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Debt Rattle September 27 2024

Sep 272024
 
 September 27, 2024  Posted by at 8:50 am Finance Tagged with: , , , , , , , , ,  59 Responses »


Pablo Picasso The bathers 1918

 

• Ukraine ‘Is Gone’ – Trump (RT)
• Trump Agrees To Meet Zelensky (RT)
• Trump Pushes Narrative That Iran Is Trying to Kill Him (Antiwar)
• US Doesn’t Want Ukraine In NATO – Erdogan (RT)
• Biden Behind Nord Stream Sabotage – Russia’s Top MP (RT)
• NATO Outlines Plans In Event Of War With Russia (RT)
• Biden Drains Remaining Ukraine Aid Funds (RT)
• US Congress ‘Happy to Be Lied to’ in Service of American Imperialism (Sp.)
• Moderator for VP Debate Tied to Donations for ‘Lincoln Project’ (HUSA)
• Former CDC Director Robert Redfield Praises “Make America Healthy Again” (ZH)
• The Assault on America’s Defining Principles (Turley)
• What Happens if We Hold College and Nobody Comes? (Turley)
• Taxes and Tariffs and Trade: Trump’s Plan To Bolster The Economy (JTN)
• FBI Claims it Doesn’t Have DNC’s Jan. 6 Pipe Bomb Footage (HUSA)
• Appeals Court Seems Skeptical of New York Civil Fraud Suit Against Trump (ET)
• FBI Specialist Urges Americans to Prepare For Hardship (MN)
• Boeing Machinists on Strike Have a Historic Opportunity (Sawant)

 

 

 

 

Trump ad

 

 

Melania

 

 

Holistically


https://twitter.com/i/status/1839095068537532889

Bidenomics

 

 

Rogan Chamath

 

 

Eric Adams
https://twitter.com/i/status/1839436032888221900

 

 

Bug
https://twitter.com/i/status/1839019582985744422

 

 

RFK food

 

 

Loverboy

 

 

Ballots
https://twitter.com/i/status/1838887620253728832

 

 

USB stick

 

 

 

 

“Millions and millions of people, including all of these great soldiers, they’re dead. Those gorgeous buildings with golden towers are demolished and lying broken on their side. Ukraine is gone. It’s not Ukraine anymore. You can never replace those cities and towns.”

• Ukraine ‘Is Gone’ – Trump (RT)

Former US President Donald Trump has hammered Ukrainian leader Vladimir Zelensky for refusing to negotiate with Russia, arguing that the country is now “obliterated” while Kiev is reduced to sending “young children and old men” to the front lines amid its conflict with Moscow. Zelensky is currently visiting the US to attend the UN General Assembly in New York and pitch his so-called ‘victory plan’ to key figures in President Joe Biden’s administration. Republican lawmakers, however, have condemned Zelensky for publicly criticizing Trump and his running mate, J.D. Vance. He incited further ire among Republicans when he appeared at an event at a munitions plant organized by Pennsylvania Governor Joshua Shapiro, a key ally of Trump’s Democratic opponent, Vice President Kamala Harris.

At a rally in North Carolina on Thursday, Trump accused Zelensky of “making little nasty aspersions” toward him, before turning to the Ukrainian leader’s handling of the conflict with Russia. “The country is absolutely obliterated,” he declared. “Millions and millions of people, including all of these great soldiers, they’re dead. Those gorgeous buildings with golden towers are demolished and lying broken on their side. Ukraine is gone. It’s not Ukraine anymore. You can never replace those cities and towns.” “And Biden and Kamala allowed this to happen by feeding Zelensky money and munitions like no country has ever seen before,” he continued. “But now Ukraine is running out of soldiers. They’re using young children and old men because their soldiers are dying.”

While the Ukrainian military does not publish casualty figures, the Russian Defense Ministry has estimated Kiev’s losses at around half a million men. Ukraine’s manpower shortage has been well documented by Western media outlets, and the country’s top general acknowledged earlier this month that recruits are often sent to fight after as little as six weeks’ training. Trump argued that Biden and Harris could have “easily” struck a deal with Russia to prevent the conflict from ever starting. Instead, through “a lot of bad statements and stupid statements,” Biden “egged it on.” “And we continue to give billions of dollars to a man who refuses to make a deal,” Trump said, referring to Zelensky. “Any deal, even the worst deal, would have been better than what we have right now.”

Russia and Ukraine reportedly agreed to a peace deal during talks in Istanbul in 2022. The agreement would have involved Ukraine declaring military neutrality, limiting its armed forces, and vowing not to discriminate against ethnic Russians. In return, Moscow would have joined other leading powers in offering Ukraine security guarantees. However, Zelensky withdrew from the talks at the last moment. According to Ukrainian negotiator David Arakhamia, former US Under Secretary of State Victoria Nuland, and several Ukrainian media reports, the US and UK were instrumental in convincing Zelensky to abandon negotiations. Trump maintains that he would settle the conflict “in 24 hours” if elected president this November. Zelensky, however, has stated that the former president “doesn’t really know how to stop the war,” while Kremlin spokesman Dmitry Peskov has said that he doesn’t “think there is a magic wand” that can stop the fighting overnight.

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“Any deal, even the worst deal, would have been better than what we have right now.”

• Trump Agrees To Meet Zelensky (RT)

US Republican presidential candidate Donald Trump has announced he will meet with Ukraine’s Vladimir Zelensky on Friday in New York. Zelensky has met with President Joe Biden and Vice President Kamala Harris, who is the Democrats’ candidate for the presidency in the November election. He has also sought a meeting with Trump. “I will be meeting with him tomorrow morning at around 9:45 at Trump Tower,” the former and possibly future US president announced at a press conference in New York City on Thursday afternoon. Earlier in the day, Trump had posted a message from Ukraine’s deputy ambassador to the US, relaying Zelensky’s request for a meeting, to his TruthSocial platform. “Dear Donald, I hope you’re doing well. I recall our recent phone call – it was really good,” Zelensky wrote. “All of us in Ukraine want to end this war with a just peace. And we know that without America this is impossible to achieve.

That’s why we have to strive to understand each other and remain in close contact.” “You know I always speak with great respect about everything connected to you, and that’s how it should be,” the Ukrainian actor-turned-politician wrote, adding that he would “really like for our meeting to take place.” The request came after Trump criticized the “little nasty aspersions” Zelensky had made about him and his running mate, Ohio Senator JD Vance, in an interview published last Sunday. At a campaign rally in North Carolina, Trump described Ukraine as “absolutely obliterated” and accused Biden and Harris of “feeding Zelensky money and munitions like no country has ever seen before.” “We continue to give billions of dollars to a man who refuses to make a deal,” Trump said, referring to Zelensky. “Any deal, even the worst deal, would have been better than what we have right now.”

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Not a very high level of credibility. Who feeds him this? Warmongers?!

• Trump Pushes Narrative That Iran Is Trying to Kill Him (Antiwar)

On Wednesday, former President Donald Trump pushed a narrative being spread by US intelligence officials that Iran is trying to kill him even though there’s no evidence of Iranian involvement in either attempt on his life. Trump’s campaign said they were briefed on the alleged Iranian threat by officials from the Office of the Director of National Intelligence, which is led by Avril Haines. “Big threats on my life by Iran. The entire US Military is watching and waiting. Moves were already made by Iran that didn’t work out, but they will try again,” Trump wrote on X after the briefing. “Not a good situation for anyone. I am surrounded by more men, guns, and weapons than I have ever seen before.” The claim that Iran is plotting to kill Trump was first made by a CNN report back in July, following the assassination attempt by Thomas Matthew Crooks, who was shot and killed by the Secret Service.

The report acknowledged there was no evidence Crooks was linked to Iran, which was reaffirmed on Tuesday by intelligence officials speaking to The New York Times, who stressed there was no Iran connection to the July shooting. The Times report also said there was no evidence that Iran was connected in any way to Ryan Routh, who was arrested on September 15 and recently charged with attempting to assassinate Trump. Routh is a staunch supporter of the Ukraine proxy war and traveled to the country to help recruit fighters for the Ukrainian foreign legion. Despite the lack of evidence, Trump suggested at a campaign event on Wednesday that Iran might have been involved in the two assassination attempts. “As you know, there have been two assassination attempts on my life that we know of, and they may or may not involve – but possibly do – Iran,” he said at an event in North Carolina.

“If I were the president, I would inform the threatening country, in this case Iran, that if you do anything to harm this person, we are going to blow your largest cities and the country itself to smithereens,” Trump added. The claims about Iran come amid soaring tensions in the Middle East as Israel has dramatically escalated its bombing campaign in Lebanon, a situation that could potentially turn into a full-blown war between the US and Iran. But Iran’s actions over the past year have shown they’re not interested in war with the US. For example, when Iran launched a reprisal attack on Israel in response to the bombing of the Iranian consulate in Syria, Iranian officials said they warned the US 72 hours in advance. The US denied the claim, but Turkey and Jordan confirmed they were given notice, which would have gotten back to the US. Iran and the US also engaged in indirect negotiations in Oman to avoid escalation.

Iran’s new president, Masoud Peseshkian, has also taken an extremely diplomatic tone toward the US since coming into office and wants direct negotiations with Washington. “We are not hostile towards the US. They should end their hostility towards us by showing their goodwill in practice,” Pezeshkian said last week. “We are brothers with the Americans as well.” Members of Iran’s Islamic Revolutionary Guard Corps (IRGC) occasionally vow they will take revenge for Trump’s assassination of Iranian Gen. Qassem Soleimani, who headed the IRGC’s Quds Force. But in response to recent allegations, Iran has said Trump should be punished for the killing in a court of law. “These accusations are unsubstantiated and malicious,” Iran’s mission to the UN said in response to the CNN report in July. “From the perspective of the Islamic Republic of Iran, Trump is a criminal who must be prosecuted and punished in a court of law for ordering the assassination of General Soleimani. Iran has chosen the legal path to bring him to justice.”

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“..the US, first and foremost, does not want to see Ukraine as a NATO member. And many NATO countries do not want Ukraine to be a member-state.”

• US Doesn’t Want Ukraine In NATO – Erdogan (RT)

The US is the main opponent of Ukraine joining NATO, although many other countries in the bloc are also against Kiev’s potential membership, Turkish President Recep Tayyip Erdogan has said. While Ukrainian leader Vladimir Zelensky’s so-called ‘victory plan’ stresses NATO accession, Erdogan told NBC News on Wednesday that “the US, first and foremost, does not want to see Ukraine as a NATO member. And many NATO countries do not want Ukraine to be a member-state.” Zelensky is currently in the US, where is he promoting the plan and is scheduled to meet with President Joe Biden and Vice President Kamala Harris in Washington on Thursday. “These are not questions to be rushed,” he added. “And when making our minds, when we are taking our decisions, we always take into consideration the stance of other NATO member states, we discuss those possible questions around the table and make the final decision accordingly,” Erdogan stated.

When asked directly if Ankara would accept Ukraine in NATO, Erdogan replied that “we are going to follow the developments, the deliberations, and reach a final decision accordingly. These are not decisions to be rushed in an excited way.” He also spoke about Türkiye’s ties with Russia, describing them as “multidimensional, political, economic, cultural, defense industry related. There are many dimensions, dimensions there and our solidarity, our interaction, has been going on and economically every day, these relations are expanding.” A unanimous decision by all members is required to expand NATO. Finland and Sweden, who became the latest nations to join the bloc in 2023 and 2024 respectively, had to overcome strong initial opposition from Türkiye, which accused them of harboring members of the Kurdistan Workers’ Party (PKK), considered a terrorist group by Ankara.

