to buy Russian oil, again disregarding the US appeal to allies and partners to isolate Russia from the global markets.” The G-7 plans are likely to send oil prices higher (despite US Treasury Secretary Janet Yellen claiming the opposite) and reduce tanker availability, both of which will threaten India’s energy security and hurt its economy as India is the third-largest consumer and importer of oil worldwide. Russia has said it will not sell to any countries that participate in the price cap scheme, and Jaishankar has repeatedly stated that India cannot afford to buy oil at high prices – at least not without undermining its economic growth, which is forecast to be 6.1 percent in 2023, the fastest-growing major economy in the world.

According to Energy Intelligence: “Russia emerged as India’s top crude supplier in October, shipping over 900,000 barrels per day or roughly a fifth of India’s demand. The two countries’ biggest concern is ensuring that Russian oil continues to flow after the Dec. 5 EU and UK bans and related G7 price cap. But despite Jaishankar’s bullish stance in Moscow, India’s state refiners have not placed orders for crude lifting beyond Dec. 5 due to uncertainties about whether shipping and insurance will be available, Energy Intelligence understands. And a recent attempt by an Indian buyer to use the price cap in negotiations with a Russian seller prompted the latter to abandon the deal, market sources said.”


The ongoing lack of clarity on the G-7 could be by design. Russian oil exports have already begun to dip, and Bruce Paulsen, a sanctions expert and partner at law firm Seward & Kissel, told American Shipper, “ If guidance on [price cap] compliance doesn’t come soon, some industry players may sit on the sidelines until they can determine that shipments under the price cap are safe.” The US, in a neat sleight of hand, quit pressuring India to adhere to the price cap, and Yellen now says Washington is “happy” for New Delhi to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap. But there are just a few caveats: India wouldn’t be able to use western insurance, finance, or maritime services to transport the oil. “Russia is going to find it very difficult to continue shipping as much oil as they have done when the EU stops buying Russian oil,” Yellen told Reuters on Friday. “They’re going to be heavily in search of buyers, and many buyers are reliant on Western services.”

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You don’t say.

IMF Says Global Economic Outlook Getting ‘Gloomier’ (Az.)

The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months, Reuters reported. It blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, and ongoing supply disruptions and food insecurity caused by Russia’s invasion of Ukraine. In a blog prepared for a summit of G20 leaders in Indonesia, the IMF said recent high-frequency indicators “confirm that the outlook is gloomier,” particularly in Europe. It said recent purchasing manager indices that gauge manufacturing and services activity signaled weakness in most Group of 20 major economies, with economic activity set to contract while inflation remained stubbornly high.

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They will simply nominate Putin for the Grinch. Everything that goes wrong with the western world is now exclusively his fault. And they can all hide their failures behind him.

German Retailers Face Nightmare Before Christmas (RT)

Shop owners in Germany are worried about the upcoming Christmas season, expecting a slump in sales in price-adjusted terms, as double-digit inflation driven by energy prices forced people to shop less in the third quarter, the German Retail Association (HDE) says. According to the latest report, sales will face a 4% drop in price-adjusted terms, despite an expected increase by 5.4% year-on-year in nominal terms projected for the last two months of 2022. The association surveyed 500 companies, and 70% of the respondents said they expect worse business conditions in the upcoming Christmas season than last year.


“There is a great deal of uncertainty among both companies and customers in view of the difficult situation with enormous energy price increases. High inflation and poor consumer sentiment do not really bode well for the Christmas season,” HDE Managing Director Stefan Genth said. In October, the German Federal Statistical Office reported that the harmonized inflation rate in Europe’s largest economy climbed to 11.6%, raising fears that the country will slide into a recession this winter.

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To repeat @JordanSchachtel:”Elon is blowing things up at Twitter because it is necessary to save the company. The old Twitter was a state-sponsored propaganda operation. Twitter as a private company will not have the privilege of unlimited resources.”

That is what Musk is up against. And of course the press.

