Jan 092020
 
 January 9, 2020  Posted by at 9:50 am Finance Tagged with: , , , , , , , , , ,  8 Responses »


John Vachon Five o’clock crowds, Chicago 1941

 

Pelosi Seeks To Limit Trump’s War Powers (USAT)
Pelosi Loses Senate Democrats On Trump Impeachment Delay (BBC)
McConnell Won’t Haggle With House Over Impeachment Trial Plan (R.)
Can You Locate Iran On A Map? Few Americans Can. (MC)
World Bank Trims 2020 Growth Forecast (R.)
Ghosn: Seeds of Renault-Nissan Crisis Were Sown By Macron (R.)
Carlos Ghosn And The Dark Corners Of Japanese Justice (G.)
Come Home, America: Stop Policing the Globe (Whitehead)
Juan Guaidó’s Surreal Regime Change Reality Show (GZ)
Hunter Biden ‘Biological And Legal Father’ Of Stripper’s Child – Judge (Fox)

 

 

“…citing ‘urgent’ concerns on Iran strategy…”

This of course cannot be about Trump alone. It has to concern an assessment of all past and future presidents too. Plus, you may be forced to change the Constitution. So future potential Democrat presidents will see their hands tied by Pelosi in 2020, and we’ll need an in-depth discussion about Obama and Hillary’s actions in Syria, Libya etc., because, again, it can’t be just about Trump. Is taking out Soleimani so much worse than raping Ghadaffi to death with a bayonet?

This is going to take a lot of time. More than the 10 months until the next election. In which Pelosi should ostensibly run if she wants to usurp the president’s powers.

 

Pelosi Seeks To Limit Trump’s War Powers (USAT)

The House will vote Thursday on a measure that would limit President Donald Trump’s ability to wage war with Iran, Speaker Nancy Pelosi announced. The Democratic House speaker said Trump’s action last week – authorizing a drone strike that killed top Iranian General Qasem Soleimani – was “provocative and disproportionate” and done without consulting Congress. Thursday’s debate will shine a spotlight on the Soleimani killing and the possibility of further escalation between the U.S. and Iran. It will also air constitutional questions about the president’s ability to order military action without congressional authorization.

“Members of Congress have serious, urgent concerns about the administration’s decision to engage in hostilities against Iran and about its lack of strategy moving forward,” Pelosi said. “To honor our duty to keep the American people safe, the House will move forward with a War Powers Resolution to limit the President’s military actions regarding Iran.” But even if the measure passes the House, which is controlled by Democrats, it will face hurdles in the GOP-controlled Senate. And Trump can veto the measure, as he did last year when Congress tried to end the American military role in Yemen.

Pelosi’s decision to move forward with the war powers measure came after Iran retaliated on Tuesday for Soleiman’s killing by launching ballistic missiles at two Iraqi airbases that house U.S. and coalition forces. Trump said that incident did not cause any American casualties and resulted in only minimal damage, as he sought to lower tensions with Iran in an address to the nation Wednesday. But Pelosi and other Democrats said they remained alarmed at the possibility of further military confrontation. “The consequences of this strike already … have been cataclysmic,” said Sen. Christopher Murphy, D-Conn., a member of the Senate Foreign Relations Committee. He and others said the situation could still easily spiral out of control.

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They get worried over their seats.

Pelosi Loses Senate Democrats On Trump Impeachment Delay (BBC)

The US Congress’ most powerful Democrat is losing support among Senate allies as she holds up President Donald Trump’s impeachment trial. House of Representatives Speaker Nancy Pelosi has delayed sending the articles of impeachment to the Senate in a tussle over rules with Republicans. Senator Dianne Feinstein called on Mrs Pelosi, her fellow California Democrat and ex-neighbour, to “send it over”. The Senate’s Republican leader vowed there would be “no haggling”. Mitch McConnell said he can muster the majority of 51 votes needed among his fellow Republicans in the Senate to codify the proceedings without Democratic support. Senate Democrats said prolonging the standoff would be pointless.


“The longer it goes on the less urgent it becomes,” Senator Feinstein said on Wednesday, Bloomberg News reported. “So if it’s serious and urgent, send them over. If it isn’t, don’t send it over.” The political trial of Mr Trump cannot begin until the Democratic-controlled House sends its articles of impeachment, the charges against the president, to the Senate. Senator Chris Coons, a Delaware Democrat, told Politico: “I respect the fact that [Pelosi] is concerned about the fact about whether or not there will be a fair trial, but I do think it is time to get on with it.” Senator Jon Tester, a Montana Democrat, said: “I don’t know what leverage we have. It looks like the cake is already baked.” Joe Manchin, a West Virginia Democrat, also said he believed it was time to start the Senate trial.

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“If Pelosi sought leverage over the Senate, McConnell said, “no such leverage exists … it will never exist.”

McConnell Won’t Haggle With House Over Impeachment Trial Plan (R.)

U.S. Senate Majority leader Mitch McConnell said on Wednesday the Senate would not haggle with the House of Representatives over procedures for President Donald Trump’s impeachment trial, adding that the Senate would make a decision on calling witnesses for the trial at the appropriate time. Speaking on the Senate floor, the Republican senator expressed exasperation that House Speaker Nancy Pelosi, in a letter to her fellow Democrats on Tuesday night, had indicated she would continue holding back the House-passed articles of impeachment from the Senate until she knows more about Senate plans for the impeachment trial.

