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Debt Rattle August 26 2020

Aug 262020

August 26, 2020 Posted by Raúl Ilargi Meijer at 9:43 am Finance Tagged with: Assange, coronavirus, Covid19, fat, Hillary, Hob, Kenosha, llama, Navalny, RNC, San Francisco, spy plane 23 Responses »

Willem de Kooning Gotham News 1955

• Wisconsin Governor Declares ‘State Of Emergency’ (ZH)

• Hillary Clinton Says Biden Should Not Accept Results Of The 2020 Election (ET)

• US Spy Plane Enters No-Fly Zone During Chinese Live-fire Naval Drill (SCMP)

• Poisoning Navalny ‘Would Not Benefit’ Moscow – Russian Foreign Ministry (RT)

• San Francisco “Pent-up Supply” Turns into Record Glut of Houses & Condos (WS)

• Sacrifice for Thee, Vast Wealth for Me (Ben Hunt)

• Dairy And Fat Could Save Your Life (Aus.)

• Assange ‘In A Lot Of Pain’ Says Partner After Prison Visit (IE)

• Hob The Llama And His Alpaca Pals Take Regular Streetside Walks (Stuff)

Just spent an entire morning filled with RNC videos and Kenosha riots. Be careful with that country of yours.

US daily new cases are holding on to their downward trend. But total cases are set to pass 6 million.

Spin

The mechanics—of the brain reaching a Shannon Limit of bandwidth processing.

We see a universe in the spin.pic.twitter.com/XlmNqF0o2F

— Brian Roemmele (@BrianRoemmele) August 25, 2020

When is it going to stop? Not on November 4, that’s for sure.

• Wisconsin Governor Declares State Of Emergency (ZH)

Wisconsin Governor Tony Evers declared a state of emergency on Tuesday, after the second wave of violent protests that rocked the city of Kenosha and the capital of Madison, after a video of police officers shooting an African American man named Jacob Black went viral on social media. The order proclaims a state of emergency in Wisconsin, directs state agencies to continue assisting the state response, and calls to state active duty additional elements of the Wisconsin National Guard to support first responders and protect critical infrastructure and cultural institutions. Evers first called in the national guard to respond to the looting and violence on Monday, and he delivered a statement on the situation earlier today.

In order to try to signal to the public that he’s ‘doing something’, Evers earlier called for a special session for the state legislature to consider police-reform bills that will hobble law enforcement in the face of riots and unrest, and as small business owners are forced to watch in disbelief as their livelihoods are destroyed, with no authorities there to stop it. Meanwhile, a petition demanding Evers “charge the cops who killed Black” has garnered half a million signatures.

What use are elections when nobody accepts the results?

• Hillary Clinton Says Biden Should Not Accept Results Of The 2020 Election (ET)

Former first lady and 2016 Democratic candidate Hillary Clinton said Joe Biden shouldn’t concede the election because the final results of the election will likely drag out due to mail-in ballots. “Joe Biden should not concede under any circumstances because I think this is going to drag out, and eventually, I do believe he will win if we don’t give an inch and if we are as focused and relentless as the other side is,” Clinton said in an interview on Tuesday. “I think that [Republicans] have a couple of scenarios that they are looking toward. One is messing up absentee balloting. They believe that helps them so that they then get maybe a narrow advantage in the Electoral College on Election Day,” she claimed.

“So we’ve got to have a massive legal operation, and I know the Biden campaign is working on that.” She went on: “We have to have our own teams of people to counter the force of intimidation that the Republicans and Trump are going to put outside polling places,” Clinton said, urging people to become poll workers in November. And even if you do concede, always blame the Russians? President Donald Trump said Monday that mail-in voting access is a politically motivated plan hatched by Democrats. “What they’re doing is using COVID to steal an election,” Trump said at the Republican National Convention. “They’re using COVID to defraud the American people, all of our people, of a fair and free election. We can’t do that.”

“Eighty million mail-in ballots they’re working on, sending them out to people that didn’t ask for them,” Trump added. “And it’s not fair and it’s not right, and it’s not going to be possible to tabulate, in my opinion.” Some political observers have said that a winner of the presidential contest might not be declared on Election Day due to mail-in voting delays. The mail-in voting push is designed to curb the spread of the CCP (Chinese Communist Party) virus. Trump, in recent months, has criticized mail-in voting efforts, accusing Democrats of trying to steal the election. House Speaker Nancy Pelosi (D-Calif.) earlier this week asserted in an interview that Trump is trying “to scare people from voting, to intimidate them by saying he’s going to have law enforcement people at the polls.” “But ignore him,” she said, “because his purpose is to diminish the vote, to suppress the vote.”

The laws are not crystal clear.

• US Spy Plane Enters No-Fly Zone During Chinese Live-Fire Naval Drill (SCMP)

The US has sent spy planes over a live-fire Chinese military drill – including a U-2 which entered a declared no-fly zone – triggering a protest from Beijing and heightening the risk of an armed conflict. The development followed weeks of increased US activity in the region, with numerous military jets and vessels deployed to keep a close watch on Chinese activity. The Beijing-based think tank South China Sea Probing Initiative said a US air force reconnaissance aircraft RC-135S flew across the South China Sea on Wednesday, during the Chinese military drill. But it said it appeared the plane was on a transfer, rather than a reconnaissance mission.

Chinese defence ministry spokesman Wu Qian said a U-2 reconnaissance jet flew without permission over the no-fly zone in the PLA’s northern military region, where the live fire drills were taking place. “It seriously interfered in normal exercise activities. It seriously violated the code of safe behaviour for air and sea between China and the US and international norms. It easily leads to misjudgment, or could even cause accidents in the sea and air,” Wu said. “The move was an obvious provocation. China firmly opposes such provocative actions and has lodged solemn representations with the US side.”

A source close to the Chinese military said the U-2 high-altitude reconnaissance aircraft came from a military base in South Korea, and flew over the Bohai Gulf where China’s aircraft carrier the Shandong was taking part in the exercise. China’s Maritime Safety Administration said live-fire exercises were being conducted in waters off the country’s northeastern coast, stretching from the Bohai Gulf to the Yellow Sea. In a statement, the US military said the U-2’s flight was “within the accepted international rules and regulations governing aircraft flights” and that Pacific air force personnel would “continue to fly and operate anywhere international law allows, at the time and tempo of our choosing”.

Navalny is important only for the Russiagaters.

• Poisoning Navalny ‘Would Not Benefit’ Moscow – Russian Foreign Ministry (RT)

Moscow does not stand to benefit from the alleged poisoning of anti-corruption activist Alexey Navalny, the Russian Foreign Ministry has said, noting the haste with which Western media and governments made the insinuation. The ministry issued a statement on Tuesday evening, following a meeting between Russian Foreign Minister Sergey Lavrov and US Deputy Secretary of State Stephen Biegun, during which the subject of Navalny was raised, among other issues. Lavrov pointed out the “suspicious haste” with which the narrative about Navalny’s alleged poisoning was picked up in Washington and Brussels and instantly compared to the “poisonings” of Alexander Litvinenko and the Skripals – which were blamed on Moscow before any investigations happened.

The question inevitably arises – who benefits from it? The Russian leadership clearly does not. The ministry added that accusations of a ‘cover-up’ made against the Russian doctors who first treated Navalny were untrue. “We consider deeply offensive the accusations of ‘covering up the truth’, directed from some Western capitals to the doctors in Omsk, who immediately rendered highly professional aid” to Navalny, the ministry said. “They gave the patient’s complete medical history to the team of German doctors,” the statement continued. “We hope that the German doctors will show the same professional approach and will not allow the results of their laboratory tests to be used for politicized purposes.”

[..] The European Union has already called for a “comprehensive investigation” of Navalny’s alleged poisoning. US Secretary of State Mike Pompeo seconded that on Tuesday, saying that “Navalny’s family and the Russian people deserve to see a full and transparent investigation carried out, and for those involved to be held accountable.” Dmitry Peskov, spokesman for Russian President Vladimir Putin, told reporters the German doctors were “rushing” to use the term poisoning, and that an investigation was premature. “There must be a reason for an investigation. At the moment, all you and I see is that the patient is in a coma,” Peskov told reporters. He added that any suggestions Putin was involved in Navalny’s condition were “hot air” and the Kremlin would not take them seriously.

The most distorted market around these days?!

• San Francisco “Pent-up Supply” Turns into Record Glut of Houses & Condos (WS)

We’re going to look at San Francisco’s housing market in two ways: The Case-Shiller Home Price Index released today, which lags months behind but provides good price-movement data for houses and condos; and near-real-time indicators. First the near-real-time indicators: “Active listings” in San Francisco skyrocketed by 137% year-over-year to 1,995 homes for sale in the week ended August 16, based on weekly data compiled by real-estate brokerage Redfin, from Multiple Listing Service (MLS) and Redfin’s own data. This is the biggest highest most stunning amount of inventory for sale since the very peak of Housing Bust 1 (chart via Redfin):

Note the normal seasonal surge in active listings after Labor Day through late October. But halfway into August, normally a slow time of the year when supply declines, supply instead exploded. This was “pent-up supply” that is now suddenly coming on the market. Redfin’s data set doesn’t go back to Housing Bust 1. But according to MLS data, the number of homes for sale in August now exceeds the peaks in August 2009 and August 2010 by about 10%, according to local real-estate site SocketSite. The number of condos for sale (1,160 condos, based on MLS data, net of all new sales and contract activity) is up by 230% from a year ago; and the number of single family houses for sale (390 houses) is up 110%. New listings jumped 124% from a year ago to 260 in the week ended August 16, according to Redfin data (chart via Redfin):

How capitalism killed itself.

• Sacrifice for Thee, Vast Wealth for Me (Ben Hunt)

Doug Parker, American Airlines CEO and Chairman of the Board, wrote a letter to his employees today that pretty much defines high-functioning sociopathy. [..] “Dear fellow team members, We respect and greatly appreciate the sacrifice these team members have made, and continue to make, for American and their fellow team members. Even with those sacrifices, approximately 19,000 of our team members will be involuntarily furloughed or separated from the company on Oct. 1.” [..] Know who’s not sweating the October 1 firing line? Know who’s surviving and thriving just fine, thank you very much? Doug Parker, that’s who.

Here are some fun facts about Doug Parker and his “leadership” of American Airlines since he became Chairman and CEO of the company in 2013, after its merger with US Airways. All of this (and more) can be found in a long note I wrote on the airline bailout back in March. From 2014 through 2019, Doug Parker pocketed more than $150 million in cash through his sale of 3.6 million shares in American Airlines. That’s in addition to the $50 million in stock he still owns (and net of the pittance that Doug has paid for all of these shares). That’s in addition to the $100+ million in cash salary and cash bonuses and deferred comp and stock options and incredible perks that Doug has received. Nope, cash comp and deferred comp are for suckers. Just ask Jamie Dimon.

These stock sales were particularly egregious in 2015 – 2016, where for a twelve month period Doug pocketed between $4 million and $11 million in stock sales per month, and again in 2018, when for a brief shining moment American Airline’s stock price went above $50. Wouldn’t you know it, Doug just happened to choose that moment to sell 437,000 shares of stock, more than twice as much stock as he had ever sold before and almost 5x the usual size of his stock sales. But surely, compensation like this is well earned. Surely, American Airlines has outperformed its competition, built a solid franchise, and delivered nice returns to its investors. LOL. Don’t call me Shirley. From 2014 – 2019, the same years that CEO and Chairman Doug pocketed $200 million in real money stock-based comp, American Airlines had *negative* free cash flow of $3.2 billion. And took on an additional $14 billion in debt. And bought back $13 billion of its stock.

Go keto.

• Dairy And Fat Could Save Your Life (Aus.)

You probably didn’t see that, a couple of weeks ago, a respected US scientific publication — the Journal Of the American College of Cardiology, no less — came out with a review of the literature saying there was no evidence that cutting saturated fats from your diet would help you live longer. And that eating more of the much-libelled lipids — found most abundantly in red meat and dairy — might help you avoid stroke. That you didn’t read about it is no surprise. It is one in a long list of trials, studies, reviews and meta-analyses that have found similar results and gone the same way — sunk without trace, ignored by the people who create our dietary guidelines.

This issue was brought into focus last month when eye surgeon Dr James Muecke, 2020’s Australian of the Year, wrote in the Canberra Times: “A flawed dietary guideline, which we have obediently and blindly followed for 40 years, is literally killing us. We’ve been encouraged to eat less fat and consume more carbs and yet we’ve never been fatter, our teeth never more rotten, and type 2 diabetes and its complications never more prevalent.” So what is Muecke talking about? Surely fat is bad, and saturated fat is worse. The JACC paper listed some of the recent papers to contradict these dietary certainties. There was the PURE (Prospective Urban Rural Epidemiological) study of 135,000 people from 18 countries on five continents.

It found that increased consumption of all types of fat (saturated, mono-unsaturated and polyunsaturated) was associated with lower risk of death and had a neutral association with CVD. By contrast, a diet high in carbohydrate was associated with higher risk of death. And those who ate the most saturated fat had lower risk of stroke, “consistent with the results from meta-analyses of previous cohort studies”. A newly-published study of 195,658 Brits over 10.6 years found “no evidence that saturated fat intake was associated with cardiovascular disease. In contrast, the substitution of polyunsaturated for saturated fat was associated with higher CVD risk.”

These are examples of epidemiology which can only prove associations, not causation. For that you need randomised trials, which are expensive and difficult. There have only ever been eight of them into the question of whether saturated fat will cause heart disease. The authors of the JACC paper looked at the six most recent systematic reviews and meta-analyses of those randomised trials. They wrote that the “results showed that replacing saturated fat with polyunsaturated fat has no significant effect on coronary outcomes or on total mortality.”

Hasn’t seen his own kids in 6 months.

• Assange ‘In A Lot Of Pain’ Says Partner After Prison Visit (IE)

Julian Assange’s partner has visited him in prison for the first time in almost six months, and said he looked much thinner than last time she saw him. Stella Moris took the couple’s two young children to meet their father, who is being held in Belmarsh Prison in south-east London, awaiting an extradition hearing on behalf of the United States government. Ms Moris and the WikiLeaks founder had to wear face masks and visors for the 20-minute meeting and were not allowed to touch each other. She told the PA news agency it was “incredibly stressful” but expressed relief at being able to visit him for the first time since March 22.

“We had to keep social distancing and Julian was told he would have to self-isolate for two weeks if he touched the children. “Julian said it was the first time he had been given a mask because things are very different behind the doors. “I could not see him very clearly because of the visors, but he looked a lot thinner. “He was wearing a yellow armband to indicate his level of prisoner status, and you could see how thin his arms were. “At least he got to see the children, even though he couldn’t touch them. The children were both calm – we all remained seated the whole time.”

[..] Gabriel, aged three, showed Assange how he could recite the alphabet and count, said his mother. Ms Moris said her partner is still suffering from a frozen shoulder, and had recently sprained his ankle. [..] “He is in a lot of pain,” she added. Ms Moris expressed concern about Covid-related health measures as Assange is transported to and from the court every day. She added that he has not had a face-to-face meeting with his legal team since lockdown began in March and only has limited access to the huge amount of paperwork generated by the case.

Just a few old friends. Hob gives you the feeling he’s looking down on you even if you’re taller than him. He’s one cool dude.

• Hob The Llama And His Alpaca Pals Take Regular Streetside Walks (Stuff)

Downtown Wellington might have Mittens, frolicking orca and a whale called Matariki – but one city suburb has a social-working llama on its Main St. Previously, Tawa was known for its women’s prison, a hedge crafted into the word ‘Tawa’ and its many churches. Now Stephen Mulholland, owner of Alpacas Rampant, has been taking his llama Hob for walks on a leash along Main St in the suburb – delighting and surprising locals. Mulholland said Hob, 14, a “laconic llama”, was brought in to keep his male alpacas in line. The naturally larger llama took the top spot in the pecking order, and prevented fighting. “When you have these testosterone-filled males, they can fight to the death … it keeps everything cruisy.”

Ross Giblin

Mulholland said he regularly takes Hob, “an exceptionally tolerant llama” for walks along Tawa’s Main St. The llama helped out with SPCA street appeals in the past, and has even worked with prison inmates, Mulholland said. “Hob the llama has actually been to Rimutaka Prison. He’s been places, done things.” Mulholland said one of the things he discovered walking his llama is that “a certain percentage of the population“ has no perception of their environment. “They walk right by a llama and don’t even notice. It does happen. I’m like, ‘how could you miss that?’.” But mostly he discovers people are truly delighted to see an out-of-the-ordinary animal trotting down the pavement. “I’ll take an hour in downtown Tawa and a lot of people will say ‘this has made my day’ … for a tiny amount of effort on my part, if I can make the day for a couple of dozen people, then that’s made Tawa, Wellington, a better place.”

Ross Giblin

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Debt Rattle August 25 2020

Aug 252020

August 25, 2020 Posted by Raúl Ilargi Meijer at 10:05 am Finance Tagged with: biblical, coronavirus, Covid19, Enemies of the State, Erdogan, Exxon Mobil, facemask, famine, Fed, Greece, lockdown, Pelosi, RNC, segregation 16 Responses »

Robert Capa Model wearing Dior on the banks of the Seine, Paris 1948

• Pelosi Calls Republicans ‘Domestic Enemies Of The State’ (ZH)

• UK Lockdown Was A ‘Monumental Mistake’ And Must Not Happen Again (Exp.)

• Let’s Follow the History of Science Instead (AIER)

• New York University To Implement Racial Segregation In Student Dorms (WSWS)

• Is The Euro Living On Borrowed Time? (Brown)

• Powell Set To Deliver Speech Changing How The Fed Views Inflation (CNBC)

• Exxon Mobil Dropped From The Dow After Nearly A Century (CBS)

• 1 In 3 Cars Worldwide Is Produced In China (ZH)

• Greece, Turkey Heading For New Crisis (K.)

• Biblical Travails (Jim Kunstler)

• UN World Food Program Seeks To Prevent ‘Famine Of Biblical Proportions’ (ZH)

Calling your political opponents “enemies of the state” is not done even in 2020 America.

Way over the line. There are still things you can’t say even in the 2020 US.

And you thought Biden was dementing…

Nancy, you’re 80. Call it a day.

• Pelosi Calls Republicans ‘Domestic Enemies Of The State’ (ZH)

House Speaker Nancy Pelosi (D-CA) raged against President Trump and Congressional Republicans on Monday, telling MSNBC that they’re “domestic enemies” of election integrity and “enemies of the state.” Pelosi was speaking right after President Trump’s speech at the Republican National Convention, according to the Daily Caller. “We take an oath to protect and defend the Constitution from all enemies, foreign and domestic. And sadly, the domestic enemies to our voting system and honoring our Constitution are right at 1600 Pennsylvania Avenue with their allies in the Congress of the United States. But again, let’s just get out there and mobilize, organize, and not let the President deter anybody from voting. And again, support the postal system which is election central,” said the 80-year-old Democrat. “They’re doing everything they can; suppress the vote — with your actions, scare people, intimidate by saying law enforcement will be there, diminish the role of the postal system in all of this. It’s really actually shameful. Enemies of the state,” she continued.

Perhaps this guy means well, but to conclude from the UK’s botched version of a lockdown that NO lockdown can work, takes away all his credibility. Phrasing matters.

And besides, buddy, you’re the government advisor here. Own it.

• UK Lockdown Was A ‘Monumental Mistake’ And Must Not Happen Again (Exp.)

Lockdown will come to be seen as a “monumental mistake on a global scale” and must never happen again, a scientist who advises the Government on infectious diseases says.Mark Woolhouse said lockdown was a “panic measure” but admitted it was the only option at the time because “we couldn’t think of anything better to do”. But it is a crude measure that takes no accounts of the risk levels to different individuals, the University of Edinburgh professor said, meaning that back in March the nation was “concentrating on schools when we should have been concentrating on care homes”. The professor of infectious disease epidemiology said that the Government must now focus on increasing testing and striving to unlock society safely rather than restricting it further.

Prof Woolhouse OBE, a member of the Scientific Pandemic Influenza Group on Behaviours that advises the Government, said: “Lockdown was a panic measure and I believe history will say trying to control Covid-19 through lockdown was a monumental mistake on a global scale, the cure was worse than the disease. “I never want to see national lockdown again. It was always a temporary measure that simply delayed the stage of the epidemic we see now. It was never going to change anything fundamentally, however low we drove down the number of cases, and now we know more about the virus and how to track it we should not be in this position again.

“We absolutely should never return to a position where children cannot play or go to school. “I believe the harm lockdown is doing to our education, health care access, and broader aspects of our economy and society will turn out to be at least as great as the harm done by Covid-19.” He said that Sage, the government’s advisory board on dealing with Covid, needed to have members from a wider range of fields.

And here’s another genius: “..our descendants will mock us for believing masks slowed viral transmission.”

No they won’t, unless they’re as stupid as he is. Lockdowns and facemasks prevent transmission, no science is more basic than that. But you do have to use them wisely.

If you send people out into the street with mandatory masks on, then yes, they don’t prevent anything. Because there is no risk of infection there. But put them in a cramped room for a period of time, and they are very effective.

What is it with these people, is it all just about hearing their own voices, credibility be damned? Some virus got to their brains?

I’m seriously starting to wonder where the virus causes the most damage. And it doesn’t appear to be either in care homes or classrooms, but in much smaller spaces.

• Let’s Follow the History of Science Instead (AIER)

Democratic Presidential hopeful Joe Biden is only the most high-profile politician to promise voters that he will “listen to the scientists,” mandate masks, and shut down the economy again if they so advise. Even the humble members of the city council of Milledgeville, Georgia invoke “science” in four pages of “whereas-es” designed to justify a largely toothless mask mandate that directly contradicts a Georgia law against wearing masks in public (except for certain holidays, presumably to deter real crime) and the enforcement of which in some places in the city of 50,000 apparently hinges on the font size of a door notice. Strange times indeed, these. One wonders why we need to elect politicians at all if they will simply defer to “the” scientists. Ah, but there be the rub. Which scientists? They don’t agree on much, especially when it comes to the novel coronavirus and masks and such.

Should we listen only to “the” scientists on the government payroll? But then wouldn’t they essentially be unelected, unaccountable dictators? That sounds vaguely undemocratic. Sticky, this wicket! Plus, last time I checked, “the” scientists have no policy expertise in economics. Perhaps that does not matter as many economists also have no policy expertise in economics. Is that the role of politicians, then? To decide which type of scientists get to dictate in different policy areas? Perhaps Biden will listen to “the” economists on spaceship design or military tactics? I would pay good money to see that! (Seriously, it would be a horribly expensive boondoggle certain to raise my taxes.) Why is it so important to “listen to the scientists” anyway? Are they suddenly less fallible than previously? Is there any science to support that belief? Because let’s face it, “the” scientists have a pretty poor track record overall.

I’m afraid I simply don’t understand the reasoning. Black students don’t want to explain about racism? But isn’t that sort of the whole point?

• New York University To Implement Racial Segregation In Student Dorms (WSWS)

Since late June, the Office of Residential Life and Housing Services at New York University (NYU) has been working closely with a small, student-led task force to make racially segregated housing a reality in undergraduate student dorms. On July 20, Washington Square News, the weekly undergraduate student newspaper of NYU, published an article titled “Student-Led Task Force Calls for Black Housing on Campus,” in which it reported on the university’s willingness to help implement residential communities open solely to “Black-identifying students with Black Resident Assistants.” Since then, the university has officially given the project a green light, aiming to have NYU’s first segregated residential floor established by Fall 2021.

A little over two months ago, a recently organized advocacy group called Black Violets created an online petition demanding that the university “implement Black student housing on campus in the vein of themed engagement floors across first-year and upperclassmen residence halls.” In its petition, the group argues that “Too often in the classroom and in residential life, black students bear the brunt of educating their uninformed peers about racism.” African American students, the group states, desperately require a “safe space” where they can escape from students, staff and faculty of other races. There are over 20 Themed Engagement Communities at NYU, with themes ranging from film, literature and theater to technology, science and foreign languages. All floors are open to all students, who request residency on a specific floor prior to the start of the academic year.

The approval of a Themed Engagement Community open to students based on their race is new at NYU. However, it is not the first time that the Office of Residential Life and Housing Services has considered such a proposal. In 2002, an NYU senior submitted a plan to develop race-based housing for African American students, claiming that “such a housing program would unite African American students on campus” and better combat racial discrimination. This proposal was eventually rejected by the university after a brief review and discussion.

Now, despite signs of minimal support from the undergraduate student body—the online petition has garnered a mere 1,105 signatures out of the 26,733 total undergraduates currently studying at NYU—the proposal for race-based housing has been warmly welcomed by the university administration. There is nothing progressive about the establishment of racially segregated housing at NYU. It is irrelevant whether the segregation being implemented is voluntary or mandatory. Racial segregation, in all forms, is entirely reactionary. The vile argument advanced in the proposal is that all non-African American students, staff and faculty are, to varying degrees, hostile and dangerous to African American students. Their animosity stems from an inherent antipathy towards individuals of different races.

“Investors” gamble on gold, they gamble on the euro. And they feel confident they’ll be able to get out on time. Basic, really. Pump trillions into “markets” and this is what happens.

