Aug 102024
 


Vincent van Gogh Café, le soir, Arles 1888

 

The American Police State Has Murdered the Constitution (Paul Craig Roberts)
‘Free Speech Is An Illusion In The US’ – Tara Reade (RT)
Special Counsel Jack Smith is No Longer in a Hurry (Turley)
Harris’s Big Gift To Trump… If He Uses It (Victor Davis Hanson)
US Hypocrisy on Full Display In Dubious FARA Claims Against Scott Ritter (Sp.)
Maduro Bans X (RT)
Serbian President Says He Received Coup Warning From Russia (RT)
Pentagon Refuses To Rule Out Strikes On Moscow (ZH)
Kiev Regime’s Terrorism Shows Russia Must Go All The Way (SCF)
Putin Relies on Reason which the West Has Abandoned (Paul Craig Roberts)
Mexico Responds To Ukraine’s Request To Arrest Putin (RT)
Australia Being Turned Into ‘51st US state’ – ex-PM Keating (RT)
Third Year of Record Coral Increase on the Great Barrier Reef (DS)

 

 

 

 

Walz Pelosi

 

 

New president

 

 

Trump=energy
https://twitter.com/i/status/1821717762890186925

 

 

Macgregor
https://twitter.com/i/status/1821987048129229051

 

 

 

 

“I have already noticed that alternative news websites are pulling in their horns. Soon we will know nothing.”

The American Police State Has Murdered the Constitution (Paul Craig Roberts)

An American, even a former US Marine and UN weapons inspector, who takes issue with official explanations dear to Washington’s heart, will be accused, as Scott Ritter is, of manipulating the American public “on behalf of the Russian government.” In other words free speech, especially if it is true, is now effectively criminalized despite its Constitutional protection. For many years it has been impossible for many truths to be stated in the print and TV media. The official stories of 9/11, “Covid pandemic,” “Covid vaccine,” Washington’s invasions of Afghanistan and the Middle East, immigration, Israel’s takeover of Palestine, the conflict in Ukraine and others are off limits to skepticism. The alternative Internet media is the only source of information, and now it is being closed down by police state intimidation of Tulsi Gabbard and Scott Ritter and by the destruction of the website Vdare.

The assaults on Donald Trump shows us that not even a President in office is secure from fantastic police state charges. Try to imagine what it means that a New York state judge has set a September date for sentencing the Republican nominee for President seven weeks before the election. Here is real election interference, whereas Trump is being sentenced for interfering in an election by allegedly misreporting a business expense. That such total nonsense can occur in an American court with complicity of an American jury proves that the rule of law is dead and buried in America. Now it has gone beyond the law. It is the Constitution itself that is brushed aside in Washington’s fanatical determination to protect its lies. I have already noticed that alternative news websites are pulling in their horns. Soon we will know nothing.

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“We have the illusion of free speech. We have that illusion of a right to travel. But in reality, it is only allowed if we say what the US wants people to say, otherwise you are at risk..”

‘Free Speech Is An Illusion In The US’ – Tara Reade (RT)

You’re only free to speak your mind in the US if you are saying what the authorities want you to say, RT contributor and former aide to Joe Biden, Tara Reade, has claimed. Reade appeared live on RT on Thursday to comment on the search carried out by federal agents and state police at the home of former US Marine and UN weapons inspector Scott Ritter in New York state on Wednesday. She and Ritter, who is now a journalist, had both been invited to speak at the 27th St. Petersburg International Economic Forum (SPIEF) in June, but “unfortunately the federal agents took him off the plane and confiscated his passport,” Reade recalled. She said Ritter’s passport was never returned to him by the US authorities. “Usually, that indicates that someone is under investigation because they take away your passport,” she said.

The government in Washington has been “going after Scott Ritter for years” since “he spoke out against the war in Iraq and revealed that… the US government lied about the weapons of mass destruction,” the former Biden aide claimed. The persecution of the journalist and commentator – whose views on the conflict between Russia and Ukraine, as well as Israel’s war in Gaza, contrast sharply with those of the White House – is “just a pattern of what you are seeing in the US, which is the surveillance state and authoritative government,” she argued. “We have the illusion of free speech. We have that illusion of a right to travel. But in reality, it is only allowed if we say what the US wants people to say, otherwise you are at risk,” Reade said. She also suggested that, since Kamala Harris replaced Joe Biden as the Democratic presidential candidate last month, the party is “going back to the old Russiagate hysteria.”

Ritter, who is also an RT contributor, described the search of his property as an “act of intimidation” against him. The authorities appear to be “primarily concerned” about his “relationship” with RT and the news agency Sputnik, the journalist said in a video message on Telegram on Thursday. The 61-year-old revealed that FBI agents blamed him for working “on behalf of the Russian government” to manipulate the opinions of the American public. Ritter rejected those accusations as “absurd in the extreme.” He insisted that he was “doing nothing wrong,” and was just “an American citizen, holding my government accountable and exercising the rights given to me by the Constitution.”

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“..a neck-breaking change of direction..”

Special Counsel Jack Smith is No Longer in a Hurry (Turley)

For over a year, Special Counsel Jack Smith has made one element the overriding priority in his prosecution of former president Donald Trump: speed. Smith repeatedly moved to curtail Trump’s appellate rights and demand expedited appeals to try to secure a conviction before the election. In that effort, he found an equally motivated judge in U.S. District Judge Tanya S. Chutkan, who virtually turned her court into a rocket docket to try Trump. Now, in a neck-breaking change of direction, Smith is trying to slow down Chutkan who appears again ready to pull out the stops in this case. After the mandate in the case was returned to her, Judge Chutkan immediately resumed her high-speed scheduling to look at the pre-trial issues after the Court reversed her earlier rulings on the basis of presidential immunity. The past problem with a court making speed the priority is that it does not allow much time to create a record.

The remand will now require Judge Chutkan to do so on the question of what charges and evidence may be barred under the ruling in Trump v. United States. As it has in the past, the Court adopted a three-tiered approach to presidential powers based on the source of a presidential action. Chief Justice John Roberts cited Youngstown Sheet and Tube Co. v. Sawyer, in which the court ruled against President Harry Truman’s takeover of steel mills. In his famous concurrence to Youngstown, Justice Robert Jackson broke down the balance of executive and legislative authority between three types of actions. In the first, a president acts with express or implied authority from Congress. In the second, he acts where Congress is silent (“the zone of twilight” area). In the third, the president acts in defiance of Congress.

In this decision, the Court adopted a similar sliding scale. It held that presidents enjoy absolute immunity for actions that fall within their “exclusive sphere of constitutional authority” while they enjoy presumptive immunity for other official acts. They do not enjoy immunity for unofficial or private actions. Only hours after receiving the mandate, Judge Chutkin scheduled an Aug. 16 conference to lay out the schedule and issues going forward. The former version of Jack Smith would have been delighted. He did not even see the need for the right for an en banc appeal in previously pushing for a pre-election trial. Now, however, Smith is telling Judge Chutkin to slow down already. Smith told the court that “The Government continues to assess the new precedent set forth last month in the Supreme Court’s decision in Trump v. United States. Although those consultations are well underway, the Government has not finalized its position on the most appropriate schedule for the parties to brief issues related to the decision.”

He has asked for a three-week delay to further consider what he wants to do. It is not clear if the press and pundits will now charge Smith with “slow walking” the case. The question is whether Smith is considering a drastic move in light of the calendar and the ruling. There is, of course, always the possibility that he either throws in the towel or opts for a post-election trial. That would certainly go against the grain of Smith, who has always pushed both the law and the calendar to the breaking point. However, as some of us have been arguing for months, he may no longer view a trial as a plausible objective. There is also the possibility that Smith will do something that some of us have discussed over the last year: pare down his case. Smith has always been undone by his appetite. As shown in his 8-0 reversal in his conviction of former Virginia Governor Bob McDonnell, Smith has rarely shown moderation as a prosecutor.

His overloaded criminal complaints created this disaster for his team. In Florida, Smith unwisely loaded up the prosecution with controversial charges on the retention of classified material. It not only triggered difficult challenges but slowed the case to a crawl as the parties dealt with classification laws. Had he proceeded solely on obstruction charges, he might have secured his trial before the election (and before the recent ruling on immunity). Even if the reduced case was heard by the Court on immunity, an obstruction case would have been far stronger for Smith.

The same is true with the D.C. case. Smith loaded up the case to raise the January 6th speech and other issues. Most were unnecessary, but Smith used his press conference to denounce the January 6th riot. A three-week delay will give Smith ample time (in addition to the weeks following the Supreme Court decision) to deliberate. However, it will take roughly a month off the calendar for just internal debate with the election only three months away. So, even with a judge who appears chomping at the bit to resume the fast track to trial, Smith now wants more time. Even before this request, it was hard to see how a trial could be held before the election. Now it seems a virtual certainty that any trial will have to await the results of the election. As I wrote in 2023, the odds were against a federal trial before the election, which would convert the voters into the largest jury in history.

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“..was Harris terrified of leftwing threats from her base that a Shapiro pick would guarantee her 1968-like riots at her Chicago convention?”

Harris’s Big Gift To Trump… If He Uses It (Victor Davis Hanson)

Harris’s selection of Walz at least reveals the left’s full-bore agenda, something that previously her handlers seemed at pains to hide: an overt doubling down on the Biden neo-socialist record that will require a far more vigorous stealth 90-day campaign to camouflage the hard-left record of both Harris and Walz. Minnesota under Walz became merely a smaller version of Gavin Newsom’s California – shameless woke pandering, wars against fossil fuels, fiscal nihilism, thousands fleeing the state, high crime, high taxes, poor services, sanctuary city/pro-illegal alien activism, eroding downtowns of once majestic cities, loud-in-your-face, attack-dog denials of reality, a two-tier state legal system, tolerance of BLM/Antifa/Hamas street violence, and on and on. So Walz is a force multiplier of Harris’s vulnerabilities.

His selection (was Harris terrified of leftwing threats from her base that a Shapiro pick would guarantee her 1968-like riots at her Chicago convention?) did not just reveal the now overt anti-Semitic, anti-Israel nature of the Democratic Party (Shapiro would have likely ensured Pennsylvania’s electoral votes). Her pick also reveals the confidence that the Left has in winning what will be the most flagrant, bait-and-switch 90-day campaign in presidential history. So, the real Harris-Walz campaign messaging will be: ‘In 2024 we have to lie and mislead you about who we are and what we did, so that in 2025 we can govern you in ways you will not like.’ What are the challenges for this weirdest of tickets? Harris, in Biden-fashion, cannot finish a coherent thought. So again, like Biden in 2020, she will retreat and outsource her campaign to the media, while counting on outspending Trump 3-1, and radiating feigned moderation.

She is taking heat for neither yet meeting with a real journalist nor speaking impromptu. But in her defense, to do either might at any opportune moment collapse her stealth campaign, given that to listen to her for 60 seconds off script is to prefer her to remain silent and hidden. And she has confidence in absentia that a bankrupt media will praise her nonexistent elegance, fluency, and articulateness. Walz will customarily serve as a designated hit man for Harris. But he is just as much a liability— a shoot-from-the-hip blowhard, while owning an even more embarrassing leftwing record than Harris. And he is even less discreet. This week Walz introduced himself to the nation as a VP candidate by smearing J.D. Vance with the brazen “couch” lie. And then while foolishly beaming, he doubled-down on his crude slur (“See what I did there?”).

So, he even outdid Harris who had recently called Trump a “predator”—just days before it was disclosed that her married husband earlier had once impregnated his own children’s young nanny and tutor and had never disclosed what followed from his predation. Both will either ignore or lie about their joint opposition to fracking and pipelines; their disgraceful pro-BLM/Antifa advocacy during the lethal and destructive 2020 looting and rioting; their support for open borders and illegal immigration; their woke pandering; and their generic leftwing promotion of the usual high taxes, big government, poor services, and ‘who cares if they flee my state’ arrogance.

The Harris-Walz ticket will also collapse if, horribile dictu, the prior Biden-Harris appeasement of Iran, distancing from Israel, weakening of the military, and loss of deterrence in the next 90 days leads to theater-wide wars on the Ukrainian borderlands or in the Middle East and/or to a recession due to cumulative inflation, high interest, stagnant wages and anemic citizen employment, and unsustainable national debt service.In sum, Trump is very much even in the race. He was given a rare gift by the shunning of Josh Shapiro as Harris’s running mate. That leftwing blunder could energize the Trump campaign—if again he sticks to warning the country of who these two are, what they have done, how they are hiding their real agendas, what they will do if elected, and how they differ from his own presidential record and future agenda. Nothing else matters.

And that means Trump should ignore the now inert and evaporating Biden, refrain from attacking any Republican, stop all recriminations about 2020, avoid race and DEI ambushes, and prep hard and in detail for as many debates as he can obtain. Trump should appear magnanimous and above the fray by compromising with Harris on the debates: one debate now by her rules on ABC, and one by his rules on Fox before early voting begins. Rarely have the Democrats so foolishly gone hard left. And when they did in 1972, 1980, and 1988, Republicans used to know how to use those gifts, expose them, and win landslides despite media and institutional bias. They can do it again, but only if they are as adroit, united, and disciplined as their predecessors once were.

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“..The Wednesday raid also came the same week court documents revealed Hunter Biden took in million from Romanian businessman Gabriel Popoviciu..”

US Hypocrisy on Full Display In Dubious FARA Claims Against Scott Ritter (Sp.)

Under the orders of the US Justice Department, the home of former UN weapons inspector Scott Ritter was raided this week under allegations of violating the Foreign Agents Registration Act. More than two dozen boxes were pulled from his home, including an archive that backed Ritter’s allegations that there were never any WMDs in Iraq in 2003. The US’ latest effort to target Scott Ritter have fully put on display the government’s hypocrisy as it picks and chooses when to stay its hand and when to weaponize the Foreign Agents Registration Act (FARA) against Americans, US attorney John Jackman told Sputnik. The Wednesday raid took place at Ritter’s home in New York as investigators have sought to argue that the former weapons inspector’s journalistic work is being framed at the direction of the Russian government. However, the claims could not be further from the truth.

“FARA, kind of by its very nature, is enforced ambiguously, which leads to very unequal levels of enforcement and basically, you know, there’s potential for it to be weaponized against political speech that the United States, especially our foreign policy establishment, finds problematic,” Jackman told Radio Sputnik’s Fault Lines on Friday. Potential FARA offenders are flagged by the US government if they fall under certain specifications, such as an individual who is documented as having been directed at the sole discretion of a foreign principal. That said, there are exemptions that protect “bonafide” media services, which Jackman noted its exact definition is “somewhat ambiguous.” “I’m looking at the totality of those factors together and these accusations of him acting as a foreign agent and, just on its face, the claims are extremely dubious and uncredible in my view,” Jackman told hosts Jamarl Thomas and Melik Abdul.

“I think this comes down to where they can kind of find these ambiguities in foreign agent laws since it’s been enacted and then also sort of play upon some of the jingoism and fear that the government is really trying to stoke, especially toward Russia but also toward countries in the Middle East as well, which Scott Ritter has been sympathetic to.” Jackman, who also serves as the regular co-host of DD Geopolitics, contrasted the government’s accusations against Ritter to that of the relationship between the Israeli lobby in the US and Congress. “The hypocrisy is so profound,” he said. “The Israeli lobby being able to literally buy [congressional] seats, yet the United States treats all the deference that our media, that our politicians give to Israel, literally the exact propaganda lines that the Israeli government will say to justify, you know, the war and occupation going in Gaza, in the West Bank,” Jackman told Thomas.

“Yet, when it comes to talking about the interests of, you know, other countries or even the sovereign interests of the people in the United States, right, to make sure that our tax dollars are being used in an accountable way that’s going to the infrastructure of this country, rather than going to continue to fuel war and foreign aid in, you know, the tens and hundreds of billions of dollar to countries, like, Ukraine and Israel and Taiwan, for example. So, the hypocrisy to me is just very evident,” the attorney emphasized. The Wednesday raid also came the same week court documents revealed Hunter Biden took in million from Romanian businessman Gabriel Popoviciu in exchange for attempting to exert his influence on the US government during his father’s vice presidency. Additionally, former Trump adviser Kellyanne Conway registered as a foreign agent who would be lobbying on behalf of pro-Ukrainian interests.

Unlike in the Biden findings, where evidence shows an agent-principal relationship had been established between the two parties, that isn’t the case for Ritter. “This is one of the meaningful differences with Scott,” Jackman said “At every turn you know Scott is, what he’s talking about when it comes to his commentary on foreign policy and the work that he’s doing, for example, to organize this anti-war rally and draw attention to the specter of nuclear war has been done under his own volition,” he noted. “Due to his own, you know, freedom of thought and freedom of speech which actually, you know, is very tough to do in this country because it cuts against a lot of financial interests that he could potentially be taking advantage of, right?” “It would be a lot easier in this country, for example, to take advantage of a Ukrainian interest who’s willing to pay you to go on the airwaves and spout Ukrainian propaganda. It would be a lot easier to get that into the mainstream than it would to, you know, take the other side of it in this country, which requires just kind of by its very nature – and you all know – a lot of independence.”

