Climate Change

The Pronk Pops Show 1381, January 21, 2020, Story 1: President Trump Among The Globalist Elitists At World Economic Forum — Boom vs. Doom — A Conflict of Visions — Claim: The United States Is Back and Booming — Reality: Big Government Spending Parties Budget Busters on Verge of Bubble Busting and Global Recession — The Party Is Over — Big Spender — Videos — Story 2: Radical Extremist Democrat Socialist (REDS) and Big Lie Media Failed Coup with Unconstitutional Impeachment of Trump Based On Big Lie Propaganda Smear Campaign — American People Will Find Trump Not Guilty and Vote Democrats Out of Office — Videos

Posted on January 22, 2020. Filed under: 2020 Democrat Candidates, 2020 President Candidates, 2020 Republican Candidates, Addiction, Addiction, American History, Applications, Banking System, Bernie Sanders, Blogroll, Breaking News, Bribery, Bribes, Budgetary Policy, Business, Cartoons, Central Intelligence Agency, Climate, Climate Change, Clinton Obama Democrat Criminal Conspiracy, Coal, Communications, Computers, Congress, Constitutional Law, Corruption, Countries, Crime, Culture, Currencies, Deep State, Defense Spending, Disasters, Diseases, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Drugs, Economics, Economics, Education, Elections, Elizabeth Warren, Empires, Employment, Energy, Environment, European History, European Union, Federal Bureau of Investigation (FBI), Federal Government, Fifth Amendment, First Amendment, Foreign Policy, Former President Barack Obama, Fourth Amendment, Fraud, Free Trade, Freedom of Religion, Freedom of Speech, Government, Government Dependency, Government Spending, Hardware, Health Care Insurance, High Crimes, Hillary Clinton, Hillary Clinton, History, House of Representatives, Housing, Human, Human Behavior, Illegal Drugs, Illegal Immigration, Illegal Immigration, Immigration, Impeachment, Independence, Investments, Joe Biden, Labor Economics, Language, Law, Legal Drugs, Legal Immigration, Life, Lying, Media, Medicare, Military Spending, Monetary Policy, Music, National Interest, National Security Agency, Natural Gas, Natural Gas, News, Nuclear, Nutrition, Oil, Oil, People, Philosophy, Photos, Politics, Polls, President Trump, Progressives, Public Relations, Radio, Raymond Thomas Pronk, Regulation, Religion, Resources, Robert S. Mueller III, Rule of Law, Scandals, Second Amendment, Security, Senate, Servers, Social Science, Social Sciences, Social Security, Software, Spying, Spying on American People, Subversion, Success, Supplemental Nutrition Assistance Program (SNAP_, Surveillance and Spying On American People, Surveillance/Spying, Tax Policy, Taxation, Taxes, Treason, Trump Surveillance/Spying, U.S. Dollar, Unemployment, Unions, United States Constitution, United States of America, United States Supreme Court, Videos, Violence, Wall Street Journal, Water, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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The Pronk Pops Show Podcasts

Pronk Pops Show 1381 January 21, 2020

Pronk Pops Show 1380 January 17, 2020

Pronk Pops Show 1379 January 16, 2020

Pronk Pops Show 1378 January 15, 2020

Pronk Pops Show 1377 January 14, 2020

Pronk Pops Show 1376 January 13, 2020

Pronk Pops Show 1375 December 13, 2019

Pronk Pops Show 1374 December 12, 2019

Pronk Pops Show 1373 December 11, 2019

Pronk Pops Show 1372 December 10, 2019

Pronk Pops Show 1371 December 9, 2019

Pronk Pops Show 1370 December 6, 2019

Pronk Pops Show 1369 December 5, 2019

Pronk Pops Show 1368 December 4, 2019 

Pronk Pops Show 1367 December 3, 2019

Pronk Pops Show 1366 December 2, 2019

Pronk Pops Show 1365 November 22, 2019

Pronk Pops Show 1364 November 21, 2019

Pronk Pops Show 1363 November 20, 2019

Pronk Pops Show 1362 November 19, 2019

Pronk Pops Show 1361 November 18, 2019

Pronk Pops Show 1360 November 15, 2019

Pronk Pops Show 1359 November 14, 2019

Pronk Pops Show 1358 November 13, 2019

Pronk Pops Show 1357 November 12, 2019

Pronk Pops Show 1356 November 11, 2019

Pronk Pops Show 1355 November 8, 2019

Pronk Pops Show 1354 November 7, 2019

Pronk Pops Show 1353 November 6, 2019

Pronk Pops Show 1352 November 5, 2019

Pronk Pops Show 1351 November 4, 2019

Pronk Pops Show 1350 November 1, 2019

Pronk Pops Show 1349 October 31, 2019

Pronk Pops Show 1348 October 30, 2019

Pronk Pops Show 1347 October 29, 2019

Pronk Pops Show 1346 October 28, 2019

Pronk Pops Show 1345 October 25, 2019

Pronk Pops Show 1344 October 18, 2019

Pronk Pops Show 1343 October 17, 2019

Pronk Pops Show 1342 October 16, 2019

Pronk Pops Show 1341 October 15, 2019

Pronk Pops Show 1340 October 14, 2019

Pronk Pops Show 1339 October 11, 2019

Pronk Pops Show 1338 October 10, 2019

Pronk Pops Show 1337 October 9, 2019

Pronk Pops Show 1336 October 8, 2019

Pronk Pops Show 1335 October 7, 2019

 Pronk Pops Show 1334 October 4, 2019

Pronk Pops Show 1333 October 3, 2019

Pronk Pops Show 1332 October 2, 2019

Pronk Pops Show 1331 October 1, 2019

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Repo Market END GAME Finally Revealed! (Can YOU Handle The Truth?)

Story 1: President Trump Among The Globalist Elitists At World Economic Forum — Boom vs. Doom — A Conflict of Visions — Claim: The United States Is Back and Booming — Reality: Big Government Spending Parties Budget Busters on Verge of Bubble Busting and Global Recession — The Party Is Over — Big Spender — Videos

U.S. Debt Clock

President Trump Delivers Opening Remarks at the World Economic Forum

Trump took swipe at Dem candidates, environmentalists at Davos: Report

Will Davos summit world leaders aim to copy Trump’s economy?

Peter Schiff – The Fed’s Exit Plan is QE Infinity

Peter Schiff Predicts US Bankruptcy – Is He Right? (ANSWER REVEALED)

The Real Crash By Peter D. Schiff

Recession 2020 — 13 Signs That Recession will be Global and Worse than 1929

Dr. Marc Faber: The Fed Started QE to Infinity in 2008

Jim Willie: The Federal Reserve Is Buying Everything In Sight (Part 1)

Record-Breaking U.S. Economy Has A Massive Recession Deficit – Here’s Why

3 Alarming Indicators Point to a Stock Market Crash

Recession 2020: 5 Reasons It Will Be Worse Than 2009

JIM ROGERS WARNS CATASTROPHIC ECONIOMIC CRISIS, PAPER WEALTH BUBBLE WILL IMPLODE, WEALTH GAP WIDENS

JIM ROGERS VS JIM WILLIE 2020

Economic Collapse 2020 : Uncle Sam is Spending us Into Oblivion !!

