Apr 262024
 
 April 26, 2024  Posted by at 8:50 am Finance Tagged with: , , , , , , , , ,  55 Responses »


Herri met de Bles Landscape with Saint Christopher 1535 – 1545

 

America: Goodbye my Country (Paul Craig Roberts)
Sceptical Supreme Court Could Hand Trump Partial Victory In Immunity Case (ZH)
Court to Decide Trump Contempt Sanction (Turley)
Hillary Clinton and Marc Elias Are Afraid of 2024 Trump Win (Sp.)
Democrats Want Donald Trump ‘Killed,’ Alan Dershowitz Warns (ET)
Pollster: ‘Deep State’ Wanted Trump’s Imprint On Failed Ukraine Policy (Sp.)
Trump Allies Charged In Arizona Election Interference Case (Sp.)
Biden Rushes Aid to Ukraine As US Cost of Living Skyrockets (Miles)
Biden Team Doubts US Aid Will Help Ukraine Win – Politico (RT)
Scott Ritter: US Aid for Ukraine Won’t Hamper Russia’s Strategic Advantage (Sp.)
Russia To Seize $440 Million From JPMorgan (ZH)
Harvey Weinstein Conviction Overturned On Appeal (ZH)
Immanuel Kant Goes To War (Hayes)
Carbon Emissions CANNOT Cause ‘Global Warming’ (Slay)

 

 

 

 

Trump NY

 

 

Pecker
https://twitter.com/i/status/1783587614928368048

 

 

Immunity
https://twitter.com/i/status/1783600215817163214

 

 


Shallow men believe in luck. Strong men believe in cause and effect. – Ralph Waldo Emerson

 

 

Tucker racism

 

 

Bannon Rickards

 

 

 

 

“Americans have sat on their butts and allowed the destruction of civility, the rule of law, the Constitution, and their nation.”

America: Goodbye my Country (Paul Craig Roberts)

I would add several more. For example, the independence of doctors requires private practice. Private practice is being destroyed systematically by medical insurance, malpractice insurance, Medicare, Big Pharma, and the US Congress which panders to Big Pharma for campaign contributions. Medical doctors are being forced into becoming employees for HMOs where they have to follow their employer’s protocols or be fired. This means that they must abandon the Hippocratric Oath and follow the profit-enhancing practices of their employer HMOs. Big Pharma provides software for diagnosis and treatment, and doctors have to prescribe according to what Medicare and insurance companies will pay a percentage of the billing amount. Even doctors in private practice find that what they can prescribe and what operations they can perform is limited to insurance and medicare decisions.

During the orchestrated “Covid pandemic,” the entire propaganda operation was geared toward maximizing Big Pharma’s profits from the Covid “vaccine” and to cancelling people’s control over their own health care by imposing “vaccine” mandates. This was the first exercise in the imposition of mass tyranny in the Western World. Individual countries had experienced tyranny, but never before the entire Western world simultaneously. In order to maximize Big Pharma’s profits and impose mass tyranny, it was necessary to prohibit two safe, effective, known preventatives and cures for Covid–hydroxychloroquine and Ivermectin. Doctors who successfully used these cures and preventatives to protect their patients were subject to persecution by medical authorities and governing boards. Some were fired from their HMO jobs and university medical schools, some were stripped of their licenses, some were prosecuted. In order to mass inject people with an untested “vaccine” under an emergency use order the requirement was that there were no cures.

So, the fact that there were cures had to be suppressed. The utterly corrupt US medical establishment, the whore media and the Western governments suppressed the cures and ridiculed them as “horse medicine.” If the Western peoples were not so insouciant, so gullible, so trusting of “authorities,” so utterly stupid and incapable of thinking for themselves, there would have been no orchestrated “Covid pandemic” and no mass vaccination, which is against all medical protocols in the face of a pandemic. According to all available scientific evidence to date, the “Covid vaccine” has killed and destroyed the health of more people than the Covid virus. The corrupt “authorities” have done their best to cover this up, but as I have reported the coverup has failed. Still nothing is being done about it. Nothing can be done as long as Congress is dependent on campaign contributions from corporations. “Our” representatives are really representatives of those interest groups that fund election campaigns.

Congress reports to them, not to us. The idiot US Supreme Court actually ruled that corporations had a legitimate Constitutional right to purchase the US government. This ruling converted a government that represented the people into one that represented the political campaign contributors. Another addition I would make is the destruction of manners. Try to find today any sign of the manners I grew up with or the civilization that existed. Even when I was in my 20s, when a woman entered the room, the men stood up. Car and restaurant doors were opened for women. Women were helped into their seat at the table. Only when women were seated did men sit down. Men were trained to be gentleman, and ladies to be ladies. No gentleman ever used a four-letter word in a woman’s presence, and no woman ever spoke one. Listen to the barbaric youth today. Even the terms ladies and gentlemen have passed out or have been driven out of use.

[..] Today in the Disunited States we have a government in power that was not elected; instead it used control over the blue cities in swing states and the whore American media to steal the election. Massive amounts of evidence was provided by experts that the election was stolen, but this was strongly denied by the whore media, and experts were prosecuted for making the facts known. Today America is governed by an illegitimate tyrannical regime, and nothing has been done about it. The Republican Party is useless. Only Trump soldiers on with four orchestrated criminal indictments and a number of civil cases arrayed against him. The media, Democrats, and Rino Republicans are all against him. Only the people are for him, and the people are powerless. They don’t even have the vote as the Democrats made clear by stealing the last two elections. Those prosecuting Trump have no concern that they are destroying America’s reputation and reducing the power of all future presidents, making them even more subservient to the deep state.

America’s only representative–Donald Trump–is so overloaded with criminal and civil prosecutions that he has no time to campaign and even as a billionaire is overwhelmed with the legal costs of defending himself from obvious nonsensical charges.The legal profession, the law schools, the bar associations, the Congress, the courts, the media stand aside as if they are not also endangered and as if the weaponization of law isn’t a foundation of tyranny. What we are witnessing most certainly is the transformation of American law into a weapon for subjecting the American population and eliminating anyone who dares to protest or challenge the tyrannical ruling establishment. This is the reason that the United States of America is a totally dead and buried formerly free nation. Americans have sat on their butts and allowed the destruction of civility, the rule of law, the Constitution, and their nation.

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Interesting discussion. To be continued.

Sceptical Supreme Court Could Hand Trump Partial Victory In Immunity Case (ZH)

After two and a half hours, the Supreme Court has finished hearing arguments on whether a former president is immune from criminal prosecution. Reading the tea-leaves of the comments has left most believing that SCOTUS will fail to grant former President Trump the full immunity he is seeking (choosing instead to narrow the protections for former presidents), but are likely to issue a ruling that could further delay his trial on charges of conspiring to overturn the 2020 election. That would be a partial win for the former President. As Axios reports, a definitive ruling against Trump – a clear rejection of his theory of immunity that would allow his Jan. 6 trial to promptly resume – seemed to be the least likely outcome. A majority of the justices seemed inclined to rule that former presidents must have at least some protection from criminal charges, but not necessarily the “absolute immunity” Trump is seeking.

The core distinction during oral arguments came down to a president’s official vs. unofficial actions. — and which of Trump’s efforts to overturn the 2020 election results were official vs. unofficial. The most likely outcome might be for the high court to punt, perhaps kicking the case back to lower courts for more nuanced hearings. That would still be a victory for Trump, as Sam Dorman reports via The Epoch Times that the outcome of this appeal could delay lower court proceedings in President Trump’s Washington trial as well as his cases in Georgia and Florida. It’s unlikely that the Supreme Court, which is expected to release a decision in June, will write an opinion that delays his ongoing criminal “hush money” trial in New York. The bottom-line is that no clear, concise majority opinion emerged this morning. But there may be five justices willing to kick the can down the road – and that’s enough for Trump, at least for now.

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“Only Michael Cohen would portray himself in terms of a witness simply trying to share evidence of a crime..”

Court to Decide Trump Contempt Sanction (Turley)

I will confess that there are at times a level of contempt expressed in my columns. However, today will be the first time that a column becomes a legal matter for contempt. Among the ten postings by former president Donald Trump being raised by Manhattan District Attorney Alvin Bragg in his contempt sanction is the use of a quotation from one of my columns. In a hearing on the gag order Tuesday morning, Judge Juan Merchan reserved any final decision. On April 15, Trump quoted my New York Post column from the day before titled “A serial perjurer will try to prove an old misdemeanor against Trump in an embarrassment for the New York legal system.” Trump posted the title while attaching a link. There is an interesting aspect to this controversy that captures the problem with Judge Merchan’s gag order.

In addition to continually appealing on television to oppose Trump’s election and to discuss his testimony in this case, Cohen has also lashed out against critics and coverage, including my own columns. I have been a critic of Cohen since the time when he was still working as counsel for Trump. Cohen has continued to attack some of us with vulgar postings while posting mocking pictures and attacks on Trump, including running commentary on the trial. In one posting, Cohen posted an insulting attack on myself and others who have raised questions about the Manhattan case while objecting that he is entitled to the protection of the gag order because he is a witness. Only Michael Cohen would portray himself in terms of a witness simply trying to share evidence of a crime.

Cohen has raised money on being the antagonist of Donald Trump. He has cultivated his professional wrestling style as a type of trash-talking, chair-throwing thug to liberal cable programs. Judge Merchan has allowed him to use the gag order to shield him from criticism as he heaps abuse on Trump both as a candidate and a defendant. That includes, like Trump, responding to these very columns, including my own, on the case. I have previously criticized these gag orders on constitutional grounds.

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“.. ‘public servants’ in the United States dole out trillions of unregulated dollars, but can be ‘purchased’ for mere millions of dollars..”

Hillary Clinton and Marc Elias Are Afraid of 2024 Trump Win (Sp.)

Hillary Clinton has once again evoked the specter of “Russian collusion” and warned the audience of Marc Elias’ “Democracy Docket” podcast that Donald Trump’s role model is no one but Russian President Vladimir Putin. According to Clinton, the danger of a Trump victory to the US democracy is acute, given that Republicans would do whatever it takes to win the 2024 elections, starting with narrowing the electorate, purging votes, creating confusion at polling stations and even weaponizing artificial intelligence (AI). “Probably can’t even imagine what they’re going to do with artificial intelligence and other cyber-attacks on voters in terms of the messages that they will get, sometimes deliberately, to confuse them. You know, different polling places, different days to vote, different times of voting — I mean, whatever they can do to mess people up,” the former secretary of state claimed.

She went on to say that if Trump wins the presidential election in 2024 he would turn into a full-fledged “authoritarian” or “dictator”, who wants to kill his opposition, suppresses the freedom of speech, takes bribes in pay-to-play schemes, and doesn’t believe in the rule of law. Clinton’s outlandish claims expose her as nothing short of a projectionist, according to Wall Street analyst and investigative journalist Charles Ortel, who has been examining the Clinton Foundation’s alleged fraud and pay-to-play scheming for several years. “Hillary Clinton and Marc Elias are both disgraces to the legal profession and mere servants of corrupt donors who plainly understand that ‘public servants’ in the United States dole out trillions of unregulated dollars, but can be ‘purchased’ for mere millions of dollars, often routed via leaky ‘charities,’ or off-market ‘business’ deals and media gigs,” Ortel told Sputnik.

“So far, the known record indicates that Elias, acting for the 2015/16 Clinton campaign and likely working directly with Hillary, rigged the Democratic primaries to favor Hillary and deny Bernie a running shot at winning the Democratic nomination,” the analyst continued. “Then, Elias (likely under direction from Hillary and her corrupt donors) contracted the manufacture of bold lies attempting to link Trump to Russia in the ‘Steele Dossier’ and hyped their deep connections in media and academia to inflate a massive web of deception that hampered the Trump presidency, instigated impeachments of Trump, interfered in the 2020 election, the 2022 election and now in the 2024 election. “If Trump and the GOP win the White House and Congress this year, that could spell serious legal troubles for both Hillary and Marc, the analyst presumed.

Clinton’s claim about Trump’s apparent desire to “kill” his opposition could trigger inconvenient parallels with a string of unexplained deaths around Team Clinton, according to Sputnik’s interlocutor. While Hillary is peddling the idea of the GOP’s forthcoming “election disinformation,” one should recall how she tried to evade scrutiny during the “emailgate” scandal concerning classified government information which ran through her unprotected server, the analyst pointed out. The former secretary of state permanently deleted 33,000 of those emails insisting they were “personal and private”. “Hillary Clinton is an adept liar and mistress of attempting to destroy incriminating evidence,” Ortel said. “In this, she has legions of co-conspirators who have woven fanciful tales of her decades of ‘public service’ without explaining how she managed to convince a major law firm— Williams & Connolly—-to defer collecting millions in legal fees through Bill Clinton’s presidency or how the Clinton family scored millions of dollars in off-market book and speech deals.”

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What is it with Dems and Secret Service protection? Nobody questioned it before..

Democrats Want Donald Trump ‘Killed,’ Alan Dershowitz Warns (ET)

Retired Harvard Law professor Alan Dershowitz suggested that Democrat officials want former President Donald Trump to get killed by taking away his Secret Service protection. Rep. Bennie Thompson (D-Miss.) introduced legislation last week that would remove Secret Service protection for people who are convicted of felony or state crimes. The lawmaker mentioned that a “former president” could be an individual whose protection would be terminated if he’s found guilty in four cases. But Mr. Dershowitz, a former constitutional law professor and criminal defense lawyer, asserted in an interview with Newsmax over the weekend that Mr. Thompson’s legislation is “ridiculous” and “means they want him killed because he’s obviously a target.”

“We live in an age where everybody is in danger. Look, Bobby Kennedy ought to be getting Secret Service protection, but certainly Donald Trump needs to get Secret Service protection. He’s not going to jail, but if he goes to jail obviously the law requires Secret Service protection,” Mr. Dershowitz said, referring to President Trump. It comes as President Trump faces a criminal trial in which prosecutors allege that he falsified business records during the 2016 campaign to cover up negative news stories. The trial is scheduled to last around six to eight weeks in total, while opening arguments started Monday. Judge Juan Merchan, who is overseeing the case, “is going to bluff, fine and threat, but he’s not going to throw Donald Trump in jail,” Mr. Dershowitz said. “That would be a guaranteed victory … I don’t think it’s going to happen.”

A press release issued by Mr. Thompson’s office said that with President Trump’s cases, there is now an opportunity for Congress to reform the U.S. Secret Service’s protective mission “by automatically terminating Secret Service protection for those who have been sentenced to prison following conviction for a federal or state felony—clarifying that prison authorities would be responsible for the protection of all inmates regardless of previous Secret Service protection.”

“Unfortunately, current law doesn’t anticipate how Secret Service protection would impact the felony prison sentence of a protectee—even a former president. It is regrettable that it has come to this, but this previously unthought-of scenario could become our reality,” Mr. Thompson said, referring to the former president’s 91 state and federal charges. “Therefore, it is necessary for us to be prepared and update the law so the American people can be assured that protective status does not translate into special treatment—and that those who are sentenced to prison will indeed serve the time required of them,” he added in the news release.

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“..Speaker Johnson and many congressional Republicans snubbed their own voters on Ukraine funding for two reasons: ignorance and ideology..”

Pollster: ‘Deep State’ Wanted Trump’s Imprint On Failed Ukraine Policy (Sp.)

