Oil Surges To 2023 High As Saudi Exports Plunge To Lowest In Two Years Ahead Of Aramco $50BN Share Offering

Oil Surges To 2023 High As Saudi Exports Plunge To Lowest In Two Years Ahead Of Aramco $50BN Share Offering

Yesterday we reported that the price of oil jumped to the second highest level of 2023 amid plunging US inventories…

… and news that Russia had agreed to further oil export cuts.

Today, West Texas Intermediate extended its gain, surging another $2 to $85.55 and hitting the highest level of 2023  – just in time for headline inflation to surge again – amid a barrage of favorable news including the latest drip-drop of Chinese micro stimuli, all of which are useless in isolation yet which guarantee that Beijing will have to pull out a bazooka, but more importantly, that observed crude shipments from Saudi Arabia plunged in August, with flows to most major destinations slumping to multiyear lows as the kingdom limits output.

According to Bloomberg which parsed tanker-tracking data, total exports were about 5.6mm b/d in August, the lowest observed since March 2021, and compared with a revised 6.3mm b/d in July.

For comparison, Vortexa data show Saudi crude exports last month at 5.58m b/d; Kpler estimates flows of 5.22m b/d.

The move should not be a surprise: when Saudi Arabia and its partners in the OPEC+ group met in Vienna in early June, the kingdom said it would make an additional unilateral production cut of 1m b/d in July; the reduction was subsequently extended to August and September. And it is now finally flowing through.

Some more details on the supply crunch:

  • Exports to primary destination China fell to the lowest since June 2020
  • Based on current vessel destinations, shipments to both Japan and South Korea declined to the lowest since Bloomberg began tracking Saudi exports at the start of 2017
  • Cargoes to the US and Egypt — the latter home to a storage hub and transit point for flows westward — also plunged to the lowest observed levels in Bloomberg tracking
  • Observed exports to India edged higher

Key crude flows to selected destinations from Saudi Arabia (’000s of b/d):

Translation: Saudi Arabia is quietly squeezing global supply and is about to sent oil back to triple digits; it already started by issuing big price increases for its crude to Europe and the Mediterranean in August, while also unexpectedly lifting the cost of supplies to Asia. The kingdom further raised almost all prices for September to Asia and Europe.

Why is Saudi Arabia chosing price over volume? Simple: earlier today the WSJ reported that Saudi Aramco, the world’s largest oil company, is considering the world’s largest offering.

According to Saudi officials and “other people familiar with the plan,” Saudi Aramco is considering selling off as much as $50 billion in shares. If The Kingdom goes through with the share sale, it would be the largest share sale in history.

The share sales will be hosted on the Riyadh exchange, Tadawul. That decision was reached after a series of advisor consultations that spanned months, in order to insulate Aramco from possible legal challenges that could arise from listing on a foreign exchange.

A few of the sources suggested that The Kingdom could host the sale before the end of the year, although the final decision about the offering has not yet been made.

This isn’t the first time the oil giant has made plans to offer shares on an exchange, only to renege later, or at least downsize its offering from ambitious plans. Saudi Arabia’s Crown Prince Mohammed bin Salman (MbS) staked his reputation on a huge IPO of Aramco years ago, including a possible share sale on the NYSE—but valuation skepticism and risks associated with 9/11 terror atttacks, the Justice Against Sponsors of Terrorism Act, and Saudi Arabia’s reluctance to be transparent about Aramco’s production, exports, reserves, capacity, and the like prevented Saudi Arabia’s national oil company from following through with such a big offering, opting to list on the Tadwul only on December 11, 2019, when 1.5% of Aramco’s value began trading on the exchange. While shy of the 5% promised by MbS, the sale was still huge, generating $25.6 billion for the Kingdom and setting a record.

Of course, if MbS hopes to float a whopping $50 billion, he will only do it if the price of oil is high enough…

… think triple digits. Which will come just in time for the Fed to reel in shock as the reality of the second coming of the Arthuer Burns Fed makes its grand appearance.

Tyler Durden
Fri, 09/01/2023 – 14:05

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Russia Puts Its Longest Range Nuke-Capable Missile On Combat Duty, Nicknamed ‘Satan II’

Russia Puts Its Longest Range Nuke-Capable Missile On Combat Duty, Nicknamed ‘Satan II’

Russia has on Friday announced its Sarmat ICBMs are on “combat duty”. RIA has quoted the head of the country’s space agency Roscosmos, Yuri Borisov, to confirm: “the Sarmat strategic complex has been put on combat duty.”

The nuclear-capable Sarmat intercontinental ballistic missile system was previously touted by President Putin as being capable hitting “any target on Earth” – and is widely believed to be by far the longest-range missile in Russia’s arsenal (or in the world for that matter). It’s been nicknamed by NATO the “Satan II”. 

During a prior test, via Russian media.

The Sarmat, which is in a “superheavy” class of missiles, has a short initial boost phase which gives it better ability to elude all conventional anti-missile defense systems, given this results in a much smaller window of time to track it.

By design, its super long-range gives it the ability to reach targets thousands of missiles away in the United States or Europe.

According to its specifications, it’s by far the heaviest missile Russia possesses – at over 200 tons – and heavier than all foreign competitors

This allows it to carry around 15 warheads, up to 750kt. (The bomb US dropped on Hiroshima was 15kt.)

This would be enough to wipe out a country the size of France. It can also carry hypersonic missiles, rendering most missile defense systems ineffective.

