Apr 172020
 


Dorothea Lange American River camp, Sacramento, CA. Destitute family. 5 children, aged 2 to 17 years 1936

 

China Didn’t Warn Public Of Likely Pandemic For 6 Key Days (AP)
US Alerted Israel, NATO To Disease Outbreak In China In November (ToI )
Wuhan Death Toll Up By 50% As 1,290 ‘Delayed & Omitted’ Fatalities Added (RT)
Men Are Much More Likely To Die From Coronavirus. Why? (G.)
France Summons Chinese Envoy Over Criticism Of COVID19 response (RT)
Chinese Economy Shrank For The First Time Since 1976 In Q1 (SCMP)
Biophysical Economics and the Coronavirus Pandemic (Fix)
22 Million New Jobless Claims, 9.2 Million Lost Health Care In Past Month (NBC)
43,000 US Millionaires Will Get ‘Stimulus’ Averaging $1.6 Million Each (NYP)
Fed Just Jawboning, Massively Tapered QE-4, Hasn’t Bought Any Junk Bonds (WS)
Cut Military Spending To Fund Human Security – Gorbachev (RT)
Chinese Airlines Poised For Post-Coronavirus ‘Revenge Travelling’ (SCMP)
Greece to Celebrate Easter Under Coronavirus Lockdown (GR)
Russiagate Godfather Obama Promotes NYTimes’ “Putin + Covid-19” (RT)
Roger Stone Denied Bid For New Trial (G.)
Surviving Plague in an Early Modern City (Henderson)

 

 

Well, I now know Taleb read my essay. And he likes it. Shame he linked to Yves’ repost, not the original at the Automatic Earth.

 

 

• US new cases 29,567

• US new deaths 2,174

 

• Revised COVID-19 death toll for New York City: 10,367

• Total US military death toll for Iraq War: 4,424.

 

 

Note: both cases and deaths jump by a lot today. It’s not just the Wuhan deaths number revised up by 1,290.

 

Cases 2,193,558 (+ 98,674 from yesterday’s 2,094,884)

Deaths 147,378 (+ 11,809 from yesterday’s 135,569)

 

 

 

From Worldometer yesterday evening -before their day’s close- (Note: Brazil and Russia keep climbing fast)

 

 

From Worldometer – NOTE: mortality rate for closed cases remains at 21% –

 

 

From SCMP:

 

 

From COVID19Info.live: (Belgium in first place worldwide of deaths per million at 445, 14.3% CFR, before Spain, Italy, France and UK.)

 

 

 

 

Jan. 14 to Jan. 20 was already late in the game.

China Didn’t Warn Public Of Likely Pandemic For 6 Key Days (AP)

In the six days after top Chinese officials secretly determined they likely were facing a pandemic from a new coronavirus, the city of Wuhan at the epicenter of the disease hosted a mass banquet for tens of thousands of people; millions began traveling through for Lunar New Year celebrations. President Xi Jinping warned the public on the seventh day, Jan. 20. But by that time, more than 3,000 people had been infected during almost a week of public silence, according to internal documents obtained by AP and expert estimates based on retrospective infection data. Six days. That delay from Jan. 14 to Jan. 20 was neither the first mistake made by Chinese officials at all levels in confronting the outbreak, nor the longest lag, as governments around the world have dragged their feet for weeks and even months in addressing the virus.

But the delay by the first country to face the new coronavirus came at a critical time — the beginning of the outbreak. China’s attempt to walk a line between alerting the public and avoiding panic set the stage for a pandemic that has infected more than 2 million people and taken more than 133,000 lives. “This is tremendous,” said Zuo-Feng Zhang, an epidemiologist at the University of California, Los Angeles. “If they took action six days earlier, there would have been much fewer patients and medical facilities would have been sufficient. We might have avoided the collapse of Wuhan’s medical system.” Other experts noted that the Chinese government may have waited on warning the public to stave off hysteria, and that it did act quickly in private during that time.

But the six-day delay by China’s leaders in Beijing came on top of almost two weeks during which the national Center for Disease Control did not register any cases from local officials, internal bulletins obtained by the AP confirm. Yet during that time, from Jan. 5 to Jan. 17, hundreds of patients were appearing in hospitals not just in Wuhan but across the country. [..] The punishment of eight doctors for “rumor-mongering,” broadcast on national television on Jan. 2, sent a chill through the city’s hospitals. “Doctors in Wuhan were afraid,” said Dali Yang, a professor of Chinese politics at the University of Chicago. “It was truly intimidation of an entire profession.”

Read more …

May not be coronavirus, though. In November, Beijing hospitals reported three instances of pneumonic plague (transmitted by fleas, not a virus) in people coming from Inner Mongolia:

US Alerted Israel, NATO To Disease Outbreak In China In November (ToI )

US intelligence agencies alerted Israel to the coronavirus outbreak in China already in November, Israeli television reported Thursday. According to Channel 12 news, the US intelligence community became aware of the emerging disease in Wuhan in the second week of that month and drew up a classified document. Information on the disease outbreak was not in the public domain at that stage — and was known only apparently to the Chinese government. US intelligence informed the Trump administration, “which did not deem it of interest,” but the report said the Americans also decided to update two allies with the classified document: NATO and Israel, specifically the IDF.

The network said Israeli military officials later in November discussed the possibility of the spread of the virus to the region and how it would affect Israel and neighboring countries. The intelligence also reached Israel’s decision makers and the Health Ministry, where “nothing was done,” according to the report. Last week, ABC News reported that US intelligence officials were warning about the coronavirus in a report prepared in December by the American military’s National Center for Medical Intelligence. It was unclear if that was the same report that was said to have been shared with Israel. In its first major step to prevent the spread of the coronavirus, Israel announced on January 30 it was barring all flights from China, ten days after Chinese leader Xi Jinping issued his first public comments on the virus and the Asian country’s top epidemiologist said for the first time it could be spread from person to person.

An Associated Press report on Wednesday said Xi’s warning came seven days after Chinese officials secretly determined that they were likely facing a pandemic, potentially costing China and other countries valuable time to prepare for the outbreak. Doctors in Wuhan, the city at the center of the outbreak in China, are reported to have first tried to have warn about the virus in December, but were censored.

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Many countries should follow suit. Hidden deaths are everywhere, and the incentive to report them is mostly lacking.

Holland just reported the 2nd week in a row with 2,000 more deaths than usual, but their testing is still terribly deficient.

Wuhan Death Toll Up By 50% As 1,290 ‘Delayed & Omitted’ Fatalities Added (RT)

The Chinese city of Wuhan – ground zero for the coronavirus pandemic – has revised its fatality count, increasing the total by just shy of 1,300 deaths, which officials say went unreported due to “delays” and “omissions.” Authorities in Wuhan added another 1,290 deaths to the city’s death toll on Friday, putting the overall figures at 50,333 infections and 3,869 fatalities in the virus’ first epicenter. The revision was necessary to “address incorrect reporting, delays and omissions of cases,” city officials said, with the new numbers increasing Wuhan’s death tally by some 50%. “In the early stage of the epidemic, due to insufficient capacity for admission and treatment, a small number of medical institutions failed to connect with the disease prevention and control information system in a timely manner,” Wuhan health officials said, adding that a “statistical investigation” had been conducted to correct the figures.

Read more …

More things we don’t know.

Men Are Much More Likely To Die From Coronavirus. Why? (G.)

Early on, smoking was suggested as a likely explanation. In China, nearly 50% of men but only about 2% of women smoke, and so underlying differences in lung health were assumed to contribute to men suffering worse symptoms and outcomes. The smoking hypothesis was backed by a paper, published last month, that found smokers made up about 12% of those with less severe symptoms, but 26% of those who ended up in intensive care or died. Smoking might also act as an avenue for getting infected in the first place: smokers touch their lips more and may share contaminated cigarettes. Behavioural factors that differ across genders may also have a role. Some studies have shown that men are less likely to wash their hands, less likely to use soap, less likely to seek medical care and more likely to ignore public health advice.

These are sweeping generalisations, but across a population could place men at greater risk. However, there is a growing belief among experts that more fundamental biological factors are also at play. While there are higher proportions of male smokers in many countries – in the UK, 16.5% of men smoke compared with 13% of women – the differences are nowhere near as extreme as in China. But men continue to be overrepresented in Covid-19 statistics. “The growing observation of increased mortality in men is holding true across China, Italy, Spain. We’re seeing this across very diverse countries and cultures,” said Sabra Klein, a professor at Johns Hopkins Bloomberg School of Public Health. “When I see that, it makes me think that there must be something universal that’s contributing to this. I don’t think smoking is the leading factor.”

Previous research, including by Klein, has revealed that men have lower innate antiviral immune responses to a range of infections including hepatitis C and HIV. Studies in mice suggest this may also be true for coronaviruses, though Covid-19 specifically has not been studied. “Their immune system may not initiate an appropriate response when it initially sees the virus,” Klein said. Hormones can also play a role – oestrogen has been shown to increase antiviral responses of immune cells. And many genes that regulate the immune system are encoded on the X chromosome (of which men have one, and women have two) and so it is possible that some genes involved in the immune response are more active in women than in men.

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The embassy talked about France leaving elderly patients “to die of hunger and disease.”

France Summons Chinese Envoy Over Criticism Of COVID19 response (RT)

Paris has summoned its Chinese envoy after the embassy published a blistering critique of the West’s response to the Covid-19 crisis, accusing leaders of failing to act and abandoning vulnerable citizens to death and starvation. “Certain publicly voiced opinions by representatives of the Chinese Embassy in France are not in line with the quality of the bilateral relations between our two countries,” Foreign Minister Jean-Yves Le Drian said in a statement late on Tuesday, calling on Ambassador Lu Shaye to answer for an article published on the Chinese Embassy website over the weekend.

Entitled ‘Restoring distorted facts,’ the lengthy post – which listed no author – tore into the US and European governments for their handling of the pandemic, while defending Beijing from accusations of concealing information and of a sluggish response. “In the West, we have seen politicians tearing themselves apart to recover votes; advocate herd immunity, thus abandoning their citizens alone in the face of the viral massacre.” The article claimed that some nursing homes had been “deserted,” leaving elderly patients “to die of hunger and disease.”

The post also took aim at Western news outlets, “which take themselves for paragons of impartiality and objectivity,” yet appear to care more about “slandering, stigmatizing and attacking China” than covering the raging health crises in their own countries. “Do these media and these experts, so fond of objectivity and impartiality, have a conscience? Do they have ethics?” Responding to the blustery article, the French FM insisted “there is no room for polemics” amid the Covid-19 pandemic, stating he made his “disapproval” clear to Lu and that France and other nations must pursue “unity, solidarity and the greatest international cooperation.”

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What a surprise.

Chinese Economy Shrank For The First Time Since 1976 In Q1 (SCMP)

China’s economy shrank by 6.8 per cent in the first quarter of 2020, the first contraction since the end of the Cultural Revolution in 1976, confirming the economic damage done by the coronavirus pandemic. Over the first three months of the year, the world’s second largest economy faced an extensive shutdown as it battled to contain the spread of the coronavirus, and has subsequently struggled to fully reopen. New data released by the National Bureau of Statistics (NBS) on Friday confirmed the slump, which was worse than predictions of minus 6.0 per cent from a survey of analysts’ forecasts by Bloomberg. NBS data also showed that over the single month of March the economy remained under huge pressure, with the industrial sectors, retail and fixed asset investment all shrinking again, following a dramatic collapse over the first two months of the year.


Industrial production, a gauge of manufacturing, mining and utilities, fell by 1.1 per cent last month, after a 13.5 per cent decline over January and February, when the data was combined. This was much better than expectations of a 6.2 per cent decline, according to the Bloomberg survey. Within that, however, manufacturing contracted by 10.2 per cent, suggesting that even as factories reopen, headwinds remain. Retail sales, a key measurement of consumption in the world s most populous nation, fell by 15.8 per cent, following a record 20.5 per cent collapse in the first two months, much worse than forecasts of a 10.0 per cent slump. Fixed asset investment, a gauge of expenditure over the year to date on items including infrastructure, property, machinery and equipment, fell by 16.1 per cent over the first three months, from an all-time low of minus 20.5 per cent in January-February. Analysts had forecast a 15.1 per cent slump.

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Terrible headline, but interesting concept: ..how many jobs can society do without? The answer, it would appear, is an awful lot. David Graeber, pay attention.

Biophysical Economics and the Coronavirus Pandemic (Fix)

[..] there are two constraints on our ability to deal with the coronavirus pandemic. The first constraint is money. This gets all the press right now — and rightly so. To slow the spread of the coronavirus, millions of people are staying home from work. Since we don’t want these people to starve, we need to somehow give them money. But where should this money come from? While this appears like a monetary constraint, it’s actually a social constraint. Money is a social fiction that we can create and destroy at will. So at the societal level, ‘not having enough money’ isn’t a real constraint. No, the real constraint is about who has the power to create and distribute money. We usually give most of this power to the private sector. (Banks create the majority of money when they issue credit.) We forget that the government can also create money. Fortunately, many governments of the world are rediscovering this power, and are paying their citizens to stay at home.

While this (apparent) monetary constraint is on the top of our minds, there are also biophysical constraints on how we can deal with the coronavirus pandemic. These biophysical constraints are little discussed, but they’re more fundamental than the lack of money. [..] Two hundred years ago, most people lived in rural areas. This made it easy to keep your distance from other people (if you had to). Now the vast majority of us live in cities, making it hard to stay away from other people. So urbanization has made it more difficult to fight pandemics.

Fortunately, another demographic change offsets the affects of urbanization. To slow the spread of the virus, many of us are being paid to sit at home and do nothing. Two hundred years ago this would have been impossible. Why? Because at the time, most people were farmers. If they didn’t go to work, the population would starve. So a sweeping ‘stay-at-home’ order would have been impossible. Now things are different. As Figure 1 shows, the US has undergone an astonishing
demographic inversion. The vast majority of people now work in the service sector. This means that many of us can simply not work. Sure, without a large service sector we can’t get our lattes or our manicures. But we won’t starve. So the coronavirus pandemic is forcing us to run a vast social experiment. The research question is this: in the short run, how many jobs can society do without? The answer, it would appear, is an awful lot.


Figure 1: The demographic inversion in the US. The sector composition of the US in 1800 (left) and in 2010 (right). [Source: Rethinking Economic Growth Theory from a Biophysical Perspective]

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Millions losing health care in a pandemic….

22 Million New Jobless Claims, 9.2 Million Lost Health Care In Past Month (NBC)

The number of unemployed Americans continues to climb with another 5 million people filing jobless claims last week, bringing the total number of people applying for unemployment to 22 million in the last month. But an unsettling undercurrent of that number is the amount of people who are also losing access to health insurance because they lost their job. Approximately 9.2 million workers have likely lost their employer-provided health care coverage in the past four weeks, an analysis from the Economic Policy Institute concluded.


Two weeks ago, the nonprofit think tank concluded that nearly 3.5 million among the 8.7 million claims likely lost their employer coverage. An additional 11.4 million people have since applied for unemployment, with the biggest losses of insurance coming from the health care/social assistance, manufacturing and retail sectors. NBC News previously reported that states are bracing for an increase in the number of people who have applied for Medicaid, the public health care coverage option, since the coronavirus pandemic caused states to shutter businesses and caused workers to lose access to their insurance.

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…vs the other side of America…

43,000 US Millionaires Will Get ‘Stimulus’ Averaging $1.6 Million Each (NYP)

At least 43,000 American millionaires who are too rich to get coronavirus stimulus checks are getting a far bigger boost — averaging $1.6 million each, according to a congressional committee. The Coronavirus Aid, Relief, and Economic Security (CARES) Act trumpeted its assistance for working families and small businesses, but it apparently contains an even bigger benefit for wealthy business owners, the committee found. The act allows pass-through businesses — ones taxed under individual income, rather than corporate — an unlimited amount of deductions against their non-business income, such as capital gains, the Washington Post said. They can also use losses to avoid paying taxes in other years.


That gives the roughly 43,000 individual tax filers who make at least $1 million a year a savings of $70.3 billion — or about $1.6 million apiece, according to the Joint Committee on Taxation. Hedge-fund investors and real estate business owners are “far and away” the ones who will benefit the most, tax expert Steve Rosenthal told the Washington Post. Sen. Sheldon Whitehouse (D-RI) called it a “scandal” to “loot American taxpayers in the midst of an economic and human tragedy.” Sen. Lloyd Doggett (D-Texas) claimed that “someone wrongly seized on this health emergency to reward ultrarich beneficiaries.” “For those earning $1 million annually, a tax break buried in the recent coronavirus relief legislation is so generous that its total cost is more than total new funding for all hospitals in America and more than the total provided to all state and local governments,” he stressed in a statement.

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And there are the dollar-denominated debts again…

Fed Just Jawboning, Massively Tapered QE-4, Hasn’t Bought Any Junk Bonds (WS)

Since the Fed announced its market bailouts and interventions on March 15, it has printed and handed to Wall Street $2.06 trillion. But here is the thing: This was front-loaded, and over the past two weeks, it has cut its bailouts in half, and it has stopped lending new funds to its SPVs that were expected to buy all manner of securities, including equities, junk bonds, and old bicycles. But those loan amounts haven’t moved in four weeks. What it has bought were Treasury securities and mortgage-backed securities – and it’s cutting back on those too. Total assets on the Fed’s balance sheet rose by $285 billion during the week through April 15, reported Thursday afternoon, to $6.37 trillion.


Over the past five weeks, including the partial bailout-week which started March 16 and ended March 18, total assets increased by these amounts. Note the big taper from $586 billion and $557 billion early on to $287 billion in the latest week: • $356 billion (Mar 18, partial bailout week started Mar 16) • $586 billion (Mar 25) • $557 billion (Apr 1) • $272 billion (Apr 8) • $285 billion (Apr 15).

The $6.37 trillion of assets on the Fed’s balance sheet are mostly composed of Treasury securities, mortgage-backed securities (MBS), repurchase agreements (repos), “foreign central bank liquidity swaps,” and “loans” to its Special Purpose Vehicles (SPVs). We’ll go through them one at a time. The Fed added $154 billion in Treasury securities during the week, down 47% from the $293 billion it had added the week before, and down 57% from the $362 billion it had added two week ago. This is a major factor in the Big Taper of QE-4.

The sharp reduction in purchases of Treasuries confirms for now that the Fed is sticking to its announcement that it would drastically cut QE after the initial blast. Fed Chair Jerome Powell in a webcast on April 10 said that the Fed would pack away its emergency tools once “private markets and institutions are once again able to perform their vital functions of channeling credit and supporting economic growth.” Whatever that means. [..] The Fed has “dollar liquidity swap lines” with [many central banks]. The total on its balance sheet increased by $20 billion from the prior week to $378 billion but has been in the same range all April. Of note: • 83% of outstanding liquidity swaps are with the ECB ($138 billion) and the BOJ ($176 billion). • The Bank of England is far behind ($22 billion). And there no swaps with the central banks of Canada, Brazil, New Zealand, and Sweden.

[..] neither the ECB nor the BOJ need the dollars for trade. They need them to support their banks and companies have large dollar-denominated debts and speculative bets that they need to refinanced with cheap dollars. And those swaps make that possible.

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Wisdom.

Cut Military Spending To Fund Human Security – Gorbachev (RT)

The Covid-19 pandemic shows that governments that think of security in mostly military terms are simply wasting money, Mikhail Gorbachev has said. Defence spending must be cut globally to fund things that humanity actually needs. The former Soviet leader called on the world to move away from hard power in international affairs. He remains especially worried about the kind of military brinkmanship that lately has almost led to a shooting war in the Middle East. “What we urgently need now is a rethinking of the entire concept of security,” he wrote, in an op-ed published by TIME magazine. “Even after the end of the Cold War, it has been envisioned mostly in military terms. Over the past few years, all we’ve been hearing is talk about weapons, missiles and airstrikes.”

The Covid-19 outbreak has highlighted once again that the threats humanity faces today are global in nature and can only be addressed by nations collectively. The resources currently spent on arms need to go into preparation for such crises, Gorbachev said. “The overriding goal must be human security: providing food, water and a clean environment, and caring for people’s health,” he said. The first thing that nations should do after the coronavirus is dealt-with is to make a commitment to a massive demilitarization. “I call upon [world leaders] to cut military spending by 10 percent to 15 percent. This is the least they should do now, as a first step toward a new consciousness, a new civilization.”

Gorbachev, the former leader of the USSR who is credited with de-escalating the Cold War against the US and with negotiating a dramatic reduction in the nuclear arsenals of the two powers, shared his opinions and aspirations as the global number of Covid-19 cases surpassed the two-million benchmark. The pandemic has led to over 130,000 deaths and is projected to plunge the world economy into a recession of a magnitude unseen since the 1920s.

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It should be easy for Xi to prevent this.

Chinese Airlines Poised For Post-Coronavirus ‘Revenge Travelling’ (SCMP)

China’s airlines are poised for a bout of “revenge travelling” in the coming weeks, as soaring reservations ahead of the annual Labour Day holiday and demand by residents returning home from quarantines helped them recover 40 per cent of their traffic. Regional carriers like Guizhou Airlines, Fuzhou Airlines, and China Eastern Airlines’ low-cost unit China United Airlines have added new routes around the country, according to CAAC News, a newspaper run by the Civil Aviation Administration of China (CAAC). United has added 25 routes, eight of which depart from the new Daxing airport in the Chinese capital.

“Chinese carriers are hoping that they could make a breakthrough on the Labour Day holiday,” said the Institute for Aviation Research’s founder and president Lei Zheng, adding that airlines do tend to make seasonal scheduling adjustments. “If they have decent recovery during May, then they can be well-prepared for summer, one of the two most profitable seasons other than the Lunar New Year.” The recovery in air travel, underpinned by an easing coronavirus outbreak in mainland China, is welcomed news for an industry that has suffered 39.82 billion yuan (US$5.6 billion) in first-quarter losses as air passenger traffic shrank 53.9 per cent.

[..] At the height of the outbreak in China a month ago, the aviation regulator grounded most aircraft, limiting each airline to one weekly international route at 75 per cent capacity. As the daily caseload of coronavirus infections fell to single digits, carriers resumed their services, increasing the average aircraft utilisation to 2.8 hours a day, compared with 9 hours per day before the Covid-19 pandemic, according to Flight Master, a Chinese travel intelligence and data company.
China’s Labour Day holiday begins on May 1 and lasts until May 5, an annual weeklong break that usually marks the first peak for travelling and shopping in calendar following the Lunar New Year. Flights are resuming to destinations with lighter caseloads of the coronavirus infections, and where local authorities have either lifted, or are implementing less draconian isolation and quarantine measures than some of the most severely afflicted cities.

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I see people say that Greece was very early in its response. It wasn’t, the second half of March was not ‘very early’. What they did right was to be rigorous when they finally got going.

Greece to Celebrate Easter Under Coronavirus Lockdown (GR)

Greece will celebrate Easter on Sunday, the most important religious holiday of the Orthodox Church, behind closed doors this year after the authorities strictly forbade the traditional spirited celebrations of mass church attendance, firecrackers and large family gatherings. Authorities are desperate to avoid the traditional mass exodus of city dwellers, when hundreds of thousands of Greeks traditionally flock to churches and to their ancestral homes to celebrate Christ’s resurrection, in order to prevent the spread of coronavirus. As of Friday, officials reported 2,207 cased and the death toll at 105, one of the lowest rates in Europe. But compliance will be tested over the long Easter weekend.


The government has doubled fines and included removal or car plates for anyone who travels without reason for Greek Orthodox Easter, Civil Protection Deputy Minister for Crisis Management Nikos Hardalias said on Thursday. Extra controls will be in place at toll posts and ports, and only those with a permanent residency in the area will be allowed to travel to prevent trips to visit relatives or second homes in the countryside. “This virus doesn’t distinguish days, whether it’s a celebration or not,” said Hardalias, who spoke extensively of the great majority of Greek citizens who have observed faithfully the lockdown restrictions, and explained the introduction of additional ones, particularly for Easter. As he said, “One in ten Greeks has said directly or explicitly that they will not follow directions. They do not want to change their habits for one day, as if nothing is going on.”

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If anything, RT has been surprisingly calm in its responses. But sometimes there’s a column that is a bit less that. And c’mon, Biden…

Russiagate Godfather Obama Promotes NYTimes’ “Putin + Covid-19” (RT)

What does Joe Biden have in common with a New York Times article even critics of Russian President Vladimir Putin have described as “incompetent”? Both have received ringing endorsements from former US President Barack Obama. “Democracy depends on an informed citizenry and social cohesion. Here’s a look at how misinformation can spread through social media, and why it can hurt our ability to respond to crises,” Obama tweeted on Wednesday – linking to an article published three days prior. Written by William S. Broad, the top science journalist at the New York Times, the piece contains no actual science – merely a laundry list of conspiracy theories blaming Russia and Putin personally for wanting to “discredit the West and destroy his enemies from within.” “Analysts say” that Putin personally “played a principal role in the spread of false information” about vaccines, the coronavirus, and just about anything really, Broad argues.

Which analysts? Well, Broad cites only three professional Russia-baiters by name, uses two entirely unrelated stories from years ago that were in the general “blame Russia for disinformation” ballpark, and cites “sources” such as the infamous “Intelligence Community Assessment” blaming Russia for the 2016 presidential election. Remember that one? The “Trump-Russia collusion” claim that Russia “hacked our democracy” (whatever that means) that the Democrats flogged for four years to explain losing to Donald Trump and attempt to oust him from office – until it imploded last May and they had to scramble to invent a bogus “Ukrainegate” conspiracy to actually impeach him – and the outlets like the Times and the Washington Post leveraged to get Pulitzers?

Or has all this vanished in the mists of time, due to the month-long brain scrambling induced by the coronavirus lockdowns? May 2019, incidentally, is when Broad wrote another hit piece along the exact same lines, only narrower in scope: he accused RT America of doing Putin’s bidding by reporting on theories that 5G wireless networks could be dangerous. No matter that mainstream US news outlets have reported on the issue in the exact same way – Broad saw “RUSSIA” and had to jump in. Then, too, he chose not to interview actual scientists but Russiagate-pushers such as Ryan Fox, CEO of New Knowledge – the notorious outfit that blamed Russia for its own bot campaign in the 2017 Senate election in Alabama. In other words, a literal false-flag perpetrator.

By way of illustration, one of the “experts” Broad quotes has a line about “a cloud of Russian influencers,” which the NY Times journalist then describes thusly: The players, he said, probably include state actors, intelligence operatives, former RT staff members and the digital teams of Yevgeny Prigozhin, a secretive oligarch and confident [sic] of Mr. Putin’s who financed the St. Petersburg troll farm. “Probably!” Also, you left out the kitchen sink.

And Cooper and Gupta sit there listening, serious faces and all, because this is supposed to be their man.

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A very biased hudge decides that a jury frontperson is not biased.

Roger Stone Denied Bid For New Trial (G.)

