Mar 252020
 


Harris&Ewing Washington DC in April April 1924

 

Coronavirus Stimulus Package To Exceed $6 Trillion – Kudlow (NYP)
US Senate Leaders Reach Deal With White House On $2tn Coronavirus Package (G.)
Share Buybacks, $4.6 Trillion Driver of Stock Market Bubble, Are Toast (WS)
White House Tells New Yorkers Who Leave State To Self Quarantine (USAT)
LA To Shut Off Water, Power For Non-Essential Businesses That Stay Open (GP)
United States Could Become Coronavirus Epicenter – WHO (R.)
South Korea Says Trump Asked For Equipment To Fight Coronavirus (R.)
EU Left Italy Alone To Fight Coronavirus, Russia, China Didn’t – Ex-FM (RT)
EU Shrugs Off US Sanctions, Gives Millions In Coronavirus Aid To Iran (ZH)
EU Urged To Evacuate Asylum Seekers From Cramped Greek Camps (G.)
Czech Borders May Remain Closed For Two Years, Says Top Official (ExpCZ)
Turkey’s Coronavirus Situation Is Out Of Control – Health Experts (Ahval)
Bolsonaro Says He ‘Wouldn’t Feel Anything’ If Infected With COVID-19 (G.)
Australian Doctors Warned Off After Prescribing Hydroxychloroquine (G.)
Assange Lawyer Baltasar Garzon Hospitalized With Coronavirus (RT)
Pablo Escobar’s ‘Cocaine Hippos’: Invasive Species Restore A Lost World (G.)

 

 

Only yesterday, I quoted a tweet and said: “As for these numbers: It took 67 days from the first reported case to reach the first 100,000 cases, 11 days for the second 100,000 cases and just four days for the third 100,000 cases. 300,000 cases were reached sometime early March 22″.

It took two days to reach 400,000. Not even.

And Prince Charles has it.

 

 

Cases 434,568 (+ 42,621 from yesterday’s 391,947)

Deaths 19,062 (+ 2,464 from yesterday’s 17,138)

 

 

 

From Worldometer yesterday evening (before their day’s close)

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 15% !! up 1% every day-

 

 

From SCMP:

 

 

From COVID2019Live.info:

 

 

From COVID2019.app:

 

 

 

 

“We’re heading for a rough period but it’s only going to weeks, we think. Weeks and months. It’s not going to be years, that’s for sure..”

Coronavirus Stimulus Package To Exceed $6 Trillion – Kudlow (NYP)

An emergency stimulus package to bailout the U.S. economy amid the coronavirus pandemic will total $6 trillion — a quarter of the entire country’s GDP, the White House said Tuesday. Trump administration economist Larry Kudlow said the package would include $4 trillion in lending power for the Federal Reserve as well as a $2 trillion aid package currently being hammered out by Congress. “This package will be the single largest main street assistance program in the history of the United States,” Kudlow said at the White House coronavirus task force briefing on Tuesday evening.

Included in the package is Congress’ almost $2 trillion emergency bill which, when passed, will issue direct checks for American families, bailouts for the airline industry and a $350 billion loan program for struggling small businesses. The other $4 trillion will allow the Federal Reserve to make huge emergency bailouts to whatever entity it chooses — a measure that was used to prop-up Wall Street firms from collapse during the 2008 financial crisis. “This legislation is urgently needed to bolster the economy,” Kudlow added, warning the economy had tough times ahead. “We’re heading for a rough period but it’s only going to weeks, we think. Weeks and months. It’s not going to be years, that’s for sure,” he said, echoing comments from President Trump that the economy will bounce back to its pre-pandemic high.

Kudlow, a former Reagan administration adviser and media personality, said the huge bailout would “position us for what I think can be an economic rebound later this year.” A tidal wave of U.S. workers are facing unemployment in the wake of the COVID-19 outbreak — with White House officials warning of a 20 percent unemployment rate.

Read more …

Forget about re-arranging deckchairs, these people are fighting while the Titanic sinks.

US Senate Leaders Reach Deal With White House On $2tn Coronavirus Package (G.)

US Senate leaders have reached a deal with the Trump administration on a nearly $2tn stimulus package to help rescue the American economy ravaged by the coronavirus pandemic as Donald Trump considers easing restrictions aimed at combating the contagion. After days of around-the-clock negotiations amongst senators and administration officials, a bipartisan compromise was struck over what is expected to be the largest US economic stimulus measure ever passed. “We have a deal,” said Eric Ueland, the White House legislative affairs director, just before 1am, adding that the text of the bill still needed to be completed.

“We have either, clear, explicit legislative text reflecting all parties or we know exactly where we’re going to land on legislative text as we continue to finish.” Senate majority leader Mitch McConnell confirmed a deal had been reached. The bill will then go to the House, and then to Donald Trump, who is expected to ratify it. Tempers flared on Monday on Capitol Hill as senators grappled with the need to pass the critical aid. Democrats twice blocked efforts to move forward with a vote on the legislation, arguing the proposal did not provide strong enough protections for workers, families and healthcare providers nor did it impose strict enough restrictions on businesses that receive federal bailout money.

Republicans, in turn, fumed that Democrats were playing politics in a time of crisis. Late into the night, Treasury secretary Steven Mnuchin and Ueland ironed out details with the Republican and Democratic Senate leaders. “This is not a juicy political opportunity,” McConnell, said in a remarks from the floor on Monday. “This is a national emergency.” The deal would provide direct payments of up to $1,200 to most adults and expand unemployment insurance. It also includes a $367bn program for small businesses, to allow them to pay employees who have to stay home due to the coronavirus pandemic.

The Waffle House Index is an informal measure of disaster severity, because all its restaurants stay open every hour of every day. After floods, tornados and hurricanes, Waffle Houses are quick to reopen, even with a limited menu.

Read more …

Why those bailouts must fail.

Share Buybacks, $4.6 Trillion Driver of Stock Market Bubble, Are Toast (WS)

Share buybacks by companies in the S&P 500 Index in the fourth quarter 2019, before the Coronavirus was even a factor, fell 18% from a year earlier, to $181.6 billion, after falling 13% and 14% year-over-year in the prior two quarters, from the blistering tax-cut records set in 2018, according to S&P Dow Jones Indices today. For the full year, buybacks fell 9.6% from the tax-cut record in 2018, to $729 billion in 2019, the second highest annual total ever. Since the beginning of 2012, these companies have bought back $4.6 trillion with a T of their own shares. To provide a comparison of how big this T-number really is: It blows past the magnitude of Germany’s annual GDP.

Share buybacks were considered illegal market manipulation until 1982, when the SEC issued Rule 10b-18 which provided corporations a “safe harbor” to buy back their own shares. The only thing that share buybacks are supposed to accomplish is to manipulate up share prices. The four biggest US banks were among the 10 biggest share buyback queens in terms of the amount of capital they wasted on share buybacks in Q4 2019. Combined they incinerated $95 billion in capital last year, and $275 billion over the past five years (if your smartphone clips the 6-column table, slide the table to the left):

But now, Financial Crisis 2 has kicked in, and the share buybacks of these four banks along with the share buybacks of other banks have dropped to zero, along with many other companies that are now facing a liquidity crisis. The banks could have used those funds to shore up their capital, which would have been useful now as the bubbles in corporate debt and commercial real estate, that the Fed was so worried about, are coming unglued. But aside from generating fees for Wall Street, share buybacks do zero for the economy. What would have happened in the US economy if that $4.6 trillion in capital that companies incinerated by buying back their own shares since 2012 would have been invested in equipment, structures, expansion projects, and people, or would have been used to reduce debt so that companies, such as Boeing and the airlines, wouldn’t be in such a precarious situation today?

That capital that was incinerated by companies buying back their own shares would come in handy for companies that are now begging for and getting mega-bailouts from taxpayers and to an even larger extent from the Federal Reserve. “COVID-19 has significantly changed the 2020 landscape, as dividends are under pressure and buybacks appear to be gasping for air,” said the report by S&P Dow Jones Indices, adding that “buybacks must now compete with other corporate priorities as uncertainty over liquidity is at its highest since the 2008 financial crisis.” For Q2 2020, buybacks are “expected to be dismal,” and for the rest of the year, “buybacks may see a complete reversal of the 2018 buyback bonanza.” And the report by S&P Dow Jones Indices adds, even after the bottom is perceived to be in, “buybacks may be slow to come back” as companies, struggling for cash, limit spending amid potential government restrictions on buybacks and their dismal public image.

Read more …

New York City: “..56% of all the coronavirus cases in the United States, as well as 60% of all new cases..”

White House Tells New Yorkers Who Leave State To Self Quarantine (USAT)

Travelers leaving the New York metro area should self-quarantine for 14 days to make sure they aren’t passing on the coronavirus, a member of the White House Coronavirus Task Force said Tuesday. In making the recommendation, task force coordinator Deborah Birx said that the quarantine should apply even to those who aren’t showing symptoms. She said many travelers are headed to locations outside New York City, from Long Island to North Carolina or other states. Brix said 56% of all the coronavirus cases in the United States, as well as 60% of all new cases, are coming from the New York metro area. Greater New York City also accounts for 31% of deaths in the country.


The recommendation follows an order that took effect Tuesday by Florida Gov. Ron DeSantis requiring anyone flying to Florida from New York, New Jersey or Connecticut to self-isolate for 14 days upon arrival. Alaska and Hawaii are also requiring anyone arriving from other states to self-quarantine. Already, New Yorkers have been ordered to stay in their homes and the city has virtually shut down in an effort to quell spread of the virus.

Read more …

“..Our city will rise again..”

LA To Shut Off Water, Power For Non-Essential Businesses That Stay Open (GP)

Los Angeles Mayor Eric Garcetti has announced that the city will be shutting off water and power to any non-essential businesses that defied orders and stayed open during the coronavirus crisis. During his Tuesday press briefing Garcetti announced that the Department of Water and Power will be shutting off services for the businesses that don’t comply with the “safer at home” ordinance. “This behavior is irresponsible and selfish,” Garcetti said of businesses that remained open. KTLA reports that neighborhood prosecutors will implement safety measures and will contact the businesses before issuing further action, according to Garcetti.


“The easiest way to avoid a visit is to follow the rules,” he said. The mayor also noted that Los Angeles is “six to 12 days behind New York” for being hit with a wave of coronavirus cases. He said that he does not believe his city will be running as normal by Easter. “The peak is not here yet,” he said. “It will be bad.” The grimness of his press conference did not end there. He also warned residents to be “prepared for some of the darkness that is ahead.” “Each one of us can be a light. We can light a match of hope. We can navigate that tunnel with each other and not alone. And more importantly, what we do can ensure that more people exit that tunnel together… and that our city will rise again,” he added.

Read more …

Could become? It already is.

United States Could Become Coronavirus Epicenter – WHO (R.)

The United States has the potential to become the new epicenter of the coronavirus pandemic due to a “very large acceleration” in infections there, the World Health Organization said on Tuesday. The highly contagious respiratory virus has infected more than 42,000 people in the United States, prompting more governors to join states ordering Americans to stay at home. Over the past 24 hours, 85 percent of new cases worldwide were from Europe and the United States, WHO spokeswoman Margaret Harris told reporters. Of those, 40 percent were from the United States. Asked whether the United States could become the new epicenter, she said: “We are now seeing a very large acceleration in cases in the U.S. So it does have that potential. We cannot say that is the case yet but it does have that potential.”


“…They (the United States) have a very large outbreak and an outbreak that is increasing in intensity,” Harris added. However, she identified some positive signs such as more comprehensive testing, and further efforts to isolate the sick and trace their immediate contacts exposed to the virus. She also referred to “extremely heartwarming” stories of how Americans were helping each other during the crisis. [..] Harris said that new records were to be expected each day until new confinement measures begin to take effect. Up until now, Europe has been the center of transmission with Italy the most badly-hit country with the world’s highest number of deaths, although fatalities have begun slowing there. Asked about a potential tipping point in Italy, she said: “There is a glimmer of hope there. We’ve seen in the last two days fewer new cases and deaths in Italy but it’s very, very early days yet.”

Read more …

Every government asks every other government for help.

South Korea Says Trump Asked For Equipment To Fight Coronavirus (R.)

President Donald Trump asked South Korea to send medical equipment to the United States to fight the coronavirus, promising to help Korean companies gain U.S. government approval, South Korea’s presidential office said. South Korea’s President Moon Jae-in offered to send the equipment if his country has any spare, his Blue House office said in a statement late on Tuesday, after the 23 minute phone call, which it said was arranged at Trump’s urgent request. The request for help highlights the diverging paths the two countries took since both discovered their first coronavirus cases on the same day.


South Korea rolled out widespread testing within days, swiftly launching an aggressive program to isolate confirmed cases and trace their contacts. After a big early outbreak, it won praise for slowing the spread of the disease with comparatively little disruption and just 125 deaths, and has brought the number of new infections per day to below 100 for the past 13 straight days. The United States did little testing initially, and has now been shutting parts of the country en masse, with fast-growing outbreaks in a number of states and thousands of new cases per day. Moon told Trump that South Korea “will provide as much support as possible, if there is spare medical equipment in Korea”.

Read more …

The EU fails even where you think it wouldn’t be possible.

EU Left Italy Alone To Fight Coronavirus, Russia, China Didn’t – Ex-FM (RT)

The EU’s initial response to the massive outbreak of coronavirus in Italy was largely “inadequate,” and a lack of European solidarity opened the doors for Russia and China, former Italian Foreign Minister Franco Frattini told RT. The new epicenter of the dreaded pandemic, Italy, has been struggling to stop the spread of Covid-19 for weeks now. The disease has already killed more than six thousand people in the country, with over 60 thousand people infected. The EU clearly underestimated the virus, blaming the outbreak in Italy on its national healthcare system flaws, according to the two-time foreign minister and OSCE representative. As a result, Brussels, which preaches pan-European solidarity, failed to act when this solidarity was needed in the face of a crisis that eventually affected the entire bloc.

Frankly speaking, Brussels is not doing enough. At the very first moment, Italy was practically alone against the virus. Many said it was all because of the Italian habits, because Italians do not respect the rules. Suddenly, they realized all the other countries were equally affected. The situation in other major EU states like Germany and France deteriorated rapidly, forcing them to deal with thousands of infected on their own soil. “Everyone just focused on the situation at home before even thinking about helping others,” Andrea Giannotti, the executive director of the Italian Institute of Eurasian Studies, told RT. The lack of solidarity was recently noted from outside of the bloc – Serbian President Aleksandar Vucic decried European solidarity as a myth, while praising Beijing for its assistance. His remarks came after Serbia received five million masks from China, which it could not get in Europe.

The EU is now trying “to do more” and somehow “make up” for its initial poor execution of a coordinated response, former Italian MP Dario Rivolta said.

Read more …

Proper thing to do, but what about the refugees in Greece?

EU Shrugs Off US Sanctions, Gives Millions In Coronavirus Aid To Iran (ZH)

The White House has not backed off it’s ‘maximum pressure’ campaign on Iran even as the Islamic Republic’s Covid-19 cases and deaths continue to soar, approaching 25,000 confirmed cases Tuesday. Despite even close US ally Britain quietly signalling it’s had enough of Washington’s ill-timed pressures, Secretary of State Pompeo has upped the ante further, on Monday accusing the Iranian regime of everything from hoarding masks and equipment to intentionally spreading the deadly disease to at least five countries. But it appears Europe has finally begun to shirk US demands. On Monday EU foreign policy chief Joseph Borrell announced 20 million euros in new aid to Iran, and more crucially said the body will support Tehran’s request for IMF assistance.

“We’ve not been able to provide a lot of humanitarian help but there is some 20 million euros in the pipeline … that we expect to be delivered over the next weeks,” Borrell said in a video news conference Monday. “We also agree in supporting the request by Iran and also by Venezuela to the International Monetary Fund to have financial support,” he said further but without disclosing details. European officials consider the situation as urgent and see the US pressure campaign as greatly exacerbating the death toll given Iran lacks much of the basic medicines and equipment to treat at-risk patients and mitigate the outbreak. Recently Iranian health officials said shockingly that one person is dying from the virus every 10 minutes.

The pressure for some kind of dramatic blanket easing of US sanctions is only set to grow, given that last week Iran’s leaders for the first time in a half-century turned to the IMF. Bloomberg reported of the urgent IMF appeal: “Iranians say that their economy is weak and unable to cope with the humanitarian toll because of the U.S. sanctions. Last week, Iran turned to the International Monetary Fund for the first time since the 1960s for aid, though Ali Vaez, the Crisis Group’s Iran project director, said the U.S. may try to block the IMF loan in order to keep up the pressure on the regime.”

Read more …

They don’t care. They haven’t in 5 years.

EU Urged To Evacuate Asylum Seekers From Cramped Greek Camps (G.)

The European Union has been urged to evacuate asylum seekers from overcrowded camps on the Greek islands in order to save lives. The European parliament’s civil liberties, justice and home affairs committee has called for the evacuation of 42,000 people on the Greek islands as “an urgent preventive” measure to avoid “many deaths” from coronavirus. Holding facilities on all five Aegean isles opposite the Turkish coast are currently six times over capacity. The first case of Covid-19 on the islands was confirmed earlier this month when a Greek woman on Lesbos, the island long on the frontline of the refugee crisis, tested positive. A Greek man, recently returned from Thailand, was diagnosed with the virus on Monday, reinforcing fears of an outbreak in camps seen as especially high-risk environments .

MEPs fear that if the virus spreads it could become a public health emergency in the squalid camps, where thousands live in unsanitary conditions, often without electricity, heating or running water. “Many of those in the camps are already in precarious health situations due to the bad conditions in which they have lived for a long time,” states the letter from Juan Fernando López Aguilar, a Spanish socialist MEP, who chairs the committee. “There is no chance of isolation or social distancing, nor is it possible to ensure appropriate hygienic conditions,” he wrote. The letter adds that only six intensive care beds are available on Lesbos for residents and asylum seekers. The notorious Moria camp on Lesbos houses nearly 20,000 people in a space designed for 2,200.

[..] The MEPs want people over 60 with existing health conditions evacuated first, but do not spell out whether they should go to other EU member states or the Greek mainland. The European commission said it was working with Greece on an emergency response plan to deal with a potential outbreak of coronavirus on the islands. A commission spokesperson said Greek authorities were taking action to prevent the spread of the disease, with compulsory temperature testing of new arrivals to the camps, suspension of visits, regular cleaning of communal areas, and the setting up of quarantine and recovery areas. The spokesperson also referred to an ongoing push to encourage EU member states to give a home to unaccompanied children on the Greek islands. Seven countries pledged earlier this month to take in 1,600 children from the islands.

Read more …

“There is no time for pessimistic scenarios now..”?! Pray tell, when is that time?

Czech Borders May Remain Closed For Two Years, Says Top Official (ExpCZ)

Czech Crisis Staff head Roman Prymula told Czech Television today that border restrictions in the Czech Republic over the coronavirus situation may last up to two years, and largely depend on the management of the epidemic in other countries in Europe and across the globe, reports the Czech News Agency and Novinky.cz. While the situation in the Czech Republic is thought to improve from mid-April, estimates aren’t as optimistic for other countries in Europe. “The situation in other European countries will not be good,” Prymula told Czech Television. “There it will take months and long months.” According to Prymula, international travel will most likely be limited for the next year or two, and Czech residents should count on taking their summer holidays within the Czech Republic this year.

Prymula’s statements were supported by Czech Minister of Health Adam Vojtech. “The point is to avoid having a second or third wave of the epidemic, so that people from other countries such as Italy, France, Spain, Germany, do not begin to flow [into the Czech Republic],” he told Czech Television. “I do not want to provide false optimism, but I hope that it will be possible to keep the number to 10,000 [infected with coronavirus],” Prymula added. “We are able to operate effectively with up to 15,000 [cases].” [..] He further stated that if the number of infections does not exceed 8,500 by the end of March, it would be possible to ease the current restrictions on movement within the country during the following 10 days. This could theoretically take place place by the Easter holiday (April 12-13).

Prymula’s statement was “shocking”, said TOP 09 chairman Miroslav Kalousek. The statement has presented the urgent question of whether it was right that the emergency staff is headed by a person without political responsibility, Kalousek said. What was said is quite quite unfortunate, TOP 09 leader Marketa Adamova Pekarova said. There is no time for pessimistic scenarios now, she added.

Read more …

Turkey reported its first case only on March 11. It kept its soccer league going for much longer than others.

Turkey’s Coronavirus Situation Is Out Of Control – Health Experts (Ahval)

Health experts have warned that Turkey’s coronavirus situation is out of control and that deaths from the disease could soon be on a par with Italy or Spain, reported the Balkan Investigative Reporting Network on Tuesday. “The recent data on cases and death tolls shows that the situation is out of control in Turkey. If the necessary measures are not taken, Turkey will be like Italy or Spain, where the daily death toll is in the hundreds,” Emrah Altındis, a Turkish professor from Harvard University’s Medical Faculty, told BIRN. Turkey only reported its first coronavirus patient on March 11, but cases and deaths have rapidly risen since then.


The Turkish health minister confirmed on Tuesday seven more deaths due to the coronavirus and announced 343 new cases, raising the total number of cases in the country to 1,872. Turkey has halted incoming flights from dozens of countries and closed a wide range of non-essential businesses and venues, and announced a curfew on elderly and vulnerable citizens over the weekend, though it has refrained from enforcing a full lockdown. However, some medical experts have said that the measures are insufficient.

Read more …

“The first political suicide broadcast live on national radio and television..”

Bolsonaro Says He ‘Wouldn’t Feel Anything’ If Infected With COVID-19 (G.)

Brazil’s far-right president, Jair Bolsonaro, has claimed he “wouldn’t feel anything” if infected with coronavirus and rubbished efforts to contain the illness with large-scale quarantines as his country’s two biggest cities went into shutdown in a desperate bid to save lives. In a televised address to the nation on Tuesday night, Bolsonaro slammed what he branded the economically damaging “scorched earth” tactics being used to slow the advance of an illness that has now claimed about 15,000 lives around the world. “The virus has arrived and we are fighting it and soon it will pass,” claimed Bolsonaro, who is facing a growing backlash in Brazil for repeatedly dismissing coronavirus as a media “fantasy” and “trick”.

Bolsonaro’s incendiary remarks came as both Rio de Janeiro and São Paulo were placed under partial lockdown by municipal and state authorities who fear an explosion of cases in the coming days. João Doria, the governor of São Paulo, Brazil’s most economically important and populous state, has declared a 15-day quarantine period affecting about 46 million of Brazil’s 210 million citizens. Meanwhile Rio’s mayor, Marcello Crivella, has ordered an indefinite shutdown of that city’s commerce and schools with Rio’s state governor, Wilson Witzel, also introducing drastic measures to counter coronavirus.

But in his five-minute address – which sparked loud protests in both Rio and São Paulo – Bolsonaro railed against such steps and attacked the media for spreading a “feeling of dread” among the population by reporting on the death toll in Italy. “Our lives have to go on. Jobs must be kept … we must, yes, get back to normal,” Bolsonaro said as his government’s health officials announced that the number of deaths in Brazil had risen to 46 with more than 2,200 cases. “A small number of state and municipal authorities must abandon their scorched-earth ideas: the banning of public transport, the closing of commerce and mass confinement,” Bolsonaro said. “What is happening around the world has shown that the at-risk group are those over 60 years old. So why close schools? … Ninety per cent of us will show no sign [of infection] if we are infected.”

