Newsgeeker.com news site RSS Email Alerts

Welcome to NewsGeeker.com!

NewsGeeker collects the newest entries from news feeds in major categories, and displays them for you in an easy-to-use format. Feeds are automatically updated every few hours, so you'll always be sure of seeing the very latest content in each category. Use our Search page to find older feeds by keyword or phrase.

All


[Markets] A Conspiracy Theorist Confesses A Conspiracy Theorist Confesses Tyler Durden Sat, 06/06/2020 - 00:00

Authored by Iain Davis via Off-Guardian.org,

I am what the general population, politicians and the mainstream media (MSM) would call a conspiracy theorist. While I don’t agree with their definition of the term, there’s not much point in me denying it. It is applied to me, and millions like me, whether we like it or not.

For those who deem conspiracy theorists to be some sort of threat to society, we are the social and political malcontents who lack reason and hate our democratic way of life. We are trolls, bots and disinformation agents on social media, probably employed by the Russians, the Chinese or Iranians.

We are supposedly hellbent on sewing the seeds of discontent and can be found protesting against every government policy and decision. Alternatively, we are arrogant fools, both anti-science and evidence averse, who trot out crazy theories based upon little knowledge and no evidence. Apparently this is a very dangerous thing.

Thus we come to the glaring contradiction at the heart of the concept of the loony conspiracy theorist. Conspiracy theorists are both imbeciles, who don’t have any proof to back up anything they say, while simultaneously being dangerous subversives who threaten to destabilise democracy and foment chaos.

Which is it? It can’t be both. Unless society is so fragile it cannot withstand the opinions of idiots.

So where does the idea that fools present a threat to “our way of life,” come from? What is it that the conspiracy theorists say that is so dangerous? Why do their opinions seemingly need to be censored? What are governments so worried about?

WHAT IS A CONSPIRACY THEORY?

Some definitions are required here. From the Cambridge online English dictionary we have:

Misinformation: [noun] wrong information, or the fact that people are misinformed.

Disinformation: [noun] false information spread in order to deceive people.

Fake News: [noun] false stories that appear to be news, spread on the internet or using other media, usually created to influence political views or as a joke.

Conspiracy: [noun’] the activity of secretly planning with other people to do something bad or illegal.

Theory: [noun] a formal statement of the rules on which a subject of study is based or of ideas that are suggested to explain a fact or event.

Conspiracy Theory: [noun] a belief that an event or situation is the result of a secret plan made by powerful people

It is notable that Cambridge University Press have introduced the concept of “secret” into their definition. By describing something as secret you are suggesting that it is impossible to know what it is. This added notion of secrecy is not commonly found in other dictionaries.

Nor is it present in the legal definition of conspiracy. Blacks Law Dictionary defines conspiracy as:

Conspiracy: In criminal law. A combination or confederacy between two or more persons formed for the purpose of committing, by their joint efforts, some unlawful or criminal act.

Obviously conspirators would like to keep their plans hidden. But that doesn’t mean they always remain so. If all conspiracies were “secrets” nobody would ever discover any of them.

Known conspiracies, such as Operation Gladio, Iran Contra, the Lavon Affair, the 2001 anthrax letter hoax and so on, would not have been exposed had people not highlighted the evidence which proved their existence.

The notion of the “secret conspiracy” is not one most people called conspiracy theorists would recognise. Often the whole point of our argument is that the conspiracies can be quite plainly evidenced. Most of that evidence is in the public domain and freely available.

More often conspiracy theorists are concerned with the denial or obfuscation of the evidence. It is not that the evidence doesn’t exist, rather that it either isn’t reported at all or is hidden by labelling those who do report it conspiracy theorists.

We can define “conspiracy theory” simply to mean: the reporting of evidence indicating a plan between two or more people to commit an illegal or nefarious act.

We can add that a conspiracy theory is an opinion or an argument. The merit of which is solely defined by the strength or weakness of the evidence.

However, if you read Wikipedia a very different definition is suggested. Suddenly conspiracy theory means an attempt to ignore other more plausible explanations. It is a theory based upon prejudice or insufficient evidence, it resists falsification and suffers from circular reasoning. It has left the realms of logical deduction and become a matter of faith.

This rationale is some distance away from the dictionary and legal definitions. It relies heavily upon opinion and is highly subjective. It is a pejorative definition which claims to be based in science, though the scientific evidence is feeble to non existent.

This depiction of the delusional conspiracy theorist, as described by Wikipedia, is the popularly accepted meaning. Perhaps we can agree, the narrative we are given about alleged conspiracy theorists broadly runs like this:

Conspiracy theorists forward arguments that are unfounded. These are based upon limited knowledge and lack substantiating evidence. Most conspiracy theorists are simply wrong and unwittingly spread misinformation. However, prominent conspiracy theorists spread disinformation and have used their large followings on the Internet to create a dangerous phenomenon called ‘fake news.’

Many of those with the largest followings are agents for foreign powers. They use a global network of trolls and bots to advance their dangerous political agenda. This is designed to undermine our democratic way of life and valued political institutions. Therefore all conspiracy theory is anti-democratic and must be stopped.

It is difficult to understand how democracies, which supposedly value freedom of thought, speech and expression, can be threatened by diversity of opinion. Yet it appears many people are willing to ignore this contradiction and support government attempts to censor information and silence the voices of those it labels conspiracy theorist. Which is genuinely anti-democratic.

Consequently it has become relatively straightforward for politicians and the media to refute evidence and undermine arguments. As long as they can get the label of conspiracy theory or theorist to stick, most people will discount their arguments without ever looking at the evidence.

The label of conspiracy theorist is an umbrella term for a huge array of ideas and beliefs. Some are more plausible than others. However, by calling everyone who challenges accepted norms a “conspiracy theorist” it is possible to avoid addressing the evidence some offer by exploiting guilt by association.

For example, many people labelled as conspiracy theorists, myself included, believe even the most senior elected politicians are relatively low down the pecking order when it comes to decision making. We suggest powerful global corporations, globalist think tanks and international financial institutions often have far more control over policy development than politicians. We can cite academic research to back up this identification of “Biased Pluralism.”

We do not believe the Earth is flat or the Queen is a lizard. However, because we believe the former, politicians, mainstream academia and the media insist that we must also believe the latter.

Psychology is often cited as evidence to prove conspiracy theorists are deranged, or at least emotionally disturbed in some way. Having looked at some of this claimed science I found it to be rather silly and anti-scientific. But that is just my opinion.

However, unlike many of the psychologists who earn a living by writing junk science, I do not think they should be censored nor stopped from expressing their unscientific opinions. However, governments across the world are seemingly desperate to exploit the psychologist’s ‘work’ to justify the silencing of the conspiracy theorists.

This desire to silence people who ask the wrong questions, by labelling all as conspiracy theorists, has been a common theme from our elected political leaders during the first two decades of the 21st century. But where did this idea come from?

THE HISTORY OF THE CONSPIRACY THEORIST LABEL

Conspiracy theory is nothing new. Nearly every single significant world event had at least one contemporary conspiracy theory attached to it. These alternative interpretations of events, which lie outside the accepted or official narratives, are found throughout history.

In 117 CE, the Roman Emperor Trajan died only two days after adopting his successor Hadrian. All his symptoms indicated a stroke brought on by cardio vascular disease.

Yet by the 4th century, in the questionable historical text Historia Augusta, a number of conspiracy theories surrounding Trajan’s death had emerged. These included claims that Trajan had been poisoned by Hadrian, the praetorian prefect Attianus and Trajan’s wife, Plotina.

While we would call this a conspiracy theory today, the term was not commonly used until the late 1960’s. The earliest written reference to something approaching the modern concept of conspiracy theory appeared in the 1870’s in the Journal of Mental Science vol 16.

“The theory of Dr Sankey as to the manner in which these injuries to the chest occurred in asylums deserved our careful attention. It was at least more plausible that the conspiracy theory of Mr Charles Beade”

This is the first time we see an association made between “conspiracy theory” and implausibility. Throughout most of the 19th and 20th century, if used at all, it usually denoted little more than a rationale to expose a criminal plot or malevolent act by a group.

After the Second World War colloquial use of “conspiracy theory” was rare. However, academics were beginning to lay the foundations for the interpretation which has produced the label we are familiar with today.

The burgeoning idea was that the large numbers of people who questioned official accounts of events, or orthodox historical interpretations, were all delusional to some degree. Questioning authority, and certainly alleging that authority was responsible for criminal acts, was deemed to be an aberration of the mind.

Karl Popper

In 1945 The philosopher Karl Popper alluded to this in his political work The Open Society and Its Enemies. Popper was essentially criticising historicism. He stated that historical events were vulnerable to misinterpretation by those who were predisposed to see a conspiracy behind them.

He argued this was because historians suffered from cognitive dissonance (the uncomfortable psychological sensation of holding two opposing views simultaneously.) They could not accept that tumultuous events could just happen through the combination of error and unrelated circumstances.

In Popper’s view, these historians were too quick to reject the possibility of random, chaotic events influencing history, preferring unsubstantiated conspiratorial explanations. Usually because they made better stories, thereby garnering more attention for their work.

Popper identified what he called the conspiracy theory of society. This reflected Popper’s belief that social sciences should concern themselves with the study of the unintended consequences of intentional human behaviour. Speaking of the conspiracy theory perspective, he wrote:

It is the view that an explanation of a social phenomenon consists in the discovery of the men or groups who are interested in the occurrence of this phenomenon (sometimes it is a hidden interest which has first to be revealed), and who have planned and conspired to bring it about.”

Popper also believed that increasing secularism had led people to ascribe power to secretive groups rather than the gods:

The gods are abandoned. But their place is filled by powerful men or groups – sinister pressure groups whose wickedness is responsible for all the evils we suffer from – such as the Learned Elders of Zion, or the monopolists, or the capitalists, or the imperialists.”

Popper’s theory illustrates the fundamental difference between those labelled conspiracy theorists and those who, on the whole, defend the official narrative and the establishment. For conspiracy theorists the evidence shows that powerful forces have frequently conspired to shape events, control the flow of information and manipulate society. The deliberate engineering of society, suggested by the conspiracy theorists, is rejected by their opponents and critics.

For them the conspiratorial view has some minor, limited merit, but the suggested scale and prevalence of these plots is grossly exaggerated. They see nearly all world events as the result of the unintentional collision between disparate forces and the random influence of fate.

In general, they consider the powerful incapable of malice. Where disastrous national and global events have clearly been caused by the decisions of governments, influential groups and immensely wealthy individuals, these are invariably seen as mistakes.

Any suggestion that the power hierarchy’s destructive decisions may have achieved their intended objectives receives blanket rejection. Even asking the question is considered “unthinkable.”

For many people called conspiracy theorists this is a hopelessly naive world view. History is full of examples of the powerful using their influence to further their own interests at others expense. Often costing people their lives.

For their opponents, like Popper, to reject this possibility outright, demonstrates their cognitive dissonance. They seem unable even to contemplate the possibility that the political and economic power structures they believe in could ever deliberately harm anyone. They have faith in authority and it is not shared by people they label conspiracy theorists.

Following the assassination of President Kennedy in 1963 alternative explanations proliferated, not least of all due to the apparent implausibility of the official account. Many U.S. citizens were concerned that elements within their own government had effectively staged a coup. Others, such as the prominent American historian Richard Hoftsadter, were more concerned that people doubted their government.

Richard Hofstadter

Building on the work of Popper, partly as a critique of McCarthyism but also in response to the Republican nomination loss of Nelson A. Rockefeller, American historian Richard Hofstadter suggested that people’s inability to believe what they are told by government was not based upon their grasp of the evidence. Rather it was rooted in psychological need.

He claimed much of this stemmed from their lack of education (knowledge), political disenfranchisement and an unjustified sense of self importance. He also suggested these dangerous opinions threatened to pollute the body politic.

Like Popper, Hofstadter did not identify conspiracy theorists directly. But he did formulate the narrative underpinning the modern, widely accepted, definition. He wrote:

I call it the paranoid style simply because no other word adequately evokes the sense of heated exaggeration, suspiciousness, and conspiratorial fantasy that I have in mind…It is the use of paranoid modes of expression by more or less normal people that makes the phenomenon significant

[…]

Of course, there are highbrow, lowbrow, and middlebrow paranoids, as there are likely to be in any political tendency. But respectable paranoid literature not only starts from certain moral commitments that can indeed be justified but also carefully and all but obsessively accumulates “evidence.”….he can accumulate evidence in order to protect his cherished convictions.

Going to great lengths to focus on the “paranoid’s” tendency to highlight the evidence, as if that were a failing, like most critics of so-called conspiracy theorists, Hofstadter chose neither to address nor even mention what that evidence was. He merely asserted that it was unbelievable. The reader just had to take his word for it.

The Warren Commission Report into the JFK assassination drew considerable criticism. The finding that Oswald acted alone contradicted numerous eye witness accounts, film, autopsy and ballistic evidence.

Four of the seven commissioners harshly criticised the report issued in their name. Widely seen as quite ridiculous, in the absence of any sensible official account of the assassination, numerous explanatory theories inevitably sprang up.

In response to the mounting criticism, in 1967 the CIA sent an internal dispatch to all field offices called Document 1035-960: Concerning Criticism of the Warren Report.

Revealed by a New York Times Freedom of Information Request in 1976, the dispatch is the first written record we have of the combination of Popper’s “conspiracy theory of society” with Hofstadter’s “paranoid style” militant. It defined the modern concept of the conspiracy theorist.

The document states:

Conspiracy theories have frequently thrown suspicion on our organization, for example by falsely alleging that Lee Harvey Oswald worked for us. The aim of this dispatch is to provide material countering and discrediting the claims of the conspiracy theorists.”

It can be considered as the origin of the weaponised term “conspiracy theory.” It recommends a set of techniques to be used to discredit all critics of the Warren Commission Report. Once you are familiar with them, it is obvious that these strategies are commonly deployed today to dismiss all who question official statements as “conspiracy theorists.” We can paraphrase these as follows:

  1. Deny any new evidence offered and cite only official reports stating ‘no new evidence has emerged.’

  2. Dismiss contradictory eyewitness statements and focus upon the existing, primary, official evidence such as ballistics, autopsy, and photographic evidence.

  3. Do not initiate any discussion of the evidence and suggest that large scale conspiracies are impossible to cover up in an open and free democracy.

  4. Accuse the conspiracy theorists of having an intellectual superiority complex.

  5. Suggest that theorists refuse to acknowledge their own errors.

  6. Refute any suggestion of witness assassinations by pointing out they were all deaths by natural causes.

  7. Question the quality of conspiracy research and point out that official sources are better.

The report recommended making good use of “friendly elite contacts (especially politicians and editors)” and to “employ propaganda assets to [negate] and refute the attacks of the critics.”

The CIA advocated using mainstream media feature articles to discredit people labelled conspiracy theorists.

While the use of these methods has been refined over the years, the essential process of labelling someone a conspiracy theorist, while studiously avoiding any discussion of the evidence they highlight, is extremely common in the mainstream media today. We only need look at the reports about academics who questioned the government’s narrative about COVID19 to see the techniques in operation.

The drive to convince the public to use only “official sources” for information has seen the rise of the fact checker.

These organisations, invariably with the support of government and corporate funding, are offered as the reliable sources which provide real facts. The facts they provide are frequently wrong and the fact checking industry has settled legal claims from those who challenged their disinformation.

People have been directed by the mainstream media to abandon all critical thinking. They just need to go to their government-approved fact-checker in order be told the truth.

Providing the public believe the people labelled conspiracy theorists are crazy, ill informed or agents for a foreign powers, the mainstream media, politicians and other commentators can undermine any and all evidence they present. In keeping with the CIA’s initial recommendations, it is extremely unlikely that the evidence will ever be openly discussed but, if it is, it can be written off as “conspiracy theory.”

However, it isn’t just the mainstream media who use the conspiracy theorist label to avoid discussing evidence. Politicians, speaking on the worlds biggest political stage, have seized the opportunity to deploy the CIA’s strategy.

THREE SPEECHES ONE AGENDA

Even for Prime Ministers and Presidents, addressing the General Assembly of the United Nations is a big deal. These tend to be big thematic speeches as the leader impresses their vision upon the gathered dignitaries and global media.

Yet, despite the fact that conspiracy theorists are supposed to be idiots who don’t know the time of day, global “leaders” have repeatedly used this auspicious occasion to single them out as one of the greatest threats to global security.

In November 2001 George W. Bush addressed the United Nations General Assembly with the following words:

We must speak the truth about terror. Let us never tolerate outrageous conspiracy theories concerning the attacks of September the 11th; malicious lies that attempt to shift the blame away from the terrorists, themselves, away from the guilty. To inflame ethnic hatred is to advance the cause of terror.”

Even if you accept the official account of 9/11, and there are numerous reasons why you wouldn’t, how does questioning it suggest that you support terrorism or mark you out as a racist?

The suggestion appears absurd but it does illustrate that the U.S. president wanted both to silence all criticism of the government account and link those questioning it to extremism and even terrorism.

This theme was reiterated by the UK Prime Minister David Cameron in his 2014 address. He said:

To defeat ISIL – and organisations like it we must defeat this ideology in all its forms…..it is clear that many of them were initially influenced by preachers who claim not to encourage violence, but whose world view can be used as a justification for it. We know this world view. The peddling of lies: that 9/11 was a Jewish plot or that the 7/7 London attacks were staged […] We must be clear: to defeat the ideology of extremism we need to deal with all forms of extremism – not just violent extremism. We must work together to take down illegal online material […] we must stop the so called non-violent extremists from inciting hatred and intolerance.