A federal judge on Thursday denied a bid for a new trial by Donald Trump’s longtime friend and adviser Roger Stone after the veteran Republican operative accused the jury forewoman of being tainted by anti-Trump political bias. Amy Berman Jackson, a US district court judge, rejected Stone’s claim that the forewoman was biased against Trump and therefore could not be impartial in deciding Stone’s guilt or innocence during the trial. “There is zero evidence of ‘explicit bias’ against Stone, and defendant’s attempts to gain a new trial based on implied or inferred bias fail,” Berman Jackson said in an 81-page decision. Stone, a longtime confidant and former aide to Trump, was convicted in November of seven felonies in an attempt to interfere with a congressional inquiry. He was sentenced to 40 months in prison.


In her memorandum, Berman Jackson said the lawyers had not proved the forewoman was biased or that any jurors acted inappropriately. She included details of their juror questionnaires in her explanation. “The assumption underlying the motion – that one can infer from the juror’s opinions about the president that she could not fairly consider the evidence against the defendant – is not supported by any facts or data and it is contrary to controlling legal precedent,” she wrote in denying the new trial. “The motion is a tower of indignation, but at the end of the day, there is little of substance holding it up.” Stone must appear in person “at the institution designated by the Bureau of Prisons” within 14 days to serve out his sentence, Jackson ruled. She also released Stone and his lawyers from a gag order.

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“In the cold autumn of 1629, the plague came to Florence, Italy..”.

Notable for the ‘lavish’ provision of food for the poor, backed by the thought that underfed people are more likely to spread a disease.

Surviving Plague in an Early Modern City (Henderson)

The officials of the Sanità, the city’s health board, wrote anxiously to their colleagues in Milan, Verona, Venice, in the hope that studying the patterns of contagion would help them protect their city. Reports came from Parma that its ‘inhabitants are reduced to such a state that they are jealous of those who are dead’. The Sanità learned that, in Bologna, officials had forbidden people to discuss the peste, as if they feared you could summon death with a word. Plague was thought to spread through corrupt air, on the breath of the sick or trapped in soft materials like cloth or wood, so in June 1630 the Sanità stopped the flow of commerce and implemented a cordon sanitaire across the mountain passes of the Apennines.

But they soon discovered that the boundary was distressingly permeable. Peasants slipped past bored guards as they played cards. In the dog days of the summer, a chicken-seller fell ill and died in Trespiano, a village in the hills above Florence. The city teetered on the brink of calamity. By August, Florentines were dying. The archbishop ordered the bells of all the churches in the city to be rung while men and women fell to their knees and prayed for divine intercession. In September, six hundred people were buried in pits outside the city walls.

[..] The Sanità arranged the delivery of food, wine and firewood to the homes of the quarantined (30,452 of them). Each quarantined person received a daily allowance of two loaves of bread and half a boccale (around a pint) of wine. On Sundays, Mondays and Thursdays, they were given meat. On Tuesdays, they got a sausage seasoned with pepper, fennel and rosemary. On Wednesdays, Fridays and Saturdays, rice and cheese were delivered; on Friday, a salad of sweet and bitter herbs. The Sanità spent an enormous amount of money on food because they thought that the diet of the poor made them especially vulnerable to infection, but not everyone thought it was a good idea. Rondinelli recorded that some elite Florentines worried that quarantine ‘would give [the poor] the opportunity to be lazy and lose the desire to work, having for forty days been provided abundantly for all their needs’.

The provision of medicine was also expensive. Every morning, hundreds of people in the lazaretti were prescribed theriac concoctions, liquors mixed with ground pearls or crushed scorpions, and bitter lemon cordials. The Sanità did devolve some tasks to the city’s confraternities. The brothers of San Michele Arcangelo conducted a housing survey to identify possible sources of contagion; the members of the Archconfraternity of the Misericordia transported the sick in perfumed willow biers from their homes to the lazaretti. But mostly, the city government footed the bill. Historians now interpret this extensive spending on public health as evidence of the state’s benevolence: if tracts like Righi’s brim over with intolerance towards the poor, the account books of the Sanità tell an unflashy story of good intentions.

Read more …

 

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Feb 232020
 


Jack Delano Spectators at annual barrel rolling contest in Presque Isle, Maine 1940

 

COVID19 Cases Outside China Go Exponential (ZH)
Millions Of Chinese Ordered Back To Work (Obs.)
China’s 92% Car Sales Collapse Sign Of Sharp Trade Decline To Come (SCMP)
Trump Furious Americans Infected With Coronavirus Flown Back To US (Fox)
18 Koreans Test Positive For COVID-19 After Israel Pilgrimage (KH)
US Says Russia Behind Coronavirus Disinformation Campaign (G.)
Roger Stone Deserves A New Trial (Turley)
Julian Assange, Lawyers Were Secretly Recorded In Ecuador Embassy (ABC.au)
Subprime Credit Card Delinquencies Spike to Record High, Past Financial-Crisis Peak (WS)
Trump Reportedly Calls John Bolton A ‘Traitor’ And Wants To Block His Book (G.)
Trump: ‘Congrats Bernie…Don’t Let Them Take It Away From You!’ (SAC)

 

 

Cases 78,866 (+ 938 from yesterday’s 77,928).

Deaths 2,464 (+ 102 from yesterday)

 

• Italy: Thursday 3 cases, Sunday 115 cases, 89 in Lombardy, declares “national emergency”;
second death reported, first case in Milan city; much of Northern Italy put on lockdown. Top-level soccer games cancelled.

• South Korea: total 556 cases (10x increase in 5 days), 123 new cases, 1 new death

• Iran: 29 cases 6 deaths

• US: 35 cases, 200 under observation in San Diego

• Japan: 750 cases, 634 from Diamond Princess, Others triple in a week to 121

• Cases outside China go exponential

• WHO team visits Wuhan; will give Monday press conference

• 18 Koreans test positive after Israel pilgrimage. Israel Ministry of Health expects to close borders for non-residents soon

• Worldometer mortality rate for closed cases (recovered/discharged or dead) is 10%

 

From SCMP:

 

 

From Worldometer (note: mortality rate for closed cases is still 10%!)

 

 

 

 

Big week to come. Given all the new clusters forming, outside of China, things don’t look particularly good. Inside China there are efforts to start moving people around again, to work. Very risky. Many of the clusters and cases outside of Hubei are relatively new, so infection hasn’t worked its worst there.

COVID19 Cases Outside China Go Exponential (ZH)

South Korea reported 229 new confirmed cases on Saturday, as the number of infections more than doubled in a day to 433, an eightfold jump in just four days. [..] the number of new cases in South Korea has now doubled each day for the past 4 days, a true exponential increase. South Korea’s fourth-largest city, is where the initial cluster of cases of emerged; it has since been designated a “special management zone.” The central government is channeling medical support to the zone with more staff, hospital beds and equipment. In Daegu, more than half of South Korea’s cases have been among members of a secretive religious sect who often crowd together in worship, and their relatives or contacts.

Another 111 are patients or staff members at the Daenam Hospital in Cheongdo, where the two South Koreans who have died of the virus had been admitted. It gets worse: more than 1,250 members of the sect, the Shincheonji Church of Jesus, have reported potential symptoms, and officials are still trying to locate 700 members so they can be screened. “In accordance with law and principles, the government will sternly deal with acts that interfere with quarantine efforts, illegal hoarding of medical goods and acts that spark uneasiness through massive rallies,” Chung said, pointing out just how convenient the coronavirus will be when government seek to squash all future protests.

It gets even worse: Samsung, the world’s biggest smartphone maker, shut down a factory after a worker tested positive. The factory, located in the city of Gumi, about an hour north of Cheongdo, is expected to resume operations on Monday morning, Samsung said. But the floor of the factory where the patient has worked will be closed until Tuesday morning, it said. We wonder how long until it truly reopens. But the scariest development in the past 24 hours is that almost all patients at a psychiatric ward of a South Korean hospital tested positive for the coronavirus, with local reports saying members of the abovementioned Shincheonji Church of Jesus sect which has rapidly emerged as the single biggest cluster of new S. Korean cases, had attended a funeral in the same complex.

South Korea’s two confirmed deaths from the virus were also from the Daenam Hospital in Cheongdo hospital’s mental health division, Korea’s Centers for Disease Control and Prevention said Saturday. Both patients had been moved out of the psychiatric ward for medical treatment before their deaths, Vice Health and Welfare Minister Kim Kang-lip said at a briefing. In other words, of the total 443 confirmed cases, more than half, or 231 were linked to Daegu, sect, while at least 111 – including four nurses – were from the psychiatric ward of the hospital in Cheongdo County. The two clusters account for almost 80% of the confirmed cases.

Read more …

Dumb understatement: “An influential Chinese economist has already warned that the coronavirus crisis could slice a full percentage point off growth this year”

Millions Of Chinese Ordered Back To Work (Obs.)

The Chinese authorities are trying to usher the country back to work, a month after announcing the unprecedented quarantine of millions of people. But they face a difficult balancing act between containing the virus and supporting a faltering economy. Wuhan and surrounding Hubei province, the centre of the outbreak, have been the focus of disease prevention efforts. over the last four weeks. As the death toll climbed to more than 2,000 worldwide, and infections to over 75,000, the vast majority of cases were still inside that quarantined zone. But the disease had spread far across the country before Hubei was sealed off, and some of the worst-affected places are the manufacturing and economic centres that power China’s economy.

Southern Guangdong province, just across from Hong Kong and home to international giants such as Apple supplier Foxconn, is the second-worst affected province after Hubei, with 1,339 cases of the coronavirus confirmed and five deaths. Eastern Zhejiang, near Shanghai, is the fourth most seriously hit, with 1,205 cases by , although only one death. It is also the base for companies including the hugely influential Alibaba, China’s answer to Amazon and eBay. Those total numbers of infections are far above the 639 cases registered across all of China on 23 January, when Hubei was put on sudden lockdown. The situations are not directly comparable; coronavirus had been spreading almost unchecked in Wuhan for weeks before the quarantine, and overwhelmed hospitals appear to have sent patients home, only to spread the disease.

Authorities in other areas started tracking cases much earlier and have better resources to isolate and treat those who fall sick, something reflected in a much lower death rate. The speed of the disease’s spread is perhaps not surprising given Wuhan’s position as a regional economic hub, with links to other key centres, and the fact that the coronavirus has proved contagious in the early days of infection when patients have few symptoms, making it hard to identify carriers as clusters spread. Yet China cannot afford for its factories to sit idle, or its restaurants and shops to stay empty indefinitely. Authorities were already worried about faltering growth after last year saw the slowest rate of expansion in almost three decades; GDP growth had not slid so low since 1990, when China was isolated in the aftermath of the Tiananmen Square massacre.

An influential Chinese economist has already warned that the coronavirus crisis could slice a full percentage point off growth this year. So authorities are trying to balance two unfathomable risks – of either fuelling the coronavirus by pushing too much for normal routines, or paving the way for the collapse of their local economy by keeping everything on lockdown. Many small and medium companies in particular are already hovering on the brink, and a wave of bankruptcies is expected. Retail and hospitality companies expected bumper sales over the lunar new year, and even factories that closed for the holiday expected to reopen in early February.

[..] In Shenzhen, the border city that has come to rival Hong Kong, businesses have been told they can resume work immediately if they have virus control measures that include disinfecting, giving employees at least two masks a day, making temperature checks, and having their plans approved by local officials. There is already a gap between regulation and reality, however. “We started today, but the boss only gave us one mask when we all know he’s supposed to give out two,” said one 52-year-old woman employed at a Shenzhen factory making plastic items such as skateboard wheels, cups and toy parts. “My husband, who works at a restaurant near here, is also only getting one mask per day,” she added, giving only her last name, Xiao, over fears of being fired or getting her boss into trouble.

Read more …

Why would anyone expect sales to pick up anytime soon?

China’s 92% Car Sales Collapse Sign Of Sharp Trade Decline To Come (SCMP)

A 92 per cent drop in car sales in China in the first half of February provided the first real indicator of the economic impact of the coronavirus epidemic, with officials also warning of a sharp decline in Chinese exports and imports for the first two months of the year. The China Passenger Car Association (CPCA) on Friday said that sales dropped to just 4,909 units in the first 16 days of the month, down from 59,930 vehicles in the same period a year earlier. “Very few dealerships opened in the first weeks of February and they have had very little customer traffic,” said the CPCA. China’s car market is likely to see sales slide more than 10 per cent in the first half of the year due to the outbreak, and around 5 per cent for the whole year, provided the virus is effectively contained before April, the country’s top industry body, the China Association of Automobile Manufacturers (CAAM), said last week.

The sector was already under pressure from the cooling economy, with car sales falling 3 per cent in 2018 in the first sales contraction since the 1990s, and 8.2 per cent in 2019, CAAM said. “We must firmly believe that China’s auto market still has great development space and potential, and the automobile consumption demand is still strong,” Wang Bin, vice-director of the commerce market operation department at the commerce ministry, said on Thursday. To stabilise the market, in which more than 25 million vehicles were sold last year, China’s commerce ministry said it will introduce more measures to boost consumption.


Li Xingqian, head of foreign trade at the Ministry of Commerce, said the growth rate for China’s exports and imports would decline sharply in the January-February period due to a collapse in logistics and the delayed start of work following the extended Lunar New Year holiday, which was aimed at controlling the coronavirus outbreak.

Read more …

Simply not their call to make.

Trump Furious Americans Infected With Coronavirus Flown Back To US (Fox)

President Trump was furious that 14 Americans infected with the coronavirus returned to the United States without his permission rather than remain in quarantine overseas, according to a new report. Trump had been briefed that the healthy U.S. passengers who spent weeks quarantined aboard the Diamond Princess cruise ship in Japan would be allowed to fly home on two chartered planes – while those who were sick or infected would stay in Japan to prevent the spread of the deadly virus. The president became “furious” with senior advisers after learning the 14 Americans who tested positive had been put on a plane with healthy passengers, according to The Washington Post.


One official told the paper that the failure to inform Trump of the decision in advance of the plane’s departure was a “big operational mistake.” Trump complained that bringing home the infected Americans could damage the adminstratration’s response to the global health outbreak. While the Americans evacuated from the ship were on buses on the tarmac in Tokyo, U.S. officials got the results back that 14 had tested positive for COVID-19 but had not yet shown symptoms. Officials made the decision to have them fly home anyway, but “isolated” from the other passengers on the plane.

Read more …

“The South Korean government lodged a complaint with Israel over its abrupt entry ban against South Koreans over concerns about the new coronavirus: “demand that such an incident not occur again”

18 Koreans Test Positive For COVID-19 After Israel Pilgrimage (KH)

Of 76 Koreans who traveled to Israel for religious pilgrimages in February, 18 tested positive for the deadly coronavirus upon returning home, local health authorities said Sunday. Two groups of Roman Catholic travelers stayed in Israel for about a week each for religious tourism earlier this month, visiting packed religious sites. Among 39 Koreans from North Gyeongsang Province who visited Israel from Feb. 8-16, 18 have been confirmed positive, including a tour guide residing in Seoul. A 59-year-old woman who lives in Yecheon County, North Gyeongsang Province, was the first confirmed patient. She was unable to go to work upon arrival due to a high fever and respiratory problems.


Local health authorities are scrambling to narrow down the exact times when the patients could have been infected, leaving open the possibility that a group member may have caught the virus prior to departure or somewhere along the travel route either in Israel or Korea. Another group of 37 people from Jeju Island traveled to Israel from Feb. 11-21, and one person with a cough was waiting for their test results as of Sunday afternoon. The presence of COVID-19 in these Korean tourists, as well as the skyrocketing number of confirmed cases here, prompted Israel to bar travelers from Korea from entering the country, the Israeli government said. As a result, some 130 Koreans who landed in Tel Aviv on Saturday evening, local time, were sent back to Korea after being denied entry.

Read more …

Using the same accounts they use for Syria, Yellow Vests etc. Just to make it easier for those smart Americans to figure out it’s them. That’s also why they [..] “carry messages similar to Russian-backed outlets such as RT..” You know, just so Americans don’t get all confused and stuff.

US Says Russia Behind Coronavirus Disinformation Campaign (G.)

Thousands of Russian-linked social media accounts have launched a coordinated effort to spread misinformation and alarm about coronavirus, disrupting global efforts to fight the epidemic, US officials have said. The disinformation campaign promotes unfounded conspiracy theories that the US is behind the new coronavirus outbreak, in an apparent bid to damage America’s image around the world. State department officials tasked with combatting Russian disinformation told the AFP false personas were being used on Twitter, Facebook and Instagram to advance Russian talking points in multiple languages.

“Russia’s intent is to sow discord and undermine US institutions and alliances from within, including through covert and coercive malign influence campaigns,” said Philip Reeker, acting assistant secretary of state for Europe and Eurasia. “By spreading disinformation about coronavirus, Russian malign actors are once again choosing to threaten public safety by distracting from the global health response,” he said. Some accounts have falsely claimed the US is waging “economic war on China” and that the virus is a biological weapon manufactured by the CIA.


[..] Several thousand online accounts – previously identified for airing Russian-backed messages on major events such as the war in Syria, the Yellow Vest protests in France and Chile’s mass demonstrations – are posting “near identical” messages about the coronavirus, according to a report prepared for the state department’s Global Engagement Center and seen by the AFP. The accounts are run by humans, not bots, and post at similar times in English, Spanish, Italian, German and French. They can be linked back to Russian proxies, or carry messages similar to Russian-backed outlets such as RT and Sputnik, the report said.

Read more …

Turley doesn’t acknowledge why Stone was dragged in front of Congress. Which was on a completely fabricated charge. That Stone himself did some of the fabricating seems a bit beside the point. I would be interested in Turley’s view on that, rather thann the obvious bias involved.

Roger Stone Deserves A New Trial (Turley)

With his sentencing this week, “agent provocateur” Roger Stone finally provoked himself into prison. However, his latest “performance art” may be nowhere near its conclusion. That is not because he has a “very good chance of exoneration,” as President Trump himself predicted. Stone has about the same chance of exoneration as he does of canonization. Rather, it is not clear that Stone received a fair trial due to alleged juror bias or, even if his trial is now finished, whether it will become undone by a presidential pardon. If nothing else, one thing should be clear. Stone holds a far greater claim to a new trial than to a presidential pardon. The decision of Judge Amy Berman Jackson to move forward with his sentencing was a surprise to many of us, following disturbing reports of potential juror bias by the trial foreperson.

It was a curious twist on the position of the Queen of Hearts in Alice in Wonderland, who declared, “Sentence first! Verdict afterwards.” In this case, the court decided to resolve the sentence before resolving if there was a valid verdict. I have previously discussed the statements made by Tomeka Hart before she became the jury foreperson. She exhibited intense hostility against Trump and his associates and protested against the administration. She also expressed support for investigations of the administration and even discussed this case. Worse yet, the transcript of the voir dire hearing did not suggest that the defense counsel was aware of this history. Either she disclosed the information and defense counsel was less than effective, or Hart had withheld the information and was less than transparent.


Jackson may have two equally unappealing choices. First, the court could order a new trial, making this sentencing drama a meaningless exercise. Second, she could dismiss any concerns as speculative and refuse to take any action. Such a decision would make a mockery of the jury selection process. What is the value of voir dire if a juror with such alleged bias can find her way not just onto the jury but into the position as foreperson?

Read more …

Roger Waters: “We will speak so loudly even the deaf will hear. We will write so clearly even the blind will read. You write injustice on the earth. We will write revolution in the sky.”

Julian Assange, Lawyers Were Secretly Recorded In Ecuador Embassy (ABC.au)

The case is being investigated by Spain’s federal court, the Audencia Nacional, which is examining whether Morales and UC Global are guilty of breaching both Assange’s privacy and lawyer-client privilege, as well as crimes relating to misappropriation of funds, bribery, and money laundering. “From 2015 to mid-2018, when UC Global lost the embassy’s security contract, a battery of illegal espionage measures was deployed, with massive interference in the privacy of [Assange], in his communications with his [legal] team, in meetings with his doctors, and in general against everyone close to him,” a criminal complaint filed by Assange’s Spanish lawyers stated.

“In those years the defendants created a sort of ‘Big Brother’ in which all the movements of Mr Assange and the people close to him were monitored.” The case commenced after a group of Spanish citizens contacted senior WikiLeaks employees and demanded a significant sum of money in return for what they said was voluminous proof of the espionage. A former UC Global employee — who cannot be identified for legal reasons — also separately approached WikiLeaks, wanting to reveal what they saw as the illegal behaviour of their former company. WikiLeaks referred the case to Spanish courts, who launched an investigation and arrested Morales. He was later released on bail. “This spying did not only affect Mr Assange’s lawyers, it also affected all of his visitors, including journalists,” Martinez said.

“It got to the point where, during a visit to Mr Assange, the head of Ecuador’s intelligence service [Rommy Vallejo, on December 21, 2017] was also spied on,” Martinez added. “In the meeting between Mr Vallejo and Mr Assange the possible release [from the embassy] of Mr Assange in a few days later was discussed.” Within hours of that secret meeting, which was known to only a few people, the US Ambassador to Ecuador complained to Ecuadorian authorities, and the next day the US issued an international arrest warrant for Assange, Martinez said. “That leads us to believe that the conversation was urgently sent to the US authorities and that they urgently issued the international arrest warrant the next day,” he said.

Martinez was himself spied on while having legal meetings with Assange at the embassy. “Mr Assange began to suspect that he was being spied upon … so he asked us to hold the most sensitive meetings in the women’s toilet at the back of the building,” Martinez recalled. “We honestly thought it was an exaggerated step to hold our legal meetings in the women’s toilet, where he would even open the water tap to avoid anyone listening. “It was interesting to find out that Mr Assange was, in fact, correct: the material before the court proves that UC Global knew the meetings were held inside the women’s toilet, as they proceeded to install an additional microphone [there].”

Read more …

Meanwhile in the not-yet-infected part of the world:

Subprime Credit Card Delinquencies Spike to Record High, Past Financial-Crisis Peak (WS)

The rate of credit card balances that are 30 days or more delinquent at the 4,500 or so commercial banks that are smaller than the top 100 banks spiked to 7.05% in the fourth quarter, the highest delinquency rate in the data going back to the 1980s (red line). But at the largest 100 banks, the credit-card delinquency rate was 2.48%, which kept the overall credit-card delinquency rate at all commercial banks at 2.7% (blue line), though it was the highest since 2012, according to the Federal Reserve. What’s going on here, with this bifurcation of the delinquency rates and what does that tell us about consumers?

Clearly, those consumers that have obtained credit cards at the smaller banks are in a heap of trouble and are falling behind at a historically high rate. But consumers that got their credit cards at the big banks – lured by 2% cash-back offers and other benefits that are being heavily promoted to consumers with top credit scores – do not feel the pain. A similarly disturbing trend is going on with auto loans. Seriously delinquent auto loans jumped to 4.94% of total auto loans and leases outstanding. This is higher than the delinquency rate in Q3 2010 amid the worst unemployment crisis since the Great Depression. On closer inspection, there was that bifurcation again; prime-rated loans had historically low delinquency rates; but a shocking 23% of all subprime loans were 90+ days delinquent.

Read more …

“I give the guy a break,” he added. “I give him a job. And then he turns on me. He’s just making things up.”

Trump Reportedly Calls John Bolton A ‘Traitor’ And Wants To Block His Book (G.)

John Bolton is “a traitor” and his book should not be published before the election in November, Donald Trump reportedly told aides and media figures. The president’s views on news of a book deal for Marie Yovanovitch, another key figure in the Ukraine scandal which led to Trump’s impeachment, were not immediately clear. Bolton, a former ambassador to the UN, was Trump’s third national security adviser until he was fired in September last year. He refused to testify in the House impeachment inquiry into Trump’s attempts to have Ukraine investigate his political rivals, which resulted in two articles of impeachment, concerning abuse of power and obstruction of Congress.

He offered to testify in the Senate but Republicans voted not to call witnesses during a trial which duly ended in Trump’s acquittal, despite leaks from Bolton’s book manuscript seeming to show he possessed key knowledge about the affair. The Room Where It Happened was slated for publication in March but it has been held up, the national security council telling Bolton’s lawyer it would “move forward as expeditiously as possible” with determining what could be published. On Friday night, the Washington Post cited two anonymous sources as saying Trump had told his own lawyers the book should not come out before the election.


Trump has attacked Bolton publicly on Twitter but the Post also reported notes of an off-the-record briefing of TV anchors on 4 February. “We’re going to try and block the publication of the book,” Trump reportedly said. “After I leave office, he can do this. But not in the White House. “I give the guy a break,” he added. “I give him a job. And then he turns on me. He’s just making things up.”

Read more …

CNN’s desperate attempt to attract a handful viewers still bores me to tears. Andrew Yang and Donald Trump know what’s wrong.

Trump: ‘Congrats Bernie…Don’t Let Them Take It Away From You!’ (SAC)

President Trump congratulated Bernie Sanders in his projected win in democratic primary in Nevada. As of Saturday evening, Sanders is leading with 53.84 percent of the vote in the Nevada caucuses. “Congratulations Bernie, & don’t let them take it away from you!” he added in a tweet. “Looks like Crazy Bernie is doing well in the Great State of Nevada,” Trump wrote. “Biden & the rest look weak, & no way Mini Mike can restart his campaign after the worst debate performance in the history of Presidential Debates.” Trump followed with another tweet, quoting Jon Scott of Fox News, on a report that showed Sanders having strong support from within the Kremlin. “The Kremlin is reportedly backing Bernie Sanders bid to win the White House.” Jon Scott @FoxNews,” the president wrote. “Why didn’t somebody tell me this?”

Read more …

 

 

 

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Feb 212020
 


Jack Delano Cafe at truck drivers’ service station on U.S. 1, Washington DC 1940

 

Coronavirus Kills Young Wuhan Doctor, 100s Infected In China’s Prisons (G.)
Whopping Rise In Infections At Beijing Hospital Puts Capital On Alert (GT)
South Korea Coronavirus Cases Jump To 156 (SCMP)
South Korea Designates Daegu, Cheongdo As ‘Special Care Zones’ (Yonhap)
Woman Returning From Iran 6th Case Of COVID19 in British Columbia (NP)
Australia Cruise Evacuees Test Positive Only After Arriving Home (G.)
China Says January-February Trade To Take Sharp Hit From Virus Outbreak (R.)
China Supply Chains Pummelled From All Sides (SCMP)
NYT Secret Sources Claim Russia Backing Trump Re-Election (ZH)
‘Disgusted’ Judge Jails Roger Stone (BBC)
Defense Lawyers Say They Will Seek French Asylum For Assange (AP)
Parts Of UK Have One Airbnb Listing For Every Four Properties (G.)

 

 

The virus has started spreading in places other than Wuhan and Hubei. Clusters are forming. It looks like a perfectly normal pattern.

Cases 76,790 (+ 1,033 from yesterday’s 75,757).

