Feb 032020
 


Harris&Ewing “Slaves reunion DC. Lewis Martin, age 100; Martha Elizabeth Banks, age 104; Amy Ware, age 103; Rev. Simon P. Drew, born free.” c1916

 

China Censors Top Media Outlet That Says It Underreports Cases, Deaths (ZH)
Virus Worries Wipe $420 Billion Off China’s Stock Market (R.)
Chinese Shares Drop 9% (G.)
China’s Sinopec Cuts Feb Daily Refinery Output By 12% As Virus Hits (R.)
Huawei, Chinese Chip Makers Keep Factories Humming Despite Coronavirus (R.)
China’s Reaction To The Coronavirus Outbreak Violates Human Rights (G.)
The Democrats’ New Online Troll Fighters Make 2020 Debut In Iowa (CNN)
Democrats Need to Break Their Cold War–Addled Impeachment Fever (Maté)
The Real John Bolton (CP)
Punxsutawney Phil Predicts Early Spring (Slate)

 

As the US and China accuse each other of, respectively, not accepting help and not offering it, numbers continue to rise. Just like doubts about the accuracy of the official numbers from Beijing do. Here are the official numbers:

• 17,480 cases (+2930 from yesterday’s 14,550)

• 362 deaths (+57 from yesterday’s 305)

• 11 U.S. confirmed infected

 

 

Also, the Lancet paper I’ve been citing a lot lately by Gabriel Leung and his team says “We estimated that if there was no reduction in transmissibility, the Wuhan epidemic would peak around April, 2020, and local epidemics across cities in mainland China would lag by 1–2 weeks.”

That would mean another 3 months. Mobility is a factor, mind you, as the graph shows, though a minor one. But imagine the Chinese economy being on lockdown for another 3 months. Where will OPEC sell their oil? Where will WalMart buy its supply? What will happen to the Chinese confined to their homes and/or cities? Will there be a global economy left?

 


Epidemic forecasts for Wuhan and five other Chinese cities under different scenarios of reduction in transmissibility and inter-city mobility

 

 

 

This is why I wrote yesterday’s The Party and the Virus. Question is when will the rest of the world increase pressure on China for real numbers? Will that first take multiple deaths in Europe or the US?

China Censors Top Media Outlet That Says It Underreports Cases, Deaths (ZH)

Let’s be honest, do you think China is reporting the actual coronavirus cases and deaths? After all, Beijing has been the master of falsifying its economic growth figures for years, what makes you think they’ll change in the reporting of the deadly virus outbreak? Balaji S. Srinivasan, angel investor and entrepreneur, also former CTO of Coinbase, tweeted Saturday that a top news organization in China, Caijing, had one of their articles banned by Beijing after it noted Chinese officials were significantly underreporting coronavirus confirmed cases and deaths, especially among the elderly. Srinivasan said, “If half the claims in this article are true, #nCoV2019 seems to have completely overloaded Wuhan’s healthcare system. It appears particularly deadly for the elderly. But this 45-year-old had to be anesthetized and intubated in order to breathe.”

“In the past two days, he had seen a 45-year-old patient, a family of five, his parents had died of the new coronavirus pneumonia, and his son was infected. The patient’s condition was very serious. She used high-flow oxygen inhalation and non-invasive mask ventilation, but her blood oxygen saturation was only 50%. Finally, she had to be anesthetized and intubated with ECMO. “Before intubation and anesthesia, she watched us prepare, tears kept flowing down, and that fear made people feel very distressed,” said Shen Jun. There are still many cases like this, “Our doctors have made a decision Determined to do everything possible to treat all patients,” Caijing wrote.

Srinivasan points out that the Chinese newspaper found hospitals in Wuhan and elsewhere were intentionally recording coronavirus deaths as “general pneumonia” to keep the death count low. The article also notes test kits for the virus were in low supply, which allowed those who were infected, to continue their daily lives during a 7-10-day incubation period, enabling the virus to spread even more. The healthcare system was so overloaded in Wuhan, which forced hospital officials to send the dying home; hospitals didn’t have enough beds to house the sick. “Caijing understands that at least five suspected deaths at the hospital have not been diagnosed, so it does not count towards the confirmed deaths. This means that the number of confirmed and fatal cases that people can see at present does not fully reflect the full picture of the epidemic,” the article noted.

And then there’s this, from SixthTone’s David Paulk: “The 8 people detained in Wuhan for “spreading rumors” — who we wrote about in a Jan. 2 article that was censored — were doctors trying to raise the alarm about a new SARS-like virus.” We leave the last word to Zeng Guang, the chief scientist of epidemiology at China’s CDC, who, on Jan. 29 made a rare candid admission about why Chinese officials cannot tell people the truth in an interview with the state-run tabloid Global Times: “The officials need to think about the political angle and social stability in order to keep their positions,” which is all one needs to know about any “facts” coming out of China.

Read more …

“More than 2,500 stocks fell by the daily limit of 10%.”

Virus Worries Wipe $420 Billion Off China’s Stock Market (R.)

Investors erased $420 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year. The market slide came even as the central bank poured cash in to the financial system – a show of support for the economy -and despite apparent regulatory moves to curb selling. The total number of deaths in China from the coronavirus rose to 361 as of Sunday. It had stood at 17 when Chinese markets last traded on Jan. 23. By lunchtime, the benchmark Shanghai Composite index sat 8% lower near an almost one-year trough and poised to post its worst day in more than four years.


The yuan opened at its weakest level in 2020 and slid almost 1.2%, past the symbolic 7-per-dollar level CNY=, as the falls soured the mood in markets throughout Asia. Shanghai-traded oil, iron ore, copper and soft commodities contracts all posted sharp drops, catching up with sliding global prices. The new virus has created alarm because it is spreading quickly, much about it is unknown, and authorities’ drastic response is likely to drag on economic growth. “This will last for some time,” said Iris Pang, Greater China economist at ING. “It’s uncertain whether factory workers, or how many of them, will return to their factories,” she said. “We haven’t yet seen corporate earnings since the (spread of the) coronavirus. Restaurants and retailers may have very little sales.” More than 2,500 stocks fell by the daily limit of 10%.

Read more …

Fluid, but 9% seems right.

Chinese Shares Drop 9% (G.)

Stock markets in China have seen the biggest daily fall for five years as traders rushed to sell amid continued fears about the impact on the global economy of the coronavirus epidemic. The benchmark Shanghai composite index fell 8.7% on Monday on a wave of negative sentiment that has built up for 10 days during the long market shutdown for the lunar new year. The Shenzhen composite was off 9.1% and dangerously close to the daily maximum permitted fall of 10% after which trading is suspended. The yuan fell through the seven-to-the-US-dollar mark for the first time since December. The losses were the worst on the Chinese markets since 2015 although they pared back slightly later in the day to 7.7%. [..]

Chinese authorities have reeled off a series of measures to tackle the market panic. On Sunday they announced they flood the financial system with 1.2 trillion yuan (US$170bn) in extra liquidity, a measure designed to buy up securities from investors seeking to sell. On Monday the People’s Bank of China – the country’s central bank – lowered the interest rate it charges banks for short-term funding upon which many banks rely to remain trading. Capital Economics said that while the move might take some pressure off the banks the rate cut was not enough to offset the drag on economic activity from the coronavirus outbreak and that more rate cuts were therefore on the way.

The growing fears about the Chinese economy also prompted the finance ministry to subsidies on interest payments for some companies hit by the coronavirus outbreak, state-run newspaper Guangming Daily said. [..] Many economists are predicting that the coronavirus will have a significant impact on the Chinese economy. Many businesses have been shut as part of the lockdown to contain the virus while most overseas airlines have suspended flights to the country and Chinese people are now banned from travelling overseas. Goldman Sachs has forecast that the virus could knock Chinese growth down to 5.5% for the year, from 6.1% in 2019, with knockon effects for the rest of the world economy. Economists at Citigroup said the steps taken by Chinese authorities were “unlikely” to be enough to prevent a sharp downturn in the first quarter.

