Aug 212023
 
 August 21, 2023  Posted by at 9:16 am Finance Tagged with: , , , , , ,  36 Responses »



Ivan Aivazovsky Palace rains in Venice by moonlight 1878

 

Three More Hunter Biden Attorneys Quit, Bringing Total To Five (ZH)
Hunter Biden’s Lawyers Vowed To Put The President On The Stand (Pol.)
RFK Jr. Labels F-16s For Ukraine ‘A Disaster For Humanity’ (RT)
Zelensky Is Dangerous For Ukraine, Former Aide Warns (RT)
For NATO and Ukraine, Reality Bites (Scott Ritter)
US Struggles to Restock Its Own Ammo Arsenal After Aiding Ukraine (Sp.)
US Officials Admit They Missed Opportunity For Ukraine Peace – Politico (RT)
Ukraine ‘Running Out Of Options’ – WaPo (RT)
Ukraine Has Three Risky Options – Bild (RT)
NATO-Led War Against Russia Has ‘Crushed’ EU Economy, Vucic Tells Tucker (RT)
UK Eyeing Use of ‘Ukrainian Puppets’ to Secure Global Wins – Zakharova (Sp.)
Burkina Faso Ready to Back Niger if ECOWAS Launches Intervention (Sp.)
Why San Francisco Is Dying And What It Has To Do With George Soros (Bridge)

 

 

30,000

 

 

https://twitter.com/i/status/1692921944578879505

 

 

 

 

Shapley

 

 

 

 

We don’t seem to know why the three left. Chris Clark left last week because he can be called as a witness. Is that true for them as well? How about the prosecutors? They also signed off on that collapsed deal.

Three More Hunter Biden Attorneys Quit, Bringing Total To Five (ZH)

Three more of Hunter Biden’s attorneys have filed a motion to withdraw from his ongoing case, after a Delaware judge dismissed his two tax misdemeanors without prejudice at the request of DOJ prosecutors – a move which will allow for the possibility of charging Biden in Washington DC or the Central District of California. Mrian C. McManus Timothy H. McCarten and Matthew S. Salerno of Latham & Watkins LLP filed a motion to withdraw as counsel following US District Judge Maryellen Noreika’s decision to grand the DOJ’s request. Latham & Watkins drew controversy the night before Biden’s late July court appearance because a staffer from the firm allegedly misrepresented her identity to the Clerk’s office and described herself as someone who worked for Theodore Kittila, the attorney for the House Ways and Means Committee.

The Committee was attempting to have Noreika consider testimony from IRS whistleblowers Gary Shapley and Joseph Ziegler showing “political interference” in the Hunter Biden investigation. Salerno attributed the incident to a “miscommunication” and the staffer said in a sworn affidavit she did not mischaracterize her identity with intent to deceive the court. -Daily Caller The move brings the total number of Hunter Biden attorneys who have quit to five, with the first – Joshua Levy, quitting in March, and Christopher Clark quitting last week because he could be called as a witness in the case after plea negotiations broke down. “Brian C. McManus, counsel for the Defendant, Robert Hunter Biden, and respectfully requests this Honorable Court to withdraw all appearances for the law firm of Latham & Watkins LLP as counsel for the Defendant in the above-captioned matter,” reads Friday’s motion, which doesn’t provide a reason for the move.

“Mr. Biden has been advised of, and consents to, our withdrawal. He also agrees this withdrawal will cause no material adverse effect or prejudice to him and remains completely satisfied with Messrs. Lowell’s and Jones’s continued representation of him.” Hunter will continue to be represented by Abbe Lowell of Winston & Strawn LLP and Richard I.G. Jones Jr. of Berger Harris LLP. Biden’s top defense counsel, according to the Daily Caller. Last month a sweetheart plea deal with the DOJ fell apart after Judge Noreika objected to terms which would have given Hunter broad immunity from future prosecution, even from unrelated crimes.

Read more …

The longer version, from Politico.

Hunter Biden’s Lawyers Vowed To Put The President On The Stand (Pol.)

It was Halloween of 2022, and Hunter Biden’s lawyer, Chris Clark, didn’t sound happy. Just three weeks earlier, news had leaked that federal agents believed they had enough evidence to charge his client with illegally buying a gun as a drug user. The leak was “illegal,” the lawyer wrote to the U.S. attorney overseeing the probe. The prosecution, he argued, would be seen as purely political, and it might even violate the Second Amendment. Then he issued a warning: If the Justice Department charged the president’s son, his lawyers would put the president on the witness stand. “President Biden now unquestionably would be a fact witness for the defense in any criminal trial,” Clark wrote in a 32-page letter reviewed by POLITICO.

That letter, along with more than 300 pages of previously unreported emails and documents exchanged between Hunter Biden’s legal team and prosecutors, sheds new light on the fraught negotiations that nearly produced a broad plea deal. That deal would have resolved Biden’s most pressing legal issues — the gun purchase and his failure to pay taxes for several years — and it also could have helped insulate Biden from future prosecution by a Republican-led Justice Department. The documents show how the deal collapsed — a sudden turnabout that occurred after Republicans bashed it and a judge raised questions about it. The collapse renewed the prospect that Biden will head to trial as his father ramps up his 2024 reelection bid.

The case has long been defined by politics, including for Biden’s own lawyers. During the private negotiations with prosecutors, the documents show, Biden’s lawyers often invoked the case’s extraordinary political undercurrents. They made clear to prosecutors that they thought pressure from congressional Republicans was improperly shaping the investigation. They name-dropped Donald Trump, Sen. Chuck Grassley (R-Iowa) and the failed prosecution of a lawyer for Hillary Clinton. They argued that bringing the case would destroy the Justice Department’s reputation. And they said a trial of the president’s son would create political and constitutional chaos by pitting the president himself against his own Justice Department.

“This of all cases justifies neither the spectacle of a sitting President testifying at a criminal trial nor the potential for a resulting Constitutional crisis,” Clark wrote. Clark’s letter and the other documents were shared with POLITICO by a person with knowledge of the communications between the Justice Department and Biden’s legal team. The documents provide a detailed, behind-the-scenes look at how the two sides came to the brink of a plea deal. But after a judge asked a few simple questions at a hearing last month about the details, it started to fray. And in the weeks after, the whole thing unraveled. Now the prosecutor overseeing the probe has been made a special counsel and says the case is headed to trial. And Clark has stopped representing the president’s son, saying he instead expects to be a witness.

Read more …

Remember: F-16s have nuclear capabilities. Russia will treat every single one as if it carries a nuclear weapon.

RFK Jr. Labels F-16s For Ukraine ‘A Disaster For Humanity’ (RT)

The looming delivery of US-made F-16 fighter jets to Ukraine will not prevent the “collapse” of the country’s military and will only benefit the military-industrial complex, Democrat presidential hopeful Robert F. Kennedy Junior has claimed.The Ukrainian conflict should be resolved through negotiations, RFK Jr. argued in a thread on social media platform X (formerly Twitter), stating that supplying F-16s to Kiev was a “great decision for the defense industry, but a disaster for Ukraine and humanity.” “F-16s won’t stop the collapse of the Ukrainian military (which some experts say is imminent). These planes require a lot of training and maintenance. This isn’t the movies,” Kennedy stressed.

