Iran To Execute Alleged CIA Spy For Passing Nuclear Secrets

Iran To Execute Alleged CIA Spy For Passing Nuclear Secrets

Iran announced Tuesday its judiciary is set to execute a man for “spying for the CIA” and attempting to pass information to the US related to Iran’s nuclear program, according to a Fars news agency report cited in Reuters

Authorities did not give a date for the execution of the convicted prisoner, identified as Amir Rahimpour, but only said it would happen “very soon” after the nation’s top Islamic court upheld his death sentence.

Judiciary spokesman Gholamhossein Esmaili alleged that Rahimpour received a “big payment” from the US intelligence service for his operation to leak sensitive nuclear information. “Amir Rahimpour who was a CIA spy and got big pay and tried to present part of Iran’s nuclear information to the American service had been tried and sentenced to death and recently the supreme court upheld his sentence and he will see the consequences of his action soon,” the spokesman said.

File image: DPA/DW.com

No evidence or further details related to the conviction were given — a similar scenario to prior alleged “spy rings” broken up by Iranian authorities. Last summer Iran claimed to have uncovered a major spy ring involving 17 people. The Rahimpour case appears to be related to the busted alleged spy network.

After that prior July claim by Tehran, which also included announcements that death sentences had been handed out, President Trump tweeted that “The Report of Iran capturing CIA spies is totally false. Zero truth. Just more lies and propaganda.” Iran had gone so far as to publish photos and personal information of alleged CIA operatives attempting to recruit Iranians. 

Secretary of State Mike Pompeo had told Fox & Friends at the time: “It’s part of their nature to lie to the world,” as well as, “I would take with a significant grain of salt any Iranian assertion about actions they’ve taken.”

However, it was recently confirmed that an Iranian who had worked with US intelligence was executed in 2016. Deutsche Welle reports

The last alleged US spy to be executed in Iran was Shahram Amiri, who was hung in 2016. Amiri had defected to the US at the height of Washington’s efforts to curb Tehran’s nuclear ambitions. When he returned to Iran in 2010, he received a warm welcome from politicians and was a popular guest on talk shows. He suddenly disappeared before it was confirmed that he was tried and killed for epsionage.

Iran on Tuesday cited another case involving two people falsely working ‘under cover’ of a charity who were also alleged spies.

They were each given a total of 15 years on spying and related breach of national security charges. Little further information was given, or whether or not they could be dual nationals. 


Tyler Durden

Tue, 02/04/2020 – 13:45

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Murder Charges for Maryland Cop Who Shot Handcuffed Man in Police Car

Cpl. Michael Owen Jr.

A Maryland police officer is facing murder, manslaughter, and other charges related to the mysterious shooting death of an unarmed, handcuffed man who was seated in his police cruiser last week.

Prince George’s County, Maryland, Cpl. Michael Owen Jr., 31, was charged last week for killing William Green, 43, inside his police car. Green had been picked up in the evening January 27, in response to a 911 call that Green, while driving, had struck several vehicles.

According to the police, officers suspected Green was high, possibly on PCP, and had been (according to department procedure) handcuffed and put on the passenger side of the police vehicle, restrained, while police waited to hear from a drug recognition expert. Owen was sitting in the driver’s seat, and, under unclear circumstances, pulled out his gun and shot Green seven times.

Owen was not wearing a body camera, and most police officers in Prince George’s County do not wear cameras. Some eyewitnesses recorded Green’s arrest on a phone camera that may be viewed here, but the recording stops before Green is shot. There was plenty of outrage to go around not just about the mysteriousness of Green’s shooting but the fact that the county has thus far resisted efforts to put cameras on officers.

It looks like change may be in the air. In a press conference last week announcing the charges, Police Chief Hank Stawinski bluntly said that he could not offer a “reasonable explanation” for why Owens might have opened fire on Green. Stawinski said the official story that Green might have been on PCP doesn’t appear supported, Green might not have been wearing a seat belt, and he can’t corroborate any stories of a struggle.

