WaPo Head ‘Fact Checker’ Glenn Kessler Heckled Over Lab-Leak Flip-Flop

WaPo Head ‘Fact Checker’ Glenn Kessler Heckled Over Lab-Leak Flip-Flop

With the COVID-19 ‘lab leak’ theory finally gaining mainstream legitimacy following recent reports from the Wall Street Journal, and an admission by Anthony Fauci that he’s now open to the possibility, formerly smug establishment ‘fact checkers’ are now scrambling to salvage their reputations after categorically dismissing a lab leak as a ‘debunked conspiracy theory.’

The latest ‘fact checker’ to bend the knee is the Washington Post’s Glenn Kessler who last year issued a snarky tweet to Sen. Ted Cruz (R-TX) in response to Cruz accusing WaPo of “abandoning all pretenses of journalism to produce CCP propaganda” in response to Kessler promoting a video suggesting that an accidental lab leak was ‘doubtful.’

We deal in facts, and viewers can judge for themselves,” Kessler sniped at Cruz.

Fast forward one year, and Kessler is the proud owner of a highly ratio’d tweet after being forced to eat crow over his ‘fact checking’ with a new article entitled “How the Wuhan lab-leak theory suddenly became credible.”

Kessler’s destroyed credibility did not go unnoticed:

Speaking on the issue of destroyed credibility over early Wuhan reporting and CCP apologists is retired New York Times science editor, Nicholas Wade, who slammed the MSM on Sunday for failing to investigate the origins of COVID-19.

According to Wade, the media failed to “take off its political glasses” and see beyond facts which are being obscured by the Chinese Communist Party.

“‘I think we see a sustained Chinese propaganda effort at work,” said Wade, who was a staff writer for the Science Times section of the NYT from 1982 to 2012, in an interview with Mark Levin on “Life, Liberty & Levin.”

“But, you know, more than that, it was just the blindness, if I could put it that way, of our media — we’re too polarized to see scientific issues for their own sake without putting a political gloss on them,” Wade continued. “We don’t know for sure: The origin of the virus is just we’ve got these two possible scenarios. But if you look at all the evidence and ask yourself, well, which scenario explains all these facts better on present evidence, it seems, to me at least, that the lab-escape hypothesis explains it a lot better.”

“But it’s a sort of complicated conclusion to arrive at, and I can only assume that the media was blindsided, they didn’t do the work that was necessary.”

Let’s not mince words Wade, the Media opposed the lab leak theory because President Trump promoted it, and the CCP has its tentacles deeply embedded in American propagandists who breathlessly peddle their talking points.

Tyler Durden
Tue, 05/25/2021 – 11:20

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Rand Paul Responds To Death Threat, Suspicious Package Of White Powder Sent To Home

Rand Paul Responds To Death Threat, Suspicious Package Of White Powder Sent To Home

Authored by Janita Kan via The Epoch Times,

Sen. Rand Paul has denounced threats to him and his family after a suspicious package containing white powder was delivered to his home on Monday.

I take these threats immensely seriously. As a repeated target of violence, it is reprehensible that Twitter allows C-list celebrities to encourage violence against me and my family,” Paul said in a statement, citing a Politico article.

A senior adviser in Paul’s office told Politico that the senator received a large envelope containing the unknown substance that is currently being examined by the FBI and Capitol Hill police for harmful substances. The sender of the envelope is not yet known.

Over the weekend, Richard Marx, a singer and songwriter, took to Twitter to celebrate the actions of Paul’s neighbor, Rene Boucher, who assaulted the senator in 2017. The attack, which occurred when the senator was doing yard work, left Paul with six broken ribs and other injuries. Boucher pleaded guilty to the assault.

“I’ll say it again: If I ever meet Rand Paul’s neighbor, I’m going to hug him and buy him as many drinks as he can consume,” Marx wrote in a tweet on Sunday.

Fox News on Monday also reported that Paul had received an image threatening violence on the envelope with suspicious powder. According to the news broadcaster, the envelope had a doctored picture of a bruised and bandaged Paul with a gun pointed at his head. Below the picture was a threat allegedly stating:

“I’ll finish what your neighbor started you [expletive].”

Paul’s office and the FBI did not immediately respond to a request from The Epoch Times for comment.

In a separate statement, Paul said: “I have been targeted multiple times now, it is reprehensible that Twitter allows C-list celebrities to advocate for violence against me and my family!”

Last summer, Paul and his wife were accosted in Washington by a mob of Black Lives Matter activists who shouted at the senator, issued threats, and called on him to say the name of Breonna Taylor—a woman shot dead by police officers. Several months earlier, Paul had introduced the Justice for Breonna Taylor Act to prohibit no-knock warrants.

