Jul 022019
 


Salvador Dali Remorse, or Sphinx Embedded In Sand 1931

 

Any image of a dead child is always harrowing, for everyone but the most deranged psychopaths among us. If the child has drowned while seeking a better life it is possibly worse. The public reaction of politicians to such images, which varies from doing very little, or nothing, to solve the issues that have led to a child drowning, to trying to make cheap political gains from the image, must be the worst.

On September 2 2015, this photo of Syrian Kurdish 2 year-old Alan Kurdi, lifeless on a beach near Bodrum, Turkey, went viral. Almost 4 years later, all Europe has done is try to hide the problems that led to his death, by handing Turkey billions of euros to keep refugees inside that country. And still today conditions in Lesbos, Greece are appalling. Hardly a thing has changed.

 

 

Improvements to the situation that lead to Alan Kurdi’s death, within Syria itself, have had very little to do with European efforts. Russia had a much bigger role in that. And Syria is not the only source, or place, of troubles and refugees. Libya has turned into an open air slave market thanks to US and EU “efforts” under Obama. And Iraq is not exactly a land of milk and honey either. Or Afghanistan.

And then this week another picture of a drowned child made the frontpages -and more. That child, too, drowned due to a situation that has a long history: the US seeking to turn Central America into a dirt-poor, chaotic and unsafe environment that local people desperately want to escape. Same difference. And again, in the US and EU it is used as propaganda material.

 

 

 

So who do you blame for this? Trump of course. Who also gets the blame for the conditions in which children are held at the US-Mexico border, in “cages”. A disaster that caused Alexandria Ocasio-Cortez to stage a scene in which she cried her heart out while looking at an empty parking lot in an expensive dress.

The truth is, it doesn’t seem to matter anymore. The people who are on AOC’s side of the divide will never see the reports on her faking the scene, that’s how segregated America has become. The “appropriate media” will convey the “appropriate” message” to the “appropriate audience”. Chuck Schumer even took the photograph to Capitol Hill for some quick and easy points.

 

What Schumer et al do not mention was that the “cages” AOC -ostensibly- cried about were built by the Obama government, i.e. Schumer’s own party. And there’s a few other things he conveniently left out. Like the fact that the horrible situations in their home countries that these people face are caused by the US itself, including Democrats like Schumer.

But first, some of the press on June 26, when the pictures came out:

A Grim Border Drowning Underlines Peril Facing Many Migrants

The searing photograph of the sad discovery of their bodies on Monday, captured by journalist Julia Le Duc and published by Mexican newspaper La Jornada, highlights the perils faced by mostly Central American migrants fleeing violence and poverty and hoping for asylum in the United States. According to Le Duc’s reporting for La Jornada, Óscar Alberto Martínez Ramírez, frustrated because the family from El Salvador was unable to present themselves to U.S. authorities and request asylum, swam across the river on Sunday with his daughter, Valeria.


He set her on the U.S. bank of the river and started back for his wife, Tania Vanessa Ávalos, but seeing him move away the girl threw herself into the waters. Martínez returned and was able to grab Valeria, but the current swept them both away. The account was based on remarks by Ávalos to police at the scene — “amid tears” and “screams” — Le Duc told The Associated Press.

That border did not become “grim” overnight, it has been exactly that for many years. We have proof of that. But first, more easy points.

‘Trump Is Responsible’

The Democratic presidential candidates rushed to condemn the “inhumane” situation on the US border with Mexico – with some directly blaming Donald Trump – after a picture of a Salvadoran father and his toddler daughter found dead in the Rio Grande shocked the nation. The photograph, which emerged on Tuesday night, showed Óscar Alberto Martínez Ramírez, 26, and his 23-month-old daughter Valeria laying facedown near Matamoros, Mexico, on the bank of the river that marks the US border – reopening a fierce debate about the scale of the crisis.

The picture, by journalist Julia Le Duc, has drawn comparisons to the 2015 image of three-year-old Syrian boy Alan Jurdi, who drowned off Kos in Greece – sparking a significant moment in the European debate over migrants and refugees. Beto O’Rourke said: “Trump is responsible for these deaths.” Writing on Twitter, the former Texas congressman added: “As his administration refuses to follow our laws – preventing refugees from presenting themselves for asylum at our ports of entry – they cause families to cross between ports, ensuring greater suffering & death. At the expense of our humanity, not to the benefit of our safety.”

