Wednesday, October 21, 2020

A scientist has a disturbing theory for why we haven't met aliens yet
Posted  by Louis Staples in discover
UPV



Right now, you'd understand if aliens didn't want to pay Earth a visit, what with the potentially deadly Covid-19 pandemic and all.

But earlier this year, after 16 years of secrecy, the Pentagon has released footage of UFOs which has made many ask, for the zillionth time: are we really alone in the universe? Or are aliens already among us?

For years, these questions have divided scientists, sci-fi fans and conspiracy theorists. Although many explanations have been put forward for why we haven’t met aliens yet, none have been completely convincing or universally accepted.

In short, in a world where we're obsessed with discovering every little thing, this is one big question we don't really know

But two years ago, when the world seemed like a very different place, Russian physicist Alexander Berezin, from the National Research University of Electronic Technology (MIET), had a theory. He suggested that once a civilisation reaches the capabilities of spreading across the stars, it will inevitably wipe out all other civilisations.

Just what we need to hear.

The grim solution doesn’t hypothesise a necessarily evil alien race (phew!) it's more that they might not notice us and their exponential expansion across the galaxy might be more important to them than we are. Cheery indeed

He wrote in 2018:

They simply won't notice, the same way a construction crew demolishes an anthill to build real estate because they lack incentive to protect it.

So why haven't we met them yet and been obliterated?

Well, it's not all bad news, sort of. Berezin suggests that the reason humans are still here is that we are not likely to be the ants. In other words, we are the future destroyers of countless civilisations and we're just not ready yet.

Assuming the hypothesis above is correct, what does it mean for our future? The only explanation is the invocation of the anthropic principle. We are the first to arrive at the [interstellar] stage. And, most likely, will be the last to leave.

He cites colonialism and capitalism are two historical example of the forces that will eventually prompt humans to destroy other cultures.


Berezin hopes that he’s wrong and, to be honest, so do we.

So yeah, it seems like things could always be worse. If this theory is true, let's hope that aliens steer clear of us for a little (a lot) longer and that it's a very, very, very long time before we consider becomes the aliens who destroy other places.

HT: IFLScience


Iceland PM shook by an earthquake in a live interview responds in the best possible way
Posted  by Isobel van Hagen 

Getty

The prime minister of Iceland appeared shaken, literally, when she was interrupted by an earthquake during a live interview.

Katrin Jakobsdottir was discussing the impact of coronavirus on tourism with the Washington Post when the room she was in started to visibly shake. While she initially appeared startled, she managed to brush it aside and finish answering the question

"Oh my god, there's an earthquake," she said with her eyes widening. "Sorry, there was an earthquake right now. Wow."

But Jakobsdottir then started laughing, saying: "Well, this is Iceland!" before continuing her response to the question

"Yes I'm perfectly fine, the house is still strong, so no worries," she added.

She later posted on Twitter about the interview: “Spoke with @IgnatiusPost about Covid-19 and how we are dealing with the situation here in Iceland. We also spoke about the heart and soul of the Icelandic people. And then we had an earthquake. I hope everyone is feeling good and steady.”

Jakobsdottir, 44, has been Iceland's Prime Minister since 2017.

The 5.6 magnitude earthquake struck on Tuesday afternoon near Krysuvik, about 35km south of the capital, Reykjavik, according to The Icelandic Meteorological Office.

While earthquakes are quite common on the volcanic island country, the tremble led to reports of damage around the capital and also briefly interrupted a parliamentary session in the capital.


Þetta var stærsti skjálfti sem ég hef upplifað (reyndar misst af allnokkrum).
Image



“The was the biggest earthquake I have ever experienced,” Finance Minister Bjarni Benediktsson wrote on Twitter, next to a picture of a fallen ceiling tile.

People on social media seemed taken with Jakobsdottir calm control of the situation saying, “you handled it like a champ” and “seriously impressive”.

As one Twitter user put it, “Never a dull moment in Iceland!”

An earthquake in Iceland briefly disrupted an interview between Washington Post foreign affairs columnist David Ignatius and Prime Minister Katrín Jakobsdóttir

Trump has a Chinese bank account and pursued China projects, analysis of his tax record reveals

Trump did not include the Chinese bank account in his public financial disclosures
File image: Analysis of Trump's tax records reveal attempts at getting business deals in China and a 'secret' bank account

Donald Trump maintains a previously undeclared Chinese bank account and has been unsuccessfully pursuing major business deals in China for more than a decade, according to a new US media report.

The president did not include the Chinese account in public financial disclosures, according to the New York Times, which has released a series of analyses of Mr Trump’s tax records since reporting that he has paid just $750 in income tax in some recent fiscal years.

According to the NYT report, the Chinese account is controlled by Trump International Hotels Management and paid $188,561 in taxes in the country from 2013 to 2015.

Tax records do not apparently shed light on the exact amounts of money involved in the deals made through this account. But it is mandatory in the US to reveal any foreign income while filing for taxes, and Trump International Hotels Management has reported only a few thousand dollars from China in recent years.

The exposé comes in the final stages of a heated battle for the 3 November presidential election.

Recently, allegations from Senate Republicans against Democrat Joe Biden have included claims that his son “opened a bank account” with a Chinese businessman, hinting that he has vested interests in China. Mr Trump has repeatedly claimed that his opponent would be “soft” on the Asian superpower.