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“Maduro accused the tech mogul of “inciting hatred, fascism, civil war, death, [and] confrontation of Venezuelans..”

Maduro Bans X (RT)

Venezuelan President Nicolas Maduro has announced a temporary ban on X (formerly Twitter) in the country. The decision followed his war of words with the platform’s CEO, Elon Musk, who has accused Maduro of election fraud. In a televised speech on Thursday, Maduro accused the tech mogul of “inciting hatred, fascism, civil war, death, [and] confrontation of Venezuelans,” as well as violating national laws. The leader added that he has signed a resolution presented by the National Commission of Telecommunications to ban the social media platform for ten days.“Let the plans on social networks to spread violence, hatred… [in] Venezuela from abroad end,” Maduro wrote in a separate post on X. In response, Musk took to the platform to mockingly promise to “singe his [Maduro’s] mustache from space.”

The spat between the Venezuelan leader and the billionaire started in the wake of the country’s presidential election last month, in which Maduro was declared the winner. According to the country’s electoral council, Maduro won about 52% of the vote, while opposition candidate Edmundo Gonzalez received 43%. The opposition disputed the results, arguing that they didn’t match their own tallies, while their backers, including the US, refused to recognize Maduro’s victory. However, other countries such as China and Russia have congratulated the Venezuelan leader on his reelection. Musk has supported the criticism of Maduro, calling him a “dictator” and accusing him of “major election fraud.” “The people of Venezuela have had enough of this clown,” he added, voicing support for the opposition.

The jab drew a sharp response from the Venezuelan president, who blasted the tycoon for allegedly trying to stage a coup and challenged him to a fistfight – a suggestion Musk accepted. The temporary ban on X comes after Maduro claimed to have deleted his WhatsApp messenger from his phone, saying it was being used to threaten Venezuela and spy on its people. He also claimed that TikTok and Instagram were being used to promote “hate” and promised to regulate their use. Maduro will be serving a third consecutive six-year term, after first taking office in 2013 following the death of President Hugo Chavez. Maduro’s previous reelection, in 2018, was also rejected by the US, along with the EU and several Latin American states.

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They want the lithium.

Serbian President Says He Received Coup Warning From Russia (RT)

Russia warned Serbia about a potential coup attempt, President Aleksandar Vucic told journalists on Friday. His statement came a day before an expected protest in the nation’s capital. According to Vucic, Serbia’s Security Intelligence Agency (BIA) is already acting on the leads provided by Moscow. “We received official information from the Russian Federation, information transmitted and brought through official channels,” the president said, adding that the authorities “are dealing with it” and there is no reason to worry. Vucic did not elaborate on where the threat could come from or who might be behind the alleged coup plot. He still maintained that those who “dream” of achieving anything in such a way should know that “they won’t.” “Serbia is moving forward and they cannot and will not stop it,” he added.

Earlier, some Serbian news media outlets reported that the Russian security services allegedly warned Vucic about massive riots that are being prepared in Serbia with an ultimate goal of overthrowing the nation’s leadership. A Serbian ‘Vecernje Novosti’ daily stated earlier on Friday that it obtained a “color revolution handbook” supposedly published for the participants of ecological protests that are expected to be held on Saturday. The content of the “handbook” describes methods reminiscent of “color revolutions” in other nations, the media outlet claimed, adding that the protests in the country are likely to be coordinated from some “centers of power” abroad but did not accuse anyone in particular. The news came as the nation braces for possible ecological protests this weekend. In July, Serbia has become an arena for a standoff between groups of eco-activists and the government over a major lithium mine project. Last month, Belgrade granted the Anglo-Australian mining major Rio Tinto a license to develop a lithium mine in the Jadar region in the western part of the country, which is poised to become the biggest one in Europe, according to Reuters.

The project did not sit well with some local farmers and villagers, who argued that the mine would severely pollute the surrounding area. The mine would “free the European Union from reliance on China” in terms of lithium at the expense of Serbians’ health, farmer Zlatko Kokanovic, one of the activists, told Reuters. The government treats the $2.4 billion Jadar lithium project as a major boost for the national economy. The mine could cover 90% of the EU’s needs for lithium, according to Reuters. The protesters demanded the government ban lithium mining in Jadar before August 10 and vowed to announce their next steps at a rally on Saturday. The news came as the nation braces for possible ecological protests this weekend. In July, Serbia has become an arena for a standoff between groups of eco-activists and the government over a major lithium mine project.

Last month, Belgrade granted the Anglo-Australian mining major Rio Tinto a license to develop a lithium mine in the Jadar region in the western part of the country, which is poised to become the biggest one in Europe, according to Reuters. The project did not sit well with some local farmers and villagers, who argued that the mine would severely pollute the surrounding area. The mine would ”free the European Union from reliance on China” in terms of lithium at the expense of Serbians’ health, farmer Zlatko Kokanovic, one of the activists, told Reuters. The government treats the $2.4 billion Jadar lithium project as a major boost for the national economy. The mine could cover 90% of the EU’s needs for lithium, according to Reuters. The protesters demanded the government ban lithium mining in Jadar before August 10 and vowed to announce their next steps at a rally on Saturday.

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“I’m not gonna draw a circular map for you here of where they can and cannot strike.”

Pentagon Refuses To Rule Out Strikes On Moscow (ZH)

The Pentagon on Thursday was asked by a reporter during the daily briefing whether Ukraine forces’ use of American weapons in its ongoing Kursk incursion is “consistent” with US policy of what Ukraine can and cannot do with US weapons. It has become clear that Ukrainian troops are currently using American weapons to attack Russian territory, troops, civilians, and infrastructure. Spokeswoman Sabrina Singh answered without hesitation that “yes it is consistent with our policy” and explained that Washington has supported the need for “crossfire” from Ukraine back across the border onto Russian positions from which it is being attacked, even if that is on Russian territory. She framed what is happening in Russia’s Kursk oblast—an offensive which has entered day four—as ‘defensive’ in nature.

Singh still tried to point out that it remains US policy for Ukraine to avoid striking deep into Russian territory using American arms; however, when pressed about the scenario of a direct attack on Moscow, she simply said: “I’m not going to put a specific range on it” and thus refused to rule it out. But she did caveat that “we still don’t support long-range attacks into Russia.” Singh additionally explained, “I’m not gonna draw a circular map for you here of where they can and cannot strike.” The Kremlin is likely to remain unconvinced when hearing this clear escalation in rhetoric from the Pentagon where attacking the Russian capital is discussed, even if theoretically. Needless to say we have entered incredibly dangerous times in this major proxy war when the Pentagon’s daily press briefing is openly talking about strikes on Moscow.

The Ukrainian cross-border offensive, which may have involved up to 1,000 men, began early Tuesday morning and was led by fast moving armored vehicles, which were able to penetrate up to 10km into Ukraine. Moscow says that it has observed US-supplied equipment being utilized in the attack on Russian soil. A prior Russian Defense Ministry (MoD) statement said, “Video monitoring data shows that Lancet loitering munitions destroyed a US-made Bradley infantry fighting vehicle, a Kazak armored vehicle, a Ukrainian armored personnel carrier and an infantry fighting vehicle in their firing positions.” Newsweek also confirmed based on video evidence. The MoD further said that dozens of armored vehicles breached the border and were operating inside Russia amid a major response to push out the invaders which has included airpower.

As of Friday, the fighting in Kursk is in its fourth day, which is unprecedented for a Ukrainian military incursion inside Russia. Ukraine has simultaneously stepped up its cross-border drone attacks, reportedly hitting an important military airfield in the Lepetsk region, impacting a facility where glide-bombs are stored. According to the latest: Ukrainian drones struck a key military airfield in Russia’s Lipetsk region, as Kyiv continues its largest offensive on Russian soil since the start of the war. Ukrainian forces targeted the airfield in Lipetsk — roughly 300 kilometers (186 miles) from the border with Ukraine — on Thursday night, hitting warehouses and a number of unspecified objects in the vicinity of the airport, Ukraine’s General Staff of Command said in a Google-translated Telegram post. Earlier in the week, the Ukrainian offensive led to the evacuation of thousands of people and a state of emergency being announced in Kursk.

The timing of this high-risk assault is interesting, happening at a time where Ukraine has been on a slow and steady retreat in the Donbass. Ukraine needed something ‘big’ to both distract Russia’s military command from front line operations and as a blow to Moscow’s morale. And now Kiev is pressing the Biden White House to let it use ATACMS long-range missiles to strike deeper into Russia. “This will give them the leverage they need for negotiations with Russia — this is what it’s all about,” Mikhail Podoliak, a senior advisor to President Zelensky, told The Washington Post. On Thursday, Zelensky himself had said Russia needs to “feel” the consequences of its invasion and war. “Russia brought the war to our land and should feel what it has done,” he said.

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“The Western powers incubated the Nazi virus and unleashed its mutated strain in Ukraine..”

Kiev Regime’s Terrorism Shows Russia Must Go All The Way (SCF)

Following the atrocities in Kursk and Belgorod this week, Dmitry Medvedev, a senior member of Russia’s national security council, commented on Moscow’s long-term military objectives, saying: “This is no longer an operation to regain our lands and punish Nazis… We should only stop when we consider it appropriate.” That means, presumably, going all the way to demolish NATO’s Reich regime, a regime that seized power illegally in 2014 through a CIA-orchestrated coup d’état against an elected president. Despite Western media distortions, Ukraine is merely an artificial statelet whose so-called independence in 1991 was a legacy of gerrymandering and territorial horse-trading from the Soviet times. Russia has righteous historical claims to Odessa, the city founded by Catherine the Great, Kharkov, Nikolayev, and indeed Kiev in the same way it has to Crimea, the Donbass, Kherson and Zaporozyhe regions.

The congenital treachery of the Kiev regime and its imperialist patrons make them “agreement incapable”. The betrayal and deception over the Minsk Peace Accords (2015) and the trashing of post-Cold War NATO promises of non-expansion show that any treaties that might be derived are worthless. The terrorist nature of the Kiev regime and its ideological roots in collaboration with the Nazi Third Reich in exterminating Slavic people and the systematic warmongering of the U.S.-led NATO bloc from the early days of the post-1945 Cold War, all show that a modus vivendi is impossible. The idea of Russian territories living peacefully alongside a Ukrainian rump Reich is infeasible. As long as a toxic entity of Ukrainian fascism resides and is sustained by NATO patronage there will always be a national security threat to Russia. The history of defeating Nazi Germany by the Soviet Union only for that enemy to be subsequently resurrected by Western imperialism with the remnants of Ukrainian fascists demonstrates that the disease must be eradicated.

Ukraine has the misfortune of being designated as the spearhead for a U.S.-led imperialist confrontation against Russia. The terrorism that was unleashed after the 2014 coup against ethnic Russian people has only metastasized. Attacking Russian civilians in pre-war Russian territory, targeting civilians on beaches with missiles, targeting nuclear power stations, and spreading the tentacles of terrorism to African nations friendly with Russia as recent attacks in Mali have evinced – all attest to the only way to deal with the Kiev regime. It must be vanquished entirely. Its leaders are bandits with Russian blood on their hands. Russia must crush this criminal entity once and for all – and do an immense favor to the Ukrainian people by liquidating this parasitic tyranny imposed on them by Western imperial masters. Ukrainian men are hiding or fleeing en masse from the regime to escape forced conscription – and certain death on the front lines.

Ultimately, the war in Ukraine is not just against a psychopathic NATO proxy. It is against the Western system of global domination and its NATO war machine. History shows that a negotiated detente is only a stepping stone for more aggression further up the road. The Western powers incubated the Nazi virus and unleashed its mutated strain in Ukraine. Not only does the Kiev Nazi virus have to be eradicated. So too ultimately must the Western imperialist disease that is the progenitor. Russia’s territory is the site of a historic, world-changing confrontation. That confrontation goes all the way back to the heroic battles of the Donbass, Crimea and Kursk against the Wehrmacht in 1943-44 culminating in the present against NATO. After this climactic battle is finally won by Russia, there should be never any repetition. That entails a definitive defeat of the Western imperialism that earlier spawned Nazi Germany and today’s U.S.-led NATO.

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“The liberalism in which Putin believes no longer exists in the West. So why is Putin relying on it?”

Putin Relies on Reason which the West Has Abandoned (Paul Craig Roberts)

Vladimir Putin is an old-fashioned American liberal. He believes in reason, good will, working things out, and agreements despite having zero evidence that any such reciprocating belief exists in the West. Putin’s illusions have caused him and Russia extraordinary difficulties. Russia is currently at war in Ukraine, although Putin still doesn’t seem to realize it, referring to it as a “limited military operation” despite the obvious fact that Russia is at war with NATO which includes the US. It is sad that Putin, a person with good intentions, doesn’t have his counterparts in the Western world. Now it comes to light that the British and Ukrainian governments planned to assassinate both Russia’s President Putin and Defense Minister Andrei Belousov at the Navy Day parade in St Petersburg.

In my columns I have several times mentioned that Putin and Trump are candidates for assassination. The recent attempt on Trump, which has been removed from the “news,” has now been matched by the statement of Russia’s Deputy Foreign Minister, Sergei Ryabkov, on Russian national television that Belousov called US Defense Secretary Lloyd Austin and squashed the assassination plan, explaining, apparently, that World War III would be the result. Maria Zakharova, spokesperson for the Russian Foreign Ministry said: “There is no doubt that the assassination attempt was planned with the participation of the Anglo-Saxon masters of Kiev.” Still, Putin wants to negotiate the end of the Ukrainian conflict. How precisely do you negotiate with people who are trying to assassinate you?

Dmitry Medvedev, President of Russia during the Putin Interregnum, currently deputy chairman of the Russian National Security Council, seems to have come to a clear vision. Here are his latest words, and one wonders if Putin hears them: “From this moment, the special military operation should become openly exterritorial in nature. We can and should go further into what still exists as Ukraine. To Odessa, Kharkov, Dnepropetrovsk, Nikolaev. To Kiev and further. There should be no restrictions in terms of recognized borders.” In other words, the nonsensical “limited military operation” should be over and done with. It is time to get serious. The liberalism in which Putin believes no longer exists in the West. So why is Putin relying on it? I raise these questions because it appears that the combination of Washington’s provocations and Russian restraint is leading to a terrible war that is in no one’s interest.

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“We cannot do that..”

Mexico Responds To Ukraine’s Request To Arrest Putin (RT)

The President of Mexico Andres Manuel Lopez Obrador has rejected a request by Ukraine to arrest Vladimir Putin, if the Russian leader were to land in the Latin American country this fall for the inauguration of its new head of state. The International Criminal Court (ICC) issued an arrest warrant for Putin last year in connection with the conflict between Russia and Ukraine. Mexico is one 124 nations recognizing the jurisdiction of The Hague-based body. “We cannot do that,” Lopez Obrador replied when asked by journalists during a press conference on Thursday if the Mexican authorities are really going to detain the Russian president. “It is not up to us,” he added, as cited by Reuters.

Izvestia newspaper had reported on the previous day that Mexico had invited Putin to the inauguration this October of its new president, Claudia Sheinbaum. According to the Mexican Embassy in Moscow, the Russian leader will decide whether to attend the ceremony himself or send some other high-ranking official to represent the country. The Ukrainian embassy in Mexico reacted to the news by reminding the country’s government that Putin is wanted by the ICC and by asking it to arrest the Russian leader if he comes. “We are confident that the Mexican government would comply with the international arrest warrant by handing the aforementioned person over to the judicial body of the UN in The Hague,” Kiev’s diplomatic mission said in a statement on Wednesday. It also thanked Mexico City for inviting Ukrainian leader Vladimir Zelensky to the inauguration.

Mexico has taken a neutral stance toward the conflict between Russia and Ukraine, with Lopez Obrador a critic of US military aid to Kiev and of the sanctions imposed on Moscow by the West. The outgoing president’s successor, Sheinbaum, is a close ally and is expected to continue his policies. In March 2023, the ICC formally accused Putin and Russia’s commissioner for children’s rights of “forcible transfer of the population,” referring to evacuations of minors from combat zones amid fighting between Russian and Ukrainian forces. Moscow has dismissed the allegations as false, while also accusing the court of being politically compromised. Russia, which never ratified the 1998 Rome Statute that established the ICC, also pointed out that the UN body had no authority over it.

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“..If we did not have an aggressive ally, like the United States, aggressive to others in the region, there would be nobody attacking Australia. We are better left alone..”

Australia Being Turned Into ‘51st US state’ – ex-PM Keating (RT)

The US is surrounding Australia with military bases under the AUKUS pact, which undermines the country’s sovereignty and makes it a legitimate target for China, former Prime Minister Paul Keating has said. In an interview with ABC on Thursday, Keating, who served as prime minister between 1991 and 1996, voiced strong skepticism about whether his country benefits from being a member of AUKUS – a landmark security partnership between Australia, UK, and the US, which was announced in 2021. The pact, which has been condemned by China, focuses on helping Australia acquire nuclear-powered submarines. Keating argued that by allowing the US to “displace our military” and surround the country with bases, Canberra is essentially giving up its right to determine its foreign and defense policy. Australia will “completely lose” its strategic autonomy as a result, he claimed.