Fellow 2020 hopeful senator Kamala Harris condemned the picture as “a stain on our moral conscience”. She wrote: “These families seeking asylum are often fleeing extreme violence. And what happens when they arrive? Trump says, ‘Go back to where you came from.’ That is inhumane. Children are dying.” Corey Booker, New Jersey senator and 2020 candidate, also blamed the president. “We should not look away. These are the consequences of Donald Trump’s inhumane and immoral immigration policy. This is being done in our name,” he tweeted.

 

These people don’t appear to have any knowledge of their own history, their own party. Either that or they’re flat-out lying. Kamala Harris: “..what happens when they arrive? Trump says, ‘Go back to where you came from.’ That is inhumane. Children are dying.” Here Kamala, Corey, Beto, take a listen to what Obama said in both 2007 and again in 2014. Take your time, we’ll wait:

While it’s impossible to quantify misery, and we should not even try, perhaps the closest we can get to doing it anyway is by looking at the number of people who have died at the US Southwest border. And if you can do that over an entire 20-year period, you at least have some indication.

And what do we see? The number of deaths under Trump is not high at all, at least in relative terms. Every death is one too many, true enough. But still. Since 2000, there was only one year, 2015, in which there were fewer deaths than in the two Trump years, 2017 and 2018.

 

 

Here’s a more detailed version of this (click for larger pic in new tab):

 

 

But yes, I know how much people love to hate Trump and his administration, and often for good reason too. But this whole thing appears to be about issues that existed during the previous Obama administration- and W. Bush- just as much, if not more. When Chuck Schumer and Nancy Pelosi already were where they are now: in positions of -real- power. So you know, what do you do when they try and blame Trump for the very things they were complicit in?

And then there’s Salvini in Italy refusing entry to a ship filled with refugees. Which pretty much says he’s trying to force captains to break age-old maritime law (or the Law of the Sea, admiralty?!). And you can say he’s an idiot for doing it, and he is, but he is also telling the EU that Italy can’t accept 10 times more refugees than other EU nations just because it happens to have a coastline.

And sure Salvini is a belligerent fool, and so is Trump, but if you want to understand what happens you can’t stop at blaming only them. It’s tempting but it’s also far too easy. Even the Dalai Lama said people should stay in their own countries. But also that they should receive help from the west. Which for many decades have only been terrorizing them. This is as true in Africa as it is in Central America.

 

Arguably, all we need to do to stop children like Alan Kurdi and Valeria from drowning at border crossings is to make their home countries safe from our own criminal and deathly activities. But that’s not going to be easy. I read this piece today from think tanking US professors Mark Hannah and Stephen Wertheim, and it doesn’t even make sense beyond the initial message:

Here’s One Way Democrats Can Defeat Trump: Be Radically Anti-War

The last two presidents, Obama and Trump, were unlikely aspirants to the office partly because they bucked national-security orthodoxy, blasting Middle East wars and the political class that started them. Obama and Trump won their elections partly for the same reason. Once in office, however, they struggled to deliver. Endless war continues; diplomacy is in tatters; Americans suffer from underinvestment where they live and work; and the greatest threats, like climate change, loom larger across the globe. In 2020, the candidate who not only identifies these problems, but offers real solutions, will benefit.

Problem is, the Democrats are a radically pro-war party, just like the Republicans. The writers silently admit this by not naming one Democrat who is anti-war, and by not at all naming the one presidential candidate who is, Tulsi Gabbard. Which makes one suspect that they and their backers are not so much anti-war as they are anti-Trump, but since many Americans are anti-war these days, they see it as a possibly winning platform.

Given that Wertheim is a co-founder with George Soros and the Koch brothers of the Quincy Institute for Responsible Statecraft, none of this is surprising. They just want the power back, and if that takes promising no more forever war during an election campaign, hey, that’s fine with them. And then once the election’s done, they can go back to their merry ways of inciting wars. They might as well claim they’re going to save us from climate change too.

 

The solution to the problem of children -and adults- drowning at border crossings is dead -pun intended- simple. Stop bombing people, stop interfering in their countries altogether, stop strangling them with economic sanctions. Implementing these very easy policies, though, is far from simple. And so the problem keeps growing.