Trump Organisation lawyer Alan Garten told the Times that Mr Trump’s company does indeed maintain a bank account in China, but refused to name the bank in question. In a statement, he said Trump International Hotels "opened an account with a Chinese bank having offices in the United States to pay the local taxes".

Garten said the company had opened the account once an office was opened in China "to explore the potential for hotel deals in Asia".

“No deals, transactions or other business activities ever materialised and, since 2015, the office has remained inactive,” Garten said.

He added: “Though the bank account remains open, it has never been used for any other purpose.”
Billionaire Trump Megadonors Behind Group That Promoted Scott Atlas as an Anti-Fauci

It's the same group that promoted hydroxychloroquine to the president in March.


PUBLISHED ON OCT 20, 2020
Donald Shaw@donnydonny
Money-in-politics reporter. Co-founder of Sludge.See more
EDITED BY DAVID MOORE

Dr. Scott Atlas, advisor to President Donald Trump delivers an update on the nations coronavirus testing strategy in the Rose Garden of the White House on September 28, 2020 in Washington, DC.TASOS KATOPODIS/GETTY IMAGES

One of the first groups to promote the anti-malarial drug hydroxychloroquine to President Trump as a treatment for COVID-19 was also an early booster of Scott Atlas, the radiologist Trump has selected as a coronavirus adviser to push back against Anthony Fauci and Deborah Birx.

The Job Creators Network (JCN), a right-wing “dark money” nonprofit founded by Trump megadonor Bernie Marcus, bought a full-page Wall Street Journal ad in May attacking Fauci and calling for a “second opinion” on whether businesses should temporarily close to limit the spread of the virus. The ad promotes the views of Atlas, prominently quoting him on his belief that businesses should reopen.

Excerpt from JCN’s full-page Wall Street Journal ad from May that promotes Scott Atlas’ views in favor of swift reopening as a “second opinion” to information communicated by National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci

Atlas was selected by Trump as a science adviser in August after the president asked his advisers to “find a new doctor who would argue an alternative point of view from Birx and Fauci, with whom the president has grown increasingly annoyed for public comments that he believes contradict his own assertions that the virus’s threat is receding,” according to the Washington Post.

Atlas, who is not an epidemiologist, has repeatedly promoted a “herd immunity” strategy based around limiting social distancing and allowing millions more people to become infected with the virus. He has also spoken out against the wearing of masks and recently had an anti-mask tweet censored because Twitter determined it to be in violation of its COVID-19 Misleading Information Policy.

Trump seems to listen to advice from JCN, which is closely tied to multiple billionaire megadonors to his campaigns and other Republican political groups. In late March, the group launched a multi-faceted campaign calling on Trump to make a then-obscure drug, hydroxychloroquine, available to treat COVID-19 patients. Trump went on to repeatedly promote the drug on Twitter and on TV for several months, despite a lack of scientific evidence that it was effective.

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The Mercer family, who were top donors to Trump’s 2016 campaign, are major donors to JCN, with their Mercer Family Foundation giving the group multiple $100,000 donations in recent years, according to an analysis of tax documents by LittleSis. Rebekah Mercer’s “Making America Great” nonprofit donated more than $1 million to JCN in 2018, according to the group’s 990 filing. Robert Mercer donated $400,000 to pro-Trump super PAC the Great America PAC in 2018, and he gave $355,200 to Trump’s joint fundraising committee earlier this year.

Home Depot co-founder Bernie Marcus is the founder of JCN. Marcus is a major GOP donor who spent more than $7 million through outside groups to help elect Trump in 2016. In the current cycle, Marcus has donated $5 million to pro-Trump super PAC the Preserve America PAC, $100,000 to American Principles Project PAC, which is running ads against Biden, and hundreds of millions more to super PACs backing Republican congressional candidates.

JCN board member Andrew Puzder, who was Trump’s nominee for labor secretary in 2017, has donated $125,000 to Trump Victory, $79,000 to the RNC, and tens of thousands more to Republican groups and candidates since 2016, according to Federal Election Commission data.

The Koch brothers-founded political nonprofit Americans for Prosperity is a partner of JCN, as is LIBRE Initiative, another Koch-backed group. Another Koch-backed group, Generation Opportunity, which is now part of Americans for Prosperity, is listed as a partner to JCN’s affiliated foundation. The Koch network of political groups has stayed mostly on the sidelines of the presidential contest this year, but Americans for Prosperity has spent $31 million this cycle to boost Republican candidates for the Senate and House.

Billionaire businessman Philip Anschutz, who has donated more than $1 million to Republican Party groups and GOP campaigns since 2016, has given JCN at least $300,000 through The Anschutz Foundation, according to tax records.

By promoting doctors who express alternative views from most epidemiological experts and miracle cures with no medical backing, JCN sows confusion around COVID in a way that could make the Trump administration’s response to the crisis look less like a clear failure. JCN’s billionaire donors stand to benefit immensely from preventing Democrats from taking over the Senate and the White House, who may attempt to roll back parts of the 2017 tax law that disproportionately benefits the ultra-rich.