• Is The Euro Living On Borrowed Time? (Brown)

Given the way the euro has been rallying in the foreign exchange markets over the past three months, you would be forgiven for thinking the currency has become a beacon of stability in uncertain times. You couldn’t be further from the truth. The rebound in the euro is simply the flip side of the US dollar being undermined by growing uncertainty about the upcoming US presidential election in November and how the US authorities are coping with the coronavirus crisis. Global investors are simply taking time out from long dollar exposures, and euro bulls are simply filling a temporary void. It won’t last long. The euro is living on borrowed time and the deepening monetary muddle in Europe won’t help the currency once the dust settles on the US elections.

The euro looks overvalued and a prime target for an ambush later this year. Europe’s monetary pacesetter, the European Central Bank, seems to be fighting a losing battle, struggling to keep the European economy from slipping into a deeper recession. The more policy stimulus the ECB throws into the ring, the greater the damage to its monetary reputation, and to little avail so far. Despite close to 3 trillion euros of assets purchased so far under the ECB’s quantitative easing programme and interest rates steeped in negative territory, the economy of Europe is showing precious few signs of a return to normality. Europe’s three biggest economies, Germany, France and Italy, are all stuck in recession with little chance of output reaching pre-pandemic levels until 2022. Rumblings about throwing too much good money after bad are no surprise. The ECB’s defence is that it has no alternative, otherwise Europe might suffer an even worse fate.

Germany has given up the ghost on trying to control the ECB’s monetary excesses. There seems to be a palpable sense of “if you can’t beat them, join them” for the sake of presenting a united front and avoiding a damaging public row. In the pre-euro days, tough Bundesbank policies and the strong Deutschmark were solid anchors of the European monetary system, implacable yardsticks which helped other European countries govern their own performances. [..] The worry for markets is that the triple-A-rated ECB’s vaults are bursting with a surfeit of lower-quality debt from nations like Italy, Spain, Portugal, Greece and Ireland, countries which have required support in times of market stress in the aftermath of the 2008 crash. Like in the US subprime crisis, it’s fine while the charade lasts, but once confidence begins to wobble, that is where the danger lies.

The Fed is going to try its hand at Abanomics?! Didn’t work for Japan. Remember, to raise inflation you need to raise the velocity of money. Which today meanns you have to raise the velocity of trillions of added dollars. Good luck with that.

• Powell Set To Deliver Speech Changing How The Fed Views Inflation (CNBC)

History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon, with the former taking desperate actions to try to tamp it down and the latter expected this week to announce an unprecedented effort to crank it back up. Volcker, the Federal Reserve chairman from 1979-87, ushered through a series of inflation-busting interest rate hikes that dragged the country into recession but won the fight against pricing pressures and spurred a powerful economic recovery. Powell, the central bank chief since 2018, is likely to detail a set of measures aimed at pushing inflation higher amid a coronavirus pandemic that has dragged the U.S. economy into one of its darkest hours.

While the average consumer might find it absurd to want to raise the cost of living, central bankers and economists see too little inflation also as a problem. It often reflects a slow-moving economy with a low standard of living. On top of that, the accompanying low interest rates give policymakers little wiggle room when crises happen and there’s a need to loosen policy. That’s why Powell, who will speak Thursday during a virtual version of the Fed’s annual Jackson Hole, Wyoming, conference, will outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level. The speech is titled “Monetary Policy Framework Review” and wraps up a yearlong examination both among central bank officials and with the public, during a series of open events, on what policy should look like in the future.

“The expectations are pretty high to get something meaningful on Thursday,” said Tom Graff, head of fixed income at Brown Advisory. “This is probably a historic speech.” One phrase Powell is likely to use is “average inflation” targeting. Simply, it means that the Fed, which has pegged 2% as a healthy level, will let inflation run higher than that for a while if it has spent a considerable time beneath that level. The Fed’s preferred inflation gauge has stayed below that level for all but two years since the Great Recession ended in mid-2009. It’s a mirror-image reversal of Volcker’s inflation-busting and sets the stage for a pivotal policy move.

“In the 1980s, energy companies made up as much as a quarter of the Dow. After Exxon’s exits on Monday, energy will account for just 2% of the index.”

• Exxon Mobil Dropped From The Dow After Nearly A Century (CBS)

Exxon Mobil, which joined the Dow Jones Industrial Average in 1928, is being removed from the blue-chip stock market index. Its replacement: enterprise software company Salesforce.com. Also leaving the index are drug company Pfizer and airplane and defense contractor Raytheon Technologies. They are being replaced by biotech Amgen and manufacturing conglomerate Honeywell. S&P Dow Jones Indices, the company that administers the index, announced the changes, which will take place August 31, on Monday. The index provider said the changes were necessary to make up for Apple’s impending stock split, which becomes effective the same day.

The Dow Jones is a stock-price-weighed index. Apple’s stock split, which will take the company’s shares to roughly $120, from $500, would have cut the Dow’s exposure to the technology sector. Monday’s changes would also help the Dow “add new types of businesses that better reflect the American economy,” the index company said. Energy giant Exxon Mobil joined the Dow 92 years ago as Standard Oil of New Jersey, and it’s the oldest member of the index. The Dow’s last original member, General Electric, was removed in 2018. Exxon Mobil was the most valuable company in the United States for much of the early 2000s and as recently as 2011, when it hit a market value of just over $400 billion. Apple overtook Exxon in 2012, and much of the technology sector followed.

Earlier this month, Apple’s market value topped $2 trillion, making it the first U.S. company to reach that milestone. Meanwhile, Exxon’s market value has sunk to $175 billion. The company has been plagued in part by claims that it deliberately concealed the damage that the oil it has long extracted and refined into gasoline was doing to the planet. [..] In the 1980s, energy companies made up as much as a quarter of the Dow. After Exxon’s exits on Monday, energy will account for just 2% of the index.

A loss of 40% in 5 years. Wow.

• 1 In 3 Cars Worldwide Is Produced In China (ZH)

Almost one in three – or 32 percent – of all cars produced worldwide in 2019 came out of China. As shown in numbers by the automobile manufacturers’ association OICA, the world manufactures less cars than it did in 2014, but, as Statista’s Katharina Buchholz notes, several Asian markets actually were able to grow their production volumes. India exhibited one of the biggest increases – almost 15 percent in five years to 3.6 million cars annually.

The biggest decrease in production hit the ailing U.S. car industry, which lost 40 percent of its domestic production between 2014 and 2019. Germany also make less cars at home, but German manufacturers like Volkswagen are a part of the rising Chinese production. In 2019, the Chinese market accounted for around 39 percent of Volkswagen’s total sales. Shifting production sites are only one aspect of the internationalization of the car industry. Know-how also migrates with production [..]

Erdogan has ever less to lose. His popularity at home is decreasing fast, with the lira in the gutter. Greece’s friends better start raising their voices.

• Greece, Turkey Heading For New Crisis (K.)

Just when it seemed that Greece and Turkey were entering a phase of de-escalation, the two countries appeared on Monday to be heading for another crisis in the Eastern Mediterranean. The decision by Ankara for an extension of the duration of exploratory activities by the Oruc Reis survey vessel in areas within the Greek continental shelf prompted a response by Athens with Tuesday’s aeronautical exercise that begins on Tuesday at dawn over a large area from the south of Kassos to the south of Kastellorizo. The exercise will take place in areas included in the navigational advisory, or Navtex, issued by Turkey for the Oruc Reis within the Greek continental shelf. The exercise will last until Thursday night.

Turkey’s move to extend the activities of the Oruc Reis essentially raises obstacles to the German mediation effort which continues on Tuesday with visits to both Athens and Ankara by German Foreign Minister Heiko Maas. Meanwhile, tensions were further augmented on Monday night by Turkish President Recep Tayyip Erdogan, who issued direct war threats against Greece, which he said is being “deceived” by other countries into pursuing the course of action it is taking. “When an issue arises in the future, then these forces will disappear and Greece will be left alone,” he said, adding that “from now on, Greece will be responsible for all conflicts in the region and it will be at a disadvantage.” He also described the aeronautical exercise announced by Athens as “useless” and dangerous for navigation.

Shortly before Erdogan’s remarks, Ankara announced new exercises off southern Crete for Tuesday morning, in an area several miles south of the prefecture of Lassithi. The area is located approximately on the borders described in the Turkey-Libya maritime borders memorandum. At the same time, Athens is building a network of important military collaborations, as joint exercises are also expected with French Rafale jets based in Cyprus.

Conflicting stories about the violence. Kenosha was a hellhole again last night. At some point, Trump will have to act. And that’s what the Dems are hoping for.

• Biblical Travails (Jim Kunstler)

Could the country even stand another full-on political convention after the Democrats’ nauseating extravaganza last week? The nation is so marinated in agitprop, disinfo, and straight-up mendacity that all the intelligence has been leached out of population, perhaps even the will to live. A Republican convention complete with the usual showboating might deplete the remaining oxycontin supply across the land as unemployed millions, mulling over rents overdue and unmet car payments, resort to vodka, Xanax, cough syrup, and airplane glue to quell the pain induced by unbridled political bullshit. As BLM might put it: “Know whum sayin’?

Speaking of BLM, Sunday one Jacob Blake, 29, was apparently shot in the back by police in Kenosha, Wisconsin, while getting into a car. The incident inspired a night of BLM rioting and looting in downtown Kenosha, with excellent prospects for violence to spread to other cities. Mr. Blake was hospitalized and survives, so far. He was not complying with police instructions in the process of his arrest. He had been previously arrested in 2015 and charged with brandishing a gun in a barroom. Upon his arrest then, the gun was found on the floor of his car. In the latest incident, Kenosha police were responding to a domestic abuse complaint. There was an active warrant out on Mr. Blake.

Also over the weekend, police in Lafayette, Louisiana, shot and killed 31-year-old Trayford Pellerin outside a convenience store he was entering while brandishing a knife. They had followed him from another convenience store in the vicinity where he “created a disturbance with a knife.” Mr. Pellerin apparently refused to comply with police orders to get on the ground. Ben Crump, a civil rights lawyer hired to represent the Pellerin family during the investigation into the shooting, said, “His family believes that he was suffering a mental illness crisis and what he needed was a helping hand. But what he got was what looks like 11 bullets.” His mother told the Associated Press that Mr. Pellerin had sought therapy for social anxiety.

A line used so much people have become immune to it.

• UN World Food Program Seeks To Prevent ‘Famine Of Biblical Proportions’ (ZH)

While virus cases and deaths dominate headlines, other humanitarian crises also need attention, that is, an emerging “famine of biblical proportions” that threatens much of the world, United Nations World Food Program (WFP) Director David Beasley told TASS News last weekend in an interview. Beasley said the WFP is requesting $5 billion in emergency funds within the next six months that will help in the effort to thwart a global famine. “All the data we have, including WFP’s forecast of an 80% increase in the number of food-insecure people – from 140 million before the pandemic to 270 million by the end of this year – points to a real catastrophe, a famine of biblical proportions, “he said.

The dramatic rise in the number of people who don’t have the means to feed themselves because of depressionary unemployment, supply chain breakdowns, and crop failures is set to cause long-term economic damage that could prevent a vibrant economic recovery. Beasley said, “it is clear that social tensions will escalate, migration will increase, conflicts will expand, and hunger can affect those who have not experienced it before.” Even in the US, a developed world economy, tens of millions of folks have gone hungry, now relying on government aid and food banks for survival. He noted that countries in the 2008 financial crash with a “stronger social protection system” were less impacted by famine.

WFP projections show significant increases in malnourished people in Latin America, countries in Eastern and Central Asia, and Sub-Saharan Africa, had a doubling of the number of people going hungry in a short period. “World hunger is already sky-high, and if we do not act immediately, many will die, children will suffer the consequences of malnutrition for many years to come, and the whole world will be thrown back, having lost all the gains in the fight against hunger of the last decade. Will be incredibly high, we need to act quickly and wisely, balancing immediate relief and long-term recovery,” Beasley said. He added: “WFP’s mission is to provide food to 138 million people in 2020, the largest humanitarian operation in history. And this unprecedented crisis requires an incredible amount of money.”

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A Society of Emasculated Liars

Aug 242020

August 24, 2020 Posted by Raúl Ilargi Meijer at 1:08 pm Finance Tagged with: coronavirus, Covid19, Cuomo, facemasks, lies, lockdowns, Trump 21 Responses »

Edward Hopper Tables for ladies 1930

Haven’t heard from Dr. D in a while, other than in the Comments section here at the Automatic Earth. Where I stopped reading his comments after the umpteenth time he said the COVID fatality rate was only 0.000001%. I find that only repetitious, annoying and more importantly, entirely irrelevant.

But of course over the past 8 months, since I first started to address the virus problem, many things have changed. We have a ton more information on the disease, even if we still don’t appear to know much about it. But one thing we still do know: there is not a government on the planet that has a mandate to kill off its own citizens. And so measures will continue to be taken, no matter how misguided they may be, as long as the virus spreads and people die.

For the media, or what’s left of them by now, COVID is identical to a presidential election: an opportunity to generate clickbait dollars. The priority is not to get the most relevant information to readers and viewers in the best possible way, it’s to present things in those ways that cause the most scandal and anger, because that is what sells.

More specifically about Dr. D’s article below: It’s absurd to claim that Andrew Cuomo killed 20,000 people, just like it’s insane to claim Trump killed 170,000, something I nevertheless read multiple times every single day. What’s neither absurd nor insane is to acknowledge that the US health care system is a giant black hole where money goes in and very little returns. But neither man built that system, it was a society-wide effort.

Fix that and you won’t have to rely on politicians to deal with matters they don’t know the first thing about. “But we listen to the scientists”, they all say. That doesn’t help if you don’t know which scientists to listen to, and to find that out you need to know more about the topic. Catch 22.

There are many many things wrong with both Trump and Cuomo, but in the end they merely epitomize the American political system as a whole, just like their COVID-related actions epitomize the failures of the health care system. Neither system was at all prepared for a pandemic, despite decades of warnings that it would come at some point.

Nor is this just an American problem. European countries, though they often have very differently structured health care systems, were caught just as unawares and unprepared. And you can think and hope that this won’t happen again, that they all will have their blueprints ready for the next one, but I wouldn’t be so sure. There’s not enough money, or power, to be gained from such things.

And no, lockdowns and face masks are not in and of themselves useless or oppressive, but you always need to weigh when to use them, and when not to. And since nobody seems to know that either, we most often see them used for all the wrong reasons and at all the wrong places.And yes, that does get to be oppressive.

But none of this is a reason for me not to let Dr. D speak.

Dr. D: NY’s Governor Andrew Cuomo bans dancing. When are we going to realize they are the lemon-sucking church ladies? He does this AFTER he killed 20,000 people, AFTER the ICUs are long empty, AFTER there are no deaths in NY at all. They’re already intentionally killed 20,000 elderly citizens with their ‘helping’ in a nod to the old eugenics programs. Isn’t that enough?

They always said, growing up, “How could Germany happen?” Didn’t seem that hard to understand to me: men are men. We are not immune. But here watching such madness universally lauded as the best outcome, an example to all, is certainly not what I most expected.

So…crime up 400% in NYC, muggers are beating police and murdering people in the streets. Since this is generally a response to the lockdowns, it won’t be a minute until the bad economy kills more people and ruins more lives than the virus. …Like I said. But beyond that, it has ruined more lives by actually removing all fun, all humor, all discussion, all discovery, all ‘humanity’ from society toward each other. Mask-Nazis are beating fellow shoppers for non-compliance. In what seems to be a competition to show that they don’t believe either in Covid, or in masks at all. If a guy was a leper, would you run up and jump on him to hang his bells on? Clearly they do not believe – in any way – that this is real. That this is dangerous. They just are ze rules. And ze rules are ze rules. Papers please, citizen. Except when it’s US, we’re the good people and we ourselves don’t follow ze rules…you understand. Astonishing.

Even if it were dangerous, wouldn’t there be a human approach to this: Oh do you have a condition? Did you forget? Did you know our policy? Can I help you? In my experience so far, the PoA, Person of Authority, comes up with their mask below their nose, gets 2 feet away, then proceeds to order you about while having not the faintest idea what the actual law – that is, non-law, never passed, doesn’t exist — policy, is. Then I have to quote their policy TO them, they having never even THOUGHT to read it themselves, while they protest ignorance of the law…to me. Ain’t rocket science folks. I’m only literate and can read the little black lines. Their city, state, corporation posted it publicly. Not genius level.

The compliant and fully participating people, quaran-teaming, staying home, wearing masks, also then have people over if it’s their mother/brother/friend…who is then in their own quarantine…which you just broke completely…with not the slightest self-awareness of science, while spending time complaining about “stupid red people who won’t wear masks”…while the parties doing the complaining are themselves medical professionals and the medically compromised. If it’s “us” it’s not dangerous, the ‘Rona is our god, the ‘Rona can tell. …Oh wait: just like I said. Any quarantine will be quarantine theater, and the worst of all worlds.

We’ll BOTH destroy the economy – by which I mean the jobs and dreams of all who work, leaving the traders, insiders and oligarchs stronger than ever – AND have no reduction in transmission. Which exactly happened. Killing TWICE as many, because of YOUR choices, not the virus at all, which has killed hardly anyone not on death’s door, and still counting. But that’s okay: we saw the same “camera off, mask off” behavior by Birx, Fauci, and every reporter at the White House. Again, they don’t believe a word. Because again, if this was a Black Plague, coughing up blood with a black neck, they wouldn’t act this way.

This is what happens when you tell lies, especially universal lies: your brain takes it in, it can follow, but your heart and body know better and stand aside. They are not “integrated.” Which means you are a person lacking “integrity.” Worse, when everything is a lie, soon you stop even examining data as it arrives, putting it in its proper place (e.g. that Covid CAN hurt you, but the numbers are different) and resisting or pushing back on the lies, so that there is a) open discussion and b) logical, practical, worked-out agreement on size, scale, and approach. Universal lies here lead to universal obedience despite all science, math, statistics, and personal experience, as we see; but also universal disobedience, yes as we see that some resist, but most just don’t follow the rules and claim they are, then justify themselves while attacking the “other” on the thinnest pretenses, the worst of both worlds.

Just like the lemon-sucking church ladies. “There but for the grace of God go I.”

Well, it’s a good thing masks don’t work against viruses at all, or I’d be annoyed about this stuff. As it is, it’s simply compliance theatre, and having a lifetime of that already, I have a wealth of experience in how to navigate our oppressive, hypocritical, insane, unscientific, and self-defeating our culture, which will spare no expense to use a helicopter to track you down in the Outback, in the most solitary outreaches, and demand irrational compliance to a law that was never passed and doesn’t exist. Every day. With every person. Because of the lies no one will address, and the self-evident right and order no one will remedy. Like Assange.

But don’t worry, with our world-wide slave markets, human trafficking, organ harvesting, family-killing, property-destroying, mis-reporting, slanderous, self-serving ways, we’re everso much more enlightened than 1950, before the civil rights they trot out all day, having done not a single other Good Thing™ they can point to in the last 50 years. They also are now all so young, they mis-remember everything it actually was, and just invent, make up, fabricate, whatever-they-want-it-to-be. Reality-as-democracy, the mob, the majority, decide what’s reality, and then it is so! Reviving MLK’s peace torches and peace bricks, I’m sure. The Southern Democrats manning the front lines for Integrated schools against evil Republican Governors from Ohio, while openly communist JFK joined hands with Khrushchev and re-distributed property and set up social justice re-education camps, just like Bernie’s organizers said. I mean, that’s how I remember it, right?

This is where lies get you. This is why people warn not to use them, you know, right before they use them on you. It’s because “People who can get you to believe absurdities, can get you to commit atrocities.” As we see very clearly today. This is the one motto of Cuomo and the rest: We must never, ever, leave people alone. To their own actions and their own consequences. Their own discovery. Their own lives. The only ways are my ways. The only opinions are my opinions. The One True Party UniOpinion™. Submit or die.

“When people are forced to remain silent when they are being told the most obvious lies, or even worse when they are forced to repeat the lies themselves, they lose once and for all their sense of probity. To assent to obvious lies is…in some small way to become evil oneself. One’s standing to resist anything is thus eroded, and even destroyed. A society of emasculated liars is easy to control.”
– Dalrymple

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Debt Rattle August 24 2020

Aug 242020

August 24, 2020 Posted by Raúl Ilargi Meijer at 9:57 am Finance Tagged with: Athens, BRI, China, convalescent plasma, coronavirus, corporate Dems, Covid19, FBI, Rahm Emanuel, renminbi, USD, vaccine 20 Responses »

Henri Cartier Bresson Salamanca, Spain 1963

• Trump Announces Emergency Authorization For Convalescent Plasma (JTN)

• 97,000 People Got Convalescent Plasma. Who Knows if It Works? (Wired)

• China Has Given Potential Coronavirus Vaccine To Key Workers Since July (G.)

• Graham: FBI Docs Show ‘Double Standard’ For Clinton And Trump Campaigns (Fox)

• This Will Be The Year Of The Biden Republican – Rahm Emanuel (CNBC)

• Corporate Dems Want You To Shut Up While They Get Loud (Sirota)

• The Silence Of Joe Biden And The Dems On The Violence In The Cities (Kass)

• Don’t Discount the Dollar Yet (FP)

• China’s Mysterious Dollar Dealings (OMFIF)

• Las Vegas Housing Market ‘On Fire’ As Economy Limps Along (LVRJ)

• Summer In The Ailing City: The Purpose Is Life (Maglinis)

Kellyanne Conway leaves 2 months before the election, US cities are still on fire, using convalescent plasma becomes legal, Rahm Emanuel is dug up from whatever hole he was in, and the FBI failed to inform the Trump team about foreign interference in their campaign. In other words, normal weekend. Maybe it was the last one for a while.

Weekend numbers don’t mean much.

Squirrel

One of my personal heroes pic.twitter.com/ucPSrGYBAj

— Gabe Hudson (@gabehudson) August 22, 2020

Why make this such a big deal? Can’t the doctors just do it?

• Trump Announces Emergency Authorization For Convalescent Plasma (JTN)

President Trump at a Sunday evening press conference announced an emergency authorization of convalescent plasma amid the ongoing battle against the COVID-19 pandemic. “The FDA has issued an emergency use authorization … for a treatment known as convalescent plasma. This is a powerful therapy that transfuses very, very strong antibodies from the blood of recovered patients to help treat patients battling a current infection,” Trump said. “It’s had an incredible rate of success. Today’s action will dramatically expand access to this treatment,” the president said. White House Press Secretary Kayleigh McEnany on Saturday night had tweeted the the president would hold a Sunday event “concerning a major therapeutic breakthrough on the China Virus.”

From well before Trump’s announcement.

“The distribution system got approved and built; the trial protocols did not. They never began.”

• 97,000 People Got Convalescent Plasma. Who Knows if It Works? (Wired)

As of Monday, August 17, a nationwide program to treat Covid-19 patients with a fluid made from the blood of people who’d recovered from the disease—so-called convalescent plasma—had reached 97,319 patients. That’s a huge number of people, considering that nobody really knows whether convalescent plasma actually works against Covid-19. A spontaneously generated, self-assembling group of clinicians and cross-disciplinary researchers that built the nationwide program to ensure “expanded access” to convalescent plasma also created protocols for randomized, controlled trials, the gold standard for evidence in science.

They hoped to test plasma’s ability to prevent disease after exposure, its capacity to treat Covid-19—and what Michael Joyner, an exercise physiologist at the Mayo Clinic who was instrumental in setting up the expanded-access network, called a “Hail Mary” protocol to try to help people who are severely ill, on ventilators. The distribution system got approved and built; the trial protocols did not. They never began. There are plenty of reasons to think plasma might help fight Covid-19. Physicians have used it for more than a century; it’s made by taking blood from people who’ve recovered from a disease and spinning it in a centrifuge down to a frothy, yellow liquid that contains the sum total of the donor’s immune response—molecules that attack all invading germs, and some that specifically target all the individual pathogens the donor has ever encountered.

But actual rigorous trials of the stuff are rare. Dozens of randomized, controlled clinical trials are underway—tests that systematically compare the same kinds of people at similar stages of the disease who get convalescent plasma to those who don’t. Even without that rigor, this year tens of thousands of people received plasma for Covid-19. It played out as a one-on-one decision between physicians and patients, not a population-scale experiment designed to elicit knowledge about its efficacy. A preprint from the expanded-access group, not yet peer-reviewed, recounts the outcomes of more than 35,000 of these recipients at hundreds of hospitals. It retroactively splits that population into groups based on when in their illness they got plasma, or how laden the plasma was with the antibodies that actually do the disease-fighting.

Let Big Pharma chime in.

• China Has Given Potential Coronavirus Vaccine To Key Workers Since July (G.)

The Chinese government has been administering a coronavirus vaccine candidate to selected groups of key workers since July, a senior health official has said. Zheng Zhongei, the head of the National Health Commission’s science and technology centre, told state media organisation CCTV on Sunday the government had authorised “emergency use” of a Sars-Cov-2 vaccine for workers including health workers and border officials. The country has gone seven days without reporting a locally transmitted case, and border workers are considered to be in a high-risk category, said Zheng, who leads the vaccination development taskforce.

