Wednesday, July 19, 2023

AMERIKAN FASCISM 2.0
"Authoritarianism will be on the ballot": Experts worried over Trump's "alarming" 2025 plot



Gabriella Ferrigine
SALON
Mon, July 17, 2023

Former President Donald Trump and his allies are already scheming up plans to significantly expand his presidential power if he wins back the White House next year.

The New York Times reported on Monday that Trump and his inner circle have a "broader goal: to alter the balance of power by increasing the president's authority over every part of the federal government that now operates, by either law or tradition, with any measure of independence from political interference by the White House, according to a review of his campaign policy proposals and interviews with people close to him."

This wide-ranging plan would include bringing independent agencies such as the Federal Communications Commission and the Environmental Protection Agency directly under the president, the return of "impounding" funds — a strategy banned during the Nixon administration that empowered a president to refuse to spend Congressionally-allocated money on programs they dislike — as well as the removal of employment protections for thousands of career civil servants and an intelligence agency purge of officials he holds personal vendettas against and has deemed to be "deep staters" and "the sick political class that hates our country."

"We will demolish the deep state," Trump said at a rally in Michigan. "We will expel the warmongers from our government. We will drive out the globalists. We will cast out the communists, Marxists and fascists. And we will throw off the sick political class that hates our country."

Under Trump's plan — which was drafted during his first term — independent agencies would be required to submit actions to the president for review, in an effort to consolidate such organizations "under presidential authority." The order was ultimately not enacted due to internal concerns such as how the market would react if the Federal Reserve was stripped of its independence.

"What we're trying to do is identify the pockets of independence and seize them," Russell Vought, who headed the Office of Management and Budget during Trump's administration, told the Times. Open discussion of such political strategies is rife in Trump's rallies and campaign websites, according to the report, a tactic Vought described as planting "a flag" ahead of the election.

Vought added that "at the bare minimum," the Federal Reserve should be subject to presidential review. "It's very hard to square the Fed's independence with the Constitution," he told the Times.

Former White House personnel chief John McEntee, who is credited with initiating Trump's 2020 efforts to expel officials he personally opposed, also did not mince words regarding the ex-president's scheme.

"The president's plan should be to fundamentally reorient the federal government in a way that hasn't been done since F.D.R.'s New Deal," McEntee said. "Our current executive branch was conceived of by liberals for the purpose of promulgating liberal policies. There is no way to make the existing structure function in a conservative manner. It's not enough to get the personnel right. What's necessary is a complete system overhaul."

Trump campaign spokesperson Steven Cheung observed that Trump has "laid out a bold and transparent agenda for his second term, something no other candidate has done."

"Voters will know exactly how President Trump will supercharge the economy, bring down inflation, secure the border, protect communities and eradicate the deep state that works against Americans once and for all," he added.

But former White House chief of staff John Kelly said he felt the strategy would be "chaotic" because Trump would "continually be trying to exceed his authority but the sycophants would go along with it. It would be a nonstop gunfight with the Congress and the courts."



Experts raised major concerns over Trump's "alarming" plot.

"Anyone who opposes a Presidential autocracy in America should read this closely," warned presidential historian Michael Beschloss.

"The conservatives who are pushing this should imagine for one second the panic they would express if Biden did it," tweeted national security attorney Bradley Moss.

"In 2024, authoritarianism—unchecked, unembarrassed and undisguised—will be on the ballot," wrote Bill Kristol, a longtime NeverTrump conservative and founder of The Weekly Standard.

"Be afraid. This is on the verge of happening 18 months from now," tweeted MSNBC host Mehdi Hasan. "Now ask yourself this question: are cautious, in-denial, business-as-usual establishment Dems equipped, or even willing, to address this anti-democratic, autocratic threat?"

Trump and Allies Forge Plans to Increase Presidential Power in 2025

Jonathan Swan, Charlie Savage and Maggie Haberman
Mon, July 17, 2023 



Donald Trump and his allies are planning a sweeping expansion of presidential power over the machinery of government if voters return him to the White House in 2025, reshaping the structure of the executive branch to concentrate far greater authority directly in his hands.

Their plans to centralize more power in the Oval Office stretch far beyond the former president’s recent remarks that he would order a criminal investigation into his political rival, President Joe Biden, signaling his intent to end the post-Watergate norm of Justice Department independence from White House political control.

Trump and his associates have a broader goal: to alter the balance of power by increasing the president’s authority over every part of the federal government that now operates, by either law or tradition, with any measure of independence from political interference by the White House, according to a review of his campaign policy proposals and interviews with people close to him.

Trump intends to bring independent agencies — like the Federal Communications Commission, which makes and enforces rules for television and internet companies, and the Federal Trade Commission, which enforces various antitrust and other consumer protection rules against businesses — under direct presidential control.

He wants to revive the practice of “impounding” funds, refusing to spend money Congress has appropriated for programs a president doesn’t like — a tactic that lawmakers banned under President Richard Nixon.

He intends to strip employment protections from tens of thousands of career civil servants, making it easier to replace them if they are deemed obstacles to his agenda. And he plans to scour the intelligence agencies, the State Department and the defense bureaucracies to remove officials he has vilified as “the sick political class that hates our country.”

