Jan 192021
 
 January 19, 2021  Posted by at 10:26 am Finance Tagged with: , , , , , , , , , ,  32 Responses »


Claude Monet The house at Yerres 1876

 

The Zeitgeist Wants What the Zeitgeist Wants (Kustler)
Can Joe Biden Succeed Where Barack Obama Failed? (Sirota)
McConnell, Schumer Close In On Power-Sharing Agreement (CNN)
Critics Reject $1.9 Trillion Biden COVID Plan As ‘Liberal Wishlist’ (JTN)
Hillary, Pelosi Wonder if Trump Spoke to Putin on Day of Capitol Riot (BB)
Kremlin Joins EU Officials In Denouncing Big Tech Censorship (JTN)
Germany Weighs Up Mandatory FFP2 Masks In Shops And On Transport (G.)
Evolution of Antibody Immunity to SARS-CoV-2 (Nature)
Washington State Partners With Starbucks For Vaccine Distribution (F.)
EU-US Relations Under Biden Won’t Be The Same As Before Trump (EN)
Trump Announces 200 Statues To Be Built For ‘American Heroes’ (JTN)
My Letter to President Trump (Joe Lauria)

 

 

The internet, our greatest tool of emancipation, has been transformed into the most dangerous facilitator of totalitarianism we have ever seen. The internet is a threat to human civilization.
– Julian Assange

 

 

 

 

“He’ll be great in the war room, I’m sure.”

The Zeitgeist Wants What the Zeitgeist Wants (Kustler)

The hypothetical Biden Administration is shaping up to be something like a four-year-long séance, a conjuring of apparitions wailing out talking points in a darkened room. The actual location of the inaugural event remains a mystery, or even if it will be an event, maybe just a pre-recorded video concoction of Mr. Biden’s greatest hits of 2020. Check and see if he’s wearing the same necktie from beginning to end. If a hologram is inaugurated, does that make the land-mass between Montauk and Santa Barbara a post-structural figment? The “president-elect,” made an ectoplasmic appearance Sunday talking up “science,” the Democrat’s mental life-preserver, and then shuffled offstage in an apparent fog of confusion as the Ritalin wore off. He’ll be great in the war room, I’m sure.

The mystery surrounding DNI John Ratcliffe’s long overdue report on foreign interference in the election cleared up only a little with the release of a letter sent January 8th to the Senate Intelligence Committee. In it, citing a side report from Intel Community Ombudsman Barry Zulauf, Mr. Ratcliffe refers to “undue pressure being brought to bear” on analysts by CIA management to craft their conclusions according to political loyalties. In other words, once again the CIA appears to be playing games with the American people and can’t be trusted. Isn’t that reassuring?

Meanwhile, The New York Times, CNN, and MSNBC have turned into a nonstop gloat-fest anticipating the punishments to be dished out by progressive Wokesterdom against anyone who ever entertained a thought about or uttered the phrase “stolen election.” They can kiss their livelihoods goodbye. Their college degrees will be revoked by such bastions of free thinking as Harvard. Their websites will be liquidated. Senators and congresspersons must be thrown out of their seats. They’ll be reduced to squatting on filthy blankets at the entrance of the Walmart begging for spare change, or hauled off to re-education camps where NPR lawyers with riding crops preside over their therapeutic struggle sessions, beating the wrongthink out of their hides. For Democrats, vengeance is a dish to be served piping hot. Would you like flies with your shit sandwich?

Ha ha ha. CNN doesn’t like competition. “There are people on YouTube for example that have a larger audience than daytime CNN.” Note the link to ISIS ingested into the conversation. Dangerous people.

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Obama is very closely behind Biden.

Can Joe Biden Succeed Where Barack Obama Failed? (Sirota)

Twelve years after Joe Biden was sworn in as the vice president of hope and change, hope is in short supply and the need for change is even more acute. Progressives have a rare opportunity to enact their agenda—but they will need to play the kind of hardball they have backed away from in the past, because Biden continues to send conflicting messages. For every promise of transformational change, he signals a desire to appease a Republican Party intent on destroying his presidency. The stakes could hardly be higher: One out of every thousand Americans has died from a lethal pandemic, with no end yet in sight. The economy is officially still humming along, but millions face eviction, bankruptcy and hunger. Even U.S. democracy is under unprecedented siege by an insurrectionist movement encouraged by the outgoing president and his loyalists in Congress.


The path forward is difficult to envision amid the fog of culture war, political war and the threat of actual, real-life civil war. But it is clear that Biden is at a crossroad and still unsure which way to go. He can follow his boss, Barack Obama, who pursued bipartisanship, comity and compromise—accommodating corporate power. Or he can break toward the path of Franklin Delano Roosevelt, who did battle with oligarchy, stood down fascism and welcomed the hatred of the rich. One thing he cannot do is try to go in both directions. The lesson of the Obama administration is that you can have appeasement or transformative progress, but you almost certainly cannot have both.