It has reportedly been in development since 2009, and has been in testing phase for several years, some test flights of which may have failed. The Sarmat has been touted as being able to reach speeds of nearly 16,000 mph.

Last year, after a successful test, Putin described: “The new complex has the highest tactical and technical characteristics and is capable of overcoming all modern means of anti-missile defense. It has no analogues in the world and won’t have for a long time to come.”

Via Tass

“This truly unique weapon will strengthen the combat potential of our armed forces, reliably ensure Russia’s security from external threats and provide food for thought for those who, in the heat of frenzied aggressive rhetoric, try to threaten our country,” Putin added at the time.

Without doubt, the timing of Friday’s announcement is also meant to spook Western leaders, as nuclear rhetoric related to the Ukraine war continues to rise, particularly in the context of Moscow having recently positioned tactical nuclear weapons on Belarusian territory.

Tyler Durden
Fri, 09/01/2023 – 13:45

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Wild Mobs Of Young People Totally Out Of Control

Wild Mobs Of Young People Totally Out Of Control

Authored by Michael Snyder via The End of The American Dream blog,

If young people are the future of this country, we are in really big trouble.  We are supposed to be a civilized society, but now we are facing an entire generation of young Americans that is completely out of control.  Violent crime is surging all over the nation, theft will cost U.S. retailers more than 100 billion dollars this year alone, and at this moment we are dealing with the worst drug crisis in the entire history of the United States.  Needless to say, all of these problems are primarily being fueled by Americans under the age of 30.  These young people have been raised in a society that has largely rejected traditional values, and now we are reaping the consequences.

At this point, things are so bad that even the news crews that are reporting on the rising crime in our major cities are getting robbed themselves.  Here is the latest example

A Univision Chicago TV crew was reporting on a string of armed robberies across the city of Chicago early Monday morning when three men wearing ski masks robbed the crew at gunpoint.

The Chicago Tribune reported that the victims, a reporter and a photographer who have not been named, were filming a segment for the Spanish-language TV station near the 1200 block of North Milwaukee Avenue in the city’s West Town.

“They were approached with guns and robbed,” said Luis Godinez, vice president of news at Univision Chicago. “Mainly it was personal items, and they took a camera.”

A “Robin Hood mentality” is spreading among so many of our young people.

They see nothing wrong with “taking from the rich”, because they figure that most rich people exploited the poor to get their wealth in the first place.

Of course there are many others that don’t see any need to justify their crimes at all.

At this point, vast hordes of young people are completely and utterly lawless in many of our major cities, and that is forcing large numbers of businesses to move out of our core urban areas.

Earlier today, I came across a story about a very popular restaurant in downtown San Francisco that has decided to throw in the towel because crime has “made running a small business nearly impossible”

Gracias Madre, a popular vegan eatery in San Francisco’s Mission District, closed its doors this week after more than a decade due to the city’s deteriorating conditions.

“Our mission was always to honor the mothers who give so much to serve, care for and live in hope for their families, especially those of Mexico. It has been an honor to work on behalf of their generosity and sacrifice all these years,” a note posted outside the restaurant – and on the web – read in part.

“The condition of life in San Francisco has deteriorated and made running a small business nearly impossible,” the note continued.

Sadly, a lot of this crime is being generated by the worst drug crisis in U.S. history.

Year after year, the number of overdose deaths just continues to grow, and we have reached a stage where even our schools are being absolutely flooded with fentanyl

“[Fentanyl’s] infiltration into schools is certainly something that cannot be ignored,” says Alberto Carvalho, the superintendent of the Los Angeles Unified School District. LAUSD is one of the largest districts to stock naloxone, a medicine that reverses opioid overdoses, throughout its schools.

“We cannot close our eyes. We cannot look the other way,” he says.

Fentanyl was involved in the vast majority of all teen overdose deaths – 84% – in 2021, and the problem has been growing. According to the Centers for Disease Control and Prevention, fentanyl-related adolescent overdose deaths nearly tripled from 2019 to 2021. And nearly a quarter of those deaths involved counterfeit pills that weren’t prescribed by a doctor.

No matter what our politicians try, they can’t seem to stop the momentum of this crisis.

Why is that?

If you go to downtown Philadelphia right now, you can see hordes of homeless addicts literally staggering around like zombies.

We have become world famous for the nightmarish conditions in our core urban areas, and even when they are “cleaned up” it is only just temporary.

The addicts and the open air drug markets always return.

Meanwhile, seeing flash mobs systematically loot major retail stores has become a regular occurrence all over the nation.

In one recent incident in Los Angeles, one flash mob actually used a bird call to communicate during a robbery…

A flash mob of masked thieves were caught on video using a bird call during a recent smash-and-grab at a Macy’s store in Southern California.

Nine masked males struck the store at the Westfield Fashion Square in the Sherman Oaks neighborhood of Los Angeles just after 12:30 p.m. Thursday, KABC-TV reported.

The suspects are seen on video filling bags with stolen merchandise as bystanders look on in shock.

In one video recorded by a witness, a suspect can be heard making a bird call before someone yells, “Let’s go!” The suspects then run out of the store with bags full of stolen items.

Organized retail crime has become a massive nationwide problem over the past few years, and it is only going to get worse.

Outbursts of extreme violence have also become increasingly common.

Last Sunday, approximately a thousand young people descended upon the Del Amo Fashion Center in southern California, and an enormous brawl erupted

Police from multiple agencies swarmed the Del Amo Fashion Center on Sunday afternoon after a brawl among juveniles, with possible gunfire, drew a massive crowd of underage onlookers.