McConnell did not specifically answer Pelosi’s demand, but lambasted her actions as “game-playing” and said she could not dictate the Senate’s trial proceedings. “There will be no haggling with the House over Senate procedure. We will not cede our authority to try this impeachment,” McConnell said. If Pelosi sought leverage over the Senate, McConnell said, “no such leverage exists … it will never exist.” He accused Pelosi of wanting to keep Trump “in limbo” over the trial indefinitely. The House in December charged Trump with abusing his power for personal gain by asking Ukraine to announce a corruption investigation of former Vice President Joe Biden, a leading contender for the Democratic nomination to face Trump in November’s presidential election.

It also charged the president with obstructing Congress by directing administration officials and agencies not to cooperate with the impeachment inquiry. Under the U.S. Constitution, the House brings impeachment charges, while impeachment trials are held by the Senate. But McConnell has said that Senate rules prevent the Senate from starting the trial until the House sends it the articles of impeachment, and the House has not done so.

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I like the ones who locate Iran inside the USA.

Can You Locate Iran On A Map? Few Americans Can. (MC)

As tensions between the United States and Iran rise in the aftermath of the American drone strike that killed the country’s most powerful commander, Gen. Qassem Soleimani, a new Morning Consult/Politico survey finds fewer than 3 in 10 registered voters can identify the Islamic republic on an unlabeled map.

Twenty-eight percent of registered voters were able to accurately label Iran on a map of the Middle East region, according to new Morning Consult/Politico polling conducted Jan. 4-5, before the Iranian military fired missiles at two bases in Iraq housing U.S. troops. Twenty-three percent could identify the country on a larger, also unlabeled, global map. Eight percent of voters thought Iran was Iraq on the smaller map.


The polling experiment sheds light on voters’ geographical unfamiliarity with foreign countries, even those with which the United States has been engaged in sustained conflict. Some respondents fared better than others, however.

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When will the first people stand up and say we can’t afford to grow any longer?

World Bank Trims 2020 Growth Forecast (R.)

The World Bank on Wednesday trimmed its global growth forecasts slightly for 2019 and 2020 due to a slower-than-expected recovery in trade and investment despite cooler trade tensions between the United States and China. The multilateral development bank said 2019 marked the weakest economic expansion since the global financial crisis a decade ago, and 2020, while a slight improvement, remained vulnerable to uncertainties over trade and geopolitical tensions. In its latest Global Economic Prospects report, the World Bank shaved 0.2 percentage point off of growth for both years, with the 2019 global economic growth forecast at 2.4% and 2020 at 2.5%.

“This modest increase in global growth marks the end of the slowdown that started in 2018 and took a heavy toll on global activity, trade and investment, especially last year,” said Ayhan Kose, the World Bank’s lead economic forecaster. “We do expect an improvement, but overall, we also see a weaker growth outlook.”

The latest World Bank forecasts take into account the so-called Phase 1 trade deal announced by the United States and China, which suspended new U.S. tariffs on Chinese consumer goods scheduled for Dec. 15 and reduced the tariff rate on some other goods. While the tariff rate reduction will have a “rather small” effect on trade, the deal is expected to boost business confidence and investment prospects, contributing to a pickup in trade growth, Kose said. Global trade growth is expected to improve modestly in 2020 to 1.9% from 1.4% in 2019, which was the lowest since the 2008-2009 financial crisis, the World Bank said. This remains well below the 5% average annual trade growth rate since 2010, according to World Bank data.

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Ghosn also has a French passport.

Ghosn: Seeds of Renault-Nissan Crisis Were Sown By Macron (R.)

Ex-Nissan boss Carlos Ghosn said on Wednesday that a surprise corporate move, orchestrated five years ago by French President Emmanuel Macron who was then economy minister, soured relations between Renault and Nissan and contributed to his ouster. Ghosn, the former head of the car alliance, said Nissan executives and Japanese officials were shocked by a 2015 decision by the French government to increase its voting rights at Renault. “This left a big bitterness. Not only with the management of Nissan, but also the government of Japan,” Ghosn told reporters, although he did not name Macron. “And this is where the problem started.”


In April 2015, as a 37-year-old minister with then-unknown presidential ambitions, Macron ordered a rise in the state’s stake in Renault here designed to secure double voting rights. The overnight move gave the French state a blocking minority in Renault, which in turn controlled Nissan via its 43.4 percent stake in the Japanese firm. According to French and Japanese sources, that rattled the Japanese side of the Renault-Nissan alliance, which feared a national champion was falling under the control of the French government.

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Ghosn was citing a 99.4% conviction rate in Japanese cases. Why have a lawyer?

Carlos Ghosn And The Dark Corners Of Japanese Justice (G.)

Given his brash demeanour and immense wealth, Ghosn is not a sympathetic character. Indeed, he may well be guilty of financial misconduct. But he is right to shine a light into the dark corners of Japan’s justice system. Anyone familiar with the Japanese justice system would know that Ghosn’s allegations are not far-fetched. In Japan, laws are used as weapons against targeted people and not applied equally. One example of this is the “hostage justice” (hitojichi-shiho) system. Hostage justice boils down to the accused remaining in custody until they incriminate themselves by signing a confession. Often this is drawn up by prosecutors who browbeat the accused without defence counsel.

Knowing that the playing field is tilted in favour of the prosecutors and that they could spend a very long time in jail even before going to court, many innocent defendants confess. Ghosn spent more than 120 days in detention. In the late 1980s, a once high-flying company president called Hiromasa Ezoe was accused of bribery. Despite extreme pressure to confess, Ezoe defied prosecuting authorities by pleading not guilty. Over a decade of judicial purgatory later, he was effectively exonerated by receiving a suspended three-year sentence in 2003. In 2010 he published a book, Where is the Justice?, a savage indictment of a system in which the presumption of innocence is abandoned and defendants are railroaded. Ghosn may well have wanted to avoid this fate.

