What We Talk About When Talk About Russian Meddling

Donald Trump has a history of questioning Russia’s involvement in efforts to influence the 2016 presidential election, presumably because he bridles at the notion that his campaign colluded with the Russians and the implication that he might not have been elected without Vladimir Putin’s help. Trump seems to have trouble separating those three issues, which helps explain why he condemns special counsel Robert Mueller’s investigation of Russia’s election-related activities as a “witch hunt” and wants Attorney General Jeff Sessions to shut it down. It may also explain why Trump described Russian-sponsored Facebook ads as part of “the Russia hoax.” Yesterday the White House tried to compensate for such comments by staging a press briefing in which five national security officials offered a decidedly more alarming take. Rather too alarming, if you ask me.

“Our democracy itself is in the crosshairs,” Homeland Security Secretary Kirstjen Nielsen warned. “Free and fair elections are the cornerstone of our democracy, and it has become clear that they are the target of our adversaries, who seek…to sow discord and undermine our way of life.” FBI Director Christopher Wray said “malign foreign influence operations” are “targeting our democratic institutions and our values.” This “information warfare,” he said, is intended to “sow discord or undermine confidence.”

National Security Adviser John Bolton described Russia’s “meddling and interference” as “aggression” against the United States. “The Russians are looking for every opportunity, regardless of party, regardless of whether or not it applies to the election, to continue their pervasive efforts to undermine our fundamental values,” Director of National Intelligence Dan Coats said. He explained that “Russia’s intent” is “to undermine our democratic values, drive a wedge between our allies, and do a number of other nefarious things.”

According to the Trump administration, Russia is waging “information warfare” that threatens to destroy “our way of life,” “democracy itself,” and “our fundamental values.” Either that, or the whole thing is a hoax. I am inclined to think the truth lies somewhere in between. As Coats mentioned in passing, “Russia has tried to use its propaganda and methods to sow discord in America” for “decades.” Somehow our democracy and way of life have survived. To put the matter in perspective, it helps to distinguish between three kinds of activities that fall under the heading of Russian “meddling and interference.”

Manipulation of vote counts is the most serious threat, but it also seems to be the most remote. “All the states realize that securing their election systems—both administrative systems and voting machines—is a high priority,” Charles Stewart III, an expert on election administration at MIT, tells The New York Times. Stewart “said computer systems and voting machines were now probably the most secure part of the election infrastructure, thanks in part to a stepped-up effort by Homeland Security officials.”

The next most serious problem is the hacking of computer systems used by politicians and parties. That sort of intrusion is (and ought to be) a crime, but it’s not clear that it undermines democracy in any meaningful sense. As Putin himself has pointed out, when Russian patriots (operating totally independently from the Kremlin, mind you) steal emails from the Democratic National Committee or Hillary Clinton’s campaign chairman and post them online, they are disseminating accurate information that may be of legitimate public interest. Even if you don’t share that perspective, candidates and campaigns obviously have a strong incentive to avoid embarrassing revelations like these by improving their cybersecurity.

The third kind of meddling is the most amorphous, the hardest to stop, and the one that least resembles an act of aggression. As Wray noted yesterday, “There’s a clear distinction between, on the one hand, activities that threaten the security and integrity of our election systems, and, on the other hand, the broader threat of influence operations designed to manipulate and influence our voters and their opinions.” The FBI director meant that the defenses against these distinct forms of interference are bound to be different, but the two threats are also morally different. While one violates people’s rights (by trespassing on and messing with their property), the other may amount to nothing more than political discourse.

That sort of activity—creating Facebook pages, organizing rallies, running online ads, tweeting commentary—is not ordinarily described as malign or nefarious, and it is indisputably protected by the First Amendment. When Americans do it, we call it participating in democracy. When Russians do it, we call it undermining democracy.

