[Majorityrights News] KP interview with James Gilmore, former diplomat and insider from first Trump administration Posted by Guessedworker on Sunday, 05 January 2025 00:35.
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[Majorityrights News] Alex Navalny, born 4th June, 1976; died at Yamalo-Nenets penitentiary 16th February, 2024 Posted by Guessedworker on Friday, 16 February 2024 23:43.
Central bankers are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, admitted as much in a speech at the annual meeting of central bankers in Jackson Hole, Wyo., in August. “In the longer-term,” he said, “we need to change the game.” The same point was made by Philipp Hildebrand, former head of the Swiss National Bank, in a recent interview with Bloomberg. “Really, there is little if any ammunition left,” he said. “More of the same in terms of monetary policy is unlikely to be an appropriate response if we get into a recession or sharp downturn.”
“More of the same” means further lowering interest rates, the central bankers’ stock tool for maintaining their targeted inflation rate in a downturn. Bargain-basement interest rates are supposed to stimulate the economy by encouraging borrowers to borrow (since rates are so low) and savers to spend (since they aren’t making any interest on their deposits and may have to pay to store them). At the moment, over $15 trillion in bonds are trading globally at negative interest rates, yet this radical maneuver has not been shown to measurably improve economic performance. In fact, new research shows that negative interest rates from central banks, rather than increasing spending, stopping deflation and stimulating the economy as they were expected to do, may be having the opposite effects. They are being blamed for squeezing banks, punishing savers, keeping dying companies on life support and fueling a potentially unsustainable surge in asset prices.
So what is a central banker to do? Hildebrand’s proposed solution was presented in a paper he wrote with three of his colleagues at BlackRock, the world’s largest asset manager, where he is now vice chairman. Released in August to coincide with the annual Jackson Hole meeting, the paper was co-authored by Stanley Fischer, former governor of the Bank of Israel and former vice chairman of the U.S. Federal Reserve; Jean Boivin, former deputy governor of the Bank of Canada; and BlackRock economist Elga Bartsch. Their proposal calls for “more explicit coordination between central banks and governments when economies are in a recession so that monetary and fiscal policy can better work in synergy.” The goal, according to Hildebrand, is to go “direct with money to consumers and companies in order to enliven consumption,” putting spending money directly into consumers’ pockets.
Posted by DanielS on Sunday, 15 September 2019 15:42.
The attacks were claimed by Yemen’s Houthi group, a rebel group aligned with Iran and currently fighting a war against the Saudi-led coalition which has seen a spate of similar attacks.
Iran warns U.S. after drone attacks on Saudi refineries
Smoke is seen following a fire at an Aramco factory in Abqaiq, Saudi Arabia, September 14, 2019 in this picture obtained from social media.
Iran has warned the U.S. that its bases and aircraft carriers are within range of its missiles after Tehran was blamed for drone attacks on two oil refineries in Saudi Arabia.
The attacks on Saturday—which knocked out half of Saudi Arabia’s oil output and caused massive fires—were claimed by Yemen’s Houthis, a rebel group aligned with Iran and currently fighting a war against the Saudi-led coalition which has seen a spate of similar attacks.
But U.S. Secretary of State Mike Pompeo blamed Tehran late on Saturday, arguing that there was “no evidence” that the attacks came from Yemen.
Tehran is behind nearly 100 attacks on Saudi Arabia while Rouhani and Zarif pretend to engage in diplomacy. Amid all the calls for de-escalation, Iran has now launched an unprecedented attack on the world’s energy supply. There is no evidence the attacks came from Yemen.
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9:59 PM - Sep 14, 2019
15K people are talking about this
A commander in Iran’s revolutionary guard hit back on Sunday, warning that U.S. bases within 2,000 kilometres of the country were “within range of our missiles”. He was also quoted as saying that Iran “has already been ready for a fully-fledged war.”
Later, Iranian foreign ministry spokesman Abbas Mousavi, speaking on state TV, dismissed the U.S. claim as “pointless”.
The attacks, which took place early on Saturday, caused huge fires that were later extinguished by the Saudi authorities, a Saudi interior ministry spokesman said. The attacks also cut about 50% of the company’s crude oil output, the energy minister said in a statement, according to Reuters.
