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Italy has the worst coronavirus death rate in the world, which experts put down to its elderly population and the possibility that a large number of cases are not being diagnosed

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Story 1: The End of The Stock Market’s Bull Market Brought Down By Chinese Communist Coughing Crisis — Bear Markets Begins — Videos —

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The 11-year bull market is ending. Here’s what a bear market means

Dow Enters Bear Market, S&P Flirts with Bear Market [Stock Market Review] March 11, 2020

Citi CEO tells Trump coronavirus is ‘not a financial crisis’

Warren Buffett talks coronavirus and oil ‘one-two punch’ on stock market

 

Bull Market Ends Like It Began: In Chaos, Without Any Warning

 Updated on 
  • Fed support not enough to salvage stocks gripped by virus fear
  • As one of the slowest bulls, it still beats the rest of world

Nobody knew then, but it was the start of a rally that would ultimately add $20 trillion to equities and become the most enduring in history.

Now, a bull market that nobody saw coming has ended the same way it began — amid panic, and with little warning. Based on when it last hit a record, the Dow plunged 20% from Feb. 12, and investors who had only just begun to wade back in are getting crushed by a global health scare that has, thus far, resisted every effort to halt. (Inconveniently for market statisticians, the bear market arrived first in the Dow and not their preferred gauge, the S&P 500.)

The Dow Jones Industrial Average closed 20% below its all-time high

In the end, it was one more crisis than could be contained by the market’s guardians. What set apart this bull market was, of course, the Federal Reserve. In modern history, no rally has been more closely associated with the central bank — and its unprecedented experiments in monetary policy — than this one. But policy makers who had so successfully shielded investors from credit crises, subpar economic growth and all manner of market turmoil, had no answer for a virus threatening to cause a global recession.

“What changed during this bull market is we assumed the Fed could solve everything. If this becomes a global demand problem, the Fed won’t be as able to help –- not with conventional policy,” said Peter Tchir, head of macro strategy at Academy Securities LLC.

It’s testament to the power of the advance that a plunge as violent as this one has lowered the annualized bull market return by less than 2 percentage points. If by a miracle you bought at the bottom, you’re still sitting on handsome gains — about 15% a year. Someone who waited 12 months before jumping in is doing fine, too.

“The bull market became an old friend and maybe we took its ability to fly for granted a bit too much, its ability to continue to power on,” said Marvin Loh, senior global macro strategist for State Street. “It was unique, it was euphoric. It made a lot of people feel great. But a lot of people didn’t participate as much as they could have, also.”

Not everyone will mourn an era whose early stages were fueled by Ben Bernanke’s controversial approach to stimulus, experiments with names like Quantitative Easing and Operation Twist designed to spur investment by pushing banks and individuals out of the fixed-income havens to which they flocked during the crisis. Every time the rally threatened to collapse — and shares twice before came within points of losing 20% — central bank pronouncements breathed new life.

Dow Jones Industrial Average falls 20% from a record

“Looking back on this bull market, financial textbooks will be re-written to start with central bank policy,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. “And that section could equate to nearly half the content.”

The rally was a monster by many measures. At its peak on Feb. 19, the S&P 500 needed to climb about 3% more to eclipse the return of the mother of all bull markets, the dot-com frenzy that lifted it 545%. At the same time, its slow-and-steady nature kept it out of the ranks of the fastest. Going by the S&P 500 — which isn’t in a bear market, technically — the 18.3% annualized gain at the top is actually smaller than all but one of 12 previous bull markets.

Its biggest claim to history is its length. While a robust debate exists among wonks over how to date bull markets, most statisticians consider this to be the most durable on record. It lasted 11 years and two days and featured two calendar years in which the total return exceeded 30%.

S&P 500 leaps way ahead of other markets

The unrelenting climb has made U.S. stocks the envy of the world for a decade. In the past 10 years, the S&P 500’s gained more than 135%, compared with an advance of about 60% in the MSCI All-Country World Index. Emerging market stocks fell around 2% over that period.

“It was an all-American bull market. It paid to be provincial,” said Doug Ramsey, chief investment officer at Leuthold Group. “Toward the end, consumer discretionary did exceptionally well, especially considering we came out of a massive consumer recession. That’s an all-American thing: consumption.”

Amid Europe’s credit crisis, a downgraded U.S. credit rating, the Flash Crash, the rally struggled to gain converts early on — some wags called it the most hated bull market ever. In later stages a different sort of contempt began to emerge, from struggling American wage earners who saw equity returns as a Fed-fomented gift to the 1%. At various times in the past decade the return on the S&P 500 has exceeded growth in worker pay by the most on record. Four tech megacaps have seen their value jump over $1 trillion.

That aside, for anyone depending on the market for old-age money, the sight of the plunge has been harrowing.

“Someday I’ll tell my grandchildren how our generation rode an investment fad that overweighted stocks in our portfolios from the highs down to the lows, leaving us with less than we hoped for in retirement,” said Chris Rupkey, chief financial economist for MUFG Union Bank. “The end of the bull market really means an end of confidence in our own futures. We’ll never see a repeat of 2019’s 28.8% gain in the S&P 500 again.”

https://www.bloomberg.com/news/articles/2020-03-11/bull-market-ends-like-it-began-in-chaos-without-any-warning

Story 2: World Health Organization (WHO) Declares COVID-19 Pandemic — 4 Countries (China, Iran, Italy, and South Korea ) Have Most Cases and Over 100 Countries Have Reported Cases– Videos 

BREAKING: Coronavirus declared a pandemic by WHO

What can we expect from Trump’s national address on coronavirus pandemic?

Coronavirus IS a pandemic: World Health Organization dramatically upgrades COVID-19 outbreak after ‘severity’ of cases across the globe and calls out ‘alarming inaction’ by some governments

  • The WHO said it was ‘deeply concerned by the alarming levels of spread and severity’ of the coronavirus
  • A pandemic is the uncontrolled spread of a new disease – more than 100 countries have recorded cases
  • Europe is now the centre of the crisis, with growing outbreaks in Italy, Spain, France, Germany and the UK 
  • At least 125,000 patients have been infected and 4,000 have died since the outbreak began last December
  • The virus has been spreading between humans in four continents since February 28, the WHO has admitted
  • Do you have a story about coronavirus? Email stephen.matthews@mailonline.co.uk or ring 020 361 51181
  • Coronavirus symptoms: what are they and should you see a doctor?

The World Health Organization today finally declared the coronavirus outbreak a pandemic after blaming ‘alarming levels of inaction’ by governments across the planet for fueling the crisis.

As the number of confirmed cases of the bug worldwide surpassed 112,000 – and the death toll neared 4,500 – the WHO said it was ‘deeply concerned by the alarming levels of spread and severity’.

Director-General of the UN agency Dr Tedros Adhanom also blasted governments for ignoring repeated WHO pleas to take urgent and aggressive action, with cases of the deadly illness outside of China having risen 13-fold in the space of a fortnight because of escalating crises in Italy, Iran, Spain, Germany, and France.

The WHO said: ‘Pandemic is not a word to use lightly or carelessly. It is a word that, if misused, can cause unreasonable fear, or unjustified acceptance that the fight is over, leading to unnecessary suffering and death.’

In a desperate call for governments to band together and tackle the coronavirus, Dr Adhanom said: ‘We’re in this together, to do the right things with calm and protect the citizens of the world. It’s doable.’

The last pandemic – defined as the uncontrolled worldwide spread of a new disease – to be officially declared was the swine flu outbreak in 2009, which scientists estimate killed hundreds of thousands of people.

More than 125,000 people globally have already been infected with the coronavirus, which can cause pneumonia but causes mild flu-like symptoms for 98 per cent of patients.

Cases have slowed dramatically in China, where the bug first emerged at the end of December. However, the crisis has now enveloped Europe, where the number of cases rises by the day.

Around 60million Italians – whose country is the worst-hid by the infection after China – are now subject to an official curfew imposed upon them by the Italian Government.

Outbreaks are also worsening in Spain, France, Germany, and the UK; in the latter, the eighth confirmed death by the coronavirus was announced earlier, leading to charges of dithering by Boris Johnson’s administration.

Leading experts, including Germany’s health minister, have called the crisis a pandemic for weeks – and the WHO itself has admitted the killer virus has been spreading between humans in four continents since February 28.

Medics in hazmat suits care to a patient in Civile Hospital, Brescia, Italy. Italy is at the centre of the escalating coronavirus crisis, with more than 10,000 cases recorded

A doctor in Wuhan, China – where the outbreak began at the end of December – checks the medicine given to an infected patient+29

A doctor in Wuhan, China – where the outbreak began at the end of December – checks the medicine given to an infected patient

Medical workers in Seoul, South Korea transfer a coronavirus patient to a hospital in a special tube to contain the virus

Doctors in Indonesia care for a suspected coronavirus patient at Suradadi Hospital in Tegal

WHAT IS THE DIFFERENCE BETWEEN A PANDEMIC AND AN EPIDEMIC?

An epidemic is a situation in which a disease takes hold in a single community, which could be a town, region or country.

For an epidemic to be declared, the disease must be continuing to spread among the population without people having to catch it from other people and not from the disease’s original source – in the case of the coronavirus this would be the animal market in Wuhan.

A pandemic is when this ongoing person-to-person spread of the disease happens in multiple countries around the world.

A disease being a pandemic does not make it more dangerous, nor change anything about how it affects people or what can be done to stop it.

The World Health Organization had hesitated to declare a pandemic because, for a long time, most of the cases being seen in countries outside of China were in people who had travelled there or caught it directly from someone who travelled there.

Now the disease is so widespread that people can catch it without any obvious link to China, and the numbers are continuing to rise worldwide despite travel bans, showing the virus is in constant circulation within various countries.

A report by the WHO on Monday confirmed that the virus was spreading unchecked in at least 30 countries in Europe, which is now at the centre of the global crisis.

In other developments to the escalating global crisis today:

  • An elderly woman became the first person to die of coronavirus in the Republic of Ireland; 
  • Iran reported 63 new deaths from the virus in 24 hours, the highest single-day toll since it announced the first deaths from the outbreak;
  • Three Disneyland Paris workers tested positive for the killer infection and were placed in quarantine as the park closes two attractions;
  • Holiday plans were thrown into further doubt as Turkey became the latest tourist hotspot to be hit by the coronavirus;
  • A passenger was arrested for licking his hand and wiping it on a handrail on the Belgian subway, forcing the train to be taken off service and disinfected;
  • A British woman became the first person to catch the killer illness in Jamaica – it is unclear where she caught the virus;
  • Experts have warned Italy has a higher death rate than expected because its population is older than average.

The specific definition of a pandemic are not universally agreed upon, but there are known to be three main criteria.

These are: sustained person-to-person transmission, evidence of world-wide spread and a disease that can cause sudden illness or death.

COVID-19 is a mild flu-like illness for the overwhelming majority of patients, which may explain why the WHO was so reluctant to call it a pandemic.

Until today, it said the clusters of cases in other countries around the world could be traced back to Asia, where the situation began.

Calling the outbreak a pandemic does not mean any advice given to countries on on how to contain the killer virus will change – it is just an admission that it is now spreading in dozens of nations.

More countries have now confirmed cases of COVID-19, the disease caused by the killer infection, than those that haven’t.

Saudi Arabia temporarily suspended travel of citizens and residents and halted flights with several states on Thursday due to coronavirus fears.

The decision includes the European Union, Switzerland, India, Pakistan, Sri Lanka, Philippines, Sudan, Ethiopia, South Sudan, Eritrea, Kenya, Djibouti, and Somalia, source added, saying the Kingdom also suspended entry to those coming from these countries.

Saudi Arabia also suspended passenger traffic through all land crossings with Jordan, while commercial and cargo traffic is still allowed, and the passage of exceptional humanitarian cases.

The decision excludes health workers in the Kingdom from Philippines and India, and evacuation, shipping and trade trips taking necessary precautions. Saudi Arabia has 45 coronavirus cases.

Cuba confirmed its first cases of coronavirus, while its textile industry has been drafted to fabricate masks and the government also urged citizens to make their own, amid a cash crunch and dwindling supplies worldwide.

The World Health Organization has said the coronavirus outbreak can now be classed as a pandemic. Pictured, it's chief executive Dr Tedros Adhanom

The World Health Organization has said the coronavirus outbreak can now be classed as a pandemic. Pictured, it’s chief executive Dr Tedros Adhanom

WHAT ARE COUNTRIES DOING TO STOP THE CORONAVIRUS?

World Health Organization director-general, Dr Tedros Adhanom Ghebreyesus, applauded the efforts Italy, South Korea and Iran have been making to try and stop the coronavirus.

Here’s what they’re doing:

Italy 

Italy’s government has this week put the entire country into a lockdown. Citizens have been told not to travel out of their hometowns unless it is necessary, and face jail time if they try to break the rules. They are allowed out to go shopping and to go to work in some cases.

Schools, museums, sports events and large gatherings have all been closed or cancelled to stop people coming together in crowds.

The country is urging all tourists who are there to leave and return to their home countries.

South Korea 

South Korea has been hailed as a success in its coronavirus response as it appears to have managed to stem a rapidly spiralling outbreak. Thousands of people were infected there in a short space of time but the country locked down the worst-hit cities – Daegu and Cheongdo – and ramped up testing and isolation protocols.

The nation quickly upgraded its response to a high alert level and was meticulous in tracing the contacts of its confirmed cases and testing and isolating them, too. Rapid diagnostic tests have been available there since mid-January, Pharmaceutical Technology reports.

It issued stay-home notices to citizens in Cheongdo and Daegu and sent the cities into shutdown while officials tracked down coronavirus patients.

Iran

Iran has also seen a devastating surge in coronavirus cases in a short time but has told its citizens to stop travelling around the country.

The country’s national airline has stopped all flights to Europe and the authorities have closed all schools and universities, stopped large events and sports matches, and cut people’s working hours to try and reduce travel and slow down the spread of the virus.

There are roadblocks with checks on people travelling around the city of Qom, where the outbreak started, The Guardian reported.

At a press conference in Geneva – where the WHO is based, Dr Tedros revealed 81 countries have not reported any cases.

He said: ‘We cannot say this loudly enough, or clearly enough, or often enough: all countries can still change the course of this pandemic. Even those countries with community transmission or large clusters can turn the tide on this coronavirus.’

Dr Tedros said several countries have demonstrated the virus can be suppressed and controlled – outbreaks in China and South Korea have dramatically slowed.

But he added the ‘challenge for many countries’ now dealing with large clusters ‘is not whether they can do the same – it’s whether they will’.

Dr Tedros also said: ‘Some countries are struggling with a lack of capacity. Some countries are struggling with a lack of resources.’

And in a veiled jab at some countries battling escalating outbreaks, he added: ‘Some countries are struggling with a lack of resolve.’

He said: ‘We are grateful for the measures being taken in Iran, Italy and South Korea to slow the virus and control their COVID19 epidemics. We know that these measures are taking a heavy toll on societies and economies, just as they did in China.

‘All countries must strike a fine balance between protecting health, minimizing economic & social disruption & respecting human rights.

‘This is not just a public health crisis, it is a crisis that will touch every sector – so every sector and every individual must be involved in the fight.

‘I remind all countries that we are calling on you to: activate & scale up your emergency response mechanisms; communicate with your people about the risks and how they can protect themselves; find, isolate, test and treat every COVID19 case and trace every contact.’

An epidemic is a situation in which a disease takes hold in a single community, which could be a town, region or country. A pandemic is when this ongoing person-to-person spread of the disease happens in multiple countries around the world.

A disease being a pandemic does not make it more dangerous, nor change anything about how it affects people or what can be done to stop it.

A report by the WHO on Monday confirmed that the virus was spreading unchecked in 30 countries in Europe, which is now at the centre of the global crisis.

The list of countries include Spain, Germany and France – popular Easter holiday destinations for thousands of Brits looking to jet abroad.

It comes after an elderly woman today became the first person to die of the killer coronavirus in the Republic of Ireland.

The patient, who hasn’t been identified, suffered from respiratory symptoms before a doctor decided to test for COVID-19.

Health chiefs in Ireland did not reveal her age but said she died earlier today despite treatment at a hospital in the east of the country.

Chief medical officer Dr Tony Holohan said: ‘I would like to extend my condolences to the family and friends of this patient.’

The head of the Irish Health Service Executive (HSE) Paul Reid tweeted that the Republic is entering 'a new phase' of coronavirus

The head of the Irish Health Service Executive (HSE) Paul Reid tweeted that the Republic is entering ‘a new phase’ of coronavirus

IRAN RECORDS 63 NEW DEATHS FROM THE VIRUS – THE HIGHEST DAILY TOLL

Iran today reported 63 new deaths from the coronavirus in the past 24 hours, the highest single-day toll since it announced the first deaths from the outbreak.

In an attempt to combat the disease, firefighters were deployed this morning to spray disinfectant over the city’s streets.

Iran’s Health Ministry said the deaths are among some 9,000 confirmed cases in Iran, where the virus has spread to all of the country’s provinces.

Iran is yet to officially impose quarantines but authorities have repeatedly called on people to refrain from travelling. It has closed schools and universities and resorted to shutting hotels and other tourist accommodation to discourage travel.

 Among the dead are five of Iran’s elite Revolutionary Guard members and an unspecified number of the Guard’s volunteer Basij force.

There are concerns that the number of infections across Iran is much higher than the confirmed cases reported by the government, which is struggling to contain or manage its spread. The rising casualty figures each day in Iran suggest the fight against the new coronavirus is far from over.

In other developments, a British woman died of coronavirus in Indonesia – becoming the country’s first death in the epidemic.

Indonesia’s government said the 53-year-old woman with diabetes and lung disease had died in hospital after being admitted in a critical condition.

Reports in Indonesia say she was cremated today. Her husband was also in Indonesia and is due to return to Britain soon, officials say.

It means eight Brits have now died from COVID-19. The first death to be recorded was a holidaymaker onboard the doomed Diamond Princess cruise ship, which was quarantined off the coast of Japan.

Six fatalities have since been recorded in England. Scotland, Wales and Northern Ireland have yet to record any deaths.

Iran today reported 63 new deaths from the coronavirus in the past 24 hours, the highest single-day toll since it announced the first deaths from the outbreak.

In an attempt to combat the disease, firefighters were deployed this morning to spray disinfectant over the city’s streets.

Iran’s Health Ministry said the deaths are among some 9,000 confirmed cases in Iran, where the virus has spread to all of the country’s provinces.

Iran is yet to officially impose quarantines but authorities have repeatedly called on people to refrain from travelling.

It has closed schools and universities and resorted to shutting hotels and other tourist accommodation to discourage travel.

Indonesia's government said the 53-year-old woman with diabetes and lung disease had died in hospital, reportedly the Sanglah hospital in Bali (pictured)

The British woman was reportedly cremated at this crematorium complex in Bali today (pictured) after she died following a positive test for coronavirus
Pictured, a couple wearing face masks on the tube in London, where 104 cases of coronavirus have been confirmed

Pictured, a male goes about this normal travel business on a quiet Bakerloo Line today

Most of the cases confirmed in the UK have been in England (387). Fears are mounting that the worsening crisis in the UK is mirroring that of Italy, where 60million people have been placed in an unprecedented lockdown

People wearing a protective face masks walking across London Bridge today as Britain braces itself for an increase in cases of the coronavirus. Experts expect the outbreak to peak in the next fortnight with thousands more cases

People wearing a protective face masks walking across London Bridge today as Britain braces itself for an increase in cases of the coronavirus. Experts expect the outbreak to peak in the next fortnight with thousands more cases

Firefighters on a firetruck trundle down a road in southern Tehran today, spraying disinfectant to stem the spread of the coronavirus

Firefighters on a firetruck trundle down a road in southern Tehran today, spraying disinfectant to stem the spread of the coronavirus

A firefighter points from the spraying end of a fire truck that is disinfecting the streets of Tehran, today

A firefighter points from the spraying end of a fire truck that is disinfecting the streets of Tehran, today

Disinfection works are being carried out by fire brigade crew in the streets of Tehran as a precaution against coronavirus (COVID-19) today

Disinfection works are being carried out by fire brigade crew in the streets of Tehran as a precaution against coronavirus (COVID-19) today

Iranian firefighters disinfect the streets of Tehran to halt the spread of the coronavirus today

WHY ARE SO MANY PATIENTS DYING IN ITALY?

Italy has the highest coronavirus death rate in the world with one in every 16 people who catch the disease there dying from it.

At least 10,149 people have now been diagnosed with the virus, making it the worst hit country outside of China, and 631 are confirmed to have died.

Its death rate is 6.22 per cent, according to the most recent data – the highest in the world.

The deadly impact in Italy has been put down to three possible factors – a huge population of old people, cases being concentrated in a small area, and a lag in testing meaning the number of total cases is inaccurate.

Italy has the biggest population of elderly people in Europe, with almost a quarter of people (22 per cent) aged 65 or older. And the median age – the middle of the age range – is 46.5 years old, according to the CIA – the fifth highest in the world.

For comparison, the UK’s median age is 40.6 (18 per cent aged over 65) and the US’s is 38.5 (17 per cent over 65).

The older someone is, the more deadly catching the coronavirus can be. Age is known to be one of the biggest risk factors because the immune system and lungs are naturally weaker so the body is less able to fend off pneumonia, which the virus causes in severe cases.

Research has found that people aged 80 or over have a 14.8 per cent risk (one in seven) of dying if they develop COVID-19, the disease caused by the coronavirus.

 Among the dead are five of Iran’s elite Revolutionary Guard members and an unspecified number of the Guard’s volunteer Basij force.

There are concerns that the number of infections across Iran is much higher than the confirmed cases reported by the government, which is struggling to contain or manage its spread.

The rising casualty figures each day in Iran suggest the fight against the new coronavirus is far from over.

It comes after a passenger was arrested for licking his hand and wiping it on a handrail on the Belgian subway, forcing the train to be taken off service and disinfected.

The unidentified man, who appears intoxicated, can be seen removing his mask before bringing his hand to his mouth and licking it.

He then brings his right hand up to the vertical rail and grips it, before rubbing it along the bar.

The Brussels Intercommunal Transport Company, the capital’s public transport provider, tweeted shortly after the event: ‘The man (intoxicated) was arrested by the police and our security service.

‘The subway train was withdrawn from service to be disinfected. Thank you for your message. Our metros are cleaned every day.’

The video, posted by a user who preferred to remain anonymous, was uploaded to Twitter on Saturday and social media users were outraged by the man’s behaviour.

Elsewhere in Europe, Poland today closed all schools, museums and cinemas, while Ukraine’s capital city Kiev will shut all educational buildings due to fears of coronavirus spreading despite both countries having lower rates of infection compared to the rest of Europe.

Speaking at a joint conference following a special meeting on coronavirus, Polish ministers said that pre-schools and schools would stop teaching on Thursday, but limited care would still be provided this week to the youngest children. Universities, museums, theaters and cinemas will also close on Thursday for two weeks, the officials said.

In the footage posted on the 9 March, the man can be seen cradling his can of beer on the Belgium subway system

In the footage posted on the 9 March, the man can be seen cradling his can of beer on the Belgium subway system

The man, who the Brussels public transport system said was intoxicated, can be seen pulling down his face mask

BUT DIDN’T THE WORLD HEALTH ORGANIZATION SAY IT WOULD NOT DECLARE OUTBREAKS A PANDEMIC?

The WHO drew flak for declaring the 2009 swine flu outbreak a pandemic, which turned out to be mild and less deadly than feared.

It used to use a six-phase system for outbreaks, with phase six being a full-blown pandemic. Critics said the WHO created panic about swine flu and caused governments to stockpile vaccines which went unused.

Some even questioned its links to the pharmaceutical industry, after firms such as GlaxoSmithKline profited from producing a H1N1 vaccine.

H1N1, which emerged in Mexico and the US, is thought to have killed up to 200,000 people in more than 200 countries.

WHO spokesperson Tarik Jasarevic told MailOnline that the body no longer uses the six-tier phasing system but added its advice ‘remains the same’.

He said: ‘We continue working with countries to limit the spread of the virus while also preparing for the possibility of wider spread.’

The WHO eventually declared the coronavirus outbreak a public health emergency of international concern (PHEIC) on January 30.

The WHO rejected making the coronavirus outbreak a PHEIC before its eventual U-turn. It is only the sixth time the term has been used.

The designation, still in place, was aimed at helping countries with weaker health systems shore up their defenses, especially in Africa.

The move is also being carried out by Poland’s neighbour, Ukraine, in its capital city, Kiev.

Poland has confirmed 26 cases of coronavirus, but looking at how fast the virus spreads in some other European countries, the government decided to take the preventive action, officials said.

The Mayor of Kiev, Vitaly Klitschko, whose country has counted just one case, said he was introducing similar ‘preventive measures’.

The WHO earlier this month admitted the killer coronavirus outbreak sweeping the world won’t be officially declared a pandemic.

Instead, the UN-body said the crisis has already been a public health emergency of international concern – the highest warning level – for a month.

The WHO drew flak for declaring the 2009 swine flu outbreak a pandemic, which turned out to be mild and less deadly than feared.

It used to use a six-phase system for outbreaks, with phase six being a full-blown pandemic.

Critics said the WHO created panic about swine flu and caused governments to stockpile vaccines which went unused.

Some even questioned its links to the pharmaceutical industry, after firms such as GlaxoSmithKline profited from producing a H1N1 vaccine.

H1N1, which emerged in Mexico and the US, is thought to have killed up to 200,000 people in more than 200 countries.

The WHO eventually declared the coronavirus outbreak a public health emergency of international concern (PHEIC) on January 30.

The WHO rejected making the coronavirus outbreak a PHEIC before its eventual U-turn. It is only the sixth time the term has been used.

The designation, still in place, was aimed at helping countries with weaker health systems shore up their defenses, especially in Africa.

Polish Border Guard officers during a sanitary control on the Polish-Ukrainian railway border in Przemysl, southeastern Poland, yesterday

Health workers wear a protective masks and suits as they stands next to a temporary health facility before screening passengers on the A1 highway near the Polish-Czech border yesterday in Gorzyczki, Poland

Why are so many people dying from the coronavirus in Italy? Experts warn country’s population is older than average and say thousands of cases could have been missed because symptoms are so mild

Italy has the highest coronavirus death rate in the world with one in every 16 people who catch the disease there dying from it.

At least 10,149 people have now been diagnosed with the virus, making it the worst hit country outside of China, and 631 are confirmed to have died.

Its death rate is 6.22 per cent, according to the most recent data – the highest in the world.

In China the death rate is 3.91 per cent and scientists have suggested if that is higher than the true figure because many cases are likely to be going unreported.

The deadly impact in Italy has been put down to three possible factors – a huge population of old people, cases being concentrated in a small area, and a lag in testing meaning the number of total cases is inaccurate.

Only Wuhan and the Hubei province around it have more cases of the coronavirus than Lombardy, the worst hit area in Italy, which is putting immense pressure on local health systems.

Italy has the worst coronavirus death rate in the world, which experts put down to its elderly population and the possibility that a large number of cases are not being diagnosed

Milan's Duomo cathedral is pictured almost deserted today as Italy is in complete lockdown as it grapples with the worst coronavirus outbreak outside of China

A municipal worker is seen spraying disinfectant in Piazza San Marco in Venice today. Tourism has all but stopped in Italy and citizens are banned from travelling

A municipal worker is seen spraying disinfectant in Piazza San Marco in Venice today. Tourism has all but stopped in Italy and citizens are banned from travelling

Italy has become the unlikely epicenter of the world’s coronavirus crisis.

It yesterday recorded a massive 168 deaths in a single day and, on Monday, had at least 1,492 new infections confirmed.

Even in the peak of its own epidemic, China – with a population 22 times the size of Italy’s – never recorded more than 3,900 in a day.

Government complacency has been blamed for the speed at which the outbreak has gripped the country, but the age of its citizens may be what is causing the deaths.

Italy has the biggest population of elderly people in Europe, with almost a quarter of people (22 per cent) aged 65 or older.

And the median age – the middle of the age range – is 46.5 years old, according to the CIA – the fifth highest in the world.

For comparison, the UK’s median age is 40.6 (18 per cent aged over 65) and the US’s is 38.5 (17 per cent over 65).

The older someone is, the more deadly catching the coronavirus can be.

Age is known to be one of the biggest risk factors because the immune system and lungs are naturally weaker so the body is less able to fend off pneumonia, which the virus causes in severe cases.