Twitter Starts Massive Reductions In Contractors (RT)

After laying off half its staff earlier this month, Twitter has started culling its vast ranks of contract staff, sources confirmed to Axios, Report informs.Many contractors’ status has been in limbo since Twitter cut half its staff earlier this month, with some not knowing whom to even report to, since their counterparts inside the company have been laid off. Now some worry about their final paychecks since their teams no longer have any full-time Twitter employees to sign off on their time cards, sources tell Axios. The contractor cuts were noted earlier by Platformer’s Casey Newton. In at least some cases, if not all, workers did not get any direct communication from Twitter saying that their work had ended.


They instead found out by seeing their access to Twitter computer systems had been shut off. This parallels the scene when full-time employees found out they had lost their job, not from a promised e-mail on Friday, but overnight on Thursday as they lost access to e-mail and other corporate computing systems. Twitter has since reached out to re-hire some full-time employees after realizing their skills were critical to existing projects, including new features that were a priority to the company.

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“Are you suggesting the senator will abuse his political power to attack me?”

US Senator Threatens Elon Musk (RT)

US Senator Edward Markey has responded to a snarky tweet by Twitter owner Elon Musk by threatening congressional intervention if the billionaire doesn’t “fix” his companies to the lawmaker’s satisfaction. The row began on Friday, when Markey, a Massachusetts Democrat, demanded answers from Musk as to how a Washington Post reporter was able to create a verified account on the platform impersonating the senator. “I’m asking for answers from Elon Musk, who is putting profits over people and his debt over stopping disinformation. Twitter must explain how this happened and how to prevent it from happening again.” Musk, who acquired Twitter in a $44 billion takeover that was completed late last month, replied to Markey on Sunday, saying, “Perhaps it is because your real account sounds like a parody.” He posted another tweet asking why Markey’s profile picture shows him wearing a mask.

The Tesla CEO’s flippant response clearly didn’t sit well with the career politician, who warned, “One of your companies is under an FTC consent decree. Auto safety watchdog NHTSA is investigating another for killing people. And you’re spending your time picking fights online. Fix your companies, or Congress will.” Markey’s threat came amid leftist allegations that Musk’s takeover would make Twitter a “direct threat to public safety” by allowing “harmful” content. President Joe Biden, also a Democrat, suggested last week that his administration may need to investigate whether Musk’s cooperation with foreign countries created a “national security threat.”


Reacting to Musk’s spat with Markey, a Democrat activist group called People for Bernie said it was a bad idea for the billionaire to “troll a high-ranking senator with a history of taking down rich people.” Musk replied, “Are you suggesting the senator will abuse his political power to attack me?” Journalist Glenn Greenwald reacted by posting a 2020 clip of Markey calling for increased social media censorship. “Here’s Senator Markey demanding tech companies censor in accordance with his political views, all in the context of his party threatening social media companies with legal and regulatory reprisals if they fail to obey their censorship orders.”

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Just stop the nonsense. We’re tired of it.

COVID-19 Mortality in England ‘Extremely Rare’ Among Under-20s (ET)

Deaths from COVID-19 remain “extremely rare” in people under the age of 20, according to a study of follow-up data in the UK. Between March 2020 and December 2021, while there were 185 deaths in England among children and young people (CYP) within 100 days of a lab-confirmed COVID-19 infection, fewer than half died directly because of the virus, the study found. The peer-reviewed study, published on Nov. 8 on the PLOS Medicine Journal website, was conducted by researchers from the UK’s Health Security Agency (UKHSA). Studying the 22-month follow-up data on all 6,790 under-20s deaths, the team corroborated findings from a number of previous analyses that looked at data from a shorter period of time.

Excluding two stillbirth/intrauterine deaths, 81 (43 percent) deaths were attributed to COVID-19. It accounts for 1.2 percent of all-cause CYP deaths, with a COVID-19 infection fatality rate of 7 per million (using estimated infections number) and an overall mortality rate of 6 per million (estimated CYP population). Of the 81 deaths from COVID-19, one in four (20) were otherwise healthy, while 61 had “significant underlying health conditions,” including neuro-disability, immunocompromising conditions, Down syndrome, Edward syndrome, chronic heart disease, and four premature birth, meaning the COVID-19 mortality rate for otherwise healthy CYP was 1.5 per million. COVID-19 deaths were also clustered among older teens and infants, with more than half (47) occurring among those aged between 16 and 19, and 22 under a year old.


