Dec 142020
 


Adolphe Yvon Genius of America c1870

 

Data Shows Ample US Hospital Capacity Nationwide (JTN)
‘Autoantibodies’ May Be Driving Severe Covid Cases (G.)
‘Like Nothing Happened’: Sydney Restaurants Are Bustling (AFR)
Ivermectin May Improve the Prognosis of Patients With COVID-19 (Science)
Sen. Manchin: Bipartisan COVID19 Relief Plan To Be Released On Monday (JTN)
Electoral College Voting Is Slated For Monday (JTN)
China’s Global Power Tops The US? New Measures Say No! (Brands)
Major Leak Of Members ‘Lifts The Lid’ On The Chinese Communist Party (Sky.au)
Expect the Most Evictions in History as Ban Expires (Mish)
Iowa Autopsy Report: DNC Meddling Led To Caucus Debacle (Pol.)
Hillary So Far Finds No Role On Team Biden (JTN)
Britons Told Not To Stockpile Food Ahead Of January (BBC)
President Trump Open to the Idea of Pardoning Edward Snowden (LH)

 

 

 

 

Too much panicking about this. To know if a system is overwhelmed at any given point, you must know what its normal occupancy rate is. 90% capacity sounds scary, but not if it’s always at that capacity this time of year.

Data Shows Ample US Hospital Capacity Nationwide (JTN)

As fears persist of overwhelmed medical systems and at-capacity hospitals nationwide, data indicate that ample hospital space remains available for both COVID-19 patients and other medical needs, with one official at a major hospital network stating that the country is “managing pretty well” the latest surge of COVID-19. For most of 2020, rising positive test results of COVID-19 have brought with them fears of swamped hospitals, overwhelmed medical systems, emergency patients being turned away, and COVID-19 patients being triaged, suffering and dying in hallways and vestibules. Much of that fear crystallized in the early stages of the pandemic, when parts of the northern Italian medical system were put under significant strain due to a crush of COVID-19 patients.

In response, leaders and medical officials around the world suspended elective surgeries and constructed emergency medical facilities to cope with anticipated waves of COVID-19 patients. In many cases those facilities were eventually shuttered for lack of patients, even after millions of dollars had been invested in their construction. In Chicago, for instance, the city spent $120,000,000 on four facilities to treat a total of 38 patients. The latest spike in positive COVID tests has brought renewed fears of hospitals straining under an influx of COVID-19 patients, with some facilities across the country reporting difficulties managing large numbers of patients, either from a dwindling number of scarce beds or not enough medical officials to man them, or both.

Yet federal government data compiled from state-level reports suggests that hospitals nationwide have considerable space left to deal with both routine medical issues and COVID-19 patients. The Department of Health and Human Services offers on its website estimates of hospitalization rates across the United States. The data, the department says, is “estimated from hospital submissions, either reported through their state or reported through HHS Protect,” which the department describes as “a secure data ecosystem … for sharing, parsing, housing, and accessing COVID-19 data.” The HHS numbers belie forecasts of impending collapse of the U.S. medical system. As of Saturday, the department estimated that hospitals nationwide were at about 75% capacity. ICU beds were even lower, at 63.5%. Patients who had tested positive for COVID-19 occupied just under 15% of all beds nationwide.

Even in areas that have recently posted huge surges in positive COVID tests, the numbers were largely similar to the national average: In New York, 76% of hospital beds (and 61% of ICU beds) were taken. Dr. Joanne Roberts, the chief value officer of Providence St. Joseph Health system, told Just the News that “a well-functioning hospital probably runs about 85% capacity on an average day.” The problem, she pointed out, is that a virus like COVID-19 can “quickly overwhelm that last 15%” due to its virulency and ability to send a significant number of patients to the hospital at once.

Read more …

“Because antibodies can persist for a long time, it’s conceivable that they may contribute to the development of long-Covid diseases..”

‘Autoantibodies’ May Be Driving Severe Covid Cases (G.)

Dramatic levels of “friendly fire” from the immune system may drive severe Covid-19 disease and leave patients with “long Covid” – when medical problems persist for a significant time after the virus has been beaten – scientists have said. Researchers at Yale University found that Covid-19 patients had large numbers of misguided antibodies in their blood that targeted the organs, tissues and the immune system itself, rather than fighting off the invading virus. The scientists compared immune responses in patients and uninfected people and discovered scores of aberrant antibodies in the former.These blocked antiviral defences, wiped out helpful immune cells, and attacked the body on multiple fronts, from the brain, blood vessels and liver to connective tissue and the gastrointestinal tract.

Further tests revealed that the more “autoantibodies” patients had in their blood, the worse their disease. The Covid-19 patients had more antibodies that had turned on them than people with lupus, an autoimmune disease caused by similar wayward antibodies. “Covid-19 patients make autoantibodies that actually interfere with immune responses against the virus,” said Aaron Ring, an immunobiologist at Yale and senior author on the study. Numerous other autoantibodies attacked parts of the body that are known to become damaged in those with the disease. “We certainly believe that these autoantibodies are harmful to patients with Covid-19,” said Ring, adding that the harmful effects may well continue after the infection has abated, leaving patients with longer-lasting medical problems. “Because antibodies can persist for a long time, it’s conceivable that they may contribute to the development of long-Covid diseases,” he said. Ring partnered with Akiko Iwasaki, a professor of immunobiology at Yale, to screen 194 patients and hospital workers with varying severities of Covid infection for autoantibodies that targeted nearly 3,000 human proteins.

Antibodies disable viruses by latching on to proteins on the virus surface, but autoantibodies are the wrong shape and mistakenly bind to proteins that are on, or have been released by, human cells. Writing in the study, which has yet to be peer reviewed and published in a journal, the scientists describe how Covid patients had “dramatic increases in autoantibody reactivities” compared with 30 healthy hospital workers who did not have the virus. While certain autoantibodies in some patients were apparently present before Covid-19 infection, others appeared and ramped up as the disease progressed. More than 5% of hospitalised patients had autoantibodies that weakened a key arm of the immune defence that is orchestrated by proteins called interferons. These patients were unable to control the amount of virus in their bodies and so developed more serious illness.

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Has the word “ivermectin” been banned on social media? I see people spell it as iv3rm3ctin.

Ivermectin May Improve the Prognosis of Patients With COVID-19 (Science)

Dear Editor:
The pandemic coronavirus disease 19 (COVID-19), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), has been spread rapidly worldwide with considerable morbidity and mortality. COVID-19 patients have various clinical presentations: asymptomatic, exhibit mild flu-like symptoms, be severely ill or death. In addition to elder age and comorbidities, higher levels of D-dimer and C-reactive protein (CRP) and lower levels of lymphocyte and eosinophil as well as a cytokine storm are associated with disease severity in COVID-19 patients. The virus load may be a main determinant underlying the pathological diversity in COVID-19 patients.

Thus, an effective antiviral treatment is essential to improve the prognosis of patients with COVID-19.7 In the absence of specific anti-SARS-CoV-2 agents, various drugs with antiviral potential are now used to contain the virus in COVID-19 patients. Ivermectin, a US FDA-approved anthelminthic, has garnered enormous interest for treating COVID-19 as it is safe and cheap and has strong antiviral activities against board ranges of viruses including SARS-CoV-2 in vitro. Despite the widespread use of ivermectin, to our knowledge, there is currently no published clinical reports of ivermectin in COVID-19 patients. Here, we assessed the clinical efficacy of ivermectin in COVID-19 patients.

This retrospective study enrolled a total of 325 consecutive patients with SARS-CoV-2 infection confirmed by polymerase chain reaction (PCR) of nasal swabs in SK hospital, a unit dedicated to COVID-19 at Mymensingh Medical College Hospital (MMCH), Mymensingh, Bangladesh, from April to June 2020. Of these, the present study included 248 adult COVID-19 patients free from any other serious pathological conditions: 115 received ivermectin plus standard care (SC), while 133 received only SC. Remaining 77 patients who were under 18 years of age or transferred from other facilities and received different management approaches including partial hospital stays or treated with different therapeutic agents prior to hospital admission were excluded from the analysis.

The two groups were compared in terms of time to SARS-CoV-2 negativity, disease progression (develop pneumonia to severe respiratory distress), duration of hospital stays, and mortality rate. Ivermectin was given once at dose of 12 mg within 24-h after hospital admission. SC was provided as required and included antipyretics for fever, anti-histamines for cough, and antibiotics to control secondary infection. The study was approved by MMCH and informed consent was obtained from all patients or their relatives before starting treatment. Categorical variables are shown as frequencies and percentages and continuous variables as the median and interquartile range (IQR). Differences with 95% confidence intervals (CI) were computed to show the level of certainty. Paired t-tests or Pearson Chi-square test were used to analyze statistical differences. All calculations were performed using SAS, version 9.4 (Cary, NC, USA).

