Today’s News 15th December 2018

  • The War Against Globalism

    Authored by Philip Giraldi via The Strategic Culture Foundation,

    We are the Little Folk—we!

    Too little to love or to hate.

    Leave us alone and you’ll see

    How we can drag down the State!

    A Pict Song, Rudyard Kipling

    Belgium has joined the list of countries that are rebelling against their elected leadership. Over the weekend the Belgian government fell over Prime Minister Charles Michel’s trip to Morocco to sign the United Nations Migration Agreement. The agreement made no distinction between legal and illegal migrants and regarded immigration as a positive phenomenon. The Belgian people apparently did not agree. Facebook registered 1,200 Belgians agreeing that the Prime Minister was a traitor. Some users expressed concern for their children’s futures, noting that Belgian democracy is dead. Others said they would get yellow vests and join the protests.

    The unrest witnessed in a number of places is focused on some specific demands but it represents much broader anger. The French yellow vests initially protested against proposed increases in fuel taxes that would have affected working people dependent on transportation disproportionately. But when that demand was met by the government of President Emmanuel Macron, the demonstrations continued and even grew, suggesting that the grievances with the government were far more extensive than the issue of a single new tax. Perhaps not surprisingly, the French government is seeking for a scapegoat and is investigating “Russian interference.” The US State Department inevitably agrees, claiming that Kremlin directed websites and social media are “amplifying the conflict.”

    Some commentators looking somewhat more deeply at the riots in France have even suggested that the real issue just might be regime change, that the Macron government had become so disconnected with many of the voters through both its policies and the rhetoric justifying them that it had lost its legitimacy and there was no possibility of redemption. Any change would have to be an improvement, particularly as a new regime would be particularly sensitive to the sentiments of those being governed, at least initially. One might suggest that the prevailing sentiment that a radical change in government is needed, come what may, to shake up the system might well be called the “Trump phenomenon” as that is more-or-less what happened in the United States.

    The idea that republican or democratic government will eventually deteriorate into some form of tyranny is not exactly new. Thomas Jefferson advocated a new revolution every generation to keep the spirit of government accountable to the people alive.

    Call it what you will – neoliberalism, neoconservatism or globalism – the new world order, as recently deceased President George H.W. Bush once labeled it, characteristically embraces a world community in which there is free trade, free movement of workers and democracy. They all sound like good things but they are authoritarian in nature, destructive of existing communities and social systems while at the same time enriching those who promote the changes. They have also been the root cause of most of the wars fought since the Second World War, wars to “liberate” people who never asked to be invaded or bombed as part of the process.

    And there are, of course, major differences between neoliberals and neoconservatives in terms of how one brings about the universal nirvana, with the liberals embracing some kind of process whereby the transformation takes place because it represents what they see, perhaps cynically, as the moral high ground and is recognized as being the right thing to do. The neocons, however, seek to enforce what they define as international standards because the United States has the power to do so in a process that makes it and its allies impossible to challenge. The latter view is promoted under the phony slogan that “Democracies do not fight other democracies.”

    The fact that globalists of every type consider nationalism a threat to their broader ambitions has meant that parochial or domestic interests are often disregarded or even rejected. With that in mind, and focusing on two issues – wholesale unwelcome immigration and corrupt government run by oligarchs – one might reasonably argue that large numbers of ordinary citizens now believe themselves to be both effectively disenfranchised and demonstrably poorer as rewarding work becomes harder to find and communities are destroyed through waves of both legal and illegal immigration.

    In the United States, for example, most citizens now believe that the political system does not work at all while almost none think that even when it does work it operates for the well-being of all the citizens. For the first time since the Great Depression, Americans no longer think of upward mobility. Projections by sociologists and economists suggest that the current generation growing up in the United States will likely be materially poorer than their parents. That angst and the desire to “do something” to make government more responsive to voters’ interests is why Donald Trump was elected president.

    What has been occurring in Belgium, France, with Brexit in Britain, in the recent election in Italy, and also in the warnings coming from Eastern Europe about immigration and European Union community economic policies are driven by the same concerns that operated in America. Government itself is becoming the enemy. And let us not forget the countries that have already felt the lash and been subjected to the social engineering of Angela Merkel – Ireland, Spain, Portugal and Greece. All are weaker economies crushed by the one size fits all of the EURO, which eliminated the ability of some governments to manage their own economies. They and all their citizens are poorer for it.

    There have been windows in history when the people have had enough abuse and so rise up in revolt. The American and French revolutions come to mind as does 1848. Perhaps we are experiencing something like that at the present time, a revolt against the pressure to conform to globalist values that have been embraced to their benefit by the elites and the establishment in much of the world. It could well become a hard fought and sometimes bloody conflict but its outcome will shape the next century. Will the people really have power in the increasingly globalized world or will it be the 1% with its government and media backing that emerges triumphant?

  • Skyscraper Construction: Nobody Comes Close To China In 2018

    With 143 buildings 200 meters tall (660 feet) or higher constructed across the globe, 2018 was another hugely impressive year for skyscraper construction.

    As Statista’s Niall McCarthy notes, according to The Council on Tall Buildings and Urban Habitat, the total height of those buildings comes to 35,246 meters – exceeding the length of Manhattan Island if they were laid end-to-end.

    China is at the forefront of the boom in skyscraper construction, building 88 in total this year.

    Infographic: Skyscraper Construction: Nobody Comes Close To China In 2018 | Statista

    You will find more infographics at Statista

    The Citic Tower in Beijing was the tallest building completed anywhere in the world in 2018. At 528 meters tall (1,732 feet), with 108 floors above ground, it’s now the eighth-tallest building worldwide and the fourth the tallest in China. The second-tallest skyscraper of 2018 was the 469.5-meter-tall (1,540 feet) Vincom Landmark 81 in Ho Chi Minth City, Vietnam while another Chinese building comes third. The 452 meter high (1,483 feet) Changsha IFS Tower T1 was built in the city of Changsha.

    After China, the U.S. comes a distant second in the 2018 skyscraper league with 13 completions while the UAE comes third with 10.

    Due to China’s skyward ambitions, Asia is the global hub of skyscraper construction, accounting for 76.2 percent of all completions this year. North America had an 11.2 percent share of the total while the Middle East and Africa had 9.1 percent.

  • Scientists Will Begin Geoengineering Experiment And Try To Block The Sun

    Authored by Mac Slavo via SHTFplan.com,

    Scientists have decided to publicly attempt a geoengineering experiment. The researchers from Harvard University are going to attempt to use particles to block out the sun in an attempt to save humanity from global warming, and cool the planet.

    According to Popular Mechanics, this incredibly bad-sounding idea seems like it stemmed from an actual event.  In 1991, the volcano Mount Pinatubo erupted in the Philippines, sending millions of tons of ash and sulfur dioxide into the atmosphere. This layer of particulates actually lowered global temperatures by almost a full degree Fahrenheit for the following two years.

    Researchers speculated that by filling the atmosphere with a similar level of particulates that were shot into the sky during the 1991 eruption, while skipping the lava and explosions, they might be able to reduce global temperatures enough to halt or delay some of the more severe consequences of “climate change.”

    But even the most left-leaning of human beings are not on board with attempting to alter the global climate artificially. After all, isn’t that what the tyrants and political elitists the peons continue to vote for keep telling us was the problem in the first place?  Any small mistake could radically and permanently destroy the delicate ecosystems and global climates for centuries.

    In particular, one study published last year found that spraying particulates into the atmosphere around the Gulf of Mexico could trigger droughts in sub-Saharan Africa. But scientists are attempting to assure everyone that their test won’t have any major effect on the climate.

    The test allegedly consists of a high-altitude balloon that will fly several miles into the atmosphere and release less than a pound of calcium carbonate (a less harmful alternative to the sulfur dioxide produced by volcanoes) and then spend about a day flying through the resulting cloud to measure its effects. The purpose of this test is to figure out exactly how the substance behaves in our air so scientists can build more accurate simulations.

    Of course, others have gathered a wealth of evidence suggesting that climate manipulation is already occurring right under our noses. Dane Wigington has an entire website titled GeoengineeringWatch.org in which he publishes all of the evidence he’s collected proving that governments have been manipulated the weather for a long time.  In fact, they might be responsible for the very “climate change” they blame on the general public and make us all pay for.

  • "Sellers Have Gotten Greedy": Metro NY Leads Nationwide Trend Of Tumbling Housing Prices

    The signs of a housing slowdown are starting to reach across New York City and the metro area. For instance, a new Bloomberg article talks about a home in Long Island that recently sat idly on the market until its taxes and its price were both moved lower. As we have already written about earlier this year, buyers in places like Connecticut are looking to rent houses – sometimes even for $10,000 a month – before buying them. Real estate brokers in the metro area and places like Hoboken are noticing business slow down.

    Greg Heym, chief economist of Terra Holdings, told Bloomberg:

     “Brokers ask me, ‘When is it going to get better? ‘Better’ for this market, in this area, is lower prices.”

    It doesn’t matter whether it’s high-rises in the city or homes in the suburbs: years of price appreciation, combined with caps on property tax deductions and rising rates are all guiding prices lower and slowing the market down.

    And this is indicative of a broader slowdown that’s occurring across the country. While home prices in other parts of the country haven’t slowed down tremendously, the rate of appreciation is starting to slip, especially in the metro New York area. Prices in the 12 counties including and surrounding New York City grew at only 4% in the third quarter compared to an overall price increase of 4.8% across the United States.

    The $10,000 limit on deductions for state and local taxes could be one of the reasons that New York is worse off than the rest of the country. 9 of the 10 US counties with the highest tax obligations are in New York, New Jersey or Connecticut.

    Daren Blomquist, Attom’s senior vice president stated:

     “Housing in general has quite a few headwinds right now, but the New York area is feeling the brunt of the headwinds. Counties with the slowest appreciation are the ones that tend to have the highest prices and the highest taxes.”

    Westchester County is number one on the list of high tax areas. In that county, single-family home sales were down for the fifth quarter in a row. Purchases in the Long Island suburbs were down for two of the last three quarters, including in Nassau County. Bergen County, New Jersey, which has the fourth highest tax burden in the country, showed a 6% drop in third-quarter sales contracts. Buyers used to be OK with paying the higher taxes as a result of having better school districts, but now they are starting to second-guess the extra expense.

    Matthew Lenner, a broker with Keller Williams in Long Island, told Bloomberg:

     “One of the first questions buyers ask is, ‘Have the owners grieved their taxes?”’

    It’s a question that refers to an appeals process with the county’s assessment office that will sometimes allow property taxes to be lowered.

    Last month for example, a four bedroom home in Plainview that was listed since June 2017 saw its price cut nearly $100,000 to $899,999 and also had its taxes reworked to try to lower the $28,500 annual tax bill. As they were able to lower the taxes about 20%, interest in the property has increased.

    In New Jersey, the new tax law didn’t seem to be a problem – at least until mortgage rates started to creep higher. At that point, it became obvious that “sellers were getting greedy” and that prices would have to adjust.

    Jeffrey Otteau, who runs a property valuation firm, stated: 

    “Sellers have gotten greedy. It’s easier to say ‘blame tax reform’ than to say ‘we need to take an honest look at the price you expect to get for your house.’ Sellers don’t get it.”

    Buyers who now believe themselves to have the upper hand are getting creative with deals, including asking for concessions that even ask some sellers to rent homes before they buy them. Three buyers in the New Canaan area set up lease arrangements with sellers, putting down 10% and paying the rest off in a rent-to-own style arrangement that would allow them to duck out of the purchase at any point. 

    Sharon Shahinian, a Halstead broker in Hoboken summed it up:

     “All the agents are saying to each other, ‘Are you busy?’ Someone will say, ‘Oh my God, it’s so slow, and someone else will say, ‘I’m glad it’s not just me.”

  • The Real Reason Western Media & CIA Turned Against Saudi's MbS

    Authored by Darius Shahtamasebi,

    Forces are aligning against Saudi Arabia’s Crown Prince, lead by elements within the CIA and strong players in the mainstream media. But what is really behind this deterioration in relationship, and what are its implications?

    Following the brutal murder of Washington Post columnist Jamal Khashoggi, western media and various entities, including the CIA, appear to have turned their back on Saudi Crown Prince Mohammad Bin Salman (MBS). In response to the scandal, the Guardian released a video which its celebutante, Owen Jones, captioned “Saudi Arabia is one of the biggest threats on Earth. Time to stop propping up its repulsive regime.”

    The Guardian was not alone in its condemnation. 

    “It’s high time to end Saudi impunity,” wrote Hana Al-Khamri in Al-Jazeera“It’s time for Saudi Arabia to tell the truth on Jamal Khashoggi,” the Washington Post’s Editorial Board argued. Politico called it “the tragedy of Jamal Khashoggi.”

    Even shadowy think-tanks like the Council on Foreign Relations (CFR) and the Atlantic Council released articles criticising Saudi Arabia in the wake of Khashoggi’s death.

    A number of companies began backing away from Saudi money after the journalist’s death, including the world’s largest media companies such as the New York Times, the Economist’s editor-in-chief Zanny Minton Beddoes, Arianna Huffington, CNN, CNBC, the Financial Times, Bloomberg, Google Cloud CEO, just to name a few.

    The CIA concluded that MBS personally ordered Khashoggi’s death, and was reportedly quite open in its provision of this assessment. Antonio Guterres, secretary-general of the UN, also took time out of his schedule to express concern over Saudi Arabia’s confirmation of the killing.

    At the time of the scandal, former CIA director John Brennan went on MSNBC to state that the Khashoggi’s death would be the downfall of MBS. Furthermore, the US Senate just voted in favour of ending American involvement in Saudi Arabia’s war in Yemen (a somewhat symbolic victory, though this is a topic for another article), but nonetheless was a clear stab at MBS personally.

    The only person who appeared to continue to uphold America’s unfaltering support for MBS, even after all the publicly made evidence against MBS, was the US president himself. So after years of bombarding Yemen, sponsoring terror groups across the Middle East, Asia, the Pacific and beyond, why is it only now that there has been mounting opposition to Saudi Arabia’s leadership? Let’s just bear in mind that western media had spent years investing in a heavy PR campaign to paint MBS as a “reformer.”

    Former national security adviser under Barack Obama’s second term, Susan Rice, wrote an article in the New York Times, in which she called MBS a “partner we can’t depend on.” Rice concludes that MBS is “not and can no longer be viewed as a reliable partner of the United States and our allies.” But why is this? Is it because MBS is responsible for some of the most egregious human rights abuses inside his own kingdom as well as in Yemen? Is it because of MBS’ support for groups such as ISIS and al-Qaeda? No, according to Rice, we “should not rupture our important relationship with the kingdom, but we must make it clear it cannot be business as usual so long as Prince Mohammad continues to wield unlimited power.”

    One will observe that the latter segment of Rice’s article almost mirrors former CIA director Brennan’s word on MSNBC word for word who stated that:

    “I think ultimately this is going to come out. And it’s very important for us to maintain the relations with Saudi Arabia. And if it’s Mohammed bin Salman who’s the cancer here, well, we need to be able to find ways to eliminate the cancer and to move forward with this relationship that is critical to regional stability and our national interests.”

    In reality, this is probably the issue that western media and government advisors have taken up with MBS. Aside from the fact he allegedly held a huge hand in the brutal murder of one of their own establishment journalists (Saudi Arabia reportedly tortured and killed another journalist not long after Khashoggi, but western media was eerily silent on this incident) MBS is not opposed for his reckless disregard for human rights. With insight into Rice’s mindset, we actually learn that if the US were to punish MBS, he would be likely to “behave more irresponsibly to demonstrate his independence and exact retribution against his erstwhile Western partners.”

    You see, the problem with MBS isn’t that he is a mass murdering war criminal, it is that he is too “independent” for the United States’ liking.

    Last week, Saudi Arabia and the other major oil producers met in Vienna at the year’s final big OPEC meeting of the year. As Foreign Policy notes, Saudi Arabia remains the largest oil producer inside OPEC but has to contend with the US and Russia who are “pumping oil at record levels.” Together, the three countries are the world’s biggest oil producers, meaning any coordinated decision made between these three nations can be somewhat monumental.

    However, it appears that one of these three nations will end up drawing the short end of the stick as the other two begin forming a closer alliance. As Foreign Policy explains:

    “But Saudi Arabia has bigger game in mind at Vienna than just stabilizing oil prices. Recognizing that it can’t shape the global oil market by itself anymore but rather needs the cooperation of Russia, Saudi Arabia is hoping to formalize an ad hoc agreement between OPEC and Moscow that began in 2016, a time when dirt-cheap oil also posed a threat to oil-dependent regimes. That informal agreement expires at the end of the year, but the Saudis would like to make Russia’s participation with the cartel more permanent.”

    Russian officials have been signalling their intention to formalise this agreement for quite some time now. Given the hysteria in western media about any and all things Russian, it is not too much of a stretch to suggest that this is the kind of news that is not sitting too well with the powers-that-be.

    Earlier this year, Russia and Saudi Arabia announced that it would “institutionalize” the two-year-old bilateral agreement to coordinate oil production targets in order to maintain an edge on the global market.

    While US president Trump has been supportive and incredibly defensive of MBS during this “crisis”, the truth is that the US only has itself to blame. It was not all too long ago that Trump announced that he had told Saudi King Salman that his kingdom would not last two weeks without US support.

    Saudi Arabia is learning for themselves quite quickly that, ultimately, it may pay not to have all its eggs in one geopolitical superpower basket.

    Saudi Arabia has been increasingly interested in Moscow since King Salman made a historic visit to Moscow in October 2017. While Trump has openly bragged about his record-breaking arms deals with the Saudis, the blunt truth is that the $110 billion arms agreements were reportedly only ever letters of interest or intent, but not actual contracts. As such, the US-Saudi arms deal is still yet to be locked in, all the while Saudi Arabia is negotiating with Russia for its S-400 air defence system. This is, as the Washington Post notes, despite repeated US requests to Saudi Arabia for it disavow its interest in Russia’s arms.

    The economic threat that an “independent” Saudi Arabia under MBS’ leadership poses to Washington runs deeper than meets the eye and may indeed have a domino effect. According to CNN, Russia and Saudi Arabia “are engaged in an intense battle over who will be the top supplier to China, a major energy importer with an insatiable appetite for crude.”

    The unveiling of China’s petro-yuan poses a major headache for Washington and its control over Saudi Arabia as well.According to Carl Weinberg, chief economist and managing director at High-Frequency Economics, China will “compel”Saudi Arabia to trade oil in Chinese yuan instead of US dollars. One must bear in mind that China has now surpassed the US as the “biggest oil importer on the planet,” these direct attacks on the US dollar will have huge implications for its current world reserve status.

    If Saudi Arabia jumps on board China’s petro-yuan, the rest of OPEC will eventually follow, and the US might be left with no choice but to declare all of these countries in need of some vital freedom and democracy.

    Therefore, ousting MBS and replacing him with a Crown Prince who doesn’t stray too far from the tree that is US imperialism may put a dent in pending relationships with Saudi Arabia and Washington’s adversaries, Russia and China.

    Once we get over the certainty that the US media and the CIA are not against MBS for his long-list of human rights abuses, the question then becomes: why – why now, and in this manner, have they decided to put the spotlight on MBS and expose him exactly for what he is.

    Clearly, the driving force behind this media outrage is a bit more complex than first meets the eye.

  • Baltimore County Spends $147 Million On School Laptops; Four Years Later Test Scores Still Terrible

    Four years ago Baltimore County began a $147 million program to put laptops in the hands of students from first through 12th grade in the hopes that access to technology would transform the way kids learn and boost the lowest standardized test scores in the state, according to a new report cited by the Baltimore Suns Liz Bowie

    Photo via Baltimore Country Public Schools

    Alas, the ambitious plan has failed to translate to an increase in achievement – as test scores are generally flat for students in grades three through eight, according to the Sun, which notes that many of those students have had the computers for at least three years. 

    An evaluation of the program by Johns Hopkins researchers found that third-grade results at 10 schools that have had laptops longest have shown some increase over four years, but it’s too soon to say if that will continue.

    “The impacts of the [laptop program] on student achievement remain encouraging, but still indeterminate given the still relatively short duration of the initiative,” the report said.

    Absent across-the-board increases in student achievement, some parents and teachers are questioning whether the computers are worth the investment. –Baltimore Sun

    “These devices do not seem to be improving my kids’ school experience,” said parent Suzanne Persaud – whose three middle and high school boys have had access to the laptops. The school system is “giving them the hardware,” said Persaud, “but not the courses to advance beyond the devices.”

    Photo via Baltimore Country Public Schools

    With the majority of the Baltimore County school board departing this month, it is unclear whether the new board will continue the program amid calls to end the laptop giveaway. Others have suggested not giving every student a laptop. 

    New county executive Johnny Olszwecki Jr. says that while he hasn’t taken a position on the program, his administration will give it serious consideration. 

    “I want to be a data-driven, evidence-based leader here for Baltimore County,” said Olszwecki. “Any program that’s not having the intended gains that we’re spending money on we need to re-evaluate. Especially if it’s compromising our ability to meet other priorities.”

    Overall, Baltimore County students in grades three through eight scored 18th in the state for math and 19th in English, according to a State Department of Education analysis of Maryland’s 24 school districts.

    In contrast, Baltimore City — where elementary and middle school students don’t have the same access to technology — saw significant achievement gains last year across nearly all grades and subjects on the state tests, though the percentage of city school students who passed them is still lower than in the county. –Baltimore Sun

    The Baltimore County school district has countered critics, saying that the laptop program wasn’t solely intended to raise achievement – but rather to allow underpriveleged students access to technology they may not have at home, and whose families can’t afford internet service or computers. 

    Verletta White, Interim School Superintendent

    It has never been about laptops increasing achievement,” said Interim School Superintendent Verletta White. “You have to take a look at all of the impacts and the levers that impact instruction.”

     School system officials added that teachers may have had too little time to adapt their lesson plans to the new technology. 

    A 2016 analysis of 10 studies concluded that giving all students a laptop does not boost math, english, science or writing scores, however the authors from Michigan State and UC Irvine stress that computers alone don’t increase academic performance and must be accompanied by lesson plans conducive to the technology. 

  • Could America's "Deep Underground Seismic Scar" Be Re-Awakening?

    Authored by Michael Snyder via The End of The American Dream blog,

    Large earthquakes aren’t supposed to happen in Tennessee. 

    On Wednesday, the largest earthquake in 45 years hit eastern Tennessee, and it made headlines all over the nation.  The magnitude 4.4 quake was so powerful that it was felt in portions of Alabama, Georgia, South Carolina, North Carolina and Kentucky.  Significant shaking was even felt as far away as Atlanta, and that was highly unusual.  The original earthquake was rapidly followed by a magnitude 3.0 aftershock, and subsequently there were several other noteworthy aftershocks. 

    We live at a time when earthquakes are increasing in size and frequency, and many are concerned about what this may mean for our future.  The recent earthquakes in Alaska were a shock, but at least they made sense since much of the coastline of Alaska sits directly along the Ring of Fire.  But eastern Tennessee is not an area that has traditionally been prone to quakes.  Could it be possible that the “seismic scar” that was created when the North American continent was formed is beginning to reawaken?

    Prior to Wednesday, the last time that eastern Tennessee had experienced an earthquake of this magnitude or greater was on November 30th, 1973.

    That was 45 years ago, and many of you that will be reading this article were not even alive at that time.

    Some experts had regarded eastern Tennessee as one of the “safest” areas in the eastern half of the country, but after what we just witnessed they may want to reevaluate things.  When the earthquake happened, the shaking was so violent that it actually woke people from their sleep all the way over in neighboring North Carolina

    “Felt it here in Arden off Brevard Rd for sure. Sitting on the couch at 4:15 am reading news on laptop and it felt like the house swayed back and forth for a few seconds. Weird…….” – Wayne Womble

    “I felt the earthquake in Alexander, NC around 4:15 am. It woke me from my sleep.” – Megan S. Bottego

    “We felt the earthquake in Marshall, Madison County, NC (just outside the Buncombe County line). It woke me up about 4:20am as it shook enough to cause items on dresser to shake and rattle. It only lasted about 5-10 seconds. ” – Paula Seay

    But this isn’t the only earthquake that has happened in the region recently.

    In fact, in the center of the United States there have been 27 significant earthquakes of magnitude 1.5 or greater within the last 7 days.

    Eastern Tennessee is not in the New Madrid Seismic Zone, but it is not too far away either.  And there are some that are speculating that the “deep underground scar” that was created during the formation of the North American continent may be awakening once again.  The following is what Wikipedia has to say about the formation of that scar…

    The faults responsible for the New Madrid Seismic Zone are embedded in a subsurface geological feature known as the Reelfoot Rift that formed during the breakup of the supercontinent Rodinia in the Neoproterozoic Era (about 750 million years ago). The resulting rift system failed to split the continent, but has remained as an aulacogen (a scar or zone of weakness) deep underground, and its ancient faults appear to have made the Earth’s crust in the New Madrid area mechanically weaker than much of the rest of North America.

    This relative weakness is important, because it would allow the relatively small east-west compressive forces associated with the continuing continental drift of the North American plate to reactivate old faults around New Madrid, making the area unusually prone to earthquakes in spite of it being far from the nearest tectonic plate boundary.

    As noted above, because of this scar the crust of our planet in that region is “mechanically weaker” and thus more vulnerable to shaking.

    What that means is that earthquakes in that area could potentially be far more damaging.

    According to the Missouri Department of Natural Resources, any earthquakes that occur along the New Madrid fault could “shake and damage an area approximately 20 times larger than earthquakes in California”

    Due to the harder, colder, drier and less fractured nature of the rocks in the earth’s crust in the central United States, earthquakes in this region shake and damage an area approximately 20 times larger than earthquakes in California and most other active seismic areas. Even though large earthquakes occur much less frequently in the NMSZ than in California, the long term average quake threat, in terms of square miles affected per century, is about the same because of the approximately 20 times larger area affected in the central United States.

    And even though most Americans don’t realize this, some of the worst earthquakes in all of U.S. history have happened right in the middle of the country.

    In 1811 and 1812 three massive earthquakes struck directly along the New Madrid Seismic Zone, and the damage was off the charts.  The following comes from a previous article

    Those earthquakes in 1811 and 1812 tore thousands of very deep fissures in the ground, they caused the Mississippi River to actually run backwards in some places, and they caused sidewalks to crack in Washington D.C. and church bells to ring in Boston.

    In our time, the U.S. Geological Survey has admitted that the New Madrid fault zone has the “potential for larger and more powerful quakes than previously thought“, and we have seen the number of significant earthquakes in the middle part of the country more than quintuple in recent years.

    There is a reason why I included a catastrophic New Madrid earthquake in The Beginning Of The End, and scientists assure us that it is only a matter of time before one takes place.

    Giant earthquakes and huge volcanic eruptions are starting to happen with such frequency now that they almost immediately start receding from our memory after they happen.  We have been witnessing one historic seismic event after another, and they are happening so fast that it is hard to keep up with them all.  And when you throw in wildfires, floods, hurricanes and all other major disasters, what we have been witnessing is truly historic.

    According to CNN, 2017 was the costliest year for natural disasters ever, and it looks like there is a good chance that we will break that record again this year.

    Our planet is changing, and many believe that very dark days are ahead for all of us.

  • Seattle Home Prices Plunge Again, Down 11% In Six Months 

    The West Coast has had one of the hottest real estate markets in the country over the last five to eight years, with Denver, San Francisco, San Jose, Los Angeles, and Seattle led the way in home price appreciation.

    However, the market has recently shifted and ultimately moved in the opposite direction with surging inventory, increased lending limits, and falling home prices, have triggered a possible housing market top.

    The rapid deterioration in the housing industry is the most evident in King County, Washington, home to Seattle and the 13th-most populous region in the US. Home prices in the area have just recorded one of the most significant drops ever in the last six months.

    King County’s median single-family home price plunged to $644,000 in November, all the way from $726,000 in early spring, according to a new report from Northwest Multiple Listing Service.

    Mike Rosenberg, a Seattle Times real estate reporter, said Seattle home prices are falling at the fastest clip than anywhere in the country.

    The plunge in prices equals about 11.3% over the last six months, and the last time a drop of this magnitude occurred, it was -14% during the housing bubble implosion of 2008.

    Active inventory jumped 135% in the county from a year ago. The number of single-family homes more than doubled from 2017, rising from 1,879 to 4,020, while condos more than tripled, jumping from 355 active listings twelve months ago to October’s total of 1,221.

    For condos, a sharp rise in inventory has sent prices lower by $61,000 from spring levels.

    Sales have also collapsed, down 19% in the last 12 months. It was the second consecutive quarter that fewer people bought homes.

    “It’s a little bit of a herd mentality,” Sabrina Booth, a Windermere broker in Seattle, told The Seattle Times, adding that “buyers were rushing to outdo each other by engaging in frantic bidding wars and signing away rights like inspection clauses. Now, they’re often taking their time, negotiating prices down and getting sellers to pay for fixes to their homes.”

    “Sellers are now more receptive to that,” Booth said. “They’re not happy about it. They feel just a little bit disappointed, and they feel their house will be the exception to the rule. But when that doesn’t happen they tend to be realistic and understand that the market has changed a bit.”

    Compared to a year ago, home prices are up 2.1% in King County, as it was the smallest increase in over four years. 

    Just a few short years ago, the average year-over-year growth was pushing more than 10%. That has since come to a screeching halt.

    Home prices in several Seattle neighborhoods have just entered into negative territory versus a year ago. Among these were Southeast Seattle, Sodo/Beacon Hill, the Capitol Hill/Central Seattle area, Queen Anne/Magnolia, the Ballard/Green Lake area and downtown, said The Seattle TImes.

    Also, East Bellevue, the Eastside area south of Interstate 90, Richmond Beach-Shoreline, Jovita-West Hill Auburn and Renton-Highlands & Kennydale are other places where prices have contracted on a year-over-year basis in November.

    “When compared to the peak spring period, median prices have fallen more than $100,000 in the Capitol Hill/Central Seattle area, Queen Anne/Magnolia, Richmond Beach-Shoreline, the Eastside south of I-90, East Bellevue and Redmond-Carnation.

    The median price of a home in November hit $760,000 in Seattle and $885,000 on the Eastside, both down about $70,000 to $75,000 from their spring highs,” said The Seattle Times.

    The recent slowdown has done very little to correct the affordability crisis, making the area still one of the priciest places in the country. In other words, many millennials are still priced out of the market and will not enter until prices come down significantly lower.

    Prices have climbed 109% since reaching a trough in 2012. That is down from a peak six-year rise of 136% achieved in May.

    There is an overwhelming consensus among brokers that the slowdown is temporary and could be blamed on seasonal trends. 

    “In absolute dollar terms, although not percentage-wise, the $82,000 price drop in King County over the last six months is easily the most ever for any half-year span, a function of how high prices have gotten,” said The Seattle Times.

    From October to November, prices decreased $27,000, which is not a seasonal trend, due to this time of year prices remain flat. So, it might be wishful thinking that realtors think declining prices are seasonal, but instead, the entire industry reversing. 

    The cool-down is also starting to spread to the rest of the Puget Sound region, Snohomish County, and Kitsap County — inventory is way up, and sales are down.

    An American housing bust is fully underway.

  • Hopkins: "Nothing Scares The Identity Politics Left Like An Actual Working-Class Uprising"

    Authored (satirically) by CJ Hopkins via The Unz Review,

    The Indiscreet Charm of the Gilets Jaunes

    So it appears the privatization of France isn’t going quite as smoothly as planned. As I assume you are aware, for over a month now, the gilets jaunes (or “yellow vests”), a multiplicitous, leaderless, extremely pissed off, confederation of working class persons, have been conducting a series of lively protests in cities and towns throughout the country to express their displeasure with Emmanuel Macron and his efforts to transform their society into an American-style neo-feudal dystopia. Highways have been blocked, toll booths commandeered, luxury automobiles set on fire, and shopping on the Champs-Élysées disrupted. What began as a suburban tax revolt has morphed into a bona fide working class uprising.

    It took a while for “the Golden Boy of Europe” to fully appreciate what was happening. In the tradition of his predecessor, Louis XVI, Macron initially responded to the gilets jaunes by inviting a delegation of Le Monde reporters to laud his renovation of the Elysée Palace, making the occasional condescending comment, and otherwise completely ignoring them. That was back in late November. Last Saturday, he locked down central Paris, mobilized a literal army of riot cops, “preventatively arrested” hundreds of citizens, including suspected “extremist students,” and sent in the armored military vehicles.

    The English-language corporate media, after doing their best not to cover these protests (and, instead, to keep the American and British publics focused on imaginary Russians), have been forced to now begin the delicate process of delegitimizing the gilets jaunes without infuriating the the entire population of France and inciting the British and American proletariats to go out and start setting cars on fire. They got off to a bit of an awkward start.

    For example, this piece by Angelique ChrisafisThe Guardian‘s Paris Bureau Chief, and her Twitter feed from the protests last Saturday. Somehow (probably a cock-up at headquarters), The Guardian honchos allowed Chrisafis to do some actual propaganda-free reporting (and some interviews with actual protesters) before they caught themselves and replaced her with Kim Willsher, who resumed The Guardian‘s usual neoliberal establishment-friendly narrative, which, in this case, entailed dividing the protesters into “real” gilets jaunes and “fake” gilet jaunes, and referring to the latter fictional group as “thuggish, extremist political agitators.”

    By Sunday, the corporate media were insinuating that diabolical Russian Facebook bots had brainwashed the French into running amok, because who else could possibly be responsible? Certainly not the French people themselves! The French, as every American knows, are by nature a cowardly, cheese-eating people, who have never overthrown their rightful rulers, or publicly beheaded the aristocracy. No, the French were just sitting there, smoking like chimneys, and otherwise enjoying their debt-enslavement and the privatization of their social democracy, until they unsuspectingly logged onto Facebook and … BLAMMO, the Russian hackers got them!

    Bloomberg is reporting that French authorities have opened a probe into Russian interference (in the middle of which report, for no apparent reason, a gigantic photo of Le Pen is featured, presumably just to give it that “Nazi” flavor). According to “analysis seen by The Times,” Russia-linked social media accounts have been “amplifying” the “chaos” and “violence” by tweeting photos of gilets jaunes who the French police have savagely beaten or gratuitiously shot with “less-than-lethal projectiles.” “Are nationalists infiltrating the yellow vests?” the BBC Newsnight producers are wondering. According to Buzzfeed’s Ryan Broderick, “a beast born almost entirely from Facebook” is slouching toward … well, I’m not quite sure, the UK or even, God help us, America! And then there’s Max Boot, who is convinced he is being personally persecuted by Russian agents like Katie Hopkins, James Woods, Glenn Greenwald, and other high-ranking members of a worldwide conspiracy Boot refers to as the “Illiberal International” (but which regular readers of my column will recognize as the “Putin-Nazis“).

    And, see, this is the problem the corporate media (and other staunch defenders of global neoliberalism) are facing with these gilets jaunes protests. They can’t get away with simply claiming that what is happening is not a working class uprising, so they have been forced to resort to these blatant absurdities. They know they need to delegitimize the gilets jaunes as soon as possible — the movement is already starting to spread — but the “Putin-Nazi” narrative they’ve been using on Trump, Corbyn, and other “populists” is just not working.

    No one believes the Russians are behind this, not even the hacks who are paid to pretend they do. And the “fascism” hysteria is also bombing. Attempts to portray the gilets jaunes as Le Pen-sponsored fascists blew up in their faces. Obviously, the far-Right are part of these protests, as they would be in any broad working class uprising, but there are far too many socialists and anarchists (and just regular pissed-off working class people) involved for the media to paint them all as “Nazis.”

    Which is not to say that the corporate media and prominent public intellectuals like Bernard-Henri Lévy will not continue to hammer away at the “fascism” hysteria, and demand that the “good” and “real” gilets jaunes suspend their protests against Macron until they have completely purged their movement of “fascists,” and “extremists,” and other dangerous elements, and have splintered it into a number of smaller, antagonistic ideological factions that can be more easily neutralized by the French authorities … because that’s what establishment intellectuals do.

    We can expect to hear this line of reasoning, not just from establishment intellectuals like Lévy, but also from members of the Identity Politics Left, who are determined to prevent the working classes from rising up against global neoliberalism until they have cleansed their ranks of every last vestige of racism, sexism, homophobia, xenophobia, transphobia, and so on. These leftist gatekeepers have been struggling a bit to come up with a response to the gilets jaunes … a response that doesn’t make them sound like hypocrites. See, as leftists, they kind of need to express their support for a bona fide working class uprising. At the same time, they need to delegitimize it, because their primary adversaries are fascism, racism, sexism, homophobia, xenophobia, and assorted other isms and phobias, not the neoliberal ruling classes.

    Nothing scares the Identity Politics Left quite like an actual working class uprising. Witnessing the furious unwashed masses operating out there on their own, with no decent human restraint whatsoever, Identity Politics Leftists feel a sudden overwhelming urge to analyze, categorize, organize, sanitize, and otherwise correct and control them.

    They can’t accept the fact that the actual, living, breathing working classes are messy, multiplicitous, inconsistent, and irreducible to any one ideology. Some of them are racists. Some are fascists. Others are communists, socialists, and anarchists. Many have no idea what they are, and don’t particularly care for any of these labels. This is what the actual working classes are … a big, contradictory collection of people who, in spite of all their differences, share one thing in common, that they are being screwed over by the ruling classes. I don’t know about you, but I consider myself one of them.

    Where we go from here is anyone’s guess. According to The Guardian, as I am sitting here writing this, the whole of Europe is holding its breath in anticipation of the gilets jaunes’ response to Macron’s most recent attempt to appease them, this time with an extra hundred Euros a month, some minor tax concessions, and a Christmas bonus.

    Something tells me it’s not going to work, but even if it does, and the gilets jaunes uprising ends, this messy, Western “populist” insurgency against global neoliberalism has clearly entered a new phase. Count on the global capitalist ruling classes to intensify their ongoing War on Dissent and their demonization of anyone opposing them (or contradicting their official narrative) as an “extremist,” a “fascist,” a “Russian agent,” and so on. I’m certainly looking forward to that, personally.

    Oh… yeah, and I almost forgot, if you were wondering what you could get me for Christmas, I did some checking, and there appears to be a wide selection of yellow safety vests online for just a couple Euros.

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Today’s News 14th December 2018

  • US Army Tests New Robotic Assistant Pack-Mule For Combat Zones

    The 10th Mountain Division (light infantry) based at Fort Drum, New York, is a mountain warfare unit testing a new a robotic pack-mule that can haul more than 1,000 pounds of equipment, weapons, fuel, and or ammunition, tremendously lightening the load for soldiers.

    “These guys go through pretty rough terrain, all weather conditions,” 1st Lt. Diego Alonso, 1st Brigade Combat Team, told WWNY-TV News Channel 7.

    In December 2017, the Army selected four robot vehicles from a total of eight to proceed to the Squad-Multipurpose Equipment Transport (SMET) program’s operational evaluation phase with the 10th Mountain Division.

     

    The 1st Brigade Combat Team is currently testing the robots of Mountain Peak,  Fort Drum’s most extensive field training exercise of the year, which simulates war zone like environments and enables officers of 1st Brigade Combat Team to evaluate the machines. 

    “It’s a huge upgrade for the dismounted reconnaissance troop. I picked up five casualties in one night at different locations with this vehicle that I wouldn’t have been able to do. I’d have been able to make it to maybe two,” said 1st Sgt. Joshua Richards, 1st Brigade Combat Team.

    SMET requires the four all-terrain transport vehicles to carry up to 1,000 pounds and be able to travel 60 miles over 72 hours. Each vehicle must have a “power generation system, as well, that can support an ever-expanding array of electronics, including communications gear, hand-held sensors, portable navigation systems, and electronic warfare equipment, that small Army unit carry with them even on short-duration operations,” said The Drive

    Troops will be able to control these “robotic pack mules” using handheld remote controls. A “follow-me” functionality, in which the robot will follow troops through all sorts of terrain has been a major requirement of SMET.

    WWNY-TV News Channel 7 said troops will continue testing the prototypes into summer 2019.

    The pilot test is currently being conducted at Fort Drum and Fort Campbell in Kentucky, before a broader deployment across the service in 2020.

    “The decisions they make impact the Army of the future for a long time, so it’s outstanding to have this unit out here that’s really motivated and doing great stuff for us,” said Lt. Col. Jon Bodenhammer, who’s supervising the pilot testing program.

    Robots appear to be the future on the modern battlefield. The next push will be the Army weaponizing these robots for the modern battlefield. It seems that robots and artificial intelligence will be making war decessions without any or limited input from humans.

  • The Trade War Distraction: Huawei And Linchpin Theory

    Authored by Brandon Smith via Alt-Market.com,

    Since the beginning of this year, I have been warning that trade tariffs initiated by Donald Trump would develop into a full-blown trade war with China, and perhaps other nations, and that the timing of this trade war is rather suspicious.

    Suspicious how?

    Almost every instance of further escalation was made by Trump around the exact time that the Federal Reserve was also making a large cut to its balance sheet or raising interest rates. Instead of focusing on the fact that extreme volatility has returned to markets because central banks are pulling the plug on life support, the mainstream media is holding up the trade war as the ultimate culprit behind the accelerating crash.

    In other words, Trump’s trade war is acting as a perfect distraction from the crisis which the banking establishment has now deliberately triggered.

    The initial response to my suggestion by a minority of liberty movement activists and skeptics was outright denial. Some people argued that the trade war would be over before it even began and that China would immediately capitulate in fear of losing the U.S. consumer market. Others argued that the trade war “had been started by the Chinese years ago” and Trump was simply “fighting back.”

    Clearly, the trade war is not fading away as many assumed. As I predicted, it is only continuing to grow. And the notion that a trade war is necessary at this time in defense of the U.S. economy ignores certain realities. For example, the trade deficit itself was never “theft” by the Chinese, but a BARTER between the Chinese and the U.S. government and U.S. corporations. In exchange for the Chinese and other trade partners using the dollar as the world reserve currency (and petro-currency) and buying up US treasury debt, U.S. elites have arranged a deficit advantage for China. One could also add China’s cheap labor and low cost manufactured goods as part of that barter as well.

    While the American working class got the short end of the stick in this deal, the government and the corporate cabal certainly benefited.

    Now, if Trump had pressured corporations to bring manufacturing back to the U.S. in order to reap the rewards of his dramatic tax cuts, tariffs after the fact might make a little more sense. With production back on U.S. soil we would have more economic stability to weather future crisis events. Instead, Trump gave corporations a tax cut for nothing. And instead of using that extra capital to innovate or add value to the real economy, companies used the money to continue artificially propping up their own stock prices through stock buybacks.

    It should be obvious to most people at this point that Trump has no intention of “winning” the trade war. As I noted just after the G-20 conference and the dinner negotiations with China:

    “Of course, the outcome is being touted by both sides as a “win,” but it is clear that the goal was to head fake the public rather than actually resolve trade disputes. Will the 90-day delay be seen as “good for markets?” Possibly. Though, the housing market, auto market, and credit markets will continue to crash as they have been for the past few months. I expect this development might buy stocks another week of rest, but little else. As the next Fed meeting approaches this month and it becomes clear that they intend to continue hiking rates into 2019, the false optimism will fade. I also expect that negotiations with China will fall apart yet again well before the 90-day delay is over…”

    The G-20 honeymoon ended even faster than I imagined.

    The arrest of Chinese CFO of Huawei Technologies, Meng Wanzhou, has immediately destroyed any possibility of legitimate diplomatic negotiations going forward, and this seems to be by design.   The 90 day “truce” set apparently by verbal agreement during G-20 is likely over mere days after it started. National Security adviser and CFR ghoul John Bolton admitted in an interview with NPR that he was aware that Canada was preparing to arrest Meng at the request of the U.S. while he was eating grilled sirloin with the Chinese. The claim that Trump was not aware of the situation, to me, sounds absurd.

    The detainment of Meng and the targeting of Huawei comes with a host of significant potential consequences.

    First, as noted the trade truce is likely dead on arrival.  While Trump continues to claim that progress is being made and that “soybeans are being sold”, we have heard this kind of rhetoric for the past several months.  These claims are designed to produce headlines that create a steam valve for stock markets, bringing them down slowly instead of collapsing them outright.

    Second, the possibility of further escalation of tariffs is much higher (U.S. farmers should not expect a reprieve anytime soon, despite rumors of “progress”).

    Third, there is a chance that China will retaliate by snatching up U.S. corporate representatives (many of them just as embroiled if not more so in criminal enterprises). This is a development I realize the average liberty activist could not care less about, but the average American will see such actions as a slight by the Chinese against the U.S. as a whole. The narrative once again turns to the idea that China should be our focus rather than the banking elites.  Thus, the false East/West paradigm is further entrenched in the American mindset.

    If this trend continues, the trade war will eventually expand into a war on the U.S. dollar itself, and when it does, the U.S. will suffer the worst fiscal crisis in its history. Without the world reserve status of the dollar as well as continued foreign investment in U.S. debt, what’s left of our economy will disintegrate.

    Meng’s arrest is a deliberately engineered “linchpin.I have written extensively in past articles on DARPA’s “linchpin theory,” which is a kind of propaganda exercise more than a theory. According to DARPA, overly complex systems invite growing instability, and like a chain of dominoes, the smallest part of that system could be knocked over by a minor event causing a chain reaction that ends in total collapse.

    Of course, this is a misrepresentation of reality. Complex systems do not invite instability, they create redundancy, making the system stronger and more resistant to disasters. Instability is actually caused by oversimplification of a system; that is to say, CENTRALIZATION is the true cause of large-scale crisis. As we have seen time and time again with globalism, the more economically interdependent and centralized the world becomes, the more vulnerable each nation is to the calamities of other nations.

    DARPA loves centralization and is certainly not going to point a finger at it as the cause of global distress. And so they have created a scapegoat of decentralization through linchpin theory.

    Linchpin theory also asserts another lie — the lie that most disasters are a product of “random chance.” The problem is that the only way that linchpin theory works is if disasters are created through conspiracy, not coincidence.

    A system must be purposely weakened over time to the point that any crisis will translate into a collapse of the entire edifice. Central banks have done this quite expertly through the use of debt-based bubbles, followed by fiscal tightening into economic weakness. When you build up an economy like a great Jenga tower and begin pulling the most vital pieces in a calculated manner, eventually it’s going to come crashing down.

    So which piece represents the supposed “linchpin” in our system today? Well, any piece might do the trick, but the arrest of a Chinese corporate executive (which the Chinese will consider hostage taking) at the very onset of a fragile trade truce is an excellent catalyst and also an excellent distraction.

    As Meng sets bail awaiting trial and possible extradition, it does not matter if she leaves for China or remains to be prosecuted.

    If the Chinese arrange for Meng to escape her surveillance and escape Canada, then this will be seen as damaging to trade negotiations on the American side. 

    If she stays and is held up in what will be a very drawn out public trial as an example of Chinese trade villainy, this will be seen as damaging to negotiations on the Chinese side. 

    Either way, the negotiations are walking dead.

    But here is where we need to ask the most important question of all questions:  Who benefits?

    In my article ‘The Everything Bubble: When Will It Finally Crash?’ published in September, I predicted that:

    “The Fed’s neutral rate efforts suggest a turning point in late 2018 to early 2019. Balance sheet cuts are expected to increase at this time, which would also expedite a crash in existing market assets. The only question is how long can corporations sustain stock buybacks until their own debt burdens crush their efforts? With such companies highly leveraged, interest rates will determine the length of their resolve. I believe two more hikes will be their limit.

    If the Fed continues on its current path the next stock crash would begin around December 2018 into the first quarter of 2019.”

    The timing of the arrest of Meng coincided perfectly with the Fed’s expanded balance sheet cuts. The Fed has now shifted from $30 billion per month to $50 billion per month in dumped assets.  While Trump and the mainstream media hyper-focus on interest rates, there is little to no mention of the OTHER fiscal tightening that the Fed has undertaken.

    The Fed is also set to raise interest rates to meet their neutral rate of inflation this month. This is something that has not happened in decades. And, corporate stock buybacks are dying in the last quarter of 2018, as the cost of borrowing to prop up equities is now too high. In response, stock markets are beginning to plunge, and this time there will be no significant bounce back because without Fed stimulus or buybacks, there is nothing left to keep things afloat.

    To reiterate, the trade war is hitting a nexus, a point of extreme escalation just as the central bankers are about to kill the U.S. economy by tightening into economic weakness. The Meng snafu will be used by the mainstream media to draw the public’s attention away from central bank activities and toward the trade war. Everything Trump is doing is HELPING the banks to hide their culpability for the crash.

    Why do the banking elites want a crash in the U.S.? There are numerous reasons and gains to be had. For an in-depth explanation, I recommend my article ‘The Economic End Game Explained.’ To summarize, globalists are setting the stage for what they often refer to as the “global economic reset.” This reset is essentially a major crisis event which will be exploited by globalists to centralize the system even further, into a one world currency and one world economy, governed by the banking elites through institutions like the IMF and the BIS.

    The U.S. economy and the U.S. dollar must be diminished in order for this to happen. And with conservatives supposedly “in control” of the U.S. government and the U.S. economy at the time of the crash, guess who is slated to get the blame? I’ll give you a hint: Not the central bankers…

    In the meantime, the globalists hope that the majority of the world will buy into the fallacy of linchpin theory. They hope everyone will blame decentralization and “complexity” instead of centralization and over-simplicity in the system. And it is certainly possible that the hijacking of a Chinese corporate official will be held up as one of the dominoes that started the collapse.

    *  *  *

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  • Armored Truck Spills Cash On Busy Highway, Leads To Chaos, Crashes

    In what can only be described as a likely preview of the next round of the Fed’s quantitative easing, an armored truck reportedly spilled cash onto Route 3 West in East Rutherford, New Jersey on Thursday morning. The incident caused drivers to promptly exit their vehicles and scramble about the highway picking up bills of all denominations.

    The Brinks driver picking up cash off of the ground on Route 3

    After the truck spilled cash, it caused two other vehicle crashes. Social media lit up shortly after the incident took place, showing video of drivers scrambling about the middle of an otherwise normally busy highway grabbing money off of the ground.

    https://platform.twitter.com/widgets.js

    //www.instagram.com/embed.js

    The driver, who was also seen on video, was one of the many running through traffic trying to collect the cash.

    The East Rutherford Police then put out a Tweet stating:

    “Approx 8:30am ERPD received calls of an armored truck spilling cash along Rt 3 West, motorists exited vehicles attempting to remove cash causing multiple MV Crashes. Detectives are investigating. We ask any person with info or video of this incident, call ERPD 201-438-0165″

    “$5, 20, everything. Look at the accidents. Wow,” someone in the video says. 

    A captain for Brinks was quoted as stating what can only be described as the incredibly obvious

    “At this time it appears the armored truck had a malfunction of one of its doors causing it to become unsecured.”

    East Rutherford Police Capt. Phillip Taormina told NBC News:

     “One good Samaritan had scooped up some money and handed it back to the security guard.”

    The total amount of money that fell out of the Brinks truck has yet to be determined. Route 3 is an arterial road leading in and out of New York City through the Lincoln Tunnel. Additional video can be found here

    Jerome Powell, Janet Yellen and Haruhiko Kuroda were all seen nearby taking notes. A request for comment from Paul Krugman has not been returned. 

  • Australia's House Of Cards Is Collapsing: Recession Coming Up

    Authored by Mike Shedlock via MishTalk,

    Australia’s housing collapse is now in full swing. A recession will follow shortly.

    Inga Ting, Geoff Thompson and Alex McDonald provide and excellent set of graphics and information on the bursting of Australia’s housing bubble at House of Cards.

    Home prices in more than four out of five council areas have reached their peak and are sliding towards an unknown nadir, according to the latest figures from property market analyst CoreLogic.

    As the slump moves into its second year with little or no prospect of rebound, the downturn in capital city property markets threatens to drag down the rest of the economy.

    And with a mixed outlook for the global economy, doubts are surfacing about where Australia is going to find the fuel to extend its near-record run of 27 years of unbroken economic growth.

    Yearly Change in Median Dwelling Value

    The graph in the article is interactive with a choice of eight cities. Sydey displayed above.

    Major Declines Since 1980

    Click on the graph for an even larger image.

    Perth and Darwin have been clobbered. Sydney is in the works.

    Every Bubble is Different

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    I also like this Tweet in response.

    https://platform.twitter.com/widgets.js

    I believe this person means 2019 not 2018

    https://platform.twitter.com/widgets.js

    Party is Over

    There is no way Australia avoids a recession. I don’t care what the central bank does.

  • Customs Officers Snooping Through More Travelers' Electronic Devices Than Ever

    US Customs and Border Protection officers are snooping through the contents of more travelers’ electronic devices than ever, and don’t follow protocol 67% of the time, according to a new report by the Department of Homeland Security’s internal watchdog. 

    The department’s Inspector General found that there were 29,000 devices searched during “secondary” inspections in 2017 out of 397 million travelers, up from 18,400 searches the previous year on 390 million travelers – less than one percent of all people entering the United States. 

    During an enhanced secondary inspection, CBP’s Office of Field Operations (OFO) can manually review information on a traveler’s electronic devices – or they can connect external equipment to copy information for uploading and analysis in CBP’s Automated Targeting System (ATS)

    Unfortunately for travelers, the OFO was found to have skirted or ignored standard operating procedures during searches of electronic devices, according to the Inspector General report.

    During our review of a sample of border searches of electronic devices conducted between April 2016 and July 2017, we determined that OFO did not always conduct the searches at U.S. ports of entry according to its SOPs. Specifically, because of inadequate supervision to ensure OFO officers properly documented searches, OFO cannot maintain accurate quantitative data or identify and address performance problems related to these searches. In addition, OFO officers did not consistently disconnect electronic devices, specifically cell phones, from networks before searching them because headquarters provided inconsistent guidance to the ports of entry on disabling data connections on electronic devices. OFO also did not adequately manage technology to effectively support search operations and ensure the security of data. -DHS OIG

    Without disconnecting from networks before searching them, OFO officers were able to retrieve or access information stored remotely in violation of DHS policy. 

    The DHS IG recommended better documentation for searches, more consistent disabling of data connections prior to searches, and the deletion of data fom thumb drives once it is no longer needed, and for the development of a system to evaluate whether their electronic surveillance techniques are working. 

  • For The First Time Ever, Bank Of Canada Buys Mortgage Bonds

    Three weeks ago we reported that, the Bank of Canada announced for the first time that in order to prop up the sliding Canadian housing market help increase the tradeable float of its benchmark securities, the central bank would start buying government-backed mortgage bonds, also known as Canada Mortgage Bonds which are guaranteed by Canada Mortgage and Housing Corp.

    Well, it took less than a month for the BoC to execute on its intentions, because on Thursday, the central bank purchased Canada Housing Trust bonds for the first time ever, scooping up C$250 million ($187 million) of the federal agency’s C$5.5 billion five-year notes which priced today.

    Canada Housing Trust, the special issuer of Canada Mortgage and Housing Corp.-backed debt, priced the 2.55% bonds due 2023 at a spread of 40.5 bps over comparable debt issued by the country’s federal treasury, National Bank Financial, the lead coordinator of the deal, said. The housing agency first offered these notes in September at a relatively narrow spread of only 31.5 basis points.

    As we reported at the time, the Bank of Canada said in late November it would broaden the range of high quality assets it acquires to include purchases of government-guaranteed debt issued by federal Crown corporations. While the central bank said the expansion is “only for balance sheet management” and would give it added flexibility to offset the continued growth of bank notes, the cynical skeptics immediately accused the BoC of implicitly stepping in to prop up Canada’s deteriorating housing market.

    The expansion, the BoC said, would also provide more freedom to reduce its participation in primary Canadian government bond auctions and help boost the tradeable float, supporting secondary market liquidity. Of course, if that’s the real reason, one wonders why it took the BOC ten years since the launch of global QE to expand its operation, instead of waiting until Canada had tumbled to 37th place in the latest global ranking of housing markets from commercial real estate firm Knight Frank, from fourth place in the same survey a year earlier, amid a sharp slowing in Canada’s housing market…

    … coupled with the biggest annual drop in the biggest regional housing bubble, Vancouver, which just suffered its biggest annual decline since 2009.

    Meanwhile, the BOC stepped in at just the right time: today’s deal marks the completion of Canada Housing Trust’s funding plan for the year. The agency has an issuance limit of C$40 billion ($30 billion) for 2018, and after today’s deal it has already priced C$39.75 billion of new bonds. In other words, courtesy of the central bank, not a concern is in sight, although one can’t help but recall that just last week the BoC said it would step in only if investor demand did no meet issuance standards. Which begs the question: what would have happened had the BOC not stepped in to complete “investor” demand for the new issue?

    And now, considering that the Canadian housing market is suddenly sliding while household insolvencies and bankruptcies are soaring, we wonder if next on the BoC’s “shopping list” will be overdue credit card bills and second-lien mortgages.

  • "Yes, Virginia, There Is A Deep State!"

    Authored by Ray McGovern via Consortium News,

    In his efforts to uncover the Iran-Contra plot and the machinations surrounding Russia-gate, Bob Parry was in the forefront of journalists exposing the inner workings of the Deep State…

    A year ago yesterday, it became fully clear what was behind the feverish attempt by our intelligence agencies and their mainstream media accomplices to emasculate President Donald Trump with the Russia-gate trope.

    It turned out that the objective was not only to delegitimize Trump and make it impossible for him to move toward a more decent relationship with Russia.

    On December 12, 2017, it became manifestly clear that it was not only the usual suspects — the Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank Complex, namely, the Boeings, Lockheeds, and Raytheons profiteering on high tension with Russia; not only greedy members of Congress upon whom defense contractors lavish some of their profits; not only the TV corporations controlled by those same contractors; and not only the Democrats desperately searching for a way to explain how Hillary Clinton could have lost to the buffoon we now have in the White House.

    No, it was deeper than that. It turns out a huge part of the motivation behind Russia-gate was to hide how the Department of Justice, FBI, and CIA (affectionately known as the Deep State) — with their co-opted “assets” in the media — interfered in the 2016 election in a gross attempt to make sure Trump did not win.

    Russia-gate: Cui Bono?

    This would become crystal clear, even to cub reporters, when the text exchanges between senior FBI officials Peter Strzok and girlfriend Lisa Page were released exactly a year ago. Typically, readers of The New York Times the following day would altogether miss the importance of the text-exchanges.

    Readers of Robert Parry’s article on December 13, 2017, “The Foundering Russia-gate ‘Scandal,” would be gently led to understand the importance of this critical extra dimension explaining the the media-cum-anonymous-intelligence-sources frenzied effort to push the prevailing Russia-gate narrative, and — and how captivated and unprofessional the mainstream media had become.

    Bob Parry did not call me frequently to compare notes, but he did call on Dec. 12, 2017 for a sanity check on the release of the Strzok-Page texts. We agreed on their significance, and I was tempted to volunteer a draft to appear the next day. But it was clear that Bob wanted to take the lead, and it would turn out to be his last substantive piece. He had already laid the groundwork with three articles earlier that month. (All three are worth reading again. Here are the links.

    Robert Parry’s obituaries in the New York Times and Washington Post

    Here’s how Bob began his article on the Strzok-Page bombshell. (Not a fragment of it seemed to impact mainstream media.):

    “The disclosure of fiercely anti-Trump text messages between two romantically involved senior FBI officials who played key roles in the early Russia-gate inquiry has turned the supposed Russian-election-meddling “scandal” into its own scandal, by providing evidence that some government investigators saw it as their duty to block or destroy Donald Trump’s presidency.

    “As much as the U.S. mainstream media has mocked the idea that an American ‘deep state’ exists and that it has maneuvered to remove Trump from office, the text messages between senior FBI counterintelligence official Peter Strzok and senior FBI lawyer Lisa Page reveal how two high-ranking members of the government’s intelligence/legal bureaucracy saw their role as protecting the United States from an election that might elevate to the presidency someone as unfit as Trump.”

    Parry’s Cri de Coeur

    Fast forwarding just two weeks, Bob had a stroke on Christmas Eve, which seriously affected his eyesight. By New Year’s Eve 2017, though, he was able to “apologize” (typical Bob) to Consortium News readers for not filing for two weeks.

    In January, he had additional strokes. When I visited him in the hospital, he was not himself. What is indelible in my memory, though, is the way he kept repeating from his hospital bed: “It’s too much; it’s just too much, too much.”

    What was too much?

    Since Bob told me how hard he had to struggle, with impaired vision, to put together his Dec. 31 piece, and since what he wrote throws such light on Bob and the prostitution of the profession he loved so much, I include a few excerpts below. (Forgive me, but I cannot, for the life of me, pare them down further.)

    These paragraphs from Bob are required reading for those who want to have a some clue as to what has been going on in Washington, and the Faustian bargain Strzok — sorry, I mean struck — between the media and the Deep State. Here’s what Bob, clear-eyed, despite fuzzy eyesight, wrote:

    “On Christmas Eve, I suffered a stroke that has affected my eyesight (especially my reading and thus my writing) although apparently not much else. The doctors have also been working to figure out exactly what happened since I have never had high blood pressure, I never smoked, and my recent physical found nothing out of the ordinary. Perhaps my personal slogan that ‘every day’s a work day’ had something to do with this.

    “Perhaps, too, the unrelenting ugliness that has become Official Washington and national journalism was a factor. It seems that since I arrived in Washington in 1977 as a correspondent for The Associated Press, the nastiness of American democracy and journalism has gone from bad to worse. …

    “More and more I would encounter policymakers, activists and, yes, journalists who cared less about a careful evaluation of the facts and logic and more about achieving a pre-ordained geopolitical result –and this loss of objective standards reached deeply into the most prestigious halls of American media. This perversion of principles –twisting information to fit a desired conclusion – became the modus vivendi of American politics and journalism. And those of us who insisted on defending the journalistic principles of skepticism and evenhandedness were increasingly shunned by our colleagues … Everything became ‘information warfare.’ …

    The demonization of Russian President Vladimir Putin and Russia is just the most dangerous feature of this propaganda process – and this is where the neocons and the liberal interventionists most significantly come together. The U.S. media’s approach to Russia is now virtually 100 percent propaganda. Does any sentient human being read the New York Times’ or the Washington Post’s coverage of Russia and think that he or she is getting a neutral or unbiased treatment of the facts? … The American people and the West in general are carefully shielded from hearing the ‘other side of the story.’ Indeed to even suggest that there is another side to the story makes you a ‘Putin apologist’ or ‘Kremlin stooge.’

    Western journalists now apparently see it as their patriotic duty to hide key facts that otherwise would undermine the demonizing of Putin and Russia. Ironically, many ‘liberals’ who cut their teeth on skepticism about the Cold War and the bogus justifications for the Vietnam War now insist that we must all accept whatever the U.S. intelligence community feeds us, even if we’re told to accept the assertions on faith. …

    “The hatred of Trump and Putin was so intense that old-fashioned rules of journalism and fairness were brushed aside. On a personal note, I faced harsh criticism even from friends of many years for refusing to enlist in the anti-Trump ‘Resistance.’ The argument was that Trump was such a unique threat to America and the world that I should join in finding any justification for his ouster. Some people saw my insistence on the same journalistic standards that I had always employed somehow a betrayal.

    “Other people, including senior editors across the mainstream media, began to treat the unproven Russia-gate allegations as flat fact. No skepticism was tolerated and mentioning the obvious bias among the never-Trumpers inside the FBI, Justice Department and intelligence community was decried as an attack on the integrity of the U.S. government’s institutions. Anti-Trump ‘progressives’ were posturing as the true patriots because of their now unquestioning acceptance of the evidence-free proclamations of the U.S. intelligence and law enforcement agencies.

    “Hatred of Trump had become like some invasion of the body snatchers –or perhaps many of my journalistic colleagues had never believed in the principles of journalism that I had embraced throughout my adult life. To me, journalism wasn’t just a cover for political activism; it was a commitment to the American people and the world to tell important news stories as fully and fairly as I could; not to slant the ‘facts’ to ‘get’ some ‘bad’ political leader or ‘guide’ the public in some desired direction.”

    Robert Parry, who exposed Deep State skullduggery in the Iran-Contra affair, died on January 27, 2018. Our corrupt media, though, live on in infamy. Strokes and pancreatic cancer were named as the cause. But I think Bob was also a casualty of the Faustian media/Deep State bargain. It was just “too much.”

    *  *  *

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  • Tennessee Struck By The Largest Earthquake In 45 Years

    In recent months, there have been massive earthquakes in Venezuela, Fiji, Italy and elsewhere. Here in North America, significant quakes have rattled Oregon, Alaska and the west coast of Mexico.

    While the West Coast is notorious for its earthquakes, other portions of the US are also earthquake-prone.

    Two earthquakes reported Wednesday morning in Eastern Tennessee have shocked Middle Tennesseans and were felt in Georgia, Kentucky, North Carolina, and South Carolina.

    The 4.4 and 3.3 magnitude quakes had an epicenter near Decatur, Tennessee in Meigs County did no significant damage, but the fear is when will the next massive quake strike.

    “A 4.4 magnitude earthquake is a reminder for people to be prepared,” said John Bobel, a public information officer for the division of emergency management in Kentucky’s Lexington-Fayette Urban County Government.

    Middle Tennessee sits between two different seismic zones, the New Madrid Seismic Zone and the East Tennessee Seismic Zone. The New Madrid Seismic Zone extends from Northeastern Arkansas into West Tennessee, Southeastern Missouri, Western Kentucky, and Southern Illinois. The East Tennessee Seismic Zone extends from Northeastern Alabama into Southwestern Virginia.

    Scientists have said that the New Madrid Seismic Zone and the East Tennessee Seismic Zone have unleashed major earthquakes for thousands of years: 

    “On Dec. 16, 1811, the first of three major earthquakes and numerous aftershocks struck what is now known as the New Madrid Seismic Zone, a series of faults that stretch 150 miles from Cairo, Illinois, to Marked Tree, Arkansas.

    Today the zone threatens Alabama, Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. That’s a different set of faults than Wednesday’s quake in the East Tennessee Seismic Zone.

    Back in 1811, New Madrid, Missouri, itself had only 400 people, St. Louis to the north had about 1,500 residents and Memphis to the south wasn’t even a twinkle in its founders’ eyes, according to the Central United States Earthquake Consortium. Damage was reported as far away as Charleston, South Carolina, and the District of Columbia; and the quakes, estimated at 7.5 to 7.7 magnitude, were felt more than 1,000 miles away in Connecticut.”

    According to TransRe, an international reinsurance organization, there are more than 11 million people living in the New Madrid Seismic Zone.

