“Cash Delay” Deliveries Strike Polish ATMs As People Panic Hoard Amid Ukraine Crisis

“Cash Delay” Deliveries Strike Polish ATMs As People Panic Hoard Amid Ukraine Crisis

Russian forces continue to invade Ukraine for the second day, causing mass panic in neighboring countries. Poland, which has a 326-mile border with Ukraine, is bracing for a wave of refugees. The spillover of chaos is also causing Polish people to panic hoard cash on Friday as bank ATMs run out of money, according to Bloomberg

The National Bank of Poland (NBP) released a statement Friday indicating it had enough cash reserves though increased demand for cash contributed to some ATMs running out of money. 

Due to the increased demand for cash, Narodowy Bank Polski informs that it has sufficient reserves to fully cover the demand of bank customers for cash. All bank orders are carried out without value limits, in the full nominal structure, throughout the country.

Narodowy Bank Polski is in close cooperation with all entities servicing the cash market in Poland. Due to the increased scale of transactions, in some locations there may be delays in the delivery of cash to ATMs from the logistic centers of commercial banks and cash handling companies.

Poland’s unit of ING Groep NV reports a massive increase in demand for cash after the invasion of Ukraine, according to Business Insider. 

The bank’s CEO Brunon Bartkiewicz said the cash crunch should dissipate in the coming days as Polish banks are stable and there’s is no risk to people’s savings.

Bloomberg points out, “another indication of tighter liquidity, the amount of surplus cash that Polish banks placed in 7-day bills at the central bank’s weekly auction dropped to 187 billion zloty ($45 billion) on Friday, the smallest amount in 2022 and 22% below this year’s average.” 

Amid an emerging cash crunch, the country also expects a massive influx of refugees from Ukraine. Poland’s Border Guard said 29,000 refugees were cleared to enter on Thursday as tens of thousands of more wait for entry. Brussels estimates that Ukrainian refugees could top one million as many will soon enter Poland, Slovakia, Hungary, and Romania. 

The nature of the evolving situation in Ukraine means spillover events are already emerging in neighboring countries as Europe braces for one of the most significant humanitarian crises not seen since World War II — with serious humanitarian, political and societal costs for the continent. 

Tyler Durden
Sat, 02/26/2022 – 07:35

via ZeroHedge News https://ift.tt/bgpNHlQ Tyler Durden

Cold War Thinking Isn’t Working

Cold War Thinking Isn’t Working

Authored by José Niño via The Mises Institute,

With Russia launching a military invasion of Ukraine on February 24, 2022, the corporate press has grown shrill in its calls for punishing Russia with draconian sanctions, supplying Ukraine with increased military aid, and diplomatically isolating the Eurasian power as much as possible. The two-minutes hate against Russia has been cranked up to 11, thereby making any nuanced analysis of why the conflict between Russia and Ukraine has reached such a point almost impossible.

The failure of policy wonks to understand why Russia took decisive action against Ukraine is emblematic of a flawed grand strategy that has dominated DC foreign policy circles since the end of the Cold War. Once the dust settled from the Soviet Union’s collapse, international relations specialists were convinced that the US had entered an “end of history” moment where liberal democracy would become the governing standard worldwide. Former Soviet Union states would be the preliminary trial ground for this new liberal democratic project.

Through expanding the reach of the North Atlantic Treaty Organization (NATO) into FSU states and the use of color revolutions in this region, Washington believed that it could reshape this part of the world in its image. From dealing with violent insurgencies in the Caucasus to confronting precipitous declines in life expectancy and other social ills such as rising criminal activity, the Soviet Union’s successor in the Russian Federation was in no shape to resist American influence let alone project power within its backyard during the 1990s.

It’s small wonder why NATO was able to easily intervene in the Balkans, a region featuring ethnic groups like Serbians who have traditionally been allies of the Russians, at a time when Russia was in a wobbly state. Nevertheless, avid students of Russian history such as George Kennan, the author of the Long Telegram and America’s containment policy towards the Soviet Union, recognized that the Russian bear was down but not out. During the 1990s, the renowned diplomat warned about the dangers of NATO expansion following the Soviet Union’s dissolution. Despite Kennan’s admonitions, the DC political class was drunk on the notion that the US would remain unipolar and be able to impose its universalist vision across the globe at will.