Research has found that people aged 80 or over have a 14.8 per cent risk (one in seven) of dying if they develop COVID-19, the disease caused by the coronavirus.

The local president of Lombardy, Attilio Fontana, confirmed: ‘All the deaths we’ve had are either very old people or very sick people,’ the New York Times reported.

Figures from the World Health Organization and Chinese scientists reveal that as the age of the patient increases, the greater their risk of dying

People queue up outside a supermarket in Rome today. People have been urged to keep their distance from others and to avoid forming crowds

Top-tier football teams Juventus and Inter Milan are pictured playing a match behind closed doors earlier this week – the Serie A league has since been put on hold as the government battles the outbreak

A roadblock is shown at the Austrian border – Austria is now turning away Italian citizens who try to cross onto its soil without a certificate proving they're coronavirus-free

A roadblock is shown at the Austrian border – Austria is now turning away Italian citizens who try to cross onto its soil without a certificate proving they’re coronavirus-free

Victim’s brother furious at lack of support from Italian authorities

WHAT ARE THE RULES OF ITALY’S QUARANTINE?

THE SICK MUST STAY AT HOME

People who have tested positive for coronavirus must not leave their homes for any reason.

Anyone with a fever or respiratory symptoms is urged to stay at home and limit social contact, including with their doctor.

NO TRAVEL ACROSS ITALY

Travel is only allowed for ‘urgent, verifiable work situations and emergencies or health reasons’. Grocery shopping is considered a ‘necessity’ and still allowed.

To avoid work-related travel, public and private companies have been urged to put their staff on leave.

Flights, trains and public transport will continue but Prime Minister Giuseppe Conte says he wants as many people as possible to stay at home.

People who do want to travel will need to fill in a document explaining their reasons for doing so and carry it with them.

NO PUBLIC GATHERINGS

‘All forms of gatherings in public places or sites open to the public’ are banned, the decree says.

Cinemas, museums, theatres, pubs, dance schools, betting shops and discos are all closed. Weddings and funerals are banned. Schools and universities will remain shut until April 3.

Bars and restaurants were only allowed to open between 8am and 6pm, the decree said, and only if a distance of at least 3ft could be kept between customers.

Sporting events of all levels and disciplines were cancelled – stopping play in the Serie A football league. Fixtures in international competitions can go ahead but will be played behind closed doors.

Gyms, sports centres, swimming pools, spas and leisure centres must close.

SHOPS MUST KEEP 3FT DISTANCE

Shops can remain open but only if they can guarantee the 3ft safety distance for customers.

Big and mid-sized shopping centres have to close at the weekend. Food stores are allowed to remain open at all hours.

NO LEAVE FOR HEALTH WORKERS

Leave for health workers is cancelled. People accompanying their friends or relatives to emergency units are not allowed to stay with them in the waiting rooms without express permission.

ALL OF ITALY IS COVERED

The entire country, including the islands of Sicily and Sardinia, is covered by the decree – covering a total population of some 60million people.

As patient ages decline, so do their chances of dying.

Between 60 and 69 years old the death rate is around 3.6 per cent, while it is more like 1.3 per cent for those aged 50 to 59.

For people in their 40s this drops to 0.4 per cent, and it’s just 0.2 per cent for those in their 30s.

People who have other long-term health problems, such as diabetes, heart disease or cancer are also at a greater risk because they have weaker immune systems than usual.

Italians caught up in the country’s coronavirus outbreak may also be at particularly high risk because most of the cases are concentrated in a small area.

The northern regions of Lombardy and Veneto are the ones that have been hardest hit by the infection.

Lombardy is an area smaller than England with Milan as its only major city, but is host to more than 5,000 coronavirus cases, while the surrounding regions of Emilia-Romagna, Veneto and Piedmont contain the majority of the remainder.

This means Lombardy has more cases than any province of China outside of Hubei, of which Wuhan is the capital.

That region alone has more cases than Spain, France, Germany or the US do in total.

As a result local hospitals are under immense pressure, which means patients may not get the high quality care they need and the virus could be more likely to spread in overloaded hospitals.

Experts also say that the true number of cases is not being recorded in Italy because the infection is spreading so fast and people with mild illness may not be counted.

This means the death rate appears higher than it is because all the deaths will be counted – most patients will have been hospitalised and diagnosed before dying –but not all the infections.

Krys Johnson, a disease expert at Temple University in Philadelphia, admitted: ‘We probably don’t know how many people have actually become infected,’ according to Scientific American.

The situation is so bad in Italy partly because the Government stopped testing people in late January unless they had been to China.

Strict rules had been put in place to test anyone with the symptoms of coronavirus but, after the Government banned all flights from China – it was the first country to do so – the testing relaxed.

As a result, infected people are believed to have travelled into Italy from other countries.

The first confirmed patient is thought to have passed the virus on to at least five other people, including doctors and patients in the hospital he was taken to, before even being diagnosed.

Officials still don’t know how the man, a 38-year-old in Milan, was infected, and there are fears the virus circulated for weeks before he was discovered.

WHAT DO WE KNOW ABOUT THE CORONAVIRUS?

Someone who is infected with the coronavirus can spread it with just a simple cough or a sneeze, scientists say.

More than 4,500 people with the virus are now confirmed to have died and more than 125,000 have been infected. Here’s what we know so far:

What is the coronavirus?

A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a spiked shell which resembles a royal crown.

The coronavirus from Wuhan is one which has never been seen before this outbreak. It has been named SARS-CoV-2 by the International Committee on Taxonomy of Viruses. The name stands for Severe Acute Respiratory Syndrome coronavirus 2.

Experts say the bug, which has killed around one in 50 patients since the outbreak began in December, is a ‘sister’ of the SARS illness which hit China in 2002, so has been named after it.

The disease that the virus causes has been named COVID-19, which stands for coronavirus disease 2019.

Dr Helena Maier, from the Pirbright Institute, said: ‘Coronaviruses are a family of viruses that infect a wide range of different species including humans, cattle, pigs, chickens, dogs, cats and wild animals.

‘Until this new coronavirus was identified, there were only six different coronaviruses known to infect humans. Four of these cause a mild common cold-type illness, but since 2002 there has been the emergence of two new coronaviruses that can infect humans and result in more severe disease (Severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS) coronaviruses).

‘Coronaviruses are known to be able to occasionally jump from one species to another and that is what happened in the case of SARS, MERS and the new coronavirus. The animal origin of the new coronavirus is not yet known.’

The first human cases were publicly reported from the Chinese city of Wuhan, where approximately 11million people live, after medics first started publicly reporting infections on December 31.

By January 8, 59 suspected cases had been reported and seven people were in critical condition. Tests were developed for the new virus and recorded cases started to surge.

The first person died that week and, by January 16, two were dead and 41 cases were confirmed. The next day, scientists predicted that 1,700 people had become infected, possibly up to 7,000.

Just a week after that, there had been more than 800 confirmed cases and those same scientists estimated that some 4,000 – possibly 9,700 – were infected in Wuhan alone. By that point, 26 people had died.

By January 27, more than 2,800 people were confirmed to have been infected, 81 had died, and estimates of the total number of cases ranged from 100,000 to 350,000 in Wuhan alone.

By January 29, the number of deaths had risen to 132 and cases were in excess of 6,000.  

By February 5, there were more than 24,000 cases and 492 deaths.

By February 11, this had risen to more than 43,000 cases and 1,000 deaths. 

A change in the way cases are confirmed on February 13 – doctors decided to start using lung scans as a formal diagnosis, as well as laboratory tests – caused a spike in the number of cases, to more than 60,000 and to 1,369 deaths.

By February 25, around 80,000 people had been infected and some 2,700 had died. February 25 was the first day in the outbreak when fewer cases were diagnosed within China than in the rest of the world. 

Where does the virus come from?

According to scientists, the virus almost certainly came from bats. Coronaviruses in general tend to originate in animals – the similar SARS and MERS viruses are believed to have originated in civet cats and camels, respectively.

The first cases of COVID-19 came from people visiting or working in a live animal market in Wuhan, which has since been closed down for investigation.

Although the market is officially a seafood market, other dead and living animals were being sold there, including wolf cubs, salamanders, snakes, peacocks, porcupines and camel meat.

A study by the Wuhan Institute of Virology, published in February 2020 in the scientific journal Nature, found that the genetic make-up virus samples found in patients in China is 96 per cent identical to a coronavirus they found in bats.

However, there were not many bats at the market so scientists say it was likely there was an animal which acted as a middle-man, contracting it from a bat before then transmitting it to a human. It has not yet been confirmed what type of animal this was.

Dr Michael Skinner, a virologist at Imperial College London, was not involved with the research but said: ‘The discovery definitely places the origin of nCoV in bats in China.

‘We still do not know whether another species served as an intermediate host to amplify the virus, and possibly even to bring it to the market, nor what species that host might have been.’

So far the fatalities are quite low. Why are health experts so worried about it? 

Experts say the international community is concerned about the virus because so little is known about it and it appears to be spreading quickly.

It is similar to SARS, which infected 8,000 people and killed nearly 800 in an outbreak in Asia in 2003, in that it is a type of coronavirus which infects humans’ lungs. It is less deadly than SARS, however, which killed around one in 10 people, compared to approximately one in 50 for COVID-19.

Another reason for concern is that nobody has any immunity to the virus because they’ve never encountered it before. This means it may be able to cause more damage than viruses we come across often, like the flu or common cold.

Speaking at a briefing in January, Oxford University professor, Dr Peter Horby, said: ‘Novel viruses can spread much faster through the population than viruses which circulate all the time because we have no immunity to them.

‘Most seasonal flu viruses have a case fatality rate of less than one in 1,000 people. Here we’re talking about a virus where we don’t understand fully the severity spectrum but it’s possible the case fatality rate could be as high as two per cent.’

If the death rate is truly two per cent, that means two out of every 100 patients who get it will die.

‘My feeling is it’s lower,’ Dr Horby added. ‘We’re probably missing this iceberg of milder cases. But that’s the current circumstance we’re in.

‘Two per cent case fatality rate is comparable to the Spanish Flu pandemic in 1918 so it is a significant concern globally.’

How does the virus spread?

The illness can spread between people just through coughs and sneezes, making it an extremely contagious infection. And it may also spread even before someone has symptoms.

It is believed to travel in the saliva and even through water in the eyes, therefore close contact, kissing, and sharing cutlery or utensils are all risky. It can also live on surfaces, such as plastic and steel, for up to 72 hours, meaning people can catch it by touching contaminated surfaces.

Originally, people were thought to be catching it from a live animal market in Wuhan city. But cases soon began to emerge in people who had never been there, which forced medics to realise it was spreading from person to person.

What does the virus do to you? What are the symptoms?

Once someone has caught the COVID-19 virus it may take between two and 14 days, or even longer, for them to show any symptoms – but they may still be contagious during this time.

If and when they do become ill, typical signs include a runny nose, a cough, sore throat and a fever (high temperature). The vast majority of patients will recover from these without any issues, and many will need no medical help at all.

In a small group of patients, who seem mainly to be the elderly or those with long-term illnesses, it can lead to pneumonia. Pneumonia is an infection in which the insides of the lungs swell up and fill with fluid. It makes it increasingly difficult to breathe and, if left untreated, can be fatal and suffocate people.

Figures are showing that young children do not seem to be particularly badly affected by the virus, which they say is peculiar considering their susceptibility to flu, but it is not clear why.

What have genetic tests revealed about the virus?

Scientists in China have recorded the genetic sequences of around 19 strains of the virus and released them to experts working around the world.

This allows others to study them, develop tests and potentially look into treating the illness they cause.

Examinations have revealed the coronavirus did not change much – changing is known as mutating – much during the early stages of its spread.

However, the director-general of China’s Center for Disease Control and Prevention, Gao Fu, said the virus was mutating and adapting as it spread through people.

This means efforts to study the virus and to potentially control it may be made extra difficult because the virus might look different every time scientists analyse it.

More study may be able to reveal whether the virus first infected a small number of people then change and spread from them, or whether there were various versions of the virus coming from animals which have developed separately.

How dangerous is the virus?  

The virus has a death rate of around two per cent. This is a similar death rate to the Spanish Flu outbreak which, in 1918, went on to kill around 50million people.

Experts have been conflicted since the beginning of the outbreak about whether the true number of people who are infected is significantly higher than the official numbers of recorded cases. Some people are expected to have such mild symptoms that they never even realise they are ill unless they’re tested, so only the more serious cases get discovered, making the death toll seem higher than it really is.

However, an investigation into government surveillance in China said it had found no reason to believe this was true.

Dr Bruce Aylward, a World Health Organization official who went on a mission to China, said there was no evidence that figures were only showing the tip of the iceberg, and said recording appeared to be accurate, Stat News reported.

Can the virus be cured?

The COVID-19 virus cannot be cured and it is proving difficult to contain.

Antibiotics do not work against viruses, so they are out of the question. Antiviral drugs can work, but the process of understanding a virus then developing and producing drugs to treat it would take years and huge amounts of money.

No vaccine exists for the coronavirus yet and it’s not likely one will be developed in time to be of any use in this outbreak, for similar reasons to the above.

The National Institutes of Health in the US, and Baylor University in Waco, Texas, say they are working on a vaccine based on what they know about coronaviruses in general, using information from the SARS outbreak. But this may take a year or more to develop, according to Pharmaceutical Technology.

Currently, governments and health authorities are working to contain the virus and to care for patients who are sick and stop them infecting other people.

People who catch the illness are being quarantined in hospitals, where their symptoms can be treated and they will be away from the uninfected public.

And airports around the world are putting in place screening measures such as having doctors on-site, taking people’s temperatures to check for fevers and using thermal screening to spot those who might be ill (infection causes a raised temperature).

However, it can take weeks for symptoms to appear, so there is only a small likelihood that patients will be spotted up in an airport.

Is this outbreak an epidemic or a pandemic?

The outbreak was declared a pandemic on March 11. A pandemic is defined by the World Health Organization as the ‘worldwide spread of a new disease’.

Previously, the UN agency said most cases outside of Hubei had been ‘spillover’ from the epicentre, so the disease wasn’t actually spreading actively around the world.

https://www.dailymail.co.uk/health/article-8101003/World-Health-Organization-says-coronavirus-classed-pandemic.html

Story 3: Dr. Fauci: We’re going to get a lot more infections — Videos —

Dr. Fauci: We’re going to get a lot more infections

Ingraham: Contain the virus but protect our freedom

 

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The Pronk Pops Show 1324, September 20, 2019, Story 1: President Trump Approved Sending U.S. Troops To Bolster Saudi Arabia’s Air and Missile Defenses — Videos — Story 2: Partisan Whistle Blower Complaint of Trump Phone Call To World Leader — Just Another Hack Job — Dead on Arrival — Junk Journalism — Videos — Story 3: Federal Reserve Injects Billions Into Economy As Business and Investors Demand for Money Increases — Videos — Story 4: Collectivist Climate Change Cult Child Abuser Alarmists — The Green New Steal — Videos

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Story 1: President Trump Approved Sending U.S. Troops To Bolster Saudi Arabia’s Air and Missile Defenses — Videos

Pentagon announces troop deployment to Saudi Arabia

US deploys troops to Saudi Arabia

PBS NewsHour full episode September 20, 2019

Pentagon briefs Trump on military options against Iran

POLL: Just 13% Support Trump’s War For Saudi Arabia

Iran Attack on Saudi Arabia Oil Not Slowing Aramco IPO

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Did Satellites Spot a Secret Drone Hangar in Saudi Arabia?

United States sending troops to bolster Saudi defenses after attack

by Reuters
Friday, 20 September 2019 23:57 GMT

By Phil Stewart and Idrees Ali

 U.S. President Donald Trump on Friday approved sending American troops to bolster Saudi Arabia’s air and missile defenses after the largest-ever attack on the kingdom’s oil facilities, which Washington has squarely blamed on Iran.

The Pentagon said the deployment would involve a moderate number of troops – not numbering thousands – and would be primarily defensive in nature. It also detailed plans to expedite delivery of military equipment to both Saudi Arabia and the United Arab Emirates.

Reuters has previously reported that the Pentagon was considering sending anti-missile batteries, drones and more fighter jets. The United States is also considering keeping an aircraft carrier in the region indefinitely.

“In response to the kingdom’s request, the president has approved the deployment of U.S. forces, which will be defensive in nature and primarily focused on air and missile defense,” U.S. Defense Secretary Mark Esper said at a news briefing.

“We will also work to accelerate the delivery of military equipment to the kingdom of Saudi Arabia and the UAE to enhance their ability to defend themselves.

The Pentagon’s late Friday announcement appeared to close the door to any imminent decision to wage retaliatory strikes against Iran following the attack, which rattled global markets and exposed major gaps in Saudi Arabia’s air defenses.

Trump said earlier on Friday that he believed his military restraint so far showed “strength,” as he instead imposed another round of economic sanctions on Tehran.

“Because the easiest thing I could do, ‘Okay, go ahead. Knock out 15 different major things in Iran.’ … But I’m not looking to do that if I can,” Trump told reporters at the White House.

But the deployment could further aggravate Iran, which has responded to previous U.S. troop deployments this year with apprehension. It denies responsibility for the attack on Saudi Arabia.

Yemen’s Iran-aligned Houthi movement, which has been battling a Saudi-led military coalition that includes the UAE, has claimed responsibility for the strikes.

ATTACK LAUNCHED FROM IRAN?

Relations between the United States and Iran have deteriorated sharply since Trump pulled out of the Iran nuclear accord last year and reimposed sanctions on its oil exports.

For months, Iranian officials issued veiled threats, saying that if Tehran were blocked from exporting oil, other countries would not be able to do so either.

However, Iran has denied any role in a series of attacks in recent months, including bombings of tankers in the Gulf and strikes claimed by the Houthis.

U.S. officials, speaking on condition of anonymity, have fingered southwest Iran as the staging ground for the attack, an assessment based at least in part on still-classified imagery showing Iran appearing to prepare an aerial strike.

They have dismissed Houthi claims that the attacks originated in Yemen.

One of the officials told Reuters the strike may have been authorized by Iran’s Supreme Leader Ayatollah Ali Khamenei.

The United States is wary of getting dragged into another conflict in the Middle East. It has troops positioned in Syria and Iraq, two countries where Iranian influence is strong and Iran-backed forces operate openly.

U.S. officials fear Iran’s proxies might attempt to strike American troops there, something that could easily trigger a broader regional conflict.

Saudi Arabia has said it was attacked by a total of 25 drones and missiles, including Iranian Delta Wing unmanned aerial vehicles (UAV) and “Ya Ali” cruise missiles.

U.S. Marine General Joseph Dunford, chairman of the Joint Chiefs of Staff, said officials were still hammering out the best array of capabilities to defend Saudi Arabia, noting the difficulty combating a swarm of drones.

No single system is going to be able to defend against a threat like that, but a layered system of defensive capabilities would mitigate the risk of swarms of drones or other attacks that may come from Iran,” Dunford said. (Reporting by Phil Stewart, Idrees Ali, Eric Beech and Mohammad Zargham Editing by Chizu Nomiyama and Cynthia Osterman)

http://news.trust.org/item/20190920230811-gljdq

Story 2: Partisan Whistle Blower Complaint of Trump Phone Call To World Leader — Just Another Hack Job — Dead on Arrival — Junk Journalism — Videos

Schiff demands access to Trump whistleblower complaint

Hannity: Media frenzy over unknown ‘promise’ to unknown foreign leader

mr. NSA Inspector General On Whistleblower And President Donald Trump | The Last Word | MSNBC

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Shields and Brooks on the whistleblower complaint, Saudi oil attack

Whistleblower complaint about President Trump involves Ukraine, according to two people familiar with the matter

September 19 at 8:04 PM

A whistleblower complaint about President Trump made by an intelligence official centers on Ukraine, according to two people familiar with the matter, which has set off a struggle between Congress and the executive branch.

The complaint involved communications with a foreign leader and a “promise” that Trump made, which was so alarming that a U.S. intelligence official who had worked at the White House went to the inspector general of the intelligence community, two former U.S. officials said.

Two and a half weeks before the complaint was filed, Trump spoke with Ukrainian President Volodymyr Zelensky, a comedian and political newcomer who was elected in a landslide in May.

That call is already under investigation by House Democrats who are examining whether Trump and his attorney Rudolph W. Giuliani sought to manipulate the Ukrainian government into helping Trump’s reelection campaign. Lawmakers have demanded a full transcript and a list of participants on the call.

A White House spokesperson declined to comment.

The Democrats’ investigation was launched earlier this month, before revelations that an intelligence official had lodged a complaint with the inspector general. The Washington Post first reported on Wednesday that the complaint had to do with a “promise” that Trump made when communicating with a foreign leader.

Rep. Adam B. Schiff (D-Calif.) on Sept. 19 said a whistleblower complaint to the intelligence community met the threshold requiring notification of Congress. (JM Rieger/The Washington Post)

On Thursday, the inspector general testified behind closed doors to members of the House Intelligence Committee about the whistleblower’s complaint.

Over the course of three hours, Michael Atkinson repeatedly declined to discuss with members the content of the complaint, saying he was not authorized to do so.

He and the members spent much of their time discussing the process Atkinson followed, the statute governing his investigation of the complaint and the nature of an “urgent concern” that he believed it represented, according to a person familiar with the briefing, who, like others, spoke on the condition of anonymity.

“He was being excruciatingly careful about the language he used,” the person said.

What is a whistleblower: How to be a journalist
Whistleblowers such as Daniel Ellsberg take personal risks to expose wrongdoing. (The Washington Post)

Atkinson made clear that he disagreed with a lawyer for the Office of the Director of National Intelligence, who had contradicted the inspector general and found that the whistleblower complaint did not meet the statutory definition of an urgent concern because it involved a matter not under the DNI’s jurisdiction.

Atkinson told the committee that the complaint did not stem from just one conversation, according to two people familiar with his testimony.

Following the meeting, Rep. Adam B. Schiff (D-Calif.), the chairman of the committee, warned of legal action if intelligence officials did not share the whistleblower complaint.

Schiff described acting director of national intelligence Joseph Maguire’s refusal to share the complaint with Congress as “unprecedented” and said he understood the Justice Department was involved in that decision.

“We cannot get an answer to the question about whether the White House is also involved in preventing this information from coming to Congress,” Schiff said, adding: “We’re determined to do everything we can to determine what this urgent concern is to make sure that the national security is protected.”

Trump has denied doing anything improper. In a tweet Thursday morning, the president wrote, “Virtually anytime I speak on the phone to a foreign leader, I understand that there may be many people listening from various U.S. agencies, not to mention those from the other country itself.

“Knowing all of this, is anybody dumb enough to believe that I would say something inappropriate with a foreign leader while on such a potentially ‘heavily populated’ call,” Trump wrote.

But Maguire prevented Atkinson from doing so, according to correspondence that has been made public. Atkinson wrote that he had requested permission from Maguire to inform the congressional intelligence committees about the general subject matter of the complaint, but was denied.

Maguire, Atkinson wrote, had consulted with the Justice Department, which determined that the law didn’t require disclosing the complaint to the committee because it didn’t involve a member of the intelligence community or “an intelligence activity under the DNI’s supervision.”

Maguire is scheduled to testify before the Intelligence Committee in a public session next Thursday.

In letters to the White House and State Department, top Democrats earlier this month demanded records related to what they say are Trump and Giuliani’s efforts “to coerce the Ukrainian government into pursuing two politically-motivated investigations under the guise of anti-corruption activity” — one to help Trump’s former campaign chairman Paul Manafort, who is in prison for illegal lobbying and financial fraud, and a second to target the son of former vice president Joe Biden, who is seeking the Democratic nomination to challenge Trump.

Lawmakers also became aware in August that the Trump administration may be trying to stop the aid from reaching Ukraine, according to a congressional official.

Giuliani dismissed the reports of the whistle blower and Trump’s “promise” to a foreign leader.

“I’m not even aware of the fact that he had such a phone call,” Giuliani said Thursday. “If I’m not worried about it, he’s not worried about it.”

The filing of the whistleblower complaint has led to what veterans of U.S. spy agencies described as an unprecedented situation with potentially grave consequences for the already troubled relationship between the president and the nation’s powerful intelligence community.

It remains unclear how the whistleblower gained access to details of the president’s calls — whether through “readouts” generated by White House aides or through other means.

Memos that serve as transcripts of such calls are created routinely. But if that is the source in this instance, it would appear to mean that White House aides made a formal record of comments by the president later deemed deeply troubling by the intelligence community’s chief watchdog.

John Wagner, Karoun Demirjian, Robert Costa and Josh Dawsey contributed reporting.

Story 3: Federal Reserve Injects Billions Into Economy As Business and Investors Demand for Money Increases — Videos

 

NY Fed to pump $75 bn into money markets daily through Oct 10

AFP
The New York Fed -- which handles the levers that control the flow of money in the system -- has for the past four days had to pump billions into money markets after bank demand for cash pushed interest rates above the Fed's target
The New York Fed — which handles the levers that control the flow of money in the system — has for the past four days had to pump billions into money markets after bank demand for cash pushed interest rates above the Fed’s target (AFP Photo/Delil SOULEIMAN)
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New York (AFP) – The New York Federal Reserve Bank said Friday it will inject billions into the US financial plumbing on a daily basis for the next three weeks in an effort to prevent a spike in short-term interest rates.

The Fed will offer up to $75 billion a day in repurchase agreements — exchanging secure assets for cash for very short periods — through October 10, it said in a statement.

In addition, it will offer three 14-day “repo” operations of at least $30 billion each.

Banks have struggled in recent days to find the cash needed to meet reserve requirements which has pushed up short-term borrowing rates, prompting the New York Fed to pump billions into US money markets with repo operations over the past four days.

However, in a sign a cash crunch could be easing, demand for liquidity on Friday did not significantly exceed the amount offered, as it had on two prior days.

After October 10, the New York Fed will “conduct operations as necessary to help maintain the federal funds rate in the target range, the amounts and timing of which have not yet been determined.”

Federal Reserve Chair Jerome Powell this week downplayed concerns about the money market’s cash crunch, saying it was not a sign of problems in the wider economy or a concern for monetary policy.

Economists say an array of conditions converged to dry up liquidity in the banking system — including quarterly corporate tax payments and a surge in government debt sold to investors, which drained cash out of banks.

Banks borrow regularly in markets for very short periods, usually overnight, to make sure their daily cash reserves do not fall below the required level. But interest rates increase with demand.

The New York Fed adds or removes liquidity to keep interest rates in line with the desired target, but the cash shortage in recent days prompted it to pump funds into the short-term repo market as rates soared and threatened to break out of the Fed’s target range.

The central bank cut benchmark lending rates interest rate on Wednesday, and also made some technical adjustments to try to keep the market rates from breaking out of the range, including cutting the interest it offers on bank reserves held at the Fed that are in excess of the minimum required level.

Story 4: Collectivist Climate Change Cult Child Abuser Alarmists — The Green New Steal — Videos

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First Global Climate Strike arrests in London as teachers encourage pupils to take to the streets and join mass protest inspired by eco-activist Greta Thunberg

  • The Metropolitan Police said two people had been arrested in the Strand as activists gathered across London
  • Schoolchildren joined the protests in Britain after they were urged to walk out of classes and lectures today
  • State schools urged pupils not to attend, while some private schools urged them to make their own decision
  • Labour leader Jeremy Corbyn and mayor Sadiq Khan have been among those to praise young demonstrators
  • Do you know any of the protesters taking part in today’s climate action? You can email tips@dailymail.co.uk

Police have moved in and made their first arrests as the largest worldwide climate protest in history arrived in London today with hundreds of thousands of Brits taking part in demonstrations across the country.

Activists, many of whom carried Extinction Rebellion flags and banners, have descended on the capital as the Global Strike 4 Climate Change movement kicked off in the UK to coincide with protests all over the planet.

The Metropolitan Police said two people had been arrested in the Strand for breaching conditions imposed on the protesters which dictate they must gather in a specific place in Westminster, central London.

Schoolchildren, many of them dressed in their uniforms, joined in on more than 200 different climate events in Britain after they were urged to walk out of classes and lectures today.

Politicians have been split on whether or not pupils should be skipping lessons to attend the climate protests, with Labour leader Jeremy Corbyn and mayor Sadiq Khan among those to commend young demonstrators.

Mr Corbyn addressed a rally of climate strikers outside Parliament and praised those who had missed lessons to attend, adding: ‘Thank you for being here to teach me and everyone else a lesson about the environment.’