Eight children from the 1- to 4-year-old group died from COVID-19, along with 12 children aged between 5 and 11, and 15 children aged between 12 and 15. More than half (45) of the COVID-19 deaths occurred when the Delta variant of the novel coronavirus was dominant, while 21 died during the wild-type-dominant period, and 15 died during the Alpha wave. But the Delta variant was the least deadly in terms of infection mortality rate (6 per million) compared to Alpha (8 per million), and the wild-type (10 per million) as it was more infectious than the previous variants. The Omicron variant, which became dominant this year, wasn’t included in the study. Dr. Shamez Ladhani, pediatric infectious disease consultant at St. George’s Hospital London and consultant epidemiologist at the UKHSA who co-authored the study, told The Telegraph that “emerging data suggest that the Omicron variant is even less fatal in children compared to previous variants.”

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Feb 242017
 
 February 24, 2017  Posted by at 10:41 am Finance Tagged with: , , , , , , , , ,  2 Responses »


Marion Post Wolcott Works Progress Administration worker’s children, South Charleston, West Virginia 1938

 

France Scrapping The Euro Could Go Beyond A ‘Lehman Moment’ (CNBC)
Le Pen Says French Foreign Policy Must Be Decided in Paris (BBG)
Obamacare Just Hit Its Highest Popularity Ever (BI)
Former IMF Chief, Dozens of Former Bank Execs Sentenced to Jail in Spain (DQ)
Analyzing the Emerging World Order: The Future of Globalism (GR)
Increasingly Unhinged Russia Rhetoric From A Long-Standing US Playbook (GG)
What Does Russia Produce? (Humor)
Career Politicians Aren’t Qualified To Run The Country (Hewson)
Turkish Commandos Ask For Asylum In Greece (K.)
Synthetic Clothing And Tires Could Be Polluting The Oceans In A Big Way (CNBC)
Arctic ‘Doomsday’ Seed Vault Receives 50,000 New Deposits (AP)
Plan To Save Great Barrier Reef Set Back Decades (AFP)

 

 

Fear mongering goes into overdrive.

France Scrapping The Euro Could Go Beyond A ‘Lehman Moment’ (CNBC)

Past performance is no guide to future returns, as investors are so often told, but the French electorate runs the risk of creating a crisis worse than the fall of Lehman Brothers if it follows the U.K. in instigating a referendum on EU membership, according to analysts at Deutsche Bank. As the French presidential race heats up ahead of the first round of voting in April, the German bank has warned of the pitfalls of using the U.K.’s Brexit vote as a model for a potential “Frexit”, as touted by nationalist candidate Marine Le Pen. Le Pen, who is currently leading the race according to the latest BVA-Salesforce opinion poll, has vowed to hold a French referendum on EU membership if she is successful in winning France’s two-round leadership race.

Pointing to the U.K., which has – so far – felt a relatively benign impact from its Brexit vote, Le Pen has relied on it as a basis for rallying support during her campaigning, saying: “They told us that Brexit would be a catastrophe, that the stock markets would crash … The reality is that none of that happened.” However, Deutsche Bank has warned of the inconsistencies of likening the two votes. An EU referendum in France, one of the founding members of the economic bloc, runs the risk of undermining the euro, the currency shared by 19 of the EU’s 28 member states. “Make no mistake, there is the world of difference between tearing up bilateral and multilateral trade agreements, and, unwinding a monetary union as far reaching in scope as the EMU (economic and monetary union) project,” Deutsche Bank said in a note Tuesday.

“It is the difference between a benign global risk event and something that has the potential to go beyond a ‘Lehman’s moment’.” The frictionless interaction enjoyed by countries within the European Monetary Union would turn into it a “nightmare”, says Deutsche Bank, as a lack of a currency hedge would make all EMU members vulnerable to currency weakness. The bank estimates that assets shared between the economic bloc plus liabilities totaled €46 trillion at the end of the third quarter 2016. This it describes as an “upper bound estimate of EMU exposure that would have no hedge, and be exposed to currency risk in the event of an EMU break-up.”

