Tuesday, June 23, 2020

A Siberian town near the Arctic Circle just recorded a 100-degree temperature

One of the coldest towns on Earth clocks a potentially record-breaking — and worrying — temperature.


the average heat across Russia between January and May actually matches what current models project to be normal for the region in 2100, if carbon emissions continue.


By Zeeshan Aleem@ZeeshanAleem Jun 21, 2020,
A past summer thaw in Verkhoyansk, a Siberian town in Russia. The town normally has an average high of 68 degrees in June but recorded a temp of 100.4 degrees on Saturday. Dean Conger/Corbis/Getty Images

A small town in Siberia reached a temperature of 100.4 degrees Fahrenheit on Saturday, which, if verified, would mark the hottest temperature ever recorded north of the Arctic Circle.

Temperatures have jumped in recent months to levels rarely seen in the Russian region, and it’s a sign of a broader trend of human-caused climate change that’s transforming weather patterns in the Arctic Circle.

The town of Verkhoyansk is one of the coldest towns on Earth — temperatures dropped to nearly 60 degrees below zero there this past November — and the average June high temperature is 68 degrees.

The 100.4 reading in Verkhoyansk, which sits farther north than Fairbanks, Alaska, would be the northernmost 100-degree reading ever observed.

The Washington Post reports that while there are questions about the accuracy of the record temperature, a Saturday weather balloon launch that found unusually high temperatures in the lower atmosphere supports the reading. And on Sunday, the town reached 95.3 degrees, according to the Post.

CBS News meteorologist and climate specialist Jeff Berardelli wrote on Saturday that 100-degree temperatures in or near the Arctic are “almost unheard of.”

Before Saturday, Siberia was already experiencing an extraordinary heat wave. Surface temperatures in Siberia were 18 degrees higher than average in May, making it the hottest May in the region since record-keeping began in 1979, according to the Copernicus Climate Change Service.
Another Eastern Siberian town, Yakutsk, during a January cold snap. Winter temperatures in the region near the Arctic can reach far below zero. Yevgeny Sofroneyev/TASS/Getty Images
“It is undoubtedly an alarming sign, but not only May was unusually warm in this region,” said Freja Vamborg, a senior scientist at the Copernicus Climate Change Service, in a statement about the finding. “The whole of winter and spring had repeated periods of higher-than-average surface air temperatures.”

Climate scientist Martin Stendel said on Twitter that the temperatures recorded in northwestern Siberia last month would be a 1-in-100,000-year event — if not for climate change.


Berardelli said the average heat across Russia between January and May actually matches what current models project to be normal for the region in 2100, if carbon emissions continue.“Due to heat trapping greenhouse gases that result from the burning of fossil fuels and feedback loops, the Arctic is warming at more than two times the average rate of the globe,” he explained in his analysis of the Verkhoyansk reading. “This phenomenon is known as Arctic Amplification, which is leading to the decline of sea ice, and in some cases snow cover, due to rapidly warming temperatures.”

He noted that if the climate continues to heat up, extreme heat waves will become more of the norm.
Yale Astronomers Questioned Systemic Racism Because They Hired One Black Employee 35 Years Ago, 
AS OFFICE STAFF Emails Show

“Deeply entrenched systemic racism exists in every sector of our society, including at Yale and in this department,” a group of undergraduates wrote in response.

Stephanie M. LeeBuzzFeed News Reporter
Last updated on June 16, 2020

Checkmate24 / Wikimedia
Steinbach Hall on Yale's campus, which is home to the astronomy department.

Last Wednesday, as thousands of researchers across the world stopped work to protest racism in science, Yale astronomy professors expressed doubts that “deeply entrenched systemic racism” existed in their department — by pointing to their hiring of a single Black employee in 1985.

“We haven’t seen many Ella Greenes,” wrote Richard Larson, a professor emeritus, in an email to the astronomy department on the day of the strike, referring to the administrative employee whom he said was its first, and so far only, Black office staffer. “But Ella was an ambitious and self-made person, and she didn’t receive and didn’t need any special help for black people.”

In the email exchange, which was obtained by BuzzFeed News, Larson also questioned a colleague’s assertion that systemic racism existed in the department. “Whatever you want to say about ‘deeply entrenched systemic racism,’” he wrote, “Ella was not defeated by it.”

Students and researchers condemned these remarks in response, saying that the hiring of one Black person does not cancel out the department’s historic lack of racial diversity, and that the racist emails were indicative of how Black people are systematically excluded from science.

“If people of color do not feel comfortable in the department (and the current state of representation indicates they do not), it is due to our lack of trying,” a group of undergraduates wrote to the email chain.

Another professor emeritus, William van Altena, argued that the department’s lack of Black students and faculty members was due to the fact that those scholars had less interest in the physical sciences compared to the social sciences — “not due to inherent racism in our Department.”

In 2014, Jedidah Isler became the first Black woman to receive a PhD from Yale’s astronomy department. Now an assistant professor of astrophysics at Dartmouth, Isler told BuzzFeed News that the emails from the Yale professors were “infuriating but not at all surprising,” because “structural and interpersonal racism runs rampant at Yale.”

Xama SeƱal UNSJ / Via youtube.com
William van Altena

“The fact that senior members of the department feel comfortable making such intellectually dishonest and violent comments about Black people given the historical practices — at Yale — is itself a demonstration of structural oppression,” Isler said by email.

The chair of the Yale astronomy department, Sarbani Basu, declined to comment on any of the emails cited in this story and did not address the concerns raised by Isler.

