Robocop Is Here – New “Smart” Police Helmet Scans For COVID-19 & Uses Facial Recognition

Robocop Is Here – New “Smart” Police Helmet Scans For COVID-19 & Uses Facial Recognition

Tyler Durden

Sun, 08/30/2020 – 22:55

Authored by Jack Burns via The Free Thought Project,

It took 33 years but Robocop is now here. Well, not exactly, but the rise of the police state fueled by advancements in technology have given birth to a heads up display equipped helmet sure to please the most anxious of peace officers. It’s called a “Smart Helmet” and it can screen airport passengers for the COVID-19 virus as well as provide the scanning officer with other vital records.

Public officials in Flint, Michigan cannot provide clean drinking water to their residents but travelers to Bishop International Airport can get a glimpse of the new robotic cop helmets where they’re currently deployed.

Under the guise of screening passengers for COVID-19, the Smart Helmet, produced by KeyBiz based in Italy, can scan travelers’ body temperatures from over 20 feet away.

But the Smart Helmet is not limited to temperature body scans which any laser guided thermometer can do, not in the slightest. Facial recognition software is installed which can provide the police officer with information related to outstanding warrants, if an individual is identified on a terror watch list or a no-fly list, and can read license plates for outstanding warrants, stolen vehicle information, criminal histories, etc. Even if you are completely innocent, you will be subject to these scans.

Temperature scans can be done at a distance of 21 feet or less. The helmets have already been deployed in Italy and elsewhere around the world. Michigan’s ABC12 reports if someone’s temperature is in excess of 100.4 degrees, more investigation into the traveler’s health will be conducted to determine if the passenger is too sick to travel.

Anyone who isn’t a passenger who registers a temperature above 100.4 degrees will be asked to leave the terminal building after police conduct some limited coronavirus contact tracing to find out what areas of the building may have been exposed.

We at TFTP have warned our readers for quite some time the COVID-19 pandemic would be used as an onus for a greater invasion of privacy. Some of us here at TFTP are old enough to remember when boarding a plane was a simple as buying a ticket and getting aboard.

Fast forward nearly 20 years and there are quite a few things which happen the minute your ticket is purchased.

First, your name, age, and birth date are checked to see if you’ve been added to a terror watch list, a no-fly list or otherwise. Then, when you’re cleared to travel, you must soon possess a “Real ID”. Without it (come October) you won’t be allowed to fly. Upon arrival to the airport, your identification is scanned and further checked in databases for any flags which may arise.

Afterward, all of your pockets must be emptied, your shoes taken off, your belts, hats, and metal jewelry removed. You’re placed into a sniffing device to check to see if you’re carrying the scent of bomb making materials.

Next, your entire body image is scanned. Later, a total stranger may pat you down and grope your private parts as you wait for the all clear sign to be given at which time you can retrieve your belongings. But that’s only if the x-ray technician doesn’t think your hand sanitizer has too many ounces in its container.

Now, it seems Mr. Robocop will take your temperature against your will, search through your criminal history and examine your facial features. All of these things will likely be cataloged in another alphabet agency’s database.

The entire invasion of privacy will fall under the auspices of fears surrounding a fairly mild pandemic using slogans like “it’s for your health and safety.” And you thought it was about keeping America safe from terrorism. Think again, this makes me long for the good ole days when the only danger in flying was smelling like cigarette smoke from all the puffers aboard.

via ZeroHedge News https://ift.tt/3hHPMRH Tyler Durden

Organized Crime, Drug Cartels, Illegal Hacking and Retaliation: A Tesla Whistleblower Tells All

Organized Crime, Drug Cartels, Illegal Hacking and Retaliation: A Tesla Whistleblower Tells All

Tyler Durden

Sun, 08/30/2020 – 22:30

In an explosive podcast interview with noted Tesla skeptics @TeslaCharts and @georgia_orwell_, former Tesla employee-turned-whistleblower Karl Hansen makes shocking allegations about what transpired at Tesla’s Nevada Gigafactory in the spring and summer of 2018. The interview was published earlier today on TC’s Chartcast as a two-part series.

In Part One, the hosts establish Hansen’s credentials and the scope of his employment at Tesla as a member of their in-house security and investigations team.  Hansen describes his investigations into widespread theft of copper and other raw materials from the Gigafactory, and how Tesla’s CEO, Elon Musk, focused on the need to keep the existence of this theft out of the media. Hansen then shares how a tip from the Drug Enforcement Agency caused him to develop evidence of a widespread drug cartel operation inside the Gigafactory. As Hansen continued to press his investigation, his access to internal Tesla systems became restricted.

