Oct 012018
 
 October 1, 2018  Posted by at 1:16 pm Primers Tagged with: , , , , , , ,  


John French Sloan Election night 1907 1907

 

Remember Stormy Daniels? Bet you do. And lucky you, you’ll be hearing and seeing a lot more about her -again- as her already classic tome “Full Disclosure” is due out tomorrow -wouldn’t Full Frontal have been a better title?-.

Poor Stormy though has to compete with 2 other anti-Trump books coming out om the same day, “The Fifth Risk” by Michael Lewis, which could actually be good, and “The Apprentice” by Greg Miller, who’s a journo at the WaPo, so that will definitely not be any good. Hope for Miller that he’s got some sex in his book.

That all these books come out now is no coincidence; it’s because Trump sells better than sex in America these days, and the combination of the two is a can’t miss. AFP writes about the books about Trump, of which “Fire and Fury,” “A Higher Loyalty” “and “Fear” have already sold over a million copies each.

The article quotes a certain David Corn, co-author of “Russian Roulette,” a book about Russian interference in the American presidential campaign (YAWN, not enough sex!), as saying: “There is deep desire on the part of many Americans for an understanding of what happened in this country” during the 2016 presidential campaign”, and also of “what’s going on now within the Trump White House.”

C’mon, no, Americans simply have grown addicted to reading stories bashing Trump every single day, and as behooves addicts, they want more every day. The coverage of the Kavanaugh hearings has only enhanced their lust for dirt, sex and sensationalism. And the media stand ready to give them more.

Corn again: “One potential problem is that people get too accustomed to the outrages of the Trump administration, and therefore become less interested in books like these. “But I don’t see that happening any time soon.” He’s right on that last bit. But forgets to mention -or simply doesn’t understand- that the ‘outrages’ are largely made up by the media who ‘report’ on them.

 

Why do they do this? Because it sells. No mystery there. Anything Trump sells. The Donald is the Golden Eggs Goose. That is the no. 1 business model for not just the US media, but for its entire society. Everything Trump touches turns into gold for someone. The media are making a killing, and they’re going to keep doing the same 24/7 scandal stories.

Yes, Brett Kavanaugh is undoubtedly a prick. So first thought: he’ll fit right in. But his accusers so far have not been very convincing. Nice performance from Blasey Ford, but the memory loss is weak. Still, it doesn’t matter, the story sells. It has Trump, it has sex, it has drama, abuse, the promise of more to come. Ideal set-up for the media.

Still, somewhere along the line one issue emerges: for many people in the anti-Trump crowd, this whole campaign is supposed to be based on working towards the impeachment of Donald Trump. The ultimate prize. But does anyone think that the New York Times, Washington Post, CNN and MSNBC really would want to see him impeached right now?

Think again. Where and how would they make money? Why would they kill the Goose That Lays the Golden Eggs? It makes no sense at all from a business point of view. The ideal world for the MSM is to let things continue just the way they have: bash Trump and anyone associated with him, but never run the risk that anyone would actually think of getting rid of him.

What would they do, the journalists, the TV presenters, the book writers, if Trump would leave, and Mike Pence were to live in the White House? They would all be back to grave financial problems. In a heartbeat, because digital media are inexorably taking over from them, even if Trump temporarily saved them. They need Trump much more than he needs them.

All this puts the old media in an interesting -potential?- conflict with the party they’re so enthusiastically supporting, the Democrats. And it’s good to ponder, too, that the MSM didn’t see this coming, at all. They were just going after Trump with all they got and then some because their owners and sponsors wanted Hillary and certainly not him.

 

When Trump raised their reader and viewer numbers through the roof because of all the Russia and corruption and, yes, sex, stories, they were taken by surprise, but they adapted fast, egged on forcefully by their financial departments: Look at the numbers, keep this up no matter what you do!

It works for them for now, and they don’t look much further; they can’t afford to. But the next problem is already on their horizons. That is, their editorial policies have alienated them from half the entire American population: Trump voters. And they will have a hard time ever getting any of those back, if ever.

There’ll be a time when the Donald is no longer the president and the attention magnet he is today. That will make much less people want to read and view the MSM. It’s all about entertainment, after all, and they can’t make up the kind of entertainment Trump provides. They can distort and exaggerate what he gives him, but they can’t invent him.

Like it or not, like him or not, Trump is a unique phenomenon not only in America, but globally. Perhaps most interesting is that he was never all that special, just a business guy surrounded by -too- many questions, and a reality TV person, who got some attention but in a limited way.

Once he entered politics that all changed. And it did through a very particular kind of cross-breeding. The media all lined up against him, and he fed off that, and then they fed off of that. It’s quite the symbiosis. The one big difference is that he never needed them as much as they did him, he built his victory, found his voters, on new -social?- media.

 

The MSM tried to destroy him and instead they built him up. And perhaps that’s not so surprising if your worldview and business model is based on polarization and antagonism, on excluding entire segments of a population and fulminate against them 24/7. But then again, if you’re a business and you’re making big profits, it’s easy to lose sight of longer term issues.

From my point of view, I’d say America needs to come together a lot more than it is right now; the present chasm is extremely volatile and can lead to really bad outcomes. But how can you do this if your media depend on keeping that chasm alive, and widening it, to make money?