While the US began throwing its weight around overtly and covertly in the Balkans, Afghanistan, Iraq, Libya, and Syria, Russia gradually reconstituted itself, much to the surprise of American foreign policy wonks. The US sponsored Rose Revolution and Orange Revolution in Georgia and Ukraine respectively on top of attempts to add these countries into NATO’s security umbrella served as wake up calls to the Russian national security establishment. The US’s outwardly benign image then looked more and more like that of a hostile external actor trying to sneak its way into Russia’s historical sphere of influence. Conflict between the two powers would soon become inevitable. 

Russia’s concerns are understandable when viewed from a geopolitical lens. The US has its own Monroe Doctrine to keep external actors out of the Western Hemisphere. Exercising such policies are not the exclusive domain of the US, however. Once other civilization states grow stronger and revert to their historical levels of prominence, they proceed to reassert themselves in their respective domains. These powers’ principal aim is to expel any undue influence from foreign powers that try to encroach in their traditional sphere of influence.

However, the US has applied the Monroe Doctrine at a global scale treating the whole world as its sphere of influence. American policymakers have done so in complete disregard for the potential costs and blowback that could result from overzealous incursions into great powers’ backyards.

No one here is saying Russia is an angel. In fairness, the Poles and Baltic states have legitimate historical grievances with Russia due to the latter’s previous imperial dominion over the former. However, there’s little to suggest that Russia is seconds away from launching a blitzkrieg against Eastern Europe. If the Baltic states and Poland were so worried about Russian aggression, they would consider setting up their own security architecture independent of NATO and even consider building a minimum viable nuclear deterrent.

But tropes of Russia being the second coming of Nazi Germany, with all the attendant tropes of appeasement, are simply lazy analogies with scant historical nuance. There are qualitative differences between those regimes. Moreover, for some in the DC blob, the Cold War has not ended. For example, Texas Senator Ted Cruz called out Vladimir Putin for being “a communist” last May.

However, this characterization of Russia as a home of Soviet-style socialism is an outmoded and inaccurate description of what contemporary Russia looks like. Bryan MacDonald, a journalist whose primary focus is on Russia affairs, pointed out that “Russia has a flat 13% income tax rate” and “tiny social welfare payments” to demonstrate that the Russian economy is not necessarily a full-blown command economy like its Soviet predecessor.

In addition, international relations scholar Artyom Lukin observed that Russia under Putin’s tutelage is “a conservative autocracy resembling the czarist Russian Empire” in how it manages its internal affairs. He cited one instance of a Communist Party activist being hauled before a court for engaging in so-called “hate speech” to demonstrate the Russian government’s unique strain of authoritarianism that is not necessarily a spitting image of the Soviet Union. In a hysteria-filled environment of political discourse, these kinds of nuances fall by the wayside.

Unfortunately, there isn’t much in the way of thoughtful geopolitical analysis occurring these days. It’s going to take a new generation of leaders who are not encumbered by tired political assumptions to change the course of American foreign policy.

The first step is for foreign policy leaders to admit that the 20th century international relations landscape is over and that US primary threats are more internal than external in nature.

Sticking to Cold War era assumptions is a recipe for a sub-optimal foreign policy, which could increase the probability of the US stumbling into a disastrous war of choice. If the initial responses to Russia’s invasion of Ukraine have told us anything, it’s that DC still hasn’t learned the error of its ways.

Tyler Durden
Sat, 02/26/2022 – 07:00

via ZeroHedge News https://ift.tt/tbvYa7F Tyler Durden

The Fuzzy Moral Line Between Drinkers and Bartenders


book2

Smashing the Liquor Machine: A Global History of Prohibition, by Mark Lawrence Schrad, Oxford University Press, 725 pages, $34.95

Mark Lawrence Schrad thinks Carrie Nation, the hatchet-wielding vigilante who rampaged through saloons at the beginning of the 20th century, gets a bum rap. While Nation was “easy to mock as a Bible-thumping ‘crank,’ ‘a freak,’ ‘a lunatic,’ or a ‘puritanical killjoy,'” Schrad says, she was actually a courageous and kindly woman devoted to “justice, love, and benevolence.” Her enemy “was not the drink or the drinker, but ‘the man who sells,'” Schrad, a Villanova political scientist, writes in Smashing the Liquor Machine: A Global History of Prohibition. “This is important.”