In Part Two, Hansen alleges that a team of former Uber security experts, hired into Tesla by Musk and reporting to him directly, illegally hacked the personal devices of several employees, including the personal phone of Marty Tripp, another former Tesla employee-turned-whistleblower. Hansen then recounts his own experience as a whistleblower and how he was ultimately confronted by Musk directly after filing a complaint with the Securities and Exchange Commission.

At one point, Hansen collaborated with the Federal Bureau of Investigation for several months after leaving Tesla, only to discover that the investigation was killed despite significant evidence of probable cause. The interview ends with a discussion about the devastating impact this has had on Hansen’s life.

via ZeroHedge News https://ift.tt/3lAD89a Tyler Durden

The Attempt To Overthrow America

The Attempt To Overthrow America

Tyler Durden

Sun, 08/30/2020 – 22:05

Authored by Guy Millière via The Gatestone Institute,

The death of George Floyd in Minneapolis on May 25, 2020 might appear, looking back, as a pretext for mayhem. His reported killing by a white police officer was immediately followed by a wave of riots during which neighborhoods in several major cities were devastated. Stores were looted, buildings were burned and people were murdered as mayors and other local public officials chose to let the rioters run wild, whip up racial conflict and protect the criminals rather than the citizens being brutalized. The riots quickly appeared to have nothing to do with Floyd’s death and everything to do with groups seeking to overthrow America.

In the past, members of the radical organization Antifa had committed acts of violence, but never before had been able to sow terror throughout major cities. This time, they could and they did.

In addition, the Marxist movement Black Lives Matter (BLM), which seemed to have disappeared since the election of President Donald J. Trump — who, incidentally, did more for the black and Hispanic minority communities in three years than anyone had done for decades — suddenly reappeared, well-funded and well-organized, at the heart of the riots. BLM received further support from the mayors of several major cities and gained even more popularity while attacking first the statues of former slave-owners, such as George Washington, and then those of the escaped slave and abolitionist Frederick Douglass. In Washington, DC and New York City, “Black Lives Matter” was painted on avenues in huge yellow letters – in New York by the mayor himself.

This may have been the first time in US history that a Marxist movement received corporate support: Amazon, Microsoft, Nabisco, Gatorade, Deckers and other large American firms donated hundreds of thousands of dollars to the Black Lives Matter Global Network Foundation, now a major beneficiary of US corporate largesse. Many colleges and universities also joined in backing the movement. The trustees of Princeton University decided to remove Woodrow Wilson’s name from the university’s school of public policy. They said that they had examined the “long and damaging history of racism in America” and that Wilson’s “racist thinking and policies make him an inappropriate namesake for a school or college”. Calls to “#CancelYale” surged across social media, alleging that Yale’s namesake, Elihu Yale, was a slave-owner and slave-trader, and that the university must change its name, as well. Yale University President, Peter Salovey, however, said that would not be done, explaining that Yale was “relatively unexceptional in his own time.”

Also for the first time, mayors of many cities and other local officials have deliberately protected criminals over law-abiding citizens and allowed the destruction to take place. Seattle’s Mayor Jenny Durkan abandoned an entire area of ​​the city, dubbed CHAZ (and later CHOP) to rioters and suggested that the police-free zone would create a “summer of love“, then did nothing while rapesvandalism and murders took place. Portland’s Mayor Ted Wheeler has allowed for nearly three months an entire district fall prey to rioters. The city councils of New York and Los Angeles, America’s two largest cities, voted to cut the budgets of their police forces drastically. The Minneapolis City Council went even further and voted to disband the city’s police force altogether.

Speaker of the House Nancy Pelosi, in a seeming surrender to the mob, began referring to the pandemonium in Portland as the “immense power of peaceful protests” and compared federal law enforcement officers trying to defend a federal building against marauding arsonists to Nazi-era “stormtroopers.”

Former President Barack Obama, speaking at the funeral of a civil rights leader, Congressman John Lewis, compared President Trump to the segregationist governor of Alabama in the 1960s, George Wallace — who happened to be a Democrat. He spoke of “police officers kneeling on the necks of Black Americans,” distorting the facts. In Minneapolis, a single policeman had knelt on the neck of a single black American, once. The police officer is in jail, awaiting trial, and his abuse has been severely and universally condemned.