In Japan, the accused can be held for 23 days without charge – this is almost indefinitely renewable as judges normally give prosecutors the benefit of the doubt. In April 2019, more than 1,000 lawyers and scholars submitted a petition to the justice ministry demanding an end to this antediluvian system. The Japan Federation of Bar Associations has also long lobbied against it. The 2019 petition doesn’t mince its words, asserting that the “long-term detention in the Carlos Ghosn case has triggered surprise and criticism overseas, leading to doubts about Japan’s integrity as a democratic nation that guarantees human rights”.

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“Worldwide, the military runs more than 170 golf courses.”

Come Home, America: Stop Policing the Globe (Whitehead)

It’s time to bring our troops home. Bring them home from Somalia, Afghanistan, Iraq and Syria. Bring them home from Germany, South Korea and Japan. Bring them home from Saudi Arabia, Jordan and Oman. Bring them home from Niger, Chad and Mali. Bring them home from Turkey, the Philippines, and northern Australia. That’s not what’s going to happen, of course. The U.S. military reportedly has more than 1.3 million men and women on active duty, with more than 200,000 of them stationed overseas in nearly every country in the world. Those numbers are likely significantly higher in keeping with the Pentagon’s policy of not fully disclosing where and how many troops are deployed for the sake of “operational security and denying the enemy any advantage.”

As investigative journalist David Vine explains, “Although few Americans realize it, the United States likely has more bases in foreign lands than any other people, nation, or empire in history.” Don’t fall for the propaganda, though: America’s military forces aren’t being deployed abroad to protect our freedoms here at home. Rather, they’re being used to guard oil fields, build foreign infrastructure and protect the financial interests of the corporate elite. In fact, the United States military spends about $81 billion a year just to protect oil supplies around the world. The reach of America’s military empire includes close to 800 bases in as many as 160 countries, operated at a cost of more than $156 billion annually.

As Vine reports, “Even US military resorts and recreation areas in places like the Bavarian Alps and Seoul, South Korea, are bases of a kind. Worldwide, the military runs more than 170 golf courses.” This is how a military empire occupies the globe. Already, American military servicepeople are being deployed to far-flung places in the Middle East and elsewhere in anticipation of the war drums being sounded over Iran. This Iran crisis, salivated over by the neocons since prior to the Iraq War and manufactured by war hawks who want to jumpstart the next world war, has been a long time coming. Donald Trump, Barack Obama, George W. Bush, Bill Clinton: they all have done their part to ensure that the military industrial complex can continue to get rich at taxpayer expense.

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The opposition will get rid of Guaidó, Maduro doesn’t have to do much.

Juan Guaidó’s Surreal Regime Change Reality Show (GZ)

Fistfights and screaming matches broke out at Venezuela’s National Assembly on January 5, when the legislative body was scheduled to elect its leader. But the melee was not what the corporate US media has portrayed it as. The fights weren’t between the Chavistas who support the Bolivarian Revolution and President Nicolás Maduro on one side and opposition members on the other, but rather between competing members of the opposition itself. The opposition imploded because Juan Guaidó, the former president of the National Assembly and self-declared “interim president” of the country, lost his campaign to be reelected as head of the legislature.

The Venezuelan opposition is in a state of disaster — as it has been since former President Hugo Chávez’s first election in 1998. It’s a loose and ever-changing coalition of around a dozen political parties, with differing ideologies, strategies, and constituencies. The far right, which is comprised mainly of the Voluntad Popular and Primero Justicia parties, is filled with people who have been receiving financial and logistical support from the United States for the past 20 years. In the 2002 coup against then President Chávez, the far right briefly took over, and excluded the more moderate opposition from positions of power. The moderates learned the wrong lesson: instead of challenging the US-backed right, it caved to them, acceding to their plans of regime change and undemocratic maneuvers.

But an important split occurred between the moderates and the extremists during the presidential elections in May 2018. The moderates ignored the far right’s calls for a boycott and won 3 million votes in the presidential elections, out of a voting electorate of around 15 million people (with approximately 20 million eligible voters). In September 2019, these moderate opposition figures sat down with the Maduro administration and came to a wide-ranging agreement that included a bipartisan rejection of US sanctions and the appointment of new members of the National Electoral Council.

Between them, the moderates and Chavistas now represent more than 9 million votes, accounting for a full 60 percent of likely voters and 45 percent of eligible voters. This dialogue between two important sectors of Venezuela electoral politics helps explain why September, October, and November were easily the most stable three months for Venezuela in the past year. The dialogue led directly to the events of January 5 in Caracas.

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Get out of the race, Joe, you’re muddying the field.

Hunter Biden ‘Biological And Legal Father’ Of Stripper’s Child – Judge (Fox)

Hunter Biden, the son of presidential candidate Joe Biden, is the “biological and legal father” of a child he fathered with an ex-stripper, an Arkansas judge ruled Tuesday, contradicting the younger Biden’s previous denials that he had any role in the pregnancy. In an order establishing paternity, Independence County, Ark., Circuit Judge Holly Meyer noted that the results of DNA tests indicated Biden was the father “with near scientific certainty,” and instructed the Arkansas Department of Health to issue a birth certificate listing Biden as the father of 29-year-old Lunden Alexis Roberts’ child.

Roberts, who The New York Post reported was a stripper at a Washington, D.C., club that Biden patronized, received “primary physical and legal custody” of the child. In previous filings, Roberts told the court that Hunter Biden “had no involvement in the child’s life since the child’s birth, never interacted with the child, never parented the child,” and “could not identify the child out of a photo lineup.”

Biden “shall have visitation with the child as agreed between the parties,” Judge Meyer ruled. The next hearing in the case is now set for Jan. 29 at 9:30 a.m. ET, to address “temporary child support for the minor child and other matters,” the judge wrote, adding that the parties have until Jan. 16 to comply with all “pending discovery” which is currently “past due.” Another hearing is set for the morning of March 13 to handle any remaining discovery issues, with a final hearing on May 13 to set “permanent child support for the minor child.”

