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[] The Morning Briefing: The Trump-Biden Heavyweight Fight Round 1 Is Finally Here Published:9/29/2020 5:21:12 AM
[d5d0ea67-a0d6-5a42-93e6-cb71806d5cb3] Sen. Ron Johnson: Biden family's corrupt ties to foreign oligarchs, officials met with mainstream media yawns After we released our report on the sordid involvement of Joe Biden’s family with corrupt foreign oligarchs and officials some media outlets reacted with exaggerated yawns. Published:9/29/2020 5:21:11 AM
[Politics] Poll shows Californians give Newsom high marks on COVID-19, low marks on addressing homelessness

A new poll by the Berkeley Institute of Governmental Studies shows California Gov. Gavin Newsom is currently enjoying an extremely strong political standing — even after he was forced to manage a litany of crises during his first two years in office including historic wildfires, rolling blackouts, the COVID-19 pandemic and a whipsawed state economy.

Published:9/29/2020 5:21:11 AM
[Markets] What's Worth Streaming: Here’s what’s coming to Amazon Prime Video in October 2020 Blumhouse launches four unsettling movies, while Simon Pegg and Nick Frost reunite for spooky laughs with ‘Truth Seekers.’
Published:9/29/2020 5:21:11 AM
[Parody] PREVIEW: Everything You Need to Know About the First Trump-Biden Presidential Debate

Scroll down to learn everything you need to know about the first presidential debate between Donald Trump and Joe Biden.

The post PREVIEW: Everything You Need to Know About the First Trump-Biden Presidential Debate appeared first on Washington Free Beacon.

Published:9/29/2020 4:51:03 AM
[TC] Huboo, the ‘full stack’ fulfilment provider, picks up £14M Series A Huboo, the U.K.-headquartered startup that offers an end-to-end fulfilment service for online retailers of all sizes, has raised £14 million in Series A funding. The round is led by Stride.VC, with participation from Hearst Ventures. Existing investors, including Episode 1, Maersk Growth, Ada Ventures, and True Capital all followed on, bringing Huboo’s funding to £18 […] Published:9/29/2020 4:20:58 AM
[Markets] "We Are Not Amused!" Queen Of England Hurt By Commercial Real-Estate Collapse "We Are Not Amused!" Queen Of England Hurt By Commercial Real-Estate Collapse Tyler Durden Tue, 09/29/2020 - 05:00

Authored by Nick Corbishley via Wolf Street,

Crown Estates, which manages the Queen of England’s portfolio, recently wrote down the value of 17 shopping and leisure centers by 17%, cutting Her Majesty’s net worth by £552 million. As The Economist points out, this is “fairly small beer” set against the £13.4 billion valuation of the Queen’s property portfolio, which includes some of London’s toniest real estate.

But the Queen will not be left out of pocket, since her income — set at 25% of the profits generated by the Crown Estate — will be topped up with a taxpayer bailout. In fact, thanks to the Sovereign Grant Act of 2011, the overall amount given to the Queen each year in order to fund her official duties is never allowed to fall, regardless of what is happening in the broader economy.

“In the event of a reduction in the Crown Estate’s profits, the sovereign grant is set at the same level as the previous year,” a spokesperson told The Independent.

“The revenue from the Crown Estate helps pay for our vital public services – over the last 10 years it has returned a total of £2.8 billion to the Exchequer.”

Any profits made by the Crown Estate are passed to the Treasury which, in turn, hands 25% of the profits back to the Queen through the sovereign grant. This year, things will be a little different. To cover the fall in value of the Crown’s Estate, the estate has struck an agreement with the Treasury that allows it to begin making “staggered” revenue payments to the government, thus keeping a larger share of the profits to itself.

It’s a nice deal if you can get it. Most other UK commercial landlords can’t, though many larger property owners have certainly been lobbying the government for support, which for the moment is not forthcoming.

Meanwhile, conditions in both the retail and office markets continue to deteriorate. The U.K.’s ongoing retail crisis and work-from-home (WFH) revolution have between them wiped out roughly half of the market cap of large REITs such as Land Securities Group Plc, British Land Company, and Shaftesbury so far this year.

Last week, the government extended its ban on evictions of commercial property tenants from September 30 to December 31, which angered some landlords who have seen the yields on their investments slide as businesses struggle to pay rent. First passed on March 26, the moratorium on evictions was an essential lifeline for many retail businesses or offices whose incomes had dropped dramatically during the lockdown.

But it also shifted financial stress from tenants to property owners and their lenders. And the longer it drags on — it has now been extended twice in six months — the more the stress grows.

U.K. commercial property firms have so far collected just 68% of the rent they were due in June, according to data issued on Wednesday by Re-Leased, after having collected only 18.2% on the due date. Unsurprisingly, retail landlords have been hit the hardest, having so far received just 60% of rents due for the June quarter, compared to 75% and 76% respectively for the industrial and office sectors.

Despite the recent frenetic efforts of the British government to undo the WFH revolution it set in motion, the UK has significantly lagged behind mainland Europe in getting workers back behind their desks. This week, the government reversed policy once again, as covid cases began surging, urging all “office workers who can work effectively from home” to do so “over the winter,” .

This is going to have a dire impact not only on the owners of office buildings but also on the shops, restaurants, bars, cafes and other struggling city-center retail and leisure businesses that depend on the custom of office workers. Many leisure and hospitality businesses are already reeling from the government’s imposition this week of a 10 o’clock curfew for bars and restaurants. The owners of these properties are also feeling the pinch.

Shaftesbury, a real estate investment trust (REIT) that mainly rents to independent retailers in London’s West End, reported on Friday that for the six months to September so far, it had collected just 41% of rent due. Ten percent of rents are expected to be subject to deferred collection arrangements; 23% are being waived and 26% remain outstanding. By the end of August, its vacancy rate had risen to 9.7% of estimated rental value, compared to 4.8% at the end of March.

As retail vacancy rates have risen, the balance of power has gradually shifted, from landlord to tenant. Even if evictions were allowed, in this crisis it will be very tough for landlords to find a replacement for an evicted tenant — which makes landlords somewhat more flexible in dealing with their tenants.

And many tenants aren’t paying their rents, either because they can’t or are choosing not to, in the hope of renegotiating the terms of their lease contract. Shaftesbury is letting tenants defer quarterly rent for a third consecutive quarter, while British Land, part-owner of the sprawling Broadgate office and retail complex in the City of London, is considering extending support to its smaller hospitality and shop tenants for the next quarter, reports Bloomberg.

It’s the main reason why fashion retailer New Look was able to secure such attractive terms from its landlords — including Landsec and British Land — in its latest voluntary insolvency procedure. By placing its store leases at the heart of its negotiations, the firm was able to ensure that 402 of its 470 stores would move to a turnover-linked model, whereby rent will be charged at between 2% and 12% of revenues. For the remaining 68 stores the firm will not have to pay rent for the next three years.

The property owners may not have liked the terms, but given New Look’s size and the huge holes its demise would have left in an already decimated brick-and-mortar retail landscape, they had little choice but to grudgingly accept them. By setting a precedent for turnover-based rents, it’s only a matter of time before other large stores begin asking for the same treatment. 

*  *  *

Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate. I appreciate it immensely. 

Published:9/29/2020 4:20:58 AM
[60f88109-72c3-585e-ab62-a10c77d5acaf] 'L.A.'s Finest' producers Gabrielle Union, Jessica Alba on hiring a diverse production staff: 'It wasn't hard' The show is a spin-off of the "Bad Boys" franchise, following Union's Syd in her adventures as a cop after her move to Los Angeles. Published:9/29/2020 4:20:58 AM
[Markets] Europe Markets: European stocks and Dow futures slip on virus concerns and political uncertainty European stocks slipped on Tuesday, amid political uncertainty and concerns about the economic impact of a second coronavirus wave.
Published:9/29/2020 4:20:58 AM
[Markets] How A Bunch Of French Math Nerds Built SocGen's Now-Crumbling 'Structured Products' Empire How A Bunch Of French Math Nerds Built SocGen's Now-Crumbling 'Structured Products' Empire Tyler Durden Tue, 09/29/2020 - 04:15

It has been years since European banks' dominated traditional investment-banking business lines like trading and M&A. But things weren't always this way. Before the financial crisis, and before regulators around the world started scrutinizing banks' derivatives businesses to try and curb risk.

But while Deutsche Bank has become the poster-child for post-GFC decline - as its ambitions to become a global rival to JP Morgan crumbled to dust - Societe Generale, the French banking giant that reaped massive profits during the late 1990s and 2000s via its pioneering 'structured products' business, is also presiding over the twilight of a business line that was once the bank's profit center, but has been blamed for massive losses during the coronavirus downturn this spring.

Oudea

As the FT reminds us, the French bank fell to a shocking loss of €326 millions ($380 million) in the first quarter after revenue in its equity trading unit (long hailed as a key strength) collapsed almost 99% to just €9 million ($10.5 million) after the bank saw "the worst environment you can imagine" for its structured products business, CEO Frédéric Oudéa explained.

Another major loss was reported in August, after Q2 earnings were reported.

A loss that was attributed almost entirely to the group's

With shareholders revolting, Oudéa promised to cut back on the bank's structured products business, foregoing €250 million in revenue while targeting "cost savings" of €450 million ($523 million). The cuts are the biggest threat to a business line that set SocGen apart from its European peers, and helped establish the bank as a powerhouse in equity derivatives thanks to its 'structured products' business. These products, purchased by retail and institutional investors, charge relatively high fees, but purport to lock in moderate profits while smoothing out volatility.

30 years ago, however, the business was just the twinkle in the eye of a legendary French banker named Antoine Paille. 30 years ago, Paille was a 31-year-old software engineer with a big dream. He and a small team of engineers from a venerable French academy were bequeathed a basement office in downtown Paris, where they birthed the bank's structured products business. Here's the FT with more.

Thirty years ago, a group of maths and engineering graduates from Paris’s elite grandes écoles changed the direction of one of France’s oldest and most important banks.

Under Antoine Paille, a 31-year-old software engineer, the small team was given a basement office a few streets from the Palais Garnier opera house in Paris with instructions to build a new business for Société Générale, the lender founded in the 19th century.

Mr Paille believed that SocGen’s dive into options and equity derivatives, which would eventually be packaged up for professional and retail investors into so-called structured products, could provide the bank with an advantage over its larger global competitors. He proved to be right.

French banks, including SocGen, Natixis and BNP Paribas, eventually all became global leaders in these types of products, which encapsulated derivatives which promised to minimize volatility while maximizing the upside for clients. But in a world of low interest rates, and increasingly strenuous global competition, bankers were forced to make the products increasingly complex - and increasingly risky - just to keep up with the competition. "Correlation" offerings and "autocalls" soon dominated the landscape.

But the original products have changed, becoming increasingly complicated structures that tried to maintain returns in a world of low interest rates and copycat products. “Normally when we created a product, we’d have it to ourselves for about a year and a half, then others would start to copy it,” said one former member of the structured products team. Simple “plain vanilla” guaranteed return products morphed into correlation offerings based on baskets of stocks, and on to autocalls, which pay out a coupon similar to a bond as long as losses or gains are within a certain threshold.

One banker reminisced to the FT about SocGen's first slam-dunk structured product, called "Everest", which the banker described as "beautiful".

“Everest was beautiful,” another banker reminisced, remembering a correlation product that was sold to retail investors and named by Christophe Mianné, one of the leading lights in equity derivatives in the 1980s, after he saw a film about the mountain projected near SocGen’s Paris headquarters in La Défense.

Here's how it worked...

Everest had a duration of 10 years and guaranteed that clients’ capital would be returned. Additional returns were based on the performance of 10 or more stocks, with redemption based on the performance of the weakest member of that chosen basket.

...and - more importantly - here is the pitch:

"We told investors that if you invest 100 then after ten years we would give you 200, minus the performance of the worst stock you chose," said someone who used to sell the products. If the worst performing stock went to zero, then clients received only their capital back and if all the stocks performed well they got the upside. The risk that all the stocks would move in the same direction at the same time was the bank’s to wear.

Among the original group of bankers brought in to package and sell these products was Jean Pierre Mustier, who eventually rose to lead SocGen's investment bank, before being unceremoniously fired after the financial crisis, when regulators came down hard on SocGen's structured products business (he's now the CEO of UniCredit). Mustier's rise was almost as meteoric as the structured products business.

A steady stream of talented maths graduates churned out by French universities, along with a plan to build centralised teams and sell the products at scale, allowed SocGen to steal a march on rivals. Insiders say a “start-up culture” allowed them to beat US banks which were selling bespoke products to institutional clients. One ex-SocGen banker said the US banks were not as interested in structured products because they were making enough money elsewhere. By the early 2000s, SocGen’s equity derivatives unit employed close to 2,000 people and had grown into the bank’s profits engine, accounting for 95 per cent of its investment bank earnings.

Despite the business's tremendous success, the regulatory backlash was swift, and the bank was forced to retreat from riskier practices that were also - as it turns out - extremely lucrative.

Though the bank continued to invest in its structured products business, Mustier was eventually forced out of the investment bank as Oudéa ascended to the CEO role. This precipitated a shift away from investment-banking and market making as the bank's central focus, and led to a steep decline in the structured products business.

SocGen is not giving up on structured products, despite the hit from Covid-19 forcing it to pull back. Instead it is trying to walk a tightrope between reducing risk and remaining true to its core identity. It will do that, said Jean-François Grégoire, head of global markets at the bank, by trying to push new ranges of products that reduce the potentially large losses the bank faces in market turmoil, leaning once again on its ability to engineer. “The innovation that we’ve been pushing [this time] is completely different. It’s innovation that goes towards creating products that are easier to manage for us and that are still very profitable for the customers,” Mr Grégoire said.

Of course, any product that can't withstand intense market "ructions" - the FT's favorite word to describe the chaotic limit-up/limit-down swings seen in March - is bound to run into problems in a market universe where payment for order flow, algorithmic trading and uneven liquidity exacerbates volatility, creating new challenges for risk managers across Wall Street.

So far, the market reaction has placed SocGen behind the curve for 2020, as its shares lag French banks.

Published:9/29/2020 3:20:25 AM
[structure:news] Travel news latest: Four countries including Italy and Greece face quarantine restrictions Published:9/29/2020 3:20:25 AM
[DIS] Disney's Strong Brand Drives Its Flywheel Published:9/29/2020 2:50:18 AM
[Markets] What's The Conflict Between Greece And Turkey All About? What's The Conflict Between Greece And Turkey All About? Tyler Durden Tue, 09/29/2020 - 03:30

Authored by Brandon Turbeville via The Organic Prepper blog,

The majority of people tend to think of the concept of history as if it is something relegated only to the past. As if they are not living through what will become history in the future. Doing so allows them to maintain a thought process that convinces them that world wars and European wars, in general, are over. 

After all, Europe learned its lesson in the Big One – and the Big One after that.  Of course, with any such incident, there’s history, and there’s what actually happened.

If things between Greece and Turkey don’t cool down, a European/Mediterranean war will ensue.

Such a war would not be merely European but Euro-Asian and, at its furthest reach, global.

With Recep Tayyip Erdogan’s neo-Ottoman desires at the forefront, Turkey is expanding its national borders, with what Erdogan seems to believe will resurrect the Ottoman Empire. From Iraq to Syria and Libya, Turkey has attempted to either gain territory or forcefully make a seat at the international table through military action. Now, however, Turkey is threatening Greece as well and, as a result, Europe.

Turkey’s actions may well result in a global confrontation if cooler heads do not prevail. Political motives and deep state intrigue are not allowed to repeat themselves as they did in the first World War. Anyone who offers a so-called “perfect solution” is often using difficult times to take more control.

A brief history of the current conflict

Greek and Turkish relations have, for the most part, always been tense. Some brief historical context helps to understand the historical antipathy held toward one another by Greece and Turkey, at least at the national level.

As Victor Davis Hanson wrote for FOX News in his article “Turkey vs. Greece – here’s why this centuries-old rivalry matters now,”

Turkey is a Muslim country and was once the Ottoman Empire that ruled much of the Islamic world. Greece is still surrounded by Muslim countries.

Turks are quick to remind everyone that from the late 15th Century to the early 19th Century, most of Greece and the Aegean Islands belonged to the Ottoman Empire.

In modern times, after the bitterness over the Cyprus crisis of 1974 and years of socialist governments, Greece was vehemently anti-American despite shared Western traditions.

In contrast, Turkey once prided itself on its secular customs institutionalized by its first modern, pro-Western president, Mustafa Kemal Atatürk. His successors until recently were pro-American autocrats.

Now, geostrategic relations have flipped. Both nations remain NATO members, but Greece, not Turkey, is also a member of the European Union. Turkish northern Cyprus is largely considered a rogue territory, while democratic Greek Cyprus is an EU member.

Moreover, Turkey, under President Recep Tayyip Erdogan has become an increasingly Islamic state, often hostile to the U.S. It likes to leverage its NATO membership to advance its new Middle East agendas.

It is Turkey, not Greece, that has been acting provocatively on the world stage. It recently refashioned the iconic Hagia Sophia cathedral, built by the Byzantine emperor Justinian in the sixth century-long one of the most iconic churches of the Christian world – from a museum into a mosque.

The tensions between Greece and Turkey are primarily over energy and territorial rights

However, those tensions carry with them quite a bit of baggage. This baggage is not only historical but also relatively recent. That is what makes the issue so dangerous.

Turkey and Greece both have overlapping claims to areas in the Eastern Mediterranean that are rich with gas. Greece argues that each of its thousands of islands is entitled to its own continental shelf and their own exclusive Greek drilling rights.

But Turkey disagrees

Turkey argues that Greece’s claims are an unrealistic interpretation of international law and encroach upon Turkey’s exclusive economic zone.

This disagreement came to a head when Turkey began seismic tests in the Mediterranean Sea in areas Greece claims as it’s territorial waters. Greece was angered and dispatched its armed forces to the area, but Turkey still went ahead with the tests.

On August 14, Greek and Turkish warships were involved in a “minor collision” due to the standoff that Greece described as an accident, but Turkey predictably labeled a “provocation.”

Both sides continue to warn that they are not afraid of outright war

The EU supports Greece and has gone so far as to sanction Turkey for the seismic surveys off the Northern Cypriot coast, warning Turkey against any further provocations. There are also several other factors contributing to the Greek/Turkish friction. First, there is the question of the massive number of immigrants Turkey has held and used as a battering ram and bargaining chip with the rest of Europe.

In previous articles, I wrote at the height of the migrant push into Europe how Turkey was directing migrants’ flow and intentionally selecting specific types of migrants (those of a more fundamentalist variety) to send abroad. Greece was, of course, one of the heaviest hit when Erdogan “opened the gates.”

In July of this year, Turkey announced the re-conversion of Istanbul’s Hagia Sophia into a mosque. This re-conversion enraged a sizeable amount of the Greek population. Religious tensions and a centuries-old debate reignited.

Despite Turkey’s clear aggression in the Mediterranean, Joseph Hincks of TIME writes,

Turkey’s muscular approach to the contested waters enjoys bipartisan support. Turkey’s main opposition Republican People’s Party (CHP), voiced support for the Mediterranean drilling program. Securing lucrative energy resources in a region where Turkey finds itself increasingly isolated also enjoys popular social backing, experts say. “Erdogan’s adventure in the Eastern Mediterranean probably has more support than any of his other regional adventures,” says Emile Hokayem, a Middle East security expert at the International Institute for Strategic Studies.

The other players

The friction between Greece and Turkey affects many more countries than just the leading two players. For instance, the European Union as a whole is at risk of being drawn into a confrontation not only between an EU member and a powerful Asian nation but between two members of NATO.

While that might sound like bad news for Turkey, this puts the EU itself at risk of confrontation between member states in a coalition centered around whose interests lie with Turkey, Greece, or some other effected third-party nation.

You don’t need to look far to see how this could happen either

French President Emmanuel Macron has publicly stated that France will play a larger role in international affairs. Most likely due to his incredibly weakened and failing status at home (another article, another time).

Now, France is becoming involved in the Greek-Turkey row, publicly criticizing Turkey, demanding that it remove its ships and even placing French fighter jets in Cyprus as a deterrent. France indicates that it will sell several French jets to Greece, all moves that anger Turkey.

Even Jacques Attali is getting in on the action. “We have to hear what Turkey says,” he writes, “take it very seriously and be prepared to act by all means. If our predecessors had taken the Führer’s speeches seriously from 1933 to 1936, they could have prevented this monster from the accumulating the means to do what he did.”

But the EU is not necessarily unified in its view of the conflict

Germany has tried to sound neutral but has long ties with Turkey if for no other reason than the massive number of Turkish immigrants in Germany and the large Turkish community. Germany is now attempting to act as a mediator between the two parties by offering Turkey an “enhanced customs union” with the EU. Spain and Italy seem to be following Germany’s lead in that direction also.

Patrick Wintour has written an interesting for The Guardian about this standoff entitled, “How A Rush For Mediterranean Gas Threatens To Push Greece And Turkey Into A War,” where he says the following:

An increasingly fractious standoff over access to gas reserves has transformed a dispute between Turkey and Greece that was once primarily over Cyprus into one that now ensnares Libya, Israel, Egypt and the United Arab Emirates, and feeds into other political issues in the Mediterranean and has raised fears of a naval conflict between the two Nato allies in the Aegean Sea.

The crisis has been deepening in recent months with the French president, Emmanuel Macron, leading those inside the EU opposing Turkey’s increasingly military foreign policy and saying Turkey can no longer be seen as partner in the Mediterranean. He has offered French military support to the Greek prime minister, Kyriakos Mitsotakis, including the possible sale of 18 Rafale jets.

The issue was on the agenda of a meeting of the Med7 group of southern Mediterranean leaders on the French island of Corsica on Thursday and again at an EU council meeting on September 23 that will discuss imposing severe sanctions on the already struggling Turkish banking sector over its demand for access to large swaths of the eastern Mediterranean.

Germany, the lead mediator between Turkey and Greece, is exploring an enhanced customs union between Turkey and the EU to calm the dispute, which has been exacerbated by vast hydrocarbon discoveries over the past decade in the eastern Mediterranean.