The presidential hopeful has long-opposed the enduring Western aid to Ukraine, spearheaded by Washington, arguing that the US should admit its “failure” in the country and focus on domestic issues instead. Kennedy’s criticism of the fighter-jet delivery comes after Washington enabled its European allies to re-export older planes to Ukraine, and hours before the move was officially announced by Denmark and the Netherlands. The upcoming delivery was heralded by Dutch PM Mark Rutte on Sunday as he hosted Ukrainian President Vladimir Zelensky at a military airbase in Eindhoven.“Today we can announce that the Netherlands and Denmark commit to the transfer of F-16 aircraft to Ukraine and the Ukrainian Air Force, including cooperation with the United States and other partners once the conditions for such a transfer have been met,”Rutte said at a press conference.

Simultaneously, the Danish Ministry of Defence released a statement confirming its pledge to provide Kiev with F-16s from its inventory, once certain “conditions” are met. The conditions “include, but are not limited to, successfully selected, tested and trained Ukrainian F-16 personnel as well as necessary authorizations, infrastructure and logistics,” it said. Kiev has long-demanded modern aircraft, as well as other, increasingly sophisticated weaponry, from its Western backers, arguing the planes would help it turn the tide of the conflict with Russia, which has been going on since February 2022. Moscow has repeatedly urged the collective West to stop the military deliveries, arguing they would only prolong the hostilities rather than change their ultimate outcome.

Read more …

“Zelensky’s insistence that Ukraine will defeat Russia and his reluctance to acknowledge the actual situation is a sign that the president is “inadequate” both as a manager and a person..”

Zelensky Is Dangerous For Ukraine, Former Aide Warns (RT)

The “inadequate” leadership of Vladimir Zelensky has caused a national catastrophe in Ukraine and MPs should hold him accountable, according to Oleg Soskin, who served as an aide to two Ukrainian presidents. The country’s economy has been“destroyed” amid the conflict with Russia, he said in a video that was posted on his YouTube channel on Saturday. “There’s no breakthrough anywhere” by Ukrainian forces on the front line, Soskin continued, adding that the public “shouldn’t believe retired colonels,” who are speaking about Kiev’s military gains. Zelensky’s insistence that Ukraine will defeat Russia and his reluctance to acknowledge the actual situation is a sign that the president is “inadequate” both as a manager and a person, he said.

“Zelensky is just dangerous for the country. He’s simply dangerous for the people,” warned Soskin, who served as an aide to Ukrainian presidents Leonid Kravchuk in 1992 and 1993, and Leonid Kuchma between 1998 and 2000.“Something must be done about Zelensky. I’m calling for it again,” he said. “Gather up, somebody has to show initiative. Some conditions must be put forward for [the president],” Soskin insisted, addressing Ukrainian MPs. Earlier this week, Zelensky claimed that his team was “preparing powerful things for Ukraine” in cooperation with their Western partners, saying that the country had “taken another step towards the circle of the strongest states in the world.”

The much-hyped Ukrainian counteroffensive began in early June, with Kiev deploying its best Western-equipped and trained brigades in an attempt to sever Russia’s land bridge linking Donbass with Crimea in the southern province of Zaporozhye. According to Russian estimates, Ukraine has lost more than 43,000 troops and nearly 5,000 pieces of heavy equipment amid the operation, but failed to achieve any significant gains. Kiev has so far reported the seizure of several villages, but they appear to be located some distance away from main Russian defense lines. Earlier this week, the Washington Post cited a classified US intelligence report, which suggested that “Ukraine’s counteroffensive will fail to reach the key southeastern city of Melitopol,” and that Russia’s land bridge to Crimea won’t be severed this year.

Read more …

“With the Ukrainian strategic reserve committed and soon to be defeated, there are no more forces of significance available to Ukraine and their NATO overseers..”

For NATO and Ukraine, Reality Bites (Scott Ritter)

Ukraine has dispatched the last of its strategic reserves, led by the elite 82nd Airlanding Brigade, into the battle for the Zaporozhye village of Rabotino. Here, in fields made fallow by conditions of war, Ukraine’s best fighting forces have been eviscerated by Russian defenders who have refused to yield. Based upon the experience of the lead elements of the 82nd Brigade, this fate awaits them as well. With the Ukrainian strategic reserve committed and soon to be defeated, there are no more forces of significance available to Ukraine and their NATO overseers capable of influencing the conduct of the battles raging all along the 1,000-mile line of contact between the armies of Ukraine and Russia.

Russia, meanwhile, retains an uncommitted reserve of some 200,000-plus fresh, well-trained and equipped forces which are leaning into the bit to be committed to battle. When they are eventually unleashed, Ukraine will lack the resources necessary to fend off their attack, signally the culminating moment in a Russian campaign designed to achieve just this result—the collapse of the Ukrainian ability to sustain large-scale ground combat. Reality bites. The situation had become so dire that Stian Jenssen, the chief of staff to NATO Secretary-General Jens Stoltenberg, opined in from a Norwegian audience that a solution for the end of the conflict with Russia “could be for Ukraine to give up territory, and get NATO membership in return.”

But even here, Jenssen was delusional. While reality dictates that Ukraine will never get back its former territories of Kherson, Zaporozhye, Donetsk, Lugansk, and Crimea, and that the wisest choice would be to concede the inevitability of a Russian victory while avoiding the potential for the loss of even more territories, Jenssen seemed to forget that one of the primary goals behind the Russian decision to initiate the special military operation was to prevent Ukraine from joining NATO. Only someone totally separated from reality could articulate a scenario that has Russia conceding an issue that is linked to its existential survival (i.e., the expansion of NATO into Ukraine) in exchange for accepting an already accomplished fact—Russian control of the former Ukrainian territories.

Both the Ukrainian government and Jenssen’s boss, Stoltenberg, pushed back against the notion of a territory-for-membership swap. “NATO will support Ukraine until it wins the conflict,” Stoltenberg told a gathering of reporters in Oslo a day after Jenssen’s gaffe, implying that Ukraine’s contention that a key condition for conflict resolution remained evicting Russia from all of the former Ukrainian territories liberated by Russian troops and claimed by Russia as a result of referenda held in 2014 (for Crimea) and 2022 (for the other four territories.) But it is becoming increasingly clear that reality is trumping desire. There is no chance for Ukraine to achieve its stated objectives, something Jennsen’s comments reflected, and Stoltenberg’s did not.

NATO struggles to generate new sources of equipment for the rapidly depleting Ukrainian Army, which has lost much of the tanks, armored fighting vehicles, and artillery systems provided by NATO and other nations in preparation for the failed counteroffensive. Equipment previously considered to be too provocative, such as the F-16 fighter, have now been greenlighted for release to Ukraine. But none of this matters — even if Ukraine were to receive everything it wanted, the fact is that Ukraine cannot generate the manpower, either in quantity or quality, necessary to competently operate such equipment on a modern battlefield against a Russian Army which, by any honest measure, has emerged from this conflict as the most lethal, capable fighting force in the world.

Read more …

“..even though the US began ramping up ammunition production last year, munitions would still take “years” to mass produce to acceptable levels..”

US Struggles to Restock Its Own Ammo Arsenal After Aiding Ukraine (Sp.)