Kavanaugh is an ordinary prick who’d fit right in in DC and so shouldn’t be allowed anywhere near it. . Blasey Ford is a sympathetic person who forgot more than she should have if she wants to accuse anyone of anything 35 years later. In a normal world many people would agree with both statements. But today it’s “I believe her no matter what” or “confirm him tomorrow”.

Today the media realize if they don’t antagonize and set people up against each other, they’re done. Maybe it was inevitable that Trump would bring that out, that he would reveal what was waiting under the surface all along. No matter how you see this, it’s obvious that it’s poison for the nation. It’s toxic and dangerous.

However, isn’t all of America by now based on profit first and nothing second? And isn’t some form of civil war then the only possible outcome?

 

 

Sep 252018
 
 September 25, 2018  Posted by at 9:18 am Finance Tagged with: , , , , , , , , , , ,  


René Magritte Memory of a journey 1955

 

Axios Issues Critical “Clarification” To Rosenstein Resignation Report (ZH)
Kavanaugh: “I’m Not Going Anywhere”… And I Was A Virgin In High School (ZH)
Going Full Porn (Kunstler)
China Says US Putting ‘Knife To Its Neck’, Hard To Proceed On Trade (R.)
US Judge Suggests He May Dismiss Stormy Daniels Lawsuit Against Trump (R.)
UK-EU Flights To Be Grounded In Case Of No-Deal Brexit (Ind.)
Labour Confirms Remain Can Be Party’s Choice In New Brexit Referendum (Ind.)
US Judge Orders Federal Protection Restored To Yellowstone Grizzlies (R.)
Aquarius Cannot Disembark Migrants In Marseille – French Minister (G.)
Monsanto’s Glyphosate Weedkiller Harms Honeybees, Research Finds (G.)
Glyphosate Industry Fails to Stop US Funding for Global Cancer Agency (SP)

 

 

Axios reported yesterday that Rod Rosenstein was on his way to the White House to resign. Zero Hedge ran with the story. It turned out to be false. Now Zero Hedge has no less than 5 updates to the story. It keeps changing. But are you now going to go to Axios for your news?

Axios Issues Critical “Clarification” To Rosenstein Resignation Report (ZH)

Update 5: Jonathan Swan, the Axios reporter who initially broke the news this morning that Rod Rosenstein had “verbally resigned” and subsequently triggered a drop in the Dow that erased billions of dollars in value, has issued an important “clarification” that – as fate would have it – changes the story from a major news-cycle-dominating revelation to a barely noteworthy tidbit. After sparring with Vanity Fair reporter Gabriel Sherman, who suggested that Swan “got played” by a White House insider looking to distract from the second Kavanaugh revelation, Swan has admitted that the phrasing of his initial report was a little off.

Instead of reporting that Rosenstein had “verbally resigned”, Swan said he meant to say that Rosenstein had verbally offered his resignation to Chief of Staff John Kelly. “Note for readers: I regret the way I wrote this morning’s version of the story. By saying Rosenstein had “verbally resigned” to Kelly rather than “offered his resignation,” I conveyed a certainty that this fluid situation didn’t deserve. It’s an important nuance, and I regret the wording.”

We’re sure all of those algos that sold on the headline also “regret” their error, too.

Update 4: Speaking to reporters at the United Nations, President Trump finally commented on the political event du jour, saying he’s looking forward to meeting with Deputy Attorney General Rod Rosenstein on Thursday to discuss his future and “determining what’s going on”, after Axios reported earlier that Rosenstein told Trump’s Chief of Staff John Kelly that he was resigning. “We’ll be determining what’s going on,” Trump told reporters at the United Nations on Monday. “We want to have transparency, we want to have openness and I’m looking forward to meeting with Rod at that time.” Trump didn’t answer a question about what may happen to Rosenstein. “I spoke with Rod today and we’re going to have a meeting on Thursday when I get back to the White House,” he said.

Read more …

Another gone out of hand tale. Kavanaugh’s claim is bold. If he did have sex while in school, that should be easy to prove.

Kavanaugh: “I’m Not Going Anywhere”… And I Was A Virgin In High School (ZH)

Breaking his public silence for first time since the hearings last month, Supreme Court nominee Judge Brett Kavanaugh, appeared alongside his wife, on Fox News Channel’s “The Story with Martha MacCallum” tonight to address the sexual misconduct allegations that have put his confirmation at risk of unraveling. As we detailed earlier, Brett Kavanaugh defied his accusers on Monday when he said, in a letter to Senate Judiciary Committee Sens. Chuck Grassley (R-Iowa) and Dianne Feinstein (D-Calif.), that he will “not be intimidated into withdrawing” his Supreme Court nomination and staunchly denied the accusations, calling them a “grotesque and obvious character assassination” and “a coordinated effort” to drive him out on the nomination.

Ahead of tonight’s interview, President Trump tweeted about the interview and reiterated that “this is an outstanding family who must be treated fairly!” And in tonight’s first interview since the allegation, Kavanaugh began assertively, saying: “I’m not going anywhere… “I want a fair process where I can defend my integrity, and I know I’m telling the truth,” the judge said. “I know my lifelong record and I’m not going to let false accusations drive me out of this process… I have faith in God and I have faith in the fairness of the American people.” In the interview, Kavanaugh emphatically denied Ford’s claim against him, telling McCallum that he was a virgin through high school and for “many years after.” “I did not have sexual intercourse in high school or for many years thereafter. The girls from the schools I went to and I were friends.”