The idea that the American police are “racist” has been used to justify riots and destruction. Some police officers may well be racist, but accusing all American police officers of racism does not align with the facts. Statistics show that the vast majority of black people killed by police officers are armed and dangerous. Moreover, the police officers involved are sometimes black. Statistics also show that, on average, 94% of the black people killed each year in the US are killed by other black people. But many people who talk about racism do not seem even slightly concerned about those black lives that have been taken. During the riots — in which people were killed by rioters or by looters who used the riots as cover — the main victims were black people, sometimes children.

Already in 2017, former Speaker of the House Newt Gingrich had worried about the sporadic riots that were breaking out, for instance, when conservative speakers were invited to speak. The United States, he said , “is in the throes of a one-sided cultural civil war…. Surrender or fight – our country is at stake.”

The situation, in fact, had become “worrying” even before the results of the 2016 presidential election were known.

As we now can read in the report by Department of Justice Inspector General Michael Horowitz, the senior levels of government during the Obama Administration were colluding to prevent President Trump from winning the election, and then, after it, to frame him in an attempted coup d’état.

On the day after the election, people took to the streets with signs saying, “Not my President”: President Trump’s legitimacy was immediately questioned. On the day of his inauguration, in the downtown area of Washington DC, violent riots and acts of vandalism took place.

During the weeks that followed, President Trump was accused, with no evidence, of “collusion with Russia”. The false charges lasted for more than two years and may well have hampered the management of the country. Former CIA Director John Brennan claimed that President Trump had “worked with Russians” and was “treasonous“. When the accusations turned out to be unfounded, the president’s accusers, in the hope of impeaching him, turned to a telephone conversation between President Trump and Ukrainian President Volodymyr Zelensky. President Trump was described as having “endangered the security of the country”. An impeachment procedure, conducted in violation of all of the rules, followed. When law professor Jonathan Turley pointed out that the procedure was violating the rules, he received death threats. Retired Harvard Professor Alan Dershowitz said that “For Congress to impeach President Trump for abuse of Congress would be an abuse of power by Congress”. Left-wing members of the House of Representatives went ahead impeaching the president anyway. They failed.

In the effort to overturn the lawful 2016 election — and to coerce witnesses to “flip” and testify falsely against President Trump — the lives of others were ruined as well.

Evidence now clearly shows that General Michael Flynn, an outstanding four-star general and war hero, was the victim of an entrapment plot that forced him to resign, ruined him financially, and came close to destroying his life. He is now in the throes of an attempt to entrap him again by a politicized judge, Emmett Sullivan, and a politicized judiciary. Although the prosecutor, the Department of Justice, dropped the case after it was disclosed that vast amounts of exculpatory evidence had been withheld — Judge Sullivan decided, illegally and in the finest tradition of the former Soviet Union, that he would be both the judge and the prosecutor, and continue to try the case that he was supposed to be impartially judging. The trial is still ongoing. Carter PageGeorge PapadopoulosRoger Stone and Jerome Corsi were among other innocent citizens who also had their lives upended.

Attorney General William Barr recently said:

“I thought things were partisan and tough 30 years ago — nothing compared to today. Things have fundamentally changed… [the left] represents a revolutionary Rousseauian party that believes in tearing down the system… They’re interested in complete political victory. They’re not interested in compromise. They’re not interested in dialectic, exchange of views… It’s a substitute religion. They view their political opponents… as evil because we stand in the way of their progressive utopia that they’re trying to reach…”

As Barr said recently when testifying at House of Representatives committee: “Since when is it okay to burn down a federal court?”

Thirty years ago, many things were indeed different. Destructive forces, however, were at work. A few authors attempted to sound an alarm, without success.

In a book published in 1992, The Devaluing of America: The Fight for Our Culture and Our Children, former Secretary of Education William J. Bennett quoted prominent Democrat historian Arthur M. Schlesinger Jr.:

“The bonds of national cohesion in the republic are sufficiently fragile already. Public education should aim to strengthen those bonds not to weaken them… The alternative to integration is disintegration”.

The same year, policy analyst Martin Anderson published Impostors in the Temple: American Intellectuals Are Destroying Our Universities and Cheating Our Students of Their Future. “They pretend to teach”, he wrote, “they pretend to do original, important work. They do neither. They are impostors in the temple. And from these impostors most of the educational ills of America flow.”