Police were required to escort the lawmaker, his wife and other lawmakers to their hotel that evening.

Tyler Durden
Tue, 05/25/2021 – 11:00

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Chinese Banks Buy Dollars To Weaken Yuan In Latest Intervention

Chinese Banks Buy Dollars To Weaken Yuan In Latest Intervention

Just days after senior PBOC officials spoke up about moving to stabilize the yuan as it continued to strengthen against the dollar, Chinese banks have reportedly stepped in to buy dollars and sell the yuan in the open market, the latest in a series of interventions that are seemingly stretching the limits of Beijing’s authoritarian capability to control markets

Over the past month, reports about another crackdown on crypto trading and mining by Beijing sent prices of digital currencies reeling, while senior CCP officials have stepped in to forcibly cool speculation driving up commodity prices.

On top of all this, the weakening greenback has driven the yuan to its strongest level in nearly three years, hurting China’s competitiveness at a time when an ongoing state-ordered deleveraging has sent China’s all-important credit impulse into negative territory, limiting the outlook for growth just as the outlook for China’s economy is becoming increasingly important to the global narrative.

As for the interventions, a handful of traders told Bloomberg that large Chinese state-owned banks were selling yuan in the open market Tuesday. Despite this, and a weaker-than-expected yuan fixing, USD/CNY fell 0.3% to 6.4030, the yuan’s strongest level since June 2018.

Reports noted possible intervention in both USD/CNY and USD/CNH pairs at around the 6.4000 level in order to stem the yuan’s appreciation.

With month-end pressures building, driving the yuan higher, the intervention comes as the Chinese currency arrives at an important technical level that highlights just how much the yuan has strengthened during the dollar’s recent bear run.

The dollar is also at a critical level…

…and looking ahead, a renewed currency war pitting China against the US and the dollar against the yuan could represent a fresh threat to market stability, as any reversal of the greenback’s recent weakness (which has, much to Beijing’s delight, sparked renewed talk of the greenback shedding its global reserve status) could upset several consensus trades  (sell-side analysts have been writing about how “short dollar” is perhaps the biggest global ‘consensus trade’ for almost a year).

All this is happening as the impact of the credit tsunami unleashed in 2020 by Beijing to combat the COVID pandemic is fading fast as China’s credit impulse officially turned negative, threatening to send a deflationary shockwave across the globe.

The direct intervention comes just days after the PBOC signaled that it wouldn’t allow the yuan to strengthen too much, too quickly.

In a statement released Sunday, the deputy governor of the PBOC said the yuan would remain “basically stable,” while another central bank official wrote that the yuan should appreciate to offset the higher costs of commodity imports. However, that second essay, published in a state-backed magazine on Friday, has since been deleted, according to Bloomberg.

That Beijing is having trouble reconciling this is hardly a surprise. China’s economic nabobs now once again find themselves in the unenviable task of trying to control everything – fighting commodity speculation, a currency at a nearly three-year high, a crypto market that serves as a backdoor for wealth fleeing the country – and even the dominance of Chinese tech firms that have become so economically powerful, they have made President Xi and the rest of the senior leadership uncomfortable. And ultimately, Beijing is doing all this as it tries to pull a literal rabbit out of a hat: trying to spur economic growth while continuing to deleverage, while hampering the international competitiveness of its biggest tech companies.

Tyler Durden
Tue, 05/25/2021 – 10:45

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Epic Games Vs Apple, Did We Learn Anything From The Judge’s Questions?

Epic Games Vs Apple, Did We Learn Anything From The Judge’s Questions?

Authored by Mike Shedlock via MishTalk.com,

The bench trial concluded yesterday but the ruling might take months. Which way does it lean?

After three weeks of testimony, the Bench Trial Between Apple and Epic Games is over but a decision may be months away.

What’s It All About?

Epic Games accuses Apple of monopolistic practices. 

Epic Games, the maker of the popular video game Fortnite, purposely violated an Apple rule by using its own app payment system.

Apple booted Fortnite and that kicked off a lawsuit by Epic.

Epic Games Takes Apple On In Court: Who Will Win and Who Should Win?

I commented on the case on May 3, in Epic Games Takes Apple On In Court: Who Will Win and Who Should Win?

Neither side wanted a jury. So a judge gets to decide. 

What Did We Learn From the Judge’s Questions?

Today was the Final Day of Courtroom Battle Over Monopoly Claims. What did we learn?