“So AUKUS is really about, in American terms, the military control of Australia,” Keating said, adding that the government of Prime Minister Anthony Albanese is “likely to turn Australia into the 51st state of the United States”. The former prime minister added that the expanded military presence makes the country a target from China’s point of view. “We’re now defending the fact that we’re in AUKUS… If we did not have an aggressive ally, like the United States, aggressive to others in the region, there would be nobody attacking Australia. We are better left alone,” Keating said. The US, he argued, is trying to “superintend” China, with tensions between the two being fueled by a power struggle over the self-ruled island of Taiwan, which Beijing views as part of its sovereign territory. However, Keating argued that the Taiwan situation “is not a vital Australian interest” while China “has no strategic design” on Australia.

The US attitude to Taiwan is comparable to China deciding that Tasmania needed help breaking away from Australia, he said.The former prime minister’s remarks come after Australian Defense Minister Richard Marles and Foreign Minister Penny Wong traveled to Washington for talks about the AUKUS pact, and to discuss a new agreement on the transfer of nuclear material to Canberra as part of its push to acquire domestic-built atomic submarines from the 2030s. China has warned that the AUKUS agreement raises nuclear proliferation risks, adding that it was conceived in the “Cold War mentality which will only motivate an arms race.” Russia has also sounded the alarm about the security situation in the Asia-Pacific, insisting that it “has no place for closed military and political alliances.”

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“..evidence from many years of scientific observation suggests the corals often and quickly recover..”

Third Year of Record Coral Increase on the Great Barrier Reef (DS)

Massive increases in coral across the Australian Great Barrier Reef (GBR) have been reported for 2023-24 making it the third record year in a row of heavy growth. Across almost all parts of the 1,500 mile long reef, from the warmer northern waters to the cooler conditions in the south, coral is now at its highest level since detailed observations began. The inconvenient news has been ignored in mainstream media which, curiously, have focused on a non-story in Nature that claimed “climate change” poses an “existential threat” to the GBR. “The science tells us that the GBR is in danger – and we should be guided by the science,” Professor Helen McGregor from the University of Wollongong told Victoria Gill of BBC News. The existential threat is “now realised” reported the Guardian.

Travelling back from the reality inhabited by the Guardian, it can be reported that last year’s gains were eye-catchingly large. On the Northern GBR, hard coral cover leapt from 35.8% to 39.5%, in the central area it rose from 30.7% to 34%, while in the south it went from 34% to 39.1%. The report is the result of monitoring of hard coral cover reefs from August 2023 to June 2024 by the Australian Institute of Marine Science (AIMS). The percentage of hard coral cover is a standard measurement of reef conditions used by scientists and is said to provide a simple and robust measure of reef health. Similar reports have been published by the AIMS over the last 38 years.

For the first two years of record coral growth, the narrative-driven mainstream media ignored the recovery story. But this year, the suspicious might contend, something had to be done to blunt the sensational news of the stonking rises. Help has come in the form of a paper just published in Nature which uses proxy temperature measurements and climate models to suggest temperatures around the vast reef area are the highest recorded in 400 years. This time period is the blink of an ecological eye-lid given that coral has been around for hundreds of millions of years during periods when temperatures and atmospheric carbon dioxide have been markedly different. Nevertheless, this is said to pose an existential threat despite it being known that sub-tropical corals thrive between 24°C-32°C, and in fact seem to grow faster in warmer waters.

Natural bleaching, when the coral expels algae and turns white, can occur with temporary local temperature changes, but evidence from many years of scientific observation suggests the corals often and quickly recover. Long term changes in water temperature – tiny compared to coral’s optimum conditions – pose no threat, but alarmists concentrate on the bleaching events to warn of possible ecological collapse. The Guardian noted a recent fifth mass bleaching in eight years across the reef, driven, it claimed, by “global heating”. So far, its readers are in the dark as to how this squares with the recent record growth. A decade of mass bleaching, relentlessly catastrophised in the interests of Net Zero by activists in the media, academia and politics, does not appear to have done much harm to the recent growth in the Northern GBR.

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Babies
https://twitter.com/i/status/1821950104229556548

 

 

Brutal

 

 

Kingfu

 

 

Snow leopard
https://twitter.com/i/status/1821889171444883650

 

 

F(r)ens

 

 

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

 

 

 

 

 

Apr 262023
 


Vincent van Gogh Tulip fields 1883

 

Can a Woke Military Win Wars? (Kimball)
The Status Of Ukraine’s Much-hyped ‘Counteroffensive’ Against Russia (RT)
Ukraine Risks Losing Western Support If Counteroffensive Fails – NYT (RT)
British Depleted Uranium Already In Ukraine (RT)
West Turning Ukraine Into ‘Radioactive Landfill’ – Embassy (RT)
US May Be Preparing Biological War Against Russia – Patrushev (TASS)
G7 Ban On All Exports To Russia ‘Not Doable’ – FT (RT)
China Doesn’t Want Peace In Ukraine, Czech President Warns (Pol.eu)
Russia Lists Obstacles To Moving UN From New York (RT)
Lavrov: West’s ‘Schizophrenic Logic’ And UN Head’s Letter (TASS)
Will America Win From De-dollarisation? (Fazi)
Decision on Trump Indictment to Be Announced ‘In the Near Future’ (ET)
FDA: Vaccines Don’t Have to Prevent Infection or Transmission (ET)
Whistleblower: US Govt Is ‘Middleman’ In Child Trafficking Op (Fox)
Just 3% of Australians Know the Great Barrier Reef is at a Record High (DS)

 

 

 

 

Ed Dowd M2
https://twitter.com/i/status/1650984403202625536

 

 

Tucker Zelensky
https://twitter.com/i/status/1650651758249533441

Tucker JFK
https://twitter.com/i/status/1650841641375223810

 

 

 

 

Biden by Trump

 

 

Rostov
https://twitter.com/i/status/1650760804923211776

 

 

 

 

Choice:
1) We want to win.
2) We only want to win if everybody uses the right pronouns.

Can a Woke Military Win Wars? (Kimball)

For a couple of years now, the U.S. military has had a serious recruitment problem. That isn’t really a surprise. Our leaders have injected the entire menu of radical “woke” ideology into the tissues of the military establishment. Gen. Mark Milley, chairman of the Joint Chiefs of Staff, worries about “white rage” and supports teaching critical race theory to the troops. When Secretary of Defense Lloyd Austin took office under President Joe Biden, he issued a 60-day “stand down” order to the entire military in pursuit of battling “extremism” and achieving “equity” in the military. In March 2022, the Biden administration announced a new policy under which people suffering from gender dysphoria would not only be allowed to serve in the military but also would have their “gender reassignment” surgery paid for by taxpayers.

Traditionally, conservative families, especially conservative working-class families, supplied a large percentage of military recruits. Those families aren’t thrilled by the intrusion of such politically correct sentiments into an institution hitherto marked by its commitment to traditional moral and martial values. They aren’t interested in sending their children to be catechized by anti-American Marxists or apostles of sexual exotica. The Biden administration seems blissfully unaware of this reality. At least, I assume it’s unaware of what two retired Army generals called “a major threat to our national security.” Otherwise, it would be difficult to explain Biden’s recent executive order regarding “environmental justice.” According to the White House, the new order is part of the administration’s “whole-of-government effort to confront longstanding environmental injustices and inequities.”

Of course, we live at a time when everything is potentially racist. Secretary of Transportation Pete Buttigieg even argued that highway designs in the United States are “racist.” So it should come as no surprise that “environmental justice” is really just an aspect of “racial justice.” “For far too long,” the executive order reads, “communities across our country have faced persistent environmental injustice through toxic pollution, underinvestment in infrastructure and critical services, and other disproportionate environmental harms often due to a legacy of racial discrimination including redlining.” And let’s not forget the other big-ticket item on the agenda of the left: “climate change.” “These communities with environmental justice concerns face even greater burdens due to climate change,” the White House stated.

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“..only 20,000 of the 100,000 troops assembled are actually combat-ready..”

The Status Of Ukraine’s Much-hyped ‘Counteroffensive’ Against Russia (RT)

So far, Ukraine’s planned military assault, originally announced for November 2022, has been postponed indefinitely. Foreign sources differ in their assessment of Kiev’s readiness for a counterattack against Russia and agree that it is difficult for the Ukrainians to gather enough forces. What is stopping the Armed Forces of Ukraine (AFU) from advancing now? One of the main problems preventing the AFU from carrying out the announced offensive is considered to be a lack of experienced personnel. A large portion of the combat-ready, equipped and motivated cadre units of the AFU (as well as the NGU and Territorial Defense) have already been destroyed in Mariupol, Artemovsk, Soledar, Popasnaya, Lisichansk, Severodonetsk and during the battles in the Kherson and Kharkov regions in the summer of 2022. Meanwhile, a new grouping of equal professionalism and equipment levels has not yet been formed. However, NATO and US officials differ in their estimates of the number of AFU formations.

US Defense Secretary Lloyd Austin said after the Rammstein Contact Group meeting earlier this year that Western countries had managed to prepare nine armored brigades. This figure is questionable, however, as at least 837 tanks would be needed for that size of a deployment. After Rammstein, Austin reported deliveries of 230 battle tanks, suggesting a deliberate misrepresentation of the size of the Ukrainian group. How many reserves has the AFU built up? Michel Goya, a French army colonel and renowned expert on modern warfare and combat innovation, disagrees. He estimates that no more than three or four Ukrainian brigades could realistically be trained and armed by NATO and the US in the time frame allowed. At the same time, the recently popular estimate of the number of Ukrainian reserves for a counterattack at 200,000 looks doubtful, since in this case the AFU forces would have to exceed the combined US and NATO forces at the time of the attack on Iraq in 2003 by 30,000-40,000 (at that time it was 160,000 men).

The most likely figure is 80,000-100,000, which have been trained both inside and outside Ukraine since the beginning of Russia’s military operation. There is an important caveat. Apart from the combat experience and capabilities of the grouping, it is not clear which forces are the combat-ready vanguard and which are support units (the so-called “tooth-to-tail” ratio). If the AFU is planning an offensive like the US in Iraq, only 20,000 of the 100,000 troops assembled are actually combat-ready, the rest are support and sustainment forces.

What difficulties does the AFU face? The conceptual problem of the offensive is the lack of surprise. AFU units are waiting in all directions – from Artemovsk to Kherson, so it is extremely difficult to surprise Russian forces in such a situation. Moreover, the movements of the Ukrainian army are well monitored, and it is almost impossible to accumulate a group of 20,000-150,000 troops unnoticed in such conditions. If they abandon massing their soldiers, and spread the forces across the front, all the advantages of large numbers are lost. An additional difficulty is time. Delaying an offensive means not only guaranteeing the loss of Artemovsk/Bakhmut, which is being cleared at the rate of two or three blocks every 24 hours, but also disrupting the plans of foreign partners and nullifying all the financial and military aid provided so far. Moreover, every day that the AFU’s offensive is delayed is an extra day for the Russian army to prepare and reinforce.

Prigozhin
https://twitter.com/i/status/1650908155440775188

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Ukraine never had a chance, but they got the support regardless.

Ukraine Risks Losing Western Support If Counteroffensive Fails – NYT (RT)

Ukraine is far from guaranteed to succeed in a counteroffensive against Russia despite receiving Western weapons, training, and intelligence support, the New York Times has stated. An underwhelming outcome would likely prompt Kiev’s backers to press it to negotiate for peace, the newspaper predicted. Kiev has long touted an upcoming push as the next decisive phase of the conflict with Russia. The NYT claimed on Monday that the offensive could be launched as early as May, although Ukrainian Prime Minister Denis Shmigal recently assessed that it might not get underway until the summer. According to classified documents shared as part of the Pentagon leaks, Ukraine is planning to use 12 combat brigades of about 4,000 troops each in its renewed campaign against Russian forces.

The US and its allies have helped train nine of those units, with soldiers being taught to use Western-provided equipment and receiving tactical advice at American military facilities in Germany. Ukraine’s partners are also expected to provide it with intelligence for the proposed assault. “Everything hinges on this counteroffensive,” Alexander Vershbow, a former US ambassador to Russia and senior NATO official, said of the future operation. “Everybody’s hopeful, maybe over-optimistic. But it will determine whether there is going to be a decent outcome for the Ukrainians.” Kiev has ruled out negotiations with Moscow until it recaptures all the territories that it claims as its own. However, even with all Western help, “big gains are not guaranteed, or even necessarily likely,” the NYT warned.

The newspaper cited Ukrainian battlefield losses, heavy expenditure of munitions, and Russian troops digging in and preventing the enemy from using Western-taught warfare as working against Kiev. After the push is over, “there is little chance that the West can recreate the buildup… for the foreseeable future” the report argued. The US and its allies have largely exhausted their military inventories after flooding Kiev with military aid, causing gaps that are unlikely to be filled until next year, experts assessed. Meanwhile, Russia is ramping up pressure against Ukraine despite previous setbacks, meaning that “the window to make significant gains… may not remain open indefinitely,” the NYT stated. With larger reserves at its disposal, Moscow could emerge victorious in the conflict, it acknowledged.

Politico previously reported that the White House was bracing itself to mitigate the fallout from a potentially poorly-executed Ukrainian counteroffensive. A temporary truce could give Kiev time for a military buildup before another offensive at a later point, US officials claimed to the outlet.

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“Asked whether the government has a responsibility to “help clear up depleted uranium rounds” used in Ukraine after the conflict, the minister stated it has “no obligation” to do so..”

British Depleted Uranium Already In Ukraine (RT)

The UK government has already started shipments of depleted uranium ammunition to Ukraine, Armed Forces Minister James Heappey said, noting that the British military would not attempt to track where the weapons are used. In response to questions from Scottish MP Kenny MacAskill, Heappey confirmed on Tuesday that DU munitions for the UK-made Challenger 2 tank had already arrived in Ukraine, though declined to comment on Kiev’s “usage rates for the rounds provided.” “We have sent thousands of rounds of Challenger 2 ammunition to Ukraine, including depleted uranium armour-piercing rounds,” he said, adding the weapons “are now under the control of the Armed Forces of Ukraine (AFU)” and that the Defence Ministry “does not monitor the locations from where DU rounds are fired by the AFU in Ukraine.”

Asked whether the government has a responsibility to “help clear up depleted uranium rounds” used in Ukraine after the conflict, the minister stated it has “no obligation” to do so, instead stressing “Ukraine’s immediate needs.” While Heappey has claimed the health and environmental risks posed by depleted uranium are “low,” citing the “monitoring of UK military veterans” performed for a government study in 2007, more recent research suggests the munitions could carry health hazards after all. The United States used DU ammunition heavily during its two wars in Iraq, with some researchers claiming the weapons could be linked to a spate of birth defects later observed in the country. According to Doug Weir, an expert with the Conflict and Environment Observatory, when DU penetrators strike a target, “they fragment and burn, generating chemically toxic and radioactive DU particulate that poses an inhalational risk to people.”

Both the US and UK governments have long disputed the alleged dangers, however. In March, British and American advisers oversaw special training for Ukrainian troops for how to handle DU rounds, which will primarily be used for the Challenger 2 tank. London previously vowed to send a total of 14 of the tanks to Ukraine, though it is unclear whether any have reached the battlefield. Moscow has repeatedly urged against foreign arms shipments to Kiev, namely the British DU munitions, with the Foreign Ministry condemning London for “absolute recklessness, irresponsibility and impunity.” Last month, the Russian military also warned that the use of uranium shells is likely to “cause irreparable harm” to the health of Ukrainians and inflict “tremendous economic damage to the agro-industrial complex” in the region, citing the weapon’s impact in Iraq.

Tucker USnukes

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“..given the “chemotoxic and radiotoxic” properties of DU. Moscow has urged foreign powers to cease all weapons shipments to Ukraine..”

West Turning Ukraine Into ‘Radioactive Landfill’ – Embassy (RT)

Russia has condemned the UK’s decision to send depleted uranium shells to Ukraine, saying the move marks an “all-out escalation” after the British Defence Ministry confirmed the radioactive weapons were already in Kiev’s hands. Moscow’s UK embassy issued a statement on Tuesday after senior official James Heappey acknowledged that the British DU munitions had arrived on the battlefield, to be fired from Challenger 2 tanks also supplied to Ukraine. “James Heappey’s comments are a grim testament to the ruthlessness of the Anglo-Saxons’ policy of all-out escalation of the ‘proxy conflict’ they themselves unleashed in Ukraine,” it said. “He cynically stated that London is not monitoring the deployment of these weapons and has no obligation to eliminate the consequences of their use following the end of the conflict.”