[..] “The first political suicide broadcast live on national radio and television,” tweeted Ricardo Noblat, a prominent Brazilian journalist. Brian Winter, the editor-in-chief of Americas Quarterly, tweeted: “Pray for Brazil.”

Read more …

But there are a lot of positive reports too.

Australian Doctors Warned Off After Prescribing Hydroxychloroquine (G.)

Australia’s drugs regulator has been forced to restrict powers to prescribe a drug undergoing clinical trials to treat Covid-19, because doctors have been inappropriately prescribing it to themselves and their family members despite its potentially deadly side-effects. The anti-malarial drug hydroxychloroquine and the similar compound chloroquine are currently used mostly for patients with autoimmune diseases such as rheumatoid arthritis, but stocks in Australia have been diminished thanks to global publicity – including from Donald Trump – about the potential of the drug to treat Covid-19.


Hydroxychloroquine and chloroquine have potentially severe and even deadly side effects if used inappropriately, including heart failure and toxicity. Some Australian media outlets have wrongly reported the drug as a “cure” for the virus even though trials have been either inconclusive or too small to be useful, have only been conducted in test tubes, are not yet complete, or have not even received ethics approval. Australia’s Therapeutic Goods Administration said it was concerned about shortages of the drug for people who need it following increased off-label prescribing as a result of the Covid-19 reports. As well as heart attacks the drug can lead to irreversible eye damage and severe depletion of blood sugar potentially leading to coma, the TGA warned.

Read more …

I think today’s the day for the request to free Assange.

Assange Lawyer Baltasar Garzon Hospitalized With Coronavirus (RT)

Famous Spanish jurist Baltasar Garzon has been admitted to a hospital in Madrid after testing positive for Covid-19. He has provided legal counsel to WikiLeaks publisher Julian Assange, among other things. Garzon, 64, was admitted to the Ruber clinic in Madrid on Tuesday, after five days of high fever at home. He tested positive for the coronavirus and was given the prognosis of respiratory failure, Spanish media reported. The former judge of the National Court had self-isolated at his home after complaining about a fever and chest pains, before the symptoms worsened.


Garzon became famous as a judge who cracked down on the Basque separatist organization ETA, and pursued human rights abuse charges against Spain’s Franco government, the Pinochet junta in Chile, and the Argentine military dictatorship. He has provided legal counsel to Assange since 2012, finding himself under considerable pressure at times – such as when masked raiders broke into his office in 2017. The second hardest-hit country in Europe by the Covid-19 outbreak, Spain is struggling with almost 40,000 reported cases, of which 2,700 have been fatal so far.

Read more …

Your good news for today.

Pablo Escobar’s ‘Cocaine Hippos’: Invasive Species Restore A Lost World (G.)

When the drug lord Pablo Escobar was shot dead in 1993, he left behind a zoo stocked with wild animals alongside his multibillion dollar cocaine empire. The lions, giraffes and other exotic species were moved from the luxurious Hacienda Nápoles estate east of Medellín to new homes, but nearly three decades later, dozens of hippos, descendants of animals left behind, are thriving in small lakes in northern Colombia, making them the world’s largest invasive animal. Now scientists say that contrary to the conventional wisdom that large invasive herbivore mammals have strictly negative effects on their new environments, Escobar’s “cocaine” hippos show how introduced species can restore a lost world.

A team of conservation biologists has compared the traits and impacts on the ecosystems from large invasive herbivore species like the Colombian hippo with their extinct counterparts from the Late Pleistocene (around 116,000-12,000 years ago) period like mammoths, giants sloths and giant wombats. They found some modern day invasive species restore parts of ecosystems not seen since before humans began driving the widespread extinctions of megafauna. Their new study, published in Proceedings of the National Academy of Sciences, found that some introduced herbivore species are an almost perfect ecological match for extinct species from the Late Pleistocene, such as modern day wild horses known as mustangs and the extinct pre-domestic horses in North America, while others bring back a mixture of traits.

“The feral hippos in South America are similar in diet and body size to extinct giant llamas, while a bizarre type of extinct mammal – a notoungulata – shares with hippos large size and semiaquatic habitats,” explained study co-author John Rowan, Darwin fellow in organismic and evolutionary biology at the University of Massachusetts Amherst. “So, while hippos don’t perfectly replace any one extinct species, they restore parts of important ecologies across several species.”


Toxodon-Notoungulata

By comparing ecological traits of herbivore species from before the Late Pleistocene extinctions to the present day, such as body size, diet and habitat, researchers were able to quantify the extent to which introduced species were more or less similar to extinct predecessors. The analysis found that by introducing large herbivore species across the world, humans had restored lost ecological traits to many ecosystems, thereby counteracting a legacy of extinctions and making the world more like the pre-extinction late Pleistocene.

Read more …

 

Someone asked if this was performance art, fair enough. I was wondering what would happen if Trump did this.

 

 

 

 

Support us in virustime. Help the Automatic Earth survive. It’s good for you.

 

Mar 042020
 


DPC North approach, Pedro Miguel Lock, Panama Canal 1915

 

 

 

WHO Raises Global Mortality Rate For COVID-19 Up To 3.4% (CNBC)
Maybe Jay Powell’s Not Cut Out For This Fed Chair Thing (Shazar)
Airlines Rush To Boost Demand As Coronavirus Shreds Crisis Playbooks (R.)
Market Mayhem Exposes Fears About Oil Companies (CNN)
China’s Funding Breakdown Emphasises Economic Imbalances (SCMP)
CIA Has Been Attacking Multiple Chinese Bodies For 11 Years (PDaily)
Court: Clinton Must Testify On Email Scandal (Turley)
Napolitano: Hillary Clinton Faces A Catch-22 Over Private Email Server (Fox)
The Establishment Struggles With The “Nightmare” Of Authenticity (Turley)
Russia Says Turkey Does Not Meet Terms Of Pact In Syria’s Idlib (R.)
Russia Says Turkey Trying To Push 130,000 Refugees From Syria Into Greece (R.)
EU Pledges €700 Million To Help Greece Fight Migrant Influx From Turkey (F24)
Planet Plastic (Rolling Stone)

The virus has been reported in 81 countries and counting (+ Diamond Princess).

First cases in last 48 hours:

– Chile
– Argentina
– Liechtenstein
– Ukraine
– Gibraltar
– Morocco
– Senegal
– Tunisia
– Latvia
– Jordan
– Andorra
– Portugal
– Indonesia
– Saudi Arabia

This is from Worldometer (I include them daily, see below), yesterday afternoon. They change to a “new day” at a for me odd time, which would make the numbers unclear. Check the huge increases in cases in Iran, Italy and South Korea -which added aother 435 cases today-. Also, WA state is a cluster. 9 deaths in no time. US cases up to 128 now. Virus may indeed, as has been suggested, have been around for 6 weeks.

 

 

• Germany reports 46 new cases
• Iran: 300,000 “volunteers” and soldiers, 54,000 prisoners out on bail
• Oregon officials warn up to 500 cases may be in state already
• Italy mulls cancelling all sporting events for a month

 

From SCMP:

 

 

From Worldometer (Note: mortality rate at 6%):

 

 

From COVID2019.app:

 

 

And of course there’s Joe Biden’s huge win. CNN and the Dems act as if they own the world and he’s about to beat Trump. Last night, CNN switched to one of their people in one of the Super Tuesday states, and he started off saying: “The Republicans are getting vey nervous…”

Why on earth would they, though? I’ve always maintained the Hunter affair makes him unfit, but there’s more. He’s a desperate choice by those who’ve held the reins in the party for decades. We’ll see stuff like this repeated 1000 times:

 

 

As we already saw yesterday, the mortality rate is very diffrent from one location to another. Much higher in the US and Italy than in South Korea?! Same virus?

WHO Raises Global Mortality Rate For COVID-19 Up To 3.4% (CNBC)

World health officials said Tuesday the mortality rate for COVID-19 is 3.4% globally, higher than previous estimates of about 2%. “Globally, about 3.4% of reported COVID-19 cases have died,” WHO Director-General Tedros Adhanom Ghebreyesus said during a press briefing at the agency’s headquarters in Geneva. In comparison, seasonal flu generally kills far fewer than 1% of those infected, he said. The World Health Organization had said last week that the mortality rate of COVID-19 can differ, ranging from 0.7% to up to 4%, depending on the quality of the health-care system where it’s treated. Early in the outbreak, scientists had concluded the death rate was around 2.3%.

During a press briefing Monday, WHO officials said they don’t know how COVID-19 behaves, saying it’s not like influenza. They added that while much is known about the seasonal flu, such as how it’s transmitted and what treatments work to suppress the disease, that same information is still in question when it comes to the coronavirus. “This is a unique virus, with unique features. This virus is not influenza,” Tedros said Monday. “We are in uncharted territory.” Dr. Mike Ryan, executive director of WHO’s health emergencies program, said Monday that the coronavirus isn’t transmitting the same exact way as the flu and health officials have been given a “glimmer, a chink of light” that the virus could be contained.


“Here we have a disease for which we have no vaccine, no treatment, we don’t fully understand transmission, we don’t fully understand case mortality, but what we have been genuinely heartened by is that unlike influenza, where countries have fought back, where they’ve put in place strong measures, we’ve remarkably seen that the virus is suppressed,” Ryan said.

 

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Unless you think his job is to transfer money to Fed member bannks.

Maybe Jay Powell’s Not Cut Out For This Fed Chair Thing (Shazar)

For 10 days, while the markets were cratering as if they themselves had contracted a very serious case of coronavirus, Fed officials made all of their Fed-y reassuring mouth sounds: We’re keeping an eye on things, we’ll do something if it’s warranted, but it’s not yet, so just calm down. And then the markets did, soaring yesterday and continuing that rise today. At least until, after watching everyone else—including the White House, which although it wants to make clear thinks this whole China-virus or whatever things is totally overblown and invented like climate change to hurt the Dear Leader, did think that Jay Powell & co. were doing their typically horrible job containing a thing that Larry Kudlow said was already contained and oh yea doesn’t exist anyway—overreact for a week and a half, the Fed decided it would like to go a little nuts itself.

“The Federal Reserve cut its benchmark rate by a half percentage point on Tuesday morning, delivering a booster shot to stem potential economic disruptions from the spreading coronavirus epidemic with its first between-meeting move since the financial crisis…. Fed Chairman Jerome Powell at a press conference following the rate cut said the central bank “judged that the risks to the U.S. outlook have changed materially” and that the Fed “can and will do our part, however, to keep the U.S. economy strong as we meet this challenge.” Well, if Powell’s goal was to get the panic-selling on Wall Street to resume, he did his usual heckuva job.

“Stocks initially shot higher, propelling the Dow Jones Industrial Average up more than 300 points. But within 15 minutes, stocks’ initial gains gave way to jerky up-and-down trading action—with the blue-chip average and Treasury yields falling to session lows after Fed Chair Jerome Powell acknowledged the limits of the central bank’s actions in a press conference…. The Dow fell 510 points, or 1.9%, to 26194, while the S&P 500 and Nasdaq Composite were down 1.7% and 1.6%, respectively. The yield on the 10-year U.S. Treasury note, a benchmark for everything from mortgage rates to student loans, slipped to 1.036%.”

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Much of that industry is set to go under.

Airlines Rush To Boost Demand As Coronavirus Shreds Crisis Playbooks (R.)

The rapid spread of coronavirus cases worldwide is complicating a standard strategy used by airlines when disease, disaster or conflict hit travel destinations: lower fares and redirect flights to trouble-free areas. For now, some airlines have resorted to suspending change fees for new ticket reservations in the hope of winning over hesitant travelers until it becomes clearer where coronavirus outbreaks are localized and which routes could benefit from price drops. While lower fares have proven effective in the past in reviving demand, aviation consultant Samuel Engel said, “The pocketbook only works so far against emotion.” The coronavirus, which emerged in the central Chinese city of Wuhan late last year, has spread around the world, with more new cases now appearing outside China than inside.

JetBlue Airways Corp, which does not fly to Asia, was the first airline to launch free rebooking options last week, as it became clear that cases were not isolated to China. JetBlue pulled together and announced its plan in a matter of hours, President Joanna Geraghty told Reuters. “We tried to put ourselves in the shoes of our customers and think about what we would want if we were, for example, booking a spring-break trip right now,” Geraghty said. U.S. majors have since followed suit with varying waivers on change fees for new reservations to many destinations, a switch from a previous policy that covered only pre-booked flights to areas hardest-hit by the coronavirus.

[..] with none of the offers so far guaranteeing money-back refunds, travelers say the policies are not enough. “I understand that there are a lot of question marks right now for the industry on how this will unfold, but I don’t feel like there’s a truly customer-friendly policy out here,” said Amanda Elman-Kolb of Chicago, who has put on hold plans for a family trip to Europe in August. Declining demand to fly abroad is not limited to U.S. travelers. International travel to the United States will fall 6% over the next three months amid coronavirus concerns, the largest decline since the 2007-2008 financial crisis, the U.S. Travel Association forecast on Tuesday.

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And then came cratering demand due to the virus… Putin’s said he’s fine with $40 oil. Few others are.

Market Mayhem Exposes Fears About Oil Companies (CNN)

Oil prices have plunged into yet another bear market in response to demand destruction caused by flight cancellations, factory shutdowns and slowdowns in passenger traffic. Natural gas is sitting near a four-year low. The commodities crash will intensify the financial stress facing oil and gas companies that have piled on debt to capitalize on the shale boom. Energy stocks, already the biggest losers of last decade, are getting crushed. ExxonMobil and Chevron, two giants built to withstand weak oil, have plunged more than 20% apiece this year. “It’s making an already bad situation worse,” said Spencer Cutter, credit analyst at Bloomberg Intelligence. The pain is more acute among independent exploration and production companies, some of which are highly leveraged.

Marathon Oil, Devon Energy and Noble Energy have all seen a third of their market values vanish this year. The turmoil has formed deep cracks in the junk bond market. Alarmingly, the gap between high-yield energy debt and ultra-safe government bonds has blown out to levels unseen since 2016, when oil prices crashed to $26 a barrel. The junk ratings for these energy companies aren’t new — only concerns about their financial health are. Cutter found that about one-third of the junk bonds in the Bloomberg/Barclays high-yield energy index are trading at distressed levels (roughly 10 percentage points above benchmark Treasuries, compared with just one percentage point for companies with strong credit ratings). That includes the bonds of companies including Chesapeake Energy, Whiting Petroleum, California Resources and Range Resources.

At those levels, highly leveraged oil and gas producers have effectively been locked out of the junk bond market. To raise cash, they will have to slash costs, sell assets, accept harsh borrowing terms from a hedge fund or seek a financial lifeline through a merger. Some debt-riddled oil companies won’t survive at all. “You could see a wave of bankruptcies,” said Cutter, the Bloomberg Intelligence analyst. The bill is coming due on a mountain of debt in the coming years. North American exploration and production companies have roughly $86 billion of debt maturing by 2024, according Moody’s Investors Services. More than half of those maturities, 62%, are in junk bonds.

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“After decades of pursuing balanced development nationwide, China now aims to concentrate resources on the best-performing provincial and municipal economies rather than pumping money into poor areas to help them catch up..”

China’s Funding Breakdown Emphasises Economic Imbalances (SCMP)

Cash from China’s financial system flowed mainly to the affluent Pearl River and Yangtze River Deltas in 2019, while funding for hard hit rust-belt provinces dried up, according to new figures published by its central bank. The figures offered fresh evidence of an increasing unequal financial landscape in the world’s second biggest economy. Rich areas continue to absorb more funds and talent to become richer, while poor areas lag behind. This imbalance presents a significant challenge for Beijing, as it attempts to navigate the wider issues that come with slowing economic growth.

Guangdong, the economic powerhouse adjoining Hong Kong, topped the list of provincial funding compiled by the People’s Bank of China, receiving 2.92 trillion yuan (US$417 billion) in the form of bank loans, bond issuance, and trust investments. This was 11.4 per cent of the national total. Guangdong accounts for 8.1 per cent of China’s population and 10.9 per cent of economic output. In second place was Jiangsu, China’s second largest provincial economy, which received 2.41 trillion yuan, followed by Zhejiang, another economic heavyweight, on 2.22 trillion. China’s capital of Beijing was the only northern region to feature high up in the rankings, absorbing 1.46 trillion yuan in financial flows. Hubei, meanwhile, the epicentre of the coronavirus, was in 10th position, with funding of 873.4 billion yuan (US$125 billion) last year.

Funding from China’s banking system, the bond market and even the shadow banking network is often key to regional economic growth. China’s southwesterly Yunnan province, for example, registered a nationwide high 8.1 per cent in gross domestic product growth. Over the same period, its fundraising rose by 43.5 per cent year-on-year to 492.6 billion yuan. [..] The disparity is also a product of a shift in policy by the Politburo, the 25-member decision-making body headed by President Xi Jinping, taken last summer. After decades of pursuing balanced development nationwide, China now aims to concentrate resources on the best-performing provincial and municipal economies rather than pumping money into poor areas to help them catch up.

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Is this a veiled attack on WikiLeaks?

CIA Has Been Attacking Multiple Chinese Bodies For 11 Years (PDaily)

A hacking group affiliated with the US Central Intelligence Agency (CIA) has been attacking multiple Chinese bodies for 11 years, a new report found. According to the report by Chinese tech giant 360 Security Technology released on Tuesday, the attack by the group, coded by 360 Security as APT-C-39, has conducted a series of attacks against China’s aviation industry, scientific research institutions, petroleum industry, large-scale internet companies, and government bodies for more than a decade. The report analyzed “Vault7,” a trove of documents on cyber weapons disclosed by WikiLeaks in 2017. The report said that the group started launching advanced persistent threat (APT) attacks against China as early as September 2008 and they mainly targeted provincial regions like Beijing, Guangdong, and Zhejiang.


The Chinese tech giant was able to make the link thanks to Joshua Adam Schulte, a former CIA employee who played a core role in developing many of the CIA’s hacking tools and cyberspace weapons and participated in the development of Vault 7. Schulte provided evidence to 360 Security Technology and the trove of documents, the authenticity of which was confirmed by US prosecutors, became key to confirming that APT-C-39 was affiliated with the CIA, the Global Times reported, It has been proven repeatedly that the United States has been conducting large-scale, organized, and indiscriminate cyber theft and surveillance activities against foreign governments, businesses, and individuals, China’s defense ministry spokesperson said at a press conference on Friday.

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“..she will not be able claim the privilege against self-incrimination on the original alleged offenses since the statute of limitations has passed.”

Court: Clinton Must Testify On Email Scandal (Turley)

In a remarkable turnaround, Hillary Clinton will have to testify after all on the email scandal. Clinton has never been subject to true examination on the issue under oath. Instead, she was allowed to meet with investigators shortly before being cleared during the Obama Administration. D.C. District Court Judge Royce C. Lamberth ruled that her prior answers were insufficient and cursory. One interesting twist is that she will not be able claim the privilege against self-incrimination on the original alleged offenses since the statute of limitations has passed. While she would have been unlikely to do so, she would have evoked on a crime that could be prosecuted.

Ironically, it will be the Trump Administration that will have to defend her in opposing such demands since they are handling the litigation as it relates to her prior public service as Secretary of State. This surprising order follows the disclosure by watchdog group Judicial Watch last December that the FBI released “approximately thirty previously undisclosed Clinton emails.” Judicial Watch has argued that the State Department “failed to fully explain” where they came from. Lamberth decided that Clinton has not answered the troubling questions related to her email system:

“As extensive as the existing record is, it does not sufficiently explain Secretary Clinton’s state of mind when she decided it would be an acceptable practice to set up and use a private server to conduct State Department business. The court believes those responses were either incomplete, unhelpful, or cursory at best. Simply put, her responses left many more questions than answers.” While I expect that Clinton will have a lot of “I do not recall” answers given the passage of time, such examinations come at a risk of false statements under oath. Moreover, Judicial Watch can refresh her money with documents.

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“..Hillary Clinton could potentially fight a ruling that she must sit for a sworn deposition before a federal judge, but she would have to ask Attorney General William Barr for help..”

Napolitano: Hillary Clinton Faces A Catch-22 Over Private Email Server (Fox)

Former Secretary of State Hillary Clinton could potentially fight a ruling that she must sit for a sworn deposition before a federal judge, but she would have to ask Attorney General William Barr for help, Fox News senior judicial analyst Judge Andrew Napolitano explained Tuesday. In an interview on “Fox & Friends,” Napolitano said that the former presidential candidate would have to ask Barr to file an appeal on her behalf because the Department of Justice (DOJ) lawyers would be representing her in the matter. [..] “Judicial Watch has been trying to get copies of these documents [under The Freedom of Information Act]. When they looked at the documents, some of which have been prepared by Mrs. Clinton, you heard what the judge said: the answers were deceptive, misleading, and generated more questions than they answered.


Therefore, he ordered her to be deposed.” “She has never been deposed under oath on this,” he continued. “She was interrogated, but not under oath, in a secret interrogation by the FBI three days before they exonerated her.” Additionally, he noted, this deposition will also be videotaped. “She can’t plead the fifth, right?” asked host Ainsley Earhardt. “She can’t plead the fifth because the statute of limitations to prosecute her for failure to safeguard state secrets has come and gone. She can’t be prosecuted for that,” he replied. “She could be prosecuted if she lies under oath in this deposition. She is represented in the deposition by lawyers form the Justice Department.” “The same Justice Department that would prosecute her if she lies under oath,” he added.

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Very true. No authenticity left in the DNC.

The Establishment Struggles With The “Nightmare” Of Authenticity (Turley)

Heading into Super Tuesday, the media appears at its collective wit’s end. After the victory of Joe Biden in South Carolina, many attempted to portray a new day until the they faced polls in the morning showing Bernie Sanders again surging in states from California to Texas to even Massachusetts (where Elizabeth Warren is struggling to win her own state). Described as the “nightmare scenario,” the media and political establishment in Washington is back to clutching its pearls and speaking of a convention strategy to block Sanders, including Warren whose campaign calls such a move the “final play.”

The continuing support win for Bernie Sanders has sent the D.C. political and media establishment into vapors. On the eve of Super Tuesday, Pete Buttigieg and Amy Klobuchar, Beto O’Rourke all lined up to endorse Joe Biden to try to stop the momentum for Sanders. Others are growing more and more shrill. Democratic strategist James Carville proclaimed the winner to be Valdimir Putin. His point was that both Sanders and Trump continue surging despite unrelenting attacks in the media. The fact is that many in Washington still cannot compute why so many voters will not listen to them about Sanders and Trump. The reason is that they are valued for the one thing that the establishment cannot offer: authenticity.

[..] Authenticity is a word rarely applied to Trump, but it remains his greatest selling point outside Washington. While rarely acknowledged, Trump has fulfilled many of his campaign promises with his push on immigration, the wall, taxes, Jerusalem, renegotiating NAFTA, dropping the Iran deal, rolling back regulations, opening areas like the artic to drilling, finishing the Keystone pipeline, gutting Obamacare and other promises. More importantly, he does not try to pretend what he is not: honest or moral. He openly talks about delivering wealth and having people vote their pocketbooks. He is the ultimate car salesman who you don’t trust but still want to get a good deal from.

Bernie Sanders is genuinely authentic. Indeed, Sanders seems immune from changes from clothing or political styles. There was never a popular time to be socialist but Sanders never budged. To the contrary, he praised Castro and spent his birthday in the Soviet Union during the cold war. He changes his positions at the speed of tectonic plate shifts. That is why you can hate socialism but love Sanders because you know (like Trump) exactly what you are getting. Elizabeth Warren in comparison was known as a pro-corporate, anti-consumer academic for much of her career before being a champion of the downtrodden.