Apple spent the final moments of its high-profile courtroom fight against Epic Games Inc. arguing the videogame maker’s antitrust lawsuit was simply a way for it to get out of paying for access to iPhone users.

Instead of traditional closing arguments held before a jury, the judge had asked the two sides to prepare for a debate-style end to the trial that has lasted more than three weeks in Oakland, Calif.

Toward the end of the almost four-hour hearing, Judge Gonzalez Rogers, too, questioned how Epic’s proposed solutions would compensate Apple.

“One of the issues that has concerned me throughout the course of this trial is that your client doesn’t seem to be interested in paying for the access to customers who use iOS,” she told Epic’s lawyer, saying that Epic is “attacking the fundamental way in which Apple is generating revenue.”

“Apple can still have an app store on your phone and encourage people to use it,” Mr. Bornstein said. “If people value what Apple is providing, and I’m sure there are some who do on the developer side and the consumer side, those people can continue to shop at the App Store.”

Rogers began immediately probing their arguments, suggesting that Epic’s view of the market and its substitutes could hurt consumers because they pick a particular digital ecosystem, such as Apple’s iOS operating system, knowing they are walled gardens. “Your economic substitutes destroy that consumer choice,” she said. Furthermore, she questioned why the market shouldn’t be defined as mobile games.

Strong Question, Weak Reply

That was an interesting tactic by Judge Rogers to conclude with a debate.

Rogers asked a very pointed question Epic lawyer Gary Bornstein did not have a good answer. 

On Monday, Nick Rodelli, head of CFRA’s legal edge research, said in a note to investors that Epic now holds “a slight edge in winning.”

I suspect that was based on prior questions from Judge Rogers to which Apple had weak replies.

Apple’s Tim Cook Faces Pointed Questions From Judge 

On May 21, the WSJ reported Apple’s Tim Cook Faces Pointed Questions From Judge on App Store Competition

Mr. Cook spent about four hours Friday on the witness stand in an Oakland, Calif., court trying to rebut claims by “Fortnite” videogame creator Epic Games Inc. that Apple unfairly prohibits competing app stores on the iPhone and forces in-app purchases for digital payments through its own system that takes as much as a 30% cut.

As Mr. Cook’s time on the public witness stand neared an end, U.S. District Judge Yvonne Gonzalez Rogers interjected, noting that game developers seemed to be generating a disproportionate amount of money for Apple compared with the technology the iPhone maker was providing in turn.

Mr. Cook said that Apple faced “fierce” competition from Alphabet Inc.’s Google, Samsung Electronics Co. and others and emphasized how much value his company’s investment in the app economy has created for developers—an assertion fitting claims from Apple’s lawyers that the company’s fees are fair.

Powerful Lines 

  • “Your economic substitutes destroy that consumer choice.”

  •  Epic is “attacking the fundamental way in which Apple is generating revenue.”

Apple also defends its app restrictions on grounds of security.

“Mr. Cook, what do you think the third-party data shows? You personally, the difference,” asked Rogers.

Cook replied that the data shows 1% to 2% of malware is on iPhones. “It’s quite a difference,” he said.

Who’s Ahead Now?

Those reading anything into Rogers’ questions on May 21 need to reconsider today.

Judicial questions aside, it is very difficult to win antitrust cases in the US. 

Who Should Win?

Consumers buy Apple products because they like them. People use Gmail and Google search because they like the apps.

My position is that if it’s good for the consumer it’s good enough. 

Question of the Day Flashback

Question of the Day Today

Tyler Durden
Tue, 05/25/2021 – 10:30

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Conference Board Confidence Stagnates In May As ‘Hope’ Evaporates

Conference Board Confidence Stagnates In May As ‘Hope’ Evaporates

The Conference Board’s Consumer Confidence index disappointedly slipped lower in May from a revised lower 117.5 to 117.2 (well below the 118.8 exp), still well below the pre-COVID levels of exuberance.

Source: Bloomberg

The driver is clear as ‘current conditions’ surge from 131.9 to 144.3, ‘hope’ for the future rolled over significantly from 107.9 to 99.1.

“Consumers’ assessment of present-day conditions improved, suggesting economic growth remains robust” in the second quarter, said Lynn Franco, senior director of economic indicators at the Conference Board, in a statement.

“However, consumers’ short-term optimism retreated, prompted by expectations of decelerating growth and softening labor market conditions in the months ahead.”

Plans to buy cars, homes, and major appliances all tumbled in May.