A senior US State Department official told AP on Tuesday that the political element of Zelensky’s ‘victory plan’ focuses on how to assure the Ukrainian population that they will be welcomed into Western institutions such as the EU and NATO, assuming they continue to fight Russia or if a negotiated settlement with Moscow is achieved. NATO declared at a 2008 summit in Bucharest that Ukraine, along with another former Soviet Republic, Georgia, would join the US-led bloc at some stage. After the conflict between Russia and Ukraine broke out, NATO Secretary General Jens Stoltenberg and other officials repeatedly claimed that Kiev was on track to becoming a member, but never announced a specific timeline for accession. Moscow, which views NATO as hostile and vigorously opposes its eastward expansion, highlighted Kiev’s aspirations of joining the bloc as among the main reasons for launching its military operation against Ukraine in February 2022.

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Yet another narrative (retelling) pops up: “..a privately-funded operation masterminded by a now-disgraced Ukrainian intelligence officer..”

• Biden Behind Nord Stream Sabotage – Russia’s Top MP (RT)

US President Joe Biden “was behind” the sabotage of the Nord Stream pipelines, and German Chancellor Olaf Scholz helped him tank his country’s economy in the aftermath, Vyacheslav Volodin, the head of the Russian State Duma, has claimed. The senior legislator commented on Thursday on the second anniversary of the explosions, which disabled the undersea connectors built to deliver Russian natural gas directly to Germany, noting the failure of European investigators to name the culprit. There have been accounts in the media suggesting possible scenarios, “which were occasionally laughable,” he said. “Washington and Biden personally were behind the Nord Stream bombing. His interest was to cut Western Europe off from cheap Russian gas and force it to buy it from America at a price three times higher,” he said.

The German economy took a hit and is now in recession due to a loss of competitiveness, Volodin added, “which means that the people of Germany were punished instead of Washington, as Biden and Scholz took money out of their pockets.” “You cannot pin this one on some ‘pro-Ukrainian group’ and civilian divers,” Volodin stressed. On Tuesday, the German news outlet Der Spiegel published its latest retelling of the events of September 2022. It mostly repeats the story that a privately-funded operation masterminded by a now-disgraced Ukrainian intelligence officer conducted the sabotage with the blessing of former General Valery Zaluzhny. The Western press has been repeating similar versions of this story for months. Spiegel claimed to have identified the divers, saying that most were civilians, but the group was led by a commando.

The operation was first contemplated years before the outbreak of hostilities between Russia and Ukraine in February 2022, it stated. Pulitzer Prize-winning US investigative journalist Seymour Hersh alleged that Biden had ordered the sabotage of Nord Stream in a February 2023 article. He said US military divers had secretly planted explosives to destroy the pipelines at a significant depth, using a NATO exercise in the Baltic Sea as a cover. The White House has denied the accusations, but Russian officials have called the story plausible. Prior to the destruction of Nord Stream 1 and 2, senior US officials, including Biden, had issued threats to destroy the Russian-German pipelines.

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They’re trying to sell a story: “..a large number of frontline casualties without the capability to airlift them for treatment..”

• NATO Outlines Plans In Event Of War With Russia (RT)

NATO would have to deal with a large number of frontline casualties without the capability to airlift them for treatment in the event of a major war with Russia, its logistics chief has said. Lieutenant-General Alexander Sollfrank, the head of NATO’s Joint Support and Enabling Command (JSEC), outlined the difficulties that troops would face in an interview with Reuters on Wednesday. “The challenge will be to swiftly ensure high-quality care for, in the worst case, a great number of wounded,” Sollfrank said. The environment of a hypothetical conflict with Russia would be completely different from what the US and its allies faced in Afghanistan and Iraq, he added. Unlike insurgents in the Middle East, Russia has the military capability to threaten NATO aircraft, Sollfrank noted, predicting that medical evacuations would have to be conducted on the ground.

“For planning reasons, all options to take a great number of wounded to medical installations need to be considered, which includes trains but potentially also buses,” the NATO official said. Ukraine is currently using hospital trains to evacuate injured troops from the front line, as reported by CNN earlier this month. The NATO logistics command, which is based in the southern German town of Ulm, recently staged an exercise based on coordinating medical evacuations, Reuters said. JSEC contingency plans would require a legal foundation for issues such as the expedited transportation of narcotics across national borders, Sollfrank said. He also called for a ‘military medical Schengen’ – similarly to how the bloc needs a ‘military Schengen’ to rapidly deploy troops and weapons to the eastern flank, according to the official.

The US and its allies have claimed that Russia may be planning to attack NATO, and that the West can delay or prevent that outcome by arming Ukraine. The bloc has been expanding in Europe for decades, in violation of assurances given before Moscow agreed to German reunification in 1990. The Russian government has cited NATO’s approach to its borders and the bloc’s intention to add Kiev to its ranks as key causes of the Ukraine conflict. Officials in Moscow have denied having any aggressive intentions toward NATO, which they consider a hostile force that must be deterred.

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“The mechanisms allow payments to arms manufacturers and permit weapons to be drawn directly from American military stockpiles..”

• Biden Drains Remaining Ukraine Aid Funds (RT)

US President Joe Biden announced nearly $8 billion in military aid to Ukraine on Thursday, releasing the remaining funding authorized by Congress. Lawmakers recently declined to extend the availability of certain funds beyond next week’s deadline. The funding includes $2.4 billion under the Pentagon’s Ukraine Security Assistance Initiative and $5.5 billion under the Presidential Drawdown Authority (PDA). The mechanisms allow payments to arms manufacturers and permit weapons to be drawn directly from American military stockpiles. The latter sum was set to expire at the end of this month, which marks the end of the fiscal year in the US. The White House had hoped that the US Congress would allow the PDA money to be spent at a later point. However, legislation passed on Wednesday did not include any such clause, reportedly following resistance from Republicans skeptical of the continued bankrolling of Kiev.

Biden announced the decision on military aid during a meeting with Ukrainian leader Vladimir Zelensky, who is in the US to promote his ‘victory plan’ in the conflict with Russia. Zelensky has said he wanted the US president to be the first to see the proposal as it heavily relies on American aid. According to the Wall Street Journal, US officials have previewed the plan but found it “unimpressive.” The US president said Kiev will receive an additional Patriot surface-to-air system, more munitions and drones, as well as a new capability, the AGM-154 Joint Standoff Weapon (JSOW). The glide bomb has a range of up to 130km when dropped from a high-flying aircraft. Some supporters of Kiev’s cause have criticized the 11th-hour drawdown of funds by Biden. Senator Roger Wicker, a Republican from Missouri, claimed it was “typical of this administration to wait until the last possible moment to announce full use of the PDA.”

Zelensky’s visit also triggered complaints from members of the GOP, after he criticized the Republican presidential ticket and visited an ammunition factory in the battleground state of Pennsylvania, without a single Republican official present. Senior party members have accused the Ukrainian leader of campaigning for the Democrats. They also alleged that the Biden administration facilitated potential meddling in the 2024 presidential election by organizing Zelensky’s Pennsylvania visit and spending taxpayer money on it.

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“..most of Congress was very happy to be lied to and would have denounced Blinken for the truth.”

• US Congress ‘Happy to Be Lied to’ in Service of American Imperialism (Sp.)

Secretary of State Antony Blinken is facing calls to resign after a damning report suggested he willfully misled Congress to keep US military aid flowing to Israel. Analysis by the investigative reporting nonprofit ProPublica revealed that Blinken defied the findings of multiple government bodies that concluded Israel was deliberately blocking humanitarian aid to the Gaza Strip. Blinken ignored the advice of multiple officials with the State Department and US Agency for International Development (USAID), testifying before lawmakers that Tel Aviv was not interfering with the flow of aid. US law forbids the provision of military equipment to any country obstructing American humanitarian assistance. Journalists Dan Lazare and Robert Fantina joined Sputnik’s The Critical Hour program Wednesday to discuss the scandal, which has led the director of the Council on American-Islamic Relations to call on Blinken to resign.

“This is business as usual,” said Fantina. “The United States doesn’t respect international law and doesn’t respect its own laws if those laws somehow get in the way of its quest for power and profits. So the fact that Blinken lied to Congress, blatantly lied – and this wasn’t something that was inconsequential, this caused the starvation, the continued starvation and the slaughter of innocent people.” “We’ve said before that the United States is enabling this genocide by continuing to arm Israel and by increasing its arms shipments to Israel,” he continued. “So the fact that Blinken is lying should really surprise no one. Other international organizations that aren’t affiliated with any nation have said repeatedly for months that Israel is blocking humanitarian aid. And yet the United States denies this, or at least Blinken did.”

The human rights organization Amnesty International affirmed Israel was stemming the flow of humanitarian assistance earlier this year, characterizing Tel Aviv’s actions as a “tightening” of its “16-year-long suffocating blockade” of Gaza. Israel has tightly controlled the amount of food and other basic necessities allowed to enter the Palestinian territory since June 2007, when it decided to dismantle its settlements in the Gaza Strip. However, Israel has exerted control over the strip of land, which is considered sovereign Palestinian territory under international law, since 1967, when it seized land intended to form the basis of a Palestinian state in the region. The US has served as the country’s strongest backer in the decades since, with Israel becoming the United States’ largest cumulative recipient of foreign aid. Observers claim the US backs the country as a crucial beachhead in a geopolitically vital region where Israel serves as a proxy for US interests against Iran and other adversaries.

“Israel is engaged in a brutal war, which is now spreading dramatically and it will continue doing so,” said Lazare, claiming Israel is inarguably using the flow of humanitarian aid as an instrument of war. “It’s all irrelevant. I mean, war is the cessation of law, and, therefore, calling on warmakers to obey the law strikes me as kind of contradictory.” “If you’re acting on behalf of the [US] government or any kind of imperialism, you are free to lie to Congress at will, the laws against lying to Congress only apply to those which the empire sees as a threat,” posited host Garland Nixon. “Congress does not mind being lied to if it thinks it benefits the empire,” Lazare agreed. “In general there are lies Congress likes and lies Congress doesn’t like. And, therefore, it’s Congress’ power of decision, power to decide which lies are okay and which lies are not. And generally the okay ones are those that further America’s imperial ambitions.” Sam Perlo-Freeman, a researcher with the group Campaign Against Arms Trade, agreed, claiming simply, “most of Congress was very happy to be lied to and would have denounced Blinken for the truth.”

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“..it quickly became clear that some of its members were growing increasingly unhinged with Trump Derangement Syndrome.”

• Moderator for VP Debate Tied to Donations for ‘Lincoln Project’ (HUSA)

The husband of one of the two moderators in next week’s CBS News debate featuring vice presidential candidates J.D. Vance and Tim Walz appears to have made two donations of $250 apiece to the controversial Lincoln Project during the 2020 election. Records from the Federal Election Commission show that Ali “Yado” Yakub, the husband of Face the Nation host Margaret Brennan, contributed on July 2 and Sept. 26 of that year to the anti-Trump super-PAC. Voting records confirmed that the address listed was the residence of Yakub, who was registered as a Republican, and Brennan, who was registered as an independent.Many have observed that registration offers no indication about political preference, with Democrats during the recent primary—in which President Joe Biden ran largely uncontested—frequently changing their party identification to vote against Trump.

Yakub also made contributions to ActBlue in 2019, including two that were earmarked for the primary campaign of future Transportation Secretary Pete Buttigieg. Headline USA reached out to both Brennan and Yakub by phone and email but received no response. The Lincoln Project—founded by high-profile NeverTrump ex-Republicans Rick Wilson, George T. Conway III, Steve Schmidt, Reed Galen, John Weaver and Jennifer Horn—initially appeared to be a sort of principled response by members of the GOP establishment to Trump’s takeover of the party. However, it quickly became clear that some of its members were growing increasingly unhinged with Trump Derangement Syndrome.