 

 

The most important take-away from all this is that the problem is not Salvini or Trump, but the EU and US, the entire “body politic” of both. Where left and right are on the same side, that of power and money, and their ‘differences’ are mere distractions that serve to entertain their audiences. And the media whipping up a blind hatred of everything Salvini or Trump, is not going to make this world a better place.

Left and right alike dance to the tunes of the arms industries and other large corporations, which profit from chaos and misery, both in ‘powerless’ countries and at home. We’re stuck with “progressives” who have no meaningful link to progress and conservatives whose very last idea seems to be to conserve anything of value.

But be critical of the left and you’re labeled right wing, and vise versa. We live in a modern version of a segregated society, not progressing anywhere and not conserving a single thing on its way there.

We need to do better, much better, if we are to prevent the next child from drowning.

 

 

 

 

Oct 272018
 


Pablo Picasso Mandolin and glass of Pernod 1911

 

Global Selloff Erased $5 Trillion From Stock And Bond Markets In October (MW)
Dow Down 300 Points, S&P 500 1.7% In Another Wild Day On Wall Street (CNBC)
Jeff Bezos Loses $11 Billion In One Day After Amazon Sales Disappoint (F.)
Trump Adds A Global Pricing Plan To Wide Attack On Drug Prices (Tribble)
Swedish Central Bank Makes U-Turn on Cash as NIRP is Ending (DQ)
FBI Reviews Tesla Model 3 Production Numbers As Part Of Criminal Probe (CNBC)
Varoufakis, Bernie Sanders To Launch Progressives International Movement (RT)
Mexico Offers Caravan Migrants Temporary Work Permits, Housing (BBC)
Hundreds Ready To Go To Jail Over Climate Crisis (G.)
US Withdrawal Of Gillnet Protections For Whales, Turtles Ruled Illegal (R.)

 

 

Or $8 trillion, depending on who you ask.

Global Selloff Erased $5 Trillion From Stock And Bond Markets In October (MW)

The recent stampede by investors has erased about $5 trillion in value from global stock and bond markets in October alone. But that shouldn’t be severe enough to affect the economy, for now, according to economists at Deutsche Bank. Still, unless the markets regain their footing soon, the pressure for the Federal Reserve to reassess their monetary policy will continue to mount, they said. “Academic studies of the wealth effect find that households and companies don’t react to short-term fluctuations in their wealth but instead react to a moving average of where their wealth levels are,” said Torsten Slok, chief international economist at Deutsche Bank Securities, said in a note to clients.

As the chart below illustrates, global markets shed roughly $5 trillion in market cap just this month, but the total value of equity and debt markets has increased $15 trillion from 2017. “The bottom line is that we need a more significant correction before it will begin to have a meaningful impact on the economic outlook,” he said. The Fed said wages and prices are rising in its 12 districts and overall economic activity expanded at a “modest to moderate” pace, according to the Beige Book released on Wednesday. The report, which compiles anecdotal observations about the economy, by and large suggests that the Fed is likely to stay on course to execute its fourth rate rise of 2018 in December and deliver additional increases next year unless there is a more dramatic unwind in the financial markets.

[..] The sharp selloff this month has prompted at least one market expert to suggest that stocks are in the midst of a sustained downward spiral. “With the S&P 500 only five weeks removed from its all-time high, we’ve not been definitive about labeling this move a new cyclical bear market. But it’s very likely we are experiencing one,” said Doug Ramsey, chief investment officer at Leuthold Group, in a report.

Read more …

At some point, the word ‘momentum’ will come into play.

Dow Down 300 Points, S&P 500 1.7% In Another Wild Day On Wall Street (CNBC)

Stocks fell sharply on Friday as investors slogged through another volatile session on Wall Street. The Dow Jones Industrial Average closed 296.24 points lower at 24,688.31 after dropping 539 points at its lows of the day. The Nasdaq Composite dropped 2.1 percent to 7,167.21. At its lows, the tech-heavy Nasdaq had fallen more than 3 percent. The S&P 500 fell 1.7 percent to 2,658.69 and briefly entered into correction territory, trading more than 10 percent below its record high reached in September. The average stock market correction, since WWII, results in a 13 percent drop and lasts for four months if it does not turn into a full-fledged bear market. Larry Benedict, CEO of The Opportunistic Trader, said traders “don’t want to be long heading into the weekend.”