Most Americans hold a realistic view of the unfolding Ukraine conflict and want their government to prioritize domestic economic and national security interests, according to Patrick Basham, head of Democracy Institute, a politically independent research organization based in Washington and London. Basham likewise does not rule out that Republican presidential frontrunner Donald Trump has been played by the US “deep state” into supporting the unpopular Ukraine aid package. Sputnik: US Congress’ decision to back Joe Biden’s $61 billion aid package for Ukraine to fight its war against Russia has been met with disapproval from US voters on both sides of the political aisle, according to your new poll. Why did Mike Johnson and some of his fellow Republicans in the House decide to snub the GOP’s base on Ukraine?

Patrick Basham: Speaker Johnson and many congressional Republicans snubbed their own voters on Ukraine funding for two reasons: ignorance and ideology. These Republican politicians, along with the majority of American congressmen and senators, are abysmally ignorant about the state of the war in Ukraine. They do not realize that Ukraine has been defeated; many of them even believe Ukraine can still win the military contest with Russia. They are also adherents to a foreign policy ideology that is at odds with the perspective held by the overwhelming majority of conservative and Republican voters in America. The politicians are neoconservatives who divide the world into black and white, good and bad nations.

They believe that American and Western military and economic power can and should remove from power foreign governments that America dislikes – and, crucially, that the removal of these governments will be met with approval from those formerly ruled by them. Although these costly interventions consistently fail, they are advertised as projects to advance democracy, freedom, and prosperity. In striking contrast, most Republican voters (and most Americans) hold a more realistic view of American power. They want Washington to prioritize American interests (especially economic and national security) abroad. As such, they are deeply reluctant to put American soldiers in harm’s way for little, if any, apparent benefit to America, and they are also acutely sensitive to the horrendous economic cost of waging a prolonged overseas war.

Sputnik: Your survey has also indicated that Donald Trump’s support for Speaker Mike Johnson failed to sway the American opposition to funding the Ukrainian conflict. Nonetheless, Sen. Lindsey Graham claimed that Trump’s support helped ram the Ukraine package through Congress. What’s your take on Trump’s role in advocating the provision of Ukraine aid in the form of a loan and backing Johnson’s Ukraine bill? Patrick Basham: Trump’s support for Johnson helped to make the Ukraine bill more palatable to some Republican congressmen. Trump provided political cover for those Republican politicians afraid of attacks from “America First” critics within their own party. I presume that Trump’s principal goal was to shore up Johnson’s overall position within the Republican caucus in the House of Representatives so that during the election campaign Republicans would not experience yet another drawn-out, politically painful exercise to choose a new speaker.

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Raising Arizona.

Trump Allies Charged In Arizona Election Interference Case (Sp.)

Trump allies Mark Meadows, Rudy Giuliani, and Jenna Ellis are among 18 people charged in an election interference case in the state of Arizona, court documents revealed. “Defendants’ attempts to declare Unindicted Co-conspirator 1 and Pence the winners of the 2020 Presidential Election contrary to voter intent and the law, involved numerous other charged and uncharged co-conspirators,” the filing said on Wednesday. Former President Donald Trump is listed as an unindicted co-conspirator in the filing. The defendants are accused of trying to overturn the results of the 2020 presidential election in the state of Arizona, the court documents stated.

In February, a US federal appeals court ruled that Trump is not immune from prosecution in his 2020 election interference case, which Trump appealed to the US Supreme Court. The US Supreme Court is scheduled to decide whether Trump is immune from being prosecuted as a former US president on Thursday. In August 2023, a Fulton County grand jury indicted Trump on 13 felony counts related to his alleged attempts to overturn the results of the 2020 presidential election. Trump has pleaded not guilty to the charges in Georgia over the 2020 presidential election. Trump faces a total of 91 charges in four criminal cases that Republicans say are an attempt by the Democratic establishment to prevent him from returning to the White House. The most serious charges carry penalties of up to 20 years in prison. If the punishment were to be determined by adding up the terms, he could be behind bars for more than 700 years.

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“..the cost now of living in America has risen by about $11,434, give or take, in comparison to when Biden took office.”

Biden Rushes Aid to Ukraine As US Cost of Living Skyrockets (Miles)

American households in 2024 are spending an extra $11,434 annually to maintain a similar standard of living to the one they enjoyed just three years ago. That’s according to a new study by Republican members of the US Senate Joint Economic Committee who examined consumer price data to arrive at an analysis of the impact of inflation from state to state. In some parts of the country the cost of living increase stood at a comparatively modest $8,500 per year, while in states like California and Colorado it approached $15,000. The Biden White House rejected the study as one-sided, pointing to attendant wage increases across the economy. Still, recent polling suggests most Americans don’t feel the increased income makes up for the rise in inflation, and economic issues remain at the forefront of voters’ concerns with November’s presidential election less than seven months away.

Geopolitical consultant and founder of Global Perspective Consulting David Oualaalou pointed to the troubling data during an appearance on Sputnik’s The Critical Hour program Wednesday, questioning the US president’s focus on foreign policy amidst a grim economic outlook for millions of Americans. “The fact that [the US] keeps sending more money to Ukraine [and] it’s already a failed state, what is it for?” asked the author and global speaker. “We have been taking money out of average Americans that are paying taxes. I hope your listeners understand — and this is a sad reality — that the cost now of living in America has risen by about $11,434, give or take, in comparison to when Biden took office.” “And why? Because we are taking money out of Americans and giving it to the corrupted government in Ukraine.” he insisted. “I saw those images of the incompetent members of Congress waving the Ukrainian flag inside Congress. Well to me it became like, why don’t you go and represent Ukraine?

Shame on our politicians. But, again, until the structure of our system has changed, nothing is going to change fundamentally.” Former US President Dwight D. Eisenhower famously warned Americans about the emergent US military-industrial complex during his farewell address in 1961. What’s less well known is that an earlier draft of the speech referred to a “military-industrial-congressional complex.” Eisenhower reconsidered the term out of fear of offending Washington lawmakers, but the designation makes clear legislators’ key role in what the former leader considered a corrupt and dangerous phenomenon. Military contractors make up one of the largest political lobbies in Washington; recently, a study found lawmakers who voted to pass a recent National Defense Authorization Act received four to five times more in donations from the defense industry than those who did not. The promise of campaign cash creates a powerful incentive for congress members to vote to fund more war.

“We have nothing to show but conflicts,” said Oualaalou. “We do not sell anything to the rest of the world except conflict and weapons. And at some point when the world is shifting, like what we are witnessing right now, most countries are going to say, ‘sorry, we are not interested in buying what you have to sell.'” Recently the African country of Chad has threatened to order US troops stationed in the country to leave. The move comes after the neighboring country of Niger made a similar request. The United States has, so far, refused to comply, having invested significant amounts of money there as a hub for military and surveillance activity in the region.

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It’s not about winning. It’s about fighting.

Biden Team Doubts US Aid Will Help Ukraine Win – Politico (RT)

US officials are not convinced that another $61 billion in American assistance for Ukraine will be enough for it to prevail in the conflict against Russia, Politico has reported. President Joe Biden signed a $95 billion foreign aid package on Wednesday, which also included funding for Israel and Taiwan. The Senate voted on the legislation earlier this week, ending a standoff between the Democrats and the Republicans that had dragged on since the autumn. “Battlefield dynamics [in the Ukraine conflict] have shifted a lot in the last few months,” Politico reported on Wednesday, citing unnamed members of the Biden administration. This happened partially because the stalemate in Congress led to Ukrainian forces running low on weapons and ammunition, the sources suggested.

“The immediate goal is to stop Ukrainian losses and help Ukraine regain momentum and turn the tide on the battlefield. After that, the goal is to help Ukraine begin to regain its territory,” one of the officials said. “Will they have what they need to win? Ultimately, yes. But it’s not a guarantee that they will. Military operations are much more complicated than that.” A senior Democratic Senate aide also told Politico that the question now is whether more US aid can lead to a Ukrainian victory, or if it would just be enough to fend off Russian forces temporarily. “There’s lots of debate about what a winning endgame for Ukraine looks like at this point,” the source said. The outlet argued that there is a difference between Kiev “winning” by getting “most or all of its territory back” and “not losing,” which means that “Ukraine can hold its lines and advance some but fail to claw back what Russia seized.”

Ukrainian President Vladimir Zelensky’s stance that Kiev should fight until it takes back all of its territory, including Crimea, “commits the US to a much longer conflict with no guarantee Zelensky will achieve his goals,” Politico stressed. Commenting on the $61 billion US military aid package on Wednesday, Kremlin spokesman Dmitry Peskov insisted that “all these new batches of weapons… will not change the dynamics on the front line.” Earlier this week, Russian Defense Minister Sergey Shoigu said that Moscow’s forces currently hold the initiative everywhere along the front line and are capturing more settlements. He estimated Kiev’s losses at half a million troops since the start of the conflict in February 2022.

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“Russia currently enjoys “military superiority, if not outright supremacy, along the entire line of contact..”

Scott Ritter: US Aid for Ukraine Won’t Hamper Russia’s Strategic Advantage (Sp.)

US President Joe Biden recently signed a long-delayed $95 billion package, including $61 billion in aid for Ukraine, into law. At least $13.8 billion of this sum will be used to deliver weaponry, such as long-range ATACMS missiles and F-16 fighter jets. This is “a lot of money” but it will not turn the tide of the conflict, former US Marine Corps intelligence officer and UN weapons inspector Scott Ritter said in an interview with Sputnik. “The $13.8 billion in military assistance that will be provided to Ukraine will be insufficient to basically halt the ongoing Russian advance,” and “to change the outcome on the battlefield,” he stated. The sum will not help the Kiev regime “turn the tide to send Russian forces back to, according to the Zelensky formula, the 1991 borders,” Ritter stressed, recalling that it isn’t just him making this assessment.

“This is the assessment of Ukraine’s Foreign Minister [Dmytro] Kuleba, who has said that at this late stage in the game, there’s no amount of military assistance that can stop the Russian advance. He’s correct,” the Marine Corps intelligence officer underscored. Ritter also cited “talk of magic weapons” for the Zelensky regime, which he said would be of little help. According to him, Russia currently enjoys “military superiority, if not outright supremacy, along the entire line of contact, not just on the front lines, but extending well into the rear areas of the Ukrainian defense areas.” He also explained that after the US weapons are delivered to Ukraine and brought up to the front line, the weaponry “will be subjected to increasing levels of interdiction.”

“Very little of this military assistance will actually make it to the Ukrainian soldiers at the front line, and when it does, this military equipment will be destroyed relatively quickly by the Russians who will be tracking this equipment throughout its entire journey from the West to the front lines,” Ritter pointed out. The former US Marine Corps intelligence officer suggested that Russia would manage to retain its “strategic advantage” on the battlefield “until victory, regardless of the amount of money that the United States, Europe or anybody else pours into Ukraine. Ritter’s remarks come after Kremlin spokesman Dmitry Peskov underlined that the situation on the battlefield is “self-explanatory and unambiguous,” and that “all these new batches of weapons, […] will not change the dynamics at the front line.”

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The cost of sanctions.

Russia To Seize $440 Million From JPMorgan (ZH)

Seizing assets? Two can play at that game… Just days after Washington voted to authorize the REPO Act – paving the way for the Biden administration confiscate billions in Russian sovereign assets which sit in US banks – it appears Moscow has a plan of its own (let’s call it the REVERSE REPO Act) as a Russian court has ordered the seizure of $440 million from JPMorgan. The seizure order follows from Kremlin-run lender VTB launching legal action against the largest US bank to recoup money stuck under Washington’s sanctions regime. As The FT reports, the order, published in the Russian court register on Wednesday, targets funds in JPMorgan’s accounts and shares in its Russian subsidiaries, according to the ruling issued by the arbitration court in St Petersburg. The assets had been frozen by authorities in the wake of the western sanctions, and highlights some of the fallout western companies are feeling from the punitive measures against Moscow.

Specifically, The FT notes that the dispute centers on $439mn in funds that VTB held in a JPMorgan account in the US. When Washington imposed sanctions on the Kremlin-run bank, JPMorgan had to move the funds to a separate escrow account. Under the US sanctions regime, neither VTB nor JPMorgan can access the funds. In response, VTB last week filed a lawsuit against the New York-based group to get Russian authorities to freeze the equivalent amount in Russia, warning that JPMorgan was seeking to leave Russia and would refuse to pay any compensation. The following day, JPMorgan filed its own lawsuit against the Russian lender in a US court to prevent a seizure of its assets, arguing that it had no way to reclaim VTB’s stranded US funds to compensate its own potential losses from the Russian lawsuit.

Yesterday’s decision sided with VTB, ordering the seizure of funds in JPMorgan’s Russian accounts and “movable and immovable property,” including its stake of a Russian subsidiary. JPMorgan said it faced “certain and irreparable harm” from VTB’s efforts, exposed to a nearly half-billion-dollar loss, for merely abiding by U.S. sanctions. The order was the latest example of American banks getting caught between the demands of Western sanctions regimes and overseas interests. Last summer, a Russian court froze about $36mn worth of assets owned by Goldman following a lawsuit by state-owned bank Otkritie. A few months later the court ruled that the Wall Street investment bank had to pay the funds to Otkritie. The tit-for-tat continues.

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“..witnesses who said that Weinstein had assaulted them, but whose accusations weren’t part of the charges against him..”

Harvey Weinstein Conviction Overturned On Appeal (ZH)

A New York Court of Appeals has overturned Harvey Weinstein’s 2020 conviction on felony sex crime charges, for which he was sentenced to 23 years in prison. In a 4-3 decision, the court found that the trial judge in the disgraced mogul’s case had made a critical error, allowing prosecutors to call a series of women as witnesses who said that Weinstein had assaulted them, but whose accusations weren’t part of the charges against him, the NYT reports. In 2020, Lauren Young and two other women, Dawn Dunning and Tarale Wulff, testified about their encounters with Weinstein under a state law that allows testimony about “prior bad acts” to demonstrate a pattern of behavior. But the court in its decision on Thursday said that “under our system of justice, the accused has a right to be held to account only for the crime charged.”

Citing that decision and others it identified as errors, the appeals court determined that Mr. Weinstein, who as a movie producer had been one of the most powerful men in Hollywood, had not received a fair trial. The four judges in the majority wrote that Mr. Weinstein was not tried solely on the crimes he was charged with, but instead for much of his past behavior. -NYT The decision was determined by one vote on a majority female panel of judges, who in February held a searching public debate over the fairness of the original trial. Weinstein was convicted of raping aspiring actress Jessica Mann at a DoubleTree hotel in 2013 when she was 27-years-old, and forcing oral sex on former production assistant Mimi Haleyi, then 28, at his apartment in 2006.

Now, Manhattan DA Alvin Bragg, who’s currently prosecuting former President Donald Trump, will have to decide whether to seek a retrial of Weinstein – who remains in an upstate prison in Rome, NY at the moment. It’s unclear how the decision will affect his future. In 2022, he was convicted by a California court of raping a woman in a Beverly Hills hotel and sentenced to 16 years in prison. The jury found Weinstein guilty of rape, forcible oral copulation, and sexual penetration by foreign object involving a woman known as Jane Doe 1.

The 2022 jury acquitted Weinstein of a sexual battery charge made by a massage therapist who treated him at a hotel in 2010, and was unable to reach a decision on two allegations, including rape, involving Jennifer Siebel Newsom, the wife of California’s Democratic governor Gavin Newsom. She was known as Jane Doe 4 in the trial, and had testified to being raped by Weinstein in a hotel room in 2005. Weinstein was convicted of sexually abusing over 100 women – and was convicted of assaulting two of them in the New York case. “That is unfair to survivors,” said actress Ashley Judd, the first actress to come forward with allegations against Weinstein, the NYT’s Jodi Kantor reports. “We still live in our truth. And we know what happened.”