The influence operation described in the federal indictments unveiled in February and July did involve various types of fraud and dishonesty, including social media accounts created under phony identities, Russians posing as Americans, and (in some cases) the dissemination of fake news. But the essence of what these operatives did was still speech. That is how they sought to “sow discord”: through messages that people were free to consider or ignore, believe or dismiss, accept at face value or check, take to heart and act on or skim and forget. If that is “aggression” or “warfare,” so is any speech that aims to persuade people or reinforce their pre-existing beliefs.

It’s true, there is plenty of stupid, illogical, ugly, and misleading stuff in the Russian-sponsored messages that have been publicly released. But there is plenty of stupid, illogical, ugly, and misleading stuff in the messages manufactured by Americans right here in the USA. Why not focus on the content of the speech, rather than the nationality of the speaker?

Even benign speech can take on a sinister cast when it is linked to people who live in other countries. Facebook recently deleted a bunch of pages after finding evidence that they were created by foreigners pretending to be Americans. One of those pages was dedicated to organizing and promoting a counterprotest against a white supremacist rally next week in Washington, D.C. The real activists who are participating in the event are pretty pissed at Facebook’s ham-handed censorship. “There wasn’t much on the page before we were added,” one of them told The New York Times. “The content, when it was taken down, was all from us.”

This is the sort of thing you can expect when politicians start demanding that social media platforms help protect American democracy from ads suggesting that a vote for Hillary Clinton is a vote for Satan. “It’s an extremely dangerous situation for free speech when politicians are screaming at web platforms to ‘do something’ about a problem that is difficult to address,” Evan Greer, deputy director of Fight for the Future, told the Times. “Censoring an anti-Nazi protest was a particularly egregious example of collateral damage.”

Does an anti-Nazi protest “sow discord”? I guess so, and by Nielsen et al.’s logic it represents a threat to democratic values.

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China Blinks: Why Beijing’s Currency Intervention Is Doomed To Failure

The People’s Bank of China today announced a re-introduction of reserve requirements on FX forwards trading which it had eliminated last September just after the Yuan soared against the dollar – a move aimed at taking pressure off the renminbi as the USDCNY rapidly closed in on 7.00. However, as ING’s Chris Turner writes, this looks only a temporary reprieve for the renminbi as all prior PBoC attempts to stem CNY weakness haven’t been all that successful in reversing a trend.

Reserve requirements back in play

Since 2015 the PBOC has used reserve requirements on FX forward transactions as a tool to control ‘macro-financial risks’. The measure puts a 20% required reserve ratio for financial institutions when conducting onshore CNY forwards business on behalf of customers. The move makes it effectively costlier for the market to fund short CNY positions through the forwards market.

This measure was first used for domestic financial institutions in October 2015 and then broadened to include foreign institutions in July 2016 when USD/CNY was pushing above 6.70. These reserve requirements were scrapped when USD/CNY was dipping below 6.50 in September 2017 amidst broad dollar weakness.

Prior PBoC attempts to stem CNY weakness haven’t been all that successful

ING, Bloomberg

Why now?

It seems pretty clear that these measures have been introduced to trigger a squeeze in short CNY positions and keep USD/CNY away from 7.00. This reserve requirement is a relatively soft measure and avoids the bigger stick of FX intervention or rate hikes at a time policymakers are delicately deleveraging the economy.

We also think Chinese policymakers had a bad experience when USD/CNY was last trading near 7.00 in late 2016. Investors struggled to digest the message at the time that the renminbi was stable versus the basket and that the move to 7.00 was all about the dollar. That message will be so much harder to deliver today given the 6% decline in the renminbi against its trading basket since late June and the uncertainty over whether this is a market-led decline or the PBOC is using the renminbi as a weapon in the current trade war.

Temporary reprieve

USD/CNH has sold off 1% on today’s (Friday) news, but we doubt investors will be encouraged to return to Renminbi exposure anytime soon.

US Commerce Secretary Wilbur Ross has made the US trade position clear by outlining that Washington wants to create a situation where it’s more painful for China to continue current practices than it is for China to reform.

An increase in the proposed tariff rate to 25% on the next $200bn worth of Chinese imports looks likely over coming weeks. And combined with firm US rates and what look like continued dollar strength over coming months, it looks as though the PBOC will be forced to use more of its currency toolkit to prevent USD/CNY going through 7.00.