Only about 80 officers of the county’s 1,500 total officers have body cameras (even though the county made a big deal out of launching a pilot program for body cameras five years ago). According to The Washington Post, the issue has been funding. The chief says he supports body cameras. Many County Council members support body cameras, but efforts to mandate it for all officers have run into funding problems. The budget for 2020 has $1.2 million to cover 1,000 officers’ body cameras. In the wake of Green’s death, a council member is promising to reintroduce a bill to mandate cops wear cameras.

Owen has been charged with second-degree murder, manslaughter, assault, and other weapons charges. The Post notes that he’s been involved in two other shootings, one fatal. More details from those shootings can be found here.

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Murder Charges for Maryland Cop Who Shot Handcuffed Man in Police Car

Cpl. Michael Owen Jr.

A Maryland police officer is facing murder, manslaughter, and other charges related to the mysterious shooting death of an unarmed, handcuffed man who was seated in his police cruiser last week.

Prince George’s County, Maryland, Cpl. Michael Owen Jr., 31, was charged last week for killing William Green, 43, inside his police car. Green had been picked up in the evening January 27, in response to a 911 call that Green, while driving, had struck several vehicles.

According to the police, officers suspected Green was high, possibly on PCP, and had been (according to department procedure) handcuffed and put on the passenger side of the police vehicle, restrained, while police waited to hear from a drug recognition expert. Owen was sitting in the driver’s seat, and, under unclear circumstances, pulled out his gun and shot Green seven times.

Owen was not wearing a body camera, and most police officers in Prince George’s County do not wear cameras. Some eyewitnesses recorded Green’s arrest on a phone camera that may be viewed here, but the recording stops before Green is shot. There was plenty of outrage to go around not just about the mysteriousness of Green’s shooting but the fact that the county has thus far resisted efforts to put cameras on officers.

It looks like change may be in the air. In a press conference last week announcing the charges, Police Chief Hank Stawinski bluntly said that he could not offer a “reasonable explanation” for why Owens might have opened fire on Green. Stawinski said the official story that Green might have been on PCP doesn’t appear supported, Green might not have been wearing a seat belt, and he can’t corroborate any stories of a struggle.

Only about 80 officers of the county’s 1,500 total officers have body cameras (even though the county made a big deal out of launching a pilot program for body cameras five years ago). According to The Washington Post, the issue has been funding. The chief says he supports body cameras. Many County Council members support body cameras, but efforts to mandate it for all officers have run into funding problems. The budget for 2020 has $1.2 million to cover 1,000 officers’ body cameras. In the wake of Green’s death, a council member is promising to reintroduce a bill to mandate cops wear cameras.

Owen has been charged with second-degree murder, manslaughter, assault, and other weapons charges. The Post notes that he’s been involved in two other shootings, one fatal. More details from those shootings can be found here.

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Biden Threatens Lawsuit To Halt Release Of Real Iowa Caucus Results

Biden Threatens Lawsuit To Halt Release Of Real Iowa Caucus Results

The Democratic candidates appear to be headed for an epic court battle to determine who won the Iowa caucus – a court battle that could potentially outlast the entire primary season and ensure that the real winner of Iowa (cough – Bernie Sanders – cough) is never revealed.

Following a morning of grumblings and whispers among the five campaigns – Warren, Klobuchar, Biden, Buttigieg and Sanders – the Biden campaign has sent a letter to the Iowa Democratic Party warning them that Biden is ready to take the issue of who actually won the primary all the way to the Supreme Court.

Biden campaign general counsel Dana Remus sent a letter to top Iowa party officials demanding “full explanations and relevant information” about the abysmal breakdown of the Dems support-tallying app.

The letter noted that both the primary system for counting votes – the app made by mysterious Bond-villain wannabe SHADOW – and the backup system – telephonically phoning in results – failed. Now, caucus chairs, the leaders of each individual caucus district, are attempting to report results via telephone to the party brass, but many of them aren’t getting through.

But here’s the kicker: The Biden campaign would like a “full explanation” of what happened before the results are released.

That little detail shows exactly what the Biden campaign is getting at. His team is clearly aware that the chaos benefited all of the centrists still in the running – Buttigieg, Biden and Klobuchar – while hurting Sanders (believed to be the real winner) and Warren.