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“..Though he is as undeniably German as the Nord Stream pipeline, Putin (and anyone else anywhere) has a right to quote him morning, noon and night..”

Immanuel Kant Goes To War (Hayes)

First off, a hat tip to Russia Today (and to the VPN, which allows me access to it) for telling me that German Chancellor Olaf Scholz has lashed out at Russian President Vladimir Putin for quoting iconic German philosopher Immanuel Kant. Because Putin cited the philosopher at an event marking the 300th anniversary of Kant’s birth, Scholz accused Putin of trying to “poach” the great thinker as well as misrepresenting his ideas.n bThe story, at first glance, is so ridiculously funny that I had to google to ensure I was not being taken in by that mercurial NATO chameleon dubbed “Russian disinformation.” Sure enough, as plenty of Western sources later verified the story, we can proceed. Die Zeit cites Scholz at the Berlin-Brandenburg Academy of Sciences ranting that “Putin doesn’t have the slightest right to quote Kant, yet Putin’s regime remains committed to poaching Kant and his work at almost any cost”.

Let’s just stop the reel there. Kant was born in 1724 in Koenigsberg (present-day Kaliningrad), which belonged to the Kingdom of Prussia before later becoming part of the Russian Empire. The philosopher, famous for his work on ethics, aesthetics and philosophical ontology, is rightly considered one of the pillars of German classical philosophy. Though he is as undeniably German as the Nord Stream pipeline, Putin (and anyone else anywhere) has a right to quote him morning, noon and night. Though Kant is as German as Tolstoy, who regarded himself as a philosopher and not a writer, is Russian, their brilliance belongs to the world. Scholz, in other words, is free to quote Tolstoy, once, of course, he first learns to read. As Putin delivered his talk in Kant’s famous birth place, it was, of course, entirely appropriate that Putin should quote the great philosopher and Scholz, if he was not an ignoramus, should have used that to his advantage, rather than coming across as the obvious baboon that he is.

Putin, as it happens, spent much of his working life in Germany and he speaks the language of Kant, Schiller and Goethe at least as fluently as Scholz which is, admittedly, a low bar. Not only that but Putin has been praising and quoting Kant for decades and has even gone so far as saying that the philosopher should be made an official symbol of Kaliningrad Region. Germany and Germans like Kant have had a profound and often benign effect on Russia since even before Vasili III, Grand Prince of Moscow, established Moscow’s German Quarter in the fifteenth century. Catherine the Great, who was actually born in Prussia, and the German speaking and Kant admiring Putin have carried on those links into more modern times. And, though Catherine the Great, sadly, is no longer with us, Putin is, and his remarks that Kant is “one of the greatest thinkers of both his time and ours,” is not only worthy of consideration but it is one more cultured German leaders than Scholz would have leveraged to their advantage.

Scholz, who fancies himself as something of a bar room philosopher, is having none of that. He believes Russia’s role in the Russian speaking areas of Ukraine contradicts Kant’s fundamental teachings on the interference of states in the affairs of other nations, and he defended Kiev’s decision not to engage in peace talks with Moscow, unless they are on NATO’s terms of unconditional Russian surrender. Scholz, with no sense of irony or self awareness regarding the aborted Minsk Accords, said Kant believed that forced treaties were not the way to reach ‘perpetual peace’ – a direct reference to Perpetual Peace: A Philosophical Sketch, one of Kant’s major and most influential works.

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“..past 400 ppm, “the CO2 concentration can no longer cause any increase in temperature.”

Carbon Emissions CANNOT Cause ‘Global Warming’ (Slay)

A bombshell new peer-reviewed study has provided conclusive scientific evidence proving that carbon dioxide (CO2) emissions in Earth’s atmosphere cannot cause “global warming.” Dr. Jan Kubicki led a group of world-renowned Polish scientists to study the impact of increases in CO2 emissions on the Earth’s global temperatures. However, not only did they find that higher levels of CO2 made no difference, but they also proved that it simply isn’t possible for increases in carbon dioxide to cause temperatures to rise. Kubicki and his team recently published three papers which all conclude that Earth’s atmosphere is already “saturated” with carbon dioxide. This saturation means that, even at greatly increased levels of CO2, the “greenhouse gas” will not cause temperatures to rise. Kubicki et al. summarize their evidence by noting that as a result of saturation, “emitted CO2 does not directly cause an increase in global temperature.”

Current levels of CO2 in the atmosphere are around 418 parts per million (ppm) but the scientists state that past 400 ppm, “the CO2 concentration can no longer cause any increase in temperature.” The saturation of CO2 in the atmosphere is the hypothesis that dares not speak its name in mainstream media, politics, and across much of climate science. The World Economic Forum’s (WEF) “Net Zero” collectivism agenda is doomed without the constant fearmongering of a so-called “climate crisis.” One of the key propaganda messages behind this “green agenda” is that humans are responsible for the ever-warming climate by burning hydrocarbons and releasing CO2 into the atmosphere. The saturation hypothesis is complex, but in simple terms, it can be described by the example of loft insulation in a house.

After a certain point, doubling the lagging will have little effect since most of the heat trying to escape through the roof has already been trapped. Carbon dioxide traps heat only within narrow bands of the infrared spectrum. Levels of the gas have been up to 20 times higher in the past without any sign of runaway “global warming.” At current levels, the Polish scientists suggest that there is “currently multiple exceedances of the saturation mass for carbon dioxide in the Earth’s atmosphere.” The latest study is published in the prestigious Elsevier’s Science Direct peer-reviewed journal. Many other scientists are attracted to the saturation hypothesis because it provides more plausible explanations to fit past changes in the climate.

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Trump pizza

 

 

Roadster

 

 

Saba

 

 

Lay Down Your Tomato Plants

 

 

Mwinzi

 

 

Donkeys
https://twitter.com/i/status/1783156462681739671

 

 

Cutting

 

 

 

 

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

 

 

 

 

 

Jul 302020
 


Elliot Erwitt New York 1955

 

Russian COVID-19 Vaccine Approval Imminent (R.)
3/4 of Recovered Coronavirus Patients Have Heart Damage Months Later (People)
Brazil Hits Record Daily Coronavirus Cases, Fatalities (R.)
Fauci Recommends Eye Protection To Prevent Contracting Coronavirus (Axios)
Political Talks Stall In US On Next Round Of Coronavirus Spending (AlJ)
A $10 Trillion Corporate Debt Bomb Is Waiting to Explode the US Economy (NW)
China Needs ‘Explosive’ Buying To Meet US Farm Import Target (R.)
Russia and China Speed Up De-Dollarization Process (RT)
Private Feds Cash In on Unusual Contempt Case (CN)
The New Fight to Hold Purdue, the Sacklers Accountable for Opioid Crisis (IC)
Court Revives Ashley Judd’s Sexual Harassment Case vs Harvey Weinstein (R.)
House Dems Say Barr Was Sexist, Hostile at Hearing (WFB)
Flynn Attorney’s Twitter Account Partially Suspended Over HCQ Tweet (WE)
Assange Indictment: Old Wine in Older Bottles (OffG)

 

 

One of those days where we can see how much is wrong with the so-called US justice system. Ashley Judd has her case vs Weinstein narrowly re-installed, a judge has a private law firm take over the role of the state in the case of a lawyer who helped Ecuadorians vs Chevron, Purdue’s owners declare bankruptcy -after siphoning off billions- to escape scrutiny for 450,000 opioid deaths, it’s all in a day’s work. And that’s before we even look at the travesty that is the case vs Assange.

 

 

Afraid the world set a new all-time high. US didn’t, but deaths keep rising. Brazil set records in both categories.

 

 

 

 

 

 

 

 

 

 

 

 

Brad Setser

 

 

“..prompted some Western media to question whether Moscow is putting national prestige before solid science and safety ..

As opposed to profit, you mean?

Russian COVID-19 Vaccine Approval Imminent (R.)

Russia’s first potential COVID-19 vaccine will win local regulatory approval in the first half of August and be administered to frontline health workers soon afterwards, a development source close to the matter told Reuters. A state research facility in Moscow – the Gamaleya Institute – completed early human trials of the adenovirus-based vaccine this month and expects to begin large-scale trials in August. The vaccine will win regulatory approval from authorities in Russia while that large-scale trial continues, the source said, highlighting Moscow’s determination to be the first country in the world to approve a vaccine.


The speed at which Russia is moving to roll out the vaccine has prompted some Western media to question whether Moscow is putting national prestige before solid science and safety. “(Regulatory) approval will be in the first two weeks of August,” the development source said. “August 10 is the expected date, but it will definitely be before August 15. All (trial) results so far are highly positive.” The source added that Russian health workers treating COVID-19 patients will be offered the chance of volunteering to be vaccinated soon after the vaccine receives the regulatory approval.

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Not the same studies as the other day. I don’t recall seeing “viral replication” mentioned before.

3/4 of Recovered Coronavirus Patients Have Heart Damage Months Later (People)

Well over half a year into the COVID-19 pandemic, experts are learning more about the virus that was initially believed to be only a respiratory illness. Over time, it’s become clear that COVID-19 attacks far more than just the lungs, and new research indicates that it can leave lasting heart damage, even in formerly healthy people who have recovered from the initial symptoms. Two new studies, both from Germany, examined the effects of COVID-19 on the heart, with one focusing on recovered patients and the other on older victims of the virus. The first study, published Monday in JAMA Cardiology, found that three-quarters of recovered COVID-19 patients were left with structural changes to their hearts, even two months later.

The researchers examined cardiac MRIs from 100 recovered COVID-19 patients between the ages of 45 to 53, and compared them to MRIs of similar people who did not contract the virus. Most of the COVID-19 patients had recovered at home, while 33 had to be hospitalized at some point in their illness. Of the 100 COVID-19 patients, 78 had structural changes to their hearts. Within that group, 76 had a biomarker that is typically found in patients who had a heart attack, and 60 had heart inflammation, called myocarditis. The patients were all “mostly healthy … prior to their illness,” the researchers said. “The patients and ourselves were both surprised by the intensity and prevalence of these findings, and that they were still very pronounced even though the original illness had been by then already a few weeks away,” study co-author Dr. Valentina Puntmann, a consultant physician, cardiologist and clinical pharmacologist at University Hospital Frankfurt in Germany, told UPI.

The second study, also published in JAMA Cardiology, looked at autopsy reports from 39 COVID-19 victims between 78 and 89 years old who died at the start of the pandemic. The researchers found that the virus had infected the heart in 41 percent of the patients. “We see signs of viral replication in those that are heavily infected,” study co-author Dirk Westermann, a cardiologist at the University Heart and Vascular Centre in Hamburg, told Stat. “We don’t know the long-term consequences of the changes in gene expression yet. I know from other diseases that it’s obviously not good to have that increased level of inflammation.” On Sunday, Boston Red Sox pitcher Eduardo Rodriguez confirmed that he won’t yet start the new MLB season because he is dealing with myocarditis, the heart inflammation found in the first study, in the months after he contracted COVID-19. Rodriguez is currently waiting on further MRI results to see if he can play.

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Great moment to annnounce foreigners are welcome again – if they have health insurance.

Brazil Hits Record Daily Coronavirus Cases, Fatalities (R.)

Brazil set daily records on Wednesday for new COVID-19 cases and related fatalities, as the world’s second-worst outbreak hurtles toward the milestone of 100,000 dead amid easing lockdowns. Brazil is the country worst hit by COVID-19 outside of the United States in both its death toll and case count. The 69,074 new confirmed cases and 1,595 additional deaths reported by the Health Ministry pushed the country past 2.5 million infections and 90,000 killed. President Jair Bolsonaro has fought against restrictions on economic activity, and the disease has advanced as governors and mayors have yielded to the pressure. In some cases, Brazilians have packed into bars and crowded public squares without masks, often in defiance of local rules.


Last week, Brazil recorded 7,677 deaths from COVID-19, the most fatalities in any week since the pandemic began, defying repeated predictions that the outbreak had peaked. “Brazil is experiencing the worst phase of the pandemic,” said Alexandre Naime, head of the department of infectious diseases at Sao Paulo State University. “Paradoxically, public policy and personal behavior are going in the opposite direction, as if we are not living through a daily tragedy,” he added. Bolsonaro’s government announced Wednesday that it will lift a ban on foreign travelers flying into the country that has been in place since March, so long as they have health insurance coverage for their trip.

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Piece of advice: you can put him out by the curb now. He’s done. You won’t find even enough stupid Americans to buy into this stuff. 7 months after saying facemasks were not needed, then walking that back, now you need to shield your eyes? Half the nation will just flip him the bird.

Fauci Recommends Eye Protection To Prevent Contracting Coronavirus (Axios)

NIAID director Anthony Fauci told ABC News in an Instagram live discussing the coronavirus pandemic Wednesday evening, “If you have goggles or an eye shield, you should use it.” Eye protection is not currently included in formal guidance on COVID-19. The CDC only advises that health care workers use eye protection “in areas with moderate to substantial community transmission.” After ABC’s Jennifer Ashton asked Fauci if he could envision the point where eye protection would be recommended, he replied: “It might, if you really want perfect protection of the mucosal surfaces.” Fauci noted that eye protection was “not universally recommended, but if you really want to be complete, you should probably use it if you can.” He explained that the coronavirus infects mucosal surfaces, like the nose and mouth, along with the eyes. “Theoretically, you should protect all the mucosal surfaces,” Fauci added.

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Can someone explain what is wrong with a temp extension of unemployment benefits and the eviction ban, given that the sides are miles apart?

Political Talks Stall In US On Next Round Of Coronavirus Spending (AlJ)

Talks between United States congressional leaders and the White House on a next round of coronavirus spending stalled on Wednesday. Treasury Secretary Steven Mnuchin suggested a short-term extension of federal unemployment benefits and a ban on evictions, but Democrats rejected the idea and blamed Republicans for failing rise to the dire moment confronting the nation. “As of now, we’re very far apart,” Mnuchin told reporters at the White House on Wednesday. “And because of that, the president and we have discussed a short-term extension to UI [unemployment insurance] and the evictions so that we have some period to negotiate before this runs out.”

Unemployment insurance benefits of $600 a week and a federal ban on evictions passed by Congress in March and April are expiring at the end of July. Millions of Americans – as much as half the US working population – have lost their jobs because of the coronavirus. Republicans in the US Senate and Democrats in the House of Representatives have proposed between $1 trillion and $3 trillion in new spending to keep the US economy going, but they differ sharply on how to spend the money and on best approaches to the coronavirus pandemic. “We’re looking at a deadline, obviously, of this Friday,” Mnuchin said. “If we can’t reach an agreement by then, the president wants to look at giving us more time to negotiate this.”

The federal government and many state and local governments have imposed temporary bans on evictions, the legal removal of people from their homes when they cannot pay rent or mortgages. The federal eviction ban is expiring, as are many state and local prohibitions on court action to force evictions. “We want to work on the evictions so that people don’t get evicted. We’ll work on the payments for the people. And the rest of it, we’re so far apart, we don’t care. We really don’t care,” Trump said. On Capitol Hill, Democratic leaders rejected the idea of a short-term extension of unemployment benefits and the renewal of the eviction ban and blamed Republicans for failing to put forward adequate proposals to meet the crisis.

“We are not accepting that,” the top Democrat in Congress, House Speaker Nancy Pelosi, said. “We don’t know why the Republicans come around here with a skinny bill that does nothing to address what’s happening with the virus,” Pelosi told reporters at the US Capitol after meeting with Republicans.

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Far from over.