State school leaders have urged youngsters not to take part, saying they understand the strength of feeling around the issue, but have concerns about pupil welfare.

But Suzie Longstaff, headmistress of the £18,900-a-year private Putney High School in south-west London, said that young people should be able to make their own decisions about whether to take part in today’s action.

Scroll down for video 

A protester is arrested by police officers stationed outside outside King's College London as mass demonstrations hit the UK this morning

A protester is arrested by police officers stationed outside outside King’s College London as mass demonstrations hit the UK this morning

A protester is led away by police in handcuffs

An Extinction Rebellion protester is shown outside King's College London

A protester is led away by police in handcuffs this morning (shown left), while an Extinction Rebellion activist is shown waving a XR flag outside King’s College London

Two protesters are placed in handcuffs outside King's College London near the Strand as mass demonstrations kicked off in the capital today

Two protesters are placed in handcuffs outside King’s College London near the Strand as mass demonstrations kicked off in the capital today

Schoolchildren protest with banners outside parliament in London after youngsters were urged to skip lessons in order to take part in demonstrations

Schoolchildren protest with banners outside parliament in London after youngsters were urged to skip lessons in order to take part in demonstrations

Youngsters take part in today's climate change demonstrations after thousands skipped lessons and lectures this morning

Youngsters take part in today’s climate change demonstrations after thousands skipped lessons and lectures this morning

Thousands of protesters gather near the Houses of Parliament for today's climate change demonstration, where Labour leader Jeremy Corbyn will speak later this afternoon

Thousands of protesters gather near the Houses of Parliament for today’s climate change demonstration, where Labour leader Jeremy Corbyn will speak later this afternoon

Police officers carry a protester away in the Strand after issuing section 14 notices amid mass-scale demonstrations in London today

Police officers carry a protester away in the Strand after issuing section 14 notices amid mass-scale demonstrations in London today

An aerial shot from Central London shows thousands of protesters gathering during one of more 200 events across the UK this afternoon

An aerial shot from Central London shows thousands of protesters gathering during one of more 200 events across the UK this afternoon

Scottish  comedian Billy Connolly was among those to lend his support to protesters marching in Glasgow this afternoon

Scottish  comedian Billy Connolly was among those to lend his support to protesters marching in Glasgow this afternoon

Labour leader Jeremy Corbyn tweeted an image from the protest in London and is due to address a rally of climate strikers outside Parliament, while dozens of other mass-scale events are being held up and down the country

Labour leader Jeremy Corbyn tweeted an image from the protest in London and is due to address a rally of climate strikers outside Parliament, while dozens of other mass-scale events are being held up and down the country

Students carrying Extinction Rebellion banners and flags are shown marching through the streets outsude the Houses of Parliament

Students carrying Extinction Rebellion banners and flags are shown marching through the streets outsude the Houses of Parliament

Police officers form a cordon outside Parliament Square, as demonstrators were asked to protest in specified areas

Police officers form a cordon outside Parliament Square, as demonstrators were asked to protest in specified areas

A young child looks out at the masses of people who gathered in central London today for the what is expected to be the world's largest ever join climate change demonstration

A young child looks out at the masses of people who gathered in central London today for the what is expected to be the world’s largest ever join climate change demonstration

Rolling Stones singer Mick Jagger was among those to give their support to those taking part in the Global Climate Strike

Rolling Stones singer Mick Jagger was among those to give their support to those taking part in the Global Climate Strike

The Global Strike For Climate in London is being held only days ahead of the scheduled United Nations Climate Change Summit in New York

The Global Strike For Climate in London is being held only days ahead of the scheduled United Nations Climate Change Summit in New York

Hundreds of protesters hold a 'die-in' at the UK Student Climate Network's Global Climate Strike in Cambridge this afternoon

Hundreds of protesters hold a ‘die-in’ at the UK Student Climate Network’s Global Climate Strike in Cambridge this afternoon

But Ms Longstaff said: ‘Every day we are educating the young people of the future to speak out and make their own decisions.

‘We are trying to provide a modern and relevant education which includes connecting to topics that they feel passionate about. We can’t pick and choose what those are.

‘I’m proud that Putney students have both a social and environmental conscience and I applaud them. Those who feel strongly about protesting will be there.’

Sylvie Craig, 11, and her friend Eva De Pear, 12, both of Shepherds Bush in west London, took the day off school and brought their mothers to the demonstration.

Sylvie said: ‘Climate change is really important. We can’t just talk about it, we have to do something about it ‘

Her mother Bay Garnett, a fashion director, said: ‘I am here for my children and all children. I think every mother feels the same. They need a healthy planet to live on.’

Eva skipped her biology lesson on Friday, saying that going to it made ‘no sense’ because ‘the planet is in real big trouble’. She said: ‘I am here to teach people a lesson instead of learning a lesson.’

Her mother Leila Amanpour said: ‘I feel that unless we come out into the streets, especially the children, the Government is not going to do anything about climate change.’

Thousands of protesters, including hundreds of children, many wearing school uniform, gathered in Birmingham’s Victoria Square before marching through nearby streets.

Meanwhile, West Mercia Police advised drivers to find alternatives routes after around 40 Extinction Rebellion members intermittently blocked traffic in Worcester.

Tweeting a photo from a climate strike in London, Mr Corbyn said: ‘Young people here and across the world are making it impossible to ignore the environment and climate emergency.

‘This is the wonderful youth Climate Strike in my constituency; now I’m on my way to the main London demonstration.’

Liberal Democrat leader Jo Swinson tweeted: ‘Great to see so many people the Glasgow Youth Climate March, all raising awareness of the climate crisis.

‘We demand immediate, strong action to stop irreversible damage. We must protect both our planet and future generations.’

Protesters gather ahead of the UK Student Climate Network's Global Climate Strike at Millbank in London today

Protesters gather ahead of the UK Student Climate Network’s Global Climate Strike at Millbank in London today

Young climate strikers across the country (pictured here in Millbank, London this morning) are taking to the streets as part of a global protest to demand urgent action to tackle climate change

Young climate strikers across the country (pictured here in Millbank, London this morning) are taking to the streets as part of a global protest to demand urgent action to tackle climate change

Protesters hold banners as they attend the Global Climate Strike taking place outside the Houses of Parliament this morning

Protesters hold banners as they attend the Global Climate Strike taking place outside the Houses of Parliament this morning

A sign posted on the outside of the Ben and Jerry's store in Wardour Street, London, shows the firm's support of the climate strikes today

A sign posted on the outside of the Ben and Jerry’s store in Wardour Street, London, shows the firm’s support of the climate strikes today

London joins in global Climate change strikes call for action
Workers joined thousands of schoolchildren in taking part in the mass-scale demonstrations in London today (pictured in Westminster)

Workers joined thousands of schoolchildren in taking part in the mass-scale demonstrations in London today (pictured in Westminster)

Medical professionals were shown marching near Westminster holding up banners and homemade signs declaring their support of climate intervention

Medical professionals were shown marching near Westminster holding up banners and homemade signs declaring their support of climate intervention

State school leaders have urged youngsters not to take part, saying they understand the strength of feeling around the issue, but have concerns about pupil welfare

State school leaders have urged youngsters not to take part, saying they understand the strength of feeling around the issue, but have concerns about pupil welfare

Students hold placards as they attend a climate change demonstration in London this morning (pictured on the lawns outside the Houses of Parliament)

Students hold placards as they attend a climate change demonstration in London this morning (pictured on the lawns outside the Houses of Parliament)

Hundreds demonstrate in Bristol in global climate change strike

London Mayor Mr Khan called on the Government to ‘step up’ action on climate change, adding: ‘I am standing in solidarity with all those who are taking part in the Global Climate Strike.

‘Here in London, City Hall staff have also been encouraged to observe the strike by taking time out of their day to send a message to the world that London demands more ambitious climate actions from governments.’

However business, energy and clean growth minister Kwasi Kwarteng said he could not endorse children leaving school to take part in the protests, which have been inspired by teenage eco-activist Greta Thunberg.

He told BBC Breakfast on Friday that he supports the ‘energy and creativity’ of students, but said time spent in school is ‘incredibly important’.

Jessica Ahmed, 16, who is studying for an International Baccalaureate had emailed her school to warn that she would be walking out on Friday.

Speaking at a protest in Westminster, Miss Ahmed of Barnet, north London, said: ‘There are no excuses in this. School is important but so is my future.

‘If politicians were taking the appropriate action we need and had been taking this action a long time ago when it was recognised the world was changing in a negative way, then I would not have to be skipping school.

‘I would be doing the maths exam I have studied for.

She called on the Government to acknowledge the severity of the climate crisis and for youth to be included in policy-making, adding ‘With so many people striking, surely Government have got to take notice?’

Slogans such as ‘if you breath air you should care’, ‘us snowflakes are melting’, ‘learn to change or learn to swim’, and ‘don’t be a fossil fool’, were among the homemade banners held aloft in the crowd.

Politicians have been split on whether or not children should be skipping lessons to attend the climate protests, with Labour leader Jeremy Corbyn and mayor Sadiq Khan among those to praise young demonstrators

Politicians have been split on whether or not children should be skipping lessons to attend the climate protests, with Labour leader Jeremy Corbyn and mayor Sadiq Khan among those to praise young demonstrators

Students carrying Extinction Rebellion banners and flags are shown marching through Parliament Square in central London this afternoon

Students carrying Extinction Rebellion banners and flags are shown marching through Parliament Square in central London this afternoon

The protests in central London today are part of a snowballing movement sparked by teenage activist Greta Thunberg's school strikes outside the Swedish parliament

The protests in central London today are part of a snowballing movement sparked by teenage activist Greta Thunberg’s school strikes outside the Swedish parliament

Politicians have been split on whether or not students should be skipping lectures to attend the climate protests, with Labour leader Jeremy Corbyn and mayor Sadiq Khan among those to praise young demonstrators

As protests got under way across the UK, the Metropolitan Police said two adults had been arrested on The Strand in central London - where XR Universities, an Extinction Rebellion group are holding a protest (pictured)

As protests got under way across the UK, the Metropolitan Police said two adults had been arrested on The Strand in central London – where XR Universities, an Extinction Rebellion group are holding a protest (pictured)

In Belfast, hundreds of young people took over the Corn Market area of the city centre, where they staged a colourful protest, with speeches and chants, before lying on the ground to participate in a mass ‘die-in’.

John Sauven, executive director of Greenpeace UK, said the school strikers have shown that people power could move governments.

He said: ‘The rest of us now need to step up and stand with the children demanding radical, systemic change, before it’s too late.’

Metropolitan Police announced it had made a couple of arrests relating to protests this morning, adding in a tweet: ‘Two adults have been arrested in the Strand for breach of the S14 conditions.

‘We would ask everyone attending #ClimateStrike please attend Millbank, where in conjunction with the organisers we have created a safe space for protest.’

Missing a day of school for climate protest will hit your child’s exam chances, says UK’s schools minister

British schools minister Nick Gibb said the Government ‘shares young people’s passion’ for tackling climate change, but said children should not miss school to protest.

Speaking on BBC Radio 4’s Today programme, he said schools need to record the absences.

He said: ‘We share the passion, as a Government, of young people for tackling climate change, and that is why this Government and this country is committed to reaching net zero greenhouse gasses by 2050.’

He added: ‘We don’t think it should be at the expense of a child’s education because what we want is for the next generation to be as well educated as possible to tackle these kinds of problems, and you don’t do that by missing out on an education.’

He said even missing out on one day of school can affect GCSE results.

The ‘Global Strike 4 Climate Change‘ rally started in Sydney this morning where Thor star Chris Hemsworth and his young daughter India joined 50,000 in a rally that saw some violent clashes between police and protesters.

Throughout the day the movement is spreading west across the world to most of the planet’s biggest cities including Hong Kong, Bangkok, Delhi, London and New York.

But in China – the world’s most polluting nation – President Xi’s government has banned the movement from protesting in its cities.

In New York, the city’s Department of Education says all its 1.1million schoolchildren can skip class to participate in the strike if they had parental consent – without any fear of punishment.

Miss Thunberg, who has been nominated for a Nobel prize for her climate activism, will spearhead a rally at the United Nations headquarters in the city later.

As the sea of people made their way through the city, some school students on scooters could be seen heading in the opposite direction, while there was some fighting between protesters and police.

Others could be seen scribbling their signs on old pieces of cardboard on the footpath as they waited for the event to begin.’.

Britons joining the climate strikes can expect a day of unseasonably warm weather on Friday as they call on businesses and politicians to cut emissions.

Children and young people are preparing to walk out of lessons and lectures, with hundreds of thousands of workers expected to join them.

The protests are part of a snowballing movement sparked by teenage activist Greta Thunberg’s school strikes outside the Swedish parliament.

It comes ahead of a climate action summit in New York convened by UN secretary general Antonio Guterres to urge countries to up their climate efforts.

Much steeper measures are needed across the globe to prevent temperature rises of more than 1.5C (2.7F) or 2C (3.6F) to avoid the worst impacts of climate change.

Sydney: A protester clashes with police during the climate rally in the Australian city on Friday before he was arrested and removed from the area

Sydney: A protester clashes with police during the climate rally in the Australian city on Friday before he was arrested and removed from the area

Sydney: Children chanting for change march through Australia's largest city today as the 'Global Strike 4 Climate Change' began

Sydney: Children chanting for change march through Australia’s largest city today as the ‘Global Strike 4 Climate Change’ began

Climate demonstrators shut down Sydney streets
In Australia today 300,000 people have taken part including more than 50,000 people in Sydney with Thor star Chris Hemsworth and his young daughter India (pictured) among those who flooded the streets

50,000 people in Sydney flooded the streets

Sydney: In Australia today 300,000 people have taken part including more than 50,000 people in Sydney with Thor star Chris Hemsworth and his young daughter India among those who flooded the streets

Canberra: A baby takes part in the The Global Strike 4 Climate rally with his parents displaying a warning about the extinction of animals in his car seat

Canberra: A baby takes part in the The Global Strike 4 Climate rally with his parents displaying a warning about the extinction of animals in his car seat

Marovo Island, Solomon Islands: Students in traditional dress gathered on the South Pacific Ocean took part in a march along the beach

Marovo Island, Solomon Islands: Students in traditional dress gathered on the South Pacific Ocean took part in a march along the beach

Bangkok: Marchers in Thailand decided to block the roads outside the Ministry of Natural Resources and Environment as they demanded action

Bangkok: Marchers in Thailand decided to block the roads outside the Ministry of Natural Resources and Environment as they demanded action

Indonesia: Youths walk with signs through the main road during a Global Climate Strike rally as smog covers the city due to the forest fires in Palangka Raya, Central Kalimantan province

Indonesia: Youths walk with signs through the main road during a Global Climate Strike rally as smog covers the city due to the forest fires in Palangka Raya, Central Kalimantan province

As if to underline the urgency of the issues, the mercury is set to hit 26C (78.8F) this weekend – 8C(46.4F) above average for the time of year.

Mayor of London Sadiq Khan said: ‘It is unbelievable that we should need global strike action for the future of our planet to be taken seriously.

‘The stark reality is that our climate is changing rapidly and we are running out of time to address it.’

He promised strikers his full support, adding that City Hall had been invited to observe the strike themselves.

‘I hope governments around the world who are failing to take action hear the voices of millions of people, young and old, unified in their call for action to save our planet. Our future depends on it,’ he said.

Labour leader Jeremy Corbyn is due to address a rally of climate strikers outside Parliament on Friday, while other events are being held up and down the country.

The UK Student Climate Network (UKSCN) says more than 200 events are taking place across the UK, with – for the first time – adults being encouraged to join the youngsters as they strike.

UKSCN is calling on politicians to bring in a ‘Green New Deal’ to cut the UK’s emissions to zero and improve lives, changes to education to equip youngsters to deal with the climate crisis and votes at 16 to give them a voice.

Bali: People display placards during a rally as part of a global climate change campaign at Sanur beach on Indonesia's resort island

Bali: People display placards during a rally as part of a global climate change campaign at Sanur beach on Indonesia’s resort island

Dhaka: Bangladeshi students join the protest and claim world leaders are 'acting like children' over climate change

Dhaka: Bangladeshi students join the protest and claim world leaders are ‘acting like children’ over climate change

Berlin: Activists chose to cycle to block traffic at Ernst-Reuter-Platz square as they take part in the Global Climate Strike

Berlin: Activists chose to cycle to block traffic at Ernst-Reuter-Platz square as they take part in the Global Climate Strike

Brisbane: Millions of people from across the globe are expected to walk out of work and school as part of 'Strike 4 Climate Action' which will be held in 150 countries on September 20

Brisbane: Millions of people from across the globe are expected to walk out of work and school as part of ‘Strike 4 Climate Action’ which will be held in 150 countries on September 20

Sydney: Two young girls climb a pole as thousands gathered in the centre of the city as part of global mass day of action

Sydney: Two young girls climb a pole as thousands gathered in the centre of the city as part of global mass day of action

Sydney: A man clashes with police during the climate rally in Sydney on Friday. He was arrested and removed from the area

Sydney: A man clashes with police during the climate rally in Sydney on Friday. He was arrested and removed from the area

Sydney: Parents took their children out of school to take part in the protest. However, acting Prime Minister Michael McCormack said students should be in school as it was 'just a disruption'

Sydney: Parents took their children out of school to take part in the protest. However, acting Prime Minister Michael McCormack said students should be in school as it was ‘just a disruption’

Among the many trade unions throwing their weight behind the strikes are the TUC Congress, the University and College Union and Unite.

Some businesses are actively supporting their workers to take action, with outdoor clothing company Patagonia closing stores and offices globally, and taking out adverts to support the strikers.

The Co-operative Bank has also teamed up with Unite to support its workforce to take part in the climate strikes around the country.

Worldwide, there are more than 4,600 events in 139 countries taking place as part of the Fridays for Future movement between Friday September 20 and 27, and campaign group 350.org says more than 70 unions, 500 organisations and 1,000 companies have come out in support of the strikes.

Muna Suleiman, Friends of the Earth campaigner, said most people wanted to fix the climate crisis but politicians needed to act.

She said: ‘Right when we need our leaders to step up, they continue to let us down.

‘From filling the skies with more planes, to backing fracking in the UK and funding oil and gas projects abroad.

‘That’s why we’re standing shoulder to shoulder with young people to call on our politicians to deliver emergency climate action now. And we’re asking everyone to join us.’

Sydney: The Global Strike 4 Climate will on Friday take place in 110 towns and cities across Australia, with organisers demanding government and business commit to a target of net zero carbon emissions by 2030

Sydney: The Global Strike 4 Climate will on Friday take place in 110 towns and cities across Australia, with organisers demanding government and business commit to a target of net zero carbon emissions by 2030

Sydney: More than 50,000 people flooded Sydney's streets as they made their way to the Domain to take part in the demonstration calling for governments and businesses to commit to a target of net zero carbon emissions by 2030

Sydney: More than 50,000 people flooded Sydney’s streets as they made their way to the Domain to take part in the demonstration calling for governments and businesses to commit to a target of net zero carbon emissions by 2030

'Can't eat money, can't drink money': Protesters take to the streets in Sydney as part of the rally which happened across the globe on Friday

‘Can’t eat money, can’t drink money’: Protesters take to the streets in Sydney as part of the rally which happened across the globe on Friday

Climate change protestors are seen crossing the Victoria Bridge during the Global Strike 4 Climate rally in Brisbane

Large crowds gather during the The Global Strike 4 Climate rally Melbourne,

Brisbane (left) and Melbourne (right): More than 300,000 Australians have chosen to take part in the Global Strike 4 Climate

In Australia there were hundreds of young people proving their dedication to the cause as they carried artistic placards they had made the night before, which read: 'Time is almost up' and 'There is no Planet B'

In Australia there were hundreds of young people proving their dedication to the cause as they carried artistic placards they had made the night before, which read: ‘Time is almost up’ and ‘There is no Planet B’

Sydney: A young girl sits on a man's shoulders during the Sydney protest on Friday. She held a sign which read: 'There is no planet B'

Sydney: A young girl sits on a man’s shoulders during the Sydney protest on Friday. She held a sign which read: ‘There is no planet B’

Sydney: Children allowed out of school chant and throw their arms in the air during the world's biggest planned climate protests

Sydney: Children allowed out of school chant and throw their arms in the air during the world’s biggest planned climate protests

Sydney: Thousands of protesters turned out for the climate strike on Friday. This woman wore green and wrapped a vine around her neck for the cause

Sydney: Thousands of protesters turned out for the climate strike on Friday. This woman wore green and wrapped a vine around her neck for the cause

Bangkok: Thai people protest in front of the Ministry of Natural Resources and Environment

Bangkok: Thai people protest in front of the Ministry of Natural Resources and Environment

Bangkok: Children with megaphones demand their politicians make changes to protect the future of the planet

https://www.dailymail.co.uk/news/article-7485615/First-Global-Climate-Strike-arrests-London-teachers-encourage-pupils-streets.html

 

Nolte: Climate ‘Experts’ Are 0-41 with Their Doomsday Predictions

 

For more than 50 years Climate Alarmists in the scientific community and environmental movement have not gotten even one prediction correct, but they do have a perfect record of getting 41 predictions wrong.

In other words, on at least 41 occasions, these so-called experts have predicted some terrible environmental catastrophe was imminent … and it never happened.

And not once — not even once! — have these alarmists had one of their predictions come true.

Think about that… the so-called experts are 0-41 with their predictions, but those of us who are skeptical of “expert” prediction number 42, the one that says that if we don’t immediately convert to socialism and allow Alexandria Ocasio-Crazy to control and organize our lives, the planet will become uninhabitable.

Why would any sane person listen to someone with a 0-41 record?

Why would we completely restructure our economy and sacrifice our personal freedom for “experts” who are 0-41, who have never once gotten it right?

If you had an investment counselor who steered you wrong 41times, would you hang in there for number 42?

Of course not. You’d fire him after failed prediction two or three.

And if that’s not crazy enough, the latest ploy is to trot out a 16-year-old girt to spread prediction number 42, because it is so much more credible that way.

Sometimes you just have to sit back and laugh.

Anyway, I want you to have the data, so go ahead and print this out in advance of Thanksgiving dinner with your obnoxious Millennial nephew.

LIST OF DOOMSDAY PREDICTIONS CLIMATE ALARMIST GOT RIGHT

NONE.

ZIP.

ZERO.

NADA.

BLANK

DONUT HOLE

NIL.

NOTHING.

VOID.

ZILCH.

LIST OF DOOMSDAY PREDICTIONS THE CLIMATE ALARMIST GOT WRONG

Here is the source for numbers 1-27. As you will see, the individual sources are not crackpots, but scientific studies and media reports on “expert” predictions. The sources for numbers 28-41 are linked individually.

  1. 1967: Dire Famine Forecast By 1975
  2. 1969: Everyone Will Disappear In a Cloud Of Blue Steam By 1989 (1969)
  3. 1970: Ice Age By 2000
  4. 1970: America Subject to Water Rationing By 1974 and Food Rationing By 1980
  5. 1971: New Ice Age Coming By 2020 or 2030
  6. 1972: New Ice Age By 2070
  7. 1974: Space Satellites Show New Ice Age Coming Fast
  8. 1974: Another Ice Age?
  9. 1974: Ozone Depletion a ‘Great Peril to Life
  10. 1976: Scientific Consensus Planet Cooling, Famines imminent
  11. 1980: Acid Rain Kills Life In Lakes
  12. 1978: No End in Sight to 30-Year Cooling Trend
  13. 1988: Regional Droughts (that never happened) in 1990s
  14. 1988: Temperatures in DC Will Hit Record Highs
  15. 1988: Maldive Islands will Be Underwater by 2018 (they’re not)
  16. 1989: Rising Sea Levels will Obliterate Nations if Nothing Done by 2000
  17. 1989: New York City’s West Side Highway Underwater by 2019 (it’s not)
  18. 2000: Children Won’t Know what Snow Is
  19. 2002: Famine In 10 Years If We Don’t Give Up Eating Fish, Meat, and Dairy
  20. 2004: Britain will Be Siberia by 2024
  21. 2008: Arctic will Be Ice Free by 2018
  22. 2008: Climate Genius Al Gore Predicts Ice-Free Arctic by 2013
  23. 2009: Climate Genius Prince Charles Says we Have 96 Months to Save World
  24. 2009: UK Prime Minister Says 50 Days to ‘Save The Planet From Catastrophe’
  25. 2009: Climate Genius Al Gore Moves 2013 Prediction of Ice-Free Arctic to 2014
  26. 2013: Arctic Ice-Free by 2015
  27. 2014: Only 500 Days Before ‘Climate Chaos’
  28. 1968: Overpopulation Will Spread Worldwide
  29. 1970: World Will Use Up All its Natural Resources
  30. 1966: Oil Gone in Ten Years
  31. 1972: Oil Depleted in 20 Years
  32. 1977: Department of Energy Says Oil will Peak in 90s
  33. 1980: Peak Oil In 2000
  34. 1996: Peak Oil in 2020
  35. 2002: Peak Oil in 2010
  36. 2006: Super Hurricanes!
  37. 2005 : Manhattan Underwater by 2015
  38. 1970: Urban Citizens Will Require Gas Masks by 1985
  39. 1970: Nitrogen buildup Will Make All Land Unusable
  40. 1970: Decaying Pollution Will Kill all the Fish
  41. 1970s: Killer Bees!

Sorry, Experts… Sorry, Scientific Consensus… Only a fool comes running for the 42nd cry of wolf.

Don’t litter, be kind to animals, recycling’s for suckers (it’s all going to end up in the ground eventually), so stop feeling guilty… Go out there and embrace all the bounty that comes with being a 21st century American — you know, like Obama, who says he believes in Global Warming with his mouth but proves he doesn’t with the $15 million he just spent on oceanfront that we’re told is doomed to flooding

https://www.breitbart.com/environment/2019/09/20/nolte-climate-experts-are-0-41-with-their-doomsday-predictions/

Corporate America Has Found a Way to Turn a Profit Off Being Green

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(Bloomberg) — It’s time to stop crediting corporate sustainability efforts as acts of altruism. For big business, protecting the environment often means padding the bottom line.

Nike Inc. has come up with a way to weave more efficiently, reducing the raw material and labor time needed to make each shoe. That has kept more than 3.5 million pounds of waste from reaching landfills since 2012. But the good news doesn’t stop with the environmental impact. The company is spending less on transportation, materials and waste disposal.

The shoemaker’s “more environmentally conscious product has been a source of cost savings,” said James Duffy, an analyst at Stifel.

Those flimsy plastic water bottles sold by Nestle SA? The ultra-thin design has a smaller impact on the environment while pushing down costs associated with packaging and shipping. Amazon.com Inc. and Walmart Inc. have poured tens of millions of dollars into a fund that builds out recycling infrastructure, reducing landfill tipping fees and recovering material that could be sold as new products.

Tech giants have spent billions of dollars on solar and wind power, cutting greenhouse-gas emissions and energy expenditures at the same time. Alphabet Inc.’s Google, Amazon and Facebook Inc. are now some of the largest buyers of green power in America.

Turns out it’s not just easy being green—it’s also profitable.

“We’ve moved past this concept that business versus the environment is a tradeoff,” said Tom Murray, who advises companies on reducing emissions at Environmental Defense Fund, including Walmart, McDonald’s Corp. and Procter & Gamble Co. “The business benefits were always there, but more and more companies are going after them.”

The business case for going green has never been stronger as companies find ways to make more from less. Here’s a look at the ways corporate sustainability is making environmentalism pay.

Lightweight Flights Cost Less

United Airlines Holdings Inc. has been making its planes lighter, driving down fuel use and costs. Airlines account for almost 2% global carbon emissions. Not even the in-flight magazine has been spared in the search for unnecessary heft: changing to a lighter paper stock saved almost $300,000 per year on fuel. United redesigned airplane bathrooms, switched out beverage carts and ended duty-free sales. The company was also working on reducing its cabin waste to zero.

What it pays: United has saved more than $2 billion on fuel so far.

Hanging Hotel Towels Saves More Than Water

It turns out that simply asking guests to hang up towels to dry and forego daily sheet changes can save hotel operators 25% off annual energy costs. “To some surprise within the hotel industry, this option was quickly embraced by hotel guests as a small way to engage in energy conservation,” according to a report by the Urban Land Institute. Clarion Partners LLC does that at all of its hotels and went a step further by reducing flows through toilets, faucets and showerheads.