The letter was sent before a Tuesday morning conference call between the IDP and the campaigns. During the call, the party said they would report half of the results at 5 pm ET (4 pm local time). There were reportedly many objections to this plan on the call. We imagine most of those objections came from the Buttigieg and Biden camps.

As Nate Silver explains, if the results aren’t released immediately, the winners will be robbed of the post-Iowa bump, giving the moderates in the race a ‘mulligan’.

Other reports claim Bernie campaign staffers went around recording vote totals at many Iowa precincts – unbeknownst to the party machine. When their early tallies didn’t match the recorded results from campaign workers, his campaign sent 5 lawyers to complain.

Biden just needs to stay in the game until we get to South Carolina, where Sanders is weakest. Meanwhile, political talking heads are talking about how this incident could rob Iowa of its first-in-the-nation status. But if a legal battle erupts, Biden wins by default: A delay in releasing the Iowa results is a win for Biden and Buttigieg, and a huge problem for Bernie – at least in theory.

In reality, his campaign now has plenty of ammunition to revive the narrative that the primary has been rigged against him – much to the consternation of party loyalists.

American democracy – ain’t it grand?


Tyler Durden

Tue, 02/04/2020 – 13:26

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It Ain’t Over Yet… Projecting “Wave 2” And “Wave 3” Of The Coronavirus Pandemic

It Ain’t Over Yet… Projecting “Wave 2” And “Wave 3” Of The Coronavirus Pandemic

Authored by Charles Hugh Smith via OfTwoMinds blog,

It’s too early to declare victory and too early to assume the virus can be completely eradicated in a few weeks on the SARS model.

Many people are already anticipating the end of the coronavirus pandemic and a quick return to “normal life” and renewed global growth. But if we examine the history of previous pandemics and the spread of this contagious virus, we reach a much different conclusion: “Wave 2” and “Wave 3” arising after the initial wave recedes are distinct possibilities.

The corporate media and conventional economists in the U.S. and China’s PR machine share a common goal: reassure consumers in the U.S., China and the rest of the world that everything will return to normal soon and they should continue buying stuff they don’t need (5G phones, etc.) with borrowed money.

Meanwhile, authorities in China are tracking down everyone with a Wuhan residency ID card in the hopes that quarantining every one of the tens of thousands of Wuhan residents who traveled before the citywide quarantine took effect will stop the pandemic.

There are two problems with this official assumption that house-arresting everyone from Wuhan will end the pandemic:

1. Given that Wuhan residents traveled freely around China for the month before the citywide quarantine, infecting people in other cities, there is now a pool of carriers who did not come from Wuhan, so quarantining everyone from Wuhan won’t stop these people from infecting others.

2. Much of the dirty, poorly paid work in China’s cities is done by “illegal migrants” from rural areas who don’t have official residency in the city. These people may have lived and worked in Wuhan but do not have Wuhan ID cards. They make up another reservoir of virus carriers who it will be difficult to track down and quarantine via residency permits and ID.

As mentioned previously, many of the hundreds of thousands of Chinese with overseas jobs returned home for New Years and are now anxious to get back to their jobs in other countries. Those without symptoms who are outside locked-down cities are free to find “work-arounds” to exit China by whatever means are available. Some consequential percentage of these people might be asymptomatic carriers of the virus.

As the city-wide quarantines limit the spread of the virus, victory will be declared and the quarantines will be lifted. But since the reservoirs of the virus have not been eliminated, the virus will start spreading again once the quarantines are lifted. This is “Wave 2.”

Pandemics tend to decline in summer and then re-emerge in Fall. These renewed pandemics may be even more consequential than the first wave.

If an effective vaccine is developed and billions of doses are made and distributed globally by Fall, then a re-emergence will have been thwarted. But that’s a tall order, and there may be areas where the vaccine (assuming one is developed) is not universally distributed.

A re-emergence in Fall would be “Wave 3.” Perhaps this wave will be limited to impoverished nations without adequate healthcare systems; perhaps the virus mutates in some unexpected way. It’s too early to declare victory and too early to assume the virus can be completely eradicated in a few weeks on the SARS model.