“It has by now become self-evident that the West intends this country to become not only an anti-Russian military “shooting range,” but also a radioactive landfill – with all the ensuing grave consequences for the health of local residents and the environment in the region”. The embassy went on to say that the British government would be responsible for the effects of the “toxic ammunition” and could not escape accountability by passing them off to Ukrainian forces. In an interview with RT last week, Russia’s envoy to Britain, Ambassador Andrey Kelin, warned that DU munitions will be a “terrible thing… for the agriculture and for the people” of Ukraine, saying radioactive residue could contaminate the country’s water and soil “for at least six generations.”

Both UK and US officials have disputed the purported health hazards associated with DU shells – which use a dense uranium core to improve their armor-piercing capabilities – and deny allegations that the weapons were linked to a spike in cancer and birth defects in Iraq. Heappey has claimed depleted uranium carries only “low” health and environmental risks, pointing to a 2007 government study. He later added that the Defence Ministry would make no effort to track where Ukrainian forces use British-supplied DU rounds, and had “no obligation” to assist clean-up efforts after the conflict.

However, according to Doug Weir, an expert with the Conflict and Environment Observatory, uranium munitions generate “chemically toxic and radioactive DU particulate” when they strike hard targets, adding that the dust poses “an inhalational risk to people.”Other recent research has also indicated the weapons could produce “adverse health outcomes” given the “chemotoxic and radiotoxic” properties of DU. Moscow has urged foreign powers to cease all weapons shipments to Ukraine, arguing the aid would not deter its military aims but only prolong the conflict. After the UK announced its decision to supply depleted uranium rounds to Kiev last month, the Russian Foreign Ministry said Western nations would like to “see Ukraine completely destroyed” and are acting with “absolute recklessness, irresponsibility and impunity.”

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May sound a bit crazy, but Patrushev is not crazy.

US May Be Preparing Biological War Against Russia – Patrushev (TASS)

Russian Security Council Secretary Nikolay Patrushev urged Russia on Tuesday to counteract US efforts to launch a biological war against it and other countries. “Specific biological research being used by the United States in developing military programs requires the closest attention of our scientific community,” Patrushev said, urging proactive efforts to counteract preparations for a biological war against Russia and other countries. Patrushev elaborated on technological breakthroughs that he said “may affect the global balance of power further down the road.” He referred to “an avalanche-like increase in global research in the sphere of IT and quantum technology, as well as AI.” “Experts claim that the use of such technologies can [lead to] and has already prompted a social transformation,” the top Russian security official said, calling for a thorough analysis into the problem.

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Cut it out already..

G7 Ban On All Exports To Russia ‘Not Doable’ – FT (RT)

A US proposal for G7 nations to introduce a complete ban on exports to Russia has met with strong opposition from the EU and Japan, the Financial Times reported on Tuesday, citing unnamed officials. According to the outlet, a draft statement prepared for a three-day G7 summit in Hiroshima in May includes a bold proposal to replace the current sector-by-sector penalties against Moscow with a full export ban, albeit with exemptions for areas such as agricultural and medical products. The US is reportedly pushing the plan amid concerns that existing sanctions contain loopholes that allow Moscow to continue importing technology from the West. However, lawmakers from Japan and EU member states reportedly suggested in a preparatory meeting last week that the measure would be impossible.


“From our perspective it is simply not doable,” said one official who spoke to the FT on condition of anonymity. Last week, Bloomberg reported that G7 nations were discussing a potential outright ban on most exports to Russia as part of a broader agenda to tighten economic pressure. Since February 2022, the EU alone has adopted 10 packages of anti-Russian sanctions in response to Moscow’s military operation in Ukraine. Kremlin spokesman Dmitry Peskov has warned against a blanket export ban, arguing that it could result in a full-scale global economic crisis. Former Russian president and current deputy chairman of the National Security Council, Dmitry Medvedev, warned that Moscow could quit the Black Sea grain deal if the G7 imposes a total ban on exports to Russia.

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He’s literally straight out of NATO.

China Doesn’t Want Peace In Ukraine, Czech President Warns (Pol.eu)

China cannot be trusted to mediate peace between Russia and Ukraine, Czech President Petr Pavel is warning, telling POLITICO that Beijing benefits from prolonging the war. His comments come as China is trying to position itself as a peacemaker in Ukraine, recently floating a vague roadmap to ending the conflict. And while most Western allies have been skeptical of the overtures, some countries like France insist China could play a major role in peace talks. Pavel, a former general and senior NATO leader, was unequivocal, however. When it comes to Ukraine, he argued, China only wants what’s best for itself — and, for now, that’s more war. “I believe that it is in China’s interest to prolong the status quo,” Pavel said, “because it can push Russia to a number of concessions.”

Beijing, he said in an interview late last week, can get cheap oil, gas and other resources from Moscow — in exchange for its “no limits” partnership with the Kremlin. “It is also good for China that the West is probably becoming a little bit weaker by supporting Ukraine,” he added. Pavel’s remarks seemed prescient when, only hours after he spoke, China’s ambassador to France provoked indignation by proclaiming that former Soviet countries have “no effective status” in international law — a comment that came in response to a question about whether Crimea belongs to Ukraine. Although Beijing on Monday distanced itself from the remarks, the incident has stoked the heated conversation around whether China can ever help bring peace to Ukraine. “I don’t think,” the Czech leader said, that “China has a real interest to resolve the war in a short time.”

Pavel, who took office as president last month, said Beijing is using the war to learn. “China is taking lessons out of the conflict every day,” Pavel said. “They closely follow what Russia is doing, how the West is reacting.” Pavel, who chaired NATO’s military committee from 2015 to 2018, won the Czech presidential race earlier this year on a pro-Western platform. Now, he is using his knowledge of the alliance’s inner workings and his extensive military experience — highly unusual for a European leader — to advocate for more effective support for Ukraine and a more nuanced approach to NATO defense policy. During a visit to Brussels last week, Pavel floated the idea of creating a new proposal for extending defense companies’ production lines — possibly using a mix of national and European subsidies — so that they could have extra capacity to draw upon in times of crisis.

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“a lot of reasons” why national governments are reluctant to leave the largest city in the US, with one of them being that “they have real estate there..”

Russia Lists Obstacles To Moving UN From New York (RT)

UN member states are against the idea of moving the organization’s headquarters out of New York City mainly due to financial limitations, according to Pyotr Ilyichev, a high-ranking official at the Russian Foreign Ministry. “[Russia] would, of course, like to relocate [the UN HQ] to some other more neutral spot, like Geneva or Vienna, but many member states don’t want to leave New York,” Ilyichev, who heads the Department of International Organizations at the ministry, said on Monday. According to the diplomat, there are “a lot of reasons” why national governments are reluctant to leave the largest city in the US, with one of them being that “they have real estate there. It’s hard for them to sustain two [UN] missions, so they have everything situated in New York. Those are more of the financial and economic reflections.”

Russia is “thinking” about moving the UN headquarters out of New York, where it has been located since the formation of the global body in 1951, he said. “The Austrians and the Swiss are more neutral” compared to the Americans, Ilyichev stated. Besides its New York-based headquarters, the UN also has offices in Geneva, Vienna, and Kenyan capital Nairobi. A Russian delegation headed by Foreign Minister Sergey Lavrov had difficulties with obtaining US visas to attend UN Security Council (UNSC) meetings in New York on Monday and Tuesday. The country’s journalists were denied permits to enter the US by the American authorities altogether, without any explanation.

Lavrov argued that such behavior by the US isn’t worthy of a UN host nation. The Americans have just “chickened out,” he suggested, while promising that the move won’t be left unanswered by Moscow. Russia, which currently holds the presidency of the UNSC, had planned some “major newsbreak events” in New York this week and barring the pool of the country’s reporters from participating was completely unacceptable, Russian Deputy Foreign Minister Sergey Ryabkov said. When asked about the possibility of relocating the UN headquarters to another country on Monday, Kremlin press secretary Dmitry Peskov replied that it was “an issue of additional thinking, additional analysts.”

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“The Americans have started the de-dollarization process.”

Lavrov: West’s ‘Schizophrenic Logic’ And UN Head’s Letter (TASS)

Russian Foreign Minister Sergey Lavrov has branded as schizophrenic the West’s statements that talks between Russia and Ukraine will be possible only after Kiev’s counteroffensive at a news conference in New York. The minister said that Moscow declared all its goals during the special military operation, but would like to learn what the West is up to in Ukraine. He also urged those who theoretize about the possibility of the Third World War to show responsibility. Among other things, the minister also spoke about Russian President Vladimir Putin’s possible response to a letter by UN Secretary General Antonio Guterres. Below are Lavrov’s main remarks, made at a news conference to sum up the results of his visit to the United States within the framework of Russia’s presidency in the UN Security Council.

“Now, this funny theory has emerged: let us we (Western nations – TASS) ensure Ukraine’s successful counteroffensive and then we will ask Ukraine, [President Vladimir] Zelensky to begin talks. But this is schizophrenic logic. We don’t want any threats to our security to come from Ukrainian territory and these threats have been accumulating there for years, especially after the state coup in February 2014.” Speaking about whether achieving peace in Ukraine is possible this year, he said: “Hopes and expectations are not what I’m paid for.” Russia declared all its goals during the special military operation, but would like to learn what the West is up to in Ukraine, and “would also like to hear from our Western colleagues, as a reciprocal move, what goals are they pursuing there.”

[..] Ukraine’s urgent accession into the European Union will expose the organization’s true goals, the Russian foreign minister said. It “will prove that its membership is not about meeting some kind of criteria, that it is a purely geopolitical game of grabbing as many territories as possible that are unclaimed or about to become unclaimed.” Meanwhile, the European Union “is militarizing on the double and is turning into an aggressive entity dead set on containing Russia.” This affects, among other things, the union’s admission policies: “This is what the European Union is like now: if you are conducting anti-Russian policies, your chances [of membership] are very good.”

In Lavrov’s words, “sanctions against Russia are indeed such that no one has ever seen and could hardly imagine, but for us it is a clinched question. We are well-placed for not depending on such behavior of Western colleagues that have proved the lack of deal-making skills.” “Preparations are underway for a new round of the global dominion war, or rather the war for an attempt to maintain global dominion. It may probably slow down the natural process of the formation of multipolar world order, but not for long.” “The shift to settlements in national currencies bypassing the dollar, the euro and the yuan, to digital currencies can no longer be stopped, and the future of the international currency financial system, including the IMF, the World Bank, remains to be seen,” he said. “”The Americans have started the de-dollarization process.”

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“As Wolfgang Münchau wrote, by weaponising international reserves, the US had “taken the biggest gamble in the history of economic warfare..”

Will America Win From De-dollarisation? (Fazi)

The most important element in the debate over the utility of Western sanctions against Russia, is also the most ignored. The sanctions regime mostly comprises of restrictions that have been deployed before, such as export bans and the freezing of certain assets. Even the controversial exclusion of a number of Russian banks from the main international banking message system, SWIFT, was not exceptional, having already been used against Iran. But the freezing of Russia’s foreign-exchange reserves, worth around $300 billion — about half of its overall reserves — was significant. While the US had behaved similarly with Afghanistan, Iran, Syria and Venezuela, none of these targets was remotely as powerful as Russia: a member of the G20, and the world’s largest nuclear power. Likewise, none of the 63 central banks that are members of the Bank for International Settlements (BIS) in Basel — known as the central bank of central banks — had ever been the target of financial sanctions, not even during the Second World War.

At the time, the decision received relatively little attention. Future historians, however, will look back on it as the trigger that set in motion one of the biggest snowball effects in history, one which now threatens the very foundations of the American Empire. In our age of fiat money, reserves aren’t held in the form of physical dollars (or other currencies) stashed in the vaults of foreign central banks. They are simple IOUs — a credit recorded in the accounting sheets of the Federal Reserve and other central banks. In the dealings between countries, just as in the dealings between individuals or companies and commercial banks, trust is therefore fundamental: just as you would never deposit your salary in a bank if you had even the remotest fear that it might freeze or confiscate your money, no country wants to hold reserves which may be snatched away at any moment.

This move, therefore, violated an almost sacred principle: the neutrality of international reserves. The message was clear: from now on, the US would stop at nothing to punish countries that stepped out of line or defied Western diktats. And if this could happen to Russia, a major power whose central bank reserves were mostly earnings from sales to the West, it could happen to anyone. As Wolfgang Münchau wrote, by weaponising international reserves, the US had “taken the biggest gamble in the history of economic warfare”. In one fell swoop, he noted, the US had “undermined trust in the US dollar as the world’s main reserve currency”, and encouraged China and Russia to “bypass the Western financial infrastructure”. For non-Western nations — especially China, which is heavily exposed to US assets — disengaging from the dollar, and more in general from the US-led international monetary and financial system, acquired a sudden urgency.

De-dollarisation was not something that would happen overnight, that much was clear. But the wheels of history were set in motion. It is no coincidence that most of the world’s nations didn’t join the West in slapping sanctions on Russia, but quietly started strengthening their ties with Russia and China in an effort to reduce their dependence on the dollar-centric system. In just over 12 months, the world has undergone a greater tectonic shift, in geopolitical terms, than it has in decades: the long-heralded post-Western international order — comprising the BRICS and dozens of other countries making up most of the world’s population — has finally become a reality. The US, as former Treasury Secretary Larry Summers recently said, is lonelier than it has ever been.

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“Willis characterized Trump’s wording during the call as evidence of “criminal disruption” of the 2020 election, and has based her case on charges around that allegation..”

“The President participated in two perfect phone calls regarding election integrity in Georgia..”

Decision on Trump Indictment to Be Announced ‘In the Near Future’ (ET)

A Georgia district attorney wrote in a letter dated April 24 that she intends to announce potential indictments resulting from a probe into former President Donald Trump and his associates for alleged interference in the 2020 election with his calls for investigations. “In the near future, I will announce charging decisions resulting from the investigation my office has been conducting into possible criminal interference in the administration of Georgia’s 2020 General Election,” Fani Willis, District Attorney of Fulton County, Georgia, wrote in a letter addressed to Fulton County Sheriff Patrick Labat on Monday. The Atlanta Journal-Constitution first reported the letter. Willis wrote she would announce the charging decisions between July 11 and Sept. 1.

Willis’s Monday announcement was the latest update in the special-purpose grand jury investigation she launched in 2021 and led thereafter. While the grand jury proceedings had occurred behind closed doors, the probe is believed to center on a 2020 phone call between Trump, Trump’s legal team, and Georgia’s Secretary of State Brad Raffensperger and his team. “All I want to do is this. I just want to find 11,780 votes, which is one more than we have because we won the state,” Trump allegedly told Raffensperger during the phone call on Jan. 2, 2021, a transcript of which was released by media organizations.

Willis characterized Trump’s wording during the call as evidence of “criminal disruption” of the 2020 election, and has based her case on charges around that allegation. The grand jury heard testimony from Trump’s former associates, including Rudy Giuliani and former National Security Advisor Michael Flynn. Trump has denied all allegations of wrongdoing on his part. The grand jury was discharged in January. In early February, the Fulton County Superior Court released a portion of the jury panel’s report, which did not include the list of names to whom indictments were recommended. Emily Kohrs, the grand jury’s foreperson, told media outlets in February that the group recommended indictments.

“The long awaited important sections of the Georgia report, which do not even mention President Trump’s name, have nothing to do with the President because President Trump did absolutely nothing wrong,” Trump spokesperson Steven Cheung told CNN in a following statement in February. “The President participated in two perfect phone calls regarding election integrity in Georgia, which he is entitled to do—in fact, as President, it was President Trump’s Constitutional duty to ensure election safety, security, and integrity,” Cheung added.

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Redefine the redefinitions..

FDA: Vaccines Don’t Have to Prevent Infection or Transmission (ET)

Vaccines don’t have to prevent infection or transmission to be cleared in the United States, the country’s top regulatory agency said in a new document. “It is important to note that FDA’s authorization and licensure standards for vaccines do not require demonstration of the prevention of infection or transmission,” Dr. Peter Marks, a top official at the U.S. Food and Drug Administration (FDA), said in the document. Marks was writing as he rejected nearly all recommendations from a group of experts that advised the FDA to update the labels for the Pfizer and Moderna COVID-19 vaccines. Vaccines are traditionally known as drugs that prevent an illness. The U.S. Centers for Disease Control and Prevention (CDC) for years said a vaccine is a product that “produces immunity” while vaccination is an injection of an infectious organism “in order to prevent the disease.”

The agency changed its definitions after people correctly noted that COVID-19 vaccines do not prevent infection. The Coalition Advocating for Adequately Labeled Medicines, a group of experts, had called for the FDA to make clear that the COVID-19 vaccines don’t prevent infection or transmission. “There is a widespread (but inaccurate) notion that efficacy against infection and transmission have been established by substantial evidence, and that these vaccines contribute to herd immunity,” the group said, pointing to claims from President Joe Biden, the head of the CDC, and Dr. Anthony Fauci that vaccinated people would not get sick or infected. Biden, for instance, falsely said in 2021 that “you’re not going to get COVID if you have these vaccinations.”