What it pays: Cutting water use saves Clarion hotels about $17,250 per year.

Idle Trucks, Real Money

Walmart runs one of the biggest trucking fleets in the U.S. That means scores of semis standing in traffic at any given time. At that scale, the introduction of technology that reduces energy use when trucks or idling and software that creates more efficient routes can improve fuel efficiency by 90%, reducing carbon dioxide emissions.

What it pays: Diesel averages almost $3 a gallon in the U.S.

Tech’s Green Power Payoff

Google, Facebook and Amazon are among the largest energy consumers in the U.S., and a lot of that power is now emission-free. Each company committed to getting 100% of their power for their data centers from renewable resources such as wind and solar. Exxon Mobil signed up to energize its operations in Texas with solar and wind energy starting next year, which would place the oil producer among the top 10 buyers.

What it pays: With renewables now cheaper than fossil fuels, these green energy commitments shave an estimated 10% off tech giants’ gargantuan utility bills.

Paperless Bathrooms Are Cheaper

Restaurants, movie theaters and others have been making the switch from paper towels to hand dryers in their restrooms for years. Dryers have become the norm because of the savings on the cost of paper towels and the expense of sending garbage to the landfill. Soldier Field, home of the Chicago Bears, made the switch and cut carbon emissions by 76% per use.

https://finance.yahoo.com/news/big-business-turns-profit-environmentalism-100018045.html

Patrick Michaels

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Patrick J. Michaels
Patrick Michaels by Gage Skidmore.jpg

Michaels in 2016
Born February 15, 1950 (age 69)

Residence United States
Nationality American
Alma mater University of Chicago,
University of Wisconsin–Madison
Known for Work on global warming
Scientific career
Fields ClimatologyEcology
Institutions University of Wisconsin–Madison,
University of Virginia,
Cato Institute
Thesis Atmospheric anomalies and crop yields in North America (1979)
Website Patrick J. Michaels, Cato Institute

Patrick J. (“Pat“) Michaels (born February 15, 1950) is an American climatologist. Michaels was a senior fellow in environmental studies at the Cato Institute until Spring 2019. Until 2007 he was research professor of environmental sciences at the University of Virginia, where he had worked from 1980.[2][3][4]

A self-described skeptic on the issue of global warming, he is a past president of the American Association of State Climatologists. He has written a number of books and papers on climate change, including Sound and Fury: The Science and Politics of Global Warming (1992), The Satanic Gases (2000), and Meltdown: The Predictable Distortion of Global Warming by Scientists, Politicians, and the Media (2004). He’s also the co-author of Climate of Extremes: Global Warming Science They Don’t Want You to Know (2009).[2] Michaels’ viewpoint, as argued in a 2002 article in the journal Climate Research, is that the planet will see “a warming range of 1.3–3.0°C, with a central value of 1.9°C” for the 1990 to 2100 period (a value far smaller than the IPCC’s average predictions).[5]

Contents

Education

Patrick Michaels obtained an A.B. in biological science in 1971 and an S.M. in biology in 1975 from the University of Chicago, and in 1979 obtained his Ph.D. in ecological climatology from the University of Wisconsin–Madison.[6] His doctoral thesis was titled Atmospheric anomalies and crop yields in North America.[7]

Views on climate change

Michaels has said that he does not contest the basic scientific principles behind greenhouse warming and acknowledges that the global mean temperature has increased in recent decades.[8] He is quoted as being skeptical of global warming,[citation needed][9] and is described by Michael E. Mann as a “prominent climate change contrarian.”[10] He contends that the changes will be minor, not catastrophic, and may even be beneficial.[11]

He has written extensive editorials on this topic for the mass media, and for think tanks and their publications such as Regulation. He stated in 2000:[11]

[S]cientists know quite precisely how much the planet will warm in the foreseeable future, a modest three-quarters of a degree (C) [in 50 years]

All this has to do with basic physics, which isn’t real hard to understand. It has been known since 1872 that as we emit more and more carbon dioxide into our atmosphere, each increment results in less and less warming. In other words, the first changes produce the most warming, and subsequent ones produce a bit less, and so on. But we also assume carbon dioxide continues to go into the atmosphere at an ever-increasing rate. In other words, the increase from year-to-year isn’t constant, but itself is increasing. The effect of increasing the rate of carbon dioxide emissions, coupled with the fact that more and more carbon dioxide produces less and less warming compels our climate projections for the future warming to be pretty much a straight line. Translation: Once human beings start to warm the climate, they do so at a constant rate.[12]

Michaels has stated in the Wall Street Journal:

Why is the news on global warming always bad? Perhaps because there’s little incentive to look at things the other way. If you do, you’re liable to be pilloried by your colleagues. If global warming isn’t such a threat, who needs all that funding?[13]

A 2002 article published in the journal Climate Research by Michaels and three other scholars has predicted “a warming range of 1.3–3.0°C, with a central value of 1.9°C” over the 1990 to 2100 period, although he remarked that the “temperature range and central values determined in our study may be too great.” He made the argument that the climate feedback system involving current warming trends was weaker than generally asserted, coming to a conclusion that set his views apart from that of the IPCC’s estimates.[5]

In 2009, Michaels authored a Cato report arguing that “Congress should pass no legislation restricting emissions of carbon dioxide, repeal current ethanol mandates, and inform the public about how little climate change would be prevented by proposed legislation.” [14]

In 2018, Michaels asserted on Fox News, “probably about half, maybe half of that nine-tenths of the degree [of total warming] might be caused by greenhouse gases.” Climate Feedback, a fact-checking website for media coverage on climate change, wrote of Michaels’ assertion, “no evidence or research is provided to support this claim, which contradicts the published scientific literature.”[15]

Advocacy

Expert witness for Western Fuels Association

In May 1994 Richard Lindzen, Michaels, and Robert Balling served as expert witnesses on behalf of Western Fuels Association in St. Paul, Minnesota to determine the environmental cost of coal burning by state power plants.[16] Western Fuels Association is a consortium of coal producers that uses collective advocacy to represent industry interests.[17]

1998: Michaels and Balling complaint against Star Tribune upheld

In May 1997 Ross Gelbspan made a presentation in Minneapolis discussing his concerns, documented in his 1997 book The Heat is On, that some climatologists were involved in a “disinformation campaign” to counter the scientific consensus on global warming. The Minnesota Star Tribune ran an editorial praising this as a public service exposing undue credit given to the “unsubsantiated opinions” of a handful of contrarian scientists, and naming Michaels and his colleague Robert Balling as skeptics whose views had been examined and dismissed by numerous other scientists. Michaels and Balling took a complaint against the Star Tribune to the Minnesota News Council, and at a hearing in April 1998 by a 9–4 decision the council “voted to sustain the complaint that the Star Tribune editorial unfairly characterized the scientific reputations of Patrick Michaels and Robert Balling.”[18]

World Climate Report, Greening Earth Society, and Western Fuels Association

The World Climate Report, a newsletter edited by Michaels was first published by the Greening Earth Society. The society was a public relations organization associated with the Western Fuels Association (WFA), an association of coal-burning utility companies.[19][20][21]It has been called a “front group created by the coal industry”[22] and an “industry front”.[23] Fred Palmer, a society staffer, is a registered lobbyist for Peabody Energy, a coal company.[24] WFA founded the group in 1997, according to an archived version of its website, “as a vehicle for advocacy on climate change, the environmental impact of CO2, and fossil fuel use.”[25]

2003 John Holdren

Office of Science and Technology Policy director, John Holdren,[26] told the U.S. Senate Republican Policy Committee in June 2003, “Michaels is another of the handful of U.S. climate-change contrarians … He has published little if anything of distinction in the professional literature, being noted rather for his shrill op-ed pieces and indiscriminate denunciations of virtually every finding of mainstream climate science.”[27] In 2009 Michaels responded in a Washington Examiner Op-Ed, saying that the IPCC had subverted the peer review process, and adding the IPCC had “left out plenty of peer-reviewed science that it found inconveniently disagreeable.”[28]

International Intergovernmental Panel on Climate Change (IPCC) Working Group in 2007

Michaels was one of hundreds of US reviewers composing the International Intergovernmental Panel on Climate Change (IPCC) Working Group in 2007.

Although the Greening Earth Society was generally skeptical of the impact of climate change, it acknowledged some degree of global warming as real: “Fact #1. The rate of global warming during the past several decades has been about 0.18°C per decade”.[29] Note that the actual increase in the global surface temperature during the 100 years ending in 2005 was 0.74 ± 0.18 °C.[30]

Climate scientist Tom Wigley,[31] a lead author of parts of the report of the Intergovernmental Panel on Climate Change, has stated that “Michaels’ statements on the subject of computer models are a catalog of misrepresentation and misinterpretation … Many of the supposedly factual statements made in Michaels’ testimony are either inaccurate or are seriously misleading.”[32]

Climate of Extremes

Michaels received praise for his book, Climate of Extremes: Global Warming Science They Don’t Want You to Know (2009) from University of Alabama-Huntsville Principal Research Scientist Roy Spencer, who wrote, “Michaels and [Co-Author Robert] Balling have provided a treasure trove of the latest global warming science.”[33] Will Happer, Professor of Physics and Former Chairman of the University Research Board at Princeton University, also praised the book and wrote it “…provides important and honest information about climate change that is hard to find elsewhere.”[34]

Funding from energy or fossil fuel companies

On July 27, 2006 ABC News reported that a Colorado energy cooperative, the Intermountain Rural Electric Association, had given Michaels $100,000.[35] An Associated Press report said that the donations had been made after Michaels had “told Western business leaders … that he was running out of money for his analyses of other scientists’ global warming research” and noted that the cooperative had a vested interest in opposing mandatory carbon dioxide caps, a situation that raised conflict of interest concerns.[36]

Michaels said on CNN that 40 per cent of his funding came from the oil industry.[37] According to Fred Pearce, fossil fuel companies have helped fund Michaels’ projects, including his World Climate Report, published every year since 1994, and his “advocacy science consulting firm”, New Hope Environmental Services.[38]

A 2005 article published by the Seattle Times reported that Michaels had received more than $165,000 in fuel-industry funding, including money from the coal industry to publish his own climate journal.[9]

Selected publications

Michaels is the author of several books including: Sound and Fury: The Science and Politics of Global Warming (1992), Satanic Gases (2002; as coauthor), Meltdown: The Predictable Distortion of Global Warming by Scientists, Politicians and the Media (2004), published by the Cato Institute, and Shattered Consensus: The True State of Global Warming (2005; as editor and coauthor).

His writing has been published in major scientific journals, including Climate ResearchClimatic ChangeGeophysical Research LettersJournal of ClimateNature, and Science, as well as in popular serials such as the Washington PostWashington TimesLos Angeles TimesUSA TodayHouston Chronicle, and Journal of Commerce.[2] He was an author of the climate “paper of the year” awarded by the Association of American Geographers in 2004.[2]

Science papers and technical comments

Books

See also

References …

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

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The Pronk Pops Show 1293, July 22, 2019, Story 1: Big Spending Democrat and Republican Parties Fail To Make Real Spending Cuts To Balance The Budget — — Massive Budget Deficits For Fiscal Year 2019 — Deficit To Exceed $1,000,000,000,000 For Fiscal Year 2019 — Totally Fiscally Irresponsible Big Government Spending Parties — Videos — Story 2: Islamic Republic of Iran Desperate To Start War With United States and U. S. Allies — Careful What You Wish For — Joint United States and Israel Strike Targeting Iran’s Nuclear Weapons and Missile Systems Programs Deep in Mountains — Nuclear Weapons Required For Total Destruction — Videos — Story 3: Iran Says It Captured 17 Central Intelligence Agency Spies — Plans To Execute Some of Them — Videos — Story 4: Where is The New Border Wall? — Where is Congressional Funding for New Border Barrier? — Congress Is Responsible for Crisis At The Border — New Improved Bipartisan Political Correct Chant — “Send Them All Home” Including Open Border/Citizenship For Illegal Aliens Democrats and Republicans and  Deport All 30-60 Million Illegal Aliens in United States — It Is The Law — Enforce The Law — Videos

Posted on July 23, 2019. Filed under: 2020 President Candidates, 2020 Republican Candidates, Addiction, American History, Banking System, Blogroll, Bombs, Breaking News, Bribery, Bribes, Budgetary Policy, Business, Cartoons, Central Intelligence Agency, Communications, Congress, Constitutional Law, Corruption, Countries, Crime, Culture, Deep State, Defense Spending, Disasters, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Drones, Drones, Eating, Economics, Education, Elections, Empires, Employment, Energy, European History, Fiscal Policy, Foreign Policy, Free Trade, Freedom of Speech, Government, Government Spending, Great Britain, Health, Health Care Insurance, High Crimes, History, House of Representatives, Human Behavior, Illegal Immigration, Illegal Immigration, Immigration, Impeachment, Independence, Insurance, Investments, Iran Nuclear Weapons Deal, Islam, Islamic Republic of Iran, Killing, Labor Economics, Language, Law, Legal Immigration, Life, Lying, Media, Medicare, Middle East, Mike Pompeo, Military Spending, MIssiles, Monetary Policy, National Interest, National Security Agency, Natural Gas, Natural Gas, News, Nuclear, Oil, Oil, People, Philosophy, Photos, Politics, Polls, President Trump, Prime Minister, Progressives, Public Corruption, Public Relations, Qatar, Radio, Raymond Thomas Pronk, Religion, Resources, Rule of Law, Russia, Saudi Arabia, Scandals, Senate, Social Security, Spying, Subversion, Success, Surveillance/Spying, Tax Policy, Taxation, Taxes, Technology, Terror, Trade Policy, U.S. Negotiations with Islamic Republic of Iran, Unemployment, United States of America, Vessels, Videos, War, Wealth, Weapons, Welfare Spending, Wisdom, Yemen | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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Pronk Pops Show 1232 April 1, 2019 Part 2

See the source imageThe Stena Impero was sailing through the Strait of Hormuz on Friday around 4pm when it was stopped by IRGC boats, diverted into Iranian waters, and is now being held at the port of Bandar Abbas. Royal Navy frigate HMS Montrose was an hour away at the time, leading to claims the Royal Navy is no longer fit for purposeSee the source imageSee the source image

See the source image

Story 1: Big Spending Democrat and Republican Parties Fail To Make Real Spending Cuts To Balance The Budget — Massive Budget Deficits For Fiscal Year 2019 — Deficit To Exceed $1,000,000,000,000 For Fiscal Year 2019 — Totally Fiscally Irresponsible Big Government Spending Parties — Videos —

See the source image

See the source image

Congress, White House Nearing Two-Year Debt Limit Deal

A budget agreement is ‘near final’, source says

White House projects the federal deficit will surpass $1 trillion

Trump reportedly plans to make massive cuts to federal spending in second term Daily Mail Online

Trump Running $1 TRILLION DEFICITS FOR YEARS TO COME, After Promising to Pay U.S. Debt in 8 years!

Funding the Government: The Budget Process and Omnibus Spending Bills [Article I Initiative]

Why the federal deficit is rising, despite economic growth

 

House Speaker Nancy Pelosi on Monday. Mrs. Pelosi and Treasury Secretary Steven Mnuchin negotiated the agreement for weeks. PHOTO:REBECCA COOK/REUTERS

WASHINGTON—Congressional and White House negotiators reached a deal to increase federal spending and raise the government’s borrowing limit, securing a bipartisan compromise to avoid a looming fiscal crisis and pushing the next budget debate after the 2020 election.

The deal for more than $2.7 trillion in spending over two years, which must still pass both chambers of Congress and needs President Trump’s signature, would suspend the debt ceiling until the end of July 2021. It also raises spending by nearly $50 billion next fiscal year above current levels.

The agreement forgoes the steep spending cuts initially sought by the administration, providing for about $320 billion in spending over two years above limits set in a 2011 budget law that established automatic spending cuts, known as the sequester.

Mr. Trump, a Republican, announced the deal on Twitter late Monday, citing all four congressional leaders. He added: “This was a real compromise in order to give another big victory to our Great Military and Vets!”

House Speaker Nancy Pelosi (D., Calif.) and Treasury Secretary Steven Mnuchin negotiated the agreement for weeks, hoping to complete a deal before the House leaves Washington at the end of the week for August recess. Mr. Mnuchin had warned that the government could exceed its borrowing limit as soon as early September, before lawmakers return from recess. Talks continued throughout Monday.

In a joint statement Mrs. Pelosi and Sen. Chuck Schumer of New York, the chamber’s Democratic leader, pledged that the House would bring the deal quickly to the floor. They stressed that the agreement increases both defense and domestic spending and said they had agreed to spending offsets that were part of an earlier bipartisan agreement.

Senate Majority Leader Mitch McConnell (R., Ky.) said he was encouraged by the deal, adding that it “secures the resources we need to keep rebuilding our armed forces.” He said he intended to have the Senate vote on it before the chamber departs for recess.

The deal marked a victory for congressional leaders and Mr. Mnuchin, who had stressed that without action, the government could exhaust its ability to keep paying its bills in early September.

A key sticking point in the negotiations was how to pay for the cost of the spending increases. The deal extends small cuts to Medicare beyond fiscal year 2027 and extends fees collected by Customs and Border Protection, amounting to $77 billion worth of savings to offset the cost. Those routine budget accounting moves fall short of the $150 billion in spending cuts originally sought by the administration.

In spring of 2018, Mr. Trump threatened to veto an omnibus spending bill and late last year he rejected a bipartisan spending agreement negotiated in the Senate because it didn’t include billions of dollars in funding to construct a border wall, setting off the longest government shutdown in modern history.

Fiscal hawks panned reports of the proposed deal Monday before many of the details had been released, warning it could add trillions of dollars more to projected government debt levels over the next decade. The White House estimated this month that annual deficits are on track to exceed $1 trillion this fiscal year because of weaker federal revenue following the 2017 tax cut and higher government spending under the current budget agreement.

“This deal would amount to nothing short of fiscal sabotage,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said Monday following reports of a two-year $320 billion deal. Ms. MacGuineas urged lawmakers to cancel recess and negotiate for a better deal.

Mrs. Pelosi has been clear that she wanted to reach an agreement before Congress leaves for summer break. She has said she wants the House to vote on the agreement on Thursday, before the chamber goes on recess on July 26. The Senate doesn’t take its break until Aug. 2.

Mr. Mnuchin took the lead negotiating on behalf of the administration, working closely with Mrs. Pelosi. That appeared to limit the roles of White House acting chief of staff Mick Mulvaney and acting Office of Management and Budget Director Russ Vought.

Leaders of both parties sought to pair the debt limit vote with a broader spending agreement—a move that creates an impetus for Democrats to push for domestic spending increases and lets Republicans avoid a difficult, stand-alone vote on raising the borrowing limit.

An aide to the speaker said Mrs. Pelosi and Mr. Mnuchin spoke three times on Sunday and Mr. Schumer joined one of the calls. On Monday, they spoke in the morning and again in the late afternoon before Mr. Mnuchin held a conference call with the four congressional leaders to discuss any issues. During the call, Mr. Mnuchin told the leaders that the president would tweet on the deal within the hour.

Treasury Secretary Steven Mnuchin left a meeting with top congressional leaders on a potential deal to raise the budget caps in May. PHOTO: J. SCOTT APPLEWHITE/ASSOCIATED PRESS

 

https://www.wsj.com/articles/white-house-and-congress-near-agreement-on-spending-debt-ceiling-11563799484

 

What to Know in Washington: Crunch Week for Debt, Spending Deal

Congress and the White House are closing in on a debt ceiling and budget deal but with time running short could resort to a short term extension of U.S. borrowing authority before the House recesses this week.

Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin continued talks over the weekend by telephone. A key point under negotiation is the Trump administration’s initial demand for as much as $150 billion in long-term spending cuts to attach to the deal.

Mnuchin warned the U.S. risks missing debt payments in early September — before lawmakers are scheduled to return to Washington after a recess that begins for the House on Friday and the Senate a week later.

Both sides have offered assurances that Congress won’t let the U.S. run up against the debt limit and trigger a default, but lawmakers are still trying to include a budget agreement in the negotiation.

If the budget negotiations can’t be concluded in time, lawmakers may decide to pass a debt ceiling extension into October. That would avoid the risk of a default in the short-term but would extend uncertainty for markets.

Pelosi and Mnuchin have tentatively agreed on one part of the deal: to suspend the debt ceiling for about two and a half years, along with an increase in discretionary spending that’s estimated to cost $350 billion. Trump officials want to partially offset that spending increase for the military and domestic agency budgets with savings in entitlement programs like Medicare and Medicaid that are not subject to annual budget caps.

The White House late Thursday floated a menu of savings options worth $574 billion from which Pelosi could choose what to include in the deal. Pelosi resisted offsetting any of the spending increases, and any hope of a deal hinges on finding a compromise with the $150 billion that Trump officials want to save.

The White House offer also proposed extending caps on defense and non-defense discretionary spending for 2021 and 2022 to save another $516 billion.

After administration officials sent the offer to Pelosi, President Donald Trump on Friday said he thought the talks were in “good shape.” However he’d still have to sign off on the final terms of a deal and he hasn’t publicly set out what he wants on spending or on cuts.

While the budget deal doesn’t have to be included with a measure to raise the debt limit, lawmakers want it to be addressed soon so Congress can pass appropriations bills before the new fiscal year begins Oct. 1. Otherwise they’ll have to pass a stopgap spending measure to prevent a government shutdown.

If Congress doesn’t lift the budget caps that limit government outlays, current law would trigger automatic cuts at the end of the calendar year. Read more from Erik Wasson.

https://about.bgov.com/news/what-to-know-crunch-week-for-debt-spending-deal/

Story 2: Islamic Republic of Iran Desperate To Start War With United States and U. S. Allies — Careful What You Wish For — Videos

Stena Impero: Crew seen in first pictures from inside UK-flagged oil tanker seized by Iran

Iran on ‘dangerous path’ after British-flagged tanker seizure

Iran Ambassador says UK raising tensions would be ‘dangerous and unwise’

 

British-operated oil tanker seized by Iran

First pictures INSIDE the British tanker captured by Iran: Tehran taunts the UK by releasing photo of terrified crew huddled on board vessel after it was seized by Revolutionary Guard gunmen

  • British-flagged oil tanker Stena Impero was seized by Iran on Friday as it sailed through the Strait of Hormuz
  • First image taken inside vessel shows part of its 23-strong crew being held by Iranian Revolutionary Guards
  • Video also shows Iranians talking to the crew around a table, and thanking them for their cooperation 
  • Tehran seized the tanker after Iranian-flagged vessel was stopped by marines off Gibraltar earlier this month
  • Downing Street today said UK ‘does not seek confrontation with Iran’ but described the move as ‘escalatory’ 
  • Russia threw its backing behind ally Iran on Monday, saying its position ‘is much more convincing’ than UK 
  • Tehran also said it had arrested 17 suspected CIA spies and will put some to death, further increasing tensions

Iran today paraded the crew of a British-flagged tanker that it captured in the Strait of Hormuz on Friday.

Tehran released video of some of the 23-strong crew of the Stena Impero sitting around a table speaking with one of their captors, alongside fresh images showing Revolutionary Guardsmen on board the Swedish-owned vessel.

The video shows seven of the crew wearing red jumpsuits and sitting around a table, as one Iranian guard can be heard thanking them for their cooperation. The cameraman can also be heard telling them not to look at him. Another video shows the crew laughing while standing around a coffee machine, and the ship’s cooks preparing food in an apparent attempt to show they are being treated well.

Pictures released by the semi-official Fars news agency earlier in the day show some of the crew – which includes 18 Indians, three Russians a Latvian and a Filipino – huddled cross-legged on the floor.

Standing over them in a Revolutionary Guardsman, while items of bedding and towels are scattered around the room. Their shoes have been taken off and piled in a corner.  Two others photos show an armed guardsman on the deck of the tanker, and the tanker being watched over by armed boats at the port of Bandar Abbas, where it is being held.

The photos and videos are Iran’s latest taunt to Britain, after it also released video of its flag being raised over the vessel and the Islamic call to prayer being played through its speakers.

Iran seized the vessel as it passed through the Strait of Hormuz on Friday, weeks after Britain detained an Iranian vessel off the coast of Gibraltar. Iran says the US ordered the operation amid a standoff between the two countries, but the UK claims the tanker was violating EU sanctions.

Iran has today paraded the crew of the Stena Impero oil tanker, which sails under a British flag, after its Revolutionary Guards captured the vessel on Friday. Footage released on state TV channels showed part of the crew sitting around a table

Other images showed the crew - which included 18 Indians, three Russian, and Latvian and a Filipino - laughing and smiling. Tehran has previously said that the crew are well and are being looked after

Other images showed the crew – which included 18 Indians, three Russian, and Latvian and a Filipino – laughing and smiling. Tehran has previously said that the crew are well and are being looked after

Chefs are also shown preparing food in the tanker's kitchen in an attempt by Iranian authorities to prove that the crew are not being badly treated

Chefs are also shown preparing food in the tanker’s kitchen in an attempt by Iranian authorities to prove that the crew are not being badly treated

Iran's state-affiliated Fars news agency released the first image inside the British-flagged Stena Impero oil tanker on Monday, showing part of the 23-strong crew sitting cross-legged on the floor under the watch of a Revolutionary Guardsman while their shoes sit piled up nearby

Iran’s state-affiliated Fars news agency released the first image inside the British-flagged Stena Impero oil tanker on Monday, showing part of the 23-strong crew sitting cross-legged on the floor under the watch of a Revolutionary Guardsman while their shoes sit piled up nearby

In a second image, an armed guardsman is seen patrolling along the deck of the Imepero in the latest taunt to Britain. Iran is trying to secure the release of its tanker - the Grace 1 - which was seized by Royal Marines near Gibraltar earlier this month

In a second image, an armed guardsman is seen patrolling along the deck of the Imepero in the latest taunt to Britain. Iran is trying to secure the release of its tanker – the Grace 1 – which was seized by Royal Marines near Gibraltar earlier this month

A third image shows the Imepero being watched over by an armed Iranian vessel at the port of Bandar Abbas, where it is being held after it was seized in the Strait of Hormuz on Friday last week

 

A third image shows the Imepero being watched over by an armed Iranian vessel at the port of Bandar Abbas, where it is being held after it was seized in the Strait of Hormuz on Friday last week

Speaking in the House of Commons this evening, UK Foreign Secretary Jeremy Hunt urged Iran to release the Stena and proposed a ‘European-led maritime protection mission’ to protect Middle East shipping.

Condemning an ‘act of state piracy’, Mr Hunt called the capture a ‘flagrant breach of the principle of free navigation on which the global trading system and world economy ultimately depends’.

Outgoing Prime Minister Theresa May chaired a meeting of the emergency Cobra committee on Monday to discuss the crisis, even though her leadership is expected to pass to Boris Johnson in the coming days, who now faces a baptism of fire to diffuse the situation.

The government was also criticised for cutting the size of the navy so that it is not capable of meeting the threat from Iran, as US Secretary of State Mike Pompeo warned that the responsibility for protecting British ships ‘falls to the United Kingdom.’

In other developments on Monday:

  • Russia waded in to take the side of its ally – Iran – accusing Britain of ‘piracy’ for seizing the Grace 1 tanker 
  • Theresa May chaired a meeting of the Cobra emergency committee. Her spokesman said seizing the tanker was illegal and that officials had written to the UN to complain
  • Boris Johnson was urged to break his silence on the crisis, as he prepares to become Tory leader
  • Tony Blair said the future of Iran’s nuclear deal could be a way to exert diplomatic pressure on Tehran
  • Relatives of one of the crewmen were pictured weeping as they watched news of the tanker’s capture on TV
  • Former First Sea Lord Admiral Lord West led criticism that the Royal Navy is no longer fit for purpose and cannot protect British interests
  • Iran said it had captured 17 CIA spies and planned to put some of them to death

As Mrs May chaired a meeting of the Cobra emergency committee, her spokesman said: ‘We are clear that the seizure of the British-flagged, Swedish owned Stena Impero on Friday was illegal under international law.

‘The ship was seized under false and illegal pretences and the Iranians should release it and its crew immediately.

‘The Foreign Secretary spoke to the Iranian Foreign Minister Zarif to make this demand.

‘We do not seek confrontation with Iran but it is unacceptable and highly escalatory to seize a ship going about legitimate business through internationally recognised shipping lanes.’