Voters, Assemble!
Kamala Harris compares Trump to Thanos in a Zoom reunion with the Avengers



"He held the fate of the universe in his hand, and right now we're looking at someone who is denying science."

Dais Johnston

Marvel's movie schedule has been plunged into darkness by the coronavirus pandemic, but on October 20, the Avengers reunited to take on a villain more dangerous than Thanos: President Trump.

During a Zoom-based reunion fundraiser for the Joe Biden campaign attended by various Marvel actors, directors Joe and Antony Russo, and Senator Kamala Harris, the Vice Presidential nominee did not mince words about the country's current situation, at one point comparing Trump to the purple Avengers supervillain.

During the Biden campaign's Voters Assemble fundraiser livestream, Avengers: Endgame directors Anthony and Joe Russo introduced a whole slew of actors from the Marvel Cinematic Universe for a roundtable video chat. Chris Evans, Paul Rudd, Zoe Saldana, Scarlett Johansson, Don Cheadle, Mark Ruffalo, and (briefly) Robert Downey Jr. all joined the call, answered questions from fans, and shared their personal voting plans.

The highlight of the call, however, was when Senator and Marvel superfan Kamala Harris jumped in to explain why the concept of superheroes is so important in today's political climate.




"Let's think about the Avengers in the context of this election," she said. "There is something about the values of the Avengers that reflect the core values of who we are as Americans.

"Honor and decency matter. They matter whether you are saving the universe from Thanos or fighting for the soul of our nation." Harris also spoke on the importance of courage and working as a team in order to defend the values that they all share, and how she's seeing that in the voters "suiting up" in order to have their voice heard. "It's the true sign of patriotism, Captain America," she said, addressing Chris Evans.

"I often talk to my team about the Avengers, how everyone brings their own power and are appreciated for that, and all those superpowers come together to deal Thanos." She started laughing as she made the comparison. "I just think there is such symmetry around that in this moment. He held the fate of the universe in his hand, and right now we're looking at someone who is denying science."

It doesn't take Bruce Banner's seven PhDs to figure out who Kamala is referring to. The comparison between Trump and Thanos is not new, and in fact, was used by the President's own team in a baffling ad from the @TrumpWarRoom Twitter account late last year.


A still from the video editing Trump's head onto Thanos, declaring re-election "inevitable." Twitter.com

Aside from addressing the comparison between the "villains" we and the Avengers face, Kamala also shared fond memories of her fellow Howard University alum Chadwick Boseman and displayed an impressive show of Marvel know-how during a friendly round of Avengers trivia.

He may not be an intergalactic genocidal warlord, but if President Trump poses a threat to American values to assemble so many superheroes even just over Zoom, the assembled voice of the American people will make itself heard in two weeks.

In the words of Sen. Harris, "if the Avengers can assemble from across the galaxy, the American people can get together from wherever we are, whoever we voted for in the last election, whatever language our grandmother spoke, and come together to get our country on the right track."



‘The Daily Show With Trevor Noah’ Sheds Light On #EndSARS Movement In Nigeria, Draws Comparisons To Protests In America


By Alexandra Del Rosario
Associate Editor/Nights & Weekends DEADLINE

October 20, 2020 

As calls to abolish the anti-robbery force known as SARS grow in Nigeria, protests against law enforcement show that police brutality isn’t solely an American issue, Trevor Noah said on Tuesday. The Daily Show host used his “If You Don’t Know Now You Know” segment to educate viewers on the push for social justice in Nigeria and why #EndSARS has gained the social media support of Kanye West, Rihanna, Hillary Clinton, NeNe Leakes and more.

“This issue isn’t just unique in the U.S. Whether it’s U.S. police targeting Black Americans or Nigerian police targeting other Nigerians, police know they can abuse their power without any ramifications because the people they arrest don’t have the power to respond,” Noah said.

He joked that the Nigerian movement is a monumental one considering that “the only time Nigerians get united is if their team’s playing the World Cup or they’re shitting on other countries.” The host explained that the anti-robbery force has been targeting a range of Nigerians, mostly those who dress fancily or own luxury items.

The random and sporadic targeting, isn’t just but it also isn’t unique as police officers in America continue to racially profile and Black Americans, a number of whom become victims of police brutality or are wrongfully charged.

Noah used the segment to draw parallels between the anti-police brutality protests in American and Nigeria, and even compared how law officials and politicians has responded to the demonstrations.

“It’s amazing how around the world, ‘law and order’ seems to be code for beat the shit out of these protestors,” he said, referring to Trump’s response to the Black Lives Matter protestors.

Watch the full The Daily Show segment 



SURE LOOKS LIKE THE RIGHT’S ANTIFA BOOGEYMAN DOESN’T EXIST

Court documents show that almost none of the people arrested during protests against police brutality have any connection to left-wing radicals.