This season we will mostly be wearing anti-fear glasses

Like Bush before him, Cameron was at pains to identify what he called non violent extremists (commonly called conspiracy theorists). According to him, all who question government accounts of major geopolitical events are, once again, tantamount to terrorists.

Calling for online censorship to stop any questions ever being asked, it is this authoritarian need to avoid addressing evidence that led his successor, Prime Minister Theresa May, to propose wide-sweeping censorship of the Internet.

At the time of writing, the UK is among the many nations still in so called “lockdown” following the outbreak of COVID19. When UK Prime Minister Boris Johnson addressed the U.N General Assembly in September 2019 he delivered a speech which seemed weirdly out of context. With Brexit and possible conflict with Iran high on the agenda his address, which barely touched on those issues, was received with considerable bewilderment.

Six months later his predictive powers appear to be remarkable. It transpires that Johnson’s comments were extremely relevant. Just six months too early.

There are today people today who are actually still anti-science […] A whole movement called the anti-Vaxxers, who refuse to acknowledge the evidence that vaccinations have eradicated smallpox […] And who by their prejudices are actually endangering the very children they want to protect […] I am profoundly optimistic about the ability of new technology to serve as a liberator and remake the world wondrously and benignly […] Together, we can vanquish killer diseases.”

Despite the wealth of scientific evidence which justifies scepticism about some vaccinesanti-vaxxer (a variant of conspiracy theorist), is another label used to convince people not to consider evidence. The assertion is that those who question vaccines all fundamentally reject the concept of artificially inducing an immune response against a disease.

This isn’t true but how would you know? The anti-vaxxer label alone is sufficient to convince most to turn away.

Johnson’s speech rambled across so many seemingly irrelevant subjects there is little reason to suspect any COVID 19 foreknowledge. But given the global pandemic that would occur just a few months later, it was certainly prescient. Johnson was sufficiently concerned about the supposedly baseless questions of so called conspiracy theorists (or anti-vaxxers) to allege they killed children. A ludicrous suggestion the mainstream media strongly promoted.

It doesn’t matter that academic research has proven that the official account of 9/11 cannot possibly be true; it makes no difference that Mossad agents admitted that they had gone to New York on the morning of 9/11 to “document the event;” studies showing that approximately 90% of the total 20th Century disease reduction in the U.S. occurred prior to the widespread use of vaccines are irrelevant.

None of these facts need to be known by anyone and governments are going to censor all who try to tell others about them. All questions that reference them are crazy conspiracy theories. They are both stupid questions and a huge threat to both national security and the safety of the little children.

One of the recurring themes the people labelled conspiracy theorists discuss is that policy is made behind the closed doors of corporate boardrooms and policy think tanks. It doesn’t matter who you elect or what party you choose to rule over you, they are only capable of tinkering at the edges of the policy platform.

The policy agenda is set at a globalist level. So the fact that, over two decades, one U.S president and two British Prime Minsters were delivering essentially the same message doesn’t surprise the conspiracy theorists.

As we move toward a world where certain ideas are forbidden and only officially approved questions can be asked, where governments and corporations have a monopoly on the truth and everything else is a conspiracy theory, only one thing really matters. The evidence.

Hofstadter’s believed that his paranoid style militants constant citation of evidence was merely an attempt to “protect his cherished convictions.” This could be true, but the only way to find out is to look at that evidence. The label of the conspiracy theorist has been deliberately created in order to convince you not to look at it.

Regardless of whether or not you think someone’s opinion is a conspiracy theory, you owe it to yourself and your children to consider the evidence they cite. Perhaps you will reject it. There’s nothing wrong with that.

But to reject it, without knowing what it is, really is crazy. Your only other option is to unquestioningly accept whatever you are told by the government, globalist think tanks, multinational corporations and their mainstream media partners.

If you choose to believe that everyone who claims to have identified the malfeasance of officials, the crimes of government or the corruption of powerful global institutions, are all conspiracy theorists, then you have accepted that the establishment is beyond reproach.

If you also agree the same established hierarchy can not only determine what you can or cannot know, but can also set all the policies and legislation which dictates your behaviour and defines the limits of your freedom, you have elected to be a slave and don’t value democracy in the slightest.

Published:6/5/2020 11:32:48 PM
[worldNews] Germany's confirmed coronavirus cases rise by 407 to 183,678: RKI The number of confirmed coronavirus cases in Germany increased by 407 to 183,678, data from the Robert Koch Institute (RKI) for infectious diseases showed on Friday.
Published:6/5/2020 11:02:09 PM
[Markets] Engineering The Perfect Human? Biotech Examines Rare DNA In Himalayan People Engineering The Perfect Human? Biotech Examines Rare DNA In Himalayan People Tyler Durden Fri, 06/05/2020 - 23:40

Variant Bio has spent the last several years scouring the world for genetic outliers in human beings. It found a small group of "outlier humans" with special variations in their DNA that could affect disease risk and eventually be used to develop medicines to improve human life. 

Founded in New York, the 10-person startup's lead geneticist Stephane Castel is focusing on the DNA of Sherpa people living at high altitudes in Nepal and Himalayas. Their unique genetic characteristics allow them to live healthy lives with blood oxygen levels far below what most humans need. Most people in high altitudes suffer from hypoxia, which is the absence of enough oxygen in the tissues to sustain bodily functions. 

"They [Sherpa people] don't suffer any ill health effects," Castel told Bloomberg. "It's incredible." 

Sherpa village 

Castel's team is betting on the sequencing of Sherpa DNA, which could lead to discoveries of new superior traits that would aid in the development of novel medicines and therapies to improve metabolism, eyesight, and immune response.

It's up to Variant's software and scientific analysis to find breakthrough genetic coding in Sherpa DNA, Castel said it could take several years to develop drugs and therapies based on the results. 

Sherpa man

Variant Bio recently received a capital infusion from venture firm Lux Capital for $16 million to pursue the research. 

Josh Wolfe, the co-founder of Lux Capital, said:

 "Wouldn't it be amazing if some secrets of human health were possessed by these small groups of people [Sherpa people], and they could ultimately benefit the rest of the world?," Wolfe said. 

Variant's new CEO, Andrew Farnum, previously managed the $2 billion investment arm of the Bill & Melinda Gates Foundation that concentrated on  global health and infectious diseases. 

"There are huge advantages here for drug discovery," Farnum said while referring to Variant's research. 

 "People will see how seriously we take this and how we conduct our projects, and other populations will want to work with us," he said. 

Variant has held talks with Sherpa village leaders and Nepal's research council to negotiate deals for DNA extraction with locals. 

Keolu Fox, a genome scientist and an assistant professor at the University of California at San Diego, said Variant must compensate Sherpa people for their DNA:

"If the people don't get a cut, this is colonial," Fox said. "It's extractive capitalism." 

Variant has taken the approach that human genetics has the power to transform drug development. Perhaps, the startup is on to something by examining superior genes possed by Sherpa people. 

Could this company be in the early innings of engineering perfect humans? 

Published:6/5/2020 11:02:09 PM
[World] Are Porn Laws and Quarantines Part of the ‘Tyranny of the Majority?’

Or is there something more much coercive going on that has a much more psychological impact, and silencing effect?

The post Are Porn Laws and Quarantines Part of the ‘Tyranny of the Majority?’ appeared first on The American Conservative.

Published:6/5/2020 11:02:09 PM
[Markets] "Unreported Truths" - This Is The COVID-19 Book That Amazon 'Quarantined' "Unreported Truths" - This Is The COVID-19 Book That Amazon 'Quarantined' Tyler Durden Fri, 06/05/2020 - 23:20

Via RealClearInvestigations.com,

Former New York Times reporter Alex Berenson has developed a wide following on Twitter for detailed posts that challenge some mainstream reporting and government declarations about COVID-19. 

Read the full thread here.

Thursday morning he tweeted that Amazon had refused to offer for sale his self-published book, “Unreported Truths about COVID-19 and Lockdowns Part 1: Introduction and Death Counts and Estimates.”

Among those responding in outrage over what they called blatant censorship were SpaceX CEO Elon Musk ("This is insane @JeffBezos") and journalist Glenn Greenwald. And late Thursday Berenson reported that Amazon had backed off and is now offering the book for sale on Kindle.

Before Amazon reversed itself (calling its earlier move an "error," according to Fox News), RealClearInvestigations asked the award-winning novelist to elaborate on his experience. Here’s his response, followed by an excerpt from the book: 

By Alex Berenson
June 4, 2020

The booklet was the first in a series of coronavirus pamphlets I plan to put out covering various aspects of the crisis. Readers of my Twitter feed encouraged me to compile information in a more comprehensive and easier-to-read format, and when I polled people on Twitter to ask if they would be willing to pay a nominal fee for such a pamphlet, the response was strong.

Originally I only planned to write one, but I had so much information I realized that the booklet would be an awkward length - longer than a magazine article but shorter than a book.  Also, doing so would take too long, and I wanted to put it out quickly. So I decided to split the booklet into pieces. Part 1 included an introduction and a discussion of death coding, death counts, and who is really dying from COVID, as well as a worst-case estimate of deaths with no mitigation efforts.

It is about 6,500 words, and I planned to sell it for $2.99 as an ebook or $5.99 for a paperback. It is called "Unreported Truths about COVID-19 and Lockdowns: Part 1, Introduction and Death Counts and Estimates."

I created covers for both and uploaded the book. I had published Kindle Singles (Amazon's curated program for short Kindle pieces, which now focuses more on fiction from established writers), so I was relatively familiar with the drill. I briefly considered censorship but assumed I wouldn't have a problem because of my background, because anyone who reads the booklet will realize it is impeccably sourced, nary a conspiracy theory to be found, and frankly because Amazon shouldn't be censoring anything that doesn't explicitly help people commit criminal behavior. (Books intended to help adults groom children for sexual relationships, for example, should be off-limits - though about 10 years ago Amazon did not agree and only backed down from selling a how-to guide for pedophiles in the face of public outrage.) 

I didn't hear anything until this morning, when I found the note I posted to Twitter in my inbox (shown below).

Note that it does not offer any route to appeal. I have no idea if the decision was made by a person, an automated system, or a combination (i.e. the system flags anything with COVID-19 or coronavirus in the title and then a person decides on the content). I am considering my options, including making the booklet available on my Website and asking people to pay on an honor system, but that will not solve the problem of Amazon's censorship. Amazon dominates both the electronic and physical book markets, and if it denies its readers a chance to see my work, I will lose the chance to reach the people who most need to learn the truth - those who don't already know it.

Here are the first 1,000 words of Chapter 1:

Maybe the most important questions of all:

How lethal is SARS-COV-2?

Whom does it kill?

Are the death counts accurate – and, if not, are they over- or understated?

Estimates for the lethality of the coronavirus have varied widely since January. Early Chinese data suggested the virus might have an “infection fatality rate” as high as 1.4 – 2 percent.

A death rate in that range could mean the coronavirus might kill more than 6 million Americans, although even under the worst-case scenarios some people would not be exposed, and others might have natural immunity that would prevent them from being infected at all.

As we have learned more about the virus, estimates of its lethality have fallen. Calculating fatality rates is complex, because despite all of our testing for COVID, we still don’t know how many people have been infected.

Some people who are infected may have no or mild symptoms. Even those with more severe symptoms may resist going to the hospital, then recover on their own. We have a clear view of the top of the iceberg – the serious infections that require hospitalization – but at least in the early stages of the epidemic we have to guess at the mild, hidden infections.

But to calculate the true fatality rate, we need to know the true infection rate. If 10,000 people die out of 100,000 infections, that means the virus kills 10 percent of all the people it infects – making it very, very dangerous. But if 10,000 people die from 10 million infections, the death rate is actually 0.1 percent – similar to the flu.

Unfortunately, figuring out the real infection rate is very difficult. Probably the best way is through antibody tests, which measure how many people have already been infected and recovered – even if they never were hospitalized or even had symptoms. Studies in which many people in a city, state, or even country are tested at random to see if they are currently infected can also help. Believe it or not, so can tests of municipal sewage. (I’ll say more about all this later, in the section on transmission rates and lockdowns.)

For now, the crucial point is this: randomized antibody tests from all over the world have repeatedly shown many more people have been infected with coronavirus than is revealed by tests for active infection. Many people who are infected with SARS-COV-2 don’t even know it.

So the hidden part of the iceberg is huge. And in turn, scientists have repeatedly reduced their estimates for how dangerous the coronavirus might be.

The most important estimate came on May 20, when the Centers for Disease Control reported its best estimate was that the virus would kill 0.26 percent of people it infected, or about 1 in 400 people. (The virus would kill 0.4 percent of those who developed symptoms. But about one out of three people would have no symptoms at all, the CDC said.) (https://www.cdc.gov/coronavirus/2019-ncov/hcp/planning-scenarios.html#box.)

Similarly, a German study in April reported a fatality rate of 0.37 percent (https://www.technologyreview.com/2020/04/09/999015/blood-tests-show-15-of-people-are-now-immune-to-covid-19-in-one-town-in-germany/). A large study in April in Los Angeles predicted a death rate in the range of 0.15 to 0.3 percent.

Some estimates have been even lower. Others have been somewhat higher – especially in regions that experienced periods of severe stress on their health care systems. In New York City, for example, the death rates appear somewhat higher, possibly above 0.5 percent – though New York may be an outlier, both because it has counted deaths aggressively (more on this later) and because its hospitals seem to have used ventilators particularly aggressively.

Thus the CDC’s estimate for deaths is probably the best place to begin. Using that figure along with several other papers and studies suggests the coronavirus has an infection fatality rate in the range of 0.15 percent to 0.4 percent.

In other words, SARS-COV-2 likely kills between 1 in 250 and 1 in 650 of the people whom it infects. Again, though, not everyone who is exposed will become infected. Some people do not contract the virus, perhaps because their T-cells – which help the immune system destroy invading viruses and bacteria – have already been primed by exposure to other coronaviruses. [Several other coronaviruses exist; the most common versions usually cause minor colds in the people they infect.] An early May paper in the journal Cell suggests that as many as 60 percent of people may have some preexisting immune response, though not all will necessarily be immune. (https://www.cell.com/cell/pdf/S0092-8674(20)30610-3.pdf).

The experience of outbreaks on large ships such as aircraft carriers and cruise liners also show that some people do not become infected. The best estimates are that the virus probably can infect somewhere between 50 to 70 percent of people. For example, on one French aircraft carrier, 60 percent of sailors were infected (none died and only two out of 1,074 infected sailors required intensive care). https://www.navalnews.com/naval-news/2020/05/covid-19-aboard-french-aircraft-carrier-98-of-the-crew-now-cured/

Thus – in a worst-case scenario – if we took no steps to mitigate its spread or protect vulnerable people, a completely unchecked coronavirus might kill between 0.075 and 0.28 percent of the United States population – between 1 in 360 and 1 in 1,300 Americans.

This is higher than the seasonal flu in most years. Influenza is usually said to have a fatality rate among symptomatic cases of 1 in 1,000 and an overall fatality rate of around 1 in 2,000. However, influenza mutates rapidly, and its dangerousness varies year by year. The coronavirus appears far less dangerous than the Spanish flu a century ago, which was commonly said to kill 1 in 50 of the people it infected.

It appears more comparable in terms of overall mortality to the influenza epidemics of 1957 and 1968, or the British flu epidemics of the late 1990s. (Of course, the United States and United Kingdom did not only not shut down for any of those epidemics, they received little attention outside the health-care system.)

Published:6/5/2020 10:34:13 PM
[] Drew Brees takes apology for initial stance against kneeling during National Anthem to next level with this note to President Trump Published:6/5/2020 10:02:05 PM
[Lefties on Parade] Dear Corporations: Taking a knee won’t save you

When the George Floyd riots began, corporations began virtue signaling. As all appeasers discover, that will not appease the mob. Exhibit A: Estee Lauder. I’ve written two posts in the past couple of days about corporate virtue signaling. In my latest, I tell how I’m fighting against the virtue signaling.

The post Dear Corporations: Taking a knee won’t save you appeared first on Bookworm Room.

Published:6/5/2020 10:02:05 PM
[Politics] Joe Biden Clinches Democratic Presidential Nomination Joe Biden formally clinched the Democratic presidential nomination Friday, setting him up for a bruising challenge to President Donald Trump that will play out against the unprecedented backdrop of a pandemic, economic collapse, and civil unrest. Published:6/5/2020 10:02:05 PM
[Markets] Iran's Nuclear Stockpile Rose By Over 50% During Three Months Of COVID Lockdown: IAEA Iran's Nuclear Stockpile Rose By Over 50% During Three Months Of COVID Lockdown: IAEA Tyler Durden Fri, 06/05/2020 - 23:00

Over the past three months of global lockdowns due to the coronavirus, Iran's nuclear development has been busy, apparently. The International Atomic Energy Agency (IAEA) on Friday circulated a confidential report seen by Associated Press which details the Islamic Republic's nuclear stockpile rose by a whopping over 50% in the three months prior to May 20.