Read more …

Bloomberg claims Chinese oil demand is down 20%.

China’s Sinopec Cuts Feb Daily Refinery Output By 12% As Virus Hits (R.)

China’s Sinopec Corp, Asia’s largest refiner, is cutting throughput this month by around 600,000 barrels per day (bpd) as the rapidly spreading coronavirus hits fuel demand, four people with knowledge of the matter said on Monday. The cut is equivalent to roughly 12% of the state refiner’s average daily throughput last year. Sinopec asked refineries last Friday to cut production and gave plants different reduction targets based on local fuel demand and logistics, the sources told Reuters. They declined to be named as they are not authorized to speak to media. Sinopec is closely monitoring the changing market situations and stands ready to ensure supplies, the refiner said in an email to Reuters.


“Company is closely monitoring the changing market situations, and will optimize operation rates and product mix based on market demand,” the company said, without commenting directly on the throughput cut rates. The four sources estimated cuts of about 2.5 million tonnes in total, equal to about 600,000 bpd on average, for February. One plant in eastern Jiangsu province is lowering runs by 10%, while a plant in Tianjin, near Beijing, is cutting throughput by 20%, two people with direct knowledge of the plants’ operations said. A plant manager with a central-China based Sinopec refinery said his plant has since Friday lowered processing rates to 60% of capacity. He said his plant was operating at near full rates before the cut.

Read more …

Total lockdown, except for…

Huawei, Chinese Chip Makers Keep Factories Humming Despite Coronavirus (R.)

Some Chinese technology firms are continuing to manufacture parts and products despite government calls across various cities and provinces for work to be halted as Being seeks to stop the spread of the coronavirus ravaging the country. Chinese telecom giant Huawei said on Monday it had resumed production of goods including consumer devices and carrier equipment, and operations are running normally. The company restarted manufacturing in line with a special exemption that allows certain critical industries to remain in operation, despite Beijing’s call to halt all work in some cities and provinces. The spokesman said most of the production was in Dongguan, a city in the southern Guangdong province.


Other companies have also kept production running, in some cases even through Chinese New Year, in a sign of the critical importance Beijing places on its domestic tech supply chain, a subject of friction with the United States Yangtze Memory Technologies, a state-backed maker of flash memory chips based in Wuhan – the city where the virus outbreak originated – confirmed on Monday that it has not yet ceased production. “At present, production and operations at YMTC are proceeding normally and in an orderly manner,” a company spokesman wrote in a statement on Monday. The spokesman added that no factory employees have been confirmed as infection cases, and that the company has enacted certain isolation measures and partitions to ensure the safety of employees. State media reported that the chip maker did not cease operations over the Lunar New Year holiday.

Read more …

Are we going to argue that keeping borders open does not violate human rights?

China’s Reaction To The Coronavirus Outbreak Violates Human Rights (G.)

When the World Health Organization declared the 2019nCoV coronavirus outbreak a global health emergency, it effusively praised China’s response to the outbreak. The WHO issued a statement welcoming the government’s “commitment to transparency”, and the WHO director general, Dr Tedros Adhanom Ghebreyesus, tweeted: “China is actually setting a new standard for outbreak response.” The WHO is ignoring Chinese government suppression of human rights regarding the outbreak, including severe restrictions on freedom of expression. In turn, Chinese state media are citing the WHO to defend its policies and try to silence criticism of its response to the outbreak, which has included rights violations that could make the situation worse.

China’s response to the outbreak included a month-long government cover-up in Wuhan, the centre of the outbreak, that led to the rapid spread of the coronavirus. Local authorities publicly announced that no new cases had been detected between 3-16 January in the lead up to a major Communist party meeting, likely to suppress “bad news”. Despite early evidence of human-to-human transmission when medical staff became infected, this information was not relayed to the public for weeks. Hardly a “commitment to transparency”. Chinese police punished frontline doctors for “spreading rumours” for trying to warn the public in late December. Police are still engaged in a campaign to detain Chinese netizens for spreading so-called “rumours”.

Rumours included reports of potential cases, including people turned away from hospitals or dying without ever being tested and quickly cremated, criticism of the government, the distribution of masks, or the criticism of the discrimination of people from Wuhan or others who may be infected. Activists have been threatened with jail if they share foreign news articles or post on social media about the coronavirus outbreak. That the Chinese government can lock millions of people into cities with almost no advance notice should not be considered anything other than terrifying. The residents of Wuhan had no time to buy food, medicine, or other essentials. Authorities hastily announced the lockdown in the middle of the night with an eight-hour gap before it went into effect, giving people time to flee and thus raising questions on the rationale for such extreme measures.

[..] The international community should support all efforts to end this outbreak, but human rights should not be a casualty to the coronavirus crisis. The WHO declares that core principles of human rights and health includes accountability, equality and non-discrimination and participation. It even acknowledges that “participation is important to accountability as it provides … checks and balances which do not allow unitary leadership to exercise power in an arbitrary manner”. The WHO’s admiration for the unitary actions of the Chinese dictator Xi Jinping exercising power in an arbitrary manner is a direct contradiction of its own human rights principles.

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DNC and CNN are even regurgitating Mueller.

Twitter comment: “Brace yourself, the DNC is launching its troll army (branded as “troll fighters”) headed by a former Hillary staffer to counter “disinformation”. If you use the word “rigged”, they will come after you. Get ready to be called a Russian all over again.”

The Democrats’ New Online Troll Fighters Make 2020 Debut In Iowa (CNN)

Days after the 2016 Iowa caucuses, the instructions were clear. “[U]se any opportunity to criticize Hillary and the rest (except Sanders and Trump — we support them),” they read. The guidance had been circulated among a group of Russians who were covertly running a vast network of social media accounts seeking to divide Democrats and push the candidacy of Donald Trump. (The instructions were later found during special counsel Robert Mueller’s investigation into Russian interference in the 2016 election.) Four years later, unhappy with Silicon Valley’s efforts to curb the manipulation of its platforms, the Democratic Party has developed capabilities of its own to monitor and tackle online disinformation.

The first-in-the-nation caucuses here Monday will be the Democrats’ first 2020 test of its new team on a day when voters have their say. The effort reflects Democrats’ growing discontent with Silicon Valley executives like Mark Zuckerberg and highlights concerns that viral disinformation could have an impact on this year’s election. “It’s like algorithmic wars here, it’s kind of crazy,” a Democratic National Committee staffer who works on the Democrats’ new counter disinformation team said on Saturday as preparations were underway in Des Moines. The staffer asked not to be identified due to the nature of their work and possibly being subjected to online harassment themselves.

“Both Republicans and foreign actors, like Russia, have an incentive to divide the American electorate and may try to use the Iowa Caucus to further that goal,” the DNC wrote in a “counter disinformation update” sent to campaigns on Thursday. Among the new weapons in the Democrats’ online arsenal is a monitoring tool called “Trendolizer.” When stories from websites known to peddle misinformation mention candidates and begin getting shares on social media, Trendolizer detects it and an alert is sent to the relevant campaigns. Another tool built in-house at the DNC monitors Twitter traffic. On Monday, it’ll watch for misinformation about how and where to caucus. Variations of the word “rigged” had been loaded into system when CNN was shown it Saturday — attempts to undermine legitimate vote results using disinformation is something Democrats are watching out for.

Read more …

Today is closing argumants in the Senate “trial”. One more chance for Schiff to take revenge on the entire world, including Jerry Nadler, and repeat the same old points another 20 times. And announce a “surprise” subpoena for John Bolton in the House.

Democrats Need to Break Their Cold War–Addled Impeachment Fever (Maté)

Sondland, according to Schiff’s account, told Yermak, “You ain’t getting the money until you do the investigations.” But both Sondland and Yermak offer a radically different account. According to Sondland, he told Yermak in “a very, very brief pull-aside conversation,” that he “didn’t know exactly why” the military funding was held up, and that its linkage to opening an investigation was only his “personal presumption” in the absence of an explanation from Trump. Yermak does not even recall the issue of the frozen aid being mentioned. To overcome that, Schiff has gone to the extraordinary step of arguing that it’s not just Sondland who is lying but the Ukrainians as well. “Like they’re going to admit they were being shaken down by the president of the United States,” Schiff told the proceedings.