It appears to be the first confirmation of vaccine use by China outside clinical trials. There were no details on which particular vaccine candidate was used or how many people received it, but Zheng said it had been administered in line with the law, under powers that allow limited use of the unapproved vaccines during serious public health events. “We’ve drawn up a series of plan packages, including medical consent forms, side-effect monitoring plans, rescuing plans, compensation plans, to make sure the emergency use is well regulated and monitored,” Zheng said, adding that they planned to “scale up” the testing to other groups before autumn and winter.

[..] In June the Chinese government called for volunteers among employees of state-owned companies who travel overseas frequently, to test two vaccines. State-owned China National Biotec Group (CNBG) has since been approved to start human testing of its vaccine in the United Arab Emirates, Bahrain, Peru, Morocco and Argentina, and the company said about 20,000 people were taking part in the overseas trials. SinoVac and CanSino Biologics are also conducting overseas trials in Russia, Indonesia, and Brazil. Last week a planeload of Chinese mine workers was refused entry to Papua New Guinea, over government concerns about an apparent vaccination trial.

We know where the FBI stands.

• Graham: FBI Docs Show ‘Double Standard’ For Clinton And Trump Campaigns (Fox)

Following the release of recently declassified documents, Senate Judiciary Chairman Lindsey Graham, R-S.C., says he believes the FBI showed a double standard in its investigations into reports of foreign interference at the campaigns of Hillary Clinton and now-President Trump in the lead-up to the 2016 presidential election. Calling it “the ultimate double standard,” Graham said that the documents reveal that leaders at the FBI sought to give the Clinton campaign a defensive briefing before it could pursue a FISA warrant related reports that a Clinton operative was connected to foreign government. “The FBI finds out about a plot by a foreign government to lobby her campaign and funnel millions of dollars into the Clinton campaign illegally,” Graham said on Fox News’ “Sunday Morning Futures.” “

They want a FISA warrant against a Clinton operative who is connected to the foreign government. What happens? The FBI seventh floor says we’re not going to let you get a warrant. And to you defensively, brief the Clinton campaign.” But instead of doing the same for the Trump campaign, the FBI opened the Crossfire Hurricane operation and pursued a number of FISA warrants against people working with Trump’s campaign. While Graham would not reveal which foreign government wanted to assist Clinton in getting elected, he said that FBI leadership shot down a request for a FISA warrant until Clinton was briefed on the matter. “They never did to Trump,” Graham said. “As a matter of fact, not only did they not tell Trump, they used a generic briefing to spy on Trump.”

“The FBI did the right thing by briefing Clinton and failed to do the right thing by never specifically briefing President Trump about their concerns,” Graham said in a statement released earlier on Sunday. Earlier this month, Senate Homeland Security Committee Chairman Ron Johnson, R-Wis., issued a subpoenaed to the FBI and Director Christopher Wray as part of its broad review into the origins of the Russia investigation. The subpoena, obtained by Fox News, demands that he produce “all records related to the Crossfire Hurricane investigation.”

If Rahm Emanuel speaks for you, you know you’re in trouble.

• This Will Be The Year Of The Biden Republican – Rahm Emanuel (CNBC)

Democratic presidential nominee Joe Biden has a chance to replicate an election strategy that helped elect Republican icon Ronald Reagan to the White House almost four decades ago, longtime Democratic politician Rahm Emanuel told CNBC on Friday. Emanuel, appearing on “Closing Bell,” said he believes that the former vice president can win over disaffected Republicans with a platform that has moderate language to get behind. “This will be the year of the Biden Republican,” said Emanuel, citing the appearances of John Kasich, former governor of Ohio, Colin Powell, secretary of State under President George W. Bush, and Cindy McCain, widow of Sen. John McCain, among other GOP members at the Democratic National Convention this week.

“Joe Biden will be a president we will all be proud to salute,” Powell said in his message. “With Joe Biden in the White House, you will never doubt that he will stand with our friends and stand up to our adversaries — never the other way around.” Emanuel likened Republican voters mobilized against President Donald Trump to “Reagan Democrats,” the White, traditional blue-collar voters who crossed party lines to help elect Reagan to two terms as president. Reagan defeated then-Democratic incumbent Jimmy Carter in a landslide. The California Republican carried 44 out of 50 states in the 1980 contest and 49 states in the 1984 race.

Democrats must not only attract Republican voters who want to put Trump out of office at the end of his first term, but retain those voters under the party’s big tent, said Emanuel, who served as White House chief of staff under former President Barack Obama. He made the same case in a Wall Street Journal opinion piece Saturday, saying that suburban voters in areas of Arizona, North Carolina and Pennsylvania, battleground states that Trump won in 2016, can be flipped. The lack of support for a “Green New Deal” and “Medicare for All” in the Democratic platform helps the party balance between the desires of the moderate and more progressive members, Emanuel said on CNBC.

With a broad coalition of support that stretches from four-star generals to Black Lives Matter supporters, Biden can leverage his decades of governing experience in Washington to “culturally move them into a comfort zone,” he said. “My view is you don’t want this to be a transactional election,” the former Chicago mayor said. “You want this to be the opportunity of a transformational election.”

.@JaymalGreen launches on Rahm Emanuel on #msnbc. #Chicago pic.twitter.com/UzLOx5zDSE

— Trope o. Phobe (@Tropophobe) February 11, 2017

Maybe Sirota can get a speaking slot at the RNC.

• Corporate Dems Want You To Shut Up While They Get Loud (Sirota)

No doubt, you have been told to keep quiet. Just put on your big boy pants, they say, and find the impulse control to at least muzzle yourself for the next 72 days until the election happens. After that, fine — then and only then will you maybe be permitted to speak your mind and politely ask the Democratic Party to match its rhetoric with its policy agenda. But until then, you are told to ‘“shut the hell up and grow up,” as former Obama and Mike Bloomberg pollster Cornell Belcher put it during an emblematic MSNBC segment berating progressives. This kind of hectoring has become a defining part of the Democratic Party’s culture. As the late great journalist Bill Greider lamented:

“The way the Democratic Party is run for quite a number of presidential cycles is they pick a nominee in a kind of half-assed process that doesn’t really represent much of anybody and then they tell everybody to just shut up — don’t bring up anything that will complicate life for your nominee… shut up, turn off your brains.” There’s a superficial logic to this call for omerta — after all, Donald Trump is destroying everything and he must be defeated. But here’s the problem: The demand to shut up is only being aimed at the progressive base of the party, while the corporate wing floods the zone with rhetoric that could demobilize voters.

Indeed, at the very moment many good progressives are blunting their criticism and making clear that defeating Trump is of utmost importance, Corporate Democrats aren’t being asked to wait or hold their tongues. In fact, they are doing the opposite: Rahm Emanuel — who has been advising Biden — just went on television to show that the corporate wing of the party is intent on using the stretch run of the Most Important Election Of Our Lifetime™ not to doggedly focus on actually winning the election, but to instead try to predetermine post-election policy outcomes. Emanuel and his ilk depict themselves as evincing a non-ideological “just win, baby” attitude. But they are most decidedly pushing a very clear corporate ideology — and they are doing so in dangerously divisive ways that could depress the big turnout that’s desperately needed to defeat Trump.

It was another violent weekend in the cities. How much longer? And how did this ever become normal?

• The Silence Of Joe Biden And The Dems On The Violence In The Cities (Kass)

Joe Biden, the smiling figurehead who Democrats have nominated for president, closed his party’s virtual convention with a speech that proved two things about him. The man can still ably deliver a well-written speech. And he still has great message discipline. Because he did what the other Democrats did over their four-day infomercial, make constant references to their own virtue and empathy, while portraying President Donald Trump as evil incarnate, a dark lord without virtue and without an empathetic bone in his body. But through all that talk, Biden and the Democrats avoided saying anything about what many Americans are talking about now: The violence, political and otherwise, plaguing American big cities run by liberal Democratic mayors.

The entire country sees the spiking street crime, the 50% increase in murders in some cities, looting in the downtowns, those news videos of people being pulled out of their cars and beaten, knocked out on the sidewalk, and cops pummeled in violent political confrontations. Biden was silent about all that. I wish he hadn’t been. But he was. In his speech, Biden offered a thorough condemnation of Trump, and this memorable line. “My father taught us that silence was complicity,” Biden said. You’ve probably also heard the slogan “silence equals violence.” But my barber, Raffaele Raia, born in Naples, puts it this way: “Chi tace acconsente. He who is silent says ‘yes’. The silence is the consent.”

Many protests have been peaceful. But many have not been. A cop getting his head thumped by a protester using a skateboard as a club isn’t a victim of a peaceful protest. The protests are no longer about the Minneapolis police killing of George Floyd. They’re also not about virtue or empathy. Yet in the midst of this, Americans are encouraged to apply virtue to politics. But searching for virtue in politicians is childlike, like believing in fairy tales, pixies, or like hoping to find a purple unicorn who’ll be your friend forever. Yet rather than search for virtuous purple unicorns, you might consider the words of Bostonian Henry Adams in “The Education of Henry Adams”: “Chaos was the law of nature; Order was the dream of man. Practical politics consists of ignoring facts. Politics, as a practice, whatever its professions, had always been the systematic organization of hatreds.”

[..] Biden and national Democrats can’t acknowledge any of it. They’re desperate to avoid it. They have nothing to say to it. And the conflict inside their party rages on, out on the streets, where America can see it. Trump will roll down that law-and-order road at the Republican virtual convention. He’s a politician, now, too. That’s what politicians do. Like wolves, they take advantage of weakness. But Trump didn’t pave that road he’s on. Biden and the national Democratic Party paved it for him, with silence that is consent.

“..any market for Chinese yuan consistent with a role as a global reserve currency would need to exist outside of mainland China.”

• Don’t Discount the Dollar Yet (FP)

If some stories are easier to tell than others, the decline of the U.S. dollar as a reserve currency is one of them. It’s not hard to see why. The cast of characters that avail themselves for the script includes international trade, financial architecture, great-power competition, cycles of history, and even parables from ancient Greece.And on cue, the headlines are again churning out new versions of the familiar fable. New plot lines include the economic fallout of a global pandemic as well as a “capital war” between the United States and China, in which Washington usurps Beijing’s traditionally lonely role as the imposer of the restrictions on how capital can move between their two countries, frightening global investors, who then forsake the fallen dollar. Taken at face value, the headlines suggest that the dollar’s long-awaited dethroning may be here at last.

But the economic forces that thwarted any demise of the dollar in the past persist. They continue to render any end to the dollar’s reserve status today unlikely. In fact, there is a new player keeping it on its throne: the Chinese Communist Party. It’s the latest arrival to the motley crew of conspirators serving, unwittingly, to prevent the currency from leaving its seat. The dollar can’t be displaced with nothing, and mainland China’s currency, the yuan, was once the most-viable something. Global banks planned for it to “inevitably” replace the dollar. Economists speculated about the timing. The country’s growing economy, after all, is the world’s second largest. And Beijing is keen to take steps intended to promote its currency’s use in international trade. Officials in the world’s third-largest economy, the European Union, may voice similar intentions.

But Beijing is not dealing in the currency of a monetary union that, according to research at its own central bank, maybe shouldn’t even exist. “Overall economic structures in euro area countries,” economists at the European Central Bank concluded in 2019, “are still not fully commensurate with the requirements of a monetary union.” Nonetheless, Beijing’s recent actions have eviscerated the yuan’s prospects as a real reserve currency. For a currency to function as an international reserve, global businesses need safe places to put it when it’s not in use. After all, no one wants to sell stuff in exchange for money they’d struggle to safely store. Without safe storage options, like easy-to-access banks or at least low-risk bonds, a currency can become a costly thing with which to do business.

The most natural home for these safe assets denominated in mainland China’s currency would be mainland China. But Beijing imposes capital controls on flows of money in and out of the mainland. These capital controls stymie the development of liquid, globally accessible capital markets that can offer safe assets. Hence any market for Chinese yuan consistent with a role as a global reserve currency would need to exist outside of mainland China.

Not sure what the mystery is. The bottom line, no matter where it turns, is China is stuck until it liberates its currency.

• China’s Mysterious Dollar Dealings (OMFIF)

Considering China’s tensions with the US, Chinese authorities’ and banks’ dollar business is somewhat puzzling. China’s US Treasury holdings decreased to $1.07tn at end-2019, from $1.112tn in mid-2019. Chinese-owned banks globally reduced their reliance on dollar funding by $42.5bn. Since then, China’s holdings of US treasuries have risen to $1.084tn as of May, and banks’ dollar funding climbed $40.7bn in this year’s first quarter. This represents a swing of $80bn, around 8% of Chinese banks’ total cross-border funding. This is particularly surprising as global liquidity, and especially dollar liquidity, started drying up in March in view of the virus-induced global downturn. By the end of Q1, Chinese banks had extended $1.4tn in cross-border loans, two-thirds of total their overseas assets.

Dollar funding amounted to $1tn, half of total liabilities. This represents a funding gap of $400bn. While this might lead to a liquidity crunch, similar to European and Japanese banks, it was deemed manageable thanks to ample official dollar reserves. These could be made available to Chinese banks. Chinese banks’ cross-border dollar business is minor compared to their $40tn in total assets. Hence, the impact on the Chinese economy would be smaller than in the home countries of other global banks, according to the IMF. Deposits are the steadiest source of dollar funding, but are not readily available to Chinese banks. The central banks of China, Russia and Turkey are not covered by the Federal Reserve’s swap facilities. Foreign banks’ US subsidiaries can access the Fed Funds market, but Chinese banks do not appear to have tapped into it.

Their main source of dollar funding is offshore financing, as confirmed by the Bank for International Settlements. Financing is available through a number of channels, mostly interbank borrowing, as well as securitised debt. There are two enigmas regarding China’s dollar business. The first is Chinese banks’ continued purchases of US treasuries and dollar lending and funding. The second is why these banks are seeking to become a major intermediary for dollar financing to emerging market economies through the Belt and Road initiative, to the tune of $600bn by end-2019. At the same time, they have funded themselves in dollars, mostly in offshore centres. The BRI was expected to facilitate renminbi financing, boosting renminbi internationalisation.

Financing for the BRI is granted mainly through domestic lending to Chinese companies involved in BRI projects. Major Chinese banks’ head offices, as well as their Hong Kong branches, offer direct cross-border financing to recipient countries. According to their annual reports, the four main banks (including two policy banks) have extended $150bn each in loans. This lending has not been securitised and stays on the bank’s balance sheet, contrary to the global trend. This prevents foreign investors from buying into BRI projects, even though they were expected to contribute more funding in the initiative’s second phase. What remains are emerging economy dollar-denominated liabilities to Chinese lenders, which will come under scrutiny if countries seek IMF support. Chinese bankers say their emerging economy clients prefer dollar loans. If they provided loans in renminbi, recipients would change them into dollars to enhance fungibility.

Reads like an advertorial.

• Las Vegas Housing Market ‘On Fire’ As Economy Limps Along (LVRJ)

With a baby on the way, a strong credit score and money saved up, Veronica Markowsky figured it was time to buy a house. So the 35-year-old renter recently joined a herd of homebuyers in Southern Nevada and signed papers for a soon-to-be-built house — all while the coronavirus pandemic wreaks havoc on the economy and her Las Vegas bridal shop business. It’s probably not the best time to buy a place, Markowsky said, but she had her reasons. “What’s the worst that can happen?” she said. Las Vegas’ tourism-dependent economy has been devastated by the coronavirus outbreak. But the valley’s housing market, which initially was hit hard by the fallout from the crisis, has been accelerating lately with fast-rising sales and record prices.

The fervor has provided a surprising jolt of commerce in a bleak time. “I didn’t expect any of this kind of activity,” said Tom Blanchard, president of trade association Las Vegas Realtors. By all accounts, record-low mortgage rates — cheap money, essentially — are providing much of the fuel, as they let buyers lock in lower monthly payments. Amid the surge of demand, prices have climbed as the market’s low inventory of available homes further tightens. Southern Nevada has seen record job losses during the pandemic, with much of the pain falling on the service sector, where wages tend to be lower. Who is buying homes amid the turmoil? People who still have jobs, savings and other factors that let them qualify for a mortgage or buy with cash.

All told, the market has gained speed as buyers snap up homes from builders and on the resale market, with sellers fetching multiple bids. “It’s craziness,” Blanchard said. Las Vegas attorney Adam Breeden, who closed his purchase of a newly built house near the M Resort last month, listed his old house in May. He received three offers within three days, he recalled, including one at the full asking price. “I was shocked the market was the exact opposite I thought it would be,” he said.

Lovely dispatch from Athens.

• Summer In The Ailing City: The Purpose Is Life (Maglinis)

The feeling when you look out of the hospital window is that life is out there and it is passing you by indifferently, cold toward your small, insignificant drama. It is as if you have been immobilized in a static parallel universe. At the same time, this gradation of life (people out there, sunbathing on beaches and diving in cool seas and, on the other hand, those of us faced with the unpleasant condition of serious hospitalization – much more so when the person being treated is your child) in turn has its own, internal gradations: We do not all have the same fate, the same experience in the hospital. Some children will never be out of the hospital again.

Normally we should be thankful that, even though they are suffering, our child’s treatments are going well. And indeed you thank God and are thankful for your fate, but the cursed time in the hospital runs torturously slowly. So you look out there, you count the hours spent in the hospital, you count them like drops falling from the intravenous drip, you look at the sun-soaked courtyard of the clinic, the few people walking around, and you realize that even the lucky ones “out there” feel more vulnerable than ever.

But this may be the constant of the summer of 2020: In mid-August, the holiday season in Athens does not have the unguarded carelessness of other summers. Even in times of deep economic crisis, summer, August, was a refuge. Temporary maybe, but it still had something healing about it. This year, the pandemic – with the invisible, tiny enemy that knows no frontline or rear guard, that knows how to bypass obstacles and find forgotten half-open “back doors,” in the summer on the islands, on the crowded shores, even in the deserted city – looks like a well-orchestrated ambush.

But even in the age of imposed social abstinence and distance, “no man is an island,” as the English poet John Donne once wrote. “No man is an island entire of itself; every man is a piece of the continent, a part of the main.” Maybe because it binds us all to the simple truth that no one wants to be sick, no one wants to feel sick, no one wants to accept that they are powerless before nature, which is blind when it comes to your decay, entropy, extinction. No one wants to feel that, deep down, it is another insignificant part of the “whole process” of death and rebirth in nature. Who wants to feel like they are just a cog in a process of wear and tear and not a player in a longevity process?

Normally, every summer, we should all have the right to feel a little like kids again. This year we have no right to such a blessed parenthesis. Some for special reasons and all for the known ones. Another summer will come that will be healing and when we can feel like children again. Our only mission is to endure until another such summer, that will have a few moments of heavenly simplicity. The mask – or even the hospitalization – is just the pretext. The purpose is life .

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I’m not entirely sure what this means, but it looks nice.

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Debt Rattle August 23 2020

Aug 232020

August 23, 2020 Posted by Raúl Ilargi Meijer at 9:55 am Finance Tagged with: absentee ballots, Aldenberg, Biden, Bill Barr, Brennan, coronavirus, Covid19, defund, Durham, Navalny, Post Office, RT, sanctions, Syria 18 Responses »

Paul Cézanne Les (Grandes) Baigneuses 1905

• Send in the Clowns for the Circus Is in Town (Curtin)

• Biden Says Trump Seeks To ‘Defund The Police’ (Fox)

• House Passes $25 Billion Post Office Bailout As Trump Rages On Twitter (ZH)

• My Discussion With John Durham’s Lead Investigator, William Aldenberg (CT)

• John Brennan Was Put in a Completely Legitimate Perjury Trap (RS)

• 550,000 Primary Absentee Ballots Rejected In 2020, Far Outpacing 2016 (NPR)

• US Spies’ Obsession With RT Comes Full Circle In Senate Report (RT)

• Navalny Was Not Poisoned (MoA)

• US Sanctions Devastate Syria’s People And Post-War Reconstruction (Maté)

• The Real Huge Jobs Numbers Will Make Your Blood Run Cold (Snider)

• Governments Are Faking It, and Copying Each Other (AIER)

Global new cases and deaths remain stubbornly high. US new cases are trending down, wonderful, now bring down deaths numbers.

Lee Smith
https://twitter.com/i/status/1297350692357668865

The Society of the Spectacle.

• Send in the Clowns for the Circus Is in Town (Curtin)

Don’t bother, they’re here, already performing in the center ring under the big top owned and operated by The Umbrella People. Trump, Biden, Pence, Harris, and their clownish sidekicks, Pompeo, Michelle Obama, et al., are performing daily under the umbrella’s shadowy protection. For The Umbrella People run a three-ring circus, and although their clowns pop out of separate tiny cars and, acting like enemies, squirt each other with water hoses to the audience’s delight, raucous laughter, and serious attentiveness, they are all part of the same show, working for the same bosses. Sadly, many people think this circus is the real world and that the clowns are not allied pimps serving the interests of their masters, but are real enemies.

The Umbrella People are the moguls who own the showtime studios – some call them the secret government, the deep-state, or the power elite. They run a protection racket, so I like to use a term that emphasizes their method of making sure the sunlight of truth never gets to those huddled under their umbrella. They produce and direct the daily circus that is the American Spectacle, the movie that is meant to entertain and distract the audience from the side show that continues outside the big top, the place where millions of vulnerable people are abused and killed. And although the sideshow is the real main event, few pay attention since their eyes are fixed on the center ring were the spotlight directs their focus. The French writer Guy Debord called this The Society of the Spectacle.

For many months now, all eyes have been directed to the Covid-19 propaganda show with Fauci and Gates, and their mainstream corporate media mouthpieces, striking thunderbolts in the storm to scare the unknowing audience into submission so the transformation of the Great Global Reset, led by the World Economic Forum and the International Monetary Fund, can proceed smoothly. Now hearts are aflutter with excitement to see the war-loving Joe Biden boldly coming forth like Lazarus from the grave to announce his choice of a masked vice-presidential running mate who will echo his pronouncements. And the star of the big top, the softly coiffured reality television emcee Trump, around whom the spectacle swirls, elicits outraged responses as he plays the part of the comical bad guy. Punch and Judy indeed.

Defending the mass incarceration policies? You sure?

• Biden Says Trump Seeks To ‘Defund The Police’ (Fox)

President Trump is the one who wants to “defund the police,” Democratic presidential nominee Joe Biden asserted during an interview Friday. “I don’t want to defund police departments. I think they need more help, they need more assistance,” Biden told ABC News for a wide-ranging interview airing Sunday that also includes Biden’s running mate, U.S. Sen. Kamala Harris, D-Calif. Biden accused the president of proposing cuts to programs that support local police, in sharp contrast to the Republican incumbent’s campaign-trail rhetoric. Harris also stressed that voters should watch the president’s actions rather than listen to his words. “There is so much about what comes out of Donald Trump’s mouth that is designed to distract the American people from what he is doing,” Harris told ABC.

Instead of slashing funding, police departments should focus on forcing out officers who abuse their authority, the former vice president said. “There are unethical senators, there are unethical presidents, there are unethical doctors, unethical lawyers, unethical prosecutors, there are unethical cops. They should be rooted out,” Biden told interviewer Robin Roberts. Racial injustice protesters across the country have been calling for the defunding of police departments in the wake of George Floyd’s May 25 death in police custody in Minneapolis and other cases of alleged police brutality. Biden told Roberts that if elected president he would call for national standards for police departments and would make police misconduct records more easily accessible for public scrutiny.

He said Trump plans to cut “half a billion dollars of local police support,” referring to proposed cuts to a federal program aimed at hiring more local officers. Biden said he would call for more resources and social service support for police. “We have to make it clear that this is about protecting neighborhoods, protecting people, everybody across the board,” he said. “The only guy that actually put in a bill to actually defund the police is Donald Trump,” Biden added, after defending the 1994 crime bill he backed while a U.S. senator from Delaware.

That legislation, signed into law by former President Bill Clinton, called for community-based policing efforts – but has been criticized for leading to mass incarceration of African Americans and other minorities. “Everybody forgets a third of that bill that I wrote was to put more cops in the street, not in their automobiles, but getting out and knowing the community – knowing who owns the local grocery store, knowing everybody in the community, and crime will drop,” he said.

If it really needs $25 billion (or more), the problem doesn’t seem to be where critics currently locate it.

• House Passes $25 Billion Post Office Bailout As Trump Rages On Twitter (ZH)

Despite the fact that Postmaster General Louis DeJoy has delayed his most controversial cost-saving measures until after the November vote, and endured a shellacking at the hands of Senate Democrats on the Homeland Security Committee, House Speaker and Democratic leader Nancy Pelosi forged ahead with the help of 26 defecting Republicans to pass a bill calling for $25 billion in financial assistance for the Post Office. As more states announced plans to hold their elections largely by mail in November (a system that some used for the primaries) the Postal Service announced earlier this month that too much voting by mail could delay the arrival of some votes. Pelosi called a special session of the House during recess and on a Saturday to lend this piece of political theater even more impact.