"The agency said that as of May 20, Iran’s total stockpile of low-enriched uranium amounted to 1,571.6 kilograms (1.73 tons), up from 1,020.9 kilograms (1.1 tons) on Feb. 19," AP reports. 

AFP/Getty

Tehran months ago vowed to break from its commitments under the Obama-brokered JCPOA until the biting American-led sanctions regimen is eased. Officials warned Europe that if action weren't taken major nuclear milestones would be reached. 

This has also included enriching uranium up to a purity of 4.5%, blowing past the 3.67% ceiling stipulated under the JCPOA. The IAEA report also noted "with serious concern that, for over four months, Iran has denied access to Agency... to two locations."

Recently reports suggested IAEA inspectors were being blocked in part on Iranian authorities' concerns over the coronavirus pandemic

"The [IAEA] director general calls on Iran immediately to cooperate fully with the agency, including by providing prompt access to the locations specified," the report said, however like other warnings this is likely to fall on deaf ears, given Iran's economy has been decimated, further at a sensitive moment a large chunk of the population and failing health system have been ravaged by the COVID-19 pandemic. 

The report comes a mere day after President Trump suggested there could be a fresh opening with Iran to 'negotiate a better deal' - as he's long sought after withdrawing from the nuclear deal in May 2018. "Thank you to Iran, it shows a deal is possible!" Trump said in a rare positive tweet regarding the Islamic Republic on the occasion of the return of Navy Veteran Michael White from an Iranian prison. 

But the Iranians immediately poured cold water on that prospect, given Foreign Minister Javad Zarif reminded the US president, "we had a deal when you entered office."

The Iranian position has been that it will never reenter negotiations until Washington removes sanctions, and returns to the 2015 deal it signed in the first place. 

Published:6/5/2020 10:02:05 PM
[Politics] NYT Adds Apologetic Editors' Note to Sen. Cotton Commentary Called on the carpet by its own staff, The New York Times on Friday added an editor's note castigating itself for posting an opinion piece by Sen. Tom Cotton, R-Ark., that called for active military troops to "restore order" to cities roiled by George Floyd protests. Published:6/5/2020 9:37:15 PM
[Politics] Thug mercilessly kicks guy in the face after he hits the ground at protest; police arrest a 14-year-old for it There was a horrible video of a man being beat up by a bunch of thugs at a protest in Portland, and the cops believe that a 14-year-old did it. Caution, the . . . Published:6/5/2020 9:37:14 PM
[Politics] Thug mercilessly kicks guy in the face after he hits the ground at protest; police arrest a 14-year-old for it There was a horrible video of a man being beat up by a bunch of thugs at a protest in Portland, and the cops believe that a 14-year-old did it. Caution, the . . . Published:6/5/2020 9:37:14 PM
[Markets] The Fed Just Unleashed A Trillion In New Debt: Companies Took The Money And Spent It On Dividends While Firing Millions The Fed Just Unleashed A Trillion In New Debt: Companies Took The Money And Spent It On Dividends While Firing Millions Tyler Durden Fri, 06/05/2020 - 22:23

It was all the way back in 2012 when we first described in "How The Fed's Visible Hand Is Forcing Corporate Cash Mismanagement" that the era of ultra cheap money unleashed by the Fed is encouraging corporations not to invest in capex or growth or investing in a satisfied employee base, but to rush and spend it on cheap, short-term gimmicks such as buybacks and dividends which benefit the company's shareholders in the short term while rewarding management with by bonuses for reaching stock price milestones, vesting incentive compensation.

We concluded by saying that this was "the most insidious way in which the Fed's ZIRP policy is now bleeding not only the middle class dry, but is forcing companies to reallocate cash in ways that benefit corporate shareholders at the present, at the expense of investing prudently for growth 2 or 3 years down the road."

For years, nobody cared about what ended up being one of the most controversial aspects of capital mismanagement in a time of ZIRP/NIRP/QE, then suddenly everyone cared after the coronavirus crisis, when it emerged that instead of prudently deploying capital into rainy day funds, companies were systematically syphoning cash out (usually by selling debt) to rewards shareholders and management, confident that if a crisis struck the Fed would bail them out: after all the Fed bailed out the banks in 2008, and by 2020 US corporate debt had reached $16 trillion, or over 75% of US GDP, making it a systematic risk and virtually assuring that expectations for a Fed bailout would be validated.

Sure enough, that's precisely what happened.

But while none of this should come as a surprise to anyone following events over the past decade, what came next may be a shock, because in response to creating a massive debt bubble whose proceeds were used to make shareholders extremely rich at the expense of a miserable employee base and declining corporate viability, the Fed... doubled down and virtually overnight gave companies a green light to do everything they did leading to the current disaster.

In a Bloomberg expose written by Bob Ivry, Lisa Lee and Craig Torres, the trio of reporters show how, 12 years after we first laid out the "New Normal" capital misallocation paradigm, we are again back to square one as the Fed actions - which as even former NY Fed president Bill Dudley admits are brazen moral-hazard - have prompted a record debt binge even as corporate borrowers are firing millions of workers while using the debt to - drumroll - make shareholders richer.

Take food-service giant Sysco, which just days after the Federal Reserve crossed the final line into centrally-planned markets on March 23 when it assured that it would make openly purchase corporate debt, Sysco sold $4 billion of debt. Then, just a few days after that, the company announced plans to cut one-third of its workforce, more than 20,000 employees, even as dividends to shareholders would continue.

That process repeated itself in April and May as the coronavirus spread. The Fed’s promise juiced the corporate-bond market. Borrowing by top-rated companies shot to a record $1.1 trillion for the year, nearly twice the pace of 2019.

What happened then was a case study of why Fed-endorsed moral hazard is always a catastrophic policy... for the poor, while making the rich richer:

Companies as diverse as Sysco, Toyota Motor Corp., international marketing firm Omnicom Group Inc. and movie-theater chain Cinemark Holdings Inc. borrowed billions of dollars -- and then fired workers.

Just two weeks ago, Fed chair Powell testified before Congress, and when asked why the Fed is buying investment grade and junk bond debt, Powell responded "to preserve jobs." That was a blatant lie, because as Bloomberg notes, the actions of the companies that benefited from the Fed's biggest ever handout called into question the degree to which the U.S. central bank’s promise to purchase corporate debt will help preserve American jobs.

Unlike the Small Business Administration’s Paycheck Protection Program, which has incentives for employers to keep workers on the job and is only a grant if the bulk of the proceeds are used to retain workers, the taxpayer-backed facilities that the Fed and Treasury Department created for bigger companies have no such requirements. In fact, to make sure the emergency programs help fulfill one of the Fed’s mandates - maximum employment - the central bank is simply crossing its fingers that restoring order to markets will translate to saving jobs.

Instead, what the Fed's actions have unleashed so far is a new record debt bubble, with more than $1.1 trillion in new debt issuance in just the first five months of the year, even as companies issuing debt are quick to lay off millions!

“They could set conditions, say to companies, hire back your workers, maintain your payroll to at least a certain percentage of prior payroll, and we will help,” said Robert Reich, the former Secretary of Labor for President Bill Clinton who now teaches economics at the University of California, Berkeley. "It’s hardly clear that if you keep companies afloat they’ll hire employees."

Just don't tell the Fed Chair: in a May 29 webinar, Jerome Powell said that it's "really it’s all about creating a context, a climate, in which employees will have the best chance to either keep their job, or go back to their old job, or ultimately find a new job. That’s the point of this exercise."

The exercise has failed, because just as soon as the bailout funds expire, America will see a second wave of epic layoffs: the extra $600 a week in unemployment benefits that Congress approved in March stops on July 31, while the prohibition against firing workers in the $25 billion government rescue of U.S. airlines expires Sept. 30, and the biggest recipients have said they intend to shed employees after that date.

But where did all the hundreds of billions in newly issued debt go? Well, dividends for one. Without provisions for employees, “the credit assistance will tend to boost financial markets, but not the broad economic well-being of the great majority of the population,” Marcus Stanley, Americans for Financial Reform’s policy director, told Bloomberg.

Of course, when confronted with this reality, the Treasury Secretary did what he normally does: he lied.

“Our No. 1 objective is keeping people employed,” Mnuchin said during a May 19 Senate Banking Committee hearing after Senator Elizabeth Warren, a Massachusetts Democrat, accused him of “boosting your Wall Street buddies” at the expense of ordinary Americans. “What we put in the Main Street facility is that we expect people to use their best efforts to support jobs,” Mnuchin said.

The phrase “best efforts” echoes the original terms for the Main Street program, which required companies to attest they’ll make “reasonable efforts” to keep employees. The wording was subsequently changed to “commercially reasonable efforts,” which Jeremy C. Stein, chairman of the Harvard University economics department and a former Fed governor, called a welcome watering-down of expectations that the central bank would dictate employment policies to borrowers.

And while Stein said that it was "smart of them to weaken that", what ended up happening is that companies entirely sidestepped preserving employees and rushed to cash out - guess who - shareholders once again.

But in keeping with the Fed's overarching directive - that its programs are about lending, not spending in the words of Powell - once the Fed has triggered a new debt bubble with its explicit interventions in the secondary market, the Fed has no control over what companies do with the source of the virtually free funds:

"For the Fed to second-guess a corporate survival strategy would be a step too far for them,” said Adam Tooze, a Columbia University history professor. Putting explicit conditions on program beneficiaries would make the central bank “a weird hybrid of the Federal Reserve, Treasury, BlackRock and an activist stockholder," he added, clearly unaware that we now live in a world in which this "new normal" Frankenstein monster is precisely who is in charge of capital markets, as the helicopter money resulting from the unholy merger of the Fed and Treasury is precisely what BlackRock is frontrunning, in its own words. But heaven forbid some of the trillions in new debt are used for emplyees...

And while tens of millions of jobs have been lost since March - today's laughable and fabricated jobs report, in the BLS' own admission - notwithstanding, there has been one clear beneficiary: the S&P 500 has jumped 38% since March 23, the day the Fed intervened; on Friday, the Nasdaq just hit an all time high. Observers of the stock market wonder how it could be so bullish at the same time as the country faces an avalanche of joblessness unsurpassed in its history.

The choices companies are making - choices which we correctly predicted back in 2012 - provide an answer.

Since selling $4 billion in debt on March 30, Sysco has amassed $6 billion of cash and available liquidity, enabling it to gobble up market share, while cutting $500 million of expenses, according to Chief Executive Officer Kevin Hourican. Sysco, which is based in Houston, will continue to pay dividends to shareholders, Chief Financial Officer Joel Grade said on a May 5 earnings call.

Countless other companies are also splurging on debt-funded dividends, while some - such as Apple and Amazon - are now issuing debt to fund their next multi-billion buyback program.

Of course, it's not just investment grade debt: the Fed notoriously is also active in the junk bond space, buying billions in high yield ETFs (that now hold bonds of bankrupt Hertz).

Movie theaters were one of the first businesses to close during the pandemic. Cinemark, which owns 554 of them, shut its U.S. locations on March 17. Three days later, the company paid a previously announced dividend. It has since said it will discontinue such distributions. Cinemark borrowed $250 million from the junk-bond market on April 13, the same day it announced the firing of 17,500 hourly workers. Managerial staff were kept on at reduced pay, according to company filings. Cinemark, which is based in Plano, Texas, said it plans to open its theaters in phases starting June 19.

The theater chain opted to go to the bond market over seeking funding from the government because “it didn’t come with any of the strings attached that government-backed facilities can include,” CEO Mark Zoradi said on the April 15 earnings call. It “was really no more complicated than that.” And why did Cinemark find no trouble in accessing the bond market? Because with the Fed now buying both IG and HY bonds, there is no longer any credit risk, which is why spreads have collapsed back to all time lows; in effect the Fed is forcing investors to buy Cinemark's bonds, which then uses the proceeds to pay shareholders either a dividend or to buyback stock. As for the company's employees? Why they are expendable, and in a few month there will be millions of unemployed workers begging for work at or below minimum wage.

Win win... for Cinemark's management and shareholders. Lose for everyone else.

Actually, win win for all corporations: like Cinemark, Omnicom issued $600 million in bonds in late March. In an April 28 conference call to discuss quarterly earnings, CEO John Wren said the company was letting employees go but didn’t say how many. He said the company was extending medical benefits to July 31 for employees furloughed or fired.

Wren added: "Our liquidity, balance sheet and credit ratings remain very strong and we have no plans to change our dividend policy."

And once again, Dividends 1 - Employees 0, because everything will be done to prevent shareholders from dumping the stock.

Toyota borrowed $4 billion from investors on March 27. Three days later, the Japan-based car company said it would continue paying dividends to shareholders. Eight days after that it said it would drop roughly 5,000 contract workers who helped staff its plants in North America.

And so on, and so on, as companies issue hundreds of billions in debt without a glitch - now that the Fed has taken over the bond market - and use the proceeds to fund dividends, while laying off millions.

In a March 24 letter, 200 academics, led by Stanford University Graduate School of Business Professor Jonathan Berk, called lending programs aimed at corporations “a huge mistake.” Better to focus help directly on people living paycheck to paycheck who lost their jobs, it said.

"Bailing out investors who chose to take high-risk investments because they wanted the high returns undermines capitalism and makes it an unfair game," Berk said in an interview. "If you don’t have a level playing field in capitalism, it doesn’t work."

Why dear, misguided Jonathan: whoever told you the US still has "capitalism"?

Published:6/5/2020 9:37:14 PM
[037db3aa-8524-51a7-a6a6-f0b9ec78bebe] 'Law & Order: SVU' to address George Floyd’s death and coronavirus pandemic in new season, showrunner says "Law & Order: SVU" will address the death of George Floyd -- and the protests that followed -- in future episodes of the long-running NBC series, according to showrunner Warren Leight.  Published:6/5/2020 9:37:14 PM
[46b0f29a-09f9-553a-9e00-eb8a41a21a07] Abby Lee Miller's new Lifetime show does ‘not have plans to air' following racism accusations, network says Abby Lee Miller's new reality show might not see the light of day following accusations of past racist remarks. Published:6/5/2020 9:02:02 PM
[Uncategorized] Gibson’s Bakery v. Oberlin College – Appeal Brief Filed – NAACP Supporting College Oberlin College takes a kitchen-sink approach, while the NAACP tries to turn this into a case about race. Published:6/5/2020 9:02:02 PM
[Markets] "Worst-Case" Scenario - COVID Strikes Navy's New Submarine Program "Worst-Case" Scenario - COVID Strikes Navy's New Submarine Program Tyler Durden Fri, 06/05/2020 - 21:40

Without firing a shot, well maybe unleashing a virus pandemic across the world, China has severely disrupted US Naval operations, from shipbuilding to deployments. 

Breaking Defense reports, the Navy's USS Columbia nuclear missile submarine (SSBN 826) experienced months of construction delays thanks to virus-related issues.

A Navy depiction of the future USS Columbia nuclear missile submarine (SSBN 826). h/t Breaking Defense 

During lockdowns, the main problem for the build were workers' absences at a top supplier, which resulted in delayed work on missile tubes. At the moment, the service is struggling to make up for the lost time. 

Navy and Pentagon officials have become alarmed that large-scale work on the first of twelve nuclear-powered Columbia-class submarines, set to officially start in 2021, with deliveries, beginning in 2030, could now be fraught with timeline delays.

Rear Adm. Scott Pappano, executive program officer for the Columbia-class ballistic missile submarine program, said "a hiccup" during coronavirus lockdowns led to a serious decline in workers at UK-based Babcock Marine, leading to major delays in the work schedule. 

"There was an interruption in our ability to do work," Pappano said, calling the several month delays a "worst-case" scenario if no additional measures were taken to speed up the work going forward. 

"We're analyzing the plan right now," he added. "Prioritizing what tubes go where and then coming up with mid-term and long-term recovery plans to go deal with that."

The Navy is now "walking a tightrope on its Virginia and Columbia programs, and any slip on one program will affect the other," Breaking Defense said.

A major risk developing is that if any of the programs are delayed, it could give China and Russia a leg up in the global arms race. 

While the virus has affected the Navy's shipbuilding, there were deployment issues due to an outbreak of infections on several vessels. One ship, in particular, was the USS Theodore Roosevelt, which saw at least 1,000 soldiers contract the virus. The aircraft carrier had to divert from its mission in the Western Pacific to treat and isloate crew in Guam. 