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Russia comments from the sidelines for now. Why would it help Europe when the MH17 “trial” is to start next week?

Russia Says Turkey Does Not Meet Terms Of Pact In Syria’s Idlib (R.)

Russia accused Turkey on Wednesday of failing to meet its obligations under a pact to create a demilitarised zone in Syria’s Idlib province and of helping militants instead. The RIA news agency quoted a Russian defense ministry spokesman as saying “terrorist” fortifications had merged with Turkish outposts in Idlib, resulting in daily attacks on Russia’s Hmeimim air base in Syria. Turkey had amassed troop numbers in Idlib equal to a mechanised division, violating international law, the Russian spokesman said. The Russian accusation came on the eve of a Thursday meeting in Moscow between President Recep Tayyip Erdogan of Turkey and his Russian counterpart, Vladimir Putin. They are expected to try to de-escalate tensions that have brought Turkey and Russia dangerously close to direct military confrontation.

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No link to Idlib. Just human pawns.

Russia Says Turkey Trying To Push 130,000 Refugees From Syria Into Greece (R.)

Russia on Tuesday said that Turkey was trying to push 130,000 refugees from Syria into Greece, the Interfax news agency cited the Defense Ministry as saying. The two thirds of these refugees – that Turkey is pushing from temporary camps in Syria – are Afghans, Iraqis and Africans, not Syrians, it added.

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In case you didn’t get yet that in Brussels it’s all exclusively about money.

EU Pledges €700 Million To Help Greece Fight Migrant Influx From Turkey (F24)

European Commission President Ursula von der Leyen said the EU would provide Greece with “all the support needed” as it struggles with an influx of migrants allowed to cross from neighbouring Turkey after Turkish President Recep Tayyip Erdogan warned that “millions” of migrants would soon head for Europe. EU chiefs on Tuesday pledged millions of euros of financial assistance to Greece to help tackle the migration surge from neighbouring Turkey, warning against those wishing to “test Europe’s unity”. Flying by helicopter over the Greek-Turkish border, where thousands of desperate asylum-seekers have tried to break through for days, European Commission President Ursula von der Leyen said the bloc would provide Greece “all the support needed”.

“Those who seek to test Europe’s unity will be disappointed,” von der Leyen said, standing alongside Greek Prime Minister Kyriakos Mitsotakis and the chiefs of the European Council and European Parliament. “We will hold the line and our unity will prevail.” The European Commission president said the bloc would provide 700 million euros ($777 million), half of it immediately, to help manage the migrant situation. In addition, the EU border agency Frontex will deploy a rapid intervention team including an additional 100 guards backed by coastal patrol vessels, helicopters and vehicles, she said. “Our first priority is making sure that order is maintained at the Greek external border, which is also the European border,” von der Leyen told journalists.

“I am fully committed to mobilising all the necessary operational support to the Greek authorities,” she said, adding that Greece was acting as a “shield” for Europe.

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Hopeless?!

Planet Plastic (Rolling Stone)

More than half the plastic now on Earth has been created since 2002, and plastic pollution is on pace to double by 2030. At its root, the global plastics crisis is a product of our addiction to fossil fuels. The private profit and public harm of the oil industry is well understood: Oil is refined and distributed to consumers, who benefit from gasoline’s short, useful lifespan in a combustion engine, leaving behind atmospheric pollution for generations. But this same pattern — and this same tragedy of the commons — is playing out with another gift of the oil-and-gas giants, whose drilling draws up the petroleum precursors for plastics. These are refined in industrial complexes and manufactured into bottles, bags, containers, textiles, and toys for consumers who benefit from their transient use — before throwing them away.

“Plastics are just a way of making things out of fossil fuels,” says Jim Puckett, executive director of the Basel Action Network. BAN is devoted to enforcement of the Basel Convention, an international treaty that blocks the developed world from dumping hazardous wastes on the developing world, and was recently expanded, effective next year, to include plastics. For Americans who religiously sort their recycling, it’s upsetting to hear about plastic being lumped in with toxic waste. But the poisonous parallel is apt. When it comes to plastic, recycling is a misnomer. “They really sold people on the idea that plastics can be recycled because there’s a fraction of them that are,” says Puckett. “It’s fraudulent. When you drill down into plastics recycling, you realize it’s a myth.”

Since 1950, the world has created 6.3 trillion kilograms of plastic waste — and 91 percent has never been recycled even once, according to a landmark 2017 study published in the journal Science Advances. Unlike aluminum, which can be recycled again and again, plastic degrades in reprocessing, and is almost never recycled more than once. A plastic soda bottle, for example, might get downcycled into a carpet. Modern technology has hardly improved things: Of the 78 billion kilograms of plastic packaging materials produced in 2013, only 14 percent were even collected for recycling, and just two percent were effectively recycled to compete with virgin plastic. “Recycling delays, rather than avoids, final disposal,” the Science authors write. And most plastics persist for centuries.

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Feb 282020
 


Lewis Wickes Hine Gus Hodges, 11, instructs brother Julius 5. I found Gus selling as late as 9 pm, Norfolk VA 1911

 

England Only Has 15 Beds For Worst Respiratory Cases (G.)
Diagnosis Of Coronavirus Patient In California Was Delayed For Days (NPR)
The Last Time This Happened Was Days Before The Great Depression (ZH)
Whistleblower Claims ‘Corrupt Cover-Up’ Of Dangerous Coronavirus Quarantines (ZH)
Greece Reports 4 Coronavirus Cases, Cancels Carnival (K.)
Abe Urges Japan March School Shutdown To Stem Coronavirus (R.)
EU Experts: Closing Borders ‘Ineffective’ For Coronavirus (EUO)
Turkey Says Can’t Contain Europe-Bound Syrian Refugees Amid Idlib Battle (RT)
Idlib Attack That Killed 33 Turkish Soldiers Was ‘Also Against NATO’ (RT)
East Africa Faces New Locust Threat (R.)
Not Quack-Checked! MSM Dives For ‘Chinese Duck Army’ Story (RT)
How Gold Is Manipulated (Rickards)
Biden Treated Ukraine ‘As His Private Property’ – Ex-Prosecutor Shokin (RT)
Ethics Complaint Questions How Devin Nunes Pays For Lawsuits (Hill)
UK Mainstream Media Participate In Assange Crucifixion (Galloway)
Julian Assange Leaked US Files For Political Ends – Lawyers (G.)
Your Man in the Public Gallery – The Assange Hearing Day 3 (Craig Murray)

 

Cases 83,733 (+ 1,314 from yesterday’s 82,419).

Deaths 2,860 (+ 52 from yesterday’s 2,808)

 

• Holland (2), N-Ireland, New Zealand, Nigeria(!!), Lithuania first case
• Italy 653 cases, 17 deaths
• France 38 cases from 18 yesterday
• Germany 14 new cases, total 48
• Iran 245 confirmed cases, 26 deaths
• South Korea 256 new cases, total 2,337, over 1,000 new cases in 48 hours.
• China 327 new cases and 44 new deaths
– 180 million students homeschooled
• California 28 cases, monitoring 8400
• Greece 4 cases
• Starbucks says 85% of Chinese restaurants reopened
• Countries (Japan, UK) prepare to close down schools for months on end

From SCMP:

 

 

From Worldometer (Note: mortality rate down to 7%)

 

 

 

 

 

 

As I said yesterday: Coming to a town near you soon.

England Only Has 15 Beds For Worst Respiratory Cases (G.)

England only has 15 available beds for adults to treat the most severe respiratory failure and will struggle to cope if there are more than 28 patients who need them if the number of coronavirus cases rises, according to the government and NHS documents. Ministers have revealed in parliamentary answers that there are 15 available beds for adult extracorporeal membrane oxygenation (ECMO) treatment at five centres across England. The government said this could be increased in an emergency. There were 30 such beds in total available during the 2018-19 winter flu season. But an NHS England document prepared in November 2017 reveals the system will struggle to cope if more than 28 patients need the treatment, describing that situation as black/critical.

It suggests that if no beds are available “within the designated and surge capacity” in the UK, they might have to be sourced from other countries, for example, from the Karolinska Institute in Sweden. ECMO treatment is used in only the most severe cases of respiratory failure when other treatments are not working. It uses an artificial lung located outside the body to put oxygen into a patient’s blood and continuously pump this blood into and around their body. It has been used to treat Covid-19 cases in China, which is ordering more machines from Germany, according to state media.

In answer to a Labour MP’s question on Thursday about coronavirus preparedness, Jo Churchill, a health minister, said: “Since April 2013, NHS England has commissioned a total of 15 adult respiratory extra corporeal membrane oxygenation beds from five providers in England, with further provision in Scotland. In periods of high demand, capacity can be increased.” Jon Ashworth, the shadow health secretary, questioned the readiness of the NHS to deal with a sharp escalation of coronavirus cases after years of cutbacks. “After years of Tory austerity, we know we’ve lost well over 15,000 beds since 2010,” he said. “We know that last week critical care bed occupancy was running at over 80%…”

https://twitter.com/TVRav/status/1232985651831812096

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Curious: “..in some labs, the third step of that, they were having trouble with getting a quality control validation on that, so it led to inconclusive results,” Azar said. “We now, as of yesterday afternoon, the FDA authorized the use of those tests by using just the first and second step.”

Diagnosis Of Coronavirus Patient In California Was Delayed For Days (NPR)

The first suspected U.S. case of a patient getting the new coronavirus through “community spread” — with no history of travel to affected areas or exposure to someone known to have the COVID-19 illness — was left undiagnosed for days because a request for testing wasn’t initially granted, according to officials at UC Davis Medical Center in Sacramento, Calif. The patient in Northern California is now the 60th confirmed case of the coronavirus in the United States. The Centers for Disease Control and Prevention disclosed the latest case Wednesday evening, as President Trump assigned Vice President Pence to lead the administration’s response to the disease.

“This case was detected through the U.S. public health system — picked up by astute clinicians,” the CDC said in a brief statement about the new patient. UC Davis included more details about the case in its own statement, drawing on an email sent to staff at its medical center. It said the CDC initially ruled out a test for the coronavirus because the patient’s case didn’t match its criteria. “UC Davis Health does not control the testing process,” the hospital noted. The new patient, who lives in Solano County and has not been identified, was transferred to UC Davis Medical in Sacramento County from another hospital this month.

Staff at UC Davis then suspected the patient might be infected with the coronavirus that has caused more than 2,800 deaths. “Upon admission, our team asked public health officials if this case could be COVID-19,” the hospital said. “We requested COVID-19 testing by the CDC, since neither Sacramento County nor CDPH [California Department of Public Health] is doing testing for coronavirus at this time. Since the patient did not fit the existing CDC criteria for COVID-19, a test was not immediately administered. UC Davis Health does not control the testing process.”

[..] The CDC has completed more than 3,600 coronavirus tests, Azar said during a congressional budget hearing on Thursday. While he said it hasn’t had a testing “backlog,” he added that the agency’s test has three steps — and that the last step has posed some problems. “What we found was that in some labs, the third step of that, they were having trouble with getting a quality control validation on that, so it led to inconclusive results,” Azar said. “We now, as of yesterday afternoon, the FDA authorized the use of those tests by using just the first and second step.”

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The “markets” woke up 5-6 weeks late, but now they’re clued in

The Last Time This Happened Was Days Before The Great Depression (ZH)

The US equity market is suffering its worst start to a year since 2009…

In the space of just six days, we went from record high to a ‘correction’ (over 3,000 Dow points and down over 10.5%)…

What is most ominous is the fact that, as NatAlliance Securities reports, “This would be only the second time in history that this has happened. The other? 1928.”

In other words, the only other time the Dow Jones entered a correction this fast from an all time high was months before the start of the Great Depression.

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“..the coronavirus response [is] officially an election issue now…”

Whistleblower Claims ‘Corrupt Cover-Up’ Of Dangerous Coronavirus Quarantines (ZH)

A complaint filed with Health and Human Services (HHS) and promptly leaked to the New York Times alleges that federal health employees interacted with Americans quarantined for possible coronavirus exposure without proper medical training or protective gear, and that health agency leaders engaged in a ‘corrupt cover-up’ when staff members complained, according to the Times. Filed with the Office of the Special Counsel, a whistleblower described as a ‘senior leader’ at HHS said the team was “improperly deployed” to two California military bases to assist with processing American evacuees from coronavirus hot zones in China and elsewhere.

The staff members were sent to Travis Air Force Base and March Air Reserve Base and were ordered to enter quarantined areas, including a hangar where coronavirus evacuees were being received. They were not provided training in safety protocols until five days later, the person said. Without proper training or equipment, some of the exposed staff members moved freely around and off the bases, with at least one person staying in a nearby hotel and leaving California on a commercial flight. Many were unaware of the need to test their temperature three times a day. -New York Times

[..] The Times notes that the complaint comes right after President Trump began to downplay the risks of coronavirus on US soil “amid bipartisan concern about a sluggish and disjointed response by the administration to an illness that public health officials have said is likely to spread through the United States.” In other words, the coronavirus response officially an election issue now.

“The whistle-blower’s account raised questions about whether the Trump administration has taken adequate precautions in its handling of the virus to date, and whether Mr. Trump’s minimization of the risks has been mirrored by other top officials when confronted with potentially disturbing developments.” -New York Times

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Update just in from Reuters:

“Greek woman who recently returned home from northern Italy became Greece’s fourth coronavirus case and is being closely monitored, health authorities said on Friday. The 36-year-old woman has been admitted to a coronavirus isolation unit of the capital’s Attikon Hospital.”

Greece Reports 4 Coronavirus Cases, Cancels Carnival (K.)

Greece reported two new cases of coronavirus in the past 24 hours, bringing the total number of confirmed cases to three, and said it would suspend all carnival celebrations in the country. The health ministry said one of the cases involved a relative of a 38-year-old woman in the northern town of Thessaloniki who became the first confirmed case in Greece. The woman had recently returned from Milan in northern Italy, epicentre of the coronavirus outbreak in Europe. The third reported case, in Athens, was a female who had also visited northern Italy. Among events to be canceled is a carnival parade in the coastal city of Patra slated for March 1, authorities said.

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But the Olympics are on. When you close schools, hospitals close too, because that’s where the mothers work.

Abe Urges Japan March School Shutdown To Stem Coronavirus (R.)

Angry Japanese parents joined bewildered teachers and businesses on Friday in a rush to find new ways to live and work for a month after Prime Minister Shinzo Abe’s shock call for all schools to close in a bid to stop coronavirus spreading. Abe’s unprecedented move late on Thursday to ask local authorities to shut down their schools means students will be out of school from Monday at least until the new academic year starts in early April. Earlier this week the government urged that big gatherings and sports events be scrapped or curtailed for two weeks to contain the virus while pledging that the 2020 Summer Olympics will go ahead in Tokyo.

As of Friday, confirmed cases in Japan topped 200, with four deaths, excluding more than 700 cases and four more deaths from the quarantined cruise liner Diamond Princess. While the virus has hit China hardest so far, causing nearly 80,000 infections and almost 2,800 deaths, according to official Chinese figures, its rapid spread to a number of other countries around in the world in the past week has stoked fresh alarm. Abe’s move – issued as a formal request rather than an order – drew scathing criticism, with health officials left scratching their heads and analysts said the plan was politically motivated and made little sense.

“We’ll just have to get our revenge at the next elections,” @Ayu49Sweetfish tweeted, as working parents with young children were left wondering what to do for the duration. In the northern Hokkaido prefecture, which has seen the largest number of coronavirus cases in Japan, the governor had already announced a closure of all schools until March 4. That left one hospital closing doors to patients without reservations on Friday because about a fifth of its nurses were unable to work while their children were out of school.

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They’ll close their borders to refugees and migrants but not virus carriers. Wonder what happens when Turkey is forced to report corona cases.

EU Experts: Closing Borders ‘Ineffective’ For Coronavirus (EUO)

EU experts said on Thursday (27 February) that refusing entry to an EU country of people with coronavirus symptoms would be counter-productive and “ineffective” to prevent the spread of the virus. “Refusal of entry is not considered an appropriate preventive measure as the virus would spread further” since those potential patients would keep moving in the region without being treated, EU sources said. Instead, the experts advised having “systematic” checks for all those arriving, ensuring a coordinated approach between border guards and national authorities, as well as a real-time exchange of information. The principle of free movement of people in the EU was already in danger in 2015 when some member states introduced border check due to the migration crisis.


Today, six EU countries – Germany, France, Austria, Denmark, Sweden and Norway – still have temporary border controls to prevent irregular migrant flows. However, any member state can notify the EU authorities of the intention of closing borders temporary due to the coronavirus outbreak – a decision that can only be made by member states and that cannot be vetoed by the European Commission. None have yet done so. If national authorities decide to introduce this exceptional measure, it must be justified passing a “test of proportionality”. Additionally, the commission is working on a joint procurement to ensure there is enough protective and medical equipment for health-care workers – and other authorities like the army – over fears that the outbreak of the coronavirus could lead to a supply shortage in some member states. However, this joint initiative has not been launched yet but there is an “increasing interest” among member states to be part of it, EU sources told reporters in Brussels.

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Twitter: “Turkish coastguard not patrolling as before. They just approached a boat heading to Northern #Lesbos and then they left without intercepting” a local from Skala village just told me. It seems that #Turkey‘s government meant what they said.”

Turkey Says Can’t Contain Europe-Bound Syrian Refugees Amid Idlib Battle (RT)

Turkey is no longer able to contain millions of displaced Syrians and has reached “full capacity,” Ankara’s ruling AK party said in a fresh threat to open the floodgates into Europe as tensions over Idlib reach boiling point. With Ankara vowing to go “all in” to halt a Syrian Army offensive to retake Idlib province from rebel militias, AKP spokesman Omer Celik suggested Turkey would soon allow hundreds of thousands of Syrian refugees to pour into Europe, a threat repeatedly made by President Recep Tayyip Erdogan in the past. “Turkey can not bear the pressure of the new refugees, we now say that Turkey is at full capacity,” Celik told CNNTurk early on Friday.

While the spokesman noted Turkey’s refugee policy remains “the same,” he said “We are no longer in a position to hold refugees” amid an expected influx of newly displaced Syrians. An earlier report at Reuters cited an unnamed Turkish official who said much the same, although the official went further in stating that police, coast guard and border security officers had been ordered to “stand down” and allow the refugees to cross into Europe. Turkey and the European Union (EU) struck an agreement in 2016 in hopes of stemming the flow of refugees passing into Europe, with the EU providing some €6 billion ($6.6 billion) to help resettle the displaced people.

Erdogan, however, has slammed the multinational body time and again, insisting it has yet to hand over all of the promised aid. With at least 33 Turkish troops killed in the effort to stop Damascus’ offensive on Idlib – the last remaining militant stronghold, some of which are backed by Ankara – tensions between the two countries have reached new heights. Still engaged in intense skirmishes with militants in Idlib, the Syrian Army has signaled no intention of halting its advance, putting Damascus and Ankara on a collision course as the former fights to reclaim its territory.

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Western media are reluctant to mention Russia, they want the blame to be on Assad. Russia has said that Turkey is supporting terrorists in Syria.

Idlib Attack That Killed 33 Turkish Soldiers Was ‘Also Against NATO’ (RT)

The spokesman for Turkey’s ruling AK party has labelled the Syrian airstrike that allegedly claimed the lives of dozens of Turkish soldiers in rebel-held Idlib an attack on NATO, calling for the US-led alliance to intervene. “We call on NATO to [start] consultations. This is not [an attack] on Turkey only, it is an attack on the international community. A common reaction is needed. The attack was also against NATO,” AKP spokesman Omer Celik told Turkish media on Thursday. At least 33 Turkish soldiers are said to have been killed in Idlib, the last militant stronghold in Syria, in an airstrike Ankara blamed on Damascus. In the wake of initial reports that dozens of Turkish servicemen perished in the raid, Turkish President Receep Erdogan held a 6-hour marathon meeting that concluded early Friday.


The military bloc itself, while pledging support to its “ally Turkey,” has been wary of making any promises. Apparently shocked by reports of the Turkish casualties, US envoy to NATO Kay Bailey Hutchinson reportedly exclaimed “Oh my gosh” in response to the news when speaking to media late Thursday, but dodged the question of whether the US-led alliance would consider invoking Article 5 – which would pave the way for a collective military response to an armed attack on one of its members. However, she did not miss out on a chance to call on Turkey to tear up its deal to buy the Russian-made S-400 missile defense system, while also taking a jab at Moscow: “They see what Russia is, they see what they are doing now” – despite the fact that Ankara has not blamed Moscow for the attack.

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And Pakistan. Now add a coronavirus outbreak.

East Africa Faces New Locust Threat (R.)

Countries in East Africa are racing against time to prevent new swarms of locusts wreaking havoc with crops and livelihoods after the worst infestation in generations. A lack of expertise in controlling the pests is not their only problem: Kenya temporarily ran out of pesticides, Ethiopia needs more planes and Somalia and Yemen, torn by civil war, can’t guarantee exterminators’ safety. Locust swarms have been recorded in the region since biblical times, but unusual weather patterns exacerbated by climate change have created ideal conditions for insect numbers to surge, scientists say. Warmer seas are creating more rain, wakening dormant eggs, and cyclones that disperse the swarms are getting stronger and more frequent.


In Ethiopia the locusts have reached the fertile Rift Valley farmland and stripped grazing grounds in Kenya and Somalia. Swarms can travel up to 150 km (93 miles) a day and contain between 40-80 million locusts per square kilometer. If left unchecked, the number of locusts in East Africa could explode 400-fold by June. That would devastate harvests in a region with more than 19 million hungry people, the U.N. Food and Agriculture Organization (FAO) has warned. Uganda has deployed the military. Kenya has trained hundreds of youth cadets to spray. Lacking pesticides, some security forces in Somalia have shot anti-aircraft guns at swarms darkening the skies. Everyone is racing the rains expected in March: the next generation of larvae is already wriggling from the ground, just as farmers plant their seeds.

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Popular story though.

Not Quack-Checked! MSM Dives For ‘Chinese Duck Army’ Story (RT)

Western media have fallen hard for an apparently fake if adorable story about a 100,000-strong “duck army” China has supposedly marched to fight the billions of locusts currently laying waste to Pakistan’s food supply. Initially published by local Chinese outlet Ningbo Evening News, the clickbait-tastic story, complete with a video showing a herd of ducks supposedly marching in formation, proved impossible to resist – or to factcheck – and spread around the world by the time people started asking questions. Supposedly reputable outlets including the BBC, Bloomberg, and Time unquestioningly parroted the story about “special Chinese ducks” that would be “more effective than pesticide” – not to mention better for the environment – in taking on the ravenous swarms.

Citing Lu Lizhi, said to be a senior researcher with the Zhejiang Academy of Agricultural Sciences, the stories called the ducks a “biological weapon” and predicted they’d be unleashed against the hungry insects “as early as the second half of this year” following a test-run in China’s Xinjiang province. Alas, the story of locust-eating ducks fighting the devastating biblical plague has proved to be largely quackery, media that had covered it began realizing on Thursday. Unfortunately for Pakistan, which declared a national emergency earlier this month over the devastating infestation, an avian army is not waddling to their rescue, and even if they were, they wouldn’t do much good.

The Food and Agriculture Organization did the math and found an army of 100,000 ducks could only eat 20 million locusts in a day, while just one square kilometer of swarming locusts contains anywhere from 40 to 80 million of the insects. Also, swarms may stretch over hundreds of square kilometers, as they have in some locust-stricken areas of Africa.