“The listening session you mentioned in your inquiry was a private event organized by students and faculty. It served as one of multiple forums in which students, postdoctoral associates, faculty and staff are expressing their viewpoints on this important issue,” Basu said through a spokesperson. “We take these conversations seriously and will use their feedback to help inform and enlighten our ongoing work to increase diversity in the sciences.”

The heated discussion has roiled the prestigious department at a time when academia, along with virtually every other institution in American life, is scrutinizing its role in perpetuating discrimination against and exclusion of Black people.

The recent police killings of George Floyd, Breonna Taylor, and other Black Americans have galvanized weeks of protests against police brutality and racism in all 50 states, triggered a flood of funding and support for the Black Lives Matter movement, resulted in teardowns of Confederacy leader statues, and prompted the resignations of corporate executives with histories of racist behavior.

During last Wednesday’s “Strike for Black Lives,” thousands of scientists stopped research to protest anti-Black racism, come up with ways to address inequalities within their departments, and fill social media with hashtags like #ShutDownSTEM and #ShutDownAcademia. And hundreds of Black scientists used the hashtag #BlackInTheIvory to describe the racism they have faced in their careers. That afternoon, members of Yale’s astronomy department planned to take part by holding a Zoom town hall meeting to discuss racial equality.

Astronomy as a field is overwhelmingly dominated by white men, and research shows that women, especially women of color, face greater risks of gendered and racial harassment on the job. A 2018 survey of the American Astronomical Society — which includes undergraduates, graduate students, faculty members, and retired astronomers — found that 82% of members identified as white and only 2% as Black or African American. The same year, an AAS task force deemed the field’s lack of diversity “unacceptable” and “unsustainable.”

Basu, the Yale astronomy department chair, did not answer questions about how many Black graduate students have graduated from the department, or how many Black faculty and staff it has employed. Across the university, 7.7% of the student body identifies as Black or African American.

Before Yale’s town hall, Larson, the professor emeritus, took a few minutes to share a bit of history on the department mailing list. (His emails, and the others mentioned in this story, were sent to BuzzFeed News with names redacted. BuzzFeed News has confirmed several of the senders’ identities and other details.)


Larson recounted that when he was department chair in 1985, he hired a woman named Ella Greene, “the first, and so far only, black business manager (or office staffer of any kind) in the Yale Astronomy Department.”
A Yale spokesperson did not answer questions about Greene’s employment. BuzzFeed News was not able to reach Greene or a relative for comment.

“From all the information we gathered, it seemed clear to me that the most qualified candidate was Ella Greene, the only black candidate, who was then the assistant business manager of one of the bigger departments in the medical school,” Larson, who retired in 2011, continued. While he wrote that Greene’s predecessor worried “about how it would work out if there was only one black person in the department,” she “proved very capable, just as we had been told, and it all worked out fine.”

He went on: “Are there any lessons from this little story? We haven’t seen many Ella Greenes. But Ella was an ambitious and self-made person, and she didn’t receive and didn’t need any special help for black people.”
“White people need to be careful not to be patronizing toward black people,” he concluded. “Encouragement will bring far greater returns.”


Obtained by BuzzFeed News
An email from Richard Larson


Later that morning, van Altena, another professor emeritus, who retired in 2007 after 34 years in the astronomy department, chimed in to call Greene “one of our very best business managers.”

“I was never aware of any discrimination or negative feelings towards her within the Astronomy Department,” van Altena wrote. “My one regret is that despite repeated invitations for many years she never came to our Christmas parties so she must have felt some aspect of non non-acceptance [sic] but it was not due [to] our lack of trying.”

Throughout the rest of Wednesday, others in the department echoed that sentiment. An administrative employee called Greene a mentor and said she had only attended one party, perhaps due to a medical condition. And professor emeritus Pierre Demarque, who retired in 2001 and said he was on staff when Greene was hired, thanked Larson for his comments, particularly “about the lessons to draw.”

To a postdoctoral fellow, however, Larson’s portrayal was indicative of the racism in the department.

“[T]he statement that ‘we haven’t seen many Ella Greenes’ is evidence of the deeply entrenched systemic racism present in our society,” the postdoc wrote back. “It would be more productive to acknowledge that our department (and astronomy in general) remains highly non-representative of the overall population and instead focus the conversation on how those of us in positions of privilege and power can educate ourselves and do better in the future.”

Larson took offense at this suggestion.

“Whatever you want to say about ‘deeply entrenched systemic racism’, Ella was not defeated by it,” he wrote. “And I saw no evidence that it was a problem in our department or elsewhere at Yale. Yes, of course there are inequalities in our society and we all want to see them reduced. But I think you will do more good by helping and encouraging future Ella Greenes than by railing against racism and condemning people as racists.”


A graduate student then threw their support behind the postdoctoral researcher. “Systemic racism is universal in our country,” they wrote. “Although it may be true that it affects certain places more than others (but even this is debatable), it is unfortunately pervasive everywhere, even at Yale.”

That afternoon, in a cosigned letter to the department at large, a group of undergraduate students condemned the professors’ remarks as examples of “white saviorism” and “tokenism.”

“[B]oth of these phenomena can lead white people in positions of power to feel as if they have adequately addressed racism in their place of work, while the deeper foundational issues remain intact,” they wrote, stressing the importance of being anti-racist “instead of simply ‘not racist.’”