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Tyler Durden

Tue, 02/04/2020 – 13:05

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Tech Firm Whose Half-Baked App Cocked Up Iowa Results Run By Ex-Clinton, Obama Staff

Tech Firm Whose Half-Baked App Cocked Up Iowa Results Run By Ex-Clinton, Obama Staff

An app developed by a Democratic digital nonprofit group that botched the Iowa caucus results is run by former staffers for Hillary Clinton’s 2016 campaign, Obama’s presidential campaign, as well as Google, Apple and former DNC employees.

The app was created by Shadow, Inc., which was acquired in January 2018 by the nonprofit, ACRONYM and paid $60,000 by the Democratic Party for “website development – which, according to the Huffington Post, was used to develop the app which caucus site leaders were supposed to use to upload the results at their locations. According to the Post, Shadow CEO Gerard Niemira, COO James Hickey and product manager Ahna Rao worked together on the Hillary for America campaign.

Shadow CEO Gerard Niemira (left), product manager Ahna Rao (center) and COO James Hickey (right) all worked on the Hillary for America campaign (LinkedIn profiles via the Daily Mail)

As the Washington Examiner reports, the Nevada Democratic Party also paid Shadow $58,000 for “website development.”

Perhaps even more disturbing, however, is FEC filings which reveal Presidential candidate Pete Buttigieg’s campaign paid the software company tens of thousands of dollars on July 23, 2019 for “software rights and subscriptions.” Buttigeig, the former mayor of South Bend, Indiana, claimed victory on Monday night before any official numbers were in, saying in a tweet that he was “going on to New Hampshire victorious.” His campaign claims they paid Shadow for “text messaging services to help us contact voters.”

ACRONYM CEO Tara McGowan was notably very excited after Buttigieg announced his candidacy.

ACRONYM, meanwhile, has distanced themselves from Shadow, Inc., claiming that they are merely “an investor.” In a late Monday statement, spokesman Kyle Tharp stated last Monday that the nonprofit is “not a technology company,” and has “not provided any technology to the Iowa Democratic Party, Presidential campaigns, or the Democratic National Committee.”

Shadow’s App was supposed to make reporting caucus results faster and more convenient, only to completely fail on Monday after numerous Iowa Democrats reported major problems trying to download the app and upload results.

In a Tuesday morning statement, Iowa Democratic Party Chair Troy Price acknowledged that Shadow’s app was at fault, and that backup procedures had taken longer than expected.

While the app was recording data accurately, it was reporting out only partial data,” said Price. “We have determined that this was due to a coding issue in the reporting system. This issue was identified and fixed.”

The party says they used paper documentation to verify that the app’s data was “valid and accurate,” and that the results will be released “as soon as possible today.”


Tyler Durden

Tue, 02/04/2020 – 12:44

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WHO Chief Praises China’s “Forceful Measures”, Blasts Rest-Of-World For Causing “Fear & Stigma”

WHO Chief Praises China's "Forceful Measures", Blasts Rest-Of-World For Causing "Fear & Stigma"

In yet another stunning statement from the Director-General of the World Health Organization, up is down, war is peace, and caution is dangerous.

Having once again earlier denied that the novel coronavirus is a ‘pandemic’, saying instead that it’s an epidemic with “multiple foci,” and with people dropping down dead on the streets in China (and being forced into ambulances), WHO Director-General Tedros reiterated his previous stunning praise for China’s “forceful measures” to halt the spread of the virus.

However, a member of the World Health Organization’s emergency committee on coronavirus has accused China of not reporting cases fast enough in the early stages of the outbreak last month, raising fresh questions about Beijing’s response to the health emergency. John Mackenzie, emeritus professor at Curtin University, said it defied logic that there was no increase in new cases at the same time that Chinese officials were holding local political meetings in January.

“There must have been more cases happening that we weren’t being told about. I think they tried to keep the figures quiet for a while because of some major meeting they had in Wuhan but I think there was a period of very poor reporting, or very poor communication,” he said, calling Beijing’s response “reprehensible”.

“I think [China] were very quick to let WHO know . . . about it being a novel disease, they were very quick in being able to isolate the virus and share the genome sequence but I think on some of the more government public health type issues, they have been rather recalcitrant.”