Read more …

Meanwhile, on the other side of the world…

‘Like Nothing Happened’: Sydney Restaurants Are Bustling (AFR)

At lunchtime in Barangaroo in downtown Sydney, it’s as though the pandemic never happened. Restaurants and cafes are bustling, and Matias Munoz, assistant manager at Bel and Brio, says the Italian restaurant has been flat out from open to close. “I think it’s because they’ve had a really tough year and they want to celebrate. That’s what the customers say to me,” Mr Munoz said. The NSW government on Monday lifted a public health order requiring employers to let staff work from home in the hope of bringing customers back to struggling city businesses. New mobility data shows residents in most capital cities are driving more than ever, with Sydney 17 per cent above the benchmark set in January before the pandemic lockdown.

Capacity on NSW’s public transport is being boosted as the government rolls back health restrictions and social distancing requirements. Most employers do not plan to bring workers back to their desks until early next year, and consumer data shows hospitality venues in central business districts have been gutted. But tell that to Mr Munoz, whose restaurant reopened in July after the first lockdown. “We reopened and it looked like nothing happened. People were coming like normal,” he said. The restaurant is handling 400 bookings per day. Trade lulled during the early days of Victoria’s second wave as even Sydneysiders stayed home before quickly recovering.

“Compared to the last year, we’re doing the same numbers,” Mr Munoz said. Even on a Monday, typically their quietest day, the restaurant is packed. Joseph Le, manager at nearby Lotus, was overseeing a full house and said it was good to be back to normal after the worrying he experienced during the early days of the pandemic. “[I thought] am I going to lose my job? How can I pay my bills?” Mr Le said. “I’m so happy and lucky to be here.”

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Better get it done, and done well. It’s Christmas time.

Sen. Manchin: Bipartisan COVID19 Relief Plan To Be Released On Monday (JTN)

Senator Joe Manchin during an interview on Fox News Sunday with host Chris Wallace said that a bipartisan group of lawmakers’ proposed COVID-19 relief legislation will be released on Monday. Wallace asked if a $908 billion compromise plan is off the table, and if there were a chance that Congress would leave Washington for the rest of the year without passing a COVID relief bill. Manchin responded that “the plan is alive and well,” and he shot down the concept of Congress skipping town before approving any relief. “We’ll have a bill produced for the American people tomorrow, $908 billion dollars,” the West Virginia Democrat said about the proposal that will be shared. “We’re trying to get through the toughest first quarter of our country that we’ve ever faced.”


Manchin said he could not guarantee that the legislation would pass. “But I can tell you one thing: What’s the alternative? What are you going to do? We’ve given one month, day and night, our staffs have worked around the clock,” he said. “We’ve done everything we can to put an all-inclusive product together. Pick whatever parts you like, whatever parts you don’t like. Put it all together or take it as a whole. We’re gonna give it to you the way we think the American people need it. In an emergency situation, we need this legislation.”

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Sidney Powell announced 4 major cases to go before SCOTUS. We’re not done yet, but we’re getting there.

Electoral College Voting Is Slated For Monday (JTN)

Members of the Electoral College will cast their votes for president on Monday, with Joe Biden expected to receive 306 electoral votes compared to just 232 for President Trump. A candidate must secure 270 to win the presidency. The step comes as President Trump has so far chosen not to concede to Biden, filing a host of lawsuits alleging that fraud tainted the 2020 election. The U.S. Constitution provides that each state will have a quantity of electors equivalent to the combined number of senators and House members that the state is entitled to have in the nation’s legislature. Thus, states with larger populations have more electoral votes than states with smaller populations. The candidate who wins the national popular vote does not always win the Electoral College vote.

But the Electoral College vote, not the national popular vote, determines which candidate wins the presidential contest. The Associated Press reported that the Electoral College does not meet in one central location, but electors for every state and the District of Columbia gather at a location selected by their own legislature. With the exception of Maine and Nebraska, states award all of their Electoral College votes to the winner of the state’s popular vote. Nevada and Maine divide their Electoral College votes between the statewide winner and the victor in each congressional district. “Maine awards two of its four electoral votes to the statewide winner, but also allocates an electoral vote to the popular vote winner in each of its two congressional districts,” according to CBS News. “Nebraska gives two of its five electoral votes to the statewide winner, with the remaining three going to the popular vote winner in each of its three congressional districts.”

“In 32 states and the District of Columbia, laws require electors to vote for the popular-vote winner,” the AP reported. “Electors almost always vote for the state winner anyway, because they generally are devoted to their political party,” the outlet noted. On Jan. 6, Vice President Mike Pence will preside over a joint session of the U.S. Congress and the votes will be counted. If a minimum of one lawmaker from each chamber of the nation’s bicameral legislature objects via writing to some electoral votes, each chamber would debate the matter separately. “An objection to a state’s electoral vote must be approved by both houses in order for any contested votes to be excluded,” according to the Congressional Research Service.

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How to measure power.

China’s Global Power Tops The US? New Measures Say No! (Brands)

Traditionally, measures of power focused on attributes such as population, energy consumption and production of steel or other indicators of industrial strength. In the information age, these indices tell us relatively little about whether a country can get its way in world affairs. It is still common, though, to assess power through blunt measures like GDP or military spending. Analysts who argue that Beijing is overtaking the U.S. habitually note that China’s GDP may soon surpass America’s. But GDP is a snapshot of activity rather than a measure of overall wealth. Some countries that spend massively on military power, such as Saudi Arabia, are quite useless in projecting it. So how can we determine the balance of advantage in a long rivalry? The groundbreaking academic work is giving us better answers.

The first category focuses on refining our grasp of economic and military might. Michael Beckley of the American Enterprise Institute (where I am also a fellow) has developed a model that measures net power rather than gross power by accounting for things such as security costs (“the price a government pays to police and protect its citizens”) and production costs (how much it costs, in material and environmental degradation, to build that coal power plant). He finds, not surprisingly, that the U.S. fares far better than China, an authoritarian state with vast internal security costs and a prodigiously wasteful approach to stimulating growth. Similarly, it is critical that American per capita GDP dwarfs China’s, because that means the U.S. has more wealth left over, after it feeds its population, to pursue global influence. Other work has better accounted for the way wealth accrues over time, and found that the U.S. will still have far more overall economic power than China even after China’s GDP eclipses America’s.

The second category better captures the reality of “network power.” In a landmark paper published in 2019, Abraham Newman of Georgetown University and Henry Farrell, my colleague at the Johns Hopkins School of Advanced International Studies, argue that the centrality of the dollar to international financial networks — which persists, despite decades of handwringing about its decline — gives the U.S. outsized coercive leverage. Scholars have also affirmed something that policymakers have long understood: America punches far above its own weight in global affairs, because of the network of military, economic and diplomatic partners it leads. China has nothing equivalent.

The third category accounts for less tangible forms of power. For decades, analysts have grasped that soft power — the degree of admiration and emulation a country inspires — matters enormously. An intriguing study by Ted Hopf of the National University of Singapore, Bentley Allan of Johns Hopkins and Srdjan Vucetic of the University of Ottawa demonstrates that, even though America’s global favorability ratings have plummeted under President Donald Trump, there remains strong global support for democracy and free-market economic policies. That’s a body blow for an authoritarian, mercantilist China, which, the authors predict, “is unlikely to become the hegemon in the near term.” It also helps explain why European states are systematically turning away from Beijing even amid enormous turbulence in their relations with the U.S.

Read more …

A lot of interest in China these days.

Major Leak Of Members ‘Lifts The Lid’ On The Chinese Communist Party (Sky.au)

A major leak containing a register with the details of nearly two million CCP members has occurred – exposing members who are now working all over the world, while also lifting the lid on how the party operates under Xi Jinping, says Sharri Markson. Ms Markson said the leak is a register with the details of Communist Party members, including their names, party position, birthday, national ID number and ethnicity. “It is believed to be the first leak of its kind in the world,” the Sky News host said. “What’s amazing about this database is not just that it exposes people who are members of the communist party, and who are now living and working all over the world, from Australia to the US to the UK,” Ms Markson said. “But it’s amazing because it lifts the lid on how the party operates under President and Chairman Xi Jinping”.


