Why Does The New $1 Billion US Embassy In London Need The First Moat Since Medieval Times

If you google ‘London moats’, you’ll probably alight on a link which will take you to ‘London’s Top 10 Moats: A Spotter’s Guide’. We had no idea there were so many and could only think of the ‘obvious’ one surrounding the Tower of London, even if it’s waterless these days. According to the guide, a defensive ditch has surrounded the Tower since its origins in the eleventh century. The moat, which contained water from the thirteenth century until the 1840s, helps to protect the roughly cuboid ‘White Tower’ keep, which gives the Tower of London its name. Built by William the Conqueror in 1078, the White Tower was resented as a symbol of oppression inflicted on London by the new ruling elite.
Yesterday saw the press launch for the new US embassy in London which is situated on the south bank of the River Thames in the re-developed – albeit unattractively – part of the city near to Battersea Power Station. During the ‘celebrations’, architect James Timberlake, of Philadelphia-based firm Kieran Timberlake, described the new building as ‘the embodiment of peace and security’. The Daily Mailreported a spokesperson saying the glass structure ‘gives form to the core democratic values of transparency’. The lobby looks a bit ‘imperial’ to us, but we’re probably mistaken.

This post was published at Zero Hedge on Dec 15, 2017.

Do Graduate Degrees Produce Value?

One of the more contentious aspects of the tax reform bill currently going through Congress is a proposal to treat the value of graduate-student tuition waivers as taxable income. In the US most PhD programs charge tuition, like undergraduate programs, but PhD students are typically granted a waiver of tuition along with a modest stipend to cover living expenses. In the early versions of the tax bill, the value of this waiver — which could be $50,000 to $60,000 at a private university — would be classified as taxable income. University officials, graduate student associations, academics, and most journalists have condemned this aspect of the tax plan. As a university professor I have received multiple communications urging me to write my Congressional representatives, speak out publicly, and otherwise fight to defeat this legislation.
As of this writing, it appears the tuition-waiver piece will not be in the final bill, so university officials, the AAUP, the grad student unions, and other graduate-education supporters can rest easy. Maybe all that lobbying paid off.

This post was published at Ludwig von Mises Institute on Dec 13, 2017.

Just How Dangerous Is Trumps Latest Fed Board of Governors Pick?

Last week, Pres. Donald Trump nominated Marvin Goodfriend to fill a vacancy on the Federal Reserve Board of Governors. When we reported the news, we called him ‘another swamp creature’ – a member of the Washington D. C./Wall Street clan Trump promised to drain away.
We’re not alone in our thinking. In an article on the Mises Wire, Tho Bishop called Goodfriend’s nomination ‘a dangerous act of outright betrayal to Trump’s core constituency of working-class voters.’
It’s true Goodfriend’s views on monetary policy don’t fit in with the current Fed status quo. But that’s not a good thing. Goodfriend isn’t a fan of the conventional radical policy of quantitative easing. He’s actually a proponent of an even more radical policy.
Following is Bishop’s analysis in its entirety.
Donald Trump nominated Marvin Goodfriend to the Federal Reserve Board of Governors, one of the numerous vacancies that have emerged over the course of the past year. While his prior nominations of Jay Powell as Chairman and Randal Quarles as Vice Chair represented a disappointing commitment to the status quo, his selection of Goodfriend is a dangerous act of outright betrayal to Trump’s core constituency of working class voters.
The timing of the decision is ironic. After all, while Trump is busy lobbying Senate Republicans to support his desired tax cuts, he has decided to nominate a would-be central banker who wants to effectively tax the bank accounts of American citizens.

This post was published at Schiffgold on DECEMBER 5, 2017.

Chinese Researchers Experiment With Anti-Gay Spray

Around mid-November, Human Rights Watch (HRW) issued a shocking report detailing China’s gay conversion problem.
Powerful first-hand accounts expose how state-owned hospitals are using electric shock machines and medication to convert gays back to some form of ‘normalcy‘. The practice is an open secret in China, where a majority of gays are forced by their families into hospitals, because the culture labels it as a curable-disease.
Even the World Psychiatric Association has come out denouncing the practice as ‘unethical, unscientific and harmful’.