Hunt plans European mission to protect ships

Speaking in Parliament today, Britain’s Foreign Secretary Jeremy Hunt urged Iran to release the Stena and proposed a ‘European-led maritime protection mission’ to protect Middle East shipping.

British-flagged ships are advised to avoid Iranian waters and the Straits of Hormuz, and could receive convoys, although Mr Hunt said it would be impossible to protect every ship.

The European-led force would not be part of America’s ‘maximum pressure’ campaign as Britain still wants to preserve the 2015 nuclear deal with Iran, Mr Hunt said.

He said he would discuss how the new proposal would complement the American presence in the area.

Jeremy Hunt speaks to the House of Commons today

Jeremy Hunt speaks to the House of Commons today

Condemning an ‘act of state piracy’, Mr Hunt called the capture a ‘flagrant breach of the principle of free navigation on which the global trading system and world economy ultimately depends’.

Under international law, Iran had ‘no right to obstruct the ship’s passage, let alone board her’, Mr Hunt said, adding that Britain ‘does not seek confrontation with Iran’.

He also rejected Iran’s attempt to draw a parallel between the capture of the Stena and Britain’s seizure of Iranian supertanker Grace 1 off Gibraltar on July 4.

‘There is simply no comparison between Iran’s illegal seizure of a vessel inside a recognised shipping lane, where the Stena Impero had every right to be, and the enforcement of EU sanctions against a tanker that had freely navigated into the waters of a British overseas territory,’ he said.

‘If Iran continues on this dangerous path, they must accept the price will be a larger Western military presence in the waters along their coastline.’

The Foreign Secretary will discover tomorrow whether he or Boris Johnson will be Britain’s new PM.

But Tehran hit back, saying the seizure was ‘a legal measure by Iran. Iran confronted the ship (to ensure) the region’s security.’

Government spokesman Ali Rabiei told a news conference in Tehran: ‘To all the countries that are calling on Iran to release the tanker, we ask them to tell Britain the same thing.

‘Comparing the two seizures is an unfair reading’ of the situation, said the Iranian government spokesman.

‘When you illegally seize the ship in Gibraltar, we too are not bound to tolerate any more.’

While Mrs May is handling the crisis for now, Boris Johnson is expected to take over as Prime Minister on Wednesday, and diffusing the crisis will be his first challenge.

He was urged to speak out about the crisis Monday, even as critics attacked his record on negotiating with Iran – after he managed to have the jail term of Briton Nazanin Zaghari-Ratcliffe extended while he was Foreign Secretary.

In a sign that Mr Johnson could opt to make his Tory leadership rival Mr Hunt the fall guy for the situation, Jacob Rees-Mogg today said it would be ‘vanity’ if the current Foreign Secretary refused to accept a demotion.

Meanwhile Moscow’s deputy foreign minister Sergey Ryabkov insisted Iran was merely ‘taking care of ecology’ in the Gulf and said ‘Iran’s arguments are much more right than those of Gibraltar and London who are indulging in piracy’.

The tanker row – the latest in a series of threats to Middle East shipping – has sent tensions spiralling further amid furious exchanges of rhetoric over the crumbling nuclear deal with Iran.

Maritime industry publication Lloyd’s List said there are currently no U.K.-flagged ships heading to the Persian Gulf and eight U.K.-flagged vessels anchored there after a government advisory to such vessels to avoid the Strait of Hormuz.

Restoring the free flow of traffic through the Strait of Hormuz is of critical importance to the world’s energy supplies because one-fifth of all global crude exports pass through the narrow waterway between Iran and Oman.

Yesterday the Iranian flag was hoisted over the Stena with Iranian armed forces patrolling the decks in the heavily-guarded port of Bandar Abbas.

The family of one of the crewmen - Deena and husband Pappachan - were pictured weeping at their home in Kochi, India, while watching news about the tanker on TV

Footage broadcast on Iranian state TV shows the seized British-registered oil tanker having an Iranian flag hoisted above it. The Royal Navy's nickname for the strait is 'Chokepoint Charlie'. It links the Persian Gulf to the Gulf of Oman, a tight hairpin bend with Iran to the north and the headland of Oman and the United Arab Emirates to the south

Footage broadcast on Iranian state TV shows the seized British-registered oil tanker having an Iranian flag hoisted above it. The Royal Navy’s nickname for the strait is ‘Chokepoint Charlie’. It links the Persian Gulf to the Gulf of Oman, a tight hairpin bend with Iran to the north and the headland of Oman and the United Arab Emirates to the south

Keeping watch: An Iranian Revolutionary Guard patrol boat sails in front of the Stena Impero, the UK-flagged vessel which was seized by Iranian authorities on Friday

Keeping watch: An Iranian Revolutionary Guard patrol boat sails in front of the Stena Impero, the UK-flagged vessel which was seized by Iranian authorities on Friday

Flashpoint: The Stena Impero, the UK-flagged tanker at the centre of the latest Middle East tensions, is seen at a heavily guarded Iranian port

On deck: The Stena is seen with an Iranian Revolutionary Guard boat beside it after it was captured on Friday

Video footage released by Iran showed the  tanker being surrounded by speedboats before troops in balaclavas descend a rope from a helicopter onto the vessel.

In a radio exchange, an Iranian officer can be heard telling the tanker to change course.

‘You are ordered: change your course… immediately. If you obey, you will be safe,’ he said.

The British frigate HMS Montrose intervenes to inform the Stena its ‘passage must not be impaired, impeded, obstructed or hampered’ under international law.

The Iranians then tell the British warship: ‘No challenge is intended… I want to inspect the ship for security reason.’

The Montrose diverted to the Stena’s position but was around an hour away by the time it entered Iranian waters.

Iran ‘arrests 17 CIA spies, several face execution’

Seventeen alleged CIA spies have been arrested in Iran and some of them will face the death penalty, Tehran claimed today.

Iranian intelligence chiefs say they have broken up an American spy ring which had planted U.S. agents in nuclear, military and cyber facilities and allegedly tried to recruit spies in the UAE.

The suspects were all Iranians, some of them recruited by a ‘visa trap’ in which the CIA would target Iranians as they applied to travel to America, Iran claims.

Accusation: An Iranian official tells a documentary how authorities in Tehran had struck a blow against American intelligence

In a statement read on state television, the Ministry of Intelligence said 17 spies were arrested during the Iranian calendar year that ended in March 2019.

‘Those who deliberately betrayed the country were handed to the judiciary… some were sentenced to death and some to long-term imprisonment,’ an intelligence spokesman told Iranian media.

‘The identified spies were employed in sensitive and vital private sector centres in the economic, nuclear, infrastructural, military and cyber areas… where they collected classified information.’

Iranian officials said the suspects had been gathering classified information using ‘advanced equipment’.

Meanwhile an Iranian television documentary aired on Monday purported to show a CIA officer recruiting an Iranian man in the United Arab Emirates.

The Press TV documentary claimed that Iran had ‘dealt a blow to the U.S. foreign intelligence service’, though it was unclear if it was describing the same arrests.

‘Because there are so many intelligence officers in Dubai. It is very dangerous… Iranian intelligence,’ a woman was shown telling an Iranian in the documentary.

Iran impounded the Stena on allegations it failed to respond to distress calls and turned off its transponder after hitting a fishing boat.

A top British representative to the UN rejected Iran’s version of events, accusing Tehran of ‘illegal interference’ and saying there was no evidence of a collision.

In a letter to the UN Security Council, British charge d’affaires Jonathan Allen wrote that the vessel had been in Omani waters with its transponder switched on when it was approached.

Meanwhile T. V. Pappachan, the father of 26-year-old crew member Dijo Pappachan, said he is waiting anxiously for his son to be returned and called on Britain to guarantee his safety.

‘I am not speaking only for my son. All the 23 crew members set sail to foreign countries for work. They are onboard to make a living. It is the government’s responsibility to make sure they come back safe,’ he told the Kahleej Times.

I have complete trust in the government of India and our diplomatic strength. I understand that the issue is between countries and individuals cannot do much. We are all praying for the entire crew’s safe return.’

Theresa May chaired a meeting of the Government’s emergency committee Cobra on Monday amid concern over how Iran was able to capture the ship.

A second oil tanker, the Liberian-flagged Mesdar, which is managed by Norbulk Shipping UK, veered off course towards the Iranian coast after it was boarded by armed guards at around 5.30pm on Friday.

The Mesdar’s Glasgow-based operator said communication had since been re-established with the ship and the crew were unharmed.

Britain has warned its ships to avoid the Straits of Hormuz, a chokepoint for about a third of the world’s sea-borne oil.

UK authorities intercepted the Grace 1 on July 4, saying it was violating EU sanctions by carrying a shipment of Iranian crude oil to Syria.

A detachment of Royal Marines from 42 Commando boarded the vessel off Gibraltar in a joint operation with the Royal Gibraltar Police.

Gibraltar’s government said tests showed the supertanker was fully loaded with crude oil.

But Iran has insisted that the tanker was not headed for Syria.

Defence Minister Tobias Ellwood attempted to dispel criticism that the UK had ‘taken its eye off the ball’ by allowing the tanker to be captured.

He said the UK had vessels going through 100 nautical miles of waterway every day in the region, adding: ‘It is impossible simply to escort each individual vessel.’

He also called for more money to be invested in the Royal Navy if Britain wants to continue to play a role on the international stage.

Sir Iain Duncan Smith, former Tory party leader, added his voice to the critics – saying that Britain was offered help in guarding the vessels by the United States and refused it.

The Stena Impero was surrounded by Iranian Revolutionary Guard forces at 4pm and ordered to head north on Friday. A second British-managed vessel, Mesdar, abruptly changed course towards Iran

Russian deputy foreign ministery Sergei Ryabkov (pictured) took Iran's side over the tanker

Russian deputy foreign ministery Sergei Ryabkov (pictured) took Iran’s side over the tanker

Footage showed troops wearing ski masks and carrying machine guns (pictured) rappelling to its deck from a helicopter before capturing the British-registered oil tanker on Friday night

Footage showed troops wearing ski masks and carrying machine guns (pictured) rappelling to its deck from a helicopter before capturing the British-registered oil tanker on Friday night

Royal Navy ‘disgracefully short of ships’

Former heads of the navy and politicians are joining a chorus of criticism of the state of the Royal Navy – warning Britain’s fleet no longer has the power to protect British interests, following the seizure by Iran of a British-flagged oil tanker.

Former First Sea Lord, Admiral Lord West said the Navy is ‘disgracefully short of ships’ while retired commander of UK maritime forces Rear Admiral Alex Burton said the Navy’s decline since 2005 ‘has had an impact on our ability to protect our interests around the globe’.

On Friday the Royal Navy frigate HMS Montrose arrived an hour too late to prevent Iranian Revolutionary guard commandos from seizing the British-flagged Stena Impero oil tanker.

The Royal Navy fleet is a fraction of its size three decades ago and many ships are currently out of commission undergoing maintenance or repair

They diverted the tanker and its mainly Indian crew to Iran, despite it sailing in Omani waters, in retaliation for the capture by British forces of an Iranian vessel earlier this month.

Politicians and military experts have asked why it was not accompanied by a Royal Navy convoy after the Iranian Grace One tanker, allegedly taking Iranian oil to Syria in breach of EU sanctions, was captured by UK forces off the coast of Gibraltar on July 4.

Conservative MP Huw Merriman said yesterday: ‘I take the view that we have dropped the ball here … we did not put in place a chain where we asked all of our vessels to leave at a certain time under convoy.

‘So it was hardly a surprise when one of ours got taken.’

What does it mean for a ship to sail under a country’s flag?

While the Stena Impero is a British-flagged vessel, it is owned by Swedish shipping firm Stena AB – which is headquartered in Glasgow.

Being ‘British-flagged’ means the vessel is registered in the UK and is covered by the maritime laws of that country.

A vessel does not have to have any physical connection to the country in which it is registered and merely has to have an application accepted by that country’s shipping authorities.

A ship can only fly one flag at a time, but can change flags at any point.

As a result, some owners seek a so-called ‘flag of convenience’ which they believe will offer benefits.

Panama and the Marshall Islands are well-known for offering easy registrations and other benefits for those registering there, in the hopes of attracting business.

As a result, Panama has the largest ship register in the world, with the Marshall Islands second in the 2018 list.

Describing the grab by Tehran as a ‘major failure’ by the UK, he demanded to know why the offer of help was refused and said answers need to be offered ‘very quickly’.

Jacob Rees-Mogg, chairman of the Tory European Research Group and a prominent supporter of Boris Johnson, suggested that leadership rival Jeremy Hunt’s Foreign Office should accept some of the blame for the current crisis in the Gulf.

Downing Street has denied that the US offered support to escort every single British ship through the Strait, with Theresa May’s official spokesman saying that the area is simply too large to provide that kind of assistance.

Meanwhile senior intelligence sources claimed that terrorists supported by Iran could strike Britain if tensions deepen between the two countries.

Agencies believe that the Islamic Republic has funded sleeper cells across Europe, including in the UK.

They rank the country behind only Russia and China as in terms of the threat it poses to national security.

Lebanese militant group Hezbollah is linked to radicals that are operating the terror cells, a source told the Daily Telegraph.

Counter-terror officers broke apart a cell in 2015 when they found it stockpiling explosives in London.

Britain only has the Type 23 frigate HMS Montrose in the region plus four mine hunters, while the US as its Fifth Fleet based in Bahrain - which includes one aircraft carrier, one missile cruiser, five destroyers, two amphibious vessels and two or three submarines

Jeremy Hunt

Liam Fox

Senior Tory ministers including Foreign Secretary Jeremy Hunt (left) International Trade Secretary Liam Fox (right) arrived at an emergency meeting of the Cobra committee on Monday chaired by Theresa May
Chief of the Defence Staff General Sir Nick Carter

Secretary of State for Health and Social Care Matthew Hancock

Chief of the Defence Staff General Sir Nick Carter (left) and Secretary of State for Health and Social Care Matthew Hancock (right) both attended the Cobra meeting

The source told the paper: ‘Iran has Hezbollah operatives in position to carry out a terrorist attack in the event of a conflict. That is the nature of the domestic threat Iran poses to the UK.’

The current situation in the Gulf can be traced back to last year when President Trump’s administration tore up a nuclear deal signed under Obama.

Johnson’s first crisis?

Boris Johnson is expected to be crowned new Tory party leader Tuesday before taking the reins Wednesday, meaning he will take charge of managing the Iran crisis.

The former Foreign Secretary previously faced criticism after he managed to extend the jail term of Briton Nazanin Zaghari-Ratcliffe in Iran during his tenure, by suggesting that she was not on holiday, as had been previously claimed.

In just 48 hours, Mr Johnson could find himself negotiating the release of the 23-strong crew of the Stena Impero – which includes 18 Indians, three Russians, a Latvian and a Filipino.

He could also find himself doing so without the help of a Foreign Secretary, since his leadership rival is the man currently occupying the post -Jeremy Hunt.

While Mr Johnson has insisted the pair will ‘kiss and make up’ after the election is over, Mr Hunt may decide to follow one of his senior ministers – Sir Alan Duncan – and quit rather than serve under the new leader.

Mr Johnson has so far not spoken out over the crisis, despite mounting pressure to take a stand.

The deal guaranteed Iran economic benefits in return for curtailing its nuclear programme in a way which would not allow it to obtain nuclear weapons.

Trump reapplied stringent economic sanctions on Tehran, robbing the kingdom of much of its income, prompting the regime to walk back on its commitments.

As Iran tried to pressure European leaders to find a way to salvage the deal, tankers in the Gulf can under repeated attack, in explosions which Britain and America have blamed on Tehran.

A UAE investigation found four mysterious sabotage attacks on May 12 were linked to a ‘state actor’ but did not name Iran.

The attacks were carried out with limpet mines and were ‘part of a sophisticated and coordinated operation’, the report found.

The tanker attacks inflamed an already tense Middle East stand-off and prompted the U.S. to bolster its military presence in the region.

Matters worsened just four weeks later when another two ships were hit by explosions in the Gulf of Oman.

Forty-four sailors were forced to abandon their ships amid a huge fireball on the MT Front Altair and another blast on the Kokuka Courageous.

America again blamed Iran, releasing a video which purported to show Iranian revolutionary guard forces removing an unexploded limpet mine from one of the ships.

The Ministry of Defence released this photo of HMS Montrose warding off Iranian Revolutionary Guard speedboats (circled) which harassed the UK-flagged tanker British Heritage on July 10

 

The Ministry of Defence released this photo of HMS Montrose warding off Iranian Revolutionary Guard speedboats (circled) which harassed the UK-flagged tanker British Heritage on July 10

The Iranian Revolutionary Guard uses a large number of high-speed small vessels to harass shipping in the Strait of Hormuz. The regime launched these 'ultra-fast' boats in 2010

The Iranian Revolutionary Guard uses a large number of high-speed small vessels to harass shipping in the Strait of Hormuz. The regime launched these ‘ultra-fast’ boats in 2010

A tape has emerged of HMS Montrose (pictured in 2007) ordering the crew of the Stena Impero not to follow Iranian demands to change its course

 

A tape has emerged of HMS Montrose (pictured in 2007) ordering the crew of the Stena Impero not to follow Iranian demands to change its course

Meanwhile tensions over Iran’s nuclear ambitions have also been heightening as Tehran moves ever further away from its 2015 nuclear deal. 

Iran has said that it could restart deactivated centrifuges and ramp up enrichment of uranium to 20 per cent.

But Major General Hossein Salami, the head of the Revolutionary Guards, denied Iran was pursuing a nuclear weapon.

Trump called off air strikes against Iran at the last minute in June after the Islamic republic downed a U.S. drone.

Today former UK Prime Minister Tony Blair said the future of Iran’s nuclear deal could be a way to exert diplomatic pressure on Tehran.

‘We have one substantial card in our hands, which is that the Iranians have been trying to get the British and the Europeans to keep to the Iran nuclear deal,’ he told BBC Radio 4’s Today programme.

‘Therefore actually their attempt to interfere with a British-flagged ship is obviously wrong, not just in principle, but it’s obviously a political gamble for them.’

He added that the UK would have to make special arrangements to escort shipping through the Strait of Hormuz.

‘Chokepoint Charlie’: Patrolled by 2,000 Iranian speedboats, why the Strait of Hormuz is one of the world’s most chaotic and volatile shipping channels 

By Phil Diacon, for the Daily Mail

To grasp fully the crisis in the Strait of Hormuz, you need a clear picture of the chaotic and volatile scene in what is one of the world’s busiest shipping channels.

Up to 100 oil tankers pass through this narrow waterway every day, transporting close to 20 million barrels of oil – and that is only the activity we can most easily detect in these waters.

Hundreds of other boats and ships ply the same seas, which are not much wider than the English Channel between Dover and Boulogne, about 21 nautical miles.

Stena Impero, a British-flagged vessel owned by Stena Bulk, is seen at Bandar Abbas port today after being seized by Iran. Larger vessels in the strait are obliged to transmit their position, but those rules do not apply to the numerous smaller craft. It is, therefore, simply impossible for one British warship to have a full and detailed picture of all the activity in the Strait of Hormuz. You might as well ask a single police car to track every vehicle on a motorway

Stena Impero, a British-flagged vessel owned by Stena Bulk, is seen at Bandar Abbas port today after being seized by Iran. Larger vessels in the strait are obliged to transmit their position, but those rules do not apply to the numerous smaller craft. It is, therefore, simply impossible for one British warship to have a full and detailed picture of all the activity in the Strait of Hormuz. You might as well ask a single police car to track every vehicle on a motorway

The Royal Navy’s nickname for the strait is ‘Chokepoint Charlie’. It links the Persian Gulf to the Gulf of Oman, a tight hairpin bend with Iran to the north and the headland of Oman and the United Arab Emirates to the south.

Larger vessels are obliged to transmit their position, but those rules do not apply to the numerous smaller craft.

I spent my formative years in the RAF before founding a maritime intelligence service. The high seas, I have come to learn, are not like the skies, where all aircraft must keep to a flight plan and comply with air traffic control.

Instead, ships such as fishing vessels and pleasure boats do not have to signal their identity or their plans – which makes the Navy’s job of spotting Iran’s military patrol boats extremely difficult.

It is, therefore, simply impossible for one British warship to have a full and detailed picture of all the activity in the Strait of Hormuz. You might as well ask a single police car to track every vehicle on a motorway.

Iran knows this. It has been building up its military strength in the strait for decades, aimed at countering the West’s navies. The crisis in the Strait of Hormuz is extremely volatile. Tehran has become a hungry tiger, backed into a corner with few options for escape.

Already it has stockpiled mines and missiles. And most worryingly of all, the naval branch of the Iranian Revolutionary Guard has about 2,000 fast attack craft (FAC) to be used in swarm formations. These speedboats can appear anywhere in the strait within minutes. Armed with heavy machine-guns and rocket launchers, they can carry radar-guided anti-ship missiles capable of sinking a 1,500-ton target.

Though their forces are no match for conventional Western navies, they have developed their strength in ‘asymmetric techniques’. It would be difficult for any warship – let alone a tanker – to defend itself against an assault by a swarm of FACs, especially if they were assisted by mini-submarines with torpedoes.

The Stena Impero was sailing through the Strait of Hormuz on Friday around 4pm when it was stopped by IRGC boats, diverted into Iranian waters, and is now being held at the port of Bandar Abbas. Royal Navy frigate HMS Montrose was an hour away at the time, leading to claims the Royal Navy is no longer fit for purpose

The Stena Impero was sailing through the Strait of Hormuz on Friday around 4pm when it was stopped by IRGC boats, diverted into Iranian waters, and is now being held at the port of Bandar Abbas. Royal Navy frigate HMS Montrose was an hour away at the time, leading to claims the Royal Navy is no longer fit for purpose

Analysts also believe that Iran has developed unmanned, remote-controlled sea-going drones called Ya Mahdi boats. These can be loaded with explosives and launched on high-speed attacks that are difficult to detect on radar.

Clearly, it would be extremely foolish of the UK to underestimate Iran’s military capabilities – or the country’s pride.

The Royal Navy sailors trying to protect British shipping in the Gulf face another headache. Such is the chaotic situation on the ground that it is by no means easy to say what is and isn’t a British ship.

When Iranian commandos stormed the Stena Impero on Friday evening, referred to by some as a ‘British tanker’ none of the 23 crew members taken hostage was, in fact, British. The vessel was sailing under the British flag or ‘red ensign’, but that was really a diplomatic nicety. The ship is owned in Sweden, not the UK – and companies from any number of nations might lay claim to portions of its cargo.

The Tory MP Iain Duncan Smith asked yesterday why Britain had not accepted US offers of naval assistance, but the problem is not a lack of warships: it is knowing what to do with them.

So how should the next Prime Minister navigate this treacherous strait? Let us hope that mediation and cool responses prevail. Putting more warships into the area would increase the likelihood of conflict. I do not believe, therefore, that sending US aircraft carriers and our own nuclear submarines to the region is the answer.

Neither is greater use of convoys. Convoys can move only as fast as their slowest member, and many of the ships in the strait have no reason to join any convoy because they do not perceive any threat.

As long as this stand-off continues, the situation will remain tense. No one should be craving further military action. But after a weekend of dire warnings and threatening rhetoric, Britain has very few viable next steps.

  • Phil Diacon is managing director of the maritime security experts Dryad Global

 

https://www.dailymail.co.uk/news/article-7271815/Russia-says-Irans-tanker-position-right-Britains.html

Story 3: Iran Says It Captured 17 Central Intelligence Agency Spies — Plans To Execute Some of Them — Videos

Pompeo dismisses Iran’s claim it arrested 17 CIA spies

Iran says it has captured 17 alleged US spies

Iran claims to have captured spies working for CIA

Iran crisis: ‘CIA spies’ sentenced to death

Iran releases the names and photos of some of the 17 ‘CIA spies’ it claims to have captured as Trump insists they have NOT been arrested and accuses Tehran of lying because it has ‘no idea what to do’ amid rising tensions with the West

  • The Iranian intelligence and security forces released photographs and the names of some of people they are are among the 17 on Monday 
  • Their identities have not been verified by any other government  
  • It  came as President Trump denied that any CIA agents had been arrested 
  • He accused Iran of lying because the country had become desperate
  • Iran claims to have arrested the spies sometime before March this year
  • It says it is only now publicizing their arrests as tensions with the West escalate 
  • All of the ‘suspects’ are Iranian nationals who were ‘lured’ by ‘US visa traps’, the Iranians claim  
  • U.S. Secretary of State Mike Pompeo retorted that Iran had a ‘history of lying’
  • Middle East tensions have been rising for weeks amid a series of tanker attacks
  • They have spiraled again in recent days after Iran seized a UK-flagged vessel 

An Iranian media outlet has released photographs of some of the 17 ‘CIA spies’ its government claims to have captured.

Photographs of some of the men were shared on Twitter on Monday by the Tasnim News Agency along with ‘details’ of their apparent work for the US.

The images and information were released by the Iranian intelligence and security forces, the agency reported.  They have not been verified by the US or any other government.

All of the ‘spies’ are Iranian nationals who the Iranian government claims were lured by the US with the promise of getting visas, according to Iran, which claims they were arrested in the Iranian calendar year which ended in March.

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Only now are their arrests being made public as the standoff between the West and Tehran intensifies.

As the photos emerged on Monday, President Trump denied that anyone had been arrested and Secretary of State Mike Pompeo pointed to Iran’s history of lying.

‘The Report of Iran capturing CIA spies is totally false,’ Trump wrote in a tweet.

Scroll down for video 

Iran released unmuzzed versions of these photographs along with some of the 'spies' names on Monday morning after claiming to have captured them in the Iranian calendar year which ended in March

Iran released unmuzzed versions of these photographs along with some of the 'spies' names on Monday morning after claiming to have captured them in the Iranian calendar which ended in March

Iran released unmuzzed versions of these photographs along with some of the ‘spies’ names on Monday morning after claiming to have captured them in the Iranian calendar year which ended March

Some of the photographs included the alleged spies' families. Iran says all are Iranian nationals but that they were lured into working for the US government+27

Some of the photographs included the alleged spies' families. Iran says all are Iranian nationals but that they were lured into working for the US government

Some of the photographs included the alleged spies’ families. Iran says all are Iranian nationals but that they were lured into working for the US government

Another of the 'spies' Tehran claims to have captured in retaliation against the US+27

Another of the ‘spies’ Tehran claims to have captured in retaliation against the US

Trump called the reports 'lies and propaganda' and claimed Tehran is flailing amid a sinking economy and 'has no idea what to do'

 

Trump called the reports ‘lies and propaganda’ and claimed Tehran is flailing amid a sinking economy and ‘has no idea what to do’

‘Zero truth. Just more lies and propaganda (like their shot down drone) put out by a Religious Regime that is Badly Failing and has no idea what to do.’

‘Their Economy is dead, and will get much worse. Iran is a total mess!’ Trump wrote.

Iran’s security chiefs said they smashed an American spy ring that had planted U.S. agents at ‘sensitive sites’ in the country’s nuclear, military and cyber facilities.

The 17 suspects are all Iranians, some of them recruited by a ‘visa trap’ in which the CIA would target Iranian nationals as they applied to visit America, Iran claims.

The news agency also shared photos of business cards, email addresses and LinkedIn profiles they say belong to some of the 'spies'
The news agency also shared photos of business cards, email addresses and LinkedIn profiles they say belong to some of the 'spies'

The news agency also shared photos of business cards, email addresses and LinkedIn profiles they say belong to some of the ‘spies’

A documentary that aired Monday on Iranian TV purports to show U.S. agents trying to recruit Iranian spies in the Middle East, although the footage has not been verified.

U.S. Secretary of State Mike Pompeo said in a Fox news Channel interview that Iran’s mullahs can’t be taken at their word.

‘It’s part of their nature to lie to the world,’ Pompeo said. ‘I would take with a significant grain of salt any Iranian assertion about actions they’ve taken.’

Iran says the suspects were arrested in the 12 months ending March 2019, but the regime is now publicizing the case now, just as tensions spiral in the Persian Gulf.

Tehran has been feuding with the West for weeks over the crumbling nuclear deal and a series of threats to Middle East shipping, which heightened again last week when Iran’s revolutionary guards seized a British tanker in the Straits of Hormuz.

Secretary of State Mike Pompeo has not commented on the claims specifically, but said Iran ‘has a long history of lying’.