Ms Markson said the leak demonstrates party branches are embedded in some of the world’s biggest companies and even inside government agencies. “Communist party branches have been set up inside western companies, allowing the infiltration of those companies by CCP members – who, if called on, are answerable directly to the communist party, to the Chairman, the president himself,” she said. “Along with the personal identifying details of 1.95 million communist party members, mostly from Shanghai, there are also the details of 79,000 communist party branches, many of them inside companies”. Ms Markson said the leak is a significant security breach likely to embarrass Xi Jinping. “It is also going to embarrass some global companies who appear to have no plan in place to protect their intellectual property from theft. From economic espionage,” she said.

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In a pandemic. Is there a worse idea possible?

Expect the Most Evictions in History as Ban Expires (Mish)

“Millions of U.S. renters face the prospect of eviction in January unless federal officials extend protections put in place during the Covid-19 pandemic. That month is when the Centers for Disease Control and Prevention’s ban on evictions is set to expire. The moratorium protects tenants who have missed monthly rent payments from being thrown out of their homes if they declare financial hardship. The CDC ordered the halt on evictions under the Public Health Service Act, which allows the federal government to enact regulations that help stop the spread of infectious diseases. Between 2.4 million and 5 million American households are at risk of eviction in January alone, and millions more will be vulnerable in the months after, according to estimates from the investment bank and financial-advisory firm Stout Risius Ross.

Landlords have already filed more than 150,000 eviction petitions during the pandemic in the 27 cities tracked by Princeton University’s Eviction Lab. Many of those tenants have lost their cases, and are now on the hook for all their back rent.” ‘I don’t see how it’s possible that we’re not going to see more evictions on Jan. 1 than we’ve ever seen in a month,’ said John Pollock, staff attorney at the Public Justice Center It’s easy to sympathize with tenants but what about landlords who cannot pay mortgages? Are we to postpone evictions forever while landlords lose their property? There has been no discussion in any of the recent Covid packages for further moratoriums nor aid to landlords who have not been paid for months. So unless there is specific aid sufficient aid in the bill to allow tenants to catch up, millions of evictions are on the way.

Read more …

After protecting the DNC for years, the press suddenly wake up?!

Iowa Autopsy Report: DNC Meddling Led To Caucus Debacle (Pol.)

Democratic National Committee meddling, combined with missteps by the state Democratic Party, were the primary drivers of the chaos that torpedoed the Iowa caucuses earlier this year, according to a new audit commissioned by the state party. The report, which was distributed to the Iowa Democratic Party State Central Committee at a meeting Saturday morning and obtained by POLITICO, identified a series of errors made by the DNC, IDP and the technology company contracted by the state party to build a reporting app to collect caucus results. The February caucuses were overrun by foul-ups: The state party was unable to report a winner on caucus night, the mobile app to report results failed to work for many precinct chairs, the back-up telephone systems were jammed and some precincts had initial reporting errors.

The state party chair, Troy Price, resigned in the wake of the debacle, which put Iowa’s status as the first in the nation nominating contest in serious jeopardy. But the report pins the blame squarely on the DNC for the heart of the problem on caucus night — the delay in the reporting of the results. According to the report, the DNC demanded the technology company, Shadow, build a conversion tool just weeks before the caucuses to allow the DNC to have real-time access to the raw numbers because the national party feared the app would miscalculate results. The DNC’s data system used a different database format than Shadow’s reporting app, which caused multiple problems.

“Attempting to graft an entirely new software element onto the back-end reporting system at the proverbial eleventh hour is likely always going to be problematic, and it was ultimately the cause of a major problem on caucus night,” the report concludes. “Furthermore, the IDP was not involved in the development of this tool. The IDP simply permitted the DNC to direct the IDP’s vendor.” The audit states the conversion tool had coding errors that spit out inaccurate numbers and caused confusion about the accuracy of the results, eventually leading to delays in reporting. But the state party’s app never malfunctioned nor was hacked, the report concludes.

“When the DNC’s database conversion tool failed to work correctly, it caused the DNC to wrongly stop the IDP from reporting its results, and the IDP’s entire planned reporting process was thrown into disarray,” the report says. “The DNC’s interjection was the catalyst for the resulting chaos in the boiler room and in the IDP’s attempts to manually collect and confirm caucus results by hand. If the DNC had not interjected itself into the results reporting process based on its erroneous data conversion, caucus night could conceivably have proceeded according to the IDP’s initial plan.”

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But Samantha Power is back in, it appears.

Hillary So Far Finds No Role On Team Biden (JTN)

Have you noticed? Hillary Clinton is suddenly — and finally — nowhere to be found. Well before she lost the 2016 presidential election to President Trump, the former first lady pushed a conspiracy theory that eventually grew into a major, two-year investigation: Trump had colluded with the Russians in order to alter the outcome of the race. That didn’t pan out, but Hillary had other excuses. For months — which turned into years — she blamed FBI Director James Comey, Russia, computer bots, WikiLeaks, Sen. Bernie Sanders, Facebook, Joe Biden, fake news, Twitter, voter ID laws, the vast right-wing conspiracy, sexism, Barack Obama, ageism, child sex pervert Anthony Weiner, white women, xenophobia, black people, the Electoral College, the Democratic National Committee, misogyny, women cowed by their husbands, and even former New York City Mayor Rudy Giuliani (how America’s Mayor caused Clinton to lose Wisconsin and Pennsylvania and Michigan and Florida is anybody’s guess).

But the mainstream media despises Trump, and Clinton was a reliable gadfly, so she stayed in the news regularly. She even made millions hawking her book, “What Happened,” her take on why she lost the election. Yet it’s been more than a month since Election Day 2020, and Americans haven hardly heard a peep out of her. What’s more, the former secretary of state for President Barack Obama has been given no role in a prospective Biden administration, even though at 72 she’s younger the 78-year-old Biden. It’s not like Biden hasn’t made room for others from former administrations. After all, he found room as climate czar for John Kerry, who served as secretary of state from 2013 to 2017 under Obama. But so far, nothing for Clinton.

Clinton’s omission is odd, given that she won nearly 66 million votes in 2016. She also represents a powerful wing of the party — albeit an old and fading faction — along with her husband, former President Bill Clinton, who remains extremely popular with the rank and file of the party. And she’s got the bona fides: Secretary of State, two-term senator, and architect of a planned overhaul of health care that eventually morphed into Obamacare. As Biden made room for Kerry on climate, he could give Clinton a role on health care. And the former vice president could tap Hillary’s decades of experience, even if just as an adviser, whether formal or informal.

Shortly after Election Day, rumors circulated that Biden was considering Clinton for a role in his administration, perhaps as the U.S. ambassador to the United Nations. The move “would be a way for Biden to highlight the importance of that position in his administration, and that placing her there would raise the prestige of the U.N. itself at a time when global cooperation and the U.S. role on the world stage, has ebbed,” sources told the Washington Post. But a few weeks later, Biden picked Linda Thomas-Greenfield, a 35-year veteran of the foreign service who oversaw the Bureau of African Affairs during the Obama administration, for the slot.

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Yes, you got that right. The day after the UK government tells supermarkets to stockpile food, they now tell their citizens to do the opposite. Sweet Jesus.

Britons Told Not To Stockpile Food Ahead Of January (BBC)

Households have been warned not to stockpile food and toilet roll ahead of 1 January when the UK stops trading under EU rules. On Sunday, the UK and the EU agreed to extend a deadline aimed at reaching a deal on post-Brexit trade. The British Retail Consortium (BRC) said ongoing uncertainty made it harder for firms to prepare for the New Year. But it said shops had plenty of supplies and shoppers must not buy more food than usual. “Retailers are doing everything they can to prepare for all eventualities on 1 January – increasing the stock of tins, toilet rolls and other longer life products so there will be sufficient supply of essential products,” said BRC chief executive Helen Dickinson.


“While no amount of preparation by retailers can entirely prevent disruption there is no need for the public to buy more food than usual as the main impact will be on imported fresh produce, such as fresh fruit and vegetables, which cannot be stored for long periods by either retailers or consumers.” Supermarkets are now used to dealing with anxious shoppers. During the first lockdown earlier this year to stop the spread of the coronavirus, grocers introduced limits on goods such as toilet roll, dried pasta and UHT milk after panic buying by Britons. There are fears shoppers might think disruption at ports after 31 December could lead to shortages in shops as the UK transitions to new trading rules with the EU.

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Of course Snowden has urged him to pardon Assange.

President Trump Open to the Idea of Pardoning Edward Snowden (LH)

The push to have President Trump pardon NSA whistleblower Edward Snowden is heating up as a group in Congress has been urging the President to do the right thing and free this patriot. There have been a growing list of Republicans and Democrats that are pushing the outgoing President to do the right thing and grant a full and complete pardon of Snowden so he can return home to the United States. Edward Snowden is famous for declassifying an NSA program that was used to spy on the American people. He has been hunted for years by the federal government and has sought asylum in multiple countries.