“The president’s plan should be to fundamentally reorient the federal government in a way that hasn’t been done since FDR’s New Deal,” said John McEntee, a former White House personnel chief who began Trump’s systematic attempt to sweep out officials deemed to be disloyal in 2020 and who is now involved in mapping out the new approach.

“Our current executive branch,” McEntee added, “was conceived of by liberals for the purpose of promulgating liberal policies. There is no way to make the existing structure function in a conservative manner. It’s not enough to get the personnel right. What’s necessary is a complete system overhaul.”

Trump and his advisers are making no secret of their intentions — proclaiming them in rallies and on his campaign website, describing them in white papers and openly discussing them.

“What we’re trying to do is identify the pockets of independence and seize them,” said Russell T. Vought, who ran the Office of Management and Budget in the Trump White House and now runs a policy organization, the Center for Renewing America.

The strategy in talking openly about such “paradigm-shifting ideas” before the election, Vought said, is to “plant a flag” — both to shift the debate and to later be able to claim a mandate. He said he was delighted to see few of Trump’s Republican primary rivals defend the norm of Justice Department independence after the former president openly attacked it.

Steven Cheung, a spokesperson for Trump’s campaign, said in a statement that the former president has “laid out a bold and transparent agenda for his second term, something no other candidate has done.” He added, “Voters will know exactly how President Trump will supercharge the economy, bring down inflation, secure the border, protect communities and eradicate the deep state that works against Americans once and for all.”

The two driving forces of this effort to reshape the executive branch are Trump’s own campaign policy shop and a well-funded network of conservative groups, many of which are populated by former senior Trump administration officials who would most likely play key roles in any second term.

Vought and McEntee are involved in Project 2025, a $22 million presidential transition operation that is preparing policies, personnel lists and transition plans to recommend to any Republican who may win the 2024 election. The transition project, the scale of which is unprecedented in conservative politics, is led by the Heritage Foundation, a think tank that has shaped the personnel and policies of Republican administrations since the Reagan presidency.

That work at Heritage dovetails with plans on the Trump campaign website to expand presidential power that were drafted primarily by two of Trump’s advisers, Vincent Haley and Ross Worthington, with input from other advisers, including Stephen Miller, the architect of the former president’s hard-line immigration agenda.

Some elements of the plans had been floated when Trump was in office but were impeded by internal concerns that they would be unworkable and could lead to setbacks. And for some veterans of Trump’s turbulent White House who came to question his fitness for leadership, the prospect of removing guardrails and centralizing even greater power over government directly in his hands sounded like a recipe for mayhem.

“It would be chaotic,” said John Kelly, Trump’s second White House chief of staff. “It just simply would be chaotic, because he’d continually be trying to exceed his authority but the sycophants would go along with it. It would be a nonstop gunfight with the Congress and the courts.”

The agenda being pursued has deep roots in the decadeslong effort by conservative legal thinkers to undercut what has become known as the administrative state — agencies that enact regulations aimed at keeping the air and water clean and food, drugs and consumer products safe, but that cut into business profits.



Its legal underpinning is a maximalist version of the so-called unitary executive theory.

The legal theory rejects the idea that the government is composed of three separate branches with overlapping powers to check and balance each other. Instead, the theory’s adherents argue that Article 2 of the Constitution gives the president complete control of the executive branch, so Congress cannot empower agency heads to make decisions or restrict the president’s ability to fire them. Reagan administration lawyers developed the theory as they sought to advance a deregulatory agenda.

“The notion of independent federal agencies or federal employees who don’t answer to the president violates the very foundation of our democratic republic,” said Kevin D. Roberts, the president of the Heritage Foundation, adding that the contributors to Project 2025 are committed to “dismantling this rogue administrative state.”

Personal power has always been a driving force for Trump. He often gestures toward it in a more simplistic manner, such as in 2019, when he declared to a cheering crowd, “I have an Article 2, where I have the right to do whatever I want as president.”

Trump made the remark in reference to his claimed ability to directly fire Robert Mueller, the special counsel in the Russia inquiry, which primed his hostility toward law enforcement and intelligence agencies. He also tried to get a subordinate to have Mueller ousted, but was defied.

Early in Trump’s presidency, his chief strategist, Steve Bannon, promised a “deconstruction of the administrative state.” But Trump installed people in other key roles who ended up telling him that more radical ideas were unworkable or illegal. In the final year of his presidency, he told aides he was fed up with being constrained by subordinates.

Now, Trump is laying out a far more expansive vision of power in any second term. And, in contrast with his disorganized transition after his surprise 2016 victory, he now benefits from a well-funded policymaking infrastructure, led by former officials who did not break with him after his attempts to overturn the 2020 election and the Jan. 6, 2021, attack on the Capitol.

One idea the people around Trump have developed centers on bringing independent agencies under his thumb.

Congress created these specialized technocratic agencies inside the executive branch and delegated to them some of its power to make rules for society. But it did so on the condition that it was not simply handing off that power to presidents to wield like kings — putting commissioners atop them whom presidents appoint but generally cannot fire before their terms end, while using its control of their budgets to keep them partly accountable to lawmakers as well. (Agency actions are also subject to court review.)

Presidents of both parties have chafed at the agencies’ independence. President Franklin D. Roosevelt, whose New Deal created many of them, endorsed a proposal in 1937 to fold them all into Cabinet departments under his control, but Congress did not enact it.