A $10 Trillion Corporate Debt Bomb Is Waiting to Explode the US Economy (NW)

Even before the pandemic reached its height, the IMF was warning in January that the world’s largest economies like the U.S. were unprepared for a slowdown. Fast forward half a year, with millions of lost jobs and thousands of businesses gone bankrupt in the U.S. because of the novel coronavirus, the word slowdown is inadequate to describe the scale and speed of the economic collapse. And the pandemic could yet throw another grenade at the economy: A massive corporate debt explosion. The American economy has lived on debt for a long time. The ratio of the total debt of the government, businesses, and consumers relative to GDP has more than doubled since the 1980s. Record-low interest rates following the 2008 financial crisis further swelled the debt significantly.

U.S. companies owe more than $10 trillion, which is nearly half of the country’s 2019 GDP of $21.5 trillion. Taking other forms of business debt into consideration, including partnerships and small businesses, that figure stands at an eye-watering $17 trillion, the Financial Times reported earlier this month. “This increase in debt has contributed to increased economic volatility, and has left the country in a weakened position to deal with shocks such as the current virus,” Robert Goldberg, associate professor of finance and economics at Adelphi University in New York, told Newsweek. In the last few months, this mountain of corporate debt has been compounded by a once-in-a-century event.

Following the lockdown of state and local economies in March, the corporate debt market froze and there was a slump in the issuance of new bonds, in particular for non-investment grade debt. To get bonds flowing again, the Federal Reserve announced a program to support the corporate debt market, which improved liquidity. The Fed’s move to buy $750 billion in corporate debt, and the Main Street lending program making $600 billion in loans to small and mid-sized companies, helped indebted firms avoid bankruptcy. But it also added to the debt pile. Aimed mostly at the investment-grade debt market, the issuance of non-investment grade debt “has skyrocketed” in the last few months, said David Gulley, professor of economics at Bentley University, Massachusetts. “Long term, however, it’s not clear whether the now highly indebted companies will be able to survive, especially in industries like travel and leisure,” he told Newsweek.

This week, the U.S.Travel Association wrote a letter signed by 14 industry leaders asking President Donald Trump and Congress to expand coronavirus testing to revive the struggling travel sector. The association warned the travel sector may produce $1.2 trillion less for the U.S. economy by the end of 2020 than the previous year. Many other sectors are suffering and businesses will be looking for lifelines. “If the defaults become widespread, credit spreads will increase, making it more expensive for companies to raise money to fund operations,” Gulley said. “Additional business shutdowns and layoffs would occur, potentially on a large scale. The longer the economic problems continue, the more likely it is the defaults will begin to pick up, especially in the non-investment grade sector of the debt market.”

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Co-dependency, a well-known condition in addiction psychology.

China Needs ‘Explosive’ Buying To Meet US Farm Import Target (R.)

With nearly seven months gone, an ambitious $36.5 billion target for Chinese imports of U.S. farm goods this year may not be quite out of reach, but it’s looking like a big, big stretch. By end-May, imports were running behind 2017 levels – rather than 50% ahead as needed – and while orders for China’s main farm import, soybeans, have started to pick up, scorching levels of buying would be needed to hit the mark. Add in a rapid deterioration in U.S.-China relations, an upcoming U.S. election, a global pandemic and questions over just how much soybeans China actually needs, and farmers and analysts say it may be a stretch too far. “It just doesn’t seem likely to me,” said John Payne, senior futures & options broker with Daniels Trading in Chicago.

“If the global economy was more normal then maybe, but you have this whole COVID problem.” Beijing and Washington sealed their Phase 1 trade deal in January after two years of acrimony and a steep slump in imports by one of the biggest buyers of U.S. agricultural goods. Analysts at the time expressed reservations about the farm goods target, which is a quarter above 2013’s all-time high of $29 billion. Still, Chinese buyers stepped up purchases this year of a range of farm imports, sealing record deals in corn and meat imports, prompting some optimism. “If I were to grade them today, we went from a C- to a B, and if it continues maybe we can start to see higher levels. But it needs to be a continual, ongoing affair,” said Dan Basse, president of AgResource Co in Chicago.

The chances of meeting the target will be clear in the next few months. Soybeans typically account for about half of China’s U.S. farm imports and the vast bulk of buying comes in the last three months of the year when supplies from top grower Brazil dry up. After a slow start, Chinese importers booked more than $2.5 billion in U.S. soy purchases in just the past eight weeks. “We may be on the verge of really beginning to ramp up sales to China. I think you’re going to start seeing these chunks of soybean sales happening pretty soon because Brazil’s getting close to sold out,” said John Baize, president of consultancy John C. Baize & Associates.

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Just things they were already doing. Of course they’re not going to use the USD if they can help it. Where it gets interesting is where they can’t help it.

Russia and China Speed Up De-Dollarization Process (RT)

After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time. To give an indication of the scale of the adjustment, just four years ago the greenback accounted for over 90 percent of their currency settlements. According to Moscow daily Izvestia, the share has dropped to 46 percent, tumbling from 75 percent in 2018. The 54 percent of non-dollar trade is made up of Chinese yuan (17 percent), the euro (30 percent), and the Russian ruble (7 percent). The dollar’s reduced role in international trade can mainly be blamed on the ongoing trade war between the US and China.


Relations between the two countries have deteriorated even further in 2020, after US politicians accused Beijing of hiding the severity of Covid-19 and President Donald Trump called disease the “China Virus” and “Kung Flu.” In January, Russian Foreign Minister Sergey Lavrov explained that Moscow is continuing “its policy aimed at gradual de-dollarization” and is looking to make deals in local currencies, where possible. Lavrov called the rejection of the greenback “an objective response to the unpredictability of US economic policy and the outright abuse by Washington of the dollar’s status as a world reserve currency.”

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All in the name of Chevron, the judge appoints a private law firm to take the place of the state. Which then pays the firm $250,000 and counting to harass someone accused of a mere misdemeanor, who’s been under house arrest for a year. Only in America. Well, and the UK perhaps.

Private Feds Cash In on Unusual Contempt Case (CN)

With trial still months away, taxpayers have paid more than a quarter-million dollars to a private law firm deputized by a federal judge to convict an environmental attorney of misdemeanors. That is only one of the many oddities of United States v. Steven Donziger, a criminal contempt case against a lawyer defending a more than $9 billion verdict that he helped Ecuadorean villagers obtain against Chevron for oil contamination in the Amazon rainforest in 2011. “So — the punchline is: The government has spent $254,930 to date prosecuting a misdemeanor,” Donziger’s attorney Zoe Littlepage summarized in an email to her co-counsel and her client. “There has been 1,001 hours of work done.”

Obtained exclusively by Courthouse News, billing records from Donziger’s unusual criminal prosecution show how much the white-shoe law firm Seward & Kissel has collected since being appointed as the “government” roughly a year ago in lieu of the Department of Justice. Those bills, for professional services rendered from August 2019 through the end of May this year, have not come with traditional government rates. The firm already has billed nearly 75 times more than the maximum a court-appointed private criminal defense attorney can collect for defending indigent clients facing misdemeanor allegations, and the private prosecution’s billable hours show no signs of abating.

“DOES ANYONE ELSE FIND THIS UNBELIEVABLE,” Littlepage exclaimed in the email dated Monday. Spanning nearly three decades and continents, the legal saga over Ecuadorean pollution has been filled with surprises. Donziger helped rainforest residents and indigenous groups stun much of the world nearly a decade ago with the defeat of Chevron in Ecuador, and the oil giant’s relentless counterattack took unexpected turns in a quest to discredit that verdict as a product of fraud and racketeering. U.S. District Judge Lewis Kaplan, who ruled for Chevron in 2014, presided over what began as a civil dispute before personally demanding the creation of a criminal one. The Clinton appointee drafted the charge sheet and handpicked the prosecutors. In this next stage, however, it is U.S. District Judge Loretta Preska, the former chief of the Southern District, who reigns.

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Go bankrupt and all claims disappear.

The New Fight to Hold Purdue, the Sacklers Accountable for Opioid Crisis (IC)

When news first broke last September that Purdue Pharma was filing for bankruptcy, many victims of the deadly opioid crisis, for which the company holds immense responsibility, believed there was reason to celebrate. The demise of the privately owned pharmaceutical corporation, the creator of OxyContin, had been the goal of activists, victims, and their families for well over a decade. For those familiar with the vagaries of bankruptcy law, however, it was immediately clear that the Chapter 11 filing was just the latest move by Purdue executives and its owners, members of the Sackler family, to evade justice and dodge accountability.

In filing for voluntary bankruptcy, Purdue was able to shield itself from the 2,600 federal and state lawsuits it was facing for its role flooding the U.S. with prescription opioids, contributing to the deaths of over 450,000 people since 1999. Purdue executives and members of the Sackler family were accused, in case after case, of misleading doctors and patients about the addictive nature of OxyContin, while amassing a multibillion-dollar fortune. The bankruptcy filing invoked an automatic stay of civil litigation against the company. And while the billionaire Sacklers are by no means facing personal bankruptcy, they too have been granted a stay of litigation. If they get their way in court, as they are likely to do, the bankruptcy settlement could shield the Sackler family from all future claims — and influence whether they are subject to criminal liability, too.

The full extent of Purdue’s — and the various Sacklers’ — malfeasance in knowingly creating a mass market in addiction could remain hidden in sealed documents. The move to bury what should be a mass public reckoning in the opaque crevices of bankruptcy court typifies underhanded Sackler marketing practices. In response, those fighting for accountability have been forced to navigate a complex legal terrain in efforts to access even a shred of justice. Individuals who have suffered from opioid addiction or lost loved ones to the Sackler-produced crisis have until the end of July to file claims of wrongful death and “personal injury” — a gross legalistic euphemism — as creditors in the bankruptcy settlement. They should be entitled to resources far greater than the payout will offer.

For numerous survivors, however, the primary demand in their claims is the very thing Purdue’s bankruptcy aims to avoid: transparency. “For many of us who have been in this fight for so long, the money means less,” said Barbara Van Rooyan, who has campaigned against OxyContin’s proliferation since her son’s death from taking a single pill in 2004. “The biggest asset they have is the truth.”

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How can a judge ever have thrown this out?

Court Revives Ashley Judd’s Sexual Harassment Case Vs Harvey Weinstein (R.)

A federal appeals court revived actress Ashley Judd’s sexual harassment lawsuit against disgraced Hollywood producer Harvey Weinstein, saying she could sue under California law over his alleged attempt to help her career in return for sexual favors. The 9th U.S. Circuit Court of Appeals in San Francisco found on Wednesday that Weinstein had considerable power over Judd’s career in 1997, when they held a business meeting at his hotel and the alleged harassment occurred. “By virtue of his professional position and influence as a top producer in Hollywood, Weinstein was uniquely situated to exercise coercive power or leverage over Judd, who was a young actor at the beginning of her career,” the opinion said. The appeals court sent the case back to the lower court for further proceedings.


“This is an important victory not only for Ms. Judd but for all victims of sexual harassment in professional relationships,” said Judd’s lawyer Theodore Boutrous. Weinstein has maintained he never sexually harassed Judd. Weinstein was sentenced to 23 years in prison by a New York state court in March after his conviction for sexual assault and rape, a case that fueled the #MeToo movement. The actress, who was not part of the New York case, sued Weinstein in April 2018 for sexual harassment under a California law barring such conduct in a “business, service or professional relationship.” Last year, U.S. District Court Judge Philip Gutierrez dismissed that claim, finding Judd’s relationship with Weinstein was not covered by the California law. The appeals court found this was a misinterpretation.

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First, it’s obvious that the “reclaiming my time” line came out of a strategy meeting, they didn’t all independently from each other think of it. But that line is reserved for witnesses that try just to fill up time (filibuster), not for interrupting them 5 seconds after you ask them to answer a question. “Jayapal allowed Barr to speak for less than 60 seconds during their six-minute exchange, and he never spoke longer than 10 seconds..”

This was a made for TV show, as were the impeachment hearings. The only way to avoid more of the same would seem to be to not allow cameras in.

House Dems Say Barr Was Sexist, Hostile at Hearing (WFB)

House Democrats Madeleine Dean (Penn.) and Pramila Jayapal (Wash.) accused Attorney General William Barr of being sexist and hostile during his contentious Judiciary Committee testimony on Tuesday. Democrats repeatedly interrupted Barr at the hearing and condemned him as corrupt, racist, and dangerous, but Dean said Wednesday that Barr was “disrespectful” and particularly mistreated women. “We have to hold him accountable to the American people,” Dean said on MSNBC. “You saw his affect yesterday. He was disrespectful, spoke over top of every one of us. In particular, he spoke over women. He was flanked by at least 10 staffers, not a person of color among them…. It was so disrespectful, the way he approached Congress, the way he approached our committee.”

The Washington Free Beacon compiled a montage of Democrats repeatedly saying they were “reclaiming my time” during their testy interactions with Barr on Tuesday. On several occasions, Republicans on the Judiciary Committee gave Barr time during their questioning periods to respond to Democratic charges. Jayapal allowed Barr to speak for less than 60 seconds during their six-minute exchange, and he never spoke longer than 10 seconds without being interrupted by her. Yet she told CNN that she had to control her time, because otherwise Barr might testify too much. “Every witness knows that the way to get away from answering questions is to just be very slow in your answers, to thank the Congress members for that excellent question, to not answer, to obfuscate, because you only have five minutes,” she said.

“You have to take control of your time, because if you don’t, the witness will do it.” She added Barr was a “hostile witness.” Jayapal used much of her time to criticize Barr over the federal dispersal of protesters in Lafayette Park outside the White House on June 1. She accused him of a double standard by not similarly dispersing right-wing protesters at the Michigan State Capitol in May during demonstrations against Gov. Gretchen Whitmer (D.) and her coronavirus lockdown orders. Barr noted the White House is a federal building while Michigan’s capitol falls under the state’s jurisdiction, but Jayapal interrupted to charge him with prioritizing Trump’s “agenda.”

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Talking about HCQ, am I the only one who noticed that the push against it started with “it can kill you”, but now it’s all about “it’s ineffective”? Not deadly anymore then?

Flynn Attorney’s Twitter Account Partially Suspended Over HCQ Tweet (WE)

The Twitter account of Michael Flynn’s lead attorney was partially suspended for promoting the controversial antimalarial drug hydroxychloroquine as a coronavirus treatment. Sidney Powell, a former federal prosecutor who is representing President Trump’s former national security adviser in the government’s case against him, tweeted on Monday that the drug should be “available over the counter” and that it would “prevent and stop it for next to nothing.” Her account became “temporarily limited” shortly after because the platform said that the tweet violated the company’s rules on “spreading misleading and potentially harmful misinformation” related to the coronavirus.


A Twitter spokesperson said that the account was not suspended, which is how Jenna Ellis, a lawyer for Trump’s reelection campaign, broke the news, but that “some” account features would be limited for 12 hours because of the rule violation. Powell confirmed on Tuesday that her account was partially suspended. “Needless to say, that is an outrage,” she told the Washington Examiner. “Twitter should not be deciding what information is allowed. My tweet was based on information from numerous doctors. Congress must revoke the protections afforded these tech titans who must be required to allow free speech. CNN and others are pushing pure propaganda against hydroxychloroquine. It’s really astonishing to see such censorship against the president and others in what is supposed to be a free society.”

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No one had any reason to be there, it was all about the new superseding indictment, and the judge didn’t have it. At least not from the prosecution. It was all for show.

