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The Pronk Pops Show 1352, November 5. 2019, Story 1: Ukraine Was Interfering in United States 2016 Election For DNC and Clinton and President Trump Wants This Interference Investigated by New Ukraine Government — Videos — Story 2: Ukraine Natural Gas Company Burisma Lobbied State Department To Stop Being Investigated By Invoking Hunter Biden’s Name — Videos — Story 3: United States Withdrawing From Paris Climate Accord Agreement — Videos– Story 4: Trump’s New Stump Speech — Why Trump is President? — One of Life’s Mysteries, Sir — Videos —

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Pronk Pops Show 1352 November 5, 2019

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Washington Post Super Bowl message: Democracy Dies in Darkness

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Story 1: Ukraine Government Officials Were Interfering in United States 2016 Election For Clinton and Democrat National Committee (DNC) And President Trump Wants This Interference Investigated by Current Ukraine General Prosecutor — Many Countries Including United States Provide Other Countries Aid (Quid) Provided They Meet Certain Conditions (Que) Such As Publicly Acknowledging There Will Be An Investigation of 2016 Election Interference and Ukraine Natural Gas Company Burisma — Videos

Iconic Quid Pro Quo

Joe Biden Brags about getting Ukranian Prosecutor Fired

What Gordon Sondland and Kurt Volker said about U.S. aid to Ukraine

Hannity: I have never talked to anyone from Ukraine

Biden sidesteps questions about son’s foreign work

Joe Biden’s son’s firm linked to Chinese government: New book

Testimony suggests “quid pro quo” relationship between Trump and Ukraine

Dems set to release new transcripts from two key impeachment figures

PBS News Hour full episode November 5, 2019

First excerpts of Gordon Sondland and Kurt Volker transcripts released

Story 2: Ukraine Natural Gas Company Burisma Lobbied State Department To Stop Being Investigated By Invoking Hunter Biden’s Name — Videos —

NEW MEMO ON UKRAINE: Hunter Biden & associates used State Department to kill Burisma investigation

Glenn Beck Lays Out the Case Against The Media

Biden’s Ukraine Scandal Explained I Glenn Beck

Big Lie Media Propaganda Exposed

Glenn Beck Presents: Democracy Does Die In Darkness

Glenn heads back to the chalkboard to explain how the media is intentionally misleading and, in some cases, blatantly lying to absolve the Democrats from what they’ve been doing in Ukraine. Glenn breaks down their case against President Trump and Rudy Giuliani, and he shows why that isn’t the real story. Glenn devastatingly dismantles the medias disinformation campaign brick by brick.

A look at Hunter Biden’s time in Ukraine

Everything You Need to Know About Hunter Biden

Biden’s son booted from Navy after a positive cocaine…

Hunter Biden’s Ukraine Gas Firm Urged Obama Admin To End Corruption Allegations, Report Says

DailyWire.com
JANUARY 30: President of the United States Barack Obama and Vice President Joe Biden and Hunter Biden (son of Joe Biden) talk during a college basketball game between Georgetown Hoyas and the Duke Blue Devils on January 30, 2010 at the Verizon Center in Washington DC.
Mitchell Layton/Getty Images

In February 2016, a representative from Burisma sought to meet with Undersecretary of State Catherine A. Novelli to discuss the allegations of corruption that the U.S. government was making toward the company, according to memos obtained by award-winning investigative reporter John Solomon.

“Just three weeks before Burisma’s overture to State, Ukrainian authorities raided the home of the oligarch who owned the gas firm and employed Hunter Biden, a signal the long-running corruption probe was escalating in the middle of the U.S. presidential election,” Solomon wrote. “Hunter Biden’s name, in fact, was specifically invoked by the Burisma representative as a reason the State Department should help, according to a series of email exchanges among U.S. officials trying to arrange the meeting.”

A February 24, 2016, email between State Department officials stated:

Per our conversation, Karen Tramontano of Blue Star Strategies requested a meeting to discuss with U/S Novelli USG remarks alleging Burisma (Ukrainian energy company) of corruption. She noted that two high profile U.S. citizens are affiliated with the company (including Hunter Biden as a board member). Tramontano would like to talk with U/S Novelli about getting a better understanding of how the U.S. came to the determination that the company is corrupt. According to Tramontano there is no evidence of corruption, has been no hearing or process, and evidence to the contrary has not been considered. Would appreciate any background you may be able to provide on this issue and suggested TPs for U/S Novelli’s meeting.

“Tramontano was a lawyer working for Blue Star Strategies, a Washington firm that was hired by Burisma to help end a long-running corruption investigation against the gas firm in Ukraine,” Solomon added. “Tramontano and another Blue Star official, Sally Painter, both alumni of Bill Clinton’s administration, worked with New York-based criminal defense attorney John Buretta to settle the Ukraine cases in late 2016 and 2017.”

Solomon notes that a meeting was scheduled for March 1, 2016, between Tramontano and Novelli, although it was not known whether or not the meeting actually occurred.

However, a meeting was reportedly secured between Hunter Biden’s business partner and fellow Burisma board member, Devon Archer, and Secretary of State John Kerry.

John Solomon@jsolomonReports

Breaking: Memos detailing Hunter Biden’s contacts with Obama State Department released. VP son’s Ukrainian gas firm pressed US officials to end corruption allegations … just a month before Joe Biden forced firing of prosecutor overseeing case.https://johnsolomonreports.com/hunter-bidens-ukraine-gas-firm-pressed-obama-administration-to-end-corruption-allegations-memos-show/ 

This entire ordeal surrounding the actions of former Vice President Biden and his son have cast a cloud over the Biden campaign that has undoubtedly at least partially contributed to his fall in the polls against his Democratic rivals.

Last year, Biden bragged to an audience about how he threatened Ukrainian President Petro Poroshenko in March 2016 that if he did not fire the prosecutor that was investigating Burisma that he would withhold $1 billion in U.S. aid from the country.

Iconic Quid Pro Quo

Joe Biden Brags about getting Ukrainian Prosecutor Fired

“I said, ‘You’re not getting the billion.’ I’m going to be leaving here in, I think it was about six hours. I looked at them and said: ‘I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money,’” Biden told the audience. “Well, son of a bitch, he got fired.”

President Donald Trump and his campaign have hammered Biden over his remarks, which were recorded on video, in advertisements on social media and in targeted markets.

Donald J. Trump

@realDonaldTrump

This is the real corruption that the Fake News Media refuses to even acknowledge!

 

Ukraine Gas Firm Tied to Biden Lobbied State Department to End Corruption Allegations, Emails Show

7 CommentsNovember 5, 2019 Updated: November 5, 2019

The Ukrainian gas firm that hired Hunter Biden lobbied the Department of State in early 2016, just one month before then-U.S. Vice President Joe Biden forced the firing of a Ukrainian prosecutor who was investigating the same company, according to documents obtained as part of a Freedom of Information Act lawsuit.

On Feb. 24, 2016, a State Department official sent an email discussing an overture from a representative for Burisma, the Ukrainian gas firm, to Undersecretary of State Catherine Novelli. The Burisma representative argued that the allegations against the company were baseless, according to an email chain released as part of a lawsuit filed by investigative journalist John Solomon. The Burisma representative specifically cited Hunter Biden’s name as the reason for why the allegations should stop.

Earlier that month in 2016, Ukrainian authorities seized the property of Mykola Zlochevsky, the owner of Burisma, according to Interfax Ukraine. The seizure included several of Zlochevsky’s homes and a Rolls-Royce Phantom car.

“Per our conversation, Karen Tramontano of Blue Star Strategies requested a meeting to discuss with U/S Novelli USG remarks alleging Burisma (Ukrainian energy company) of corruption,” the email between State Department officials, whose names are blacked out, stated. “She noted that two high profile U.S. citizens are affiliated with the company (including Hunter Biden as a board member).

“Tramontano would like to talk with U/S Novelli about getting a better understanding of how the U.S. came to the determination that the company is corrupt. According to Tramontano, there is no evidence of corruption, has been no hearing or process, and evidence to the contrary has not been considered.”

At the time the email was sent, Novelli was the third-highest-ranking official at the State Department. Karen Tramontano was the CEO of Bluestar Strategies, a consulting firm retained by Burisma to address the corruption charges against it in Ukraine.

The email chain shows that Tramontano was scheduled to meet Novelli on March 1, 2016. While it’s unclear if that meeting took place, on the following day, March 2, 2016, Hunter Biden’s business partner, Devon Archer, met with Secretary of State John Kerry, another email obtained by Solomon shows.

“Devon Archer coming to see S today at 3pm—need someone to meet/greet him at C Street,” an email from Kerry’s office manager states.

Archer’s meeting with Kerry is notable because Kerry’s stepson, Chris Heinz, recently told The Washington Post that he advised Archer and Biden “that working with Burisma was unacceptable.”

“The lack of judgment in this matter was a major catalyst for Mr. Heinz ending his business relationships with Mr. Archer and Mr. Biden,” Heinz spokesman Chris Bastardi told the newspaper.

Hunter Biden and Archer joined the board of Burisma in 2014. Bank records released as part of an unrelated lawsuit show that Rosemont Seneca Bohai, a firm operated by Archer, received more than $160,000 per month from Burisma starting in May 2016. Rosemont Seneca Bohai regularly sent funds to Hunter Biden, the records show.

The seizure of Zlochevsky’s assets took place on Feb. 2, 2014. At the time, top Ukrainian corruption prosecutor Viktor Shokin led the probe.

Oleksandr Onyshchenko, a businessman and former member of the Ukrainian Parliament, told Reuters that Zlochevsky came up with the idea to appoint Hunter Biden to the board “to protect [the company].”

Weeks after Burisma lobbied the State Department and Archer met with Kerry, Joe Biden forced the firing of Shokin by threatening to withhold $1 billion in U.S. loan guarantees; Biden bragged about the move during a videotaped speech on a panel last year.

In a sworn statement, Shokin said that he was fired under pressure from Biden because he, Shokin, refused to drop the Burisma investigation.

The allegations about Joe and Hunter Biden are in the public spotlight because of the ongoing impeachment inquiry into President Donald Trump. An anonymous whistleblower’s complaint that triggered the inquiry alleged that Trump may have pressured Ukraine to investigate the Bidens.

According to a transcript of the July 25 call between Trump and Ukrainian President Volodymyr Zelensky, Trump referenced Shokin’s firing when asking the Ukrainian leader to investigate the younger Biden.

The whistleblower alleged that Trump’s request to Zelensky may have amounted to a campaign finance violation. The Department of Justice reviewed the complaint and determined that no further action was necessary.

In an interview with ABC News, Hunter Biden admitted that joining Burisma was a political error, but defended his work. Biden stepped down from the board of Burisma in April, according to a statement from his lawyer.

https://www.theepochtimes.com/hunter-bidens-ukraine-gas-firm-lobbied-state-department-to-end-corruption-allegations-emails-show_3137480.html

US Attorney John Durham looking into Ukrainian involvement in 2016 election

A Department of Justice team led by U.S. Attorney John Durham is separately exploring the extent to which a number of countries, including Ukraine, played a role in the counterintelligence investigation directed at the Trump campaign during the 2016 election,” DOJ spokeswoman Kerri Kupec said Wednesday. “While the Attorney General has yet to contact Ukraine in connection with this investigation, certain Ukrainians who are not members of the government have volunteered information to Mr. Durham, which he is evaluating.”

Durham has been Barr’s right hand as the two look into the complicated and classified issues surrounding how an investigation into the Trump campaign’s alleged ties with Russia — dubbed “Crossfire Hurricane” — got its start, though the U.S. attorney from Connecticut has been virtually silent since his selection.

The DOJ’s statement comes as the White House released a transcript of the controversial July 25 phone call between President Trump and Ukrainian President Volodymyr Zelensky in which Trump suggests that Ukraine should investigate Biden and his son Hunter, who was on the board of a company owned by Ukrainian oligarch Mykola Zlochevsky. Zlochevsky was being investigated by top prosecutor Viktor Shokin, though it is in dispute how serious that investigation was. Trump also suggested that Ukraine should look into issues surrounding the alleged involvement of some Ukrainians in interfering in the 2016 presidential election.

Biden boasted in 2018 that, as vice president, he threatened to withhold $1 billion in U.S. loan guarantees if Ukraine didn’t fire Shokin, which Trump’s allies have said was because of the investigation, but Democrats have said was part of a U.S. and European effort to oust Shokin as ineffective and a hindrance to Ukraine’s anti-corruption investigations. Ukraine removed Shokin in 2016.

DOJ also made it clear that Trump never told Barr to contact Ukraine about any investigation of Biden, nor did Barr ever discuss these issues with Ukraine or with Trump’s attorney, Rudy Giuliani.

Trump gave Barr “ full and complete authority to declassify information” related to the origins of the Trump-Russia probe in May after Barr had infuriated Democrats when he said “spying did occur” on the Trump campaign and refused to backtrack. Republicans have alleged that foreign intelligence agencies, like those in Western Europe, may have played a role in eavesdropping on or otherwise monitoring Trump campaign associates in 2016.

Durham’s investigation is separate from the one that was just finished by DOJ Inspector General Michael Horowitz. The DOJ watchdog investigated allegations of abuses of the Foreign Intelligence Surveillance Act by the DOJ and FBI, and Horowitz has spoken with Durham, who is handling any criminal referrals from Horowitz’s investigation.

https://www.washingtonexaminer.com/news/u-s-attorney-john-durham-looking-into-ukrainian-involvement-in-2016-election

Joe Biden, His Son and the Case Against a Ukrainian Oligarch

Hunter Biden at a campaign event in 2008. He sits on the board of one of Ukraine’s largest natural gas companies.
Credit…Ozier Muhammad/The New York Times

WASHINGTON — When Vice President Joseph R. Biden Jr.traveled to Kiev , Ukraine, on Sunday for a series of meetings with the country’s leaders, one of the issues on his agenda was to encourage a more aggressive fight against Ukraine’s rampant corruption and stronger efforts to rein in the power of its oligarchs.

But the credibility of the vice president’s anticorruption message may have been undermined by the association of his son, Hunter Biden, with one of Ukraine’s largest natural gas companies, Burisma Holdings, and with its owner, Mykola Zlochevsky, who was Ukraine’s ecology minister under former President Viktor F. Yanukovych before he was forced into exile.

Hunter Biden, 45, a former Washington lobbyist, joined the Burisma board in April 2014. That month, as part of an investigation into money laundering, British officials froze London bank accounts containing $23 million that allegedly belonged to Mr. Zlochevsky.

Britain’s Serious Fraud Office, an independent government agency, specifically forbade Mr. Zlochevksy, as well as Burisma Holdings, the company’s chief legal officer and another company owned by Mr. Zlochevsky, to have any access to the accounts.

But after Ukrainian prosecutors refused to provide documents needed in the investigation, a British court in January ordered the Serious Fraud Office to unfreeze the assets. The refusal by the Ukrainian prosecutor general’s office to cooperate was the target of a stinging attack by the American ambassador to Ukraine, Geoffrey R. Pyatt, who called out Burisma’s owner by name in a speech in September.

“In the case of former Ecology Minister Mykola Zlochevsky, the U.K. authorities had seized $23 million in illicit assets that belonged to the Ukrainian people,” Mr. Pyatt said. Officials at the prosecutor general’s office, he added, were asked by the United Kingdom “to send documents supporting the seizure. Instead they sent letters to Zlochevsky’s attorneys attesting that there was no case against him. As a result, the money was freed by the U.K. court, and shortly thereafter the money was moved to Cyprus.”

Mr. Pyatt went on to call for an investigation into “the misconduct” of the prosecutors who wrote the letters. In his speech, the ambassador did not mention Hunter Biden’s connection to Burisma.

But Edward C. Chow, who follows Ukrainian policy at the Center for Strategic and International Studies, said the involvement of the vice president’s son with Mr. Zlochevsky’s firm undermined the Obama administration’s anticorruption message in Ukraine.

“Now you look at the Hunter Biden situation, and on the one hand you can credit the father for sending the anticorruption message,” Mr. Chow said. “But I think unfortunately it sends the message that a lot of foreign countries want to believe about America, that we are hypocritical about these issues.”

Speaking during a visit to Ukraine, Vice President Joseph R. Biden Jr. urged the country to weed corruption out of its system.CreditCredit…Mikhail Palinchak/Ukrainian Presidential Press Service

“Hunter Biden is a private citizen and a lawyer,” she said. “The vice president does not endorse any particular company and has no involvement with this company. The vice president has pushed aggressively for years, both publicly with groups like the U.S.-Ukraine Business Forum and privately in meetings with Ukrainian leaders, for Ukraine to make every effort to investigate and prosecute corruption in accordance with the rule of law. It will once again be a key focus during his trip this week.”

Ryan F. Toohey, a Burisma spokesman, said that Hunter Biden would not comment for this article.

It is not known how Mr. Biden came to the attention of the company. Announcing his appointment to the board, Alan Apter, a former Morgan Stanley investment banker who is chairman of Burisma, said, “The company’s strategy is aimed at the strongest concentration of professional staff and the introduction of best corporate practices, and we’re delighted that Mr. Biden is joining us to help us achieve these goals.”

Joining the board at the same time was one of Mr. Biden’s American business partners, Devon Archer. Both are involved with Rosemont Seneca Partners, an American investment firm with offices in Washington.

Mr. Biden is the younger of the vice president’s two sons. His brother, Beau, died of brain cancer in May. In the past, Hunter Biden attracted an unusual level of scrutiny and even controversy. In 2014, he was discharged from the Navy Reserve after testing positive for cocaine use. He received a commission as an ensign in 2013, and he served as a public affairs officer.

Before his father was vice president, Mr. Biden also briefly served as president of a hedge fund group, Paradigm Companies, in which he was involved with one of his uncles, James Biden, the vice president’s brother. That deal went sour amid lawsuits in 2007 and 2008 involving the Bidens and an erstwhile business partner. Mr. Biden, a graduate of Georgetown University and Yale Law School, also worked as a lobbyist before his father became vice president.

Burisma does not disclose the compensation of its board members because it is a privately held company, Mr. Toohey said Monday, but he added that the amount was “not out of the ordinary” for similar corporate board positions.

Asked about the British investigation, which is continuing, Mr. Toohey said, “Not only was the case dismissed and the company vindicated by the outcome, but it speaks volumes that all his legal costs were recouped.”

In response to Mr. Pyatt’s criticism of the Ukrainian handling of Mr. Zlochevsky’s case, Mr. Toohey said that “strong corporate governance and transparency are priorities shared both by the United States and the leadership of Burisma. Burisma is working to bring the energy sector into the modern era, which is critical for a free and strong Ukraine.”

Vice President Biden has played a leading role in American policy toward Ukraine as Washington seeks to counter Russian intervention in Eastern Ukraine. This week’s visit was his fifth trip to Ukraine as vice president.

Ms. Bedingfield said Hunter Biden had never traveled to Ukraine with his father. She also said that Ukrainian officials had never mentioned Hunter Biden’s role with Burisma to the vice president during any of his visits.

“I’ve got to believe that somebody in the vice president’s office has done some due diligence on this,” said Steven Pifer, who was the American ambassador to Ukraine from 1998 to 2000. “I should say that I hope that has happened. I would hope that they have done some kind of check, because I think the vice president has done a very good job of sending the anticorruption message in Ukraine, and you would hate to see something like this undercut that message.”

https://www.nytimes.com/2015/12/09/world/europe/corruption-ukraine-joe-biden-son-hunter-biden-ties.html

 

 

Burisma Holdings

From Wikipedia, the free encyclopedia

Jump to navigationJump to search

 
Private
Industry Oil and gas
Founded 2002
Founder Mykola Zlochevsky
Headquarters

,

Key people
Mykola Zlochevsky (President)
Taras Burdeinyi (CEO)[1]
Alan Apter (Chairman)[2]
Products Natural gas
Services Drilling
Owner Brociti Investments Limited
Subsidiaries Burisma Services
Aldea
Esko-Pivnich
Persha Ukrainska Naftogazova Kompaniya
GasOilInvest
KUB-Gas
Naftogaz Garant
Naftogazopromyslova geologiya
Pari
Nadragas
Nadragasvydobuvannya
SystemOilEngineering
Tehnokomservis
Website burisma-group.com/eng/

Burisma Holdings Limited (UkrainianБурісма ХолдингсGreekΜπουρίσμα Χόλντιγκς) is a holding company for a group of energy exploration and production companies. It is based in KyivUkraine, though registered in LimassolCyprus. Burisma Holdings has operated in the Ukrainian natural gas market since 2002. It is one of the largest private natural gas producers in Ukraine.[3][4] It is owned by Mykola Zlochevsky through his company Brociti Investments Limited (UkrainianБросіті Інвестментс Лімітед).