Additionally, Tedros appeared to blast the rest of the world, advising countries NOT to impose travel or trade restrictions on China, saying that such measures can cause “fear and stigma.”

This is happening at the same time as China is blocking travel to Macau and enforcing martial law almost nationwide.

Since when did the WHO not err on the side of caution? This is stunningly irresponsible advice.

We are reminded of Peak Prosperity’s Chris Martenson’s comments that WHO appears to be prioritizing money over human life.

The W.H.O. then proceeded to downplay the risk to public health and took pains to make it clear it doesn’t recommend placing restrictions on global trade & travel at this time. What?!? When we may be in dealing with a viral outbreak as (or more!) virulent than the Spanish Flu? (aka The Great Influenza)

Folks, this is nothing less than a political decision to keep business/commerce flowing without regard to public health. The W.H.O. has chosen money over people’s lives.


Tyler Durden

Tue, 02/04/2020 – 12:25

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A Failed Coup Of A Failing Establishment

A Failed Coup Of A Failing Establishment

Authored by Patrick Buchanan via Buchanan.org,

It has been a bad few days for the establishment, really bad.

In a 51-49 vote, the Senate refused to call witnesses in the impeachment trial of Donald Trump and agreed to end the trial Wednesday, with a near-certain majority vote to acquit the president of all charges.

As weekend polls show socialist Bernie Sanders surging into the lead for the nomination in the states of Iowa, New Hampshire and California, the sense of panic among Democratic Party elites is palpable.

Former Secretary of State and Joe Biden surrogate John Kerry was overheard Sunday at a Des Moines hotel talking of the “possibility of Bernie Sanders taking down the Democratic Party — down whole.”

Tuesday, Trump takes his nationally televised victory lap in the U.S. Capitol with his State of the Union address, as triumphant Majority Leader Mitch McConnell and a humiliated Speaker Nancy Pelosi sit silently side-by-side behind him.

Democrats may declare the Trump impeachment a victory for righteousness, but the anger and outrage, the moans and groans now coming off the editorial and op-ed pages and cable TV suggest the media know otherwise.

History, we are told, will vindicate what Pelosi and the Democrats did and stain forever the Republican Party for voting to acquit.

Perhaps, but only if some future Howard Zinn is writing the history.

Reality: The impeachment of Trump was an attempted — and failed — coup that not a single Republican supported, only Democrats in the House and their Senate caucus. The impeachment of Trump was an exercise in pure partisanship and itself an abuse of power.

What was the heart of the Democrats’ case to remove Trump?

Trump failed to invite Ukrainian President Volodymyr Zelenskiy to the White House, and held up military aid to Kyiv for several months, to get Zelenskiy to hold a press conference to announce that Kyiv was looking into how Hunter Biden got on the board of a corrupt energy company at a retainer of $83,000 a month while his father was the chief international monitor of corruption in Ukraine.

The specific indictment: Trump’s suspension of military aid imperiled “our national security” by denying arms to an “ally” who was fighting the Russians over there, so we don’t have to fight them over here.

And what was the outcome of it all?

Zelenskiy got his meeting with the president. He got the military aid in September. He did not hold the press conference requested. He did not announce an investigation of the Bidens.

No harm, no foul.

How did President Obama handle Ukraine?

After Vladimir Putin annexed Crimea and intervened to protect pro-Russian secessionists in the Donbass, Obama’s White House restricted U.S. lethal military aid to Kyiv and provided blankets and meals ready to eat.

What punishment did House and Senate Democrats and anti-Trump media demand for the pause in sending weapons for Ukraine?

Capital punishment, a political death penalty.

Democrats demanded that a Republican Senate overturn the election of 2016, make Trump the first president ever impeached and removed, and then ensure that the American people could never vote for him again.

Nancy Pelosi’s House and the Democratic minority in the Senate were demanding that a Republican Senate do their dirty work and keep Trump off the ballot in 2020, lest he win a second term.

For four years, elements of the liberal establishment — in the media, “deep state” and major institutions — have sought to destroy Trump. First, they aimed to smear him and prevent his election, and then to overturn it as having been orchestrated by the Kremlin, and then to impeach and remove him, and then to block him from running again.