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The boys are back in power.

McConnell, Schumer Close In On Power-Sharing Agreement (CNN)

The top two Senate leaders are nearing a power-sharing agreement to hash out how the evenly divided chamber will operate, with Democrats in charge of setting the schedule but both parties likely to hold an equal number of seats on Senate committees, according to sources familiar with the talks. The negotiations between Democratic Leader Chuck Schumer and Republican Leader Mitch McConnell have been built largely around how the Senate operated the last time the body was split 50-50: When George W. Bush initially became president in 2001. Final details are still being sorted out between the two leaders, sources said.


Similar to those rules, set in January 2001, Schumer and McConnell aides are discussing allowing bills and nominations to advance to the Senate floor even if they are tied during committee votes, something that could become common given that each party is expected to have the same number of seats on committees. Democrats will hold the chairmanships of the committees, giving them power to set the agenda, and Schumer will be granted the title of majority leader since Vice President-elect Kamala Harris will cast tiebreaking votes on the floor. The full chamber still has to ratify these procedures, but that is expected to occur once Schumer and McConnell have finalized their agreement.

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No DC without pork. Tons of it.

Critics Reject $1.9 Trillion Biden COVID Plan As ‘Liberal Wishlist’ (JTN)

Critics of President-Elect Joe Biden’s $1.9 trillion COVID-related spending plan say the proposal goes far beyond coronavirus relief into subsidizing teachers’ unions and prioritizing taxpayer money to be spent on non-white, non-male-owned businesses rather than taking a color- and gender-blind approach. Biden’s proposal comes in addition to the $900 billion passed by Congress and signed by President Trump last month, and on top of the $2.9 trillion stimulus package passed in the spring of 2020. Sen. Bernie Sanders (I-Vt.), a self-described “democratic socialist” called Biden’s plan just a “first installment.”


In an interview with the “Just the News AM” television program, Rep. Elise Stefanik (R-N.Y.) called the plan “another multitrillion dollar liberal wishlist” that she opposed. “I just hope that President-Elect Biden looks to work with Republicans, rather than just really bowing to the far left, the AOC wing of the party where I think there’s gonna be a lot of pressure to do that,” Stefanik said, alluding to the bloc led by Rep. Alexandria Ocasio-Cortez (D-N.Y.). Though the Biden plan carves out $70 billion for COVID-related vaccines, therapies and testing (this is on top of the $42 billion passed last month), critics of the plan say that the vast majority of the rest of the funding is more focused on income redistribution to advance long-term Democratic social policies.

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It’s a disease. There’s no cure.

Hillary, Pelosi Wonder if Trump Spoke to Putin on Day of Capitol Riot (BB)

Failed Trump challenger Hillary Clinton said she would “love” to see President Donald Trump’s phone records to see “whether he was talking to Putin the day that the insurgents invaded our Capitol” on January 6, making the remarks during a bonus episode of her podcast You and Me Both released Monday. House Speaker Nancy Pelosi (D-CA) appeared as the featured guest on the bonus episode and discussed the series of events that occurred on January 6 — the day protesters breached the U.S. Capitol as Congress gathered to certify the electoral vote. Clinton, one of the central champions of the debunked Trump-Russia collusion narrative that dominated the first years of Trump’s presidency, revealed her own suspicion that Trump could have been in contact with Russian President Vladimir Putin on the day of the protest.

“We learned a lot about our system of government over the last four years with a president who disdains democracy and, as you have said numerous times, has other agendas,” Clinton said. “What they all are, I don’t think we yet know. I hope historically we will find out who he’s beholden to, who pulls his strings. I would love to see his phone records to see whether he was talking to Putin the day that the insurgents invaded our Capitol,” Clinton continued, also placing blame on Trump’s “enablers,” “accomplices,” and “cult members” — a likely reference to his supporters, whom she famously referred to as “deplorables” during her 2016 campaign. “Do you think we need a 9/11-type commission to investigate and report everything that they can pull together and explain what happened?” Clinton asked the speaker, who responded, “I do.”

“To your point of who is he beholden to, as I’ve said over and over, as I said to him in that picture with my blue suit as I was leaving, what I was saying to him as I was pointing, rudely, at him: ‘With you, Mr. President, all roads lead to Putin,’” Pelosi told Clinton, referring to the January 6 events as a “gift to Putin” as he “wants to undermine democracy in our country and throughout the world.” “And these people, unbeknownst to them, maybe, are Putin puppets. They were doing Putin’s business when they did that at the incitement of an insurrection by the president of the United States,” she added.

Hillary Pelosi Putin

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What does Hillary think?