Burisma’s subsidiaries include Esko-Pivnich, Pari, Persha Ukrainska Naftogazova Kompaniya, Naftogaz Garant, KUB-Gas and Astroinvest-Ukraine.[5][6][7]

 

History

Burisma was founded in 2002.[8][9] Consolidation of the Burisma Group took place mainly in 2006 and 2007.[1] It became a major shareholder of Sunrise Energy Resources, a Delaware Corporation, which in 2004 acquired Ukrainian companies Esko-Pivnich (UkrainianЕско-Північ) and Pari (UkrainianПарі), which owned natural gas exploration licences.[10] In 2009, shares in these companies were transferred to Millington Solutions Limited.[10] However, shortly thereafter Millington ceased to exist, and Burisma claimed ownership of those two companies. In 2012, Persha Ukrainska Naftogazova Kompaniya (First Ukrainian Oil and Gas Company, UkrainianПерша Українська нафтогазова компанія), Naftogaz Garant (Oil and Gas Guarantee, UkrainianНафтогаз гарант), and KrymTopEnergoServis (CrimeaTopEnergoService, UkrainianКримтопенергосервіс) became a part of the Burisma Group.[11][12][13]

In 2014, Burisma signed a cooperation agreement with KazMunayGas, the national oil and gas company of Kazakhstan.[14] In 2016, Burisma bought two hydraulic fracturing (fracking) fleets.[15] In 2017, it bought a 3,000-horsepower Service King Manufacturing SK 3000 drilling rig for $40 million (USD); it was the most powerful drilling rig in Eastern Europe at the time.[16]

In February 2016, Burisma acquired a 70% stake in KUB-Gas (КУБ-Газ).[5] In 2017, it bought a majority stake in Diloretio Holdings Limited, a company which owned Ukrainian gas companies SystemOilEngineering (UkrainianСистемойлинжиниринг), Naftogazopromyslova geologiya, (Oil and Gas Industrial Geology, UkrainianНафтогазпромислова геологія), and Tehnokomservis (TechnoComService, UkrainianТехнокомсервіс).[17] Also in 2017, Burisma bought Nadragasvydobuvannya (Subsoil Gas Extraction, UkrainianНадрагазвидобування)[18] and GasOilInvest (Гасоілінвест).[19] In April 2019, Burisma acquired Astroinvest Ukraine (Астроінвест-Україна), a natural gas trader.[6]

In 2015, Burisma was one of the founders of the International Forum on Energy Security for the Future and partnered the Electric Marathon.[20] In 2017, it signed a partnership agreement with the Atlantic Council to promote anti-corruption measures.[21][22]

Operations

Burisma’s primary operations are in Ukraine, supplemented by activities in Germany, Mexico, Italy, and Kazakhstan.[15] It holds 35 gas production licences in Ukraine in the Dnieper-DonetsCarpathian, and AzovKuban Basins.[5][8] Exploration and production activities are carried out at eight sites in five regions.[23] Burisma also provides natural gas well services, including hydraulic fracturing.[15] Burisma plans to build a liquefied petroleum gas (LPG) plant in Kharkiv with a capacity of 50,000 tonnes per year.[7]

In 2016, Burisma was the second largest privately owned natural gas producer in Ukraine after DTEK,[4] accounting for 26% of all natural gas produced by privately owned companies and more than 5% of total gas production in Ukraine.[4][24] According to the company, it produced 1.3 billion cubic metres (4.6×1010 cubic feet) of natural gas in Ukraine in 2018.[8]

In Kazakhstan, the company has provided drilling services to KazMunayGas and its subsidiaries, including at the Urikhtau gas field.[25] In Italy, Burisma develops three geothermal power projects in partnership with Gesto Investimento e Gestão.[25]

Burisma’s subsidiary Esko-Pivnich operates in the Kharkiv Oblast, and Pari operates in Western Ukraine (LvivIvano-Frankivsk and Chernivtsi oblasts).[26] KUB-Gas operates in Luhansk Oblast,[5] GasOilInvest in Poltava Oblast,[19] and Nadragasvydobuvannya in Dnipropetrovsk Oblast.[27] Burisma also owned KrymTopEnergoServis, a company which leased three gas deposits in Crimea.[13][26][28] However, after annexation of Crimea by the Russian Federation, KrymTopEnergoServis ceased operation as Burisma subsidiary.[28]

Corporate matters

Ownership

Burisma Holdings is owned by Brociti Investments Limited, a Cyprus-based company owned by Ukrainian former politician and businessman Mykola Zlochevsky. Zlochevsky was minister of natural resources under Viktor Yanukovych, the president of Ukraine.[29] Brociti Investments acquired Burisma Holdings in 2011.[30] Before that acquisition, Mykola Zlochevsky and Mykola Lisin each owned a 50% interest in Burisma Holdings.[10][30][31] Lisin, a Ukrainian politician, died in a traffic accident in 2011.[31]

Management

Aleksander Kwaśniewski, former President of the Republic of Poland, was appointed to the board in January 2014.[32][33]

Taras Burdeinyi is the chief executive officer of Burisma Holdings,[1] and Alan Apter is chairman of the board of directors.[2] As of 14 October 2019, the members of the board of directors, in order of seniority, are Alan Apter, Aleksander KwaśniewskiJoseph Cofer Black , Karina Zlochevska, Christina Sofocleous, Riginos Charalampous, and Marina Pericleous.[2][34] Aleksander Kwaśniewski, former president of Poland, joined the board in January 2014.[32][33] In February 2016, Joseph Cofer Black, former director of the Counterterrorism Center of the Central Intelligence Agency (1999–2002) in the George W. Bush administration and former Ambassador-at-Large for counter-terrorism (2002–2004), was appointed to the board.[35] Karina Zlochevska, daughter of Mykola Zlochevskiy, was also appointed in February 2016.[2]

In April 2014, Devon Archer, a former senior adviser to the John Kerry 2004 presidential campaign, and Hunter Biden, an attorney and the son of then-US vice president Joe Biden, joined the board.[32][36] Archer left the company in 2018[37] and Biden left in April 2019, when his term as a director expired.[8]

Financial results

Burisma Holdings does not disclose its financial results.[8][15] It has been calculated, based on a minimal natural gas price, that the company’s revenue in 2018 may have totaled at least US$400 million.[8]

Investigations

Office of the Prosecutor General of Ukraine and National Anti-Corruption Bureau of Ukraine (NABU) have conducted in total 15 investigations on Burisma’s owner Zlochevsky.[38] In 2016, former Prosecutor General Yuriy Lutsenko accused Burisma subsidiaries of conspiracy and tax evasion about one billion hryvnias (US$70 million) in 2014–2015, but later during investigation subsidiaries of Burisma were not mentioned.[39] Tax audit of Esko-Pivnich by the State Fiscal Service found some violations in 2016. As a result, 50 million hryvnias (US$1.9 million) of additional taxes was paid to eliminate criminal charges.[39] In total, Burisma paid additional 180 million hryvnias (US$7.44 million) of taxes to avoid further criminal proceedings.[8][23] A criminal investigation was conducted if natural resources extraction licenses were issued to Burisma subsidiaries legally during the period Zlochevsky held government office. Although violations of the procedure were established by NABU, the Specialized Anti-Corruption Prosecutor’s Office missed procedural deadlines for a lawsuit and the case for nullifying licesenses was dismissed by the court.[39] In October 2019, Prosecutor General Ruslan Riaboshapka announced that all 15 investigation cases will be reviewed.[38]

See also

References

External links

https://en.wikipedia.org/wiki/Burisma_Holdings

Mykola Zlochevsky

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Mykola Zlochevsky
Микола Злочевський
ZlochevskiyN.jpg
12th Minister of Ecology and Natural Resources
In office
July 2, 2010 – April 20, 2012
Prime Minister Mykola Azarov
Preceded by Viktor Boiko
Succeeded by Eduard Stavytsky
deputy secretary for Economic and Social Security on the National Security and Defense Council
In office
April 20, 2012 – February 26, 2014
President Viktor Yanukovych
Secretary Andriy Klyuev
Personal details
Born
Микола Владиславович Злочевський

June 14, 1966 (age 53)
KievUkrainian SSR

Residence Monaco
Education International University of Business and Law in Kherson [uk] – Accounting and Auditing
Odessa Law Academy – Law Faculty
Known for Burisma Holdings
Zlochevski photo.jpg

Mykola Vladislavovich Zlochevsky (UkrainianМикола Владиславович Злочевський; born June 14, 1966 in Kiev) is a Ukrainian oligarch[1] businessman and politician who was Minister of Ecology and Natural Resources from July 2010 till April 2012 and was the deputy secretary for Economic and Social Security on the National Security and Defense Council from April 2012 until February 2014 when Euromaidan occurred.[2][3][4]

Biography

Business

In 2002, he co-founded the largest independent oil and natural gas company Burisma Holdings with Ukrainian businessman Mykola Lisin [uk].[5][6] Through his sole ownership of Cyprus-registered Burisma Holdings, he owns the Ukrainian gas and oil producers Aldea, Pari, Esko-Pivnich, and the First Ukrainian Petroleum Company and the investment group Brociti Investments.[7][8][9][10][11][12][excessive citations]

Governmental posts

Zlochevsky served as Ecology and Natural Resources Minister during the most of the first cabinet of Mykola Azarov,[3] and during both the later part of Azarov’s first government and all of Azarov’s second government, he served as deputy secretary on National Security and Defense Council (NSDC) of the President of Ukraine Viktor Yanukovych.[2]

Investigations

At the end of 2014, Zlochevsky fled Ukraine amid allegations of unlawful self enrichment and legalization of funds (Article 368-2, Criminal Code of Ukraine) during his tenure in public office.[13] At the end of 2016 the Central Criminal Court in London released $23 million that were blocked on accounts of Zlochevsky.[13][14] The Serious Fraud Office stated that the funds were released due to inadequate evidence.[13]

Zlochevsky returned to Ukraine in February 2018 after investigations into his Burisma Holdings had been completed in December 2017 with no charges filed against him.[10][15]

On April 18, 2018, recordings of conversations between President of UkrainePetro Poroshenko and Zlochevsky were released which implicated him in graft.[4][16][17]

On June 15, 2018, after the Solomyansky District Court in Kyiv had annulled the ruling of the Specialized Anti-Corruption Prosecutor’s Office (SAP) to close a criminal proceeding against him in 2017, Zlochevsky was accused of having illegally issued, while he was Ecology Minister in 2010–2012, oil and gas licenses to the companies that belonged to him.[18]

As of 2019, Zlochevsky is reported to live in Monaco.[14]

References

  1. ^ James Risen, James. “Joe Biden, His Son and the Case Against a Ukrainian Oligarch”. New York Times. Retrieved 6 October 2019.
  2. Jump up to:ab “Search for gas and oil is key task of Ecology Ministry, says PM”Interfax-Ukraine. April 23, 2012. Retrieved September 18, 2018.
  3. Jump up to:ab “Azarov orders new minister to develop environmental protection strategy”Interfax-Ukraine. May 3, 2012. Retrieved September 18,2018.
  4. Jump up to:ab “VIP-клієнти Миколи Злочевського (розслідування)”Radio Svoboda (in Ukrainian). February 2, 2017. Retrieved September 18, 2018.
  5. ^ Kupfer, Mark (April 13, 2018). “11 people control much of Ukraine’s oil and gas sector”Kyiv Post. Retrieved September 18, 2018.
  6. ^ Bullough, Oliver (April 12, 2017). “The money machine: how a high-profile corruption investigation fell apart”The Guardian. Retrieved September 18, 2018.
  7. ^ Timtchenko, Ilya (January 8, 2015). “Prosecutors put Zlochevsky, multimillionaire ex-ecology minister, on wanted list”Kyiv Post. Retrieved September 18, 2018.
  8. ^ Gorchinskaya, Katya; Andrushko, Serhiy (July 31, 2015). “Former Ukrainian Official On The Lam In Alligator Shoes?”VOA. Retrieved September 18, 2018.
  9. ^ “11 politically exposed persons own a quarter of all permits for extraction of oil and gas in Ukraine –Report: Who Owns the Oil and Gas Fields of Ukraine?”Anticorruption Action Centre. April 13, 2018. Retrieved September 18, 2018.
  10. Jump up to:ab “Burisma: all cases against group and group’s president Zlochevsky in Ukraine closed”Interfax-Ukraine. December 1, 2017. Retrieved September 18, 2018.
  11. ^ “Zlochevsky’s Brociti Investments formalizing control over two oil and gas companies”Interfax-Ukraine. Retrieved September 18, 2018.
  12. ^ “Burisma Holdings”PEP.ua.org. Retrieved September 19, 2018.
  13. Jump up to:abc Liliya Hryshko. Lifehack from Zlochevsky, how to return to Ukraine (Лайфхак від Злочевського – як повернутись в Україну). Deutsche Welle. 7 February 2017
  14. Jump up to:ab Roman Olearchyk; Max Seddon (29 September 2019). “Ukraine gas company feels heat of US impeachment probe”Financial Times. Retrieved 6 October 2019.
  15. ^ “Media: Ex-Minister of Ecology from the Yanukovych administration returned to Ukraine”. UA Wire. February 3, 2018. Retrieved September 18, 2018.
  16. ^ Sukhov, Oleg (April 20, 2018). “Onyshchenko releases alleged recording implicating Poroshenko, Zlochevsky in graft”Kyiv Post. Retrieved September 18, 2018.
  17. ^ “Ukraine’s presidential administration calls Onyshchenko recordings about Zlochevsky fake”Interfax-Ukraine. April 19, 2018. Retrieved September 18, 2018.
  18. ^ Romanyshyn, Yuliana (June 16, 2018). “Court reinstates case against Mykola Zlochevsky”Kyiv Post. Retrieved September 18, 2018.

External links

https://en.wikipedia.org/wiki/Mykola_Zlochevsky

Gordon Sondland

From Wikipedia, the free encyclopedia

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Gordon Sondland
Gordon Sondland official photo.jpg
United States Ambassador to the European Union
Assumed office
July 9, 2018
President Donald Trump
Preceded by Anthony L. Gardner
Personal details
Born
Gordon David Sondland

1957 (age 61–62)
SeattleWashington, U.S.

Political party Republican
Spouse(s) Katherine Durant
Education University of Washington (BA)

Gordon D. Sondland (born 1957)[1] is the United States Ambassador to the European Union.[2] He is also the founder and chairman of Provenance Hotels and co-founder of the merchant bank Aspen Capital. He was a major donor to Donald Trump’s 2016 presidential campaign, and testified to Congress in the Trump–Ukraine scandal.

Career

Provenance Hotels

Sondland’s company, Provenance Hotels, owns and manages hotels throughout the United States, including the Hotel Max and Hotel Theodore in Seattle, Washington; Hotel Murano in Tacoma, Washington; Hotel deLuxe, Hotel Lucia, Sentinel, Dossier, and Heathman Hotel in Portland, Oregon; The Hotel Preston in Nashville, Tennessee; and Old No. 77 Hotel and Chandlery in New Orleans, Louisiana.[3]

In 1998, Sondland purchased and redeveloped four hotels in Seattle, Portland, and Denver including Seattle’s Alexis Hotel in partnership with Bill Kimpton. Sondland also is a principal in Seattle’s Paramount Hotel.[4][5]Through Provenance Hotels, Sondland is developing hotel projects throughout the US, including in SeattleHermosa Beach, CA and Los Angeles, CA. Provenance Hotels specializes in adaptations of old buildings such as with the Hotel Murano in Tacoma, WA, which used to be a conference Sheraton, but now includes glass art by 46 artists including Seattle’s Dale Chihuly.[6] Provenance is also known for designing or remodeling each hotel around themes that contain elements that relate to a location’s history, art, culture, and local businesses.[7]

In 2013, Sondland and Provenance completed a renovation of Portland’s historic Governor Hotel, renaming it Sentinel.[8] In December 2015, Sondland and Provenance announced the establishment of the company’s first real estate investment fund, Provenance Hotel Partners Fund I. The $525 million fund was created specifically for hotel real estate investment and, at the time of its announcement, was the fourth largest fund ever launched in the state of Oregon.[9]

In 2017, Provenance Hotels expanded its practice of revitalizing and rebranding hotels with locally-inspired art and design as a service to other hoteliers.[10]

United States ambassador to the European Union

Sondland at the United States–EU Energy Council meeting in Brussels on July 12, 2018

Sondland donated $1 million to the inaugural committee of Donald Trump.[11] On March 12, 2018, the Wall Street Journal reported that President Trump selected Sondland to be the next United States ambassador to the European Union.[12] On May 10, 2018, the White House announced that Sondland’s nomination had been sent to the U.S. Senate.[13] He was confirmed by the Senate on June 28, 2018.[2] On July 9, 2018, Sondland presented his credentials at the European Commission and to President of the European Council Donald Tusk.[14]

Sondland’s nomination received bipartisan support during his confirmation hearing before the Senate Foreign Relations Committee on June 21, 2018.[15] Both Sen. Ron Wyden (D-Ore.) and Sen. Thom Tillis (R-N.C.) testified in support of Sondland.[16] Sen. Wyden suggested that Sondland’s “family history is both fascinating and instructive as to why he has the experience and understanding to serve as the U.S. Ambassador to the E.U.,” noting how his Jewish parents fled Nazi Germany before coming to the United States.[15][17]

As ambassador, Sondland has made strengthening US-EU trade relations a top priority.[18] He has supported using a strong US-EU economic partnership to counter what Sondland has called “economic aggression and unfair trade practices” from China.[19][20] In pursuit of this end, Sondland has promoted the idea of giving European governments access to the Committee on Foreign Investment in the United States (CFIUS) to allow them to better screen investors.[18]

Sondland has also pledged to work with the EU to address global security threats.[21] He has been the Trump Administration’s lead in talks with EU member countries on the U.S.’s decertification and withdrawal from the Iran Nuclear Deal.[22][23] Sondland has repeatedly criticized EU member countries’ creation of a “special purpose vehicle” (SPV) to bypass reimposed U.S. sanctions on Iran, calling the SPV a “paper tiger.”[22][24][25]

Sondland has also been a vocal opponent of the construction of Russia’s Nord Stream 2 pipeline, which would transport gas across the Baltic Sea to the EU.[26] He has argued that the pipeline would leave the EU dependent upon Russia for its energy needs and increase Russia’s leverage on key U.S. allies in NATO.[27] Sondland argued that “Putin uses energy as a political weapon. The EU should not rely on a bare-chested version of the Harry Potter villain Lord Voldemort as a supplier, even if his gas is a bit cheaper.”[28]

Sondland has also worked on data protection rules regarding U.S. compliance with the EU-US privacy shield.[29]

Trump–Ukraine scandal

Gordon Sondland as part of the U.S. delegation at the inauguration of Volodymyr Zelensky.

On September 26, 2019, the United States House Permanent Select Committee on Intelligence released the unclassified text of the whistleblower complaint regarding the interactions between US President Donald Trump and Ukrainian President Volodymyr Zelensky.[30] In this document, Ambassador Sondland, along with the U.S. Special Representative for Ukraine Negotiations, Ambassador Kurt Volker, were described as having “provided advice to the Ukrainian leadership about how to ‘navigate’ the demands that the President had made of Mr. Zelenskyy”.[31] After further investigation, The Washington Post concluded that Sondland had “seized control of the Ukraine portfolio to help Trump.”[32]

In the complaint released by the US Select committee on Intelligence, Sondland’s involvement in President Donald Trump’s alleged criminal activity was outlined in a text conversation with the interim US chargé d’affaires for Ukraine Bill Taylor:

[9/9/2019, 12:47:11 AM] Bill Taylor: As I said on the phone, I think it’s crazy to withhold security assistance for help with a political campaign.