Yesterday’s increase was “only” 560

Deaths 2,247 (+ 117 from yesterday)

• Large increase in South Korea cases. Cities of Chengdo, Daegu under quarantine (“special care”)

• Large increase in cases in Chinese prisons (or did they start testing just now?)

• Positive case in British Columbia, visited only Iran

• Positive cases in Australia from cruise ship, confirmed only after arrival

 

 

From Worldometer:

 

 

A second graph from Worldometer:

 

 

 

 

Groups of people in close proximity. What’s the alternative in the case of prisons and hospitals?

Coronavirus Kills Young Wuhan Doctor, 100s Infected In China’s Prisons (G.)

A 29-year-old doctor in Wuhan has become the latest victim of the coronavirus as China reported infections in prisons in three provinces, as well as clusters in Beijing. Wuhan health authorities said Peng Yinhua, who worked in respiratory and critical care at Jiangxia district’s First People’s Hospital, had contracted the infection while working on the “front line”. Peng, who had been featured in state media previously for delaying his wedding to continue working, was admitted to hospital on 25 January. His condition dramatically worsened by 30 January, when he was sent to the Jinyintan hospital in Wuhan for emergency treatment. He died on Thursday at 9.50pm, according to a statement from his hospital.

[..] more than 500 cases have been confirmed in prisons across China. On Friday, Hubei province revised its number of newly confirmed cases to add 220 infections from the province’s prison system. Officials did not say when those infections took place but said that a total of 271 cases, of which 51 had already been counted, had been diagnosed. Of those, 230 were in Wuhan’s women’s prison. The head of the women’s prison has been dismissed. In Rencheng prison in the eastern province of Shandong, 200 prisoners and seven guards tested positive as of Thursday, after infections among correctional officers were first detected last week.

At Shilifeng prison in the southern province of Zhejiang, a total of 34 prisoners have been confirmed to have contracted the virus, including 27 new cases as of Thursday. According to state media, two prison officials have been fired over the incident in Shilifeng. In Shandong, seven prison officials as well as the party secretary for the province’s department of justice have been removed. Officials said 2,077 people in Rencheng prison had now been tested. Authorities said they were setting up a specialist hospital and sending inspection teams to other prisons and detention centres.

Meanwhile in Beijing, 36 people at Fuxing hospital have tested positive for the virus, prompting renewed anxiety about the virus as residents in the capital were slowly returning to work. The hospital had already been partly under lockdown after cases there were confirmed earlier this month. At another hospital, Peking University People’s Hospital, three people were confirmed to have contracted the virus, according to state media. The three patients are family members. One had been hospitalised for kidney problems and may have contracted the illness when her daughter and son-in-law, who had recently travelled to Xinjiang, visited her in hospital.

Read more …

Global Times is an “official” paper. So this is the news that’s allowed to spread.

Whopping Rise In Infections At Beijing Hospital Puts Capital On Alert (GT)

A central Beijing hospital reported 36 novel coronavirus cases as of Thursday, a sharp increase from nine cases from two weeks earlier, leading many to fear a potential explosion of infection numbers in the capital. Among the infected at Fuxing Hospital in Xicheng district were eight medical workers, nine cleaning staff and 19 patients along with their families, the Beijing government’s leading group for COVID-19 prevention and control work said at a press conference on Thursday. “Considering 36 confirmed cases were found in Fuxing Hospital, it is more about one case of multiple infections rather than an epidemic of the whole area,” Wang Guangfa, director of the department of respiratory and critical care medicine at Peking University First Hospital, told the Global Times on Thursday.

Another major hospital, Peking University People’s Hospital, on Thursday for the first time reported confirmed cases of infection. Three patients at the hospital were confirmed to have the novel coronavirus on February 17 and were sent to designated medical institutions for treatment, authorities at the press conference said. A total of 164 people including medical staff at Peo-ple’s Hospital who have had close contact with the patients have been put under close medical observation. The hospital also conducted coronavirus tests on 251 personnel and nine environments, and the results were all negative. The hospital has sterilized places that the patients may have touched, and hemodialysis rooms were sterilized when each shift was completed.


The three patients are from one family. Tian, a patient in the geriatrics department, had been hospitalized for six months for a kidney illness and had to undergo hemodialysis regularly. After her daughter and son-in-law came back from Xinjiang, they visited Tian separately. The couple became infected on February 17.

Read more …

Clusters ‘R’ Us. Cruise ships, prisons, hospitals, and cults.

South Korea Coronavirus Cases Jump To 156 (SCMP)

South Korea confirmed 52 more cases of novel coronavirus infection on Friday as the number of infections linked to a religious sect in Daegu spiked, making it the worst-infected country outside China. Thirty-nine of the new cases were linked to the Shincheonji Church of Jesus in the southern city of Daegu, the Korean Centres for Disease Control and Prevention (KCDC) said, taking the country’s overall figure to 156. More than 80 members of Shincheonji have now been infected, starting with a 61-year-old woman who developed a fever on February 10 but attended at least four church services before being diagnosed.


The mayor of Daegu – South Korea’s fourth-biggest city, with a population of over 2.5 million – has advised residents to stay indoors, while access to a major US base in the area has been restricted. Residents wore masks to go about their daily activities on Friday, but the streets remained active. Outside the Shincheonji church in the city, Seo Dong-min, 24, said: “With so many confirmed cases here I’m worried that Daegu will become the second Wuhan,” referring to the Chinese city where the virus first emerged. Shincheonji is often accused of being a cult and claims its founder, Lee Man-hee, has donned the mantle of Jesus Christ and will take 144,000 people with him to heaven on the day of judgment.

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There’s a new term in town. Quarantine sounds so negative, we’ll go for “Special Care” instead.

South Korea Designates Daegu, Cheongdo As ‘Special Care Zones’ (Yonhap)

South Korea designated the southeastern cities of Daegu and Cheongdo as “special care zones” over infectious disease Friday, as a cluster of new coronavirus cases has been reported there in recent days. Prime Minister Chung Sye-kyun vowed government efforts to take “strong and swift” measures to prevent further spread of the virus, calling the latest development an “emergency” situation. “The government will take special measures by declaring the Daegu and Cheongdo areas as special care zones as a sudden rise in confirmed cases was reported there,” Chung said at the start of a pan-government meeting over the virus.


The country confirmed its first death of a COVID-19 patient in Cheongdo on Thursday, with the total number of confirmed cases in the country surpassing 100 since its first outbreak on Jan. 20. Concerns about community spread have mounted as 70 new cases were reported this week in Daegu, the country’s fourth-largest city and home to 2.4 million people, and its surrounding North Gyeongsang Province. “It is urgent to find people who have contacted infected people and cure patients,” Chung said. He said the government is ready to “fully” support necessary resources, including sickbeds, health workers and equipment. The government has so far focused on curbing infections coming from outside the country. From now on, the government will further prioritize preventing the virus from spreading locally,” Chung said.

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She travelled only to Iran. Which announced its first cases yesterday. But how many are there really?

Woman Returning From Iran 6th Case Of COVID19 in British Columbia (NP)

A sixth case of the novel coronavirus has been diagnosed in British Columbia after a woman in her 30s returned to the province this week from travel in Iran. Provincial health officer Dr. Bonnie Henry said Thursday the woman’s presumptive case is relatively mild and a number of her close contacts have already been put in isolation. She said health officials are working on a detailed investigation of the woman’s travel and when her symptoms started to help determine if they need to notify those who travelled with her on the same aircraft. Henry said the woman lives in the Fraser Health region, which is located east of Vancouver.

“This one, clearly, is a bit unusual in that the travel to Iran is something new,” she told a news conference at the B.C. legislature. “Iran has recently started reporting cases and we’ll be working with our national and international colleagues to better understand where she may have been exposed to this virus prior to her return to Canada.” It is a presumptive case of the virus until positive test results come back from samples sent to the National Microbiology Lab in Winnipeg. Henry said the woman went to a local hospital concerned about influenza-like symptoms. She was examined and released, Henry added. “My understanding, from initial discussions with the clinician who saw her as well as the patient herself, was they did think it was influenza,” Henry said.


She said the woman’s novel coronavirus diagnosis was surprising, primarily because of her travel only to Iran. “That could be an indicator there’s more widespread transmission,” said Henry. “This is what we call an indicator or sentinel event. A sentinel event means it’s a marker that something many be going on broader than what we expect. She said B.C. has reported the case to the Public Health Agency of Canada and it will also be reported to the WHO. Henry said the diagnosis shows B.C. has a robust system for identifying people who have the virus. “We still believe the risk in Canada and here in B.C. is low,” she said.

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As I said: false negatives is the big story going forward. We need to know more about the tests. Are they all the same? Is there an international standard? The topic is far too vague so far.

Australia Cruise Evacuees Test Positive Only After Arriving Home (G.)

Two Australians evacuated from the coronavirus-stricken Diamond Princess cruise liner in Japan have tested positive to the disease in Darwin. The two, one young person and one elderly, remain well and are being housed in a separate isolation unit inside the Manigurr-ma village outside Darwin, Australia’s chief medical officer said Friday morning. Public health authorities from their home states were organising medical transfers for the patients and their partners. Australia’s chief medical officer, Prof Brendan Murphy, said all of the 164 Australian citizens and permanent residents evacuated from the Diamond Princess on Thursday, and flown to Darwin, were health screened before boarding the Qantas flight out of Japan. None of those allowed to board returned positive tests or displayed any symptoms of the disease.


The passengers were screened again when they landed in Darwin and six showed minor respiratory symptoms and fevers. They were isolated from others in the group. Four of those patients have returned negative tests. “Given there was continued evidence of spread of infection on board the Diamond Princess in recent days, the development of some positive cases after return to Australia is not unexpected, despite all of the health screening before departure.” Murphy said. “Fellow passengers and crew on the Qantas flight which returned people trapped on the Diamond Princess can be assured all measures were taken to ensure their protection.” Murphy said there was no public health risk from the new infections. “This development poses no risk to the broader community.”

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How about we call it zero percent?

China Says January-February Trade To Take Sharp Hit From Virus Outbreak (R.)

China’s exports and imports will fall sharply in January and February as the coronavirus outbreak severely disrupts activity in the world’s second-largest economy, the commerce ministry said on Friday, adding more measures are being studied to support companies. “The outbreak has posed severe challenges to China’s current foreign trade development,” Li Xingqian, director of the ministry’s foreign trade department, told a news conference that was held online. “We expect January-February import and export growth to decline sharply,” he said, citing delays in business reopenings and logistics issues in addition to seasonal holiday factors.

With transport restrictions still in place in many parts of the country to contain the spread of the virus, many companies are struggling to resume production due to a shortage of workers and raw materials, while others can’t get their finished products out. Parts shortages are starting to cascade through supply chains worldwide. China is the world’s largest exporter of goods, with shipments accounting for nearly 20% of China’s gross domestic product (GDP). Analysts forecast the supply and demand shocks from the crisis could cut first-quarter GDP growth by up to half from 6% in the previous quarter. The outbreak has also brought considerable pressure on the country’s services trade, especially in the tourism and transport sectors, said Xian Guoyi, director of the ministry’s department of trade in services and commercial services.


To cushion the impact on companies, the ministry is speeding up a study of new fiscal, tax, financial, insurance measures to further support companies with other government entities, said Chu Shijia, director of the ministry’s comprehensive department. He did not give details. The ministry expects foreign companies in most parts of the country to resume production by the end of February. It has advised 32 South Korean auto parts companies in eastern Shandong province to fully resume work before Feb. 15, said Zong Changqing, director of the ministry’s department for foreign investment.

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It’s the entire economy, not just supply chains.

China Supply Chains Pummelled From All Sides (SCMP)

Choked off from suppliers, workers, and logistics networks, China’s manufacturing base is facing a multitude of unprecedented challenges, as coronavirus containment efforts hamper factories’ efforts to reopen. Many of those that have been granted permission to resume operations face critical shortages of staff, with huge swathes of China still under lockdown and some local workers afraid to leave their homes. Others cannot access the materials needed to make their products, and even if they could, the shutdown of shops and marketplaces around China means demand has been sapped. Those who manage to assail the challenges, meanwhile, have found that trucking, shipping and freight services are thin on the ground, as China’s famed logistical machine also struggles to find workers and navigate provincial border checkpoints that have popped up across the country.

“It really is death by a thousand cuts,” said John Evans, managing director of Tractus Asia, a company that has 20 years’ experience helping firms move to China, but which over the past two has had more enquiries from businesses looking to leave. “This is a black swan event and I don’t think we’ve seen anything like it in recent history, in terms of the economic and supply chain impact in China and across the globe.” Australian company B&R Enclosures, which makes units for protecting industrial equipment, said the outbreak has cut it off from suppliers and delayed the return of its migrant workers from their hometowns, following the extended Lunar New Year break. Only 15 per cent have come back, B&R China general manager Marko Dimitrijevic said.


“All supply chains are having trouble, it’s very serious,” he said. “Even if we declare force majeure [to avoid paying hefty damages for late deliveries], we will not be delivering and that means many of us will risk losing our customers. For many companies, this could mean bankruptcy.” Dimitrijevic said he had to charter special buses to transport his workers from other parts of China back to Suzhou, a city west of Shanghai. When they returned, he had to book hotel rooms to house them for another 14 days in quarantine as their neighbours “will not let them go home”. He was paying about 350 yuan (US$50) in accommodation for each employee. [..] Based on the Baidu Migration Index, analysts at Nomura estimated that only 25.6 per cent of migrant workers had returned to work across 15 sample cities by February 19, compared to 101.3 per cent a year earlier.

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Is this America’s own virus, or is it just Groundhog Day? The damage done to the country by this entirely false narrative will take a very long time to heal.

And it’s cross-platform, everyone’s in on the delusion.

NYT Secret Sources Claim Russia Backing Trump Re-Election (ZH)

The New York Times would like everyone to know that if Trump is re-elected in November, it wasn’t because of his accomplishments, the economy, or packed stadiums full of dedicated supporters. Nope – Putin’s at it again! In an unbelievable Thursday report, the Times claims that five anonymous sources leaked the details of a Feb. 13 briefing to House Lawmakers by intelligence officials warning that Russia has already been interfering in the 2020 election. So – the Kremlin wants the president who, according to political analyst Ian Bremmer, has been tough on Russia – instead of, say, Bernie Sanders – the Democratic socialist who honeymooned in Moscow and would likely crash the US economy, thus weakening it, with his draconian socialist policies.

The Times report gets better; the House briefing reportedly angered President Trump so much that he berated outgoing director of national intelligence, Joseph Maguire, and that he was particularly irritated that Rep. Adam Schiff (D-CA) was included in the session. The report implies that Maguire was replaced with pro-Trump ambassador to Germany, Richard Grenell, as a result of the incident.

“During the briefing to the House Intelligence Committee, Mr. Trump’s allies challenged the conclusions, arguing that Mr. Trump has been tough on Russia and strengthened European security. Some intelligence officials viewed the briefing as a tactical error, saying that had the official who delivered the conclusion spoken less pointedly or left it out, they would have avoided angering the Republicans. That intelligence official, Shelby Pierson, is an aide to Mr. Maguire who has a reputation of delivering intelligence in somewhat blunt terms. The president announced on Wednesday that he was replacing Mr. Maguire with Richard Grenell, the ambassador to Germany and long an aggressively vocal Trump supporter”. -New York Times

Moments after the Times report was published, CNN immediately picked it up for their dozens of viewers.

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“US intelligence officials have concluded the messages were stolen by Russian hackers.”

It’s all based on a big fat lie. The lies Stone told about it vanish in comparison. He’s being used to keep a false narrative alive.

Is it normal for a judge to be “disgusted”, or is this just a way to avoid talking about what actually happened?

Also, she sentences him pending a new trial request. that she has to decide on?!

‘Disgusted’ Judge Jails Roger Stone (BBC)

A judge has expressed “disgust” at US President Donald Trump’s former adviser Roger Stone, as she sentenced him to 40 months in prison. Stone, 67, was found guilty in November on seven counts of lying to Congress, obstruction and witness tampering. The judge said Stone threatened her, but Mr Trump said he should be cleared. He is the sixth Trump aide convicted on charges linked to a justice department inquiry that found Russian attempts to boost Mr Trump’s 2016 campaign. Stone was found guilty of lying to the House Intelligence Committee about his attempts to contact Wikileaks, the website that released damaging emails about Mr Trump’s 2016 Democratic election rival Hillary Clinton. US intelligence officials have concluded the messages were stolen by Russian hackers.


Stone will serve two years’ probation after his custodial sentence. He has also been fined $20,000 and must serve 250 hours of community service. He will not have to report to prison until the judge rules on a pending defence appeal. Stone’s sentence fell short of an initial seven- to nine-year recommendation from prosecutors. Speaking in her Washington DC court on Thursday, Judge Amy Berman Jackson said Stone had engaged in “threatening and intimidating conduct” towards her. She said Stone “knew exactly what he was doing” when he posted an image on social media last year of a gun’s crosshairs next to her head.

Stone had claimed he thought the crosshairs were a Celtic cross. “This is intolerable to the rule of justice,” she said. “The court cannot just sit idly by and say ‘that’s just Roger being Roger.'” Judge Jackson also said Stone “was not prosecuted for standing up for the president, he was prosecuted for covering up for the president”. She continued: “The dismay and disgust at the defendant’s belligerence should transcend party.” “At his core, Mr Stone is an insecure person who craves and recklessly pursues attention.” She said the politics surrounding the case did not inform her ultimate decision. “The truth still exists. The truth still matters,” she said.

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Interesting twist. They must have had at least some communication with Paris before going public with this.

Defense Lawyers Say They Will Seek French Asylum For Assange (AP)

Julian Assange’s European defense team said Thursday it will try to seek asylum in France for the Wikileaks founder, whose full hearings for extradition to the United States on spying charges start next week in London. French team member Eric Dupont-Moretti said Assange’s case placed at stake “the fate and the status of all journalists. “We consider the situation is sufficiently serious that our duty is to talk about it” with French President Emmanuel Macron, the lawyer said. He was one of a team of lawyers lined up at a Paris news conference to explain why they view the case against Assange as unfair, citing his poor health and alleged violations of his rights while in jail in London.

French members of the team said they have been working on a “concrete demand” for Macron to grant Assange asylum in France, where he has children and where Wikileaks was present at its founding. “It is not an ordinary demand,” lawyer Antoine Vey said, noting that Assange is not on French soil. Baltasar Garzon, the Spanish coordinator of Assange’s team, reiterated his client’s plan to claim that the Trump administration offered him a pardon. The alleged condition was that Assange must agree to say that Russia was not involved in leaking Democratic National Committee emails during the 2016 U.S. election campaign. Garzon insisted that Assange was “pressured by the Trump administration” but resisted and “the order was given to demand the extradition of Julian Assange,” he said.


The White House has firmly denied the claim. However, Garzon said that both testimony and “documentary proof” of the claim will be offered to the court at the full hearing that opens Monday. [..] Assange, who is Australian, has received backing from numerous quarters. The council of Europe’s commissioner for human rights, Dunja Mijatovic, added a voice of opposition Thursday, citing both concerns over Assange’s eventual treatment in a U.S. prison and the impact on press freedoms were he to be extradited. “I think this is one of the most important and significant political trials of this generation, in fact longer,’ senior Labour Party official John McDonnell said in London. The father of Assange, an Australian, insisted at the Paris news conference that his son was not a criminal. “I can’t for the life of me understand why he’s still in prison,” said John Shipton.

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Airbnb kills cities and communities. And we just let them. Homes are for people to live in. Any other us comes far far behind that.

Parts Of UK Have One Airbnb Listing For Every Four Properties (G.)

Airbnb has become so prevalent in Great Britain that some parts of the country now have one listing for every four properties, prompting concern that the rapid expansion in short-term lets is “out of control” and depriving communities of much-needed homes. Exclusive analysis by the Guardian identified Airbnb hotspots in both rural areas and inner-city neighbourhoods, where the ratio of active Airbnb listings to homes was more than 20 times higher than the average across England, Scotland and Wales. The highest incidence of Airbnbs was in Edinburgh Old Town, where there were 29 active listings for every 100 properties.


The north-west of Skye had the second-highest concentration, at 25 listings per 100 properties, including a seafront bothy (£50 a night), a modern cottage clad in corrugated tin (£190) and an isolated cottage with ocean and mountain views (£160). In England, the area with the highest rate of Airbnb lets was Woolacombe, Georgeham and Croyde, in Devon, with 23 listings for every 100 properties. In one area of the Lake District: Windermere North, Ambleside and Langdales, there were 19 listings per 100 properties. Local MP Tim Farron described the growth of Airbnb in an area already dominated by second home owners as “a really disturbing issue”.

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If you read us, please support us. It’s the only way the Automatic Earth can survive. Donate on Paypal and Patreon.

 

Feb 202020
 


NPC Newsstand with Out-of-Town Papers, Washington DC 1925

 

2 Diamond Princess Passengers Die, Countries Rush To Evacuate Citizens (RT)
Two Coronavirus Patients From Diamond Princess Cruise Ship In Japan Die (SCMP)
New Coronavirus Spreads More Like Flu Than SARS (R.)
First Batch Of Diamond Princess Passengers Arrive In Hong Kong (R.)
Cruise Passengers Relieved To Be Ashore But Stranded In Cambodia (G.)
South Korea Reports 31 New Cases Of Coronavirus (SCMP)
Virus-Hit China Limps Back To Work (R.)
Trump ‘Offered Julian Assange A Pardon If He Denied Russia Link To Hack’ (G.)
Did Trump Offer Assange A Pardon? (ZH)
German Politicians And Professionals Demand Release Of Julian Assange (WSWS)
Roger Stone To Be Sentenced By Judge He Antagonized (R.)
Greece Labels Erdogan A Liar (K.)
Bolton Says His Impeachment Testimony Would Not Have Changed Outcome (NBC)
Russia Becomes A Safe Haven In An Increasingly Turbulent World (BNE)

 

 

Cases 75,757 (+ 560 from yesterday’s 75,197).

Number seems low because China used their accounting again (h/t ZH):

 

China’s National Health Commission may report – as soon as this evening – the first official drop in new cases since the pandemic started. Why does this matter? Because that is now the catalyst everyone is waiting for to pounce and declare that the epidemic is effectively over, even if of course isn’t.


But since for China it is no longer an option to not have people go to work, the Chinese Communist Party will take its chances with another major breakout in coronavirus, or rather pneumonia, which is how all the thousands of new “mystery” deaths will be tagged by the friendly Chinese coroner, who will be instructed to never use the word coronavirus again and instead attributed covid-19 fatalities to far more mundane causes such as pneumonia, and ordinary flu.

 

Deaths 2,130 (+ 120 from yesterday)

• First death among Diamond Princess passengers, first cases in Iran

 

 

I’ll go use these numbers from Worldometer as well:

 

 

 

 

“..as the number of those infected soared to over 620 people, Japanese authorities allowed some 600 passengers to leave the ship on Wednesday ..”

2 Diamond Princess Passengers Die, Countries Rush To Evacuate Citizens (RT)

An elderly couple aboard Diamond Princess cruise ship docked in Japan, where over 620 cases of coronavirus were confirmed, has succumbed to the illness. The fatalities come as Tokyo allows hundreds of passengers to return home. Both passengers were in their 80s, according to public broadcaster NHK, and are the first on board the ship to die of the virus, which has spread to more than 75,000 people and killed over 2,100 worldwide since last December. So far, the majority of fatalities have involved elderly patients with preexisting conditions. The ship was initially quarantined on February 3 with around 3,700 people aboard, and has since turned into the largest disease hotspot outside China.

After more than two weeks in isolation, as the number of those infected soared to over 620 people, Japanese authorities allowed some 600 passengers to leave the ship on Wednesday and board flights back home, with several hundred more expected to disembark the following day. So far, the US has evacuated some 328 American citizens from the vessel on two chartered flights, 14 of whom were confirmed to carry the virus just as they were heading to the airport. They were isolated from the others on board the plane and remain in quarantine in the US.

Over 150 Australian passengers were allowed to return home – where they face another two-week observation period – while several Hong Kongers also disembarked. Canada, Britain and Indonesia are slated to carry out similar evacuations for citizens aboard the ill-fated cruise liner in the coming days. More than 130 Indian crew members will be the last to depart the ship, forced to endure another two weeks on board before facing yet another 14-day quarantine at home.

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“Americans flown back will have to complete another 14 days quarantine, as will returning Hong Kong residents. Disembarked Japanese passengers, however, face no such restrictions..”

Two Coronavirus Patients From Diamond Princess Cruise Ship In Japan Die (SCMP)

Two passengers from a coronavirus-hit cruise ship moored near Tokyo have died, public broadcaster NHK said on Thursday, as a second group of passengers began disembarking after two-weeks quarantined on-board. More than 620 of the passengers on the Diamond Princess liner have been infected on the ship, which has been quarantined since February 3, initially with about 3,700 people on board. NHK, citing a government source, said the passengers were a man and woman in their 80s. Both had underlying conditions and had been taken off the ship on February 11 and 12 before being treated in hospital, NHK said. The rapid spread of the disease – Japan has well over half of the known cases outside China – has sparked criticism of authorities just months before Tokyo is due to host the Summer Olympics.

Health Minister Katsunobu Kato on Thursday defended Japan’s response in parliament, telling lawmakers that officials have taken expert advice and responded to issues on a daily basis. In a move to reassure the public, the health ministry also issued a statement in both English and Japanese that said all passengers had been required to stay in their cabins since February 5 to contain the virus. [..] About 500 passengers were set to disembark on Thursday while another 100 people were to leave for chartered flights home, a health ministry official said. An initial batch of passengers who had tested negative and shown no symptoms left the vessel on Wednesday.

Those who have shared a room with people testing positive were required to remain in quarantine, as were crew. The ministry could not confirm how many people remained on board, or when disembarkation would be complete. More than 150 Australian passengers arrived home after a predawn departure from Tokyo’s Haneda airport. They face another 14-day quarantine. Some Hong Kong passengers also went home, while Canadians were due to leave on a charter flight in the early hours of Friday, Tokyo time, a Canadian government spokeswoman said. An evacuation flight was also being arranged for British nationals to leave Tokyo on Friday.

Earlier in the week, the United States evacuated more than 300 nationals on two chartered flights. A State Department official said there were still about 45 US citizens on board the cruise ship as of Thursday. Americans flown back will have to complete another 14 days quarantine, as will returning Hong Kong residents. Disembarked Japanese passengers, however, face no such restrictions, a decision that has sparked concern.

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Transmissibility.

New Coronavirus Spreads More Like Flu Than SARS (R.)

Scientists in China who studied nose and throat swabs from 18 patients infected with the new coronavirus say it behaves much more like influenza than other closely related viruses, suggesting it may spread even more easily than previously believed. In at least in one case, the virus was present even though the patient had no symptoms, confirming concerns that asymptomatic patients could also spread the disease. Although preliminary, the findings published on Wednesday in the New England Journal of Medicine, offer new evidence that this novel coronavirus, which has killed more than 2,000 people mostly in China, is not like its closely-related coronavirus cousins.