Currently he resides in Russia where is viewed in Liberty circles as a patriot for his act to expose the governments attempt to pry into the lives of ordinary Americans. He deserves a pardon and Trump needs to use one of his last acts as President to make history right. Call your Congressman and women and urge them to put pressure of the White House. Contact the White House as well using this link.

Read more …

 

 

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Dec 132020
 


Detail of a fresco from the House of the Tragic Poet, Pompeii, 2nd century BC

 

Sputnik V Likely Provides COVID Immunity For 2 Years, Pfizer For Months (Sp.)
Russian Cooperation Saves British Vaccine (MoA)
No Need For Vaccine This Year: Australia’s Chief Medical Officer (Yu)
Global Economy To Contract By 5.6% This Year Due To Pandemic – UN (RT)
Millions Of Working-Poor Americans Forced To Turn To Food Banks (ZH)
SCOTUS Had One Last Chance To Keep The American Republic Together (Malic)
Reporters Disclosing Embarrassing Comments From Joe Biden (Turley)
How NBC News Helped the Biden Campaign Ruin an Innocent Man (PJM)
Pascrell Seeks To Block 120 House Republicans From Being Seated (Turley)
GOP Megadonor Celebrates His Profits From “Huge Increases In Rents” (DP)
Sweden Considers E-krona Amid Rapid Growth Of Cash-free Transactions (RT)
UK Ministers Warn Supermarkets To Stockpile Food On No-deal Brexit Fears (R.)
Australian MP Calls On Trump To Pardon Assange Before Leaving WH (RT)

 

 

 

 

Now coming to an AstraZeneca place near you.

Sputnik V Likely Provides COVID Immunity For 2 Years, Pfizer For Months (Sp.)

Russia’s vaccine showed efficacy of over 95 percent during Phase III trials. According to Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), the organisation that invested in the development of Russia’s inoculation, over 50 countries have already ordered 1.2 billion doses of Sputnik V. The Sputnik V vaccine, developed by Russia’s Gamaleya Research Institute, will likely provide immunity from COVID-19 for two years, while the inoculation developed by Pfizer will shield for 4-5 months, said the institute’s director Alexander Gintsburg. Gintsburg emphasised, however, that this data needs to be checked during experiments.

“The method used in Sputnik V was used in the vaccine against Ebola and experimental data has proved that it provides immunity from the disease for a minimum of two years, but it could be more. I don’t know how long Pfizer’s vaccine will protect from infection”, Gintsbur said. The director of Gamaleya Research Institute also said there is a 96 percent chance that people who have received the Sputnik V jab won’t get sick with COVID-19. Only 4 percent of people who got the vaccine might get sick, Gintsburg said, but stressed that this would be a mild case of the disease that will not affect the lungs. Most likely an individual will have a cough, sniffles, and minor temperature.

Both Sputnik and Pfizer vaccines showed efficacy rates of 95 percent. However, two UK National Health Service workers who received the Pfizer inoculation had allergic reactions to the jab, which prompted UK’s health department to issue a warning that people with a history of allergic reactions should not receive Pfizer’s vaccine. Alexander Gintsburg previously said that the Sputnik V vaccine can be used by people with allergies.

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Excellent background.

“The possible reason for 62% efficacy of AstraZeneca’s full dose regiment is that immunity to chimpanzee adenoviral vector from the 1st shot makes 2nd shot not effective. #SputnikV addresses this issue by using two different human adenoviral vectors for two shots (92% efficacy)”

Russian Cooperation Saves British Vaccine (MoA)

In late November Debs is dead and I wrote about the ruthless vaccine competition. The cause were the ambiguous results of the non-profit AstraZeneca vaccine trials which led to delighted criticism from those who prefer commercial vaccine suppliers. The good news today is that cooperation between vaccine developers is still possible and can lead to better results. As Debs had opined: “In the real world that means if the AstraZeneca vaccine is more than 60% efficacious (which is better than any flu vaccine – 95% is new big pharma BS IMO) and has no major side effects (one case of MS tells us nothing for the reason I outlined above), then it will be that or nothing for a sizeable slab of the world’s population. If everyone falls for big pharma’s transparent attempt to stop this possible vaccine in its tracks, prior to testing completion, then that will mean no vaccine for billions of our fellow humans, so rather than joining in the big pharma sabotage, it makes better sense to consider that vaccine more objectively than de Noli, that Harvard minion of corporations seems to do.”

I agreed with that and discussed the most likely reason why the AstraZeneca vaccine did not create a higher efficacy: “The AstraZeneca vaccine uses an adenovirus as ‘vector’ to deliver a DNA sequence that human cells then use to create one specific (but harmless) SARS-CoV-2 protein. The immune system will then learn to attack that protein. Afterwards it should be able to protect against SARS-CoV-2 infections. … In order to safeguard against cases where an already existing immunity to human adenoviruses may impede inoculation AstraZeneca is using a chimpanzee-originated version of an adenovirus as a vector. The Russian Sputnik V vaccine, hyped by Prof. de Noli on RT, uses two doses with different human adenoviruses (Ad-26, Ad-5) as vectors to increase the chance of inoculation.

Other vaccine developers, CanSino Biologics and Johnson & Johnson, are also using adenovirus vectors. Sinopharm’s vaccine uses an inactivated SARS-CoV-2 virus. AstraZeneca found by chance that its vaccine works best when the first dose is smaller than the second one. Vector immunity can explain why this is the case. A first high dose will create some immunity against the SARS-CoV-2 virus but also some immunity against the vector virus, the chimpanzee-originated adenovirus. When a first high dose has trained the immune system to fight the vector virus the second ‘booster’ vaccine dose using the same vector will become inefficient. A lower first dose can make sure that the second higher dose is not prematurely defeated by vector immunity but can still do its work.

Unbeknownst to me the Russian developers of the Sputnik V vaccine had come to the same conclusion: Sputnik V @sputnikvaccine – 13:10 UTC · Nov 23, 2020 “The possible reason for 62% efficacy of AstraZeneca’s full dose regiment is that immunity to chimpanzee adenoviral vector from the 1st shot makes 2nd shot not effective. #SputnikV addresses this issue by using two different human adenoviral vectors for two shots (92% efficacy). They had offered AstraZeneca to cooperate with them: Sputnik V @sputnikvaccine – 2:41 PM · Nov 23, 2020 “Sputnik V is happy to share one of its two human adenoviral vectors with @AstraZeneca to increase the efficacy of AstraZeneca vaccine. Using two different vectors for two vaccine shots will result in higher efficacy than using the same vector for two shots.” Today the Sputnik V website announced that AstraZeneca has accepted the proposal. Trials will start immediately.

Read more …

How many Australians are still stuck abroad after 11 months?

No Need For Vaccine This Year: Australia’s Chief Medical Officer (Yu)

Acting Chief Medical Officer Paul Kelly says Australia’s success against coronavirus means, unlike other countries, we can wait for full vaccine approvals. Australia’s top doctor says news of the U.S. drug regulator granting emergency use of the Pfizer vaccine – like the UK and Canada have also recently done – is not necessary in Australia. “We don’t need any vaccine this year,” Kelly told reporters in Canberra on Saturday. “Other countries are in far different state than us and they should be prioritised.” Australia will wait for the Therapeutic Goods Administration—the national drug regulator—to run through its own approvals of the Pfizer vaccine with the expectation it will be distributed in early 2021.


He highlighted the nation’s success at controlling virus transmission. “Today is eighth day in a row we’ve not had any community transmission,” Kelly said. “That’s the first time we’ve been able to say that since February.” This is compared with the fact that Friday was the most deadly day of the virus yet, with more than 13,000 deaths and skyrocketing infections, Kelly said. The emphasis right now is on having an impenetrable hotel quarantine system. “Whilst we’re concentrated on bringing Australians home… we have to make sure absolutely that our hotel quarantine system is the very best it can be,” Kelly said.

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Feels a bit much like guesswork.

Global Economy To Contract By 5.6% This Year Due To Pandemic – UN (RT)

The volume of global trade is set face the sharpest decline since the end of the global financial crisis, falling as much as 5.6 percent this year, the UN Conference for Trade and Development (UNCTAD) predicts. The figure, announced by the agency earlier this week, is more optimistic than its previous forecast, which expected global trade to contract by nine percent year-on-year. The previous largest decline was seen in 2009, when global merchandise trade took a 22-percent nosedive. However, the UNCTAD downgraded its forecast for the service sector, which was hit hard by a steep decline in travel, transport and tourism activity during the pandemic.