[9/9/2019, 5:19:35 AM] Gordon Sondland: Bill, I believe you are incorrect about President Trump’s intentions. The President has been crystal clear no quid pro quo’s of any kind. The President is trying to evaluate whether Ukraine is truly going to adopt the transparency and reforms that President Zelensky promised during his campaign I suggest we stop the back and forth by text If you still have concerns I recommend you give Lisa Kenna or S a call to discuss them directly. Thanks.[33]

It took Sondland approximately 5 hours to reply to Taylor’s text message, and it was later revealed that Sondland had called Trump prior to writing a response, in which the president repeated the phrase “no quid pro quo” several times.[34]

On October 8, the Trump administration attempted to block Sondland from testifying in the impeachment inquiry against Donald Trump.[35] Sondland testified October 17, 2019.[36][37][38][39][40][41]

On November 5, the New York Times reported that Sondland had provided updated testimony stating that he did in fact view delivery of the aid package as contingent upon the Ukrainian government publicly opening the anticorruption investigation desired by the Trump administration. According to the testimony, he relayed this position to Ukrainian government officials.[42]

Deputy Assistant to the President and Senior Director for Europe and Russia on the National Security Council staff Fiona Hill viewed Sondland as a U.S. national security risk because he was so unprepared for his job, but did not accuse Sondland of acting maliciously or intentionally putting the country at risk, describing him during impeachment testimony as a Trump donor-turned-ambassador.[43]

Political involvement

Sondland was a member of the transition team for Oregon Democratic Governor Ted Kulongoski‘s administration and was appointed by Kulongoski to serve on the board of the Governor’s Office of Film & Television.[44] He was appointed the commission’s chair in 2002 and has served in that capacity until 2015.[45] During his tenure on the film board, Sondland was instrumental in bringing the production of such television series as LeverageThe Librarians and Grimm to Oregon[46] and presided over the state securing the production of feature-length films such as Wild starring Reese Witherspoon, Thumbsucker starring Tilda Swinton and The Ring Two starring Naomi Watts. At the 2015 Oregon Film Annual Governor’s Awards, Sondland received the “Achievement in Film Service Award” for his role in growing Oregon’s film industry.[47]

Sondland also served as Oregon liaison to the White House. As an advisor to Kulongoski, Sondland suggested appointing Ted Wheeler as state treasurer, which Kulongoski did in 2010.[48] In 2007 President George W. Bush appointed Sondland as a member of the Commission on White House Fellows.[49] Sondland collaborated with President Bush and Jay Leno on an annual charitable auction of an autographed vehicle, with proceeds benefitting the Fisher House Foundation and the George W. Bush Foundation’s Military Service Initiative.[50] He was a bundler for Mitt Romney’s 2012 Presidential campaign, and in 2012, Sondland was selected to serve as a member of Mitt Romney‘s presidential transition team.[1]

During the 2016 United States presidential election, Sondland initially supported Donald Trump, but cancelled a fundraiser and repudiated Trump for his attacks on Khizr and Ghazala Khan.[1] In April 2017, it was revealed that 4 companies registered to Sondland donated $1 million to the Donald Trump inaugural committee.[51][52][53]

Philanthropy

Sondland is a former member of the board of trustees at the Oregon Health & Science University foundation.[44]

Sondland founded the Gordon Sondland and Katherine J. Durant Foundation in 1999, which was established to “help families and boost communities”; it has given money to various non-profits including $1,000,000 to the Portland Art Museum to endow permanent access for children under the age of eighteen.[54] The Foundation helped establish a Distinguished Chair in Spine for pediatric orthopedic spine research at the Texas Scottish Rite Hospital for Children in 2012.[citation needed] In 2014, the Foundation gave a $1,000,000 endowment to Oregon Health & Science University to establish the Sondland-Durant Distinguished Research Conference, a cancer research summit to begin in 2016.[55] In 2017, the Center for Innovation and Entrepreneurship at Duke University was created with the support of the Foundation.[citation needed]

Personal life

Sondland was born in Seattle, Washington, the son of Frieda (Piepsch) and Gunther Sondland.[56] He is married to Katherine Durant, who is the founder and managing partner of Atlas/RTG, a holding company with a portfolio of shopping centers throughout Oregon.[citation needed] Sondland is Jewish.[15][17] Until 2016, Durant was the Chairperson of the Oregon Investment Council, the body that oversees the over $85 billion Public Employees Retirement System Fund.[57] They have two children.

See also

References…

https://en.wikipedia.org/wiki/Gordon_Sondland

Memorandum of conversation

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Example: Memorandum of conversation of meeting led by Brent Scowcroft (1976)

Memorandum of conversation (abbrev.: MEMCON) and also memorandum of a conversation and memo to the file refers to a method of contemporaneous documentation of a conversation in the form of a memorandum used by the United States federal government.[1][2]

The Weekly Standard characterized the use of the tactic in the U.S. government as among “the most basic ways of Washington”.[2]

 

Method

Typically an individual will document the events of the conversation as soon as possible after the occurrence.[1] All material statements and discussed items are quoted and described as accurately as possible soon after the discussion and filed for future reference.[1] Memcons function as documentation of historical events, such as conversations between heads of state and law enforcement officials.[3] Specific developments discussed, the time of the meeting, location, and individuals in attendance are all documented in-depth within the memo.[1][2]

United States Department of Justice attorneys and Federal Bureau of Investigation special agents commonly make use of memoranda of conversation.[1] A majority of intermediate-rank managerial staff and bureaucrats within the U.S. federal government consistently make use of the method. The creation of a memorandum of understanding allows federal employees to memorialize and keep a record of their conversations and transactions.[2]

Memoranda to file are used in investigations in the private sector. For example, the fraud unit of a large corporation may use memoranda to file, to report individual interviews and significant telephone conversations. Generally, “the memorandum will show the name of the author, date of preparation, the case name or number, and the specific subject covered. It will also contain the detailed narrative of the event, interview, or other investigative activity described and should be written as close in time as circumstances permit to those events.”[4]

History

Former Deputy Assistant to the President for National Security Affairs and subsequently Assistant to the President for National Security Affairs, Brent Scowcroft, who served as such in the U.S. presidential administration of Gerald R. Ford, kept copious documentation of his meetings in the form of memorandum of conversation.[3] He would take handwritten notes, and immediately have them transcribed in typewritten format with the assistance of his staff from the United States National Security Council.[3] The Gerald R. Ford Presidential Library and Museum contains over 1,000 such memorandum of conversation documents relating to the Presidency of Richard Nixon and Presidency of Gerald Ford, mainly related to national security of the United States.[3]

See also

References

  1. Jump up to:a b c d e O’Donnell, Lawrence (May 16, 2017), “MEMCON”, The Last Word with Lawrence O’DonnellMSNBC
  2. Jump up to:a b c d Felten, Eric (May 17, 2017), “A Brief History of the ‘Memo to the FileThe Weekly Standard
  3. Jump up to:a b c d “Summary Description”National Security Adviser. Memoranda of Conversations, 1973-1977Gerald R. Ford Presidential Library and Museum, retrieved May 17, 2017
  4. ^ Sennewald, Charles A.; Tsukayama, John K. (2015), The Process of Investigation: Concepts and Strategies for Investigators in the Private Sector (4th ed.), Butterworth-Heinemann, pp. 189–90, ISBN 978-0128001660

External links

https://en.wikipedia.org/wiki/Memorandum_of_conversation

Story 3: United States Withdrawing From Paris Climate Accord Agreement — Videos

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Mike Pompeo formally starts process of leaving the Paris climate change treaty – with U.S. due out the day AFTER the 2020 election

  • Mike Pompeo formally starts process of removing the U.S. from the 2015 Paris Climate Treaty
  • Donald Trump had announced that he would pull out of it  shortly after his election but this is first legal opportunity to start process of getting out
  • State Department wrote formal letter to United Nations Secretary General Antonio Guterres
  • That started the clock on a process that would be completed one day after the 2020 U.S. presidential election, on November 4, 2020

The United States has begun the process of pulling out of the landmark 2015 Paris climate agreement, it was announced Monday.

Secretary of State Mike Pompeo said that he submitted a formal notice to the United Nations. That starts a withdrawal process that does not become official for a year. His statement touted America’s carbon pollution cuts and called the Paris deal an ‘unfair economic burden’ to the U.S. economy.

Nearly 200 nations signed the climate deal in which each country provides its own goals to curb emissions of heat-trapping gases that lead to climate change.

‘In international climate discussions, we will continue to offer a realistic and pragmatic model – backed by a record of real world results – showing innovation and open markets lead to greater prosperity, fewer emissions, and more secure sources of energy,’ Pompeo said in a statement.

The U.S. started the process with a hand-delivered letter, becoming the only country to withdraw. The United Nations will soon set out procedural details for what happens next, UN deputy spokesman Farhan Haq said.

Agreement rules prevented any country from pulling out in the first three years after the Nov. 4, 2016, ratification. The U.S. withdrawal doesn’t become complete until the day after the 2020 election.

President Donald Trump has been promising withdrawal for two years, but Monday was the first time he could actually do it.

Out: Donald Trump's administration formally started the process of leaving the Paris Climate accord signed by Obama in 2015

Out: Donald Trump’s administration formally started the process of leaving the Paris Climate accord signed by Obama in 2015

Opposed: Mike Pompeo was on the receiving end of criticism for his decision to pull the U.S. out of Paris, with one environmentalist group saying the next president will have to rejoin it+4

Opposed: Mike Pompeo was on the receiving end of criticism for his decision to pull the U.S. out of Paris, with one environmentalist group saying the next president will have to rejoin it

Opposed: Mike Pompeo was on the receiving end of criticism for his decision to pull the U.S. out of Paris, with one environmentalist group saying the next president will have to rejoin it

Trump’s decision was condemned as a reckless failure of leadership by environmental experts, activists and critics such as former New York City Mayor Michael Bloomberg.

‘Donald Trump is the worst president in history for our climate and our clean air and water,’ said Michael Brune, the executive director of the Sierra Club. ‘Long after Trump is out of office his decision to withdraw the United States from the Paris Agreement will be seen as a historic error.’

The agreement set goals of preventing another 0.9 degrees (0.5 degrees Celsius) to 1.8 degrees (1 degree Celsius) of warming from current levels. Even the pledges made in 2015 weren’t enough to prevent those levels of warming.

The deal calls for nations to come up with more ambitious pollution cuts every five years, starting in November 2020. Because of the expected withdrawal, the U.S. role in 2020 negotiations will be reduced, experts said.

Climate change, largely caused by the burning of coal, oil and gas, has already warmed the world by 1.8 degrees (1 degree Celsius) since the late 1800s, caused massive melting of ice globally, triggered weather extremes and changed ocean chemistry. And scientists say, depending on how much carbon dioxide is emitted, it will only get worse by the end of the century, with temperatures jumping by several degrees and oceans rising by close to 3 feet (1 meter).

Trump has been promising to pull out of the Paris deal since 2017, often mischaracterizing the terms of the agreement, which are voluntary. In October, he called it a massive wealth transfer from America to other nations and said it was one-sided.

That’s not the case, experts said.

The European Union’s goal was to cut carbon pollution in 2030 by 40% compared with 1990 levels, which is greater than America’s pledge, said Rob Jackson, a Stanford University professor and chairman of the Global Carbon Project. The United Kingdom has already exceeded that goal, he said.

Many critics of the Paris agreement say America is the leader in cutting carbon emissions, but that’s not true.

Since 2005, the United States isn’t in the top 10 in percentage of greenhouse gas emission reductions. The United Kingdom, France, Sweden, Spain, Portugal, Italy, Ireland, Hungary, Greece, the Czech Republic and other nations have done better, said Jackson, who tracks emissions.

‘The U.S. agreement is not a tax on the American people. There is no massive wealth transfer,’ said Climate Advisers CEO Nigel Purvis, who was a lead State Department climate negotiator in the Clinton and George W. Bush administrations. ‘In fact, the agreement obligates no country to make any financial payments.’

It will be inconvenient: Former Vice President Al Gore, who made climate change his signature issue, characterized the decision as a mistake but said there was still reason for hope. 'No one person or party can stop our momentum to solve the climate crisis,' he said

It will be inconvenient: Former Vice President Al Gore, who made climate change his signature issue, characterized the decision as a mistake but said there was still reason for hope. ‘No one person or party can stop our momentum to solve the climate crisis,’ he said

Pompeo said U.S. net greenhouse gas emissions dropped 13% from 2005 to 2017 ‘even as our economy grew over 19 percent.’

Then, in 2018, carbon dioxide emissions increased 2.7%, according to the Energy Information Administration, mostly due to extreme weather and the economy.

The reason for the long-term emissions drop is because the U.S. is using less coal and has tightened air quality standards, while Trump is pushing for more coal and loosening those standards, said Michael Gerrard, who heads Columbia Law School’s climate change legal center.

For the U.S. – the second biggest carbon polluter – to be in line with Paris goals greenhouse gas emissions have to drop 80%, not 13%, Gerrard said.

‘The Trump Administration’s abandonment of action on climate change gives other countries an excuse not to act either. They ask – if the richest country, the one that has contributed the most to the load of greenhouse gases in the atmosphere, isn’t willing to act, why should we?’ Gerrard said. ‘If someone other than Donald Trump is elected, he or she will almost certainly rejoin Paris, and the rest of the world will welcome us back with open arms.’

Former Vice President Al Gore, who made climate change his signature issue, characterized the decision as a mistake but said there was still reason for hope.

‘No one person or party can stop our momentum to solve the climate crisis,’ Gore said. ‘But those who try will be remembered for their complacency, complicity, and mendacity in attempting to sacrifice the planet for their greed.’

https://www.dailymail.co.uk/news/article-7649093/US-tells-UN-bidding-adieu-Paris-climate-deal.html

U.S. Formally Begins To Leave The Paris Climate Agreement

 

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The Pronk Pops Show 1351, November 4, 2019, Story 1: Two Trump Administration National Security Council Lawyers and Two White House Staff Refuse To Testify and House Releases Chairman Schiff Selected Five Hundred Pages of Testimony From House Intelligence Committee — All U.S. Ambassador Serve At The Pleasure of The President — Can Be Fired At Any Time — Elections Have Consequences — Videos — Story 2: President Trump Answers Press Questions on Whistle-blowers, Lying Adam Schiff and Barr and Durham Investigation — The Name of Hearsay Phony Whistle-Blower and Leaker of Classified Information is Eric Ciaramella, Partisan Democrat and Advised Joe Biden on Ukraine — Videos

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Story 1: Two Trump Administration National Security Council Lawyers and Two White House Staff Refuse To Testify and House Releases Chairman Schiff Selected Five Hundred Pages of Testimony of From House Intelligence Committee — All U.S. Ambassador Serve At The Pleasure of The President — Can Be Fired At Any Time — Elections Have Consequences — Videos — 

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House Dems begin releasing transcripts of closed-door testimony

House Democrats release first transcripts of closed-door testimony

 

The House committees leading the impeachment probe released the first set of transcripts of testimony by witnesses who appeared behind closed doors last month. Marie Yovanovitch, the former U.S. ambassador to Ukraine, and Michael McKinley, a former top adviser to Secretary of State Mike Pompeo, both told lawmakers about their experiences with U.S. policy toward Ukraine.

November 4, 2019 – PBS NewsHour full episode

Jim Jordan speaks out on his possible move to House Intel Committee

Steve Bannon predicts Trump impeachment fallout in Fox News exclusive

Over 100 House Republicans back bill to censure Adam Schiff

Jim Jordan makes explosive accusation against Schiff

Giuliani claims he has Ukrainian docs showing ‘collusion’ with top Dems

Giuliani slams ‘swamp media’, says it’s time to fight back against Dems

Biden sidesteps questions about son’s foreign work

Joe Biden’s son’s firm linked to Chinese government: New book

Iconic Quid Pro Quo

Joe Biden Brags about getting Ukranian Prosecutor Fired

Clip: Biden on the Obama Administration’s Response to Russia

Foreign Affairs Issue Launch With Joe Biden

White House officials refusing to testify Monday in impeachment inquiry: report

White House officials refusing to testify Monday in impeachment inquiry: report
© Getty Images

Four White House officials will not show up for scheduled closed-door depositions on Monday as part of the ongoing impeachment inquiry into President TrumpCNN reports.

An unidentified source told the network that National Security Council lawyers John Eisenberg and Michael Ellis will not testify.

Two other officials, Robert Blair, assistant to the president and senior adviser to acting White House chief of staff Mick Mulvaney, and Brian McCormack, associate director for natural resources energy and science at the Office of Management and Budget, had already declined to testify, outlets reported Saturday.

Blair’s attorney, Whit Ellerman, also told Politico his client would still not show up if subpoenaed, adding that “direction from the White House and advice from [the Department of Justice] cover subpoena.”

Two other Office of Management and Budget officials, Michael Duffey and Russell Vought, will not show up to testimonies later this week, a source with knowledge of the situation told CNN.

Outgoing Energy Secretary Rick Perry refused to a request to testify Wednesday as part of the inquiry, a spokeswoman for his department, Shaylyn Haynes, told The Hill on Friday.

The White House did not immediately respond for comment in response to the officials not testifying.

The House Intelligence Committee issued subpoenas on Sunday for Ellis and Blair to appear before the panel, according to an official familiar with the inquiry.

House Democrats have called in witnesses to testify in closed-door depositions before three House committees leading the probe for weeks. The House voted last week largely along party lines in favor of an impeachment resolution, with just two Democrats joining all Republicans in voting against the measure.

House Intelligence Committee Chairman Adam Schiff, a California Democrat leading the inquiry, has said public testimonies will begin soon but has not given a specific timeline.

The inquiry is centered around Trump’s alleged solicitation of foreign interference in the 2020 election, with a focus on the president’s communications with Ukraine. He has repeatedly denied any wrongdoing

https://thehill.com/homenews/administration/468797-white-house-officials-refuse-to-testify-in-impeachment-inquiry

‘Go big or go home’: Impeachment inquiry transcripts reveal how Ukraine ambassador was told to tweet her support for Donald Trump by his hotel millionaire EU ambassador – then was ousted when she didn’t

  • Democrat-led House committees released first two transcripts of interviews
  • Testimony was behind closed doors, offering Trump a chance to complain about fairness and transparency
  • First transcripts cover testimony from former ambassador to Ukraine and a former aide to Secretary of State Mike Pompeo 
  • Former ambassador: Trump wanted me out and no one at State stood up for me 
  • Ambassador to the EU told her ‘Go big or go home’ and told her to praise the president publicly, which she didn’t

The Democrat-led House committees in charge of an impeachment inquiry targeting Donald Trump released two transcripts on Monday, the first records of closed-door interviews about the president’s links with Ukraine.

They painted a picture of a U.S. ambassador in a former Soviet republic with no defenders after she failed to praise the president – and who told lawmakers she felt ‘threatened’ by the president, her ultimate boss.

U.S. ambassador to the European Union told then-ambassador to Ukraine Marie Yovanovitch, she told lawmakers, to ‘Go big or go home,’ meaning that she should publicly profess her support for the president.

She didn’t, alienating Trump’s attorney Rudy Giuliani who led a push to oust her. Yovanovitch went home when Trump recalled her in June, ending her diplomatic career.

The president tweeted Sunday night that he suspected transcripts reaching the public could be altered by the Democrats who want to oust him – especially California Rep. Adam Schiff.

Witnesses before congressional committees are permitted to review transcripts of their testimony and approve them before their release.

Democratic Rep. Adam Schiff, chairman of the House Intelligence Committee is the driving force behind the impeachment inquiry targeting President Donald Trump; his committee released two transcripts from interviews held behind closed doors

Trump, pictured Sunday talking to reporters at the White House, believes he's being railroaded by partisans in a 'witch hunt'

Yovanovitch and Michael McKinley, a former adviser to Secretary of State Mike Pompeo, sat with committee members and staff in October.

The transcript of Yovanovitch’s interview shows her telling lawmakers that the Trump-appointed ambassador to the European Union, hotelier Gordon Sondland, advised her to tweet out her support for President Trump.