Later presidents sought to impose greater control over nonindependent agencies Congress created, like the Environmental Protection Agency, which is run by an administrator whom a president can remove at will. For example, President Ronald Reagan issued executive orders requiring nonindependent agencies to submit proposed regulations to the White House for review. But overall, presidents have largely left the independent agencies alone.

Trump’s allies are preparing to change that, drafting an executive order requiring independent agencies to submit actions to the White House for review. Trump endorsed the idea on his campaign website, vowing to bring them “under presidential authority.”

Such an order was drafted in Trump’s first term — and blessed by the Justice Department — but never issued amid internal concerns. Some of the concerns were over how to carry out reviews for agencies that are headed by multiple commissioners and subject to administrative procedures and open-meetings laws, as well as over how the market would react if the order chipped away at the Federal Reserve’s independence, people familiar with the matter said.

The Federal Reserve was ultimately exempted in the draft executive order, but Trump did not sign it before his presidency ended. If Trump and his allies get another shot at power, the independence of the Federal Reserve — an institution Trump publicly railed at as president — could be up for debate. Notably, the Trump campaign website’s discussion of bringing independent agencies under presidential control is silent on whether that includes the Fed.

Asked whether presidents should be able to order interest rates lowered before elections, even if experts think that would hurt the long-term health of the economy, Vought said that would have to be worked out with Congress. But “at the bare minimum,” he said, the Federal Reserve’s regulatory functions should be subject to White House review.

“It’s very hard to square the Fed’s independence with the Constitution,” Vought said.

Other former Trump administration officials involved in the planning said there would also probably be a legal challenge to the limits on a president’s power to fire heads of independent agencies. Trump could remove an agency head, teeing up the question for the Supreme Court.

The Supreme Court in 1935 and 1988 upheld the power of Congress to shield some executive branch officials from being fired without cause. But after justices appointed by Republicans since Reagan took control, it has started to erode those precedents.

Peter L. Strauss, professor emeritus of law at Columbia University and a critic of the strong version of the unitary executive theory, argued that it is constitutional and desirable for Congress, in creating and empowering an agency to perform some task, to also include some checks on the president’s control over officials “because we don’t want autocracy” and to prevent abuses.

“The regrettable fact is that the judiciary at the moment seems inclined to recognize that the president does have this kind of authority,” he said. “They are clawing away agency independence in ways that I find quite unfortunate and disrespectful of congressional choice.”

Trump has also vowed to impound funds, or refuse to spend money appropriated by Congress. After Nixon used the practice to aggressively block agency spending he was opposed to, on water pollution control, housing construction and other issues, Congress banned the tactic.

On his campaign website, Trump declared that presidents have a constitutional right to impound funds and said he would restore the practice — though he acknowledged it could result in a legal battle.

Trump and his allies also want to transform the civil service — government employees who are supposed to be nonpartisan professionals and experts with protections against being fired for political reasons.

The former president views the civil service as a den of “deep staters” who were trying to thwart him at every turn, including by raising legal or pragmatic objections to his immigration policies, among many other examples. Toward the end of his term, his aides drafted an executive order, “Creating Schedule F in the Excepted Service,” that removed employment protections from career officials whose jobs were deemed linked to policymaking.

Trump signed the order, which became known as Schedule F, near the end of his presidency, but Biden rescinded it. Trump has vowed to immediately reinstitute it in a second term.

Critics say he could use it for a partisan purge. But James Sherk, a former Trump administration official who came up with the idea and now works at the America First Policy Institute — a think tank stocked heavily with former Trump officials — argued it would only be used against poor performers and people who actively impeded the elected president’s agenda.

“Schedule F expressly forbids hiring or firing based on political loyalty,” Sherk said. “Schedule F employees would keep their jobs if they served effectively and impartially.”

Trump himself has characterized his intentions rather differently — promising on his campaign website to “find and remove the radicals who have infiltrated the federal Department of Education” and listing a litany of targets at a rally last month.

“We will demolish the deep state,” Trump said at the rally in Michigan. “We will expel the warmongers from our government. We will drive out the globalists. We will cast out the communists, Marxists and fascists. And we will throw off the sick political class that hates our country.”

c.2023 The New York Times Company
OVERLOOKED NEWS
Exclusive-Head of engineering for Trump’s Truth Social app resigns

Helen Coster
Mon, July 17, 2023 

Illustration shows Truth social network logo and display of former U.S. President Donald Trump


NEW YORK (Reuters) - The head of engineering for the company that operates former U.S. President Donald Trump’s Truth Social app told Reuters on Monday he had resigned, in a blow for the venture.

Alex Gleason’s departure comes amid a period of prolonged uncertainty for Trump Media & Technology Group (TMTG), which launched Truth Social as a way for Trump to connect with his base after he was cut off from major social media platforms after the Jan. 6, 2021, attack on the U.S. Capitol by his followers.

Gleason is the founder of Soapbox Technology, which provides open-source technology for “decentralized” social media platforms that operate on independently-run servers and provide an alternative to Twitter and Facebook.

Gleason said in an interview that he is leaving TMTG to work on Soapbox full-time, developing technology for connecting multiple decentralized platforms.

TMTG hired Gleason in January 2022 to adapt Soapbox’s technology for its own needs, eventually using it as the front-end technology - which users see and interact with - for the Truth Social app.

A representative for TMTG did not respond to a request for comment about Gleason’s departure.