The group lost all credibility when, in January 2021, allegations emerged that co-founder John Weaver had engaged in sexual impropriety with young, male staffers and had allegedly solicited boys as young as 14. The bombshell led to an exodus of the group’s more influential figures, such as former John McCain campaign chief Steve Schmidt, who had become a registered Democrat the month prior. Only two of its charter members—Rick Wilson and Reed Galen—are currently associated with the group, which has grown more radical and outlandish, notoriously engaging in a stunt in which it staged a fake neo-Nazi rally and attempted to blame Trump supporters.

It also has run ads pushing blatant disinformation, such as attempting to suggest that Trump would monitor and arrest people for attempting to obtain an abortion. Trump has repeatedly emphasized that the issue is now at the state level and will remain so if he is re-elected, while noting that he personally favors exceptions for abortions in a set of specific, narrowly tailored circumstances. Moreover, the Lincoln Project has sought to falsely tie Trump to the Heritage Foundation’s Project 2025, which he has repeatedly disavowed and denied any association with. The project launched in April 2023, well before Trump was the presumptive nominee, and was designed as a series of policy proposals for use by whichever candidate prevailed.

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“Maybe it was a warning sign when big pharma and the feds pushed Ozempic as the ‘wonder shot’ to end the obesity crisis..”

• Former CDC Director Robert Redfield Praises “Make America Healthy Again” (ZH)

Former CDC Director Robert Redfield, who served during the Trump administration, wrote an editorial in Newsweek praising President Trump’s decision to join forces with Robert Kennedy Jr. to “make America healthy again.” “We know chronic disease is more than 75 percent of the country’s $4 trillion annual health care expenditure. Unfortunately, we have become a sick nation. We’re paying too much for chronic disease, and this must change. It’s time to make America healthy again,” Redfield wrote in the op-ed published on Tuesday. After more than four decades in public health, Redfield believes the former president “chose the right man [RFK Jr.] for the job” to combat the processed foods industrial complex, which has ignited an obesity crisis across the Heartland.

“For instance, obesity in American children has increased dramatically since John F. Kennedy’s presidency, from around 4 percent in the 1960s to almost 20 percent in 2024,” he said, adding, “The causes of childhood obesity are complex, but a primary origin is clearly the modern American diet of highly processed foods.” He explained the causes for this obesity crisis are primarily due to “special interest and corporate influences on our federal agencies.” Redfield pointed out that “Kennedy is right” about the corporate capture problem of federal agencies.

Kennedy is right: All three of the principal health agencies suffer from agency capture. A large portion of the FDA’s budget is provided by pharmaceutical companies. NIH is cozy with biomedical and pharmaceutical companies and its scientists are allowed to collect royalties on drugs NIH licenses to pharma. And as the former director of the Centers for Disease Control and Prevention (CDC), I know the agency can be influenced by special interest groups. Redfield acknowledges that agency capture is a serious issue, highlighting that federal agencies responsible for regulating food and medicine are possibly compromised by the food industrial complex and big pharma. Maybe it was a warning sign when big pharma and the feds pushed Ozempic as the ‘wonder shot’ to end the obesity crisis instead of promoting exercise and safe, clean food.

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Enemies of the Constitution. They will end the country.

“..an explosion of books and articles laying out a new vision of “democracy” unconstrained by constitutional limits on majority power..”

• The Assault on America’s Defining Principles (Turley)

Kamala Harris declared in Tuesday’s debate that a vote for her is a vote “to end the approach that is about attacking the foundations of our democracy ’cause you don’t like the outcome.” She was alluding to the 2021 Capitol riot, but she and her party are also attacking the foundations of our democracy: the Supreme Court and the freedom of speech. Several candidates for the 2020 presidential nomination, including Ms. Harris, said they were open to the idea of packing the court by expanding the number of seats. Mr. Biden opposed the idea, but a week after he exited the 2024 presidential race, he announced a “bold plan” to “reform” the high court. It would pack the court via term limits and also impose a “binding code of conduct,” aimed at conservative justices. Ms. Harris quickly endorsed the proposal in a statement, citing a “clear crisis of confidence” in the court owing to “decision after decision overturning long-standing precedent.”

She might as well have added “because you don’t like the outcome.” Sen. Sheldon Whitehouse (D., R.I.) has already introduced ethics and term-limits legislation and said Ms. Harris’s campaign has told him “that your bills are precisely aligned with what we are talking about.” The attacks on the court are part of a growing counterconstitutional movement that began in higher education and seems recently to have reached a critical mass in the media and politics. The past few months have seen an explosion of books and articles laying out a new vision of “democracy” unconstrained by constitutional limits on majority power. Erwin Chemerinsky, dean of the UC Berkeley law school, is author of “No Democracy Lasts Forever: How the Constitution Threatens the United States,” published last month. In a 2021 Los Angeles Times op-ed, he described conservative justices as “partisan hacks.”

In the New York Times, book critic Jennifer Szalai scoffs at what she calls “Constitution worship.” She writes: “Americans have long assumed that the Constitution could save us; a growing chorus now wonders whether we need to be saved from it.” She frets that by limiting the power of the majority, the Constitution “can end up fostering the widespread cynicism that helps authoritarianism grow.” In a 2022 New York Times op-ed, “The Constitution Is Broken and Should Not Be Reclaimed,” law professors Ryan D. Doerfler of Harvard and Samuel Moyn of Yale called for liberals to “reclaim America from constitutionalism.” Others have railed against individual rights. In my new book on free speech, I discuss this movement against what many professors deride as “rights talk.” Barbara McQuade of the University of Michigan Law School has called free speech America’s “Achilles’ heel.”

In another Times op-ed, “The First Amendment Is Out of Control,” Columbia law professor Tim Wu, a former Biden White House aide, asserts that free speech “now mostly protects corporate interests” and threatens “essential jobs of the state, such as protecting national security and the safety and privacy of its citizens.” George Washington University Law’s Mary Ann Franks complains that the First Amendment (and also the Second) is too “aggressively individualistic” and endangers “domestic tranquility” and “general welfare.” Mainstream Democrats are listening to radical voices. “How much does the current structure benefit us?” Rep. Alexandria Ocasio-Cortez (D., N.Y.) said in 2021, explaining her support for a court-packing bill.

“I don’t think it does.” Kelley Robinson, president of the Human Rights Campaign, said at the Democratic National Committee’s “LGBTQ+ Kickoff” that “we’ve got to reimagine” democracy “in a way that is more revolutionary than . . . that little piece of paper.” Both AOC and Ms. Robinson later spoke to the convention itself. The Nation’s Elie Mystal calls the Constitution “trash” and urges the abolition of the U.S. Senate. Rosa Brooks of Georgetown Law School complains that Americans are “slaves” to the Constitution.

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“..many departments have purged their ranks of Republicans, conservatives, and libertarians.”

• What Happens if We Hold College and Nobody Comes? (Turley)

In the 1930s, Bertolt Brecht asked “What if they gave a war and nobody came?” As someone who has been a teacher for over 30 years, I find myself increasingly asking the same question as trust and enrollments fall in higher education. Trust in higher education is plummeting to record lows. According to recent polling, there has been a record drop in trust in higher education since just 2015. Not surprisingly, given the growing viewpoint intolerance on our campuses, the largest drops are among Republicans and Independents. There has been a precipitous decline in enrollments across the country as universities worry about covering their costs without raising already high tuition rates. From 2010 to 2021, enrollments fell from roughly 18.1 million students to about 15.4 million. There are various contributors to the drop from falling birthrates to poor economic times.

However, there is also an increasing view of higher education as an academic echo chamber for far left agendas. For many, there is little appeal in going to campuses where you are expected to self-censor and professors reject your values as part of their lesson plans. That fear is magnified by surveys showing that many departments have purged their ranks of Republicans, conservatives, and libertarians. In my new book “The Indispensable Right: Free Speech in an Age of Rage,” I discuss the intolerance in higher education and surveys showing that many departments no longer have a single Republican as faculties replicate their own views and values. One survey (based on self-reporting) found that only nine percent of law professors identified as conservative. Some anti-free speech advocates are actually citing higher education as a model for social media in showing how “unlikeable voices” have been eliminated.

Many of those “unlikeable” people are now going elsewhere as schools focus on degrees in activism and denouncing math, statistics, the classics, and even meritocracy as examples of white privilege. Schools offering classic education are experiencing rising enrollments, but the growing crisis has not changed the bias in hiring and teaching. Despite repeated losses in courts, universities and colleges continue to deny free speech and diversity of thought. The fact is that this academic echo chamber may be killing educational institutions, but the intolerance still works to the advantage of faculty who can control publications, speaking opportunities, and advancement with like-minded ideologues. We have seen the same perverse incentive in the media where media outlets are seeing plummeting readers and revenue.

Journalism schools and editors now maintain that reporters should reject objectivity and neutrality as touchstones of journalism. It does not matter that this advocacy journalism is killing the profession. Reporters and editors continue to saw at the limb upon which they sit due to the same advantage for academics. For reporters, converting newsrooms into echo chambers gives them more security, advancement, and opportunities. Recently, the new Washington Post publisher and CEO William Lewis was brought into the paper to right the ship. He told the staff “let’s not sugarcoat it…We are losing large amounts of money. Your audience has halved in recent years. People are not reading your stuff. Right. I can’t sugarcoat it anymore.” The response from reporters was to call for owner Jeff Bezos to fire Lewis and others seeking to change the culture.

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“I will give you the lowest taxes, the lowest energy costs, the lowest regulatory burden and free access to the best and biggest market on the planet, but only if you make your product here in America.”

• Taxes and Tariffs and Trade: Trump’s Plan To Bolster The Economy (JTN)

In a bid to build a broader coalition, former President Donald Trump has outlined a vision of tax cuts, import tariffs, and “reciprocal trade” to preserve and restore American industries. Since coming down the escalator of Trump Tower in 2015, the Republican standard bearer has espoused unconventional trade policies and dragged much of the GOP kicking and screaming toward protectionism. His tenure saw the U.S. renegotiate trade agreements with its neighbors, resulting in the United States, Mexico, Canada Agreement (USMCA), while also waging a trade war with China seeking to curb some of Beijing’s abuses. His signature tax plan, the 2017 Tax Cuts and Jobs Act, saw the doubling of the standard deduction and the reduction of the corporate tax rate to 21%. As he has sought to contrast himself with Harris, Trump has highlighted both elements of his economic plan and doubled down on the tax cuts and tariffs approach.

“So, as your president, here is the deal that I will be offering to every major company and manufacturer on Earth,” he said at a Tuesday event in Savannah, Ga. “I will give you the lowest taxes, the lowest energy costs, the lowest regulatory burden and free access to the best and biggest market on the planet, but only if you make your product here in America.” “It all goes away if you don’t make your product here and hire American workers for the job,” he warned. His message, so far, appears to have resonated with working class voters, notably the traditionally Democratic-leaning union workers. After internal polling showed that its members decidedly favored Trump over Vice President Kamala Harris, the International Brotherhood of Teamsters declined to endorse a candidate, marking the first time in decades that the union had not backed a Democrat for president.