With more than two million 155mm shells already sent to Ukraine, the US faces the problem of restocking its arsenal of artillery munitions and building new production lines, an American newspaper has quoted unnamed sources as saying. The sources warned of “major challenges in sustaining an elevated output of arms and equipment needed not just to aid Ukraine but to ensure the US’ own security.” According to the insiders, the problem is complicated by the fact that the US no longer produces TNT, which is needed to make shells. The Pentagon is now collaborating with its allies and partners to increase TNT supplies, “potentially including from Japan,” according to the sources. The remarks come after a US broadcaster reported last week that the US and NATO grapple with the “dwindling supply of artillery ammunition” for Ukraine.

The broadcaster cited unnamed officials as saying that the US “has been nearing that red line as it has continued to supply Ukraine with 155mm ammunition, the NATO standard used for artillery rounds.” National Security adviser Jake Sullivan told the news network that even though the US began ramping up ammunition production last year, munitions would still take “years” to mass produce to acceptable levels. This unfolds amid Kiev’s botched counteroffensive, which was launched by the Ukrainian Armed Forces (UAF) on June 4, after multiple delays. Since the beginning of the counteroffensive, Ukraine has lost over 43,000 troops and 4,900 units of military equipment, according to the Russian Defense Ministry.

In the latest development, US veteran investigative journalist Seymour Hersh reported earlier this week, citing an American US intelligence official that the CIA has notified Secretary of State Antony Blinken that Ukraine’s counteroffensive is unlikely to yield results. The US and its allies ramped up their military assistance to Kiev shortly after Russia launched its special military operation in Ukraine. Moscow has repeatedly warned that NATO countries “play with fire” by supplying arms to Kiev, which the Kremlin said adds to prolonging the Ukraine conflict. Russian Foreign Minister Sergey Lavrov, for his part, underscored that any cargo with weapons for Ukraine will become a legitimate target for Russian forces.

https://twitter.com/i/status/1693009335188938769

Read more …

“If we acknowledge we’re not going to do this forever, then what are we going to do?”

US Officials Admit They Missed Opportunity For Ukraine Peace – Politico (RT)

American officials have told Politico that they may have “missed a window” to push for peace talks between Russia and Ukraine. Speaking anonymously, they conceded that Chairman of the Joint Chiefs of Staff Mark Milley “had a point” when he offered a grim pronouncement on Kiev’s chances for victory last year. More than two months into Ukraine’s counteroffensive against Russian forces, Kiev has failed to capture more than a handful of hamlets and villages in Zaporozhye region, and has lost at least 43,000 men and nearly 5,000 pieces of equipment in the process, according to the latest figures from the Russian Defense Ministry. Although the Ukrainian government still insists it can retake all of its claimed territory by force, Washington is increasingly unsure. “We may have missed a window to push for earlier talks,” a US official told Politico on Friday, adding that “Milley had a point.”

Speaking in New York in November, Milley said that a military victory would likely be unachievable for Ukraine, and that Kiev could use the wintertime pause in fighting to enter negotiations with Moscow and avoid any further losses. His comments reportedly angeredKiev and caused panic in the White House, which rushed to reassure the Ukrainian leadership that it would continue to support President Vladimir Zelensky’s maximalist aims – which include retaking Crimea, an historic Russian territory that voted to rejoin the Russian Federation in 2014.

Media reports suggest that Washington has been divided on the idea of peace talks since at least last year, with President Joe Biden and Secretary of State Antony Blinken vehemently rejecting negotiations, against the wishes of some members of the military and intelligence agencies. This split persisted as Ukraine geared up for its counteroffensive, with reports indicating that despite Biden’s and Blinken’s optimism, the Pentagon knew Kiev wasn’t ready for the operation, and the CIA expected it to end in failure. Pessimism is now spreading in the White House, another anonymous official told Politico, saying that the Biden administration is increasingly asking itself “If we acknowledge we’re not going to do this forever, then what are we going to do?”

Milley has continued to suggest a diplomatic solution to the conflict. “If the end state is ‘Ukraine is a free, independent, sovereign country with its territory intact’… that’s gonna take a long, long time, but you can also achieve those objectives — maybe, possibly — through some sort of diplomatic means,” he told the Washington Post this week. Russian Foreign Minister Sergey Lavrov has said that any negotiations will be held “not with Zelensky, who is a puppet in the hands of the West, but directly with his masters.” The Kremlin also maintains that any potential peace deal will have to recognize the “new territorial reality” – that the regions of Donetsk, Lugansk, Kherson, and Zaporozhye will not be ceded back to Ukraine.

Read more …

“Calls for Washington to cut back on its military and financial aid to Ukraine “are expected to be amplified” in the wake of the US presidential election in 2024..”

Ukraine ‘Running Out Of Options’ – WaPo (RT)

Ukraine is running out of options in its counteroffensive against Russian forces, as Kiev’s time-window to gain advances is closing, the Washington Post has reported. In an article on Sunday, the US outlet is claiming that Ukraine’s counteroffensive, which was launched in early June and was initially expected to see Kiev taking back significant territory, currently “shows signs of stalling.” “Kiev’s advances remain isolated to a handful of villages, Russian troops are pushing forward in the north and a plan to train Ukrainian pilots on US-made F-16s is delayed,” the newspaper wrote. Ukrainian and Western officials might be calling for patience but “the window of time for Ukraine to conduct offensive operations is limited” because of the “inhospitable weather” in the region in autumn and winter, the article reads.

“Without more advanced weapons slated to bolster the front line or fully committing forces still being held in reserve, it is unlikely that Ukraine will be able to secure a breakthrough in the counteroffensive, according to analysts,” WaPo pointed out. The article also warned that “the inability to demonstrate decisive success on the battlefield [by Kiev forces] is stoking fears that the conflict is becoming a stalemate and international support could erode.” Calls for Washington to cut back on its military and financial aid to Ukraine “are expected to be amplified” in the wake of the US presidential election in 2024, it added.

Earlier this week, the Post also cited a classified US intelligence report, which suggested that “Ukraine’s counteroffensive will fail to reach the key southeastern city of Melitopol,” and that the aim of severing Russia’s land bridge linking Donbass with Crimea in the southern province of Zaporozhye won’t be achieved this year. According to Russian estimates, Ukraine has failed to make any significant gains, but lost more than 43,000 troops and nearly 5,000 pieces of heavy equipment since the launch of its counteroffensive. Kiev has so far claimed the capture of several villages, but these appear to be located some distance away from main Russian defense lines.

Read more …

“..Moscow is supposedly struggling to replenish its own losses..”

What losses?

Ukraine Has Three Risky Options – Bild (RT)

Ukraine is faced with three possible scenarios amid its faltering counteroffensive, each carrying various degrees of risk, Germany’s Bild newspaper has claimed. In his analysis on Saturday, Deputy Editor-in-Chief Paul Ronzheimer warned that should Kiev’s current efforts fail, Russian forces may mount their own offensive and seize further territory. According to the article, Ukraine can keep trying to breach Russian defenses despite achieving no major breakthroughs so far. Ronzheimer wrote that so far President Vladimir Zelensky’s government remains optimistic and is determined to continue with the campaign. However, if it fails to make any significant gains by the end of the year, Kiev is reportedly planning another counteroffensive in the spring of 2024.