David Stockman on the Trump economy

U.S. Economic Outlook 2020: On Firmer Ground

U.S. Economy in Sub-Trend Growth, Not Outright Recession: BofA’s Meyer

Income inequality is declining in Trump’s economy: Steve Moore

Expect the U.S. Economy to Bottom Out in 1Q of 2020, Says Allianz’s Subran

Everyone is benefiting from the Trump boom: Larry Kudlow

Who deserves credit for the booming economy?

Top 10 Economies of Europe 2019 ( by Nominal GDP )

Top 20 Economies – Europe 2019 (Nominal GDP)

Highest Unemployment Rate (1981-2025)

Lowest Unemployment Rate (1981-2025)

Europe (EU) Countries by Government Debt (as % of GDP) (2000-2018) Ranking [4K]

Nat King Cole – “The Party’s Over”

The Party’s Over

The party’s over
It’s time to call it a day
They’ve burst your pretty balloon
And taken the moon away
It’s time to wind up the masquerade
Just make your mind up the piper must be paid
The party’s over
The candles flicker and dim
You danced and dreamed through the night
It seemed to be right just being with him
Now you must wake up, all dreams must end
Take off your makeup, the party’s over
It’s all over, my friend
The party’s over
It’s time to call it a day
Now you must wake up, all dreams must end
Take off your makeup, the party’s over
It’s all over, my friend
It’s all over, my friend
Source: LyricFind
Songwriters: Gladys Harris
The Party’s Over lyrics © Warner/Chappell Music, Inc

 

Big Spender

Big Spender

The minute you walked in the joint
I could see you were a man of distinction
A real big spender
Good lookin’ so refined
Say, wouldn’t you like to know what’s goin’ on in my mind?
So let me get right to the point
I don’t pop my cork for every man I see
Hey big spender,
Spend a little time with me
Wouldn’t you like to have fun, fun, fun
How’s about a few laughs, laughs
I could show you a good time
Let me show you a good time!
The minute you walked in the joint
I could see you were a man of distinction
A real big spender
Good lookin’ so refined
Say, wouldn’t you like to know what’s goin’ on in my mind?
So let me get right to the point,
I don’t pop my cork for every guy I see
Hey big spender
Hey big spender
Hey big spender
Spend, a little time with me
Yes
Source: LyricFind
Songwriters: Cy Coleman / Dorothy Fields
Big Spender lyrics © Downtown Music Publishing, BMG Rights Management, Words & Music A Div Of Big Deal Music LLC

 

 

Donald Trump tells Davos audience he rejects environmental ‘prophets of doom’ as grim-faced Greta Thunberg looks on before she tells delegates ‘our house is still on fire’ and ‘to act as if you loved your children’

  • Donald Trump gave first keynote address to leaders at the World Economic forum in Davos on Tuesday
  • He called on countries to ‘reject the prophets of doom’ on the environment, calling them ‘foolish’
  • Remark was a swipe at teenage activist Greta Thunberg, who was sitting in the audience as he spoke
  • Thunberg gave a speech insisting ‘our house is still on fire’, before adding: ‘What will you tell your children?’ 

Donald Trump urged world leaders at Davos to ‘reject the environmental prophets of doom’ during his keynote address to the World Economic Forum on Tuesday.

The US President branded climate activists ‘the heirs of yesterday’s foolish fortune tellers’ while rattling off a list of projections that he said failed to come true, including overpopulation in the 1960s and the ‘end of oil’ in the 1990s.

Trump’s remarks were a clear swipe at 17-year-old Greta Thunberg who was sitting in the audience for his speech and had earlier chastised world and business leaders for ‘doing nothing’ to stop climate change.

He then touted America’s fossil fuel revolution in the form of shale gas and oil, inviting European leaders to invest.

In her own speech just a few minutes afterwards, Greta urged leaders to immediately stop investing in fossil fuels, and to pull subsidies for companies making energy from them.

Trump rejects environmental ‘prophets of doom’ in Davos speech

Donald Trump gave the first keynote address to the World Economic Forum in Davos on Sunday, telling world leaders to  reject 'prophets of doom' on the environment and calling them 'foolish'

Trump insisted that 'now is a time for optimism' as he touted the American shale oil and gas revolution, while encouraging European leaders to invest

The remark was  swipe at teen climate activist Greta Thunberg, who sat in the audience during his speech (pictured)

The remark was  swipe at teen climate activist Greta Thunberg, who sat in the audience during his speech (pictured)

Greta had earlier in the day accused world leaders of failing to do anything to protect the climate, ahead of a second address due to take place this afternoon

Greta, who was due to give her own address shortly after Trump, was pictured leaving the auditorium while the US President was still on stage behind her

Donald Trump speaks to waiting members of the media following his keynote address at Davos on Tuesday morning

Also in the auditorium listening to the speech was Trump's daughter Ivanka (left) and her husband Jared Kushner (centre)

Also in the auditorium listening to the speech was Trump’s daughter Ivanka (left) and her husband Jared Kushner (centre)

Trump used his speech to tout the US shale gas and oil revolution which has made America the largest producer of oil and gas in the world, before inviting European leaders to buy it

Greta had walked out while Trump was still stood on stage in order to deliver her address to a smaller audience, in which she insisted on the need for greater action on the climate.

(Scroll down for her full speech)

In a swipe at the President’s pledge to join the ‘trillion trees’ initiative, she said that it is no good planting trees across Africa ‘while at the same time forests like the Amazon are being slaughtered at an infinitely higher rate’.

‘I wonder, what will you tell your children was the reason to fail and leave them facing a climate chaos you knowingly brought upon them?’ she asked.

Parroting her remarks from when she addressed the conference last year, she added: ‘Our house is still on fire. Your inaction is fuelling the flames by the hour.

‘We are still telling you to panic, and to act as if you loved your children above all else.’

Meanwhile Trump insisted that technical innovation, not restricting economic growth, is the way forward. ‘Fear and doubt is not a good thought process,’ he said. ‘This is not a time for pessimism but a time for optimism.’

Greta then gave her own speech to a smaller audience in which she urged world and business leaders to immediately stop investing in and subsidising fossil fuels

Parroting her remarks from Davos a year ago, Thunberg said 'our house is still on fire, and your inaction is fuelling the flames', before adding: 'What will you tell your children was the reason to fail?'

Donald Trump gave a thumbs up to reporters as he arrived at Davos, wearing special anti-slip covers on his shoes as he walked across the snowy ground

Donald Trump arrives at the World Economic Forum in Davos
Trump was flown to Davos from Zurich on board Marine One (pictured close to the camera) ahead of his address on Tuesday

Trump was flown to Davos from Zurich on board Marine One (pictured close to the camera) ahead of his address on Tuesday

Trump waves to the media as he is surrounded by security at Davos on Tuesday

Trump arrived in Zurich on board the presidential jet, Air Force One, on Tuesday morning

Trump arrived in Zurich on board the presidential jet, Air Force One, on Tuesday morning

Trump gave an insight into his thoughts as he headed to the conference, saying he aims to bring 'hundreds of billions of dollars' back to the US

Trump gave an insight into his thoughts as he headed to the conference, saying he aims to bring ‘hundreds of billions of dollars’ back to the US

‘Without treating this as a real crisis we cannot solve it,’ she said. ‘It will require much more than this, this is just the very beginning.’

Thunberg is due to speak again around 1pm local time.

The forum’s own Global Risks report published last week warned that ‘climate change is striking harder and more rapidly than many expected’ with global temperatures on track to increase by at least three degrees Celsius (5.4 degrees Fahrenheit) towards the end of the century.