‘He said, you know, you need to go big or go home. You need to, you know, tweet out there that you support the President, and that all these are lies and everything else,’ she said of one conversation.

‘And, you know, so, you know, I mean, obviously, that was advice. It was advice that I did not see how I could implement in my role as an Ambassador, and as a Foreign Service Officer.’

She was asked: ‘Did he actually say, ‘support President Trump’? Was that his advice, that you publicly say something to that effect?’

Yovanovitch responded: ‘Yes. I mean, he may not have used the words ‘support President Trump,’ but he said: You know the President. Well, maybe you don’t know him personally, but you know, you know, the sorts of things that he likes. You know, go out there battling aggressively and, you know, praise him or support him.’

Ultimately Trump lawyer Rudy Giuliani led a push to have her removed.

Ukrainian officials had warned her in advance that Rudy Giuliani and other allies of President Donald Trump were planning to ‘do things, including to me’ and were ‘looking to hurt’ her, she said.

The former envoy, who was pushed out of her job in May on Trump’s orders, testified that a senior Ukrainian official told her that ‘I really needed to watch my back.’

Yovanovitch she said was told by Ukrainian officials last November or December that Giuliani, the president’s personal lawyer, was in touch with Ukraine’s former top prosecutor, Yuri Lutsenko, ‘and that they had plans, and that they were going to, you know, do things, including to me.’

She said she was told Lutsenko ‘was looking to hurt me in the U.S.’

Former U.S. ambassador to Ukraine Marie Yovanovitch testified on October 11 that Trump attorney Rudy Giuliani led a campaign to oust her and that she was advised to become an outwardly fawning cheerleader for the president

Michael McKinley, the former top aide to Secretary of State Mike Pompeo, fielded questions from the House Foreign Affairs, Intelligence and Oversight committeees on October 16

Yovanovitch told the investigators that the campaign against her, which included an article that was retweeted by Donald Trump Jr., undermined her ability to serve as a ‘credible’ ambassador and she wanted Secretary of State Mike Pompeo to issue a statement defending her. But no statement was issued.

She testified that a State Department official named Philip Reeker told her that as Giuliani’s campaign wore on, Pompeo conveyed he could no longer insulate her from Trump’s desire to send her packing.

‘Mr. Reeker said that I, you know, I would need to leave. I needed to leave as soon as possible. That apparently, as I stated in my statement, the President had been – had wanted me to leave since July of 2018 … and that the Secretary had tried to protect me but was no longer able to do that,’ she said in her testimony.

‘Who had concerns as of July 2018?’ a lawmaker asked her. ‘President Trump,’ she responded.

‘And was that the first that you had heard of that?’ the lawmaker followed up. Yovanovitch said it was, and ‘I was shocked.’

At one point in April, Yovanovitch said she received a call from Carol Perez, a top foreign service official, at around 1 a.m. Ukraine time, abruptly telling her she needed to immediately fly back to Washington. Yovanovitch said when she asked why, Perez told her, ‘I don’t know, but this is about your security. You need to come home immediately. You need to come home on the next plane.’

Yovanovitch said she didn’t think Perez meant it was to protect her physical security. Instead, Yovanovitch said, Perez told her it was for ‘my well-being, people were concerned.’

 I don’t know, but this is about your security. You need to come home immediately. You need to come home on the next plane
What State Department official told Marie Yovanovich

The former envoy stressed to investigators that she was not disloyal to the president.

‘I have heard the allegation in the media that I supposedly told our embassy team to ignore the President’s orders since he was going to be impeached,’ she said. ‘That allegation is false.’

She answered ‘no’ when asked point blank if she’d ever ‘badmouthed’ Trump in Ukraine, and said she felt U.S. policy in Ukraine ‘actually got stronger’ because of Trump’s decision to provide lethal assistance to the country, military aid that later was held up by the White House as it pushed for investigations into Trump’s political foes.

Under friendly questioning from Democratic Rep. Sean Patrick Maloney of New York, Yovanovitch said she considered herself good at her job and had been there more than three years and that her bosses at the State Department wanted to extend her tour.

‘It seems to me they threw you to the wolves. Is that what happened?’ Maloney asked.

Yovanovitch replied: ‘Well, clearly, they didn’t want me in Ukraine anymore.’

Long hours into her testimony, Yovanovitch was asked why she was such ‘a thorn in their side’ that Giuliani and others wanted her fired.

‘Honestly,’ she said, ‘it’s a mystery to me.’

Yovanovitch was also asked about the call between Trump and Zlensky which took place after she was removed from her post and was released by the White House after the whistleblower complaint was made public.

In it Trump told the Ukrainian president: ‘The former ambassador from the United States, the woman, was bad news and the people she was dealing with in the Ukraine were bad news, so I just want to let you know that.’

She told the Democratic majority’s counsel: ‘I was shocked. I mean, I was very surprised that President Trump would—first of all, that I would feature repeatedly in a Presidential phone call, but secondly, that the President would speak about me or any ambassador in that way to a foreign counterpart.’

Yovanovitch was asked if she felt threatened and said: ‘Yes.’

She added: ‘ I was wondering you know, soon after this transcript came out there was the news that the IG [Inspector General of the Intelligence Community] brought to this committee, all sorts of documentation, I guess, about me that had been transferred to the FBI.

‘You know , I was wondering, i s there an active investigation against me in the FBI? I don’t know.’ She added that friends were ‘very concerned’ for her personal safety.

Yovanovitch said that she was generally shocked by the way the Trump administration threw the State Department into chaos.

‘You know … you’re going to think that I’m incredibly naive, but I couldn’t imagine all of the things that have happened over the last 5 or 7 months,’ she said. ‘I just couldn’t imagine it.’

She pushed back robustly on claims made by Republican questioners that she was biased against Trump and that she ordered the ‘monitoring’ of a string of conservative figures.

House Intelligence Committee Chairman Adam Schiff says his panel and others are releasing the transcripts so ‘the American public will begin to see for themselves’ what evidence exists that Trump may have committed an impeachable offense.

President Donald Trump suggested Sunday that transcripts coming out of Democrat-led committees could be doctored to make him look worse; witnesses are invited to read and approve of such records before their release by Congress

President Donald Trump suggested Sunday that transcripts coming out of Democrat-led committees could be doctored to make him look worse; witnesses are invited to read and approve of such records before their release by Congress

Republicans have called for the release of the transcripts, which they believe will show Trump acted appropriately and lawfully during a now-famous July 25 call with Ukraine President Volodymyr Zelensky.

Trump claimed Sunday that ‘[i]f Shifty Adam Schiff, who is a corrupt politician who fraudulently made up what I said on the ‘call,’ is allowed to release transcripts of the Never Trumpers & others that are & were interviewed, he will change the words that were said to suit the Dems purposes.’

‘Republicans should give their own transcripts of the interviews to contrast with Schiff’s manipulated propaganda,’ the president urged.

‘House Republicans must have nothing to do with Shifty’s rendition of those interviews. He is a proven liar, leaker & freak who is really the one who should be impeached!’

Members of Congress can be investigated for ethics violations, and they can be expelled by a vote of their peers, but they cannot be impeached.

https://www.dailymail.co.uk/news/article-7648543/Democrats-impeachment-inquiry-releases-hundreds-pages-transcripts-two-witnesses.html

This Impeachment Subverts the Constitution

It’s nakedly political and procedurally defective, and so far there’s no public evidence of high crimes.

Rep. Adam Schiff speaks beside Speaker Nancy Pelosi on Capitol Hill, Oct. 15. PHOTO: CARLOS JASSO/REUTERS

Speaker Nancy Pelosi has directed committees investigating President Trump to “proceed under that umbrella of impeachment inquiry,” but the House has never authorized such an inquiry. Democrats have been seeking to impeach Mr. Trump since the party took control of the House, though it isn’t clear for what offense. Lawmakers and commentators have suggested various possibilities, but none amount to an impeachable offense. The effort is akin to a constitutionally proscribed bill of attainder—a legislative effort to punish a disfavored person. The Senate should treat it accordingly.

The impeachment power is quasi-judicial and differs fundamentally from Congress’s legislative authority. The Constitution assigns “the sole power of impeachment” to the House—the full chamber, which acts by majority vote, not by a press conference called by the Speaker. Once the House begins an impeachment inquiry, it may refer the matter to a committee to gather evidence with the aid of subpoenas. Such a process ensures the House’s political accountability, which is the key check on the use of impeachment power.

The House has followed this process every time it has tried to impeach a president. Andrew Johnson’s 1868 impeachment was predicated on formal House authorization, which passed 126-47. In 1974 the Judiciary Committee determined it needed authorization from the full House to begin an inquiry into Richard Nixon’s impeachment, which came by a 410-4 vote. The House followed the same procedure with Bill Clinton in 1998, approving a resolution 258-176, after receiving independent counsel Kenneth Starr’s report.

Mrs. Pelosi discarded this process in favor of a Trump-specific procedure without precedent in Anglo-American law. Rep. Adam Schiff’s Intelligence Committee and several other panels are questioning witnesses in secret. Mr. Schiff has defended this process by likening it to a grand jury considering whether to hand up an indictment. But while grand-jury secrecy is mandatory, House Democrats are selectively leaking information to the media, and House Republicans, who are part of the jury, are being denied subpoena authority and full access to transcripts of testimony and even impeachment-related committee documents. No grand jury has a second class of jurors excluded from full participation.

Unlike other impeachable officials, such as federal judges and executive-branch officers, the president and vice president are elected by, and accountable to, the people. The executive is also a coequal branch of government. Thus any attempt to remove the president by impeachment creates unique risks to democracy not present in any other impeachment context. Adhering to constitutional text, tradition and basic procedural guarantees of fairness is critical. These processes are indispensable bulwarks against abuse of the impeachment power, designed to preserve the separation of powers by preventing Congress from improperly removing an elected president.

House Democrats have discarded the Constitution, tradition and basic fairness merely because they hate Mr. Trump. Because the House has not properly begun impeachment proceedings, the president has no obligation to cooperate. The courts also should not enforce any purportedly impeachment-related document requests from the House. (A federal district judge held Friday that the Judiciary Committee is engaged in an impeachment inquiry and therefore must see grand-jury materials from special counsel Robert Mueller’s investigation, but that ruling will likely be overturned on appeal.) And the House cannot cure this problem simply by voting on articles of impeachment at the end of a flawed process.

The Senate’s power—and obligation—to “try all impeachments” presupposes that the House has followed a proper impeachment process and that it has assembled a reliable evidentiary basis to support its accusations. The House has conspicuously failed to do so. Fifty Republican senators have endorsed a resolution sponsored by Judiciary Committee Chairman Lindsey Graham urging the House to “vote to open a formal impeachment inquiry and provide President Trump with fundamental constitutional protections” before proceeding further. If the House fails to heed this call immediately, the Senate would be fully justified in summarily rejecting articles produced by the Pelosi-Schiff inquiry on grounds that without a lawful impeachment in the House, it has no jurisdiction to proceed.

The effort has another problem: There is no evidence on the public record that Mr. Trump has committed an impeachable offense. The Constitution permits impeachment only for “treason, bribery, or other high crimes and misdemeanors.” The Founders considered allowing impeachment on the broader grounds of “maladministration,” “neglect of duty” and “mal-practice,” but they rejected these reasons for fear of giving too much power to Congress. The phrase “high crimes and misdemeanors” includes abuses of power that do not constitute violations of criminal statutes. But its scope is limited.

Abuse of power encompasses two distinct types of behavior. First, the president can abuse his power by purporting to exercise authority not given to him by the Constitution or properly delegated by Congress—say, by imposing a new tax without congressional approval or establishing a presidential “court” to punish his opponents. Second, the president can abuse power by failing to carry out a constitutional duty—such as systematically refusing to enforce laws he disfavors. The president cannot legitimately be impeached for lawfully exercising his constitutional power.

Applying these standards to the behavior triggering current calls for impeachment, it is apparent that Mr. Trump has neither committed a crime nor abused his power. One theory is that by asking Ukrainian President Volodymyr Zelensky to investigate Kyiv’s involvement in the 2016 U.S. presidential election and potential corruption by Joe Biden and his son Hunter was unlawful “interference with an election.” There is no such crime in the federal criminal code (the same is true of “collusion”). Election-related offenses involve specific actions such as voting by aliens, fraudulent voting, buying votes and interfering with access to the polls. None of these apply here.

Equally untenable is the argument that Mr. Trump committed bribery. Federal bribery statutes require proof of a corrupt intent in the form of a quid pro quo—defined by the Supreme Court in U.S. v. Sun-Diamond Growers (1999), as a “specific intent to give or receive something of value in exchange for an official act.” There was no quid pro quo in the call. Mr. Zelensky has said he felt no pressure, and the purported quid (military aid to Ukraine) was not contingent on the alleged quo (opening an investigation), because the former materialized within weeks, while the latter—not “something of value” in any case—never did.

More fundamentally, the Constitution gives the president plenary authority to conduct foreign affairs and diplomacy, including broad discretion over the timing and release of appropriated funds. Many presidents have refused to spend appropriated money for military or other purposes, on grounds that it was unnecessary, unwise or incompatible with their priorities.

Thomas Jefferson impounded funds appropriated for gunboat purchases, Dwight Eisenhower impounded funds for antiballistic-missile production, John F. Kennedy impounded money for the B-70 bomber, and Richard Nixon impounded billions for highways and urban programs. Congress attempted to curtail this power with the Impoundment Control Act of 1974, but it authorizes the president to defer spending until the expiration of the fiscal year or until budgetary authority lapses, neither of which had occurred in the Ukraine case.

Presidents often delay or refuse foreign aid as diplomatic leverage, even when Congress has authorized the funds. Disbursing foreign aid—and withholding it—has historically been one of the president’s most potent foreign-policy tools, and Congress cannot impair it. Lyndon B. Johnson used the promise of financial aid to strong-arm the Philippines, Thailand and South Korea to send troops to Vietnam. The General Accounting Office (now called the Government Accountability Office) concluded that this constituted “quid pro quo assistance.” In 2013, Barack Obama, in a phone conversation with Egyptian President Abdel Fattah Al Sisi, said he would slash hundreds of millions of dollars in military and economic assistance until Cairo cooperated with U.S. counterterrorism goals. The Obama administration also withheld millions in foreign aid and imposed visa restrictions on African countries, including Uganda and Nigeria, that failed to protect gay rights.

In addition, the president’s constitutional duty to “take care that the laws be faithfully executed” implies broad discretion to investigate and prosecute crimes, even if they involve his political rivals. Investigating Americans or Ukrainians who might have violated domestic or foreign law—and seeking the assistance of other nations with such probes, pursuant to mutual legal-assistance treaties—cannot form a legitimate basis for impeachment of a president.

It’s legally irrelevant that a criminal investigation may be politically beneficial to the president. Virtually all exercises of constitutional discretion by a president affect his political interests. It would be absurd to suggest that a president’s pursuit of arms-control agreements, trade deals or climate treaties are impeachable offenses because they benefit the president or his party in an upcoming election.

Using a private party such as Rudy Giuliani to carry out diplomatic missions is neither a crime nor an abuse of power. While the State Department’s mandarins have always lamented intrusions on their bureaucratic turf, numerous U.S. presidents have tapped people to conduct foreign-policy initiatives whose job—whether in the government or private sectors—did not include foreign-policy experience or responsibility. George Washington sent Chief Justice John Jay to negotiate the “Jay Treaty” with Britain. Woodrow Wilson used American journalist Lincoln Steffens and Swedish Communist Karl Kilbom as special envoys to negotiate diplomatic relations with the Soviet Union. A close Wilson friend, Edward House, held no office but effectively served as chief U.S. negotiator at the Paris Peace Conference after World War I.

Nor is it illegal or abusive to give a diplomatic assignment to a government official whose formal institutional responsibilities do not include foreign affairs, such as the energy secretary. JFK relied on Attorney General Robert F. Kennedy to negotiate with Moscow during the Cuban missile crisis.

Although the impeachment inquiry has been conducted in secret, what we know suggests it has become a free-ranging exploration of Mr. Trump’s foreign-policy substance and process, with the committees summoning numerous State Department witnesses. Congress could properly undertake such an inquiry using its oversight authority, but by claiming that it is proceeding with an impeachment inquiry, it has forfeited this option.

If the House impeaches Mr. Trump because it disapproves of a lawful exercise of his presidential authority, it will in effect have accused him of maladministration. The Framers rejected that amorphous concept because it would have allowed impeachment for mere political disagreements, rendering the president a ward of Congress and destroying the executive’s status as an independent, coequal branch of government. If the House impeaches on such grounds and the Senate concludes it has jurisdiction to conduct an impeachment trial, it should focus first and foremost not on the details of Mr. Trump’s foreign policy, but on the legal question of whether the conduct alleged is an impeachable offense.

Alexis de Tocqueville observed in 1835: “A decline of public morals in the United States will probably be marked by the abuse of the power of impeachment as a means of crushing political adversaries or ejecting them from office.” What House Democrats are doing is not only unfair to Mr. Trump and a threat to all his successors. It is an attempt to overrule the constitutional process for selecting the president and thus subvert American democracy itself. For the sake of the Constitution, it must be decisively rejected. If Mr. Trump’s policies are unpopular or offensive, the remedy is up to the people, not Congress.

Mr. Rivkin and Ms. Foley practice appellate and constitutional law in Washington. He served at the Justice Department and the White House Counsel’s Office during the Reagan and George H.W. Bush Administrations. She is a professor of constitutional law at Florida International University College of Law.

https://www.wsj.com/articles/this-impeachment-subverts-the-constitution-11572040762

Senior Ukrainian official says he’s opened probe into US election interference

Ukrainian Prosecutor General Yuriy Lutsenko told Hill.TV’s John Solomon in an interview aired on Wednesday that he has opened a probe into alleged attempts by Ukrainians to interfere in the 2016 U.S. presidential election.

“Today we will launch a criminal investigation about this and we will give legal assessment of this information,” Lutsenko said last week.

A State Department spokesman told Hill.TV that officials are aware of news reports regarding Sytnyk.

“We have always emphasized the need for deep, comprehensive, and timely reforms that respond to the demands the Ukrainian people made during the Revolution of Dignity: an end to systemic corruption, faster economic growth, and a European future for all Ukrainians,” a State spokesperson told Hill.TV.

“We have consistently said that Ukraine’s long-term success and resilience depends on its commitment to reform, in particular the fight to address corruption. To succeed, Ukraine needs committed government officials and strong anti-corruption institutions. The United States is committed to engaging with our partners in Ukraine, including on efforts to roll back the persistent corruption that continues to threaten Ukraine’s national security, prosperity, and democratic development.”

NABU issued a statement on Friday, calling Lutsenko’s comments “not true and is an absurd effort to discredit an independent anti-corruption agency.”

Hill.TV has also reached out to the U.S. Embassy in Ukraine and Clinton’s spokesperson for comment.

“According to the member of parliament of Ukraine, he got the court decision that the NABU official conducted an illegal intrusion into the American election campaign,” Lutsenko said.

“It means that we think Mr. Sytnyk, the NABU director, officially talked about criminal investigation with Mr. [Paul] Manafort, and at the same time, Mr. Sytnyk stressed that in such a way, he wanted to assist the campaign of Ms. Clinton,” he continued.

Solomon asked Lutsenko about reports that a member of Ukraine’s parliament obtained a tape of the current head of the NABU saying that he was attempting to help Clinton win the 2016 presidential election, as well as connections that helped release the black-ledger files that exposed Trump campaign chairman Paul Manafort’s wrongdoing in Ukraine.

“This member of parliament even attached the audio tape where several men, one of which had a voice similar to the voice of Mr. Sytnyk, discussed the matter.”

— Hill.TV Staff

https://thehill.com/hilltv/rising/434892-senior-ukrainian-justice-official-says-hes-opened-probe-into-us-election

 

 

Story 2: President Trump Answers Press Questions on Whistle-blowers, Lying Adam Schiff and Barr and Durham Investigation — The Name of Hearsay Phony Whistle-Blower and Leaker of Classified Information is Eric Ciaramella, Partisan Democrat and Advised Joe Biden on Ukraine — Videos

Press Gaggle: Donald Trump Speaks to the Press After Marine One Arrival – November 3, 2019

Donald Trump speaks to the press after returning to The White House from New York on November 3, 2019.