UK foreign secretary Dominic Raab weighed in after speaking with his US counterpart.
He called the attack a “reckless attempt to damage regional security and disrupt global oil supplies.”
“The UK condemns such behaviour unreservedly,” he added.
Just spoke to @SecPompeo about this egregious attack on the security of Saudi Arabia. This was a reckless attempt to damage regional security and disrupt global oil supplies. The UK condemns such behaviour unreservedly.
4:11 PM - Sep 15, 2019
109 people are talking about this
Yemeni TV channel al-Masirah said the Houthis had deployed 10 drones against the sites in Abqaiq and Khurais, and the group pledged to widen the range of its attacks on Saudi Arabia.
Abqaiq, 60 km (37 miles) southwest of Dhahran in Saudi Arabia’s Eastern Province contains the world’s largest oil processing plant and Khurais, 190 km further southwest, contains the country’s second-largest oilfield.
MuradمرادAbdo@MuradAbdo22
BREAKING: #Yemen’s #Houthis Spokesman appeared in a televised statement and claimed responsibility for drone attacks against #Saudi’s #Aramco oil facilities - #SaudiArabia #US @UN
10:39 AM - Sep 14, 2019
Tensions high
Tensions are running high in the region after attacks in June and July on oil tankers in Gulf waters that Riyadh and Washington blamed on Iran. Tehran denies the accusations.
Iran-aligned Houthi fighters have also launched attacks over the border, hitting Shaybah oilfield with drones last month and two oil pumping stations in May. Both attacks caused fires but did not disrupt production.
Security forces foiled an al Qaeda attack on Abqaiq in 2006.
US Senator Chris Murphy, a Democrat on the Senate Foreign Relations Committee, called Pompeo’s tweet an “irresponsible simplification”.
“The Saudis and Houthis are at war. The Saudis attack the Houthis and the Houthis attack back. Iran is backing the Houthis and has been a bad actor, but it’s just not as simple as Houthis=Iran,” Murphy tweeted.
Aramco is preparing to float shares as early as this year as part of efforts to diversify the economy of the world’s top oil exporter away from crude. It has hired nine banks as joint global coordinators to lead the IPO and has been meeting bankers this week in Dubai as it speeds up the listing plans.
Posted by DanielS on Saturday, 14 September 2019 14:35.
This History of “Political Correctness” remains the most incisive and accurate explanation of Political Correctness - also accurately described as “Cultural Marxism”.
Blackstone Group CEO Steve Schwarzman nterviewed on Fox Business Network, 27 Apr 2018. Photo: Richard Drew/AP
TWO BRAZILIAN FIRMS owned by a top donor to President Donald Trump and Senate Majority Leader Mitch McConnell are significantly responsible for the ongoing destruction of the Amazon rainforest, carnage that has developed into raging fires that have captivated global attention.
The companies have wrested control of land, deforested it, and helped build a controversial highway to their new terminal in the one-time jungle, all to facilitate the cultivation and export of grain and soybeans. The shipping terminal at Miritituba, deep in the Amazon in the Brazilian state of Pará, allows growers to load soybeans on barges, which will then sail to a larger port before the cargo is shipped around the world.
The Amazon terminal is run by Hidrovias do Brasil, a company that is owned in large part by Blackstone, a major U.S. investment firm. Another Blackstone company, Pátria Investimentos, owns more than 50 percent of Hidrovias, while Blackstone itself directly owns an additional roughly 10 percent stake. Blackstone co-founder and CEO Stephen Schwarzman is a close ally of Trump and has donated millions of dollars to McConnell in recent years.
“Blackstone is committed to responsible environmental stewardship,” the company said in a statement. “This focus and dedication is embedded in every investment decision we make and guides how we conduct ourselves as operators. In this instance, while we do not have operating control, we know the company has made a significant reduction in overall carbon emissions through lower congestion and allowed the more efficient flow of agricultural goods by Brazilian farmers.”