Kremlin Joins EU Officials In Denouncing Big Tech Censorship (JTN)

Russian Foreign Minister Sergey Lavrov on Monday joined calls from European Union officials to reign in the censorship power of Big Tech. In a Moscow news conference, Lavrov characterized the tech giants as extra-governmental entities that impose their own rules on public discourse. “Let’s hope that American society will not let its elites use blatant censorship, flagrant infringement of the Constitution and international commitments in its struggle against one other,” Lavrov said in the Jan. 18 news conference. “If it fails to cope with this problem, we all should be ready to face the consequences of such a failure of the American state, and these consequences would be very serious for the global arena.”

Russia’s top diplomat made his comments in the wake of high-profile social media platforms Twitter, Facebook, and Instagram abolishing accounts belonging to President Donald Trump. Although Facebook and Instagram have restored some elements of the president’s accounts, Twitter has not. The platform leader, Jack Dorsey, has disregarded public outcry against Twitter’s seemingly capricious enforcement of its terms of use, and has upheld the ban against Trump. The social media censorship moves against Trump and others last week brought cries of alarm from the European Commission, which is the executive branch of the European Union. A commission official, Prabhat Agarwal, reportedly spoke out Jan. 11 in a meeting with fellow lawmakers.

“It is no longer acceptable in our view that platforms take some key decisions by themselves alone without any supervision, without any accountability, and without any sort of dialogue or transparency for the kind of decisions that they’re taking,” said Agarwal, who leads a commission e-commerce unit. “Freedom of expression is really a key value in this.” [..] “Recent events, including those in the United States, [pertain] to a situation when half a dozen people who have created their technological empires do not even want to know what rights they have in their countries,” Lavrov said. “They themselves define their rights on the basis of so-called corporate norms and they don’t care a bit about the constitutions of their nations. We have clearly seen this in the United States, and this, of course, causes serious concern.”

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Took just one year.

Germany Weighs Up Mandatory FFP2 Masks In Shops And On Transport (G.)

Germany is weighing up following Austria and Bavaria’s lead in making it compulsory to wear full protective filter masks on public transport and in shops, as the country remains on high alert about the impact of possible coronavirus mutations. The Austrian chancellor, Sebastian Kurz, announced on Sunday that wearing single-use filtering facepiece respirator, or FFP2, masks would become mandatory on public transport and in shops from 25 January, as the Alpine state moves to extend its national lockdown until 7 February.

In Germany’s largest and southernmost state, Bavaria, a similar requirement for trains, trams, buses and supermarkets came into force on Monday, though the new rule will not be policed until 24 January and allows for exemptions for bus drivers, ticket inspectors and children under the age of 15. The German chancellor, Angela Merkel, and the heads of the country’s 16 federal states are expected to discuss following the Bavarian blueprint at a summit on Tuesday in spite of a recent reduction of infection rates. A night-time curfew and new remote-working requirements could also accompany an expected extension of the lockdown into February.

When fitted properly, FFP2 masks promise to filter out at least 94% of particles but are also more expensive, usually retailing at between €2 and €5 per mask. If FFP2 masks were made mandatory before suppliers are unable to meet the new demand, prices are expected to rise further. Some virologists warn a new compulsory mask rule could end up being counterproductive. “In theory, the move to more professional masks is welcome,” said Jonas Schmidt-Chanasit, a German virologist and Professor of Arbovirology at the University of Hamburg. “But I’d be wary of simply copying the Bavarian model without considering the possible downsides.

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Antibodies evolve along with virus mutations.

Evolution of Antibody Immunity to SARS-CoV-2 (Nature)

Severe acute respiratory syndrome coronavirus-2 (SARS-CoV-2) has infected 78 million individuals and is responsible for over 1.7 million deaths to date. Infection is associated with development of variable levels of antibodies with neutralizing activity that can protect against infection in animal models. Antibody levels decrease with time, but the nature and quality of the memory B cells that would be called upon to produce antibodies upon re-infection has not been examined. Here we report on the humoral memory response in a cohort of 87 individuals assessed at 1.3 and 6.2 months after infection. We find that IgM, and IgG anti-SARS-CoV-2 spike protein receptor binding domain (RBD) antibody titres decrease significantly with IgA being less affected.


Concurrently, neutralizing activity in plasma decreases by fivefold in pseudotype virus assays. In contrast, the number of RBD-specific memory B cells is unchanged. Memory B cells display clonal turnover after 6.2 months, and the antibodies they express have greater somatic hypermutation, increased potency and resistance to RBD mutations, indicative of continued evolution of the humoral response. Analysis of intestinal biopsies obtained from asymptomatic individuals 4 months after the onset of coronavirus disease-2019 (COVID-19), using immunofluorescence, or polymerase chain reaction, revealed persistence of SARS-CoV-2 nucleic acids and immunoreactivity in the small bowel of 7 out of 14 volunteers. We conclude that the memory B cell response to SARS-CoV-2 evolves between 1.3 and 6.2 months after infection in a manner that is consistent with antigen persistence.

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Testimony to the lack of organization in the US? Or just Corporatism 2.0?

Washington State Partners With Starbucks For Vaccine Distribution (F.)