Assange Indictment: Old Wine in Older Bottles (OffG)

The topic of discussion during this administrative hearing was what was announced by the US Department of Justice on June 24, namely the second superseding indictment. That document proved to be a naked exercise of political overreach, adding no further charges to the already heavy complement of eighteen, seventeen of which centre on the US Espionage Act. The scope of interest, however, was widened, notably on the issue of “hacking” and conferencing. Assange is painted as devilish recruiter and saboteur of the international secret order, a man of the conference circuit keen to open up clandestine governments and make various reasons for doing so. According to the charging document, Assange and others at WikiLeaks recruited and agreed with hackers to commit computer intrusions to benefit WikiLeaks.”

Edward Fitzgerald QC, in representing Assange, fulfilled his norm, submitting that the recently revised document did little to inspire confidence in the nature of clarified justice. We are concerned about a fresh request being made at this stage with the potential consequences of derailing proceedings and that the US attorney-general is doing this for political reasons.” Fitzgerald reminded the court that US President Donald Trump had “described the defence case as a plot by the Democrats.” This should have been obvious, but Baraitser’s court would have none of it. To admit at this point that Assange is wanted for political reasons would make it that much harder to extradite him to the United States, given that bar noted in the US-UK Extradition Treaty.

Whilst it was good of Fitzgerald to make this point, he should know by now that his audience is resolutely constipated and indifferent to such prodding. Assange is to be given the sharpest, rather than the most balanced, of hearings. Accordingly, Baraitser insisted that Fitzgerald “reserve his comments” – she, in the true tradition of such processes, had not been supplied, as yet, with the US indictment. This made the entire presence of all the parties at the Westminster Magistrates’ not merely meaningless but decidedly absurd.

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Jul 152020
 


Gas prices, Roosevelt and Wabash, Chicago 1939

 

Study Sees Harmful Effect Of Coronavirus Antibodies In ICU (SCMP)
US Base On Japan’s Okinawa Confirms 36 More Coronavirus Cases (R.)
Fundamentally Unsound (Hussman)
‘Jaw-Dropping’ Global Crash In Children Being Born (BBC)
I Still Believe This Will Be #Ourfinesthour (Ben Hunt)
Bari Weiss: Twitter is Editing the New York Times (ZH)
Eric Weinstein Takes Flamethrower To New York Times (ZH)
Banks Stand To Make $18 Billion In PPP Processing Fees From CARES Act (IC)
Trump Ends Preferential Status For Hong Kong, China Vows Retaliation (R.)
Boeing 737 MAX Cancellations Top 350 Planes In First Half Of 2020 (R.)
Qantas Cancels All International Flights Until March 2021 (ZH)
US Mortgage Delinquencies Suddenly Soar at Record Pace (WS)
Judge Rejects $18.9 Million Harvey Weinstein Sex Abuse Settlement (R.)
Damage to the Soul (Craig Murray)

 

 

We seem to have stopped setting new daily records for now.

 

 

 

 

 

 

 

 

 

 

Tapper

Sessions

 

 

And why not? Let’s make it more confusing, why don’t we? Most if not all vaccine trials are based on observing increased antibodies.

Study Sees Harmful Effect Of Coronavirus Antibodies In ICU (SCMP)

Antibodies generated by the immune system to neutralise the novel coronavirus could cause severe harm or even kill the patient, according to a study by Dutch scientists. Immunoglobulin G (IgG) is a fork-shaped molecule produced by adaptive immune cells to intercept foreign invaders. Each type of IgG targets a specific type of pathogen. The IgG for Sars-CoV-2, the virus causing Covid-19, fights off the virus by binding with the virus’ unique spike protein to reduce its chance of infecting human cells. They usually appear a week or two after the onset of illness, when the symptoms of most critically-ill patients suddenly get worse.

A research team led by Professor Menno de Winther from the University of Amsterdam in the Netherlands said they might have found an important clue that may answer why the IgG appears only when patients are ill enough to be admitted to the intensive care unit (ICU). The scientists found that the blood from Covid-19 patients struggling for their life on ventilators was highly inflammatory. They observed during a series of experiments that it could trigger an overreaction of the immune system, destroy crucial barriers in tissues and cause water and blood to spill over in the lungs. When Winther and his colleagues compared the blood from Covid-19 patients to those battling other diseases in the ICU, they discovered that Covid-19 patients had a disproportionately large amount of Sars-CoV-2-specific IgG.

These antibodies “strongly amplify pro-inflammatory response”, they said in a non-peer-reviewed paper posted on preprint platform bioRxiv.org on Monday. When Winther applied the pure form of these antibodies directly to healthy blood and tissue cells, nothing happened. But when combined with a giant immune cell called macrophage, which forms when the body senses an infection, the IgGs caused the macrophages to implode, releasing a large amount of inflammatory molecules known as cytokines, causing “striking” destruction, said the researchers.

[..] A Chinese government epidemiologist based in Shanghai said the Dutch paper confirmed “what we suspected for a long time”. Several studies from China have also found the destructive role played by the macrophages in severely ill patients and proposed potential drugs that could suppress the cytokine storm. But the roles of antibodies could be more complex than what have been described, according to the researcher. For instance, it remains unclear whether vaccine-induced antibodies, which are supposed to contain some highly specific neutralising IgGs, will have the same effect in the very early stage of infection.

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“36 more COVID-19 cases among U.S. military in #OccupiedOkinawa, bringing the current total to 136. This gives the U.S. military a COVID-19 rate 200 times larger than Okinawa Prefecture.”

US Base On Japan’s Okinawa Confirms 36 More Coronavirus Cases (R.)

Authorities have confirmed 36 more coronavirus infections at Camp Hansen on Japan’s Okinawa, taking to 136 the tally at U.S. military bases on the island, Kyodo News said on Wednesday. The outbreak emerged at the weekend, provoking the anger of the prefecture’s governor, who has called into question the U.S. military’s virus prevention measures.

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Small part of a seemingly endless investor piece.

Fundamentally Unsound (Hussman)

My impression is that while the infectivity of SARS-CoV-2 is likely due to accessory proteins of the virus that knock down respiratory defenses, the lethality of COVID-19 (the resulting disease) is largely due to infiltration and retention of highly inflammatory blood cells into lung tissue, that then degrade, perforate, and cross through the alveolar-capillary barrier. The result is cell damage to alveoli (the air sacs that the lungs use to exchange oxygen with the blood) and to vascular linings, so that fatality is driven by the combination of oxygen deprivation and thrombosis. This is not the flu. In recent weeks, we’ve seen rapid outbreaks in Florida, Texas, and several other states, largely in the same places where protective measures like distancing and masks were disregarded. This isn’t really a “second wave.” It’s more like the start-stop profile of local outbreaks that was predictable even in February.

The only surprise is that it has involved entire states, because somehow, well-understood features of epidemiology and cell biology have become subjects of wildly ignorant political debate. Having written on the urgency of containment beginning on February 2, when the U.S. had only 5 cases and zero deaths, watching this predictable, slow motion train wreck has been excruciating. It is increasingly clear that the primary mode of transmission for SARS-CoV-2 is exhaled air from infected individuals. There’s some evidence that toilet bowls and hospital floors also act as reservoirs for expelled viral particles, but unless you’re regularly sticking your hands into toilet bowls or wiping them on hospital floors, the most likely way to acquire the virus is from expelled air.

The half-life of suspended (“aerosolized”) particles in a room without much ventilation is over an hour, and while some masks clearly provide better filtration than others, even cloth and bandana-type masks substantially reduce the number and distance of expelled particles. So even the crudest mask will reduce the viral load to others. A good analysis of a super-spreading event in Washington State at a Skagit Valley Chorale rehearsal concluded, “the risk of infection is modulated by ventilation conditions, occupant density, and duration of shared presence with an infectious individual.” Exactly. Yet even taking basic protective measures for oneself and others seems to be a problem. When people imagine that not wearing a mask in an indoor public place is somehow an expression of their “individual freedom,” or that it’s “hurting the economy,” they’re not only endangering everyone else – they’re also ensuring that much more stringent measures will be necessary later in order to avoid mass fatalities.

It’s exactly the weak, dismissive response – especially early on, but then encouraged almost daily – that has put U.S. fatalities ahead of every other country on Earth. Indeed, researchers at Harvard recently estimated that “Between 70% and 99% of the Americans who died from this pandemic might have been saved by measures demonstrated by others to have been feasible.” Meanwhile, across 22 countries, there’s an 80% correlation between non-wearing of masks and number of deaths-per-million. That correlation is higher than for the percentage of elderly and the percentage with high body-mass index. Containment measures are critical when and where transmission rates are high.

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A different world.

‘Jaw-Dropping’ Global Crash In Children Being Born (BBC)

The world is ill-prepared for the global crash in children being born which is set to have a “jaw-dropping” impact on societies, say researchers. Falling fertility rates mean nearly every country could have shrinking populations by the end of the century. And 23 nations – including Spain and Japan – are expected to see their populations halve by 2100. Countries will also age dramatically, with as many people turning 80 as there are being born. The fertility rate – the average number of children a woman gives birth to – is falling. If the number falls below approximately 2.1, then the size of the population starts to fall. In 1950, women were having an average of 4.7 children in their lifetime.

Researchers at the University of Washington’s Institute for Health Metrics and Evaluation showed the global fertility rate nearly halved to 2.4 in 2017 – and their study, published in the Lancet, projects it will fall below 1.7 by 2100. As a result, the researchers expect the number of people on the planet to peak at 9.7 billion around 2064, before falling down to 8.8 billion by the end of the century. [..] Japan’s population is projected to fall from a peak of 128 million in 2017 to less than 53 million by the end of the century. Italy is expected to see an equally dramatic population crash from 61 million to 28 million over the same timeframe.


They are two of 23 countries – which also include Spain, Portugal, Thailand and South Korea – expected to see their population more than halve. “That is jaw-dropping,” Prof Christopher Murray told me. China, currently the most populous nation in the world, is expected to peak at 1.4 billion in four years time before nearly halving to 732 million by 2100. India will take its place. The UK is predicted to peak at 75 million in 2063, and fall to 71 million by 2100.

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“We the People? We the Pack.”

I Still Believe This Will Be #Ourfinesthour (Ben Hunt)

Back in early April, I wrote this about our battle with the coronavirus: “There is no country in the world that mobilizes for war more effectively than the United States. And I know you won’t believe me, but I tell you it is true: This will be #OurFinestHour.” Since then, our leaders have totally botched the Covid-19 war-fighting effort. I mean our leaders at every level of government and of every political stripe, and I mean that it has been spectacularly botched. Covid-19 is now endemic within the United States, meaning that it is neither effectively contained nor effectively mitigated. Meaning that it is uncontrolled and uncontrollable. Meaning that tens of thousands of Americans get sick with this disease every day, and between 500 and 1,000 Americans die. Every day.

It didn’t have to be this way. As I write this note, Germany – a large country with a federal political system and the 4th largest economy in the world – is reporting two Covid-19 deaths today. Two. Japan – an even larger country and even larger economy – is reporting one Covid-19 death today. One. But here’s the thing. Yes, our political leaders have been a horror show. God knows I’ve been railing about them for months. But there’s another awful truth at work here. We the people have failed our nation more than the politicians. In fact, I honestly don’t believe we still have a nation. We have a country, of course, but that’s just an administrative thing … here are the borders, here is your social security number, here are the rules for how we do things.

A nation is both less than a country and much, much more. A nation is the meaning of a country. A nation is the embodiment of We the People. It’s not that I think being an American has no meaning. It has a lot of meaning to me. It has a lot of meaning to many people. It has some meaning to almost everyone. It’s that being an American no longer has a shared meaning. [..] I knew that high-functioning sociopath politicians would continue to do their high-functioning sociopath thing, where with one hand they pump out culture-porn telling us that what really matters is our attitude towards Goya beans or Columbus statues, and with the other hand they pump out TRILLIONS of dollars into a money-laundering scheme we like to call “monetary policy”. All while MILLIONS of Americans are getting sick and MILLIONS of Americans are out of a job and TENS OF THOUSANDS of Americans are dead. I just never thought we would embrace this evil – and that’s what it is – in our heart of hearts.

Now this is the law of the jungle, as old and as true as the sky,
And the wolf that shall keep it may prosper, but the wolf that shall break it must die.
As the creeper that girdles the tree trunk, the law runneth forward and back;
For the strength of the pack is the wolf, and the strength of the wolf is the pack.

That’s from a poem by Rudyard Kipling. I know he’s been canceled, but I don’t care. I think he’s great.

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I don’t read the New York Times, and don’t know Bari Weiss. From what I see, I don’t believe Weiss is the finest person on the planet. But she confirms why I don’t read the NYT. In early 2016 I noticed them posting 10 mostly flimsy anti-Trump pieces a day, and I thought: I don’t like Trump, but I don’t need you to make up my mind for me, and that’s what you want to do. Question though: why did it take her another 4.5 years?

Bari Weiss: Twitter is Editing the New York Times (ZH)

The internal schism at the New York Times has claimed yet another staffer, as opinion editor Bari Weiss has left the paper and penned a scorching resignation letter denouncing the Times as nothing more than an echo chamber for ‘woke’ activists masquerading as journalists who believe dissent has no place on the platform. “But the lessons that ought to have followed the election—lessons about the importance of understanding other Americans, the necessity of resisting tribalism, and the centrality of the free exchange of ideas to a democratic society—have not been learned. Instead, a new consensus has emerged in the press, but perhaps especially at this paper: that truth isn’t a process of collective discovery, but an orthodoxy already known to an enlightened few whose job is to inform everyone else”. -Bari Weiss

As a refresher, the Times newsroom erupted in chaos following the decision to publish an Op-Ed by Sen. Tom Cotton (R-AK), in which he suggested that the Trump administration should deploy the military to quell violent race-riots gripping the country following the death of a black suspect while in custody of Minneapolis police. An internal schism formed within the Times, with younger ‘woke’ staffers insisting that such ‘wrongthink’ has no place on the platform, while others defended the decision to publish Cotton’s divergent opinion. In the end, the woke mob won; the Times added an editor’s note conveying regret for publishing it – which was accompanied by the resignation of editorial page editor James Bennett (who Weiss writes ‘led the effort’ to reform the paper after the 2016 election).

Which brings us back to Bari Weiss, who came under intense fire by her NYT colleagues after she laid out what was going on in the newsroom in a Twitter thread, which ultimately defended the decision to publish Cotton’s op-ed. In her Tuesday resignation letter, Weiss excoriated the Times. “My own forays into Wrongthink have made me the subject of constant bullying by colleagues who disagree with my views. They have called me a Nazi and a racist; I have learned to brush off comments about how I’m “writing about the Jews again.” Several colleagues perceived to be friendly with me were badgered by coworkers. My work and my character are openly demeaned on company-wide Slack channels where masthead editors regularly weigh in. There, some coworkers insist I need to be rooted out if this company is to be a truly “inclusive” one, while others post ax emojis next to my name. Still other New York Times employees publicly smear me as a liar and a bigot on Twitter with no fear that harassing me will be met with appropriate action. They never are.” -Bari Weiss

Weiss described the Times as a hostile work environment, and slammed the paper for allowing “this kind of behavior to go on inside your company in full view of the paper’s entire staff and the public.” “Showing up for work as a centrist at an American newspaper should not require bravery,” Weiss writes, adding “But the truth is that intellectual curiosity—let alone risk-taking—is now a liability at The Times.” “Why edit something challenging to our readers, or write something bold only to go through the numbing process of making it ideologically kosher, when we can assure ourselves of job security (and clicks) by publishing our 4000th op-ed arguing that Donald Trump is a unique danger to the country and the world? And so self-censorship has become the norm.

What rules that remain at The Times are applied with extreme selectivity. If a person’s ideology is in keeping with the new orthodoxy, they and their work remain unscrutinized. Everyone else lives in fear of the digital thunderdome. Online venom is excused so long as it is directed at the proper targets.”