He added, “S&P now down on the year and people are more afraid to be long today than they were when market was 10 percent higher.” Seven of the 11 S&P 500 sectors are down at least 10 percent from their 52-week highs, including energy, materials and financials. Around three quarters of the index’s stocks are also in a correction. “The 19.7 percent correction in 2011 is as close to a bear market as we’ve had in recent years. I don’t think we’ll get close to that, but I think we’re heading for a deeper correction than the one we had in January and early February,” said Sam Stovall, chief investment strategist at CFRA Research. He noted investors are realizing that earnings growth will slow down moving forward, thus they are pricing this in.

Read more …

How much of Bezos’s wealth comes directly from cheap and easy money?

Jeff Bezos Loses $11 Billion In One Day After Amazon Sales Disappoint (F.)

Easy come, easy go: Jeff Bezos’ fortune dropped by $11 billion on Friday, a day after Amazon came out with quarterly results that fell short of the mark. Shares of the e-commerce behemoth fell almost 8% on Friday, swiftly knocking some $70 billion off the company’s market capitalization. The selloff also dragged down the broader market, which has been flirting with correction territory this week. Bezos’ net worth fell in lockstep, dropping by $11 billion to $135.8 billion. That is down from the $160 billion he was worth as of mid-September. Bezos, who owns 16% of Amazon, is still by far the richest man on the planet. He is trailed by Microsoft cofounder Bill Gates, whose fortune clocks in at $94.8 billion.

Amazon, which briefly became the second U.S. company to fetch a $1 trillion valuation in September, shared third quarter results on Thursday that failed to live up to the high expectations that investors and Wall Street have come to adopt. Sales rose by 29% to $56.6 billion in the third quarter. However, that was a far cry from the $73.9 billion that analysts had projected. Amazon also told investors to brace for a slower holiday season. It expects revenue to grow just 10% to 20% in the fourth quarter, reaching $72.5 billion at most. That would make for Amazon’s worst holiday season since 2014. For the last three straight years it has boasted sales increases of more than 20% during the fourth quarter.

Read more …

Makes sense: “Trump proposed having Medicare base what it pays for some expensive drugs on the average prices in other industrialized countries, such as France and Germany..”

Trump Adds A Global Pricing Plan To Wide Attack On Drug Prices (Tribble)

President Donald Trump’s new pledge to crack down on “the global freeloading” in prescription drugs had a sense of déjà vu. Five months ago, Trump unveiled a blueprin to address prohibitive drug prices, and his administration has been feverishly rolling out ideas ranging from posting drug prices on television ads to changing the rebates that flow between drugmakers and industry middlemen. Thursday, Trump proposed having Medicare base what it pays for some expensive drugs on the average prices in other industrialized countries, such as France and Germany, where prices are much lower. The proposal is in the early stages of rule-making and awaiting public comments. The U.S., Trump said, will “confront one of the most unfair practices, almost unimaginable that it hasn’t been taken care of long before this.”

The proposal was met with hope and skepticism, with several experts saying they were happy the administration was taking on Medicare Part B’s rising drug prices but questioning its approach. Walid Gellad, director of the Center for Pharmaceutical Policy and Prescribing at the University of Pittsburgh, said in an online post that the administration’s proposed solutions were unclear. And, he said, they would “face insurmountable challenges.” While some industry watchers pointed to the announcement as a political move, Wells Fargo pharmaceutical analyst David Maris said that this is a broader effort by the president and his administration to attack the root causes of high drug prices. “The reality is he could very easily not take this on and do what other administrations have done and let the prices keep rising.”

Read more …

Defeat. Good.

Swedish Central Bank Makes U-Turn on Cash as NIRP is Ending (DQ)

Sweden’s Riksbank has become the first central bank in the 21st century to take concrete measures to ensure that cash does not disappear as a means of payment from the financial system. To that end, the Riksbank proposes, in a document published on its website, to make it mandatory for all banks and financial institutions to offer cash services. The pronouncement comes in response to a recent policy suggestion by the Riksbank Committee that only the country’s six major banks should be obligated to continue offering cash services. That prompted a backlash from Sweden’s competition watchdog, which argued that the plan would distort competition as it would affect only a few of the nation’s banks. In response, the Riksbank has opted to apply the rule to “all banks and other credit institutions that offer payment accounts.”