As states across the U.S. struggle to administer enough coronavirus vaccines, Washington has picked an unusual partner to help speed up the process: Starbucks. Starbucks, which is based in Seattle, will assign several employees to work on “operational efficiency, scalable modeling and human-centered design expertise and support,” Gov. Jay Inslee announced Monday. Starbucks locations will not serve as vaccination sites, but the company said it will use its technology and logistical “expertise” to help with site selection and “optimize vaccination sites with design principles and solutions focused on efficiency to thruput.” Starbucks is part of a larger public-private partnership announced Monday to help Washington’s vaccine distribution, which includes Microsoft for technology assistance, Costco pharmacies for vaccine delivery and local unions to help staff and train volunteer vaccinators.


The goal of the partnership is to boost its distribution efforts, which like many states has been moving slowly amid logistical and supply challenges. States are already partnering with private companies with pharmacies, such as Walmart, Kroger, CVS and Walgreens, for vaccine distribution, but the Starbucks partnership is unique to Washington, and it’s among the first to involve a company without a clear link to healthcare. “Starbucks is not a healthcare company, but we do operate 33,000 stores at scale, serving 100 million customers per week,” said Starbucks CEO Kevin Johnson at a press conference. “And we have a world-class team of human-centered design engineers who are working under the direction of the state and healthcare providers, like Swedish, Kaiser Permanente and others, with Microsoft and many other businesses to help support the creation of vaccination centers that can scale.”

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Ironically, the banning of Trump by the Silicon Valley Kings will play a large role in these relations.

EU-US Relations Under Biden Won’t Be The Same As Before Trump (EN)

EU-US relations will not return to how they were before Donald Trump came to power, according to the European Commission’s top trade official. Sabine Weyland, the EU’s director-general for trade, was speaking at a videoconference for the Center for Strategic and International Studies in Washington, ahead of Joe Biden’s inauguration as the US’ 46th president on Wednesday. “There will be no nostalgia. We are not going to go back to the global order of previous days. The world today is not the same as it was ten or even five years ago,” Weyland said. Weyland’s words suggest four years of hostility towards Europe from Donald Trump’s administration have left a mark.


Nevertheless, Brussels is looking for closer cooperation with the US. It wants to focus on core priorities, like fighting the pandemic and its economic fallout, tackling climate change, and finding common ground on digital and trade policies. Adam Posen, president of the Peterson Institute for International Economics said that even with Trump out of the picture, American interests are still what counts most in Washington. “The Biden administration somewhat disappointingly is not just going to reverse all the tariffs,” Posen explained. “They will certainly stop escalating them and they will stop some of the more ridiculous tariffs that were put on allies with national security excuses. But there will be some attempt by the Biden administration to extract things in return for reducing the tariffs.”

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Not the Onion.

Trump Announces 200 Statues To Be Built For ‘American Heroes’ (JTN)

President Donald Trump announced the names on Monday of more than 200 statues to be built as part of his plan for a new “National Garden of American Heroes.” He said the new garden will demolish the “reckless attempt to erase our heroes” that occurred during last year’s protests and riots that occurred following the death of George Floyd, according to the Washington Times. The list of names is headlined by author Harper Lee, actor Jimmy Stewart, abolitionist Harriet Beecher Stowe, baseball star Roberto Clemente and explorer Christopher Columbus. “In the peace and harmony of this vast outdoor park, visitors will come and learn the amazing stories of some of the greatest Americans who have ever lived,” Trump said in a new executive order, which lists all of the names.

The announcement came on Martin Luther King Jr. Day. Both King and his wife, Coretta Scott King, made Trump’s list. Trump left himself off of the list despite being nominated by several people as part of the selection process, government officials said last year. He first announced the list of names to be honored last summer as Black Lives Matter protests were occurring across the nation and statues recalling American history, such as Abraham Lincoln and George Washington, were being torn down. Trump’s decision to implement this “National Garden of American Heroes” was a counter to the statues of “American heroes” being destroyed and removed last summer.

His original list of 31 names received criticism for being too short and lacking diversity, as it consisted mainly of white men. Trump’s new list is much longer and much more diverse, including Native Americans, women and other minority groups. Whether this idea will be moved forward rests in the hands of President-elect Joe Biden as he takes office this week. He could completely eliminate Trump’s proposed list, alter the list of names or push it forward as is.

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Please.

My Letter to President Trump (Joe Lauria)

Dear President Trump,

You are right in many ways that the news media have become the enemies of the people and the friends of the powerful who treat the people as enemies. As U.S. Supreme Court Justice Hugo Black wrote: “In the First Amendment the Founding Fathers gave the free press the protection it must have to fulfill its essential role in our democracy. The press was to serve the governed, not the governors. The Government’s power to censor the press was abolished so that the press would remain forever free to censure the Government.” The role of the press is to keep powerful officials accountable to the electorate. The one journalist who has achieved this above all in recent years is the Australian Julian Assange. He is languishing in a British prison for exposing the powerful in the interests of the people. It is within your power to set him free. Please pardon him, Mr. President.