Turkey has long sought a broader customs union with the EU, and although Greece might see any such offer as a reward for bullying, Germany believes both carrots and sticks are needed to persuade Turkey to change its strategy.

But Germany is also warning Turkey’s president, Recep Tayyip Erdogan, that his current unilateral strategy is a commercial dead end, since no private gas company is going to touch cooperation with Turkey if it is trying to exploit illegal claims on gas reserves.

Macron has already increased the French naval presence in the sea and called for the withdrawal of the Turkish reconnaissance ship Oruç Reis, accompanied by Turkish naval ships. The ship is undertaking seismic surveys in Greek waters south of Cyprus.

The fear that the conflict could spiral out of control has led to an urgent search for a neutral arbitrator and an agreed agenda for talks. An effort by Nato to start technical naval deconfliction talks was delayed after Greece objected to Nato’s involvement. The Greek foreign minister, Nikos Dendias, insisted that the talks would start only when the threats stopped. He then flew to New York to enlist the help of the UN secretary-general, António Guterres.

There are more players for no other reason than energy exploration.

The size of the reserves for which Turkey is attempting to lay claim inspired Israel, Egypt, Greece, Cyprus, Italy, Jordan, and Palestine form an East Med Gas forum to develop a plan to extract and export gas from the same region.

France wants to join that forum, and the UAE is a supporter as well. This forum has effectively created an anti-Turkish coalition (though Italy’s position is less clear) regarding this conflict.

There is even more to the story, particularly regarding the Libyan question.

Initially, many thought that the Turkish intervention in the Libyan civil war (following America and NATO’s tragic war there) was merely Erdogan acting out. Erdogan had other ideas, most notably a maritime treaty that he was rewarded with for his support by the UN-backed Government of National Accord (GNA).

Of course, Turkey supports the GNA and has become involved military and by proxy in support of that government while Russia, UAE, Egypt, and France are supporting Khalifa Haftars’ Libyan National Army (LNA).

Pro-LNA members have some concerns.

Turkey’s newfound maritime treaty with the GNA gives Turkey drilling rights and essentially ignores Crete’s existence, contradicting all previously understood Greek and Cypriot drilling rights.

Thus, Egypt and Greece have now signed a maritime agreement that Turkey has labeled null and void. Egypt’s al-Sisi has even gone so far as to threaten to intervene militarily against Turkey in Libya, now putting those two countries in a place where the possibility of a direct military confrontation is a very real one, not to mention a conflict between each of their allies.

The UAE has already sent a number of US-manufactured jets to Libya and has taken part in military drills with Greece off Crete’s island.

And Russia’s role?

Joseph Hincks writes,

Russia has yet to make a public statement on the Greece–Turkey tensions but it is deeply entrenched in both the Eastern Mediterranean and the Black Sea, where Erdogan recently announced Turkey’s biggest ever gas find. The U.S. Navy’s top admiral in Europe warned last year that Moscow is in the process of turning the eastern Mediterranean into one of the world’s most militarized zones, in part as a result of building up a naval hub at the Syrian port of Tartus. Greek media reported this week that the Russian Navy has gathered nine military vessels between Cyprus and Syria, including three submarines.

If any of this sounds familiar, it should.

If any of this sounds familiar, it should. Just before World War 1, a tangled mess of alliances had been created by a perfect mix of cunning by some nations and a dose of folly by others to result in one of the greatest tragedies of the 20th Century.[1]

World War 1 led to the Russian Revolution’s tragedies, the rise of Adolph Hitler, and World War 2, where the order was re-invented yet again. Now, that order is being challenged but not in a way that will result in greater freedom and prosperity for the world’s people. Indeed, it will result in quite the opposite.

There is no way to predict whether or not the Greek-Turkish row will become a military clash or even a war, much less a global one. But the puzzle pieces are there and slowly being put together just as they were over a hundred years ago.

The odds are that it won’t happen. But then again, the odds were that it wouldn’t happen the first time.

Published:9/29/2020 2:50:18 AM
[Fundings & Exits] Travel activities platform KKDay raises $75 million Series C as it focuses on “staycations” With lockdowns around the world, the COVID-19 pandemic has hit the travel industry especially hard. In Asia, however, several startups are adapting by focusing on domestic activities (or “staycations”) instead of international travel. They include Taipei-based KKday, which announced today that it has closed a $75 million Series C led by Cool Japan Fund and […] Published:9/29/2020 2:50:18 AM
[topics:organisations/world-health-organisation] UK Covid-19 cases and deaths: how the UK is coping with a second wave Published:9/29/2020 2:50:18 AM
[Podcasts] Why House Republicans, and Maybe Some Democrats, Want to Remove Speaker Nancy Pelosi

Conservatives who make up the House Freedom Caucus last week forced a meeting of the House’s entire Republican conference to discuss a motion “to vacate... Read More

The post Why House Republicans, and Maybe Some Democrats, Want to Remove Speaker Nancy Pelosi appeared first on The Daily Signal.

Published:9/29/2020 2:20:08 AM
[Markets] The Moneyist: ‘He paid for all our first-class travel’: My boyfriend, 76, said he’d take care of me. I gave up everything — then he dumped me. Am I entitled to anything? ‘He said that I could stay in his home for as long as I wanted, and he would advise his executor of this arrangement.’
Published:9/29/2020 2:20:08 AM
[Markets] Madrid Erupts As Citizens Clash With Police During Anti-Lockdown Riots Madrid Erupts As Citizens Clash With Police During Anti-Lockdown Riots Tyler Durden Tue, 09/29/2020 - 02:45

London wasn't the only European city where frustrated denizens took to the streets in anger to protest another round of COVID-19-inspired lockdowns. Madrid saw anti-lockdown protests blossom into full-on riots - as they were described in the Spanish press - as clashes between citizens and police grew increasingly violent.

Last week, the city council imposed new restrictions on more than 1 million inhabitants of Madrid, as they expanded the number of COVID-19 hot spots to 45. Localized restrictions on movement were similar to those imposed during the lockdown in the spring, though not as harsh.

Over the weekend, thousands of Spaniards streamed into the streets of Madrid. Dozens of residents were involved in violent clashes with the police.

Demonstrating that American cops don't have a monopoly on police brutality, one Spanish cop was filmed headbutting a detained man.

Protests weren't confined to Madrid. They were widespread over the weekend across areas such as Usera, Puente de Vallecas, Villa de Vallecas, Villaverde, Ciudad Lineal, Vicálvaro, San Blas and Carabanchel.

Over one million people are subject to the new localized lockdown restrictions and may only leave their homes for work, medical or educational purposes and only if they carry supporting documents. Poorer and migrant workers who rely on public transit to get to jobs in the construction industry say these measures discriminate against them.

Local businesses must operate at 50% capacity and must close before 10pm. Gatherings are limited to no more than six people. The new measures will be reviewed every 2 weeks.

Madrid is presently one of the worst-hit cities in all of Europe, with an infection rate of roughly 1,000 cases per 100,000 residents.

Published:9/29/2020 1:52:21 AM
[structure:news] Tuesday morning news briefing: Winter flu vaccine shortage Published:9/29/2020 1:52:21 AM
[Markets] "The World Has Gone Absolutely Insane!" "The World Has Gone Absolutely Insane!" Tyler Durden Tue, 09/29/2020 - 02:00

Authored by The Saker via The Vineyard of The Saker blog,

We all know that we are living in crazy, and dangerous, times, yet I can’t help being awed at what the imperial propaganda machine (aka the legacy ziomedia) is trying to make us all swallow. The list of truly batshit crazy stuff we are being told to believe is now very long, and today I just want to pick on a few of my “favorites” (so to speak).

First, of course, comes the “Novichok Reloaded” scandal around the alleged poisoning of the so-called “dissident” Alexei Navalnyi. I already mentioned this absolutely ridiculous story once, so I won’t repeat it all here. I just want to mention a few very basic facts:

  • Navalnyi is pretty much a discredited non-entity in Russia. “Putin” (because this is how the imperial propaganda machine always personalizes the evils of Russia: “Putin” did this or that, as if Putin was personally in every alleged Russian evil deed) had absolutely and exactly zero reasons to harm Navalnyi in any way. I would even add that IF Navalnyi was poisoned in Russia (which I do not believe) then the FSB screwed up by not offering him 24/7 protection, especially in the current political climate (i.e. struggle for the completion of North Stream 2).

  • The Empire always likes to produce a “sacrificial lamb” to symbolize the putative evil of the nation which dares to resist. In Iran it was Neda, in Kuwait the infamous “incubator babies”, in Syria anonymous kids killed by Russian gas, and in Russia it was Nemtsov (did not really work) and now Navalnyi (I wonder who the sacrificial lamb will be in Belarus (Tikhanovskaia?). The FSB should have seen this coming, especially after Nemtsov.

  • There is exactly zero evidence that the mineral water bottle which the Germans claim contained traces of, what else, “Novichok”, ever was anywhere near Navalnyi or even that it ever was in Russia. No such bottle was found by, or mentioned to the Russian investigators. This bottle was, allegedly, hidden from the FSB by Navalnyi supporters, and secretly brought to Germany. What that means in terms of “chain of custody” is self-evident.

  • As I have mentioned in my past article, if what the German authorities are claiming is true, then the Russians are truly the dumbest imbeciles on the planet. Not content to use this now famous “Novichok” gas against Skripal in the UK and after failing to kill Skripal, these stupid Russians decided to try the very same gas, only “improved”, and they failed again: Navalnyi is quite alive and well, thank you!

  • Then there is this: according to the imperial propaganda machine, Novichok was so horribly dangerous, that the Brits had to use full biosuits to investigate the alleged poisoning of Skripal. They also said that they would completely destroy the dangerous Skripal home (though they never did that). The self same propaganda machine says that the Novichok used on Navalnyi was a more powerful, improved version. Okay. Then try to answer this one: why did the Russians NOT put on biosuits, why did not a single passenger suffer from any side effects (inside a closed aircraft cabin!)? How is it that this super-dooper Novichok not only failed to kill Navalnyi (who, allegedly, ingested it!) but also failed to even moderately inconvenience anybody from the many people Navalnyi was surrounded by on that day?

I could continue to deconstruct all this nonsense, but that would take pages. I will mention two thing though:

First, the Russians have requested any and all evidence available to the Germans and to the Organization for the Organization for the Prohibition of Chemical Weapons – but they got absolutely nothing in return. Yet the EU is demanding an investigation (which is already under way in Russia anyway!) as if the Russians did not want the exact same!

Second, Navalnyi apparently has an immunity to otherwise deadly Russian biological

After being exposed to an improved Novichok and after weeks in coma in intensive care, here is Navalnyi trotting down stairs feeling great agents, just take a look at him on this post-Novichok photo:

[By the way, the first time around the Brits also never gave the Russians *any* information, nevermind any kind of evidence. Apparently, to hide some super-secret secrets. Yeah, right!]

Next, I absolutely have to mention the absolutely insane situation around Belarus.

To make a long story short, the EU wants to sanction Russia for intervening in Belarus while that self-same EU is intervening in every possible imaginable manner: from the Poles who treat Tikhanovskaia as a modern False Dmitri the Fifth (see here for a summary of Polish-run False Dmitris), to the promise of a special “Marshall Plan for Belarus”, to the coordination of all the protests from Poland. The EU refuses to recognize Lukashenko as the winner (in spite of the fact that there is exactly zero evidence suggesting that Lukashenko lost) and refers to Tikhanovskaia as the “Leader of Belarus” (whatever that means).

As for our US American friends, having learned exactly *nothing* from the abject failure of their Guaido coup in Venezuela, they now want to repeat exactly the same with Tikhanovskaia in Belarus. As a result, Tikhanovskaia has been re-christened “Juanita Guaido”

But the worst are still the Europeans. Not only are they prostituting themselves to the leaders of the Empire, the following countries were the first to declare that they will not recognize Lukashenko as the leader of Belarus: Poland, Latvia, Lithuania, Estonia (which is no surprise, they all compete for the title of most pro-US colony on the planet), but also putatively mentally sane countries such as Germany, Czechia, Slovakia, Denmark. The case of Germany is particularly amazing, because Germany will now be placed under immense pressure to cancel North Stream 2, something which the entire German industry opposes. Eventually, the US, Canada, the Ukraine, the UK and the entire EU joined in and also refused to recognize Lukashenko as the leader of Belarus.

What is especially amazing to me is that these EU imbeciles apparently don’t care that without North Stream 2 they will have to purchase US gas, at much higher prices, which will make the EU economy less effective than the US one. And I thought that prostitutes are always acutely aware of the money they can make: not the European ones, apparently.

Still, I think that the “top honor” in this category goes to Poland which, while condemning some undefined Russian intervention in Belarus, runs the NEXTA Telegram channel which runs videos like this one: (in Russian – no, not in Belarusian, they *know* that 99.9999% Belarussians speak Russian):

Oh, but it gets better.

NATO seems to be trying to frighten Russia with maneuvers in Poland and B-52 flights over the Ukraine and the Black Sea (see here for a full analysis). As for the Poles and Ukronazis, they apparently believe that the Russian bear covered himself in poop and ran away at full speed.

What I am going to say next is not a secret, every military person who looked into this issue knows and understands this: NATO, and I mean the combined power of all NATO member states, simply does not have the hardware needed to wage a war against Russia in Europe. What NATO does have is only sufficient to trigger a serious incident which might result in a shooting war. But once this war starts, the chances of victory for NATO are exactly zero. Why?

Well, for one thing, while coalitions of countries might give a thin veneer of political legitimacy to a military action (in reality, only a UNSC resolution would), in purely military terms you are much better off having a single national military. Not only that, but coalitions are nothing but the expression of an often held delusion: the delusion that the little guy can hide behind the back of the big guy. Poland’s entire history can be summarized in this simple principle: strike the weak and bootlick (or even worse!) the powerful. In contrast, real military powers don’t count on some other guy doing the heavy lifting for them. They simply fight until they win.

Yes, the Europeans, being the cowards that they are, do believe that there is safety in numbers. But each time these midgets gang up on Russia and start barking (or, to use Putin’s expression, start oinking) all together, the Russians clearly see that the Europeans are afraid. Otherwise, they would not constantly seek somebody to protect them (even against a non-existing threat).

As a direct result of this delusion, NATO simply does not have the equivalent of the First Guard Tank Army in spite of the fact that NATO has a bigger population and much bigger budgets than Russia. Such a tank Army is what it would take to fight a real war in Europe, Russia has such an Army. NATO does not.

The other thing NATO does not have is a real integrated multi-layered air defense system. Russia does.

Lastly, NATO has no hypersonic weapons. Russia does.

(According to President Trump, the USA *does* have super-dooper “hydrosonic” weapons, but nobody really knows what that is supposed to mean).

I would even argue that the comparatively smaller Belarusian military could make hamburger meat of the roughly three times larger Polish armed forces in a very short time (unlike the Poles, the Belarusian are excellent soldiers and they know that they are surrounded by hostile countries on three sides).

As for the “armed forces” of the Baltic statelets, they are just a sad joke.

One more example: the Empire is now sending ships into the Black Sea as some kind of “show of force”. Yet, every military analyst out there knows that the Black Sea is a “Russian lake” and that no matter how many ships the US or NATO sends into the Black Sea, their life expectancy in case of a conflict would be measured in minutes.

There is a popular expression in Russia which, I submit, beautifully sums up the current US/NATO doctrine: ?????? ??? ????? ????????, which can be translated as “trying to scare a hedgehog with your naked bottom”.

The truth is that NATO military forces currently are all in very bad shape – all of them, including the US – and that their only advantage over Russia is in numbers. But as soon as you factor in training, command and control, the ability to operate with severely degraded C3I capabilities, the average age of military hardware or morale – the Russian armed forces are far ahead of the West.

Does anybody sincerely believe that a few B-52s and a few thousand soldiers from different countries playing war in Poland will really scare the Russian generals?

But if not – why the threats?

My explanation is simple: the rulers of the Empire simply hope that the people in the West will never find out how bad their current military posture really is, and they also know that Russia will never attack first – so they simply pretend like they are still big, mighty and relevant. This is made even easier by the fact that the Russians always downplay their real capabilities (in sharp contrast to the West which always brags about “the best XYZ in the world”). That, and the fact that nobody in the Western ruling classes wants to admit that the game is over and that the Empire has collapsed.

Well, they apparently can hide these truisms from most of their public opinion: Trump promises super-dooper missiles and big red buttons, and his supporters immediately wave (Chinese made) US flags! But I assure you that the Russians (political leaders and even the general public) know what the real score is.

Yet the Empire still refuses to deal with Russia in any other way except insults, bullying, threats, accusations, sanctions, and constant sabre-rattling. This has never, and I mean never, worked in the past, and it won’t work in the future. But, apparently, NATO generals simply cannot comprehend that insanity can be defined as “doing the same thing over and over again, while hoping to achieve different results”.

Finally, I will conclude with a short mention of US politicians.

First, Trump. He now declares that the Russians stole the secret of hypersonic weapons from Obama. This reminds me of how the Brits declared that Russia stole their vaccine against the sars-cov-2 virus. But, if the Russians stole all that, why is it that ONLY Russia has deployed hypersonic weapons (not the USA) and ONLY Russia has both two vaccines and 2 actual treatments (and not the UK)? For a good laugh, check out Andrei Martyanov’s great column “Russia Steal Everything”.

And then there is Nancy Pelosi who, apparently, is considering, yes, you guessed it – yet another impeachment attempt against Trump? The charge this time? Exercising this Presidential prerogative to nominate a successor to Ruth Ginsburg. Okay, Pelosi might be senile, but she also is in deep denial if she thinks impeaching Trump is still a viable project. Frankly? I think that she lost it.

In fact, I think that all the Dems have gone absolutely insane: they are now considering packing both the Supreme Court and the Senate. The fact that doing so will destroy the US political system does not seem to bother them in the least.

Conclusion: quos Deus vult perdere prius dementat!

We live in a world where facts or logic have simply become irrelevant and nobody cares about such clearly outdated categories.  We have elevated “doubleplusgoodthinking” into an art form.  We have also done away with the concepts of “proof” or “evidence” which we have replaced with variations on the “highly likely” theme.  We have also, for all practical purpose, jettisoned the entire corpus of international law and replaced it with “rules-based international order“.  In fact, I can only agree with Chris Hedges who, in his superb book the “Empire of illusions” and of the “triumph of spectacle”.  He is absolutely correct: not only is this a triumph of appearance over substance, and of ideology over reality, it is even the triumph of self-destruction over self-preservation.

There is not a big “master plan”, no complex international conspiracy, no 5D chess.  All we have is yet another empire committing suicide and, like so many before this one, this suicide is executed by this empire’s ruling classes.

Published:9/29/2020 1:19:44 AM
[f32cf24a-eda5-5df7-9c9d-f154d95ed128] Kylie Jenner encourages fans to vote with steamy bikini snaps: 'Let's make a plan' Kylie Jenner is getting a little political. Published:9/29/2020 12:20:35 AM
[Artificial Intelligence] Russian surveillance tech startup NtechLab nets $13M from sovereign wealth funds NtechLab, a startup that helps analyze footage captured by Moscow’s 100,000 surveillance cameras, just closed an investment of more than 1RUB billion ($13 million) to further global expansion. The five-year-old company sells software that recognizes faces, silhouettes and actions on videos. It’s able to do so on a vast scale in real time, allowing clients […] Published:9/29/2020 12:20:35 AM
[Markets] Armenian-Azerbaijani War Rages In South Caucasus Armenian-Azerbaijani War Rages In South Caucasus Tyler Durden Tue, 09/29/2020 - 01:00

Submitted by SouthFront.org,

On September 27, a new regional war in South Caucasus arose from the Armenian-Azerbaijani conflict over the contested Nagorno-Karabakh region.

Pro-Armenian forces captured the region in the early 90s triggering an armed conflict between Armenia and Azerbaijan. Further development of the hostilities and the expected offensive by pro-Azerbajian forces were stopped by a Russian intervention in May of 1994. As of September 2020, the Nagorno-Karabakh region and nearby areas are still under the control of Armenian forces, de-facto making it an unrecognized Armenian state – the Republic of Artsakh (more widely known as the Nagorno-Karabakh Republic).

The 2018 political crisis in Armenia the led to a seizure of power in the country by de-facto pro-Western forces led by current Prime Minister Nikol Pashinyan which did not strengthen Armenian positions over the territorial dispute. The double standard policy of the Armenian government, which was de-facto conducting anti-Russian actions but keeping public rhetoric pro-Russian, also played its own role. For years, Russia has been the only guarantor of Armenian statehood and the only force capable to rescue it in the event of a full-scale Azerbaijani-Turkish attack. Nonetheless, the Armenian leadership did pretty well in undermining its strategic partnership with its neighbor.

On the other hand, the political and economic situation in Azerbaijan was more stable. Baku also was able to secure good working relations with Russia. Together with the developing strategic partnership with Turkey, a natural historical ally of the country, and the strengthening of Turkish positions in the Greater Middle East, led to an expected attempt by Azerbaijan to restore control over the contested territories.

The Azerbaijani advance started on in the morning of September 27 and as of September 28, the Azerbaijani military said that it had captured seven villages and several key heights in the Fuzuli and Jabrayil areas. The military also announced that Azerbaijan captured the Murov height of the Murovdag mountain range and established fire control of the Vardenis-Aghdar road connecting Karabakh with Armenia. The Ministry of Defense said that this will prevent the transportation of additional troops and equipment from Armenia along the route in the direction of the Kelbajar and Aghdar regions in Karabakh.

The Azerbaijani Defense Ministry also claimed that over 550 Armenian soldiers were killed and dozens pieces of Armenian military equipment, including at least 15 Osa air defense systems, 22 battle tanks and 8 artillery guns, were destroyed. All statements from the Armenian side about the casualties among Azerbaijani forces were denounced as fake news.

Azerbaijan calls the ongoing advance a “counter-offensive” needed to put an end to Armenian ceasefire violations and to protect civilians. President Ilham Aliyev signed a martial law decree and vowed to “restore historical justice” and “restore the territorial integrity of Azerbaijan” Turkey immediately declared its full support to Azerbaijan saying that it is ready to assist it in any way requested, including military support.