Rep. Jim Jordan: The Whistleblower ‘Has A Bias Against The President’ | NBC News

Hannity: GOP must find out if whistleblower is a deep state operative

Washington Post calls out Schiff over false whistleblower comments

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WATCH: Rep. Devin Nunes’ full questioning of acting intel chief Joseph Maguire | DNI hearing

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The Pronk Pops Show 1350, November 1, 2019, Story 1: Understanding The November Jobs Report With Increased U-3 Unemployment Rate of 3.6%, U-6 Unemployment Rate of 7.0% and Labor Participation Rate of 63.3% With Estimated 128,000 New Jobs Created — Economy Growing — Videos — Story 2: Stock Market Hits New Record Highs in S&P 500 and NASDAQ — Videos– Story 3: The Decline of United States Monetary Base Could Lead to Massive Deflation and Recession? — What Institutions are The Fed Bailing Out? — Videos — Story 4: Listen To Reading and Read The Transcript of Call Between President Trump and Ukraine President Volodymyr Zelensky —  Videos — Story 5: Creepy Sleepy Dopey Joey Biden Does Not Get It — Lying Will Not Work — Ukraine Government Interfered in 2016 Election For Hillary Clinton  — Democrats Colluding with Ukraine Government — Videos — Story 6: Radical Extremist Democrat Socialist “Beto” Robert Francis O’Rourke Leaves Race — Crisis and Fear Monger — Will Not Be Missed By American People — Videos

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The Pronk Pops Show Podcasts

Pronk Pops Show 1350 November 1, 2019

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Pronk Pops Show 1300 August 1, 2019

 

http://www.shadowstats.com/alternate_data/unemployment-charts

See the source imageSee the source imageSee the source imageImage result for stock market new record highsSee the source image

Story 1: Understanding The November Jobs Report With Increased U-3 Unemployment Rate of 3.6% and Labor Participation Rate of 63.3% With Estimated 128,000 New Jobs Created — Videos

Watch Wall Street five experts react to the October jobs report

Pay attention to the manufacturing data in the jobs report, says NationsShares’ Scott Nations

October Jobs Report: 128,000 Jobs Added, Unemployment At 3.6 Percent | Morning Joe | MSNBC

Nightly Business Report – November 1, 2019

 

Alternate Unemployment Charts

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

 

Public Commentary on Unemployment

Unemployment Data Series   subcription required(Subscription required.)  View  Download Excel CSV File   Last Updated: November 1st, 2019

The ShadowStats Alternate Unemployment Rate for October 2019 is 21.0%.

http://www.shadowstats.com/alternate_data/unemployment-charts

Civilian Labor Force Level

164,364,000

 

Series Id:           LNS11000000
Seasonally Adjusted
Series title:        (Seas) Civilian Labor Force Level
Labor force status:  Civilian labor force
Type of data:        Number in thousands
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 142267(1) 142456 142434 142751 142388 142591 142278 142514 142518 142622 142962 143248
2001 143800 143701 143924 143569 143318 143357 143654 143284 143989 144086 144240 144305
2002 143883 144653 144481 144725 144938 144808 144803 145009 145552 145314 145041 145066
2003 145937(1) 146100 146022 146474 146500 147056 146485 146445 146530 146716 147000 146729
2004 146842(1) 146709 146944 146850 147065 147460 147692 147564 147415 147793 148162 148059
2005 148029(1) 148364 148391 148926 149261 149238 149432 149779 149954 150001 150065 150030
2006 150214(1) 150641 150813 150881 151069 151354 151377 151716 151662 152041 152406 152732
2007 153144(1) 152983 153051 152435 152670 153041 153054 152749 153414 153183 153835 153918
2008 154063(1) 153653 153908 153769 154303 154313 154469 154641 154570 154876 154639 154655
2009 154210(1) 154538 154133 154509 154747 154716 154502 154307 153827 153784 153878 153111
2010 153484(1) 153694 153954 154622 154091 153616 153691 154086 153975 153635 154125 153650
2011 153263(1) 153214 153376 153543 153479 153346 153288 153760 154131 153961 154128 153995
2012 154381(1) 154671 154749 154545 154866 155083 154948 154763 155160 155554 155338 155628
2013 155763(1) 155312 155005 155394 155536 155749 155599 155605 155687 154673 155265 155182
2014 155352(1) 155483 156028 155369 155684 155707 156007 156130 156040 156417 156494 156332
2015 157053(1) 156663 156626 157017 157616 157014 157008 157165 156745 157188 157502 158080
2016 158371(1) 158705 159079 158891 158700 158899 159150 159582 159810 159768 159629 159779
2017 159693(1) 159854 160036 160169 159910 160124 160383 160706 161190 160436 160626 160636
2018 161123(1) 161900 161646 161551 161667 162129 162209 161802 162055 162694 162821 163240
2019 163229(1) 163184 162960 162470 162646 162981 163351 163922 164039 164364
1 : Data affected by changes in population controls.

Labor Force Participation Rate

63.3%

Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 67.3 67.3 67.3 67.3 67.1 67.1 66.9 66.9 66.9 66.8 66.9 67.0
2001 67.2 67.1 67.2 66.9 66.7 66.7 66.8 66.5 66.8 66.7 66.7 66.7
2002 66.5 66.8 66.6 66.7 66.7 66.6 66.5 66.6 66.7 66.6 66.4 66.3
2003 66.4 66.4 66.3 66.4 66.4 66.5 66.2 66.1 66.1 66.1 66.1 65.9
2004 66.1 66.0 66.0 65.9 66.0 66.1 66.1 66.0 65.8 65.9 66.0 65.9
2005 65.8 65.9 65.9 66.1 66.1 66.1 66.1 66.2 66.1 66.1 66.0 66.0
2006 66.0 66.1 66.2 66.1 66.1 66.2 66.1 66.2 66.1 66.2 66.3 66.4
2007 66.4 66.3 66.2 65.9 66.0 66.0 66.0 65.8 66.0 65.8 66.0 66.0
2008 66.2 66.0 66.1 65.9 66.1 66.1 66.1 66.1 66.0 66.0 65.9 65.8
2009 65.7 65.8 65.6 65.7 65.7 65.7 65.5 65.4 65.1 65.0 65.0 64.6
2010 64.8 64.9 64.9 65.2 64.9 64.6 64.6 64.7 64.6 64.4 64.6 64.3
2011 64.2 64.1 64.2 64.2 64.1 64.0 64.0 64.1 64.2 64.1 64.1 64.0
2012 63.7 63.8 63.8 63.7 63.7 63.8 63.7 63.5 63.6 63.8 63.6 63.7
2013 63.7 63.4 63.3 63.4 63.4 63.4 63.3 63.3 63.2 62.8 63.0 62.9
2014 62.9 62.9 63.1 62.8 62.9 62.8 62.9 62.9 62.8 62.9 62.9 62.8
2015 62.9 62.7 62.6 62.7 62.9 62.6 62.6 62.6 62.4 62.5 62.6 62.7
2016 62.7 62.8 62.9 62.8 62.7 62.7 62.8 62.9 62.9 62.8 62.7 62.7
2017 62.9 62.9 62.9 62.9 62.8 62.8 62.9 62.9 63.1 62.7 62.8 62.7
2018 62.7 63.0 62.9 62.8 62.8 62.9 62.9 62.7 62.7 62.9 62.9 63.1
2019 63.2 63.2 63.0 62.8 62.8 62.9 63.0 63.2 63.2 63.3

 Employment Level

158,510,000

Series Id:           LNS12000000
Seasonally Adjusted
Series title:        (Seas) Employment Level
Labor force status:  Employed
Type of data:        Number in thousands
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 136559(1) 136598 136701 137270 136630 136940 136531 136662 136893 137088 137322 137614
2001 137778 137612 137783 137299 137092 136873 137071 136241 136846 136392 136238 136047
2002 135701 136438 136177 136126 136539 136415 136413 136705 137302 137008 136521 136426
2003 137417(1) 137482 137434 137633 137544 137790 137474 137549 137609 137984 138424 138411
2004 138472(1) 138542 138453 138680 138852 139174 139556 139573 139487 139732 140231 140125
2005 140245(1) 140385 140654 141254 141609 141714 142026 142434 142401 142548 142499 142752
2006 143150(1) 143457 143741 143761 144089 144353 144202 144625 144815 145314 145534 145970
2007 146028(1) 146057 146320 145586 145903 146063 145905 145682 146244 145946 146595 146273
2008 146378(1) 146156 146086 146132 145908 145737 145532 145203 145076 144802 144100 143369
2009 142152(1) 141640 140707 140656 140248 140009 139901 139492 138818 138432 138659 138013
2010 138438(1) 138581 138751 139297 139241 139141 139179 139438 139396 139119 139044 139301
2011 139250(1) 139394 139639 139586 139624 139384 139524 139942 140183 140368 140826 140902
2012 141584(1) 141858 142036 141899 142206 142391 142292 142291 143044 143431 143333 143330
2013 143292(1) 143362 143316 143635 143882 143999 144264 144326 144418 143537 144479 144778
2014 145150(1) 145134 145648 145667 145825 146247 146399 146530 146778 147427 147404 147615
2015 148150(1) 148053 148122 148491 148802 148765 148815 149175 148853 149270 149506 150164
2016 150622(1) 150934 151146 150963 151074 151104 151450 151766 151877 151949 152150 152276
2017 152128(1) 152417 152958 153150 152920 153176 153456 153591 154399 153847 153945 154065
2018 154482(1) 155213 155160 155216 155539 155592 155964 155604 156069 156582 156803 156945
2019 156694(1) 156949 156748 156645 156758 157005 157288 157878 158269 158510
1 : Data affected by changes in population controls.

Unemployment Level

5,855,000

 

Series Id:           LNS13000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Level
Labor force status:  Unemployed
Type of data:        Number in thousands
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934
2005 7784 7980 7737 7672 7651 7524 7406 7345 7553 7453 7566 7279
2006 7064 7184 7072 7120 6980 7001 7175 7091 6847 6727 6872 6762
2007 7116 6927 6731 6850 6766 6979 7149 7067 7170 7237 7240 7645
2008 7685 7497 7822 7637 8395 8575 8937 9438 9494 10074 10538 11286
2009 12058 12898 13426 13853 14499 14707 14601 14814 15009 15352 15219 15098
2010 15046 15113 15202 15325 14849 14474 14512 14648 14579 14516 15081 14348
2011 14013 13820 13737 13957 13855 13962 13763 13818 13948 13594 13302 13093
2012 12797 12813 12713 12646 12660 12692 12656 12471 12115 12124 12005 12298
2013 12471 11950 11689 11760 11654 11751 11335 11279 11270 11136 10787 10404
2014 10202 10349 10380 9702 9859 9460 9608 9599 9262 8990 9090 8717
2015 8903 8610 8504 8526 8814 8249 8194 7990 7892 7918 7995 7916
2016 7749 7771 7932 7928 7626 7795 7700 7817 7933 7819 7480 7503
2017 7565 7437 7078 7019 6991 6948 6927 7115 6791 6588 6682 6572
2018 6641 6687 6486 6335 6128 6537 6245 6197 5986 6112 6018 6294
2019 6535 6235 6211 5824 5888 5975 6063 6044 5769 5855

Unemployment Rate

3.6%

 

Series Id:           LNS14000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent or rate
Age:                 16 years and over
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.8 9.8 9.9 9.9 9.6 9.4 9.4 9.5 9.5 9.4 9.8 9.3
2011 9.1 9.0 9.0 9.1 9.0 9.1 9.0 9.0 9.0 8.8 8.6 8.5
2012 8.3 8.3 8.2 8.2 8.2 8.2 8.2 8.1 7.8 7.8 7.7 7.9
2013 8.0 7.7 7.5 7.6 7.5 7.5 7.3 7.2 7.2 7.2 6.9 6.7
2014 6.6 6.7 6.7 6.2 6.3 6.1 6.2 6.1 5.9 5.7 5.8 5.6
2015 5.7 5.5 5.4 5.4 5.6 5.3 5.2 5.1 5.0 5.0 5.1 5.0
2016 4.9 4.9 5.0 5.0 4.8 4.9 4.8 4.9 5.0 4.9 4.7 4.7
2017 4.7 4.7 4.4 4.4 4.4 4.3 4.3 4.4 4.2 4.1 4.2 4.1
2018 4.1 4.1 4.0 3.9 3.8 4.0 3.9 3.8 3.7 3.8 3.7 3.9
2019 4.0 3.8 3.8 3.6 3.6 3.7 3.7 3.7 3.5 3.6

Not in Labor Force

95,481,000

 

Series Id:           LNS15000000
Seasonally Adjusted
Series title:        (Seas) Not in Labor Force
Labor force status:  Not in labor force
Type of data:        Number in thousands
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 69142 69120 69338 69267 69853 69876 70398 70401 70645 70782 70579 70488
2001 70088 70409 70381 70956 71414 71592 71526 72136 71676 71817 71876 72010
2002 72623 72010 72343 72281 72260 72600 72827 72856 72554 73026 73508 73675
2003 73960 74015 74295 74066 74268 73958 74767 75062 75249 75324 75280 75780
2004 75319 75648 75606 75907 75903 75735 75730 76113 76526 76399 76259 76581
2005 76808 76677 76846 76514 76409 76673 76721 76642 76739 76958 77138 77394
2006 77339 77122 77161 77318 77359 77317 77535 77451 77757 77634 77499 77376
2007 77506 77851 77982 78818 78810 78671 78904 79461 79047 79532 79105 79238
2008 78554 79156 79087 79429 79102 79314 79395 79466 79790 79736 80189 80380
2009 80529 80374 80953 80762 80705 80938 81367 81780 82495 82766 82865 83813
2010 83349 83304 83206 82707 83409 84075 84199 84014 84347 84895 84590 85240
2011 85441 85637 85623 85603 85834 86144 86383 86111 85940 86308 86312 86589
2012 87888 87765 87855 88239 88100 88073 88405 88803 88613 88429 88836 88722
2013 88900 89516 89990 89780 89827 89803 90156 90355 90481 91708 91302 91563
2014 91563 91603 91230 92070 91938 92107 92016 92099 92406 92240 92350 92695
2015 92671 93237 93454 93249 92839 93649 93868 93931 94580 94353 94245 93856
2016 94026 93872 93689 94077 94475 94498 94470 94272 94281 94553 94911 94963
2017 94389 94392 94378 94419 94857 94833 94769 94651 94372 95330 95323 95473
2018 95657 95033 95451 95721 95787 95513 95633 96264 96235 95821 95886 95649
2019 95010 95208 95577 96223 96215 96057 95874 95510 95599 95481

 

U-6 Unemployment Rate

7.0%

 

Series Id:           LNS13327709
Seasonally Adjusted
Series title:        (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers
Labor force status:  Aggregated totals unemployed
Type of data:        Percent or rate
Age:                 16 years and over
Percent/rates:       Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached

 

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 7.1 7.2 7.1 6.9 7.1 7.0 7.0 7.1 7.0 6.8 7.1 6.9
2001 7.3 7.4 7.3 7.4 7.5 7.9 7.8 8.1 8.7 9.3 9.4 9.6
2002 9.5 9.5 9.4 9.7 9.5 9.5 9.6 9.6 9.6 9.6 9.7 9.8
2003 10.0 10.2 10.0 10.2 10.1 10.3 10.3 10.1 10.4 10.2 10.0 9.8
2004 9.9 9.7 10.0 9.6 9.6 9.5 9.5 9.4 9.4 9.7 9.4 9.2
2005 9.3 9.3 9.1 8.9 8.9 9.0 8.8 8.9 9.0 8.7 8.7 8.6
2006 8.4 8.4 8.2 8.1 8.2 8.4 8.5 8.4 8.0 8.2 8.1 7.9
2007 8.4 8.2 8.0 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9.0 9.1 9.2 9.7 10.1 10.5 10.8 11.0 11.8 12.6 13.6
2009 14.2 15.2 15.8 15.9 16.5 16.5 16.4 16.7 16.7 17.1 17.1 17.1
2010 16.7 17.0 17.1 17.1 16.6 16.4 16.4 16.5 16.8 16.6 16.9 16.6
2011 16.2 16.0 15.9 16.1 15.8 16.1 15.9 16.1 16.4 15.8 15.5 15.2
2012 15.2 15.0 14.5 14.6 14.7 14.8 14.8 14.6 14.8 14.4 14.4 14.4
2013 14.6 14.4 13.8 14.0 13.8 14.2 13.8 13.6 13.5 13.6 13.1 13.1
2014 12.7 12.6 12.6 12.3 12.2 12.0 12.1 12.0 11.7 11.5 11.4 11.2
2015 11.3 11.0 10.8 10.8 10.9 10.4 10.3 10.2 10.0 9.8 10.0 9.9
2016 9.8 9.7 9.8 9.7 9.9 9.5 9.7 9.6 9.7 9.6 9.4 9.2
2017 9.3 9.1 8.7 8.6 8.5 8.5 8.5 8.6 8.3 8.0 8.0 8.1
2018 8.2 8.2 7.9 7.8 7.7 7.8 7.5 7.4 7.5 7.5 7.6 7.6
2019 8.1 7.3 7.3 7.3 7.1 7.2 7.0 7.2 6.9 7.0

October job creation comes in at 128,000, easily topping estimates even with GM auto strike

POINTS
  • Nonfarm payrolls rose by 128,000 in October, exceeding the estimate of 75,000 from economists surveyed by Dow Jones.
  • There were big revisions of past numbers as well. August’s initial 168,000 payrolls addition was revised up to 219,000, while September’s jumped from 136,000 to 180,000.
  • The unemployment rate ticked slightly higher to 3.6% from 3.5%, still near the lowest in 50 years.
  • The pace of average hourly earnings picked up a bit, rising 0.1% to a year-over-year 3% gain.

Nonfarm payrolls rose by 128,000 in October as the U.S. economy overcame the weight of the GM autoworkers’ strike and created jobs at a pace well above expectations.

Even with a decline of 42,000 in the motor vehicles and parts industry, the pace of new jobs well exceeded the estimate of 75,000 from economists surveyed by Dow Jones. The loss of jobs came due to the General Motors strike that has since been settled. That 42,000 job loss itself was less than the 50,000 or more that many economists had been anticipating.

The unemployment rate ticked higher to 3.6%, in line with estimates, but remains around the lowest in 50 years. A more encompassing measure that includes discouraged workers and those holding part-time positions for economic reasons also edged up to 7%.

The unemployment rate for African Americans nudged down to a record low 5.4%. Also, the total employment level as measured in the household survey jumped to 158.5 million, also a new high.

The pace of average hourly earnings picked up a bit, rising 0.1% to a year-over-year 3% gain, also in line with estimates. The average work week was unchanged at 34.4 hours.

“This report is yet another sign that the economy is still strong right now and adds to a list of indicators that are looking optimistic of late,” said Steve Rick, chief economist at CUNA Mutual Group. “The vigor of this labor market, along with a more positive housing market and solid Q3 GDP, should offer some welcome reassurance.”

Big revisions upward

Along with the better-than-expected performance in October, previous months’ counts were revised considerably higher. August’s initial 168,000 estimate came all the way up to 219,000 while September’s jumped from 136,000 to 180,000.

Together, the new estimates added 95,000 positions for the two-month period, bringing the three-month average to 176,000, which is well above the pace needed to keep the unemployment rate around its current level.

For the year, monthly job creation now averages 167,000 compared with 223,000 in 2018.

The report helps further quell worries that the U.S. economy is teetering toward recession and helps affirm the assessment from most Federal Reserve officials.

Central bank leaders have largely praised the state of the U.S. economy, particularly compared with its global peers. The Fed earlier this week lowered its benchmark interest rate a quarter point, the third such move this year, but Chairman Jerome Powell clearly indicated that this likely will be the last cut for some time unless conditions change significantly.