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“Get The Champagne Out”: In 14 Trading Days This Becomes The Longest Bull Market Of All Time

In many perplexing ways, the market’s performance since the Global Financial Crisis has been unprecedented: starting with the deepest recession since the Great Depression, the subsequent bull market has been on an unprecedented run for the past decade, aided and abetted by trillions in central bank liquidity that have pushed global interest rates to historic lows, suppressed volatility and supported the S&P since its March 2009 lows so that there has not been a single 20% drop in the past 10 years, resulting in a 325% cumulative return and 17.7% annualized.

Last September, the S&P’s run became the second longest bull market in history.

Then, during this year’s January melt up, the S&P500 bull market became the 2nd largest of all time on Friday Jan 26th, when the index hit an all time high of 2873.

And now, Bank of America’s Chief Investment Officer Michael Hartnett writes to “Get the champagne out For US stocks”, because we are now just 14 trading days to go until the S&P 500 bull market becomes the longest of all-time, at 3,543 days, on August 22, 2018.

There was some early celebration yesterday, when Apple became the first US company to cross the $1 trillion market cap… but not the first in the world: that honor belongs to Petrochina, whose market cap briefly hit $1.1 trillion in 2007… 

… although it may serve as a bit of a warning to AAPL because by 2008, just one year later, the Chinese energy giant had lost $800 billion in market cap, from which it has never recovered. As Bloomberg’s Heidi Lun notes, “that was the biggest destruction of shareholder value in history.

Putting Apple’s performance in context, DB’s Jim Reid notes for the record that US Steel was the first to hit $1bn in 1901. It then took 54 years for GM to be the first to $10bn in 1955, another 32 years for IBM to reach $100bn in 1987 and now 31 years for the latest landmark. For the record Microsoft was the first $500bn company in 1999.

So with China now actively reflating its economy in response to Trump’s trade war and – as of today – once again actively managing its currency, is there anything that can end the party? Probably not enough to cause a 20% drop in the S&P in the next 2 weeks, however Hartnett outlines the reason that have made him become especially cautious in recent weeks, starting with:

Peak Profits: the ongoing global PMI deceleration is driving EPS deceleration (23% to 17%).

Meanwhile, Italy-Germany spreads (EU lead indicator), KOSPI/copper (China lead indicator) all suggest further global PMI deceleration in the second half.

Additionally, the recent peak in US auto sales suggests higher US unemployment

…  while the price action in US housing (lumber prices), hotels (MAR), casinos (WYNN), restaurants (MCD, CAKE) is inconsistent with US consumer boom (HD the ultimate tell).

Then there is Peak Policy: Japan’s shift in Yield Curve Control this week was another step from QE to QT, and as a result, central bank asset buying has been dropping sharply: from $1.60 trillion in 2016, to $2.30 trilion in 2017, to less than $0.17tn in 2018 (as described in The Central Bank Party Is Already Over).

Meanwhile, returns outside of equities are already starting to reflect a potential slowdown: commodities 4.0%, US$ 2.8%, stocks 2.8% (ex. US tech global equities -0.8%), cash 0.9%, HY bonds -0.2%, govt bonds -1.6%, IG bonds -2.8%; as Hartnett puts it “Profits & Policy consistent with tougher 2018 returns.”

Champagne for US tech: Apple 1st US company with $1 trillion market cap (prior
landmarks 2007 PetroChina $1 trillion, 1987 IBM $100bn, 1901 US Steel $1bn)

Still, while the longest bull market of all time appears to be generally in the books, will the S&P also then follow up with become the greatest bull market of all time in percentage, which would happen should it hit 3,498 on the S&P500.

According to Hartnett, there are two critical conditions that need to happen for that one final record to be broken:

  1. An unanticipated surge in productivity growth, and
  2. A speculative bubble from a Great Rotation out of negatively yielding debt into stock markets.