In its own turn, the Armenian military admitted that Azerbaijan captured some positions near Talish, but denied that the Vardenis-Aghdar road was cut off. According to it, at least 200 Azerbaijani soldiers were killed, 30 armored vehicles and 20 drones were destroyed. The Armenian Defense Ministry also said that it has data about Turkish involvement in the conflict, the usage of Turkish weapons and the presence of mercenaries linked to Turkey. Earlier, reports appeared that Turkey was deploying members of its Syrian proxy groups in Azerbaijan. Arayik Harutyunyan, the President of the Nagorno-Karabakh Republic, openly stated that the republic is at war with both Azerbaijan and Turkey.

The Washington establishment that helped Pashinyan to seize power is also not hurrying up to assist its ‘new friends’ in Armenia. They see the Nagorno-Karabakh region as a point of possible conflict between Russia and Turkey (which is useful to promote the US agenda in the Greater Middle East). The instability in South Caucasus, close to the borders of Russia and Iran, also contributes to the geopolitical interests of the United States. Therefore, the Pashinyan government should not expect any real help from the ‘democratic superpower’.

On the other hand, the direct involvement of Russia and thus the Collective Security Treaty Organization on the side of Armenia is unlikely until there is no direct attack on its territory. Moscow would intervene into the conflict both politically and militarily, but only as far as necessary to prevent a violation of Armenia’s borders. Russia would not contribute military efforts to restore Armenian control over Nagorno Karabakh should the region be captured by Azerbaijan.

If the regional war between Azerbaijan and Armenia develops further in the current direction, Armenia could loose at least a part of its positions in the contested region. In the worst-case scenario for the Armenian leadership, Azerbaijan, with help from Turkey, will have a real chance to restore control over the most of the contested Nagorno-Karabakh region.

Published:9/29/2020 12:20:34 AM
[Entertainment] What to watch on Tuesday: ‘Michelle Buteau: Welcome to Buteaupia’ on Netflix Tuesday, Sept. 29, 2020 | The first 2020 presidential debate. Published:9/29/2020 12:20:34 AM
[Presidential elections] The big debate open thread

With the first presidential debate practically upon us, I want to know what advice you would give and what you think will happen. I won’t bore you with the details, but it was a busy day. Because I don’t have time both to sleep and write, I thought I’d give

The post The big debate open thread appeared first on Bookworm Room.

Published:9/28/2020 11:49:35 PM
[World] Rural Pennsylvania Turns More Red, but Is It Enough for Trump? Published:9/28/2020 11:19:58 PM
[World] On the Road to Gilead

We should not dismiss the warnings that The Handmaid's Tale is coming.

The post On the Road to Gilead appeared first on The American Conservative.

Published:9/28/2020 11:19:57 PM
[Markets] Asia Markets: Asian markets mixed after Wall Street start week strong Asian markets were mixed in early trading Tuesday, following gains on Wall Street.
Published:9/28/2020 11:19:57 PM
[2020 Election News] President Donald Trump’s Schedule for Tuesday, September 29, 2020

By R. Mitchell -

President Donald Trump will travel to Ohio where the president will meet with supporters and participate in the first 2020 presidential debate against Joe Biden. Keep up with the president on Our President’s Schedule Page. President Trump’s Itinerary for 9/29/20 – note: this  page will be updated during the day if events warrant All Times …

President Donald Trump’s Schedule for Tuesday, September 29, 2020 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:9/28/2020 10:49:22 PM
[Markets] US & China: Emerging Technologies And The Race To Control The Future US & China: Emerging Technologies And The Race To Control The Future Tyler Durden Mon, 09/28/2020 - 23:40

Authored by Lawrence Franklin via The Gatestone Institute,

The United States is in a "Tech War" with China, the victor will control the global dissemination of information. The winner will also write the world's rules and standards for emerging technologies in the digital economy.

Chinese Communist Party (CCP) Chairman Xi Jinping threw down the gauntlet to the U.S. in a May 2017 speech, where he outlined the plan for establishing a Chinese-supervised "Digital Silk Road." President Xi realizes that the information dimension of modern war is bound up with China's apparent overall objective of unseating the United States as the leader of the existing liberal democratic world order.

Xi seemingly wants to secure a commanding lead in the emerging hi-tech disciplines to create a sense of inevitability about China's rise to world domination. The U.S. still has the time, talent and resources to secure a victory over China in this contest for global leadership, provided that the U.S. has the will, self-discipline and flexibility to institute a total societal mobilization over decades.

China specialists such as Gordon Chang and policy officers in the Trump Administration have sought to educate the American public on how China came to emerge as a potent challenger to U.S. global primacy in hi-tech disciplines. Many of the methods by which China rose to contender status include stealing intellectual property on a massive scale, with the collusion, sadly, of many Americans; forced transfer of entrepreneurial secrets of U.S. firms as a prerequisite to operating in the Chinese market; meticulous, long-term planning to secure China's national priorities; legal and illegal recruitment of foreign human talent, and lavish state support for Chinese hi-tech firms.

China may have unintentionally alerted the Free World to its present danger by revealing the CCP regime's true face -- not exactly the one presented by "A rising China is a ... positive ­development not only for China, but for America" -- as well as its global ambitions. China has revealed this true face by an abominable human rights record, underscored by its genocidal policy toward China's Uighur minority in Xinjiang Province. China's aggressive territorial expansion against Hong Kong and several of its Asian neighbors -- not to mention how it deliberately exported the Wuhan virus internationally while closing transportation to limit its spread within China -- has helped strip away its carefully orchestrated image as a responsible major power and has exposed a belligerent state controlled by the CCP.

Now, a Chinese physician and virologist, Dr. Yan Limeng, who fled China and is in hiding in the U.S., has said that China released the virus "intentionally" -- perhaps, one surmises, as a way of torpedoing both President Trump's prospects for re-election and his effort to alter trade deals that have favored China by $600 billion a year. Meanwhile, Twitter thoughtfully deleted Yan's clearly important account.

China's domestic implementation of advances in surveillance technology to control its own population also has contributed to the negative transformation of China's international image. The CCP has employed these advances to create a surveillance state to monitor the actions of Chinese citizens, and many countries have purchased Chinese facial recognition products. These state customers run the gamut of political systems from dictatorships to democracies.

Artificial intelligence (AI) is another emerging technology where China is making inroads on the reported U.S. lead. China has set a goal of overtaking the U.S. in AI by 2030. AI is a scientific discipline that teaches machines to imitate human actions. Such applications have enormous potential to impact the efficiency and accuracy of modern weapon systems such as missiles. AI exercises have produced results as in assisting surgery and where machines have bested world-class Chess Masters and Go enthusiasts.

Five factors contribute to breakthroughs in AI and other emerging technologies: patents, investment, hardware, talented labor and academic research. Both China and the U.S. are improving the ability of AI to capture the nuance of languages.

China has now surpassed the U.S. in the number of published scientific studies, but there is a caveat: U.S. scientific publications remain, on the whole, qualitatively superior. These studies help keep the U.S. a step ahead in basic software such as computer data management, processing and in operating system software.

Another critical discipline where the U.S. maintains a clear advantage over China is semiconductor chip technology, necessary for the manufacture of various electronic devices. The Trump administration's decoupling of China's Huawei Technologies Co., Ltd from the American market has helped slow Beijing's effort to catch up to the United States in semiconductor technology. The electronic materials, chemical gases, and lithographic technology -- all components necessary for the production of the most advanced semiconductors -- can presently only be produced in Free World states such as the U.S., Japan, and the Netherlands

Perhaps the most spirited and public manifestation of the U.S.-China "Tech War" is in space. This competition may recall the drama of the "space race" between an earlier generation of superpower rivals, the United States and the Soviet Union. Rather than the US-USSR rivalry to reach the moon, the focus in the current US-China contest is in space weaponry -- and reaching Mars. China is making impressive strides in space operations by recently deploying the BeiDou constellation of 30 satellites, its rival to the U.S. Global Positioning System (GPS). China also has plans to launch its own space station as an alternative to the International Space Station that highlights global cooperation, especially between the U.S. and Russia. Ominously, China appears to be doubling down on its effort to checkmate the West's capability to use space-based systems during conflict. If China can successfully blind U.S. systems by offensive cyber operations or outright destruction of U.S. systems by anti-satellite attacks, the war-fighting advantage currently possessed by the West can be annihilated. China executed a successful anti-satellite strike as early as 2007; it showed its capability by destroying one of its own aging weather satellites.

Still another new technology with enormous potential for solving complex mathematical and scientific problems more quickly than today's computers can is quantum computing. While the U.S. claims to have created the first quantum computer, China appears to be leading in the military application of this new science. China has already demonstrated the ability to create unbreakable encrypted messaging, an accomplishment that could keep other countries in the dark about planned secret Chinese military operations, such as, say, an invasion of Taiwan.

The U.S. still leads China in Research and Development (R&D) spending, but Beijing has made great strides in this area as well. In order to keep pace with China's all-out effort to dominate emerging technologies, a well-disciplined, coordinated approach by the U.S. government, sort of a "Manhattan Project" in all of the key hi-tech areas, might help. The costs to the US of falling behind could well prove catastrophic.

Published:9/28/2020 10:49:22 PM
[Politics] BREAKING: James O’Keefe drops another BOMBSHELL on Ilhan Omar ballot harvesting James O’Keefe just dropped more bombshell evidence on Ilhan Omar’s ballot harvesting operation. He calls this the MOAB, the smoking gun. Watch: 🚨🚨🚨BREAKING NEW VIDEO: Omar Connected Harvester SEEN Exchanging $200 for . . . Published:9/28/2020 10:18:50 PM
[Politics] BREAKING: James O’Keefe drops another BOMBSHELL on Ilhan Omar ballot harvesting James O’Keefe just dropped more bombshell evidence on Ilhan Omar’s ballot harvesting operation. He calls this the MOAB, the smoking gun. Watch: 🚨🚨🚨BREAKING NEW VIDEO: Omar Connected Harvester SEEN Exchanging $200 for . . . Published:9/28/2020 10:18:50 PM
[Markets] Is America Zinnished? Is America Zinnished? Tyler Durden Mon, 09/28/2020 - 23:00

Authored by John Quincy Adams via The Strategic Culture Foundation,

About twenty years ago The Atlantic published a piece by Jeffrey Tayler named “Russia is finished” subtitled “The unstoppable descent of a once great power into social catastrophe and strategic irrelevance.” Not a very successful prediction was it? But what he did was fashionable at the time – he described what was happening in Russia in the nineties and made a straight-line projection from there. His error was assuming the continuation of the straight line – and he made the error because he thought Russia was only “Zaire With Permafrost”.

My purpose in this essay is to apply the points that the author made about Russia twenty years ago to the United States of America today and adopt a simple straight-line projection based on a corresponding view of American history. This is not so much because I think that America really is finished – after all, as Adam Smith observed, there is a great deal of ruin in a nation, and America has seen hard times before – but in order to illustrate the perilous position America is in today. As the author of the Atlantic piece must now understand, straight-line predictions are always risky because – as happened in Russia – other forces can appear to change the “unstoppable descent”. But a straight-line prediction from the American situation as of the autumn of 2020 does point to an “unstoppable descent” into “social catastrophe and strategic irrelevance”.

In my opinion, Tayler’s principal error, which constrained his estimation of what was possible, was his overarching view of Russia as a brutal, dysfunctional, backwards dictatorship.

The hostility that Russians feel toward their government comes not from some innate lack of civic duty but from the terror, violence, and deceit that have since the late Middle Ages characterized the way in which their rulers have treated them…

Byzantium was moribund, its religion having suffocated the intellectual traditions of the Hellenes.

Mongol khans, with all their pomp and cruelty, became the figures on which many Russian rulers would model themselves…

Muscovite czars, Ivan the Terrible foremost among them, destroyed all institutions that could rival their power, turning the nobility into servants, enslaving the peasants to the nobility, and employing Orthodoxy as their official ideology—for Orthodoxy proclaimed the czar God’s chosen representative on earth…

Russia, isolated and infused with a messianic sense of its own superiority over the West, suffered the predations of rulers bent on building a strong state…

Taking full advantage of Russia’s absolutist traditions, Joseph Stalin followed in the footsteps of Ivan the Terrible and Peter the Great and set about strengthening the state, enacting programs of industrialization and agricultural collectivization: he enslaved vast segments of his population to build industries, mine the earth, and gather crops…

Can only expect more of the same from a country with that past.

This is what might be called the Richard Pipes take on Russia.

Let us consider what would be predicted for the future of America if we were to take the Howard Zinn point of view.

That is to say, an America based on slave labor, the extermination of native peoples, exploitation of the poor by the rich under cover of an attractive but hollow ideology, predatory behavior in its neighborhood backed by merciless warfare wherever it doesn’t get its way. You could expect only more of the same.

Now the Pipes and Zinn views are not false, but they are partial. Russia is not nothing but a brutal dysfunctional dictatorship, it has its Father Zosimas too. Neither is America just a brutal, dysfunctional plutocracy, it has its spiritual values too. But, just as Tayler took a Pipes view of Russia, we will in what follows take a Zinn view of America. And just as Russia’s future turned out to be much better than Tayler/Pipes foresaw, let us hope that America’s future is better also. We will take the points Tayler makes about Russia, apply them to America and project the future from that point through Zinn’s perspective and see what we get.

Russian oligarchs.

the oligarchs rose to prominence not by building railroads and industries but by exploiting antiquated pricing systems, disorganized legal codes, and—most important—Soviet-era connections with the government.

The three richest men in America today – owning, it is said, as much as half the population – did not gain their wealth by railroads or industries; one runs a mail order store, one a software company and one is a speculator. The Forbes 400 are worth more than almost two-thirds of the country and COVID has made them even richer while, for the others, unemployment skyrockets. Not surprisingly, a 2014 study found that these plutocrats dominate the so-called democracy. “When a majority of citizens disagrees with economic elites and/or with organized interests, they generally lose.” All rather Zinnish, isn’t it? Difficult to see that trend ending by itself.

Russian contempt for politicians.

When Russians talk of their politicians, they frequently speak of “thieves,” “bandits,” and “swindlers”…

A recent Pew poll on American attitudes to their government shows similar disgust

Even larger majorities say the country is not performing well when it comes to the government being open and transparent (69% say this does not describe the country well), the tone of political debate being respectful (72%), people agreeing on basic facts even if they disagree politically (72%), elected officials facing serious consequences for misconduct (73%) and that campaign contributions do not lead to greater political influence (also 73%).

Russian military failure.

One of the most spectacular elements of the Soviet Union’s collapse has been Russia’s fall from military superpower No. 2 to a country whose army can be neutralized by bands of irregulars fighting with little more than the weapons on their backs.

No need to belabor this point – two decades in Afghanistan says it all.

Squandering wealth on weaponry.

Putin would do well to recall that high defense spending helped to bring about the demise of the Soviet Union.

Enough said – more, more and still more.

Russian population decline.

Over the past decade Russia’s population has been shrinking by almost a million a year, owing to a plummeting birth rate and a rising number of deaths from alcoholism and violence. Predictions are astonishingly grave: the country could lose a third of its population (now 146 million) by the middle of the century. This does not factor in new scourges—tuberculosis and HIV, in particular, which have been spreading exponentially since 1998.

America’s birthrate is now falling and deaths from opioid overdoses and suicides are rising.

Taking Tayler’s points one after another and comparing Russia with America today, we see it’s not Russia that’s looking bad in 2020.

  • Oligarchs are losing power in Russia but gaining it in America.

  • Confidence in government is rising in Russia but falling in America.

  • Russia’ military achievements are rising while America’s are falling.

  • Russia’s military expenditure is falling but America’s keeps rising.

  • Russian population is stabilizing while America’s is starting to fall.

And we haven’t been nearly as negative about America’s future as we could have been. With the talk about ignoring the results of November’s elections, how close are we to civil war? Is there really a possibility of a coup d’état? There’s certainly talk of it. There already is a considerable amount of street violence in America now, how much worse will it get? What will the final effects of COVID be? Certainly not an increase in confidence about the American can-do spirit or competence. How many people unemployed by COVID will ever work again? How big can the budget deficit get before it all bursts? Can the US ever get its manufacturing dominance back? What happens to the “American Dream” as most people get poorer while a few become ludicrously rich – here’s a RAND study to put a number on the four-decade trend – trillions and trillions.

Tayler was extremely wrong in his estimation of Putin as many others were, seeing nothing but KGB.

Putin the Terrible… Putin had the security connections to protect them once Yeltsin left office… Putin needs pliant and adoring media to ensure an absolutist rule… Putin supported the reinstatement of a slightly modified version of Stalin’s national anthem… Putin has put forward plans that will only worsen his country’s plight,

But the Putin team changed the trajectory – again “Zaire with permafrost” blocked his mind. Would he expect that Biden/Harris will turn things around in America? (He doesn’t seem to think much of Trump.)

And how did this come to pass? Adams foresaw it – America brought the monsters home.

Russia by contrast is a model of stability, efficiency and prosperity. With a much better future too.

Published:9/28/2020 10:18:50 PM
[Entertainment] Dr. Kelly Killeen Transforms Size M Breasts in "Biggest" Reduction to Date on Dr. 90210 Dr. Kelly Killeen, Carlena, Dr. 90210 What a transformation. On Monday, Sept. 28's premiere of Dr. 90210, Dr. Kelly Killeen tackled new patient Carlena's massive mounds. While Carlena noted in a confessional that...
Published:9/28/2020 10:18:50 PM
[Markets] The Wall Street Journal: Japan’s NTT Docomo to be acquired by parent company in deal that could cost $40 billion NTT Docomo Inc., Japan’s top cellphone service provider, said it planned to return to 100% control by its parent, Nippon Telegraph and Telephone Corp., in a deal expected to cost the parent nearly $40 billion.
Published:9/28/2020 10:18:50 PM
[e1f07bd2-df51-5351-ac48-544bab41a3ef] Demi Lovato 'completely embarrassed' by ex Max Ehrich's behavior after breakup: report Demi Lovato isn't a fan of how Max Ehrich is handling their breakup. Published:9/28/2020 10:18:50 PM
[Politics] Biden Widens Lead on Betting Market Before 1st Debate Democratic nominee Joe Biden has a 54.6% chance of winning the presidential election compared to President Donald Trump who has a 44.5% chance, ahead of their first debate Tuesday, according to RealClearPolitics. Published:9/28/2020 9:49:35 PM
[Markets] China Initiates 5 Simultaneous Military Drills 'Directed At Taiwan' China Initiates 5 Simultaneous Military Drills 'Directed At Taiwan' Tyler Durden Mon, 09/28/2020 - 22:40

Following a two-month period which already saw a very noticeable uptick in Chinese PLA military drills in the regions of the Yellow, South China, and East China Seas, Beijing has announced the start of five simultaneous military drills which it says are "directed at Taiwan".

It's only the second time in recent months that this many exercises have been triggered all at once in four seas.

Reuters describes that "Two of the exercises are being held near the Paracel Islands in the disputed South China Sea, one in the East China Sea, and one in further north in the Bohai Sea, the Maritime Safety Administration said in notices on its website."

Chinese PLA drills file image via Weibo

And drills in the Yellow Sea are featuring live-fire exercises from Monday through Wednesday. The maritime notices issued by the PLA include bans on all civilian ships entering the areas where drills are being conducted. 

One month ago a major incident unfolded after an American U-2 spy plane allegedly entered a Chinese military 'no fly zone' in order to monitor PLA drills. Beijing had slammed the "naked provocation" and issued a veiled threat that in future exercises the US aircraft could be shot down.

According to Reuters, Beijing has specifically framed the new drills as in response to "threats" centered on Taiwan:

China has also held frequent military activities near Chinese-claimed Taiwan and has taken the usual step of declaring that such drills are directed at Taiwan

Washington has conducted two recent high level diplomatic visits to Taipei, with Taiwan's military also recently updating its rules of engagement to say it has a right to "counterattack" Chinese warplanes

“In the face of high-frequency harassment and threats from the enemy’s warships and warplanes recently… the military clearly redefined the contingency handling regulations concerning the first strike as our right to self-defense and counter-attack,” Taiwan’s defense ministry said a week ago.

Published:9/28/2020 9:49:35 PM
[] Jill Biden and Doug Emhoff once again draw in the crowds by the carload Published:9/28/2020 9:19:19 PM
[] CBS: Sources close to WH worried about a "grift mill" during lame-duck session if Trump loses Published:9/28/2020 9:19:19 PM
[World] China's missile power play in the Pacific puts U.S. and allies at major disadvantage

While COVID-19 distracts the world, China is making missile moves that could put the United States and its allies at a major disadvantage. After a decade of development, the People's Liberation Army (PLA) has brought its most capable conventional deterrent from the test ranges (and parade ground) to international waters, ... Published:9/28/2020 9:19:19 PM

[Entertainment] Jeannie Mai Dedicates Her Dancing With the Stars Performance to Fiancé Jeezy Jeannie Mai, Young JeezyJeannie Mai is going the distance on the dance floor with Jeezy by her side. Disney night at Dancing With the Stars proved extra magical for The Real co-host, who performed a Viennese...
Published:9/28/2020 9:19:19 PM
[Politics] Flynn Lawyer Looking to Shift Focus Onto FBI Wrongdoing Lawyers for Michael Flynn, former national security adviser for President Donald Trump, will return to court on Tuesday ready to use newly unsealed documents to highlight the FBI's wrongdoing, according to The Washington Times.... Published:9/28/2020 9:19:19 PM
[Voter Fraud] Local Press Runs Interference on Voter Fraud In Minnesota (John Hinderaker) The Star Tribune reluctantly reports on Project Veritas’s explosive video on voter fraud in Minnesota. Mostly, the Strib runs interference for its party, starting with the headline: “Trump seizes on conservative group’s claim of fraud in Minneapolis election.” When Republicans “seize” or “pounce,” you know Democrats are short on answers. The Strib tries to poison the well against Project Veritas: Minnesota Democrats countered Monday that Republicans are trying to “subvert Published:9/28/2020 9:19:18 PM
[e3c92168-ed82-5a59-aebb-0549e0b21d5e] Hollywood continues to speak out about Trump selecting Judge Amy Coney Barrett for the Supreme Court Barrett was announced as Trump's SCOTUS pick on Saturday. Published:9/28/2020 9:19:18 PM
[Markets] UW-Madison Grad Student Resigns Leadership Roles After Falsely 'Identfying' As Black UW-Madison Grad Student Resigns Leadership Roles After Falsely 'Identfying' As Black Tyler Durden Mon, 09/28/2020 - 22:20

Authored by Leo Thuman via Campus Reform,

A University of Wisconsin-Madison graduate student stepped down from leadership roles in the university’s graduate student union after admitting that she had dishonestly presented herself as a “person of color.”