This post was published at Zero Hedge on Dec 1, 2017.

Kushner Is “Senior Official” Who Ordered Flynn To Contact Russia

When commenting on the Flynn plea deal with Mueller, we said that while hardly evidence of collusion between Trump and Russia, especially since all events took place after the election, the real question is who was the “senior member of the transition team” that instructed Flynn to call Russia. Now, according to Bloomberg’s Eli Lake we may have the answer: none other than Jared Kushner, who as Lake says, “could be one of the next dominoes to fall.”
According to the Bloomberg report, “one of Flynn’s lies to the FBI was when he said that he never asked Russia’s ambassador to Washington, Sergey Kislyak, to delay the vote for the U. N. Security Council resolution. The indictment released today from the office of special prosecutor Robert Mueller describes this lie: “On or about December 22, 2016, Flynn did not ask the Russian Ambassador to delay the vote on or defeat a pending United Nations Security Council resolution.” At the time, the U. N. Security Council resolution on Israeli settlements was a big deal. Even though the Obama administration had less than a month left in office, the president instructed his ambassador to the United Nations to abstain from a resolution, breaking a precedent that went back to 1980 when it came to one-sided anti-Israel resolutions at the U. N.
This was the context of Kushner’s instruction to Flynn last December. One transition official at the time said Kushner called Flynn to tell him he needed to get every foreign minister or ambassador from a country on the U. N. Security Council to delay or vote against the resolution. Much of this appeared to be coordinated also with Israeli prime minister Benjamin Netanyahu, whose envoys shared their own intelligence about the Obama administration’s lobbying efforts to get member stats to support the resolution with the Trump transition team. As Lake correctly notes, “for now it’s unclear what to make of all of this” especially since th most important part of a case is missing: motive.

This post was published at Zero Hedge on Dec 1, 2017.

Kushner Said To Have Ordered Flynn To Contact Russia

When commenting on the Flynn plea deal with Mueller, we said that while hardly evidence of collusion between Trump and Russia, especially since all events took place after the election, the real question is who was the “senior member of the transition team” that instructed Flynn to call Russia. Now, according to Bloomberg’s Eli Lake we may have the answer: none other than Jared Kushner, who as Lake says, “could be one of the next dominoes to fall.”
According to the Bloomberg report, “one of Flynn’s lies to the FBI was when he said that he never asked Russia’s ambassador to Washington, Sergey Kislyak, to delay the vote for the U. N. Security Council resolution. The indictment released today from the office of special prosecutor Robert Mueller describes this lie: “On or about December 22, 2016, Flynn did not ask the Russian Ambassador to delay the vote on or defeat a pending United Nations Security Council resolution.” At the time, the U. N. Security Council resolution on Israeli settlements was a big deal. Even though the Obama administration had less than a month left in office, the president instructed his ambassador to the United Nations to abstain from a resolution, breaking a precedent that went back to 1980 when it came to one-sided anti-Israel resolutions at the U. N.
This was the context of Kushner’s instruction to Flynn last December. One transition official at the time said Kushner called Flynn to tell him he needed to get every foreign minister or ambassador from a country on the U. N. Security Council to delay or vote against the resolution. Much of this appeared to be coordinated also with Israeli prime minister Benjamin Netanyahu, whose envoys shared their own intelligence about the Obama administration’s lobbying efforts to get member stats to support the resolution with the Trump transition team.

This post was published at Zero Hedge on Dec 1, 2017.

Fiscal Sundown In America, Part 1

The Senate Finance Committee tax bill is not supply side and it’s not even a tax cut; it’s a gimmick-ridden policy mongrel that smells to high heaven of political desperation and cynicism.
Contrary to the Donald’s delusional promise that the American people will get some tax cut sugar plums for Christmas, we are reasonably confident that this misbegotten exercise in reverse-robin hood economics won’t reach his desk. But whether it passes in some diluted form or not, we are entirely sure that what the American people are actually getting is a giant lump of fiscal coal—-courtesy of the craven capitulation of McConnell & Co to the K-Street lobbies and Wall Street.
And we do mean craven in the very fullest sense of beltway mendacity. Come to think of it, we have witnessed few exercises in raw partisan brinksmanship that were as meretricious and fiscally irresponsible as the current GOP campaign to pass a tax bill—any tax bill— merely for the sake of posting a legislative victory.