Sure, that’s one possibility, but it is also wildly speculative. Ukrainian officials say they did not learn about the weapons freeze until it was publicly reported more than one month after the Trump-Zelensky call. And even after they did find out, and even voiced concerns to their US counterparts, there is no record of any complaints about the alleged linkage. As Democratic Senator Chris Murphy recalled of a meeting with Zelensky in early September—after the funding freeze became known—the Ukrainian president “did not make any connection between the aid that had been cut off and the requests that he was getting from [Trump attorney Rudy] Giuliani.”

House impeachment managers have not overcome this evidentiary flaw. They have tried to claim that the White House effectively admitted to their allegation in an October 2019 news conference by acting White House Chief of Staff Mick Mulvaney. But as I detailed back when Mulvaney’s comments initially caused a stir, Democrats and media outlets pundits rendered them as damning by isolating one fragment and ignoring the bulk of what Mulvaney said.

The absence of concrete evidence explains the last-minute excitement over compelling the potential testimony of another Trump administration official, former national security adviser John Bolton. A New York Times report about Bolton’s forthcoming memoir led to declarations that Bolton confirmed the quid pro quo allegation at the heart of the impeachment trial. As in other cases, that is based on a mistaken and maximalist interpretation of the available facts. The Times did not quote from Bolton’s manuscript. In its characterization of what Bolton wrote, the Times reports that Bolton said Trump “preferred sending no assistance to Ukraine until officials had turned over all materials they had about the Russia investigation that related to Mr. Biden and supporters of Mrs. Clinton in Ukraine”.

If this account is accurate, then Bolton is not confirming that Trump conditioned military assistance to Ukraine’s announcement of an investigation into Joe Biden and his son. Instead, Bolton is relaying that Trump “preferred” that Ukraine assist efforts to uncover the extent of Ukrainian meddling to hurt Trump’s campaign and help Democrats in 2016—meddling that did in fact happen. Recall that Trump is not on trial for preferring that Ukraine hand “over all materials they had about the Russia investigation,” but for pressuring Ukraine to announce an investigation of Trump’s political rival.

Read more …

Dems’ new favorite boy.

The Real John Bolton (CP)

It isn’t enough for the corporate media to praise John Bolton for his timely manuscript that confirms Donald Trump’s explicit linkage between military aid to Ukraine and investigations into his political foe Joe Biden. As a result, the media have made John Bolton a “man of principle,” according to the Washington Post, and a fearless infighter for the “sovereignty of the United States.” Writing in the Post, Kathleen Parker notes that Bolton isn’t motivated by the money he will earn from his book (in the neighborhood of $2 million), but that he is far more interested in “saving his legacy.” Perhaps this is a good time to examine that legacy. Bolton, who used student deferments and service in the Maryland National Guard to avoid serving in Vietnam, is a classic Chicken Hawk.

He supported the Vietnam War and continues to support the war in Iraq. Bolton endorsed preemptive military strikes in North Korea and Iran in recent years, and lobbied for regime change in Cuba, Iran, Libya, North Korea, Syria, Venezuela, and Yemen. When George W. Bush declared an “axis of evil” in 2002 consisting of Iran, Iraq, and North Korea, Bolton added an equally bizarre axis of Cuba, Libya, and Syria. When Bolton occupied official positions at the Department of State and the United Nations, he regularly ignored assessments of the intelligence community in order to make false arguments regarding weapons of mass destruction in the hands of Cuba and Syria in order to promote the use of force.

When serving as President Bush’s Undersecretary of State for Arms Control and Disarmament, Bolton ran his own intelligence program, issuing white papers on WMD that lacked support within the intelligence community. He used his own reports to testify to congressional committees in 2002 in effort to justify the use of military force against Iraq. Bolton presented misinformation to the Congress on a Cuban biological weapons program. When the CIA challenged the accuracy of Bolton’s information in 2003, he was forced to cancel a similar briefing on Syria. In a briefing to the Senate Foreign Relations Committee in 2005, the former chief of intelligence at the Department of State, Carl Ford, referred to Bolton as a “serial abuser” in his efforts to pressure intelligence analysts. Ford testified that he had “never seen anybody quite like Secretary Bolton…in terms of the way he abuses his power and authority with little people.”

Read more …

Luckily there’s still important news going on.

Punxsutawney Phil Predicts Early Spring (Slate)

Across much of the United States, many have been enjoying a mild winter. And if the world’s most famous groundhog is to be believed, the trend will continue and there will be an early spring. In fact, on Sunday morning, Punxsutawney Phil declared that early spring “is a certainty.” Well, obviously the groundhog didn’t actually declare anything but that didn’t matter to the thousands of people who gathered at sunrise on Sunday to watch as Phil emerged from his den in Punxsutawney, Pa. The groundhog allegedly did not see his shadow, according to members of his “inner circle,” meaning there will be an early spring. According to legend, if he had seen his shadow it would have signified six more weeks of winter.


[..] Since Phil’s weather-predicting career began in 1887, he has seen his shadow 104 times and has failed to see it on a mere 20 instances (a few years are missing from the official record). That makes this year’s prediction relatively rare and marks the first time Phil hasn’t seen his shadow two years in a row. Phil’s forecast “seems fitting considering the lack of winter weather this winter so far,” notes the Washington Post. But truth be told, Phil doesn’t have the best track record. From 2010-2019, Phil predicted a longer winter seven times and an early spring three times. He was right only 40 percent of the time, according to the National Oceanic and Atmospheric Administration. He has been on a particularly poor streak lately as Phil got it wrong the past three years.

Read more …

 

 

 

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Nov 282019
 
 November 28, 2019  Posted by at 9:52 am Finance Tagged with: , , , , , , , , , , ,  13 Responses »


Paul Gauguin Brooding woman 1891

 

Is Censure The Democrat Escape Clause? (Noble)
Tulsi Gabbard Slams Democrats for Calling Trump Supporters ‘Deplorables’ (GP)
China Threatens Retaliation After Trump Signs Hong Kong Democracy Bill (ZH)
Obama Holdover Investigated for ‘Illegally Leaked’ Classified Document (ET)
The Real Barack Obama Has Finally Revealed Himself (Jacobin)
Reuters Gamed A Poll To Show Rising Support For Trump Impeachment (ZH)
Fewer Than 120,000 Tactical Votes Could Block Boris Johnson Premiership (Ind.)
US Wants NHS On Table For Post-Brexit Trade Deal – Labour Dossier (Ind.)
Christopher Steele Distributed Other Dossier Reports (Solomon)
“Russian Trolls” Did Not “Sow Discord” – They Influenced No One (MoA)
Brick & Mortar Rent Meltdown, Manhattan Style (WS)
Merkel Says NATO Is ‘More Important’ Now Than During Cold War (RT)

 

 

Well, censure appears to be the word of the day.

Is Censure The Democrat Escape Clause? (Noble)

Rep. Brenda Lawrence (D-MI) is not one of those who represent a 2016 Trump-voting district. In fact, her safe Democrat district encompasses part of eastern Detroit. Even so, Lawrence has seen the writing on the wall: Among independent voters, enthusiasm for impeachment is waning, and Lawrence – who previously supported the idea – is perhaps now thinking beyond her own chances of re-election. “I will tell you, sitting here knowing how divided this country is,” Lawrence explained Nov. 24 during a radio interview, “I don’t see the value of taking [Trump] out of office, but I do see the value of putting down a marker saying his behavior is not acceptable.”