In a letter published on the website Medium on September 6, University of Wisconsin graduate student CV Vitolo-Haddad apologized and admitted that she had been dishonest about her racial and ethnic background. 

“I am so deeply sorry for the ways you are hurting right now because of me.”  She also admitted that the feelings of betrayal people felt because of her were caused by her dishonest presentation of her racial-ethnic identity: “all of those things are a consequence of how I have navigated our relationships and the spaces we share.”

Vitolo-Haddad announced that she is trying to repair the damage her deceit caused, and that “the first step towards that, however, is to resign my position as co-president of the Teaching Assistants’ Association.” 

The Teaching Assistant’s Association is a labor union at UW-Madison representing graduate students who are employed in various capacities at the university, but mainly in teaching positions.  As of the time of publication, Vitolo-Haddad was not listed on the ‘Officers’ section of the union’s website.

Vitolo-Haddad also announced in her letter that she would resign from her position as a graduate teaching assistant at the university.

In a second letter, published on September 8 on Medium, Vitolo-Haddad confessed that she was not at all of Black ancestry, and was in fact Italian and Sicilian.  She acknowledged that she “should have never entered Black organizing spaces” and continued, saying: “they are not my place.” 

She attempted to portray her guilt as the cause of her admission, writing that “once realizing this, it wasn’t sufficient to just leave; I should have explained that directly to the people who invited me and clarified my identity.”

Further, Vitolo-Haddad admitted that she had identified herself as Black on multiple occasions.

"When asked if I identify as Black, my answer should have always been 'No.' There were three separate instances I said otherwise," she wrote in the letter.

Vitolo-Haddad is a doctoral student at the University of Wisconsin’s School of Journalism and Mass Communications.

CNN reported that Vitolo-Haddad was previously offered a tenure-track position at Fresno State University in California. The university told the network that she would not be receiving the position. 

Vitolo-Haddad isn’t the first major public case of a white woman impersonating someone from a minority group. 

Campus Reform recently reported on a George Washington University professor who had similarly pretended to be black. That professor, Jessica Krug, also resigned from her teaching position.

Campus Reform was unable to reach Vitolo-Haddad for comment.

Published:9/28/2020 9:19:18 PM
[] Monday Overnight Open Thread (9/28/20) *** The Quotes of The Day Quote I “The U.S.A. is a first-world country but it is acting like a third-world country,” U Aung Thu Nyein, a political analyst in Myanmar Quote II “Ms. Kitts explained to the policy... Published:9/28/2020 9:19:18 PM
[ET] Energy Transfer: No Nonsense Review Of Mariner East 2 Spill Published:9/28/2020 8:49:55 PM
[] Drew Holden has some 'apology candidates' for those saying President Trump was hiding illicit connections to Russia Published:9/28/2020 8:49:54 PM
[Entertainment] Willow Smith Reacts to Jada Pinkett Smith and August Alsina's "Entanglement" Revelation Willow Smith, Jada Pinkett Smith, Will SmithWillow Smith is "proud" of mom Jada Pinkett Smith for being "vulnerable" and open about her self-described "entanglement" with rapper August Alsina. On the Monday...
Published:9/28/2020 8:49:54 PM
[Politics] NY Times Poll: Biden Leads Pennsylvania by 9 Democrat Joe Biden leads President Donald Trump by 9 percentage points among likely voters in a New York Times/Siena College poll released Monday. Published:9/28/2020 8:49:54 PM
[Politics] MOVE OVER POLITICO: Associated Press writes their own hit piece on Amy Coney Barrett’s Catholic faith Politico will not be outdone. The Associated Press just wrote their own hit piece attacking Amy Coney Barrett’s Catholic faith, and this is how it begins: President Donald Trump’s nominee for the . . . Published:9/28/2020 8:49:54 PM
[Politics] MOVE OVER POLITICO: Associated Press writes their own hit piece on Amy Coney Barrett’s Catholic faith Politico will not be outdone. The Associated Press just wrote their own hit piece attacking Amy Coney Barrett’s Catholic faith, and this is how it begins: President Donald Trump’s nominee for the . . . Published:9/28/2020 8:49:54 PM
[Middle Column] Following climate change diet: No jail for parents after their baby was disabled by strict vegan diet – ‘Doctors found a level of malnutrition akin to children in famine-hit countries’
Published:9/28/2020 8:49:54 PM
[Markets] Minneapolis Police Investigating Alleged 'Cash-For-Ballots' Voter Fraud By Ilhan Omar Supporters Minneapolis Police Investigating Alleged 'Cash-For-Ballots' Voter Fraud By Ilhan Omar Supporters Tyler Durden Mon, 09/28/2020 - 21:47

The Minneapolis Police Department announced Monday evening that they would be investigating allegations of 'vote harvesting' by supporters of Rep. Ilhan Omar (D-MN) following an explosive Project Veritas exposé.

"The MPD is aware of the allegations of vote harvesting," tweeted the Minneapolis PD. "We are in the process of looking into the validity of those statements. No further information is available at this time on this."

O'Keefe's latest video features Minneapolis resident Liban Mohamed - who brags on tape about illegally collecting some 300 ballots from Somali immigrants in an effort to help his City Councilman brother, Jamal Osman.

Mohamed called O'Keefe "Fake News" in a Monday tweet, according to the Daily Mail.

The Veritas video also featured Somali political operative Omar Jamal - who said he believes ballot harvesters are hired to take advantage of elderly members of the Somali community.

Omar spokesman Jeremy Slevin said the claims were "amplifying a coordinated right-wing campaign to delegitimize a free and fair election this fall undermines our democracy."

President Trump took to Twitter late Monday evening, calling the allegations "totally illegal," and that he hopes that "the U.S. Attorney in Minnesota has this, and other of her many misdeeds, under serious review."

Published:9/28/2020 8:49:54 PM
[Humor/Satire] Satire: Trump’s Papal Conspiracy

By Andy Arnold -

Leave it to the Democrats and mainstream media to focus the nation’s attention on a non-issue while America is at risk of being taken over by a globalist cabal. How long will it take before the Pope is calling the shots in the United States of America? Not long if President Donald Trump has his …

Satire: Trump’s Papal Conspiracy 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:9/28/2020 8:19:11 PM
[structure:news] Coronavirus deaths hit one million – how many more lives will it claim? Published:9/28/2020 8:19:11 PM
[Markets] Key Words: Fauci calls out Fox News, but says real ‘bad guy’ is coronavirus, not those with opposing views Dr. Anthony Fauci criticized Fox News and attempted to downplay differences with White House coronavirus task force colleague Dr. Scott Atlas on Monday, saying the real enemy remains COVID-19.
Published:9/28/2020 8:19:11 PM
[Markets] Will Biden 'Corruption' Be Off-Limits In First Debate? Will Biden 'Corruption' Be Off-Limits In First Debate? Tyler Durden Mon, 09/28/2020 - 21:00

Authored by Frank Miele via RealClearPolitics.com,

Chris Wallace, America is watching!

When the “Fox News Sunday” host takes the stage on Tuesday to moderate the first presidential debate of 2020, he will for 90 minutes be the most important person in the world.

His questions, his demeanor, his raised eyebrow will signal to millions of voters how they are to assess the two candidates — President Donald John Trump and former Vice President Joseph Robinette Biden Jr.

If his questions are piercing for both, if his skepticism is applied equally to both the Republican and Democrat, then all is well in this corner of the world of journalism. But if instead Wallace accuses Trump and coddles Biden, we will have one more instance of media bias, which has become so rampant that President Trump had to christen it with a pet name — Fake News.

Every day, the supposedly professional press corps cozies up to Biden with softball questions (“Why aren’t you more angry at President Trump?” has to be my favorite!) while accusing Trump of being a mass murderer, a racist and a Putin puppet. So conservatives are entirely justified in having low expectations for the debate and for Wallace, who has exhibited symptoms of Trump Derangement Syndrome more than once.

Wallace can ask anything he wants of Trump. I am confident the president will acquit himself admirably, but the litmus test for Wallace playing fair in the debate will be whether or not he asks any hard-hitting questions of Biden — especially about the new Senate report on the corrupt activities of his son Hunter in Ukraine and elsewhere.

If you have heard anything about the Biden report on CNN and MSNBC, or read about it in your newspapers, chances are you came away thinking that Republicans had made up a series of fake charges against the Bidens. “Nothing to see here. Move along.”

The Washington Post, as usual, was at the front of the pack for Fake News coverage. The Post used its headline to focus entirely on Hunter’s position on the board of the corrupt Ukrainian energy company Burisma, and claimed that the report doesn’t show that the cozy arrangement “changed U.S. policy” — as if that were the only reason you would not want a vice president’s son enriching himself at the trough of foreign oligarchs.

The story then spent most of its 35 paragraphs excusing Hunter’s behavior either directly or through surrogates such as Democrat senators, and most nauseatingly by quoting Hunter Biden’s daughter, Naomi, who “offered a personal tribute to her father” in the form of a series of tweets, including the following:

“Though the whole world knows his name, no one knows who he is. Here’s a thread on my dad, Hunter Biden — free of charge to the taxpayers and free of the corrosive influence of power-at-all-costs politics. The truth of a man filled with love, integrity, and human struggles.” Oh my, that’s convincing evidence of innocence of wrongdoing. I imagine she also endorses her grandfather for president, for what it’s worth.

The three reporters who wrote the Post piece also spin the facts like whirling dervishes. They say that the report by Sens. Ron Johnson and Chuck Grassley “rehashes” known details of the matter. They quote Democrats to say without evidence that the report’s key findings are “rooted in a known Russian disinformation effort.”

The following passage in particular shows how one-sided the story is:

“Democrats argue that Johnson has ‘repeatedly impugned’ Biden, and they pointed to his recent comments hinting that the report would shed light on Biden’s ‘unfitness for office,’ as reported by the Milwaukee Journal Sentinel, to argue that the entire investigation was orchestrated as a smear campaign to benefit Trump.”

Using the “shoe on the other foot” test, can you ever imagine a similar statement being made in the Washington Post about the Trump impeachment investigation? Let’s see. How would that go?

“Republicans argue that Rep. Adam Schiff has ‘repeatedly impugned’ Trump, and they pointed to his recent comments hinting that the report would shed light on Trump’s ‘unfitness for office’ to argue that the entire investigation was orchestrated as a smear campaign to benefit Biden.”

Oh yeah, sure! The chance of reading that paragraph in the Washington Post news pages would have been absolutely zero.

Perhaps even more insidious was the decision by the editors to push the most significant news in the report to the bottom of the Post’s story. That is the lucrative relationship that Hunter Biden established in 2017 with a Chinese oil tycoon named Ye Jianming. Biden was apparently paid $1 million to represent Ye’s assistant while he was facing bribery charges in the United States.

Even more disturbing, “In August 2017, a subsidiary of Ye’s company wired $5 million into the bank account of a U.S. company called Hudson West III, which over the next 13 months sent $4.79 million marked as consulting fees to Hunter Biden’s firm, the report said. Over the same period, Hunter Biden’s firm wired some $1.4 million to a firm associated with his uncle and aunt, James and Sara Biden, according to the report.”

Then, in late 2017, “Hunter Biden and a financier associated with Ye also opened a line of credit for Hudson West III that authorized credit cards for Hunter Biden, James Biden and Sara Biden, according to the report, which says the Bidens used the credit cards to purchase more than $100,000 worth of items, including airline tickets and purchases at hotels and restaurants.”

The Post also glossed over payments received by Hunter Biden from Yelena Baturina, who the story acknowledges “is the widow of former Moscow mayor Yuri Luzhkov and is a member of Kazakhstan’s political elite.” What the story doesn’t say is that the payments received by Hunter Biden’s companies while Joe Biden was vice president totaled close to $4 million. Does anyone have even the slightest curiosity why Hunter’s companies received these payments from a Russian oligarch? As Donald Trump Jr. noted, if he had the same record of taking money from foreign nationals, he “would be in jail right now.”

In other words, the headline and the lede of the Washington Post story were entirely misleading. What readers should have been told is that there is a pattern of corruption and inexplicable enrichment in the Biden family that has continued for years and that Joe Biden has turned his back on it.

Seems worthy of the attention of the voters who will determine the nation’s leadership for the next four years. So the most important question at the debate Tuesday night is the following: Will Chris Wallace take the same cowardly path as the Washington Post, or will he demand an answer from candidate Biden as to why influence peddling, conflicts of interest and virtual money laundering are acceptable?

Based on Wallace’s track record, I’m not holding my breath that we will get either the question or the answer, but if we do, I will happily applaud him as the tough-as-nails journalist he is supposed to be.

Published:9/28/2020 8:19:10 PM
[Uncategorized] The latest “race to the Moon” may really be a race for rare earth metals

NASA offers to buy Moon resources mined by private companies. Meanwhile, a Chinese company is launching asteroid-mining robot into space in November

The post The latest "race to the Moon" may really be a race for rare earth metals first appeared on Le·gal In·sur·rec·tion.

Published:9/28/2020 8:19:10 PM
[Politics] Polls 2020: As Biden, Trump begin debates, the races in battleground states are tight

Polls show a close race in battleground states of the Midwest and South ahead of Tuesday's first debate — but Joe Biden has an edge over President Trump.

Published:9/28/2020 8:19:10 PM
[Markets] Global coronavirus death toll tops 1 million Global coronavirus death toll tops 1 million Published:9/28/2020 8:19:10 PM
[c79db100-719b-5332-8311-ba03a2d03e11] Dave Chappelle-led comedy shows canceled after ‘possible’ coronavirus exposure The final “Intimate Socially Distanced Affair” show was set to kick off on Oct. 4 before the gigs were halted. Published:9/28/2020 8:19:10 PM
[Politics] Navarro: Trump Up Against 'Four Corners' With China Policy President Donald Trump has transformed the Republican Party into a champion of blue-collar workers pitting it against interests desperate not to alienate China: tech, entertainment industries, Wall Street, and the NBA, White House trade adviser Peter Navarro says. Published:9/28/2020 7:48:57 PM
[2295b9d1-a44a-55f6-bf07-71438941d935] Ant Anstead says he and Christina Anstead 'remain good friends' as they 'navigate' split The pair tied the knot in 2018 and share a son together. Published:9/28/2020 7:48:57 PM
[Markets] Capitol Report: Pelosi, Mnuchin agree to keep talking on COVID-19 aid as Democrats unveil own $2.2 trillion bill Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi agreed to keep talking on pandemic-related aid for the economy Monday, even as House Democrats readied their own bill for a possible vote later in the week.
Published:9/28/2020 7:48:57 PM
[2020 Election] Joe Biden’s Texas Political Director Dallas Jones Accused of Illegal Ballot Harvesting

Joe Biden’s Texas Political Director Dallas Jones Accused of Illegal Ballot Harvesting. Well, that’s two ballot harvesters outed in one day. We hope the DOJ gets serious about this.

The post Joe Biden’s Texas Political Director Dallas Jones Accused of Illegal Ballot Harvesting appeared first on IHTM.

Published:9/28/2020 7:48:57 PM
[Markets] "Supply Has Been Decimated": California Mask Shortage Has Worsened Due To Wildfire Smoke "Supply Has Been Decimated": California Mask Shortage Has Worsened Due To Wildfire Smoke Tyler Durden Mon, 09/28/2020 - 20:40

N95 masks were already in hot demand when wildfires on the West Coast started blanketing the entire coast with smoke. It seems that it isn't just the pandemic that California is doing a poor job at managing - but also the state's growing wildfire problem.

The kicker is that both issues are spurring a massive demand for masks - and the state is having a shortage. 

Now, West Coast residents like Lindsey Major, who is 25 and has asthma, are desperate to find N95 masks. “You can breathe, but it’s like something weighing on your chest. My lungs felt like they were full of wet bands,” she told Bloomberg. She was able to finally get one mask after posting desperately on a Facebook group. 

The very same masks that are being recommended by the CDC to filter out Covid were "almost unfindable" as air quality on the West Coast deteriorated due to the wildfires. Supply has been "decimated".

Major (Source: BBG)

Now, with weeks to go in wildfire season, dozens of fires across California resulted in 3.7 million acres burning. Smoke from the fires has been pushed into major cities, resulting in orange skies - some photographs of which we posted days ago here

Health departments have been urging citizens to stay inside as much as possible, despite the fact that most homes lack high grade air filters. 

President Trump used the Defense Production Act back in April to force 3M to continue to make N95 masks. The company is predicting output of 95 million masks per month in October, which is up from 50 million in June. But officials from many states still claim they are having trouble purchasing PPE, including masks. 

And emergency mask shipments "are hardly making it into the hands of the general public," according to Bloomberg. Instead, many requests for masks are going directly to first responders and health-care workers. 

Jim Murphy is another West Coast resident who said he bought N95 masks back in January, but wound up giving them to relatives who were essential workers. 

“If you’re like me, and you have a couple of dogs you need to take out for walks, you have no choice but to get outside. It would sure be nice to have something that would protect you from the smoke even for short periods of time,” he said.

Aaron Bourne, the general manager at W.C. Winks Hardware in Portland, said he sold out of a shipment of 100 masks in less than 2 business days. 

Joel Kaufman, a doctor and professor of epidemiology at the University of Washington, concluded that the masks should be saved for emergency workers close to fires that have been fitted for them: “The people we worry most about -- the people with chronic lung conditions – aren’t good candidates to wear these masks, because the masks increase the amount of work it takes to get air in and out. The folks who need it the most are, sort of, the least able to tolerate wearing them.”

Published:9/28/2020 7:48:57 PM
[Politics] BOOM: Minneapolis Police announce investigation into Ilhan Omar ballot harvesting The Minneapolis Police just announced they are validating the ballot harvesting evidence against Ilhan Omar that Project Veritas exposed last night: ALLEGATIONS OF VOTER FRAUD BEING EVALUATED. ✅ The MPD is aware . . . Published:9/28/2020 7:48:57 PM
[Politics] BOOM: Minneapolis Police announce investigation into Ilhan Omar ballot harvesting The Minneapolis Police just announced they are validating the ballot harvesting evidence against Ilhan Omar that Project Veritas exposed last night: ALLEGATIONS OF VOTER FRAUD BEING EVALUATED. ✅ The MPD is aware . . . Published:9/28/2020 7:48:57 PM
[World] Social Media Is a Very Mixed Blessing for Conservatives, Especially This Year Published:9/28/2020 7:18:14 PM
[] Canadian CEO tweets that 'real patriots pay taxes,' gets an education in American history Published:9/28/2020 7:18:14 PM
[] Streisand on Amy Coney Barrett: She will "set the country back decades" Published:9/28/2020 7:18:14 PM
[World] Four ways the Equality Act would harm children

Former Vice President Joe Biden, the Democratic nominee for president, has declared passing and signing the Equality Act to be among his top legislative priorities to be completed in his first 100 days in office. This legislation, which the House of Representatives passed last year, would add sexual orientation and ... Published:9/28/2020 7:18:13 PM

[Politics] Gohmert to Newsmax TV: Dem Socialists Pushing Anti-Christian Rhetoric on Barrett Rep. Louie Gohmert, R-Texas, says Democratic socialists will be pushing anti-Christian rhetoric and denying what Christians believe in because the "government has to become God" in a socialist society.Gohmert made the comments in reference to "anti-Christian vitriol" being... Published:9/28/2020 7:18:13 PM
[Markets] The Man Who Tried To Convert The "Vampire Squid" Into A "Lovable Teddy Bear" Is Leaving Goldman The Man Who Tried To Convert The "Vampire Squid" Into A "Lovable Teddy Bear" Is Leaving Goldman Tyler Durden Mon, 09/28/2020 - 20:00

Five years ago, when Goldman made a historic pivot away from its prop and flow trading, investment banking and central banker incubating bread and butter, and into a consumer digital deposit and lending platform via "Marcus", it prompted a lot of raised eyebrows across Wall Street and at Goldman Sachs itself, where the strategy shift "was initially met with cynicism from some of Goldman’s own investment bankers, who openly derided it."

Yet despite the snickers that Goldman was becoming a subprime lender to offset its declining capital markets dominance, Marcus plowed ahead with new offerings and partnerships, and got a lift from the industry’s deposit windfall this year. According to Bloomberg, it is on the cusp of generating $1 billion in annual revenue (which remains a small fraction of the bank's tally of roughly $40 billion.

Yet not everything appears to be going to plan at 200 West Street, because as Bloomberg reports, the banker who was instrumental in spawning and helping guide Goldman’s tentacular embrace of Main Street is giving up his post in a management shuffle at the consumer unit.

Harit Talwar, who Bloomberg describes as "the face of Goldman’s five-year-old dive into mom-and-pop banking" is leaving the investment bank and Omer Ismail will take over as the new global consumer head.

Talwar joined Goldman in 2015, when former CEO Lloyd Blankfein first sketched out his plans for a new consumer-facing business line which now include an Apple co-branded credit card, a "high yield" deposit account (which pays a whopping 0.60% in interest), and a consumer lending division, all under the Marcus umbrella. The 59-year-old Talwar previously headed the US cards division for Discover Financial and spent 15 years at Citigroup with roles tied to cards, loans and retail banking.

According to Bloomberg, he had to be coaxed into joining the Wall Street titan, initially unsure of Goldman’s commitment to a strategy pivot. He probably regrets his decision in retrospect.

That said, Marcus continues to grow, albeit slowly (taking market share from other banks has proven difficult), which begs the question what may have prompted his departure? One possible answer is that Talwar pitched the online offering as a “lovable teddy bear,” in contrast to the “vampire squid” moniker the firm got stuck with courtesy of Matt Taibbi immediately following the financial crisis.