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“That is obviously true but I’m sorry we can’t say that here. It will get me strung up.”

Eric Weinstein Takes Flamethrower To New York Times (ZH)

Eric Weinstein, managing director of Thiel Capital and host of The Portal podcast, has gone scorched earth on the New York Times following the Tuesday resignation of journalist Bari Weiss. Weinstein describes how The Times has morphed into an activist rag – refusing to cover “news” unpaletable to their narrative, while ignoring key questions such as whether Jeffrey Epstein’s sex-trafficking ring was “intelligence related.”

“At that moment Bari Weiss became all that was left of the “Paper of Record.” Why? Because the existence of Black Racists with the power to hunt professors with Baseball Bats and even redefine the word ‘racism’ to make their story impossible to cover ran totally counter-narrative. At some point after 2011, the NYT gradually stopped covering the News and became the News instead. And Bari has been fighting internally from the opinion section to re-establish Journalism inside tbe the NYT. A total reversal of the Chinese Wall that separates news from opinion. This is the paper in 2016 that couldnt be interested in the story that millions of Americans were likely lying to pollsters about Donald Trump. The paper refusing to ask the CIA/FBI if Epstein was Intelligence related.

I have had the honor of trying to support both @bariweiss at the New York Times and @BretWeinstein in their battles simply to stand alone against the internal mob mentality. It is THE story all over the country. Our courageous individuals are being hunted at work for dissenting. Before Bari resigned, I did a podcast with her. It was chilling. I‘d make an innocuous statement of simple fact and ask her about it. She‘d reply “That is obviously true but I’m sorry we can’t say that here. It will get me strung up.” That‘s when I stopped telling her to hang on. So what just happened? Let me put it bluntly: What was left of the New York Times just resigned from the New York Times. The Times canceled itself.

As a separate Hong Kong exists in name only, the New New York Times and affiliated “news” is now the chief threat to our democracy. This is the moment when the passengers who have been becoming increasingly alarmed, start to entertain a new idea: what if the people now in the cockpit are not airline pilots? Well the Twitter Activists at the @nytimes and elsewhere are not journalists. What if those calling for empathy have a specific deadness of empathy? Those calling for justice *are* the unjust? Those calling “Privilege” are the privileged? Those calling for equality seek to oppress us? Those anti-racists are open racists? The progressives seek regress? The journalists are covering up the news?

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Anyone surprised?

Banks Stand To Make $18 Billion In PPP Processing Fees From CARES Act (IC)

Banks will make out with $18 billion in fees for processing small business Paycheck Protection Program relief loans during the pandemic, according to calculations by Amanda Fischer, policy director at the Washington Center for Equitable Growth, a progressive economic think tank. That’s money taken directly out of the overall $640 billion pot of funding Congress allocated to the program it created as part of the CARES Act. “If we did it through a public institution, there would be [more than] $140 billion left,” Fischer noted, as opposed to the $130 billion still up for grabs. The Washington Center for Equitable Growth is releasing an analysis of the government response to the pandemic as soon as this week.

The fees compensate the banks for some of the costs that come with processing loans — call center time to handle business owners’ questions, employee hours spent on processing paperwork for both loan and forgiveness applications — and some of the risk they shoulder if any of the loans they extend end up being fraudulent. But there is no credit risk; if business owners who qualified for PPP loans later default, the Small Business Association takes the hit, not the banks. “Basically it’s free money,” Fischer said. For some banks, this money represents a hefty windfall. New Jersey-based Cross River Bank’s estimated $163 million haul would be more than double its net revenue last year. JPMorgan Chase could make $864 million.

The fact that banks are siphoning money off of the relief program is thanks to the fact that the United States had no existing public infrastructure ready to quickly get money out to struggling businesses when the pandemic hit. Fischer characterized it as “a failure of preparedness,” adding, “We should have invested in better systems.” The Small Business Association, which is running the PPP program, has long been criticized for struggling to process emergency relief quickly during past natural disasters. So when the time came to respond to the coronavirus crisis as fast as possible, the SBA was in no position to do it itself, and Congress mandated that the loans be run through banks instead. There weren’t many other options. “It’s hard to build the plane while you’re flying it,” Fischer said.

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Preferential Status for Hong Kong now equals Preferential Status for China. The US doesn’t have much choice.

It was also fun to read that the WHO team will NOT visit the Wuhan lab.

Trump Ends Preferential Status For Hong Kong, China Vows Retaliation (R.)

President Donald Trump on Tuesday ordered an end to Hong Kong’s special status under U.S. law to punish China for what he called “oppressive actions” against the former British colony, prompting Beijing to warn of retaliatory sanctions. Citing China’s decision to enact a new national security law for Hong Kong, Trump signed an executive order that he said would end the preferential economic treatment for the city. “No special privileges, no special economic treatment and no export of sensitive technologies,” he told a news conference. Acting on a Tuesday deadline, he also signed a bill approved by the U.S. Congress to penalize banks doing business with Chinese officials who implement the new security law.


“Today I signed legislation, and an executive order to hold China accountable for its aggressive actions against the people of Hong Kong, Trump said. “Hong Kong will now be treated the same as mainland China,” he added. Under the executive order, U.S. property would be blocked of any person determined to be responsible for or complicit in “actions or policies that undermine democratic processes or institutions in Hong Kong,” according to the text of the document released by the White House. It also directs officials to “revoke license exceptions for exports to Hong Kong,” and includes revoking special treatment for Hong Kong passport holders.

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A 737 MAX costs $110 million a piece.

Boeing 737 MAX Cancellations Top 350 Planes In First Half Of 2020 (R.)

Boeing customers canceled orders for 355 of its 737 MAX jets in the first half of 2020, the U.S. planemaker said on Tuesday, as the damage done by the jet’s grounding and the coronavirus crisis to the airline industry continued to mount. The planemaker, which has now been striving to get its once best-selling MAX planes back in the air for more than a year after two fatal crashes led to its grounding, said airlines and leasing companies canceled another 60 orders for the jet last month. Deliveries in the first half of the year also sank by 71% to just 70 planes as customers canceled or deferred shipments due to the collapse in air travel from coronavirus-led travel restrictions.


Deliveries are financially important to planemakers because airlines pay most of the purchase price when they actually receive the aircraft. Boeing said it handed over 10 aircraft in June, up from four planes in May, and six jets in April. [..] After adjusting for jets ordered in previous years but unlikely to be delivered currently, Boeing has now lost 784 net orders this year, rising from a loss of 602 net orders as of May end.

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Since Rainman, Qantas has been known for its safety.

Qantas Cancels All International Flights Until March 2021 (ZH)

The prospects for a V-shaped recovery in airlines are looking dim. The latest indication of how slow things are getting back to normal in the industry is Australian-based Qantas Airlines pulling all of its international flights off its website this week. The airline is cancelling routes to New Zealand until September 1 and flights to other international destinations have been cancelled until March 28, 2021 – nearly another year away – according to the Daily Mail. “All international and sale flights have been removed from the website until further notice due to the coronavirus pandemic,” a spokesperson for the airline said. “There are some international flights in the system but they are not currently operating.”

Flights are still available through the airline’s partner airlines like Emirates, British Airways and Cathay Pacific. But Qantas wants to prevent new bookings from being made on its own airline. Flights that have already been booked will proceed as planned. The move comes weeks after the airline cut 6,000 jobs, representing 20% of its workforce. The company’s CEO has also predicted that international flights wouldn’t resume until July 2021. “We have never experienced anything like this before – no-one has. All airlines are in the biggest crisis our industry has ever faced,” he said last month. “Revenues have collapsed, entire fleets are grounded and the world biggest carriers are taking extreme action just to survive.”

The decision to halt international flights comes after the airline’s decision to also ground its double decker A380 planes for at least three years and to retire six Boeing 747s. Trade Minister Simon Birmingham said in June that Australia’s borders would probably remain closed for another 4 months.

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US housing is under serious threat. That’s a serious theat to the entire banking system. Which will be bailed out.

US Mortgage Delinquencies Suddenly Soar at Record Pace (WS)

OK, it’s actually worse. Mortgages that are in forbearance and have not missed a payment before going into forbearance don’t count as delinquent. They’re reported as “current.” And 8.2% of all mortgages in the US – or 4.1 million loans – are currently in forbearance, according to the Mortgage Bankers Association. But if they did not miss a payment before entering forbearance, they don’t count in the suddenly spiking delinquency data. The onslaught of delinquencies came suddenly in April, according to CoreLogic, a property data and analytics company (owner of the Case-Shiller Home Price Index), which released its monthly Loan Performance Insights today. And it came after 27 months in a row of declining delinquency rates. These delinquency rates move in stages – and the early stages are now getting hit:

Transition from “Current” to 30-days past due: In April, the share of all mortgages that were past due, but less than 30 days, soared to 3.4% of all mortgages, the highest in the data going back to 1999. This was up from 0.7% in April last year. During the Housing Bust, this rate peaked in November 2008 at 2%: From 30 to 59 days past due: The rate of these early delinquencies soared to 4.2% of all mortgages, the highest in the data going back to 1999. This was up from 1.7% in April last year. From 60 to 89 days past due: As of April, this stage had not yet been impacted, with the rate remaining relatively low at 0.7% (up from 0.6% in April last year). This stage will jump in the report to be released a month from now when today’s 30-to-59-day delinquencies, that haven’t been cured by then, move into this stage.


Serious delinquencies, 90 days or more past due, including loans in foreclosure: As of April, this stage had not been impacted, and the rate ticked down to 1.2% (from 1.3% in April a year ago). We should see the rate rise in two months and further out. Overall delinquency rate, 30-plus days, jumped to 6.1%, up from 3.6% in April last year. This was the highest overall delinquency rate since January 2016 (on the way down). These delinquency rates are the first real impact seen on the housing market by the worst employment crisis in a lifetime, with over 32 million people claiming state or federal unemployment benefits. There is no way – despite rumors to the contrary – that a housing market sails unscathed through that kind of employment crisis.

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How sick is that US “justice system”? “..it would leave Weinstein’s victims with typical awards of just US$10,000 to US$20,000, while setting aside US$15.2 million for defence costs..”

Judge Rejects $18.9 Million Harvey Weinstein Sex Abuse Settlement (R.)

A US judge on Tuesday rejected a proposed US$18.9 million civil settlement for women who claimed they were subjected to sexual abuse and workplace harassment by the disgraced movie producer Harvey Weinstein. US District Judge Alvin Hellerstein in Manhattan said the preliminary settlement would be unfair to women who Weinstein raped or sexually abused, because it treated them no different from women who had merely met him. He also criticised a plan to set aside money to help Weinstein and the board of his former studio pay defence costs. “The idea that Harvey Weinstein could get a defence fund ahead of the plaintiffs is obnoxious,” Hellerstein said at a hearing.


A settlement would have resolved class-action litigation by Weinstein accusers, and New York Attorney General Letitia James’ lawsuit accusing Weinstein, his brother Bob Weinstein and their bankrupt Weinstein Co of maintaining a hostile work environment. Elizabeth Fegan, a lawyer representing nine Weinstein accusers, had argued that “all of the women were in the zone of danger” created by Weinstein, justifying class-action treatment. [..] James’ office will review the decision. “Our office has been fighting tirelessly to provide these brave women with the justice they are owed and will continue,” a spokeswoman said. The settlement drew objections from women who said it would leave Weinstein’s victims with typical awards of just US$10,000 to US$20,000, while setting aside US$15.2 million for defence costs. Douglas Wigdor, a lawyer representing six objectors, said he was pleased Hellerstein “swiftly rejected the one-sided proposal.”

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Talk about a sick justice system.

The format of Craig’s article is a bit hard to rhyme with that of the Debt Rattle. I tried. Do read the whole thing.

‘To have extradition decided on the merits of one indictment when the accused actually faces another is an outrage. To change the indictment long after the hearing is underway and defence evidence has been seen is an outrage. The lack of media outrage is an outrage.’

Damage to the Soul (Craig Murray)

In a truly extraordinary twist, Assange is now being extradited on the basis of an indictment served in the UK, which is substantially different to the actual indictment he now faces in Virginia if extradited. The Assange hearing was adjourned after its first full week, and its resumption has since been delayed by coronavirus. In that first full week, both the prosecution and the defence outlined their legal arguments over the indictment. [..] this is about switching to charges firmly grounded in “hacking”, rather than in publishing leaks about appalling American war crimes. The new indictment is based on the evidence of a “supergrass”, Sigurdur Thordarson, who was acting a a paid informant to the FBI during his contact with Wikileaks.

Thordarson is fond of money and is a serial criminal. He was convicted on 22 December 2014 by Reykjanes District Court in Iceland of stealing over US $40,000 and over 13,000 euro from Wikileaks “Sunshine Press” accounts by forging documents in the name of Julian Assange, and given a two year jail sentence. Thordarson is also a convicted sex offender, and was convicted after being turned in to the police by Julian Assange, who found the evidence – including of offences involving a minor – on Thordarson’s computer. There appears scope to doubt the motives and credentials of the FBI’s supergrass. The FBI have had Thordarson’s “Evidence” against Assange since long before the closing date for submissions in the extradition hearing, which was June 19th 2019.


That they now feel the need to deploy this rather desperate stuff is a good sign of how they feel the extradition hearing has gone so far, as an indicator of the prospects of a successful prosecution in the USA. [..] Then, to our amazement, the prosecution did not put forward the new indictment at the procedural hearing at all. To avoid these problems, it appears they are content to allow the extradition hearing to go ahead on the old indictment, when that is not in fact the indictment which awaits Assange in the United States. This is utterly outrageous. The prosecution will argue that the actual espionage charges themselves have not changed. But it is the indictment which forms the basis of the extradition hearing and the different indictment which would form the basis of any US prosecution.

Read more …

 

 

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Andreas Feininger Production B-17 heavy bomber at Boeing plant, Seattle Dec 1942

 

The Fall of Wuhan (Ben Hunt)
40-70% Of People Will Be Infected With COVID19 – Epidemiologist (Atl.)
Xi Jinping Rings Alarm On Economy As China Shifts Priority To Growth (SCMP)
Confusion In Wuhan As Move To Ease Coronavirus Lockdown Is Reversed (SCMP)
How Iran’s Death Toll Came To Be The Highest Behind Only China (SCMP)
China Overestimating Economic Recovery By Leaving Out Small Businesses (SCMP)
South Korea To Test 200,000 Sect Members As Pandemic Fears Hit Markets (G.)
Virus Spreads Despite Best Efforts Of Top Healthcare Systems (Fox)
Closures Reveal Vast Scale Of China’s Secretive Wildlife Farm Industry (G.)
Why Didn’t We See That Coming? (Kunstler)
Airline Stocks Tumble As Coronavirus Spreads Outside Of China (CNBC)
Weinstein To Face 8 More Allegations After New York Verdict (G.)
US Proposals To Whitewash Idlib Terrorists Unacceptable – Lavrov (RT)
Julian Assange ‘Suicide Risk’ If Extradited From UK To US – Lawyer (SCMP)
Assange Fight Draws In Trump’s New Intel Chief (Pol.)
Julian Assange ‘At High Risk Of Suicide’ If Extradited To US -Lawyer (Ind.)

 

 

Now that the MSM is slowly and finally waking up to the reality of the virus, the information to read and post and comment on, becomes overwhelming. Last week I twice took out the virus-related info to include in separate articles (Virus Rattles if you will), but today I need the extra time doing that involves, for other things.

Still, one observation: yesterday, we saw the highest daily death toll of the entire crisis. Today, we see the lowest. As Xi is pushing hard for the economy. Credibility remains a major issue.