    “The big thing we prepare for is with New Madrid,” Bobel said.

    “Depending on the significance of an earthquake, Memphis, Tennessee, would be gone; St. Louis would be wrecked.”

    The Louisville Courier-Journal said the New Madrid quakes of 1811 and 1812 were almost 2,000 times more powerful than Wednesday’s 4.4 shockwaves and released almost 90,000 times more energy, according to the U.S. Geological Survey’s earthquake calculator.

    It is not a matter of if, but when the big quake strikes. The damage in the fault zone area could be devastating: “Anything west of I-65, infrastructure would be severely damaged,” Bobel said of the interstate that bisects Kentucky and Tennessee. “The ground could even liquify and turn to mud,” which happened in 1811 and 1812.

    The America Earthquake Center at the University of Illinois estimated that in 2008, a 7.7 magnitude quake along the New Madrid Fault could trigger widespread damage:

    “250,000 buildings moderately or severely damaged, more than 260,000 people displaced, significantly more than 60,000 injuries and fatalities, total direct economic losses surpassing $56 billion, $64 billion today when adjusted for inflation. Kentucky would have the next most significant damage, totaling $45 billion, $52 billion today.” 

    Depending on where the exact epicenter of the quake is, “areas within the NMSZ would experience widespread and catastrophic physical damage, negative social impacts, and economic losses,” the Federal Emergency Management Agency said in 2008.

    Seismologists warned that the New Madrid Seismic Zone has a 25% to 40% chance of producing the next big quake within the next five decades, according to Lexington-Fayette Urban County Government. 

  • After Russia Collusion Theory Falls Flat, Mueller Turns To Middle East In Search Of Trump "Gotcha"

    The Mueller investigation – originally launched to determine whether Donald Trump or members of his campaign colluded with Russia to win the 2016 US election, has resulted in dozens of indictments and least eight guilty pleas or convictions – yet notably missing are any indictments related to Russian collusion with the Trump campaign

    With the Russian horse long dead yet still subject to regular beatings, Mueller will now turn his attention to Middle Eastern countries’ attempts to influence American elections, according to the Daily Beast, citing three sources familiar with this aspect of the probe who have said that related court filings are set to drop in early 2019. 

    While one part of the Mueller team has indicted Russian spies and troll-masters, another cadre has been spending its time focusing on how Middle Eastern countries pushed cash to Washington politicos in an attempt to sway policy under President Trump’s administration. Various witnesses affiliated with the Trump campaign have been questioned about their conversations with deeply connected individuals from the United Arab Emirates, Saudi Arabia, and Israel, according to people familiar with the probe. Topics in those meetings ranged from the use of social-media manipulation to help install Trump in the White House to the overthrow of the regime in Iran. –Daily Beast

    Cooperating witnesses have reportedly told the special counsel’s office information about foreigners’ plans to help Trump beat Hillary Clinton in 2016, while Mueller’s team has been mulling whether to issue new charges on this side of the investigation according to two sources with knowledge of the probe. 

    “If this is going to be unveiled, this would be like the surfacing of the submarine but on the other plank which we haven’t seen,” said former US attorney Harry Litman. “I guess what Mueller has to date has turned out to be pretty rich and detailed and more than we anticipated. This could turn out to be a rich part of the overall story.”

    The Beast suggests that former National Security Adviser Michael Flynn – who sat for 19 interviews with Mueller’s team – has provided the special counsel information that may help with the new phase of the investigation. 

    In often-heavily redacted court documents made public over the last two weeks, the Special Counsel’s Office hinted at ways in which Flynn helped with its investigation into links between Trumpworld figures and the Russian government.

    But Flynn was also involved in conversations with representatives and influential individuals from other foreign governments, including the UAE, Saudi Arabia, and Israel—encounters The Daily Beast has reported over the last several months. Flynn’s cooperation with Mueller could bring new details about the scope of the special counsel’s probe into how individuals from those countries offered not only to help Trump win the presidential election, but also how they sought to influence foreign policy in the early days of the administration. –Daily Beast

    The Beast notes that it’s unclear exactly how this aspect of Mueller’s investigation overlaps with his mandate from the Justice Department to investigate Russian collusion – however that hasn’t stopped him from pursuing Paul Manafort over his work in Ukraine, or Michael Cohen’s tax fraud, for example. It’s clear Mueller is able to investigate whatever he pleases. 

    Mueller also has the jurisdiction to “investigate and prosecute federal crimes committed in the course of, and with intent to interfere with, the special counsel’s investigation, such as perjury, obstruction of justice, destruction of evidence, and intimidation of witnesses,” according to the code. –Daily Beast

    “For something like this to happen, Mueller would have needed to get approval from [Deputy Attorney General Rod] Rosenstein for this,” said Litman. “It’s not really in the original grant of jurisdiction and it appears then that he made his case to Rosenstein some time ago and that Rosenstein agreed.”

    Mueller has also reportedly been investigating several meetings involving Lebanese-American businessman and UAE emissary George Nader – who helped arrange a meeting between Blackwater founder and Trump ally Erik Prince and Kirill Dmitriev – head of one of Russia’s sovereign wealth funds. Nader also acted as a go-between of sorts between various Gulf State government representatives, one “well-connected Israeli,” and Trump’s team. Nader has been working with Mueller’s office since March, however it is unknown what information, if any, he has provided. 

    In one August 2016 meeting, first reported by The New York Times and later confirmed by The Daily Beast, Nader told the room that the crown princes of both Saudi Arabia and the UAE were eager to help Trump win the election. Also ready to lend his services was Joel Zamel, a self-styled Mark Zuckerberg of the national-security world with deep ties to Israeli intelligence. Zamel had already been in close contact with the Trump team because one of his companies, Psy Group, had drawn up a plan to use social-media manipulation to help Trump clinch the Republican nomination. The company sent former senior campaign aide Rick Gates that proposal. –Daily Beast

    Zamel and Psy Group had more extensive links to the Trump campaign than previously reported, according to the Beast’s November reporting. Former employees claim that at least two other individuals from Trump’s team reached out to the firm during the campaign. 

    Notably, Zamel “remained close to the Trump team throughout the election and into the transition,” after having been introduced to the campaign through Nader – who Zamel in turn met through former Dick Cheney aide John Hannah – another target of Mueller’s probe. 

    Zamel assisted the Trump team right after the election – even crafting a regime change roadmap for Iran. Nader, meanwhile, was promoting a plan to economically sabotage Tehran – ostensibly a scheme by the Saudi and Emiratis to convince the incoming Trump administration to act against Qatar and Iran – their top regional competitors. 

    The New York Times reported this year that Nader worked with Republican fundraiser Elliott Broidy to urge the White House to take an aggressive stance against the two countries.,” according to the Beast

    Mueller has also probed Nader’s role in the January 2017 Seychelles meeting between Prince and Dmitriev, CEO of the Russian Direct Investment Fund. In his House testimony, Prince said the meeting was a chance encounter and the two met to talk about trade and mineral wealth. But prosecutors this year received evidence that showed the meeting was premeditated. Communications reviewed by The Daily Beast reflect that narrative.

    A memo shows the two spoke about a range of topics, including peace between Ukraine and Russia, military operations in Syria, investment in the Midwest, and nuclear weapons. Although RDIF is under U.S. sanctions, it was and is still legal for U.S. individuals to meet with Dmitriev, and, in some circumstances, do business with the fund. –Daily Beast

    Whatever direction Mueller takes next, we’re sure it will conveniently cast a perpetual shadow of doubt over Donald Trump right into the 2020 election and beyond. 

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Today’s News 13th December 2018

  • Meet The New Merkel, Same As The Old Merkel

    Authored by Tom Luongo,

    So Angela Merkel is out as leader of the Christian Democratic Union (CDU).  In comes Annegret Kramp-Karrenbauer, Merkel’s close ally who won the party’s support with a very narrow victory over more conservative Friedrich Merz.

    The goal , as always in Europe, was to maintain the status quo politically. Change needed to change nothing.  Brexit negotiations are all about handing Britons a Brexit that changes as little as possible, for example.

    French political elites created Emmanuel Macron out of whole cloth to marginalize Francois Melanchon, a more independent French leftist.  The goal was continuity of agenda with Macron the globalist puppet.  But Macron is in serious trouble politically as he revealed himself to be as bad as the departed Francois Hollande. 

    So far this gambit seems to have worked for Merkel and the CDU as snap polls have the CDU/CSU Union up three points and taking those points from the Greens, who have surged as the face of the dissatisfied Left in Germany.

    This surge by both the Greens and Alternative for Germany (AfD) is what prompted this change in the CDU, the major parties are now in a fight for survival as German voters are deeply unhappy with their leadership.  

    But, this change may also quell some of that discontent (at least for now).  With Merkel exiting the stage on one level, it has blunted the growth of AfD who have positioned themselves as the Anti-Merkel party.  

    That’s not a path to long-term success, as I’ve explained in the pastAfD needs to rebrand itself beyond the anti-Merkel party because, once Merkel’s gone, the reason for their existence goes with her.

    And it is clear that AfD is struggling with this mightily.  The polls have them topped out at 17-18% for a while and now backing off to 13-14%.  I never bought the Greens’ move to 15%, it always looked like a protest vote against the Social Democrats (SPD). 

    Merkel keeps winning these small battles as she disengages herself from the stage in Berlin, outfoxing her competition.  But, with a sovereign debt crisis on the horizon will she be able to weather it or will it finally be too much for her?

    *  *  *

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  • Macron Faces Thursday No Confidence Vote As Protesters Reject Economic "Crumbs"

    The majority of French people are not satisfied with a series of new economic policies unveiled by President Emmanuel Macron this week, and say that the Gilets Jaunes (Yellow Vest) protests should continue, according to a new poll. 

    According to a poll by Odoxa, 59% of French say that they are not convinced by Macron, despite finding his proposal “satisfactory,” according to Le FigaroJust 21% found Macron’s new policies convincing despite viewership for his speech jumping 40% over a speech last month

    That said, while Macron may have failed to win his people over – most of those polled agreed with his specific proposals; 61% favored the minimum wage boost, 55% liked the tax-free year-end bonuses and 85% of those surveyed backed no tax on overtime pay. 

    54% of those surveyed said the Yellow Vest protests should continue

    Many of the Yellow Vests have flat-out rejected Macron’s proposals, according to European-Views.

    He is trying to do a pirouette to land back on his feet but we can see that he isn’t sincere, that it’s all smoke and mirrors,” said Jean-Marc, a car mechanic as a gathering of some 150 Yellow Vests in the southern town of Le Boulou.

    It’s just window dressing, for the media, some trivial measures, it almost seems like a provocation,” said Thierry, 55, a bicycle mechanic.

    All this is cinema, it doesn’t tackle the problems of substance. “We’re really wound up, we’re going back to battle,” he told AFP before taking part in blocking the Boulou turnpike on the French-Spanish border.

    “Maybe if Macron had made this speech three weeks ago, it would have calmed the movement, but now it’s too late. For us, this speech is nonsense,” said Gaetan, 34, one of the “Rennes Lapins Jaunes” (Yellow Rabbits of Rennes).

    One 35-year-old French official said that Macron “is being held hostage so he drops some crumbs.” 

    Meanwhile, Macron faces a no confidence vote in parliament on Thursday, after left-of-center lawmakers moved against the President. 

    Approximately 4,100 of the 4,523 Yellow Vest protesters arrested since the Nov 17 start of the massive demonstrations across France were thrown in jail according to French television broadcaster BFMciting police sources. Nearly 2,000 of those arrested were arrested last Saturday during the movement’s “Act IV” protest, according to the Interior Ministry – over half of which, 1,082, occurred in Paris.

    The 48-hour detentions have been criticized for denying citizens their right to demonstrate.

    By locking them up for 48 hours, they were denied the opportunity to go to a demonstration and that in a democratic country is shocking” Paris Bar attorney attorney Raphael Kempf told BFM (translated). 

  • "We're Approaching A Critical Mass…" – Know Your Rights Or You Will Lose Them

    Authored by John Whitehead via The Rutherford Institute,

    “If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be.” – Thomas Jefferson

    We are approaching critical mass, the point at which all hell breaks loose.

    The government is pushing us ever closer to a constitutional crisis.

    What makes the outlook so much bleaker is the utter ignorance of the American people – and those who represent them – about their freedoms, history, and how the government is supposed to operate.

    As Morris Berman points out in his book Dark Ages America, “70 percent of American adults cannot name their senators or congressmen; more than half don’t know the actual number of senators, and nearly a quarter cannot name a single right guaranteed by the First Amendment. Sixty-three percent cannot name the three branches of government. Other studies reveal that uninformed or undecided voters often vote for the candidate whose name and packaging (e.g., logo) are the most powerful; color is apparently a major factor in their decision.”

    More than government corruption and ineptitude, police brutality, terrorism, gun violence, drugs, illegal immigration or any other so-called “danger” that threatens our nation, civic illiteracy may be what finally pushes us over the edge.

    As Thomas Jefferson warned, no nation can be both ignorant and free.

    Unfortunately, the American people have existed in a technology-laden, entertainment-fueled, perpetual state of cluelessness for so long that civic illiteracy has become the new normal for the citizenry.

    It’s telling that Americans were more able to identify Michael Jackson as the composer of a number of songs than to know that the Bill of Rights was the first 10 amendments to the U.S. Constitution.

    In fact, most immigrants who aspire to become citizens know more about national civics than native-born Americans. Surveys indicate that half of native-born Americans couldn’t correctly answer 70% of the civics questions on the U.S. Citizenship test.

    Not even the government bureaucrats who are supposed to represent us know much about civics, American history and geography, or the Constitution although they take an oath to uphold, support and defend the Constitution against “enemies foreign and domestic.”

    For instance, a couple attempting to get a marriage license was recently forced to prove to a government official that New Mexico is, in fact, one of the 50 states and not a foreign country.

    You can’t make this stuff up.

    Here’s a classic example of how surreal the landscape has become.

    Just in time for Bill of Rights Day on December 15, President Trump issued a proclamation affirming the importance of the Bill of Rights in guarding against government abuses of power.

    “The Founding Fathers understood the real threat government can pose to the rights of the people… That is why those first 10 Amendments to the Constitution, among others, protected the right to speak freely, the right to freely worship, the right to keep and bear arms, the right to be free from unreasonable searches and seizures, and the right to due process of law. As a part of the Constitution, the supreme law of the land, the Bill of Rights has protected our rights effectively against the abuse of government power for 227 years… Since there will always be a temptation for government to abuse its power, we reaffirm our commitment to defend the Bill of Rights and uphold the Constitution.”

    Don’t believe it for a second.

    The government doesn’t want its abuses checked and it certainly doesn’t want its powers restricted.

    For that matter, this is not a president who holds the Constitution in high esteem.

    After all, Trump routinely rails against the rights enshrined in the first ten amendments to the Constitutiondecrying the free speech rights of protesters, denouncing the media (which enjoys freedom of the press) as the enemy of the people, supporting government efforts to seize private property through asset forfeiture and eminent domain, refusing to denounce the use of internment camps to detain American citizens, sneering at due process, and encouraging police officers to use excessive force against suspects.

    As law professor Garrett Epps notes:

    Donald Trump ran on a platform of relentless, thoroughgoing rejection of the Constitution itself, and its underlying principle of democratic self-government and individual rights. True, he never endorsed quartering of troops in private homes in time of peace, but aside from that there is hardly a provision of the Bill of Rights or later amendments he did not explicitly promise to override, from First Amendment freedom of the press and of religion to Fourth Amendment freedom from ‘unreasonable searches and seizures’ to Sixth Amendment right to counsel to Fourteenth Amendment birthright citizenship and Equal Protection and Fifteenth Amendment voting rights.”

    To be fair, it’s not all Trump’s fault.

    Indeed, we wouldn’t be in this sorry state if it weren’t for Presidents Barack Obama and George W. Bush and the damage their administrations inflicted on the freedoms enshrined in the Bill of Rights, which historically served as the bulwark from government abuse.

    In the so-called named of national security, since 9/11, the Constitution has been steadily chipped away at, undermined, eroded, whittled down, and generally discarded to such an extent that what we are left with is but a shadow of the robust document adopted more than two centuries ago.

    The Bill of Rights—462 words that represent the most potent and powerful rights ever guaranteed to a group of people officially—became part of the U.S. Constitution on December 15, 1791, because early Americans such as James Madison and Thomas Jefferson understood the need to guard against the government’s inclination to abuse its power.

    Yet the reality we must come to terms with is that in the America we live in today, the government does whatever it wants.

    Make no mistake: if our individual freedoms have been restricted, it is only so that the government’s powers could be expanded at our expense.

    The USA Patriot Act, passed in the wake of the 9/11 attacks, drove a stake through the heart of the Bill of Rights, violating at least six of the ten original amendments—the First, Fourth, Fifth, Sixth, Seventh and Eighth Amendments—and possibly the Thirteenth and Fourteenth Amendments, as well. The Patriot Act also redefined terrorism so broadly that many non-terrorist political activities such as protest marches, demonstrations and civil disobedience were considered potential terrorist acts, thereby rendering anyone desiring to engage in protected First Amendment expressive activities as suspects of the surveillance state.

    Since 9/11, we’ve been spied on by surveillance cameras, eavesdropped on by government agents, had our belongings searched, our phones tapped, our mail opened, our email monitored, our opinions questioned, our purchases scrutinized (under the USA Patriot Act, banks are required to analyze your transactions for any patterns that raise suspicion and to see if you are connected to any objectionable people), and our activities watched.

    We’ve also been subjected to invasive patdowns and whole-body scans of our persons and seizures of our electronic devices in the nation’s airports and at border crossings. We can’t even purchase certain cold medicine at the pharmacy anymore without it being reported to the government and our names being placed on a watch list.

    Government surveillance, militarized police, SWAT team raids, asset forfeiture, eminent domain, overcriminalization, armed surveillance drones, whole body scanners, stop and frisk searches (all sanctioned by Congress, the White House, the courts and the like), etc.: these are merely the weapons of the police state.

    The power of the police state is dependent on a populace that meekly obeys without question.

    Remember: when it comes to the staggering loss of civil liberties, the Constitution hasn’t changed. Rather, it is the American people who have changed.

    Those who gave us the Constitution and the Bill of Rights believed that the government exists at the behest of its citizens. The government’s purpose is to protect, defend and even enhance our freedoms, not violate them.

    It was no idle happenstance that the Constitution opens with these three powerful words: “We the people.” Those who founded this country knew quite well that every citizen must remain vigilant or freedom would be lost. As Thomas Paine recognized, “It is the responsibility of the patriot to protect his country from its government.”

    You have no rights unless you exercise them.

    Still, you can’t exercise your rights unless you know what those rights are.

    “If Americans do not understand the Constitution and the institutions and processes through which we are governed, we cannot rationally evaluate important legislation and the efforts of our elected officials, nor can we preserve the national unity necessary to meaningfully confront the multiple problems we face today,” warns the Brennan Center in its Civic Literacy Report Card. “Rather, every act of government will be measured only by its individual value or cost, without concern for its larger impact. More and more we will ‘want what we want, and [will be] convinced that the system that is stopping us is wrong, flawed, broken or outmoded.’”

    Education precedes action.

    As the Brennan Center concludes “America, unlike most of the world’s nations, is not a country defined by blood or belief. America is an idea, or a set of ideas, about freedom and opportunity. It is these ideas that bind us together as Americans and have kept us free, strong, and prosperous. But these ideas do not perpetuate themselves. They must be taught and learned anew with each generation.”

    There is a movement underway to require that all public-school students pass the civics portion of the U.S. naturalization test100 basic facts about U.S. history and civics—before receiving their high-school diploma, and that’s a start.

    Mind you, it’s only the first of many steps.

    If there is to be any hope for restoring our freedoms and reclaiming our runaway government, we will have to start by breathing life into those three powerful words that set the tone for everything that follows in the Constitution: “we the people.”

    People get the government they deserve.

    As David Fouse writes for National Review, A government by the people, for the people, and of the people is only as wise, as just, and as free as the people themselves.

    It’s up to us.

    We have the power to make and break the government.

    We the American people—the citizenry—are the arbiters and ultimate guardians of America’s welfare, defense, liberty, laws and prosperity.

    It’s time to stop waiting patiently for change to happen. Do more than grouse and complain.

    We must act—and act responsibly.

    Get outraged, get off your duff and get out of your house, get in the streets, get in people’s faces, get down to your local city council, get over to your local school board, get your thoughts down on paper, get your objections plastered on protest signs, get your neighbors, friends and family to join their voices to yours, get your representatives to pay attention to your grievances, get your kids to know their rights, get your local police to march in lockstep with the Constitution, get your media to act as watchdogs for the people and not lapdogs for the corporate state, get your act together, and get your house in order.

    In other words, get moving. 

    A healthy, representative government is hard work. It takes a citizenry that is informed about the issues, educated about how the government operates, and willing to make the sacrifices necessary to stay involved, whether that means forgoing Monday night football in order to attend a city council meeting or risking arrest by picketing in front of a politician’s office.

    Don’t wait for things to get as bad as they are in France, where civil unrest over a government  proposal to raise taxes on gas has turned into violent clashes between protesters and the police.

    Whatever you do, please don’t hinge your freedoms on politics.

    No election will ever truly alleviate the suffering of the American people.

    No matter which party controls Congress or the White House, the government as we have come to know it—corrupt, bloated and controlled by big-money corporations, lobbyists and special interest groups—remains largely unchanged. And “we the people”—overtaxed, overpoliced, overburdened by big government, underrepresented by those who should speak for us and blissfully ignorant of the prison walls closing in on us—continue to trudge along a path of misery.

    Remember what Noam Chomsky had to say about politics? “It is important to bear in mind that political campaigns are designed by the same people who sell toothpaste and cars.

    In other words, as I make clear in my book Battlefield America: The War on the American People, we’re being sold a carefully crafted product by a monied elite who are masters in the art of making the public believe that they need exactly what is being sold to them, whether it’s the latest high-tech gadget, the hottest toy, or the most charismatic politician.

    It’s just another Blue Pill, a manufactured reality conjured up by the matrix in order to keep the populace compliant and convinced that their vote counts and that they still have some influence over the political process.

    Don’t buy any of it.

    The Constitution is neutral when it comes to politics. What the Constitution is not neutral about, however, is the government’s duty to safeguard the rights of the citizenry.

    “We the people” also have a duty that goes far beyond the act of voting: it’s our job to keep freedom alive using every nonviolent means available to us.

    As Martin Luther King Jr. recognized in a speech delivered on December 5, 1955, just four days after Rosa Parks was arrested for refusing to relinquish her seat on a Montgomery city bus: “Democracy transformed from thin paper to thick action is the greatest form of government on earth.”

    Know your rights. Exercise your rights. Defend your rights. If not, you will lose them.

  • California To Tax Text Messages? Like WTF!

    California regulators are weighing a flat tax on text messaging which would help fund a program to make phone service available to low-income residents, according to the San Jose Mercury News, citing a 51-page report released by the California Public Utilities Commission (CPUC). 

    Typical texter

    The tax would likely be a flat fee added to a customer’s monthly bill, instead of a per-text tax – and could be applied retroactively for five years

    It’s a dumb idea,” said Jim Wunderman, president of the Bay Area Council business-sponsored advocacy group. “This is how conversations take place in this day and age, and it’s almost like saying there should be a tax on the conversations we have.” –Mercury News

    Several business groups have opposed the idea, including the Bay Area Council, California Chamber of Commerce and Silicon Valley Leadership Group, among others, who calculated that the new tax would cost wireless customers around $44.5 million per year. 

    Future text-tax victim

    According to the CPUC, the surcharge could help keep the low-income assistance Public Purpose Program budget afloat, which has risen to $998 million in 2017 from $670 million in 2011. That said, telecom industry revenues which have funded the program have fallen from $16.5 billion in 2011 to $11.3 billion in 2017 according to the report. 

    “This is unsustainable over time,” notes the report, which argues that a text message tax will boost revenue that would help low-income Californians afford phone service.

    “From a consumer’s point of view, surcharges may be a wash, because if more surcharge revenues come from texting services, less would be needed from voice services,” said CPUC spokeswoman Constance Gordon in a statement. “Generally, those consumers who create greater texting revenues may pay a bit more, whereas consumers using more voice services may pay less.”

    Wunderman said he’s unaware of any other local, state or federal program that taxes texting. And the wireless industry has argued the state commission even lacks legal grounds for doing so. –Mercury News

    A trade group representing the wireless industries, CTIA, said in a legal filing to the commission that texting is an information service and akin to email, versus a telecommunications service subject to the agency’s legal authority to tax services. The trade group added that a tax on text messages would put wireless carriers at a greater disadvantage to alternative messaging platforms such as WhatsApp, Facebook Messenger and Apple’s iMessage. 

    Woman who just read about the proposed text tax

    “Subjecting wireless carriers’ text messaging traffic to surcharges that cannot be applied to the lion’s share of messaging traffic and messaging providers is illogical, anticompetitive and harmful to consumers,” reads the CTIA’s filing. 

    The CPUC report can be found below.

  • China Is Now Data-Mining Directly From The Brains Of Workers

    Authored by Meadow Clark via Daisy Luther’s Organic Prepper blog,

    China is deploying emotional surveillance technology that mines data from the minds of its citizens. Essentially, they’re data mining by reading their brains.

    The light-weight sensory helmets have been rolled out on an industrial scale. The mind data-mining and emotional surveillance programs are eerily similar to trends in the United States to monitor and probe the mental health of its citizens through facial recognition.

    This past spring, Facebook landed in hot water over a data leak which felt like a major privacy violation to millions of its users…

    …But China was taking data mining to the next level.

    Around the same time, however, China quietly reported that its government is openly fishing data from workers’ minds: making a Facebook leak pale in comparison.

    South Morning China Post describes a typical production line at Hangzhou Zhongheng Electric and reports:

    […]the workers wear caps to monitor their brainwaves, data that management then uses to adjust the pace of production and redesign workflows, according to the company.

    The company said it could increase the overall efficiency of the workers by manipulating the frequency and length of break times to reduce mental stress.

    Hangzhou Zhongheng Electric is just one example of the large-scale application of brain surveillance devices to monitor people’s emotions and other mental activities in the workplace, according to scientists and companies involved in the government-backed projects.

    The wireless sensors are concealed under a normal uniform hat and constantly monitor brain waves while sending the data back into main computers that use AI algorithms to detect any unpleasant emotional spikes such as “depression, anxiety or rage.”

    In addition, a special camera watches their facial expressions and their body temperatures are monitored. Pressure sensors detect all shifts in body language.

    Of course, it’s funded by the government.

    Neuro Cap is a central government-funded brain surveillance project at Ningbo University where a lot of the research takes place. It’s been implemented in more than a dozen factories and businesses including train drivers working on the Beijing-Shanghai high-speed rail line using the technology from Deayea company in Shanghai.

    The built-in sensors in the brim of the hats can sound an alarm if the rail driver starts to fall asleep.

    The application of this emotional surveillance extends to hospitals and in the military which no one will comment on. Instead of using it on hospital employees, however, it is used to monitor patients in case of a “violent outburst.”

    Jin Jia, associate professor of brain science and cognitive psychology at Ningbo University’s business school explains:

    When the system issues a warning, the manager asks the worker to take a day off or move to a less critical post. Some jobs require high concentration. There is no room for a mistake.

    Of course, she notes the initial fear and suspicion of employees but that after a while “they got used to the device. It looked and felt just like a safety helmet. They wore it all day at work.”

    “They thought we could read their mind. This caused some discomfort and resistance in the beginning,” she said.

    They probably had this strange idea that they could read their minds because they were literally reading their minds.

    The plan is for the technology to be used as a “mental keyboard” where commands from the brains of the wearer are executed by thought.

    It’s increasing profits, which means this will spread.

    Right now, it is significantly increasing profits and giving China an edge on other markets.

    SCMP states:

    The technology is also in use at in Hangzhou at State Grid Zhejiang Electric Power, where it has boosted company profits by about 2 billion yuan (US$315 million) since it was rolled out in 2014, according to Cheng Jingzhou, an official overseeing the company’s emotional surveillance programme.

    “There is no doubt about its effect,” Cheng said.

    Zhao Binjian, a manger of Ningbo Shenyang Logistics, said the company was using the devices mainly to train new employees. The brain sensors were integrated in virtual reality headsets to simulate different scenarios in the work environment.

    “It has significantly reduced the number of mistakes made by our workers,” Zhao said, because of “improved understanding” between the employees and company.

    The company estimated the technology had helped it increase revenue by 140 million yuan in the past two years.

    While the tech has raised concerns of abuse and calls for regulations, “China has applied it on an unprecedented scale in factories, public transport, state-owned companies, and the military to increase the competitiveness of its manufacturing industry and to maintain social stability,” the report says.

    In fact, it’s already here.

    Variations of this tech are here in the United States or coming soon. As Zerohedge points out, Google already has patents with ready-made plans for surveillance in the new smart home, including your children’s bedrooms.

    There are already apps intended for the U.S. that monitor mental health behavior in patients.

    China is also using their facial recognition to tag jaywalkers so it doesn’t stand to reason that they have spent untold amounts on this technology for the enjoyment of their nation’s individuals.

    Facial recognition cameras were recently rolled out in a New York school district. The company making the tech is offering it to a county for free because it’s for the safety of “the children.”

    With only one or two cautions, a Psychology Today report extols the virtues of the future of mental health facial tracking, or rather, AI truth tracking and calls it “the end of hiding” as though privacy itself holds a criminal intent:

    We’ve always known that faces convey information to others, but now ever-present electronic eyes can watch us with untiring attention and with the training to spot our most fleeting micro-expressions.

    As the machines’ learning advances, step by step, we must make or accept tradeoffs, explicitly or implicitly. That’s why it’s worth looking into those electronic eyes, to understand their applications and their social risks and benefits.

    Clearly, there’s potential for abuse.

    Qiao Zhian, professor of management psychology at Beijing Normal University, acknowledges that the Chinese brain-mining technology would give a competitive edge to those who deploy it. However, he seems to be the only one quoted in the report who pointed out the obvious Orwellian 1984 vibe going.

    Qiao said that the technology could also be abused by companies “to control minds and infringe privacy,” mirroring Big Brother “thought police” – the dreadful law enforcement in 1984 who interrogated and punished people for displaying beliefs out of line with the upper echelon.

    “There is no law or regulation to limit the use of this kind of equipment in China. The employer may have a strong incentive to use the technology for higher profit, and the employees are usually in too weak a position to say no,” he said.

    The selling of Facebook data is bad enough. Brain surveillance can take privacy abuse to a whole new level.

    He adds that there should be urgent legislation to protect workers’ interests and bargaining power. He urges lawmakers to”act now to limit the use of emotion surveillance.” With one last haunting thought, Qiao warned:

    The human mind should not be exploited for profit.

    Mining data from our minds won’t benefit US personally.

    But more than violating the most inner privacy of all to maximize production, our thoughts and feelings shouldn’t be outsourced to AI monitors or read back to a lustful employer. What kind of environment makes it more lucrative to spend millions on tech to monitor thoughts and feelings when a truly free environment would allow individuals to voice any problems and work together to solve them?

    Obviously, the Chinese government didn’t go through all that trouble to increase the life benefits for employees there.

  • Goodyear Shutters Venezuela Plant, Gives Out Tires As Severance

    Venezuela’s economic depression has claimed yet another victim, as Goodyear Tire announced it would shutter its Venezuela operations and lay off its entire local workforce, the latest foreign corporation to close shop in the crisis-torn county. On Monday, employees arrived at the company’s lone plant in the industrial city of Valencia to find it closed with a letter posted on the door. “Goodyear Venezuela has been forced to cease operations,” according to a copy seen by Bloomberg.

    The departure of foreign companies from Venezuela is hardly surprising: in fact, it is remarkable that Goodyear manages to last as long as it did. What was more notable was how the company said goodbye to its employees one last time.  According to Eduar Bremo, a member of Goodyear’s factory-workers union, the company is not only paying (token) severance packages to its more than 1,200 employees but is also giving each 10 tires, which have become hugely valuable in the shortage-wracked socialist paradise. According to Bremo, the plant produced some 1,000 tires a day, but a lack of materials and soaring costs forced it to shut its doors.

    Years of economic depression and a hostile government have forced companies such as Kellogg and Kimberly-Clark to abandon Venezuela as hyperinflation rendered most of their business conducted in local currency unsustainable.

    Other companies have slashed their work forces and limited their product offerings as they hold out for better days. Last week, Ford Motor began offering its employees buyouts as it further scaled back its remaining Venezuela operations. It was unclear if Ford would give out cars as a parting gift to its local employees.

  • Multipolar World Order In The Making: Qatar Dumps OPEC

    Authored by Federico Pieraccini via The Strategic Culture Foundation,

    The decision by Qatar to abandon OPEC threatens to redefine the global energy market, especially in light of Saudi Arabia’s growing difficulties and the growing influence of the Russian Federation in the OPEC+ mechanism.

    In a surprising statement, Qatari energy minister Saad al-Kaabi warned OPEC on Monday December 3 that his country had sent all the necessary documentation to start the country’s withdrawal from the oil organization in January 2019. Al-Kaabi stressed that the decision had nothing to do with recent conflicts with Riyadh but was rather a strategic choice by Doha to focus on the production of LNG, which Qatar, together with the Russian Federation, is one of the largest global exporters of. Despite an annual oil extraction rate of only 1.8% of the total of OPEC countries (about 600,000 barrels a day), Qatar is one of the founding members of the organization and has always had a strong political influence on the governance of the organization.

    In a global context where international relations are entering a multipolar phase, things like cooperation and development become fundamental; so it should not surprise that Doha has decide to abandon OPEC. OPEC is one of the few unipolar organizations that no longer has a meaningful purpose in 2018, given the new realities governing international relations and the importance of the Russian Federation in the oil market.

    Besides that, Saudi Arabia requires the organization to maintain a high level of oil production due to pressure coming from Washington to achieve a very low cost per barrel of oil. The US energy strategy targets Iranian and Russian revenue from oil exports, but it also aims to give the US a speedy economic boost. Trump often talks about the price of oil falling as his personal victory. The US imports about 10 million barrels of oil a day, which is why Trump wrongly believes that a decrease in the cost per barrel could favor a boost to the US economy. The economic reality shows a strong correlation between the price of oil and the financial growth of a country, with low prices of crude oil often synonymous of a slowing down in the economy.

    It must be remembered that to keep oil prices high, OPEC countries are required to maintain a high rate of production, doubling the damage to themselves. Firstly, they take less income than expected and, secondly, they deplete their oil reserves to favor the strategy imposed by Saudi Arabia on OPEC to please the White House. It is clearly a strategy that for a country like Qatar (and perhaps Venezuela and Iran in the near future) makes little sense, given the diplomatic and commercial rupture with Riyadh stemming from tensions between the Gulf countries.

    In contrast, the OPEC+ organization, which also includes other countries like the Russian Federation, Mexico and Kazakhstan, seems to now to determine oil and its cost per barrel. At the moment, OPEC and Russia have agreed to cut production by 1.2 million barrels per day, contradicting Trump’s desire for high oil output.

    With this last choice Qatar sends a clear signal to the region and to traditional allies, moving to the side of OPEC+ and bringing its interests closer in line with those of the Russian Federation and its all-encompassing oil and gas strategy, two sectors in which Qatar and Russia dominate market share.

    In addition, Russia and Qatar’s global strategy also brings together and includes partners like Turkey (a future energy hub connecting east and west as well as north and south) and Venezuela. In this sense, the meeting between Maduro and Erdogan seems to be a prelude to further reorganization of OPEC and its members.

    The declining leadership role of Saudi Arabia in the oil and financial market goes hand in hand with the increase of power that countries like Qatar and Russia in the energy sectors are enjoying. The realignment of energy and finance signals the evident decline of the Israel-US-Saudi Arabia partnership. Not a day goes by without corruption scandals in Israel, accusations against the Saudis over Khashoggi or Yemen, and Trump’s unsuccessful strategies in the commercial, financial or energy arenas. The path this doomed trio is taking will only procure less influence and power, isolating them more and more from their opponents and even historical allies.

    Moscow, Beijing and New Delhi, the Eurasian powerhouses, seem to have every intention, as seen at the trilateral summit in Buenos Aires, of developing the ideal multipolar frameworks to avoid continued US dominance of the oil market through shale revenues or submissive allies as Saudi Arabia, even though the latest spike in production is a clear signal from Riyadh to the USA. In this sense, Qatar’s decision to abandon OPEC and start a complex and historical discussion with Moscow on LNG in the format of an enlarged OPEC marks the definitive decline of Saudi Arabia as a global energy power, to be replaced by Moscow and Doha as the main players in the energy market.

    Qatar’s decision is, officially speaking, unconnected to the feud triggered by Saudi Arabia against the small emirate. However, it is evident that a host of factors has led to this historic decision. The unsuccessful military campaign in Yemen has weakened Saudi Arabia on all fronts, especially militarily and economically. The self-inflicted fall in the price of oil is rapidly consuming Saudi currency reserves, now at a new low of less than 500 billion dollars. Events related to Mohammad bin Salman (MBS) have de-legitimized the role of Riyadh in the world as a reliable diplomatic interlocutor. The internal and external repression by the Kingdom has provoked NGOs and governments like Canada’s to issue public rebukes that have done little to help MBS’s precarious position.

    In Syria, the victory of Damascus and her allies has consolidated the role of Moscow in the region, increased Iranian influence, and brought Turkey and Qatar to the multipolar side, with Tehran and Moscow now the main players in the Middle East. In terms of military dominance, there has been a clear regional shift from Washington to Moscow; and from an energy perspective, Doha and Moscow are turning out to be the winners, with Riyadh once again on the losing side.

    As long as the Saudi royal family continues to please Donald Trump, who is prone to catering to Israeli interests in the region, the situation of the Kingdom will only get worse. The latest agreement on oil production between Moscow and Riyad signals that someone in the Saudi royal family has probably figured this out.

    Countries like Turkey, India, China, Russia and Iran understand the advantages of belonging to a multipolar world, thereby providing a collective geopolitical ballast that is mutually beneficial. The energy alignment between Qatar and the Russian Federation seems to support this general direction, a sort of G2 of LNG gas that will only strengthen the position of Moscow on the global chessboard, while guaranteeing a formidable military umbrella for Doha in case of a further worsening of relations between Saudi Arabia and Qatar.

  • National Enquirer Publisher Admits To Trump Hush-Money Scheme Hours After Cohen Sentenced

    Hours after former Trump attorney Michael Cohen was sentenced to three years in prison for various crimes, the parent company of the National Enquirer, American Media Inc. (AMI), admitted responsibility for its role in a $150,000 “catch-and-kill” hush money payment to a former Playboy Playmate who alleged that she had an affair with Donald Trump in 2006, reports Bloomberg

    Under a non-prosecution agreement, AMI admitted that it refused to publish Karen McDougal’s claim and prevent it from influencing the election” after she agreed to a contract negotiated by Cohen, according to a now-settled lawsuit McDougal filed in March against AMI in Los Angeles Superior Court. 

    As the Wall Street Journal reported in November, 2016;

    The tabloid-newspaper publisher reached an agreement in early August with Karen McDougal, the 1998 Playmate of the Year. American Media Inc., which owns the Enquirer, hasn’t published anything about what she has told friends was a consensual romantic relationship she had with Mr. Trump in 2006. At the time, Mr. Trump was married to his current wife, Melania.

    Quashing stories that way is known in the tabloid world as “catch and kill.” –WSJ

    In a written statement, American Media Inc. claims it wasn’t buying McDougal’s story for $150,000 – rather, they were buying two years’ worth of her fitness columns, magazine covers and exclusive life rights to any relationship she has had with a then-married man. “AMI has not paid people to kill damaging stories about Mr. Trump,” read the statement.

    Looks like they’ve walked that back, bigly.

    According to AMI’s cooperation agreement, Cohen and another campaign official met with AMI Chairman and longtime Trump friend David Pecker about the payment around August 2015. 

    David thought Donald walked on water,” an ex-Enquirer employee told the New Yorker in July 2017, adding that Pecker had been using Trump’s private plane for trips to Florida. “Donald treated David like a little puppy. Donald liked being flattered, and David thought Donald was the king.Both have similar management styles, similar attitudes, starting with absolute superiority over anybody else.”

    Gus Wenner, head of Wenner Media’s digital operations, which recently sold US Weekly and Men’s Health titles to American Media, told the New Yorker: “He was painting Donald as extremely loyal to him, and he had no issue being loyal in return. He told me very bluntly that he had killed all sorts of stories for Trump. He hired a girl to be a columnist when she threatened to go public with a story about Donald.” –Newsweek

    “As a part of the agreement, AMI admitted that it made the $150,000 payment in concert with a candidate’s presidential campaign, and in order to ensure that the woman did not publicize damaging allegations about the candidate before the 2016 presidential election,” prosecutors wrote in the deal. 

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.sponsored-url{font-size:9px;font-weight:bold;text-decoration:underline;color:green;}.thumbs-feed-01-b .sponsored{font-size:9px;font-weight:normal;text-decoration:none;color:#9C9A9C;}.thumbs-feed-01-b .video-category{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .video-duration-detail{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .video-rating{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .video-uploader{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .video-views{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .video-published-date{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .sponsored-default .video-title{max-height:2.58em;*height:2.58em;}.thumbs-feed-01-b .sponsored-default .video-description{max-height:2.2em;*height:2.2em;}.thumbs-feed-01-b .videoCube{width:auto;_width:auto;background-color:transparent;border-width:0px 0px 0px 0px;border-color:#E4E4E4;padding:0px 0px 0px 0px;height:auto;margin-left:0px;margin-top:0px;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px;border-style:SOLID;}.thumbs-feed-01-b div.videoCube:hover,.thumbs-feed-01-b div.videoCube_hover{background-color:transparent;}.thumbs-feed-01-b .sponsored-default{background-color:#F7F6C6;}.thumbs-feed-01-b div.sponsored-default:hover,.thumbs-feed-01-b div.sponsored-default.videoCube_hover{background-color:inherit;}.thumbs-feed-01-b .videoCube .thumbnail-overlay{background-image:null;background-position:5% 5%;}.thumbs-feed-01-b .videoCube:hover .thumbnail-overlay,.thumbs-feed-01-b .videoCube_hover .thumbnail-overlay{background-image:null;}.thumbs-feed-01-b .trc_rbox_border_elm{border-color:darkgray;}.thumbs-feed-01-b .videoCube .thumbBlock{border-width:0px;border-color:darkgray;}.thumbs-feed-01-b div.videoCube:hover .thumbBlock{border-color:inherit;}.thumbs-feed-01-b .pager_enabled{color:#0056b3;}.thumbs-feed-01-b .trc_pager_counter{color:#000000;}.thumbs-feed-01-b .pager_disabled{color:#7d898f;}.thumbs-feed-01-b .trc_pager_prev:hover,.thumbs-feed-01-b .trc_pager_next:hover{color:#6497ED;}.thumbs-feed-01-b .trc_pager_selected{color:#0056b3;}.thumbs-feed-01-b .trc_pager_unselected{color:#7d898f;}.thumbs-feed-01-b div.trc_pager_pages div:hover{color:#6497ED;}.thumbs-feed-01-b .trc_lightbox_overlay{background-color:#000000;opacity:0.70;filter:alpha(opacity=70);}.thumbs-feed-01-b .video-label-box{text-align:left;}.thumbs-feed-01-b .trc_sponsored_overlay{background-color:black;}.thumbs-feed-01-b .thumbnail-emblem{background-position:5% 5%;}.thumbs-feed-01-b .videoCube .sponsored{margin-top:-7px;}.thumbs-feed-01-b {width:300px;_width:300px;border-width:0px 0px 0px 0px;border-style:solid solid solid solid;border-color:#DFDFDF;padding:0px 0px 0px 0px;border-radius:0;-moz-border-radius:0;-webkit-border-radius:0;box-shadow:none;}.thumbs-feed-01-b .videoCube.vertical{border-style:solid none none none;}.thumbs-feed-01-b .videoCube.horizontal{border-style:none;}.thumbs-feed-01-b .trc_pager_prev,.thumbs-feed-01-b .trc_pager_next{font-size:12px;font-weight:normal;text-decoration:none;}.thumbs-feed-01-b .trc_pager_pages div{font-size:12px;font-weight:normal;text-decoration:none;}.thumbs-feed-01-b .video-external-data{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .trc_pager div{font-family:serif;}.thumbs-feed-01-b .playerCube .thumbnail-overlay{background-image:null;background-position:5% 5%;}.thumbs-feed-01-b .playerCube:hover .thumbnail-overlay,.thumbs-feed-01-b .playerCube_hover .thumbnail-overlay{background-image:null;}.thumbs-feed-01-b .playerCube .videoCube{background-color:transparent;border-color:#D6D5D3;border-width:1px;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px;margin-left:0px;margin-top:0px;padding:3px;}.thumbs-feed-01-b .playerCube .videoCube.horizontal{border-style:none none none none;}.thumbs-feed-01-b .playerCube .videoCube .video-label-box{margin-left:81px;margin-right:0px;}.thumbs-feed-01-b .playerCube .video-duration-detail{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .playerCube .video-external-data{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .playerCube .video-label-box{text-align:left;}.thumbs-feed-01-b .playerCube .video-published-date{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .playerCube .video-category{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .playerCube .video-description{font-family:Arial, Helvetica, sans-serif;font-size:10px;line-height:11px;font-weight:normal;text-decoration:none;max-height:2.2em;*height:2.2em;color:black;}.thumbs-feed-01-b .playerCube .videoCube .video-duration{display:block;left:36px;}.thumbs-feed-01-b .playerCube .videoCube .thumbBlock{border-width:0px;border-color:darkgray;}.thumbs-feed-01-b .playerCube .video-rating{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .playerCube .video-uploader{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .playerCube .video-views{font-size:10px;font-weight:normal;text-decoration:none;color:black;}.thumbs-feed-01-b .playerCube .video-title{font-family:Arial, Helvetica, sans-serif;text-decoration:none;font-size:14px;line-height:17.5px;font-weight:bold;max-height:2.58em;*height:2.58em;color:black;}.thumbs-feed-01-b .playerCube div.videoCube:hover,.thumbs-feed-01-b div.videoCube_hover{background-color:transparent;}.thumbs-feed-01-b .whatsThisSyndicated{font-family:Arial, Verdana, sans-serif;font-size:9px;font-weight:normal;color:black;text-decoration:none;padding:0;}.thumbs-feed-01-b div.syndicatedItem:hover,.thumbs-feed-01-b div.syndicatedItem.videoCube_hover{background-color:transparent;}.thumbs-feed-01-b div.syndicatedItem:hover .thumbBlock{border-color:inherit;}.thumbs-feed-01-b .videoCube.syndicatedItem{background-color:transparent;border-color:#E4E4E4;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px;border-width:0px 0px 0px 0px;border-style:SOLID;}.thumbs-feed-01-b .videoCube.syndicatedItem.horizontal{border-style:none;}.thumbs-feed-01-b .videoCube.syndicatedItem .thumbBlock{border-color:darkgray;border-width:0px;}.thumbs-feed-01-b .videoCube.syndicatedItem .thumbnail-overlay{background-image:null;background-position:5% 5%;}.thumbs-feed-01-b .videoCube.syndicatedItem.vertical{border-style:solid none none none;}.thumbs-feed-01-b .videoCube.syndicatedItem .video-duration{display:none;left:36px;}.thumbs-feed-01-b .videoCube.syndicatedItem .video-label-box{margin-left:;}.thumbs-feed-01-b .syndicatedItem{background-color:transparent;}.thumbs-feed-01-b .syndicatedItem .video-description{max-height:2.2em;*height:2.2em;color:#000000;font-family:Verdana, Geneva, sans-serif;font-size:14px;font-weight:normal;line-height:19.0px;text-decoration:none;}.thumbs-feed-01-b .syndicatedItem .video-title{max-height:44.0px;*height:44.0px;color:#000000;font-family:Verdana, Geneva, sans-serif;font-size:16.0px;line-height:22.0px;font-weight:bold;text-decoration:none;}.thumbs-feed-01-b .syndicatedItem .sponsored{color:#9C9A9C;font-size:9px;font-weight:normal;text-decoration:none;}.thumbs-feed-01-b .syndicatedItem .sponsored-url{color:green;font-size:9px;font-weight:bold;text-decoration:underline;}.thumbs-feed-01-b .syndicatedItem .video-category{color:black;font-size:10px;font-weight:normal;text-decoration:none;}.thumbs-feed-01-b .syndicatedItem .video-duration-detail{color:black;font-size:10px;font-weight:normal;text-decoration:none;}.thumbs-feed-01-b .syndicatedItem .video-external-data{color:black;font-size:10px;font-weight:normal;text-decoration:none;}.thumbs-feed-01-b .syndicatedItem .video-published-date{color:black;font-size:10px;font-weight:normal;text-decoration:none;}.thumbs-feed-01-b .syndicatedItem .video-rating{color:black;font-size:10px;font-weight:normal;text-decoration:none;}.thumbs-feed-01-b .syndicatedItem .video-uploader{color:black;font-size:10px;font-weight:normal;text-decoration:none;}.thumbs-feed-01-b .syndicatedItem .video-views{color:black;font-size:10px;font-weight:normal;text-decoration:none;}.thumbs-feed-01-b .syndicatedItem .branding{color:#999999;font-size:11.0px;font-weight:bold;text-decoration:none;font-family:Arial, Helvetica, sans-serif;background-image:null;text-align:left;}.thumbs-feed-01-b .videoCube.syndicatedItem .thumbBlock .branding{text-align:left;background-color:transparent;display:none;left:0px;color:black;font-size:10px;font-weight:normal;text-decoration:none;font-family:Arial, Helvetica, sans-serif;background-image:null;}.thumbs-feed-01-b .videoCube.syndicatedItem .thumbBlock .static-text{text-align:left;background-color:black;display:none;color:white;font-size:10px;font-weight:normal;text-decoration:none;font-family:Arial, Helvetica, sans-serif;}.thumbs-feed-01-b .videoCube.thumbnail_start .thumbBlock_holder{width:40%;_width:40%;}.thumbs-feed-01-b .trc_rbox_header_icon_img{margin:0px;height:18px;}.thumbs-feed-01-b .video-icon-img{margin:0px;height:18px;}.thumbs-feed-01-b .video-label-box.trc-pre-label{height:0px;}.thumbs-feed-01-b .syndicatedItem .video-label-box.trc-pre-label{height:0px;}.thumbs-feed-01-b .videoCube.thumbnail_start .trc-pre-label{width:60%;_width:60%;}.thumbs-feed-01-b .videoCube.thumbnail_start.trc-split-label .trc-main-label{width:30%;_width:30%;}.thumbs-feed-01-b .videoCube.thumbnail_start.trc-split-label .trc-pre-label{width:30%;_width:30%;}.thumbs-feed-01-b .videoCube .video-label-box.trc-pre-label{margin:0px 0px 0px 0px;}.thumbs-feed-01-b .branding{color:#999999;font-size:11.0px;font-weight:bold;text-decoration:none;font-family:Arial, Helvetica, sans-serif;background-image:null;text-align:left;}.thumbs-feed-01-b .branding .logoDiv a span{color:inherit;font-size:inherit;}.thumbs-feed-01-b .branding div.logoDiv{font-family:inherit;}.logoDiv a {
    text-decoration: none !important;
    }
    .trc_rbox_div {
    margin: 0;
    }

    /*.trc_rbox .trc_rbox_header {
    padding: 5px;
    }*/

    .trc_rbox .sponsored-default .video-description {
    display: none;
    }

    DIV.trc_related_container .trc_rbox .trc_rbox_div .video_group {
    padding: 0;
    max-height: auto!important;
    }

    .trc_rbox .videoCube .thumbnail-overlay {
    position: absolute!important;
    /*margin-left: -137px;*/
    }
    .trc_rbox .videoCube .thumbnail-overlay .overlay {
    background-color: black;
    opacity: 0.5;
    padding: 5px;
    position: absolute;
    width: 127px;
    /*filter: alpha(opacity=0.5);*/
    }
    .trc_rbox .videoCube .thumbnail-overlay .play_video_link {
    position: absolute;
    width: 137px;
    }
    .trc_rbox .videoCube .thumbnail-overlay .play_video_link a {
    background-image: url(http://www.bloomberg.com/images/icons/icon_video_17x13.png);
    background-repeat: no-repeat;
    color: white;
    display: block;
    font-family: Arial, Helvetica, sans-serif;
    font-weight: bold;
    background-position: 5px 81px;
    padding: 79px 0px 5px 27px;
    }
    .trc_rbox .videoCube .thumbBlock img {
    float: none;
    padding-left: 0!important;
    padding-right: 0!important;
    }
    .trc_rbox .sponsored-default .thumbBlock {
    border: solid 1px #dddddd;
    width: 137px!important;
    *height: 81px!important;
    padding-top: 16px;
    box-sizing: border-box;
    -webkit-box-sizing: border-box;
    -moz-box-sizing: border-box;
    background-color: white;
    }
    .trc_rbox .sponsored-default .thumbBlock img {
    width: auto !important;
    height: 81px !important;
    }
    .trc_rbox .sponsored {
    text-align: center;
    width: 137px;
    top: auto;
    _top: auto;
    *margin-left: -142px;
    position: absolute;
    margin-top: 0;
    }

    .sponsored-url {
    font-weight:normal;
    float:none;
    text-decoration:none;
    display: block;
    width: auto;
    }

    .trc_rbox_div .videoCube{
    padding-right:0px !important;
    padding-left: 0px !important;
    }

    .trc_rbox_div .videoCube {
    /* *height: 99px;*/
    }

    .taboola_horizontal_bb_video .trc_rbox_div .videoCube{
    padding:7px 6px 8px;
    }

    .autosized-1h .trc_rbox_div .videoCube{
    padding-right:0px !important;
    padding-left: 0px !important;
    }

    .autosized-1h-sc .trc_rbox_div .videoCube{
    padding-right:0px !important;
    padding-left: 0px !important;
    }

    .grid-2×2-video .trc_rbox_div .videoCube{
    padding-right:0px !important;
    padding-left: 0px !important;
    }

    .loading-animation {
    font-size:12px;
    font-family:Verdana;
    color:#000000;
    margin-top:10px;
    margin-left:10px;
    border:none;
    text-align:left;
    font-weight:normal;
    }

    DIV.videoCube {
    cursor: default!important;
    }
    DIV.videoCube a {
    cursor: pointer;
    }
    .videoCube .play_video_link a {
    color: white;
    }

    .videoCube a .video-label-box {
    /* height: 85px; */
    height: auto;
    }

    .videoCube.sponsored-default a .video-label-box {
    height: 85px;
    }

    /*
    .trc_rbox.rbox-t2v {
    width: 628px;
    }

    .rbox-t2v .trc_rbox_div {
    padding: 0 6px;
    }

    .rbox-t2v .videoCube {
    padding: 10px 8px 0;
    }

    .rbox-t2v .videoCube a .thumbBlock {
    float: none;
    }
    .rbox-t2v .videoCube a .thumbBlock img {
    float: none;
    }
    .rbox-t2v .videoCube a .video-label-box {
    margin: 0;
    }

    .trc_rbox.rbox-t2v .videoCube .thumbnail-overlay {
    margin-left: 0;
    }

    .trc_rbox.rbox-t2v .trc_pager_wrapper {
    position: absolute;
    width: 628px;
    }
    .trc_rbox .trc_pager {
    margin-top: -176px;
    display: block;
    right: 8px;
    font-size: 11px!important;
    }

    .trc_rbox .trc_pager_pages { display: none!important; }
    .trc_rbox .trc_pager_counter {
    display: block!important;
    color: #d1d1d1;
    }
    .trc_rbox .pager_enabled {
    color: white;
    font-weight: bold;
    margin-top: 2px!important;
    }
    .trc_rbox .pager_disabled {
    color: transparent;
    }
    */
    .rbox-t2v .trc_pager_counter {
    color: #d1d1d1;
    }
    .rbox-t2v .pager_enabled {
    color: white;
    font-weight: bold;
    }
    .rbox-t2v .pager_disabled {
    display:none;
    }
    .rbox-t2v .trc_pager_prev:hover, .rbox-t2v .trc_pager_next:hover{
    color:white;
    }

    /* Hide R-Box on market pages until it is loaded */

    /* AB tested R-Box t2v horizontal */
    .taboola_horizontal_bb_video .trc_rbox .trc_rbox_div { height: 155px; width: auto; }
    .taboola_horizontal_bb_video .trc_rbox .videoCube { height: 155px; margin:0 4px; _margin: 0 4px; *width: 140px;}
    .taboola_horizontal_bb_video .trc_rbox .videoCube .video-label-box { margin-top: 2px; margin-left: 0; }
    .taboola_horizontal_bb_video .trc_rbox .sponsored { top: 8px; }
    .taboola_horizontal_bb_video .trc_rbox .pager_enabled, .taboola_horizontal_bb_video .trc_rbox .pager_disabled { font-weight: bold; }
    .taboola_horizontal_bb_video .trc_rbox .videoCube.sponsored-default a .video-label-box { height: auto; }
    .taboola_horizontal_bb_video .trc_rbox .sponsored-url { text-decoration: none; }
    .taboola_horizontal_bb_video .trc_rbox .videoCube .video-title { *height: 2.58em; }
    .taboola_horizontal_bb_video .trc_rbox .sponsored-default .video-title { max-height: 2.58em; margin-bottom:0px!important;}
    .taboola_horizontal_bb_video .trc_rbox .videoCube.sponsored-default a .video-label-box { height: auto; }
    .taboola_horizontal_bb_video .trc_rbox .sponsored { *margin-left: 0; }
    .trc_pager div { font-family: Arial, Helvetica, sans; }

    .trc_rbox .videoCube a{color:#0033CC;}

    .taboola_horizontal_bb_video .trc_rbox.had_v2 .videoCube { margin: 0 5px; _margin: 0 4px; }
    .taboola_horizontal_bb_video .trc_rbox.had_v2 .gam_container { border-left: dotted #CCC 1px !important; padding:7px 12px 0 11px;}
    .taboola_horizontal_bb_video .trc_rbox.had_v2 .logoDiv { padding-right: 12px; }
    .taboola_horizontal_bb_video .trc_rbox.had_v2 .trc_pager.in_trc_header { margin-right: 12px; }
    .trc_rbox.vad_v2 .gam_container { border-top: dotted #666 1px; padding-top: 4px; margin: 5px 6px 0;}
    .trc_rbox.mad_v2 .gam_container { border-top: dotted #666 1px; padding-top: 4px; margin: 5px 6px 0;}

    .rbox-t2v .sponsored-default, .rbox-blended .sponsored-default, .R-Box_Market_Pages .sponsored-default, .ab_rbox-blended_google-v2 .sponsored-default, .ab_rbox-t2v_google-v2 .sponsored-default{padding-bottom:8px!important;}

    /**NEW MODES SUPPORT**/
    .taboola_horizontal_bb_video .trc_rbox.new_had_v2 .videoCube { margin: 0; }
    .taboola_horizontal_bb_video .trc_rbox.ab_horizontal-t2v_recs5 .videoCube { margin: 0 4px; }
    .taboola_horizontal_bb_video .trc_rbox.new_had_v2 .gam_container {border-left: 1px dotted #CCCCCC !important; padding: 7px 12px 0 11px;}
    .taboola_horizontal_bb_video .trc_rbox.new_had_v2 .videoCube .thumbnail-overlay .overlay { width: 96px; }
    .taboola_horizontal_bb_video .trc_rbox.new_had_v2 .videoCube .thumbnail-overlay .play_video_link { width: 106px; }
    .videoCube .thumbBlock {
    margin:0px!important;
    }

    .taboola_horizontal_bb_video .trc_rbox.new_had_v2 .trc_pager.in_trc_header {
    margin-right: 8px;
    }
    .taboola_horizontal_bb_video .trc_rbox.new_had_v2 .logoDiv {
    padding-right: 8px;
    }
    .ab_horizontal-t2v_recs4-g .trc_rbox_div,.ab_horizontal-narrow-t2v_google-v2 .trc_rbox_div{padding-left:4px;}
    .videoCube.vertical .sponsored-url {
    padding-left: 7px;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_div .videoCube{
    padding-bottom: 10px
    }
    /* override bootstrap default span definitions */
    .ab_texts-links-2-columns_abp-sc [class*=span] {
    float:none;
    margin-left:0px;
    }

    .ab_texts-links-2-columns_abp-sc .videoCube span.video-title:hover .branding {
    color: #000;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_outer div.videoCube {
    background :url(‘http://resources.taboola.com/libtrc/publishers/taboola/video_icon.png’) -1.5px 6px no-repeat;
    }

    /*.ab_texts-links-2-columns_abp-sc .videoCube.rightCol{
    background :url(‘http://resources.taboola.com/libtrc/publishers/taboola/video_icon.png’) -1.5px 6px no-repeat;
    }*/

    .ab_texts-links-2-columns_abp-sc .videoCube span.video-title:hover, .ab_texts-links-2-columns_abp-sc .videoCube_hover span.video-title {
    text-decoration: none;
    color: #888;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_header_span .trc_header_right_column {
    display:none;
    position: absolute;
    width: 48%;
    left: 51%;
    background: transparent;
    height: auto;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_header .trc_rbox_header_span .trc_header_right_column {
    *left:48.8%;
    }

    .ab_texts-links-2-columns_abp-sc .videoCube .video-label-box .video-title {
    letter-spacing: -0.02em;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_header {
    letter-spacing: -0.02em;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.2em;
    position: relative;
    z-index: 1;
    top: auto;
    right: auto;
    display: none;
    }

    .ab_texts-links-2-columns_abp-sc .logoDiv a {
    vertical-align: baseline;
    display: none;
    }

    .ab_texts-links-2-columns_abp-sc .logoDiv a span {
    color: black;
    font-weight: normal;
    font-size: 13.6px;
    font-family: ”akzidenz-grotesk-std-bloom’,Arial,Helvetica,sans-serif;
    }

    .ab_texts-links-2-columns_abp-sc .syndicatedItem .video-title .branding {
    line-height: 1.3em;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_div .videoCube.horizontal {
    clear: left;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_div .videoCube.rightCol {
    float: none;
    clear: right;
    margin-left: auto;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_outer .trc_rbox_div .videoCube.rightCol {
    *margin-left: 0px;
    }

    @-moz-document url-prefix() {
    .ab_texts-links-2-columns_abp-sc .trc_rbox_outer .trc_rbox_div .videoCube {
    width:100%
    }
    }

    .ab_texts-links-2-columns_abp-sc .videoCube:hover span.branding,
    .ab_texts-links-2-columns_abp-sc .videoCube_hover span.branding {
    text-decoration: none;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_div .videoCube.thumbnail_none a{
    display: list-item;
    list-style: none outside none;
    vertical-align: top;
    overflow: visible;
    margin-left: 25px;
    }

    .ab_texts-links-2-columns_abp-sc .videoCube .video-label-box {
    display: inline-block!important;
    vertical-align: top;
    width: 100%;
    *margin-top: -3px;
    min-height: 16.0px;
    }

    .ab_texts-links-2-columns_abp-sc .trc_rbox_div .videoCube:hover .video-title {
    text-decoration: none;
    }
    .ab_texts-links-2-columns_abp-sc .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    }

    .ab_texts-links-2-columns_abp-sc .syndicatedItem .branding {
    line-height: 16.0px;
    }

    @media screen and (max-width: 767px){
    .trc_rbox_container .ab_texts-links-2-columns_abp-sc.trc_rbox .trc_rbox_header {
    font-size: 24px;
    }
    .trc_rbox_container .ab_texts-links-2-columns_abp-sc .syndicatedItem .video-title {
    font-size: 14px;
    }
    .trc_rbox_container .ab_texts-links-2-columns_abp-sc .syndicatedItem .branding {
    font-size: 14px;
    }
    .ab_texts-links-2-columns_abp-sc .videoCube .video-label-box .video-title {
    font-size: 14px;
    }
    }

    /* override bootstrap default span definitions */
    .ab_texts-links-2c_abp-sc [class*=span] {
    float:none;
    margin-left:0px;
    }

    .ab_texts-links-2c_abp-sc .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: inline-block;
    width: 100%;
    height: auto;
    }

    .ab_texts-links-2c_abp-sc .trc_rbox_header_span .trc_header_right_column {
    position: absolute;
    width: 48%;
    left: 52%;
    top: 0;
    background: transparent;
    height: auto;
    }

    .ab_texts-links-2c_abp-sc .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    position: relative;
    z-index: 1;
    }

    .ab_texts-links-2c_abp-sc .logoDiv a {
    font-size: 100%;;
    }

    .ab_texts-links-2c_abp-sc .logoDiv a span {
    color: black;
    font-weight: normal;
    font-size: 10px;
    }

    .ab_texts-links-2c_abp-sc .syndicatedItem .video-title .branding {
    line-height: 1.3em;
    }

    .ab_texts-links-2c_abp-sc .trc_rbox_div .videoCube.horizontal {
    clear: left;
    }

    .ab_texts-links-2c_abp-sc .trc_rbox_div .videoCube.trc_tl_right_col {
    float: none;
    margin-left: auto;
    }

    .ab_texts-links-2c_abp-sc .videoCube:hover span.branding,
    .ab_texts-links-2c_abp-sc .videoCube_hover span.branding {
    text-decoration: none;
    }

    .ab_texts-links-2c_abp-sc .trc_rbox_div .videoCube.thumbnail_none a{
    display: list-item;
    list-style: disc outside none;
    vertical-align: top;
    overflow: visible;
    margin-left: 20px;
    padding: 0;
    }

    .ab_texts-links-2c_abp-sc .videoCube .video-label-box {
    display: inline-block!important;
    vertical-align: top;
    width: 100%;
    *margin-top: -3px;
    min-height: 22.0px;
    }

    .ab_texts-links-2c_abp-sc .trc_rbox_div .videoCube:hover .video-title {
    text-decoration: underline;
    }
    .ab_texts-links-2c_abp-sc .trc_header_left_column {
    width: 100%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .ab_texts-links-2c_abp-sc .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .ab_texts-links-2c_abp-sc .syndicatedItem .branding {
    line-height: 22.0px;
    }

    .ab_texts-links-2c_abp-sc .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_div .videoCube{
    padding-bottom: 10px
    }
    /* override bootstrap default span definitions */
    .ab_texts-links-2c_bold-titles [class*=”span”] {
    float:none;
    margin-left:0px;
    }

    .ab_texts-links-2c_bold-titles .videoCube span.video-title:hover .branding {
    color: #000;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_outer div.videoCube.syndicatedItem {
    background :url(‘http://resources.taboola.com/libtrc/publishers/taboola/carrot2.png’) 7px 12px no-repeat;
    }