Tyler Durden
Tue, 05/25/2021 – 10:20

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Biden To Meet With “Killer” Putin During June 15 Summit In Geneva

Biden To Meet With “Killer” Putin During June 15 Summit In Geneva

Just after the Biden Administration invited backlash from Russia hawks by waiving sanctions on a Russian firm involved in the construction of the controversial Russia-to-Germany gas pipeline Nord Stream 2, it looks like President Biden has finally settled on a date for a face-to-face meeting with his “killer” colleague, Russian President Vladimir Putin.

Biden initially proposed an in-person meeting between the two leaders during a phone call (his second with Putin since the start of his presidency) back in April. The meeting would cover “the full range of issues” facing the two countries, presumably including the military situation in Ukraine and the SolarWinds hack, to name a few.

After slapping sanctions on Russian sovereign debt while expelling diplomats back in April, Biden said he hoped that the decision to ratchet up sanctions wouldn’t spoil the mood for a summit. Apparently, both sides feel comfortable moving ahead. Russia most recently signaled that the summit would likely be held in mid-June.

On Tuesday morning, Bloomberg reported that Biden and Putin will be meeting in Geneva starting June 15, confirming that talks between the two former allies will move ahead.

There’s plenty for the two sides to talk about: From the SolarWinds hack, to Russia’s treatment of dissident Alexei Navalny, to the election interference narrative that Dems won’t ever let die.

CNN added that the White House and the Kremlin are finalizing details of the summit this week. As it stands, the meeting will take place at the conclusion of Biden’s first trip abroad as president.

The White House dispatched national security adviser Jake Sullivan to Geneva this week to meet with his Russian counterpart, officials said, as details are being hammered out for the meeting between Biden and Putin.

While the summit will mark Biden’s first meeting with Putin since the start of his presidency, Biden previously met with Putin during his time as vice president, including a 2011 meeting during which Biden said he looked into Putin’s eyes and declared: “I don’t think you have a soul.” During an interview back in March, Biden called Putin a “killer”, saying Putin “will pay a price” for his efforts to undermine the 2020 election.

Above all, the White House will do everything in its power to contrast Biden’s meeting with Putin to Trump’s infamous 2018 summit in Helsinki with Putin, during which the two world leaders appeared side by side while Trump memorably pushed back against the Russian electoral interference narrative, much to the consternation of American mainstream media pundits and their Democratic allies.

That same trip will include a meeting with the G-7 in England. Of course the G-7 was formerly known as the G-8, but reverted to the G-7 after expelling Russia back in 2014 following the annexation of Crimea. Meanwhile, last week, US Secretary of State Antony Blinken met with Russian Foreign Minister Sergey Lavrov, the first high-level encounter between the US and Russia since Biden took office.

Tyler Durden
Tue, 05/25/2021 – 10:15

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US New Home Sales Plunge After Massive Downward Revision As Prices Soar

US New Home Sales Plunge After Massive Downward Revision As Prices Soar

With home prices soaring at their fastest pace since 2005 in March, and existing home sales unexpectedly tumbling for the 32rd straight month in April, analysts expected new home sales to finally fall prey to the affordability crisis in April (after screaming 20.7% MoM higher in March due to February’s weather impacts). Thanks to a massive downward revision for March – from that 20.7% to just 7.4% – April new home sales plunged 5.9% MoM (from that revised print).

Ignore the YoY comps since nothing sold last year.

Source: Bloomberg

Having bucked the trend of existing- and pending-home sales, new home sales have finally snapped lower to 863k (losing the 1 million mark once again)…

Source: Bloomberg

A jump in building materials costs is contributing to higher prices, a headwind for an otherwise robust housing market.

New home sales fell in the Northeast (-13.7%),Midwest *-8.3%), and the South (-8.2%), but rose in the West (+7.9% vs -31.8% in March).

And, as we have noted recently, the enthusiasm of homebuilders (near record highs) is mirrored almost perfectly by the total disdain of homebuyers (near record lows) as rates rising alongside home prices removes all but the wealthiest from the American Dream pipeline…

Source: Bloomberg

So, Mr. Powell, keep pumping (and face even bigger crises), or pull the rip cord now and deal with the carnage?

Tyler Durden
Tue, 05/25/2021 – 10:11

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Texas Deputies Say They Were ‘Molested and Traumatized’ by Colleagues During Federally Funded Prostitution Stings


Screen Shot 2021-05-25 at 9.06.47 AM

Texas “‘bachelor party’ prostitution stings soon grew into a booze-fueled playground for sexual exploitation,” claims a new lawsuit. Several high-ranking Harris County law enforcement officers are accused of sexually assaulting and harassing their female colleagues under the guise of stopping human trafficking. In a new federal lawsuit, women currently or formerly employed with the Harris County Constable’s Office accuse Precinct 1 Constable Alan Rosen, Assistant Chief Chris Gore, and Lieutenant Shane Rigdon of having “molested and traumatized” them in the course of conducting prostitution stings paid for by the federal government.