[..] Kavanaugh added that he was “not questioning and have not questioned that perhaps Dr. Ford at some point in her life was sexually assaulted by someone at some place but what I know is I’ve never sexually assaulted anyone.” Additionally, Judge Kavanaugh’s wife, Ashley Estes Kavanaugh, spoke publicly for the first time about the allegations that her husband is facing, and how their two daughters are dealing with the accusations against their father. “It’s very difficult to have these conversations with your children, which we’ve had to have.” “They know Brett and they know the truth and we told them at the very beginning of this process that this will be not fun sometimes, just remember, you know your dad.”

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“I would take the Ramirez accusation as tantamount to a declaration of war by the Resistance. And as the old saying goes, all’s fair in love and war.”

Going Full Porn (Kunstler)

The part that I find interesting in the New Deborah Ramirez accusation is this: “After six days of carefully assessing her memories and consulting with her attorney, Ramirez said that she felt confident enough of her recollections to say that she remembers Kavanaugh had exposed himself at a drunken dormitory party, thrust his penis in her face, and caused her to touch it without her consent as she pushed him away.” Six days of meditation, prayer, memory-wracking, attorney-prompting, and — no doubt — earnest and heartfelt coaching by Resistance memory-recovery shamans, overcame the effects of 35 years and, say, seven Jello-shots to retrieve the details of that long-ago encounter.

(No one mentioned bong-hits, at least not yet, but how could there not have been, on top of the drinking games?) But the real gold in the story comes in this revelation: “Ramirez, who was raised a devout Catholic, in Connecticut, said that she was shaken. “I wasn’t going to touch a penis until I was married.” Really? Maybe she should have gone to the weekly meeting of the Yale Freshman Women’s Math and Physics Circle instead of an apparently mostly male dorm party convened for the purpose of getting shitfaced drunk with the greatest possible efficiency. Did she not know what was going on there? Was she forced to stick around? Did the boys make her down those shots?

Now that all American womanhood has been faced, shall we say, with the image of the looming universal horrifying penis, all bets on the Kavanaugh nomination are off. But the gambit does raise the possibility that it will be answered by some rough justice from the conservative side of the field. It will be interesting to see in the weeks and months ahead how many Democratic house and senate members will be revealed as would-be rapists and sluts. I can’t imagine that none of them have secrets to hide. In fact, I would take the Ramirez accusation as tantamount to a declaration of war by the Resistance. And as the old saying goes, all’s fair in love and war.

Read more …

With all the domestic squabbles, we’d almost forget China.

China Says US Putting ‘Knife To Its Neck’, Hard To Proceed On Trade (R.)

A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a day after both sides heaped fresh tariffs on each other’s goods. When the talks can restart would depend on the “will” of the United States, Vice Commerce Minister Wang Shouwen said at a news conference in Beijing.U.S. tariffs on $200 billion worth of Chinese goods and retaliatory taxes by Beijing on $60 billion worth of U.S. products including liquefied natural gas (LNG) kicked in on Monday, unnerving global financial markets.

“Now that the United States has adopted such a huge trade restriction measure … how can the negotiations proceed? It’s not an equal negotiation,” Wang said, stressing the United States has abandoned its mutual understanding with China. China’s top diplomat also told business people at a meeting in New York that talks could not take place against the backdrop of “threats and pressure”, the Foreign Ministry said. Certain forces in the United States have been making groundless criticisms against China about trade and security issues, which has poisoned the atmosphere for Sino-U.S. ties and is highly irresponsible, State Councillor Wang Yi was quoted as saying, without naming anyone.

Read more …

Only the defamation lawsuit. There’s much more to come.

US Judge Suggests He May Dismiss Stormy Daniels Lawsuit Against Trump (R.)

President Donald Trump likely had a free-speech right to make a Twitter comment disputing allegations by adult film actress Stormy Daniels, a federal judge said on Monday, indicating he was inclined to dismiss her defamation lawsuit against Trump. Daniels, whose real name is Stephanie Clifford and who has said she had a sexual encounter with Trump in 2006, sued the president for defamation in April in federal court over the tweet. The lawsuit centers on Daniels’ assertion that a man approached her in 2011 in a Las Vegas parking lot and made a veiled threat after she agreed to talk about her alleged encounter with Trump to In Touch magazine.

Soon after Daniels released a sketch of the man she said threatened her, Trump, who has denied having an affair with Daniels, disputed her account on Twitter, saying: “A sketch years later about a nonexistent man. A total con job, playing the Fake News Media for Fools (but they know it)!” Daniels’ attorneys said the tweet portrayed her as a liar, but attorneys for Trump asked a federal judge in Los Angeles to dismiss the defamation lawsuit. “The question is whether the tweet by the president is protected communication or political hyperbole and non-defamatory on its face,” U.S. District Judge James Otero said at a hearing on Monday.

Otero cited certain protections from defamation Trump would have under the U.S. Constitution’s guarantee of free-speech rights. “He’s a public official, he’s president of the United States, so it doesn’t get much higher than that,” Otero said. “It’s free speech by a public official on a matter of public concern.” Otero stopped short of issuing a formal ruling on the request to dismiss the lawsuit.

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For better or for worse, tthe single market is a complex thing.

UK-EU Flights To Be Grounded In Case Of No-Deal Brexit (Ind.)

Flights will be grounded if Britain crashes out of the EU next March unless an emergency aviation deal can be struck, the government has admitted. The latest batch of advice papers also warned food producers that pre-packaged products “would no longer be valid for the EU market”, without a separate EU business address. Ministers also told motorists that they would need to apply for a green card as proof of third party motor insurance cover when driving in the EU. And pet owners who want to take their dogs and cats abroad would face the significant inconvenience of having to register three months in advance.