The damage they have inflicted upon our country’s institutions is serious.

U.S. intelligence agencies are being investigated by U.S. Attorney John Durham for their role in instigating an investigation of a U.S. presidential campaign. The FBI has been discredited by exposure of a conspiracy of top-level agents to spy on Trump’s campaign.

The media, by endlessly echoing unproven claims that Trump was a stooge of the Kremlin, discredited themselves to a degree unknown since the “Yellow Press” prostituted itself to get us into war with Spain. Media claims to be unbiased pursuers of truth have suffered, not only from Trump’s attacks, but from their own biased and bigoted coverage and commentary.

The NSC and State Department have been exposed as employing individuals with an exaggerated view of their role in the origination and the execution of foreign policy. Disloyalty and animosity toward the chief executive appear to permeate the upper echelons of the “deep state.”

Not in our lifetime have the institutions of government and the establishment been held in lower regard.

Almost all now concede we have become an us vs. them nation.

How we accomplish great things again, giving our seemingly unbridgeable differences, remains a mystery.


Tyler Durden

Tue, 02/04/2020 – 12:15

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The Iowa Caucuses Have Always Been Terrible

On yesterday’s Reason Roundtable podcast, my colleague Matt Welch asked an open-ended question: What outcome do you hope for from the Iowa caucuses, however unrealistic? 

The answer I decided not to give because it seemed too glib was: It’s a shame they can’t all lose. 

Yet here we are. 

It’s the morning after the caucuses, and, thanks to a combination of rule changes and  (probably avoidable) technological foibles that resulted from a poorly tested, dysfunctional results-reporting app, there are still no official results.

The state Democratic Party, which took hours to even begin to explain the delay, has blamed vague “inconsistencies” in the reporting and offered precious little information about what actually happened. 

Several candidates gave not-quite-victory speeches of varying degrees of confidence, and campaign memos based on internal reporting made various arguments for victory. Former Vice President Joe Biden, meanwhile, who has a history of poor performance in Iowa, and who looked to be slipping in the polls in the final weeks before the vote, is now formally complaining that the reporting process had “considerable flaws.” 

Someone, probably Sen. Bernie Sanders (I–Vt.), actually won last night’s caucuses. But we may never know the actual result with total certainty.

And the delayed results mean that, at minimum, the process was useless to the candidates who spent millions of dollars and months of their lives (along with the time and effort of campaign staffers and volunteers) in hopes of winning the state, not so much for the tiny number of electoral delegates it provides but for the morning-after boost in momentum leading into next week’s New Hampshire primary. 

Last night’s election was an utter fiasco—a meltdown of small-d democracy—in which the system simply failed. As Eric Levitz wrote in New York magazine, the caucuses “effectively produced a five-hour-long infomercial for the Democratic Party’s administrative incompetence, broadcast across all of the major news networks.” And it wasn’t the first such failure either. 

Over the last several years, the Iowa caucuses have been the site of multiple systemic breakdowns. In the 2012 Republican caucuses, state officials initially declared Mitt Romney the winner; eventually, that decision was reversed, and Rick Santorum was belatedly granted the top slot. In 2016, an extremely close result between Democratic rivals Hillary Clinton and Bernie Sanders led to a series of rule changes and new reporting requirements that raised the hypothetical possibility that there could be multiple winners, each claiming victory based on a different metric. 

In a democracy, the point of an election system isn’t just to create a mechanism for casting and counting votes. It’s to confer broad-based legitimacy on the result, in which most people can generally agree that the system is transparent, functional, and fair. To do this, it’s important to demonstrate competence and reliability. The consistent breakdowns in Iowa have instead done the opposite. Even after the final results are announced, it may be that the effective result is that no one really won. 

Breakdowns like this have broader cultural effects, and they contribute to the sense that important institutions simply don’t work, that they can’t be trusted to deliver accurate and impartial results. When you see national survey results showing that trust in government institutions is at an all-time low, this sort of high-stakes foul-up is why. 