“If confirmed, this is very important,” said Dr. Gregory Poland, a virologist and vaccine researcher with the Mayo Clinic in Rochester, Minnesota, who was not involved with the study. Unlike Severe Acute Respiratory Syndrome (SARS), which causes infections deep in the lower respiratory tract that can result in pneumonia, COVID-19 appears to inhabit both the upper and lower respiratory tracts. That would make it not only capable of causing severe pneumonia, but of spreading easily like flu or the common cold. Researchers in Guangdong province monitored the amount of coronavirus in the 18 patients. One of them, who had moderate levels of the virus in their nose and throat, never had any disease symptoms.

Among the 17 symptomatic patients, the team found levels of the virus increased soon after symptoms first appeared, with higher amounts of virus present in the nose than in the throats, a pattern more similar to influenza than SARS. The level of virus in the asymptomatic patient was similar to what was present in patients with symptoms, such as fever. “What this says is clearly this virus can be shed out of the upper respiratory tract and that people are shedding it asymptomatically,” Poland said. [..] “This virus is clearly much more capable of spreading between humans than any other novel coronavirus we’ve ever seen. This is more akin to the spread of flu,” said Andersen, who was not involved with the study.

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Yet another new name for the virus is spreading: SARS-CoV-2.

First Batch Of Diamond Princess Passengers Arrive In Hong Kong (R.)

More than 100 Hong Kong residents who were quarantined on the Diamond Princess cruise in Japan for over two weeks landed on Thursday morning in the Asian financial hub, where they will face a further 14 days of quarantine. Arriving on a chartered Cathay Pacific aircraft, the 106 passengers were part of a first batch of at least two government arranged flights to bring back hundreds of remaining citizens. Authorities said 55 of the 364 Hong Kong residents on the ship were infected with the coronavirus. They will remain in Japan along with 33 other citizens who have been in close contact with them.


The British-flagged Diamond Princess arrived in Yokohama, near Tokyo, on Feb 3. with about 3,700 people onboard after the virus was diagnosed in a man who disembarked last month in Hong Kong. Over 600 passengers have tested positive for the virus, SARS-CoV-2, so far. Passengers began disembarking on Wednesday from the ship, which is operated by Carnival Corp. The process will be finished by Friday, Japanese public broadcaster NHK said. Passengers arriving in Hong Kong are being taken straight into quarantine at a new public housing estate in the city’s New Territories region.

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The Westerdam had 2,257 people, 1,455 passengers and 802 crew aboard. There are now 255 passengers and 747 crew. 1,200 potentially infected people have spread all over the globe. Countries are now “scrambling” to find them.

Cruise Passengers Relieved To Be Ashore But Stranded In Cambodia (G.)

The MS Westerdam arrived in Cambodia on 13 February, after repeatedly being denied entry to other ports. But the thrill of the moment, has now evaporated for those still facing a logistical nightmare. Travel options – already limited by the number of airlines serving Cambodia – have been narrowed by a growing list of countries denying entry to passengers from the ship. “We showed up in a city unexpected and there’s only so many flights a night and we have a lot of people we’re trying to funnel through that system and we’re putting a lot of stress on that system,” said Orlando Ashford, president of the Holland America Line, which operates the Westerdam. “It’s a math problem: how many people do you have? How many seats do you have?”

Thailand, Singapore, Malaysia and Taiwan are among those refusing to allow passengers in, making flying to Europe and the Americas difficult. Some airlines, such as Emirates, make a stop in Bangkok before proceeding to hubs such as Dubai, further limiting available flights. Still, Ashford expressed hope that remaining passengers would be on their way home “in a couple of days”. The Westerdam, with 2,257 passengers and crew aboard, began letting passengers off on Friday as they found flights home. But that was stopped once news broke that an 83-year-old American woman who had been on the ship and subsequently traveled to Malaysia was found to be carrying the virus. Some 255 passengers and 747 crew members were held on the ship while further testing was conducted.

Cambodia’s ministry of health said on Wednesday that all the tests came back negative and that all passengers were reported to be healthy and fever-free. After that, remaining passengers were allowed off the ship. Tony Martin-Vegue, whose wife, Christina Kerby, remains in Phnom Penh, began immediately preparing for her return home to California’s Bay Area once she got off the ship. Now he’s not sure when that might happen. “It’s kind of limbo right now,” he said. “I’m worried about how she’s going to get home.”

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Yesterday 20, now 31. 90 people at a temple service show symptoms.

South Korea Reports 31 New Cases Of Coronavirus (SCMP)

The mayor of a South Korean city at the centre of a new coronavirus outbreak told residents to stay indoors on Thursday as a surge in confirmed cases linked to a local church raised the prospect of wider transmission. Malls, restaurants and streets in Daegu, the country’s fourth largest city with a population of 2.5 million, were largely empty in scenes that local social media users likened to a disaster movie. “We are in an unprecedented crisis,” Daegu Mayor Kwon Young-jin said at a briefing in the city, about 240km (miles) southwest of the capital Seoul, as he warned of likely further cases. Korea’s Centres for Disease Control and Prevention (KCDC) reported 31 new cases of the virus on Thursday, following 20 a day earlier, taking the total across the country to 82.


Of that national tally, 49 patients are from Daegu or nearby and have been traced to an infected person who attended a local church, a scenario that KCDC described as a “super-spreading event”. Kwon cautioned that at least 90 more of the around 1,000 other people who attended services at the Temple of the Tabernacle of the Testimony were also showing symptoms. [..] The cases previously reported in South Korea had mostly involved people who had travelled individually to China or come in contact with somebody who had. Daegu authorities ordered the shutdown of all kindergartens, while schools considered postponing the beginning of the spring semester scheduled for early March The Defence Ministry banned troops stationed in Daegu from leaving their barracks and receiving guests.

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Breaking the -supply- chains.

Virus-Hit China Limps Back To Work (R.)

The Chinese manufacturing engine that powers much of the world economy is struggling to restart after an extended Lunar New Year break, hindered by travel and quarantine restrictions imposed to curb the coronavirus epidemic and still in place in many parts of the country. Case in point: in the southern China manufacturing hub of Dongguan, a factory that makes vaporizers and other products had just half of its workforce of 40 last week and was struggling to function without key personnel. “The quality inspectors, they’re all out,” said Renaud Anjoran, who runs the factory. “One is stuck in Hubei, the other is in an area with no transportation open.” Anjoran said other Dongguan manufacturers were also scrambling with half their normal staff levels, with some having even less than that.

The problems are exacerbating pain inflicted by loss of business from the U.S.-China trade war and present huge logistical challenges as companies, many dependent on migrant workers, grapple with a myriad of restrictions that differ by province, city and local district. Apple on Monday rescinded a quarterly sales target made just weeks ago, saying the ramp up of factories in China was slower than anticipated. Hyundai and Nissan have had to suspend some production – not just in China but also at home – for lack of parts. Some smaller firms, particularly in Southeast Asia and reliant on supplies from China, are having to make tough decisions. Taiwan’s Sica New Materials abruptly shut its factory in Thailand at the end of January, laying off about 350 workers.

“They couldn’t produce because raw materials weren’t being sent from China,” said Pairote Panthakarn from the government’s welfare and labor protection office in Kanchanaburi province, where the factory is located. Sica New Materials did not respond to a request for comment. Sinoproud Cambodia Garments, whose customers include fashion retailer Zara’s parent Inditex, told Reuters it may scale back production as stocks of fabric were getting low. “We hope we get the product in March and if we don’t get the product in March, we might just have to cut back and put the workers on half pay,” said general manager Tu Ailan. Nearly half of 109 U.S. companies responding to a poll by Shanghai’s American Chamber of Commerce said plant shutdowns have already had an impact on their supply chains, while almost all of the remainder expect an impact within the next month.

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WikiLeaks says on Twitter that there’s much more where this came from.

Julian Assange has always said Russia was not behind the leaked mails, and said they were not hacked, but leaked.. But that was not convenient. And now he’s locked up.

In early 2017, Assange negotiated with Congressmembers (?!) about providing proof Russia was not involved. James Comey shut that down.

Mollie Hemingway on Twitter: “Not only have the media not had a proper reckoning for their deceitful years-long push of the dangerous and false Russia collusion conspiracy theory, THEY ARE STILL DOING IT AS LATE AS TODAY. This propaganda is dangerous to domestic and national security and must stop.”

Trump ‘Offered Julian Assange A Pardon If He Denied Russia Link To Hack’ (G.)

Donald Trump offered Julian Assange a pardon if he would say Russia was not involved in leaking Democratic party emails, a court in London has been told. The extraordinary claim was made at Westminster magistrates court before the opening next week of Assange’s legal battle to block attempts to extradite him to the US, where he faces charges for publishing hacked documents. The allegation was denied by the former Republican congressman named by the Assange legal team as a key witness. Assange’s lawyers alleged that during a visit to London in August 2017, congressman Dana Rohrabacher told the WikiLeaks founder that “on instructions from the president, he was offering a pardon or some other way out, if Mr Assange … said Russia had nothing to do with the DNC [Democratic National Committee] leaks.”


A few hours later, however, Rohrabacher denied the claim, saying he had made the proposal on his own initiative, and that the White House had not endorsed it. “At no time did I talk to President Trump about Julian Assange,” the former congressman wrote on his personal blog. “Likewise, I was not directed by Trump or anyone else connected with him to meet with Julian Assange. I was on my own fact finding mission at personal expense to find out information I thought was important to our country. “At no time did I offer Julian Assange anything from the president because I had not spoken with the president about this issue at all. However, when speaking with Julian Assange, I told him that if he could provide me information and evidence about who actually gave him the DNC emails, I would then call on President Trump to pardon him,” Rohrabacher added. “At no time did I offer a deal made by the president, nor did I say I was representing the president.”

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Zero Hedge appears to be confused here when they say According to Assange’s lawyer, Rohrabacher, it was him that informed Gen. Kelly..”

It wasn’t Assange’s lawyer, it was Rohrabacher (they are not the same person) who “said it was him that informed Gen. Kelly that “Assange would provide information about the purloined DNC emails in exchange for a pardon..” It should read: “According to Assange’s lawyer, Rohrabacher said it was him that informed Gen. Kelly..”

So their headline “Assange’s Lawyer Flip-Flops – Admits He Offered Russia Exoneration Quid Pro Quo, White House Ignored” doesn’t seem to make sense.

Did Trump Offer Assange A Pardon? (ZH)

Update: The story appears to have changed dramatically. According to Assange’s lawyer, Rohrabacher said it was him that informed Gen. Kelly that “Assange would provide information about the purloined DNC emails in exchange for a pardon,” but never heard back from the White House. It was Assange’s lawyer (not Assange) that offered a quid prod quo to expose the truth that Russia did not hack the DNC emails (none of which has been proven) in exchange for a pardon… but The White House never responded. [..] Attorneys for Julian Assange told a London court on Wednesday that they will provide evidence that the Trump administration offered to pardon the WikiLeaks founder if he was willing to say that Russia had nothing to do with leaks of Democratic Party emails, according to Bloomberg.

During the preliminary extradition hearing, Assange’s lawyers said that former GOP congressman Dana Rohrahbacher offered the deal in 2017, one year after WikiLeaks published emails which were damaging to then-presidential candidate Hillary Clinton. At the time, the FBI’s ‘Russiagate’ investigation was in full swing as the agency tried in vein to prove that Trump colluded with Russia to win the 2016 US election.

“At a preliminary hearing Wednesday, Assange’s lawyer Edward Fitzgerald asked the court to allow more witness statements during the extradition hearing that will start next week. The new information includes a witness statement by Jen Robinson, another of Assange’s lawyers, that deals with the alleged offer made by then U.S. Representative. Dana Rohrabacher, he told the court. The witness statement will address “Mr. Rohrabacher going to see Mr. Assange, and saying on instructions of the president, offering pardon or some other way out if Mr. Assange played ball and said the Russians had nothing to do with” the leaks, Fitzgerald said.” -Bloomberg

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Where were they the past few years?

German Politicians And Professionals Demand Release Of Julian Assange (WSWS)

German-speaking politicians, cultural workers and journalists have published a joint appeal, “Release Julian Assange from prison,” which supports the demand “for the immediate release of Julian Assange, on medical grounds as well on the basis of the rule of law.” The 130 initial signatories have now been joined by 22,000 other supporters. The appeal expresses “great concern for the life of the journalist and founder of Wikileaks” and quotes the findings of the United Nations Special Rapporteur on Torture, Nils Melzer, saying, Assange showed “all the symptoms typical of victims of prolonged psychological torture.” The appeal also refers to the open letter from more than 60 medical doctors, who demand “Assange be transferred to a university hospital, as his state of health is now considered life-threatening.”


“It is obvious that Julian Assange cannot recuperate under the current conditions of detention, nor can he prepare for his extradition proceedings, which are scheduled to begin on February 24, 2020,” the appeal says. “Both constitute serious violations of fundamental principles of human rights and the rule of law, making a fair trial impossible and exposing Julian Assange to considerable suffering and health risks.” The appeal goes on to say, “We remind the German media that Assange is one of their own and that the defence of press freedom is a fundamental tenet of democracy. Notwithstanding the allegations levelled against Assange, we urge the United Kingdom, on the human rights and medical grounds outlined above, to release Julian Assange from custody immediately so that he can recover under expert medical supervision and exercise his fundamental rights without hindrance. We also call on the German Government to make representations to the British Government to this effect.”

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He’ll either get a new court case or be pardoned.

Roger Stone To Be Sentenced By Judge He Antagonized (R.)

Since his January 2019 arrest, President Donald Trump’s longtime adviser Roger Stone has repeatedly tested the patience of the federal judge who presided over his trial. On Thursday, that judge will tell the self-described “dirty trickster” how long he will serve in prison. U.S. District Court Judge Amy Berman Jackson is scheduled to sentence Stone, a veteran Republican operative whose friendship with Trump dates back decades, after a 12-member jury in November found him guilty on all seven counts of lying to Congress, obstruction and witness tampering. The judge on Tuesday rejected Stone’s bid to delay the sentencing.

The high-profile case has taken on additional importance since Trump last week blasted the federal prosecutors who won Stone’s conviction as “corrupt” after they recommended to the judge a prison sentence of seven to nine years. Attorney General William Barr, appointed last year by Trump as the top U.S. law enforcement official, swiftly intervened and the Justice Department withdrew the recommendation as “excessive,” with all four prosecutors then quitting the case. The Republican president thanked Barr for “taking charge” of the Stone matter, though Barr rebuked Trump for tweeting about the case. Congressional Democrats have accused Trump and Barr of politicizing the U.S. criminal justice system and threatening the rule of law.

Stone has repeatedly pushed the boundaries set by Jackson since his arrest in a dramatic pre-dawn FBI raid on his Florida home. Stone violated the judge’s orders not to talk about the case or post on social media, and she accused him of “middle school” behavior. At one point, Stone posted an image of Jackson on Instagram with what looked like the crosshairs of a gun over her head. “His antics are definitely an aggravating factor, and he can expect a longer sentence than he otherwise would have received,” said Mark Allenbaugh, a co-founder of Sentencing Stats, LLC who previously worked for the U.S. Sentencing Commission that sets federal sentencing guidelines.

[..] Stone, 67, was convicted of lying under oath to U.S. lawmakers about his outreach to WikiLeaks – the website that disclosed many hacked Democratic emails ahead of the 2016 election that proved embarrassing to Trump’s Democratic opponent Hillary Clinton – to protect Trump from looking bad. Mueller’s investigation concluded the emails were hacked by Russia. Stone sought to cast doubt on Moscow’s role.

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Erdogan has a wild plan to destroy the Treaty of Lausanne, and now out of nowhere tells his party that Greece has agreed with that plan. It didn’t and never will.

Greece Labels Erdogan A Liar (K.)

Greece vehemently dismissed the claim by Turkish President Recep Tayyip Erdogan that it has accepted the status quo Turkey wants in the Eastern Mediterranean, saying that not only it has not done so, but it has, along with the international community, condemned Turkey’s illegal moves in the region. “As we have repeatedly stressed, illegal actions produce no legal effect,” said Greek Foreign Ministry spokesman Alexandros Gennimatas, who denounced “moves that continue to undermine regional peace and security, creating, among other things, pretexts for the violation of the arms embargo in Libya and for the attempt to usurp the sovereign rights of countries in the region.” ”Unfortunately, in this, too, Turkey continues to be a minority of one,” he said.


Erdogan said earlier Wednesday that Ankara’s resolute stance has led “the rest of the countries in the region, but mainly Greece,” to accept the status quo that Turkey wants in the Eastern Mediterranean. He also stressed that Europeans have no jurisdiction in the region. Moreover, he announced that Turkey has purchased its third offshore drilling ship which will arrive in Turkey next month and begin drilling in 2020, without specifying the location. Speaking to the ruling AKP’s parliamentary group, he stressed that the new drilling rig could reach a depth of 11,400 meters. Meanwhile, the third day on Wednesday of contacts in Athens between Greek and Turkish delegations on confidence building measures coincided with 39 airspace violations over the Aegean Sea by Turkish fighter jets.

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“Per the audio obtained, Bolton says the House committed “malpractice” and “made a mess” of the impeachment inquiry, calling it “grossly partisan.”

Bolton Says His Impeachment Testimony Would Not Have Changed Outcome (NBC)

Former national security adviser John Bolton said Wednesday he was surprised that Senate Republicans rejected his offer to testify in President Donald Trump’s impeachment trial. But he said that even if he had testified, it wouldn’t have changed the outcome of the trial because of how House Democrats handled their investigation. “I think the House committed impeachment malpractice,” Bolton said at an event at Vanderbilt University with Susan Rice, who was national security adviser during the administration of former President Barack Obama. “The process drove Republicans who might have voted for impeachment away” because “it was so partisan,” he said. But, he added, “my testimony would have made no difference to the ultimate outcome.”

All but one Senate Republican voted to acquit Trump of abusing the power of his office by pressuring Ukraine to investigate a political opponent. Rice challenged Bolton repeatedly over his decision not to testify in the House or publicly discuss what he knows about the president’s Ukraine pressure campaign, particularly as officials who worked for him on the National Security Council have done so and have since endured Trump’s wrath. [..] Bolton noted that he offered to testify in the Senate trial and that the House didn’t subpoena him after Democrats learned that he would seek a court ruling because the White House had told him not to testify. He wouldn’t speculate about testifying before the House now if he is subpoenaed, because, he said, his lawyer has advised him not to take a position during a national security review by the White House of his book on his time as national security adviser.

Bolton also tried to deflect growing criticism that he isn’t speaking out because he’s simply out to sell his book about his 17 months in the Trump White House. He said he couldn’t speak out now because his book — “The Room Where it Happened”— is still undergoing a prepublication national security review and he believes Trump would have his administration sue him if he discussed its contents before that’s complete. “I’m not out here flacking for it,” he said. “I believe I wrote a book that does not contain any classified information. The staff reviewing it says it does.

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The benefits of sanctions.

Russia Becomes A Safe Haven In An Increasingly Turbulent World (BNE)

A year ago the main concern of international investors looking at Russia was uncertainty due to its geopolitical showdown with the West. A year on and global economic uncertainty is the main worry, not geopolitics. Russia is now seen by an increasing number of investors as a safe haven in an increasingly turbulent and unpredictable world. “Russia has seen a sharp change from the dominating attitudes from just a year ago: global uncertainty, not geopolitics, now seems the key risk factor. Russia is now seen as a “safe haven,” helped by reserves and sound macroeconomic policies. Low valuations are overtaking high dividend payments in importance and the new Russian government with Putin’s spending initiatives have been taken positively,” BSC Global Markets chief economist Vladimir Tikhomirov said in a note.

The majority of investors are already overweight Russian equities: 59% of dedicated funds are overweight, 33% are even weight and the remainder underweight. Russian President Vladimir Putin has spent the last few years constructing a “fiscal fortress” of record high gross international reserves (GIR) that have now surpassed the pre-crisis peak and are approaching $600bn. At the same time, the budget has been overhauled and the break-even price of oil for the budget to balance has tumbled from $115 in the boom years to around $40 now – well below the average oil prices of the last few years. Under Prime Minister Mikhail Mishustin, when he ran the tax office, the tax take grew by 20% despite the tax burden only rising by 2pp. And both external and public debt are now covered dollar for dollar with cash.

In short, Russia has probably the best macro fundamentals of any major country in the world. All this has not been lost on bond investors, who have piled into the market and now own about a third of all the Russian Ministry of Finance ruble-denominated OFZ treasury bills – the ministry’s main source of financing the budget. But last year the increasingly good story spilled over into the equity markets. Russia’s dollar-denominated Russia Trading System (RTS) index returned just under 50%, making it on of the top three performing equity markets in the world. This year got off to a very strong start with the market up 10% in the first two weeks, but the coronavirus epidemic in China took the wind out of its sails and the market is currently flat YTD, with the notable exception of the utilities sector, which is up a whopping 16% YTD.

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I have nothing against Warren. But politics sold in the same way as American Idol, and therefore ultimately in the same way as detergent, is very creepy.

 

 

 

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Feb 142020
 
 February 14, 2020  Posted by at 10:58 am Finance Tagged with: , , , , , , , , , , , ,  24 Responses »


Alfred Palmer Halftrack scout car brought up to Army standards of smartness. White Motor Company, Cleveland Dec 1941

 

Beijing Lowers Coronavirus Deaths By 108 Due To “Double Counting” (ZH)
Singapore’s Biggest Daily Jump In New Coronavirus Cases Takes Tally To 58 (R.)
Foxconn Denies Reuters Reports On Factory Restart In China (ZH)
WHO Advisor Says Coronavirus May Infect Over 5 Billion People (ZH)
Senate Passes Iran War Powers Resolution Despite Trump’s Opposition (CNN)
Barr Says Trump Tweets About DOJ Cases Make It ‘Impossible To Do My Job’ (CNN)
Foreperson On Roger Stone Jury Revealed As Anti-Trump Activist (DM)
Judge Napolitano: Roger Stone Should Get New Trial (Fox)
Senate Attacks Judy Shelton For Sin Of Being Outside The Mainstream (Mises)
Why Is Bloomberg’s Long History of Egregious Sexism Getting a Pass? (GQ)
Irish MEP Calls Venezuela’s Guaido ‘Unelected Gobshite’ In EU Parliament (RT)
UK Tells 100-Year-Old Man His Parents Must Sign For Settled Status (Ind.)

 

 

I noticed late last night my time that the COVID19 death tally went from an initial 1486 all the way back to 1380. Found that very curious, thought it was an error. But woke up this morning to find they really did it. As Tyler put it at the time: “Hubei province reports 116 new coronavirus deaths and 4,823 cases, bringing the overall official count to 1,486 deaths and 65,213 confirmed. China must feel its credibility is completely shot by now, or they’d be much more careful.

As I wrote this, the numbers are (from various sources, fluid):

• Cases: 64,443 (from yesterday’s 60,108)

• Deaths: 1,383 (from yesterday’s 1,363)

• Suspected cases 10,109

• In serious/critical condition 10,227

• Recovered 6,801

• Health workers infected 1716

• Hubei deducted 1,043 older cases and 108 deaths due to double counting

• 267 new cases and 5 new deaths outside Hubei province

• First death in Japan, 15th case in US

 

 

 

 

The “double-counted” deaths can’t have anything to do with the new accounting measures that lifted the numbers of cases yesterday. So what happened? No explanation. Something Beijing cannot afford.

Beijing Lowers Coronavirus Deaths By 108 Due To “Double Counting” (ZH)

..while China “can now claim it wants to be more transparent (which is odd for a nation that is still refusing to admit the US CDC on the ground) and wants a more comprehensive definition of “infection” because it is suddenly so concerned about all those people it ordered to go back to work on Monday, it somehow also changed the definition of “death”, because at the same time as the explosion in new cases, which clearly indicates that the pandemic is now clearly out of control, the number of reported deaths in Hubei alone spiked by 242 to 1,310.”

One day later China appears to have realized just how flagrant this “mistake” – which exposed the lie which Chinese officials had used until now to avoid a panic, and reset the infection count to a sharply higher number – was, because even as Hubei reported an additional 4,823 cases as of Thursday (and the Chinese National Health Commission said this number was up 5,090 for all of China), there was some major confusion about what the actual number of deaths was. Here’s why. In its official daily update on the coronavirus epidemic on Thursday, Feb 13 – the day of the great surge in infections and deaths – the NHC reported that across all of China, there was an increase of 242 death cases in China, of which 216 in Wuhan to 1,367..

… which is bizarre, because one day later, in its latest update from Friday, Feb 14, the NHC said that while the number of deaths – which as of Thursday recall were 1,367 (see above) – increased by 121, the total number of declared deaths across China was just 1,380. In other words, somehow the jump from 1,367 deaths to 1,380 was an increase of 121 deaths!? But don’t take our word for it: here is JPMorgan’s official count of all related data as of this morning, showing that indeed, as of Feb 13 (so for Feb 12), there was a total of 1,367 deaths reported by the National Health Commission.

Is this just pro-forma, adjusted death math with Chinese characteristics? As it turns out no, because recall that while China may have reset the number of new cases sharply higher, it certainly did not mean to also send the number of deaths surging, as it would means that this had nothing to do with a change in the definition of infection, and everything to do with undercounting the number of infected and dead. So what did Beijing do?


Well, as the NHC “explained” in its Friday statement, that 242 increase in deaths officially reported on Thursday somehow also included 108 deaths that were “double counted.” There was no explanation how or why it was possible to “double count” a death. Which of course, it isn’t and what really happened is that China, having realized its glaring mistake which prompted us to mock its “data” yesterday, had to quickly cut by roughly half the surge in Thursday deaths to make the progression in the number of new deaths “smooth.” And sure enough, this is what the revised death chart looks like after the “double counting” revision: compare the chart up top of the number in new deaths before today’s “revision”, with what the death number looks like now, after the latest “data.”

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The sign suggests wearing a mask only when you’re already sick. Someone tell 500 million Chinese.

Singapore’s Biggest Daily Jump In New Coronavirus Cases Takes Tally To 58 (R.)

Singapore on Thursday reported its biggest daily jump in coronavirus cases, with eight newly infected patients bringing its total to 58, the health ministry said. All of the new patients were linked to previous cases, the ministry said. Of the 58 confirmed cases reported, 15 have recovered and been discharged from hospital while seven are in critical condition in intensive care, it added.


REUTERS/Feline Lim

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This has been a He Said She Said all week. It gets serious if false reports make shares surge, though.

Foxconn Denies Reuters Reports On Factory Restart In China (ZH)

Foxconn denied a report that it plans to resume over half its production by the end of February, as the Covid-19 outbreak worsens. The report via Reuters noted that 50% of Foxconn’s production would come back online by the end of the month, and the aim for full production for next month. This sent Apple shares to near record highs this week; however, Foxconn ruined the party and said Reuters was incorrect about plant resumptions. The statement by the world’s largest contract electronics maker was published via the Taipei stock exchange on Thursday, and first cited by Reuters. Foxconn is Apple’s main iPhone assembler in China and offered no timetable of when its factories would reopen. Foxconn received the go-ahead to reopen some plants in China this week. However, only about 10% of its workforce had returned to several plants in southern Shenzhen and central Zhengzhou on Monday.