There are no expectations that Trump and Thunberg, who have exchanged barbs through Twitter, will actually meet, but the crowded venue and intense schedule mean a chance encounter cannot be ruled out.

When Trump and his entourage walked through UN headquarters last year at the annual General Assembly, a photo of the teenager staring in apparent fury at the president from the sidelines went viral.

Sustainability is the buzzword at the forum, which began in 1971, with heel crampons handed out to participants to encourage them to walk on the icy streets rather than use cars, and the signage paint made out of seaweed.

Trump’s opposition to renewable energy, his withdrawal from the Paris climate accord negotiated under his predecessor Barack Obama, and the free hand extended to the fossil fuel industry puts him at odds with the entire thrust of the event.

U.S. President Donald Trump delivers a speech next to World Economic Forum founder Klaus Schwab at the conference

President Donald Trump talks with reporters falling his speech at the World Economic Forum

President Donald Trump talks with reporters falling his speech at the World Economic Forum

Greta Thunberg (pictured today) has told the World Economic Forum in Davos that leaders have 'done nothing' to fight climate change, despite increased awareness

The 17-year-old climate activist spoke on the opening morning of the conference ahead of a keynote address by climate change sceptic Donald Trump (pictured arriving in Switzerland)

Security is high around Davos as 3,000 world and business leaders are expected in the Alpine town during the three-day meeting

‘Climate change is a hot topic at Davos,’ said Chris Williamson, chief business economist at IHS Markit, adding there had been a ‘change in the atmosphere’ and realisation that climate change represented a downside risk for the economy.

EU Commission chief Ursula von der Leyen said at a welcome ceremony in Davos that ‘for too long, humanity took away resources from the environment and in exchange produced waste and pollution’.

Business leaders attending the forum will be keen to tout their awareness on climate change but are likely also to be concerned by the state of the global economy whose prospects, according to the IMF, have improved but remain brittle.

The IMF cut its global growth estimate for 2020 to 3.3 percent, saying that a recent truce in the trade war between China and the US had brought some stability but that risks remained.

‘We are already seeing some tentative signs of stabilisation but we have not reached a turning point yet,’ said IMF chief Kristalina Georgieva.

Activists meanwhile will be pressing for much more concrete action to fight inequality, after Oxfam issued a report outlining how the number of billionaires has doubled in the past decade and the world’s 22 richest men now have more wealth than all the women in Africa.

Ivanka Trump and Jared Kushner arrive at World Economic Forum event

Also expected at the conference are 1,200 environmental protesters who have spent three days walking there from the nearby town of Landquart

Ahead of the World Economic Forum, Greta gave a speech in the Swiss city of Lausanne in which she promised world leaders 'you haven't seen anything yet'

Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, pictured during his welcoming address to leaders on Monday night

Other key priorities will be exploring how to battle biodiversity loss, narrow the digital divide between the internet haves and have nots and step up the fight against pandemics in the face of vaccine hesitancy and drug resistance.

‘I am angry about the state of the world but I am also determined to engage and provide solutions and deliver,’ WWF director general Marco Lambertini told AFP. ‘There needs to be healthy balance between these two sentiments.’

The risk of global conflict will also loom large after the spike in tensions between the United States and Iran, following the killing of Iranian commander Qasem Soleimani in a US drone strike.

But a planned appearance by Iranian Foreign Minister Mohammad Javad Zarif – which could have paved the way for a showdown or even meeting with Trump – has been cancelled.

Venezuela’s opposition leader Juan Guaido – who declared himself acting president last year – will be attending the forum in defiance of a travel ban imposed by the regime of President Nicolas Maduro.

‘OUR HOUSE IS STILL ON FIRE’: GRETA’S FULL SPEECH

One year ago I came to Davos and told you that our house is on fire. I said I wanted you to panic.

I’ve been warned that telling people to panic about the climate crisis is a very dangerous thing to do. But don’t worry. It’s fine. Trust me, I’ve done this before and I assure you it doesn’t lead to anything.

And for the record, when we children tell you to panic we’re not telling you to go on like before.

We’re not telling you to rely on technologies that don’t even exist today at scale and that science says perhaps never will.

We are not telling you to keep talking about reaching ‘net zero emissions’ or ‘carbon neutrality’ by cheating and fiddling around with numbers.

We are not telling you to ‘offset your emissions’ by just paying someone else to plant trees in places like Africa while at the same time forests like the Amazon are being slaughtered at an infinitely higher rate.

Planting trees is good, of course, but it’s nowhere near enough of what needs to be done, and it cannot replace real mitigation or rewilding nature.

Let’s be clear. We don’t need a ‘low carbon economy.’ We don’t need to ‘lower emissions.’ Our emissions have to stop. And until we have the technologies that at scale can put our emissions to minus then we must forget about net zero — we need real zero.

Because distant net zero emission targets will mean absolutely nothing if we just continue to ignore the carbon dioxide budget — which applies for today, not distant future dates. If high emissions continue like now even for a few years, that remaining budget will soon be completely used up.

The fact that the USA is leaving the Paris accord seems to outrage and worry everyone, and it should. But the fact that we’re all about to fail the commitments you signed up for in the Paris Agreement doesn’t seem to bother the people in power even the least.

Any plan or policy of yours that doesn’t include radical emission cuts at the source starting today is completely insufficient for meeting the 1.5-degree or well-below-2-degrees commitments of the Paris Agreement.

And again — this is not about right or left. We couldn’t care less about your party politics.

From a sustainability perspective, the right, the left as well as the centre have all failed. No political ideology or economic structure has been able to tackle the climate and environmental emergency and create a cohesive and sustainable world. Because, in case you haven’t noticed, that world is currently on fire.

You say children shouldn’t worry. You say: ‘Just leave this to us. We will fix this, we promise we won’t let you down.’

And then — nothing. Silence. Or something worse than silence. Empty words and promises which give the impression that sufficient action is being taken.

All the solutions are obviously not available within today’s societies. Nor do we have the time to wait for new technological solutions to become available to start drastically reducing our emissions.

So of course the transition isn’t going to be easy. It will be hard. And unless we start facing this now together, with all cards on the table, we won’t be able to solve this in time.

In the days running up to the 50th anniversary of the World Economic Forum, I joined a group of climate activists who are demanding that you, the world’s most influential business and political leaders, begin to take the action needed. We demand that at this year’s World Economic Forum participants from all companies, banks, institutions and governments:

We don’t want these things done by 2050, 2030 or even 2021, we want this done now.

It may seem like we’re asking for a lot. And you will of course say that we are naïve. But this is just the very minimum amount of effort that is needed to start the rapid sustainable transition.

So either you do this or you’re going to have to explain to your children why you are giving up on the 1.5-degree target.

Giving up without even trying.

Well I’m here to tell you that unlike you, my generation will not give up without a fight.

The facts are clear, but they’re still too uncomfortable for you to address. You just leave it because you think it’s too depressing and people will give up. But people will not give up. You’re the ones who are giving up.

Last week I met with coal miners in Poland who lost their jobs because their mine was closed. And even they had not given up. On the contrary, they seem to understand the fact that we need to change more than you do.

I wonder, what will you tell your children was the reason to fail and leave them facing a climate chaos you knowingly brought upon them? The 1.5-degree target? That it seemed so bad for the economy that we decided to resign the idea of securing future living conditions without even trying?