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Markets are falling off a cliff, and gold hardly moves. That’s what manipulation looks like.

How Gold Is Manipulated (Rickards)

Currently the price of gold is set in two places. One is the London spot market, controlled by six big banks including Goldman Sachs and JPMorgan. The other is the New York gold futures market controlled by COMEX, which is governed by its big clearing members, also including major western banks. In effect, the big western banks have a monopoly on gold prices even if they do not have a monopoly on physical gold. The easiest way to perform paper manipulation is through COMEX futures. Rigging futures markets is child’s play. You just wait until a little bit before the close and put in a massive sell order. By doing this you scare the other side of the market into lowering their bid price; they back away.

That lower price then gets trumpeted around the world as the “price” of gold, discouraging investors and hurting sentiment. The price decline spooks hedge funds into dumping more gold as they hit “stop-loss” limits on their positions. A self-fulfilling momentum is established where selling begets more selling and the price spirals down for no particular reason except that someone wanted it that way. Eventually a bottom is established and buyers step in, but by then the damage is done. Futures have a huge amount of leverage that can easily reach 20 to 1. For $10 million of cash margin, I can sell $200 million of paper gold.

[..] Another way to manipulate the price is through gold leasing and “unallocated forwards.” “Unallocated” is one of those buzzwords in the gold market. When most large gold buyers want to buy physical gold, they’ll call JPMorgan Chase, HSBC, Citibank, or one of the large gold dealers. They’ll put in an order for, say, $5 million worth of gold. The bank will say fine, send us your money for the gold and we’ll offer you a written contract in a standard form. Yet if you read the contract, it says you own gold on an “unallocated” basis. That means you don’t have designated bars.

There’s no group of gold bars that have your name on them or specific gold bar serial numbers that are registered to you. In practice, unallocated gold allows the bank to sell the same physical gold ten times over to ten different buyers. It’s no different from any other kind of fractional reserve banking. Banks never have as much cash on hand as they do deposits. Every depositor in a bank thinks he can walk in and get cash whenever he wants, but every banker knows the bank doesn’t have that much cash. The bank puts the money out on loan or buys securities; banks are highly leveraged institutions.

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How long can Biden keep this documentary under wraps?

Biden Treated Ukraine ‘As His Private Property’ – Ex-Prosecutor Shokin (RT)

Former top Ukrainian prosecutor Viktor Shokin says he was pushed out under pressure from US Vice President Joe Biden, after he seized the assets of the oligarch behind Burisma, the gas company that employed Biden’s son. President Donald Trump’s efforts to investigate Biden’s role in getting Shokin fired served as a pretext for his impeachment in the House of Representatives back in December. However, after Trump was acquitted by the Senate, the US media forgot about Burisma — and Ukraine. French investigative journalist Olivier Berruyer, founder of popular anti-corruption and economics blog Les Crises, did not.

In the fourth installment of his documentary series ‘UkraineGate: Inconvenient facts,’ Shokin reveals why and how he was ousted and what role the US has played in Ukraine. Shokin tells Berruyer that Biden and the US government had approved his appointment as prosecutor-general — as, indeed, they did all major appointments in Ukraine since the 2014 Maidan upheaval? — and worked with him well until he started getting too close to Burisma. He rejected reports that described his probe as “dormant.” “Biden was acting on behalf of his own interests, and those of his family, and not in the interest of the American people,” Shokin said, adding that Barack Obama’s VP “believed that Ukraine was his private property, his fiefdom and that he could do whatever he wanted here.”

Within a few days of Shokin seizing the assets of Mykola Zlochevsky, the oligarch owner of Burisma, President Petro Poroshenko summoned him and told him to back off. “Don’t you understand what Biden wants from you? Why are you getting into this Burisma stuff again?” Shokin quoted Poroshenko as saying. Within a few weeks, he was replaced by someone Biden called “more solid” – Yuriy Lutsenko, who had no training in law, and whom Shokin describes as a traitor to Ukraine.

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Absolutely non-partisan.

Ethics Complaint Questions How Devin Nunes Pays For Lawsuits (Hill)

A nonpartisan watchdog group in an ethics complaint Wednesday asked Congress to investigate how Rep. Devin Nunes (R-Calif.) is paying for several ongoing lawsuits against critics. In its complaint to the Office of Congressional Ethics, the Campaign Legal Center notes Nunes’s annual congressional salary of $174,000 would likely not cover the costs of the various suits, indicating that he is either receiving free or discounted legal services or working on contingency with an attorney, all of which would require him to disclose the assistance. Nunes has yet to file a legal expense fund with the Office of Congressional Ethics. “Representative Nunes’s overt involvement with the highly-publicized lawsuits threatens to establish a precedent that the Legal Expense Fund regulations no longer apply to Members,” the complaint states. “Although Representative Nunes is entitled to legal representation and he may pursue any legal action to protect and defend his interests, he must comply with House rules,” it continued.


“An [Office of Congressional Ethics] investigation will preserve Representative Nunes’s legal right to counsel while upholding well-established House rules and precedent.” Defendants in Nunes’s lawsuits include Twitter, CNN, McClatchy and two anonymous Twitter accounts that have mocked him. The complaint also claims that even if Nunes was paying Virginia attorney Steven Biss based on contingency — meaning that should Nunes win his cases, Biss would get paid by taking a percentage the resulting award — Biss has also sent two letters demanding apologies for criticisms from Rep. Ted Lieu (D-Calif.) and Nunes’s 2017 opponent Andrew Janz. “Mr. Biss sent a letter to Representative Lieu threatening to bring an ethics complaint against him,” the complaint reads. “An ethics complaint will not result in a monetary award that could support payment under a contingency fee agreement.”

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“..the arrow that flies in the night..”

UK Mainstream Media Participate In Assange Crucifixion (Galloway)

The vast majority of the Fourth Estate in Britain either care nothing for the plight of Julian Assange, or are actively participating in his crucifixion. On the face of it, that makes no sense. If it were the intention of these journalists to actually be worthy of that name, then the proceedings in Belmarsh would be the biggest story in their world. The law being tested in the Woolwich Crown Fort would be a mortal danger to them, a dagger at their throat, a sword of Damocles hanging over their head. The prosecution made perfectly clear that the mere possession by a newspaper or a broadcaster of the foreign state secrets published by Assange would itself be a crime under the US Espionage Act, and thus they themselves open to an extradition request from a foreign state.


Though this statement was made in “open court,” virtually no msm journalist even reported it, never mind condemned it. How has this situation come about? Whatever happened to Woodward and Bernstein, to the Sunday Times devastating campaign against the Thalidomide scandal, the New York Times revelations of the Pentagon Papers? Where is the reporting about My Lai? The answer lies in the words of Francis Bacon four centuries ago, when he foretold of the impact of self-censorship: “the arrow that flies in the night” he called it. You don’t see it but it kills its quarry just the same. If Julian Assange is sent into the dungeons of America, free journalism, free speech and even democracy itself will have been murdered in plain sight. On the British mainstream media watch.

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“Fitzgerald responded that Assange didn’t only seek to change US government policy, but that he succeeded.”

Julian Assange Leaked US Files For Political Ends – Lawyers (G.)

Julian Assange’s legal team has rejected a suggestion by lawyers for US authorities that his actions were not “political offences”, arguing that the WikiLeaks founder had published classified documents to highlight human rights abuses. On the fourth day of Assange’s extradition hearing in London, before proceedings were adjourned until May, his barrister, Edward Fitzgerald QC, said the motives for publishing confidential information about Guantánamo Bay and the actions of the US military in Iraq and Afghanistan were political. Assange faces 18 charges in the US of attempted hacking and breaches of the Espionage Act over the publication of classified US cables a decade ago.

His defence argues that he should be protected from extradition because the US-UK treaty rules it out for political offences. James Lewis QC, a barrister for the US authorities, argued earlier on Thursday that Assange’s actions were not inherently political as they did not have the direct purpose of overthrowing the US government or changing US government policy. “Any bare assertion that WikiLeaks was engaged in a struggle with the US government … needs to be examined far more,” he told Woolwich crown court. Fitzgerald responded that Assange didn’t only seek to change US government policy, but that he succeeded. “WikiLeaks didn’t just seek to induce change, it did induce change,” he said, referring to the withdrawal of US troops from Iraq.

“What other purpose can there be publishing the Apache helicopter strike [video, showing the killing of 12 people] and [US] rules of engagement than to show that the war was being waged in a way that conflicted with fundamental human rights? “What other point can there be to releasing the Guantánamo Bay files than to induce a government change of policy? And the same for revealing civilian deaths in the Iraq war – [it] was to induce a change in government policy.’’

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Murray in court.

Your Man in the Public Gallery – The Assange Hearing Day 3 (Craig Murray)

Edward Fitzgerald made a formal application for Julian to be allowed to sit beside his lawyers in the court. Julian was “a gentle, intellectual man” and not a terrorist. Baraitser replied that releasing Assange from the dock into the body of the court would mean he was released from custody. To achieve that would require an application for bail. Again, the prosecution counsel James Lewis intervened on the side of the defence to try to make Julian’s treatment less extreme. He was not, he suggested diffidently, quite sure that it was correct that it required bail for Julian to be in the body of the court, or that being in the body of the court accompanied by security officers meant that a prisoner was no longer in custody.

Prisoners, even the most dangerous of terrorists, gave evidence from the witness box in the body of the court nest to the lawyers and magistrate. In the High Court prisoners frequently sat with their lawyers in extradition hearings, in extreme cases of violent criminals handcuffed to a security officer. Baraitser replied that Assange might pose a danger to the public. It was a question of health and safety. How did Fitzgerald and Lewis think that she had the ability to carry out the necessary risk assessment? It would have to be up to Group 4 to decide if this was possible. Yes, she really did say that. Group 4 would have to decide.

Baraitser started to throw out jargon like a Dalek when it spins out of control. “Risk assessment” and “health and safety” featured a lot. She started to resemble something worse than a Dalek, a particularly stupid local government officer of a very low grade. “No jurisdiction” – “Up to Group 4”. Recovering slightly, she stated firmly that delivery to custody can only mean delivery to the dock of the court, nowhere else in the room. If the defence wanted him in the courtroom where he could hear proceedings better, they could only apply for bail and his release from custody in general. She then peered at both barristers in the hope this would have sat them down, but both were still on their feet.

In his diffident manner (which I confess is growing on me) Lewis said “the prosecution is neutral on this request, of course but, err, I really don’t think that’s right”. He looked at her like a kindly uncle whose favourite niece has just started drinking tequila from the bottle at a family party. Baraitser concluded the matter by stating that the Defence should submit written arguments by 10am tomorrow on this point, and she would then hold a separate hearing into the question of Julian’s position in the court.

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From Greece.

 

 

 

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Dec 062019
 
 December 6, 2019  Posted by at 10:16 am Finance Tagged with: , , , , , , , , , , , , ,  5 Responses »


Arthur Rothstein President Roosevelt tours drought area, near Bismarck, North Dakota Aug 1936

 

Mueller Report’s Resurgence Gives Democrats New Dilemma On Impeachment (CNN)
Democrats Offering Passion Over Proof In Trump Impeachment (Turley)
Pelosi Pursues Articles Of Impeachment Against Trump (R.)
Ukraine Fires Prosecutor Investigating Burisma And Hunter Biden (CDMedia)
Fed Goes Hog-Wild with T-Bills, But Repos Drop and MBS Shrink by $22 Bn (WS)
Filmmakers Sue To Shield Visitors To US From Social Media Vetting (IC)
French Strike Against Macron Reforms Enters Day Two (R.)
UK’s Labour Accuses BBC Of Bias In Election Coverage (R.)
Andrew Neil Tells Johnson “It’s Not Too Late” For Election Interview (BBC)
Leak Confirms Turkey’s “Gold-For-Gas” Scheme To Evade US Sanctions On Iran (ZH)
BPA Chemical Levels In Humans Drastically Underestimated (G.)

 

 

There’s a concerted effort to bring back Mueller into the impeachment narrative. I’m not entirely sure why the Dems would want that. A little video with the article suggests Trump would have lied to Mueller -in writing- about contacts with WikiLeaks. You know, Julian Assange, the man who can’t defend himself. The same reason why Mueller could leave him in the report. Along with the 13 Russians. Pelosi can swing from Ukraine back to RussiaRussia. She already did, actually.

So will they bring back Mueller’s bumbling testimony as well? Be careful what you wish for.

Mueller Report’s Resurgence Gives Democrats New Dilemma On Impeachment (CNN)

Democrats are debating a risky step that may immeasurably bolster their impeachment case but could multiply the political price for ramming it home. Including elements of former special counsel Robert Mueller’s Russia report suggesting President Donald Trump was guilty of obstruction would help arguments he did exactly the same in the Ukraine investigation. But reviving the controversy over the special counsel’s probe could blur the much clearer current abuse of power case and play into Trump’s claims that both Washington intrigues are all part of the same “hoax.” Such an accusation would not be based in fact, but it would surely increase the exposure of swing state Democratic House members already facing an existential vote over impeachment. [..]

Democrats provoked fresh speculation that they were moving towards admitting some Mueller evidence by scheduling a Judiciary Committee hearing for Monday with staffers from two committees: Intelligence, which investigated the Ukraine scandal, and Judiciary, which dealt with allegations of obstruction in the Mueller report. This followed comments by House Judiciary Committee Chairman Jerry Nadler, a New York Democrat, that could be taken as a hint that Democrats were examining the Mueller option. “President Trump welcomed foreign interference in the 2016 election. He demanded it for the 2020 election,” Nadler said in his committee’s opening impeachment hearing on Wednesday. “In both cases, he got caught. And in both cases, he did everything in his power to prevent the American people from learning the truth about his conduct.”

But in a situation as emotionally and politically fraught as an impeachment, confronting each action can provoke a politically damaging counter-reaction. Democrats who wanted to initiate impeachment proceedings against Trump after the release of the Mueller report failed to convince a critical mass of their own leadership that the case was sufficiently clear to the American people. That was one reason why Pelosi held out so long against rising pressure in her own caucus for an effort to oust the President, amid fears of a political backlash. In the CNN town hall, the speaker suggested that the Ukraine case was far more black and white. “It wasn’t so clear to the public,” Pelosi said, referring to Mueller’s findings.

“The Ukraine (situation) has removed all doubt, it was self-evident that the President undermined our national security, jeopardized the integrity of our election as he violated the oath of office.” The President and his supporters, perpetrating a massive disinformation campaign to create uncertainty and ambiguity about the Ukraine case, has been trying to brand it as an extension of the Mueller saga. Folding in the special counsel’s evidence could help do his work for him. For instance, in the first televised House Intelligence Committee hearing last month, the panel’s top Republican, Rep. Devin Nunes, told witnesses: “the main performance — the Russia hoax — has ended, and you’ve been cast in the low-rent Ukrainian sequel.”

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Turley of course is the one expert who disagreed with the three others.

Democrats Offering Passion Over Proof In Trump Impeachment (Turley)

The most dangerous place for an academic is often between the House and the impeachment of an American president. I knew that going into the first hearing of the House Judiciary Committee on the impeachment of Donald Trump. After all, Alexander Hamilton that impeachment would often occur in an environment of “agitated passions.” Yet I remained a tad naive in hoping that an academic discussion on the history and standards of it might offer a brief hiatus from hateful rhetoric on both sides. In my testimony Wednesday, I lamented that, as in the impeachment of President Clinton from 1998 to 1999, there is an intense “rancor and rage” and “stifling intolerance” that blinds people to opposing views.

My call for greater civility and dialogue may have been the least successful argument I made to the committee. Before I finished my testimony, my home and office were inundated with threatening messages and demands that I be fired from George Washington University for arguing that, while a case for impeachment can be made, it has not been made on this record. Some of the most heated attacks came from Democratic members of the House Judiciary Committee. [..] As I stated Wednesday, I believe the Clinton case is relevant today and my position remains the same. I do not believe a crime has been proven over the Ukraine controversy, though I said such crimes might be proven with a more thorough investigation. Instead, Democrats have argued that they do not actually have to prove the elements of crimes such as bribery and extortion to use those in drafting articles of impeachment.

In the Clinton impeachment, the crime was clearly established and widely recognized. As I said 21 years ago, a president can still be impeached for abuse of power without a crime, and that includes Trump. But that makes it more important to complete and strengthen the record of such an offense, as well as other possible offenses. I remain concerned that we are lowering impeachment standards to fit a paucity of evidence and an abundance of anger. Trump will not be our last president. What we leave in the wake of this scandal will shape our democracy for generations to come. These “agitated passions” will not be a substitute for proof in an impeachment. We currently have too much of the former and too little of the latter.

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More Mueller.

Pelosi Pursues Articles Of Impeachment Against Trump (R.)

Warning that U.S. democracy is at stake, House of Representatives Speaker Nancy Pelosi directed a congressional committee on Thursday to draft articles of impeachment against President Donald Trump, a historic step setting up a fight over whether to oust him from office. In a dramatic televised statement, Pelosi accused the Republican president of abusing his power and alluded to Britain’s King George III, the monarch against whom the American colonies rebelled in forming the United States in 1776, saying that in the United States, “the people are the king.” “Our democracy is what is at stake. The president leaves us no choice but to act because he is trying to corrupt, once again, the election for his own benefit. The president has engaged in abuse of power, undermining our national security and jeopardizing the integrity of our elections,” said Pelosi, the top Democrat in Congress.

At the heart of the Democratic-led House’s impeachment inquiry is Trump’s request that Ukraine launch an investigation targeting Joe Biden. The former vice president is a top contender for the Democratic nomination to face Trump in the 2020 presidential election. “Sadly, but with confidence and humility, with allegiance to our founders and our heart full of love for America, today I am asking our chairman to proceed with articles of impeachment,” Pelosi said. She had opened the investigation in September. She was referring to Jerrold Nadler, whose House Judiciary Committee has the responsibility of drawing up the formal charges that would later be voted on by the full House. Two people knowledgeable about the process said the panel could draft and recommend the articles of impeachment to the House as early as Dec. 12.

[..] Judiciary Democrats said the report by former Special Counsel Robert Mueller documenting Russian interference in the 2016 election could be part of testimony they hear on Monday from a committee lawyer, who is presenting evidence along with a Democratic lawyer from the House Intelligence Committee. Republican committee lawyers are also expected to testify. Including material from Mueller’s report in an article of impeachment would demonstrate a pattern of behavior involving foreign interference in U.S. elections, House Judiciary Democrat Pramila Jayapal said.

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Talk about a swamp. Giuliani is talking to Ukraine people. Not sure where that fits in.

Ukraine Fires Prosecutor Investigating Burisma And Hunter Biden (CDMedia)

Ukraine has fired the prosecutor investigating cases involving Hunter Biden and Burisma and has transferred responsibility to the Soros-controlled ‘National Anti-Corruption Bureau’ (NABU) for disposal. This is the same NABU led by Artem Sytnyk who was caught on tape bragging about helping the Clinton campaign in its effort to discredit Donald Trump during the 2016 election. Konstantin Kulik was fired from the General Prosecutor’s Office on November 22 due to corruption charges against him. Sources for CD Media describe the firing as being political in nature, as a way to ‘tidy up’ any loose ends regarding Biden and Burisma, to keep the information from the public eye during the ‘impeachment’ campaign in the United States.

They describe Victor Trepak (New Deputy General Prosecutor), Deputy Prosecutor General Vitaly Kasko, and Sytnyk as being under the control of the George Soros/Deep State infrastructure in-country. Trepak was involved in the infamous ‘black ledger’ in the Manafort affair, which is now considered to be fake. The State Bureau of Investigation may be headed by Deputy Prosecutor General Viktor Trepak it was reported by “Ukrainian Truth” with reference to sources, reported Ukrainian news outlet GordonUA.com. “Soros and the Democrats appointed their agents of influence to the General Prosecutor’s Office (Kasko and Trepak). They put Sytnyk in NABU and Kholodnitsky in SAP (Special Prosecutor) in order to destroy the evidence of corruption of the Democrats in Ukraine and to continue the process of the country’s rape with impunity. They are corruption. If they put Trepak, the author of the ‘black ledger’, as the head of the State Bureau of Investigation, then the process of covering up their crimes will be completed,” declared a confidential intelligence source in Ukraine.

In an interview with the Ukrainian news outlet Babel, Kasko discusses the development of Kulik’s firing. According to him, the National Bureau of Investigation will deal with almost all of the cases that Kulik conducted: “All the cases that Kulik was involved in are currently being inventory. In 99 percent of cases, NABU will deal with them. This is a good body to put an end to and clarify what actually happened in these matters. “

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End the Fed.

Fed Goes Hog-Wild with T-Bills, But Repos Drop and MBS Shrink by $22 Bn (WS)

The total amount of repurchase agreements (“repos”) on the Fed’s balance sheet as of December 4, released today, declined to $209 billion, from $215 billion a month ago. These repos included: • $70 billion in overnight repos, issued on Wednesday morning that unwound today; all prior overnight repos had already unwound. • $88 billion in multi-day repos with maturities of up to two weeks; • $50 billion in 42-day repos; of which $25 billion were issued on November 25 and $25 billion on December 2. They will unwind early next year. Before the repo market blew out in mid-September, the repos on the Fed’s balance sheet were zero. This chart shows the weekly balances of repos on the Fed’s balance sheet as of each Wednesday:

In these “repo operations,” the Fed buys Treasury securities, mortgage-backed securities issued by Fannie Mae and Freddie Mac, and government “Agency” securities, under an agreement whereby the counter parties have to repurchase those securities on a set date at a set (higher) price. The interest rate is determined by the difference between the price the Fed buys the securities at, and the pre-set higher price it sells the securities back to the original counter party. [..] The Fed has stated many times that it wants to get rid of its holdings of MBS. And it’s progressing with the plan. In November, the Fed shed $22 billion in MBS, exceeding the self-imposed cap of $20 billion per month for the seventh month in a row. Over the past seven months, it has shed $160 billion in MBS, or about $22.8 billion a month on average. Its holdings are now down to $1.42 trillion, below where they had first been in November 2013:

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Big Brother appears inevitable.

Filmmakers Sue To Shield Visitors To US From Social Media Vetting (IC)

A filmmaker working on a documentary that’s critical of U.S. policies. A writer who operates a pseudonymous Twitter account to evade an authoritarian regime in their home country. An activist who uses Facebook to organize protests at the U.S.-Mexico border. These are the kinds of people who might not want U.S. immigration agents poring over their social media profiles before deciding whether they should be allowed into the country. Yet that’s exactly what the State Department now requires as part of the Trump administration’s “extreme vetting” of millions of visa applicants. As of May, people who need a visa to enter the U.S. have to disclose any social media handles they’ve used over the past five years on 20 platforms, from Instagram and Twitter to YouTube and Weibo (the Chinese microblogging service).


If they don’t, their visas could be denied. Two U.S.-based documentary film organizations filed suit on Thursday in federal court in Washington, D.C. to challenge the policy, arguing that it will have a chilling effect on the filmmakers they work with. Along with the Knight First Amendment Institute at Columbia University and the Brennan Center for Justice at New York University Law School, the International Documentary Association and Doc Society are suing the State Department and the Department of Homeland Security because their international members are “concerned that their political views will be used against them during the visa process.” “They self-censor to avoid being associated with controversial ideas or sensitive topics,” the complaint states. The nonprofit groups surveyed over 100 international filmmakers and found that “a significant majority said it would chill their speech online.”