Apple has also extended the shutdown of its retail stores across the country. Stores were supposed to open earlier this week but have now delayed until February 15. TrendForce Corp. said Apple could see a 10% decline in iPhone sales in 1Q, from 45.5 million to about 41 million units, due mostly because of factory shutdowns tied to the virus outbreak. We’ve noted, in the last several weeks, that if Foxconn factories cannot resume production by early February and have full production by the end of the month, shortages would develop for Apple iPhones and AirPods. The one sector with the most exposure to Greater China and the Asia Pacific is also the sector that has outperformed the most in recent months: Tech. This means that supply chain disruptions are about to cause one of the most significant shocks since the financial crisis.

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Second expert to say this. The media should set the proper context: this is true if no measures to contain the disease are taken.

WHO Advisor Says Coronavirus May Infect Over 5 Billion People (ZH)

In yet another sign of the World Health Organization’s about-face on the coronavirus outbreak, a top epidemiologist and advisor to the organization said Thursday that if the virus isn’t contained soon, it could infect 60% of the global population – or more than 5 billion people – echoing projections made by a Hong Kong scientist who was once labeled an alarmist despite his pioneering work in the fight against SARS. According to Bloomberg, that’s what WHO advisor Ira Longini said after finishing a study of the virus’s transmissibility. His estimates suggest that the virus could one day infect billions of people, far more than the ~60,000 or so cases as of earlier on Thursday.

If the virus truly has a mortality rate of 2% (around the low end of current estimates), at this rate, it would kill more than 100 million. Of course, if the virus manages to spread so widely, it will unequivocally prove that China’s draconian quarantines weren’t effective enough, and that the government effectively set itself up for failure when it hesitated to try and contain the outbreak after it first emerged in Wuhan late last year. In recent days, growing attention has been paid to the lack of reliable virus tests, not just in China, but in virtually all countries where the virus has spread. The difficulties in diagnosing the virus could mean we see another sudden surge of cases – but this time, it could be even larger than last night’s dump from officials in Hubei.

Even if we could find a way to reduce the virus’s ability to spread by half, it would could still wind up infecting more than 2 billion people. “Unless the transmissibility changes, surveillance and containment can only work so well,” Longini, co-director of the Center for Statistics and Quantitative Infectious Diseases at the University of Florida, said in an interview at WHO headquarters in Geneva. “Isolating cases and quarantining contacts is not going to stop this virus.”

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Excuse me, but doesn’t this give Trump exactly what he would want, a bipartisan vote against the swamp, the War Party, without him having to do the heavy lifting?!

In taking the power away from him, you also absolve him of any responsibility. And that power, BTW, is only that involving Iran. Or course Trump puts up token resistance, but…

Senate Passes Iran War Powers Resolution Despite Trump’s Opposition (CNN)

The Senate passed an Iran War Powers resolution on Thursday, a rare measure that was approved with bipartisan support despite the fact that it has been opposed by President Donald Trump and aims to rein in his ability to use military action against Iran without congressional approval. The vote was 55-45. Eight Republicans voted in favor of it: Lamar Alexander of Tennessee, Todd Young of Indiana, Mike Lee of Utah, Lisa Murkowski of Alaska, Susan Collins of Maine, Rand Paul of Kentucky, Bill Cassidy of Louisiana and Jerry Moran of Kansas. The President warned the Senate not to green-light the measure on Wednesday, tweeting that “it is very important for our country’s security that the United States Senate not vote for the Iran War Powers Resolution,” and adding, “If my hands were tied, Iran would have a field day.”

The White House has also issued a veto threat against it. Despite that, the resolution, chiefly authored by Democratic Sen. Tim Kaine of Virginia, won bipartisan support. Several Republican senators, including Lee, Paul and Collins, signed on as co-sponsors. Earlier on Thursday, potential problems threatened to derail the resolution ahead of an the final vote, with Senate Democrats warning that an amendment filed late Wednesday by GOP Sen. Tom Cotton – that Democrats described as a poison pill – could draw enough support to pass and possibly make it difficult for the underlying bipartisan War Powers Resolution to maintain majority support.

Ultimately, however, the Senate defeated the controversial amendment, clearing the way for final passage. The Senate voted to table — or kill — the amendment. The resolution “directs the President to terminate the use of United States Armed Forces for hostilities against the Islamic Republic of Iran or any part of its government or military, unless explicitly authorized by a declaration of war or specific authorization for use of military force against Iran.” It includes a provision stating that no part of the resolution “shall be construed to prevent the United States from defending itself from imminent attack.”

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There were calls for an investigation into Barr and Trump interfering in the Roger Stone case. Barr just reduced Trump’s role to a bunch of tweets. They’re going to investigate a bunch of tweets? And what is there about Barr to investigate when he’s just publicly put a distance between him and Trump? Or do the want to investigate the Attorney General over a decision he hasn’t even made yet?

Barr Says Trump Tweets About DOJ Cases Make It ‘Impossible To Do My Job’ (CNN)

Attorney General William Barr on Thursday rebuked President Donald Trump for publicly commenting on sensitive investigations but insisted the Justice Department had acted appropriately after an extraordinary falling out with career prosecutors who had handled the case of Roger Stone earlier this week. In an interview with ABC News, Barr provided a robust defense of the department’s rank-and-file and said Trump’s online missives made it “impossible” to do his job. “I cannot do my job here at the department with a constant background commentary that undercuts me,” Barr said.

“To have public statements and tweets made about the department, about people in the department, our men and women here, about cases pending in the department and about judges before whom we have cases, make it impossible for me to do my job and to assure the courts and the prosecutors in the department that we’re doing our work with integrity,” he said. The criticism was a notable zag for Barr after days of mounting scrutiny over his role in the fraught decision to publicly disavow prosecutors who had sought a stiff punishment for Stone, a longtime friend of Trump. The President had tweeted congratulations Barr for the move, provoking protest from Democrats who demanded an investigation.

The four career attorneys who had worked on the Stone case and signed off on the original sentencing memorandum each withdrew from the case on Tuesday in an apparent protest. On Thursday, Barr said he was “a little surprised” that the prosecutors had stepped down, and told ABC News that it was “preposterous” to characterize his role in the developments this week as an intervention. He argued he had merely acted to resolve an internal department dispute. He has not spoken with the prosecutors, he added. Barr told ABC that he hoped the President would react and respect the criticism of his tweets delivered in the interview. “I hope he will react,” Barr said.

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Jurors are supposed to be vetted to make sure they’re impartial. This woman may have been selected for being the opposite. She should never have been selected.

Foreperson On Roger Stone Jury Revealed As Anti-Trump Activist (DM)

The foreperson on the jury that convicted Roger Stone has come forward, and is revealed to be a failed Democrat candidate for Congress and activist vehemently opposed to President Donald Trump. Tomeka Hart, a former Memphis City Schools Board President, came forward as the Stone jury foreperson in a Facebook post on Wednesday, voicing support for prosecutors in the case. Hart confirmed to The Daily Memphian that she wrote the Facebook post, but she declined an interview with the newspaper. Stone supporters were shocked when a review of Hart’s social media posts showed that she posted on Twitter mocking Stone’s dramatic arrest prior to being seated on the jury, and frequently denounced Trump, including calling the president and his supporters racists.

It’s unclear whether Stone’s political views and social media history were disclosed during jury selection, potentially raising questions about fairness that could impact the verdict on appeal. [..] Hart unsuccessfully ran for Congress as a Democrat in 2012, and is an activist who has participated in anti-Trump rallies and protests. Immediately, journalists and Trump supporters began scouring Hart’s social media history, finding a trove of anti-Trump sentiment. Independent journalist Mike Cernovich was the first to report on Hart’s extensive history of anti-Trump social media posts. In January 2019, Hart also re-tweeted a post by pundit Bakari Sellers mocking Stone’s arrest, and suggesting that racism was the reason conservatives were upset about the use of force in the FBI’s armed pre-dawn raid on his home.

Months later, Hart was impaneled on Stone’s jury. On the day the jury convicted him, she posted emojis of hearts and fist pumps.

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She was tweeting about the case while it was going on, and she was the lead juror. How ridiculous can it get?

Judge Napolitano: Roger Stone Should Get New Trial (Fox)

Judge Andrew Napolitano said on Thursday that former Trump adviser Roger Stone deserves a new trial in light of resurfaced tweets that indicate partisanship and “inherent bias” from a jury member against Stone. Former Memphis City Schools Board President Tomeka Hart revealed Wednesday that she was the foreperson of the jury that convicted Stone on obstruction charges last year — and soon afterward, her history of Democratic activism and a string of her anti-Trump, left-wing social media posts came to light. “[Stone is] absolutely entitled to a new trial with a member of a jury making these types of revelations about the politics involved in the decisions to prosecute him,” Napolitano told “Fox & Friends.”

Hart even posted specifically about the Stone case before she voted to convict, as she retweeted an argument mocking those who considered Stone’s dramatic arrest in a predawn raid by a federal tactical team to be excessive force. She also suggested President Trump and his supporters are racist and praised the investigation conducted by Special Counsel Robert Mueller, which ultimately led to Stone’s prosecution. Some of Hart’s posts were written as Stone’s trial was in progress. Hart, who unsuccessfully ran for Congress as a Democrat in 2012, quoted someone in an August 2017 tweet referring to Trump as a member of the KKK. In January 2019, she retweeted a post by pundit Bakari Sellers, who noted that “Roger Stone has y’all talking about reviewing use of force guidelines,” before suggesting that racism was the reason for all the attention Stone’s arrest had received from conservatives.

Napolitano said that he presided over 150 jury trials and “most were criminal.” “It is the duty of the judge to ensure that both the government and defendant get a fair trial and if the judge discovers afterward that there was a built-in inherent bias on the part of a member of a jury against the defendant, that is an automatic trigger for a new trial,” he explained.

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Can the Fed deal with diversity of opinion?

Senate Attacks Judy Shelton For Sin Of Being Outside The Mainstream (Mises)

Today the Senate Banking Committee held a hearing for President Trump’s two most recent Federal Reserve nominees. In one chair sat Christopher Waller, vice president and director of research at the Federal Reserve Bank of St. Louis, whose dreadfully dull answers could have been the product of a bot forced to watch 1,000 hours of central bank testimony. Luckily for those watching, most of the questions were directed towards the far more intriguing – and controversial – Judy Shelton. While by no means an Austrian, Judy Shelton’s record includes public support for a modern gold standard, criticism of the Fed’s response to the financial crisis, and even compared America’s central bank to Soviet central planners.

On the topic of competing currencies, Ms. Shelton once referred to Bernard von NotHaus, a man arrested by the US government for the production of silver “Liberty Dollars”, as the “Rosa Parks of monetary policy” for his willingness to challenge the Fed. Beyond monetary policy, she cited government deposit insurance as a program that risks creating moral hazard, suggested that the US could pay off its public debts by selling off assets like the US Postal Service and Federally-held public lands, and even publicly questioned the accuracy of government inflation measures. The recounting of the Greatest Hits of Judy Shelton offered a glimpse of what it would look like to actually drain the swamp of central bankers.

Of course, all of this was sharply – and at times uncivilly – criticized by duly-elected economic midwits that sought to lecture to Ms. Shelton while desperately relying upon the prepared questions of legislative aides. Senator Richard Shelby, at one point the Chairman of the Banking Committee, was particularly appalled at the notion of nominating a Federal Reserve candidate so outside the mainstream. His grilling of Ms. Shelton included sagely pointing out that the amount of gold in the world is worth less than the American GDP, and suggested that the gold standard was a product of the days when the US was a “barter economy.” Of course, it is a reflection of the dilapidated state of modern economics that Shelby’s ignorance would make him a safer choice for the Federal Reserve than either Shelton or her friend James Grant.

Read more …

All the racism and sexism he can buy for $1650 million and counting.

Why Is Bloomberg’s Long History of Egregious Sexism Getting a Pass? (GQ)

In December 2015, employees at Everytown for Gun Safety, the gun control organization funded by Mike Bloomberg, arrived at work to find a holiday gift on their desks from their employer: the former mayor’s 1997 autobiography, Bloomberg by Bloomberg. Flipping through the book, staffers found themselves uncomfortably reading their billionaire founder’s boasts about keeping “a girlfriend in every city” and other womanizing exploits as a Wall Street up-and-comer. “A few people started immediately going through it and sending the cringe-iest parts around on email chains,” one former Everytown employee told me. “Hardly the most controversial things he’s said, but it’s still a bad look.”

Indeed, Bloomberg’s casual boasts about his sex life in his own autobiography are now some of the least problematic parts of the his candidacy for president. In recent days, the former New York City mayor’s track record on race is undergoing renewed scrutiny: Bloomberg oversaw and expanded the racist and unconstitutional “stop and frisk” program, and a newly unearthed video shows him blaming the end of a racially discriminatory housing practice known as “redlining” for the 2008 economic recession.

But it takes a telling amount of gall and cluelessness to gift a book with anecdotes about your own womanizing to employees at your gun safety non-profit in the year 2015, especially for a politician with presidential ambitions who has been vigorously denying allegations of misogyny throughout his entire career—including some 40 sex discrimination and sexual harassment lawsuits brought against him and his organizations by 64 women over the past several decades. Bloomberg’s sexism, like that of fellow New York City billionaire Donald Trump, has been prolific and well-documented, but for some reason, the stories about him don’t seem to have taken hold. He is still being embraced by the Democratic establishment as a viable option for its presidential nominee. He surged to third place in several 2020 polls this week; the DNC changed its rules to allow him to participate in the next primary debate; Nancy Pelosi said his presence in the primary is a “positive one.”

Read more …

Priceless how the speaker first has to wait for the translation in his earphone. Wonder what the translation was.

Irish MEP Calls Venezuela’s Guaido ‘Unelected Gobshite’ In EU Parliament (RT)

Irish MEP Mick Wallace has been reprimanded for referring to Venezuela’s self-declared president Juan Guaido as an “unelected gobshite” during remarks at the European Parliament. Wallace, an Independents 4 Change MEP, was speaking Wednesday about Venezuela’s ongoing political crisis and the European Parliament’s recent decision to recognize Guaido as the country’s interim president, when he slipped the insult in. Dressed in a neon green t-shirt, the clearly irate MEP said the decision was “an absolute embarrassment to anyone who has to occupy this chamber” and a “disgrace on the part of the member states of Europe” that so many of them have recognized an “unelected gobshite.”


“Gobshite” is a favorite Irish term for a less-than-competent individual. The Ireland South MEP was quickly admonished by the parliament’s vice president Rainer Wieland. “Now, you did use the word ‘gobshite’ sir, and I would reprimand you over that,” he said. Wallace wasn’t in the mood for apologies, however. He later doubled down on the comment on Twitter, saying that Guaido “is” in fact a gobshite and the parliament’s recognition of him is “outrageous.” Fellow Independents 4 Change MEP Clare Daly also tweeted in support of Wallace, saying that his remark was “probably the best contribution EVER” on Guaido at the European Parliament.

Read more …

Just another chapter in the UK morality tale, (mal-)functioning at a 1780 AD level. Fits right in with more Jamaicans being sent back in Windrush fashion.

UK Tells 100-Year-Old Man His Parents Must Sign For Settled Status (Ind.)

A 100-year-old Italian man was told his parents must confirm his identity if he wants to stay in the UK after Brexit. Giovanni Palmiero, who has lived in London since 1966, went to an advice centre in Islington, north London, to apply for settled status. But when a volunteer scanned his passport using the Home Office EU settled status app, it misinterpreted his birth year to be 2019 instead of 1919. An apparent glitch means the system does not recognise triple digit ages and misinterpreted the “19” in 1919 to be 2019. Since the app believed the great-grandfather was only a baby, it asked him to enter his father’s residency details to complete the application.


Mr Palmiero, who will turn 101 on 28 February, moved to London in 1966, before the UK joined the European Economic Community in 1973. He worked at a restaurant in Piccadilly and in a fish and chip shop until the age of 94. He has been married to his wife Lucia, 92, for 75 years and they have four children, eight grandchildren and 11 great-grandchildren together. Their son Assuntino Palmiero said it was “like a humiliation” because his father has lived in the UK for so long. He told The Guardian: “I am not worried about him because he has got us but it’s completely unfair on old people.”

Read more …

 

 

 

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Feb 132020
 
 February 13, 2020  Posted by at 12:28 pm Finance Tagged with: , , , , , , , , , ,  11 Responses »


DPC Wanted: 500 men to eat frankfurters (click to see sign), Bowery, Rockaway, NY 1905

 

Hubei’s Coronavirus Cases Rise 10-Fold After Change In Diagnostic Criteria (SCMP)
COVID-19 Coronavirus Cases (Worldometer)
Beijing Battles ‘Crisis Of Chernobyl Proportions’ In Virus Outbreak (SCMP)
Roger Stone Sentencing Drama Roils Capitol Hill (Pol.)
Yiannopoulos to Gift Royalties From Roger Stone Book to His Defense Fund (GP)
Devin Nunes: Examples Of ‘What Mueller Team Was Really Doing’ Coming Soon (WE)
Boeing’s Got Bigger Problems Than The 737 MAX (CNN)
Corbyn Praises Assange And Calls For Extradition To US To Be Halted (Ind.)
Scientists Discover Holy Grail Which Could Lead To Universal Vaccine
Barclays CEO Probed Over Epstein Ties (R.)
Scottish Independence Is Within Sight (Craig Murray)

 

 

Already covered the virus files earlier today in China Cedes Virus Control. First two pieces below are a reminder of what happened, and what it means: Hubei’s health commission changed the diagnostic criteria used to confirm cases. The result looks something like this for Hubei:

 

 

Which leads to this global picture. Hubei apparently is the only province to date that has implemented the diagnostic changes.

 

 

 

 

 

“Hubei’s new confirmed cases pegged at 14,840, nearly 10 times more than the previous day, while deaths more than doubled to 242.”

Note: that may look like a mortality rate of 20%, but that is far too high. Then again, 2% max doesn’t look tenable anymore either. More on that below.

Hubei’s Coronavirus Cases Rise 10-Fold After Change In Diagnostic Criteria (SCMP)

Health authorities in China’s Hubei province – the epicentre of the coronavirus epidemic – reported on Thursday 14,840 new confirmed cases, almost 10 times the number reported a day earlier, and new deaths attributable to the contagion rose to 242, more than double on the day. This brings the totals announced by the province’s health commission to 48,206 and 1,310, respectively, as of Wednesday. Officials in Hubei had reported 94 fatalities and 1,638 newly confirmed cases a day earlier. Hubei’s health commission said in its daily statement that it had changed the diagnostic criteria used to confirm cases, effective Thursday, meaning that doctors have broader discretion to determine which patients are infected.

“From today on, we will include the number of clinically diagnosed cases into the number of confirmed cases so that patients could receive timely treatment,” the health authority said. Previously, patients could only be diagnosed by test kits, which has seen a shortage of supply across the country. Tong Zhaohui, an expert in the central guidance group and vice-president of Beijing Chaoyang Hospital, said the move was in line with the National Health Commission’s latest diagnostic guidelines to include clinical diagnosis, using CT scans and other tests. “When doctors diagnose pneumonia, they can only get the etiology of the disease 20 to 30 per cent of the time. We have to rely on clinical diagnosis 70 to 80 per cent of the time. Increasing the diagnosis of clinical cases will help us make an additional judgment on the disease,” he told state broadcaster CCTV in an exclusive interview.

[..] Some 13,436 of the new cases announced on Thursday were confirmed in Hubei’s capital of Wuhan …

Read more …

The mortality rate looks bad.

COVID-19 Coronavirus Cases (Worldometer)

There are currently 60,373 confirmed cases and 1,369 deaths from the Wuhan Novel Coronavirus (2019-nCoV) outbreak as of February 13, 2020, 05:20 GMT. The condition of patients, according to the World Health Organization (Feb. 7 press conference) and based on 17,000 cases in China, are: • 82% mild •15% severe •3% critical


“Total Cases” = total cumulative count (60,373). This figure therefore includes deaths and recovered/discharged patients (cases with an outcome). By removing these from the “total cases” figure, we get “currently infected cases” (cases still awaiting for an outcome). The charts include provisional data and values for Feb. 12 that are the result, for the most part, of a change in diagnosis classification, for which an additional 13,332 cases and 107 deaths were counted on Feb. 12..

Read more …

Paints Xi under much more pressure than acknowledged.

Beijing Battles ‘Crisis Of Chernobyl Proportions’ In Virus Outbreak (SCMP)

This winter, [Hubei] was the starting point for an outbreak of a new coronavirus – which causes the disease now officially known as Covid-19 – that has rapidly spread across the country and beyond, claiming the lives of more than 1,300 people and infecting over 59,000 so far. The crisis has been referred to as “China’s Chernobyl” – the 1986 nuclear accident in the former Soviet Union that was worsened by an opaque system and incompetent crisis management – and is the worst the ruling Communist Party has seen since 1989. It is certainly the worst under strongman leader President Xi Jinping. “This is clearly a crisis of enormous proportions,” said Dali Yang, a political scientist with the University of Chicago.

“Failure … will be blamed on the system and especially on Xi, who’s staked out his personal leadership role.” Yang said although the Chinese government’s propaganda machine was trying to spin the outbreak into a show of the country’s strength, it would not convince everyone. “It will be a crisis of Chernobyl proportions, especially because we will have to contend with the virus for years to come,” Yang said. “Those who have sustained losses, in particular, will be asking questions, as has happened before in the aftermath of a crisis.” Zhao Suisheng, a political scientist at the University of Denver, said there was much less diversity of domestic public opinion about the causes of this crisis than for the trade war or the Hong Kong protests.

“Many Chinese sympathised with the government on the trade war, but the mainstream public opinion now is almost one-sided against the government,” said Zhao, who has written several books on Beijing’s control of information and public opinion. “This is something I haven’t seen since 1989.” Zhao said the virus outbreak could see the party, and especially the Xi government, having to answer some tough questions. “China’s political system under Xi – with its high concentration of power, its opaqueness, the overemphasis on ideology and Leninist discipline – has almost fully removed society’s capacity to handle such crisis,” he said.

Read more …

I guess many people won’t agree, but I still think lying about things that don’t exist should not result in a 9-year sentence. I’m with the right on this one.

Roger Stone Sentencing Drama Roils Capitol Hill (Pol.)

And you thought the drama would end with impeachment. Yesterday, Justice Department officials stepped in and asked for a more lenient sentence for Roger Stone after the government initially recommended that he spend 7 to 9 years in prison for impeding congressional and FBI investigations into ties between the Trump campaign and Russia. The DOJ’s intervention prompted a fierce backlash, with all four federal prosecutors withdrawing from the case in what appears to be an extraordinary protest.

The backstory: The DOJ’s decision to overrule the stiff sentencing recommendation came after Trump repeatedly railed on the prosecutors for urging such a lengthy prison sentence for Stone. “I thought the recommendation was ridiculous. I thought the whole prosecution was ridiculous,” Trump told reporters. “I thought it was an insult to our country and it shouldn’t happen.” The president last night also lobbed attacks at Judge Amy Berman Jackson, who is overseeing the case and will ultimately sentence Stone; retweeted a post calling for pardons for Stone and Michael Flynn; and thanked Attorney General William Barr for taking charge.

The reaction from Dems: Speaker Nancy Pelosi accused Trump of “political interference,” while Senate Minority Leader Chuck Schumer called for the Inspector General to open an investigation into the DOJ’s actions. House Judiciary Chairman Jerry Nadler, meanwhile, vowed to “get to the bottom” of the matter. And House Intelligence Chairman Adam Schiff called it a “blatant abuse of power.” But here’s the reality: Democrats know there is little, if anything, they can do to counter an emboldened, post-impeachment Trump.

Read more …

Cassandra Fairbanks. Stone lost everything including his house because he is useful bait in the anti-Trump and especially anti-Assange narratives.

Yiannopoulos to Gift Royalties From Roger Stone Book to His Defense Fund (GP)

New York Times-bestselling author Milo Yiannopoulos has penned a new book about Roger Stone’s trial and will be donating royalties to the Roger Stone Defense Fund. The book, The Trial of Roger Stone, went up for pre-order on Wednesday and will be released on March 1. “In this moving, eyewitness account of Roger Stone’s trial and his decades-long career of political chicanery, author and Stone intimate Milo Yiannopoulos introduces America to the man behind the myth—and explains how the biggest stitch-up in modern judicial history unfolded. He offers a plea to President Trump to step in and do the right thing, and he explains how we can prevent such grotesque injustices from happening ever again,” a press release for the book explains.

Stone, a brilliant and notorious political consultant, was charged with seven felony counts relating to obstructing the ridiculous Russian interference investigation. He is a longtime confidant of President Donald Trump and many believe that his relationship with him is why he was targeted by the Department of Justice with such obscenely overblown charges. “The Mueller Report was a catastrophe for the malevolent forces desperate to impeach President Donald Trump. It failed to prove any collusion between the Trump campaign and Russia. Since then, many of the President’s former advisors and associates have been subjected to vindictive, political prosecutions for a variety of trivial, unrelated offenses. Roger Stone is one of them,” Yiannopoulos said in a statement provided to the Gateway Pundit.

The 67-year-old nonviolent first offender was found guilty on all seven charges in November and is due to be sentenced this month. On February 10, prosecutors requested seven to nine years in prison, but the following day Justice Department officials stepped in and asked for a more lenient sentence. All four federal prosecutors have now withdrawn from the case and President Trump has not ruled out a pardon. According to the Roger Stone Defense Fund website, his legal defense was projected to cost as much as $3 million. President Trump has been outspoken with his contempt for how the case was handled, calling it “unfair” and a “miscarriage of justice.”

Read more …

About time this is no longer just talk.

Devin Nunes: Examples Of ‘What Mueller Team Was Really Doing’ Coming Soon (WE)

Rep. Devin Nunes predicted more fallout from then-special counsel Robert Mueller’s Russia investigation. After the Justice Department recommended a steep prison sentence for Trump confidant Roger Stone, which was walked back on Tuesday, the California Republican said that “this is not going to be the only example” of questionable behavior during the federal inquiry he called an “obstruction of justice trap.” “There’s more to come on this,” the House Intelligence Committee ranking member told Fox Business host Lou Dobbs, before noting that all four prosecutors in the Stone case, including three who were on Mueller’s team, quit after the Justice Department rebuked their recommendation of up to nine years in prison for the longtime GOP operative. A more lenient three to four years in prison was suggested in the latest court filing.

