Rosenstein Archives - The Automatic Earth

We’re in a communication vacuum. or maybe that should read: two separate vacuums. Even townhalls are not townhalls anymore. Everyone’s a liar, and everyone’s a winner.

$10 million a year. And then some.

• Hunter Biden Tried To Cash In Big On Behalf Of Family With Chinese Firm (NYP)

Hunter Biden pursued lucrative deals involving China’s largest private energy company — including one that he said would be “interesting for me and my family,” emails obtained by The Post show. One email sent to Biden on May 13, 2017, with the subject line “Expectations,” included details of “remuneration packages” for six people involved in an unspecified business venture. Biden was identified as “Chair / Vice Chair depending on agreement with CEFC,” an apparent reference to the former Shanghai-based conglomerate CEFC China Energy Co. His pay was pegged at “850” and the email also noted that “Hunter has some office expectations he will elaborate.”

In addition, the email outlined a “provisional agreement” under which 80 percent of the “equity,” or shares in the new company, would be split equally among four people whose initials correspond to the sender and three recipients, with “H” apparently referring to Biden. The deal also listed “10 Jim” and “10 held by H for the big guy?” Neither Jim nor the “big guy” was identified further. The email’s author, James Gilliar of the international consulting firm J2cR, also noted, “I am happy to raise any detail with Zang if there is [sic] shortfalls ?” “Zang” is an apparent reference to Zang Jian Jun, the former executive director of CEFC China. The email is contained in a trove of data that the owner of a computer repair shop in Delaware said was recovered from a MacBook Pro laptop that was dropped off in April 2019 and never retrieved.

Tucker Burisma

They did. And nothing happened.

• House GOP Asks If FBI Had Hunter Biden Laptop During Trump Impeachment (Fox)

House Republicans are calling on the FBI to reveal whether it was in possession of a laptop that reportedly contained emails by Hunter Biden during the impeachment of President Trump — and claiming the agency committed a “gross error in judgement” if it did not inform the White House. “If the FBI was, in fact, in possession of this evidence and failed to alert the White House to its existence that would have given even more weight to the president’s legal defense, this was a gross error in judgement and a severe violation of trust,” the letter says. The letter was signed by 19 House Republicans, including Reps. Andy Biggs, R-Ariz.; Louie Gohmert, R-Texas; Debbie Lesko, R-Ariz.; and Jody Hice, R-Ga.

The letter was written after the New York Post published emails suggesting that Hunter Biden introduced his father to a top executive at Ukrainian natural gas firm Burisma Holdings in 2015 — one year before his father allegedly pressured the country’s government to fire a prosecutor who had launched an investigation into the company. The Post reported that the FBI was in possession of the laptop on which the emails were found in December 2019 — right in the middle of the impeachment of President Trump over remarks he made to the Ukrainian president about Biden’s conduct in the country.

[..] “A large portion of the president’s legal defense case revolved around strong evidence that former Vice President Biden’s son Hunter was peddling his influence to his father to land lucrative jobs overseas that he might not have otherwise been qualified for,” the letter says. The lawmakers ask whether the FBI was in possession of the laptop and drive as documented in the Post, whether it took steps to authenticate the drive and the data, and if anyone at the FBI briefed officials at the Department of Justice or White House after December.

Tucker Enjeti
https://twitter.com/i/status/1316547616239353856

A Burisma PR firm was listening in on the call. WTF?

• Obama Conference Call Leaked To Burisma: Biden Emails (NYP)

The Obama administration let a Democratic p.r. company that worked for Ukrainian energy firm Burisma take part in a conference call about an upcoming visit to Ukraine by then-Vice President Joe Biden, emails obtained by The Post show. An associate at Blue Star Strategies then emailed a memo with minutes of the conference call hosted by the White House to a top Burisma executive, Vadym Pozharskyi, as well as to Joe Biden’s son Hunter and Hunter’s business partner, Devon Archer, both of whom sat on Burisma’s board. The trip, in December 2015, turned out to be the one during which Biden later bragged about forcing Ukrainian officials to fire a state prosecutor who was investigating Burisma by threatening to withhold a $1 billion US loan guarantee.

The memo, sent shortly after the Dec. 2, 2015, call, also “outlined the trip’s agenda and addressed several questions regarding US policy toward Ukraine.” Blue Star has said it began working for Burisma and contacting Ukrainian officials on its behalf in November 2015, and an email shows that on Nov. 18, 2015, Pozharskyi sent the Blue Star contract to Hunter Biden, Archer and Eric Schwerin, president of the Rosemont Seneca Partners investment firm. Hunter Biden and Archer were among RSP’s founders, along with former Secretary of State John Kerry’s stepson, Christopher Heinz, Reuters has reported. “Could you kindly have BS countersign it and forward back to me?” Pozharskyi wrote. “I am kindly asking you to schedule either a conf call or advise us as to the foreseen action plan for November-December 2015, and if anything has been already done by BS, could kindly you ask them to share with us this information?”

Didn’t you just deny this yesterday?

• Biden Campaign: VP May Have Had ‘Informal’ Meeting With Burisma Exec (DW)

The campaign for Democratic presidential nominee Joe Biden admitted that it’s possible that Biden may have met with an executive for Burisma, a Ukrainian energy company, during his time as vice president when his son was a board member of the company. The Biden campaign released a statement condemning reporting from the New York Post that revealed an email alleging that Biden’s son Hunter brokered a meeting between his father and Vadym Pozharskyi, an adviser to Burisma’s board. The campaign ruled out any official meetings between Pozharskyi and the former vice president but could not say that the two never met.

“We have reviewed Joe Biden’s official schedules from the time and no meeting, as alleged by the New York Post, ever took place,” Biden campaign spokesman Andrew Bates told Politico. “Investigations by the press, during impeachment, and even by two Republican-led Senate committees whose work was decried as ‘not legitimate’ and political by a GOP colleague have all reached the same conclusion: that Joe Biden carried out official U.S. policy toward Ukraine and engaged in no wrongdoing. Trump administration officials have attested to these facts under oath.” Despite the strong condemnation, Bates could not say for certain that Vice President Biden and Pozharskyi did not meet in an informal setting, however.

They always had the power. And now they’re using it. But when Twitter suspended the Trump campaign and blocked the House Judiciary, that may have been a step too far.

• Twitter, Facebook Protecting Biden After Execs Join Transition Team (ZH)

As if anyone needed more evidence of Silicon Valley’s overt political bias – just weeks before Twitter and Facebook nuked Biden corruption revelations from their platforms with the intensity of a thousand suns, executives from both companies joined the Biden transition team. [..] Perhaps the selective enforcement of content which is politically harmful to Democrats can be explained by recent hires by the Biden transition team. According to Breitbart, Twitter Public Policy Director Carlos Monje left the social media giant to join Biden’s transition team in September. He will reportedly serve as co-chair of Biden’s infrastructure policy committee, and helped organize a fundraiser for the former VP this week, according to an invitation from Politico.

Monje has worked in the world of presidential transition politics in the past, previously serving as the director of agency review on the team that prepared for Secretary of State Hillary Clinton’s administration, which failed to take flight. Monje also worked on the Obama administration team’s 2008 national security working group according to his LinkedIn profile. Monje also acted as deputy policy director during Obama’s first run for office and subsequently served as a senior policy advisor and special assistant to the president on the Domestic Policy Council. Monje’s final years in the administration were spent in the Transporation Department before he departed for Twitter. -Breitbart

Meanwhile in October, Biden’s transition team hired Facebook executive Jessica Hertz to its general counsel to deal with ‘ethics’ issues. Notably, Facebook was the first platform to ban the Post article – with former Democrat staffer and Facebook communications team member Andy Stone tweeting that the company would be ‘reducing its distribution.’

“Evidence shows that on The Walking Dead’s rallies, there are more people from the Biden bus and reporters than flesh-and-blood Dem voters. ”

• POTUS Punk vs. Dem Dementia (Escobar)

All manner of polls are circulating like whirling dervishes. Most highlight myriad Dem paths to victory and an inexorable Highway to Hell for Trump. A poll by The Economist gives Joe “Walking Dead” Biden a whopping 91% chance – remember Hillary in 2016? – of winning the Electoral College. A Dem-fueled consensus is emerging that Trump – relentlessly depicted as a deranged, lunatic proto-fascist who’s bad for business worldwide – will dispute results in any Republican-led state which he may narrowly lose, as in Arizona, Florida, Michigan, North Carolina, Pennsylvania and Wisconsin. Yet on the campaign trail, it’s a completely different story. Evidence shows that on The Walking Dead’s rallies, there are more people from the Biden bus and reporters than flesh-and-blood Dem voters.

The Biden-Harris campaign, demonstrating its matchless P.R. skills, spins these rallies as campaign secrets. Team Trump’s long-shot strategy seems to have been unveiled by the President himself: “We are going to be counting ballots for the next two years (…) We have the advantage if we go back to Congress. I think it’s 26 to 22 or something because it’s counted one vote per state.” That was a reference to the 12th Amendment to the Constitution: if state electors can’t agree on a president, the decision goes to the House. And then each of the 50 states gets one vote. So picture small GOP-controlled states such as Alaska, North Dakota, South Dakota, and Wyoming (each with one Republican in the House) having the same weight as California (52 members in the House, 45 of them Democrats.)

Advantage Trump: as it stands, it’s indeed 26 to 22, with two – Pennsylvania and Michigan – basically tied. Internal GOP polls show that while the Biden-Harris campaign is not knocking on any doors, Trump volunteers have actually swarmed no less than 20 million homes in swing states. Combine it with a new Gallup Poll showing that 56% of Americans state they are better off now under Trump than four years ago under Obama/Biden. Call it the return of “It’s the economy, stupid.” The Trafalgar Group – which correctly called the 2106 election – bets that Trump narrowly wins the Electoral College with 275 votes.

JPMorgan’s top quant Marko Kolanovic has exhaustively mapped changes in voter registration to dismiss virtually every poll showing a Dem sweep. This implies that Trump may well end up winning the Holy Trinity: Pennsylvania (20 votes), Florida (29 votes) and North Carolina (15 votes). And to top it off, something more exotic than a black hole eating a star has happened in this October Surprise-laden week: CNN decided to practice real journalism and eviscerated Nancy Pelosi on camera. That may be quite a bad omen for President-in-Waiting Kamala Harris, who very few remember was forged as the heir to the Obama-Pelosi axis in a secret meeting in the Hamptons way back in the summer of 2017.

@Jack is expected on Capitol Hill next week.

• Facebook, Twitter Cross Line Far More Dangerous Than What They Censor (IC)

In sum, the two Silicon Valley giants, with little explanation, united to prevent the sharing and dissemination of this article. As Los Angeles Times reporter Matt Pearce put it, “Facebook limiting distribution is a bit like if a company that owned newspaper delivery trucks decided not to drive because it didn’t like a story. Does a truck company edit the newspaper? It does now, apparently.” That the first amendment right of free speech is inapplicable to these questions goes without saying. That constitutional guarantee restricts the actions of governments, not private corporations such as Facebook and Twitter. But glibly pointing this out does not come close to resolving this controversy. That actions by gigantic corporations are constitutional does not mean that they are benign.

State censorship is not the only kind of censorship. Private-sector repression of speech and thought, particularly in the internet era, can be as dangerous and consequential. Imagine, for instance, if these two Silicon Valley giants united with Google to declare: henceforth we will ban all content that is critical of President Trump and/or the Republican Party, but will actively promote criticisms of Joe Biden and the Democrats. Would anyone encounter difficultly understanding why such a decree would constitute dangerous corporate censorship? Would Democrats respond to such a policy by simply shrugging it off on the radical libertarian ground that private corporations have the right to do whatever they want? To ask that question is to answer it.

To begin with, Twitter and particularly Facebook are no ordinary companies. Facebook, as the owner not just of its massive social media platform but also other key communication services it has gobbled up such as Instagram and WhatsApp, is one of the most powerful companies ever to exist, if not the most powerful. In June, the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law launched an investigation into the consolidated power of Facebook and three other companies — Google, Amazon and Apple — and just last week issued a sweeping report which, as Ars Technica explained, found: “Facebook outright “has monopoly power in the market for social networking,” and that power is “firmly entrenched and unlikely to be eroded by competitive pressure” from anyone at all due to “high entry barriers—including strong network effects, high switching costs, and Facebook’s significant data advantage—that discourage direct competition by other firms to offer new products and services.”

Bit too many screenshots would be needed. See the original.

• Weissmann Made Rosenstein Take Ownership of Michael Flynn Targeting (sundance)

On June 3, 2020, former Deputy Attorney General Rod Rosenstein appeared before the Senate Judiciary Committee to discuss his role in how Main Justice was operating while Andrew Weissmann’s special counsel was in charge. What he said in that hearing never quite made sense until yesterday. Those who closely followed the arc of the Weissmann/Mueller investigation; and those who joined us in following that investigation; already knew the SCO was in complete control from May 2017 to April 2019. Everything taking place inside the DOJ in the two years of the Mueller/Weissmann probe was completely and unequivocally controlled by the Weissmann team. Few journalists have ever grasped the ramifications of that control.

That control included every release and non-release of information during their two year tenure. However, Rosenstein’s tone when questioned about the scope memos he authorized during the special counsel time-frame was very odd in that June hearing. Rosenstein had a very guilty conscience and it was on full display as he attempted to justify his action. You see, there was always a missing scope memo from October 20, 2017, that no-one in the DOJ ever discussed. The nature of the scope memo was mentioned by Weissmann and Mueller in part of their Russia report; but until yesterday it was hidden. Here is the only mention of the October 20, 2017, scope memo prior to yesterday:

As you can see above the special counsel’s office used that October 20th scope memo to expand their investigative authorities. Specifically the second redacted name is very important because this specific memo authorized Andrew Weissmann to target Michael Flynn Jr as pressure to coerce a guilty plea from Lt. Gen. Michael Flynn a month later. During his apologetic senate testimony Rosenstein told congress he never questioned the authority of the special counsel team and never once questioned their “investigative process“, those are his words. Additionally, Rosenstein testified he signed all the scope memos because he felt it was his “responsibility” to facilitate the SCO needs regardless of what they requested; and every request was considered an “investigative process” by him.

Yesterday the mysteriously avoided October 20, 2017, scope memo was finally released to Catherine Herridge from the Senate Homeland Security Committee (Chairman Ron Johnson). Within the scope memo we can now see exactly what reference point Rosenstein was carrying during his June testimony. The scope memo was written by the special counsel’s office and the last page shows the motive and intent of Weissmann’s crew. Notice the tone and direction of the memo as that aspect also conveys a message; and do not overlook the specific phrase “jointly undertaken activity.” That approach was used by the SCO to target Flynn Jr.:

“The gains Gilead experienced in the stock market during the pandemic have all but dissipated.”

• Antiviral Drug Remdesivir Proves Ineffective In Treating COVID19 – WHO (F.)

The antiviral drug remdesivir had little or no effect in treating patients hospitalized with Covid-19, according to a study that has not yet been peer reviewed, but was coordinated by the World Health Organization and released on Thursday, casting doubt on one of the few promising treatments for the coronavirus. Deeming it “the world’s largest randomized control trial on Covid-19 therapeutics,” the six-month long study of four drugs—remdesivir, hydroxychloroquine, lopinavir/ritonavir and interferon—proved “unpromising.” “The main outcomes of mortality, initiation of ventilation and hospitalization duration were not clearly reduced by any study drug,” the study reads. Over 11,000 adults across 30 countries and 405 hospitals were studied to come to these results.

Regimens involving the anti-malarial drug hydroxychloroquine have already been proven ineffective, but remdesivir appeared to be one of the few therapies to prove effective in combating Covid-19 symptoms. The WHO’s results come just a week after a study published in the New England Journal of Medicine that found remdesivir shortened the time of recovery for adults hospitalized with Covid-19. President Trump, who contracted Covid-19 and spent time at Walter Reed hospital upon suffering from symptoms, was administered remdesivir as part of his treatment. Remdesivir is the only specific drug with an emergency use authorization from the Food and Drug Administration. [..] The gains Gilead experienced in the stock market during the pandemic have all but dissipated. Its price rose as much as 29% since the start of the year before falling 3% below its position in January.

Contradictory messages are lethal for an organization like the WHO.

• WHO Europe Director Says Governments Should Stop Enforcing Lockdowns (PJW)

The World Health Organization’s Regional Director for Europe Hans Kluge says governments should stop enforcing lockdowns, unless as a “last resort,” because the impact on other areas of health and mental well-being is more damaging. In an interview with Euro News, Kluge cautioned against the imposition of more lockdowns unless they are “absolutely necessary.” “He says damage to other health areas, mental health, domestic violence, schools and cancer treatment is too great,” tweeted reporter Darren McCaffrey. Kluge’s warning matches that of the WHO’s special envoy on COVID-19, Dr David Nabarro, who recently told the Spectator in an interview that world leaders should stop imposing lockdowns as a reflex reaction because they are making “poor people an awful lot poorer.”

It also resonates with numerous other experts who have desperately tried to warn governments that lockdowns will end up killing more people than the virus itself, but have been largely ignored. Germany’s Minister of Economic Cooperation and Development, Gerd Muller, recently warned that COVID-19 lockdowns will result in “one of the biggest” hunger and poverty crises in history. “We expect an additional 400,000 deaths from malaria and HIV this year on the African continent alone,” Muller said, adding that “half a million more will die from tuberculosis.” Muller’s comments arrived months after a leaked study from inside the German Ministry of the Interior revealed that the impact of the country’s lockdown could end up killing more people than the coronavirus due to victims of other serious illnesses not receiving treatment.

Another study found that lockdowns will conservatively “destroy at least seven times more years of human life” than they save. Professor Richard Sullivan also warned that there will be more excess cancer deaths in the UK than total coronavirus deaths due to people’s access to screenings and treatment being restricted as a result of the lockdown. His comments were echoed by Peter Nilsson, a Swedish professor of internal medicine and epidemiology at Lund University, who said, “It’s so important to understand that the deaths of COVID-19 will be far less than the deaths caused by societal lockdown when the economy is ruined.” According to Professor Karol Sikora, an NHS consultant oncologist, there could be 50,000 excess deaths from cancer as a result of routine screenings being suspended during the lockdown in the UK.

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Laura Wolk. Powerful.

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Debt Rattle June 8 2020

Jun 082020

June 8, 2020 Posted by Raúl Ilargi Meijer at 11:26 am Finance Tagged with: bankruptcies, BLM, Buffalo, coronavirus, Covid19, Hillary, Minneapolis, New York, New Zealand, plasma, rejuvenation, Rosenstein, Senate, subpoenas, Texas 27 Responses »

Harris&Ewing Protest: “Congressional Union for Woman Suffrage” 1916

• New Zealand Has Eradicated Virus (AP)

• 800-Day Plan: Air New Zealand Warns Of More Job Cuts, Less Flights (R.)

• China Stats Accurate, Lockdown Makes Little Difference – Nobel Winner (RT)

• Coronavirus in Texas: Cases, Deaths and Tests (TT)

• Guatemala President To Work Remotely After 18 Staff Get Coronavirus (R.)

• US Bankruptcies Soar 48% In May (ZH)

• Major Corporations Scramble To Support Black Lives Matter (JTN)

• Minneapolis City Council Votes To Disband Police Force (AP)

• Buffalo Police ERT Members Say Resignation Was Not In Solidarity (WKBW)

• NYPD, City Hall Deny Police Brass Shake-Up (Pix11)

• 33 Russia Collusion Probe Witnesses The Senate Could Subpoena (Solomon)

• Hillary: How Can Anybody With Beating Heart, Working Mind Support Trump? (Ind.)

• Rep. Jordan: Not Surprising McCabe, Rosenstein Disagree

• Out With the Old Blood (Mitteldorf)

Worldometer has global new cases for June 7 (midnight to midnight GMT+0) at + 113,090.

My count from about 6 am EDT to 6 am EDT is about + 108,198 cases. But it was Sunday yesterday, and Brazil ceased providing stats. Let’s see tomorrow.

New cases past 24 hours in:

• US + 18,905
• Brazil + 18,375 (first day gov’t stats are unavailable)
• Russia + 8,985
• India + 11,412
• Pakistan + 4,728
• Chile + 6,405

• Cases 7,113,012 (+ 108,198 from yesterday’s 7,004,814)

• Deaths 406,549 (+ 3,884 from yesterday’s 402,665)

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

From Worldometer:

From COVID19Info.live: Note: COVID19Info global cases and deaths are now higher than Worldometer’s.

Friends, can someone check my logic Re: Masks?
Any error?
If so Masks could SOLVE the pandemic. I have been saying Masks are NECESSARY since Feb, didn't realize they could be SUFFICIENT! pic.twitter.com/2Gk8q3LPCb

— Nassim Nicholas Taleb (@nntaleb) June 7, 2020

(plane is almost empty, so 2 surgical)

— Nassim Nicholas Taleb (@nntaleb) June 7, 2020

Of course congrats are in order. But also for New Zealand things are far from solved, it’s an isolated place now.

• New Zealand Has Eradicated Virus (AP)

Prime Minister Jacinda Ardern said Monday she was confident New Zealand has halted the spread of the coronavirus after the last known infected person in the country recovered. It has been 17 days since the last new case was reported, while 40,000 have been tested in that time. And Monday also marked the first time since late February that there have been no active cases. Ardern also announced the Cabinet had agreed to another phase of the country’s reopening, to take place at midnight. “We are confident we have eliminated transmission of the virus in New Zealand for now, but elimination is not a point in time, it is a sustained effort,” she said at a news conference.

“We almost certainly will see cases here again, and I do want to say again, we will almost certainly see cases here again, and that is not a sign that we have failed, it is a reality of this virus. But if and when that occurs we have to make sure and we are, that we are prepared.” She said her government’s focus will be on the country’s borders, where isolation and quarantine will continue. Experts say a number of factors have helped the nation of 5 million wipe out the disease. Its isolated location in the South Pacific gave it vital time to see how outbreaks spread in other countries, and Ardern acted decisively by imposing a strict lockdown early in the outbreak. Just over 1,500 people contracted the virus in New Zealand, including 22 who died.

https://twitter.com/farmgeek/status/1269804429693169664

And congrats for Thailand too:

https://twitter.com/RichardBarrow/status/1269853178318577664

Quite optimistic.

• 800-Day Plan: Air New Zealand Warns Of More Job Cuts, Less Flights (R.)

Air New Zealand will be nimbler, fly fewer passengers and routes, and may cut more jobs as it targets a return to “healthy profits” by 2022, its chief executive said as he navigates the airline through the coronavirus crisis. Greg Foran laid out an 800-day plan to customers and staff under which the national flag carrier will look at how to further cut labour costs, including leave without pay, reduced hours or possibly laying off more people. “We must first survive, then revive and finally thrive,” Foran said in an email to staff and customers, as he forecast revenue for the next financial year to more than halve from recent levels. Shares of the airline surged 11 per cent to NZ$1.82, its highest in almost three months.

Airlines have slashed thousands of jobs and set aside cash for impairments on aircraft as the coronavirus damaged demand amid global lockdowns. Even as countries re-open, profits may be threatened by people refraining from travel and lower fares due to discounts. The International Air Transport Association (IATA) said last week that global airlines cut domestic fares by an average 23 per cent in May, and previously warned traffic would not return to pre-crisis levels until at least 2023. Foran envisions Air New Zealand will be 70 per cent of its pre-COVID-19 size by August 2022 and hinted at further layoffs as the second phase of a cost-cutting plan, to save around $NZ150 million began.

Well, the richest ones, those that can afford to quarantine dozens of people.

• Film-Makers Back To Work In New Zealand After Coronavirus (R.)

New Zealand’s capital has had an extra buzz of excitement over the past week since Hollywood director James Cameron and his crew flew in to film the much-anticipated sequel of the epic science-fiction film “Avatar”.The film is among a handful of productions kicking off in New Zealand as it begins to open up after containing the novel coronavirus, and looks to its film industry to give its battered economy a boost. New Zealand’s borders remain closed to foreigners but the government gave special permission for the 55 crew members working on the “Avatar” sequel to jet in on a chartered plane. “Certainly, the fact that we are able to start earlier than some countries is great, much as it’s distressing to see that the pandemic is still such a challenge around the world,” said Annabelle Sheehan, chief executive of the New Zealand Film Commission.

New Zealand’s mountains, meadows and forests, made famous by “The Lord of the Rings” trilogy, have drawn several major film productions over recent years. About 47 productions were underway when Prime Minister Jacinda Ardern imposed a tough lockdown on March 26 to stop the spread of the coronavirus. It was a great success and the virus has been almost eliminated in New Zealand, which could be among the first countries in the world to return to normal this week, apart from the closed border. Avatar producer Jon Landau posted a picture of himself and director Cameron after landing last week and said they would self-isolate for 14 days in line with government rules.

“Your country has become a leader in how to deal with something like this, and I think films will want to come,” Landau told Radio New Zealand in an interview, referring to the coronavirus campaign. With people around the world cooped up at home, pressure is on film-makers and other content creators to make new material and get it out. But what’s holding them back is the lack of safe places to work, industry experts say. Now New Zealand is an option. “We’ve had a few international enquiries and that’s on the back of our COVID-free status,” said Gary Watkins, chief executive of Wellington-based Avalon Studios, which was used for the filming of the 2017 Scarlett Johansson starrer “Ghost in the Shell” and will also help with the new “Avatar”.

Economic Development Minister Phil Twyford defended the decision saying the border was only open to a few foreigners who were important for projects with significant economic value. New Zealand’s film industry is worth more than NZ$3 billion a year. A six-month international film can create an estimated 3,000 jobs. “You only need a few international people coming to trigger thousands of jobs,” said Sheehan. And New Zealand needs the jobs. The government expects hundreds of thousands to be lost because of the coronavirus.

Some people just don’t care about credibility, and neither does the Nobel committee. What utter nonsense.

• China Stats Accurate, Lockdown Makes Little Difference – Nobel Winner (RT)

Challenging the widespread belief that the worldwide anti-coronavirus lockdown has helped in slowing down the disease spread, Stanford Professor Michael Levitt said that it’s actually made very little difference. Speaking to RT’s Going Underground, Nobel Prize-winning biophysicist Levitt said that there was no reason to doubt China’s official coronavirus figures, since its statistics are corresponding with the dynamics observed elsewhere. “What happened in China outside of Hubei is exactly the same dynamics of the curve as what happened in New Zealand,” Levitt stated. “If China is forging statistics, they must have a time machine. And if they have the time machine, they would’ve beaten us in any competition anyway.”

The lockdown measures that have been implemented across many countries worldwide were actually not that effective, the scientist believes. The vast majority of the disease transmissions actually occurred before the lockdowns went into force – and in many countries the people were not that eager to abide by the rules, making the restrictions even more useless. Levitt believes that the best strategy for the government would have been focusing on protecting the elderly population and let others move freely.

“This virus really does seem to be limiting. It gets to about 500 to 1,000 fatalities per million people and then it stops. And this we’ve seen at so many places. I don’t think that Northern Italy practiced wonderful social distancing, I don’t think that social distancing was practiced wonderfully in New York City,” he said. What happened is that the virus is most infectious and most dangerous before you actually know it’s there. Sweden, for instance, which has been harshly criticized for its laissez-faire approach to the pandemic, remains within the European averages – and even falls behind the worst-hit nations, such as Belgium and the UK. “Sweden has had a much milder lockdown than anybody. The predicted number for Sweden was around 60,000 [deaths]. Sweden looks like it’s going to stop at 6,000 at the most,” Levitt said.

This one is for the Automatic Earth’s resident physician Dr. John Day in Texas.

“74,978 Texans tested positive for the coronavirus as of June 7 — 1,425 more than the day before and 10,691 more than a week ago.”

• Coronavirus in Texas: Cases, Deaths and Tests (TT)

Gov. Greg Abbott is looking at two specific metrics to justify his decision to restart the Texas economy — the positive test rate and hospitalization levels. Here’s how the numbers changed in the first two weeks of May when Texas began reopening. On March 4, DSHS reported Texas’ first positive case of the coronavirus, in Fort Bend County. The patient had recently traveled abroad. A month later on April 4, there were 6,110 cases in 151 counties. As of June 7, there are 74,978 cases in 235 counties. The Tribune is measuring both the number of cases in each county and the rate of cases per 1,000 residents.

The rate of cases per 1,000 residents is especially high in the panhandle’s Moore County, where infections are tied to a meatpacking plant. The rate of cases is also high in counties with state prisons such as Walker and Jones. In other rural areas where the presence of the virus has yet to be confirmed, testing has been scarce.