“To say that Ella ‘didn’t receive and didn’t need any special help for black people’ completely ignores the larger systemic issues that have for centuries barred non-white people from accessing the same opportunities as their white counterparts, in academia and beyond,” they continued. “We will not spend additional time proving the existence of systemic racism in America here, as we believe it should be evident to all that we still face a crisis in our country and our field and that deeply entrenched systemic racism exists in every sector of our society, including at Yale and in this department. Just because you do not personally see the effects of such inequity does not mean that it does not exist for others. To say otherwise is insulting and we encourage those who hold this opinion to spend some time reflecting on their privilege.”

“[T]he statement that ‘we haven’t seen many Ella Greenes’ is evidence of the deeply entrenched systemic racism present in our society.”


In return, Larson rejected the labels of “white saviorism” and “tokenism.”


“When I said that I didn’t see any evidence of ‘entrenched and systemic racism’ in our department, what I meant was that I did not see any behavior or hear any remarks in our department that could be called racist,” he explained.

He went on to argue that everyone is racist. “The real problem in dealing with racism is not that some particularly wicked people are racist, it’s that EVERYONE is racist, because racism is a part of human nature that is shared by every member of the species homo sapiens, regardless of skin color,” Larson wrote. And he doubled down on what he saw as the moral of his story: “Ella would have fiercely resisted any implication that she was special in any way because of membership in any group.”

That evening, after the town hall, van Altena told the email thread that he was “offended and insulted” by the undergraduates’ words. He wrote that he was “not aware of a single case of discrimination, overt or concealed, in the hiring, promotion or education of students in our department.”

Rather, van Altena said, the lack of Black people in the department “is a consequence of the lack of those individuals in the community of scholars whose interests are in the physical sciences” and “not due to inherent racism in our Department.” He went on to say that Black scholars instead gravitate “towards the Social Sciences which by their nature deal with the social context in which they find themselves.”

The undergraduate students who sent the letter, he said, should “step down from their self-appointed soap box and assumptions of superior knowledge.”

In the exchange, the undergraduates and young researchers weren’t alone in pushing back against the retired professors. At least three current faculty joined them.

“Your remarks are hurtful to our community and do not comport with a vast body of data,” one professor wrote. “In our town hall today, I learned and listened to ways in which our department has systematically failed our students of color. It is not for lack of student interest that our department has not graduated more than a single Black PhD. I am ashamed of this fact and will work to do better.”

“Yale has a sorry history when it comes to these issues,” wrote another, “and we have to begin by acknowledging that if there is to be any progress.”


Obtained by BuzzFeed News
An email from William van Altena.


The following week, Larson and van Altena issued apologies that were shared with members of the department on Monday evening. “We recognize that the tone and some of what we had written in our emails prior to the Town-Hall have caused offense and hurt,” van Altena wrote. “That was not our intention, and we offer a sincere apology for this.”

But the problem runs deeper than the emails from last week, according to people who have worked with or studied in the department.

Isler, the alumnus who is now a Dartmouth astrophysicist, said the professors’ “arguments were neither good, accurate or even creative; they reflect the banality of white supremacy embedded in the blatant lie of meritocracy.”

“The claims that Larson and van Altena make about Ms. Ella Greene and by extension about the ‘quality’ of Black people who ‘deserve’ to be at Yale Astronomy are false on biological, sociological, organizational, developmental, historical and ethical bases, to name only a few disciplines that are themselves studied on the same campus,” she said by email.

One undergraduate student of color at Yale, who is majoring in astronomy and requested anonymity, told BuzzFeed News that the email chain was “unacceptable.”

“Academia is headed by professors who are much older than the rest of the country, and that’s meant really slow demographic and cultural shifts,” the student said. “I think that if you shine a light into most astro departments, you’d see a strong history of shutting us out.”


Chanda Prescod-Weinstein, a cosmologist at the University of New Hampshire and equality activist, said that she was asked to lead a discussion about diversity during a scientific visit to Yale’s astronomy department in 2016. Later during the visit, she was told it couldn’t afford to hire any Black junior faculty members.

“While brazenly racist emails are messed up,” she said, “that department’s biggest problems around racism are not a couple of bad emails but rather are structural.” A Yale spokesperson did not answer questions about these allegations.



Obtained by BuzzFeed News
An email from Richard Larson.

Larson told BuzzFeed News that in retrospect, his comments questioning systemic racism sounded “dismissive” and that he should have “been more careful in [his] wording.”

“[C]learly for most of the students it is not enough to be not racist, you have to be vehemently anti-racist,” he said by email. “That is not my style.”

He noted that “because of recent events, the atmosphere around this subject has become so super-heated that it’s impossible to say anything without being attacked.” That climate, he said, reminds him of the year 1970. “Things have changed for the better in 50 years, but not as much as the activists of 50 years ago would have liked, and of course we still have big problems,” he wrote. “I think that the current activism is healthy and I wish it success. If you don’t see me out there marching, it doesn’t mean that I don’t support the cause.”


“Ella Greene herself would probably be mortified by all this,” Larson added. Asked whether his emails were racist, he said, “I will let people make their own judgement about whether anything is ‘racist.’”

Van Altena and Demarque declined to comment.

The department’s “climate and diversity” mission statement reads: “We embrace open communication and constructive discourse to cultivate a welcoming and collaborative community in which all voices are heard and respected. While we are working toward these goals, we are mindful of our conduct, representing our department in a thoughtful and appropriate manner within all professional settings.” A Yale spokesperson did not comment on whether the professors’ emails last week violated this mission statement.