The same year again, the esteemed economist and social commentator, Thomas Sowell, who happens to be black, wrote in his book, Inside American Education:

“Whether blatant or subtle, brainwashing has become a major, time-consuming activity in American education at all levels”.

There is arguably more at work than brainwashing. There is also the long march of the radicals through American institutions described by Roger Kimball in his book The Long March: How the Cultural Revolution of the 1960s Changed America. Now, as those students have graduated, they are now part of the government and large corporations, subverting Western culture from within.

American author David Horowitz, described what has been happening since November 8, 2016 as “sabotage”, and wrote recently:

“On the Rotunda of the Jefferson Memorial in Washington is inscribed these words: ‘I have sworn upon the altar of God eternal hostility against every form of tyranny over the mind of man.’ This statement by Thomas Jefferson is the heart of the democracy in whose founding he played so central a role. It is why the First Amendment of the Bill of Rights is the First Amendment and not the Second, or Fourth, or Fifth.

“Today our nation is facing the most serious threat to establish such a tyranny in our entire history.”

via ZeroHedge News https://ift.tt/3lwzWeJ Tyler Durden

No Al Gore, The Military Won’t Remove Trump In Contested Election

No Al Gore, The Military Won’t Remove Trump In Contested Election

Tyler Durden

Sun, 08/30/2020 – 21:40

Last week, former Vice President and failed presidential candidate Al Gore claimed that if President Trump were to declare the results of the 2020 election illegitimate, the military would physically remove him from office.

“I hear people saying, ‘Well, would he accept that decision?’ Well, it doesn’t matter because it’s not up to him. Because at noon on January 20th, if a new president is elected… the police force, the Secret Service, the military, all of the executive branch officers, will respond to the command and the direction of the new president,” gore told Reuters EIC Stephen J. Adler in an online interview (via the Daily Beast).

Not so fast Al…

According to the chairman of the Joint Chiefs of Staff, Gen. Mark Milley, the US armed forces will do no such thing.

“I believe deeply in the principle of an apolitical U.S. military,” Milley said in written responses on Friday to several questions posed by two Democratic members of the House Armed Services Committee, according to AP.

In the event of a dispute over some aspect of the elections, by law U.S. courts and the U.S. Congress are required to resolve any disputes, not the U.S. military. I foresee no role for the U.S armed forces in this process.

Milley’s tone reflects the longstanding views of military leaders who insist that the nation’s military stays out of politics and that troops are sworn to protect the country and uphold the Constitution.

But the two Congress members, Reps. Elissa Slotkin of Michigan and Mikie Sherrill of New Jersey, said Friday that Trump’s recent comments and his efforts to use the military to quell protests have fueled their concerns. The two lawmakers released Milley’s answers.

These are just prudent questions to be asking given the things that the president has been saying publicly,” said Slotkin, pointing to Trump’s use of the military to clear protesters from Lafayette Square and his suggestions that he may put law enforcement at the polls to make sure voting is conducted professionally. Milley’s answers, she said, “demonstrated that the chairman recognized the military’s role in our elections is to essentially stay out; that the military’s role in the peaceful transition of power is to stay out.” –AP

Last month President Trump demurred when asked whether he would accept the results of the election, to which he said: ” I have to see. Look … I have to see,” adding “No, I’m not going to just say yes. I’m not going to say no.”

Trump then suggested that the election could be postponed due to the coronavirus pandemic which has made it likely that it will take ‘days or weeks’ to tabulate mail-in ballots. The idea was quickly dismissed by congressional GOP, as Congress is the only body that can change the election date.

When asked if the military would refuse and order from the president if he was trying to score political points instead of for legitimate purposes, Milley said “I will not follow an unlawful order.”

via ZeroHedge News https://ift.tt/3badRxX Tyler Durden

College Director: “Every White Person In This Country Is Racist”

College Director: “Every White Person In This Country Is Racist”

Tyler Durden

Sun, 08/30/2020 – 21:15

Authored by Jezzamine Wolk via Campus Reform,

Pacific University staff psychologist Dr. Shirley Ley is hosting a weekly webinar series called “Rising from the Margins.” Ley said the platform is “dedicated to those who have been perceived as inferior or less worthy” due to their background.