BY TARISAI NGANGURA VANITY FAIR OCTOBER 20, 2020

William Barr, U.S. attorney general, arrives for the announcement of U.S. President Donald Trump's nominee for associate justice of the U.S. Supreme Court in Washington, D.C., on Saturday, Sept. 26, 2020. Photo by Stefani Reynolds/Bloomberg via Getty Images

An exhaustive investigation by the Associated Press has revealed that of the hundreds of people arrested during the ongoing protests against police brutality, almost none have had any links to the organizing tactic known as antifa, which the president has repeatedly insisted is a concerted left-wing group. In the thousands of pages reviewed by the AP, antifa is reportedly mentioned just once: in a Boston case that says a member of the FBI Gang Task Force was investigating “suspected ANTIFA activity associated with the protests.” The majority of those arrested—on charges ranging from arson to civil disorder—have been working alone, with no links to any radical far-left organization, as both Donald Trump and Attorney General William Barr have repeatedly asserted.

As recently as during last week’s NBC town hall, Trump brought up alleged antifa violence when pressed on the proliferation of the right-wing conspiracy group QAnon. Though he claimed to “denounce white supremacy,” he quickly pivoted to asking why moderator Savannah Guthrie hadn’t mentioned “people on the left that are burning down our cities.” Since the beginning of the protests early this year, Trump has consistently targeted blue states as hubs of so-called anarchist activity, writing in a memo sent out last month that “anarchy has recently beset some of our states and cities.” He continued with a threat: “My administration will not allow federal tax dollars to fund cities that allow themselves to deteriorate into lawless zones.”

According to the AP, several of those who have been arrested “are not from the Democratic-led cities that Trump has likened to ‘war zones’ but from the suburbs the Republican president has claimed to have ‘saved.’” In late August, when protests began in Kenosha, Wisconsin, after Jacob Blake, an unarmed Black man, was shot in the back by police, Trump blamed the violence on “domestic terror” while lending support to Kyle Rittenhouse, the 17-year-old charged with the deaths of two protestors. Rittenhouse was from Illinois and had driven to Kenosha following a mass Facebook call to action by the right-wing militia group known as the Kenosha Guard.


The AP reported that, along with little mention of antifa in court documents, “more than 40% of those facing federal charges are white” and a majority are under 30; they were arrested in cities ranging from “Portland, Oregon, to Minneapolis, Boston, and New York.” FBI director Christopher Wray has labeled far-right extremists “a domestic terror threat.” Testifying in front of the House Homeland Security Committee last month, Wray said, “Within the domestic terrorism bucket, racially motivated violent extremism is, I think, the biggest bucket within that larger group.” He continued, “within the racially motivated violent extremist bucket, people subscribing to some kind of white supremacist-type ideology is certainly the biggest chunk of that.”

Even in the face of irrefutable evidence, Trump’s allies, and Barr in particular, have continued in their hunt for radical left-wing violence. In a June interview with Fox News, Barr said of antifa, “There appear to be sources of funding, and we are looking into the sources of funding.” And in an interview with Wolf Blitzer in September he doubled down on his allegations, saying, “I’ve talked to every police chief in every city where there has been major violence and they all have identified antifa as the ramrod for the violence.” A July investigation by The Intercept found that law enforcement disproportionately focused on antifa even when they knew that far-right extremists were a legitimate threat.

Most protesters arrested this year aren't urban 'Antifa,' they're young suburbanites with no ties to leftist groups, AP investigation finds

Haven Orecchio-Egresitz
Protesters stand in front of the 3rd precinct police building as it burns during a protest on May 28, 2020 in Minneapolis, Minnesota. Today marks the third day of ongoing protests after the police killing of George Floyd. Scott Olson/Getty Images

President Donald Trump has tried to link violence and destruction at this year's protests to left-wing militants, using that premise as part of a pledge to keep suburbia safe.

An AP investigation has found that many of those arrested for bad behavior at protests are from the same suburban communities the president paints as safe havens.

More than 40% of those arrested around the country on federal charges are white and more than 30% are under the age of 30

Most people who have been arrested at protests this year have no affiliation with "Antifa" — an umbrella term used to describe so-called left-wing militant groups — but are rather young suburbanites, an investigation from the Associated Press found. 

Anti-racism protests and their counter-demonstrations around the US have resulted in sparks of violence, looting, and destruction of property that President Donald Trump has largely attributed to left-wing activists. He has used the unrest to fuel a race-baiting pledge to protect suburbia, which he calls largely white.

The Associated Press, which sifted through thousands of documents, found that most of the behavior at protests that actually resulted in arrests wasn't of city-dwelling criminals, but rather young people, some of whom traveled from the same communities Trump has painted as Rockwellian safe havens for middle-class America. 

It is true that there have been arrests of men and women with anti-government views, and that some of them had carried weapons or had a criminal record, the AP found.

Some of those facing federal charges for violent behavior were members of extreme left- or right-wing chat ideologies. 

One man from suburban who was arrested, 20-year-old Brian Bartels, is a "self-described left-wing anarchist." He pleaded guilty to charges that he painted an "A" on a police cruiser before smashing its windshield, the AP reported. 

A 63-year-old man from Virginia Beach, John Malcolm Bareswill, was angry that a local Black church held a prayer vigil for George Floyd and, in a phone call riddled with racist slurs, threatened to burn it to the ground, prosecutors said, according to the AP. 

But a majority of the defendants had no ties to known militant groups, despite the president's attempts to link destruction to "antifa," the AP found

"I know about antifa, and I know about the radical left, and I know how violent they are and how vicious they are, and I know how they are burning down cities run by Democrats," Trump said at an NBC News town hall.