An Iranian documentary which aired on Monday alluded to some form of strike on the US, particularly the CIA

This man was highlighted in an Iranian documentary about alleged U.S. intelligence work in Iran, as officials announced they had arrested 17 suspects. The footage has not been verified

The TV documentary also shows one woman telling an Iranian that 'there are so many intelligence officers in Dubai'

The TV documentary also shows one woman telling an Iranian that ‘there are so many intelligence officers in Dubai’

Secretary of State Mike Pompeo (left) said or Iran in a 'Fox & Friends' interview on Monday that 'it's part of their nature to lie to the world'

Secretary of State Mike Pompeo (left) said or Iran in a ‘Fox & Friends’ interview on Monday that ‘it’s part of their nature to lie to the world’

Centre of attention: Stena Impero, a British-flagged vessel owned by Stena Bulk, is seen at Bandar Abbas port on Friday after being seized by Iran

‘I would take with a significant grain of salt any Iranian assertion about actions that they’ve taken,’ he said in response to Iran’s claims.

Jason Rezaian, an Iranian journalist and formerly the Washington Post's bureau chief in Tehran who was convicted of espionage in 2015 but has always maintained he was falsely accused by his country's government, chimed in on Monday to say Iran had learned little

Speaking in Florida, he added: ‘There’s a long list of Americans that we are working to get home from the Islamic Republic of Iran.’

On Monday, a documentary which aired in Iran claimed the country had ‘dealt a blow to the U.S. foreign intelligence service’.

Jason Rezaian, an Iranian journalist and formerly the Washington Post’s bureau chief in Tehran who was convicted of espionage in 2015 but has always maintained he was falsely accused by his country’s government, chimed in: ‘5 years ago today, my wife and I were abducted from our home in Tehran, beginning a long, terrible & unjust ordeal.

‘Officials in Iran have obviously learned little from that episode, as they continue their 40 year practice of hostage taking, glorifying it at every opportunity.’

In a statement read on state television, the Ministry of Intelligence said: ‘Those who deliberately betrayed the country were handed to the judiciary… some were sentenced to death and some to long-term imprisonment,’ an intelligence spokesman told Iranian media.

‘The identified spies were employed in sensitive and vital private sector centres in the economic, nuclear, infrastructural, military and cyber areas… where they collected classified information.’

First picture inside captured tanker

Iran today paraded the crew of a British-flagged tanker captured in the Straits of Hormuz on Friday.

A picture taken inside the Stena Impero shows part of the 23-strong crew huddled on the floor under the watchful eye of a Revolutionary Guardsman.

The men are seen sitting cross-legged on the bridge of the vessel having had their shoes removed and piled up nearby.

Iran has today paraded the crew of the Stena Impero oil tanker, which sails under a British flag, after its Revolutionary Guards captured the vessel on Friday. Footage released on state TV channels showed part of the crew sitting around a table+27

Iran has today paraded the crew of the Stena Impero oil tanker, which sails under a British flag, after its Revolutionary Guards captured the vessel on Friday. Footage released on state TV channels showed part of the crew sitting around a table

The photo is the latest taunt by Iran to Britain after the regime also aired footage of their flag being raised over the vessel.

On Monday Iran also broadcast footage of the Muslim call to prayer being played from the tanker’s speakers.

Iran seized the ship in retaliation for its own vessel, the Grace 1, being stopped by Royal Marine off the coast of Gibraltar last month in which it says was an operation carried out on behalf of the US. Britain says the ship was violating EU sanctions.

Chefs are also shown preparing food in the tanker's kitchen in an attempt by Iranian authorities to prove that the crew are not being badly treated+27

Chefs are also shown preparing food in the tanker’s kitchen in an attempt by Iranian authorities to prove that the crew are not being badly treated

Iranian officials said the suspects had been gathering classified information using ‘advanced equipment’.

‘Some were approached when they were applying for a visa, while others had visas from before and were pressured by the CIA in order to renew them,’ said the intelligence chief.

‘All of the network’s members, all the 17 people, were trained by CIA officers on how to set up safe communications.’

Iran said last month that it had dismantled a spy network linked to the CIA, but it was not clear if the latest announcement was part of the same operation.

Either way, the timing of the latest announcement has raised concerns that Tehran is hardening its position in its stand-off with Western powers.

A top security official alleged the CIA used special stone-like containers to send communications tools and identity documents to its network.

‘The forgery was clumsy, showing that it was done by the CIA itself,’ he said, adding that this ‘proves’ it was government-sanctioned.

‘After they were discovered, CIA officers ordered the spies to destroy all the documents,’ he added.

The intelligence official also handed out a CD with a video recording of an alleged foreign female spy working for the CIA.

The disc also included names of several U.S. Embassy staff in Turkey, India, Zimbabwe and Austria who Iran claims were in touch with the recruited Iranian spies.

In April the regime said it had uncovered 290 U.S. spies in recent years.

The Ministry of Defence released this photo of HMS Montrose warding off Iranian Revolutionary Guard speedboats (circled) which harassed the UK-flagged tanker British Heritage on July 10

The Ministry of Defence released this photo of HMS Montrose warding off Iranian Revolutionary Guard speedboats (circled) which harassed the UK-flagged tanker British Heritage on July 10

Middle East tensions mounted again at the weekend after Iran captured the UK-flagged Stena Impero, in retaliation for a British Royal Marine operation two weeks ago in which an Iranian vessel was seized off Gibraltar.

Video footage released by Iran showed the tanker being surrounded by speedboats before troops in balaclavas descend a rope from a helicopter onto the vessel.

Authorities said they impounded the ship on allegations it failed to respond to distress calls and turned off its transponder after hitting a fishing boat.

But Iran made the link between the two separate seizures this month explicit on Saturday.

‘The rule of reciprocal action is well-known in international law,’ said Abbas Ali Kadkhodaei, a spokesman for Iran’s Guardian Council.

The Stena’s crew is made up of 18 Indians, including the captain, three Russians, a Latvian and a Filipino.

A top British representative to the UN rejected Iran’s version of events, accusing Tehran of ‘illegal interference’ and saying there was no evidence of a collision.

https://www.dailymail.co.uk/news/article-7271681/Iran-claims-arrested-17-CIA-spies.html

 

 

Iran Hands Down Death Sentences to Group of Alleged CIA Spies

Story 4: Where is The New Border Wall? — Where is Congressional Funding for New Border Barrier? — Congress Is Responsible for Crisis At The Border — New Improved Bipartisan Political Correct Chant — “Send Them All Home” Including Open Border/Citizenship For Illegal Aliens Democrats and Republicans and  Deport All 30-60 Million Illegal Aliens in United States — It Is The Law — Enforce The Law — Videos Videos

See the source image

See the source image

Trump wall President addresses nation on border ‘crisis’ BBC News

Tucker Carlson Tonight 7/22/19 | Tucker Carlson Tonight Fox News July 22, 2019

President Trump signs border aid bill

Border Wall Presentation

Major Decision Coming From The Supreme Court Over The Fate Of Trump’s Wall

Trump says Mexico has been helping the US a lot with the border crisis

Trump’s border wall still not built as US faces immigrant crisis | 60 Minutes Australia

Trump has not built a single mile of new border fence after 30 months in office

The Trump administration has not installed a single mile of new wall in a previously fenceless part of the U.S.-Mexico border in the 30 months since President Trump assumed office, despite his campaign promise to construct a “big beautiful wall.”

In a statement last week, U.S. Customs and Border Protection, the federal agency overseeing border barrier construction, confirmed that all the fencing completed since Trump took office is “in place of dilapidated designs” because the existing fence was in need of replacement.

The agency said that it had built 51 miles of steel bollard fence with funding that was set aside during fiscal 2017 and 2018. But while the funding was meant both to replace outdated walls and to place barriers where there previously had been none, the government has only completed the replacement projects. The projects to secure areas with no fence are still in the works.

The 50 miles of completed replacement barrier is a 10-mile gain since early April. In Trump’s two and a half years in office, his administration has installed an average 1.7 miles of barrier per month, and none of it in areas that did not previously have some sort of barrier. A total 205 miles of new and replacement barrier has been funded in the two and a half years since Trump took office.

A senior administration official told the Washington Examiner that Border Patrol and the Army Corps of Engineers moved faster on replacement projects than the new ones because the approval process for environmental and zoning permits was far less extensive than areas of the border with no barrier.

A second senior official defended the administration’s progress and blamed Democrats in Congress for blocking funding for additional projects the White House has tried to move on.

Despite the lack of new barriers, Trump has applauded his administration for building more border wall. His 2020 campaign has made the border wall its primary messaging.

Trump’s 2020 campaign debuted the slogan “Finish the Wall” at his first rally of 2019 in El Paso, Texas. At one point during his speech, the crowd began cheering “build that wall.” Trump responded, “Now, you really mean ‘finish that wall,’ because we’ve built a lot of it,” though he did not share numbers with the thousands of people in attendance.

The White House initially persuaded Congress to fund replacement projects in 2017, then moved in 2018 to get more money for both replacement fencing and projects in parts of the border that have no barrier.

Congress in 2017 approved $341 million for 40 miles of replacement wall in San Diego, California; Santa Teresa, North Mexico; Calexico, California; and El Paso, Texas.

“To this date, CBP has completed the construction of approximately 99 percent of the 40 miles funded in fiscal year 2017. Additionally, construction of 35 gates to close gaps in current border infrastructure in the Rio Grande Valley sector continues,” the Department of Homeland Security agency said in a statement.

In the 2018 omnibus government funding bill, lawmakers approved $1.375 billion for 80 miles of new and replacement wall in the Rio Grande Valley of Texas, various regions of California, and Yuma, Arizona. CBP said it has finished roughly 10 miles of that portion, of which none has been new fencing.

Meanwhile, the administration maintains that significant portions of new wall will be finished in the time remaining in Trump’s term. Army Corps Commanding Gen. Todd T. Semonite said earlier this spring the Corps will put up 450 miles of wall by November 2020.

However, CBP reiterated this month it is only moving on the approximately 205 miles that have been funded as of 2019, including with Treasury Forfeiture Fund dollars Trump redirected through executive action in February. The remaining 85 miles that has already been funded was proposed this year and is intended for the Rio Grande Valley of Texas — some of which is meant to be new wall.

The Trump administration was sued earlier this spring after seizing $6.6 billion in military and other department funding to use for border wall construction. The Justice Department has asked the Supreme Court to weigh in after the 9th Circuit Court of Appeals blocked the White House plan from going forward. The court is expected to rule in the next few weeks.

Roughly 700 miles of the 2,000-mile border has some sort of barrier as a result of the Secure Fence Act, which was passed by Congress during the George W. Bush administration. It was the first major piece of legislation that funded the construction of barriers along the southern border.

 

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The Pronk Pops Show 1278, June 20, 2019, Part 1– Story 1: President Trump: “Iran made a very big mistake” — Option A: Strong Message and Done , Option B: One Missile Attack and Done, Option C: Total War With Iran and World Recession Due To Spike in Oil and Gas Prices — Videos — Story 2: Federal Reserve Board Votes To Keep Federal Funds Target Range of 2.25% to 2.5% Waiting For July 2019 Jobs Report and Second Quarter Real GDP Growth Rate Number — Videos — Story 3: Creepy, Sleepy, Dopey Joey Biden in Praise of Civility of Democrat Segregationist Senators — Radical Extremist Democrats (REDS) Attack Biden — Videos — Part 2– Story 4: President Trump Pushes All The Right Buttons in 2020 Stump Speech in Orlando, Florida — Boom Boom Boom — Send Them Home — MAGA MAGA MAGA — Lock Them Up — Four More Years — Keep America Great — Win Win Win — Videos

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The Pronk Pops Show Podcasts

Pronk Pops Show 1278 June 20, 2019 

Pronk Pops Show 1277 June 19, 2019

Pronk Pops Show 1276 June 18, 2019

Pronk Pops Show 1275 June 17, 2019

Pronk Pops Show 1274 June 13, 2019

Pronk Pops Show 1273 June 12, 2019

Pronk Pops Show 1272 June 11, 2019

Pronk Pops Show 1271 June 10, 2019

Pronk Pops Show 1270 June 6, 2019

Pronk Pops Show 1269 June 5, 2019

Pronk Pops Show 1268 June 3, 2019

Pronk Pops Show 1267 May 30, 2019

Pronk Pops Show 1266 May 29, 2019

Pronk Pops Show 1265 May 28, 2019

Pronk Pops Show 1264 May 24, 2019

Pronk Pops Show 1263 May 23, 2019

Pronk Pops Show 1262 May 22, 2019

Pronk Pops Show 1261 May 21, 2019

Pronk Pops Show 1260 May 20, 2019

Pronk Pops Show 1259 May 16, 2019

Pronk Pops Show 1258 May 15, 2019

Pronk Pops Show 1257 May 14, 2019

Pronk Pops Show 1256 May 13, 2019

Pronk Pops Show 1255 May 10, 2019

Pronk Pops Show 1254 May 9, 2019

Pronk Pops Show 1253 May 8, 2019

Pronk Pops Show 1252 May 7, 2019

Pronk Pops Show 1251 May 6, 2019

Pronk Pops Show 1250 May 3, 2019

Pronk Pops Show 1249 May 2, 2019

Pronk Pops Show 1248 May 1, 2019

Pronk Pops Show 1247 April 30, 2019

Pronk Pops Show 1246 April 29, 2019

Pronk Pops Show 1245 April 26, 2019

Pronk Pops Show 1244 April 25, 2019

Pronk Pops Show 1243 April 24, 2019

Pronk Pops Show 1242 April 23, 2019

Pronk Pops Show 1241 April 18, 2019

Pronk Pops Show 1240 April 16, 2019

Pronk Pops Show 1239 April 15, 2019

Pronk Pops Show 1238 April 11, 2019

Pronk Pops Show 1237 April 10, 2019

Pronk Pops Show 1236 April 9, 2019

Pronk Pops Show 1235 April 8, 2019

Pronk Pops Show 1234 April 5, 2019

Pronk Pops Show 1233 April 4, 2019

Pronk Pops Show 1232 April 1, 2019 Part 2

Pronk Pops Show 1232 March 29, 2019 Part 1

Pronk Pops Show 1231 March 28, 2019

Pronk Pops Show 1230 March 27, 2019

Pronk Pops Show 1229 March 26, 2019

Pronk Pops Show 1228 March 25, 2019

Pronk Pops Show 1227 March 21, 2019

Pronk Pops Show 1226 March 20, 2019

Pronk Pops Show 1225 March 19, 2019

Pronk Pops Show 1224 March 18, 2019

Pronk Pops Show 1223 March 8, 2019

Pronk Pops Show 1222 March 7, 2019

Pronk Pops Show 1221 March 6, 2019

Pronk Pops Show 1220 March 5, 2019

Pronk Pops Show 1219 March 4, 2019

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Story 1: President Trump: “Iran made a very big mistake” — Option A: Strong Message and Done, Option B: One Missile Attack and Done, Option C: Total War With Iran and World Recession Due To Spike in Oil and Gas Prices — Videos —

Tucker: Washington is war-hungry

Pentagon releases footage of US drone being shot down by Iran

LIVE: President Trump first comments after Iran shoots down US Drone | June 20th 2019

US is bringing the Iranian economy to its knees: Nile Gardiner

Oil prices rise after Iran shoots down US drone

40% Chance of 2020 U.S.-Iran Military Conflict: Eurasia CEO

Iran shoots down US drone as tensions escalate

Video shows Iran shooting down US drone

Iran says it shot down US drone ‘violating Iranian air space’ amid growing tensions

Iran Shot Down U.S. Drone to Disrupt Trade in Persian Gulf, Senior U.S. Military Official Says

President Trump makes first comments after Iran shoots down U.S. Drone | ABC News Special Report

Iran says it’s ‘ready for war’

Iran shoots down US military spy drone | DW News

Iran says it will breach nuclear deal ‘in days’ as its uranium stockpile limit nears

Is The U.S. Going To War With Iran? | AJ+

Iran’s foreign minister accuses US, Mideast of provoking conflict

Iran’s Zarif thrashes Trump, “US driven by pathological obsession” (Munich Security Conference 2019)

Can air strikes take out Iran’s nuclear facilities?

Did Trump Just Blink or Bluff in Standoff With Iran?

Anthony Halpin

Bloomberg

Was it all a bluff? After news leaked that President Donald Trump approved and then called off U.S. airstrikes on Iran last night, it emerged he’d warned Tehran about an imminent attack while insisting he was against a war.

Today, as airlines began re-routing flights away from the Strait of Hormuz, Iran’s Foreign Ministry called in the Swiss ambassador, who also represents U.S. interests, for talks.

Was the outreach why Trump abandoned the strikes? Or was this the latest example of the whipsaw approach from a president who’s twice attacked Syria but also backed away from using force after lashing out at Iran and North Korea?

The leak of Trump’s about-face also speaks volumes about the battle for influence in the White House. Hardliners clearly thought they’d convinced him to back a tough response to Iran’s downing of a U.S. Navy drone. Yet Trump was elected on a pledge to pull out of Middle East wars.

The president, who governs with the cliffhanger style of his Apprentice TV show, thrives on keeping supporters hooked on dramatic twists.

But as his 2020 re-election campaign gains steam, the stakes now include the prospect of armed conflict and instability in a region that supplies a third of the world’s oil.

Global Headlines

Biden’s burden | Democratic front-runner Joe Biden is encountering the same pitfalls as other seasoned politicians who’ve found their experience and record can be a liability. The former Delaware senator’s struggles to defend his remarks this week about finding common ground with two segregationists is an early sign of the trouble he could have explaining a complicated voting record and his nostalgia for a Washington collegiality that has steadily diminished since he was first elected in 1972.

Border control | Trump praised Mexico’s efforts to crack down on migrants crossing the border into the U.S. after the two countries entered an agreement aimed at stemming the flow of people entering Mexico from Central America. Mexico will take greater control of its southern border and ask foreigners to register their arrival.

Osaka drama | Before Trump, Group of 20 summits were dull if worthy affairs. This year’s gathering in Osaka, Japan next week promises to be anything but, as the U.S. president holds talks with China’s Xi Jinping after threatening to escalate their trade conflict. The best-case scenario would be a pause in new U.S. tariffs and a resumption of negotiations that broke down in May. The worst-case would be a new Cold War between the two largest economies.

Favorites flushed | European Union leaders cast aside the candidates who’ve dominated the race to head the next EU Commission and will start from scratch less than two weeks before a self-imposed deadline. The decision at a summit in Brussels extends gridlock that has left investors in the dark over a series of critical posts including the next president of the European Central Bank.

Bad air | As climate change tops political agendas from Washington to New Delhi, there’s no solution in sight for the bad air choking Europe’s poorest countries. While the EU has focused mostly on stability in the volatile Balkans, health problems and lost productivity from air pollution cost the continent more than 10 billion euros a year. Obsolete coal plants and cars spew smog and hundreds of thousands of people burn tires, wood and trash to stay warm.

What to Watch

Boris Johnson and Jeremy Hunt will go head-to-head in the contest to become the U.K.’s next prime minister as they seek votes from the Conservative Party’s 160,000 grassroots members over the next month. Ukraine’s Constitutional Court threw out a challenge to a decree by President Volodymyr Zelenskiy ordering early parliamentary elections. The ruling confirmed a vote will take place next month and a new government should be in place by the fall. Turkey reruns the election for mayor of Istanbul on Sunday, pitting former prime minister and ruling AK Party candidate Binali Yildirim against opposition challenger Ekrem Imamoglu, who was stripped of his narrow victory in the March 31 ballot.

And finally…The U.K. is poised to generate more energy from low-carbon sources than from fossil fuels for the first time since the Industrial Revolution. Wind, solar, hydro and nuclear plants provided 48% of the nation’s power in the first five months of this year. The U.K. has gone without burning coal, the dirtiest fossil fuel, for the equivalent of 80 days so far in 2019, including one stretch of 18 days in a row.

–With assistance from Kathleen Hunter and Daniel Ten Kate.

https://news.yahoo.com/did-trump-just-blink-bluff-100815556.html

Trump says Iran made ‘big mistake’ by taking down US drone

today

President Donald Trump speaks during a meeting with Canadian Prime Minister Justin Trudeau in the Oval Office of the White House, Thursday, June 20, 2019, in Washington. Trump declared Thursday that “Iran made a very big mistake” in shooting down a U.S. drone but suggested it was an accident rather than a strategic error. (AP Photo/Evan Vucci)

WASHINGTON (AP) — President Donald Trump declared Thursday that “Iran made a very big mistake” by shooting down a U.S. surveillance drone over the Strait of Hormuz but suggested it was a foolish error rather than an intentional escalation of the tensions that have led to rising fears of open military conflict.

Asked about a U.S. response, the president said pointedly, “You’ll soon find out.”

The downing of the huge, unmanned aircraft , which Iran portrayed as a deliberate defense of its territory rather than a mistake, was a stark reminder of the risk of military conflict between U.S. and Iranian forces as the Trump administration combines a “maximum pressure” campaign of economic sanctions against Iran with a buildup of American forces in the region.

The drone — which has a wingspan wider than a Boeing 737 — entered Iranian airspace “despite repeated radio warnings” and was shot down by Iran, acting under the U.N. Charter which allows self-defense action “if an armed attack occurs,” Iran’s U.N. Ambassador Majid Takht Ravanchi said in a letter to the U.N. secretary-general.

Donald Trump is playing down Iran's downing of an American drone, saying that it might have been a mistake executed by someone just being "loose and stupid." He said it was a "new wrinkle" in escalating tensions between the U.S. and Iran. (June 20)

Trump, who has said he wants to avoid war and negotiate with Iran over its nuclear ambitions, appeared to play down the significance of the shootdown.

He cast it as “a new wrinkle … a new fly in the ointment.” Yet he also said that “this country will not stand for it, that I can tell you.”

Shortly before Trump spoke, Air Force Lt. Gen. Joseph Guastella, commander of U.S. Central Command air forces in the region, took a more pointed view of the shootdown in an area where Trump has blamed Iran for attacking shipping vessels.

“This attack is an attempt to disrupt our ability to monitor the area following recent threats to international shipping and free flow of commerce,” he said.

The Trump administration has been putting increasing economic pressure on Iran for more than a year. It reinstated punishing sanctions following Trump’s decision to pull the U.S. out of an international agreement intended to limit Iran’s nuclear program in exchange for relief from earlier sanctions.

The other world powers who remain signed on to the nuclear deal have set a meeting to discuss the U.S. withdrawal and Iran’s announced plans to increase its uranium stockpile for June 28, a date far enough in the future to perhaps allow tensions to cool.

Citing Iranian threats, the U.S. recently sent an aircraft carrier to the Persian Gulf region and deployed additional troops alongside the tens of thousands already there. All this has raised fears that a miscalculation or further rise in tensions could push the U.S. and Iran into an open conflict 40 years after Tehran’s Islamic Revolution.

“We do not have any intention for war with any country, but we are fully ready for war,” Revolutionary Guard commander Gen. Hossein Salami said in a televised address.

The paramilitary Guard, which answers only to Supreme Leader Ayatollah Ali Khamenei, said it shot down the drone at 4:05 a.m. Thursday when it entered Iranian airspace near the Kouhmobarak district in southern Iran’s Hormozgan province. Kouhmobarak is about 1,200 kilometers (750 miles) southeast of Tehran.

The first U.S. reaction was Trump’s Thursday morning tweet of six forceful words: “Iran made a very big mistake.”

But later, while meeting with Canadian Prime Minister Justin Trudeau, Trump said, “I would imagine it was a general or somebody that made a mistake in shooting that drone down.

He said the American drone was unarmed and unmanned and “clearly over international waters.” It would have “made a big, big difference” if someone had been inside, he said.

“I find it hard to believe it was intentional, if you want to know the truth,” Trump said. “I think that it could have been somebody who was loose and stupid that did it.”

Taking issue with the U.S. version of where the attack occurred, Iranian Foreign Minister Mohammad Javad Zarif tweeted that his country had retrieved sections of the military drone “in OUR territorial waters where it was shot down.” He said, “We don’t seek war but will zealously defend our skies, land & waters.”

U.S. Gen. Guastella disputed that contention, telling reporters that the aircraft was 34 kilometers (21 miles) from the nearest Iranian territory and flying at high altitude when struck by a surface-to-air missile. The U.S. military has not commented on the mission of the remotely piloted aircraft that can fly higher than 10 miles in altitude and stay in the air for over 24 hours at a time.

One U.S. official said there was a second American aircraft in the area that was able to get video and imagery of the drone when it was shot down.

Congressional leaders came to the White House for an hour-long briefing in the Situation Room late Thursday with top national security officials including Secretary of State Mike Pompeo, CIA Director Gina Haspel, Joint Chiefs Chairman Gen. Joseph Dunford acting Defense Secretary Patrick Shanahan and Army Secretary Mark Esper, whom Trump has said he’ll nominate as Pentagon chief.

The Senate’s top Democrat called the downing of the American drone “deeply concerning” and accused the administration of not having an Iran strategy and keeping Congress and the rest of the nation in the dark.

“The president needs to explain to the American people why he’s driving us toward another endless conflict in the Middle East,” said Sen. Chuck Schumer of New York.

House Speaker Nancy Pelosi said she didn’t think Trump wanted war with Iran and the American people have “no appetite” for it either. She said the U.S. needs to be “strong and strategic” about protecting its interests but “cannot be reckless.”

Talking tougher, Republican Sen. Lindsey Graham of South Carolina called Iran a “murderous regime” and said, “If they’re itching for a fight they’re going to get one.”

“We’re a lot closer today than we were yesterday, and only God knows what tomorrow brings,” said Graham, a Trump ally who talked with the president by telephone.

The senator also focused on the issue of Iran’s nuclear ambitions, saying its leaders have refused to negotiate after Trump withdrew the U.S. from the international agreement to limit Iranian development of nuclear weapons.

Graham said it’s imperative that the U.S. clearly tell the Iranians that any attempt to increase uranium enrichment will be seen as a “hostile act against the United States and our allies in Israel and will not go unanswered.”

Another factor: This all comes as Trump is launching his re-election campaign. He ran for president promising to bring American troops home from the Middle East and Afghanistan and has repeatedly said he wants to keep America out of “endless wars.”

Ari Fleischer, who was press secretary for President George W. Bush, cautioned against thinking about politics when weighing any response to Iran.

“I suspect a successful limited counter-strike, such as taking out the missile battery that fired at the drone or the sinking of an unmanned Iranian vessel, would be seen as a well-calibrated show of resolve and discipline,” Fleischer said in an interview. He added that “if we do nothing, Iran may strike again thinking it has impunity.”

https://apnews.com/84ad15edb7324472bb867852059a0a7a

Iran shoots down US surveillance drone, heightening tensions

29 minutes ago

In this Oct. 24, 2018, photo released by the U.S. Air Force, members of the 7th Reconnaissance Squadron prepare to launch an RQ-4 Global Hawk at Naval Air Station Sigonella, Italy. Iran’s Revolutionary Guard shot down a U.S. RQ-4 Global Hawk on Thursday, June 20, 2019, amid heightened tensions between Tehran and Washington over its collapsing nuclear deal with world powers, American and Iranian officials said, though they disputed the circumstances of the incident. (Staff Sgt. Ramon A. Adelan/U.S. Air Force via AP)

TEHRAN, Iran (AP) — Iran’s Revolutionary Guard shot down a U.S. surveillance drone Thursday in the Strait of Hormuz, marking the first time the Islamic Republic directly attacked the American military amid tensions over Tehran’s unraveling nuclear deal with world powers.

The two countries disputed the circumstances leading up to an Iranian surface-to-air missile bringing down the U.S. Navy RQ-4A Global Hawk, an unmanned aircraft with a wingspan larger than a Boeing 737 jetliner and costing over $100 million.

Iran said the drone “violated” its territorial airspace, while the U.S. called the missile fire “an unprovoked attack” in international airspace over the narrow mouth of the Persian Gulf and President Donald Trump tweeted that “Iran made a very big mistake!”

Trump later appeared to play down the incident, telling reporters in the Oval Office that he had a feeling that “a general or somebody” being “loose and stupid” made a mistake in shooting down the drone.

AP Graphic

The incident immediately heightened the crisis already gripping the wider region, which is rooted in Trump withdrawing the U.S. a year ago from Iran’s 2015 nuclear deal and imposing crippling new sanctions on Tehran. Recently, Iran quadrupled its production of low-enriched uranium to be on pace to break one of the deal’s terms by next week while threatening to raise enrichment closer to weapons-grade levels on July 7 if Europe doesn’t offer it a new deal.