    .ab_texts-links-2c_bold-titles .videoCube.rightCol{
    background :url(‘http://resources.taboola.com/libtrc/publishers/taboola/video_icon.png’) -1.5px 6px no-repeat;
    }

    .ab_texts-links-2c_bold-titles .videoCube span.video-title:hover, .ab_texts-links-2c_bold-titles .videoCube_hover span.video-title {
    text-decoration: none;
    color: #888;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_header_span .trc_header_right_column {
    position: absolute;
    width: 48%;
    left: 51%;
    background: transparent;
    height: auto;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_header .trc_rbox_header_span .trc_header_right_column {
    *left:48.8%;
    }

    .ab_texts-links-2c_bold-titles .videoCube .video-label-box .video-title {
    letter-spacing: 0em;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_header {
    letter-spacing: 0em;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.2em;
    position: relative;
    z-index: 1;
    top: auto;
    right: auto;
    display: none;
    }

    .ab_texts-links-2c_bold-titles .logoDiv a {
    vertical-align: baseline;
    display: none;
    }

    .ab_texts-links-2c_bold-titles .logoDiv a span {
    color: #a3a3a3;
    font-weight: normal;
    font-size: 13.6px;
    font-family: ”akzidenz-grotesk-std-bloom’,Arial,Helvetica,sans-serif;
    }

    .ab_texts-links-2c_bold-titles .syndicatedItem .video-title .branding {
    line-height: 1.3em;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_div .videoCube.horizontal {
    clear: left;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_div .videoCube.rightCol {
    float: none;
    clear: right;
    margin-left: auto;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_outer .trc_rbox_div .videoCube.rightCol {
    *margin-left: 0px;
    }

    @-moz-document url-prefix() {
    .ab_texts-links-2c_bold-titles .trc_rbox_outer .trc_rbox_div .videoCube {
    width:49%
    }
    }

    .ab_texts-links-2c_bold-titles .videoCube:hover span.branding,
    .ab_texts-links-2c_bold-titles .videoCube_hover span.branding {
    text-decoration: none;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_div .videoCube.thumbnail_none a{
    display: list-item;
    list-style: none outside none;
    vertical-align: top;
    overflow: visible;
    margin-left: 25px;
    }

    .ab_texts-links-2c_bold-titles .videoCube .video-label-box {
    vertical-align: top;
    width: 100%;
    *margin-top: -3px;
    min-height: 16.0px;
    }

    .ab_texts-links-2c_bold-titles .trc_rbox_div .videoCube:hover .video-title {
    text-decoration: none;
    }
    .ab_texts-links-2c_bold-titles .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    }

    .ab_texts-links-2c_bold-titles .syndicatedItem .branding {
    line-height: 16.0px;
    }

    @media screen and (max-width: 3000px) and (min-width: 768px){
    .trc_rbox_container .ab_texts-links-2c_bold-titles.trc_rbox .trc_rbox_header {
    t-size: 26px;
    }
    }

    @media screen and (max-width: 767px){
    .trc_rbox_container .ab_texts-links-2c_bold-titles.trc_rbox .trc_rbox_header {
    t-size: 24px;
    }
    .trc_rbox_container .ab_texts-links-2c_bold-titles .syndicatedItem .video-title {
    t-size: 14px;
    }
    .trc_rbox_container .ab_texts-links-2c_bold-titles .syndicatedItem .branding {
    t-size: 14px;
    }
    .ab_texts-links-2c_bold-titles .videoCube .video-label-box .video-title {
    t-size: 14px;
    }
    }
    .ab_thumbnails-d_abp-sc img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .ab_thumbnails-d_abp-sc [class*=span] {
    float:none;
    margin-left:0px;
    }

    .ab_thumbnails-d_abp-sc .trc_rbox_header {
    position: relative;
    display: inline-block;
    width: 100%;
    background: transparent;
    height: 37px;
    Line-height: 34px;
    }

    .ab_thumbnails-d_abp-sc .trc_rbox_header .trc_rbox_header_span {
    position: relative;
    }
    .ab_thumbnails-d_abp-sc .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .ab_thumbnails-d_abp-sc .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .ab_thumbnails-d_abp-sc .logoDiv a {
    font-size: 100%;
    }

    .ab_thumbnails-d_abp-sc .logoDiv a span {
    display: inline;
    color: #000;
    font-weight: normal;
    font-size: 11.0px;
    }

    .ab_thumbnails-d_abp-sc .videoCube a {
    padding: 0;
    }

    .ab_thumbnails-d_abp-sc .thumbBlock {
    margin: 0;
    }

    .trc_elastic .ab_thumbnails-d_abp-sc .video-label-box {
    height: 66.0px;
    }

    .ab_thumbnails-d_abp-sc .videoCube .video-label-box {
    padding: 0 5px;
    border-color: #E4E4E4;
    border-style: solid;
    border-width: 0 0 0 2px;
    }

    .ab_thumbnails-d_abp-sc .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .ab_thumbnails-d_abp-sc .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .ab_thumbnails-d_abp-sc .video-label-box .branding {
    display: block;
    }

    .ab_thumbnails-d_abp-sc .syndicatedItem .branding {
    line-height: 12.0px;
    height : 18.0px;
    }
    .ab_thumbnails-d_abp-sc .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .ab_thumbnails-d_abp-sc .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .ab_thumbnails-d_abp-sc .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .ab_thumbnails-d_backup img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .ab_thumbnails-d_backup [class*=span] {
    float:none;
    margin-left:0px;
    }

    .ab_thumbnails-d_backup .trc_rbox_header {
    position: relative;
    display: inline-block;
    width: 100%;
    background: transparent;
    height: 37px;
    Line-height: 34px;
    }

    .ab_thumbnails-d_backup .trc_rbox_header .trc_rbox_header_span {
    bottom: -3px;
    position: relative;
    }
    .ab_thumbnails-d_backup .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .ab_thumbnails-d_backup .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .ab_thumbnails-d_backup .logoDiv a {
    font-size: 100%;
    }

    .ab_thumbnails-d_backup .logoDiv a span {
    display: inline;
    color: #999999;
    font-weight: normal;
    font-size: 11.0px;
    }

    .ab_thumbnails-d_backup .videoCube a {
    padding: 0;
    }

    .ab_thumbnails-d_backup .thumbBlock {
    margin: 0;
    }

    .trc_elastic .ab_thumbnails-d_backup .video-label-box {
    height: 66.0px;
    }

    .ab_thumbnails-d_backup .videoCube .video-label-box {
    padding: 0 5px;
    }

    .ab_thumbnails-d_backup .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .ab_thumbnails-d_backup .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .ab_thumbnails-d_backup .video-label-box .branding {
    display: block;
    }

    .ab_thumbnails-d_backup .syndicatedItem .branding {
    line-height: 12.0px;
    height : 18.0px;
    }
    .ab_thumbnails-d_backup .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .ab_thumbnails-d_backup .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .ab_thumbnails-d_backup .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }.ab_thumbnails-d_smart-ellipsis img {
    max-width: none;
    }
    /* override bootstrap default span definitions */
    .ab_thumbnails-d_smart-ellipsis [class*=span] {
    float:none;
    margin-left:0px;
    }
    .ab_thumbnails-d_smart-ellipsis .trc_rbox_header {
    position: relative;
    display: inline-block;
    width: 100%;
    background: transparent;
    height: 37px;
    Line-height: 34px;
    }
    .ab_thumbnails-d_smart-ellipsis .trc_rbox_header .trc_rbox_header_span {
    bottom: -3px;
    position: relative;
    }
    .ab_thumbnails-d_smart-ellipsis .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }
    .ab_thumbnails-d_smart-ellipsis .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }
    .ab_thumbnails-d_smart-ellipsis .logoDiv a {
    font-size: 100%;
    }
    .ab_thumbnails-d_smart-ellipsis .logoDiv a span {
    display: inline;
    color: #999999;
    font-weight: normal;
    font-size: 11.0px;
    }
    .ab_thumbnails-d_smart-ellipsis .videoCube a {
    padding: 0;
    }
    .ab_thumbnails-d_smart-ellipsis .thumbBlock {
    margin: 0;
    }
    .trc_elastic .ab_thumbnails-d_smart-ellipsis .video-label-box {
    height: 66.0px;
    }
    .ab_thumbnails-d_smart-ellipsis .videoCube .video-label-box {
    padding: 0 5px;
    }
    .ab_thumbnails-d_smart-ellipsis .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }
    .ab_thumbnails-d_smart-ellipsis .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }
    .ab_thumbnails-d_smart-ellipsis .video-label-box .branding {
    display: block;
    }
    .ab_thumbnails-d_smart-ellipsis .syndicatedItem .branding {
    line-height: 12.0px;
    height : 18.0px;
    }
    .ab_thumbnails-d_smart-ellipsis .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }
    .ab_thumbnails-d_smart-ellipsis .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }
    .ab_thumbnails-d_smart-ellipsis .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }.ab_thumbnails-h_smart-ellipsis img {
    max-width: none;
    }
    /* override bootstrap default span definitions */
    .ab_thumbnails-h_smart-ellipsis [class*=span] {
    float:none;
    margin-left:0;
    }
    .ab_thumbnails-h_smart-ellipsis .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: block;
    width: auto;
    background: transparent;
    height: auto;
    margin: 0px 0px 0px 0px;
    background-color: transparent;
    padding: 0 0 6px 0;
    box-sizing: initial;
    }
    .ab_thumbnails-h_smart-ellipsis .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }
    .ab_thumbnails-h_smart-ellipsis .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }
    .ab_thumbnails-h_smart-ellipsis .logoDiv a {
    font-size: 100%;
    }
    .ab_thumbnails-h_smart-ellipsis .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 9.0px;
    }
    .ab_thumbnails-h_smart-ellipsis .videoCube a {
    padding: 0;
    }
    .ab_thumbnails-h_smart-ellipsis .thumbBlock {
    margin: 0;
    }
    .trc_elastic .ab_thumbnails-h_smart-ellipsis .video-label-box {
    height: 66.0px;
    }
    .ab_thumbnails-h_smart-ellipsis .videoCube .video-label-box {
    margin-top: 5px;
    }
    .ab_thumbnails-h_smart-ellipsis .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }
    .ab_thumbnails-h_smart-ellipsis .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }
    .ab_thumbnails-h_smart-ellipsis .video-label-box .branding {
    display: block;
    }
    .ab_thumbnails-h_smart-ellipsis .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .ab_thumbnails-h_smart-ellipsis .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }
    .ab_thumbnails-h_smart-ellipsis .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }
    .ab_thumbnails-h_smart-ellipsis .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .ab_thumbnails-h_smart-ellipsis .trc_header_right_part {
    margin-top: 0px;
    }
    .ab_thumbs-2r_abp-sc img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .ab_thumbs-2r_abp-sc [class*=span] {
    float:none;
    margin-left:0px;
    }

    .ab_thumbs-2r_abp-sc .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: inline-block;
    width: 100%;
    background: transparent;
    height: auto;
    }

    .ab_thumbs-2r_abp-sc .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .ab_thumbs-2r_abp-sc .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .ab_thumbs-2r_abp-sc .logoDiv a {
    font-size: 100%;
    }

    .ab_thumbs-2r_abp-sc .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 13.6px;
    }

    .ab_thumbs-2r_abp-sc .videoCube a {
    padding: 0;
    }

    .ab_thumbs-2r_abp-sc .thumbBlock {
    margin: 0;
    }

    .trc_elastic .ab_thumbs-2r_abp-sc .video-label-box {
    height: 66.0px;
    }

    .ab_thumbs-2r_abp-sc .videoCube .video-label-box {
    margin-top: 5px;
    }

    .ab_thumbs-2r_abp-sc .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .ab_thumbs-2r_abp-sc .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .ab_thumbs-2r_abp-sc .video-label-box .branding {
    display: block;
    }

    .ab_thumbs-2r_abp-sc .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .ab_thumbs-2r_abp-sc .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .ab_thumbs-2r_abp-sc .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .ab_thumbs-2r_abp-sc .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }

    .autosized-1h-markets.trc_rbox {
    background-color: white;
    }
    .autosized-1h-markets.trc_rbox .trc_rbox_header {
    color:#FFF;
    margin-bottom:6px;
    background: url(‘http://cdn.taboola.com/libtrc/publishers/taboola/background_sprite_bloomberg.png’) repeat-x scroll 0 -105px #2E2E2D;
    }
    .autosized-1h-markets .trc_rbox_header .logoDiv a {
    margin: 0;
    }
    .autosized-1h-markets .trc_rbox_header .logoDiv {
    font-size: 15px;
    }
    .autosized-1h-markets .trc_rbox_header .trc_header_ext {
    position: absolute;
    right: 0;
    top: 2px;
    margin-right:4px;
    }
    .autosized-1h-markets .trc_rbox_header {
    position: relative
    }
    .autosized-1h-markets .trc_rbox_div .videoCube a:before {
    content: ”;
    }
    .autosized-1h-markets .logoDiv a span {
    color: white;
    }
    .autosized-1h-markets .videoCube .thumbBlock{margin-bottom:0.5em!important;}
    .autosized-1h-markets .trc_rbox_div > div[id],
    .autosized-1h-markets .trc_rbox_div .video_group {
    background-color: inherit;
    background-color: white\0/;
    *background-color: white;
    }
    .autosized-1h-markets .trc_rbox_div .videoCube {
    padding: 0;
    }
    .autosized-1h-markets .trc_rbox_div .videoCube .video-label-box {
    margin: 0.5em 0 0;
    }
    .autosized-1h-markets .trc_rbox_div .videoCube .video-title {
    margin: 0;
    }
    .autosized-1h-markets .trc_rbox_header .logoDiv a:hover span,
    .autosized-1h-markets .trc_rbox_div .videoCube:hover .video-title {
    text-decoration: underline;
    }
    .autosized-1h-markets .trc_rbox_div .videoCube .ie7pseudo,
    .autosized-1h-markets .trc_rbox_div .videoCube .video-title:before {
    content: ”;
    display: inline-block;
    width: 13px;
    height: 13px;
    margin-right: 4px;
    *margin-bottom: 4px;
    background-image: url(‘http://cdn.gotraffic.net/v/20121108_133311/images/b-sprite.png’);
    background-position: right -5764px;
    background-repeat: no-repeat;
    }
    .autosized-1h-markets .trc_rbox_div .videoCube:hover .ie7pseudo,
    .autosized-1h-markets .trc_rbox_div .videoCube:hover .video-title:before {
    background-position: right -5782px;
    }
    .autosized-1h-markets .videoCube .trc_blocked_margin_a{display:block; margin-bottom: 0.5em;}
    .autosized-1h-markets .trc-inline .video-title,.autosized-1h-markets .trc-inline .video-label-box{display:inline!important;}

    .autosized-1h-sc.trc_rbox {
    background-color: white;
    }
    .autosized-1h-sc-markets.trc_rbox .trc_rbox_header {
    color:#FFF;
    margin-bottom:6px;
    background: url(‘http://cdn.taboola.com/libtrc/publishers/taboola/background_sprite_bloomberg.png’) repeat-x scroll 0 -105px #2E2E2D;
    }

    .autosized-1h-sc-markets .trc_rbox_header .logoDiv a {
    margin: 0;
    }
    .autosized-1h-sc-markets .trc_rbox_header .logoDiv {
    line-height: 22px;
    font-size: 0;
    }
    .autosized-1h-sc-markets .trc_rbox_header .trc_header_ext {
    position: absolute;
    right: 0;
    top: 2px;
    margin-right:4px;
    }
    .autosized-1h-sc-markets .trc_rbox_header {
    position: relative
    }
    .autosized-1h-sc-markets .trc_rbox_div .videoCube a:before {
    content: ”;
    }
    .autosized-1h-sc-markets .logoDiv a span {
    color: white;
    }
    .autosize-1h-sc .trc_rbox_div .videoCube .video-label-box .video-title,
    .autosized-1h-sc-markets .trc_rbox_div .videoCube .video-label-box .video-title:hover {
    text-decoration: none;
    }
    .autosized-1h-sc-markets .trc_rbox_div > div[id],
    .autosized-1h-sc-markets .trc_rbox_div .video_group {
    background-color: inherit;
    background-color: white\0/;
    *background-color: white;
    }
    .autosized-1h-sc-markets .trc_rbox_div .videoCube {
    padding: 0;
    }
    .autosized-1h-sc-markets .trc_rbox_div .videoCube.syndicatedItem .video-title {
    margin: 0;
    }
    .autosized-1h-sc-markets .trc_rbox_header .logoDiv a:hover span {
    text-decoration: underline;
    }
    .autosized-1h-sc-markets .trc_rbox_div .videoCube.syndicatedItem .ie7pseudo,
    .autosized-1h-sc-markets .trc_rbox_div .videoCube.syndicatedItem .video-title:before {
    content: ”;
    display: inline-block;
    width: 10px;
    height: 10px;
    margin-right: 0.4em;
    *margin-bottom: 4px;
    background-image: url(‘http://cdn.taboola.com/libtrc/businessweek/external-link-icon-gray.png’);
    background-position: right 0px;
    background-repeat: no-repeat;
    }
    .autosized-1h-sc-markets .trc_rbox_div .videoCube.syndicatedItem:hover .ie7pseudo,
    .autosized-1h-sc-markets .trc_rbox_div .videoCube.syndicatedItem:hover .video-title:before {
    background-position: right 0px;
    }
    .videoCube.thumbnail_under .video-title{
    min-height: 2.58em;
    }
    .videoCube.thumbnail_under .video-labels-anchor{
    max-height: 2.65em;
    min-height: 2.65em;
    }

    .autosized-generated-mobile-2r img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .autosized-generated-mobile-2r [class*=”span”] {
    float:none;
    margin-left:0px;
    }

    .autosized-generated-mobile-2r .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    }

    .autosized-generated-mobile-2r .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .autosized-generated-mobile-2r .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.2em;
    }

    .autosized-generated-mobile-2r .logoDiv a {
    vertical-align: baseline;
    }

    .autosized-generated-mobile-2r .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11px;
    }

    .autosized-generated-mobile-2r .videoCube a {
    padding: 0;
    }

    .autosized-generated-mobile-2r .thumbBlock {
    margin: 0;
    }

    .trc_elastic .autosized-generated-mobile-2r .video-label-box {
    height: 64.0px;
    }

    .autosized-generated-mobile-2r .videoCube .video-label-box {
    margin-top: 5px;
    }

    .autosized-generated-mobile-2r .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .autosized-generated-mobile-2r .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .autosized-generated-mobile-2r .video-label-box .branding {
    display: block;
    }

    .autosized-generated-mobile-2r .syndicatedItem .branding {
    line-height: 16.0px;
    }
    .autosized-generated-mobile-2r .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    }

    .autosized-generated-mobile-2r .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .exchange-thumbs-feed-01 img {
    max-width: none;
    }
    /* override bootstrap default span definitions */
    .exchange-thumbs-feed-01 [class*=span] {
    float:none;
    margin-left:0;
    }
    .exchange-thumbs-feed-01 .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: none;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }
    .exchange-thumbs-feed-01 .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }
    .exchange-thumbs-feed-01 .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }
    .exchange-thumbs-feed-01 .logoDiv a {
    font-size: 100%;
    }
    .exchange-thumbs-feed-01 .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11px;
    }
    .exchange-thumbs-feed-01 .videoCube a {
    padding: 0;
    }
    .exchange-thumbs-feed-01 .thumbBlock {
    margin: 0;
    }
    .exchange-thumbs-feed-01 .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 125px;
    }
    .exchange-thumbs-feed-01 .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 125px;
    }
    .exchange-thumbs-feed-01 .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }
    .exchange-thumbs-feed-01 .videoCube:hover .video-label-box .video-title,
    .exchange-thumbs-feed-01 .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }
    .exchange-thumbs-feed-01 .video-label-box .branding {
    display: block;
    line-height: 27.0px;
    }
    .exchange-thumbs-feed-01 .syndicatedItem .branding {
    line-height: 27.0px;
    }
    .exchange-thumbs-feed-01 .trc_header_left_column {
    background: transparent;
    height: auto;
    }
    .exchange-thumbs-feed-01 .trc_header_right_part {
    margin-top: 0px;
    }
    .exchange-thumbs-feed-01 .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }
    .exchange-thumbs-feed-01 .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }

    .grid-2r img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .grid-2r [class*=’span’] {
    float:none;
    margin-left:0px;
    }

    .grid-2r .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    }

    .trc_rbox_container .grid-2r .trc_rbox_header {
    padding-right:0px;
    padding-left:0px;
    }

    .grid-2r .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .grid-2r .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.2em;
    position: relative;
    top: auto;
    right: auto;
    }

    .grid-2r .logoDiv a {
    vertical-align: baseline;
    }

    .grid-2r .logoDiv a span {
    display: inline;
    color: black;
    font-weight: normal;
    font-size: 10px;
    }

    .grid-2r .videoCube a {
    padding: 0;
    }

    .grid-2r .thumbBlock {
    margin: 0;
    }

    .trc_elastic .grid-2r .video-label-box {
    height: 60.0px;
    min-height: 45.0px;
    }

    .grid-2r .videoCube .video-label-box {
    margin-top: 5px;
    }

    .grid-2r .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .grid-2r .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .grid-2r .video-label-box .branding {
    display: block;
    }

    .grid-2r .syndicatedItem .branding {
    line-height: 15.0px;
    }
    .grid-2r .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    }

    .grid-2r .label-box-overlay {
    background-color: #FFFFFF;
    opacity: 0.8;
    filter: alpha(opacity=80.0);
    }

    .grid-2r .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .horizontalx4 .videoCube .thumbnail-overlay {
    width: 17px !important;
    height: 22px !important;
    left: 6px;
    bottom: 4px;
    display:block!important;
    }
    .horizontalx4 .videoCube:hover .thumbnail-overlay,
    .horizontalx4 .videoCube_hover .thumbnail-overlay {
    background: url(http://www.bloomberg.com/images/tv/tvsprite.png) no-repeat scroll 0 -1192px;
    }
    div.horizontalx4-container {
    background-color: inherit;
    }
    .horizontalx4, .horizontalx4 .trc_rbox_border_elm {
    /* override background of version custom-css */
    background-color: #161616;
    background-image: none;
    }

    .horizontalx4 .trc_rbox_header div .logoDiv a span {
    color: white;
    font-size: 9px;
    font-family: Arial,Helvetica,sans-serif;
    margin-right: 6px;
    }

    .horizontalx4 .trc_rbox_div {
    *width: 614px;
    }
    .horizontalx4 .trc_rbox_div .videoCube,.horizontalx4 .trc_rbox_div .videoCube .video-label-box {
    _width: 140px!important;
    }

    .horizontalx4 .trc_rbox_div .videoCube.horizontal {
    _margin-left: expression(this.previousSibling == null ? ‘0’ : ’18px’);
    }

    .horizontalx4 .trcPlay {
    bottom: 5px;
    font-size: 17px;
    left: 7px;
    position: absolute;
    width:17px;
    _width:17px!important;
    font-size:1px;
    color:transparent;
    background: url(http://www.bloomberg.com/images/tv/tvsprite.png) no-repeat scroll 0 -1164px;
    height: 24px;
    }
    .horizontalx4 .videoCube:hover .trcPlay,
    .horizontalx4 .videoCube_hover .trcPlay {
    background: url(http://www.bloomberg.com/images/tv/tvsprite.png) no-repeat scroll 0 -1192px;
    }

    .horizontalx4 .videoCube:hover .video-title,
    .horizontalx4 .videoCube_hover .video-title {
    text-decoration: underline;
    }

    .horizontalx4 .videoCube .thumbBlock {
    position: relative;
    }

    .horizontalx4 .videoCube .video-label-box {
    margin-top: 3px;
    }
    .horizontalx4 .videoCube .q .video-label-box,
    .horizontalx4 .videoCube .q .video-title {
    display: inline !important;
    }
    .horizontalx4 .video-overlay {
    background-color: black;
    height: 22px;
    opacity: 0.75;
    filter: alpha(opacity=75);
    position: absolute;
    bottom: 0;
    width: 138px;
    z-index:10;
    }

    .horizontalx4 .videoCube .video-duration-detail {
    position: absolute;
    font-family: Arial, Helvetica, sans-serif;
    bottom: 4px;
    width: 135px;
    line-height:13px;
    text-align: right;
    padding-right: 3px;
    z-index:11;
    }

    .horizontalx4 .trc_rbox_outer{width:614px!important;}

    .mobile-thumbnails-h img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .mobile-thumbnails-h [class*=span] {
    float:none;
    margin-left:0;
    }

    .mobile-thumbnails-h .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: block;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    padding: 0 0 6px 0;
    box-sizing: initial;
    }

    .mobile-thumbnails-h .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .mobile-thumbnails-h .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .mobile-thumbnails-h .logoDiv a {
    font-size: 100%;
    }

    .mobile-thumbnails-h .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11.0px;
    }

    .mobile-thumbnails-h .videoCube a {
    padding: 0;
    }

    .mobile-thumbnails-h .thumbBlock {
    margin: 0;
    }

    .trc_elastic .mobile-thumbnails-h .video-label-box {
    height: 88.0px;
    }

    .mobile-thumbnails-h .videoCube .video-label-box {
    margin-top: 5px;
    }

    .mobile-thumbnails-h .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .mobile-thumbnails-h .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .mobile-thumbnails-h .video-label-box .branding {
    display: block;
    }

    .mobile-thumbnails-h .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .mobile-thumbnails-h .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .mobile-thumbnails-h .trc_header_right_part {
    margin-top: 0px;
    }

    .mobile-thumbnails-h .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .mobile-thumbnails-h .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .organic-thumbnails-feed img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .organic-thumbnails-feed [class*=span] {
    float:none;
    margin-left:0;
    }

    .organic-thumbnails-feed .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: none;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .organic-thumbnails-feed .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .organic-thumbnails-feed .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .organic-thumbnails-feed .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbnails-feed .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11.0px;
    }

    .organic-thumbnails-feed .videoCube a {
    padding: 0;
    }

    .organic-thumbnails-feed .thumbBlock {
    margin: 0;
    }

    .organic-thumbnails-feed .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 44px;
    }

    .organic-thumbnails-feed .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 44px;
    }

    .organic-thumbnails-feed .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .organic-thumbnails-feed .videoCube:hover .video-label-box .video-title,
    .organic-thumbnails-feed .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .organic-thumbnails-feed .video-label-box .branding {
    display: block;
    line-height: 27.0px;
    }

    .organic-thumbnails-feed .syndicatedItem .branding {
    line-height: 27.0px;
    }
    .organic-thumbnails-feed .trc_header_left_column {
    background: transparent;
    height: auto;
    }

    .organic-thumbnails-feed .trc_header_right_part {
    margin-top: 0px;
    }

    .organic-thumbnails-feed .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbnails-feed .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .organic-thumbnails-feed-a img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .organic-thumbnails-feed-a [class*=span] {
    float:none;
    margin-left:0;
    }

    .organic-thumbnails-feed-a .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: block;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .organic-thumbnails-feed-a .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .organic-thumbnails-feed-a .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .organic-thumbnails-feed-a .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbnails-feed-a .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11px;
    }

    .organic-thumbnails-feed-a .videoCube a {
    padding: 0;
    }

    .organic-thumbnails-feed-a .thumbBlock {
    margin: 0;
    }

    .organic-thumbnails-feed-a .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 66px;
    }

    .organic-thumbnails-feed-a .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 66px;
    }

    .organic-thumbnails-feed-a .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .organic-thumbnails-feed-a .videoCube:hover .video-label-box .video-title,
    .organic-thumbnails-feed-a .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .organic-thumbnails-feed-a .video-label-box .branding {
    display: block;
    line-height: 22.0px;
    }

    .organic-thumbnails-feed-a .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .organic-thumbnails-feed-a .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .organic-thumbnails-feed-a .trc_header_right_part {
    margin-top: 0px;
    }

    .organic-thumbnails-feed-a .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbnails-feed-a .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .organic-thumbnails-feed-c img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .organic-thumbnails-feed-c [class*=span] {
    float:none;
    margin-left:0;
    }

    .organic-thumbnails-feed-c .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: block;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .organic-thumbnails-feed-c .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .organic-thumbnails-feed-c .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .organic-thumbnails-feed-c .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbnails-feed-c .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11px;
    }

    .organic-thumbnails-feed-c .videoCube a {
    padding: 0;
    }

    .organic-thumbnails-feed-c .thumbBlock {
    margin: 0;
    }

    .organic-thumbnails-feed-c .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 66px;
    }

    .organic-thumbnails-feed-c .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 66px;
    }

    .organic-thumbnails-feed-c .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .organic-thumbnails-feed-c .videoCube:hover .video-label-box .video-title,
    .organic-thumbnails-feed-c .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .organic-thumbnails-feed-c .video-label-box .branding {
    display: block;
    line-height: 22.0px;
    }

    .organic-thumbnails-feed-c .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .organic-thumbnails-feed-c .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .organic-thumbnails-feed-c .trc_header_right_part {
    margin-top: 0px;
    }

    .organic-thumbnails-feed-c .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbnails-feed-c .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .organic-thumbs-feed-01 img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .organic-thumbs-feed-01 [class*=span] {
    float:none;
    margin-left:0;
    }

    .organic-thumbs-feed-01 .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: none;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .organic-thumbs-feed-01 .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .organic-thumbs-feed-01 .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .organic-thumbs-feed-01 .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbs-feed-01 .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11px;
    }

    .organic-thumbs-feed-01 .videoCube a {
    padding: 0;
    }

    .organic-thumbs-feed-01 .thumbBlock {
    margin: 0;
    }

    .organic-thumbs-feed-01 .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 125px;
    }

    .organic-thumbs-feed-01 .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 125px;
    }

    .organic-thumbs-feed-01 .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .organic-thumbs-feed-01 .videoCube:hover .video-label-box .video-title,
    .organic-thumbs-feed-01 .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .organic-thumbs-feed-01 .video-label-box .branding {
    display: block;
    line-height: 27.0px;
    }

    .organic-thumbs-feed-01 .syndicatedItem .branding {
    line-height: 27.0px;
    }
    .organic-thumbs-feed-01 .trc_header_left_column {
    background: transparent;
    height: auto;
    }

    .organic-thumbs-feed-01 .trc_header_right_part {
    margin-top: 0px;
    }

    .organic-thumbs-feed-01 .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbs-feed-01 .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .organic-thumbs-feed-01-a img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .organic-thumbs-feed-01-a [class*=span] {
    float:none;
    margin-left:0;
    }

    .organic-thumbs-feed-01-a .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: none;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .organic-thumbs-feed-01-a .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .organic-thumbs-feed-01-a .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .organic-thumbs-feed-01-a .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbs-feed-01-a .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11px;
    }

    .organic-thumbs-feed-01-a .videoCube a {
    padding: 0;
    }

    .organic-thumbs-feed-01-a .thumbBlock {
    margin: 0;
    }

    .organic-thumbs-feed-01-a .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 96px;
    }

    .organic-thumbs-feed-01-a .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 96px;
    }

    .organic-thumbs-feed-01-a .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .organic-thumbs-feed-01-a .videoCube:hover .video-label-box .video-title,
    .organic-thumbs-feed-01-a .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .organic-thumbs-feed-01-a .video-label-box .branding {
    display: block;
    line-height: 24.0px;
    }

    .organic-thumbs-feed-01-a .syndicatedItem .branding {
    line-height: 24.0px;
    }
    .organic-thumbs-feed-01-a .trc_header_left_column {
    background: transparent;
    height: auto;
    }

    .organic-thumbs-feed-01-a .trc_header_right_part {
    margin-top: 0px;
    }

    .organic-thumbs-feed-01-a .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbs-feed-01-a .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .organic-thumbs-feed-01-c img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .organic-thumbs-feed-01-c [class*=span] {
    float:none;
    margin-left:0;
    }

    .organic-thumbs-feed-01-c .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: none;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .organic-thumbs-feed-01-c .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .organic-thumbs-feed-01-c .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .organic-thumbs-feed-01-c .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbs-feed-01-c .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11px;
    }

    .organic-thumbs-feed-01-c .videoCube a {
    padding: 0;
    }

    .organic-thumbs-feed-01-c .thumbBlock {
    margin: 0;
    }

    .organic-thumbs-feed-01-c .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 96px;
    }

    .organic-thumbs-feed-01-c .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 96px;
    }

    .organic-thumbs-feed-01-c .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .organic-thumbs-feed-01-c .videoCube:hover .video-label-box .video-title,
    .organic-thumbs-feed-01-c .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .organic-thumbs-feed-01-c .video-label-box .branding {
    display: block;
    line-height: 24.0px;
    }

    .organic-thumbs-feed-01-c .syndicatedItem .branding {
    line-height: 24.0px;
    }
    .organic-thumbs-feed-01-c .trc_header_left_column {
    background: transparent;
    height: auto;
    }

    .organic-thumbs-feed-01-c .trc_header_right_part {
    margin-top: 0px;
    }

    .organic-thumbs-feed-01-c .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .organic-thumbs-feed-01-c .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    /** header */
    .text-links-1c-rr .trc_rbox_header {
    text-align: left;
    }
    .text-links-1c-rr .videoCube .video-label-box .video-title {
    letter-spacing: -0.02em;
    }
    #taboola-right-rail{
    width: 300px;
    }
    .text-links-1c-rr .trc_rbox_header_span {
    display: inline-block;
    margin: 0;
    width: 100%;
    border-bottom: none;
    line-height: 1em;
    letter-spacing: -0.02em;
    padding-top: 8px;
    }
    /** recommendations */
    .text-links-1c-rr .trc_rbox_div {
    margin-bottom: 0;
    border-style: none;
    height: auto;
    overflow: hidden !important;
    }
    .text-links-1c-rr .trc_rbox_div > div {
    width: 100% !important;
    }
    .text-links-1c-rr .videoCube {
    margin: 0;
    padding-top: 10px;
    padding-bottom: 10px;
    }
    .text-links-1c-rr .trc_rbox_div .videoCube{
    padding-left: 0;
    }
    .text-links-1c-rr .videoCube_hover span.video-label-box, .text-links-1c-rr .videoCube:hover span.video-label-box, .text-links-1c-rr .videoCube span.video-title:hover, .text-links-1c-rr .videoCube_hover span.video-title {
    text-decoration: none;
    color: #888;
    }
    .text-links-1c-rr .videoCube .thumbBlock {
    margin: 0;
    }
    .text-links-1c-rr .videoCube .thumbBlock .trc_sponsored_overlay_base {
    margin: 0 16px !important;
    }
    .text-links-1c-rr .videoCube .thumbBlock .trc_sponsored_overlay_base.round .trc_sponsored_overlay {
    border-radius: 0;
    }
    .text-links-1c-rr .videoCube .thumbBlock .trc_sponsored_overlay_base .sponsored {
    color: lightgray;
    }
    .text-links-1c-rr .videoCube .video-title {
    margin-bottom: 0;
    text-transform: none;
    padding-left: 5px;
    }
    .text-links-1c-rr .videoCube .sponsored {

    }
    .text-links-1c-rr .videoCube .sponsored-url {
    padding-left: 10px;
    }
    .text-links-1c-rr .videoCube .sponsored-url, .text-links-1c-rr .videoCube.syndicatedItem .branding {
    display: inline-block;
    width: 195px;
    }
    /** by taboola */
    .text-links-1c-rr .logoDiv {
    vertical-align: baseline;
    }
    .text-links-1c-rr .logoDiv a span {
    display: inline;
    color: black;
    font-weight: normal;
    font-size: 13.6px;
    font-family: ‘akzidenz-grotesk-std-bloom’,Arial,Helvetica,sans-serif;
    }
    .text-links-1c-rr.trc_rbox .videoCube a {
    color: #494949;
    }

    .trc_rbox_container .text-links-1c-rr .trc_rbox_header {
    padding: 0;
    }

    /* override bootstrap default span definitions */
    .text-links-2c [class*=span] {
    float:none;
    margin-left:0;
    }

    .text-links-2c .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    display: inline-block;
    background: transparent;
    width: 100%;
    }

    .text-links-2c .trc_rbox_header_span .trc_header_right_column {
    position: absolute;
    width: 48%;
    left: 52%;
    background: transparent;
    height: auto;
    }

    .text-links-2c .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    position: relative;
    z-index: 1;
    }

    .text-links-2c .logoDiv a {
    vertical-align: baseline;
    }

    .text-links-2c .logoDiv a span {
    color: #000;
    font-weight: normal;
    font-size: 10.0px;
    }

    .text-links-2c .syndicatedItem .video-title .branding {
    line-height: 1.3em;
    }

    .text-links-2c .trc_rbox_div .videoCube.horizontal {
    clear: left;
    }

    .text-links-2c .trc_rbox_div .videoCube.rightCol {
    float: none;
    clear: right;
    margin-left: auto;
    }

    .text-links-2c .videoCube:hover span.branding,
    .text-links-2c .videoCube_hover span.branding {
    text-decoration: none;
    }

    .text-links-2c .trc_rbox_div .videoCube.thumbnail_none a{
    display: list-item;
    list-style: disc outside none;
    vertical-align: top;
    overflow: visible;
    margin-left: 15px;
    }

    .text-links-2c .videoCube .video-label-box {
    display: inline-block!important;
    vertical-align: top;
    width: 100%;
    *margin-top: -3px;
    min-height: 16.0px;
    }

    .text-links-2c .trc_rbox_div .videoCube:hover .video-title {
    text-decoration: underline;
    }
    .text-links-2c .trc_header_left_column {
    background: transparent;
    display: inline-block;
    height: auto;
    width: 48%;
    }

    .text-links-2c .syndicatedItem .branding {
    line-height: 16.0px;
    }

    .text-links-2c .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .texts-links-2c .trc_rbox_div .videoCube {
    font-size: 20px;
    }

    .text-links-2c .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }
    .texts-links-2-columns .trc_rbox_div .videoCube{
    padding-bottom: 10px
    }
    /* override bootstrap default span definitions */
    .texts-links-2-columns [class*=span] {
    float:none;
    margin-left:0px;
    }

    .texts-links-2-columns .videoCube span.video-title:hover .branding {
    color: #000;
    }

    .texts-links-2-columns .trc_rbox_outer div.videoCube.syndicatedItem {
    background :url(‘http://resources.taboola.com/libtrc/publishers/taboola/carrot2.png’) 7px 12px no-repeat;
    }

    .texts-links-2-columns .videoCube.rightCol{
    background :url(‘http://resources.taboola.com/libtrc/publishers/taboola/video_icon.png’) -1.5px 6px no-repeat;
    }

    .texts-links-2-columns .videoCube span.video-title:hover, .texts-links-2-columns .videoCube_hover span.video-title {
    text-decoration: none;
    color: #888;
    }

    .texts-links-2-columns .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    }

    .texts-links-2-columns .trc_rbox_header_span .trc_header_right_column {
    position: absolute;
    width: 48%;
    left: 51%;
    background: transparent;
    height: auto;
    }

    .texts-links-2-columns .trc_rbox_header .trc_rbox_header_span .trc_header_right_column {
    *left:48.8%;
    }

    .texts-links-2-columns .videoCube .video-label-box .video-title {
    letter-spacing: -0.02em;
    }

    .texts-links-2-columns .trc_rbox_header {
    letter-spacing: -0.02em;
    }

    .texts-links-2-columns .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.2em;
    position: relative;
    z-index: 1;
    top: auto;
    right: auto;
    display: none;
    }

    .texts-links-2-columns .logoDiv a {
    vertical-align: baseline;
    display: none;
    }

    .texts-links-2-columns .logoDiv a span {
    color: black;
    font-weight: normal;
    font-size: 13.6px;
    font-family: ”akzidenz-grotesk-std-bloom’,Arial,Helvetica,sans-serif;
    }

    .texts-links-2-columns .syndicatedItem .video-title .branding {
    line-height: 1.3em;
    }

    .texts-links-2-columns .trc_rbox_div .videoCube.horizontal {
    clear: left;
    }

    .texts-links-2-columns .trc_rbox_div .videoCube.rightCol {
    float: none;
    clear: right;
    margin-left: auto;
    }

    .texts-links-2-columns .trc_rbox_outer .trc_rbox_div .videoCube.rightCol {
    *margin-left: 0px;
    }

    @-moz-document url-prefix() {
    .texts-links-2-columns .trc_rbox_outer .trc_rbox_div .videoCube {
    width:49%
    }
    }

    .texts-links-2-columns .videoCube:hover span.branding,
    .texts-links-2-columns .videoCube_hover span.branding {
    text-decoration: none;
    }

    .texts-links-2-columns .trc_rbox_div .videoCube.thumbnail_none a{
    display: list-item;
    list-style: none outside none;
    vertical-align: top;
    overflow: visible;
    margin-left: 25px;
    }

    .texts-links-2-columns .videoCube .video-label-box {
    display: inline-block!important;
    vertical-align: top;
    width: 100%;
    *margin-top: -3px;
    min-height: 16.0px;
    }

    .texts-links-2-columns .trc_rbox_div .videoCube:hover .video-title {
    text-decoration: none;
    }
    .texts-links-2-columns .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    }

    .texts-links-2-columns .syndicatedItem .branding {
    line-height: 16.0px;
    }

    @media screen and (max-width: 767px){
    .trc_rbox_container .texts-links-2-columns.trc_rbox .trc_rbox_header {
    font-size: 24px;
    }
    .trc_rbox_container .texts-links-2-columns .syndicatedItem .video-title {
    font-size: 14px;
    }
    .trc_rbox_container .texts-links-2-columns .syndicatedItem .branding {
    font-size: 14px;
    }
    .texts-links-2-columns .videoCube .video-label-box .video-title {
    font-size: 14px;
    }
    }

    /* override bootstrap default span definitions */
    .texts-links-2c [class*=span] {
    float:none;
    margin-left:0px;
    }

    .texts-links-2c .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: inline-block;
    width: 100%;
    height: auto;
    }

    .texts-links-2c .trc_rbox_header_span .trc_header_right_column {
    position: absolute;
    width: 48%;
    left: 52%;
    top: 0;
    background: transparent;
    height: auto;
    }

    .texts-links-2c .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    position: relative;
    z-index: 1;
    }

    .texts-links-2c .logoDiv a {
    font-size: 100%;;
    }

    .texts-links-2c .logoDiv a span {
    color: black;
    font-weight: normal;
    font-size: 10px;
    }

    .texts-links-2c .syndicatedItem .video-title .branding {
    line-height: 1.3em;
    }

    .texts-links-2c .trc_rbox_div .videoCube.horizontal {
    clear: left;
    }

    .texts-links-2c .trc_rbox_div .videoCube.trc_tl_right_col {
    float: none;
    clear: right;
    margin-left: auto;
    }

    .texts-links-2c .videoCube:hover span.branding,
    .texts-links-2c .videoCube_hover span.branding {
    text-decoration: none;
    }

    .texts-links-2c .trc_rbox_div .videoCube.thumbnail_none a{
    display: list-item;
    list-style: disc outside none;
    vertical-align: top;
    overflow: visible;
    margin-left: 20px;
    padding: 0;
    }

    .texts-links-2c .videoCube .video-label-box {
    display: inline-block!important;
    vertical-align: top;
    width: 100%;
    *margin-top: -3px;
    min-height: 22.0px;
    }

    .texts-links-2c .trc_rbox_div .videoCube:hover .video-title {
    text-decoration: underline;
    }
    .texts-links-2c .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .texts-links-2c .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .texts-links-2c .syndicatedItem .branding {
    line-height: 22.0px;
    }

    .texts-links-2c .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }

    .thumbnails-a img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbnails-a [class*=span] {
    float:none;
    margin-left:0px;
    }

    .thumbnails-a .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: inline-block;
    width: 100%;
    height: auto;
    background: transparent;
    }

    .thumbnails-a .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbnails-a .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .thumbnails-a .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-a .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11.0px;
    }

    .thumbnails-a .videoCube a {
    padding: 0;
    }

    .thumbnails-a .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbnails-a .video-label-box {
    height: 88.0px;
    }

    .thumbnails-a .videoCube .video-label-box {
    margin-top: 5px;
    }

    .thumbnails-a .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbnails-a .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .thumbnails-a .video-label-box .branding {
    display: block;
    }

    .thumbnails-a .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .thumbnails-a .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .thumbnails-a .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-a .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-a-amp img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbnails-a-amp [class*=span] {
    float:none;
    margin-left:0;
    }

    .thumbnails-a-amp .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: block;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .thumbnails-a-amp .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbnails-a-amp .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .thumbnails-a-amp .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-a-amp .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11.0px;
    }

    .thumbnails-a-amp .videoCube a {
    padding: 0;
    }

    .thumbnails-a-amp .thumbBlock {
    margin: 0;
    }

    .thumbnails-a-amp .video-label-box {
    margin: 5px 0px 0px 0px;
    height: 88px;
    }

    .thumbnails-a-amp .syndicatedItem .video-label-box {
    margin: 5px 0px 0px 0px;
    height: 88px;
    }

    .thumbnails-a-amp .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbnails-a-amp .videoCube:hover .video-label-box .video-title,
    .thumbnails-a-amp .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .thumbnails-a-amp .video-label-box .branding {
    display: block;
    }

    .thumbnails-a-amp .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .thumbnails-a-amp .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .thumbnails-a-amp .trc_header_right_part {
    margin-top: 0px;
    }

    .thumbnails-a-amp .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-a-amp .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-b img {
    max-width: none;
    }
    /* override bootstrap default span definitions */
    .thumbnails-b [class*=span] {
    float:none;
    margin-left:0px;
    }
    .thumbnails-b .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: inline-block;
    width: 100%;
    height: auto;
    background: transparent;
    }
    .thumbnails-b .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }
    .thumbnails-b .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }
    .thumbnails-b .logoDiv a {
    font-size: 100%;
    }
    .thumbnails-b .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11.0px;
    }
    .thumbnails-b .videoCube a {
    padding: 0;
    }
    .thumbnails-b .thumbBlock {
    margin: 0;
    }
    .trc_elastic .thumbnails-b .video-label-box {
    height: 88.0px;
    }
    .thumbnails-b .videoCube .video-label-box {
    margin-top: 5px;
    }
    .thumbnails-b .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }
    .thumbnails-b .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }
    .thumbnails-b .video-label-box .branding {
    display: block;
    }
    .thumbnails-b .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .thumbnails-b .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }
    .thumbnails-b .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }
    .thumbnails-b .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-c img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbnails-c [class*=span] {
    float:none;
    margin-left:0px;
    }

    .thumbnails-c .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: inline-block;
    width: 100%;
    height: auto;
    }

    .thumbnails-c .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbnails-c .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .thumbnails-c .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-c .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11px;
    }

    .thumbnails-c .videoCube a {
    padding: 0;
    }

    .thumbnails-c .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbnails-c .video-label-box {
    height: 76.0px;
    }

    .thumbnails-c .videoCube .video-label-box {
    margin-top: 5px;
    }

    .thumbnails-c .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbnails-c .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .thumbnails-c .video-label-box .branding {
    display: block;
    }

    .thumbnails-c .syndicatedItem .branding {
    line-height: 19.0px;
    }
    .thumbnails-c .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .thumbnails-c .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-c .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-d img {
    max-width: none;
    }
    /* override bootstrap default span definitions */
    .thumbnails-d [class*=span] {
    float:none;
    margin-left:0px;
    }
    .thumbnails-d .trc_rbox_header {
    position: relative;
    display: inline-block;
    width: 100%;
    background: transparent;
    height: 37px;
    Line-height: 34px;
    padding: 5px 0px 10px 0px;
    }
    .thumbnails-d .trc_rbox_header .trc_rbox_header_span {
    bottom: -3px;
    position: relative;
    }
    .thumbnails-d .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }
    .thumbnails-d .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }
    .thumbnails-d .logoDiv a {
    font-size: 100%;
    }
    .thumbnails-d .logoDiv a span {
    display: inline;
    color: #999999;
    font-weight: normal;
    font-size: 11.0px;
    }
    .thumbnails-d .videoCube a {
    padding: 0;
    }
    .thumbnails-d .thumbBlock {
    margin: 0;
    }
    .trc_elastic .thumbnails-d .video-label-box {
    height: 66.0px;
    }
    .thumbnails-d .videoCube .video-label-box {
    padding: 5px 0px 0px 0px;
    }
    .thumbnails-d .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }
    .thumbnails-d .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }
    .thumbnails-d .video-label-box .branding {
    display: block;
    }
    .thumbnails-d .syndicatedItem .branding {
    line-height: 12.0px;
    height : 18.0px;
    }
    .thumbnails-d .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }
    .thumbnails-d .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }
    .thumbnails-d .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-d .syndicatedItem .video-title {
    padding-bottom: 5px;
    }
    .thumbnails-e img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbnails-e [class*=span] {
    float:none;
    margin-left:0px;
    }

    .thumbnails-e .trc_rbox_header {
    position: relative;
    display: inline-block;
    width: 100%;
    background: transparent;
    height: 37px;
    Line-height: 34px;
    }

    .thumbnails-e .trc_rbox_header .trc_rbox_header_span {
    bottom: -3px;
    position: relative;
    }
    .thumbnails-e .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbnails-e .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .thumbnails-e .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-e .logoDiv a span {
    display: inline;
    color: #999999;
    font-weight: normal;
    font-size: 11.0px;
    }

    .thumbnails-e .videoCube a {
    padding: 0;
    }

    .thumbnails-e .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbnails-e .video-label-box {
    height: 66.0px;
    }

    .thumbnails-e .videoCube .video-label-box {
    padding: 1px 6px 0 5px;
    border-color: #E4E4E4;
    border-style: solid;
    border-width: 0 0 0 2px;
    }

    .thumbnails-e .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbnails-e .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .thumbnails-e .video-label-box .branding {
    display: block;
    }

    .thumbnails-e .syndicatedItem .branding {
    line-height: 12.0px;
    height : 18.0px;
    }
    .thumbnails-e .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .thumbnails-e .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-e .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-f img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbnails-f [class*=span] {
    float:none;
    margin-left:0;
    }

    .thumbnails-f .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: inline-block;
    width: 100%;
    background: transparent;
    height: auto;
    }

    .thumbnails-f .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbnails-f .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .thumbnails-f .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-f .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11.0px;
    }

    .thumbnails-f .videoCube a {
    padding: 0;
    }

    .thumbnails-f .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbnails-f .video-label-box {
    height: 66.0px;
    }

    .thumbnails-f .videoCube .video-label-box {
    margin-top: 5px;
    }

    .thumbnails-f .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbnails-f .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .thumbnails-f .video-label-box .branding {
    display: block;
    }

    .thumbnails-f .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .thumbnails-f .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .thumbnails-f .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-f .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-feed img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbnails-feed [class*=span] {
    float:none;
    margin-left:0;
    }

    .thumbnails-feed .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: block;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .thumbnails-feed .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbnails-feed .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .thumbnails-feed .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-feed .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11.0px;
    }

    .thumbnails-feed .videoCube a {
    padding: 0;
    }

    .thumbnails-feed .thumbBlock {
    margin: 0;
    }

    .thumbnails-feed .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 66px;
    }

    .thumbnails-feed .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 66px;
    }

    .thumbnails-feed .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbnails-feed .videoCube:hover .video-label-box .video-title,
    .thumbnails-feed .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .thumbnails-feed .video-label-box .branding {
    display: block;
    line-height: 22.0px;
    }

    .thumbnails-feed .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .thumbnails-feed .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .thumbnails-feed .trc_header_right_part {
    margin-top: 0px;
    }

    .thumbnails-feed .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-feed .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-feed-a img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbnails-feed-a [class*=span] {
    float:none;
    margin-left:0;
    }

    .thumbnails-feed-a .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: block;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .thumbnails-feed-a .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbnails-feed-a .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .thumbnails-feed-a .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-feed-a .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11.0px;
    }

    .thumbnails-feed-a .videoCube a {
    padding: 0;
    }

    .thumbnails-feed-a .thumbBlock {
    margin: 0;
    }

    .thumbnails-feed-a .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 66px;
    }

    .thumbnails-feed-a .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 66px;
    }

    .thumbnails-feed-a .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbnails-feed-a .videoCube:hover .video-label-box .video-title,
    .thumbnails-feed-a .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .thumbnails-feed-a .video-label-box .branding {
    display: block;
    line-height: 22.0px;
    }

    .thumbnails-feed-a .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .thumbnails-feed-a .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .thumbnails-feed-a .trc_header_right_part {
    margin-top: 0px;
    }

    .thumbnails-feed-a .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-feed-a .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-feed-b img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbnails-feed-b [class*=span] {
    float:none;
    margin-left:0;
    }

    .thumbnails-feed-b .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: block;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .thumbnails-feed-b .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbnails-feed-b .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .thumbnails-feed-b .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-feed-b .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11.0px;
    }

    .thumbnails-feed-b .videoCube a {
    padding: 0;
    }

    .thumbnails-feed-b .thumbBlock {
    margin: 0;
    }

    .thumbnails-feed-b .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 66px;
    }

    .thumbnails-feed-b .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 66px;
    }

    .thumbnails-feed-b .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbnails-feed-b .videoCube:hover .video-label-box .video-title,
    .thumbnails-feed-b .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .thumbnails-feed-b .video-label-box .branding {
    display: block;
    line-height: 22.0px;
    }

    .thumbnails-feed-b .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .thumbnails-feed-b .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .thumbnails-feed-b .trc_header_right_part {
    margin-top: 0px;
    }

    .thumbnails-feed-b .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-feed-b .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-g img {
    max-width: none;
    }
    /* override bootstrap default span definitions */
    .thumbnails-g [class*=span] {
    float:none;
    margin-left:0px;
    }
    .thumbnails-g .trc_rbox_header {
    position: relative;
    display: inline-block;
    width: 100%;
    background: transparent;
    height: 37px;
    Line-height: 34px;
    }
    .thumbnails-g .trc_rbox_header .trc_rbox_header_span {
    bottom: -3px;
    position: relative;
    }
    .thumbnails-g .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }
    .thumbnails-g .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }
    .thumbnails-g .logoDiv a {
    font-size: 100%;
    }
    .thumbnails-g .logoDiv a span {
    display: inline;
    color: #999999;
    font-weight: normal;
    font-size: 11.0px;
    }
    .thumbnails-g .videoCube a {
    padding: 0;
    }
    .thumbnails-g .thumbBlock {
    margin: 0;
    }
    .trc_elastic .thumbnails-g .video-label-box {
    height: 72.0px;
    }
    .thumbnails-g .videoCube .video-label-box {
    padding: 0 5px;
    border-color: #E4E4E4;
    border-style: solid;
    border-width: 0 0 0 2px;
    }
    .thumbnails-g .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }
    .thumbnails-g .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }
    .thumbnails-g .video-label-box .branding {
    display: block;
    }
    .thumbnails-g .syndicatedItem .branding {
    line-height: 24.0px;
    height : 18.0px;
    }
    .thumbnails-g .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }
    .thumbnails-g .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }
    .thumbnails-g .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }.thumbnails-h img {
    max-width: none;
    }
    /* override bootstrap default span definitions */
    .thumbnails-h [class*=span] {
    float:none;
    margin-left:0;
    }
    .thumbnails-h .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: block;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    padding: 0 0 6px 0;
    box-sizing: initial;
    }
    .thumbnails-h .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }
    .thumbnails-h .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }
    .thumbnails-h .logoDiv a {
    font-size: 100%;
    }
    .thumbnails-h .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 9.0px;
    }
    .thumbnails-h .videoCube a {
    padding: 0;
    }
    .thumbnails-h .thumbBlock {
    margin: 0;
    }
    .trc_elastic .thumbnails-h .video-label-box {
    height: 72.0px;
    }
    .thumbnails-h .videoCube .video-label-box {
    margin-top: 5px;
    }
    .thumbnails-h .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }
    .thumbnails-h .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }
    .thumbnails-h .video-label-box .branding {
    display: block;
    }
    .thumbnails-h .syndicatedItem .branding {
    line-height: 24.0px;
    }
    .thumbnails-h .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }
    .thumbnails-h .trc_header_right_part {
    margin-top: 0px;
    }
    .thumbnails-h .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }
    .thumbnails-h .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbnails-i img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbnails-i [class*=span] {
    float:none;
    margin-left:0px;
    }

    .thumbnails-i .trc_rbox_header {
    position: relative;
    display: inline-block;
    width: 100%;
    background: transparent;
    height: 37px;
    Line-height: 34px;
    }

    .thumbnails-i .trc_rbox_header .trc_rbox_header_span {
    bottom: -3px;
    position: relative;
    }
    .thumbnails-i .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbnails-i .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .thumbnails-i .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-i .logoDiv a span {
    display: inline;
    color: #999999;
    font-weight: normal;
    font-size: 11.0px;
    }

    .thumbnails-i .videoCube a {
    padding: 0;
    }

    .thumbnails-i .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbnails-i .video-label-box {
    height: 66.0px;
    }

    .thumbnails-i .videoCube .video-label-box {
    padding: 0 5px;
    border-color: #E4E4E4;
    border-style: none;
    border-width: 0 0 0 2px;
    }

    .thumbnails-i .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbnails-i .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .thumbnails-i .video-label-box .branding {
    display: block;
    }

    .thumbnails-i .syndicatedItem .branding {
    line-height: 12.0px;
    height : 18.0px;
    }
    .thumbnails-i .trc_header_left_column {
    width: 48%;
    display: inline-block;
    background: transparent;
    height: auto;
    }

    .thumbnails-i .trc_rbox_header .logoDiv a {
    font-size: 100%;
    }

    .thumbnails-i .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }.thumbs-2r img {
    max-width: none;
    }

    .thumbs-2r .video-title, .thumbs-2r .syndicatedItem .video-title {
    font-size: 14px\9;
    }

    /* override bootstrap default span definitions */
    .thumbs-2r [class*=span] {
    float:none;
    margin-left:0px;
    }

    #taboola-thumbs-2r {
    padding-bottom: 20px;
    }
    .trc_rbox_container .thumbs-2r.trc_rbox .trc_rbox_header {
    padding-left: 0;
    padding-right: 0;
    }

    .thumbs-2r .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    }

    .thumbs-2r .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbs-2r .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.1em;
    position: relative;
    top: auto;
    right: auto;
    }

    .thumbs-2r .logoDiv a {
    vertical-align: baseline;
    }

    .thumbs-2r .logoDiv a span {
    display: inline;
    color: black;
    font-weight: normal;
    font-size: 13.6px;
    font-family: ‘akzidenz-grotesk-std-bloom’,Arial,Helvetica,sans-serif;
    }

    .logoDiv a span:hover {
    text-decoration: none;
    }

    .thumbs-2r .videoCube a {
    padding: 0;
    }

    .thumbs-2r .trc_rbox_div .videoCube {
    padding: 0px 0px 0px;
    }

    .thumbs-2r .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbs-2r .video-label-box {
    height: 5.3em;
    }

    .thumbs-2r .videoCube .video-label-box {
    margin-top: 5px;
    height: 62.4px;
    }

    .thumbs-2r .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    letter-spacing: -0.02em;
    }

    .thumbs-2r .videoCube:hover .video-label-box .video-title {
    text-decoration: none;
    }

    .thumbs-2r .video-label-box .branding {
    display: block;
    }

    .thumbs-2r .syndicatedItem .branding {
    line-height: 22.0px;
    }
    .thumbs-2r .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    letter-spacing: -0.02em;
    }
    @media screen and (max-width: 767px){
    .trc_rbox_container .thumbs-2r.trc_rbox .trc_rbox_header {
    font-size: 24px;
    }
    .trc_rbox_container .thumbs-2r .syndicatedItem .video-title {
    font-size: 14px;
    }
    .trc_rbox_container .thumbs-2r .syndicatedItem .branding {
    font-size: 14px;
    }
    }

    .thumbs-2r-responsive img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbs-2r-responsive [class*=span] {
    float:none;
    margin-left:0px;
    }

    .thumbs-2r-responsive .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    }

    .thumbs-2r-responsive .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbs-2r-responsive .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.2em;
    }

    .thumbs-2r-responsive .logoDiv a {
    vertical-align: baseline;
    }

    .thumbs-2r-responsive .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11px;
    }

    .thumbs-2r-responsive .videoCube a {
    padding: 0;
    }

    .thumbs-2r-responsive .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbs-2r-responsive .video-label-box {
    height: 76.0px;
    }

    .thumbs-2r-responsive .videoCube .video-label-box {
    margin-top: 5px;
    }

    .thumbs-2r-responsive .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbs-2r-responsive .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .thumbs-2r-responsive .video-label-box .branding {
    display: block;
    }

    .thumbs-2r-responsive .syndicatedItem .branding {
    line-height: 19.0px;
    }
    .thumbs-2r-responsive .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    }

    .thumbs-2r-responsive .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbs-2r-rr img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbs-2r-rr [class*=span] {
    float:none;
    margin-left:0px;
    }

    .thumbs-2r-rr .trc_rbox_header {
    line-height: 1.5em;
    position: relative;
    height: auto;
    }

    .thumbs-2r-rr .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbs-2r-rr .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.2em;
    }

    .thumbs-2r-rr .logoDiv a {
    vertical-align: baseline;
    }

    .thumbs-2r-rr .logoDiv a span {
    display: inline;
    color: #fff;
    font-weight: normal;
    font-size: 10px;
    }

    .thumbs-2r-rr .videoCube a {
    padding: 0;
    }

    .thumbs-2r-rr .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbs-2r-rr .video-label-box {
    height: 76.0px;
    }

    .thumbs-2r-rr .videoCube .video-label-box {
    margin-top: 5px;
    }

    .thumbs-2r-rr .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbs-2r-rr .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .thumbs-2r-rr .video-label-box .branding {
    display: block;
    }

    .thumbs-2r-rr .syndicatedItem .branding {
    line-height: 19.0px;
    }
    .thumbs-2r-rr .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    }

    .thumbs-2r-rr .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }

    .thumbs-2r-wide img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbs-2r-wide [class*=span] {
    float:none;
    margin-left:0px;
    }

    .thumbs-2r-wide .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    }

    .thumbs-2r-wide .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbs-2r-wide .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.2em;
    }

    .thumbs-2r-wide .logoDiv a {
    vertical-align: baseline;
    }

    .thumbs-2r-wide .logoDiv a span {
    display: inline;
    color: #000000;
    font-weight: normal;
    font-size: 11px;
    }

    .thumbs-2r-wide .videoCube a {
    padding: 0;
    }

    .thumbs-2r-wide .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbs-2r-wide .video-label-box {
    height: 76.0px;
    }

    .thumbs-2r-wide .videoCube .video-label-box {
    margin-top: 5px;
    }

    .thumbs-2r-wide .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbs-2r-wide .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .thumbs-2r-wide .video-label-box .branding {
    display: block;
    }

    .thumbs-2r-wide .syndicatedItem .branding {
    line-height: 19.0px;
    }
    .thumbs-2r-wide .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    }

    .thumbs-2r-wide .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }
    .thumbs-2rr img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbs-2rr [class*=”span”] {
    float:none;
    margin-left:0px;
    }

    .thumbs-2rr .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    }

    .thumbs-2rr .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbs-2rr .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.2em;
    }

    .thumbs-2rr .logoDiv a {
    vertical-align: baseline;
    }

    .thumbs-2rr .logoDiv a span {
    display: inline;
    color: black;
    font-weight: normal;
    font-size: 10px;
    }

    .thumbs-2rr .videoCube a {
    padding: 0;
    }

    .thumbs-2rr .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbs-2rr .video-label-box {
    height: 64.0px;
    }

    .thumbs-2rr .videoCube .video-label-box {
    margin-top: 5px;
    }

    .thumbs-2rr .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbs-2rr .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .thumbs-2rr .video-label-box .branding {
    display: block;
    }

    .thumbs-2rr .syndicatedItem .branding {
    line-height: 16.0px;
    }
    .thumbs-2rr .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    }

    .thumbs-2rr .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }

    .thumbs-2rx2 img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbs-2rx2 [class*=span] {
    float:none;
    margin-left:0px;
    }

    .thumbs-2rx2 .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    height: auto;
    padding: 5px 0;
    }

    .thumbs-2rx2 .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbs-2rx2 .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: 1.2em;
    }

    .thumbs-2rx2 .logoDiv a {
    vertical-align: baseline;
    }

    .thumbs-2rx2 .logoDiv a span {
    display: inline;
    color: black;
    font-weight: normal;
    font-size: 10px;
    }

    .thumbs-2rx2 .videoCube a {
    padding: 0;
    }

    .thumbs-2rx2 .thumbBlock {
    margin: 0;
    }

    .trc_elastic .thumbs-2rx2 .video-label-box {
    height: 64.0px;
    }

    .thumbs-2rx2 .videoCube .video-label-box {
    margin-top: 5px;
    }

    .thumbs-2rx2 .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbs-2rx2 .videoCube:hover .video-label-box .video-title {
    text-decoration: underline;
    }

    .thumbs-2rx2 .video-label-box .branding {
    display: block;
    }

    .thumbs-2rx2 .syndicatedItem .branding {
    line-height: 16.0px;
    }
    .thumbs-2rx2 .trc_header_left_column {
    background: transparent;
    display: inline;
    height: auto;
    }

    .thumbs-2rx2 .trc_rbox_header .trc_header_ext {
    position: relative;
    top: auto;
    right: auto;
    }

    .thumbs-3r .videoCube .video-label-box .video-title {
    }
    .thumbs-3r .trc_rbox_header_span {
    display: inline-block;
    margin: 0;
    width: 100%;
    line-height: 1em;
    }
    /** recommendations */
    .thumbs-3r .trc_rbox_div {
    margin-bottom: 0;
    height: auto;
    overflow: hidden !important;
    }
    .thumbs-3r .trc_rbox_div > div {
    width: 100% !important;
    }
    .thumbs-3r .videoCube {
    margin: 0;
    padding-top: 5px;
    }
    .thumbs-3r .trc_rbox_div .videoCube{
    padding-left: 0;
    }

    .thumbs-3r .trc_rbox_div .trc-first-recommendation {
    padding-top: 0;
    }

    .thumbs-3r .trc_rbox_div .videoCube .thumbBlock_holder {
    margin-right: 0;
    margin-right: 0;
    float: left;
    width: 48%;
    }

    .thumbs-3r .videoCube .video-title {
    margin-bottom: 10px;
    padding: 0 14px 0 10px;
    }
    .thumbs-3r .videoCube .sponsored {

    }
    .thumbs-3r .videoCube .sponsored-url {
    padding-left: 10px;
    }
    .thumbs-3r .videoCube .sponsored-url, .thumbs-3r .videoCube.syndicatedItem .branding {
    padding-left: 10px;
    }
    .thumbs-3r .video-label-box .branding {
    display: block;
    overflow: hidden;
    }
    /** by taboola */
    .thumbs-3r .logoDiv {
    vertical-align: baseline;
    }
    .thumbs-3r .logoDiv a span {
    display: inline;
    color: #999999;
    font-weight: normal;
    font-size: 10px;
    font-family: Arial, Helvetica, sans-serif;
    }
    .thumbs-3r.trc_rbox .videoCube a {

    }
    .trc_rbox_container .thumbs-3r .trc_rbox_header {
    padding: 0;
    height: 0;
    }

    .thumbs-feed-01 img {
    max-width: none;
    }

    /* override bootstrap default span definitions */
    .thumbs-feed-01 [class*=span] {
    float:none;
    margin-left:0;
    }

    .thumbs-feed-01 .trc_rbox_header {
    line-height: 1.2em;
    position: relative;
    display: none;
    width: auto;
    margin: 0px 0px 0px 0px;
    background: transparent;
    height: auto;
    background-color: transparent;
    box-sizing: initial;
    }

    .thumbs-feed-01 .trc_rbox_header_span .trc_header_right_column {
    display: none;
    background: transparent;
    height: auto;
    }

    .thumbs-feed-01 .trc_rbox_header .logoDiv {
    font-size: inherit;
    line-height: normal;
    }

    .thumbs-feed-01 .logoDiv a {
    font-size: 100%;
    }

    .thumbs-feed-01 .logoDiv a span {
    display: inline;
    color: #999999;
    font-weight: normal;
    font-size: 11.0px;
    }

    .thumbs-feed-01 .videoCube a {
    padding: 0;
    }

    .thumbs-feed-01 .thumbBlock {
    margin: 0;
    }

    .thumbs-feed-01 .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 81px;
    }

    .thumbs-feed-01 .syndicatedItem .video-label-box {
    margin: 5px 5px 0px 5px;
    height: 81px;
    }

    .thumbs-feed-01 .videoCube .video-label-box .video-title {
    text-decoration: none;
    margin: 0;
    }

    .thumbs-feed-01 .videoCube:hover .video-label-box .video-title,
    .thumbs-feed-01 .videoCube:hover .video-label-box .video-description {
    text-decoration: underline;
    }

    .thumbs-feed-01 .video-label-box .branding {
    display: block;
    line-height: 27.0px;
    }

    .thumbs-feed-01 .syndicatedItem .branding {
    line-height: 27.0px;
    }
    .thumbs-feed-01 .trc_header_left_column {
    background: transparent;
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  • Walmart Testing Flippy The Job-Stealing Robot Cook

    Walmart is testing out a new kitchen robot assistant named “Flippy” at its Bentonville, Arkansas headquarters in order to see if it might make for a valuable team member in its in-store delis, according to Yahoo! Finance

    While Flippy had somewhat of a rocky start at a Pasadena, California burger joint – having to be taken offline after its human co-workers couldn’t prepare patties fast enough, the robot has had more recent success flipping 17,000 pounds of chicken tenders and tater tots at Dodger Stadium in Los Angeles. 