In recent weeks, Trump has unveiled a litany of tax relief proposals, most of which involve either simplifying the system or eliminating taxation on certain sources of income entirely. Speaking at a New York rally last week, Trump vowed to restore state-and-local-tax (SALT) deductions for federal tax returns in an about-face after signing the TCJA, which imposed a $10,000 cap on SALT deductions. “I will cut taxes for families, small businesses and workers, including restoring the SALT deduction, saving thousands of dollars for residents of New York, Pennsylvania, New Jersey, and other high cost states,” he said. Earlier this month, he pledged to eliminate all taxes on overtime work as well, saying “[t]he people who work overtime are among the hardest working citizens in our country … It’s time for the working man and woman to finally catch a break.”

Trump has also promised to end taxation on Social Security benefits, a proposal that has drawn broad support from the public across most age brackets, according to recent polling. Among the most notable of his campaign pitches, however, has been a pledge to eliminate taxes on tips, which he announced at a June rally in Nevada in a bid to win over service workers in the critical battleground. Separate from pledging further tax cuts, he has also made the TCJA a central fixture of his campaign. Many of the act’s cuts are set to expire next year and he has begun to focus on the adverse impacts for taxpayers of permitting those cuts to sunset.

Using information from the Tax Foundation, the Trump campaign this month launched a website, dubbed kamalataxincrease.com, breaking down the average cost to tax-paying families by state. The site estimates that a Harris-proposed tax plan would cost families an average of $2,580.57 in additional taxes per year. The TCJA lowered the corporate tax rate to 21%, but Trump vowed to go further in his Tuesday speech, promising a “manufacturing Renaissance” through a “15% Made in America tax rate.” “We’re cutting the business tax from 21% to 15% which makes us the most competitive tax anywhere on the planet, but only for those who make their product in the USA. See, that’s an incentive,” he said. “[P]eople are going to be pouring in. Companies are going to be pouring in.”

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They’re trying to run out the clock. “Massie then called for answers on the matter before Election Day.”

• FBI Claims it Doesn’t Have DNC’s Jan. 6 Pipe Bomb Footage (HUSA)

The FBI has claimed that it doesn’t have the Democratic National Committee headquarters’ security footage from the Jan. 6, 2021, Capitol Hill uprising—footage that would presumably show the discovery of a pipe bomb that was allegedly planted outside the DNC the night before. The FBI’s admission was revealed in a Friday letter from Homeland Security Inspector General Joseph Cuffari to Rep. Thomas Massie, R-Ky. In that letter, Cuffari said he asked the FBI to review the DNC security videos from Jan. 6—but was told that the bureau doesn’t have that footage. “On March 18, 2022, the FBI informed DHS OIG that it did not have any video footage from January 6, 2021,” Cuffari told Massie.

https://twitter.com/i/status/1838980352901079550

The letter to Massie was revealed Tuesday, the same day Revolver News published a report suggesting that the DNC pipe bomb footage was tampered with. Revolver reported that an unnamed DHS-OIG official viewed the DNC footage, and said that the footage clearly shows the pipe bomber planting a device on the evening of Jan. 5—something that the footage released by the FBI to the public doesn’t show. Revolver also reported that the DHS-OIG official had to go to the DNC to view the footage—raising questions about why the FBI doesn’t have video of one of the most significant crimes from the whole Jan. 6 fiasco. “We can only conclude that either the FBI is lying and did have footage, or they’re telling the truth and for some reason deleted the footage,” Revolver wrote on Tuesday. Meanwhile, Vice President Kamala Harris continues to be tight-lipped on the subject, despite the fact that her motorcade drove past the DNC pipe bomb on Jan. 6.

Harris left the Capitol at 11:21 a.m. arrived to the DNC at 11:25 a.m., but the nearby pipe bomb wasn’t discovered until 1:07 p.m. by a plainclothes Capitol Police officer. Some J6 researchers argue that Harris’s silence on the issue suggests that the U.S. government is engaging in a coverup with the pipe bomb case—perhaps because a government asset planted the bombs, or for some other unknown reason. On Tuesday, Massie raised that possibility again. “It’s almost as if they don’t want to know. Can you rule out that there were any confidential human sources involved in the whole pipe bomb thing?” Massie asked DOJ Inspector General Michael Horowitz. Horowitz said he didn’t “recall” whether any government assets were involved, but he’d have to go back and refresh his memory. Massie then called for answers on the matter before Election Day.

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“Mar-a-Lago is worth $18-26 million”. That alone closes the case.

• Appeals Court Seems Skeptical of New York Civil Fraud Suit Against Trump (ET)

Appeals judges in New York fielded multiple questions to the New York Attorney General’s Office on Sept. 26 indicating that they were skeptical of its application of an anti-fraud law to former President Donald Trump’s business practices. The questions came during oral arguments over Trump’s claims that the state Supreme Court erred in handling the civil fraud case, which resulted in a $489 million penalty for the former president. Trump’s attorney in the case, D. John Sauer, told a five-judge panel in the court’s appellate division that the judge and prosecutors flouted time limits on the claims involved. He noted that Attorney General Letitia James’s office pressed an overly broad interpretation of legally punishable fraud and that, regardless, the former president hadn’t committed fraud in his dealings with banks and others. Some of the judges questioned whether the state was acting within the bounds of its authority or had a legitimate interest in bringing the suit.

Justice David Friedman pressed New York Deputy Solicitor General Judith Vale on whether there was any precedent for the attorney general suing over transactions involving sophisticated parties where neither “lost any money. “Every case that you cite involves damage to consumers, damage to the marketplace. … We don’t have anything like that here,” Friedman said. Vale argued that “there was absolutely a public impact and a public interest here.” “There are at least four different public harms from the kind of misconduct here,” she said. Vale also said that “when risk is injected into the market, that does hurt the counterparties and it does hurt the market as a whole.” Justice Peter Moulton asked, “How do we draw a line, or at least [put up] some guardrails to know when the AG is operating well within her broad, admittedly broad sphere of 63(12)?”

Moulton was referring to New York Executive Law 63(12), which is the statute James used in suing Trump. The statute allows the attorney general to apply for court intervention when “any person shall engage in repeated fraudulent or illegal acts or otherwise demonstrate persistent fraud or illegality in the carrying on, conducting or transaction of business.” Part of Sauer’s argument was that the attorney general’s conception of fraud was too loose and noted that no one was victimized by Trump’s conduct. At one point, he told the court that under existing precedent, “there has to be a capacity or tendency to deceive, or atmosphere conducive to fraud.” “And what we’ve pointed out is that you have a situation where there were no victims, no complaints,” he said, also saying that Trump’s business partners did their due diligence.

Presiding Justice Dianne Renwick was skeptical that the statute required some kind of harm in order to prove fraudulent activity. She read the relevant portion of the statute and told Vale: “I don’t read harm or threat of harm in that, but the other side is saying that that is to be read into this statute. “Are there any cases where the language harm or threat to harm limits the scope of the attorney general?” Vale said that there weren’t “as to liability and not in cases like this where what the attorney general is seeking injunctive relief and disgorgement.”

Trump is currently facing a disgorgement of $489 million with interest accruing by the day. During oral arguments, Vale encountered multiple questions about the appropriateness of the disgorgement. Moulton told Vale that the disgorgement amount was “troubling.” “How do you tether the amount that was assessed by [the] Supreme Court to the harm that was caused here, where the parties left these transactions happy about how things went down?” he asked. Vale responded that “disgorgement looks at taking the gain away from the wrongdoer.” Although the amount was high, she said that “there was a lot of fraud … and illegality.”

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Posted the video yesterday. Here’s some backgroud added in.

• FBI Specialist Urges Americans to Prepare For Hardship (MN)

A former FBI specialist who was persecuted for questioning January 6 said during a hearing with lawmakers on Capitol Hill that Americans should stock up on food and prepare for hardship. Marcus Allen, a former FBI staff operations specialist, told the Judiciary Subcommittee on Weaponization of the Federal Government that he was deliberately targeted by higher ups for asking why there were so many federal informants in the crowd at the Jan. 6, 2021, Capitol riot. “The FBI questioned my allegiance to the United States, suspended my security clearance, suspended my pay and refused to allow me to obtain outside employment or even accept charity,” Allen testified The feds came down hard on Allen after he sent an email on September 21st, 2021 which his supervisors claimed contained hyperlinks to “extremist propaganda” from “questionable sources”.

Department of Justice Inspector General Michael Horowitz, who testified alongside Allen, is investigating the FBI’s security clearance and adjudication process, including the targeting of “political conservatives who were seen as loyal to Trump or resistant to COVID-19 vaccine mandates.” “There are no words strong enough to describe the impact the FBI’s lies about me have had on me and my family,” said Allen during an emotional statement. “The stress has taken a toll on our health and our children have suffered, traumatized by the thought of our door getting kicked in or Dad not coming home.” Allen added even more ominously: “This is a warning, to the American people I say.. I personally have no confidence the FBI will reign in its own conduct.” However, it was Allen’s final comments that raised many eyebrows.

The former FBI staffer urged Americans to use their right to vote despite any doubts they may have about election integrity. “My other recommendations are in the natural order,” Allen continued, “Arm yourself and know how to defend yourself, make three to four friends in your neighborhood and promise to come to each other’s mutual aid in times of hardship.” “And during the great depression, people stocked up their pantry, so I think that’s a good practice especially in our economic times, and make sure you have three to four months of food,” he added. Allen also urged Americans to pray and read the bible regularly.

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Boeing can’t afford any of this.

• Boeing Machinists on Strike Have a Historic Opportunity (Sawant)

In a potentially game-changing move, 33,000 Boeing machinists in the Pacific Northwest, unionized with IAM District 751, are on strike after rejecting the company’s initial insulting contract offer. A stunning 96 percent of the rank and file voted to go on strike, marking a sea change for the fight of working people at Boeing. For decades, Boeing’s executives and wealthy shareholders have, with the active help from Democrats and Republicans in Washington state and Washington D.C., enforced a decades-long brutal regime that has thrown both workers and safety standards under the bus in favor of short-term profit maximization for themselves. The strike offers an opening for the company’s workers to win historic gains and begin rebuilding a fighting union with a militant, active rank-and-file membership.

Like workers everywhere, Boeing machinists are fighting for decent wages and benefits in the face of the sky-high cost of living. The workers are demanding a 40 percent wage increase, which is the bare minimum they need given the ground they have lost in past sell-out contracts from the bosses, combined with historic inflation levels and high living costs in the region. They are angry at Boeing’s shell games, including the attempt to take away their annual employee bonuses (called “AMPP”), which they were promised in return for being forced to accept higher healthcare costs in a past contract. They are also demanding an end to the intolerable regime of mandatory overtime, which is running rampant at Boeing, denying workers the right to a life outside of work. The machinists are also fighting for a restoration of defined benefit pension, and full and retroactive reinstatement of pension for all workers.

The initial contract offer from the Boeing bosses came nowhere close to meeting these demands. What Boeing touted as a 25 percent raise over four years in the contract offer is, in reality, much less. When coupled with the cost of living and the removal of the annual AMPP bonus, the proposed raises don’t even make up for recent and future inflation, much less the severe blows from past contracts. The offer also fails to restore workers’ pensions.Since the strike began, Boeing has been forced to release a second contract offer, which includes a 30 percent pay increase over the next 4 years, up from 25 percent in the last offer. The strike has also forced Boeing to back down from their attempt to take away workers’ annual bonuses. But this new offer is still far less than what workers have been demanding and what they need, and workers immediately responded both on the picket line and in social media with their strong opposition to this totally inadequate offer, saying they must continue the strike.