“We think there’s other examples of things that they did during the Mueller investigation that I think you and your listeners and the American people will be very interested to learn in the coming weeks as we start to unpeel the onion of what the Mueller team was really doing,” he added. Nunes did not share any specifics, but the origins of the Russia investigation are being reviewed by Attorney General William Barr’s hand-picked prosecutor from Connecticut, John Durham. The case against retired Lt. Gen. Michael Flynn recently took a wild turn, with the former White House national security adviser seeking to withdraw his guilty plea on a charge of lying to the FBI and the Justice Department changing its position on a recommended sentence.

Stone was found guilty in November on five separate counts of lying to the House Intelligence Committee in its investigation into Russian election interference, in addition to one count that he “corruptly influenced, obstructed, and impeded” the congressional investigation and another that he attempted to “corruptly persuade” radio show host Randy Credico’s congressional testimony. The two-week jury trial centered on Stone’s false claims of being in communication with WikiLeaks and on his actions taken during the 2016 election and beyond. The 67-year-old was never accused by prosecutors of criminally conspiring with Russia or any other foreign actors.

[..] Nunes claimed Stone should never have been investigated in the first place by what he described as “dirty cops.” “So, what the hell did they do for two years?” the congressman said. “They set up an obstruction of justice trap, and they went after a whole bunch of people that now got sentenced. Some already served their time, and I think all of this has to come into question now,” he added.

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They don’t sell any planes. Zero last month, vs 45 (at over $100 million each) in Jan 2019.

Boeing’s Got Bigger Problems Than The 737 MAX (CNN)

Fixing the 737 Max and getting it back in the air is crucial for Boeing. But it’s not the only major challenge facing the embattled aircraft maker. Boeing also needs to focus on its next generation of passenger planes.vThe aircraft maker has made its focus clear as it works on getting the 737 Max approved to fly again, which is expected to happen by the middle of this year. The plane has been grounded since March, following two fatal crashes that killed 346 people. The nearly year-long crisis has put orders and deliveries of many of the company’s jets on hold. Tuesday, Boeing reported that it didn’t receive any new orders for commercial jets in January, compared to 45 orders a year ago. And it only delivered 13 commercial planes in the month, down from 46 a year earlier.

The 737 Max crisis has stymied Boeing’s growth. But Boeing (BA) faces a longer-term threat that is even more important to overcome: Boeing is falling behind rival Airbus and needs to build the next generation of planes to remain competitive in the future.vThe 777X widebody plane has already been developed and is going through its first round of test flights. But its official debut has been pushed back because of problems with its engine from GE. At the time of the Max crisis, Boeing was planning on delivering the 777X at some point this year. But in October, it pushed back the first delivery date to early 2021.vBoeing has 309 orders of the 777X that are now being delayed.

[..] Boeing will have to turn attention once again to the part of the market now served by the 737 Max. That’s because the need to come up with an replacement for the 737 is on the horizon. It’s tough to tell how soon it will need a 737 replacement. Experts say Boeing might not start taking orders for a 737 Max successor for another 10 years. But the need to come up with a successor could be sooner than that. If the fixes for the 737 Max aren’t enough to make passengers comfortable with flying Boeing’s best-selling jet, Boeing could have to act sooner. Boeing executives and many airlines say they believe passengers will be willing to fly the Max once it is cleared to fly again. But nobody knows for sure.

Read more …

Now that he’s become obscure again he speaks out. Hmmm.

Corbyn Praises Assange And Calls For Extradition To US To Be Halted (Ind.)

Jeremy Corbyn has called for the extradition of Julian Assange to the US to be halted, praising the Wikileaks founder for exposing US “war crimes”. Boris Johnson refused to comment on the case, which will begin this month – but surprised the Commons by agreeing the extradition treaty between the two countries is “unbalanced”. The Labour leader’s call came as he also demanded to know whether Anne Sacoolas, who drove the car that killed teenager Harry Dunn, is being “shielded” because she was a CIA spy. On Mr Assange, who faces up to 175 years in a US jail if convicted, Mr Corbyn backed MPs on the Council of Europe who have warned the extradition “sets a dangerous precedent for journalists”.


The one-sided arrangements would be “laid bare” when the courts decide whether he should be sent to the US on “charges of espionage for exposure of war crimes, the murder of civilians and large-scale corruption”, he said. “Will the prime minister agree with the parliamentary report that’s going to the Council of Europe that this extradition should be opposed and the rights of journalists and whistleblowers upheld for the good of all of us,” Mr Corbyn demanded. In response, the prime minister said: “I’m not going to mention any individual cases but it’s obvious that the rights of journalists and whistleblowers should be upheld and this government will continue to do that.”

Read more …

One of these stories a day should keep the doctor away.

Scientists Discover Holy Grail Which Could Lead To Universal Vaccine

Researchers at the Massachusetts General Hospital (MGH) in the US have uncovered the ‘Achilles’ heel’ of most viruses which plague mankind, and could soon develop a universal vaccine. Vaccine research, development and testing takes a long time, as the ongoing coronavirus outbreak has shown, but that is because researchers devote their time, attention and resources to targeting specific viruses one-by-one. But now scientists at MGH have located what may prove to be a game-changing breakthrough for humanity which could strengthen our bodies and make them impervious to most viruses. “The goal is to understand how our immune system works in order to create treatments that work against a range of viruses, not just vaccines against a particular one,” said Kate Jeffrey, head of the study, in a hospital press release.


The so-called ‘Achilles heel’ (or vulnerable point) of most viruses is actually just a simple protein named AGO4, which has been shown to have unique antiviral effects in mammalian cells. When studying mice, researchers found that only cells deficient in AGO4 were hypersensitive to infections like the influenza virus. So once they can figure out how to reinforce our bodies’ natural defences with AGO4, viruses will no longer stand a chance of infecting us, theoretically at least. “The next step is to determine how wide the spectrum of action of this protein is for any type of virus,” says Jeffrey. “And then we need to figure out how to increase the activity of AGO4 to enhance protection against viral infections.”

Read more …

Known him since 2000, got dozens of wealthy clients through him, visited his island, visited him in prison where he was for prostution/paedophilia. But never one glimpse, your honor!

Barclays CEO Probed Over Epstein Ties (R.)

Britain’s financial regulators are probing historical links between Barclays Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking charges, the bank said on Thursday. Barclays said its board had looked into media reports on Staley’s relationship with Epstein, and probed Staley’s characterization of it. The Financial Conduct Authority and the Prudential Regulation Authority are investigating. The bank said its board believes Staley has been sufficiently transparent about his ties to Epstein, whom Staley said he had not seen since taking over as Barclays CEO in 2015. Speaking to reporters on Thursday, Staley said he regretted his relationship with Epstein, which began in 2000 while he was employed by JPMorgan and “tapered off significantly” after he left the Wall Street lender.


The relationship ended in late 2015, Staley said. “I thought I knew him well, and I didn’t. I’m sure with hindsight of what we all know now, I deeply regret having had any relationship with Jeffrey Epstein,” he said. The New York Times last year said that Epstein had referred “dozens” of wealthy clients to Staley when the CEO ran JPMorgan’s private banking business. It also reported that Staley visited Epstein in prison when he was serving a sentence between 2008-09 for soliciting prostitution. Staley also went to Epstein’s private island in 2015, Bloomberg reported. Barclays has previously said that Staley never engaged or paid fees to Epstein to advise him or provide professional services.

Read more …

Boris’ honeymoon weeks are over.

Scottish Independence Is Within Sight (Craig Murray)

There will never again be a route to Scottish independence deemed legal by Westminster. The 2014 referendum will never be repeated. The U.K. will never willingly give up a third of its land, most of its fisheries, most of its mineral resources, its most marketable beef, soft fruit and whisky, most of its renewable energy potential, a vital part of its military including its primary nuclear base, its best universities in a number of key fields including life sciences, its ready pool of intellectual and professional talent. Prime Minister Boris Johnson is for once honest when he says keeping the Union together is his top priority. It is the top priority of the entire British Establishment.

Former Prime Minister David Cameron only agreed to the 2014 referendum because he thought the result would humiliate and kill off Scottish nationalism. Support for independence was at 28 percent in the polls at the time he agreed. Westminster had the most enormous and horrible shock when support for independence grew to 45 percent during the campaign as many people for the first time in their lives heard the real arguments. The Whitehall panic of the last week of the 2014 referendum campaign is not something the British Establishment ever intend to repeat.

There is a charmingly naive argument put forward by some that, if support for independence can be grown to 60 percent in the opinion polls, Johnson and Westminster will have to “grant” a referendum. This is the opposite of the truth. If support for Independence is at 60 percent, the very last thing that the Tories will do is agree a referendum they will lose. Their resistance will be massively hardened. Remember, the Tories could have zero Tory MPs in Scotland and still have a majority of 73 in Westminster. There is no political damage for Johnson in unpopularity in Scotland. In England, his anti-Scots stance is very popular with a core support base of knuckle-dragging, ill-educated racists.

[..] If you believe in Scottish independence, you believe that the Scottish nation are a “people” within the meaning of the UN Charter, and thus have an inalienable right of self-determination. That means that Westminster has no right, by legislation or by any other means, to prevent the Scottish people from exercising their self-determination. I am sorry, but this is the fact: If you believe Scotland should only move to independence in a Westminster-approved process, you do not really believe in Scottish Independence at all.

Read more …

 

 

 

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Feb 122020
 


Dorothea Lange Daughter of white tobacco sharecropper at country store. Person County, North Carolina 1939

 

China Reports 97 New Deaths, 2,059 New Cases Confirmed (SCMP)
Coronavirus Cases Fall, Experts Disagree Over Whether Peak Is Near (R.)
Japan Cruise Ship Virus Cases Jump To 175 (R.)
At Least 500 Wuhan Medical Staff Infected With Coronavirus (SCMP)
China’s Banks Face $6 Trillion Coronavirus Cataclysm (ZH)
China Home Sales Crash In First Week Of February ‘Worse Than SARS’ (ZH)
Trump Swipes At Resigned Prosecutors, Judge In Roger Stone Case (Hill)
Despite Iowa Fiasco, Nevada Democrats Plan to Use New Software “Tool” (Webb)
Executive Order (Kunstler)
Third Whistle-Blower Comes Forward To Corroborate Complaints About OPCW (RT)
Subprime Auto Loans, Serious Delinquencies Soar. These Are the Good Times (WS)
Job Openings Plunge the Most Since the Great Recession (WS)
How Unfunded Pensions Will Destroy Your Retirement (Raoul Pal)
Volkswagen and Daimler Push For More ‘Sustainable’ Chile Lithium (R.)

 

 

And there we go once more with the Covid19 statistics (will that new name ever stick?):

 

• Deaths: 1,115, up 97 from yesterday’s 1,108


• Cases: 45,171, up 2059 from yesterday’s 43,112

 

“Everyone” is saying the numbers are going down, and that must mean we’re over the peak, or something.

But I quoted Ben Hunt yesterday in Corona Cartoon Numbers as saying the numbers conformed to a simple quadratic function, and speaking in the “voice” of Xi Jinping:

Yesterday we told everyone that 500 people have died since the outbreak. That’s a made-up number, of course, but that’s what we told everyone. Today let’s tell everyone that an additional 15% of that number died yesterday, so 75 new deaths for 575 total dead. And tomorrow let’s tell everyone that 14% of that total number died, and the day after 13%, and then 12% and then 11%. Clear progress!

That was in reaction to this predicted sequence Hunt saw presented by Antimonic:

 

 

My updated interpretation of this was:

Today according to “official” numbers we have 43,103 cases and 1,018 fatalities, which is up 108 from yesterday’s 910. What’s that, 10.5%? Close enough for discomfort.

And sure enough, today’s 97 deaths constitute 9.5% of yesterday’s 1,108. If this sequence holds (note that it was never meant as anything precise, just a trend), tomorrow’s new added deaths should be around 8.5% of 1,115, or 93-96 deaths. Let’s see. If that is correct, we know Beijing has been reporting false deaths numbers according to that quadratic “formula” -we already know, really.

 

 

 

You wait 2,5 months to name the thing, and then expect everyone to use that name?

China Reports 97 New Deaths, 2,059 New Cases Confirmed (SCMP)

China’s health authority reported 97 new deaths attributable to the Covid-19 outbreak and 2,015 newly-confirmed cases as of Tuesday. This brings the national totals to 1,113 and 44,653, respectively. As of yesterday, 744 recovered patients have been discharged, while the total number of recovery cases stands at 4,740. Outside Hubei province – epicentre of the Covid-19 epidemic – new infections on the mainland fell for the eighth consecutive day. Health authorities in Hubei reported 94 new deaths attributable to the contagion, and 1,638 newly confirmed cases as of Tuesday. This brings the totals announced by the province’s health commission to 1,068 and 33,366, respectively.


Officials in Hubei had reported 103 fatalities and 2,097 newly confirmed cases a day earlier. Some 1,104 of the new cases announced were confirmed in Hubei’s capital of Wuhan, where the virus is believed to have originated at a seafood and meat market. The figures from Hubei on Tuesday mark the lowest number of newly confirmed cases since the beginning of February. It is also the first time that Hubei has reported fewer than 2,000 new daily cases since February 2. Michael Ryan, the World Health Organisation’s head of emergency programmes, said on Tuesday in Geneva that Covid-19 had the potential to spread faster than either the Ebola or Sars viruses. Earlier this week, Covid-19 exceeded the Sars outbreak of 2002-03 in terms of deaths attributed to it.

Read more …

“China’s foremost medical adviser on the outbreak, Zhong Nanshan..” Who said two weeks ago it would all be over within a week or ten days. “China’s foremost medical adviser on the outbreak”. Zhong now says: “I hope this outbreak or this event may be over in something like April..”

Coronavirus Cases Fall, Experts Disagree Over Whether Peak Is Near (R.)

China on Wednesday reported its lowest number of new coronavirus cases since late January, lending weight to a prediction from its senior medical adviser that the outbreak could be over by April. Global markets took heart from the outlook but other international experts remain alarmed by the spread of the flu-like virus, which has killed more than 1,100 people, all but two in mainland China, and said optimism could be premature. China’s foremost medical adviser on the outbreak, Zhong Nanshan, said the numbers of new cases were falling in some provinces, and forecast the epidemic would peak this month.

“I hope this outbreak or this event may be over in something like April,” Zhong, an epidemiologist whose previous forecast of an earlier peak turned out to be premature, told Reuters on Tuesday. Total cases of the new coronavirus in China have hit 44,653, according to health officials, including 2,015 new confirmed cases on Tuesday. That was the lowest daily rise in new cases since Jan. 30. China last week amended its guidelines on prevention and control of the coronavirus, saying that only when asymptomatic cases show clinical signs should they be recorded as a confirmed case. However, it is not clear if the government data previously included asymptomatic cases. The number of deaths on the mainland rose by 97 to 1,113 by the end of Tuesday.

While Chinese officials said the situation was under control, the World Health Organization (WHO) warned the epidemic posed a global threat potentially worse than terrorism. The world must “wake up and consider this enemy virus as public enemy number one”, WHO chief Tedros Adhanom Ghebreyesus said on Tuesday, adding the first vaccine was 18 months away. Asked about Zhong’s prediction, Australia’s chief medical officer, Brendan Murphy, said: “I think it’s far too premature to say that.” “We’ve just got to watch the data very closely over the coming weeks before we make any predictions,” he told the Australian Broadcasting Corp, while praising China’s “Herculean efforts” to contain the virus.

[..] Even if the epidemic ends soon, it has already taken a toll on China’s economy, with companies laying off workers and other firms needing loans running into billions of dollars to stay afloat. Supply chains for car manufacturers to smartphone makers have broken down. Wu Chaoming, chief economist at Fortune Securities, wrote in a report that the impact on China’s labor market would be far greater than that of a 2002-2003 outbreak of another coronavirus that caused Severe Acute Respiratory Syndrome. About 24% of the labor force, or 186 million people, “could face some risks in salary reduction or even being laid off”, he said. ANZ bank said China’s first-quarter growth would likely slow to 3.2-4.0% compared with an earlier projection of 5.0%. China’s aviation regulator urged countries to lift virus-related travel restrictions as soon as possible, but airlines showed no sign of easing their curbs on flights.

Read more …

Highest concentration of infections outside of China.

Japan Cruise Ship Virus Cases Jump To 175 (R.)

Another 39 people have tested positive for the coronavirus on the quarantined Diamond Princess cruise ship in Japan as well as one quarantine officer, bringing the total to 175, the health ministry said on Wednesday. The Diamond Princess was placed in quarantine for two weeks upon arriving in Yokohama, south of Tokyo, on Feb. 3, after a man who disembarked in Hong Kong was diagnosed with the virus. About 3,700 people are aboard the ship, which usually has a crew of 1,100 and a passenger capacity of 2,670. The ministry said tests are being conducted for others who are deemed to need them and it will announce the results later.


The U.K.-flagged Diamond Princess is managed by Princess Cruise Lines, one of the world’s largest cruise lines and a unit of Carnival Corp. The government was considering allowing elderly and those with chronic illnesses to disembark before the Feb. 19 target date for ending the quarantine, some media reported, but added it would take time to figure out where they could be sent. As of last week, about 80% of the passengers were aged 60 or over, with 215 in their 80s and 11 in the 90s, the English-language Japan Times newspaper reported.

Read more …

Yup. Poor hygiene.

At Least 500 Wuhan Medical Staff Infected With Coronavirus (SCMP)

At least 500 hospital staff in Wuhan had been infected with the deadly new strain of coronavirus by mid January, multiple medical sources have confirmed, leaving hospitals short-staffed and causing deep concern among health care workers. While the government has reported individual cases of health care workers becoming infected, it has not provided the full picture, and the sources said doctors and nurses had been told not to make the total public.
The reason for this edict was not explained, but the authorities have been trying to boost morale among frontline medical staff, especially following the death of Li Wenliang, who was killed by the disease weeks after being reprimanded by police for warning colleagues about the new virus.


A slide circulating online, however, reveals the scale of infections among medical workers in Wuhan. It said that by mid-January there had been about 500 confirmed cases among hospital staff with a further 600 suspected ones. A source from a major hospital in Wuhan with knowledge of the situation confirmed that the slide was authentic. The figures shown on the slide were also in line with the figures given by two other doctors from major hospitals in Wuhan.

Read more …

How many businesses and banks can the PBOC save if the virus lasts into April or beyond?

China’s Banks Face $6 Trillion Coronavirus Cataclysm (ZH)

In a little noticed post back in November, we reported that as part of a stress test conducted by China’s central bank in the first half of 2019, 30 medium- and large-sized banks were tested; In the base-case scenario, assuming GDP growth dropped to 5.3% – nine out of 30 major banks failed and saw their capital adequacy ratio drop to 13.47% from 14.43%. In the worst-case scenario, assuming GDP growth dropped to 4.15%, some 2% below the latest official GDP print, more than half of China’s banks, or 17 out of the 30 major banks failed the test. Needless to say, the implications for a Chinese financial system – whose size is roughly $41 trillion – having over $20 trillion in “problematic” bank assets, would be dire.

Why do we bring this up now? Because according to many Wall Street estimates, as a result of the slowdown resulting from the Coronavirus pandemic, China’s economic growth is set to slow sharply, with some banks such as JPMorgan now expecting as little as 1% GDP growth in Q1 assuming the epidemic is contained in the next few weeks; if it isn’t, Chinese Q1 GDP growth may print negative for the first time on record. This is a big problem, because as noted above if the PBOC’s 2019 stress test is credible, more than half of China’s banks would fail the “stress test” should GDP drop to just 4.15%; and one can only imagine what happens to China’s banks if GDP prints negative.

Or, alternatively, one can read the fine print, where we find that among the immediate first order consequences of a GDP crunch is that the bad loan ratio at the nation’s 30 biggest banks would rise five-fold, flooding the country with trillions in non-performing loans, and potentially unleashing a tsunami of bank defaults. [..] “The banking industry is taking a big hit,” You Chun, a Shanghai-based analyst at National Institution for Finance & Development told Bloomberg. “The outbreak has already damaged China’s most vibrant small businesses and if it prolongs, many firms will go under and be unable to repay their loans.” [..] .. a recent nationwide survey showed that about 30% [of small businesses] expect to see revenue plunge more than 50% this year because of the virus and 85% said they are unable to maintain operations for more than three months with cash currently available.

Read more …

“..new apartment sales crashed 90% in the first week of February..[..] .. Sales of existing homes in 8 cities plunged 91% over the same period..”

That can’t last long, but: “Real estate transactions have been forbidden in many cities.”

Seen more reports on that seconnd pic: the virus spreading through pipes in buildings.

China Home Sales Crash In First Week Of February ‘Worse Than SARS’ (ZH)

Bloomberg cited a new report via China Merchants Securities (CMSC) that said new apartment sales crashed 90% in the first week of February over the same period last year. Sales of existing homes in 8 cities plunged 91% over the same period. “The sector is bracing for a worse impact than the 2003 SARS pandemic,” said Bai Yanjun, an analyst at property-consulting firm China Index Holdings Ltd. “In 2003, the home market was on a cyclical rise. Now, it’s already reeling from an adjustment.” Long before the coronavirus outbreak, China’s housing market has been on shaky grounds amid declining demand, stricter mortgage requirements, and price discounts.

The latest shock: two-thirds of China’s economy has come to a standstill, could generate enough pessimism to pop the country’s massive housing bubble. After all, coronavirus is a mass distraction from the overall domestic problems the Communist Party of China (CPC) faces. The CPC failed to stimulate the economy last year, with credit impulse not turning up as expected. The virus outbreak has allowed the CPC to scapegoat the slowdown and the inevitable crash. “…China’s ability to stimulate its economy is now virtually nil, since China’s record debt load has now made it virtually impossible to push the country’s credit impulse higher,” we noted last week. Real estate transactions have been forbidden in many cities. This means fire sales could be seen once selling restrictions end.

E-House China Enterprise Holdings Ltd.’s research institute said four units per day were being sold in Beijing last week, and this is down from several hundred per day during the same period in the previous year. China International Capital Corp. analyst Eric Zhang said demand could pick back up in April, assuming the virus outbreak is under control.

Read more …

The 4 prosecutors in the Roger Stone case should be investigated. They won’t be, if only because they’re not independent. But this feels like sour grapes for the Mueller report failure.

Stone is a dirty trickster, but he’s been that for decades, and he’s only one of many in DC, on both sides. You can’t be locked up for that. Stone faces two main allegations, IIRC:

1) Lying about his link to WIkiLeaks/Russia. But we know Stone never had any such links. He lied to the Trump campaign about having them though, and then to the DOJ about that. But in essence, he was lying about something that never existed.

Sentencing him for that serves only to keep the illusion alive (just like the coward Rober Mueller did), that WikiLeaks had Russia links, and it’s high time to get rid of that ridiculous notion once and for all.

2) Stone is accused of threatening Randy Credico, his friend who testified to the DOJ. Or more specifically, he’s accused of threatening to kill Credico’s dog, Bianca. Credico wrote to Judge Amy Berman last month pleading with her NOT to send Stone to prison, and saying neither the threats against him or Bianca were serious.

Summarized, there are (were) 4 prosecutors who wanted to send Stone to prison for 9 years for threatening a dog, which according to the dog’s owner wasn’t even a real threat. And if the DOJ or Barr or Trump criticize this, they become the accused, “lawless”, parties.

Trump Swipes At Resigned Prosecutors, Judge In Roger Stone Case (Hill)

President Trump on Tuesday swiped at the prosecutors and judge in the case of longtime confidant Roger Stone amid the fallout of the Justice Department’s decision to intervene in Stone’s sentencing recommendation. Trump weighed in on the sentencing late Tuesday even as Democrats and critics expressed alarm that the president seemed to be blurring the line between the executive branch and the Department of Justice (DOJ). “Who are the four prosecutors (Mueller people?) who cut and ran after being exposed for recommending a ridiculous 9 year prison sentence to a man that got caught up in an investigation that was illegal, the Mueller Scam, and shouldn’t ever even have started? 13 Angry Democrats?” Trump tweeted.

All four prosecutors who worked on Stone’s case resigned Tuesday after the DOJ asked a federal court to reduce the seven- to nine-year prison sentence they had originally recommended. One prosecutor, Aaron Zelinsky, worked on former special counsel Robert Mueller’s team. Stone, a 67-year-old right-wing provocateur, was found guilty in November of lying to Congress and witness tampering related to his efforts to provide the Trump campaign inside information about WikiLeaks in 2016. The timing of the DOJ’s involvement raised questions given that it came hours after Trump ridiculed the initial recommendation as a “miscarriage of justice” and previous accusations from Democrats that Attorney General William Barr has interceded at times in the president’s favor.

The president later told reporters he had not spoken with DOJ officials about Stone’s case but insisted he had the right to do so. He declined to say whether he was considering commuting Stone’s eventual sentence. “All starting to unravel with the ridiculous 9 year sentence recommendation!” Trump tweeted Tuesday night. Trump late Tuesday also swiped at D.C. District Judge Amy Berman Jackson, who is overseeing the Stone case, implying she had treated his former campaign chairman unfairly. “Is this the Judge that put Paul Manafort in SOLITARY CONFINEMENT, something that not even mobster Al Capone had to endure? How did she treat Crooked Hillary Clinton? Just asking!” Trump tweeted.

Read more …

The most boring show on TV. If you watch it or g-d forbid write about it, I feel for you.

Iowa: screwed up app, and ButtGeek gets bought into contention.

New Hampshire: Klobuchar gets bought into contention.

All of a sudden Warren and Biden are gone, and two no-no’s are Sanders’ only rivals left?

Despite Iowa Fiasco, Nevada Democrats Plan to Use New Software “Tool” (Webb)

Even while the chaos of the recent Iowa Caucus remains fresh in voters’ minds, the Nevada State Democratic Party is setting itself up for more of the same by using a new software application for reporting results that is set to be coded and tested in less than a month. The application, still currently under development, will come preloaded onto iPads that will be distributed to precinct chairs during Nevada’s upcoming caucus, scheduled for February 22. The scramble to create this new application followed revelations that the same company that had developed the software largely blamed for the Iowa debacle – known as Shadow Inc. – had also developed the two applications that Nevada Democrats had planned to use both for early voting and for Caucus Day.

[..] .. the Shadow Inc. app was reported to have been developed over a period of roughly two months, though the company’s CEO, Gerard Niemira, has since claimed that the app’s creation began last August. In contrast, Nevada Democrats are now slated to use a software application developed in less than half that time [..] Another issue is the fact that Nevada Democrats decided to go this route after consulting “a group of tech and security folks” whose names and affiliations were not provided. As previously mentioned, after the Iowa debacle, several media reports quoted technology and cybersecurity experts as well as software developers who had cited the rushed development of the Shadow Inc. app as having largely led to the app’s failure and the resulting chaos in Iowa.

It thus seems odd that a group of “tech and security folks” are urging Nevada Democrats to pay for the development of a new program in an even shorter time frame as a way to prevent Nevada’s caucus from repeating Iowa’s failures. Though the identity of this group remains unknown, concerns have been raised that some may have links to the 2020 presidential campaign of Pete Buttigieg, given that the Shadow Inc.-developed app used in Iowa was found to have ties to the Buttigieg campaign and the Iowa caucus chaos clearly benefited the Buttigieg campaign. Concerns about possible connections between these tech and security consultants and the Buttigieg campaign have only grown since it was revealed that Nevada Democrats recently hired an organizer for Pete Buttigieg’s 2020 presidential campaign, Emily Goldman, as the Caucus’ Voter Protection Director, just weeks before the caucus is set to take place.