And just like that, the Chinese virus has weakened the US Navy -- while China's Navy conducts war drills in the South China Sea

Published:6/5/2020 9:02:02 PM
[TC] Fast-growing Madison Reed is eyeing men’s hair next; “We’re going to blow the doors off that market” Amy Errett’s company, Madison Reed, sells in-home care color. It may not sound like a glamorous business but, as it turns out, it’s a very durable one, done the right way. Not only has the seven-year-old outfit been slowing chipping away at the dominant personal care giants like L’Oreal that have long controlled what’s currently […] Published:6/5/2020 9:02:02 PM
[Politics] Interior Secretary: Park Police Were in 'State of Siege' U.S. Park Police (USPP) officers faced "a state of siege" just before they cleared protesters near the White House on Monday, Interior Secretary David Bernhardt wrote in a letter to lawmakers, The Hill reported. Published:6/5/2020 9:02:02 PM
[topics:places/usa] George Floyd protests: 'NO KNEELING!' Donald Trump launches attack on NFL players who disrespect flag Published:6/5/2020 9:02:02 PM
[Markets] Trump Today: Trump claims that only ‘left wing’ policies will derail U.S. recovery as he celebrates return of jobs President Donald Trump on Friday celebrated the return of 2.5 million jobs to the U.S. economy in May, and went on the attack against Democrats as surveys show him trailing behind Joe Biden among voters in key states.
Published:6/5/2020 9:02:02 PM
[] Take Off For The Great White ONT Well guys, it seems like we're not alone. The civil unrest has reached Canada.... Published:6/5/2020 9:02:02 PM
[Markets] Signs of Green Shoots Appear in a Battered Car Industry. Everything Is Relative. May car sales were down from a year earlier, but beat expectations. That sent shares of car makers, dealers, parts suppliers, and specialty lenders up. They’re still in a hole, but they could see gains ahead. Published:6/5/2020 8:30:51 PM
[worldNews] Bolsonaro threatens WHO exit as COVID-19 kills 'a Brazilian per minute' President Jair Bolsonaro threatened on Friday to pull Brazil out of the World Health Organization after the U.N. agency warned governments about the risk of lifting lockdowns before slowing the spread of the novel coronavirus.
Published:6/5/2020 8:30:51 PM
[Markets] Crime... Is Crime! The Age Of Chaos Has Arrived Crime... Is Crime! The Age Of Chaos Has Arrived Tyler Durden Fri, 06/05/2020 - 21:20

Authored by Robert Gore via Straight Line Logic blog,

You can fool most of the people most of the time, but you can’t fool reality any of the time.

The reigning chaos reflects perfectly what passes for thought in millions of minds. Minds that have been taught that reality is whatever one believes it to be. That reason is a superstition and is inferior to random feelings and emotions. That observation, hypotheses, experimentation, discovery, and science itself are akin to voodoo rituals. That consumption precedes production and is morally superior to it. That anyone’s work, income and wealth are subject to anyone else’s proclaimed need. That actions have no consequences.

Rioters and looters are faithfully adhering to the distilled essence of what our rulers and intellectual have been telling them for decades: If you need it, or just want it, it’s yours to have or destroy. They are simply eliminating the government middleman. The only surprise is that it didn’t happen long ago.

The Age of Chaos has arrived. Violence is accomplishing what violence always accomplishes—destruction, ruin, and death. The only theoretical justification for government is that it employs force to protect its citizens from violence—invasion, violence against persons or property, and the indirect violence implicit in procuring and keeping value through fraud or extortion.

Modern governments don’t protect their citizens from violence, they subject them to it and are its chief instigator. The latest outrage is coronavirus totalitarianism. It is nauseatingly hypocritical for politicians to ritually and halfheartedly denounce looting and destruction after they’ve spent the last three months destroying millions of businesses and jobs.

There are other killers lurking out there: crime and mass unrest. The statistics for the former and the probability of the latter will only increase with the duration of lockdowns. Police are already reporting an uptick in crime. The death toll from a week of widespread urban rioting could easily surpass that of the entire coronavirus outbreak. There’s no mystery why President Trump has called up a million military reservists, and no assurance they will be able to prevent sporadic riots from deteriorating into total chaos and pandemonium. No mystery, either, why sales of firearms and ammo have jumped. By the way, rioters and looters don’t always social distance, so they may spread the coronavirus.

SLL, “Surrendered Without A Shot,” April 6, 2020

Let’s reach a conclusion that lockdown proponents will reflexively deny: the lockdowns have made the rioting worse. It’s not implausible to suggest that people stuck in their houses for three months might have joined in simply because they were going stir crazy…or were desperate and angry because they lost their jobs and can’t pay their bills.

Government now does everything except the one thing it’s supposed to do—protect the citizenry from violence. Some of the government officials who tossed people into jail for letting their kids play in parks or opening a barbershop are now assuring rioters and looters they feel their pain and are doing little to stop them. It’s the perfect inversion: persecute the innocent, succor the criminals.

Politics is an exercise in criminal demagoguery, the promise of something for nothing in exchange for votes and power. That something has to be stolen from someone by the government. Governments don’t protect against the criminal element because they are the criminal element. Theft, extortion, and fraud can’t produce wealth. They only redistribute and ultimately reduce or eliminate it by destroying the rights of those who produce it.

Rioters have screamed, “Eat the Rich!” and have looted high end stores as an appetizer. To the extent that they’ve announced a program, this appears to be it: install a government that will eat the rich, and by implication anyone who produces wealth. Left open is the question: after they eat the rich and productive, where does their next meal come from?

The present government is already devouring producers and its debt is extortion, theft, and fraud all rolled into one. The full faith and credit of the United States is the full faith and credit of its present and future producers, whose production is and will continue to be extorted and stolen under threats of fines and imprisonment. Creditors are holding debt the value of which the government will do everything to fraudulently undermine via debt monetization, inflation, and currency depreciation.

You can fool most of the people most of the time, but you can’t fool reality any of the time. Reality never grants something for nothing, not even on credit. To get something out, you have to put something in.

The utterly incompetent and incoherent response by government officials to the nationwide rioting, in both word and deed, was inevitable. They can neither speak nor act with intellectual, philosophical, or moral clarity given the dominant political creed—that reality can be subverted, something can be had for nothing, and the rights of some are justifiably destroyed for the benefit of others. That creed obliterates the concept of individual rights and the principles that logically flow from that concept. Yet, only the intellectual vantage point afforded by that concept and its concomitant principles offers clarity.

A policeman in Minneapolis knelt on an already-subdued and handcuffed suspect’s neck for approximately eight minutes and the suspect died shortly thereafter. Three other police did nothing to either stop the policeman or aid the suspect. Based on the video evidence, which will probably not be the complete evidentiary record, the kneeling policeman should be charged with murder and the three other police should be charged as accomplices. All four should have the legal protections afforded all criminal defendants and receive a fair trial before either a judge or a jury. Verdicts would then be reached and any defendant who was found guilty, punished.

Anyone enraged by the police’s behavior, or by the way police treat people or specific groups of people, or any other conduct by the government or its agents has the right to peaceably protest and take other political action, either as an individual or as a member of a group. The key word is peaceably. Nobody has the right to initiate violence against anyone else or their property. The government’s duty is to protect its citizens from such violence and destruction. When it erupts en masse, as in a riot, the government must stop it, with force if necessary, up to and including deadly force. The motivations or justifications of those engaging in the violence and destruction are irrelevant.

Every year governments steal trillions of dollars from their productive citizens. Some of it remains with governments or their agents, some of it is bestowed as unearned largess to the politically favored. Foreign and military policy has degenerated into nonstop war whose only purpose is to feed the military-industrial-intelligence complex and enrich it’s contractors. People can be tossed in jail if they refuse to accept as legal tender a fiat-debt currency backed by nothing, one which the government’s central bank continuously debases, in part to reduce the real value of the government’s debt.

Industry after industry has been turned into government-sponsored predatory cartels, with the military-industrial-intelligence complex and the financial-banking complex at the head of the pack and the medical-pharmaceutical-insurance complex coming on strong. Regulation is an instrument of government extortion and a means for the cartels to exclude potential competition by making entry into cartelized industries prohibitively expensive. No industry is so inconsequential that it can escape regulation; the government has its arbitrary and grasping fingers in every pie.

Under a contradictory-on-its-face rationale of “equality,” governments have created unequal-by-law quotas, preferences, and set-asides for favored groups. Taking the next giant step towards the eradication of whatever remains of individual rights, governments have locked “unessential” people in their homes and prevented them from opening their businesses or working at their jobs. Virtually every government activity and job has been deemed “essential.” There are no individual rights when inequality is written into the law.

Adding insult to injury, attending schools, gathering in groups, or even breathing clean air have also been prohibited in response to a dramatically and intentionally overblown medical danger. When government destroys rather than protects individual rights, its law enforcement arm inevitably does the same. Enforcement becomes a matter of caprice, whim, and the personal predilections and prejudices of its agents. The multitude of laws give law enforcement virtually unlimited power to harass, arrest, brutalize, incarcerate, and kill. The coronavirus measures only increase that power.

There are so many laws and regulations that no person can possibly be aware of or comply with them all, yet government exempts law enforcement from even the most basic strictures against criminality. Under asset forfeiture laws, it can steal property arbitrarily deemed to be involved in the commission of a crime and it is then up to the owner to prove that it was not. Incidents like the one in Minneapolis are commonplace, but the chances the police who commit crimes will be imprisoned, or even lose their jobs, is minimal. The glaring inequity of a system in which innocent citizens are routinely treated as criminals but government exempts itself from justice has not been lost on the citizenry. It has not been lost on police forces, who have been militarized not to protect themselves and the government from criminals, but from an increasingly subjugated and enraged citizenry.

To believe that a government that has destroyed individual rights while enshrining its own criminality can speak or act with any kind of moral authority towards criminal rioters and looters is absurd. The apex of absurdity—so far—is the Minneapolis police force’s abandonment of its own precinct station to rioters. Criminals will attack soft targets, and those who agree with them in principle are soft targets. If a government won’t protect its own property from criminals, it’s certainly not going to protect law abiding citizens’ lives or property.

The rioting makes a mockery of arguments that the government should control or eliminate citizens’ right and access to firearms, which would make them soft targets. A government that refuses to protect individuals and their rights hasn’t a leg to stand on when it tries to restrict individuals from defending themselves. Such restrictions are clearly seen for what they are: another government destruction of individual rights.

How long can governments that outlaw businesses, jobs, and education—in short, production—and engage in and legitimize theft, fraud, extortion, vandalism, violence, and murder—in short, destruction—survive? Reality cannot be fooled. Production is survival—for both producers and the governments they support—destruction its antithesis. The bell tolls.

WE hold these Truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the Pursuit of Happiness—That to secure these Rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed, that whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its Foundation on such Principles, and organizing its Powers in such Form, as to them shall seem most likely to effect their Safety and Happiness.

The Declaration of Independence, 1776

Our government effects only terror and misery. To effect our Safety and Happiness, it’s past time to withdraw “the Consent of the Governed” and “to alter or to abolish” it. That is our right, enshrined in our Declaration.

Published:6/5/2020 8:30:51 PM
[Politics] Michigan's Top Court Tosses Orders Against Defiant Barber The Michigan Supreme Court has overturned orders that directed a 77-year-old barber to shutter his shop during the coronavirus pandemic, with one justice saying judges need to follow the "rule of law, not hysteria." Published:6/5/2020 8:30:51 PM
[] Bethesda biker seen in viral video assaulting 3 people posting George Floyd flyers now under arrest Published:6/5/2020 7:59:57 PM
[Columnists] Riots Are Violence, Except for Those Who Risk Nothing

It’s weird that this needs to be said, but here we are. Then again, the pundit who reprehensibly claims that destroying property “is not violence”... Read More

The post Riots Are Violence, Except for Those Who Risk Nothing appeared first on The Daily Signal.

Published:6/5/2020 7:59:57 PM
[5d7f2476-3b2d-5974-a525-1332fa142efc] 'Selma' free to rent, Paramount says: It highlights ‘the importance of equality, dignity and justice for all’ "Selma" -- which follows Martin Luther King Jr.'s 1965 march from Selma to Montgomery, Ala., in a campaign to secure equal voting rights -- will be available for free on digital platforms during the month of June, according to Paramount Pictures -- the studio behind the 2014 movie. Published:6/5/2020 7:59:57 PM
[Politics] FBI lovebird Lisa Page starts new gig at MSNBC as their national security analyst Oh boy. Lisa Page is now trending after MSNBC announced that they hired her on as a contributor. I started something new today! 😳 https://t.co/ZfzGK5FhST — Lisa Page (@NatSecLisa) June 5, 2020 . . . Published:6/5/2020 7:59:57 PM
[Politics] FBI lovebird Lisa Page starts new gig at MSNBC as their national security analyst Oh boy. Lisa Page is now trending after MSNBC announced that they hired her on as a contributor. I started something new today! 😳 https://t.co/ZfzGK5FhST — Lisa Page (@NatSecLisa) June 5, 2020 . . . Published:6/5/2020 7:59:57 PM
[Markets] Black Lives Matter Melbourne Tells White People: "No Selfies" Black Lives Matter Melbourne Tells White People: "No Selfies" Tyler Durden Fri, 06/05/2020 - 20:40

Authored by Paul Joseph Watson via Summit News,

Black Lives Matter Melbourne has issued a list of required behavior from white people attending their protest, which includes no selfies and the demand that, “If a black person tells you to do something, you do it immediately without question.”

Up to 40,000 people are expected to attend the demonstration in Australia, which the potential for riots high given the city’s militant left-wing nature.

In anticipation of that, BLM Melbourne issued a lengthy list of requirements for how white people are allowed to behave during the rally.

“DO NOT TAKE SELFIES,” states the guide. “Ask to take pictures or videos of individuals. You are there to witness only. Film the police as much as possible. Your goal is documentation to ensure that the true narrative is told.”

The guide also instructs white people to show deference and obedience to black people at all times.

“FOLLOW DIRECTIONS. If a black person tells you to do something, you do it immediately without question. You respect the authority and decisions of the black protestors at all times.”

White people are also not allowed to lead chants and will be required to stay at the back of the protest until they are called forward, with the guide telling them, “WHEN YOU ARE AT THE FRONT, YOU ARE SILENT.”

The no selfies rule is funny because it’s likely to keep many protesters at home given they won’t be able to properly virtue signal for the purposes of their Instagram page, which for some is the most important thing.

 

The other irony is that protest leaders are basically enforcing racial segregation by keeping the white attendees away from the main demonstrators.

*  *  *

My voice is being silenced by free speech-hating Silicon Valley behemoths who want me disappeared forever. It is CRUCIAL that you support me. Please sign up for the free newsletter here. Donate to me on SubscribeStar here. Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

Published:6/5/2020 7:59:57 PM
[Entertainment] The Bachelor's Bekah Martinez and Garrett Yrigoyen Argue Over Police Support Amid Protests Bekah Martinez, Garrett YrigoyenBachelor Nation is divided after Garrett Yrigoyen posted a statement in support of "Thin Blue Line," a phrase used in association with Blue Lives Matter countermovement. In a...
Published:6/5/2020 7:59:57 PM
[Politics] Dick Morris to Newsmax TV: Trump Loses Past, Wins Future Former presidential adviser and campaign consultant Dick Morris told Newsmax TV on Friday that President Donald Trump is wisely positioning himself as the candidate who can rebuild the United States as it emerges from riots and the novel coronavirus outbreak. Published:6/5/2020 7:59:57 PM
[worldNews] G20 pledges more than $21 billion to fight coronavirus The Group of 20 rich and emerging economies has pledged more than $21 billion to fight the coronavirus, the group said early on Saturday.
Published:6/5/2020 7:59:57 PM
[Right Column] Pope Francis: Wounds of Mother Earth ‘Bleed in Us’ – Insists the planet is ‘sick,’ ‘wounded’ & ‘bleeding’
Published:6/5/2020 7:59:57 PM
[] Hostage released from Iran, thanks Trump for "making America great again" Published:6/5/2020 7:37:10 PM
[] WATCH: Members of the Georgia National Guard dance the 'Macarena' shortly before curfew Published:6/5/2020 7:37:10 PM
[] The collapse of social distancing and establishment authority Published:6/5/2020 7:37:10 PM
[Democrats] Hickenlooper Guilty on Ethics Charge

A state ethics committee found that former Colorado governor and current Senate candidate John Hickenlooper (D.) violated a ban on accepting gifts while in office.

The post Hickenlooper Guilty on Ethics Charge appeared first on Washington Free Beacon.

Published:6/5/2020 7:37:10 PM
[Entertainment] NFL and Roger Goodell Admits Wrongdoing in ''Not Listening'' to Players About Racism Roger Goodell, NFLNFL Commissioner Roger Goodell has come forward to say the league was wrong for "not listening" to players' concerns regarding racial inequality. In a new statement voicing...
Published:6/5/2020 7:37:10 PM
[Politics] US Limits China's Airlines to 2 Weekly Flights Amid Trade Spat The Trump administration, in the latest move ratcheting up tensions in U.S.-China trade, said Friday the nation had continued to violate airlines' rights by restricting flights and ordered new limits on its carriers. Published:6/5/2020 7:37:10 PM
[Columnists] Without Apologies, China Is Now on the Move

George Floyd was killed in Minneapolis on May 25 when a police officer used brutally excessive force to arrest him. It was the latest in... Read More

The post Without Apologies, China Is Now on the Move appeared first on The Daily Signal.

Published:6/5/2020 7:37:10 PM
[Markets] Journalist Who Busted Illinois Governor's Wife Violating Lockdown Sues After Briefing Ban Journalist Who Busted Illinois Governor's Wife Violating Lockdown Sues After Briefing Ban Tyler Durden Fri, 06/05/2020 - 20:20

An Illinois journalist who broke the story that Gov. J.B. Pritzker's wife violated the state's "stay-at-home" order by traveling to the family's equestrian estate in Wisconsin has sued after she was barred from Pritzker's coronavirus press briefings.

On Friday, May 15, Jacobson broke the story that Pritzker’s family had traveled to their equestrian estate in Wisconsin amid Illinois’s stay-at-home order – weeks after it was reported that his family was at another estate in Florida. The news raised questions about why the stay-at-home order did not apply to the governor’s family.