The only apparent mention of antifa in court documents related to protests stemmed from one Boston investigation into a someone who fired a gun at officers. Authorities called is "suspected ANTIFA" activity, but didn't claim the suspect accused of firing was a member of the group.
Anti-police protesters rally outside the Portland Police Association building on Friday, Sept. 4, 2020, in Portland, Ore. Noah Berger/AP

The AP reported more than 40% of those facing federal criminal charges related to protest activity are white, at least one-third are Black, and about 6% are Hispanic.

More than two-thirds are under the age of 30 and most are men, according to the AP. More than a quarter have been charged with arson. 

In Portland, where 93 people have been arrested on federal criminal charges related to protests, 18 aren't even from Oregon, the AP reported. 

Jim Middaugh, a spokesman for Portland Mayor Ted Wheeler, told Insider how officials are addressing protesters who venture into the city: "The way we're working to manage the situation is that we don't really care where you're from, we care about the behavior you're engaged in," Middaugh said.

"We don't care about your political ideology, we just want you to be peaceful and obey the law and if you do that, you're welcome to be in Portland. If you don't, we're going to do our best to hold you accountable."




The Real Recession Is Just Starting


Robert Barone Contributor
Great Speculations
Contributor Group
Markets



Total All Unemployment Claims UNIVERSAL VALUE ADVISORS

At month’s end, we are going to see the BLS announce a 30%+ bounce in real GDP (the Atlanta Fed’s forecast is now above 35%). Much of this is already priced into the equity market, so a positive or negative reaction will only occur if the reported number is significantly above or below the consensus view. In addition, this is old news, as Q3 will have been in the rear-view mirror for a month.

Markets worried about a change in Fed policy which tolerates higher inflation rates, and that, along with some rebound in depressed commodity prices and some food (supply related) and used car price increases caused interest rates to move up slightly in late September. Underlying inflation is non-existent, and rents, a major component of the Consumer Price Index (CPI) are falling. Furthermore, true to its word, the Fed expanded its balance sheet in mid-October to push the yield curve lower.

The best gauge of economic health is employment, and, on that front, the news is not good. New unemployment claims continue at well over +1.2 million/week; the pre-virus norm is +200K. When all claims are considered, the total is more than 25 million, a real unemployment rate in excess of 15%.

Stimulus’ Impact on Spending

On Friday (10/16), the news that retail sales rose 1.9% in September buoyed the equity markets early on after several losing sessions during the week as hopes for an immediate additional fiscal stimulus package faded. In a recent blog I explained how consumption rose in August, even as incomes fell, due to the large pool of savings resulting from the CARES Act. There was still a small amount of savings left in that pool over and above what was the pre-virus norm as measured by the St. Louis Fed. I suspect that last of those “excess” savings were spent in September, causing that unexpected rise in retail spending.

But, even with the unexpectedly good retail sales news (up 1.5% even ex-autos – used car sales are on fire as the public eschews public transit), the markets finished flattish on the day and down for the week. Despite all of the hoopla around the data releases, without the stimulus, the economy would have contracted (by at least -10% according to economist David Rosenberg). Even with the headline retail sales, the underlying economy is truly in Recession and will be there for a significant period of time. An economy not in Recession doesn’t need a Fed pumping up its balance sheet and the money supply. (The Fed added $75 billion to its balance sheet the week ended Wednesday, October 14th; no wonder rates retreated across the yield curve!) An economy not in Recession also doesn’t need another fiscal stimulus package that the Fed (Powell in particular) is begging for. While that appears to be stalled for political reasons, it likely will proceed after November 3rd.

The Interest Rate Scene

Interest rates rose over the past month triggered in part, by the Fed’s policy shift in the way inflation will impact monetary policy going forward, in part, by the FOMC minutes (Federal Open Market Committee, the rate making Fed committee), which openly worried that more fiscal stimulus was needed but would not be forthcoming in a timely manner (and subsequently Chairman Powell’s promise to Congress that the Fed would monetize any fiscal deficits (his “hand in hand” comment)), and, in part, due to the expectation that any new stimulus would arrive post-election no matter who won (but a larger stimulus if the Democrats win). Because a new stimulus would dramatically increase supply, rates began to drift up in late September/early October. True to its word, the Fed provided the loot to push rates back down over the last several market sessions.

And Inflation

There has also been some concern about the re-emergence of inflation, another factor causing the recent mild spike in interest rates. That concern was initially stoked by the change in how the Fed will target future inflation. We have seen some spikes in the prices of commodities and food. Many of the commodity spikes were simply a bounce back from large downdrafts last spring. The price spikes in food, especially meat, is largely due to supply issues as processing plants dealt with virus prevention issues. The headline PPI (Producer Price Index) for September was +0.4%. Ex-food and energy, however, it was a very meek +0.1%. So, no inflation to worry about at the manufacturing level. September’s CPI (Consumer Price Index) rose +0.2% versus August and +0.2% ex-food and energy. Year over year, CPI is up 1.37%; again not displaying any worrisome tendencies. Rent and rent equivalent calculations (related to mortgage costs) comprise more than a third of the CPI Index. Rents are now deflating, especially in densely packed urban centers, and falling mortgage rates have an impact on the mortgage calculations in the index. So, it appears that measured CPI inflation isn’t going to be a problem for quite some time, at least until after we get through the coming wave of evictions.