While the first is unlikely, central banks are doing everything in their power to accelerate that one final rotation. In the meantime, the bigger question is whether the Fed itself will not kill what will soon be the longest bull market on record: recall that “bull markets don’t die of old age, they die of recessions and economic slowdowns”… but they also die of excessively tight monetary conditions, in other words a “market event” spurred from the Fed itself.

Or as Deutsche Bank puts it, “every Fed tightening cycle creates a meaningful crisis somewhere.”

Until then, here is a chart from the Visual Capitalist counting down the six longest bull markets of the modern era.

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Louisiana Police Abuse in the Spotlight in Sugar Town: New at Reason

'Sugar Town'No network runs more true-crime slice-and-dice than Investigation Discovery. From Beauty Queen Murders to Bad Teachers to the epochal work of sociology Truth Is Stranger Than Florida, Investigation Discovery is pretty much round-the-clock police procedural, with cops hunting killers and rapists and guys who tear those tags off of mattresses.

Sugar Town is a complete reversal of form: This time, the police are the bad guys and their investigation is the crime. And the result is a show more horrifying than anything about the Boston Strangler or Aileen Wuornos. Low-key but packing a powerful punch, Sugar Town ought to convince even the most indifferent citizens that maybe this #BlackLivesMatter stuff is worth worrying about. Television critic Glenn Garvin explains more.

View this article.

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Forget $1 Trillion: This Is The Real Resistance Level For Apple

With Apple darting gingerly above the $1 trillion market cap territory today after crossing it yesterday for the first time ever following some early morning weakness today, traders are asking if there is only upside now to Apple, especially with tens of billions more to go on the company’s stock buyback program .

But maybe $1 trillion, while a nice round number, is not the real resistance level: as Bloomberg’s Michael Regan writes, “whether or not the round number gives investors pause is open for debate, but there’s a coincidental stumbling block to consider.”

Regan is talking about Apple’s increasingly weight as a share of the entire stock market: to wit, the latest surge has put it above 4% of the market cap of the S&P 500. And as Regan notes, while Apple was able to stay above that weighting for much of 2012, its outperformance has petered out in subsequent years as it approached or hit that threshold:

Why could 4% of S&P prove to be a bigger peak for AAPL to surmount than the $1 trillion market cap, which has largely been scaled thanks to hundreds of billions in debt-funded buybacks? Because as the Bloomberg commentator notes, “surmounting a 4% share of the index may be a bigger challenge considering that active fund managers may not be too comfortable being “overweight” a stock that’s already such a huge weight.

The other reason: virtually everyone – hedge funds, mutual funds, pension funds, reserve managers and even central banks…

… are already long to the gills AAPL stock. Which means that aside from the company buying back its own stock, the question is who is left?

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Top New Hampshire Dem Arrested For Allegedly Biting, Attacking Woman

A top New Hampshire Democrat was arrested Thursday for a variety of assault and domestic violence allegations, after a woman reported that he bit her at least two times, struck her in the stomach, and threw a cup of water and the cup at her after breaking into her residence, according to New Hampshire Attorney General Gordon MacDonald

Jeff Woodburn, 53, is the Democratic leader of the New Hampshire state Senate. In total, he was charged with four counts of simple assault, two counts of domestic violence, two counts of criminal mischief and one count of criminal trespassing. From the AG’s office: 

  • Two counts of simple assault (RSA 631:2-a) charging Mr. Woodburn with causing unprivileged physical contact to the adult female victim by: (1) throwing a cup of water in her face and then throwing the empty cup at her as well, striking her in the face on August 10, 2017; and (2) striking the victim in the stomach with his hand on December 24 , 2017. 
  • One count of criminal trespass (RSA 635:2) charging Mr. Woodburn with entering or remaining in the residence of the adult female victim, after forcing open the locked door to the residence, an occupied structure as defined in RSA 635:1, III, knowing that he was not licensed or privileged to do so on December 24, 2017.
  • Two counts of domestic violence (RSA 631:2-b) charging Mr. Woodburn with causing bodily injury to the adult female victim, an intimate partner as defined in RSA 631:2-b, III(b), by use of physical force, by: (1) biting the victim on her left hand, resulting in bruising on December 15, 2017; and (2) biting the victim on her right forearm, resulting in bruising, on or between June 9, 2018 and June 10, 2018.