While the undergraduate astronomy major said Larson’s and van Altena’s apologies “took far too long,” they expressed cautious optimism about the future.

They’re professors emeriti "that won’t be involved in future planning for our department, and the other faculty seem invigorated to shift the culture here,” the student said. “We have a lot of work to do this next year and beyond, but right now I’m hesitantly hopeful for what's to come.”

Azeen Ghorayshi contributed reporting to this story.

June 16, 2020

MORE ON THIS
Stephanie M. Lee · June 3, 2020
Adolfo Flores · June 12, 2020
Azeen Ghorayshi · July 10, 2017
Peter Aldhous · May 11, 2016


Stephanie M. Lee is a science reporter for BuzzFeed News and is based in San Francisco.

What U.S. police are using to corral, subdue and disperse demonstrators

Graphics by Ally J. Levine, Minami Funakoshi and Travis Hartman


PUBLISHED JUNE 5, 2020

Law enforcement officers across the United States are using a variety of weapons on protesters during demonstrations against systemic racism and police brutality. George Floyd, a 46-year-old African American man, died after a white Minneapolis police officer knelt on his neck for more than eight minutes. The fatal encounter has triggered a wave of protests across the country and around the world. Many of the events have been peaceful but some have turned violent, with scenes of arson, looting and clashes with police.

Authorities have imposed curfews on dozens of cities across the country, the most since the aftermath of the assassination of Martin Luther King Jr. in 1968.
Anti-protest weapons


Anti-protest weapons

Chemical irritants
Kinetic impact projectiles
Disorientation device
Pepper spray, tear gas canister, pepper canister and balls
Wooden and rubber bullets, sponge round and sting-ball grenade
Flashbang grenade




Chemical irritants


Kinetic impact projectiles


Disorientation device


Pepper spray, tear gas canister, pepper canister and balls


Wooden and rubber bullets, sponge round and sting-ball grenade


Flashbang grenade

Often described as non-lethal, these weapons can seriously injure, disable and even kill. Police have used them against peaceful protesters as well as members of the press during the demonstrations.
Chemical irritants

Chemical irritants include tear gas and pepper spray, which cause sensations of burning, pain and inflammation of the airways.

Public health and infectious diseases experts have opposed the use of chemical irritants such as tear gas, saying in an online petition that they could increase risk for COVID-19 by “making the respiratory tract more susceptible to infection.”

Because chemical irritants can spread widely, bystanders and individuals other than the intended targets can be exposed to the chemicals.
Tear gas

Tear gas has been widely and frequently used by police to disperse protesters. CS or CN gas are chemical compound powders that spray from canisters. They produce a burning sensation in the eyes and mouth that incapacitates.




Launcher


Canisters


Filled with tear gas, rubber rounds or plastic rounds


Tear gas canister


Minneapolis | May 29


Atlanta | June 1
Pepper spray and balls

Police have shot protesters with pepper spray both from handheld devices and projectiles. While pepper spray is chemically distinct from tear gas, it produces similar effects: burning and watering of the eyes and skin.

Police have also fired pepper balls ⁠— small projectiles containing chemical irritants. Such projectiles can contain PAVA spray, an irritant similar to pepper spray, as well as CS gas. The balls can be shot from launchers or modified paintball guns.




Pepper ball gun


Hand-held

pepper spray


Minneapolis | May 27


Louisville, Kentucky | May 29
Protester defenses

Protesters have defended themselves against chemical irritants such as tear gas in multiple ways. Sometimes they have thrown canisters back with gloved hands, used traffic cones to trap the canister and therefore the gas from spreading, and pushed the gas away from themselves with leaf blowers.
Cincinnati | June 1
Seattle | June 3
Athens, Georgia | May 27

Protesters have used umbrellas as shields and doused themselves with milk to help diffuse the burning sensations of pepper spray.
Seattle | June 3
Memphis, Tennessee | May 31


What police are shooting

Kinetic impact projectiles include rubber, plastic, wooden, and “sponger” bullets, which are shot from launchers and guns. They can be fired as single shots or in groups of multiple projectiles, and can severely bruise or penetrate the skin.

A 2017 survey published by the British Medical Journal found that injuries from such kinetic impact projectiles caused death in 2.7% of cases.
Rubber and plastic bullets

Protesters have been hit by a variety of rubber, plastic and “sponger” bullets. Reuters journalists in Minneapolis were shot by police with 40mm hard plastic projectiles during a protest in May.

Los Angeles Mayor Eric Garcetti said the city’s police department will minimize the use of rubber projectiles during peaceful protests going forward.


Projectile launcher


Atlanta | June 1  

Wooden bullets

Protesters in Columbus, Ohio reported having been shot with wooden bullets by police forces. Images online showed wooden dowel-shaped rods sliced into small, bullet-sized projectiles. The Columbus Police Department confirmed they used those devices against protesters on May 30 and said they are known as “knee knockers.”
Sting-ball grenades

Protesters have reported police using sting-ball grenades, which upon explosion spray the surrounding area with rubber pellets. In addition to the rubber balls, the grenades can contain chemical agents or explode with bright light and sound.
Protester defenses

Protesters have also protected themselves from projectiles by wearing helmets. Some have used picnic tables as improvised shields.
New York City | June 3
Louisville, Kentucky | May 29

Disorientation devices

Disorientation devices, commonly known as flashbangs or stun grenades, explode with bright light and sound in order to stun and disorient demonstrators. They can cause severe burns when fired at close range.