An editorial, published Nov. 23 by The Detroit News, suggests censure of the president rather than impeachment, and The Chicago Tribune followed suit on Nov. 25. It is neither unfair nor inaccurate to point out that the left-wing media rarely take up a political narrative not preapproved by someone within the Democratic Party. So the sudden appearance of editorials arguing for censure strongly suggests that Democrat strategists are leaning in that direction or at least testing the waters. Unlike impeachment, censure is not a constitutional measure. That is not to say that censure is unconstitutional, but that it is simply a course of action devised by Congress and not described in the nation’s founding document. There is no mandatory consequence to censure, and nobody would suggest that censure could lead to removal from the office of president.

It has been used most often to rebuke or reprimand members of Congress, though Trump, were he censured, would not be the first commander in chief to have faced it. In effect, censure is an act of disapproval. For a member of Congress, it may entail such undesirable consequences as loss of committee memberships or even suspension; it comes with no penalties when used against executive branch officials. And that is how it should be, or the concepts of separation of powers and co-equal branches of government would likely be swept away in an avalanche of partisan censure votes. Both the Senate and the House have the power to censure or reprimand, and each chamber may do it without the approval or involvement of the other. Censure requires only a simple majority. At least some Democrats, surely, are considering how much easier than impeachment censure will be. They also may be considering how a censure resolution will provide the opportunity to pontificate at length – on live TV – about Trump’s moral turpitude and failings, both as a human being and as a president.

Read more …

A lone voice in the wilderness: “..you can’t win support from people that you treat “like garbage.”

Tulsi Gabbard Slams Democrats for Calling Trump Supporters ‘Deplorables’ (GP)

Rep. Tulsi Gabbard once again defended supporters of President Donald Trump, as well as her appearances on Fox News, during an interview with Joe Rogan on Tuesday night. The 2020 Democratic presidential candidate said that you can’t lead Americans as president if you’re going to throw “half of them away.” “It’s one thing to say you’re gonna go on Fox News and tussle with Sean Hannity about things you disagree on, but what they see as more dangerous is finding areas where you actually do agree,” Gabbard proclaimed.

“I have a platform to be able to speak to millions of people across the country about the kind of leadership I bring in the area of foreign policy. What I would do here in this country, what I would do there in that country if I were president today. And I have the opportunity to deliver that message directly to people’s living rooms or offices or wherever they are.” Rep. Gabbard was attacked by Sen. Kamala Harris during the November Democratic Primary debate for her willingness to appear on Fox News.

“I think in some of these areas, Tucker and I will disagree on a whole host of things, but on some of these issues of foreign policy he’ll say, ‘Yeah, I agree with you,’” she continued. “And I think when you look at this cancel culture — I was attacked on the debate stage for going on Fox News — how do you think you’re gonna lead this country, all Americans, if you’re completely not only shutting out and not willing to do talk to half the country that watches Fox News, but you’re in fact disrespecting and dismissing them just because they may disagree with you, or they watch a different news channel than you do. I think that’s the bigger issue here, is you know, yeah, there’s a political consequence.” She noted that you can’t win support from people that you treat “like garbage.”

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Trump had no choice, he was outnumbered. China also has no choice, it must respond, but Xi knows what situation Trump is in.

China Threatens Retaliation After Trump Signs Hong Kong Democracy Bill (ZH)

[..] on day 510 of the trade war, it appears the president was confident enough that a collapse in trade talks won’t drag stocks too far lower, and moments after futures reopened at 6pm, the White House said that Trump had signed the Hong Kong bill backing pro-democracy protesters, defying China and making sure that every trader’s Thanksgiving holiday was just ruined.Needless to say, no differences will be “settled amicably” and now China will have no choice but to retaliate, aggressively straining relations with the US, and further complicating Trump’s effort to wind down his nearly two-year old trade war with Beijing.

Trump’s signing of the bill comes during a period of unprecedented unrest in Hong Kong, where anti-government protests sparked by a now-shelved extradition bill proposal have ballooned into broader calls for democratic reform and police accountability. “The Hong Kong Human Rights and Democracy Act reaffirms and amends the United States-Hong Kong Policy Act of 1992, specifies United States policy towards Hong Kong and directs assessment of the political developments in Hong Kong,” the White House said in a statement. “Certain provisions of the act would interfere with the exercise of the president’s constitutional authority to state the foreign policy of the United States.”

The legislation, S. 1838, which was passed virtually unanimously in both chambers, requires annual reviews of Hong Kong’s special trade status under American law and will allow Washington to suspend said status in case the city does not retain a sufficient degree of autonomy under the “one country, two systems” framework. The bill also sanctions any officials deemed responsible for human rights abuses or undermining the city’s autonomy. The House cleared the bill 417-1 on Nov. 20 after the Senate passed it without opposition, veto-proof majorities that left Trump with little choice but to acquiesce, or else suffer bruising fallout from his own party. the GOP.

Trump also signed into law the PROTECT Hong Kong act, which will prohibit the sale of US-made munitions such as tear gas and rubber bullets to the city’s authorities. While many members of Congress in both parties have voiced strong support for protesters demanding more autonomy for the city, Trump had stayed largely silent, even as the demonstrations have been met by rising police violence. Until now.

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A tangled web.

Obama Holdover Investigated for ‘Illegally Leaked’ Classified Document (ET)

The Obama holdover heading the Pentagon office reportedly under investigation by the U.S. attorney who is conducting the criminal probe of the Trump–Russia investigation was accused of leaking a classified document, in a recent court filing for retired Lt. Gen. Michael Flynn. The connection hasn’t been previously reported. According to a Nov. 21 report by independent journalist Sara Carter, U.S. Attorney John Durham is questioning personnel in the Pentagon’s Office of Net Assessment (ONA). ONA awarded about $1 million in contracts to FBI informant Stefan Halper, who appears to have played a key role in alleged U.S. intelligence agency spying on 2016 Trump campaign advisers Carter Page and George Papadopoulos.

In addition, however, a court filing indicates that ONA’s director, James H. Baker, “is believed to be the person who illegally leaked the transcript of Mr. Flynn’s calls” to The Washington Post. Specifically, the filing states, “ONA Director Baker regularly lunched with Washington Post Reporter David Ignatius.” The filing adds that Baker “was Halper’s ‘handler’” at ONA. Moreover, according to the court filing, the tasks assigned to “known long-time operative for the CIA/FBI” Halper “seem to have included slandering Mr. Flynn with accusations of having an affair with a young professor (a British national of Russian descent).” The filing notes that Flynn’s defense team has requested phone records for then-Director of National Intelligence James Clapper, likewise in order to confirm contacts with Ignatius.

The filing singles out records for Jan. 10, 2017, when, according to the filing, “Clapper told Ignatius in words to the effect of ‘take the kill shot on Flynn.’” The Pentagon’s current inspector general has already found that Baker’s office “did not maintain documentation of the work performed by Professor Halper or any communication that ONA personnel had with Professor Halper.” As a result, according to the inspector general, ONA staff “could not provide sufficient documentation that Professor Halper conducted all of his work in accordance with applicable laws and regulations.”

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Quite the attack.

The Real Barack Obama Has Finally Revealed Himself (Jacobin)

What does Barack Obama want? To ask the question is both to wonder how one of the world’s most influential people chooses to dedicate his time and to consider to what ends he thinks it is best put to use. As Nathan Robinson and I argued a little more than two years ago, a post-presidency offers us the ideal heuristic for doing exactly that. In office, or so it has often been suggested, Obama’s fiery progressive spirit was endlessly stifled by a combination of events, GOP obstruction, and the inherent conservatism of the American legislative process. Having left such constraints behind, many believed, post-2016 Obama would now be free to do just about anything he wanted — meaning that the former president’s real self could finally surface from beneath the depths of institutional necessity under which it had hitherto been submerged.

This prediction turned out to be true enough, just not in the way many Obama partisans assumed. Equipped with fame, wealth, and a vast reservoir of residual goodwill Obama now has more power to do good in an hour than most of us do in a lifetime. The demands of etiquette and propriety notwithstanding, he no longer has intransigent Blue Dog senators to appease, donors to placate, or personal electoral considerations to keep him up at night. When he speaks or acts, we can be reasonably certain he does so out of sincere choice and that the substance of his words and actions reflect the real Barack Obama and how he honestly sees the world.