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And many people all over Europe will say she’s damn right.

Le Pen Says French Foreign Policy Must Be Decided in Paris (BBG)

French foreign policy should be decided solely in Paris, French presidential candidate Marine Le Pen said, calling for a reversal of her country’s quest over past decades for tighter ties with European Union allies. Laying out her foreign-policy vision in a speech in Paris, Le Pen spoke of a world based on nation states that pursue their own interest and preserve their own cultures without interference. “To assure the freedom of the French, there is no price too high too pay,” Le Pen said. “The foreign policy of France will be decided in Paris, and no alliance, no ally, can speak in her place.” Her first move as president would be to renegotiate EU treaties as an initial step toward creating a “Europe of Nations,” she said. She saluted Britain’s vote to leave the EU, and said she’d withdraw from NATO’s military command.

“I rejoice in Europeans claiming back their freedom against the attempts to create an artificial super-state,” she said. “The European Union is not the solution, it’s the problem.” Polls show that Le Pen would win the most votes in the April 23 first round of the elections, but would lose the May 7 run-off against whoever she faces. On the U.S., she said she was hopeful President Donald Trump would reverse what she described as interventionist policies of President Barack Obama. She listed support for rebels in Libya and Syria as “mistakes” that have undermined world peace. “The U.S. is an ally but sometimes an adversary,” she said, adding that she was encouraged by Trump’s early days in office.

She said Russia has an “essential balancing role to keep world peace” and “has been badly treated by the European Union.” In Africa, French policy would be one of “non-intervention, but not indifference.” Le Pen said communism and liberal capitalism have both been delusions, and that “people are trying to escape, and find in the nation the best way to protect themselves. Each country should be free to follow its interests, choose its allies, preserve its culture, and France supports that right for all nations.”

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Hornets nest.

Obamacare Just Hit Its Highest Popularity Ever (BI)

Americans are learning to love the Affordable Care Act, better known as Obamacare. As the law faces possible repeal and replacement by Republicans, a new poll from the Pew Research Center shows that the ACA’s popularity is soaring and has hit its highest point since it was passed. 54% of respondents in Pew’s survey said they approve of the law, with just 43% disapproving. This is better than the 48% approve, 47% disapprove margin from December 2016. Additionally, of the 43% against the law, only 17% of people the total surveyed want Republicans to repeal the way entirely while 25% want the law modified instead, according to Pew.

Every age group, ethnic group, and education level saw increased support for Obamacare between Pew’s current poll and one conducted in October 2016. The result also matches up with other recent polls from a variety of outlets that show President Barack Obama’s signature health law becoming ever-more popular with Americans. House Speaker Paul Ryan said that the GOP plans to introduce a repeal and replace bill for the ACA soon after the week-long President’s Day break. Dissent among Republicans and recent pushback from constituents at town halls, however, has indicated that a repeal may be less than smooth than originally anticipated. Even former GOP House Speaker John Boehner said Thursday that repeal is “not going to happen.”

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A 6-year sentence but no hard time?

Former IMF Chief, Dozens of Former Bank Execs Sentenced to Jail in Spain (DQ)

The unimaginable just happened in Spain: two former bank CEOs, Miguel Blesa (CEO of Caja Madrid) and Rodrigo Rato (CEO of Bankia) were just awarded prison sentences of six years and four-and-a-half years, respectively, for misappropriation of company funds. Rato was also Managing Director of the IMF from 2003 to 2007. He was succeeded by another luminary, Dominique Strauss Kahn. Now, the question on everyone’s mind is will Blesa and Rato actually serve the sentence (more on that later). Dozens more former Caja Madrid senior executives, most of whom are closely connected to either, or both, of the country’s two main political parties and/or unions also face three to six years in prison. They were found guilty by Spain’s National High Court of misusing company credit cards.