Around 4 p.m., Torrance police received a call reporting “a large crowd of juveniles fighting among themselves” at the Carson Street shopping mall, said Torrance Police Sgt. Ron Salary.

It’s unclear exactly how many people were fighting, but police estimate there were a thousand juveniles watching.

On that same day, “200 to 250 young people” gathered at the Bay Street Mall in the city of Emeryville, and that resulted in a very large brawl as well…

Police also reported a large brawl among juveniles in the Bay Area city of Emeryville on Sunday afternoon.

Around 4:30 p.m., according to the Emeryville Police Department, about 50 young people caused a disturbance inside a store at the Bay Street Mall and had to be escorted out.

About an hour later, police said, 200 to 250 young people gathered at the mall, and several fights broke out near the courtyard. A gun was fired near Bay Street and Ohlone Way, though no one was reported hurt. Near Elm Street, a juvenile was stabbed, and was taken to the hospital with non-life-threatening wounds.

What is it about California that makes these kids go so crazy?

It is often said that “as California goes, so goes the nation”.

And if we stay on the path that we are on, it won’t be too long before all of our major cities descend into chaos.

If we had raised our children differently, we wouldn’t be in the mess that we are in today.

But now it is too late.

These kids have become young people that are totally out of control, and we are all going to suffer the consequences.

*  *  *

Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

Tyler Durden
Fri, 09/01/2023 – 13:25

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FIRE on the School Restricting “Dont Tread on Me” and Firearms Policy Coalition Patches

From FIRE’s letter sent yesterday to the Superintendent of Harrison School District Two in Colorado; I generally trust FIRE’s factual accounts in such matters, and I think its legal analysis here is spot on:

The Foundation for Individual Rights and Expression (FIRE), a nonpartisan nonprofit dedicated to defending freedom of speech, is concerned by The Vanguard School’s removal of student Jaiden Rodriguez from class for displaying Gadsden flag and Firearms Policy Coalition patches on his backpack. As over fifty years of Supreme Court precedent makes clear, the First Amendment protects Jaiden’s silent, non-disruptive expression of his views at school. FIRE calls on Harrison School District Two and The Vanguard School to confirm they will permit Jaiden to attend school with the patches on his backpack without facing discipline or removal, and for the district to revise its unconstitutionally overbroad dress code.

The Vanguard School Removes Jaiden from Class for Displaying Gadsden Flag and Firearms Policy Coalition Patches on His Backpack

Jaiden Rodriguez is a seventh-grade student enrolled at The Vanguard School, a tuition-free public charter school within Harrison School District Two. {The narrative in this letter reflects our understanding of the pertinent facts, but we appreciate you may have more information and invite you to share it with us.} For two years, Jaiden has displayed various patches on his backpack without incident, including one depicting the Gadsden flag, which shows a coiled rattlesnake above the words “DONT TREAD ON ME.” {The flag traditionally lacks an apostrophe in the word “don’t.” [Now that’s a reason for banning it! -EV]} The flag was designed during the Revolutionary War and symbolized the American colonies’ united resistance against the British monarchy.

Jaiden has also long displayed a Firearms Policy Coalition (“FPC”) patch, which includes an image of a rifle. FPC is a nonprofit organization whose “efforts are focused on the right to keep and bear arms and adjacent issues including freedom of speech, due process, unlawful searches and seizures, separation of powers, asset forfeitures, privacy, encryption, and limited government.”

Earlier this month, one of Jaiden’s teachers complained about some of his patches to the administration, including patches that featured Pac-Man characters holding guns. Jaiden removed the Pac-Man patches, but kept the FPC patch and a parody version of the Gadsden flag patch, which reads “DONT TELL ON ME.” When Jaiden returned to school, the administration pulled him out of class. In a meeting with Jaiden and his mother, Eden Hope Rodriguez, administrators said Jaiden also needed to remove the parody Gadsden flag patch and the FPC patch.

On August 21, Vanguard School Director of Operations Jeff Yocum emailed Ms. Rodriguez a link to the Harrison School District Two dress code, which prohibits clothing, patches, and other paraphernalia that “[r]efer to drugs, tobacco, alcohol, or weapons.” Two days later, Mr. Yocum emailed Ms. Rodriguez a list of patches Jaiden could continue to put on his backpack—which excluded the Gadsden flag and FPC patches—along with a mandate that “[a]ll other patches contain symbols or images that can be deemed disruptive or potentially disruptive to the classroom environment.”

Jaiden replaced the “DONT TELL ON ME” patch with a regular Gadsden flag patch reading “DONT TREAD ON ME” and kept the FPC patch on his backpack. On August 25, Executive Director Renee Henslee emailed Ms. Rodriguez that the school had again “noticed that Jaiden had two patches on his backpack that are not acceptable under HSD2’s Dress Code Policy.” She warned that if Jaiden returned to school on Monday with any unacceptable patches, he would be sent to the front office until they were removed. When Ms. Rodriguez replied to ask which patches the school considered unacceptable, Ms. Henslee identified the Gadsden flag and FPC patches. Jaiden removed only the FPC patch.