The troubled sector is on path to fall by a staggering 15.4 percent to levels last seen in the 1990s, according to nowcasts – data-led projections for the immediate future – from UNCTAD’s 2020 Handbook of Statistics. Even following the previous crisis, services trade was down by less than 10 percent. The pandemic has also transformed business as usual in 2020, the UN agency said, adding that it had to adjust statistics methods to provide up-to-date figures on the economic fallout. “Unlike previous years however, the models that nowcast international trade and GDP had to grapple with some of the most unusual circumstances in living memory,” said UNCTAD’s chief statistician, Steve MacFeely.

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“Feeding America handed out 4.2 billion meals from March through October, the most ever.”

Millions Of Working-Poor Americans Forced To Turn To Food Banks (ZH)

For the first time, millions of Americans waited in food bank lines this year, unlike anything seen since the Great Depression of the 1930s. According to AP, as the pandemic rages on, with more than 20 million still claiming unemployment benefits, food banks are dishing out more meals than ever. The one place millions of Americans found themselves this year, as readers may recall, really starting in mid-March, have been food bank lines. We highlighted this phenomenon sweeping across the country as the pandemic wrecked the working poor as they grappled with food insecurity. Among some of the most memorable sights this year, reminiscent of the Depression-era, were mile-long food bank lines.

Huge traffic jams captured by civilian drones documented large lines in San Antonio, Texas to Toledo, Ohio to Pittsburgh, Pennsylvania to Orlando, Florida, where thousands of vehicles carrying hungry people waited for care packages. Feeding America, a nationwide network of more than 200 food banks, was overwhelmed with demand as 20% of the organization’s food banks were at severe risk of running out of food earlier this year Demand at food banks has been so high, that Feeding America handed out 4.2 billion meals from March through October, the most ever. The organization reported a 60% average increase in food bank users during the pandemic – and at least 30% are first-timers. Data from Feeding America showed 181 food banks in its network distributed nearly 57% more food in the third quarter than the same period in 2019.

Estimates from the food bank suggest 1 in 6 Americans, from 35 million in 2019 to more than 50 million by the end of this year, will have food insecurity problems. The problem is worse for children – nearly 1 in 4 will go hungry as the pandemic deeply scarred the economy. Shockingly, Feeding America found that 1 in 5 residents in Mississippi, Arkansas, Alabama, and Louisiana could not put food on the table.

Read more …

“The Silicon Valley tech giants, who in the run-up to the election censored and suppressed the story about Joe Biden’s family business deals overseas – that later turned out to be accurate – and slapped “disputed” warnings on Trump’s claims of electoral fraud the way they never did on ‘Russiagate,’ are now openly censoring any notion that 2020 wasn’t perfectly legal. You’re now forbidden to say that. Soon you won’t be allowed to think it.”

SCOTUS Had One Last Chance To Keep The American Republic Together (Malic)

By washing its hands of responsibility to hear the Texas challenge to the 2020 presidential election, the nine Justices of the US Supreme Court may have sealed the country’s fate and made a kinetic civil war much more likely. On Friday, the highest court in the land decided that Texas “lacked standing” to challenge the conduct of elections in Georgia, Michigan, Pennsylvania and Wisconsin under Article 3 of the US Constitution. Yet the article in question explicitly states that the SCOTUS will be the original jurisdiction in “Controversies between two or more States; – between a State and Citizens of another State; – between Citizens of different States,” among other things. Contrary to media reports, Texas did not seek to “overturn” the election of Democrat Joe Biden.

The motion filed by Attorney General Ken Paxton very explicitly called for the court to order the state legislatures thereof to seat the electors, as is their constitutional prerogative. Yes, those legislatures are majority Republican, but nothing guaranteed they would actually back President Donald Trump. After all, Georgia has a Republican governor and secretary of state, and both declared the election clean as a whistle, brushing off all evidence of alleged irregularities. The very same media that brayed for the past four years about how the 2016 election was somehow tampered with by Russia – never offering any evidence for that – have declared the 2020 one pure as driven snow, the most secure in history, perfect in every way.

In what was surely a massive coincidence, it even happened to exactly mirror the 2016 result, with Biden getting 306 electoral college votes to Trump’s 232. The Silicon Valley tech giants, who in the run-up to the election censored and suppressed the story about Joe Biden’s family business deals overseas – that later turned out to be accurate – and slapped “disputed” warnings on Trump’s claims of electoral fraud the way they never did on ‘Russiagate,’ are now openly censoring any notion that 2020 wasn’t perfectly legal. You’re now forbidden to say that. Soon you won’t be allowed to think it. In America, the country that invented the constitutional amendment guaranteeing the freedom of speech and thought!

Democrats and their allies in the media and Silicon Valley were eager to declare the Texas motion “seditious.” One influential House Democrat said any Republican backing the lawsuit was “engaging in rebellion against the United States” and should be stripped of their office under the 14th Amendment, originally written to justify disenfranchising the Confederates after 1865. The irony here is that the Supreme Court could have actually prevented another civil war had it chosen to hear the Texas lawsuit, and then ruled against it on non-pretextual grounds. That, at least, would have sent the message to Trump supporters that the System works, and that they should continue to place their trust in it. There would always be the possibility of a rematch in the 2022 midterms or 2024.

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“I am not sure when it became acceptable for politicians to expressly refuse to state their intentions and policies until after they are elected.”

Reporters Disclosing Embarrassing Comments From Joe Biden (Turley)

We have been discussing the open bias shown by the media in the last four years. It is not clear if we can regain the ground lost for journalism as even journalism professors call for the rejection of objectivity in favor of advocacy. This has included shielding Joe Biden from any challenging questions during the recent election. That includes the news blackout on reporting on the Hunter Biden scandal, the subject of my column today in the Hill. CNN’s April Ryan personifies this trend. Even as the media is facing widespread criticism for burying the Hunter Biden story (and is now doing the same with the Swalwell scandal), Ryan lashed out at confidential sources responsible for leaking a recording of Joe Biden making embarrassing comments about the “defund the police” movement.

Ryan is demanding to know who is responsible for allowing the embarrassing comments to be made public despite her past enthusiastic discussion of such leaks against President Donald Trump. President-elect Biden lashed out at the “defund the police” movement this week in a meeting with civil rights leaders, stating “That’s how they beat the living hell out of us across the country, saying that we’re talking about defunding the police. We’re not.” The recording was obtained by The Intercept. What I felt was most notable was that Biden said that he would not share his plans for reforming the police until after the Georgia runoff to avoid any backlash from voters. While NBC paraphrased the quote as Biden warning “about getting ‘too far ahead of ourselves’ with critical Senate runoff elections in Georgia on Jan. 5,” it was more direct and disturbing than that.

Biden stated: “Just think to yourself and give me advice whether we should do that before Jan. 5th, because that’s how they beat the living hell out of us across the country, saying that we’re talking about defunding the police.” It was precisely what Biden did with regard to packing the Supreme Court. He expressly refused to tell voters whether he would support such a plan because it might cost him votes. The key issue in the Georgia runoff is whether, once in control of the Senate, the Democrats would move forward on what are viewed as radical proposals, including sweeping police reforms. Biden’s answer again is not to tell the voters what they have planned. As I mentioned yesterday, I am not sure when it became acceptable for politicians to expressly refuse to state their intentions and policies until after they are elected.

Biden has now twice said that he does not want voters to know in case it might cost votes. There are a host of issues raised by Biden’s remarks, but Ryan lashed out at the use of such tapes, which are standard in journalism; “I asked an incoming White House source was the meeting contentious with civil rights leader and @JoeBiden and the answer was ‘no’. A rights leader at the meeting says @JoeBiden was passionate,” Ryan tweeted. “The question is who taped this meeting and why? What is the agenda?”

Read more …

We’re not allowed to find out what went on with Balding and his story.

How NBC News Helped the Biden Campaign Ruin an Innocent Man (PJM)

Hunter Biden was the October Surprise that wasn’t. A report so explosive, so potentially damaging, so dangerous for national security that it should have destroyed Joe Biden’s bid for the White House. In any other election, fleets of investigative reporters would have been unleashed to verify the claims in the report. Instead, in the ultimate expression of Trump Derangement Syndrome, a major media company set out to personally destroy the man who they thought put the report together and thereby discredit the report to the point that the entire media complex in America took turns ridiculing the story instead of investigating it. The results could have dire implications for national security. But hey, at least they got rid of the Bad Orange Man.