The vote is the culmination of a Democratic crusade about late mail – literally, a few people complained about their mail being late, a few others posted some context-free photos of mail sorting machines being destroyed, and – boom – Democrats suddenly had an army of twitter trolls shrieking about veterans dying because their medication came a day late. One Connecticut family even complained that USPS had lost the cremated remains of a loved one and veteran (they were found 12 days later thanks to one dedicated worker who supposedly delivered the remains personally). They blamed DeJoy personally for the mistake, and ever since, the state’s AG William Tong has seized every opportunity to draw attention to “out of service” mail sorting machines.

DeJoy is due for round two before the House Oversight Committee on Monday, which should be even more brutal than Friday’s pile-on (at least, for DeJoy’s sake, the Senate is controlled by Republicans). But in the latest transparent bit of political theater organized by “political mastermind” Nancy Pelosi – and surely this is right up there with her wardrobe choices during the unveiling of the Dems’ police reform bill – is the victorious vote on Saturday, which has almost no chance of passing the Republican-controlled Senate. As we mentioned above, 26 Republicans defected to help Democrats pass the bill 257 votes to 150. In addition to the money, the bill called for reversing certain operational changes imposed under DeJoy. Six states are also suing USPS and DeJoy personally (along with the chairman of the USPS board) claiming these changes infringe on states ability to hold free and fair elections.

[..] Now, get ready for some strongly worded statements from Pelosi when Mitch McConnell inevitably refuses to call it for a vote. The Senate has introduced its own, scaled down, plan to help USPS as part of a proposed COVID relief bill that thanks to Democrats, likely will never become a reality.

….that they are trying to pull off in violation of everything that our Country stands for. Vote NO to the Pelosi/ Schumer money wasting HOAX which is taking place now. Then fight the $51 million unasked for Ballots. Only ABSENTEE BALLOTS are acceptable!

— Donald J. Trump (@realDonaldTrump) August 22, 2020

The conservative press has a few very clever and educated people writing on the Russiagate fall-out. They’re going to be needed. This is “sundance” at The Last Refuge.

• My Discussion With John Durham’s Lead Investigator, William Aldenberg (CT)

On June 7, 2018, an indictment against Senate Intelligence Committee Security Director James Wolfe was unsealed. Approximately six weeks later, July 21, 2018, the DOJ mysteriously declassified and publicly released the Carter Page FISA application. That’s when I noticed the first two documents were related. The FISA application was the “top secret classified document” described in the Wolfe indictment. Immediately I recognized it wasn’t just any copy of the FISA application that was released by the DOJ; but rather a very specific copy of the FISA application. What the DOJ released was the exact copy used in the leak investigation of James Wolfe. The ramifications of this specific copy being publicly released were immediately noted, although almost everyone seemed to gloss over the issue in favor of discussing the content.

Over the course of the next several months the ramifications became more clear. Despite overwhelming evidence James Wolfe was never charged with leaking the FISA application on March 17, 2017. Quite the contrary, even to this day the official position of the FBI, DOJ and U.S. government is that Wolfe *did not* leak the FISA application. There’s a very big reason for that; as both myself and special agent William Aldenberg discussed. First, in order to fill in another corner of the interview foundation it must be remembered the goal of the DOJ under former AG Jeff Sessions, despite his recusal on all things Trump, was the removal of political influence in the DOJ. That same objective has been repeated ad infinitum by current AG Bill Barr.

This approach is why everyone in/around any issue that skirts on the investigative tissue keeps saying: “a very delicate balance is being navigated”, and “very sensitive approaches” are needed. None of the former -and some remaining embed- officials in the FBI, DOJ, or Special Counsel actors, had any aversion to the use of weaponized politics in their corrupt investigations of President Trump. However, in the current investigation of the former weaponized political investigations the primary avoidance filter is politics. As expressed by almost everyone in and around the issue, any evidence that comes from inside the political silo is considered unusable. This sets up a rather challenging approach… hence the overused “delicate balances” etc. This overlay, the aggressive need not to use political information, is also frustrating.

Some are beginning to question whether it is actually a shield to justify a lack of accountability or institutional preservation. Keep up the pressure, the concerns are valid. The public doesn’t draw distinctions from the origin of evidence. Regardless of whether information comes from HPSCI ranking member Devin Nunes; and/or Senators Grassley, Johnson or Graham (political silo); or from the DOJ itself via John Bash, Jeff Jensen or John Durham; the public is absorbing all it. However, the current AG Barr instructions imply the non use of evidence emanating from the political silo in very direct terms.

And here is lawyer/prosecutor “Shipwreckedcrew” at Red State.

• John Brennan Was Put in a Completely Legitimate Perjury Trap (RS)

Shapiro’s statement claims that Brennan was told by Durham that he is neither a “target” nor “subject,” and that he is only a witness to events under review. Maybe that’s true, but it does not sound true to me. And the statement does not say that comment was made to Brennan yesterday before the interview took place. I can say that I had several occasions during my career as a prosecutor where criminal defense lawyers asked me similar questions about their client in response to an interview request. I can’t say that I always refused to answer, but as a general matter my response was something that I learned when I was starting out from more experienced federal prosecutors —

“Counsel, this interview today is voluntary. Your client is free to leave right now, and answer none of the questions we have. He’s free to stop answering questions at any time while the interview is underway. He’s free to ask to take a break, step outside the room with you, and then return to answer the question or not answer the question. What does he want to do?” John Brennan could have been questioned before a grand jury, without the presence of his attorney in the room. That would be true IF, as suggested by Shapiro’s statement, Brennan was only a “witness”. To explain that, let’s take a moment to address the whole “Target” v. “Subject” v. “Witness” construct the press is so happy to report about.

Labeling an individual a “target” has a clear meaning in federal criminal prosecutions. It refers to someone about whom the prosecutor believes there is already sufficient admissible evidence to seek an indictment from a grand jury, and obtain a conviction at trial. The investigation is ongoing, but the grand jury already has identified a “target” for eventual prosecution. Anyone who is “not a target” is — “not a target”. There is no other “classification” of individuals with meaning. Many people in the business toss around the term “subject”, but that is a “made-up” classification that does not exist. I have received “Subject” letters from prosecutors on behalf of clients, but those all involve a request to interview my client.

A “Target” letter is different. When you receive a “Target” letter it advises you that a federal grand jury has already received evidence upon which criminal charges may be issued in the future. It advises the “Target” that they should seek counsel, and if they cannot afford counsel they should contact the Federal Defender’s Office in their district for legal representation. Once they have secured counsel, their lawyer should contact the prosecutor to discuss the matter. The purpose behind a “subject” letter is merely to instill fear in the recipient and to “encourage” them to talk about others before others talk about them — as information from others might push them closer to the “target” category. Unwitting lawyers think there is meaning behind the “subject” designation but there is not.

Fear is a great motivator. “Doing unto others before they do unto you” is sort of a universal maxim among the idiot criminal class. So if you are not a “target” — meaning there isn’t sufficient evidence at this time to charge you with a crime — then by default you are a “witness.” But “witnesses” can, and often do talk themselves into being “targets” during such interviews. That was the purpose of the interview, Mr. Brennan, not because you have some wonderful insights to provide Mr. Durham and his investigators to make their job easier.

This is not even about the mail-in votes yet. There better be a very clear winner in November, or else.

• 550,000 Primary Absentee Ballots Rejected In 2020, Far Outpacing 2016 (NPR)

An extraordinarily high number of ballots — more than 550,000 — have been rejected in this year’s presidential primaries, according to a new analysis by NPR. That’s far more than the 318,728 ballots rejected in the 2016 general election and has raised alarms about what might happen in November when tens of millions of more voters are expected to cast their ballots by mail, many for the first time. Election experts said first-time absentee voters are much more likely to make the kinds of mistakes that lead to rejected ballots. Studies also show that voters of color and young voters are more likely than others to have their ballots not count. Most absentee or mail-in ballots are rejected because required signatures are missing or don’t match the one on record, or because the ballot arrives too late.

“If something goes wrong with any of this, that’s a problem writ large, but it’s also going to be one that hits some populations of the United States a bit harder than others, potentially disenfranchises different groups of folks at higher rates,” said Rob Griffin of the Democracy Fund, which is conducting a sweeping survey of the 2020 electorate with researchers at UCLA. Griffin said, so far, about a quarter of those who voted in person in the last election say they plan to vote by mail this November. The same is true for those who have never voted before and will be casting their first ballots in this year’s election. The numbers compiled by NPR are almost certainly an underestimate since not all states have made the information on rejected mail-in ballots available.

Even with limited data, the implications are considerable. NPR found that tens of thousands of ballots have been rejected in key battleground states, where the outcome in November — for the presidency, Congress and other elected positions — could be determined by a relatively small number of votes. For example, President Trump won Wisconsin in 2016 by almost 23,000 votes. More than 23,000 absentee ballots were rejected in the state’s presidential primary in April. More than 37,000 primary ballots were also rejected in June in Pennsylvania, a state Trump won by just over 44,000 votes.

US intelligence and the Wolfowitz/Brzezinski neocon cabal have severely compromised US national security for decades, only to funnel trillions towards US arms manufacturers, who today produce second rate weapons to boot. It is high time to stop this. Security is much better served by dialogue.

• US Spies’ Obsession With RT Comes Full Circle In Senate Report (RT)

Reading the final Senate Intelligence Committee report on ‘Russian meddling’ in US elections, it’s obvious they believe RT is the Christmas tree at its center, with WikiLeaks, troll bots, third parties etc. merely the ornaments. The US establishment’s obsession with RT dates all the way back to March 2011, when then-secretary of state Hillary Clinton complained about the US “losing… the information war.” The infamous Intelligence Community Assessment (ICA) on ‘Russian meddling’ from January 2017 devoted more than a quarter of its total volume to RT – seven out of 25 pages, to be precise. It was so obvious, even reporters with intimate inside knowledge of the Senate Select Committee on Intelligence (SSCI) were skeptical.

The ICA was based on the CIA-FBI-NSA-ODNI claim that “RT is the Kremlin’s principal international propaganda outlet.” Yet the bulk of its ‘evidence’ consisted of 2012 ‘open source’ research that was entirely irrelevant to the 2016 election. That pattern is now repeated in the latest SSCI report, in which RT is referenced more than 100 times. Published on Tuesday, the 966-page behemoth almost seems intended to discourage reading. It’s not difficult to see why: the report basically regurgitates every single assertion made over the past four years of ‘Russiagate’ conspiracy-mongering, with insinuation and innuendo doing a lot of the heavy lifting. For example, the word “likely” appears nearly 140 times throughout the report, while “almost certainly” appears 21 times.

One such assertion is that WikiLeaks and its senior leadership “resemble a non-state hostile intelligence service often abetted by state actors,” which is backed by circular reasoning: media reports, and then US laws based on them. This is followed by the assertion that RT has “provided both beneficial coverage of WikiLeaks and a formal, compensated media platform for [Julian] Assange.” Assange hosted a 12-episode interview show for RT in 2012, called World Tomorrow. This is the sole basis for the SSCI to assert the existence of an “alliance between RT and WikiLeaks” that is somehow “part of the Russian government’s overall strategy to use its state-controlled media to undermine US democratic institutions.”

Straining to prove the existence of this ‘alliance,’ the SSCI literally resurrects the completely debunked conspiracy theory that during the October 2016 release of the Podesta emails, “RT announced WikiLeaks releases on Twitter prior to WikiLeaks making that announcement itself.” As both WikiLeaks and RT have repeatedly clarified, the content of Podesta6 and Podesta15 releases had been posted on the website, but not yet announced on Twitter. RT journalists were monitoring the website, saw the upload, and reported on it – as journalists are supposed to do. That hasn’t stopped Western media, pundits and politicians from making a crazy conspiracy theory out of it, obviously.

The committee doesn’t stop there, however. They also argue that RT’s “efforts to impugn the US democratic process involve its support for third-party candidates and pushing messaging that ‘the US two-party system does not represent the views of at least one-third of the population and is a ‘sham.’” You heard it right, reporting on the existence of parties beyond Democrats and Republicans is somehow impugning democracy. Never mind that this quote is actually from the 2012 annex of the ICA, though it is used here to discuss RT’s “support” for Green Party presidential candidate Jill Stein in 2016. That alleged support consisted of hosting a Green Party debate on a RT America show, and inviting Stein to RT’s anniversary receptions in New York and Moscow.

An unnecessary step too far, if you ask me. It should have said the odds that he was poisoned are very slim. Other than that, yes, Navalny is a dimwitted CIA puppet whom Putin doesn’t mind at all having around.

• Navalny Was Not Poisoned (MoA)

On Thursday morning the Russian rightwing and racist rabble rouser Alexey Navalny fell ill during a flight from Tomsk in Siberia to Moscow. He eventually went into a coma. The plane had to be rerouted for an emergency stop in Omsk. Navalny was brought into a clinic and put on a ventilator. Meanwhile his spokeswomen Kira Yarmysh claimed, without evidence, that Navalny had been poisoned: Yarmysh believes Navalny, who showed no symptoms prior to the flight, was “poisoned with something mixed into his tea” as it was “the only thing he drank this morning.” In the middle of the journey, she wrote later, he began sweating, went to the toilet, and apparently lost consciousness for a period. RIA Novosti reported that Navalny did not eat or drink anything on the flight.

The doctors in the intensive care unit in Omsk had difficulties to stabilize Navalny. A number of tests were made but no poisons were found. Yesterday evening the patient had stabilized. On request of his family he was transported to Germany where he is currently undergoing treatment. The hospital in Omsk said that Navalny had experienced severe hypoglycemia: The head physician of the Omsk emergency hospital, Alexander Murakhovsky, said that Alexei Navalny’s condition was caused by a sharp drop in blood sugar. Hypoglycemia is also known as diabetic shock: “When a person experiences diabetic shock, or severe hypoglycemia, they may lose consciousness, have trouble speaking, and experience double vision. Early treatment is essential because blood sugar levels that stay low for too long can lead to seizures or diabetic coma.”

Hypoglycemia can sometimes happen rapidly and may even occur when a person follows their diabetes treatment plan. A diabetic shock happens when someone with diabetes has taken too much insulin or has eaten too little. My father had diabetes and I have seen him experiencing this problem several times. He always carried a piece of sugar with him to use it as soon as he felt the first symptoms. My mother taught me the basic first aid I would have to to apply should my father be unable to help himself. Thankfully I never had to use it. It is important that the measures are taken immediately. A prolonged coma can lead to brain damage. As Navalny was on a plane up in the air it took quite a while to get him into a hospital. His prolonged coma may have created additional damage to his body.

People with diabetes usually learn how to control their blood sugar level. I have found no information that Navalny actually has diabetes but that does not say much as it is not something people usually talk about. I am not aware of any medication or poison that rapidly lowers the blood sugar level and can be applied secretly. It would also be stupid to use such in an attempt to kill someone as the attacked person simply has to eat something to negate the effect. The ‘western’ media jumped onto the ‘Navalny was poisoned’ claim to heap the usual trash on Russia. They also claimed that Navalny is the ‘opposition leader’ in Russia even as he polls at 2% which is lower than the leader of the communist party and several other real opposition politicians. Nor is Navalny a ‘liberal’. He is a rightwing nationalist and racist who sees Cechen and other non-Russian people as cockroaches that should be killed.

Start talking to Russia and this, too, can be over.

• US Sanctions Devastate Syria’s People And Post-War Reconstruction (Maté)

JOSHUA LANDIS: Well, the sanctions are…the stated reason for the sanctions is that they are to…they’re to force the Assad regime to accept UN resolutions, which call for free elections—free and fair elections—to end the sectarian form of government, and to start a political process that the Special Envoy to the United States, James Jeffrey, has said would lead to Assad leaving power. So, in a sense, this is regime change. He has said it’s not about regime change, and the Trump administration people say we don’t insist on regime change; we want a radical change of regime behavior. But we know that’s not going to happen. Assad has won the war, and these sanctions end up, you know, immiserating the Syrian people, is what it…you know, Assad is going to be able to eat three square meals a day, he can fly it in if he has to, he’s not going to be made miserable.

There are a lot of Syrian opposition members that see this as a way to punish Assad. James Jeffrey has, in his downtime, has said this…his job is really about turning Syria into a quagmire for Russian and Iran. So, those are the three different agendas, really, to punish Assad, to try to carry out some kind of regime change, and perhaps ignite this UN sanct…you know, these UN resolutions that are supposed to bring about a political process, and then also turn Syria into a quagmire so it becomes a millstone around the necks of Russia and Iran. And those, you know, those policies are not going…are not really going to be achieved. Russia has made Syria a key factor in its foreign policy. It’s not going to abandon Syria, and Syria doesn’t cost them that much.

There’s not going to be a public uprising against Assad. Many people have said, oh, some Druze were demonstrating this and that, but Assad has put down the opposition and has won a civil…very bloody civil war. He’s not going to be overthrown by some demonstrations today, and he’s not going to be moved by Western sanctions. So, this…the result of these policies is going to be to starve Syrians, increase instability in Syria, send Syrians [as] more refugees…waves of refugees out into the West, and probably to promote terrorism, because their people will be so poor and unhappy. So, it’s not good for American foreign policy, I think, in the long run. It’s not good for Syrians. It’s not good for humanitarian interests.

This is going to take a very long time to resolve in any possible way. What’s going to happen to these people in the meantime?

• The Real Huge Jobs Numbers Will Make Your Blood Run Cold (Snider)

There is simply no way to spin these figures as anything good. Not just the usual ones were talk about here, but more so some new data that you probably haven’t seen before. Beginning with the regular, it doesn’t matter that the level of initial jobless claims has declined substantially over the past few weeks. The fact of the matter is after 22 weeks of dislocation, at least eleven of them under reopening, these continue to rip along at around 1 million per week. One million. We’d never seen so much as 700k before (though the labor market is getting into the top range of 1981-82 adjusting for population, as if that’s some good thing). Forget about the first half of the contraction (which the shutdown caused) and just focus on this second set of weeks since early May.

There’s no way to describe them, more than double anything we’ve ever seen before. Not shutdown but the visible display of economic damage. The rebound isn’t being very bouncy, for one thing, no matter how many gigantic gobs of purported “stimulus” has been thrown at the economy. It ain’t stimulating. The number of jobs still being lost this late into it is unthinkable; historic. I wrote a couple days ago about another key factor which appears to be what the productivity estimates have revealed; the terrifying possibility that though there’s been more job losses than at any time in history there may not yet have been enough of the longer-run variety to balance business perceptions of far lower post-GFC potential.

“Before even getting to July, this divergence between hours and headline payrolls had already suggested that companies may have been holding on to more workers than the decline in output would’ve demanded. In other words, the level of output and actual work performed had declined more than the reduction in headcounts, by a lot more, leaving us to suspect businesses were holding back a sort of reserve of their own workers (who were still on the books but idle nonetheless) having them at-the-ready for when reopening got started.”

Jeffrey A. Tucker at the American Institute for Economic Research gets a lot right, but some things awfully wrong (common flu is a coronavirus?! That hurts!).

In a world with zero preparedness and zero competence, politicians hide behind each other and state they only follow science, because that is an even better shield against criticism.

• Governments Are Faking It, and Copying Each Other (AIER)

A mystery for months is how it is that so many governments in so many different places on earth could have adopted the same or very similar preposterous policies, no matter the threat level of the virus, and without firm evidence that interventions had any hope of being effective. In the course of two weeks, traditional freedoms were zapped away in nearly all developed countries. In a seriously bizarre twist, even the silliest policies replicated themselves like a virus in country after country. For example, you can’t try on clothing in a store in Texas or in Melbourne, or in London or in Kalamazoo. What’s with that? We know that the COVID bug is least likely to live on fabrics unless I have symptoms of it, sneeze on my handkerchief and then I stuff it in your mouth.

[..] I invite you to examine a very interesting study published by the National Academy of Sciences: Explaining the homogeneous diffusion of COVID-19 nonpharmaceutical interventions across heterogeneous countries. A clearer title might be: how so many governments behaved so stupidly at once. The theory they posit seems highly realistic to me:

“We analyze the adoption of nonpharmaceutical interventions in the Organisation for Economic Co-operation and Development (OECD) countries during the early phase of the coronavirus disease 2019 (COVID-19) pandemic. Given the complexity associated with pandemic decisions, governments are faced with the dilemma of how to act quickly when their core decision-making processes are based on deliberations balancing political considerations. Our findings show that, in times of severe crisis, governments follow the lead of others and base their decisions on what other countries do. Governments in countries with a stronger democratic structure are slower to react in the face of the pandemic but are more sensitive to the influence of other countries. We provide insights for research on international policy diffusion and research on the political consequences of the COVID-19 pandemic.”

This seems to fit with what I’ve seen anecdotally. These guys in charge are mostly attorneys with specializations in bamboozling voters. And the “public health authorities” advising them can get credentials in the field without ever having studied much less practiced medicine. So what do they do? They copy other governments, as a way of covering up their ignorance. As the study says: ” While our paper cannot judge what an “optimal” adoption timing would be for any country, it follows, from our findings of what appears to be international mimicry of intervention adoptions, that some countries may have adopted restrictive measures rather sooner than necessary. If that is the case, such countries may have incurred excessively high social and economic costs, and may experience problems sustaining restrictions for as long as is necessary due to lockdown fatigue.”

Which is to say: the closures, lockdowns, and imposed stringency measures were not science. It was monkey see, monkey do. The social psychology experiments on conformity help explain this better than anything else. They see some governments doing things and decide to do them too, as a way of making sure they are avoiding political risk, regardless of the cost. ” Why did so many governments go so nuts at once, disregarding their own laws, traditions, and values by bludgeoning their own people with the excuse of science that has turned out to be almost completely bogus? Some people claim conspiracy but a much simpler answer might be that, in their ignorance and stupor, they copied each other out of fear.”

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Debt Rattle August 22 2020

Aug 222020

August 22, 2020 Posted by Raúl Ilargi Meijer at 10:07 am Finance Tagged with: Assange, Biden, Bill Barr, coronavirus, Covid19, DNC, Dr. Birx, NATO, pardon, Post Office, Snowden, Tulsi 19 Responses »

Steve Schapiro Robert Kennedy US Presidential Campaign 1968

• Coronavirus Pandemic Could Be Over Within Two Years – WHO (BBC)

• Dr. Birx: November In-Person Voting As Easy As Going To Starbucks (JTN)

• Where’s Tulsi? (RT)

• This Year’s DNC Was 2016’s DNC on Steroids (Savage)

• The Truth About The Post Office Controversy (Patel)

• Catapulting Russian-Meddling Propaganda (Ray McGovern )

• Fighting Russia Has Become An Existential Necessity For NATO – Lavrov (RT)

• AG Barr Throws Cold Water On Possible Edward Snowden Pardon (ZH)

• What A Nation Cut Off From The Rest Of The World Looks Like (Saxo)

• Alan Rusbridger: Assange Case Is Worrying For All Journalists (PG)

Passing 800,000 deaths globally is a sad milestone again, but US new cases had their best week since the end of June, so that’s a good thing.

Postmaster

Senator Peters should be embarrassed.
The people of Michigan should be embarrassed!
cc @RichardGrenell pic.twitter.com/9UrhslbpOn

— the conservador (@theconservador) August 21, 2020

Not sure every single person will see this as a reassuring message.

Amazing how little the man has to say who pretends to aid the entire world. When PPE corruption is one of your main talking points…

• Coronavirus Pandemic Could Be Over Within Two Years – WHO (BBC)

The head of the World Health Organization (WHO) says he hopes the coronavirus pandemic will be over in under two years. Speaking in Geneva on Friday, Tedros Adhanom Ghebreyesus said the Spanish flu of 1918 took two years to overcome. But he added that current advances in technology could enable the world to halt the virus “in a shorter time”. “Of course with more connectiveness, the virus has a better chance of spreading,” he said. “But at the same time, we have also the technology to stop it, and the knowledge to stop it,” he noted, stressing the importance of “national unity, global solidarity”.

The deadly flu of 1918 killed at least 50 million people. The coronavirus has so far killed almost 800,000 people and infected 22.7 million more. Dr Tedros also responded to a question about corruption relating to personal protective equipment (PPE) during the pandemic, which he described as “criminal”. “Any type of corruption is unacceptable,” he answered. “However, corruption related to PPE… for me it’s actually murder. Because if health workers work without PPE, we’re risking their lives. And that also risks the lives of the people they serve.”

Well she actually said “If you go into Starbucks in the middle of Texas and Alabama and Mississippi that have very high case rates..” But then, in states with lower case rates it should be even safer…

• Dr. Birx: November In-Person Voting As Easy As Going To Starbucks (JTN)

The doctor coordinating the White House Coronavirus Task Force says she believes it will be safe for voters to go to the polls in November. “Well, I can tell you it has been safe for me to go to Starbucks and pick up my order,” Dr. Deborah Birx told Just The News in an interview when asked about in-person voting. Birx has been traveling the country by car and one of her practices is to visit as many Starbucks as she can in an attempt to gauge whether people are wearing masks and socially distancing. She said her coffee experiences in states that have higher than normal COVID-19 cases, has led her to a conclusion about voting. “If you go into Starbucks in the middle of Texas and Alabama and Mississippi that have very high case rates, then I can’t say that it would be different waiting in line in the polls,” Birx said.