Our house is still on fire. Your inaction is fuelling the flames by the hour. We are still telling you to panic, and to act as if you loved your children above all else.

https://www.dailymail.co.uk/news/article-7910695/Greta-Thunberg-tells-world-leaders-fight-climate-change.html

QE infinity? Economists believe that Europe’s bond buying could run for years

KEY POINTS
  • Starting in November, the ECB will make 20 billion euros ($21.9 billion) of net asset purchases per month for as long as it takes for the euro zone’s inflation and growth outlooks to return to satisfactory levels.
  • The smaller increments but open-ended timescale of this second package (QE-II) surprised many, and was well below the 60 billion euro per month implemented at the beginning of QE-I in 2015.

The shape and size of the European Central Bank’s new bond-buying programcaught market participants off guard, with some now predicting it’ll be years until the euro zone is back to anything approaching normality.

Starting in November, the ECB will make 20 billion euros ($21.9 billion) of net asset purchases per month for as long as it takes for the euro zone’s inflation and growth outlooks to return to satisfactory levels. The purchasing will only end “shortly before” the next rate hike.

ECB President Mario Draghi pointed out Thursday that a major reason for the re-launch of net asset purchases was that inflation expectations remained consistently below the ECB’s target of just below 2%, but implored governments to deploy fiscal policy to supplement his actions.

VIDEO02:53
Here are the new measures the ECB is taking to stimulate the euro zone economy

This will be the second round of quantitative easing (QE) from the ECB, the first coming four years ago in response to the calamitous euro zone debt crisis.

Shweta Singh, managing director of global macro at TS Lombard, said the second round of asset purchases would likely have a “milder impact than QE-I, when borrowing costs were higher, fragmentation across the euro area was severe and domestic risks were far greater.”

“Crucially, there may be much less scope this time for the euro to edge lower and thus boost inflation expectations, while the pool of eligible assets that the ECB can buy has shrunk since QE-I was launched.”

QE infinity?

The smaller increments but open-ended timescale of this second package (QE-II) surprised many, and was well below the 60 billion euro per month implemented at the beginning of QE-I in 2015. The open-ended commitment to continue until the inflation outlook improves carries several implications.

“The sequencing reference also signals that there would only be a short gap between the end of QE and the onset of rate hikes,” Ken Wattret, chief European economist at IHS Markit, said in a note Thursday.

“As we believe rate hikes are well down the line — we have the first DFR (deposit facility rate) hike only in late 2022, with an even later start increasingly likely — this implies a very long period of net asset purchases.”

The ECB forecasts inflation at 1.5% in 2021 which is still below what the ECB regards as “sufficiently close to, but below, 2%,” Berenberg senior European economist Florian Hense pointed out in a note.

“Thus, the ECB seems highly unlikely to raise rates before 2022 — unless inflation were to surprise a lot on the upside,” Hense projected.

“The asset purchase program could therefore last for at least 24 months with a total volume of 480 billion euros. More likely it will last longer.”

VIDEO02:36
ECB rate cut a disappointment, strategist says

Barclays head of economic research Christian Keller anticipates that the asset purchase program will continue at least until the end of 2020.

“We expect the ECB will remain accommodative for a very prolonged period of time. We continue to think that risks to the EA (euro area) growth outlook are skewed to the downside and we do not expect core inflation will re-accelerate in the near term,” Keller said in a research note Thursday.

“As the euro area has arguably entered the mature stage of its economic cycle, we expect interest rates to stay low for a prolonged period and firms’ pricing strategies to remain conservative, and we believe fiscal policy is unlikely to reflate the euro area economy.”

Against this backdrop, Barclays economists do not expect businesses to feel immediate pressure to increase final output prices, and therefore project that core consumer prices are unlikely to catch up to levels consistent with the ECB’s medium-term price stability target. Keller thus expects underlying prices to remain on a “slow recovery trend.”

‘Strong signal for governments’

ECB policymakers unanimously agreed that fiscal policy rather than monetary policy should be the main tool to combat the economic downturn. The duration of the QE program may hinge on the willingness of national governments to take action.

Draghi on Thursday urged “governments with fiscal space” to act in “an effective and timely manner.”

Ana Andrade, Europe analyst at The Economist Intelligence Unit, said in a statement that the open-ended nature of the asset purchase program will be a “strong signal for governments, as it will increase their fiscal space.”

“It could potentially lead them to engage on more fiscal stimulus,” she added.

VIDEO01:51
Stronger European growth will ultimately come from fiscal policy, economist says

Hense agreed that by lowering funding costs further, governments may find it easier to finance a “modest fiscal expansion” and the policy might nudge countries with some extra fiscal space, such as Germany, to use it.

“On their own, purchases of 240 billion (euros) in one year will raise the balance sheet of the eurosystem by circa 2 percentage points of GDP (gross domestic product) in a year from its current level of close to 40%.”

https://www.cnbc.com/2019/09/13/qe-infinity-economists-believe-ecb-bond-buying-could-run-for-years.html

Story 2: Radical Extremist Democrat Socialists (REDS) and Big Lie Media Failed Coup with Unconstitutional Impeachment of Trump Based On Big Lie Propaganda Smear Campaign — American People Will Find Trump Not Guilty and Vote Democrats Out of Office —  Videos

Jay Sekulow on Senate trial: I’m confident with where this is going

Graham sounds off on Dems: They’re on a crusade to destroy Trump

WATCH: Cipollone says obstruction of Congress charge is ‘ridiculous’ | Trump impeachment trial

WATCH: Trump attorney slams House Democrats’ handling of impeachment | Trump impeachment trial

WATCH: Trump attorney says there’s no ‘there there’ in Democrats’ case | Trump impeachment trial

U.S. Senate: Impeachment Trial (Day 2)

Impeachment trial of President Trump | Jan. 21, 2020 (FULL LIVE STREAM)

Schiff slammed for ‘parody’ of Trump call transcript

WATCH: Rep. Adam Schiff’s full opening statement on whistleblower complaint | DNI hearing

Trump accuses Adam Schiff of ‘making up’ conversation with Ukraine

Hannity: Impeachment will have real consequences for the presidency and America

Impeachment, Democrats, and those 90,000 documents

Two deceptions at the heart of Democrats’ impeachment brief

Executive privilege

From Wikipedia, the free encyclopedia

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Executive privilege is the right of the president of the United States and other members of the executive branch to maintain confidential communications under certain circumstances within the executive branch and to resist some subpoenas and other oversight by the legislative and judicial branches of government in pursuit of particular information or personnel relating to those confidential communications. The right comes into effect when revealing information would impair governmental functions. Neither executive privilege nor the oversight power of Congress is explicitly mentioned in the United States Constitution.[1] However, the Supreme Court of the United States has ruled that executive privilege and congressional oversight each are a consequence of the doctrine of the separation of powers, derived from the supremacy of each branch in its own area of Constitutional activity.[2]

The Supreme Court confirmed the legitimacy of this doctrine in United States v. Nixon in the context of a subpoena emanating from the judiciary, instead of emanating from Congress.[3]The Court held that there is a qualified privilege, which once invoked, creates a presumption of privilege, and the party seeking the documents must then make a “sufficient showing” that the “presidential material” is “essential to the justice of the case”. Chief Justice Warren Burger further stated that executive privilege would most effectively apply when the oversight of the executive would impair that branch’s national security concerns.[3] Regarding requests from Congress (instead of from the courts) for executive branch information, as of a 2014 study by the Congressional Research Service,[4] only two federal court cases had addressed the merits of executive privilege in such a context, and neither of those cases reached the Supreme Court.[5]