This post was published at David Stockmans Contra Corner on Monday, November 20th, 2017.

RT & Michael Flynn: Is That The Case Mueller Is Going To Make?

With every other attempt to put together a convincing Russiagate case having failed – the indictments against Manafort, Gates and Papadopoulos make no allusion to the collusion allegations at the heart of it, and the FBI has now admitted to Congressional investigators that it cannot verify the Trump Dossier, the document which appears to have triggered the whole inquiry – it seems that the pressure is now increasingly on Michael Flynn.
Shortly after the indictments against Manafort, Gates and Papadopoulos I speculated that an indictment against Flynn might be pending. News that his lawyers have broken contact with the President’s lawyers hardens that suspicion. There are also rumours that Special Counsel Mueller may also be considering an indictment against his son.
The trouble is that nothing that is known about General Flynn’s activities during the 2016 election campaign give any reason to think that he was involved in any sort of illegal collusion with the Russians.
The only case that can convincingly be made against him is that he failed to register under FARA in connection with paid lobbying work he did for a foreign government. However the government in question is Turkey not Russia.
I wonder whether this may explain the otherwise highly oppressive and legally dubious decision to force RT to register under FARA as a foreign agent?
Flynn did appear on RT on a number of occasions, and did attend an RT dinner where he was famously photographed sitting at the same table as President Putin.

This post was published at Zero Hedge on Nov 24, 2017.

Jeff Bezos and All He Owns Must Be Destroyed

There is a basic premise behind reporting .vs. editorializing — one is allegedly unbiased, although we all have our personal prejudices while the other is labeled opinion (it’s found on the opinion page and is disclosed as such.)
Jeff Bezos bought the Washington Post, it is now clear, in order to effect a public lobbying strategy much larger than that which Hastings “organized” and led to a five times increase in his firm’s stock price revolving around net neutrality.
That latter event occurred after ISPs, properly recognizing that he was effectively driving semi trucks over the roads built for cars and refusing to pay higher fuel taxes and license plate fees for same, or, if you prefer, opening up a 2″ water connection to a 6″ main and demanding not to be charged by the gallon, resulting in you having no water pressure, started pushing back and demanding that Netflix cover the outsized costs being imposed on said ISPs to prevent service-quality collapses to everyone, including those who didn’t want his service.
In response Hastings got a bunch of left-aligned media to whip the public into a froth and Obama’s FCC obliged by handing him tens of billions of dollars of money literally forced out of non-subscriber’s wallets.
Amazon engages in cross-subsidization of its product sales (on which he makes no profit, particularly when fulfillment along with G&A are included) with other sales, particularly in AWS, where he does. This now includes government sales of AWS which means you’re being forced to subsidize Jeff Bezos’ destruction of retailers all across the United States at literal gunpoint, along with all the jobs that go when those retailers are forced out of business.

This post was published at Market-Ticker on 2017-11-24.

Jamie Dimon Bets Trump Will Last Only One Term As President

In an October 2017 interview, Jamie Dimon famously lambasted Bitcoin as a ‘fraud’ and the people who bought it as ‘stupid’ which, temporarily, halted the ascent in the Bitcoin price. It also led to much heated debate in the mainstream media and much anger across the crypto community. In a just as incendiary follow up, Dimon sat down for another interview, this time as ‘The Economic Club of Chicago’.
We wondered whether he would confirm recent reports that JPMorgan Chase would buy and sell Bitcoin futures for clients after the upcoming launch on the CME. Sadly, he wasn’t pressed on this question. Instead, he had some striking comments about the longevity of Trump’s Presidency, as Reuters reports.
Jamie Dimon, chief executive officer of JPMorgan Chase & Co, on Wednesday said he expects to see a new U. S. president in 2021 and advised the Democratic party to come up with a ‘pro-free enterprise’ agenda for jobs and economic growth instead. Asked at a luncheon hosted by The Economic Club of Chicago how many years Republican President Donald Trump will be in office, Dimon said, ‘If I had to bet, I’d bet three and half. But the Democrats have to come up with a reasonable candidate … or Trump will win again.’
Dimon, who in the past has described himself as ‘barely’ a Democrat, has been going to Washington more often since the 2016 elections to lobby lawmakers on issues including changes in corporate taxes, immigration policies and mortgage finance.