On Monday, August 28, Jaiden returned to school and the administration again pulled him out of class for having the Gadsden flag on his backpack. In a meeting with Jaiden and Ms. Rodriguez, a Vanguard School administrator told them Jaiden could not display the Gadsden flag patch because of its “origins with slavery and slave trade.” Jaiden’s mother explained that the flag has its origins in the American Revolution, and Jaiden noted that students regularly wear other patches without getting in trouble. In turn, Mr. Yocum emailed Ms. Rodriguez later that day to expand on the school’s rationale for banning display of the Gadsden flag by providing links to an Equal Employment Opportunity Commission complaint concerning the flag and stories describing its alleged connection to “hate groups.” [This apparently was a pointer to my Washington Post blog post on an EEOC decision. -EV]

On August 29, Connor Boyack, president of the think tank Libertas Institute, posted video on X (formerly Twitter) of the previous day’s meeting, and various news outlets reported on the story. That same day, in a message to students’ families, The Vanguard School Board of Directors recounted events and claimed that the board and District had “informed the student’s family that he may attend school with the Gadsden flag patch visible on his backpack.” However, Ms. Rodriguez has informed FIRE that the only communication she received was from Harrison School District Two Assistant Superintendent Mike Claudio, who told her Jaiden could continue to display the Gadsden flag patch only so long as no staff member or student complained about it. Jaiden also is still not allowed to display the FPC patch on his backpack under any circumstances.

The First Amendment Protects Students’ Silent, Non-Disruptive Display of Patches on Their Backpacks

It is well-established that public school students do not shed their First Amendment rights at the schoolhouse gate. As the Supreme Court recently reaffirmed, “America’s public schools are the nurseries of democracy.” They accordingly maintain an interest in protecting students’ freedom to express themselves, especially when that expression is unpopular. Under these principles, The Vanguard School may not prohibit Jaiden from displaying his Gadsden flag and FPC patches or condition his right to display any patch on the absence of complaints from staff and students.

While public school administrators may restrict student speech in limited situations for certain limited purposes, they “do not possess absolute authority over their students …. In the absence of a specific showing of constitutionally valid reasons to regulate their speech, students are entitled to freedom of expression of their views.” The Vanguard School justified its prohibitions on Jaiden’s Gadsden flag and FPC patches on asserted grounds that they are “disruptive or potentially disruptive to the classroom environment.” But the school cannot

satisfy the relevant constitutional standard for banning disruptive speech to justify its actions here.

The Supreme Court established that standard in Tinker v. Des Moines Independent Community School District, holding the First Amendment protected public school students’ right to wear black armbands to school to protest the Vietnam War. The Court made clear that school officials cannot restrict student speech based on speculative, “undifferentiated fear” that it will cause disruption or feelings of unpleasantness or discomfort among the student body. Rather, Tinker requires evidence of a threat that would “materially and substantially disrupt the work and discipline of the school.” As the Court wrote:

Any word spoken, in class, in the lunchroom, or on the campus, that deviates from the views of another person may start an argument or cause a disturbance. But our Constitution says we must take this risk, and our history says that it is this sort of hazardous freedom—this kind of openness—that is the basis of our national strength and of the independence and vigor of Americans who grow up and live in this relatively permissive, often disputatious, society.

The United States Court of Appeals for the Tenth Circuit—whose decisions bind Colorado’s school districts—has likewise made clear that any forecast of substantial disruption must rest on a “concrete threat” of substantial disruption. One or even several complaints about a student’s expression does not equate to substantial disruption. As the Tenth Circuit explained, “Tinker rejected the idea that a ‘silent, passive’ expression that merely provokes discussion in the hallway constitutes such a threat, particularly if that expression is political.” More recently, in C1.G v. Siegfried, the Tenth Circuit held that four emails from parents, an in-school discussion, and news reports about a student’s Snapchat post fell short of “Tinker‘s demanding standard” for substantial disruption.

As The Vanguard School Board of Directors appears to acknowledge, Jaiden’s Gadsden flag patch is constitutionally protected expression. This is true regardless of whether some dislike the flag—an enduring symbol of the American Revolution—because it has been utilized by certain disfavored groups. That fact alone does not take it outside the First Amendment’s protection, any more than an unpopular group’s decision to fly the American flag would justify prohibiting the American flag in public schools. Absent more, a speaker’s actual or perceived viewpoint can never be grounds for censorship. Viewpoint discrimination is an “egregious” form of censorship, and the “government must abstain from regulating speech when the specific motivating ideology or the opinion or perspective of the speaker is the rationale for the restriction.”

Nor can The Vanguard School condition Jaiden keeping the Gadsden flag patch on his backpack on the absence of student or staff complaints. Without more, a single complaint about a student’s speech cannot constitute substantial disruption. The First Amendment does not allow the “heckler’s veto” as envisioned by the district’s assistant superintendent, where anybody can suppress a student’s speech or viewpoint simply by objecting to it.

Jaiden’s display of an FPC patch is likewise constitutionally protected. The district’s policy prohibiting any reference to drugs, tobacco, alcohol, or weapons is unconstitutionally overbroad, as becomes obvious with a few examples. Under the policy, students cannot wear D.A.R.E. shirts or Everytown for Gun Safety pins. The policy goes far beyond prohibiting expression that promotes illegal activity or that would substantially disrupt the school environment.