Joe Lauria

Tucker Assange Kiriakou

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Jun 042019
 


Henri Matisse Still Life with Apples on Pink Cloth 1925

 

Repeal the Espionage Act (FFF)
Swedish Court Rejects Request To Detain Julian Assange (G.)
US Moving Toward Major Antitrust Probe Of Tech Giants (R.)
Tech Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” (WS)
Amazon and Facebook Both Want To Read Human Emotions (Kesel)
House To Vote Next Week On Whether To Find Barr, McGahn In Contempt (R.)
The Zeitgeist Knows (Kunstler)
New Poll Finds 61% Would Back Remain In A Second Referendum (TNE)
Canadian Inquiry Calls Deaths Of Indigenous Women ‘Genocide’ (R.)
The Great Insect Dying (Hance)
Arctic Is Thawing So Fast Scientists Are Losing Their Measuring Tools (TO)
High Likelihood of Human Civilization Coming to an End in 2050 (Nafeez Ahmed)

 

 

A good place to start.

Repeal the Espionage Act (FFF)

World War I is the gift that just keeps on giving. Although the U.S. government’s intervention into this senseless, immoral, and destructive war occurred 100 years ago, the adverse effects of the war continue to besiege our nation. Among the most notable examples is the Espionage Act, a tyrannical law that was enacted two months after the U.S. entered the war and which, unfortunately, remained on the books after the war came to an end. In fact, it is that World War I relic that U.S. officials are now relying on to secure the criminal indictment of Julian Assange, the WikiLeaks head who released a mountain of evidence disclosing the inner workings and grave wrongdoing on the part of the U.S. national-security establishment, especially with respect to the manner in which it has waged it undeclared forever wars in the Middle East and Afghanistan.

Some news media commentators are finally coming to the realization that if the Espionage Act can be enforced against Assange for what he did, it can be enforced against anyone in the press for revealing damaging inside information about the national-security establishment — i.e., the Pentagon, the CIA, and the NSA. Therefore, they are calling on the Justice Department to cease and desist from its prosecution of Assange. Of course, they are right, but the problem is that they don’t go far enough. Their mindsets reflect the customary acceptance of the status quo. The mindset is that we Americans simply have to accept the way things are and plead with the government to go easy on us.

That’s just plain nonsense. It is incumbent on the American people to start thinking at a high level, one that doesn’t just accept the existence of tyrannical laws and instead calls for their repeal. [..] Wilson had to force American men to fight in World War I. He conscripted them. Enslaved would be a better word. When a government has to force its citizens to fight a particular war, that’s a good sign that it’s a bad war, one that shouldn’t be waged. In fact that was one of the reasons for the Espionage Act—not to punish people for spying but rather for criticizing the draft and the war. The law converted anyone who publicly criticized the draft or attempted to persuade American men to resist the draft into felons. And make no mistake about it: U.S. officials went after such people with a vengeance, doing their best to punish Americans for doing nothing more than speaking.

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The only thing that makes any sense is to close the case immediately.

Swedish Court Rejects Request To Detain Julian Assange (G.)

An attempt to extradite Julian Assange to Sweden has suffered a setback after a court in Uppsala said he did not need to be detained. The ruling by the district court prevents Swedish prosecutors from applying immediately for an extradition warrant for Assange to face an allegation of rape dating back to 2010. Assange denies the accusation. Assange is serving a 50-week sentence in Britain for skipping bail after he spent seven years in the Ecuadorian embassy in London attempting to avoid extradition to Sweden. Swedish prosecutors dropped their rape investigation in 2017 but reopened it after Ecuador rescinded its grant of asylum to Assange in April this year and allowed British police to arrest him.

The 47-year-old Australian was too ill to appear last week at the latest hearing at Westminster magistrates court in relation to a rival US extradition request. US government lawyers are seeking his removal to the US where he is charged with conspiracy to commit computer intrusion, which carries a maximum penalty of five years. He also faces additional charges of violating the Espionage Act by publishing classified information through WikiLeaks. If both Sweden and the US present competing extradition requests, it will be up to the UK home secretary, Sajid Javid, to decide which application takes priority. At the Swedish court on Monday, a judgment was read out saying that since Assange was already in a British prison he did not need to be formally detained to be questioned by Swedish prosecutors.

“As Julian Assange is currently serving a prison sentence, the investigation can proceed with the help of a European investigation order, which does not require Julian Assange’s detention (in Sweden). The court therefore does not find it proportional to detain Julian Assange,” the judgment said. Assange’s Swedish defence lawyer, Per Samuelson, argued that Assange’s imprisonment in Britain meant there was no flight risk. “He is in prison for half a year at least, and he is detained on behalf of the United States. So there is no point detaining him in Sweden too,” Samuelson said.