Ronzheimer alleged that officials in Kiev are growing increasingly frustrated at criticism of its counteroffensive tactics coming from the West. Bild quoted one unnamed senior Ukrainian official as insisting that “everything was planned together” with Kiev’s backers. Any new push is contingent on receiving more Western weapons and ammunition, Bild pointed out. On top of that, Russia will likely use the winter respite to beef up its defenses. Another avenue open to Kiev, according to the article, is to continue the counteroffensive while simultaneously engaging in peace talks with Russia. However, such a U-turn on Zelensky’s part would be hard to sell to the population, Ronzheimer predicted. The Bild deputy editor-in-chief emphasized that last October, the Ukrainian head of state signed a decree ruling out negotiations with his Russian counterpart, Vladimir Putin, and that recent opinion polls show 72% of Ukrainians are against talks with Russia.

In a worst-case scenario for Ukraine as envisaged by Ronzheimer, the counteroffensive stalls, with Russia launching one of its own and potentially seizing parts of Kharkov Region. According to Bild’s analysis, this is, however, not likely as Moscow is supposedly struggling to replenish its own losses. In early June, the Ukrainian military launched its long-awaited counteroffensive in a bid to reclaim territories in the east and southeast. However, despite massive Western support, Kiev’s forces have not achieved any significant gains. According to the Russian Defense Ministry, the operation has already cost Ukraine 43,000 men and nearly 5,000 pieces of military hardware. Top officials in Kiev and some Western capitals have acknowledged that the push has failed to live up to the initial high expectations, and is progressing more slowly than anticipated.

Read more …

Wonder why Tucker picked him to talk to..

NATO-Led War Against Russia Has ‘Crushed’ EU Economy, Vucic Tells Tucker (RT)

Tucker Carlson has shared a preview of his upcoming interview with Vucic, in which he says the Serbian leader shared an “interesting perspective” on what is happening in Ukraine, given that his own country was bombed by NATO almost a quarter century ago. In a brief video shared on his X (formerly Twitter), Carlson unveiled what Vucic had told him during their meeting at the Serbian Embassy in Budapest, Hungary, for an interview that has yet to be released. “One of the points he made is that the war in Ukraine, the war against Russia led by NATO, has crushed the European economy,” Carlson explained. “The destruction of Nord Stream by the Biden administration, either directly or through proxies, is killing the German economy.”

Carlson characterized the situation as “completely crazy,” noting that the German economy is the largest economy in Europe by far “and so the downstream effects of that, one NATO country effectively attacking another NATO country are felt throughout Europe.” “This war is hurting everybody – possibly with the exception in the long term of Russia – and empowering everybody outside of the Gulf States, China, Turkey,” Carlson claimed, describing the ongoing global shift of power away from the United States and the West to the East as a “world reset” that the American public seems to be unaware of

Read more …

Very peculiar: “Ukrainian soldiers apparently serve as a kind of payment by Kiev for military aid from the West..”

UK Eyeing Use of ‘Ukrainian Puppets’ to Secure Global Wins – Zakharova (Sp.)

The NATO-Ukrainian nexus artificially increases the conflict potential in Africa, and Moscow notes the intention of the United Kingdom’s authorities to use “Ukrainian puppets” to achieve goals in other regions of the world as well, Russian Foreign Ministry spokeswoman Maria Zakharova told Sputnik. Zakharova’s comments came on the heels of reports that UK Secret Intelligence Service, known as MI6, was preparing a sabotage unit of Ukraine’s fighters. A military-diplomatic source said earlier this week that MI6 was preparing a sabotage unit of 100 Ukrainian fighters to be sent to Africa to counter Russia-Africa cooperation. The unit would be tasked with “sabotage of infrastructure in African countries, as well as the elimination of African leaders oriented towards cooperation with Russia,” the source then said.

The forces are planned to be sent to Africa by “a chartered civilian ship from the [Ukrainian] port of Izmail to the [Sudanese] city of Omdurman during the second half of August” and will be headed by Lt. Col. Vitaliy Prashchuk, an officer of the Main Directorate of Intelligence of the Ministry of Defense of Ukraine, who has experience of “successful liquidations” and participated in MI6 operations in Zimbabwe. “Given that MI6, headed by Richard Moore, has recently been openly bragging about its involvement in the planning and implementation of terrorist attacks by the Kiev regime against our country, we note the intentions of the UK authorities to use Ukrainian puppets to carry out tasks in other regions of the world as well … especially when London’s what it seems to be an unshakable influence in the former colonies is threatened,” the spokeswoman said.

Zakharova recalled that “famous British empire builder Cecil Rhodes once said: ‘The empire is a bread and butter question.'” The spokeswoman said the UK is still guided by that policy in Africa. “It can be said that London continues to cling desperately to its colonial legacy and seeks with all its might to keep the countries of the continent dependent. Britons are unwilling to talk to them on an equal footing and consider it possible, as before, to interfere in their internal affairs,” she said. The Russian figure noted “the regime of [Ukrainian President] Volodymyr Zelensky needs only money.” “In these schemes, Ukrainian soldiers apparently serve as a kind of payment by Kiev for military aid from the West,” she said. “Judging by the already worked out scheme, the NATO-Ukrainian nexus artificially builds up the conflict potential in Africa. At the same time, Africans and Ukrainians will pay for the realization of the ambitions of the UK’s neocolonialists,” Zakharova said.

Read more …

“It is also shocking that some heads of state want to wage war against other countries under the guise of democracy..”

Burkina Faso Ready to Back Niger if ECOWAS Launches Intervention (Sp.)

Burkina Faso is preparing for the fact that forces of the Economic Community of West African States (ECOWAS) may launch a military intervention in Niger, and the country is ready to support Niamey, Burkinabe Defense Minister Kassoum Coulibaly told Sputnik. “We anticipate aggression [of ECOWAS forces against Niger]. In any case, the head of our state [Ibrahim Traore] said that we are ready for the aggression, we support Niger,” Coulibaly said. He added that Burkina Faso is even ready to withdraw from ECOWAS because it considers the association’s policy towards Niger illogical.

The members of the Economic Community of West African States should not wage wars against each other, and the very idea of such events is shocking, Coulibaly said. “We have no right to fight each other. We are part of a single economic union. The very idea that some states of the association want to wage an internecine war is shocking. It is also shocking that some heads of state want to wage war against other countries under the guise of democracy,” Coulibaly said. He also noted that the organization has a wide network of offices across the region, but its leaders often ignore messages from experts on the ground.

“If they had not ignored the messages from ECOWAS experts, they would have seen the signs [of the coming conflict]. And a lot could have been avoided,” the minister said. Coulibaly additionally called the ECOWAS intention to reinstate the ousted Nigerien president, Mohamed Bazoum, strange, adding that the community itself should help states such as Niger in its fight against terrorism. “Burkina Faso stands in solidarity with Mali and opposes any aggression against Niger because we share a common border. We are waging a war against terrorism and we must continue to wage it,” he said.

Read more …

“..75 Soros-backed “social justice” prosecutors overseeing half of America’s 50 most populous cities..”