I’m not sure that distinction, which underpins Schrad’s broader effort to redeem the reputation of alcohol prohibitionists, is as important as he thinks. I’m not even sure it makes sense. Without drinkers, after all, there would be no brewers, vintners, distillers, liquor merchants, or tavern keepers. In Schrad’s telling, the customer is not king; he is barely a serf.

Schrad’s defense of prohibition depends on the notion that people have no real control over whether or how much they drink. Schrad, who confesses to a fondness for Manhattans but nevertheless seems to have avoided a disastrous descent into alcoholism, surely knows that is not true. Yet without that fiction, his distinction between “the drinker” and “the man who sells” dissolves like the sugar in a well-mixed old fashioned.

Schrad’s exhaustive study, the product of prodigious and groundbreaking research, nevertheless complicates the conventional understanding of alcohol prohibition, which sees it as a distinctly American and reactionary phenomenon. According to this view, Schrad says, the movement to ban alcohol was “the last-gasp backlash of conservative, rural, native-born Protestants against the rising tide of urbanization, immigration and multiculturalism in turn-of-the-century America.” To the contrary, he shows, the movement spanned the globe, often pitting “subaltern” groups against elites and native leaders against colonizers. “Prohibitionism,” Schrad writes, “wasn’t moralizing ‘thou shalt nots,’ but a progressive shield for marginalized, suffering, and oppressed peoples to defend themselves from further exploitation.”

Even as he strives to correct caricatures of prohibitionists, Schrad indulges in sweeping stereotypes of liquor vendors, whom he reflexively describes as “unscrupulous” or “predatory.” The liquor joints of the time, he emphasizes, were nothing like Sam Malone’s “cozy, respectable” bar on Cheers, “where everybody knows your name” and the proprietor is “like a therapist or best friend” who makes sure his customers get home safely when they overimbibe.

The man in charge of the village kabak in 19th century Russia, in contrast, was a “shyster” who “became the primary interface between the peasant and the predatory state,” which had a monopoly on vodka production. “By oath,” Schrad writes, “he could never refuse even a habitual drunkard, lest the tsar’s revenue be diminished.” He would gladly continue serving customers until their pockets were empty, forcing them to exchange their clothes for more before ejecting them to die naked in the cold. The Russian state was so dependent on alcohol revenue that in 1859 it brutally suppressed a “temperance revolt” in Spassk; elsewhere, soldiers literally forced vodka down the throats of recalcitrant peasants.

While these are extreme examples, Schrad’s general thesis is that liquor suppliers across the world were guilty of outrageous abuses that explain the prohibitionist response. No doubt that was true in many cases. But Schrad’s unremittingly negative portrait of the industry makes you wonder: Was there no such thing as an honest liquor merchant or a happy customer? Did saloons offer nothing but misery and corruption?

Schrad is so intent on painting alcohol sellers as villains that he is driven to contradiction. He faults them for selling high-proof products, which he views as especially addictive. But he also faults them for watering down their drinks, which by his logic should have made their wares less dangerous. He criticizes them for low prices, which encouraged overconsumption, but also for high prices, which drove heavy drinkers further into poverty. And government liquor monopolies are alternately bad or good, depending on who is in charge: avaricious autocrats in Russia or enlightened regulators in Sweden.

The medical and social harms of alcoholism that Schrad describes are beyond dispute. The question is whether those costs justify criminalizing peaceful transactions between consenting adults. Here is where Schrad’s line between drinkers and “the liquor machine” becomes hazy.

The relevance of the choices made by individual drinkers is hard to miss in Schrad’s account of protests by Mohandas Gandhi’s followers at Indian liquor stores, which his campaign of “nonviolent noncooperation” targeted because they generated revenue for the British Raj. “Not only would nationalists boycott liquor themselves, they would actively scare away would-be drinkers from the government stores,” Schrad explains. “While not preventing entry by force, one of the (usually) seven or eight picketers would verbally harass would-be customers, sometimes hurling ‘very filthy language.'” If the customers nevertheless completed their purchases, they faced even worse abuse on their way out.

Gandhi was appalled when these protests descended into murderous violence. But even the initial tactics make it clear that the anti-liquor activists were angry at drinkers as well as the businesses that supplied them. And Gandhi’s endorsement of legal prohibition, which necessarily involves the use of force, is hard to reconcile with a commitment to peace and tolerance.