 

Cases 80,328 (+ 621 from yesterday’s 79,707).

Deaths 2,707 (+ 81 from yesterday’s 2,626)

 

From SCMP:

 

 

 

 

From Worldometer:

 

 

Ben Hunt keeps his eyes on the ball:

“..build dedicated treatment wards before they’re required..”

“..protect healthcare professionals before they get sick..”

“..update our testing and diagnostic capabilities before they are swamped..”

“..bolster our healthcare systems BEFORE the need overwhelms the capacity..”

The Fall of Wuhan (Ben Hunt)

Last week I wrote about the corrupt political response of the World Health Organization to COVID-19. This week I’m writing about the corrupt political response of the United States to COVID-19. Because it’s happened before. In August 2005, the city of New Orleans fell. New Orleans did not fall because of Hurricane Katrina. New Orleans fell because of the corrupt political response to Hurricane Katrina. “We can stabilize the situation. Again, I want to thank you all. Brownie, you’re doing a heckuva job!” – President George W. Bush. In January 2020, the city of Wuhan fell. Wuhan did not fall because of COVID-19. Wuhan fell because of the corrupt political response to COVID-19.

“Wuhan is a heroic city, and people of Hubei and Wuhan are heroic people who have never been crushed by any difficulty and danger in history. All regions and departments performed their duties actively and conscientiously.” – Xi the Commander (no, I am not making this up; this is how the Xinhua news service describes him now … “Xi the Commander”) A corrupt political response is always the same. It never changes in form. It never changes in function. A corrupt political response occurs when a political leader sacrifices national interest for regime or bureaucratic interest … when a constructed narrative of “Yay, Calm and Competent Control!” is maintained for the political benefit of the Leader at the expense of the Led.

Oh, the Leader and his flunkies will convince themselves that the narrative “is in the public interest” … that the narrative will “buy them time” … that the narrative is necessary because “the other side” would do the same or worse if given half a chance. It’s all the excuses that all the Renfields to all the professional politicians tell themselves as they slowly sell their souls. It’s what every President and every Director-General and every Senator and every CEO eventually comes to believe, that their personal interests are identical to “their” people’s interests.

[..] Every once in a very great while, an honest-to-god crisis reveals the political self-interest and mendacity behind your carefully constructed narrative of “Yay, Calm and Competent Control!” . Like the fall of New Orleans revealed George W. Bush. Like the fall of Wuhan revealed Xi Jinping. What we must prevent today is the NEXT city to fall. We must prevent the fall of Daegu. We must prevent the fall of Qom. We must prevent the fall of Milan. Looking ahead, we must prevent the fall of Yokohama. We must prevent the fall of San Francisco. Because containment has failed. What we’re seeing in South Korea, Iran and Italy is what exponential disease propagation looks like in the real world. Real world data is spiky. Real world data is messy. Real world exponential growth looks like nothing, nothing, nothing … then cluster, cluster, cluster … then BOOM!

[..] Containment has failed. And so now we must fight. As individuals that means social distancing. As individuals that means doing what we can to stay healthy and prepare for a storm. As a nation that means a war-footing to build dedicated treatment wards before they’re required, to protect healthcare professionals before they get sick, to update our testing and diagnostic capabilities before they are swamped … to do everything possible to bolster our healthcare systems BEFORE the need overwhelms the capacity. Above all, that means calling out our leaders for their corrupt political responses to date, and forcing them through our outcry to adopt an effective virus-fighting policy for OUR benefit, not theirs. We got this.

Read more …

2nd-3rd scientist saying this. By then mortality rate will likely be 1% or so. But 1% of a huge number is a huge number in itself.

40-70% Of People Will Be Infected With COVID19 – Epidemiologist (Atl.)

The Harvard epidemiology professor Marc Lipsitch is exacting in his diction, even for an epidemiologist. Twice in our conversation he started to say something, then paused and said, “Actually, let me start again.” So it’s striking when one of the points he wanted to get exactly right was this: “I think the likely outcome is that it will ultimately not be containable.” [..] Lipsitch predicts that, within the coming year, some 40 to 70 percent of people around the world will be infected with the virus that causes COVID-19. But, he clarifies emphatically, this does not mean that all will have severe illnesses. “It’s likely that many will have mild disease, or may be asymptomatic,” he said. As with influenza, which is often life-threatening to people with chronic health conditions and of older age, most cases pass without medical care. (Overall, around 14 percent of people with influenza have no symptoms.)

Lipsitch is far from alone in his belief that this virus will continue to spread widely. The emerging consensus among epidemiologists is that the most likely outcome of this outbreak is a new seasonal disease—a fifth “endemic” coronavirus. With the other four, people are not known to develop long-lasting immunity. If this one follows suit, and if the disease continues to be as severe as it is now, “cold and flu season” could become “cold and flu and COVID-19 season.” At this point, it is not even known how many people are infected. As of Sunday, there have been 35 confirmed cases in the U.S., according to the World Health Organization. But Lipsitch’s “very, very rough” estimate when we spoke a week ago (banking on “multiple assumptions piled on top of each other,” he said) was that 100 or 200 people in the U.S. were infected.

That’s all it would take to seed the disease widely. The rate of spread would depend on how contagious the disease is in milder cases. On Friday, Chinese scientists reported in the medical journal JAMA an apparent case of asymptomatic spread of the virus, from a patient with a normal chest CT scan. The researchers concluded with stolid understatement that if this finding is not a bizarre abnormality, “the prevention of COVID-19 infection would prove challenging.” Even if Lipsitch’s estimates were off by orders of magnitude, they wouldn’t likely change the overall prognosis. “Two hundred cases of a flu-like illness during flu season—when you’re not testing for it—is very hard to detect,” Lipsitch said. “But it would be really good to know sooner rather than later whether that’s correct, or whether we’ve miscalculated something.

The only way to do that is by testing.” Originally, doctors in the U.S. were advised not to test people unless they had been to China or had contact with someone who had been diagnosed with the disease. Within the past two weeks, the CDC said it would start screening people in five U.S. cities, in an effort to give some idea of how many cases are actually out there. But tests are still not widely available. As of Friday, the Association of Public Health Laboratories said that only California, Nebraska, and Illinois had the capacity to test people for the virus.

Read more …

The sleight of hand used to argue for factories restarting: “Xi said that as many as 1,396 counties and districts, some 46% of the nation’s total, had not reported a single confirmed case of the coronavirus.”

Xi Jinping Rings Alarm On Economy As China Shifts Priority To Growth (SCMP)

President Xi Jinping has rung the alarm bell on China’s economic growth as worries mount over the coronavirus’ impact on the economy, unemployment and global supply chains. Speaking on Sunday, Xi made it clear that the priority for most of the country was to get the world’s second biggest economy up and running after extensive delays. “It is unavoidable that the novel coronavirus epidemic will have a considerable impact on the economy and society,” said Xi in a lengthy televised address that was watched by as many as 170,000 officials and published by state news agency Xinhua. But Xi, China’s most powerful leader in decades, added the country’s social and economic system “can’t be paused for a long”.


The edited version of Xi’s speech was published soon after it was delivered, reflecting the urgency of the guidelines. Containment measures including mandatory quarantine for workers, partial shutdowns of factories and transport restrictions have caused significant disruptions to the economy, which was already growing at record low levels before the virus outbreak. Xi said that as many as 1,396 counties and districts, some 46 per cent of the nation’s total, had not reported a single confirmed case of the coronavirus. These low-risk zones, along with areas with only a small number of infections, should “comprehensively restore production” and life as usual, he said. “Medium-risk” regions should resume production in an “orderly manner”, while the priority for hard-hit areas like Hubei, the province at the centre of the outbreak, was still containing the virus, he said.

Read more …

Comments about Wuhan from the video:

• 40 portable incinerators X 30 corpses/incinerator/day = 1,200 corpses/day
• 100 additional portable incinerators ordered
• In addition to 47 crematories running in full capacity
• Another 1MM incinerators on the way!

And people tell me I’m exaggerating!

Confusion In Wuhan As Move To Ease Coronavirus Lockdown Is Reversed (SCMP)

Just three hours after announcing that visitors trapped in Wuhan – the Chinese city at the heart of the coronavirus epidemic – could leave on Monday, authorities reversed the decision, saying it had been made without approval. The local government revoked the notice it said had been issued by a subordinate working group from the city’s disease control command centre without approval from their superiors. “The centre, headed by Wuhan mayor Zhou Xianwang, said the officials who had issued the order without authorisation had been reprimanded. “Wuhan resolutely adheres to the spirit of Chinese President Xi [Jinping] … strictly controls every exit from Wuhan and the management of personnel, in order to prevent the spread of the [coronavirus],” it said in a statement retracting the earlier notice.

Extreme lockdown measures have been in place in Wuhan – capital of Hubei and home to 11 million people – since January 23, with all residential areas quarantined and roads and transport links closed. The retracted order would have allowed non-residents who did not have symptoms of the virus and had not had contact with infected patients to leave the city. It had also said locals involved in disease control efforts or essential daily services such as utilities and the delivery of necessities, as well as those who needed specialist medical treatment outside Wuhan, could leave without permission.

[..] More than 75 per cent of deaths in China from the new coronavirus – which causes a disease known as Covid-19 – have been in Wuhan, where the outbreak is believed to have originated in December. [..] According to Taoran Notes, a social media account affiliated with the official Economic Daily newspaper, the earlier notice had been issued by one of Wuhan’s five deputy mayors without authorisation, but it did not name the official.

Read more …

600 “official” cases, 50 deaths. That rhymes with Worldometer’s 9% mortality rate. But sure, it could also mean a huge amount of undetected or unconfirmed cases.

How Iran’s Death Toll Came To Be The Highest Behind Only China (SCMP)

Iran has been thrust to the forefront of rising global concern about the spread of the novel coronavirus after reporting by far the most deaths of any country apart from China. Iranian health officials have confirmed 12 deaths from the Covid-19 disease among 61 cases in the country, while a parliamentarian representing the city at the centre of the outbreak in the country has claimed the death toll stands at 50. Either figure would dwarf death tolls in South Korea, Japan and Italy, until now the most severely-affected countries outside China…

After insisting as recently as last week that the country had no cases of the coronavirus, Iranian authorities on February 19 confirmed the deaths of two elderly people in the city of Qom, about 145km south of the capital Tehran, followed by more fatalities in subsequent days. On February 24, officials raised the death toll to 12, from eight the previous day – making the outbreak in Iran the deadliest outside China. Ahmad Amirabadi Farahani, a lawmaker for the city of Qom, said on the same day there had been in fact 50 deaths, claiming the government was late to announce the outbreak and his city was ill-equipped to deal with the public health emergency.

Deputy Health Minister Iraj Harirchi disputed those claims in a press conference on state television, pledging to resign if the death toll was even one-quarter of the higher figure. [..] After officials earlier speculated about possible sources of the outbreak including Chinese workers and pilgrims from Pakistan, Iran’s health minister Saeed Namaki on Sunday said the contagion was believed to be linked to a merchant from Qom who regularly travelled between Iran and China. The Iranian, who died from the virus, had been using indirect flights to get around a ban on direct flights between the countries introduced at the end of January.

[..] The disproportionately high fatality rate in Iran’s official figures – with about one in five of those infected succumbing to the virus, compared to one in 50 in China – has been taken by some experts as a sign the true number of cases in the country is far higher than currently known. Assuming a fatality rate of about 2 per cent, the official death toll so far would translate into about 600 cases overall in Iran, about 10 times the current count.

Read more …

More sleight of hand. I’ve been saying for a long time that it’s sbout SMEs, not Apple suppliers. Small firms account for at least 80% of jobs.

China Overestimating Economic Recovery By Leaving Out Small Businesses (SCMP)

China’s economic recovery amid the coronavirus outbreak has likely been overstated as data only covers larger companies and excludes the vast majority of the smaller workshops and manufacturers. [..] On Monday, National Development and Reform Commission spokesman Cong Liang said that over 90 per cent of industrial enterprises in Zhejiang province, one of the country’s top manufacturing bases, had resumed operation. According to Cong, over 70 per cent of production in the manufacturing and export hubs of Guangdong, Jiangsu, Shandong and Liaoning had also restarted. However, the official figures only cover larger firms, namely enterprises with capacities “above state designated sizes”, which are enterprises that have a minimum annual turnover of 20 million yuan (US$2.85 million), according to the government’s official definition.


China’s state statistics system normally only covers industrial enterprises with an annual turnover above this level as they accounted for around 90 per cent of the nation’s output in terms of value. In addition, the figures concerning firms that have resumed operation overlook the level of production within a specific factory, as the official data classes a factory that may have only resumed slightly more than half of its capacity as having resumed production. [..] The smaller firms, for example, are often unable to met virus prevention conditions set by local governments, including having enough facial masks for employees. A monthly survey of small and medium-sized enterprises (SMEs) in China, conducted by Standard Chartered Bank for the period up to the start of last week, found that firms were on average operating at 42 per cent, while only 47 per cent of workers had returned on average.

Read more …

Please imagine how you would test 200,000 people. Do they really have that many test kits? Where do they buy them?

South Korea To Test 200,000 Sect Members As Pandemic Fears Hit Markets (G.)

South Korea has stepped up its “maximum measures” to contain the coronavirus with plans to test around 200,000 members of a secretive church believed to be at the centre of the country’s outbreak. Along with an emergency budget and a crackdown on the hoarding of face masks, the government in Seoul will test members of the Shincheonji Church of Jesus after its founder agreed to provide authorities with the names of all its members in the country. It came as financial markets saw more heavy losses across Asia Pacific on Tuesday over fears the coronavirus was spreading more widely from China and will cause disruption in countries such as South Korea, the world’s 12th biggest economy.

The Nikkei in Tokyo was down 3.3% while the Shanghai Composite sank 2%. Stocks in Australia fell 1.6% and Hong Kong was also in the red although futures trading pointed to a recovery later in the day in European and US markets. In Japan, a fourth person from the Diamond Princess cruise ship died and the country’s education minister said schools with reported coronavirus cases should be temporarily closed. Koichi Hagiuda told reporters on Tuesday that education boards of Hokkaido in northern Japan and Chiba City near Tokyo have been told to take this preventive measure, NHK says.

In China, where 71 new deaths and 508 new cases were reported on Tuesday, health officials said strict control and prevention measures would remain in place in Hubei province, the epicentre of the global outbreak. The national health commission added it would also strictly control the outbound movement of people in Wuhan and other cities in Hubei province with existing traffic controls. At Tianjin University, near Beijing, scientists said they had developed an oral vaccine for Covid-19. The professor who led the project, Huang Jinhai, said the vaccine could also serve as a potential therapy for infected patients. Chinese state media said the university was looking for partners to run clinical trials.

Read more …

” South Korea has a fantastic health care system. They tested over 20,000 people and ended up with over 800 positive cases. That’s showing that this is a highly contagious virus..”

Virus Spreads Despite Best Efforts Of Top Healthcare Systems (Fox)

Fears of a global pandemic continue to grow as coronavirus cases spike in several countries, including Italy, South Korea and Iran, as the U.S. stock market nosedived early Monday. A staggering 50 people died in the Iranian city of Qom from the new coronavirus in the month of February, Iran’s semiofficial ILNA news agency reported on Monday. The new death toll is significantly higher than the latest number of confirmed cases that Iranian officials had reported just a few hours earlier, which stood at just 12 deaths out of 47 cases, according to state TV. The 50 deaths date back as far as Feb. 13, according to an Iranian official. Iran previously reported its cases and deaths from the virus on Feb. 19.