Under Talwar, Goldman tried to develop a reputation for its consumer business distinct from the one earned by its traditional dealings in high finance which are - shall we say - unsavory, including using a brand that tries to remove the Goldman association (the Marcus name was a nod to Marcus Goldman, a German immigrant who founded the firm in 1869).

Joking aside, what may have done Talwar in appears to be the oldest reason in the book: egos. As Bloomberg notes, some executives expected the consumer business to grow as a separate division that would express Goldman’s devotion to what it called a startup inside a 150-year-old firm. "But CEO David Solomon sprung a surprise on the operation earlier this year when he folded the consumer unit into the group that also includes wealth and asset management, clipping its standing as an independent business line."

Published:9/28/2020 7:18:13 PM
[Entertainment] Disney's New Minnie Mouse Collection Is Ear-resistible! E-Comm: New Disney MerchWe love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not E!. As...
Published:9/28/2020 7:18:13 PM
[Artificial Intelligence] XtalPi lands massive $319M SoftBank-led round C to continue its high-tech drug discovery XtalPi, an American-Chinese biotech firm that focuses on AI-assisted drug discovery, has raised a $319 million round C from a slate of enthusiastic investors led by SoftBank’s Vision Fund. It joins numerous others with 9-figure rounds in what is clearly a valuable and competitive space. XtalPi works with major pharmaceutical companies like Pfizer that need […] Published:9/28/2020 7:18:13 PM
[Politics] 8 Memorable Moments From Past Presidential Debates

In what has been an unusual election year because of the COVID-19 pandemic—fewer big rallies and no giant conventions—President Donald Trump and former Vice President... Read More

The post 8 Memorable Moments From Past Presidential Debates appeared first on The Daily Signal.

Published:9/28/2020 7:18:13 PM
[] Quarantine Cafe: New College Mascot Edition BetaC#ck4Life linked this clip of a comedian infiltrating a university's zoom conference to pick a new school mascot. Also: VIDEO PROOF OF TRUMP MANHANDLING A WOMAN!!! We should all appreciate Twitter. Never in human history has there been a more... Published:9/28/2020 7:18:13 PM
[] Hunt that blackie? China's state-run press agency has some nerve telling the US to fight racism Published:9/28/2020 6:48:03 PM
[] The Brad Parscale bodycam arrest video Published:9/28/2020 6:48:03 PM
[Entertainment] See the Dancing With the Stars Cast In Their Disney Night Best AJ McLean, Cheryl Burke, Dancing with the Stars, Disney NightYou may not be able to ride Space Mountain or get a Mickey pretzel, but you can still enjoy some Disney from the safety of your own home with some help from Dancing With the Stars....
Published:9/28/2020 6:48:02 PM
[Politics] House Democrats Release Pared-Back $2.2T Stimulus Proposal House Democrats released a $2.2 trillion proposal to extend support to the U.S. economy in face of the continuing damage from the coronavirus pandemic.The plan follows through on discussions last week to prompt a last-ditch attempt at negotiations with the White House to... Published:9/28/2020 6:48:02 PM
[TC] Gillmor Gang: Over 2 U The pandemic shook up our and virtually every other video news production process as Zoom became the focus of our daily lives; slowly but surely we’ve altered the production process to reflect Zoom’s easy on boarding and semi-casual approach to virtualized meetings and conversations. We now use a series of interweaved services to broadcast the […] Published:9/28/2020 6:48:02 PM
[44c654ad-5604-57c9-9023-b1f5c1fb733d] Dax Shepard says he's 'really, really grateful' for fans' support after revealing relapse The star previously explained that he had been sober for 16 years.  Published:9/28/2020 6:48:02 PM
[News] US Lawmakers Propose Airplane Certification Reforms After Fatal Boeing Crashes The committee is set to vote on Wednesday on the proposed legislation that would require U.S. aircraft manufacturers to adopt safety management systems and requires an expert review panel to evaluate Boeing's safety culture and make recommendations for improvements. Published:9/28/2020 6:48:02 PM
[Donald Trump] More On Trump’s Taxes (John Hinderaker) Steve beat me to this, I see, but here are a few additional comments on the New York Times’s felony du jour. Well, to be fair, they just aided and abetted the felony. Maybe someday that will be illegal. First, I doubt whether anyone cares. Donald Trump has been president for four years, and if you think he has done a good job (as I do), you are hardly going Published:9/28/2020 6:48:02 PM
[Markets] Here Are 4 Potential Hotspots Where The Next World War Could Erupt At Any Time Here Are 4 Potential Hotspots Where The Next World War Could Erupt At Any Time Tyler Durden Mon, 09/28/2020 - 19:40

Authored by Robert Wheeler via The Organic Prepper blog,

If 2020 had a slogan, it would be “The Year Of Our Discontent.” This sentiment is felt in virtually every country globally as national governments declare war on their economy, the working class, the poor, and the very old and the very young. In America, the “discontent” is genuine.

Already reeling from a mass propaganda campaign of division created by the MSM corporate outlets, Americans were still attempting to claw their way out of an economic depression with some success.

Then, of course, came COVID.

China engaged in a massive police state repression of what few individual liberties existed, locking residents in their apartment buildings, disappearing doctors, and, allegedly, patients themselves. Australia and Western Europe joined in the hysteria, with Australia attempting to become as totalitarian as the Chinese and mainly succeeding.

Western Europe engaged in the biggest propaganda campaign since the war in Iraq and the United States. Locked in some media manipulated struggle, Western Europe saw its governments shut down their economies, deploy National Guard troops, enforce lockdowns, and wear masks for their states’ populations.

As a result of the implementation of Communo-Fascism, the world’s economy tanked, shrank, and may never come back as long as these governments and “leaders” remain in power.

In America, however, amid the economic collapse and COVID hysteria, a new threat has emerged.

Almost every major city in America is experiencing violence on a nightly basis. Riots, physical assaults, vandalism, and street clashes are becoming ordinary. Some conflicts are deadly as the “right” begins to fight back against the attacks of the “left.” We’re seeing armed conflict in our streets on an increasingly regular basis.

For those living in America, the civil war, societal disruption, and chaos sowed overseas for so many years appear to be germinating back home.

In other words, the empire appears to be collapsing as they all inevitably do.

But, when empires collapse, they often leave a vacuum. At the very least, they present opportunities to other powers and, especially, other empires.

In addition to America’s problems at home, it appears the entire world might be sleepwalking into a third World War and yet another “restructuring” of the world order. Seemingly localized incidents have an international and global root, and the reverberations will be felt across the entire planet.

While most people alive today might believe that the first World War was a direct result of the assassination of Franz Ferdinand, the truth is somebody laid the groundwork for that war years prior. Indeed, even after the assassination, the sparks did not immediately fly. As Historian Christopher Clark wrote, the world was “sleepwalking” into one of the greatest catastrophes of the 20th Century.

It took over a month before the first shots of the war were truly fired after the assassination. In the meantime, the world’s population carried on as it had prior – going to work, going to school, engaging in business, etc. Politicians crowed about national dignity and others about retribution. In a sense, once the initial shock of the assassination had worn off, life continued as usual until it didn’t.

It is now entirely possible that we find ourselves in just the same type of situation.

While the world’s people are focused on a virus and America teeters on the brink of a civil war, the world’s governments are positioning themselves for a global conflagration, the likes of which we have never seen if for no other reason that the existence and proliferation of nuclear weapons.

Below are just a few examples of the world’s current hotspots that could, at any moment, drag the entire globe into a military confrontation.

Armenia | Azerbaijan

The Armenia/Azerbaijan conflict continues apace. Both sides have fired at one another repeatedly over the past few years. On Sunday, however, the situation erupted and an official state of war was declared in the region.

Zero Hedge reports:

“Early in the morning, around 7 a.m. the Azerbaijani forces launched a large-scale aggression, including missile attacks…” Armenia’s Defense Ministry stated Sunday. Armenia has since reportedly declared martial law and a “total military mobilization” in what looks to be the most serious escalation between the two countries in years.

Air and artillery attacks from both sides ramped up, with each side blaming the other for the start of hostilities, while international powers urge calm. Crucially, civilians have already been killed on either side by indiscriminate shelling. At least a dozen soldiers on either side have also been reported killed.

Armenia’s high command has ordered all troops throughout the country to muster and report to their bases: “I invite the soldiers appointed in the forces to appear before their military commissions in the regions,” a statement said. (source)

While previously avoiding large-scale military clashes, there is potential to bring in much more significant players – Russia and Turkey and NATO itself- as both nations are acting as patrons and weapons suppliers to the Armenians Azeris. Read the article, “Regional Conflict Brewing In Azerbaijan, Armenia,” to get a clear understanding of the conflict taking place.

United States | Russia

Although things might not appear as dangerous today as they did during the time period of Obama’s “red lines” in Syria and the highest point of American provocation in Ukraine, 2020 has marked direct, albeit minuscule, skirmishes between Russians and Americans in Syria.

Incidents of fistfights followed numerous Russian and American refusals to allow others to pass through checkpoints. American and Russian soldiers have intentionally run each other’s patrols off the road, resulting in injuries. It is now commonplace for these forces to collide in this manner, with one or the other being forced off the highway by a slightly more substantial contingent of opposing forces, complete with helicopters circling overhead.

Even if the Russian and American militaries’ strategy is to “let boys be boys,” how long will it be before those boys decide to fire on one another?

Of course, there is a second front where the United States and Russia could potentially find themselves in a military conflict, one even more dangerous than Syria. After all, Ukraine is on the border of Russia and, for that reason, an immensely more important region. Russia maintains a covert force in Eastern Ukraine.

In contrast, the United States maintains troops in Western Ukraine, and shelling still occurs regularly between the Western and Eastern sides. Any major incident between the two would have cataclysmic repercussions for the world. While Russia might not go all the way to defend Syria, it will absolutely do so in Ukraine.

China | India | South East Asia | Japan | United States

While analysts seem divided on China’s question – some argue China is a victim of US imperialism, while others see it as the root of all evil – the truth is somewhere in between.

China and the US are unquestionably at odds with one another. However, China is every bit as much an empire as the United States, and it is much more adept at playing the long game.

However, recently, as the Trump administration in the United States begins calling out unfair trade practices, WTO favoritism, and Free Trade policies and attempting to bring jobs back to the United States from Chinese sweatshops, China has responded more traditionally.

From retaliatory and targeted tariffs (fair enough) to alleged cyber attacks, China is responding. However, the Chinese response has come in the form of traditional military tactics and preparing for “unrestricted warfare” with the United States. In other words, war with no rules.

But China has also increased its aggression against its Asian neighbors in the east, most notably Japan and Vietnam. Chinese friction with Japan is perhaps the most well known, and it centers around the Senkaku Islands (Diaoyu in China). Also, China is attempting to extend its borders in the South China Sea by creating artificial islands to stretch its maritime claims.

Japan is now openly preparing for war with China, having changed its Constitution to allow its army to operate overseas and begin planning stages for a defensive strategy of offense.

Its tensions with Vietnam and the Philippines also stem from a desire to impose its empirical desires upon those sovereign governments generally within the orbit of the United States.

Taiwan has always been a sore spot with China, with PROC maintaining that it’s the ultimate goal is “liberation” and return of Taiwan to mainland China. However, recently, China has become even bolder in its claims, threatening imminent war to reclaim Taiwan.

Greece | Turkey

Greek and Turkish relations have always been tense. Yet, Western audiences persist in believing they are outside of history and that any Euro-Med country is beyond the point of starting pointless wars.

However, Turkey’s moves in the Mediterranean in 2019 (signing a maritime treaty with Libya involving Greek waters and islands without informing Greece) and attempting to explore for gas and oil in Greek territorial waters have led to several face-offs between the two countries, including some alleged and unconfirmed clashes between naval and coast guard forces.

A war between Turkey and Greece would necessarily involve the rest of Europe, as evidenced by the fact that France has already sent token air support to the region to deter Turkey.

Of course, Germany’s close relationship to Turkey may not put it on the side of Europe and possibly raise tensions between France and Germany if the conflict goes too far. Europe may very well find itself in yet another inter-European quagmire with the wildcards of NATO, US, Russia, and the ironically capitalistic Chinese waiting in the wings.

Conclusion

This is by no means an exhaustive list of conflicts shaping up around the world. It is merely a glimpse into some of the more significant possibilities that might launch this planet into a repeat of 1914 when the modern world was sleepwalking into the greatest catastrophe it had yet to see.

We can no longer afford to continue sleepwalking. Like the first World War, a new world will undoubtedly rise out of the ashes. But these ashes will be nuclear, and the world will be far different from the one in 1919.

The building blocks for that world are already in place, but that is a topic for another article.

Published:9/28/2020 6:48:02 PM
[2020 Election] Civilian Voters Across Queens Receive Military Mail-In Ballots

Residents across Queens reported receiving military-use mail in ballots for the 2020 presidential election despite not having served in the military, the New York Post reported Monday.

The post Civilian Voters Across Queens Receive Military Mail-In Ballots appeared first on Washington Free Beacon.

Published:9/28/2020 6:19:54 PM
[Entertainment] Lucy Hale Embraces the "Feistiness of a Redhead" With Bold New Hair Color Lucy Hale, Milan Fashion Week, WTF widgetLucy Hale is rocking a fiery new look thanks to hair stylist Kristin Ess. The Katy Keene star debuted the new 'do on her Instagram this Monday, writing alongside a video, "did a...
Published:9/28/2020 6:19:54 PM
[Entertainment] Angela Chen’s ‘Ace’ reveals what it means to be asexual in a society obsessed with sexuality Chen writes about more expansive ideas of connection in a world that values romantic partnerships above all others. Published:9/28/2020 6:19:54 PM
[Uncategorized] Report: Pelosi Preparing For House Decision On Presidential Election

"how many state delegations the Democrats win in this upcoming election could determine who our next president is."

The post Report: Pelosi Preparing For House Decision On Presidential Election first appeared on Le·gal In·sur·rec·tion.

Published:9/28/2020 6:19:54 PM
[Markets] Democrats Release New $2.2 Trillion Stimulus Proposal With $417BN In State And Local Aid Democrats Release New $2.2 Trillion Stimulus Proposal With $417BN In State And Local Aid Tyler Durden Mon, 09/28/2020 - 19:00

Late on Monday, in an apparent attempt to break the covid fiscal stimulus impasse in Congress but without actually providing a tangible compromise, House Democrats released a fresh $2.2 trillion coronavirus relief bill proposal, which Nancy Pelosi said was a "compromise measure that reduces the costs of the economic aid" which will allow the Democrats to go to the public and say "we tried, the Republicans killed it."

The plan follows through on discussions last week to prompt a last-ditch attempt at negotiations with the White House to break an impasse on Covid-19 relief that’s lasted since early August.

In a letter to Democratic lawmakers released by Pelosi’s office, she said the legislation “includes new funding needed to avert catastrophe for schools, small businesses, restaurants, performance spaces, airline workers and others.”

“Democrats are making good on our promise to compromise with this updated bill,” she said. “We have been able to make critical additions and reduce the cost of the bill by shortening the time covered for now.”

The problem is that since the total bill remains at a level that Senate Republicans have previously rejected. Furthermore, the proposal also includes $238 billion for State Fiscal Relief and $179 billion in Local relief, both of which Trump has previously said remains a non-starter.

  • State Fiscal Relief – $238 billion in funding to assist state governments with the fiscal impacts from the public health emergency caused by the coronavirus, including $755 million in CARES Act Coronavirus Relief Fund repayment for the District of Columbia.
  • Local Fiscal Relief – $179 billion in funding to assist local governments with the fiscal impacts from the public health emergency caused by the coronavirus.

Shortly after the bill was published, Pelosi and Treasury Secretary Mnuchin spoke at 6:30 p.m. via phone according to press reports. The two agreed to speak again tomorrow morning.

While the latest Democrat proposal has a virtually nil chance of passing, readers can read the 87 proposal in its entirety below (pdf link):

Published:9/28/2020 6:19:54 PM
[Markets] IPO Report: McAfee files for return to public markets McAfee Corp. is seeking a return to being a public company, according to a filing with the Securities and Exchange Commission late Monday.
Published:9/28/2020 6:19:54 PM
[Volokh Conspiracy] [Eugene Volokh] Mother's "Islamophobic" Remarks About School Board Member Yield Ban from School District Property (at least unless she gets case-by-case permission to enter that property). But a federal district judge has correctly held that this likely violated the First Amendment. Published:9/28/2020 6:19:54 PM
[Politics] Biden Gets Nobel Nomination, Joining Trump Former Vice President Joe Biden will compete with President Donald Trump on another front, after a European lawmaker on Monday nominated the Democratic presidential nominee for the Nobel Peace Prize.Biden was nominated for the award by Chris Bryant, a Labour Party member of... Published:9/28/2020 6:19:54 PM
[Politics] Politico launches laughable hit job on Amy Coney Barrett’s Catholic faith The other day I read a piece in the National Review that was entitled “Get Ready to Hear A Lot about People of Praise”. In that piece Alexandra Desanctis explains that there . . . Published:9/28/2020 6:19:54 PM
[Politics] Politico launches laughable hit job on Amy Coney Barrett’s Catholic faith The other day I read a piece in the National Review that was entitled “Get Ready to Hear A Lot about People of Praise”. In that piece Alexandra Desanctis explains that there . . . Published:9/28/2020 6:19:54 PM
[] Biden's Political Director in Texas is Implicated in Massive -- Massive -- "Ballot Harvesting" Fraud I wish the media and the NeverTrump traitors would spend 1% of the time on insisting on a clean and legal election as they do in demanding that Trump concede no matter what the outcome, or how it was purloined.... Published:9/28/2020 6:19:54 PM
[] Jill Biden tells CNN's Jake Tapper he 'can't even say the word gaffe' when speaking about Joe Published:9/28/2020 5:47:40 PM
[f95c5c2a-ab8d-5783-b309-d306fc7458d0] Joe Exotic special looks at ‘Tiger King’ star's life before the fame Exotic is serving 22 years on animal abuse charges and as a conspirator in a murder-for-hire plot against his nemesis Carole Baskin. Published:9/28/2020 5:47:39 PM
[Democrats] NYC Principals’ Union Votes ‘No Confidence’ in de Blasio’s School Reopening Plan

New York City's principals' union declared a vote of no confidence in Mayor Bill de Blasio for his plan to reopen schools on Sunday and demanded the mayor turn over control of the city's schools to the state education department. 

The post NYC Principals’ Union Votes ‘No Confidence’ in de Blasio’s School Reopening Plan appeared first on Washington Free Beacon.

Published:9/28/2020 5:47:39 PM
[Politics] Liberal Women's Groups Decry Barrett Liberal women's groups have issued statements slamming Supreme Court nominee Amy Coney Barret as "ultra conservative" and a "clear and present threat" while six of her former students penned an op-ed calling her someone that teaches "integrity and virtue."... Published:9/28/2020 5:47:39 PM
[Politics] Dr. Scott Atlas fires back at CDC chief over harsh criticisms Today it was reported by NBC News that CDC Director Dr. Robert Redfield was overheard criticizing Dr. Scott Atlas who sits on Trump’s coronavirus task force, saying “everything he says is false”: . . . Published:9/28/2020 5:47:39 PM
[Politics] Dr. Scott Atlas fires back at CDC chief over harsh criticisms Today it was reported by NBC News that CDC Director Dr. Robert Redfield was overheard criticizing Dr. Scott Atlas who sits on Trump’s coronavirus task force, saying “everything he says is false”: . . . Published:9/28/2020 5:47:39 PM
[Apps] Daily Crunch: Judge delays TikTok ban Americans can continue using TikTok for now, Google updates its developer policies and Uber gets approval to resume operations in London. This is your Daily Crunch for September 28, 2020. The big story: Judge delays TikTok ban The saga continues! The Trump administration’s ban on TikTok was scheduled to take effect today — but over […] Published:9/28/2020 5:47:39 PM
[2020 Presidential Election] Trump Confesses to the NY Times Tax Story (Steven Hayward) Have you heard—Donald Trump admits that he takes advantage of the tax code to minimize his taxes! And he’s even admitted it to the New York Times! Here’s the scoop: Donald Trump Acknowledges Not Paying Federal Income Taxes for Years Donald J. Trump explicitly acknowledged for the first time during Sunday’s debate that he used a $916 million loss that he reported on his 1995 income tax returns to avoid Published:9/28/2020 5:47:39 PM
[Markets] California EV Mandate Could "Lead To Disaster" For State's Already Fragile Electric Grid California EV Mandate Could "Lead To Disaster" For State's Already Fragile Electric Grid Tyler Durden Mon, 09/28/2020 - 18:40

Now that genius California lawmakers have mandated that all cars in the state must be electric by 2035, it seems like a good time to ask what, exactly, this is going to do to the state's already fragile power grid.

In what will likely come as a surprise to lawmakers who we can almost guarantee didn't think about this in advance, it turns out that electrifying all of the state's vehicles could be "an immense burden" on the state's grid, according to Bloomberg.

In fact, this past week's executive order could drive up power demands in the state by as much as 9.5% over the next 10 years and 25% by 2035. This could be a "nightmare" scenario for a state where power is often so tight that rolling blackouts are ordered to prevent the system from collapsing during heat waves.

Additionally, if everyone were to plug in their vehicles at the same time, at night, the problem could be concentrated and even worse.

Erica Bowman, director of resource and environmental planning and strategy at utility Southern California Edison said: "It could go either way. It really depends on planning."

What planning means is the idea that people would have to stagger when and how they plug in their vehicles for charging, taking into account when the state's solar energy kicks in and when wind power peaks. Ah, yes, what a wonderful quality of life California offers, where you'll soon have to ask permission to plug in your car just to get from point A to point B. 

Everyone plugging their car in at 6PM after work could "lead to disaster", according to the report. It's the same time everyone also decides to turn on their air conditioning, stoves and televisions. At the same time, solar power plunges around sunset, forcing gas plants to pick up the slack. If gas plants are down or there's no imports available, you wind up with a rolling blackout scenario, like the state had last month.

Jules Kortenhorst, chief executive officer of the Rocky Mountain Institute, said cars will have to "talk to the grid" to figure out when the best time to charge is: “The car will talk to the grid. ‘It’s 6 pm. Wait 15 minutes, because I’m crunched a bit.’ You won’t spend a second thinking about it.”