Meanwhile, UK hauliers were warned they could be banned from the continent, because they could “no longer rely on automatic recognition by the EU of UK-issued community licences”. The Food and Drink Federation reacted with horror to the technical notices, warning they “lay bare the grisly prospect of a no-deal Brexit”. It urged Theresa May to stop “lecturing the EU” and seek to delay Brexit, by extending the Article 50 deadline, if it could not secure a withdrawal deal “imminently”. Layla Moran, a Liberal Democrat supporter of the anti-Brexit Best for Britain, said the threat to flights was “a bureaucratic nightmare and a farce”.

Read more …

They’ve had two years to have unity on this. They’re as bad as the other side.

Labour Confirms Remain Can Be Party’s Choice In New Brexit Referendum (Ind.)

Labour is embroiled in a row over the party’s approach to a Final Say Brexit referendum, following a split between two of the shadow cabinet’s most senior figures. Sir Keir Starmer, the party’s Brexit spokesman, was forced to confirm that remaining in the EU will be a potential option in a future referendum backed by Labour after John McDonnell, the shadow chancellor, ruled the idea out. Amid a backlash Mr McDonnell rowed back on his comments, and later conceded at a meeting at the party’s conference in Liverpool that Labour could still back a new vote that would see the party stay in the EU.

It comes as Sir Keir will tell Labour conference on Tuesday that the party is set to oppose the deal Theresa May brings back from Brussels, having determined that it cannot meet his “six tests”. Another shadow cabinet minister, Barry Gardiner, also broke ranks to say that the idea the party will be able to secure a general election if Ms May’s plans fall apart was “looney tunes territory”. If the prime minister’s Brexit plans are rejected by parliament, and no election is forthcoming, then Labour’s new policy – arduously negotiated by Mr Starmer this week and to be approved on Tuesday – would see the party committed to a new Brexit referendum.

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If you want to Make America Great Again, start with its natural world. It would be a lot less great without grizzlies and eagles and all the other riches.

US Judge Orders Federal Protection Restored To Yellowstone Grizzlies (R.)

A federal judge on Monday ordered Endangered Species Act protections restored to grizzlies in and around Yellowstone National Park, halting plans for the first licensed trophy hunts of the bears in the region in more than 40 years. U.S. District Judge Dana Christensen in Missoula, Montana, sided with environmentalists and native American groups by overruling the U.S. Fish and Wildlife Service decision to strip the grizzlies of their status as a threatened species. The outcome caps one of the most high-profile legal battles over the Endangered Species Act in many years, rivaling previous disputes surrounding the gray wolf and northern spotted owl. The ruling came as the Trump administration is seeking to rewrite Endangered Species Act regulations that scientists say would erode wildlife protection for the benefit of commercial interests.

The Trump administration’s decision in June of last year to “de-list” the grizzly, formally proposed in 2016 during the Obama era, was based on agency findings that the bears’ numbers had rebounded enough in recent decades that federal safeguards were no longer necessary. The de-listing, welcomed by big-game hunters and cattlemen, had applied to about 700 Yellowstone-area grizzlies in Wyoming, Idaho and Montana. Environmentalists countered that treating those bears separately from other grizzly populations in Montana and elsewhere in the Lower 48 states was biologically unsound and illegal under the Endangered Species Act, and the judge agreed.

Grizzlies, which are slow to reproduce, number fewer than 2,000 bears across the Lower 48. That is far below an historic high of 100,000 before widespread shooting, poisoning and trapping reduced the bears’ population to just several hundred by 1975, when they were placed under federal protection.


REUTERS/Jim Urquhart/File Photo

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We’re waiting for the first hundreds of people to drown because no ships are left to save them and no ports open.

Aquarius Cannot Disembark Migrants In Marseille – French Minister (G.)

France is not ready to allow the Mediterranean rescue ship Aquarius to dock and disembark dozens of migrants at the port of Marseille, France’s finance minister has said. “For the moment it’s ‘no’,” Bruno Le Maire said when asked during an interview on BFM news TV channel if Paris was ready to respond positively to a request from charities for permission to dock with 58 people onboard in the southern French port. Under European rules, ships were supposed to get docking access at the nearest port, said Le Maire, adding that Marseille was not the nearest port.

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Just ban the stuff alright.

Monsanto’s Glyphosate Weedkiller Harms Honeybees, Research Finds (G.)

The world’s most used weedkiller damages the beneficial bacteria in the guts of honeybees and makes them more prone to deadly infections, new research has found. Previous studies have shown that pesticides such as neonicotinoids cause harm to bees, whose pollination is vital to about three-quarters of all food crops. Glyphosate, manufactured by Monsanto, targets an enzyme only found in plants and bacteria. However, the new study shows that glyphosate damages the microbiota that honeybees need to grow and to fight off pathogens. The findings show glyphosate, the most used agricultural chemical ever, may be contributing to the global decline in bees, along with the loss of habitat.

“We demonstrated that the abundances of dominant gut microbiota species are decreased in bees exposed to glyphosate at concentrations documented in the environment,” said Erick Motta and colleagues from University of Texas at Austin in their new paper. They found that young worker bees exposed to glyphosate exposure died more often when later exposed to a common bacterium. Other research, from China and published in July, showed that honeybee larvae grew more slowly and died more often when exposed to glyphosate. An earlier study, in 2015, showed the exposure of adult bees to the herbicide at levels found in fields “impairs the cognitive capacities needed for a successful return to the hive”.