This explains why federal appellate courts have rejected public school efforts to ban clothing depicting guns, drugs, or alcohol absent evidence the clothing did or would cause substantial disruption. {See, e.g., N.J. v. Sonnabend (7th Cir. 2022) (public school student’s T-shirt bearing logo of gun rights group, which included image of handgun, was “materially indistinguishable from the black armbands in Tinker“); Guiles v. Marineau (2d Cir. 2006) (First Amendment protected public school student’s right to wear at school T-shirt featuring images of President Bush, drugs, and alcohol); Newsom v. Albemarle Cnty. Sch. Bd. (4th Cir. 2003) (dress code prohibiting any messages relating to weapons violated First Amendment).}

For example, in Newsom v. Albemarle County School Board, the U.S. Court of Appeals for the Fourth Circuit preliminarily enjoined a public school dress code prohibiting any messages that relate to weapons, observing that it excluded “a broad range and scope of symbols, images, and political messages that are entirely legitimate and even laudatory.” The Fourth Circuit emphasized the complete lack of evidence that even clothing expressing nonviolent and nonthreatening messages related to weapons “ever caused a commotion or was going to cause one” at the school. “Banning support for or affiliation with the myriad of organizations and institutions that include weapons (displayed in a nonviolent and nonthreatening manner) in their insignia,” the court wrote, “can hardly be deemed reasonably related to the maintenance of a safe or distraction-free school.”

Jaiden’s FPC patch expresses a political message in support of Second Amendment rights. Speech on “public issues occupies the highest rung of the hierarchy of First Amendment values, and is entitled to special protection.” The patch does not endorse unlawful activity or convey any threat, there is no evidence it has caused actual (or anticipated) substantial disruption of the school environment, nor is the mere fact that it depicts a firearm concrete evidence it will. As a federal appellate court said of a student’s T-shirt with the logo of a gun rights group that included an image of a handgun, Jaiden’s patch is “materially indistinguishable from the black armbands in Tinker” in expressing a “political opinion, just like the armbands expressed the students’ opposition to the Vietnam War.”

Conclusion

FIRE calls on The Vanguard School to immediately and publicly confirm it will allow Jaiden Rodriguez to display on his backpack at school his Gadsden flag and Firearms Policy Coalition patches—and any others that cause no substantial disruption—without facing punishment or removal, regardless of whether students or staff complain. We further call on Harrison School District Two to revise its dress code to eliminate the categorical ban on references to drugs, tobacco, alcohol, or weapons. In doing so, the school and district will reaffirm to students and staff that “vigilant protection of constitutional freedoms is nowhere more vital than in the community of American schools.”

Note: I have consulted both for FIRE and for FPC before, but I haven’t been at all involved in this case.

The post FIRE on the School Restricting "Dont Tread on Me" and Firearms Policy Coalition Patches appeared first on Reason.com.

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US Getting “Money’s Worth” In Ukraine Because American Troops Aren’t Dying: Sen Blumenthal

US Getting “Money’s Worth” In Ukraine Because American Troops Aren’t Dying: Sen Blumenthal

Democrat Senator Richard Blumenthal is just back from a trip to the Ukrainian capital where he met with President Zelensky, and he’s seeking to assure a hesitant American public that their taxpayer money is being well-spent because Russia is taking losses yet without costing American lives.

He said in an op-ed for the Connecticut Post that we are getting our “money’s worth” in Ukraine given that not “a single American service woman” has been been lost.

Via Sen. Richard Blumenthal’s office

“Even Americans who have no particular interest in freedom and independence in democracies worldwide, should be satisfied that we’re getting our money’s worth on our Ukraine investment,” Blumenthal wrote.

“For less than 3 percent of our nation’s military budget, we’ve enabled Ukraine to degrade Russia’s military strength by halfAll without a single American service woman or man injured or lost,” he added.

Of course, this is the very definition of a proxy war on display, despite the reluctance of hawks like Blumenthal to actually call it that. In fact, they reject the term, ironically enough.

Sen. Blumenthal used the trip, and the op-ed, to further rally the war-weary US public, describing Zelensky as having “magnetic energy” despite the brutal war. The lawmaker from Connecticut wrote of Ukraine’s leader: 

His magnetic energy was as impressive as ever when I recently met with him alongside my colleagues, U.S.  Sen. Lindsey Graham and U.S. Sen. Elizabeth Warren, during my fourth visit to Ukraine.

And then argued that Zelensky’s is somehow fighting in America’s interest: 

It will be a challenge, but it begins, and maybe ends, with a clear-eyed recognition that our own national security and self-interest are at stake. If Putin wins in Ukraine, he’ll roll forward against other nations — NATO allies that we have a treaty obligation to defend with troops on the ground. Ukraine is at the tip of the spear, fighting our fight for independence and freedom.

Recently, on the other side of the Congressional aisle, Sen. Mitt Romney Utah also called the conflict “the best national defense spending I think we’ve ever done.”

“We’re losing no lives in Ukraine, and the Ukrainians are fighting heroically against Russia,” Romney said. “We’re diminishing and devastating the Russian military for a very small amount of money … a weakened Russia is a good thing.”

But to get the public behind them, these Congressional hawks are forced to paint an overly optimistic (and false) picture of how the counteroffensive is actually going.

Russian state media has taken note of the Democrat senator’s words…

“As Zelensky is frank and forthcoming to say, Ukraine could not have survived without America and our allies,” Blumenthal said further in his op-ed. “But his counteroffensive is far from an assured success. In the end, the only way he loses is if America pulls the plug.”

Or rather, we might say “pulling the plug” on massive US defense aid could be the quickest path toward getting both sides to the negotiating table. 