Californians bought about 1.9 million cars and light duty trucks last year. The state will simply need more power if it mandates that they are all EVs going forward. It will also need to deploy charging stations much faster than it has in the past.

Pedro Pizzaro of Edison International concluded: “It’s not doable a year from now, but it is doable a decade from now. And that gives society time to deploy infrastructure for chargers and get consumers comfortable.”

And California citizens, already leaving the state in droves due to rising taxes, will be on the hook to pay for it all. But hey, back to saving the planet at all costs!

 

Published:9/28/2020 5:47:39 PM
[World] The Truth About Islamic Law Published:9/28/2020 5:17:32 PM
[] Completely unbiased and neutral and not-at-all rooting for a side political reporter has no problem running campaign ads for Joe Biden Published:9/28/2020 5:17:32 PM
[Politics] FDA Official: White House Could Block Guidance on Vaccine A top official at the Food and Drug Administration said Monday the White House could prevent the agency from releasing stricter guidelines for a coronavirus vaccine, Politico reports. Published:9/28/2020 5:17:32 PM
[Left Column] Statistician Dr. Kevin Dayaratna testifies to Congress: Govt climate models reveal CO2 emissions may be a net benefit to society
Published:9/28/2020 5:17:32 PM
[IJR] Michael Cohen Says Trump Is Afraid of ‘Tax Fraud’ Charges After Reports on His Taxes Cohen spent years as Trump's lawyer before flipping against him. Published:9/28/2020 5:17:32 PM
[Entertainment] Spice Girls' Melanie C Recalls "Cruel and Heartless" Tabloid Treatment in Revealing Essay Melanie Chisholm, The BRIT Awards 2020Sporty Spice is getting candid about "the lows of being famous." In a heartbreaking essay penned in The Guardian on Saturday, Sept. 26, Melanie C (short for Chisholm) revealed...
Published:9/28/2020 5:17:32 PM
[d8caa637-72f9-5444-842d-ec79a8a22b72] ‘Top Chef’ to resume production in Portland with COVID-19 protocols in place, network says The series’ top judging talent Padma Lakshmi, Tom Colicchio and Gail Simmons are also returning and this season the show will implement a rotating panel of “Top Chef” alums for the first time ever. Published:9/28/2020 5:17:32 PM
[Security] Understanding the Chinese Challenge to the United States

This article is an excerpt from the “2020 Mandate for Leadership: A Clear Vision for the Next Administration.” It looks back at policy decisions made... Read More

The post Understanding the Chinese Challenge to the United States appeared first on The Daily Signal.

Published:9/28/2020 5:17:32 PM
[National Security] UAE Says Iranian Aggression Prompted Peace Deal With Israel

A top official for the UAE said that his country sought peace with Israel due to the growing threat posed by Iran, the Associated Press reported Friday.

The post UAE Says Iranian Aggression Prompted Peace Deal With Israel appeared first on Washington Free Beacon.

Published:9/28/2020 5:17:32 PM
[Markets] Daily Briefing - September 28, 2020 Daily Briefing - September 28, 2020
Tyler Durden Mon, 09/28/2020 - 18:10
Real Vision senior editor Ash Bennington hosts managing editor Ed Harrison to make sense of the biggest 3-day breakout in equities since April. Through the lens of Ed’s most recent piece in "Credit Writedowns." Ed and Ash explain why low interest rates tend to make growth stocks more valuable relative to value stocks, and why the recent rally in small-cap value stocks might be short-lived. Ed looks forward to his interview with hedge fund legend Leon Cooperman, which airs tomorrow, on Tuesday, September 29. The pair also discuss discount rates, portfolio rebalancing, and endogenous credit creation.
Published:9/28/2020 5:17:32 PM
[] "Shocking" Reversal-of-Forecast for Oregon's State Finances: Instead of Being $2 Billion Short, Oregon is Now Forecasted to Have Two Billon Extra In This Two-Year Budget Cycle No word from Pixy about the comments yet. I'll let you know when he does reply. From The ARC of History: A straw in the wind for Trump: In April, the economists working for the State of Oregon predicted a... Published:9/28/2020 5:17:32 PM
[] Send a social worker? Bodycam footage shows Brad Parscale being tackled by cops Published:9/28/2020 4:47:12 PM
[] CDC chief overheard saying of new Trump COVID advisor Scott Atlas, "Everything he says is false" Published:9/28/2020 4:47:12 PM
[Markets] US STOCKS-Wall Street closes higher as energy, financials lead broad rally All three major U.S. stock indexes made solid gains on the heels of the longest weekly losing streak in over a year for both the S&P 500 and the Dow. "Today's market is being led by energy and financials, but it's a very well-balanced market," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. Published:9/28/2020 4:47:12 PM
[The Courts] People of Praise Accuser Has Long History Of Far-Fetched Lawsuits and Online Partisanship

An Oregon woman with widely aired allegations against the People of Praise, a Christian charismatic group to which Supreme Court nominee Amy Coney Barrett is connected, has a track record of hyper-partisan online posting, farfetched lawsuits, and fantastic grievance peddling that casts doubt on her credibility.

The post People of Praise Accuser Has Long History Of Far-Fetched Lawsuits and Online Partisanship appeared first on Washington Free Beacon.

Published:9/28/2020 4:47:12 PM
[Entertainment] One of 3 Police Officers Involved in Breonna Taylor's Fatal Shooting Charged Breonna TaylorUPDATE: Former police detective Brett Hankison pleaded not guilty to three counts of first-degree wanton endangerment in a Kentucky courtroom on Monday, Sept. 28. Jefferson County Circuit...
Published:9/28/2020 4:47:12 PM
[Politics] Former Louisville Detective Pleads Not Guilty in Breonna Taylor Case The only police officer indicted after the killing of Breonna Taylor in Louisville, Kentucky, during a botched raid pleaded not guilty on Monday on three counts of wanton endangerment of Taylor's neighbors, local media reported. Former detective Brett Hankison was indicted... Published:9/28/2020 4:47:12 PM
[IJR] Joe Biden Adds Cindy McCain To the Advisory Board of His Transition Team McCain joins the board alongside Pete Buttigieg and Sally Yates. Published:9/28/2020 4:47:12 PM
[eCommerce] Amazon launches a $4.99-per-month ‘personal shopper’ service for men’s fashion Amazon is introducing a personal shopping service for men’s fashion. The service, now available to Prime members, is an expansion of the existing Personal Shopper by Prime Wardrobe, a $4.99 per month Stitch Fix rival, originally aimed at women. With Personal Shopper by Prime Wardrobe, an Amazon stylist selects an assortment of fashion items that […] Published:9/28/2020 4:47:12 PM
[Left Column] NATO Secretary General: NATO must combat climate change – ‘It is my responsibility to address the threat climate change poses to our shared security’

NATO Secretary General Jens Stoltenberg: "Climate change is making the world more dangerous. NATO’s task is to preserve peace and keep us safe. So to fulfill our main responsibility, NATO must help to curb climate change for our security today and for the security of future generations." 

"I have been passionate about climate change all of my life. My first job in government was as Deputy Environment Minister, and I had the privilege of serving as UN Special Envoy on Climate Change. Now, as NATO Secretary General, it is my responsibility to address the threat climate change poses to our shared security. Climate change is one of the biggest challenges of our time."

#

‘Global warming’ causes war claims — debunked – ‘Warm periods are more peaceful than cold ones’ – Bonus Chapter #2 for Politically Incorrect Guide to Climate Change  - Excerpt: The climate activists have it backward. A 2011 study from the Center for Strategic and International Studies titled “The Climate Wars Myth” found, “Since the dawn of civilization, warmer eras have meant fewer wars.” As author Bruno Tetrais explained, “History shows that ‘warm’ periods are more peaceful than ‘cold’ ones." 

Published:9/28/2020 4:47:12 PM
[Markets] Evergreen Gavekal: Investors' Guide To The 2020 Election Evergreen Gavekal: Investors' Guide To The 2020 Election Tyler Durden Mon, 09/28/2020 - 17:40

Via Evergreen Gavekal blog,

INTRODUCTION

With the 2020 US Presidential election fast-approaching, many investors are likely wondering how November's election results will shape markets and the economy in the months and years ahead. In this quarter's version of Evergreen Roundtable, we are offering different viewpoints from several members of our investment team on six important questions related to the 2020 US Presidential election:

  1. What equity sectors benefit from a Biden v. Trump victory?

  2. Would a Biden presidential triumph hurt stock prices?

  3. What are the most important issues (from an investment implication standpoint) the next POTUS will face? (Tax reform, health care reform, more Covid-19 related regulations, climate change agenda, China policy, etc)

  4. What is the likelihood of a unified government and how will that impact future policy reform?

  5. Under a Joe Biden presidency, how would this affect US energy policy and our view towards both energy and renewable energy investments?

  6. Please discuss individual and corporate tax changes under both Biden and Trump along with any potential changes to taxes on capital gains, inheritance, & wealth, along with any adjustments to tax credits?

Evergreen’s investment decisions are not made by any single individual. Instead, our team confers nearly every business day to discuss our various investment strategies. This team consists of people with very different lenses through which they view the world and, oftentimes, these daily investment discussions become quite “spirited.” We foster the competition of ideas. Evidence and logic outweigh seniority or rank.

Jeff Eulberg (Managing Director, Family Office, Partner), Jeff Dicks (Director of Portfolio Management), Tyler Hay (Chief Executive Officer), and Mark Nicoletti (Managing Director, Family Office) all weigh in on this special edition newsletter. As always, we welcome your feedback and appreciate your loyal readership.

WHAT EQUITY SECTORS BENEFIT FROM A BIDEN V. TRUMP VICTORY?

Tyler Hay 

Many investors are counting on the presidential election to be a pivotal event for equity markets. This may be true in some areas, but as a whole, I think this viewpoint misses the mark. Instead, I’ve directed my focus to the effects of fiscal versus monetary policy. Said more simply: the stock market has returned on average 14.5% per year from 2009-2019, while over the same time period, workers’ wages have only increased 2.9%. Meaning Wall Street and those people who own assets (real estate, stocks, bonds, etc.) have seen a massive surge in wealth following the Great Recession while the average worker has been left in the dust.  

Regardless of which candidate wins, either will almost certainly be forced to face this reality. I can think of a number of ways whoever is elected may choose to address this growing wealth gap. There’s a punitive approach, in which you try to slow down the success of the “winners”. This could manifest itself in raising taxes on the wealthy. The reason that I think a “wealth tax” is likely is that Biden’s most recent tax plan clearly looks to be headed in this direction. Another punitive approach would be the pursuit of antitrust regulations aimed at some of the tech giants. While the merits of antitrust regulation or higher taxes should remain a topic for another day, the pursuit of either policy would likely not be welcomed news for the stock market. More benign tactics to address the disparity in wealth could be an increase in the minimum wage, a universal basic income, and a national infrastructure upgrade similar to Roosevelt’s WPA, or Works Progress Administration, a key part of his New Deal. (The latter being most pragmatic in my view.) Instead of focusing on who wins the election, I’d advise investors to focus on how each candidate proposes tackling the growing wealth gap, which is the real elephant in the room for markets. 

Mark Nicoletti 

Should the President prevail in November, the original post-Hilary ‘Trump trade’ from four years ago will probably still hold this time. Which stocks are poised to do well on the premise of tax cuts and deregulation? Financials, energy, and more broadly value stocks, should thrive. However, this rosy scenario carries one major potential asterisk: a re-escalation in the trade war with China. Post a Trump re-election, the dollar will likely strengthen temporarily, as it did four years ago. 

The Biden trade, as stated above, hinges in my opinion on the presumption of a Blue Wave. His plan to raise corporate taxes from 21% to 28% is, and should be, one of any prudent investor’s major concerns. His policies would be bullish for publicly- traded pass-through tax entities, including REITs (which are not required to pay corporate taxes). If you examine how stocks have been moving this summer in response to odds for a Biden victory, it’s telling. Relative to the market as a whole, technology, consumer discretionary, communication services, and healthcare have all outperformed when the polls have favored Biden. Meanwhile, financials, industrials, and energy have all tended to move inversely. This scenario is the exact opposite of what happened after the Trump victory in November ’16 when cyclical stocks outperformed and defensive sectors (excluding tech) lagged behind.

WOULD A BIDEN PRESIDENTIAL TRIUMPH HURT STOCK PRICES?

Mark Nicoletti 

As do most of my peers, in some way or another, I interface with our firm’s clients on a regular basis. My unscientific opinion is that there are three predominant issues on the minds of our client base. They are, in order of concern: 1) The election 2)The pandemic 3)The Fed’s policies. 

Although I’ve definitely learned more from our clients than they have from me over the years, I would argue these sentiment readings are in reverse order to the threat they potentially pose to portfolios. 

Among them, I believe the Fed’s easing policies (still) have the most potential impact on asset prices, followed by the backdrop of the ongoing pandemic, and lastly the election results. I’m not suggesting the markets won’t rally on a Trump victory or a working vaccine coming to market - they probably will. I’m also not suggesting investors shouldn’t prepare as effectively as possible for the upcoming election - they absolutely should. I’m simply suggesting that, although political uncertainty will always cause market volatility, the fundamental impact of a Biden victory is not the most critical market input. 

The reality is that Biden’s manifesto contains multiple policies that could safely be described as business-unfriendly, such as tax increases and regulation, which can weigh on corporate profitability. However, this same manifesto is also likely to include additional rounds of fiscal stimulus. While I acknowledge the likelihood of a negative short-term impact on risk assets resulting from a Biden victory, I think it might be short-lived. 

Time will tell. 

This election comes at one of the more turbulent times America and, indeed, the world has seen in decades. The ongoing pandemic, social unrest, and bipartisanship are (or should be) all clear concerns, but, given the fact that an unprecedented number of Americans are expected to vote by mail, there is a material risk that any election result is contested. That sort of chaos, which I’d call likely, is almost certain to cause a market selloff. During the 5-week Bush-Gore fiasco in 2000, the market dropped 12%. 

Jeff Eulberg 

In order to anticipate market swings, we must first do our best to understand current market expectations. Depending on the National poll, Biden holds anywhere from a 4% to 10% lead over Donald Trump. Yet, important swing states are much tighter, and the electoral map is far from a slam dunk for Biden. Beyond paying close attention to the races in those key states, we also look at gambling markets where bettors are truly putting their money where their mouths are. Currently, Biden has a slight lead at -135 (bet $135 to win $100) to Trump at -110 (bet $110 to win $100). 

Over the last six months, the market rally has coincided with Biden’s polling gains. This could lead one to conclude that investors aren’t concerned about a Biden presidency. I would argue that the market might not be alarmed due to the potential change in the executive branch but would become much more concerned if the Republicans were likely to lose control of the Senate, too. In the Senate, the Democrats need to keep their current seats and flip three others from the GOP. Four races are seen as competitive for incumbent republicans (North Carolina, Maine, Arizona, and Colorado). Meanwhile, the Democrats are fighting to maintain a seat from Alabama in a state where Trump won by more than 29% in 2016. At this point, I believe the Senate will remain controlled by the GOP, thus, I don’t anticipate a lasting market sell-off due to the Presidential election results. 

If Biden wins the election and the Senate was to flip to the Democrats, I would anticipate a short-term market sell-off. The market would foresee higher taxes and increased regulations, obviously not conducive to higher earnings. Ultimately, I wouldn’t recommend selling equities in any of the above scenarios. I’ve long believed that adjusting your allocations due to a change in the Presidency is misguided. While Biden would like to raise taxes, he’s unlikely to do so in the middle of a recession. And, if he does, that would lead to a challenging mid-term in 2022 and could swing the Senate back to the conservatives. Regardless of who wins in 2020, the market environment for the next 4 years will be very challenging. The next President will have a tremendous amount of work to do to get the economy moving in the right direction and current market valuations don’t leave much room for error.

WHAT ARE THE MOST IMPORTANT ISSUES (FROM AN INVESTMENT IMPLICATION STANDPOINT) THE NEXT POTUS WILL FACE? (TAX REFORM, HEALTH CARE REFORM, MORE COVID-19 RELATED REGULATIONS, CLIMATE CHANGE AGENDA, CHINA POLICY, ETC)

Tyler Hay 

My previous answer could have easily been copied here (as I do think it’s the most important long-term issue facing our country). That being said, I do not think the wealth gap is the most urgent matter the next POTUS will face. We are now nine months into this global pandemic and so much uncertainty remains, such as: 

  • Will there be a second wave as countries in the Northern Hemisphere head into winter?

  • Can we effectively re-open the economy with social distancing?

  • Should we bite the bullet and re-open, just telling those at-risk to seclude themselves until a treatment/vaccine arrives?

  • How long until a vaccine/therapy emerges?

  • Will enough people even get vaccinated, should one become available?

  • How effective will a vaccine be?

  • Is COVID here to stay like the seasonal flu?

  • Is a robust testing system a nation’s best approach in a COVID world? 

I think it’s wildly optimistic to assume that this Pandemic will be turned off like the flip of a switch, instead it’s more likely to dim over time. In the meantime, the economy, particularly in certain areas, is being decimated. It goes without saying that no president wants to preside over a flagging economy. The approach we’ve taken so far has been the equivalent of trying to hold our breath underwater; eventually, we have to come up for air. Therefore, the next 4 years will largely be defined by how the next POTUS navigates this ongoing virus crisis. 

Jeff Eulberg 

The most important issue for the next President will be managing the impact of the Coronavirus. If we can’t keep our hospital systems from being overwhelmed, it will be all but impossible to achieve much else during the term. If corona is managed, the next most important task will be reviving the U.S. economy. While always a top concern, the pandemic has amplified this need with over 11 million Americans currently out of work, along with the steepest decline of Gross Domestic Product (GDP) in history. At this point, we have no idea how society will adjust to our new normal. What jobs have been lost permanently? To compound issues, the next President will be tasked with achieving this goal as the nation is more divided than any time in my lifetime. 

As I highlighted in my market reaction discussion, I don’t currently believe the Democrats will be able to gain control of the Senate, leaving either President with a split congress. And, much like the US population, Congress is also incredibly divided and unable to find much common ground (see: the long-awaited stimulus package 2.0). Therefore, it will be an uphill battle for either to make sweeping changes in an effort to jump-start the US economy. 

One bipartisan idea that will likely be implemented is a large infrastructure spending bill. From an investment perspective, this would lead us to look at cyclical companies that would benefit from such a package. Fortunately, many of these companies currently offer attractive valuations, especially relative to some of the highflyers of the last 6 months.

WHAT IS THE LIKELIHOOD OF A UNIFIED GOVERNMENT AND HOW WILL THAT IMPACT FUTURE POLICY REFORM?

Mark Nicoletti 

There are four plausible electoral scenarios, two of which result in a unified government. The impact of divided vs. unified government is enormous; and probably a better predictor of future policy change than which candidate prevails. 

Historically, election platform policies often struggle to become legislation but this time around, there is plenty at stake. Tax reform, broader regulation, and COVID-19 related responses, among others, are all potential battlegrounds. 

This notwithstanding, the potential for a unified Democratic government is greater than in recent years, and probably the only scenario worthy of dissection. It’s quite possible voters view Biden and the Dems as more trustworthy on healthcare reform and possessing greater ability to navigate a second wave of Covid-19. 

If victorious with a Blue Wave tailwind, Joe Biden will seek to increase spending on climate change mitigation, expand federal-funded healthcare, and raise taxes on corporations and high-income earners. The initial investment implications of this scenario will undoubtedly focus on taxes and the negative business sentiment more regulation will bring. The longer-term scenarios to be weighed are almost certainly climate policy and energy efficiency, and the corresponding winners and losers due to changes in both. 

Jeff Dicks 

One way to calculate the odds of a unified government is to simply look at the betting odds for the President, the House, and the Senate. According to www.electionbettingodds.com, the odds of Republicans taking the presidency, controlling the Senate, and controlling the House, are 44.3%, 45.5%, and 16.3% respectively. For all three of these events to occur, we can multiply each of them together, which works out to 3.29% odds of a Republican sweep. At the Kentucky Derby, this would be like betting on a 30-1 longshot, which can happen, but not very often. In that scenario, in terms of policy reform, it would be very much a continuation of what we have seen the last four years. On the tax side, the Republicans have floated an unspecified tax cut for individuals. In addition, there would be a potential tax credit for moving manufacturing abroad to America, with extra emphasis on bringing manufacturing jobs from China to the US. These firms would potentially be able to deduct 100% of expenses to hopefully incentivize the shift stateside. Within Trump’s second term agenda, there would be a focus on lowering prescription drug prices and attempting to reduce insurance premiums. We’d also likely see a continuation of the tough stance against illegal immigration, a refunding of our police, and continued deregulation of the energy industry. Donald Trump’s second term agenda can be found via the following link. The agenda is rather ambitious but was a bit lacking in terms of actual details surrounding key objectives in another term. As mentioned, at this point, a Republican sweep appears unlikely, but elections in the past have been difficult to call and predict. 

The flip side shows the odds of the Democrats winning the Presidency, the Senate, and the House at 53.1%, 54.4%, and 83.60% respectively. This works out to a 24.15% chance of a Democrat sweep. Out of any combination, a Blue sweep currently commands the best odds. However, some sort of split would be the most likely over a united government at over 70%, given the 24% odds and 3% odds of a Democratic and Republican sweep respectively. The policy shift under a Blue sweep would be significant since there are limited barriers to implementing these policies. The Biden administration would look to unwind most of the tax cuts under the Tax Cuts and Jobs Act. For instance, Biden has proposed raising the corporate tax rate to 28% from 21% (this was lowered from 35% to 21% under President Trump). In addition, Biden would look to raise taxes on the individual side and to increase the capital gains tax for high-income earners to the ordinary income rate. Biden would also look to expand health care coverage, and like Trump, look to lower healthcare costs. The Democrats’ platform would prioritize climate change via restriction on the energy industry and expansion in terms of pro-renewable energy policy (see energy response below). Overall, stricter regulation is expected across most industries with this impact being felt most acutely among financials, pharmaceuticals, and even technology. A Blue wave would be less restrictive on immigration, along with dialing back the Trump administration’s travel and immigration bans, reinstating protections for “dreamers,” and rescinding funding for a border wall. Finally, an infrastructure spending bill would likely get passed, which appears to have bipartisan support. From a financial markets perspective, that corporate tax increase may be the most market-moving item under this scenario. RBC capital markets estimates the proposed increase would likely fall 5.5%-10% with higher corporate taxes. 

https://www.demconvention.com/wp-content/uploads/2020/08/2020-07-31-Democratic-Party-Platform-For-Distribution.pdf 

Here are the odds of each scenario currently bases on the current odds. 