“To remedy this situation, language clarifying that phase III trials were not designed to determine and failed to provide substantial evidence of vaccine efficacy against SARS-CoV-2 transmission or death must be added to labels,” the coalition said. SARS-CoV-2 causes COVID-19. While it’s uncommon to include in product labeling what a product has not been proven to do, there are cases where it’s necessary due to inaccurate assumptions, the coalition said. They pointed to the FDA stating that the influenza medicine Tamiflu “has not been shown to previous serious complications of influenza” after the drug’s manufacturer said it reduced complications by nearly half.

Marks rejected the request, writing that the petitioners included “selected statements by U.S government officials suggesting that vaccination against COVID-19 may prevent infection or transmission” but omitted statements from Fauci and others that later acknowledged vaccines don’t prevent infection or transmission. “In responding to your Petition, we are not agreeing or disagreeing with any of the statements that are selected in the Petition,” Marks said. “Rather, we are observing that the statements referenced by the Petition do not demonstrate a commonly held belief that the clinical trials provided substantial evidence of efficacy against SARS-CoV-2 transmission. We are not convinced that there is any widespread misconception about this.”

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“Today, children will work overnight shifts at slaughterhouses, factories, restaurants to pay their debts to smugglers and traffickers. Today, children will be sold for sex,..

Whistleblower: US Govt Is ‘Middleman’ In Child Trafficking Op (Fox)

A House Judiciary subcommittee hearing on Wednesday will feature the testimony from a whistleblower who will warn lawmakers that the U.S. has become the “middleman” in a multibillion dollar migrant child trafficking operation at the border. The hearing, “The Biden Border Crisis: Exploitation of Unaccompanied Alien Children,” will be held by the House Judiciary Subcommittee on Immigration Integrity, Security, and Enforcement and will examine the surge in unaccompanied children (UACs) at the southern border. According to Customs and Border Protection (CBP) statistics, the number of UACs who arrive at the border has swelled from 33,239 in fiscal year 2020 to more than 146,000 in fiscal year 2021 and 152,000 in fiscal year 2022. So far in fiscal year 2023, there have been more than 70,000 encounters of unaccompanied children.

When child migrants are encountered at the border, they are transferred into the custody of Health and Human Services (HHS) and then united with a sponsor – typically a parent or family member already in the U.S. According to Customs and Border Protection statistics, the number of unaccompanied children who arrive at the southern border has surged since fiscal year 2020. But the Biden administration has been rocked by a number of reports that officials have been unable to make contact with more than 85,000 child migrants; and more recently, administration officials reportedly ignored signs of “explosive” growth in child labor. A number have been forced into indentured servitude to pay back smugglers and have worked in dire conditions.

The Wednesday hearing will hear from three witnesses: Tara Lee Rodas, a HHS whistleblower formerly with an inspector general’s office; Sheena Rodriguez, founder and president of Alliance for a Safe Texas; and Jessica Vaughn, director of Policy Studies at the Center for Immigration Studies. Rodas will warn of a problem that predates the administration but has increased significantly during the recent migrant crisis, according to a copy of her written testimony obtained by Fox News Digital. “Today, children will work overnight shifts at slaughterhouses, factories, restaurants to pay their debts to smugglers and traffickers. Today, children will be sold for sex,” she will say. “Today, children will call a hotline to report they are being abused, neglected, and trafficked. For nearly a decade, unaccompanied children have been suffering in the shadows.”

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“For decades, scientists and their media messengers have hyped up the temporary loss of coral to secure grants and promote political causes..”

Just 3% of Australians Know the Great Barrier Reef is at a Record High (DS)

Three-quarters of sampled Australian green voters believe the Great Barrier Reef (GBR) is doing worse than usual, with 44% stating the coral is at a record low. Overall only 3% of all Australian voters knew that the coral was at a “record high” – the correct answer following two years of record growth that has broken all previous records. These findings are not a surprise, since the true picture on the reef has been downplayed, even hidden, by mainstream interested parties in the media and in science. The results come from a survey carried out by the Australian Environment Foundation (AEF) and is the work of coral authority Dr. Peter Ridd and science journalist Jo Nova. They note that the poor scores reflect badly on media coverage that reports every local coral bleaching event, but rarely the rapid recovery.

“It’s almost as if Australians have been subject to years of misinformation,” they say. The silence on the health of the corals is “deafening”. Jo Nova has an idea why the media work so closely with the science establishment to suppress the real story: “Corals are thriving but Australians are spending half a billion dollars to save them.” As atmospheric scientist Richard Lindzen says, the climate narrative is absurd, but trillions of dollars say it is not absurd. It can be argued that few scientific propositions are more absurd than the suggestion that the recent gentle warming spell is leading to the destruction of coral reefs around the world. In a recent report, Dr. Ridd noted that the IPCC said in 2018 “with high confidence” that corals would decline worldwide by 70-90% if temperatures rose just 0.4°C.


Data on coral in many parts of the world are less reliable than for the GBR, but Ridd said it seemed that across the globe there has not been a major drop in coral cover to date. Corals grow in waters between 24°C and 32°C, and in fact often grow quicker in higher temperatures. But they dislike sudden changes in local water temperature caused by natural weather events such as El Niño oscillations. As a result they often bleach, but the evidence suggests they rapidly return to health as natural conditions become more stable. On the GBR, conditions have been testing until recently with powerful El Niños causing rapid temperatures changes, and cyclones smashing the shallow corals. For decades, scientists and their media messengers have hyped up the temporary loss of coral to secure grants and promote political causes surrounding climate Armageddon. It obviously worked – and is still working.

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White blood cells

 

 

 

 

Rotation

 

 

 

Different
https://twitter.com/i/status/1650581322640027648

 

 

 


Ospreys have vision that is well adapted to detecting underwater objects from the air. Prey is first sighted from above the water, after which the bird hovers momentarily and then plunges feet first into the water

 

 

Octopus

 

 


The Megalodon is an extinct species of shark that lived approximately 23 to 2.6 million years ago. Fossil remains suggest that it reached a maximum length of 20 meters

 

 


Secretary bird

 

 

High road
https://twitter.com/i/status/1650798507609972736

 

 

 

 

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Mar 272018
 


Paul Klee Cat 1939

 

Dow Surges 670 Points But Stock Market Is On The Brink Of A Breakdown (MW)
Trump Sends To-Do List to China on Trade (WS)
America’s State Wreck Gathers Steam Part 2 (Stockman)
Integrity Has Vanished From The West (Paul Craig Roberts)
Western Allies Expel Scores Of Russian Diplomats Over Skripal Attack (G.)
New Zealand Says It Would Expel Russian Spies … But It Can’t Find Any (G.)
Whistleblower Questions Brexit Result, Says Campaigners Broke Election Law (R.)
Brexit Referendum Campaign Accused of Breaking Spending Rules (BBG)
Theresa May Stands By Adviser Who Outed Brexit Whistleblower (G.)
Underfunded Public Pensions To Persist (R.)
Hood Ornament Buffer (Jim Kunstler)
Meeting Paris Agreement Targets Will Take Massive Cuts in Emissions (BBG)
Ultra-Thin Sun Shield Could Protect Great Barrier Reef (AFP)
Brazil Senate Considers Lifting Ban On Sugarcane Production In Amazon (G.)

 

 

What you’re watching is not real.

Dow Surges 670 Points But Stock Market Is On The Brink Of A Breakdown (MW)

The stock market surged on Monday—and it really needed to. U.S. stocks are coming off the biggest weekly decline in more than two years, and the aftermath of that drop has market technicians warning that major indexes are on the verge of a full-fledged, technical breakdown. “The extent of the deterioration in equities is very much a concern given the combination of near-term technical damage, along with the decline in longer-term momentum after having reached record overbought conditions into late January,” wrote Mark Newton at Newton Advisors, in a Monday research note. Here are some levels that the market is trying to defend or retake after last week’s withering action:

A Dow Theory sell signal was close to forming. According to MarketWatch columnist Mark Hulbert there are a number of steps, but as of Friday, the market had just to see the Dow Jones Transportation Average close below its Feb. 9 low of 10,136.61 to trigger that sell signal after the Dow Jones Industrial Average DJIA, on Friday closed below its February low. On Monday, the transports closed up 2.1% at 10,373.21.

According to data from Michael O’Rourke, chief market strategist at JonesTrading, a little more than half of Dow components were trading below their 200-day moving averages, which hadn’t happened since 2015. Meanwhile, about 50% of the S&P 500 components were trading above their 200-day moving averages, with a break below indicating “notable technical damage has been done to this market,” O’Rourke wrote.

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All obvious.

Trump Sends To-Do List to China on Trade (WS)

Negotiations – led on the US side by Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, and on the Chinese side by Liu He, a newly anointed vice premier and President Xi Jinping’s top economic adviser – about how to address the gigantic China-US trade imbalance have quietly begun, the infamous “people with knowledge of the matter” told the Wall Street Journal. On Saturday, Mnuchin called Liu, which was confirmed by the Treasury Department. A spokesman said that they “also discussed the trade deficit between our two countries and committed to continuing the dialogue to find a mutually agreeable way to reduce it.” Now Mnuchin is considering a trip to Beijing to pursue the negotiations, one of these people told the Wall Street Journal.

And last week, according to these people, Mnuchin and Lighthizer sent Liu a to-do list on trade with specific items the White House wants China to undertake, including:
• A reduction of the 25% tariffs that China imposes on US-made cars
• Increased purchases by China of US-made semiconductors. China would need to shift these purchases from Japanese and South Korean manufacturers, which aren’t going to be happy
• Reduce subsidies to state-owned enterprises
• Provide more regulatory transparency
• Ease restrictions on US companies in China, particularly requirements that they operate as joint ventures in which the US company’s ownership may be limited to 51%
• Giving US financial firms greater access to the Chinese market.

Clearly, in leaking these negotiations and the existence of this to-do list to the financial press, the White House is hoping to calm the markets, because the last thing it wants is to preside over a stock market plunge, though the stock market has all the best reasons to swoon, and the US-China trade situation isn’t needed to accomplish that.

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“Trump’s new War Cabinet of John Bolton, Mike Pompeo, Gina Haspel and Mad Dog Mattis is arguably the most interventionist, militarist, confrontationist and bellicose national security team ever..”

America’s State Wreck Gathers Steam Part 2 (Stockman)

Last week the Donald’s incipient trade war got Wall Street’s nerves jangling, but that wasn’t the half of what’s coming. To wit, Trump has now essentially formed a War Cabinet and signed a Horribus spending bill that is a warrant for fiscal meltdown. Indeed, the two essentially comprise a self-fueling doom loop which means Washington’s descent into fiscal catastrophe is well-nigh unstoppable; it’s all over except for the screaming in the bond pits. That is, Trump’s new War Cabinet of John Bolton, Mike Pompeo, Gina Haspel and Mad Dog Mattis is arguably the most interventionist, militarist, confrontationist and bellicose national security team ever assembled by a sitting President.

We cannot think of a single country that has even looked cross-eyed at Washington in recent years where one or all four of them has not threatened to drone, bomb, invade or decapitate its current ruling regime. That means Imperial Washington’s rampant War Fever owing to the Dem-left declaration of war on Russia and Putin is now about to be drastically intensified by the complete victory of the neocon-right in the Trump Administration. The result will be sharpened confrontation, if not actual outbreak of hostilities, across the full spectrum of adversaries – Iran, Russia, China, Syria and North Korea – and an escalating tempo of military operations and procurement to implement the policy.

At the same time, the Donald’s pathetic Fake Veto maneuver on Friday cemented the special interest lobbies’ absolute control over domestic appropriations. Of course, Chuckles Schumer and Nancy Pelosi crowed loudly about the $63 billion annual domestic spending increase they got in return for the Donald’s $80 billion defense add-on, but the victory was not partisan; it belonged to the Swamp creatures who suckle the politicians of both parties and own the appropriations committees lock, stock and barrel.

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TV was just a first step in creating opinions from scratch. We can do much more than that now. Will we still curtail Facebook, Google?

Integrity Has Vanished From The West (Paul Craig Roberts)

Among Western political leaders there is not an ounce of integrity or morality. The Western print and TV media is dishonest and corrupt beyond repair. Yet the Russian government persists in its fantasy of “working with Russia’s Western partners.” The only way Russia can work with crooks is to become a crook. Is that what the Russian government wants? Finian Cunningham notes the absurdity in the political and media uproar over Trump (belatedly) telephoning Putin to congratulate him on his reelection with 77% of the vote, a show of public approval that no Western political leader could possibly attain. The crazed US senator from Arizona called the person with the largest majority vote of our time “a dictator.” Yet a real blood-soaked dictator from Saudi Arabia is feted at the White House and fawned over by the president of the United States.

The Western politicians and presstitutes are morally outraged over an alleged poisoning, unsupported by any evidence, of a former spy of no consequence on orders by the president of Russia himself. These kind of insane insults thrown at the leader of the world’s most powerful military nation—and Russia is a nation, unlike the mongrel Western countries—raise the chances of nuclear Armageddon beyond the risks during the 20th century’s Cold War. The insane fools making these unsupported accusations show total disregard for all life on earth. Yet they regard themselves as the salt of the earth and as “exceptional, indispensable” people.

Think about the alleged poisoning of Skirpal by Russia. What can this be other than an orchestrated effort to demonize the president of Russia? How can the West be so outraged over the death of a former double-agent, that is, a deceptive person, and completely indifferent to the millions of peoples destroyed by the West in the 21st century alone. Where is the outrage among Western peoples over the massive deaths for which the West, acting through its Saudi agent, is responsible in Yemen? Where is the Western outrage among Western peoples over the deaths in Syria? The deaths in Libya, in Somalia, Pakistan, Ukraine, Afghanistan? Where is the outrage in the West over the constant Western interference in the internal affairs of other countries? How many times has Washington overthrown a democratically-elected government in Honduras and reinstalled a Washington puppet?

The corruption in the West extends beyond politicians, presstitutes, and an insouciant public to experts. When the ridiculous Condi Rice, national security adviser to president George W. Bush, spoke of Saddam Hussein’s non-existent weapons of mass destruction sending up a nuclear cloud over an American city, experts did not laugh her out of court. The chance of any such event was precisely zero and every expert knew it, but the corrupt experts held their tongues. If they spoke the truth, they knew that they would not get on TV, would not get a government grant, would be out of the running for a government appointment. So they accepted the absurd lie designed to justify an American invasion that destroyed a country.

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Diplomats are stationed abroad to make communication possible. This does not help.

Western Allies Expel Scores Of Russian Diplomats Over Skripal Attack (G.)

The US has ordered the expulsion of 60 Russian officials who Washington says are spies, including a dozen based at the United Nations, and told Moscow to shut down its consulate in Seattle, which would end Russian diplomatic representation on the west coast. The EU members Germany, France and Poland are each to expel four Russian diplomats with intelligence agency backgrounds. Lithuania and the Czech Republic said they would expel three, and Denmark, Italy and the Netherlands two each. Estonia, Latvia, Croatia, Finland, Hungary, Sweden and Romania each expelled one Russian. Iceland announced it would not be sending officials to the World Cup in Russia.

Ukraine, which is not an EU member, is to expel 13 Russian diplomats, while Albania, an EU candidate member, ordered the departure of two Russians from the embassy in Tirana. Macedonia, another EU candidate, expelled one Russian official. Canada announced it was expelling four diplomatic staff serving in Ottawa and Montreal who the Canadian government said were spies. A pending application from Moscow for three more diplomatic posts in Canada is being denied. Australia confirmed that it too would expel two Russian diplomats who were in the country as undeclared intelligence officers, giving them seven days to leave.

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Someone will find some for them.

New Zealand Says It Would Expel Russian Spies … But It Can’t Find Any (G.)

New Zealand’s prime minister, Jacinda Ardern, and foreign affairs minister, Winston Peters, say they would expel Russian spies from the country, if there were any. More than 100 Russian diplomats alleged to be spies in western countries have been told to return to Moscow, in response to the use of a chemical weapon in the attempted murder of Sergei Skripal, a former Russia/UK double agent, and his daughter, Yulia, in Salisbury, England on 4 March. The New Zealand government has condemned the attack and supports the international action, but says there are no such “Russian intelligence agents” in the country.

The Russian ambassador to New Zealand was summoned to a meeting “to reiterate our serious concern” over the Salisbury attack. “While other countries have announced they are expelling undeclared Russian intelligence agents, officials have advised there are no individuals here in New Zealand who fit this profile. If there were, we would have already taken action,” said Ardern. She said New Zealand will review what further action it can take to support the international community over the attack. “We remain steadfast with our international partners in our shared concern about the Salisbury nerve agent attack,” Ardern said.

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There are tw0 such whistleblowers now. Here’s no. 1:

Whistleblower Questions Brexit Result, Says Campaigners Broke Election Law (R.)

A whistleblower at the heart of a Facebook data scandal on Monday questioned the result of Britain’s 2016 Brexit referendum as his lawyers presented evidence that they said showed the main campaign for leaving the EU had broken the law. With just a year until Britain is due to leave the European Union, two whistleblowers – one from the British political consultancy Cambridge Analytica and one from the Vote Leave group – have alleged that Brexit campaigners funded their campaign illegally. By doing so, they have pulled Brexit into a scandal that has forced Mark Zuckerberg to apologise for how Facebook handled users’ data, and raised questions about how Donald Trump’s 2016 campaign employed data.