On the day of the governor’s next press briefing, Pritzker’s press secretary told Jacobson she was banned from the briefings because she had attended a rally advocating for Illinois to end its lockdown. When questioned by reporters about Jacobson’s exclusion the next day, Pritzker told the press corps that Jacobson could not attend because advocating for Illinois to end its stay-at-home order represents an “extreme position.” The governor went on to say: “That is not a reporter … once upon a time she was a reporter but she proved that she is no longer a reporter.” -AP

The lawsuit, filed by attorneys from the Liberty Justice Center, asks the court to take immediate action to allow Jacobson back into the press briefings

"Gov. Pritzker has been in the hot seat over his handling of the coronavirus pandemic, and it’s visible from his reactions to Amy Jacobson’s questions that her reporting made him uncomfortable. But what the governor appears to not understand is that Americans have a right to hold their elected officials accountable, and one of the ways they do this is through a vibrant, free press," said Liberty Justice Center president and co-founder, Patrick Hughes.

"It’s not up to Gov. Pritzker to pick and choose which reporters can cover him based on how much he agrees with their coverage or their points of view. And keeping reporters out of the room because he disagrees with their line of questioning or point of view is a gross violation of the First Amendment."

Jacobson has worked for television and radio stations nationwide for over 25 years - the last decade of which has been spent as a reporter and morning show host on Salem Media's Chicago AM 560 The Answer.

Jacobson has been attending the governor’s COVID-19 press briefings on behalf of the station since April. While some reporters have used the daily briefings to ask softball questions, such as how the governor is holding up, Jacobson has asked notably tough questions. -AP

"The reason we sent Amy to these press briefings is because she is a dogged reporter with a reputation for holding public officials accountable. Over the last two months Amy has done her job well, asking the tough questions that are on the minds of so many of our listeners," said AM 560 regional VP and general manager, Jeff Reisman. "We’re disappointed that the governor would retaliate against her and take the unprecedented step of blocking her from his press briefings. We had hoped litigation would not be necessary, but it’s imperative for Amy to get back into the room and keep doing her job."

Published:6/5/2020 7:37:10 PM
[Markets] Trump claims that only ‘left wing’ policies will derail U.S. recovery as he celebrates return of jobs President Donald Trump on Friday celebrated the return of 2.5 million jobs to the U.S. economy in May, and went on the attack against Democrats as surveys show him trailing behind Joe Biden among voters in key states. Published:6/5/2020 7:37:10 PM
[worldNews] Brazil's Supreme Court halts police raids in Rio's favelas during pandemic A Brazilian Supreme Court minister on Friday prohibited police raids in Rio de Janeiro's favelas during the novel coronavirus pandemic, as a groundswell of criticism of brutal police tactics grows in Latin America's largest nation.
Published:6/5/2020 7:37:10 PM
[Uncategorized] Appeals Court Orders Molotov Cocktail Lawyers Back to Jail Reverses District Court release on bail Published:6/5/2020 6:59:52 PM
[Volokh Conspiracy] [Eugene Volokh] Zip-Lining: Not an "Essential Service" An interesting little decision on whether contractual waivers of negligence liability are enforceable in recreational contexts: Yes as to zip-lining, under Colorado law, says Judge William J. Martinez in today's Cowles v. Bonsai Design, LLC (D. Colo.): Colorado law "distinguishe[s] businesses engaged in recreational activities, which are not practically necessary and with regard to which the… Published:6/5/2020 6:59:52 PM
[09bb69f7-5c33-59ea-9093-bac6151ef30b] Paul McCartney on Beatles refusing to play for segregated audience in 1964, justice for George Floyd’s family Paul McCartney is speaking out amid a time of civil unrest following the death of George Floyd. Published:6/5/2020 6:59:52 PM
[Markets] 2 National Guardsmen Struck By Lightning During Washington DC Protest 2 National Guardsmen Struck By Lightning During Washington DC Protest Tyler Durden Fri, 06/05/2020 - 19:40

In a freak occurrence during Wednesday night's protests, two National Guardsmen were badly injured after being struck by lightning near the White House, officials said early Friday. The two service members were struck shortly after midnight within the Lafayette Park perimeter, where protests over the death of George Floyd continued for a seventh day (note: it was the ninth day of demonstrations in Minneapolis).

Both officers were taken to a nearby hospital with non-life-threatening injuries.

Video of the aftermath went viral.

Despite the heavy rain and flood warnings, a core group of protesters returned Thursday night despite the weather after Washington DC Mayor Muriel Bowser rescinded a planned curfew after there were zero arrests the night before.

The DC area saw some pretty intense lightning during last night's storm.

Probably not an ideal time to be standing outside carrying a bunch of metal.

Published:6/5/2020 6:59:52 PM
[Antifa] Infiltrating Antifa (John Hinderaker) Antifa is a vicious fascist organization that is indistinguishable from the Nazi Brownshirts of the 1930s. Terrorizing innocent people and destroying property are its only tactics. President Trump recently designated Antifa a domestic terrorist organization, which it certainly is, although one with extensive international connections. Also with a lot of money: Antifa is heavily financed by left-wing plutocrats. James O’Keefe’s Project Veritas has been infiltrating Antifa, apparently over a significant Published:6/5/2020 6:59:52 PM
[Markets] NFL condemns racism, Goodell says league was wrong about player protests NFL condemns racism, Goodell says league was wrong about player protests Published:6/5/2020 6:59:52 PM
[Law] 6 Things People Are Saying in Memory of George Floyd

In the days since George Floyd’s death in police custody, his family and friends have been remembering his life.  “The thing I miss most about... Read More

The post 6 Things People Are Saying in Memory of George Floyd appeared first on The Daily Signal.

Published:6/5/2020 6:33:52 PM
[] 57 Buffalo cops resign from unit following incident that sent old man to the hospital Published:6/5/2020 6:31:36 PM
[Politics] Insane liberal mayor tells Chicago residents to not use guns to defend themselves during riots Democrats and liberals are getting WOKE alright – about the Second Amendment! There’s a loooot of people out there saying that they see the need to defend themselves when society begins to . . . Published:6/5/2020 6:31:36 PM
[Entertainment] Little Mix's Leigh-Anne Pinnock Feels Like She's the "Least Favored" Member Because of Her Race Leigh-Anne PinnockLeigh-Anne Pinnock is opening up about her experience in the music industry. As the Black Lives Movement continues to grow around the world, the Little Mix member took to Instagram Friday...
Published:6/5/2020 6:31:36 PM
[Coronavirus] Wisconsin Officials Change Guidance for Religious Gatherings After Legal Pressure

Public health officials in Wisconsin changed their coronavirus guidance to lift a cap on in-person gatherings for religious services.

The post Wisconsin Officials Change Guidance for Religious Gatherings After Legal Pressure appeared first on Washington Free Beacon.

Published:6/5/2020 6:31:36 PM
[Uncategorized] Appeals Court Orders Molotov Cocktail Lawyers Back to Jail Reverses District Court release on bail Published:6/5/2020 6:31:36 PM
[Volokh Conspiracy] [Eugene Volokh] Pro-Riot & Pro-Police-Abuse A common thread among two kinds of arguments. Published:6/5/2020 6:31:36 PM
[Gadgets] Lidar helps uncover an ancient, kilometer-long Mayan structure Lidar is fast becoming one of the most influential tools in archaeology, revealing things in a few hours what might have taken months of machete wielding and manual measurements otherwise. The latest such discovery is an enormous Mayan structure, more than a kilometer long, 3,000 years old, and seemingly used for astronomical observations. Takeshi Inomata […] Published:6/5/2020 6:31:36 PM
[worldNews] COVID-19 crisis shakes Brazil, but Bolsonaro keeps impeachment at bay One of the world's worst coronavirus outbreaks, a paralyzed economy sending investors fleeing for the exit, and accusations that he has undermined Brazil's young democracy have not loosened President Jair Bolsonaro's grip on power.
Published:6/5/2020 6:31:36 PM
[Markets] Rickards: You May Never See "Normal" Again Rickards: You May Never See "Normal" Again Tyler Durden Fri, 06/05/2020 - 19:20

Authored by James Rickards via The Daily Reckoning,

American cities are burning, there’s a lethal pandemic and we’re in a new Great Depression.

Other than that, everything’s fine...

People often ask me when things will “get back to normal.” Well, the answer could be never (or at least not for a long time).

Germany was not “normal” from 1914–54, for example. Social disorder is like a virus; it goes away eventually but not necessarily soon.

Meanwhile, we’re now in our third month of a national lockdown, with perhaps another month to go, depending on your locality.

Some states and cities are beginning to reopen, but they’re doing it in “phases,” so maybe your hair stylist reopened last week and your favorite restaurant will reopen next week.

The lockdown has certainly been painful for many. Even under the best of circumstances, anxiety levels went up, patience wore thin and tempers flared at trivial things. Cabin fever is a real disease.

Was it all worth it?

I’ve done a deep dive on this and the answer is almost certainly no.

The lockdown did slow the spread of the virus and did save some lives, that’s true. Yet the gains may only be temporary.

“Flattening the curve” does not mean reducing total infections and deaths. It just means stretching them out over a longer period so the hospital system is not overwhelmed.

There were much better solutions for this, including temporary hospitals and sending doctors and nurses from low-infection areas to those areas most in need, like New York City.

The biggest problem with the lockdown was that everyone counted the benefits but no one calculated the costs.

Many may have died and still could die from suicide, drug overdoses, alcoholism, domestic violence and other untreated medical conditions like cancer and heart attacks because patients were afraid to go to hospitals for fear of getting the virus.

In short, the lockdown may end up costing more lives than were saved.

That’s on top of trillions of dollars of lost wealth and lost economic output. That’s what happens when you put doctors in charge of the economy. Next time, it might be a good idea to let a few economic analysts into the room also.

But don’t worry, the optimists say. We’ll see a “V”-shaped recovery once the lockdowns are fully lifted.

You probably know the theory of a “V”-shaped recovery. The idea is that the economy fell sharply in March and April 2020 but it’s ready to bounce back with a record recovery this summer and fall.

The crash is one side of the “V” and the recovery is the other. The result is you end up recovering all of your losses and are ready for new growth from the old levels.

You’ll hear this a lot, but don’t believe it.

Remember “green shoots” in 2009 and 2010? They turned out to be brown weeds. Yes, the economy eventually recovered and the stock market went on to new highs, but it was the weakest recovery in U.S. history and those stock market highs took almost seven years to appear.

Things are much worse now.

Yes, we will hit a bottom this summer. And yes, a recovery will begin. But it will be long and hard.

Output may not get back to 2019 levels until 2022 or later. Unemployment will come down, but it is still expected to be higher than the worst of the 2008 crisis in 2023. The bankruptcies are just starting.

We’ve seen J. Crew, J.C. Penney, Neiman Marcus, Pier 1 Imports and Hertz all file for bankruptcy in recent weeks. There is a long line of name-brand companies right behind them preparing to go bankrupt also.

Not only will we not have a V-shaped recovery, but it will probably be an “L” (down and then sideways).

The 2009–2020 recovery was an “L” where the new trend for growth was 2.2% instead of the post-1980 trend of 3.2%.

Now the new recovery (when it begins) may have output of only 1.9% or less.

When each recovery is weaker than the one before and debt goes up faster than growth, it’s just a matter of time before you go broke — or eventually break out in inflation.

We probably won’t see inflation for a while because inflation has a strong psychological component and right now a deflationary mindset prevails.

That may change — it probably will — but we’re not there at this point.

Meanwhile, people are looking for “safe havens” right now.

Stock and Treasury market behavior can be explained as much by “safe haven” demand as fundamentals. But what happens when the safe haven doesn’t look so safe?

There’s still one place to go — gold.

Published:6/5/2020 6:31:36 PM
[] Leftwing White Women Are In Some Contest To Prove They're the Most Hysterical Lunatics On the Planet and No One Else Is Even Competing for Second-Place They've started a hashtag... #GoBaldforBLM. Because #VirtueSignalling isn't just for Twitter now.... Published:6/5/2020 6:31:36 PM
[] Buffalo Riot Response Team Resigns In Protest of Officers' Suspensions Published:6/5/2020 6:00:22 PM
[] MSNBC and NBC News hire Lisa Page as a legal analyst Published:6/5/2020 6:00:21 PM
[Markets] Devouring Its Own: How Many On The Left Fostered The Violent Movement Now Rioting Across The Country? Devouring Its Own: How Many On The Left Fostered The Violent Movement Now Rioting Across The Country? Tyler Durden Fri, 06/05/2020 - 18:40

Authored by Jonathan Turley,

Attorney General Bill Barr acknowledged yesterday that there is a “witches’ brew” of groups fostering violations, including an anarchist group from the right. The anarchists on the left or right are opportunists who will strike at any time of unrest to seek the breakdown of order. However, police are reporting a high number of Antifa and anarchist members arrested in various states.  These are groups that are all too familiar to some of us on college and university campus.  While I have opposed efforts to declare Antifa a terrorist organization, the role of all of these groups in the recent violence should be a cautionary tale for academics and politicians alike in the tolerance shown for such anti-free speech movements.

Ian Fleming famously lamented that history often moves so quickly that “heroes and villains keep on changing parts.” Our media and politicians are now struggling with the same problem today, following the killing of George Floyd. As rioting and looting continue across the country, the question is who to blame for the mayhem. Ultimately, the response was strikingly familiar and telling. Maybe white supremacists were behind it. Maybe the Russians were. It could be anyone except people in the rioting communities or, worse yet, groups lionized or tolerated by the left.

While most protesters remained peaceful, the narrative quickly spiraled glaringly out of sync with images of burning buildings in the background. Although “Today” show host Craig Melvin tweeted out a guide not to refer to them as rioters but rather as protesters, that narrative has since broken down. Indeed, news outlets have been reporting that “outsiders” have been fueling the rioting and that the destruction might be the work of nefarious groups of white supremacists or Russians.

Minnesota Governor Tim Walz and other officials there claimed a majority of those arrested were outsiders. Walz estimated the figure at 80 percent. National Urban League President Marc Morial ratcheted up the outrage in a cable news interview. He demanded an investigation to confirm “if it is white supremacists, if it is Russians, if it is other foreign actors who have tried to exploit the pain and exploit legitimate protests.”

It was manifestly implausible to suggest the rioting was the work of white supremacists or Russians. Arrest data showed a majority of those arrested in Minneapolis were from the city. The four people arrested in New York in fire bombing attacks were all state residents. The problem is that the most obvious culprits are all too familiar. A movement of anarchist, antifascist, and extreme left wing groups has been building for years, with violence from Washington to Berkeley. The most prominent is antifa, but there are also groups like By All Means Necessary with similar histories.

This is a broad movement, not one group, which makes the suggested designation by President Trump of antifa as a terrorist organization both constitutionally and practically dubious. However, the growing antifascist movement has attacked conservative speakers and events for years, with far less media attention than their right wing counterparts receive. Just as many critics have accused Trump of not doing enough to denounce extreme right wing groups, many Democratic leaders have been conspicuously silent in denouncing these antifascist groups.

Indeed, when Attorney General William Barr correctly observed that the rioting shows “antifa like tactics,” politicians and media figures both balked at the suggestion, as opposed to accepting the white supremacist or Russian option. Despite reports of antifa followers and anarchists being arrested, White House correspondent Yamiche Alcindor objected that there was “no evidence” of any activity sparked by anarchists.

Antifa, By All Means Necessary, and other militant or anarchist groups have disrupted universities across the country, including my own, for years. They have found many political and academic allies. Dartmouth Professor Mark Bray wrote a book on antifa, defining the movement as committed to the silencing of opponents and the rejection of classic concepts of free speech. The movement has since found open or passive acceptance with many on the academic left. In fairness, however, many Democratic politicians have denounced past violent attacks.

Yet despite its violent history, some Democratic leaders have been enablers or outright supporters of the antifa movement, insisting that such groups cannot be compared to extreme right wing groups.

While criticizing antifa members three years ago, House Speaker Nancy Pelosi insisted the group has “been there forever” and that “some people may have infiltrated” it. This was not viewed as her Charlottesville moment of claiming there are “very fine people” in antifa. It was a commonly held view that antifascists are by definition better than fascists.

Other Democratic leaders have been much more direct in their support, including the former deputy chair of the Democratic Party, Representative Keith Ellison. Although Germany has banned an antifa website, Ellison posed with the antifa handbook to show support at a Minneapolis bookshop and said it would “strike fear in the heart” of Trump.

Ellison, now the Minnesota state attorney general, was under fire this week for telling protesters they should not attack the National Guard on the streets or “react to them the way you might react to the Minneapolis Police Department. Their job is to try to bring peace and calm back again.” His son Jeremiah Ellison, a Minneapolis city council member, declared support for antifa even as the city endured rioting and looting.

Meanwhile, some media coverage has the uncomfortable feel of a new type of Russia collusion theory. Susan Rice, former national security adviser to President Obama, said that she suspects Russia is behind the effort “to hijack those protests and turn them into something very different” and that “this is right out of the Russian playbook.”

It is likely that racist or foreign actors will try to exploit the unrest on the internet. The same was true, on a larger scale, with Russian interference in the 2016 election. While most of us denounced that Russian interference, it was never plausible that the work of a dozen internet trolls in Saint Petersburg or a dozen military hackers in Moscow had a measurable, let alone meaningful, impact on the outcome of the election.