Read more …

“We’re going to protest for a week at least, and at the end of that week it’s the government that’s going to back down…”

French Strike Against Macron Reforms Enters Day Two (R.)

France faced a second day of travel chaos, shuttered schools and understaffed hospitals on Friday as unions said they would be no let-up in a strike against Emmanuel Macron’s pension reforms until the president backed down. Much of France ground to a halt on Thursday as transport workers went on strike – joined by teachers, doctors, police, firemen and civil servants – while smoke and tear gas swirled through the streets of Paris as some protests turned violent, leading to dozens of arrests. On Friday there were heavy cancellations of rush-hour trains into Paris and 10 out of 16 metro lines were closed while others ran limited services.


Traffic jams totaling more than 350 kilometers clogged the main roads in and around the capital, according to traffic app Styadin, as many commuters took to their cars. Rail workers extended their strike through Friday, while unions at the Paris bus and metro operator RATP said their walkout would continue until Monday. “We’re going to protest for a week at least, and at the end of that week it’s the government that’s going to back down,” said 50-year-old Paris transport employee Patrick Dos Santos. The strike pits Macron, a 41-year-old former investment banker who took office in 2017 on a promise to open up France’s highly regulated economy, against powerful unions who say he is set on dismantling worker protections.

Read more …

With 6 days left, what’s the use?

UK’s Labour Accuses BBC Of Bias In Election Coverage (R.)

Labour’s co-campaign coordinator Andrew Gwynne said they had recorded numerous examples where his party’s leadership had received “more negative treatment, harsher scrutiny and slanted editorial comment” than Prime Minister Boris Johnson’s Conservatives. “That bias has been reflected in the framing, content and balance of BBC reporting during the campaign,” Gwynne wrote in a letter to the BBC’s Director General Tony Hall. “If the Conservatives are allowed to ‘play’ or manipulate the BBC, and this behavior goes unchecked, then the corporation will have effectively been complicit in giving the Conservative Party an unfair electoral advantage.”

The broadcaster, which is funded by a tax on all television-watching households and regularly faces accusations of bias from across the political spectrum, is bound by strict rules to ensure impartiality. “The BBC will continue to make its own independent editorial decisions, and is committed to reporting the election campaign fairly, impartially and without fear or favor,” a BBC spokesman said. Labour, trailing the Conservatives by about 10 points in opinion polls before the Dec. 12 vote, are particularly unhappy that Johnson has not agreed to be interviewed by veteran journalist Andrew Neil, who has already subjected the other major party leaders to tough questioning.

Labour said they had agreed to the Neil interview on the understanding that Johnson had also signed up. “Instead, the BBC allowed the Conservative leader to pick and choose a platform through which he believed he could present himself more favorably and without the same degree of accountability,” Gwynne said. On Thursday, having just interviewed the head of the Brexit Party Nigel Farage on BBC TV at prime-time, Neil issued an on-air challenge to Johnson to appear before him. He also detailed a series of questions he would ask, focusing on whether Johnson could be trusted over campaign promises.

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Ready for prime time TV. If Boris is MIA, just broadcast this.

Andrew Neil Tells Johnson “It’s Not Too Late” For Election Interview (BBC)

The BBC’s Andrew Neil says he wants to quiz Boris Johnson about whether he can be trusted. The Conservative leader is – so far – the only main party leader not to submit to an election grilling on BBC One.

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Great story. Who has the movie rights?

Leak Confirms Turkey’s “Gold-For-Gas” Scheme To Evade US Sanctions On Iran (ZH)

We first started noticing major ‘odd’ exports of gold from Turkey to Iran in May 2012. Turkey’s trade balance fluctuated wildly as gold stocks flowed out of the country in bursts. “Turkey’s going to continue it,” the Turkish economy minister said. “If those casting aspersions on the gold trade are searching for immorality, they should take a look in the mirror.” Then, in 2014, we discussed Turkey’s “200 tons of secret gold” trade with Iran detailing how a complex network that spanned Turkey, China, Dubai and Iran was used to skirt US sanctions on energy exports from Iran. The operation featured an Iranian-born businessman who liked fast horses, faster cars and the fastest planes.

His unique skill: Getting gold into sanctions-encircled Iran. Enough gold that for a time he became the government’s key instrument in improving Turkey’s irksome economic imbalance. At the time, the plot revealed what one observer called, “one of the most complex illicit finance schemes [prosecutors] have seen.” In 2017, the man at the center of the scheme, Reza Zarrab, was arrested (and briefly disappeared) and was tied to Turkey’s president. “Zarrab is thought to have been close to the Erdogan family and, indeed, he was given Turkish citizenship, alongside Iranian. This is a real stress point.”

Zarrab pleaded guilty in October 2017 and turned against Mehmet Hakan Atila – a director at Turkey’s Halkbank – who was convicted on Jan. 3, 2018, and after serving a total 32 months behind bars was returned to Turkey and has since become the head of the Istanbul stock exchange. And since then “one of the biggest money-laundering schemes ever” has disappeared from the headlines… until now. Thanks to a massive leak of more than a million documents from a British offshore shell company provider, think Panama Papers 2.0, we now learn exactly how Iran’s national oil company and its subsidiaries hopscotch the globe, with the help of intermediaries, in search of tax havens that help it try to wriggle free from the grip of crippling U.S.-led sanctions.

Read more …

We’ll end humanity yet.

BPA Chemical Levels In Humans Drastically Underestimated (G.)

Humans are probably being exposed to far more of a widely used dangerous chemical – found in plastics, canned goods and receipt paper – than previously understood, according to a new study. The analysis, in the peer-reviewed scientific journal the Lancet, uses a new method for evaluating exposure to BPA, or bisphenol-A. BPA disrupts hormones critical to many body functions and is linked with obesity and other diseases. Pregnant women who are exposed to it are more likely to have children who have problems with growth, behavior and fertility, as well as a higher cancer risk. Many companies have phased out using BPAs, marketing new products with similar replacement bisphenols as safer without sufficient evidence for their claims, experts say.


The new research examined levels of BPA in urine but also counted the metabolites of BPA. Metabolites are formed when the body breaks down and eliminates a chemical. Using the new method, the scientists analyzed the urine of 29 pregnant women in their second trimester and found their BPA exposure levels to be an average of 44 times higher than what was measured with the traditional method. Patricia Hunt, a co-author of the study who is a molecular biosciences professor at Washington State University, said she was “horrified” by the high levels her group found in the pregnant women.

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Oct 222019
 
 October 22, 2019  Posted by at 9:38 am Finance Tagged with: , , , , , , , ,  10 Responses »


Eugène Delacroix Liberty Leading the People 1830

 

Julian Assange Struggled To Remember His Name At Extradition Hearing (ND)
‘I’m In An Unfair Fight Against A Superpower,’ Assange Tells UK Court (SMH)
Assange in Court (Craig Murray)
Assange in Court – 2 (Craig Murray)
Information On Poroshenko Money Laundering/Biden Cover Up (CDM)
Trump ‘Fully Prepared’ For Military Action vs Turkey If Needed – Pompeo (CNBC)
Enter, the Dragon – Hillary 2020 (Kunstler)
The Putin-Nazis Are Coming -Again-! (CJ Hopkins)
The Empire Steps Back (Jim Kavanagh)
44% Of Americans Don’t Make Enough Money To Cover Their Expenses (ZH)
China Doubles Value Of Infrastructure Project Approvals (SCMP)
Australia Is The Only Country Using Carryover Climate Credits (G.)

 

 

Had a hard time getting going today. What happened with Julian Assange was too much to deal with. And on reflection, it only gets worse.

If Jeremy Corbyn or any else gets up in Parliament today or tomorrow and speaks about anything else than Julian Assange, you know he’s a useless piece of crap. Well, yes, you know that already. As Julian Assange has been reduced to a vague shadow of himself, Britain has been reduced to a lawless medieval banana republic, where someone can be tortured to death in full view, while agents of a foreign country run proceedings in the courts.

And the million or so who came out in London for extinction rebellion or a Final Say, you are all completely useless drips too. You’re incapable of discerning what is truly important. Which is that your government flouts all laws, British and international, with impunity. And then it makes no difference if those laws are defined by your own country or as part of a European Union. Torturing a man to death in 2019, with nary a protest being heard, is truly taking all of you back to the Middle Ages. At some point the question becomes: If you allow for the best, brightest and bravest amongst you to be treated this way, then what right or reason do you have to stick around?

Here’s what Craig Murray said:

I had been even more sceptical of those who claimed, as a senior member of his legal team did to me on Sunday night, that they were worried that Julian might not live to the end of the extradition process. I now find myself not only believing it, but haunted by the thought.

 

 

Then who does? “..the judge told Assange that the court had no jurisdiction over the conditions of his imprisonment..”

Julian Assange Struggled To Remember His Name At Extradition Hearing (ND)

Assange’s barrister Mark Summers QC said Assange cannot be extradited for political offences. “Our case will be that this is a political attempt to signal to journalists the consequences of publishing information. It is legally unprecedented,” he told the court. Assange’s solicitors Birnberg Peirce later issued a statement further clarifying that extradition for political offences is “prohibited and unlawful” under the UK-US extradition treaty of 2003. Mr Summers said he was deeply concerned about Assange’s ability to prepare for his case, given he has had no computer access since his incarceration began. He also explained that the case was growing increasingly complicated as new evidence came to light.

Earlier this month Spain’s National Court announced it was investigating whether a Spanish security firm spied on Assange in the embassy with hidden microphones and other devices. The information was allegedly passed to Ecuadorean and US authorities. “The American state had been actively engaged in intruding into privileged discussions between Mr Assange and his lawyers in the embassy, also unlawful copying of their telephones and computers (and) hooded men breaking into offices,” Mr Summers said. He told the court there had been “plans to kidnap and harm” Assange. Mr Summers asked Judge Baraitser to delay the extradition trial and to extend the length of the five-day hearing so his client could adequately prepare evidence. But the judge told Assange that the court had no jurisdiction over the conditions of his imprisonment and said he would not be granted any more time.

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“..unlawful “copying” of Assange’s telephones and computers, and “hooded men breaking into lawyers’ offices”..”

‘I’m In An Unfair Fight Against A Superpower,’ Assange Tells UK Court (SMH)

A gaunt, hesitant and apparently confused Julian Assange has told a London judge he is in an inequitable fight against a superpower that has been spying on his “interior life” and on confidential meetings with his legal team. The WikiLeaks founder is trying to avoid extradition to the US to face 17 espionage charges and one computer hacking charge. His legal team revealed on Monday they want to deal a knockout blow to the case against him, by establishing that the charges are a “political offence” for which extradition cannot be granted. Assange appeared in person before District Judge Vanessa Baraitser in Westminster Magistrates Court, appearing tired and unwell and speaking hesitantly.


“I can’t think properly,” he complained at the end of the brief administrative hearing, saying the US had “unlimited resources” and an “unfair advantage”. “I can’t research anything [in prison], I can’t access any of my writing, it’s very difficult where I am [in Belmarsh Prison in South London] to do anything,” he said. “This is not equitable what’s happening here.” His lawyer Mark Summers, QC, told the court the US administration was prosecuting Assange in a “concerted and avowed drive to escalate its existing war on whistleblowers, to encompass investigative journalists”. “Our case is that it is a political attack to signal to journalists the consequences of publishing [classified] information.”

Summers appealed for extra time to gather evidence in support of Assange’s case, after allegations emerged this year that a Spanish security firm had been passing on to US intelligence agencies video, audio and documents secretly gathered during Assange’s time in the Ecuador embassy in London. Last week a judge of the Spanish National Court issued an order to investigate the Cadiz company Undercover Global, for “crimes against privacy and the secrecy of lawyer-client communications, bribery and money laundering”, in response to a complaint from Assange’s lawyers that Undercover Global had installed hidden microphones at the embassy and delivered information to Ecuador authorities and “agents of the United States”.

“The American state has been actively engaged in intruding on privileged discussions between Assange and his lawyers,” Summers told the Westminster court on Monday. He said there was evidence of unlawful “copying” of Assange’s telephones and computers, and “hooded men breaking into lawyers’ offices”. Assange complained to the judge the US had obtained details of his “interior life” through psychologist reports, and suggested they had tried to get hold of his children’s DNA. Kristinn Hrafnsson, the official WikiLeaks representative, said outside court that this was a reference to claims US agents had even collected DNA samples from nappies discarded at the embassy.

Assange’s legal team, in a note distributed outside the court, said there was evidence before Spanish courts of “a sustained series of actions by a Spanish security company in conjunction with US intelligence services to obtain information by unlawful acts, theft and clandestine surveillance within the Ecuadorian embassy whilst Julian Assange was present there”. “They included … the deliberate targeting and theft of information from the phones and electronic devices of lawyers advising and doctors treating Julian Assange, and the recording of their meetings. “Further, the private telephones of distinguished journalists visiting the embassy were photographed with data taken sufficient to hack their telephones thereafter.”

Read more …

I’ll do this Craig Murray piece in two parts. He was at the court yesterday. Murray is a close adviser and friend to Julian. First, his personal thoughts…

Assange in Court (Craig Murray)

I was deeply shaken while witnessing yesterday’s events in Westminster Magistrates Court. Every decision was railroaded through over the scarcely heard arguments and objections of Assange’s legal team, by a magistrate who barely pretended to be listening. Before I get on to the blatant lack of fair process, the first thing I must note was Julian’s condition. I was badly shocked by just how much weight my friend has lost, by the speed his hair has receded and by the appearance of premature and vastly accelerated ageing. He has a pronounced limp I have never seen before. Since his arrest he has lost over 15 kg in weight. But his physical appearance was not as shocking as his mental deterioration. When asked to give his name and date of birth, he struggled visibly over several seconds to recall both.

I will come to the important content of his statement at the end of proceedings in due course, but his difficulty in making it was very evident; it was a real struggle for him to articulate the words and focus his train of thought. Until yesterday I had always been quietly sceptical of those who claimed that Julian’s treatment amounted to torture – even of Nils Melzer, the UN Special Rapporteur on Torture – and sceptical of those who suggested he may be subject to debilitating drug treatments. But having attended the trials in Uzbekistan of several victims of extreme torture, and having worked with survivors from Sierra Leone and elsewhere, I can tell you that yesterday changed my mind entirely and Julian exhibited exactly the symptoms of a torture victim brought blinking into the light, particularly in terms of disorientation, confusion, and the real struggle to assert free will through the fog of learned helplessness.

I had been even more sceptical of those who claimed, as a senior member of his legal team did to me on Sunday night, that they were worried that Julian might not live to the end of the extradition process. I now find myself not only believing it, but haunted by the thought. Everybody in that court yesterday saw that one of the greatest journalists and most important dissidents of our times is being tortured to death by the state, before our eyes. To see my friend, the most articulate man, the fastest thinker, I have ever known, reduced to that shambling and incoherent wreck, was unbearable. Yet the agents of the state, particularly the callous magistrate Vanessa Baraitser, were not just prepared but eager to be a part of this bloodsport.

She actually told him that if he were incapable of following proceedings, then his lawyers could explain what had happened to him later. The question of why a man who, by the very charges against him, was acknowledged to be highly intelligent and competent, had been reduced by the state to somebody incapable of following court proceedings, gave her not a millisecond of concern.

Read more …

… and then his description of how it’s Americans who openly call the shots in a British courtroom.

Assange in Court – 2 (Craig Murray)

For the prosecution, James Lewis QC stated that the government strongly opposed any delay being given for the defence to prepare, and strongly opposed any separate consideration of the question of whether the charge was a political offence excluded by the extradition treaty. Baraitser took her cue from Lewis and stated categorically that the date for the extradition hearing, 25 February, could not be changed. She was open to changes in dates for submission of evidence and responses before this, and called a ten minute recess for the prosecution and defence to agree these steps.

What happened next was very instructive. There were five representatives of the US government present (initially three, and two more arrived in the course of the hearing), seated at desks behind the lawyers in court. The prosecution lawyers immediately went into huddle with the US representatives, then went outside the courtroom with them, to decide how to respond on the dates. After the recess the defence team stated they could not, in their professional opinion, adequately prepare if the hearing date were kept to February, but within Baraitser’s instruction to do so they nevertheless outlined a proposed timetable on delivery of evidence.

In responding to this, Lewis’ junior counsel scurried to the back of the court to consult the Americans again while Lewis actually told the judge he was “taking instructions from those behind”. It is important to note that as he said this, it was not the UK Attorney-General’s office who were being consulted but the US Embassy. Lewis received his American instructions and agreed that the defence might have two months to prepare their evidence (they had said they needed an absolute minimum of three) but the February hearing date may not be moved. Baraitser gave a ruling agreeing everything Lewis had said.

At this stage it was unclear why we were sitting through this farce. The US government was dictating its instructions to Lewis, who was relaying those instructions to Baraitser, who was ruling them as her legal decision. The charade might as well have been cut and the US government simply sat on the bench to control the whole process. Nobody could sit there and believe they were in any part of a genuine legal process or that Baraitser was giving a moment’s consideration to the arguments of the defence. Her facial expressions on the few occasions she looked at the defence ranged from contempt through boredom to sarcasm. When she looked at Lewis she was attentive, open and warm.

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“..the National Anti-Corruption Bureau of Ukraine (NABU) was an organization set up (extra-judicially) by the Obama Administration within Ukraine to help the Democrats cover up the vast corruption that had been going on..”

Information On Poroshenko Money Laundering/Biden Cover Up (CDM)

The first thing readers must realize is that the National Anti-Corruption Bureau of Ukraine (NABU) was an organization set up (extra-judicially) by the Obama Administration within Ukraine to help the Democrats cover up the vast corruption that had been going on, and as a tool to go after then-candidate Donald J. Trump. In fact, the initial head of the bureau engineered by the U.S. State Department in Ukraine, Artem Sytnyk, has been tried and convicted of conspiring to help presidential candidate Hillary Clinton defeat Donald Trump in the 2016 election. Sytnyk’s group was the office that released the so-called ‘black ledger’ against Paul Manafort, who was then Trump’s campaign manager and now sits in jail, convicted by the Mueller investigation.

CD Media’s editor-in-chief reported on the shakiness of the black ledger evidence at the time when writing for The Washington Times. Before we go into details of the complicated money laundering scheme in the next article later today, another intelligence source inside Ukraine would like the Biden campaign to answer the following questions:

• What are the names of two CIA undercover officers who visited the General Prosecutor office and talked to Lutsenko Yuriy demanding that he close the cases on any of Burisma related matters? • Why Burisma related cases were closed at General Prosecutors’ office after that visit and were transferred to NABU and SAP (special prosecutor’s office)? What is the role of NABU and SAP in keeping the cases closed? How did George Kent influence NABU? • Why Burisma cases were stopped for investigation at NABU and SAP in Ukraine? • Why General Prosecutor office in Ukraine (led by Lutsenko Yuriy) denied to send investigative information on Zlochevskiy (beneficiary at Burisma Holdings) and Burisma to the UK Financial Fraud Office? The UK Large Financial Fraud Office released Zlochevskiy and closed the investigation. • What was the name of the Latvian “shell” transaction company used by Burisma holdings to transfer the money to Rosemont Seneca Partners (owned and operated by Biden’s family, Archer, Heinz)?

Read more …

What hollow sounds like.

Trump ‘Fully Prepared’ For Military Action vs Turkey If Needed – Pompeo (CNBC)

President Donald Trump is prepared to use military force against Turkey over its actions in Syria in the event that such is “needed,” Secretary of State Mike Pompeo said Monday as U.S. troops withdraw from the region. “We prefer peace to war,” Pompeo told CNBC’s Wilfred Frost in a taped interview that aired on “Closing Bell” on Monday. “But in the event that kinetic action or military action is needed, you should know that President Trump is fully prepared to undertake that action.” The president is under heavy criticism for his decision to withdraw American forces from northern Syria, abandoning the Kurds, who led the ground war against ISIS.


The withdrawal precipitated Turkey’s incursion into the border zone earlier this month, which has left more than 120 civilians dead, according to the U.K.-based Syrian Observatory for Human Rights. Pompeo declined to lay out a red line for what action would prompt a U.S. military response, saying he did not want to “get out in front of the president’s decision about whether to take the awesome undertaking of using America’s military might.” “You suggested the economic powers that we’ve used. We’ll certainly use them. We’ll use our diplomatic powers as well. Those are our preference,” Pompeo said. Trump told reporters at a Cabinet meeting on Monday that the U.S. “never agreed to protect the Kurds for the rest of their lives.”

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“..Mr. Biden will soon announce his retirement from the field — to spend more time with his family..”

Enter, the Dragon – Hillary 2020 (Kunstler)

You’d think Hillary Clinton might come up with a better zinger than “Russian asset” when she flew out of her volcano on leathery wings Friday and tried to jam her blunted beak through Tulsi Gabbard’s heart. Much speculation has been brewing in the Webiverse that the Flying Reptile of Chappaqua might seek an opening to join the Democratic Party 2020 free-for-all. Wasn’t “Russian asset” the big McGuffin in the Mueller Report — the tantalizing and elusive triggering device that added up to nothing — and aren’t most people over twelve years old onto that con by now?

It’s not like Tulsi G was leading the pack, with two cable news networks and the nation’s leading newspapers ignoring her existence. Tulsi must have been wearing her Kevlar flak vest because she easily fended off the aerial attack and fired back at the squawking beast with a blast of napalm: “Great! Thank you @HillaryClinton. You, the queen of warmongers, embodiment of corruption, and personification of the rot that has sickened the Democratic Party for so long, have finally come out from behind the curtain. From the day I announced my candidacy, there has been a concerted campaign to destroy my reputation. We wondered who was behind it and why. Now we know — it was always you, through your proxies….”

Ouch! The skirmish does raise the question, though: is the Democratic Party so sick and rotted that it would resort to entertaining Hillary Clinton as the 2020 nominee? Fer sure, I’d say. The party has been on suicide watch since the Mueller Report blew up in its face. At this point, it’s choking to death on its current leaders in the race. Apart from his incessant hapless blundering on the campaign trail, Joe Biden will never survive assisting his son Hunter’s grifting adventures in foreign lands. It’s just too cut-and-dried and in-your-face. The kid scammed millions out of Ukraine and China and it’s all documented. Mr. Biden will soon announce his retirement from the field — to spend more time with his family, or for vague health reasons.

Read more …

“..it’s four more years of the Trumpian Reich, Russian soldiers patrolling the streets, martial law, concentration camps, gigantic banners with the faces of Trump and Putin hanging in the football stadiums..”

The Putin-Nazis Are Coming -Again-! (CJ Hopkins)

So, it looks like that’s it for America, folks. Putin has gone and done it again. He and his conspiracy of Putin-Nazis have “hacked,” or “influenced,” or “meddled in” our democracy. Unless Admiral Bill McRaven and his special ops cronies can ginny up a last-minute military coup, it’s four more years of the Trumpian Reich, Russian soldiers patrolling the streets, martial law, concentration camps, gigantic banners with the faces of Trump and Putin hanging in the football stadiums, mandatory Sieg-heiling in the public schools, National Vodka-for-Breakfast Day, death’s heads, babushkas, the whole nine yards. We probably should have seen this coming.

[..] Clinton’s comments came on the heels of a preparatory smear-piece in The New York Times, What, Exactly, Is Tulsi Gabbard Up To?, which reported at length on how Gabbard has been “injecting chaos” into the Democratic primaries. Professional “disinformation experts” supplied The Times with convincing evidence (i.e., unfounded hearsay and innuendo) of “suspicious activity” surrounding Gabbard’s campaign. Former Clinton-aide Laura Rosenberger (who also just happens to be the Director of the Alliance for Securing Democracy, “a bipartisan transatlantic national security advocacy group” comprised of former Intelligence Community and U.S. State Department officials, and publisher of the Hamilton 68 dashboard) “sees Gabbard as a potentially useful vector for Russian efforts to sow division.”