Vote Leave officials on Monday denied breaking election rules and said they were facing an attempt to undermine Brexit by smearing their reputations. The whistleblowers’ law firm, London-based Bindmans, released 53 pages of selected evidence on Monday. In a legal opinion, Bindmans said there was a prima facie case that Vote Leave broke election spending limits by donating to an allied group known as BeLeave, with which it was working closely.

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And this is no. 2:

Brexit Referendum Campaign Accused of Breaking Spending Rules (BBG)

Campaigners for Brexit may have conspired to break spending limits in the U.K.’s 2016 referendum on European Union membership, according to allegations by a whistle-blower who worked for one of the Leave groups. Vote Leave, the main pro-Brexit campaign, gave money to a smaller campaign group, BeLeave, and then helped direct how it was spent, according to a 50-page legal opinion by attorneys from London’s Matrix Chambers. The lawyer are acting on behalf of people who flagged potential violations in the campaign.

If that 625,000-pound ($889,000) donation had been included in Vote Leave’s accounts, it would have taken the group over its 7 million-pound spending limit. “It’s important that it’s the will of the people and not the bought will of the people that is expressed at the ballot box,” Tamsin Allen told reporters at a briefing Monday afternoon in London. Allen is a lawyer for Shahmir Sanni, a BeLeave campaigner who argues the rules were broken.

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No. 2 was outed as gay by his own government as revenge for being a whistleblower. His family in Pakistan has hired security.

Theresa May Stands By Adviser Who Outed Brexit Whistleblower (G.)

Theresa May has insisted her political secretary, Stephen Parkinson, “does a very good job”, as he faces mounting pressure over the outing of the Brexit whistleblower Shahmir Sanni. Sanni said he had endured one of the “most awful weekends” of his life after telling the Observer how Vote Leave channelled money through BeLeave, a group linked to Cambridge Analytica, to get around electoral law. On Friday Sanni was outed as gay by Parkinson, one of May’s closest advisers and a former Vote Leave official, with whom Sanni had a relationship during the campaign. Privately, some Conservative MPs believe Parkinson should stand down. “He’ll have to go,” said one backbencher.

The Labour MP Ben Bradshaw challenged the prime minister in the House of Commons on Monday about what Downing Street said was a “personal statement” by Parkinson. “How is it remotely acceptable that when a young whistleblower exposes compelling evidence of law-breaking by the leave campaign, implicating staff at No 10, one of those named instead of addressing the allegations issues an officially sanctioned statement outing the whistleblower as gay and thereby putting his family in Pakistan in danger?” he said. “It’s a disgrace, prime minister, you need to do something about it.”

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As sure as death and taxes.

Underfunded Public Pensions To Persist (R.)

Investment returns have been uneven and funding levels have yet to recover. Many pension funds have meanwhile attempted to boost returns by loading up on alternative investments to levels unheard of a decade earlier. “Some just cannot grow their way out of it. We have had several years of stellar (stock market) returns and it barely improved the underfunding situation,” said Mikhail Foux, municipal credit analyst at Barclays in New York. The benchmark S&P 500 U.S. stock index has tripled in the past nine years, driven in part by unprecedented zero interest rate policies and massive monetary stimulus from central banks around the globe aimed at combating the deepest recession in a generation.

But pension returns struggled to match the broad market, and recent wobbles in U.S. equities have fed fears of another downturn. “Now what happens when markets are falling 10 to 15%?” Foux asked. In 2007, a year before the crisis began, the median funded level was 92% for state retirement and 97% for local plans, according to Wilshire Funding Studies. That fell to 68% for states and 72% for local governments by 2016, the most recent data. A lower funded ratio indicates the overall soundness of a pension fund is weaker and more money is required to meet future obligations.

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Best description yet of Stormy. Big announcements and an empty interview. Presidents showing their virility makes them more popular, not less. Ask France.

Hood Ornament Buffer (Jim Kunstler)

Newsflash: President Donald J. Trump had sex with a whore twelve years ago. Let that sink into your limbic lobes, you poor, opiated, Facebook-addled, morbidly-obese, fly-over nation of lumbering, deplorable, gun-gripping, Jesus-haunted voters. A hoor! Do you hear? Wait a minute, you say. Stormy Daniels is no such thing, She’s an actress in, and director of, adult films, an auteur, if you like, at least a sex worker, toiling in the rolling mills of eros, sweating and grunting as much as any Mahoning Valley steel worker, or hood ornament buffer on the Tesla assembly line. And anyway, three times over the years she denied having sex with that man, at least once in writing, though last night on CBS’s Sixty Minutes she stated that she actually did have sex with the Golden Golem of Greatness.

In which case, she may be some kind of a lyin’ hoor… or savior of a nation yearning to cast off the loathsome rule of this odious president-by-mistake. The Sixty Minutes make-up and costume crew knocked themselves out coming up with her on-camera look Sunday night: WalMart Shopper. That reddish blouse, for instance, which did not display Stormy’s… er… assets in the usual way (i.e., an enticing fleshy slot descending into deep milky realms of mystery), but just innocently swimming around in there like a couple of frolicking dolphins confined in an above-the-ground backyard pool. Who wouldn’t want to jump in and swim with them? Maybe not the undistractible Anderson Cooper, who did ferret out many interesting particulars of that one romantic encounter: Stormy accepted Trump’s invitation for dinner… in his hotel suite. Just the two of them, ahem.

They watched a TV show about sharks. It apparently lacked aphrodisiac punch. So he showed her a magazine with his picture on the cover, perhaps to get the point across that he was a really important person in case she didn’t already know. She said she ought to take it and spank him with it. He concurred, dropped trou, and presented the rear of his tighty-whitey small-clothes to facilitate that proposal. After that ice-breaker, he said, “I really like you!” and “You remind me of my daughter” — instantly be-sliming the proceedings with overtones of incest. Stormy went to the bathroom and emerged to find Trump perched on the bed. “Here we go,” the thought popped into her head, she says. But she didn’t say “no.”

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Not going to happen. Paris was just meant to make you feel good.

Meeting Paris Agreement Targets Will Take Massive Cuts in Emissions (BBG)

Meeting the Paris accord’s temperature targets will take massive cuts to greenhouse gas emissions within 15 years, but won’t require them to be reduced to zero, according to a new study published Monday in the journal Nature Climate Change. If those targets—between 1.5 to 2ºC (2.7 to 3.6ºF)—are overshot, the consequences would likely require both drastic cuts to emissions and geoengineering efforts to remove carbon from the atmosphere, according to the paper by Katsumasa Tanaka at the National Institute for Environmental Studies in Japan and Brian O’Neill at the U.S. National Center for Atmospheric Research. “If we overshoot the temperature target, we do have to reduce emissions to zero. But that won’t be enough,” Tanaka said in a statement.

“We’ll have to go further and make emissions significantly negative to bring temperatures back down to the target by the end of the century.” Tanaka’s team began looking at both the accord’s temperature goals and requirement that countries “achieve net-zero greenhouse gas emissions in the second half of this century,” according to the statement. The scientists created scenarios that would achieve both the temperature goals and emissions guidelines. The group concluded to do so would necessitate cutting emissions 80% by 2033 to meet the 1.5 degree target or about 66% by 2060 to meet the 2 degree mark. “In both these cases, emissions could then flatten out without ever falling to zero,” according to the statement.

[..] The United Nation’s Intergovernmental Panel on Climate Change is working on a report which is expected to conclude that geoengineering will be needed to meet the 1.5 degree goal. Recognizing this difficulty, Tanaka and O’Neill looked at the possibility the targets would be missed. If the 1.5-degree mark is missed, emissions would have to fall to zero by 2070 and then be negative for the rest of the century. In the 2-degree scenario emissions would have to drop to zero by 2085 and then stay negative for a shorter period of time to get back below 2 degrees. Both scenarios would require removing carbon from that atmosphere. The researchers also looked at scenarios reducing emissions to zero by 2060 and 2100. In the first case, the temperature rose 2 degrees before declining. In the second instance, it rose above that mark by 2043 and stayed there for 100 years or more.

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Yes, of course. We’ll cover the ocean in plastic, just as we do our food. And then ourselves.

Ultra-Thin Sun Shield Could Protect Great Barrier Reef (AFP)

An ultra-fine biodegradable film some 50,000 times thinner than a human hair could be enlisted to protect the Great Barrier Reef from environmental degradation, researchers said Tuesday. The World Heritage-listed site, which attracts millions of tourists each year, is reeling from significant bouts of coral bleaching due to warming sea temperatures linked to climate change. Scientists from the Australian Institute of Marine Biology have been buoyed by test results of a floating “sun shield” made of calcium carbonate that has been shown to protect the reef from the effects of bleaching. “It’s designed to sit on the surface of the water above the corals, rather than directly on the corals, to provide an effective barrier against the sun,” Great Barrier Reef Foundation managing director Anna Marsden said.

The trials on seven different coral types found that the protective layer decreased bleaching of most species, cutting off sunlight by up to 30 percent. “It (the project) created an opportunity to test the idea that by reducing the amount of sunlight from reaching the corals in the first place, we can prevent them from becoming stressed which leads to bleaching,” Marsden said. Researchers from a breadth of disciplines contributed to the project, which was headed by the scientist who developed the country’s polymer bank notes. “In this case, we had chemical engineers and experts in polymer science working with marine ecologists and coral experts to bring this innovation to life,” Marsden said.

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Yeah, just great. The entire deterioration process of teh planet is fast accelerating.

Brazil Senate Considers Lifting Ban On Sugarcane Production In Amazon (G.)

A bill being rushed through Brazil’s senate would lift a ban on the cultivation of sugarcane for ethanol fuel in the Amazon, driving more deforestation and making it harder for the country to meet its commitments under the Paris Climate Deal. The bill, which has been roundly condemned by environmentalists, companies and even Brazil’s union of sugarcane producers (UNICA), marks the latest move by a conservative congress to unravel Amazon protections. Five former environment ministers have also criticised it. “This is another setback that should not thrive,” said one, José Carvalho. Under a 2009 decree, sugar cane production is not allowed in the Amazon biome.

Allowing the highly-profitable crop to be raised on deforested land in the region would push out other crops and encourage more deforestation, said Marcio Astrini, public policy coordinator for Greenpeace in Brazil. It could be “one of the biggest disasters for the forest,” he said. The bill was first introduced in 2011 by Flexa Ribeiro, a senator for the centre-right Brazilian Social Democratic party in the Amazon state of Pará, and suddenly put up for a vote on Tuesday afternoon. It would allow ethanol production on vaguely-defined areas of Amazon land, including “altered areas” and “general land”. If approved on Tuesday and given presidential sanction, it could become law. Brazil’s ethanol fuel is seen as a clean fuel alternative to gasoline by millions of motorists. According to UNICA, 27m cars in Brazil, 73% of the total can use either gasoline or ethanol, as can 4m motorbikes.

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Mar 222015
 
 March 22, 2015  Posted by at 8:06 am Finance Tagged with: , , , , , , , , ,  6 Responses »


Jack Delano “Untitled” 1940

We’re All Hedge Funds Now (John Rubino)
Why Has Germany Bailed Out A Tiny Bank? (Coppola)
The Perfect Storm For Oil Hits In Two Months (Zero Hedge)
The ‘Natural Interest Rate’ Is Always Positive And Cannot Be Negative (Mises)
The Federal Reserve Bank Must Be Destroyed! (Patrick Barron)
We’re Much Worse Off Than Just Before The Last Economic Crisis (Michael Snyder)
Draghi To Go To Italian Committee But Not Irish Bank Inquiry (Irish Times)
China To Curb Risks From Short-Term Local Debt (Reuters)
Why Do American Weapons End Up In Our Enemies’ Hands? (Ron Paul)
Nazi Extortion: Study Sheds New Light on Forced Greek Loans (Spiegel)
Michael Hudson: Europe Tilts East Towards China (NC/TRRN)
Abe-Kuroda Honeymoon Soured By Fiscal Friction (Reuters)
‘Abandoned’ French Working Class Ready To Punish Left, Vote Le Pen (Guardian)
The Idea of “Basic Income” Takes Root (CP)
Wild Anti-Austerity Strike in Québec (Printemps2015.org)
Moral Hazard: Ukraine New Spy Law Designed As Provocation (RT/RonPaul Inst.)
Russia Urges Germany, France To Safeguard Peace In Ukraine (Reuters)
France Decrees New Rooftops Must Be Covered In Plants Or Solar Panels (Guardian)
Africa Is Centre Of A ‘Wildlife War’ That The World Is Losing (Observer)
Australia PM Tony Abbott Unveils Plan To Save Great Barrier Reef (Guardian)
The Global Extraction Industry: Plunder, Violence And Corruption (Observer)

“Will this time around be any different? Definitely. It will be much worse because the numbers are so much bigger.”

We’re All Hedge Funds Now (John Rubino)

As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money to invest face some life-defining choices. Retirees who need to generate 6% to avoid dipping into principal can’t get there with bank CDs. Pension funds that have promised an 8% return in order to meet obligations to future retirees can’t get anywhere near that with government bonds. Same thing for insurance companies and money market funds, whose business models require positive returns with low risk. What to do? Well, a retiree can either stop being a retiree — that is, go back to work — or invest a lot more aggressively to meet the required 6% return.

That means loading up on equities and junk bonds, either blithely because she doesn’t know what they are (only that they’ve been going up) or with trepidation because she’s aware that every five or so years these things tend to crash. For public companies, building new factories no longer pays as well as borrowing money and using the proceeds to buy back their own common stock. Pension funds, meanwhile, have more options though the end result is the same. They can, like our hypothetical retiree, load up on equities, as Japanese pension funds are reportedly doing…[..] …or they can wander even further into the “alternative” investing universe by hiring hedge funds to generate “alpha.”[..]

In the world of aggressive investing, retirees, corporations and pensions funds are all “dumb money.” They don’t do this kind of thing regularly so they have no institutional or personal experience to draw upon. The result, for pension funds and retirees, is the quintessential beginner strategy of trend following, buying what was hot last year because that’s where the biggest returns are being generated, while public companies are being even dumber, buying stocks on margin (i.e., with borrowed money) without regard for valuation. Similar things happened during the previous bubble, when individuals became real estate speculators, pension funds embraced alternative investments, and corporations ramped up their share repurchase programs. All got creamed in 2008. Will this time around be any different? Definitely. It will be much worse because the numbers are so much bigger.

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Moral hazard?!

Why Has Germany Bailed Out A Tiny Bank? (Coppola)

The first German bank has died from Austrian contagion. Duesseldorfer Hypothekenbank (“Duesselhyp”), a tiny mortgage lender, has been seized by the Bundesverband Deutsche Banken (BDB), Germany’s association of private banks. According to Reuters, The BDB had hammered out a deal over the weekend with financial market watchdog Bafin, the Bundesbank and resolution authority FMSA to provide a guarantee for DuesselHyp’s holdings of around 350 million euros ($370 million) in Heta bonds that are subject to a debt moratorium imposed by Austrian financial regulators.Duesselhyp’s core tier1 (CT1) capital of €233m was not enough to allow it to continue trading after the expected 50% haircut on its holdings of senior unsecured HAA/Heta bonds.

Under German law, Lone Star, the private equity group that owned Duesselhyp, was not obliged to contribute more capital, and the planned sale of Duesselhyp to Attestor Capital could not proceed. The BDB’s seizure of Duesselhyp is therefore understandable: the alternative was disorderly collapse.But it is not immediately clear why the BDB opted to bail out Duesselhyp rather than forcing bail-in of its creditors. After all, Germany has already adopted the European Bank Resolution & Recovery Directive (EBRRD). True, Duesselhyp is tiny: bailing it out could be done entirely from existing funding without recourse to taxpayers. But bailing out a tiny, over-leveraged and under-capitalized bank seems contrary to the spirit if not the law of the EBRRD. So why did the BDB do it?

The reason is the nature of Duesselhyp’s liabilities. Duesselhyp is an issuer of Pfandbriefe, the super-safe covered bonds that are the bedrock of the German financial system. A look at Duesselhyp’s 2014 interim balance sheet shows that Pfandbriefe backed by public sector loans are by far the largest proportion of Duesselhyp’s liabilities: it has issued a rather smaller number of mortgage Pfandbriefe too. The remainder of Duesselhyp’s liabilities are institutional deposits (it has no retail deposits), which are covered by unlimited guarantees from the German deposit fund. In short, almost all of Duesselhyp’s liabilities are covered by explicit or implicit German government guarantees.

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Storage issue once more.

The Perfect Storm For Oil Hits In Two Months (Zero Hedge)

This is what we said back in early March when the BTFDers were hoping WTI in the low $40s would never again be seen: “Come June, when all available on-land storage is exhausted, each incremental barrel will have to be dumped on the market forcing prices lower and inflicting further pain on the entire US shale complex (just as Q1 results are released which will invariably show huge writedowns as companies will no longer be able to hide behind the SEC-mandated accounting trick that made Q4 results appear respectable).”