The same is true with these protests. The rioting began due to deep seated and legitimate anger over police brutality and the tragic death of Floyd. Young people and others did not rush to the streets because they read a posting from some skinhead on the Stormfront website. Yet the references to white supremacists or Russians continued even as reports filtered in of antifa and anarchists being arrested in various cities.

Some politicians in the past sought to tap into the antifascist movement. Others completely avoided denouncing the group. After all, for years, the movement threatened or attacked conservatives. They were not treated as an outside element but rather as this grassroots movement outraged by Trump and his policies. However, the same tactics and likely some of the same people are now burning buildings and cars, attacking police officers and business owners, and destroying property across the country. This is why, during the French Revolution, the journalist Jacques Mallet Pan warned, “Like Saturn, the revolution devours its children.”

Published:6/5/2020 6:00:21 PM
[worldNews] Fearing violence, France bans George Floyd protests at U.S. Embassy, Eiffel Tower French police banned demonstrations planned outside the U.S. Embassy and on the lawns near the Eiffel Tower in Paris on Saturday as protests mount around the world over the death of George Floyd in Minneapolis.
Published:6/5/2020 6:00:21 PM
[Society] Deja Vu: The Riots, Looting, and Arson Recall the Late ’60s

The many U.S. cities currently gripped by civil unrest and violence in the wake of the May 25 death of a black man, George Floyd,... Read More

The post Deja Vu: The Riots, Looting, and Arson Recall the Late ’60s appeared first on The Daily Signal.

Published:6/5/2020 6:00:21 PM
[Entertainment] Faith Stowers Details Her Experience on "All-White" Vanderpump Rules: "It Was A Lot" Faith StowersAs Faith Stowers put it simply, "It was a lot." In a recent Instagram Live, the reality star, who appeared as a recurring character on the fourth season of Vanderpump Rules and...
Published:6/5/2020 6:00:21 PM
[Politics] Insane liberal mayor tells Chicago residents to not use guns to defend themselves during riots Democrats and liberals are getting WOKE alright – about the Second Amendment! There’s a loooot of people out there saying that they see the need to defend themselves when society begins to . . . Published:6/5/2020 6:00:21 PM
[Entertainment] Guest lineups for the Sunday news shows Guest lineups for the Sunday news shows Published:6/5/2020 6:00:21 PM
[World] CityWatch: Anxiety overtakes excitement as New York City prepares to reopen on Monday The next hurdle will be making sure the city can keep the spread of the disease under control as more activity resumes.
Published:6/5/2020 6:00:21 PM
[Politics] Trump: Brees Shouldn't Apologize for Respecting 'Old Glory' President Trump tweeted New Orleans Saints quarterback Drew Brees should not have apologized for saying he thought players who kneel during the national anthem to protest police brutality are "disrespecting the flag." Published:6/5/2020 5:29:43 PM
[worldNews] Protests over police abuses spread to Mexico City, stones thrown at U.S. embassy Masked men and women protesting police abuses vandalized buildings and threw stones at the U.S. embassy in Mexico City on Friday as Mexican state authorities arrested three officers in a bid to quell anger over the death of a man in police custody.
Published:6/5/2020 5:29:43 PM
[63e6ad90-1b50-5f7f-80c4-caa52c4d623b] Jenna Bush Hager remembers best advice from late grandfather former President George H. W. Bush Jenna Bush Hager opened up about the best advice her grandfather, former President George H. W. Bush, shared with her before he passed away. Published:6/5/2020 5:29:43 PM
[Markets] Daily Briefing - June 5, 2020 Daily Briefing - June 5, 2020
Tyler Durden Fri, 06/05/2020 - 18:25
Real Vision CEO Raoul Pal and senior editor Ash Bennington discuss a roaring day on Wall Street as the U.S. labor market breathed a sigh of relief. Looking at everything from tech valuations to the AUD/USD trade, Raoul and Ash dive deeper into this jam-packed news day to see whether the economy really is on the mend. In the intro, Jack Farley touches on these themes and previews Raoul’s interview with Gerard Minack.
Published:6/5/2020 5:29:43 PM
[topics:places/usa] Donald Trump 'to cut a quarter of US troops in Germany' Published:6/5/2020 5:29:43 PM
[Markets] Currencies: How the U.S. dollar’s ‘almost silent slide’ is juicing the stock-market rally Investors might not have noticed amid all the excitement, but a stealthy slide by the U.S. dollar should get some of the credit for the stock market’s stunning rally.
Published:6/5/2020 5:29:43 PM
[] NBC Hires... Russiagate Hoaxer Lisa Page Amazing. Not even hiding it. They were in on the coup from the beginning, and they're putting money in the pockets of all their coup conspirators. Maybe afraid of what the coup plotters will testify to if they flip.... Published:6/5/2020 5:29:43 PM
[] Fauci: These protests are a "perfect set-up" for further spread of coronavirus Published:6/5/2020 5:23:09 PM
[] 'Whoa!' Rasmussen poll of 'black likely voter approval of Trump' indicates the Biden/Dem approach could be backfiring BIG TIME Published:6/5/2020 5:23:09 PM
[Politics] Esper, Milley Refuse to Testify Before House Committee on Military Response to Protests Defense Secretary Mark Esper and Joint Chiefs of Staff Chairman Gen. Mark Milley are refusing to testify to the House Armed Services Committee on how the military has responded to police brutality protests around the country... Published:6/5/2020 5:23:08 PM
[Volokh Conspiracy] [Eugene Volokh] 47 U.S.C. § 230 Preempts State Right of Publicity Claims and other state (but not federal) intellectual property claims brought over platforms' hosting of third-party content. Published:6/5/2020 5:23:08 PM
[Satire] Behold the Next Frontier in Corporate Wokeness

An idea is percolating in the hive mind of social media wokeness.

The post Behold the Next Frontier in Corporate Wokeness appeared first on Washington Free Beacon.

Published:6/5/2020 5:23:07 PM
[Markets] Few black families will benefit from the historic stock market rally Most black families will not see the benefit from a historic stock market rally, one that has persisted despite a global pandemic and nationwide protests. Published:6/5/2020 5:23:07 PM
[Entertainment] Michael Jordan Donates $100 Million to Racial Equality Causes Michael JordanMichael Jordan is donating $100 million in support of the Black Lives Matter movement. In a statement released by his manager Estee Portnoy, it was announced that Jordan and the Jordan...
Published:6/5/2020 5:23:07 PM
[29f881d1-e053-5d1f-8afa-dd448f61446e] Andrew McCarthy: NY Times caves to liberal snowflakes with disgraceful apology for Sen. Cotton's rioting op-ed The New York Times staff went into a meltdown because the paper committed the unspeakable atrocity of publishing an op-ed by a Republican senator on rioting tearing apart U.S. cities – so the Times apologized for allowing the expression of a conservative viewpoint. Published:6/5/2020 5:23:07 PM
[Economy] Trump Touts ‘Rocket Ship’ Recovery Amid Surprise Job Rebound

President Donald Trump touted a nascent economic comeback Friday, as a resurgence of 2.5 million new jobs were added in May, marking what could be... Read More

The post Trump Touts ‘Rocket Ship’ Recovery Amid Surprise Job Rebound appeared first on The Daily Signal.

Published:6/5/2020 5:23:07 PM
[d1a1b218-5c6d-5f74-be45-8c263d4b5454] 'Riverdale' showrunner apologizes to actress Vanessa Morgan after diversity criticism: 'We will do better' "Riverdale" showrunner Roberto Aguirre-Sacasa is promising to make his show a more diverse and inclusive space.  Published:6/5/2020 5:23:07 PM
[worldNews] Colombia arrests 50 for plant and animal trafficking Colombia has captured 50 people and charged them with illegally trafficking plants and animals as part of efforts by authorities to protect the environment, the government said in a statement on Friday.
Published:6/5/2020 5:23:07 PM
[Markets] Key Words: No more social distancing for media in Rose Garden as White House decides it ‘looks better’ when reporters bunch together Why, asked the White House Correspondents’ Association, were reporters being asked to violate established best practices, with 1,000 Americans perishing daily from COVID-19 and states including Arizona, Arkansas, Texas and Tennessee continuing to see new peaks in cases?
Published:6/5/2020 5:23:06 PM
[Entertainment] A shattered window and ‘Black Lives Matter’ painted on a street: When public art becomes political As the pressure builds daily, the artwork becomes more urgent and pointed. Published:6/5/2020 5:23:06 PM
[Markets] Chicago Mayor Begs Walmart, Other Looted Retailers Not To Abandon City Chicago Mayor Begs Walmart, Other Looted Retailers Not To Abandon City Tyler Durden Fri, 06/05/2020 - 18:20

While Chicago officials give slaps on the wrist to arrested protesters, Mayor Lori Lightfoot is begging Walmart and other major retailers who were hit by looting and vandalism to reopen their doors despite riots over the killing of George Floyd by a Minnesota police officer who now faces charges for second-degree murder.

Lightfoot held a conference call with Walmart and the other retailers when she pleaded with them not to abandon Chicago, according to WBBM.

"I think in the case of Walmart, what they were focused on was assessing the damage. They are doing an effort to donate fresh produce, to the extent of what's left so it doesn't perish, and other perishables, and they are talking their time, as I would expect," she said.

There were earlier reports that Walmart expected to rebuild all stores trashed by looters and vandals, but company officials later said they would open some stores and would not say which ones. 

The Mayor said most of the others said they are committed to Chicago. She said she hopes Walmart follows suit. -WBBM

"My hope is that they will come back," said Lightfoot. "But I got a resounding, 'Mayor, this is our city, this is our home,' from a lot of other retailers and I would hope that Walmart would follow suit."

Published:6/5/2020 5:23:06 PM
[] Expose Antifa, Part 2: Antifa Fight Club Remember: Fredo Cuomo, Don Lemon, Jim Acosta, Jeff Zucker and CNN support violent terrorist revolutionaries. They simultaneously demand that you never even criticize them for their support of violent attacks on citizens because the chance that that might encourage violence... Published:6/5/2020 5:23:05 PM
[Coronavirus] Whitmer Dodges Coronavirus Oversight Probe

Michigan's Democratic governor Gretchen Whitmer refused an invitation to testify before a special oversight committee created by the state legislature to examine her widely criticized handling of the coronavirus pandemic. Republican state lawmakers on Thursday requested that Whitmer testify before the Joint Select Committee on the COVID-19 Pandemic, which was created after the governor awarded a lucrative ...

The post Whitmer Dodges Coronavirus Oversight Probe appeared first on Washington Free Beacon.

Published:6/5/2020 4:31:57 PM
[Politics] California grants another extension to BYD in delivering $1B order of N95 masks

California has granted a second extension in its $1-billion contract with Chinese automaker BYD for coveted N95 masks to fight the spread of coronavirus.

Published:6/5/2020 4:31:57 PM
[Politics] Sen. Harris to Trump: 'Keep George Floyd's Name Out of Your Mouth' Sen. Kamala Harris, D-Calif., blasted President Donald Trump on Twitter for invoking George Floyd's name during his speech on the state of the economy Friday. Published:6/5/2020 4:31:56 PM
[worldNews] 'Stand up to Trump!' Canadian protesters shout to Trudeau during anti-racism rally Canadian protesters chanted "Stand up to Trump!" to Prime Minister Justin Trudeau when he joined the thousands who gathered in front of Parliament in Ottawa for an anti-racism rally on Friday.
Published:6/5/2020 4:31:56 PM
[Markets] The recovery is happening, right? Why $9 billion of student loan bonds just got downgraded Ratings on billions worth of student loan bonds are being slashed by credit-rating firm Moody’s, which expects debt payoffs to be further derailed over the next 24 months. Published:6/5/2020 4:31:56 PM
[Markets] Even the worst-case scenario for U.S. stocks doesn’t look bad Fast rebounds in the stock market tend to be favorable for future prices.
Published:6/5/2020 4:31:56 PM
[Uncategorized] All 57 Members of Buffalo Police Department’s Emergency Response Team Resign A mess of liberal making Published:6/5/2020 4:31:56 PM
[2020 News] 57-Member Buffalo Police Team Resigns Over Officers’ Suspension

57-Member Buffalo Police Team Resigns Over Officers’ Suspension. Well, they told the guy to get back and he didn’t. “The now-resigned officers remain employed by the department, but are no longer on Emergency Response Team, which was formed in 2016 for the purpose of managing mass protests.” Just about an hour ago, police officers shove man […]

The post 57-Member Buffalo Police Team Resigns Over Officers’ Suspension appeared first on IHTM.

Published:6/5/2020 4:31:56 PM
[Politics] DC Mayor tries to make statement against Trump using Black Lives Matter, but DC BLM group won’t play along… DC’s leftist mayor tried to get one up on Trump by renaming an intersection near Lafayette Park “Black Lives Matter Plaza”, and having “Black Lives Matter” painted on the road, obviously making . . . Published:6/5/2020 4:31:56 PM
[Politics] DC Mayor tries to make statement against Trump using Black Lives Matter, but DC BLM group won’t play along… DC’s leftist mayor tried to get one up on Trump by renaming an intersection near Lafayette Park “Black Lives Matter Plaza”, and having “Black Lives Matter” painted on the road, obviously making . . . Published:6/5/2020 4:31:56 PM
[World] Lars von Retriever's Metal Trump: MAGA for Headbangers Published:6/5/2020 3:59:57 PM
[] PBS reporter Yamiche Alcindor's selective interest in unemployment rates Published:6/5/2020 3:59:57 PM
[World] BOOK REVIEW: 'Dumb Luck and the Kindness of Strangers'

Eric Engberg, one of my fishing buddies a couple decades ago, was an on-the-air reporter for CBS News for 26 years until he had emergency bypass surgery, bagged his television career in 2002, bought a used trawler and retired to Florida to fish and enjoy the good life.

He told ... Published:6/5/2020 3:59:57 PM

[Cloud] The accelerating digital transformation, redux Earlier this week, TechCrunch covered a grip of earnings reports showing that some companies helping other businesses move to modern software solutions are seeing accelerated growth. Inside the Software as a Service (SaaS) world, this is known as the digital transformation. Based on how many software companies are talking about it, the pace of change […] Published:6/5/2020 3:59:56 PM
[Politics] Trump weighs in on Drew Brees, says he shouldn’t have apologized… Trump just weighed in on Drew Brees, saying he shouldn’t have issued an apology over his comments on the American flag and the national anthem: “I am a big fan of Drew . . . Published:6/5/2020 3:59:56 PM
[Politics] Biden: Trump's Comment Invoking George Floyd 'Despicable' Former Vice President Joe Biden ripped President Donald Trump for invoking George Floyd's name while cheering unemployment figures released on Friday, CNN reports... Published:6/5/2020 3:59:56 PM
[Entertainment] White House forces reporters to ditch social distancing The White House abandoned social distancing for reporters attending President Donald Trump’s Rose Garden event Friday Published:6/5/2020 3:59:56 PM
[278ef0bb-be4c-5a44-a5dd-db64fcede167] Meghan Markle reveals sweet sponsorship in son Archie's name Meghan Markle just did the sweetest gesture in her one-year-old son, Archie's name.  Published:6/5/2020 3:59:56 PM
[2020 News] Nolte: Your Handy-Dandy Survival Guide to Life Under Social Justice Mob Rule

Nolte: Your Handy-Dandy Survival Guide to Life Under Social Justice Mob Rule. If you live in a blue state, county, or city, run Forrest run!

The post Nolte: Your Handy-Dandy Survival Guide to Life Under Social Justice Mob Rule appeared first on IHTM.

Published:6/5/2020 3:59:56 PM
[Markets] Rasmussen: Black Approval For Trump Surges To Over 40% Rasmussen: Black Approval For Trump Surges To Over 40% Tyler Durden Fri, 06/05/2020 - 16:45

Authored by Paul Joseph Watson via Summit News,

Despite the recent riots over police brutality, Rasmussen has indicated that black approval for the job President Trump is doing is now over 40%.

“Our Daily Presidential Tracking poll today shows Black Likely Voter approval of the job @realDonaldTrump is now over 40%,” tweeted the polling agency.

The full results of the poll are yet to be published, but the number suggests that the media’s campaign to frame Trump’s response to the riots as draconian and racist has completely failed.

For comparison, back in August 2019, Rasmussen’s numbers showed black support for Trump hovering at around 26%.

Several polls conducted in December 2019 also showed black support for Trump over 30%.

With the economy starting to bounce back and May seeing a record 2.5 million jobs added, the numbers will be encouraging for Trump, who as recently as last month saw his overall job approval job sink to a two-year low.