Of course, she cautions that masks must be worn and social distancing must be adhered to. “I know there’s a way but you really do have to pay attention,” she added. Birx spoke Friday afternoon at the White House on a myriad of topics. While much of the discussion centered on vaccines and a potential timetable for a return to normal, she also revealed something personal: she’s been a victim of harassment and threats via technology. “I do get death threats, and I get text messages that are horrific,” she said. “I get stuff sent to my home where my daughters are that is shocking and their phones get shocking messages. All of that has been happening since March.”

In a way, Birx has a thankless job as she tries to navigate not just the reality of a deadly virus but the political realities as well. Most of the criticism has come from liberal Democrats who have criticized her for not doing enough to set the record straight on some of the president’s medical claims. Birx, who has served in both Republican and Democratic administrations for decades, said she will soldier on. “You just have to stay true to your own personal values,” she said. “I’ve never been asked to cross that line. I believe when people look back that they’ll find out that I personally never crossed that line.”

The Tulsi treatment is the state of the DNC in a nutshell. Cancel culture at its finest, advertized as unity. And Bernie, AOC, Tulsi swallow it all.

• Where’s Tulsi? (RT)

This week’s Democratic virtual gathering to nominate the Joe Biden/Kamala Harris ticket for the November election was a triumph of party centrism over the progressive wing. Representative Alexandria Ocasio-Cortez was given a whopping 90 seconds to nominate Bernie Sanders in a technical procedure, and no members of her ‘squad’ were given the stage. Instead, a parade of speakers from both parties told Americans that replacing Donald Trump with Biden was the single most important task at hand. One other party outsider was noticeably absent at the convention. Tulsi Gabbard, the representative for Hawaii, was snubbed despite remaining in the primary race right until Biden’s imminent victory and winning two delegates.

In those metrics, she performed better than VP nominee Harris herself. Yet Gabbard “was not invited to participate in any way”, she confirmed on Twitter. Frankly speaking, she would have been welcomed at the convention about as gladly as evil witch Maleficent at the birthday party of Sleeping Beauty. Once considered a rising political star and given the same duty to nominate Sanders in 2016 as AOC this year, Gabbard has become a pariah in her own party over the past two years. Apparently, the Democratic leadership would rather give a platform to someone who helped lie the country into the 2003 Iraq invasion than to a woman who calls for an end to forever wars, some commenters noted. During the campaign, Gabbard stepped on quite a few toes. Going after Harris’s prosecutorial record was arguably the moment the California senator’s bid for presidency went sideways.

Guest of honor Pete Buttigieg, described by Biden as the future of the party, would probably not appreciate her either. After all, after he brought up her infamous trip to Syria during a debate, Gabbard gave him a lecture on the importance of talking to your adversaries. [..] The redbait smearing of Gabbard began early in her campaign. In February 2019, NBC declared her a “Russian favorite” based on the opinion of New Knowledge, the shady firm best known for fabricating a ‘Russian influence campaign’ during the 2017 Senate special election in Alabama. In October, the same attack was launched from the very top of the party establishment, as Hillary Clinton claimed the Kremlin was “grooming” Gabbard to run as a third-party candidate.

https://twitter.com/TulsiGabbard/status/1296591920538550273

“As the country’s social fabric is torn apart by evictions, record unemployment, and mass death, they decided to hold a virtual prayer circle for Republican senator John McCain.”

• This Year’s DNC Was 2016’s DNC on Steroids (Savage)

Save a few protests from frustrated Sanders delegates, the convention was a pristine spectacle of celebrity-driven, limousine liberalism at its most cartoonish and out of touch. No one expected a politician like Clinton to remake herself as a populist figure. But the four-day elite love-in — hosted, no less, at a convention center bearing the name of one of the world’s biggest banks — was so dripping with Ivy League pretension and Hollywood glam that it looked more like an awards show than a democratic appeal to the citizens of a republic. November was still three, potentially perilous months away, and — despite a year of unexpected populist insurgencies from both the Left and right — Democrats were already measuring the drapes for an indefinite future residency in the White House.

When November finally did come, their complacency would be punished with the single greatest political upset in modern history. In more ways than one, this year’s DNC evoked an ominous feeling of deja vu. True enough, the context is very different. This time, Donald Trump is the incumbent president and America is in the throes of the worst economic crisis since the Great Depression. Contra Clinton, the party’s nominee was merely the final centrist standing among what was this time a vast field of candidates rallying to neutralize Sanders — and, unlike its last standard-bearer, he was more the establishment’s measure of last resort than its first choice.

Notwithstanding these differences, the parallels between this week’s convention and the gilded spectacular of 2016 are difficult to overlook. Yet again, Democrats are headed into a consequential election with a Wall Street–friendly ticket raking in millions from financial concerns and doing its utmost to signal it has minimal interest in honoring key campaign pledges.

As in 2016, party leaders feel they can openly flaunt their contempt for a progressive left that has nowhere else to go while putting their chips on anti-Trump Republicans and conservative suburbanites (to that end, John Kasich and Colin Powell were featured prominently on the schedule while the Democrats’ brightest star got just over one minute).

With the state of the country inarguably worse than it was in 2016, this formula somehow looks even more out of touch than it did four years ago. During a moment of national reckoning with racism and police violence following the brutal murder of George Floyd, Democrats opted to give the architect of stop-and-frisk a prime-time speaking slot. As the country’s social fabric is torn apart by evictions, record unemployment, and mass death, they decided to hold a virtual prayer circle for Republican senator John McCain. Despite giving a speech that exceeded most expectations, their tribune is a candidate whose ability to win is privately doubted even by the people who proved most critical to his nomination.

“With universal mail-in voting, the government would mail ballots to everyone, regardless of whether they request them.”

• The Truth About The Post Office Controversy (Patel)

Do we really have to worry about the Postal Service? That’s the latest faux controversy to dominate our political debate. It’s a sign of our times that even the mail system isn’t without controversy. As usual, there’s plenty of blame to go around on how we got into this mess. In the midst of the COVID-19 pandemic, it’s reasonable to presume we need more absentee voting. Packing voters into overcrowded indoor polling places with long lines is not a good idea. Our government and politicians of all stripes have a duty to promote free and fair elections whether in person or absentee. That shouldn’t be a controversial idea. At the same time, there are legitimate concerns about universal mail-in voting.

Absentee voting is different. With absentee voting, a specific voter requests his or her specific ballot to vote by mail. That system has been used for years and — especially in the states doing it best — it works pretty well. Universal mail-in voting is different. With universal mail-in voting, the government would mail ballots to everyone, regardless of whether they request them. Some places even allow for “ballot harvesting,” where a third party can collect ballots for many people and file them in bulk. This system has not traditionally been used widely, and it raises legitimate concerns over voter fraud. A 2018 North Carolina congressional election was in fact overturned after a state probe found that a Republican operative illegally collected ballots with forged signatures and filled in votes.

The Postal Service controversy falls in the midst of the very legitimate debate. We should all be able to agree that to the extent mail-in voting is used — the absentee variety would be my preference — the Postal Service has to be able to handle its role to ensure a fair election in a reasonable time frame. The Postal Service — which is supposed to operate independently based on funding from the postal fees it charges — has been losing money for years. Due to email and other forms of communication, we send about 30% fewer letters each year than we did just a decade ago. To combat this, the Postal Service has been reducing its operating costs. That all makes sense. Now comes the controversy part. There are three drivers contributing to it. Two are self-inflected by the Republicans, and one — likely the biggest — is being driven pretty disingenuously by the Democrats.

First, it would have made sense to pause some Postal Service operating cuts as it became more and more clear after COVID-19 that we were going to rely more on the mail this election cycle than in any other. Taking mail sorting machines out of service and cutting back on mailboxes that are less used may not be the best moves when you know the mail will be crucial for a national election. A pause in operating cuts makes sense in case the equipment is needed for real, substantive reasons — to ensure a fair and timely election — and also to induce confidence among the American people that our sacred right to vote will not be abridged due to the pandemic. This is exactly the justification the Postal Service provided this week when they finally announced such a pause. It was, of course, too late to stem the controversy.

Second, as is the case with so many controversies of this era, President Donald Trump did not do himself any favors with his comments on the matter. Trump said he opposed more money for the Postal Service because without that money, “You can’t have universal mail-in voting, because they’re not equipped to have it.” The president is not wrong to question universal mail-in voting, but his statement that he was going to unilaterally in effect stop it through a holdup of postal funds only added fire to Democrats’ claims that he was against taking steps to have a fair election during the pandemic.

Read of the day. Excellent. Where it all comes together.

• Catapulting Russian-Meddling Propaganda (Ray McGovern )

The Best Defense… is a good offense, and the Senate Intelligence Committee’s release of its study — call it “Mueller (Enhanced)” — and the propaganda fanfare — come at a key point in the Russiagate/Spygate imbroglio. It also came, curiously, as the Democratic Convention was beginning, as if the Republican-controlled Senate was sending Trump a message. One chief worry, of course, derives from the uncertainty as to whether John Durham, the US Attorney investigating those FBI and other officials who launched the Trump-Russia investigation will let some heavy shoes drop before the election. Barr has said he expects “developments in Durham’s investigation hopefully before the end of the summer.”

FBI attorney Kevin Clinesmith already has decided to plead guilty to the felony of falsifying evidence used to support a warrant from the Foreign Intelligence Surveillance Court to surveillance to spy on Trump associate Carter Page. It is abundantly clear that Clinesmith was just a small cog in the deep-state machine in action against candidate and then President Trump. And those running the machine are well known. The president has named names, and Barr has made no bones about his disdain for what he calls spying on the president. The cognoscenti and the big fish themselves may be guessing that Trump/Barr/Durham will not throw out heavier lines for former FBI Director James Comey, his deputy Andrew McCabe, CIA Director John Brennan, and Director of National Intelligence James Clapper, for example.

But how can they be sure? What has become clear is that the certainty they all shared that Hillary Clinton would be the next president prompted them not only to take serious liberties with the Constitution and the law, but also to do so without taking rudimentary steps to hide their tracks. The incriminating evidence is there. And as Trump becomes more and more vulnerable and defensive about his ineptness — particularly with regard to Covid-19 — he may summon the courage to order Barr and Durham to hook the big fish, not just minnows like Clinesmith. The neuralgic reality is that no one knows at this point how far Trump will go. To say that this kind of uncertainty is unsettling to all concerned is to say the obvious.

So, the stakes are high — for the Democrats, as well — and, not least, the LSM. In these circumstances it would seem imperative not just to circle the wagons but to mount the best offense/defense possible, despite the fact that virtually all the ammunition (as in the Senate report) is familiar and stale (“enhanced” or not). Black eyes might well be in store for the very top former law enforcement and intelligence officials, the Democrats, and the LSM — and in the key pre-election period. So, the calculation: launch “Mueller Report (Enhanced)” and catapult the truth now with propaganda, before it is too late.

NATO is not capable of fighting Russia. But it can wage a one-sided domestic disinformation war.

• Fighting Russia Has Become An Existential Necessity For NATO – Lavrov (RT)

Confrontation with Russia has become the sole reason for NATO’s existence, and this encourages instability in Europe, creating artificial dividing lines on the continent. That’s according to Russian foreign minister Sergey Lavrov. The veteran diplomat told the Moscow daily Trud that everyone knows there are no real threats to security in Europe but that NATO needs to invent them in order to keep itself relevant. Lavrov also drew attention to the fact that Russia has repeatedly proposed measures to reduce tensions and reduce the risk of incidents on the continent. “Now, just like during the Cold War, fighting Russia on all fronts, including information and propaganda, has become the alliance’s reason for existence,” he explained.

“NATO has deployed extensive resources on the eastern flank, near our borders, including conducting exercises and improving military infrastructure.” “The alliance continues to expand its area of military and political influence, inviting all new countries under its ‘umbrella’ under the pretext of protecting them from Russia,” he added. Lavrov further explained that the alliance adheres to the line of “containment and dialogue” in relations with Russia, although “as a result, there is practically no place for a real and open dialogue on pressing problems.” In the same interview, the foreign minister accused Ukrainian authorities of not hiding their desire to use the conflict in the Donbass to preserve European Union sanctions pressure on Russia, by not fulfilling their obligations under the Minsk Agreements.

According to him, Kiev takes advantage of the fact that the EU continues to link the issue of improving relations between the bloc and Russia with the implementation of the Minsk agreements, to which Russia is not a party. “Alas, this artificial and short-sighted link persists to this day – to the great satisfaction of the Kiev authorities, which not only do not fulfill their obligations under the Minsk Package of Measures, but also make no secret of their desire to use the unresolved conflict to maintain sanctions pressure against Russia,” Lavrov said.

If Barr continues to fiddle on the Durham report, Trump may do it anyway.

• AG Barr Throws Cold Water On Possible Edward Snowden Pardon (ZH)

Once again President Trump’s anti-establishment and ‘anti-deep state’ instincts look like they’ll be promptly reigned in by those around him. He shocked leaders in Congress and within his own administration when one week ago he mused openly in a New York Post interview that maybe Edward Snowden should be pardoned. In follow-up he said at a press briefing last Saturday “There are many, many people – it seems to be a split decision that many people think that he should be somehow treated differently, and other people think he did very bad things.” And further that: “I’m going to take a very good look at it.” The president raised eyebrows and anxiety across the D.C. beltway with his unprecedented remarks.

“There are a lot of people that think that he is not being treated fairly. I mean, I hear that,” he had initially told NY Post, before adding: “Many people are on his side, I will say that. I don’t know him, never met him. But many people are on his side.” This immediately raised hopes among those that hail the NSA leaker as a whistleblower who exposed deeply unconstitutional surveillance of the domestic populace that he might one day soon see freedom. But now Attorney General William Barr is throwing cold water on such a bold prospect, saying to the Associated Press on Friday that he’d be “vehemently opposed” to any initiative to pardon Snowden, who remains on the run from US authorities – but given asylum in Russia.

If he were to return to the United States he would face severe charges related to the Espionage Act and spilling of state secrets, which would certainly bring life imprisonment. “He was a traitor and the information he provided our adversaries greatly hurt the safety of the American people,” Barr said in the new comments. Interestingly, Trump’s own view as expressed years ago was that Snowden was a “traitor”. Barr’s latest comments frame Snowden’s actions as motivated by money and fame, and not of out of a sense of patriotism or concern for upholding the Constitution: “He was peddling it around like a commercial merchant. We can’t tolerate that,” Barr added firmly. Recall that last year the DOJ under Barr fought to ensure that Snowden wouldn’t see any money generated from US sales of his tell-all book Permanent Record.

Japan has been quiet, it’s true.

• What A Nation Cut Off From The Rest Of The World Looks Like (Saxo)

Earlier this morning, there has been a couple of Japanese data releases. Japanese consumer price inflation was unexciting with a rate at 0% YoY. While we see some relative price changes in many countries, the basic story for the moment is that inflation will remain low in most countries. In addition, Japan National Tourism Organization has published its latest data regarding the flow of foreign visitors in July. Basically, it shows what a nation cut off from the rest of the world looks like. The flow of foreign visitors in Japan published by Japan National Tourism Organization is out this morning. The country was supposed to welcome an unprecedented number of Olympic fans from all around the world just about now, but the pandemic has turned everything upside down.

Arrivals of foreign visitors plunge 99% YoY in July, at 3,800 individuals (slightly up compared to the previous month, when it stood at 2,600 individuals). For the sake of comparison, at the beginning of the year, the country recorded more than 2.6 million foreign visitors in a month’s time. Whilst the country expected to draw around 40 million visitors this year, the final number for 2020 might fall to 7-8 million at best, which would represent a drop of 80% compared to the target. Over the past years, the contribution of travel and tourism to GDP has significantly increased, to reach 7% in 2019, on the back of government’s incentives to promote foreign tourism via marketing push overseas and eased visa requirements.

The COVID-19 constitutes a serious setback for the government’s hopes for tourism and it is unlikely that the recent campaign to spur domestic tourism launched on July 22 will offset losses generated by the drop in the flow of foreign visitors. Considering the number of new COVID-19 cases has sharply increased since mid-July and that many countries at global level are facing the acute risk of second wave, the country is not expected to reopen to foreigners anytime soon and will probably postpone initial plans to let foreign students and businessmen return.

Well, speak out then. A lot louder than this.

• Alan Rusbridger: Assange Case Is Worrying For All Journalists (PG)

Former Guardian editor Alan Rusbridger has said the ongoing US extradition case against Wikileaks founder Julian Assange is “disturbing” and “has worrying implications for all journalists”. And he has said it is “surprising” that more don’t share his concerns. While Assange has garnered support from a range of campaigning groups for his plight, the response from journalists and the news industry in the UK has been relatively muted. Rusbridger was editor of the Guardian for 20 years, leaving in 2015. Under his editorship the paper worked with Wikileaks on the 2010 Iraq and Afghanistan war logs and, a few years later, the Snowden Files. [..] Any charges against Assange relating to journalistic activity, such as the publishing of material in the public interest, “should be dropped”, Rusbridger told Press Gazette.

[..] Rusbridger said that while Assange had done things he can’t defend, and which “stray beyond the conventional definition of journalism”, the Australian is not “all good or all bad”. “When you stand back and say, well, whatever we think of Assange, what he is being targeted for is the same or similar as many journalists have done, then it’s surprising to me that more people can’t see that this case has worrying implications for all journalists” Rusbridger said the precedent set by the UK of allowing someone to be extradited for prosecution under another country’s official secrets laws could ultimately be used by regimes to target British journalists who report on sensitive information about foreign powers. “It’s quite a disturbing thing that we should send somebody to another country for supposedly breaking their laws on secrecy. If journalists are not concerned by that, then I think they should be,” he said.

“The danger here is that if everyone sort of shrugs and leaves Assange to his fate and this sets some kind of judicial precedent, then the next time… a journalist on the Sunday Times writes about a secret Israeli weapons system, as has happened in the past, the Israelis say ‘well actually that breaches our Official Secrets Act, under the Assange precedent we now ask for this person to be returned to our country so we can prosecute them’. “You could see how what seems like a sort of tangential case involving somebody that I know lots of journalists don’t really regard as a proper journalist suddenly becomes something that has set a very alarming precedent.”

On the question of whether Assange is a journalist, Rusbridger said he was “one of these complicated figures that we’ve never had to deal with before the 21st Century” and had “many identities”. He said Assange clearly did “some things that are journalistic”, pointing in particular to the Collateral Murder video that showed a US air attack in Iraq that killed a dozen people, including two Reuters media workers. “Any newspaper would have been thrilled to run that story,” said Rusbridger. “It was a really, truly shocking story in the public interest. “So that was clearly journalism, but [Assange is] also an activist, he’s a publisher, he’s a kind of impresario, he is a whistleblower, he’s a kind of information anarchist, and so that that makes him very difficult to categorise or to work out what our attitude to him is.

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Debt Rattle August 21 2020

Aug 212020

August 21, 2020 Posted by Raúl Ilargi Meijer at 9:37 am Finance Tagged with: absentee ballots, austerity, Biden, coronavirus, Covid19, Facebook, free speech, Lightfoot, monarchy, mosquitoes, ravens, T-Cells, Taibbi, Ukraine, unemployment 13 Responses »

Elliott Erwitt New York City, USA 1955

• Many People Unexposed To Coronavirus Have Immune Cells For COVID19 (SMH)

• The Speech Joe Biden Has Been Preparing For His Entire Life (Taibbi)

• Team Biden Now Signals Austerity, Despite Campaign Pledges (Sirota)

• 72% of Detroit’s Absentee Ballot Counts Were Off (DN)

• Johnson, Grassley Blast Colleagues For ‘False Narratives’ About Ukraine (JTN)

• “I Have A Right To Make Sure That My Home Is Secure” (ZH)

• 28 Million Americans on Unemployment Insurance, 17.5% of Labor Force (WS)

• CEOs Get Big Pre-Bankruptcy Bonuses As Lenders and Employees Stiffed (NC)

• Facebook Delenda Est (Ben Hunt)

• Florida To Release 750 Million Genetically Modified Mosquitoes (BBC)

• ‘Bored’ Ravens Straying From Tower Of London Signal Monarchy May Fall (G.)

It’s not that long ago that it seemed impossible the US would do better than the world in new cases numbers. But here we are.

The author of this particular take on T-cells can’t seem to make up his mind if this is a good thing or not.

• Many People Unexposed To Coronavirus Have Immune Cells For COVID19 (SMH)

Evidence is emerging worldwide showing between 20 and 50 per cent of people who have never been exposed to COVID-19 have immune cells that can recognise and react to the virus. The discovery of T cell cross-reactivity has excited immunologists, who hope it could explain some of the mysteries that surround the virus, such as why some people get so much sicker than others. But scientists caution that it is not yet clear what the discovery means for human health. Australian National University’s head of immunology and infectious diseases, Professor David Tscharke, said: “It’s the good, the bad and the ugly – it could help, it could do nothing, or it could make COVID-19 worse.” Professor Tscharke said the cross-reactive T cells might help to fight off the virus, or they might get in the way of the immune system, making the disease worse, a phenomenon known as “original antigenic sin”.

SARS-CoV-2 coronavirus (yellow) emerging from the surface of cells (pink) cultured in a US National Institutes of Health lab. CREDIT:AP

Typically, the human adaptive immune system relies on precision. Antibodies, for example, have to be exactly the right shape to stick to a particular virus and kill it. T cells hunt for tiny fragments of virus protein – as small as eight amino acids long, in a virus that could have thousands of them – that identify a virus has infected a cell. If two viruses share protein fragments, T cells will attack both. SARS-CoV-2, the virus that causes COVID-19, shares much of its genetic code, including many of its proteins, with four coronaviruses in frequent circulation among humans. Dr Corey Smith, head of the translational and human immunology laboratory at the QIMR Berghofer Medical Research Institute, said some sections of the genetic codes were virtually identical.

They cause the common cold and are extremely common – more than 90 per cent of people have been exposed to them. Scientists suspect some people who have been exposed to these viruses develop T cells that can also target SARS-CoV-2. Monash University’s head of microbiology, Professor Stephen Turner, said that in the best-case scenario, cross-reactive T cells do offer some protection. “That’s why we might be seeing so much asymptomatic infection. If there is a level of protection, due to previous exposure, you have less symptoms – because you’re limiting the amount of virus that can grow,” he said. During the 2009 influenza pandemic, scientists found people who had cross-reactive T cells to that virus were less likely to suffer severe symptoms. Professor Turner said T cells needed the right signals to be activated. It was possible SARS-CoV-2 did not trigger them, or they were in the wrong place to fight the infection.

“Start your livers..”

• The Speech Joe Biden Has Been Preparing For His Entire Life (Taibbi)

The DNC drinking game Monday night was so painful (and Tuesday was worse), that I’ve decided to shorten the game tonight to cover Joe Biden’s acceptance speech only. I watched Biden speak probably a half-dozen times during the primary campaign, and perhaps a half-dozen times before. He has definite tendencies, and his stump speech hits the same six or seven notes every time, but convention addresses are different. Every line, every word, will be scripted. There shouldn’t be ad-libs, freak-outs at hecklers, etc. Guessing what an unscripted Joe Biden will do at any given moment is pretty interesting. Here we’re basically trying to guess what Biden and his handlers have decided to put on a teleprompter. Biden will be speaking sometime after 9 p.m. I will be live-streaming with Katie Halper. Details to follow.

Drink EVERY TIME:
• Biden says, “Folks.”
• Biden says, “The United States of America.” Double-shots for any multiple-America construction, e.g. “The best America is an America where Americans believe in the American dream.”
• Biden says, “Middle-class.”
• Biden says, “Get up!” as in, “Folks, you’ve got to get up! This is the United States of America!”
• Biden says, “You guys.”
• Biden says, “Barack” or references the “Obama-Biden administration.”
• Biden says, “Soul of America.”
• Biden points out a surprising percentage of something, e.g. “Look, folks, seventy-four percent of venture capital goes to four cities.”
• Biden says, “My Mom used to say” or mentions one of his father’s relatable jobs, e.g. “He sold a hell of a lot of cars!”
• Biden makes a self-deprecating joke about his age or his tendency to say puzzling things.
• Biden finishes a section of his speech with a rhetorical flourish, and he sounds angry, and you can’t tell why, because he’s talking about something non-angering.
• Biden tells a story about a rewarding interaction with an ordinary person, as in, “I walk over to the guy up in the bucket. And there’s seven guys around him, all with hard hats on. I yelled up and said, ‘Hey, man, thanks!’”
• Biden references a job you’ve never heard of, as in “Why is a sandwich maker being forced to sign a non-compete clause?”
• Biden says “systemic.”
• Biden tells us there’s nothing we can’t accomplish.

If David Sirota keeps this up, they’ll ban him from the party.