The week before Election Day, RedState published a series of articles about Joe Biden and Hunter Biden, based on a 64-page report from researchers who combed public records to reveal how compromised the Biden family is to the Chinese Communist Party (CCP). You can read Part 1 here. The four-part series lays out deeply disturbing connections between Hunter Biden, Joe Biden, John Kerry, and the CCP. The pro-democracy news outlet Apple Daily, based in Hong Kong, used an earlier 40-page version of the report and was the first to report on its findings. In response, NBC News launched a coordinated attack on one of the publishers of the report, Christopher Balding. This attack had all the appearances of being coordinated with the Biden campaign and it had the effect of benefiting the CCP.

The report goes into intimate detail about the deep connections between the Biden family and the CCP. In fact, Hunter Biden’s company BHR is listed as a subsidiary of the Bank of China, owned by the CCP. Balding, who taught English for several years in China before moving to Vietnam to teach there for a couple of years, appeared on a Facebook Live event for the Oregon Republican Party (ORP) on October 30 to talk about his report. In that event, he said, “Hunter Biden started going to China, the first trips that we picked up were shortly before Biden became vice president in 2008, and there was a steady stream of visits to Beijing over time. I would say it was probably almost once a year to China during that time. He was meeting with individuals and institutions that would ultimately become the investors in the BHR Fund.”

“The first thing to note,” Balding said, “is this appears to significantly predate 2013 going back to probably 2008, that’s when you really see the groundwork being laid for this. I think another thing that is very important to note is that all of the individual institutions that are surrounding everything’s going on here … are very closely linked to the state, whether it is with a quasi-state type of organizations, whether it is state-owned banks, whether it is part of the actual government, everyone that you’re seeing here is very closely linked to the state. A lot of people that you’re seeing are also very closely tied to Chinese organizations that are known by the U.S. government and other governments to be intelligence, their cover institutions for Intel, and until an influence operation, and what I mean by that is China has a lot of very innocuous-sounding institutional or organizational names, you know, one of the ones that pops to mind is the Chinese Council for the Promotion of International Trade.

Read more …

“Such challenges and concerns are brought to the courts where we can have disputes resolved without violence in a constitutional system.”

Pascrell Seeks To Block 120 House Republicans From Being Seated (Turley)

It appears that Rep. Bill Pascrell (D., NJ) has a serious problem with Republicans going to court. We recently discussed Pascrell’s absurd effort to disbar roughly two dozen Republican lawyers for challenging the results of the 2020 election. Now Pascrell is declaring that 120 House Republicans signing a “Friend of the Court brief” (or amicus brief) is tantamount to supporting a rebellion against the United States and that they should be blocked from taking their seats in Congress. I previously denounced Pascrell for his “dangerous form of demagoguery.” This latest call shows the demagoguery has reached a level of utter delusion.

From the outset of the Texas lawsuit, I stated that it was virtually guaranteed to fail on standing. It did fail last night. However, courts are where we take cases alleging such injuries. Tens of millions of American believe that the election was not fair, including many Democratic voters. Roughly 70 percent of Republican voters believe the election was stolen. Such challenges and concerns are brought to the courts where we can have disputes resolved without violence in a constitutional system. Rather than welcome such review, Democrats have launched a scorched earth campaign, including an abusive campaign of harassment and abuse by the Lincoln Project. These efforts notably began shortly after Biden was declared the presumptive winner of the election and before any challenges were actually ruled upon by the courts.

Speaker Nancy Pelosi has also fueled such reckless rhetoric, declaring that the Republicans are “subverting the Constitution by their reckless and fruitless assault on our democracy which threatens to seriously erode public trust in our most sacred democratic institutions, and to set back our progress on the urgent challenges ahead.” Pascrell’s move against his colleagues mirrors language in the response of Pennsylvania’s Attorney General Josh Shapiro calling the Texas lawsuit “seditious.” Seeking judicial review is the antithesis of sedition or rebellion. It is working within our constitutional system for a legal opinion on the merits of a challenge. These litigants have complied with court orders, as has President Trump.

On Twitter, Pascrell declared: “Stated simply, the men and women who would act to tear the United States Government apart cannot serve as Members of the Congress. These lawsuits seeking to obliterate public confidence in our democratic system by invalidating the clear results of the 2020 presidential election undoubtedly attack the text and the spirit of the Constitution, which each Member swears to support and defend.”

Read more …

Blackstone.

GOP Megadonor Celebrates His Profits From “Huge Increases In Rents” (DP)

The world’s largest private equity firm has bankrolled campaigns against rent control and been accused by the United Nations of fueling a global housing crisis. Now, as millions are threatened with eviction during the pandemic, Blackstone’s top executive is openly bragging that the firm is making huge profits off of rent increases. At the Goldman Sachs’ Financial Services Conference on December 9, Blackstone’s billionaire CEO Stephen Schwartzman boasted that after the 2008 financial crisis, his firm was able to cash in on the mortgage crisis. At the time, the company was able to buy up foreclosed homes and convert them into rental properties subsequently plagued by accusations of dilapidation and excessive fees — all while it received a big financial boost from the government. Schwartzman, a top Republican donor and close ally of President Trump, indicated his firm is positioning itself for a similar jackpot.


“You always have winners and losers — Blackstone was a huge winner coming out of the global financial crisis and I think something similar is going to happen,” he said. Noting that about half of his private equity firm’s revenues are now from real estate, Schwarzman added: “We’re the largest owner of real estate in the private world. And that asset class has boomed with huge increases in rents, almost no occupancies, [and] rent collections from almost everyone.” Blackstone recently made billions selling off its single-family residential rental business — but in the last year, the company has been buying new stakes in residentialrental properties. In 2018 and 2020, it gave millions to political groups that successfully fought to defeat rent control ballot initiatives in California, where Blackstone has significant real estate investments.

Read more …

Is there any paper money left in Sweden?

Sweden Considers E-krona Amid Rapid Growth Of Cash-free Transactions (RT)

Swedish authorities have announced plans for a step-by-step replacement of the traditional krona with a digital equivalent, signaling a potential shift away from paper money in one of the world’s most cashless societies. A detailed review of the possibility was launched earlier this week, and is expected to be completed by the end of November 2022, according to the country’s financial markets minister, Per Bolund. It followed the launch of a pilot Central Bank Digital Currency (CBDC) earlier this year. The ministry reportedly set up a committee to oversee the review headed by Anna Kinberg Batra, a former chairwoman of the central bank’s finance committee. Sweden is among the world’s pioneers when it comes to integrating a digital currency into a national financial system.


Earlier this year, the Riksbank, the country’s central bank, launched a pilot project to introduce an electronic krona based on the same blockchain technology that underpins digital currencies like bitcoin. The government will officially launch e-krona as soon as the review is completed. “Depending on how a digital currency is designed and which technologies are used, it can have large consequences for the entire financial system,” Bolund told Bloomberg, stressing that “it’s crucial that the digitalized payments market functions safely, and that it’s available to everybody.” The use of paper money in Sweden has significantly declined in recent years, with that trend strongly reinforced during the peak of the coronavirus pandemic. The national mobile payment system, Swish, has bolstered the move since it was introduced in 2012 by Sweden’s six largest banks.

Read more …

The Brexit stories will increasingly come in fast and furious for the rest of the year.

UK Ministers Warn Supermarkets To Stockpile Food On No-deal Brexit Fears (R.)

British ministers have warned supermarkets to stockpile food amid possibilities of a no-deal Brexit, with shortages feared as talks with the European Union remain deadlocked, The Sunday Times newspaper reported. UK Prime Minister Boris Johnson is set to take control of planning if Britain opts for no deal and will chair an exit operations committee to prepare the response, the newspaper reported. Ministers have told suppliers of medicines, medical devices and vaccines to stockpile six weeks’ worth at secure locations in the United Kingdom, the report added.

Read more …

How about his own government?

Australian MP Calls On Trump To Pardon Assange Before Leaving WH (RT)

Australian MP George Christensen called on Donald Trump to pardon WikiLeaks founder and fellow Australian citizen Julian Assange while he still can, as it seems to be the US president’s last month in the Oval Office. Christensen – a member of the Liberal National Party who represents Dawson, Queensland – launched a petition this week encouraging the president to pardon the journalist, who faces up to 175 years in prison for publishing classified material. Christensen also appeared on Sky News Australia to make his case. He told the network that Assange “has been a target of the Democrats,” noting that his persecution started under the administration of former president Barack Obama.

“I mean Hillary Clinton hates his guts, obviously, for exposing who the real Hillary was, and you’ve had a war on Assange by the Democrats and the deep state,” he claimed, pointing out that projected president-elect Joe Biden has called Assange a criminal and a “hi-tech terrorist.” The MP argued that a pardon is “one way that Donald Trump can stand up for free speech,” and against the Democratic establishment, and would also allow him to “poke the deep state in the eye.” At the center of the United States’ “great document of democracy that is the United States Constitution” is free speech and freedom of the press, Christensen declared, before concluding, “So I’m hoping that he will pardon Julian Assange. It’s the right thing to do.”