*  *  *

My voice is being silenced by free speech-hating Silicon Valley behemoths who want me disappeared forever. It is CRUCIAL that you support me. Please sign up for the free newsletter here. Donate to me on SubscribeStar here. Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

Published:6/5/2020 3:59:56 PM
[Entertainment] LA Galaxy Releases Player Aleksandar Katai Over Wife's ''Racist and Violent'' Posts Aleksandar Katai, Tea Katai, InstagramLos Angeles soccer team LA Galaxy has released Aleksandar Katai over controversial comments posted by his wife, Tea Katai, on social media. In a statement released Friday, the team said...
Published:6/5/2020 3:59:56 PM
[worldNews] French army kills al-Qaeda North Africa chief Droukdel: armed forces minister France said on Friday its military forces had killed al Qaeda's North Africa (AQMI) chief Abdelmalek Droukdel during an operation in northern Mali, a key Islamist fighter that its forces had been hunting for more than seven years.
Published:6/5/2020 3:59:56 PM
[Markets] Apple stock fully recovers from coronavirus decline, returns to record highs Apple stock fully recovers from coronavirus decline, returns to record highs Published:6/5/2020 3:59:56 PM
[Markets] This week in Trumponomics Yahoo Finance's Rick Newman joined The Final Round to discuss the May jobs report and also gave this week's Trumpometer reading. Published:6/5/2020 3:59:56 PM
[Markets] The Conversation: How to stay safe from coronavirus in a public bathroom Touch as little as possible inside the restroom, wash your hands but don’t use the hot-air dryer.
Published:6/5/2020 3:59:56 PM
[World] NewsWatch: How the U.S. dollar’s ‘almost silent slide’ is juicing the stock-market rally Investors might not have noticed amid all the excitement, but a stealthy slide by the U.S. dollar should get some of the credit for the stock market’s stunning rally.
Published:6/5/2020 3:59:56 PM
[] Exec. Dir. of @TeamPelosi blames President Trump for the two Buffalo police officer who shoved a 75-year-old man Published:6/5/2020 3:30:34 PM
[Politics] Newsom calls for new California restrictions on police use of force following death of George Floyd

Gov. Newsom vows to work with the California Legislative Black Caucus and others on new use-of-force standards following the death of George Floyd.

Published:6/5/2020 3:30:34 PM
[worldNews] Vatican arrests Italian in investigation of London real estate deal Vatican police on Friday arrested Gianluigi Torzi, an Italian middleman who was part of a deal in which the Vatican purchased a luxury building in London as an investment.
Published:6/5/2020 3:30:34 PM
[Markets] Dow finishes up over 800 points as stocks soar on strong jobs report Dow finishes up over 800 points as stocks soar on strong jobs report Published:6/5/2020 3:30:34 PM
[Politics] Trump Deregulates Commercial Fishing Off Maine Coast President Donald Trump took action Friday to allow commercial fishing at a marine conservation area off the New England coast. Published:6/5/2020 3:30:34 PM
[Media] Washington Post Dismayed By Great Economic News (John Hinderaker) The Washington Post was so confident that the May jobs report would show rising unemployment that it pre-wrote and actually tweeted a “grim milestone” story that it then hurried to retract: The Post sheepishly acknowledged deleting its original tweet: An earlier version of this tweet was deleted because it carried a headline that had not been updated after the release of today's unemployment numbers. This tweet is correct. — The Published:6/5/2020 3:30:34 PM
[TC] TaxProper raises $2M to automate getting your property taxes lowered If you own your home, how much do you pay for property taxes? Too much? Sounds about right. If you disagree with how much you’re paying in property taxes, you can appeal the assessment. Most people don’t, though — perhaps because they are unaware they can, or because they just don’t have the time to […] Published:6/5/2020 3:30:34 PM
[Politics] Trump weighs in on Drew Brees, says he shouldn’t have apologized… Trump just weighed in on Drew Brees, saying he shouldn’t have issued an apology over his comments on the American flag and the national anthem: “I am a big fan of Drew . . . Published:6/5/2020 3:30:34 PM
[Markets] How the U.S. dollar’s ‘almost silent slide’ is juicing the stock-market rally Investors might not have noticed amid all the excitement, but a stealthy slide by the U.S. dollar should get some of the credit for the stock market’s stunning rally. Published:6/5/2020 3:30:34 PM
[Gun News] Florida Supreme Court Quashes Amendment That Would Outlaw ‘Assault Weapons’

By Jake Dima -

The Florida Supreme Court on Thursday struck down an amendment that would ban the ownership of assault weapons due to misleading wording. Ban Assault Weapons Now, which prohibited the “possession of assault weapons,” banned magazines holding more than 10 rounds and mandated registration for these guns, was set to appear ...

Florida Supreme Court Quashes Amendment That Would Outlaw ‘Assault Weapons’ is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:6/5/2020 3:30:34 PM
[Markets] In Rare Statement, Soros Denies Paying Protesters To Riot In Rare Statement, Soros Denies Paying Protesters To Riot Tyler Durden Fri, 06/05/2020 - 16:30

Following accusations that paid protesters are hijacking the George Floyd protests and inciting riots, George Soros' Open Society Foundation has issued a rare statement claiming that he - nor anyone else, is funding the chaos.

Introducing the statement, Spokesman Michael Vachon writes:

Facebook, Twitter, and other social media platforms are being used to spread the now familiar and thoroughly debunked conspiracy theory that George Soros and the Open Society Foundations are paying people to protest, in this case over the murder of George Floyd. We are appalled by this attempt to delegitimize the genuine outpouring of anger and concern from people in the U.S. and around the world.

Open Society's statement claims that "We abhor violence of any kind, and will not allow the destructive acts of a few to distract us from the crucial work of coming together and forging a better future for all of our neighbors."

Soros then claims that the Open Society Foundation nor "any other" are funding protests.

"Those protesting the death of Mr. Floyd and police brutality across the nation do so out of a deep and abiding concern for their country; they don't do so for pay from these foundations or any other, as some cynics claim. Such assertions are false, offensive, and do a disservice to the very bedrock of our democracy, as enshrined in the First Amendment."

Many began to question whether the protests have an organized, staged component after piles of mysterious bricks were discovered in major protest towns, and a video of what appears to be an organizer paying a protester emerged. 

Soros' statement comes days after a hoax flyer appeared in Washington State claiming that the Thurston County Democrats was seeking "a professional anarchist" with funding supplied by the Open Society Foundation.

While that was , this wouldn't be the first time leftists have conspired to disrupt otherwise peaceful events. In 2016, Clinton operative Robert Creamer - who visited the Obama white house nearly 350 times - 'stepped back' from his role as an organizer after a Project Veritas undercover video revealed a discussion on paying agitators to incite violence at Trump rallies in 2016.

"One of the things we do is we stage very authentic grassroots protests right in their faces at their own events. Like, we infiltrate," said Creamer's former minion, Scott Foval.

Soros has donated early $90 million to feminist groups which were behind January, 2017 protests of Donald Trump's inauguration.

Published:6/5/2020 3:30:34 PM
[Politics] Trump Orders Thousands of Troops Out of Germany President Donald Trump on Friday directed the Department of Defense to order thousands of American troops to return from Germany by the end of the summer, The Wall Street Journal reports. Published:6/5/2020 3:01:34 PM
[Volokh Conspiracy] [John Ross] Short Circuit: A Roundup of Recent Federal Court Decisions Common sense, various poems, and rogue, mooning journalists. Published:6/5/2020 3:01:34 PM
[worldNews] U.S. envoy to U.N. pushes back against criticism over protests U.S. Ambassador to the United Nations Kelly Craft on Friday pushed back against criticism from China and Iran over the protests across the United States about racial inequality and excessive police force, challenging them to compare records.
Published:6/5/2020 3:01:34 PM
[Entertainment] Rachel Lindsay Sounds Off on Drew Brees' Apology, Hannah Brown & More Rachel LindsayActions speak louder than words. On Friday, former Bachelorette Rachel Lindsay virtually stopped by Daily Pop and shared with E!'s Nina Parker her thoughts on Drew Brees' apology,...
Published:6/5/2020 3:01:34 PM
[Latest News] Students Press Universities To Cut Ties with Cops

The University of Minnesota Twin Cities (UMN) announced it will end contracts with the Minneapolis Police Department following the death of George Floyd, sparking nationwide calls for colleges to cut ties with local law enforcement. UMN president Joan Gabel announced in a letter the school would no longer contract with the Minneapolis Police Department to ...

The post Students Press Universities To Cut Ties with Cops appeared first on Washington Free Beacon.

Published:6/5/2020 3:01:34 PM
[Markets] Corporations step up commitments to minority communities SoftBank has created $100 million fund to invest in entrepreneurs of color. Head of Diversity, Equity and Inclusion at Airtable Albrey Brown joins Yahoo Finance’s Kristin Myers to discuss how companies can best go about addressing racial, economic inequality. Published:6/5/2020 3:01:34 PM
[Markets] US Consumer Credit Crashes As Americans Repay A Record Amount Of Credit Card Debt US Consumer Credit Crashes As Americans Repay A Record Amount Of Credit Card Debt Tyler Durden Fri, 06/05/2020 - 15:47

One of the striking changes to US consumer behavior spawned by the economic shutdowns from the coronavirus pandemic, was the unprecedented surge in personal savings which as we learned last week, exploded to a record 33% of disposable personal income...

... as the annualized amount of Personal Savings soared by a mindblowing $4 trillion in May, rising from $2.1 trillion to $6.1 trillion.

Now, thanks to the latest consumer credit data released by the Fed, we know what much of that saving went to: paying down debt.

According to the Fed's latest G.19 statement, in April total consumer credit plunged by a record $68.8 billion, smashing  expectations for a modest $20 billion drop sparked by last month's $6.8 billion (revised) drop, and more than 3x greater than the biggest consumer credit drawdown observed during the financial crisis.

Just like March, the bulk of the credit repayment took place in revolving credit although to a far greater degree as Americans repaid a record $58 billion on their credit card bills as US consumer society literally went into reverse and instead of spending wildly as it does every other month, usually spending what it can't afford, US consumers repaid the most on their credit cards ever.

However, in perhaps a more notable departure from March when total consumer credit also tumbled even as non-revolving credit rose, in April non-revolving credit - auto and student loans - also posted a sharp drop. In fact, the drop, while not the biggest on record, was the biggest since the financial crisis. It wasn't immediately clear if this particular drop was due to shrinkage in student or auto loans: the full detail will be published in two months time when the Fed reveals the quarterly change in those two series.

And that's how the US consumer died with a bang: because in a time of virtually no visibility on job prospects and how the pandemic is resolved, instead of doing what they do best, i.e. spend, Americans not only saved money but also went into credit paydown mode, crippling an economy where 70% of total output is a direct result of consumer spending; and needless to say, the tens of millions of Americans (depending on whether one believes the initial claims or the BLS jobs report) who have lost their jobs are not going to go out and spend like drunken sailors any time soon.

So how long until this shocking plunge in consumer spending reverses? The answer is that nobody knows, but until US consumers feel comfortable enough to once again "charge it", there can be no recovery.

What we find most surprising, however, is that in this day and age when the Fed has effectively institutionalized moral hazard and where failure is no longer punished as capitalism is now officially dead and zombie existence is rewarded, Americans still care enough about their credit rating to pay down their own debt even as corporations and the country go on a historic debt issuance spree which everyone knows will never be repaid.

Our advice to Americans with credit cards: go crazy, after all if everyone defaults it's the same as nobody defaulting.

Published:6/5/2020 3:01:34 PM
[topics:places/czech-republic] Czech Republic expels two Russian diplomats over 'made-up information' about attacks Published:6/5/2020 3:01:34 PM
[Markets] U.S. consumer credit plummets in April as credit-card use tumbles by record amount Consumer borrowing declined in April by the fastest rate since 1943 as credit card use saw a record decline, according to Federal Reserve data released Friday. Total consumer credit decreased at a 19.6% rate or $68.8 billion in April. Economists has been expecting a $14 billion fall, according to Econoday. Revolving credit, like credit cards, dropped a record 64.9% in April. Nonrevolving credit, typically auto and student loans, fell 4%. The data does not include mortgage loans. The savings rate hit a record high in April as spending dropped and Americans received stimulus checks from the government. Published:6/5/2020 3:01:34 PM
[Markets] Shift4 Payments stock surges after IPO in vote of confidence for economic recovery Investors voiced a big sign of enthusiasm Friday for a payments business highly levered to an economic rebound.
Published:6/5/2020 3:01:34 PM
[] Leftist "Experts" and Leftist "Science" Becoming Too Fucking Ridculous and Spiteful to Tolerate Did you know that The Science now says that coronavirus is not contagious in protests of 100 people, but is extremely contagious in non-protest outdoor gatherings of 12? You didn't? LOL, what a deporable Science-Hater you are. This is insane... Published:6/5/2020 3:01:34 PM
[] Attn. DNC! Shaun King has noticed which political party is 'running the cities with the worst police brutality in America' Published:6/5/2020 2:30:56 PM
[] NYT op-ed editor apologizes for Tom Cotton "Send in the Troops" piece online, says it won't run in print Published:6/5/2020 2:30:56 PM
[Economy] Economy Adds 2.5 Million Jobs as COVID-19 Recovery Begins

The U.S. economy added 2.5 million jobs in May and the unemployment rate fell from 14.7% to 13.3%, the Bureau of Labor Statistics reported Friday,... Read More

The post Economy Adds 2.5 Million Jobs as COVID-19 Recovery Begins appeared first on The Daily Signal.

Published:6/5/2020 2:30:56 PM
[Politics] How to be civically or politically active during a pandemic

Whether you're breaking quarantine to protest in the streets or looking for ways to participate safely from home, here's how to get started.

Published:6/5/2020 2:30:56 PM
[Politics] Biden proclaims that 10 to 15 percent of Americans “are just not very good people” In an interview discussion today Biden literally claimed today that 10 to 15 percent of Americans “are just not very good people”:   Here’s more: DAILY MAIL – Vice President Joe Biden . . . Published:6/5/2020 2:30:56 PM
[Politics] Biden proclaims that 10 to 15 percent of Americans “are just not very good people” In an interview discussion today Biden literally claimed today that 10 to 15 percent of Americans “are just not very good people”:   Here’s more: DAILY MAIL – Vice President Joe Biden . . . Published:6/5/2020 2:30:56 PM
[Entertainment] Washington, D.C. Mayor Muriel Bowser Changes Street Name to Black Lives Matter Plaza Black Lives Matter Street Sign, Mayor Muriel Bowser, Black Lives MatterWashington, D.C. Mayor Muriel Bowser announced that the city has renamed a street in honor of the Black Lives Matter movement. Taking to social media on Friday, she shared footage of an...
Published:6/5/2020 2:30:56 PM
[Politics] Rep. Louie Gohmert to Newsmax TV: Trump Will Win Texas If Voter Fraud Prevented Texas Rep. Louie Gohmert told Newsmax TV that President Donald Trump will win Texas as long as there is no voter fraud during the presidential election. Published:6/5/2020 2:30:56 PM
[Logistics] Uber could lose its Grubhub deal to Just Eat or Delivery Hero According to CNBC there are two suitors rivaling Uber for purchase of U.S. food delivery company Grubhub: Just Eat Takeaway (the union of Just Eat and Takeaway) and Delivery Hero. Both are European companies perhaps looking for a major entry to the United States market. Just Eat Takeaway is based in the U.K. and Holland, […] Published:6/5/2020 2:30:55 PM
[Markets] American Airlines stock set for a weekly gain of more than 75% after record run American Airlines stock set for a weekly gain of more than 75% after record run Published:6/5/2020 2:30:55 PM
[Markets] U.S. needs to 'double down' on COVID-19 testing efforts: Harvard Global Health Institute Doctor As Americans head back to work, medical professionals are worried about the possible rise in COVID-19 infections. Assistant Professor in the Department of Health Policy and Management at the Harvard Global Health Institute Dr. Tom Tsai joins Yahoo Finance's Kristin Myers to discuss. Published:6/5/2020 2:30:55 PM
[National Security] Iran Expands Footprint in Iraq With American-Sanctioned Electricity Deal

Iran deepened its foothold in Iraq on Thursday, signing an $800 million two-year deal to provide electricity services to the war-torn country.

The post Iran Expands Footprint in Iraq With American-Sanctioned Electricity Deal appeared first on Washington Free Beacon.

Published:6/5/2020 2:30:55 PM
[World] ‘No masks please, we’re British:’ When it comes to face coverings, Europeans, Americans and Asians have very different views One in five Britons said they believed masks are “not effective at all” in curtailing the spread of the coronavirus — four times the number of Americans, according to a study.
Published:6/5/2020 2:30:55 PM
[Markets] "I'm The World's Greatest Day Trader": Barstool's Dave Portnoy Epitomizes Retail's Takeover Of Rigged Markets "I'm The World's Greatest Day Trader": Barstool's Dave Portnoy Epitomizes Retail's Takeover Of Rigged Markets Tyler Durden Fri, 06/05/2020 - 15:29

"I’m being modest when I say I’m the world’s greatest day trader. My unlimited money has upgraded to infinity money," Barstool Sports founder Dave Portnoy tweeted out on Friday morning, after a surprise jobs number sent the market soaring. 

A living example of how Fed policy widens the wealth gap in real time, as markets surge higher, "Davey Day Trader" took to Twitter on Friday morning to post a video of himself bragging about his portfolio's performance.

"Between this and my private account, within two months, I'll probably be up close to 5 million," he says to start the video. "I don't have to work anymore, this could be my full time job: the best day trader you've ever seen!"

Portnoy has been livestreaming his daytrading since the sports world came screeching to a halt as a result of the coronavirus lockdowns. He's also been featured on CNBC Fast Money on more than one occasion to offer his take on the markets - which he admittedly only started getting his feet wet in recently. 

Portnoy is also a major investor in Penn National Gaming, which trades under "PENN". The stock is well off its mid single digit lows that it touched in March and has since traded back to all time highs. 

"PENN is over 40?" he exclaims. "I am making so much money I can't spend it fast enough! I am making too much money, too fast! My net worth is just exploding!"