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Include the Automatic Earth in your 2020 charity list. Support us on Paypal and Patreon.

 

Jan 082020
 


Dorothea Lange Farm boy at main drugstore, Medford, Oregon 1939

 

Iranian Strike Was ‘Proportionate’ Self-Defense, No Need For War – FM Zarif (RT)
Predictions for the 2020s (Dmitry Orlov)
Some Other People Do Some Other Things (Kunstler)
Maduro Opponents Storm Parliament To Reinstall Guaidó As Leader (G.)
Boeing Changes Stance, Recommends 737 MAX Simulator Training For Pilots (R.)
US, EU Regulators To Meet With Boeing This Week On 737 Max Software Audit (R.)
Shadow Banking Runs (MW)
The Americans Dying Because They Can’t Afford Medical Care (G.)
‘Roadmap To Recovery’ Could Reverse Insect Apocalypse (G.)
Love the Land or Watch It Die (Yates)

 

 

I don’t know exactly what lies behind the US attack on Soleimani anymore than others do. The difference between us appears to be that I don’t pretend to know. Is the attack truly the start of WWIII, as I see many voices present as fact? Or did the US merely take out a dangerous individual? I don’t know, and neither do they.

If the Iranian reaction is anything to go by, WWIII seems far away. Tehran did what Trump did in Syria: dump missiles in the desert. They purposely avoided hitting their targets, and killing anyone. We know this because they know the region very well and their missiles are good enough to hit what they want to hit.

Don’t let’s forget that Iran can’t and won’t do much of anything without talking to Putin -and perhaps Xi- first. Putin yesterday flew to Syria, maybe just to make his presence known. It is no use for anyone to discuss Iran-US without including Putin.

What the entire situation may boil down to is even a new opening for talks between Iran and the US. Whether that is more or less likely than WWIII is something I don’t know, and neither do all those commentators.

As for all the war belligerent talk by Tehran and Washington, it’s how these things are conducted; no use taking that stuff at face value. Iran must talk the talk, and fly the missiles, for domestic purposes. Ditto for Trump.

Iran FM Zarif -who was refused a US visa just days ago- makes a peace offer. And sure, oil prices shoot up, but neither country sees that as a bad thing -for now-.

 

Iranian Strike Was ‘Proportionate’ Self-Defense, No Need For War – FM Zarif (RT)

Missile strikes against US bases in Iraq were legitimate self-defense measures and are now over, as Iran does not intend to wage war or escalate the situation further, Foreign Minister Javad Zarif has said. Two volleys of missiles aimed at the Al-Asad base in Iraq’s Anbar province and another facility near Erbil were “proportionate measures in self-defense” under 51 of the UN Charter, Zarif tweeted from Tehran in the early hours of Wednesday, describing the action as “completed.” Zarif noted that the strikes targeted the US base from which “cowardly” attacks were launched against Iranian citizens and senior officials – referring to General Qassem Soleimani, head of the Islamic Revolutionary Guard Corps (IRGC) Quds Force, killed in a drone strike outside Baghdad last week.


Iran threatened “hard revenge” against the US for Soleimani’s death. The strike on Al-Asad reportedly took place at 01:20 local time on Wednesday, the exact time Soleimani’s convoy had been struck. Another volley of missiles followed about an hour later. The Pentagon said no Americans were killed in the attacks. There are conflicting reports about possible Iraqi casualties. As it sent out the two missile volleys, the IRGC threatened any regional US allies they would be targeted next if their territory is used for any follow-up attacks on Iran.

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Trump’s tweet: All is well! Missiles launched from Iran at two military bases located in Iraq. Assessment of casualties & damages taking place now. So far, so good! We have the most powerful and well equipped military anywhere in the world, by far! I will be making a statement tomorrow morning.

If the US press were in working order, Trump would not make such crazy claims. But nobody tells Americans how far Russia has moved ahead of the US in military matters. Dmitry explains again:

Predictions for the 2020s (Dmitry Orlov)

With regard to military matters, it seems safe to declare that by the end of the 2020s the US empire will be definitively over. It is already the case that the US can no longer even threaten a long list of countries, especially those armed with Russia’s new air defense systems which can establish no-fly zones for US aircraft, while the US military cannot function at all if it is denied air superiority. It is also already the case that the entire US aircraft carrier fleet is obsolete and useless because the latest Russian missiles can reliably sink it from greater distances than can be reached by the armaments or the aircraft these aircraft carriers carry.

Add to this the fact that Russia’s latest missiles, which can achieve Mach 20 and which cannot be intercepted using any current or planned missile defense systems, make it possible to take out targets on the US mainland, including the Pentagon itself, should the US ever attack Russia. The US still has nuclear deterrence, plus the ability to cause minor mischief by arming and training terrorist groups around the world, but it is so woefully behind Russia in weapons development that it will probably never catch up in spite of constantly outspending Russia ten-to-one on defense.

Russia’s stance with regard to NATO troops training, preening and posturing provocatively right on Russia’s borders has been largely dismissive. Russia has largely rearmed with new weapons based on new physical principles known only to its scientists, engineers and designers and is now cutting its defense budget while bringing in billions from increased worldwide weapons sales. The US cannot catch up—not due to lack of money (as long as the printing press continues to run) but due to lack of brains.

As the impotence of the US military becomes obvious, the NATO alliance will come apart. Already Turkey, which is NATO’s second-largest member, is barely a member at all and far more interested in cooperating with Russia and Iran on defense matters rather than with the US. In spite of this, the US military-industrial complex will continue its zombie-like existence until the money dries up, at which point my initial prediction of US troops left stranded at a multitude of overseas locations with no resources available to repatriate them will come true.