Rosen, Gore, and Rigdon are the leaders of the department’s federally funded human trafficking unit, notes the lawsuit, calling the unit “an opportunity for notoriety and media attention.” Like so many of its kind, it considers entrapping sex workers via undercover prostitution stings to be the main part of its mission. The unit commonly has cops pose as “johns” to get sex workers to agree to illegal acts. They then arrest them under the misguided theory that most sex workers are forced into it and if you only arrest enough of them, someone will give up “their sex traffic business handlers.”

Yet the suit presents no suggestion that any “sex traffic business handlers” or “human trafficking” rings were ever stopped (the unit did “not focus on solving cases at all,” it states), merely that sex workers—and at least one minor—were harassed by police and then arrested afterward. Several female cops were allegedly subjected to similar abuse and mistreatment, only without the arrests at the end.

These female deputies—Liz Gomez, Marissa Sanchez, and Felecia McKinney—were selected for undercover operations with the unit “under the guise of legitimate police work” and subsequently harassed and mistreated “by their intoxicated male commanding officers,” states the lawsuit, filed in the U.S. District Court for the Southern District of Texas:

What began as an idea for “bachelor party” prostitution stings soon grew into a booze-fueled playground for sexual exploitation in which young, untrained deputies were subject to disgusting abuse. Both Constable Rosen and the Harris County District Attorney’s Office have known about this abuse for months, but they refused to take any action and rebuffed anyone who complained. Constable Alan Rosen attended at least one of these “parties” personally. Three of the young deputies spoke up about their abuse to their supervisors at the Constable’s Office, including Constable Rosen’s chief of staff, but they were ridiculed by their commanders, retaliated against by their abusers, and quietly reassigned to less prestigious duties.

In addition, Jacquelyn Aluotto, a “human trafficking advocate” employed by the county (and the fourth plaintiff in this suit) spoke up about went what on as part of these undercover operations and was fired the day after giving an interview to the office’s Internal Affairs division, the suit says.

Besides detailing alleged mistreatment against Aluotto, Gomez, Sanchez, and McKinney, the women’s suit offers a dismaying look at how Harris County, which encompasses Houston, is spending federal human trafficking grant money:

In Gore’s bachelor partyoperations, the division would set up surveillance in a hotel room or suite, and both male and female deputies would be present in an undercover capacity in a partylike atmosphere where the female deputies would pose as other prostitutes present for the same purpose. Ideally, this would entice any prostitutes called to the location to feel more comfortable in quickly agreeing to sex in exchange for a fee, and an arrest could be made. This type of operation did not result in more productivity; it did provide an opportunity though for the male deputies to have more fun under the guise of actual police work. Each and every one of these “bachelor party” stings were countysanctioned operations. Despite being “in a legal gray area,” as Chief Gore would refer to the operations when discussing them with his underlings, they were done in accordance with department policy, set and approved by Rosen. …

Alcohol was purchased with HCCO1 petty cash and consumed in abundance. The male supervisors would continually pressure female deputies to drink. Gore would tell the female deputies to “drink up,” “get loose,” and that it was time to “start the party.” The stingswere indeed more of a party atmosphere than an actual operation.

Gomez, Sanchez, and McKinney say they were untrained for this sort of work and picked for it by Gore “based on his personal taste in women—young, attractive, and Latina.” As part of the operation, they were “continuously subjected to sexual harassment, unwarranted touching, unwanted kissing, molestation, and sexual ridicule,” their suit asserts. And this allegedly started before the stings even began:

Chief Gore instructed Gomez to purchase new and revealing clothing and send images via text to Chief Gore while shopping. Gore would relay the message “that’s not slutty enough” while Gomez was trying on the clothing at the store, and was ordered to purchase something more provocative.

Gomez was then ordered to try on the dresses for Gore in his office.

Gomez was ordered to accompany Chief Gore to an adult sex shop where he would pick out some propsand work on chemistrywith her. After picking up a product labeled “cock sleeve,” Chief Gore commented to the young female deputy “oh I bet you would like this.” He also instructed Gomez to purchase dildos and to pick out the ones you would personally prefer.These sex toys were paid for with County funds. This trip to the sex shop was also the first of several instances where Chief Gore told Liz Gomez she was not allowed to work with any other male deputiesshe was “his.”