    “Walmart saw what we were doing and said, ‘Could you bring Flippy from Dodgers Stadium to our Culinary Institute?” said Miso Robotics CEO David Zito. 

    Yahoo Finance visited Flippy to see it in action at Walmart’s Culinary Institute and Innovation Center.

    The way it works is Flippy automates the frying process for many of the items served in the deli, including chicken tenders, mozzarella sticks, and potato wedges. –Yahoo! Finance

    The way Flippy would work at Walmart is that an associate would place a frozen product on a rack, which Flippy would then identify and pick up using visual recognition technology. Flippy then “agitates” a basket of frying food to ensure even cooking, after which the robot will move the basket to a drip rack. 

    After a human tests the food’s internal temperature, the associate can season it before it’s placed in the hot food display case. 

    “If you think about commercial kitchens, they really are micro-manufacturing facilities. And yet, they are some of the hardest conditions for people to work in,” said Zito. “Our whole thing is not about job replacement, right. You hear this over and over again. Automating food is very difficult. Ask any chef. Their goal is to try to faithfully reproduce that delicious recipe that they unlocked once. And in software we do that all day long, we make an app, it’s great, and everyone gets the same experience over and over again. With food, you crack that code once, and you get that flavor that’s so great and then it’s so hard to faithfully reproduce it. What we want to do is assist the hardworking linemen cooks and chefs in America with tools to give them the ability to faithfully reproduce while taking the burden off some of these more repetitive and mundane tasks.”

    While Flippy is advertised as an “extra set of hands,” it’s also much cheaper – with a one-time cost to purchase and minimal ongoing maintenance, Walmart and other employers won’t have things like pesky Social Security and Medicare tax, federally mandated breaks, or liability insurance. That is, until Flippy becomes sentient and decides to get revenge on his human slave masters. 

    Flippy, meanwhile, isn’t the only game in town. A Japanese convenience store chain, Lawson, has installed 5-foot-tall robot which can cook “gyoza” dumplings and other items for its customers, according to NHK

    Customers who order the bite-sized chicken at the counter receive a package that is placed in the box-shaped robot. Cooking takes about 1 minute.

    Lawson officials say fried chicken and other hot food sell well during winter, but that sometimes stores cannot prepare enough due to the worker shortage.

    The officials say Lawson stores nationwide use about 40 thousand tons of chicken to make about 2 billion pieces of fried chicken annually. They plan to install cooking robots at other stores. –NHK

    Lawson President Sadanobu Takemasu has pointed to labor shortages as a serious problem in Japan, and said that his company needs to use the robots to maintain efficient store operations.

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Today’s News 12th December 2018

  • "Stronghold Of Evil" – Russia Slams America's Illegal Syrian Occupation

    On Tuesday a top Russian military official slammed the United States for “illegally occupying” a massive zone in southwest Syria surrounding the American garrison of al-Tanf, effectively protecting some 6,000 armed militants that Russia has designated terrorists. 

    The Head of Russia’s National Defense Control Center, Colonel-General Mikhail Mizintsev, called the US-occupied area “the last stronghold of evil” which continues to fester with militants “on the territory of the independent state”. He identified a 55 km zone surrounding the base in a desert region along the Syrian-Iraq border, which American special forces and US-backed FSA groups have held since 2016 after taking the key crossing from ISIS. 

    American base in Syria

    “Perhaps, only our American partners do not want to see up to date how much has been done to revive peaceful life in Syria. They are holding with incomprehensible stubbornness the occupied 55 km area around al-Tanf where 6,000 armed militants are on the loose and are preventing the disbanding of the Rukban refugee camp,” the general said at a Syrian-Russian inter-departmental coordination headquarters, according to TASS.

    The Rukban camp falls withing the US-occupied perimeter and is home to between 50,000 and 60,000 refugees stuck near the desolate Jordanian and Iraqi frontier, especially after Jordan closed its side of the border in 2016. Russia has accused US forces of preventing humanitarian aid from reaching the camp, except through the mediation of armed groups operating in the area, with some militants based in the camp itself. 

    Russia’s Foreign Ministry asked previously this week: “Why do the US’ partners insist on joining the militants from illegal armed groups to render humanitarian aid and not give their consent to real assistance to those in need in Rukhan?” Recent reports suggest the camp is on the brink of mass starvation, with the US and Damascus trading blame for holding up U.N. aid convoys into the camp, which is also occupied by armed groups fighting the Syrian government. 

     Al Rukban camp between the Jordan and Syria borders, via the AP

    The Foreign Ministry further laid specific blame for a UN and Syrian Red Crescent convoy being turned away in November from the US-occupied zone by American occupying forces. 

    Foreign Ministry spokesman Igor Tsarikov said:

    There is growing concern related to the dubious activity of the United State and its allies in Syria. The illegal occupation of the 55 km zone around the base in al-Tanf continues to be the basic source of destabilization in that part of Syria.

    Meanwhile The New Yorker recently acknowledged the US presence in Syria to be much larger than previously thought, describing the total size of American occupied territory as “about the size of Croatia.” 

    According to The New Yorker:

    The United States has built a dozen or more bases from Manbij to Al-Hasakah, including four airfields, and American-backed forces now control all of Syria east of the Euphrates, an area about the size of Croatia

    A year ago a Pentagon official let slip that there are about 4,000 American personnel in Syria  a number which has likely climbed since then.

    It goes without saying that of course there’s never been a Congressional vote or authorization on this, just the same shoddy post-911 AUMF fig leaf of “legality”. 

  • The China Agenda Behind Trump Leaving the INF Treaty

    Authored by Richard Bitzinger via The Asia Times,

    A recent decision by the Trump administration could have major implications for defense and security in Asia, although you could be forgiven for missing it, what with the Democratic landslide in the midterm elections and the Mueller investigation causing near-daily meltdowns by America’s commander-in-chief.

    The decision the Trump administration announced was that the US will withdraw from the 1987 Intermediate Nuclear Forces (INF) Treaty in 60 days, unless Russia stops testing weapons that Washington says are in violation of the agreement.

    The INF Treaty was the capstone of arms control efforts undertaken during the late 1980s, a deal signed by President Ronald Reagan and Soviet leader Mikhail Gorbachev to ban the development, production and deployment of nuclear-tipped ballistic and ground-launched cruise missiles with a range greater than 500 kilometers and less than 5,500 kilometers.

    The agreement came about after the Soviets started deploying intermediate-range missiles such as the SS-20 in Eastern Europe in the late 1970s. Given its mobility, load and accuracy, the SS-20 was regarded as a highly effective offensive nuclear weapon that threatened all of NATO Europe. After considerable and often acrimonious debate, NATO responded by emplacing its own INF in Western Europe, mainly the Pershing II ballistic missile and the Ground-Launched Cruise Missile (GLCM).

    It was a move that caused considerable protest in Western Europe, with anti-nuclear marches, demonstrations and sit-ins at US bases across Europe. But the NATO INF deployments had their political effect in bringing the Gorbachev regime to the negotiating table, and the INF Treaty was the first agreement to effectively ban a whole class of nuclear forces, at least by the US and Russia. Within three years of its coming into force, nearly 2,700 missiles were withdrawn and destroyed.

    Why Trump wants to leave the treaty

    Flash forward to 2018. Trump’s foreign policy coterie, led by Secretary of State Michael Pompeo and National Security Advisor John Bolton – a man who was never a fan of arms control agreements – has accused Russia of violating the INF Treaty by continuing to test two types of missiles.

    The first is the SSC-8 cruise missile, reportedly a ground-launched version of the ship- and submarine-based Kalibr missile system. The INF Treaty does not apply to sea-based or air-launched intermediate-range delivery vehicles.

    Russia has been testing the SSC-8 for the past decade and it supposedly has a range of 2,500 kilometers, placing it clearly within the banned zone.

    Second, Moscow is also working on a ballistic missile designated the RS-26. Although technically an intercontinental ballistic missile (ICBM), that is, with a range greater than 5,500 kilometers, the RS-26 has been test-fired at distances of about 2,000 kilometers, potentially making it an INF weapon in disguise.

    Cutting off its nose to spite its face

    Washington’s threat to leave the agreement has supporters outside the administration. The alleged non-compliance was first noted by the Obama administration and a number of Trump critics, including lapsed neoconservative Max Boot, have voiced their support for pulling out of the INF Treaty.

    Still, it is a dangerous bluff. If Washington finds itself dissatisfied with Moscow’s responses and withdraws from the agreement, it simply leaves the field clear for Russia to quickly saturate its European territory with already available INF systems.

    In the meantime, the US has no plans or programs even under consideration for reintroducing such forces to NATO Europe. At the same time, it is highly unlikely Western Europe would ever readily agree to reintroducing such weapons on their territories, especially given the current chill in transatlantic relations – which are mostly of Trump’s own making.

    The US would be cutting off its nose to spite its face.

    Just about China?

    More to the point, it is likely that the Trump administration is concerned more about the build-up of Chinese nuclear forces than it is about Russia. The INF Treaty applies only to the US and Russia, and China has been steadily expanding its stable of medium- and intermediate-range nuclear forces for decades.

    More importantly, it has significantly built up its strategic nuclear forces, which now stands at about 50-60 ICBMs, particularly road-mobile, solid-fueled rockets.

    The US argument inferred here is that Washington lacks the capacity to deploy countering nuclear forces closer to China and that it therefore needs ground-based INF in Asia.

    There are two things wrong with this line of reasoning.

    In the first place, the US already has considerable numbers of INF systems dedicated to Asia. These include the sea-based Tomahawk Land-Attack Missile (TLAM), which can be launched from both surface ships and submarines, and the AGM-86 Air-Launched Cruise Missile (ALCM), which will soon be replaced by new Long Range Stand Off (LRSO) Weapon.

    A few more land-based GLCMs are not going to make that much of a difference.

    Second, like Western Europe, it is hard to see any Asian ally or partner agreeing to permit the deployment of INF on their territories. Certainly not Japan, with its decades-old, baked-in anti-nuclearism. And certainly not South Korea, which experienced major convulsions just trying to deploy what basically is a defensive weapon, the Terminal High Altitude Area Defense (THAAD) system.

    And certainly not Australia, the Philippines or Singapore – the potential political consequences of angering China are just too great, compared with any potential strategic gain.

    In short, any kind of INF in Asia is a non-starter. The US does not need INF to counter China or Russia, it has no place to put them in Asia, and it would force Washington to waste money on yet another misguided military program it can ill-afford.

  • Deutsche Bank Raises Odds That UK Government Will Collapse

    Shortly before the first headlines claiming that the conservatives’ 1922 Committee had finally reached the 48-letter threshold to call a no confidence vote in Theresa May hit the tape, Deutsche Bank analysts published an extremely timely update to its projected Brexit outcome odds that featured a decidedly bearish tilt.

    In the wake of last week’s historic contempt vote that forced May to publish the damaging attorney generals’ findings (which confirmed the worst-case scenario touted by Brexiteers in their warnings about the UK potentially becoming a vassal state), DB has raised the odds that May could be ousted either in an intra-party no-confidence vote or a (significantly more bearish) no confidence vote in May’s government (which could clear the way for a general election).

    May

    Regardless of whether May manages to hold on to power, DB’s “base case” for the timing of successful passage of a deal has shifted to Q1 (something that analysts at Goldman Sachs had pegged from the beginning, noting the tendency for any negotiations involving the EU to go down to the wire).

    However, if May manages to secure “meaningful clarification” from the EU regarding the Irish backstop (something that most analysts believe to be unlikely, given senior EU bureaucrats’ insistence that negotiations cannot be reopened) it’s possible a vote on the current deal could come before lawmakers leave for their holiday recess on Dec. 20.

    As it stands, DB analysts believe the three most likely scenarios for reaching a deal (presumably, a deal will be reached, they believe, given the absence of any meaningful political will for a ‘no deal’ Brexit) are: Abandoning the backstop in favor of the earlier Northern Ireland-specific backstop (which could win over votes from Tory backbenchers but alienate the DUP), using the political declaration to reach some kind of compromise with Labour (which the analysts admit is unlikely) or deferring a vote on the current agreement until next year, where May has set a ‘hard’ deadline of Jan. 21 for a vote.

    There are three possible alternatives. The first is that the UK wide backstop is scrapped altogether in favour of just a Northern Ireland specific backstop (i.e. that the government return to a previous draft of the Withdrawal Agreement). Assuming the EU27 agree, this could win more support for the government from Conservative backbench MPs, but would lose the government support from the DUP. It is not clear whether this could win support from Labour MPs – our view is this is unlikely unless changes are made to the political declaration on the future relationship. In these circumstances, the government would still face defeat in parliament.

    The second option is that Prime Minister May decides to create room for compromise with Labour backbenchers by utilizing the political declaration on the future relationship. At this stage such an outcome looks implausible but given the extremely fluid political situation cannot be ruled out. Such an outcome would be the most bullish, as this path has the highest chance of securing the government a majority in the House of Commons.

    The third option is that Prime Minister May stalls for time, and defers a parliamentary vote until the New Year. In these circumstances the ‘hard stop’ for the government is the 21st January. According to the Brexit Withdrawal Bill, should the government fail to reach agreement with the EU27 by that date, a minister must give a Statement to the House of Commons and the House of Commons would vote on a neutral motion either approving the government’s plans or rejecting them.

    Whichever option May chooses, if her deal is ultimately defeated in a vote, it would open the door to a no confidence in her government and – possibly – general elections. This outcome would be extremely market negative.

    In our view, should a vote be put before the House of Commons without an attempt to reach across party lines, the government is likely to be defeated. Our prior had been such a defeat could create the political room for a compromise, but with Prime Minister May having staked so much politically on her current Brexit agreement, this is now less certain. As a result, the prospects of Prime Minister. May either being forced out in a Conservative no confidence motion, resigning, or the government falling in a vote of no confidence have increased.

    Here’s a breakdown of DB’s probabilities:

    • May passes current deal or modified softer Brexit agreement through parliament: 50% (previously 65%).

    • May loses confidence vote or resigns, or government voted down by DUP and early general election: 30% (previously 10%).

    • Second referendum: 20% (previously 25%).

    And a handy flow chart that helps drive home DB’s point that whatever happens next is anybody’s guess:

    Brexit

     

  • Can The 'Yellow Vests' Protests Go Global?

    Authored by Mike Krieger via Liberty Blitzkrieg blog,

    When it comes to the relationship of U.S. citizens to the politicians and bureaucrats in Washington D.C., there’s no indication that anything remotely resembling self-government is happening. Rather, the relationship is far more like that of a servant to a master.

    From the October post: Americans are Stuck in Abusive Relationships with Power

    The gilets jaunes, or “yellow vests” protests, emerged seemingly out of nowhere about a month ago and have in a few short weeks shaken the French political power structure to its core. Just yesterday, the exceedingly unpopular President Macron cried uncle and offered a series of concessions to the protesters. Many commentators have come to the simplistic and erroneous conclusion that violence works, but it wasn’t the burning cars or streets filled with tear gas that really scared Macron and the people around him. It was something much deeper than that.

    First, powerful elites tend to be control freaks. Abuse of the law, institutionalized corruption and invasive surveillance typically make the powerful feel comfortable their position is secure. What really makes them shake is when something totally unexpected happens — and the virality and force of the gilets jaunes movement caught them off guard.

    Second, the diverse, nebulous and leaderless nature of the participants and their grievances made it a difficult narrative to counter through the media or government spokespeople. It wasn’t masterminded by dissident political parties or even France’s activist unions. Though it was catalyzed by rising taxes on diesel fuel, it quickly became a rallying point for a hodgepodge of individuals with a variety of serious gripes against Macron and his neoliberal policies.

    Third, and most important, the protests have been very popular amongst the wider French population, with polls in early Decembershowing around 70% support. For Macron, a former Rothschild investment banker nicknamed “president of the rich,” that kind of broad support isn’t something easily ignored (though I’m sure he tried).

    As the protests started to attract increased international attention, I began to wonder if they could spread spontaneously to other nations. As such, it was noteworthy to see reports of yellow vest-style protests in Belgium, and to a lesser extent The Netherlands, this past weekend. Then last evening I came across the following headline from the AP.

    CAIRO (AP) — Egyptian authorities have quietly introduced restrictions on the sale of yellow reflective vests, fearing opponents might attempt to copy French protesters during next month’s anniversary of the 2011 popular uprising that toppled autocrat Hosni Mubarak, security officials and retailers said Monday.

    They said industrial safety equipment dealers have been instructed not to sell yellow vests to walk-in buyers and to restrict business to wholesale sales to verified companies, but only after securing police permission. They were told offenders would be punished, the officials said without elaborating.

    You know a government’s weak and paranoid when they’re afraid citizens might wear an article of brightly colored clothing into the streets, but the concern is warranted. Not just in Egypt, but across the world.

    We humans are systematically manipulated into seeing ourselves as totally different and at odds with one another, but the truth of the matter is virtually all of us currently living on this beautiful planet share something very significant in common with one another. We all reside in countries run by and for the benefit of a tiny group of lawless and unscrupulous people. While some nations are clearly in far worse shape than others, we all live in very corrupt and increasingly unfree societies.

    Because humans are easily divided and conquered, both within our own countries and on a global level, the few are able to easily rule over the many. If we can somehow find a way to resist power elite manipulations and unite to focus our attention on the true root of our problems, there’s nothing we can’t accomplish.

    With Christmas coming and the weather in the northern hemisphere set to get colder, it’s certainly possible the gilets jaunes movement dies down a bit. If so, I have no doubt it’ll re-emerge even stronger down the road, because absolutely nothing systemic has been solved with Macron’s pitiful concessions.

    More significantly, the French have provided the rest of the world with an important lesson. That protest movements should ideally tap into widespread grievances and capture the support of the masses in order to be most powerful and effective. This shouldn’t be hard for anyone, since I can’t think of any major governments anywhere in the world that aren’t completely captured by destructive special interests and unprincipled oligarchs.

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    We live in a global kakistocracy and we’ve been too busy fighting with each other to do anything meaningful about it. Let’s stop doing that.

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  • Hack Of 500 Million Marriott Guests Traced To Chinese Intelligence Services

    First it was the North Korean hackers that were accused of somehow hacking into Sony’s unbreakable firewall. Then, for a period of almost three years, not a single computer, voting booth, or nuclear power plant appeared to be safe from the Russian hacking scourge, which according to much of the US press, singlehandedly won the election for Trump.

    Well, step aside Russians and make room for the Chinese hacker army, because according to the NYT citing two sources, the recent cyberattack on the Marriott hotel chain that collected passport information or other personal details of roughly 500 million guests was part of a Chinese intelligence-gathering effort that hacked health insurers, other hotels and the security clearance files of millions more Americans.

    And just like in the Russian narrative, these were no ordinary hackers, but the kind that worked on behalf of the Ministry of State Security.

    The latest discovery comes at a very opportunistic time: just as the Trump administration plans a series of actions targeting China’s trade, cyber and economic policies. As reported earlier, even as the trade war between the US and China is supposedly in a tenuous ceasefire, the DOJ is preparing to announce new indictments against Chinese hackers working for the intelligence and military services. The Trump administration also plans to declassify intelligence to reveal concerted efforts by Chinese agents, dating to 2014 or earlier, to build a database containing names of executives and American government officials with security clearances.

    Finally, as we discussed yesterday when we commented that the real reason for the US-China trade war is the US desire to halt or at least delay China from manufacturing its own high-tech semiconductors, the NYT also adds that the Trump administration is considering an executive order intended to make it harder for Chinese companies to obtain critical telecommunications equipment.

    The coordinated moves against Chinese hackers are expected to be announced within days, and stem from the growing concern within the administration that “the 90-day trade truce negotiated between President Trump and President Xi Jinping in Buenos Aires two weeks ago may do little to change China’s behavior — including coercing American companies to hand over valuable technology if they seek to enter the Chinese market, as well as the theft of industrial secrets on behalf of state-owned companies.”

    Meanwhile, the actual hack of Marriott’s Starwood chain, which was only revealed late last month after being discovered in September, is not expected to be part of the coming indictments.

    But two of the government officials said it has added urgency to the administration’s crackdown, given that Marriott is the top hotel provider for United States government and military personnel.

    The crackdown is in response to what has vexed the Trump administration as Russia China appears to have reverted over the past 18 months to the kind of cyber intrusions into American companies and government agencies that former President Barack Obama thought he had ended with a 2015 agreement with Mr. Xi.

    And just like Russia, China has denied any knowledge.

    Geng Shuang, a spokesman for the Chinese Ministry of Foreign Affairs, denied any knowledge of the Marriott hack. “China firmly opposes all forms of cyberattack and cracks down on it in accordance with the law,” he said. “If offered evidence, the relevant Chinese departments will carry out investigations according to the law.”

    “China is one of the major victims of threats to cyber security including cyberhacking,” he said.

    Logically, the risk with the coming sweeping accusations, is that while top administration officials insist that the trade talks are proceeding on a separate track, the broader crackdown on China could undermine Trump’s ability to reach an agreement with Xi as American charges against senior members of China’s intelligence services — in tandem with the targeting of high-profile technology executives, like Meng Wanzhou, the chief financial officer of the communications giant Huawei and daughter of its founder — risk hardening opposition in Beijing to negotiating with Mr. Trump.

    Over the weekend, China was infuriated by the arrest of Meng, who was detained in Canada on suspicion of fraud involving violations of United States sanctions in Iran. She was granted bail of 10 million Canadian dollars, or $7.5 million, while awaiting extradition to the United States, a Canadian judge ruled on Tuesday.

    In response, American business leaders have been bracing for retaliation from China, which has demanded the immediate release of Meng and accused both the United States and Canada of violating her human rights. On Tuesday, the International Crisis Group said that one of its employees, a former Canadian diplomat, had been detained in China. The disappearance of the former diplomat, Michael Kovrig, could further inflame tensions between China and Canada. “We are doing everything possible to secure additional information on Michael’s whereabouts as well as his prompt and safe release,” the group said in a statement on its website.

    Late on Tuesday, in an interview with Reuters, Trump said that he would consider intervening in the Huawei case if it would help serve national security and help get a trade deal done with China. Such a move would essentially pit Trump against his own Justice Department, which coordinated with Canada to arrest Meng as she changed planes in Vancouver.

    “If I think it’s good for what will be certainly the largest trade deal ever made — which is a very important thing — what’s good for national security — I would certainly intervene if I thought it was necessary,” Mr. Trump said.

    Of course, now that cyberwarfare is the strawman to escalate any diplomatic feud, from the first revelation that the Marriott chain’s computer systems had been breached, there was widespread suspicion in both Washington and among cybersecurity firms that the hack was not a matter of commercial espionage, but part of a much broader spy campaign to amass Americans’ personal data; one in which Chinese crack hacker inexplicably left “fingerprints” confirming they were behind the attack.

    Meanwhile, since the Marriott database contained not only credit card information but passport data, that particular intrusion would allegedly have given China access to confidential data belonging to hundreds of millions of Americans.  Specifically, according to the NYT, Chinese spies stole passport numbers for up to 327 million people — many of whom stayed at Sheraton Hotels, Westin and W Hotels and other Starwood brands. But Marriott has not said if it would pay to replace those passports, an undertaking that would cost tens of billions of dollars.

    Lisa Monaco, the former White House homeland security adviser, noted at a conference last week that passport information would be particularly valuable in tracking who is crossing borders, what they look like, and other key data.

    Why would China need this data?

    James Lewis, a cybersecurity expert at the Center for Strategic Studies in Washington, said the Chinese have collected “huge pots of data” to feed a Ministry of State Security database seeking to identify American spies — and the Chinese people talking to them. “Big data is the new wave for counterintelligence,” Mr. Lewis said.

    “It’s Big Data hoovering,” said Dmitri Alperovitch, the chief technology officer at CrowdStrike, who first highlighted Chinese hacking as a threat researcher in 2011 and who was also instrumental in launching the witch hunt targeting Russians in the summer of 2016, accusing them of hacking the DNC server which has yet to be investigated by the FBI. “This data is all going back to a data lake that can be used for counterintelligence, recruiting new assets, anti-corruption campaigns or future targeting of individuals or organizations.”

    The effort to amass Americans’ personal information so alarmed government officials that in 2016 the Obama administration threatened to block a $14 billion bid by China’s Anbang Insurance Group to acquire Starwood Hotel & Resorts Worldwide, according to one former official familiar with the work of the Committee on Foreign Investments in the United States, a secretive government body that reviews foreign acquisitions. Eventually, the failed bid cleared the way for Marriott Hotels to acquire Starwood for $13.6 billion later that year, becoming the world’s largest hotel chain.

    As it turned out, it was too late: Starwood’s data had already been stolen by Chinese state hackers, though the breach was not discovered until this past summer, and disclosed by Marriott on Nov. 30.

    Ironically, while it is unclear that any kind of trade agreement reached with China by the Trump administration can address this kind of theft, the Chinese regard intrusions into hotel chain databases as a standard kind of espionage. So does the United States, which has often seized guest data from foreign hotels.

    Separately, since 2012, analysts at the National Security Agency and its British counterpart, the G.C.H.Q., have watched with growing alarm as sophisticated Chinese hackers, based in the Chinese city of Tianjin, began switching targets from companies and government agencies in the defense, energy and aerospace sectors, to organizations that housed troves of Americans’ personal information.

    At the time, one classified National Security Agency report noted that the hackers’ “exact affiliation with Chinese government entities is not known, but their activities indicate a probable intelligence requirement feed” from China’s Ministry of State Security, the country’s Communist-controlled civilian spy agency.

    Of course, this is the same NSA which as Edward Snowden revealed several years ago, was just as busy spying on foreign targets as it was on America’s own citizens.

  • Catastrophic Power Outage Poses "Profound Threat" To US, New Government Report Finds

    Authored by Mac Slavo via SHTFplan.com,

    The United States is not prepared for a catastrophic power outage, according to an alarming new report from the President’s National Infrastructure Advisory Council (NIAC).

    The report, titled Surviving a Catastrophic Power Outage, explains the findings of the council, which is tasked with examining the nation’s “ability to respond to and recover from a catastrophic power outage of a magnitude beyond modern experience, exceeding prior events in severity, scale, duration, and consequence. Simply put, how can the nation best prepare for and recover from a catastrophic power outage, regardless of the cause?”

    It begins with a grim statement in the Executive Summary:

    After interviews with dozens of senior leaders and experts and an extensive review of studies and statutes, we found that existing national plans, response resources, and coordination strategies would be outmatched by a catastrophic power outage. This profound risk requires a new national focus.

    The NIAC defines a catastrophic power outage as:

    • Events beyond modern experience that exhaust or exceed mutual aid capabilities

    • Likely to be no-notice or limited-notice events that could be complicated by a cyber-physical attack

    • Long duration, lasting several weeks to months due to physical infrastructure damage

    • Affects a broad geographic area, covering multiple states or regions and affecting tens of millions of people

    • Causes severe cascading impacts that force critical sectors—drinking water and wastewater systems, communications, transportation, healthcare, and financial services—to operate in a degraded state

    Actions that all levels of government need to take to prepare are discussed in the report, as summarized in this chart:

    Here’s more from the 94-page report (emphasis ours):

    The NIAC was challenged to think beyond even our most severe power disruptions, imagining an outage that stretches beyond days and weeks to months or years, and affects large swaths of the country. Unlike severe weather disasters, a catastrophic power outage may occur with little or no notice and result from myriad types of scenarios: for example, a sophisticated cyber-physical attack resulting in severe physical infrastructure damage; attacks timed to follow and exacerbate a major natural disaster; a large-scale wildfire, earthquake, or geomagnetic event; or a series of attacks or events over a short period of time that compound to create significant physical damage to our nation’s infrastructure. An event of this severity may also be an act of war, requiring a simultaneous military response that further draws upon limited resources. For the purpose of this study, the NIAC focused not on the cause, but rather on the consequences, which are best categorized as severe, widespread, and long-lasting.

    While most of the report’s focus is on actions that government agencies need to take, the report (on page 14) does mention preparedness for individuals as well:

    People no longer keep enough essentials within their homes, reducing their ability to sustain themselves during an extended, prolonged outage. We need to improve individual preparedness.

    Most preparedness campaigns call for citizens to be prepared for 72 hours in an emergency, but the new emerging standard is 14 days.

    For example, Washington, Oregon, and Hawaii have a standard that individuals have enough food and water to support themselves for 14 days. These efforts could serve as a model for federal and state preparedness resources, campaigns, and training.

    The idea of individual preparedness is not a new concept. Civil defense, an older term used to elevate a level of individual preparedness and activate communities, used to be be more widely accepted.

    FEMA offers a number of tools, resources, and guidance on emergency preparedness, including recent efforts focused on better financial preparedness for disasters, and working with interagency partners on activity books and courses to educate students on emergency preparedness.

    The NIAC is not the only group that has recently issued a report that contains dire warnings for the US. Just two weeks ago, the U.S. Air Force Electromagnetic Defense Task Force (EDTF) published a report that claims “electromagnetic pulse (EMP) and other electromagnetic threats pose an unprecedented threat to U.S. military power and national survival.”

    The EDTF report examined threats from across the electromagnetic spectrum, including nuclear and non-nuclear EMP, geomagnetic disturbance (GMD), lasers and optics, directed energy (DE), and high-power microwaves (HPM), along with management of these threats.

    Dr. Peter Pry (who served as chief of staff of the Congressional EMP Commission, on the staff of the House Armed Services Committee and at the CIA) highlighted some of the report’s findings in an article for The Daily Caller:

    • Protracted blackout of the electric grid could cause U.S. nuclear reactors to “go Fukushima” and contaminate vast regions with radioactivity, crippling U.S. capabilities to mobilize and project military power and threatening the lives of the American people.

    • U.S. military bases depend upon the civilian power grid and would be paralyzed by a protracted blackout.

    • Communications, transportation, food and water that sustain both the U.S. military and the civilian population are all at risk to electromagnetic threats.

    • “Based on the totality of available data, the Task Force contends the second- and third-order effects of an EMS [Electro-Magnetic Spectrum] attack may be a threat to the United States, democracy, and the world order.”

    Both reports should provide an incentive to prepare for a grid-down event, if you haven’t adequately prepped already.

    There are a few (totally insane) things you can expect during a grid failure.

    If you are looking for a simple guide for beginners or for more advanced preppers to help you prepare for the possibility of a power grid failure, try reading The Prepper’s Blueprint. Written by Tess Pennington, the book expertly lays out effective ways everyone can begin to prepare for any apocalyptic situation.

    “If we have learned one thing studying the history of disasters, it is this: those who are prepared have a better chance at survival than those who are not.” -The Prepper’s Blueprint

  • Canadian Personal Bankruptcies Are Surging At Breakneck Speeds

    The shock of rising interest rates isn’t just affecting the macro picture and grinding the US economy to a halt, but it is also having profound effects globally. In Canada, personal bankruptcies are on the rise as household debt lingers at, or above, all time highs and interest rates force the cost of servicing this debt even higher.

    According to data from the Office of the Superintendent of Bankruptcy Canada, insolvencies climbed to 11,641 in October, a 9.2% rise compared to the year prior. Even more alarming, month over month this rise was up a staggering and somewhat inexplicable 16%, as if something “broke”, pardon the pun, in October.

    Bankruptcies increased 1.2% year-over-year and an astounding 13.5% on a month over month basis. Bankruptcy proposals increased 15.8% year-over-year and an even more dramatic 18.6% sequential increase.

    These year-over-year numbers are alarming but the sequential rate at which these proposals and bankruptcies are rising make it clear that even the smallest uptick in interest rates is having an immediate and dire effect. 

    In Canada, annual increases were the highest in British Columbia and Prince Edward Island but there were also double digit gains in provinces like New Brunswick.

    Rates in Canada are only still at 1.75% and the Bank of Canada said as recently as last Thursday that they are targeting a neutral rate “somewhere around 2.5% and 3.5%” – a tightening process which is certain to keep the insolvency and bankruptcy trend accelerating. 

    Chantal Gingras, chair of the Canadian Association of Insolvency and Restructuring Professionals recently stated: “High consumer debt levels and rising interest rates have been a growing concern over the last few years and we are now starting to see this reflected in the number of insolvent Canadians filing bankruptcies or proposals.”

    “Canada is in serious trouble”, we wrote back in April 2018, when we pointed out that the country’s over-reliance on its frothy, bubbly housing sector and the fact that the average Canadian household had failed to reduce its debt load would eventually come back to bite.

    We look forward to the country continuing to prove us right. 

  • Three Clinton Foundation Whistleblowers To Testify About Tax Crimes, Pay-For-Play

    Following allegations of sloppy accounting, potential tax fraud and pay-to-play, the Clinton Foundation will be under a Congressional microscope this week after three whistleblowers have come forward and agreed to testify – one of whom secretly submitted 6,000 pages of documents to the IRS and FBI in August of 2017, and all three of whom have submitted various documents to Congressional investigators. 

    Rep. Mark Meadows (R-NC), Chairman of the House Freedom Caucus, told Fox News‘s Martha MacCallum on Monday night that there are three whistleblowers who have spent the past two years investigating the Clinton Foundation, and have “explosive” allegations which they will share during Thursday testimony on Capitol Hill. 

    MACCALLUM: OK. With regard to the investigation, which doesn’t get a lot of attention, into the Clinton foundation, the DOJ designated John Huber to look into this. They have 6,000 pages of evidence that they’ve gone through. The foundation raised $2.5 billion, and they’re looking into potential improprieties.

    What’s next on this investigation?

    MEADOWS: Well, I think for the American people, they want to bring some closure, not just a few sound bites, here or there, so we’re going to be having a hearing this week, not only covering over some of those 6,000 pages that you’re talking about, but hearing directly from three whistleblowers that have actually spent the majority of the last two years investigating this.

    Some of the allegations they make are quite explosive, Martha. And as – we just look at the contributions. Now everybody’s focused on the contributions for the Clinton Foundation and what has happened just in the last year. But if you look at it, it had a very strong rise, the minute she was selected as secretary of state. It dipped down when she was no longer there.

    And then rose again, when she decided to run for president. So there’s all kinds of allegations of pay-to-play and that kind of thing.

    As we noted in late November, the Clinton Foundation has seen donations plummet approximately 90% over a three-year period between 2014 and 2017

    While Hillary Clinton was Obama’s Secretary of State, however, the State Department authorized $151 billion in Pentagon-brokered deals to 16 countries that donated to the Clinton Foundation – a 145% increase in completed sales to those nations over the same time frame during the Bush administration, according to IBTimes

    Meanwhile, John Solomon of The Hill reported on Tuesday that one whistleblower who submitted 6,000 pages of evidence through a firm composed of former federal law enforcement investigators, MDA Analytics LLC., has provided evidence of potential tax crimes as well as a “culture of noncompliance.”  

    That submission made with the IRS, and eventually provided to the Justice Department in Washington and to the FBI in Little Rock, Arkansas, alleges there is “probable cause” to believe the Clinton Foundation broke federal tax law and possibly owes millions of dollars in tax penalties. That submission and its supporting evidence will be one focus of a GOP-led congressional hearing Thursday in the House.

    The foundation strongly denies any wrongdoing. But it acknowledges its own internal legal reviews in 2008 and 2011 cited employee concerns ranging from quid pro quo promises to donors, to improper commingling of personal and charity business. –The Hill

    In some instances the Clinton Foundation appears to have misled the IRS, or lied when filling out forms. For example, the Foundation retracted a bid to conduct fundraising in Utah after they refused to correct a filing error which state officials would not allow. 

    When contacted for comments, the Clinton Foundation admitted their errors, but told Solomon they were akin to “minor traffic violations.” 

  • Behold Chaos: Two Months Of Market Headlines

    Feel like you are losing grip of a market which appears to be entirely under the control of headline-scanning algos and CTAs? You are probably not alone. Below we have pulled a little over two months of Bloomberg summary headlines from the Bloomberg Macro Squawk Wrap starting with October 2, just before Chair Powell’s speech declaring that the neutral rate is “a long way off” and continuing through today.

    So for those who feel nostalgic and want to relive the past 10 weeks, feel free to count the various verbs – such as wither, snap, fall, bounce, drop, gain, sag, fluctuate, surge, rally, falter, hammer, waffle, sputter, trample, and so on, describing the daily market action since the start of October in the below summary headlines.

    • 12/11 Stocks Wither, Trump Threatens Govt Shutdown: Macro Squawk Wrap
    • 12/10 Stocks Snap Back as Tech Gains; Pound Slumps: Macro Squawk Wrap
    • 12/07 Stocks Fade Despite Kudlow as Outlook Sours: Macro Squawk Wrap
    • 12/06 Stock Selloff Accelerates, OPEC Zaps Crude: Macro Squawk Wrap
    • 12/03 Risk Rallies on Trade Truce, Pitfalls Remain: Macro Squawk Wrap
    • 11/21 A Thanksgiving Breather for Stocks and Crude: Macro Squawk Wrap
    • 11/20 Oil Slump and Trade Tensions Weigh on Stocks: Macro Squawk Wrap
    • 11/19 Stocks Sag on Trade After Pence China Speech: Macro Squawk Wrap
    • 11/16 Stocks Fluctuate, Trump Cools China Tensions: Macro Squawk Wrap
    • 11/15 Stocks Flip, Lighthizer Says Levies on Hold: Macro Squawk Wrap
    • 11/14 Stocks Mixed, May Gets Backing on Brexit Plan: Macro Squawk Wrap
    • 11/13 Stocks Fall, Kudlow Talks Up China Trade: Macro Squawk Wrap
    • 11/12 Stocks Drop, USD Gains as Oil Rally Fades: Macro Squawk Wrap
    • 11/09 Havens Gain, China Says Global Growth Waning: Macro Squawk Wrap
    • 11/08 Stocks Waffle, Markets Reverse Midterm Boost: Macro Squawk Wrap
    • 11/07 Stocks Surge After Elections, FOMC Up Next: Macro Squawk Wrap
    • 11/06 Stocks Climb, Markets Tiptoe Into Elections: Macro Squawk Wrap
    • 11/05 Stocks Mixed, Risk Shunned Ahead of Elections: Macro Squawk Wrap
    • 11/02 Markets Whipsaw With China Trade Deal Hopes: Macro Squawk Wrap
    • 11/01 Stocks and EM Surge on Trump Tweet, USD Falls: Macro Squawk Wrap
    • 10/31 Stocks Surge, Fitch Trounces Mexico’s Peso: Macro Squawk Wrap
    • 10/30 Equity Rally Falters, USD Gains as GBP Fades: Macro Squawk Wrap
    • 10/29 Equity Rally Fades Amid Tariff Talk, EM Lower: Macro Squawk Wrap
    • 10/26 S&P 500 Bounces; Unscheduled Meeting in Japan: Macro Squawk Wrap
    • 10/24 Stocks Hammered; Dollar Breakout, Bonds Gain: Macro Squawk Wrap
    • 10/23 Stocks Drop, CAT Hit as Tariffs Impact Felt: Macro Squawk Wrap
    • 10/22 Stocks Waffle, China Tax Plan Stimulus Fades: Macro Squawk Wrap
    • 10/19 Stocks Mixed, U.K. Drops Key Brexit Demand: Macro Squawk Wrap
    • 10/18 Stocks Sputter; Trump Warns on Mexico Border: Macro Squawk Wrap
    • 10/17 Stocks Waffle, Fed Debated Rates Past Neutral: Macro Squawk Wrap
    • 10/16 Earnings Fuel Equity Gains, EM Assets Rally: Macro Squawk Wrap
    • 10/12 Stock Rally Fades, Treasuries and Dollar Gain: Macro Squawk Wrap
    • 10/11 Stocks Drop in Late-Session Tumble, USD Falls: Macro Squawk Wrap
    • 10/10 Stocks Trampled, China Ups Trade War Ante: Macro Squawk Wrap
    • 10/09 Tech Stocks Waffle, GBP Gains on Brexit Hopes: Macro Squawk Wrap
    • 10/08 Treasury Concerned About China’s Currency: Macro Squawk Wrap
    • 10/04 Stocks, EM Drop as China Hack Weighs on Trade: Macro Squawk Wrap
    • 10/02 Stocks Mixed, Metals Surge While Italy Weighs: Macro Squawk Wrap

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Today’s News 11th December 2018

  • Soros Mimics Hitler's Bankers: Will Burden Europeans With Debt To 'Save' Them

    Via GEFIRA,

    After the Second World War, many economists racked their brains to answer the question of how Hitler managed to finance his armament, boost the economy and reduce unemployment.

    Today his trick is well known. The economic miracle of Führer’s time became possible thanks to the so-called Mefo promissory notes.

    The notes were the idea of the then President of the Reichsbank, Hjalmar Schacht, and served not only to finance the armament of the Wehrmacht for the Second World War, but also to create state jobs, which would otherwise not have been possible through the normal use of the money and capital markets, i.e. the annual increase in savings in Germany.

    The Reich thus financed the armaments industry by accepting notes issued by the dummy company Metallurgische Forschungsgesellschaft GmbH (hence the name Mefo) rather than paying them in cash. The creation of money was in full swing from 1934 to 1938 – the total amount of notes issued at that time was 12 billion marks. The Reichsbank declared to the German banks that it was prepared to rediscount the Mefo notes, thus enabling the banks to discount them.

    Because of their five-year term, the redemption of notes had to begin in 1939 at the latest. This threatened with enormous inflation. Since Schacht saw this as a threat to the Reichsmark, he expressed his doubts about the Reich Minister of Finance. But it did not help, and Schacht was quickly replaced by Economics Minister Walther Funk, who declared that the Reich would not redeem the Mefo notes, but would give Reich bonds to the Reichsbank in exchange. At the time of Funk, the autonomous Reichsbank statute was abolished, the Reichsbank was nationalized, and inflation exploded in such a way that Mefo notes with a circulation of 60 billion Reichsmark burdened the budget in post-war Germany.

    George Soros also proposes such a money flurry in the style of Schacht and Funk.

    Soros is dissatisfied with the current EU refugee policy because it is still based on quotas. He calls on the EU heads of state and governments to effectively deal with the migrant crisis through money flooding, which he calls “surge funding”

    “This would help to keep the influx of refugees at a level that Europe can absorb.” 

    Can absorb? Soros would be satisfied with the reception of 300,000 to 500,000 migrants per year. However, he is aware that the costs of his ethnic exchange plan are not financially feasible. In addition to the already enormous costs caused by migrants already in Europe, such a large number of new arrivals would add billions each year.

    Soros calculates it at 30 billion euros a year, but argues that it would be worth it because “there is a real threat that the refugee crisis could cause the collapse of Europe’s Schengen system of open internal borders among twenty-six European states,” which would cost the EU between 47 and 100 billion euros in GDP losses.

    Soros thus sees the financing of migrants and also of non-European countries that primarily receive migrants (which he also advocates) as a win-win relationship. He calls for the introduction of a new tax for the refugee crisis in the member states, including a financial transaction tax, an increase in VAT and the establishment of refugee funds. Soros knows, however, that such measures would not be accepted in the EU countries, so he proposes a different solution, which does not require a vote in the sovereign countries.

    The new EU debt should be made by the EU taking advantage of its largely unused AAA credit status and issuing long-term bonds, which would boost the European economy. The funds could come from the European Stability Mechanism and the EU balance of payments support institution.

     “Both also have very similar institutional structures, and they are both backed entirely by the EU budget—and therefore do not require national guarantees or national parliamentary approval.“

    In this way, the ESM and the BoPA (Balance of Payments Assistance Facility) would become the new Mefo’s that could issue bills of exchange, perhaps even cheques for Turks, Soros NGOs. Soros calculates that both institutions have a credit capacity of 60 billion, which should only increase as Portugal, Ireland and Greece repay each year the loans they received during the euro crisis. According to Soros, the old debts should be used to finance the new ones in such a way that it officially does not burden the budget in any of the EU Member States. The financial institutions that are to carry out this debt fraud must extend (indeed – cancel) their status, as the leader of the refugees expressed such a wish in his speech.

    That Soros is striving to replace the indigenous European population with new arrivals from Africa and Asia is clear to anyone who observes its activities in Europe. The question is: what does he want to do this for and who is the real ruler, behind him, the real leader?

  • Russia Deploys Nuclear-Capable Tu-160 Bombers To Venezuela

    Previously US defense officials warned that Russia was preparing to deploy nuclear-capable Tu-160 Blackjack bombers to Venezuela this week in continuation of scheduled training, but which Pentagon leaders see as a provocation, given both countries are under sanction and seen as “rogue” states. This comes as President Nicolas Maduro, who is overseeing one of Venezuela’s worst political and economic crisis in decades, has been increasingly reliant of Russia for aid, and after he visited Moscow last week and signed an estimated $6 billion deal with Putin, promising investment in the oil and mining sectors, with military modernization aid to boot

    Russian Tu-160 strategic bomber

    The US defense officials had conveyed details of the planned flight to The Washington Free Beacon, which is the seventh such training flight to take place internationally involving Blackjack bombers in only the past three months. And on Monday Russia’s Sputnik News confirmed the training flights have been initiated, noting that two Russian Tu-160 strategic bombers, escorted by an An-124 heavy-lift military transport aircraft and an IL-62 plane have landed at the Simon Bolivar International Airport in capital Caracas, according to Russian Defense Ministry (MoD) statements. 

    During part of the flight, Norway’s Air Force scrambled F-16 fighter jets to shadow the Russian long range bombers, according to the MoD:

    At certain stages of the flight, the Tu-160 bombers were followed by F-16 fighter aircraft of the Norwegian Air Force while the flight was carried out in strict accordance with the international rules on the use of airspace. 

    The Russian MoD described the flight path of the nuclear-capable bombers as over the Atlantic Ocean, the Barents Sea, the Sea of Norway and the Caribbean Sea, at a total single take-off distance of over 10,000 kilometers (about 6,213 miles).

    This is the second incident in two months involving Russian bombers being shadowed by foreign jets, as in late October British and Norwegian fighters monitored Tu-160s as they flew over the Barents Sea. Russian military officials have recently noted that “Russia’s long-range aircraft make regular flights over the international waters” and defended the right to continue doing so, according to TASS.

    Just before Monday’s flights US defense officials described the series of training exercises as focusing on routine aerial maneuvers like long-range refueling; however, they described further the training includes landing in Venezuela as a “provocative” and “unusual” action which is “clearly aimed at us” following other flights over the past months.

    Nicolas Maduro and Vladimir Putin in Moscow last Thursday, via Kremlin.ru

    Currently tensions between Moscow and Washington are at their highest in months following US plans to pull out of the 1987 Intermediate-range Nuclear Forces Treaty, citing alleged Russian violations of the accord. US officials have interpreted the uptick in Russian bomber flights as a “show of force” response to American threats over the INF.

    Last March Russian Deputy Defense Minister Yury Borisov announced plans for major upgrades to the Tu-160, which carries nuclear-tipped KH-55 cruise missiles among others. He said at the time: “We are going to… carry out deep modernization of the planes [that are currently] in service when only the fuselage would remain while all the avionics equipment and engines would be replaced.”

    Borisov further touted plans for significantly increased range in missile delivery as well: “One cannot even compare the Tu-160 aircraft equipped with the X-55, X-555, and X-101 missiles and a plane that we are hoping to get by 2030 equipped with new air-delivered ordnance that would have completely different effective distance,” he said at the time.

    During last week’s trip to Moscow, Maduro had called Russia a “brother country” with which Venezuela had “raised the flag for the creation of a multipolar and multicentric world.”

    Despite Russia offering to throw cash-strapped Venezuela a multi-billion dollar life-line, the Latin American country has routinely been unable to repay its debts.

  • What Didn't Happen At G20 Is Far More Important Than What Did

    Authored by Alastair Crooke via The Strategic Culture Foundation,

    Sometimes what doesn’t occur tells us much more than what did – as in Sherlock Holmes’ case of the dog that did not bark in the night. Yes, two things did not occur at the G20, at the end of last week: Why? And what do they signify?

    What these two lacunae tell us is something important: that Mr Trump’s presidency has reached a key point of inflection – the end of the beginning, or perhaps even the beginning of the end?

    First, there was ‘no deal’ with China. As Christopher Balding, former associate professor of business and economics at the HSBC Business School in China, frankly put it:

    “It cannot be emphasized enough: This is not a deal, and it is not a resolution. This is an agreement to delay further escalation. Neither side really gave anything, except some cotton candy sweeteners. Nothing fundamental”.

    Most of the subsequent media commentary has focussed on the prospects of a return to the Cold War trenches at the end of ninety days (a deadline which incidentally China has yet to confirm) or, even sooner, as Trump returns to Twitter belligerency. But the real question is not what happens towards the end of the first quarter 2019, but why was there ‘no deal’ on Saturday? 

    Trump has been promising ‘big’: “I am a tariff man”, he proclaims in a tweet, adding: “Make America Rich Again”. And, the Administration keeps repeating that the US economy is strong, whilst the Chinese one is weak: ‘We have all the leverage’, the Administration outs at regular intervals. We can ‘tariff’ double the goods, and double the tariffs too, Trump warns, whilst the US exercises its military muscle, regularly, right into Xi’s face.

    And then? Come G20, ‘nothing’. Trump stalks the edges of G20 looking tense and defensive. He was no alpha-male, dominating these events. He looked crocked. It was all a bit of a dud, really.

    Recall however, that the G20 followed immediately in the wake of the ‘guilty plea’ to Robert Mueller, for lying to Congress, by Trump’s former lawyer and fixer, Michael Cohen. This, as Harvard Law Professor Dershowitz notes, is evidence of Mueller again creating new crimes (through entrapment), in place of investigating the possibility of past crimes – yet Mueller, clearly is still ‘after’ Trump: And maybe, he will not prove any crime (collusion, were it to have occurred, is no crime anyway) – but that is not the point. Mueller is cornering Trump politically, as opposed to legally, through painting him as sleazy, and surrounded by liars and scoundrels. Mueller is targeting Trump’s vanity: shredding Trump’s self-image as somehow a heroic figure set on restoring the greatness of America: Making America Rich Again. Mueller is slowly paralysing the President’s potency, whilst making him appear a mere empty vessel.

    Former US diplomat, James Jatras thus hints at the answer to ‘why no deal’:

    “With the Democrats set to take over in the House of Representatives in just over a month, we’ll soon see intensified investigations coordinated with Mueller to find any possible pretext for impeachment in Trump’s business or private life. It’s conventional wisdom that even if the Democrat-controlled House can find something to support articles of impeachment, the GOP-held Senate will be Trump’s firewall. Bunk. Democrats rallied around their president Bill Clinton but it was Republicans who threw Richard Nixon to the wolves. Are there a dozen or so Republican Senators who would be ready to dump Trump and install Mike Pence in the Oval Office? You betcha. Start with Mitt Romney.”

    And what might, in Trump’s view, stand between him and the unbearable indignity – and blow to his ego – of being ‘dumped’ by his party, and being further humiliated by being hounded from office? Well, what wouldn’t is a collapsing market, and an US economy stalling into approaching recession. That, in itself, could possibly deliver the President precisely into the hands of those Republican Senators who despise him, and who would side with the Democrats in a heartbeat, if they thought they could get away with dumping the President – just as Jatras suggests.

    The US market was already sinking into the doldrums in the week before the G20. The trade-war fear, initially discounted, has begun gripping market sentiment. And tell-tale harbingers (though not definitive) of a recessional economy are being espied (such as the inversion of part of the Treasury yield curve, and the oil futures curve having been in contango. Both are considered as signals of a global economy that may be slowing).

    The point here is simply that Trump has, very explicitly, hitched his presidential fortunes to a rising stock market and a roaring economy. So, if it might stop the market from puncturing his business-savvy image, why not a offer a trade-war respite with China? Why not give the markets a pre-Christmas goosing?

    Then there was the other notable G20 omission: another dog that significantly failed to bark. The Presidents of two pre-eminent military and nuclear powers, who sit astride major geo-political faultlines, and who need to talk, circled each other, closed-faced, and without stretching out hands – they could not find even, the subterfuge for sitting together.

    Why? Ostensibly, because a tug-boat and a couple of Ukrainian armed coastal vessels were told to enter the Azoz ‘Sea’, whilst ignoring the required norms of obtaining prior permission. Really? For that? How bizarre. Trump no longer can pull Mr Putin aside, send away his aides, to sit and talk? Even more interesting, was that the Kremlin spokesman subsequently said that there ‘had been exchanges’ with Washington, and that John Bolton would be coming to Moscow, to discuss a possible future meeting between Trump and Putin. And that couldn’t have been done face-to-face in Buenos Aires because of an arrested tugboat? And that such meeting now requires Bolton’s prior imprimatur and involvement?

    All in all, President Trump emerges from this summit, a pussy-cat. Big on talk, short on action: Short on action domestically; short on action in cleaning the swamp; and short on action generally. Jatras concludes, more in sorrow than in anger, “it would be only a small exaggeration to say that with respect to foreign and security policy, Trump is now a mere figurehead of the permanent state. Even if Trump and Putin do happen to meet again, what can the latter expect the former to say that would make any difference?”.

    Why? We can only speculate: Simply, it may be that he fears that the markets and economy are turning against him. Perhaps Trump fears a Republican ‘Brutus’ will smell his weakness (stripped of his market-raising ‘magic’), and plunge the dagger in his back?

    In his book, Principles for Navigating Big Debt Crises, Ray Dalio of Bridgewater Associates distinguishes between different debt cycles: the short-term cycles, and debt ‘super-cycles’. Short-term debt cycles move more or less in parallel with the underlying economic cycles, and last on average 7-8 years – in line with the average length of economic cycles. Debt ‘super-cycles’ typically last 50-75 years, and have a long history. Dalio notes their mention in the Old Testament, which described the need to wipe out debt every 50 years or so, whence it was known as the ‘Year of Jubilee’.

    “Debt super-cycles always end with a big bang”, Nils Jensen writes: “The previous debt super-cycle ended with the breakout of World War II, and a new debt super-cycle commenced its life when the canons fell silent in 1945. We are now almost 75 years into the current super-cycle; i.e. it will go down in history as one of the longer ones”.

    It is Trump’s misfortune that his Presidency seems to be coinciding with the end to not just ‘any’ super-cycle, but to a turbo-charged, global debt super-cycle, fuelled by radical interest rate suppression, and massive credit creation (which may explain its ‘longevity’). ‘Doubly unfortunate’, perhaps, because at the same time – for related reasons – the US simply is running out of fiscal ‘space’. The Treasury has a big (a repeating, dollar, Trillion-plus) borrowing requirement, in this and coming years, and foreigners are no longer buying US debt. In short, for the first time in seventy years, the Reserve Currency holder is finding it hard to finance itself – and in the current atmosphere of Washington polarisation – the US cannot reform itself, either. It is stuck.

    This represents the primordial paradox that is binding the US President: Politically he needs a rising market and a roaring economy, but the ‘Oracles’ are mouthing that the Goldilocks market already may be behind him. He wants the Fed to lift the market aloft, but the Fed is more concerned to prepare for the next phase to the economic cycle. For that, it needs the elbow-room to be able to drop interest rates by 4%, which of course is impossible now. And the Fed needs a leaner balance sheet – in case of needing to charge to the rescue of the economy.

    So here is the tension that ‘binds’ Trump: He can act politically, and risk a deeper end-of-cycle ‘big bang’; or act sagely, to limit the potential consequences of a possible debt crisis. But, acting ‘sagely’ also implies understanding that America’s fiscal situation of having to sell a mountain of US debt paper, on a market bereft of foreign buyers is likely to lead interest rates up – and stock prices down (as institutions sell shares to buy the higher yielding USTs). In short,politically he wants shares up and interest rates down, but America’s present fiscal situation is likely to impose the inverse – and therefore expose him to the potential ‘Brutus’ lurking in the Senate corridors.

    Which will he choose? Well, we can see it already: Trump is desperate to keep the equity market up. His own security is tied to it: He is bullying Jerome Powell to halt the projected Fed interest rate interest rate hikes; and he wants the price of oil down – so that Powell has no excuse (of rising inflation), to hike rates further. So anxious was Trump, it seems, that he was ready to issue several oil waivers in respect to purchasers of Iranian oil. His 25 November tweet makes the link between low oil prices and his expectation that the Fed should forego hikes, quite explicit:

    So great that oil prices are falling (thank you President T). Add that, which is like a big Tax Cut, to our other good Economic news. Inflation down (are you listening Fed)!

    What does all this mean? It means that Trump, whose entire business acculturation favours debt – more debt and low or zero-based interest rates – will hope to get his way – and he may partially. The signs are that the Fed will raise rates this month, but may slow the pace of rises next year. (At least, this is what the shape of the futures curves would imply).

    But the auguries are adverse:

    World trade is slowing;

    China is slowing;

    Japan is slowing;

    Germany and Europe are slowing ; and

    the first shoots, hinting that the US has peaked in 2Q18, are poking through the soil.

    Trump may end with neither a roaring stock market – nor, more ominously, a bond market, painlessly digesting the Trillions of US debt.

    In terms of foreign policy, the Hawks run it: Pence, Navarro and Lighthizer will pursue their ‘all-government’ cold war with China, but who knows what will be the state of the US market in 90 days.

    I would not bet on those additional tariffs and 25% rates emerging in April. Xi has played it perfectly: Sun Tzu would be proud.

    And Mr Bolton will continue to press Russia at all points of its border; to disrupt it economically, through a regular diet of sanctions; trouble-raising in Ukraine, and trying to diss Russia’s political process in Syria (the Astana Process).

  • How Many People Want To Have Sex With A Robot? The Numbers Are In…

    Social psychologist and prominent “sexpert” author, Dr. Justin J. Lehmiller, a Research Fellow at Indiana University’s The Kinsey Institute, has actually compiled the data. He posed the question as part of his research:

    I’ve seen a lot of articles lately about sex robots and how they’re supposedly going to revolutionize our sex lives. A lot of these articles make the assumption that there’s a lot of demand and desire for sex robots, but is that really the case?

    His inquiry sought to find out: How many people are into the idea of getting it on with a bot anyway? And also, are robots likely to replace a lot of human-on-human sex?

    Lehmiller wrote: “I collected data from more than 4,000 Americans about their sexual fantasies for my book Tell Me What You Want, and the results can speak to these questions.”

    Dr. Lehmiller documented, among other things, whether participants ever fantasized about sex with a robot, especially in a time when the world’s first “sex doll brothels” are popping up in cities across the globe. Stories about the latest trends from the robot sex doll industry have proven sensationally popular, often going viral, including increasing reports of brothels being shut down soon after they open.

    Despite the media popularity and hype over the bizarre trend which took off in 2018, Dr. Lehmiller found that only 14.3% of the 4,000 men and women surveyed had fantasized about sex with a robot. The numbers varied by gender. 

    Here’s what he found out, per the report:

    • Just 10.7% of women reported having had a fantasy about sex with a robot
    • Males were more likely to fantasize about sex with a robot, at 17% (anyone surprised?)
    • 22.8% of people who identified as “non-binary” gender (about 5% of the sample) were most likely to fantasize about this
    • Dr. Lehmiller concluded that “the vast majority of people who had robot fantasies had them infrequently, which suggests that they’re not necessarily big on the idea.”
    • In terms of frequency, a mere 1.2% of women, 1.4% of men, and 4.3% identifying as non-binary fantasize “often” about sex with robots.
    • Indeed, just 1.2% of women, 1.4% of men, and 4.3% of non-binary folks said they fantasize about sex with robots often. This constitutes “a pretty small group” showing “a strong interest” in robot sex

    Ultimately, the data suggests that about 1 in 7 people have thought about having sex with a robot at least once in their lives. Dr. Lehmiller connected the results with the desire for most people to meet emotional needs through sex. 

    So despite the titillating media buzz, it’s unlikely that the sex robot industry will take off anytime soon, as people’s interest appears to stop only at checking out the lurid headlines.

    Dr. Lehmiller’s report noted:

    In other words, our fantasies usually aren’t just about some mechanical sex act—and mechanical sex is literally what robots provide. Of course, it may be possible for robots to offer some emotional connection with the right programming and appearance. To the extent that robots can eventually be created where you can have what feels like a human interaction (you know, like the robots in Westworld and Ex Machina), people may start to warm up to the idea.

    He concludes that “the sex robot revolution we’ve been hearing so much about may be a bit overhyped.” 

    It could also be due to the rising number of reports noting poor sanitation and failure to “properly clean” the silicone seductresses for repeat masturbatory purposes. We can’t imagine too many people’s fantasies incorporating that deeply unpleasant little detail. 

  • Newly-Released MKUltra Docs: The CIA Made Remote-Controlled Dogs With Brain Surgery

    Authored by Mac Slavo via SHTFplan.com,

    The Central Intelligence Agency made six remote-controlled dogs as a part of their MKULTRA “behavior modification” or mind control program.  Using brain surgery, newly requested documents show that the dogs were “field operational” and controlled by human beings.

    The CIA marked the 65th anniversary of the launch of Project MKULTRA. And the public is finally getting a more broad and detailed look at just how far those attempting these gruesome experiments were willing to go in order to gain control of our thoughts.

    The documents were provided under the Freedom of Information Act (FOIA) by  The Black Vault founder, John Greenewald. According to a report by Newsweek, The Black Vault specializes in declassified government records. In one declassified letter (released as file C00021825) a redacted individual writes to a doctor (whose name has also been redacted) with advice about launching a laboratory for experiments in animal mind control. The writer of the letter is already an expert in the field, whose earlier work had culminated with the creation of six remote control dogs, which could be made to run, turn, and stop.

    “As you know, I spent about three years working in the research area of rewarding electrical stimulation of the brain,” the individual writes.

    In the laboratory, we performed a number of experiments with rats; in the open field, we employed dogs of several breeds.

    As if their mind control experiments on humans were not disturbing enough, the CIA also admits that the goal was to control the behavior of a dog.

    “The specific aim of the research program was to examine the possibility of controlling the behavior of a dog, in an open field, by means of remotely triggering electrical stimulation of the brain,” the report states.

    “Such a system depends for its effectiveness on two properties of electrical stimulation delivered to certain deep-lying structures of the dog brain: the well-known reward effect, and a tendency for such stimulation to initiate and maintain locomotion in a direction which is accompanied by the continued delivery of stimulation.”

    After the surgery to control the mind of a dog, the CIA states that the gruesome side effects could be “infection at the electrode site due to a failure of the surgical wound to heal.” Newsweek reported that after trying out a plastic helmet, government scientists instead settled on the new surgical technique that involved, “embedding the electrode entirely within a mound of dental cement on the skull and running the leads subcutaneously to a point between the shoulder blades, where the leads are brought to the surface and affixed to a standard dog harness.

    Once the surgeons implanted the electrodes deep in the subject dog’s brain, a battery pack and stimulator was added to the harness, through which signals could be sent to the electrodes. “The stimulator had to be reliable and capable of sufficient voltage output to be usable in the face of expected impedance variation across individual dogs.”

    Another of the documents revealed perhaps even more disturbing new details on the use of experimental mind control drugs on unwilling human beings, suggesting experimenting with the use of such drugs on inmates in prison hospitals and drugging suspected criminals awaiting trial. According to Sputnik News, it gets even worse. Yet another document details experimentation with hypnotic speaking techniques to enable mind control over “large audiences.”

    Read the newly released documents in their entirety here, at The Black Vault.

  • Australia Warned To Prepare For "Severe Housing Collapse" And "Banking Crisis"

    Just weeks after we noted that Australia’s household debt to income ratio has ballooned to shocking levels over the past three decades as Sydney is ranked as one of the most overvalued cities in the world, Australia’s regulators have been warned to prepare “contingency plans for a severe collapse in the housing market” that could lead to a “crisis situation” in one or more financial institutions.