Tyler Durden
Fri, 09/01/2023 – 13:05

via ZeroHedge News https://ift.tt/9MNlD6g Tyler Durden

“You Don’t Listen To The Press… I’m Telling You”: WaPo Columnist Bump Strikes Out At Those Questioning Prior False Claims

“You Don’t Listen To The Press… I’m Telling You”: WaPo Columnist Bump Strikes Out At Those Questioning Prior False Claims

Authored by Jonathan Turley,

recently wrote how the Washington Post issued a statement that declared that the newspaper was “standing by” columnist Philip Bump on his proven false claims on subjects ranging from Lafayette Park to Russian collusion. Bump’s prior claims have not only been conclusively shown to be false but other major media outlets have now rejected those claims. However, the Post claimed this week that they are in fact true in response to one of my earlier columns.

Now, Miranda Devine at the New York Post has written about a meltdown by Bump in a podcast interview with Noam Dworman, owner of New York’s own Comedy Cellar.

Dworman, a Democrat, had asked Bump to explain some of his claims and Bump offered one of the most vivid examples of the new media and it is chilling.

After declaring that “I’m gonna lose my mind,” he stormed out of the interview after refusing to address the contradictions and dubious claims in his prior columns.

Dworman’s podcast interview stands as one of the most revealing and vivid examples of how the media has changed in the age of rage.  Bump moves quickly from the conversational to crazed when simply asked about the basis for his claims in the Washington Post.

Dworman was asking about the mounting evidence and contradictions in the Biden corruption scandal. Some of us have said that there is evidence of obvious corruption and influence peddling, but more investigation is needed to establish any basis for impeachment or criminal charges involving President Biden.  Bump, however, will have none of it. The Post writer (who demanded investigations of a wide array of Republicans on false stories with little evidence) is vehement that there is nothing to see here . . . and the public just has to take his word for it.

Dworman remains polite and pushes Bump to simply engage him in explaining some of the countervailing evidence.

Bump responds “I just I’m gonna lose my mind. I’m gonna lose my mind.”

As the interview shuts down, Dworman asks “is there nothing we can talk about … half the country believes this stuff.”

Bump: “I know, because half the country doesn’t actually dig into the issues.”

Dworman: “Here’s your chance to disabuse people. They don’t read the Washington Post.”

Bump will have nothing of it as Dworman continues to try to get him to explain his controversial writings: “There’s just no point, because all you want to do is you want to have me here as the putative expert so that you can present me with things that have been debunked multiple times that I’ve written about.”

Dworman: “What’s been debunked?”

Bump: “These, these claims. I’ve written about this, this argument about his dad calling him. I’ve written about this. Did you read what I wrote?”

Dworman: “It’s not debunked. Neither of us were there.”

Bump: “Well, I debunked it in the standpoint that I’ve already addressed this and presented the counterarguments to it.”

Of course, Bump has been repeatedly shown to have pushed false claims and then refused to admit to his errors. Moreover, he has repeatedly been criticized for not honestly presenting the counterarguments.

Dworman makes another valiant effort: “I have two issues here. One is Joe Biden’s behavior and one is the issue of the press. The press actually bothers me more than Joe Biden.”

Bump, however, has all but left the building: “Because you don’t listen to the press. I’m sitting here and I’m telling you, you’re wrong about these things, and you don’t listen, and you continue to insist upon things that are, you know, parsing of language. And it’s just, it’s this is why I keep saying it’s silly.” He then says that he is leaving.

Dworman responded “Well, it’s a shame because this is a good conversation.”

Bump: “It’s not a good conversation, because you refuse to listen to what I’m saying to you. You asked me on to present evidence. I keep telling you.”

However, what he “keeps telling” Dworman and the public is to just accept his conclusions and not question his support and analysis.

Bump then walks out with a statement that captures perfectly the new media. He first attacks independent journalist Matt Taibbi and says that he has “an agenda.”

Dworman delivers a haymaker in response and states “You have no agenda.”

That is when Bump delivers his exit line that foreshadowed the Post statement on my column:

“I do have an agenda … My agenda is to do my best to try and present accurate information to the public. And I have an institution behind me to hold me to account when I don’t do that, which I think is an important consideration.”

Indeed, the Post would then stand entirely behind Bump and claim that all of his false statements were true.  Even when other media have acknowledged that these claims were false, the Post insists that they remain true. Thus, the Post is now saying that the following are true despite findings by inspector generals and special counsels to the contrary: (1) Bill Barr did order the clearing of Lafayette Park for the Trump photo op, (2) Barr also lied when he denied the use of tear gas by federal personnel in Lafayette Park, (3) there was never any spying on the Trump campaign by the FBI, (4) Hunter Biden’s laptop was seeded with Russian disinformation, and (5) the Clinton campaign was not behind false Russian collusion claims. It is all now deemed true by the Post. It appears that, if “Democracy dies in darkness,” journalism more often dies in the light of day.

After all, the problem is not that they are false but that people just “don’t listen to the press. I’m sitting here and I’m telling you, you’re wrong about these things, and you don’t listen.”

Tyler Durden
Fri, 09/01/2023 – 12:45

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Time To Name The Clients: JPMorgan Flagged Over $1 Billion In Suspicious Epstein Transfers

Time To Name The Clients: JPMorgan Flagged Over $1 Billion In Suspicious Epstein Transfers

JPMorgan flagged over $1 billion in suspicious transactions linked to deceased pedophile Jeffrey Epstein, which the bank reported to the US government, the US Virgin Islands has claimed in its lawsuit against the bank.