In Episode 10 “The Intersection of Race, Class, and Disability,” Ley spoke with the Director of Accessible Education at Willamette University Sue Minder. During that episode,  uploaded to the university’s official YouTube channel on July 22, Minder said,

“Every white person in this country is racist” because they “benefit from the structure of racism.”

Relevant portion begins around 12:40 

WATCH:

When asked to confront privileges, she said that most people usually respond with “I’m not a racist, I would never use a racial slur.” 

“I think the first step is we get over it,” said Minder of that reaction.

“Stop trying to pretend we don’t have privileges of some sort, because most of us do have unearned advantages,” said Minder.

In episode 11 “White Supremacy Work Culture,” Ley talked about the idea that “whiteness is the supreme standard by which all peoples of culture are measured.”

“It is important for us, particularly racialized peoples, to understand how every single day of our existence is influenced and infiltrated by white supremacy ideals,” said Ley.

She went on to list three “indicators of white supremacy culture.”  

  1. They are “perfectionism,” which she called “the need to get things done right all the time;”

  2. the “sense of urgency,” which she called “the idea that things should have been done yesterday;”

  3. and “quantity over quality,” which she said is “only focusing on parts of your life that are directed towards producing measurable goals.”

The webinar currently has more than a dozen episodes. Some other available webinar episodes include “Racial Microaggressions,” “The POC Label,” and “Deconstructing the Model Minority Stereotype.”

via ZeroHedge News https://ift.tt/2ExWOu1 Tyler Durden

“It’s All One Big Trade”

“It’s All One Big Trade”

Tyler Durden

Sun, 08/30/2020 – 20:50

Following up on our earlier discussions of the myriad of market abnormalities observed in today’s market (here and here), Bank of America’s Research Investment Committee has come up with an alternative, somewhat simpler explanation for some of the most patently absurd events seen in markets in more than one generation.

According to BofA’s Jared Woodard, the crowded trades – growth vs. value, large vs. small, US vs. EAFE, market cap vs. equal-weight, USD vs. EM FX, Treasury bonds – stay crowded because there is no alternative in a world of shrinking returns on capital.

It gets better: BofA contends that in 2020 “Treasuries = tech & Tesla”: plunging discount rates & excess liquidity push the value of long-term cash flows toward infinity. That means that, as the chart below shows, bond yields – currently at all time lows – “have never before explained this much of tech returns.”

This unprecedented dependence on ever lower yields is why defensive growth stocks (tech & health care) now account for just 18% of US jobs but now comprise >54% of the S&P 500 market cap (and, if projected at the current pace, 100% by 2024).

Meanwhile, the Fed keeps injecting more and more liquidity even as growth is scarcer and scarcer. As a result of this maximum liquidity in a world of scarce growth. the Fed has created an ever larger series of asset bubbles.

And when real interest rates are negative as they are now, there is every incentive to chase low-probability, high-impact upside according to Woodard. In short, any vehicle with a chance at large returns becomes a cheap call option.

Just two examples: in 2020 investors are once again pouring cash into “blank check” IPOs or Special Purpose Acquisition Companies, just as they did in the summer of 2007. As we first discussed several weeks ago, SPACs have no operations but simply raise funds for undetermined future acquisitions. At the same time, one bitcoin costs more than $11,000. That’s more than the average US household makes in two months.

Despite the asset bubbles observed virtually everywhere, BofA says that economic stagnation remains its base case: “more stimulus and early vaccines at best get us to the 2019 ante of low growth and precarious wages/EPS.” A stagnant world also makes yields more valuable as interest rates everywhere trend toward zero. As such, today a record 79% of the S&P 500 offers dividends greater than the 10-year Treasury yield.

In summary, “stagnant GDP, deepening inequality, and the threat of policy failure make us bullish on the things we don’t want to buy (growth, large caps, US) and bearish on the things we want to own (value, small caps, EAFE) because, without an economic transformation, any reversal in the ranks of market winners & losers can only last a season.”