Unemployment, the Real Economic Indicator

To gauge the health of the economy, one needs to look no further than the state of the labor market. And, on that front, the news is not good. At the state level, Initial Claims (ICs) jumped more than +76K in the first full measurement week of October and this is without any reporting from California. (The California IC data for the week of September 26th has been used in the October 8th and October 15th data releases covering the weeks ending October 3rd and October 10th. California is due back on-line for the data release on October 22nd, covering the week ending October 17th. Likely there will be significant upward revisions. Unless California found and fettered out a significant number of fraudulent claims, the Disney and airline layoffs probably swelled their IC numbers – we will know soon!

The accompanying table and chart of state ICs shows the flat to slightly rising right-hand tail. “Normal,” i.e., pre-virus, is shown in the left-hand tail. Let’s also remember that +885K ICs are new layoffs, most of which occurred in the prior week. Yikes! In addition, ICs under the CARES Act PUA program (Pandemic Unemployment Assistance – for self-employed, independent contractors, and gig workers) added another +373K. While the PUA ICs fell -91K from the prior week’s +464K level, when the state ICs and PUA ICs are added together, the result is a mind-blowing +1.26 million ICs for the week of October 10th. That’s 6.5 months after the initial shock.

Initial Claims- State (NSA) UNIVERSAL VALUE ADVISORS

When the Continuing Claims (CCs) are added to the ICs as shown in the chart and table at the top of this blog, there remain more than 25 million unemployed. While the “official” U3 number is 7.9% for September, the “real” unemployment rate is in the 15%-20% range. The right-hand side of the chart shows that, while total unemployment is down from its 32 million peak in June, the improvement halted in September. The left-hand tail of the chart shows the much, much lower pre-virus norm.

Finally, much of the fall in CCs in the state programs appear to be an exhaustion of eligibility, not re-employment. The monthly BLS JOLTS (Job Openings and Labor Turnover Survey) report shows declining hiring and the various surveys from employment consultants show continuing significant levels of new layoffs.

Conclusions

Don’t be fooled by the retail sales data or the talk of the return of inflation;
Don’t hold your breath for or hold out cash in anticipation of rising interest rates;
The economy is in Recession; we just haven’t felt it because of the CARES Act stimulus, but, eventually we will because we have a huge, huge unemployment problem;
And then there is the oncoming eviction crisis (on hold until year’s end); there hasn’t been much discussion about this, and I wonder if it is priced into financial markets;
The CARES Act stimulus has covered up the Recession, and another stimulus, post-election, may further kick the can down the road, but free cash cannot go on forever without dire consequences;
·The Recession will persist as long as the virus persists (and we seem to be entering into a second, resurgent phase). A vaccine would help, but getting enough people to take it (providing herd immunity) and then returning to pre-virus behavior may take years, not quarters
Lisa Montgomery to be first female federal inmate executed in 67 years

Brandon Bernard also faces execution for separate killing
Attorney general Bill Barr cites ‘heinous murders’



Richard Luscombe THE GUARDIAN

 Mon 19 Oct 2020 
 
Lisa Montgomery, who strangled a Missouri woman in 2004 and stole her unborn baby, is scheduled to die by lethal injection at the US penitentiary in Terre Haute, Indiana, on 8 December. Photograph: AP

The US is set to execute a female federal inmate for the first time in 67 years, Donald Trump’s justice department has said.

Lisa Montgomery, who strangled a Missouri woman in 2004 and stole her unborn baby, is scheduled to die by lethal injection at the US penitentiary in Terre Haute, Indiana, on 8 December.

Montgomery, whose lawyers have long argued she has brain damage from beatings as a child and suffers from psychosis and other mental conditions, will become the first woman executed by the US government since Bonny Brown Heady in December 1953. Heady was convicted of kidnapping and killing the six-year-old heir of an automobile tycoon. With her boyfriend, she was executed in a gas chamber

The attorney general, William Barr, announced the decision to proceed with the execution of Montgomery, 52, in a statement that also detailed a 10 December execution date for Brandon Bernard, 40, who with two accomplices was found guilty of the murder of two church ministers in Texas in 1999.

Barr said the crimes were “especially heinous murders”. Montgomery, who sliced open the belly of Bobby Jo Stinnett and took her daughter, is the only woman among 55 federal inmates awaiting execution, according to the Death Penalty Information Center.

Under Barr, seven executions of federal prisoners have taken place since July. Before that, only three inmates had been executed since the restoration of the federal death penalty in 1998, the Oklahoma City bomber Timothy McVeigh and another in 2001, the other two years later.

In state prisons, 16 women have been executed since a 1976 supreme court decision lifted a moratorium on the death penalty across the US. The most recent was in September 2015, when Kelly Renee Gissendaner received a lethal injection in Georgia for the 1997 murder of her husband.


Kelly Gissendaner: Georgia executes first woman for 70 years despite last-minute appeals
Read more   https://www.theguardian.com/us-news/2015/sep/30/georgia-executes-kelly-gissendaner-vatican-clemency 


Montgomery’s attorney, Kelley Henry, attacked Barr’s decision as an “injustice”.