On April 6, the state started reporting the number of patients with positive tests who are hospitalized. It was 1,153 that day and 1,878 on June 7. This data does not account for people who are hospitalized but have not gotten a positive test. As of mid-April, concerns that Texas hospitals would be unable to accommodate a surge of COVID-19 patients seem to have been assuaged. As he makes decisions about how quickly to restart the Texas economy, Abbott says he is watching the number of hospitalizations and the hospitalization rate — the proportion of infected Texans who require hospitalization. [..] The first death linked to the coronavirus in Texas occurred March 16 in Matagorda County. As of June 7, 1,830 people who tested positive for the virus have died.

Daily infection rateGov. Greg Abbott said he is watching the state’s infection rate — the percentage of positive cases to tests conducted. The average daily infection rate is calculated by dividing the 7-day average of positive cases by the 7-day average of tests conducted. This shows how the situation has changed over time by de-emphasizing daily swings. Public health experts want the daily infection rate to remain below 6%.

And while you're watching AZ … keep an eye on Utah and North Carolina, they are spiking too. Probably not far behind AZ in running out of hospital beds. https://t.co/H7SmqhybaQ pic.twitter.com/7UTDM6kYDU

— Jim Bianco (@biancoresearch) June 8, 2020

Makes you wonder how many are on his staff.

• Guatemala President To Work Remotely After 18 Staff Get Coronavirus (R.)

Guatemalan President Alejandro Giammattei said on Sunday that 18 employees at his office and on his security detail have tested positive for the novel coronavirus, so he will work remotely and the presidential offices will be disinfected. “I and the vice president will carry out our activities remotely. We’re healthy. We’ve been tested. We don’t have coronavirus,” Giammattei said in a televised address. The Central American country has registered 7,055 confirmed cases of coronavirus and 252 fatalities from the pandemic.

“An estimated $7.4 billion in rent for April hasn’t been paid (May numbers have yet to be released), or about 45% of what’s owed..”

• US Bankruptcies Soar 48% In May (ZH)

One month ago, when showing the uncanny correlation between defaults and the unemployment rates, we predicted that the number of Chapter 11 filings that is about to flood the US will be nothing short of biblical. All that was missing was a catalyst, one which according to Bloomberg arrived in late May as retail landlords started sending out thousands of default notices to tenants, who in turn experienced a collapse in foot traffic, sales and cash flow due to the COVID-19 pandemic, and were simply unable to pay their debt obligations. According to Bloomberg, restaurants, department stores, apparel merchants and specialty chains have been receiving notices from landlords – some of whom have gone as long as three months without receiving rent.

“The default letters from landlords are flying out the door,” said Andy Graiser, co-president of commercial real estate company, A&G Real Estate Partners. “It’s creating a real fear in the marketplace.” Pressure from default notices and follow-up actions like locking up stores or terminating leases was cited in the bankruptcies of Modell’s Sporting Goods and Stage Stores Inc. Many chains stopped paying rent after the pandemic shuttered most U.S. stores, gambling that they could hold on to some cash before landlords demanded payment. An estimated $7.4 billion in rent for April hasn’t been paid (May numbers have yet to be released), or about 45% of what’s owed, according to a recent analysis by CoStar Group, which also found that just a quarter of expected rent payments have been received by landlords.

“If the landlords don’t put a pause on their actions, you’re going to see more bankruptcies.” Last Thursday, these anecdotal reports were confirmed by the American Bankruptcy Institute which announced that as expected, corporate bankruptcies soared during May, pushing the number of filings to levels recorded in the wake of the 2007-09 recession. According to figures from legal-services firm Epiq Global, US bankruptcy courts recorded 722 businesses nationwide filing for chapter 11 protection last month, a yearly increase of 48% from 487 businesses in May of 2019. The surge was also seen on a month-over-month basis, which jumped by 28% from the 562 Chapter 11 filings in April.

In the same way that they all paint themselves green.

• Major Corporations Scramble To Support Black Lives Matter (JTN)

As protests and demonstrations against racism and police brutality drag on for another week across America, numerous corporations are scrambling to capitalize on the moment by donating to various Black Lives Matter organizations and allied causes, winning praise and sometimes sharp criticism for P.R. efforts that are by turns successfully deft and sometimes unfortunately clumsy. Corporations today appear to be keenly aware of the marketing benefits to striking that balance, which is likely why so many of them are hastily jumping on board with the current Black Lives Matter craze — some with success, others with more difficulty.

Uber Eats, the food delivery app of the rideshare company Uber, announced this week that black-owned businesses would have free delivery privileges on its system. Uber is suspending delivery fees for black-owned restaurants through the end of the year, the company said in a statement, and will also offer discounted rides to those who own and work at black-owned small businesses. Uber’s announcement was perfectly timed for both the political climate and the economic one: Most restaurants have been surviving on takeout alone over the last few months of coronavirus lockdowns, and owners are still depending heavily on takeaway business as reopenings progress slowly across the country.

Other companies have pledged substantial monetary donations for progressive and racially conscious causes. YouTube this week announced a $1 million donation “to address social injustice.” The company was not clear to what causes exactly it would be donating that money, the sum of which accounts for about 0.006% of the company’s yearly revenue of $15 billion. The clothing company Spanx, meanwhile — known for its undergarments that men and women wear to appear thinner — said in an Instagram post this week that it would be donating “$100,000 across national organizations focused on combating racial injustice: Black Lives Matter, NAACP Legal Defense and Education Fund and The Minnesota Freedom Fund.”

[..] It is not immediately evident what it means exactly to donate to “Black Lives Matter,” a mostly loosely organized movement of disassociated activists and protesters across the country and the world. The campaign’s nominal central authority does accept donations, though it is not evident how those funds are dispensed. The companies Ganni, Anastasia Beverly Hills, Pretty Little Thing and others all pledged to donate to Black Lives Matter, among other causes.

I sort of see why they would do it, I can even see a few ways that might make it work, but a lot more ways that won’t. And if the council president says: “Our efforts at incremental reform have failed, period.”, shouldn’t the council perhaps disband itself also?

• Minneapolis City Council Votes To Disband Police Force (AP)

A majority of the members of the Minneapolis City Council said Sunday they support disbanding the city’s police department, an aggressive stance that comes just as the state has launched a civil rights investigation after George Floyd’s death. Nine of the council’s 12 members appeared with activists at a rally in a city park Sunday afternoon and vowed to end policing as the city currently knows it. Council member Jeremiah Ellison promised that the council would “dismantle” the department. “It is clear that our system of policing is not keeping our communities safe,” Lisa Bender, the council president, said. “Our efforts at incremental reform have failed, period.” Bender went on to say she and the eight other council members that joined the rally are committed to ending the city’s relationship with the police force and “to end policing as we know it and recreate systems that actually keep us safe.”

[..] Community activists have criticized the Minneapolis department for years for what they say is a racist and brutal culture that resists change. The state of Minnesota launched a civil rights investigation of the department last week, and the first concrete changes came Friday in a stipulated agreement in which the city agreed to ban chokeholds and neck restraints. A more complete remaking of the department is likely to unfold in coming months. Disbanding an entire department has happened before. In 2012, with crime rampant in Camden, New Jersey, the city disbanded its police department and replaced it with a new force that covered Camden County.

The last person to disband the police was Sting.

— God (@TheTweetOfGod) June 7, 2020

“57 officers did *not* resign in solidarity with the officers who pushed over a 75-year-old causing brain injury. This turns out to be a lie from the police union.”

“We quit because our union said [they] aren’t legally backing us anymore. So why would we stand on a line for the City with no legal backing if something [were to] happen?”

• Buffalo Police ERT Members Say Resignation Was Not In Solidarity (WKBW)

“It went bad. It went bad.” Two officers of the Buffalo Police Department’s Emergency Response Team spoke with 7 Eyewitness News under the condition their names not be used. The officers are part of the 57-person volunteer assignment team that resigned Friday, following an incident involving two of their members Thursday night in Niagara Square. They did not resign from the police department, only from their roles on the team. The officers we spoke with said the Buffalo Police Benevolent Association’s statement asserting all 57 officers resigned from ERT in a “show of support” with the two officers that were suspended without pay is not true.

“I don’t understand why the union said it’s a thing of solidarity. I think it sends the wrong message that ‘we’re backing our own’ and that’s not the case,” said one officer with whom we spoke. “We quit because our union said [they] aren’t legally backing us anymore. So why would we stand on a line for the City with no legal backing if something [were to] happen? Has nothing to do with us supporting,” said another. A representative from the Buffalo Police Benevolent Association told 7 Eyewitness News Reporter Hannah Buehler the officers resigned in “disgust” with how the two officers were treated. “Some of them probably resigned because they support the officer,” said another officer with whom we spoke. “But, for many of us, that’s not true.”

“The City, DA Flynn, they’re not representing those guys at all. They have to find their own lawyers, they have to come out of pocket.” 7 Eyewitness News was not able to reach PBA president John Evans to confirm this information or get a response to several officers shooting down his assertions, but we did obtain an email sent to PBA members by Evans. It states, in part: “In light of this, in order to maintain the sound financial structure of the PBA it will be my opinion the PBA NOT to pay for any ERT or SWAT members legal defense related to these protests going forward. This Admin in conjunction with DA John Flynn and or JP Kennedy could put a serious dent in the PBA’s funds.”

Things are going to change one way or another.

• NYPD, City Hall Deny Police Brass Shake-Up (Pix11)

Text messages and Facebook posts went into overdrive Sunday in New York’s law enforcement community, with claims top leaders in the NYPD were either resigning or being asked to leave, with replacements ready to step in. “This is not true,” tweeted Freddi Goldstein, press secretary to Mayor Bill de Blasio. NYPD Deputy Commissioner Richard Esposito, over the phone, also said it wasn’t true. But we’re learning there are tensions behind the scenes about the specific fate of two police officers involved in confrontations with protesters in the last twelve days. Both of the cops were suspended without pay on Friday. One of them allegedly knocked down a female protester, Dounya Zayer, outside the Barclays Center in Brooklyn in the early days of the George Floyd protests.

Zayer said she suffered seizures, as a result. Another cop was seen on video pulling down the mask of a male demonstrator and spraying the man’s face with pepper spray. Multiple sources said there’s anger among the rank and file—and among some of the NYPD brass—about the Brooklyn District Attorney’s office considering criminal charges against the two officers. When PIX11 called a spokesman for the Brooklyn DA’s office Sunday evening, we were told, “We’re investigating both of these cases. It’s not true both are going to be arrested imminently. It might happen in the future.” The NYPD has dealt with a lot of turmoil in the last two weeks. “This is all about pandering to anti-cop sentiment,” said a former NYPD Deputy Commissioner.

Multiple police officers have been under siege during the protests, trying to fend off looters, brick and bottle throwers and the burning of NYPD vehicles. Officer Yayon Jean Pierre was stabbed in the neck last week while working an anti-looting post, and two other cops were shot in the hand. Several other officers have been hit by cars, one of them hurt seriously. Sergeant’s Benevolent Association President Ed Mullins, said his phone was exploding with calls about behind-the-scenes clashes between the NYPD and City Hall. “The losers in this are not going to be the cops,” Mullins said. “It’s going to be the public.” Mullins said he didn’t believe the protests were continuing because of the NYPD. “I think it’s about overthrowing the presidency,” he said.

Again: storm warning. The “left” will try and label it all political. But if that fails, where are they?

• 33 Russia Collusion Probe Witnesses The Senate Could Subpoena (Solomon)

Senate Homeland Security and Governmental Affairs Chairman Ron Johnson, Wis., now has the authority to subpoena the agencies and individuals he wants to interrogate or to turn over documents. Senate Judiciary Committee Chairman Lindsey Graham hopes to get his subpoena power this week. [..] The scope of the subpoenas suggests a far-reaching inquiry. For instance, the FBI will be asked to surrender “all records related to the Crossfire Hurricane investigation. This includes, but is not limited to, all records provided or made available to the Inspector General of the U.S. Department of Justice for its review that resulted in the report ‘Review of Four FISA Applications and Other Aspects of the FBI’s Crossfire Hurricane Investigation’; and all records related to requests to the General Services Administration (GSA) or Office of the Inspector General of GSA for presidential transition records from November 2016 through December 2017.”

The State Department will be asked to produce records of its contacts with Christopher Steele, the former MI6 operative who penned the unverified dossier that was used by the bureau as essential evidence in pursuing the case. And the DNI will be asked for all records related to the Obama administration’s unmasking of Trump campaign and transition figures in intelligence intercepts. The list of individuals that Johnson’s committee is seeking to question or seek documents from includes some familiar figures in the controversy, like fired FBI Director James Comey, ex-FBI Counsel James Baker, fired FBI Special Agent Peter Strzok and his paramour, the former FBI lawyer Lisa Page, Obama Director of National Intelligence James Clapper, former CIA Director John Brennan and former Obama National Security Adviser Susan Rice, whose final email on the day she left office about President Obama’s dealings in the Russia probe has stoked great intrigue.

Senate investigators plan to delve into discrepancies in stories between Comey and Brennan over the intelligence community assessment that Russia tried to help Trump win the 2016 election and Comey and Clapper over who briefed President Obama in early January 2017 about a sensitive intercept of a conversation between incoming Trump National Security Adviser Michael Flynn and the Russian ambassador to Washington. One of the most anticipated witnesses is Bill Priestap, the former FBI assistant director of counterintelligence, who supervised Strzok’s Russia investigation and interacted often with former FBI deputy director Andrew McCabe.

Did you know that in addition to being the President of Russia, Vladimir V. Putin is also a computer wizard who can personally "hack the vote" in the upcoming Presidential Election? That's what I'm learning in the @nytimes: https://t.co/iSqVMWIhG1 pic.twitter.com/DiMKTHMsmj

— Aaron Maté (@aaronjmate) June 8, 2020

The NYT literally fired their editorial page editor because he dared publish an op-ed that Leftists disagreed with.

The totalitarian Left will brook no dissent. To hell with Free Speech—we are Pravda.

New York Times: founded as an actual newspaper 9/18/1851.

Died: 6/7/2020. https://t.co/YIzBihdhtO

— Ted Cruz (@tedcruz) June 8, 2020

In other words: half the country are deplorables. Same issue, same question she asked in 2016. Never learned a single thing.

• Hillary: How Can Anybody With Beating Heart, Working Mind Support Trump? (Ind.)

Former Secretary of State Hillary Clinton spoke out about her 2016 presidential rival Donald Trump, calling his time in office a “failure” and questioning how anyone could continue to support him. Speaking to the Los Angeles Times, Ms Clinton lashed out at President Donald Trump, criticising his leadership and characterising him as uncaring and incompetent. “What has been so surprising to me is how he can barely make an effort to rise to the occasion. I truly don’t think he can get out of his own way. Everything always has to be about him,” Ms Clinton said. She said Mr Trump tried to ignore the coronavirus pandemic until he was forced to address it, after which she claims he tried to turn the pandemic response into a “daily rally.”

Regarding the murder of George Floyd and the subsequent protests against police brutality and systemic racism in the US, Ms Clinton suggested she had initially hoped that Mr Trump was going to respond with empathy, but that it quickly became clear that wasn’t going to be the case. “He doesn’t have even the minor amount of empathy to fake it, to look like he is concerned, and he reverts to the belligerence and the threat-making and the photo-opping, all the tried and true tactics that feed his need for control and dominance and attention,” Ms Clinton said. Of Mr Trump’s “photo-opping,” his appearance at St John’s Church near the White House – and the tear gassing of protesters to clear the path for the president – has become one of the many flashpoints in the George Floyd protests.

“It was beyond my comprehension. We have never seen anything like this,” she said. “He is without shame. It is a mystery why anybody with a beating heart and a working mind still supports him.” She said that despite the fact that Mr Trump’s character was apparent during the election, even she wasn’t prepared for the degree to which the president would shuck norms. “So much of what we’re seeing now, sadly, was known about Trump and the kind of people who were loyal to him. But it turned out to be even worse than what I thought it would be,” she said. “Despite having my own front-row seat and being concerned about his character and behaviour, he has gone further and broken more norms and undermined our institutions more deeply than I thought would have been possible in such a short period of time.”

No, no problem, that would be great!!!@GenFlynn @JosephJFlynn1 @BarbaraRedgate @GoJackFlynn @SidneyPowell1 https://t.co/bPkOKUKvu8

— MaryFlynnONeill⭐️⭐️⭐️ (@flynn_neill) June 8, 2020

New Lincoln Project ad:

“All of the architects of the Iraq War think Donald Trump is unfit for office”

— Greg Price (@greg_price11) June 7, 2020

If that is true then why was the scope memo created in August of 2017 to look for Russian collusion from Carter Page, George Papadopoulos and Paul Manafort? pic.twitter.com/bU31wpjrfh

— CrossFireJazz (@ZZZJazzy) June 7, 2020

Jordan hasn’t had the best of times either.

• Rep. Jordan: Not Surprising McCabe, Rosenstein Disagree

It’s not surprising that former FBI Director Andrew McCabe and ex-Deputy Attorney General Rod Rosenstein disagree about the events surrounding the Russia probe, Rep. Jim Jordan said Thursday. “Somebody is not telling the truth because former FBI counsel Jim Baker told us when we deposed him last Congress, in the Judiciary Committee, that Rod Rosenstein was serious about wearing a wire and using the 25th Amendment to try to remove President [Donald] Trump from office,” the Ohio Republican told Fox News’ “Fox and Friends.” “Somebody is not being square and I guess maybe when you are engaged in this kind of wrongdoing which happened at the upper levels of the FBI, maybe it’s tough to keep your story straight.”

McCabe on Wednesday accused Rosenstein of lying about ex-FBI Director James Comey’s memos about his meetings with Trump. Rosenstein testified to the Senate Judiciary Committee that McCabe should have told him sooner about the Comey documents, reports Fox News. “Mr. Rosenstein’s claims to have been misled by me, or anyone from the FBI, regarding our concerns about President Trump and the Trump campaign’s interactions with Russia are completely false,” McCabe said in a statement Wednesday. Rosenstein signed the Foreign Intelligence Surveillance Act application to surveil former Trump campaign aide Carter Page, named Bob Mueller as special counsel, and broadened the scope of the Russia investigation, Jordan pointed out.

“The guy who did all of that now says there wasn’t anything there,” said Jordan. “That’s what we have been saying for three years … yet Rosenstein names Bob Mueller as a special counsel and puts our country three years of what we went through. That’s why people are upset about this and that’s why we have got to get to the bottom of it all.”

Colin Powell, who lied to the entire world about WMDs in Iraq, paving the way for an illegal war that killed and displaced millions of innocents, gave rise to ISIS, and destabilized the Middle East, is actually out here today lecturing us about lies. https://t.co/qDNyZK1Lrx

— Sarah Abdallah (@sahouraxo) June 7, 2020

Intriguing. Made me think of Einstein love of simplicity.

Diluting the blood of mice with saline/albumin rejuvenates them.

Original paper: Rejuvenation of three germ layers tissues by exchanging old blood plasma with saline-albumin

• Out With the Old Blood (Mitteldorf)

There is great promise in 2020 that we might be able to make our bodies young without having to explicitly repair molecular damage, but just by changing the signaling environment. Do we need to add signals that say “young” or remove signals that say “old”? Does infusion of biochemical signals from young blood plasma rejuvenate tissues of an old animal? Or are there dissolved signal proteins in old animals that must be removed? For a decade, Irena and Mike Conboy have been telling us removal of bad actors is more important. But just last month, Harold Katcher reported spectacular success by infusing a plasma fraction while taking away nothing. Then, last week, the Conboys came back with a demonstration of the rejuvenating power of simple dilution.

They simply replaced half of the blood plasma in 2-year-old mice with a saline solution containing 5% albumin. What is albumin? Blood plasma is chock full of dissolved proteins, about 10% by weight. About half of these are termed albumin. Albumin is the generic portion. It doesn’t change through the lifetime. It doesn’t carry information by itself. But albumin transports nutrients and minerals through the body. The Conboys took care to show that albumin has no rejuvenation power on its own, and had nothing to do with their experimental results. Rather, they had to replenish albumin in diluting blood, because the animals would be sickened if half their albumin were removed. Replacing the albumin in a transfusion is akin to replacing the volume of water or maintaining the salinity.

In preparation for this experiment, the Conboys have invested years in miniaturizing the technology for blood transfusions, so that mice can be subjected to the same procedures that are commonplace in human hospitals. The Conboy lab replaced 50% of mouse blood plasma. They got spectacular results with a single treatment, based on a lucky guess. They have not yet experimented with 30% or 70%. They don’t know yet how long the treatment will last and how long it needs to be repeated. As with previous papers from the Conboy lab, the group focused on repair and stem cell activity as evidence of a more youthful state. Three separate tissue samples were taken from liver, muscle, and brain. “Muscle repair was improved, fibrosis was attenuated, and inhibition of myogenic proliferation was switched to enhancement; liver adiposity and fibrosis were reduced; and hippocampal neurogenesis was increased.”

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

Thank you.

Fact: Huawei is 99% owned by the Huawei Investment Holdings Trade Union Committee with less than 500 employees (not Huawei Technologies) which is under the umbrella of the All China Federation Trade Union headed by a Xi loyalist who cleaned up Sichuan and Chengdu after Bo Xilai https://t.co/tfJ84ZiRLX

— Cartogropher Balding 大老板 (@BaldingsWorld) June 8, 2020

ICYMI: A Siberian zoo that closed its doors to visitors for over two months says the lockdown has encouraged a baby boom among its animals https://t.co/VpfesKNtZN pic.twitter.com/CCnuPthZ1z

— Reuters (@Reuters) June 8, 2020

Elmer Fudd has singlehandedly solved the US gun problem:

Support the Automatic Earth in virustime.

Debt Rattle June 5 2020

Jun 052020

June 5, 2020 Posted by Raúl Ilargi Meijer at 11:12 am Finance Tagged with: Abenomics, coronavirus, Covid19, ECB, HCQ, McCabe, Pakistan, Rosenstein, Russia, sickening, South East Asia, Trump, virus strains 23 Responses »

DPC On the beach, Coney Island 1907

• After Pakistan’s Lockdown Gamble, COVID19 Cases Surge (R.)

• Most COVID-19 Cases In BC Have Strains From Europe And Eastern Canada (CBC)

• Authors Retract Influential Lancet Article That Found HCQ Risks (R.)

• ECB Gives Another Shot Of Stimulus As Economy Reels (R.)

• Japan’s Household Spending Falls At Record Pace As Virus Stalls Economy (R.)

• China Can’t Take Over US Security Presence in SE Asia: Singapore PM (SCMP)

• US Schools Lay Off Hundreds Of Thousands, Setting Up Lasting Harm To Kids (R.)

• Medical Martial Law: Liberalism’s Final Capitulation (Pear)

• Trump Fires Back At Critics Murkowski, Mattis And Kelly (JTN)

• Rosenstein Slams McCabe, Obstruction Theories, 1000 Former Prosecutors (Turley)

• The Hunt For The Origins Of The Russia Collusion Narrative (JTN)

Seen a whole new bunch of utterly sickening videos again. As I said a few days ago, nothing has changed with policing in the US other than that now everyone has a camera.

But i don’t think it’s much use to post all that mindless violence here.

Worldometer puts global new cases for June 4 at + 129,990. A new record. The increase in cases warrants much more attention than it gets.

New cases past 24 hours in:

• US + 22,406
• Brazil + 31,890
• Russia + 8,831
• India + 9,908
• Chile + 4,664
• Pakistan + 3,895
• Mexico + 4,442

New daily highs in Covid-19 cases and deaths for India, Brazil, South Africa, and Mexico.

Another 20,000+ cases and another 1,000+ dead in the United States.

Worldometer puts global new deaths for June 4 at + 5,499.

• Cases 6,724,096 (+ 127,595 from yesterday’s 6,596,501)

• Deaths 393,553 (+ 5,132 from yesterday’s 388,421)

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

From Worldometer:

From COVID19Info.live:

Happy Nonfarm Payroll Friday Eve!

My hats off to Ellen Zentner’s group at ⁦@MorganStanley⁩

They’ve been spot on with their payrolls forecasts thus far. Let’s see if their winning streak continues.

⁦@SoberLook⁩ pic.twitter.com/ecVN84Hmey

— Danielle DiMartino Booth (@DiMartinoBooth) June 5, 2020

A curious initiative.

Today we launch #IPAC #standtogether pic.twitter.com/bt19tb3bVB

— Inter-Parliamentary Alliance on China (@ipacglobal) June 4, 2020

Taleb principles

Pakistan may be more inclined towards lifting a lockdown due to its poverty, but the cost will in the end almost certainly be much higher because of it, both in economic terms and in lives.

• After Pakistan’s Lockdown Gamble, COVID19 Cases Surge (R.)

Four weeks ago, with its most important festival coming up and millions of people facing starvation as economic activity dwindled, Pakistan lifted a two-month-long coronavirus lockdown. Prime Minister Imran Khan has said despite rising infections and deaths, the country would need to learn to “live with” the virus to avert pushing tens of millions living on daily wages into destitution. Now, a Reuters review of government data shows over 20,000 cases of the virus were identified in the three weeks before the lockdown was lifted, and more than double that figure were identified in the three weeks since. To be sure, testing rates have also increased. But of those tested, the daily average of positive results climbed from on average 11.5% in the three weeks before the lockdown was lifted, to 15.4% on average in the subsequent three weeks.

The ratio is around 23% this week, according to the data. Pakistan has officially identified over 80,000 cases of COVID-19, with 1,770 confirmed deaths. “Those numbers are concerning, since they do suggest there may still be widespread transmission in certain parts of the country,” said Claire Standley, assistant research professor at the Department of International Health at Georgetown University. [..] According to a letter seen by Reuters, a committee of experts backed by the local health department in Pakistan’s most populous province, Punjab, told the provincial government the lockdown needed to continue. The letter said random testing suggested more than 670,000 people in the provincial capital Lahore had likely contracted the virus, many of them asymptomatic.

Pakistan lifted its lockdown on May 9, about two weeks before the Eid al-Fitr festival that marks the end of the Islamic holy month of Ramadan and is celebrated with family gatherings and feasting. Transport and most businesses have re-opened but cinemas, theatres and schools remain closed. There has been growing debate among experts globally on whether populous developing nations can afford comprehensive social distancing measures to contain the coronavirus while avoiding economic ruin.

Very useful research, albeit a bit too localized.

• Most COVID-19 Cases In BC Have Strains From Europe And Eastern Canada (CBC)

Strains traced to Europe and Eastern Canada are by far the largest source of COVID-19 infections in B.C., according to new modelling presented by the provincial government Thursday. Provincial Health Officer Dr. Bonnie Henry revealed the results of genomic tracing of different strains of the virus, showing that of those samples that have been sequenced, early cases linked to travel from China and Iran appear to have been well contained, leading to relatively few other infections. But beginning in March, with an outbreak that began with the Pacific Dental Conference in Vancouver, infections with strains from Eastern Canada and Europe spiked dramatically.

“One of the people that we knew was positive and had attended that conference had previously been in Germany during his incubation period before he became ill,” Henry said. Strains traced to Washington state have also been linked to a large number of cases, particularly in long-term care homes in the Vancouver Coastal Health region. Henry explained that this kind of tracing is possible because the genome of the virus changes relatively quickly, but not as fast as diseases like influenza. She also announced nine new confirmed cases of the virus on Thursday, for a total of 2,632 to date. No new deaths have been recorded, leaving B.C.’s total at 166.

The new cases announced Thursday include four people who have already recovered, people that Henry described as epidemiologically linked to previous patients who have tested positive. This means these four people were close contacts of known cases and developed symptoms of COVID-19, but may not have had access to testing at the time.

As I commented yesterday: when they say they “can no longer vouch for the veracity of the primary data sources”, that means they never could, because they never had access to the data or the sources. We know this because it’s not as if either has dramatically changed since publication, or they would have mentioned it.

• Authors Retract Influential Lancet Article That Found HCQ Risks (R.)

An influential medical journal article that found hydroxychloroquine increased the risk of death in COVID-19 patients was retracted on Thursday, adding to the controversy around a drug championed by U.S. President Donald Trump. Three of the authors of the article retracted it, citing concerns about the quality and veracity of data in the study. The anti-malarial drug has been controversial in part due to support from Trump, as well as implications of the study published in British medical journal the Lancet last month, which led several COVID-19 studies to be halted. The three authors said Surgisphere, the company that provided the data, would not transfer the dataset for an independent review and that they “can no longer vouch for the veracity of the primary data sources.”

The fourth author of the study, Dr. Sapan Desai, the chief executive of Surgisphere, declined to comment on the retraction. [..] Another study published in the New England Journal of Medicine that relied on Surgisphere data and shared the same lead author, Harvard Medical School Professor Mandeep Mehra, was also retracted for the same reason. The observational study published in the Lancet on May 22 said it looked at 96,000 hospitalized COVID-19 patients, some treated with the decades-old malaria drug. It claimed that those treated with hydroxychloroquine or the related chloroquine had higher risk of death and heart rhythm problems than patients who were not given the medicines.