Why San Francisco Is Dying And What It Has To Do With George Soros (Bridge)

A friend of mine, Mark, who is employed in San Francisco’s tech industry, described the situation he is confronted with on his daily commute to work by bicycle. “In the past, I’d be able to make the ride into the city in about 20 minutes, but I’m constantly forced to change my route due to the sidewalks being taken over by makeshift shelters and drug addicts,” he said. When I asked if he changes his route out of fear his answer surprised me. “To be honest, the druggies are so out of their minds that they really only present a danger to themselves. I avoid the areas where they congregate because passing through these zombie wastelands is just too depressing.” But there is more to San Fran’s current woes than just tent cities playing host to assorted fentanyl abusers and homeless people, two social ailments in the US that now seem to occur concomitantly.

Many long-term locals are being forced to give up their beloved city due to high rental costs, runaway inflation, a downturn in the tech industry, and big box stores as well as small retailers who are being driven out of town by roaming mobs that act with impunity. It is getting so bad that San Francisco may actually go broke considering that almost a third of its lucrative commercial property is now standing empty. The situation should give local leaders, not least of all California Governor Gavin Newsom, tremendous pause as it appears that even the Biden administration is slowly unfurling the white flag of defeat over the trashed landscape. Earlier this month, the Department of Health and Human Services (HHS) advised its hundreds of federal employees in San Francisco to work from home “for the foreseeable future” due to rampant crime and safety concerns.

“In light of the conditions at the Federal Building we recommend employees maximize the use of telework for the foreseeable future,” the memo warned. What is doubly embarrassing for the Democratic Party, which largely controls San Francisco, as well as the majority of prime California voting estates, is that the office complex in question, until just recently, was known as the ‘Speaker Nancy Pelosi Federal Building.’ Inside the hollowed-out shell of this 18-story ‘green-building’ disaster is the office of former Speaker Pelosi, manned by five dutiful employees, who said they would hold down the fort and not shift to remote work, in what we can be sure was an absolutely personal decision on their part.

So who’s to blame for San Francisco’s ongoing plight? One needn’t dabble in conspiracy theories to suggest that George Soros, the billionaire philanthropist and financier who has a soft spot in his 93-year-old heart for progressive politicians who promise to go easy on criminals, played a part. Last year, The Law Enforcement Legal Defense Fund (LELDF) released a shocking report that showed there were 75 Soros-backed “social justice” prosecutors overseeing half of America’s 50 most populous cities. To put that figure another way, about 1 in 5 Americans are represented by a prosecutor who either received direct financial contributions from Soros or through his vast empire of philanthropic organizations, many of which are exceedingly hard to trace.

https://twitter.com/i/status/1693132150604787886

Read more …

 

 

 

 

Herbie

 

 

 

 

Reflex

 

 

This is the tomb of Marie Sklodowska-Curie, located in the Panthéon in Paris. What sets this tomb apart is its unique reinforcement with an inch-thick layer of lead. This measure was taken to shield the public from the lingering radiation that continues to emanate from her remains. Marie Curie, a French-Polish scientist, achieved remarkable feats in her lifetime. She was the recipient of the Nobel Prize in Physics in 1903 and later, in 1911, the Nobel Prize in Chemistry. Notably, she holds the distinction of being the first woman to ever receive a Nobel Prize, the only person to win Nobel Prizes in two distinct scientific fields, and the first to win two Nobel Prizes.

Despite facing adversity, including being barred from higher education due to her gender, Curie persisted in her pursuit of knowledge. She resorted to attending a clandestine institution known as the “Flying University” to further her education. Marie Curie is renowned for her groundbreaking discovery of the radioactive elements radium and polonium, as well as coining the term “radioactivity.” Unbeknownst to her at the time, her close work with radium led to her inadvertent exposure to harmful radiation, ultimately contributing to her death in 1934 from aplastic anemia.

Remarkably, Curie’s body, along with her personal possessions such as cookbooks, clothing, furniture, and lab notes, is expected to remain radioactive for another 1,500 years.

 

 

Support the Automatic Earth in wartime with Paypal, Bitcoin and Patreon.

 

 

 

 

 

Mar 272020
 

 

 

More People Are Dying Of COVID-19 In The US Than We Know (BF)
We Could Watch Entire Populations Vanish (IC)
Coronavirus Could Kill 81,000 In US, Subside In June – Washington U. (R.)
Hold The Line (M.)
China Promotes Bear Bile As Coronavirus Treatment (NatGeo)
Fed Balance Sheet Tops $5 Trillion For First Time (R.)
Broward Poll Workers Test Positive For COVID-19 (L10)
Moscow Laboratories Will Conduct 13,000 Tests For Coronavirus Every Day (Tass)
New Zealand Coronavirus Deaths During Lockdown Could Be Just 20 – Modelling (G.)
Coronavirus Job Losses Will Raise Mortgage Stress More Than GFC Did (ABC.au)
France, Czechs, & Other US Allies Exit Iraq Over COVID-19 Fears (ZH)
Spike in Unemployment Claims is Even More Horrid Than it Appears (WS)
What Should The EU Do Now: 3-Point Plan For Averting A Depression (Varoufakis)
Dylan Ratigan: “An Abomination Beyond Comprehension” – “Bernie Folded” (Dore)
Muder Most Foul (Bob Dylan)

 

 

A word about testing. There are stories everywhere of people dying without even having beenn tested, and of doctors not getting permission to test. Many countries have a central body that must give permission for a test, and they often don’t until it’s too late in the game (the life). To a larg extent, this is because politicians simply failed to procure test kits. But there’s another thing: political incentives for massive and accurate testing hardly exist at all (in the short term), while incentives for not testing are obvious: you look better.

The UK testing story could change that all, with its potential finger-prick 15 minute test, but only if that test is at least 95% accurate. I know they claim it is, but we’ll have to see. There are stories about Chinese tests that are 30% accurate, and it’s easy to see why that is useless. But I was talking to someone yesterday who said: there are now tests that are fast and 70% accurate! But isn’t that useless too. No, they can do a better test with those who test negative! Yes, but the 70% applies to the positives too… So 70% means you have to retest everyone. And we haven’t even mentioned asymptomatic cases yet…

 

 

Note: we may see the first time that 100,000 new cases come within 24 hours

Cases 542,385 (+ 55,683 from yesterday’s 486,702)

Deaths 24,368 (+ 2,347 from yesterday’s 22,021)

 

 

 

From Worldometer yesterday evening (before their day’s close) US: 17,000 cases in a day

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 16% –

 

 

From SCMP:

 

 

From COVID2019Live.info:

 

 

 

 

Not in the US, everywhere.

More People Are Dying Of COVID-19 In The US Than We Know (BF)

Medical professionals around the US told BuzzFeed News that the official numbers of people who have died of COVID-19 are not consistent with the number of deaths they’re seeing on the front lines. In some cases, it’s a lag in reporting, caused by delays and possible breakdowns in logging positive tests and making them public. In other, more troubling, cases, medical experts told BuzzFeed News they think it’s because people are not being tested before or after they die. In the US, state and county authorities are responsible for collecting data on cases of COVID-19, the disease caused by the novel coronavirus, and deaths. The data is then reported to the Centers for Disease Control and Prevention.

In California, one ER doctor who works at multiple hospitals in a hard-hit county told BuzzFeed News, “those medical records aren’t being audited by anyone at the state and local level currently and some people aren’t even testing those people who are dead.” “We just don’t know. The numbers are grossly underreported. I know for a fact that we’ve had three deaths in one county where only one is listed on the website,” the doctor said. A spokesperson for the California Department of Health told BuzzFeed News in an email that “local health jurisdictions are required to report all positive COVID-19 cases to the state. In addition, when a death or impending death from COVID-19 occurs, health care facilities must immediately notify their local health jurisdiction and the state.”