The Times piece goes on to list an assortment of unsavory, extremist, white supremacist, horrible, neo-Nazi-type persons that Tulsi Gabbard has nothing to do with, but which Hillary Clinton, the Intelligence Community, The Times, and the rest of the corporate media would like you to mentally associate her with. Richard Spencer, David Duke, Steve Bannon, Mike Cernovich, Tucker Carlson, and so on. Neo-Nazi sites like the Daily Stormer. 4chan, where, according to The New York Times, neo-Nazis like to “call her Mommy.”

In keeping with professional journalistic ethics, The Times also reached out to experts on fascism, fascist terrorism, terrorist fascism, fascist-adjacent Assad-apologism, Hitlerism, horrorism, Russia, and so on, to confirm Gabbard’s guilt-by-association with the people The Times had just associated her with. Brian Levin, Director of the CSU Center for the Study of Hate and Extremism, confirmed that Gabbard has “the seal of approval” within goose-stepping, Hitler-loving, neo-Nazi circles.

Read more …

“The dangerous fuse of Republican discontent with Trump..”

The Empire Steps Back (Jim Kavanagh)

“What everyone is most upset about with regard to Syria isn’t the bloodshed or anything having [to] do with human rights. It’s the decline in American control of the Middle East. This is 100% about US imperialism taking a hit.” – Rania Khalek, (@RaniaKhalek) October 14, 2019

In the last few months, Trump has made decisions either to reduce US military presence or explicitly not to take military action that was expected and planned. These were rhetorically and substantively anti-interventionist positions that are anathema to imperialist Republicans. The most consequent of these in the impeachment context are those regarding Iran, and, relatedly, Syria. The dangerous fuse of Republican discontent with Trump was lit with Trump’s decision in June to call off the military strike on Iran, after Iran’s downing of a US drone. That event followed attacks on Norwegian and Japanese tankers in the Persian Gulf that the US government blamed on Iran. A narrative had been established for US politicians and media: Every nasty thing that happens in the Middle East is to be blamed on Iran.

It’s a narrative with a specific target and a specific goal: to manufacture consent for a military attack on that target—Iran—when a good opportunity was either concocted or presented itself. Iran’s acknowledged destruction of a valuable US military asset provided that opportunity. Trump’s decision—on the profound advice of Bolton, Pompeo, et. al.—to launch an attack on Iran was the inevitable next scene in the script. His decision, made a few hours later, to cancel the attack was something else again. It was a decision made “without consulting his vice president, secretary of state or national security adviser,” with “forces… already in motion… more than 10,000 sailors and airmen….on the move,” and with “only 10 minutes to go.”

Per the NYT, that decision “stunned,” ”flabbergasted,” and outraged his closest advisers and key Republican allies. It was an unprecedented deus ex machina, an impermissible interruption that, especially for Republicans, just doesn’t fit in the epic story of American “presidentialness.” Leftish Trump opponents have not, I think, recognized what an extraordinary important, and praiseworthy decision this was by Trump. Has there been a more positive decision of such consequence made by any president in the last thirty years? Yes, it was the reversal of a prior, terrible decision of his. And, yes, it’s subject to reversal again because of his inconsistency and his many other terrible decisions regarding Iran and the region. But on its own, it stopped an onslaught of immense destruction.

Read more …

Cats in a sack.

44% Of Americans Don’t Make Enough Money To Cover Their Expenses (ZH)

Low-income consumers are struggling to make ends meet despite the “greatest economy ever,” and if a recession strikes or the employment cycle continues to decelerate – this could mean the average American with insurmountable debts will likely fall behind on their debt servicing payments, according to a UBS report, first reported by Bloomberg. UBS analyst Matthew Mish wrote in a recent report that 44% of consumers don’t make enough money to cover their expenses. The new survey asked 2,100 respondents in the US about their current financial situation, at least 40% of the respondents said they experienced a credit problem, if that was a rejection of a credit card or a missing payment, or perhaps defaulting on a balance that was due, this was a 3 percentage-point increase from last year, the survey found.

Mish has written before that lower-income consumers have seen very little net worth improvement in the last decade. They’ve increased their debt burdens significantly through credit cards, auto loans, and student debt. As the federal funds rate drops, consumers are being squeezed by record-high credit card rates. Given the high leverage of lower-income consumers, the next cyclical downshift in the consumer credit cycle could be much worse than the Dot Com bust, Mish noted in July. Mish writes in the current report that there are no signs, as of yet, of an imminent downturn in the consumer credit cycle. [..] Mish said in the last six months, only 17% of consumers reported an improvement in their financial well-being.

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Bridges to nowhere.

China Doubles Value Of Infrastructure Project Approvals (SCMP)

The Chinese government has doubled the value of large-scale infrastructure projects it has approved so far this year compared with last year, as it steps up efforts to steady the flagging economy amid a bruising trade war with the United States. The National Development and Reform Commission (NDRC) has approved 21 projects, worth at least 764.3 billion yuan (US$107.8 billion), according to South China Morning Post calculations based on the state planner’s approval statements released between January and October this year. The amount is more than double the size of last year’s 374.3 billion yuan (US$52.8 billion) in approvals recorded over the same period, which included 11 projects such as railways, roads and airports.


Three of the infrastructure projects approved by the NDRC have price tags over 100 billion yuan (US$14 billion), including the most expensive on the list – a new high-speed railway network linking Chongqing and Kunming in southwest China, worth a total of 141.6 billion yuan (US$19.9 billion). Sichuan province has been given the green light to spend 131.8 billion yuan (US$18.4 billion) to build a new airport, while Zhengzhou, the capital of Henan province, will be allowed to spend 113.9 billion yuan (US$16 billion) to continue with the third phase of its urban rail transit network. Actual spending on these projects will play out over a number of years, but the acceleration in approvals makes clear that infrastructure investment will rise, perhaps dramatically, in the next several years, helping to boost growth.

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A country of Cheaters.

Australia Is The Only Country Using Carryover Climate Credits (G.)

The federal environment department says it is not aware of any countries other than Australia planning to use controversial “carryover credits” to meet international climate commitments. The comment, at a Senate estimates hearing on Monday, comes as the Morrison government rebuffs calls from international leaders, analysts and activists for it to abandon the use the credits to meet its 2030 Paris emissions goal. The government says it has earned the right to use the credits, which represent the amount of carbon dioxide by which Australia has “beaten” the targets set under the previous international climate agreement, the Kyoto protocol.

Critics say the credits do not represent the emissions reductions needed to help meet the Paris goal of limiting global heating to as close to 1.5C as possible. Instead, they say, the credits are a fudge that cuts what Australia needs to do to meet its 2030 emissions target roughly in half and that Australia can claim access to them only because it set itself unchallenging targets under the Kyoto deal. At the hearing, the Greens senator Sarah Hanson-Young asked if the department knew of any other country planning to use carryover credits to help them meet their Paris climate targets.

Kushla Munro, a first assistant secretary with the Department of the Environment and Energy, said: “At this stage, we are not aware of other countries intending to use carryover.” “So just Australia?” Hanson-Young asked. “At this stage, yes,” Munro said. Officials confirmed that to meet its 2030 Paris target, a 26% to 28% cut compared with 2005 levels, Australia would need to cut emissions by 695m tonnes cumulatively across next decade. They said 367m tonnes would come from the credits carried over from the previous Kyoto agreement.

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Places with mass protests in yesterday’s list: Chile, Ecuador, Lebanon, Barcelona, France, London, Puerto Rico, Hong Kong, Iraq, Guinea, Bolivia, Algeria, Haiti, Egypt, Pakistan, Brazil.

New addition today: Sudan

People send me lists of countries, but they often include places with small scale protests and/or peaceful ones. That’s not what I’m looking for.

 

 

 

 

 

 

 

Oct 182019
 
 October 18, 2019  Posted by at 9:10 am Finance Tagged with: , , , , , , , , , , , , ,  9 Responses »


Salvador Dali The three pines 1919

 

McConnell: Senate Impeachment Trial ‘As Soon As Thanksgiving’ (ZH)
Trump Florida Golf Course To Host G7 Summit (BBC)
Turkey To Suspend Syria Offensive, Mike Pence Announces (BBC)
Washington is Wrong Once Again – Kurds Join Assad to Defend Syria (Ron Paul)
Media And Pundits Misread The ‘Everyone Wins’ Plan For Syria (MoA)
UK Agrees To Best Of Worst Possible Brexit Deals (MW)
EU Leaves Door Open To Brexit Extension, In Blow To Boris Johnson (G.)
UK MPs Win Bid To Vote On 2nd Brexit Referendum In Saturday Showdown (Ind.)
How Slashing Pentagon Budget Could Pay for Medicare for All (Conley)
Going Dutch? Low Interest Rates Rattle ‘World’s Best’ Pension System (R.)

 

 

And you thought you had seen absurd theater so far… Biden and Comey and Strzok testifying. Hillary?! Wasserman-Schultz?

“..you’d have basically Thanksgiving to Christmas — which would be wonderful because there’s no deadline in the world like the next break to motivate senators..”

McConnell: Senate Impeachment Trial ‘As Soon As Thanksgiving’ (ZH)

Senate Majority Leader Mitch McConnell (R-KY) told Republican Senators on Wednesday to prepare for an impeachment trial of President Trump as soon as Thanksgiving, according to the Boston Globe. The announcement comes as House Democrats roll the dice on a second-hand claim from a CIA ‘whistleblower’ that President Trump pressured Ukraine’s president to investigate former VP Joe Biden – who the whistleblower worked for – and Biden’s son Hunter [..] .. while Trump will almost certainly be impeached by the Democrat-controlled House, the GOP-controlled Senate will be able to pick apart the entire affair.

“In their closed-door weekly luncheon, McConnell gave a presentation about the impeachment process and fielded questions alongside his staff and Senate Judiciary Committee Chairman Lindsey Graham, Republican of South Carolina, who was a manager for the 1998 impeachment of President Bill Clinton. “Impeachment is the first step to remove a president, with the House voting on formal charges and the Senate holding a trial in which it either convicts or acquits him. -Boston Globe “There’s sort of a planned expectation that it would be sometime around Thanksgiving, so you’d have basically Thanksgiving to Christmas — which would be wonderful because there’s no deadline in the world like the next break to motivate senators,” said Sen. Kevin Cramer (R-ND) following the meeting.


McConnell has previously said that if the House impeaches Trump, Senate rules would force him to begin a trial – one which could force the Bidens to testify. “Not only could Mr. Biden be forced to be in D.C. at a critical moment in the presidential campaign, but so could many of his chief rivals — the half-dozen senators also vying for Democrats’ presidential nomination, impeachment experts said. For that matter, if the House chooses to impeach Mr. Trump on charges stemming from the special counsel’s Russia investigation, aides said it could open the door to witnesses such as fired FBI Agent Peter Strzok or even major figures from the Obama administration. Mr. Trump could even be present for the entire spectacle. Experts said the Senate would have a hard time refusing him if he demanded to confront the witnesses against him.” -Washington Times

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Uber trolling.

Trump Florida Golf Course To Host G7 Summit (BBC)

One of President Donald Trump’s golf resorts in Florida will host the G7 summit next June, the White House says. White House chief of staff Mick Mulvaney denied President Trump would profit from the event. The aide said “Donald Trump’s brand is probably strong enough as it is”, so he did not need a branding boost. Mr Trump has previously said he is not involved with the daily operations of the Trump Organization and that his sons run the business. Mr Mulvaney told reporters on Thursday that an advance team of scouts had started with a list of possible locations for the summit in about a dozen states. The team, he said, went to visit the venues in California, Colorado, Hawaii, Florida, North Carolina, Michigan, Tennessee and Utah.

“And it became apparent at the end of that process that Doral was by far and away, far and away, the best physical facility for this meeting. “In fact I was talking to one of the advance teams when they came back and I said, ‘What was it like?’ And they said, ‘You’re not going to believe this but it’s almost like they built this facility to host this type of event.'” The chief of staff said the event would be made available “at cost” and that using the Doral would save millions of dollars and was cheaper than the other potential sites. Earlier this year the US president floated the idea of his Doral property hosting the G7. But Mr Mulvaney denied on Thursday that his boss was profiting from the presidency, pointing out that he donates his salary to charity.


“It’s the most recognisable name in the English language [Trump] and probably around the world right now, so no, that has nothing to do with that,” he said. Mr Mulvaney said he had initially been sceptical about the idea and “aware of the political sort of criticism that we’d come under for doing it at Doral”. He added: “I get the criticisms, so does he. Basically, he’d be criticised regardless of what he’d chose to do, but no there’s no issue here on him profiting from this any way, shape or form.”

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120 hours. Followed by a ceasefire.

Turkey To Suspend Syria Offensive, Mike Pence Announces (BBC)

Turkey has agreed to a ceasefire in northern Syria to let Kurdish-led forces withdraw, US Vice-President Mike Pence has announced. All military operations will be paused for five days, and the US will help facilitate an “orderly withdrawal” of Kurdish-led troops from what Turkey has termed a “safe zone” on the border. Turkey launched its assault last week. It aimed to repel a Kurdish militia that it views as a terrorist group, and resettle Syrian refugees in the area. Critics fear this could lead to ethnic cleansing of the local Kurdish population.


The cross-border offensive came after US President Donald Trump pulled US forces out of the border region. His decision prompted a raft of criticism at home and abroad, with some accusing him of giving Turkish President Recep Tayyip Erdogan a “green light” for the operation. Mr Trump tweeted about the ceasefire before Mr Pence announced it, writing that “millions of lives will be saved!” Mr Pence thanked Donald Trump’s “strong leadership” during the announcement. “He wanted a ceasefire. He wanted to stop the violence,” the vice-president said.

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It’s obvious where Ron Paul stands, he always has: The best way to help the Kurds and everyone else in the region is to just come home.

Washington is Wrong Once Again – Kurds Join Assad to Defend Syria (Ron Paul)

When President Trump Tweeted last week that “it is time for us to get out of these ridiculous endless wars,” adding that the US would be withdrawing from Syria, Washington went into a panic. Suddenly Republicans, Democrats, the media, the think tanks, and the war industry all discovered and quickly became experts on “the Kurds,” who we were told were an “ally” being sent to their slaughter by an ignorant President Trump. But it was all just another bipartisan ploy to keep the “forever war” gravy train rolling through the Beltway. Interventionists will do anything to prevent US troops from ever coming home, and their favorite tactic is promoting “mission creep.”

As President Trump Tweeted, we were told in 2014 by President Obama that the US military would go into Syria for just 30 days to save the Yazidi minority that they claimed were threatened. Then that mission crept into “we must fight ISIS” and so the US military continued to illegally occupy and bomb Syria for five more years. Even though it was the Syrian army with its Russian and Iranian allies that did the bulk of the fighting against al-Qaeda and ISIS in Syria, President Trump took credit and called for the troops to come home. But when the military comes home, the military-industrial-Congressional-media complex loses its cash cow, so a new rationale had to be invented.


The latest “mission creep” was that we had to stay in Syria to save our “allies” the Kurds. All of a sudden our military presence in Syria was not about fighting terrorism but rather about putting US troops between our NATO ally Turkey and our proxy fighting force, the Kurds. Do they really want us to believe that it is “pro-American” for our troops to fight and die refereeing a long-standing dispute between the Turks and Kurds?

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Moon of Alabama is the first I’ve seen mention that the YPG “will be disbanded and integrated into the Syrian army.”

As I wrote a few days ago in Trump Talks To Putin. But How?, this whole thing has been planned and co-ordinated, much more than western media report.

Media And Pundits Misread The ‘Everyone Wins’ Plan For Syria (MoA)

The U.S. media get yesterday’s talks between U.S. Vice President Mike Pence and the Turkish President Recep Tayyip Erdogan all wrong. Those talks were just a show to soothe the criticism against President Donald Trump’s decision to withdraw U.S. troops from northeast Syria. The fake negotiations did not change the larger win-win-win-win plan or the facts on the ground. The Syrian Arab Army is replacing the Kurdish PKK/YPG troops at the border with Turkey. The armed PKK/YPG forces, which had deceivingly renamed themselves (vid) “Syrian Democratic Forces” to win U.S. support, will be disbanded and integrated into the Syrian army. Those moves are sufficient to give Turkey the security guarantees it needs. They will prevent any further Turkish invasion.

[..] The U.S. can not “allow Turkey to annex a portion of Syria”. The U.S. does not own Syria. It is completely bollocks to think that it has the power to allow Turkey to annex parts of it. Turkey will not “gain territory”. There will be no Turkish “security corridor”. The Kurdish civilians in Kobani, Ras al Ain and Qamishli areas will not go anywhere. The Turks will not touch those Kurdish majority areas because they are, or soon will be, under control of the Syrian government and its army. [..] The Turkish Foreign Minister Cavusoglu confirmed that Turkey agrees with the Syrian government moves: “Russia “promised that the PKK or YPG will not be on the other side of the border,” Cavusoglu said in an interview with the BBC. “If Russia, accompanied by the Syrian army, removes YPG elements from the region, we will not oppose this.”


These moves have been planned all along. The Turkish invasion in northeast Syria was designed to give Trump a reason to withdraw U.S. troops. It was designed to push the Kurdish forces to finally submit to the Syrian government. Behind the scene Russia had already organized the replacement of the Kurdish forces with Syrian government troops. It has coordinated the Syrian army moves with the U.S. military. Turkey had agreed that Syrian government control would be sufficient to alleviate its concern about a Kurdish guerilla and a Kurdish proto-state at its border. Any further Turkish invasion of Syria is thereby unnecessary. The plan has everyone winning. Turkey will be free of a Kurdish threat. Syria regains its territory. The U.S. can leave without further trouble. Russia and Iran gain standing. The Kurds get taken care of.

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“Boris Johnson has signed a deal he said he didn’t need, creating a border he didn’t want, under the authority of a Court he didn’t accept, to be submitted to a Parliament he doesn’t control. ”

UK Agrees To Best Of Worst Possible Brexit Deals (MW)

Boris Johnson has signed a deal he said he didn’t need, creating a border he didn’t want, under the authority of a Court he didn’t accept, to be submitted to a Parliament he doesn’t control. The one “great” thing about the agreement with the European Union that the U.K. prime minister hailed Thursday is that it reduces – if slightly – the possibility of a hard Brexit, and the associated foreseeable economic crisis. But beyond the forex market’s obvious relief at the possible end of three years of uncertainty — the pound jumped almost 1% on the news, before reversing — this is still a deal that will hurt the British economy. On a scale of 1 to 10 — from no-pain, remain in the EU to maximum damage, no-deal Brexit — the agreement concluded just a few hours before an EU leaders summit in Brussels registers as an 8 or 9.


Its economic impact will be worse than the deal negotiated by Johnson’s predecessor Theresa May and rejected three times by the U.K. Parliament earlier this year. That is true both in the short term and in the long term. In the short term, it leaves the U.K. outside the customs union where it would have stayed under the infamous “backstop” negotiated by the previous government. But more uncertainty is also hanging over the near term economic future. The dearth of investment in the last three years has been the main drag on the U.K. economy, which explains why the country’s GDP is now 1-to-3% lower than it would have been if voters had opted for remain in 2016.

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People are pressed to vote for a deal they don’t want. Is that really such a good idea?

EU Leaves Door Open To Brexit Extension, In Blow To Boris Johnson (G.)

EU leaders have left open the option of extending Brexit beyond 31 October if the new deal is voted down by the Commons, in a blow to Boris Johnson’s strategy. The prime minister had been seeking to pitch Saturday’s vote in the Commons as a choice between deal or no deal after coming to an agreement with the EU. Johnson was helped by comments from Jean-Claude Juncker casting doubt on the possibility of a further Brexit delay, but the heads of state and government did not follow the European commission president’s lead. A summit communique issued after two hours of discussion tasked the commission and European parliament with taking “the necessary steps to ensure that the agreement can enter into force on November 1”.


But a senior EU official said that the leaders would follow events on Saturday, and reflect on the next steps if they were in a “different situation”. A second diplomatic source said they had chosen not to interfere in a “sensitive domestic debate … but they leave the door open to the possibility of an extension, to be discussed at a later stage – if required”. Johnson is facing an uphill battle to build a majority after the Northern Irish Democratic Unionist party rejected the revised deal, describing it as driving “a coach and horses through the professed sanctity of the Belfast agreement”. Juncker had tried to help sell the deal by pouring doubt on a further Brexit extension in the event of it being rejected.

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So even if the deal is accepted, it may still not be?

UK MPs Win Bid To Vote On 2nd Brexit Referendum In Saturday Showdown (Ind.)

MPs have won a key parliamentary vote paving the way for a Commons bid to secure a second referendum on Saturday. Ex-Tory backbencher Sir Oliver Letwin led a successful attempt to allow backbench MPs to amend Boris Johnson’s Brexit plans, in a knife-edge vote that passed by 287 votes to 275. MPs also approved a rare Saturday sitting to scrutinise Mr Johnson’s new plan – but the government’s proposal for a short debate on a motion to either “approve the deal or approve a no-deal Brexit” were derailed by the backbench victory. The move now clears the way for pro-EU MPs to force a vote on a second referendum, by tacking on an amendment calling for another public vote on the prime minister’s Brexit blueprint.


Sir Oliver said the plan would allow MPs to move any amendment to the government’s proposal and for them to be voted upon, if selected by Speaker John Bercow. He suggested that it could close a loophole in the so-called Benn Act – which requires the PM to seek a Brexit delay if he does not have a deal by 19 October. The law only compels the PM to seek an extension if MPs fail to pass a motion. Sir Oliver told MPs: “That will enable those of us, like me, who wish to support and carry through and eventually see the ratification of this deal, not to put us in the position of allowing the government off the Benn Act hook on Saturday, but only at a time when the bill has been taken through both Houses of Parliament and legislated on.”

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A discussion you won’t be able to escape. It might be good to get the terminology straight. I think Tucker Carlson called Medicare for All pure socialism, but that would mean Canada, the UK, most of Europe and Asian countries like Thailand all pure socialist countries. Hard to maintain.

How Slashing Pentagon Budget Could Pay for Medicare for All (Conley)

The Institute for Policy Studies on Thursday shared the results of extensive research into how the $750 billion U.S. military budget could be significantly slashed, freeing up annual funding to cover the cost of Medicare for All—calling into question the notion that the program needs to create any tax burden whatsoever for working families. Lindsay Koshgarian, director of the National Priorities Project at the Institute for Policy Studies (IPS), took aim in a New York Timesop-ed at a “chorus of scolds” from both sides of the aisle who say that raising middle class taxes is the only way to pay for Medicare for All. The pervasive claim was a primary focus of Tuesday night’s debate, while Medicare for All proponents Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) attempted to focus on the dire need for a universal healthcare program.

At the Democratic presidential primary debate on CNN Tuesday night, Sen. Elizabeth Warren (D-Mass.) was criticized by some opponents for saying that “costs will go down for hardworking, middle-class families” under Medicare for All, without using the word “taxes.” Sen. Bernie Sanders (I-Vt.), on the other hand, clearly stated that taxes may go up for some middle class families but pointed out that the increase would be more than offset by the fact that they’ll no longer have to pay monthly premiums, deductibles, and other medical costs. “All these ambitious policies of course will come with a hefty price tag,” wrote Koshgarian. “Proposals to fund Medicare for All have focused on raising taxes. But what if we could imagine another way entirely?”