Map: Soohee Cho/The Intercept
The port and the highway have been deeply controversial in Brazil, and were subjects of a 2016 investigation by The Intercept Brasil. Hidrovias announced in early 2016 that it would soon begin exporting soybeans trucked from the state of Mato Grosso along the B.R.-163 highway. The road was largely unpaved at the time, but the company said it planned to continue improving and developing it. In the spring of 2019, the government of Jair Bolsonaro, elected in fall 2018, announced that Hidrovias would partner in the privatization and development of hundreds of miles of the B.R.-163. Developing the roadway itself causes deforestation, but, more importantly, it helps make possible the broader transformation of the Amazon from jungle to farmland.
The roadway, B.R. 163, has had a marked effect on deforestation. After the devastation that began under the military dictatorship and accelerated through the 1970s and ’80s, the rate of deforestation slowed, as a coalition of Indigenous communities and other advocates of sustaining the forest fought back against the encroachment. The progress began turning back in 2014, as political tides shifted right and global commodity prices climbed. Deforestation began to truly spike again after the soft coup that ousted President Dilma Rousseff of the Workers’ Party in 2016. The right-wing government that seized power named soy mogul Blairo Maggi, a former governor of Mato Grosso, as minister of agriculture.
Yet even as deforestation had been slowing prior to the coup, the area around the highway was being destroyed. “Every year between 2004 and 2013 — except 2005 — while deforestation in Amazonia as a whole fell, it increased in the region around the B.R.-163,” the Financial Times reported in September 2017. That sparked pushback from Indigenous defenders of the Amazon. In March, Hidrovias admitted that its business had been slowed by increasing blockades on B.R. 163, as people put their bodies in front of the destruction. Still, the company is pushing forward. Hidrovios recently said that, thanks to heavy investment, it planned to double its grain shipping capacity to 13 million tons.
amazon-destruction-map-1-01-1566850165Map: Soohee Cho/The Intercept
The Amazon, where a record number of fires have been raging, is the world’s largest rainforest. It absorbs a significant amount of carbon dioxide, a major contributor to the climate crisis. The Amazon is so dense in vegetation that it produces something like a fifth of the world’s oxygen supply. The moisture that evaporates from the Amazon is important form farmlands not just in South America, but also in the U.S. Midwest, where it falls to the earth as rain. Protection of the Amazon, 60 percent of which is in Brazil, is crucial to the continued existence of civilization as we know it.
It’s widely assumed in thriller movies that if ever the truth is allowed to leak out about a powerful institution’s fundamental corruption, then its reputation must come crashing down once and for all.
But in real life, multiple disgraces can have negligible impact on an organization’s reputation in the prestige press as long as it continues to serve its function in furthering The Narrative.
I notice that among intelligent but naive young people of a scientific bent, there is a recurrent assumption that once the facts get out, then everything will change. If the 1887 Michelson-Morley experiment about the speed of light turns out negative, then the Newtonian model is shattered and eventually there must be a paradigm shift to Einsteinian relativity.
But that’s not the way it works in public affairs, where control of The Megaphone is what matters because most people can’t remember much. You have to repeat the facts over and over and over to have any chance of ever moving the needle.
For example, since the 1990s close observers of the Southern Poverty Law Center, one of America’s most profitable nonprofits (endowment in fiscal year 2018 was $471,000,000, up from $319,300,000 just two years earlier), have recognized that it is America’s most lucrative hate organization.
The SPLC’s legendary founder Morris Dees (currently on his sixth wife) is basically a sleazy Southern TV preacher type, but one who long ago figured out that poor Southern Baptists had less money to send him than rich Northern liberals. This junk-mail genius realized he could monetize the regional, ethnic, and class hatreds directed against his own people.
But isn’t it a little crass to whip up hatred of poor white Southerners among rich white Northerners? Morris had the perfect answer: He’s not the hater; it’s the people he hates who deserved to be hated because they are the haters.
Image: 
TOP FINANCIER OF TRUMP AND MCCONNELL IS A DRIVING FORCE BEHIND AMAZON DEFORESTATION
Blackstone Group CEO Steve Schwarzman nterviewed on Fox Business Network, 27 Apr 2018. Photo: Richard Drew/AP
Map: Soohee Cho/The Intercept
SPLC Founder, Morris Dees