Read more …

I felt a song coming on. From one of my favorite albums.

Executive Order (Kunstler)

In this pause between past and future Deep State seditions, and the full-blown advent of Corona Virus in every region of the world, we pause to consider Mr. Trump’s executive order requiring new federal buildings to be designed in the classical style. The directive has caused heads to explode in the cultural wing of Progressive Wokesterdom, since the worship of government power has replaced religion for them and federal buildings are their churches — the places from which encyclicals are hurled at the masses on such matters as who gets to think and say what, who gets to use which bathroom, and especially whose life and livelihood can be destroyed for being branded a heretic.

[..] A virtue of classicism is that it employs structural devices that allow buildings to stand up: arches, columns, colonnades. These are replicable in modules or bays along scales from small to large. These devices honestly express the tectonic sturdiness of a building within the realities of gravity. A hidden virtue of classicism is that it is based on the three-part representation of the human figure: the whole and all the parts within it exist in nested hierarchies of base-shaft-and-head. This is true of columns with capitols set on a base, of windows with their sills, sashes, and lintels, and the whole building from base to roof. Classical architecture follows proportioning systems universally found in nature, such as the Fibonacci series of ratios, which are seen in everything from the self-assembly of seashells to the growth of tree branches.

Thus, classicism links us to nature and to our own humanity. Classical ornaments — the swags, moldings, entablatures, cartouches, corbels, festoons, and what-have-you — are not mandatory, but, of course, they also provide a way of expressing our place in nature, which is a pathway to expressing truth and beauty.

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Just disband the thing alright. And defund Bellingcat.

Third Whistle-Blower Comes Forward To Corroborate Complaints About OPCW (RT)

A third whistle-blower has come forward to corroborate the previous complaints that the Organization for the Prohibition of Chemical Weapons (OPCW) tried to suppress evidence-gathering in the Douma probe, a report says. The alleged new whistleblower, whose redacted email was shared by the Grayzone Project on Tuesday, backed the complaints made by two former OPCW employees — South African engineer and organization’s veteran Ian Henderson, and another whistleblower known as ‘Alex.’ OPCW Director-General Fernando Arias had earlier dismissed the pair — dubbed Inspector A and Inspector B in the organization’s inquiry into their claims — as low-level rogue employees who conducted field work without proper authorization and which simply “could not accept that their views were not backed by evidence.”

However, the person, described by Grayzone as a former senior official with the OPCW, stood by Henderson and ‘Alex,’ writing that his time with the organization was “the most stressful and unpleasant” one in his life. “I feel ashamed for the Organization and I am glad I left it. “I fear those behind the crimes that have been perpetrated in the name of ‘humanity and democracy,’ they will not hesitate to do harm to me and my family,” the person wrote, explaining the decision to remain anonymous. Henderson was deployed with the fact-finding mission to Syria shortly after the alleged chemical attack in Douma. The inspector concluded that the cylinders, supposedly containing chlorine, were more likely manually placed on the ground rather than dropped from planes.

According to him, the higher-ups discarded his findings without explanation, and sidelined him from the rest of the mission. Its final report was later used by the US and some European countries to implicate the Syrian government of Bashar Assad in conducting the attack, which the Syrian authorities vehemently deny.

Read more …

What keeps America motoring.

Subprime Auto Loans, Serious Delinquencies Soar. These Are the Good Times (WS)

Auto loan and lease balances have surged to a new record of $1.33 trillion. Delinquencies of auto loans to borrowers with prime credit rates hover near historic lows. But subprime loans (borrowers with a credit score below 620) are exploding at a breath-taking rate, and they’re driving up the overall delinquency rates to Financial Crisis levels. Yet, these are the good times, and there is no employment crisis where millions of people have lost their jobs. All combined, prime and subprime auto-loan delinquencies that are 90 days or more past due – “serious” delinquencies – in the fourth quarter 2019, surged by 15.5% from a year ago to a breath-taking historic high of $66 billion, according to data from the New York Fed released today:

Loan delinquencies are a flow. Fresh delinquencies that hit lenders go into the 30-day basket, then a month later into the 60-day basket, and then into the 90-day basket, and as they move from one stage to the next, more delinquencies come in behind them. When the delinquency cannot be cured, lenders hire a company to repossess the vehicle. Finding the vehicle is generally a breeze with modern technology. The vehicle is then sold at auction, a fluid and routine process.[..] Seriously delinquent auto loans jumped to 4.94% of the $1.33 trillion in total loans and leases outstanding, above where the delinquency rate had been in Q3 2010 as the auto industry was collapsing, with GM and Chrysler already in bankruptcy, and with the worst unemployment crisis since the Great Depression approaching its peak. But this time, there is no unemployment crisis; these are the good times:

About 22% of the $1.33 trillion in auto loans outstanding are subprime, so about $293 billion are subprime. Of them, $68 billion are 90+ days delinquent. This means that about 23% of all subprime auto loans are seriously delinquent. Nearly a quarter!

Read more …

The biggest threat vs Trump’s re-election. Will the Dems weaponize it?

Job Openings Plunge the Most Since the Great Recession (WS)

The number of job openings in December dropped by 364,000 from November (seasonally adjusted), after having already plunged by 574,000 in November, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS). This two-month plunge of 938,000 job openings came after a series of ups and downs with downward trend starting after the peak in January 2019. It brought the number of job openings in December to 6.42 million (seasonally adjusted), same level as in October 2017. Since the peak in January 2019, over 1.2 million job openings have dissolved into ambient air (November and December in red).

On a not-seasonally adjusted basis, job openings in December plunged by 14.9% from December 2018, the steepest since the Great Recession. In total, 1.05 million job openings have disappeared over the period. This was the seventh month in a row of year-over-year declines. Year-over-year comparisons eliminate seasonal fluctuations. And the fact that this year-over-year drop of 14.9% in December occurred in the not-seasonally adjusted data shows that the drop to 6.42 million job openings was not due to seasonal adjustments gone berserk. It was due to other reasons. There had been a minuscule dip into the negative in January 2013, and then the more visible dip into the negative in late 2016 and early 2017. What we’re seeing now is in an entirely different ballpark:

Read more …

I haven’t watched the entire video, but this is a topic that warrants much more scrutiny.

How Unfunded Pensions Will Destroy Your Retirement (Raoul Pal)

How can ordinary people behaving rationally create a generational threat? Raoul Pal, in his role as CEO and co-founder of Global Macro Investor, joins Real Vision to explain the interconnected problem of the everything bubble and the coming retirement crisis to answer the question, “why do we invest?” He explains in detail how the baby boomer generation, through the rational and reasonable behavior of seeking to live and retire comfortably, has fueled the creation of a massive financial bubble that touches nearly every corner of the economy as pensions take more and more risk. Pal breaks down the crucial demographic, economic, and political trends that have combined to create the problem and suggests potential solutions for Baby Boomers, Millennials, and Gen Xers to get out door before the fire of the coming recession. Filmed on February 4, 2020 in Grand Cayman.

Read more …

Now taking bets on when the term “sustainable” loses the last bit of its meaning. And no, electric cars don’t solve single problem. They create plenty new ones, though, so if problems are your thing…

Volkswagen and Daimler Push For More ‘Sustainable’ Chile Lithium (R.)

German automakers Volkswagen and Daimler have launched a study to push for more “sustainable” lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns ahead of an expected electric vehicle boom. Chile’s Atacama salt flat is by far the biggest source of supply of the ultralight battery metal in South America’s so-called “lithium triangle.” The region, whose fragile ecosystem relies on a limited water supply, is home to the globe’s top two producers, U.S.-based Albemarle and Chile’s SQM. But concerns over sustainability have long plagued Atacama’s miners, which extract the metal from pools of brine beneath the world’s driest desert.

Residents and environmental groups worry about potential damage to a regional ecosystem home to an ancient indigenous culture, lagoons inhabited with rare flamingos and a booming tourism industry. Lobbying records show a team from German development agency GIZ and the public-private Fundacion Chile met with Cristóbal De La Maza, chief of top Chilean environmental regulator SMA, early this year to formally present plans for the “feasibility study.” “This project is driven by the Volkswagen and Daimler companies,” the filings read. “The growing importance of batteries has made the sustainability of lithium a key priority for these companies.”

Pressure is mounting on German carmakers to fast-track production of electric vehicles to meet increasingly stringent European Union anti-pollution rules. Volkswagen alone has staked its future on a $91 billion plan to profitably mass-producing zero-emission vehicles. That push has prompted beefed-up scrutiny of mining practices around key metals such as cobalt, copper and lithium, all of which are predicted to see a spike in demand in coming years. [..] Australia, the world’s No. 1 producer of the white metal, mines its lithium from hard rock, not brine.

Read more …

 

Joseph Shabalala died this week. He was the founder -and “father”- of Ladysmith Black Mambazo, the South African vocal group that accompanied Paul Simon on his Graceland album and tour.

 

 

 

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Nov 152019
 


Johannes Vermeer View of Delft 1660-61

 

Roger Stone convicted on all counts. I’m reading through them and see WikiLeaks all over. And yes, he may have been lying about all sorts of things, his contacts with Randy Credico, what he knew when etc etc. But one thing must again be made clear: Stone never had any direct contact with Assange, let alone in some plot to release information that could damage Hillary Clinton.

We can be sure of that because as I’ve said multiple times, Assange has said that did not take place, and Assange couldn’t afford to lie, because the slightest little lie would have turned potential whistleblowers (the real kind, not the fake CIA agent one we see today) away from leaking anything to WikiLeaks. And WikiLeaks was Julian’s life’s work.

He would never have risked that, and he didn’t need to. Moreover, in 2016, the time the Roger Stone story plays, he was still in the Ecuador embassy in London, relatively secure and with all the equipment he wanted at his disposal. The Stone verdict reads like a verdict of WikiLeaks too, but only on the surface, and that only because Assange has been silenced.

Robert Mueller in his utterly failed investigation at the end still left two strains open which he insinuated were true, but which both were possible only because the accused were unable or unlikely to defend themselves: the “Russians”, in particular a group of 13 unnamed GRU “hackers”, and Julian Assange. As I said back then, Mueller is a coward and a liar for doing that, and for not acknowledging what a failure he is.

 

Other than that, today the ‘hearing’ of Marie Yovanovich, former US ambassador to Ukraine, when combined with Wednesday’s ‘testimonies’ of Bill Taylor (career diplomat and acting United States ambassador to Ukraine) and George Kent (Deputy Assistant Secretary of State for European and Eurasian Affairs), has started to paint a pretty solid picture of what is going on.

That is, the Deep State or whatever you want to call it, represented by all these people, was dead set on continuing the US policies that led to the Maidan coup against elected president Yanukovich. It involved Obama, Hillary Clinton, John McCain, Victoria Nuland and Geoffrey Pratt, plus scores of other “public servants”.

It was always directed towards antagonizing Vladimir Putin, and they expected to be able to keep doing it. When Trump came and said: wait a minute, their rear guard was mobilized. And now we have this whole Quid Pro Quo drama, which Nancy Pelosi yesterday renamed Bribery, because too many simple Americans can’t even understand one single Latin term, and because it sounds so much more ominous.

But really, I said it before, Adam Schiff opened on Wednesday with talk of Russia aggression, “In 2014, Russia invaded a United States ally, Ukraine, to reverse that nation’s embrace of the West, and to fulfill Vladimir Putin’s desire to rebuild a Russian empire.”, while Taylor followed right behind with “If we withdraw or suspend or threaten to withdraw our security assistance” to Ukraine, it sends a “message to Ukrainians, but its just as important to the Russians who are looking for any sign of weakness”.

That’s the tenor that Marie Yovanovich also operates within. It’s a wolf pack, it’s a state within a state. They all owe their status and salaries to antagonizing Russia. But it was them, representing the US, who started the Maidan mayhem in 2013/14, not Russia. Nuland herself admitted the US spent $5 billion on that coup. She just used another word.

And then Putin outsmarted them all by taking Sevastopol, and he did it without a single shot being fired. Boy, they must have hated that. But many of them still remained in place, or in similar places, and that’s exactly what Trump didn’t want any longer. As we speak, Schiff can try and present Yovanovich as some sort of brave life long “servant” to the US, but she hasn’t exactly been complimenting her new president.

 

Is it outrageous for a president to want to have people who represent him/her, instead of holdovers from other administrations, who don’t? Of course not, a president has full authority in firing and appointing ambassadors. I’m more asking myself: what took you so long?

Trump today has a choice of continuing the failed Obama approach in Ukraine, trying to establish the country as some stronghold vs Russia and even get it into NATO, or he can initiate peace talks with Putin and Zelensky and other leaders in the region. Which choice would you prefer? “Putin’s desire to rebuild a Russian empire”, as Schiff put it, is nonsense. Putin simply doesn’t want Ukraine, which borders Russia, to be used as threat to his country.

He doesn’t want missiles stationed there etc. And the people he supports in the Donbass region? They’re Russian nationals, who got caught up on the “wrong” side of a new border in the downfall of the Soviet Union. If he had let them down, his entire nation would have never forgiven him. Not a hard choice to make.

Of course, in the background noise to all of this, there’s the fact that Russia has far surpassed the US in arms manufacturing. For one tenth of the cost they produce weapons that are 10 times more effective. That what the Deep State and its platoons of “public servants” like Bill Taylor and Marie Yovanovich hate most of all.

And they would never clamor for toning it down a little, for peace negotiations, for detente. Because that would threaten all of their paychecks.

 

And that is what I got from Wednesday’s and today’s ‘hearings’, that is the picture that shines through. It doesn’t mean to me that Trump is such a great president or anything, god almighty no, but that even if or when he tries to tone things down, this is the backdraft he gets. And that is mighty scary if you ask me.

Marie Yovanovich is sitting there complaining about some conspiracy against her, while A) Trump has every right to fire her and B) she’s been talking trash against him behind his back. If Trump loses in 2020 and the Dems want to restore that whole Deep State thing, by all means, and it’ll be legal too. But what’s happening now is not.

Adam Schiff and the Democrats are trying to make it look as if Trump does all these crazy and illegal things to try and influence the next election, while at the same time they have spent 2+ years and $40 million on the Mueller report that came up yawningly empty, and seamlessly went into Ukrainegate, which is also as hollow as a black hole.

Just switched on the footage again, and there’s some woman reciting how Yovanovich has 33 years of service, and it’s terrible she was fired from her job, but wouldn’t that always be, and isn’t it always, dependent on a person’s political leanings? That after 33 years you may not be able, or trusted, to properly represent a new president’s views? Should that president then step down because you did all those years or should you look for another job?

But not, Yovanovich presents herself as non-partisan. Well, opinions on that vary. And the president the American people elected doesn’t think she is. And that’s what counts today. What Bill Taylor and Marie Yovanovich show us this week, is that there may not just be a Deep State, but also a Shallow State.

Moreover, there is no such a thing as a president for life in the US and for very good reason. So why all the fuss about Yovanovich not being able to be an ambassador for life? I just don’t get it.

 

 

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Nov 062019
 
 November 6, 2019  Posted by at 9:34 am Finance Tagged with: , , , , , , , , , , ,  17 Responses »


Dorothea Lange ‘We’re bound for Kingfisher (OK wheat) and Lubbock (TX cotton). We’ll be in California yet. 1938

 

ABC Stopped Jeffrey Epstein Report ‘Amid Palace Threats’ (BBC)
MSM Execs Part Of ‘Network Of People’ That Covered For Epstein – O’Keefe (RT)
Roger Stone, Trump Friend And Alleged Tie To WikiLeaks, Faces Trial (NPR)
Amid 2016 Election, State Dept Saw Burisma As Joe Biden’s Issue (Solomon)
Sondland Reverses Himself On Ukraine (Pol.)
Ryanair Grounds Three Boeing 737s After Cracks Found (G.)
Boeing Whistleblower Raises Doubts Over 787 Oxygen System (BBC)
The Recession In The Auto Industry Is Tanking The Global Economy (ZH)
China Signs Nearly 200 Deals For New Silk Road Projects (RT)

 

 

The BBC turns on Andrew?

ABC Stopped Jeffrey Epstein Report ‘Amid Palace Threats’ (BBC)

Leaked footage shows a US TV anchor complaining that editors “quashed” a story about paedophile Jeffrey Epstein due to pressure from the Royal Family. ABC’s Amy Robach is seen in the clip griping that her interview with an alleged victim of Epstein and Prince Andrew never made it to air. “The Palace found out,” she says, “and threatened us a million different ways.” An ABC news executive said there was “zero truth” to the assertion. Epstein, a wealthy and well-connected financier, was found dead in a jail cell in August while awaiting trial for sex crimes. His death was ruled a suicide by investigators. In the video, Ms Robach vents frustration that her 2015 interview with Virginia Giuffre – formerly Virginia Roberts – was never broadcast.

The clip was leaked on Tuesday by Project Veritas, a group that seeks to expose perceived liberal bias in the mainstream media. Ms Giuffre, 35, alleges she was abused by Epstein and was ordered to have sex with powerful men including Prince Andrew, the Duke of York. In court documents she said she was forced to have sex with the British royal on three separate occasions while she was under the legal age of consent. Prince Andrew has denied having “any form of sexual contact or relationship” with Ms Giuffre. In 2015, a judge ruled that the allegations made by Ms Giuffre regarding Prince Andrew were “immaterial and impertinent” and ordered them to be removed from a claim against Epstein.

“I’ve had this story for three years. I’ve had this interview with Virginia Roberts,” says Robach, speaking to someone off-camera. “We would not put it on the air. First of all, I was told, ‘who’s Jeffrey Epstein? No one knows who that is. This is a stupid story.’ “Then the Palace found out that we had her whole allegations about Prince Andrew and threatened us a million different ways. “We were so afraid that we wouldn’t be able to interview Kate and Will. “That also quashed the story,” the host of ABC’s 20/20 programme added. Robach also says that the interview included allegations against former US President Bill Clinton. “We had everything,” she continues. “I tried for three years to get it on, to no avail. “And now it’s all coming out and it’s like these new revelations and I freaking had all of it.”

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“They’re fine airing the allegations against Brett Kavanaugh, or [President Donald] Trump, or anybody else, but when it comes to Bill Clinton and some of these folks who are mentioned by Amy in this hot mic tape, they say they just didn’t have enough corroboration..”

MSM Execs Part Of ‘Network Of People’ That Covered For Epstein – O’Keefe (RT)

ABC and other mainstream media outlets refused to cover accusations against sex predator Jeffrey Epstein because “a network of people” that includes their executives were implicated, James O’Keefe of Project Veritas told RT. The Disney-owned network has doubled down on its insistence that anchor Amy Robach’s story on Epstein three years ago lacked “enough corroboration” and thus wasn’t aired. This was after Project Veritas released a “hot mic” video of Robach slamming the decision to quash the story. The conservative filmmaker told RT on Tuesday that he believes ABC’s refusal to budge from that explanation backs up Robach’s claim that “a network of people” – including the executives running her channel – are “covering up for this” because they are somehow “implicated.”

Robach had interviewed Epstein’s alleged sex slave Virginia Roberts Giuffre and other victims and claimed to have pictures and other proof to back up her story. The never-aired exposé was such a bombshell that it provoked intimidating calls from “the [UK royal] palace, which threatened [ABC] a million different ways,” and Epstein lawyer Alan Dershowitz – and the media establishment, O’Keeffe said, is very susceptible to such threats. Mainstream media’s decisions to suppress major stories like Epstein or the allegations of sexual assault against Hollywood producer Harvey Weinstein have contributed to a wholesale abandonment of trust in the media by the American people, O’Keeffe continued.

“It’s quite telling that this insider leaked this tape to Project Veritas and not the Washington Post, New York Times, CBS or CNN, because they seem to want to protect the people that were working with Jeffrey Epstein,” he added. They’re fine airing the allegations against Brett Kavanaugh, or [President Donald] Trump, or anybody else, but when it comes to Bill Clinton and some of these folks who are mentioned by Amy in this hot mic tape, they say they just didn’t have enough corroboration,” O’Keefe said, recalling that Robach had specifically mentioned that “we had [Bill] Clinton.”

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The advantages of silencing Assange: people can claim anything at all that would support any claim at all no matter how absurd. Assange and Wikileaks have denied any link to Stone, and he himself has too. But it no longer matters with Julian locked up in solitary. And now they use Stone’s empty braggadocio in an actual trial?!

Literally nothing in this report from NPR is true. But who cares anymore?

Roger Stone, Trump Friend And Alleged Tie To WikiLeaks, Faces Trial (NPR)

Stone and some of his associates may have been links in a chain that connected Trump in New York City with WikiLeaks founder Julian Assange in London, who at the time had confined himself in the Ecuadorian Embassy there. Assange, in turn, was in contact with Russia’s military intelligence agency, the GRU, which had stolen a trove of embarrassing material from political targets in the United States. WikiLeaks released many of those emails and other documents with disruptive effects on political life in the U.S. — and enjoyed public encouragement by Trump and his campaign. What Mueller’s investigation revealed was how much Trump and aides worked to get more.


The campaign built into its plans the expectation that there would be more damaging revelations about Hillary Clinton, and Trump’s campaign bosses also sought contact with some people connected with the interference over the course of the election season. Charging documents in Stone’s case describe a message from one of Stone’s contacts depicting the person in a photo taken outside the Ecuadorian Embassy — implying that he’d visited Assange — and other messages in which Stone and associates discuss the prospect of more “dumps” from WikiLeaks.

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Solomon rules.

Amid 2016 Election, State Dept Saw Burisma As Joe Biden’s Issue (Solomon)

In recent interviews, Joe Biden has distanced himself from his son’s work at a Ukrainian gas company that was under investigation during the Obama years, with the former vice president suggesting he didn’t even know Hunter Biden served on the board of Burisma Holdings. There is plenty of evidence that conflicts with the former vice president’s account, including Hunter Biden’s own story that he discussed the company once with his famous father. There also was a December 2015 New York Times story that raised the question of whether Hunter Biden’s role at Burisma posed a conflict of interest for the vice president, especially when Joe Biden was leading the fight against Ukrainian corruption while Hunter Biden’s firm was under investigation by Ukrainian prosecutors.

But whatever the Biden family recollections, the Obama State Department clearly saw the Burisma Holdings investigation in the midst of the 2016 presidential election as a Joe Biden issue. Memos newly released through a Freedom of Information Act lawsuit filed by the Southeastern Legal Foundation on my behalf detail how State officials in June 2016 worked to prepare the new U.S. ambassador to Ukraine, Marie Yovanovitch, to handle a question about “Burisma and Hunter Biden.” In multiple drafts of a question-and-answer memo prepared for Yovanovitch’s Senate confirmation hearing, the department’s Ukraine experts urged the incoming ambassador to stick to a simple answer. “Do you have any comment on Hunter Biden, the Vice President’s son, serving on the board of Burisma, a major Ukrainian Gas Company?,” the draft Q&A asked.

The recommended answer for Yovanovitch: “For questions on Hunter Biden’s role in Burisma, I would refer you to Vice President Biden’s office.” The Q&A is consistent with other information flowing out of State. As I reported yesterday, when a Burisma representative contacted State in February 2016 to ask for the department’s help in quashing the corruption allegations, Hunter Biden’s role on the company’s board was prominently cited. And a senior State Department official who testified recently in the impeachment proceedings reportedly told lawmakers he tried to warn the vice president’s office that Burisma posed a conflict for Joe Biden but was turned aside. There are no laws that would have prevented Hunter Biden from joining Burisma, even as his father oversaw Ukraine policy for the President Obama..

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400 pages means hours and hours of testimony, but he ‘forgot’ to mention the one thing he knew very well was key to it all? And now, after talking to “the right” people, he suddenly remembers? I’d give Sondland an F- on credibility.

Sondland Reverses Himself On Ukraine (Pol.)

In his revised testimony, released Tuesday by House impeachment investigators, Sondland said that during a Sept. 1 meeting in Warsaw, Poland, Ukrainian President Volodymyr Zelensky raised his concerns to Vice President Mike Pence about the suspension of military aid. Sondland, Trump’s ambassador to the European Union, added that he later told Andriy Yermak, a top Ukrainian national security adviser, the aid would be contingent on Trump’s desired investigations. “After that large meeting, I now recall speaking individually with Mr. Yermak, where I said that resumption of U.S. aid would likely not occur until Ukraine provided the public anti-corruption statement that we had been discussing for many weeks,” Sondland wrote in his addendum, which was released alongside a nearly 400-page transcript of his testimony.


Sondland revealed the exchange in supplemental testimony he submitted to House impeachment investigators on Monday, saying he had failed to recall the episode when he testified in person last month. Sondland, who had a direct line to Trump and was a major donor to his 2016 presidential campaign, had previously indicated he was unaware of any effort to connect military aid to Trump’s demand for politically motivated investigations. Sondland was eager to maintain that public posture, even with other U.S. officials working on Ukraine policy. Eight days after privately telling Yermak that military aid was contingent on Trump’s desired investigations, Sondland wrote in a text message to William Taylor, the top U.S. diplomat in Ukraine, that Trump had been “crystal clear” that there was no quid pro quo involving military aid and publicly announced investigations.

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It’s all over now, baby blue.

Ryanair Grounds Three Boeing 737s After Cracks Found (G.)

At least three Ryanair Boeing 737s have been grounded due to cracks between the wing and fuselage but this was not disclosed to the public, the Guardian can reveal. The budget Irish airline is the latest to be affected by faults in the “pickle fork” structure, which has sparked an urgent grounding of 50 planes globally since 3 October. While other airlines, such as Australia’s Qantas and America’s Southwest, have disclosed the number of their planes affected by the cracks, Ryanair – which operates the largest fleet of 737s in Europe – has previously refused to confirm how many of its planes have been affected. Last Thursday, the airline told the Irish Times it “does not expect” the global pickle fork issue would “have any impact upon our operations or fleet availability”.


The Guardian can now reveal three of their planes have been affected by the issue. It is understood that experts do not regard the presence of the cracks as a safety issue as long as appropriate checks are carried out. The grounded planes have the registration numbers EI-DCL, EI-DAL and EI-DCJ. All three are more than 15 years old. Flight tracking site Flight Aware shows that DCL and DAL are both currently in a known plane repair site, the Southern California Logistics Airport in Victorville, California. The third plane, DCJ, is in storage at Stansted airport in London. A copy of internal Ryanair engineering logs, seen by the Guardian, lists all three as having “pickle fork cracks”. “AOG [aircraft on ground] – R/H pickle fork crack – on repair in VCV [Victorville],” the logs for DAL read.

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Boeing’s response and defense: “safety, quality and integrity are at the core of Boeing’s values”. Maybe try another line next time.