The idea: save the banks so they can lend money at higher rates than they borrow at from the ECB. Utterly crazy and useless.

• ECB Gives Another Shot Of Stimulus As Economy Reels (R.)

Just months after a raft of crisis measures, the ECB again expanded its money-printing scheme to cushion a potential fall in output of up to 12% this year, even as governments spend record amounts to preserve jobs while restrictions keep businesses shuttered. “The euro area economy is experiencing an unprecedented contraction,” ECB President Christine Lagarde said. “There has been an abrupt drop in economic activity as a result of the coronavirus pandemic and the measures taken to contain it.” The ECB’s move, coming just weeks after Germany’s Constitutional Court tried to curb its powers, was also seen as an act of defiance, with one of the European Union’s most powerful institutions making clear it would not take orders from national courts.

Thursday’s decision extended the ECB’s emergency bond purchase scheme to mid-2021 and increased it by 600 billion euros to 1.35 trillion euros. That should allow the bank to buy up most of the new debt euro zone governments are issuing to overcome the pandemic. Three sources told Reuters that figure was a compromise after policymakers discussed an expansion of between 500 billion and 750 billion euros. Markets rallied on the decision, with bond yields on the bloc’s periphery tumbling, suggesting the measures would give a bigger boost to nations such as Italy and Spain, both hit hard by the pandemic and struggling with high debt levels.

Ten-year Italian yields fell by 14 basis points, but perhaps more importantly the gap between Italian and German bonds, a key benchmark, narrowed by 16 basis points. The ECB’s bond purchases come on top of big German spending plans and an ambitious European Union fiscal package, pointing to the biggest coordinated effort in the euro’s 20-year history. ECB staff dramatically revised downward their baseline scenario for euro zone output this year to a contraction of 8.7% from the modest 0.8% rise they forecast only in March.

Short Thread: Yesterday's new data for the #PEPP program has shown that #ECB deviated from capital keys by massively "over"buying Italian bonds and to a lesser extent "over"buying German and Spanish bonds. In contrast massively "under"buying French bonds. (1/N) pic.twitter.com/eaBFCZ8D5v

— Nils Sonnenberg (@zonnbergo) June 3, 2020

After ten years of Abenomics failure, here comes deflation again. Only now Abe can blame a virus.

• Japan’s Household Spending Falls At Record Pace As Virus Stalls Economy (R.)

Japan’s household spending fell at the fastest pace on record in April as the coronavirus shut down travel and dining-out in the world’s third-largest economy, and prospects of higher jobs losses chilled consumer sentiment. The dismal number will keep policymakers under pressure to prevent a larger decline in the economy, which is expected to fall deeper into recession this quarter. Household spending tumbled 11.1% in April from a year earlier, government data showed on Friday, marking the fastest pace of decline since comparable data became available in 2001. The decline was slower than a median forecast of a 15.4% fall and followed March’s 6.0% decline.

Many analysts expect consumption to have bottomed out in April or May, as businesses re-open after last month’s lifting of nationwide lockdowns. But any rebound will be slow and fragile, as companies and households remain wary of spending, they say. “Unless effective vaccines are developed, a strong recovery cannot be expected for the foreseeable future,” said Takeshi Minami, chief economist at Norinchukin Research Institute. Friday’s data showed some winners and losers. Spending on bars, plane tickets, hotels and amusement parks tanked by around 90% as households were forced to stay home, the data showed.

On the other hand, stay-home policies boosted spending on pasta by 70%, instant noodles by 43% and sanitary goods like face masks by 124%, it showed. Overall, however, an expected rise in job losses and the hit to household sentiment from the pandemic will weigh on consumption, analysts say. “A lot of people are out of work and couldn’t look for jobs during lockdowns in April. Wages are likely to fall too, which will weigh on consumption,” said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute. “Japan’s economy will rebound in July-September if there’s no renewed spike in infections. Even so, it may take until 2023 or 2024 for the economy to return to pre-COVID levels.”

“Any confrontation between these two great powers is unlikely to end as the Cold War did, in one country’s peaceful collapse..”

• China Can’t Take Over US Security Presence in SE Asia: Singapore PM (SCMP)

The US security presence “remains vital to the Asia-Pacific region,” and China would be unable to take over that role in Southeast Asia even with its increasing military might, Singapore Prime Minister Lee Hsien Loong said. In an article published by Foreign Affairs on Thursday, Lee wrote that China’s competing maritime and territorial claims in the South China Sea meant that countries in the region will “always see China’s naval presence as an attempt to advance those claims”. He also wrote that many Southeast Asian nations are “extremely sensitive” about perceptions that China has influence on their sizeable ethnic Chinese minorities.

“Despite its increasing military strength, China would be unable to take over the United States’ security role,” he wrote, adding that a US withdrawal in North Asia would compel Japan and South Korea to contemplate developing nuclear weapons to counter North Korea’s growing threat. Lee’s article comes as tensions between the US and China continue to escalate, with the world’s biggest economies sparring on everything from 5G networks to the South China Sea to responsibility for the Covid-19 pandemic. Singapore has been one of the most outspoken countries in Asia calling for the US and China to avoid a destructive clash that would force smaller countries to choose sides.

“Asia-Pacific countries do not wish to be forced to choose between the United States and China,” Lee wrote, echoing comments he’s made previously. “They want to cultivate good relations with both.” Lee warned that if the US tried to contain China, or if Beijing sought to build an exclusive sphere of influence in Asia, the two countries “will begin a course of confrontation that will last decades and put the long-heralded Asian century in jeopardy”. “Any confrontation between these two great powers is unlikely to end as the Cold War did, in one country’s peaceful collapse,” he wrote.

You mean worse damage to kids than the school system itself inflicts? I’d say it’s a toss-up at best.

• US Schools Lay Off Hundreds Of Thousands, Setting Up Lasting Harm To Kids (R.)

In April alone, 469,000 public school district personnel nationally lost their jobs, including kindergarten through twelfth-grade teachers and other school employees, a Labor Department economist told Reuters. That is more than the nearly 300,000 total during the entire 2008 Great Recession, according to a 2014 paper by three university economists financed by the Russell Sage Foundation. The number of public school teachers hasn’t recovered from that shakeout, reaching near-2008 levels only in 2019. Multiple school district administrators, public officials and teaching experts have warned that the current school personnel job loss will last for years, hurting the education of a generation of American students. It also could be a drag on economic recovery, for one thing because school districts are big employers.

The Labor Department reported on May 8 that 20.5 million non-farm workers lost jobs in April, including 980,000 government workers. Of those, 801,000 were local government employees. Although the Labor Department report does not break out the number, 469,000 of the 801,000 local government workers were K-12 public school teachers and other school personnel, the department economist told Reuters. School districts in poor areas face the most punishing blows. A Brookings Institution paper in April predicted that education layoffs “would come at the worst possible time for high-poverty schools, as even more students fall into poverty and need more from schools as their parents and guardians lose their own jobs.”

Low-income districts are particularly troubled because of plunging revenue amid the Covid-19 recession. Districts rely for revenue on local property taxes and state subsidies. Poorer districts, where property tax revenue is low, rely on states for most of their income. With states hit hard by falling income and sales taxes, aid to school districts is dwindling in many places. [..] April was an especially cruel month for education. The Labor Department report said that in addition to the 469,000 K-12 personnel, state-run colleges and universities laid off 176,000 professors and other employees. Private schools, including well-known colleges and universities and K-12 private schools, were down by 457,000.

Don’t choose sides. There is only one.

• Medical Martial Law: Liberalism’s Final Capitulation (Pear)

Liberals elected Barack Obama in 2008, laughed, cheered, cried, and then they went to sleep for eight years. They thought that Obama would do the heavy lifting for them. Instead he went from bombing three countries to bombing seven, after winning the Nobel Peace Prize for nothing. Obama looked the other way as the Police Occupied Zuccotti Park, Black Lives Didn’t Matter, and Dakota Pipelined. Obama imprisoned and tortured whistleblowers, and he became the deporter-in-chief. He bailed out the banks, while millions of families lost their homes. Obamacare enriched insurance companies and big-pharma. Gitmo stands as the legacy of Obama’s droning wedding parties and funerals, and for all his broken promises. His answer to climate change was Artic drilling, and fracking the USA.

Obama and the liberal class are the reason we have Trump. The rich do not care about any of the liberal class’s identity politics and correctness. It costs the rich nothing to make those concessions. The liberals are not willing to fight for anything of importance, and the corporatists know it. The corporatists don’t care if Trump or Biden is the next president. Bernie or bust! Fugget about it: Bernie Sanders is just a sheepdog, a foil, a professional wrestler, and Kabuki theater. Bernie is the Senator from Lockheed and Israel. He is a carnival huckster, herding the liberal suckers into the big tent. The DNC will be happy to keep Trump. They get to keep their jobs, their power, their influence, and the gravy train keeps on rolling.

Nancy Pelosi will still get her kicks from gourmet chocolate, Alexandria Ocasio-Cortez will keep making arm-waving rants to an empty House, Ilhan Omar will kowtow to the Zionist lobby, and the Congressional Black Caucus will vote against blacks. Liberals will grandstand politically correct platitudes, while the banks, corporations, military-industrial complex, Israel, and the well-connected get unlimited hand-outs. Lest I forget, fake liberal Rachel Maddow and her ilk in the media will still get paid $30 thousand a night for “Russia-Russia-Russia!”, and the New York Times will endorse every regime-change war, just as it has done for the past 150 years. And Liberals will commiserate with each other, preach to their dwindling choir, blame everybody except themselves, and waste another four years without organizing any opposition.

Even Malcolm X said it about the liberal party. Stop giving your vote away. If you're SO mad, why have you voted Democrat the last 60 years in these cities you're burning!#Trump #protest #UnitedWeStand #WalkAwayFromDemocrats pic.twitter.com/6v2v89x52Q

— IndySpanglish (@IndySpanglish) June 3, 2020

Much ado about nothing at all. Clickbait.

• Trump Fires Back At Critics Murkowski, Mattis And Kelly (JTN)

President Trump on Thursday unleashed Twitter attacks against former Defense Secretary James Mattis, former Chief of Staff John Kelly and sitting Republican Sen. Lisa Murkowski, pledging to see the latter unseated during her next election. Trump said he will campaign against Murkowski and endorse a candidate who challenges her. Earlier on Thursday, Murkowski said that she is “struggling” with whether to support the president in the upcoming election. “Few people know where they’ll be in two years from now, but I do, in the Great State of Alaska (which I love) campaigning against Senator Lisa Murkowski. She voted against HealthCare, Justice Kavanaugh, and much else,” Trump tweeted.

“Get any candidate ready, good or bad, I don’t care, I’m endorsing. If you have a pulse, I’m with you!” Trump also tweeted the text of a note in which his former attorney John Dowd excoriated James Mattis, the former Defense Secretary who on Wednesday issued a scathing rebuke of the president. The president urged people to read the note that Dowd wrote lambasting Mattis. “Perhaps, your anger is borne of embarrassment for your own failure as the leader of Central Command,” Dowd said to Mattis in the note.

I thought this letter from respected retired Marine and Super Star lawyer, John Dowd, would be of interest to the American People. Read it! pic.twitter.com/I5tjysckZh

— Donald J. Trump (@realDonaldTrump) June 4, 2020

And Trump’s former Chief of Staff John Kelly did not escape the president’s fiery criticism on Thursday either. The Washington Post quoted Kelly disputing Trump’s claim that he fired Mattis and requested his resignation. “The president did not fire him. He did not ask for his resignation,” Kelly said. “The president has clearly forgotten how it actually happened or is confused. The president tweeted a very positive tweet about Jim until he started to see on Fox News their interpretation of his letter. Then he got nasty. Jim Mattis is an honorable man.” Trump lobbed several tweets about Kelly, including one in which he said Kelly “was totally exhausted by the job, and in the end just slinked away into obscurity.”

The problem with asking for someone to give you a letter of resignation, which you do as a courtesy to help them save face, is that it is then harder to say you fired them. I did fire James Mattis. He was no good for Obama, who fired him also, and was no good for me!

— Donald J. Trump (@realDonaldTrump) June 4, 2020

Rosenstein has resolved not to go quiet.

• Rosenstein Slams McCabe, Obstruction Theories, 1000 Former Prosecutors (Turley)

Yesterday, we did our first live blogging on a hearing with former Deputy Attorney General Rod Rosenstein. There was a lot of broken china after the hearing was over. Indeed, the most interesting aspect was that some of the greatest damage for the Democratic narrative occurred during ill-considered questions from Sen. Mazie Hirono (D., HI) who elicited a series of answers supporting the Trump Administration and the purpose of further hearings. Rosenstein ultimately supported the need for further investigations into FBI misconduct, supported the Durham investigation, categorically dismissed claims that Trump committed obstruction of justice, and most importantly stated that he would not have signed off on the continued surveillance under the FISA for Carter Page if he knew the truth about claims of Russian collusion.

That was just a few of the highlights. He also dismissed objections from former FBI Deputy Director Andrew McCabe and the “1000 prosecutors” who were so widely cited as claiming that there was clear criminal conduct by Trump. The most important moment came at the beginning of Rosenstein’s testimony when he acknowledged that there were serious flaws and misconduct involved in the Russian investigation and that, if he knew then what he knows now, he would have put a stop to it, including refusing to sign off on the continued of the FISA surveillance on Page. He also repeatedly said in contradiction to the Democratic senators that he believed that there was a need for further investigation and that much more needs to be known about what occurred, including the source of “disinformation” in the Steele dossier and whether Steele was used by Russian intelligence and other sources for nefarious purposes.

On the investigation of U.S. Attorney John Durham, Rosenstein repeatedly endorsed the need to look into the entire Russian investigation and added “Attorney General Barr is trusting US attorney Durham to do that. I think that’s a reasonable decision.” Rosenstein also acknowledged that we still need to know more about the disinformation and that an investigation is warranted on the Steele dossier and other related issues.

And now come the rest. Everyone but Obama and Biden. But that won’t save them.

• The Hunt For The Origins Of The Russia Collusion Narrative (JTN)

Hollywood once gave us the Cold War thriller called “The Hunt for Red October.” And now the U.S. Senate and its Republican committee chairmen in Washington have launched a different sort of hunt made for the movies. Armed with subpoenas, Sens. Lindsey Graham, R-S.C., and Ron Johnson, R-Wis., want to interrogate a slew of Obama-era intelligence and law enforcement officials hoping to identify who invented and sustained the bogus Russia collusion narrative that hampered Donald Trump’s early presidency. And while Graham and Johnson aren’t exactly Sean Connery and Alex Baldwin, they and their GOP cohorts have a theory worthy of a Tom Clancy novel-turned-movie: The Russia collusion investigation was really a plot by an outgoing administration to thwart the new president.

[..] For much of the last two years, the exact theory that congressional Republicans held about the bungled, corrupt Russia probe — where collusion between Donald Trump and Vladimir Putin was ultimately disproven and FBI misconduct was confirmed — was always evolving. But after explosive testimony this week from former Deputy Attorney General Rod Rosenstein, who openly accused the FBI of keeping him in the dark about flaws, failures and exculpatory evidence in the case, the GOP believes it may prove the Russia case was a conspiracy to use the most powerful law enforcement and intelligence tools in America to harm Trump.

[..] “There are millions of Americans pretty upset about this,” Graham said this week. “There are people on our side of the aisle who believe this investigation, Crossfire Hurricane, was one of the most corrupt, biased criminal investigations in the history of the FBI. And we’d like to see something done about it.” Graham tried to take action to approve 50-plus subpoenas from the Senate Judiciary Committee to witnesses on Thursday but was forced to delay a week. Johnson, meanwhile, successfully secured about three dozen subpoenas to get documents and interviews with key witnesses from his Senate Homeland Security and Governmental Affairs Committee.

Evidence is growing, Johnson said, that there was not a “peaceful and cooperative” transition between the Obama and Trump administrations in 2017. “The conduct we know that occurred during the transition should concern everyone and absolutely warrants further investigation,” he said. With Rosenstein’s testimony now behind them, the senators have some lofty targets for interviews or testimony going forward, including fired FBI Director James Comey, his deputy Andrew McCabe, ex-CIA Director John Brennan, and the former chiefs of staff for President Barack Obama and Vice President Joe Biden.

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

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OMG! WTH! Can you imagine ⁦@JoeBiden⁩ being @POTUS? He can’t answer a simple question or make a simple statement even with the help of the idiots at ⁦@TheView⁩!Did u catch some of their faces.They can’t believe it either #JoesNotSorry #WalkAway pic.twitter.com/rWZmViMSWe

— Malik Obama (@ObamaMalik) June 4, 2020

Obama, Biden And Democratic Party Desperately Try To Co-Opt Protest. They Think We’re Stupid!

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Debt Rattle June 4 2020

Jun 042020

June 4, 2020 Posted by Raúl Ilargi Meijer at 11:07 am Finance Tagged with: airlines, anthem, Brazil, coronavirus, Covid19, FBI, HCQ, Hong Kong, HSBC, Rosenstein, Tiananmen, Trump, WHO 27 Responses »

G. G. Bain On beach near Casino, Asbury Park 1911

• Malaria Drug Touted By Trump Fails To Prevent COVID19 In High Profile Study (R.)

• Big HCQ Study the Media Went Nuts Over Turned Out to Be a Scam (RS)

• Concerns Mount Over Study Attacking Hydroxychloroquine (JTN)

• WHO Set To Resume Hydroxychloroquine Trial In Battle Against COVID19 (R.)

• Brazil Sets Record For Daily Coronavirus Deaths, Beating Tuesday (R.)

• US Airlines Gain Final Approval To Drop Services To 75 Domestic Airports (R.)

• Qantas To Boost Domestic Capacity To 15% Of Normal By End Of June (R.)

• What Will it Take to Save the Airlines? (Horan)

• Protest Disrupts Hong Kong Legislative Debate Over China Anthem Bill (R.)

• HSBC Breaks Silence And Backs National Security Law For Hong Kong (SCMP)

• Rosenstein Points Clear Finger At FBI (JTN)

• Rosenstein: Trump Did Not Commit ‘A Crime That Warrants Prosecution’ (JTN)

• With US In Crisis, Germany Reluctant To Be ‘Leader Of The Free World’ (SCMP)

• Nation Feigns Surprise At Government Handout To Rich Homeowners (Chaser)

Worldometer puts global new cases in past 24 hrs at + 121,413. I counted under 80K yesterday, using their numbers.

New cases past 24 hours in:

• US + 20,578
• Brazil + 28,663
• Russia + 8,536
• India + 9,572
• Chile + 4,942
• Pakistan + 4,801

The UK had more COVID19 deaths yesterday than the 27 EU countries combined.

• Cases 6,596,501 (+ 122,212 from Saturday’s 6,474,289)

• Deaths 388,421 (+ 5,507 from Saturday’s 382,914)

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

From Worldometer:

From COVID19Info.live:

George Floyd’s funeral is expected to have hundreds or thousands of attendees, including high profile politicians like Biden. Meanwhile people have not been allowed to go to their own family members funerals because attendance was capped due to COVID.

— Matt Walsh (@MattWalshBlog) June 4, 2020

This just goes on. WIth one study fully discredited, they seamlessly switch to the next. This time HCQ doesn’t kill, but it’s “ineffective”. Ineffective in what? In preventing infection. Only, no-one ever said it would do that. HCQ and zinc combine to prevent the virus, once you are infected, from doing further and grave damage to your body.

That’s all. When used for malaria, the idea never was that HCQ could prevent infection either. Instead, it helps the body fight the pathogen.

Oh, and if you’re Reuters and you think that after all the articles about HCQ, you still must put “Malaria Drug Touted By Trump” in your headline, I’d say you have a very big bias issue.

• Malaria Drug Touted By Trump Fails To Prevent COVID19 In High Profile Study (R.)

The malaria drug promoted by U.S. President Donald Trump as a treatment for COVID-19 was ineffective in preventing infection in people exposed to the coronavirus, according to a widely anticipated clinical trial released on Wednesday. The new trial found no serious side effects or heart problems from use of hydroxychloroquine. Vocal support from Trump kicked off a heated debate and raised expectations for the decades-old drug that could be a cheap and widely available tool in fighting the pandemic that has infected more than 6.4 million people and killed over 382,000 worldwide. In the first major study comparing hydroxychloroquine to a placebo to gauge its effect against the new coronavirus, University of Minnesota researchers tested 821 people who had recently been exposed to the virus or lived in a high-risk household.

It found 11.8% of subjects given hydroxychloroquine developed symptoms compatible with COVID-19, compared with 14.3% who got a placebo. That difference was not statistically significant, meaning the drug was no better than placebo. “Our data is pretty clear that for post exposure, this does not really work,” said Dr. David Boulware, the trial’s lead researcher and an infectious disease physician at the University of Minnesota. Several trials of the drug have been stopped over concerns about its safety for treating COVID-19 that were raised by health regulators and previous less rigorous studies. “I think both sides – one side who is saying ‘this is a dangerous drug’ and the other side that says ‘this works’ – neither is correct,” said Boulware.

“How many people who might have been helped by the drug, if used properly early in the process, might be alive had countries and doctors not been so discouraged from using it?”

• Big HCQ Study the Media Went Nuts Over Turned Out to Be a Scam (RS)

Hydroxychloroquine is back in the news today after a major study, which was widely touted by the media a few weeks ago, has turned out to be a scam. The study was also used to change coronavirus treatment policies by the World Health Organization. Now, we are learning that that the company that supposedly did the study, and has helped push others, is a front company of some kind. Further, the person who put the data together is not a scientist, but a science fiction author. The studies produced by this company were published by Lancet, a renowned medical journal, and used as evidence to attack Donald Trump with.

Lancet has now issued an “expression of concern,” demanding that the company provide details on their data and methodology. Given what’s already been revealed, you’d think they’d just disown the studies altogether, but I suspect they want to save face. While these studies being frauds is bad, what’s worse is that the media took their message far and wide, literally painting hydroxychloroquine as some kind of death sentence. How many people who might have been helped by the drug, if used properly early in the process, might be alive had countries and doctors not been so discouraged from using it? We may never know the answer to that, though the usual suspects continue to dig in behind their narrative.

This does provide some notion to how flawed the medical journal system is. Why would something like this be published and used to make life and death decisions when Lancet wasn’t even aware of their methodology? It seems rather insane on it’s face.

Time to seriously investigate Surgisphere, who funds it?, and while you’re at it, look at how the Lancet dumped its own standards when it published this. The suggestion that a scifi writer and an adult content provider are behind Surgisphere are a bonus.

• Concerns Mount Over Study Attacking Hydroxychloroquine (JTN)

Two major medical journals have issued alerts that recent scientific data regarding the drug hydroxychloroquine may have significant flaws, with the two journals claiming “substantive concerns” and “significant scientific questions” have been raised regarding the validity of the cited information. A study published on May 22 in the journal The Lancet by medical data analytics company Surgisphere determined that hydroxychloroquine — a drug repeatedly touted by President Trump as a possible viable treatment for the coronavirus — was “associated with an increased risk of in-hospital mortality” when given to COVID-19 patients. A total of 9,273 patients in the study received some form of hydroxychloroquine treatment. Patients given that drug, the study concluded, are also more likely to experience “de-novo ventricular arrhythmia,” a condition in which the heart beats irregularly.

Those conclusions so alarmed the World Health Organization that it announced at the end of last month that it would be pausing its own hydroxychloroquine trials “while the data is reviewed by the Data Safety Monitoring Board.” Barely a week after that announcement, serious questions are beginning to arise surrounding the study by Surgisphere. The World Health Organization has since resumed its hydroxychloroquine trials. The Lancet and the New England Journal of Medicine, meanwhile, have both signaled concerns over Surgisphere’s data and analytical methods. A breakdown of the alleged problems surrounding the Surgisphere study — as well as questions regarding the company itself — was published late last month by medical student James Todaro at his website “Medicine (Un)Censored,” an aggregator of COVID-19 news that heavily touts the purported benefits of hydroxychloroquine in treating the disease.

Todaro wrote on the website that the Surgisphere study had numerous data issues, including overcounting COVID-19 deaths on the Australian continent as well as the study’s claim that it included in its dataset nearly every single hospitalized COVID-19 patient in North America. The study also “reports patient data from Africa that requires sophisticated patient monitoring technology and electronic medical record systems,” factors Todaro clams are unlikely to be present in sufficiently high numbers in many African hospitals.

The WHO is an empty facade.

• WHO Set To Resume Hydroxychloroquine Trial In Battle Against COVID19 (R.)

The World Health Organization will resume its trial of hydroxychloroquine for potential use against the coronavirus, its chief said on Wednesday, after those running the study briefly stopped giving it to new patients over health concerns. The U.N. agency last month paused the part of its large study of treatments against COVID-19 in which newly enrolled patients were getting the anti-malarial drug to treat COVID-19 due to fears it increased death rates and irregular heartbeats. The study continued with other medicines. But the WHO’s director-general, Tedros Adhanom Ghebreyesus, said its experts had advised the continuation of all trials including hydroxychloroquine, whose highest-profile backer for use against the coronavirus is U.S. President Donald Trump.

“The executive group will communicate with the principal investigators in the trial about resuming the hydroxychloroquine arm of the trial,” Tedros told an online media briefing, referring to WHO’s initiative to hold clinical tests of potential COVID-19 treatments on some 3,500 patients in 35 countries. The WHO’s decision to suspend its trial prompted others to follow suit, including Sanofi, which said on May 29 it was suspending recruitment for its trials. A Sanofi spokesman said the company would review available information and run consultations in the coming days to reassess its position following the WHO’s latest decision on Wednesday. The WHO’s chief scientist, Soumya Swaminathan, called for other trials of the drug to proceed. “We owe it to patients to have a definitive answer on whether or not a drug works,” she said, adding that safety monitoring should also continue.

Hoe much longer for Bolsonaro?

• Brazil Sets Record For Daily Coronavirus Deaths, Beating Tuesday (R.)

Brazil registered a record number of daily deaths from the coronavirus for the second consecutive day, according to Health Ministry data released on Wednesday. The nation recorded 1,349 new coronavirus deaths on Wednesday, and 28,633 additional confirmed cases, the data showed. Brazil has now registered 32,548 deaths and 584,016 total confirmed cases.

As the country opens up, airlines cut flights. But of course.

• US Airlines Gain Final Approval To Drop Services To 75 Domestic Airports (R.)

Fifteen U.S. airlines were granted final government approval on Wednesday to temporarily halt service to 75 domestic airports as travel demand has been crushed due to the coronavirus pandemic. The U.S. Transportation Department said all airports would continue to be served by at least one air carrier. Despite some objections to a tentative list made public on May 22, the government did not make any changes.The U.S. airline industry has been awarded $25 billion in government payroll assistance grants to help weather the pandemic. While carriers must maintain minimum service levels to receive the assistance, many petitioned to stop service to airports with low passenger demand. The department has previously allowed some airlines to halt service to some airports and rejected other requests.

Both United Airlines and Delta Air Lines won approval to halt flights to 11 airports. Allegiant Air was allowed to halt service to six airports, while JetBlue, Alaska Airlines, Spirit Airlines and Frontier Airlines gained approval to stop flights to five airports each. U.S. air carriers have said they are collectively burning through more than $10 billion in cash a month as travel demand remains a fraction of prior levels. They have parked more than half of their planes and cut thousands of flights. Cities that Delta can halt service to include Aspen, Colorado; Bangor, Maine; Santa Barbara, California and Flint, Michigan. United can halt service to airports including Chattanooga, Tennessee; Hilton Head and Myrtle Beach, South Carolina as well as Key West, Florida.

The 15% is a good indication of how long of a battle this will be.

• Qantas To Boost Domestic Capacity To 15% Of Normal By End Of June (R.)

Australia’s Qantas Airways and Air New Zealand on Thursday outlined plans for significant boosts to domestic capacity as pandemic-related travel restrictions ease, sending their shares higher. Qantas said it would lift domestic capacity to 15% of pre-pandemic levels by the end of June, up from 5% now. The airline said more flights are likely in July depending on travel demand and further opening of state borders, with the ability to increase to up to 40% of pre-crisis capacity by the end of July. Air New Zealand said it would raise domestic capacity to 55% of normal levels during July and August, up from 20% after a strict nationwide lockdown was lifted in May.

Qantas shares were trading 5% higher at 0240 GMT, while Air New Zealand shares were up 4.8%. Australia and New Zealand have both reported few new COVID-19 cases in recent weeks. Qantas Chief Executive Alan Joyce said there was pent-up demand for domestic air travel. “We are already seeing a big increase in customers booking and planning flights in the weeks and months ahead,” he said in a statement.