Responding to the ruling, the Swedish prosecutor Eva-Marie Persson said: “The investigation continues with interviews in Sweden. I will also issue a European investigation order in order to interview Julian Assange. No date has been set yet. We will constantly review the state of the investigation.” Before the judgment, the prosecutor confirmed that if the court granted her request she intended to issue a European arrest warrant for Assange “concerning surrender to Sweden”.

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May take years.

US Moving Toward Major Antitrust Probe Of Tech Giants (R.)

The U.S. government is gearing up to investigate whether Amazon, Apple, Facebook and Google misuse their massive market power, sources told Reuters on Monday, setting up what could be an unprecedented, wide-ranging probe of some of the world’s largest companies. The Federal Trade Commission and the Department of Justice, which enforce antitrust laws in the United States, have divided oversight over the four companies, two sources said, with Amazon and Facebook under the watch of the FTC, and Apple and Google under the Justice Department.


With jurisdiction established, the next step is for the two federal agencies to decide if they want to open formal investigations. Results are not likely to be quick. A previous FTC probe of Google took more than two years. Technology companies face a backlash in the United States and across the world, fueled by concerns among competitors, lawmakers and consumer groups that the firms have too much power and are harming users and business rivals. Shares of Facebook Inc fell 7.5% on Monday while Google’s owner Alphabet Inc shed more than 6%. Amazon.com Inc shares fell 4.6% and Apple Inc dipped 1%.

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Pretty wild swings.

Tech Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” (WS)

It’s a rare moment in recent years that US government regulators are suddenly going after four tech and social media giants simultaneously – Facebook, Amazon, Google, and Apple. These four companies are part of my FANGMAN index that also includes Microsoft, Nvidia, and Netflix. The index dove 4.3% today, the biggest percentage decline since the infamous 4.6% drop on December 24, 2018. In terms of dollars, $137 billion in market capitalization was wiped out. Over the past four trading days the FANGMAN index has dropped by 6.6%. I highlighted today’s move in red (market cap data via YCharts):

The index has gone through some brain-twisting surges and plunges over the past two years. It peaked on August 31, 2018 (at $4.63 trillion), then plunged 29% by December 24 (to $3.29 trillion), then exploded 40% higher by April 29. But that day, at $4.61 trillion, it failed to take out the August high. And then the selling started. Since April 29, the FANGMAN index has dropped 14.0%, or by $645 billion in market cap, giving up 49% of the post-Christmas rally in just five weeks.

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And here’s that Orwell guy again.

Amazon and Facebook Both Want To Read Human Emotions (Kesel)

Facebook and Amazon’s insanity only seems to continue with no sign of slowing down anytime soon. Now, the two big conglomerate giants want to move into the uncharted territory of reading human emotions, both in their own ways. Facebook wants a robot that has five senses which can read human emotions. Facebook wants “emotionally sensitive” robots that can explore the world, identify objects and people and enable its users to make more friends, Dailymail reported. The robots would be fitted with wheels or tank-like caterpillar treads that would allow them to trundle about their environment. Alternatively, such robots could be fitted out with drive systems that would allow them to move around underwater, fly through the air or float in space, Facebook suggest in their patent.


I am not sure why anyone would trust Facebook with data ever again, let alone biometric data, after all the numerous scandals Activist Post has documented including data mining. But to each their own I guess. Amazon is also looking into reading human emotions in a completely different way by utilizing a voice-activated wearable device, that will sense its wearer’s state of mind by the tone of voice, Bloomberg reported. It’s worth noting that both companies have a smart home device, and after reading this you should fear what information is being gathered by the cameras and microphones attached to those electronics … besides the typically targeted advertising to turn consumers into the product.

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The Democrats need to hurry with that impeachment plan, lest ‘the other side’ starts handing out indictments.

House To Vote Next Week On Whether To Find Barr, McGahn In Contempt (R.)

The U.S. House of Representatives will vote next week on whether to hold Attorney General William Barr and former White House counsel Don McGahn in contempt of Congress for failing to comply with subpoenas related to the probe into Russian meddling in the 2016 election, the No. 2 House official said on Monday. “Next Tuesday, I will bring a resolution to the House floor forcing Attorney General Barr and former White House counsel McGahn to comply with congressional subpoenas that have been duly issued by the House Judiciary Committee,” House Majority Leader Steny Hoyer said in a statement. “The resolution will authorize the Judiciary Committee to pursue civil action to seek enforcement of its subpoenas in federal court,” said Hoyer, a Democrat.


The House move escalated the fight between the Republican White House and Democrats who control the House and are seeking documents and testimony relating to various investigations, ahead of the 2020 presidential election in which President Donald Trump is seeking a second term. The House Judiciary Committee voted on May 8 to recommend that the full House cite Barr, the top U.S. law enforcement official and a Trump appointee, for contempt of Congress after he defied its subpoena to hand over an unredacted version of Special Counsel Robert Mueller’s report on 2016 Russian election interference. Democrats had also subpoenaed McGahn to testify before the Judiciary Committee last month, but he did not appear after the White House directed him not to comply.