[..] Although collapse in the US is yet to run its course, I feel that it is already time to give the United States of America a more appropriate name. After all, it is not the only united states on the American continent: there is also Estados Unidos Mexicanos. This shameful, self-important name-squatting has to come to an end at some point. I therefore propose renaming the USA—perhaps not immediately, but perhaps in a decade, maybe two. As its new name I would like to suggest something like the Republic of Deteriorado, Degenerado or Disintegrado. Its national language is likely to become Spanglish. Its national bird already seems to be the extended middle finger. As for its flag, here we can simply observe which flag is considered sufficiently sacred and inviolable to result in jail time for anyone who dares to burn it in public. And it turns out to be the LGBTQ rainbow flag.

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“..the two countries slugged it out through the entire 1980s. About a quarter-million people died in that war. ..”

Some Other People Do Some Other Things (Kunstler)

The financial markets know that a lot less new investment will flow into shale oil from now on, since it was a lousy investment the past ten years, despite all the admirable techno-virtuosity behind it, and that before long the mighty shale oil bell curve will turn down, and everything economic with it. Folks who make foreign policy and military plans may sense this too, perhaps dimly. But then they confront the additional mystifying calculus of all those moiling parties in the Middle East jockeying for position and advantage as the oil-hungry big dogs of the world desperately try to figure how to keep those oil flows going their way.

Eventually — and sooner rather than later — the mighty flows of everything in the global economy have to neck down, and the process will probably consist of sharp political and economic shocks rather than simple deceleration. Just such a shock was the assassination of General Qassim Suleimani. His multifarious activities all around the Middle East were in themselves a symptom of the instability dogging Iran as its economy wobbles. Much of that is due to the squeeze that the USA put on Iran in the way of trade sanctions and currency movements. And much of that stems from events over forty years ago when the mullahs ran the shah out of town and took the American embassy staff hostage for well over a year. The enmity on both sides runs wide and deep.

Iran’s neighbor, Iraq, is quite a prize oil-wise, and Iran has made significant inroads attempting to gain control of that broken country, even while the USA retains its garrisons there. The region of Iraq closest to Iran, Basra, is overwhelmingly Shia, like Iran, and produces a lot of Iraq’s oil. Baghdad is not so hot to give it up. Remember, the two countries slugged it out through the entire 1980s. About a quarter-million people died in that war. It is surely a high priority for the USA to not let that Iraqi oil slip into Iran’s hands. It’s a zero-sum game, of course, because even Iraq’s copious oil reserves will not save the global economy’s ass, let alone Iran’s economy.

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It’s become laughable. Exclusively.

Maduro Opponents Storm Parliament To Reinstall Guaidó As Leader (G.)

Venezuela’s increasingly byzantine political meltdown took its latest turn on Tuesday as opponents of authoritarian president Nicolás Maduro stormed the country’s parliament to reinstall Juan Guaidó as their leader. Troops loyal to Maduro had surrounded the palm-dotted national assembly compound in Caracas in a bid to keep Guaidó and his supporters out after the president’s attempt to seize control of the parliament on Sunday. But in frantic scenes that spread rapidly on social media, Guaidó and his backers were filmed physically forcing their way into the 19th-century capitol to cheers of “Viva Venezuela!” Outside, pro-government thugs attacked and robbed Venezuelan and European journalists, including one correspondent from Spain’s El País.


Inside, Guaidó was sworn in for a second term as Venezuela’s caretaker leader, even though the auditorium’s electricity had been cut. “In the name of those who have no voice, of the mothers who weep in the distance, of the teachers who are battling and the nurses and the students, of the political prisoners … in the name of Venezuela, I vow to fulfill the duties of interim president,” said Guaidó, who is recognized by more than 50 governments including the United States and United Kingdom but boasts little concrete power. Guaidó’s wife, Fabiana Rosales, tweeted: “Now the struggle goes on, together with all Venezuelans we will rescue our country from dictatorship.”

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But they don’t have nearly enough simulators.

Boeing Changes Stance, Recommends 737 MAX Simulator Training For Pilots (R.)

If U.S. and international regulators ultimately back Boeing’s proposal, it could take airlines longer to prepare their crews to fly the 737 MAX jets that have been grounded since March after two crashes that killed 346 people. Boeing has been working on revised pilot training and software updates for the 737 MAX to win regulatory approval for the jets to fly commercially again. After repeated setbacks, the U.S. Federal Aviation Administration (FAA) is not expected to give the greenlight until at least February, perhaps March or later. Last year, the planemaker said it would propose that MAX pilots did not need to train on costly simulators, a position it originally used to market the latest version of its 737 narrowbody workhorse against competition from European rival Airbus.

Airlines that bought the MAX have had to cancel flights while the global fleet remains grounded. If only computer-based training were required for renewed 737 MAX commercial flying, Boeing’s largest customer Southwest Airlines had said it would take one to two months to prepare its more than 9,500 pilots on the updates. Southwest had not been part of Boeing’s recent discussions on pilot training recommendations and could not provide additional cost or timing estimates before there was specific guidance, spokeswoman Brandy King said. Southwest has three MAX simulators in various stages of FAA certification and expects three more later this year.

American Airlines and United Airlines each have one MAX simulator. Not many MAX simulators exist and it was unclear if training could be performed on the 737 NG simulator that 737 pilots have used until now. As of December, Toronto-based manufacturer CAE had delivered 23 MAX full-flight simulators, a spokeswoman said.

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This could have been written a year ago. Any progress?

US, EU Regulators To Meet With Boeing This Week On 737 Max Software Audit (R.)