Schrad nevertheless insists that prohibitionists did not oppose “the individual’s right to drink.” Rather, they opposed “profit-making from trafficking in addictive substances.” Let us consider that distinction in the U.S. context.

Unlike our current drug laws, the 18th Amendment and the Volstead Act did not prohibit the mere possession or consumption of the substance they targeted. But they did ban the “manufacture” as well as the “sale” and “transportation” of “intoxicating liquors.” That ruled out home brewing, wine making, and distilling, except for religious or medicinal purposes. So even drinkers who had the supplies, equipment, and know-how to make their own alcoholic beverages faced punishment if they got caught doing it. That point aside, the prohibition of commercial production and distribution obviously had a big, intentional impact on Americans’ ability to legally exercise “the individual’s right to drink.”

The black market created by that policy did not ameliorate the iffy quality and official corruption that Schrad ties to the legal alcohol industry. It made those problems worse, while also fostering violence, boosting organized crime, and undermining civil liberties. Nor did Prohibition unambiguously deter excessive drinking: It pushed suppliers toward more potent products that were easier to smuggle, and it drove consumption underground, weakening the social forces that encourage moderation. Such effects persuaded many Americans who initially supported Prohibition that the “noble experiment” had failed.

Despite Schrad’s avowed empathy for the common man, he has little patience with the indignant drinker who thinks his choice of recreation is no one’s business but his own. Schrad takes it for granted that political leaders should be free to choose whatever policies they think will promote the public welfare.

As Schrad notes, the British philosopher John Stuart Mill generally championed the same “great reforms” as illustrious prohibitionists such as Frederick Douglass, including abolition, universal suffrage, and equal rights for women. But Mill parted company with Douglass et al. when it came to restricting alcoholic beverages. “Prohibition of their sale is in fact, as it is intended to be, prohibition of their use,” Mill wrote. “The infringement complained of is not on the liberty of the seller, but on that of the buyer and consumer.”

Schrad rejects Mill’s “right-to-drink argument” because it “effectively exonerated the liquor trafficker’s predations; the man who sells simply disappears from the equation.” In Schrad’s formulation, by contrast, the drinker disappears from the equation, since seemingly voluntary transactions are redefined as “predations.”

If your concept of liberty includes the right to acquire and exchange property, of course, you might have a different objection to Mill’s take: Why not defend “the liberty of the seller,” as long as he is honest and the buyer is willing? Schrad draws a distinction between “political rights,” which he says are based on “Enlightenment principles,” and “economic liberties,” which evidently are not. But this line is at least as fuzzy as the one between the drinker and “the man who sells.”

Schrad’s political rights include religious liberty and freedom of the press. It is hard to exercise those rights without economic liberties such as the right to buy land for a church or the right to buy tools of communication. And if people don’t have a right to the fruits of their labor, meaning their livelihoods depend on the state’s discretion or largesse, all their other rights are insecure.

Schrad calls prohibition “part of a long-term people’s movement to strengthen international norms in defense of human rights, human dignity, and human equality, against traditional autocratic exploitation.” But if human rights don’t include economic liberties, traditional autocratic exploitation can easily be replaced by equally oppressive forms of tyranny.

The post The Fuzzy Moral Line Between Drinkers and Bartenders appeared first on Reason.com.

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The Fuzzy Moral Line Between Drinkers and Bartenders


book2

Smashing the Liquor Machine: A Global History of Prohibition, by Mark Lawrence Schrad, Oxford University Press, 725 pages, $34.95

Mark Lawrence Schrad thinks Carrie Nation, the hatchet-wielding vigilante who rampaged through saloons at the beginning of the 20th century, gets a bum rap. While Nation was “easy to mock as a Bible-thumping ‘crank,’ ‘a freak,’ ‘a lunatic,’ or a ‘puritanical killjoy,'” Schrad says, she was actually a courageous and kindly woman devoted to “justice, love, and benevolence.” Her enemy “was not the drink or the drinker, but ‘the man who sells,'” Schrad, a Villanova political scientist, writes in Smashing the Liquor Machine: A Global History of Prohibition. “This is important.”

I’m not sure that distinction, which underpins Schrad’s broader effort to redeem the reputation of alcohol prohibitionists, is as important as he thinks. I’m not even sure it makes sense. Without drinkers, after all, there would be no brewers, vintners, distillers, liquor merchants, or tavern keepers. In Schrad’s telling, the customer is not king; he is barely a serf.