And it got worse from there, according to Gomez and the other plaintiffs:

Female deputies were … ordered that during these operations to maintain coverChief Gore would be lying down on top of them, fondling their breasts and bodies. They were never warned, however, that during this conduct Chief Gore would be wearing only boxer shorts, fully aroused, drunk, kissing and licking their bodies, and giddy after every sting. …

Cameras were set up so that the entire room was viewable. Chief Gore, however, instructed the surveillance teams to ensure that none of the “party scenes” were caught on the footage that would be provided to the District Attorney’s Office for any arrests.

Lieutenant Shane Rigdon would review all surveillance of the operations the day following the evening stings and delete footage that he declared “lacked evidentiary value” before providing the evidence to the District Attorney’s Office, again in violation of criminal discovery statutes.

Gomez asked to be removed from the undercover team after partaking in two such “parties.” She was replaced by Marissa Sanchez, who says she was subjected to the same sort of treatment as Gomez had been:

As the first suspects arrived and the sting began, Chief Gore immediately took off Sanchez‘s bra without warning and for no real reason. He then threw her bra across the room. This conduct would become his routine at the beginning of every single operation. While her breasts and naked body were exposed due to Chief Gore’s actions, he would continuously laugh, even after the undercover operation ended.

Chief Gore would maneuver his body on top or under Sanchez, where she could feel his arousal. Chief Gore also would immediately begin kissing and licking Sanchez‘s neck and chest. Chief Gore was intoxicated during these assaults due to the shots of hard liquor he insisted all undercovers consume before and during operations and the cases of beer the male deputies consumed throughout the operations.

Sanchez complained to Rosen about what happened and was transferred to another “less prestigious” unit.

Ironically, the deputy plaintiffs in this suit express few qualms about how the non-cop women in these situations were treated. And even when criticizing the way a particular victim situation was handled, Aluotto—the human trafficking advocate—expresses no reservations about the underlying premises of the work, which involved arresting suspected victims, including minors:

On one sting, Aluotto and Gore’s female “undercover partner” were interviewing a minor trafficking victim after an arrest was made. Chief Gore burst into the room, intoxicated from the evening’s festivities, and pulls his “partner” out of the interview in the middle of the child’s outcry before anything of substance was conveyed by the minor victim. Tired and intoxicated, Gore had his fun and was ready to leave. He demanded the minor female trafficking victim “hurry up” with her statement and began to yell at her. He did not care about the law enforcement work to be done.

Like her colleagues, McKinney alleges that her “experience in the undercover bachelor party stings was gruesome and gutwrenching.” But “her most horrifying experience came from [another] operation overseen and approved by Constable Alan Rosen,” involving a male massage parlor worker accused of sexually assaulting Rosen’s chief of staff.

McKinney was ordered to enter the parlor in an undercover capacity and wait to be sexually assaulted to give the raid signal,” despite the fact that there “was already sufficient evidence to make an arrest prior to exposing McKinney to this trauma,” her suit states. As part of the operation, she was “penetrated in both her vagina and anus by the same individual who had only days before assaulted the HCCO-1 staff member.” She says she was then forced to drive herself to a sexual assault exam and report the charges to the district attorney herself.

The suit accuses Harris County of retaliation and of violation of equal protection by loss of bodily integrity, and accuses Rosen, Gore, and Rigdon, and Harris County of sexual harassment and sexual battery.

“I have a zero-tolerance stance against sexual assault and sexual harassment and would never allow a hostile work environment as alleged,” said Rosen in a statement. “This lawsuit is an effort to impugn the good reputation of the hard-working men and women of the Precinct One Constable’s Office. I believe our system of due process works and that justice and truth will prevail as facts in this case come to light.”


FREE MINDS

Georgia loses suit over anti-boycotting law:


FREE MARKETS

Conservative groups rally against Biden’s IRS expansion plan. I wrote about the plan—which involves hiring 87,000 new IRS staffers and expanding their access to information about Americans’ financial accounts—in Roundup last week.

“Conservative groups have launched a campaign of TV ads, social media messages and emails to supporters criticizing the proposal to hire nearly 87,000 new IRS workers over the next decade to collect money from tax cheats,” notes Politico. More:

They accuse the Biden administration of pushing for the IRS expansion as a way to raise taxes, increase dues paid to left-leaning unions, and increase oversight on political organizations, as happened with the rise of Tea Party groups during the Obama presidency.

The campaign further dampens already remote prospects for bipartisan negotiations. Biden and fellow Democrats have held out hope that the $80 billion proposal to crack down on tax evasion by high-earners and large corporations could be an area of agreement between the two parties, even if the GOP is skeptical about the amount it could raise.