It therefore tells us a great deal that, given the latitude, resources, and moral authority with which to influence events, Obama has spent his post-presidency cozying up to the global elite and delivering vapid speeches to corporate interests in exchange for unthinkable sums of money. Though often remaining out of the spotlight, he has periodically appeared next to various CEOs at events whose descriptions might be read as cutting satire targeting the hollowness of business culture if they weren’t all-too real. As the world teeters on the brink of ecological disaster, he recently cited an increase in America’s output of oil under his administration as a laudable achievement.

When Obama has spoken about or intervened in politics, it’s most often been to bolster the neoliberal center-right or attack and undermine the Left. Having emerged from seclusion to endorse the likes of Emmanuel Macron and Justin Trudeau, Obama also rang up Britain’s austerity-loving Conservative prime minister Theresa May on election night in 2017 to offer reassurance and trash the Labour Party’s electoral prospects. Only last week, while denouncing the Democratic Party’s “activist wing,” the former president who had once introduced himself to the nation as a progressive, community-minded outsider inveighed against those pushing for a more ambitious direction — contemptuously instructing a group of wealthy donors not to concern themselves too-much with the irrational zealotry of “certain left-leaning Twitter feeds.”

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Why do we still have polls left? What purpose do they serve other than entertainment?

Reuters Gamed A Poll To Show Rising Support For Trump Impeachment (ZH)

After several major polls revealed a sharp decline in support for impeaching President Trump in the wake of unconvincing public testimony by aggrieved bureaucrats (and at least one House Democrat publicly opposing the move), Reuters/Ipsos now claims support for impeachment has increased. “The latest poll, conducted on Monday and Tuesday, found that 47% of adults in the United States felt Trump “should be impeached,” while 40% said he should not. The result, combined with Reuters/Ipsos polling over the past several weeks, showed that the number of Americans who want to impeach the president increasingly outnumbers those who do not.” -Reuters The problem? Reuters sampled a disproportionate number of Democrats. Buried at the bottom of their report, they disclose:

“The Reuters/Ipsos poll was conducted online, in English, throughout the United States. It gathered responses from 1,118 adults, including 528 Democrats, 394 Republicans and 111 independents. It has a credibility interval, a measure of precision, of 3 percentage points.” In other words, Reuters sampled more Democrats than Republicans and independents combined to arrive at their conclusion. They also reveal that ” about eight in 10 Democrats [were] supportive of impeaching Trump, and eight in 10 Republicans opposed,” and that seven in 10 Republicans felt the House impeachment inquiry had not been conducted fairly. As we noted during the 2016 US election, Reuters/Ipsos wasoversampling Democrats when they found that Hillary Clinton had a giant lead over Donald Trump – using a poll that sampled 44% Democrats and 33% Republicans.

But hey, Adam Schiff needs something to back his claim that support for impeachment has grown “dramatically” over the past two months.

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And here’s another poll. Does anyone fully understand this system?

Fewer Than 120,000 Tactical Votes Could Block Boris Johnson Premiership (Ind.)

Fewer than 120,000 anti-Brexit tactical votes in the right seats could deny Boris Johnson an overall majority in the House of Commons, new polling suggests. A large-scale survey of almost 40,000 voters found that Conservatives are heading for 366 seats in the House of Commons, giving Mr Johnson a comfortable majority of 82. But analysis for the Best for Britain campaign for a second EU referendum found that in 57 seats, the Tory candidate could be defeated by 4,000 or fewer anti-Brexit voters voting tactically. And the campaign said that as few as 117,314 pro-EU tactical votes in the right seats could produce a hung parliament which could deliver a Final Say referendum.

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Scary enough fpr you?

US Wants NHS On Table For Post-Brexit Trade Deal – Labour Dossier (Ind.)

US negotiators pushed for “full market access” to services including the NHS in talks on a post-Brexit free trade deal with the UK, a cache of leaked documents has revealed. The papers were dramatically unveiled by Labour leader Jeremy Corbyn, who said they left “in tatters” the prime minister’s denial that the NHS will be on the table in trade talks. The 451-page dossier of official files showed the US had “pushed hard” to extend patents on drugs developed by American corporations in a way which would raise prices to NHS patients. A UK negotiator said such a move could put Britain “in difficult territory”.

And the dossier made clear that the US has been “emphatic” in its insistence that climate change should not even be mentioned in the deal, which Boris Johnson wants to strike as soon as possible after the UK leaves the European Union. But furious Conservatives accused Mr Corbyn of “out-and-out lying” and suggested he was peddling conspiracy theories in a bid to distract attention away from his difficulties over antisemitism allegations and Labour’s plans for Brexit and taxation. Mr Johnson dismissed the Labour leader’s claims as “total nonsense”, and said: “I can give you an absolute cast-iron guarantee that this is a complete diversion. That the NHS under no circumstances would be on the table for negotiation, for sale.”

[..] After a slew of bad headlines about his refusal to apologise for his handling of antisemitism during a TV interview on Tuesday, Mr Corbyn came back fighting with the claim that Mr Johnson’s government was “preparing to sell our NHS”. He pointed to details in the dossier which showed that the US was pushing for a deal in which all services would be opened up to American companies unless they were specifically exempted. “Total market access” should be the “baseline assumption of the trade negotiations” because it “incentivises freer trade”, the dossier said. UK officials assured their US counterparts that Britain would be “a liberalising influence” and that together they could “fly the good flag for services liberalisation”.

“That’s a green light for breaking open Britain’s public services so corporations can profit from them,” said Mr Corbyn. And he warned: “The US is demanding that our NHS is on the table in negotiations for a toxic deal – it’s already being talked about in secret. That could lead to runaway privatisation of our health service. “Mega-corporations see Johnson’s alliance with Trump as a chance to make billions from the illness and sickness of people in this country. “And if the Conservatives have their way and this deal goes forward, the changes I’ve revealed will be almost irreversible.”

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A foreigner paid for dirt on a political opponent. What do we call that?

Christopher Steele Distributed Other Dossier Reports (Solomon)

Just before Christmas 2015, the British intelligence operative Christopher Steele emailed a report to private clients that included an American lawyer for a Ukrainian oligarch. The title of the dossier was “FIRTASH Abortive Return to Ukraine,” and it purported to provide intelligence on why the energy oligarch Dmitri Firtash tried, but failed, to return to his home country of Ukraine. “FIRTASH’s talk of returning to Ukraine a genuine ambition rather than merely a ruse to reveal Ukrainian government’s hand. However the oligarch developed cold feet upon the news of a negative reception at Boryspil airport,” Steele reported on Dec. 23, 2015.

Perhaps most important to the recipients, the former MI6 agent’s report purported to share the latest thinking of Russian and U.S. officials on Firtash, who at the time faced U.S. criminal charges and was awaiting extradition from Austria. Those charges and extradition remain unresolved four years later. Firtash insists on his innocence, while the U.S. government stands by it case despite recent criticism from Austrian and Spanish authorities. “The prevarication over his return has lost FIRTASH credibility with the Russians, but his precarious position in Austria leaves him little choice but to acquiesce with Moscow’s demands,” the Steele report claimed. “Separate American sources confirm that US Government regards FIRTASH as a conduit for Russian influence and he remains a pariah to the Americans.”

The anecdote of the Firtash report underscores that challenges the FBI faced when it used Steele in 2016 as a human source in the Russia collusion probe. He not only opposed Trump and was paid by Hillary Clinton’s opposition research firm to dig up dirt on the then-GOP nominee, he also was in the business of selling intelligence to private clients – all perfectly legal — while informing for the FBI.

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Robert Mueller gave it away.