JPMorgan was a full-service bank for Jeffrey Epstein’s sex trafficking,” said Mimi Liu, an attorney for the USVI, which says the enormous sum bolsters key allegations in their legal action against the bank, which they say knowingly benefited from Epstein’s wrongdoing, Bloomberg reports, noting that this is the first time in the case that the ‘sheer volume of Epstein’s financial activity at JPMorgan over a 16-year period has been disclosed.’

The suspicious activity was detailed in a 2019 filing to the US Department of Treasury, a USVI attorney told a federal court in Manhattan on Thursday. The filing was made after Epstein died in a Manhattan jail cell a month after his arrest on sex trafficking charges. Epstein had been with the bank from the late 1990s through 2013, when they finally cut ties with him.

 Epstein notoriously trafficked some of his victims to a private island in the USVI.

JPMorgan denies that it let Epstein’s activities slide, and says it reported around 150 cash transactions to a federal regulator between 2002 and 2013.

Last month, the USVI told the judge in the case that the bank facilitated over $1.1 million in payments from Jeffrey Epstein to “girls or women,” many of whom had Eastern European surnames.

Over $320,000 of the payments were made to “numerous individuals for whom JPMorgan had no previously identified payments,” Singer wrote, accusing the bank of failing to disclose the payments until after the end of discovery – the period in which parties in a lawsuit exchange evidence.

The bank claims that’s irrelevant, because the USVI doesn’t have legal standing to claim JPMorgan obstructed a trafficking investigation because it wasn’t a victim.

That said, Liu is urging the judge in the case to decide various claims in the USVI’s favor without a trial.

“The only reason that JPMorgan after 16 years reported the $1 billion in suspicious transactions was because he was arrested and then he was dead,” she said.

JPMorgan claims they had no idea what Epstein was up to – pointing to depositions from current and former employees who say they had no knowledge of the trafficking.

“There is hotly disputed testimony and evidence,” said Feliia Ellsworth, an attorney for the bank.

The USVI is seeking at least $190 million from JPMorgan.

The case is USVI v. JPMorgan Chase Bank, 22-cv-10904-UA, US District Court, Southern District of New York (Manhattan).

Tyler Durden
Fri, 09/01/2023 – 12:25

via ZeroHedge News https://ift.tt/Gb02YWQ Tyler Durden

Press Secretary’s Lies Immediately Exposed After Claim Biden “Has Done More To Secure The Border Than Anybody Else”

Press Secretary’s Lies Immediately Exposed After Claim Biden “Has Done More To Secure The Border Than Anybody Else”

Authored by Steve Watson via Summit News,

Biden Press Secretary Karine Jean-Pierre was immediately exposed as a liar as she claimed Thursday that Joe Biden “has done more to secure the border to deal with this issue of immigration than anybody else.”

“He really has,” Jean-Pierre declared, further claiming that “June saw the single largest month-to-month drop in unlawful border crossings because of the policies this president put in place.”

“And mind you, he has been doing this on his own,” she further stated, adding “We need Republicans to do this but they keep turning it into a political stunt.”

She further claimed that Biden has “expanded the pathway to citizenship” for illegal immigrants.

A reporter straight away pointed out that what Jean-Pierre was saying was complete BS, and that the administration has not done anything of the sort.

In addition, why is she touting June’s numbers when both July and August’s numbers have been released and show that encounters have skyrocketed again?

June saw 144,566 border southwest border encounters, down from 206,701 in May. This number is already back up, with 183,503 encounters being recorded in July, according to US Customs and Border Patrol data.

Jean-Pierre also claimed Wednesday that the Biden administration is “stopping the flow” of illegal immigrants at the border, despite the fact that the barriers are literally welded open at the moment and encounters are at all time highs:

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Tyler Durden
Fri, 09/01/2023 – 12:05

via ZeroHedge News https://ift.tt/E5VtONh Tyler Durden

That School Is Still Treading on Jaiden Rodriguez’s Free Speech Rights


Still from a video capturing Jaiden, a 12-year-old boy who attends the Vanguard School in Colorado Springs, Colorado, who was removed from school over his Gadsen flag patch | Screenshot via Connor Boyack / X

The case of 12-year-old Jaiden Rodriguez is not quite closed. While the Vanguard School’s board of directors has declared that he may sport a “don’t tread on me” patch on his backpack, a closer look at the school district’s policies suggests that administrators are still inclined to tread all over Rodriguez’s free speech rights.

That’s according to the Foundation for Individual Rights and Expression (FIRE), a First Amendment advocacy organization. FIRE spoke with Jaiden’s mother, who said that contrary to the board’s public statement, a district official—Mike Claudio, assistant superintendent of Harrison School District Two in Colorado Springs, Colorado—told her that her son would only be allowed to display the Gadsden flag patch as long as no one else complained about it.

Moreover, Rodriguez is still prohibited from displaying a secondary patch that references the Firearms Policy Coalition and expresses support for the Second Amendment. The justification for this restriction is the district’s categorical ban on content having to do with alcohol, drugs, tobacco, and weapons.

In a letter to the district, FIRE’s Aaron Terr explained that these policies violate the First Amendment.

The patch does not endorse unlawful activity or convey any threat, there is no evidence it has caused actual (or anticipated) substantial disruption of the school environment, nor is the mere fact that it depicts a firearm concrete evidence it will,” wrote Terr.

If consistently applied, the district’s overly broad policy would restrict speech that is obviously permissible.