Many Republicans have already expressed opposition to the other ways Biden wants to raise money, including taxes on corporate and wealthy Americans, to pay for his roughly $4 trillion worth of plans to repair roads and bridges and offer free community college and paid family leave, among other proposals.

And some Republicans, who have long worked to shrink the IRS, hope opposition to the IRS proposal — which the administration says will raise $700 billion over a decade — could help defeat Biden’s costly spending plans altogether.

Meanwhile in Elizabeth Warren land:

The Massachusetts Democrat is proposing to give the IRS a mandatory annual budget of $31.5 billion, up from the $11.9 billion the agency received from Congress for fiscal year 2021. Warren’s legislation would remove the agency’s funding from the annual appropriations process, so that it wouldn’t change based on the year-to-year whims of Congress.


QUICK HITS

• More than 50 percent of adults in 25 states, D.C., and Guam have been fully vaccinated.

• Secret recordings reveal officials discussing the “filthy” conditions of 4,632 immigrant kids held in a Texas detention camp, reports Reason‘s C.J. Ciaramella.

• Biden’s infrastructure plan is flailing.

• NetChoice vice president Carl Szabo comments on Florida’s new social media law:

By forcing websites to host speech, this bill takes us closer to a state-run internet where the government can cherry pick winners and losers. By carving out companies like Disney and Universal, Florida’s legislature revealed its anti-tech fervor and true intent to punish social media for allegations of anti-conservative bias.

• A bipartisan coalition in Congress “has introduced the TRUST Act (S. 1295), which would set up a bipartisan legislative process to keep the Social Security, Medicare, and highway trust funds solvent.”

• “Seven Republican lawmakers in the Maine House of Representatives lost their committee posts on Monday after they were recorded entering a legislative building without masks despite rules requiring them,” The Hill reports.

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EU Sanctions Belarus For “State Terrorism” – National Airline Now Banned From Europe’s Airspace

EU Sanctions Belarus For “State Terrorism” – National Airline Now Banned From Europe’s Airspace

As we noted on Monday European countries, following the example of Lithuania and the UK, are now effectively imposing a ban on European carriers flying through Belarusian airspace after Sunday’s Ryanair incident where the Ireland-based airliner was forcibly diverted from its flight path to land in Minsk, in order for Belarusian authorities to arrest anti-Lukashenko journalist Roman Protasevich.

And simultaneously EU leaders have barred Belarusian airlines from flying over EU territory, which would be devastating to state-owned Belavia’s operations and the Belarusian economy broadly. The UK on Monday confirmed that it has suspended the national Belarusian airline’s operating permit. Protasevich’s girlfriend Sofia Sapega had also been detained. “European leaders meeting in Brussels called for the release of the pair and hit back at Minsk by agreeing to ban Belarusian airlines from the bloc and urging EU-based carriers not to fly over its airspace,” Moscow Times reports.

Via TASS

Brussels has also confirmed it’s looking to expand and ramp up already in place sanctions against the country and its 27-year long strongman ruler Alexander Lukashenko. CNBC notes that the US will likely move on imposing its own measures in conjunction with the EU: “…the EU’s decision to implement new sanctions Monday was welcomed across the Atlantic, and President Joe Biden said the US will look at imposing measures against Belarus too,” the report notes.

The Ryanair flight from Athens to Vilnius, Lithuania had been intercepted and escorted by Belrusian Air Force MiG-21 jets, which US and EU officials have slammed as putting the 170 passengers at risk. Americans had been among the international passengers on board. 

Pratasevich had been arrested the moment the plane touched down in Minsk – after which there was near universal condemnation and outrage coming from the West over what many dubbed “state hijacking” and “state terrorism”

The European Council is now said to be drawing up a list of “persons and entities” in Belarus to potentially be subject of new targeted sanctions. This after sanctions which go back to the early 2000’s against 88 individuals and seven organizations are already in place, according to BBC, which reviews further

The EU first introduced restrictive measures against Belarus in 2004, following the disappearance of two opposition politicians, a journalist and a businessman several years earlier. These included an arms embargo and a ban on “the export of goods linked to internal repression”.

The EU imposed more sanctions against Belarus on 1 October 2020, in response to the “brutality of the Belarusian authorities and in support of the democratic rights of the Belarusian people”.

Meanwhile a video of a detained and roughed-up looking Roman Protasevich has appeared online…

Any looming punitive actions will likely take the form of travel bans and asset freezes – but again, the most economically devastating will be those possibly permanent actions targeting the country’s commercial airline industry.