Authorities are struggling to contain and understand the outbreak in those countries, where infected cases have skyrocketed as they have increased over 2,000 percent in the past couple of weeks. Italy is considered the site of Europe’s first major outbreak and the largest outside of Asia. The number of infected cases jumped to 152, compared to just three 10 days ago. Siegel told anchor Ed Henry that it’s even “more concerning” to hear there are more than 800 cases reported in South Korea. “I’ve been saying that it’s all about health care infrastructure, that China doesn’t have it, we have it, other Western countries have it. Well, guess what, South Korea has a fantastic health care system. They tested over 20,000 people and ended up with over 800 positive cases. That’s showing that this is a highly contagious virus that is spreading despite the best efforts of top health systems to contain it,” he said.

Read more …

China is also the main market for many endangered species from elsewhere in the world. Can we please stop that too? Just boycott the country for allowing rhino, tiger and elephant body parts trade. Full boycott. Here’s our chance..

Closures Reveal Vast Scale Of China’s Secretive Wildlife Farm Industry (G.)

Nearly 20,000 wildlife farmsraising species including peacocks, civet cats, porcupines, ostriches, wild geese and boar have been shut down across China in the wake of the coronavirus, in a move that has exposed the hitherto unknown size of the industry. Until a few weeks ago wildlife farming was still being promoted by government agencies as an easy way for rural Chinese people to get rich. But the Covid-19 outbreak, which has now led to over 1,800 deaths and more than 72,000 known infections, is thought to have originated in wildlife sold at a market in Wuhan in early December, prompting a massive rethink by authorities on how to manage the trade. China issued a temporary ban on wildlife trade to curb the spread of the virus at the end of January and began a widespread crackdown on breeding facilities in early February.


The country’s top legislative officials are now rushing to amend the country’s wildlife protection law and possibly restructure regulations on the use of wildlife for food and traditional Chinese medicine. The current version of the law is seen as problematic by wildlife conservation groups because it focuses on utilisation of wildlife rather than its protection. “The coronavirus epidemic is swiftly pushing China to reevaluate its relationship with wildlife,” Steve Blake, chief representative of WildAid in Beijing, told the Guardian. “There is a high level of risk from this scale of breeding operations both to human health and to the impacts on populations of these animals in the wild.” Further instructions from the National People’s Congress are expected next week to give authorities more tools to enforce the ban and restrict trade until the law is amended.

Read more …

“The China boom was a lot like the shale oil “miracle.” They were both great stunts. They produced a lot of stuff by borrowing from the future. Now we have all that stuff and we have to maintain it, keep if running, borrow more money to make that happen… and suddenly, that’s no longer plausible. ”

Why Didn’t We See That Coming? (Kunstler)

And now the Corona virus steps onstage to ramify that situation, beginning with a virtual shut-down of the excessively complex, over-engineered, just-in-time global economy. Things are not being produced and supply lines are shutting down. Car-makers outside China have a couple of weeks before their production lines halt for a lack of parts. But, of course, every other industry will have similar problems and stoppages. Many working Americans are barely getting by from one paycheck to the next. How many missed paychecks will it take for genuine hunger to kick in and desperation with it? We don’t know because the US news media has been busy conjuring the many loves of Vlad Putin.

This is getting serious now. Some of you may have noticed this morning that the stock indexes are heading into the worst open in years. Today, Mr. Market woke up, like Rip Van Winkle, and discovered that the world changed while he was sleeping. There’s a fair chance that the conditions of daily life in America will deteriorate sharply in the months ahead. We’ve been remote-viewing the empty streets of Wuhan and other Chinese cities since January, thinking it was like one of our cable-network horror shows. It’s not inconceivable that an American City, or more than one, will be subject to quarantine, or that a whole lot of people just won’t leave their houses for a period of time. Will the truckers still truck things that people need? We don’t know. How do you hold a political convention in a situation like that, or even an election?

The situation in China may be too far gone already. The country’s finances were a gigantic game of pretend. In the old Soviet Union, beloved by Bernie, the joke was, “they pretend to pay us, and we pretend to work” — not a great formula for enduring prosperity. In China, the updated joke was “we pretend to make loans, and you pretend to pay them back.” The China boom was a lot like the shale oil “miracle.” They were both great stunts. They produced a lot of stuff by borrowing from the future. Now we have all that stuff and we have to maintain it, keep if running, borrow more money to make that happen… and suddenly, that’s no longer plausible. The entire industrialized world has fallen for the debt stunt. Observers have been waiting to see what would finally provoke the unwinding of massive false promises. Looks like the wait is over.

Read more …

Gee, what a surprise.

Airline Stocks Tumble As Coronavirus Spreads Outside Of China (CNBC)

Airline stocks fell Monday as fears about the spread of the coronavirus beyond China added to worries about travel demand and the broader economy, despite a drop in fuel prices. American Airlines shares led the S&P 500 lower with an 9.8% slide in midday trading, hitting a more than four-month low. Delta Air Lines’ stock lost 7.2% to the lowest price in nearly four months, while United Airlines was off 4.3%. All U.S. airline stocks were down more sharply than the broader market. The S&P 500 fell 2.6%. Close to 80,000 cases of the virus, now known as COVID-19, have been reported along with at least 2,621 deaths. Cases outside of China, where most of the infections are located, have increased, with Italy reporting more than 220 and South Korea confirming more than 830.


Ireland’s Department of Foreign Affairs and Trade warned citizens not to travel to affected areas, helping drive down shares of European carriers. Budget airline easyJet lost more than 16% while rival Ryanair was down 12%. Deutsche Lufthansa fell 8.8%, British Airways’ parent, International Consolidated Airlines Group, was off 9% and Air France-KLM fell 8.4%. More than 200,000 flights to, from and within China have already been canceled because of the virus, according to aviation consulting firm Cirium, and more disruptions are possible if the virus continues to spread. The coronavirus is expected to eat into carriers’ revenue this year. Air travel demand globally is set to fall for the first time since 2009 and cost airlines some $29 billion — mostly in the Asia-Pacific region — in revenue, the International Air Transport Association warned last week.

Read more …

Weinstein still has plenty money to pay for whoever he wants. They couldn’t get him on the most serious charges. Just throw away the key.

Weinstein To Face 8 More Allegations After New York Verdict (G.)

The verdict in the New York case against Harvey Weinstein is only the beginning of the movie mogul’s prosecution, with separate charges against the disgraced producer ahead in Los Angeles. In the most high-profile trial of the #MeToo movement yet, a New York jury on Monday found Weinstein guilty of third-degree rape for an attack in a New York hotel and guilty of a criminal sex act for forcing oral sex on a former television production assistant. The fallen titan of Hollywood, who was taken away in handcuffs, could face 25 years in prison and will have to register as a sex offender. Next, Weinstein is due to face a criminal case in LA, which stems from investigations by law enforcement in southern California into eight allegations.


LA prosecutors have filed charges for two incidents that allegedly occurred within a two-day period. Those charges include forcible rape, forcible oral copulation, sexual penetration by use of force and sexual battery by restraint, carrying a potential 28-year prison sentence. It’s not yet clear how LA prosecutors plan to proceed following Monday’s verdict in New York. Weinstein could be immediately brought to California after his 11 March sentencing in New York. He could pursue a plea deal in LA after his guilty verdict in Manhattan, or he could end up facing a second trial, said Laurie Levenson, criminal law professor at Loyola Law School. Either way, it’s an uphill battle for the former movie producer, she said: “When he heads to LA, he’s already a convicted rapist.”

Read more …

Putin is about to hand Erdogan an ultimatum or two. The US must go home.

US Proposals To Whitewash Idlib Terrorists Unacceptable – Lavrov (RT)

Moscow will resist any attempts to whitewash the terrorists holed up in Idlib, Syria, Russian Foreign Minister Sergey Lavrov said, adding that engaging in talks with them as the US is hinting is out of question. Hayat Tahrir al-Sham, an Al-Qaeda offshoot previously known as Al-Nusra, which controls Idlib, has been designated as a terrorist organization not only by the UN, but by the US itself, Lavrov said. However, officials in Washington, including the special envoy for Syria, James Jeffrey, “allow themselves statements, from which a conclusion can be made that ‘it’s not such a terrorist organization anymore’ and that dialogue with it can be established under some circumstances,” he said. “It’s not the first time we hear such hints and we consider them absolutely unacceptable.”


The foreign minister also said that another round of consultations between Russia and Turkey is currently being prepared in ordered “to agree on ways of turning Idlib into a real de-escalation where the terrorists aren’t in charge.” Tensions are high between Moscow and Ankara after Turkey sent troops to Idlib a few weeks ago amid a large-scale offensive by the Syrian military on the last terrorist stronghold in the country. The move provoked clashes between the Turkish and Syrian forces, with casualties on both sides. Ankara is demanding that Moscow pressure Damascus into ceasing its operation, while Russia has told Turkey that its promise to separate the ‘moderate opposition’ from the terrorists still remains unfulfilled.Lavrov insisted that it was no surprise for the Turkish military that the terrorists were being targeted. Earlier Russian-Turkish agreements on Idlib never envisaged that strikes against Hayat Tahrir al-Sham would stop, he added.

Read more …

“Edward Fitzgerald QC: Mental state of Assange deteriorating such that there is possibility he may not be able to participate in his own trial. Defense outlines why they believe it’s unjust an oppressive to pursue trial so long after alleged offenses..”


“Julian Assange faces life in prison for publishing true information that was in the public interest..if truth becomes treason we are all in trouble.”

Still, making it all against Trump doesn’t seem the wisest move. Try US Intel. Obviously, Trump’s role is terrible as well, but Assange went into the Embassy in 2012. Trump became president in 2017.

Julian Assange ‘Suicide Risk’ If Extradited From UK To US – Lawyer (SCMP)

Julian Assange should not be extradited to the United States as he would not get a fair trial and would be a suicide risk, his lawyer told a British court hearing on Monday. Assange’s lawyer, Edward Fitzgerald, said extradition would expose Assange to inhumane and degrading treatment by a disproportionate sentence and prison conditions. Fitzgerald said the extradition request was motivated by politics rather than any genuine crimes. He said it would be unjust and oppressive to extradite him because of his mental state and risk of suicide. He said the US attitude to Assange had changed when Donald Trump came to power and that the US president wanted to make an example of his client.


Fitzgerald said in 2013 the US government under former President Barack Obama had decided that Assange should not face any action. But that in 2017, after the 2016 election of Trump, an indictment was brought against Assange. Why the change? “The answer is President Trump came into power with a new approach to freedom of speech and a new hostility to the press amounting effectively to declaring war on investigative journalists,” Fitzgerald said. The indictment was brought, “not on the basis of new revelations, but because it had become politically expedient and desirable,” Fitzgerald said.

Read more …

The background Assange’s lawyers will provide. They promise big surprises.

Assange Fight Draws In Trump’s New Intel Chief (Pol.)

Attorneys for Julian Assange [..] plan to introduce evidence in the WikiLeaks founder’s extradition hearing involving President Donald Trump’s new intel chief Richard Grenell. Gareth Peirce, a lawyer representing Assange in his extradition proceedings in London, plans to argue this week that the process to try to extradite her client was abused from early on. Representatives for Assange’s defense team say they expect to introduce recordings and screenshots of communications of a close Grenell associate, including a secondhand claim that Grenell was acting on the president’s orders. Grenell’s sudden embroilment in Assange’s extradition fight comes at an inconvenient time, as Democrats and national security veterans criticize him as ill-suited and unqualified to be the acting director of national intelligence.

And it threatens to spotlight his close relationship with President Trump, feeding the widespread perception that the president is politicizing intelligence work for partisan ends. At the heart of the Assange team’s argument is an ABC News report from last April alleging that, while serving as Trump’s ambassador to Germany, Grenell told Assange’s Ecuadorean hosts that the U.S. government would not pursue the death penalty for Assange if Ecuador allowed British officials to enter its embassy in London and arrest him. Assange’s legal team will claim that Grenell’s role was more extensive than previously known, and that it corrupted the extradition process early on. The suggestion will be that the U.S. was so desperate to get Assange in its custody that American officials, via Grenell, agreed in advance to take a particular sentence off the table before even allowing a trial and sentencing to play out.

The WikiLeaks founder’s attorneys are also expected to present evidence that they believe shows Trump explicitly tasked Grenell with making the offer, thereby politicizing the process. One of Assange’s lawyers, Edward Fitzgerald, hinted at this argument in his opening statement on Monday, when he said that Assange’s prosecution was “not motivated by genuine concerns for criminal justice but politics.” The evidence submitted this week will include new materials submitted to Assange’s legal team by political activist and journalist Cassandra Fairbanks, a staunch defender of Assange who has worked for the Russian state-run news site Sputnik and the far-right outlet Gateway Pundit. She is expected to be listed as a formal witness in the case.

Fairbanks recorded two phone calls she had with one of Grenell’s close associates, Arthur Schwartz, and took screenshots of their conversations about Assange and Grenell. [..] Schwartz appeared to grow frustrated and fearful after Fairbanks tweeted, on Sept. 10, 2019, that Grenell “was the one who worked out the deal for Julian Assange’s arrest.” “I don’t want to go to jail,” Schwartz told Fairbanks in a September 2019 phone call, accusing her of posting “classified information” in the tweet. Fairbanks posted the tweet around the time Grenell’s name was being floated to replace John Bolton as Trump’s national security adviser. “Please. I’m begging you,” Schwartz says in the recording. “They look at you, they see that we speak, that’s bad.”

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The US is trying to make this about the risk Assange has exposed sources to. But in 2013, even anti-Assange paper the Guardian said

The US counter-intelligence official who led the Pentagon’s review into the fallout from the WikiLeaks disclosures of state secrets told the Bradley Manning sentencing hearing on Wednesday that no instances were ever found of any individual killed by enemy forces as a result of having been named in the releases.

Not only did none of them die, they weren’t even hurt. It’s all a fable, coming from US intel hiding behind state secret veils. The actual story for at least some of the releases is more or less the opposite: that Assange spent entire sleepless nights redactingout namea and details in docs that sources like the Guardian wanted to publish in full.

Julian Assange ‘At High Risk Of Suicide’ If Extradited To US -Lawyer (Ind.)

WikiLeaks founder Julian Assange is at “high risk of suicide” if he is sent to the US to face claims he endangered the lives of whistleblowers around the world, a court has heard. At an extradition hearing in London, Assange’s lawyers argued he is the victim of a politically motivated prosecution that forms part of Donald Trump’s “war on investigative journalists”. But the US government claimed some sources had “disappeared” after the WikiLeaks founder put them at risk of “serious harm, torture or even death” by leaking classified information. James Lewis QC, opening the case against Assange, said on Monday that information published by WikiLeaks was useful to enemies of the US.Mr Lewis told Woolwich Crown Court, which is sitting as a magistrates’ court, that most of the charges related to “straightforward criminal activity” in a “conspiracy to steal from and hack into” the Department of Defence computer system.


“These are ordinary criminal charges and any person, journalist or source who hacks or attempts to gain unauthorised access to a secure system, or aids and abets others to do so, is guilty of computer misuse,” the barrister said. “Reporting or journalism is not an excuse for criminal activities or a licence to break ordinary criminal laws.” Mr Lewis said that the US identified hundreds of “at-risk and potentially at-risk people” around the world due to WikiLeaks’ actions and made efforts to warn them of the danger they faced. “The US is aware of sources, whose redacted names and other identifying information was contained in classified documents published by WikiLeaks, who subsequently disappeared, although the US can’t prove at this point that their disappearance was the result of being outed by WikiLeaks,” he added.

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