[..] For years, the government and the Riksbank have been pushing for a “cashless society.” The Riksbank has over 1,000 articles posted on its website on the “cashless society“. The emphasis worked: between 2013 and 2017, the amount of cash in circulation dropped by 35%, earning Sweden a reputation as the world’s “most cashless nation”:

Many of Sweden’s bank branches had stopped handling cash altogether. Now, they will have to begin doing so all over again. Many of them are not happy about it. Nor indeed are Sweden’s competition and financial watchdogs, which both oppose the proposal, arguing that access to cash should be the sole responsibility of the state and not private banks. “To secure access to cash is a collective good that the state should reasonably be responsible for,” the Swedish Financial Supervisory Authority said. It’s an opinion that’s shared by ATM provider Bankomat, which argued that it should be the state’s responsibility to ensure that citizens have access to cash since the handing of notes and coins is such an important — and expensive — part of a country’s infrastructure. Bankomat is jointly owned by the five largest banks in Sweden.

Read more …

To be continued. Forever.

FBI Reviews Tesla Model 3 Production Numbers As Part Of Criminal Probe (CNBC)

The FBI is reviewing Tesla’s Model 3 production numbers as part of an ongoing criminal probe into whether the company misled investors, according to a Wall Street Journal report published Friday. Federal agents are reviewing Tesla’s stated Model 3 numbers dating back to early 2017, the Journal reports, citing unnamed sources. Tesla had previously said it provided documents to the Department of Justice regarding CEO Elon Musk’s controversial take-private tweet — a blunder that ultimately cost Tesla and Musk a combined $40 million in fraud settlement fees. Now Tesla says it also provided information to the Department of Justice regarding Musk’s public statements regarding production numbers of its Model 3 sedan.

Tesla says the company has not received “a subpoena, a request for testimony, or any other formal process,” but the Journal reported Friday that former Tesla employees have received subpoenas and requests for testimony. Tesla struggled to ramp up Model 3 production as promised, plagued by factory issues and reports of unfit working conditions. Musk set lofty goals and insisted on sticking to them, according to countless media reports. Federal agents are probing whether the company knowingly made public statements of impossible production goals, the Journal reported.

Read more …

Godspeed.

Varoufakis, Bernie Sanders To Launch Progressives International Movement (RT)

Former Greek Finance Minister Yanis Varoufakis said he and US Senator Bernie Sanders will in a month formally launch a left-wing counterpart to the nationalist movement being forged by Steve Bannon. A Sanders-Varoufakis team-up was suggested in an recent op-ed by the Greek economist published by the Guardian. The formal creation of Progressives International is to happen in Sanders’ home state of Vemont on November 30, Varoufakis announced during a press conference in Rome on Friday. Varoufakis, who led tough negotiation with European lenders in 2015 before resigning after Athens agreed to EU’s austerity terms, says the world today is facing a crisis of leadership similar to what Europe saw in the 1930s.

With the establishment failing the common people, populist nationalist forces are rising to power, offering quick and simple solutions to problems like social inequality, loss of jobs to countries with cheaper labor and mass migration. Steven Bannon, the former strategist for the Donald Trump 2016 campaign, is currently trying to unite such right-wing forces in various nations into a global movement. For Varoufakis figures like Bannon, Italian Interior Minister Matteo Salvini, Hungarian President Viktor Orban and others pose a threat similar to the fascist movements of the 1930s, according to his Guardian op-ed. He and potential allies like Sanders or UK’s Labour leader Jeremy Corbyn can offer an alternative way out of the crisis, he believes.

But if they are to succeed in a struggle for power against both the globalist establishment and the nationalists, they need to unite across borders. “The financiers are internationalists. The fascists, the nationalists, the racists – like Trump, Bannon, [German Interior Minister Horst] Seehofer, Salvini — they are internationalists,” Varoufakis told BuzzFeed News. “They bind together. The only people who are failing are progressives.”

Read more …

Could be part of a solution.