“The October jobs report is unambiguously positive for the US economic outlook,” said Citigroup economist Andrew Hollenhorst. “Above-consensus hiring in October, together with upward revisions to prior months, is consistent with our view that job growth, while clearly slower in 2019 than in 2018, will maintain a pace of 130-150K per month. Wage growth remaining at 3.0% should further support incomes and consumption-led growth.”

VIDEO02:25
How the unemployment rate is calculated

Hottest sectors

At the industry level, the biggest job creation came in food services and drinking establishments, which added 48,000.While those positions are generally associated with lower wages, they also can reflect consumer demand and the willingness to spend discretionary money. The industry has seen a surge in job creation as of late, with the past three months averaging 38,000 compared with 16,000 in the first seven months of this year.

Professional and business services added 22,000 and health care rose 15,000, part of a gain of 402,000 for that industry over the past year.

Social assistance increased by 20,000 while financial activities rose by 16,000, bringing to 108,000 the total Wall Street jobs added over the past year.

Job losses came in manufacturing (-36,000) as part of the GM strike, and the federal government, which subtracted 17,000 because 20,000 workers hired for Census duties finished their work.

The total employment level in the household survey reached another record high, swelling by 241,000 to 158.5 million.

The labor force expanded by 325,000 to 164.4 million and the labor force participation rate edged higher to 63.3%. Those counted as not in the labor force declined by 118,000 to nearly 95.5 million.

After previously sitting at a record low, the unemployment rate for Asians jumped 0.4 percentage points to 2.9%.

https://www.cnbc.com/2019/11/01/jobs-report-october-2019.html

private-sector production and nonsupervisory employees rose by 4 cents to $23.70.
(See tables B-3 and B-8.)

The average workweek for all employees on private nonfarm payrolls was unchanged
at 34.4 hours in October. In manufacturing, the average workweek decreased by
0.2 hour to 40.3 hours, while overtime was unchanged at 3.2 hours. The average
workweek of private-sector production and nonsupervisory employees held at 33.6
hours. (See tables B-2 and B-7.)

The change in total nonfarm payroll employment for August was revised up by 51,000
from +168,000 to +219,000, and the change for September was revised up by 44,000
from +136,000 to +180,000. With these revisions, employment gains in August and
September combined were 95,000 more than previously reported. (Monthly revisions
result from additional reports received from businesses and government agencies
since the last published estimates and from the recalculation of seasonal factors.)
After revisions, job gains have averaged 176,000 over the last 3 months.

_____________
The Employment Situation for November is scheduled to be released on
Friday, December 6, 2019, at 8:30 a.m. (EST).



https://www.bls.gov/news.release/empsit.nr0.htm

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted
[Numbers in thousands]
Category Oct.
2018
Aug.
2019
Sept.
2019
Oct.
2019
Change from:
Sept.
2019-
Oct.
2019

Employment status

Civilian noninstitutional population

258,514 259,432 259,638 259,845 207

Civilian labor force

162,694 163,922 164,039 164,364 325

Participation rate

62.9 63.2 63.2 63.3 0.1

Employed

156,582 157,878 158,269 158,510 241

Employment-population ratio

60.6 60.9 61.0 61.0 0.0

Unemployed

6,112 6,044 5,769 5,855 86

Unemployment rate

3.8 3.7 3.5 3.6 0.1

Not in labor force

95,821 95,510 95,599 95,481 -118

Unemployment rates

Total, 16 years and over

3.8 3.7 3.5 3.6 0.1

Adult men (20 years and over)

3.5 3.4 3.2 3.2 0.0

Adult women (20 years and over)

3.4 3.3 3.1 3.2 0.1

Teenagers (16 to 19 years)

12.0 12.6 12.5 12.3 -0.2

White

3.3 3.4 3.2 3.2 0.0

Black or African American

6.2 5.5 5.5 5.4 -0.1

Asian

3.1 2.8 2.5 2.9 0.4

Hispanic or Latino ethnicity

4.4 4.2 3.9 4.1 0.2

Total, 25 years and over

3.1 2.9 2.8 2.9 0.1

Less than a high school diploma

5.9 5.4 4.8 5.6 0.8

High school graduates, no college

4.0 3.6 3.6 3.7 0.1

Some college or associate degree

3.0 3.1 2.9 2.9 0.0

Bachelor’s degree and higher

2.0 2.1 2.0 2.1 0.1

Reason for unemployment

Job losers and persons who completed temporary jobs

2,858 2,876 2,572 2,674 102

Job leavers

731 781 840 849 9

Reentrants

1,914 1,801 1,669 1,703 34

New entrants

605 574 677 627 -50

Duration of unemployment

Less than 5 weeks

2,062 2,207 1,868 1,968 100

5 to 14 weeks

1,845 1,757 1,781 1,749 -32

15 to 26 weeks

859 835 819 899 80

27 weeks and over

1,370 1,243 1,314 1,264 -50

Employed persons at work part time

Part time for economic reasons

4,630 4,381 4,350 4,438 88

Slack work or business conditions

2,837 2,678 2,588 2,754 166

Could only find part-time work

1,461 1,351 1,322 1,287 -35

Part time for noneconomic reasons

21,448 21,697 21,573 21,549 -24

Persons not in the labor force (not seasonally adjusted)

Marginally attached to the labor force

1,491 1,564 1,299 1,229

Discouraged workers

506 467 321 341

– Over-the-month changes are not displayed for not seasonally adjusted data.
NOTE: Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data.

 

https://www.bls.gov/news.release/empsit.a.htmEmployment Situation Summary Table B. Establishment data, seasonally adjusted

ESTABLISHMENT DATA
Summary table B. Establishment data, seasonally adjusted
Category Oct.
2018
Aug.
2019
Sept.
2019(P)
Oct.
2019(P)

EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)

Total nonfarm

277 219 180 128

Total private

285 163 167 131

Goods-producing

60 4 7 -26

Mining and logging

6 -5 1 0

Construction

25 7 11 10

Manufacturing

29 2 -5 -36

Durable goods(1)

19 -2 -6 -41

Motor vehicles and parts

7.1 -2.6 -3.5 -41.6

Nondurable goods

10 4 1 5

Private service-providing

225 159 160 157

Wholesale trade

6.7 2.4 7.1 10.8

Retail trade

-9.9 -1.3 6.7 6.1

Transportation and warehousing

24.3 -7.6 6.3 9.9

Utilities

1.4 -0.9 -1.3 -1.4

Information

10 -4 4 -4

Financial activities

14 17 8 16

Professional and business services(1)

55 38 37 22

Temporary help services

14.3 9.5 20.1 -8.1

Education and health services(1)

37 63 49 39

Health care and social assistance

46.7 54.8 44.8 34.2

Leisure and hospitality

79 48 45 61

Other services

7 5 -2 -3

Government

-8 56 13 -3

(3-month average change, in thousands)

Total nonfarm

222 188 188 176

Total private

213 149 151 154

WOMEN AND PRODUCTION AND NONSUPERVISORY EMPLOYEES
AS A PERCENT OF ALL EMPLOYEES(2)

Total nonfarm women employees

49.7 49.9 49.9 49.9

Total private women employees

48.3 48.5 48.6 48.6

Total private production and nonsupervisory employees

82.4 82.3 82.3 82.2

HOURS AND EARNINGS
ALL EMPLOYEES

Total private

Average weekly hours

34.5 34.4 34.4 34.4

Average hourly earnings

$27.35 $28.11 $28.12 $28.18

Average weekly earnings

$943.58 $966.98 $967.33 $969.39

Index of aggregate weekly hours (2007=100)(3)

110.3 111.4 111.5 111.6

Over-the-month percent change

0.3 0.5 0.1 0.1

Index of aggregate weekly payrolls (2007=100)(4)

144.2 149.7 149.9 150.4

Over-the-month percent change

0.4 0.9 0.1 0.3

DIFFUSION INDEX
(Over 1-month span)(5)

Total private (258 industries)

67.4 55.8 55.4 55.4

Manufacturing (76 industries)

59.9 48.7 40.8 43.4

Footnotes
(1) Includes other industries, not shown separately.
(2) Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries.
(3) The indexes of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding annual average aggregate hours.
(4) The indexes of aggregate weekly payrolls are calculated by dividing the current month’s estimates of aggregate weekly payrolls by the corresponding annual average aggregate weekly payrolls.
(5) Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
(P) Preliminary

NOTE: Data have been revised to reflect March 2018 benchmark levels and updated seasonal adjustment factors.

https://www.bls.gov/news.release/empsit.b.htm

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In this episode of the Keiser Report, Max and Stacy discuss the fact that the massive daily NY Fed interventions in the repo market are getting worse and worse. What was meant to be small and temporary seems now to be huge and permanent. Investors are asking, “What is the Fed hiding?” They also look at the 23% decline in the U.S. Monetary Base since 2016 and ask whether or not it signifies anything. In the second half, Max talks to David Morgan of The Morgan Report about what he sees in the turmoil in the repo markets. They also discuss China’s gold purchases and whether or not he agrees with Alasdair MacLeod’s belief that China could announce they have more than 10,000 tons of gold.

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Opinion: The Federal Reserve is in stealth intervention mode

Published: Oct 26, 2019 4:23 p.m. ET

What the central bank passes off as ‘funding issues’ could more accurately be described as liquidity injections to keep interest rates low

Getty Images
Federal Reserve Chairman Jerome Powell

By SVENHENRICH

The Federal Reserve has gone into full intervention mode.

Actually, accelerated intervention mode. Not just a “mid-cycle adjustment,” as Fed Chairman Jerome Powell said in July, but interventions to the tune of tens of billions of dollars every day.

What’s the crisis, you ask? After all, we live in an age of trillion-dollar market-cap companies and unemployment at 50-year lows. Yet the Fed is acting like the doomsday clock has melted as a result of a nuclear attack.

Think I’m in hyperbole mode? Far from it.

Unless you think the biggest repurchase (repo) efforts ever — surpassing the 2008 financial-crisis actions — are hyperbole:

Something’s off. See, it all started as a temporary fix in September when, suddenly, the overnight target rate jumped sky high and the Fed had to intervene to keep the wheels from coming off. Short-term liquidity issues, the Fed said. Those have become rather permanent:

And liquidity injections are massive and accelerating. On Tuesday, the Fed injected $99.9 billion in temporary liquidity into the financial system and $7.5 billion in permanent reserves as part of a program to buy $60 billion a month in Treasury bills. The $99.9 billion comes from $64.9 billion in overnight repurchase agreements and $35 billion in repo operations.

But market demand for overnight repo operations has far exceeded even the $75 billion the Fed has allocated, suggesting a lot more liquidity demand. Hence, on Wednesday the Fed suddenly announced a $45 billion increase on top of the $75 billion repo facility for a daily total of $120 billion. Here’s the Federal Reserve Bank of New York, the branch involved in such actions:

“Consistent with the most recent FOMC [Federal Open Market Committee] directive, to ensure that the supply of reserves remains ample even during periods of sharp increases in non-reserve liabilities, and to mitigate the risk of money market pressures that could adversely affect policy implementation, the amount offered in overnight repo operations will increase to at least $120 billion starting Thursday, Oct. 24, 2019.”

And, consequently, on Oct. 24 the Fed injected $134 billion in temporary liquidity.

These actions are surprising. What stable financial system requires over $100 billion in overnight liquidity injections? The Fed did not see the need for these actions coming. It is reacting to a market that suddenly requires it.

Funding issues,” Chairman Powell called it in October. The Fed was totally caught off guard when the overnight financing rate suddenly jumped to over 5%, and it’s been reacting ever since.

What started as a slow walk in policy reversion from last year’s rate-hike cycle and balance-sheet roll-off (aka quantitative tightening, or QT) on autopilot has now turned into ongoing interest-rate cuts and balance-sheet expansion:

To be clear: This is not a temporary rise in the balance sheet; this is the beginning of something big. The Fed’s balance sheet looks like it will expand to record highs once again.

I keep questioning the efficacy of all this, and I have to question the honesty of the Fed. After all, the central bank keeps chasing events, and its policy actions are turning ever more aggressive while it insists that everything is fine. The bank’s actions are saying things are not fine. Far from it. Otherwise, the Fed wouldn’t be forced into all these policy actions. But would the Fed cop to things not being fine? To do so would be to sap confidence — can’t have that.

What would markets look like without these policy interventions? One can only wonder. For one, we know the overnight financing rate would be much higher. That is, after all, why the Fed is forced to intervene: To keep the target rate low.

Many analysts now suggest there will be a year-end stock market rally, primarily driven by the Fed as earnings growth remains weak. If they print, you must buy.

It may well be that our financial markets have permanently devolved into a Fed-subsidized, wealth-inequality-generating machine benefitting the few that own stocks. But one has to wonder why the rate cutting and liquidity injections haven’t been able to produce sustained market highs.

Consider the evolution of the Fed’s “put” in 2019:

First came the hints in January. “Flexible on the balance sheet,” Powell suddenly was uttering following the fourth-quarter 2018 stock market massacre, producing a 3.5% rally in one day on that pronouncement. Then we got treated to a multi-month jawboning of Fed speakers increasingly sending dovish messages, and markets gladly jumping from Fed speech to Fed speech. Powell again rescued the market in early June after May’s market rout. “Ready to act” was the rallying cry then — and the market rallied dutifully into the July rate cut.

But then the dynamics changed. Rate cut No. 1 in July was sold. Rate cut No. 2 in September was sold. Then came the repo operations, also in September. And now, in October, the Fed launched the $60 billion-a-month Treasury-bill-buying program.

Did you note the accelerated pace of Fed actions here? The Fed went from pausing rate increases to ending the balance sheet roll-off to multiple rate cuts and, finally, aggressive daily repos and balance-sheet expansion. All of this since July. And guess what? Another rate cut is coming next week.

Why? Because markets want it. And what markets want, markets shall receive. That’s the only data point that matters, it appears.

And markets really want that third rate cut next week:

There’s a 94.6% probability of a rate cut. Think that a Fed that is intervening in markets daily by the tens of billions of dollars will chance to disappoint markets by not cutting rates? Please.

Investors have been chasing the Fed into corporate multiple expansion all year. But now that the Fed is forced to intervene ever more aggressively, it has to prove something: Efficacy.

Are we seeing an improvement in growth? No. Are we seeing an improvement in earnings? No. From the looks of it, the Fed is barely keeping it together and is forced to do ever more to prevent markets from falling as the principal bull rationale for buying stocks is the Fed.

And so one has to ponder a larger question:

But, to be fair, so far the Fed has succeeded in compressing volatility as price discovery has degraded to overnight action over any intraday price discovery. Markets are back to tight intra-ranges void of any actions and elevating indices near record highs.

Whether the Fed can prompt a move to sustained new highs remains to be seen. All eyes will be on the Fed next week to see whether policy makers can achieve it.

If they can, investors can look for another run at the upper trend line on the S&P 500 SPX, -0.12%  chart:

If they can’t, things may turn out quite differently, such as this speculative scenario:

You don’t think the Fed is all about markets? Where have you been? After all, the Fed’s stated policy objective now is to extend the business cycle by any means necessary. And policy makers can’t do that with falling stock prices.

And so they are in accelerated daily intervention mode. Because that is what it takes. The questions that investors have to ask themselves is: What if it’s not enough? And what is it policy makers aren’t telling us? Why are they are forced into these historic, unexpected measures? What happens if they lose control? We may know more next week.

Sven Henrich is founder and the lead market strategist of NorthmanTrader.com. Follow him on Twitter at @NorthmanTrader.

https://www.marketwatch.com/story/the-federal-reserve-is-in-stealth-intervention-mode-2019-10-25

 

PERATING POLICY
Statement Regarding Repurchase and Reverse Repurchase Agreements Small Value Exercise
November 4, 2019

The New York Fed undertakes certain small value open market transactions from time to time for the purpose of testing operational readiness to implement existing and potential policy directives from the Federal Open Market Committee (FOMC). The FOMC authorizes the New York Fed’s Open Market Trading Desk (the Desk) to conduct these exercises to test its operational readiness in the Authorization for Domestic Open Market Operations and Authorization for Foreign Currency Operations.

In connection with these authorizations, the Desk intends to conduct one small value forward-settling repo and one small value reverse repo operation during the month of November. Each operation will begin around 9:45 AM ET and end at 10:00 AM ET. The operations will be open to Primary Dealers and/or Reverse Repo Counterparties.  All counterparties will be limited to one $1 million proposition per tranche during each operation. The planned schedule, including operation details, follows below:

Repurchase Agreement Operation:

OPERATION TENOR/TYPE ELIGIBLE COUNTERPARTIES OPERATION DATE SETTLEMENT DATE MATURITY DATE COLLATERAL TYPE MAXIMUM VALUE OF OPERATION
Term Repo Primary Dealers Tues, Nov 5, 2019 Wed, Nov 6, 2019 Fri, Nov 8, 2019 Multi-tranche: Treasury, Agency, Agency MBS $75 million

Reverse Repurchase Agreement Operation:

OPERATION TENOR/TYPE ELIGIBLE COUNTERPARTIES OPERATION DATE SETTLEMENT DATE MATURITY DATE COLLATERAL TYPE OFFERING RATE MAXIMUM VALUE OF OPERATION
Term Reverse Repo Primary Dealers and Reverse Repo Counterparties Tues, Nov 19, 2019 Tues, Nov 19, 2019 Thu, Nov 21, 2019 Single-tranche: Agency MBS -only ON RRP Offering Rate on Nov 19 $175 million

Announcements and results will be posted on the New York Fed’s website at the start and following the completion of each operation.

 

Monetary Base

 

What is Monetary Base

A monetary base is the total amount of a currency that is either in general circulation in the hands of the public or in the commercial bank deposits held in the central bank’s reserves. This measure of the money supply typically only includes the most liquid currencies; it is also known as the “money base.”

 

Breaking Down Monetary Base

The monetary base is a component of a nation’s money supply. It refers strictly to highly liquid funds including notes, coinage and current bank deposits. When the Federal Reserve creates new funds to purchase bonds from commercial banks, the banks see an increase in their holdings, which causes the monetary base to expand.

For example, country Z has 600 million currency units circulating in the public and its central bank has 10 billion currency units in reserve as part of deposits from many commercial banks. In this case, the monetary base for country Z is 10.6 billion currency units.

As of June 2016, the U.S. had a monetary base of almost $3.9 trillion.

 

Monetary Base and the Money Supply

The money supply expands beyond the monetary base to include other assets that may be less liquid in form. It is most commonly divided into levels, listed as M0 through M3 or M4 depending on the system, with each representing a different facet of a nation’s assets. The monetary base’s funds are generally held within the lower levels of the money supply, such as M1 or M2, which encompasses cash in circulation and specific liquid assets including, but not limited to, savings and checking accounts.

To qualify, the funds must be considered a final settlement of a transaction. For example, if a person uses cash to pay a debt, that transaction is final. Additionally, writing a check against money in a checking account, or using a debit card, can also be considered final since the transaction is backed by actual cash deposits once they have cleared.
In contrast, the use of credit to pay a debt does not qualify as part of the monetary base, as this is not the final step to the transaction. This is due to the fact the use of credit just transfers a debt owed from one party, the person or business receiving the credit-based payment and the credit issuer.

Managing Monetary Bases

Most monetary bases are controlled by one national institution, usually a country’s central bank. They can usually change the monetary base (either expanding or contracting) through open market operations or monetary policies.

For many countries, the government can maintain a measure of control over the monetary base by buying and selling government bonds in the open market.

Smaller Scale Monetary Bases and Money Supplies

At the household level, the monetary base consists of all notes and coins in the possession of the household, as well as any funds in deposit accounts. The money supply of a household may be extended to include any available credit open on credit cards, unused portions of lines of credit and other accessible funds that translate into a debt that must be repaid.

 

 

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Ukraine Court Rules Manafort Disclosure Caused ‘Meddling’ in U.S. Election

Paul Manafort, center, arriving for his arraignment hearing at the federal courthouse in Alexandria, Va., in March.
Credit…Al Drago for The New York Times

MOSCOW — A court in Ukraine has ruled that officials in the country violated the law by revealing, during the 2016 presidential election in the United States, details of suspected illegal payments to Paul Manafort.