[..] two of the hardest-hit areas in the nation — New York City and Los Angeles County — released guidance earlier this week encouraging doctors not to test patients unless they think the test will significantly change their course of treatment. That means that potentially more people in both places could be admitted to hospitals with severe respiratory symptoms and recover — or die — and not be registered as a coronavirus case.

Read more …

Africa. Pray.

We Could Watch Entire Populations Vanish (IC)

On March 18, Burkina Faso suffered the first confirmed Covid-19 fatality in all of sub-Saharan Africa. The victim was Rose-Marie Compaoré, the first vice president of the Sahelian nation’s parliament. Tiny, impoverished, and conflict-scarred, Burkina Faso is now West Africa’s worst-affected country, with 146 confirmed cases, including four government ministers. The U.S. ambassador to Burkina Faso, Andrew Young, has also tested positive for the disease. Burkina Faso has seen more than its share of hardships: poverty, drought, hunger, coups. But the coronavirus poses a new kind of threat to a country wracked by a war that has displaced around 700,000 Burkinabe in the last year.

Many of those people now find themselves under great physical and emotional strain, lacking proper shelter, food, and the other necessities — all of which makes them more vulnerable to the pandemic. Experts fear that Covid-19 could decimate entire settlements of Burkina Faso’s displaced, and they are bracing for devastating outbreaks in conflict zones, refugee camps, and the poorest countries in the developing world. Globally, millions of refugees and internally displaced persons, or IDPs, living in cramped, squalid conditions find themselves at risk. “When the virus hits overcrowded settlements in places like Iran, Bangladesh, Afghanistan, and Greece, the consequences will be devastating,” warned Jan Egeland, secretary general of the Norwegian Refugee Council [..] He also spoke of “carnage when the virus reaches parts of Syria, Yemen, and Venezuela where hospitals have been demolished and health systems have collapsed.”

[..] I have no reason to believe Moumoumi Sawadogo had Covid-19 when I met him eight weeks ago in Burkina Faso. After living 89 years in an arid, impoverished land on the fringe of the Sahara Desert, surviving a massacre, walking for a week and enduring hunger and homelessness, it was clear that Sawadogo was a survivor. But Covid-19 posed a different kind of danger. “These populations are already very vulnerable to diseases that are otherwise easy to treat. But that’s not the case when they have no access to water or proper sanitation or health care,” Alexandra Lamarche, senior advocate for West and Central Africa at Refugees International, told The Intercept. “We could watch entire populations vanish.”

Read more …

Modelling is only as good as its initial assumptions. Which in this case come out of hot thin air.

Coronavirus Could Kill 81,000 In US, Subside In June – Washington U. (R.)

The coronavirus pandemic could kill more than 81,000 people in the United States in the next four months and may not subside until June, according to a data analysis done by University of Washington School of Medicine. The number of hospitalized patients is expected to peak nationally by the second week of April, though the peak may come later in some states. Some people could continue to die of the virus as late as July, although deaths should be below epidemic levels of 10 per day by June at the latest, according to the analysis. The analysis, using data from governments, hospitals and other sources, predicts that the number of U.S. deaths could vary widely, ranging from as low as around 38,000 to as high as around 162,000.

The variance is due in part to disparate rates of the spread of the virus in different regions, which experts are still struggling to explain, said Dr. Christopher Murray, director of the Institute for Health Metrics and Evaluation at the University of Washington, who led the study. The duration of the virus means there may be a need for social distancing measures for longer than initially expected, although the country may eventually be able relax restrictions if it can more effectively test and quarantine the sick, Murray said. The analysis also highlights the strain that will be placed on hospitals. At the epidemic’s peak, sick patients could exceed the number of available hospital beds by 64,000 and could require the use of around 20,000 ventilators. Ventilators are already running short in hard-hit places like New York City.

The virus is spreading more slowly in California, which could mean that peak cases there will come later in April and social distancing measures will need to be extended in the state for longer, Murray said. Louisiana and Georgia are predicted to see high rates of contagion and could see a particularly high burden on their local healthcare systems, he added.

Read more …

Let the caretakers talk. They need to, and we need to hear them.

Hold The Line (M.)

As an infectious disease epidemiologist (although a lowly one), at this point I feel morally obligated to provide some information on what we are seeing from a transmission dynamic perspective and how they apply to the social distancing measures. Like any good scientist I have noticed two things that are either not articulated or not present in the “literature” of social media. I have also relied on my much smarter infectious disease epidemiologist friends for peer review of this post; any edits are from peer review. Specifically, I want to make two aspects of these measures very clear and unambiguous. First, we are in the very infancy of this epidemic’s trajectory. That means even with these measures we will see cases and deaths continue to rise globally, nationally, and in our own communities in the coming weeks.

This may lead some people to think that the social distancing measures are not working. They are. They may feel futile. They aren’t. You will feel discouraged. You should. This is normal in chaos. But this is normal epidemic trajectory. Stay calm. This enemy that we are facing is very good at what it does; we are not failing. We need everyone to hold the line as the epidemic inevitably gets worse. This is not my opinion; this is the unforgiving math of epidemics for which I and my colleagues have dedicated our lives to understanding with great nuance, and this disease is no exception. I want to help the community brace for this impact. Stay strong and with solidarity knowing with absolute certainty that what you are doing is saving lives, even as people begin getting sick and dying. You may feel like giving in. Don’t.

Second, although social distancing measures have been (at least temporarily) well-received, there is an obvious-but-overlooked phenomenon when considering groups (i.e. families) in transmission dynamics. While social distancing decreases contact with members of society, it of course increases your contacts with group (i.e. family) members. This small and obvious fact has surprisingly profound implications on disease transmission dynamics. Study after study demonstrates that even if there is only a little bit of connection between groups (i.e. social dinners, playdates/playgrounds, etc.), the epidemic isn’t much different than if there was no measure in place. The same underlying fundamentals of disease transmission apply, and the result is that the community is left with all of the social and economic disruption but very little public health benefit. You should perceive your entire family to function as a single individual unit; if one person puts themselves at risk, everyone in the unit is at risk.

Read more …

This is about wildlife, not economic pessimists. Just in case you were confused.

China Promotes Bear Bile As Coronavirus Treatment (NatGeo)

Less than a month after taking steps to permanently ban the trade and consumption of live wild animals for food, the Chinese government has recommended using Tan Re Qing, an injection containing bear bile, to treat severe and critical COVID-19 cases. It is one of a number of recommended coronavirus treatments—both traditional and Western—on a list published March 4 by China’s National Health Commission, the government body responsible for national health policy. This recommendation highlights what wildlife advocates say is a contradictory approach to wildlife: shutting down the live trade in animals for food on the one hand and promoting the trade in animal parts on the other. Secreted by the liver and stored in the gallbladder, bile from various species of bears, including Asiatic black bears and brown bears, has been used in traditional Chinese medicine since at least the eighth century.