The union leadership has now come out with a statement that says as much also, and which condemns the disgraceful way in which Boeing has attempted to undemocratically circumvent the union with this offer. Because of this, they are rejecting this new offer outright.In the Seattle area, a job at Boeing used to be highly sought after — it was a path to decent wages and benefits and relative stability. A common phrase among workers was “If it ain’t Boeing, I ain’t going.” With the attacks over the last 15 years, many new Boeing workers are instead being paid less than the Seattle minimum wage, and the company has had higher and higher turnover. These attacks on the workforce have gone hand-in-hand with the corporation’s major struggles in recent years with safety and quality control.

The strike comes in the wake of the machinists being sold out in a spectacularly shameful deal made over a decade ago in November 2013 by Boeing executives and shareholders with the Democratic Party-dominated Washington State Legislature, and Democratic Governor, Jay Inslee. The defined benefit pension plan, won by the unionized machinists in previous decades, was eliminated in one fell swoop. A defined benefit plan, which is currently accessible only to a small proportion of the workforce in the private sector and which was won through labor struggle, is a plan that guarantees retired workers a decent income for life. This was replaced by Boeing with a far weaker 401(K) retirement system that leaves workers at the mercy of the ups and downs of the stock market. This dramatically undermines annual retirement income, as well as shifting the risk away from the executives and major shareholders of big corporations like Boeing onto the backs of working people.

The Democratic Party justified this historic attack on both the Boeing machinists and working people statewide by claiming that it was necessary to save jobs. Boeing executives had carried out public extortion, threatening to take away the final assembly of the 777X aircraft out of Washington state, which would eliminate an estimated 10,000 union jobs. State and local Democrats from across the region insisted that the machinists accept the contract, and scandalously told them that if they didn’t, they would be responsible for not only the loss of their own jobs, but also the broader economic repercussions if Boeing were to move future production out of state.

Read more …

 

 

 

 

Shots

 

 

Hurricane


https://twitter.com/i/status/1839079306586386738

 

 

Not impresssed
https://twitter.com/i/status/1839397581476257900

 

 

Jaguar

 

 

 

 

 

 

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

 

 

 

 

 

Debt Rattle February 13 2021

Feb 132021
 
 February 13, 2021  Posted by at 10:24 am Finance Tagged with: , , , , , , , , ,  22 Responses »


James Karales Selma to Montgomery March Alabama 1965

 

• Sputnik V Developers Work On Vaccine For Several COVID19 Strains At Once (RT)
• South Africans Being Infected With COVID19 Variant Again After Recovering (RT)
• The Bombhole Era (Matt Taibbi)
• Cuomo And The Lincoln Project Are Media-Created Monsters (DP)
• NY Dems Want To Strip Cuomo Of Coronavirus Emergency Powers (JTN)
• Inside the Lincoln Project’s ‘Toxic’ Workplace (19th)
• Lincoln Project Accused by its Own Co-Founder of Likely Criminality (Greenwald)
• Lincoln Project Faces Questions Over The Spending And Compensation (Turley)
• Trump Lawyers Argue His Jan. 6 Rhetoric Is ‘Protected’ Free Speech (JTN)
• MSM’s Narrative About The Murderous Capitol Mob Has Collapsed (Cox)
• Hillary Clinton Could Be Charged Under Precedent Set In Trump Trial (RT)
• Great Reset? Putin Says, “Not So Fast” (Luongo)
• The Trials of Wokery (Kunstler)

 

 

When you open Pandora’s box, things tend to come out.

@AceSix4
https://twitter.com/i/status/1360063639894507520

 

 

One of the stranger arguments. But sure, let’s inject some controversy.

 

 

 

 

Russia to the rescue.

• Sputnik V Developers Work On Vaccine For Several COVID19 Strains At Once (RT)

The Gamaleya Institute behind Russia’s Sputnik V vaccine said it’s working on a technology that will lead to an effective jab against several coronavirus variants and which could also be swiftly updated to tackle new mutations.
The multiplying variants of Covid-19, which could turn out to be resistant to current vaccines and prolong the pandemic even further, have recently become a source of major concern for governments and medics around the globe. But the solution to the problem may be just around the corner, as the Gamaleya Institute’s director, Alexander Gintsburg, revealed that the Moscow-based research body “has developed a technology that allows to quickly and efficiently create vaccine agents that will include antigens not from one, but two, three, four or five different coronavirus variants.”


Such a vaccine should be able to provide immunity from all coronavirus strains that could threaten a population at any given time, Gintsburg said, in an interview with the Rossiya 24 channel. So far, all of the known mutations appear to be covered by the vaccines, but that may well change as RNA viruses like Covid-19 are the most rapidly changing objects in the world, he pointed out. The Russian multi-variant vaccine is currently in its research phase, with clinical trials scheduled to begin by the end of the year. The finished drug will likely be made available to customers in 2022, Gintsburg estimated. Numerous strains of coronavirus have been already discovered by scientists, but three of them are causing the most worries at the moment. The so-called UK, South Africa and Brazil variants have shown multiple changes in their spike protein, through which the virus attaches itself to human cells.

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“substantial or complete escape” from the human body’s neutralizing antibodies that target Covid-19..”

• South Africans Being Infected With COVID19 Variant Again After Recovering (RT)

Some people in South Africa have been re-infected with variants of Covid-19 after they had already recovered from the virus, the World Health Organization’s (WHO) chief scientist, Soumya Swaminathan, said on Friday.
“We are now getting reports of people getting re-infected with the new variant of the virus, and there have been some initial reports from South Africa suggesting that people who have had prior infection could get infected again,” she told a WHO news briefing. Swaminathan did not specify the number of people re-infected in South Africa, but said that ongoing scientific studies are looking at how long antibodies protect people after they have contracted the virus.

The scientist did say that a recent UK study of health workers found that 85 percent of the cohort had developed protection against being re-infected with Covid-19 six to eight months after they first caught the virus. One study from South Africa published in pre-print format last month found the country’s indigenous mutation, 501Y.V2, showed “substantial or complete escape” from the human body’s neutralizing antibodies that target Covid-19. “These data highlight the prospect of re-infection” and may “foreshadow reduced efficacy” of vaccines, according to the study, which has not yet been peer-reviewed.

Another larger, more generalized study of 43,000 people with Covid-19 antibodies in Qatar concluded that re-infection is “rare,” and that natural infection elicited strong protection against the virus for at least seven months. The South African variant features more genetic mutations than previous forms of the virus, including the E484K mutation, which appears to have an impact on the body’s immune response, potentially increasing the likelihood of re-infection. It accounts for more than 80 percent of cases in South Africa, and has spread to at least 32 countries worldwide.

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“This technique of using the next bombshell story to push the last one down a memory-hole — call it Bombholing — needed a polarized audience to work.”

• The Bombhole Era (Matt Taibbi)

News in the Trump years became a narrative drama, with each day advancing a tale of worsening political emergency, driven by subplots involving familiar casts of characters, in the manner of episodic television. It worked, but news directors and editors hit a stumbling block. If you cover everything like there’s no tomorrow, what happens when there is, in fact, a tomorrow? The innovation was to use banner headlines to saturate news cycles, often to the exclusion of nearly any other news, before moving to the next controversy so quickly that mistakes, errors, or rhetorical letdowns were memory-holed. The American Napoleon generated controversies at such a fantastic rate that stations like CNN and MSNBC (and Fox too) were able to keep ratings high by moving from mania to mania, hyping stories on the way up but not always following them down.

The moment the narrative premise of any bombshell started to fray, the next story in line was bumped to the front. News outlets paid off old editorial promises with new headlines: Ponzi journalism. This technique of using the next bombshell story to push the last one down a memory-hole — call it Bombholing — needed a polarized audience to work. As surveys by organizations like the Pew Center showed, the different target demographics in Trump’s America increasingly did not communicate with one another. Democrats by 2020 were 91 percent of the New York Times audience and 95 percent of MSNBC’s, while Republicans were 93 percent of Fox viewers. When outlets overreached factually, it was possible, if not likely, that the original target audience would never learn the difference.

This reduced the incentive to be careful. Audiences devoured bombshells even when aware on a subconscious level that they might not hold up to scrutiny. If a story turned out to be incorrect, that was okay. News was now more about underlying narratives audiences felt were true and important. For conservatives, Trump was saving America from a conspiracy of elites. For “liberal” audiences, Trump was trying to assume dictatorial power, and the defenders of democracy were trying to stop him. A symbiosis developed. Where audiences once punished media companies for mistakes, now they rewarded them for serving up the pure heroin of shaky, first-draft-like blockbusters. They wanted to be in the trenches of information discovery. Audiences were choosing powerful highs over lasting ones.

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View from the left.

• Cuomo And The Lincoln Project Are Media-Created Monsters (DP)

In the chaos of 2020, the national press corps used all of its magical mythmaking and storytelling powers to conjure two towering political heroes for a country in crisis. From the maw of the media machine, New York Gov. Andrew Cuomo and the Lincoln Project emerged as our alleged sentinels bravely battling a deadly pandemic and an authoritarian president — and supposedly leading us with principles and morality into a new era of accountability and integrity. For millions of credulous liberals already binging on West Wing reruns, the twin tales conjured some more of that good old-fashioned hope-and-change nostalgia, and seemed to serve as a cheeky reminder that not all heroes wear capes.


But in the last 24 hours, the entire façade has collapsed, revealing that those bravely trying to sound the alarm for months were right all along — and those benefiting from the media-driven fraud were attempting to evade accountability and self-servingly cover up a grotesquerie of mismanagement, corruption, and abuse. Will the wrongdoers face any consequences or accountability? Or will they be treated like the purveyors of previous frauds, like the Iraq War and the financial crisis, and continue to be platformed and valorized by the press corps? And will our media overlords engage in any self-reflection about the monsters they manufactured? The details of the two tales vary, but the narrative arcs are eerily similar. That they crescendoed in the same single news cycle makes their cautionary tales all the more poignant.

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About a year too late.

• NY Dems Want To Strip Cuomo Of Coronavirus Emergency Powers (JTN)

Gov. Andrew Cuomo was reprimanded on Friday by a group of New York Democrats who are demanding that the governor be stripped of his emergency powers that he has exercised in response to the coronavirus pandemic in New York state. The reprimand came in a statement from 14 lawmakers who were acting following the news that Cuomo’s top aide, Melissa DeRosa, had admitted during a video conference call with Democratic leaders that the administration covered up the true extent of nursing home deaths in 2020 because they were concerned about a possible federal investigation by the Trump administration. The New York Post broke the story of DeRosa’s confession to the group of Democratic lawmakers who were thought to be put in a difficult situation as result of the coverup.


“While COVID-19 has tested the limits of our people and state — and, early during the pandemic, required the government to restructure decision making to render rapid, necessary public health judgments,” the prepared statement from the 14 Democratic state senators said — “it is clear that the expanded emergency powers granted to the Governor are no longer appropriate.” “While the executive’s authority to issue directives is due to expire on April 30, we urge the Senate to advance and adopt a repeal as expeditiously as possible.”

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Very toxic. Tucker’s take is dead on.

• Inside the Lincoln Project’s ‘Toxic’ Workplace (19th)

The Lincoln Project’s founders were some of the highest-profile players in Republican politics before they rejected Trump and became apostates within their own party. There was George Conway, a high-profile conservative lawyer who is married to Kellyanne Conway, who was a top adviser to Trump. Weaver worked on Sen. John McCain’s presidential campaigns, as did Galen and Schmidt. Mike Madrid is a strategist specializing in Latinx voting trends. Jennifer Horn is a former GOP chair in New Hampshire. Wilson worked on Rudy Giuliani’s mayoral and Senate campaigns. Ron Steslow started his own consulting firm after working at the National Republican Senatorial Committee. Conway was the first to leave in August, citing family obligations. Weaver took medical leave around the same time.