In 2016, while Mr. Manafort was chairman of the Trump campaign, anti-corruption prosecutors in Ukraine disclosed that a pro-Russian political party had earmarked payments for Mr. Manafort from an illegal slush fund. Mr. Manafort resigned from the campaign a week later.

The court’s ruling that what the prosecutors did was illegal comes as the Ukrainian government, which is deeply reliant on the United States for financial and military aid, has sought to distance itself from matters related to the special counsel’s investigation of Russia’s interference in the 2016 presidential race.

Some of the investigation by the special counsel, Robert S. Mueller III, has dealt with Mr. Manafort’s decade of work in Ukraine advising the country’s Russia-aligned former president, Viktor F. Yanukovych, his party and the oligarchs behind it.

After President Trump’s victory, some politicians in Ukraine criticized the public release by prosecutors of the slush fund records, saying the move would complicate Ukraine’s relations with the Trump administration.

In Ukraine, investigations into the payments marked for Mr. Manafort were halted for a time and never led to indictments. Mr. Manafort’s conviction in the United States on financial fraud charges related to his work in Ukraine was not based on any known legal assistance from Ukraine.

Two Ukrainian members of Parliament had pressed for investigations into whether the prosecutors’ revelation of the payment records, which were first published in The New York Times, had violated Ukrainian laws that, in some cases, prohibit prosecutors from revealing evidence before a trial.

Both lawmakers asserted that if the release of the slush fund information broke the law, then it should be viewed as an illegal effort to influence the United States presidential election in favor of Hillary Clinton by damaging the Trump campaign.

Artem Sytnik, the head of the National Anti-Corruption Bureau of Ukraine, said he had revealed the information about Paul Manafort “in accordance with the law in effect at the time.”
Credit…Oleksandr Stashevskyi/Associated Press

The Kiev District Administrative Court, in a statement issued Wednesday, said that Artem Sytnik, the head of the National Anti-Corruption Bureau of Ukraine, the agency that had released information about the payments, had violated the law. The court’s statement said this violation “resulted in meddling in the electoral process of the United States in 2016 and damaged the national interests of Ukraine.”

 

A spokeswoman for the anti-corruption bureau said she could not comment before the court released a full text of the ruling. In an interview last June, Mr. Sytnik said he had revealed the information “in accordance with the law in effect at the time.”

The court also faulted a member of Ukraine’s Parliament, Serhiy A. Leshchenko, who had commented on Mr. Manafort’s case and publicized at a news conference materials that the anti-corruption bureau had already posted on its website.

Mr. Leshchenko said he would appeal the ruling, and that the court was not independent and was doing the bidding of the Ukrainian government as it sought to curry favor with the Trump administration.

“This decision of the court is for Poroshenko to find a way to Trump’s heart,” he said, referring to President Petro O. Poroshenko. “At the next meeting with Trump, he will say, ‘You know, an independent Ukrainian court decided investigators made an inappropriate move.’ He will find the loyalty of the Trump administration.”

Mr. Leshchenko said the prosecutors’ revelations about Mr. Manafort were legal because they were “public interest information,” even if they were also potential evidence in a criminal investigation.

Mr. Manafort has not been charged with a crime in Ukraine, and earlier this year, Ukrainian officials froze several investigations into Mr. Manafort’s payments at a time when the government was negotiating with the Trump administration to purchase sophisticated anti-tank missiles, called Javelins.

Ukraine’s prosecutor general said the delay on Mr. Manafort’s cases was unrelated to the missile negotiations. In total, the United States provides about $600 million in bilateral aid to Ukraine annually.

Earlier this month, the special counsel accused Mr. Manafort of violating a cooperation agreement by lying. Two of the five alleged lies, according to the filing, related to meetings or conversations with Konstantin V. Kilimnik, Mr. Manafort’s former office manager in Kiev, whom the special counsel’s office has identified as tied to Russian intelligence and as a key figure in the investigation into possible coordination between the Trump campaign and Russia.

Ukrainian law enforcement officials last year allowed Mr. Kilimnik to leave for Russia, putting him out of reach for questioning.

Let’s get real: Democrats were first to enlist Ukraine in US elections

Story 6: Radical Extremist Democrat Socialist “Beto” Robert Francis O’Rourke Leaves Race — Crisis and Fear Monger — Will Not Be Missed By American People  — Videos

Watch: O’Rourke Gives Farewell Campaign Speech | NBC News

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The Pronk Pops Show 1345, October 25, 2019, Story 1: Totally Out-of-Control Federal Government Spending With $984 Billion Deficit For Fiscal Year 2019 and National Debt Approaching 23,000 Billion — Videos — Story 2: Justice Department Opens Criminal Investigation of Spygate — Clinton Obama Democrat Criminal Conspiracy — Videos — Story 3: President Trump Departure Dump On Big Lie Media and Do Nothing Democrats — Videos

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The US ran a budget deficit of $984billion in 2019, the Congressional Budget Office said Monday - $200million worse than last year, and $20million worse then August projections (pictured on this graph)See the source imageSee the source imageSee the source imageSee the source imageSee the source image

 

Story 1: Totally Out-of-Control Federal Government Spending With $984 Billion Deficit For Fiscal Year 2019 and National Debt Approaching 23,000 Billion — Videos — 

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Neil Howe

From Wikipedia, the free encyclopedia

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Neil Howe (born October 21, 1951) is an American author and consultant. He is best known for his work with William Strauss on social generations regarding a theorized generational cycle in American history. Howe is currently the managing director of demography at Hedgeye and he is president of Saeculum Research and LifeCourse Associates, consulting companies he founded with Strauss to apply Strauss–Howe generational theory. He is also a senior associate at the Center for Strategic and International Studies‘ Global Aging Initiative, and a senior advisor to the Concord Coalition.

Biography

Howe was born in Santa Monica, California. His grandfather was the astronomer Robert Julius Trumpler. His father was a physicist and his mother was a professor of occupational therapy. He attended high school in Palo Alto, California, and earned a BA in English Literature at U.C. Berkeley in 1972. He studied abroad in France and Germany, and later earned graduate degrees in economics (M.A., 1978) and history (M.Phil., 1979) from Yale University.[1]

After receiving his degrees, Howe worked in Washington, D.C., as a public policy consultant on global aging, long-term fiscal policy, and migration. His positions have included advisor on public policy to the Blackstone Group, policy advisor to the Concord Coalition, and senior associate for the Global Aging Initiative at the Center for Strategic and International Studies (CSIS).[2][3]

During the 1990s, Howe developed a second career as an author, historian and pop sociologist,[4] examining how generational differences shape attitudes, behaviors, and the course of history. He has since written nine books on social generations, mostly with William Strauss. In 1997 Strauss and Howe founded LifeCourse Associates, a publishing, speaking, and consulting company built on their generational theory. As president of LifeCourse, Howe currently provides marketing, personnel, and government affairs consulting to corporate and nonprofit clients, and writes and speaks about the collective personalities of today’s generations.

Howe lives in Great Falls, Virginia, and has two young adult children.[citation needed]

Work

Howe has written a number of non-academic books on generational trends. He is best known for his books with William Strauss on generations in American history. These include Generations (1991) and The Fourth Turning (1997) which examine historical generations and describe a theorized cycle of recurring mood eras in American History (now described as the Strauss–Howe generational theory).[5][6] The book made a deep impression on Steve Bannon, who wrote and directed Generation Zero (2010), a Citizens United Productions film on the book’s theory, prior to his becoming White House Chief Strategist.[7]

Howe and Strauss also co-authored 13th Gen (1993) about Generation X, and Millennials Rising (2000) about the Millennial Generation.[8][9] Eric Hoover has called the authors pioneers in a burgeoning industry of consultants, speakers and researchers focused on generations. He wrote a critical piece about the concept of “generations” and the “Millennials” (a term coined by Strauss and Howe) for the Chronicle of Higher Education. Michael Lind offered his critique of Howe’s book “Generations” for The New York Times Book Review.[10][11]

Howe has written a number of application books with Strauss about the Millennials’ impact on various sectors, including Millennials Go to College (2003, 2007), Millennials and the Pop Culture (2006), and Millennials and K-12 Schools (2008). After Strauss died in 2007, Howe authored Millennials in the Workplace (2010).[12]

In 1988, he coauthored On Borrowed Time with Peter G. Peterson, one of the early calls for budgetary reform (the book was reissued 2004). Since the late 1990s, Howe has also coauthored a number of academic studies published by CSIS, including the Global Aging Initiative’s Aging Vulnerability Index and The Graying of the Middle Kingdom: The Economics and Demographics of Retirement Policy in China. In 2008, he co-authored The Graying of the Great Powers with Richard Jackson.[12]

Selected bibliography

  • On Borrowed Time (1988)
  • Generations (1991)
  • 13th-GEN (1993)
  • The Fourth Turning (1997)
  • Global Aging: The Challenge of the Next Millennium (1999)
  • Millennials Rising (2000)
  • The 2003 Aging Vulnerability Index (2003)
  • Millennials Go To College (2003, 2007)
  • The Graying of the Middle Kingdom (2004)
  • Millennials and the Pop Culture (2005)
  • Long-Term Immigration Projection Methods (2006)
  • Millennials and K-12 Schools (2008)
  • The Graying of the Great Powers (2008)
  • Millennials in the Workplace (2010)

Notes

  1. ^ Howe, Neil. “Profile”. LinkedIn. Retrieved 4 October 2010.
  2. ^ Howe, Neil; Jackson, Richard; Rebecca Strauss; Keisuke Nakashima (2008). The Graying of the Great Powers. Center for Strategic and International Studies. p. 218. ISBN978-0-89206-532-5.
  3. ^ “Neil Howe”. Center for Strategic and International Studies. Archived from the original on 2010-10-08. Retrieved 4 October2010.
  4. ^ “Millennials Rising: The Next Great Generation”. Publisher Weekly. Retrieved 8 February 2017.
  5. ^ Howe, Neil; Strauss, William (1991). Generations:The History of America’s Future 1584-2069. New York: William Morrow and Company. ISBN0-688-08133-9.
  6. ^ Howe, Neil; Strauss, William (1997). The Fourth Turning. New York: Broadway Books. ISBN0-7679-0046-4.
  7. ^ Peters, Jeremy W. (9 April 2017). “Bannon’s Views Can Be Traced to a Book That Warns, ‘Winter Is ComingThe New York Times. p. A20. Retrieved 13 April 2017.
  8. ^ Howe, Neil; Strauss, William (1993). 13th Gen: Abort, Retry, Ignore, Fail?. New York: Vintage Print. ISBN0-679-74365-0.
  9. ^ Howe, Neil; Strauss, William (2000). Millennials Rising. New York: Vintage Books. ISBN0-375-70719-0.
  10. ^ Hoover, Eric (2009-10-11). “The Millennial Muddle: How stereotyping students became a thriving industry and a bundle of contradictions”The Chronicle of Higher Education. The Chronicle of Higher Education, Inc. Retrieved 2011-01-11.
  11. ^ Michael Lind (January 26, 1997). “Generation Gaps”The New York Times Book Review. Retrieved 1 November 2010.
  12. Jump up to:ab Howe, Neil; Reena Nadler (2010). Millennials in the Workplace. LifeCourse Associates. p. 246. ISBN978-0-9712606-4-1.

External links

https://en.wikipedia.org/wiki/Neil_Howe

 

William Strauss

From Wikipedia, the free encyclopedia

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William Strauss
William Strauss.jpg
Born December 5, 1947

Died December 18, 2007 (aged 60)

Nationality American
Alma mater Harvard University
Occupation
  • author
  • playwright
  • theatre director
  • lecturer
Known for Strauss–Howe generational theoryCapitol StepsCappies

William Strauss (December 5, 1947 – December 18, 2007) was an American author, playwright, theater director, and lecturer. As an author, he is known for his work with Neil Howe on social generations and for Strauss–Howe generational theory. He is also known as the co-founder and director of the satirical musical theater group the Capitol Steps, and as the co-founder of the Cappies, a critics and awards program for high school theater students.

 

Biography

Strauss was born in Chicago and grew up in Burlingame, California. He graduated from Harvard University in 1969. In 1973, he received a JD from Harvard Law School and a master’s in public policy from Harvard’s John F. Kennedy School of Government,[1] where he was a member of the program’s first graduating class.[2]

After receiving his degrees, Strauss worked in Washington, DC as a policy aid to the Presidential Clemency Board, directing a research team writing a report on the impact of the Vietnam War on the generation that was drafted. In 1978, Strauss and Lawrence Baskir co-authored two books on the Vietnam WarChance and Circumstance, and Reconciliation after Vietnam. Strauss later worked at the U.S. Department of Energy and as a committee staffer for Senator Charles Percy, and in 1980 he became chief counsel and staff director of the Subcommittee on Energy, Nuclear Proliferation, and Government Processes.[1]

In 1981, Strauss organized a group of senate staffers to perform satirical songs at the annual office Christmas party of his employer, Senator Percy. The group was so successful that Strauss went on to co-found a professional satirical troupe, the Capitol Steps, with Elaina Newport. The Capitol Steps is now a $3 million company with more than 40 employees who perform at venues across the country.[1] As director, Strauss wrote many of the songs, performed regularly off Broadway, and recorded 27 albums.

External video
 Booknotes interview with Strauss and Neil Howe on Generations, April 14, 1991C-SPAN

During the 1990s, Strauss developed another career as an historian and pop sociologist,[3] examining how generational differences shape attitudes, behaviors, and the course of history. He wrote seven books on social generations with Neil Howe, beginning with Generations in 1991.[4] In 1997, Strauss and Howe founded LifeCourse Associates, a publishing, speaking, and consulting company built on their generational theory. As a partner at LifeCourse, Strauss worked as a corporate, nonprofit, education, and government affairs consultant.

In 1999, Strauss received a diagnosis of pancreatic cancer. This prompted him to found the Cappies, a program to inspire the next generation of theater performers and writers.[1] Now an international program including hundreds of high schools, Cappies allows students to attend and review each other’s plays and musicals, publish reviews in major newspapers, and hold Tonys-style Cappies award Galas, in which Strauss acted as MC for the Fairfax County program. Strauss also founded Cappies International Theater, a summer program in which top Cappies winners perform plays and musicals written by teenagers.[5] In 2006 and 2007, Strauss advised creative teams of students who wrote two new musicals, Edit:Undo and SenioritisSenioritis was made into a movie that was released in 2007.[6]

Death

Strauss died of pancreatic cancer in his home in McLean, Virginia. His wife of 34 years, Janie Strauss, lives in McLean and is a member of the Fairfax County School Board. They have four grown children.

Work

Strauss authored multiple books on social generations, as well as a number of plays and musicals.

In 1978, he and Lawrence Baskir co-authored Chance and Circumstance, a book about the Vietnam-era draft. Their second book, Reconciliation After Vietnam (1978) “was said to have influenced” President Jimmy Carter‘s blanket pardon of Vietnam draft resisters.[1]

Strauss’s books with Neil Howe include Generations (1991) and The Fourth Turning (1997), which examine historical generations and describe a theorized cycle of recurring mood eras in American History (now described as the Strauss-Howe generational theory).[7][8] The book made a deep impression on Steve Bannon, who wrote and directed Generation Zero (2010), a Citizens United Productions film on the book’s theory, prior to his becoming White House Chief Strategist.[9]

Howe and Strauss also co-authored 13th Gen (1993) about Generation X, and Millennials Rising (2000) about the Millennial Generation.[10][11]

Eric Hoover has called the authors pioneers in a burgeoning industry of consultants, speakers and researchers focused on generations. He wrote a critical piece about the concept of “generations” and the “Millennials” (a term coined by Strauss and Howe) for the Chronicle of Higher Education.[12] Michael Lind offered his critique of Howe’s book “Generations” for the New York Times.[13]

Strauss also wrote a number of application books with Howe about the Millennials’ impact on various sectors, including Millennials Go to College (2003, 2007), Millennials in the Pop Culture (2005), and Millennials in K-12 Schools (2008).

Strauss wrote three musicals, MaKiddoFree-the-Music.com, and Anasazi, and two plays, Gray Champions and The Big Bump, about various themes in the books he has co-authored with Howe. He also co-wrote two books of political satire with Elaina Newport, Fools on the Hill (1992) and Sixteen Scandals (2002).[14]

Selected bibliography

Books

  • Chance and Circumstance (1978)
  • Reconciliation After Vietnam (1978)
  • Generations (1991)
  • Fools on the Hill (1992)
  • 13th-GEN (1993)
  • The Fourth Turning (1997)
  • Millennials Rising (2000)
  • Sixteen Scandals (2002)
  • Millennials Go To College (2003, 2007)
  • Millennials and the Pop Culture (2006)
  • Millennials and K-12 Schools (2008)

Plays and musicals

  • MaKiddo (2000)
  • Free-the-Music.com (2001)
  • The Big Bump (2001)
  • Anasazi (2004)
  • Gray Champions (2005)

Notes

  1. Jump up to:a b c d e Holley, Joe (December 19, 2007). “Bill Strauss, 60; Political Insider Who Stepped Into Comedy”Washington Post.
  2. ^ “Harvard Kennedy School-History”. Retrieved October 5,2010.
  3. ^ “Millennials Rising: The Next Great Generation”. Publisher Weekly. Retrieved February 8, 2017.
  4. ^ “William Strauss, Founding Partner”. LifeCourse Associates. Retrieved October 5, 2010.
  5. ^ Martin, Noah (August 5, 2008). “The Joy of Capppies”Centre View Northern Edition. Retrieved October 5, 2010.
  6. ^ Toppo, Gregg (July 31, 2007). “A School Musical in Their Own Words”USA Today. Retrieved October 5, 2010.
  7. ^ Howe, Neil; Strauss, William (1991). Generations:The History of America’s Future 1584–2069. New York: William Morrow and Company. ISBN 0-688-08133-9.
  8. ^ Howe, Neil; Strauss, William (1997). The Fourth Turning. New York: Broadway Books. ISBN 0-7679-0046-4.
  9. ^ Peters, Jeremy W. (April 9, 2017). “Bannon’s Views Can Be Traced to a Book That Warns, ‘Winter Is ComingThe New York Times. p. A20. Retrieved April 13, 2017.
  10. ^ Howe, Neil; Strauss, William (1993). 13th Gen: Abort, Retry, Ignore, Fail?. New York: Vintage Print. ISBN 0-679-74365-0.
  11. ^ Howe, Neil; Strauss, William (2000). Millennials Rising. New York: Vintage Books. ISBN 0-375-70719-0.
  12. ^ Hoover, Eric (October 11, 2009). “The Millennial Muddle: How stereotyping students became a thriving industry and a bundle of contradictions”The Chronicle of Higher Education. The Chronicle of Higher Education, Inc. Retrieved January 11, 2011.
  13. ^ Lind, Michael (January 26, 1997). “Generation Gaps”New York Times Review of Books. Retrieved November 1, 2010.
  14. ^ “William Strauss”williamstrauss.com. Retrieved October 5,2010.

External links

https://en.wikipedia.org/wiki/William_Strauss

US deficit hits nearly $1 trillion. When will it matter?

By MARTIN CRUTSINGER

The Trump administration reported a river of red ink Friday.

The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for the next decade.

The year-over-year widening in the deficit reflected such factors as revenue lost from the 2017 Trump tax cut and a budget deal that added billions in spending for military and domestic programs.

Forecasts by the Trump administration and the Congressional Budget Office project that the deficit will top $1 trillion in the 2020 budget year, which began Oct. 1. And the CBO estimates that the deficit will stay above $1 trillion over the next decade.

Those projections stand in contrast to President Donald Trump’s campaign promises that even with revenue lost initially from his tax cuts, he could eliminate the budget deficit with cuts in spending and increased growth generated by the tax cuts.

Here are some questions and answers about the current state of the government’s finances.

___

WHAT HAPPENED?

The deficit has been rising every year for the past four years. It’s a stretch of widening deficits not seen since the early 1980s, when the deficit exploded with President Ronald Reagan’s big tax cut.

For 2019, revenues grew 4%. But spending jumped at twice that rate, reflecting a deal that Trump reached with Congress in early 2018 to boost spending.

___

WHY DOESN’T WASHINGTON DO SOMETHING ABOUT IT?