• Team Biden Now Signals Austerity, Despite Campaign Pledges (Sirota)

The Democratic convention has sucked up all the political oxygen in America — so much so, that most people missed Team Biden signaling that it may back off the entire agenda it is campaigning on. This monumental declaration went almost completely unnoticed for an entire day — which is a genuinely disturbing commentary on how the biggest of big political news gets routinely ignored. To review the situation: earlier this month, Bloomberg News reported that Biden’s “campaign rolled out a $3.5 trillion economic program over the past month” — one that “promises to invest in clean energy and caregiving, buy more made-in-America goods, and start narrowing the country’s racial wealth gaps.” This, said the news service, was proof that Biden no longer adhered to an ideology of austerity and deficit hawkery — which would be good news.

But then on the eve of Biden’s convention speech, the Democratic nominee’s top aide suggested to Washington reporters that, in fact, that’s not true. Here’s the key excerpt: Former Delaware Sen. Ted Kaufman, a Biden confidant who succeeded him in the Senate, predicted during a Wall Street Journal Newsmakers Live interview Tuesday that a large increase in federal spending would be difficult to achieve in 2021. “When we get in, the pantry is going to be bare,” said Mr. Kaufman, who is leading Mr. Biden’s transition team. “When you see what Trump’s done to the deficit…forget about Covid-19, all the deficits that he built with the incredible tax cuts. So we’re going to be limited.” Economist Dean Baker goes over exactly how destructive and insane this ideology is.

As he says: “The idea that we would not address pressing needs, like climate change, child care, and health care because we are concerned about the debt burden is close to crazy. As long as the economy is not near its capacity, there is zero reason not to spend to address these priorities.” What I find particularly troubling is that Kaufman’s quote made it into the Wall Street Journal yesterday. The newspaper tweeted it out early in the morning. It sat out there for almost 24 hours — an eternity in the current news ecosystem. And yet, as far as I can tell, nobody noticed. Hell, the Journal’s tweet had all of 1 retweets on it as of this morning.

[..] This monumental declaration was in a major newspaper — it should have set off immediate alarm bells from all the think tanks, unions and advocacy groups in Washington whose job is to make sure that this kind of destructive austerity ideology does not once again take hold in the Democratic Party. There should have been press releases, and statements of outrage and congresspeople on TV talking about it. But for an entire day, there was nothing, until it was shamed into the conversation. This is not the first time there’s been silence on stuff like this — less than a month ago Biden explicitly promised his Wall Street donors that despite his public campaign promises, he will not be pushing new legislation to change corporate behavior.

Hmmm: “..people shouldn’t “expect perfection or anything close” to it..”

• 72% of Detroit’s Absentee Ballot Counts Were Off (DN)

Recorded ballot counts in 72% of Detroit’s absentee voting precincts didn’t match the number of ballots cast, spurring officials in Michigan’s largest county to ask the state to investigate ahead of a pivotal presidential election. [..] In 46% of all Detroit’s precincts — absentee and Election Day — vote counts were out of balance, according to information presented Tuesday to the Wayne County Board of Canvassers. Specifically, the number of ballots tracked in precinct poll books did not match the number of ballots counted. The situation could amplify the spotlight on absentee ballots in Michigan ahead of an election for which record levels of mail-in voting are expected and President Donald Trump is already raising concerns about how votes will be handled. The election results for the primary weren’t incorrect, said Jonathan Kinloch, a Democrat and one of the canvassing board’s four members.

But, he said, something had gone wrong in the process of tracking ballots precinct by precinct. Having balanced precincts is particularly important in Michigan because precincts whose poll books don’t match with ballots can’t be recounted, according to state law. Instead, the original election results would stand. “It was a perfect storm,” Kinloch said. The “storm” involved a record number of absentee ballots being cast in Michigan’s primary and seasoned election workers not feeling it was safe to help with administering the election because of COVID-19, he added. The Wayne County board is asking Benson, a Detroit resident, to investigate “the training and processes used by the City of Detroit” in the primary election. The board also requested that the first-term Democrat appoint a state monitor to oversee the counting of absentee ballots in the general election.

Detroit had problems with precinct count mismatches in the November 2016 election. Election officials couldn’t reconcile vote totals for 59% of precincts in the city during a countywide canvass of vote results with most of the issues involving too many votes. Those votes couldn’t be recounted when Green Party presidential candidate Jill Stein demanded a statewide recount following Donald Trump’s initial 13,000-vote victory over Democrat Hillary Clinton. A recount was started but stopped and nullified by the courts when Stein was ruled ineligible for a recount request because she had no chance at victory. The results eventually were certified as a 10,704-vote victory for Trump, the first Republican presidential nominee to win Michigan in 28 years. It was the Republican businessman’s smallest margin of victory in the nation.

The problems with the Detroit’s numbers in the Aug. 4 primary included ballots being put in the wrong tracking containers, said Monica Palmer, one of the Republican members of the Wayne County Board of Canvassers. “It was so inaccurate that we can’t even attempt to make it right,” said Palmer, chairwoman of the board. Winfrey said the vast majority of the absentee voting precincts in the city were less than three ballots off, plus or minus. Being off by three or fewer is allowed, Winfrey said — but it’s unclear what policy she was referring to. [..] Winfrey also said Thursday that people shouldn’t “expect perfection or anything close” to it after elections staffers have worked more than 20 hours.

Running out the clock.

• Johnson, Grassley Blast Colleagues For ‘False Narratives’ About Ukraine (JTN)

Republican Sens. Ron Johnson of Wisconsin and Chuck Grassley of Iowa sent letters to two of their Democratic colleagues, lambasting them for claiming that an investigation regarding U.S. policy in Ukraine during the Obama presidency is tainted by Russian disinformation—Democratic Sens. Chris Van Hollen of Maryland and Richard Blumenthal of Connecticut are the recipients of the August 20 letters. The investigation that the Democrats have said is poisoned by Russian disinformation pertains to possible conflicts of interest in America’s Ukraine policy when Vice President Joe Biden’s son Hunter served on the board of Burisma.

A press release says that the two Democratic senators have “falsely claimed that Grassley and Johnson are relying on information from Andriy Derkach as part of their ongoing oversight, despite the chairmen’s clear denials of having any communication with Derkach.” The Republican Senators in their letters said that as far as they know the sole instance of disinformation injected into the investigation has come from Democrats. “Regarding reports that we have received ‘packages’ of information from certain Ukrainian nationals – that is false. Further, the only relevant disinformation that we are aware of are documents that Minority Leader Schumer, Senator Warner, Speaker Pelosi, and Chairman Schiff referenced in their recent letter that your Democratic colleagues have introduced into our investigation,” the senators wrote in the letters to their Democratic colleagues.

“For example, the Schumer letter references a document, created by a Ukrainian national that mentions our names along with other Republican senators and administration officials, to suggest falsely that we might have received information from this individual. Liberal media outlets have picked up that reference, clearly from a leak, even though we have not received any information from that person, including tapes, and we have publicly and privately stated as much. To repeat, the only document in our investigation that has been described as disinformation is a document that your Democratic colleagues, not us, introduced into the record. If you and your colleagues are so concerned about disinformation, why do you continue to promote it?” Johnson and Grassley asked.

This is so nuts it can only mean she herself is certified nuts.

• “I Have A Right To Make Sure That My Home Is Secure” (ZH)

[..] nothing compares to what just happened in Chicago whose Mayor Lori Lightfoot – best known for encouraging local BLM protests, going so far as saying that black lives are “more important that downtown corporations” after the unprecedented looting that took place last week – defended the Chicago Police Department’s ban on protesters being able to demonstrate on the block where she lives, telling reporters Thursday that she and her family at times require heightened security because of threats she receives daily. Yes, Mayor Lori is all about BLM protests… as long as they are literally not in her back yard. Lightfoot refused to elaborate on the specific threats according to the Chicago Tribune, but said she receives them daily against herself, her wife and her home.

Lightfoot also told reporters that comparisons to how the Police Department has protected previous mayors’ homes, such as Rahm Emanuel’s Ravenswood residence, are unfair because “this is a different time like no other.” “I think that residents of this city, understanding the nature of the threats that we are receiving on a daily basis, on a daily basis, understand I have a right to make sure that my home is secure,” Lightfoot said, failing to grasp the simplest truth that all citizens of “her” devastated city also have a right to make sure that their home is secure although unlike Lightfoot they don’t have the local police to protect them. Because when it comes to outrageous liberal hypocrisy, things get complicated.

Lightfoot and Chicago police Superintendent David Brown were asked at an unrelated news conference about a Tribune report noting police have banned protesters from demonstrating on her block in the Logan Square neighborhood, ordering officers to arrest anyone who refuses to leave. The directive surfaced in a July email from then-Shakespeare District Cmdr. Melvin Roman to officers under his command. It did not distinguish between the peaceful protesters Lightfoot regularly says she supports and those who might intend to be destructive, but ordered that after a warning is given to demonstrators, “It should be locked down.” Activists and police sources could not cite instances when the city repeatedly locked down her predecessor Emanuel’s block against protesters.

The Kenwood block where former President Barack Obama lived with his family when his primary residence was in Chicago was shut down for access only by residents after his election. But Lightfoot said such comparisons “don’t make any sense,” after Brown referenced the ongoing coronavirus pandemic – which she has repeatedly overriden as a concern when BLM protests are to be held – as well as civil unrest that have flared since the George Floyd killing at the hands of Minneapolis police. “I’m not going to make any excuses for the fact that, given the threats I have personally received, given the threats to my home and my family, I’m going to do everything I can to make sure they’re protected,” Lightfoot said. “I make no apologies whatsoever for that.”

It wasn’t clear if Lightfoot would apologize to all those millions of Chicago residents who – just like her – are trying to avoid threats against their own families by angry, violent looters; looters whose despicable actions Lightfoot has repeatedly turned her eyes away from in hopes of peak virtue signaling.

So what’s the plan, guys? Green jobs?

• 28 Million Americans on Unemployment Insurance, 17.5% of Labor Force (WS)

What happened in the latest reporting week for unemployment claims was disconcerting: “Initial” claims under state unemployment insurance programs by newly laid-off workers rose. And initial claims under the federal Pandemic Unemployment Assistance (PUA) program provided by the CARES Act that covers gig workers, also rose. This means that people lost their work at a faster rate than they did in the prior week. In terms of “continued” claims: The number of people on unemployment insurance (UI) under state programs (blue bars) declined, as some people returned to work. But the number of people on UI under federal and other programs (red bars) jumped. Combined, the number of people on UI under all programs ticked down by 199k to 28.06 million, the Labor Department reported this morning. It was the least catastrophic reading since mid-May, but still a horrendously huge number, representing about 17.5% of the labor force:

Blue columns: The number of people who continued claiming unemployment insurance under regular state programs fell by nearly 1 million to 14.27 million (not seasonally adjusted), continuing the fairly consistent downtrend that had started in May. Red columns: The number of people on UI under all federal programs and some other programs – after having fallen by 2.4 million last week – jumped by 737k to 13.79 million (not seasonally adjusted), driven by increases in federal Pandemic Unemployment Assistance (PUA) claims and in federal Pandemic Emergency Unemployment Compensation (PEUC) claims.

Initial claims under state programs, filed by newly laid off workers, caused some head-scratching this morning, because they “unexpectedly” rose – and they rose both on a seasonally adjusted basis (by 135k to 1.11 million) and on a not seasonally adjusted basis (by 53k to 892k). So we can’t blame some seasonal adjustments gone awry. This was the first increase since the week ended July 11:

Yves Smith.

• CEOs Get Big Pre-Bankruptcy Bonuses As Lenders and Employees Stiffed (NC)

Nothing like paying for failure. The Financial Times describes how CEOs who ran their companies into the ground are nevertheless rewarded with “retention bonus” payouts shortly before the business declare bankruptcy, often mere days ahead. The absurd rationale is that it is necessary to keep a failed CEO on in order to reduce disruption. It appears instead that boards would rather pay a rich and unwarranted premium to keep a bad known quantity around, perhaps due to personal allegiances to the incumbent or because they might actually have to rouse themselves to oust the dud leader and select a replacement. Are we to believe that the stipends these boards approve has any relationship with the market value of these CEOs, even charitably assuming someone would hire them after their companies collapses underneath them?

Are we to believe there was no able lieutenant worth a battlefield promotion? No retired industry greybeard who could be engaged for an eighteen month to three year gig? No one in the ranks of turnaround expert or “temp for hire” CEOs who would do? Even worse, some of these payments are flat out looting: “Brad Holly, Whiting’s chief executive who joined the company in November 2017, received $6.4m at the end of March under a new compensation plan approved by the board of directors, which he also chairs, less than a week before the company filed for bankruptcy. Whiting, which expects to emerge from Chapter 11 next month, said last week that Mr Holly would step down as chief executive when that happens and would receive an additional $2.53m in severance. In total, Whiting paid out more than $14m to executives just a few days before declaring itself bust. In a regulatory filing on April 1 the company said its pay plan was designed “to align the interests of the Company and its employees”.

$6.4 million for Holly for at most five months of babysitting bankruptcy lawyers? Seriously? Another example: “Briggs & Stratton’s board approved more than $5m in retention payments on June 11, including more than $1m to chief executive Todd Teske, who has led the company for a decade. Four days later the company failed to make a $6.7m interest payment on a bond due later this year, and on July 20 it filed for bankruptcy. On July 19, the company’s board voted to terminate the health and life insurance benefits of the company’s retirees… The company’s 2020 bond is now trading at just a few cents on the dollar, reflecting slim hopes of recovery.

Why are these losers who almost assuredly have nowhere to go being paid in advance? Why aren’t they instead getting $1 per year and working for a contingent payout to be paid when the company emerged from bankruptcy, say tiered based upon results versus specified targets? This is the sort of deal that someone who cared about salvaging the company, as opposed to his personal bottom line, should accept.

Facebook is the opposite of free speech.

• Facebook Delenda Est (Ben Hunt)

I’m pretty close to being a free speech absolutist. Or at least I have an old-school small-l liberal John Stuart Mill-esque belief in free speech, with an extremely high bar for the “harm” that speech must directly inflict on other citizens before a rightfully constituted government, based on the consent of its citizens, has a legitimate duty to regulate that speech. And I believe that the US Supreme Court has been pretty much spot-on with its free speech decisions like Brandenburg v. Ohio and R.A.V. v. City of St. Paul, where they said (roughly speaking) that even speech calling for violent protest against the government is protected speech and that hate speech isn’t a thing. Let me repeat that last one. The US Supreme Court has repeatedly held that hate speech is not a thing. I think this is exactly right.

To be clear, I also believe that a private organization has the right to apply hate speech standards (or any other speech standards) to its members, if those members have the ability to leave the private organization AND that organization does not enjoy unique government support. So, for example, if I choose to attend a private religious college, and they have rules against hateful/blasphemous speech, then it’s fine for them to kick me out when I start doing my hateful blasphemous speech thing. I’d never go to that college in the first place, and there are plenty of other schools I can attend. But if ALL colleges started imposing hate speech standards, or if the ONLY college started imposing hate speech standards, or if ANY public college started imposing hate speech standards … well, I’d have a real problem with any of these circumstances.

And I believe that a just government has a duty to intervene in these circumstances. Now I also believe that the US Supreme Court got it terribly, terribly wrong with Citizens United, where they decided (again, roughly speaking) that non-real life citizens – like corporations or other constructed legal entities – enjoy the same protections for political speech that real life citizens do. I’ll repeat that one, too. The US Supreme Court has held that constructed entities of pooled capital (corporations) or pooled labor (unions) or pooled political influence (parties) have the same protection for their political speech as unconstructed/unpooled you and unconstructed/unpooled me. I think this is nuts.

To be clear, I also believe that limitations on how much money or time real life citizens can spend on their political speech are similarly nuts. So, for example, I believe that really rich American citizens like Bill Gates or Jeff Bezos or George Soros or Charles Koch can spend as much money as they please – literally billions of dollars if they want – to proclaim whatever cockamamie political idea they want to proclaim. What is unacceptable in my view – but is exactly what Citizens United allows – is for really rich guys to spend unlimited amounts of money on political speech after they are dead, or (worse!) for corporations and unions and parties to spend unlimited amounts of other people’s money on political speech, with the same legal protections as real life citizens.

Government does not exist to protect the rights of a dead rich guy’s money. Government does not exist to protect the rights of corporations, unions and political parties. Government EXISTS to protect the unalienable rights of its citizens, and that among these are life, liberty and the pursuit of happiness.

Because “we” are so much smrter than God.

• Florida To Release 750 Million Genetically Modified Mosquitoes (BBC)

Local officials in Florida have approved the release of 750 million mosquitoes that have been genetically modified to reduce local populations. The aim is to reduce the number of mosquitoes that carry diseases like dengue or the Zika virus. The green-lighting of a pilot project after years of debate drew a swift outcry from environmental groups, who warned of unintended consequences. One group condemned the plan as a public “Jurassic Park experiment”. Activists warn of possible damage to ecosystems, and the potential creation of hybrid, insecticide-resistant mosquitoes. But the company involved says there will be no adverse risk to humans or the environment, and points to a slate of government-backed studies.

The plan to release the mosquitoes in 2021 in the Florida Keys, a string of islands, comes months after the modified mosquitoes were approved by federal regulators. In May, the US Environmental Agency granted permission to the British-based, US-operated company Oxitec to produce the genetically engineered, male Aedes aegypti mosquitoes, which are known as OX5034. Aedes aegypti mosquitoes are known to spread deadly diseases to humans such dengue, Zika, chikungunya and yellow fever. Only female mosquitoes bite humans because they need blood to produce eggs. So the plan is to release the male, modified mosquitoes who will then hopefully breed with wild female mosquitoes.

However the males carry a protein that will kill off any female offspring before they reach mature biting age. Males, which only feed on nectar, will survive and pass on the genes. Over time, the aim is to reduce the population of Aedes aegypti mosquitoes in the area and thereby reduce the spread of disease to humans.

A -large- group of ravens is called an unkindness of ravens, or a conspiracy of ravens.

• ‘Bored’ Ravens Straying From Tower Of London Signal Monarchy May Fall (G.)

A lack of tourists is driving the ravens at the Tower of London to boredom and causing them to fly away. Legend has it the monarchy and the Tower of London will fall if its six resident ravens leave the fortress. The birds, known as the guardians of the tower, are shrouded in myth and live in lodgings on the South Lawn. There are seven in total – the required six, plus one spare. The tower closed on 20 March and reopened five weeks ago. However, few tourists have returned. Summer visitor numbers would usually exceed 15,000 but because of the coronavirus pandemic, they have fallen to fewer than 800 a day. As a result, the birds are restless for more company.

With a lack of regular tourists, the birds have been venturing away, according to those who work there. Christopher Skaife, a raven master, told the Sun: “If the ravens were to leave, the tower would crumble to dust. The tower is only the tower when the people are here. “The ravens have always been so important … because they’ve been surrounded by myths and legends. We really need people to come back to help the ravens.” The seven ravens are Jubilee, Harris, Gripp, Rocky, Erin, Poppy and Merlina. They are free to roam the tower precincts in the day and preside over four territories within its walls.

Charles II is thought to have been the first to insist that the ravens of the Tower be protected after he was warned the crown and the tower would fall if they left. Skaife said during lockdown they got bored and lonely because there were no full bins to rummage or people bringing them food. He encouraged the Beefeaters who guard the building to throw them their leftovers. Skaife said: “It’s been tough because the ravens only saw me or one warden walking by during the lockdown. They depend on tourists. “Never in a raven’s history have we seen fewer people in the Tower of London. Even in world war two, there were still hundreds in and around.”

Beefeaters and a resident raven. Photo: Lynn Fergusson/Reuters

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China building about 21.4 million vehicles annually; wide gap for next-largest producer, as Japan only makes 8.3 million each year (U.S. has gone from 2nd to 6th place over past 20 years).

If Japan were in the Atlantic, it would stretch the length of the American coastline.

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Update on COVID Treatments

Aug 202020

August 20, 2020 Posted by Raúl Ilargi Meijer at 6:43 pm Finance Tagged with: Alam, azithromycin, coronavirus, Covid19, doxycycline, Dr. Raoult, Fauci, hydroxychloroquine, ivermectin, John Day, MedCram, Seheult, Vitamin D, zinc 4 Responses »

Édouard Manet Woman with a jug 1858-60

John Day is one of the “resident physicians” at the Automatic Earth, who posts on a very regular basis in our Comments section.

I asked him recently for an update of preferred treatments for Coronavirus/COVID19, because I noticed new treatments being discussed, in particular ivermectin/doxycycline, which appeared to be taking the place of hydroxychloroquine/azithromycin in some cases.

As per John, below, there doesn’t seem to be much difference; that is, both do fine, if and when applied in timely fashion. In combination with zinc, of course. Azithromycin and doxycycline are antibiotics.

We’ve been discussing HCQ for a long time here, and John’s been a fan since even before he started treating patients with it.

Did you notice that the first criticisms of HCQ in the US et al were all about the death risk, and now that’s totally gone, and people like Fauci only claim it’s ineffective?! And it probably is, if taken too late, or without zinc, but have you ever seen Fauci mention zinc in the discussion?

An estimated 200 million Africans were given chloroquine as a malaria drug since the 1960s, and there’s not one report I’ve seen of people dying from it. It’s still prescribed for rheumatoid arthritis and lupus, no reports of significant numbers of deaths there either.

John provides an overview here of recent developments, reports etc., which is of necessity always in transition. Keep on checking back. Delve in deep or just scan for essentials.

Even earlier than HCQ and ivermectin, and as John again repeats, you need vitamin D, which is essential for strenghtening the linings of blood vessels and lymphatic vessels, and is sort of your first defense against a potential infection with a virus that attacks exactly those, before it happens. Boost your vitamin D levels as a precaution; it’s cheap and effective.

But I’m not the doctor, John is:

John Day: This is a lot, folks, and I did not really delve into use of high dose steroids, ventilators and paralyzing medicines in hospital treatment. We should be avoiding that whole scenario. I remember when AIDS became a disease for outpatient treatment. That was dramatic. Pills that worked made it possible.
http://www.johndayblog.com/2020/08/update-on-available-covid-19-treatments.html

Roger Seheult MD Discusses the role of vitamin-D in helping the body fight the effects of SARS-CoV-2 virus, with special focus on the arterial lining, the endothelium, where the battle for life is fought. Recent paper has more vitamin-D data, and it’s all the same, just more. Take 5000 units per day, or whatever it takes to get your level above 60. He recommends 50,000U initial dose for all hospitalized patients.

Look at 11:30 to 13:30 (the last 2 minutes) for specifics on vitamin-D in hospital by this critical care pulmonologist. This COVID-19 update series is excellent!

JCEM paper cited in lecture: https://academic.oup.com/jcem/article/97/8/2792/2823373

Charoenngam/Holick paper cited in lecture: https://www.researchgate.net/publication/342970598_Immunologic_Effects_of_Vitamin_D_on_Human_Health_and_Disease

This is a comprehensive aggregation of papers relating directly to Vitamin-D levels and supplementation in COVID-19 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7276229/

This much cited Indonesian study , reported in June, is included in the above analysis, and is worth its own link: https://emerginnova.com/patterns-of-covid19-mortality-and-vitamin-d-an-indonesian-study/

My general advice for people over 100# is to take 5000 units of vitamin-D daily, long term, unless you have not been taking it, in which case, take 10,000 units vitamin D3 daily until Thanksgiving or Christmas or New Years Day or something. If you weigh 80# take 4000 units per day, 60# gets 3000 units, etc.

This is the influential study from Bangladesh, reported in July, which prompted the Indian state of Uttar Pradesh to change from hydroxychloroquine/azithromycin to ivermectin/doxycycline. It explains the known antiviral mechanisms at work very well.

A Case Series of 100 COVID-19 Positive Patients Treated with Combination of Ivermectin and Doxycycline
https://www.researchgate.net/publication/343305357_A_Case_Series_of_100_COVID-19_Positive_Patients_Treated_with_Combination_of_Ivermectin_and_Doxycycline

Dr Alam’s randomized, controlled follow-up trial is approved and funded and underway

Dr. Alam Gets his Randomized Controlled Trial Approved by the Bangladesh Medical Research Council

This paper explains that ivermectin blocks a transport mechanism that viral RNA and proteins need to get from the cytoplasm, into the nucleus, where the machinery for viral replication exists. Ivermectin turns the nuclear-membrane into a wall against coronavirus, and some other viruses, too. The broad spectrum antiviral ivermectin targets the host nuclear transport importin ±/≤1 heterodimer
https://pubmed.ncbi.nlm.nih.gov/32135219/

Ivermectin helped sick hospitalized patients in Florida survive, especially some of the sickest ones. Conclusions and Relevance: Ivermectin was associated with lower mortality during treatment of COVID-19, especially in patients who required higher inspired oxygen or ventilatory support. These findings should be further evaluated with randomized controlled trials.
https://www.medrxiv.org/content/10.1101/2020.06.06.20124461v2

More News on Dr. Borody’s Ivermectin proposal

More News on Dr. Borody’s Ivermectin proposal

Here is my essay on the sick husband and wife I treated with Ivermectin, zinc and doxycycline last week. She gets nauseated from the zinc, but they both got out of crisis right away. He still feels tired and coughs.
http://www.johndayblog.com/2020/08/first-good-news.html

A randomized trial of ivermectin/doxycycline, vs hydroxychloroquine/azithromycin in COVID-19 patients (I see no reason not to use both ivermectin and hydroxychloroquine. Mechanisms of action would be complementary. It is being proposed and has been done.)
This trial found the treatments to be similarly well tolerated and similarly beneficial.(Ivermectin was better, not to statistical significance.)
https://www.researchsquare.com/article/rs-38896/v1

A compilation of hydroxychloroquine studies treating COVID-19, and in-vitro studies, to date and summarized. Thanks Marc.
https://c19study.com/?fbclid=IwAR0hvH_xb2dsr3kvmiFnog1y57p34Ml09S5DzBxoktFpvyEncrYvseMIzM4

Hydroxychloroquine + azithromycin + zinc got more patients home from the hospital than hydroxychloroquine + azithromycin without zinc:
https://www.medrxiv.org/content/10.1101/2020.05.02.20080036v1

Dr Raoult’s large scale and successful study of hydroxychloroquine and azithromycin. (Not randomized with a placebo arm, since people were dying and placebo was already known to the investigators to lead to more deaths than treatment.) Outcomes of 3,737 COVID-19 patients treated with hydroxychloroquine/azithromycin and other regimens in Marseille, France: A retrospective analysis.