In response to the arrest, several New Hampshire Democrats have called for Woodburn to resign, including NH Democratic Party Chairman Ray Buckley, who told the Concord Monitor: 

“The New Hampshire Democratic Party stands firm in our belief that any form of sexual harassment, sexual assault, or domestic violence is completely unacceptable behavior for anyone, let alone our public officials who should all be held to a higher standard. 

We take these accusations against Senator Jeff Woodburn very seriously and stand with his accuser and support her during this unimaginably painful time. We are asking Senator Woodburn to resign from office immediately.”

Woodburn, a third-term senator, represents 58 towns in the North Country and has led the Democratic Senate caucus since 2014.

The Democrat has no primary challengers but does face a Republican opponent in the general election: David Starr of Franconia. –Concord Monitor

Woodburn was booked by by the Concord Police and released on a $500 cash bail and $10,000 personal recognizance. He is scheduled to be arraigned at 10:30 a.m. on August 20 at the Lancaster 1st Circuit Court District Division. 

“These charges are serious,” said Lyn Schollett, executive director for the coalition. “New Hampshire communities expect elected officials to uphold the laws they pass. We stand by this victim and all survivors in accessing resources and support and seeking justice.”

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Trade War Kills a New Hampshire Meadery’s Plan to Export 100K Bottles to China

Earlier this year, Michael Fairbrother was closing in on a huge deal: a contract to send 100,000 bottles of mead—a wine-adjacent alcoholic beverage made from fermented honey—to a distributor in China.

Landing the $750,000 contract would have been a game-changer for Moonlight Meadery, the New Hampshire–based business that Fairbrother started in his garage eight years ago. Already recognized as one of the best breweries in the state, it would have opened a huge new market for for its products. It also would have hired at least six new employees and bought new equipment to meet the new obligations, he says.

Then the trade war came.

President Donald Trump slapped tariffs on steel and aluminum imports from around the world, then followed up with another round of tariffs on various Chinese-made goods. China responded with a range of tariffs that mostly targeted agricultural products—including those, such as mead, that are made with honey.

“We had gone through multiple rounds of evaluation, and we were getting to the final point, negotiating down to the penny,” Fairbrother tells Reason. “The conversation at that point went dry, so I followed up to see how things were going. They said with the tariffs happening, they were taking their business to Poland.”

Trump’s trade war has many costs that can easily be measured, like the job losses triggered at places like the Mid-Continent Nail Corporation, or the jobs at Harley-Davidson that could be shifted overseas. But there are hidden effects too—costs that won’t show up in a ledger. Jobs that could have been created but never were, as shifting trade policy changes businesses’ decisions about where to invest and build. Or, as in the case of Moonlight Meadery, causes prospective buyers in China to take their business elsewhere.

“Basically, the second runner-up got the contract because of the increase in cost,” says Fairbrother.

Instead of protecting American jobs and businesses—as the White House claims it is trying to do—Trump’s tariffs (and the predictable response they have triggered from America’s biggest trading partner) have limited businesses’ ability to grow.

Sen. Jeanne Shaheen (D–N.H.) brought Moonlight Meadery’s circumstances to the attention of U.S. Trade Representative Robert Lighthizer during a hearing on trade policies last week. What’s the plan, she asked, to address the costs of tariffs on small businesses?

“The president is very sympathetic and I, personally, am very sympathetic,” said Lighthizer. “It certainly is not our plan to have small business or agricultural or anyone else in America feel the brunt of a change in trade policy which is designed to make the U.S. stronger and richer.”

But if that’s not the plan, one might reasonably ask what the plan actually is. Before erecting tariffs, Trump proclaimed that a trade war would be “good and easy to win.” Peter Navarro, director of the White House’s National Trade Council, predicted that no country would retaliate to American tariffs.