U.S. and European aviation safety regulators will meet with Boeing this week in an effort to complete a 737 MAX software documentation audit – a key step toward the grounded plane’s eventual return to service. The European Union Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA) both confirmed on Tuesday that they will meet in the Seattle-area with Boeing before heading to a Rockwell Collins facility in Cedar Rapids, Iowa, in an effort to complete the audit. Documentation requirements are central to certification for increasingly complex aircraft software, and can become a source of delays. In 2008, EASA nearly derailed Europe’s Airbus A400M military transporter over software documentation following a failed audit.


In early November, EASA and FAA met with Boeing at the Rockwell Collins facility in Cedar Rapids and did not approve the audit. Instead, they sought revisions to the documentation of the 737 MAX software fix and flagged a number of issues, Reuters reported. In mid-January, Boeing will halt production on the best-selling plane, which has been grounded since March following two crashes in Ethiopia and Indonesia that killed 346 people in five months. Boeing said on Monday it was reassigning 3,000 employees to other jobs as a result of the temporary halt. Reuters has reported previously that the FAA is unlikely to approve the plane until at least February and perhaps until March or later. Boeing said in November that regulators had requested the “information be conveyed in a different form, and the documentation is being revised accordingly.”

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Big in China.

Shadow Banking Runs (MW)

The U.S. shadow banking sector is alive and well, growing at a fast pace and remains opaque, experts said Friday. And while the sector might not cause the next downturn, it could add to the economy’s troubles in a downturn. The shadow banking sector, now called by the more polite term “private debt market’ has roughly tripled in size over the past few years and one estimate puts the size around $1.2 trillion, said Steven Kaplan, a professor at the University of Chicago, at the American Economics Association conference in San Diego. About half of the market is collateralized loan obligations, or CLOs. These are business loans pooled together and carved into investment products.

The other half are direct loans to businesses by private firms, or DLFs, or by business development companies known as BDCs that are set up like real estate investment trusts. The loans go to U.S. middle-market companies, with sales between $10 million and $1 billion that are typically not publicly traded. Kaplan said the growth in private debt market shows no sign of slowing down. In the wake of the financial crisis, federal regulators placed new rules on banks but with global interest rates low, institutional investors are reaching for yield and there is increased demand for private market debt.

Jeremy Stein, a former Federal Reserve governor and a finance expert at Harvard, said he was “ambivalent” about the trend. On the one hand, private debt funds are generally holding more equity than traditional banks. But at the same time, especially for the open-ended funds, their investors can demand their money at any time, Stein said. And there might be advantages to leaving first. “They can get run on,” he said.

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Why study, invent new tools etc., if you’re not going to use them?

The Americans Dying Because They Can’t Afford Medical Care (G.)

A December 2019 poll conducted by Gallup found 25% of Americans say they or a family member have delayed medical treatment for a serious illness due to the costs of care, and an additional 8% report delaying medical treatment for less serious illnesses. A study conducted by the American Cancer Society in May 2019 found 56% of adults in America report having at least one medical financial hardship, and researchers warned the problem is likely to worsen unless action is taken. Dr Robin Yabroff, lead author of the American Cancer Society study, said last month’s Gallup poll finding that 25% of Americans were delaying care was “consistent with numerous other studies documenting that many in the United States have trouble paying medical bills”.


Despite millions of Americans delaying medical treatment due to the costs, the US still spends the most on healthcare of any developed nation in the world, while covering fewer people and achieving worse overall health outcomes. A 2017 analysis found the United States ranks 24th globally in achieving health goals set by the United Nations. In 2018, $3.65tn was spent on healthcare in the United States, and these costs are projected to grow at an annual rate of 5.5% over the next decade. [..] A 2009 study conducted by researchers at Harvard Medical School found 45,000 Americans die every year as a direct result of not having any health insurance coverage. In 2018, 27.8 million Americans went without any health insurance for the entire year.

Read more …

“Scientists” should not lead this. You and I should, armed with the precautionary principle.

‘Roadmap To Recovery’ Could Reverse Insect Apocalypse (G.)

The world must eradicate pesticide use, prioritise nature-based farming methods and urgently reduce water, light and noise pollution to save plummeting insect populations, according to a new “roadmap to insect recovery” compiled by experts. The call to action by more than 70 scientists from across the planet advocates immediate action on human stress factors to insects which include habitat loss and fragmentation, the climate crisis, pollution, over-harvesting and invasive species. Phasing out synthetic pesticides and fertilisers used in industrial farming and aggressive greenhouse gas emission reductions are among a series of urgent “no-regret” solutions to reverse what conservationists have called the “unnoticed insect apocalypse”.

Alongside these measures, scientists must urgently establish which herbivores, detritivores, parasitoids, predators and pollinators are priority species for conservation, according to a new paper published in Nature Ecology & Evolution. The animals are crucial to the healthy functioning of ecosystems by recycling nutrients, serving as pollinators and acting as food for other wildlife. The paper comes amid repeated warnings about the threat of human-driven insect extinction causing a “catastrophic collapse of nature’s ecosystems”, with more than 40% of insect species declining and a third endangered, according to the first worldwide scientific review, published in February 2019.

[..] The scientists have called on governments to follow the example of Germany, which announced a €100m action plan for insect protection in September 2019, adding that there is a strong consensus among experts that the decline of insects, other arthropods and global biodiversity is a serious threat that society must address. In the short term, the roadmap advocates immediate action on rewilding and conservation programmes, avoiding and mitigating the impact of alien species and prioritising imports that are not produced at the cost of species-rich ecosystems. Enhancing citizen science projects to improve data quality and inform academic study was also deemed a priority.