* * *

Finally, speaking of things “nobody wants to buy but has to”, and how “it’s all one big trade”, here is an excerpt from the latest Bear Trap report citing a west coast CIO on the recent surge in Tesla:

“Tesla is the key to this market, all are in Elon’s world, I am ignoring everything else, rates, dollar, etc.. for now. They are truly minor in comparison until Tesla breaks. And vol is underpriced on the upside still in my mind. Tesla’s run likely to end on a blow-off top, 100B volume, we are talking about a 300-400 dollar candle, no way this ends quietly, really think it ends with a flash crash in NDX. I still think October is badly mis-priced to the upside, TSLA can easily see 30% higher before it reverses. Puts are stupidly expensive if you go way out on the wing, you can sell a January $200 put for over 2 bucks, that’s insane. Crypto is the only asset with more convexity than Tesla. Outside bitcoin, TSLA defines parabola in terms of company in the history of stocks with any meaningful market cap. My gut tells me Elon does a massive secondary into SPX add, like $30B. Tesla would come out with the world’s best auto-balance sheet, on par with Toyota.”

via ZeroHedge News https://ift.tt/31IJICK Tyler Durden

Apparently, I “Owe” a “Debt” “to African-Americans”

Hans Bader (Liberty Unyielding) writes:

Reparations took a step closer to becoming a reality. California’s state senate just voted 33-to-3 to create a reparations commission. The commission will “study the effects slavery had on California and recommend to the legislature no later than 2023 what type of compensation would be appropriate, how it might be dispersed and who could be eligible to receive it,” according to Fox News.

Supporters of reparations assume the racial wealth gap between blacks and whites is the result of slavery, and thus, something to be fixed through reparations. “If the 40-acres-and-a-mule that was promised to free slaves were delivered to the descendants of those slaves today, we would all be billionaires,” state Sen. Steven Bradford, D-Gardena, said. “I hear far too many people say, ‘Well, I didn’t own slaves, that was so long ago.’ Well, you inherit wealth—you can inherit the debt that you owe to African-Americans.”

My parents and my brother and I came to the country in 1975. We didn’t inherit any wealth in the U.S. (and really none anywhere). I don’t owe any debt—because of my skin color my ancestors or theirs—to blacks or whites or Asians, and neither do other Californians.

from Latest – Reason.com https://ift.tt/2YNDfoe
via IFTTT

Apparently, I “Owe” a “Debt” “to African-Americans”

Hans Bader (Liberty Unyielding) writes:

Reparations took a step closer to becoming a reality. California’s state senate just voted 33-to-3 to create a reparations commission. The commission will “study the effects slavery had on California and recommend to the legislature no later than 2023 what type of compensation would be appropriate, how it might be dispersed and who could be eligible to receive it,” according to Fox News.

Supporters of reparations assume the racial wealth gap between blacks and whites is the result of slavery, and thus, something to be fixed through reparations. “If the 40-acres-and-a-mule that was promised to free slaves were delivered to the descendants of those slaves today, we would all be billionaires,” state Sen. Steven Bradford, D-Gardena, said. “I hear far too many people say, ‘Well, I didn’t own slaves, that was so long ago.’ Well, you inherit wealth—you can inherit the debt that you owe to African-Americans.”

My parents and my brother and I came to the country in 1975. We didn’t inherit any wealth in the U.S. (and really none anywhere). I don’t owe any debt—because of my skin color my ancestors or theirs—to blacks or whites or Asians, and neither do other Californians.

from Latest – Reason.com https://ift.tt/2YNDfoe
via IFTTT

Futures Hit New Record High After Buffett Reveals 5% Stakes In Five Major Japanese Trading Companies

Futures Hit New Record High After Buffett Reveals 5% Stakes In Five Major Japanese Trading Companies

Tyler Durden

Sun, 08/30/2020 – 20:27

There were audible gasps across Wall Street on August 15th when the latest Berkshire 13-F revealed that the Oracle of Omaha had cut his stakes in most US banks (and fully sold out of Goldman), while taking a new and unprecedented for Berkshire Hathaway position in Barrick Gold.

But while Warren Buffett, who turns 90 today was dumping US banks, he was quietly building up sizable stakes in the five of the largest Japanese trading companies.

In a press release published late on Sunday, Berkshire Hathaway revealed that it had acquired stakes in Itochu, Marubeni, Mitsubishi Corp., Mitsui and Sumitomo of “slightly more” than 5%, signaling it may increase those holdings in the future. These holdings were acquired over a period of approximately twelve months through regular purchases on the Tokyo Stock Exchange.

According to the statement, Berkshire  Hathaway’s  intention  is  to  hold  its  Japanese  investments  for  the  long  term. “Depending on price, Berkshire Hathaway may increase its holdings up to a maximum of 9.9% in any  of  the  five  investments.  However,  Warren  E.  Buffett,  CEO  of  Berkshire  Hathaway,  has  pledged that the company will make purchases only up to an ownership of 9.9% in any of the five investments.  The  company  will  make  no purchases  beyond  that  point  unless  given specific approval by the investee’s board of directors.