    Australia has transitioned from the lowest household debt-to-income ratio to the highest in the world, in just three decades.

    And now Australia’s News.com.au reports that The Organisation for Economic Co-operation and Development’s (OECD) latest in-depth assessment of Australia maintains that while the “current trajectory” of house price declines “would suggest a soft landing… some risk of a hard landing remains.”

    Wage stagnation and elevated home prices have turned into the perfect storm that will bring forward a housing crisis.

    The Paris-based global forum recommends the Aussie Reserve Bank begin raising the cash rate from its record low as soon as possible to prevent “imbalances accumulating further”.

    The RBA last cut the cash rate to 1.5 per cent in August 2016, following an earlier cut to 1.75 per cent in May. There has not been an official cash rate increase since November 2010.

    Australia’s housing market is a source of vulnerabilities due to elevated prices and related household debt. A direct hit to the financial sector from a wave of mortgage defaults is unlikely,” the report says.

    “However, if house prices collapse consumer spending could suffer, via negative impact on wealth, including from exposures to bank shares, which would encourage deleveraging. Together with reduced housing-related expenditures, this would put pressure on the whole economy.”

    Additionally, News.com reports that while describing the housing market slowdown as “welcome” after a period where prices were overvalued by 5 to 15 per cent and noting current evidence pointed to a soft landing, the OECD said its research in the past “has found soft landings are rare”.

    The OECD report recommends contingency plans in the form of “a loss-absorbing regime in the case of financial-institution insolvency”, including controversial “bail-in provisions”.

    “… the possibility of financial-institution crisis should not be discounted entirely.”

    Finally, the OECD notes, unlike in the US or EU, the law does not include provisions that would automatically convert some unsecured senior bonds and deposits from other banks into equity in the event of a crisis

     “The absence of explicit bail-in provisions could slow down the speed of resolution and risk encouraging financial institutions to gamble for resuscitation.”

    Notably, OECD’s ominous warnings come after RBA deputy governor Guy Debelle raised alarms (after Q3 GDP dramatically undershot expectations at just 2.8%) by suggesting the next move in rates could be down, not up, and floated the possibility of controversial money printing policies known as quantitative easing in the event of a crisis.

    As John Rubino recently noted, for the past few years, homeowners just about everywhere have been able to finesse life’s problems by thinking “at least my house is going up.”… But now that’s ending, and reverse wealth effect is kicking in. Homeowners are seeing their home equity – aka their net worth – stop growing and in some cases drop by shocking amounts. In Australia it’s $1,000 a week, which is enough to darken the mood of pretty much anyone not in the 1%. A consumer with a dark mood is an unenthusiastic shopper because new debt accelerates the decline in net worth.

    As home prices fall, so therefore does “discretionary” spending. Australians will continue to eat and to air condition their bedrooms, but they’ll cut way back on vacations, new cars, etc. And the debt-based part of the economy will suffer. This will cause stock prices to fall, knocking another leg out from under the average citizen’s net worth and making them even less likely to splurge. And so on.

    Credit-bubble capitalism depends on mood, which makes it fragile. That fragility is about to be on full display pretty much everywhere.

  • Sabotage? Has The Deep State Destroyed Trump's Chances Of A China Trade Deal?

    Authored by Michael Snyder via The Economic Collapse blog,

    Somebody out there apparently does not want President Trump to make a trade deal with China. 

    Just after U.S. and Chinese officials agreed to suspend the implementation of new tariffs for 90 days, one of China’s most important tech executives was literally kidnapped as she was changing planes in Canada.  Huawei CFO Meng Wanzhou was simply on her way to Mexico, but at the urging of U.S. authorities the Canadians grabbed her and are refusing to let her go.  Reportedly, the plan is to extradite her to the United States where she will apparently face charges relating to Huawei’s evasion of U.S. sanctions against Iran.  When Trump was negotiating face to face with the Chinese, he was not aware that this was taking place.  So now all of Trump’s hard work is out the window, and our relations with the Chinese are probably the worst that they have been since the Korean War.

    If U.S. authorities wanted to punish Huawei, they should have just slapped a big fine on them and have been done with it.

    The Chinese would have been annoyed, but not that much damage would have been done.

    But kidnapping a high profile member of Chinese tech loyalty and throwing her in prison is something that the Chinese will not forgive.

    The Chinese are a deeply nationalistic people, and the kidnapping of Meng Wanzhou is being treated as a grave national insult in China.  If the goal of the Deep State was to really upset the Chinese, they picked a perfect target.  The following comes from Robert Wenzel

    “This is a really big deal. Ms. Meng is by birth and position a member of China’s corporate royalty,” David Mulroney, a former Canadian ambassador to China, is quoted by TGM as having said.

    According to TGM, Meng, 46, who also goes by the name Sabrina, was appointed CFO of Huawei in 2011 and is also one of four deputy chairs. She appears to be being groomed for the top job at Shenzhen-based Huawei, which is now the world’s second-largest maker of telecommunications equipment.

    Just imagine how Americans would feel if China kidnapped a high profile member of our tech royalty and multiply that outrage by about 10.

    Until Meng Wanzhou is let go, there is not going to be any deal with China.  Many Americans are not familiar with Huawei, but they are essentially China’s version of Apple or Microsoft.  The following originally comes from CNN

    Huawei is one of the world’s biggest makers of smartphones and networking equipment. It is at the heart of China’s ambitions to reduce its reliance on foreign technology and become an innovation powerhouse in its own right.

    The country is pumping hundreds of billions into its “Made in China 2025” plan, which aims to make China a global leader in industries such as robotics, electric cars and computer chips. The introduction of 5G wireless technology, which hinges on Huawei, is a top priority.

    Meng Wanzhou is not just the CFO of the company.  She is also the daughter of the founder of the company and she is considered to be a hero by millions of Chinese.

    So what in the world is the Deep State thinking?  Are we going to start regularly kidnapping individuals that work for foreign corporations that have somehow violated U.S. laws?

    And should Americans expect the same treatment?  How would you like it if your mother or daughter was kidnapped while changing planes in a foreign country because the company that she works for had committed some sort of violation?

    I don’t want to make it sound like Huawei is perfectly innocent, because they aren’t.  But this is a move that is not just going to ensure a nightmarish trade war with China.  Ultimately, things could get a whole lot worse than that.

    At this point, the Chinese have summoned the U.S. ambassador and have formally demanded Meng Wanzhou’s release

    The Chinese foreign ministry on Sunday summoned U.S. Ambassador to China Terry Branstad to protest the detention of a senior tech executive by the Canadian authorities “at the unreasonable behest of the United States.”

    Vice Foreign Minister Le Yucheng demanded the release of Meng Wanzhou, chief financial officer of Huawei Technologies, who is accused by U.S. officials of attempting to circumvent U.S. sanctions on Iran.

    It would be wonderful if Meng Wanzhou was released, but it doesn’t look like that is going to happen.

    So now our relationship with China is officially in the toilet, and this is one of the factors that could push stock prices much lower once again this week.  In fact, as I write this article Dow futures are way down

    U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China.

    Dow Jones Industrial Average futures dropped 197 points, implying a decline of 173.95 points at Monday’s open. S&P 500 and Nasdaq 100 futures also declined. The losses would add to a steep decline from last week.

    This current “correction” was supposed to be over by the time December rolled around, but instead stock prices accelerated their decline last week.

    And many of those that work in financial circles are starting to use language that is much more pessimistic than we have become accustomed to seeing.  Here is just one example

    “We’re very mindful once again where we’re at in the cycle,” Gregory Carmichael, chief executive of the Cincinnati-based lender Fifth Third, said at a conference last week. “We’re well positioned to deal with the downturn in the economy, and we’ll be very cautious.”

    I don’t know what “well positioned to deal with the downturn in the economy” means exactly, but it sounds nice.

    It frustrates me that so few people seem to understand the gravity of the situation that we are facing.  Our stores are filled with cheap products that come from China and they own more than a trillion dollars of our national debt.  The two largest economies in the entire world are decoupling from one another, and if the Chinese conclude that they are not able to salvage the relationship then they will rapidly become an exceedingly dangerous enemy.

    This is a major turning point, and the kidnapping of Meng Wanzhou has put us on a road that doesn’t lead anywhere good.  Hopefully things can rapidly be fixed, because if not, events are likely to start escalating quite dramatically.

  • Former CIA Chief Of Disguise Explains How Spy Agency Trains Agents To Blend In

    The CIA has a long and checkered history of sending highly trained agents into very foreign environments to conduct everything from espionage to assassinations. 

    In order to pull off these clandestine and high-risk assignments, CIA agents must have a watertight cover story and a disguise that could fool your average Russian FSB officer as he flips through a carefully forged passport – eyeballing a highly trained agent dressed, perhaps, as a migrant worker or a retired ballerina out for a swim. 

    Photo: Red Sparrow

    To that end, WIRED magazine’s Angela Watercutter penned an exclusive interview with the CIA’s Former Chief of Disguise, Jonna Mendez – who spent her career training agents to blend in, disappear and even “quick change” their appearance if they need to shake a tail. Mendez’s husband, Tony Mendez, was the subject of a 2007 story in WIRED which was the basis for the movie Argo

    Jonna Mendez

    “One of our officers, probably working out of the American embassy, would have surveillance 24 hours a day; they’d have teams of people following them,” said Mendez, adding “But they had work to do; they had to communicate with people, clandestinely. The extremes we would go to to disguise those people was the most interesting, and the most challenging, part of the job.”

    Mendez says that the secret to a good disguise is hiding a person’s tell-tale features

    If they have straight hair, make it curly. If they’re young, give them a few streaks of gray. It also helps to change the way they walk or talk by putting a brace on their leg or an “artificial palate” in their mouth. Americans have a certain way of standing—weight on one foot or the other—and if they’re trying to pass themselves off as European, it helps if they stand squarely on both feet. Good disguises, Mendez says, are almost always “additive;” you can make someone taller, heavier, or older, but “we can’t go the other direction.” –WIRED

    And when it comes to “quick changes,” Mendez says that an agent can change their appearance as they move through busy sidewalks – adding sunglasses or a hat, or changing their shirt. If done correctly, it will look like the spy has simply vanished. 

    “You want to be the person that gets on the elevator, and then gets off, and nobody really remembers that you were even there,” she said. “That is a design goal at the disguise labs at CIA.” 

    Watch more below, and check out Mendez’s Reddit AMA here

  • The Largest Conspiracy Theory Peddlers Are MSM And The US State Department

    Authored by Caitlin Johnstone via Medium.com,

    The US State Department has issued a statement accusing the Syrian government of having carried out a false flag chemical weapons attack in northwestern Aleppo with the intent to blame it on the jihadist factions in the region, citing “credible info” that the public has not been permitted to see.

    Never mind the known fact that there are actual, literal Al Qaeda affiliateswho have admitted to using chemical weapons in Aleppo, and who are known to have used chemical weapons throughout Syria even by the State Department’s own admission: the Official Narrative is that only the Syrian government uses chemical weapons, so the chemical weapons usage must necessarily be a false flag staged by Syrian president Bashar al-Assad.

    Except they didn’t use the words “false flag”. Despite the accusation being the exact definition of the thing that a false flag attack is, you won’t see the US government using that term, nor will you ever see it used in this instance by any of the authorized mainstream narrative-framing institutions like CNN or Fox News. This is because the term “false flag” is reserved solely for mention when referring to crazy, kooky Kremlin propaganda, as in the insane, unhinged, tinfoil hat belief that terrorists in Syria might possibly have some kind of motive to stage a false flag chemical attack in order to get the US, UK and France to act as their air force in a retaliatory strike against the Syrian government. That kind of false flag would be completely inconceivable to any right-minded empire loyalist, and is forbidden to even think about.

    https://platform.twitter.com/widgets.js

    At the same time we are seeing a push from the mass media to advance a narrative that the Yellow Vests protests in France are due to Russian influence, with Iraq-raping neocon Max Boot publishing a column today in the Washington Post that is based entirely around the talking point that two trending Russian topics on social media have been “giletsjaune” and “France,” and Bloomberg putting out an article blatantly titled “Pro-Russia Social Media Takes Aim at Macron as Yellow Vests Rage”. Their entire theory is that since there are people in Russia talking about a major event that everyone else in the world is also talking about, the protests against Macron’s unpopular centrist policies are therefore the result of a conspiracy seeded by Russia.

    But you’ll never hear this theory about a Russian conspiracy referred to as a “conspiracy theory” by the mainstream press. The theory that Russian elites have conspired to infiltrate the highest levels of the US government has been given serious treatment at the top echelons of media and political influence, despite its lacking any discernible evidence whatsoever, but when they talk about these alleged conspiracies they always make a point of using the word “collusion” instead. There is no actual difference between the words collude and conspire when used in this way, but the former is used because a deliberate effort has been made to stigmatize the word “conspiracy” while the word “collude” remains effectively neutral in the public eye.

    But the fact of the matter is that conspiracy theories have gone mainstream, and there is no legitimate reason to call the authorized, power-manufactured conspiracy theories by a different name than the grassroots narratives like those about 9/11 or the JFK assassination. Indeed, due to the nature of populist folk narratives there is a lot more publicly available evidence contradicting the official 9/11 and JFK assassination stories than there is for the establishment Russia conspiracy theories, because those narratives often boil down to nothing more than secretive intelligence agencies saying “This is true because we said so.” Since grassroots conspiracy theories are unable to rely on empty assertions from authority, they tend to be built upon information that is publicly available.

    Some people get annoyed with me for using the term conspiracy theory at all, but I insist that the phrase is itself intrinsically neutral: a theory about a conspiracy. The problem is not the phrase, it is the stigma that has been attached to that phrase by establishment media and establishment politicians; shifting to a different phrase to describe theories about conspiracies would only ensure that that phrase becomes stigmatized in the exact same way by the same sort of campaign. This would only ensure the survival of the tactic of regurgitating a pre-stigmatized label in the war of ideas instead of advancing actual arguments. The fact of the matter is that powerful people do indeed conspire, those conspiracies do indeed need to be talked about, and the largest promulgators of conspiracy theories are not Infowars or RT, but mainstream media and the US State Department.

    Those who dismiss an idea by calling it a “conspiracy theory” without providing further argumentation are simply admitting to you that they have no argument, and it is right to point this out when they do it, because something being a conspiracy theory doesn’t mean it’s not grounded in facts. Some conspiracy theories are good and are backed by solid evidence, some are stupid and are circulated for intellectually dishonest reasons. Once upon a time you would be called a conspiracy theorist for saying the west is arming terrorists in Syria or the DNC is conspiring to ensure the primary victory of Hillary Clinton; those things are now conspiracy facts, as history has vindicated the solid theories which predicted them. Other conspiracy theories are promulgated by dim-witted partisan loyalists for no other reason than dim-witted partisan loyalty, like the aforementioned Russiagate conspiracy theory, or the QAnon conspiracy theory which claims Donald Trump is leading a rebellion against the Deep State as cryptically reported by an anonymous user on 8chan.

    Other conspiracy theories are subscribed to simply because they help people escape the cognitive dissonance of conflicting beliefs. For example, a strong believer in capitalism who sees the undeniable signs that a plutocratic class has control of their government, but who cannot accept that this plutocratic takeover was facilitated by a rampant capitalist system which ensures that the greediest sociopaths rise to the top, may avoid cognitive dissonance by explaining the existence of the corrupt dominator class with conspiracy theories about Jews or pedovore cults. A liberal who cannot accept that neoliberal empire loyalists like Macron have failed to “make centrism cool” as Max Boot predicted will avoid cognitive dissonance by explaining the failures of the Church of the Status Quo with conspiracy theories about Russian social media campaigns.

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    Conspiracy theories, in reality, are nothing more than people’s attempts to explain what is going on in their world. Why Trump got elected. Why things stay shitty despite our perfectly rational attempts to change them. Why voting doesn’t seem to make much difference in the actual behaviors of one’s government. Why we keep marching into stupid wars, Orwellian dystopia and climate collapse despite having every incentive not to. Why the wealthiest of the wealthy keep getting wealthier while everyone else gets poorer and poorer. Some attempts to explain these things will come from a well-informed and intellectually honest place, and some will come from a myopic and intellectually dishonest place. Their individual merits can only be assessed on a case-by-case basis.

    And in my opinion the conspiracy theories coming from the world’s most powerful institutions are the most dishonest by far. I saw a recent post by the WikiLeaks Twitter account which referred to the corporate media as “the narrative business pretending to be in the news business,” which is in my opinion a perfect way to phrase it. The real currency of the world is not gold, nor is it bureaucratic fiat, nor even raw military force; it’s narrative control.The ability to control the stories people tell about what’s going on in their world means the ability to control how they think, how they vote, how they behave, and how they all agree money and power itself operates within our society. Since society is made of narrative, controlling the narrative is controlling that society.

    Conspiracy theories are a way for those in power to manipulate the narrative without actually giving the public any hard facts and evidence, and the world’s most powerful institutions are increasingly relying on conspiracy theories because they don’t have facts and evidence on their side. And why would they? The same power establishment which deceived the world into destroying Iraq is obviously far too depraved to be able to justify its global hegemony with factual evidence. All they have is narrative control, and they’re starting to lose even that.

    *  *  *

    Thanks for reading! The best way to get around the internet censors and make sure you see the stuff I publish is to subscribe to the mailing list for my website, which will get you an email notification for everything I publish. My articles are entirely reader-supported, so if you enjoyed this piece please consider sharing it around, liking me on Facebook, following my antics on Twitter, throwing some money into my hat on Patreon or Paypalbuying my new book Rogue Nation: Psychonautical Adventures With Caitlin Johnstone, or my previous book Woke: A Field Guide for Utopia Preppers.

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Today’s News 10th December 2018

  • Free Gas Over Yemen's Skies: Saudi Jets Refueled By American Taxpayers Due To "Accounting Errors"

    The White House wants to stay the course in Yemen even as the Senate is set to push back against US military support to the Saudi-led bombing campaign. But now a bombshell report reveals the Pentagon has been fueling Saudi and UAE jets free of charge due to “errors in accounting where DoD failed to charge” according to US defense officials. 

    Free handouts over the skies of Yemen. US-Saudi refueling, file photo

    The huge significance is summarized in the opening lines of The Atlantic report which broke the story over the weekend

    President Donald Trump, who repeatedly complains that the United States is paying too much for the defense of its allies, has praised Saudi Arabia for ostensibly taking on Iran in the Yemen war. It turns out, however, that U.S. taxpayers have been footing the bill for a major part of the Saudi-led campaign, possibly to the tune of tens of millions of dollars.

    For the entire three-and-a-half years of the program, the Pentagon never had an official servicing agreement in place with the Saudis and further never informed Congress.

    The vital refueling role that the US military has played in the war goes back to March 2015 and is reported to be “enormously expensive”. The recipient country, in this case the Saudis, is required by law to pay the costs but the Pentagon now admits “they in fact had not been charged adequately” in an official DoD letter obtained by The Atlantic.

    The Pentagon is now “currently calculating the correct charges” but it’s unclear if the missing funds going back years — footed by the American taxpayer — will ever be obtained especially as the DoD doesn’t even know what it’s owed

    Information on the “accounting errors” began to emerge after Senators asked defense officials last March to account for Saudi coalition refueling costs. After eight months, just a day ahead of the Nov. 28 Senate vote to debate ending the war in Yemen, the Pentagon admitted it could answer this question. 

    Senator Jack Reed, the top Democrat on the Senate Armed Services Committee, told The Atlantic that likely “tens of millions of dollars” worth of fuel was supplied to the Saudi coalition for free. However, this figure (again which the Pentagon says it can’t account for) is possibly in the hundreds of millions, considering the following:

    Records provided by the Defense Logistics Agency this March indicated that since the start of fiscal year 2015 (October 2014), more than 7.5 million gallons of aerial refueling had been provided to the UAE, and more than 1 million gallons to the Saudis. Those figures were for all aerial refueling, not necessarily only related to operations in Yemen.

    “It is clear that the Department has not lived up to its obligation to keep Congress appropriately informed or its responsibility to secure timely reimbursement,” Sen. Reed told The Atlantic. “U.S.-provided aerial refueling assistance was provided to the Saudi-led coalition for more than 3.5 years, activities that likely cost tens of millions of dollars. We must ensure that U.S. taxpayers are fully reimbursed for that support.”

    So it’s clear that not only has the United States given the Saudis a “free pass” politically while tens of thousands of Yemeni civilians have been massacred over the years, but has literally been funding the Saudi military machine for free, despite Riyadh’s immense oil wealth. And further the obvious question that remains is… whatever happened to “America first?”

  • How Big Brother Grips Americans' Minds To Support Invasions

    Authored by Eric Zuesse via The Strategic Culture Foundation,

    On November 29th, Gallup headlined “Democrats Lead Surge in Belief U.S. Should Be World Leader” and reported that “Three-fourths (75%) of Americans today think the United States has ‘a special responsibility to be the leading nation in world affairs,’ up from 66% in 2010. The surge is driven by Democrats, whose belief in this idea has increased from 61% eight years ago to 81% now.

    This finding comes even after the lie-based and catastrophic U.S. invasions of Iraq in 2003, and of Libya in 2011 (and of so many others, such as Afghanistan, where the U.S. and Sauds created the Taliban in 1979). Americans — now even increasingly — want ‘their’ (which is actually America’s billionaires’) Government to be virtually the world’s government, policing the world. They want this nation’s Government to be determining what international laws will be enforced around the world, and to be enforcing them. Most Americans don’t want the United Nations to have power over the U.S. (its billionaires’) Government, but instead want the U.S. Government (its billionaires) to have power over the United Nations (which didn’t authorize any of those evil, lie-based, U.S. invasions). 

    Not only would doing this bankrupt all constructive domestic functions (health, education, infrastructure, etc.) of the U.S. federal Government, but it would also increase the global carnage, as if the U.S. Government hasn’t already been doing enough of that, for decades now.

    The leadership for this supremacist craving comes straight from America’s top, not from the masses that are being sampled by the Gallup organization, who only reflect it — they are duped by their leaders. Here is how U.S. President Barack Obama (a Nobel Peace Prize winner in 2009, for nothing at all but his ‘kindly’ but insincere verbiage when he had been a candidate) stated this widespread delusional American belief in American global moral supremacy, when addressing the graduating class at West Point Military Academy, on 28 May 2014: 

    The United States is and remains the one indispensable nation. [Every other nation is therefore ‘dispensable’; we therefore now have “Amerika, Amerika über alles, über alles in der Welt”.] That has been true for the century passed and it will be true for the century to come. … America must always lead on the world stage.

    This had certainly not been the objective of U.S. President Franklin Delano Roosevelt when he set up the U.N. just before his death in 1945; he instead wanted the U.N. to evolve into a democratic government of the world, with elected representatives of each and every one of the world’s governments — to evolve into becoming the global international republic — regardless of whether or not the U.S. Government approves or disapproves of another nation’s government. The idea on which the U.N. was founded was not to involve the U.S. Government in the internal affairs of other nations, not to be the judge jury and executioner of other governments that it doesn’t like, nor to dictate what other nations should or should not do within the given nation’s boundaries. FDR intended that there instead be democratically represented, at the U.N., each and every nation, and each and every people within that global government, where each of these national governments is (hopefully but not necessarily) a democracy. FDR was just as opposed to dictatorship internationally, as he was opposed to dictatorship nationally, and he recognized that inevitably some governments will disapprove of other governments, but he was deeply committed to the view that a need exists for laws and law-enforcementbetween nations, on an international level, and not only within the individual nations, and that each nation is sacrosanct on its own internal laws. He respected national sovereignty, and opposed international empire. (This was his basic disagreement with Winston Churchill, then, and with American leaders such as Obama and Trump now.) Unlike President Obama (and evidently unlike the vast majority of today’s Americans) FDR didn’t want this international government to be an American function, but instead an entirely separate international governmental function, in which there is no international dictatorship whatsoever — not American, and not by any other country. He knew that this is the only stable basis for international peace, and for avoiding a world-annihilating World War III

    Barack Obama rejected FDR’s vision, and advocated for the United States as being (and even as if it already had been for a century) virtually the government over the entire world, which “must always lead on the world stage.” Adolf Hitler had had that very same international vision for his own country, Germany, “the Thousand-Year Reich,” but he lost World War II; and, then, when FDR died, Hitler’s vision increasingly took over in America, so that ideologically, FDR actually lost WW II, when Harry S. Truman took over the White House and increasingly thereafter, until today, when the U.S. commits more invasions of foreign countries than do all other nations in the world combined. Americans (apparently, as shown in this and other polls) like this, and want more of it.Nobody else does. For example, nobody (except the U.S. and Saudi and Israeli aristocracies and their supporters worldwide, which are very few people) supports the U.S. regime’s reinstitution of sanctions against Iran, which the U.S. regime is imposing as the global dictator. America’s economic sanctions are like spitting into the face of FDR, who had opposed such imperialistic fascism in the more overtly military form when Hitler’s regime was imposing it. It’s also spitting at the U.N.

    This latest Gallup finding displays an increase, but nothing that’s at all anomalous as compared to the decades-long reality of imperialistic U.S. culture. For decades now, Gallup’s polling has shown that the most respected of all institutions by the American people is the nation’s military — more than the church, more than the Presidency, more than the U.S. Supreme Court, more than the press, more than the schools, more than anything. America is invasion-nation. This is true even after the 2003 invasion of Iraq on the basis of blatant lies, which destroyed Iraq — a nation that had never invaded nor even threatened to invade the United States. The American people are, resolutely, bloodthirsty for conquest, even after having been fooled into that evil invasion, and subsequent decades-long military occupation in Iraq, and after subsequent conquests or attempted conquests, in Libya, Syria, Yemen, and elsewhere — all destroying nations that had never invaded nor even threatened America. Why? How did this mass-insanity, of evil, come to be?

    How is this aggressive nationalism even possible, in America’s ‘democracy’? It’s actually no democracy at all, and the public are being constantly fooled to think that it is a democracy, and this deception is essential in order for the public to tolerate this Government, and to tolerate the media that lie for it. This widespread deceit requires constant cooperation of the ‘news’-media — and these are the same ‘news’-media that hid from the public, in 2002, that the U.S. Government was outright lying about “WMD in Iraq.”

    The public simply do not learn. That’s a tragic fact. Largely, this fact results from reality being hidden by the ‘news’-media; but, even now, long after the fake ‘news’ in 2002, about the U.S. regime’s having possessed secret and conclusive evidence of “Saddam’s WMD,” the published ‘history’ about that invasion still does not acknowledge the public’s having been lied-to at that time, by its Government, and by the ‘news’-media. So, the public live, and culturally swim, in an ongoing river of lies, both as its being ‘news’, and subsequently as its having been ‘history’. This is why the public do not learn: they are being constantly deceived. And they (as Gallup’s polls prove) tolerate being constantly deceived. The public do not rebel against it. They don’t reject either the politicians, or the ‘news’-media. They don’t demand that the American public control the American Government and that America’s billionaires lose that control — especially over the ‘news’-media.

    Honesty is no longer an operative American value, if it ever was. That’s how, and why, Big Brother (the operation by the international-corporate billionaires) grips Americans’ minds to support foreign Invasions. Americans support liars, and it all comes from the top; it’s directed from the top. It is bipartisan, from both Democratic Party billionaires and Republican Party billionaires. National politicians will lose their seats if they disobey.

    A good example, of this Big-Brother operation, is America’s Politifact, the online site which is at America’s crossover where ‘news’ and ‘history’ meet one-another. It’s controlled by billionaires such as the one who founded Craigslist. Millions of Americans go to Politifact in order to determine what is true and what is false that is being widely published about current events. The present writer sometimes links to their articles, where I have independently verified that there are no misrepresentations in an article. But, like the ‘news’-media that it judges, Politifact is also a propaganda-agency for the (U.S.-Saud-Israeli) Deep State, and so it deceives on the most critically important international matters. An example of this occurred right after the U.S. regime had overthrown in February 2014 in a bloody coup the democratically elected Government of Ukraine, and replaced it by a rabidly anti-Russian racist fascist or nazi Government on Russia’s doorstep, a regime that was selected by the rabidly anti-Russian (but lying that it wasn’t) Obama regime. This Politifact article was dated 31 March 2014, right after over 90% of Crimeans had just voted in a referendum, to rejoin Russia, and to depart from Ukraine, which the Soviet dictator had transferred them to, separating them from Russia, in 1954. (None of that history of the matter was even mentioned by Politifact.) The Politifact article was titled “Viral meme says United States has ‘invaded’ 22 countries in the past 20 years”, and it was designed to deceive readers into believing that “Russia’s recent annexation of Crimea” reflected the real instance of “invasion” that Americans should be outraged against — to deflect away from America’s recent history as being the world’s actual invasion-nation. This propaganda-article said nothing at all about either Crimea or Ukraine except in its opening line: “A Facebook meme argues that Americans are pretty two-faced when it comes to Russia’s recent annexation of Crimea.” It then proceeded to document that the exact number of American invasions during the prior 20 years wasn’t 22, and so Politifact declared the allegation “false” (as if the exact number were really the entire issue or even the main one, and as if America’s scandalous recent history of invasions were not).

    So, it’s on account of such drowning-in-propaganda, that the U.S. public not only respect what U.S. President Dwight Eisenhower derogatorily called the “military-industrial complex,” but respect it above even the U.S. Presidency itself, and above all other U.S. institutions (as Gallup’s constant polling demonstrates to be the case).

    Here’s the reality: The same group of no more than a thousand super-wealthy Americans control both the United States Government and the weapons-manufacturing firms (such as Lockheed Martin), which are the only corporations whose only customers are the U.S. Government and its chosen allied governments. So, these few people actually control the U.S. Government’s foreign relations, and foreign policies. They create and control their own markets. This is the most politically active group of America’s super-rich, because they own America’s international corporations and because their business as owners of the military ones is military policy and also diplomatic policy, including the conjoining of both of those at the CIA and NSA, including the many coups that they (via their Government) engineer. They also control all of the nation’s major news-media, which report international affairs in such a manner as to determine which foreign governments will be perceived by the mass of Americans to constitute the nation’s ‘enemies’ and therefore to be suitable targets for the U.S. military and CIA to invade and conquer or otherwise “regime-change” — such as have been the lands of North Vietnam, Afghanistan, Iraq, Libya, Syria, Iran, North Korea, Yemen, Venezuela, etc., at various times. The weapons-manufacturers won’t have any markets, at all, if there are no ‘enemy’ nations that are deemed by the public to be suitable targets for their weapons. ‘Enemy’ nations, and not only ‘allies’ (or ‘allied’ nations), are necessary, in order for the military business to produce the most profits. Overwhelmingly, if not totally, the chosen ‘enemies’ are nations that have never invaded nor even threatened to invade the United States; and, so, in order to keep this Government-funded business (the war-profiteering and associated international natural-resources extractions businesses) growing and thriving, what’s essential is continuing control over the nation’s ‘news’-media. As Walter Lippmann wrote in 1921, “the manufacture of consent” is an essential part of this entire operation. It happens via the media. Even Germany’s Nazis needed to do that. Any modern capitalist dictatorship (otherwise called “fascism”) does. The U.S. regime, being a capitalist dictatorship, certainly does. Physically, Hitler lost, but his ideology won, he won even as nazism (racist fascism) instead of merely as fascism, and this racism is shown because the U.S. regime is rabidly racist anti-Russian (not merely anti-communist), and has been so for at least a century. (Maybe it’s what Obama actually had secretly in mind when he said “That has been true for the century passed and it will be true for the century to come.” And Trump is no less a liar than Obama, and he continues this aim of ultimately conquering Russia.) They say they’re only against Russia’s leader Vladimir Putin, but Putin shows in all polls of Russians, even in non-Russian polls, to be far more favorably viewed by Russians than either Barack Obama or Donald Trump are viewed by Americans. This is why regime-change-in-Russia is increasingly becoming dominated by U.S. economic sanctions and military, and less dominated by CIA and other coup-organizers. The actual dictatorship is in America, and it requires participation by its ‘news’-media. Demonizing ‘the enemy’ is therefore crucial. It is crucial preparation for any invasion.

    The United States Government spends at least as much money on its military as do all of the other governments in the world combined. Its ‘news’-media (that is to say, the media that are owned by, and that are advertised in by, the corporations that are controlled by, the same small group of billionaires — America’s billionaires — who fund the political campaigns of both the Democratic Party’s and the Republican Party’s nominees for the U.S. Congress and the Presidency) may be partisan for one or the other of the nation’s two political Parties, but they all are unitedly partisan for the international corporations, such as Lockheed Martin, that America’s billionaires control, and that sell only to the U.S. Government and to the foreign governments that are allied with the U.S. Government. They also are partisan for the U.S.-based oil and gas and mining international corporations, which need to extract at the lowest costs possible, no matter how much the given extractee-nation’s public might suffer from the deal. “Three-fourths (75%) of Americans today think the United States has ‘a special responsibility to be the leading nation in world affairs,’” and the actual beneficiaries of this mass-insanity are the owners of those U.S.-based international corporations, the military and extraction giants.

    Anthony Cordesman, at the Center for Strategic and International Studies, headlined on 15 August 2016, “U.S. Wars in Iraq, Syria, Libya and Yemen: What Are The Endstates?” and he said, “Once again, the United States does not seem to be learning from its past. The real test of victory is never tactical success or even ending a war on favorable military terms, it is what comes next.” But he ignored the main reason why these invasions had occurred. America’s weapons-manufacturers won’t have any markets, at all, if there are no ‘enemy’ nations that are deemed by the American public to be suitable targets for their weapons. Cordesman is there calculating success and failure on the basis of the myths (such as that the U.S. Government cares about those “Endstates”), not of the realities (that it craves targets). The realities focus upon the desires of the owners and executives of the weapons-manufacturers and the extraction-firms, for ongoing and increased profits and executive bonuses, and not on the needs of America’s soldiers nor on the national security of the American people. Least of all, do they focus upon the needs — such as the welfare, freedom, or democracy — of the Iraqi people, or of the Syrian people, or of the Libyan people, or of the Yemenite people. It’s all just lies, PR. Those invasions served their actual main functions when they were occurring. “The Endstates” there are almost irrelevant to those real purposes, the purposes for which the invasions were, and are, actually being done.

    Here’s an ideal example of this mass mind-control: On 19 November 2017, Josh Rogin at the Washington Post headlined “The U.S. must prepare for Iran’s next move in Syria” and reported that:

    A task force of senior former U.S. diplomatic and military officials has come up with suggestions for how Trump could prevent Iran from taking over what’s left of liberated Syria and fulfill his own promise to contain Iranian influence in the region.

    “Most urgently… the United States must impose real obstacles to Tehran’s pursuit of total victory by the Assad regime in Syria,” the report by the Jewish Institute for National Security of America states. “Time is of the essence.”

    The underlying presumption there was that the U.S. regime has legitimate authorization to be occupying the parts of Syria it has invaded and now occupies, and that Iran does not. But the reality is that the U.S. regime is occupying Syria instead of assisting Syria’s Government to defeat the U.S.-Saud-Israeli invasion to overthrow and replace Syria’s Government, by stooges who will be selected by the Saud family who own Saudi Arabia, and the reality is that Iran’s forces there are invitees who are instead assisting Syria’s Government against the Saudi-Israeli-American invasion. In other words: this WP article is basically all lies. Furthermore, the Jewish Institute for National Security of America is a front-organization for the fascist regime that rules Israel, and the WP hid that fact, too, so its cited ‘expert’ was a mere PR agency for Israel’s aristocracy. So, this is Deep-State propaganda, parading as ‘news’. 

    Americans actually pay their private good money to subscribe to (subsidize) such bad public ‘news’papers as that. The billionaire who happens to own that particular ‘news’paper (the WP), Jeff Bezos, had founded and leads Amazon, which receives almost all of its profits from Amazon Web Services (AWS), the cloud-computing division, which supplies the U.S. ‘Defense’ Department, CIA, and NSA. For example, “without AWS and Prime, Amazon lost $2 billion in the 1st quarter of FY18. … These losses come from Amazon’s retail business. About 60% of Amazon’s revenue comes from retail and that’s where Amazon is losing money.” Amazon is profitable because of what it sells mainly to the Government, but also to other large U.S. international corporations, and they all want to conquer Syria. None opposes that evil goal. Although Bezos doesn’t like the Sauds, he has actually been (at least until the Khashoggi matter) one of their main U.S. media champions for the Sauds to take over Syria. It’s all just a fool-the-public game. It works, it succeeds, and that’s what Gallup’s polls are demonstrating. The public never learns. It’s a fact, which has been proven in many different ways.

    This reality extends also to other nations, allies of the U.S. aristocracy, and not only to the U.S. regime itself. For example, on 27 November 2018, a whistleblowing former UK Ambassador, Craig Murray, who is a personal friend of Julian Assange, headlined“Assange Never Met Manafort. Luke Harding and the Guardian Publish Still More Blatant MI6 Lies”, and he proved that Britain’s Guardian had lied with total, and totally undocumented (and probably even totally non-credible), fabrications, alleging that Julian Assange of WikiLeaks had secretly met (in 2013, 2015, and 2016) with Paul Manafort of the Trump campaign. The UK, of course, is a vassal-nation of the U.S. aristocracy, and the Guardian is run by Democratic Party propagandists (paid indirectly by Democratic Party and conservative Tony-Blair-wing Labour Party billionaires) and therefore fabricates in order to assist those Parties’ efforts to impeach Trump and to dislodge Jeremy Corbyn from the Labour Party’s leadership. However, each of America’s two political parties (like the UK’s aristocracy itself) represents America’s aristocracy, which, like Britain’s aristocracy, is united in its determination to eliminate Assange — they are as determined to do that to him, just as Saudi Crown Prince Mohammed bin Salman al-Saud was determined to eliminate Jamal Khashoggi. ‘Democracy’? This? It is Big Brother.

    Only if the population boycott lying individuals and organizations, is democracy even possible to exist in a nation. Democracy can’t possibly exist more than truth does. In political matters, deceit is always treachery; and its practitioners, whenever the evidence for it is overwhelming and irrefutable, should experience whatever the standard penalty is for treachery. Only in a land such as that, can democracy possibly exist. Elsewhere, it simply can’t. The only basis for democracy, is truth. Deceit is for dictators, not for democrats. And deceit reigns, in the U.S. and in its allied countries. Is this really tolerable? Americans, at least, tolerate it.

    When Obama was awarded the Nobel Peace Prize, the far-right Rupert Murdoch’s Wall Street Journal editorialized against Obama on 10 October 2009, by saying that “What this suggests to us — and to the Norwegians — is the end of what has been called ‘American exceptionalism’.” Little did anyone then know that after winning re-election upon the basis of such war-mongering lies from Obama, as that “America remains the one indispensable nation”, Obama in February 2014 would go so far as to perpetrate a bloody coup overthrowing the democratically elected Government of one “dispensable” nation, Ukraine; and, then, on 28 May of 2014, Obama would be telling America’s future generals, that “The United States is and remains the one indispensable nation” and that Obama would, in that speech, explicitly malign Ukraine’s neighbor Russia. He did it, in this speech, which implicitly called all nations except the U.S. “dispensable.” He had carefully planned and orchestrated Americans’ hostility toward Russia. His successor, Trump, lied saying that he wanted to reverse Obama’s policies on this, and Trump promptly, once becoming elected, increased and expanded those policies. Whatever a deceitfully war-mongering country like this might be, it’s certainly no democracy. Because democracy cannot be built upon a ceaseless string of lies.

  • DEA Spy Cameras In Vacuum Cleaners: Surveillance State

    According to the website USAspending.gov, the US Drug Enforcement Administration (DEA) awarded a contract to an American defense company to build a vacuum cleaner for surveillance purposes.

    A California-based company called Special Services Group, LLC. received a $42,595 contract on November 28 to manufacture a “custom Shop Vac concealment with Canon M50B.” The program completion time is one month, the DEA expects delivery of the spy vacuum on January 01.

    Canon describes the high-sensitivity VB-M50B Network Camera as a “PTZ [Pan-Tilt-Zoom] network camera” that “captures video with remarkable color and clarity, even in very low-light environments.”

    Depending on the retailer, the camera sells for $3,000 to $3,500; the contract summary specifies the spy vacuum is being funded by the DEA’s Office of Investigative Technology, as Quartz first reported this story on December 06.

    The company behind the spy vacuum: Special Services Group “is a leading supplier of technical solutions for law enforcement, military and government agencies in the United States of America,” its website says. “Due to the critical missions of our customers, we have chosen not to place our product information on our website. Please use the contact section of our site to request more information.”

    So, what did social media have to say about spy vacuums?

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    Last month, new government procurement data also showed how the DEA purchased an undisclosed number of secret surveillance cameras that are being disguised as streetlights. 

    Again, Quartz first reported this dystopian development of federal authorities stocking up on “covert systems” in November. The report showed how the DEA paid a Houston, Texas company called Cowboy Streetlight Concealments LLC. approximately $22,000 since June for “video recording and reproducing equipment.”

    It is not just streetlights and vacuum cleaners the federal government wants to mount covert surveillance cameras on, it seems cameras inside traffic barrels could be heading onto America’s highways in the not too distant future.

    And as Quartz reported in October, the DEA operates a complex network of digital speed-display road signs that covertly scan license plates.

    Chad Marlow, a senior advocacy and policy counsel for the ACLU, told Quartz that cameras in street lights have been proposed before by local governments, typically under a program called “smart” LED street light system.

    “It basically has the ability to turn every streetlight into a surveillance device, which is very Orwellian to say the least,” Marlow told Quartz. “In most jurisdictions, the local police or department of public works are authorized to make these decisions unilaterally and in secret. There’s no public debate or oversight.”

    And so, as the US continues to be distracted, torn amid record political, social and economic polarization, big brother has no intention of letting the current crisis go to waste, and quietly continues on its path of transforming the US into a full-blown police and surveillance state.

  • Jatras: The "America Last" Express Hurtles On – Saudi Arabia, INF, Ukraine

    Authored by James George Jatras via The Strategic Culture Foundation,

    As the façade of 2016 Candidate Donald Trump’s promised “America First” continues to crumble away, the baked-into-the-cake pathologies of the foreign and security policy “experts” who monopolize President Trump’s administration plunge forward along their predetermined paths.

    Any realistic notion of American national interests comes last after the priorities of – well, pretty much everyone else with leverage in Washington.

    Case in point, let’s start with Saudi Arabia and all the breast-beating over whether Saudi Arabia’s Mohammed bin Salman (MbS) really is guilty of ordering the killing of Jamal Khashoggi. (Spoiler Alert: You betcha!)

    American and western media were all a-twitter last week with Russian President Vladimir Putin’s high five to Crown Pariah MbS at the G20. Amid the faux outrage – come on, does anyone really think MbS was the only killer in that room? – the gesture received America’s highest media tribute: a parody on “Saturday Night Live.”

    What a circus. Apart from Putin’s greeting, the assembled hypocrites went out of their way to shun the leprous MbS, even shunting him to the margins of the group picture – as though the killing of one dodgy journalist outweighed their abetting MbS’s business-as-usual slaughter in Yemen. Really! I barely know the guy. We were never actually friends

    Khashoggi’s gruesome death is the gift that keeps on giving, exacerbating as it does both international and domestic American fault lines. Let’s keep in mind that his affiliation was with the Muslim Brotherhood (and Turkish President Recep Tayyip Erdoğan), the CIA, and (almost the same thing) the Washington Post. Internationally these line up with Turkey, Qatar, and Saudi elements currently on the outs with MbS and who would like to send him to join Khashoggi. Domestically in the US these add up to the Deep State and “the Resistance” to President Donald Trump, who are thrilled to be able to hang Khashoggi around his neck like an albatross, which he’s foolishly allowing to happen.

    On the other hand, MbS is supported by Israel, which has a lot of clout on Capitol Hill (duh) and virtually owns the Trump administration (also duh). Prime Minister Bibi Netanyahu has Trump dancing to his tune via Jared Kushner (Trump and Kushner may now in fact be the same person), Ivanka Trump, and Sheldon Adelson, plus his entire foreign policy team, starting with National Security Adviser John Bolton and Secretary of State Mike Pompeo. Rather than wisely using the Khashoggi imbroglio as an opportunity to take the exit ramp away from US support for the crazed Wahhabist head-choppers in Riyadh of any faction, Team Trump is doggedly defending their the line in the sand in support of MbS personally as the spearhead of their anti-Iran, “Arab NATO” program.

    The Resistance side is no less anti-Iran, but beating the Khashoggi drum and even tying it to support for Yemen slaughter (not that they really give a damn about Yemen, except for a few bleeding hearts like Senator Rand Paul and Representative Tulsi Gabbard, who even have the temerity to oppose the CIA’s arming of al-Qaeda in Syria!) is a twofer: to weaken and humiliate Trump, plus hoping at some point to install a replacement to MbS who would be a more reliable tool for their anti-Iran vendetta. The big break, if it comes, will be if Bibi’s foot soldiers around Trump decide they need to dump MbS as counterproductive to their agenda on Iran. Then they’ll stop resisting the Resistance, MbS will be removed (with extreme prejudice), and Trump will have egg on his face for having supported him for so long. For the Resistance, it’s win-win …

    … if it happens that way. On the other hand, even exposed as the bloody minded killer he is, it’s not impossible MbS, with Israel backstopping him, can just tough it out. After all, those waiting in the wings in Riyadh are no angels either. At least in the short term MbS may still have the upper hand via squatter’s rights; he’s in power and the guy everybody still has to deal with. He can also still spread a lot of cash around as Khashoggi recedes into the rear view mirror.

    If things really look as though they are going south on him, MbS might think to take leaf from the playbook of Georgia’s Mikheil Saakashvili in 2008 and Ukraine’s Petro Poroshenko a couple of weeks ago (more below) and provoke an incident with Iran on his own to force Washington back him up. That would be risky, to say the least. It’s unlikely that even Bolton and Pompeo are ready for war – yet. They seem to believe their own propaganda about regime change via sanctions and economic collapse and the supposedly yuge popularity of the “People’s Mojahedin” (MEK), our designated replacement waiting to be parachuted into Tehran. They’ll at least want to run the sanctions game a while longer to weaken Iran (and humiliate the Europeans some more) before they go for Plan B if necessary. Also, they’d need a phony pretext along the lines of Iraqi WMDs, Benghazi, Racak, and it’s uncertain MbS is competent give them one all by himself.

    If MbS does hazard to strike out on his own before they (Donald Kushner and Boltpeo) are ready, he may end up chewing on his tie like Saakashvili (or whatever the equivalent of that is with a thobe and gutra). At that point he would be universally seen as a liability and removed. Nothing can be ruled out of course, and if MbS thinks are getting really shaky he just might do it, figuring he’s got nothing to lose … but his head

    Shifting gears to the big league between the US and Russia, it’s virtually certain the Trump administration will follow through on its threat to pull out of the Intermediate-Range Nuclear Forces (INF) Treaty, originally concluded between the US and the USSR in 1987. Pompeo’s ultimatum to Russia to confess they were cheating and dispose of the offending 9M729 missiles was couched in a laundry list of “admit when you stopped beating your wife” charges: “These violations of the INF treaty cannot be viewed in isolation from the larger pattern of Russian lawlessness on the world stage. The list of Russia’s infamous acts is long: Georgia, Ukraine, Syria, election meddling, Skripal and now the Kerch Strait, to name just a few.”

    Pompeo’s ultimatum came literally one day after Trump signaled in a Tweet that he does not want a new arms race:

    ‘I am certain that, at some time in the future, President Xi and I, together with President Putin of Russia, will start talking about a meaningful halt to what has become a major and uncontrollable Arms Race. The U.S. spent 716 Billion Dollars this year. Crazy!’

    Ha! Who does this Trump fellow think he is – the President? He doesn’t want a “crazy” arms race? Too bad. He’d better check with the guys he’s picked to run his administration for him. They’re completely copasetic with crazy – and then some!

    Perhaps we can hold out a desperate hope that Trump’s intention is to replicate his tentative win on Korea, that threatening to pull out of the INF Treaty and accusing Moscow of every sin under the sun is just part of the “art of the deal,” “little rocket man” versus “mentally deranged dotard,” etc., with the real goal a new and better deal with Russia, maybe including China as well. But if that were so (there’s no evidence for it) there’s no need to trash the current agreement or even to threaten to do so. There is a lot that has changed technologically since 1987, and updates and revisions, perhaps in a protocol to the existing treaty might make sense.

    That’s unlikely to happen though. Instead, not only will there be a new arms race in the intermediate range – which Moscow declares its willingness to undertake, however reluctantly – the flaccidity of America’s European so-called allies is again relevant. US threats to deploy intermediate-range missiles in Europe would be meaningless if European countries refused to host them because doing so would make them a target for Russian weapons. But while the European Union whines it would be better to keep the Treaty (just like it whined impotently about the JCPOA), NATO – mainly the same countries as belong to the EU – dutifully backed up the US position. There’s no evidence Europeans are prepared to confront Washington with a firm Ohne uns! if the INF agreement is terminated. Servility to their Transatlantic hegemon outweighs even their instinct for self-preservation. Whereas in the 1980s the first intermediate-range deployment of US Pershing missiles sparked a huge, mainly Leftist, European peace movement – which in turn helped lead to the INF Treaty in the first place – nothing of the sort exists now. This perhaps reflects the fact that today’s Left, which has little affinity with ordinary working people and is obsessed with Cultural Marxist identity politics, has become quite anti-Russian with the demise of communism.

    Finally, moving to Ukraine, one would think the Trump Administration would not be particularly friendly towards a government that was complicit in the attempt to use the Christopher Steele dossier to put Hillary Clinton in the White House and then, when that failed, to cripple the Trump administration through the witch hunt known as Russiagate. While the major players were intelligence and law enforcement agencies of the United States and the United Kingdom(not necessarily in that order), other countries were involved too. One of the prominent ones was Ukraine, whose President Petro Poroshenko feared could be left out in the cold if Trump improved ties with Russia per his oft-stated intent– since after all, nobody in Washington could care less about Ukraine except as a club to beat Russia with. Steps were taken to avert that:

    ‘Andrii Telizhenko, a former high-ranking Ukrainian diplomat known well in Washington circles, had vital information about collusion between elements of Ukraine’s Petro Poroshenko administration and the US’ Democratic National Committee (DNC) to dig up – or create – dirt on Donald Trump, but he has been chronically ignored by US investigators.

    ‘Telizhenko appeared as a key source in a January 2017 Politico article by Ken Vogel titled, “Ukrainian efforts to sabotage Trump backfire: Kiev officials are scrambling to make amends with the president-elect after quietly working to boost Clinton.”’

    Whatever concerns Poroshenko might have had that his complicity in the anti-Trump US-UK Deep State plot would hurt his standing with the administration of his target have long since been put to rest. Trump’s turning his administration into a haven for Bush-era recidivists and others of the sort who have turned American policy into a shambles for the past three decades has seen to that. Hostility to Russia is and will remain a lodestar of US policy, whichipso facto makes Poroshenko our “friend.”

    That means that Poroshenko need only poke the bear to get a growl and kneejerk pledges of support will click into place. While Ukraine may not be a full member of the golden circle of countries like Israel, Saudi Arabia, and the United Kingdom that have the US on a leash, it’s not too far from it either.

    With his reelection prospects in March 2019 appearing dismal, Poroshenko decided to “wag the dog” with a stunt in the Kerch Strait connecting Crimea to the Russian mainland that he knew would provoke a Russian response. As Moon of Alabama reports:

    ‘The Ukrainian president Petro Poroshenko sent the boats with the order not to coordinate their passage with Russian authorities. The captured sailors confirm that. He obviously wanted to provoke a violent Russian reaction.

    ‘The government of Ukraine practically admitted that the mission had nefarious intent:

    “Ukraine’s state security service [SBU] says that its intelligence officers were among the crew on Ukrainian naval ships seized by Russia in a standoff near Crimea.

    “The SBU agency said in a statement Tuesday that the officers were fulfilling counterintelligence operations for the Ukrainian navy, in response to ‘psychological and physical pressure’ by Russian spy services. It didn’t elaborate, but demanded that Russia stop such activity.”

    “Russia’s FSB intelligence agency said late Monday that that there were SBU officers on board the Ukrainian ships, calling that proof of a “provocation” staged by Ukraine.”

    Moscow is acutely aware of the danger of an attack to disable the Kerch Strait Bridge, built quickly and at great expense (a fact that undermines the oft-repeated anti-Russian claim that Moscow is plotting to seize Mariupol, Zaporozhye Oblast, and part of Kherson Oblast to establish a mainland route from Donbas to Crimea from the north). There have been rumors (perhaps no more than that) that Ukraine seeks to deploy a Special Atomic Demolition Munition (SADM), a small, man-portable, low-yield (circa one kiloton) device developed by NATO in the 1950s for destroying European infrastructure in advance of a Soviet invasion. Such a device would be deployable by divers if they had access to the bridge. Whether or not there’s any factual basis for such concerns, Moscow takes threats to the bridge seriously. In May 2018 the Russian Investigative Committee opened a criminal case against establishment commentator Tom Rogan and his Washington Examiner editor for advocating blowing up of the bridge, which Russian officials called incitement to terrorism.

    Right on cue, Washington is preparing new sanctions, planning to send US warships into the Black Sea in a show of support for a country to which we are not allied (amid a lunatic call from the Atlantic Council to force an entry into the Sea of Azov as well!), and conducting “extraordinary” observation flight over Ukraine. What could possibly go wrong?

    The bottom line is that Poroshenko now can jerk our chain and we will respond. While this time he failed to get a nationwide, 60-day martial law declaration approved by a Rada concerned he’d use it to cancel next year’s election, he did get 30 days in oblasts bordering Russia and Pridnestrovie. This will be useful not only for hampering electoral activities of his opponents in areas where he is even more unpopular than in the rest of Ukraine, it will facilitate seizures of churches and monasteries from the canonical Ukrainian Orthodox Church – a process that has already begun. He is secure in the knowledge that another provocation is always an option, in Kerch again, or the Donbas, or a grab against a major Church site like Pochaev or Pechersk.

    Perhaps the saddest thing is that it has now become all so predictable. We were told that Donald Trump’s administration would put America and American interests first. But instead, those acting in his name tell us through their actions: “Get in line, peasants.”

  • Russian Stealth Jets To Be Armed With New Hypersonic Missiles 

    The advanced Sukhoi Su-57 multipurpose jet, Russia’s first domestically produced fifth-generation stealth fighter, will be armed with new hypersonic missiles, according to a Russian military source.

    “In accordance with Russia’s State Armament Program for 2018-2027, Su-57 jet fighters will be equipped with hypersonic missiles,” a Russian defense industry source toldTASS news agency on December 06.

    “The jet fighters will receive missiles with characteristics similar to that of the Kinzhal missiles, but with inter-body placement and smaller size,” the source added.

    Moscow said the new Kinzhal (“Dagger”), a nuclear-capable air-launched ballistic missile, can hit speeds of up to Mach 10 and can perform evasive maneuvers that can render NATO’s US-led missile defense system completely “useless.”

    The missile can carry both conventional and nuclear warheads with a range of about 1,200 miles.

    The new hypersonic missile will be much smaller than the current Kinzhal; this is due to size constraints of fitting the weapon inside the stealth aircraft’s weapons bay. The alternative would be mounting the missile on the outside of the plane, but that would increase the jet’s radar signature. 

    No details within the report explain about a timetable for the development or the planned specifications for the new missiles. The Defense Ministry would neither confirm nor deny the information.

    The Kinzhal missile is currently being tested in field training exercises.

    President Vladimir Putin’s State of the Nation Address on March 01, made it clear that Russia had acquired advanced weaponry, including laser weapon systems, an underwater nuclear-powered drone, hypersonic weapons, and nuclear-powered cruise missiles. 

    The Russian military will receive about a dozen Su-57s in 2019, but there are some concerns that the plane is not yet a true fifth-generation jet, due to the need for an engine upgrade. 

    While many western analysts remain skeptical of the Su-57 and Kinzhal’s capabilities, it seems that Moscow is quickly moving ahead and preparing for the next military conflict. 

    The global economy is nearing the tipping of a massive slowdown in 2019, which could be followed by a recession. During economic downturns, the risk of military conflict tends to increase. Russia is preparing for a fight, as so is China. 

  • Seven Days Of Failures For The American Empire

    Authored by Federico Pieraccini via The Strategic Culture Foundation,

    On November 25, two artillery boats of the Gyurza-M class, the Berdiansk and Nikopol, one tugboat, the Yany Kapu, as well as 24 crew members of the Ukrainian Navy, including two SBU counterintelligence officers, were detained by Russian border forces. In the incident, the Russian Federation employed Sobol-class patrol boats Izumrud and Don, as  well as two Ka-52, two Su-25 and one Su-30 aircraft.

    Ukraine’s provocation follows the advice of several American think-tanks like the Atlantic Council, which have been calling for NATO involvement in the Sea of Azov for months. The area is strategically important for Moscow, which views its southern borders, above all the Sea of Azov, as a potential flash point for conflict due to the Kiev’s NATO-backed provocations.

    To deter such adventurism, Moscow has deployed to the Kerch Strait and the surrounding coastal area S-400 batteries, modernized S-300s, anti-ship Bal missile systems, as well as numerous electronic-warfare systems, not to mention the Russian assets and personnel arrayed in the military districts abutting Ukraine. Such provocations, egged on by NATO and American policy makers, are meant to provide a pretext for further sanctions against Moscow and further sabotage Russia’s relations with European countries like Germany, France and Italy, as well as, quite naturally, to frustrate any personal interaction between Trump and Putin.

    This last objective seems to have been achieved, with the planned meeting between Trump and Putin at the G20 in Buenos Aires being cancelled. As to the the other objectives, they seem to have failed miserably, with Berlin, Paris and Rome showing no intention of imposing additional sanctions against Russia, recognizing the Ukrainian provocation fow what it is. The intention to further isolate Moscow by the neocons, neoliberals and most of the Anglo-Saxon establishment seems to have failed, demonstrated in Buenos Aires with the meeting between the BRICS countries on the sidelines and the bilateral meetings between Putin and Merkel.

    On November 30, following almost two-and-a-half months of silence, the Israeli air force bombed Syria with three waves of cruise missiles. The first and second waves were repulsed over southern Syria, and the third, composed of surface-to-surface missiles, were also downed. At the same time, a loud explosion was heard in al-Kiswah, resulting in the blackout of Israeli positions in the area.

    The Israeli attack was fully repulsed, with possibly two IDF drones being downed as well. This effectiveness of Syria’s air defenses corresponds with Russia’s integration of Syria’s air defenses with its own systems, manifestly improving the Syrians’ kill ratios even without employing the new S-300 systems delivered to Damascus, let alone Russia’s own S-400s. The Pantsirs and S-200s are enough for the moment, confirming my hypothesis more than two months ago that the modernized S-300 in the hands of the Syrian army is a potentially lethal weapon even for the F-35, forbidding the Israelis from employing their F-35s.

    With the failed Israeli attack testifying to effectiveness of Russian air-defense measures recently deployed to the country, even the United States is finding it difficult to operate in the country. As the Washington-based Institute for the Study of War confirms:

    “Russia has finished an advanced anti-access/area denial (A2AD) network in Syria that combines its own air defense and electronic warfare systems with modernized equipment. Russia can use these capabilities to mount the long-term strategic challenge of the US and NATO in the Eastern Mediterranean Sea and the Middle East, significantly widen the geographic reach of Russia’s air defense network. Russia stands to gain a long-term strategic advantage over NATO through its new capabilities in Syria. The US and NATO must now account for the risk of a dangerous escalation in the Middle East amidst any confrontation with Russia in Eastern Europe.”

    The final blow in a decidedly negative week for Washington’s ambitions came in Buenos Aires during the G20, where Xi Jinping was clearly the most awaited guest, bringing in his wake investments and opportunities for cooperation and mutual benefit, as opposed to Washington’s sanctions and tariffs for its own benefit to the detriment of others. The key event of the summit was the dinner between Xi Jinping and Donald Trump that signalled Washington’s defeat in the trade war with Beijing. Donald Trump fired the first shot of the economic war, only to succumb just 12 months later with GM closing five plants and leaving 14,000 unemployed at home as Trump tweeted about his economic achievements.

    Trump was forced to suspend any new tariffs for a period of ninety days, with his Chinese counterpart intent on demonstrating how an economic war between the two greatest commercial powers had always been a pointless propagandistic exercise.

    Trump’s backtracking highlights Washington’s vulnerability to de-dollarization, the Achilles’ heel of US hegemony.

    The American-led world system is experiencing setbacks at every turn. The struggle between the Western elites seems to be reaching a boil, with Frau Merkel ever more isolated and seeing her 14-year political dominance as chancellor petering out. Macron seems to be vying for the honor of being the most unpopular French leader in history, provoking violent protests that have lasted now for weeks, involving every sector of the population. Macron will probably be able to survive this political storm, but his political future looks dire.

    The neocons/neoliberals have played one of the last cards available to them using the Ukrainian provocation, with Kiev only useful as the West’s cannon fodder against Russia. In Syria, with the conflict coming to a close and Turkey only able to look on even as it maintains a strong foothold in Idlib, Saudi Arabia, Israel and the United States are similarly unable to affect the course of the conflict. The latest Israeli aggression proved to be a humiliation for Tel Aviv and may have signalled a clear, possibly definitive warning from Moscow, Tehran and Damascus to all the forces in the region. The message seems to be that there is no longer any possibility of changing the course of the conflict in Syria, and every provocation from here on will be decisively slapped down. Idlib is going to be liberated and America’s illegal presence in the north of Syria will have to be dealt with at the right time.

    Ukraine’s provocation has only strengthened Russia’s military footprint in Crimea and reinforced Russia’s sovereign control over the region. Israel’s recent failure in Syria only highlights how the various interventions of the US, the UK, France and Turkey over the years have only obliged the imposition of an almost unparalleled A2AD space that severely limits the range of options available to Damascus’s opponents.

    The G20 also served to confirm Washington’s economic diminution commensurate with its military one in the face of an encroaching multipolar environment. The constant attempts to delegitimize the Trump administration by America’s elites, also declared an enemy by the European establishment, creates a picture of confusion in the West that benefits capitals like New Delhi, Moscow, Beijing and Tehran who offer instead stability, cooperation and dialogue.

    As stated in previous articles, the confusion reigning amongst the Western elites only accelerates the transition to a multipolar world, progressively eroding the military and economic power of the US.

  • EU Army? France Riot Control Vehicles Bearing EU Flag Stoke Fear, Confusion

    A strange sighting in France has the internet abuzz over whether the Macron administration deployed armored vehicles bearing the EU flag to perform riot control during Saturday’s Yellow Vest protests, stoking concerns over whether it’s the first sign of a much talked about EU Army.

    “rather than bearing the French Tricolore flag, the vehicles bore the distinct starred EU flag, which critics have said is a sign an EU Army is drawing closer to existence” –Daily Star

    The notion of an EU Army is not new – as both French President Emmanuel Macron and German Chancellor Angela Merkel have both floated the idea.

    In November, Merkel said “The days where we can unconditionally rely on others are gone,” adding “We should work on a vision to create a real European army one day.” 

    Stressing that such an army would not be “against NATO” but complement it, the chancellor also proposed a European Security Council with rotating seats for member states that would make speedy foreign policy decisions without the need for unanimity. –New York Times

    In early November, Macron told France’s Europe 1 Radio that Europeans cannot be protected without a “true, European army.” 

    “I believe in the project of a sovereign Europe,” said Macron, adding “We won’t protect Europe if we don’t decide to have a true European army. In front of Russia, which is at our borders and which can be threatening, I would like to start a security dialogue with Russia, which is a country I respect and which is European.”

    President Macron has already warned that Europeans can no longer rely on the US to defend them, and he revived the theme on Tuesday, in response to President Donald Trump’s decision to pull out of a 1987 nuclear treaty with Russia, banning medium-range ground-launched missiles.

    “Who is the main victim? Europe and its security,” he told French radio station Europe 1.

    “I want to build a real security dialogue with Russia, which is a country I respect, a European country – but we must have a Europe that can defend itself on its own without relying only on the United States.”

    Speaking about cyber security, he also said: “We have to protect ourselves with respect to China, Russia and even the United States of America.” –BBC

    So – was the riot control vehicle pictured with an EU flag the first sign of an EU army operating in France, or is there another explanation for the sighting?

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  • Dollar Slides After Goldman Capitulates, Pulls March Rate Hike Forecast

    For months, Goldman’s optimistic take on the economy drew raised eyebrows across both the sell and buyside, and nowhere more so than the bank’s forecast for 4 Fed rate hikes in 2019, a number that is even higher than the Fed’s own dot plot forecast which anticipates 3 rate hikes next year, not to mention the market’s own implied prediction of less than 1 rate hike in the coming year.

    Well, on Sunday night Goldman capitulated and in a note titled “The Ides of March” published late on Sunday by Jan Hatzius, the banks capitulated on its optimistic, and hawkish, projections, and now calls for less than a 50% probability of a rate hike in the March.

    How does Hatzius justify this long-overdue capitulation? It’s hardly the recent economic data, which while conceding that it has slowed down, Goldman notes that it has transitioned from “exceptionally strong to merely strong.”

    Relative to the turmoil in the financial markets, the economic numbers have been remarkably stable recently. Admittedly, jobless claims have risen and November payrolls fell somewhat short of expectations. But a report showing 155k new jobs and a decline in the (unrounded) unemployment rate to a new 48-year low of 3.67% is hardly weak in an absolute sense. Combined with the rebound in the November ISMs and firm consumer confidence readings, Friday’s report kept our current activity indicator (CAI) at 2.8% in November. This is down from a pace of 3.6% over the summer but still roughly 1 percentage point above the economy’s potential growth rate. In other words, our CAI implies that growth has transitioned from exceptionally strong to merely strong

    Hatzius also observes a similar softening in inflation data, even if not one in wage growth; even so, “the wage and price inflation misses have been relatively minor, and we expect an increase in nominal wage growth to the 3¼-3½% range as well as a pickup in core PCE inflation to 2.2% by the end of 2019.”

    However, while Hatizus refuses to admit a slowdown in either jobs or inflation, he notes that a “much more significant change is the sharp tightening in financial conditions.” As Hatzius adds, “for a variety of reasons—including an initial bout of concern about Chairman Powell’s “long way from neutral” remark, the inevitable slowing of GDP and profit growth from their exceptionally strong pace, and the broadening tension between the US and China—rising investor anxiety has pushed up our FCI by about 80bp since early October. If the FCI remains constant at its current level, we estimate that tighter financial conditions would take ¾-1pp off real GDP growth over the next year.”