Truth Social has struggled to show strong growth in the number of users since its February 2022 launch.

Since then, Trump has been reinstated on the more widely-used platforms from which he was ousted, including Facebook and Twitter, and Truth Social’s user base has remained tiny compared to the growth targets TMTG laid out in November 2021, when it told investors the app would reach 56 million users by 2024 and 81 million by 2026.

Truth Social has an estimated 607,000 monthly users, according to data from Similarweb.

Trump had 5.71 million followers on Truth Social as of July 17, compared to the more than 88 million followers he had on Twitter when the platform suspended him.

TMTG had in October 2021 announced a deal to go public by merging with blank-check firm Digital World Acquisition Corp (DWAC) but the merger has been in doubt as investigations by the Justice Department and the U.S. securities regulator have delayed its closing.

A filing earlier this month showed that DWAC has reached an agreement with the staff of the Securities and Exchange Commission, though it was not yet definitive and the terms were subject to the SEC's approval.

(Reporting by Helen Coster, editing by Deepa Babington)
ISN'T THAT CUTE

Heatwave map 2023: Temperatures set to soar in Italy, Spain and Greece due to Charon heatwave

THE EU NAMES THEIR KILLER HEATWAVES

Stuti Mishra
Tue, July 18, 2023 at 7:52 AM MDT·4 min read

Southern Europe is bracing for scorching temperatures this week as a new anticyclone entered the region, adding to the deadly heatwave that began last week.


The new weather system, named Charon after the ferryman of the dead in Greek mythology, moved over the region on Sunday after days of sweltering heat under another high pressure weather system dubbed Cerberus.



Charon, which like Cerberus has moved northwards from north Africa, is expected to drive temperatures in Italy’s Sardinia as high as 48C, a mark that could see it approach or even break Sicily’s 48.8C record for the hottest temperature ever recorded in Europe.




The European Space Agency (ESA) says Italy, Spain, France, Germany and Poland may see extreme conditions.

The impact of the heatwave has already led to raging wildfires in Spain prompting the evacuation of over 4,000 people, Greece shutting down the ancient Acropolis during the hottest part of the day and Italy issuing hot weather red alerts for 16 cities.

Here’s what the forecasters are saying for extreme temperatures in Spain, Italy and Greece:

Italy

Italy has already seen the extreme heat turning deadly with a 44-year-old worker collapsing while painting zebra crossing lines in the town of Lodi, near Milan. He died in hospital last week.

Several tourists struggled with the heat, including an unnamed British tourist who passed out in front of the ancient Roman Colosseum on Tuesday.

Temperatures are expected to remain hot this week with large parts of Italy expected to be above 35C on Tuesday and some cities forecast to hit 40C and above.

“We need to prepare for a severe heat storm that, day after day, will blanket the whole country,” Italian weather news service Meteo.it warned on Sunday.

“In some places ancient heat records will be broken.”

Health alerts are in place across various regions in Italy, including Rome, Florence, Palermo in Sicily, and Bari in the southeast.

The hottest weather is forecast to hit Sardinia, where meteorologists say there is a chance of the mercury hitting 48C or above, and potentially recording a European record.

Rome could see 43C, smashing the previous record for the Italian capital set last summer.

Italian health minister Orazio Schillaci urged people to take care, especially elderly individuals, asking people not to visit iconic outdoor sites like the Colosseum during the extreme heat.

“Going to the Colosseum when it is 43C is not advisable, especially for an elderly person,” he told Il Messaggero newspaper on Sunday, saying people should stay indoors between 11am and 6pm.

Spain

In Spain, temperatures are expected to be above 40C and remain high throughout the night, making it challenging to find respite from the heat.

Forecasters are also warning of the risk of forest fires as blazes erupted in the La Palma region of the Canary Islands on Saturday, forcing the evacuation of more than 4,000 residents.

Last week, the ground temperature in Spain, which is different from the air temperatures recorded for weather forecasts, crossed 60C in Extremadura, Spain.

Spain’s largest cities, Madrid, Barcelona and Valencia are set to see temperatures above 35C, according to the current forecasts. But meteorologists warn the mercury can climb up to the mid-40s in some places including Zaragoza in central Spain this week.

Greece


Greece has been baking in 40C heat as authorities have already taken precautions, closing the ancient Acropolis during the hottest part of the day to protect tourists.

There are also fears in Greece of a greater risk of wildfires, especially in areas with high winds. It suffered major wildfires in 2021 in another exceptional heatwave.

Earlier on Friday a tourist was stretchered out of the Acropolis site after falling ill due to the heat, local police said. Several other tourists in Athens reportedly sought help for heat stress.

The Red Cross has been distributing water bottles and helping people feeling nauseous and dizzy in the heat.

There and in other Greek cities, working hours were changed for the public sector and many businesses to avoid the midday heat, while air-conditioned areas were opened to the public.

Authorities in affected regions are urging residents and tourists to take necessary precautions, including staying indoors during the hottest parts of the day, staying hydrated, and avoiding strenuous outdoor activities.

Heatwaves are one of the deadliest natural hazards. Last year’s summer heatwave killed 61,672 people in Europe, a recent study has found.

The extreme heat in Europe comes as various records fell globally in recent days driven by the worsening climate crisis and the El Nino phenomenon in the Pacific, which is known to drive temperatures higher.