Boeing Whistleblower Raises Doubts Over 787 Oxygen System (BBC)

A Boeing whistleblower has claimed that passengers on its 787 Dreamliner could be left without oxygen if the cabin were to suffer a sudden decompression. John Barnett says tests suggest up to a quarter of the oxygen systems could be faulty and might not work when needed. He also claimed faulty parts were deliberately fitted to planes on the production line at one Boeing factory. Boeing denies his accusations and says all its aircraft are built to the highest levels of safety and quality. The firm has come under intense scrutiny in the wake of two catastrophic accidents involving another one of its planes, the 737 Max.

Mr Barnett, a former quality control engineer, worked for Boeing for 32 years, until his retirement on health grounds in March 2017. From 2010 he was employed as a quality manager at Boeing’s factory in North Charleston, South Carolina. This plant is one of two that are involved in building the 787 Dreamliner, a state-of-the-art modern airliner used widely on long-haul routes around the world. Despite early teething problems following its entry into service the aircraft has proved a hit with airlines, and a useful source of profits for the company. But according to Mr Barnett, 57, the rush to get new aircraft off the production line meant that the assembly process was rushed and safety was compromised. The company denies this and insists that “safety, quality and integrity are at the core of Boeing’s values”.

In 2016, he tells the BBC, he uncovered problems with emergency oxygen systems. These are supposed to keep passengers and crew alive if the cabin pressurisation fails for any reason at altitude. Breathing masks are meant to drop down from the ceiling, which then supply oxygen from a gas cylinder. Without such systems, the occupants of a plane would rapidly be incapacitated. At 35,000ft, (10,600m) they would be unconscious in less than a minute. At 40,000ft, it could happen within 20 seconds. Brain damage and even death could follow.

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Best news ever for the climate movement.

The Recession In The Auto Industry Is Tanking The Global Economy (ZH)

The global economy continues to grind to a halt and the culprit has never been clearer: the auto industry. For the better part of almost 2 years now, we have been reporting monthly on marked slowdowns in key auto markets like China, North America and Europe. Now, the slowdown in this massive industry is what’s helping spur an overall global economic slowdown, according to FT. The reaches of the auto market go deep, with long supply chains and large consumption of raw materials, textiles, chemicals and electronics. The industry is home to millions of jobs and last year, the sector shrank for the first time since the global financial crisis. The IMF is estimating that this fall in output accounted for more than 25% of the slowdown in the global economy between 2017 and 2018.


The sector may also be responsible for up to 33% of the slowdown in global trade growth over the same period, the IMF said. Gian Maria Milesi-Ferretti, deputy director of the IMF’s research department said: “The car sector has been weighing heavily on manufacturing activity and growth.” And the fund’s forecast of a small lift in global trade in 2020 is dependent on a recovery in the auto sector. Conversely, the fund’s analysis also notes the potential further damage that could occur if the auto sector becomes the focus of the ongoing U.S./China trade war.

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But who pays? And in what currency?

China Signs Nearly 200 Deals For New Silk Road Projects (RT)

China’s trillion-dollar Belt and Road Initiative (BRI), also known as “One Belt, One Road,” has already attracted nearly 170 participants, Chinese President Xi Jinping has announced, vowing to further develop the project. “To date, China has signed 197 documents on Belt and Road cooperation with 137 countries and 30 international organizations,” he said in the opening speech at the China International Import Expo in Shanghai on Tuesday. The development of the initiative, which is aimed at boosting trade connections across the world and linking China with other countries, is a central part of plans to open up the Chinese market, according to Xi.


Other proposed measures include boosting investment and imports, lowering tariffs, developing free-trade zones, improving business environment as well as deepening bilateral and multilateral cooperation. “Standing at a new historical starting point, China will open its door only wider to the world,” Xi stated, calling for other countries to “stand firm against protectionism and unilateralism.” The ambitious BRI, launched in September 2013 by President Xi, could cost Beijing up to $1.3 trillion by 2027, according to Morgan Stanley’s estimates.

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Mar 042019
 


Robert Frank London 1951-52

 

US, China Said To Appear Close To Deal To Roll Back Tariffs (R.)
Beijing To Encourage ‘Shadow’ Lending To Boost Growth – China Economist (CNBC)
Beijing Locked Down For China’s Greatest Political Spectacle (G.)
Huawei: Meng Wanzhou Sues Canadian Government Over Arrest (AP)
May Accused Of £1.6bn Brexit ‘Bribe’ Over New Fund For Deprived Towns (Ind.)
Russia Tells US It Is Ready For Bilateral Talks On Venezuela (R.)
Roger Stone Suggests In Instagram Post Robert Mueller ‘Framed’ Him (CNBC)
Donald Trump Facing Major New Investigation Into ‘Abuse Of Power’ (Ind.)
America’s Trust In Mainstream Media Hits Rock Bottom (SCF)
Trump Blames Timing Of Cohen Testimony For Collapse Of Kim Jong-Un Summit (G.)
US Voters Overwhelmingly Reject “Socialists” And Candidates “Over 75” (ZH)
Carpocalypse Now: We’re In The Endgame For Cars (BI)
Toxic Agrochemicals And Regulators’ Collusion With Industry (OffG)
Endangered Fruit Bats ‘Being Driven To Extinction’ In Mauritius (Ind.)

 

 

Can’t wait to see the details

US, China Said To Appear Close To Deal To Roll Back Tariffs (R.)

The United States and China appear close to a deal that would roll back U.S. tariffs on at least $200 billion worth of Chinese goods, as Beijing makes pledges on structural economic changes and eliminates retaliatory tariffs on U.S. goods, a source briefed on negotiations said on Sunday. U.S. President Donald Trump and Chinese President Xi Jinping could seal a formal trade deal at a summit around March 27 given progress in talks between the two countries, the Wall Street Journal reported on Sunday. In an eight-month trade war, the United States has imposed punitive tariffs on $250 billion worth of imports from China, while Beijing has hit back with tariffs on $110 billion worth of U.S. goods, including soybeans and other commodities.

The actions have roiled financial markets, disrupted manufacturing supply chains and reduced U.S. farm exports. Trump administration officials have said they expect the two presidents to “close” a deal at a summit in coming weeks at Trump’s Mar-a-Lago estate in Florida. The source briefed on the talks said that no dates for a summit had been determined, but that Beijing had reserved a 10-day window from around March 20 for a possible summit. Many details still needed to be worked out, including the terms of an enforcement mechanism to ensure that Beijing follows through on pledges to make changes to policies to better protect U.S. intellectual property, end forced technology transfers and curb industrial subsidies.

Another source familiar with the talks said that Washington and Beijing were close to agreement on non-enforcement issues, including China’s pledges to increase purchases of farm, energy and manufactured products, as well as six agreements on structural policy changes.

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Xiang Songzuo is the same economist who is December said Chinese GDP growth was just 1.67%. But openly saying that Xi is selling his soul to the shadows is quite the statement again. How’s that linked to the tariffs deal?

Beijing To Encourage ‘Shadow’ Lending To Boost Growth – China Economist (CNBC)

After tamping down on shadow banking in the last few years, China will now likely encourage such lending to boost economic growth, a Chinese economist told CNBC on Monday ahead of the country’s annual parliamentary session. “The top agenda of (the) NPC this year is to design policies to prevent further decline (of growth rate),” said Xiang Songzuo, professor at Renmin University in Beijing, referring to the National People’s Congress, which kicks off on Tuesday. “I think this year, regulators will encourage more shadow banking financing, particularly to the private sector,” said Xiang, who was previously a deputy director at the People’s Bank of China and chief economist at the Agricultural Bank of China.

Shadow banking refers to activities performed by financial firms outside the formal banking sector, and therefore subject to lower levels of regulatory oversight and higher risks. According to Xiang, Chinese officials have moved from talking about cutting debt to stabilizing the economy. China’s GDP target last year was around 6.5%. Sources have told Reuters that Beijing will likely set a growth target of between 6.0 to 6.5% in 2019. Shadow banking is “coming back,” Xiang said. In addition to spending more on infrastructure, Beijing will also need to stimulate the economy through lending, particularly to the private sector, he added. [..] Beijing will need to tread a tightrope as it faces the dilemma of what increased shadow lending could bring, said Xiang. “On the one hand, they need shadow banking to finance investment; but on the other hand, they (need to) try to control the potential risks,” he added.

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Orwell lives!

Beijing Locked Down For China’s Greatest Political Spectacle (G.)

China’s largest political event of the year, a meeting of legislative delegates and political advisers known as the “two sessions”, gets under way this week and comes at a time when Chinese leader Xi Jinping faces one of the most challenging periods since coming to power. Thousands of delegates will descend on the Great Hall of the People in Beijing while authorities go into overdrive to prevent any semblance of dissent during the two weeks of meetings of the 3,000-strong National People’s Congress (NPC) , and the Chinese People’s Political Consultative Conference (CPPCC), an advisory body. Xi faces public scrutiny against the backdrop of a slowing Chinese economy, a bruising trade war with the US, heightened international concern over Chinese tech firm Huawei, and growing global criticism over Chinese policies in Xinjiang.

[..] Debate among delegates, scholars, and political observers will be even more constrained this year. Notices ahead of the meeting instruct party members on the “right way to build the party” banning over-the-top praise of the party as well as criticism. “People can’t talk normally, and now even this kind of expression is forbidden. It shows this is a very sensitive period,” said Zhang Lifan, a historian based in Beijing who follows elite Chinese politics. “I’m afraid party committees have taken many preventive measures, to prevent any sensitive speech that can lead to a chaos during the meeting.” He believes discussion of economic issues and the trade war are inevitable. “I think there will still be some ways of talking about the political system, not in direct ways, but using the economy,” he said.

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This will hurt Canada much more than the US.

Huawei: Meng Wanzhou Sues Canadian Government Over Arrest (AP)

Meng Wanzhou, the chief financial officer of Chinese technology company Huawei, is suing the Canadian government, its border agency and the national police force over her high-profile detention. Meng claims they detained, searched and interrogated her before telling her she was under arrest. Lawyers for Meng said on Sunday they had filed a notice of civil claim in the British Columbia supreme court. Canada arrested Meng, the daughter of Huawei’s founder, at the request of the US on 1 December at Vancouver airport. US prosecutors will accuse her of misleading banks about the company’s business dealings in Iran. Meng’s lawsuit alleges that instead of immediately arresting her, authorities interrogated her “under the guise of a routine customs” examination and used the opportunity to “compel her to provide evidence and information”.

The suit also claims Canada Border Service Agency agents seized her electronic devices, obtained passwords and unlawfully viewed the contents and intentionally failed to adviser her of the true reasons for her detention. The suit said only after three hours was she told she was under arrest and had right to counsel. “This case concerns a deliberate and pre-meditated effort on the part of the defendant officers to obtain evidence and information from the plaintiff in a manner which they knew constituted serious violations of the plaintiff’s rights,” the claim says. Meng has been released on bail and is living in Vancouver awaiting extradition proceedings.

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25 days. Desperation creeps in. May is bribing Labour MPs.

May Accused Of £1.6bn Brexit ‘Bribe’ Over New Fund For Deprived Towns (Ind.)

The government has been accused of “bribing” MPs to back Theresa May‘s Brexit deal after announcing a new £1.6bn fund to help deprived towns. The “Stronger Towns Fund“ will offer investment to places that have not benefited from economic growth as much as other parts of the country, ministers said. The government said the money would be used to create jobs, train local people and boost investment, but critics said it was an attempt to convince Labour MPs in Leave-voting areas to back Ms May’s withdrawal agreement, and was not enough to offset the impact of Brexit. £1bn of the funding will be allocated to areas across the country, with more than half going to towns in the north of England. The other £600m will be available for local authorities to bid for.

Of the money being directly allocated by the government, the north west will receive the most, with £281m, followed by the west Midlands (£212m) and Yorkshire and the Humber (£197m). Announcing the fund, Ms May said: ”For too long in our country prosperity has been unfairly spread. Our economy has worked well for some places but we want it to work for all communities. “Communities across the country voted for Brexit as an expression of their desire to see change – that must be a change for the better, with more opportunity and greater control. “These towns have a glorious heritage, huge potential and, with the right help, a bright future ahead of them.”

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Doubt that Bolton is interested.

Russia Tells US It Is Ready For Bilateral Talks On Venezuela (R.)

Russia is ready to take part in bilateral talks with the United States over the issue of Venezuela, Russia’s foreign minister told his U.S. counterpart late on Saturday. The situation in Venezuela was the main topic in a phone call between Foreign Minister Sergei Lavrov and U.S. Secretary of State Mike Pompeo that took place on March 2, Russia’s foreign ministry said on its website. “In connection with Washington’s proposal to hold bilateral consultations on the Venezuelan topic, it was stated that Russia is ready to participate in this,” the ministry said in a statement.

It was “vital to be strictly guided by the principles of the UN Charter since only the Venezuelan people have the right to determine their future,” the statement said. Russia and the United States have been at loggerheads over a U.S.-led campaign for international recognition of Juan Guaido, the Venezuelan opposition leader who declared himself the interim head of state, over President Nicholas Maduro. In the phone call, initiated by the United States, Lavrov condemned the threats that Washington made towards “the country’s lawful leadership,” the ministry said, referring to Maduro.

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You can’t put Stone under quasi house arrest and expect him to be quiet. He’ll end up doing crazy stuff.

Roger Stone Suggests In Instagram Post Robert Mueller ‘Framed’ Him (CNBC)

Roger Stone on Sunday suggested he has been “framed” by special counsel Robert Mueller in an Instagram post that appeared to run afoul of a judge’s barely week-old gag order barring President Donald Trump’s longtime friend from criticizing the prosecutors in the criminal case against him. Stone deleted the only image in that multi-image post that included “Who framed Roger Stone” language shortly after CNBC emailed his lawyer to ask about it. Stone’s post was put online less than 48 hours after the judge, Amy Berman Jackson, ordered lawyers for the admitted Republican “dirty trickster” to explain why they did not tell her earlier about the planned publication of a book by Stone that could violate her gag order on him.

Stone announced on Instagram in January that he was coming out with the book, “The Myth of Russian Collusion: The Inside Story of How Trump Really Won.” In her gag order in U.S District Court in Washington, D.C., Jackson barred Stone from “making statements to the media or in public settings about the Special Counsel’s investigation or this case or any of the participants in the investigation or the case.” The gag extends to “posts on Facebook, Twitter, Instagram or any other form of social media.” If Stone violates the order, Jackson could order him jailed without bail until his trial.

Stone’s new post is comprised of a rotating series of images that ask for money to support Stone’s defense to charges that he lied to Congress and tampered with a witness. One says, “I am committed to proving my innocence. But I need your help.” Another photo, which shows a young Stone standing behind Trump years ago, says, “I’ve always had Trump’s back. Will you have mine?” Two other images tout a “Roger Stone Did Nothing Wrong” t-shirt and “Stone Cold Truth” sweatshirt.

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Nadler, Schiff, Mark Warner, they’re on a publicity tour to keep collusion alive just as it’s dying.

Donald Trump Facing Major New Investigation Into ‘Abuse Of Power’ (Ind.)

The US House Judiciary Committee will launch a probe into possible obstruction of justice and abuse of power by Donald Trump. Jerry Nadler, who chairs the committee, told ABC that the panel wanted to obtain documents from more than 60 people and entities as part of the investigation. Documents from Donald Trump Jr, the president’s son and Allen Weisselberg, the Trump Organization’s chief financial officer, are among those wanted by the panel. “We are going to initiate investigations into abuses of power, into corruption … and into obstruction of justice,” Mr Nadler said. “It’s our job to protect the rule of law.” “It’s very clear that the president obstructed justice,” he said. But the congressman added that it was too soon to consider the possibility of impeachment.

“Before you impeach somebody, you have to persuade the American public that it ought to happen,” he said. The politician said the committee would release the full list of people and organisations it would be seeking information from on Monday. He said that the president’s firing of James Comey, who at the time was leading an investigation into Russia’s alleged interference in the 2016 US election, was evidence of Mr Trump’s obstruction. The congressman also cited what he described as Mr Trump’s attempts to intimidate witnesses involved in the probe. “I am an innocent man being persecuted by some very bad, conflicted & corrupt people in a Witch Hunt that is illegal & should never have been allowed to start,” Donald Trump said on Twitter, in response to the announcement. “Despite this, great success!”

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Gee, how can it be?

America’s Trust In Mainstream Media Hits Rock Bottom (SCF)

Things are going from bad to worse for the US legacy media as its trust credentials have reached an all-time new low, as if that were possible. It has even achieved a lower trust rating than lawyers and members of Congress. The introduction to the CJR poll provided the following ominous opening: “For decades, we’ve known that Americans don’t trust the press. What we haven’t known is how people view the makings of journalism, from the use of fact checkers and anonymous sources to the question of whether money skews journalistic decision-making. This new national poll for CJR answers those questions, and points to how big the trust gap remains.” Indeed, the cynicism on the street should have every mainstream media purveyor in a state of absolute panic.

In one particular finding, it was revealed that many news consumers believe that reporters, seemingly in an effort to push forward with a political agenda, are too quick to run with a story before knowing all of the facts. This has never been more true before than in the Trump era where anything goes, so long as it trashes conservatives. We have just witnessed ample proof of that media tendency in several high-profile cases. This week, attorneys for Nick Sandmann, a student from Covington Catholic High School, filed a lawsuit against the Washington Post, seeking $250 million in damages for negligence. Sandmann and his fellow students became the target of false accusations of racism during a trip to Washington, D.C.

The mainstream media, as well as many politicians and celebrities, pushed the story that the young student, a Trump supporter, had taunted an elderly Native American Indian near the Lincoln Memorial. The story quickly fell apart, however, after video of the encounter and eyewitness accounts destroyed the media version of events. Attorneys for the boy claim that the Bezos-owned newspaper “wrongfully targeted and bullied Nicholas because he was the white, Catholic student wearing a red ‘Make America Great Again’ souvenir cap on a school field trip to the January 18 March for Life in Washington, D.C.” Todd McMurtry, one of the attorneys for the Catholic student, called the Washington Post “a weaponized news outlet that used its power and strength to destroy Nick Sandmann’s reputation.”

[..] When asked how much confidence they had in the media, almost 70 percent of Republican respondents answered “hardly any confidence at all,” while just 25 percent of Democrats held a similar opinion.

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Well, not entirely; he merely named it as a factor.

Trump Blames Timing Of Cohen Testimony For Collapse Of Kim Jong-Un Summit (G.)

US president Donald Trump has blamed that the Democrats’ decision to interview his longtime fixer, lawyer Michael Cohen, on the same day as a meeting with Kim Jong-un for the fact that the North Korea summit ended with no deal. “For the Democrats to interview in open hearings a convicted liar & fraudster, at the same time as the very important Nuclear Summit with North Korea, is perhaps a new low in American politics and may have contributed to the ‘walk.’” Trump said on Twitter, referring to his decision to walk away from what he previously said was a bad deal with Kim. “Never done when a president is overseas. Shame!” Last week in Hanoi, Trump and Kim met for the second time to try to negotiate a deal that would surrender some of North Korea’s nuclear weapons arsenal in return for sanctions relief. After talks fell apart over the issue of sanctions, Trump told a media conference “sometimes you have to walk”.

At the same time in Washington, Trump’s former aide Cohen was testifying before the US House of Representatives’ oversight committee, accusing Trump of ordering his personal attorney to make threats for him about 500 times over the past 10 years. He also called the president a liar, racist and conman. When asked about Cohen’s testimony at a press conference on Thursday in Hanoi after Trump had abruptly decided to end the summit with Kim early, the president called the allegations “incorrect” and criticised the decision to have the hearing while he was away. “I tried to watch as much as I could,” Trump said. “I wasn’t able to watch too much because I’ve been a little bit busy, but I think having a fake hearing like that and having it in the middle of this very important summit is really a terrible thing.”

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It doesn’t get more obvious.

US Voters Overwhelmingly Reject “Socialists” And Candidates “Over 75” (ZH)

[..] in the latest indication that the odds in the general election would be heavily stacked against Bernie, an NBC/Wall Street Journal poll revealed that only 25% of respondents ranked “socialist” as a desirable trait for a candidate. And only 37% said “someone over 75” would be a desirable candidate, according to Bloomberg. Meanwhile, more voters said they would accept a candidate who was gay or a lesbian, or an Independent under the age of 40. Critically, the survey showed that 41% of voters would definitely or likely vote for Trump in 2020, while 48% said they would probably vote for the Democratic candidate. But, in a possible silver lining for Sanders and his “political revolution”, 55% of voters said they would support a candidate who would implement major changes (as Trump did), vs. 42% who said they wouldn’t.

“We’re getting early signals from Democratic primary voters that they are looking for bigger change and someone who agrees with them on policy,” said Bill McInturff, a Republican pollster who worked on the survey. Republicans in the White House, Congress and in the media have made “socialism” a significant point of attack as the election draws closer, ripping proposals for expanded access to Medicare, the so-called Green New Deal, and other Democratic priorities. And though only 41% of respondents said they would support Trump in 2020, a majority said they had a favorable view of the Trump economy, and few expect a recession in the coming year. “As long as these economic numbers look like this, that always keeps an incumbent president in the race,” McInturff said.

[..] only 38% of respondents said they would support a third-party candidate in 2020. Meanwhile, Trump’s approval rating ticked higher in January from 43% to 46%. [..] Trump’s approval rating ticked up to 46 percent from 43 percent in January. He had the support of 88 percent of Republicans. Thirty-seven percent of GOP primary voters said they’d like to see another Republican challenge Trump in 2020, while 59 percent said they were opposed to that.

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I’m all for ending teh scourge that cars have become. But why do we need a bunch of US investors for that? And do these people realize that we won’t pay for the upkeep of the roads once we ditch our cars? It’s going to be public transport, not Lyft cars.

Carpocalypse Now: We’re In The Endgame For Cars (BI)

The founders of the ride-sharing app Lyft filed their IPO papers last week, and their vision for the company is dramatic. Lyft (which works a bit like Uber) is not just about getting you from A to B, they say. Rather, founders Logan Green and John Zimmer believe that car ownership is in permanent decline and they want to help it die, they write in their S-1 filing. “We believe that the world is at the beginning of a shift away from car ownership to Transportation-as-a-Service, or TaaS. Lyft is at the forefront of this massive societal change,” they told investors.

“Car ownership has … economically burdened consumers. US households spend more on transportation than on any expenditure other than housing. … On a per household basis, the average annual spend on transportation is over $9,500, with the substantial majority spent on car ownership and operation.” Cars create “inequality,” they argue. “The average cost of a new vehicle in the United States has increased to over $33,000, which most American households cannot afford,” the IPO says. “We estimate over 300,000 Lyft riders have given up their personal cars because of Lyft.”

• Car sales in Britain declined 18.2% in January. It was the eighth successive month of decline. • Sales in Turkey declined 60%. •Europe-wide, sales are down around 6%. • In the US, total car registrations have declined by about 10% • Tire sales – a proxy for vehicle production – are down in China, too.

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The power of Bayer and Monsanto will make us commit collective suicide.

Toxic Agrochemicals And Regulators’ Collusion With Industry (OffG)

Dr Mason had been writing to the European Chemicals Agency (ECHA), the European Food Safety Authority (EFSA) and the EU Commission for an 18-month period, challenging them about ECHA’s positive assessment of glyphosate. Many people around the world had struggled to understand how and why the US EPA and the EFSA concluded that glyphosate is not genotoxic (damaging to DNA) or carcinogenic, whereas the World Health Organisation’s cancer agency, the IARC, came to the opposite conclusion. The IARC stated that the evidence for glyphosate’s genotoxic potential is “strong” and that glyphosate is a probable human carcinogen. While IARC referenced only peer-reviewed studies and reports available in the public literature, the EPA relied heavily on unpublished regulatory studies commissioned by pesticide manufacturers.

In fact, 95 of the 151 genotoxicity assays cited in the EPA’s evaluation were from industry studies (63%), while IARC cited 100% public literature sources. Another important difference is that the EPA focused its analysis on glyphosate in its pure chemical form, or ‘glyphosate technical’. The problem with that is that almost no one is exposed to glyphosate alone. Applicators and the public are exposed to complete herbicide formulations consisting of glyphosate plus added ingredients (adjuvants). The formulations have repeatedly been shown to be more toxic than glyphosate in isolation. The European Ombudsman has now rejected Rosemary Mason’s complaint who has in turn written a 25-page response documenting the wide-ranging impacts of glyphosate-based Roundup and other agrochemicals on human health and the environment.

She also outlines the various levels of duplicity that have allowed many of these chemicals to remain on the commercial market. Mason is led to conclude that, due to the rejection of her complaint (as with others lodged by her to the Ombudsman), the European Ombudsman Office is also part of the problem and is essentially colluding with European pesticide regulatory authorities. Mason has addressed this concern directly to Emily O’Reilly, who currently holds the post of European Ombudsman: “In your rejection of all my complaints over the last few years, it is clear that The Ombudsman’s Office is protecting the European pesticides regulatory authorities, who are in turn being controlled by the European Glyphosate Task Force…. You have turned a blind eye to the authorisation of many of the toxic pesticides that are on the market today because industry is being allowed to self-regulate.”

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The things that must be turned around. We’ve gone much too far.

“The bats – also known as flying foxes – are resorting to eating in orchards to survive because only 5 per cent of Mauritius’s native forests remain..”

Endangered Fruit Bats ‘Being Driven To Extinction’ In Mauritius (Ind.)

Scientists are suing the Mauritian government for “driving endangered fruit bats towards extinction”, after mass culls killed at least half their population. More than 50,000 of the animals are thought to have been killed in three culls since 2015, in an attempt to protect fruit in orchards. The bats – also known as flying foxes – are resorting to eating in orchards to survive because only 5 per cent of Mauritius’s native forests remain, animal experts warned. Fruit bats are vital for biodiversity as they pollinate flowers and scatter seeds, enabling trees and plants to grow and spread, according to conservationists. But populations of the flying foxes have fallen by more than 50 per cent in four years, said Vincent Florens, an ecologist at the University of Mauritius. Some believe fewer than 30,000 now remain.

Tigga Kingston, a biologist and bat specialist for the International Union for Conservation of Nature, said the fewer animals remain, the more vulnerable they will be to natural disasters, disease and habitat loss, leading to extinction. Britain’s Bat Conservation Trust has pleaded for the culls to end, citing research that found they accounted for only 10 per cent of fruit plant damage. The first cull, in 2015, killed 30,000, and in a second cull, the following year, 7,380 were targeted. The IUCN then raised the bats’ status from vulnerable to endangered. But the latest cull involved 13,000. Prof Florens said he believed the number killed is much higher than the 50,300 government figure. “The culls took place late in the year, when many mothers were pregnant or had babies,” he told National Geographic. “You shoot one bat and basically kill two.” Others were likely to have been injured and died later, he said.


At least 50,000 fruit bats have been culled in Mauritius since they have been forced to survive on orchard fruits because of deforestation (iStock )

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