In addition to which branch of government is requesting the information, another characteristic of executive privilege is whether it involves a “presidential communications privilege” or instead a “deliberative process privilege” or some other type of privilege.[4] The deliberative process privilege is often considered to be rooted in common law, whereas the presidential communications privilege is often considered to be rooted in separation of powers, thus making the deliberative process privilege less difficult to overcome.[4][6] Generally speaking, presidents, congresses and courts have historically tended to sidestep open confrontations through compromise and mutual deference in view of previous practice and precedents regarding the exercise of executive privilege.[4]

Contents

Early precedents[edit]

Deliberative process privilege is a specific instance of the more general principle of executive privilege. It is usually considered to be based upon common law rather than separation of powers, and its history traces back to the English crown privilege (now known as public-interest immunity).[6] In contrast, the presidential communications privilege is another specific instance of executive privilege, usually considered as being based upon separation of powers, and for that reason it is more difficult to overcome than deliberative process privilege.[4] A significant requirement of the presidential communications privilege is that it can only protect communications sent or received by the president or his immediate advisors, whereas the deliberative process privilege may extend further down the chain of command.[4]

In the context of privilege assertions by United States presidents, law professor Michael Dorf has written: “In 1796, President George Washington refused to comply with a request by the House of Representatives for documents related to the negotiation of the then-recently adopted Jay Treaty with the Kingdom of Great Britain. The Senate alone plays a role in the ratification of treaties, Washington reasoned, and therefore the House had no legitimate claim to the material. Therefore, Washington provided the documents to the Senate but not the House.”[7]

President Thomas Jefferson continued the precedent for this in the trial of Aaron Burr for treason in 1809. Burr asked the court to issue a subpoena duces tecum to compel Jefferson to testify or provide his private letters concerning Burr. Chief Justice John Marshall, a strong proponent of the powers of the federal government but also a political opponent of Jefferson, ruled that the Sixth Amendment to the Constitution, which allows for these sorts of court orders for criminal defendants, did not provide any exception for the president. As for Jefferson’s claim that disclosure of the document would imperil public safety, Marshall held that the court, not the president, would be the judge of that. Jefferson refused to personally testify but provided selected letters.

In 1833, President Andrew Jackson cited executive privilege when Senator Henry Clay demanded he produce documents concerning statements the president made to his cabinet about the removal of federal deposits from the Second Bank of the United States during the Bank War.[8]

Cold War era[edit]

During the period of 1947–49, several major security cases became known to presidents. There followed a series of investigations, culminating in the famous HissChambers case of 1948. At that point, the Truman Administration issued a sweeping secrecy order blocking congressional efforts from FBI and other executive data on security problems.[citation needed] Security files were moved to the White House and Administration officials were banned from testifying before Congress on security related matters. Investigation of the State Department and other cases was stymied and the matter left unresolved.

During the Army–McCarthy hearings in 1954, Eisenhower used the claim of executive privilege to forbid the “provision of any data about internal conversations, meetings, or written communication among staffers, with no exception to topics or people.” Department of Defense employees were also instructed not to testify on any such conversations or produce any such documents or reproductions.[9] This was done to refuse the McCarthy Committee subpoenas of transcripts of monitored telephone calls from Army officials, as well as information on meetings between Eisenhower officials relating to the hearings. This was done in the form of a letter from Eisenhower to the Department of Defense and an accompanying memo from Eisenhower Justice. The reasoning behind the order was that there was a need for “candid” exchanges among executive employees in giving “advice” to one another. In the end, Eisenhower would invoke the claim 44 times between 1955 and 1960.

United States v. Nixon[edit]

The Supreme Court addressed executive privilege in United States v. Nixon, the 1974 case involving the demand by Watergate special prosecutor Archibald Cox that President Richard Nixon produce the audiotapes of conversations he and his colleagues had in the Oval Office of the White House in connection with criminal charges being brought against members of the Nixon Administration for breaking into the Watergate complex. Nixon invoked the privilege and refused to produce any records.

The Supreme Court did not reject the claim of privilege out of hand; it noted, in fact, “the valid need for protection of communications between high Government officials and those who advise and assist them in the performance of their manifold duties” and that “[h]uman experience teaches that those who expect public dissemination of their remarks may well temper candor with a concern for appearances and for their own interests to the detriment of the decisionmaking process.” This is very similar to the logic that the Court had used in establishing an “executive immunity” defense for high office-holders charged with violating citizens’ constitutional rights in the course of performing their duties. The Supreme Court stated: “To read the Article II powers of the president as providing an absolute privilege as against a subpoena essential to enforcement of criminal statutes on no more than a generalized claim of the public interest in confidentiality of nonmilitary and nondiplomatic discussions would upset the constitutional balance of ‘a workable government’ and gravely impair the role of the courts under Article III.” Because Nixon had asserted only a generalized need for confidentiality, the Court held that the larger public interest in obtaining the truth in the context of a criminal prosecution took precedence.

Once executive privilege is asserted, coequal branches of the Government are set on a collision course. The Judiciary is forced into the difficult task of balancing the need for information in a judicial proceeding and the Executive’s Article II prerogatives. This inquiry places courts in the awkward position of evaluating the Executive’s claims of confidentiality and autonomy, and pushes to the fore difficult questions of separation of powers and checks and balances. These ‘occasion[s] for constitutional confrontation between the two branches’ are likely to be avoided whenever possible. United States v. Nixon, supra, at 692.[10]

Post-Watergate era[edit]

Reagan administration[edit]

In November 1982, President Ronald Reagan signed a directive regarding congressional requests for information. Reagan wrote that if Congress seeks information potentially subject to executive privilege, then executive branch officials should “request the congressional body to hold its request in abeyance” until the president decides whether to invoke the privilege.[11][12]

George H. W. Bush administration[edit]

Prior to becoming attorney general in 1991, Deputy Attorney General William P. Barr issued guidance in 1989 about responding to congressional requests for confidential executive branch information. He wrote: “Only when the accommodation process fails to resolve a dispute and a subpoena is issued does it become necessary for the president to consider asserting executive privilege”.[13][11]

Clinton administration[edit]

The Clinton administration invoked executive privilege on fourteen occasions.

In 1998, President Bill Clinton became the first president since Nixon to assert executive privilege and lose in court, when a federal judge ruled that Clinton aides could be called to testify in the Lewinsky scandal.[14]

Later, Clinton exercised a form of negotiated executive privilege when he agreed to testify before the grand jury called by Independent Counsel Kenneth Starr only after negotiating the terms under which he would appear. Declaring that “absolutely no one is above the law”, Starr said such a privilege “must give way” and evidence “must be turned over” to prosecutors if it is relevant to an investigation.

George W. Bush administration[edit]

The Bush administration invoked executive privilege on six occasions.