Those cards drained money directly from the scarce funds of Caja Madrid, which at the height of Spain’s banking crisis was merged with six other failed savings banks into Bankia, which shortly thereafter collapsed and ended up receiving the biggest bail out in Spanish history, costing taxpayers over €20 billion, to date. Between 2003 and 2012 Caja Madrid (and its later incarnation, Bankia) paid out over €15 million to its senior management and executive directors through its “tarjeta negra” (black card) scheme. According to accounts released by Spain’s bad bank, FROB, much of that money went on restaurants, cash withdrawals, travel and holidays, and the like. The amounts – which did not show up on any bank documents, job contracts, or tax returns – may be small, given the magnitude of the misdeeds that led to the Spanish bank fiasco, but it’s the principle that counts.

Only 4 out of 90 Caja Madrid senior managers, executives, and board members had the basic decency to turn down the offer of undeclared expenses. For the rest, it was an offer they could not refuse. In his last few months at Caja Madrid – just before the whole edifice came crumbling down – Blesa went on a mad spending binge. In one month alone he made purchases on his black card worth €19,000 – more than many Spaniards’ annual salary. This is a man who pocketed over €20 million in salaries and bonuses while at the helm of the bank that he helped destroy. On his departure in 2010, he was awarded a €2.5 million golden parachute. Yet even after his ouster he, like many other Caja Madrid executives, continued making liberal use of his tarjeta negra.

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“The unsolvable problem here is that this debt based system is really just an elaborate pyramid scheme predicated on ever increasing amounts of debt in a world where sources of real wealth are finite.”

Analyzing the Emerging World Order: The Future of Globalism (GR)

We live in a world subdivided by societies: nations and their respective subdivisions. As a matter of fact, there are over 200 nations recognized by the United Nations (UN). We are taught that a society must conform to a binary label such as “free” or “unfree”, “democratic” or “non-democratic” and so on. This is done principally for two reasons – to provide a tautological definition, also for easier control of the masses via manipulation. The current overarching narrative provides that we are divided between the “western” and “eastern” worlds. What does this really mean? We can distill this down to one principal root: economics. What do we mean by economics? We can say that in it’s purest form, it is simply the structured allocation of finite resources.

Today we are observing the transition from a so called unipolar world, one in which a single nation (or group of allied nations) dictates the terms of life for all global citizens, to a more balanced and natural multipolar world. The current dominating group, the “western” bloc of nations, is led by the United States along with numerous vassal states; this order has persisted since the end of the Second World War. This construct is held together using a combination of supranational organizations (UN,WTO,World Bank, IMF, et cetera), propaganda (mainstream media complex), armed might (MIC,NATO, private mercenary forces) and chiefly economics (central banks, corporations). The true “rulers” of this bloc are a cabal of very wealthy and powerful oligarchs that work in the background (shadow banking, dark pool finance, shadow governments, think tanks, NGO’s) to subvert the various sovereignties to their advantage.

These oligarchs are the principal owners of, not just the industries and corporations that front for them, but the governments that rule over the masses. Most importantly this cabal owns the means by which real wealth extraction is carried out: fiat currency, chiefly the “worlds reserve currency”- the United States dollar and it’s derivatives. These currencies are backed not by equitable assets; such as natural resources, precious metals or productive capacities; instead they are backed by the creation of debt. Debt that represents a claim on real assets that virtually all participants in global commerce must pay. How did this cabal come into power? This is a complex question that is subject to many possible answers and interpretations. Briefly, we know from historical fact that a global empire is a central part of this construct, today the United States empire holds that role (previously British, French so on…). This provides the controlling force behind such a cabal.

The privately owned quasi-governmental western central banks are at the heart of this operation. They form the crucial nexus between sovereign governments and the financial world in which they derive their revenue stream, and by extension, their power. The current seat of this construct (United States) was founded as a Constitutional Republic. Unfortunately, the United States Constitution is quite amorphous. Using many acts of legislative, executive and even judicial fiat, this cabal has been able to effectively take over the reigns of the nation. With that feat accomplished, near world domination was made possible. A complex web of regulations, laws, and rules; coupled with a financial system few fully comprehend has been put into place across the west. This became the mechanism by which this “new world order” has been enforced.

The unsolvable problem here is that this debt based system is really just an elaborate pyramid scheme predicated on ever increasing amounts of debt in a world where sources of real wealth are finite. At present, the growth rate and the total amount of debt issuance, is outpacing the extraction rate and amount of available reserves of resources on the planet.