Treatment with HCQ-AZ was associated with a decreased risk of transfer to ICU or death (Hazard ratio (HR) 0.18 0.11-0.27), decreased risk of hospitalization e”10 days (odds ratios 95% CI 0.38 0.27-0.54) and shorter duration of viral shedding (time to negative PCR: HR 1.29 1.17-1.42). QTc prolongation (>60/ ms) was observed in 25 patients (0.67%) leading to the cessation of treatment in 12 cases including 3 cases with QTc> 500/ ms. No cases of torsade de pointe or sudden death were observed.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7315163/

Here is an ongoing prospective, randomized American study, which does assign people to HCQ/Azithromycin or clever placebo pills.
Zinc is not part of it.
https://clinicaltrials.gov/ct2/show/NCT04358068

Here is Gummi Bears’ “Deep Dive on Hydroxychloroquine” from last month. Scroll down 2/3 of the way and see the national responses to initiation of HCQ/Azithro treatment in Brazil, Algeria and Morocco. Deaths plateau in 10 days, while cases keep rising to a much later plateau.
https://threadreaderapp.com/thread/1283840177497088001.html

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Debt Rattle August 20 2020

Aug 202020

August 20, 2020 Posted by Raúl Ilargi Meijer at 10:02 am Finance Tagged with: Assange, Biden, Clinesmith, Convention, coronavirus, Covid19, gold, Iraq War, lockdown, mail-in, Operation Legend, Snowden, Trump, UBI 28 Responses »

Pierre-Auguste Renoir The Return of the Boating Party 1862

• Clinesmith Pleads Guilty In First Criminal Case Arising From Durham Probe (Fox)

• Clinesmith Gets The Wolfe Plea Deal… (CT)

• You Would Never Get The Deal That Clinesmith Got (SAC)

• Operation Legend: Over 200 Charged With Federal Crimes, 1,000 Arrested (Fox)

• Judge Orders New Election In New Jersey Race Cited For Mail-In Fraud (Hill)

• Iraq War Cheerleaders Front & Center At Last Night’s DNC AC)

• You Don’t Have To Be Excited (Sirota)

• History Is On Edward Snowden’s Side (Hill)

• New Zealand Lockdown Unlawful For First Nine Days, High Court Finds (NZH)

• Gold Pressures Empire (Brown)

• Germany Launches Universal Basic Income Experiment (ZH)

• Brilliant Trump Puts Himself On All Postage Stamps (Babylon Bee)

• Biden: ‘I Don’t Have Alzheimer’s, Dementia, Or Alzheimer’s’ (Babylon Bee)

US new cases now remain consistently lower than they’ve been since the last week of June. Surely a positive sign.

But the global trend looks very different.

Grenell LBGT issues

President @realDonaldTrump made history for #LGBT Americans — and nobody knows that better than @RichardGrenell. #GetOUTspoken pic.twitter.com/HJhY5kSuh0

— LogCabinRepublicans (@LogCabinGOP) August 19, 2020

There’s a feeling that people in the DOJ conspire with the FBI to single out Clinesmith, paint him as a lone wolf, and leave his superiors, which also include Mueller and Weissmann, alone.

That constitutes an enormous risk for the credibility of the DOJ, the FBI, and the entire US judicial system. For better or for worse, the right will simply not accept it.

• Clinesmith Pleads Guilty In First Criminal Case Arising From Durham Probe (Fox)

Former FBI lawyer Kevin Clinesmith pleaded guilty Wednesday in federal court to making a false statement in the first criminal case arising from U.S. Attorney John Durham’s review of the investigation into links between Russia and the 2016 Trump campaign. U.S. District Judge for the District of Columbia James Boasberg accepted the plea. Clinesmith’s sentencing date has been set for Dec. 10 at 11 a.m. ET. Durham’s office on Wednesday said that Clinesmith’s guilty plea was to “one count of making a false statement within both the jurisdiction of the executive branch and judicial branch of the U.S. government, an offense that carries a maximum term of imprisonment of five years and a fine of up to $250,000.”

Clinesmith was referred for potential prosecution by the Justice Department’s inspector general’s office, which conducted its own review of the Russia investigation. The inspector general accused Clinesmith, though not by name, of altering an email about former Trump campaign adviser Carter Page to say that he was “not a source” for another government agency. Page has said he was a source for the CIA. The Justice Department relied on Clinesmith’s assertion as it submitted a third and final renewal application in 2017 to eavesdrop on Page under the Foreign Intelligence Surveillance Act.

During the plea hearing, Boasberg asked Clinesmith to affirm that he “intentionally altered an email, and added language” that “individual number one” was “not a source…and you knew that statement was in fact not true.” Clinesmith replied, “At the time I thought the information I was providing was accurate, but I am agreeing the information I inserted was not originally there, and I inserted the information.” Boasberg went on to ask: “You intentionally altered the email to insert information that was not originally in the email?” “Yes, your honor,” replied Clinesmith.

Looks like he got a sweetheart plea deal without giving up anything for it.

• Clinesmith Gets The Wolfe Plea Deal… (CT)

As noted in the DOJ press release: “Former FBI attorney Kevin Clinesmith, 38, pleaded guilty today in the U.S. District Court for the District of Columbia to a false statement offense stemming from his altering of an email in connection with the submission of a Foreign Intelligence Surveillance Act (“FISA”) application.” Despite the falsification of court documents within a FISA document; and despite the likelihood of an intentional conspiracy to commit fraud upon the court in order to obtain a Title-1 surveillance warrant against the Trump campaign – via Carter Page; the DOJ entered into a plea agreement on a single count of lying to federal officers. The agreement holds a maximum penalty of zero to six months in federal prison and a $250k fine.

This is the same plea agreement the DOJ (DC U.S. Attorney) previously gave to the Senate Intelligence Committee Security Director James Wolfe, who leaked the SAME, earlier, top-secret classified FISA application to the media on March 17, 2017. Judge James Boasberg noted early in the phone hearing that he is “currently the presiding judge for the Foreign Intelligence Surveillance Court,” but that “this case, however, is a criminal case, it is not a FISC case, and it is a case that was randomly assigned.” As anticipated Boasberg said the FISA court could be seen as a “victim” in the case, but also said he would preside over the case fairly without recusing himself. He stated if either the defense or prosecution wanted him to recuse, then he would. Neither party requested.

Judge Boasberg noted the maximum penalty for a single false statements charge was five years in prison but the sentencing guideline calls for zero to six months. Sentencing is scheduled for December 10, 2020, after the election, at 11am. [..] From the nature of the plea, and the defense arguments in court and public, it is obvious there is no arrangement for Clinesmith’s assistance or cooperation on other investigative matters. This does not bode well for the proper administration of justice….

How dumb is Clinesmith?

• You Would Never Get The Deal That Clinesmith Got (SAC)

Judge James E. Boasberg of the federal district court in Washington, D.C.who oversees the case reminded Clinesmith that he had the right to a trial by jury, which Clinesmith declined. Boasberg accepted his guilty plea Wednesday and scheduled a Dec. 10, sentencing hearing. Clinesmith’s lawyers reiterated that their client deeply regretted his actions which were not intentional but none-the-less were in violation of the law. What? Let’s talk about what Clinesmith did and think about what would happen to you if you lied on a document like a FISA warrant? Wait, look at what happened to Trump friend and advisor Roger Stone who was accused of lying to Congress (by the way, former CIA director John Brennan, former DNI James Clapper and a litany of others blatantly lied to Congress and are now selling books on Amazon).

Clinesmith didn’t just tell a small lie, he specifically omitted information that allowed the FBI to spy on a presidential campaign for political reasons. He had worked at the FBI for four years and was a subordinate that was made the fall guy by FBI leadership. He altered an email he received from the CIA in 2017 that showed Page was in no way a Russian asset and that he was an asset for the CIA. The Judges at the FISC court approved the application to wiretap Page, according to court records and numerous investigations. He altered an official government email indicating that Page wasn’t “a source” for the CIA, when it originally said he was. WOW! Folks, that is no small crime.

More than 100 participants listened in to the court ‘plea agreement hearing’ Wednesday and listened as Clinesmith waived his right to a trial by jury. He is expected to get only six months or less for altering the FISA application, which is considered one of the most classified documents pertaining to national security and its contents must be validated thoroughly by the FBI before being submitted to the court. “Mr. Clinesmith you understand we’ve already talked about your jury rights,” said Boasberg. He then said do you understand your decision to waive your rights to a jury?” “Yes, your honor,” said Clinesmith.

What about all those above Clinesmith, who absolutely ordered him to operate the way he did and who tacitly approved his omission in the FISA application. Clinesmith is nothing more than the fall guy. He’ll serve a short sentence for a massive crime against our nation and duly elected president.

Obamagate

Welcome, Barack and Crooked Hillary. See you on the field of battle! pic.twitter.com/ZrTKXcc6aU

— Donald J. Trump (@realDonaldTrump) August 19, 2020

Peaceful protesters one and all.

• Operation Legend: Over 200 Charged With Federal Crimes, 1,000 Arrested (Fox)

At least 217 people have been charged with a federal crime, and more than 1,000 arrests have been made in major metropolitan cities since the Department of Justice launched Operation Legend in July, U.S. Attorney General William Barr announced on Wednesday. Nearly 400 firearms have been seized by the Bureau of Alcohol, Tobacco, Firearms and Explosives. Barr launched Operation Legend on July 8 as “a sustained, systematic and coordinated law enforcement initiative in which federal law enforcement agencies work in conjunction with state and local law enforcement officials to fight violent crime,” the DOJ said in a release.

It was named in honor of 4-year-old LeGend Taliferro, who was shot and killed while he slept in the early morning of June 29 in Kansas City, Mo. Last week, a Jackson County prosecutor announced second-degree murder charges against his suspected killer, 22-year-old Ryson Ellis, who was being held in Tulsa County Jail. “LeGend is a symbol of the many hundreds of innocent lives that have been taken in the recent upsurge of crime in many of our urban areas,” Barr said at a press conference in Kansas City. “His life mattered and the lives of all of those victims matter. His name should be remembered and his senseless death, like those of all the other innocent victims in this recent surge, should be unacceptable to all Americans.”

Barr said the federal government has dispatched to nine U.S. cities more than 1,000 additional agents from the FBI, ATF, Drug Enforcement Administration and U.S. Marshals Service to work shoulder to shoulder with state and local partners on homicide and assault squads to crack cases. The government has also allocated $78.5 million in grants to support additional police positions, hire more prosecutors and improve technology to solve firearms crimes. “We saw one result of those efforts last week when Kansas City Police arrested the suspected murderer of LeGend,” Barr said. “This arrest will not bring LeGend back but it will make his case an example of how we can come together to take violent criminals off the street and to make our communities safer.”

Election result in August 2021?

• Judge Orders New Election In New Jersey Race Cited For Mail-In Fraud (Hill)

A New Jersey judge on Wednesday ordered a new election for a Paterson City Council seat whose apparent winner has been charged with voter fraud. State Superior Court Judge Ernest Caposela ruled Wednesday that the new election will be held in November, The Associated Press reported. Alex Mendez appeared to have won the May 12 special election, but the U.S. Postal Service’s law enforcement branch said hundreds of mail-in ballots had been found in a Paterson mailbox. The Passaic County Board of Elections ultimately discounted 800 ballots. In June, Mendez and Paterson Council Vice President Michael Jackson were charged with voter fraud.

Officials also charged two other men, Abu Rayzen of Prospect Park and Shelim Khalique of Wayne, according to the AP. Lawyers for Councilman William McKoy, Mendez’s opponent, secured an injunction against Mendez being sworn in. All four defendants have denied the charges. President Trump has seized on the case, saying allowing nationwide mail-in voting in the fall election will lead to a similar scenario. In June, he cited the case, saying that comparatively, “Absentee Ballots are fine,” although many states make no such distinction between absentee and mail-in voting. The president’s reelection campaign on Tuesday sued the state in an attempt to stop plans to conduct the election predominantly by mail.

The virtual war party. Why AOC was snubbed: a giant move to the right is how the Dems see themselves win. They feel they have BLM and #MeToo in their pocket, so now they can leave them behind.

• Iraq War Cheerleaders Front & Center At Last Night’s DNC AC)

Democrats want to woo disaffected Republican and independent voters. But the degree to which the DNC convention prime time speaking slots favored defecting Republican neocons like Cindy McCain, John Kasich and Colin Powell over upstart fresh-faced Democrats like Julián Castro, Rep. Pramila Jayapal or Rep. Ayanna Pressley, was jarring; unabashed support for the Iraq War seemed to be the main thread that connects these erstwhile Republicans with Democrat speakers like Hillary Clinton and John Kerry. On the first night, in a speech recorded at a literal crossroads in Westerville, Ohio, former Ohio governor John Kasich, said, “I’m a lifelong Republican, but that attachment holds second place to my responsibility to my country. That’s why I’ve chosen to appear at this convention. In normal times, something like this would probably never happen. But these are not normal times.”

Kasich was followed by former Gov. Christine Todd Whitman (R-N.J.), former Rep. Susan Molinari (R-N.Y.) and former Hewlett-Packard and eBay CEO and failed Republican gubernatorial candidate, Meg Whitman. Ostensibly, the purpose of this procession of former Republicans was to solidify Biden’s ranking with independent voters on the fence, but activists on the left were quick to notice the snub given their own compatriots’ positions. “The party should be focused on energizing Democratic voters rather than using their convention to reassure billionaires, corporate donors and Republican lobbyists that they won’t actually try to challenge the status quo,” said David Sirota, a former speechwriter for Senator Bernie Sanders and editor of Jacobin magazine.

While the left’s rising star Rep. Alexandria Ocasio-Cortez (D-N.Y.) was given just a minute to speak, wherein she endorsed Bernie Sanders, Iraq War supporters and cheerleaders were prominently featured: failed Democratic presidential candidate and Obama’s former Secretary of State John Kerry unabashedly intoned that Joe Biden “knows you can’t spread democracy around the world, if you don’t practice it at home.” Gen. Colin Powell, chiefly remembered for his 2003 speech to the United Nations packed with lies about WMDs to justify the U.S. invasion of Iraq, said Biden would “restore… values to the White House.” Sen. John McCain’s widow Cindy McCain also endorsed the long-time Delaware Senator, while former Secretary of State Hillary Clinton will endorse him Wednesday night.

Sirota is sticking out his neck, and it won’t be appreciated that he tears into his own party, but he’s also still stuck in “but Trump is so much worse” mode.

• You Don’t Have To Be Excited (Sirota)

I’m wondering because this isn’t how it’s supposed to be. I’m told I should be bouncing up in the morning, uplifted by the Democratic convention and its promise of a new era soon — 75 days. But at least for me, watching the cable TV snippets, the convention speeches and the celebratory Twitter dunks has left me with that feeling you get after eating junk food — full, but not nourished, bloated, tired and vaguely nauseous. I’ve worked on a lot of Democratic campaigns, wins and losses. I’m literally married to a Democratic elected official. Over 20 years, I’ve put in an almost embarrassing amount of time working to support the Democratic Party.

So these feelings are somewhat new for me, and I don’t think I’m having them just because Democratic officials decided to turn this year’s convention into a promotional platform for Republican icons who attacked unions, laid off thousands of workers, promoted climate denial, endangered 9/11 survivors and lied us into a war that killed hundreds of thousands of people. I’m also not glum just because the Democrats’ presidential standard-bearer is often an uninspiring mishmash of incoherent here’s-the-deal colloquialisms that mean nothing. I think the despair is deeper — and has something to do with the now-yawning gap between social expectation and reality.

Right now, if you are following politics at all, you are asked to feel chipper and energized. We are expected — no, required — to conjure 2008-level enthusiasm during this even darker time than the financial crisis, all so that we can move into a new, glorious moment of Hope™. Enthusiasm, though, comes from the assumption that the process is authentic and that what we’re told by our leaders is real. But that feeling has waned, because there is no pretense. For all the high-minded rhetoric, everyone on all sides of this situation — and I mean literally everyone — knows that Democratic politics today is more about brand and pantomime than about power and legislative action. You may not say it out loud, you may not like thinking about it — but I’m not telling you anything you don’t know, because somewhere deep down in there, everyone senses the fraudulence at hand.

Minds are wiped and Iraq War architects become Resistance heroes and Democratic convention speakers. Memories are scrubbed and Wall Street thieves become Democratic economic gurus and treasury secretaries. Amnesia takes hold and the Democratic governor of Mount Covid becomes a pandemic mancrush. Democrats lose a presidential campaign to Donald Trump by defending the Washington establishment — and now four years later they are running the same Washington valor campaign again, telling themselves they’re too legit to quit, baby.

If someone can explain the logic to me of pardoning Snowden but not Assange, I’m game.

• History Is On Edward Snowden’s Side (Hill)

It is an addictive tendency in politics to feel a sense of history about what it is one is fighting for. Everyone wants to believe that their heroes from ages past are smiling down on them while simultaneously rolling in their graves at the sight of whatever the opposition is doing. But the fact of the matter is that the vast network of scandal-ridden government agencies, clandestine secret courts, and diabolically unconstitutional statutes trying to destroy Snowden hails from a particularly dark, shameful chapter of America’s past. Snowden stands accused of violating the Espionage Act of 1917, championed by then-President Woodrow Wilson. Passed just two months after America’s entrance into World War I, the law sought to silence criticism of the war effort and crush dissent within the ranks of the armed forces.

In his State of the Union address just two years earlier, Wilson begged Congress to pass it, declaring, “Such creatures of passion, disloyalty, and anarchy must be crushed out… they are infinitely malignant, and the hand of our power should close over them at once.” Now the law has withstood over a century of criticism and legal challenges from civil liberties advocates, and the misery it has inflicted on countless Americans has proven painfully obvious. In 1918, antiwar activist Charles Schenck was arrested for distributing flyers encouraging men to resist the draft. That same year, socialist Eugene V. Debs was sentenced to ten years in prison, deprived of his citizenship, and disenfranchised for life over nothing more than a speech he made criticizing the war. In January 1919, however, the Supreme Court dealt a devastating blow to freedom of speech by concluding that neither’s arrest constituted a violation of the First Amendment.

And these are far from the only people to have been victimized by the very law being used to terrorize Snowden today. A search for just a few of the more well-known cases will yield the stories of journalist Victor L. Berger, activists Emma Goldman and Alexander Berkman, former U.S. Army soldier Chelsea Manning, and former Defense Intelligence Agency (DIA) employee Henry Kyle Frese. Discussing recent events in an April 2020 interview with journalist and constitutional lawyer Glenn Greenwald, Snowden warned, “Now, the only thing we have left — our rights, our ideals, our values as people — that’s what they’re coming for now, that’s what they’re asking us to give up, that’s what they’re wanting to change. And remember that, from the perspective of a free society, a virus is a serious problem… but the destruction of our rights is fatal — that’s permanent.”

Unlawful but the right thing to do. Yeah, you’re really helping.

• New Zealand Lockdown Unlawful For First Nine Days, High Court Finds (NZH)

The first nine days of lockdown were unlawful, a High Court decision says. New Zealanders were not actually required by law to stay at home in their bubbles until April 3, more than a week into lockdown, today’s ruling has found. “Even as this country returns to a state of semi-lockdown, there is one thing on which most commentators are agreed. The decisions taken by the New Zealand Government in March this year to “go hard and go early” were the right ones,” said the High Court decision, released this afternoon. “Even in times of emergency, however, and even when the merits of the Government response are not widely contested, the rule of law matters.” That was why Wellington lawyer Andrew Borrowdale sought a judicial review of the lockdown decision, asking for declarations of illegality in relation to three aspects of the Government’s initial Covid-19 response.

People like to blame the rise of gold on the demise of the dollar. But is it really the weakest horse in the glue factory?

• Gold Pressures Empire (Brown)

Before COVID and since the repo crisis of 2019 the stability and safety of the US financial system has increasingly come into focus. The US financial system has been forced to lower real interest rates to real negative territory, causing gold to look more attractive than holding increasingly worthless US dollars, since gold has intrinsic value when the US dollar has none. Instead of a classic store for inflationary dollars, the new demand for settlement in real bullion threatens the existence of the US gold exchange (COMEX) and threatens serious financial loss for the largest global players, including HSBC, JP Morgan, and UBS. Even Goldman Sachs has warned of this threat.

So… what has changed? It appears that some new element is at work. As explored in a prior article, the US regime’s new cold war versus China has caused that country to re-assess its relationship to US assets. China began divesting itself of US debt instruments in 2019. And, seldom reported in the west, China has recently escalated its effort to divest itself of US public debt (Treasury) holdings in 2020. In tandem with improved convertibility of the yuan (CNY) intel sources indicate that China may be the second largest holder of gold globally. Likewise, China may be using gold as a medium of exchange to avoid the aforesaid weaponization of the US dollar so favored by the current US regime. Even so, the foregoing does not fully explain the events we are seeing.

Traditionally the Federal Reserve and their dealers have controlled gold to limit central bank losses and prevent gold from effectively competing with or displacing the US dollar as a primary trusted monetary medium. But someone or some entity somewhere is now battling the US central bank for that control. Bottom line, monetary realists as observers still don’t understand why the historic central bank market manipulation of gold is presently failing. The US Central Bank must suppress the price of gold or face catastrophic losses that will cause an escalating downward spiral in the standing of the US dollar. [..] Regardless, argue, ignore, or deny it… the golden rule, “He who hath the gold rules” is as true now as it has ever been. The problem arises when that being of real value is supplanted by illusion. And it is only the illusion we have seen since August, 15th, 1971.

One “experiment” with a group of 120 people, the other with 668. The term “universal” is apparently very hard to understand. But it’s in UBI for a reason.

• Germany Launches Universal Basic Income Experiment (ZH)

Germany is about to try their hand at a universal basic income (UBI), after 1,500 people signed up for a three-year study to observe the effects on the economy and the wellbeing of the recipients, according to Business Insider. Of those who signed up, 120 individuals will receive the equivalent of US$1,430 per month for three years – just above Germany’s poverty line. Their lives will be compared to the remaining 1,380 people who will not receive the payments. The participants will be asked to complete questionnaires about their lives – including their emotional state and their work status, to see if UBI has had a meaningful impact.

Of course, as we and others have noted over and over and over, UBI experiments typically end in disaster. That said, it really helps if you’ve got a giant printing press and happen to be the world’s reserve currency during a pandemic (and for how long?). The study will also seek to determine whether UBI is a disincentive to work, or whether people will continue to ‘do fulfilling work, become more creative and charitable, and save democracy,’ according to the study’s lead investigator, Jürgen Schupp. Germany’s experiment has been funded by 140,000 private donations, and is being conducted by the German Institute for Economic Research.

“Universal basic income is the idea that a government should pay a lump sum of money to each of its citizens, usually once a month, regardless of their income and employment status, effectively replacing means-tested benefits. Its proponents argue that it would reduce inequality and also improve public wellbeing by providing people with more financial security. Its opponents say it would be too expensive and discourage people from going to work. The idea has gained traction in recent years amid recent financial crises and growing inequality in some Western countries.” -Business Insider

“A pro-basic income lobby group called Mein Grundeinkommen is funding the experiment. The group has used donations from its supporters to fund monthly €1,000 ($1,194) payments of for 668 people since 2014. Finland experimented its with own form of Universal Basic Income for nearly two years between January 2017 and December 2018 but concluded that while it led to people out of work feeling happier, it did not lead to increased employment, the BBC reported. During the experiment, 2,000 unemployed Finns received €560 ($667) a month.” -Business Insider

“..forcing the Democrats to reverse course and abolish the USPS once and for all.”

• Brilliant Trump Puts Himself On All Postage Stamps (Babylon Bee)

..Forcing Democrats To Push For Abolishing USPS

Sources are reporting that Trump has dealt a killer blow in his ongoing war against his sworn enemy, the U.S. Post Office. In a move of sheer, mind-blowing brilliance, Trump directed the Post Office to put his face on every single stamp, forcing the Democrats to reverse course and abolish the institution once and for all. The new stamp, dubbed “The Trump-Stamp,” to be used on all pieces of mail features a smiling Donald Trump, with the caption “GREATEST PRESIDENT EVER.” Don Lemon broke the news in a tearful address to the nation last night. “Our democracy is over,” he said. “It doesn’t exist anymore. I will never send another piece of mail ever again, and neither should you or else you’re a racist.” Antifa and BLM responded by marching on local post offices and burning them down. Enthusiastic Trump supporters quickly bought up all the stamps. They are now selling for $3,000 apiece online.