Schrad’s defense of prohibition depends on the notion that people have no real control over whether or how much they drink. Schrad, who confesses to a fondness for Manhattans but nevertheless seems to have avoided a disastrous descent into alcoholism, surely knows that is not true. Yet without that fiction, his distinction between “the drinker” and “the man who sells” dissolves like the sugar in a well-mixed old fashioned.

Schrad’s exhaustive study, the product of prodigious and groundbreaking research, nevertheless complicates the conventional understanding of alcohol prohibition, which sees it as a distinctly American and reactionary phenomenon. According to this view, Schrad says, the movement to ban alcohol was “the last-gasp backlash of conservative, rural, native-born Protestants against the rising tide of urbanization, immigration and multiculturalism in turn-of-the-century America.” To the contrary, he shows, the movement spanned the globe, often pitting “subaltern” groups against elites and native leaders against colonizers. “Prohibitionism,” Schrad writes, “wasn’t moralizing ‘thou shalt nots,’ but a progressive shield for marginalized, suffering, and oppressed peoples to defend themselves from further exploitation.”

Even as he strives to correct caricatures of prohibitionists, Schrad indulges in sweeping stereotypes of liquor vendors, whom he reflexively describes as “unscrupulous” or “predatory.” The liquor joints of the time, he emphasizes, were nothing like Sam Malone’s “cozy, respectable” bar on Cheers, “where everybody knows your name” and the proprietor is “like a therapist or best friend” who makes sure his customers get home safely when they overimbibe.

The man in charge of the village kabak in 19th century Russia, in contrast, was a “shyster” who “became the primary interface between the peasant and the predatory state,” which had a monopoly on vodka production. “By oath,” Schrad writes, “he could never refuse even a habitual drunkard, lest the tsar’s revenue be diminished.” He would gladly continue serving customers until their pockets were empty, forcing them to exchange their clothes for more before ejecting them to die naked in the cold. The Russian state was so dependent on alcohol revenue that in 1859 it brutally suppressed a “temperance revolt” in Spassk; elsewhere, soldiers literally forced vodka down the throats of recalcitrant peasants.

While these are extreme examples, Schrad’s general thesis is that liquor suppliers across the world were guilty of outrageous abuses that explain the prohibitionist response. No doubt that was true in many cases. But Schrad’s unremittingly negative portrait of the industry makes you wonder: Was there no such thing as an honest liquor merchant or a happy customer? Did saloons offer nothing but misery and corruption?

Schrad is so intent on painting alcohol sellers as villains that he is driven to contradiction. He faults them for selling high-proof products, which he views as especially addictive. But he also faults them for watering down their drinks, which by his logic should have made their wares less dangerous. He criticizes them for low prices, which encouraged overconsumption, but also for high prices, which drove heavy drinkers further into poverty. And government liquor monopolies are alternately bad or good, depending on who is in charge: avaricious autocrats in Russia or enlightened regulators in Sweden.

The medical and social harms of alcoholism that Schrad describes are beyond dispute. The question is whether those costs justify criminalizing peaceful transactions between consenting adults. Here is where Schrad’s line between drinkers and “the liquor machine” becomes hazy.

The relevance of the choices made by individual drinkers is hard to miss in Schrad’s account of protests by Mohandas Gandhi’s followers at Indian liquor stores, which his campaign of “nonviolent noncooperation” targeted because they generated revenue for the British Raj. “Not only would nationalists boycott liquor themselves, they would actively scare away would-be drinkers from the government stores,” Schrad explains. “While not preventing entry by force, one of the (usually) seven or eight picketers would verbally harass would-be customers, sometimes hurling ‘very filthy language.'” If the customers nevertheless completed their purchases, they faced even worse abuse on their way out.

Gandhi was appalled when these protests descended into murderous violence. But even the initial tactics make it clear that the anti-liquor activists were angry at drinkers as well as the businesses that supplied them. And Gandhi’s endorsement of legal prohibition, which necessarily involves the use of force, is hard to reconcile with a commitment to peace and tolerance.

Schrad nevertheless insists that prohibitionists did not oppose “the individual’s right to drink.” Rather, they opposed “profit-making from trafficking in addictive substances.” Let us consider that distinction in the U.S. context.