Citing unspecified Iranian threats, the U.S. has sent an aircraft carrier to the Middle East and deployed additional troops alongside the tens of thousands already there. All this has raised fears that a miscalculation or further rise in tensions could push the U.S. and Iran into an open conflict 40 years after Tehran’s Islamic Revolution.

“We do not have any intention for war with any country, but we are fully ready for war,” Revolutionary Guard commander Gen. Hossein Salami said in a televised address.

The paramilitary Guard, which answers only to Supreme Leader Ayatollah Ali Khamenei, said it shot down the drone at 4:05 a.m. Thursday when it entered Iranian airspace near the Kouhmobarak district in southern Iran’s Hormozgan province. Kouhmobarak is about 1,200 kilometers (750 miles) southeast of Tehran.

Iran’s Revolutionary Guard commander Gen. Hossein Salami. (Sepahnews via AP)

The drone took off from the southern Persian Gulf and collected data from Iranian territory, including the southern port of Chahbahar near Iran’s border with Pakistan, the Guard said in comments that appeared aimed at showing it could track the aircraft.

The U.S. military has not commented on the mission of the remotely piloted aircraft that can fly higher than 10 miles in altitude and stay in the air for over 24 hours at a time.

Iran used its air defense system known as Third of Khordad to shoot down the drone — a truck-based missile system that can fire up to 18 miles (30 kilometers) into the sky, the semi-official Fars news agency reported.

Iranian state TV later broadcast video it described as the moment the Guard launched the surface-to-air missile that struck the U.S. drone. Chants of “God is great!” could be heard as a fireball appeared in the darkened sky.

Typically, militaries worldwide call out to errant aircraft entering their airspace before firing. It’s unclear whether Iran gave any warning before opening fire. The U.S. military says Iran fired on and missed another drone last week near the Strait of Hormuz, the narrow mouth of the Persian Gulf through which 20% of all global oil moves.

The U.S. has been worried about international shipping through the strategic waterway since tankers were damaged in May and June in what Washington has blamed on limpet mines from Iran, although Tehran denied involvement.. On Wednesday in the United Arab Emirates, the U.S. Navy showed fragments of mines that it said bore “a striking resemblance” to those seen in Iran

The RQ-4 Global Hawk was at least 34 kilometers from Iranian territory when it was shot down by an Iranian surface-to-air missile, said Air Force Lt. Gen. Joseph Guastella, commander of the U.S. Central Command. He said it was an attempt to disrupt U.S. efforts to monitor the Persian Gulf region.

But Salami, speaking to a crowd in the western city of Sanandaj, described the American drone as “violating our national security border.”

“Borders are our red line,” the Revolutionary Guard general said. “Any enemy that violates the borders will be annihilated.”

Iran’s Foreign Ministry also said the drone entered Iranian airspace, and Foreign Minister Mohammad Javad Zarif tweeted it would take its case to the U.N. He later tweeted that Iran retrieved parts of the drone in its territorial waters.

Russian President Vladimir Putin urged caution, warning any war between Iran and the U.S. would be a “catastrophe for the region as a minimum.”

Israeli Prime Minister Benjamin Netanyahu urged support for U.S. efforts to halt what he called escalating Iranian provocations.

“In the last 24 hours, Iran has intensified its aggression against the United States and against all of us,” he said.

U.N. Secretary-General Antonio Guterres expressed concern and urged all parties to “avoid any action that could inflame the situation,” said U.N. spokesman Stephane Dujarric.

America stations some RQ-4 Global Hawks at the Al-Dhafra Air Base in the UAE, near the capital of Abu Dhabi. Associated Press journalists saw the drones on the base’s tarmac during a March 2016 visit by then-Vice President Joe Biden. The U.S. military occasionally publishes images from there of the drones, which have a distinctive hump-shaped front and an engine atop the fuselage.

Iran has claimed to have shot down U.S. drones before. In the most famous incident, in December 2011, Iran seized an RQ-170 Sentinel flown by the CIA to monitor Iranian nuclear sites after it entered Iranian airspace from neighboring Afghanistan. Iran later reverse-engineered the drone to create their own variants.

Elsewhere in the region Thursday, Saudi Arabia said Yemen’s Iranian-backed Houthi rebels fired a rocket at a desalination plant in al-Shuqaiq, a city in the kingdom’s Jizan province. The state-run Saudi Press Agency quoted military spokesman Col. Turki al-Maliki as saying it caused no damage or casualties.

The Yemeni rebel Al-Masirah satellite news channel earlier said the Houthis targeted a power plant in Jizan, near the kingdom’s border with Yemen, with a cruise missile.

A coalition led by Saudi Arabia, a key U.S. ally, has been battling the Houthis since March 2015 in Yemen, the Arab world’s poorest nation now pushed to the brink of famine by the conflict. In recent weeks, the Houthis have launched a new campaign sending missiles and bomb-laden drones into Saudi Arabia.

https://apnews.com/e4316eb989d5499c9828350de8524963

 

 

Story 2: Federal Reserve Board Votes To Keep Federal Funds Target Range of 2.25% to 2.5% Waiting For July 2019 Jobs Report and Second Quarter Real GDP Growth Rate Number — Videos

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Trump slams Fed over interest rate policy

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Trump expected Powell to be a ‘cheap-money’ Fed chairman

S&P 500 closes at new record as Wall Street bets Fed will lower rates, Dow surges nearly 250 points

VIDEO02:12
The S&P 500 just closed at a record high — Here’s what four experts say to watch

Stocks rallied on Thursday, led by strong gains in tech and energy shares, as Wall Street cheered the possibility that the Federal Reserve will cut interest rates next month.

The S&P 500 surged 1% to 2,954.18, a record close. The broad index also hit an intraday record of 2,958.06. The Dow Jones Industrial Average closed 249.17 points higher at 26,753.17. The Nasdaq Composite gained 0.8% to end the day at 8,051.34.

The yield on the 10-year Treasury fell below 2% for the first time since November 2016. Investors cheered the decline in the benchmark for mortgage rates and corporate bonds.

The energy sector rose more than 2% to lead all 11 S&P 500 sectors higher as oil prices jumped. Tech gained 1.4% after shares of Oracle surged more than 8% on stronger-than-forecast earnings. General Electric’s 2.8% rise pushed the industrials sector up more than 1.6% on the day.

“Markets are based on numbers and perception. If the perception is rates are getting cut, that’s going to drive markets higher,” said Kathy Entwistle, senior vice president of wealth management at UBS. “UBS’ stance up until yesterday was we wouldn’t see any rate cuts this year. Now we see a much larger chance of a 50-basis-point cut.”

The Fed said Wednesday it stands ready to battle growing global and domestic economic risks as they took stock of intensifying trade tensions and growing concerns about inflation. Most Fed policymakers slashed their rate outlook for the rest of the calendar year by approximately half a percentage point in the previous session, while Chairman Jerome Powell said others agree the case for lower rates is building.

Policymakers also dropped “patient” from the Fed’s statement and acknowledged that inflation is “running below” its 2% objective.

Market participants viewed the overall tone from the U.S. central bank as more dovish than expected. Traders are now pricing in a 100% chance of a rate cutnext month, according to the CME FedWatch tool.

With Thursday’s gains, the market has now erased the steep losses recorded by the major indexes in May, which were sparked by trade fears. The S&P 500 and Dow both fell more than 6% while the Nasdaq lost 7.9% last month. The three indexes were up more than 7% for June.

China and the U.S. hiked tariffs on billions of dollars worth of their goods in May. Stocks turned around this month as traders bet the rising trade tensions, coupled with weaker economic data, would lead the Fed to ease its monetary policy stance.

The Fed’s message on Wednesday sent the 10-year Treasury yield to as low as 1.974% before ending the day around 2.02%. The yield stood at 2.8% in January.

“The FOMC reinforced the market’s conviction,” said Steve Blitz, chief U.S. economist at TS Lombard, in a note. “Barring a dramatic turnaround in the data, the next move is a cut – perhaps even a 50bp reduction.”

The dollar also took a hit against other major currencies. The dollar index dropped 0.5% to 96.65, led by a 0.6% slide in the euro. The yen and Canadian dollar also rose against the U.S. currency.

Energy shares got a boost from higher oil prices. The Energy Select Sector SPDR Fund (XLE) climbed 2.2% as shares of Exxon Mobil gained 1.7%. Oil prices surged 5.4% after a U.S. official said a drone was shot down over Iranian airspace.

Meanwhile, Slack shares surged more than 40% in their first day of trading. The stock closed above $38 after setting a reference price of $26.

https://www.cnbc.com/2019/06/20/stock-market-dow-futures-higher-after-fed-raises-rate-cut-hopes.html

Federal Open Market Committee

About the FOMC

Recent FOMC press conference

June 19, 2019

FOMC Transcripts and other historical materials

The term “monetary policy” refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy.

The Federal Reserve controls the three tools of monetary policy–open market operationsthe discount rate, and reserve requirements. The Board of Governors of the Federal Reserve System is responsible for the discount rate and reserve requirements, and the Federal Open Market Committee is responsible for open market operations. Using the three tools, the Federal Reserve influences the demand for, and supply of, balances that depository institutions hold at Federal Reserve Banks and in this way alters the federal funds rate. The federal funds rate is the interest rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight.

Changes in the federal funds rate trigger a chain of events that affect other short-term interest rates, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including employment, output, and prices of goods and services.

Structure of the FOMC

The Federal Open Market Committee (FOMC) consists of twelve members–the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of Banks, one Bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. Nonvoting Reserve Bank presidents attend the meetings of the Committee, participate in the discussions, and contribute to the Committee’s assessment of the economy and policy options.

The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.

For more detail on the FOMC and monetary policy, see section 2 of the brochure on the structure of the Federal Reserve Systemand chapter 2 of Purposes & Functions of the Federal Reserve System. FOMC Rules and Authorizations are also available online.

2019 Committee Members

Alternate Members

Federal Reserve Bank Rotation on the FOMC

Committee membership changes at the first regularly scheduled meeting of the year.

2020 2021 2022
Members New York
Cleveland
Philadelphia
Dallas
Minneapolis
New York
Chicago
Richmond
Atlanta
San Francisco
New York
Cleveland
Boston
St. Louis
Kansas City
Alternate
Members
New York
Chicago
Richmond
Atlanta
San Francisco
New York
Cleveland
Boston
St. Louis
Kansas City
New York
Chicago
Philadelphia
Dallas
Minneapolis

 †For the Federal Reserve Bank of New York, the First Vice President is the alternate for the President. Return to table

For additional information, please use the FOMC FOIA request form.

https://www.federalreserve.gov/monetarypolicy/fomc.htm

 

Fed holds rates steady, but opens the door for a rate cut in the future

The action sets up a possible confrontation between Fed Chairman Jerome Powell and President Donald Trump, who has been pressuring the Fed to cut rates. Just Tuesday, Trump said “let’s see what he does” at the Fed meeting when asked if he still wants to demote Powell.

At the post-statement news conference, Powell was asked about his future as chairman. “I think the law is clear that I have a four year term, and I fully intend to serve it,” he said.

The strong majority for this month’s decision contrasted with a sharp difference of opinion on what happens next.

The committee provided an important nod to those worried about slower growth: It dropped the word “patient” in  describing its approach to policy. The characterization was a key part of the Fed “pivot” earlier this year that signaled to the market a more dovish approach to rates.

“The Fed didn’t surprise investors with the decision to maintain rates, but the split vote tells us that a cut is on the way and it’s increasingly likely that will be in July, as bond markets have been hoping,” said Neil Birrell, chief investment officer at Premier Asset Management.

“This was probably the compromise decision — it wasn’t shocking and should offer some reassurance,” Steve Rick, chief economist at CUNA Mutual Group, said in a note. “The FOMC will still want to closely monitor the stress fractures from the bond market, middling housing and auto sales numbers, and an increasingly uncertain global economic landscape in the coming months.”

The statement also changed wording to concede that inflation is “running below” the Fed’s 2% objective. In their forecast for headline inflation this year, officials slashed the estimate to 1.5% from March’s 1.8%. Core inflation, which excludes volatile food and energy prices, is likely now to be 1.8% from March’s 2%, according to the quarterly summary of economic projections also released Wednesday.

‘In light of these uncertainties’

The committee changed language from its May statement to indicate that economic activity is “rising at a moderate rate,” a downgrade from “solid.”

In their baseline scenario, FOMC members said they still expect “sustained expansion of economic activity” and a move toward 2% inflation, but realize that “uncertainties about this outlook have increased.”

“In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective,” the statement said. The “act as appropriate to sustain the expansion” language mirrors a statement from Powell in early June.

Very reasonable to think Fed will cut rates twice this year: Strategist

The committee characterized the labor market as “strong” with “solid” jobs growth, despite May’s disappointing nonfarm payrolls growth of 75,000. The statement further said that household spending “appears to have picked up from earlier in the year.”

The changes came amid what appeared to be little consensus among the committee about where rates go next.

Divided Fed

According to the “dot plot” of individual members’ expectations, eight members favor one cut this year while the same number voted in favor of the status quo and one still wants a rate hike. Bullard and Minneapolis Fed President Neel Kashkari have led the public discussion about the potential for rate cuts, while other members have been less firm.

Into 2020, the Fed consensus was a bit stronger, with nine members wanting a cut to a funds rate around 2.1%. The direction changes, though, in 2021, with indications of an increase of about a quarter-point, culminating in an expected long-run value of 2.5%. The funds rate most recently was trading at 2.37%.

Traders in the thin and volatile funds market had been pricing in a 26% chance of a cut at this week’s meeting. Later in the year, though, the probability for a July easing rose to 82.5% and the chances of a second cut in December were most recently at 60.4%. The market expects a third cut to come around March of 2020.

While the statement language offered some significant changes, estimates in the summary of economic projections, other than inflation, moved little from March. GDP growth is still expected to be 2.1% for the year – it was 3.1% in the first quarter, and the Atlanta Fed is forecasting a 2% gain in the second quarter. The unemployment rate is now expected to hold at a 50-year low of 3.6%, against the March forecast of 3.7%.

https://www.cnbc.com/2019/06/19/fed-decision-fed-leaves-rates-unchanged.html

10-year Treasury yield drops below 2% for first time since November 2016

Federal funds rate

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Federal Funds Rate compared to U.S. Treasury interest rates

2 to 10 year treasury yield spread

Inflation (blue) compared to federal funds rate (red)

Quarterly gross domestic product compared to Federal Funds Rate.

Federal Funds Rate and Treasury interest rates from 2002-2019

In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. Reserve balances are amounts held at the Federal Reserve to maintain depository institutions’ reserve requirements. Institutions with surplus balances in their accounts lend those balances to institutions in need of larger balances. The federal funds rate is an important benchmark in financial markets.[1][2]

The interest rate that the borrowing bank pays to the lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the federal funds effective rate.

The federal funds target rate is determined by a meeting of the members of the Federal Open Market Committee which normally occurs eight times a year about seven weeks apart. The committee may also hold additional meetings and implement target rate changes outside of its normal schedule.

The Federal Reserve uses open market operations to make the federal funds effective rate follow the federal funds target rate. The target rate is chosen in part to influence the money supply in the U.S. economy[3]

Contents

Mechanism

Financial institutions are obligated by law to maintain certain levels of reserves, either as reserves with the Fed or as vault cash. The level of these reserves is determined by the outstanding assets and liabilities of each depository institution, as well as by the Fed itself, but is typically 10%[4] of the total value of the bank’s demand accounts (depending on bank size). In the range of $9.3 million to $43.9 million, for transaction deposits (checking accountsNOWs, and other deposits that can be used to make payments) the reserve requirement in 2007–2008 was 3 percent of the end-of-the-day daily average amount held over a two-week period. Transaction deposits over $43.9 million held at the same depository institution carried a 10 percent reserve requirement.

For example, assume a particular U.S. depository institution, in the normal course of business, issues a loan. This dispenses money and decreases the ratio of bank reserves to money loaned. If its reserve ratio drops below the legally required minimum, it must add to its reserves to remain compliant with Federal Reserve regulations. The bank can borrow the requisite funds from another bank that has a surplus in its account with the Fed. The interest rate that the borrowing bank pays to the lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the federal funds effective rate.

The federal funds target rate is set by the governors of the Federal Reserve, which they enforce by open market operations and adjustments in the interest rate on reserves.[5] The target rate is almost always what is meant by the media referring to the Federal Reserve “changing interest rates.” The actual federal funds rate generally lies within a range of that target rate, as the Federal Reserve cannot set an exact value through open market operations.

Another way banks can borrow funds to keep up their required reserves is by taking a loan from the Federal Reserve itself at the discount window. These loans are subject to audit by the Fed, and the discount rate is usually higher than the federal funds rate. Confusion between these two kinds of loans often leads to confusion between the federal funds rate and the discount rate. Another difference is that while the Fed cannot set an exact federal funds rate, it does set the specific discount rate.

The federal funds rate target is decided by the governors at Federal Open Market Committee (FOMC) meetings. The FOMC members will either increase, decrease, or leave the rate unchanged depending on the meeting’s agenda and the economic conditions of the U.S. It is possible to infer the market expectations of the FOMC decisions at future meetings from the Chicago Board of Trade (CBOT) Fed Funds futures contracts, and these probabilities are widely reported in the financial media.

Applications

Interbank borrowing is essentially a way for banks to quickly raise money. For example, a bank may want to finance a major industrial effort but may not have the time to wait for deposits or interest (on loan payments) to come in. In such cases the bank will quickly raise this amount from other banks at an interest rate equal to or higher than the Federal funds rate.

Raising the federal funds rate will dissuade banks from taking out such inter-bank loans, which in turn will make cash that much harder to procure. Conversely, dropping the interest rates will encourage banks to borrow money and therefore invest more freely.[6] This interest rate is used as a regulatory tool to control how freely the U.S. economy operates.

By setting a higher discount rate the Federal Bank discourages banks from requisitioning funds from the Federal Bank, yet positions itself as a lender of last resort.

Comparison with LIBOR

Though the London Interbank Offered Rate (LIBOR) and the federal funds rate are concerned with the same action, i.e. interbank loans, they are distinct from one another, as follows:

  • The target federal funds rate is a target interest rate that is set by the FOMC for implementing U.S. monetary policies.
  • The (effective) federal funds rate is achieved through open market operations at the Domestic Trading Desk at the Federal Reserve Bank of New York which deals primarily in domestic securities (U.S. Treasury and federal agencies’ securities).[7]
  • LIBOR is based on a questionnaire where a selection of banks guess the rates at which they could borrow money from other banks.
  • LIBOR may or may not be used to derive business terms. It is not fixed beforehand and is not meant to have macroeconomic ramifications.[8]

Predictions by the market

Considering the wide impact a change in the federal funds rate can have on the value of the dollar and the amount of lending going to new economic activity, the Federal Reserve is closely watched by the market. The prices of Option contracts on fed funds futures (traded on the Chicago Board of Trade) can be used to infer the market’s expectations of future Fed policy changes. Based on CME Group 30-Day Fed Fund futures prices, which have long been used to express the market’s views on the likelihood of changes in U.S. monetary policy, the CME Group FedWatch tool allows market participants to view the probability of an upcoming Fed Rate hike. One set of such implied probabilities is published by the Cleveland Fed.

Historical rates

As of 19 December 2018 the target range for the Federal Funds Rate is 2.25–2.50%.[9] This represents the ninth increase in the target rate since tightening began in December 2015.[10]

The last full cycle of rate increases occurred between June 2004 and June 2006 as rates steadily rose from 1.00% to 5.25%. The target rate remained at 5.25% for over a year, until the Federal Reserve began lowering rates in September 2007. The last cycle of easing monetary policy through the rate was conducted from September 2007 to December 2008 as the target rate fell from 5.25% to a range of 0.00–0.25%. Between December 2008 and December 2015 the target rate remained at 0.00–0.25%, the lowest rate in the Federal Reserve’s history, as a reaction to the Financial crisis of 2007–2008 and its aftermath. According to Jack A. Ablin, chief investment officer at Harris Private Bank, one reason for this unprecedented move of having a range, rather than a specific rate, was because a rate of 0% could have had problematic implications for money market funds, whose fees could then outpace yields.[11]

Federal funds rate history and recessions.png

Explanation of federal funds rate decisions

When the Federal Open Market Committee wishes to reduce interest rates they will increase the supply of money by buying government securities. When additional supply is added and everything else remains constant, the price of borrowed funds – the federal funds rate – falls. Conversely, when the Committee wishes to increase the federal funds rate, they will instruct the Desk Manager to sell government securities, thereby taking the money they earn on the proceeds of those sales out of circulation and reducing the money supply. When supply is taken away and everything else remains constant, the interest rate will normally rise.[12]

The Federal Reserve has responded to a potential slow-down by lowering the target federal funds rate during recessions and other periods of lower growth. In fact, the Committee’s lowering has recently predated recessions,[13] in order to stimulate the economy and cushion the fall. Reducing the federal funds rate makes money cheaper, allowing an influx of credit into the economy through all types of loans.

The charts linked below show the relation between S&P 500 and interest rates.

  • July 13, 1990 — Sept 4, 1992: 8.00%–3.00% (Includes 1990–1991 recession)[14][15]
  • Feb 1, 1995 — Nov 17, 1998: 6.00–4.75 [16][17][18]
  • May 16, 2000 — June 25, 2003: 6.50–1.00 (Includes 2001 recession)[19][20][21]
  • June 29, 2006 — (Oct. 29 2008): 5.25–1.00[22]
  • Dec 16, 2008 — 0.0–0.25[23]
  • Dec 16, 2015 — 0.25–0.50[24]
  • Dec 14, 2016 — 0.50–0.75[25]
  • Mar 15, 2017 — 0.75–1.00[26]
  • Jun 14, 2017 — 1.00–1.25[27]
  • Dec 13, 2017 — 1.25–1.50[28]
  • Mar 21, 2018 — 1.50–1.75[29]
  • Jun 13, 2018 — 1.75–2.00[30]
  • Sep 26, 2018 — 2.00–2.25[9]
  • Dec 19, 2018 — 2.25–2.50[31]

Bill Gross of PIMCO suggested that in the prior 15 years ending in 2007, in each instance where the fed funds rate was higher than the nominal GDP growth rate, assets such as stocks and housing fell.[32]

International effects

A low federal funds rate makes investments in developing countries such as China or Mexico more attractive. A high federal funds rate makes investments outside the United States less attractive. The long period of a very low federal funds rate from 2009 forward resulted in an increase in investment in developing countries. As the United States began to return to a higher rate in 2013 investments in the United States became more attractive and the rate of investment in developing countries began to fall. The rate also affects the value of currency, a higher rate increasing the value of the U.S. dollar and decreasing the value of currencies such as the Mexican peso.[33]

See also

References

  1. ^ “Fedpoints: Federal Funds”Federal Reserve Bank of New York. August 2007. Retrieved October 2, 2011.
  2. ^ “The Implementation of Monetary Policy”. The Federal Reserve System: Purposes & Functions(PDF). Washington, D.C.: Federal Reserve Board. August 24, 2011. p. 4. Retrieved October 2, 2011.
  3. ^ “Monetary Policy, Open Market Operations”. Federal Reserve Bank. January 30, 2008. Archived from the original on April 13, 2001. Retrieved January 30, 2008.
  4. ^ “Reserve Requirements”. Board of Governors of The Federal Reserve System. December 16, 2015.
  5. ^ Stefan Homburg (2017) A Study in Monetary Macroeconomics, Oxford University Press, ISBN978-0-19-880753-7.
  6. ^ “Fed funds rate”. Bankrate, Inc. March 2016.
  7. ^ Cheryl L. Edwards (November 1997). Gerard Sinzdak. “Open Market Operations in the 1990s”(PDF)Federal Reserve Bulletin (PDF).
  8. ^ “BBA LIBOR – Frequently asked questions”. British Bankers’ Association. March 21, 2006. Archived from the original on February 16, 2007.
  9. Jump up to:ab “Federal Reserve issues FOMC statement” (Press release). Board of Governors of the Federal Reserve System. December 19, 2018. Retrieved June 2, 2019.
  10. ^ Tankersley, Jim (March 21, 2018). “Fed Raises Interest Rates for Sixth Time Since Financial Crisis”The New York Times. Retrieved March 22, 2018.
  11. ^ “4:56 p.m. US-Closing Stocks”. Associated Press. December 16, 2008. Archived from the original on July 18, 2012.
  12. ^ David Waring (February 19, 2008). “An Explanation of How The Fed Moves Interest Rates”. InformedTrades.com. Archived from the original on May 5, 2015. Retrieved July 20, 2009.
  13. ^ “Historical Changes of the Target Federal Funds and Discount Rates, 1971 to present”. New York Federal Reserve Branch. February 19, 2010. Archived from the original on December 21, 2008.
  14. ^ “$SPX 1990-06-12 1992-10-04 (rate drop chart)”. StockCharts.com.
  15. ^ “$SPX 1992-08-04 1995-03-01 (rate rise chart)”. StockCharts.com.
  16. ^ “$SPX 1995-01-01 1997-01-01 (rate drop chart)”. StockCharts.com.
  17. ^ “$SPX 1996-12-01 1998-10-17 (rate drop chart)”. StockCharts.com.
  18. ^ “$SPX 1998-09-17 2000-06-16 (rate rise chart)”. StockCharts.com.
  19. ^ “$SPX 2000-04-16 2002-01-01 (rate drop chart)”. StockCharts.com.
  20. ^ “$SPX 2002-01-01 2003-07-25 (rate drop chart)”. StockCharts.com.
  21. ^ “$SPX 2003-06-25 2006-06-29 (rate rise chart)”. StockCharts.com.
  22. ^ “$SPX 2006-06-29 2008-06-01 (rate drop chart)”. StockCharts.com.
  23. ^ “Press Release”. Board of Governors of The Federal Reserve System. December 16, 2008.
  24. ^ “Open Market Operations”. Board of Governors of The Federal Reserve System. December 16, 2015.
  25. ^ “Decisions Regarding Monetary Policy Implementation”. Board of Governors of The Federal Reserve System. Archived from the original on December 15, 2016.
  26. ^ Cox, Jeff (March 15, 2017). “Fed raises rates at March meeting”CNBC. Retrieved March 15, 2017.
  27. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. June 14, 2017.
  28. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. December 13, 2017.
  29. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. March 21, 2018.
  30. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. June 13, 2018.
  31. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. December 19, 2018.
  32. ^ Shaw, Richard (January 7, 2007). “The Bond Yield Curve as an Economic Crystal Ball”. Retrieved April 3, 2011.
  33. ^ Peter S. Goodman, Keith Bradsher and Neil Gough (March 16, 2017). “The Fed Acts. Workers in Mexico and Merchants in Malaysia Suffer”The New York Times. Retrieved March 18,2017Rising interest rates in the United States are driving money out of many developing countries, straining governments and pinching consumers around the globe.

External links

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

The Impact of an Inverted Yield Curve

The term yield curve refers to the relationship between the short- and long-term interest rates of fixed-income securities issued by the U.S. Treasury. An inverted yield curve occurs when short-term interest rates exceed long-term rates.

From an economic perspective, an inverted yield curve is a noteworthy event. Below, we explain this rare phenomenon, discuss its impact on consumers and investors, and tell you how to adjust your portfolio to account for it.

Interest Rates and Yield Curves

Typically, short-term interest rates are lower than long-term rates, so the yield curve slopes upwards, reflecting higher yields for longer-term investments. This is referred to as a normal yield curve. When the spread between short-term and long-term interest rates narrows, the yield curve begins to flatten. A flat yield curve is often seen during the transition from a normal yield curve to an inverted one.

Normal Yield Curve

Figure 1 – A normal yield curve

What Does an Inverted Yield Curve Suggest?

Historically, an inverted yield curve has been viewed as an indicator of a pending economic recession. When short-term interest rates exceed long-term rates, market sentiment suggests that the long-term outlook is poor and that the yields offered by long-term fixed income will continue to fall.

More recently, this viewpoint has been called into question, as foreign purchases of securities issued by the U.S. Treasury have created a high and sustained level of demand for products backed by U.S. government debt. When investors are aggressively seeking debt instruments, the debtor can offer lower interest rates. When this occurs, many argue that it is the laws of supply and demand, rather than impending economic doom and gloom, that enable lenders to attract buyers without having to pay higher interest rates.