Constructed like a conventional grenade, they are thrown into crowds. The bright flash and the loud bang can cause temporary blindness, temporary loss of hearing and loss of balance. Parts of the device can burst and fly as shrapnel.
From outrage to reform

Many protesters and organizers have voiced the need to transform outrage over Floyd’s death into a renewed civil rights movement and to seek reforms to America’s criminal justice system.

Terrence Floyd, the brother of George Floyd, joined an outdoor memorial in Brooklyn where many in the crowd knelt in a symbol of protest and chanted, “No justice, no peace.”

He urged the crowd to continue to seek justice but to avoid violence, saying, “My brother wasn’t about that.”  

SourcesReuters; American Civil Liberties Union


Law enforcement officers take position during a protest against the death of George Floyd in Minneapolis. Photo by Reuters/Lucas Jackson

Protestors march against the death of George Floyd in New York City on June 4, 2020. Photo by Reuters/Andrew Kelly

Photo credits
Tear gas launcher photo by Reuters/Lucas Jackson; Kicking tear gas canister photo by Reuters/Dustin Chambers; Throwing tear gas canister photo by The Enquirer / Meg Vogel via USA Today Network; Traffic cone photo by Reuters/Lindsey Wasson; Leaf blower photo by Athens Banner-Herald/Joshua L. Jones via USA Today Network; Police using pepper spray photo by Reuters/Eric Miller; Police shooting pepperball gun photo by Reuters/Bryan Woolston; Umbrella photo by Reuters/Lindsey Wasson; Milk photo by The Leaf-Chronicle/Henry Taylor via USA Today Network; Projectile launcher photo by Reuters/Dustin Chambers; Helmet photo by Reuters/Eduardo Munoz; Table photo by Courier Journal/Alton Strupp via USA Today Network
Reporting by

Mimi Dwyer
Illustrations by

Wen Foo and Ally J. Levine
Editing by

Christine Chan and Lisa Shumaker




China to Canada PM: Stop 'irresponsible remarks' on spy case

The Canadian Press June 22, 2020





BEIJING — China told Prime Minister Justin Trudeau on Monday to “stop making irresponsible remarks” after he said Beijing's decision to charge two Canadians with spying was linked to his country's arrest of a Chinese tech executive.

The spying charges are “completely different” from the case of Huawei executive Meng Wanzhou, a foreign ministry spokesman said. Meng was arrested on U.S. charges connected to possible violations of trade sanctions on Iran.

Michael Kovrig and Michael Spavor were detained in what was widely seen as an attempt to Canada after Meng's December 2018 arrest in Vancouver. Charges against them were announced Friday after a Canadian judge ruled Meng's extradition case can proceed to its next stage, moving her closer to being handed over to American authorities.

Trudeau, speaking to reporters in Ottawa, said Chinese authorities “directly linked” the cases of Kovrig and Spavor with Meng. He called on Beijing to end their “arbitrary detention.”

“There is no such thing as arbitrary detention,” said the ministry spokesman, Zhao Lijian.

“China urges the relevant Canadian leader to earnestly respect the spirit of the rule of law, respect China’s judicial sovereignty and stop making irresponsible remarks," Zhao said.

U.S. Secretary of State Mike Pompeo on Monday called the charges against Kovrig and Spavor “politically motivated and completely groundless."

“The United States stands with Canada in calling on Beijing for the immediate release of the two men and rejects the use of these unjustified detentions to coerce Canada,” Pompeo said in a statement.

rudeau thanked the U.S. and other allies for speaking out against China.

“It has been obvious from the beginning that this was a political decision made by the Chinese government and we deplore it,” Trudeau said Monday. "This using of arbitrary detentions as a means to advance political gains is totally unacceptable in a world based on rules.”

Meng, the chief financial officer of Huawei Technologies Ltd. and the daughter of its founder, is accused of lying to banks in Hong Kong about Huawei’s dealings with Iran in possible violation of U.S. sanctions.

Meng’s case is a “seriously political incident” and part of U.S. efforts to “suppress Chinese high-tech enterprises and Huawei,” Zhao said. He said Canada “played the role of an accomplice.”

“We strongly urge Canada to correct its mistakes as soon as possible, immediately release Meng Wanzhou and ensure her safe return to home,” said Zhao.
Meng is living in a mansion she owns in Vancouver, where she reportedly is working on a graduate degree. Kovrig and Spavor are being held at an undisclosed location and have been denied access to lawyers or family members

China has also sentenced two other Canadians to death and suspended imports of Canadian canola.

Zhao said visits by foreign diplomats to prisoners were suspended due to the coronavirus pandemic.

The Associated Press












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Monday, June 22, 2020

PG&E Rescue Fund Bond Sale Delayed by Drop in Power Demand

 ALL CAPITALISM IS STATE CAPITALISM
NATIONALIZE PG&E, EDISON
Romy Varghese Bloomberg June 22, 2020



(Bloomberg) -- The coronavirus-related economic shutdowns have led to one arcane consequence: delaying California’s sale of $10.5 billion in bonds to finance future wildfire costs.

Power customers are using less electricity with shops and businesses closed, and that has slowed the efforts to pay down bonds sold in the last energy crisis that must be defeased before the new debt is offered.

The delay means the state can’t take advantage of the current rally in the $3.9 trillion municipal market. While investors in need of tax-havens generally seek California bonds, the market now is seeing even greater demand for such securities. Bondholders are set to receive a wall of debt payments this summer that’s expected to exceed the amount of new securities on tap.