    It is this tightening in financial conditions that Goldman finally admits “may lead to fewer rate hikes than seemed likely earlier” for one simple reason: “if the financial markets have already delivered greater restraint, the committee just doesn’t have as much work to do in pushing up the funds rate.”

    Fed officials tend to downplay this link in their public communication because they dislike the “Fed put” narrative, i.e. the simplistic idea that they let the stock market dictate monetary policy. Nevertheless, we think they do—and should—respond to the economic implications of material and sustained changes in financial conditions by adjusting the funds rate path.

    In other words, while the Fed downplays the “Fed put” narrative – according to Goldman – that’s all that really matters in the end. Thanks for clarifying… even though we are confident that JPM’s Marko Kolanovic will promptly brand this latest admission from Goldman as, drumroll, even more “fake and bad news.”

    So what are the practical implications for Goldman’s funds rate call?

    As Hatzius explains, despite the FCI tightening, recent Fed communications suggest that a hike in December is still very likely (in our view 90%). However, according to the Goldman chief economist, “the probability of a move in March has now fallen to slightly below 50%.”

    A decision to pause in March would also be consistent with the likelihood that tariff-related uncertainty will look particularly high around the end of the 90-day grace period on March 1.

    Yet even while admitting it was wrong, Goldman refuses to go all the way, and Hatzius hedges by saying that “this is a close call because there are still good arguments for a March hike, including a continued positive fiscal impulse that should keep growth above trend in Q1 even with tighter financial conditions, as well as a funds rate that remains at the very bottom end of the committee’s range of neutral rate estimates even after a December hike.”

    Additionally, Hatzius admits that there will be one easy way to test if Goldman is right in just two weeks: the bank’s forecast of no hike assumes that the median number of 2019 hikes in the December dot plot moves down from 3 to 2; So if the median instead stays at 3 hikes, “the probability of March would increase again” according to Goldman.

    Finally, despite Goldman’s capitulation on a March rate hike call, the bank still sneers at the market’s current pricing for the funds rate, which discounts less than one full hike in all of 2019. Why? Because in Goldman’s forecast, the economy continues to grow above trend for most of the year, the unemployment rate falls further below the Fed’s estimate of its longer-term level, wage and price inflation gradually move higher, and we see a return to quarterly hikes in June that last through the end of 2019.

    And here, out of nowhere, Goldman mentions rate cuts: just in case it is proven absolutely dead wrong and the Fed decides to start easing next year:

    By contrast, the likelihood of sizable rate cuts—which would probably coincide with a recession or at least a serious recession scare—remains quite low over the next year or two, in our view. Current growth momentum is good, the FCI tightening is material but far from devastating, and the two key historical recession drivers—financial imbalances and a serious overheating problem—are still not visible. We therefore think that the storm will pass and this will keep Fed officials on a normalization path, albeit a more tortuous one than up to now

    So what if any impact did Goldman’s rate call change have on the market? A quite profound one, because while equity futures were sliding and 10Y yields lower on the session, pushing the dollar index to session highs early in the overnight session, moments after Goldman’s note hit, the Bloomberg dollar index tumbled to session lows…

    … while the Euro spiked, largely as a result of the sharp repricing of Fed vs ECB rate hike odds in 2019, because one look at Euribor vs Eurodllar 2019 calendar spreads, shows that suddenly the odds of a rate hike by the ECB are higher than those in the US! In other words, after a violent repricing in the past month – largely thanks to Powell’s recent comments and continued disappointing economic data out of the US – the market now sees the ECB as more hawkish than the Fed in 2019.

  • Why Socialism Fails: Uganda Edition

    Authored by Andrew Moran via LibertyNation.com,

    Uganda was described as a “fairy tale” by Churchill, but it descended into chaos…

    Africa is the cradle of mankind, the mother to all human beings that have ever existed on this blue pearl of the cosmos. It’s a land rich in resources, sights enriched with beauty, and cultures that have influenced generations. But Mother Nature would have never envisioned that the continent would be the hotbed of brutality, bloodshed, and barbarism. These have been the primary themes for centuries, and they persist today, with large swaths of the continental population barely surviving.

    Most modern-day historians like to blame British colonialism and U.S. capitalism for the problems that plague the region. However, even dating back to the tribes of yesterday, researchers come across tales of sadism and savagery, like burying people alive and roasting flesh and bone as punishment.

    Africa has produced some of history’s worst tyrants, ranging from Zimbabwe’s Robert Mugabe to Sudan’s Omar al-Bashir to Somalia’s Siad Barre. But there was nobody as evil as Uganda’s Idi Amin.

    Because this despot and his regime’s destruction pale in comparison to that of other socialist atrocities, like Pol Pot’s Cambodia, Uganda’s flirtation with socialism and dictatorships is rarely discussed. But it doesn’t make it any less brutal for the victims of the madness of Idi Amin.

    Like other accounts of failed socialist experiments, Uganda was entrenched in a one-man conquest to seize absolute power, kill dissidents, and nationalize private industry. Unlike other socialist utopias, Ugandans did not resort to cannibalism – it was Amin himself who enjoyed the taste of human skin.

    Nationalization

    Shortly after his death in 2003, Amin’s physicians revealed that he was clinically insane, relying on anti-psychotic drugs just to get by. Considering the economic policies he instituted and the viciousness he employed, the dosage was ostensibly insufficient.

    While a traditional red tape central system to manage the economy was absent, the Amin government and his henchmen still adopted the mainstay of socialism: nationalizing the means of production.

    The dictator’s first act was to expel more than 80,000 South Asians and seize their assets, accusing these people of deceiving the country and stealing from natives. The policy was popular among the population, promising to return the nation to ethnic Ugandans, many of whom envied and resented successful foreigners.

    Idi Amin

    The second act was to expropriate private property, nationalize industry, and take over agriculture. The economy was already on the decline, but these socialist pursuits exacerbated the nation’s financial plight. As expected, sugar exports plunged, factories collapsed, and businesses and stores shuttered their doors because of mismanagement, abuse of power, a lack of maintenance, and full-blown neglect.

    When Amin and his henchmen were successful in exporting crops, the earnings were then used to buy weapons and luxury items for the military, including gold Rolex watches and Scotch whiskey. He believed this purchased permanent loyalty from his mercenaries, quoting the old African proverb: “A dog with a bone in its mouth can’t bite.”

    As the economy worsened, Amin believed he could solve the nation’s woes by printing more money. Expectedly, inflation topped 700% – toilet paper would cost two weeks’ wages.

    Ugandans never really got to experience the prosperity that was promised to them. Suffering from food shortages and a paucity of basic necessities, smuggling became rampant. Amin was so perturbed by this trend that he ordered his officers to shoot smugglers on sight, hoping to deter future heroes from trying to provide basic goods to the public.

    Frozen Heads

    To understand the mad leader’s time in office, you need to examine a dinner party he hosted. A year prior to the formal event, he ordered the killing of Brigadier Hussein Suleiman, the former army chief of staff who was appointed by his predecessor, Milton Obote. As the evening progressed, he brought out Suleiman’s frozen head and placed it proudly on the dinner table for the guests to admire.

    Many of Amin’s enemies were beaten to death with wrenches, sledgehammers, and other tools and had their heads chopped off and frozen. He eventually constructed a room designated for refrigerators that housed his vast collection of frozen heads. It was known as the “botanical room.”

    Amin had a thirst for blood and violence. This was life in Uganda from 1971 to 1979:

    • Prisoners in Mackindye, Naguru, and Maksero were forced to kill each other to save their own lives, only to later be killed by other inmates.

    • Human remains of dissidents, prisoners, and enemies of the state were dumped in rivers.

    • People whose last name started with “O” were slaughtered – “O” was common in the Acholi and Langi tribes.

    • Murders by security forces were secret and systematic.

    • He often ate the flesh of his human victims.

    His family also suffered the same fate as Amin’s victims. For instance, one of his wives – he had a harem of women with up to 35 kids – died in a botched abortion. To serve as a warning to his other spouses, he demanded that her limbs be removed and reattached with the legs at the shoulders and the arms at the pelvis.

    Amin’s anti-Semitism was also fierce, celebrating Adolf Hitler for killing six million Jews and accusing Israelis of not acting in the interest of the world.

    He died in 2003 when his family disconnected him from life support as he suffered from kidney failure. His death would have come a lot earlier. Former British Foreign Secretary David Owen revealed that he had considered ordering the assassination of the African despot because “his regime goes down in the scale of Pol Pot as one of the worst of all African regimes.”

    Idi Amin making white diplomats kneel before him

    Uganda Will Never Forget

    Venezuela will never forget Hugo Chavez and Nicolas Maduro. Cambodia will never forget Pol Pot. Romania will never forget Nicolae Ceausescu. Uganda, which remains rife with corruption and crime in 2018, will never forget Idi Amin.

    These men all share the same legacies of failed economics, disturbing behaviors, or grotesque pleasures. Those who romanticize socialism typically omit them from their praise of how wonderful this iniquitous ideology is. But peering through the past will yield a record of mass misery, torture, and anguish – the hallmarks of every socialist test in history.

    This brand of socialism is only responsible for the deaths of 300,000, a drop in the bucket compared to the millions in Mao’s China or Hitler’s Germany. It is still a tragedy that must be embedded in our minds when we begin to toy with socialism and all its subsidiaries. Kampala, Caracas, and Moscow, it’s all the same. Let’s not bring it to Washington, Ottawa, or London.

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Today’s News 9th December 2018

  • Why China Should Remove All Trade Tariffs

    Authored by Alasdair Macleod via GoldMoney.com,

    I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in tariffs. MAKE AMERICA RICH AGAIN

    @realDonaldTrump tweet 10:04EST, 4 December 2018

    It is widely understood by economists of most theoretical persuasions that trade tariffs are a bad idea, but President Trump has laid out his stall. The political class, prodded usually by the vested interests of crony capitalists, always fall for trade protectionism. President Trump’s tariff war is just the latest example that coincidently stretches back to the introduction of central banks. I shall address this coincidence later in this article.

    It also surprising that the Chinese leadership enters a tariff war when it professes to defend free trade. Perhaps it doesn’t fully understand why tariff-free trade matters, and like Trump, thinks that a trade surplus is simply a function of cheaper prices. This misconception confuses how trade balances arise with the profitability from lower costs in foreign jurisdictions. That is a different issue. China would be far better to respond to Trump’s tariffs by removing all theirs, and in effect challenging American corporations to see if they can capture market share in China against local manufacturers and service providers.

    What if they can? Well, China’s economy will benefit from obtaining goods and services someone else can provide better, freeing up economic resources for more efficient, appropriate and productive use. The underlying point is tariffs are a tax on both consumption and production inputs which impedes economic development. Tariffs are self-harm. We condemn teenagers self-harming, but not when governments do it.

    This article explains why China would benefit enormously from the abolition of its own tariffs, as would any country following tariff-free trade policies. The other side of this coin, escalating tariffs, is the highway to economic ruin. The first step in developing this argument is to remind us of the empirical evidence, the awful damage tariffs did to the global economy following the First World War, and the appalling financial and economic consequences when they culminated in America’s Smoot-Hawley Tariff Act of 1930.

    The histories of monetary inflation and tariffs are closely linked

    Expansion of both bank credit and the commercial bills market in America in the 1920s were an addition to the monetary and price inflation during the First World War. Despite cumulative monetary expansion, America managed to adhere to an exchangeable gold standard until 1933. Similarly, other countries that returned to a post-war gold standard (such as the United Kingdom) did so at pre-war rates of convertibility on massively expanded bases of circulating money. All had to eventually devalue. Other European currencies had simply collapsed by 1924.

    Money supply in the US increased 73% between 1913-1919, and wholesale prices doubled. In the UK, money supply increased by 144% and wholesale prices rose by 157%. It was from these elevated bases that the expansion of circulating money continued through the 1920s. While we tend to recall the economic advances from the spread of electric power and the manufacture of automobiles, we gloss over the substantial monetary imbalances. Monetary imbalances result in price imbalances, leading to politically unwelcome trade and capital flows. Governments and central banks attempt to smother the symptoms, which was the underlying reason behind the cooperation between Benjamin Strong at the Fed and Montague Norman at the Bank of England during that decade.

    In the First World War, production output was commandeered by governments, which had the effect of eliminating foreign competition. As international trade resumed in the post-war years, this was no longer the case, and businessmen were faced with foreign competitors whose cost bases were in rapidly depreciating currencies. Naturally, they agitated for tariffs to ring-fence their domestic markets. This led to the Emergency Tariff Act of 1921 in America, consolidated in the Fordney-McCumber Tariff of 1922. Foreign nations responded by increasing their own tariffs, and the contraction in international trade was a significant factor behind the currency collapses suffered by the beginning of 1924 in Austria, Bulgaria, Germany, Greece, Russia and Poland. And because the contraction of trade made it virtually impossible for these countries to pay off war debts to America, the supposed benefits of trade protection came at an enormous capital cost to America itself.

    In 1922 US import tariffs ranged from 7% to 68%, averaging 38%. While much of Europe was depressed following the War, by 1926 their economies and employment had recovered despite these tariffs, which had become insufficient protection for American businesses. In 1930, the Smoot-Hawley Tariff Act increased import tariffs across the board to an average of 60%.

    Given the history of American businessmen working with politicians towards trade protection, we should not be surprised to see Donald Trump, a businessman-president, reintroduce tariffs to protect American business. His tweeting says everything. His economic illiteracy and political motivation faithfully replicate those of Senator Smoot and Representative Hawley. Furthermore, the unwillingness to learn from history is depressingly familiar, and the outcome has become dismally predictable.

    In 1930, the reactions of the US’s trade partners, who followed Smoot-Hawley by increasing their protectionist tariffs as well, were equally predictable and economically illogical. Commodity prices had begun to fall in anticipation of the collapse in trade. This had a devastating effect on US farmers, who had been a core reason behind tariffs in all the debates on trade in Congress, even before the First World War.

    The US stockmarket crashed in late-1929 ahead of the first major vote on the Smoot-Hawley Act on 31 October. Traders could see which way it was going, and correctly anticipated the economic effects. Bizarrely, politicians put the stock market collapse down to a lack of business confidence that would be cured by a swift introduction of the Smoot-Hawley Act.

    Optimists might argue that the lessons of the 1920-1930s were the first time the negative effects of tariffs became obvious to politicians and the wider public, and therefore are unlikely to be repeated. Not so. In May 1930, a month after Smoot-Hawley was passed by Congress, a petition signed by over a thousand economists asked President Hoover to veto it. Today’s economic establishment is similarly united against tariffs, but if anything, President Trump is less open to persuasion on trade than was President Hoover.

    Today, stock markets seem poised on a cliff-edge while America targets China with tariffs. On Monday, there was a one-day relief rally in stockmarkets, reflecting the ninety-day postponement of new US tariffs against China. But stock prices did not hold and have begun what could turn out into a devastating financial panic, replicating the value-destruction on Wall Street in October 1929.

    The history of political inanity from ninety years ago suggests the love of tariffs is so deeply imbedded in the political class’s psyche that empirical evidence will be ignored. It insinuates that we are early in a continuing tariff war rather than nearing a settlement, and the economic consequences of trade policy are in danger of tipping us into a repeat of the Great Depression.

    We still have the tariff battle between the US and the EU ahead of us. That was put on ice while China was dealt with, and we can be certain that Trump will return to that subject in due course. The EU is itself highly protectionist, and therefore a red rag to Trump’s bull. We can only hope that escalating threats never materialise as action. But that is the hope born from despair. If it is left to politicians, tariffs will more likely only ratchet upwards.

    Farming and the money are different this time

    There were two significant differences between the 1920-1930 period and now which should be mentioned.

    The first was grain and farmland prices were further undermined by overproduction, due to the rapid adoption of mechanisation and new pesticides. The prices of all agricultural produce collapsed, impoverishing farmers around the world. The dust-bowl conditions of the 1930s did the rest to finish off farmers in North America.

    The second difference is in the money. The slump in demand for raw materials in the Great Depression led to a collapse in commodity prices, measured in dollars. At the time, so far as the public was concerned, dollars were gold substitutes, being exchangeable for gold at $20.67 to the ounce. Therefore, the collapse in prices reflected an increased purchasing power for gold, and the eventual policy response was to rescind dollar convertibility in 1933 and then to devalue it by 40% the following January.

    If we suffer a repeat of the trade-driven slump of the 1930s, it will be measured in the fiat currencies of today. At the least, we know central banks will offset any tendency for falling prices by inflating the money supply. That is already official policy. Monetary inflation will not resolve the underlying problems, only serving to conceal them. Central banks will attempt to achieve a Blondin-like wire-walking balance between the money quantity and price stability. This cannot be managed without raising both interest rates and the cost of borrowing for governments, and we must therefore conclude that a tariff-driven economic slump will threaten to undermine the dollar and all fiat currencies linked to it.

    Why trade imbalances have nothing to do with prices

    It is time to address the theory behind trade imbalances. We have seen the empirical evidence, that politicians are easily persuaded the excess of imports over exports is due to unfair competition. Even American corporations tend to locate their manufacturing in the cheapest locations to maximise their profits, and they will often close their operations in more expensive locations to reduce costs. This has riled President Trump when he complains about trade deficits. But the reason for trade imbalances has nothing to do with unpatriotic behaviour or price competition. It is endemic to fiat currencies.

    We can deduce that in a sound-money regime, that is to say one where payments are accepted in gold or fully-backed gold substitutes, trade imbalances can only be minor and temporary, because imports have to be paid for with inflexible real money, earned so it can be subsequently spent. Money and credit cannot be produced out of thin air to pay for imports. If a deficit on trade does arise, gold flows out and consequently domestic prices for goods will fall. Communities with higher prices will tend to buy from communities with the lower prices, and manufacturers will tend to sell to communities with higher prices.

    In this way, gold flowing between communities evens out each community’s preferences for gold relative to goods, and therefore both trade and prices self-adjust towards a common level.

    Armed with this certain knowledge, we can proceed to describe how trade imbalances arise in a fiat money regime. They depend on the relative rates of expansion of money and credit between one currency and another, because trade imbalances still have to be paid for, but always in today’s flexible, fiat money. This leads to the following identity in national income accounting:

    (Imports – Exports) @ (Investment – Savings) + (Government Spending – Taxes)

    In other words, a trade deficit is the net result of a shortfall in the combination of savings and budget deficits. More correctly it applies to both capital and goods without distinction and is captured in balance of payments (BOP) statistics. This is an important point, given the large quantities of money circulating within the global financial system that are not associated with trade settlements.

    Assuming we are considering a country with a BOP deficit, a shortfall of savings for investment is always made up by an expansion of money and bank credit. If capital inflows from abroad are involved, they will result in either the currency being provided by the central bank, or by an origination through prior or active expansion of bank credit. In any event, the central bank stands ready to ensure there is no net drain on money-markets through its management of both interest rates and its own balance sheet.

    Therefore, it is clear that under all circumstances the savings shortfall in the national accounting identity above must be made up by monetary expansion.

    Similarly, a budget shortfall can only lead to an expansion of money supply, usually involving the issuance of treasury bills or similar short-term instruments. When government bonds are issued, banks subscribe utilising their balance sheets. When non-financial entities and savers buy government bonds, they either divert net savings from private-sector investment (which is made good by monetary expansion as described above), or they increase their savings by reducing consumption. Reducing personal consumption in favour of saving requires higher interest rates, which are prevented by liquidity injections by the central bank.

    Furthermore, having raised funds, the government spends it, putting money back in public circulation. If it has drawn on savings, those savings are turned into government spending. If not, purchasers of government bonds have only one recourse, and that is to draw on monetary or credit expansion. Therefore, whichever way you look at it, a budget deficit expands the money quantity.

    A similar analysis applies to a nation with a BOP surplus. In this case, monetary expansion is less than the increase in savings, which is then reflected in a BOP surplus. Therefore, when considering trade imbalances, prices have nothing to do with it. Prices will only influence the source of supply, not the demand for it.

    Defining the origin of trade imbalances through the framework of national accounting is confirmed by looking at it from a different aspect. The division of labour tells us we make things and provide services in order to earn the money to buy the other things we need and to accumulate some savings. This is still true when we are the breadwinners in a family of others who do not work for money. It is also true of money earned and passed to others through charities and the agency of government. Unemployment benefits and welfare payments have to be earned by someone.

    This describes an economy where sound money is the temporary agent for converting production into consumption. Now let us assume that more money is introduced into the economy, not earned by anyone as described above, but produced out of thin air. Consequently, more money begins to chase the same quantity of goods.

    Naturally, the introduction of extra money will push up domestic prices. For a period of time imported goods will remain available at the old prices. The supply of these goods must come from countries less affected by inflation-fuelled demand. In practice, other countries inflate their currencies as well, so price differentials become a relative matter. Furthermore, some nations’ citizens habitually save more than others, and so long as the volume of their savings increases relative to their money supply, there will be goods and services available for export to other communities.

    Ignoring the true source of trade imbalances was a major flaw in Keynesian economics, leading to a myriad of other problems. The adoption of unsound money to cover budget and savings deficits is at the heart of it all. It is therefore no coincidence that these imbalances have increased hand-in-hand with the power of central banks. It seems extraordinary that despite some basic incontestable economic theory, Keynes envisaged doing away with savers altogether and for the state to provide the entrepreneurs with cheap capital. In this, Keynes was clearly a mathematician without a fundamental grasp of his own subject, otherwise he would not have denied the truth in the mathematical identity above. Instead, he decided to rubbish Say’s law, which defined the division of labour, and then ignore the consequences of the state management of economic outcomes with unsound money.

    The benefits of free trade

    It must be obvious in the light of reasoned economic theory that China is making a bad mistake by responding to Trump’s self-harm by self-harming as well. It’s not even worth getting into a dialog with madness, because all it encourages is more madness. Instead, China should remove all tariffs and let her consumers and businesses compete freely with foreigners.

    It was perhaps a radical idea, first promoted in Britain by David Ricardo, who demonstrated the benefits of comparative advantage (1817), then taken up by the Anti-Corn Law League with Richard Cobden and John Bright (1836-38). They persuaded Robert Peel, the Prime Minister at the time, of the merits of free trade. The result was the repeal of the Corn Laws (1846) making tariff-free trade the national policy in Britain thereafter.

    Consequently, Britain became the most powerful nation on the planet, despite its small size. Before the First World War, fully 80% of all shipping afloat had been built in Britain, with the Clyde, Belfast and the Tyne major shipbuilding centres. Britain did benefit from assembling an Empire with which to trade, but at the heart of this success was free trade.

    The Chinese should take note. They will have also witnessed the remarkable successes of Hong Kong and Singapore, following the Japanese surrender in 1945. Their success was entirely due to free markets enjoying tariff-free trade driven by their own diasporas, while governments declined to intervene. It is therefore illogical for China to play Trump at his game.

    Far better to let him destroy America’s potential through wrong-headed tariffs, exemplified by Trump’s tweet at the head of this article.

    After all, in the great game of geopolitics, through the destruction her enemies visit on themselves and by avoiding the same mistakes lies China’s quickest and most certain route to rapidly raising the living standards and wealth of her own people.

  • Jeff Bezos Earns More In 30 Seconds Than The Average Worker Makes In A Year

    Have you ever wondered how long it takes for the world’s wealthiest captains of industry to earn what you make in a year? For many, the reality is too depressing to fathom.

    But for any curious parties eager to learn the painful truth, ABC Finance has created a series of infographics that break down how much the world’s wealthiest people earn – and how it compares to the average salary for regular non-billionaire workers.

    While millions of Americans no doubt enjoyed some degree of schadenfreude watching the correction in FAANG stocks wipe out nearly $1 trillion of value from the largest US tech firms: Mark Zuckerberg alone has lost nearly $100 billion of his personal wealth since the beginning of 2018, and Amazon CEO Jeff Bezos has lost as much as $13 billion or more in a single day. But that doesn’t change the fact that the world’s billionaires enjoyed their highest-earning year on record in 2017 as their wealth increased by a combined $9 trillion.

    Facebook

    Helped by the asset-friendly policies of the world’s largest central banks, the wealthiest 1% of the world now owns nearly half the wealth. The 54 billionaires living in the 54 UK alone have an aggregate $160 billion in wealth, equivalent to over 6% of Britain’s GDP. Meanwhile, the average worker earns about $37,000 a year. Virgin CEO Richard Branson earns that amount in roughly 25 minutes.

    Branson

    Even more galling, Facebook CEO earns the same sum every 60 seconds. Bezos earns the same sum every 28 seconds.

    Facebook

    Here’s how the distribution of billionaires breaks down for every continent:

    Rich

    Curious to see how your own earnings stack up? ABC Finance has developed a comparison tool that can help determine how your wealth stacks up against the mega-rich.

  • Is Diplomacy A Waste Of Time With Washington?

    Authored by Stephen Lendman,

    The US is a serial lawbreaker, operating by its own rules, no others.

    Time and again, it flagrantly breaches international treaties, Security Council resolutions, and other rule of law principles, including its own Constitution.

    Diplomacy with Republicans and undemocratic Dems is an exercise in futility.

    Trump’s JCPOA pullout and threatened INF Treaty withdrawal show Washington can never be trusted.

    Russian Foreign Ministry spokeswoman Maria Zakharova’s proposed US outreach to discuss INF Treaty bilateral differences is well intended – despite knowing nothing is accomplished when talks with Washington are held, so why bother.

    It’s just a matter of time before the US breaches another promise. They’re hollow when made. Kremlin good intentions aren’t enough to overcome US duplicity and implacable hostility toward Russia.

    “We are ready to continue the dialogue in appropriate formats on the entire range of problems related to this document on the basis of professionalism and mutual respect, without putting forward unsubstantiated accusations and ultimatums. Our proposals are well known and remain on the negotiating table,” said Zakharova, adding:

    “We have admitted (US) documents for further consideration. This text again includes accusations in the form of unfounded and unsubstantiated information about Russia’s alleged violations of this deal.

    Comments to Washington like the above and similar remarks are like talking to a wall. The US demands all countries bend to its will, offering nothing in return but betrayal – especially in dealings with Russia, China, Iran, and other sovereign independent governments it seeks to replace with pro-Western puppet ones.

    Not a shred of evidence suggests Russia violated its INF Treaty obligations. The accusation is baseless like all others against the Kremlin.

    “No one has officially or by any other means handed over to Russia any files or facts, confirming that Russia breaches or does not comply with this deal,” Zakharova stressed, adding:

    “We again confirm our consistent position that the INF Treaty is one of the key pillars of strategic stability and international security.”

    It’s why the Trump regime intends abolishing it by pulling out. Strategic stability and international security defeat its agenda. Endless wars and chaos serve it.

    The US, UK, France, Israel, and their imperial partners get away with repeated international law breaches because the EU, UN, and rest of the world community lack backbone enough to challenge them. 

    It’s how it is no matter how egregious their actions, notably their endless wars of aggression, supporting the world’s worst tinpot pot despots, and failing to back the rights of persecuted Palestinians and other long-suffering people. 

    The only language Republicans and Dems understand is toughness. Putin pretends a Russian/US partnership exists to his discredit – a show of weakness, not strength and responsible leadership.

    In response to the Trump regime’s intention to withdraw from the INF Treaty, he said Russia will “react accordingly” – precisely what, he didn’t say.

    A few suggestions, Mr. President.

    • Recall your ambassador to Washington. Expel the Trump regime’s envoy from Moscow and other key embassy personnel.

    • Arrest US spies in Russia you long ago identified. Imprison them until the US releases all Russian political prisoners. Agree to swap US detainees for all of them, no exceptions.

    • Install enough S-400 air defense systems to cover all Syrian airspace. Warn Washington, Britain, France and Israel that their aircraft, missiles and other aerial activities in its airspace will be destroyed in flight unless permission from Damascus is gotten – clearly not forthcoming.

    • Publicly and repeatedly accuse the above countries of supporting the scourge of ISIS and likeminded terrorists they pretend to oppose.

    • Warn them in no uncertain terms that their aggression against the Syrian Arab Republic no longer will be tolerated. Tell them the same goes if they dare attack Iran.

    • Stop pretending Mohammad bin Salman didn’t order Jamal Khashoggi’s murder, along with ignoring the kingdom’s horrendous human rights abuses domestically and abroad – including support for ISIS and other terrorists.

    • Put observance of rule of law principles and honor above dirty business as usual with the kingdom and other despotic regimes for profits.

    • Do the right things at all times and damn the short-term consequences – including toughness on Washington, the UK, Israel, and their imperial partners in high crimes of war and against humanity.

  • China's Mass Detentions And Indoctrination Of Muslims Will Backfire Spectacularly

    In shocking testimony the State Department informed senators earlier this week that China has detained at least 800,000 Muslim minorities in internment camps, especially located in the north-western province of Xinjiang, which we’ve documented multiple times before. 

    Government social media post in April 2017 shows detainees in a camp in Hotan Prefecture, via Al-Jazeera/HRW

    “The U.S. government assesses that since April 2017, Chinese authorities have indefinitely detained at least 800,000 and possibly more than 2 million Uighurs, ethnic Khazakhs, and other members of Muslim minorities in internment camps,” Scott Busby, the deputy assistant secretary of State for democracy, human rights and labor, told a Senate Foreign Relations subcommittee on Tuesday. 

    Based on the sheer magnitude of the allegation — that China has “disappeared” people in numbers in the millions — one would think the headline would elicit wall-to-wall media coverage, but it hasn’t. “Reports suggest that most of those detained are not being charged with crimes and their families have little to no information about their whereabouts,” Busby testified.

    “Former detainees who have reached safety have spoken of relentless indoctrination and harsh conditions,” Busby told the committee. “For example, praying and other religious practices are forbidden.” He noted: “The apparent goal is to force detainees to renounce Islam and embrace the Chinese communist party.”

    But here’s the essential question no one is asking… could this backfire in spectacular fashion?

    Could China one day face even if years or decades from now  an uncontrollable and swelling militant Islamic insurgency seeking revenge on Communist Beijing? Could China’s brutal and unprecedented crackdown fuel the future rise of an Islamic State of Xinjiang?

    Chinese Muslim Uighurs, via Al-Jazeera

    East Asian affairs and Middle East expert Dr. James Dorsey previously argued in an investigative report issued once mass detention allegations became increasingly proven that China is perilously ignoring the lessons of history, which “risks letting a genie out of the bottle.” His full report is below. 

    * * * 

    A Chinese campaign to forcibly assimilate ethnic Uyghurs in its north-western province of Xinjiang in a bid to erase nationalist sentiment, counter militancy, and create an ‘Uyghur Islam with Chinese characteristics’ ignores lessons learnt not only from recent Chinese history but also the experience of others.

    The campaign, reminiscent of failed attempts to undermine Uyghur culture during the Cultural Revolution, involves the creation of a surveillance state of the future and the forced re-education of large numbers of Turkic Muslims. In what amounts to an attempt to square a circle, China is trying to reconcile the free flow of ideas inherent to open borders, trade and travel with an effort to fully control the hearts and minds of it population.

    In doing so, it is ignoring lessons of recent history, including the fallout of selective support for militants and of religion to neutralize nationalism that risks letting a genie out of the bottle. Recent history is littered with Chinese, US and Middle Eastern examples of the backfiring of government support of Islamists and/or militants.

    No example is more glaring than US, Saudi, Pakistani and Chinese support in the 1980s for militant Islamists who fought and ultimately forced the Soviet Union to withdraw from Afghanistan. The consequences of that support have reverberated across the globe ever since. Some analysts suggest that China at the time was aware of the radicalization of Uyghurs involved in the Afghan jihad and may have even condoned it.

    Thousands of Chinese Muslim extremists are currently in Idlib, Syria… what happens when they return? 

    Journalist John Cooley reported that China, in fact, had in cooperation with Pakistan trained and armed Uyghurs in Xinjiang as well as Pakistan to fight the Soviets in Afghanistan. The notion that Islam and/or Islamists could help governments counter their detractors was the flavour of the era of the 1970s and 1980s.

    Egyptian President Anwar Sadat saw the outlawed Muslim Brotherhood as an anti-dote to the left that was critical of both his economic liberalization and outreach to Israel that resulted in the first peace treaty with an Arab state. Saudi Arabia funded a four-decade long effort to promote ultra-conservative Sunni Muslim Islam and backed the Brotherhood and other Islamist forces that helped create the breeding ground for jihadism and wreaked havoc in countries like Pakistan.

    China’s experience with selective support of militancy and the use of religion to counter nationalist and/or other political forces is no different. China’s shielding from designation by the United Nations as a global terrorist of Masood Azhar complicates Pakistani efforts to counter militancy at home and evade blacklisting by an international anti-money laundering and terrorism finance watchdog.

    Mr. Azhar, a fighter in Afghanistan and an Islamic scholar who graduated from a Deobandi madrassah, Darul Uloom Islamia Binori Town in Karachi, the alma mater of numerous Pakistani militants, is believed to have been responsible for a 2016 attack on India’s Pathankot Air Force Station.

    Back in the 1980s, then Chinese leader Deng Xiaoping saw his belief that what China expert Justin Jon Rudelson called a “controlled revival” of religion would foster economic development and counter anti-government sentiment boomerang. The revival that enabled an ever larger number of Uyghurs to travel to Mecca via Pakistan for the haj made Saudi Arabia and the South Asian state influential players in Uyghur Islam. Uyghurs, wanting to perform the haj, frequently needed Pakistani contacts to act as their hosts to be able to obtain a Chinese exit visa.

    The opening, moreover, allowed Muslim donors to provide financial assistance to Xinjiang. Saudi Arabia capitalized on the opportunity as part of its global promotion of Sunni Muslim ultra-conservatism to put money into the building of mosques and establishment of madrassas.

    via CNN

    Receptivity for more conservatives forms of Islam, particularly in southern parts of Xinjiang that were closest to Central and South Asia, suggested that the closure of Xinjiang’s borders during the Sino-Soviet split in the 1950s and 1960s and the cultural revolution in the 1960s and 1970s had done little to persuade Uyghurs to focus their identity more on China than on Central Asia.

    In fact, the collapse of the Soviet Union and the emergence of independent states in Central Asia coupled with rising inequality rekindled Uyghur nationalism. The rise of militant Islamist and jihadist Uyghurs constituted in many ways a fusion of Soviet and Western-inspired secular nationalist ideas that originated in Central Asia with religious trends more popular in South Asia and the Gulf in an environment in which religious and ethnic identity were already inextricably interlinked.

    The juxtaposition, moreover, of exposure to more orthodox forms of Islam and enhanced communication also facilitated the introduction of Soviet concepts of national liberation, which China had similarly adhered to with its support for various liberation movements in the developing world. The exposure put Xinjiang Uyghurs in touch with nationalist Uyghur groups in Kazakhstan and Kyrgyzstan that fed on what political science PhD candidate Joshua Tschantret terms “ideology-feeding grievances.”

    Nationalists, dubbed ‘identity entrepreneurs’ by Gulf scholar Toby Matthiesen, built on the presence of some 100,000 Uyghurs who had fled to Central Asia in the late 1950s and early 1960 during Mao Zedong’s social and economic Great Leap Forward campaign that brutally sought to introduce industrialization and collectivization and the descendants of earlier migrations.

    With Pakistan’s political, economic and religious elite, ultimately seduced by Chinese economic opportunity and willing to turn a blind eye to developments in Xinjiang, Uyghurs in the South Asian country had little alternative but to drift towards the country’s militants. Militant madrassas yielded, however, to Pakistani government pressure to stop enrolling Uyghurs. The militants were eager to preserve tacit Chinese support for anti-Indian militants operating in Kashmir.

    A “re-education camp” near Kashgar, China from August 2018. Image source: Wall Street Journal

    Pakistan’s foremost Islamist party, Jamaat-e-Islami, went as far as signing in 2009 a memorandum of understanding with the Chinese communist party that pledged support for Beijing’s policy in Xinjiang. Despite eagerness to address Chinese concerns, Pakistan and China’s selective support of militants is likely to continue to offer radicalized Uyghurs opportunity.

    “Jihadis and other religious extremists will continue to benefit from the unwillingness of the military and the judiciary to target them as well as the temptation of politicians to benefit from their support,” said former Pakistani ambassador to the United States Husain Haqqani, discussing overall Pakistani policy rather than official attitudes towards the Uyghurs.

    Cultural anthropologist Sean R. Roberts noted that Central and South Asia became with the reopening of the borders in the second half of the 1980s “critical links between the inhabitants of Xinjiang and both the Islamic and Western worlds; and politically, they have become pivotal but contentious areas of support for the independence movement of Uyghurs.”

    The 1979 inauguration of the of the 1,300-kilometre-long Karakoram highway linking Kashgar in Xinjiang to Abbottabad in Pakistan, one of the highest paved roads in the world, served as a conduit for Saudi-inspired religious ultra-conservatism, particularly in southern Xinjiang as large numbers of Pakistanis and Uyghurs traversed the border.

    Pakistani traders doubled as laymen missionaries adding Islamic artefacts, including pictures of holy places, Qurans and other religious literature to their palette of goods at a time that Islamist fighters were riding high with their defeat of the Soviets in Afghanistan and the emergence of the Taliban. Increased religiosity became apparent in Xinjiang.

    Women donned veils in what was traditionally a more liberal land. Students of religion made their way to madrassas or religious seminaries in Pakistan where they came into contact with often Saudi-inspired Pakistani and Afghan militants – trends that China is trying to reverse with the construction of an Orwellian type surveillance state coupled with stepped-up repression and intimidation.

    “The cross-border linkages established by the Uyghurs through access provided by the highway, Beijing’s tacit consent to expand Uyghur travel and economic links with Pakistan through Reform Era policies, and Beijing’s explicit consent in supporting anti-Soviet operations – all prompted the radicalization of a portion of Xinjiang’s Uyghurs,” concluded China scholar Ziad Haider more than a decade ago.

    The process was fueled by the recruitment in the 1990s of Uyghur students in Pakistani madrassas by the Taliban and the Islamic Movement of Uzbekistan, both of which were linked to Al Qaeda. Some 22 Uyghurs captured by US forces in Afghanistan ended up in Guantanamo Bay.

    The eruption of protests in Xinjiang in the late 1990s and late 2000s against rising income differences and the influx of Han Chinese put an end to official endorsement of a religious revival that was increasingly seen by authorities as fueling nationalism and facilitating Islamists.

    Seemingly stubborn insistence on a Turkic and Muslim identity is likely one reason that China’s current assimilation drive comes as Xinjiang’s doors to its neighbors are being swung open even wider with the construction of new road and rail links as part of the People’s Republic’s infrastructure-centred Belt and Road initiative.

    Forced assimilation is designed to bolster China’s expectation that increased economic ties to South and Central Asia will contribute to development of its north-western province, giving Uyghurs a stake that they will not want to put at risk by adhering to nationalist or militant religious sentiment.

    The crackdown and forced assimilation is further intended to reduce the risk of a flow of ideas and influences through open borders needed for economic development and cementing Xinjiang into the framework of China’s infrastructure-driven Belt and Road initiatives that spans Eurasia

    The assimilation effort is enabled by China’s Great Fire Wall designed to wall the country off of free access to the Internet. In doing so, China hoped in Xinjiang to halt cultural exchanges with Central Asia such as political satire that could reinforce Uyghurs’ Turkic and Central Asian identity.

    The breadth of the more recent crackdown has complicated but not halted the underground flow of cultural products enabled by trade networks. Mr. Roberts noted as early as 2004 that Chinese efforts aiming to regulate rather than reshape or suppress Islam were backfiring.

    “Interest in the idea of establishing a Muslim state in Xinjiang has only increased with recent Chinese policies that serve to regulate the practice of Islam in the region,” Mr. Roberts said at the time.

  • Narnia Author Warned About Genetically-Edited Babies 74 Years Ago

    Authored by Meadow Clark via Daisy Luther’s Organic Prepper blog,

    C.S. Lewis, beloved author of The Lion, The Witch, and The Wardrobe had an important warning about genetically edited babies…and he said it 74 years ago – in 1944.

    The Internet is enraptured that science may have crossed yet another threshold: another gene-edited baby greets the world.

    The first genetically edited babies have already have been born.

    Yet many scientists are condemning the news that a Chinese scientist recently used CRISPR gene-editing technology on twin girl embryos to prevent them from potentially contracting HIV and AIDS viruses. Believe it or not, many countries including China and the United States do not allow genetic editing on babies because it could pass on untold consequences through the genetic line.

    Of course, there have been exceptions.

    Speaking at a genome summit in Hong Kong, scientist He Jiankui declared he was proud to alter the genes of twin girls so that they could not contract HIV.

    While his claims have not been verified, Jiankui says he created the “world’s first genetically edited babies” who were allegedly born this month.

    “It’s scary,” said Dr. Alexander Marson, a gene-editing expert at the University of California. Other scientists in the field are horrified as well, and He’s university, the Southern University of Science and Technology in Shenzhen said it will launch an investigation. He is on unpaid leave, but that doesn’t change the fact that genetically edited babies are here.

    “I feel a strong responsibility that it’s not just to make a first, but also make it an example,” He told the Associated Press“Society will decide what to do next.”

    UPDATE: The scientist in question has now gone missing adding a sordid twist to these developments.

    The idea of genetically edited babies is still so surreal, that it still seems the stuff of dystopian sci-fi books and futurist think tanks.

    No one would bat an eye if reading about genetically edited babies in a Philip K. Dick story or in the opening chapter of Aldous Huxley’s Brave New World. And especially not in futurist shows like Netflix’s Black Mirror where a girl is injected with a brain implant that blocks anything violent or emotionally upsetting from her vision; a permanent brain hack. Nothing out of place there.

    C.S. Lewis warned us about genetically edited babies in 1944.

    But in C.S. Lewis’ book The Abolition of Man, the topic is about keeping values in a modern society. It’s a highly debated book and is considered #7 of National Review’s top 100 non-fiction books of the 20th century.

    Thanks to writer Anne Holmquist, who compiled the following C.S. Lewis quotes in her article: “A 1944 Warning About Genetically Edited Babies.”

    She quotes The Abolition of Man, emphasis hers:

    Each generation exercises power over its successors: and each, in so far as it modifies the environment bequeathed to it and rebels against tradition, resists and limits the power of its predecessors. This modifies the picture which is sometimes painted of a progressive emancipation from tradition and a progressive control of natural processes resulting in a continual increase of human power. In reality, of course, if any one age really attains, by eugenics and scientific education, the power to make its descendants what it pleases, all men who live after it are the patients of that power. They are weaker, not stronger: for though we may have put wonderful machines in their hands we have pre-ordained how they are to use them.

    Lewis goes on to explain that a world that tosses aside values is just as bad for its predecessors as it is for its successors.

    Then, he shows a 74-year-old concern for “designer babies.”

    The final stage is come when Man by eugenics, by pre-natal conditioning, and by an education and propaganda based on a perfect applied psychology, has obtained control over himself. Human nature will be the last part of Nature to surrender to Man. The battle will then be won. We shall have ‘taken the thread of life out of the hand of Clotho’ and be henceforth free to make our species whatever we wish it to be. The battle will indeed be won.

    So, will humanity be able to thoughtfully wield this newfound power? Lewis writes,

    I am very doubtful whether history shows us one example of a man who, having stepped outside traditional morality and attained power, has used that power benevolently. I am inclined to think that the Conditioners will hate the conditioned.

    At the time of Lewis’s warning, scientists were experimenting with chimeras.

    Eugenics is nothing new. Eugenics societies were brazenly out in the open in 1920s America. Instead of dissolving, some of them simply rebranded themselves as “social biology.” Some of the cautionary, dystopian stories of the time may have been wrought straight from reality.

    Around the same time, there were mad scientists conducting chimera experiments on animals and humans. The idea was that by swapping body tissue, humans could gain new pep and longevity from the animals. Not only was this tortuous and fatal to countless numbers of animals, but humans too.

    Today, the controversy of human experimentation surrounds discarded embryos used for the purpose of gene-edited babies and also the uncertainty of their future and human lineage. All I can say is that this is hauntingly similar to the opening chapters of Brave New World where many of the cloned, lab-designed embryos are discarded casualties for the “greater good” if they end up mutated or don’t make it.

    Remember the 3-parent babies?

    In recent times, the idea of genetically edited babies is not new. They are still being “created” in the UK using a controversial method.

    Scientists created babies with three parents for the purpose of allowing women with genetic disorders to have children that wouldn’t die from a fatal genetic disorder. They’d fertilize the mother’s egg with the father’s sperm and also a donor egg with the father’s sperm. In a technique called pronuclear transfer, they’d remove and discard the nucleus of the donor’s fertilized egg and transfer the nucleus of the mother’s egg into the donor egg.

    A Jordanian couple refused that method so the scientist did the same process except with the unfertilized eggs, called spindle nuclear transfer.

    The embryologist performing these techniques said “to save lives is the ethical thing to do,” but he purposely conducted this experiment in Mexico where “there are no rules,” his words. Others have pointed out that out of five experimental embryos, only one developed normally.

    Some people worry about a slippery slope where there will be designer babies that can be picked based on features and IQ.

    Actually, that slope has already slipped.

    This is what one of the mothers of the 3-parent baby told NPR about using another mother’s DNA:

    “I knew that that tiny little bit of DNA is not responsible for such crucial stuff as your eyes color, your hair, your character and all[the]other important stuff,” she says of the donor’s DNA. It seemed, she says, “not very important for [the] child’s appearance and his character, his mentality.”

    Additionally, the embryos were all forced to be boys so as not to pass on the gene problem. That’s a predetermined design. On the other hand, one of the babies is a girl which violates the original rules and…hey, who is supervising all this stuff anyway?

    Could gene editing one day be required?

    In growing our survival and prepping skills it’s best that we don’t lose sight of the world we are leaving to our future children. It’s important to speak up if something is wrong and continue pointing it out even if the plan goes forward, and even if we are ridiculed.

    After all, what could be more disempowering than to have your very genetic makeup altered in an experiment without any say at all? Or, how would it feel to be a discarded experiment? And lastly, how would it feel to be compelled not to pass your “defective” genes on to a child.

    Just like in the movie Gattaca.

    Just like in 1920s America.

    As it’s been repeatedly admitted, it’s not a life-saving technique, it’s yet another social experiment on humans. Will we even recognize humanity in 30 years?

  • Incoming House Judiciary Chair Planning To End Probe Into FBI, DOJ

    During a break during former FBI Director James Comey’s heated closed-door testimony on Capitol Hill on Friday, incoming House Judiciary Chairman Jerry Nadler confirmed to reporters what many had already suspected: That Nadler (and probably his fellow Democratic leaders) would put the kibosh on the House’s investigation into alleged political bias at the highest levels of the FBI and DOJ as they launched an investigation into the Trump campaign – an investigation that eventually morphed into the Mueller probe.

    While Democrats prepare to ramp up investigations into everything from Trump’s “war on the media” to his involvement in his family business, Nadler told a group of reporters that he intends to end the House Judiciary Committee’s involvement in the Congressional probe as soon as he takes the reins next year.

    Nadler

    Asked why he intends to end the committee’s involvement in the probe, Nadler responded that “it was a waste of time to begin with” and a “distraction” from the real-wrong doing here – that is, lawbreaking committed by Republicans, according to the Hill.

    “Yes, because it is a waste of time to start with,” Nadler said in response to a question about whether he would end the probe. Nadler characterized the Republican investigation as a political sideshow that aims to distract from special counsel Robert Mueller’s investigation into possible ties between the Trump campaign and Russia.

    “The entire purpose of this investigation is to be a diversion of the real investigation, which is Mueller. There is no evidence of bias at the FBI and this other nonsense they are talking about,” he continued.

    If the House investigation into suspected FBI malfeasance is just a “sideshow”, as Nadler claims, how would he explain the fact that the FBI knew the allegations contained in the Steele dossier – the linchpin of the FBI’s FISA warrant application that kicked off the Russia probe in earnest – were bogus before applying for surveillance? Or the many conflicts of interest between senior FBI officials involved with the probe (Andrew McCabe, Bruce Ohr, Peter Strzok, and, yes, Comey himself) – or the fact that McCabe was fired following after the DOJ’s inspector general confirmed that McCabe had lied under oath to try and conceal the fact that he told an FBI spokesman to leak a story about the FBI’s investigation into the Clinton Foundation just days before the election. McCabe could still face criminal charges from his lies. But Congress’s attempt to hold the FBI accountable is just a “distraction?”

    But Nadler doesn’t have the power to end the investigation – which also involves the House Intelligence Committee – just yet. And before he takes control, Republicans are hoping to interview a few more people, including former attorney general Loretta Lynch.

    Nadler then practiced some deflection himself by changing the subject to Acting Attorney General Matthew Whitaker.

    “The real question now is Whitaker, [who] is still the acting attorney general,” Nadler said.

    Nadler also said he has “lots of questions” for Whitaker, whom Democrats have branded as an illegitimate usurper who is conspiring to end the Mueller probe (despite taking zero steps to actually impede Mueller’s investigation).

    But what’s wrong with a little deflection (so long as it serves your political purposes, that is)?

  • These 11 Companies Control Everything You Buy

    Via WikiBuy.com,

    Is freedom of choice an illusion?

    The rapid rise of variation in everyday goods and services, from which cereal we eat in the morning to which toothpaste we brush our teeth with at night, gives the perception of unlimited choice. For example, if you’re deciding which bottled water to buy, the possibilities range from budget brands, like Deer Park or Ozarka, to higher-end options, like Perrier or S. Pellegrino. But this appearance of choice is actually manufactured. All of the aforementioned brands are owned by one company: Nestle.

    Despite the amount of choices in the consumer market, several big companies own a large majority of major brands, effectively controlling everything you buy.

    So, how much of “choice” is really controlled by big business, and how well do Americans understand which corporations have a stake in the goods and services they rely on every day? To find out, we took an in-depth look at the major companies that own a majority of America’s food and consumer goods. Then, we surveyed 3,000 Americans about their understanding of which big businesses own which major brands. Check out our full visual below, or skip ahead to see our survey findings.

    These 11 Consumer Goods and Food Companies Control What You Buy

    Ceiling-high grocery store shelves may give the perception of endless options, but a closer look at the brands and the companies that own them reveal a complex interconnection. Check out our full visual above to get a better sense of just how intertwined some brands are, and read on to learn more about how well Americans understand this relationship.

    Major players

    Kellogg’s

    Founded: 1906 (as Battle Creek Toasted Corn Flake Company)

    2017 revenue: $12.93 billion USD

    Major brands: Cheez-It, Eggo, Famous Amos, Keebler, Town House

    General Mills

    Founded: 1928

    2017 revenue: $15.62 billion USD

    Major brands: Betty Crocker, Bisquick, Gold Medal, Cheerios, Chex

    Kraft-Heinz Company

    Founded: 2015 (merger between Kraft Foods Inc. and Heinz)

    2017 revenue: $18.22 billion

    Major brands: Heinz Ketchup, Kraft Mac & Cheese, Lunchables, Maxwell

    Mondelez International

    Founded: 2012 (spin-off of Kraft Foods Inc.)

    2017 revenue: $25.9 billion

    Major brands: Cadbury, Chips Ahoy!, Nabisco, Oreo

    MARS

    Founded: 1911

    2017 revenue: $35 billion

    Major brands: M&Ms, Snickers, Dove, Uncle Ben’s

    Coca-Cola

    Founded: 1892

    2017 revenue: $35.41 billion

    Major brands: Coca-Cola, Minute Maid, Glaceau

    Unilever

    Founded: 1929

    2017 revenue: $62.62 billion

    Major brands: Ben & Jerry’s, Klondike, Popsicle, Degree, Vaseline

    Procter & Gamble

    Founded: 1837

    2017 revenue: $65.06 billion

    Major brands: Pampers, Tide, Downy, Charmin, Gillette, Crest

    PepsiCo

    Founded: 1898

    2017 revenue: $65.53 billion

    Major brands: Pepsi, Frito-Lay, Quaker, Tropicana

    Johnson & Johnson

    Founded: 1886

    2017 revenue: $76.45 billion

    Major acquisitions: Aveeno, Clean & Clear, Band-Aid, Tylenol

    Nestle

    Founded: 1866

    2017 revenue: $89.79 billion

    Major brands: Toll House, Gerber, Poland Spring, Stouffer’s

    Do Americans Know Which Major Companies Own Which Brands?

    To get a better sense of whether Americans understand how the products they buy are influenced by big business, we surveyed 3,000 people about the different brands and their owners.

    Major takeaways include:

    • Americans can’t correctly identify the owners of major brands. The majority of Americans were unable to choose the correct owner for each brand in every instance.

    • Half of Americans are influenced by organic-sounding companies. Nearly half of respondents believed that Annie’s Homegrown and Kashi were owned by companies with organic/health-focused names.

    • 54% of Americans think Honest Tea is owned by a tea company. A combined 54% of respondents chose Nestle or Lipton as the owner of Honest Tea, a Coca-Cola beverage.

    Americans Can’t Correctly Identify the Owners of Major Brands

    Across the board, Americans were unable to correctly identify the correct owners of major brands. Respondents came closest with Kashi, which 48 percent correctly identified as owned by Kellogg’s. Only 30 percent of respondents selected Coca-Cola as the correct owner of Honest Tea, and just 27 percent of respondents correctly chose General Mills as the owner of Annie’s Homegrown.

    Kashi

    Honest Tea

    Annie’s Homegrown

    Nearly Half of Americans Think Health-Focused Brands Are Owned by Organic-Sounding Companies

    In a result that shows the power of marketing, our study found that the majority of consumers believe brands marketed as health-conscious are owned by companies with a healthy or organic-sounding name.

    For example, a combined 54 percent of Americans believe that Annie’s Homegrown, which touts itself as selling “nourishing foods that are good for the planet,” is owned by either Organic Valley (32 percent) or Nature’s Path (22 percent).

    Neither Organic Valley or Nature’s Path are run by conventional food companies: Organic Valley is comprised of an independent cooperative of organic farmers and Nature’s Path is family owned. Annie’s, however, is owned by food company General Mills, a fact that only 27 percent of respondents correctly identified.

    Similarly, a combined 42 percent of Americans think Kashi, a food brand that promotes “simple, natural ingredients,” is owned by either Bear Naked (a granola brand owned by Kellogg’s) or Cascadian Farm (an organic brand owned by General Mills). A little less than half of respondents, 48 percent, correctly identified Kellogg’s as the owner of the Kashi brand.

    54% of Americans Think Honest Tea is Owned by a Tea Company

    A combined 54 percent of respondents believe that Honest Tea, which describes itself as offering “truly healthy, organic beverages,” is owned by a tea company. Nestle, owner of Nestea, was chosen by 28 percent of respondents and Lipton, a British brand of tea owned by Unilever, was chosen by 26 percent. Only 30 percent of respondents correctly chose the Coca-Cola company as the brand’s owner.

    Other Major Industries Controlled by Mega Corporations

    Consumer goods brands aren’t the only ones controlled by major companies. There are a number of industries where major conglomerates own various brands, from media and movies studios to high-end beauty and luxury fashion.

    So, do American consumers really have freedom of choice? With 11 billion-dollar consumer good and food companies controlling over 400 major brands, we may not have that many choices — but we certainly have the illusion of them.

  • "We Don't Think It's Time To Panic Yet" As Heavy-Duty Truck Orders Plummet

    One of the charts that has kept deflationists asleep at night for the past two years and provided cover to the Fed it its tightening strategy was the one below showing the exponential surge in transportation prices as a result of an acute scarcity of truck drivers which has sent trucking prices soaring, and led to a historic spike in Class 8 truck orders as supply scrambles to keep up with demand (much of which is the result of businesses rushing to front-load trade ahead of even higher tariffs with China).

    And yet, all good – or bad, depending on your perception – things come to an end, and last week ACT Research reported November preliminary North American Class 8 orders of 27.9K units (26.8K, seasonally adjusted), which was well below most forecasts heading into the release.

    The total number of orders was down 14.5% from the same month a year ago and off 35.9% from October, when orders reached 43,600. It was the first drop in Class 8 orders this year, falling to the lowest level in 14 months and providing a fresh sign the North American trucking market is cooling down.

    As a result, after 13 consecutive months of 30K-plus orders, the streak finally came to an end in November whose decline capped a more than a year-long run of historic growth in manufacturers’ orders that came as U.S. companies scrambled to find the freight capacity to meet surging economic demand and trucking companies raced to get new trucks on the road.

    “Truck demand has peaked and will start to wane,” said Steve Tam, vice president for ACT.

    Commenting on the unexpected sharp drop, BMO analyst Joel Tiss said that while “there is no doubt that freight and freight-rate growth have slowed we do not think that it is time to panic just yet.

     

    To be sure, with Class 8 backlog still above 300K units, approximately 10 months of production is already spoken for. Furthermore, the recent buying spree produced 468,600 new truck orders in the first 11 months of this year, 81% more than the same period in 2017, translating to a 511.2K annual rate. The frenzied production has pushed backlogs at truck-equipment makers like Paccar, Navistar and engine maker Cummins deep into next year.

    According to BMO, the prevailing thought is that dealers have been preparing for strong vehicle demand in 2019: “We believe that, as manufacturers’ available build slots become further extended, it is putting pressure on customers to lock-in 2019 availability” BMO’s Tiss said, however as he countered, “after the recent string of record order months, it is reasonable that November orders cooled.”

    “The slowdown was inevitable,” ACT’s  Tam said, and sure enough the broader freight trucking market also is slowing.

    Don Ake, vice president at freight-equipment research group FTR, said fleets are taking “a breather after an unprecedented five-month period.” FTR estimated November orders for new Class 8 trucks at 27,500.

    Indeed, demand declined at a double-digit percentage pace in November from a year ago for van, flatbed and refrigerated trucks, according to online freight marketplace DAT Solutions LLC.

    Yet what is surprising, is that the months of October through December typically are among the strongest for new big-rig orders, Ake said, but it appears seasonal patterns were turned around as fleets pulled forward their orders to frontrun the escalation in the US trade war with China. “It’s flipping the thing on its head,” he said.

    What happens next?

    According to BMO, one of the most important metrics to monitor will be cancellations. And although gross cancellations have risen relatively precipitously, the cancellation rate as a percentage of trailing 12-month orders remains slightly below 10%. In addition, the cancellation rate as a percent of the backlog reached 3.5% last month, not much higher than the average rate of 2.4%.

    That said, investors have certainly taken notice of the uptick in cancellations, sending trucking stocks sharply lower in recent weeks; yet while it is certainly not a positive, the numbers may not tell the whole picture according to BMO which remains optimistic on the sector: “It is likely that customers have been switching build slots given how far out orders are being placed, which can count toward cancellations. In addition, we have heard from OEMs that stricter cancellation policies are being enforced compared with previous cycles.”

    Not everyone is as upbeat: last week UBS analysts downgraded trucking bellwethers Knight-Swift and Werner Enterprises and truck-rail intermodal provider Hub Group on concern over a softening freight market. “The peak season tightening we had anticipated in late October and November has been more muted than we expected.”

    The silver linined, according to ACT’s Tam, is that slowing demand for trucking services and new rigs will enable capacity to stretch to meet demand. “The number of trucks out there in the fleet will start to normalize and return to a balanced state, which is really where things run well,” he said.

    Perhaps this optimistic view is warranted, although a far bigger risk is what happens to end demand for heavy duty trucks if trade between the US and China is indeed about to hit a brick wall. As we noted earlier today, the latest Chinese trade data was downright ugly, with growth tumbling to the lowest level in over a year, and missing expectations widely, while Chinese imports from the US finally collapsed, dropping 25% in November Y/Y.

    And with the comparable plunge in Chinese exports to the US only a matter of time, BMO’s assessment that “it’s not time to panic just yet” may prove to have been painfully optimistic in just a few months time.

  • The West Slips Down Another Step

    Authored by Patrick Armstrong via The Strategic Culture Foundation,

    There is much on the Internet these days about documents allegedly hacked by Anonymous; these documents belong to the “Integrity Initiative” and describe a multi-country effort, funded by London and Washington, to counter “Russian propaganda” and “fake news”. Since the initial story broke, a good deal of confusion has been laid down: Wikileaks is doubtful, and Anonymous itself is being evasive. On the other hand, Integrity Initiative doesn’t entirely deny.

    But even if entirely false, they would be in that curious category of “fake but true”: Integrity Initiative does actually exist and here is its website. It is certainly engaged in anti-Russia propaganda. It publishes articles locking the barn door after the horses have escaped: yes, “Novichok” is terribly deadly but that doesn’t mean it will kill you. But, if it isn’t strong enough to kill you today, it may be strong enough to kill someone four months later. Its most memorable statement is surely this:

    The Kremlin has invested more operational thought, intent and resource in disinformation, in Europe and elsewhere in the democratic world, than any other single player.

    A statement that would stun anyone who’s ever been in a hotel and gone channel cruising: RT’s in there somewhere along with CNN, MSNBC, Fox, BBC, DW, France Télévisions, Rai and so on. A tiny voice in a bellowing crowd. But, after all, these are the people who tell us that Russia affected the US election with one FB message per 400 million others.

    The Integrity Initiative is one of many. We had, and still have, the Legatum Institute which worried about “Russian disinformation” back in 2013, a pair of British thinktankers two years later also worried about “Russia’s information warfare in the UK“. Then it was time for “hybrid war“, a supposed Russian invention. The so-called intelligence assessment (of “all 17 agencies“, but actually a hand-picked group from only three, one of which only had “moderate confidence”) on Russian hacking devoted nearly half its space to a four-year old rant about RT!

    Such an obsession with RT and Sputnik! How many eyeballs do they reach? Not that many by all evidence. We’re talking small – not 1/413,000,000th small – but small. A good deal less than the BBC alone. Amazing! But the West bravely marshals its feeble power against the colossus of RT and creates the British Army’s “77th Brigade” of Twitter commandos, the US has its soldiers at Fort Bragg trolling away, NATO’s Centre of Excellence in Tallinn pumps it out and now the Integrity Initiative extrudes copy. Even little Canada has got into the act. Then we have the so-called independent think tanks busy creating “objective” “impartial” “scholarly” expliqués of the Russian threat. Some of these are nothing but beards for the arms industry. An example is CEPA (“a tax-exempt, non-profit, non-partisan, public policy research institute”) supported by, inter alia, the US Mission to NATO, NATO Public Diplomacy Division, US Naval Postgraduate School, US Department of Defense, US Department of State, Lockheed Martin Corporation, Raytheon Company, European Defense Agency, Chevron Corporation, Bell Helicopter, Textron Systems and BAE Systems. Its “non-partisan” reports tell us Russia is sowing chaos, that we must defend the “Sulwaki Corridor”, Nord Stream is a bad idea and so on. You may not have noticed Moscow’s hand in Catalonian separatism, but they have. All very predictable and just the sort of thing a company making big weapons wants out there to buttress its sales pitch. Bearded guys in turbans and sandals with IEDs are not big business; Russians in tanks are. A rather curious idea of “non-partisan”.

    But, despite this, we’re supposed to believe that RT and Sputnik have awesome powers and that one little tweet from a Russian bot has an overwhelming effect against which these “non-partisan” outfits have a tough struggle. An intelligent child can see the nonsense.

    But enough sarcasm, this isn’t funny: it’s actually very serious. Apart from the dangers of building up war fever against a power that could obliterate the West, it’s a telling indication of the decline of the West. And so triumphant and so confident only two decades ago!

    In the Cold War Moscow’s sin was that it was actively trying to overthrow us and send those of us it didn’t shoot to the GuLag. Today its crime is contumacy: it persistently refuses to accept the blame that the West puts on it.

    But neither do many of us. So, if you, as I do, think that the Western version of the MH17 story is a bit fishy, doubt that Assad is dumb enough to do the one thing that would invite Western missiles, regard Whitehall’s Skripal story as laughably incoherent, doubt that Litvinenko could write a perfect English sentence, find it absurd to assume that Putin kills people by such easily noticed means, know that there were Russian troops in Crimea all along, notice that the White Helmets have received millions yet can only afford dust masks and flip flops, had heard of the Crimean Tatars before, notice that NATO has expanded up to Russia’s borders and not the other way around, know something about Ossetian-Georgian relations, know what the Ukrainian Constitution says about getting rid of presidents, remember Nuland’s telephone call, can remember all the people falsely demonised by the Western propaganda machine… If you dare to think those thoughts, these people will call you a victim of (or accomplice in) Russian disinformation and say you need re-education. Certainly they don’t want you to be heard.

    Of course no one is calling for the end of freedom of speech, just a shutting down of “fake news”. Social media is doing its best to do so, advised by such “impartial” organisations, in the case of Facebook, as the Atlantic Council. Which is funded by, well, many of the same organisations as CEPA, but with more foreign governments and oil companies. Lockheed Martin, Raytheon, Northrup Grumman, United Technologies, Boeing: they’re not interested in funding a venue for people who question the Russian threat meme, are they?

    Once upon a time truth was considered to be the best defence. In the Cold War there was little effort to silence Soviet propaganda. Anybody could listen to Radio Moscow, read Soviet newspapers or anything else. Most countries had a legal communist party working, under Moscow’s strict control, for a communist takeover and pumping out propaganda as hard as it could. Innumerable front groups pushed communist and Soviet policy under a variety of covers. We didn’t worry too much: truth was the best defence. But the USSR did worry and it spent enormous efforts jamming Western broadcasts. A child could figure it out: the side that’s blocking the other side is afraid of the truth, it’s afraid of dissent, it’s afraid of freedom.

    Twenty years ago most Russians would have agreed that Pravda & Co were lying both about the USSR and about the West. But not any more: read what Margarita Simonyan, the head of the dreaded RT, says: “Лет пятьдесят – тайно и явно – мы хотели жить как вы, а больше не хотим” (“For fifty years, secretly and openly, we wanted to live like you, but not any longer“). Reflect on what produced this contemporary Russian bittersweet joke: “Pravda lied to us about the USSR, but it told the truth about the West”.

    So, in the end, Russians didn’t “drink the Kool-aid”. Willing once to believe, they believe no more. And that is Russia’s sin. It’s not bolsheviks lusting for blood, with nooses in their hands, charging down Park Lane and Wall Street these days, it’s Russians stubbornly being Russian. And that is unforgivable to a West that has lost the confidence that its positions stand strong and unaided.

    Which it has. Why else these attempts to manipulate public opinion and block disagreement? It is, in a word, Soviet behaviour. The side that’s mostly telling the truth isn’t afraid of the other side’s lies. Again, a child could figure it out.

    What they are telling us (forget all that Magna Carta, freedom of speech and thought, European Values stuff they were boasting about a few years ago) is this:

    We don’t trust you to make up your mind, so we’ll do it for you.

    Accept, Believe, Repeat. It’s a big slip down the slope.