“Over 18 years, the United States has spent $4.9 trillion on wars, with only more intractable violence in the Middle East and beyond to show for it,” she added. “That’s nearly the $300 billion per year over the current system that is estimated to cover Medicare for All (though estimates vary).” “While we can’t un-spend that $4.9 trillion,” Koshgarian continued, “imagine if we could make different choices for the next 20 years.”

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The state of denial. Pensions funds have all moved into risk assets, so if stocks start falling, it’s over and out. Moreover, there will be far more elderly people soon vs the young, which will reduce contributions enormously while increasing payouts. At least try some realism. Zero interest rates klill pensions. Period.

Going Dutch? Low Interest Rates Rattle ‘World’s Best’ Pension System (R.)

The planned reductions, due to take effect from January 2020, have shaken a country renowned for having one of the world’s strongest pension systems, and are an early warning to others about the impact of record low interest rates. [..] The European Central Bank’s (ECB) stimulus policies, which have helped drive interest rates into negative territory, are blamed in part for the impending cuts in the Netherlands and have triggered a fierce debate over how the funding of pensions should be calculated. ECB President Mario Draghi said last month that the central bank was “very concerned” about the side effects of negative rates, but maintained they were required for economic growth.

At the heart of the Dutch debate is a technical question over how to calculate the cost of future pension payouts while the ECB helps keep rates low. Actuaries make assumptions about how long pensioners will live, count up the future payments that have been promised to them and then use an assumed interest rate to “discount” how much must be put away to pay them. The lower this interest rate, “rekenrente” in Dutch, the more conservative the accounting, and the more it costs to meet future liabilities. The rekenrente is derived from government bond yields — which have turned negative across Europe as interest rates steadily fell this summer.


Each 1% fall in interest rates has led to roughly a 12% fall in the coverage ratio between assets and liabilities in pension pots, the Dutch central bank says. As a January deadline approaches, cuts appear inevitable. That has led several funds and some experts to argue that the rekenrente, which is around 0.3%, should be raised instead. Many blame ECB policy and see its effects as temporary. Increasing the rekenrente to 2% or 3% would restore the funds to full solvency. Corien Wortmann-Kool, the chairwoman of the 456 billion euro ABP civil servants fund, told Reuters she opposes pension cuts as “unnecessary” for now.

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Oct 152019
 
 October 15, 2019  Posted by at 7:29 pm Primers Tagged with: , , , , , , ,  8 Responses »


Rembrandt van Rijn Self portrait with tousled hair 1629

 

If you ask me, this is brilliant, but I know you’re not asking me. Still, what I’m reading today is genius. That is, Donald Trump and his people have found a way to communicate with Vladimir Putin and his people while the entire crew that’s listening in to his talks with foreign leaders were doing something else, whatever that may be.

The overall impression of Trump’s order to redeploy an entire 50 US soldiers within Syria is that he opened the floodgates to mayhem and genocide, but perhaps that picture is not entirely accurate. Perhaps Trump did not act on some whiff of the moment instinct. Perhaps he’s not as shallow and stupid as the press makes him out to be. I know, big challenge and all, but let’s look at what actually happened.

Me, I’m sure Trump talked to Putin before he withdrew the 49 or 50 troops , just to make sure all-out disaster wouldn’t ensue. This is from Newsweek, not exactly a pro-Trump outlet:

US Cedes Syrian City To Russia In Battlefield ‘Handover’ As Turkey Tries To Take It

The U.S. was scheduled as of Monday to officially withdraw from Manbij within 24-hours, leaving the mostly Kurdish Syrian Democratic Forces behind as two rival factions—the Syrian government, backed by Russia and Iran, and the Turkey-backed Syrian insurgents opposed to it—sought to seize control of the strategic location. A senior Pentagon official told Newsweek that U.S. personnel, “having been in the area for longer, has been assisting the Russian forces to navigate through previously unsafe areas quickly.”


“It is essentially a handover,” the official said. “However, it’s a quick out, not something that will include walk-throughs, etc., everything is about making out with as much as possible of our things while destroying any sensitive equipment that cannot be moved.” Contacted by Newsweek on Monday, no reply was returned from the Pentagon before publication. Faced with a potentially imminent clash with Turkish forces and their Syrian rebel allies, the Syrian Democratic Forces have chosen to realign themselves with the central government and its Russian backer, a partnership that would soon be put to the test.

I don’t claim to know how the two presidents manage to communicate in the face of all the scrutiny (re: Trump’s call with Ukraine president Zelensky), but communicate they did. Or we would never have arrived at the outcome we have. Trump, I’m convinced, did not leave the Kurds to die at the hand of Erdogan. He got Putin involved. And yes, that means Russia strengthening its position in Syria.

But it also means Trump being able to fulfill his campaign promise to withdraw US troops from “endless wars”. And Russia may well be the best bet to prevent further mayhem and bloodshed in the region. See, Syria, as I’ve said a million times by now, is Russia’s only stronghold in the Middle East, and they will therefore never let go of it. Not a chance.

That is the reason why the insane US policy of regime change in Iraq, Libya, etc., was never going to work in Syria. Syria = Russia. Not because Putin is a big admirer of Assad, but because without Syria Russia is gone from the Middle East. So, zero chance. A bit more from the BBC:

Russia Vows To Prevent Turkey-Syria Clashes

Russia has said it will not allow clashes between Turkish and Syrian forces, as Turkey’s military offensive in northern Syria continues. “This would simply be unacceptable… and therefore we will not allow it, of course,” said Moscow’s special envoy for Syria, Alexander Lavrentyev. The withdrawal of US troops from the region, announced last week, gave Turkey a “green light”, critics say. Russia is a key military ally of Syrian leader Bashar al-Assad. Russia’s defence ministry said its forces, which have been deployed in Syria since 2015, were patrolling along the “line of contact” between Syrian and Turkish forces.


During a visit to the United Arab Emirates, Mr Lavrentyev described Turkey’s offensive as “unacceptable”. He said that under previous agreements Turkey can only go 5-10km (3-6 miles) into Syria – far less than the 30km “safe zone” Ankara is proposing – and that Turkey has no right to permanently deploy its troops in the country. Syria is in contact with Turkey to avoid a conflict, he said. Mr Lavrentyev also confirmed that Russia had helped to broker a deal between Kurds and Damascus that saw Kurdish-led forces cede territory to Syrian government troops in return for military support.

All the talk about Erdogan genociding the Kurds is, well, greatly exaggerated. His hands are tied. By Trump, who has warned him with a threat of obliterating his economy, and far more by Putin who simply states some things are not acceptable.

The outcome of all this is going to be that Turkey will have its safe zone on the Syrian border, just smaller than Erdogan wants. The Kurds will have their territory just behind that safe zone. Millions of Syrian refugees will be able to resettle in these two territories. It is a pretty genius solution to the whole issue. US troops, gone, Russia and Assad keeping the peace, no 3.6 million refugees coming to Europe.

And you were saying Trump is an idiot who leaves the Kurds to be slaughtered? You see, I’m never sure about anything, but I’m having to doubt that judgment. That’s not what I’m seeing.

But, you know, I am big time wondering what channels Trump and Putin have found to talk to each other. It’s not phone calls, given how the Zelensky call led to an alleged impeachment inquiry, but how have they managed to do it? Shouldn’t be all that hard, perhaps, just a friend talking to a friend under the radar. But still.

 

 

 

 

Oct 152019
 
 October 15, 2019  Posted by at 9:43 am Finance Tagged with: , , , , , , , , , , ,  11 Responses »


Paul Gauguin A seashore 1887

 

Trump Tells Turkey To Stop Its Syria Invasion (R.)
‘You’ve Been Duped By Spooks & Terrorists’ (RT)
Bernie Wants You to Own More of the Means of Production (Jac.)
No Choice But To Invest In Oil, Shell CEO Says (R.)
New German Rules Leave 5G Telecoms Door Open To Huawei (R.)
James Comey Is Swimming In Cash (BI)
Ghislaine Maxwell’s Open Secret (Webb)
Behind Hong Kong’s Black Terror (Escobar)
Trio Wins Economics Nobel For Science-Based Poverty Fight (R.)

 

 

Did they plan this in advance?

Trump Tells Turkey To Stop Its Syria Invasion (R.)

U.S. President Donald Trump on Monday demanded Turkey stop its military incursion in Syria and imposed new sanctions on the NATO ally as Trump scrambled to limit the damage from his much-criticized decision to clear U.S. troops from Turkey’s path. Vice President Mike Pence said Trump had told Turkish President Tayyip Erdogan in a phone call on Monday to agree to an immediate ceasefire. He also said he would travel to the region soon to try to mediate the crisis. Pence said Trump had been firm with Erdogan on the phone. “The United States of America simply is not going to tolerate Turkey’s invasion in Syria any further. We are calling on Turkey to stand down, end the violence and come to the negotiating table,” Pence told reporters.

Turkey launched a cross-border operation into northern Syria on Wednesday just days after Erdogan told Trump in a phone call that he planned to move ahead with a long-planned move against America’s Kurdish allies in the region. Trump abruptly announced a redeployment of 50 American troops from the conflict zone to get them out of harm’s way, dismissing criticism that this would leave the Kurds open to attack. This was widely seen as giving Erdogan a green light for his operation. With lawmakers in the U.S. Congress moving to impose sanctions of their own, Trump issued an executive order authorizing sanctions against current and former officials of the Turkish government for contributing to Turkey’s military operation in northern Syria.


In a statement, Trump said he had increased tariffs on imports of Turkish steel back up to 50 percent, six months after they were reduced, and would immediately stop negotiations on what he called a $100 billion trade deal with Turkey. “Unfortunately, Turkey does not appear to be mitigating the humanitarian effects of its invasion,” said Trump.

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The New York Times had no credibility left anyway.

‘You’ve Been Duped By Spooks & Terrorists’ (RT)

A damning report by the New York Times, which accused Russia of bombing four UN-protected hospitals in Syria, is a product of misinformation by Western intelligence services and jihadists, the Russian military said. On Sunday, the leading US newspaper said it had irrefutable proof that Russian warplanes had bombed four sites in Syria, which it knew to be locations of civilian hospitals. The accusation stems from analysis of social media, interviews with witnesses, data provided by local plane spotters and records of communications of the Russian military deployed in Syria. The bombings, which happened on May 5 and 6, are just a faction of attacks on civilian infrastructure, for which Moscow carries responsibility, the newspaper alleged.

Responding to the accusation on Monday, the Russian military said Times report was flawed for several reasons, including failure to explain that Idlib Governorate, where the four alleged bombings took place, lives under rule of brutal jihadists. That detail affects the entire narrative, indicating its flawed sourcing. “Gadgets, modern radio scanners, protected notebooks, internet connection are all things that the local civilian population simply cannot afford. They are more interested in daily surviving under the yoke of the terrorists,” said Defense Ministry spokesman Maj. Gen. Igor Konashenkov. He was referring to the equipment used by “plane spotters”, who provided their data to Times.


The newspaper said those observers “insisted on anonymity for their safety”, but the Russian military says they shouldn’t have bothered and identified them as the people behind a “combat intelligence system” based on equipment developed by a US company called Hala Systems. The system known as Sentry is a collection of suitcase-sized sensors connected into a network plus an AI-based algorithm, which uses signals from those sensors as well as social media data to analyze and predict airstrikes in Idlib. Hala Systems says it’s a for-profit company that develops and operates the system on grants from governments of Canada, the United Kingdom, the Netherlands, Denmark the United States, and Germany.

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Electable?

Bernie Wants You to Own More of the Means of Production (Jac.)

Bernie Sanders released a proposal today that would gradually shift 20 percent of corporate equity into funds owned and controlled by the workers in each company. The plan, which would apply to all publicly-traded companies and large closely-held companies, would move 2 percent of corporate stock into worker funds each year for a decade. Once the shares are transferred into the funds, workers would begin receiving dividends and have the ability to exercise the voting rights of the shares, including the right to vote on corporate board elections and on shareholder resolutions. Sanders’s plan is by far the most radical worker ownership proposal put forward by a presidential candidate in recent memory.

By last count, the market value of publicly-traded domestic companies stood at $35.6 trillion. This means that the Sanders plan would shift at least $7.1 trillion of corporate equity into worker funds by gradually diluting the value of previously-issued corporate stock. Those who stand to “lose” from the proposal are the incumbent owners of corporate equity, which are overwhelmingly affluent people. At present, the top 10 percent of families own around 86.4 percent of corporate equities and mutual fund shares, with the top one percent owning 52 percent by themselves.


Closely-held businesses, which will also be affected by the scheme if they are large enough, have similarly concentrated ownership, with the top 10 percent of families owning 87.5 percent of private business equity and the top one percent of families owning 57.5 percent of it. Of course, these incumbent owners will not actually lose anything in an absolute sense. The average historical return of the US stock market has been 9.8 percent per year, while the average return of the last 10 years has been just over 13 percent. The effect of the two percent share issuances is to knock the total rate of return down by two percentage points, meaning that incumbent owners still get richer year-over-year, just less so than they would absent the Sanders plan.

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Well, they’re on oil company. What did you expect?

No Choice But To Invest In Oil, Shell CEO Says (R.)

Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an interview with Reuters, Ben van Beurden expressed concern that some shareholders could abandon the world’s second-largest listed energy company due partly to what he called the “demonisation” of oil and gas and “unjustified” worries that its business model was unsustainable. The 61-year-old Dutch executive in recent years became one of the sector’s most prominent voices advocating action over global warming in the wake of the 2015 Paris climate agreement.

Shell, which supplies around 3% of the world’s energy, set out in 2017 a plan to halve the intensity of its greenhouse emissions by the middle of the century, based in large part on building one of the world’s biggest power businesses. Still, the amount of carbon dioxide emitted from Shell’s operations and the products it sells rose by 2.5% between 2017 and 2018. A defiant van Beurden rejected a rising chorus from climate activists and parts of the investor community to transform radically the 112-year-old Anglo-Dutch company’s traditional business model. “Despite what a lot of activists say, it is entirely legitimate to invest in oil and gas because the world demands it,” van Beurden said. “We have no choice” but to invest in long-life projects, he added.

[..][ “We can sustain an upstream portfolio all the way into the 2030s if there is an economic rationale for doing that and a societal rationale for doing that,” van Beurden said. “Fortunately enough, we have more of those than we have money to spend on them.” Van Beurden rejected as a “red herring” arguments that Shell’s oil and gas reserves, which can sustain its current production for around eight years, would be economically unviable, or stranded, in the future. A lack of investment in oil and gas projects could lead to a supply shortage and result in price spikes, he said. “One of the bigger risks is not so much that we will become dinosaurs because we are still investing in oil and gas when there is no need for it anymore. A bigger risk is prematurely turning your back on oil and gas.”


Shell plans to increase its annual spending to around $32 billion by 2025 from the current $25 billion, with up to one tenth allocated to renewables and the power business. The company, the world’s largest dividend payer, plans to return $125 billion to shareholders in the five years to 2025.

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“..banning the Chinese vendor would add years of delays and billions of dollars in costs to launching 5G networks.”

New German Rules Leave 5G Telecoms Door Open To Huawei (R.)

Germany has finalised rules for the build-out of 5G mobile networks that, in a snub to the United States, will not exclude China’s Huawei Technologies. Government officials confirmed that Germany’s so-called security catalogue foresaw an evaluation of technical and other criteria, but that no single vendor would be barred in order to create a level playing field for equipment vendors. “We are not taking a pre-emptive decision to ban any actor, or any company,” German government spokesman Steffen Seibert told a news conference in Berlin on Monday. The United States has piled pressure on its allies to shut out Huawei, the leading telecoms equipment vendor with a global market share of 28%, saying its gear contained ‘back doors’ that would enable China to spy on other countries.


German operators are all customers of Huawei and have warned that banning the Chinese vendor would add years of delays and billions of dollars in costs to launching 5G networks. The Shenzhen-based company has denied the allegations by Washington, which imposed export controls on Huawei in May, hobbling its smartphone business and raising questions over whether the Chinese company can maintain its market lead. U.S. officials have also argued that, under China’s national intelligence law, all citizens and companies are required to collaborate in espionage efforts.

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No kidding: “It’s a lot!” Comey told the Times. “Seriously, it’s crazy.”

James Comey Is Swimming In Cash (BI)

Losing a job and having your career go up in flames can be scarring. But the smoldering embers sometimes give forth to fertile new soil from which to start anew. Few have had a more public and dramatic firing than former-FBI director James Comey, who President Donald Trump infamously and suddenly ousted in 2017 amid inquiries into Russian meddling and suspicions that he did not have Comey’s loyalty. That fateful decision sent Comey’s law-enforcement career up in smoke — and precipitated the special-counsel investigation by Robert Mueller — but also laid the groundwork to launch a lucrative second-act in media, including six-figure speaking fees, prestigious writing contracts, a TV series, and a multimillion dollar book deal.

In a profile of his post-FBI life by Matt Flegenheimer in The New York Times, Comey asserts his primary preoccupation now, as a self-described “unemployed celebrity,” is stopping Trump. This vocation, while lacking the official powers of his former post in the FBI, appears well-suited for raking in piles of cash. Comey may have lost a roughly $170,000 annual salary as FBI director, but now he earns as much in a single speaking engagement. He’s been traveling the country giving six-figure paid speeches on leadership, as well as gratis appearances at universities, according to the NYT. “It’s a lot!” Comey told the Times. “Seriously, it’s crazy.”


Comey recently gave talks at Yale, the University of Nevada-Las Vegas, and the Sacramento Speaker Series, and he’s due to speak at “Politicon” in Nashville later this month. He also has a contract to write opinion columns for The Washington Post, according to the NYT. And then there’s the forthcoming CBS Studios miniseries, in which he’ll be portrayed by actor Jeff Daniels. The series is based on Comey’s bestselling 2018 book, “A Higher Loyalty: Truth, Lies and Leadership,” which reportedly netted him millions as well. Of course, Comey was already a multimillionaire before accepting the job in 2013 as FBI director under President Barack Obama. In financial filings, he reported a net worth of $11 million, not including an anticipated $3 million payout from hedge-fund giant Bridgewater Associates, where Comey spent a couple years as general counsel.

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Whitney Webb continues her series.

Ghislaine Maxwell’s Open Secret (Webb)

Media reports cite Prince Andrew and Ghislaine Maxwell as having developed a close relationship at least by February 2000, when Andrew had spent a week at Epstein’s controversial New York penthouse at 9 East 71st Street. One report published in 2000 by London’s Sunday Times claimed that the two were introduced by Andrew’s ex-wife Sarah Ferguson, often referred to as “Fergie” in the press, and further claims that this introduction had taken place several years prior. Epstein is alleged to have first been introduced to Andrew via Maxwell in 1999. Years after this introduction was made, Jeffrey Epstein would provide financial assistance to Ferguson at Prince Andrew’s behest by paying Ferguson’s former personal assistant £15,000, allegedly in order to allow for “a wider restructuring of Sarah’s £5 million debts to take place,” according to The Telegraph.

Oddly, by April of that year, Maxwell and Prince Andrew were spotted by their fellow diners at a posh New York restaurant holding hands, prompting both the Prince and Maxwell to claim that their relationship was merely “platonic.” However, a separate report from 2007 in the Evening Standard refers to Maxwell as one of Prince Andrew’s former girlfriends. Within a year of their close relationship having become public, Andrew and Ghislaine were reported to have gone on eight different vacations together, of which Epstein accompanied them for five. Andrew also brought Maxwell and Epstein to celebrate the Queen’s birthday in 2000 as his personal guests.


Several reports from this period also provide interesting insight into Maxwell’s business activities and private life. One article from 2000, published in London’s Sunday Times, states that “for all her high-profile appearances on Manhattan’s A-List merry-go-round, she [Maxwell] is secretive to the point of paranoia and her business affairs are deeply mysterious.” It goes on to say that Maxwell “has been building a business empire as opaque as father’s” — referencing Robert Maxwell’s business empire, which included multiple front companies for Israeli intelligence — and adds that “her office in Manhattan refuses to confirm even the nature or the name of her business.”

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A slightly different take.

Behind Hong Kong’s Black Terror (Escobar)

The new slogans of Hong Kong’s black bloc – a mob on a rampage connected to the black shirt protestors – made their first appearance on a rainy Sunday afternoon, scrawled on walls in Kowloon. Decoding the slogans is essential to understand the mindless street violence that was unleashed even before the anti-mask law passed by the government of the Special Administrative Region (SAR) went into effect at midnight on Friday, October 4. By the way, the anti-mask law is the sort of measure that was authorized by the 1922 British colonial Emergency Regulations Ordnance, which granted the city government the authority to “make any regulations whatsoever which he [or she] may consider desirable in the public interest” in case of “emergency or public danger”.

Perhaps the Honorable Nancy Pelosi, Speaker of the US House of Representatives, was unaware of this fine lineage when she commented that the law “only intensifies concern over freedom of expression.” And it is probably safe to assume that neither she nor other virulent opponents of the law know that a very similar anti-mask law was enacted in Canada on June 19, 2013. More likely to be informed is Hong Kong garment and media tycoon Jimmy Lai, billionaire publisher of the pro-democracy Apple Daily, the city’s Chinese Communist Party critic-in-chief and highly visible interlocutor of official Washington, DC, notables such as US Vice President Mike Pence, Secretary of State Mike Pompeo, and ex-National Security Council head John Bolton.


On September 6, before the onset of the deranged vandalism and violence that have defined Hong Kong “pro-democracy protests” over the past several weeks, Lai spoke with Bloomberg TV’s Stephen Engle from his Kowloon home. He pronounced himself convinced that – if protests turned violent China would have no choice but to send People’s Armed Police units from Shenzen into Hong Kong to put down unrest. “That,” he said on Bloomberg TV, “will be a repeat of the Tiananmen Square massacre and that will bring in the whole world against China….. Hong Kong will be done, and … China will be done, too.”

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Science fights poverty?! Sounds like absolute BS to me. I asked Steve Keen if he knows the winners. He replied:

“No. Experimental economics is the latest fad, though it’s not supposed to encompass real world experiments like the IMF’s program for Argentina.”

Trio Wins Economics Nobel For Science-Based Poverty Fight (R.)

U.S.-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize on Monday for work fighting poverty that has helped millions of children by favoring practical steps over theory. French-American Duflo becomes only the second woman to win the economics prize in its 50-year history, as well as the youngest at 46. She shared the award equally with Indian-born American Banerjee and Kremer, also of the United States. The Royal Swedish Academy of Sciences said their work had shown how poverty could be addressed by breaking it down into smaller and more precise questions in areas such as education and healthcare, and then testing solutions in the field.

It said the results of their studies and field experiments had ranged from helping millions of Indian schoolchildren with remedial tutoring to encouraging governments around the world to increase funding for preventative medicine. “It starts from the idea that the poor are often reduced to caricatures and even the people that try to help them do not actually understand what are the deep roots of (their) problems,” Duflo told reporters in Stockholm by telephone. “What we try to do in our approach is to say, ‘Look, let’s try to unpack the problems one-by-one and address them as rigorously and scientifically as possible’,” she added.


The team pioneered “randomized controlled trials”, or RCTs, in economics. Long used in fields such as medicine, an RCT could for example take two groups of people and study what difference a treatment makes on one group while the other group is only given a placebo. Applied to development economics, such field experiments found for example that providing more textbooks and free school meals had only small effects, while targeting help for weak students made a big difference to overall educational levels. “It’s a prize not just for us but for the whole movement,” Banerjee later told a joint news conference at the Massachusetts Institute of Technology (MIT), where they both work. Kremer is a researcher at Harvard University.