“It’s hard to anticipate what the fall is going to look like,” said James Dearborn, director of municipal credit research at DWS. “If they were issuing bonds today, I think they would be well received.”

Last year, California Governor Gavin Newsom and state legislators agreed to establish a $21 billion fund to help utility giants including PG&E Corp. and Edison International cover future liabilities when their equipment ignites catastrophic blazes. Such exposure led to PG&E Corp.’s bankruptcy last year, and its incipient exit will allow it to tap the fund.

The fund was part of legislation needed to keep investor-owned power companies operating as wildfires increase in number and severity. An unusual California doctrine holds utilities liable for wildfires that their equipment sparks, even if they aren’t proven negligent, leaving officials worried about the reliability of power in the most-populous U.S. state.

Helping finance the fund is $10.5 billion to be raised through the sale of municipal revenue bonds. The bonds will be backed by a charge customers are already seeing on their bills from the $11.2 billion in bonds the state sold starting in 2002. That issuance reimbursed California from buying electricity for insolvent utilities hobbled by rising prices and manipulation by Enron Corp. and other companies in the deregulated market.

The catch: California officials have to wait until they can defease those bonds, of which $1.5 billion is outstanding. The amount collected by the $.005 per kilowatt hour charge depends on usage. With the state mandating residents to shelter in place at the end of March, electricity demand dropped. Since the first full week of the statewide stay-at-home order through June 7, homes, businesses and manufacturers used 3.7% less in electricity on an average weekday, according to California ISO, which manages the state’s power grid.

Originally, the bonds were to be retired around the third week of August. Due to lower than projected revenue, the estimate is now mid- to late-September, with the new bonds potentially being sold in October, according to the state treasurer’s office. It’s likely the new bonds would pay back the $2 billion in loans to the fund from the state’s general fund, said H.D. Palmer, a spokesman for Newsom’s finance department.

Contributions from the utilities make up the rest of the fund. PG&E’s share is $4.8 billion. Southern California Edison made its initial contribution to the fund of $2.4 billion in September 2019 and made the first of its 10 annual payments of $95 million in December. SDG&E made its first initial contribution of $322.5 million and its first of its ten annual payments of $12.9 million.

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Patagonia joins The North Face in Facebook ad boycott
Elizabeth Culliford Reuters June 22, 2020

 A 3D-printed Facebook logo is seen placed on a keyboard in this illustration



By Elizabeth Culliford

(Reuters) - Outdoor apparel brand Patagonia Inc will pause its ads on Facebook Inc and Facebook's photo-sharing app, Instagram, making it the latest company to join a boycott campaign organized by U.S. civil rights groups.

"We will pull all ads on Facebook and Instagram, effective immediately, through at least the end of July, pending meaningful action from the social media giant," the company said in a series of tweets on Sunday attributed to its head of marketing, Cory Bayers.

The Stop Hate for Profit campaign was started last week by several U.S. civil rights groups who said the social network was doing too little to stop hate speech on its platforms.

Patagonia, which has been politically vocal in the past, joins companies including clothing maker VF Corp's outdoor brand The North Face, Recreational Equipment Inc, or REI, and recruiting company Upwork in pausing Facebook ads. A VF Corp spokesman told Reuters other brands in its portfolio were actively discussing whether to take the same action.

"From secure elections to a global pandemic to racial justice, the stakes are too high to sit back and let the company continue to be complicit in spreading disinformation and fomenting fear and hatred," said one of Patagonia's tweets.

The campaign follows the death of George Floyd, a U.S. Black man who died in police custody, which has triggered worldwide protests against racism and police brutality. Floyd died after a Minneapolis police officer knelt on his neck for nearly nine minutes while detaining him on May 25.




Facebook's chief executive, Mark Zuckerberg, was criticized after the company, unlike Twitter Inc , decided not to take action on an inflammatory post by U.S. President Donald Trump about the protests.

"We deeply respect any brand's decision, and remain focused on the important work of removing hate speech and providing critical voting information," Carolyn Everson, vice president of Facebook's global business group, said in a statement on Monday. "Our conversations with marketers and civil rights organizations are about how, together, we can be a force for good."

Facebook is the second-largest U.S. digital ad player after Alphabet Inc's Google, according to eMarketer. Patagonia and VF Corp did not immediately respond to Reuters questions about how much they spend on Facebook advertising.

(Reporting by Elizabeth Culliford in Birmingham, England; Editing by Matthew Lewis)

'White lives matter' banner flies above Premier League stadium, outraging soccer fans

Sporting NewsJune 22, 2020


A plane carrying a "White Lives Matter" banner was seen above the Etihad during Burnley's clash with Manchester City, sparking outrage amid ongoing protests and demonstrations against racial inequality.

All Premier League players have worn "Black Lives Matter" across the back of their shirts since the return to play, with the tribute following protests that began in the U.S. following the death of George Floyd.

Those protests have sparked demonstrations all over the world, with Weston McKennie, Jadon Sancho and Marcus Thuram among those to make displays in the Bundesliga, with Marcelo headlining those in La Liga.

In the Premier League, shirts have also had a Black Lives Matter patch on their shirts in addition to a patch for the NHS to commemorate the organization's work during the coronavirus outbreak.

In addition to the shirts, players have been partaking in a moment of silence prior to kickoff, while also taking a knee on the opening whistle to show solidarity with the Black Lives Matter movement.

Shortly following the start of Tuesday's match between second-place Manchester City and 11th-place Burnley, a plane was spotted overhead carrying a banner that read "White Lives Matter Burnley."