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“Everybody’s broke, one way or another, even though they are up to their eyeballs in products designed to fall apart in a few years.”

The Zeitgeist Knows (Kunstler)

Who said the global economy was a permanent installation in the human condition? The head cheerleader was The New York Times’s Tom Friedman, with his 1999 book, The Lexus and the Olive Tree, the trumpet blast for the new order of things. Since then, we partied like it was 1999, with a few grand mal seizures of the banking system along the way, some experiments in creating failed states abroad, and the descent of America’s middle-class into a Disney version of Hieronymus Bosch’s Last Judgment — which is kind of what you see on the streets of Los Angeles these days.

Guess what: the global economy is winding down, and pretty rapidly. Trade wars are the most obvious symptom. The tensions underlying that spring from human population overshoot with its punishing externalities, resource depletion, and the perversities of money in accelerated motion, generating friction and heat. They also come from the fact that techno-industrialism was a story with a beginning, a middle, and an end — and we’re closer to the end than we are to the middle. There will be no going back to the prior party, whatever way we pretend to negotiate our way around or through these quandaries.

The USA-China romance was bound to end in divorce, which Mr. Trump is surreptitiously suing for now under the guise of a negotiated trade rebalancing. The US has got a chronic financial disease known as Triffin’s Dilemma, a set of disorders endemic to any world reserve currency. The disease initially expressed itself in President Nixon’s ditching the US dollar’s gold backing in 1971. By then, the world had noticed the dollar’s declining value trend-line, and threatened to drain Fort Knox to counter the effects of holding those dollars. Since then, all world currencies have been based on nothing but the idea that national economies would forever and always pump out more wealth.

It turns out that they pump out more debt in the pursuit of that chimerical wealth until the economic viziers and banking poohbahs begin to declare that debt itself is wealth — and now all the major players around the world are choking to death on that debt, especially the USA and China, but also Japan and the dolorous commune known as the EU. Everybody’s broke, one way or another, even though they are up to their eyeballs in products designed to fall apart in a few years. Better learn how to fix stuff, especially machines, because a lot of it won’t be replaced going forward.

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Explosive.

New Poll Finds 61% Would Back Remain In A Second Referendum (TNE)

New polling has found that 61% of those who would vote in a second referendum would vote to Remain in the European Union. The YouGov survey for KIS Finance found that between the choice of Theresa May’s Brexit deal or remaining in the EU, 61% of those who confirmed they would vote stated they wanted the UK to stay in the European Union. When a no-deal scenario is added into the mix, 53% of people would vote to Remain, while 34% would vote for no-deal, and just 12% would vote for Theresa May’s deal. The research also uncovered that 1 in 10 have put off important financial decisions, such as buying their first home, moving house, spending money on home improvements, investing and making major purchases such as a car, until the future of Brexit is clear. In London this figures rises to 1 in 5 who have delayed key financial decisions as a direct result of Brexit.

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No words. How can a country allow this to happen?

Canadian Inquiry Calls Deaths Of Indigenous Women ‘Genocide’ (R.)

The deaths in Canada of more than a thousand aboriginal women and girls in recent decades was a national genocide, a government inquiry into murdered and missing indigenous women concluded in a report on Monday. The 1,200-page report, which resulted from an inquiry launched by Prime Minister Justin Trudeau’s government in 2016, blamed the violence on long-standing discrimination against indigenous people and Canada’s failure to protect them. It also made sweeping recommendations to prevent future violence against indigenous women. The Royal Canadian Mounted Police revealed in 2014 that 1,017 aboriginal women had been murdered between 1980 and 2012.


The inquiry, which was beset by delays and staff resignations, opened painful wounds as it heard testimony from 468 family members of missing or murdered women. “This colonialism, this discrimination and this genocide explains the high rates of violence against indigenous women, girls, 2SLGBTQQIA people,” Marion Buller, the chief commissioner of the inquiry, said at a ceremony held to present the report. The 2SLGBTQQIA group refers to two-spirit, lesbian, gay, bisexual, transgender, queer, questioning, intersex and asexual people. “An absolute paradigm shift is required to dismantle colonialism in Canadian society. And this paradigm shift must come from all levels of government and public institutions,” Buller said.

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“To assess the range of scientific opinion, Mongabay interviewed 24 entomologists and other scientists working on six continents, in more than a dozen countries, to better determine what we know, what we don’t, and, most importantly, what we should do about it. This is part one of a four-part exclusive series by Mongabay senior contributor Jeremy Hance.”

The Great Insect Dying (Hance)

Humans like to think we run the world, believing in our omnipotence. But while we shape and engineer — make, muddle and destroy — we are not, according to scientists, the world’s ultimate controllers. That role clearly falls to insects, “the little things that run the world,” as E.O. Wilson, the world’s pre-eminent entomologist, told us back in 1987. Insects may be tiny, but they are mighty and superabundant. British entomologist and ecologist C.B. Williams once estimated a population of one million trillion insects on Earth at any given time. They are everywhere that there is land and sky — intimately involved with everything.