"You know why PENN is over 40? Me! Because Wall Street is paying attention to the greatest day trader!" he proclaims. "Corona couldn't beat him, riots couldn't beat him, so get on the train!"

We wonder if Neel Kashkari and Jerome Powell similarly brag when markets skyrocket. 

"Do you know how much PENN stock I have? Infinity PENN stock. I got it at 26.2, it's at 40? Do the math! What's infinity stock when it goes up that much? It's infinity money. I have infinity money. I'm the infinity man."

Published:6/5/2020 2:30:55 PM
[] Attorney General Barr Provides Clarity on Handling of Riots Published:6/5/2020 2:01:40 PM
[] Andy Ngo sues Rose City Antifa for $900,000 Published:6/5/2020 2:01:40 PM
[Politics] Trump administration OKs aid to Central American countries praised for immigration help

State Department certifies Honduras, El Salvador and Guatemala for millions in U.S. aid, despite lack of progress on human rights and good governance.

Published:6/5/2020 2:01:40 PM
[Politics] Kinzinger: D.C. Mayor's Call to Evict Troops 'Ridiculous' Rep. Adam Kinzinger, a member of the Wisconsin Air National Guard, slammed Washington, D.C., Mayor Muriel Bowser for a reported push to evict National Guard troops deployed to the city over the George Floyd protests, calling her arguments "ridiculous." Published:6/5/2020 2:01:40 PM
[f1423353-49bb-530f-82d9-5f578b8ce72e] Rebecca Grant: Criticizing Trump OK for retired military leaders – but they can't be immune from criticism Three big-name retired senior military leaders made headlines Tuesday and Wednesday when they sharply criticized President Trump’s leadership. There is nothing wrong with that – but their distinguished military service shouldn’t make their anti-Trump arguments immune from debate. Published:6/5/2020 2:01:40 PM
[9826294b-ba44-504a-ae5b-bae19f28c664] Clint Eastwood, 90, grateful for his large 'close' family, says insider Clint Eastwood turned 90 last week and is feeling grateful as he enters into a new decade of his life.  Published:6/5/2020 2:01:40 PM
[World] Joe Biden, Due Process Hypocrite

The former veep is attacking the Trump administration's new standards on sexual assault allegations. Um...

The post Joe Biden, Due Process Hypocrite appeared first on The American Conservative.

Published:6/5/2020 2:01:40 PM
[Markets] Here’s another reason for the stock market rally — the U.S. dollar’s ‘almost silent slide’ Investors might not have noticed amid all the excitement, but a stealthy slide by the U.S. dollar should get some of the credit for the stock market’s stunning rally. Published:6/5/2020 2:01:40 PM
[Entertainment] Kanye West attends Chicago protest, donates $2M to victims Kanye West has donated $2 million to support the families and legal teams for George Floyd, Ahmaud Arbery and Breonna Taylor Published:6/5/2020 2:01:40 PM
[eCommerce] Portobel turns food producers into direct-to-consumer businesses A startup called Portobel is working to help food producers shift their businesses so that they can support direct-to-consumer deliveries. Portobel is backed by Heroic Ventures and led by Ranjith Kumaran, founder or co-founder of file-sharing company Hightail (acquired by OpenText) and loyalty startup PunchTab (acquired by Walmart Labs). Kumaran told me that he and his […] Published:6/5/2020 2:01:40 PM
[worldNews] U.S says door remains open for diplomacy with Iran The door remains open for a wider negotiation with Iran about its nuclear program and other issues but so far talks have been limited to prisoner releases, U.S. Special Representative for Iran Brian Hook said on Friday.
Published:6/5/2020 2:01:40 PM
[Markets] Victoria's Secret U.K. becomes the latest retailer to collapse into administration After struggling for years, the U.K. arm of the lingerie brand has been taken into administration
Published:6/5/2020 2:01:40 PM
[Uncategorized] Biden: ’10 to 15 Percent’ of Americans are ‘Not Very Good People,’ But ‘Vast Majority’ are Decent Context is key. Published:6/5/2020 2:01:40 PM
[Markets] The Price Of Half The World's Staple Food Is Up 70% In 2020 The Price Of Half The World's Staple Food Is Up 70% In 2020 Tyler Durden Fri, 06/05/2020 - 15:00

First the good news: after soaring to record highs one month ago due to widespread shutdowns of meat processing plants and supply chain impairments, wholesale beef prices have tumbled sharply and are just barely higher than where they were before the coronavirus pandemic struck.

Now the not so good news: as Bank of America's Michael Hartnett notes in his Flow Show today, while beef may be affordable again, rice - the staple food for half of world's population - is becoming increasingly unaffordable, "surging 70% since Jan on COVID-19 labor supply chain hit & stockpiling."

Should rice prices not revert to normal and soon, how long before the protests, riots and looting that are currently sweeping the US and various European countries spread across the entire world, this time over a far more tangible cause: hunger. As a reminder, it was the surge in food prices in late 2010 and early 2011 that precipitated the Arab Spring protests that toppled numerous political regimes and eventually culminated with the mass exodus of migrants from northern Africa and the middle east toward Europe.

 

Published:6/5/2020 2:01:40 PM
[World] The Tell: Wharton finance professor says an index of mom-and-pop businesses ‘would show devastation far worse than what we saw in the stock market’ Jeremy Siegel says the damage to small businesses aren’t showing up in financial markets.
Published:6/5/2020 2:01:40 PM
[] Real? Or Outlier? Rasmussn Poll Puts Likely Voter Job Approval for Trump at 48%, and Black Likely Voter Approval at 41% This is totally a blow-off post but there's a good reason: I'm trying to bring together several other posts will a lot of links and threads.... Published:6/5/2020 2:01:40 PM
[] Guess What Happens if You Search for 'Racist' People on Twitter... Published:6/5/2020 1:29:56 PM
[] Krugman: On second thought, maybe Trump didn't corrupt BLS and this jobs report is real Published:6/5/2020 1:29:56 PM
[Politics] Kudlow: Next Stimulus Bill Should Include 'Long-Term' Economic Measures The next coronavirus relief bill should include long-term measures to help the economy senior White House economic adviser Larry Kudlow told FOX Business. Published:6/5/2020 1:29:55 PM
[Markets] Apple stock is heading for a record close Apple stock is heading for a record close Published:6/5/2020 1:29:55 PM
[Entertainment] Alexis Ohanian Resigns From Reddit, Urges Board to Fill His Seat With a Black Candidate Alexis Ohanian, Serena WilliamsAlexis Ohanian has resigned from the Reddit board. The tech entrepreneur, who is the husband of Serena Williams, announced on Friday that he's taking a step back from the company he...
Published:6/5/2020 1:29:55 PM
[Politics & Ideas] The Backlash Is Building
This is not the rule of law.
View Post
Published:6/5/2020 1:29:55 PM
[Diversity] Alexis Ohanian steps down from Reddit board, asks for his seat to go to a black board member Alexis Ohanian, the founder and former CEO of Reddit, stepped down from his position on the company’s board Friday as the U.S. roils with nationwide protests against police brutality after Minneapolis police killed George Floyd, an unarmed black man. Ohanian is calling on the company he founded to fill his position with a black board […] Published:6/5/2020 1:29:55 PM
[worldNews] China warns against travel to Australia, citing discrimination China's Ministry of Culture and Tourism on Friday advised the public to avoid traveling to Australia, citing racial discrimination and violence against the Chinese in connection with the COVID-19 pandemic.
Published:6/5/2020 1:29:55 PM
[Markets] Boxed CEO on surge in online grocery as company sees sales increase 89% YOY since March Boxed CEO Chieh Huang joins Yahoo Finance’s Zack Guzman to discuss the company’s growth due to coronavirus shelter-at-home mandates. Published:6/5/2020 1:29:55 PM
[43c55df2-5954-515a-95df-4280a5569e7e] Kendall Jenner slammed by fans for past Pepsi protest commercial gone wrong: She's 'real silent right now' Kendall Jenner is being slammed on Twitter for keeping silent years following her 2017 Pepsi commercial that was accused of appropration. Published:6/5/2020 1:29:55 PM
[IJR] Trump Says ‘You Have to Dominate The Streets’ and Adds It’s a ‘Great Day’ for George Floyd Trump says it's a "great day." Published:6/5/2020 1:29:55 PM
[Markets] "Seeding Event" For Fresh COVID-19 Explosion: CDC Chief Urges Protesters To Get Tested "Seeding Event" For Fresh COVID-19 Explosion: CDC Chief Urges Protesters To Get Tested Tyler Durden Fri, 06/05/2020 - 14:30

The director of the Centers for Disease Control and Prevention has called mass protests in the wake of George Floyd's gruesome death at the hands of police a "seeding event" for the rapid spread of coronavirus

CDC chief Robert Redfield in testimony at a House appropriations subcommittee on Thursday said the sheer size and frequency of the past nine days of protests leaves cause for alarming concern. “I do think there is a potential, unfortunately, for this to be a seeding event,” he said according to The Washington Post.

CDC Director Robert Redfield, via AP

He repeated the call of some county and state health officials across the nation, who have warned protesters they need to get tested. 

Redfield testified in a direct appeal to people protesting in the streets:

“And the way to minimize it is to have each individual to recognize it’s to the advantage of them to protect their loved ones, to [say]: ‘Hey, I was out. I need to go get tested.’ You know, in three, five, seven days, go get tested. Make sure you’re not infected.”

He identified specifically events unfolding in Minnesota and Washington D.C. as potential super-spreader events. 

When pressed also on riot control measures such as tears gas as related to coronavirus, he said this can significantly add to the level of fluids and droplets people are collectively exposed to: “Definitely, coughing can spread respiratory viruses, including COVID-19,” he said.

Image via AP

“We have advocated strongly the ability to have face coverings and masks available to protesters so that they can at least have those coverings,” Redfield added in his testimony.

Last weekend after protests and riots gripped parts of downtown Atlanta, the city's mayor Keisha Lance Bottoms, also addressed this issue, warning demonstrators: “If you were out protesting last night, you probably need to go get a COVID test this week.” She added: “There is still a pandemic in America that’s killing black and brown people at higher numbers.”

Meanwhile...

And last week Minneapolis health commissioner warned protestors that the large-scale gatherings and crowd riot behavior will “very predictably accelerate the spread.”

Published:6/5/2020 1:29:55 PM
[World] Trump Signs Order Relaxing Many Environmental Regulations During Crisis Published:6/5/2020 12:59:40 PM
[] Gretchen "Lockdown" Whitmer gives up on social distancing, marches shoulder to shoulder in protests Published:6/5/2020 12:59:40 PM
[] 'Is this for real?' Gretchen Whitmer spox's denial governor violated own social distance EO is TOTALLY believable (until you look at pictures) Published:6/5/2020 12:59:40 PM
[Politics] NY Judge: Protesters Can Be Detained Longer Than 24 Hours A New York Supreme Court judge ruled that protesters can be held by the New York Police Department for more than 24 hours, The New York Times reports. The decision by Justice James Burke was in response to a lawsuit filed by the Legal Aid Society. The petition called for the... Published:6/5/2020 12:59:39 PM
[Entertainment] Pay attention to John Boyega’s real words, not the space adventure where he got short shrift The Star Wars star gave a stirring speech during a Wednesday protest in London. Published:6/5/2020 12:59:39 PM
[2019 News] Nancy Pelosi the perfect running mate for Joe Biden

Is Nancy Pelosi the perfect running mate for Joe Biden? Watch the video. It’s like watching Joe Biden podcasting from his basement. They are a match made in H… somewhere.

The post Nancy Pelosi the perfect running mate for Joe Biden appeared first on IHTM.

Published:6/5/2020 12:59:39 PM
[Entertainment] Ava DuVernay and David Oyelowo Accuse Academy Voters of Punishing Selma After 2014 Protest David OyelowoAmid the ongoing Black Lives Matter movement, David Oyelowo and Ava DuVernay have spoken out about what their film allegedly faced after the cast participated in the movement six years ago....
Published:6/5/2020 12:59:39 PM
[structure:news] Cate Blanchett suffers head injury in lockdown 'chainsaw accident' Published:6/5/2020 12:59:39 PM
[6b680405-14f4-5039-9710-0d869a3505fa] ‘Munsters’ star Butch Patrick reacts to Herman Munster’s speech going viral: ‘It’s timeless’ A speech made by Herman Munster (Fred Gwynne) has gone viral more than a half-century later thanks to its timely message. Published:6/5/2020 12:59:39 PM
[Markets] "Optimism Has Become Excessive" - Speculators Are The Most Levered Long In A Decade "Optimism Has Become Excessive" - Speculators Are The Most Levered Long In A Decade Tyler Durden Fri, 06/05/2020 - 13:44

While many have applauded the fact that VIX is back below 25, that remains an extremely elevated level historically speaking and has decoupled from the exploding price levels of the broad market...

Source: Bloomberg

This decoupling - relative demand for 'options' - is typically interpreted as a more risk averse perspective. However, instead of put demand (protecting soaring profits), the decoupling could signal call demand (levered long and all in) and that is exactly what we are seeing.

The Put-Call ratio has crashed to its lowest since

Source: Bloomberg

Which, while not an imminent indicator of peril, has not ended well in the past...

Source: Bloomberg

However, as Bloomberg reports, exuberance in American stocks is spurring speculators to unleash bullish bets in the options market at a rate unseen in almost a decade.

Volumes in levered bets on individual stocks going higher exploded this week to a massive 2.3 million calls trading yesterday - the most since 2011...

Source: Bloomberg

So it appears the Millennial masses have discovered that while making money in stocks is "easy", making more money from "levered" bets on stocks is awesome...

What could go wrong?

“We are seeing a lot of bullish options speculators, and I think the ‘message board flow’ is playing a part,” he said, referring to retail speculation typified on the Reddit forum r/wallstreetbets.

The demand for hedges is almost non-existent as traders chase the greatest stock surge in 90 years with levered money...

“A high level of equity call volume as we are seeing now becomes a warning sign to me that optimism may have become excessive,” said Mike Shell, founder of Shell Capital Management LLC.

This won't end well.

Published:6/5/2020 12:59:39 PM
[Markets] Number of U.K. COVID-19 deaths surpass 40,000—underscoring country’s status as one of the worst-hit The U.K. department of health said Friday that the number of deaths after positive coronavirus tests jumped to 40,261 as of June 4, confirming the country’s position as one of the worst-hit in the world by the pandemic.
Published:6/5/2020 12:59:39 PM
[Democrats] Hickenlooper Dragged to Ethics Hearing After Commission Holds Him in Contempt

Democratic Senate candidate and former Colorado governor John Hickenlooper appeared before an ethics hearing Friday after he was held in contempt of court Thursday for refusing to appear.

The post Hickenlooper Dragged to Ethics Hearing After Commission Holds Him in Contempt appeared first on Washington Free Beacon.

Published:6/5/2020 12:59:39 PM
[worldNews] Qatar's foreign minister says there is a new initiative to end Gulf crisis Qatar's foreign minister said on Friday there is a new initiative to end the three-year-old Gulf crisis and that Qatar is open to negotiations, Qatar's Al Jazeera broadcaster reported on its twitter account.
Published:6/5/2020 12:59:39 PM
[Middle Column] Flashback: Fmr. UN climate head predicted COVID lockdowns?!: ‘The only way a 2015 agreement can achieve a 2-degree goal is to shut down the whole global economy’

Image

“The only way that a 2015 agreement can achieve a 2-degree goal is to shut down the whole global economy," Yvo de Boer, former UNFCCC (United Nations Framework Convention on Climate Change) executive secretary said in 2013. 

Yvo de Boer's words sound prophetic when compared to the comments of climate campaigners in 2020 excited about the impact of the COVID lockdowns.

Climate activist Eric Holthaus said on April 22, 2020, about the impact of lockdowns on global CO2 emissions: “This is roughly the same pace that the IPCC says we need to sustain every year until 2030 to be on pace to limit global warming to 1.5C and hit the Paris climate goals. This is what ‘rapid, far-reaching and unprecedented changes in all aspects of society’ looks like.”

 

Published:6/5/2020 12:59:39 PM
[Markets] Apple stock heads for new record close Apple Inc. shares are up 2.6% in Friday afternoon trading and on track to record a new all-time closing high if the gains hold through the end of the session. The stock needs to close above $327.20 to reach that milestone. The stock is on pace for its first record close since Feb. 12. "With roughly 350 million of...iPhones in the pent up 'window of an upgrade opportunity' we believe [Apple] has a unique opportunity to capture this delayed super cycle opportunity with a major 5G cycle on the horizon which will include a host of new smartphone versions/models for iPhone 12," Wedbush analyst Daniel Ives wrote in a note to clients late Thursday. He said Apple's stock represents his "best 5G play into the next year." Apple shares have added 11% over the past month as the Dow Jones Industrial Average has gained 14%. Published:6/5/2020 12:59:39 PM
[International] US vs. China: 5 Smart Ways to Keep Pushing Back

Foreign policy doesn’t stop for turmoil here at home. The U.S. can’t afford attention deficit disorder overseas. That is doubly true for meeting the challenge of China, the... Read More

The post US vs. China: 5 Smart Ways to Keep Pushing Back appeared first on The Daily Signal.

Published:6/5/2020 12:59:39 PM
Top Searches:
books
FBI
books1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45
-1'
obama
dow
NASA
obamacare
dow1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45,8
books1111111111111 UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45,

Jobs from Indeed

comments powered by Disqus