“Russian Trolls” Did Not “Sow Discord” – They Influenced No One (MoA)

The U.S. has claimed that the Russia government tried to influence the 2016 election through Facebook and Twitter. Russia supposedly did this through people who worked the Internet Research Agency (IRA) in St. Petersburg (Leningrad), Russia. The IRA people ran virtual persona on U.S. social networks which pretended to have certain political opinions. It also spent on advertising supposedly to influence the election. U.S. intelligence claimed that the purpose of the alleged Russian influence campaign was to “sow discord” within the United States. But the IRA had nothing to do with the Russian government. It had no interests in politics. And a new study confirms that the idea that it was “sowing discord” is blatant nonsense.


IRA influencer

The Mueller investigation indicted 13 Russian persons and three Russian legal entities over the alleged influence campaign. But, as we wrote at that time, there was more to it than the media reported: “The published indictment gives support to our long held believe that there was no “Russian influence” campaign during the U.S. election. What is described and denounced as such was instead a commercial marketing scheme which ran click-bait websites to generate advertisement revenue and created online crowds around virtual persona to promote whatever its commercial customers wanted to promote. The size of the operation was tiny when compared to the hundreds of millions in campaign expenditures. It had no influence on the election outcome.”

The IRA hired people in Leningrad for little money and asked them to open accounts on U.S. social media. The virtual persona they created and ran were to attract as many persons to those accounts as possible. They did that by posting funny dog pictures or by taking strong political positions. They were ‘influencers’ who sold their customers’ products to the people they attracted. The sole purpose was the same as in any commercial media. Create content to attract ‘eyeballs’, then sell those eyeballs to advertisers.

The IRA also bought advertisement to attract more people to its accounts. But the amount it spent was tiny. The final price tag for the 2016 election was $6.5 billion for the presidential and congressional elections combined. The IRA spend a total of $100,000 to promote its own accounts. But only some $45,000 of that was spend before the election. It was 0.000007 cent for every election dollar that was spend during that time. It is statistically impossible that the mostly apolitical IRA spending had any effect on the election.

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Not the same all over Manhattan, but the trend is there.

Brick & Mortar Rent Meltdown, Manhattan Style (WS)

These are major shopping corridors in Manhattan, and in nearly all of them, asking rents for ground-floor retail space have been dropping for years – and in some of them by half. For example, the average asking rent on Madison Avenue between 57th Street and 72nd Street, plunged 22% in the second half of 2019, compared to the same period last year, to $906 per square foot per year, and is down 47% from the first half in 2015, according to the bi-annual Manhattan Retail Report released today by the Real Estate Board of New York. The REBNY report points out, “An increased amount of leases expiring has contributed to the high availability rates [meaning, vacancies] that has led owners to lower asking rents and offer more short-term lease agreements.”

Falling asking rents and better terms in the Madison Avenue corridor – better deals for prospective tenants – help bring out prospective tenants, according to the report: “Softening rents has led to increased absorption as recent leases consist of retailers relocating to smaller-sized storefronts with better co-tenancy. Notables tenants such as Akris, Mont Blanc, and Morgane Le Fay indicate that apparel tenants still dominate this corridor.” The report is entirely focused on ground-floor retail spaces. Of the 17 shopping corridors in Manhattan tracked by the REBNY, average asking rents fell in 11 of them. But since 2015, asking rents in all but three of them have dropped sharply.

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The true colors of Mutti.

Merkel Says NATO Is ‘More Important’ Now Than During Cold War (RT)

German Chancellor Angela Merkel said NATO is now equally or more important than it was during the Cold War, a praise being sang to a military bloc long without its arch-rival and with a history of interventions.
East Germany native Angela Merkel provided her very complimentary take as NATO braces to mark their 70th anniversary at a special summit in London. Keeping the military bloc in place today “is even more in our very own interests as it was in the Cold War – or at least as important as it was in the Cold War,” the Chancellor told German MPs. “Because, and the Foreign Minister [Heiko Maas] said yesterday, Europe currently cannot defend itself on its own,” she reiterated.

Slightly contradicting her own words, the chancellor admitted that the US “no longer automatically takes up responsibility when it’s burning around us.” As the formal etiquette prescribes, Merkel called NATO a “bulwark for peace and freedom” over the past 70 years, without highlighting the bloc’s war on former Yugoslavia and the 2011 bombardments of Libya. The German leader has recently locked horns with France’s Emmanuel Macron over his famous “NATO’s brain death” remark that sent shockwaves through European elite circles. Macron’s “drastic words” were “unnecessary, even if we do have problems and must get it together,” Merkel complained at the time.

Rebuking Macron was also NATO Secretary General Jens Stoltenberg, who said last week that “European unity cannot replace Transatlantic unity as we need both … especially after Brexit.” But bringing the 70-year-old alliance together is increasingly becoming a challenge for its members. On the latest occasion, Turkey – a country that has one of NATO’s largest standing armies – refused to sign a new defense plan for the eastern European countries, according to Reuters.

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Clive James died yesterday.

 

 

 

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Feb 162019
 


Marcel Duchamp The king and queen surrounded by swift nudes 1912

 

Over 60% Of All New Debt Created Globally In Past Decade Was In China (NYFed)
Worms Turning (Jim Kunstler)
FBI Created, Covered Up “Chart” Of Potential Hillary Clinton Crimes (ZH)
Mueller Discloses Evidence Roger Stone Communicated With Wikileaks (G.)
Are Russian Trolls Saving Measles From Extinction? (RFE)
Democrats’ Coveted 2020 Prize? An Endorsement From Ocasio-Cortez (G.)
The Green New Deal, Capitalism and the State (CP)
Corbyn To Hold Brexit Talks With EU’s Barnier And Verhofstadt (G.)
When The Swabian Hausfrau Saves (Steve Keen)
9/11 Fund Running Out Of Money For Those With Illnesses (AP)
Subsidies to Amazon Are Uneconomical, Un-American, and Unconstitutional (PM)

 

 

As Trump flunks his emergency, Xi flunks his economy. I’ll wait for the shouting match over the first to settle over the weekend.

This is from the New York Fed’s Liberty Street Economics. The second graph is not from their piece, but very much to the point. After all that new debt, China’s transition to a consumer economy is faltering. So people are clamoring for rate cuts and more stimulus. But do they realize how much stimulus China has already neede to get where it is today?

Over 60% Of All New Debt Created Globally In Past Decade Was In China (NYFed)

Although there has been a notable deceleration in the pace of credit growth recently, the run-up in debt in China has been eye-popping, accounting for more than 60 percent of all new credit created globally over the past ten years. Rising nonfinancial sector debt was driven initially by an increase in corporate borrowing, which surged in 2009 in response to the global financial crisis. The most recent leg of China’s credit boom has been due to an important shift toward household lending. To better understand the rise in household debt in China and its implications for financial stability and China’s economic performance, it is important to examine the expansion in household credit, how the rise in debt compares to international experience, and the associated risks.

The growth of China’s household debt reflects a natural evolution in financial sector deepening and has grown in two waves. The first occurred during the late-1990s following major financial reforms and the privatization of China’s housing stock. The second wave began in the wake of the global financial crisis and has witnessed much more rapid growth, with debt increasing by nearly $5.7 trillion, or nearly 30 percent of China’s GDP. In fact, household lending overtook corporate borrowing in early 2018 to become the largest driver of aggregate loan growth in China. New household lending now accounts for roughly half of new loans.

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Glad someone’s keeping count.