Since then, as expected, crude tumbled to new post-Lehman lows, confirming the global deflationary wave is raging (for more details please see China), and WTI only posted a rebound on quad-witching Friday as another algo-driven stop hunt spooked all those who were short the energy complex. The problem is that despite the latest “dead oil bounce” we have since had to revise our forecast for full US oil storage, and pulled forward the date when this will happen in the aftermath of the latest API inventory data. Recall that earlier this week API reported, and EIA later confirmed, that for the 10th week in a row there was a “massive 10.5 million barrels (far bigger than the 3.1 million barrel expectation) and a 3 million barrel build at Cushing. If this holds for DOE data tomorrow (and worryingly API has tended to underestimate the build in recent weeks) it will be the biggest weekly build since 2001.”

It also means that at the current rate of record oil production, storage will be exhausted in under two months, some time in mid-May. At that point, with no more storage to buffer the record oil production, the open market dumping begins and prices of WTI will crater as every barrel will have to be sold at any clearing price, since the producers will have no other choice than to, literally, dump the oil. In other words, a perfect storm is shaping up for oil some time in late May, early June.

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Amen.

The ‘Natural Interest Rate’ Is Always Positive And Cannot Be Negative (Mises)

Some economists have been arguing that the “equilibrium real interest rate” (that is the “natural interest rate” or the “originary interest rate”) has become negative, as a “secular stagnation” has allegedly caused a “savings glut.” The idea is that savings exceed investment, and that a negative real interest rate is required for bringing savings in line with investment. From the viewpoint of the Austrian school, the notion of a “negative equilibrium real interest rate” doesn’t make sense at all. To show this, let us develop the case step by step. To start with, one should make a distinction between two types of interest rates: There is the market interest rate, and there is the originary interest rate. The market interest rate is the outcome of the supply of and demand for savings in the market place.

It can be observed, for instance, in the deposit, bond, or loan market for different maturities and credit qualities. The originary interest rate is a category of human action, saying that acting man values goods available at present more highly than goods available in the future. In other words: Future goods trade at a price discount relative to present goods. For instance, 1 US$ available today is preferred over 1 US$ available in one year’s time. If 1 US$ to be received in one year’s time is valued at, say, 0.909 US$, the originary rate of interest is 10%. (1 US$ divided by 0.909 minus 1 gives you 0.10, or 10%, for that matter.) 10% is here the originary interest rate (disregarding any other premia). The originary interest rate is expressive of a value differential, which results from so-called time-preference.

The term time-preference denotes that acting man prefers an earlier satisfaction of wants over a later satisfaction of wants. Time-preference is always and everywhere positive, and so is the originary interest rate. This is, first and foremost, what common sense would tell us. If the originary interest rate was near-zero, it means that you prefer two apples available in, say, 1,000 years over one apple available today. A truly zero originary interest rate implies that the actor’s planning horizon or “period of provision” is infinitely long, which is another way of saying that he would never act at all but would continually push the attainment of his goals into the future. The notion that time-preference and the originary interest rate could be zero, does not only sound absurd, it is also a logical impossibility: Positive time-preference and a positive originary interest rate are logically implied in the irrefutably true “axiom of human action.”

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“Note that there is nothing that a central bank could provide that could not be provided by another private bank.”

The Federal Reserve Bank Must Be Destroyed! (Patrick Barron)

The Fed was founded under false economic premises–to prevent bank runs by providing temporary liquidity to banks which found themselves unable to redeem their certificates and demand deposits for cash and/or specie. The real cause of illiquid banks–fractional reserve banking–was never seriously addressed. It was assumed that banks had the legal right to invest their customers’ demand funds in loans and that runs were caused by over indulging in this practice. But as Murray N. Rothbard explain in What Has Government Done to Our Money?, loaning demand funds instantly places the bank in an insolvent position, for it cannot redeem all of its demand accounts for cash or specie.

Through the process of lending demand funds, the banks have created fiduciary media out of thin air, reducing their reserve ratio below one hundred percent. If the banks do this on a very modest basis, the public may not be aware of the fraud. However, once the rumor starts that the bank is illiquid, there is a literal “run” to the bank to withdraw demand funds. In such a case, even a bank that only modestly lent its demand funds might find itself unable to honor all withdrawal claims and would be forced to close its doors. (NOTE: Central Banking was established to legitimize counterfeiting fraud, aka – Fractional Reserve Banking) The Federal Reserve Bank, as the lender of last resort, was supposed to prevent such occurrences by providing temporary, penalty rate loans to struggling banks.

Note that there is nothing that a central bank could provide that could not be provided by another private bank. In fact the banking panic of 1907 was stemmed by private bank interventions led by J. P. Morgan. However, Morgan realized that such private bailouts were very risky and presented a case of moral hazard; i.e., that bankers, confident of a bailout by the Morgan banking empire, might book riskier, higher yielding loans. So rather than face the real cause of banking crises and lobby to outlaw fractional reserve banking, the Morgans, Rockefellers, etc.–who did not want to forego the financial benefits of lending demand deposits–lobbied instead for government to create a lender of last resort, a central bank, which we named the Federal Reserve Bank.

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Good graphs. Pity Michael doesn’t understand inflation.

We’re Much Worse Off Than Just Before The Last Economic Crisis (Michael Snyder)

If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we are much worse off than we were just prior to the last economic crisis. If you go back to 2007, people were feeling really good about things. Houses were being flipped like crazy, the stock market was booming and unemployment was relatively low. But then the financial crisis of 2008 struck, and for a while it felt like the world was coming to an end. Of course it didn’t come to an end – it was just the first wave of our problems.

The waves that come next are going to be the ones that really wipe us out. Unfortunately, because we have experienced a few years of relative stability, many Americans have become convinced that Barack Obama, Janet Yellen and the rest of the folks in Washington D.C. have fixed whatever problems caused the last crisis. Even though all of the numbers are screaming otherwise, there are millions upon millions of people out there that truly believe that everything is going to be okay somehow. We never seem to learn from the past, and when this next economic downturn strikes it is going to do an astonishing amount of damage because we are already in a significantly weakened state from the last one.

For each of the charts that I am about to share with you, I want you to focus on the last shaded gray bar on each chart which represents the last recession. As you will see, our economic problems are significantly worse than they were just before the financial crisis of 2008. That means that we are far less equipped to handle a major economic crisis than we were the last time.

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Don’t insult the Irish!

Draghi To Go To Italian Committee But Not Irish Bank Inquiry (Irish Times)

The ECB is holding to its position that its president, Mario Draghi, will not go before the Oireachtas banking inquiry in spite of the fact that he will appear at certain committees of the Italian parliament on March 26th. In a statement released to The Irish Times on foot of a question as to why Mr Draghi will not attend the Irish inquiry but will address committees of the Italian parliament, a spokesman said: “The ECB as a European institution is primarily held to account by the European Parliament as the representation of all the union’s citizens. “Therefore, it does not participate in national parliamentary inquiries and will not take part in the proceedings of the inquiry committee of the Irish parliament.”

It added: “Nevertheless, in line with past practice of interaction between the ECB and national parliaments, the ECB is ready to take part in an informal exchange of views on matters within the remit of the ECB’s mandate with the relevant committees of the Irish parliament.” The spokesman reiterated that deputy president Vítor Constâncio “stands ready” to represent the ECB in “such an exchange of views”, adding he was well placed to do so by being the longest-serving member of the executive board who also attended the relevant Eurogroup/Ecofin meetings during the Irish financial crisis. The ECB president has also appeared before committees of the German, French and Spanish parliaments and the ECB spokesman said Mr Draghi would address the budget, finance and European affairs committees of the Italian parliament later this month.

Irish MEP Brian Hayes said it was “totally unsatisfactory” Mr Draghi was not willing to appear before the banking inquiry but addresses national parliaments in certain situations. Inquiry committee member John Paul Phelan wants the ECB to clarify its position: “We know Mr Draghi already attended a German parliamentary finance committee in late October 2012. It now appears he is attending a similar committee in Italy. The ECB needs to clarify its position. On the one hand it says it is not accountable to member state parliaments and so the ECB won’t attend our inquiry. “But without explanation the president of the ECB appears willing to attend Italy’s parliamentary finance committee.”

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They’re going to try and buy out the shadow system?

China To Curb Risks From Short-Term Local Debt (Reuters)

China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country’s vice finance minister, Zhu Guangyao, said on Saturday. On March 8, the ministry announced local governments would be permitted to swap 1 trillion yuan ($161.2 billion) of maturing, high-interest local debt for new official municipal or provincial bonds, to help cut interest costs. Zhu said local governments were burdened by piles of short-term debt, including that raised through trust products. “In accordance with the State Council’s plans, we will turn such short-term financing into long-term financing, and the size for 2015 is 1 trillion yuan,” Zhu told an international conference on China’s development attended by government officials, business leaders and academics. “This will help reduce the funding costs and reduce risks.”

But the authorities must prevent the problem of “moral hazard” in the process, he said, without elaborating. The government will keep economic growth stable this year while pushing forward financial and fiscal reforms, Zhu added. China has been trying to reduce excess factory capacity, local government debt and risks from a cooling property market, which are likely to drag growth to a quarter-century low of around 7% this year from 7.4% in 2014. “The pre-condition for our deleveraging is to maintain relatively stable economic growth,” Zhu said. The central bank has cut interest rates twice since November, on top of a cut in bank reserve requirements in February, amid concerns about growing deflationary risks, and more such moves are expected. In addition, the government plans to run its biggest budget deficit in 2015 since the global crisis to support spending.

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By design?

Why Do American Weapons End Up In Our Enemies’ Hands? (Ron Paul)

It happens so often you wonder whether it is due to total ineptness or a deliberate policy to undermine our efforts overseas. It’s most likely a result of corruption and unintended consequences, combined with a foreign policy that makes it impossible to determine who are our friends are and who are our enemies. One would think that so many failures in arming others to do our bidding in our effort to control an empire would awaken our leaders and the American people and prompt policy changes.

A recent headline in Mother Jones read: “US Weapons Have A Nasty Habit of Going AWOL.” The report was about $500 million worth of military equipment that is unaccounted for in Yemen. Just as in so many other places, our policy of provoking civil strife in Yemen has been a complete failure. At one time it was announced that there was a great victory in a war being won with drones assisting groups that claimed to be on our side in the Yemen Civil War. As usual, we could have expected that these weapons would end up in the hands of the militants not on the side of United States and would never be accounted for.

There are numerous examples of how our foreign intervention backfires and actually helps the enemy. Just recently a headline announced: “CIA cash sometimes refills al-Qaeda coffers.” This was a story of our government helping pay ransom to al-Qaeda for the release an Afghan diplomat. However this was a measly $5 million so it was not considered a big deal. Another headline just recently announced that, “Iraqi army downs two UK planes carrying weapons for ISIL.” The Iraqi army is supposed to be on our side, and many people believe the UK is also on our side as well. One thing for sure the American taxpayer pays for all this nonsense.

Building weapons and seeing them end up in the hands of the enemy is almost a routine event and one should expect it to continue to happen under the circumstances of the chaos in the Middle East. This represents a cost to the American taxpayer and is obviously a major contributing factor in what will be the ultimate failure of our plan to remake the Middle East. This is bad enough, and the only people who seem to benefit from it are those who are earning profits in the military-industrial complex. But there is something every bit as bad as our weapons ending up in the hands of the jihadists and being used against us. That is, the fact that our presence there, our weapons, and our bombs, are the best recruiting tool for getting individuals to join the fight against America’s presence in so many conflicts around the world.

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See Looks Like Germany May Have To Pay Up .

Nazi Extortion: Study Sheds New Light on Forced Greek Loans (Spiegel)

Last week in Greek parliament, Greek Prime Minister Alexis Tsipras demanded German reparations payments, indirectly linking them to the current situation in Greece. “After the reunification of Germany in 1990, the legal and political conditions were created for this issue to be solved,” Tsipras said. “But since then, German governments chose silence, legal tricks and delay. And I wonder, because there is a lot of talk at the European level these days about moral issues: Is this stance moral?” Tspiras was essentially countering German allegations that Greece lives beyond its means with the biggest counteraccusation possible: German guilt. Leaving aside the connection drawn by Tsipras, which many consider to be inappropriate, there are many arguments to support the Greek view. SPIEGEL itself reported in February that former Chancellor Helmut Kohl used tricks in 1990 in order to avoid having to pay reparations.

A study conducted by the Greek Finance Ministry, commissioned way back in 2012 by a previous government, has now been completed and contains new facts. The 194-page document has been obtained by SPIEGEL. The central question in the report is that of forced loans the Nazi occupiers extorted from the Greek central bank beginning in 1941. Should requests for repayment of those loans be classified as reparation demands – demands that may have been forfeited with the Two-Plus-Four Treaty of 1990? Or is it a genuine loan that must be paid back? The expert commission analyzed contracts and agreements from the time of the occupation as well as receipts, remittance slips and bank statements.

They found that the forced loans do not fit into the category of classical war reparations. The commission calculated the outstanding German “debt” to the Greek central bank and came to a total sum of $12.8 billion as of December 2014, which would amount to about €11 billion. As such, at issue between Germany and Greece is no longer just the question as to whether the 115 million deutsche marks paid to the Greek government from 1961 onwards for its peoples’ suffering during the occupation sufficed as legal compensation for the massacres like those in the villages of Distomo and Kalavrita. Now the key issue is whether the successor to the German Reich, the Federal Republic of Germany, is responsible for paying back loans extorted by the Nazi occupiers. There’s some evidence to indicate that this may be the case.

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Must read/Listen. “..the funding of the World Bank has mainly been to fund infrastructure developments, vastly overpriced, to Third World countries to create money for American engineering firms; also to lend out dollars and to indebt countries to it..”

Michael Hudson: Europe Tilts East Towards China (NC/TRRN)

Real News Network: So, Michael, let’s begin with the Asian Infrastructure Investment Bank. The Chinese have established this bank with a $50 billion investment. Now, is this then a serious challenge to the World Bank?

HUDSON: Well, the idea is to make an alternative development philosophy to the World Bank. From the very beginning, the World Bank has been basically an extension of the U.S. Defense Department, from the first president, John J. McCloy, who is assistant secretary of defense, down through Robert McNamara, 1968 to ’81, and then by the neocon cold warrior Paul Wolfowitz, 2005 to ’07, and Larry Summers, the chief economist, along with Bob Zoellick. So you have the purpose of the World Bank lending essentially for plantation export crops, for export crops to make countries avoid producing anything that might compete with American exports, above all grain, although every single mission of the World Bank, country mission, has recommended that countries undertake land reform and agricultural extension to help promote family farming and countries to feed themselves. The World Bank has not made loans for this.

The World Bank, under U.S. congressional pressure, has said, look, we’re not going to finance countries becoming independent of the United States; our function is to make them export more to the United States and to buy from the United States. So the funding of the World Bank has mainly been to fund infrastructure developments, vastly overpriced, to Third World countries to create money for American engineering firms; also to lend out dollars and to indebt countries to it; and worst of all, to promote privatization. And that’s really the big difference between the Chinese Development Bank’s philosophy and the World Bank.

The World Bank is pressured everywhere for privatization of public utilities, of basic infrastructure, and then it will make loans to the governments to develop this infrastructure or the roads and the external economies, and then sell them cheap to American buyers, who essentially will create monopolies and turn infrastructure into a rent extraction to squeeze out interest, dividends, management fees that are all going to be paid to the Americans. And this has been raising the price of basic utilities–communications, transportation, water, and other things throughout the Third World.

And this has made these economies uncompetitive with the United States that has a mixed economy where the government subsidizes infrastructure. So the Chinese Development Bank is to help make other countries get independent of this sort of neocon, neoliberal, right-wing economic philosophy and work government-to-government, help governments develop infrastructure, so that they can provide basic services at a lower cost or a subsidized cost, or even freely to the populations. That’s how the European countries and American economy got rich. And the only way to help repeat this process is to make a clean break from the United States and the World Bank.

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Abenomics has been a failure from day one. Is the blame game finally taking off?

Abe-Kuroda Honeymoon Soured By Fiscal Friction (Reuters)

A rift is emerging between Prime Minister Shinzo Abe and his hand-picked central bank boss on how to fix Japan’s tattered finances, which could blunt the impact of the “Abenomics” stimulus policies they have worked together to prosecute. Two years into Bank of Japan Governor Haruhiko Kuroda’s tenure, the cracks are becoming hard to conceal and could affect the timing of any further monetary easing and an eventual end to the massive money-printing program he set in train. Their differences over fiscal policy needed to cut Japan’s staggering public debt, which at 230% of GDP is twice the U.S. figure and about 50 points higher than perilous Greece, have so far been masked by their shared determination to end deflation.