Under the policy, students cannot wear D.A.R.E. shirts or Everytown for Gun Safety pins,” wrote Terr. “The policy goes far beyond prohibiting expression that promotes illegal activity or that would substantially disrupt the school environment.”

Nor can the district permit such patches up until the point at which someone complains about them. This would be an example of the heckler’s veto; for obvious reasons, speech does not suddenly lose First Amendment protection just because someone objects to it.

The district did not immediately respond to a request for comment. This situation requires swift clarification: School officials must recognize that they may not tread on the free speech rights of any students.

The post That School Is Still Treading on Jaiden Rodriguez's Free Speech Rights appeared first on Reason.com.

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Alabama Says Helping With Out-of-State Abortions Is ‘Criminal Conspiracy’


Alabama AG Steve Marshall | @AGSteveMarshall/Twitter

Alabama’s attorney general is insisting that he has the right to prosecute people who help pregnant women obtain out-of-state abortions. In a court filing earlier this week, Steve Marshall said such actions amount to criminal conspiracy.

Marshall’s filing comes as part of a case involving the Yellowhammer Fund, a nonprofit that bills itself as an “abortion advocacy and reproductive justice organization.” The group and two women’s health centers—the West Alabama Women’s Center and the
Alabama Women’s Center—sued Marshall in July over the attorney general’s suggestion he could go after groups that help pregnant Alabamans get out-of-state abortions.

Marshall first made this suggestion last summer on a local talk radio program, The Jeff Poor Show. “If someone was promoting themselves out as a funder of abortion out of state, then that is potentially criminally actionable for us,” Marshall said, according to the Yellowhammer Fund’s complaint. “And so, one thing we will do in working with local law enforcement and prosecutors is making sure that we fully implement this law.”

“There is nothing about that law that restricts any individual from driving across state lines” and seeking an abortion, Marshall continued. But an “entity or a group that is using funds…to facilitate” out-of-state abortion travel “is something we are going to look at closely.”

Marshall “specifically referenced the accessory liability and conspiracy provisions of Alabama law as the basis for prosecuting abortion funds,” according to the Yellowhammer Fund complaint. And Marshall reportedly made similar comments at a Federalist Society meeting last summer. He stated “that Alabama law has a criminal conspiracy statute that could apply to attempts to procure an abortion out of state,” according to Matt Clark, former president of the Alabama Center for Law and Liberty.

“By invoking these provisions to punish lawful activities, [Marshall] seeks to forbid the act of helping pregnant people obtain safe and lawful abortion care and chill constitutionally protected activities,” the Yellowhammer Fund argued.

“The consequences of the threatened prosecutions are significant, even if a threatened prosecution would ultimately be unsuccessful,” it added, noting that it is “not operating an abortion fund today because it fears Alabama’s anti-abortion attorney general will target the organization.”

This week, Marshall asked the court to dismiss the lawsuit. The Yellowhammer Fund is “mistaken” in arguing that they “have a right to conspire with others in Alabama to try to have abortions performed out of state,” Marshall’s complaint asserted. “An elective abortion performed in Alabama would be a criminal offense; thus, a conspiracy formed in the State to have that same act performed outside the State is illegal.”

“The conspiracy is what is being punished, even if the final conduct never occurs,” stated Marshall. “That conduct is Alabama-based and is within Alabama’s power to prohibit.”

Marshall’s motion makes clear that it’s an array of activity that he considers criminal conspiracy, not just providing funds for someone in Alabama to obtain an out-of-state abortion. He mentions speech related to procuring out-of-state abortions, saying it “receives no constitutional protection,” and argues that “the right to travel…does not
grant Plaintiffs the right to carry out a criminal conspiracy simply because they
propose to do so by purchasing bus passes or driving cars.”

Marshall has asked the U.S. District Court for the Middle District of Alabama to dismiss the Yellowhammer Fund’s complaint.

A federal court recently rebuffed Idaho Attorney General Raúl Labrador for asserting that the state’s abortion law gave him the power to prosecute doctors who referred women out of state to terminate their pregnancies. In early August, the U.S. District Court for the District of Idaho granted a preliminary injunction against Labrador enforcing the state’s abortion law in that manner.

It seems unlikely that Marshall will fare any better by arguing that state conspiracy law gives him the right to do so.

Many legal scholars—and Supreme Court Justice Brett Kavanaugh, among others—are fairly certain that states can’t constitutionally ban people from traveling out of state for abortions themselves. Among other issues, it runs up against right-to-travel precedents set by the Supreme Court, and against the Dormant Commerce Clause.

“Abortion would count as an economic activity for Dormant Commerce Clause purposes,” noted Damon Root last year. “This means that a state barrier which interferes with the ability of a state resident to take advantage of another state’s economic activity (abortion) via interstate travel would be constitutionally deficient under the Dormant Commerce Clause.”

This could also be relevant when it comes to helping others travel out of state.

And prosecuting people for referring others out of state for abortions or counseling them on how to get them definitely runs into First Amendment issues.

Can states prohibit paying for out-of-state abortions? A February decision in Fund Texas Choice v. Paxton may be instructive. “Charitable fundraising to support illegal conduct is likely to be constitutionally unprotected,” lawyer Eugene Volokh wrote about the decision. “But here the court concluded that the fundraising was aimed at supporting legal conduct (since out-of-state abortions aren’t legally forbidden by Texas law), and the Court has indeed treated fundraising for legal causes as constitutionally protected.”

The post Alabama Says Helping With Out-of-State Abortions Is 'Criminal Conspiracy' appeared first on Reason.com.

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