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A small win.

Glyphosate Industry Fails to Stop US Funding for Global Cancer Agency (SP)

In a massive victory for independent science, it was announced Sunday that the U.S. Senate and Congress appropriations committees have deleted text from a controversial Bill, which would have cut all the U.S. funding to the International Agency for Research on Cancer (IARC), after they challenged the chemical industry by classifying the world’s most used herbicide, glyphosate, as a probable human carcinogen in 2015. The ‘IARC rider’ text on page 110 (sec.229) of the draft Labor Health and Human Services FY19 Appropriations Bill was removed after negotiations. Currently, 25 Nations contribute to IARC’s total budget of about USD $50 million (about EUR 44 million), with 7.5% (USD $3.8 million) coming from the U.S..

Following IARC’s classification of glyphosate as a probable human carcinogen in 2015, Monsanto and the American Chemistry Council launched a full-throttle attack on the international scientific body. IARC is an arm of the World Health Organization and funded by 24 governments, and predominantly by the NIH National Cancer Institute. [..] Enter glyphosate. Glyphosate is the active ingredient in Monsanto’s best-selling weedkiller, Roundup, and is used on the majority of commodity crops in the United States because it is effective at controlling a variety of weed types. Any change in the safety determination of this chemical would shake up the messaging that the company has used for years.

Read more …

Sep 082018
 
 September 8, 2018  Posted by at 9:42 am Finance Tagged with: , , , , , , , , , , ,  


Vincent van Gogh Rispal Restaurant at Asnieres 1887

 

Obama Claims Ownership Of US Economic Recovery (MW)
Trump Has Set Economic Growth On Fire. Here Is How He Did It (CNBC)
May Urged To Ignore ‘Three Stooges’ In Brexit Negotiations (G.)
Cohen Seeks To Vacate Hush-Money Deal With Stormy Daniels (Hill)
Papadopoulos Sentenced To 14 Days In Prison For Lying To FBI (ES)
Secret Grand Jury Proceedings Underway Against Andrew McCabe (ZH)
Apple Bans Alex Jones App For ‘Objectionable Content’ (R.)
Erdogan Legacy Construction Projects Stall In Turkish Financial Crisis (Ind.)
Slouching Toward Okeefenoke (Kunstler)
Russia Asks Britain For Help In Identifying Novichok Suspects (G.)
Nike Online Sales Jump 31% After Company Unveiled Kaepernick Campaign (MW)

 

 

I’d say be careful what you claim ownership of. Because you break it, you own it

Obama Claims Ownership Of US Economic Recovery (MW)

Former President Barack Obama on Friday used a speech at the University of Illinois to sharply criticize his successor as well as claim ownership of the U.S. economic recovery. Speaking in Urbana, Ill., where he received an award for ethics in government, Obama recalled that the U.S. economy was losing 800,000 jobs a month when he entered office. “We worked hard to end that crisis but also break some of these longer-term trends,” said Obama, who is planning a series of campaign trips ahead of the midterm elections in November. “By the time I left office, household income was near its all-time high, and the uninsured rate had hit an all-time low and wages were rising,” he said. “I mention all this so when you hear how great the economy is doing right now, let’s just remember when this recovery started.

“I’m glad it’s continued, but when you hear about this economic miracle that’s been going on … I have to kind of remind them, actually those job numbers are kind of the same as they were in 2015 and 2016.” On that, Obama is correct. U.S. job growth averaged 226,000 per month in 2015, 195,000 in 2016, 182,000 in 2017 and, so far this year, 207,000. Data also show a pickup in business and consumer confidence after Trump’s election. The U.S. is on track to grow more than 3% in 2018, a rate of economic expansion not recorded over the course of a full calendar year since the second term of the George W. Bush administration. At a North Dakota event, Trump responded. “Obama was trying to take credit for this incredible thing that’s happening,” Trump said.

“I have to say this to President Obama – if the Dems got in with their agenda in November of almost 2 years ago, instead of having 4.2 up, I believe honestly we’d have 4.2 down,” he said, referring to GDP growth of 4.2% in the second quarter. Obama meanwhile had a broader attack on Trump than just the economy. Mentioning Trump by name, Obama said political division is more manufactured than real. “Sometimes the backlash comes from people who are genuinely, if wrongly, fearful of change. More often it’s manufactured by the powerful and privileged who want to keep us divided and keep us angry and keep up cynical because it helps them maintain the status quo and keep their power and keep their privilege,” he said. “And you happen to be coming of age during one of those moments. It did not start with Donald Trump. He is a symptom, not the cause,” Obama said to applause.

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And these ownership claims are easy to argue.

Trump Has Set Economic Growth On Fire. Here Is How He Did It (CNBC)

President Donald Trump is more than 19 months into an administration engulfed in so much controversy that it may overshadow a tremendous achievement, namely an economic boom uniquely his. During his time in office, the economy has achieved feats most experts thought impossible. GDP is growing at a 3 percent-plus rate. The unemployment rate is near a 50-year low. Meanwhile, the stock market has jumped 27 percent amid a surge in corporate profits. Friday brought another round of good news: Nonfarm payrolls rose by a better-than-expected 201,000 and wages, the last missing piece of the economic recovery, increased by 2.9 percent year over year to the highest level since April 2009.