“In the grip of her mental illness, Lisa committed a terrible crime,” Henry, an assistant public defender in Nashville, Tennessee, said in a statement. “Yet she immediately expressed profound remorse and was willing to plead guilty in exchange for a life sentence with no possibility of release.

“Lisa Montgomery has long accepted full responsibility for her crime, and she will never leave prison. But her severe mental illness and the devastating impacts of her childhood trauma make executing her a profound injustice.”


Now 16, Stinnett’s daughter, Victoria Jo, was raised by her father. In 2004, Montgomery’s husband said he was unaware the baby his wife brought home was not theirs.

“I had no idea,” Kevin Montgomery said. “I sure hope [the Stinnett family] get as much support from their church and community as I have because we are all going to need it.”
As the Arctic's attractions mount, Greenland is a security black hole

By Jacob Gronholt-Pedersen

COPENHAGEN (Reuters) - On a windy August afternoon in 2017, Akitsinnguaq Ina Olsen was relaxing in the old harbour of Nuuk, Greenland’s capital, when a Chinese icebreaker sailed unannounced into the Arctic island’s territorial waters.

Danish patrol vessel P571 Ejnar Mikkelsen is seen in Sisimiut harbor, Greenland, in 2015. Picture taken in 2015. Kim Moller Petersen/Danish Armed Forces/Handout via

“I saw it by chance,” Olsen, 50, told Reuters. “My first thought was: ‘They’re already here!’ They’re pretty cheeky, those Chinese.”

She pulled out her phone and took a picture of the 167-meter long Chinese icebreaker Xue Long (Snow Dragon), before it turned around and disappeared.

The Chinese ship was one of a growing number of unexpected arrivals in Arctic waters as shrinking sea ice has fast-tracked a race among global powers for control over resources and waterways. Both China and Russia have been making increasingly assertive moves in the region, and after the U.S. Secretary of State Mike Pompeo last year said now is “America’s moment to stand up as an Arctic nation and for the Arctic’s future,” military activity is stepping up.

Greenland is a semi-autonomous part of the Kingdom of Denmark and Copenhagen runs the island’s defence through its Joint Arctic Command. On several occasions since 2006, foreign vessels have turned up unexpectedly or without the necessary protocols, in waters that NATO-member Denmark aims to defend, Greenland residents and military sources in Denmark and the United States told Reuters.

Copenhagen and its Arctic neighbours have tried in recent decades to keep the region what they call a “low tension” area. But each event underscores new challenges for Denmark and its allies.

The main problem: It’s hard to see what’s going on there.

Greenland, which U.S. President Donald Trump offered unsuccessfully to buy from Copenhagen last year, is largely an ice sheet with a rocky coastline of 44,000 km (27,000 miles) - longer than the earth’s equator. It’s hidden by almost complete darkness in the winter months.

Beneath its rocks and ice are abundant resources of minerals and rare earth metals used in equipment from smartphones to electric vehicles and military jets, as well as uranium and potentially vast resources of oil and natural gas.

Greenland offers more than resources. The island, which is nearer to New York than New York is to Los Angeles, is also a strategic window onto space.


Located at Thule, the United States’ northernmost air base houses the 21st Space Wing’s network of sensors, which provides early missile warning and space surveillance and control. Thule is one of the few places in the world with access to satellites that orbit the poles, completing coverage of the globe which is essential for weather forecasting, search-and-rescue and climate research.

“Historically the Arctic, like space, was characterised as a predominantly peaceful domain,” Secretary of the U.S. Air Force Barbara Barrett said in July when presenting America’s Arctic strategy in the transcript of a webinar hosted by the Atlantic Council think tank.

“This is changing.”

Several countries are building new icebreakers to increase freight traffic. China, which in 2018 declared itself a “near-Arctic” nation, has said it wants to build infrastructure and “participate in the governance of the Arctic.”

China has “really gone from zero to 60 in space, very quickly,” U.S. Space Force chief General John W. Raymond told the July presentation. He said China’s capabilities “threaten our access to space in the Arctic” both in Alaska and Thule.

The icebreaker that Olsen photographed in 2017, used by China’s Polar Research Institute for scientific expeditions, had been invited by a researcher in Greenland, the researcher said. But it had not, as would normally be expected, applied in advance for clearance, the head of the Joint Arctic Command Kim Jorgensen told Reuters.

Also in the area taking advantage of the short Arctic summer, a multinational search-and-rescue exercise spotted the Xue Long. Danish armed forces invited it to seek permission to enter, which was granted, Jorgensen said.

China’s foreign ministry did not comment on that incident but said in a statement it respects the sovereignty and jurisdiction of “the Arctic countries in the area” and is ready to make positive contributions to the peace, stability and sustainable development.

By this year, Western allies had increased their presence. U.S. destroyer Thomas Hudner, together with Denmark’s Joint Arctic Command, sailed for the first time into the deep fjord near Nuuk in August. In August and September, a U.S. Coast Guard cutter carried out joint exercises with Danish and French naval vessels on Greenland’s west coast. And last month, Denmark for the first time joined the United States, UK and Norway in a large-scale military exercise in the Barents Sea near Russia.