“Oh, and he also cleared me of Alzheimer’s.”

• Biden: ‘I Don’t Have Alzheimer’s, Dementia, Or Alzheimer’s’ (Babylon Bee)

In a recent live stream, Joe Biden proudly declared that his physician had cleared him of Alzheimer’s, dementia, and Alzheimer’s. “My doc says I don’t have Alzheimer’s, dementia, or Alzheimer’s,” he said confidently. “Oh, and he also cleared me of Alzheimer’s.” Aides could be heard scrambling around to try to cut the video feed. “Yep — completely clear of Alzheimer’s, dementia, and Alzheimer’s,” he said. “Wait – who are you people? What are all these cameras doing here? Who am I? WHO AM I!?!?!” At the end of the video, after aides finally calmed him down but before they were able to cut the feed, Biden added, “My doc says I don’t have Alzheimer’s, dementia, or Alzheimer’s.” The Press quickly praised the speech as one of Biden’s most coherent.

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Video Carl Jung

“We need to understand psychology because the only real danger that exists is man himself”—Carl Jung, 1959 pic.twitter.com/KIbcKYSOqx

— Brian Roemmele (@BrianRoemmele) August 20, 2020

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Debt Rattle August 19 2020

Aug 192020

August 19, 2020 Posted by Raúl Ilargi Meijer at 9:43 am Finance Tagged with: AOC, Assange, Atlantic Ocean, Bernie, Biden, Clinesmith, coronavirus, Covid19, DOJ, immunity, interference, Mueller, plastic, Trump, vaccine, Weismann 24 Responses »

Wassily Kandinsky Autumn Landscape with Boats 1908

• Chinese Regulator: Vaccines Must Have 50% Efficacy, 6 Months Immunity (SCMP)

• Brennan, Strzok and DOJ Needed Assange Arrested – And UK Officials Obliged (CT)

• The Big Story Behind The Mueller Special Counsel Purpose (CT)

• Senate Panel Releases Final Report On Russian Interference In 2016 (ZH)

• Will the Dam Break After Clinesmith’s Plea? (RCP)

• Justice Delayed or Denied? A Response To Weissmann And Goodman (Turley)

• The Specter of a Fascist Coup by Trump Haunts the US (MPN)

• The Plot Against The President (HR)

• AOC ‘Snubs’ Joe Biden In Speech Nominating Bernie Sanders (Ind.)

• Biden ‘Is Just Lost,’ Says Obama’s White House Doctor (WE)

• At Least 10 Times More Plastic In The Atlantic Than Presumed (Phys.org)

Most of the good news was gone by Tuesday, though US new cases stayed subdued.

I’m confident if you throw in a pair of ringside playoff seats you can get it down to 40%.

• Chinese Regulator: Vaccines Must Have 50% Efficacy, 6 Months Immunity (SCMP)

Covid-19 vaccines must have an efficacy rate of 50 per cent and provide at least six months’ immunity if they are to be approved for use in China, the country’s drug regulator has announced. According to a draft document released by the Chinese Centre for Drug Evaluation (CCDE), 50 per cent is the minimum efficacy rate allowable, although 70 per cent is the target. The document said also that the regulator would consider granting emergency use of vaccines that have not yet completed their final phase of clinical trials. Chinese companies are among the forerunners in the race to produce a vaccine for Covid-19, with four candidates in final testing. A total of 29 products are undergoing clinical trials around the world, seven of which are in the final stage.

On Friday, China issued several documents setting out the standards for clinical trials and research on vaccines, including those based on the unproven mRNA platform. China’s requirement for a minimum 50 per cent efficacy – which means the vaccine would protect half of those injected with it – is in line with the benchmarks set by the World Health Organisation (WHO) and US Food and Drug Administration (FDA). Unlike the Chinese draft, the FDA does not have a requirement for a minimum period of immunity. The WHO said in a document published in April that it hoped Covid 19 vaccines would protect recipients for a year, a target that China is also seeking, but many scientists are concerned that might not be achievable.

This is how it all ties together. As I have written many times. Mueller needed Assange muzzled. He wasn’t interested in the truth, or he would have visited him. Mueller/Weissmann needed the RussiaRussia blubber to last. Or they would have come up completely empty.

The Mueller investigation ended on April 11 2019. Julian Assange was dragged out of the Ecuador embassy on April 11 2019.

• Brennan, Strzok and DOJ Needed Assange Arrested – And UK Officials Obliged (CT)

Knowing how much effort the CIA and FBI put into the Russia collusion-conspiracy narrative, it would make sense for the FBI to take keen interest after this August 2017 meeting between Rohrabacher and Assange; and why the FBI would quickly gather specific evidence (related to Wikileaks and Bradley Manning) for a grand jury by December 2017. Within three months of the grand jury the DOJ generated an indictment and sealed it in March 2018. The EDVA sat on the indictment while the Mueller probe was ongoing. As soon as the Mueller probe ended, on April 11th, 2019, a planned and coordinated effort between the U.K. and U.S. was executed; Julian Assange was forcibly arrested and removed from the Ecuadorian embassy in London, and the EDVA indictment was unsealed.

As a person who has researched this three year fiasco; including the ridiculously false 2016 Russian hacking/interference narrative: “17 intelligence agencies”, Joint Analysis Report (JAR) needed for Obama’s anti-Russia narrative in December ’16; and then a month later the ridiculously political Intelligence Community Assessment (ICA) in January ’17; this timing against Assange is too coincidental. It doesn’t take a deep researcher to see the aligned Deep State motive to control Julian Assange because the Mueller report was dependent on Russia cybercrimes, and that narrative is contingent on the Russia DNC hack story which Julian Assange disputes.

This is critical. The Weissmann/Mueller report contains claims that Russia hacked the DNC servers as the central element to the Russia interference narrative in the U.S. election. This claim is directly disputed by WikiLeaks and Julian Assange, as outlined during the Dana Rohrabacher interview, and by Julian Assange on-the-record statements. The predicate for Robert Mueller’s investigation was specifically due to Russian interference in the 2016 election. The fulcrum for this Russia interference claim is the intelligence community assessment; and the only factual evidence claimed within the ICA is that Russia hacked the DNC servers; a claim only made possible by relying on forensic computer analysis from Crowdstrike, a DNC contractor.

The CIA holds a massive conflict of self-interest in upholding the Russian hacking claim. The FBI holds a massive interest in maintaining that claim. All of those foreign countries whose intelligence apparatus participated with Brennan and Strzok also have a vested self-interest in maintaining that Russia hacking and interference narrative. Julian Assange is the only person with direct knowledge of how Wikileaks gained custody of the DNC emails; and Assange has claimed he has evidence it was not from a hack. This Russian “hacking” claim is ultimately so important to the CIA, FBI, DOJ, ODNI and U.K intelligence apparatus…. Well, right there is the obvious motive to shut Assange down as soon intelligence officials knew the Mueller report was going to be public.

While Trump was president and Jeff Sessions was AG, “the Mueller team was essentially controlling all DOJ activity”.

• The Big Story Behind The Mueller Special Counsel Purpose (CT)

Foolishness and betrayal of our country have served to reveal dangers within our present condition. Misplaced corrective action, regardless of intent, is neither safe nor wise. The intelligence apparatus was weaponized against a candidate by those who controlled the levers of government. This is what AG Bill Barr needs to explain to the nation. The purpose behind briefing Durham’s lead investigator William Aldenberg was essentially to provide an understanding of what we the people already know. The purpose behind releasing the investigator name is to cut through the chaff and countermeasures and give face to the unit holding the precarious responsibility of sunlight.

The position of Bill Barr, and indeed our nation today, is a direct result of decisions made by Main Justice -as run by the special counsel- in the Fall of 2017 & Summer of 2018. The events surrounding the leaking of the FISA warrant used against U.S. person Carter Page; the purposeful cover-up by Andrew Weissmann; and the downstream 2018 DOJ decision not to prosecute SSCI Security Director James Wolfe for those leaks, was the fork in the road moment for the Department of Justice – and the institutions of government as a whole. Attorney General Jeff Sessions was recused.

As admitted in his June 2nd testimony Deputy AG Rod Rosenstein was providing no special counsel oversight, and the Mueller team was essentially controlling all DOJ activity. That was when the DOJ made a decision not to prosecute Wolfe for leaking classified information. DC U.S. Attorney Jessie Liu signed-off on a plea deal where Wolfe plead guilty to only a single count of lying to the FBI. If the DOJ had pursued the case against Wolfe for leaking the FISA application, everything would have been different. The American electorate would have seen evidence of what was taking place in the background effort to remove President Trump; and we would be in an entirely different place today if that prosecution or trial had taken place.

Something tells me it won’t be the final report, not if they can help it. This nonsense needs to stop.

You and I don’t need a bogeyman enemy to live our lives, only the intelligence services do. And politicians of all stripes.

• Senate Panel Releases Final Report On Russian Interference In 2016 (ZH)

The Senate Intelligence Committee has released a 966 page final report on Russian election interference in the 2016 presidential election, and outlines “Counterintelligence Threats and Vulnerabilities” during the race. The panel interviewed over 200 witnesses and reviewed over 1 million pages of documents, according to The Hill – finding that while Russia made efforts to interfere in the election through disinformation and cyber campaigns, there was insufficient evidence that the Trump campaign ‘colluded’ with the Kremlin, as we were promised was the case by Rep. Adam Schiff (D-CA) and the MSM over the course of several years. “No probe into this matter has been more exhaustive,” said acting Senate Intelligence Chairman Marco Rubio (R-FL) in a statement, adding “We can say, without any hesitation, that the Committee found absolutely no evidence that then-candidate Donald Trump or his campaign colluded with the Russian government to meddle in the 2016 election.”

Democratic Sen. Mark Warner of Virginia, the Committee’s Vice Chairman, had a different interpretation – saying “At nearly 1,000 pages, Volume 5 stands as the most comprehensive examination of ties between Russia and the 2016 Trump campaign to date — a breathtaking level of contacts between Trump officials and Russian government operatives that is a very real counterintelligence threat to our elections.” And while there was no evidence of coordination between the Trump campaign and Russia, the panel found that Trump campaign chairman Paul Manafort’s contacts with ‘Kremlin-linked’ officials (as the Washington Post describes them) posed a “grave counterintelligence threat.”

“The volume, released Tuesday, states that former Trump campaign manager Paul Manafort worked with a Russian intelligence officer “on narratives that sought to undermine evidence that Russia interfered in the 2016 U.S. election,” including the idea that Ukrainian election interference was of greater concern.” -WaPo “One of the Committee’s most important — and overlooked — findings is that much of Russia’s activities weren’t related to producing a specific electoral outcome, but attempted to undermine our faith in the democratic process itself,” said Sen. Richard Burr (R-NC).

Quite a few people doubt it.

• Will the Dam Break After Clinesmith’s Plea? (RCP)

• It was no surprise to learn last week that Kevin Clinesmith had altered an official document. Inspector General Michael Horowitz had already reported it, without naming the culprit. Durham had that information and could have indicted Clinesmith long ago. He didn’t because he was interviewing others about FISA abuses and didn’t want to give them any information from Clinesmith’s indictment. Releasing that information now shows Durham has completed his work on FISA fraud.

• Other, more senior FBI officials must have been involved in these FISA abuses, though Durham hasn’t said so yet. Some committed abuse themselves. Others knew about it or should have known. Still others must have discovered the misrepresentations, but failed to report them to the FISA court, as they were required to do. Those failures are felonies.

• Clinesmith has said he gave other FBI members the true document, not just the altered one. The 23rd paragraph of the charging information says Clinesmith “provided the unchanged C.I.A. email to Crossfire Hurricane agents and the Justice Department lawyer drafting the original wiretap application.” That’s a smoking bazooka.

• How can Durham prove the CIA’s truthful information was circulated and then hidden? By thoroughly checking the FBI’s internal document system. It should record everyone who received Clinesmith’s accurate (unaltered) document and those they later passed it to. If the agents and lawyers merely discussed the falsification, then prosecutors will need several witnesses to substantiate it.

• The real leader of the Mueller team, Andrew Weissmann, is still blowing smoke about these mounting legal problems. On Friday, he tweeted, “Clinesmith is charged with adding the words ‘not a source’ to an email about Carter Page, but nowhere does the charge say that is false, i.e. that Page was a source for the CIA.” Notice, Weissmann is not saying he knew nothing or that Page really was a Russian source. He simply saying that a 180-degree change in the document’s wording doesn’t mean what your lying eyes think it means.

• Weissmann’s comment shows the Mueller team is sticking with their existing disclaimer. Their report says they won’t speculate on “whether the correction of any particular misstatement or omission, or some combination thereof, would have resulted in a different outcome.” In order words, “We don’t see something. We don’t say something. And we don’t know if it matters.”

• Clinesmith actually worked on Robert Mueller’s team. He was tasked from the bureau to work with that team, which then submitted his falsified document to the FISA court. That’s crucially important. If attorneys on the special counsel team knew about his crime and did nothing to inform the court, if they continued to use a document they knew was fraudulent, they will face charges. That would implicate Mueller’s team for the first time in illegal activity to undermine the Trump presidency. That’s a much bigger matter than writing a biased report.

• We know from other declassified documents that it wasn’t just Mueller’s FISA application that had false information. All four applications did. Indeed, they depended on it, especially on the Steele dossier. Then-Deputy FBI Director Andrew McCabe testified that, without Steele, the warrants would not have been granted. Yet none of the agents and prosecutors ever told the FISA court about fraud, misrepresentation, and bias from Steele, Clinesmith, or others.

• The Mueller team must have known Clinesmith’s actions were a problem. They didn’t just get rid him, they tried to shift the blame. That’s the meaning of an opaque footnote in their report, which said that the bureau, not the Mueller team, supervised “an FBI attorney” who worked for the special counsel. Hey, it’s them, not us!

Weismann doesn’t argue in good faith.

• Justice Delayed or Denied? A Response To Weissmann And Goodman (Turley)

Recently, I posted a criticism of Andrew Weissmann, one of the top prosecutors with Special Counsel Robert Mueller, who ran a column with Professor Ryan Goodman encouraging Justice Department attorneys not to assist U.S. Attorney John Durham in his ongoing investigation (at least before the election) and dismissing the basis for the plea agreement reached with former FBI lawyer Kevin Clinesmith. Goodman argues that I was unfair to him and Weissmann in my posting and I wanted to respond. I did include a longer quote from the column to be sure that their point was better understood in context in an updated posting. However, in my view, the defense of this column only highlights the inherent bias that the original posting sought to address.

Rather than append this long discussion at the end of the original column, I felt it deserved its own posting and consideration by readers. [..] On Twitter, Professor Goodman makes four basic points which I make out into roughly six points. I would like to address each below. However, it is worth noting that only one point appears to be a claim of misrepresentation. First, Goodman states that the posting was “seriously flawed” and “Turley badly misrepresents what we said, what Justice Dept charged, and more… This is a pattern for Turley (see final tweet in this thread for that pattern)…” I will address the “pattern” referenced by Goodman below. However, Goodman states that the blog “falsely claims op-ed calls on DOJ lawyers ‘to undermine’ Durham investigation. He points out that “[o]ur op-ed: DOJ lawyers should refuse IMPROPER requests if VIOLATE oath to Constitution and policy on actions that interfere in election; plus Durham CAN indict after 11/3.”

This appears to be the heart of Goodman’s claim of misrepresentation (indeed it appears the only claim). It is a rather curious and tautological point. Goodman simply restates his argument that what Durham is doing is improper and thus says that it cannot be viewed as “undermining” Durham’s investigation. Yes, I believe telling DOJ lawyers that they should refuse to assist in indictment or pleas is undermining Durham’s investigation, even if it is to do so for a few months. Such pleas or indictments are critical parts to an investigation or additional criminal cases. Durham, who even Democratic leaders have acknowledged is an apolitical and dedicated prosecutor, believes that this plea is needed to move forward on what could be a broader prosecution.

Durham was delayed by the pandemic but has moved to complete this long-standing investigation. For Durham, waiting for additional months is an example of an unnecessary example of justice delayed being justice denied. He is allowed to move forward with his case and the cited “unwritten norm” of the authors is highly challengeable. Regardless of the merits, it hardly seems “seriously flawed” to characterize a call for Durham’s subordinates to stand down as undermining his investigation.

You’ve been programmed. Man, all the people who take this serious…

“Recall similar warnings about Bush and Romney, who are now chums of Democrats in high places.”

• The Specter of a Fascist Coup by Trump Haunts the US (MPN)

Should Trump fail to carry the Electoral College, Noam Chomsky admonishes, “he could send Blackshirts out in the streets… preparation for a plan to try to bring the military in to carry out something which would amount to a military coup.” A New York Times columnist opines: “Put nothing past Trump, not even the destruction of the American electoral process.” Robert Weissman, president of Public Citizen, explains that Trump’s election delay threat is a coup in the making. Economist Jack Rasmus speculates Trump will “call for his radical right, gun-toting friends to come to Washington to surround and protect the White House.”

The left World Socialist Web Site joins the liberal chorus: “In an act unprecedented in American history, Donald Trump has repudiated the Constitution and is attempting to establish a presidential dictatorship, supported by the military, police and far-right fascistic militia acting under his command.” Meanwhile, in the real world, more than 51 million Americans have filed for unemployment since March. Some 27 million people have lost their health insurance on top of around 30 million who were uninsured before, in the face of the massive pandemic. The Federal Reserve has pumped $7 trillion into corporate bonds, municipal securities, loans and grants to business, while millions are going hungry. The pandemic death toll in the U.S. is 168,345 as it rages out of control. California cannot even accurately count the number of cases being reported.

[..] The obsession with the person of Trump is a testament to the political bankruptcy of the increasingly anemic successors of the New Deal and their epigones on the left who, every four years, admonish us that never before have the stakes been so high: we have to vote for the lesser evil. Given their view of the danger of a fascist coup, we should put aside a progressive agenda and vote for the former senator from Mastercard and learn to love endless imperial war and increasing austerity for working people in a repressive security state.

The liberal-left pundits reproach us to vote Democrat simply because the alternative is not Trump. Recall similar warnings about Bush and Romney, who are now chums of Democrats in high places. Vote, but not for any issue, because the so-called liberal agenda is today devoid of issues. Liberalism is dead. Indicative is its standard-bearer barely showing vital signs. Biden is being told to stay in his basement and even sit out his nominating convention.

The Hollywood Reporter’s only loyalty lies with Hollywood.

• The Plot Against The President (HR)

There’s a hush-hush Russiagate documentary on the horizon from a director who hails from Hollywood royalty. But this one makes the case for President Trump. Amanda Milius, daughter of legendary screenwriter-director John Milius and a State Department alum, has directed The Plot Against the President, based on Lee Smith’s 2019 best seller of the same name. Milius, who optioned the book in manuscript form last summer and stepped down in early March from her post as the Deputy Assistant Secretary for Content in the State Department’s Bureau of Global Public Affairs, began working on the doc in secrecy shortly thereafter.

Over the past three months, she interviewed Russiagate critics including Congressman Devin Nunes, Donald Trump Jr., Rudy Giuliani, Kimberly Guilfoyle, Mike Cernovich and Roger Stone as well as Gen. Michael Flynn’s attorney Sidney Powell. Milius’ father, the screenwriter of such classics as Apocalypse Now and Dirty Harry, is such a larger-than-life figure in Hollywood that he has inspired characters in at least two films: The Big Lebowski(played by John Goodman) and Zeroville (Seth Rogen). His politics have long deviated from the industry’s centrist Democratic leanings (he and Charlton Heston served on the board of the NRA at the same time). Amanda, who attended USC’s School of Cinematic Arts and worked in the film industry for a decade, also shares his pro-Trump sentiments.

[..] The film was financed by a handful of private investors that the Washington-based director declines to name. She produced alongside Jonathan Eisenman. The production companies are Wollman Prods. and 1AMDC Prods. The producers are currently in talks with a few distributors and are planning an Oct. 1 release in the run-up to the 2020 presidential election. Milius says the film will offer several additional bombshells that weren’t included in the book, whose thesis is that a coup was engineered by the American establishment elite, including the media, and targeted the president as well as the democratic process.

Trailer The Plot Against The President

The Plot Against the President pic.twitter.com/pB7T40KtDY

— Cernovich (@Cernovich) August 18, 2020

Well, actually she didn’t, it was just protocol. After that she proudly supported Biden. After being snubbed, and seeing her mentor Bernie be snubbed again. Have these people no pride?

• AOC ‘Snubs’ Joe Biden In Speech Nominating Bernie Sanders (Ind.)

Alexandria Ocasio-Cortez has delivered a snub to Joe Biden when she delivered a speech endorsing her progressive mentor Bernie Sanders for president. In words that likely infuriated supporters of Mr Biden, the New York congresswoman spoke to second the nomination of Mr Sanders as the party’s official candidate. “I want to thank everyone towards a better, more just future for our country and our world,” she said, speaking to second the Vermont senator after he was formally nominated by labour activist and lawyer Bob King. She said she sought to create “mass people’s movement dedicated to addressing the wounds of racial injustice, colonisation, misogyny, and homophobia”.

When Mr Sanders, 78, announced in April he was suspending his campaign for the presidency, after Mr Biden made a series of stunning primary wins to breathe life into a run that appeared dead, he said his name would remain on the ballot and that he would continue to collect delegates. The purpose was not vanity, he said, as some critics said, but in order to better put pressure on Mr Biden to adopt more progressive policies than he might otherwise have felt obliged to do so. Already that has resulted in a succession of policy think thanks that agreed to several policy points on the economy, the environment and criminal and racial justice. Ms Ocasio-Cortez, 30, praised the campaign of Mr Sanders and other progressive candidates who “reimagined systems of immigration and foreign policy that turn away from the violence and xenophobia of our past”.

Oh, c’mon, let me have some fun… All the other stuff is already so serious.

• Biden ‘Is Just Lost,’ Says Obama’s White House Doctor (WE)

The chief White House doctor to former President Barack Obama is worried about the mental health and stamina of former Vice President Joe Biden, suggesting that “something is not right” with the Democratic presidential nominee. “The best way I can describe him every time I see him is that he’s just lost,” said Dr. Ronny Jackson, the former White House physician to Obama and President Trump. “I won’t make any particular diagnosis about dementia. … But what I will say is that something is not right,” added the retired Navy rear admiral who recently won a House GOP primary in Texas. And it is getting so bad that he is “not comfortable” with Biden being commander in chief.

“I’m not,” he said of the top Democrat, set to be nominated by the Democratic Party for president on Thursday. Jackson’s comments are in an upcoming book from Donald Trump Jr., Liberal Privilege: Joe Biden and the Democrats’ Defense of the Indefensible, out Sept. 1 but already selling fast on his website, DonJr.com. In the book, the president’s son and top campaign supporter addressed current issues and included interviews with key current affairs figures, such as Jackson, who began working in the White House Medical Unit under former President George W. Bush and served as “physician to the president” during the Obama and Trump administrations. He stressed to Trump Jr. that he hasn’t reviewed Biden’s records but said that he witnessed the changes to Obama’s vice president in person and over time.

How do you like the coating in your intestines?

• At Least 10 Times More Plastic In The Atlantic Than Presumed (Phys.org)

The mass of ‘invisible’ microplastics found in the upper waters of the Atlantic Ocean is approximately 12- 21 million tons, according to research published in the journal Nature Communications today. Significantly, this figure is only for three of the most common types of plastic litter in a limited size range. Yet, it is comparable in magnitude to estimates of all plastic waste that has entered the Atlantic Ocean over the past 65 years: 17 million tons. This suggests that the supply of plastic to the ocean have been substantially underestimated. The lead author of the paper, Dr. Katsiaryna Pabortsava from the National Oceanography Centre (NOC), said “Previously, we couldn’t balance the mass of floating plastic we observed with the mass we thought had entered the ocean since 1950.

This is because earlier studies hadn’t been measuring the concentrations of ‘invisible’ microplastic particles beneath the ocean surface. Our research is the first to have done this across the entire Atlantic, from the UK to the Falklands.” Co-author, Professor Richard Lampitt, also from the NOC, added “if we assume that the concentration of microplastics we measured at around 200 meters deep is representative of that in the water mass to the seafloor below with an average depth of about 3000 meters, then the Atlantic Ocean might hold about 200 million tons of plastic litter in this limited polymer type and size category. This is much more than is thought to have been supplied.”

“In order to determine the dangers of plastic contamination to the environment and to humans we need good estimates of the amount and characteristics of this material, how it enters the ocean, how it degrades and then how toxic it is at these concentrations. This paper demonstrates that scientists have had a totally inadequate understanding of even the simplest of these factors, how much is there, and it would seem our estimates of how much is dumped into the ocean has been massively underestimated.”