Unlike our current drug laws, the 18th Amendment and the Volstead Act did not prohibit the mere possession or consumption of the substance they targeted. But they did ban the “manufacture” as well as the “sale” and “transportation” of “intoxicating liquors.” That ruled out home brewing, wine making, and distilling, except for religious or medicinal purposes. So even drinkers who had the supplies, equipment, and know-how to make their own alcoholic beverages faced punishment if they got caught doing it. That point aside, the prohibition of commercial production and distribution obviously had a big, intentional impact on Americans’ ability to legally exercise “the individual’s right to drink.”

The black market created by that policy did not ameliorate the iffy quality and official corruption that Schrad ties to the legal alcohol industry. It made those problems worse, while also fostering violence, boosting organized crime, and undermining civil liberties. Nor did Prohibition unambiguously deter excessive drinking: It pushed suppliers toward more potent products that were easier to smuggle, and it drove consumption underground, weakening the social forces that encourage moderation. Such effects persuaded many Americans who initially supported Prohibition that the “noble experiment” had failed.

Despite Schrad’s avowed empathy for the common man, he has little patience with the indignant drinker who thinks his choice of recreation is no one’s business but his own. Schrad takes it for granted that political leaders should be free to choose whatever policies they think will promote the public welfare.

As Schrad notes, the British philosopher John Stuart Mill generally championed the same “great reforms” as illustrious prohibitionists such as Frederick Douglass, including abolition, universal suffrage, and equal rights for women. But Mill parted company with Douglass et al. when it came to restricting alcoholic beverages. “Prohibition of their sale is in fact, as it is intended to be, prohibition of their use,” Mill wrote. “The infringement complained of is not on the liberty of the seller, but on that of the buyer and consumer.”

Schrad rejects Mill’s “right-to-drink argument” because it “effectively exonerated the liquor trafficker’s predations; the man who sells simply disappears from the equation.” In Schrad’s formulation, by contrast, the drinker disappears from the equation, since seemingly voluntary transactions are redefined as “predations.”

If your concept of liberty includes the right to acquire and exchange property, of course, you might have a different objection to Mill’s take: Why not defend “the liberty of the seller,” as long as he is honest and the buyer is willing? Schrad draws a distinction between “political rights,” which he says are based on “Enlightenment principles,” and “economic liberties,” which evidently are not. But this line is at least as fuzzy as the one between the drinker and “the man who sells.”

Schrad’s political rights include religious liberty and freedom of the press. It is hard to exercise those rights without economic liberties such as the right to buy land for a church or the right to buy tools of communication. And if people don’t have a right to the fruits of their labor, meaning their livelihoods depend on the state’s discretion or largesse, all their other rights are insecure.

Schrad calls prohibition “part of a long-term people’s movement to strengthen international norms in defense of human rights, human dignity, and human equality, against traditional autocratic exploitation.” But if human rights don’t include economic liberties, traditional autocratic exploitation can easily be replaced by equally oppressive forms of tyranny.

The post The Fuzzy Moral Line Between Drinkers and Bartenders appeared first on Reason.com.

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Will Russian Invasion Of Ukraine Embolden China?

Will Russian Invasion Of Ukraine Embolden China?

Authored by Philip Wegmann via RealClearPolitics.com,

With a reconnaissance plane in tow Thursday, a small fleet of eight fighters deliberately probed disputed airspace before scrambled jets scared them away, an air-to-air episode that may be part of the larger international epoch which President Biden frequently describes as one of “democracy versus autocracy.” But these weren’t Russian fighters. They were Chinese.

The incursion is not unusual; China frequently tests the air defenses of Taiwan. But this minor aggression occurred against a bleak global backdrop: Russian tanks are rolling across Ukraine, and while the United States rallies world opinion against Moscow, China won’t even call it an invasion.

For the moment, however, the White House would rather look past a deepening China-Russia partnership and not connect any dots.

“Are you urging China to help isolate Russia?” a reporter from Reuters asked the president.

In the East Room of the White House, Biden replied, “I’m not prepared to comment on that at the moment.”

Neither was his press secretary.

At least not in any detail.

It was National Security Advisor Jake Sullivan who, unprompted earlier this month, warned Russia that invading Ukraine would lead to U.S. sanctions, necessarily making Moscow more beholden to Beijing for economic relief. So was the Biden administration working with their Chinese counterparts to keep them from lessening the blow of their newly announced financial sanctions?