White Lives Matter planeMore

The display came just a few minutes into the match, moments after the players on the pitch finished kneeling, and circled overhead for the first moments of the match.

There has been no confirmation who paid for the banner to be displayed, but reaction on social media saw the message immediately condemned.

A plane flying over the Etihad stating: "White Live Matter, Burnley." Absolutely pathetic.— Jonathan Smith (@jonnysmiffy) June 22, 2020

Imagine being so upset players are taking a knee to fight for other human's rights that you make a banner and rent a plane to try and say your life matters. This country is done. pic.twitter.com/T8dgSkoqwk— Elliot Hackney (@ElliotHackney) June 22, 2020

A plane has just flown over the Man City V Burnley game with a banner that says “White lives matter - Burnley.”
An absolute disgrace.
— Freddie (@FreddieBailey96) June 22, 2020

Whoever’s put that plane banner in the air has no place at Turf Moor. Backwards, disgusting, embarrassing. Get out of our club.— Amy (@amywiseman22) June 22, 2020

Indeed, Burnley released an official statement at half-time, which reads:

"Burnley Football Club strongly condemns the actions of those responsible for the aircraft and offensive banner that flew over The Etihad Stadium on Monday evening. We wish to make it clear that those responsible are not welcome at Turf Moor. This, in no way, represents what Burnley Football Club stands for and we will work fully with the authorities to identify those responsible and issue lifetime bans.

"The club has a proud record of working with all genders, religions and faiths through its award-winning Community scheme, and stands against racism of any kind. We are fully behind the Premier League’s Black Lives Matter initiative and, in line with all other Premier League games undertaken since Project Restart, our players and football staff willingly took the knee at kick-off at Manchester City.

"We apologize unreservedly to the Premier League, to Manchester City and to all those helping to promote Black Lives Matter."



Don't expect shale to rise like a 'phoenix from the ashes': Oil expert

Ines FerrĆ© Markets Reporter Yahoo Finance June 22, 2020

Don’t expect the U.S. shale industry, battered by the pandemic and an oil price war earlier this year, to move into strong growth levels any time soon, says one oil expert.

“There are those who think that shale will still rise like the Phoenix from the ashes like it has, in the previous downturns,” Vandana Hari, founder and CEO of Vanda Insights, told Yahoo Finance’s The First Trade.

“I think that shale has taken a really hard knock this time. It will be very hard for it to come back,” she added.

“It’s a very debt-dependent sector, unlike a lot of other oil and gas producers globally. And I think the investors have soured quite a bit on the shale sector; they're just not going to be ready to jump back in.” said Hari.

A study by Deloitte shows when crude futures are at $35 a barrel, about 30% of U.S. shale companies are “technically insolvent.”

The study also noted that “challenging oil market conditions could prompt the shale industry to impair or write-down the value of their assets by as much as $300 billion—with significant impairments expected in Q2 2020.”

The research indicates deep consolidation in the industry is likely to follow.
Big oil companies expected to fair better

Hari sees the major oil companies coming out strong from the pandemic.

“The oil majors generally — those with deep pockets —those who are staying on track with regards to new energies, environmentally-friendly businesses, those usually tend to do better,” said Hari

“The BPs (BP), Shells (RDS-A), Exxon Mobils (XOM) at the world, they are also able to raise a debt, even in the current circumstances,” she added.

Oil service companies which normally provide engineering, fluid hauling, surveying, and testing are not expected to fair as well.

“Services companies, really, their fate depends on how quickly upstream investment globally rebounds and really, I don't see that happening anytime soon.”

In this photo made on Thursday, March 12, 2020, workers change the equipment on the drilling platform at a Seneca Resources shale gas well drilling site in St. Mary's, Pa. (AP Photo/Keith Srakocic)


‘Shadow still lingering on the markets’

Oil prices have seen weekly gains for seven out the last eight weeks, thanks to OPEC+ cuts and renewed optimism over demand rebounding.

On Monday, Brent crude (BZ=F) futures gained +2% to settle at 43.08 a barrel. The West Texas Intermediate (CL=F) contract for August rose +1% to settle above $40 a barrel for the first time since March.

Prices could hover around current levels as COVID-19 cases resurface in some areas of the US and the world.

“There’s a shadow still lingering on the markets,” said Hari. “The emergence of the economies out of the coronavirus lockdowns have proved anything but smooth so far.”

Ines covers the U.S. stock market from the floor of the New York Exchange. Follow her on Twitter at @ines_ferre
Wirecard Fights for Survival as Billions May Not Exist

No Missing Wirecard Funds in Philippines: Central Bank

Chanyaporn Chanjaroen Bloomberg June 22, 2020


(
Bloomberg) -- Wirecard AG was left fighting for survival after acknowledging that 1.9 billion euros ($2.1 billion) that it had reported as assets probably don’t exist, deepening an accounting scandal that has rattled Germany’s financial industry.

The payments processor said it’s in discussions with creditors and considering a full-scale restructuring after pulling its financial results for fiscal 2019 and the first quarter of 2020. Previous descriptions of its business with third parties, which process transactions on Wirecard’s behalf, were “not correct.”

Even before the early Monday statement, the unfolding scandal had seen Wirecard’s shares and bonds collapse, its chief executive depart, and left the company renegotiating debt terms with its lenders. In less than a week, the fintech once hyped as the future of German finance has lost almost 90% of its market value, with the shares slumping for a third trading day on Monday.