Hubert Horan has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan currently has no financial links with any airlines or other industry participants

• What Will it Take to Save the Airlines? (Horan)

Coronavirus has created the greatest challenge the airline industry has ever faced. For the large legacy carriers serving intercontinental markets, the threat is comparable to the meteor that caused massive climate change and drove dinosaurs into extinction. While the industry was clearly viable prior to coronavirus, it faced a number of serious competitive and financial issues that will impede efforts to deal with the impact of the coronavirus meteor. The industry requires major, painful restructuring. Baring staggering increases in taxpayer subsidies (beyond the $60 billion already pledged in the US), it is unclear how most (perhaps any) of these carriers survive under current ownership in anything like their current form. None of the needed changes are even being discussed within the industry at this point, and the processes needed to manage the needed restructuring do not currently exist.

Airline economics depend critically on extremely high capacity utilization. Small changes have huge profit leverage. US airlines filled 85% of their seats in 2019 (up from 58% when the industry was deregulated and 70% 20 years ago). Once an airline has committed to the costs of operating a given schedule, almost all of the lost revenue from a shortfall of passengers directly reduces the bottom line. Coronavirus-driven traffic losses have been vastly larger than anyone could have ever imagined. Traffic through TSA checkpoints in US airports was down 96% versus the year before in mid April and 88% in mid-May. While the industry had faced demand shocks in the past (9/11 in the US, various wars, the original SARS outbreak in Asia), none were global in scope, and none were seen as driving permanent declines in demand. Never before has flying on an airplane required accepting serious medical risk.

In a recent poll only 23% of US travelers thought flying on an airplane was safe. While no one knows what will happen, this analysis assumes that there is no widely available vaccine and no reliable way to prove individual immunity during 2020. Perhaps infection rates decline gradually and economic activity gradually increases. Perhaps there are new outbreaks and efforts to reopen the economy are put on hold. Perhaps economic activity declines seriously as companies realize that recent losses are unsustainable, and major new waves of layoffs and bankruptcies occur. But the idea of a rapid, “V-shaped” recovery to the January status quo seems wildly improbable.

No Tiananmen square commemoration, but a vote over a bill that would criminalise disrespect of China’s national anthem. Happy days. [UPDATE: the law passed].

• Protest Disrupts Hong Kong Legislative Debate Over China Anthem Bill (R.)

Police and firefighters entered Hong Kong’s legislature on Thursday after two pro-democracy lawmakers threw foul-smelling liquid to protest against China’s “murderous” crackdown by Chinese troops in and around Tiananmen Square 31 years ago. Lawmakers Eddie Chu and Ray Chan rushed to the front of the chamber during a debate over a controversial bill that would criminalise disrespect of China’s national anthem, splashing the reeking fluid as guards grappled with them. Police and firefighters later arrived on the scene. “A murderous state stinks forever. What we did today is to remind the world that we should never forgive the Chinese Communist Party for killing its own people 31 years ago,” Chu said later, before he and Chan were removed from the chamber.

A final vote on the bill is expected later on Thursday with people in Hong Kong set to commemorate the bloody 1989 crackdown by lighting candles across the city. For the first time, police have banned an annual vigil to mark the event that is usually held in downtown Victoria Park, citing the coronavirus outbreak. The disruption in the legislature came after pro-establishment lawmakers vetoed most amendments to the anthem bill proposed by democrats. If passed, the bill could punish those who insult the anthem with up to three years jail and/or fines of up to HK$50,000 ($6,450). It states that “all individuals and organisations” should respect and dignify the national anthem and play it and sing it on “appropriate occasions”.

You know the oddest thing about this? HSBC backs a law without knowing what’s in it. Not only hasn’t it been released yet, it’s still being drafted.

This is the biggest bank in Europe. Maybe it should no longer be.

• HSBC Breaks Silence And Backs National Security Law For Hong Kong (SCMP)

HSBC has broken its silence and offered its support for the national security law that Beijing is drafting for Hong Kong, days after a former city chief who is now a state leader criticised the banking giant for not making its stance on the legislation clear. It posted an article on HSBC China’s WeChat account on Wednesday, with the headline saying the group’s Asia-Pacific CEO had signed a petition supporting the new law. The article noted that the Hong Kong Association of Banks had already issued a statement saying the law would contribute to a stable business environment and raise investor confidence in the city.

“As a key member of the association, HSBC reiterates that under the ‘one country, two systems’ principle, it respects and supports all laws that stabilise Hong Kong’s social order and boost the economy to develop prosperously,” it said, referring to the framework under which Beijing governs the city. The HSBC group is headquartered in London. It is the biggest bank in Hong Kong and Europe and is dual-listed in the city and London. China’s top legislature, the National People’s Congress, announced on May 21 that its standing committee would draft a tailor-made national security law for Hong Kong. The law is likely to be passed by August, with Beijing identifying it as a necessity amid anti-government protest violence and perceived external interference. It aims to prevent, stop and punish secession, subversion of state power, terrorism and foreign interference in Hong Kong, but opposition politicians and critics warn it could be used to suppress dissent and erode long-standing freedoms.

The Senate questioning is not the main dish. But it’s an okay starter. Let’s see them squirm and turn on each other.

• Rosenstein Points Clear Finger At FBI (JTN)

Former Deputy Attorney General Rod Rosenstein made clear in his Senate testimony he is no Harry Truman or Janet Reno, two larger-than-life Washington figures from yesteryear who embraced the idea that no matter what went wrong on their watch the bucks stops at the top. During three-plus hours of uncomfortable interrogation by Republicans and Democrats alike, Rosenstein repeatedly tried to blame others – the FBI and its former deputy director Andrew McCabe often – for failures in a Russia probe he personally supervised. Rosenstein testified he would not have signed the Foreign Intelligence Surveillance Act warrant targeting Trump adviser Carter Page for a fourth time in summer 2017 if the FBI had just told him about exculpatory evidence.

He acknowledged the Robert Mueller special counsel probe went on for 18 more months after the FBI knew, by August 2017, that there was no evidence of collusion between the Trump campaign and Russia during the 2016 election. And he claimed the FBI kept him in the dark about the fact that its field agents had recommended closing down an investigation of Trump national security adviser Michael Flynn all the way back in January 2017. McCabe, the former deputy director and acting director of the FBI, “was not fully candid with me,” Rosenstein said in explaining how he could be so in the dark on so many critical Russia probe issues. Rosenstein’s performance before the Senate Judiciary Committee on Wednesday frustrated many of the committee’s members.

“He acted like he wasn’t responsible and, you know, that it was somebody else’s responsibility to verify these facts,” Sen. Josh Hawley, R-Mo., said on Fox News after the testimony. Texas Sen. Ted Cruz, R-Texas, took Rosenstein to task during the middle of the hearing. “You came into a profoundly politicized world and yet, all of this was allowed to go forward under your leadership,” Cruz said. “That, unfortunately, leads to only two possible conclusions—either you were complicit in the wrongdoing, which I don’t believe was the case, or that your performance of your duties was grossly negligent.” Rosenstein could only muster this in response: “You always wish you could have done more.”

https://twitter.com/i/status/1268238790184894466

Testifying before a Senate panel, former Deputy Attorney General Rod Rosenstein defended his 2017 decision to appoint Special Counsel Robert Mueller to investigate Russian election interference https://t.co/8xTbtA6DTP pic.twitter.com/mcasmt3Q6L

— Reuters (@Reuters) June 4, 2020

Question is: did Rosenstein?

• Rosenstein: Trump Did Not Commit ‘A Crime That Warrants Prosecution’ (JTN)

Former Deputy Attorney General Rod Rosenstein on Wednesday appeared before the Senate Judiciary Committee at an oversight hearing about the Crossfire Hurricane investigation and denied that he has ever suggested removing President Trump from office using the 25th Amendment to the U.S. Constitution. “I did not suggest or hint at secretly recording President Trump,” Rosenstein also said during questioning from Democratic Sen. Mazie Hirono. The Hawaiian senator blasted the hearing as a ploy to bolster President Trump’s “conspiracy theories and to help the president’s reelection” and said that it “wastes this committee’s time.”

Hirono asked Rosenstein if he concurred with Attorney General Barr’s statement in a letter to Congress, in which Barr wrote that, “Deputy Attorney General Rod Rosenstein and I have concluded that the evidence developed during the Special Counsel’s investigation is not sufficient to establish that the President committed an obstruction-of-justice offense.” “Did Attorney General Barr accurately present your view regarding the obstruction of justice?” Hirono asked.

“Senator I do not believe that the evidence collected by the special counsel warrants prosecution of the president, that is correct,” Rosenstein replied. The senator pressed the issue of the letter again and asked Rosenstein if he concurred “that there was no obstruction of justice involved?” Rosenstein responded to the senator, reiterating his previous response: “Yes, I do not believe that the president committed a crime that warrants prosecution. And that’s the issue that we review as prosecutors.”

.@GenFlynn’s career was ruined by the @FBI because he supported @realDonaldTrump.

But Andrew McCabe, caught lying under oath at least 3 times, is a free man working at @CNN and never faced any criminal charges. It’s time to end the double standards. pic.twitter.com/J4uhgoLMML

— Sen. Marsha Blackburn (@MarshaBlackburn) June 3, 2020

.@TedCruz completely exposes how Barack Obama and Joe Biden “unleashed, weaponized, and politicized the Department of Justice, the FBI, and the Intelligence Community” to go after @realDonaldTrump.pic.twitter.com/Y6LPujxAUX

— Ronna McDaniel (@GOPChairwoman) June 3, 2020

People read this as if it’s something serious. But the US hasn’t led the world in many decades. The leader of the free world doesn’t bomb Syria, Libya, Iraq.

• With US In Crisis, Germany Reluctant To Be ‘Leader Of The Free World’ (SCMP)

Germans have long viewed the United States as a protector of human rights and democracy around the globe, the undisputed leader of the free world. But many have recoiled in horror at America’s chaos in the last week since the killing of black man George Floyd by police in Minneapolis, which US president Donald Trump threatened to end with military force. The demonstrations have resonated in Germany, a deeply pacifist nation for which military force is anathema. Thousands have protested in front of the US embassy in Berlin and elsewhere, as demonstrations against racism and US police brutality spread in other countries including Britain, France and Australia.

The eruption of violence across the United States, coupled with the disorder in dealing with the Covid-19 pandemic there, has fed into angst in Berlin and other capitals that the United States has lost its way and could be inexorably abdicating its status as leader of the free world. That could create an ominous vacuum that neither Germany nor the European Union is equipped to handle or eager to fill. “Germany is not the leader of the free world,” Juergen Hardt, the head of foreign policy affairs in parliament for Chancellor Angela Merkel’s conservatives, told South China Morning Post, flatly making clear that Europe’s leading nation has no such aspirations.

“There are certainly signs that America is losing the unity and virtues that long made it so strong,” the close Merkel ally and unabashed supporter of tight and trusted transatlantic relations added with a heavy heart. “The whole world always had the faith that America could resolve its issues in the end. You always had a sense that they’d figure it out at some point. That’s why there’s always been such enormous confidence in the United States. There are doubts growing about that now.”

“The news has come as a great surprise to Liberal Minister Peter Dutton, who had completely forgotten he owned nine houses when he helped make the decision. ”

• Nation Feigns Surprise At Government Handout To Rich Homeowners (Chaser)

The nation has put on its best surprised face today, upon learning that the Liberal government has chosen to give the next round of stimulus money to rich homeowners, in order to help them increase the values on their properties. “Wow never saw that coming,” sighed one Australian today. “I’ve always said the one industry that really needs propping up in this country is the housing market. Absolutely nobody there is getting rich off that already. Glad we could give those battlers a hand up.” The news has come as a great surprise to Liberal Minister Peter Dutton, who had completely forgotten he owned nine houses when he helped make the decision.

“Gosh, the government wants to give thousands of dollars to me, a struggling home owner?” blushed Dutton. “Why this is even better than that handout to child care owners a few months back, which coincidentally also benefited me. Good golly, what are the odds.” Asked what they had planned for the thousands of entertainment industry and tourism industry workers who were currently now entering their third month of unemployment, the government said they already had plans underway to retrain them as real estate agents, to help boost the country’s much more needy housing industry.

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On this side of the grave,
But then, once in a lifetime
The longed-for tidal wave
Of justice can rise up
And hope and history rhyme.

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Debt Rattle June 3 2020

Jun 032020

June 3, 2020 Posted by Raúl Ilargi Meijer at 11:11 am Finance Tagged with: Brazil, coronavirus, Covid19, Flynn, foodbank, Greece, HCQ, Lancet, lockdown, Nadler, New Zealand, policing, Qatar, riots, Rosenstein, Sweden, unequalizer, UV, vascular disease 15 Responses »

DPC ‘On the beach, Palm Beach’ 1905

• New Zealand Could Return To Normal Life As Early As Next Week (R.)

• Coronavirus May Be a Blood Vessel Disease, Which Explains Everything (M.)

• Charting Sweden’s Disastrous No-Lockdown Strategy (Ind.)

• Brazil Sets Another Record For Daily Coronavirus Deaths (R.)

• Greece Suspends Qatar Flights After 12 On One Plane Test Positive (K.)

• Handheld High-Intensity UV Lamp Could Kill Coronavirus Once And For All (RT)

• Lancet Issues Major Disclaimer On Anti-HCQ Study (ZH)

• The Great Unequalizer (El-Erian/Spence)

• Food Bank Parcels For Scottish Children ‘At Record High’ (BBC)

• What The Flynn Transcripts Do Not Contain: A Crime (Turley)

• The 10 Most Important Questions For Rod Rosenstein (Solomon)

• Jerry Nadler Moves To Cut Bill Barr’s Budget By $50 Million (R.)

• Will Italy Be The Next Country To Leave the EU? (Antonopoulos)

• Where Did Policing Go Wrong? (Taibbi)

• Police Didn’t Spend Millions On Tank Just To Let Protests Stay Peaceful (Onion)

New cases past 24 hours in:

• US + 21,608
• Brazil + 28,832
• Russia + 8,952
• India + 8,272
• Peru + 4,845
• Pakistan + 4,065

LOGICAL INCONSISTENCY DU JOUR
Someone said "if an old person dies of COVID, it's not a big deal because they could have died of someone else".
To be consistent, you must accept:
"If a someone kills an old person, it's not a big deal because they could have died of someone else".

— Nassim Nicholas Taleb (@nntaleb) June 2, 2020

3)Do not disrupt the Silver rule: don't treat the older generation the way you don't want the next generation to treat you.
Civilization and group moral rectitude started with the Silver and Golden rules.
Geronticide is morally repulsive; only accepted in nouveau-riche societies.

— Nassim Nicholas Taleb (@nntaleb) June 2, 2020

For some bizarre reason, it’s not easy to see a map or list of all the cities that have protests currently in any of the main papers or media outlets. I eventually found it.

It’s over 350 cities across the US that are protesting.

350. This shows the scale of issues & anger.

— Raoul Pal (@RaoulGMI) June 3, 2020

Number of cases seems extremely low at less than 80K vs well over 100K for the past week.

• Cases 6,474,289 (+ 79,973 from Saturday’s 6,394,316)

• Deaths 382,914 (+ 4,948 from Saturday’s 377,966)

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

From Worldometer:

From COVID19Info.live:

While 99% of the rest of the world stumbles on with no end in sight.

• New Zealand Could Return To Normal Life As Early As Next Week (R.)

New Zealand Prime Minister Jacinda Ardern said on Wednesday she could lift all social distancing measures to return the country to normal life, bar the international border closure, as early as next week. Ardern will decide on Monday whether the country is ready to shift to alert level 1, more than two months after she imposed a strict level 4 lockdown, shutting most businesses and forcing people to stay home, in response to the coronavirus pandemic. Arden said waiting until Monday would allow her to see if recent changes, like the removal of restrictions on the number of people in bars and at social gatherings, had led to a rise in cases. “If it hasn’t, then we will be in a good position to move,” she said during a televised news conference.

Under level 1 there is no requirement for physical distancing or limits on the number of people allowed in places like bars, clubs, churches, and sports venues, she said. However, there would be one major change from pre-pandemic normality, with no immediate plans to reopen New Zealand’s border. New Zealand recorded no new cases of coronavirus for a 12th consecutive day on Wednesday and has just one active case. Ardern’s decision to swiftly impose one of the harshest lockdowns in the world has been credited with constraining the spread of COVID-19 in New Zealand, which has reported a total of 1,504 cases and 22 deaths.

Nothing explains everything, but the angle remains interesting.

• Coronavirus May Be a Blood Vessel Disease, Which Explains Everything (M.)

In April, blood clots emerged as one of the many mysterious symptoms attributed to Covid-19, a disease that had initially been thought to largely affect the lungs in the form of pneumonia. Quickly after came reports of young people dying due to coronavirus-related strokes. Next it was Covid toes — painful red or purple digits. What do all of these symptoms have in common? An impairment in blood circulation. Add in the fact that 40% of deaths from Covid-19 are related to cardiovascular complications, and the disease starts to look like a vascular infection instead of a purely respiratory one. Months into the pandemic, there is now a growing body of evidence to support the theory that the novel coronavirus can infect blood vessels, which could explain not only the high prevalence of blood clots, strokes, and heart attacks, but also provide an answer for the diverse set of head-to-toe symptoms that have emerged.

“All these Covid-associated complications were a mystery. We see blood clotting, we see kidney damage, we see inflammation of the heart, we see stroke, we see encephalitis [swelling of the brain],” says William Li, MD, president of the Angiogenesis Foundation. “A whole myriad of seemingly unconnected phenomena that you do not normally see with SARS or H1N1 or, frankly, most infectious diseases.” “If you start to put all of the data together that’s emerging, it turns out that this virus is probably a vasculotropic virus, meaning that it affects the [blood vessels],” says Mandeep Mehra, MD, medical director of the Brigham and Women’s Hospital Heart and Vascular Center.

In a paper published in April in the scientific journal The Lancet, Mehra and a team of scientists discovered that the SARS-CoV-2 virus can infect the endothelial cells that line the inside of blood vessels. Endothelial cells protect the cardiovascular system, and they release proteins that influence everything from blood clotting to the immune response. In the paper, the scientists showed damage to endothelial cells in the lungs, heart, kidneys, liver, and intestines in people with Covid-19. “The concept that’s emerging is that this is not a respiratory illness alone, this is a respiratory illness to start with, but it is actually a vascular illness that kills people through its involvement of the vasculature,” says Mehra.

SARS-CoV-2 is thought to enter the body through ACE2 receptors present on the surface of cells that line the respiratory tract in the nose and throat. Once in the lungs, the virus appears to move from the alveoli, the air sacs in the lung, into the blood vessels, which are also rich in ACE2 receptors. “[The virus] enters the lung, it destroys the lung tissue, and people start coughing. The destruction of the lung tissue breaks open some blood vessels,” Mehra explains. “Then it starts to infect endothelial cell after endothelial cell, creates a local immune response, and inflames the endothelium.”

“The rolling seven-day average for new confirmed deaths per million people in Sweden is now nearly twice that of the US..”

• Charting Sweden’s Disastrous No-Lockdown Strategy (Ind.)

Sweden has taken the ignominious title of the country with the world’s highest death rate from Covid-19. The title, which was was briefly held by the UK late last month, comes after Swedish officials decided to ignore the lockdown advice of countless health experts and kept the country largely open during the pandemic. The number of deaths per capita in Sweden is now more than four-times that of its Nordic neighbours. And while its death toll of around 4,500 is a fraction of other badly affected countries like the US (105,000) and the UK (38,000), it is the death rate that reveals the true impact of Sweden’s no-lockdown approach. The rolling seven-day average for new confirmed deaths per million people in Sweden is now nearly twice that of the US, and more than five-times that of France, which had the highest death rate in the world in April.

France imposed a strict lockdown, similar to those of Italy and Spain, in an attempt to contain severe outbreaks of the deadly virus. These lockdowns have proven to be an extremely effective strategy in the fight against coronavirus, with death rates dropping drastically in all of the countries that imposed them. Countries that pre-empted large-scale outbreaks with early lockdowns, such as New Zealand, appear to have almost entirely eliminated the virus.

Yet while social distancing, PPE advice and other containment measures have helped slow the spread in Sweden, a lack of lockdown means the country’s infection rate shows no sign of falling. When Sweden is compared to other Nordic countries, the scale of the country’s coronavirus crisis seems even more pronounced.

Sweden’s hope has been to achieve herd immunity, whereby enough of the population has been infected that coronavirus can no longer spread widely. Yet studies in May suggest that Sweden is nowhere near the threshold needed to realise this. Experts claim that at least 60 per cent of the population would need to have Covid-19 antibodies before herd immunity is reached. The government had hoped for 20 per cent immunity by the end of May, but instead only 7.3 per cent have it. This is lower than most countries that enforced lockdowns, including the UK and US, yet with still no lockdown in place, the full impact for Sweden may still a long way from being realised.

Rockin’ on.

• Brazil Sets Another Record For Daily Coronavirus Deaths (R.)

Brazil registered another record number of novel coronavirus deaths over the last 24 hours, the health ministry said on Tuesday evening, as the pandemic in Latin America’s largest country shows no signs of slowing down. The nation registered 28,936 additional cases of the novel coronavirus, the ministry said, and 1,262 deaths. There are now 555,383 total confirmed coronavirus cases in Brazil and 31,199 coronavirus deaths. The fresh record comes as some Brazilian leaders, including right-wing President Jair Bolsonaro, continue to belittle the virus, warning that the economic fallout from quarantine measures will be worse than the virus itself.

“We lament all deaths, but it’s everyone’s destiny,” Bolsonaro said in front of the presidential residence in Brasilia earlier on Tuesday. Even in states and cities where leaders had previously instituted lockdown orders, authorities have been rapidly loosening restrictions in recent days, despite the number of daily new cases continuing to grow in most regions.

I don’t get why they let them in in the first place. Qatar entered the top 20 of most cases/infections over the past few days, with over 60,000 cases. Thing is, only 2.8 million people live there. For the US, with 117x more people, that would come down to over 7 million cases. Granted, Qatar reports only 43 total deaths. But how credible is that?

• Greece Suspends Qatar Flights After 12 On One Plane Test Positive (K.)

Greece on Tuesday announced they were suspending flights to and from Qatar until mid-June, after 12 out of 91 passengers in a Qatar Airways flight that landed in Athens on Monday tested positive for the coronavirus. Nine of the infected passengers are Pakistani nationals, coming from the city of Gujrat, who have a Greek residence permit, two are Greek nationals coming from Australia and one person is a Japanese national and member of a Greek-Japanese family, the General Secretariat for Civil Protection said in a press release.

All passengers in the flight from Doha to Athens’ International Airport were tested and quarantined in hotels until they got their results back, in line with the current health protocols. Those infected will remain in the hotels for two weeks, while those who tested negative will have to stay for seven days as they are considered close high and low risk contacts, the authority said. Health officers will repeat the tests on the passengers who tested negative after a week.

Timeline of Greece measures

As billions are thrown at everything everywhere, these people have an entire $90,000 in seed funding.

• Handheld High-Intensity UV Lamp Could Kill Coronavirus Once And For All (RT)

We may have a powerful new weapon in the war against Covid-19, as a scientific breakthrough has paved the way for personal, handheld devices that emit high-intensity ultraviolet (UV) light capable of killing the coronavirus. Chemical or UV exposure are the most common methods of sanitizing and disinfecting surfaces from bacteria and viruses. In the latter case, there need to be sufficiently high levels of UV radiation – 200 to 300 nanometers – to kill the unwanted bugs. Such devices do exist at present, but are prohibitively expensive, use discharge lamps that contain mercury, are bulky and short-lived, and require a large amount of power to function. Not exactly ideal for scaling up to rid the world of Covid-19.

However, using theoretical modeling of a range of materials, researchers at Penn State, the University of Minnesota and two Japanese universities believe they have found the holy grail of transparent conductors, which could allow for cheap, easy-to-produce LEDs that emit UV light at a high enough intensity to kill coronavirus. Computer, smartphone and lighting manufacturers have often grappled with finding transparent electrode materials that function in the visible light spectrum, let alone the ultraviolet spectrum. But the researchers have settled on a substance called strontium niobate as the potential game-changer material.

“While our first motivation in developing UV transparent conductors was to build an economic solution for water disinfection, we now realize that this breakthrough discovery potentially offers a solution to deactivate Covid-19 in aerosols that might be distributed in the HVAC (heating, ventilation and air conditioning) systems of buildings,” one of the researchers, Joseph Roth, a doctoral candidate in materials science and engineering at Penn State, explains. The researchers have secured $90,000 in seed funding to determine the ‘Goldilocks zone’ for UV intensity and exposure time to eradicate airborne viruses.

Which wavelengths of UV light are best for killing coronaviruses to disinfect surfaces?

An interdisciplinary team of Penn State researchers has been awarded seed-grant funding to find out. https://t.co/PO5kT77OuN pic.twitter.com/UQA5uBi7f6

— Penn State (@penn_state) June 2, 2020

The Lancet looks unprofessional.

• Lancet Issues Major Disclaimer On Anti-HCQ Study (ZH)

The Lancet has issued a major disclaimer regarding a study which prompted the World Health Organization to halt global trials of hydroxychloroquine (HCQ), an anti-Malaria drug currently being used around the world to treat COVID-19. As we noted last week, major data discrepancies have called the entire study into question – though the lead author says it does not change the study’s findings that patients who received HCQ died at higher rates and experienced more cardiac complications than without. Until the data has been audited, The Lancet issued the following “expression of concern” regarding the study.

“Important scientific questions have been raised about data reported in the paper by Mandeep Mehra et al,” reads the “expression of concern” from The Lancet. “Although an independent audit of the provenance and validity of the data has been commissioned by the authors not affiliated with Surgisphere and is ongoing, with results expected very shortly, we are issuing an Expression of Concern to alert readers to the fact that serious scientific questions have been brought to our attention. We will update this notice as soon as we have further information.” -The Lancet

Of course, this is yet more evidence of the manufactured disinformation surrounding HCQ that Richard Moss, MD, (via AmericanThinker.com) exposes below… I took hydroxychloroquine for two years. A long time ago as a visiting cancer surgeon in Asia, in Thailand, Nepal, India, and Bangladesh. From 1987 to 1990. Malaria is rife there. I took it for prophylaxis, 400 milligrams once a week for two years. Never had any trouble. It was inexpensive and effective. [..] Chloroquine, the precursor of HCQ, was invented by Bayer in 1934. Hydroxychloroquine was developed during World War II as a safer, synthetic alternative and approved for medical use in the U.S. in 1955.

The World Health Organization considers it an essential medicine, among the safest and most effective medicines, a staple of any healthcare system. In 2017, US doctors prescribed it 5 million times, the 128th most commonly prescribed drug in the country. There have been hundreds of millions of prescriptions worldwide since its inception. It is one of the cheapest and best drugs in the world and has saved millions of lives. Doctors also prescribe it for Lupus and Rheumatoid arthritis patients who may consume it for their lifetimes with few or no ill effects. Then something happened to this wonder drug.

[..] It began when President Trump discussed it as a possible treatment for COVID-19 on March 19, 2020. The gates of hell burst forth on May 18 when Trump casually announced that he was taking it, prescribed by his physician. Attacks on Trump and this otherwise harmless little molecule poured in. The heretofore respected, commonly used, and highly effective medicinal became a major threat to life, a nefarious and wicked chemical that could alter critical heart rhythms, resulting in sudden cataclysmic death for unsuspecting innocents. Trump, more than irresponsible, was evil incarnate for daring to even mention it. While at it, the salivating media trotted out the canard about Trump’s nonrecommendation for injecting Clorox and Lysol or drinking fish-tank cleaner to combat COVID. It was Charlottesville all over again.

[..] the media agonized over, of all things, the prolongation of the now infamous “QT interval,” and the risk of sudden cardiac death. The FDA and NIH piled on, piously demanding randomized, controlled, double-blind studies before physicians prescribed HCQ. No one mentioned that the risk of cardiac arrest was far higher from watching the Superbowl. Nor did the media declare that HCQ and chloroquine have been used throughout the world for half a century, making them among the most widely prescribed drugs in history with not a single reported case of “arrhythmic death” according to the sainted WHO and the American College of Cardiology.

When the rich warn about society.

• The Great Unequalizer (El-Erian/Spence)

As parts of the United States begin to open up after months of coronavirus lockdown, hope is rising that some semblance of economic normalcy could be on the near-term horizon. That hope could still be dashed by lingering health, business, and consumer uncertainties, any of which could slow recovery. But for the least fortunate segments of the population, more economic pain is a virtual certainty. Far from the “great equalizer” that some initially dubbed the pandemic, COVID-19 has walloped the U.S. economy in a way that exacerbated inequalities in income, wealth, and opportunity. Absent a timely policy response, this negative trend could begin to reinforce itself, as one debilitating setback for the disadvantaged increases the odds of another.