    Remember the notion, popular at one time, that the Soviets and the West would converge? Well, maybe they did and just kept moving past each other. Soon we’ll be fully Soviet in our response to Big Brother: believe the opposite, read between the lines, notice what you’re not being told.

    But the “Russia information war” pays good money for people who can say with a straight face: “Novichok is deadly except when it isn’t” or “Our intelligence agencies rely on Bellingcat to tell them what’s going on” or “Assad gasses civilians when he’s winning because he likes being bombed” or “Putin kills all his enemies except the ones who are telling you he does” or “the Panama Papers prove Putin’s corruption even though his name isn’t mentioned” or, indeed, “Russia swung the US election with a trivial number of social media posts”. Oh, and RT is rotting our minds. Even if no one you know has ever watched it.

    They are paid to believe what they believe to be paid.

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Today’s News 8th December 2018

  • Macron Heralds The End Of The Union

    Authored by Raul Ilargi Meijer via The Automatic Earth blog,

    The concept of the EU might have worked, but still only might have, if a neverending economic boom could have been manufactured to guide it on its way. But there was never going to be such a boom. Or perhaps if the spoils that were available in boom times and bust had been spread out among nations rich and poor and citizens rich and poor a little more equally, that concept might still have carried the days.

    Then again, its demise was obvious from well before the Union was ever signed into existence, in the philosophies, deliberations and meetings that paved its way in the era after a second world war in two score years fought largely on the European continent.

    In hindsight, it is hard to comprehend how it’s possible that those who met and deliberated to found the Union, in and of itself a beneficial task at least on the surface in the wake of the blood of so many millions shed, were not wiser, smarter, less greedy, less driven by sociopath design and methods. It was never the goal that missed its own target or went awry, it was the execution.

    Still, no matter how much we may dream, how much some of the well-meaning ‘founding fathers’ of the Union may have dreamt, without that everlasting economic boom it never stood a chance. The Union was only ever going to be tolerated, accepted, embraced by its citizens if they could feel and see tangible benefits in their daily lives of surrendering parts of their own decision making powers, and the sovereignty of their nations.

    There are 28 countries in the Union at this point, and one of them is already preparing to leave. There are 28 different cultures too, and almost as many languages. It was always going to be an uphill struggle, a hill far too steep for mere greed to master and conquer. History soaked Europe in far too much diversity through the ages for that. To unify all the thousands of years of beauty and darkness, of creativity and annihilation, of love and hatred, passed on through the generations, a lot more than a naked and bland lust for wealth, power and shiny objects was needed.

    And sure, maybe it just happened on the way, in the moments when everyone was making new friends and not watching their backs for a moment. But they all still should have seen it coming, because of those same thousands of years that culminated in where they found themselves. The European Union is like a wedding and marriage without a prenup, where partners are too afraid to offend each other to do what would make them not regret the ceremony later.

    Today, there are far too few of the 28 EU countries that have been lifted out of their poverty and other conditions that made them want to join the Union. And within many of the countries, there are way too many people who are, and feel, left behind. While Brussels has become a bastion of power that none of the disadvantaged feel they can properly address with their grievances.

    The main fault of the EU is that the biggest party at the table always in the end, when things get serious, gets its way. The 80 million or so people of Germany de facto rule the 500 million of the Union, or you know, the three handfuls that rule Germany. No important decision can or will ever be taken that Berlin does not agree with. Angela Merkel has been the CEO of Europe Inc. since November 22 2005, gathering more power as time went by. That was never going to work unless she made everyone richer. Ask the Greeks about that one.

    Merkel was the leader of both Germany and of Europe, and when things got precarious, she chose to let German interests prevail above Italian or Greek ones. That’s the fundamental flaw and failure of the Union in a nutshell. All other things, the Greek crisis, Salvini, Macron, Brexit, are mere consequences of that flaw. In absence of a forever economic boom, there is nothing left to fall back on.

    Traditional right/left parties have been destroyed all across Europe in recent national elections. And it’s those traditional parties that still largely hold power in Brussels. As much as anyone except Germany and perhaps the European Commission hold any power at all. The shifts that happened in the political spectrum of many countries is not yet reflected in the European Parliament. But there are European elections in less than 6 months, May 23-26 2019.

    About a quarter of the votes in the last such election, in 2014, went to euroskeptic parties. It’s not a terrible stretch of the imagination to presume that they’ll get half of the votes this time. Then we’ll have half or more of representatives speaking for people who don’t have faith in what they represent.

    And on the other hand you have the Brussels elite, who continue to propagate the notion that Europe’s problems can best, nay only, be solved with more Europe. Of that elite Emmanuel Macron is the most recent, and arguable most enthusiastic from the get-go, high priest. Which can’t be seen apart from his domestic nose-diving approval rating, and most certainly not from the yellow vest protests and riots.

    Macron won his presidency last year solely because he ran against Marine Le Pen in the second round of the elections, and a vast majority on the French will never vote for her; they’ll literally vote for anyone else instead. In the first round, when it wasn’t one on one, Macron got less than 25% of the votes. And now France wants him to leave. That is the essence of the protests. His presidency appears already over.

    Among the 28 EU countries, the UK is a very clear euroskeptic example. It’s supposed to leave on March 2019, but that’s by no means a given. Then there’s Italy, where the last election put a strongly euroskeptic government in charge. There are the four Visegrad countries, Poland, Hungary, Czech Republic and Slovakia. No love lost for Brussels there. In Belgium yesterday, PM Michel’s government ally New Flemish Alliance voted against the UN Global Compact on Migration.

    Spain’s Mariana Rajoy was supported by the EU against Catalonia, and subsequently voted out. The next government is left-wing and pro EU, but given the recent right wing victory in Andalusia it’s clear there’s nothing stable there. Austria has a rightwing anti-immigration PM. Germany’s CDU party today elected a successor for Merkel (in the first such vote since 1971!), but they’ve lost bigly in last year’s elections, and their CSU partner has too, pushing both towards the right wing anti-immigrant AfD.

    And with Macron gone or going, France can’t be counted on to support Brussels either. So what is left, quo vadis Europa? Well, there’s the European elections. In which national parties, often as members of a ‘voting alliance’, pick their prospective candidates for the European Parliament, then become part of a larger European alliance, and finally often of an even larger alliance. You guessed right, turnout numbers for European elections are very very low.

    Of course Brussels is deaf to all the issues besieging it. The largest alliances of parties, the EPP (people’s party) and the “socialists”, have chosen their crown prince ‘spitzenkandidat’ to succeed Jean-Claude Juncker as head of the European Commission, and they expect for things to continue more or less as usual. The two main contenders are Manfred Weber and Frans Timmermans, convinced eurocrats. How that will work out with 50% or more of parliamentarians being euroskeptic, you tell me. How about they form their own alliance?

    The Union appears fatally wounded, and that’s even before the next financial crisis has materialized. Speaking of which, the Fed has been hiking rates and can lower them again a little if it wants, but much of Europe ‘works’ on negative rates already. That next crisis could be a doozy.

    But we’re getting ahead of ourselves.

    First thing on the menu is Macron tomorrow, and the yellow vests in the streets of Paris and many other French cities -and rural areas. He has called for 90,000 policemen on the streets, but they’ll come face to face with their peers who are firemen, ambulance personnel, you name it, lots of folks who also work for the government. Will they open fire?

    Can Macron allow for French people to be killed in the streets? Almost certainly not. There’ll be pitchforks and guillotines. The only way out for him, the only way to calm things down, may be to announce his resignation. The French don’t fool around when they protest. And who’s going to be left to drive the reform of Europe then? Not Merkel, she’s gone, even if she wants to be German Chancellor for three more years. But then who? I’m trying to think of someone, honest, but I can’t.

    It’ll be quite the day Saturday in Paris.

  • How To Be Invisible On The Internet

    Everywhere you look, concerns are mounting about internet privacy.

    Although giving up your data was once an afterthought when gaining access to the newest internet services such as Facebook and Uber, as Visual Capitalist’s Jeff Desjardins notes, many people have had their perspective altered by various recent scandals, billions of dollars of cybertheft, and a growing discomfort around how their personal data may be used in the future.

    More people want to opt out of this data collection, but aside from disconnecting entirely or taking ludicrous measures to safeguard information, there aren’t many great options available to limit what is seen and known about you online.

    THE NEXT BEST THING

    It may not be realistic to use Tor for all online browsing, so why not instead look at taking more practical steps to reducing your internet footprint?

    Today’s infographic comes to us from CashNetUSA, and it gives a step-by-step guide – that anyone can follow – to limit the amount of personal data that gets collected on the internet.

    Courtesy of: Visual Capitalist

    As you can see, you can take simple steps to limit the amount of personal information you give up online.

    To be absolutely clear, these actions will not reduce your footprint to nothing – but they will make many important categories of data invisible for all intents and purposes.

    BASIC BUILDING BLOCKS

    The simple actions that can be taken fall into three major realms: internet browsers, social networks, and mobile phones.

    1. Internet Browsers:
    Whether you are using Chrome, Firefox, or Internet Explorer, there are easy things you can do to increase privacy. These include using private browsing, blocking third-party cookies, and tailoring the permissions for websites that you access.

    2. Social Media Platforms
    Major social networks have options built-in for users seeking privacy – it’s just many people don’t know they are there. On Facebook, for example, you can prevent your name being linked to ads – and on Twitter, you can prevent Twitter from tracking you.

    3. Mobile Phones
    We live more and more on our smartphones, but thankfully there are options here as well. You can block ad tracking on Safari, or opt out of ad personalization on Android. There is even a simple setting on Android that allows you to encrypt your phone.

  • War With Russia?

    Authored by Stephen Cohen via The Nation,

    The New Cold War is more dangerous than the one the world survived…

    The owl of Minerva spreads its wings only with the falling of dusk. — Hegel

    War With Russia?, like the biography of a living person, is a book without an end. The title is a warning – akin to what the late Gore Vidal termed “a journalistic alert-system” – not a prediction. Hence the question mark. I cannot foresee the future. The book’s overarching theme is informed by past and current facts, not by any political agenda, ideological commitment, or magical prescience.

    This article is adapted from the concluding section of Stephen F. Cohen’s War With Russia? From Putin and Ukraine to Trump and Russiagate, just published, in paperback and e-book, by Skyhorse Publishing.

    To restate that theme: The new US-Russian Cold War is more dangerous than was its 40-year predecessor that the world survived. The chances are even greater that this one could result, inadvertently or intentionally, in actual war between the two nuclear superpowers. Herein lies another ominous indication. During the preceding Cold War, the possibility of nuclear catastrophe was in the forefront of American mainstream political and media discussion, and of policy-making. During the new one, it rarely seems to be even a concern.

    In the latter months of 2018, the facts and the mounting crises they document grow worse, especially in the US political-media establishment, where, as I have argued, the new Cold War originated and has been repeatedly escalated. Consider a few examples, some of them not unlike political and media developments during the run-up to the US war in Iraq or, historians have told us, how the great powers “sleepwalked” into World War I:

    Russiagate’s core allegations—US-Russian collusion, treason—all remain unproven. Yet they have become a central part of the new Cold War. If nothing else, they severely constrain President Donald Trump’s capacity to conduct crisis negotiations with Moscow while they further vilify Russian President Vladimir Putin for having, it is widely asserted, personally ordered “an attack on America” during the 2016 presidential campaign. Some Hollywood liberals had earlier omitted the question mark, declaring, “We are at war.” In October 2018, the would-be titular head of the Democratic Party, Hillary Clinton, added her voice to this reckless allegation, flatly stating that the United States was “attacked by a foreign power” and equating it with “the September 11, 2001, terrorist attacks.”

    Clinton may have been prompted by another outburst of malpractice by The New York Times and The Washington Post. On September 20 and 23, respectively, those exceptionally influential papers devoted thousands of words, illustrated with sinister prosecutorial graphics, to special retellings of the Russiagate narrative they had assiduously promoted for nearly two years, along with the narrative’s serial fallacies, selective and questionable history, and factual errors.

    Again, for example, the now-infamous Paul Manafort, who was Trump’s campaign chairman for several months in 2016, was said to have been “pro-Kremlin” during his time as a lobbyist for Ukraine under then-President Viktor Yanukovych, when in fact he was pro–European Union. Again, Trump’s disgraced national-security adviser, Gen. Michael Flynn, was accused of “troubling” contacts when he did nothing wrong or unprecedented in having conversations with a Kremlin representative on behalf of President-elect Trump. Again, the two papers criminalized the idea, as the Times put it, that “the United States and Russia should look for areas of mutual interest,” once the premise of détente. And again, the Times, while assuring readers that its “Special Report” is “what we now know with certainty,” buried a related acknowledgment deep in its some 10,000 words: “No public evidence has emerged showing that [Trump’s] campaign conspired with Russia.” (The white-collar criminal indictments and guilty pleas cited were so unrelated that they added up to Russiagate without Russia.)

    Astonishingly, neither paper gave any credence to an emphatic statement by the Post’s own Bob Woodward—normally considered the most authoritative chronicler of Washington’s political secrets—that, after two years of research, he had found no evidence of collusion between Trump and Russia.

    Nor were the Times, the Post, and other print media alone in these practices, which continued to slur dissenting opinions. CNN’s leading purveyor of Russiagate allegations tweeted that an American third-party presidential candidate had been “repeating Russian talking points on its interference in the 2016 election and on US foreign policy.” Another prominent CNN figure was, so to speak, more geopolitical, warning, “Only a fool takes Vladimir Putin at his word in Syria,” thereby ruling out US-Russian cooperation in that war-torn country. Much the same continued almost nightly on MSNBC.

    For most mainstream-media outlets, Russiagate had become, it seemed, a kind of cult journalism that no counterevidence or analysis could dent and thus itself increasingly a major contributing factor to the new Cold War. Still more, what began two years earlier as complaints about Russian “meddling” in the US presidential election became by October 2018, for The New Yorker and other publications, an accusation that the Kremlin had actually put Donald Trump in the White House. For this seditious charge, there was also no convincing evidence—nor any precedent in American history.

    At a higher level, by fall 2018, current and former US officials were making nearly unprecedented threats against Moscow. The ambassador to NATO, Kay Bailey Hutchison, threatened to “take out” any Russian missiles she thought violated a 1987 treaty, a step that would certainly risk nuclear war. The secretary of the interior, Ryan Zinke, threatened a naval “blockade” of Russia. In yet another Russophobic outburst, the ambassador to the United Nations, Nikki Haley, declared that “lying, cheating and rogue behavior” are a “norm of Russian culture.”

    These may have been outlandish statements by untutored political appointees, but they again inescapably raised the question: Who was making Russia policy in Washington—President Trump, with his avowed policy of “cooperation,” or someone else?

    But how to explain, other than as unbridled extremism, the comments by Michael McFaul, a former US ambassador to Moscow, himself a longtime professor of Russian politics and favored mainstream commentator? According to McFaul, Russia had become a “rogue state,” its policies “criminal actions” and the “world’s greatest threat.” It had to be countered by “preemptive sanctions that would go into effect automatically”—“every day,” if deemed necessary. Considering the possibility of “crushing” sanctions proposed recently by a bipartisan group of US senators, this would be nothing less than a declaration of permanent war against Russia: economic war, but war nonetheless.

    Meanwhile, other new Cold War fronts were becoming more fraught with hot war, none more so than Syria. On September 17, Syrian missiles accidentally shot down an allied Russian surveillance aircraft, killing all 15 crew members. The cause was combat subterfuge by Israeli warplanes in the area. The reaction in Moscow was indicative—and potentially ominous.

    At first, Putin, who had developed good relations with Israel’s political leadership, said the incident was an accident caused by the fog of war. His own Defense Ministry, however, loudly protested that Israel was responsible. Putin quickly retreated to a more hard-line position, and in the end vowed to send to Syria Russia’s highly effective S-300 surface-to-air defense system, a prize long sought by both Syria and Iran.

    Clearly, Putin was not the ever-“aggressive Kremlin autocrat” unrelentingly portrayed by US mainstream media. A moderate in the Russian context, he again made a major decision by balancing conflicting groups and interests. In this instance, he accommodated long-standing hard-liners in his own security establishment.

    The result is yet another Cold War trip wire. With the S-300s installed in Syria, Putin could in effect impose a “no-fly zone” over large areas of the country, which has been ravaged by war due, in no small part, to the presence of several foreign powers. (Russia and Iran are there legally; the United States and Israel are not.) If so, this means a new “red line” that Washington and its ally Israel will have to decide whether or not to cross. Considering the mania in Washington and in the mainstream media, it is hard to be confident that restraint will prevail. In keeping with his Russia policy, President Trump may reasonably be inclined to join Moscow’s peace process, though it is unlikely the mostly Democrat-inspired Russiagate party would permit him to do so.

    Now another Cold War front has also become more fraught, the US-Russian proxy war in Ukraine having acquired a new dimension. In addition to the civil war in Donbass, Moscow and Kiev have been challenging each other’s ships in the Sea of Azov, near the newly built bridge connecting Russia with Crimea. On November 25, this erupted into a small but potentially explosive military conflict at sea. Trump is being pressured to help Kiev escalate the maritime war—yet another potential trip wire. Here, too, the president should instead put his administration’s weight behind the long-stalled Minsk peace accords. But that approach also seems to be ruled out by Russiagate, which by October 6 included yet another Times columnist, Frank Bruni, branding all such initiatives by Trump as “pimping for Putin.”

    After five years of extremism, as demonstrated by these recent examples of risking war with Russia, there remained, for the first time in decades of Cold War history, no countervailing forces in Washington—no pro-détente wing of the Democratic or Republican Party, no influential anti–Cold War opposition anywhere, no real public debate. There was only Trump, with all the loathing he inspired, and even he had not reminded the nation or his own party that the presidents who initiated major episodes of détente in the 20th century were also Republicans—Eisenhower, Nixon, Reagan. This too seemed to be an inadmissible “alternative fact.”

    And so the eternal question, not only for Russians: What is to be done? There is a ray of light, though scarcely more. In August 2018, Gallup asked Americans what kind of policy toward Russia they favored. Even amid the torrent of vilifying Russiagate allegations and Russophobia, 58 percent wanted “to improve relations with Russia,” as opposed to 36 percent who preferred “strong diplomatic and economic steps against Russia.”

    This reminds us that the new Cold War, from 
NATO’s eastward expansion and the 2014 Ukrainian crisis to Russiagate, has been an elite project. Why US elites, after the end of the Soviet Union in 1991, ultimately chose Cold War rather than partnership with Russia is a question beyond my purpose here. As for the special role of US intelligence elites—what I have termed “Intelgate”—efforts are still underway to disclose it fully, and are still being thwarted.

    A full explanation of the post-Soviet Cold War choice would include the US political-media establishment’s needs—ideological, foreign-policy, and budgetary, among others—for an “enemy.” Or, with the Cold War having prevailed for more than half of US-Russian relations during the century since 1917, maybe it was habitual. Substantial “meddling” in the 2016 US election by Ukraine and Israel, to illustrate the point, did not become a political scandal. In any event, once this approach to post-Soviet Russia began, promoting it was not hard. The legendary humorist Will Rogers quipped in the 1930s, “Russia is a country that no matter what you say about it, it’s true.” Back then, before the 40-year Cold War and nuclear weapons, the quip was funny, but no longer.

    Whatever the full explanation, many of the consequences I have analyzed in War With Russia? continue to unfold, not a few unintended and unfavorable to America’s real national interests. Russia’s turn away from the West, its “pivot to China,” is now widely acknowledged and embraced by leading Moscow policy thinkers. Even European allies occasionally stand with Moscow against Washington. The US-backed Kiev government still covers up who was really behind the 2014 Maidan “snipers’ massacre” that brought it to power. Mindless US sanctions have helped Putin to repatriate oligarchic assets abroad, at least $90 billion already in 2018. The mainstream media persist in distorting Putin’s foreign policies into something “that even the Soviet Union never dared to try.” And when an anonymous White House insider exposed in the Times the “amorality” of President Trump, the only actual policy he or she singled out was on Russia.

    I have focused enough on the demonizing of Putin – the Post even managed to characterize popular support for his substantial contribution to improving life in Moscow as “a deal with the devil” – but it is important to note that this derangement is far from worldwide. Even Postcorrespondent conceded that “the Putin brand has captivated anti-establishment and anti-American politicians all over the world.” A British journalist confirmed that, as a result, “many countries in the world now look for a reinsurance policy with Russia.” And an American journalist living in Moscow reported that the “ceaseless demonization of Putin personally has in fact sanctified him, turned him into the Patron Saint of Russia.”

    Again, in light of all this, what can be done? Sentimentally, and with some historical precedents, we of democratic beliefs traditionally look to “the people,” to voters, to bring about change. But foreign policy has long been the special prerogative of elites. In order to change Cold War policy fundamentally, leaders are needed. When the times beckon, they may emerge out of established, even deeply conservative, elites, as did unexpectedly the now-pro-détente Ronald Reagan and Mikhail Gorbachev in the mid-1980s. But given the looming danger of war with Russia, is there time? Is any leader visible on the American political landscape who will say to his or her elites and party, as Gorbachev did, “If not now, when? If not us, who?”

    We also know that such leaders, though embedded in and insulated by their elites, hear and read other, nonconformist voices, other thinking. The once-venerated American journalist Walter Lippmann observed, “Where all think alike, no one thinks very much.” This book is my modest attempt to inspire more thinking.

  • Murderous Millennials Claim Their Next Victim: Canned Tuna

    Any non-millennial will agree that millennials are murderers. They are slaughtering longstanding industries with modern technology and new life habits.

    Do not forget these young consumers are going broke by spending all their money on avocado toast and really cannot buy anything else, either – much less a beginner home. We have documented the dozens of industries millennials have been killing over the course of this business cycle.

    Millennials are expected to become a majority of the workforce by the mid-2020s. This leaves room for the idea of creative destruction, a term coined by Joseph Schumpeter in “Capitalism, Socialism and Democracy” in 1942, describes the “process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.”

    Century-old tuna companies like StarKist Co., Bumble Bee Foods and Chicken of the Sea International have been put on the chopping block by millennials.

    The Wall Street Journal reports millennials are killing canned tuna, as companies desperately try to reboot demand for tuna by marketing it in new pouches and ultra trendy flavors or labeling it as a healthy snack.

    Consumption of canned tuna has collapsed 42% per capita from the last three decades through 2016, according to US Department of Agriculture data.

    Industry leaders place even more considerable blame on millennial consumers, who want fresher or more convenient options.

    “A lot of millennials don’t even own can openers,”  Andy Mecs, vice president of marketing and innovation for Pittsburgh-based StarKist, a subsidiary of South Korea’s Dongwon Group, told the Journal.

    Millennials have been accused of killing major American institutions, including marriage and homeownership.

    However, one of the most significant changes could be American pantries. Millennials are abandoning canned tuna for the same reasons they have given up on American cheese and cereal – they are fed up with processed food.

    Young consumers are also troubled by tuna’s strong fishy smell, said the Journal.

    The tuna trouble started in the mid-1980s when it became associated with killing dolphins and unsustainable fishing practices.

    Alternative brands, including Wild Planet Foods Inc. and Safe Catch Inc., are trying to disrupt the status quo and cater to millennials. They are attracting young consumers with bold promises of safer, more sustainable and higher-quality fish. 

    Smaller brands, excluding store brands, as of October controlled 6.3% of the packaged tuna market, compared with 3.7% in 2014, according to the Journal.

    “Sales have grown tremendously,” said Bill Carvalho, Wild Planet’s founder and president. “Unlike the larger brands, which cook their tuna twice…Wild Planet cooks it fish once in the can, allowing it to marinate in its natural juices and healthy oils.”

    “Annual sales now near $100 million for the 14-year old company, which offers 30 items in supermarkets nationwide,” he said.

    In response to the fracturing of the market, thanks to those pesky millennials, the two big tuna makers have launched their premium brands in recent years. Bumble Bee sells Wild Selections and StarKist offers Blue Harbor, marketing the lines as sustainably fished.

    Similarly, Chicken of the Sea recently began selling resealable cups of trendy flavored tuna earlier this year. 

    Timmy Mathew, a 26-year-old tax accountant in Chicago, told the Journal he was not opposed to trying the new tuna products from legacy brands. “There are food trends—quinoa and kale are hot. Canned tuna has never been hot.”

    What did social media have to say about this?

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

     Add canned tuna to the millennial kill list. 

  • Is This It? A Trump-Hater's Guide To Mueller Skepticism

    Authored by T.A.Frank via VanityFair.com,

    Mueller’s comportment suggests a man who’s fallen prey to the same state of mind that warped Ken Starr – namely disgust over the people you’re investigating and a desire to justify the sunk capital. Even if the special counsel presents one hell of a report, Democrats must ask: was it worth it?

    In the autumn of 1995, millions of Indians flocked to New Delhi after reports that a statue of Ganesha, the Hindu deity of good luck, was drinking milk from a spoon. It turned out that Ganesha, in the form of carved white stone, was a bit porous, and he wasn’t drinking the milk so much as getting coated in it, as each of the thousands of spoonfuls trickled down his side, but a collective thrill prevailed for a while. I relate this incident because its rhythms – big news, then frenzy, then comedown – bear a strong resemblance to those of Russiagate, with each development setting the Resistance into a frenzy of milk-buying and statue-feeding that fades only after a few days, replaced by an unspoken agreement to wait for further reports on Ganesha’s movements.

    For many Robert Mueller watchers, the air these days is electric. People sense the big shoes are about to drop. Donald Trump has submitted his written answers to Mueller’s questions. Paul Manafort has entered a plea agreement, but then continued to lie—at least according to Mueller. Jerome Corsi,fringe-right author and personality, is vowing to go to jail for life rather than sign on to Mueller’s version of events. Roger Stone is expecting to be indicted for something. So is Donald Trump Jr. And, most significant of all to those looking for a big payoff, Michael Cohen has pleaded guilty to lying to Congress about the timeline of a deal he was trying to make to construct a 100-story Trump-branded tower in Moscow. It turns out that the deal exploration continued past the time Trump had secured the Republican nomination, and Cohen and his associate Felix Sater, a real-estate promoter and one-time racketeer, had even discussed giving Vladimir Putin a $50 million penthouse in the building. “This is it,” people are saying. “This is the big one!”

    But, with all due reverence to the deity Ganesha, why? We see the familiar cycle of hype, and there’s no use fighting it, but, once heart rates have slowed, the same old question remains: so what? Some of the news, such as a Guardian story that Manafort met three times with Julian Assange, seems to be based on nothing at all. But even the solid news turns out to be generally non-earth-shattering. As the journalist Aaron Maté has been pointing out, we already knew the timeline of Cohen’s Moscow efforts, because BuzzFeed had already detailed them in May, painting a picture of a bumbling duo getting high on their own supply. (As for the latest revelations, did Sater and Cohen really think a president of Russia would move into a free $50 million penthouse provided by a U.S. presidential candidate? You have to wonder if they were hitting each other on the head with bricks.) Those who hope that Mueller reveals a shambolic operation with a lot of rascals engaged in sleazy and embarrassing behavior will be happy with the fruits of his labors. But those who hope for an unveiling of indictments linking Putin and Trump in a grand conspiracy have no more reason to celebrate than they did a week or a month ago.

    Certainly, Trump’s ethical standards are low, but if sleaziness were a crime then many more people from our ruling class would be in jail.

    It is sleazy, but not criminal, to try to find out in advance what WikiLeaks has on Hillary Clinton. It is sleazy, but not criminal, to take a meeting in Trump Tower with a Russian lawyer promising a dossier of dirt on Clinton. (Just as, it should be mentioned, it is sleazy, but not criminal, to pay a guy to go to Russia to put together a dossier of dirt on Trump. This is one reason why the Clinton campaign lied about its connection to the Steele dossier, albeit without the disadvantage of being under oath.) It is sleazy, but not criminal, to pursue a business deal while you’re running for president. Mueller has nailed people for trying to prevaricate about their sleaze, so we already have a couple of guilty pleas over perjury, with more believed to be on the way. But the purpose of the investigation was to address suspicions of underlying conspiracy—that is, a plan by Trump staffers to get Russian help on a criminal effort. Despite countless man-hours of digging, this conspiracy theory, the one that’s been paying the bills at Maddow for a couple of years now, has come no closer to being borne out. (Or, as the true believers would say, at least not yet.)

    Partisanship is hostile to introspection, but at some point maybe we’ll look back and think again about what was unleashed in the panic over Russian influence. Trump’s White House has pursued what is arguably the harshest set of policies toward Russia since the fall of Communism—hardly something to celebrate—yet nearly all the pressure, from the center-left as much as the right, is toward making it even tougher. As for those tapping along to S.N.L. songs in praise of Mueller and his indictments, they might want to remember that Trump won’t always be in office. The weapons you create for your side today will be used by the other side against you tomorrow. Do we really want the special-counsel investigation to become a staple of presidential life? It’s a creation with few boundaries on scope and a setup that encourages the selection of a suspect followed by a search for the crime, rather than the other way around. This caused calamities in the era of Bill Clinton, and it doesn’t get any better just because the partisan dynamics are reversed.

    Let’s take a moment to consider Mueller himself. The cut of his jib is likable, and the trad Brooks Brothers vibe of his wardrobe is a perfect complement to his job title. But it’s hard to avoid the suspicion that he’s playing a political game at this point. To be fair, I’m vulnerable to confirmation bias of my own in this assessment, since about a year ago I suggested that Mueller was going to drag out his investigation until 2019, when Democrats were likely to be back in charge of the House, and seeing a prediction play out can lead to unwarranted certitude. But the reports we’re starting to see suggest a man who’s fallen prey to the same state of mind that warped Ken Starr—namely disgust over the people you’re investigating and a desire to justify the sunk capital.

    Our justice system gives prosecutors a frightening amount of power as it is, and nothing tempts misuse of it quite like the belief in a narrative in the face of a disappointing witness. George Papadopoulos has told people he pleaded guilty to perjury because Mueller was threatening to prosecute him as an unregistered agent of Israel. Jerome Corsi insists that Mueller was (and is) threatening him with a raft of indictments unless he signed on to an untrue story of how he came to believe (or know) that WikiLeaks had hacked the e-mails of John Podesta.

    We don’t know why Mueller feels Manafort is lying to prosecutors, but we do know that Mueller is either asking him about things that have little to do with Manfort’s guilty plea, i.e. acting as an unregistered agent of Ukraine, or else asking him things that have little to do with the original purpose of Mueller’s investigation, i.e. Russian conspiracy. The former would mean Mueller was tempting Manafort, deliberately or not, to make up a story to please federal prosecutors (“not just sing,” but “also compose,” as a judge on the case warned last May). The latter would mean Mueller was getting out on tangents and allowing his investigation, Starr-style, to lapse into a shape-shifting creature with few self-imposed limits. Furthermore, solitary confinement is severe punishment, and Manafort has been in it for months. No one doubts that Manafort is a liar, and everyone knows he’s maneuvering for a presidential pardon. He should go to jail for his financial fraud. But that doesn’t mean Mueller is proceeding with a proper sense of proportion or self-restraint.

    If it’s any consolation to Trump haters, we san say this much: the special counsel’s office is going to put together a hell of a report. It will have less sex than Starr’s did, but that’s for the best, and the testimony of Michael Cohen will still guarantee a lot of great scenes, many of them certain to become immortal and embarrassing. Trumpworld won’t fare well under a bright light. Like Starr, Mueller is also likely to include footnotes and selections that will hint at criminality, the things he suspects but couldn’t prove, and the most ardent believers in collusion will claim vindication. But the international conspiracies will be few, and the collateral damage of the Russia scare will be extensive, stretching far beyond Trump or his circle to the country as a whole. It might hurt a president who many Americans hate, but even the president’s most ardent foes should reflect on a question that will linger: Was it worth it?

  • Who's Watching Whom? NYPD Will Monitor Americans With Fleet Of Chinese-Made Drones

    Several months after the Department of Defense (DoD) banned the purchase of commercial-over-the-shelf Unmanned Aircraft Systems (UAS), including DJI drones from China for most (if not all) departments, The New York City Police Department (NYPD) has just had the bright idea to launch a fleet of Chinese made drones for surveillance operations across the five boroughs.

    According to Fox 5 New York, the NYPD announced its UAS program on Tuesday. FAA Part 107 licensed officers of the Technical Assistance Response Unit will pilot the aircraft.

    Police officials told Fox 5 the drones would be used in search-and-rescue operations, to survey inaccessible crime scenes, hostage situations, and mass casualty incidents. The department stressed the drones would not be monitoring civilians, but only used for “routine patrols” and will not be equipped with dangerous weapons.

    “As the largest municipal police department in the United States, the NYPD must always be willing to leverage the benefits of new and always-improving technology,” Police Commissioner James O’Neill said. “Our new UAS program is part of this evolution – it enables our highly-trained cops to be even more responsive to the people we serve, and to carry out the NYPD’s critical work in ways that are more effective, efficient, and safe for everyone.”

    The department will start with a dozen quadcopter drones that can be launched in minutes for tactical operations. There are plans to scale up the drone program into 2020.

    However, neither Fox 5 nor the department mentioned where the drones are manufactured. There is ample evidence from the Fox 5’s video that the drones are made in Shenzhen, a southeastern city in China, by SZ DJI Technology Co., Ltd., a leading manufacturer of unmanned aerial vehicles.

    Several months ago, sUASnews obtained a US army memo that said the US Navy and the US Army Research Lab claimed that the operational risks of utilizing DJI equipment outweigh their benefits.

    The memo makes the orders very clear. “Due to increased awareness of cyber vulnerabilities associated with DJI products, it is directed that the U.S. Army halt use of all DJI products. This guidance applies to all DJI UAS and any system that employs DJI electrical components or software including, but not limited to, flight computers, cameras, radios, batteries, speed controllers, GPS units, handheld control stations, or devices with DJI software applications installed.”

    If the US military banned the use of DJI products, then why is the NYPD about to launch a fleet of Chinese drones?

  • Pearl Harbor Day: One For Which FDR Shoulders 'Infamy'

    Authored by Daniel Oliver, op-ed via The Daily Caller,

    On December 7, 1941 the Empire of Japan bombed the U.S. Pacific Fleet which was stationed in Pearl Harbor on the Hawaiian island of Oahu. In addressing Congress the next day, President Roosevelt called it “a date which will live in infamy.”

    But Roosevelt’s reputation should live in infamy too. The line that Roosevelt enthusiasts and left-wing historians have peddled for so many years is that the attack was a complete surprise.

    Here’s a sample from The American Pageant, a typical left-wing American history textbook widely used in American high schools:

    Officials in Washington, having “cracked” the top-secret code of the Japanese, knew that Tokyo’s decision was for war … Roosevelt, misled by Japanese ship movements in the Far East, evidently expected the blow to fall on British Malaya or on the Philippines. No one in high authority in Washington seems to have believed that the Japanese were either strong enough or foolhardy enough to strike Hawaii.

    That’s the left’s version, and it’s in line with the rest of the “fake history” they want American high school students to learn. The Education and Research Institute (ERI — of which I am chairman) has written a critique of The American Pageant, which tells a more accurate story about Pearl Harbor and scores of other events in American history.

    The American Pageant gives almost no blame to FDR for the Pearl Harbor disaster — even though the United States had broken the Japanese secret code and knew an attack was imminent. The textbook authors assure us that “no one in high authority in Washington seems to have believed that the Japanese” had the ability to launch such an attack.

    But that is simply wrong. Some high-ranking members of the U.S. Navy did believe a surprise attack at Pearl Harbor was possible, but FDR disagreed with them and he removed those contrary voices from positions of power.

    The commander of the U.S. Pacific Fleet in Pearl Harbor was Admiral J. O. (Joe) Richardson. Unlike Roosevelt, Richardson did not underestimate the Japanese — and he had studied them and the dangerous Pearl Harbor location thoroughly.

    Richardson said that a simulated aerial attack that the U.S. had conducted at Pearl Harbor in 1932 proved that torpedo planes could cripple any fleet stationed there.

    Even before Roosevelt ordered the Pacific Fleet to stay at Pearl Harbor indefinitely, Richardson had protested that keeping the fleet there posed a danger to every ship. He had been attempting to monitor the military movements of the Japanese to give the United States time to evacuate Pearl Harbor in case of danger.

    Richardson, after writing many letters warning of danger at Pearl Harbor, was ordered to Washington to meet with the president. At the meeting, Richardson strongly recommended moving the Pacific Fleet back to San Francisco immediately.

    When Roosevelt dismissed his concerns, the frustrated Richardson said,

    “Mr. President, I feel that I must tell you that the senior officers of the Navy do not have the trust and confidence in the civilian leadership of this country that is essential for the successful prosecution of a war in the Pacific.”

    FDR replied,

    “Joe, you just don’t understand that this is an election year [1940] and there are certain things that can’t be done, no matter what, until the election is over and won.”

    Then, when the election was over and FDR re-elected to his third term, he fired Richardson from command of the Pacific Fleet and installed a lackey, Admiral Kimmel, to take his place. Kimmel agreed with FDR that Pearl Harbor was safe.

    But of course it wasn’t safe, and actions Roosevelt took before and after the election made it even less safe. In January of 1940 Roosevelt had terminated the United States — Japan trade treaty. In July of 1940 he had restricted exports to Japan. In September of 1940 he had sent $25 million to the Chinese resistance against Japanese incursions, and he had also embargoed shipments of scrap iron to Japan. In July of 1941, Roosevelt had frozen all Japanese assets in the United States and expanded the embargo.

    The official State Department history concludes:

    “Faced with serious shortages as a result of the embargo, unable to retreat, and convinced that the U.S. officials opposed further negotiations, Japan’s leaders came to the conclusion that they had to act swiftly.”

    That seems to have been what Roosevelt wanted.

    On Monday, November 24, 1941, only 13 days before the Pearl Harbor attack, Henry L. Stimson, Roosevelt’s secretary of War, recorded in his diary a meeting with Roosevelt:

    He brought up the event that we were likely to be attacked perhaps (as soon as) next Monday [December 1], for the Japanese are notorious for making an attack without warning, and the question was what we should do. The question was how we should maneuver them into the position of firing the first shot without allowing too much danger to ourselves.

    On Nov. 25, Secretary of State Cordell Hull demanded that Japan withdraw from China. The following day Hull wrote this: “The matter is now in the hands of the Army and the Navy.”

    Four days later, on December 7, 1941, the Japanese attacked: 2,403 people died, eight battleships were sunk or damaged, and 188 airplanes were destroyed.

    The United States took a long time to recover.

    But FDR escaped blame. Today we should remember that it’s not just December 7, 1941, that should live in infamy, but Roosevelt’s reputation as well.

  • Chinese Firms Dumped $1 Billion Of US Real Estate Last Quarter

    After being one of the most steadfast buyers of American real estate for years, large Chinese firms continued dumping high-profile US real estate in the third quarter, the Wall Street Journal reports, selling more than $1 billion of property as Beijing forced insurers, conglomerates, and other big investors into debt-reduction programs.

    Chinese investors dumped $1.05 billion worth of prime US real estate in the third quarter while purchasing only $231 million of property, according to data firm Real Capital Analytics. This marks the second consecutive quarter where investors were net sellers of US commercial real estate, and the first time investors sold more US property than they bought since the 2008 crash.

    In the last decade, Chinese investors plowed tens of billions of dollars into US real estate, with a concentration in major metro areas like New York, Los Angeles, San Francisco, and Chicago. The Journal notes that Chinese buyers “never represented more than a fraction of the buying power in any U.S. market,” however they made headlines for paying massive premiums. 

    Now, the party has unexpectedly ended.

    Rising corporate debt levels and concerns over currency stability has forced the Chinese government to tighten capital outflows and clamp down on overseas acquisitions. 

    As we discussed last month, total Chinese Credit Creation unexpectedly collapsed, resulting in shockwaves of weakness across the domestic and global economy. Amid speculation that Beijing is engineering a “slow landing” through a significant slowdown in credit issuance, investors – hungry for liquidity – are unloading US properties at a rapid clip. In global markets, this will likely create a deflationary chill and lead to a further slowdown in 2019.

     

    Trade tensions between Beijing and the Trump administration have not helped the situation, as more Chinese firms sold properties amid worries the trade war could deepen in the coming quarters, and potentially lead to more aggressive blowback at Chinese investors. 

    “This has to do more with a change in how capital is permitted to behave rather than Chinese investors saying ‘I don’t like the U.S.’,” said Jim Costello, senior vice president at Real Capital Analytics.

    “Ping An Insurance Group Co. of China and partners in August sold a 13-story Boston office building for $450 million, the largest sale by a Chinese investor during the third quarter, Real Capital Analytics said. Its U.S. partner Tishman Speyer said it was the one that drove the decision to sell the building.

    China’s retreat showed signs of continuing in the fourth quarter. Dalian Wanda Group sold a glitzy development site in Beverly Hills, Calif., last month for more than $420 million. The Chinese conglomerate purchased the eight-acre parcel in 2014 for $420 million and had planned to develop luxury condominiums and a boutique hotel on the site, but feuds with a local union and contractors stalled progress.

    Anbang recently engaged Bank of America Corp. to help it sell a portfolio of luxury hotels that it acquired two years ago for $5.5 billion, though the Waldorf isn’t part of that sale, according to a person familiar with the matter,” said the Journal.

    “Anbang is reviewing the company’s U.S. real estate portfolio after seeing price recovering in local property market due to strong recovery of the U.S. economy,” said Shen Gang, a spokesman for Anbang.

    Still, some strategists believe that Chinese selling may slow in the months ahead.

    “I do not think it will be a tidal wave of sales,” said Jerome Sanzo, managing director and head of U.S. Real Estate Finance for Industrial & Commercial Bank of China. “Some of them are not able to move forward for various reasons and will take gains now while waiting for future changes.”

    In a highly leveraged economy such as China’s, growth is a lagged result of changes in the supply of credit. And with credit creation waning in China, it is less of a mystery why local corporations are rushing to “liquify” as fast as possible: the Chinese credit squeeze is well underway. Prepare for a global slowdown in 2019, one which has already hit the US housing market hard.

  • Stockman: The Donald Undone – Tilting At The Swamp, Succumbing To The Empire

    Authored by David Stockman via Contra Corner blog,

    You can’t build the Empire and drain the Swamp at the same time. That’s because the Swamp is largely the fruit of Empire. And it’s also the reason that the Donald is being rapidly undone.

    Indeed, it is the Empire’s $800 billion national security budget which feeds Washington’s vast complex of weapons suppliers, intelligence contractors, national security bureaucrats, NGOs, think tanks, K-street lobbies, so-called “law” firms and all-purpose racketeers. It’s what accounts for the Imperial City’s unseemly and ill-gotten prosperity.

    It goes without saying that the number one priority of these denizens of Empire is to keep the gravy train rolling. That is accomplished by inventing and exaggerating threats to America’s homeland security and by formulating far-flung and misbegotten missions designed to extend and reinforce Washington’s global hegemony.

    As we demonstrate elsewhere, a true homeland security defense budget would consist of the strategic nuclear triad and modest conventional forces to defend the nation’s shoreline and air space; it would cost about $250 billion per year plus a few $10 billion more for a State Department which minded its own business.

    So the $500 billion difference is the fiscal cost of Empire, which is pushing the US toward an immense generational fiscal crisis. But it’s also a measure of the giant larder that fills the Swamp with the projects and busywork of Washington’s global hegemony.

    In fact, it is the vast depth of that $500 billion larder which gives rise to the forces that not only thwart the Donald’s desire to drain the Swamp, but actually enlist him the cause of deepening its brackish waters.

    Moreover, these missions encompass far more than direct military occupations, such as in Afghanistan and Iraq; or indirect aggressions, such as in Washington’s arming of anti-government terrorists in Syria and facilitating and supplying Saudi Arabia’s genocidal bombing campaign in Yemen; or even the kind of rank provocation implicit in the 29,000 troops Washington still bivouacs on the Korean peninsula 65 years after the war there ended and the thousands of US and NATO forces which conduct virtually constant maneuvers and war games on the very borders of Russia.

    OFAC And Washington’s Economic Sanctions Strike Force 

    Beyond the Empire’s purely military dimension lies a vast stratum of economic and financial warfare. The US currently has sanctions—-trade, financial and proscribed nationals—on more than 30 countries including highly visible alleged malefactors like Russia, Iran and North Korea—but also Lebanon, Liberia, Libya, Somalia, Sudan and Syria, to name a few.

    These sanctions are enforced by an office in the US Treasury Department, which is aptly named the Office of Foreign Asset Control (OFAC). Being openly in the business of controlling the assets of foreign countries, in fact, its name speaks volumes about the daily purposes of the Imperial City.

    In addition to enforcement actions against the above named three dozen countries, OFAC’s global reach has been fantastically expanded by the so-called war on terror, and the mechanism of sanctioning “Specially Designated Nationals” or SDNs.

    We are here talking about individual citizens and officers of foreign countries, one at a time. It so happens that the OFAC periodically publishes a list of SDNs and the latest one (May 24, 2018) is a staggering 1,132 pages long. By our reckoning it lists in excess of 500,000 foreign evil doers of one type or another.

    The fact that it takes 221 pages just to get through the “A’s” in its alphabetical listing—owing to the prevalence of Ali’s, Abdul’s, and Ahmed’s—-is perhaps indicative of the nature and scope of Washington’s SDN dragnet.

    Needless to say, sanctioning 500,000 foreigners generates endless make-work for the denizens of the Swamp and the phalanx of national security agencies and private contractors which employ them. But it’s all in a day’s work in the Empire because this list exists only by virtue of Washington’s self-appointed role of global policeman and hegemon of global order.

    Moreover, the list now encompasses far more than the Abdul’s and Ahmed’s arising from the Imperial City’s misbegotten “war on terror”. In truth, the latter has actually been a hatchery of terror in the form of blowback and vengeful retaliation for Washington’s military devastation of the Middle East and elsewhere.

    Nevertheless, there are also thousands of Russian, Iranian and Chinese names on this list owing to Washington’s putting a hex on certain disapproved behaviors and policies of these nations. And many tens of thousands more names appear for the sin of not compliantly observing Washington’s sanctions on third-parties with which they had wished to do business.

    That is, OFAC is now into a higher level of economic warfare: Sanctioning those who fail to sanction the sanctioned.

    Here’s the thing. Almost none of this busywork of Empire has anything to do with the safety and security of the American homeland.

    It is the fruit of middle eastern interventions and occupations which should never have happened— going all the way back to the first Gulf War and all that followed.

    Indeed, it goes back even further in time to Washington’s siding with Saddam Hussein during the 1980s Iran/Iraq War and to the so-called Charlie Wilson’s War during which the CIA recruited and armed the mujahedeen in Afghanistan against the Soviets after the latter’s misbegotten invasion of the “graveyard of empires” in 1979.

    It is also the fruit of a needless demonization of Russia and Putin, which , as we have seen, comprise no threat to the American homeland whatsoever; and also, increasingly, the designation of alleged Chinese malefactors for failure to enforce Washington’s foreign policy.

    Imperial Arrogance: Sanctioning China For Not Enforcing Washington’s Economic War On Iran

    The Trump Administration’s recent attempt—-purposeful or not—to destroy China’s second largest telecom supplier (ZTE) is an hideous case in point. Once upon a time that would have been considered an act of war, but under the aegis of Empire the shoe goes on the other foot: It’s China’s fault, apparently, that ZTE failed to comply with Washington’s hex on Iran.

    In effect, the Donald is getting sucked into functioning as another handmaid of Empire rather than actually performing the noble work of draining the Swamp. After all, the essence of draining the Swamp boils down to shrinking the state and unleashing the energies of free market capitalism–including generation of more export to the rest of the world.

    But in the ZTE case, Trump and his neocon and warhawk advisors were doing just the opposite.They had slapped an edict on US telecom component and software suppliers like Qualcomm, prohibiting them from engaging in acts of trade with China’s #2 telecom equipment manufacturer and the #4 mobile phone provider in the world.

    That is, they were about the business of pumping the Swamp full with even more busybody regulation and bloat—and once again bamboozling the Donald with phony threats to national security.

    In this case, ZTE apparently violated “sanctions” put upon Iran and North Korea by the Empire in its self-appointed role of global policeman.

    That’s right. There have been no charges that ZTE has “stolen” American technology or subsidized exports to the harm of American cell phone factories—-because, well, there are none left.

    The Chinese state-owned company’s only alleged offense, in fact, was not functioning as a complaint enforcement arm of Washington’s foreign sanctions strike force.

    But threatening to bring daily production at ZTE to a halt because it cannot (in the short-run) make cell phones without those designed-in Qualcomm parts, the Donald was also in danger of putting the kibosh on American production, jobs and leadership in the high technology components end of ZTE’s business.

    Since ZTE sits on a giant mountain of debt, however,the Chinese had no choice in the near term except to bend over and request Washington’s bar of soap. To that end, in fact, they are now negotiating the complete housecleaning of the company’s board and top executives and replacing them with names satisfactory to Washington.

    Indeed, when this compromise settlement with China was announced a few months ago, we learned that the Donald had told his “friend” President Xi Jinping that in return for letting ZTE off the sanctions hook, Washington would be happy to collect a $1.3 billion fine and take control of company’s board and management!

    But here’s the thing. ZTE is not only a state-owned company; it’s also a core national technology champion in the Red Ponzi’s statist scheme of economic management.

    So the idea that Washington should control ZTE is flat-out idiotic, yet it stems 100% from the Empire’s hex on Iran and North Korea—-a futile, destructive exercise in the sanctions game which never should have happened in the first place.

    As we have frequently explained, Iran should be free to conduct a foreign policy of its own choosing in its own middle eastern neighborhood; and that if we got the machinery of war and empire out of the way, the Koreans—north and south—would readily find a way to denuclearize, demilitarize and economically reunite.

    And yet that’s not the half of it. The Donald’s doddering Secretary of Commerce and former crony capitalist thief, Wilbur Ross, explained to bubble vision at the time of the July deal that “compliance” would be assured by placing an entire squadron of Washington operatives inside the company on a permanent basis to makes sure it does not again violate Washington’s sanctions and other edicts.

    That’s right. Wilbur proposes to run China’s giant state telecom company from the Commerce Department Building on Constitution Avenue.

    That’s draining the swamp?

    Well, at least there is some irony—surely not intended—-in proposing to control a communist state industrial behemoth from Constitution Avenue.

    Then again, through the largesse of the state and the Fed’s Bubble Finance, Wilbur Ross became a self-proclaimed billionaire, like his boss.

    So how would either have a clue about draining the real statist Swamp?

    China Trade Deal—Recipe For A Big Washington Trade Nanny

    And that gets us to the Donald utterly wrong-headed pursuit of an overall “trade deal” with China—a prospect that has the far-flung agencies and contractors in the Imperial City giddy with anticipation. It would simply mean a whole new regime of economic meddling, trade management, bureaucratic enforcement and sanctions for not measuring up.

    It would also have the meters running overtime at Washington’s law firms and consultancies, which would be over-run with demand from Chinese companies and state agencies seeking help with “compliance”.

    The fact is, America doesn’t need no stinkin’ trade deal with China.

    Yes, as we have seen, we did import $526 billion last year from China compared to just $130 billion of exports. But that $396 billion deficit is due to factors that trade negotiators and enforcement bureaucrats could not fix in a month of Sundays. As we have shown, it’s an artifact of bad money and the machinations of central bankers, starting with the Fed.

    So even though China doesn’t import much, it’s not mainly owing to its high tariffs or its labyrinth of non-tariff barriers. Instead, it results from the fact that Beijing has run the People Printing Press overtime for the last 25 years and has thereby buried its economy in $40 trillion of unsustainable and unrepayable debt—-debts that will eventually grind its economy to a halt or trigger the mother of all financial implosions.

    In the interim, however, it won’t import much because most foreign suppliers—and most especially the US—cannot compete with a state controlled economy temporarily blessed with spanking new, debt-financed capital equipment, essentially proletarian labor in a red economy and a minimal welfare state burden on businesses owing (temporarily) to favorable demographics and the stingy benefit policies of its allegedly socialist rulers in Beijing.

    Thus, even if the Donald should succeed in strong-arming Beijing into tripling its current $15 billionof agricultural imports from the US and doubling its $20 billion of energy imports, the resulting $50 billion uptick in combined exports from these sectors wouldn’t make a dent in the trade deficit.

    And even if they do cut their tariffs on auto imports as promised, that’s not going to amount to a hill of beans, either. That because a long time ago all high volume US auto producers—-GM, Ford and Chrysler—recognized that taking coals to Newcastle was the better part of wisdom.

    That is, they all moved their assembly plants and their parts suppliers to China where they face capital and labor costs that are only a fraction of those in the US. Accordingly, there is not a snowball’s chance in the hot place that US based production—-other than perhaps in the case of tiny volumes of niche or prestige vehicles—can compete in China’s 30 million unit auto market.

    In fact, autos and parts exports to China currently amount to less than $5 billion, and there is no reason to believe there is much upside at all—even with a zero tariff.

    Even when it comes to the heavy capital equipment made by Caterpillar or the advanced commercial aircraft supplied by Boeing—–these US suppliers are doing a increasing share of their  production and valued added in their own or JV plants in China, not Peoria and Seattle.

    And as to most consumer goods, fuggetaboutit!

    On the other hand, the Donald doesn’t have a clue about the other side of the equation—the $526 billion of annual US imports from China. That baleful fact, however, is the legacy of 30 years of monetary central planning by the Fed, not cheating by the Chinese.

    The essence of the Fed’s false prosperity trick was to enable American households to live beyond their means by raising their debts by nearly 6X to $15.6 trillion during the last three decades—- even as wage and salary incomes grew by only 3.7X.

    The difference essentially reflected unearned consumption borrowed from the economic future, but also on the margin was supplied by goods emanating from the far lower cost factories of the Red Ponzi.

    The 30-Year Borrowing Binge: Household Debt Versus Wage And Salary Income

    At the same time, as we have seen, the Fed’s insensible pursuit of 2.00% inflation essentially inflated the cost-price-wage structure of the US economy, and at the very worst time imaginable: That is, after Mr. Deng’s early 1990’s pronouncement that it is “glorious to be rich” and its adoption of mercantilist, credit fueled, state-driven economic development model.

    In a word, China was draining its rice paddies of cheap industrial labor, thereby driving the global labor cost curve downward—at the very time that the geniuses in the Eccles Building did their level best to inflate the nominal wage levels of US factories in the opposite direction. The result was that the borrowed consumption of the American household sector got supplied by the peasantry-turned-factory worker in the Red Ponz1.

    So, is some kind of Imperial City fostered “trade deal” going to alter these deeply embedded historical legacies?

    No, they will not—that is, at least not until sound money policies are once again replanted in the Eccles Building.

    The arrival of Janet Yellen in tie and trousers at the helm of the Fed, however, means that the one chance the Donald had to do something meaningful about the China trade gap has been blown.

    That’s not only owing to the appointment of Jerome Powell, who is a Keynesian Imperial City lifer, but also due to the constant drumbeat of suggestion from the White House that the Donald is a “low interest man” and would prefer to keep the monetary status quo in place; or more recently, has even demanded that the Fed cut an interest rate target that is still negative in real terms..

    So why is the Donald wasting his time and fueling growth of Imperial Washington via his “art of the deal” dueling with President Xi?

    In part, of course, that’s because the Donald has been a life-long dyed-in-the-wool protectionist—a virtual paragon of 18th century mercantilism.

    Needless to say, protectionism and mercantilism are the health of the Swamp because they rest on government-to-government deals, not the enlightened self-interest and mutual benefits of capitalist commerce.

    Accordingly, the central pillar of the Donald’s economic policy—-new bilateral “trade deals”— is inherently designed to fill the Swamp, not drain it.

    In the first place, if the Red Suzerains are economically benighted enough to figuratively throw rocks into their own harbors to repel imports and to subsidize exports with cheap credit, repressed wages and other state subventions, guess what?

    It’s their wealth being penalized, not America’s. The Red Ponzi is effectively sending foreign aid to America!

    Technology Protectionism—-Trojan Horse Of The Warfare State

    And it is here where the Imperial City has taken the Donald by the short orange ones. The Warfare State sees trade as just another venue of battle—–and in this case based on the completely spurious notion that China’s alleged theft of US intellectual property is a threat to national security.

    That just patent nonsense because nearly every technology in today’s world is dual use. So if you start with the false premise that China has the will and capability to threaten America militarily—either now or in the relevant future—-you are automatically embarking down the road of state control of the economy and an ever deeper Swamp in the Imperial City.

    The fact is, the Red Ponzi is a giant house of cards that cannot survive in the long-run, and in the mid-term is completely dependent of US markets to earn the dollar surpluses that it needs to keep its $40 trillion tower of debt from having a crash landing.

    So the truth is, it doesn’t matter what technologies the Chinese have—-they are almost definitionally not a threat to the American homeland. Nevertheless, the Donald’s glandular protectionism plays right into the hands of the Washington hegemonists.

    They now have him busily attempting to administer a trade spanking to China because purportedly it does not buy enough American soybeans, LNG and Ford Explorers.

    But the Deep State has something far bigger in mind. Namely, the complete control of trade in the name of national security in the new age of advanced information technology—and on that front the Donald is turning out to be a battering ram beyond their wildest dreams.

    For instance, here is what a true Swamp creature has to say about the matter. Mr. Paul Rosenzweig is apparently a Republican but actually a certified denizen of the Imperial City.

    “I knew what was critical in 1958 — tanks, airplanes, avionics. Now, truthfully, everything is information. The world is about information, not about things,” said Paul Rosenzweig, who worked with CFIUS while at the Department of Homeland Security during President George W. Bush’s second term. “And that means everything is critical infrastructure. That, in some sense, means CFIUS really should be managing all global trade.”

    Needless to say, the misbegotten China Trade Deal is only one of the many avenues by which the Empire has enlisted the Donald in the business of deepening the Swamp, not draining it.

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Today’s News 7th December 2018

  • Revealing The Naked Truth Of China’s Real Estate Slowdown

    Warren Buffett has famously told Berkshire Hathaway investors: “You only find out who is swimming naked when the tide goes out.”

    Buffett’s market wisdom can be applied to the Chinese property market.

    Now, the tide is going out and the boom days are over, the industry is rapidly slowing as credit growth is the slowest on record – pointing to a weakening in the economy in coming months.

    As for “swimming naked when the tide goes out,” well, it seems like one real estate firm, in southwest China used topless models covered in body paint as a last-ditch effort to unload a new property development before the market implodes.

    Nanning Weirun Investment Company, a real estate developer in Nanning, capital of the southwestern Guangxi Zhuang, hired a bunch of models to advertise its condominiums by using their bare skin as a canvas, said Asia Times.

    Floor plans of the condos were painted on the back of each model, and their breasts were painted with logos and other advertising slogans.

    While it is unclear if the topless models helped to spur sales, Asia Times indicated that the stunt attracted many people to the showroom last Friday.

    Hundreds of Sina Weibo users, China’s Twitter, criticized the promotion and called it disgusting, as others thought it was an interesting method, in the attempt to generate sales in a slowing market.

    An employee at Nanning Weirun told the website Btime.com that the bodypainting promotion was a one-off event to drive sales.

    The strategy is one of the more unconventional approaches being taken by desperate developers to attract new buyers as GDP growth, and the housing market are expected to fall in the first half of 2019.

    Was the marketing stunt worth it for the developer?

    Probably not, as the city planning authority suspended the firm’s marketing permit on Monday.

    Video: Revealing the naked truth of China’s real estate slowdown

  • "I Know Where All The Bodies Are Buried": Clinton Foundation CFO Spills Beans To Investigators

    The CFO of the Clinton Foundation, thinking he was “meeting an old professional acquaintance,” admitted to investigators that the charity had widespread problems with governance, accounting and conflicts of interest, and that Bill Clinton has been commingling business and personal expenses for a long time, reports The Hill‘s John Solomon. 

    Clinton Foundation CFO Andrew Kessel made the admissions to investigators from MDA Analytics LLC – a firm run by “accomplished ex-federal criminal investigators,” who have been probing the Clinton Foundation for some time. 

    Kessel told MDA “There is no controlling Bill Clinton. He does whatever he wants and runs up incredible expenses with foundation funds, according to MDA’s account of the interview. “Bill Clinton mixes and matches his personal business with that of the foundation. Many people within the foundation have tried to caution him about this but he does not listen, and there really is no talking to him.” 

    MDA compiled Kessel’s statements, as well as over 6,000 pages of evidence from a whistleblower they had been working with separately, which they secretly filed with the FBI and IRS over a year ago. MDA has alleged that the Clinton Foundation engaged in illegal activities, and may owe millions in unpaid taxes and penalties.

    In addition to the IRS, the firm’s partners have had contact with prosecutors in the main Justice Department in Washington and FBI agents in Little Rock, Ark. And last week, a federal prosecutor suddenly asked for documents from their private investigation.

    The memo also claims Kessel confirmed to the private investigators that private lawyers reviewed the foundation’s practices — once in 2008 and the other in 2011 — and each found widespread problems with governance, accounting and conflicts of interest.

    “I have addressed it before and, let me tell you, I know where all the bodies are buried in this place,” the memo alleges Kessel said.

    The 48-page submission, dated Aug. 11, 2017, supports its claims with 95 exhibits, including internal legal reviews that the foundation conducted on itself in 2008 and 2011. –The Hill

    As Solomon noted in January, the Little Rock FBI field office has been spearhandling an investigation into pay-for-play schemes and tax code violations according to law enforcement officials. 

    The officials, who spoke only on condition of anonymity, said the probe is examining whether the Clintons promised or performed any policy favors in return for largesse to their charitable efforts or whether donors made commitments of donations in hopes of securing government outcomes.

    The probe may also examine whether any tax-exempt assets were converted for personal or political use and whether the Foundation complied with applicable tax laws, the officials said. –The Hill

    Meanwhile, the Clinton Foundation has been under investigation by the IRS since July, 2016 according to a January report by the Dallas Observer – after 64 GOP members of congress received letters urging them to push for an investigation. The investigation is being handled by their Dallas office – far away from Washington insiders.

    FBI Offices, Little Rock, Arkansas

    “There is probable cause that the Clinton Foundation has run afoul of IRS rules regarding tax-exempt charitable organizations and has acted inconsistently with its stated purpose,” MDA alleged in its memo, adding “The Foundation should be investigated for all of the above-mentioned improprieties. The tax rules, codes, statutes and the rule of law should and must be applied in this case.”

    Foundation officials confirmed that Kessel met with MDA investigators, but said that he “strongly denies that he said or suggested hat the Clinton Foundation or President Clinton engaged in inappropriate or illegal activities.” 

    “Mr. Kessel believed he was meeting an old professional acquaintance who was looking for business from the Foundation,” the foundation added in a statement. 

    MDA was specifically created to investigate 501c3 charities, and researched the Clinton Foundation at its own expense in the hope that the whistleblower submission they compiled might result in a government reward if the IRS was able to corroborate wrongdoing and recover tax dollars

    The IRS sent multiple letters in 2017 and 2018 to MDA Analytics, confirming it had received the submission and it was “still open and under active investigation.” But, shortly before last month’s election, the agency sent a preliminary denial letter indicating it did not pursue the allegations for reasons that ranged from a lack of resources to possible expiration of the statute of limitations on some allegations.

    I asked a half-dozen former federal investigators to review the submission and key evidence; all said the firm’s analysis of tax-exempt compliance issues would not be that useful to federal agencies that have their own legal experts for that. But they stressed the evidence of potential criminality was strong and warranted opening an FBI or IRS probe. –The Hill

    According to retired FBI supervisory agent Jeffrey Danik, MDA’s work is “a very good roadmap for investigation, adding “When you have the organization’s own lawyers using words like ‘quid pro quo,’ ‘conflicts of interest’ and ‘whistleblower protections,’ you have enough to get permission to start interviewing and asking questions.” 

    While some of the documents MDA submitted were marked as attorney-client privileged, Danik doesn’t think that should be an issue for federal investigators – given that since special counsel Robert Mueller “got the OK to investigate Michael Cohen and his attorney-client communications with President Trump, I imagine that hurdle could be overcome under the crime-fraud exception.” 

    Meanwhile, next week a GOP Congressional subcommittee led by Rep. Mark Meadows (NC) will review the work of John Huber – the US attorney designated a year ago by then-Attorney General Jeff Sessions to investigate “all things Clinton.” The hearing will establish how much money and resources Huber has dedicated, and whether we can expect to see any recommendations regarding Hillary Clinton’s transfer of classified information from her insecure private server, along with the foundation’s activities. 

    To that end, a prosecutor working under Huber called MDA analytics last week and requested copies of their Clinton Foundation evidence, according to Solomon. 

    A prosecutor working for Huber called MDA Analytics last week, seeking copies of their evidence, according to sources. The firm told the prosecutor that the FBI has possessed the evidence in its Little Rock office since early 2018, the sources said.

    Some evidence that MDA investigators cited is public source, such as internal foundation reviews hacked in 2016 and given to WikiLeaks. Other materials were provided to the investigators by foreign governments that have done business with the charity, or by foundation insiders.

    One of the nonpublic documents is an interview memo the MDA Analytics investigators penned after meeting with Kessel in late November 2016 at the Princeton Club in New York City. –The Hill

    Kessel’s inadvertent admissions, meanwhile, track closely with comments made in 2008 written by a private lawyer named Kumiki Gibson – who the Clinton Foundation hired to study its governance. Gibson flagged concerns over improper commingling of charitable and private business

    “The work of the Foundation and the President are intertwined in a way that creates confusion at, and undermines the work of, the Foundation at virtually every level,” he wrote, warning that such actions pose “reputational and legal challenges, and with confusion, inefficiencies and waste.”

    Specifically, the memo warned the foundation had not created policies and procedures “required by law” and that some of its leaders “appear to have interests that do not always align with those of the Foundation.”

    It also raised the possibility of illegal activities, saying the foundation and its managers held an “anti-compliance attitude” and that there were lower-level employees who “begged” for whistleblower protections after witnessing “less than fully compliant behavior or even worse are asked to participate in or condone it.” –The Hill

    Meanwhile, a 2011 review by the law firm Simpson Thatcher noted “material weaknesses” found by auditors in 2009 and 2010, such as a lack of board meetings and unsigned board minutes – and also found that some foundation employees “abuse expense privileges,” while others had conflicts of interest. 

    We look forward to hearing anything further from Solomon and The Hill on whatever Huber has been up to. 

  • "Blade Runner" Eye-Scanning Lie Detector May Be Coming To A Dystopian Future Near You

    A futuristic eye-scanning lie detector reminiscent of the Voight-Kampff device in Blade Runner may be coming to a dystopian future near you. 