White House Press Secretary Jen Psaki insisted China was not capable of countering the sum of allied sanctions. All the same, she said Biden was “certainly open” to a conversation with Chinese leader Xi Jinping. Then, for the second time this week, the White House spokeswoman appealed to the better nature of the Chinese communist regime: “This is really a moment for China, for any country, to think about what side of history they want to stand on.”

Across town just hours earlier, Biden’s senior China advisor Laura Rosenberg was publicly criticizing China for its “egregious human rights abuses” against ethnic minorities, a condemnation more in line with how the White House normally views Beijing’s morality.

Thus, it was no surprise when Chinese Foreign Ministry spokesperson Hua Chunying blamed the United States for Russia’s invasion of Ukraine (she objected to the word “invasion”) by “sending weapons to Ukraine” and generally “creating fear and panic.” During the recently concluded Winter Olympics, Vladimir Putin was the rare head of state who traveled to Beijing to watch the games in person amidst widespread diplomatic boycotts over Chinese treatment of Uyghur Muslims. He met with Xi. They released a joint statement saying they “strongly support each other.”

This week marks the 50th anniversary of Richard Nixon’s visit to China, a dramatic presidential trip that normalized relations with the country as part of a larger effort to neutralize Soviet influence in China. Today, though, the Beijing-Moscow axis is tighter than it was during Nixon’s historic visit. “Their relationship seems to be about as close as it’s ever been, going back to Stalin and Mao Zedong,” said Elbridge Colby, a deputy assistant secretary at the Defense Department during the Trump administration. “It’s a very worrisome situation.”

“It can’t be good for Russian interests for Moscow to have no choice but to look to Beijing,” Colby added, in echoing sentiments Sullivan expressed. “But Moscow seems prepared to countenance that, at least for now.”

If China comes to Russia’s economic rescue, would the United States consider inflicting some financial pain on Beijing?

“One of the things we will have to watch is the question of whether the U.S. will impose secondary sanctions on China,” said Jacob Stokes, a fellow at the Indo-Pacific Security Program of the Center for a New American Security.

The Trump administration sanctioned the Chinese military in 2018 for purchasing military hardware from Russia, a violation of sweeping American sanctions levied as punishment for the Kremlin’s meddling in the 2016 U.S. presidential election. Similar sanctions, or the threat of them, could potentially scare off the Chinese from coming to Russia’s aid. A former adviser to then Vice President Joe Biden on Asia policy, Stokes said “The play might be: Can you get China to act in a relatively constructive manner, in exchange for some restraint from the U.S. in terms of secondary sanctions?”

Although White House aides would not comment on that possibility, Biden may have subtly hinted at some kind of collateral repercussions for China. “Putin will be a pariah on the international stage,” the president said. “Any nation that countenances Russia’s naked aggression against Ukraine will be stained by association.”

The two spheres are seen as connected, even if tangentially. China may be watching how the West responds to Russian aggression in Ukraine as something of a dress rehearsal for how they might react to a Chinese invasion of neighboring Taiwan.

Biden insists America will remain resolute in its support of Ukraine, and he warned Russia Thursday that “the United States will defend every inch of NATO territory with the full force of American power.”

Not everyone believes this is the right emphasis.

“He’s got his priorities reversed,” said Colby.

“We have strong interests in Europe, and we need to have a clear and credible strategy for building up NATO’s defenses, but Asia must be our clear first priority because it’s the world’s decisive theater.”

Balancing U.S. interest around the globe is certainly complex. It is also a simple question of resources. “The problem is that we don’t have enough of the key military assets for both a big fight with the Russians and a big fight with the Chinese in even roughly concurrent timeframes,” Colby said. “We thus have to prioritize, and China in Asia has to be the priority. We have to make sure we can.”

But when asked about twin threats from China and Russia, Defense Department spokesman John Kirby replied that the military can handle both theaters concurrently. “I think the gist of your question is, why can’t we walk and chew gum at the same time,” he told reporters in January. “We can, and we are.”

The White House, for the moment, does not want to publicly discuss potential diplomatic moves with China, other than to ask that regime to ponder what side of history they’d like to come down on.

Tyler Durden
Fri, 02/25/2022 – 23:40

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Printing Money: How Celebrity Book Deals Measure Up

Printing Money: How Celebrity Book Deals Measure Up

Three months after Britney Spears’ 13-year conservatorship was terminated by a Los Angeles County Superior Court in November, the 40-year-old singer has signed a lucrative book deal with publishing house Simon & Schuster.