The data are stark and alarming, and they will get worse before they get better. GDP is set to contract by 30 percent or more this quarter. More than 40 million workers, or roughly a quarter of the U.S. labor force, have filed jobless claims in the last three months. The unemployment rate is likely to approach—and could even exceed—the 25 percent record set during the Great Depression. And all this despite an enormous fiscal and monetary policy relief effort that cost nearly $6 trillion, or 28 percent of U.S. GDP in 2019. The distributional features of the job and income losses are even more concerning. According to a recent survey by the Federal Reserve, 39 percent of workers in households with annual incomes below $40,000 have been laid off or furloughed.

Women have been hit especially hard, as have minorities: of the 20.5 million jobs that vanished in April, 55 percent belonged to women, pushing the unemployment rate for women to 15 percent and the rate for African American women and Hispanic women to 16.4 percent and 20.2 percent, respectively. There is no question that the pandemic has been an unequal opportunity unemployer. Those whose jobs have withstood the shock of COVID-19 are disproportionately in relatively high-paying professions that can accommodate work-from-home arrangements. According to researchers at the University of Chicago’s Becker Friedman Institute, roughly one-third of U.S. jobs can be done remotely, but there are enormous discrepancies by sector—discrepancies that widen further when adjusted for earnings. Whereas 76 percent of (mostly well-paid) finance and insurance jobs can be done from home, for example, the same is true for just three percent of (mostly low-paid) food and service sector jobs.

The effects of the unequalizer.

• Food Bank Parcels For Scottish Children ‘At Record High’ (BBC)

Food banks in Scotland say they have recorded the largest ever increase in emergency food parcels going to children during the pandemic. The Trussell Trust – which runs 83% of the country’s network – reported total deliveries were up 47% in April compared to the same period in 2019. This included a 62% increase in parcels going to children. The trust is now calling for the government to give help to low-income families, including a £250 lump sum. It also wants an extension of cash payments for children eligible for free school meals until schools reopen in August. The Scottish government said it had committed £350m of additional funding “to support those most at risk”.

A spokesman said it was also supporting over 175,000 children with access to free school meals. More than 100 organisations have signed up to a coalition urging the Scottish and UK governments to help “as widespread concern mounts for children’s wellbeing”. The group includes the Trussell Trust, the / Independent Food Aid Network (IFAN) in Scotland and the Joseph Rowntree Foundation (JRF). They want the UK government to introduce a/ temporary/ Coronavirus Emergency Income Support Scheme. The charities say this would “ensure/ everyone has/ enough money in their pocket for essentials during this crisis”.

There was never a reason for the FBI to investigate Flynn. When they did anyway, they found nothing. And still here we are 40-odd months later, and he’s still not been cleared. People are going to pay for this.

• What The Flynn Transcripts Do Not Contain: A Crime (Turley)

“Remember … Ambassador, you’re not talking to a diplomat, you’re talking to a soldier.” When President Trump’s incoming national security adviser, Michael Flynn, said those words to then-Russian Ambassador Sergey Kislyak, he also spoke to American intelligence agents listening in on the call. For three years, congressional Democrats have assured us Flynn’s calls to Kislyak were so disturbing that they set off alarms in the closing days of the Obama administration. They were right. The newly released transcripts of Flynn’s calls are deeply disturbing — not for their evidence of criminality or collusion but for the total absence of such evidence. The transcripts, declassified Friday, strongly support new investigations by both the Justice Department and by Congress, starting with next week’s Senate testimony by former Deputy Attorney General Rod Rosenstein.

It turns out Flynn’s calls are not just predictable but even commendable at points. When the Obama administration hit the Russians with sanctions just before leaving office, the incoming Trump administration sought to avoid a major conflict at the very start of its term. Flynn asked the Russian to focus on “common enemies” in order to seek cooperation in the Middle East. The calls covered a variety of issues, including the sanctions. What was not discussed was any quid pro quo or anything untoward or unlawful. Flynn stated what was already known to be Trump policy in seeking a new path with Russia. Flynn did not offer to remove sanctions but, rather, encouraged the Russians to respond in a reciprocal, commensurate manner if they felt they had to respond.

The calls, and Flynn’s identity, were leaked by as many as nine officials as the Obama administration left office — a serious federal crime, given their classified status. The most chilling aspect of the transcripts, however, is the lack of anything chilling in the calls themselves. Flynn is direct with Kislyak in trying to tone down the rhetoric and avoid retaliatory moves. He told Kislyak, “l am a very practical guy, and it’s about solutions. It’s about very practical solutions that we’re — that we need to come up with here.” Flynn said he understood the Russians might wish to retaliate for the Obama sanctions but encouraged them not to escalate the conflict just as the Trump administration took office.

https://twitter.com/i/status/1268006146423623683

Lindsey Graham has a reputation of scaring away from major questions. But he won’t be able to stop this anymore.

• The 10 Most Important Questions For Rod Rosenstein (Solomon)

Two years ago, then-Deputy Attorney General Rod Rosenstein chafed when asked whether congressional Republicans might have legitimate reason to suspect the factual underpinnings of the Foreign Intelligence Surveillance Act warrants that targeted Trump campaign adviser Carter Page in the Russia probe. Seeming a bit perturbed, Rosenstein launched into a mini-lecture on how much care and work went into FISA applications at the FBI and Justice Department. “There’s a lot of talk about FISA applications. Many people I’ve seen talk about it seem not to recognize that a FISA application is actually a warrant, just like a search warrant. In order to get a FISA warrant, you need an affidavit signed by a career law enforcement officer who swears the information is true … And if it is wrong, that person is going to face consequences,” Rosenstein asserted.

[..] On Wednesday, when he appears before the Senate Judiciary Committee, Rosenstein is likely to strike a humbler tone in the face of overwhelming evidence that the FBI-executed FISAs have been chronically flawed, including in the Russia case he supervised. “Even the best law enforcement officers make mistakes, and some engage in willful misconduct,” Rosenstein said in a statement issued ahead of his appearance. “Independent law enforcement investigations, judicial review and congressional oversight are important checks on the discretion of agents and prosecutors.” [..] Here are the 10 most important questions those senators are likely to set out to answer:

Did Rosenstein read the FISA warrant renewal he signed in summer 2017 against Page, review any evidence supporting it, or ask the FBI any questions about the case before affixing his signature?

Does the former No. 2 DOJ official now believe the FISA was so flawed that it should never have been submitted to the court? Does he regret signing it?

Given what he now knows about flaws with the Steele dossier and FBI probe, would Rosenstein have appointed Robert Mueller as the Russia Special Counsel if given a do-over?

Did Rosenstein engage in a conversation with FBI Deputy Director Andrew McCabe in 2017 about wearing a wire on President Trump as part of a plot to remove the 45th president from office under the 25th Amendment?

Who drafted and provided the supporting materials that Rosenstein used to create the scope of investigation memos that guided Mueller’s probe?

Does Rosenstein have any concerns about the conduct of fired FBI Director James Comey and Deputy Director Andrew McCabe as he looks back on their tenure and in light of the new evidence that has surfaced?

When did Rosenstein learn that the CIA had identified Page as one of its assets — ruling out he was a Russian spy — and that information in Steele’s dossier used in the FISA warrant had been debunked or linked to Russian disinformation?

Does Rosenstein believe the FISA court was intentionally misled, or can the glaring missteps be explained by bureaucratic bungling?

What culpability does Rosenstein assign to himself for the failures in the Russia case he supervised, and what other people does he blame?

Does the former deputy attorney general believe anyone in the Russia case should face criminal charges?

Everything Nadler touches turns to failure. This will be no exception.

• Jerry Nadler Moves To Cut Bill Barr’s Budget By $50 Million (R.)

The Democrat who chairs the U.S. House of Representatives Judiciary committee said on Tuesday he will introduce legislation this week to cut $50 million in funding from Attorney General William Barr’s personal office. New York Representative Jerrold Nadler said he would move to reduce funding for Barr’s personal office as a response to what he called “continued defiance of Congress and improper politicization of the Department of Justice.” Nadler said he was making this move and others in the wake of Barr’s refusal to appear before his committee. Passing such a cut would require approval of both the Democratic-controlled House and the Republican-controlled Senate.

“We do not take these actions lightly or with any sense of joy. We have both a duty and a moral obligation to protect the rule of law in our country, and we intend to do just that,” Nadler said. He complained that although Barr “could not find the time to testify” before his committee because of the coronavirus pandemic, the attorney general “took the time to tour the peaceful protests at Lafayette Park just minutes before riot police fired tear gas into the crowd.” A Justice Department spokesman said the Department informed the committee it would consider scheduling a committee appearance by Barr after the expiration at the end of June of current guidance requiring White House approval for such testimony. He added the Department also might be willing to discuss possible testimony by Barr’s deputy at a “a mutually agreeable date.”

The pic is the cover of a Dutch magazine that says: “Not a nickel extra to Southern Europe”.

• Will Italy Be The Next Country To Leave the EU? (Antonopoulos)

On May 27, the political movement Italia Libera submitted a constitutional bill to the Supreme Court of Cassation demanding a referendum for Italy to leave the EU. After years of discussions, the foundation stone was laid for Italians to debate whether they want to remain in the EU or follow the United Kingdom out of the bloc. The draft bill presented by Italia Libera to the Supreme Court of Cassation is entitled “Call for a referendum on the withdrawal of the state from the European Union.” Effectively, Italia Libera has demonstrated that it is possible to follow an institutional path to allow citizens to decide whether they want to remain in the EU or not – and for those who want to leave, now is the best time considering the massive decline in popularity for the bloc after their abandonment of Italy when it was at the peak of the coronavirus pandemic.

There are many positive aspects to the EU, most notably the free movement of people and a coordinated effort to fight crime through Europol, but these multilateral agreements can exist without a European Parliament and domineering institutions based in Brussels and Strasbourg. As Toppi explained, Italy imagined the EU to be “a community of peoples and not of bankers.” It is for this reason that they announced the bill on the same day an unprecedented European Union Recovery Fund became official. This fund was only established because of the backlash received due to the bloc’s initial disinterest in assisting already struggling economies of the EU that were being further devastated financially by the pandemic.

With widespread southern European dissatisfaction with how the EU abandoned its supposed liberal ideals, particularly Germany, in favour of serving inward self-interests, bloc leaders are now playing catch up. President of the European Commission and Angela Merkel’s right-hand man in previous German governments, Ursula Von Der Leyen, and the President of the European Central Bank, Christine Lagarde, who was also a former member of the Troika of bankers, announced the unprecedented measures to assist Europe through its financial woes. This time they promised real aid that would not completely decimate state structures and entire economies like what happened to Greece, Spain, Portugal, and to a lesser extent Italy, for the entirety of the 2010’s.

The Governor of the Bank of Italy expects a 13% drop in GDP in 2020, and for this reason Toppi emphasized that Italy does not need any further indebtedness which will increasingly put Italy in the hands of international speculators. However, Italians remember that Lagarde announced on March 13, just as coronavirus was truly beginning to overwhelm hospitals, that the pandemic was an Italian problem only. This was the catalyst that saw ordinary Italians begin to remove EU flags from public display and replace them with Russian and Chinese flags in gratitude to the significant assistance that these two countries gave to Italy when it was abandoned by Brussels and Berlin.

Cultures that have existed for centuries.

• Where Did Policing Go Wrong? (Taibbi)

Watching all the terrible news in the wake of the police killing of George Floyd, it’s been hard not to think about Eric Garner. The cases have so many similarities. Once again, an unarmed African-American man in his forties has been asphyxiated in broad daylight by a police officer with a history of abuse complaints. He and his fellow officers ignore cries of “I can’t breathe,” and keep subduing their target even after he stops moving, unconcerned that he’s being filmed. Five years ago, while sketching the outline for a book about the Garner case called I Can’t Breathe, my editor suggested I take on a larger question.

Why, he asked, do we even have police? After all, the history of policing in our country, especially as it pertains to minority neighborhoods, has always rested upon dubious justifications. The early American police forces evolved out of slave patrols in the South, and “progressed” to enforce the Black Codes from the Civil War period and beyond, on to Jim Crow through the late sixties if not longer. In an explicit way, American policing has almost always been concerned on some level with enforcing racial separatism. Because Jim Crow police were upholding a way of life, the actual laws they were given to enforce were deliberately vague, designed to be easily used as pretexts for controlling the movements of black people.

They were charged with punishing “idleness” or “impudence,” and encouraged to enforce a range of vagrancy laws, including such offenses as “rambling without a job” and “leading an idle, profligate, or immoral course of life.” I ended up not taking on that question, focusing on the hard-enough question of what had led two young, amped-up policemen to choke the life out of a harmless father and street character like Garner. I was more interested in those police than all police, and part of me – the white part, probably – thought the answer to the question of why we need police at all was at least somewhat self-evident.

“I mean, the city wouldn’t buy a teacher a pencil and then tell them not to use it, right?

• Police Didn’t Spend Millions On Tank Just To Let Protests Stay Peaceful (Onion)

In response to concerns that law enforcement officers were escalating violence in the nationwide George Floyd uprisings, Los Angeles Police Department officials announced Tuesday that they didn’t spend millions on an awesome tank just to let protests stay peaceful. “We got the city to drop, like, $10 million on this sick tank and you expect we’ll just let people stand there chanting?” said LAPD chief Michael Moore, adding there was “no way in hell” that the department would let something like peaceful demonstrations stop them from making use of the vehicle’s “totally tricked-out” weapons system, armor, and ability to ram through virtually everything in its path.

“I mean, the city wouldn’t buy a teacher a pencil and then tell them not to use it, right? This is the kind of hardware you just can’t let sit gathering dust—same with the grenade launchers, drones, and tear gas. We have whole storage bays full of projectiles and we’re supposed to just not use them? Get real. They wouldn’t give us all this killer stuff if we weren’t supposed to have a little fun.” LAPD officials added that the city’s residents deserved to witness the full scope of all the badass shit their tax dollars could do.

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Debt Rattle May 28 2020

May 282020

May 28, 2020 Posted by Raúl Ilargi Meijer at 11:15 am Finance Tagged with: autonomy, Bill Barr, China, coronavirus, Covid19, Flynn, Ghislaine, HCQ, Hong Kong, India, kiwi, Minneapolis, Rosenstein, Taiwan, TBTF, unmasking 25 Responses »

Edward Hopper Railroad crossing 1926

• Questions Raised Over HCQ Study Which Caused WHO To Halt Trials (G.)

• India Invites Scepticism As It Sticks By Hydroxychloroquine (SCMP)

• South Korea Could Face Return To Restrictions After Spike In New Cases (G.)

• Hong Kong Is No Longer Autonomous From China, US Determines (SCMP)

• China Approves Hong Kong Draft Security Law (NBC)

• Hong Kong’s ‘Significance Is Eroding’, As Trump Considers Next Move (SCMP)

• US And China Fight At United Nations Over Hong Kong (R.)

• What To Expect Now US Deems Hong Kong No Longer ‘Autonomous’ (SCMP)

• Taiwan Will Help Relocate Fleeing Hongkongers – President Tsai (SCMP)

• Suddenly Everything is Too Big to Fail – John Rubino (USAW)

• Flightless Kiwi Economy To Land With A Thud (Austr.)

• The General Election Scenario That Democrats Are Dreading (Pol.)

• AG Barr Launches New ‘Unmasking’ Investigation Around 2016 Election (CNN)

• Former Flynn Lawyers “Find” 6,800 Documents They Failed To Produce (Solomon)

• Rosenstein First Witness In Senate Judiciary’s ‘Crossfire Hurricane’ Probe (JTN)

• New Book Claims Bill Clinton Had Affair With Ghislaine Maxwell (NYP)

• Minneapolis Ablaze Amid Looting (ZH)

The coronavirus death toll in Europe crossed 175,000

New cases past 24 hours in:

• US + 20,103
• Brazil + 20,154
• Russia + 8,371
• UK 4,938
• India + 7,540
• Peru + 6,154

New deaths past 24 hours in:

• US + 1,529
• Brazil + 1,104
• Mexico 462
• UK 343

• Cases 5,813,239 (+ 103,721 from yesterday’s 5,709,518)

• Deaths 357,893 (+ 5,143 from yesterday’s 352,750)

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

From Worldometer:

From SCMP:

From COVID19Info.live:

One single report in the Lancet, based on data from a company nobody seems to know, has had the desired effect. France, the WHO, and now Italy and Belgium have all turned their backs on HCQ.

• Questions Raised Over HCQ Study Which Caused WHO To Halt Trials (G.)

Questions have been raised by Australian infectious disease researchers about a study published in the Lancet which prompted the World Health Organization to halt global trials of the drug hydroxychloroquine to treat Covid-19. The study published on Friday found Covid-19 patients who received the malaria drug were dying at higher rates and experiencing more heart-related complications than other virus patients. The large observational study analysed data from nearly 15,000 patients with Covid-19 who received the drug alone or in combination with antibiotics, comparing this data with 81,000 controls who did not receive the drug.

[..] The study, led by the Brigham and Women’s Hospital Center for Advanced Heart Disease in Boston, examined patients in hospitals around the world, including in Australia. It said researchers gained access to data from five hospitals recording 600 Australian Covid-19 patients and 73 Australian deaths as of 21 April. But data from Johns Hopkins University shows only 67 deaths from Covid-19 had been recorded in Australia by 21 April. The number did not rise to 73 until 23 April. The data relied upon by researchers to draw their conclusions in the Lancet is not readily available in Australian clinical databases, leading many to ask where it came from.

[..] The Lancet told Guardian Australia: “We have asked the authors for clarifications, we know that they are investigating urgently, and we await their reply.” The lead author of the study, Dr Mehra Mandeep, said he had contacted Surgisphere, the company that provided the data, to reconcile the discrepancies with “the utmost urgency”. Surgisphere is described as a healthcare data analytics and medical education company. [..] Dr Allen Cheng, an epidemiologist and infectious disease doctor with Alfred Health in Melbourne, said the Australian hospitals involved in the study should be named. He said he had never heard of Surgisphere, and no one from his hospital, The Alfred, had provided Surgisphere with data.

“Usually to submit to a database like Surgisphere you need ethics approval, and someone from the hospital will be involved in that process to get it to a database,” he said. He said the dataset should be made public, or at least open to an independent statistical reviewer. “If they got this wrong, what else could be wrong?” Cheng said. It was also a “red flag” to him that the paper listed only four authors. “Usually with studies that report on findings from thousands of patients, you would see a large list of authors on the paper,” he said. “Multiple sources are needed to collect and analyse the data for large studies and you usually see that acknowledged in the list of authors.”

This is about health care workers on the front lines, who have nothing else to protect themselves.

• India Invites Scepticism As It Sticks By Hydroxychloroquine (SCMP)

The Indian government is courting controversy by continuing to give the antimalarial drug hydroxychloroquine to health care workers on the front lines of the fight against the coronavirus, despite safety concerns that have prompted the World Health Organisation to pause a large-scale trial of the drug. Scientists at the Indian Council of Medical Research (ICMR), the body leading the coronavirus battle in India, say their studies have shown definitively that the drug – also known as HCQ – helps to prevent infections among health care workers exposed to Covid-19. The ICMR has conducted three studies, involving control groups of between 330 and 1,300 people, in which frontline health care staff have taken the drug as a preventive measure.

Dr Suman Kanungo, ICMR’s senior epidemiologist, told This Week in Asia that further research was being carried out on a control group of 1,500 health care workers and that the results of the studies would be released within a month. He stressed the ICMR recommended the drug as a preventive measure, indirectly implying that it was not recommended as a cure for Covid-19. His comments came after the ICMR’s director general Balram Bhargava said on Tuesday that the group’s studies had shown that HCQ, when used as a preventive measure, had no side-affects. However, some experts are sceptical of the ICMR’s claims, pointing out that India is the world’s largest manufacturer of the drug and that only very limited details of the studies have been made public.

Dr Sapan Desai, CEO of the Surgisphere Corporation and a co-author of the Lancet study, said the study was based on a “specific group” of hospitalised Covid-19 patients. “[We] have clearly stated that the results of our analyses should not be over-interpreted to those that have yet to develop the disease or those that have not been hospitalised. It is in recognition of these limitations of our observational study that we recommended that RCTs [randomly controlled trials] be urgently completed,” he said.

Every government’s nightmare.

• South Korea Could Face Return To Restrictions After Spike In New Cases (G.)

South Korea has reported its biggest daily increase in coronavirus cases in 53 days, triggering warnings it may have to revert to stricter social distancing measures after appearing to have brought the outbreak under control. The Korean Centres for Disease Control and Prevention (KCDC) reported 79 new infections on Thursday with 67 of them from the Seoul metropolitan area, home to about half of the country’s population of 51 million. Officials said health authorities were finding it increasingly difficult to track the transmission routes for new infections and urged people to remain vigilant amid fears of a second wave of Covid-19 infections.

The health minister, Park Neung-hoo, pleaded with residents in and around the capital to avoid unnecessary gatherings and urged companies to allow sick employees to take time off work. “Infection routes are being diversified in workplaces, crammed schools and karaoke rooms in the metropolitan area,” Park said. The recent spike in infections has underlined the risks that come with relaxing social distancing rules, as countries seek to breathe life into their struggling economies. More than 250 new infections were traced to clubs and bars in the Itaewon district of Seoul in early May, while the latest cluster has been linked to a distribution centre in Bucheon, near Seoul, owned by the e-commerce firm Coupang.

The recent rise in cases is affecting the phased reopening of schools, only recently held up as evidence that South Korea, one of the first countries outside China to be affected, had contained the outbreak. More than 500 schools have delayed the resumption of classes over virus concerns, the education ministry said this week. Thursday’s figures followed reports of 40 new cases on Wednesday – the highest figure in seven weeks. South Korea has reported a total of 11,344 cases and 269 deaths from Covid-19.

Pompeo is a pompous fool, but how could one claim he’s mistaken here?

Hong Kong is pivotal for the banking sector that underlies trade between China and the west, between the renminbi and the USD. But because nobody wants the renminbi, it’s that much more pivotal for China.

Hong Kong is interesting for the west only when it’s independent. Once it’s part of China, why stay there?

Hong Kong as it is today, is the culmination of 200 years of development, negotiations, trust building. It will take a very long time for China to establish that somewhere else. Hong Kong has a “special trading status” with the US. Those are not handed out with every box of detergent.

• Hong Kong Is No Longer Autonomous From China, US Determines (SCMP)

In a huge blow to Hong Kong, the Trump administration informed the US Congress on Wednesday that the city is no longer suitably autonomous from China. The assessment is a crucial step in deciding whether Hong Kong will continue to receive preferential economic and trade treatment from the United States. “No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground,” US Secretary of State Mike Pompeo said in a statement. “This decision gives me no pleasure. But sound policy making requires a recognition of reality.” The State Department’s certification is a recommendation and does not necessarily lead to an immediate next step. US officials, including President Donald Trump, now must decide to what extent sanctions or other policy measures should be levelled on the city.

“While the United States once hoped that free and prosperous Hong Kong would provide a model for authoritarian China, it is now clear that China is modeling Hong Kong after itself,” Pompeo said. Under the Hong Kong Human Rights and Democracy Act passed by the US Congress in November, the administration must decide annually whether governance of Hong Kong is suitably distinct from China. Options available to the administration – which may in part depend on Beijing’s reaction, analysts said – include higher trade tariffs, tougher investment rules, asset freezes and more onerous visa rules. The move sent shock waves through China and Hong Kong policy circles. “Wow,” said Bonnie Glaser, director of the China Power Project at the Centre for Strategic and International Studies.

“I fully expect the US to proceed with sanctions on individuals and entities deemed to be undermining Hong Kong’s autonomy,” she continued. “Secondary sanctions are possible on banks that do business with entities found in violation of law guaranteeing Hong Kong’s autonomy.” Analysts noted a long-standing dilemma faced by successive US administrations: if Washington imposes sanctions on Hong Kong, it risks hurting residents of the city at least as much as it penalises Beijing. Following through on threats to change Hong Kong’s status will have a hugely negative impact on US companies operating there as well as on Hongkongers while having a minuscule effect on China, said Nicholas Lardy, a fellow at the Peterson Institute for International Economics. “And I don’t know why we want to punish the citizens of Hong Kong for something that the government in Beijing is doing,” he added.

[..] Under the Basic Law, Hong Kong’s mini constitution, the city’s government has leeway to make its own decisions, other than those involving defence and national security, where Beijing prevails. But at annual political meetings last week in Beijing, China unveiled a resolution that will initiate the legislative process for a new draft legislation banning “secession, subversion, terrorism and foreign interference”. The move will greatly expand the mainland’s power over the city and has elevated concerns that China is rapidly eliminating the “one country, two systems” principle.

They’re going to pass it, because otherwise they would lose face.

• China Approves Hong Kong Draft Security Law (NBC)

The Chinese parliament passed the first hurdle of enacting a draft security law for Hong Kong on Thursday, legislation that has prompted widespread concern about Beijing’s increasing influence on the semi-autonomous region. The annual National People People’s Congress approved the framework of the law by 2,878 votes to one, and it will now go to senior party officials in the Standing Committee of the NPC to be fleshed out. The draft law, which is set to tackle issues such as secession, subversion, terrorism and foreign interference, comes after a year of anti-government protests that at times brought Hong Kong to a standstill. It has already prompted widespread concern around the world. Secretary of State Mike Pompeo said it meant that Hong Kong no longer qualifies for its special status under U.S. law. “The United States stands with the people of Hong Kong,” he said in a statement Wednesday.

“Coming out and decertifying Hong Kong’s autonomy is not the hard decision, The hard work comes now, which is how you implement it.”

• Hong Kong’s ‘Significance Is Eroding’, As Trump Considers Next Move (SCMP)

Economists, diplomats and business figures were scrambling on Thursday to quantify the effect of Washington’s decision to deem Hong Kong “no longer autonomous” from China, with many gaming out the “nuclear option”, in which the United States revokes the city’s special trading status. Former White House officials said that the most likely immediate scenario is that US President Donald Trump approves a “variety” of sanctions, potentially on both Chinese and Hong Kong officials, by the end of the week in response to China’s national security law for Hong Kong. However, “the nuclear option is certainly on the table”, said a former senior Trump administration official, which would see Hong Kong’s status as a region apart from the rest of China removed at a later date, leaving the city vulnerable to trade war tariffs, technological export controls, visa and travel restrictions and greater financial sector scrutiny.

“Coming out and decertifying Hong Kong’s autonomy is not the hard decision,” said Evan Medeiros, who served as former president Barack Obama’s top adviser on the Asia-Pacific and who confirmed that he would have done the same. “The hard work comes now, which is how you implement it.” Should Trump go gung-ho on China, there would be no direct change to Hong Kong’s international status. It would remain a member of the World Trade Organisation (WTO) and the Asia-Pacific Economic Cooperation group. The direct economic impact would be sharp, but short-term, analysts said. But in the long run it will be a huge blow to Hong Kong’s image as an international commercial centre – even as a gateway to China.

“I guess the significance of Hong Kong is eroding and when I go to see the members in Shenzhen and Guangzhou and listen to discussion about the Greater Bay Area, it is pretty much one story, as if Hong Kong is insignificant,” said Joerg Wuttke, president of the European Union Chamber of Commerce for China in Beijing. “Hong Kong cannot be replicated, the unique density of professionals, the transparency of the system, the rule of law, the kind of debate possibilities, the openness. They’re definitely important for developing business in China, for many of us it’s being challenged right now,” Wuttke said.

Like either gives a damn about the UN.

• US And China Fight At United Nations Over Hong Kong (R.)

The United States and China clashed over Hong Kong at the United Nations on Wednesday after Beijing opposed a request by Washington for the Security Council to meet over China’s plan to impose new national security legislation on the territory. The U.S. mission to the United Nations said in a statement that the issue was “a matter of urgent global concern that implicates international peace and security” and therefore warranted the immediate attention of the 15-member council. China “categorically rejects the baseless request” because the national security legislation for Hong Kong was an internal matter and “has nothing to do with the mandate of the Security Council,” China’s U.N. Ambassador Zhang Jun posted on Twitter. The U.S. request coincides with rising tensions between Washington and Beijing over the coronavirus pandemic.

Washington has questioned China’s transparency about the outbreak, which first emerged in Wuhan, China late last year. China has said it was transparent about the virus. The U.S. said China’s opposition to a Security Council meeting on Hong Kong coupled with its “gross cover-up and mismanagement of the COVID-19 crisis, its constant violations of its international human rights commitments, and its unlawful behavior in the South China Sea, should make obvious to all that Beijing is not behaving as a responsible U.N. member state.” Zhang responded: “Facts prove again and again that the U.S. is the trouble maker of the world. It is the U.S. who has violated its commitments under the international law. China urges the U.S. to immediately stop its power politics and bullying practices.”