Each day seems to bring new evidence of just how inaccurate those claims were. Today China announced another round of retaliatory tariffs aimed at $60 billion worth of U.S. imports, with rates ranging from 5 percent to 25 percent. That means another set of American businesses face the prospect of reduced access to Chinese markets. Like Moonlight Meadery, they might miss out on a chance to expand their sales, hire more workers, and grow their business.

“Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties,” the Chinese government said in a statement, according to a translation by CNBC.

Meanwhile, Trump is threatening to impose tariffs on literally all Chinese imports. The two sides are growing farther apart, and the prospects of a deal to end the escalating tensions seem to be fading. Indeed, Chinese officials say they don’t even know what concessions the White House trying to get.

Until there’s a plan, and until the trade war comes to an end, more businesses will get caught in the crossfire.

At the end of our conversation, I ask Fairbrother what would he say to Trump if he had a chance. He chuckles and then pauses, like he’s holding back what he really wants to say.

“I’d just love to see some wisdom from his years on this earth,” he finally offers. “Instead of all this.”

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Michael Shermer on Why Even Scientists, Transhumanists, and Atheists Want To Believe in Heaven: Podcast

In Heavens on Earth: The Scientific Search for the Afterlife, Immortality, and Utopia, Michael Shermer seeks to explain why so many of us are deeply invested in the idea of a world beyond the one we’re already living in. Shermer isn’t just talking about religious believers. He also chronicles the ways socialists and others have tried to create paradise now, and the obsessions of transhumanists trying to create a secular version of immortality.

One of the world’s best-known “skeptics,” Shermer teaches at Chapman University, is the publisher of Skeptic magazine, writes a column for Scientific American, and has penned a shelf of best-selling books on such subjects as evolution, the brain, and the morality of capitalism.

In a wide-ranging conversation taped at FreedomFest, the annual gathering of libertarians held in Las Vegas each July, I asked Shermer about his long association with libertarian ideas, including his involvement with Andrew Galambos, an idiosyncratic self-help guru whose ideas about intellectual property were famously parodied in Jerome Tuccille’s underground classic, It Usually Begins with Ayn Rand. We also discussed the welcome return and explicit defense of Enlightenment values of rationality, evidence, disinterestedness, and progress—in his work, and in the work of such figures as Matt Ridley, Deirdre McCloskey, and Steven Pinker.

Subscribe, rate, and review our podcast at iTunes. Listen at SoundCloud below:

Audio production by Ian Keyser.

Don’t miss a single Reason Podcast! (Archive here.)

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Kunstler: Is The Deep State Ready To Start A World War Just To Oust Trump?

Authored by James Howard Kunstler via Kunstler.com,

Light It Up

The Guardians of the Galaxy at National Public Radio were beside themselves Wednesday night reporting that “the lights are blinking red for a 2018 election attack by Russia.” Well, isn’t that an interesting set-up? In effect, NPR is preparing its listeners in advance to reject and dispute the coming midterm election if they’re not happy with the results. Thus continues America’s institutional self-sabotage, with the help of a news media that’s become the errand boy of the Deep State.

What do I mean by the Deep State? The vested permanent bureaucracy of Washington DC, and especially its vastly overgrown and redundant “Intel Community,” which has achieved critical mass to take on a life of its own within the larger government, makes up its own rules of conduct, not necessarily within the rule of law, and devotes too much of its budget and influence defending its own prerogatives rather than the interests of the nation.

Personally, I doubt that President Putin of Russia is dumb enough to allow, let alone direct, his intel services to lift a finger “meddling” in the coming US midterm election, with this American intel behemoth vacuuming every digital electron on earth into the NSA’s bottomless maw of intercepted secrets.

Mr. Putin must have also observed by now that the US Intel Community is capable of generating mass public hallucinations, to the beat of war-drums, and determined not to give it anything to work with. That’s my theory about what Russia is up to. If you have a better one, let’s hear it?