President George W. Bush first asserted executive privilege in December 2001 to deny disclosure of details regarding former attorney general Janet Reno,[15] the scandal involving Federal Bureau of Investigation (FBI) misuse of organized crime informants James J. Bulger and Stephen Flemmi, and Justice Department deliberations about President Bill Clinton’s fundraising tactics.[16]

Bush invoked executive privilege “in substance” in refusing to disclose the details of Vice President Dick Cheney‘s meetings with energy executives, which was not appealed by the GAO. In a separate Supreme Court decision in 2004, however, Justice Anthony Kennedy noted “Executive privilege is an extraordinary assertion of power ‘not to be lightly invoked.'” United States v. Reynolds, 345 U.S. 1, 7 (1953).

Further, on June 28, 2007, Bush invoked executive privilege in response to congressional subpoenas requesting documents from former presidential counsel Harriet Miers and former political director Sara Taylor,[17] citing that:

The reason for these distinctions rests upon a bedrock presidential prerogative: for the president to perform his constitutional duties, it is imperative that he receive candid and unfettered advice and that free and open discussions and deliberations occur among his advisors and between those advisors and others within and outside the Executive Branch.

On July 9, 2007, Bush again invoked executive privilege to block a congressional subpoena requiring the testimonies of Taylor and Miers. Furthermore, White House Counsel Fred F. Fielding refused to comply with a deadline set by the chairman of the Senate Judiciary Committee to explain its privilege claim, prove that the president personally invoked it, and provide logs of which documents were being withheld. On July 25, 2007, the House Judiciary Committee voted to cite Miers and White House Chief of Staff Joshua Bolten for contempt of Congress.[18][19]

On July 13, less than a week after claiming executive privilege for Miers and Taylor, Fielding effectively claimed the privilege again, this time in relation to documents related to the 2004 death of Army Ranger Pat Tillman. In a letter to the House Committee on Oversight and Government Reform, Fielding claimed certain papers relating to discussion of the friendly fire shooting “implicate Executive Branch confidentiality interests” and would therefore not be turned over to the committee.[20]

On August 1, 2007, Bush invoked the privilege for the fourth time in little over a month, this time rejecting a subpoena for Karl Rove. The subpoena would have required Rove to testify before the Senate Judiciary Committee in a probe over fired federal prosecutors. In a letter to Senate Judiciary chairman Patrick Leahy, Fielding claimed that “Rove, as an immediate presidential advisor, is immune from compelled congressional testimony about matters that arose during his tenure and that relate to his official duties in that capacity.”[21]

Leahy claimed that President Bush was not involved with the decision to terminate the service of U.S. attorneys. Furthermore, he asserted that the president’s executive privilege claims protecting both Bolten and Rove were illegal. The senator demanded that Bolten, Rove, Sara Taylor, and J. Scott Jennings comply “immediately” with their subpoenas. This development paved the way for a Senate panel vote on whether to advance the citations to the full Senate. “It is obvious that the reasons given for these firings were contrived as part of a cover-up and that the stonewalling by the White House is part and parcel of that same effort”, Leahy concluded.[22][23][24][25]

As of 17 July 2008, Rove still claimed executive privilege to avoid a congressional subpoena. Rove’s lawyer wrote that his client is “constitutionally immune from compelled congressional testimony.”[26]

Obama administration[edit]

On June 20, 2012, President Barack Obama asserted executive privilege in order to withhold certain Department of Justice documents related to the Operation Fast and Furious controversy ahead of a United States House Committee on Oversight and Government Reform vote to hold Attorney General Eric Holder in contempt of Congress for refusing to produce the documents.[27][28] Later the same day, the House Committee voted 23–17 along party lines to hold Holder in contempt of Congress over not releasing the documents.[29]

House investigation of the SEC[edit]

Leaders of the U.S. Securities and Exchange Commission (SEC) testified on February 4, 2009 before the United States House Committee on Financial Services subcommittee. The subject of the hearings was why the SEC had failed to act when Harry Markopolos, a private fraud investigator from Boston, alerted the SEC, detailing his persistent and unsuccessful efforts to get the SEC to investigate Bernard Madoff beginning in 1999.[30] One official claimed executive privilege in declining to answer some questions.[31][32]

Trump administration[edit]

While investigating claims of Russian interference in the 2016 election, the Senate Intelligence Committee subpoenaed former FBI Director James Comey to testify. Comey was fired several weeks before being subpoenaed but had appeared before the committee once before in March while still serving as director. Less than a week before the scheduled hearing, it was reported that President Trump was considering invoking executive privilege to prevent Comey’s testimony.[33][34] According to attorney Page Pate, it seemed unlikely that executive privilege would be applicable, as Trump had publicly spoken about the encounters in question multiple times.[35]

Sarah Huckabee Sanders, a White House spokesman, released a statement on June 5: “The president’s power to assert executive privilege is very well-established. However, in order to facilitate a swift and thorough examination of the facts sought by the Senate Intelligence Committee, President Trump will not assert executive privilege regarding James Comey’s scheduled testimony.”[36]

On May 8, 2019, Trump asserted executive privilege regarding the full Mueller Report at the request of the attorney general. According to The New York Times, this was Trump’s “first use of the secrecy powers as president”.[37]

On June 12, 2019, Trump asserted executive privilege over documents related to the addition of a citizenship question on the 2020 census. This was in response to a subpoena from the House of Representatives leading up to their impending vote over whether to hold Wilbur Ross and Attorney General William Barr in contempt of Congress over the census question.[38]

See also[edit]

References …

Further reading[edit]

 

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Story 1: President Trump On Offense on Boring Bogus B.S. Quid Pro Quo Partisan Impeachment Inquiry — Nowhere Man Schiff: I Am The Walrus — Nonsense — Videos —

 

Nowhere Man

He’s a real nowhere man
Sitting in his nowhere land
Making all his nowhere plans for nobody
Doesn’t have a point of view
Knows not where he’s going to
Isn’t he a bit like you and me?
Nowhere man please listen
You don’t know what you’re missing
Nowhere man, the world is at your command
He’s as blind as he can be
Just sees what he wants to see
Nowhere man, can you see me at all
Nowhere man don’t worry
Take your time, don’t hurry
Leave it all ’til somebody else
Lends you a hand
Ah, la, la, la, la
Doesn’t have a point of view
Knows not where he’s going to
Isn’t he a bit like you and me?
Nowhere man please listen
You

The Beatles – Nowhere Man (live!)

 

Trump: Democrats are trying to find people that hate me

Trump unloads on Democrats ahead of public impeachment hearings

What The World Never Knew About The Beatles

I am the Walrus The Beatles

I am he as you are he as you are me
And we are all together
See how they run like pigs from a gun
See how they fly
I’m crying
Sitting on a corn flake
Waiting for the van to come
Corporation T-shirt, stupid bloody Tuesday
Man you’ve been a naughty boy
You let your face grow long
I am the egg man
They are the egg men
I am the walrus
Goo goo g’joob
Mr. City policeman sitting
Pretty little policemen in a row
See how they fly like Lucy in the sky
See how they run
I’m crying
I’m crying, I’m crying, I’m crying
Yellow matter custard
Dripping from a dead dog’s eye
Crabalocker fishwife, pornographic priestess
Boy, you’ve been a naughty girl
You let your knickers down
I am the egg man
They are the egg men
I am the walrus
Goo goo g’joob
Sitting in an English garden
Waiting for

 

Rep. Adam B. Schiff (D-Calif.), chairman of the House Intelligence Committee. (J. Scott Applewhite/AP)
Rep. Adam B. Schiff (D-Calif.), chairman of the House Intelligence Committee. (J. Scott Applewhite/AP)
Oct. 4, 2019 at 2:00 a.m. CDT

“We have not spoken directly with the whistleblower. We would like to.”