It contains high levels of ursodeoxycholic acid, also known as ursodiol, which is clinically proven to help dissolve gallstones and treat liver disease. Ursodeoxycholic acid has been available as a synthetic drug worldwide for decades. [..] Traditional Chinese medicine practitioners typically use Tan Re Qing to treat bronchitis and upper respiratory infections. Clifford Steer, a professor at the University of Minnesota in Minneapolis, has studied the medical benefits of ursodeoxycholic acid. He knows of no evidence that bear bile is an effective treatment for the novel coronavirus. But, he says, ursodeoxycholic acid is distinct from other bile acids in its ability to keep cells alive and may alleviate symptoms of COVID-19 because of its anti-inflammatory properties and ability to calm the immune response.

Although use of bear bile from captive animals is legal in China, bile from wild bears is banned, as is the import of bear bile from other countries. According to Aron White, wildlife campaigner for the Environmental Investigation Agency (EIA)—a nonprofit based in London, England, that exposes wildlife crimes—his organization learned first about the Chinese government’s recommendations to treat COVID-19 via social media posts from illegal traders. “We were witnessing how this government recommendation was being coopted by the traffickers to advertise their illegal products as a treatment,” White says. Illegal bile from wild bears is produced in China, he says, and is also imported from wild and captive bears in Laos, Vietnam, and North Korea.

Read more …

If numbers get big enough, they lose meaning.

Fed Balance Sheet Tops $5 Trillion For First Time (R.)

The U.S. Federal Reserve’s balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic. The Fed’s total balance sheet size exploded by more than half a trillion dollars in a single week, roughly twice the pace of the next-largest weekly expansion in the financial crisis in October 2008. As of Wednesday, the Fed’s stash of assets totaled $5.3 trillion, according to data released on Thursday.

The Fed bought $355 billion of Treasuries and mortgage-backed bonds in the last week in what is now an open-ended commitment to stabilize financial markets rocked by the outbreak and the halt in economic activity that has come in its wake. It also offered more than $200 billion in credit through so-called foreign currency swap lines to other central banks to allow them to pump much-needed greenbacks into their jurisdictions to help foreign borrowers stay current with their dollar-denominated liabilities.

The weekly snapshot of the Fed’s balance sheet, released each Thursday, also showed sizable demand for a pair of brand new liquidity facilities aimed at stabilizing money markets and supporting primary dealers, the banks that transact directly with the central bank. The new Primary Dealer Credit Facility had been tapped for $27.7 billion in loans as of Wednesday, while the Money Market Mutual Fund Liquidity Facility had borrowings of $30.6 billion.

Read more …

Which bunch of fools decided to have that vote?

Broward Poll Workers Test Positive For COVID-19 (L10)

Two poll workers have been positively diagnosed with coronavirus, according to a statement from The Broward County Supervisor of Elections. One of the workers was only at Precinct V011 on Tuesday, March 17, Election Day, which is located at the Martin Luther King Community Center in Hollywood. The other worked at V020 at the David Park Community Center (also in Hollywood) as well as a Weston early voting location. The supervisor said that county staff as well as other poll workers at the locations have been notified of the situation. However, voters who were at the polls in person on March 17 at either of those locations or who voted early at the Weston early voting location may “wish to take appropriate steps and seek medical advice.”

Read more …

Because of western testing that may seem like a high number, but it’s not.

Moscow Laboratories Will Conduct 13,000 Tests For Coronavirus Every Day (Tass)

The laboratories in Moscow will carry out up to 13,000 tests for the novel coronavirus per day, Deputy Mayor Anastasiya Rakova said on Thursday. “Last week, only federal laboratories were authorized to conduct tests. We have fully joined this effort, launching nine laboratories. Today we are conducting nearly 4,000 tests for the coronavirus in Moscow laboratories. In the coming week w will boost the capacity to 13,000 [tests] per day,” Rakova told a TV program hosted by Vladimir Solovyov on Rossiya-1 channel. According to Rakova, the authorities were preparing for all scenarios of how the events would unfold. “Increasing the number of people who are to be tested for the coronavirus is a necessary condition and a crucial step for stopping the spread of the virus,” she stressed.


In late December 2019, Chinese authorities notified the World Health Organization (WHO) about the outbreak of a previously unknown pneumonia in the city of Wuhan, central China. Since then, cases of the novel coronavirus – named COVID-19 by the WHO – have been reported in more than 150 countries. [..]Russia has recorded 840 coronavirus cases, with more than half of them in Moscow. Some 38 people have recovered and have been discharged from hospitals, and two people have died.

Read more …

When the desire for optimist political messaging becomes fully irresponsible.

New Zealand Coronavirus Deaths During Lockdown Could Be Just 20 – Modelling (G.)

Jacinda Ardern has implored New Zealanders to “stay local” during a four-week countrywide lockdown as modelling showed that strict measures adopted by the country could limit deaths to 0.0004% of the population – or about 20 people. Research released by Te Punaha Matatini suggested that, left unchecked, the virus could eventually infect 89% of New Zealand’s population and kill up to 80,000 people in a worst-case scenario. According to the research, intensive care beds would reach capacity within two months and the number of patients needing intensive care would exceed 10 times capacity by the time the virus peaked.


However, with the strictest suppression measures, which the country has adopted, the fatalities would drop to just 0.0004%. Hospital capacity would not be exceeded for over a year. These measures included physical distancing, case isolation, household quarantine, and closing schools and universities and would require the restrictions to remain in place until a vaccine or other treatment was developed. However, researchers noted such strategies can “delay but not prevent the epidemic”. “When controls are lifted after 400 days, an outbreak occurs with a similar peak size as for an uncontrolled epidemic,” the researchers wrote. The government has currently mandated a four-week lockdown.

Read more …

Zero recognition of living in a bubble.

Coronavirus Job Losses Will Raise Mortgage Stress More Than GFC Did (ABC.au)

As job losses continue to rise because of shutdowns in place to fight the coronavirus crisis, the number of Australians struggling to repay their mortgages is expected to lift to higher levels than seen during the global financial crisis. Credit rating agency S&P Global has warned the number of Australians falling behind on their mortgage repayments is likely to soar. “We currently expect increases in arrears to be higher than during the 2008 global financial crisis, given the wide-ranging effects on the economy stemming from the sudden disruption to economic activity,” S&P analyst Erin Kitson said. Australia avoided mass defaults during the GFC, with mortgage arrears rising to 1.69 per cent after the 2008 crisis, from a pre-crisis average of about 1.40 per cent.

The latest S&P data said mortgage arrears were 1.36 per cent in January, up from 1.28 per cent last December. Ms Kitson could not put a number on the exact number of Australian households that would be impacted by arrears but noted that many of those facing difficulty would be the self-employed. But the Federal Government’s stimulus packages and hardship relief measures from banks would limit some of the damage, Ms Kitson added. To fight the economic threat, the Government will announce a third stimulus package, expected within days. Many banks have also recently announced COVID-19 support packages that provide affected borrowers with an option to defer their repayments for up to six months.

The Reserve Bank cuts interest rates to a record low and announces a quantitative easing program for the first time in its history to help prevent a coronavirus-driven recession. And regulator, the Australian Prudential Regulation Authority (APRA), has said if a borrower who has been meeting their repayment obligations until recently chooses to take up the repayment holiday, then the bank need not classify that period as “arrears”. Other emergency measures aimed at banks include an emergency interest rate cut and $90 billion in cheap 0.25-per-cent funding for three years for small business loans.