Another curious incident played out on CNN earlier this week when Max Boot, senior fellow at the Council of Foreign Relations (the Deep State faculty lounge) faced off against Russia historian/scholar Stephen F. Cohen of Princeton on Anderson Cooper’s prime-time show.

“Russia is attacking us right now according to Trump’s own Director of National Security (Daniel Coates)!” Mr. Boot shrilly declared.

“I’ve been studying Russia for forty-five years,” Mr. Cohen replied, “I’ve lived in Russia and I’ve lived here. If Russia was attacking us, we would know it.”

“You’ve consistently been an apologist for Russia in those last 45 years,” Mr. Boot riposted.

“I don’t do defamation of people; I do serious analysis of serious national security policy,” Mr. Cohen rejoined. “When people like you call people like me ‘apologists for Russia’ because we don’t agree with your analysis, you are criminalizing diplomacy and detante and you are the threat to national security.”

Referee Anderson Cooper stepped in: “So, finally Stephen, you’re saying Russia was not attacking the United States?”

“Yes, I don’t think they attacked the United States,” Cohen said.

“You’re apologizing for Russia as we speak,” Mr. Boot inserted.

“This is low-level stuff that went on,” Mr. Cohen said. “It is not 9/11. It is not Pearl Harbor. It is not Russian paratroopers descending on Washington. This kind of hyperbole, ‘an attack on America,’ suggests that we need to attack Russia….I think Mr. Boot would have been happy if Trump had waterboarded Putin at the summit and made him confess….”

Notice how astonished Mr. Cooper was to hear the view that Russia did not attack the US. It’s inconceivable in the universe-as-known-to-CNN, so potent is the hallucination there that even the water-cooler is bubbling with angst.

Oh, and by the way, do any of you readers actually know how the duties of the Director of National Security (Mr. Coates) differ from the Director of the CIA (Gina Haspel) or the Director of the NSA (Paul M. Nakasone)?

In case you are mystified as to why a considerable portion of the public is disgusted with the news media, it is as simple as this: they appear to be an instrument of that permanent government bureaucracy, doing its bidding, defending its criminal mischief, and covering up its dishonesty. Proof of that is the media’s conspicuous inattention to the now well-documented political depravity in another arm of the Intel Community, the FBI — a much more compelling story of villainy than 13 Russian Facebook trolls and the alleged (still unproven) hacking of the DNC.

Donald Trump, aka the Golden Golem of Greatness, may be an unappetizing and embarrassing president. But is the Deep State ready to start a world war just to shove him offstage? Or burn down the constitution? While CNN stands by with Jeri-cans of gasoline?

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NYPD Hunting Black Man For Punching “White Bitch” On Brooklyn Bus

Have you seen this man?

Police in New York City are looking for him after he (alledgedly) attacked a stranger for apparently being white.

Fox5NY.com reports that the violence happened on a bus Monday morning about 10 a.m. in Downtown Brooklyn.

NYPD says a 29-year-old man was onboard a B25 MTA Bus on Fulton Street. Another man walked up to him and punched him in the face while making an anti-white comment:

“I hate everyone like you, a white bitch,” the suspect reportedly said to the victim.

The victim was not seriously injured but suffered swelling and pain. The attacker then got off of the bus at the intersection of Fulton Street and Bond Street.

As The Hill reports, police are investigating the assault as a hate crime and are still searching for the suspect.

Which is odd because, unlike the “I hate white people”-screaming eskimo, and NYT’s latest hire – who are apparently not racist, this black man in Brooklyn screaming “I hate everyone like you white bitch” before physically assaulting someone is racist and committing a hate-crime (at least for now, until the NYPD gets the tap on the shoulder from the higher-ups).

So, in case you are confused as to what is racism/hate-crimes/unacceptable in modern society,  @JessKellyDC explains:

Media: “Trump voters are white racists and Nazis and racism is why Trump won.”

NYTimes: “Racism is fine if you’re crapping on white people.”

We wonder if the assailant was as worried for his life (before his punched the man in the face) as Jim Acosta was at a Trump Rally?

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