This post was published at Zero Hedge on Nov 23, 2017.

FBI Informant Has Video Of Russian Agents With Briefcases Of Bribe Money In Clinton-Uranium Scandal

An undercover FBI informant in the Russian nuclear industry who was made to sign an ‘illegal NDA’ by former AG Loretta Lynch, claims to have video evidence showing Russian agents with briefcases full of bribe money related to the controversial Uranium One deal – according to The Hill investigative journalist John Solomon and Circa’s Sara Carter.
The informant, whose identity was revealed by Reuters as William D. Campbell, will testify before congress next week after the NDA which carried the threat of prison time was lifted. Campbell, originally misidentifed by Reuters as a lobbyist is actually a nuclear industry consultant who is currently battling cancer.
As previously reported, Campbell was deeply embedded in the Russian nuclear industry where he gathered extensive evidence of a racketeering scheme involving bribes and kickbacks.
‘The Russians were compromising American contractors in the nuclear industry with kickbacks and extortion threats, all of which raised legitimate national security concerns. And none of that evidence got aired before the Obama administration made those decisions,’ a person who worked on the case told The Hill, speaking on condition of anonymity for fear of retribution by U. S. or Russian officials. -The Hill


This post was published at Zero Hedge on Nov 18, 2017.

Identity of Secret Informant In FBI’s Clinton Probe Unveiled

More information about the Congressional probes into the Obama-era Uranium One deal leaked out Thursday when Reuters reported that Senate Republicans say their investigation into the Clinton’s role in approving the deal largely hinges on the testimony of a secret informant who was until recently the subject of a federal gag order.
But a month after Trump asked the DOJ to lift the gag order – a command that the DOJ promptly obeyed – the man has decided to speak out publicly for the first time in an interview with Reuters.
His name is Christopher Campbell, and was formerly a lobbyist for Tenex, the US-based arm of Rosatom, the Russian government’s nuclear agency.
At the time the Uranium One deal was approved, Campbell was a confidential source for the FBI in a Maryland bribery and kickback investigation that eventually led to the conviction of the head of the US unit of Rosatom, the Russian state-owned nuclear power company that received permission to buy Uranium One from a US strategic-resources panel, on bribery and corruption charges. Campbell was identified as an FBI informant by prosecutors in open court and by himself in a publicly available lawsuit he filed last year, but his identity as the informant was somehow not widely known, Reuters noted.

This post was published at Zero Hedge on Nov 16, 2017.

Corruption In China Risks A Soviet-Style Collapse – Party’s Graft Buster

Yang Xiadou is the Party’s number two man in Xi Jinping’s crackdown on corruption in the Chinese Communist Party – although some have seen this, in part, as a convenient way for Xi to bolster his power base.
During the 19th Party Congress last month, Yang was asked about the anti-corruption drive and how to achieve a balance between human rights and party discipline. Yang replied that, having worked in the Tibet Autonomous Region for many years, human rights was an ‘interesting question’. He recounted a conversation he had with a US assistant secretary of state where he likened Abraham Lincoln freeing slaves in America to China’s actions in Tibet.
‘I said in the hearts of Chinese people, Lincoln is a hero, because he freed the slaves.
On this point the Chinese people and the American people have the same understanding – this is a human rights issue.
In turn, we freed the serfs in Tibet, how come American friends cannot understand this? From Lincoln’s perspective, he should have supported China’s overturning of the serfdom in Tibet.’

This post was published at Zero Hedge on Nov 15, 2017.