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Glenn Greenwald has been vocal about the Putin hysteria.

Increasingly Unhinged Russia Rhetoric From A Long-Standing US Playbook (GG)

For aspiring journalists, historians, or politically engaged citizens, there are few more productive uses of one’s time than randomly reading through the newsletters of I.F. Stone, the intrepid and independent journalist of the Cold War era who became, in my view, the nation’s first “blogger” even though he died before the advent of the internet. Frustrated by big media’s oppressive corporatized environment and its pro-government propaganda model, and then ultimately blacklisted from mainstream media outlets for his objections to anti-Russia narratives, Stone created his own bi-monthly newsletter, sustained exclusively by subscriptions, and spent 18 years relentlessly debunking propaganda spewing from the U.S. government and its media partners. What makes Stone’s body of work so valuable is not its illumination of history but rather its illumination of the present.

What’s most striking about his newsletters is how little changes when it comes to U.S. government propaganda and militarism, and the role the U.S. media plays in sustaining it all. Indeed, reading through his reporting, one gets the impression that U.S. politics just endlessly replays the same debates, conflicts, and tactics. Much of Stone’s writings, particularly throughout the 1950s and into the 1960s, focused on the techniques for keeping Americans in a high state of fear over the Kremlin. One passage, from August 1954, particularly resonates; Stone explained why it’s impossible to stop McCarthyism at home when — for purposes of sustaining U.S. war and militarism — Kremlin leaders are constantly being depicted as gravely threatening and even omnipotent. Other than the change in Moscow’s ideology — a change many of today’s most toxic McCarthyites explicitly deny — Stone’s observations could be written with equal accuracy today.

[..] Few foreign villains have been vested with omnipotence and ubiquity like Vladimir Putin has been — at least ever since Democrats discovered (what they mistakenly believed was) his political utility as a bogeyman. There are very few negative developments in the world that do not end up at some point being pinned to the Russian leader, and very few critics of the Democratic Party who are not, at some point, cast as Putin loyalists or Kremlin spies. Putin — like al Qaeda terrorists and Soviet Communists before him — is everywhere. Russia is lurking behind all evils, most importantly — of course — Hillary Clinton’s defeat. And whoever questions any of that is revealing themselves to be a traitor, likely on Putin’s payroll.

As The Nation’s Katrina vanden Heuvel put it on Tuesday in the Washington Post: “In the targeting of Trump, too many liberals have joined in fanning a neo-McCarthyite furor, working to discredit those who seek to deescalate U.S.-Russian tensions, and dismissing anyone expressing doubts about the charges of hacking or collusion as a Putin apologist. … What we don’t need is a replay of Cold War hysteria that cuts off debate, slanders skeptics and undermines any effort to explore areas of agreement with Russia in our own national interest.” That precisely echoes what Stone observed 62 years ago: Claims of Russian infiltration and ubiquity are “the thesis no American dare any longer challenge without himself becoming suspect” (Stone was not just cast as a Kremlin loyalist during his life but smeared as a Stalinist agent after he died).

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Turns out, a lot.

What Does Russia Produce? (Humor)

This past September, in one of his regular interviews with the newspaper Parlamentní Listy, retired Czech Major General Hynek Blasko commented on the possibility of a conflict between Russia and NATO with a following anecdote: “I have seen a popular joke on the Internet about Obama and his generals in the Pentagon debating on the best timing to attack Russia. They couldn’t come to any agreement, so they decided to ask their allies. The French said: ” We do not know, but certainly not in the winter. This will end badly. ” The Germans responded: “We do not know, either, but definitely not in a summer. We have already tried.” Someone in Obama’s war room had a brilliant idea to ask China, on the basis that China is developing and always has new ideas.

The Chinese answered: “The best time for this is right now. Russia is building the Power of Siberia pipeline, the North Stream Pipeline, Vostochny Cosmodrome Spaceport, the MegaProject bridge to Crimea; also Russian is upgrading the Trans-Siberian railroad with a new railway bridge across Lena River and the Amur-Yakutsk Mainline. Russia is also building new sports facilities for the World Cup and athletics, and has in development over 150 production projects in the Arctic … Well, now they really need as many POWs as possible!” So, now, even NATO members’ generals have noticed something peculiar about Russia. According to the myth that is being peddled by Western media, Russia has an underdeveloped economy based on the exchange of raw mineral resources for glass beads… I mean Western produced hi-tech products. Any barber would tell you that even Asians can make iPhones, but Russians can’t.