A three-person board — Galen, Madrid and Steslow — was created without input from some of the other co-founders. Eventually, disputes over that board, and its scope, led to bitter infighting that involved individual co-founders lawyering up and threatening one another with “oppo” research, Washington speak for the type of negative information amassed by a political campaign or organization to use against a rival. In late 2020, Conway stepped in to help mediate what was quickly becoming a civil war within the organization. Madrid and Steslow departed in December after signing nondisclosure agreements and receiving separation packages that those familiar with the negotiations describe as lucrative.

On December 21, the Lincoln Project paid Madrid’s firm, Grassroots Lab, two round sum payments of $1.1 million and $300,000. On the same date, it paid Steslow’s firm, TUSK Digital, $900,000. All of the payments were described as for “political strategy consulting” on campaign finance filings. The Lincoln Project was organized as a super PAC, meaning it could raise and spend unlimited sums of money but had to disclose only basic details about where the money was going. The firms that some of the co-founders brought with them to the Lincoln Project’s work became a source of internal frustration, as more than half of the nearly $90 million raised by the project flowed to firms controlled by its various founders. Once it was there, there was usually no way to track how they spent or kept it.

As of late January, Galen’s firm, Summit Strategic Communications, had received roughly $27.5 million from the Lincoln Project, with the bulk of that going to “independent expenditures” such as television or Internet advertisements and nearly $7 million to consulting. Steslow’s firm, TUSK, received $22.4 million, with $7.1 million for consulting. Schmidt’s firm, SES Strategies, received $1.5 million for consulting, but he told the Chicago Tribune he returned it. Madrid’s Grassroots Lab received nearly $2.2 million for consulting services. The Lincoln Project paid Horn directly in amounts of $5,000 or $10,000 per month, campaign finance filings show. In the fall, she began receiving additional payments from LPTV, but in all, her annual compensation was approximately $150,000, sources familiar with the situation said.

Tucker Lincoln Project
https://twitter.com/i/status/1360413135144771585

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George Conway. Strange player in all this.

• Lincoln Project Accused by its Own Co-Founder of Likely Criminality (Greenwald)

The group of life-long Republican Party consultants who, under the name “The Lincoln Project,” got very rich in 2020 with anti-Trump online messaging has spent weeks responding to numerous scandals on multiple fronts. Despite the gravity of those scandals, its conduct on Thursday night was in a whole new category of sleaze. It not only infuriated their long-time allies, but also constituted the abuse of Twitter’s platform to commit likely illegal acts. That the primary effect of the Lincoln Project was to personally enrich its key operatives by cynically exploiting the fears of U.S. liberals has long been obvious. Reporting throughout 2020 conclusively demonstrated that the vast majority of the tens of millions of dollars raised by the group was going to firms controlled by its founders.


One of its most prominent founders — GOP consultant Rick Wilson — personally collected $65,000 from liberals through GoFundMe for an anti-Trump film he kept promising but which never came; to this date, he refuses to explain what he did with that money. A study conducted after the 2020 election found that the group’s effect on the election’s outcome was trivial to non-existent — not surprising given its penchant for spending money on ads that aired in electorally irrelevant places such as Washington, D.C. or which circulated almost exclusively in liberal cable news and social media venues, and thus had no purpose other than to enable its consultants to take large commissions from the ad spending. They were producing ads solely for liberals, with the overriding intent not of defeating Trump but inflating their net worth. And it worked: until they were no longer needed.

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Do they ever.

• Lincoln Project Faces Questions Over The Spending And Compensation (Turley)

The Lincoln Project has had a rough couple of weeks. One of its co-founders, John Weaver, was accused of sexual harassment of young men and the Project attacked him as a sexual predator. As co-founders like George Conway denied any real familiarity or interaction with Weaver, others accused of the Project of turning a blind eye to his conduct. Then one of its other co-founders, Jennifer Horn, resigned in protest only to be attacked by other Project members as allegedly trying to get more money out of the organization. Now, the Lincoln Project is having serious questions raised over its compensation for co-founders and an accounting for tens of millions of dollars that may have gone to them or their own firms. Lincoln famously declared “with malice toward none, with charity for all,” but the Lincoln Project is accused of malice towards many but charity for a few.

[..] The latest controversy comes after an Associated Press story that the Project was able to raise over $90 million but only spent a third of that ($27 million) on advertisements during the 2020 campaign. The AP noted “That leaves tens of millions of dollars that went toward expenses like production costs, overhead — and exorbitant consulting fees collected by members of the group.” It also suggested that the Project was using tactics to hide the money trial and spending decisions. Reporters Steve Peoples and Brian Slodysko said that “[t]he vast majority of the cash was split among consulting firms controlled by its founders, including about $27 million paid to a small firm controlled by Galen and another $21 million paid to a boutique firm run by former Lincoln Project member Ron Steslow, campaign finance disclosures show.”

I have been critical of some of the Lincoln Project commercials and advertisements. However, my main objection was its role in harassing and even doxxing lawyers who represented the Trump campaign or the Republican party. That effort was funded by thousands of lawyers as well as Democratic donors. At first, I thought the Lincoln Project could serve a useful role in establishing a Republican opposition base to Trump and add greater diversity in the party. Instead, it adopted increasingly juvenile and vicious ads that seemed to pander to the lowest common denominator in politics. This week the Lincoln Project ad features a chicken and taunts Trump for declining to testify despite the fact that presidents traditionally have not testified and such a decision should not be treated as evidence of guilt.

Yet, such commercials play well to donors and bring in more money. The question is whether the windfall of money was the byproduct or the purpose of the Project’s founding. The AP story suggests that the Project has used accounting systems that make it difficult to track payments. The Project can easily make this all transparent. While no one is going to run ads showing the founders juxtaposed with chickens, a few donors may want to know if the founders enriched themselves and their firms as part of the 2020 campaign.

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Pandora’s box.

• Trump Lawyers Argue His Jan. 6 Rhetoric Is ‘Protected’ Free Speech (JTN)

Attorney David Schoen argued the impeachment managers relied heavily on media reports to make their case against Trump rather than actual evidence. He said people get more “due process” fighting a parking ticket than Trump did in this trial. Schoen also questioned why the House managers held the “never-before-seen” Capitol security footage and did not release it to the public or Trump himself ahead of the trial. Schoen also argued that the House impeachment managers “manipulated” Trump’s words when playing a clip of him saying there were “fine people on both sides” after the Charlottesville protest. The full remarks included Trump denouncing white supremacists and neo-Nazis.

The House impeachment managers focused heavily on Trump’s “fight like hell” comment during his Jan. 6 speech. Schoen showed video clips of Democrats using rhetoric that could be interpreted as violent. His video montage included House Speaker Nancy Pelosi saying Democrats have to learn how to “throw a punch” and former Vice President Joe Biden saying he would “beat the hell” out of Trump in high school. He also played clips of Democrats like then-Sen. Kamala Harris saying Democrats have to “fight” in the Trump era. “We like a good fight,” Harris said.

House impeachment managers argued that Trump’s “stop the steal” message was unprecedented. To respond to that argument, Schoen showed video of 2016 Democratic presidential nominee Hillary Clinton saying that you could be a major political party’s presidential nominee and have the election “stolen” from you. He also played Democratic Ohio Sen. Sherrod Brown saying Stacey Abrams’ gubernatorial election was “stolen” from her. Van der Veen played additional video of “robust” rhetoric from Democrats about punching Trump in the face and said the First Amendment should be applied “evenly.” “All robust speech should be protected and it should be protected evenly for all of us,” he said. “The Senate cannot ignore the First Amendment.”

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“..when lead House impeachment manager Jamie Raskin (D-Maryland) got caught lying on Wednesday about the content of an alleged telephone call between Trump and a Republican senator during the Capitol riot, he admitted that his claim was false and shrugged it off.”

• MSM’s Narrative About The Murderous Capitol Mob Has Collapsed (Cox)

As their dishonest narrative collapses around them, mainstream media outlets and Democrat politicians are trying to hold together their latest bid to destroy Donald Trump, but some of the lies are getting too big to shrug off. I’m reminded of the media-speak popularized during the Trump era – lightly used words or phrases that became ubiquitous in the talking points, like “violating norms” – especially the term “debunked.” In the eyes of MSM and their controllers, Trump was a president who needed to be debunked thousands of times. Whether it was about the size of his Inauguration Day crowd, the animal-like savagery of MS-13 gang-bangers or the fact that Haiti is “a s**thole”, any Trump claim had to be debunked, false or not.

When an obnoxious loudmouth constantly blurts out things that lift the skirt on the ruling class’ treachery, his voice must be discredited. And even if just part of his story can be attacked, the rest will be forgotten. It’s like a Jenga game where all the pieces automatically fall down when one is removed. But the same standard doesn’t apply to the media’s own story lines. No matter how many times MSM and establishment politicians are exposed as liars — from the MLK bust in the Oval Office to the Russia collusion hoax — the people are supposed to keep believing the gist of their arguments. The Jenga tower can be levitating with entire floors missing, but the con artists insist that it’s still standing. We’re seeing it again in Trump’s second Senate impeachment trial. Giant holes have been blown in the MSM-DNC narrative about the January 6 “insurrection” at the US Capitol, but that’s not supposed to matter.

For instance, when lead House impeachment manager Jamie Raskin (D-Maryland) got caught lying on Wednesday about the content of an alleged telephone call between Trump and a Republican senator during the Capitol riot, he admitted that his claim was false and shrugged it off. “This is much ado about nothing because it’s not critical in any way to our case,” he said. Never mind that the point was apparently considered important enough to submit as evidence. Raskin was essentially allowed to wriggle out as if he said, “The fact that we’re lying about this doesn’t reflect whatsoever on the veracity of anything else we’re telling you.” A far bigger and more central piece of the impeachment Jenga tower shouldn’t be sloughed off so easily. In fact, Capitol Police officer Brian Sicknick is so central to the narrative that his cremated remains were displayed in honor at the Capitol Rotunda to remind everyone of the viciousness of the alleged Trump domestic-terrorism army.

The tale of the brutal Trump mob is always punctuated with the fact that five people were “killed” during the riot, er, “white-supremacist insurrection.” One of those people was Ashli Babbitt, one of the rioters, who was fatally shot by a law enforcement officer. Three others were election-fraud protesters who died from health crises – a heart attack, a stroke and an unidentified medical emergency – during the January 6 demonstration and riot. The talking heads who wish Trump supporters dead in every other case are counting Trump supporters in the death toll from an incident perpetrated primarily by Trump supporters. It’s as if they’re leading a story on a hostage crisis by saying that 30 people were killed without mentioning that 25 of those were hostage takers, including 22 who died of food poisoning.

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hypothetical

• Hillary Clinton Could Be Charged Under Precedent Set In Trump Trial (RT)

A lawyer for former president Donald Trump said the current impeachment drive is a partisan effort that could backfire on Democrats if they lose leverage, suggesting ex-secretary of state Hillary Clinton could also be impeached. Responding to a question from Senator Marco Rubio (R-Florida) during Friday’s impeachment hearing, Trump attorney Michael van der Veen argued that the Obama-era secretary could face similar impeachment proceedings sometime in the future. “Is it not true that under this new precedent, a future House – facing partisan pressure to ‘lock her up’ – could impeach a former secretary of state, and a future Senate be forced to put her on trial and potentially disqualify her from any future office?” Rubio asked.