TRUMP’S HEALTH SECRETARY NOMINEE IS AN ESTABLISHMENT BIG PHARMA EXEC

Happy to announce, I am nominating Alex Azar to be the next HHS Secretary. He will be a star for better healthcare and lower drug prices!
— Donald J. Trump (@realDonaldTrump) November 13, 2017

President Trump has nominated a former lobbyist and executive of a major pharmaceutical company to be U. S. Health Secretary.
On Monday, Trump announced his pick for Secretary of the Department of Health and Human Services. ‘Happy to announce, I am nominating Alex Azar to be the next HHS Secretary. He will be a star for better healthcare and lower drug prices,’ Trump tweeted. The nominee immediately came under scrutiny for his former connections to the pharmaceutical industry.
Azar formerly served as U. S. Deputy Secretary of Health and Human Services under George W. Bush from 2005 to 2007. In June 2007, Azar began working as a lobbyist for pharmaceutical giant Eli Lilly and Company. Azar also served as Eli Lilly’s spokesman as its Senior Vice President of Corporate Affairs and Communications. Beginning January 1, 2012, Azar was promoted to President of Lilly USA, LLC, the largest division of Eli Lilly and Company – a position which put him in charge of Eli Lilly’s entire U. S. operation.

This post was published at The Daily Sheeple on NOVEMBER 15, 2017.

RUSSIA CONSIDERS DESIGNATING CNN, VOICE OF AMERICA AS FOREIGN AGENTS

Editors Note: This is interesting when you consider the fact that ‘news’ outlets such as CNN seemingly do work for the globalist establishment which has no allegiance to any one country but absolutely does lobby against the betterment of various countries across the world.. Designating them as foreign agents would not be devoid of truth.
Russia is considering designating CNN, Voice of America and Radio Liberty as foreign agents, now that the U. S. has forced state-run RT to register as a foreign agent.
Russian officials said Friday that they’re thinking of making private and government-run American media entities register as foreign agents, which is exactly what Russia warned it would do if American authorities moved to censure RT, The New York Times reports. Such a move could prevent CNN and other U. S. state-owned media entities from operating or distributing content in certain areas.

This post was published at The Daily Sheeple on NOVEMBER 11, 2017.

Podesta Group “Will Not Exist At The End Of The Year”

While all eyes (from the left and the establishment right) remain on Trump (daring to shake Putin’s hand this weekend), the mainstream media appears to be missing the news that the lobbying firm founded by longtime Democratic operative Tony Podesta is reportedly on the verge of shuttering after being swept up in special counsel Robert Mueller’s Russia probe.
***
Just three weeks after we reported that special counsel Mueller was targeting lobbying firm Podesta Group. and just two weeks after Tony Podesta resigned from his position at the firm he founded, The Hill reports that Kimberley Fritts, the Podesta Group’s chief executive, told employees on Thursday that the firm would not exist at the end of the year and that they would likely not be paid through the end of November, sources told CNN.

This post was published at Zero Hedge on Nov 11, 2017.

Hedge Fund Homebuyers In The Hamptons Already Have A Plan To Game Trump’s Mortgage Cap

One of the key changes in the House GOP tax bill was to implement a cap on home interest deductions to the first $500,000 worth of mortgage debt and eliminate interest deductions from second homes. Of course, given active opposition from some very powerful realtor and homebuilder lobbying groups, it’s unclear whether the changes will find their way into the final tax bill. But, at least according to Bloomberg, New York’s “millionaire, billionaire, private jet owning” hedge fund managers aren’t waiting around to find out and are already taking steps to game any potential tax changes.
Out in the Hamptons, Wall Street’s favored beach resort on Long Island, brokers and buyers already have a workaround for a tax-plan provision under consideration in Congress that would take away the mortgage-interest deduction for second homes.
A client of Brown Harris Stevens broker Jessica von Hagn who works at a hedge fund decided to turn the vacation home he’s buying into an investment property by setting up a limited liability company. That will allow him to deduct the interest and earn rental income at the height of the season from the modern home on Bridgehampton’s Lumber Lane, with four bedrooms, three baths and a swimming pool on an acre of land.

This post was published at Zero Hedge on Nov 10, 2017.