In the beginning, things will move with caution. But that may not last very long as parties realize the scope of what is happening.

• What To Expect Now US Deems Hong Kong No Longer ‘Autonomous’ (SCMP)

US President Donald Trump has to decide what actions to take after the State Department informed Congress on Wednesday that Hong Kong was no longer considered autonomous from China, an assessment that could threaten the city’s long-standing special trading status. “It’s a one-two action,” said David Stilwell, assistant secretary of the Bureau of East Asian and Pacific Affairs at the State Department on Wednesday evening. “One being the State Department making the assessment that Hong Kong no longer enjoys autonomy,” said Stilwell at a briefing to reporters, referring to US Secretary of State Mike Pompeo’s statement earlier in the day. “And then, [the second action will be] the determination by the White House as to how we’re going to respond,” Stilwell said.

The State Department did not specify how fast that decision may be. “A lot of” options are being considered, including personnel and sanctions “as determined in the United States – Hong Kong Policy Act of 1992 and in the Hong Kong Human Rights and Democracy Act [of 2019],” he said. Under the Hong Kong Human Rights and Democracy Act passed by the US Congress in November, the administration must decide every year whether governance of Hong Kong is suitably distinct from China, which is the prerequisite for the special status to continue. A revocation of Hong Kong’s special trading status with the US will put an end to the preferential economic and trade treatment the city has enjoyed and which has, at least partly, contributed to making it the financial and business hub in the region.

Some analysts and members of the business community, following the State Department’s assessment, have voiced concerns that a status change would inflict more pain on Hong Kong and its people than on Beijing. “Today’s action is best understood as another turn of the screw,” said Terry Haines, an independent political analyst and former Congressional staffer. “It is a strong signal of US government displeasure.” But, given that this is only the first step, and does not necessarily lead to US sanctions or other actions against Hong Kong, there is opportunity to lessen tension, he said. “Expect Congress to help Trump pressure China on Hong Kong autonomy, but not to force Trump’s hand or require sanctions or other actions,” he said.

In his statement earlier on Wednesday, Pompeo said “no reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground.” Pompeo’s assessment came a day before Beijing could pass the national security law tailor-made for Hong Kong. The move aimed to thwart Beijing’s plan to move forward with the passage of the legislation, which is considered a violation of the Sino-British Joint Declaration, the treaty that established the principle of “one country, two systems” and which stipulates the sovereign and administrative arrangement of Hong Kong after the 1997 handover.

After being accused domestically of doing the opposite. Taiwan has always offered help.

• Taiwan Will Help Relocate Fleeing Hongkongers – President Tsai (SCMP)

Taiwanese President Tsai Ing-wen has assured Hongkongers that her government would come up with special measures to help them relocate to the island, in an apparent effort to counter claims that she is giving up on Hong Kong. Tsai said her cabinet would form an ad hoc committee to work out a humanitarian action plan for Hong Kong people. Under the plan, the Mainland Affairs Council, the island’s top mainland policy planner, would establish concrete ways for the administration to help Hongkongers “live, relocate and work in Taiwan”, Tsai said. She said a special budget and resources would be set aside for the programme, which would launched as soon as possible to address the needs of Hongkongers wanting to move amid concerns about threats to freedoms posed by the introduction of a national security law.

After months of anti-government protests in Hong Kong, the National People’s Congress is expected to pass on Thursday a resolution to set up and improve legal and enforcement mechanisms for national security in Hong Kong, a move that has been widely condemned overseas and in the city. The decision to form the committee comes after Tsai came under attack for suggesting in a Facebook post on Sunday that she might consider invoking Article 60 of the Laws and Regulations Regarding Hong Kong and Macau Affairs by suspending the “application of all or part of the provisions of the act” if the NPC bypassed Hong Kong’s Legislative Council to approve the security law. That would mean an end to the preferential treatment given to people from Hong Kong and Macau, including to visit and invest in the self-ruled island.

Opposition lawmakers said the move would effectively suspend the city’s special status, essentially shutting the door to Hong Kong people doing business, studying or fleeing to Taiwan to avoid penalties for their protest actions in the city.
They criticised Tsai for trying to “dump” Hong Kong people after using them to win January’s presidential election. Tsai’s strong support for the mass protests in Hong Kong last year – triggered by a now-shelved extradition bill – helped her win a landslide in January’s presidential poll for which she secured a second four-year term. Tsai’s suggestion also attracted concerns from civic and human rights groups in Taiwan.

More reason to bail out people, not companies.

• Suddenly Everything is Too Big to Fail – John Rubino (USAW)

Everyone needs be looking past the Coronavirus crisis and at what governments are trying to do to counter the economic destruction and massive unemployment. Is the financial cure worse than the disease? Financial writer John Rubino says look at commercial real estate as an omen of what is to come. Rubino explains, “Sooner or later you’ve got to pay your bills, and if you don’t have anybody paying your bills to you, then you go bankrupt. Commercial real estate could just be a blood bath, which take us back to all the bailouts. You can’t let a big sector go bust in this world because suddenly everything is too big to fail. There is not a major sector out there that can be allowed to go bust. Not the airlines, not commercial real estate, certainly not the banks, you name it and it has to be bailed out. That’s where the really crazy stuff starts. When people figure out we are basically bailing out everybody from home owners to student loan holders, to car loan holders and right down the line, and then we get state and local governments with this gigantic multi-trillion dollar problem . . . and the amount of debt is off the charts to bail all of these guys out, that is when the real fun starts.”

How long will the bailouts go on? Rubino says, “We are heading into a Presidential election, which means we cannot let anything major fail. If you are the Trump Administration and Congress, you can’t let something big fail because it’s a crisis right before you need to get re-elected. So, you’ve got to bail people out. That’s what California, Illinois and Chicago, New York, Kentucky and all the bankrupt and badly run states have been hoping for all along. They have been hoping there would be a big crisis that would bail them out of their horrendous mismanagement of the past 20 or 30 years. There was no way that Illinois was not going to go bankrupt in normal times . . . or Chicago. . . . Now, they can go to the federal government and say we need a trillion dollars right now or we are going to lay off all the cops and all the teachers, and they think they have a pretty good chance of getting the bailout because the alternative is poison for the people running for office . . . . If you are the Trump Administration or Congress, I don’t see how you stop bailing people out before the election.”

Not everyone in Australia wants a travel bubble, apparently.

• Flightless Kiwi Economy To Land With A Thud (Austr.)

No national leader has been as feted as Jacinda Ardern during this pandemic. Young and progressive, New Zealand’s Prime Minister was popular before the crisis. Since she imposed the favoured pandemic solution of the left — a hard lockdown, shutting practically all business and no socialising with anyone outside your home — her star has only risen. “Laughing in the face of seismic shakes, she has calmly steered her country in the face of a massacre, an eruption and a pandemic,” The Guardian cooed on Tuesday. Steering it into an economic abyss, perhaps. New Zealand’s economy is in strife. Without major change, our constitutional cousin is in decline. Its public finances are in tatters, its biggest export, tourism, has been obliterated — Air New Zealand announced 4000 job losses this week — and New Zealand police now can enter people’s homes without a warrant.

“New Zealand is going backwards, falling behind the vast ≠majority of our OECD partners in virtually every social and economic measure that matters,” said Roger Douglas, a former New Zealand Labour treasurer and the famed architect of Rogernomics. New Zealand ranks fourth last in the OECD for labour productivity growth, and last for multi-factor productivity growth, according to economist Michael Reddell, based on OECD data. Health and education are gobbling up more of the budget as the population ages, with less and less to show for it.

I think they fear other scenarios a lot more. Like the full exposure of Obamagate.

• The General Election Scenario That Democrats Are Dreading (Pol.)

In early April, Jason Furman, a top economist in the Obama administration and now a professor at Harvard, was speaking via Zoom to a large bipartisan group of top officials from both parties. The economy had just been shut down, unemployment was spiking and some policymakers were predicting an era worse than the Great Depression. The economic carnage seemed likely to doom President Donald Trump’s chances at reelection. Furman, tapped to give the opening presentation, looked into his screen of poorly lit boxes of frightened wonks and made a startling claim. “We are about to see the best economic data we’ve seen in the history of this country,” he said.

[..] Furman’s case begins with the premise that the 2020 pandemic-triggered economic collapse is categorically different than the Great Depression or the Great Recession, which both had slow, grinding recoveries. Instead, he believes, the way to think about the current economic drop-off, at least in the first two phases, is more like what happens to a thriving economy during and after a natural disaster: a quick and steep decline in economic activity followed by a quick and steep rebound. The Covid-19 recession started with a sudden shuttering of many businesses, a nationwide decline in consumption and massive increase in unemployment. But starting around April 15, when economic reopening started to spread but the overall numbers still looked grim, Furman noticed some data that pointed to the kind of recovery that economists often see after a hurricane or industrywide catastrophe like the Gulf of Mexico oil spill.

Consumption and hiring started to tick up “in gross terms, not in net terms,” Furman said, describing the phenomenon as a “partial rebound.” The bounce back “can be very very fast, because people go back to their original job, they get called back from furlough, you put the lights back on in your business. Given how many people were furloughed and how many businesses were closed you can get a big jump out of that. It will look like a V.”

How many consecutive investigations is that now?

• AG Barr Launches New ‘Unmasking’ Investigation Around 2016 Election (CNN)

Attorney General William Barr has tasked a US attorney with reviewing instances of “unmasking” done around the 2016 election, adding the weight of a senior federal prosecutor behind an issue that President Donald Trump has seized on in recent weeks to underpin unfounded allegations about his predecessor. John Bash, the US attorney in San Antonio, will be handling the review in support of the ongoing criminal investigation being led by John Durham, a Connecticut prosecutor, according to a Justice Department spokeswoman. “Unmasking inherently isn’t wrong but certainly the frequency, the motivation and the reasoning behind unmasking can be problematic.

“When you’re looking at unmasking as part of a broader investigation, like John Durham’s investigation, looking specifically at who was unmasking whom can add a lot to our understanding about motivation and big picture events,” Kerri Kupec, the department spokeswoman, said in an interview with Fox News. Earlier this month, then-acting Director of National Intelligence Richard Grenell declassified a list of names of former Obama administration officials who allegedly had requested the “unmasking” of the identify of Trump’s first national security adviser, Michael Flynn. Senate Republicans later released the list, which named Obama administration officials who “may have received” Flynn’s identity in National Security Agency intelligence reports after requests to unmask Americans.

On Fox, Kupec said that Barr had “determined that certain aspects of unmasking needed to be reviewed separately as a support” to the Durham investigation. Bash will be looking “specifically at episodes both before and after the election,” Kupec said. Bash is the latest in a string of top prosecutors Barr has assigned to handle politically charged reviews. Durham, the longtime Connecticut prosecutor, was assigned to review the origins of the Russia investigation earlier this month. Jeff Jensen, the US attorney in St. Louis, had scrutinized the handling of the Flynn prosecution and recommended earlier this month that the Justice Department drop the charges. Barr has said that he has since tasked Jensen with examining other issues, but the department has not said what those issues are.

The greatest intelligence trap
history has ever revealed! pic.twitter.com/gzyYJrIlfr

— Fake News Crime Fighter (@realTT2020) January 30, 2019

Openly lying to a court.

• Former Flynn Lawyers “Find” 6,800 Documents They Failed To Produce (Solomon)

The surprises keep coming in former National Security Adviser Michael Flynn’s legal battle to overturn his conviction in the Russia probe. Just days after the FBI belatedly produced possible evidence of innocence to Flynn’s new legal team led by Attorney Sidney Powell, his old law firm on Tuesday informed the judge it had located 6,800 documents that it failed to turn over as required by a court order in 2019. Covington & Burling LLP told the court its search team failed to search all of the law firm’s records and missed the documents, mostly emails. The documents were produced to Powell on Tuesday.

“Covington determined that an unintentional miscommunication involving the firm’s information technology personnel had led them, in some instances, to run search terms on subsets of emails … rather than on the broader sets of emails that should have been searched,” Flynn’s former attorney Robert Kelner told the court in a motion. “We now have performed another search, using search terms and manual reviews, on a broader universe of material to correct the earlier error and to transfer additional documents that are part of the client file,” Kelner wrote, saying his firm was willing to assist Powell on any other matters and to address any questions the judge may have about the oversight.

“They began to get increasingly concerned that somebody like Gen. Flynn, with all his intelligence experience, was going to become a national security adviser," because he'd "instantly grasp the ramifications" of what they did, says @themarketswork

WATCH: https://t.co/DEeqXmFCMK pic.twitter.com/Hbeskm5zq2

— American Thought Leaders with Jan Jekielek (@AmThoughtLeader) May 27, 2020

Graham wants Flynn, Obama and Trump to participate, but he doesn’t seek their testimony.

• Rosenstein First Witness In Senate Judiciary’s ‘Crossfire Hurricane’ Probe (JTN)

Former acting Attorney General Rod Rosenstein will be the first witness to testify in the Senate Judiciary Committee’s investigation into the FBI’s handling of its Russia collusion probe, the panel announced Wednesday. Rosenstein is set to testify the morning of June 3 before the committee led by Chairman Sen. Lindsey Graham. The South Carolina Republican called for a formal inquiry a few weeks ago, following the release of declassified information that showed officials in the FBI’s Crossfire Hurricane probe appeared to exceed authority, or at the very least break with protocol. Among the biggest revelations in the documents was that the FBI appeared to know that then-National Security Adviser Michael Flynn had not colluded with Russia during the 2016 presidential election to influence the race’s outcome, but still interviewed him and pressed him into a guilty plea.

Graham, who is seeking subpoena authority in the probe, has said the committee will look into the appointment of retired FBI chief Robert Mueller as special counsel in the investigation. Rosenstein appointed Mueller and set the parameters of his authority. Graham said after the release of the documents — which was followed by the Justice Department asking a federal court to dismiss its Flynn case — that he would also seek testimony from former FBI Director James Comey, former FBI Deputy Director Andrew McCabe, former Director of National Intelligence James Clapper, former CIA Director John Brennan and former Deputy Attorney General Sally Yates.

The first phase of the panel’s investigation “will deal with the government’s decision to dismiss” the case against Flynn, as well as “an in-depth analysis of the unmasking requests made by Obama Administration officials against Gen. Flynn,” Graham recently said. He has also invited Flynn, former President Obama and President Trump to participate.

What the heck, let’s do some gossip.

• New Book Claims Bill Clinton Had Affair With Ghislaine Maxwell (NYP)

Bill Clinton had an affair with British-born socialite Ghislaine Maxwell, who is accused of helping recruit underage victims for notorious pedophile Jeffrey Epstein, according to a blockbuster new book. The ex-president — who denies cheating on wife Hillary Clinton with Maxwell — reportedly engaged in the romps during overseas trips on Epstein’s private plane, a customized Boeing 727 that’s since become known as the “Lolita Express.” The nation’s 42nd head of state also repeatedly sneaked out to visit Maxwell at her Upper East Side townhouse, as detailed in this exclusive excerpt. Excerpt from “A Convenient Death: The Mysterious Demise of Jeffrey Epstein,” by Alana Goodman and Daniel Halper, out June 2:

“Clinton was allegedly carrying on an affair with at least one woman in Epstein’s orbit, but she was well over the age of consent. Ghislaine Maxwell, a constant presence at the ex- president’s side during these trips, was the primary reason Clinton let Epstein ferry him around the world. “[Bill] and Ghislaine were getting it on,” a source who witnessed the relationship said in an interview. “That’s why he was around Epstein—to be with her.” The source explained that reporters have been missing the point about the Clinton- Epstein relationship by focusing on Epstein’s sex crimes. “[Clinton’s] stupid but not an idiot,” the source says, dismissing the idea that the ex- president was sexually involved with children.

Clinton’s primary interest in Epstein was the woman he once dated and who allegedly helped procure her ex-boyfriend’s future victims. “You couldn’t hang out with her without being with him,” the source said of the Epstein-Clinton relationship. “Clinton just used him like everything else,” the source explains. In this case, Epstein was being used as an alibi while he hooked up with Maxwell.

[..] while attending the Clinton Global Initiative in New York City, at the end of an Indian summer, in September 2009, a process server walked through the packed lobby of the Sheraton Hotel…and served Ghislaine Maxwell papers for a deposition,” the journalist Conchita Sarnoff recalls. “Maxwell…was huddled in a small group talking to other guests” as the server approached her. He “called out her name and…with so many people surrounding her, Maxwell was unsuspecting. She confirmed her identity and he served her notice. The deposition was in relation to Epstein’s sexual abuse case. The server left at once,” Sarnoff writes in her book, TrafficKing.

I’m old enough to remember that Black Lives Matter only became a going concern under America’s first black president.

• Minneapolis Ablaze Amid Looting (ZH)

High unemployment, crashed economy, and now social unrest rears its ugly head as America descends into chaos ahead of the summer months. Across social media, pictures and videos coming from the streets of Minneapolis on Tuesday evening are absolutely stunning. Protests broke out following the death of George Floyd, a black man who died in police custody a day earlier. This reminds us of the 2014 Ferguson Riots and 2015 Baltimore Riots, in both incidents, the trigger for unrest was a young black man killed while in police custody. Unlike 2014/15, the economy has now plunged into a depression and tens of millions of people are unemployed, as some have to resort to food banks because they’ve fallen into instant poverty, which all suggests tensions are already running high as warmer weather entices people to step outside. With no work, why not riot?

Shown below, police fired rubber bullets, tear gas, and stun grenades at protesters. The initial demonstrations started peacefully than quickly got out of hand. Some hurled blunt objects at law enforcement while damaging police cars. The early hours of the protest were peaceful, hundreds, and maybe even more than a thousand people, were seen marching across 38th Street. Some carried signs that read “Justice for George Floyd,” “I can’t breathe,” and “Black Lives Matter.”

Our Minneapolis #GeorgeFloyd protest stream is back up, now with increased quality. We will stay live for you, networks permitting:https://t.co/4DTgvFtAzQ

— Unicorn Riot (@UR_Ninja) May 28, 2020

I remember this like it was yesterday. The LA Riots. The Koreans were not playing and I can vividly recall how impressed I was by their fortitude. https://t.co/DTYRL9Pmvi

— Adryana (@RedPilledChica) May 28, 2020

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

Thank you.

NEW: Here’s 11 local news stations just straight up running an Amazon scripted segment ahead of their shareholders meeting pic.twitter.com/wc8HbJT4ki

— Colin Jones (@colinjones) May 26, 2020

https://twitter.com/i/status/1265474120680181762

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Debt Rattle January 19 2020

Jan 192020

January 19, 2020 Posted by Raúl Ilargi Meijer at 10:36 am Finance Tagged with: Biden, FBI, Framers, Giuliani, Lisa Page, petrodollar, Poland, Putin, Rosenstein, Sanders, Strzok, WWII, York 11 Responses »

John Collier “Grandfather Romero, a member of the family of Juan Lopez, the majordomo, is ninety-nine years old.” Trampas, New Mexico 1943

• Biden Charges Sanders Camp Issued ‘Doctored Video’ To Attack Him (Pol.)

• Rod Rosenstein Admits To Leaking Texts Between Peter Strzok, Lisa Page (NYP)

• DOJ Court Filing Reveals Rosenstein Behind Strzok-Page Text Dumps (ZH)

• House Files “Framers’ Worst Nightmare” Legal Brief (ZH)

• Gowdy: God Help Us If The Trial Lasts Six Weeks (ZH)

• Rudy Giuliani Once Had A Real Chance Of Becoming President (G.)

• Boris Johnson Plans To Move House Of Lords To York (R.)

• A Hidden Parliamentary Session Revealed Trump’s True Motives In Iraq (Webb)

• The Petrodollar and the Phantom of the Petroyuan (Webb)

• Putin Rejects Idea Of Soviet-Style Leaders For Life (R.)

• Russia To Combat Rewriting Of WWII History With New Open-Archive Center (RT)

Does Biden know how a video is doctored? He’s handing the Sanders camp a big freebee.

• Biden Charges Sanders Camp Issued ‘Doctored Video’ To Attack Him (Pol.)

Joe Biden accused Bernie Sanders’ campaign Saturday of issuing a “doctored video” to attack him over Social Security, a false claim that ratcheted up the tension between the two campaigns in the run-up to the Iowa caucuses. “Let’s get the record straight,” Biden said at Simpson College here. “There’s a little, doctored video going around … saying I agreed with Paul Ryan, the former vice presidential candidate, about wanting to privatize Social Security.” But the video in question — of Biden’s 2018 remarks to the Brookings Institution think tank — was not doctored by Sanders, whose campaign this month stepped up criticisms of Biden’s record on Social Security.

Democratic presidential candidate Joe Biden accused rival Bernie Sanders’ campaign of putting out a ‘doctored’ video which falsely shows Biden supporting the privatization of Social Security and called on the Sanders campaign to disown it https://t.co/U13GdAQ4xu pic.twitter.com/uiWGbuoIej

— Reuters (@Reuters) January 19, 2020

Sanders’ campaign did say in a recent campaign email that “Biden lauded Paul Ryan for proposing cuts to Social Security and Medicare” — which PolitiFact said Sanders’ campaign got wrong. But there is no evidence that the campaign altered any video. Biden, however, referenced the fact-checking website in making a muddled claim: “PolitiFact looked at it and they doctored the photo, they doctored the piece and it’s acknowledged that it’s a fake.”

Sanders’ campaign bristled at the criticism from Biden — a serious charge that Democrats recently have begun to level at Republicans, including Donald Trump, for manipulating images and videos on social media. An aide said Sanders might address the criticism head on. “Joe Biden should be honest with voters and stop trying to doctor his own public record of consistently and repeatedly trying to cut Social Security,” said Sanders Campaign Manager Faiz Shakir in a statement Saturday. “The facts are very clear: Biden not only pushed to cut Social Security — he is on tape proudly bragging about it on multiple occasions.”

Here’s the video @JoeBiden is desperate to hide. He’s trying to mislead voters and now Politico is calling him out for wildly lying: https://t.co/daC7sAKRA4

Don’t let him get away with it. Retweet this: #BidenSocialSecurityCuts ✂️pic.twitter.com/MIAx4nO9Qa

— David Sirota (@davidsirota) January 19, 2020

Things are moving too fast for me to keep up. Rosenstein was in the Trump camp’s crosshairs forever, but now all of a sudden he’s the other camp’s worst enemy?

• Rod Rosenstein Admits To Leaking Texts Between Peter Strzok, Lisa Page (NYP)

Mystery solved. Former Deputy Attorney General Rod Rosenstein has ‘fessed up to giving explosive text messages of FBI employees Peter Strzok and Lisa Page to the press in 2017. The messages between the two, exchanged in 2016 while both were involved in sensitive political probes, revealed their antipathy to then-candidate Donald Trump and loyalty to Hillary Clinton. Rosenstein’s admission came in a Friday-night court filing by the Department of Justice, which is seeking to dismiss Strzok’s lawsuit challenging his June 2016 firing, Politico reported. The former agent’s case seeks damages for invasion of privacy, arguing that the texts were disclosed due to political pressure from the White House.

But Rosenstein, who left the DOJ last year, says he made the texts public to protect Page and Strzok — because Congress was about to hear about the embarrassing messages anyway. “Providing the most egregious messages in one package would avoid the additional harm of prolonged selective disclosures” from leaky congressional staffers, wrote Rosenstein, who now has a corporate law gig. The texts showed that Page and Strzok had feared Trump might win the election. Both had worked on the probe into whether Clinton jeopardized classified information by using a private email server while she was secretary of state as well as Crossfire Hurricane, the feds’ investigation into the Trump campaign.

Later, they worked briefly on special counsel Robert Mueller’s probe into alleged ties between Trump’s campaign and Russia. “This man cannot be president,” Page wrote in March 2016. “She just has to win now,” she said in a July 2016 message, referring to Clinton. In his texts to Page, Strzok referred to Trump as an “idiot” and a “douche.” Shortly before the 2016 election, he wrote that the prospect of a Trump presidency made him “scared for our organization.”

Strzok and Page sent 100s, 1000s of messages to each other, often during work hours, but they still get to claim invasion of their privacy?

• DOJ Court Filing Reveals Rosenstein Behind Strzok-Page Text Dumps (ZH)

Former Deputy Attorney General Rod Rosenstein authorized the release to the media of text messages between ‘FBI lovebirds’ Peter Strzok and Lisa Page, many of which revealed deep animus towards then-candidate Donald Trump while they were investigating him during the 2016 presidential campaign, according to Politico. In a Friday night court filing submitted shortly before midnight, Rosenstein says he made the decision to protect Strzok and Page from the damaging effects of lawmakers and others releasing the texts for use as political ammunition.

“In the messages, Strzok and Page regularly disparaged Trump and appeared to seek to reassure each other he could not be elected. Both called Trump an “idiot” and said Democratic nominee Hillary Clinton deserved to win. The texts also included murky discussions of an “insurance policy” to guard against Trump’s election. Trump backers have interpreted the reference as a plan to use the then-ongoing investigation into ties between Trump advisers and Russia as way to prevent him from taking office or undermine his presidency, but Strzok and Page have denied any such intent.” -Politico. Lisa Page – who sued the DOJ and FBI in December over the release, appears to be pissed.

All I can say is this: I very much look forward to Rod’s deposition. https://t.co/so43a38WBh

— Lisa Page (@NatSecLisa) January 18, 2020

Strzok has separately sued the agencies as well – for which Rosenstein’s admission was submitted as part of the government’s defense. The former DAG says that public disclosure of the texts was inevitable in connection with testimony he was set to give the next day in front of the House Judiciary Committee. “With the express understanding that it would not violate the Privacy Act and that the text messages would become public by the next day in any event, I authorized [Justice’s Office of Public Affairs] to disclose to the news media the text messages that were being disclosed to Congressional committees,” wrote Rosenstein.

“In November, the Justice Department asked U.S. District Court Judge Amy Berman Jackson to throw out Strzok’s suit, which challenges both his firing from the FBI and the release of the texts. However, Strzok’s attorneys countered in a court filing last month that one reason to allow the suit to proceed was that Justice Department was being vague about just who made the final call to give the messages. Arguing that an air of mystery continued to surround the disclosure, Strzok lawyer Aitan Goelman called “revealing” Justice’s decision to seek dismissal of the suit without identifying the responsible official. “An agency cannot avoid Privacy Act liability for a disclosure actually made for an improper purpose by eliciting a sanitized after-the-fact rationale from an official who does not have all of the facts,” Goelman wrote. -Politico

Always wonder why people claim to know exactly what the Framers meant, and to the exclusion of their political rivals.

• House Files “Framers’ Worst Nightmare” Legal Brief (ZH)

Ahead of Tuesday’s opening arguments in the Senate impeachment trial, House Democrats – seven impeachment managers led by Intelligence Committee Chairman Adam Schiff – filed their legal brief today. The 111-page summons urges the Senate to “eliminate the threat that the President poses to America’s national security” as it lays out the case against President Trump. The House legal filing (due by 5pmET) reiterates the findings of the House Intelligence and Judiciary panels, which, after hearing from witnesses and experts, settled on charging Trump with abuse of power and obstruction of Congress.

Additionally, the case that House prosecutors sent to the Senate references new evidence that wasn’t part of the impeachment inquiry, including material from Lev Parnas, an associate of Trump’s personal lawyer Rudy Giuliani, according to Democratic officials familiar with the argument. “The evidence overwhelmingly establishes that he is guilty of both. The only remaining question is whether the members of the Senate will accept and carry out the responsibility placed on them by the Framers of our Constitution and their constitutional Oaths,” the brief reads. “History will judge each Senator’s willingness to rise above partisan differences, view the facts honestly, and defend the Constitution.”

Compiled by the seven Democrats serving as impeachment managers, the brief describes the president’s conduct as “the Framer’s worst nightmare” in arguing that he should be impeached and removed from office. “President Trump’s ongoing pattern of misconduct demonstrates that he is an immediate threat to the Nation and the rule of law. It is imperative that the Senate convict and remove him from office now, and permanently bar him from holding federal office,” they write. President Trump’s legal team outlined the fiery response to its impeachment summons, calling the two articles of impeachment passed by the House last month “a dangerous attack on the right of the American people to freely choose their president.”

The six-page document – which they stressed is different from the brief that is not due until Monday – offers a taste of the rhetoric expected to be deployed by the president’s defenders in the Senate. “This is a brazen and unlawful attempt to overturn the results of the 2016 election and interfere with the 2020 election, now just months away,” the filing states. Trump’s legal team, led by White House counsel Pat Cipollone and Trump personal lawyer Jay Sekulow, is challenging the impeachment on both procedural and constitutional grounds, claiming Trump has been mistreated by House Democrats and that he did nothing wrong. Notably, at least four of the impeachment managers, including Schiff, are scheduled to appear Sunday on political talk shows.