“If you see it their way, yes,” van der Veen said, referring to the Democratic impeachment managers. “If you do this the way they want it done, that could happen to the example there – a former secretary of state – but it could happen to a lot of people. And that’s not the way this is supposed to work.” The lead impeachment manager in the House, Jamie Raskin (D-Maryland), pushed back, however, insisting Rubio’s hypothetical had “no bearing on this case,” as Clinton “was not impeached in office for conduct while in office.” At Friday’s hearing, the Trump lawyer also argued that the ex-president’s statements leading up to the January 6 riot on Capitol Hill – which he is accused of “inciting” as the basis of the impeachment effort – were “virtually indistinguishable” from rhetoric used by American politicians for “hundreds of years.”

“Countless politicians have spoken of ‘fighting for our principles.’ Joe Biden’s campaign slogan was ‘Battle for the Soul of America.’ No human being seriously believes that the use of such metaphorical terminology is incitement to political violence,” van der Veen said. He added that while Trump at no point engaged in “language of incitement,” many Democrats in Washington have themselves resorted to “profoundly reckless, dangerous and inflammatory rhetoric in recent years,” singling out Clinton, who he said “ridiculously declared the [2016] election [was] stolen by Russia.”

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“Do you understand what you have done?”

• Great Reset? Putin Says, “Not So Fast” (Luongo)

Did you happen to catch the most important political speech of the last six years? It would have been easy to miss given everything going on. In fact, I almost did, and this speech sits at the intersection of nearly all of my areas of intense study. The annual World Economic Forum took place last week via teleconference, what I’m calling Virtual Davos, and at this year’s event, of course, the signature topic was their project called the Great Reset. But if the WEF was so intent on presenting the best face for the Great Reset to the world it wouldn’t have invited either Chinese Premier Xi Jinping or, more importantly, Russian President Vladimir Putin. And it was Putin’s speech that brought down the house of cards that is the agenda of the WEF.

The last time someone walked into a major international forum and issued such a scathing critique of the current geopolitical landscape was Putin’s speech to the United Nations on September 29th, 2015, two days before he sent a small contingency of Russian air support to Syria. There he excoriated not only the U.N. by name but most importantly the U.S. and its NATO allies by inference asking the most salient question, “Do you understand what you have done?” having unleashed chaos in an already chaotic part of the world? As important as that speech was it was Putin’s actions after that which defined the current era of geopolitical chess across the Eurasian continent. Syria became the nexus around which the resistance to the “ISIS is invincible” narrative unraveled

And the mystery of who was behind ISIS, namely the Obama administration, was revealed to anyone paying attention. President Trump may have taken credit for beating ISIS, but it was mostly Putin and Russia’s forces retaking the Western part of Syria which allowed that to happen, while our globalist generals, like James Mattis, did as much damage to Syria itself and as little to ISIS as possible, hoping to use them again another day. And regardless of whether you agree or disagree with the U.S.’s policy in Syria, which I most definitely do not, it is hard to argue that Russia’s intervention there fundamentally changed the regional politics and conflicts for the foreseeable future.

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Jim needs some time to re-focus.

• The Trials of Wokery (Kunstler)

How do you like the party you supposedly voted into power so far? Or is it perhaps too much to say they were actually voted into anything? And if so — if there was something, let’s say, a little irregular with the ballot tabulation, maybe even more than a little — have they not succeeded splendidly in pissing-off more than half the people across the land? And then attempted to rub that half’s faces into the squishy, fetid loam of the DC Swamp? I’d say that every move they make, every breath they take, seems calculated to spark a new civil war. Yesterday’s spiteful exercise in cognitive dissonance was a humdinger: Mr. Biden threatened to cut off travel to Florida for flouting his regime’s policy on Covid-19 lockdowns, while over in Texas (and several other states), he ordered a general unlocking-down of the border with Mexico, permitting the unchecked illegal ingress of thousands of possible Covid-19 carriers a day. Ron DeSantis, Florida’s governor, responded, saying — if I may paraphrase — see you in court, asshole.

Meanwhile, the cancellation reign-of-terror among the regime’s self-appointed guardians of Wokeness rages on. In the name of diversity and inclusion, no one in the USA is allowed to publicly question the Woke narrative of the moment, or else be deprived of your livelihood. The New York Times fired forty-year veteran science reporter Donald G. McNeil, Jr., for using the freighted word “n*gg*r” while answering a student’s question about the history of the word’s usage, just as I am explaining his use of it in the incident at issue — that is, academically.

Though Mr. McNeil’s intent was incontrovertibly innocent as viewed by persons not insane — including, only briefly, the paper’s executive editor Dean Baquet — the decision to not sack Mr. McNeil provoked a reflexive uproar among the Times’s staff, as something in the wind might provoke a flight of grasshoppers transforming into a swarm of locusts, and Mr. Baquet reversed himself, forcing Mr. McNeil to choose demotion or resignation. Then, to make matters worse, the Times’s publisher, AG Sulzberger, spiked a column by nominally “conservative” op-ed writer Bret Stephens that attempted to argue some legalistic points about intent in the conduct of a witch hunt, an apparent affront to the Times’s witch-hunters, who seem to prefer their witch-hunting as a straight-up blood sport.

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Debt Rattle July 13 2020

Jul 132020
 
 July 13, 2020  Posted by at 10:34 am Finance Tagged with: , , , , , , , , , ,  9 Responses »


Berenice Abbott New York City at Night 1932

 

• Florida Sets Record For Single-Day Covid19 Cases As Disney World Reopens (DL)
• Who When Where: No Word On WHO Experts’ Coronavirus Trip To China (SCMP)
• One In Three South Korean COVID19 Patients Improve With Remdesivir (R.)
• Looming Evictions May Soon Make 28 Million Homeless In US (CNBC)
• “Too Big To Fail” Banks face Their Worst Quarter Since The Financial Crisis (ZH)
• Coronavirus Brings Record $1 Trillion Of New Global Corporate Debt In 2020 (R.)
• Tesla Slashes Model Y SUV Price Four Months After Launch (R.)
• Coronavirus Has Shown us How to Stop a Climate Disaster (BT)
• American Collusion: Weaponizing Media, Big-Tech, & Government (ZH)
• That Kind Of Memory Hole Is A Nightmare (Higgins)

 

 

The WHO says yesterday set a new world record. They’re two days behind Worldometer. But bad enough anyway. Florida is something else.

 

 

 

 

 

 

 

 

 

 

 

 

Ben Hunt

Ben Hunt Fauci

 

 

“This is an American tragedy.”

• Florida Sets Record For Single-Day Covid19 Cases As Disney World Reopens (DL)

Even as Disney World reopens and the Florida state government was being pushed to host in-person classes for the fall school semester, the Sunshine State is setting new records for COVID-19 cases. The Florida Department of Health reported 15,299 new coronavirus cases Sunday. That’s the highest total for any state since the pandemic started. Florida holds the dubious record for second-highest as well, coming in with 11, 434 new cases on July 4, per Johns Hopkins University. Florida’s test positivity rate is a whopping 19.60%, Johns Hopkins said.


Florida Rep. Donna Shalala said the virus is “out of control,” and said it’s likely a second economic shutdown looms. “It’s out of control across the state because our governor won’t even tell everybody to wear masks. At least in Miami-Dade county, everyone must wear a mask when they’re outside,” she told CNN Saturday night. “This is an American tragedy.” About 40 hospitals across Florida have no ICU beds available, according to state data.

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What should we expect from this? Water under the bridge.

• Who When Where: No Word On WHO Experts’ Coronavirus Trip To China (SCMP)

A World Health Organisation advance team is in the Chinese capital this weekend but few other details have been released about a mission that could lay the groundwork for an investigation into the origins of the coronavirus pandemic. The WHO said last week that two experts – an animal health specialist and an epidemiologist – would start work on Saturday but by Sunday evening there was still no word on the name of the specialists, the schedule of the trip, and their agenda. Chinese authorities did not make a statement about the visitors on the weekend and the Chinese media did not report their arrival. And no Chinese institution, including the Chinese Centre for Disease Control and Prevention, confirmed that it had or would confer with the WHO experts.


Associated Press reported that the two experts were in Beijing on Saturday and Sunday. Their mission is to work with Chinese health officials and scientists to prepare for a larger WHO-led international task force at an undisclosed date. The mission is widely seen as a way to bring more transparency and cooperation to the search for the animal origins of the virus, first identified in Wuhan in central China late last year. But the origins of the pandemic are mired in politics. Some senior members of the US administration have blamed China for the pandemic, including making unsupported claims that the virus could have emerged in a Wuhan laboratory. Chinese officials have pushed back, defending the country’s handling of the outbreak and saying the identification of the virus in China does not mean it originated there.

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This is an ad. It’s about the headline. Read the article and there’s nothing there: “More research was needed to determine if the improvement was attributable to the drug or other factors..”

• One In Three South Korean COVID19 Patients Improve With Remdesivir (R.)

One in three South Korean patients seriously ill with COVID-19 showed an improvement in their condition after being given Gilead Sciences Inc’s (GILD.O) antiviral remdesivir, health authorities said. More research was needed to determine if the improvement was attributable to the drug or other factors such as patients’ immunity and other therapies, they said. Remdesivir has been at the forefront of the global battle against COVID-19 after the intravenously administered medicine helped shorten hospital recovery times in a U.S. clinical trial. Several countries including South Korea have added the drug to the list of treatment for the disease caused by the novel coronavirus. There is no approved vaccine for it.


In its latest update on the drug, Gilead said on Friday an analysis showed remdesivir helped reduce the risk of death in severely ill COVID-19 patients but cautioned that rigorous clinical trials were needed to confirm the benefit. The Korea Centers for Disease Control and Prevention reported on Saturday results from a first group of 27 patients given remdesivir in different hospitals. Nine of the patients showed an improvement in their condition, 15 showed no change, and three worsened, KCDC deputy director Kwon Jun-wook told a briefing. The result had yet to be compared with a control group and more analysis was needed to conclude remdesivir’s benefit, Kwon said.

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This is not a fantasy, it’s set to happen. The bottom is falling out.

• Looming Evictions May Soon Make 28 Million Homeless In US (CNBC)

Emily Benfer is the chair of the American Bar Association’s Task Force Committee on Eviction and co-creator of the COVID-19 Housing Policy Scorecard with the Eviction Lab at Princeton University. CNBC: How does the eviction crisis brought on by the pandemic compare with the 2008 housing crisis? Emily Benfer: We have never seen this extent of eviction in such a truncated amount of time in our history. We can expect this to increase dramatically in the coming weeks and months, especially as the limited support and intervention measures that are in place start to expire. About 10 million people, over a period of years, were displaced from their homes following the foreclosure crisis in 2008. We’re looking at 20 million to 28 million people in this moment, between now and September, facing eviction.

CNBC: You study the intersection of housing and health. What will all these evictions mean for people’s health during the pandemic?

EB: Eviction negatively impacts the trajectory of an individual’s life, and it can do that in a permanent way. Studies have demonstrated that eviction causes increased mortality and causes respiratory distress, which in the Covid-19 pandemic can put people in even greater peril. It results in depression, suicides and other poor health outcomes. And the primary response to Covid-19 has been to shelter in place. If there’s an increase in homelessness [one economist estimates homelessness could rise by more than 40% this year], that could spread the virus.

CNBC: You’ve been keeping track of what states are doing to protect tenants, mostly through eviction moratoriums. How do you feel the efforts have fallen short?

EB: Some of the moratoriums are limited to different segments of the population, and in their duration. They were also not coupled with financial assistance to ensure that renters don’t accrue this backed-up debt and are stabilized enough to stay in their unit. Another issue is that in some states, landlords were allowed to go forward with a hearing on eviction, and even receive an order of eviction, and it was only forestalled at the execution stage. That means that there are a number of evictions that are just waiting for the sheriffs to execute. The moment the moratoriums lift, all of those families will be immediately put out. And right now, 29 states lack any state level moratorium against evictions.