?

UNDER A JOE BIDEN PRESIDENCY, HOW WOULD THIS AFFECT US ENERGY POLICY AND OUR VIEW TOWARDS BOTH ENERGY AND RENEWABLE ENERGY INVESTMENTS? 

Jeff Dicks 

US energy policy would be one area that would see a rather large shift under a Biden presidency. Day 1 President Biden has publicly stated he will restrict new oil and gas drilling on federal lands and waters. It’s worth noting this is a much scaled-down ban relative to what was floated by Elizabeth Warren, which proposed banning all drilling on federal lands. A few points here would be that producers will likely move to other regions where production is primarily on private lands, as well as stockpile public land permits ahead of Biden taking office. With that said, this policy will restrict energy production in the US relative to current policy. With the collapse in energy prices due to Covid-19, we have seen a major reduction in capital expenditures across the energy industry both in the US and abroad. Further restriction on production likely would lead to higher energy prices over the near-to-medium term. We believe the beneficiary of lower US production would be international energy producers that can make up the production shortfall, as well as benefit from higher prices. 

Biden will also make a big shift to becoming net-zero carbon emissions by 2050. Getting our country there will require companies to carry the cost of the pollution being emitted, which likely lowers the profitability profile for corporate America. Along these lines, Biden will rejoin the Paris Climate Agreement and make a push towards limiting carbon emissions internationally. In the US, as we have continued to shift away from coal to natural gas and renewables, we have seen CO2 emissions per capita go down since 1970. Globally, a critical aspect of reducing carbon emissions is shifting countries like China away from coal. China makes up over 28% of carbon emissions, and per capita emissions have more than tripled in China since 1980. We would point out that regardless of the President, this is a very important shift that needs to take place. This is also a shift that will benefit companies exposed to producing and transporting natural gas in the US. We feel this trend will be critically important for our environment, and also a smart place to allocate capital over the next 20 years. 

Biden has expressed the desire to make a very large investment into clean energy, which would expand the power generating capacity in areas like wind and solar. It will be important to allocate funds efficiently given many European countries have seen higher electricity costs from similar programs. With that said, it’s been promising to see that many areas across the country have seen dramatically lower costs for clean energy. From an investment standpoint, we have continued to increase our exposure to companies tied to clean energy, and under a Biden presidency, we believe this area would gain shares against traditional energy power generation. Ultimately, we would expect to continue to allocate a larger proportion of our clients’ assets in companies that benefit from this trend.

PLEASE DISCUSS INDIVIDUAL AND CORPORATE TAX CHANGES UNDER BOTH BIDEN AND TRUMP ALONG WITH ANY POTENTIAL CHANGES TO TAXES ON CAPITAL GAINS, INHERITANCE, & WEALTH, ALONG WITH ANY ADJUSTMENTS TO TAX CREDITS?

Jeff Eulberg 

The table above outlines the key differences in both tax plans. Biden is campaigning to roll back several of Trump’s recent tax changes. However, what Biden wants to do and what he can do are two very different things. As mentioned in all of my answers for this piece, without the Democrats flipping the Senate, many of these proposals will never be implemented. Further, even if the Democrats can flip the Senate, Biden is unlikely to make an aggressive attempt to raise taxes with so many Americans unemployed and the economy just starting its recovery process. If a major tax hike was implemented, the low hanging fruit for the Democrats would be to raise taxes on two smaller voting groups - the wealthy and corporations. 

I would anticipate a corporate tax increase to at least 28%. From an economic standpoint, Evergreen has written several times that the Trump administration’s dramatic corporate tax rate cut in 2017, when the economy was in a strong growth phase, was misguided.  Most disturbingly, it led to unprecedented deficits during good economic times. Thus, while a partial reversal will certainly impact earnings, longer-term it wouldn’t appear to be a catastrophic shift. 

Wealthy individuals could see increased ordinary income and capital gain rates with meaningful estate tax adjustments. In 2017, we were shocked to see the Federal estate tax exemption go from just over $5.6m to $11.2m. If a new tax bill was to pass, these increases will very likely be rolled back before they’re set to lapse in 2025. If we get closer to November and it appears that the Democrats are likely to flip the Senate, you can expect us to advise on potential estate tax techniques to utilize the higher exemptions, recommend liquidating concentrated long-term gain positions and pulling income forward to 2020. That said, for now, much of the tax increase concern might be a bit overblown and an inevitable outcome of election season rhetoric. 

Published:9/28/2020 4:47:12 PM
[be5de712-65a1-5d50-a030-9d2569c9fdb6] Gutfeld on the phony outrage over Trump's tax returns Another day… another media bombshell… that lands with a thud. Published:9/28/2020 4:47:12 PM
[] Democrat-Encouraged BLM Riots The Costliest In History, Costing Americans At Least Two Billion Dollars... So Far Note: The comments system called a "lid" at 2:49 pm Eastern. They said they are "prepping for the debate." And also, glitching out due to advanced age and decaying software. Remember, presidential candidate Kamala Harris declared that it was "critical"... Published:9/28/2020 4:47:12 PM
[] Bill de Blasio, who never met a tax he didn't like, says to 'tax the rich' after NYT's story on Trump's tax returns Published:9/28/2020 4:17:55 PM
[] Laura Wolk, the first blind woman to serve as a Supreme Court clerk, credits Amy Coney Barrett with being her 'champion' in law school Published:9/28/2020 4:17:55 PM
[Politics] Calif. Teacher Threatened to Kick Student Out of Zoom Class Over Trump Flag A California high school teacher threatened to kick a student out of a virtual class for displaying a Trump 2020 flag on his wall, Good Day Sacramento reports. Published:9/28/2020 4:17:55 PM
[Middle Column] ‘You are a murderer!’ – ‘You are an evil fat man!’ Listen: Nasty voicemails greet NOAA’s new skeptical climate scientist Dr. David Legates

Matt Briggs: "Then came the hate calls. I have permission for you to delight in this mad woman’s ravings." (Listen at bottom of this page:)

Listen to hate voice mails left on Dr. Legates phone:

Selected Excerpts: "You have not heard the last of me. Don't you dare have anything to do with NOAA. Somebody who doesn't believe in climate change?!

"Lose some weight, you're fat. Worse than that, you are stupid!" 

"You are an evil disgusting man and you will hear more from me. Shame on you and lose some weight!

"Trump is a murderer!" ... "You are a murderer."

She then begins to sob. Then adds climate change is "killing people because you don't care, because you are an evil fat man! Don't you dare go head up NOAA!"

Published:9/28/2020 4:17:54 PM
[Entertainment] Inside The Hills Stacie Adams' Intimate Baby Shower With BFF Scheana Shay Stacie Adams, Scheana Marie, Baby Shower The countdown to baby No. 2 is on! The Hills alum Stacie Adams--also known as Stacie "The Bartender"--is busy planning for the birth of her son this December. And while...
Published:9/28/2020 4:17:54 PM
[2020 News] The Justices Recused Themselves an Astounding 180 Times Last Term

The Justices Recused Themselves an Astounding 180 Times Last Term. Is that all? Kagan did an astounding 98 times. What do we pay her for?

The post The Justices Recused Themselves an Astounding 180 Times Last Term appeared first on IHTM.

Published:9/28/2020 4:17:54 PM
[Markets] Why New York City Is In Trouble: 114,041 Public Employees Earn Over $100,000 Why New York City Is In Trouble: 114,041 Public Employees Earn Over $100,000 Tyler Durden Mon, 09/28/2020 - 17:00

Authored by Adam Andrzejewski via Forbes.com,

Mayor Bill de Blasio is aggressively pushing for a $12.4 billion federal bailout - because New York City faces an unprecedented $7 billion budget deficit over the next two years.

Last week, in a public relations stunt, the mayor announced a one-week unpaid furlough of himself and 494 employees within his office - a taxpayer savings of a paltry $860,000.  

So, how did the city get so deep into trouble?

Our auditors at OpenTheBooks.com dug into the skyrocketing city payroll. In 2016, there were 76,166 employees with pay exceeding $100,000. By 2019, there were more than 114,000 - a 50-percent increase in six-figure earners.

In 2019, plumber helpers earned $172,988; thermostat repairmen made up to $198,630; regular laborers hauled away $213,169; electricians lit up $253,132; and plumbers pocketed up to $286,245.

School janitors ($256,000) out-earned the principals ($154,000). Four deputy mayors made over $241,641 each and 5,998 city employees out-earned New York governor Andrew Cuomo ($178,000).

The city has 331,520 full-time equivalent employees – up from 297,349 in 2014.

However, 592,432 people pulled a paycheck at some point last year at a total cost of $29.5 billion. (This included base salary, overtime, and “other pay,” but not healthcare or pension benefits. Those perks add 30-percent.)

Office of the Mayor - $52 million payroll cost

Mayor Bill de Blasio’s base salary was $258,541 plus free rent at Gracie Mansion and regular police-escorted trips to the gym – even as he closed schools, restaurants, and gyms.

First Deputy Mayor Dean Fuleihan made $278,980 and three deputy mayors earned between $241,641 and $246,124. Even de Blasio’s executive chef Feliberto Estevez cooked up $124,285.

First Lady Chirlane McCray, de Blasio’s wife, works within the Office of the Mayor as a volunteer. However, fourteen city employees aid McCray with salaries that cost taxpayers $2 million per year. 

McCray’s aides included senior advisors, communications advisors, and a policy director along with a chief of staff, two deputy chiefs of staff, a press secretary, speechwriter, videographer, and others, according to news reports.

The head count of McCray’s payroll (14) exceeded U.S. First Lady Melania Trump’s staff (11). Michele Obama employed 24 staffers as First Lady.

(The mayor responded for all agencies – review the comment at the end of this column.)

Department of Education — $13 billion payroll cost

Only in New York City can school janitors out-earn the principals. We found 40 “custodial engineers” who earned between $154,000 and $256,000, while 57 principals made less than $154,000.

Last year, over 50,000 educators earned a six-figure salary, including 37,324 teachers and substitutes.

The public schools spent a hefty $28,808 per student – twice the national average ($12,612) – while fourth and eighth grade math and reading tests significantly underperformed state and national averages.

Chancellor Richard Carranza made $357,973 – exceeding the salary of the U.S. education secretary Betsy Devos ($199,900).  

Police Department — $5.2 billion payroll cost

The Police Department (NYPD) payroll included 59,970 employees last year, and nearly half, or 26,018, made six-figures or more. Included in the cost was $728 million in paid overtime.

However, only one police officer was in the top five NYPD most highly compensated.

Four “stationary engineers” – employees who operate industrial machines – led the payroll. Thanks to excessive hours and lax rules, these workers made between $84,850 and $101,740 in overtime. Stationary engineer Daniel Boyne was the highest paid person in the department ($261,682).

An additional 1,971 NYPD employees including chief Terrence Monahan ($236,943) out-earned governor Andrew Cuomo’s $178,000 salary.

Fire Department — $1.8 billion payroll cost

The Fire Department (NYFD) payroll included 18,679 employees last year, 8,970 of whom made six-figures or more. Top earners include four assistant chiefs paid between 264,558 and $302,810. Commissioner Daniel Nigro did not make the top ten earners with his $237,517 salary.

The department also created another kind of fire when it fired the whistleblower who discovered an alleged affair between the previous commissioner and a staffer.

Former administrator Lyndelle Phillips sued over an allegation of unlawful termination and settled the lawsuit last year. She collected $500,000 in back pay in 2019 and became the highest paid person on the entire city’s payroll.

An additional 856 NYFD employees out-earned the governor’s $178,000 salary.

Rats Out-Fox New York City Bureaucrats — $32 million ‘War on Rats’ campaign

In 2017, Mayor Bill de Blasio declared war on the city’s rat population and demanded “more rat corpses.” The city council minted $32 million for the rat extermination campaign.

Despite a city workforce of 331,000, the rats outsmarted the bureaucrats.

Last year, in a co-investigation with The New York Times NYT +0.2%, we mapped 130,000 rat sightings since 2010 and found that reports to the city’s 311 hotline soared nearly 38-percent.

Mapping rat sightings in NYC since 2010.

Human Rights Commission — $10.5 million payroll cost

The chair of the Human Rights Commission (HRC) Carmelyn Malalis made $222,990 last year. By comparison, the top paid staffer at the federal Equal Opportunity Commission made $189,600 and the U.S. Attorney General made $199,700.

The HRC mission is to “combat discrimination and fight to ensure that everyone can live in, work in, or visit New York City free from discrimination and harassment.”

However, in a strange twist, the HRC doesn’t pay their interns. While ethically and legally questionable, the internships are available only to students privileged enough to attend college who can work a minimum of 112 unpaid work hours over a four-month period.

Maybe the HRC should investigate its own agency.

Overtime and “other” pay — $3 billion payroll cost

In 2019, city workers claimed an extra $1.9 billion by working 32 million hours of overtime — an average cost per hour of nearly $60. This allowed some workers to double and triple pay.

Examples include plasterer Daniel Fitzmaurice at Corrections (regular salary $93,223, overtime $189,371); plumber supervisor Robert Procida at Housing Authority (regular salary $101,229, overtime $181,422); and steam fitter Stephen Meys at Citywide Administrative Services (regular salary $100,100, overtime $138,957).

The Housing Authority provided a justification:

NYCHA has been focused on improving productivity and delivering the highest level of service to our residents, and we will use all the tools at our disposal, including overtime.

The Administration for Children’s Services allowed up to 88-hour workweeks.

Examples include laborer Dootechine Joseph, who made $213,169 by working 4,527 hours and earned $136,764 in overtime plus $74,184 in base salary. Motor vehicle operator Mohamed Uddin worked 4,394 hours and boosted total pay to $143,086. Painter Howard Knox made $216,880 by working 2,252 overtime hours for an extra $140,822.

“Other” pay amounted to another $1.1 billion across the workforce. Union negotiators created all kinds of other pay buckets – including sick and vacation days, per diems, reimbursements, shift differentials, civil service and career development, etc.

Today, New York City is in serious financial trouble as the coronavirus lockdown, riots, looting, and escalating crime caused its wealthiest residents to flee. State and federal lawmakers have the option to bailout the city or force cuts to what critics say is a bloated payroll.

Not surprisingly, the unions are stalling until after the 2020 elections.

Harry Naspoli, head of the Municipal Labor Committee – a coalition of the city’s 110 unions – said there is no place left to cut.

“Can’t do it. There’s not $1 billion there,” he said.

Naspoli is waiting on the election. “After the election, who knows, there might be a whole new atmosphere in Washington.”

The message is clear: New York City wants Congress to bail them out.

Note: The Mayor’s office responded on behalf of all city agencies to our request for comment:

The de Blasio Administration has proved for years our ability to be fiscally responsible and prepare for adversity. That includes increasing our reserve levels to record levels, saving billions of dollars even when revenue was strong, and establishing a rainy day fund, something no other Mayor could accomplish. Our track record speaks for itself.

Published:9/28/2020 4:17:54 PM
[Uncategorized] NYT Debunks Three Media Conspiracy Theories With Trump’s Tax Returns

Plus a dose of reality when it comes to real estate investing.

The post NYT Debunks Three Media Conspiracy Theories With Trump's Tax Returns first appeared on Le·gal In·sur·rec·tion.

Published:9/28/2020 4:17:54 PM
[Markets] Key Words: Kamala Harris says Supreme Court nominee Amy Coney Barrett ‘will overturn’ Obamacare Democratic vice-presidential nominee Kamala Harris gives a speech in the swing state of North Carolina on President Donald Trump’s push to fill the current vacancy on the Supreme Court.
Published:9/28/2020 4:17:54 PM
[topics:in-the-news/uk-coronavirus-lockdown] What are the new social distancing rules, and when will it end? Published:9/28/2020 4:17:54 PM
[IJR] Trump Unveils Plan To Distribute 150 Million COVID-19 Tests Trump asserted that his plan would allow schools to "test every teacher who needs it." Published:9/28/2020 4:17:54 PM
[] Bob Kraft's prostitution soliciting charges dropped Published:9/28/2020 3:47:06 PM
[Transportation] Get a free Extra Crunch membership when you buy TC Sessions: Mobility 2020 tickets TC Sessions: Mobility is coming up next week, and we’ve decided to sweeten the deal for what’s included with your event pass. Buy your ticket now and you’ll get a free annual membership to Extra Crunch, our membership program focused on startups, founders and investors with more than 100 exclusive articles published per month. Extra […] Published:9/28/2020 3:47:06 PM
[Entertainment] Demi Lovato Is "Completely Embarrassed" By Max Ehrich's Behavior After Breakup Demi Lovato, Max EhrichDemi Lovato is ready to move on after ex-fiancé Max Ehrich showed his true colors this weekend. Following the news of their split, Max took to social media to reveal in since-deleted...
Published:9/28/2020 3:47:06 PM
[topics:in-the-news/uk-coronavirus-lockdown] New local lockdown rules as household mixing ban is reintroduced for North East England Published:9/28/2020 3:47:05 PM
[Politics] US Judge Orders Stop to Postal Service Cuts, Echoing Others A federal judge in Philadelphia joined others Monday in ordering a halt to recent Postal Service cuts that critics say are causing mail delays and threatening the integrity of the presidential election. Six states and the District of Columbia presented "compelling evidence"... Published:9/28/2020 3:47:05 PM
[Politics] First-time voter Tyler, the Creator urges fans to 'pull up' to the polls

The 29-year-old hip-hop mogul said that this would be the first election in which he voted, and he implored his fans to turn out on Nov. 3.

Published:9/28/2020 3:47:05 PM
[Markets] Biden Dodged $500K In Taxes By Exploiting Loophole Biden Dodged $500K In Taxes By Exploiting Loophole Tyler Durden Mon, 09/28/2020 - 16:40

Since the left is now in histrionics over President Trump's perfectly legal use of the US tax code to avoid paying taxes for 10 out of the last 15 years, perhaps they'll give as much attention to Joe Biden - who used another perfectly legal tax 'loophole' to avoid approximately $500,000 in payroll taxes on $15 million in income.

Of course, they ignored it in July when the Wall Street Journal reported that Joe and Jill Biden took advantage of the "S corporation" payroll tax loophole that the Obama-Biden administration unsuccessfully attempted to close.

According to the report, the Bidens routed income from book sales and speeches through S corporations - avoiding the 3.8% self-employment tax they would have paid if they had been compensated directly, and avoiding as much as $500,000 in taxes.

"There’s no reason for these to be in an S corp—none, other than to save on self-employment tax," accountant Tony Nitti told the WSJ at the time.

And as the Journal's Chris Jacobs wrote last month, "According to the Urban Institute, a couple featuring one high earner and one average earner, retiring this year, will have paid a total of $209,000 in Medicare taxes during their working lives."

"The Bidens avoided paying nearly twice that much in Medicare taxes during two years."

Meanwhile, the Las Vegas Review-Journal suggests Biden is a hypocrite - as the former Vice President has been an outspoken opponent of such loopholes since Ronald Reagan was in office.

Per current tax law, S-corporation owners can legally avoid paying the 3.8 percent self-employment tax on their profits as long as they pay themselves “reasonable compensation” that is subject to regular payroll taxes. The IRS definition of “reasonable compensation” is a tad fuzzy, however, which led to the Bidens reporting less than $800,000 salary on their reported $13 million in combined profits. -Las Vegas Review-Journal

In 2019, The Intercept's Ryan Grimm shed light on the Bidens' use of Delaware corporation laws to conceal financial information (via Breitbart):

"The Bidens have used their home state’s financial privacy laws to shield his income from public view, by setting up two tax- and transparency-avoidance vehicles known as S corporations," wrote Grimm. "He and his wife Jill Biden called them CelticCapri Corp. and Giacoppa Corp., respectively, and, according to the Wall Street Journal, have reported more than $13 million in profits the previous two years that weren’t subject to specific disclosure or self-employment taxes. As CNBC has described, money Biden made from book deals and speeches flowed into the S corporations and was then remitted to Biden and his wife as ‘distributions’ rather than salary. When money is funneled through an S corporation, the recipient doesn’t owe Social Security or Medicare taxes on it, nor can the source of revenue be traced. (In addition to the distributions, the Bidens drew relatively small salaries from the S Corporations: under half a million dollars, for which they owed self-employment taxes.)"

Stones, glass houses, etc. We're sure the MSM will apply the same lens to Biden's perfectly legal tax schemes.

Published:9/28/2020 3:47:05 PM
[World] Paul Brandus: Trump doesn’t pay taxes? That’s old news. The real story is the president’s personal debts coming due Americans deserve to know about politicians’ potential conflicts.
Published:9/28/2020 3:47:05 PM
[Politics] WATCH: President Trump announces plans to distribute 150 million RAPID and super simple coronavirus tests President Trump today announced plans to distribute 150 million new Abbott rapid coronavirus tests in the coming weeks, allowing repeated testing of people in vulnerable professions like teaching: President @realDonaldTrump announces a . . . Published:9/28/2020 3:47:05 PM
[Politics] WATCH: President Trump announces plans to distribute 150 million RAPID and super simple coronavirus tests President Trump today announced plans to distribute 150 million new Abbott rapid coronavirus tests in the coming weeks, allowing repeated testing of people in vulnerable professions like teaching: President @realDonaldTrump announces a . . . Published:9/28/2020 3:47:05 PM
[] WokeFL Week Three Ratings Down 11% from 2019Update: Thursday Night Football Ratings Fall to 4 Year Low, Nearly Losing to... Celebrity Family Feud Go fuck yourselves, wife-beaters and armed robbers. The ratings for Thursday Night Football fell to a four year low, nearly being beaten by Celebrity Family Feud. The game averaged a 5.43 rating. While the NFL game still topped the primetime... Published:9/28/2020 3:47:05 PM
[] Politico scoop: Barrett's involvement with People of Praise shows she's ... Catholic Published:9/28/2020 3:17:29 PM
[Democrats] Dems Love Biden’s Catholicism But Fear Coney Barrett’s

Democrats have reacted differently to the Catholic faiths of their 2020 standard-bearer Joe Biden and Supreme Court nominee Amy Coney Barrett.