 Rep. Adam B. Schiff (D-Calif.), in an interview with MSNBC’s “Morning Joe,” Sept. 17

We recently took Secretary of State Mike Pompeo to task for misleading reporters about the fact that he was a participant in the call between President Trump and Ukrainian President Volodymyr Zelensky that was the subject of a whistleblower complaint and now an impeachment inquiry in Congress. He earned Four Pinocchios for being disingenuous in his remarks to reporters to obscure his firsthand knowledge of what took place.

But politicians spin all across Washington, often to deflect uncomfortable facts. Now let’s look at comments by Schiff, who is heading the impeachment inquiry, as reporters probed about the whistleblower before the details of the allegation were revealed.

 Schiff’s answers are especially interesting in the wake of reports in the New York Times and The Washington Post that the whistleblower approached a House Intelligence Committee staff member for guidance before filing a complaint with the Intelligence Community inspector general. The staff member learned the “very bare contours” of the allegation that Trump has abused the powers of his office, The Post said.

When the Fact Checker asked what “bare contours” meant, a committee spokesman pointed to an exchange of letters. In a Sept. 13 letter to the committee, the general counsel of the director of national intelligence said that “complaint involves confidential and potentially privileged communications by persons outside the Intelligence Community.” In his own letter that day, Schiff wrote that because of that language, and because the DNI refused to affirm or deny that White House officials were involved in the decision not to forward the complaint, the committee can conclude only that “the serious misconduct involves the president of the United States and/or other senior White House or administration officials.”

Our suspicion is that the unidentified staff member learned the potential complaint involved “privileged” communication, which is code for something having to do with the president.

So, with this new information, let’s look back at how Schiff handled questions about his knowledge of the whistleblower complaint.

The Facts

Sept. 16, interview with Anderson Cooper on CNN

Cooper: “Just to be clear, you don’t know who this alleged whistleblower is or what they are alleging?”
Schiff: “I don’t know the identity of the whistleblower.”
Cooper: “And they haven’t contacted you or their legal representation hasn’t contacted you?”
Schiff: “I don’t want to get into any particulars. I want to make sure that there’s nothing that I do that jeopardizes the whistleblower in any way.”

This is a classic dodge — “don’t want to get into any particulars” — and Cooper failed to follow up. Notice how Schiff quickly answered whether he knew the identity of the whistleblower — “I don’t know” — but then sidestepped the questions about whether the committee had been contacted. But in doing so, he managed not to mislead; he just simply did not answer the question.

Sept. 17, interview on “Morning Joe”

Sam Stein: “Have you heard from the whistleblower? Do you want to hear from the whistleblower? What protections could you provide to the whistleblower?” …
Schiff: “We have not spoken directly with the whistleblower. We would like to. But I am sure the whistleblower has concerns that he has not been advised, as the law requires, by the inspector general or the director of national Intelligence just how he is supposed to communicate with Congress, and so the risk to the whistleblower is retaliation.”

This is flat-out false. Unlike the quick two-step dance he performed with Anderson Cooper, Schiff simply says the committee had not spoken to the whistleblower. Now we know that’s not true.

“Regarding Chairman Schiff’s comments on ‘Morning Joe,’ in the context, he intended to answer the question of whether the Committee had heard testimony from the whistleblower, which they had not,” a committee spokesman told The Fact Checker. “As he said in his answer, the whistleblower was then awaiting instructions from the Acting DNI as to how the whistleblower could contact the Committee. Nonetheless he acknowledges that his statement should have been more carefully phrased to make that distinction clear.”
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The spokesman pointed to an interview with Schiff by the Daily Beast, in which he said that he “did not know definitively at the time if the complaint had been authored by the same whistleblower who had approached his staff.” But he added that he “should have been much more clear.”

Sept. 19, meeting with reporters at the Capitol

Schiff: “In the absence of the actions, and I want to thank the inspector general, in the absence of his actions in coming to our committee, we might not have even known there was a whistleblower complaint alleging an urgent concern.”

Here’s some more dissembling. Schiff says that if not for the IG, the committee might never have known about the complaint. But his committee knew that something explosive was going to be filed with the IG. As the New York Times put it, the initial inquiry received by the committee “also explains how Mr. Schiff knew to press for the complaint when the Trump administration initially blocked lawmakers from seeing it.”

Schiff, however, does qualify that this was a complaint alleging “an urgent concern,” and it’s not clear whether the initial inquiry had tipped off the committee staff that it would rise to that level. Still, Schiff’s phrasing was misleading because he gives no hint that the committee was aware a potentially significant (“privileged”) complaint might have been filed.

“As Chairman Schiff has made clear, he does not know the identity of the whistleblower, has had no communication with them or their attorney, and did not view the whistleblower’s complaint until the day prior to the hearing with the DNI when the ODNI finally provided it to the Committee,” the spokesman said. “Whistleblowers frequently come to the committee. Some whistleblowers approach the IG without notice to the Committee, and some who do go to the IG do not necessarily file a complaint. However, this was the first whistleblower complaint provided to the Committee this year that the IC IG determined to be of ‘urgent concern’ and ‘credible,’ and Chairman Schiff would have raised the alarm regardless when it was illegally withheld.”

The spokesman added: “The focus should not be on the whistleblower, but rather the complaint which the IC IG determined was credible and urgent and which has been thus far confirmed by the call record released by the White House and statements by the President and his personal attorney.”

The Pinocchio Test

There are right ways and wrong ways to answer reporters’ questions if a politician wants to maintain his or her credibility. There’s nothing wrong with dodging a question, as long as you don’t try to mislead (as Pompeo did).

But Schiff on “Morning Joe” clearly made a statement that was false. He now says he was answering the wrong question, but if that was the case, he should have quickly corrected the record. He compounded his falsehood by telling reporters a few days later that if not for the IG’s office, the committee would not have known about the complaint. That again suggested there had been no prior communication.

The explanation that Schiff was not sure it was the same whistleblower especially strains credulity.

Schiff earns Four Pinocchios.

Four Pinocchios

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Story 2: Billionaire”The Nanny” Michael Bloomberg May Run For President in 2020 — Waste of Money and Time — Going Nowhere in Radical Extremist Democrat Socialist (REDS) Party — Little Michael Bloomberg Lacks Magic to Do Well” — Videos —

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Trump on Bloomberg: ‘He’s got some personal problems’

What impact could Michael Bloomberg have on the presidential race?

Bloomberg opens door to 2020 presidential bid

RAW VIDEO] Trump to Bloomberg: ‘Little Michael will fail’

Varney: Bloomberg is a huge problem for Biden

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Story 3: President Trump Press Conference — Videos

PHONY SCAM: President Trump Says Democrat “Witch Hunt” MUST END

Trump unloads on Democrats ahead of public impeachment hearings

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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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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

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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

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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.

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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

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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

From Wikipedia, the free encyclopedia

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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

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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

From Wikipedia, the free encyclopedia

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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 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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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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What is the repo market and why is Wall Street worried?

Fed Repo Market Bank Bailout 2019 – Why Don’t Banks Trust Each Other Right Now? [Crisis Unfolds?]

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.