The deal for a tell-all memoir, first reported by Page Six, is said to be worth at least $15 million, making it one of the largest celebrity book deals ever. In the past, Spears has repeatedly hinted at the explosive stories she could share about her family, with which she has fallen out over the infamous conservatorship.

As the following chart by Statista’s Felix Richter shows, Britney’s deal pales in comparison to the $65 million deal the Obamas signed in 2017, but it matches Bill Clinton’s $15 million advance for “My Life”, while narrowly beating Hillary Clinton, who netted $14 million for “Hard Choices” in 2014.

Infographic: Printing Money: How Celebrity Book Deals Measure Up | Statista

You will find more infographics at Statista

Spot the odd one out!

Tyler Durden
Fri, 02/25/2022 – 23:20

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Anti-War Protests Break Out In Russian Cities As Many Shocked At Scale Of Ukraine Invasion

Anti-War Protests Break Out In Russian Cities As Many Shocked At Scale Of Ukraine Invasion

Authored by Dave DeCamp via AntiWar.com,

As Russian missiles rained down on Ukraine, thousands of demonstrators took to the streets in cities across Russia to protest their government’s offensive on Thursday, and many were detained by police.

According to the Russian rights monitoring group OVD-Info, at least 1,758 people were detained at antiwar protests in 55 Russian cities. Of that number, 967 were arrested in Moscow, and 431 were detained in Saint Petersburg.

In Moscow, protesters gathered at Pushkinskaya Square, in the center of the city. Demonstrators carried signs with antiwar slogans that read: “Stop the war”, “Ukraine is not our enemy,”, “No one needs this war.”

According to RT, the Moscow police said they “temporarily detained” 600 people. OVD-Info published a list on its website of the names of the people that have been arrested in each city.

Infographic: Where Russian Anti-War Protesters Have Been Detained | Statista

You will find more infographics at Statista

And according to Fox News, individuals in some prominent political families have spoken out, as the large-scale scope of the war has become unpopular among some segments of society: 

Even the daughter of oligarch and Chelsea F.C. owner Roman Abramovich has spoken out, posting on Instagram that “The biggest and most successful lie of Kremlin’s propaganda is that most Russians stand with Putin.” Kremlin spokesman Dmitry Peskov’s daughter also posted “No to war” on Instagram.

Some prominent Russians have spoken out against President Vladimir Putin’s decision to attack Ukraine, including journalists and other public figures. Yelena Kovalskaya, the director of a state-funded theater in Moscow, quit her job and wrote on Facebook that it’s “impossible to work for a killer and get paid by him.”

Tyler Durden
Fri, 02/25/2022 – 23:00

via ZeroHedge News https://ift.tt/txfHwsN Tyler Durden

Meta Dissolves Team Of “Hundreds” Of Employees Working On An In-House AR/VR Operating System

Meta Dissolves Team Of “Hundreds” Of Employees Working On An In-House AR/VR Operating System

We’re not quite sure Meta understands the whole point of pivoting into the “metaverse” business means.

That’s because the artist formerly known as Facebook has officially dissolved its team developing a new augmented reality and virtual reality operating system, according to a report from The Information on Friday. 

There were more than 300 employees formerly working on the project, three people with knowledge of the situation said. Its intentions were to vertically integrate all of the necessities Meta would use to forge forward in the world of AR/VR. 

The company had been working on an operating system that it was developing from scratch, called XROS, that would have been used in its VR headsets and the company’s forthcoming AR glasses, the report said. 

The Information had previously reported that the project “had been underway for several years” and that the project’s disbanding “marked a setback for the company’s attempt to own the underlying software behind its Oculus VR headset and future augmented or mixed reality devices”.

Meta claimed back in January that it did not plan on stopping work on developing operating systems internally. But if there was any remaining doubt, the disbanding of the team working on XROS seems to formally mark the end of Meta’s internal efforts – at least for the time being.  

Currently, Meta uses an open-source version of Android to help power its Oculus Quest VR devices. And it looks like, for now, the company may still be reliant on Google’s operating system. 

Going forward, Meta plans to continue to modify an open source version of Android that Google originally developed for smartphones. This modified OS is referred to internally at Meta as VROS.

Tyler Durden
Fri, 02/25/2022 – 22:40

via ZeroHedge News https://ift.tt/c2En4GJ Tyler Durden