Only six weeks? But that only takes us to early March, 8 whole months before the election.

• Gowdy: God Help Us If The Trial Lasts Six Weeks (ZH)

Former Rep. Trey Gowdy (R-SC) told Fox News this week that he predicts President Donald Trump’s Senate trial will be short and that the president’s best defense is a review of the transcript. “The transcript is the single best piece of evidence that the president has,” Gowdy said. “Who brought up Rudy Giuliani’s name? It wasn’t Donald Trump. It was Zelensky. This was the second call, not the first call. If President Trump were really hell-bent on ensuring that Ukraine investigate the Bidens, would he not have brought that up in the first telephone call he had with Zelensky? Why wait till the second?” “As far as the timing of this trial is concerned, Trey, they are estimates that it could be quick, it could last as long as six weeks,” Fox News co-host Sandra Smith said. “Where do you fall on that, and what is the length of time mean?”

“I mean God help us if it lasts six weeks,” Gowdy responded. “The investigation is over, so it’s Schiff’s job to present the case. If he’s going to present the case on the paper with the depositions, it shouldn’t take that long. I don’t need Adam to read the depositions to me; the jury can go read it themselves.” “If they open it up to witnesses, and they want Bolton, and then there’s some Republicans that want four or five other witnesses, it could last six weeks,” Gowdy continued. “Sandra, I just have not met anyone whose opinion has changed during the pendency of this investigation. I can’t identify – maybe three open-minded jurors in the U.S. Senate. I just don’t, no matter how long it lasts, I don’t think it’s gonna change anyone’s mind in the Senate or among my fellow citizens. The shorter the better.”

Fox News co-host Bill Hemmer asked, “Did you want to give us a time frame for that?” “I’m saying two weeks,” Gowdy said. “If it goes six weeks, then they’re going to have to make some hard decisions on which witnesses are important enough to hear from and which ones, while they may have relevant evidence, we just don’t – I think in terms of a real trial.” “Why would you ever not call a witness if that witness has relevant information?” Gowdy continued. “How do you pick which ones to call and which ones not to? You can never do that in a real trial. So, if we’re going to open this thing up anew to a brand new investigation, then call everybody, and God knows how long that’ll take.”

Nobody feels bad he didn’t get the job, himself least of all.

• Rudy Giuliani Once Had A Real Chance Of Becoming President (G.)

If things had gone a little differently, Rudy Giuliani might have been elected president in 2008. The former New York City mayor turned Donald Trump stooge led polling in the Republican primaries for almost a year, and was seen as someone who could defeat Hillary Clinton – then the presumptive Democratic nominee – in key metropolitan areas. Giuliani, still riding a wave of good feeling from his handling of the 9/11 attacks, was raising serious amounts of cash, and was the best-known of the Republican candidates. He had a very real chance of succeeding George W Bush. But Giuliani’s campaign collapsed in chaotic fashion, and he became a political irrelevance – until re-emerging a decade later as Donald Trump’s lawyer, mouthpiece, bungling envoy to Ukraine and a central character in the third impeachment of an American president.

It’s hard to imagine now, but at the end of 2006, Giuliani was the most popular politician in the country. In March 2007, after Giuliani formally announced his White House campaign, he was the early favorite to win the Republican primary contest, with 44% support nationwide. (John McCain, the eventual nominee, was second with 20%.) Giuliani maintained that lead throughout the year, and raised the most money. Armed with a campaign slogan that read like the responses to a word-association examination – “Tested. Ready. Now” – Giuliani seemed destined to represent the Republican party in the November 2008 election.

“When Rudy Giuliani entered the race he was seen as the frontrunner,” said Capri Cafaro, a former minority leader of the Ohio senate and an adjunct professor at the American University school of public affairs. Oprah Winfrey had dubbed Giuliani “America’s mayor” following the 9/11 attacks – a moniker that stuck – while Time magazine went further, naming Giuliani its person of the year for 2001 and branding him “mayor of the world”. Cafaro said: “His strength predominantly came from being seen as America’s mayor – in light of this being just a few years after 9/11. [He was] playing to his strengths: his strengths in national security and essentially being able to rise to the occasion as a leader.”

[..] Giuliani was still leading the polls in the summer of 2007, six months out from the first Republican vote in Iowa. But he hit an unexpected problem, in the form of a man dressed in a chicken suit – the “Iowa Chicken” – who tirelessly followed Giuliani around in protest at him skipping the Ames straw poll, a traditional barometer of the Republican primary race.

Can we move the Senate to the Appalachians?? Alabama?

• Boris Johnson Plans To Move House Of Lords To York (R.)

Prime Minister Boris Johnson is planning to relocate parliament’s upper house, the House of Lords, to the northern English city of York, the Sunday Times reported. In last month’s national election for the lower house, Johnson’s Conservatives won a swathe of seats in the traditional Northern English heartland of the opposition Labour Party as he secured a large majority in parliament. With a view to securing these gains, Johnson has promised to ramp up investment in the north of England, which suffered under the decline of heavy industries and austerity policies since the financial crisis, the Sunday Times said, without citing sources.

York, founded by the Romans and famed for its large minster, is first choice for the move, ahead of Birmingham, Britain’s second-largest city. The unelected House of Lords, which dates back to the 14th Century, is principally seen as a revising and refining mechanism but it technically has the power to block laws.

Whitney’s laying it on a little thickish.

• A Hidden Parliamentary Session Revealed Trump’s True Motives In Iraq (Webb)

Since the U.S. killed Iranian General Qassem Soleimani and Iraqi militia leader Abu Mahdi al-Muhandis earlier this month, the official narrative has held that their deaths were necessary to prevent a vague, yet allegedly imminent, threat of violence towards Americans, though President Trump has since claimed whether or not Soleimani or his Iraqi allies posed an imminent threat “doesn’t really matter.” While the situation between Iran, Iraq and the U.S. appears to have de-escalated substantially, at least for now, it is worth revisiting the lead-up to the recent U.S.-Iraq/Iran tensions up to the Trump-mandated killing of Soleimani and Abu Mahdi al-Muhandis in order to understand one of the most overlooked yet relevant drivers behind Trump’s current policy with respect to Iraq: preventing China from expanding its foothold in the Middle East.

Indeed, it has been alleged that even the timing of Soleimani’s assassination was directly related to his diplomatic role in Iraq and his push to help Iraq secure its oil independence, beginning with the implementation of a new massive oil deal with China. While recent rhetoric in the media has dwelled on the extent of Iran’s influence in Iraq, China’s recent dealings with Iraq — particularly in its oil sector — are to blame for much of what has transpired in Iraq in recent months, at least according to Iraq’s Prime Minister Adel Abdul-Mahdi, who is currently serving in a caretaker role.

Much of the U.S. pressure exerted on Iraq’s government with respect to China has reportedly taken place covertly and behind closed doors, keeping the Trump administration’s concerns over China’s growing ties to Iraq largely out of public view, perhaps over concerns that a public scuffle could exacerbate the U.S.-China “trade war” and endanger efforts to resolve it. Yet, whatever the reasons may be, evidence strongly suggests that the U.S. is equally concerned about China’s presence in Iraq as it is with Iran’s. This is because China has the means and the ability to dramatically undermine not only the U.S.’ control over Iraq’s oil sector but the entire petrodollar system on which the U.S.’ status as both a financial and military superpower directly depends.

Part 2 from the article above. Of course the US is worried about China’s growing influence, in the Middle East and elsewhere. But how much oil can you trade for services before you run out of those? That only seems a concern if Iraq would become a Chinese satellite. Not going to happen.

China is a threat to the petrodollar only when the yuan becomes freely tradable. But that would be a direct threat to the CCP and Xi.

• The Petrodollar and the Phantom of the Petroyuan (Webb)

In his televised statements last week following Iran’s military response to the U.S. assassination of General Soleimani, Trump insisted that the U.S.’ Middle East policy is no longer being directed by America’s vast oil requirements. He stated specifically that: “Over the last three years, under my leadership, our economy is stronger than ever before and America has achieved energy independence. These historic accomplishments changed our strategic priorities. These are accomplishments that nobody thought were possible. And options in the Middle East became available. We are now the number-one producer of oil and natural gas anywhere in the world. We are independent, and we do not need Middle East oil. (emphasis added)”

Yet, given the centrality of the recent Iraq-China oil deal in guiding some of the Trump administration’s recent Middle East policy moves, this appears not to be the case. The distinction may lie in the fact that, while the U.S. may now be less dependent on oil imports from the Middle East, it still very much needs to continue to dominate how oil is traded and sold on international markets in order to maintain its status as both a global military and financial superpower.

Indeed, even if the U.S. is importing less Middle Eastern oil, the petrodollar system — first forged in the 1970s — requires that the U.S. maintains enough control over the global oil trade so that the world’s largest oil exporters, Iraq among them, continue to sell their oil in dollars. Were Iraq to sell oil in another currency, or trade oil for services, as it plans to do with China per the recently inked deal, a significant portion of Iraqi oil would cease to generate a demand for dollars, violating the key tenet of the petrodollar system.

Putin is being practical.

• Putin Rejects Idea Of Soviet-Style Leaders For Life (R.)

President Vladimir Putin said on Saturday he did not want Russia to return to the late Soviet-era practice of having lifelong rulers who died in office without a proper succession strategy. His comments, made to World War Two veterans in St Petersburg, came days after he unveiled a sweeping shake-up of the political system which led to the resignation of Dmitry Medvedev as prime minister along with his government. Putin, in a surprise move, picked Mikhail Mishustin, the low-profile head of the country’s tax service, as the country’s next prime minister. Russians are now waiting to hear which ministers will keep their jobs in a new government.

Putin’s changes, which would amend the constitution to create new centers of power outside the presidency, were widely seen as giving the 67-year-old scope to extend his grip on power once he leaves the presidency in 2024. He has dominated Russian politics, as president or as prime minister, for two decades. Critics accuse Putin, a former KGB officer, of plotting to stay on in some capacity after his term ends. They suspect he wants to continue to wield power over the world’s largest nation, which is also one of its two leading nuclear powers. In his comments on Saturday, Putin, who has already said he wants to limit future presidents to two terms in power despite currently serving out his fourth term himself, rejected the idea of Russian presidents for life.

I don’t get why RT has to repeat the “shut your filthy mouth” phrase multiple times. Obviously lost in translation. But the narrative changes are real. Poland was very wrong in WWII (see Shoah). And now they try and rewrite that.

• Russia To Combat Rewriting Of WWII History With New Open-Archive Center (RT)

Moscow is to create the most extensive collection of WWII documents, open to all persons anywhere, to once and for all “shut the filthy mouth” of those seeking to rewrite history for short-term gains, the Russian president said. Any person, Russian or non-national, will be able to access the archive, including through a website resource, and the ultimate goal is to debunk any disinformation about the most devastating conflict in human history, President Vladimir Putin pledged, during a meeting with veterans of the Great Patriotic War, held in St. Petersburg on Saturday. The creation of the center would leave no chance to those willing to distort the truth about the war for their own political needs, he argued. “We will shut the filthy mouth of some public figures abroad, who open theirs only to achieve short-term political goals. We will shut them up with reliable and fundamental facts.”

The center is expected to incorporate the biggest and most extensive collection of documents, as well as photos and video footage dating back to the World War II era. The president first floated this idea during his annual state-of-the-nation address earlier this week, arguing that Russia should combat “brazen lies and attempts to distort history.” In St. Petersburg, Putin also said that Moscow should follow the example of Tel Aviv, which virtually allows no one on Earth to forget about the true horrors of the Holocaust. “Among the Holocaust victims, a large number were Soviet Jews,” he said, adding that “we should also not forget about the sacrifices of other Soviet peoples, the Russian people” who defended “their homeland and the whole world from the brown plague [of Nazism].”

Putin’s words come amid a row between Moscow and Warsaw over the events that led to the Second World War. Poland has been revising that devastating conflict’s history for quite some time, seeking to shun any responsibility relating to events during that period, while presenting itself as a victim of both Nazi and Soviet aggression and occupation. Warsaw has been removing monuments to Soviet soldiers who died while liberating the city from Nazi Germany occupation, and also initiated an EU Parliament resolution in September, which claims that the 1939 non-aggression pact between Moscow and Berlin had “paved the way for the outbreak of the Second World War.”

This last move did not sit well with Moscow, which labeled it a falsification of history. Putin himself eventually joined the heated debate between the two nations, when he called Jozef Lipski, the Polish ambassador to Berlin from 1934 to 1939, “a bastard and an anti-Semitic pig.” The Russian president referred to the fact that the envoy had promised Adolf Hitler that Poles would “erect for him a beautiful monument in Warsaw” if he expelled all European Jews to Africa. Warsaw took offense to Putin’s remarks, though no one disputed Lipski’s words, which have long been known to the public.

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Debt Rattle October 5 2019

Oct 052019

October 5, 2019 Posted by Raúl Ilargi Meijer at 9:49 am Finance Tagged with: Boeing, Brexit, crypto, Greece, Hong Kong, Libra, Pelosi, Pence, refugees, Rosenstein, subpoena, Trump, Ukraine 16 Responses »

Pablo Picasso Head of a bearded man 1940

• Democrats Subpoena White House For Ukraine Documents (ZH)

• 2nd Whistleblower May File Complaint About Trump/Ukraine: New York Times (RawS)

• House Democrats Target Pence Over Ukraine; Peddle Fiction Over ‘Favor’ (ZH)

• Newly Released Rosenstein Emails Reveal Crusade To Investigate Trump (ZH)

• Do You Have a Lisance for that Minky? (Kunstler)

• Boris Johnson Brexit Plan Hangs By Thread As EU Dismisses Weekend Talks (G.)

• China Has No Room for Dissenting Friends (FP)

• PayPal Becomes First Member To Exit Facebook’s Libra Association (R.)

• Regulators Weigh ‘Startle Factors’ For Boeing 737 MAX Pilot Training (R.)

• Boeing Crash Victims’ Lawyer To Seek Testimony From 737 MAX Whistleblower (R.)

• Greece Needs To Face Reality About Asylum Seekers (HRW)

• Air Pollution And Human Health Impacts Of Cryptocurrency Mining (SD)

This is not how US election campaigns used to look.

• Democrats Subpoena White House For Ukraine Documents (ZH)

Just one day after President Trump dared House Speaker Nancy Pelosi to hold an impeachment inquiry vote – a move which would open Democrats up to Republican subpoenas, House Democrats slapped the White House with a subpoena first. Addressed to acting White House Chief of Staff Mick Mulvaney, the subpoena demands documents and communications related to the case being constructed against Trump – namely that his request that Ukraine investigate former Vice President Joe Biden and his son for corruption constitutes election interference and endangered national security. Of note, the Justice Department concluded that Trump’s phone call with Zelensky did not violate campaign finance law.

“How the White House, which has routinely rejected congressional requests for information, responds to the demands for documents could significantly shape the impeachment investigation going forward. Under normal circumstances, the White House could claim materials referred to in both requests were privileged, using that as a defense in court.” -New York Times. What Democrats aren’t pursuing, by the by, is anything resembling due diligence on Biden – the (still) leading Democratic candidate trying to fend off accusations of nepotism in Ukraine and China while abusing his office as Vice President. As we noted earlier Friday, Vice President Mike Pence was hit with a subpoena as well over, demanding information on “any role you may have played” in helping with the Ukraine effort against Biden.

Pence press secretary Katie Waldman said “given the scope, it does not appear to be a serious request but just another attempt by the ‘Do Nothing Democrats’ to call attention to their partisan impeachment.” Pelosi and House Intelligence Committee Chairman Adam Schiff (D-CA) have warned that failure to comply with subpoenas will be viewed as obstruction of Congress – which the Times says is “itself a potentially impeachable offense.” “The White House has refused to engage with — or even respond to — multiple requests for documents from our Committees on a voluntary basis,” reads the subpoena, demanding information by October 15. “After nearly a month of stonewalling, it appears clear that the president has chosen the path of defiance, obstruction, and cover-up.”

Also CIA.

• 2nd Whistleblower May File Complaint About Trump/Ukraine: New York Times (RawS)

President Donald Trump’s impeachment inquiry continues to grow, according to a bombshell new report in The New York Times. “A second intelligence official who was alarmed by President Trump’s dealings with Ukraine is weighing whether to file his own formal whistle-blower complaint and testify to Congress,” The Times reported, citing two people briefed on the matter. “The official has more direct information about the events than the first whistle-blower, whose complaint that Mr. Trump was using his power to get Ukraine to investigate his political rivals touched off an impeachment inquiry,” the newspaper explained. “The second official is among those interviewed by the intelligence community inspector general to corroborate the allegations of the original whistle-blower, one of the people said.”

“A new complaint, particularly from someone closer to the events, would potentially add further credibility to the account of the first whistle-blower, a C.I.A. officer who was detailed to the National Security Council at one point,” the newspaper noted. “Whistle-blowers have created a new threat for Mr. Trump. Though the White House has stonewalled Democrats in Congress investigating allegations raised in the special counsel’s report that Mr. Trump obstructed justice, the president has little similar ability to stymie whistle-blowers from speaking to Congress.”

If both Trump and Pence are impeached, Nancy Pelosi is next in line to become president.

But the Dems won’t get any documents until they hold a House vote.

• House Democrats Target Pence Over Ukraine; Peddle Fiction Over ‘Favor’ (ZH)

House Democrats on Friday roped Vice President Mike Pence into their investigation into whether President Trump “jeopardized national security” by asking Ukraine to investigate what looks like obvious corruption by former Vice President Joe Biden and his son Hunter. In a letter from Democratic House Committee Chairs Eliot Engel (NY), Adam Schiff (CA) and Elijah Cummings (MD), Pence is given a deadline of October 15 to turn over all documents related to President Trump’s April 21 and July 25 phone calls with Ukrainian President Volodymyr Zelensky. The letter also requests all communications between administration officials regarding the calls, as well as information concerning Trump attorney Rudy Giuliani’s efforts to investigate or pressure Ukraine to investigate the Bidens.

Of note, the letter danced around a popular lie about the call between Trump and Zelensky: According to the record, President Trump stated, “I would like you to do us a favor though.” He also stated, “I would like to have the Attorney General call you or your people and I would like you to get to the bottom of it.” The letter then jumps to a transcript of the July 25 phone call in which Trump said: “There’s a lot of talk about Biden’s son, that Biden stopped the prosecution and a lot of people want to find out about that so whatever you can do with the Attorney General would be great.” Meanwhile, House Democrats purposely conflate Trump’s “favor” – which was actually for the investigation of the DNC servers involving their contractor Crowdstrile – and the Biden investigation.

If Pence refuses to comply, the chairmen say it “shall constitute evidence of obstruction” in their impeachment inquiry. For those keeping track – Rep. Schiff lied when he said his office had no contact with the whistleblower (which earned him ‘four Pinocchios’ from the Washington Post). Schiff also fabricated a quote from the Trump-Zelensky call which he read during an official hearing. And now, he and two other House Democratic chairs are doing their best narrative shaping by misrepresenting more facts.

Not looking good.

• Newly Released Rosenstein Emails Reveal Crusade To Investigate Trump (ZH)

New emails obtained through a Freedom of Information Act (FOIA) lawsuit reveal the details surrounding communications between Deputy Attorney General Rod Rosenstein and Robert Mueller in the days leading up to the former FBI Director’s appointment as special counsel in the Russia probe. Mueller would go on to assemble a team comprising “13 Angry Democrats” as Trump called them, due to their obvious animus towards the president. According to the 145 pages of documents obtained by Judicial Watch, Rosenstein and Mueller were discussing just three days after President Trump fired former FBI Director James Comey, and ostenisbly for some time before that.

“The boss and his staff do not know about our discussions,” Rosenstein wrote Mueller on May 12, 2017 as the two tried to nail down a time for their next conversation. Four days later on May 16- the day before Mueller’s appointment, Rosenstein told former Bush administration Deputy Attorney General and current Kirkland & Ellis Partne, Mark Filip “I am with Mueller. He shares my views. Duty Calls. Sometimes the moment chooses us.” “And on May 17 Rosenstein appointed former FBI Director Robert Mueller to investigate Russian meddling in the 2016 presidential election. Also, during the same time period, between May 8 and May 17, Rosenstein met with then-acting FBI Director Andrew McCabe and other senior Justice Department FBI officials to discuss wearing a wire and invoking the 25th Amendment to remove President Trump.” -Judicial Watch

“..that claque of lesser monsters who cooked up the coup to overthrow the president, and botched the job.”

• Do You Have a Lisance for that Minky? (Kunstler)

[..] what if it turns out that there actually is no Whistleblower, that the figure was just a fiction, a CGI figment cooked up by Adam Schiff, his lawyers, and sundry other players on the Deep State bench? Sounds outlandish perhaps, but I wouldn’t put it past the congressman from Hollywood. We’ll find out soon enough. Meanwhile, it appears that the purported Whistleblower and his chief handler, Intelligence Community Inspector General (ICIG) Michael Atkinson failed to observe the proper procedures in reporting the complaint through channels, not to mention the legerdemain of sketchy paperwork that attested to the complaint.

Remember who Michael Atkinson is: the former legal counsel to John P. Carlin, who was Assistant Attorney General for National Security during the origin months of the RussiaGate operation in the summer of 2016, and before that chief of staff to… wait for it… Robert Mueller, when he was FBI Director. Do you begin to detect a claque of senior bureaucrats scrambling to cover each other’s ass? Interesting days ahead as this feculent blob of malfeasance creepy-crawls through the spooky weeks of October, climaxing in Halloween. These are the weeks when the DOJ Inspector General’s report on FISA court shenanigans comes down. It’s also the month of the Brexit Absolute Deadline.

That hairball over in Old Blighty might seem of unconcern over here, but it contains enough explosive power to destabilize the European banking system and, with it, America’s, which would lead to some rather scary action in the bond and equity markets at exactly the time of year when accidents like that happen. And then, deeper in the background, like Hades and Thanatos, stand the grave figures of Barr and Durham, whose very silence lo these many months must be giving the vapors to that claque of lesser monsters who cooked up the coup to overthrow the president, and botched the job.

“..no basis for such discussions, given the British prime minister’s insistence on there being a customs border on the island of Ireland.”

• Boris Johnson Brexit Plan Hangs By Thread As EU Dismisses Weekend Talks (G.)

Boris Johnson’s Brexit plans look to be falling apart as the European commission said there are no grounds to accept a request from the UK for intensive weekend negotiations two weeks before an EU summit. EU sources said there was no basis for such discussions, given the British prime minister’s insistence on there being a customs border on the island of Ireland. Johnson’s chief negotiator, David Frost, along with a team of a dozen British officials, failed to convince their EU counterparts in Brussels on Friday that he had a mandate from Downing Street to compromise on what the EU sees as major flaws in the UK government’s proposals. Frost had been seeking to rescue the British prime minister’s proposed deal after it was strongly criticised.

The EU’s chief negotiator, Michel Barnier, had told diplomats on Thursday evening that the British needed to “fundamentally amend their position”. A European commission spokeswoman said: “We have completed discussions with the UK for today. We gave our initial reaction to the UK’s proposals and asked many questions on the legal text. “We will meet again on Monday to give the UK another opportunity to present its proposals in detail.” The spokeswoman added that the proposals did not “provide a basis for concluding an agreement”. An EU official said: “The UK often asks for meetings to keep [the] process going; we agree we should leave no stone unturned. But there is nothing useful that could be done this weekend.”

Muslim silence on Uighurs.

• China Has No Room for Dissenting Friends (FP)

In July this year, 22 Western-aligned countries issued a joint statement to the high commissioner of the United Nations’ Human Rights Council objecting to China’s abuses against the Uighur Muslim minority in Xinjiang province. That’s not unusual: The reports of human rights abuses in the province are coming out thick and fast, and Western countries are more than happy to raise concerns against such abuses, whether out of genuine concern, domestic virtue signaling by political leaders, or the use of any available stick to whack a geopolitical rival.

What was remarkable was the 37 countries issuing a counter letter praising China’s human rights record, from humanitarian luminaries including such as Syria, Myanmar, and North Korea. More interestingly, about half of the signatories of this letter were Muslim-majority countries. If the issues had been about Palestinians or even the Rohingya, one might expect the usual cynical domestic virtue signaling by political leaders around the well-worn claims of Muslim solidarity. Instead, they chose to loudly broadcast their support for Beijing’s policy of eradicating the old Islamic culture of the ancient Silk Road gateway to the Chinese heartland in Xinjiang.

The calculation of such leaders, from Turkish President Recep Tayyip Erdogan to Mohammed bin Salman, the de facto head of government of Saudi Arabia, the custodian of the Two Holy Mosques, is well understood and publicized: “Muslim solidarity” is a convenient and effective slogan to be thrown at domestic audiences, but if your national economy—and the personal profits of the elite—depends on the goodwill of Beijing, then you must defer to China’s supposedly sovereign right to do as it pleases within its borders, and forget about the umma.

Won’t be the last.

• PayPal Becomes First Member To Exit Facebook’s Libra Association (R.)

U.S. payments processor PayPal said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPal said it would forgo any further participation in the group and would instead focus on its own core businesses. “We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future,” PayPal said in a statement. In response, Geneva-based Libra Association said it was aware of the challenges lying ahead in its attempts to “reconfigure” the financial system.

“The type of change that will reconfigure the financial system to be tilted towards people, not the institutions serving them, will be hard. Commitment to that mission is more important to us than anything else. We’re better off knowing about this lack of commitment now, rather than later”, Libra Association said in a statement. Facebook declined to comment.

Now it’s ‘pilot overload’. And software of course. But the pilots were not overloaded, the hardware didn’t work.

• Regulators Weigh ‘Startle Factors’ For Boeing 737 MAX Pilot Training (R.)

Global regulators are looking at “startle factors” that can overwhelm pilots as they consider revised protocols for the Boeing 737 MAX, Nicholas Robinson, the head of civil aviation for Transport Canada, told Reuters on Friday. Boeing Co’s fastest-selling jetliner, the 737 MAX, was grounded worldwide in March after two fatal crashes that killed a total of 346 people within five months. Pilot overload appears to have played a role in both crashes, in which crews struggled to regain control of the airplane while a new flight control system repeatedly pushed the nose down amid a series of other audio and sensory alarms and alerts. “What we need to do is ensure that the aircrew in the MAX are able to handle that environment,” Robinson said in an interview with Reuters.

Transport Canada is among a core group of regulators that is evaluating the requirements for the 737 MAX to fly again after a seven-month grounding. It has been convening weekly by phone, video conferences or face-to-face with the U.S. Federal Aviation Administration and its counterparts in the European Union and Brazil, Robinson said. Their decisions could lead to sweeping changes to pilot flight operating manuals and classroom instruction and even mandates for costly simulator training, industry sources have said. However, no training decisions can be made until Boeing submits software updates to the FAA for review and approval, Robinson said.

Transport Canada is closely aligned with the European Union Aviation Safety Agency on return to service demands and has also raised questions over the architecture behind the 737 MAX’s angle of attack system. “We continue to look for a solution proposed by the manufacturer and the FAA on that area,” he said. Still, Canada’s goal is for the MAX to return in countries across the globe simultaneously, or at least in close succession. “It’s not a necessity, but it’s a goal,” Robinson said.

What is it about October and whistleblowers?

• Boeing Crash Victims’ Lawyer To Seek Testimony From 737 MAX Whistleblower (R.)

An attorney representing families of passengers killed in a Boeing Co 737 MAX crash in Ethiopia said on Friday he will seek sworn evidence from a Boeing engineer who claims the company rejected a proposed safety upgrade to the 737 MAX because it was too costly. The engineer, Curtis Ewbank, said the upgrade could have reduced risks that contributed to two fatal crashes in Indonesia and Ethiopia that together killed 346 people, according to two people familiar with the complaint. Ewbank filed the complaint through internal Boeing channels after the March crash of Ethiopian Airlines flight 302, the sources said. The sources described the complaint to Reuters, but Reuters has not seen a copy of the complaint.

Managers rejected the proposed upgrade from Ewbank’s team of engineers, called synthetic airspeed, on the basis of “cost and potential (pilot) training impact,” according to the Seattle Times, which first reported the complaint on Wednesday. Robert Clifford, the lead counsel representing families of victims from the Ethiopian Airlines crash, said in an email the complaint raises fresh concerns about Boeing’s culture and whether the company placed too great an emphasis on cost and schedule at the expense of safety. He said he would take steps to depose Ewbank as quickly as possible.

Things are getting out of hand again. Hundreds of refugees daily, courtesy of Erdogan. A right wing government is not going to help. Still a dumb headline though.