Worms Turning (Jim Kunstler)

[..] late this week, William Barr was confirmed as a new Attorney General, meaning the extreme case of bureaucratic constipation in that department may be resolving in a shitstorm of counter-revelations and prosecutions in what amounted to an attempted coup d’etat. A lot of the evidence for that is already public and overwhelming. It includes:

• Using FBI counter-intelligence assets improperly and illegally.
• Using fabricated “opposition research” provided by Mrs. Clinton to obtain warrants to spy on her election opponent, and failing to verify it as evidence (according to strict “Woods” procedures) submitted to FISA court judges.
• Recruiting Britain’s MI6 to spy on US citizens as a work-around from US laws prohibiting US Intel from spying on Americans.
• Setting up the notorious Trump Tower meeting to entrap Donald Trump Jr., using a Russian lawyer, Natalia Veselnitskaya, in the employ of Fusion GPS, Mrs. Clintons oppo research contractor.
• Orchestrating leaks of secret FBI proceedings to the news media to feed a Russia collusion hysteria.
• Malicious prosecutions by Special Counsel Robert Mueller and egregious political conflicts-of-interest among Mr. Mueller’s team of prosecutors.
• Coverup of the Uranium One scheme facilitated by Robert Mueller and Deputy Attorney General Rod Rosenstein.
• A scheme to surreptitiously and illegally record conversations with Mr. Trump once he became president.
• Conspiring to bury multiple inquires into illegal conduct of Mrs. Clinton, her employees and associates by failing to obtain evidence and allowing it to be destroyed.
• Misconduct in office by former CIA chief John Brennan, former National Security Director James Clapper, former AG Loretta Lynch, and members of President Obama’s White House inner circle.

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Tie in this one with Jim Kunstler’s list above.

FBI Created, Covered Up “Chart” Of Potential Hillary Clinton Crimes (ZH)

The top brass of the Obama FBI went to great lengths to justify their decision not to recommend charges against former Secretary of State Hillary Clinton for mishandling classified information, according to Judicial Watch, which obtained evidence that the agency created a ‘chart’ of Clinton’s offenses. The newly obtained emails came in response to a court ordered Freedom of Information Act (FOIA) request that the DOJ had previously ignored. Via Judicial Watch: “Three days after then-FBI Director James Comey’s press conference announcing that he would not recommend a prosecution of Mrs. Clinton, a July 8, 2016 email chain shows that, the Special Counsel to the FBI’s executive assistant director in charge of the National Security Branch, whose name is redacted, wrote to Strzok and others that he was producing a “chart of the statutory violations considered during the investigation [of Clinton’s server], and the reasons for the recommendation not to prosecute…”

[..] On May 15, 2016, James Rybicki, former chief of staff to Comey, sends FBI General Counsel James Baker; Bill Priestap, former assistant director of the FBI’s counterintelligence division; McCabe; Page; and others an email with the subject line “Request from the Director.” Rybicki writes: By NLT [no later than] next Monday, the Director would like to see a list of all cases charged in the last 20 years where the gravamen of the charge was mishandling classified information. It should be in chart form with: (1) case name, (2) a short summary for content (3) charges brought, and (4) charge of conviction. If need be, we can get it from NSD [National Security Division] and let them know that the Director asked for this personally. Please let me know who can take the lead on this. Thanks! Jim

Page forwards to Strzok: FYSA [For your situational awareness] Strzok replies to Page: I’ll take the lead, of course – sounds like an espionage section question… Or do you think OGC [Office of the General Counsel] should? And the more reason for us to get feedback to Rybicki, as we all identified this as an issue/question over a week ago. Page replies: I was going to reply to Jim [Rybicki] and tell him I can talked [sic] to you about this already. Do you want me to?

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Mueller gets nuttier, and the Guardian gladly collaborates. On nothing new. We already knew WikiLeaks told Stone to take a hike. Most importantly, Mueller continues his cowardice vs Assange, because without his empty accusations of Assange, he really has nothing left on collusion. And if Assange could talk, he’d have even less left. And people tell me he’s not a coward.

Under US law, people have the right to defend themselves. Under Robert Mueller’s law, Julian Assange does not. Is that stating it clear enough?

As for Stone, Aaron Maté tweeted about this article: “LOL. The “communications of Roger Stone with Wikileaks” were revealed a year ago. They show WL urging Stone to stop making “false claims of association” between them.”

Mueller Discloses Evidence Roger Stone Communicated With Wikileaks (G.)

The US Special Counsel, Robert Mueller, disclosed for the first time on Friday that his office has evidence of communications between Roger Stone, a longtime adviser to President Donald Trump, and WikiLeaks related to the release of hacked Democratic party emails. In a court filing on Friday, Mueller’s office said it had gathered that evidence in a separate probe into Russian intelligence officers who were charged by Mueller with hacking the emails during the 2016 US presidential campaign and staging their release. In an email criticising media coverage of Mueller’s filing on Friday, Stone said the evidence was “innocuous Twitter direct messages” that have already been disclosed to the House Intelligence Committee and “prove absolutely nothing”.

Also on Friday, a federal judge placed some limits on what Stone and his lawyers can say publicly about his criminal case brought by the special counsel in the Russia investigation. But the US district judge, Amy Berman Jackson, stopped short of imposing a broad ban on public comments by the outspoken political operative, issuing a limited gag order she said was necessary to ensure Stone’s right to a fair trial and “to maintain the dignity and seriousness of the courthouse and these proceedings”. Stone was indicted last month for lying to Congress about his communications with others about the hacked emails. Mueller did not say at the time that he had evidence of communications with WikiLeaks. Stone, an ally of Trump for 40 years, has pleaded not guilty to the charges.

Stone has previously acknowledged brief exchanges with both WikiLeaks and Guccifer 2.0 but maintains he never had advance knowledge about the release of hacked emails. But Friday marked the first time Mueller indicated he had obtained related evidence, although it remained unclear if the evidence is more substantial than what is publicly known. “The government obtained and executed dozens of search warrants on various accounts used to facilitate the transfer of stolen documents for release, as well as to discuss the timing and promotion of their release,” Mueller’s team wrote in a filing to the US district court in Washington DC. “Several of those search warrants were executed on accounts that contained Stone’s communications with Guccifer 2.0 and with Organization 1.”

[..] WikiLeaks and Guccifer 2.0 each published emails and other documents from the Democratic party in 2016 in an operation that Mueller alleges was part of a Kremlin-backed effort to tip the election in favour of then Republican nominee, Donald Trump.

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Radio Free Europe presents Russiaphobia on steroids.

Let’s ask Mueller what he thinks.

Are Russian Trolls Saving Measles From Extinction? (RFE)

Scientific researchers say Russian social-media trolls who spread discord before the 2016 U.S. presidential election may also have played an unintended role in a developing global health crisis. They say the trolls may have contributed to the 2018 outbreak of measles in Europe that killed 72 people and infected more than 82,000 — mostly in Eastern and Southeastern European countries known to have been targeted by Russia-based disinformation campaigns. Experts in the United States and Europe are now working on ways to gauge the impact that Russian troll and bot campaigns have had on the spread of the disease by distributing medical misinformation and raising public doubts about vaccinations.

Studies have already documented how cybercampaigns by the Internet Research Agency – a St. Petersburg “troll farm” that has been accused of meddling in the U.S. 2016 presidential election – artificially bolstered debate on social media about vaccines since 2014 in a way that eroded public trust in vaccinations. Now, the World Health Organization (WHO) is warning that “vaccination hesitancy” has become one of the top threats to global health. It notes a 30 percent rise in measles globally and a resurgence of measles in countries that had once been close to eradicating the disease.

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You heard it here first in The Great Discontent.

A communications director says: “She’s built a profile with a savvy way beyond her years..”, but it’s the other way around. Anyone older can not build a profile the way she has because she’s 29 and grew up with social media; it’s not an acquired taste for her.

Democrats’ Coveted 2020 Prize? An Endorsement From Ocasio-Cortez (G.)

Welcome to the AOC primary. At 29 years old, Congresswoman Alexandria Ocasio-Cortez – already known as “AOC” for short – is too young to be eligible to run for US president. But her phenomenal impact on American politics means that she could play an outsized role in deciding who does. As her fellow Democrats jostle for position ahead of the 2020 primary elections, an endorsement from Ocasio-Cortez is likely to be a widely coveted prize, a guaranteed shot of adrenaline sure to energise her army of millennial voters. But it could also come with perils in the later presidential contest, especially for so-called “centrist” candidates hoping to draw independents and moderate Republicans away from Donald Trump.