Yet the problems with Iowa go much deeper than a broken app and voting rules so inscrutable they make Destiny 2‘s maddeningly complex leveling system look like a game of Go Fish. In its modern incarnation as the official start to presidential election season, which dates back to 1972, the Iowa caucuses have always been, in some sense, illegitimate.

It’s a small state that’s not demographically or culturally representative of the rest of the country, meaning that large blocs of voters, especially minorities, are underrepresented in a contest that helps shape the rest of the race. Iowa voters are disproportionately older, and the relatively high religiosity of Iowa voters and their discomfort with immigrants has, over the years, tilted national politics in a direction that, all else being equal, is more socially conservative and less immigrant-friendly. For years, the influence of the state’s corn farmers helped maintain political support for ethanol subsidies and fuel mandates, despite just about every economist and policy analyst agreeing that they were a lousy idea. 

Meanwhile, national political media would descend on Iowa every four years to lavish it with attention, using it as an early proxy for the overall state of the race. In recent years, journalists have become more alive to the ways that Iowa isn’t representative, but the frenzy of attention has nonetheless conferred a special status on the state and its opening electoral throwdown. Even with critical coverage, Iowa set the tone for the race to come, ensuring that it would represent the interests of a select and special few rather than the larger voting population. 

The best argument for Iowa’s primacy has always been its intimacy, the way that the manageable scale of the state might allow lesser-known candidates with less funding to connect in person with voters. (The small size no doubt helped journalists trying to cover the race too.) But in the age of social media politics and intimate-interview podcasts, in which politics—especially for younger voters—is increasingly conducted in online forums and virtual communities, this argument carries less and less weight. 

Meanwhile, even Iowans don’t seem all that excited about their caucuses: Overall turnout was middling, and first-time participation was down.

America doesn’t need Iowa to set the tone for its presidential elections. American politics doesn’t need Iowa to show up early and try to pick a winner. Iowa isn’t America, and America isn’t Iowa.

There are already rumblings about ending Iowa’s reign of terror, about replacing it with some other system that might be more demographically representative, less culturally conservative, less beholden to the narrow interests of corn farmers. Or, at the very least, that could accurately report an election result in a reasonable period of time. A system, in other words, that could confer some small measure of legitimacy, not to mention a reasonable night’s sleep.  

One can only hope. Everyone competing in last night’s caucuses may have lost, but if Iowa’s caucuses end up less influential in future presidential elections, we’ll all end up winners. 

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Hyundai, Kia Factories Crippled In South Korea As Part Suppliers In China Remain Closed

Hyundai, Kia Factories Crippled In South Korea As Part Suppliers In China Remain Closed

A globalized world is full of complex supply chains that wind in and out of countries. When one country goes offline, the chain breaks, and that’s exactly what’s happening in Asia. 

Yonhap News reports that Hyundai Motor Co. and its sister Kia Motors Corp. suspended production lines in South Korea after it was hit with a parts shortage from China as the coronavirus outbreak continues to leave entire manufacturing hubs shut down.

Hyundai is expected to close four South Korean plants by Friday. 

The plants are expected to reopen on Feb. 10 or 11, but that entirely depends if manufacturing plants, cities, and transportation networks open in China. 

“If auto parts factories in China resume operations on Feb. 10 or 11, production losses from lack of parts will be limited,” the spokesman said. However, if the factories in China where Hyundai sources parts from remain closed through early next week, then severe supply chain disruptions will be seen, causing production output to crater in South Korea. 

Vice President Ha Eon-tae, head of Hyundai’s main plant, emailed workers at Ulsan plants on Monday, specifying how production suspensions are imminent because part suppliers in China remain closed due to the virus.

According to the local union, Kia, which is 34% owned by Hyundai, has had output reduced in Hwaseong and Gwangju, outside of Seoul, for similar issues.

Hyundai and Kia, together, are the world’s fifth-largest carmaker by sales. If production lines in South Korea are halted and extend past next week, then a slump in economic output could weigh down South Korean 1Q GDP figures. 

The fallout from the virus could force investors to reprice growth across the world. This would undoubtedly weigh on risk asset prices that remain near all-time highs. 


Tyler Durden

Tue, 02/04/2020 – 11:53

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