Read more …

One day the Pentagon stops all troop movements, the next day the US declares Maduro a terrorist, and the allies, want nno part of this.

Seeing your soldiers die of corona would be much too close to WWI mass Spanish flu deaths in the trenches.

France, Czechs, & Other US Allies Exit Iraq Over COVID-19 Fears (ZH)

The United States has shown itself willing to both keep up its ‘maximum pressure’ campaign on Iran and its proxies while riding roughshod over Iraqi sovereignty by remaining in the country even as Baghdad leaders and the broader population demand a final exit. But in another sign Europe is ready to divorce itself from US aims in the region, France has abruptly withdrawn its forces from the country after being there for five years. Interestingly the prime reason given was troop safety concerns over the coronavirus outbreak, but we imagine European leaders likely now see an opportunity to make a swift and easy exit without provoking the ire of their US counterparts. International correspondents say this includes French withdrawal from six bases, with a small contingent of about 100 troops remaining in the country.


The Czech Ministry of Defense also announced the exit of its forces Wednesday, which followed a large contingent of British forces leaving last week, also on fears of coronavirus exposure during the mission. “British, French, Australian and Czech troops who were coaching Iraqi counterparts were being temporarily sent home as Baghdad had put a hold on training operations to prevent the spread of COVID-19,” reports the AFP this week. All had been there to support coalition anti-ISIL operations led by Washington. But as the US mission to defeat the Islamic State has lately become less relevant given the demise of the terror group, Washington’s focus became Iranian influence inside Iraq – far beyond the original mission scope. The US itself had been reportedly drawing down from certain bases, but is not expected to ultimately depart given the current high state of tensions with Iran-backed militias in the country.

Read more …

The stimulus bill has opened access to assictance for the entire gig economy.

Spike in Unemployment Claims is Even More Horrid Than it Appears (WS)

This morning, the US Dept. of Labor announced that 3.283 million people had filed initial unemployment claims in the week ended March 21. We were warned yesterday that today’s initial claims would be horrid. In his press conference yesterday concerning the coronavirus, California Governor Gavin Newsom said that California by itself had “just passed the 1 million mark” in unemployment claims since March 13 — and this might include claims to be reflected in the next reporting week. And it’s going to get worse. The five largest counties of the San Francisco Bay Area were the first major region in the US to go into lockdown on March 17. The State of California followed on March 20, toward the end of the unemployment-claims reporting week (through March 21), and many other states followed within days – and many of those claims were filed after this reporting week had ended. This is the mind-blowing effect what started to happen in the week ended March 21:

The report by the Department of Labor this morning listed some sectors that were particularly hard hit by “COVID-19 virus impacts”: • Services industries broadly, particularly accommodation and food services; • health care and social assistance services; • arts, entertainment and recreation; • transportation and warehousing; • manufacturing industries. However, this horrid spike in claims only shows a partial picture. Since the end of that reporting week, lockdowns have spread to many other states, and companies in those states are now struggling with how to cope. Many companies had already laid off people before the lockdowns – and this is reflected in today’s unemployment claims. But much of the fallout from those lockdowns and their secondary effects will be reflected in future reports.


The gig economy, as the US economy has been called due to the growth of business models that shift labor from employees to contract workers, is unprepared for this. Under current rules, gig workers cannot file for unemployment claims – though the stimulus package will change this. And for now, they have not filed for unemployment claims. But their hours of many have been cut, and others lost their gigs entirely. This includes musicians whose gigs were eliminated when bars, restaurants, and clubs shut down. It includers actors and singers and artists. It includes Uber and Lyft drivers whose business has dwindled. It includes self-employed vacation-rental entrepreneurs with some units on Airbnb that no one is booking because the travel industry has shut down. It includes tech workers whose projects have been put on hold. It includes instructors and coaches of all kinds – such as figure skating coaches, language coaches, and corporate coaches. And so on. Many millions of people.

Read more …

The battle between getting closer together and staying further apart. Stuck between social distancing and political distancing.

What Should The EU Do Now: 3-Point Plan For Averting A Depression (Varoufakis)

With Lives, Livelihoods and the Union on the brink, the COVID-19 pandemic is the greatest test of the European project in the history of the Union — and we are failing. Solidarity was meant to be a foundational principle of the EU. But solidarity is missing at the moment it is most needed. COVID-19 has revealed a fundamental truth: Europe is only as healthy as its sickest resident, only as prosperous as its most bankrupted. But the EU’s leadership is paralysed by its beggar-thy-neighbour – and now sicken-thy-neighbour – mindset. The price of this failure will not merely be lives lost and livelihoods destroyed. It will be the disintegration of the Union itself. In line with its Green New Deal for Europe, DiEM25 offers a 3-point plan to protect all European residents, avert an economic depression, and prevent the collapse the Union.

Our plan is premised on four basic facts.
1) Public debt will, and must, rise: The precipitous fall in private sector incomes must be replaced by government expenditure. If not, bankruptcies will destroy much of Europe’s productive capacity and, thus, deplete the tax base even further.

2) The wholesale rise in public debt must not divide us: The last euro crisis wrecked some member-states’ fiscal position while improving the fiscal position of others. The results are wildly different fiscal absorption capacities across the eurozone. If the rise in public debt is not a shared burden, the new euro crisis will destroy the last chance to hold the European Union together once the virus itself has been defeated.

3) A Eurobond is essential, but the devil is in its details: Nine eurozone governments have rightly demanded the issue of a Eurobond so that the burden of rising public debt is shared. But the most important questions remain: Which institution should issue it? And who will back it? DiEM25 believes there is only one answer: an ECB-Eurobond backed solely by the ECB.

4) A Eurobond is essential, but it is not enough: Two more interventions are needed. During the pandemic, Europe must inject directly cash into every citizen’s bank account immediately so as to prevent as many bankruptcies and lost livelihoods as possible. Once the pandemic recedes, Europe must embark upon a sizeable, effective and common green investment program so as to improve Europe’s overall capacity to bounce back.

Read more …

I haven’t had time to listen to the whole thing. But I miss Dylan Ratigan.

Dylan Ratigan: “An Abomination Beyond Comprehension” – “Bernie Folded” (Dore)

Jimmy Dore talks to Dylan Ratigan

Read more …

In the midst of the corona crisis,, Bob Dylan dropped a 17-minute song, on the murder of JFK. It’s his first original song in 8 years, and also of course since getting the Nobel Prize.. And why not. For help with lyrics go here

The day that they killed him, someone said to me, ‘Son
The age of the Antichrist has only begun.’
Air Force One coming in through the gate
Johnson sworn in at 2:38
Let me know when you decide to thrown in the towel
It is what it is, and it’s murder most foul


What’s new, pussycat? What’d I say?
I said the soul of a nation been torn away
And it’s beginning to go into a slow decay
And that it’s 36 hours past Judgment Day

Muder Most Foul (Bob Dylan)

Read more …

Readership is up, but ad revenue is not. I’ve said it before, it must be possible to run a joint like the Automatic Earth on people’s kind donations. These are no longer the times when ads pay for all you read, your donations have become an integral part of it. It has become a two-way street; and isn’t that liberating, when you think about it?

Thanks everyone for your wonderful donations over the past few days.

 

 

 

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