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When small men begin to cast big shadows, it means that the sun is about to set


Lin Yutang

 

 

 

Oct 142019
 
 October 14, 2019  Posted by at 8:55 am Finance Tagged with: , , , , , , , , , , , ,  7 Responses »


Martin Johnson Heade Thunderstorm on Narragansett Bay 1868

 

Syrian Army Deployed To Country’s Northeast To Counter ‘Turkish Aggression’ (RT)
Putin Says Trump Not To Blame For Lack Of Improvement In Russia-US Ties (R.)
“If The Entire System Collapses, Gold Will Be Needed To Start Over” (ZH)
Lisa Page’s ‘Quid Pro Quo’ With State Department Over Hillary Email (DM)
Johnson To Set Out Post-Brexit Law And Order Drive In Queen’s Speech (R.)
China 9-Month Exports To US Down 10.7%, Imports Fall 26.4% (R.)
Emirates President Does Not Expect To Take Any Boeing 777x In 2020 (R.)
Ecuador Repeals Law Ending Fuel Subsidies In Deal To Stop Protests (BBC)
Catalonia Leaders Jailed For Between 9 And 13 Years By Spanish Court (BBC)

 

 

Now we can wait for US media suggesting Trump left Syria so Putin could move in.

Syrian Army Deployed To Country’s Northeast To Counter ‘Turkish Aggression’ (RT)

Syrian government troops have reportedly entered Tell Tamer, a town in the middle of Kurdish-controlled part of the country, amid a continued Turkish offensive against Kurdish militias. Troops of the Syrian Arab Army have entered the town on Monday, according to the news agency SANA. Tell Tamer is a relatively small town, but it’s located on an intersection of several major roads and has strategic importance. Earlier the government troops were reported entering Al-Thawrah, a city in the Raqqa governorate located on the Euphrates River and famous for its proximity to a major dam. The relocation of Syrian troops comes as Kurdish militias in northeastern Syria face an incursion from neighboring Turkey.

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See? He’s Putin’s lapdog.

Putin Says Trump Not To Blame For Lack Of Improvement In Russia-US Ties (R.)

Moscow is not blaming U.S. President Donald Trump for failing to improve U.S.-Russian relations, a pledge he had made during his election campaign, Russian President Vladimir Putin said in an interview with Arab broadcasters. “We know that, including during his previous election campaign, he spoke in favor of a normalization (of U.S.-Russia relations), but unfortunately it has not happened yet,” Putin told Al Arabiya, Sky News Arabia and RT Arabic. “But we have no claims because we see what’s going on in U.S. domestic politics,” he said, according to a transcript published on the Kremlin’s website on Sunday.


Putin said the “internal political agenda” was not allowing Trump to take steps aimed at a drastic improvement of bilateral relations, adding Moscow would in any case work with any U.S. administration to the extent that Washington itself wants. Putin also said Russia had weapons that neutralize any threat from NATO’s missile deployments in Poland and Romania. “This obviously poses a threat to us because it’s an attempt to level out our strategic nuclear potential. It’s bound to fail, this attempt, it’s already obvious,” he said.

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A: There’s only one central bank in Europe. B: A lot of Dutch gold is in London and the US.

“If The Entire System Collapses, Gold Will Be Needed To Start Over” (ZH)

An article published by the De Nederlandsche Bank (DNB), or Dutch Central Bank, has shocked many with its claim that “if the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security.” [..] The article, titled “DNB’s Gold Stock” states: “A bar of gold retains its value, even in times of crisis. This makes it the opposite of “shares, bonds and other securities” all of which have inherent risk and prices can go down. According to the IMF’s latest data, the DNB holds 615 tons (15,000 bars) of gold mainly in Amsterdam, with other stores in the U.K. and North America; the value of this gold reserve is over €6 billion ($6.62 billion).


Calling gold the “trust anchor,” the article details briefly why the hard asset is so important to wealth building and the global economy, claiming: “Gold is… the trust anchor for the financial system. If the whole system collapses, the gold stock provides a collateral to start over. Gold gives confidence in the power of the central bank’s balance sheet.” Why this sudden admission of what goldbugs have been saying for years? Perhaps it has to do with the fact that on October 7, the bank announced it would soon be moving a large part of its gold reserves to “the new DNB Cash Center at military premises in Zeist.” Almost as if the Netherlands is preparing for the grand reset, and is moving its most valuable asset to a “military” installation just for that purpose.

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These people really thought they were running the country.

Lisa Page’s ‘Quid Pro Quo’ With State Department Over Hillary Email (DM)

An FBI employee who texted with her in-house lover about blocking Donald Trump’s presidential ambitions wrote in 2016 of a ‘quid pro quo’ with the State Department to hide the fact that an email found on Hillary Clinton’s home-brew email server was considered classified. Lisa Page fretted in the closing days of the presidential campaign about a pending Freedom of Information Act disclosure of a discussion between top State and Justice Department officials about the potential trade. Under the arrangement, the State Department would have given the FBI more legal attachés for its overseas division in exchange for altering the basis for keeping one of the Clinton emails from the public.


At the time, the email in question was exempt from FOIA requests because it was classified – a fact that was ultimately made public. The FBI had asked the State Department to ‘change the basis of the FOIA withhold [decision] … from classified to something else.’ The plot was never consummated. But Page, an FBI lawyer, was worried enough about it at the time to alert her colleagues that other employees had told investigators about it. One of those colleagues was Peter Strzok, the married FBI agent she was having an affair with.

The email came to light on Monday as part of a raft of material released by Judicial Watch, a conservative government transparency group whose standard practice is to sue government agencies that slow-walk the disclosure of public records. Page and Strzok became poster children in 2017 for conservatives’ claims that the Burean was biased against Trump and took actions to tilt the election in Clinton’s favor despite the national security threats posed by classified material found on her unsecured private email server.

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“What we’ve got in effect is a party political broadcast from the steps of the throne.”

Johnson To Set Out Post-Brexit Law And Order Drive In Queen’s Speech (R.)

Queen Elizabeth will on Monday announce several new pieces of legislation to reform Britain’s justice system, in a ceremonial speech setting out Prime Minister Boris Johnson’s post-Brexit plans. The so-called Queen’s Speech is the highlight of a day of elaborate pageantry in Westminster and is used to detail all the bills the government wants to enact in the coming year. It is written for the 93-year old monarch by the government. But, with Brexit unresolved, and any plans beyond even the next seven days likely subject to an unpredictable election, rival parties said Johnson was misusing the politically-neutral Queen for political gain.

The speech will lay out 22 new bills – pieces of proposed legislation – including several covering tougher treatment for foreign criminals and sex offenders, and new protection for victims of domestic abuse. “Keeping people safe is the most important role of any government, and as the party of law and order it is the Conservatives who are cracking down on crime and better protecting society,” a statement from Johnson’s office setting out some details of the speech said. It will almost certainly include a section on a law to enact a Brexit deal. But, while any deal is still in the balance, new details are unlikely. The speech will also touch on election campaign issues like the health service and living standards.


“Having the Queen’s Speech and the State Opening of Parliament tomorrow is ludicrous, utterly ludicrous,” Corbyn said in a Sky News interview broadcast on Sunday. “What we’ve got in effect is a party political broadcast from the steps of the throne.”

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Think it’s all the trade war?

China 9-Month Exports To US Down 10.7%, Imports Fall 26.4% (R.)

China’s exports to the United States fell 10.7% from a year earlier in dollar terms in January-September, while U.S. imports dropped 26.4% during that period, a Chinese customs spokesman said on Monday. Trade frictions with the United States have led to some pressure on Chinese trade, although the latest Sino-U.S. trade talks have yielded favorable outcomes in some areas, customs spokesman Li Kuiwen told reporters.

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Boeing has a lot of problems.

Emirates President Does Not Expect To Take Any Boeing 777x In 2020 (R.)

Emirates doubts it will receive any of the 115 Boeing 777-9s it has ordered next year, its president said on Monday, as the U.S. planemaker grapples with challenges in building the jet. Emirates, a launch customer of the world’s biggest twin engined jet, was to receive its first 777-9 in 2020 but the manufacturer has suspended load testing of the plane. “… By the end of next year we were to have eight of them. Now it doesn’t look like we will have any,” Tim Clark said at a conference in Dubai. Boeing suspended load testing of the new widebody in September when media reports said a cargo door failed a ground stress test.


There have also been issues with General Electric’s new GE9X turbine engine that will power the jet. Boeing has said it expects to hold the initial flight test in 2020 and is aiming for the 777X to enter commercial service in the same year. Clark said he had told Boeing he insists on a 13 to 16 month test period for the new jet. Emirates ordered 150 777X jets, including 777-8 variants, in 2013. It later placed a preliminary order for 40 Boeing 787 Dreamliner jets in 2017, which Clark said he still saw a place for in the airline’s fleet plans. Boeing has also been unable to deliver any of its 737 MAX aircraft since the single-aisle plane was grounded worldwide in March…

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Are they going to let Moreno stay in power?

Ecuador Repeals Law Ending Fuel Subsidies In Deal To Stop Protests (BBC)

Ecuador’s government has agreed to restore fuel subsidies in a deal with indigenous leaders to end mass protests that have brought the capital, Quito, to a standstill, the UN says. It came after the two sides held talks brokered by the UN and the Roman Catholic Church. The talks, which were broadcast live on state television, came after nearly two weeks of violent demonstrations. President Lenín Moreno had imposed a curfew enforced by the military. The announcement after Sunday’s meeting sparked late night celebrations in Quito. Fireworks were set off and car drivers honked their horns. A joint statement said the government had withdrawn an order removing the fuel subsidies. “With this agreement, the mobilisations… across Ecuador are terminated and we commit ourselves to restoring peace in the country,” it said.

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Europe, 2019.

Catalonia Leaders Jailed For Between 9 And 13 Years By Spanish Court (BBC)

Spain’s Supreme Court has sentenced nine Catalan separatist leaders to between nine and 13 years in prison for sedition over their role in an independence referendum in 2017. Three other defendants were found guilty of disobedience but will not serve prison sentences. The 12 politicians and activists had all denied the charges. Separatists in Catalonia were planning mass civil disobedience ahead of the verdict. The prosecution had sought up to 25 years in prison for Oriol Junqueras, the former vice-president of Catalonia and the highest-ranking pro-independence leader on trial.

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It’s time for much larger crowds.

 

 

 

 

Oct 132019
 
 October 13, 2019  Posted by at 9:25 am Finance Tagged with: , , , , , , , ,  5 Responses »


Paul Gauguin Huts under trees 1887

 

All Foreign Forces Should Leave Syria, Including Russia – Putin (RT)
Domestic Politics, Idlib Sway Timing Of Turkey’s Syrian Operation (AlM)
Army Deployed In Ecuador As Protests Descend Into Violence (G.)
Ecuador Indigenous Group Says Will Continue Protests After Curfew Imposed (R.)
Johnson Will Speak To EU Leaders On Brexit Deal By End Of Monday (R>)
Labour Will Stop No-Deal Brexit ‘Whatever It Takes’ – Starmer (G.)
The Beginning of the End (Sven Henrich)
White House Accidentally Sends Ukraine Talking Points To Democrats Again (Hill)

 

 

Number of things on Turkey’s attack on Syria. First, Putin is right. Let Syrians return and let them be safe at home. Would solve many problems in one go.

All Foreign Forces Should Leave Syria, Including Russia – Putin (RT)

The territorial integrity of Syria must be fully restored and all foreign forces should withdraw, including Russia if Damascus decides it doesn’t need Moscow’s help anymore, according to President Vladimir Putin. “All the forces deployed illegitimately inside any sovereign state – in this case Syria – must leave,” Putin said in a joint interview with RT Arabic, UAE-based Sky News Arabia, and Saudi Arabia’s Al-Arabiya broadcasters. This is true for everyone. If Syria’s new legitimate government chooses to say that they have no more need for Russia’s military presence, this will be just as true for Russia. Meanwhile, Moscow’s stance on the settlement in Syria remains unchanged and was already relayed to its partners Iran, Turkey and the US, the president noted.


“Syria must be free from other states’ military presence. And the territorial integrity of the Syrian Arab Republic must be completely restored.” Earlier this month, US President Donald Trump announced the withdrawal of US troops from border areas in northeastern Syria, saying it was time to “get out of ridiculous endless wars.” Unlike the Russian military, which arrived in the country at an invitation of the government in Damascus, US forces have been in Syria illegally since 2016. The Syrian government has repeatedly blasted the American military presence as a violation of its sovereignty. Putin was also asked about Moscow’s attitude towards NATO’s eastward expansion and buildup near Russian borders. “We are not happy about it… and voiced our concerns,” he replied.

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Then some background from Al Monitor on 3.6 million Syrian refugees in Turkey. The west doesn’t do anything to solve the situation, apart from some money now and then. But it was the west that caused the problems with its attacks on Syria, Lybia etc.

Domestic Politics, Idlib Sway Timing Of Turkey’s Syrian Operation (AlM)

Ankara is greatly concerned over the prospect of a new refugee influx from Idlib that would further entangle Turkey’s Syrian refugee problem. President Recep Tayyip Erdogan had warned in September that Turkey cannot tolerate another refugee wave atop the 3.6 million Syrians it is already hosting. Besides putting strains on Turkey’s financial resources and social stamina, the Syrian refugee problem has proved increasingly costly for the AKP in terms of domestic politics. It is no coincidence that since the party’s rout in the June 23 rerun in Istanbul, government spokesmen have constantly touted the safe zone plan inside Syria as a way to expedite the return of Syrian refugees.

Across Turkey and in big cities in particular, most of the Syrian refugees live in close proximity to AKP voters, either in the same neighborhoods or adjoining ones. Under the impact of the economic crisis, tensions between locals and refugees have grown, contributing to a gradual disenchantment with the government among AKP voters. In Istanbul — the heartbeat, the spirit and the mirror of the country — 73% of some 479,000 registered Syrians live in districts where local administrations are controlled by the AKP. Out of the 10 districts with the largest refugee numbers, seven are held by the AKP. Similarly, eight of the 10 districts with the biggest refugee populations in proportion to the locals are run by the AKP.


While announcing the launch of Operation Peace Spring, Erdogan said the campaign would “lead to the establishment of a safe zone, facilitating the return of Syrian refugees to their homes.” The political motive underlying this pledge rests on the fact that the Syrian refugee problem is becoming unbearable for the government. If the campaign progresses as planned, leading the Turkish military and its Syrian allies to take control of a border stretch running 30 kilometers (19 miles) deep to the east of the Euphrates, the Syrians who could be forced to flee Idlib in the near future could perhaps be placed in tent cities in this “security belt” without being let into Turkey at all and instead transferred via Afrin and al-Bab, which are already under Turkish control.

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However, when it comes to Ecuador, the Guardian has an entirely different point of view. Not surprising, since they sided with Moreno against Assange. But my Twitter feed is full of videos of extreme Ecuador police and army violence against their own people, snipers on rooftops, the works. Looks just like the Turkish-led assault on Kurds. The Guardian, though, suggests in this case the protesters are violent.

Army Deployed In Ecuador As Protests Descend Into Violence (G.)

President Lenín Moreno ordered the army on to the streets of Ecuador’s capital Quito after a week and a half of protests over fuel prices devolved into violent incidents, with masked protesters attacking a television station, newspaper and the national auditor’s office. Moreno said the military enforced curfew would begin at 3pm local time in response to violence in areas previously untouched by the protests. Masked protesters broke into the national auditor’s office and set it ablaze, sending black smoke billowing across the central Quito park and cultural complex that have been the epicentre of the protests.

Later, several dozen masked men swarmed the offices of the private Teleamazonas television station, set fires on the grounds and tried to break into the building where about 20 employees were trapped. “They’re trying to enter the station, trying to break down the doors, we’re asking for help but the police aren’t coming,” one employee told the Associated Press. A journalist with the newspaper El Comercio told the AP that the paper’s offices were also under attack. The building’s security guards were seized and tied up and attackers were trying to break into offices where journalists were hiding.


Moreno appeared on national television alongside his vice-president and defence minister to announce that he was ordering people indoors and sending the army on to the streets. He blamed the violence on drug traffickers, organised crime and followers of former president Rafael Correa, who has denied allegations that he is trying to topple Moreno’s government.

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Moreno has turned into a right-wing US backed dictator, that much is clear. Guess we’ll never know what they have on him that made him turn 180º.

Ecuador Indigenous Group Says Will Continue Protests After Curfew Imposed (R.)

Ecuadorean indigenous group Conaie said late on Saturday that it would continue anti-austerity protests after President Lenin Moreno imposed a military-enforced curfew in the capital Quito and the armed forces said they would restrict movement across the country. The group suggested that its decision earlier in the day to hold direct talks with Moreno about a decree that cut fuel subsidies might be at risk by the military crackdown. Conaie has led protests against the law but has rejected vandalism that swept Quito on Saturday. “There’s no real dialogue without guarantees for the safety of indigenous leaders,” Conaie said in a statement on Twitter.


“We’ll carry out approaches to try to repeal the decree,” it added, “but we will hold protest actions nationally..exhorting the government to provide necessary guarantees.” It did not specify when it would hold protests or if it would do so in defiance of the curfew. Moreno did not say when the curfew in Quito would end.

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Was Boris only now advised about violence?

Johnson Will Speak To EU Leaders On Brexit Deal By End Of Monday (R>)

British Prime Minister Boris Johnson will speak to German Chancellor Angela Merkel, French President Emmanuel Macron and European Commission President Jean-Claude Juncker by the end of Monday to urge the leaders to support his Brexit deal, the Sunday Times reported. Johnson will offer the three leaders the option to either help him deliver a new deal this week, or to agree on a friendly version of a no-deal Brexit by Oct. 31, the newspaper said, citing a source familiar with the conversations. “He’ll be talking to Merkel, Macron and Juncker by the end of Monday to see if there’s agreement on a ‘landing zone’ for Northern Ireland and customs,” the source was quoted as telling the newspaper.


“The alternative is to agree a friendly version of no deal and finish it that way.” Security chiefs have convinced Johnson that a no-deal Brexit will heighten the danger of extremist attacks in Northern Ireland and on the mainland, along with sectarian violence in cities such as Glasgow, according to the report. As a result, the British prime minister desperately wants a Brexit deal, the Sunday Times reported. “Any one of these risks we could cope with, but taken collectively they would be a massive challenge to the UK state and no one would choose to go down that route,” Johnson told a senior Conservative in a private conversation, according to the newspaper.

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is it election time already?

Labour Will Stop No-Deal Brexit ‘Whatever It Takes’ – Starmer (G.)

Labour will take action in the courts to prevent Boris Johnson from pushing through a no-deal Brexit against the will of parliament, Keir Starmer has pledged. The shadow Brexit secretary said that if the prime minister is unable to reach an agreement with Brussels by 31 October, he must comply with the Benn act and seek a further delay. In a speech at the Co-operative party conference in Glasgow, Starmer said: “If he can’t – or I should say won’t – get a deal we will take whatever steps are necessary to prevent our country crashing out of the EU without a deal. “If no deal is secured by this time next week, Boris Johnson must seek and accept an extension. That’s the law. No ifs, no buts. And if he doesn’t, we’ll enforce the law – in the courts and in parliament. Whatever it takes, we will prevent a no-deal Brexit.”


Starmer dismissed suggestions that the prime minister could circumvent the law by accompanying a request for an extension with a second letter to the EU saying he did not want one. “That’s the equivalent of attaching a Post-it note to divorce papers saying ‘only kidding’ – It’s a ridiculous idea,” he said. Officials are continuing talks in Brussels over the weekend after the EU’s chief negotiator, Michel Barnier, gave the go-ahead on Friday for intensive negotiations to start. Starmer said that if the prime minister succeeded in getting an agreement, Labour would demand it was put to the public in a referendum.

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“And really Fed? You are throwing this $60B a month announcement out on a Friday with the $DJIA already up 350 points?”

The Beginning of the End (Sven Henrich)

They sure are trying their best. To do what? To goose markets higher. It’s been quite the spectacle all year, but this Friday sure took the cake. The entire week had been a giant jerk fest of sudden rips and dips as headline chasing algos were ripping through support and resistance levels unleashed like fat kids at the candy shop. But this Friday was something else, almost designed to have markets overdose on an insulin spike. Ever more hyped up on an impending China deal, every meeting, and movement of negotiators caused market spikes, a Trump tweet about “warm feelings”, a $82.7B repo operation by the Fed to keep things tidy, a sudden out of the blue $60B/month Treasury buying operation announced by the Fed, multiple Fed speakers to boot, what a scene.

And really Fed? You are throwing this $60B a month announcement out on a Friday with the $DJIA already up 350 points? What are you thinking here? The Fed knows this kind of announcement juices up markets. The Fed sheepishly claims it’s not QE. Oh piss off already. Expanding the balance sheet by $60B a month is a massive intervention any way you cut it or slice it. How big? Do the math. $60B per month is a run rate of $720B a year. And while they claim they’ll stop it in Q2 next year who really believe anything they say? Did you believe QT was on autopilot last year? Lol. Fool me once.


You know what else is $720B a year or $60B a month? The ENTIRE US MILITARY BUDGET. The largest military budget on the planet. Millions under arms, submarines, aircraft carriers, nuclear arsenal, bombers, fighter jets, military bases across the globe, satellites, drones, laser guided missiles, you name it. All of it runs at $60B per month. So lest everyone is blind to numbers these days as everything is so monstrous our eyes glaze over I trust this comparison highlights how massive the Fed’s announcement was on Friday. But not QE. Right. Believe it if you so choose.

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Accidental? You sure?

White House Accidentally Sends Ukraine Talking Points To Democrats Again (Hill)

The White House accidentally sent Democrats a list of talking points related to ex-Ukraine Ambassador Marie Yovanovitch’s Friday House deposition, two sources with knowledge of the email told The Hill, the second time in a month the administration has sent its Ukraine talking points to Democrats. The email included guidance for Republicans seeking to defend the president from potentially damaging witness testimony from an ambassador who was removed from her post in May under controversial circumstances. In copies of the guidance shared with The Hill, the White House encouraged Republicans to adopt a series of messages designed to turn the tables back on Democrats, including attacks on House Intelligence Committee Chairman Adam Schiff’s (D-Calif.) handling of the investigation.

Yovanovitch told House lawmakers that she was removed after “a concerted campaign” against her from President Trump and his allies. She also said in her opening statement that the State Department had “been under pressure from the president to remove me since the summer of 2018.” Yovanovitch’s ouster came two months before Trump’s July 25 phone call with the Ukrainian president — now at the center of Democrats’ impeachment inquiry — in which Trump asked Kiev to open an investigation into former Vice President Joe Biden, a leading 2020 presidential candidate. “We are not concerned with any information Yovanovitch might share, because the President did nothing wrong,” the White House email meant for Republicans said.


“But we are concerned that Schiff is putting her in a precarious position by having her testify in secret without State Department lawyers be present.” “It raises serious questions about why Schiff is willing to put career officials in such risky situations while bullying them with legally unfounded threats of obstruction charges,” the email continued. It added that Schiff “is willing to ride roughshod over fair process and to use career officials to further a baseless political objective.” The email marks the second time the White House has unintentionally sent talking points to Democrats in recent weeks, after an administration official inadvertently emailed them suggested rhetoric defending the July 25 phone call.

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