The post Dems Love Biden’s Catholicism But Fear Coney Barrett’s appeared first on Washington Free Beacon.

Published:9/28/2020 3:17:29 PM
[Automotive] Hear from Postmates, Refraction AI and FedEx about autonomous delivery at TC Sessions: Mobility 2020 Small startups and logistics giants alike are working on how to use automated vehicle technology and robotics for delivery. Some have even accelerated their efforts, with mixed results, as the COVID-19 pandemic drove up demand for delivery. But is the world — or the tech — ready for the mainstream? TechCrunch has tapped three experts […] Published:9/28/2020 3:17:29 PM
[Politics] GOP Gaining in Pennsylvania Voter Registration Republicans gained significantly in registration over the past month in Pennsylvania, a state where Democrats have long enjoyed a big advantage among voters registered with political parties, Newsmax's John Gizzi reported. Published:9/28/2020 3:17:29 PM
[Entertainment] Sienna Miller Reveals Chadwick Boseman Gave a Portion of His 21 Bridges Salary to Her Sienna Miller, Chadwick BosemanChadwick Boseman's legacy lives on. In the latest issue of Empire, British-American actress Sienna Miller shared her most impactful moment with the Black Panther star. Sienna...
Published:9/28/2020 3:17:29 PM
[187ce142-c86d-57ca-9cb2-9e3362f017ee] Justin Timberlake and Jessica Biel welcome second child, Lance Bass confirms: They’re ‘very happy’ ???????The “Suit & Tie” performer and the “Sinner” actress are already parents to 5-year-old son, Silas. Published:9/28/2020 3:17:29 PM
[Markets] Gold, Silver, & Stocks Surge As Real Yields Tumble Gold, Silver, & Stocks Surge As Real Yields Tumble Tyler Durden Mon, 09/28/2020 - 16:01

Election Uncertainty reached its cycle highs today as the VIX curve steepened dramatically...

Source: Bloomberg

And stocks still appear unwilling to accept that level of uncertainty...

Source: Bloomberg

So which pill do you want to take?

Real Yields tumbled today, despite nominal yields being unch...

Source: Bloomberg

Gold rallied over $30 from the ovenright lows...

Silver also surged...

And gold's gains dominated the USD rally this afternoon...

Source: Bloomberg

Stocks were also bid on the real rate slump as well as hope for stimulus (though from where we are completely unsure)...Small Caps dominated the day...

S&P, Dow, and Nasdaq all pushed back up to their 50DMAs but with around 30 minutes to go in the day, the markets rolled over...

Today's price action saw the biggest buy program since the start of July, following last week's major sell program...

Source: Bloomberg

3rd short-squeeze day in a row - erased last Wednesday's tumble...however, the ammo seemed to run out during the day...

Source: Bloomberg

Some claimed that today's surge in stocks was driven by month-end rebalancing but that seems to be rejected by the fact that there is no bond-selling... none!

Source: Bloomberg

And if that's the case - the quarter-end rebalancing suggests a massive selling pressure on stocks...

Source: Bloomberg

Credit continues to bearishly diverge from excited stocks...

Source: Bloomberg

Treasury yields were mixed in a small range with the short-end lower and long-end modestly higher...

Source: Bloomberg

The dollar chopped around within its own 2-day range

Source: Bloomberg

The Turkish Lira was the FX markets' headline maker today... tumbling to record lows amid warring states...

Source: Bloomberg

Cryptos were modestly higher from Friday (with Bitcoin Cash best)...

Source: Bloomberg

The gold/silver ratio dropped back below 80x today...

Source: Bloomberg

WTI broke back above $40 today...

Finally, we note fear and greed are equally balanced... for now...

Source: CNN

Published:9/28/2020 3:17:29 PM
[Markets] Dow finishes up more than 400 points to set upbeat tone for week Dow finishes up more than 400 points to set upbeat tone for week Published:9/28/2020 3:17:29 PM
[Middle Column] South Dakota Governor Kristi Noem promotes her state’s pheasant hunting: ‘It’s the only state that actively celebrate shooting its state bird’
Published:9/28/2020 3:17:29 PM
[Volokh Conspiracy] [Eugene Volokh] High School Student "Says Teacher Threatened To Kick Him Out Of Virtual Class Over Trump Flag" CBS 13 (Laura Haefeli) reported last week (including video of part of the incident that had been recorded by another student): "You can sit up, remove the flag, or reposition your camera within the next 15 seconds or I'm kicking you out of class," the teacher said during their virtual class. [The student's mother, Tiffany,]… Published:9/28/2020 3:17:29 PM
[IJR] CDC Director Takes a Swipe at Trump’s New Coronavirus Adviser Redfield confirmed that he was speaking about Atlas. Published:9/28/2020 3:17:29 PM
[] Fauci: Florida's decision to reopen bars and restaurants is "very concerning" Published:9/28/2020 2:50:13 PM
[Politics] Here's what to expect in the first 2020 presidential debate between Trump and Biden

Democratic nominee Joe Biden and Republican President Trump will face off Tuesday in their first 2020 presidential debate. Here's what to expect.

Published:9/28/2020 2:50:13 PM
[Entertainment] Amanda Seyfried Gives Birth, Welcomes Baby No. 2 With Thomas Sadoski Amanda Seyfried. Thomas Sadoski, Met Gala, 2018, CouplesMamma Mia! Baby No. 2 has arrived. On Sept. 28, Amanda Seyfried shared some big news with her fans and followers. As it turns out, the A-list actress quietly gave birth to her second...
Published:9/28/2020 2:50:13 PM
[Right Column] California’s Planned Ban on Gas-Powered Auto Sales Is Great for Elon Musk, but It Won’t Help the Environment – ‘Could actually be worse for the environment’

It’s important to remember that CO2 emissions are not just about what comes out of vehicles, but also what goes into vehicles. Electric vehicles might not emit emissions through exhaust pipes like gas-powered cars, but they expend tremendous amounts of CO2 during their production and charging cycles, and require numerous elements—such as lithium, cobalt, and manganese—that must be mined from the earth. While conventional wisdom says electric vehicles are more environmentally friendly and an effective tool to fight climate change, research suggests electric vehicles may have environmental costs that actually exceed those of internal combustion engines when the full cycle of production is included. Jonathan Lesser of the Manhattan Institute, for example, has published research showing that electric vehicles are worse for the environment than modern gas-powered vehicles. ... 

The World Economic Forum has also called attention to the “dirty secrets of electric vehicles,” which includes both adverse environmental impacts and children as young as seven working in cobalt mines in places like the Democratic Republic of the Congo, where more than half of the world’s cobalt is produced.

Published:9/28/2020 2:50:13 PM
[Education] The Western Tradition Saved Me from the Left. The Left Will Not Claim All College Students.

The left is dismantling the Western tradition. They reject the Greco-Roman and Judeo-Christian culture that permeates America, discredit great literature, and abandon any hint of... Read More

The post The Western Tradition Saved Me from the Left. The Left Will Not Claim All College Students. appeared first on The Daily Signal.

Published:9/28/2020 2:50:13 PM
[Politics] Trump's Offshore Oil Ban to Halt Coastal Wind Farms, Too President Donald Trump's decision to rule out energy development along the coasts of Florida, Georgia and the Carolinas will bar not just offshore oil and gas drilling -- but coastal wind farms, too. The broad reach of Trump's recent orders, which was confirmed by the... Published:9/28/2020 2:50:13 PM
[6a14f19f-0ee4-5344-bfad-94fda1ca0487] Willow Smith reacts to Jada Pinkett Smith, Will Smith's ‘entanglement’ conversation about August Alsina During a July episode, Pinkett Smith admitted to having a relationship with Alsina during a break in her marriage four and a half years ago. Published:9/28/2020 2:50:13 PM
[Markets] Russia Was Trying To Hurt Trump? Impending Declassification To 'Flip Collusion Theory On Its Head': Solomon Russia Was Trying To Hurt Trump? Impending Declassification To 'Flip Collusion Theory On Its Head': Solomon Tyler Durden Mon, 09/28/2020 - 15:40

New declassifications expected as soon as this week could flip the Trump-Russia collusion conspiracy theory on its head, according to Just The News' John Solomon.

According to multiple officials familiar with the planned declassification, "new evidence will raise the specter that Russian President Vladimir Putin was actually trying to hurt President Trump, not help his election in 2016, as the Obama administration claimed."

The rumored release comes on the heels of revelations that former UK spy Christopher Steele's primary dossier source was tied to Russian intelligence - suggesting that the Kremlin was in fact working with Trump's enemies to harm his chances of winning the 2016 US election. And while the Mueller investigation found no 'collusion' between Trump and Russia, Senate Judiciary Chairman Lindsay Graham (R-SC) brought up the notion of Putin working against Trump.

"Everything Russia-Trump was looked at. You had $25 million, 60 agents. You had subpoenas, you had people’s lives turned upside down," Graham told Fox News host Maria Bartiromo on Sunday. "The question is, 'Did they look at Russia coming after Trump?'"?

"We’ve got a Russian spy on the payroll of the Democratic Party putting together a document that details the FBI was not reliable," he added.

We recommend clicking into this tweet and reading the entire thing:

 As Solomon notes:

The possibility that the FBI and CIA had reason to suspect Russia was trying to hurt Trump and help rival Hillary Clinton first emerged in a Just the News article last month that revealed a House Intelligence Committee secret report accused the U.S Intelligence Community Assessment of ignoring credible evidence that the Russians tried to help Clinton in 2016.

"When I was briefed on the House Intelligence Committee report on the January 2017 ICA, I was told that John Brennan politicized this assessment by excluding credible intelligence that the Russians wanted Hillary Clinton to win the 2016 election and ordered weak intelligence included that Russia wanted Trump to win," former CIA and National Security Council official Fred Fleitz told the outlet last month - which noted that Brennan was CIA director at the time.

"I also was told that Brennan took both actions over the objections of CIA analysts. I am concerned about what happened to these analysts and worry that they may have been subjected to retaliation by CIA management," Fleitz added. "These analysts are true whistleblowers, and they should come to the congressional intelligence committees to tell their stories and set the record straight on the ICA."

To that end, the impending document release will show that the intelligence community "cherry-picked pebbles of evidence" to help support the case that Russia was trying to help Trump win the 2016 election, when 'there was similar evidence to the contrary.'

Published:9/28/2020 2:50:13 PM
[Markets] Key Words: The stock market could be rough for the next few weeks, but 2021 will be another story, Wharton professor says
Published:9/28/2020 2:50:12 PM
[Books] The Power Line Show, Ep 216: The Recovery of Family Life, with Scott Yenor (Steven Hayward) We’re delighted to bring Scott Yenor to the show this week to discuss his important new book, The Recovery of Family Life: Exposing the Limits of Modern Ideologies, which is being officially released tomorrow from Baylor University Press. Unlike many other fine books on the family today that rely chiefly on social science, Scott brings his immense learning in political philosophy to bear on family questions, from Plato and Aristotle through Published:9/28/2020 2:50:12 PM
[] lol, Laid-Off Media Creeps Whining About Losing Their Jobs, What a Delight I said "learn to code" not "learn to whine about literally everything."... Published:9/28/2020 2:50:12 PM
[] Are you HIGH?! HuffPo journo super proud of Dems for 'not taking GOP bait' to go after ACB's religion and Tweeps have thoughts Published:9/28/2020 2:16:54 PM
[] As first debate approaches, Democrats worry about Biden's temper Published:9/28/2020 2:16:54 PM
[Democrats] Biden Camp Scolds AOC for Snubbing Israeli Leader

The Biden campaign accused progressive firebrand Rep. Alexandria Ocasio-Cortez (D., N.Y.) of undermining the Democratic Party by pulling out of an upcoming event meant to honor Israeli peacemaker Yitzhak Rabin.

The post Biden Camp Scolds AOC for Snubbing Israeli Leader appeared first on Washington Free Beacon.

Published:9/28/2020 2:16:53 PM
[Politics] Poll: Voters Split on Late-Term SCOTUS Nominations Voters in a new poll are largely split on whether the Senate should consider a Supreme Court nomination at the end of a president's term as the chamber prepares for Judge Amy Coney Barrett's confirmation hearings with the presidential election weeks away. Results in the... Published:9/28/2020 2:16:53 PM
[Entertainment] Julianne Hough Finally Releases "Transform" Music Video After "Challenging" Year Julianne HoughBetter late than ever! After releasing her song "Transform" last year, Julianne Hough has finally dropped the corresponding music video. The Dancing With the Stars alum debuted...
Published:9/28/2020 2:16:53 PM
[Markets] Maryland Man Jailed For One Year Following Multiple Parties During Virus Lockdown Maryland Man Jailed For One Year Following Multiple Parties During Virus Lockdown Tyler Durden Mon, 09/28/2020 - 15:00

A Maryland man who held multiple large gatherings during lockdowns in violation of Gov. Larry Hogan's public health order, banning groups over ten or more people, was sentenced to one year in jail, reported WJZ Baltimore

Judge W. Louis Hennessy sentenced Shawn Marshall Myers, 42, of Hughesville, to one year in jail on Friday (Sept. 25) for failure to comply with an emergency order. 

Myers threw multiple parties on his property; in some cases, more than 50 attendees were counted by the local law enforcement agency in late March, which was around the time the virus pandemic erupted. 

According to the Charles County Sheriff, the first party was held on Mar. 22, had between 50 to 60 people. 

"Myers was argumentative with officers but eventually agreed to disband his party," according to the State's Attorney.

About one week later, on Mar. 27, officers responded to Myers' home for a second time, finding more than 50 people partying. At that point, he was arrested.

"Officers told Myers to disband the party, but again he was argumentative claiming he and his guests had the right to congregate," the State's Attorney said. "Beyond being argumentative, Myers directed his guests to stay in defiance of Governor Hogan's Orders and the officers' lawful orders to disband the party."

In addition to a jail sentence, Myers was slapped with a $5,000 fine and ordered to serve up to three years of unsupervised probation upon his release.

Readers may recall Myers wasn't the only one hosting parties during lockdowns. "Covidiot" millennials threw wild parties as a game to infect each other so they can "get it over with" and get the antibodies. 

 

Published:9/28/2020 2:16:53 PM
[Uncategorized] Project Veritas Finds Ilhan Omar Connected to Cash-for-Ballots Harvesting Scheme

"The source said, '[Gainey], who's working in Ilhan’s campaign is the one who is managing the voting place. They bring them. They line them. They put the open ballots in there and then they take them in and say, ‘Here,’ and the people mark [the ballots].'"

The post Project Veritas Finds Ilhan Omar Connected to Cash-for-Ballots Harvesting Scheme first appeared on Le·gal In·sur·rec·tion.

Published:9/28/2020 2:16:53 PM
[Middle Column] California to replace Cuba as vintage car capital of the world with Gov. Newsome’s ban on gas-powered cars

We have all seen the photos from Cuba with all their vintage cars from the 40’s, 50’s and 60’s. Well, those photos from Cuba may be a prelude to what California will look like in the decades ahead.

Phasing out internal combustion could make California vintage car capital of the world

Published:9/28/2020 2:16:53 PM
[IJR] Kellyanne Conway Backs Husband George’s Push for Trump’s SCOTUS Nominee After leaving jobs at the White House and the anti-Trump group The Lincoln Project, George and Kellyanne Conway are both pushing for the Senate to… Published:9/28/2020 2:16:53 PM
[Security] As It Gains Strength and Prestige, China’s Air Force Increasingly Takes Center Stage

China’s People’s Liberation Army Air Force has been taking a more prominent role in Chinese military diplomacy. This was made abundantly clear earlier last week,... Read More

The post As It Gains Strength and Prestige, China’s Air Force Increasingly Takes Center Stage appeared first on The Daily Signal.

Published:9/28/2020 2:16:53 PM
[] Strongly worded letter issued to adult brothers who impregnated 12-year-old sister Published:9/28/2020 1:46:32 PM
[] Meet a Canadian Citizen Who Voted in American Elections Published:9/28/2020 1:46:31 PM
[Society] Portland Rioters Hurl Firecrackers, Rocks at Officers, Weapons Recovered as Unrest Continues, Police Say

Portland rioters repeatedly tossed rocks, fireworks, and other objects at officers on Saturday as unrest continued to fester in the city, police said. Hundreds of... Read More

The post Portland Rioters Hurl Firecrackers, Rocks at Officers, Weapons Recovered as Unrest Continues, Police Say appeared first on The Daily Signal.

Published:9/28/2020 1:46:31 PM
[Markets] Here's how the stock market tends to perform after the first presidential debate Here's how the stock market tends to perform after the first presidential debate Published:9/28/2020 1:46:31 PM
[IJR] Sen. Ted Cruz Reacts To NY Times Report on Trump’s Taxes "I get The New York Times wants to drive this as an attack on Donald Trump." Published:9/28/2020 1:46:31 PM
[Markets] Election: Here’s where Trump and Biden stand on health care The two White House contenders may be divided on Obamacare and Trump’s handling of the COVID-19 pandemic, but they do have some things in common on health-care matters.
Published:9/28/2020 1:46:31 PM
[TC] Cannabis vape companies experiencing sales boom during pandemic The global pandemic is driving interest towards cannabis, and device makers are recording record sales. From startups to major players, several leading manufacturers told TechCrunch that their companies are seeing record sales since the start of the crisis. Coupled with supply constraints, consumers are now seeing limited supply on some top models as makers try […] Published:9/28/2020 1:46:31 PM
[Markets] Ron Paul: "Question 'The Science'? Go To Gulag!" Ron Paul: "Question 'The Science'? Go To Gulag!" Tyler Durden Mon, 09/28/2020 - 14:40

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

In the Soviet Union it was forbidden to dispute the wisdom of the “party line.” That’s because Marxian communism was viewed as the scientifically inevitable progression of mankind. For Marx and Lenin, the “science was settled.” Therefore anyone speaking out against “the science” of the Soviet system must be acting with malice; must actually want destruction; must want people to die.

Anyone voicing opposition to the “settled science” of Marxism-Leninism soon found their voice silenced. Oftentimes permanently.

Ironically, just 30 years after the “science” of Marxism-Leninism imploded for all the world to see, we are witnessing a resurgence here in the US of the idea that to question “the science” is not to seek truth or refine understanding of what appears to be conflicting evidence. No, it is to actually wish harm on one’s fellow Americans.

And while we who question “the science” are not being physically carried off to the gulags for disputing the wisdom of our “betters” in the CDC or the World Health Organization, for example, we are finding that the outcome is the same. We are being silenced and accused of malicious intent. The Soviet Communists called dissidents like us “wreckers.”

Last week on my daily news broadcast, the Ron Paul Liberty Report, we reported on two whistleblowers from inside the CDC and Big Pharma who raised serious and legitimate questions about the prevailing coronavirus narrative. The former Chief Science Officer for the pharmaceutical giant Pfizer, Dr. Mike Yeadon, has stated that from his experience he believes that nearly 90 percent of the current tests for Covid produce false positives. That means that this massive expansion in “cases,” used to justify continued attacks on our civil liberties, is simply phony.

As Dr. Yeadon said in a recent interview about the Orwellian UK coronavirus lockdown, “we are basing a government policy, an economic policy, a civil liberties policy, in terms of limiting people to six people in a meeting...all based on, what may well be, completely fake data on this coronavirus?”

Is Dr. Yeadon correct in claiming that based on his scientific observation there is no “second wave”? We don’t know. But we do know that his claims that the massive increase in “cases” in Europe used to justify new lockdowns are not in any way being matched with a similar increase in deaths. The EU’s own charts prove this. Deaths remain a flat line near zero while “cases” skyrocket to match the massive increase in testing.

Yet when we reported on Dr. Yeadon’s findings on the Liberty Report last week we found that for the first time ever, our program was removed by YouTube.

YouTube, owned by Google, which is firmly embedded into the deep state, was vague in explaining just where we violated their “community standards” by simply reporting on qualified scientists who happen to disagree with the mainstream coronavirus narrative.

But they did offer this shocking explanation in an email sent to us at the Ron Paul Liberty Report:

“YouTube does not allow content that explicitly disputes the efficacy of the World Health Organization.”

Incredible!

It’s not the science that is settled. What appears to be “settled is the impulse to silence anyone who asks “why”?

Published:9/28/2020 1:46:31 PM
[] Man Who Covered Himself Head-to-Toe in Scaly Lizard-Like Tattoos, and Who Died the Whites of His Eyeballs Jet Black, Sues School for Not Letting Him Terrify Children as a Kindergarten Teacher No, really. He insists on his right to terrify your Kindergarteners. "I agree with Dwayne Johnson and Cindy McCain -- I endorse the Human Biden Puppet." This is in France but is there any question that Hawaiian judges will be... Published:9/28/2020 1:46:31 PM
[Markets] Market Extra: Here’s how the stock market tends to perform after the first presidential debates Debates ordinarily don't alter the course of history or end up being major market movers. Could this hotly anticipated tête-à-tête between President Donald Trump and Democratic challenger Joe Biden prove different?
Published:9/28/2020 1:18:51 PM
[Politics] WATCH LIVE: President Trump holds news conference at 3:30 PM Today President Trump is holding a news conference in the Rose Garden on the nation’s Coronavirus testing strategy at 3:30 PM and you can watch below: WHITE HOUSE:   FOX BUSINESS:   . . . Published:9/28/2020 1:18:51 PM
[Politics] WATCH LIVE: President Trump holds news conference at 3:30 PM Today President Trump is holding a news conference in the Rose Garden on the nation’s Coronavirus testing strategy at 3:30 PM and you can watch below: WHITE HOUSE:   FOX BUSINESS:   . . . Published:9/28/2020 1:18:51 PM
[] No, Nobody Really Cares About Trump's Taxes Published:9/28/2020 1:16:29 PM
[] What agenda? USA Today's editors allow Shannon Watts to completely misrepresent Amy Coney Barrett on the Second Amendment Published:9/28/2020 1:16:29 PM
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