That made it the best gain since the recession ended in June 2009. His critics, a group that includes a legion of Wall Street economists, most Democrats and even some in his own Republican Party, don’t believe it will last. They figure the current boom will begin petering out as soon as mid-2019 and possibly end in recession in 2020. But even they acknowledge that the current numbers are a uniquely Trumpian achievement and not owed to policies already set in motion when he took office. “I still believe the big story this year is an economic boom that most folks thought impossible,” Larry Kudlow, director of the National Economic Council and a chief advisor to Trump, said in a recent interview with CNBC.com. “I understand that he’s been in for a year and a half, but when you look at those numbers, this is not going away.”

Indeed, the economy does seem to be on fire, and it’s fairly easy to draw a straight line from Trump’s policies to the current trends. Business confidence is soaring, in part thanks to a softer regulatory environment. Consumer sentiment by one measure is at its highest level in 18 years. Corporate profits, owed in good part to last year’s tax cuts, are coming close to setting records.

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May will have to bend a lot.

May Urged To Ignore ‘Three Stooges’ In Brexit Negotiations (G.)

An EU commissioner has likened Boris Johnson, Jacob Rees-Mogg and Nigel Farage to the “Three Stooges” and issued a stern warning to Theresa May that there would be no Brexit deal next March if she insisted on sticking to her Chequers proposal. In a speech in Ireland on Friday, Phil Hogan said the EU would fight to the end to preserve the union of nations that has stood for the past 60 years. He said Brussels would not allow the bloc to be damaged just to save the UK “from its own silliness” and reiterated the EU position that the four freedoms forming the bedrock of the union were not negotiable. He said the only room for a special deal on deviating from the four freedoms would be in relation to Northern Ireland.

“The EU’s first offer, reflexively rejected, was a significant departure from our internal market policy. And it was meant for Northern Ireland only. It was that Northern Ireland could remain in the single market with the EU27,” he said. Instead of accepting that offer, the UK’s reply, he said, was “‘Let’s restrict the single market to goods and generalise it for the whole UK.’ The EU’s answer has already been given: no. “If the UK attitude is Chequers and only Chequers, there will be no agreement before March next year on the future trade relationship,” he said. He said that if May could not progress the UK’s position then the EU’s offer on a future trade deal would be the one it put forward months ago, “essentially a Canada-type trade arrangement”. He added: “There is nothing new in this. Each time she is asked about her red lines, the prime minister repeats them, making a Canada-type trade deal more likely.

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Curious development. Trying to make it look like it never happened?

Cohen Seeks To Vacate Hush-Money Deal With Stormy Daniels (Hill)

Michael Cohen’s shell company has reportedly moved to vacate a 2016 nondisclosure agreement with adult-film star Stormy Daniels, requesting that she return the $130,000 she received as part of the deal. Cohen’s lawyer Brent Blakely said Friday that California law requires Daniels to return the money that Cohen paid her in 2016 to stay quiet about her alleged affair with President Trump in 2006, CNN reports. “Today, Essential Consultants LLC and Michael Cohen have effectively put an end to the lawsuits filed against them by Stephanie Clifford aka Stormy Daniels,” Blakely told CNN.

“The rescission of the Confidential Settlement Agreement will result in Ms. Clifford returning to Essential Consultants the $130,000 she received in consideration, as required by California law,” he added. A source familiar with Cohen’s thinking told the network that Cohen no longer benefits from Daniels’s promise to keep quiet about the affair. The existence of the deal, and Daniels’s alleged affair, were reported by The Wall Street Journal originally in January, while Daniels has been outspoken about her allegations since then. Michael Avenatti, the attorney representing Daniels in her defamation case against Cohen and Trump over their denials of the alleged affair, told CNN that the move was likely made in an attempt to protect Trump from being deposed.

“I haven’t had a chance to digest it, I just saw it on my email literally right before I came on,” Avenatti told CNN. “What they’re trying to do is they don’t want me to get a chance to depose Michael Cohen and Donald Trump,” he added. “This is a hail mary to try and avoid that, that’s my first guess.” Avenatti added in a tweet Friday night that Cohen “is back to playing games and trying to protect Donald Trump.” “He is now pulling a legal stunt to try and ‘fix it’ so that we can’t depose Trump and present evidence to the American people about what happened. He is not a hero nor a patriot. He deserves what he gets,” the attorney added.

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If Mueller et al had a sense of decency, they’d have let him go on “Time Served”. All they’ve proven is that Papadopoulos is indeed a nobody. BTW, rumor has it that Joseph Mifsud is dead.

Papadopoulos Sentenced To 14 Days In Prison For Lying To FBI (ES)

President Trump’s former campaign adviser George Papadopoulos has been sentenced to 14 days in prison for lying to the FBI. He is the first former campaign aide to be sentenced in special counsel Robert Mueller’s Russian investigation. In October 2017, he pled guilty to one count of lying to FBI agents about the nature of his interactions with “foreign nationals” who he thought had close connections to senior government officials. Mr Papadopoulos was a member of the campaign’s foreign policy team, but Trump aides have said he played a limited role in the campaign and had no access to the candidate.