    Funded by billionaire Mark Cuban and released in 2014 by startup Converus, the “EyeDetect” examines things like pupil dilation, blink rate and other eye movements to determine whether a person is lying, reports Mark Harris of Wired, who traveled to Converus’ testing center north of Seattle to check it out. 

    Released in 2014 by Converus, a Mark Cuban–funded startup, EyeDetect is pitched by its makers as a faster, cheaper, and more accurate alternative to the notoriously unreliable polygraph. By many measures, EyeDetect appears to be the future of lie detection—and it’s already being used by local and federal agencies to screen job applicants. –Wired

    The device is “largely automatic” writes Harris – who notes that it does not suffer from one of the major pitfalls of polygraph lie detectors; human operators who can introduce their own biases when they analyze and interpret tests. According to former police chief and Converus employee Jon Walters, EyeDetect is bias-free – and claims to have an accuracy rate of 86 percent – vs. 60-75 percent accuracy of a polygraph

    Wired‘s own research refutes this, however, finding through public records requests that “like polygraphs, EyeDetect’s results may introduce human bias an manipulation into its results.”

    “Converus calls EyeDetect a next-generation lie detector, but it’s essentially just the same old polygraph,” says transparency activist and independent researcher, Vera Wilde, who has studied polygraphs for several years.”

    “It’s astounding to me that there are paying customers deploying this technology and actually screening people with it,” said William Iacono – a professor of neuroscience, psychology, psychiatry and law at the University of Minnesota. 

     In a study from 2013, the National Security Agency used an early version of EyeDetect to identify NSA employees who had taken a cellphone into a secure area, a minor security violation. The test accurately identified just 50 percent of those guilty of the mistake (the same as you would expect from chance) and just over 80 percent of those innocent. –Wired

    Still, Converus already has attracted a mountain of interest for its new device – claiming to have “close to 500 customers in 40 countries,” most of whom are using it to screen job applicants. The list of buyers includes the federal government, as well as 21 state and local law enforcement agencies. 

    The State Department recently used the system to vet local hires at the US Embassy in Guatemala to the tune of $25,000 taxpayer dollars, according to Wired.  

    Converus told WIRED that a Middle Eastern country has purchased EyeDetect and is planning to use it to check whether people entering the country are associated with terrorist activity. In an email to the Salt Lake City Police Department last year, obtained through WIRED’s public records requests, a Converus executive wrote that the company had “been identified as the solution for ‘extreme vetting’ by the new [Trump] administration.” (Though there were discussions with the Trump administration about using EyeDetect for vetting, Converus says the administration never committed to using EyeDetect.) –Wired

    The test takes 30 minutes, as opposed to the 2-4 hours required to conduct a polygraph, while the device is also comfortable vs. the traditional cyborg-looking polygraph setup.

    “When I was wired up for the polygraph, it was kind of intimidating,” said Walters. “Here you just sit and look into the machine.”

    Harris describes his own test: 

    I settle in for a demonstration: a swift 15-minute demo where the test will guess a number I’m thinking of. An infrared camera observes my eye, capturing images 60 times a second while I answer questions on a Microsoft Surface tablet. That data is fed to Converus’ servers, where an algorithm, tuned and altered using machine learning, calculates whether or not I’m being truthful.

    He asks me to pick a number between 1 and 10 and write it on a scrap of paper before I sit down in front of the EyeDetect camera. Walters instructs me to lie about my chosen number, to allow the system to detect my falsehood. If I beat it, Walters promises to give me $50. (Journalistic ethics mean I’d pass any winnings along to a charity.)

    A series of questions flash across a screen, asking about the number I picked in straightforward and then roundabout ways. I click true or false to each question. The EyeDetect camera feels no more intrusive than a normal webcam, and I do my best to keep my face and expression neutral, whether I’m lying or telling the truth.

    Almost immediately after the test is over, the screen flashes a prediction based on my eye motions and responses. EyeDetect thinks that I chose the number 3. I had, in fact, picked the number 1. But when I reach for Walters’ crisp $50 note, he stops me. It turns out that Walters’ interpretation of “a number between 1 and 10” includes only the digits 2 through 9. I had fooled the machine, but only by not playing by its rules. On my next attempt, the system correctly detects my hidden number. –Wired

    Read the rest of Harris’s adventures in futuristic lie-detection tech that may or may not be so accurate here.

  • How Much Do CEOs Of Tech Companies Make Pre-IPO?

    Submitted by Priceonomics

    There have been a flurry of IPOs in 2018, many for companies in the Technology sector. Previously, we looked at the compensation of Fortune 100 company CEOs and we were curious to see how these compared to CEO compensation at Tech companies at their IPO.

    We looked at companies with an IPO in 2018 and the Executive Compensation data in their S-1 filing. Keep in mind, this is annual compensation (salary plus equity awards that year), not the total amount of equity the CEO or founder might previously have earned (for an analysis of founder equity stakes at IPO, please see this past analysis)

    The table below shows CEO compensation at these companies in Fiscal Year 2017, ranked by total compensation.

    Dropbox’s Drew Houston is, by a significant margin, the highest paid CEO, with over $110M in compensation in the year. By comparison, the highest paid CEO of the Fortune 100 companies, Jeff Bewkes of Time Warner, made significantly less, at $49M in annual total compensation.

    Aaron Skonnard (Pluralsight) and KR Sridhar (Bloom Energy) ranked second and third, respectively. Just under half of the companies had total CEO compensation over $1M.

    The base salaries for CEOs here are mostly between $100K to $500K, with the exception of Zscalar and i3 Verticals, whose CEOs are both taking under $25K in total compensation. In fiscal year 2017, Gregory Daily (CEO of i3 Verticals) elected to receive only a nominal salary equal to the employee premiums for health insurance.

    Across all these compensation packages, the base salary represents, on average, 42% of total compensation. If we compare this to the distribution for Fortune 100 CEOs (base salary is 8% of total compensation), it’s relatively low. However, we do see there are obvious outliers – Dropbox CEO Drew Houston’s base salary represented only 0.3% of his overall compensation.

    Next, we compare the CEO’s compensation to the revenue of the company for the previous fiscal year (FY17).

    We can see here there is a slight positive correlation between the CEO’s total compensation and annual revenue (R-squared = 0.33). Dropbox, with the highest paid CEO, is the only company with over $1B in revenue for the fiscal year preceding their IPO. Pluralsight had the second highest paid CEO, but only ranked 15th in terms of revenue, at $167M. Sonos, however, had the second highest revenue, $993M, but their CEO was 19th highest paid.

    With rumored high-profile IPOs in 2019 (such as UberLyftAirbnbPinterestPalantirPostmates), we are interested to see how their CEOs’ salaries compare – stay tuned.

  • North Carolina Election Thrown Into Chaos As Investigators Target "Vote Harvesting" Scheme

    North Carolina’s 9th district congressional race has remained uncertified amid allegations of election irregularities and fraud – in particular surrounding the practice of “harvesting” absentee ballots by which people are paid to go door-to-door and collect uncast votes – an illegal practice in the state. 

    According to NBC, state investigators have been probing election board records in several counties to determine whether there was an organized effort to canvas neighborhoods and collect thousands of absentee ballots – and then not turn them over to election officials. 

    They are especially interested in Bladen County, a rural, low-income area in the southeastern part of the state where investigators are looking at several individuals who turned in requests for absentee ballots on behalf of hundreds of voters.

    The results of the investigation could put in jeopardy Republican congressional candidate Mark Harris’ unofficial lead of 905 votes over Democrat Dan McCready. –NBC

    In particular, a firm hired by GOP candidate Mark Harris employed a felon and known politico, McCrae Dowless, who allegedly worked with a team of family members to “harvest” ballots in Harris’s race against Democrat Dan McCready. 

    On Wednesday, the Charlotte Observer’s editorial board called for a new state election, while top state Democrat on the House Oversight Committee demanded an investigation. 

    “If they can show with certainty that the outcome could not have been changed, they need to certify Mr. Harris and continue to support all state and federal criminal investigations,” said North Carolina GOP executive director Dallas Woodhouse in a Thursday statement, adding “If they can show a substantial likelihood it could have changed the race, then we fully would support a new election.”

    Voters, meanwhile, have been offering personal accounts of how they were tricked into giving up their ballots. 

    Datesha Montgomery told NBC News that a blonde woman came to her door on Oct. 12 and asked if she could collect her absentee ballot.

    “I told her, ‘Sure.’ I had broke the seal in front of her to show it was never opened,” Montgomery said. “I’m telling her who I was voting for, and she was like — she didn’t wanna hear it, so I just like, didn’t say nothing else. I just filled out two blocks, and I gave it to her.

    Montgomery, 27, lives with her 4-year old daughter in a neatly manicured public housing complex named Twisted Hickory just outside of Elizabethtown in Bladen County. She said she gave her unsealed absentee ballot to the woman, believing her to be an election official who would turn the ballot in. 

    But she said two investigators later showed up at her house and told her it had never been submitted. –NBC 

    In another case, a blonde woman appeared at 87-year-old Emma Shipman’s door in the city of Tar Heel – encouraging her to turn in her absentee ballot. Shipman said she wouldn’t give it to the woman. 

    Under North Carolina law, the only people who can legally deliver an absentee ballot are the voter, a relative, or a postal delivery person (USPS, FedEx or UPS). 

    The North Carolina Board of Elections is set to hold an evidentiary hearing on or before December 21 to determine whether irregularities or fraudulent activities were a factor in a “sufficient number of votes” to have changed or tainted the outcome of the election. At question are 14,056 absentee ballots collected by voters across the 9th district. 

    The woman connected to the two ballot harvesting incidents has been identified as Lisa Britt, who has in turn been connected to McCrae Dowless –  a felon and politico convicted of perjury and fraud in the early 1990s. Dowless – known for get-out-the-vote campaigns revolving around absentee ballots, was hired by a firm working for Republican candidate Mark Harris against Democrat Dan McCready, and was rumored to be in line for a $40,000 bonus if Harris won the election. 

    As we detailed on Tuesday, a woman told local news outlet WSOC that Dowless paid her to collect ballots, which she says he never told her was illegal. 

    Dowless was hired by the Harris campaign as well as other local campaigns, according to The Washington Post, to help in Bladen County.

    In an election-night speech at his headquarters, Harris thanked two counties — Bladen and Union — for putting him over the top.

    On Wednesday, the board announced that its newly appointed chairman, Joshua Malcolm, had written a letter directing staff to review and post documents relating to the investigation in an “online portal” for the public to see.

    One of the publicly released documents, an “office record”maintained by the Bladen County Board of Elections, shows that Dowless himself turned in 590 absentee ballot request forms between late August and early October.

    The same document showed that a Jessica Dowless, who was described by BuzzFeed News as a distant relative of Dowless, turned in 185, a total of 775 absentee ballot request forms between the two. –NBC 

    According to an NBC News investigation, documents obtained from an attorney working with Democrats indicate that Jessica Dowless and at least six other people were signed witnesses to over 150 absentee ballot applications. Sandra Dowless – the mother of Lisa Britt (the blonde ballot-harvesting woman) also signed applications along with others. When NBC News contacted Sandra Dowless, she “had nothing to say,” while the network was unable to reach the others. 

  • NYC Evicts Homeless Man, Tears Down Brooklyn Encampment Full Of Garbage, Drum Collection

    A Brooklyn homeless man living in the plaza near a Flatbush subway station was formally evicted by New York City officials on Wednesday, after being served notice of his pending ouster, reports CBS New York.

    The subway plaza is not your home. That was the message sent to Thomas Harris as an army of cops and city workers began carting away a massive homeless encampment he built — and lived in — at Parkside and Ocean avenues.

    He did not go quietly. –CBS

    I’m in a wheel chair – I got one leg!” cried Harris, as police bagged and carted off his belongings. “I don’t need no ambulance,” Harris exclaimed after being offered a ride to the hospital. 

    “Leave me alone!” Harris said. “I don’t bother nobody!”

    Except that according to locals, Harris has been a longstanding nuisance in the area. 

    Actually, Harris’ jaw-dropping collection of drums, clothes, food and garbage bothered a lot of people, which is why the city served him with a formal eviction notice last week and then showed up Wednesday to enforce it. –CBS

     

  • Mr. Tariff Ups The Ante On China

    Authored by Tom Luongo,

    Donald Trump just jumped the shark calling himself, “Mr. Tariff.”  He believes a trade deficit is akin to stealing the wealth of a nation.  It isn’t.

    Under normal conditions a trade deficit is simply a reflection of the difference in comparative advantage of one country’s workers over anothers.  And the value of the currency is supposed to rise and fall to offset that state of affairs over time.

    Donald Trump has, in the words of David Stockman, “A 17th century view on global trade.”

    It is one born of a complete misunderstanding of how and why trade imbalances occur, why they will re-balance if allowed and why, ultimately, they are irrelevant.

    But, Trump can’t or won’t see it that way.  He refuses to accept that we are the creators of our persistent trade deficit with China.  That the trade deficit stems from running budget deficits and applying Keynesian counter-cyclical monetary policy or, worse, QE to protect domestic asset prices.

    It also stems from our being the world’s reserve currency which places an insane demand on the Fed to keep the flow of dollars rising to liquefy global trade.

    He complains that international tariffs regimes are unfair.  But, as Stockman has consistently pointed out tariff levels globally are nearly non-existent running at around 3% on average.  This is the period of freest trade we’ve seen in the era of the modern nation state, but Trump looks at these niggling things, these small things and can’t see the forest for them.

    Mr. Inflexible

    It speaks of ideological possession on the subject.  It speaks to inflexibility of mind.

    “Germany taxes our cars too high, slap a tariff on them.”  He’s obsessed with German car exports.  Germans don’t buy GM’s because they are shitty cars, not because they are more expensive.

    A level playing field won’t help a company handed over to the UAW, stiffing the bondholders, and run by morons.  The only reason GM still functions is because they make bad cars to sell to people who can’t afford a good car and ‘patriots’ who buy Silverados instead of F-150s.

    “Canada won’t buy our milk,slap on tariffs and threaten NAFTA,” cries Mr. Tariff.  Not that NAFTA shouldn’t just be abolished completely, but whatever, Trump doesn’t believe in free trade, he believes in extortive trade because, ‘Merica First.

    If China won’t import our oil but buys Iran’s instead, then they are our enemy then we sanction them and extort higher imports of it.

    It’s all childish and immoral in a way that is, frankly, embarrassing to anyone with three working brain cells to rub together and make a spark.

    But, the real undercurrent in all of this is Trump’s obsession with China ‘stealing our technology’ and leap-frogging the U.S. as a technology leader.

    Which way on Huawei?

    And that’s why Huawei’s CFO was arrested in Canada while Trump was negotiating with Chinese Premier Xi Jinping over the weekend over the company violating U.S. sanctions on Iran.

    Leaving aside the pure insanity of Canada arresting a Chinese national for her company violating U.S. sanctions on Iran which China was not a party to, this is a dangerous escalation by the U.S. over what is, essentially, something that is ultimately not enforceable, U.S. technology licensing.

    It’s simply bullying.  But, since Trump is a bully, what else is new?

    But, the real issue here is that, in very short order, Huawei has become a global leader in 5G infrastructure technology which the U.S. is falling behind on.  And now with this arrest Trump is betting that he can scare everyone else into not buying their superior products through the ruinous application of sanctions policies.

    The West has been systematically cutting Huawei out of the global 5G rollout because of ‘security’ concerns. More like profit concerns.  It is, simply, typical protectionism by Mr. Tariff himself.

    And he’s made no bones about any of this.  Trump has stated quite emphatically that all a policy has to do is pass his ‘America First’ sniff test and it’ll get implemented.

    And since he’s not a deep thinker, all he cares about are first-order effects and how he can sell it on his Twitter feed to his now brain-dead base who believes all of this ‘China hacked muh everything’ narrative we’re being inundated with all of a sudden.

    Trump knows that now China’s tech industry isn’t just the manufacturing arm of U.S. multinationals.  We’re staring at equivalence in a lot of areas.  And the rate of catch up China is playing in this arena is threatening our long-term competitiveness.

    Hence going after Huawei, a phenomenal success story, and ZTE.  While Apple focuses on tactical things like end-user products — phones, watches, and media services — Huawei started there, creating homegrown Chinese variants of the iPhone and built a company focused on the future of communications infrastructure, 5G, with the end-user product the face of the company to build Apple-like brand loyalty in China.

    This is the public face of the future trade war.  Will Americans continue buying, say, iPhones and watches over their Chinese knock-off counterparts at half the price?

    Flow not Stock, Don

    So, I understand completely Trump’s problem with the current situation and the past that led to this state of affairs.  What I disagree with is the magic of tariffs to reverse the flow of capital out of the country.

    He’s taken some steps in the right direction — tax cuts, tax amnesty for repatriating offshore corporate profits, lowering certain regulations — but that’s not nearly enough.  It can’t and won’t solve the real problem of the expense of doing business in the U.S.

    His critics on the left are right that a lot of those tax breaks didn’t go to fund new sustainable growth and that a lot of it went to fuel buybacks and pay dividends.  But they miss the reason why, it isn’t because Trump wanted to repay his corporate overlords, it’s because idiotic leftist policy inertia and insane monetary policy has kept the cost of business expansion higher than protecting the corporate balance sheet or returning the money to shareholders.

    His $1 trillion per year deficit, itself a source of the trade imbalance with China, will explode now that his growth story is dying, emerging markets are starved for dollars, supply chains are freezing up because of the U.S.’s increasingly erratic behavior and debt levels around the world choking out growth.

    Trump wants a weaker dollar, and for a little while he may get it as the market misreads what’s happening here.  Any Fed dovishness will be seen as dollar negative versus being globally accommodative to worsening economic conditions amplifying debt servicing costs.

    His classic mercantilist mindset will applaud this and it might abate the worsening trade deficit numbers for a time, but it won’t change the trend against him regardless of the Fed raising rates or not in 2019.

    The world economy is deflating and Trump’s tariffs, arrests and sanctions only tell people that capital is not welcome in the U.S.  His only saving grace in 2019 is that the leadership in Europe is even dumber on these issues than he is.

    The consumer is ultimately sovereign.  It’s their money and its their time.  If you are so arrogant as to believe you are indispensable to your customers you will find out very quickly what they think of that.  And customers of the U.S. dollar are rapidly coming to the conclusion that the cost of doing business in it is too high.

    In the game of global capital you don’t have to be good, you just have to treat it slightly better than everyone else to see the inflows come your way.  Trump is alienating everyone and ensuring that companies like Huawei find ways to never do business with the U.S. ever again.

    *  *  *

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  • Payrolls Preview: A Bezos Boost But Beware Stormy Weather

    On the heels of a disappointing ADP print which Mark Zandi warned signaled “the peak of the jobs cycle,” the November payrolls data remains likely to show hiring momentum remained solid if ‘soft’ survey data is anything to go by combined with the seasonal benefits of strong retail hiring ahead of the holiday season. However, as Goldman Sachs notes, a drag from winter storms, and given rising jobless claims and tighter financial conditions, the underlying pace of job growth may have also slowed somewhat.

    Notably, consensus has tended to underestimate November payrolls by an average of roughly 30k over the last five years. Meanwhile, October payrolls could be revised higher as was the case in the previous two years, when hurricane disruptions may have delayed some data reporting. October payrolls were then revised up by an average 18k in the following month.

    Bloomberg also points out that the seasonal adjustment factor applied to November payrolls reflects a recurring pickup in the pace of job creation, partly due to holiday-related hiring. The adjustment typically trails October, when the bulk of that rise occurs, and has averaged 249k over the past five years.

    CONSENSUS FORECASTS:

    • Non-farm Payrolls: Exp. 200k, Prev. 250k
    • Unemployment Rate: Exp. 3.7%, Prev. 3.7% (NOTE: the FOMC projects unemployment will stand at 3.7% at the end of 2018, and 4.5% in the longer-run)
    • Average Earnings Y/Y: Exp. 3.1%, Prev. 3.1%
    • Average Earnings M/M: Exp. 0.3%, Prev. 0.2%
    • Average Work Week Hours: Exp. 34.5hrs, Prev. 34.5hrs
    • Private Payrolls: Exp. 200k, Prev. 246k
    • Manufacturing Payrolls: Exp. 20k, Prev. 32k
    • Government Payrolls: Prev.4.0k
    • U6 Unemployment Rate: Prev. 7.4%
    • Labour Force Participation: Prev. 62.9%

    PRIMARY DEALER FORECASTS:

    Average: 197k (Median: 200k, High: 230k, Low: 140k)

    • Barclays: 200k
    • BMO: 190k
    • BNP Paribas: 225k
    • BAML: 200k
    • Citi: 205k
    • Credit Suisse: 205k
    • Daiwa: 180k
    • Deutsche Bank: 200k
    • Goldman Sachs: 185k
    • HSBC: 185k
    • Jefferies: 220k
    • JPMorgan: 175k
    • Mizuho: 175k
    • Morgan Stanley: 198k
    • NatWest Markets: 205k
    • Nomura: 175k
    • RBC: 220k
    • Scotiabank: 200k
    • Societe Generale: 230k
    • TD: 215k
    • UBS: 140k
    • Wells Fargo: 215k
       

    The Headlines – via Ransquawk

    Year-to-date, payroll growth has averaged 218k, 216k over the last three-months, and 213k over the last six months. All of these outcomes are well above the pace necessary to keep the unemployment rate unchanged, indicating demand for labour remains strong,” Westpac says, adding that “this strength in employment will see downward pressure remain on the unemployment rate, though the next step lower is more likely in a few months’ time than November.”

    Goldman is more downbeat than most estimating nonfarm payrolls increased 185k in November (mom sa), compared to +198k consensus, +250k in October and the three-month average of +218k, with unseasonably high snowfall in the Northeast and Midwest expected to weigh on payrolls in tomorrow’s report.

    Arguing for a weaker report:

    • Jobless claims. Initial jobless claims have rebounded, averaging 218k over the five weeks between the payroll reference periods and up from the cycle lows during the September payroll month (average of 206k). While initial claims in the November payroll month only returned to their July averages, the uptrend has continued (the current 4-week moving average is 228k), and we believe these increases reflect a legitimate sequential rise in layoff activity. Continuing claims have also increased, rising 67k between the October and November survey weeks. While they declined in the most recent report, this occurred after the November payroll month had ended, and we also cannot rule out seasonal adjustment distortions related to the Thanksgiving holiday. Taken together, the claims reports in recent weeks raise the possibility that job growth could be slowing somewhat, perhaps influenced by the tightening in financial conditions.

    • Winter weather. We believe snowstorms during the survey period in the eastern half of the United States weighed on November payroll growth. Our population-weighted snowfall dataset was 1½ inches above normal during the survey week (see Exhibit 1), and we are assuming a drag from winter weather of between 15k and 25k in tomorrow’s report. The wildfires in California could also weigh on November job growth (perhaps by an additional 3-6k).

    Exhibit 1: Winter Storms during the Survey Week Likely Weighed on November Payroll Growth

    Source: National Centers for Environmental Information, National Oceanic and Atmospheric Administration, Department of Labor, Goldman Sachs Global Investment Research

    • Company-level one-offs. We expect a few company-level developments to weigh on payroll growth in tomorrow’s report, with a combined drag of 10k or more. Within the retail industry, we expect a continued drag from store closings (Sears closing 46 stores by November, Steinhoff Mattresses closing 200 stores starting in October, Lowe’s closing 20 stores). Layoff programs at Verizon (44k employees eligible) and General Motors (14k workers affected over the next year) could also weigh on job growth in tomorrow’s report and in coming months.

    • ADP. The payroll-processing firm ADP reported a 179k increase in October private payroll employment—16k below consensus and the slowest pace in three months. While higher jobless claims may have weighed on the ADP model this month, we also expect a larger drag from winter storms in the BLS measure, which is generally more sensitive to weather.

    • Service-sector surveys. Service-sector business surveys were mixed in November, as our headline non-manufacturing tracker increased by 0.5pt, but the employment component declined (-1.6pt to 54.8). Similarly, while the headline aggregate of the ISM non-manufacturing survey increased, the employment component pulled back. Despite the sequential weakness, we note that most employment surveys remain at firm levels (see Exhibit 2). Service-sector job growth rose 179k in October and averaged 155k over the last six months.

    Exhibit 2: Employment Surveys Have Retrenched but From Elevated Levels

    Arguing for a stronger report:

    • Holiday retail hiring. Thanksgiving was particularly early this year (November 22), and this could increase the number of holiday retail employees reflected in the November establishment survey. Retail job growth tends to be strong in similar calendar configurations, accelerating in each of the last four instances (2006, 2007, 2012, and 2017). Last November, for example, retail employment rose 27k, its fastest pace of the year. This, coupled with strong consumer fundamentals ahead of the holiday shopping season, should support retail job growth despite a continued drag from store closings (discussed above).

    • Post-hurricane reboundJob growth tends to rebound above-trend after a major disaster. And while employment already rebounded in the Carolinas following Hurricane Florence (+47k in October after -28k in September), we believe Hurricane Michael may have reduced October job growth in Georgia (+2k after +19k) and the Florida panhandle. On net, we note the possibility of a modest further boost from these effects in tomorrow’s report.

    • Job availability. The Conference Board labor market differential—the difference between the percent of respondents saying jobs are plentiful and those saying jobs are hard to get—rose 2.4pt to +34.4 in November, a new cycle high. JOLTS job openings modestly declined from a cycle high in the most recent report (7,009k in September).

    Neutral factors:

    • Manufacturing surveys. Manufacturing-sector surveys were mixed in November but generally remain at elevated levels. Our manufacturing employment tracker edged up after falling for four straight months (+0.2pt to 57.5). Both the headline aggregate and employment subcomponent of the ISM manufacturing survey increased against expectations for a modest decline in November. Manufacturing payroll employment rose 32k in October and has increased by 21k on average over the last six months.

    • Job cuts. Announced layoffs reported by Challenger, Gray & Christmas decreased by 13k in November to 53k (SA by GS). On a year-over-year basis, announced job cuts rose 18k, mostly reflecting announced layoffs in the automotive sector (+13k yoy) that will take place gradually.

    • Tariff uncertainty. Trade tensions have escalated in recent months, with the White House imposing a 10% tariff on $200bn worth of Chinese imports on September 24th(and the “pause” announced at the G20 occurring after the November survey week). We continue to expect that the growth and employment effects of trade frictions will be modest in the US, and accordingly, we are not embedding an explicit drag in our November payroll estimates. That being said, we note the risk that increased uncertainty or the prospect of retaliatory tariffs may have weighed on hiring.

    Goldman sees the November unemployment rate remaining stable at 3.7% after rising 0.05pp to 3.74% in the October report. Despite signs of slowing, we believe the pace of job growth remains above the demographic trend, and the participation rate (62.9% in October) now appears somewhat elevated and may retrench (this would lower the unemployment rate, other things equal). At the same time, we believe the risks are skewed towards a higher jobless rate in tomorrow’s report, given the 67k increase in continuing claims from survey week to survey week (see left panel of Exhibit 3). Additionally, the early Thanksgiving this year suggests the household survey may miss some holiday seasonal hiring. For example, last November (also an early Thanksgiving), the unrounded jobless rate rebounded (to 4.12% from 4.07%), reflecting a sharp rise in youth unemployment (+2.2pp to 15.9% for ages 16-19) that was particularly pronounced among part-time workers. These distortions subsequently unwound in December, echoing a similar pattern in previous instances (see right panel of Exhibit 3).

    Finally, Goldman estimates average hourly earnings increased 0.3% month over month, with the year-over-year rate moving to a cycle high of 3.2%. This reflects somewhat favorable calendar effects, as the survey week ended on the 17th. Additionally, we see scope for a rebound in supervisory earnings, as October average hourly earnings (+0.18%) underperformed relative to the production and nonsupervisory subset (+0.31%). Finally, we expect a modest boost from hourly wage hikes at Amazon, perhaps worth 0.01-0.04pp in November.

    * * *

    Bloomberg’s Christopher Condon details what some economists expect from the report:

    Wells Fargo

    “Admittedly showing some signs of modest slowing in one of the important secondary employment indicators, the underlying pace of job growth remains strong as evidenced by historically low initial jobless claims, healthy private-sector employment sentiment, and consumers’ assessment of the labor market continuing to make fresh cycle highs,” wrote economist Sam Bullard, who projects 200,000 new jobs. He noted a variety of wage measures inching up in recent months. “Against a tight labor market, combined with Amazon increasing its minimum wage last month, we look for average hourly earnings to rise 0.3 percent in November. If realized, that would take the annual rate to 3.2 percent — the fastest annual pace in nearly a decade.”

    Grant Thornton

    Chief Economist Diane Swonk projects 185,000 new jobs. “We expect to see solid job creation but it will appear weaker month-on-month compared to the distortions in October’s data,” she said. “Our forecast shows average hourly earnings up 0.2 percent for November, which would translate to a 3.1 percent gain on a year-over-year basis.”

    TD Securities

    “The jobs report is shaping up to be hawkish across the board,” wrote strategist Michael Hanson, who forecast 215,000 jobs. He said employment growth will likely revert to trend and “remain strong in line with the resilience seen in job surveys, from regional Fed surveys to ISM indicators which on balance remain consistent with payrolls running at a +200k pace.” On wages, Hanson expects a 0.3 percent gain from the prior month, helped by recent pay increases at Amazon.com Inc., and 3.2 percent year-on-year growth.

    Societe Generale

    “One source of strength in November could be the retail sector,” wrote Omair Sharif, senior U.S. economist, who predicted 230,000 new jobs. He cited a jump in the industry’s job openings from a year earlier and said if that and “additional wage and other perks are any indication, retailers likely boosted hiring heading into November.” Sharif sees average hourly earnings rising 0.3 percent from the prior month and 3.2 percent on an annual basis.

    Bloomberg Economics

    “Strong growth earlier this year should ensure the economy creates jobs at a robust pace into year-end,” economists Yelena Shulyatyeva, Tim Mahedy and Carl Riccadonna wrote in a note. “The composition of job gains will provide clues on which sectors will drive hiring in 2019. As the Fed continues to tighten policy, the housing and auto sectors will likely get hit by rising interest rates.” Bloomberg Economics projects a payroll gain of 240,000 and a 0.2 percent rise in average hourly earnings from the prior month.

  • France Deploys 89,000 Cops Amid Fears Of Yellow Vest Rebellion On Saturday

    French authorities will deploy at least 8,000 riot police and gendarmes in Paris on Saturday, and 89,000 forces across the country according to the Prime Minister, as the Elysee prepares for “act four” of the Yellow Vest movement’s violent protests against the Macron government. 

    In addition to the closure of the Eiffel Tower on Saturday, several Paris museums have announced that they won’t be open this weekend. 

    “The demonstrations announced Saturday, December 8 in Paris cannot guarantee the safety of visitors, the Sete has made the decision to close the Eiffel Tower,” announced the Societe de la Tour Eiffel which operates the monument. 

    Despite Macron’s government delaying a planned fuel hike by six months, the Yellow Vest movement has called on its followers to “stay on our course,” over Facebook and gather for “The Act IV”  on Saturday the 8th, in what will be the fourth week of protests. 

    Coup attempt?

    French intelligence services have reported to the Elysee Palace – the official residence of President Macron, in light of “calls to kill” and “carry arms to attack” government officials, parliamentarians and police, according to Le Figaro. “They are putschists. We are in a coup attempt,” said Le Figaro‘s sources. 

    On Thursday, Yellow Vest leader Eric Drouet said “Saturday will be the final outcome. Saturday is the Elysee,” adding “we all would like to go to the Elysee.” 

    Le Figaro also reports that Saturday’s demonstrations may involve unprecedented violence, as it may include “a hard core radicalized” element,  from “both the extreme right and extreme left.” 

    https://platform.twitter.com/widgets.js

    Four people have died over the last several weeks of protests across France – including an 80-year-old woman who died of shock after a police tear-gas canister was launched into her apartment window as she was trying to close it. Over 400 people were arrested in last weekend’s violent protests, while more than 130 were injured. 

    Macron’s administration has struggled to calm the protesters – initially delaying a planned fuel tax hike by six months, and then floating a tax increase for the wealthy. Thus far, none of it has worked. 

    Yellow Vest protesters recently told Russian state-owned RT that the government has lost touch with its people, and that they have to “put humane attitude first, and not the money.” Another protester said that they “would prefer to be at work, than to find [themselves] on the streets shouting, hoping for nothing.”

     

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Today’s News 6th December 2018

  • Is China Really More "Dystopian" Than The UK?

    Authored by Andrew Korybko via Oriental Review,

    RT reported that the UK’s so-called “National Data Analytics Solution” will see an algorithm process whichever of 30 separate data points have been recorded about a person in local and national police databases in order to predict which members of the population are most likely to commit a crime or be victimized by one, after which the state will dispatch local health and social workers to offer “counseling” to them in an attempt to prevent the computer’s envisioned scenario from transpiring.

    This program is being likened to the 2002 film “Minority Report” and carries with it a vibe of China’s controversial “social credit” system, albeit without any “rewards” being offered for law-abiding behavior. In fact, one can actually make the claim that instead of the UK copying China to a degree, it was actually China that learned from the UK seeing as how the island nation’s mass surveillance system used to be far ahead of the communist nation’s one.

    The problem with “pre-crime” technology, however, is that it straddles the fine line between security and liberty in what is supposed to be a “democracy”, therefore making it uncomfortably out of place in the UK while being much more natural to implement in centrally controlled societies like China’s. While the European country insincerely pretends to be a “democracy” in the Western sense of how this system is commonly assumed to function, the East Asian one makes no such pretenses and is proud of having a different organizational model, which should be doubly disturbing for any British citizen because it means that their “democratically elected government” is actually less forthcoming about its nationwide surveillance strategy than comparatively more centralized China’s is. No value judgement is being made about either country’s governing system, but the purpose of this comparison is to point out the surprising similarities between the two that are usually lost on most observers.

    For as much as China is demonized for taking proactive security measures against Uighurs who the state fears are at risk of succumbing to terrorist ideologies, the UK will essentially be channeling the same spirit of this strategy through its “National Data Analytics Solution” with what can only be assumed are the ethno-socio minority groups in the country that are statistically more at risk of committing crimes or being victimized by them.

    The difference, however, is that drawing attention to this doesn’t serve the US’ geopolitical interests because it has nothing to gain by destabilizing the UK and possibly imposing sanctions against it for supposedly violating these subjects’ “human rights”, unlike its stance towards China in this respect. While many are fretting that “East Asia” is pioneering the way for Orwell’s 1984 to come to life, they’d do well to consider just how much “Oceania” has already done to make this a reality too.

  • How U.S. And Russian Nuclear Arsenals Have Evolved

    On Tuesday, the Russian seizure of three Ukrainian Navy vessels was expected to be the dominant topic at a meeting of NATO foreign ministers in Brussels. But, as Statista’s Niall McCarty notes, the subject of nuclear weapons dominated the list of topics with U.S. Secretary of State Michael Pompeo intent on drumming up support among NATO countries for the contention that Russia violated the 1987 Intermediate-Range Nuclear Forces Treaty (INF Treaty).

    Back in October, President Trump announced that the U.S. would pull out of that treaty due to Russia’s lack of compliance. That news was greeted with concern in Europe where NATO has credited the INF Treaty as being crucial in ensuring security over the past 30 years. The agreement eliminated all short and medium-range nuclear and conventional missiles as well as their launchers.

    Even though Trump announced the U.S. would withdraw, questions have been raised about whether he can actually remove the country from Senate-approved treaties without Congressional approval. Despite the uncertainly surrounding the fate of the INF Treaty, a senior State Department official said that the U.S. wants to “stay in sync” with its European allies.

    After Trump made his intentions clear in October, experts warned that it could lead to the most serious arms control crisis since the 1980s. The following infographic uses Federation of American Scientists datato show that those warnings are not unfounded…

    Infographic: How U.S. And Russian Nuclear Arsenals Evolved | Statista

    You will find more infographics at Statista

    It provides an overview of U.S. and Soviet/Russian nuclear arsenals since the 1950s. Treaties such as the one signed in 1987 have proven vital in reducing the number of nuclear weapons controlled by the Americans and the Russians.

  • Why Can The CIA Assassinate People?

    Authored by Jacob Hornberger via The Future Of Freedom Foundation,

    Given that we have all been born and raised under a regime that has the CIA, hardly anyone questions the power of the CIA to assassinate people.

    The CIA’s power of assassination has become a deeply established part of American life.

    Yet, the Constitution, which called the federal government into existence and established its powers, does not authorize the federal government to assassinate people.

    If the proponents of the Constitution had told the American people that the Constitution was bringing into existence a government that wielded the power to assassinate people, there is no way that Americans would have approved the deal, in which case they would have continued operating under the Articles of Confederation.

    Under the Articles, the powers of the federal government were so weak, it didn’t even have the power to tax, much less the power to assassinate people. That’s because our American ancestors wanted it that way. The last thing they wanted was a federal government with vast powers.

    In fact, the purpose of the Constitutional Convention was simply to amend the Articles of Confederation. During the 13 years of operating under the Articles, problems had arisen, such as trade wars between the states. The convention was intended to fix those problems with amendments to the Articles.

    Instead, the delegates came out with an entirely different proposal, one that would call into existence a federal government that had more powers, including the power to tax.

    Americans were leery. The last thing they wanted was a powerful central government. They had had enough of that type of government as British citizens under the British Empire. They believed that the biggest threat to people’s freedom and well-being lay with their own government. They believed that if they approved a federal government, it would become tyrannical and oppressive, like other governments had done throughout history.

    They were especially concerned with the power of the government to murder people, including citizens. They knew that state-sponsored murder was the ultimate power in any tyrannical regime. When a government can kill anyone it wants with impunity, all other rights are effectively nullified. And our ancestors were sufficiently well-versed in history to know that tyrannical regimes were notorious for killing their own citizens, especially those people who challenge, criticize, or object to the tyranny.

    The proponents of the Constitution told Americans that they had nothing to be concerned about. The Constitution wasn’t calling into existence a government with general powers to do anything it wanted. Instead, by the terms of the document that would be calling the federal government into existence, its powers would be limited to the few powers that were enumerated within the document. Thus, if a power wasn’t enumerated, it didn’t exist and, therefore, couldn’t be exercised. Since the Constitution wasn’t giving the federal government the power to murder people, it couldn’t exercise that power.

    On that basis, our American ancestors approved the deal, but only on the condition that the Constitution would be immediately amended after approval with a Bill of Rights. To make sure that federal officials understood that they didn’t have the power to murder people, the Fifth Amendment was enacted. It prohibited the federal government from killing people without first according them due process of law. It’s worth noting that the protections of the Fifth Amendment are not limited to American citizens. The Amendment prohibits the federal government from murdering anyone, including people who are not U.S. citizens.

    What is due process of law? It’s a phrase that stretches all the way back to Magna Carta in 1215, when the barons of England forced their king to acknowledge that his powers over them were limited. Magna Carta prohibited the king from killing British citizens in violation of the “law of the land,” a phase that evolved over the centuries into “due process of law.”

    Essentially, due process means notice and hearing. It says to the government: “You cannot kill anyone unless you first give him formal notice of the particular criminal offense that you are claiming warrants killing him.” Then, after notice, there has to be fair trial in which the accused has the right to be heard. The Sixth Amendment ensured that people would have the right of trial by jury because our ancestors didn’t trust judges or tribunals.

    And so it was that the American people lived in a society for more than 150 years in which the federal government lacked the power to assassinate people, which is really just a fancy word for murder. A governmental assassination is the state-sponsored killing of a person without notice and trial — that is, without due process of law.

    The situation changed after World War II, when the federal government, in a watershed event, was converted from a limited-government republic into what is known as a “national-security state,” a type of governmental system that is inherent to totalitarian regimes. U.S. officials maintained that the conversion was necessary in order to confront the Soviet Union, a communist state, which itself was a national-security state. The idea was that in order to defeat the Soviet Union in the Cold War, it would be necessary for the United States to adopt, temporarily, its same type of national-security state system.

    In 1947, the CIA was called into existence as part of this new national-security state. President Truman, the president who was responsible for the federal government’s conversion to a national-security state, intended for the CIA to be strictly an intelligence-gathering agency. But someone slipped a bit of nebulous language into the law that called the CIA into existence, which the CIA seized upon to justify the adoption of omnipotent powers, including the power to assassinate people with impunity, so long as the assassination was to protect “national security.” Needless to say, the CIA had the omnipotent power to make that determination.

    As monumental as the conversion to a national-security state was, it was not done through a constitutional amendment. The Constitution continued to be the supreme law that governed the operations of the federal government, including the CIA. Thus, since the Constitution did not give the federal government the power to assassinate people and since the Fifth Amendment expressly prohibited the federal government from assassinating people, the U.S. Supreme Court and the rest of the federal judiciary had the responsibility to declare the CIA’s power to assassinate people unconstitutional.

    Unfortunately, however, in a national-security state power is everything and especially omnipotent power. Recognizing that as a practical matter, there would be no way that the federal judiciary could keep the CIA from assassinating people in the name of protecting “national security,” the federal courts went silent or even supportive.

    In 1989 the Cold War ended. Yet, we still have a national-security state and we still have a CIA with the power to assassinate people, including Americans. Why is that?

  • PETA Publishes Laughable List Of 'Animal Friendly' Phrases To 'Fight Speciesism'

    If animals could talk, they’d probably ask PETA to kindly mind its own business.

    Hundreds of thousand of cows, pigs and chickens are slaughtered in American factory farms every day (a ‘moral outrage’ that one might expect would occupy more of PETA’s messaging budget), the organization – which has hundreds of celebrity members (not unlike the Church of Scientology) – has instead devoted its latest PR campaign to combating ‘speciesism’. That’s right: PETA is trying to stop people from being ‘racist’ against chickens.

    In a hilarious chart published by PETA this week (the graphic has since gone viral, which, now that we think about it, may have been the point), PETA suggested a few handy ‘PC’ phrases that people can use to combat ‘speciesism’ by replacing a few common idioms with phrases that are more ‘animal friendly.’

    For example: Instead of saying ‘kill two birds with one stone’, people should instead say ‘feed two birds with one scone’. Or in place of the phrase ‘beat a dead horse’, PETA recommends saying ‘feed a fed horse.’

    https://platform.twitter.com/widgets.js

    PETA’s chart provoked a few ‘thoughtful’ responses on social media, from vegans and non-vegans alike.

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    A few also took issue with PETA’s equating ‘speciesism’ with homophobia, sexism and racism.

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    And after perusing the responses to PETA’s tweet, we’d like to suggest a few additional substitutions for ‘speciesist’ language.

    • Bring home the bacon – bring home the bagels.
    • More than one way to skin a cat – more than one way to sooth a bat.
    • Don’t have a cow – don’t milk a sow
    • Another day at the circus – another hike with the sherpas

    We could go on…and on…

  • China Outraged At Arrest Of Huawei CFO, Warns It Will "Take All Measures"

    So much for a trade war truce between China and the US, or a stock market Christmas rally for that matter.

    Shortly after the news hit that Huawei CFO Wanzhou Meng — also deputy chairwoman and the daughter of Huawei’s founder — was arrested on December 1, or right around the time Trump and Xi were having dinner in Buenos Aires last Saturday, and faces extradition to the U.S. as a result of a DOJ investigation into whether the Chinese telecom giant sold gear to Iran despite sanctions on exports to the region, China immediately lodged a formal protest publishing a statement at its embassy in Canada, and demanding the U.S. and its neighbor “rectify wrongdoings” and free Meng, warning it would “closely follow the development of the issue” and will “take all measures” to protect the legitimate rights and interests of Chinese citizens.

    Full statement below:

    Remarks of the Spokesperson of the Chinese Embassy in Canada on the issue of a Chinese citizen arrested by the Canadian side

    At the request of the US side, the Canadian side arrested a Chinese citizen not violating any American or Canadian law. The Chinese side firmly opposes and strongly protests over such kind of actions which seriously harmed the human rights of the victim. The Chinese side has lodged stern representations with the US and Canadian side, and urged them to immediately correct the wrongdoing and restore the personal freedom of Ms. Meng Wanzhou.

    We will closely follow the development of the issue and take all measures to resolutely protect the legitimate rights and interests of Chinese citizens.

    Meng’s arrest will immediately heighten tensions between Washington and Beijing just days after the world’s two largest economies agreed on a truce in their growing trade conflict. It will, or at least should, also prompt any US execs currently in China to think long and hard if that’s where they want to be, say, tomorrow when Xi decides to retaliate in kind.

    Meng’s father Ren Zhengfei, a former army engineer who’s regularly named among China’s top business executives, has won acclaim at home for turning an electronics reseller into the world’s second-largest smartphone maker and a major producer of networking gear.

    As Bloomberg notes, the CFO’s arrest will be regarded back home as an attack on China’s foremost corporate champions. While Alibaba and Tencent dominate headlines thanks to flashy growth and high-profile billionaire founders, Ren’s company is by far China’s most global technology company, with operations spanning Africa, Europe and Asia.

    “Tencent and Alibaba may be domestic champions and huge platforms in of their own rights, but Huawei has become a global powerhouse,” said Neil Campling, an analyst at Mirabaud Securities Ltd. It is “5G standards that are at the heart of the wider IP debate and why the U.S. and her allies are now doing everything they can to cut to the heart of the Chinese technology IP revolution.”

    At the same time, Huawei’s technological ambitions have also gotten the company in hot water with the US: its massive push into future mobile communications has raised hackles in the U.S. and become a focal point for American attempts to contain China’s ascendance.

    Going back to the arrest, the U.S. Justice Department declined to comment about the circumstances involving the CFO, although the biggest question on everyone’s mind right now is whether Trump was aware of the pending arrest at the time of his dinner with the Chinese president, and why exactly he had greenlighted the move which would certainly result in another diplomatic scandal, promptly crushing and goodwill that was generated at the G-20 dinner.

    Meanwhile, in a statement, Huawei said the arrest was made on behalf of the U.S. so Meng could be extradited to “face unspecified charges” in the Eastern District of New York.

    “The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng,” Huawei said. “The company believes the Canadian and U.S. legal systems will ultimately reach a just conclusion. Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the UN, U.S. and EU.”

    Tensions between the Chinese telecom giant and U.S. authorities escalated in 2016, when the US voiced concerns for the first time that Huawei and others could install back doors in their equipment that would let them monitor users in the U.S. Huawei has denied those allegations. The Pentagon stopped offering Huawei’s devices on U.S. military bases citing security concerns. Best Buy Co., one of the largest electronics retailers in the U.S., also recently stopped selling Huawei products.

    In August, U.S. President Donald Trump signed a bill banning the government’s use of Huawei technology based on the security concerns. The same month, Australia banned the use of Huawei’s equipment for new faster 5G wireless networks in the country and New Zealand last week did the same, citing national security concerns. Similar moves are under consideration in the U.K. The U.S., which believes Huawei’s equipment can be used for spying, is contacting key allies including Germany, Italy and Japan, to get them to persuade companies in their countries to avoid using equipment from Huawei, the Wall Street Journal reported last week.

    In 2016, the Commerce Department sought information regarding whether Huawei was possibly sending U.S. technology to Syria and North Korea as well as Iran.

    The U.S. previously banned ZTE Corp., a Huawei competitor, for violating a sanctions settlement over transactions with Iran and North Korea.

    The cynics out there may claim that the US response is merely in place to delay the development of the company which in the third quarter overtook Apple as the No. 2 global smartphone maker, shipping more than 52.2 million units according to Gartner Inc.

    “This is what you call playing hard ball,” said Michael Every, head of Asia financial markets research at Rabobank in Hong Kong. “China is already asking for her release, as can be expected, but if the charges are serious, don’t expect the US to blink.”

    The biggest question is what will China do next. One look at futures, which flash crashed earlier when the news of the CFO’s arrest first hit, suggests that whatever it is, Beijing will probably not be happy.

  • Paul Craig Roberts Laments The Disintegration Of Western Society

    Authored by Paul Craig Roberts,

    Radical feminists are now being banned by Twitter not because they hate men, which is perfectly OK as far as Twitter is concerned, but because they object to “transwomen.”

    What is a “transwoman?” As far as I can understand, a “transwoman” is a male with a penis who declares himself to be a women and demands his right to use women’s toilette facilities anong with the women who are using them.

    The feminist, Meghan Murphy, twittered a statement and a question:

    “Men are not women.”

    “How are transwomen not men? What is the difference between men and transwomen?”

    Twitter described this as “hateful conduct” and banned Meghan Murphy.

    There you have it. Yesterday it was feminists who were exercising their special society-bestowed privileges to censor. Today it is the feminists who are being censored. As this insanity of “Western Civilization” continues, tomorrow it will be the transwomen who are censored and banned.

    What precisely is afoot?

    My readers, who have partially and some wholely escaped from The Matrix, understand that this is the further fragmentation of American society. Identity Politics has set men, women, blacks, Jews, Asians, Hispanics, and white people against one another.

    Identity Politics is the essence of the Democratic Party and the American liberal/progressive/left. Now, with the creation of “new” but otherwise nonexistent “genders,” although they are honored as real by the controlled whores who masquerade as a “Western media,” we witness radical feminists being silenced by men pretending to be women.

    I sympathize with Meghan Murphy, but she brought this on herself and on the rest of us by accepting Identity Politics. Identity Politics gave Meghan a justification for hating men even, as she failed to realize, it provided the basis for moving her into the exploitative class that must be censored.

    Where does this end?

    It has already gone far enough that the American population is so divided and mutually hostile that there is no restraint by “the American people” on government and the elite oligarchs that rule. “The American people” are no longer a reality but a mythical creature like the unicorn.

    The film, The Matrix, is the greatest film of out lifetime. Why? Because it shows that there are two realities. A real one of which only a few people are aware, and a virtual one in which everyone else lives.

    In the United States today, and throughout “Western Brainwashed Civilization,” only a handful of people exist who are capable of differentiating the real from the created reality in which all explanations are controlled and kept as far away from the truth as possible.

    Everything that every Western government and “news” organization says is a lie to control the explanations that we are fed in order to keep us locked in The Matrix.

    The ability to control people’s understandings is so extraordinary that, despite massive evidence to the contrary, Americans believe that Oswald, acting alone, was the best shot in human history and using magic bullets killed President John F. Kenndy; that a handful of Saudi Arabians who demonstratively could not fly airplanes outwitted the American national security state and brought down 3 World Trade Center skyscrapers and part of the Pentagon; that Saddam Hussein had and was going to use on the US “weapons of mass destruction;” that Assad “used chemical weapons” against “his own people;” that Libya’s Gaddifi gave his soldiers Viagra so they could better rape Libyan women; that Russia “invaded Ukraine;” that Trump and Putin stole the presidential election from Hillary.

    The construction of a make-believe reality guarantees the US military/security complex’s annual budget of $1,000 billion dollars of taxpayers’ money even as Congress debates cutting Social Security in order to divert more largess to the pockets of the corrupt military/security complex.

    Readers ask me what they can do about it. Nothing, except revolt and cleanse the system, precisely as Founding Father Thomas Jefferson said.

    Is Thomas Jefferson Alive and Well In Paris?

    If this report is correct, pray the revolt spreads to the US.

  • Stanford Frat Told To Take Down "Offensive" American Flag, Hangs Much Bigger One

    The Bay Area has always been a bastion of progressive values. But since the election of President Trump, the dominant ideological orientation in a region that’s notoriously prone to groupthink has shifted from questioning conservative values to deliberate anti-Americanism.

    Stanford

    Examples of this trend abound: From the assault of a man carrying an American flag (in an ironic twist, the victim of the vicious beating happened to be a Bernie Sanders supporter) to the internal backlash at Google over the company’s work with the federal government, including the Department of Defense.

    One bizarre incident reported Tuesday by the Stamford Review stands out not just because it happened at Stanford, an elite American University, but also because it was seemingly unprovoked. The paper published a column retelling how a campus administrator had recommended that a fraternity called Sigma Chi (a fraternity that was disbanded following a probationary period last year) remove an American flag flying outside the house. The administrator – identified only as “Mr. Z” – suggested that flying the star-spangled banner could be interpreted as aggressive or jingoistic by some members of the community, and that, if Sigma Chi wanted to ingratiate itself with its neighbors (and presumably the administration) it should consider un-hoisting the flag to help “improve its image” in the community.

    This context of a friendly relationship with Mr. Z made the following incident all the more surprising. One night during Autumn 2017, Lozano recounted, Mr. Z was invited to eat dinner at Sigma Chi. While discussing improving the fraternity’s image with the university, Mr. Z offhandedly suggested that Sigma Chi remove the potentially discomforting symbol outside: the American flag flown in front of the house. Mr. Z urged Sigma Chi to consider the image being presented to the rest of campus by flying the flag out front. He furthered that if Sigma Chi wished to break away from stereotypes that plagued the house and to change its perception on campus, its members should contemplate un-hoisting the American flag.

    While this remark was just one in a larger discussion on rebranding the house, it stands out. Mr. Z’s recommendation insinuated not only that the flag made others uncomfortable but that its being flown tainted Sigma Chi’s reputation and, presumably, worsened its chance of survival. Lozano understood Mr. Z to imply that the American flag, as a symbol, could be intimidating, aggressive or alienating. Mr. Z’s tone further signaled to Lozano that he found the mere sight of the American flag to be offensive.

    The students who spoke with the Review recalled that they were initially confused by Mr. Z’s remark, because they didn’t understand how anybody could interpret hanging an American flag on American soil as an offensive act. The members of the fraternity surveyed the surrounding area and found several buildings – including several owned by the university – where American flags had been hanging. Still reeling from the suggestion, the fraternity decided to double down: Instead of removing the flag, they bought an even larger flag.

    The remark was, according to Lozano, out of the blue and incongruent with the candid rapport they had shared with Mr. Z up and until then. Furthermore, they wondered, since when is an American flag flown at an institution in the United States offensive? Lozano later observed that right down the road from Sigma Chi, an American flag is flown outside Stanford’s Post Office. Similarly, he noted, an American flag is flown outside Green Library’s Bing Wing and was once flown outside Memorial Auditorium, which commemorates fallen Stanford soldiers from WWI onward. According to Lozano’s knowledge, Mr. Z raised no objections to the Dominican flag flown by a student from his bedroom window in Sigma Chi or to the Palestinian flag which was hung across the street at Columbae.

    In protest of Mr. Z’s suggestion, the house declined to remove the flag, instead choosing to replace it with an even bigger one. Some members, of course, abstained from the discussion about and decision to purchase a bigger flag. The following day, by Lozano’s doing, Sigma Chi upgraded from a three-by-five-foot flag to a four-by-six-foot flag. The former flag was then framed and placed on display inside the house. This decision was, in Lozano’s words, a “silent but visible protest” against the classification of the American flag as a potentially stigmatizing symbol by a member of the Stanford administration.

    Though the reasons for its dispersal are unclear, Sigma Chi was banned from the university shortly after the incident.

    While it’s unclear whether the flag gestured had anything to do with the ban, at least the students were able to move on with their dignity intact.

  • U.S. Prepares To Sail Warship Into Black Sea, Citing Kerch Strait Incident

    The potential for major escalation in the Black Sea between the United States and Russia just grew significantly hotter as the US military has formally notified Turkey that it plans to sail a warship into the Black Sea for the first time in a month. 

    US defense officials have told CNN that the request is specifically in response to Russia’s actions against Ukraine during the Nov. 25 Kerch Strait incident

    USS Forrest Sherman, via US Naval Forces Europe-Africa

    According to a CNN exclusive Wednesday afternoon:

    The US has begun making the necessary preparations to sail a warship into the Black Sea, a move that comes amid heightened tensions in the region following Russia’s seizure of Ukrainian ships and detention of Ukrainian sailors.

    The US military has requested that the State Department notify Turkey of its possible plans to sail a warship into the Black Sea, three US officials tell CNN, a move they said is a response to Russia’s actions against Ukraine in the Kerch Strait, which connects the Black Sea and the Sea of Azov.

    The military has made the request as required under the Montreux Convention — the 1936 agreement which gave Turkey control over the Bosporus Straits and the Dardanelles, including authority to regulate the transit of naval warships.

    A State Department spokesman told CNN, “the United States carries out its activities consistent with the terms of the Montreux Convention. We will not, however, comment on the nature of our diplomatic correspondence with the Government of Turkey.” There was no early indication whether Turkey granted the passage, which could be interesting given recent closer relations between Ankara and Moscow. 

    But two among CNN source’s cautioned that giving Turkey notification would merely provide the Navy “the option” of moving a warship into the area, suggesting that no battleships have necessarily yet to be deployed. 

    A Pentagon naval official sought to downplay the significance of the potential maneuver, saying in a statement: “Our US 6th Fleet is always prepared to respond where called.”

    “We routinely conduct operations to advance security and stability throughout the US 6th Fleet area of operations to include the international waters and airspace of the Black Sea,” Cdr. Kyle Raines, a spokesman for the Fleet, told CNN. “We reserve the right to operate freely in accordance with international laws and norms,” he added.

    However, Pentagon officials also noted that “Moscow lays claim to areas that far exceed the 12 miles from the Russian coastline that is guaranteed by international law,” according to CNN

    Also on Wednesday Russia’s Ministry of Defense (MoD) announced it conducted a military drill in eastern Crimea involving Russian troops and Pantsir anti-aircraft missile systems.

    And elsewhere tensions grew in the Sea of Japan, as on Wednesday a US Navy warship passed through waters claimed by Russia. According to FOX:

    A U.S. Navy warship sailed in waters claimed by Russia in the Sea of Japan on Wednesday as tensions increase over the Trump administration’s decision to withdraw from a decades-old arms control treaty.

    A spokesperson for the U.S. Pacific Fleet says the guided-missile destroyer USS McCampbell sailed “in the vicinity of” Peter the Great Bay, a body of water off the Russian port city of Vladivostok, “to challenge Russia’s excessive maritime claims and uphold the rights, freedoms and lawful uses of the sea enjoyed by the United States and other nations.”

    Of course, Russia will view any provocative action in the Black Sea as an even greater threat in its backyard at a moment tensions are soaring. 

    Russia has over the past week signaled a build-up of forces in Crimea, including the transfer of more S-400 anti-air defense systems. Should American warships enter the area, along with a British surveillance ship already deployed, it could be a recipe for WWIII.

  • How Poppy Bush's Brother, "Uncle Bucky," Made A Killing Off The Iraq Wars

    Authored by Jeffrey St.Clair via Counterpunch.org,

    Back in 1991, shortly after the depleted uranium-flaked dust had settled some from the first Gulf War, there was a minor tempest in the press over influence peddling by members of President George H. W. Bush’s family, including his son Neil and his brother Prescott, Jr. Both Neil and Prescott, neither of whom had proven to be exceptionally talented businessmen, had made millions by flagrantly trading on their relationship to the president.

    Seeking to distinguish himself from his more predatory relatives, William Henry Trotter Bush, the younger brother of Bush Sr. and an investment banker in St. Louis, gave an interview to disclaim any profiteering on his own part. Indeed, he sounded downright grumpy, as if his older brother hadn’t done enough to steer juicy government deals his way.

    “Being the brother of George Bush isn’t a financial windfall by any stretch of the imagination,” huffed William H.T. Bush.

    Well, perhaps being the brother of the president didn’t generate as much business as he hoped, but having the good fortune to be the uncle of the president certainly appears to have padded the pockets of the man endearingly known to George W. Bush as “Uncle Bucky.”

    A few months before his selection as president, Bush’s Uncle Bucky quietly joined the board of a small and struggling St. Louis defense company called Engineered Support Systems, Incorporated (ESSI). Since Bush joined the team, ESSI’s fortunes have taken a dramatic turn for the better. This once obscure outfit is now one of the top Pentagon contractors. Next year its revenues will top $1 billion, nearly all of it derived from defense contracts with the Pentagon or with foreign militaries financed by US aid and loan guarantees. Even sweeter, most of these contracts have been awarded in no bid, sole source deals.

    True to form, Uncle Bucky claims that ESSI’s amazing transformation has nothing to do with him or his nephew, the president.

    “I don’t make any calls to the 202 (DC) Area Code,” Bush sneered to the Los Angeles Times.

    Uncle Buck’s characteristic modesty was swiftly undercut by statements made by top executives at ESSI, who seemed proud that their foresight in inviting Bush on board had paid off so handsomely for all concerned.

    “Having a Bush certainly doesn’t hurt,” chuckled Dan Kreher, ESSI’s vice president for industrial relations.

    Uncle Bucky Bush is 16 years younger than his brother, the former president. According to Kitty Kelley’s gripping history of the Bush clan The Family, Bucky was raised “almost as an only child” by his aging parents Dorothy and Prescott Bush, the senator who traded with the Nazis. Bucky was a sensitive and precocious kid with a peculiar devotion to choral music. In fact, the highlight of his career at Yale University was his starring spot with Whiffenpoofs, an elite choir.

    While his older brother headed to Texas to make his name in the oil patch, Bucky returned to St. Louis, the Gateway City where the original Bush fortune had been built. He settled into a modest career as an investment banker and corporate consultant. Then, with his nephew poised to seize the White House, Uncle Bucky was offered a seat on the board of ESSI, a military support and defense electronics firm. ESSI’s company prospectus describes it as “a diversified supplier of high-tech, integrated military electronics, support equipment and logistics services for all branches of America’s armed forces and certain foreign militaries.”

    Shortly after the attacks of 9/11, ESSI positioned itself to win a series of lucrative Pentagon contracts that would catapult the diminutive firm into the top ranks of defense contractors. Within a few short months, the company’s shareholders were given the financial ride of their lives.

    By the time of the Iraq war, ESSI was a brawny new player on the defense block. In the spring of 2003, ESSI acquired a military communications company called TAMSCO, whose prime activity was in developing military satellite terminals in the Gulf region and in US bases in Germany in anticipation of a US invasion of Iraq. After the ESSI buy-out, TAMSCO swiftly won contracts from both the Air Force and the Army for more than $90 million for the training of troops in the operation of the system and the installation of radar equipment in Kuwait.

    Then Pentagon awarded ESSI a $49 million contract to remodel military trailers for use in Iraq.

    In 2003, the Defense Department gave ESSI a huge deal to provide the Army with equipment to search for Iraq’s non-existent chemical and biological weapons. Part of this package included a $19 million contract to provide protective tents for US troops from chemical bombs. The tents didn’t arrive in Iraq until after it was evident to nearly everyone that the Iraqi military didn’t have access to such weapons. This didn’t stop the money from flowing into ESSI’s coffers and it didn’t stop ESSI’s executives from playing along in the grand charade. “The potential threat of our troops facing a chemical or biological attack during the current conflict in Iraq remains very real,” huffed Michael Shananan, the company’s former chairman.

    As the invasion transformed into a military occupation of Iraq, ESSI continued to pluck off sweet deals. In late 2003, the Coalition Provisional Authority, whose contracts passed across the Pentagon desk of arch neocon Douglas Feith, awarded ESSI an $18 million deal to engineer a communications system for the CPA offices, barricaded inside Baghdad’s Green Zone.

    Its executives openly clucked at the likelihood for protracted war. “The increasing likelihood for a prolonged military involvement in Southwest Asia by US forces well into 2006 has created a fertile environment for the type of support products and services we offer,” gloated Gerald L. Daniels, the company’s Chief Executive Officer. Rarely has corporate glee over the prospects of war profiteering been expressed so brazenly.

    But Daniels had a point. Even as things began to go sour for the US in Iraq, ESSI stood to make lots of money. One of its biggest no-bid contracts came in 2004 in the wake of mounting causalities in light-armored vehicles hit by roadside bombs. ESSI won a deal to upgrade the armor of thousands of vehicles in or bound for Iraq. The company’s annual report for 2005 forecast that ESSI might make as much as $200 million from this bloody windfall alone.

    As the flood of new contracts poured in, ESSI’s stock soared. In January of 2005, it reached its all-time high of $60.39 per share. A few days before the stock hit this lofty peak, Uncle Bucky quietly exercised his option to sell 8,438 shares of ESSI stock. He walked away from that transaction with at least $450,000. The stock sale occurred a few days after ESSI announced that the Pentagon had awarded it $77 million in new contracts for the Iraq war and a few days before word leaked to the press that the company was under investigation for its handling of older Pentagon contracts. The timing of the trade was perfect.

    In a February 2005 filing with the Securities Exchange Commission, ESSI discreetly disclosed to its shareholders that the inspector general of Pentagon had launched an inquiry into a series of contracts awarded to the company in 2002 for work on the Air Force’s troubled automated cargo loading machine called the Tunner.

    While the company’s chief financial dismissed the probe as “routine” and assured investors that it would have “no effect” on ESSI’s fortunes, the Pentagon held to a more restrained assessment of the potential liability. Michael Wynne, acting undersecretary of Defense, said he had referred ESSI contracts valued at $158 million to the Pentagon’s inspector general because the deals “appear to have anomalies in them.” Many of the contracts were awarded on a no-bid basis and much of the probe appears to focus on the role Pentagon insiders played in steering the contracts to ESSI.

    Much of the thrust behind ESSI’s sudden rise has been fueled by no-bid or source deals with the Pentagon. These no risk deals are part of a corporate strategy cooked up in part by non other than Uncle Bucky himself. In a profitable bit of self-dealing, ESSI hired its board member, Bucky Bush, as a consultant in 2002. Bush, who pulls in about $45,000 a year in director’s fees, was paid an additional $125,000 for his advice on ESSI’s buyout of other military contractors. The acquisition strategy outlined by Bush was to train the company’s appetite on the gobbling up of companies that held no-bid or sole source deals with the Pentagon.

    In January 2005, ESSI spent $37.6 million to buy a New York electronics testing firm called Prospective Computer Analysis, Inc. In defending the purchase to shareholders, executives at ESSI emphasized that the company held “a lot of source contracts.”

    A few months later, ESSI acquired Spacelink, Inc, a Virginia-based defense company, for $150 million. Spacelink, which supplies parts for military satellites and was poised to cash in on the $80 billion missile defense bonanza.

    ESSI isn’t the only defense-oriented company to acquire the services of Uncle Bucky. The banker from St. Louis has also been retained as a trustee for the global investment firm Lord Abbott, one of the primary financial underwriters of Halliburton. Lord Abbott is both one of the top 10 shareholders in Dick Cheney’s former company, as well as one of its top mutual fund holders. It’s all in the family.

    Uncle Bucky didn’t unload all of his ESSI stock. He still retained 45,000 shares valued at more than $2.5 million and used the profits from the sale to purchase a vacation home in Florida near his other nephew nourishing presidential ambitions, Jeb Bush.

    Who knows if the Bucky will finally stop there?

    (Bucky Bush died on February 27, 2018)

    This essay is excerpted from Grand Theft Pentagon.

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