In little more than a month, Ocasio-Cortez, whose New York district includes parts of the Bronx and Queens, has taken Washington by storm, overshadowing career politicians who have spent years labouring in the 435-member House of Representatives. Her proposals – among them a Green New Deal to combat climate change and a 70% tax rate on earnings over $10m to tackle economic inequality – have reset terms of debate in the early stages of the Democratic contest. “This is a race to the left,” said Dave Handy, a New York-based political consultant and organiser. “Even if people don’t like her or her policies, they will be racing to get her endorsement because it’s a progressive check mark. She embodies the general direction the party is going in.”

[..] Ocasio-Cortez is also a social media sensation. She has in excess of 3 million followers on Twitter with more engagement than Donald Trump, Barack Obama or Vermont senator Bernie Sanders. Last week a video clip in which she quizzed ethics experts about government corruption became the most watched political video ever posted on Twitter with 37.5m views. It was another demonstration of astonishing clout. Neil Sroka, communications director of the progressive group Democracy for America, said: “She’s built a profile with a savvy way beyond her years, but she also has an agenda that feels right for the moment. AOC does not exist without the bold, inclusive, populist agenda she’s pushing. The vitriol she has inspired speaks to how afraid everyone is; Republicans see her as representing a country they don’t even know how to speak to.”

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“The American plan is to burn the oil. All of it.”

The Green New Deal, Capitalism and the State (CP)

Unbeknownst to most Americans, the nation’s forests were clear-cut from coast to coast in the mid-late nineteenth century. Photographs from the era show denuded landscapes— no trees, no animals, and streams still poisoned from the runoff in the present, for as far as the eye can see. The scars from nineteenth and twentieth century strip mining in Pennsylvania draw direct geographical and historical lines to the mountaintop removal that is taking place in West Virginia today. These natural resources produced the bounty of American capitalism every bit as much as the manufacturing prowess of the Second Industrial Revolution. In turn, this combination of low-cost resources, manufacturing prowess and natural borders (the oceans) produced the military might that defines America in the present.

The logic of weapons and weaponry pervades American capitalism. Death and destruction, domination and control, are what America does. The thought that these resources were ever ‘free’ illustrates the power of ideology. With a body count of at least one-hundred million human beings— including genocide against the indigenous population, murdered slaves, coal miners in Appalachia who died from black lung disease, mill workers in Massachusetts and North and South Carolina who died from inhaling cotton fibers, and those killed in American wars for resources, the human toll of American capitalism is staggering.

[..] In the present, the introduction of a Green New Deal as a nonbinding resolution, rather than the creation of a select congressional committee, clarifies the political form of official resistance to environmental resolution. The public pronouncement itself is a call to arms, implying both that the need for environmental resolution is urgent and that it won’t be led from above. Its authors were right to take their case to the people, from whom something akin to a revolutionary movement is required. Complaints over its limited scope miss that until there is such a movement, little progress toward environmental resolution will be made. Current bipartisan American machinations toward Venezuela illustrate the conundrum. Venezuela has the largest proven oil reserves in the world. The U.S. is using state power to ‘liberate’ this oil for the benefit of nominally private multinational oil corporations. The American plan is to burn the oil. All of it.

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And why not? It must get messier still.

Corbyn To Hold Brexit Talks With EU’s Barnier And Verhofstadt (G.)

Jeremy Corbyn will hold talks in Brussels next week with Michel Barnier, the EU’s chief negotiator, as he seeks to break the Brexit impasse and persuade Theresa May to sign up to a customs union. The visit is likely to be highly unwelcome in Downing Street, and risks accusations that Labour is pursuing its own shadow negotiations, undermining the prime minister’s hopes of fresh EU concessions. May will be in Brussels in the same week to meet the European commission president, Jean-Claude Juncker. The UK attorney-general, Geoffrey Cox, is expected to travel with her. During a whistle-stop tour of the central figures in the Brexit talks on Thursday, Corbyn is also due to meet the European parliament’s Brexit coordinator, Guy Verhofstadt.

He will also hold talks with senior figures in the socialist group in the European parliament, including Labour MEPs. EU sources said Corbyn was expected to provide further details on his recent conditional offer of support for the prime minister’s deal along with an update on the cross-party talks. Earlier this month, the Labour leader said his party would back the withdrawal agreement, containing the Irish backstop, if May renegotiated the accompanying political declaration on the future relationship. Labour is seeking a permanent and comprehensive UK-wide customs union, a close alignment with the single market and protection for standards and workers’ rights.

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Steve wants to abolish the word ‘savings’ with regards to a government. It makes no sense at all.

When The Swabian Hausfrau Saves (Steve Keen)

Savings is promoted as a private virtue that should be practiced at a national and international level as well. What happens to the economy when it is implemented? Keen explains one of the great economic fallacies: that a government needs to manage its finances like a household, and if the government consistently spends more than it receives in income, the nation’s debt will ultimately become unsustainable, and the nation will go broke. Furthermore he will address why the predominant Neoclassical economic model of banking is dangerously misleading as a guide to how a capitalist economy actually works and was thus incapable of predicting the Great Financial Crisis of 2007.

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Hoe much more American does it get?

9/11 Fund Running Out Of Money For Those With Illnesses (AP)

The compensation fund for victims of 9/11 is running out of money and will cut future payments by 50 to 70 percent, officials announced Friday. September 11th Victim Compensation Fund special master Rupa Bhattacharyya said she was “painfully aware of the inequity of the situation” but stressed that awarding some funds for every valid claim would be preferable to sending some legitimate claimants away empty-handed. “I could not abide a plan that would at the end of the day leave some claimants uncompensated,” Bhattacharyya said.

Nearly 40,000 people have applied to the federal fund for people with illnesses potentially related to being at the World Trade Center site, the Pentagon or Shanksville, Pennsylvania, after the 2001 terror attacks there, and about 19,000 of those claims are pending. Nearly $5 billion in benefits have been awarded out of the $7.3 billion fund. Bhattacharyya said fund officials estimate it would take another $5 billion to pay pending claims and the claims that officials anticipate will be submitted before the fund’s December 2020 deadline. Absent that funding, officials determined that pending claims submitted by Feb. 1 would be paid at 50 percent of their prior value. Valid claims received after that date will be paid at just 30 percent.

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Idea is good, argumentation less so. You can’t expect to be taken too seriously when you write lines like this one: A recent paper shows that companies are more likely to receive subsidies when they make financial contributions to political candidates in the state.

Subsidies to Amazon Are Uneconomical, Un-American, and Unconstitutional (PM)

Corporate subsidies are a negative-sum game. They foster crony capitalism, hurt productivity growth and inflict great harm on product market competition.

As soon as Amazon announced the location of its new headquarters, an intense media battle started on the rationality of the fiscal subsidies offered by the two chosen states to attract the new headquarters. Was it a good idea for New York and Virginia to offer $1.5 billion and $573 million respectively to stir Amazon’s decision? In each of the two chosen locations Amazon was to invest billions in infrastructure, employ as many as 25,000 people directly (and many more indirectly), and bring billions in new tax revenues. Even the generous fiscal benefits offered by the two locations seem small vis-à-vis the additional fiscal revenues the winning states will enjoy. After all, had Amazon chosen New Jersey over New York, the Empire State would have lost up to $14 billion in new tax revenues over the next 25 years.

Why shouldn’t a state pay a fraction of these enormous benefits to secure Amazon’s headquarters? While appealing, this argument is flawed and—as it turns out—self-defeating. When companies compete for customers, they have to offer better products or lower prices. They are forced to innovate and improve efficiency in production. In economist lingo, product market competition is not a zero-sum game (my gains are equal to your losses), but a positive-sum game (my gains exceed your losses). By contrast, corporate competition for state subsidies is a zero-sum game. Amazon is not going to be more productive in New York than in New Jersey –it will only pay fewer taxes. If companies are successful in pitting one state against another, they will end up paying no state taxes.

As a result, the economy will not be one iota more efficient, and the rest of us will end up paying more taxes to make up for the revenue shortfall. Competition for subsidies also fosters crony capitalism and hurts productivity growth. It fosters crony capitalism because it favors companies that are well-connected, rather than companies that are more efficient.

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