Court papers revealed that Mr Papadopoulos was told about the Russians possessing “dirt” on Democrat Hillary Clinton in the form of “thousands of emails” on April 26 2016, well before it became public that the Democratic National Committee and Clinton campaign chairman John Podesta’s emails had been hacked. The interactions at the centre of the case included speaking with Russian intermediaries who were attempting to line up a meeting between Mr Trump and Russian President Vladimir Putin and offering “dirt” on Mrs Clinton. During the trial, Mr Papadopoulos apologised for his actions, telling a judge that he had made a “dreadful mistake” and was eager for redemption.

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See, Papadopoulos gets jailed for lying to the FBI (about nothing). Now, former FBI Deputy Director Andrew McCabe lied 4x, twide under oath, about leaking FBI info to the press. Which is worse? And if this concerns the FBI so much, how come Mueller, ex-FBI head, conducts the investigation?

Secret Grand Jury Proceedings Underway Against Andrew McCabe (ZH)

Federal prosecutors have been using a grand jury over the last several months to investigate former FBI Deputy Director Andrew McCabe, reports the Washington Post, citing two people familiar with the matter. What’s more, the grand jury has summoned at least two witnesses, and the case is ongoing according to WaPo’s sources. “The presence of the grand jury shows prosecutors are treating the matter seriously, locking in the accounts of witnesses who might later have to testify at a trial. But such panels are sometimes used only as investigative tools, and it remains unclear if McCabe will ultimately be charged.” -Washington Post

McCabe was fired on March 16 after Justice Department Inspector General Michael Horowitz issued a criminal referral following a months-long probe, which found that McCabe lied four times, including twice under oath, about authorizing a self-serving leak to the press. Horowitz found that McCabe “had made an unauthorized disclosure to the news media and lacked candor – including under oath – on multiple occasions.” Specifically, McCabe was fired for lying about authorizing an F.B.I. spokesman and attorney to tell Devlin Barrett of the Wall St. Journal – just days before the 2016 election, that the FBI had not put the brakes on a separate investigation into the Clinton Foundation, at a time in which McCabe was coming under fire for his wife taking a $467,500 campaign contribution from Clinton proxy pal, Terry McAuliffe.

In order to deal with his legal woes, McCabe set up a GoFundMe “legal defense fund” which stopped accepting donations, after support for the fired bureaucrat took in over half a million dollars – roughly $100,000 more than his wife’s campaign took from McAuliffe as McCabe’s office was investigating Clinton and her infamous charities.

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Let’s go through all the apps. And through all Twitter accounts. I understand Hamas and Ahmadinejad still operate.

Apple Bans Alex Jones App For ‘Objectionable Content’ (R.)

Apple said on Friday that it had banned from its App Store the Infowars app belonging to popular U.S. conspiracy theorist Alex Jones after finding that it had violated the company’s rules against “objectionable content”. The move makes Apple the latest tech company or social media platform to take action against Jones, a deeply controversial right-wing radio talk-show host who has suggested that the 2012 Sandy Hook massacre was a hoax, among other sensational claims. Apple said the guidelines Jones violated bar “defamatory, discriminatory, or mean-spirited content, including references or commentary about religion, race, sexual orientation, gender, national/ethnic origin, or other targeted groups, particularly if the app is likely to humiliate, intimidate, or place a targeted individual or group in harm’s way.”

Representatives for Jones could not immediately be reached for comment by Reuters on Friday evening. On Thursday, Twitter Inc permanently banned Jones and his website from its platform and Periscope, saying in a tweet that the accounts had violated its behavior policies. In a video posted on the Infowars website on Thursday, Jones said in response: “I was taken down not because we lied but because we tell the truth and because we were popular.” Last month, Twitter banned Jones and Infowars for seven days, citing tweets that it said violated the company’s rules against abusive behavior, which state that a user may not engage in targeted harassment of someone or incite other people to do so.

Apple said at the time that the Infowars app remained in its store because it had not been found to be in violation of any content policies, although it had removed access to some podcasts by Jones. The podcasts differ from the Infowars app by allowing access to an extensive list of previous episodes, subjecting all of those past episodes to Apple’s content rules.

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Oh well, just blame America.

Erdogan Legacy Construction Projects Stall In Turkish Financial Crisis (Ind.)

Turkey’s financial meltdown has brought the country’s years-long construction boom screeching to a halt, with even some of President Recep Tayyip Erdogan’s favourite projects being suspended or scaled back amid a cash crunch and debt woes. In recent weeks, worried murmurs about stalled projects among developers and ordinary Turks about dormant construction sites and half-finished buildings left untouched for months have reached a crescendo. This week local news outlets reported that a key transport project in Istanbul, the Kabatas ferry terminal connecting the city’s European and Asian sides of Turkey’s commercial capital, would be scaled back.

Across the country, experts say construction sites have gone dormant, projects suspended or delayed. The construction cranes remain in place, but the work has stopped. “The huge companies that do fancy infrastructure projects – they don’t have any money,” said one developer who is well-connected to official circles. “The government has a spending freeze. They’re going to reconsider all the projects and reprioritise.” Mr Erdogan, a former mayor of Istanbul, built his reputation and electoral popularity on undertaking gigantic public works projects like mosques, airports, and bridges, as well as facilitating big private sector projects that included showy housing complexes, glittery office towers, and shopping malls packed with Turkish and international retail brands.

But the miracle was built on cheap credit from abroad, which has now dried up in a climate of rising US interest rates and doubts about Turkey’s economic health. And financial experts, developers, and bankers say many of Turkey’s projects – including the 45km Istanbul canal connecting the Black Sea to the Sea of Marmara that even Mr Erdogan himself called “crazy” – are now in doubt. “The Istanbul Canal is almost impossible,” said Atilla Yesilada, an economist and consultant. “Because no one wants to lend to Turkey now.”