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View from Australia that applies everywhere.

Career Politicians Aren’t Qualified To Run The Country (Hewson)

When I was leader of the opposition, concerned about the standing of our politicians and failing confidence in our political processes, John Howard used to chip me about the need to recognise politics as a “profession”, and politicians as “professionals”. Now, some 25 years on, the dissatisfaction with our career politicians and the political system is of paramount importance, and fundamental to the drift away from the major parties, whereby now almost one in three direct their votes elsewhere. Politics has become a daily “conflict game”, dominated by career politicians concentrated on winning points on the other side, rather than on developing and delivering good public policy, and good government.

Important issues have been left to drift, or in some cases have been compounded by short-term, populist responses, so that important problems remain unresolved, all having a negative impact on the wellbeing of the average voter, let alone the legacies being left to their children. Minor parties and independents are attracting support in protest, or in the now desperate hope that they will at least shake things up, perhaps even drive governments and oppositions to better economic and social outcomes. But they too are mostly opportunistic, and populist, and often “extreme”, knowing they will never be in a position to have to deliver. Moreover, without experience and the requisite skills, they too may soon be “absorbed” or “defeated” by the system. Unfortunately, the skill sets and experience required of a career politician essentially make them incompetent to govern effectively.

Their career path is often from university, community or union politics, through local government/party engagement, perhaps serving as a ministerial staffer, to pre-selection, then election, and so on. Politics has become the end in itself. Those that make it are mostly qualified just to play the “game”, but not to govern. Increasingly, fewer have ever had a “real job”, or a significant career, before entering politics, and even then that may not qualify them to be a competent minister. It is also not easy to come from outside, as both Trump and Turnbull are finding. Yet, many end up as ministers responsible for significant government portfolios, and large budgets, with little or no relevant experience or skills or commitment to that area, let alone in management. Clearly, if we were to advertise the ministerial posts to attract those with the necessary competence – with the abilities, commitments, knowledge, experience and skills to do the job well – very few indeed, if any, of the current lot would be appointed.

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These guys were allegedly directly involved the coup?! Hard to protect.

Turkish Commandos Ask For Asylum In Greece (K.)

Two Turkish servicemen believed to have been involved in the plot to assassinate Turkish President Recep Tayyip Erdogan during the July coup attempt in the neighboring country, are being held in custody in Alexandroupoli, it was revealed Thursday. The two men, former members of Turkey’s special forces, entered Greece illegally through the Evros border crossing a few days ago and turned themselves in to police authorities in Orestiada. Through a local lawyer, the two commandos applied for political asylum on February 20.They had eluded arrest for months until they entered Greece. The pair are believed to have told Greek investigators that they were indeed involved in a plot to assassinate Erdogan. So far, there has been no Turkish request for their extradition.

Meanwhile, Ankara has submitted a fresh extradition request for the eight Turkish servicemen who Ankara have accused of being involved in the coup attempt. The initial request for their extradition was rejected in January by Greece’s Supreme Court, which said that regardless of whether they were guilty or not, the servicemen would not receive a fair trial in Turkey. In the new request, Ankara provided reassurances that they would receive a fair trial. It also includes what Turkish authorities describe as new incriminating evidence. The request sent to the Greek Foreign Ministry further includes two additional charges, on top of the four included in the first extradition request. The Foreign Ministry has passed on the request to the Justice Ministry.

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The curse of carbon comes in many forms. But it’s free, so we can’t resist.

Synthetic Clothing And Tires Could Be Polluting The Oceans In A Big Way (CNBC)

A new report from the International Union for Conservation of Nature (IUCN) has found that as much as 31 percent of the estimated 9.5 million tonnes of plastic that enters the ocean annually could be from sources such as tires and synthetic clothing. These products can release “primary microplastics”, which are plastics that directly enter the environment as “small particulates”. According to the IUCN, which released the report on Wednesday, they come from a range of sources. These include synthetic textiles, which deposit them due to abrasion when washed, and tires, which release them as a result of erosion when driving.