The first week of this month saw the average temperature of Earth at its highest level on record. Heatwaves have gripped the oceans and large parts of the northern hemisphere affecting large parts of the US, driving record wildfires in Canada and intense heat in China and Japan.

This weekend, China recorded its hottest July temperature 52.2C while California’s Death Valley hit 51C on Sunday.
Kingspan to Buy Majority Stake in German Building Firm Steico

Aaron Kirchfeld and Eyk Henning
Tue, July 18, 2023 


(Bloomberg) -- Kingspan Group Plc has agreed to buy a majority stake in German building materials maker Steico SE from founder Udo Schramek.

Ireland-based Kingspan is acquiring a 51% stake in Steico from Schramek GmbH, both companies said on Monday evening, confirming a Bloomberg News report. Schramek will retain 10.1% of Steico’s shares for the time being and remain chief executive officer.


Kingspan is initially paying €35 per share for the 51% stake in Steico, or about €251 million ($282 million). That amount could double if performance milestones are met later. Kingspan has an option to acquire the rest of Schramek’s stake in the future, it said.

Shares in Steico rose as much as 7.6% on Tuesday. The stock was flat at €32.15 at 9:55 a.m. in Frankfurt, giving the company a market value of €453 million. Kingspan rose as much as 2% in Dublin, valuing it at almost €13 billion.

Schramek will resign from his position as chairman of Steico’s administrative board but will remain a member of it, according to its statement. Kingspan will seek representation on the board with the support of Schramek GmbH, Steico said in the statement.

Kingspan won’t be required to make an offer to buy out minority investors under the rules of the market where Steico is listed, according to the statement.

Steico has faced severe headwinds this year as rising interest rates, higher building costs and insufficient subsidies have dented new real estate development in Germany. The company cut 2023 guidance in June, saying sales are expected to be around 15% lower than 2022 and not flat as previously expected.

But Morgan Stanley recently raised its recommendation on Steico to overweight. The bank said the maker of insulation materials is close to the bottom of a downgrade cycle and that growth is expected to pick up, driven by new capacity and wood-fiber share gains. The building materials industry as a whole is being supported by mega trends such as the need for better insulation and sustainable products.

Kingspan said Steico is the world leader in natural insulation and wood-based building envelope products, with four large production sites in Poland and France. The German company in June forecast 2023 revenues of about €378 million and a profit margin of 8% to 10%, it said.

“Its suite of wood-based building envelope solutions broadens our ability to enable our customers to meet their sustainability and energy performance needs,” Gene Murtagh, Kingspan’s chief executive officer, said in a statement.

Steico in May confirmed a Bloomberg News report that Schramek, who founded the company’s predecessor in 1986, was exploring strategic options for his controlling stake. The group could have attracted interest from European building material makers such as Kingspan, closely held German competitor Knauf Group, France’s Cie. de Saint-Gobain and Swiss company Holcim Ltd., people familiar with the matter said at the time.

(Updates with shares in third paragraph, CEO quote in ninth paragraph.)

Most Read from Bloomberg Businessweek
Biggest African Port to Be Partially Privatized


Antony Sguazzin
Mon, July 17, 2023 

(Bloomberg) -- Africa’s biggest harbor will be partly owned and operated by the Philippines’ International Container Terminal Services Inc., a first for South Africa’s national ports company.

The company, known as ICTSI, has been selected as an equity partner to run and expand Durban Container Terminal Pier 2. Almost three quarters of the freight volume moved through the eastern port goes through the terminal and it accounts for 46% of South Africa’s total port traffic, according to state logistics company, Transnet SOC Ltd.

This agreement “is a key catalyst for repositioning the Port of Durban as a container hub port,” Transnet said in a statement on Monday.

South Africa is seeking to boost private participation in its ports, the poor performance of which is a drag on the economy. In a 2021 World Bank index of container port performance, Durban ranked 364th out of 370 and two other Transnet ports were in the bottom 10.

Transnet will own a 50% plus one share in a new company that will manage the terminal for 25 years and will seek to boost its annual capacity to 2.8 million twenty-foot equivalent units, or TEUs, from two million, it said. TEUs are used to measure trade volumes at container ports.

ICTSI, whose chairman and chief executive officer is Filipino billionaire Enrique Razon, will make an “up front” payment to Transnet for the stake, the South African company said in a response to queries, declining to give a figure. Razon is a major shareholder in ICTSI

Ultimately Transnet wants to boost Durban’s total container capacity to 11.4 million TEUs from 3.3 million.

ICTSI, which operates terminals across six continents, was one of six bidders for the contract, Transnet said.

An announcement on the port of Ngqura will follow, Transnet said.

(Updates with ICTSI ownership and payment for stake in sixth paragraph)

Most Read from Bloomberg Businessweek
ANTI-ASIANISM, AN OLD U$ TRADITION
White House blasts RFK Jr for 'antisemitic conspiracy theories'


Democratic presidential candidate Robert F. Kennedy Jr.
 speaks at St. Anselm College in Manchester

Reuters
Mon, July 17, 2023

WASHINGTON (Reuters) - U.S. President Joe Biden's chief spokesperson sharply criticized Democratic presidential opponent Robert F. Kennedy Jr. for alleging in a recently released video that COVID-19 was targeted to attack Caucasians and Black people and that Jewish and Chinese people are most immune.