Mexico Offers Caravan Migrants Temporary Work Permits, Housing (BBC)

Mexico has offered temporary work permits to migrants who register for asylum, as a big caravan of Central American migrants makes its way through the country toward the US. The plan also envisages temporary ID cards, medical care and schooling. But to qualify, migrants must remain in Mexico’s southern Chiapas and Oaxaca states. The US has warned that about 800 troops may be sent to the US-Mexico border to stop the migrant caravan. “I am bringing out the military for this National Emergency,” US President Donald Trump said earlier this week. “They [migrants] will be stopped!” The president also threatened cutting aid to Guatemala, El Salvador and Honduras. The caravan set off from Honduras several weeks ago.

The scheme, announced by President Peña Nieto, covers Central Americans who have officially asked for a refugee status in Mexico or are planning to do so in the nearest future. It is called Estas en Tu Casa (“This is Your Home” in Spanish). “Today, Mexico extends you its hand,” President Nieto said. But he added: “This plan is only for those who comply with Mexican laws, and it’s a first step towards a permanent solution for those who are granted refugee status in Mexico.” The plan envisages: • Temporary ID cards and work permits • Medical care • Schooling for migrants’ children • Housing in local hostels. But President Nieto failed to explain what would happen to the migrants if they chose to carry on regardless.

Read more …

But they confuse climate crisis and species extiction. Not the same thing at all.

Hundreds Ready To Go To Jail Over Climate Crisis (G.)

A new group of “concerned citizens” is planning a campaign of mass civil disobedience starting next month and promises it has hundreds of people – from teenagers to pensioners – ready to get arrested in an effort to draw attention to the unfolding climate emergency. The group, called Extinction Rebellion, is today backed by almost 100 senior academics from across the UK, including the former archbishop of Canterbury Rowan Williams. In a letter published in the Guardian they say the failure of politicians to tackle climate breakdown and the growing extinction crisis means “the ‘social contract’ has been broken … [and] it is therefore not only our right, but our moral duty to bypass the government’s inaction and flagrant dereliction of duty, and to rebel to defend life itself.”

Those behind Extinction Rebellion say almost 500 people have signed up to be arrested and that they plan to bring large sections of London to a standstill next month in a campaign of peaceful mass civil disobedience – culminating with a sit-in protest in Parliament Square on 17 November. Roger Hallam, one of the founders of the campaign, said it was calling on the government to reduce carbon emissions to zero by 2025 and establish a “citizens assembly” to devise an emergency plan of action similar to that seen during the second world war. On top of the specific demands, Hallam said he hoped the campaign of “respectful disruption” would change the debate around climate breakdown and signal to those in power that the present course of action will lead to disaster.

“The planet is in ecological crisis – we are in the midst of the sixth mass extinction event this planet has experienced,” he said. “Children alive today in the UK will face the terrible consequences of inaction, from floods to wildfires, extreme weather to crop failures and the inevitable breakdown of society. We have a duty to act.”

Read more …

Make America Great Again MUST start with American nature, with protecting species. Major flaw.

US Withdrawal Of Gillnet Protections For Whales, Turtles Ruled Illegal (R.)

The Trump administration unlawfully withdrew a plan to limit the number of whales, turtles and other marine creatures permitted to be inadvertently killed or harmed by drift gillnets used to catch swordfish off California, a federal judge has ruled. The decision requires U.S. fisheries managers to take steps to implement the plan, which calls for placing numerical limits on the “bycatch” of bottlenose dolphins, four whale species and four sea turtle species snared in swordfish gillnets. As currently written, the regulation in question also would mandate suspension of swordfish gillnet operations altogether off Southern California if any one of the bycatch limits were exceeded.

The Pacific Fishery Management Council endorsed the plan in 2015, and it was formally proposed for implementation by the U.S. Commerce Department’s National Marine Fisheries Service the following year. The rule was expected to gain final approval but was abruptly withdrawn instead in June 2017 under President Donald Trump, whose Commerce Department determined the cost to the commercial fishing industry outweighed conservation benefits. The environmental group Oceana sued, accusing the Commerce Department of violating U.S. fisheries laws and the federal Administrative Procedures Act. Oceana also asked the courts to order the agency to put the bycatch limits into effect.

U.S. District Judge R. Gary Klausner declined to force the National Marine Fisheries Service to immediately implement the restrictions in a decision handed down Wednesday in Los Angeles. But he sided with environmentalists in finding the agency’s reversal exceeded its authority and was “arbitrary, capricious or an abuse of its discretion.”

Read more …