• Greece Needs To Face Reality About Asylum Seekers (HRW)

The Greek islands are under the spotlight again, as a new wave of tragic events has hit asylum seekers trapped there. On 29 September, a big fire broke out in Moria – the notorious camp on the island of Lesbos – killing one woman, and injuring at least nine more people, including a baby, the health ministry reported. On 24 September, a truck killed a five-year-old Afghan boy who was playing just outside Moria. The number of asylum seekers crossing the Aegean from Turkey is also increasing. With camps already overcrowded, conditions are horrific for asylum seekers and migrants trapped there. According to the government’s most recent figures, 26,753 women, men and children live in camps designed for about 6,300. The number has almost doubled since June.

But while the numbers have increased, neither the horrible conditions nor the flawed policies that cause them are new. Underinvestment, a poorly functioning asylum system, and a deliberate policy choice to confine asylum seekers to islands has left thousands trapped there for months or years in inhuman and degrading conditions. Forcing migrants and asylum seekers to remain on the islands was ostensibly to expedite their return to Turkey under the March 2016 EU-Turkey deal. But on 11 September, Gerald Knaus, head of a research organisation whose ideas inspired the EU-Turkey deal, wrote that: “The situation on Greek islands is unacceptable, the asylum system on the verge of collapse. This is a moment of truth.”

Abstract of an academic study published at Science Direct.

• Air Pollution And Human Health Impacts Of Cryptocurrency Mining (SD)

Cryptocurrency mining uses significant amounts of energy as part of the proof-of-work time-stamping scheme to add new blocks to the chain. Expanding upon previously calculated energy use patterns for mining four prominent cryptocurrencies (Bitcoin, Ethereum, Litecoin, and Monero), we estimate the per coin economic damages of air pollution emissions and associated human mortality and climate impacts of mining these cryptocurrencies in the US and China. Results indicate that in 2018, each $1 of Bitcoin value created was responsible for $0.49 in health and climate damages in the US and $0.37 in China.

The similar value in China relative to the US occurs despite the extremely large disparity between the value of a statistical life estimate for the US relative to that of China. Further, with each cryptocurrency, the rising electricity requirements to produce a single coin can lead to an almost inevitable cliff of negative net social benefits, absent perpetual price increases. For example, in December 2018, our results illustrate a case (for Bitcoin) where the health and climate change “cryptodamages” roughly match each $1 of coin value created. We close with discussion of policy implications.

The child who is not embraced by the village will burn it down to feel its warmth.

– African proverb

What Comes After McCabe?

Feb 182019

February 18, 2019 Posted by Raúl Ilargi Meijer at 8:20 pm Primers Tagged with: 60 minutes, cesspool, DOJ, FBI, McCabe, quagmire, Rosenstein, special counsel, Trump 6 Responses »

Johannes Vermeer The art of painting 1666-8

Andrew McCabe, former Deputy Director from February 2016 to January 2018 and former Acting Director of the FBI from May 9, 2017, to August 2, 2017, was fired by Attorney General Jeff Sessions Sessions on March 16, 2018, 26 hours before his scheduled retirement. On April 18 2018 it was reported that the Justice Department’s inspector general, Michael Horowitz, sent a referral to the US attorney’s office in Washington for possible criminal charges against McCabe for lying to internal investigators.

When Sessions announced McCabe’s firing a month before the report came out, he said he based his decision on reports from the DOJ Inspector General and the FBI’s disciplinary office saying that McCabe had made unauthorized releases of information to the media (concerning disclosure of information to a Wall Street Journal reporter about an ongoing investigation into the Clinton Foundation), and had “lacked candor” in talking about it (“had “lacked candor” in talking” means “lied”)

For a reason I don’t really understand -is it really just because he has a book coming out?- McCabe did an interview with 60 minutes that aired Sunday, but from which details leaked earlier in the week. In it McCabe suggests he was fired because he opened two investigations into US President Donald Trump 10 months before Sessions ousted him.

That seems peculiar for two reasons: one, why would he have been permitted to investigate Trump for 10 months, if the investigations were the reason to fire him? And two, is McCabe suggesting that at least some colleagues inside the FBI itself did not accuse him of lying? I haven’t seen that denied before. It would mean both the DOJ Inspector General and the FBI’s disciplinary office were dead wrong.

In the 60 Minutes piece, McCabe appears to throw Rod Rosenstein, US Deputy Attorney General since April 26, 2017, under the bus by claiming that -among other things- Rosenstein offered to wear a wire when meeting with Trump, something Rosenstein has always claimed he had said in jest. McCabe now insists he was serious.

Best friends? Maybe not anymore. Then again, the ‘official’ picture is still that of two of a group of ‘real patriots’ out to save the country. Somehow that makes me think of the Three Musketeers, a dashing and swashbuckling anything goes for the fatherland. McCabe actually appears to think he had to protect America from its newly elected president, and so, ostensibly, does Rosenstein. D’Artagnan had a whole different class of foes, I recall.

Also ostensibly, two Trump cabinet members were “ready to support” a Rosenstein/DOJ scheme to invoke the 25th Amendment to remove President Trump, according to testimony last fall to the House Oversight and Judiciary Committees by James Baker, former FBI top lawyer. Who also mentioned for example Lisa Page was involved, love interest of Peter Strzok, both fired FBI officials well-known for their hate of Trump.

There’s a zillion more things to say about this, but it shouldn’t be me saying it, or any other writer or journalist. The reason I write this is to ask a very simple and obvious question: where is the Special Counsel who’s going to investigate this putrid quagmire? And when will (s)he finally be appointed? We know, we know, it’d be investigating the investigators, and who’s left for that job? Or are the investigators by now so corrupted that we might as well surrender?

Sure, Lindsey Graham wants the Senate Intelligence Committee to do an investigation, but is that the appropriate venue? Why a Special Counsel filled to the brim with FBI connected folk for Russiagate and ‘only’ a House Committee for FBI-gate? Or is that perhaps the wrong term? Does it matter?

And yes, a million voices will claim that a call for a Special Counsel investigation into the FBI and DOJ can only come from Trump supporters, but they really haven’t been paying attention.

William Barr is the new Attorney General, right, and Christopher Wray heads the FBI. Both organizations have to be very concerned about their credibility, because from the outside they look like cesspools. Rosenstein and McCabe’s swashbuckling should be enough reason, but we know much more went on and many more people were involved.

So let’s have it.

Debt Rattle February 18 2019

Feb 182019

February 18, 2019 Posted by Raúl Ilargi Meijer at 10:25 am Finance Tagged with: antisemitism, Brexit, coup, emergency, Facebook, farming, Macron, McCabe, plastic, Rosenstein, Trump, Venezuela, veto, wolves, yellow vests 7 Responses »

Pablo Picasso Face female study 1925

• Yellow Vests Mark 3 Months of Marches, France investigates Antisemitism (AP)

• Two Trump Cabinet Officials Were “Ready To Support” 25th Amendment Coup (ZH)

• Trump To Veto Disapproval Of Emergency (AP)

• Tories Under Fire For Dismissing March For 2nd Brexit Referendum (Ind.)

• New Zealand To Target Online Giants With Digital Tax (R.)

• Facebook Labelled ‘Digital Gangsters’ By UK Report On Fake News (G.)

• UK Must Investigate Foreign Influence And Voter Manipulation In Brexit Vote (Ind.)

• Australia Claims Foreign Government Hacked Major Political Parties (R.)

• Varoufakis: ECB Profits Should Be Used For A European Poverty Fund (KTG)

• Venezuela Denies EU Lawmakers Entry Given ‘Conspiratorial Motives’ (R.)

• Virtual Fences, Robot Workers, Stacked Crops: Farming In 2040 (O.)

• Return Of Wolves To Germany Pits Farmers Against Environmentalists (G.)

• UK Plans To Make Plastic Packaging Producers Pay For Waste Disposal (R.)

• Plastic Chemicals Discovered Inside Bird Eggs From Remote Arctic (Ind.)

How state propaganda works (and is disseminated by sympathetic media).

“The scene was a vicious verbal interlude..” “The verbal attack on Finkielkraut could risk further eroding the movement’s initially strong public support. “The yellow vest movement [..] is now marked by growing divisions within its ranks.”

In reality, the French see young people with their eyes missing due to Macron-ordered rubber bullets. The only support that’s eroding is that for Macron.

• Yellow Vests Mark 3 Months of Marches, France investigates Antisemitism (AP)

Paris judicial authorities opened an investigation Sunday into anti-Semitic remarks hurled at a noted philosopher during a yellow vest protest, an incident that raised national concerns about the movement’s ascendant radical fringe. The Paris prosecutor’s office said the investigation was being conducted into “public insult based on origin, ethnicity, nationality, race or religion.” A band of men taunted philosopher Alain Finkielkraut on the sidelines of a protest through the French capital Paris on Saturday. “Go back to Tel Aviv,” ”Zionist,” and “France is our land” were among the insults captured on video. Finkielkraut, a member of the prestigious Academie Francaise, told French television station LCI on Sunday he doesn’t intend to file a complaint.

The scene was a vicious verbal interlude as thousands of protesters made their way through the Left Bank for the 14th Saturday in a row of demonstrations by the yellow vest movement. Several thousand protesters gathered again in Paris on Sunday to mark the three-month anniversary of the yellow vest movement’s protests, which started Nov. 17 with nationwide protests of fuel tax increases. [..] The verbal attack on Finkielkraut could risk further eroding the movement’s initially strong public support. The yellow vest movement [..] is now marked by growing divisions within its ranks. One yellow vest protester who has tried to put together a candidates list for the European Parliament election was heckled Sunday by detractors.

Government officials vs a newly elected president. Must be a first. Patriots vs voters.

• Two Trump Cabinet Officials Were “Ready To Support” 25th Amendment Coup (ZH)

Two Trump Cabinet officials were “ready to support” a DOJ scheme to invoke the 25th Amendment to remove President Trump, according to Bloomberg and Fox News, citing closed-door testimony from the FBI’s former top lawyer, James Baker – who said that the claim came from Deputy Attorney General Rod Rosenstein. “The testimony was delivered last fall to the House Oversight and Judiciary Committees. Fox News has confirmed portions of the transcript. It provides additional insight into discussions that have returned to the spotlight in Washington as fired FBI Deputy Director Andrew McCabe revisits the matter during interviews promoting his forthcoming book.” -Fox News

While Baker did not identify the two Cabinet officials, he says that McCabe and former FBI lawyer Lisa Page approached him to relay their conversations with Rosenstein, including their discussions of the 25th Amendment scheme. “I was being told by some combination of Andy McCabe and Lisa Page, that, in a conversation with the Deputy Attorney General, he had stated that he – this was what was related to me – that he had at least two members of the president’s Cabinet who were ready to support, I guess you would call it, an action under the 25th Amendment,” Baker told the Congressional committees. The 25th Amendment allows for the removal of a sitting president from office through various mechanisms – including the majority of a president’s Cabinet agreeing that the commander-in-chief is incapable of performing his duties.

Rosenstein – who is slated to leave the Justice Department in the near future, has denied the claims. Baker said McCabe was cool, calm and collected throughout the discussions, telling lawmakers: “At this point in time, Andy was unbelievably focused and unbelievably confident and squared away. I don’t know how to describe it other than I was extremely proud to be around him at that point in time because I thought he was doing an excellent job at maintaining focus and dealing with a very uncertain and difficult situation. So I think he was in a good state of mind at this point in time.” McCabe, meanwhile told “60 Minutes” in an interview set to air Sunday night that Rosenstein was concerned about Trump’s “capacity.”

According to McCabe, Rosenstein “raised the issue and discussed it with me in the context of thinking about how many other cabinet officials might support such an effort,” adding that Rosenstein was “definitely very concerned about the president, about his capacity and about his intent at that point in time.” “Rosenstein was actually openly talking about whether there was a majority of the cabinet who would vote to remove the president?” asks CBS News anchor Scott Pelly, to which McCabe replied: “That’s correct. Counting votes or possible votes.”

Inevitable, so let’s have it.

“..there do not yet appear to be enough votes to override a veto by the president.”

• Trump To Veto Disapproval Of Emergency (AP)

President Donald Trump is prepared to issue the first veto of his term if Congress votes to disapprove his declaration of a national emergency along the U.S.-Mexico border, a top White House adviser said on Sunday. White House senior adviser Stephen Miller told “Fox News Sunday” that “the president is going to protect his national emergency declaration.” Asked if that meant Trump was ready to veto a resolution of disapproval, Miller added, “He’s going to protect his national emergency declaration, guaranteed.” The West Wing is digging in for fights on multiple fronts as the president’s effort to go around Congress to fund his long-promised border wall faces bipartisan criticism and multiple legal challenges.

After lawmakers in both parties blocked his requests for billions of dollars to fulfill his signature campaign pledge, Trump’s declared national emergency Friday shifts billions of federal dollars earmarked for military construction to the border. California Attorney General Xavier Becerra told ABC’s “This Week” that his state would sue “imminently” to block the order, after the American Civil Liberties Union and the nonprofit watchdog group Public Citizen announced Friday they were taking legal action. Democrats are planning to introduce a resolution disapproving of the declaration once Congress returns to session and it is likely to pass both chambers. Several Republican senators are already indicating they would vote against Trump — though there do not yet appear to be enough votes to override a veto by the president.

“The next demonstration will be staged in London on Saturday 23 March, just six days before the UK’s scheduled departure from the EU.”

• Tories Under Fire For Dismissing March For 2nd Brexit Referendum (Ind.)

Senior Tories were accused of “sniping” at the huge numbers of campaigners set to take part in a march for a fresh Brexit referendum, a day after it was announced. A Brexit minister, Martin Callanan, came under fire after he branded next month’s Put It To The People march – part of The Independent’s Final Say campaign – “desperate stuff”. James Cleverly, a Conservative vice-chairman, tweeted sarcastically: “The only thing that might make me change my mind is a bloke in a blue hat with yellow stars shouting ‘Stop Brexit’. Yep, that might do it.” The reaction came despite last October’s demonstration attracting up to 700,000 people in London alone – and fuelling support for a new referendum at Westminster.

Anna Turley, a Labour supporter of the People’s Vote campaign, said the two men were “sniping at the huge numbers of people in this country who want to make their voice heard”. “Ministers should listen to the calls of those who feel betrayed by broken Brexit promises, worried about the damage caused by either this deal or no deal, as well as those who just want clarity and closure about our country’s direction – rather than years more of argument and division,” she said. The next demonstration will be staged in London on Saturday 23 March, just six days before the UK’s scheduled departure from the EU.

Meaningless without including other taxes, income, wealth, tec.

• New Zealand To Target Online Giants With Digital Tax (R.)

New Zealand said on Monday that it plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, extending a global effort to bring global tech giants into the tax net. Prime Minister Jacinda Ardern said the cabinet had agreed to issue a discussion document about how to update the country’s tax framework to ensure multinational companies pay their fair share. “Our current tax system is not fair in the way it treats individual tax payers, and how it treats multinationals,” Ardern told reporters at her weekly post-cabinet news conference.

Highly digitalized companies, such as those offering social media networks, trading platforms, and online advertising, currently earn a significant income from New Zealand consumers without being liable for income tax, the government said in a statement released after the announcement. The value of cross-border digital services in New Zealand is estimated to be around NZ$2.7 billion ($1.86 billion). The revenue estimate for a digital services tax is between NZ$30 million and NZ$80 million, Finance Minister Grant Robertson said in the statement. Digital services taxes (DST) are generally charged at a flat rate of two to three percent on the gross revenue earned by a multinational company in that country. A number of countries including the U.K, Spain, Italy, France, Austria and India have enacted or announced plans for a DST. The EU and Australia are also consulting on a DST.

Anything here that money won’t buy?

• Facebook Labelled ‘Digital Gangsters’ By UK Report On Fake News (G.)

Facebook deliberately broke privacy and competition law and should urgently be subject to statutory regulation, according to a devastating parliamentary report denouncing the company and its executives as “digital gangsters”. The final report of the Digital, Culture, Media and Sport select committee’s 18-month investigation into disinformation and fake news accused Facebook of purposefully obstructing its inquiry and failing to tackle attempts by Russia to manipulate elections. “Democracy is at risk from the malicious and relentless targeting of citizens with disinformation and personalised ‘dark adverts’ from unidentifiable sources, delivered through the major social media platforms we use every day,” warned the committee’s chairman, Damian Collins.

The report:
• Accuses Mark Zuckerberg, Facebook’s co-founder and chief executive, of contempt for parliament in refusing three separate demands for him to give evidence, instead sending junior employees unable to answer the committee’s questions.
• Warns British electoral law is unfit for purpose and vulnerable to interference by hostile foreign actors, including agents of the Russian government attempting to discredit democracy.
• Calls on the British government to establish an independent investigation into “foreign influence, disinformation, funding, voter manipulation and the sharing of data” in the 2014 Scottish independence referendum, the 2016 EU referendum and the 2017 general election.

The committee argues that, had Facebook abided by the terms of an agreement struck with US regulators in 2011 to limit developers’ access to user data, the scandal would not have occurred. “The Cambridge Analytica scandal was facilitated by Facebook’s policies,” it concludes. The 108-page report makes excoriating reading for the social media giant, which is accused of continuing to prioritise shareholders’ profits over users’ privacy rights. “Facebook continues to choose profit over data security, taking risks in order to prioritise their aim of making money from user data,” the report states, accusing the company of covering up leaks of user data. “It seems clear to us that Facebook acts only when serious breaches become public.”

Zuckerberg is also personally criticised by the committee in scathing terms, with his claim that Facebook has never sold user data dismissed by the report as “simply untrue”. “Mark Zuckerberg continually fails to show the levels of leadership and personal responsibility that should be expected from someone who sits at the top of one of the world’s biggest companies,” Collins added in a statement. Watson agreed. “Few individuals have shown contempt for our parliamentary democracy in the way Mark Zuckerberg has,” he said. “If one thing is uniting politicians of all colours during this difficult time for our country, it is our determination to bring him and his company into line.”

I know you thought this was about the CIA. But no, it’s Russia again.

• UK Must Investigate Foreign Influence And Voter Manipulation In Brexit Vote (Ind.)

Theresa May must launch an independent investigation into “foreign influence and voter manipulation” in the Brexit vote, a committee of MPs says today, amid growing evidence of lawbreaking by Leave campaigners. A highly critical report – which warns “democracy is at risk” from rogue practices on social media – turns its fire on the prime minister for the failure to probe their effect on the referendum result. No wide-ranging investigation has taken place, despite the main Vote Leave campaign, fronted by Boris Johnson and Michael Gove, being found by the Electoral Commission to have broken the law. The National Crime Agency, meanwhile, has launched a separate investigation into evidence of “multiple” criminal offences committed by Arron Banks and the Leave.EU campaign.

But Downing Street has fought off calls for a “Mueller-style” inquiry, on the scale of the US probe into alleged collusion with Russia by Donald Trump’s presidential campaign. Now the Digital, Culture, Media and Sport Committee has insisted an inquiry must be carried out, also looking into the 2017 general election and the 2014 Scottish referendum. It would establish “what actually happened with regard to foreign influence, disinformation, funding, voter manipulation, and the sharing of data, so that appropriate changes to the law can be made and lessons can be learnt for future elections and referenda”. Damian Collins, the committee’s Conservative chair, urged the prime minister to come clean about whether “Russian interference in UK politics” was being probed.

“We want to find out what was the impact of disinformation and voter manipulation on past elections including the UK referendum in 2016, and are calling on the government to launch an independent investigation,” he said. [..] The crisis emerged after the Brexit referendum, leading to the finding against Vote Leave which has been referred to the police for busting spending limits Crucially, the cash was used to pay data firm Aggregate IQ and – a whistleblower and an Oxford professor argue – potentially enabled it to precisely target enough voters on social media to have swayed the Brexit result. Mr Banks, Nigel Farage’s ally, could receive a two-year prison sentence if he is found to have “knowingly concealed” that an Isle of Man company handed up to £8m to Leave.EU – which would have been outlawed as a foreign donation.

Saw that headline and though: elections must be coming up. And yes.

• Australia Claims Foreign Government Hacked Major Political Parties (R.)

A cyber attack on Australian lawmakers that breached the networks of major political parties was probably carried out by a foreign government, Prime Minister Scott Morrison said on Monday, but did not name any suspects. As Australia heads for an election due by May, lawmakers were told this month told to urgently change their passwords after the cyber intelligence agency detected an attack on the national parliament’s computer network. The hackers breached the networks of major political parties, Morrison said, as he issued an initial assessment by investigators. “Our cyber experts believe that a sophisticated state actor is responsible for this malicious activity,” he told parliament.

“We also became aware that the networks of some political parties, Liberal, Labor and Nationals have also been affected.” Morrison did not reveal what information was accessed, but he said there was no evidence of election interference. Investors are still securing local networks, said Alastair MacGibbon, head of the Australian Cyber Security Centre, the government department responsible for online security. “Our political institutions represent high-value targets,” MacGibbon told reporters in the capital, Canberra.

Problem is he doesn’t stand a chance of winning anything.

• Varoufakis: ECB Profits Should Be Used For A European Poverty Fund (KTG)

The enfant terrible of euro-economics and former Greek Finance Minister Yanis Varoufakis reloaded his gun and shot: Profits from the European Central Bank should be used for a European Poverty Fund. Speaking at an event of his party DiEM25 in Thessaloniki, he said about the “New Deal in Europe and the World”, that Europe is currently facing four crises: public-private debt, very low investment, banking system and rising poverty. Especially about poverty, Varoufakis, revealed that last year the European Central Bank had profits of €91 billion, which are distributed to the finance ministries of countries with surplus. “A Fund to Combat Poverty could be founded tomorrow morning, in order to support the poor European family and this would be an integrative move and the fight against intolerance and anti-Europeanism and fascism.”

Addressing his Greek audience, he said “in DieM25/MeRA25 we are deeply European, we are criticizing the euro, we want to upgrade it, we are the only ones that have proposals to change the architecture of the euro. We want to restructure the euro. We do not propose exit from the euro, we are not threatening to exit the euro. This is a fact. He criticized the economic policies of his former SYRIZA comrades saying ‘“It is impossible at this time to have any recovery in Greece when small and medium-size businesses pay 75% of their profits to the state. You can not have a 100% pre-payment of the tax. You do that in a country when it is to destroy it.” [..] “Every eurozone country should have a parallel payment system,” he underlined.

Well, they did vote to recognize Guiado as head of state.

• Venezuela Denies EU Lawmakers Entry Given ‘Conspiratorial Motives’ (R.)

Venezuela denied a group of European Parliament deputies entry into the country on Sunday, arguing they had “conspiratorial motives” for flying to Caracas in the throes of a political crisis. The European Parliament last month joined a slew of Western nations in recognizing Venezuelan opposition chief Juan Guaido as interim head of state after President Nicolas Maduro won a second term in an election last year that critics denounced as a sham. The four deputies from the center-right European People’s Party (EPP) were traveling to Venezuela to meet with Guaido, one of them said in a video distributed via social media.

“They have retained our passports, they haven’t communicated the reason for our expulsion,” Esteban González Pons said. Venezuelan Foreign Minister Jorge Arreaza said on his Twitter account that the lawmakers had been advised several days ago they would not be allowed entry into the South American country. Venezuela would “not permit the European extreme right to disturb the peace and stability of the country with another of its rude, interventionist actions,” he wrote.

Wonder how much money Monsanto has paid into the report.

..new biotech production techniques not only help preserve crops but also make them more nutritious.

..opportunities for British food and farming to increase productivity ..

• Virtual Fences, Robot Workers, Stacked Crops: Farming In 2040 (O.)

It is 2040 and Britain’s green and pleasant countryside is populated by robots. We have vertical farms of leafy salads, fruit and vegetables, and livestock is protected by virtual fencing. Changing diets have seen a decline in meat consumption while new biotech production techniques not only help preserve crops but also make them more nutritious. This is the picture painted in a report from the National Farmers Union which attempts to sketch out what British food and farming will look like in 20 years’ time. “The Future of Food 2040 report is a catalyst to encourage us all to start the debate about our food and our future so we can plan ahead,” said Andrea Graham, NFU’s head of policy services and author of the report, who interviewed 50 experts across Britain’s food chain to gauge their views.

“It is also a reminder for government, at a critical time in British history, to make domestic food production a strategic priority in all policy making.” While some of the predictions may seem a long way off, others are already in their infancy. “Even now, there are technologies being developed that can care for crops on a plant-by-plant basis or control the grazing of cattle without physical fences, and by 2040 this technology will be commonplace in farming,” Graham said. The British farming sector will need to be more efficient if it is to meet a key NFU goal of producing net zero greenhouse gas emissions by 2040. “Over the next 20 years we will face potentially seismic changes in all aspects of society,” Graham added. “An increase in the global population and the need to mitigate climate change will provide opportunities for British food and farming to increase productivity and reduce its impact on the environment.”

Food must come from sterile enviroments. No life allowed.

• Return Of Wolves To Germany Pits Farmers Against Environmentalists (G.)

More than a century ago, wolves were hunted to extinction in Germany. These days, they’re back – and their presence is a source of political strife. Wolf attacks on livestock increased drastically in 2017, according to government statistics released at the weekend: they carried out 472 attacks, an increase of 66% over the previous year. The number of killed, injured or missing livestock – mostly sheep and goats – rose 55%, to 1,667. The issue of how to deal with wolves is pitting farmers who want to protect their livestock against environmentalists who prioritise the protection of vulnerable species. Julia Klöckner, the agriculture minister, said the latest figures proved the government needed to act.

Germany should shift its regulations to make it legal to remove individual wolves from a pack, she told the Neue Osnabrücker Zeitung. For more than a century, wolves were extinct in Germany. In recent years, however, especially since the country’s reunification in 1990, the animals have been reintroduced and are slowly making a comeback. They are especially prevalent in the former East German states, since many have crossed the border with Poland. Though environmentalists have lauded the return of the wolf, not everyone is happy that they are back – or that they have been awarded protected status. EU regulations outlaw the killing of wolves, allowing exceptions only when there is “no satisfactory alternative” or if people are in danger.

Instead of simply saying don’t make the stuff anymore. London must think Brits are incredibly stupid people.

• UK Plans To Make Plastic Packaging Producers Pay For Waste Disposal (R.)

Britain is to set out plans to overhaul its recycling system on Monday, including making plastic packaging producers pay the full cost of dealing with their waste and introducing a deposit return scheme for cans and bottles. The plans, which also aim to make household rubbish collections more consistent around the country, will be introduced by Environment Secretary Michael Gove and go out for consultation for three months. “We will introduce a world-leading tax to boost recycled content in plastic packaging, make producers foot the bill for handling their packaging waste, and end the confusion over household recycling,” Gove said in a statement. The tax will be payable by producers who fail to use enough recycled material.

At present, producers pay only around 10 percent of the cost of dealing with plastic packaging waste, the environment ministry said. Under an Extended Producer Responsibility (EPR) system, the industry will pay higher fees if its packaging is harder to reuse or recycle. EPR for packaging will raise between 800 million and one billion pounds a year for recycling and disposal, the ministry said. Government will seek views on two options for how a deposit return scheme might work for cans and glass or plastic bottles, it added. The first would target a large amount of drinks on the market, irrespective of container size. The second, known as the “on-the-go” model, would concern smaller container sizes – those most often sold for consumption outside the home.

These birds spend most of their lives feeding at sea, returning to their nests only to breed.

• Plastic Chemicals Discovered Inside Bird Eggs From Remote Arctic (Ind.)

Chemicals from plastics have been found inside the eggs of seabirds living in remote Arctic colonies, in the latest sign of pollution contaminating the furthest reaches of the planet. Scientists were concerned by the traces of phthalates, hormone-disrupting chemicals that have been banned from children’s toys due to their potential “gender-bending” effects. These substances are routinely applied to many plastic products, and probably came from the bottle tops and cigarette butts these seabirds often eat after mistaking them for food. The eggs were taken from northern fulmars living on an island in Lancaster Sound, more than 100 miles away from the nearest human settlement.

In a preliminary study, Dr Jennifer Provencher of the Canadian Wildlife Service tested the eggs of five fulmars and found phthalates in one, but warned the problem is likely to be far more pervasive. “These are some of the birds who have the lowest levels of accumulated plastic,” explained Dr Provencher. If fulmar colonies were tested in the North Sea, where levels of plastic consumption are far higher, she said the results could be far more dramatic. “Now the thing is to look at other populations and to see if they have the same chemicals, or other chemicals,” she said. In another study, Dr Provencher and her colleagues examined the eggs of both fulmars and black-legged kittiwakes, and found traces of more chemicals known as UV stabilisers and antioxidants. “We are finding multiple plastic-derived contaminants that are maternally transferred to the egg,” she said. “It’s really tragic.”

Scientists studied the eggs of northern fulmars from an Arctic island in Canada’s Lancaster Sound (Getty/iStock)

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