During his Sky News appearance, Christensen also sided with Trump’s allegations of 2020 election voter fraud, claiming that the Democrats have “successfully stolen an election from Donald Trump.” Also on Saturday, Stella Morris, Assange’s partner and the mother of his children, told the Australian government in her own Sky News Australia interview to “pick up the phone and speak to its closest allies” in order to get Assange freed.

Read more …

 

 

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 July 11, 2018  Posted by at 9:24 am Finance Tagged with: , , , , , , , , , ,  10 Responses »


Edward Hopper The camel’s hump 1931

 

As Global Debt Hits A Record $247 Trillion, The IIF Issues A Warning (ZH)
US To Slap Tariffs On Extra $200 Billion Of Chinese Imports (R.)
Has the Fed Permanently Inflated Home Prices? (Whalen)
Trump Forced To Reinstate ‘Catch And Release’ After Court Defeats (G.)
40% Of Mexican Territory Is Paralyzed By Violence (G.)
EU Negotiator Michel Barnier Says 80% Of Brexit Deal Is Agreed (G.)
UK Government Draws Up Secret Plans To Stockpile Processed Food (Sun)
Red Cross Tells UK: End Damaging Immigration Detention (Ind.)
I’m A Doctor In Lampedusa. We Can’t Let These Migrant Deaths Go On (Bartolo)
US Judge Allows Lawsuits Over Monsanto’s Roundup To Proceed To Trial (R.)
Thailand Water Pumps Failed Just After Last Boy Escaped (G.)

 

 

Madness.

As Global Debt Hits A Record $247 Trillion, The IIF Issues A Warning (ZH)

Every quarter the Institute of International Finance publishes a new number of the total amount of global debt outstanding, and every quarter the result is the same: a new record high Today was no exception: according to the IIF’s latest Global Debt Monitor, the amount of debt held in the world rose by the biggest amount in two years during the first quarter of 2018, when it grew by $8 trillion to hit a new all time high of $247 trillion, up from $238 trillion as of Dec. 31, 2017 and up by $30 trillion from the end of 2016. In other words, there is now a quarter quadrillion dollars in global debt, and it represents 318% of global GDP.

More concerning is that this was the first time since Q3 2016 that global debt to GDP increased, suggesting that the marginal utility of debt is once again below 1. This is how the debt is broken down as of Q1 2018 and compared to Q1 2013: • Non-financial corporate debt: $74 trillion, up from $58 trillion in 5 years • Government debt: $67 trillion, up from $56 trillion • Financial debt: $61 trillion, up from $56 trillion • Household debt: $47 trillion, up from $40 trillion. [..] What was surprising about the report – certainly not the latest all time high debt numbers, those are now standard – is that the IIF voiced a strongly negative opinion of recent developments in the debt arena.

“The pace is indeed a cause for concern,” warned IIF’s Managing Director Hung Tran during a call with reporters. “The problem with the pace and speed is if you borrow or if you lend very quickly, the quality of the credit tends to suffer.” It also means more governments, businesses and individuals have been borrowing that could have trouble paying the money back, or merely paying interest on it as rates rise. “The quality of creditworthiness has declined sharply,” Tran added ominously, echoing what Moody’s said at the end of May.

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“Tariffs are taxes, plain and simple..”

US To Slap Tariffs On Extra $200 Billion Of Chinese Imports (R.)

The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports. U.S. officials released a list of thousands of Chinese imports the administration wants to hit with the tariffs, including hundreds of food products as well as tobacco, chemicals, coal, steel and aluminum. It also includes consumer goods ranging from car tires, , furniture, wood products, handbags and suitcases, to dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products. “For over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition,” U.S. Trade Representative Robert Lighthizer said in announcing the proposed tariffs.

“Rather than address our legitimate concerns, China has begun to retaliate against U.S. products … There is no justification for such action,” he said in a statement. Last week, Washington imposed 25 percent tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of U.S. exports to China. Investors fear an escalating trade war between the world’s two biggest economies could hit global growth. President Donald Trump has said he may ultimately impose tariffs on more than $500 billion worth of Chinese goods – roughly the total amount of U.S. imports from China last year. The new list published on Tuesday targets many more consumer goods than those covered under the tariffs imposed last week, raising the direct threat to consumers and retail firms.

The tariffs will not be imposed until after a two-month period of public comment on the proposed list, but some U.S. business groups and senior lawmakers were quick to criticize the move. Senate Finance Committee Chairman Orrin Hatch, a senior member of Trump’s Republican Party, said the announcement “appears reckless and is not a targeted approach.” The U.S. Chamber of Commerce has supported Trump’s domestic tax cuts and efforts to reduce regulation of businesses, but it has been critical of Trump’s aggressive tariff policies. “Tariffs are taxes, plain and simple. Imposing taxes on another $200 billion worth of products will raise the costs of every day goods for American families, farmers, ranchers, workers, and job creators. It will also result in retaliatory tariffs, further hurting American workers,” a Chamber spokeswoman said.

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No.

Has the Fed Permanently Inflated Home Prices? (Whalen)

The importance of the fact that US bank credit metrics are showing essentially zero cost in residential lending from portfolio loans is that it begs the question as to home price valuations and thus loan-to-value (LTV) ratios. A number of analysts have predicted an imminent reset in terms of home prices, but this has not happened for several reasons. The chart below shows the Case-Shiller average for US home price appreciation. First, real estate is a local market, so generalizations such as Case-Shiller are dangerous. New York City has been slumping for the past two years, but other markets around the country such as Denver remain hot.

The work of Weiss Residential Research clearly shows a turn in some major urban markets that have been moving higher since 2012 and before. But these moves seem more a function of buyer exhaustion than a permanent move to a buyers market. They key factor is cheap money chasing a limited supply of homes. Second, the US home market is in a classic supply squeeze. Referring to the work of Laurie Goodman at Urban Institute, the US is adding less than 1 million new units per year net of attrition of obsolete homes. Basically, new household formation is 50% higher than the growth in new housing units. More, the Fed’s manipulation of interest rates and credit spreads encouraged Wall Street to allocate capital to buying residential homes as rental properties, further limiting supply of homes available for sale.

Net, net, Millennials have been priced out of the housing market because the omniscient souls on the Federal Open Market Committee think that boosting asset prices will lead to more spending and job creation. Instead, low interest rates and help from the GSES (Fannie, Freddie and Ginnie) have driven up home prices beyond the reach of many home owners in major metro areas.

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Stop. It.

Trump Forced To Reinstate ‘Catch And Release’ After Court Defeats (G.)

Donald Trump’s administration has said it will release some migrant families from detention with ankle monitors, marking a return to the so-called “catch-and-release” policy the president vehemently denounced. The announcement comes as the US government scrambles to reunite thousands of migrant children who were separated from their parents at the border under the Trump administration’s “zero tolerance” immigration policy. “Parents of children under the age of five are being reunified with their children, then released and enrolled into an alternative to detention (ATD) program, meaning they will be placed on an ankle monitor and released into the community,” said Matthew Albence, a senior official with US Immigration and Customs Enforcement.

The Trump administration was left with few options after a series of court orders. A federal judge last month ordered the reunification of children under five by 10 July. That deadline was not met, officials acknowledged, while noting plans were under way on Tuesday to reunite up to 54 migrant children under five with their parents. There are an estimated 102 migrant children under five in federal custody, with a limited number of cases not qualifying for reunification due to the parents’ criminal background or signs of child abuse. The administration additionally lost in an attempt to overturn a 1997 court precedent that says minors cannot be held for more than 20 days.

Read more …

What a job the new government has.

40% Of Mexican Territory Is Paralyzed By Violence (G.)

As much as 40% of Mexican territory is prisoner to chronic insecurity and violence, the future chief of staff of Andrés Manuel López Obrador, the incoming president, has claimed. Alfonso Romo, a prominent entrepreneur who was part of the leftist’s watershed election triumph last week, made the assertion during a summit of business leaders on Monday in Mexico City. “Veracruz is paralyzed. Tamaulipas, paralyzed; Michoacán, paralyzed. Guerrero, paralyzed,” Romo said, referring to four of the most notoriously violent states in a country that last year suffered a record 29,000 murders.