Mirror image? Two look-alike insects photographed in Southeast Asia. Image by Tan Ming Kai

Insects tend to every square centimeter of living soil; they aerate and fertilize; they breakdown the billions of bits of organic debris and waste that other Earth residents produce, disposing of everything from leaf litter to elephant dung. Insects are the original recyclers, digesting dead wood and dead bodies. They also reside at the base of the food chain, feeding tens of thousands of birds, mammals, reptiles, amphibians, fish — and, by extension, us. More than 300,000 known plants are pollinated by animals, most of them insects.


It’s estimated that all the world’s arthropods, a group that includes insects, arachnids, millipedes, centipedes and crustaceans, weigh 17 times more than the planet’s 7.5 billion humans. Take away this vast mass of crawling, fluttering, skittering insects — comprising maybe 90 percent of all animal species — and you’re truly staring planetwide ecological breakdown in the eye. Waste will pile up; soil will shed nutrients without replacement; animals will starve; and potentially hundreds of thousands of plant species will vanish. Extinction would stalk the land like a famished beast, and the future of humanity would be at stake.


The Schoenherr blue weevil (Eupholus schoenherrii) is a spectacular blue and turquoise beetle from New Guinea. Image by Rhett Butler/Mongabay

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Tools swallowed up by thawing soil.

Arctic Is Thawing So Fast Scientists Are Losing Their Measuring Tools (TO)

Greenland is melting much faster than previously understood, as melting has increased six-fold in recent decades, according to a study published in the Proceedings of the National Academy of Sciences. “We wanted to get a long precise record of mass balance in Greenland that included the transition when the climate of the planet started to drift off natural variability, which occurred in the 1980s,” study co-author Eric Rignot told CNN. “The study places the recent (20 years) evolution in a broader context to illustrate how dramatically the mass loss has been increasing in Greenland in response to climate warming.”

Rignot added, “As glaciers will continue to speed up and ice/snow melt from the top, we can foresee a continuous increase in the rate of mass loss, and a contribution to sea level rise that will continue to increase more rapidly every year.” The study also shows how sea level rise is accelerating, and will continue to do so with each passing year, as the effects compound upon themselves. On that note, Indonesia recently announced it will be moving its capital city of Jakarta, partly due to the sinking of the land and sea level rise. This is a city of 10 million people.

Permafrost in the Arctic is now thawing so fast that scientists are literally losing their measuring equipment. This is due to the fact that instead of there being just a few centimeters of thawing each year, now several meters of soil can become destabilized in a matter of days. Adding insult to injury, another study revealed that this permafrost collapse is further accelerating the release of carbon into the atmosphere, possibly even doubling the amount of warming coming from greenhouse gases released from the tundra. Already in Greenland, the ice sheet’s melt season began about a month early while in Alaska, several rivers saw winter ice break up on their earliest dates on record.

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It’s life, captain, but no longer as we know it.

The headline may look crazy, but Nafeez is not a crazy man.

High Likelihood of Human Civilization Coming to an End in 2050 (Nafeez Ahmed)

A harrowing scenario analysis of how human civilization might collapse in coming decades due to climate change has been endorsed by a former Australian defense chief and senior royal navy commander. The analysis, published by the Breakthrough National Centre for Climate Restoration, a think-tank in Melbourne, Australia, describes climate change as “a near- to mid-term existential threat to human civilization” and sets out a plausible scenario of where business-as-usual could lead over the next 30 years. The paper argues that the potentially “extremely serious outcomes” of climate-related security threats are often far more probable than conventionally assumed, but almost impossible to quantify because they “fall outside the human experience of the last thousand years.”

On our current trajectory, the report warns, “planetary and human systems [are] reaching a ‘point of no return’ by mid-century, in which the prospect of a largely uninhabitable Earth leads to the breakdown of nations and the international order.” The only way to avoid the risks of this scenario is what the report describes as “akin in scale to the World War II emergency mobilization”—but this time focused on rapidly building out a zero-emissions industrial system to set in train the restoration of a safe climate.

The scenario warns that our current trajectory will likely lock in at least 3 degrees Celsius (C) of global heating, which in turn could trigger further amplifying feedbacks unleashing further warming. This would drive the accelerating collapse of key ecosystems “including coral reef systems, the Amazon rainforest and in the Arctic.” The results would be devastating. Some one billion people would be forced to attempt to relocate from unlivable conditions, and two billion would face scarcity of water supplies. Agriculture would collapse in the sub-tropics, and food production would suffer dramatically worldwide. The internal cohesion of nation-states like the US and China would unravel.

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“If we are (almost) the only animal with a sense of justice, it is because we also are (almost) the only animal with a sense of cruelty.”
– Nassim Nicholas Taleb