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A caravan of grand jury’s.

Slouching Toward Okeefenoke (Kunstler)

There is now a clear evidence trail about eight-lanes wide detailing Russian collusion of the Democratic Party, the Hillary Campaign, the FBI / DOJ, plus a caravan of Robert Mueller aides, adjuncts, colleagues and former trainees. They are all mixed up with a cavalcade of events weaving through more than one Clinton investigation (and its damage control operations), and they need to appear before grand juries too. Many, I suspect are criminally culpable and will end up in the slammer. Perhaps even ole Horse-face himself, grave and aseptic as he may seem.

I’ve caught two of Trump’s rallies the past week or so. His freestyling babble at the podium makes me wish I could wave a magic wand and just make him vanish in a cloud of orange vapor, or perhaps turn him into Richard Nixon. (Doesn’t all this make you nostalgic for ole Nixie?) He can’t shut up about the economic miracles that he has wrought with his mighty “stable genius” brain. Perhaps he has not noticed that the money system is crumbling all around the world at the margins. If he does not understand that this rot eventually must reach the center, then he has washed down too many cheeseburgers with his own Kool Aid.

Having taken ownership of all this lock, stock, and barrel, then he is perfectly situated to be blamed when the honey-wagon of algo trading robots turns south and whatever remains of the world’s hot money, including the US dollar, goes up in smoke. If it coincides even bluntly with the mid-term election, then we will find ourselves living through Civil War Two.

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2 Russian secret agents who make sure they get photographed by 5-6 different camera’s. Yeah.

Russia Asks Britain For Help In Identifying Novichok Suspects (G.)

Moscow has claimed it wants to ascertain as soon as possible the identities of the two men named by Britain as suspects in the nerve agent attack on a former Russian spy in Salisbury, and has asked London to help. “We need to establish who these people are, if these are [Russian] citizens or not,” said Maria Zakharova, the foreign ministry spokeswoman on Friday. “We want to do this with maximum haste and effectiveness, and so we are again appealing to Britain for help in ascertaining the identities of these people.” Britain announced charges in absentia on Wednesday against two men believed to be officers with Russia’s military intelligence service, known as the GRU.

Theresa May said the men flew into Britain in March to try to murder Sergei Skripal, a former GRU officer who sold secrets to MI6, and accused the Russian government of orchestrating the operation. Scotland Yard said the alleged secret agents travelled to Britain under the names of Alexander Petrov and Ruslan Boshirov, which were probably aliases. The Kremlin has described the allegations as unacceptable and denies that any Russian officials were involved. Zakharova also accused May of a “frank lie” over her claims that Russia had not offered Britain information after the nerve agent attack, and suggested that May had “selective access” to Russian media reports. Dmitry Peskov, a spokesman for Vladimir Putin, said on Thursday that Russia would not investigate the two suspects because it had not received a formal request for legal assistance from Britain.

Zakharova’s comments came as a purported ex-GRU officer claimed the attempted murder was too amateurish to have been the work of professional secret service agents. If GRU agents had wanted to target Skripal, they would have done it “quietly, without fuss, and brought him [to Russia] in a mail bag, and no one would have known where he had gone,” Ivan Tarasov told Russia’s Komsomolskaya Pravda newspaper. Tarasov also claimed the Skripals could have been targeted by a Russian crime gang, possibly over unpaid debts, and mocked reports that the suspects stayed in the same room in a cheap hotel near Salisbury. “That’s how bandits act, not professional secret service officers. GRU officers don’t stay in London hotels,” he said.

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I don’t care about Nike. But I do care about Kaepernick. See, if there’s one thing wrong here that proves him right, it’s that only black people come out in support of him. Where are his white colleagues, white athletes in general? Why only Tiger, Serena and LeBron?

The world he’s protesting is the one that is killing black kids. His protest started under the first black US president. So did Black Lives matter. So where is Obama on the issue? Why doesn’t he stand with Kaepernick?

Nike Online Sales Jump 31% After Company Unveiled Kaepernick Campaign (MW)

Talk of Nike Inc. sales taking a hit from the company’s decision to put ex–NFL player Colin Kaepernick at the center of its latest “Just Do It” campaign is looking overblown, based on data from a Silicon Valley digital commerce research company. After an initial dip immediately after the news broke, Nike’s online sales actually grew 31% from the Sunday of Labor Day weekend through Tuesday, as compared with a 17% gain recorded for the same period of 2017, according to San Francisco–based Edison Trends. “There was speculation that the Nike/Kaepernick campaign would lead to a drop in sales, but our data over the last week does not support that theory,” said Hetal Pandya, co-founder of Edison Trends.

Nike’s stock has also held up after its initial slump. The stock was up 1% on Friday and remains in the black for the month. It has gained 29% in 2018, while the Dow Jones Industrial Average DJIA, which since 2013 has counted Nike as a member, has gained 5%, as the S&P 500 index has risen about 8%. The news generated plenty of online buzz, with social engagement around Nike and Kaepernick rising sharply this week, according to 4C Insights, a marketing technology company. Mentions of and comments about Nike on social-media platforms rose 1,678% on Sunday and Monday, according to 4C data. Mentions of Kaepernick spiked 362,280%, the data showed.

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