“I won’t go on, so I don’t scare you,” Romo added, according to the newspaper Unomásuno which splashed the widely-reported claim onto its front page under the bright red headline: “Paralyzed by Insecurity”. López Obrador, or Amlo as he is widely known, made cutting violence a key prong of his third presidential bid and his promise to “pacify” Mexico helped him secure more than 30 million votes. Amlo has vowed to rethink Mexico’s devastating and highly militarized war on drugs – which experts blame for at least 200,000 deaths since 2006 – and be tough on the social causes of crime.

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Hard to believe.

EU Negotiator Michel Barnier Says 80% Of Brexit Deal Is Agreed (G.)

The chief Brexit negotiator for the European Union has declared that 80% of a deal with the UK has been agreed, in a change of narrative that suggests a full agreement can be sealed before October’s deadline. Speaking in New York on Tuesday, Michel Barnier said: “After 12 months of negotiations we have agreed on 80% of the negotiations.” He added that he was determined to negotiate a deal on the remaining 20%. The declaration that four-fifths of the deal is done is a significant change of tone from the EU after months of protests that it could not negotiate because the UK had not put its own proposals on the table.

Speaking at the Council on Foreign Relations in New York, Barnier said he looked forward to a “constructive discussion” with the UK after the white paper on Brexit is published on Thursday. But he warned: “We need clarity for these negotiations to move forward for the time is very short.” Barnier said he had never been shown how Brexit provided added value when the world faced challenges from terrorism and climate change to migration, poverty and financial instability. “It will be clear, crystal clear at the end of this negotiation that the best situation, the best relationship with the EU, will be to remain a member,” he said. Barnier added: “No deal is the worst solution for everybody. It would be a huge economic problem for the UK and also for the EU. I’m not working for that deal, I’m working for a deal.”

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Fun with the Sun.

UK Government Draws Up Secret Plans To Stockpile Processed Food (Sun)

Ministers have drawn up secret plans to stockpile processed food in the event of EU divorce talks collapsing – to show Brussels that “no deal” is not a bluff. Theresa May has ordered “no deal” planning “to step up” — with the government poised to start unveiling some of the 300 contingency measures in the coming weeks. At last week’s Chequers summit, Brexiteer ministers demanded more be done to prepare for Britain leaving the EU out without a new arrangement in place. The Sun can reveal that includes emergency measures to keep Britain’s massive food and drinks industry afloat – including stockpiling ahead of exit day on 29 March next year.

More than £22 billion worth of processed food and drinks are imported in to the UK – 97 per cent from the EU – in an industry that keeps 400,000 workers employed in the UK. Similar stockpiles are also being prepared for medical supplies amid fears of chaos at British ports next year. Brexit department insiders also claim plans have also been “wargamed” to ease pressure on Calais, including importing and exporting more goods through Holland, Belgium and directly from Spain. Last night Downing Street said “no deal preparation work is to be stepped up” and led by new Brexit Secretary Dominic Raab. Yesterday the Cabinet newbie briefed fellow ministers on measures Britain is taking, with No10 saying: “It’s sensible to make preparations for all scenarios and that includes No Deal.”

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Humanity.

Red Cross Tells UK: End Damaging Immigration Detention (Ind.)

The British Red Cross has called for an overhaul of the UK’s immigration detention system. Conditions are such that detainees suffer mental health problems which sometimes lead to suicide attempts, according to the charity. Thousands of innocent asylum seekers – often fleeing war and torture – are detained each year and locked up indefinitely with no support, the charity warned. In the first intervention of its kind by a major charity, the Red Cross calls for significant reforms including a 28-day limit on detention. It found cases of asylum-seekers being detained for as long as two years and seven months. Five of the 26 detainees interviewed for the report had attempted suicide while they were detained, and just 25 of them said they had been given no access to mental health support services.

Pregnant women continue to be “needlessly detained” in breach of the Home Office’s own guidance – with 47 pregnant women detained in the year to June 2017. The charity said the “overly onerous and traumatic” experience of attending immigration reporting centres – which many are required to do every every two weeks – should be overhauled by banning the practice of detaining people when they turn up. Mike Adamson, chief executive of the British Red Cross, said: “Most of the people in the UK asylum process have fled conflict or persecution to find a place of safety. They have already experienced more trauma and anguish than the rest of us could possibly imagine.

“The threat of detention without notice hangs over many people going through the asylum process in the UK. Our research shows that not knowing whether this week will be the week they are detained again, can make the process of having to report regularly extremely distressing. “This can exacerbate existing mental health issues and mean people never truly feel free.”

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More humanity.

I’m A Doctor In Lampedusa. We Can’t Let These Migrant Deaths Go On (Bartolo)

For a long time, I was proud of my country. I work as a doctor on the small island of Lampedusa in the middle of the Mediterranean, a place that is something of a symbolic gateway between Africa and Europe. In recent decades, Italy showed how it could honour humanity, giving the word “welcome” a new meaning, without ever building walls or putting up barbed wire along its borders. These acts of openness were recognised by other countries, by the EU, and by the gratitude of the thousands of people whose lives we saved over the years. But I stopped feeling proud to be Italian from the moment our government, denying all that had previously been done, decided to establish an agreement with Libyan groups in Tripoli – which meant, directly or indirectly, with people smugglers.

I still remember how in 2016 my country had vigorously joined the outrage triggered by Europe’s decision to bankroll Turkey’s President Erdogan with €6bn so he’d ignore or stop the migration flows from Syria. Italy’s position was then sacrosanct. It has since been somehow inexplicably disavowed in deeds. There is only one dramatic difference between what Europe did with Turkey then and what Italy is doing with Libya today. Refugee camps set up in Turkey are more or less efficient; in Libya, people are detained in horror camps where they are raped, tortured and killed. Instead of the wall that Italy did not build on its own territory, we’ve erected two walls elsewhere. The one in Libya has allowed us to cut the number of arrivals on our shores by 70%; the other, within ourselves, allows us to pretend we don’t see what is being done to the 70%.

Well, I can tell you what’s being done to these people. From my workplace, the Lampedusa clinic, their fate is clear to see. They are tortured daily, atrociously, for years on end. Those brought to us, by helicopter or motorboat, are close to death, with burns, serious injuries from blows, electric currents applied to the head or genitals, gunshot wounds, and razor-blade cuts. They are almost always dehydrated, in a state of hypothermia, and so underfed they are on the brink of collapse. They bring to mind the suffering of a concentration camp – yes, a concentration camp.

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There will always be scientists willing to claim it’s not cancerous.

US Judge Allows Lawsuits Over Monsanto’s Roundup To Proceed To Trial (R.)

Hundreds of lawsuits against Monsanto by cancer survivors or families of those who died can proceed to trial, a federal judge ruled on Tuesday, finding there was sufficient evidence for a jury to hear the cases that blame the company’s glyphosate-containing weed-killer for the disease. The decision by U.S. District Judge Vince Chhabria in San Francisco followed years of litigation and weeks of hearings about the controversial science surrounding the safety of the chemical glyphosate, the key ingredient in Monsanto’s top-selling weed-killer. Monsanto is now a unit of Bayer, following a $62.5 billion takeover of the U.S. seed major which closed in June. The U.S. Environmental Protection Agency last September concluded glyphosate is likely not carcinogenic to humans.

But the World Health Organization in 2015 classified glyphosate as “probably carcinogenic to humans.” Chhabria called the plaintiffs’ expert opinions “shaky” and entirely excluded the opinions of two scientists. But he said a reasonable jury could conclude, based on the findings of four experts he allowed, that glyphosate can cause cancer in humans. The plaintiffs will next have to prove Roundup caused cancer in specific people whose cases will be selected for test trials, a phase Chhabria in his Tuesday opinion called a “daunting challenge.” Lawsuits by more than 400 farmers, landscapers and consumers who claim Roundup caused them to develop non-Hodgkin’s Lymphoma, a type of blood cell cancer, have been consolidated before Chhabria.

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Good read on what went down. Amazing people. All the equipment that was brought in. All the mud that was removed. Wow.

Thailand Water Pumps Failed Just After Last Boy Escaped (G.)

The rescue operation to free the last of the 12 boys and their football coach from a Thailand cave could have been a disaster, divers have revealed, with water pumps draining the area failing just hours after the last boy had been evacuated. Divers and rescue workers were still more than 1.5km inside the cave clearing up equipment when the main pump failed, leading water levels to rapidly increase, three Australian divers involved in the operation told the Guardian on Wednesday, in the first detailed account of the mission to be published. The trio, stationed at “chamber three”, a base inside the cave, said they heard screaming and saw a rush of head torches from deeper inside the tunnel as workers scrambled to reach dry ground. Everyone, including the last three Thai navy Seals and medic who had spent much of the past week keeping vigil with the trapped boys, was out of the cave a short time later.

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