White House press secretary Karine Jean-Pierre joined a chorus of Democratic outrage at the comments from the 69-year-old son of Senator Robert F. Kennedy, a member of the Kennedy political dynasty who was assassinated while running for the Democratic presidential nomination in 1968.

Robert F. Kennedy Jr. is a candidate for the Democratic presidential nomination in 2024, putting him directly in competition with Biden, who is seeking a second four-year term. Kennedy is a long shot for the nomination, with a poll average from election data website FiveThirtyEight showing that about 15% of Democrats support him.

"The assertion that COVID was genetically engineered to spare Jewish and Chinese people is deeply offensive, and incredibly dangerous. Every aspect of these comments reflect some of the most abhorrent antisemitic conspiracy theories throughout history and contributes to today's dangerous rise of antisemitism," Jean-Pierre said.

The New York Post on Saturday published a video that appeared to show Kennedy speaking at a dinner in Manhattan. In the video, the candidate says "COVID-19 attacks certain races disproportionately."

"COVID-19 is targeted to attack Caucasians and Black people. The people who are most immune are Ashkenazi Jews and Chinese," he says in the video, adding that it was not known whether the virus was deliberately targeted or not.

Kennedy said on Sunday on Twitter than the "insinuation by @nypost and others that, as as result of my quoting a peer-reviewed paper on bio-weapons, I am somehow antisemitic, is a disgusting fabrication."

(Reporting by Trevor Hunnicutt and Steve Holland; Editing by Heather Timmons and Deepa Babington)
Farm fields don't just feed us. They store carbon. But a big question is how much



MELINA WALLING
Sat, July 15, 2023 

DYSART, Iowa (AP) — When Al Schafbuch cut back on plowing his Iowa fields decades ago and later began growing cover crops, he was out to save money on fertilizer and reduce erosion. He got those benefits and saw his soil change for the better, too: dark, chunky, richly organic matter that he said feels like “chocolate cake."

There's one more big payoff that benefits everyone: tilling the soil less, and growing more cover crops, can help farmers store more planet-warming carbon in fields. More plants take in more carbon dioxide, and soil microbes breathe out less carbon when undisturbed. That can mean money for participating farmers in the form of carbon offsets — payments that companies can make that support carbon storage in farms and, in theory, balance out their emissions elsewhere.

“The more carbon you store from the atmosphere with your crops, and the more crops grown throughout the year, you offset some of your waste, your wasted energy,” said Shalamar Armstrong, an associate professor of agronomy at Purdue University. “Because you’ve stored carbon that would have been emitted (into) the atmosphere.”

It's an area getting more attention from lawmakers, researchers and industry professionals. The U.S. Department of Agriculture this week announced a $300 million investment to monitor agricultural emissions, including by creating a research network to monitor carbon in soil. And U.S. Sens. Tina Smith, D-Minn., and Todd Young, R-Ind., introduced a bill that Smith said would support the research needed to “properly credit soil carbon storage.”

The USDA announcement and the legislation are both aimed at the difficult question of how to quantify carbon stored in soil. It’s an obstacle to overcome if the young and booming soil carbon market is to avoid the scrutiny, and skepticism, directed at carbon credit markets.

“The science piece (of carbon credits) has really lagged behind, particularly when it comes to things like monitoring, reporting and verification,” said Cristel Zoebisch, deputy director of policy at climate organization Carbon180. “These are huge obstacles for not just soil carbon sequestration, but really any land-based carbon removal solution.”

Armstrong has been trying to help fix that problem. He runs a lab where researchers are investigating how farming management affects the amount of carbon in soil across different landscapes. He and others at Purdue have been studying soil samples that date back more than 40 years, comparing different types of tilling and cover crops to determine their long-term effects on carbon storage. It can take years of fieldwork, careful chemistry in the lab and lots of expensive equipment to puzzle that out.

He hopes his precise calculations will help farmers make decisions that allow them to receive worthwhile incentives for sequestering carbon while maintaining their existing profits.

But other academics worry that even if farmers do get paid for storing soil carbon, it won't solve a bigger problem: that carbon markets often don't work.

For offsets to be legitimate, they have to meet four criteria. They have to store carbon that would otherwise be emitted; they have to be verifiable in data; they have to be immediate (planting a tree that might grow up in 20 years doesn't cut it); and they have to be long-lasting, said John Sterman, a professor of management at Massachusetts Institute of Technology.

Better quantifying soil carbon storage through research might make the offsets more verifiable, but it doesn't address other factors. For example, many farmers rent the land they work, and can't guarantee that carbon stored on their land will stay put in several decades if someone else is working the land.

Barbara Haya, director of the Berkeley Carbon Trading Project at University of California, Berkeley, has worked on research that she said shows the effects of carbon offset projects are commonly overestimated, sometimes vastly so.

“Carbon trading is a mechanism that has failed miserably over the last 20 years that we really need to be moving away from," Haya said.

U.S. Rep. Jared Huffman, D-Calif., last month introduced a bipartisan bill to support farmers in improving soil health, with incentives that don't necessarily involve the carbon market. He said farmers in his district have also described the benefits of regenerative practices, and that many would be interested in participating in carbon markets with “robust” accounting systems. But he added that those hoping for serious climate action shouldn't rely only on offsets.