The report identified seven “major sources” of primary microplastics: Tires, synthetic textiles, marine coatings, road markings, personal care products, plastic pellets and city dust. “Our daily activities, such as washing clothes and driving, significantly contribute to the pollution choking our oceans, with potentially disastrous effects on the rich diversity of life within them, and on human health,” Inger Andersen, director general of the IUCN, said in a statement on Wednesday. “These findings indicate that we must look far beyond waste management if we are to address ocean pollution in its entirety,” he added.

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Are they implying changing the seeds when they talk about reconstituting them, developing climate-resilient crops for generations?

Arctic ‘Doomsday’ Seed Vault Receives 50,000 New Deposits (AP)

Nearly 10 years after a “doomsday” seed vault opened on an Arctic island, some 50,000 new samples from seed collections around the world have been deposited in the world’s largest repository built to safeguard against wars or natural disasters wiping out global food crops. The Svalbard Global Seed Vault, a gene bank built underground on the isolated island in a permafrost zone some 1,000 kilometers (620 miles) from the North Pole, was opened in 2008 as a master backup to the world’s other seed banks, in case their deposits are lost. The latest specimens sent to the bank, located on the Svalbard archipelago between mainland Norway and the North Pole, included more than 15,000 reconstituted samples from an international research center that focuses on improving agriculture in dry zones.

They were the first to retrieve seeds from the vault in 2015 before returning new ones after multiplying and reconstituting them. The specimens consisted of seed samples for some of the world’s most vital food sources like potato, sorghum, rice, barley, chickpea, lentil and wheat. Speaking from Svalbard, Aly Abousabaa, the head of the International Center for Agricultural Research, said Thursday that borrowing and reconstituting the seeds before returning them had been a success and showed that it was possible to “find solutions to pressing regional and global challenges.” The agency borrowed the seeds three years ago because it could not access its gene bank of 141,000 specimens in the war-torn Syrian city of Aleppo, and so was unable to regenerate and distribute them to breeders and researchers.

“The reconstituted seeds will play a critical role in developing climate-resilient crops for generations,” Abousabaa said.The 50,000 samples deposited Wednesday were from seed collections in Benin, India, Pakistan, Lebanon, Morocco, Netherlands, the U.S., Mexico, Bosnia and Herzegovina, Belarus and Britain. It brought the total deposits in the snow-covered vault — with a capacity of 4.5 million — to 940,000.

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“Given the severity of the damage and the slow trajectory of recovery, the overarching vision of the 2050 Plan… is no longer attainable for at least the next two decades..”

Plan To Save Great Barrier Reef Set Back Decades (AFP)

Australia’s plan to rescue the beleaguered Great Barrier Reef has been set back at least two decades after the fragile ecosystem suffered its worst-ever bleaching last year, experts said Friday. The vast coral reef – which provides a tourism boon for Australia – is under pressure from agricultural run-off, the crown-of-thorns starfish, development and climate change. Last year swathes of coral succumbed to devastating bleaching, due to warming sea temperatures, and the reef’s caretakers have warned it faces a fresh onslaught in the coming months. Canberra updated the UN’s World Heritage committee on its “Reef 2050” rescue plan in December, insisting the site was “not dying” and laying out a strategy for incremental improvements to the site.

But an independent report commissioned by the committee concluded that the government had little chance of meeting its own targets in the coming years, adding that the “unprecedented” bleaching and coral die-off in 2016 was “a game changer”. “Given the severity of the damage and the slow trajectory of recovery, the overarching vision of the 2050 Plan… is no longer attainable for at least the next two decades,” the report said. Last year’s bleaching killed two-thirds of shallow-water corals in the north of the 2,300-kilometre (1,400-mile) long reef, although central and southern areas escaped with less damage. The government has pledged more than Aus$2.0 billion (US$1.5 billion) to protect the reef over the next decade, but researchers noted a lack of available funding, with many of the plan’s actions under-resourced.

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