Fiscal hawks have long warned of the economic dangers of running big government deficits. Yet the apocalypse they fear never seems to happen, and the government just keeps on spending.

There have been numerous attempts by presidents after Reagan to control spending. President George H.W. Bush actually agreed to a tax increase to control deficits when he was in office, breaking his “Read my lips” pledge not to raise taxes.

And a standoff between President Bill Clinton and House Speaker Newt Gingrich did produce a rare string of four years of budget surpluses from 1998 through 2001. In fact, the budget picture was so bright when George W. Bush took office in 2001 that the Congressional Budget Office projected that the government would run surpluses of $5.6 trillion over the next decade.

That didn’t happen. The economy slid into a mild recession, Bush pushed through a big tax cut and the war on terrorism sent military spending surging. Then the 2008 financial crisis erupted and triggered a devastating recession. The downturn produced the economy’s first round of trillion-dollar deficits under President Barack Obama and is expected to do so again under Trump.

___

SHOULD WE WORRY?

As far as most of us can tell, the huge deficits don’t seem to threaten the economy or elevate the interest rates we pay on credit cards, mortgages and car loans. And in fact, the huge deficits are coinciding with a period of ultra-low rates rather than the surging borrowing costs that economists had warned would likely occur if government deficits got this high.

There is even a new school of economic theory known as the “modern monetary theory.” It argues that such major economies as the United States and Japan don’t need to worry about running deficits because their central banks can print as much money as they need.

Yet this remains a distinctly minority view among economists. Most still believe that while the huge deficits are not an immediate threat, at some point they will become a big problem. They will crowd out borrowing by consumers and businesses and elevate interest rates to levels that ignite a recession.

What’s more, the interest payments on the deficits become part of a mounting government debt that must be repaid and could depress economic growth in coming years. In fact, even with low rates this year, the government’s interest payments on the debt were one of the fastest growing items in the budget, rising nearly 16% to $375.6 billion.

___

HAVEN’T ECONOMISTS BEEN MAKING THESE WARNING FOR DECADES?

Federal Reserve Chairman Jerome Powell says the day of reckoning is still coming but isn’t here yet. Most analysts think any real solution will involve a combination of higher taxes and cost savings in the government’s huge benefit programs of Social Security and Medicare.

___

ANY SIGN THAT WASHINGTON MAY TAKE THE POLITICALLY PAINFUL STEPS TO CUT THE DEFICIT?

In short, no. There has been a major change since the first round of trillion-dollar deficits prompted the Tea Party revolt. This shift brought Republicans back into power in the House and incited a round of fighting between GOP congressional leaders and the Obama administration. A result was government shutdowns and near-defaults on the national debt.

But once Trump took office, things changed: The president focused on his biggest legislative achievement, the $1.5 trillion tax cut passed in 2017. This appeared to satisfy Republican lawmakers and quelled concerns about rising deficits.

Democratic presidential candidates have for the most part pledged to roll back Trump’s tax cuts for corporations and wealthy individuals. But they would use the money not to lower the deficits but for increased spending on expensive programs such as Medicare for All.

___

SO THE DEFICITS WON’T ANIMATE THE PRESIDENTIAL CAMPAIGN?

It doesn’t seem likely, though former Rep. Mark Sanford, who has mounted a long-shot Republican campaign against Trump, is urging Republican voters to return to their historic concerns about the high deficits.

And economists note that today’s huge deficits are occurring when the economy is in a record-long economic expansion. This is unlike the previous stretch of trillion-dollar deficits, which coincided with the worst recession since the 1930s.

But analysts warn that if the economy does go into a recession, the huge deficits projected now will expand significantly — possibly to a size that would send interest rates surging. Such a development, if it sparked worries about the stability of the U.S. financial system, might produce the type of deficit crisis they have been warning about for so long.

https://apnews.com/caeb6d6c4eff45e4bc5da12db06004bc

Federal budget deficit climbs to $984billion – the highest in seven years – despite economic growth and low unemployment

  • Congressional Budget Office released figures for financial year 2019 on Monday 
  • They showed the deficit had risen to $984bn, $200million higher than last year 
  • Figure is highest in seven years, and $20million larger than August prediction
  • 2019 also marked fourth straight year the deficit grew faster than the economy 

Federal deficit increases 26% to $984 billion for fiscal 2019, highest in 7 years

 POINTS
  • The U.S. Treasury on Friday said that the federal deficit for fiscal 2019 was $984 billion, a 26% increase from 2018 but still short of the $1 trillion mark.
  • The U.S. government also collected nearly $71 billion in customs duties, or tariffs, a 70% increase compared to the year-ago period.
  • The gap between revenues and spending was the widest in seven years. Defense, Medicare and interest payments ballooned the shortfall.

Federal deficit baloons to $984 billion for fiscal 2019, highest in 7 years

The U.S. Treasury on Friday said that the federal deficit for fiscal 2019 was $984 billion, a 26% increase from 2018 but still short of the $1 trillion mark previously forecast by the administration.

The gap between revenues and spending was the widest it’s been in seven years as expenditures on defense, Medicare and interest payments on the national debt ballooned the shortfall.

The government said corporate tax revenues totaled $230 billion, up 12%, thanks to a rebound in the second half of the year. Individual tax revenues rose 2% to $1.7 trillion.

Receipts totaled $3.4 trillion, up 4% through September, while federal spending rose 8%, to $4.4 trillion.

 The U.S. government also collected nearly $71 billion in customs duties, or tariffs, a 70% increase compared to the year-ago period. As a percentage of U.S. economic output the deficit was 4.6%, 0.8 percentage points higher than the previous year.

“President Trump’s economic agenda is working: the Nation is experiencing the lowest unemployment rate in nearly 50 years, there are more jobs to fill than there are job seekers, and Americans are experiencing sustained year-over-year wage increases,” said U.S. Treasury Secretary Steven Mnuchin in a press release.

“In order to truly put America on a sustainable financial path, we must enact proposals—like the President’s 2020 budget plan—to cut wasteful and irresponsible spending,” he added.

Annual deficits have nearly doubled under President Donald Trump’s tenure notwithstanding an unemployment rate at multidecade lows and better earnings figures. Deficits usually shrink during times of economic growth as higher incomes and Wall Street profits buoy Treasury coffers, while automatic spending on items like food stamps decline.

Two big bipartisan spending bills, combined with the administration’s landmark tax cuts, however, have defied the typical trends and instead aggravated deficits. The Congressional Budget Office projects the trillion-dollar deficit could come as soon as fiscal 2020.

Still, the Treasury’s report will likely come as a relief to the Trump administration, which had previously forecast that the deficit would hit $1 trillion during the 2019 fiscal year. The White House pushed through a $1.5 trillion tax cut nearly two years ago that President Trump vowed would pay for itself.

— CNBC’s Ylan Mui contributed to this report.

https://www.cnbc.com/2019/10/25/federal-deficit-increases-26percent-to-984-billion-for-fiscal-2019.html

American Generation Fast Facts

(CNN)Here’s a look at six generations of Americans in the 20th century: the Greatest Generation (or GI Generation), the Silent Generation, baby boomers, Generation X, millennials and Generation Z. In order to examine economic trends and social changes over time, demographers compare groupings of people bracketed by birth year. There are sometimes variations in the birth year that begins or ends a generation, depending on the source. The groupings below are based on studies by the US Census, Pew Research and demographers Neil Howe and William Strauss.

The Greatest Generation (or GI Generation)
Born in 1924 or earlier.
Tom Brokaw coined the term the Greatest Generation as a tribute to Americans who lived through the Great Depression and then fought in WWII. His 1998 bestselling book, “The Greatest Generation,” popularized the term.
John F. Kennedy, born in 1917, was the first member of the Greatest Generation to become president. Lyndon B. Johnson, Richard M. Nixon, Gerald R. Ford, Ronald ReaganJimmy Carter, and George H.W. Bush were also born between 1901 and 1924.
The Silent Generation
Born 1925-1945 (Sometimes listed as 1925-1942).
A 1951 essay in Time magazine dubbed the people in this age group the “Silent Generation” because they were more cautious than their parents. “By comparison with the ‘Flaming Youth’ of their fathers & mothers, today’s younger generation is a still, small flame.”
The Silent Generation helped shape 20th century pop culture, with pioneering rock musicians, iconic filmmakers, television legends, beat poets, gonzo journalists and groundbreaking political satirists.
No members of the Silent Generation have served as president.
Baby Boomers
Born 1946-1964 (Sometimes listed as 1943-1964)
Baby boomers were named for an uptick in the post-WWII birth rate.
At the end of 1946, the first year of the baby boom, there were approximately 2.4 million baby boomers. In 1964, the last year of the baby boom, there were nearly 72.5 million baby boomers. The population peaked in 1999, with 78.8 million baby boomers, including people who immigrated to the United States and were born between 1946 and 1964.
Bill Clinton was the first baby boomer to serve as president. George W. BushBarack Obama and President Donald Trump are also baby boomers.
Generation X
Born 1965-1980 (Sometimes listed as 1965-1979)
“Class X” was the name of a chapter in a 1983 book, “Class: A Guide Through the American Status System,” by historian Paul Fussell. Novelist Douglas Coupland used the term as the title of his first book, “Generation X: Tales for An Accelerated Culture,” published in 1991.
No members of Generation X have served as president.
In the 2016 presidential election, Generation X-ers and Millennials made up more than half of the electorate, according to Pew. For the first time in decades, younger voters outnumbered older voters, albeit by a slight margin. Millennials and Generation-X-ers (age 18-51), cast 69.6 million votes, compared with 67.9 million votes cast by Baby Boomers and older voters (age 52 and up).
Millennials
Born 1981-1996 (Sometimes listed as 1980-2000)
Howe and Strauss introduced the term millennials in 1991, the year their book, “Generations,” was published.
In 2014, the number of millennials in the United States eclipsed the number of baby boomers, according to the Census Bureau. The Census counted approximately 83.1 million millennials, compared with 75.4 million baby boomers. Millennials represented one quarter of the nation’s population. The Census also reported that millennials are more diverse than previous generations, as 44.2% are part of a minority race or ethnic group.
About 39% of millennials ages 25-37 have a bachelor’s degree or higher, a larger percentage than previous generations, according to Pew. Millennials with a bachelor’s degree or higher had a median annual earnings valued at $56,000 in 2018, about the same earnings as Generation X workers in 2001. Millennials without a college education had lower earnings that prior generations. About 46% of millennials ages 25-37 were married in 2018, a lower percentage than Generation X (57%), baby boomers (67%) and the Silent Generation (83%).
About 15% of millennials age 25-37 lived at home with their parents as of 2018, according to Pew. Fewer members of older generations lived at home with their parents between the ages of 25-37. The rate for Generation-X was 9%. The rate for Baby Boomers and the Silent Generation was 8%. Education factors into the percentage of millennials living at home. Among millennials without college degrees, 20% lived at home with their parents.
2016 was the first year any millennial was eligible to run for president (the minimum age is 35).
Generation Z or Gen Z (sometimes called post-millennials)
Born 1997-current
According to Pew, Gen Z is the most racially and ethnically diverse cohort. One in four members of Gen Z are Hispanic while 52% are non-Hispanic white and 14% are black. A total of 6% are Asian and the remaining 4% are of another racial identity, primarily two or more races. The majority of individuals in Gen Z live in metropolitan areas and western states, with just 13% residing in rural areas.
High school completion and college enrollment rates for Gen Z are up, with significant increases for young adults who are Hispanic or African-American, according to Pew. In 2017, 64% of Gen Z women aged 18-20 were enrolled in college, an increase over millennials (57%) and Generation X (43%).

Story 2: Justice Department Opens Criminal Investigation of Spygate — Clinton Obama Democrat Criminal Conspiracy — Videos

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SPYING: William Barr Says Trump Campaign Was Spied On By Feds

Justice Dept. Is Said to Open Criminal Inquiry Into Its Own Russia Investigation

The move is likely to open the attorney general to accusations that he is trying to deliver a political victory for President Trump.

President Trump has long sought to undermine the Russia investigation, attacking it as a hoax.
Credit…Anna Moneymaker/The New York Times

WASHINGTON — For more than two years, President Trump has repeatedly attacked the Russia investigation, portraying it as a hoax and illegal even months after the special counsel closed it. Now, Mr. Trump’s own Justice Department has opened a criminal investigation into how it all began.

Justice Department officials have shifted an administrative review of the Russia investigation closely overseen by Attorney General William P. Barr to a criminal inquiry, according to two people familiar with the matter. The move gives the prosecutor running it, John H. Durham, the power to subpoena for witness testimony and documents, to convene a grand jury and to file criminal charges.

The opening of a criminal investigation is likely to raise alarms that Mr. Trump is using the Justice Department to go after his perceived enemies. Mr. Trump fired James B. Comey, the F.B.I. director under whose watch agents opened the Russia inquiry, and has long assailed other top former law enforcement and intelligence officials as partisans who sought to block his election.

Mr. Trump has made clear that he sees the typically independent Justice Department as a tool to be wielded against his political enemies. That view factors into the impeachment investigation against him, as does his long obsession with the origins of the Russia inquiry. House Democrats are examining in part whether his pressure on Ukraine to open investigations into theories about the 2016 election constituted an abuse of power.

The move also creates an unusual situation in which the Justice Department is conducting a criminal investigation into itself.

Mr. Barr’s reliance on Mr. Durham, a widely respected and veteran prosecutor who has investigated C.I.A. torture and broken up Mafia rings, could help insulate the attorney general from accusations that he is doing the president’s bidding and putting politics above justice.

It was not clear what potential crime Mr. Durham is investigating, nor when the criminal investigation was prompted. A Justice Department spokeswoman declined to comment.

Mr. Trump is certain to see the criminal investigation as a vindication of the years he and his allies have spent trying to discredit the Russia investigation. In May, Mr. Trump told the Fox News host Sean Hannity that the F.B.I. officials who opened the case — a counterintelligence investigation into whether his campaign conspired with Moscow’s election sabotage — had committed treason.

“We can never allow these treasonous acts to happen to another president,” Mr. Trump said. He has called the F.B.I. investigation one of the biggest political scandals in United States history.

Federal investigators need only a “reasonable indication” that a crime has been committed to open an investigation, a much lower standard than the probable cause required to obtain search warrants. However, “there must be an objective, factual basis for initiating the investigation; a mere hunch is insufficient,” according to Justice Department guidelines.

When Mr. Barr appointed Mr. Durham, the United States attorney in Connecticut, to lead the review, he had only the power to voluntarily question people and examine government files.

Mr. Barr expressed skepticism of the Russia investigation even before joining the Trump administration. Weeks after being sworn in this year, he said he intended to scrutinize how it started and used the term “spying” to describe investigators’ surveillance of Trump campaign advisers. But he has been careful to say he wants to determine whether investigators acted lawfully.

“The question is whether it was adequately predicated,” he told lawmakers in April. “And I’m not suggesting that it wasn’t adequately predicated. But I need to explore that.”

The F.B.I. did not use information from the C.I.A. in opening the Russia investigation, former American officials said. But agents’ views on Russia’s election interference operation crystallized by mid-August, after the C.I.A. director at the time, John O. Brennan, shared intelligence with Mr. Comey about it.

The C.I.A. did contribute heavily to the intelligence community’s assessment in early 2017 that Russia interfered in the 2016 election and tried to tip it in Mr. Trump’s favor, and law enforcement officials later used those findings to bolster their application for a wiretap on a Trump campaign adviser, Carter Page.

The special counsel who took over the Russia investigation in 2017, Robert S. Mueller III, secured convictions or guilty pleas from a handful of Trump associates and indictments of more than two dozen Russians on charges related to their wide-ranging interference scheme.

In his report, Mr. Mueller said that he had “insufficient evidence” to determine whether Mr. Trump or his aides engaged in a criminal conspiracy with the Russians but that the campaign welcomed the sabotage and expected to benefit from it.

Mr. Barr is closely managing the Durham investigation, even traveling to Italy to seek help from officials there to run down an unfounded conspiracy that is at the heart of conservatives’ attacks on the Russia investigation — that the Italian government helped set up the Trump campaign adviser who was told in 2016 that the Russians had damaging information that could hurt Clinton’s campaign.

But Italy’s intelligence services told Mr. Barr that they played no such role in the events leading to the Russia investigation, Prime Minister Giuseppe Conte of Italy said in a news conference on Wednesday. Mr. Barr has also contacted government officials in Britain and Australia about their roles in the early stages of the Russia investigation.

Revelations so far about Mr. Durham’s investigation have shown that he has focused in his first months on the accusations that Mr. Trump’s conservative allies have made about the origins of the Russia inquiry in their efforts to undermine it. Mr. Durham’s efforts have prompted criticism that he and Mr. Barr are trying to deliver the president a political victory, though investigators would typically run down all aspects of a case to complete a review of it.

Mr. Durham is running the investigation with a trusted aide, Nora R. Dannehy, and a pair of retired F.B.I. agents. Other prosecutors are also assisting, people familiar with the investigation said.

In interviewing more than two dozen former and current F.B.I. and intelligence officials, Mr. Durham’s investigators have asked about any anti-Trump bias among officials who worked on the Russia investigation and about one aspect of the investigation that was at the heart of highly contentious allegations that they abused their powers: the secret application seeking a court order for a wiretap on Mr. Page.

Law enforcement officials suspected Mr. Page was the target of recruitment by the Russian government, which he has denied.

Mr. Durham has also asked whether C.I.A. officials might have somehow tricked the F.B.I. into opening the Russia investigation.

Mr. Durham has indicated he wants to interview former officials who ran the C.I.A. in 2016 but has yet to question either Mr. Brennan or James R. Clapper Jr., the former director of national intelligence. Mr. Trump has repeatedly attacked them as part of a vast conspiracy by the so-called deep state to stop him from winning the presidency.

Some C.I.A. officials have retained criminal lawyers in anticipation of being interviewed. It was not clear whether Mr. Durham was scrutinizing other former top intelligence officials. Adm. Michael S. Rogers, the former director of the National Security Agency, declined to say whether he had spoken with Mr. Durham’s investigators.

Mr. Durham also has yet to question many of the former F.B.I. officials involved in opening the Russia investigation.

As Mr. Durham’s investigation moves forward, the Justice Department inspector general is wrapping up his own inquiry into aspects of the F.B.I.’s conduct in the early days of the Russia investigation. Among other things, the inspector general, Michael E. Horowitz, is scrutinizing the application for a warrant to wiretap Mr. Page.

Mr. Barr has not said whether Mr. Durham’s investigation grew out of the inspector general’s findings or something that prosecutors unearthed while doing interviews or reviewing documents. But the inspector general’s findings, which are expected to be made public in coming weeks, could contribute to the public’s understanding of why Mr. Durham might want to investigate national security officials’ activities in 2016.

Though the inspector general’s report deals with sensitive information, Mr. Horowitz anticipates that little of it will be blacked out when he releases the document publicly, he wrote in a lettersent to lawmakers on Thursday and obtained by The New York Times.

Mr. Durham has delved before into the secret world of intelligence gathering during the Bush and Obama administrations. He was asked in 2008 to investigate why the C.I.A. destroyed tapes depicting detainees being tortured. The next year, Attorney General Eric H. Holder Jr. appointed Mr. Durham to spearhead an investigation into the C.IA. abuses.

Career prosecutors had already examined many of the same cases and declined to bring charges, and in an echo of the Russia investigation, they fumed that Mr. Holder was revisiting the issue. Representative Peter Hoekstra of Michigan, then the top Republican on the House Intelligence Committee, said that the abuses had been “exhaustively reviewed” and that a new inquiry could put national security at risk.

After nearly four years, Mr. Durham’s investigation ended with no charges against C.I.A. officers, including two directly involved in the deaths of two detainees, angering human rights activists.

Nicholas Fandos contributed reporting.

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The Pronk Pops Show 1343, October 17, 2019, Story 1: United States Negotiates A 5 Day Cease Fire With Turkey and 20 Mile Buffer Zone — Videos — Story 2: Senate Fails To Override Trump’s Veto  of Legislation Approved by the Senate and House of Representatives to Kill His Border Emergency — Videos — Story 3: Secretary of Energy Rick Perry Resigns End Of Year — Going Home To Texas — Videos

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