“In my opinion, it’s really not the silver bullet,” Huffman said. “I think offsets are inherently sketchy."

Some farmers are moving cautiously.

Brad Wetli, an Indiana farmer who collaborates with Armstrong, has been trying techniques that use less tilling and has been planting cover crops like rye for a few years now. He's happy with the way his current fields look — “It feels like you're doing something” to contribute to sustainability, he said — but he's still weighing his options with possible carbon credit contracts, doing the math and waiting to see whether the price will be right, since many offset agreements can last for several years.

“I’m going to do maybe a field or two at a time, and as I learn more, I’ll hopefully incorporate the carbon or carbon credits more into the operation,” he said.

Schafbuch, for his part, is skeptical of carbon credits but would have been enthusiastic about regenerative farming no matter the upfront costs. He said he was an early adopter in the face of neighbors who laughed and suggested he would “end up being broke” — but he’s proved them wrong.

“I’m convinced that if you do it right, anybody can do it," he said.

___

Associated Press journalist Joshua Bickel contributed to this report from Fowler, Indiana.

___

Follow Melina Walling on Twitter @MelinaWalling.

___

Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.



https://c4ss.org/wp-content/uploads/2014/08/FactoriesPDF.pdf

As for the actual book, Kropotkin's Fields, Factories and Workshops and Colin ... urban and rural, between industrial worker and farm worker, would break.



Hong Kong's seafood businesses brace for a sales slump as Japan plans to discharge radioactive water


- Customers browse Japanese imported sea products at a supermarket in Hong Kong, Wednesday, July 12, 2023. As Tokyo plans to discharge treated radioactive wastewater into the sea, Hong Kong’s Japanese restaurants and seafood suppliers are bracing for a slump in business under a potential ban by Hong Kong on aquatic products from 10 Japanese regions.
 (AP Photo/Louise Delmotte, File)


KANIS LEUNG
Sun, July 16, 2023

In this article:
Sam Lam
Canadian soccer player

HONG KONG (AP) — As Tokyo plans to discharge treated radioactive wastewater into the sea, Japanese restaurant operator Sam Lam is busy finding substitutes for Japanese seafood that could soon be banned from entering Hong Kong.

The Hong Kong government said last Wednesday that the city would immediately bar the import of aquatic products from 10 Japanese prefectures if wastewater from the damaged Fukushima nuclear plant is released into the Pacific Ocean.

Lam said his team could get seafood from other sources and change menus to adjust to the ban, but he predicted that revenues could nevertheless drop from 10% to 20% if the Japanese and Hong Kong governments press ahead with their plans.

“My customers told me that once the water is discharged, they will eat fewer (aquatic products) or stop eating them,” he said in an interview Friday.
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Lam is not alone among Japanese restaurants and seafood suppliers in Hong Kong who are bracing for a slump in business under the potential ban, and who fear that the discharge could lead to a general decline of confidence in the safety of seafood.

The financial hub was Japan's second biggest market for fishery exports after mainland China and purchased 75.5 billion yen ($546 million) worth of aquatic products from the country last year, the Japanese government's data showed.

The 10 affected prefectures — Tokyo, Fukushima, Chiba, Tochigi, Ibaraki, Gunma, Miyagi, Niigata, Nagano and Saitama — provide about 15% of the total amount of imported aquatic products from Japan, according to estimates by Simon Wong, president of the Hong Kong Federation of Restaurants and Related Trade.

Wong said the city's Japanese restaurants could find substitute seafood products from other regions, but they may not share the same level of prestige, and that could mar a restaurant's image or make customers feel that the food is less authentic.

“After moving past the pandemic, businesses were hoping that crisis is a thing of the past already. They don't know if this incident will bring another crisis," he said.

He said the industry took about a year to restore the public's confidence in Japanese food after the Fukushima nuclear crisis in March 2011. He said if the current safety concerns aren't immediately resolved, the industry might need more than nine months to restore some level of confidence.

A massive earthquake and tsunami in 2011 destroyed the Fukushima Daiichi nuclear plant’s cooling systems, causing three reactors to melt and releasing large amounts of radiation. The tanks where water used to cool the reactor cores is stored will reach their capacity in early 2024.

In 2021, Japan’s government announced plans to gradually release the treated — but still slightly radioactive — water after being diluted to what it says are safe levels. The U.N. nuclear agency endorsed the plans, saying they meet international standards. But the idea is opposed by groups in South Korea, China and some Pacific Island nations because of safety concerns and political reasons. Local fishing organizations fear that their reputation will be damaged even if their catch isn’t contaminated.

Christine Huang, who imports Japanese food from outside the 10 prefectures targeted in the potential ban, remembered the pain in 2011.

Consumer worries triggered by the Fukushima accident led to her company's revenues being halved for a period of two to three months, said Huang, the director at Best Quality Food. Workers at her company were forced to take unpaid leave, she added.

She worried that the release at Fukushima could again shake Hong Kongers’ confidence in the safety of Japanese food in the short term. “If business at Japanese restaurants turn bad, we will be quite miserable,” she said.

Murakami Satoshi, a wholesaler who imported seafood such as saury from the affected prefecture of Miyagi, also predicted a potential drop in sales due to the ban. To allay concerns of his restaurant clients, he said he would boost efforts to get seafood from unaffected regions, such as the Japanese islands of Kyushu and Hokkaido.