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As millions of Americans will be evicted, the banks will be bailed out.

• “Too Big To Fail” Banks face Their Worst Quarter Since The Financial Crisis (ZH)

U.S. banks could be setting up for their worst quarter in more than a decade as loan loss provisions and the pandemic are set to wreak havoc on bottom lines. Next week, many of the “too big to fail” banks are set to report earnings and are likely going to show that a drop in consumer spending and higher loan losses were not offset by better trading gains. Loan-loss provisions should reach their highest levels since the financial crisis, Barclay’s predicts. Kyle Sanders, an analyst at Edward Jones, told Bloomberg: “We’ve got a full three months of the pandemic coming through the numbers now. The first quarter was rough, but it really only reflected a couple of weeks in March.”

Loan losses are expected to rise as spiking unemployment has left many unable to service, or pay back, their loans. New loans have also dried up as banks tighten their belts. Service charges and credit card fees are also likely going to fall, as large portions of the American economy were shut down for months, suffocating economic activity. And while many banking stocks have recovered somewhat, the S&P 500 Financials index is still down 26% since last December. Wells Fargo alone is down 55% this year and is expected to announce a dividend cut. Bloomberg has predicted that despite increasing provisions in the first quarter of the year, banks are still going to have their worst quarter in a decade when they report this upcoming week.


Wells Fargo Chief Financial Officer John Shrewsberry commented last month that the bank would likely set aside more for bad loans in Q2 than the $4 billion it set aside in Q1. Banks will be looking to trading and underwriting to help try and salvage the quarter. Stock and bond trading was likely up about 31% in Q2 according to estimates. JP Morgan is expected to post the largest increase of about 50%. Citigroup Inc.’s Richard Zogheb, global head of the debt capital-markets division, said he thinks there will be record volumes in trading for the quarter. This stands at odds with previous cyclical downturns, where investment banking and trading revenue would fall as much as 30%.

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Free money. Much of it will also be bailed out, so why worry?

• Coronavirus Brings Record $1 Trillion Of New Global Corporate Debt In 2020 (R.)

Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new study of 900 top firms has estimated. The unprecedented increase will see total global corporate debt jump by 12% to around $9.3 trillion, adding to years of accumulation that has left the world’s most indebted firms owing as much as many medium-sized countries. Last year also saw a sharp 8% rise, driven by mergers and acquisitions, and by firms borrowing to fund share buybacks and dividends. But this year’s jump will be for an entirely different reason – preservation as the virus saps profits. “COVID has changed everything,” said Seth Meyer, a portfolio manager at Janus Henderson, the firm that compiled the analysis for a new corporate debt index.


“Now it is about conserving capital and building a fortified balance sheet”. Companies tapped bond markets for $384 billion between January and May, and Meyer estimates that recent weeks have set a new record for debt issuance from riskier “high yield” firms with lower credit ratings. Lending markets had slammed shut for all but the most trusted firms in March, but have been opened up wide again by emergency corporate debt buying programmes from central banks like the U.S. Federal Reserve, the European Central Bank and Bank of Japan. Companies included in the new debt index already owe almost 40% more than they did in 2014, and growth in debt has comfortably outstripped growth in profits.

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“..the first time in the company’s 17-year history that one of its new vehicles turned a profit in its first quarter..”

• Tesla Slashes Model Y SUV Price Four Months After Launch (R.)

Tesla cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. The reduction follows price cuts in May on Tesla’s Model 3, Model X and Model S. The company headed by Elon Musk this month posted a smaller-than-expected fall in car deliveries in the second quarter, resilient results despite the pandemic that hit the global auto industry. The Model Y now starts at $49,990, down nearly 6% from its previous price of $52,990, according to the carmaker’s website.


Tesla did not immediately respond to a Reuters request for comment. The company started deliveries of the Model Y in March, promising a much-awaited crossover that will face competition from European carmakers like Volkswagen rolling out their own electric rivals. In April, Tesla had said the Model Y was already profitable, marking the first time in the company’s 17-year history that one of its new vehicles turned a profit in its first quarter.

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So we’re going to stop the climate disaster through sheer incompetence?

Sorry, but these sort of things bring out the skeptic in me like little else. I get that they mean well, but…

Let’s begin with scrapping terms like zero carbon, zero emissions and green energy. They are misleading nonsense.

“..for the first time ever, a group of intellectuals associated with Extinction Rebellion (XR) lay out a post-COVID-19 vision for the policies that could deal with the multiple crises we now face — and how a renewal of democracy is essential to save us from future health and ecological disasters. This statement is published exclusively in Byline Times by the XR ‘Brains Trust’, a group of thinkers including David Graeber, Illona Otto, Rupert Read, Jason Hickel, Steve Keen, Steve Melia, Henry Muss, George Barda and Rebecca Bowers.

• Coronavirus Has Shown us How to Stop a Climate Disaster (BT)

According to economic textbooks, the role of finance is to allocate economic resources towards best meeting future needs. In the process, we are always told, this guarantees freedom, happiness, and well-being. Global financial markets are, therefore, a kind of superior, planetary substitute for state systems of central planning. But if so, it’s hard to imagine how they could do a more disastrous job, careering from crisis to crisis, requiring endless bailouts, while concentrating most of the world’s wealth in a tiny number of hands, wiping out species after species, and, immanently, rendering large swathes of the planet uninhabitable.

The only plausible explanation is that the economic textbooks are wrong. Global financial markets aren’t really ways of directing resources towards future benefit. They aren’t even really markets. They are power arrangements, which mainly operate by colluding with Governments to extract rents, largely, by creating public and private debt. In these areas, the public and private sector become so closely entwined that it’s difficult to even distinguish them. For instance, the crisis has made clear that Governments with their own currencies are perfectly capable of creating money at will, simply by getting the Central Bank to buy bonds from the Treasury. This can either be done directly, or via the contrivance of selling them first to the finance sector and then buying them back.

So, it follows, the same resources now devoted to keeping destructive industries afloat could simply be redirected to do the opposite. There is no reason not to allow fossil fuel, air travel, and much of current construction to simply collapse for lack of subsidy; redirecting the money instead to green projects, retraining, and a basic citizen’s income. The only way to guarantee humans are protected from future catastrophe then is to ensure a dramatic shift of power relations. Do we expect Governments to just go right ahead and implement this? Obviously not.

Governments are ultimately answerable to their citizens, and one thing citizens clearly don’t want, is to go back to how things were before. A recent survey found only 9% of British citizens want to return to life as it was pre-COVID-19. We can be certain there will never again be such reliance on air travel or commuting. And it’s unlikely citizens will ever again blindly accept ‘there’s just no money’ as an argument for failing to invest or to help the poor. The magic money tree was found, after all, this April.

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“..de facto gatekeepers of information..”

• American Collusion: Weaponizing Media, Big-Tech, & Government (ZH)

In late October 2016, Jason Sullivan – then chief Twitter strategist for Roger Stone, used a data-mining tool he created, Power10, to peer into the public sentiment of the election. Outgunning the antiquated polling surveys that got it so wrong, Sullivan witnessed candidate Hilary Clinton catch up to Trump two weeks before the election in real time. He then saw, a few days later, how FBI Director James Comey gave Clinton a temporary boost that helped her overtake Trump when he announced the bureau would reopen the investigation into her email scandal. Since that time, Jason Sullivan hasn’t told his story about what happened behind the scenes leading to the biggest presidential upset election in more than a century. He wasn’t able to.

That’s because the FBI swept Sullivan up in a dawn raid in early 2018, after intimidating other members of his family. The FBI hauled him off to testify under oath of perjury before the Mueller team. Surviving the FBI interrogation, Jason Sullivan retreated from the social media spotlight. That was until this June when he saw the establishment’s coordinated effort to tilt the 2020 election against President Trump, again. The COVID-19 outbreak and subsequent lockdowns gave blue states cover for an all mail-in paper election. The Black Lives Matter (BLM) and Antifa protests, looting and riots further shut down cities across the United States. Some posed the theory that funds donated to BLM flow through ActBlue, another political front company, and into the DNC.

The biggest lever in tilting the election this year, however, emerges with the collusion between the mainstream media and the tech giants as de facto gatekeepers of information. They wield tremendous power to determine what can and cannot be said, seen, shared and posted. They include Twitter, Facebook, Google and YouTube, among others. All this boils down to one objective: Censorship. Surviving the Mueller interrogation, Sullivan developed a strong opinion on both censorship and what transpired during the last presidential election. “On November 8th, 2016, all the laws of gravity were completely defied, and the legitimacy of every last one of the traditional political polls were utterly destroyed and proven beyond a shadow of a doubt to be completely inaccurate in what went down as the single biggest political upset in modern-day history,” Sullivan said.

“The DNC, Hilary Clinton, the Obama administration, all the Democrats, all the leading newspapers and publications, the establishment Republicans and the RINOs were ALL completely caught flat-footed! If any one of the traditional polls were remotely accurate, candidate Trump did not stand a snowball’s chance in hell of winning the presidential election.” Sullivan concluded his first salvo, stating, “There is no one today who will argue that Donald Trump won the presidency because of social media … not even President Trump. But social media is what allowed candidate Donald Trump to completely circumvent the mainstream media and get his message out directly to the people.”

On Twitter shadow-banning, Sullivan observed the “systemized censorship that if Twitter staff members didn’t like a user’s tweet, they would zap the user’s account, for a period of time. Meaning, everything the user would post would not show up on any of his followers news feeds. It’s like getting hit with a digital stun gun.”

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Orange Man Bad is a profit machine for left and right.

• That Kind Of Memory Hole Is A Nightmare (Higgins)

Liberals are losing their minds over the Lincoln Project, a political action committee made up of a coalition of Republican strategists and admen who raised $16.8 million this past quarter to continue their mission of making commercials and posts aimed at upsetting Donald Trump. The group has been regularly praised for its “fearlessness” and the “powerful” content of its ads, liberals say, deeming the anti-Trump commercials “MUST WATCH” because “they are driving him crazy.”

A recent example used the coronavirus pandemic to make the case that Trump is an existential threat to the country. “If we have another four years of this, will there even be (big dramatic pause) an America?” asks a passably Ronald Reagan-imitating voice actor as somber music plays in the background in the punny “Mourning in America”-titled ad that came out this week. It was celebrated by Politico’s Joanna Weiss as a “masterful nugget of compact filmmaking.” Unsurprisingly for a group of former aides to Republican campaigns and party attachés who have run in the same circles for decades, the Lincoln Project is made up of exactly the kind of people who liberals profess to loathe: a collection of right-wing ghouls dominated by angry white men with bigoted, racist views that they’ve seldom been shy about sharing.

The group is reportedly little more than a slush fund for its members. A study on the Lincoln Project from the Center for Responsive Politics in May found the group’s finances suspect, at best, and that the organization was acting as a funnel for what The Atlantic called the coalition’s “motley crew” of leadership by directing the PAC’s cash to the interests and businesses of its directors and staff. “The Lincoln Project reported spending nearly $1.4 million through March,” the Center explained. “Almost all of that money went to the group’s board members and firms run by them.”

The Lincoln Project’s Team is led by eight founders and ten senior advisors, but the group’s core four is made up of George Conway, Steve Schmidt, John Weaver, and Rick Wilson. The quartet self-importantly announced the formation of their PAC in a tedious opinion piece for the New York Times last December, claiming that Trump represents some great departure from American conservatism (beyond saying the quiet part loud) and concluded the piece by likening their consultancy-trough-feeding and make-work organization to the Union forces in the Civil War.

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