NOW IT’S THE DEMOCRATS WHO HAVE A ‘RUSSIAN PROBLEM’

Suddenly it’s the Democrats who have a serious Russia problem.
Democratic fingerprints are all over a growing number of Russia-related scandals, including payments to Fusion GPS for its Russian-sourced Trump dossier, lobbying on behalf of Russia’s largest bank to lift economic sanctions, former President Barack Obama’s administration’s approval of the sale of Uranium One to Russia, and giving twenty percent of America’s uranium reserves to Moscow.
Republican Senators Lindsey Graham of South Carolina and Chuck Grassley of Iowa have called for the appointment of a special prosecutor to look into the mounting scandals tying Democrats to Russia.
tweet
‘The bottom line is very simple, says former U. S. Attorney Joseph diGenova in an interview with The Daily Caller News Foundation. ‘The Russian connection now is owned by the Democratic Party.’
What are the Democratic ties to Russia?
Fusion GPS
In 2016 the Hillary for America presidential campaign and the Democratic National Committee (DNC) paid at least $168,000 to Fusion GPS, a political opposition research for the salacious Trump-Russia dossier.

This post was published at The Daily Sheeple on NOVEMBER 10, 2017.

Mueller Probes Flynn’s Role In $15 Million Plot To Kidnap Erdogan’s Arch-Nemesis

Last week, we reported that Special Counsel Robert Mueller is close to asking a grand jury to approve indictments for former National Security Adviser Mike Flynn and his son, Mike Flynn Jr., as investigators believe they have enough evidence to bring charges after speaking to multiple witnesses about Flynn’s lobbying work, including whether he laundered money or lied to federal agents about his overseas contacts. Now, we have a somewhat clearer picture of what Mueller has been digging around for in his investigation of Flynn who was fired after just 24 days on the job.
According to the Wall Street Journal, Mueller is probing a plot involving Flynn and his son to forcibly, and lucratively, remove Fethullah Gulen, who as most regular readers know is Turkish president Erdogan’s arch-nemesis, and the man who – according to Erdogan – controls Turkey’s “deep state”, and was responsible for the failed (and faked) July 2016 coup attempt against Erdogan. In more practical terms, Gulen is a 76-year-old Muslim cleric currently residing in rural Pennsylvania. And, as is also well-known, Erdogan has for years been attempting, lobbying and threatening the US in hopes of getting him extradited back to Turkey. This is where Flynn allegedly comes in: reportedly he, and his son, were part of a plan to grab Gulen and deliver him to Turkey in return for $15 millions. To wit:

This post was published at Zero Hedge on Nov 10, 2017.

Podesta Group CEO Unexpectedly Quits Just Days After Tony’s Departure

Less than two weeks after John Podesta’s brother, Tony, quit as head of the prominent Democratic lobbying group, the Podesta Group just days after it was revealed that Special Prosecutor Robert Mueller was investigating Podesta for potentially violating the Foreign Agents Registration Act for his work involving Ukraine clients, Politico reported overnight that Podesta Group longtime CEO, Kimberley Fritts, is leaving the firm to start her own lobbying shop, according to three Podesta Group staffers.
Tony Podesta tapped Fritts as his successor when he announced he’d step down as chairman last week, hours after an indictment charging Paul Manafort and his deputy, Rick Gates, with violating foreign lobbying law, was unsealed. As a reminder, the widely leaked indictment accused Manafort of hiring the Podesta Group to lobby for an ostensibly independent nonprofit that ‘was under the ultimate direction’ of the Ukrainian president, his party and the Ukrainian government.
And while Fritts had been expected to relaunch the Podesta Group – under a new name of course – in the days after Podesta stepped down, after just a week of trying to hammer out the details of what the new firm would look like, Fritts announced at a staff meeting late on Thursday that she would resign and start a new firm, “exacerbating questions about the future of the Podesta Group and its dozens of employees” as Politico politely puts it. Which, of course, is a less polite way of saying that the Podesta group is almost certain to be formally charged for the same violations that dragged down Manafort.

This post was published at Zero Hedge on Nov 10, 2017.