Tyler Durden
Tue, 05/25/2021 – 09:47

via ZeroHedge News https://ift.tt/3fKe0eb Tyler Durden

Fed To Treasury Dealers & Congress: We Can’t Count On You, We’re Taking Charge

Fed To Treasury Dealers & Congress: We Can’t Count On You, We’re Taking Charge

Authored by Charles Hugh Smith via OfTwoMinds blog,

The Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness. .

There are two standard-issue narratives about the Federal Reserve’s agenda: the Fed’s official narrative is that the Fed’s mandate is to keep inflation under control while promoting full employment. The unofficial mandate that’s obvious to all is to prop up assets, especially the stock market, which has become the Fed’s preferred signifier of prosperity and the rightness/goodness of Fed policies.

The other narrative results from “following the money”: the Fed is owned by private-sector banks, and so behind the curtain of happy-talk (full employment, blah-blah-blah), the Fed’s only real agenda is to further enrich banks and too big to fail/jail financiers–something it has managed to do with remarkable success.

That the Fed inflated the 1999-2000 dot-com bubble and the 2005-2008 housing bubble is undeniable, as is the Fed’s 2008-09 bailout of the global financial system and too big to fail/jail mortgage originators and a vast array of other profiteering, embezzler-scoundrels.

The Fed’s zero-interest rate policy (ZIRP) and unprecedented quantitative easing monetary stimulus have pushed the Fed balance sheet, federal debt and systemic debt to heights that heretofore would have been inconceivable. (Charts below)

While pursuing these non-mutually-exclusive agendas–we came to do good and stayed to do well— the Fed has generated destabilizing extremes of wealth and income inequality, a reality that the Fed risibly denies. (There must be much mirth about this BS behind closed doors.)

Allow me to posit a third agenda which doesn’t negate either conventional agenda but does explain some of the Fed’s actions since 2008. As the system unravels, the Fed’s primary imperative is to save the financial system and economy from the greed-soaked incompetence of the other players, public and private, by taking charge of critical swaths of the financial system and economy.

After the subprime debacle almost took down the entire global financial system, the Fed (with a bit of help from Congress) essentially took over the entire $10 trillion US mortgage market. Private-sector lenders had figured out how to issue guaranteed-to-default mortgages and pass off the fraudulent mortgage-backed securities (MBS) to pension funds in Norway and a global cast of suckers who believed America’s financial system was properly regulated. (Haha, the joke’s on you.)

In response, the Fed basically nationalized the mortgage market, buying more than $1 trillion in mortgage-backed securities and ensuring that virtually all mortgages in the U.S. were guaranteed or originated by federal agencies: Fannie Mae and Freddie Mac (after their bankruptcy as quasi-private agencies), FHA and VA.

More recently, the Fed realized the private broker-dealer banks that handle the all-important issuance of Treasury bonds could no longer be trusted. As this article explains, Fed Prepares To Go Direct With Liquidity“The Fed’s primary concern is not employment or inflation, but rather keeping the market for Treasury securities functioning.”

In response, the Fed is cutting the broker-dealers out as unreliable players. The Treasury market and the US dollar are the foundations of federal spending and power, and so the Fed has realized that, just as it did with the greedy, fraudulent embezzlers of the private-sector mortgage market, it has to bypass or neuter the private-sector players as threats to stability.

Next up on the Fed’s agenda: take charge of the issuance of new money to households and cut Congress out of the loop. If you read up on the Fed’s plans for its own digital currency and the FedNow system, you’ll come to understand that the Fed has concluded that supporting consumption (i.e. giving money to households to enable more spending) is too important to leave in the corrupt hands of the legislative bodies (Congress) or the Treasury, which must issue debt to raise cash to distribute to households, debt that further burdens federal revenues and spending.

The Fed has concluded that supporting demand / consumption is too important to be left to the partisan antics and pay-to-play corruption of Congress. So the Fed’s plan is to create new money out of thin air and deposit it directly in household accounts via the FedNow system.

We can’t count on you, broker-dealers or Congress, so we’re taking charge, as the system is now so over-extended that any misadventure by other players could well be catastrophic. So the only alternative from the Fed’s point of view is to take charge and cut the untrustworthy, self-serving incompetents out of the loop.

The danger of this power grab is that the Fed will misjudge the situation, and that will prove catastrophic because the system has been stripped of resilience, feedback and redundancy. I suspect the Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness.

This Federal Reserve paper is typical of the groundwork being laid for the Fed digital currency and direct deposits to households via FedNow accounts.

Preconditions for a general-purpose central bank digital currency (Federal Reserve)

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Tyler Durden
Tue, 05/25/2021 – 09:35

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