Danish Defence Minister Trine Bramsen told Reuters in a statement that Denmark wants to keep tension low in the Arctic, “but we must not be naive.” Russia is trying to limit the right to free navigation in international waters, she said; Denmark is taking steps towards strengthening the Armed Forces’ surveillance and presence there.

A spokesperson at the U.S. embassy in Copenhagen said Denmark needs to strengthen its defence in the Arctic with additional investment.

Moscow’s ambassador to Denmark, Vladimir Barbin, said talk of threats to freedom of navigation is a “made-up pretext” for naval exercises and Russia’s activities in the Arctic are peaceful. U.S. policy “accompanied by bellicose rhetoric, is creating a new reality and splitting Arctic states and could open (the) sluice gates for overspill of tension from the outside to the Arctic region,” he told Reuters in a statement.
BELOW THE RADAR

Some Arctic regions are relatively well covered by satellite and radar. But since the early 1990s, Greenland has slipped off the radar.

From 1959 to 1991 Greenland was part of the North American Aerospace Defence Command, an integrated chain of 63 radar and communication centres stretching 3,000 miles from Western Alaska across the Canadian Arctic. It had four radars operating on its ice sheet. Two were dismantled; the other two were abandoned and are now slowly sinking into the ice.

Today, to monitor its vast area, Greenland has one aircraft, four helicopters and four ships. In addition to enforcing sovereignty, they handle fishing inspection and search and rescue operations. Six sleds powered by 80 dogs patrol the remote northeastern part.

In August 2006, a local couple said they spotted a submarine while they were hunting reindeer at the remote Qassit fjord in southern Greenland, said Niels Erik Sorensen, who headed Denmark’s Arctic Command at the time. The couple told the police and made a drawing, which the military identified as a likely Russian model.

“This was the first sighting since the end of the Cold War,” said Sorensen.


The sub was mentioned in a 2016 report on Denmark’s Arctic defence, which said candidly that “there is no access to a coherent picture” of the situation in the area of responsibility for its Arctic Command. Neither the airspace nor activities below sea-level are monitored.

As there is no surveillance, it said, “it is not possible to assess whether violations of sovereignty are taking place in the air. Thus, no deliberate violations of the airspace ... have been found.”

In another part of the Arctic that year, a U.S. Coast Guard vessel accidentally discovered a joint Russian-Chinese naval exercise in Arctic waters near Kamchatka, said Paul Zukunft, who retired as Commandant of the U.S. Coast Guard in 2018.

“This is a region where we did not have any satellite coverage,” he said. “But we did have a ship up there, and they literally stumbled upon this joint naval exercise between Russia and China that otherwise would not have been known.”

Russia’s ambassador said there are no joint Russian-Chinese military-naval exercises in the Arctic Ocean. The Chinese foreign ministry did not comment.

The Danish government promised in 2019 to upgrade military spending in Greenland with a payment of 1.5 billion Danish crowns (£183.5 million) for surveillance. Denmark’s Bramsen said that was a “first step” and Copenhagen has yet to decide how to spend the money.

For now, Denmark has no satellites to monitor traffic around Greenland. In 2018, it started receiving a few satellite images a day from the European Union’s Maritime Safety Agency, but they aren’t always detailed enough for military purposes.

“Denmark will never be able to defend itself in the Arctic,” said Steen Kjaergaard, head of the Centre for Arctic Security Studies at the Royal Danish Defence College, which does research for the defence ministry.

“The government is trying to strike a balance.”


“DARK TARGETS”

That balance is becoming increasingly delicate. For years, it’s been fairly easy for foreign researchers to access the waters around Greenland and those between Greenland, Iceland and the UK, researchers and military sources say: All that’s needed is to fill in a form seeking permission.

Last year, though, Danish authorities failed to approve an application from a Swiss-led group of international researchers, the government said in response to a Freedom of Information request from Reuters. The researchers were planning to travel on a Russian icebreaker, 50 Let Pobedy (50 Years of Victory) on the first-ever circumnavigation of Greenland.

Authorities let the application expire without responding.

Two sources with knowledge of the matter said they had become suspicious that the icebreaker, used for several earlier expeditions in Greenland, could serve non-scientific purposes such as tapping information from subsea fibre cables or mapping the seabed to ease access for Russian submarines.

In 2016, a Russian vessel, Yantar, which the U.S. Navy has alleged transports submersibles that can sever and tap into cables miles beneath the ocean’s surface, anchored outside Nuuk, where a subsea communications cable lands that connects Iceland and America.

Ambassador Barbin said Russia considered the icebreaker decision an “unfortunate misunderstanding,” noting that this year Denmark agreed to another Russian icebreaker visiting Greenland and the Faroe Islands.

Even NATO allies arrive unannounced in these vast, dark waters.

Foreign ships usually report their arrival using the international Automatic Identification System ship-tracking system. When analysing satellite images, the Joint Arctic Command often identifies what it calls “dark targets” - objects that look like ships but can’t be identified on the system.

If the Danish military sends out vessels or helicopters to the target, they often find an iceberg. When the targets have turned out to be ships, these have most often been U.S. marine vessels that haven’t reported their arrival, military sources say.

The U.S. embassy didn’t comment. Denmark’s defence ministry said the allies are working to bolster information sharing.


Edited by Sara Ledwith