Those who sell seafood products from outside Japan also voiced concerns. Local seafood wholesale company worker Fung See foresaw his company's revenues could drop at least 20% to 30% due to consumers’ worries even though they mainly trade fish from Hong Kong and mainland China.

Oyster shop owner Wilson Lau, who sells shellfish from Miyagi, said he was not bothered. “Fresh oysters also exist in many countries," said Lau, who is director of the HK Oyster Concern Group. “Even if consumers do not eat Japanese oysters, they can eat other types of oysters.”

At about Friday's noon at Sam Lam's Japanese restaurant, fewer customers were ordering sashimi than usual. Of about 10 meal sets Lam checked, only one was sashimi, he said.

Customer Yo Kong said she's been dining more at Japanese restaurants lately to get her fill ahead of the expected discharge at Fukushima. Once that happens, the 50-year-old insurance manager said she might stop eating sashimi for a few months.

“I will just have more when it's still OK to eat,” she said.

___

Associated Press news assistant Annie Cheung contributed to this report.









  
EU’s Influence Push in Latin America Dented by Ukraine Clash

“The arms race makes it even more difficult to face climate change.” Brazilian President Luiz Inacio Lula da Silva said 


Jorge Valero, Maria Tadeo and Samy Adghirni
Mon, July 17, 2023 

(Bloomberg) -- Leaders of the European Union are seeking to reboot relations with Latin America in a competition for influence against Russia and China, but wrangling over Moscow’s invasion of Ukraine is hampering their efforts.

The EU will help invest over €45 billion ($50.6 billion) in Latin America and the Caribbean until 2027, Ursula von der Leyen, the head of the European Commission, told a business conference Monday ahead of a two-day summit in Brussels with leaders from the regions.

The funding — which would come from a combination of EU funds, member states’ contributions, development banks and the private sector — will be focused on areas including clean energy, critical raw materials, health and education.

A key goal for Europe in the summit is seeking stronger support for Ukraine in its efforts to counter the Russian invasion, reduce China’s sway, and ensure access to critical raw materials for its digital and green transition.

But diplomats are clashing on a possible statement to mark the end of the summit. The EU wants a section condemning “the ongoing war against Ukraine,” deploring “in the strongest terms the aggression by the Russian Federation” and demanding “its complete and unconditional withdrawal,” according to a draft seen by Bloomberg.

Latin American and Caribbean countries, however, currently prefer to “express concern” about the war, and support efforts for an immediate cessation of hostilities, the draft shows.

Cuba and Nicaragua are among the main countries blocking a harder stance in the statement against Russia over its invasion of Ukraine, according to two people who asked not to be identified on confidential talks.

“The war at the heart of Europe throws a blanket of uncertainty on the world and channels for war purposes resources that were until then essential for the economy and social programs,” Brazilian President Luiz Inacio Lula da Silva said at the business roundtable. “The arms race makes it even more difficult to face climate change.”

Trade Accord


The EU and the Mercosur countries — Argentina, Brazil, Uruguay and Paraguay — have been in talks to try to clinch a trade accord for more than 20 years. But the Latin American countries have balked at the EU’s Green Deal, and rules to reduce CO2 emissions that include strict conditions to gain access to the European market.

“We want to discuss today how to further connect our people, how to further connect our businesses, how to de-risk, how to strengthen and diversify our supply chains and how to modernize our economies in ways that reduce inequalities and benefit all,” von der Leyen told reporters earlier as she welcomed Lula.

By announcing the €45 billion investment goal in the region, the EU is trying to compete with Chinese influence in region. Spain is planning to help provide some €9.4 billion worth of public funding, using a mix of development funds, export credits and other tools.

Von der Leyen said all the objectives she set out are “within reach if we get the Mercosur-EU agreement across the finishing line.” She added that the EU “will invest strongly in Latin America and the Caribbean.”

Lula told reporters his country wants to share its “intense economic activity” with EU and Mercosur partners. “And more importantly, we want to deepen with the European Union the discussion — not only about industrial development and economic growth — but we want to deeply discuss the climate question,” he added.

--With assistance from Lyubov Pronina, Joao Lima and Sofia Gerace.

(Updates with Cuba, Nicaragua stance in seventh paragraph)

Most Read from Bloomberg Businessweek
More Americans Are Getting Turned Down for Loans, Fed Data Shows

Alex Tanzi
Mon, July 17, 2023 



(Bloomberg) -- Americans are increasingly likely to get turned down when they apply for credit, according to a new Federal Reserve survey that shows the combined impact of high interest rates and a cautious turn among the country’s lenders.

The rejection rate for loan applicants jumped to 21.8% in the 12 months through June, the highest level in five years, according to the latest edition of the Fed survey, which is published every four months. Overall credit applications declined to the lowest level since October 2020.

In the previous survey, published in February before the collapse of Silicon Valley Bank and other US lenders, the rejection rate was 17.3%. The increase since then has been broad-based across age groups, and highest among those with credit scores below 680.

In auto loans, for the first time since the survey began in 2013 the rejection rate — which climbed to 14.2% from 9.1% — exceeded the application rate.

What’s more, almost one-third of auto-loan applicants expected that their loan would be rejected, a record high. There were also steep increases in reported expectations that requests for new mortgages, mortgage refinancing or increases in credit-card limits would be turned down.