 

 

Story 4: Listen To Reading and Read The Transcript of Call Between President Trump and Ukraine President Volodymyr Zelensky —  Videos

See the source image

The Phone Call Memo Between Trump And Ukraine (Full Reading)

The Democratic-controlled House has called for a formal impeachment inquiry against President Donald Trump. The inquiry comes on the heels of a whistleblower complaint about a phone call exchange between Trump and Ukrainian President Volodymyr Zelensky. In response, on September 25th, the White House released a memo it says summarizes the phone call in question.

Read the Trump-Ukraine phone call readout

 

Story 4: 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 — 

UKRAINE SCANDAL EXPLAINED: Chalkboard on DNC Collusion, Joe Biden, Soros, Trump & More

Biden’s Ukraine Scandal Explained I Glenn Beck

Glenn Beck Lays Out the Case Against The Media

Glenn Beck Reveals Bombshell Audio from Ukraine that Repudiates Impeachment Narrative

Ukraine: The Democrats’ Russia

Joe Biden Brags about getting Ukranian Prosecutor Fired

WATCH: Joe Biden believes Trump is involved in a cover up over Ukraine

Watch our interview with Joe Biden

Ukraine Ex-Official Casts Doubt on Biden Conflict Claim

Glenn Beck: Not Even Democrats Like Joe Biden I Wilkow

PBS NewsHour West live episode, November 1, 2019

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

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The Pronk Pops Show 1326, September 24, 2019, Story 1: President Trump Address To The United Nations — One of The Greatest Presidential Speeches in U.S. History — Videos — Story 2: Democrats Want To Impeach Trump For Winning In 2016 — If Democrats Impeach Trump The American People Will Elect Trump in 2020 in A Landslide Victory and Republicans Will Have Total Control of Congress — Creepy Sleepy Dopey Joe Biden Done Over Corruption of Hunter Biden Payoff Bribes In Ukraine and Communist China — Call The Impeachment Vote — Doubly Desperate Democrats — Drop Out Biden — Going, Going, Gone! — Videos —

Posted on September 30, 2019. Filed under: 2020 Democrat Candidates, 2020 President Candidates, 2020 Republican Candidates, Afghanistan, Applications, Bank Fraud, Banking System, Blogroll, Breaking News, Bribery, Bribes, British Pound, Budgetary Policy, Business, Canada, Cartoons, China, Climate, Climate Change, Coal, College, Communications, Computers, Congress, Constitutional Law, Corruption, Countries, Crime, Cuba, Culture, Currencies, Defense Spending, Disasters, Donald J. Trump, Donald J. Trump, Donald Trump, Drugs, Economics, Education, Egypt, Empires, Employment, Energy, Environment, Euro, European Union, Fiscal Policy, Foreign Policy, Free Trade, Freedom of Religion, Freedom of Speech, Government, Government Spending, Hardware, Health, House of Representatives, Illegal Drugs, Impeachment, Islamic Republic of Iran, Japan, Joe Biden, Labor Economics, Language, Law, Legal Drugs, Liquid Natural Gas (LNG), Mexico, Monetary Policy, Natural Gas, Netherlands, Nuclear, Nutrition, Oil, Public Relations, Qatar, Saudi Arabia, Senate, Servers, Social Networking, Software, Tax Policy, Trade Policy, Treason, U.S. Dollar, United States of America, Venezuela, Yemen | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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Story 1: President Trump Address To The United Nations — One of The Greatest Presidential Speeches in U.S. History — Videos —

WATCH AGAIN: Donald Trump addresses United Nations General Assembly

Watch Highlights From President Donald Trump’s U.N. Speech | NBC News Now

James Risen: I Wrote About the Bidens and Ukraine in 2015. The Right-Wing Media Twisted My Reporting

Watch Highlights From President Donald Trump’s U.N. Speech | NBC News Now

Donald Trump uses UN address to warn social media giants against ‘blacklisting’ conservatives and tells the world to be ‘skeptical’ of anyone who wants control over free speech

  • Utilizing his platform at the United Nations General Assembly, Donald Trump put social media giants on blast 
  • He warned against ‘silencing’ and ‘blacklisting’ political opinions that are unpopular in Silicon Valley – where most social media sites are headquartered
  • The president has often voiced his disdain over social media platforms silencing conservative voices
  • He warned the global audience at UNGA that social media is threatening free speech, even in ‘free nations’
  • Last week, Trump met with Facebook CEO Mark Zuckerberg in the Oval Office
  • He has also previously met with Twitter CEO Jack Dorsey 

Donald Trump put America’s social media giants on notice during a United Nationsaddress on Tuesday that the U.S. government will push back against online tech giants ‘silencing, coercing, canceling or blacklisting’ political opinions that don’t rate high in Silicon Valley.

‘A small number of social media platforms are acquiring immense power over what we can see and over what we are allowed to say,’ Trump told foreign leaders.

He said he is aggressively cracking down on the biggest platforms that play political favorites online, and encouraging other nations to follow suit.

‘A free society cannot allow social media giants to silence the voices of the people,’ he said, ‘and a free people must never, ever be enlisted in the cause of silencing, coercing, canceling or blacklisting their own neighbors.’

Trump warns against social media giants limiting free speech
Donald Trump blasted U.S. social media platforms during his remarks at the United Nations General Assembly Tuesday. 'A free society cannot allow social media giants to silence the voices of the people,' he asserted

Donald Trump blasted U.S. social media platforms during his remarks at the United Nations General Assembly Tuesday. ‘A free society cannot allow social media giants to silence the voices of the people,’ he asserted

He told the room full of foreign leaders and a global audience that even 'free nations' are experiencing challenges to liberty and free speech from social media

He told the room full of foreign leaders and a global audience that even ‘free nations’ are experiencing challenges to liberty and free speech from social media

‘My administration has made clear to social media companies that we will uphold the right of free speech,’ he declared.

The president often complains about anti-conservative bias at Twitter, Facebook and Google.

He met last week with Facebook CEO Mark Zuckerberg. A White House official said the topic of ‘bias came up.’ Trump has also sat down for a talk with Twitter CEO Jack Dorsey.

The president on Tuesday raised social media in the context of condemning oppressive nations that control what their population can read, see and hear, and whose technological advances have the potential to limit freedom of speech.

Trump met last week with Facebook founder and CEO Mark Zuckerberg (right) in the Oval Office. A White House official said the topic of 'bias came up' during their meeting

Trump met last week with Facebook founder and CEO Mark Zuckerberg (right) in the Oval Office. A White House official said the topic of ‘bias came up’ during their meeting

‘A permanent political class is openly disdainful, dismissive and defiant of the will of the people,’ he continued. ‘A faceless bureaucracy operates in secret and weakens democratic rule. Media and academic institutions push flat-out assaults on our histories, traditions and values.’

‘Freedom and democracy must be constantly guarded and protected abroad, and from within,’ he said.

‘We must always be skeptical about those who want conformity and control. Even in free nations we see alarming signs and new challenges to liberty.’

Zuckerberg capped off a day of meetings in Washington, D.C. on Friday with a sit-down with Trump.

‘Nice meeting with Mark Zuckerberg of @facebook in the Oval Office today,’ the president wrote on Twitter, adding a picture of him with the Facebook CEO.

 

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WSJ: Trump repeatedly asked Ukraine president to probe Biden’s son

 

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.
CreditCreditOzier Muhammad/The New York Times

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.CreditCreditMikhail 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