Buffett expressed his pleasure with the investments:

“I am delighted to have Berkshire Hathaway participate in the future of Japan and the five companies we have chosen for investment. The five major trading companies have many joint ventures throughout the world and are likely to have  more  of  these  partnerships.  I  hope  that  in  the  future  there  may  be  opportunities  of  mutual  benefit.”

The release also noted that Berkshire Hathaway has 625.5 billion of yen-denominated bonds outstanding, maturing at various dates beginning in 2023 and ending in 2060. Consequently, the company has only minor exposure to yen/dollar movements.

Following the report, the five named stocks spiked and Nikkei futures jumped by more than 1%…

… while S&P futures were last seen at a new all time high of 3,122.

It wasn’t immediately clear what prompted Buffett to transition out of US money-center banks whose performance has been dismal in 2020 compared to the surge in tech, and into Japanese traders at a time when the BOJ dominates most capital markets (and was last seen in possession of 80% of all local ETFs), and just as Abe announced his resignation, putting the future of the entire Abenomics platform in question, but we are confident that some bullish spin will be forthcoming.

On the other hand, the fact that Buffett – who famous has said “never bet against America” – just turned 90 today may be the more accurate explanation.

via ZeroHedge News https://ift.tt/32DgOTT Tyler Durden

Watch Joe Biden Slam ‘Fatherless Predators’ While Promoting 1994 Crime Bill That Targeted Blacks

Watch Joe Biden Slam ‘Fatherless Predators’ While Promoting 1994 Crime Bill That Targeted Blacks

Tyler Durden

Sun, 08/30/2020 – 20:00

Joe Biden has quite the history with remarks about race that would make any Republican a non-viable candidate after the MSM was done with them.

The former Vice President, who insisted in May that African Americans ‘ain’t black‘ if they don’t vote for him, suggested last year that ‘poor kids are just as smart as white kids,’ and worried in 1977 that desegregation would force his children to grow up in a ‘racial jungle‘ – went on a tirade against minorities in 1993 while sponsoring the Democrats’ 1994 crime bill, which supercharged the mass incarceration of people of color.

There’s also that clip of Biden speaking fondly of his work with segregationists which his running mate Kamala Harris slammed him for during the primary debates (and later dismissed as nothing more than politics).

The crux of Biden’s 1993 argument: It doesn’t matter if minority criminals were “deprived as a youth,” or had a “blackground that enabled them to become socialized into the fabric of society,” or whether they’re the “victims of society,” they need to be taken off the streets.

“The end result is, they’re about to knock my mother on the head with a lead pipe, shoot my sister, beat up my wife, take on my sons,”

So I don’t wanna ask what made them do this. They must be taken off the street, that’s number one. There’s a consensus on that.

Unless we do something about the cadre of young people – tens of thousands of them – born out of wedlock without parents, without supervision, without any structure, without any conscience developing because they literally have not been socialized. They literally have not had an opportunity. We should focus on them now.

If we don’t, they will. Or a portion of them will become the predators 15 years from now…. we have predators on our streets that society has in fact in part, because of this neglect, created them. Again, it does not mean that because we created them, that we somehow forgive them or do not take them out of society to protect my family and yours from them.

They are beyond the pale, many of those people. Beyond the pale. And it’s a sad commentary on society. We have no choice but to take them out of society. And the truth is, we don’t very well know how to rehabilitate them at that point. That’s the sad truth.”

We must make the streets safer. I don’t care why someone is a malefactor of society. I don’t care why someone is antisocial. I don’t care why they become a sociopath. We have an obligation to cordon them off from the rest of society, try to help them, try to change the behavior – that’s what we do in this bill.

They are in jail. Away from my mother, your husband, our families. But we would be absolutely stupid as a society if we didn’t recognize the condition that nurtures those folks still exists, and we must deal with that.”

What would happen if Trump said that in 1993?

And while Biden has since apologized for his role in the 1994 legislation, it’s hard to imagine the black community taking kindly to his decades-long history of anti-black comments.

Three years later, Hillary Clinton was calling black criminals ‘super predators.’

via ZeroHedge News https://ift.tt/2Dh4a4m Tyler Durden