“It’s a complete disaster we’re looking at,” said Felix Hufeld, head of BaFin, Germany’s top financial regulator, at a panel discussion Monday. “It’s a shame that something like that happened.”

Wirecard said it was in “constructive discussions” with its lending banks, including the extension of lines coming due at the end of June. It is working with investment bank Houlihan Lokey on a sustainable financing strategy. Also under consideration are cost reductions, a restructuring, and disposal or termination of business units and product segments, according to the statement.

“There is a prevailing likelihood that the bank trust account balances in the amount of 1.9 billion euros do not exist,” Wirecard said. The firm had repeatedly delayed announcing its financial statements, and last week warned that loans of as much as 2 billion euros could be terminated if its audited annual report wasn’t published by June 19.

Cracks are already appearing among Wirecard’s lenders. Bank of China Ltd. may write off most of the 80 million euros ($90 million) it’s owed and not extend its credit line, according to people familiar with the situation.

Moody’s Investors Service decided on Monday to withdraw Wirecard’s credit ratings because it “believes it has insufficient or otherwise inadequate information to support the maintenance of the ratings.” It had already cut the ratings six levels on Friday, putting it one step from the lowest tier of junk.

Read more on how Wirecard became an embarrassment for Germany

Wirecard fell as much as 50% and traded 38% lower at 12:35 p.m. in Frankfurt. The stock has lost 85% since Wednesday, the day before it revealed that the funds were missing.

Wirecard’s lenders are demanding more clarity from the company in return for the extension of almost $2 billion in financing after it breached terms on the loan, people familiar with the matter said earlier. At least 15 commercial lenders, including Commerzbank AG and ABN Amro, are in hectic negotiations about the steps to take, they said.

The missing cash “could trigger an event of default and allow creditors to withdraw lines of credit,” said Justin Tang, head of Asian research at United First Partners in Singapore.

Wirecard has an outstanding revolving credit facility of 1.75 billion euros, according to data compiled by Bloomberg. About 90% of the RCF has been drawn by the company, according to people familiar with the matter and a list detailing the facility’s participation that was seen by Bloomberg:

It’s unclear how the latest admissions will affect discussions with the banks. Most are leaning toward an extension of the repayment obligation in order to better assess the potential impact of a default on their balance sheets, one of the people said. However, a prolonged extension could be seen as delaying an insolvency, which is illegal under German law.

The scandal has prompted the resignation of Markus Braun after almost two decades as CEO. He was replaced on an interim basis by James Freis. Braun is unwinding a large portion of the shares he owns in the company, a stake he financed by borrowing against the stock’s value, Bloomberg has reported.

Read more on how Braun has to unwind pledged shares

The deepening mystery over the lost money centered on two Philippine lenders, after Wirecard said a couple of unnamed Asian banks had been unable to find accounts with the cash.

Both the Bank of the Philippine Islands and BDO Unibank Inc. said Wirecard wasn’t a client and they hadn’t seen the money. None of the missing cash entered the Philippine financial system, according to the nation’s central bank, which is conducting its own investigation.

A document purporting to show a link between Wirecard and BPI was “bogus” and may be part of an attempted fraud, the bank’s President Cezar Consing said Friday. BDO Unibank CEO Nestor Tan said it was a matter of “document fraud which was subsequently clarified by the bank as spurious.”

Wirecard is continuing to investigate the matter and can’t rule out potential effects on the financial accounts of previous years, it said in Monday’s statement.


SEE WIRECARD

https://plawiuk.blogspot.com/2020/06/wirecard-committed-elaborate-and.html

https://plawiuk.blogspot.com/2020/06/fraud-wirecard-shares-plunge-after.html


Trump Says He’s Cutting Troops in Germany Over Pipeline and NATO

A WEEK AFTER HE ANNOUNCED THE 'SURPRISE' TROOP WITHDRAWAL HE COMES UP WITH AN EXCUSE
OTHER THAN PETULANCE Mario Parker and Josh Wingrove Bloomberg June 20, 2020


(Bloomberg) -- President Donald Trump says he’s reducing the number of U.S. troops in Germany because the country doesn’t spend enough on defense and supports a pipeline project with Russia.

Trump spoke Saturday in Tulsa, Oklahoma, in the first political rally he’s held since the coronavirus pandemic swept across the U.S.

“We’re supposed to protect Germany from Russia, but Germany is paying Russia billions of dollars for energy coming from a pipeline, brand new pipeline,” Trump said. “Excuse me, how does that work?”

The U.S. has pressured Germany to abandon the Nord Stream 2 pipeline, which is owned by Russia’s Gazprom PJSC, but has conceded it likely won’t be able to block it. The company is pressing ahead with construction.

Trump had earlier recalled a dispute with German Chancellor Angela Merkel over her country’s defense spending, urging her to meet the 2% target for members of the North Atlantic Treaty Organization.

“They’re delinquent, for many years they’re delinquent,” Trump said. “They say ‘yes, we think by 2030, maybe 2032, we could get current.’ I said ‘no, Angela, Angela please, don’t say that Angela.’ It’s true.”

He referred to Merkel as a “very good negotiator” but indicated he wants her to both raise defense spending and account retroactively for shortages in previous years.

“They forget about all the money that wasn’t paid, I said what about the trillion dollars that you really owe,” he said. “So, we’re negotiating. Let’s see.”

Merkel’s defense minister, Annegret Kramp-Karrenbauer, said in November that Germany wouldn’t meet the NATO benchmark until 2031 because of a lack of military personnel.