“Most importantly, we should not wait to act until we have addressed every key knowledge gap. We currently have enough information on some key causes of insect decline to formulate no-regret solutions whilst more data are compiled for lesser known taxa and regions and long-term data are aggregated and assessed,” the roadmap states.

Read more …

The precautionary principle added to being in constant awe of a world we cannot even begin to comprehend. Or: what conservatism should really be about.

Love the Land or Watch It Die (Yates)

Sagebrush, Ponderosa Pine, Juniper Trees, and Piñón Pine are important flora in the western United States. Juniper can live more than 1,000 years, as can some Piñón. Ponderosa live up to 400 years. Sagebrush is a perennial and can survive for 100 years. All have been and are used for a variety of purposes by native peoples. They are also integral parts of what were once vibrant ecosystems in some of the most beautiful and astonishing parts of the United States. The ways in which plants, grasses, trees, and wildlife interreacted, in what are harsh environments, was remarkable. Not only could we learn much from studying these ecosystems, but their sheer beauty made them places worthy of contemplation and awe.

We know that biodiversity is essential to any efforts to limit global warming, to avoid devastating fires, to, in a word, the maintenance of a healthy, habitable earth. Where a part of the planet is healthy, it should not be made unhealthy. John Donne said, “No man is an island entire of itself; every man is a piece of the continent, a part of the main.” But then he wrote, “if a clod be washed away by the sea, Europe is the less, as well as if a promontory were.” That is, the human and the non-human world are intimately connected, in ways increasingly known by scientists but little understood by most of us, to our detriment.

Unfortunately, the integrity of the earth has been constantly ripped apart by the incessant drive for cash benefit. In the Intermountain West, that space between the Front Range of the Rocky Mountains to the east and the Cascade Range and the Sierra Nevada to the west, government agencies, in league with powerful economic interests and even environmental groups, have joined together to utterly devastate the land. The Bureau of Land Management, the U.S. Forest Service, Fish and Wildlife Service, the National Park Service, and numerous state agencies, routinely poison and otherwise kill wolves, mountain lions, grizzlies, and coyotes; effectively privatize public lands; and apply pesticides to, chainsaw, and otherwise rip apart sagebrush, Ponderosa, Piñón, and Juniper.

While pseudoscientific justifications are sometimes offered to the gullible, the goal is to free public lands for mining, drilling, logging, jeep and ATV tourism, and worst of all, cattle grazing. The results have been predictable: invasive species, ruined ecosystems, species on the verge of extinction, repulsive animal cruelty, and the diminution of public property. Further, the more this is done, the more it will continue to be done, as the public comes to think of that which is now is normal, if they think at all.

Read more …

 

Eloquence. Watch.

 

 

 

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Jan 242019
 


René Magritte The black flag 1937

 

One thing I am not is an expert on Venezuela. What I know is the country has the world’s largest oil reserves, mainly in the Orinoco Belt, but they come in a form of tar sands that while they are not as hard to exploit as Canada’s (viscosity), they’re far from easy, and buried deep. And I know Venezuela had Hugo Chávez as its president, who, for a socialist, was quite successful at what he did (depending who you ask).

And I know of course that the US yesterday recognized an opposition leader, Juan Guaido, as the ‘real’ president of Venezuela, instead of the elected Nicolas Maduro, whom Chávez picked as his successor. Soon as I read that, I thought: CIA. If Chávez, and Maduro, are hated in one place in the world, look no further than Langley, Virginia.

So I looked up a few articles I though would be interesting to read. The first comes from a site called Venezuela Analysis, an entity recommended for Venezuela news. They had the article below, but also this enlightening picture:

Note: in 2002, coincident with the attempted coup against Chávez, half the employees at state oil company PDVSA went on strike. They must have felt like clowns, too, 48 hours later.

The article explains what happened in terms you can find everywhere (but are perhaps good to note), except for the last bit:

 

Venezuelan Opposition Leader Guaido Declares Himself President, Recognized by US and Allies

Opposition leader Juan Guaido swore himself in as “interim president” of Venezuela on Wednesday, a move which was immediately recognized by the United States and regional allies. “As president of the National Assembly, before God and Venezuela, I swear to formally assume the competencies of the national executive as interim president of Venezuela,” he declared before an opposition rally in eastern Caracas.

Guaido had already proclaimed on several occasions that he was “ready” to assume the responsibilities of the executive branch, as the US was reportedly considering recognizing him as “interim president.” US authorities reacted swiftly, with President Donald Trump, Secretary of State Mike Pompeo and Senator Marco Rubio immediately voicing their recognition of Guaido as Venezuela’s interim president.

“I will continue to use the full weight of United States economic and diplomatic power to press for the restoration of Venezuelan democracy,” Trump said in a statement. Washington’s regional allies, including Canada, Brazil, Argentina, Colombia and other members of the so-called Lima Group, were quick to follow suit, giving their backing to the 35-year-old opposition politician.

The Lima Group had set the tone in early January with a statement refusing to recognize Maduro’s second term. Meanwhile, Cuba and Bolivia expressed their support for Maduro, while Uruguay and the new Lopez Obrador government in Mexico refused to recognize Guaido as president and called for dialogue to “avoid an escalation of violence.” Russia and Turkey likewise indicated that their relations with Maduro administration were unchanged.

This last paragraph may be the most important and revealing bit of news we see today:

[..] Torino Capital Chief Economist Francisco Rodriguez, who advised defeated opposition presidential candidate Henri Falcon last year, wrote on Twitter that the recognition from the Trump administration makes it possible for Guaido, or a presumed transition government, to take charge of Venezuelan assets on US soil, such as state oil company PDVSA’s largest subsidiary, CITGO. It could also prevent the Venezuelan government from invoicing payments for oil shipments.