The perception of common purpose is critical to giving businesses, markets and consumers the confidence to change behavior and ensure that the stimulus measures and inflation targets are effective. But the mask began to slip last year when Abe decided to delay a sales tax hike, making Japan’s primary fiscal goal harder to achieve. “The honeymoon days are over,” said Izuru Kato, chief economist at Totan Research. “Kuroda must be frustrated over a lack of progress in structural reform and fiscal consolidation.” A former finance ministry bureaucrat, Kuroda feels Japan cannot afford to delay tax hikes and spending cuts given its dire fiscal state, while Abe prefers to focus more on boosting growth to raise tax revenues.

Last month a key policy panel run by Abe’s right-hand man, Economics Minister Akira Amari, began debating proposals that could water down Japan’s fiscal target of returning to a primary budget surplus, excluding debt servicing costs and income from bond sales, in fiscal 2020. Abe has not resiled from that target, but the panel is laying the ground for him to add other goals that give him more wiggle-room on spending, government officials say.

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Too late to stop this. Hollande has turned into Tony Blair.

‘Abandoned’ French Working Class Ready To Punish Left, Vote Le Pen (Guardian)

At an election meeting just days before France’s regional elections, a Japanese journalist asked Marine Le Pen a question: why was her far-right Front National party tipped to do so well? Polls suggest that the FN vote will reach unprecedented levels, with up to 30% of the vote, just ahead of the opposition Union for a Popular Movement (UMP) party and leaving the ruling Socialist party trailing. “The Front National is alone against everyone. The French people have realised for some time now that the Front National’s analysis is right, and the other political parties have failed,” Le Pen responded. The FN had gone from “a party of opposition … to a movement of government” by addressing “the economy, immigration and Islamic fundamentalism”, she added. From Le Pen, a damning analysis of this type might be expected.

But from a member of the leftwing commentariat? A new “state of the nation” tome, L’Insécurité culturelle, by analyst Laurent Bouvet, has caused a storm in Paris salons by suggesting that the country’s working class is ready to vote FN in droves because it has been abandoned by the left and deceived by the country’s Socialist government. Bouvet accuses the left of sparking an identity crisis – “cultural insecurity” – among its core blue-collar electorate, by almost exclusively focusing on the problems of minority groups instead of French society as a whole. This has left the workers feeling cast adrift and alienated, he says. “The economic crisis, unemployment, social problems, globalisation make people afraid, but if it was just about economics we would see these people voting for the radical left, which they are not,” Bouvet told the Observer.

Bouvet is a political science professor and member of the leftwing thinktank the Jean Jaurès Foundation, which advises the Socialist party (PS) and aims to “promote the study of workers’ movements and international socialism and promote democratic and humanist ideas”. He says his latest, decidedly politically incorrect, message is one the left does not want to hear. Bouvet says PC blinkers have prevented the Socialists from addressing working-class anxieties about immigration and the rise of Islam – even in its moderate form – in areas where the so-called Français de souche (born-and-bred French) find themselves outnumbered by those with a different religion and cultural habits. Branded les petits blancs (white trash), and accused of racism or patronised if they express their fears, they have turned en masse to the FN, he says.

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Always a good discussion.

The Idea of “Basic Income” Takes Root (CP)

After years of having relatively few supporters, the idea of Basic Income is now spreading around the world. In Spain – probably “the place on Earth where the debate around Basic Income is most advanced” – after five years of public spending cuts, depressed demand, record unemployment, burgeoning poverty, and a growing public debt now at around 100% of GDP, and after twenty years of discussion in universities, grassroots movements and social networks, Basic Income is finally going mainstream.

Although the new game-changing left-wing political party Podemos has temporarily retreated from its initial Basic Income proposal in favour of “full employment” (more fitting, perhaps, for the welfare states of the 1940s, 1950s, and 1960s), many party members are Basic Income stalwarts. Other political organisations now proposing it include Equo, Pirata and Bildu (a coalition in the Basque Country) and, in Galicia, Anova, while still more small parties have projects which, while not strictly a Basic Income, come close.

A recent number of the Basic Income Earth Network newsletter gives an idea of the worldwide spread of different versions of Basic Income. In Greece the new ruling party Syriza has declared its aim to establish “a closer link between pension contribution and income… and provide targeted assistance to employees between 50 and 65, including through a Guaranteed Basic Income scheme so as to eliminate the social and political pressure of early retirement which over-burdens the pension funds”. In Finland, 65.5% of 1,642 (out of nearly 2,000) candidates for the parliamentary elections on 19 April publicly support the policy. Cyprus has passed a new law giving low income families a Guaranteed Minimum Income of €480 a month.

In 2013, a grassroots movement in Switzerland called for a Basic Income of 2,500 Swiss francs per month and received over 100,000 signatures needed to force a referendum on the proposal. 90% of the members of Hungary’s Green-Left party Párbeszéd Magyarországért (“Dialogue for Hungary”) have voted for a Basic Income to which all citizens would be entitled, €80 per month for children, €160 for adults and €240 for young mothers. The poverty line in Hungary is estimated at around €200 for a single adult. In Portugal, where Basic Income is relatively unknown and misunderstood, the political party LIVRE has included Basic Income in its draft political programme for the autumn elections this year. Now recognising that inequality and social justice are also “green” issues, the fast-growing Green Party of England and Wales has announced that a Basic Income will be included in its manifesto.

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Announcement from my old stomping grouds for the coming week. Québec has a long history of standing up for the poor, since the French were held down for centuries.

Wild Anti-Austerity Strike in Québec (Printemps2015.org)

Like wolves, humans act collectively and form groups in order to survive and defend our common interests. The idea of community is closely related to survival in the face of adversity and to the well being of society. The preservation of our habitat, of our social rights, and of our future depends on solidarity. Acting together in large numbers makes it much easier to defend our rights and our collective needs. That’s why we propose the creation of an alternative to the isolation and individualism pervasive in society by choosing collective action against the aggressive attacks of governments on our collective wellbeing. Both federal and provincial governments are engaged in attacks on the population.

They now demand that we pay more at the same as they are wantonly slashing everywhere: education and health systems, scientific research, pension funds, the environment, social and community programs, housing, arts and culture, union rights… Faced with the bewildering rate at which cuts and austerity measures are announced, action is urgently needed. The Spring 2015 committee calls for a push towards social change, starting this spring. We envision concrete resistance to austerity uniting students, workers, and society as a whole taking root in Québec. While they reach for the last pennies in our pockets, federal and provincial governments increase military spending, invest in prisons, police, and security measures, and roll out the red carpet for the extractive industries.

People with friends in high places, the rich, large companies, multinationals, banks and lobbying firms are running the show. A small minority is strangling the community. If the interests of the majority do not orient the actions and priorities of the government, it is illusory to continue to speak of this as a democracy. In a just and equitable society, wealth should not be accumulated at the expense of our environment and should be fairly redistributed amongst all. Indigenous peoples, Québecers, and Canadians are neither represented nor respected by governments who do not defend their rights. We will amplify popular discontent and launch a WILD STRIKE.

We call for the pillaging of society to be resisted with a general strike! Let’s disrupt this failed economic order which relegates the interests of society to the bottom of the list. An inclusive strike, a strike by any means: the closure of schools and offices, and cities at a standstill until each and every one of us receives what we are collectively owed. We demand that governments stop privatisation and the sabotage of the common good, end the destruction of the environment, and cease to only favour the rich! Otherwise, we’ll bite. This spring, block austerity! The Spring 2015 committees aim to facilitate the organisation of effective struggles for collective and environmental rights. Everywhere across Québec, let’s join together to massively refuse the ideological project of austerity.

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“..they feel they have the US particularly and the West in general behind them. So they feel they can engage in every moral reckless behavior because there are no consequences..”

Moral Hazard: Ukraine New Spy Law Designed As Provocation (RT/RonPaul Inst.)

If a Ukrainian draft law on intelligence comes into force, we might start seeing assassinations, bomb blasts, and psychological attacks in the Donbass region, says Daniel McAdams of the Ron Paul Institute. Ukraine’s parliament has passed a law allowing its intelligence units to carry out military operations in eastern Ukraine. If the President Petro Poroshenko signs the law, it would allow special services to infiltrate and operate in the self-proclaimed Donetsk and Lugansk republics.

RT: How does this current move from Kiev correlate with the current peace process in east Ukraine?
Daniel McAdams: I think it’s a provocation and it is designed to be a provocation. The goal is stated clearly from Kiev and it’s echoed in Washington, and to a degree in Berlin, as well, which is that Ukraine needs to be whole again—that is the point they are making including eastern Ukraine and even Crimea. So it is meant to be a provocation. The problem is the government in Kiev is operating with what in finance circles is called “moral hazard”—they feel they have the US particularly and the West in general behind them. So they feel they can engage in every moral reckless behavior because there are no consequences to the actions that they take. But if it does pass, I think it may give us some information, some indication as to what all of the visits from the CIA director to Kiev over the past year and a half were all about. And then we can probably start seeing things like assassinations in Donetsk and Lugansk, bombs going off, provocations, psychological operations. I think it opens the whole can of worms.

RT: The parliament in Kiev also voted on a bill branding some territories in the east as ‘occupied’ including Crimea. What is Kiev trying to achieve here?
DM: Because they can get away with it. The law on autonomy now is going to be granted only after elections take place under Kiev’s rules and laws which definitely goes against the Minsk agreements. They will be supervised by the OSCE which has hardly shown itself to be objective in this case. You’re basically having a de facto taking over of these regions all over again.

RT: What reaction are we expecting internationally, especially from France and Germany who are part of the Normandy Four?
DM: I don’t think they are going to do that much because they have not been willing to speak up and to reprimand their clients in Kiev so far. Yesterday, President Obama had a talk with Chancellor Merkel. And at least, according to the White House’s reading of the conversation, they are in complete agreement about retaining the sanctions on Russia and that the Minsk agreements needed to be fully implemented. So they are simply interpreting the Minsk agreement to suit their ultimate goal, which is the bringing of the regions of the east back under Kiev’s control.

RT: Do you think Washington and Europe are united on this objective?
DM: I wouldn’t say necessarily united but I think over the past year or so we’ve seen that Germany is ready to break. But aside from whisperers in the German intelligence community that basically half of the US generals are bonkers, there has been no real indication that Germany is ready to break. So I think reluctantly they are going along.

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“.. Lavrov said he was concerned Kiev might stage “provocations” to try to persuade the United States that it should aid Kiev by sending it lethal weapons.” He should be.

Russia Urges Germany, France To Safeguard Peace In Ukraine (Reuters)

Russia appealed to Germany and France on Saturday to ensure Kiev does not try to incite violence in east Ukraine to encourage the United States to send Ukrainian forces lethal weapons. Paris and Berlin helped mediate a peace deal in the Belarussian capital Minsk on Feb. 12 to try to end fighting between government forces and pro-Russian separatists in eastern Ukraine but the truce remains fragile. In an interview with Russian television, Russian Foreign Minister Sergei Lavrov said he was concerned Kiev might stage “provocations” to try to persuade the United States that it should aid Kiev by sending it lethal weapons.

“Provocateurs in Kiev … could try to ‘whip something up’ in the expectation that this will influence the world public and weapons will flow into Ukraine,” he told the new program Vesti on Saturday with Sergei Brilev. “I am convinced that Berlin and Paris, as the most important players …, should prevent such a turn of events.” Lavrov also repeated Russia’s opposition to United Nations peacekeepers being sent to the east.

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Makes sense.

France Decrees New Rooftops Must Be Covered In Plants Or Solar Panels (Guardian)

Rooftops on new buildings built in commercial zones in France must either be partially covered in plants or solar panels, under a law approved on Thursday. Green roofs have an isolating effect, helping reduce the amount of energy needed to heat a building in winter and cool it in summer. They also retain rainwater, thus helping reduce problems with runoff, while favouring biodiversity and giving birds a place to nest in the urban jungle, ecologists say.

The law approved by parliament was more limited in scope than initial calls by French environmental activists to make green roofs that cover the entire surface mandatory on all new buildings. The Socialist government convinced activists to limit the scope of the law to commercial buildings.The law was also made less onerous for businesses by requiring only part of the roof to be covered with plants, and giving them the choice of installing solar panels to generate electricity instead. Green roofs are popular in Germany and Australia, and Canada’s city of Toronto adopted a by-law in 2009 mandating them in industrial and residential buildings.

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Only the death penalty for all involved will help. Hunters, traders, buyers, the whole lot. No mercy.

Africa Is Centre Of A ‘Wildlife War’ That The World Is Losing (Observer)

The northern white rhino is heading the way of the dinosaurs. With only five left on Earth – three in Kenya, one in America, and one in the Czech Republic – extinction is now inevitable. It survived for millions of years, but could not survive mankind. This is just one subspecies, but soon the planet’s remaining 28,500 rhinos could be under threat from the illegal wildlife trade. Worth up to £12bn a year, it has joined drugs, arms and human trafficking as one of the world’s biggest crime rackets. Ground zero in this “wildlife war” is Africa, and the conservationists are losing as animals are slaughtered on an industrial scale to meet demand for horn and ivory in newly affluent Asian countries.

Urgent solutions will be debated this week in Kasane, Botswana, as politicians and environmentalists gather for a follow-up to last year’s much-trumpeted London conference on the crisis. Hosted by the British government and Princes Charles, William and Harry, 46 countries signed up to a “London declaration” that promised to address corruption, adopt legislation for tougher penalties against poachers and recruit more law enforcement officers. William Hague, then the foreign secretary, announced at the time: “I believe today we have begun to turn the tide.” More than a year later, however, when the Kasane summit reviews whether these commitments have been implemented, it seems likely that some will be found wanting.

Despite a celebrity-led drive to raise awareness in China and Vietnam, where horn is coveted as an ingredient in traditional medicine or as a status symbol, a record 1,215 rhinos were killed last year in South Africa, 20% more than in 2013. At least 220 chimpanzees, 106 orang-utans, 33 bonobos and 15 gorillas have been lost from the wild over the past 14 months, according to estimates by the Great Apes Survival Partnership. Elephants also remain under siege – at least 20,000 were poached annually from 2011 to 2013, according to the UN – although countries such as Kenya, Tanzania and Uganda have fought back with some measure of success over the past year. “The numbers are still going up and they don’t make us any happier,” said Dr Patrick Bergin, chief executive of the African Wildlife Foundation.

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About the last person on earth you want to handle the issue.

Australia PM Tony Abbott Unveils Plan To Save Great Barrier Reef (Guardian)

Australia has submitted its long-term plan to arrest the decline of the Great Barrier Reef, with Tony Abbott stressing to the international community that the government is “utterly committed” to the reef’s preservation. The Reef 2050 Long-Term Sustainability Plan has been compiled to allay concerns from Unesco over the fading health of the reef, with the organisation’s world heritage committee set to meet in June to decide whether the reef is to be listed as “in danger.” The plan sets a number of targets to reduce pollution running on to the reef, including an 80% reduction in nitrogen and a 50% cut in sediment by 2025.

The final version of the strategy has been re-written to include the policies of Queensland’s new Labor government, which has pledged to ban the dumping of dredged sediment in the reef’s world heritage area and to provide $100m over five years to improve water quality. For its part, the federal government is banning dumping in the reef’s marine park and announced a further $100m in funding for the Reef Trust, a body that will work with landowners to ensure chemicals are not flowing into the coral ecosystem. There will also be a new independent scientific panel, headed by the government’s chief scientist, Ian Chubb, which will oversee the work of the Reef Trust. Abbott said the government was helping to ensure that the reef is “handed on in the best possible condition to our children and grandchildren”.

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Our biggest crime aginst humanity: “African mining scandals, says Baldwin, “have roots in Mayfair”, while “oil deals in London have links to violence in Congo.”

The Global Extraction Industry: Plunder, Violence And Corruption (Observer)

Index on Censorship could not have awarded one of its Freedom of Expression prizes more estimably than to Angolan reporter Rafael Marques de Morais. In doing so, Index prises open Marques’s principal discourse: the prising open of the land itself by those who plunder for profit without heed. Marques’s writing in Angola on the links between diamond mining and government corruption draws attention to the growing causes for concern around the world in relation to the industry of “extraction” and how it behaves financially, politically and morally as it pursues sought-after minerals and commodities to fuel economic growth.

Across the globe, the management of extraction in poor countries rich in resources – by government and the multinationals they invite in – has become hallmarked by scandal, violence, corruption and environmental calamity. Vast international conglomerates are often faced with allegations that they abet the plundering of natural resources, usually in league with local officials and almost always to the detriment of indigenous communities. Only a fraction of the wealth accrued from extraction is left in the host country – to say nothing of the communities often “resettled” – ergo forcibly removed – from the land concerned. This nexus of politics and capitalism leads invariably to violence and death.

Ovid, who wrote around 10BC about the origins of man, accounted for the genesis of warfare in these terms: “The land, which had previously been common to all, like sunlight and breezes, was now divided up far and wide by boundaries, set by cautious surveyors. Nor was it only corn and their due nourishment that men demanded of the rich earth: they explored its very bowels, and dug out the wealth which it had hidden away, close to the Stygian shades; and this wealth was a further incitement to wickedness. By this time iron had been discovered, to the hurt of mankind, and gold, more hurtful still than iron. War made its appearance, using both metals in its conflict, clashing weapons in bloodstained hands.”

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