Without CITGO life becomes hard for Maduro, very hard. The company has extensive refining and chemicals capacity in the Houston area, but the US hasn’t been able to touch it until now. If they get enough allies to recognize their CIA puppet as president, they can close it down, sell it off to Exxon, anything they want. But we’re not there yet.

Russia has been very outspoken in its opinions about what’s going on. Its Rosneft oil company has large assets in Venezuela. Just like China has huge loans outstanding in the country. And though it’s hard to gauge how strong the people’s support is for Maduro (don’t believe everything you read), there’s no doubt where the army stands. The whole top brass was on TV today pledging loyalty to the government.

Turkey also came out strong in favor of Maduro. A Turkish site named Yeni Safak talks about social media as an intelligence tool:

 

CIA Launches Media Campaign To Ignite Protests Against Venezuela’s Maduro

The CIA is backing Washington’s decision to recognize Venezuela’s opposition leader Juan Guaido as president by manipulating the public opinion against democratically-elected President Nicolas Maduro and the legitimate government over social media platforms. [..] Millions of posts designed to instigate Venezuelans against the country’s legitimate president, Nicolas Maduro, were shared in a very short time to kindle a social unrest against Maduro.

Assoc. Prof. Dr Levent Eraslan unveiled the striking details of the U.S’s perception and deception strategies [..] Stressing the U.S. national intelligence’s strategy report in 2019 that consists Pentagon’s intervention in Venezuelan politics, Eraslan said, “The role of ‘machine learning’ and providing data to decision makers by determining political instabilities through social media were emphasized in the report.”

Noting that thousands of tweets that have been shared from different accounts in the last two days, “People are being called to take streets to overthrow the elected president. The efforts to trigger rebellion and push this process into a bloody situation through social media networks such as Twitter, YouTube, and Facebook can be observed,” he concluded.

This is from Volkan at DutchTurks; nothing is new (except Facebook as a regime change instrument):

 

 

Hugo Chávez was president of Venezuela from 1999 to his death of cancer in 2013. Whatever you may think of the man, and you don’t have to think hard to know what the CIA thought of him, have you ever wondered why the rampant runaway inflation the country has suffered lately, and which has been blamed by many on ‘socialism’, was not happening while socialist Chávez was alive? This from a site named War Is Boring provides at least some ideas as to why.

 

To Understand Venezuela’s Crisis, Look to the Past … and the CIA

Chavez died of cancer in 2013, and now five years later it seems that his socialist dream, like Allende’s, has failed. Under his successor Pres. Nicolas Maduro, Venezuela has descended into economic and political chaos. Hyperinflation has beset the country, with prices rising at an annualized rate of 1,000,000 percent.

Shortages of basic necessities such as toilet paper and bread have caused mass unrest, culminating in violent protests. Now there is open talk about the need to overthrow Maduro or remove him from power, perhaps through U.S. military intervention.

[..] In Venezuela the figure of Chavez precluded an overthrow of the government there. We know this for a fact because a coup against him in 2002 lasted a matter of hours before mass uprisings and a lack of support from the military forced the plotters to surrender. Chavez was a controversial figure, hated by significant elements of Venezuelan society, but beloved by a majority of the largely poor country and respected by the military.

Chavez announced the return of his cancer in the fall of 2012 and died in March 2013. The current economic crisis kicked into high gear in the late summer of 2012, with inflation — typically high, but manageable — suddenly growing at an exponential rate. The cause typically cited by Western media — a precipitous fall in oil prices — occurred a full two years after the crisis began.

 

[..] Since 2012 Venezuela has faced a twin plague of shortages and rampant inflation. Venezuelan economist Pasqualina Curcio makes the case in her 2016 book The Visible Hand of the Market: Economic Warfare in Venezuela that both phenomena cannot be explained through normal economics, but rather by political causes.

Shortages have been a feature of Venezuelan life since Chavez came to power in 1999, with their magnitude growing over time. Yet over the course of years when Venezuela saw steadily and then sharply increasing shortages both imports and domestic production were also rising. If more products are being brought into the country, and more are being produced, but consumers are experiencing shortages, it begs the question of where the stuff went.

[..] As for inflation, the factors typically involved with currency devaluation–a shortage of foreign reserves or increased liquidity–have not coincided with inflation spikes. Nor has the state hoarded foreign currency as many claim. Curcio shows that 94 percent of foreign reserves were distributed to the private sector, and these distributions have grown over time.

It appears that manipulation of currency black markets — a phenomenon that happened in Chile under Allende as well — and then adoption of this inflated exchange rate by importers to spike the costs of necessary goods, services, and industrial inputs neatly produces the sort of induced inflation plaguing Venezuela today.

Russian foreign minister Lavrov put it nice and succinctly:

The US, which is paranoid about somebody interfering in their elections, even though they have no proof of that, themselves are trying to rule the fates of other peoples. What they actually do is interfere in their internal affairs. There is no need for [US special counsel Robert] Mueller to determine that.

American regime change in other countries is something that perhaps the rest of the world is getting tired of. America instigating chaos in its own southern backyard, like it has for years in the Middle East and North Africa, is getting old in the eyes of many. And the CIA can get Trump to support their puppet, but Trump knows nothing about Venezuela, other than that there’s lots of oil there, and that makes him a CIA puppet too.

Not a good idea.

A lot of what has led up to the present coup has been the US flexing its financial muscle. But the American economy isn’t doing all that great, so it’s not just flexing that muscle, it’s also stretching it. And yeah, there’s an old set of Venezuelan domestic interests that has been faithful, just like there was one in Cuba, but that’s all in the past. That was way back when the US could get away with bullying the whole neighborhood.

And it shouldn’t want to do that anymore. Neither the bullying nor the living in the past.

Not good ideas either.