Inverted Yield Curve

Figure 2 – An inverted yield curve: note the inverse relationship between yield and maturity

Inverted yield curves have been relatively rare, due in large part to longer-than-average periods between recessions since the early 1990s. For example, the economic expansions that began in March 1991, November 2001 and June 2009 were three of the four longest economic expansions since World War II. During these long periods, the question often arises as to whether an inverted yield curve can happen again.

Economic cycles, regardless of their length, have historically transitioned from growth to recession and back again. Inverted yield curves are an essential element of these cycles, preceding every recession since 1956. Considering the consistency of this pattern, an inverted yield will likely form again if the current expansion fades to recession.

Upward sloping yield curves are a natural extension of the higher risks associated with long maturities. In a growing economy, investors also demand higher yields at the long end of the curve to compensate for the opportunity cost of investing in bonds versus other asset classes, and to maintain an acceptable spread over inflation rates.

As the economic cycle begins to slow, perhaps due to interest rate hikes by the Federal Reserve Bank, the upward slope of the yield curve tends to flatten as short-term rates increase and longer yields stay stable or decline slightly. In this environment, investors see long-term yields as an acceptable substitute for the potential of lower returns in equities and other asset classes, which tend to increase bond prices and reduce yields.

Inverted Yield Curve Impact on Consumers

In addition to its impact on investors, an inverted yield curve also has an impact on consumers. For example, homebuyers financing their properties with adjustable-rate mortgages (ARMs) have interest-rate schedules that are periodically updated based on short-term interest rates. When short-term rates are higher than long-term rates, payments on ARMs tend to rise. When this occurs, fixed-rate loans may be more attractive than adjustable-rate loans.

Lines of credit are affected in a similar manner. In both cases, consumers must dedicate a larger portion of their incomes toward servicing existing debt. This reduces expendable income and has a negative effect on the economy as a whole.

The Formation of an Inverted Yield Curve

As concerns of an impending recession increase, investors tend to buy long Treasury bonds based on the premise that they offer a safe harbor from falling equities markets, provide preservation of capital and have potential for appreciation in value as interest rates decline. As a result of the rotation to long maturities, yields can fall below short-term rates, forming an inverted yield curve. Since 1956, equities have peaked six times after the start of an inversion, and the economy has fallen into recession within seven to 24 months.

As of 2017, the most recent inverted yield curve first appeared in August 2006, as the Fed raised short-term interest rates in response to overheating equity, real estate and mortgage markets. The inversion of the yield curve preceded the peak of the Standard & Poor’s 500 in October 2007 by 14 months and the official start of the recession in December 2007 by 16 months. However, a growing number of 2018 economic outlooks from investment firms are suggesting that an inverted yield curve could be on the horizon, citing the narrowing spread between short- and long-dated Treasuries.

If history is any precedent, the current business cycle will progress, and slowing in the economy may eventually become evident. If concerns of the next recession rise to the point where investors see the purchase of long-dated Treasuries as the best option for their portfolios, there is a high likelihood that the next inverted yield curve will take shape.

Inverted Yield Curve Impact on Fixed-Income Investors

A yield curve inversion has the greatest impact on fixed-income investors. In normal circumstances, long-term investments have higher yields; because investors are risking their money for longer periods of time, they are rewarded with higher payouts. An inverted curve eliminates the risk premium for long-term investments, allowing investors to get better returns with short-term investments.

When the spread between U.S. Treasuries (a risk-free investment) and higher-risk corporate alternatives is at historical lows, it is often an easy decision to invest in lower-risk vehicles. In such cases, purchasing a Treasury-backed security provides a yield similar to the yield on junk bondscorporate bondsreal estate investment trusts (REITs) and other debt instruments, but without the risk inherent in these vehicles. Money market funds and certificates of deposit (CDs) may also be attractive – particularly when a one-year CD is paying yields comparable to those on a 10-year Treasury bond.

Inverted Yield Curve Impact on Equity Investors

When the yield curve becomes inverted, profit margins fall for companies that borrow cash at short-term rates and lend at long-term rates, such as community banks. Likewise, hedge funds are often forced to take on increased risk in order to achieve their desired level of returns.

In fact, a bad bet on Russian interest rates is largely credited for the demise of Long-Term Capital Management, a well-known hedge fund run by bond trader John Meriwether.

Despite their consequences for some parties, yield-curve inversions tend to have less impact on consumer staples and healthcare companies, which are not interest-rate dependent. This relationship becomes clear when an inverted yield curve precedes a recession. When this occurs, investors tend to turn to defensive stocks, such as those in the food, oil and tobacco industries, which are often less affected by downturns in the economy.

The Bottom Line

While experts question whether or not an inverted yield curve remains a strong indicator of pending economic recession, keep in mind that history is littered with portfolios that were devastated when investors blindly followed predictions about how “it’s different this time.” Most recently, shortsighted equity investors spouting this mantra participated in the “tech wreck,” snapping up shares in tech companies at inflated prices even though these firms had no hope of ever making a profit.

If you want to be a smart investor, ignore the noise. Instead of spending time and effort trying to figure out what the future will bring, construct your portfolio based on long-term thinking and long-term convictions – not short-term market movements.

For your short-term income needs, do the obvious: choose the investment with the highest yield, but keep in mind that inversions are an anomaly and they don’t last forever. When the inversion ends, adjust your portfolio accordingly.

Story 3: Creepy, Sleepy, Dopey, Joey Biden in Praise of Civility of Democrat Segregationist Senators Eastland (Mississippi) and Talmadge (Georgia) Who Got Things Done — Radical Extremist Democrats (REDS) Attack Biden — Lying Lunatic Leftist Losers and Big Lie Media Playing Identity Politics and Divide and Conquer — Videos —

Biden’s ties to segregationist senator spark campaign tension

Biden’s ties to segregationist senator spark campaign tension

SUSAN WALSH / AP

Joe Biden was a freshman senator, the youngest member of the august body, when he reached out to an older colleague for help on one of his early legislative proposals: The courts were ordering racially segregated school districts to bus children to create more integrated classrooms, a practice Biden opposed and wanted to change.

“I want you to know that I very much appreciate your help during this week’s Committee meeting in attemptingto bring my antibusing legislation to a vote,” Biden wrote on June 30, 1977.

The recipient of Biden’s entreaty was Sen. James Eastland, at the time a well-known segregationist who had called blacks “an inferior race” and once vowed to prevent blacks and whites from eating together in Washington. The exchange, revealed in a series of letters, offers a new glimpse into an old relationship that erupted this week as a major controversy for Biden’s presidential campaign.Biden on Wednesday night described his relationship with Eastland as one he “had to put up with.” He said of his relationships with Eastland and another staunch segregationist and southern Democrat, Sen. Herman Talmadge of Georgia, that “the fact of the matter is that we were able to do it because we were able to win — we were able to beat them on everything they stood for.”

But the letters show a different type of relationship, one in which they were aligned on a legislative issue. Biden said at the time that he did not think that busing was the best way to integrate schools in Delaware and that systemic racism should be dealt with by investing in schools and improving housing policies.

The letters were provided Thursday to the Washington Post by the University of Mississippi, which houses Eastland’s archived papers. They were reported in April by CNN.

Biden’s campaign late Thursday issued a statement saying that “the insinuation that Joe Biden shared the same views as Eastland on segregation is a lie.”

“Plain and simple. Joe Biden has dedicated his career to fighting for civil rights,” the statement said.

The controversy over Biden’s comments this week have continued to reverberate at a crucial time in the campaign, with matters of race dominating the political discussion ahead of several prominent gatherings, including the first presidential debate next week and a multicandidate event before black voters in South Carolina on Friday. It has emerged as a complex political problem for Biden, who has been trying to campaign as a civil rights champion while explaining past views that are out of step with today’s Democratic base.

Biden’s Wednesday remarks sparked one of the sharpest intra-Democrat exchanges of the campaign, when Sen. Cory Booker of New Jersey, one of his black 2020 rivals, criticized both Biden’s work with segregationists and the language that he used in describing it.

On Wednesday, Biden called Booker. Biden’s campaign also distributed talking points to supporters, emphasizing that Eastland and Talmadge “were people who he fundamentally disagreed with on the issue of civil rights.”

Late Thursday, the former vice president met with a small group that included black members of Congress, one of the participants said.

Divisions also emerged in Biden’s campaign over how he should handle such situations. Aides alternately argued that he simply misspoke in telling the anecdote, that he shouldn’t be telling it at all or that his remarks demonstrate his ability to work with those with whom he disagrees and the words were being purposefully twisted for political gain.

The letters show that Biden’s courtship of Eastland started in 1972, before he had taken office, and that he wrote to the older senator listing his top six committee assignment requests, with Foreign Relations and Judiciary at the top. A few weeks later, Biden thanked Eastland, writing that he was “flattered and grateful” for his help. He also referred to the December 1972 car crash that killed his wife and daughter and injured his two sons.

“Despite my preoccupation with family matters at this time, I intend to place the highest priority on attending to my committee responsibilities,” Biden wrote.

Biden supporters have repeatedly pointed to his efforts on civil rights issues to cast him as a champion of equality. Not only did he share an eight-year partnership with the first black president, he also worked alongside black leaders throughout his career on extending the Voting Rights Act, amending the Fair Housing Act and creating the holiday honoring the Rev. Martin Luther King Jr.et in the debate over the merits of busing as a solution to greater integration, Biden’s avowed stance against it put him at odds with some civil rights leaders.

 

 

It was in that context that he courted the support of Eastland — at the time the chairman of the Senate Judiciary Committee — as well as other senators.

In one letter, on March 2, 1977, Biden outlined legislation he was filing to restrict busing practices.

“My bill strikes at the heart of the injustice of court ordered busing,” he wrote to Eastland. “It prohibits the federal courts from disrupting our educational system in the name of the constitution where there is no evidence that the governmental officials intended to discriminate.”

“I believe there is growing sentiment in the Congress to curb unnecessary busing,” he added. The Senate two years earlier had passed a Biden amendment that prohibited the federal Department of Health, Education and Welfare from ordering busing to achieve school integration.

 

“That was the first time the U.S. Senate took a firm stand in opposition to busing,” Biden wrote. “The Supreme Court seems to have recognized that busing simply cannot be justified in cases where state and local officials intended no discrimination.”

In later letters to Eastland, Biden continued pushing his legislation.

“I want you to know that I very much appreciate your help during this week’s Committee meeting in attempting to bring my antibusing legislation to a vote,” Biden wrote on June 30, 1977.

The next year, he continued to push for antibusing legislation and again wrote to Eastland.

“Since your support was essential to having our bill reported out by the Judiciary Committee, I want to personally ask your continued support and alert you to our intentions,” Biden wrote on Aug 22, 1978. “Your participation in floor debate would be welcomed.”

After Biden’s remarks at the Wednesday night fund-raiser, advisers played down his comments about Eastland as a garbled rendition of a familiar Biden anecdote. In particular, they sought to excuse Biden for saying that Eastland didn’t refer to him as “boy” — an insult leveled at black men — but as “son.”

“He just misspoke,” said one Biden adviser. “The way Biden usually tells the story, he says Eastland didn’t call him ‘senator,’ he called him ‘son,’ ” the adviser said. “Eastland called him ‘boy’ and ‘son’ also. This was Eastland’s way of diminishing young senators.”

In the campaign statement Thursday, Biden’s national press secretary, Jamal Brown, said Biden’s “strong support for equal housing, equal education and equal job opportunities were clear to all Delawareans in the 1970s.”

Biden sought to ensure that black students received “the resources necessary to deliver the quality education they deserved,” he said.

Brown added that throughout his public life, Biden “fought the institutional problems that created de facto segregated school systems and neighborhoods in the first place: redlining, school lines drawn to keep races and classes separate and housing patterns and discrimination.”

Almost the entire Democratic field is set to attend a fish fry Friday night hosted by House Majority Whip James Clyburn, a leading black figure in the state and one who has remained supportive of Biden.

It would be the first public appearance Biden is making with the same Democratic presidential hopefuls who have heaped criticism on him for the comment.

In demanding an apology, Booker said Wednesday that Biden’s “relationships with proud segregationists are not the model for how we make America a safer and more inclusive place for black people, and for everyone.”

Asked about Booker’s remarks by reporters, Biden declined to offer an apology and instead demanded one from Booker. The two men later spoke privately.

“Cory shared directly what he said publicly — including helping Vice President Biden understand why the word ‘boy’ is painful to so many,” said Sabrina Singh, a Booker campaign spokeswoman. “Cory believes that Vice President Biden should take responsibility for what he said and apologize to those who were hurt.”

Biden’s campaign would not elaborate on the call, but it is clear the topic could linger over the coming days.

Biden has scheduled a sit-down interview with MSNBC, his campaign has been sending out talking points to surrogates, and some black supporters are eager to hear the former vice president offer a fuller explanation.

“I think he’s got to address it head on and show people what his line of thinking was,” said Antjuan Seawright, a Democratic strategist in South Carolina who is close with Biden’s team. “I don’t think they need to get off course with their strategy. I just think they have to address it as it comes up and move on.”

Other Biden supporters, however, think he’s taking just the right approach and standing by his long-held beliefs.

I encouraged campaign staff that I know to say: ‘Don’t back off on this. This is precisely why you’re the right guy in the right place at the right time.’ And I was glad to see that he didn’t,” said Dave O’Brien, a longtime Biden supporter in Cedar Rapids, Iowa.

“You know that some of the other issues, he’s got to evolve with the times, which he has,” O’Brien added. “But there are points where you need to make a stand, so I was very glad to see him not back off on this issue.”

https://www.inquirer.com/politics/nation/joe-biden-james-eastland-segregation-democratic-primary-20190621.htmlPosted: June 20, 2019 – 10:59 PM

Biden not apologizing for remarks on segregationist senators

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Democratic presidential candidate, former Vice President Joe Biden, speaks at the Poor People’s Moral Action Congress presidential forum in Washington, Monday, June 17, 2019. (AP Photo/Susan Walsh)

Joe Biden refused calls to apologize Wednesday for saying that the Senate “got things done” with “civility” even when the body included segregationists with whom he disagreed.

His rivals for the Democratic presidential nomination, including the two major black candidates in the contest, roundly criticized Biden’s comments. But Biden didn’t back down and was particularly defiant in the face of criticism from New Jersey Sen. Cory Booker, who said the former vice president should apologize for his remarks.

Biden countered that it was Booker who should apologize because the senator “should know better” than to question his commitment to civil rights.

“There’s not a racist bone in my body,” Biden said. “I’ve been involved in civil rights my whole career.”

Speaking on CNN, Booker responded: “I was raised to speak truth to power and that I shall never apologize for doing that. And Vice President Biden shouldn’t need this lesson.”

The firestorm is quickly becoming one of the most intense disputes of the Democratic presidential primary, underscoring the hazards for Biden as he tries to turn his decades of Washington experience into an advantage. Instead, he’s infuriating Democrats who say he’s out of step with the diverse party of the 21st century and potentially undermining his argument that he’s the most electable candidate in the race.

The controversy began at a New York fundraiser Tuesday when Biden pointed to long-dead segregationist senators James Eastland of Mississippi and Herman Talmadge of Georgia to argue that Washington functioned more smoothly a generation ago than under today’s “broken” hyperpartisanship.

“We didn’t agree on much of anything,” Biden said of the two men, who were prominent senators when Biden was elected in 1972. Biden described Talmadge as “one of the meanest guys I ever knew” and said Eastland called him “son,” though not “boy,” a reference to the racist way many whites addressed black men at the time.

Yet even in that Senate, Biden said, “At least there was some civility. We got things done.”

A pile on from Biden’s rivals quickly ensued. Booker said he was disappointed by Biden’s remarks.

“I have to tell Vice President Biden, as someone I respect, that he is wrong for using his relationships with Eastland and Talmadge as examples of how to bring our country together,” said Booker, who is African American.

New York City Mayor Bill de Blasio, a fellow Democratic presidential candidate and a white man who is married to a black woman, tweeted: “It’s 2019 & @JoeBiden is longing for the good old days of ‘civility’ typified by James Eastland. Eastland thought my multiracial family should be illegal.”

California Sen. Kamala Harris, a black presidential candidate, said Biden was “coddling” segregationists in a way that “suggests to me that he doesn’t understand … the dark history of our country” — a characterization Biden’s campaign rejects.

Former Texas Rep. Beto O’Rourke, another 2020 candidate, said, “For the vice president to somehow say that what we’re seeing in this country today is a function of partisanship or a lack of bipartisanship completely ignores the legacy of slavery and the active suppression of African Americans and communities of color right now.”

The tumult comes at a crucial point in the campaign. Biden is still recovering from controversy he sparked earlier this month when he angered many Democrats by saying he didn’t support federal taxpayer money supporting abortion. He later reversed his position.

He’s among the more than 20 candidates who will descend on South Carolina this weekend to make their case to black voters at a series of Democratic events.

Meanwhile, most Democratic White House hopefuls will again gather in Miami next week for the first presidential debate of the primary season. Biden will almost certainly come under fire there for his comments this week.

He sought to defuse the tension on Wednesday by saying he was trying to argue that leaders sometimes have to work with people they disagree with to achieve goals, such as renewing the Voting Rights Act.

“The point I’m making is you don’t have to agree. You don’t have to like the people in terms of their views,” he said Wednesday. “But you just simply make the case and you beat them without changing the system.”

He has received support from some black leaders. Cedric Richmond, Biden’s campaign co-chairman and former Congressional Black Caucus chairman, said Biden’s opponents deliberately ignored the full context of his argument for a more functional government.

“Maybe there’s a better way to say it, but we have to work with people, and that’s a fact,” Richmond said, noting he dealt recently with President Donald Trump to pass a long-sought criminal justice overhaul. “I question (Trump’s) racial sensitivity, a whole bunch of things about his character … but we worked together.”

Likewise, Richmond said, Biden mentioned Jim Crow-era senators to emphasize the depths of disagreements elected officials sometimes navigate. “If he gets elected president, we don’t have 60 votes in the Senate” to overcome filibusters, Richmond noted. “He could be less genuine and say, ‘We’re just going to do all these things.’ But we already have a president like that. (Biden) knows we have to build consensus.”

Biden also drew a qualified defense from Republican Sen. Tim Scott of South Carolina, the only black senator from his party. Scott said that Biden “should have used a different group of senators” to make his point but that his remarks “have nothing to do with his position on race” issues. Scott said the reaction reflects an intense environment for Democrats in which the desire to defeat Trump means “anything the front-runner says that is off by a little bit” will be magnified.

https://apnews.com/5b57473cfcda44e4b35c8a40759a26fc

The gloves come off in the Democratic primary

This was the week that the battle for the nomination got real.

The tenor of the Democratic presidential primary has verged on courteous from the start: To the extent that Democrats went after Joe Biden, it was usually not by name. And Bernie Sanders and Elizabeth Warren kept their rivalry decidedly civil.

This week, with the first debates of the election season days away, the gentility came to an end.

Biden’s remarks at a New York fundraiser that “at least there was some civility” when he worked with segregationists in the Senate unleashed a torrent of criticism from his rivals and the left. And a story in POLITICO about centrists coming around to Warren as an “anybody but Bernie” alternative set off Sanders and his allies.

“We knew the primary wouldn’t be all puppies and rainbows forever,” said Ben LaBolt, a former adviser to Barack Obama. “And as the debates approach you can see a new dynamic emerging.”

The reaction from Biden’s rivals to his comments was fierce.

New York Mayor Bill de Blasio, whose wife is African American, noted that one of the segregationists Biden invoked, James Eastland of Mississippi, would have outlawed his marriage. Sen. Cory Booker, who is black, took offense that Biden seemed to make light of Eastland calling him “son” but not “boy.”

“You don’t joke about calling black men ‘boys’,” Booker said.

Booker called on Biden to apologize but Biden took a different path. Outside a fundraiser Wednesday night, a defiant Biden said he had nothing to be sorry for and that it’s Booker who should apologize for questioning someone without “a racist bone in my body.”

“He knows better,” Biden said.

The crossfire marked some of the most direct and intense exchanges so far of the 2020 primary campaign. And it signals that with less than a week until the first televised debate, the field is done tiptoeing around.

“Running for president is no tea party. It’s a battle. And it is customary for candidates to begin to engage at this stage. The polite preliminaries are over,” said Democratic strategist and former Obama hand David Axelrod. “And since there is generally broad agreement on issues, if not solutions, the disputes necessarily turn on other things.”

In a separate episode, Sanders dispatched a tweet that was viewed as a sideswipe of Warren.

“The cat is out of the bag. The corporate wing of the Democratic Party is publicly ‘anybody but Bernie,’” Sanders wrote on Twitter, sharing a POLITICO storyheadlined: “Warren emerges as potential compromise nominee.”

Sanders faced his own backlash over the remark.

“If we had a multi-party parliament, it’d be pretty normal for Sanders and Warren to campaign against each other for leadership in a Social Democratic Party. That said, I still find this move pretty dissapointing [sic] and unnecessary. Draw contrasts if you want, but not like this,” tweeted Waleed Shadid, communications director of the progressive group Justice Democrats.

Shadid later noted that Sanders on CNN said his remark was targeted at the moderate think tank Third Way, and not Warren.

Still, the escalating tensions come as Warren is gaining on Sanders in polls. She leapfrogged him in recent surveys in Nevada and California. And a Monmouth University poll released Wednesday showed Warren and Sanders virtually tied for second, with Warren, at 15 percent, gaining five points in one month. Biden still led the field at 32 percent.

“Biden’s numbers have held up higher than expected and a number of challengers are going after his gaffes more aggressively than before,” LaBolt said. “Warren has begun eating into Bernie’s numbers and he is trying to fend her off.”

Still, one Democratic veteran of the 2016 campaign, ex-Sanders adviser Mark Longabaugh, said the current tangles are nothing like what he experienced in that campaign. There’s plenty of time for it to get there, but it hasn’t happened yet.

“I don’t know if the gloves are off. I think the gloves may be getting a little loose — pulling out the fingertips to take the gloves off.” Longabaugh said. “Having been through the 2015-16 experience, I gotta tell ya, that was much more combative than anything you’ve seen in this race — not anything close.”

Not far from anyone’s mind are the first debates in Miami on Wednesday and Thursday next week.

“While this type of engagement is expected,” LaBolt said, “candidates should be careful not to cross any lines that could significantly damage potential nominees for the general.”

https://www.politico.com/story/2019/06/20/2020-election-democratic-primary-1373202

 

 

Part 2– Story 4: President Trump Pushes All The Right Buttons in 2020 Stump Speech in Orlando, Florida –Send Them Home — Lock Them Up — Four More Years — Videos

TRUMP 2020: President Trump Re-Election Campaign Rally – FULL SPEECH

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With Florida rally, Trump aims for a 2020 campaign ‘reset’

Trump to launch 2020 re-election bid in Florida

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Crowds grow for Trump rally in Orlando

People are lining up for President Trump’s event on Tuesday

THE PRESIDENT IS BACK: President Trump Returns From MASSIVE Orlando Rally

The Memo: Can Trump run as an outsider?

President Trump is running for reelection as an outsider candidate. But it’s a knotty challenge for someone who holds the world’s most powerful office.

Trump’s speech in Orlando, Fla., on Tuesday, which officially launched his 2020 bid, was rife with rhetoric portraying himself — and by extension his supporters — as victims of nefarious elites.

The president said that he and his allies were besieged by a “permanent political class” and “an unholy alliance of lobbyists and donors and special interests.”

“Our patriotic movement has been under assault from the very first day,” Trump insisted at one point. Moments before, he told the crowd, “the swamp is fighting back so viciously and violently.”

It’s the kind of language that makes Democrats roll their eyes. Trump, they note, is a billionaire property developer, born into wealth, who won the presidency on his first attempt — yet he portrays himself as the tribune of “the forgotten men and women of our country” whom he invoked in his January 2017 inaugural address.

But Trump’s unconventionality might, in itself, help him retain some kind of outsider cachet in a way that is unusual for an incumbent president.

“For any other president, yes, it is a challenge,” said Alex Conant, a Republican strategist who worked for Sen. Marco Rubio (R-Fla.) in the 2016 presidential primaries.

“But Trump is unlike any other president. Trump has been at war with the establishment since the moment he set foot in the White House,” he said.

It is certainly true that Trump was viewed with suspicion by the Republican Party from the time he began his presidential run — and that his language and attitudes are viewed with distaste by much of the Beltway political class.

But dislike for Trump’s personal antics is hardly confined to D.C. elites.

A Pew Research Center poll in March showed pluralities of the public believing that he was not “trustworthy,” “even-tempered” or “well-informed.”

For all Trump’s supposed concern with less affluent Americans, 56 percent of the respondents in the Pew poll said they did not believe he cared about “people like me,” whereas just 40 percent said he did care.

The GOP has largely made peace with him, with former rivals including Sens. Lindsey Graham (S.C.) and Rand Paul (Ky.) becoming enthusiastic supporters, congressional dissenters such as former Rep. Mark Sanford(R-S.C.) having been defeated in primaries and Trump now in firm control of the party apparatus.

Skeptics also point to both policies and personnel — from the steep cut in the corporate tax rate in 2017 to the 16-month run of the ethically challenged Scott Pruitt as head of the Environmental Protection Agency — as evidence that the swamp has remained undrained under Trump.

But Trump allies are insistent that the president’s feel for the cultural mores of blue-collar America remains a potent and underrated political weapon.

“He is certainly an outsider to the political establishment. They still don’t get him and he is not coming around to their way of thinking,” said Barry Bennett, who worked as a senior adviser to Trump’s 2016 campaign. “He may live inside the gates but he does not live inside the establishment. … I don’t know anyone who believes he has become some kind of Georgetown socialite.”

Michael Caputo, a longtime Trump friend, insisted, “I have never ever met anyone, any Trump supporter, who believes anything else besides the fact that he’s an outsider.”

There is clearly a political dividend to be gained if Trump can hold onto his outsider image.

In the recent past, voters in presidential elections have often chosen the candidate seen as less steeped in the ways of Washington.

Former President Obama won election twice as a change agent, initially winning the White House as the first black president and then securing a second term over GOP nominee Mitt Romney, the personification of a genteel Republican establishment.

Former President George W. Bush had only a tenuous claim to outsider status, given he was the son of a president — yet his campaign was able to paint then-Sen. John Kerry (D-Mass.) as a creature of Washington in the 2004 presidential election.

Before that, former President Clinton used his down-home Arkansas image as a weapon against an incumbent president, Bush’s father, George H.W Bush, and then won a second term over another GOP establishment favorite, then-Sen. Bob Dole (Kan.).

Independent observers acknowledge that Trump’s style, divisive though it is, could help him be seen as much more of a disruptor even than these recent predecessors.

“It’s almost impossible for an incumbent to run as an outsider, but Trump has held onto that credential,” said Tobe Berkovitz, a Boston University professor who specializes in political communications. “He is parlaying that into how he sees himself — running against the Democrats, the media, the elites.”

Republicans, meanwhile, argue that Trump’s outsider image could be especially useful if Democrats pick former Vice President Joe Biden as their nominee.

Biden, in their telling, is much easier to brand as a creature of Washington given his decades in the Senate. There will be a different challenge if Democrats instead choose one of Biden’s rivals who is a fresher face on the national political scene, such as Sen. Elizabeth Warren (D-Mass.) or Sen Kamala Harris (D-Calif.); or more radical, such as Sen. Bernie Sanders(I-Vt.).

Trump, billionaire Manhattanite though he may be, has long used the idea that he is sneered at by a snobbish elite to his own advantage.

On Tuesday, he told his supporters that Democrats “want to destroy you.”

It was a stark and visceral remark even by Trump’s standards.

But, after his 2016 victory, even his critics can’t be so sure it won’t work.

https://thehill.com/homenews/the-memo/449436-the-memo-can-trump-run-as-an-outsider

A Second Term for What?

Trump can’t win by relitigating 2016 and playing only to his base.

President Donald Trump looks on during a rally at the Amway Center in Orlando, Florida to officially launch his 2020 campaign on June 18.PHOTO: MANDEL NGAN/AGENCE FRANCE-PRESSE/GETTY IMAGES

President Trump announced his campaign for a second term at a rally in Orlando on Tuesday evening that recounted his first-term record and 2016 victory before thousands of rapturous supporters. The only thing missing was an agenda for 2020.

The most striking fact of his speech was how backward looking it was. Every incumbent needs to remind voters of his record, Mr. Trump more than most because the media are so hostile.

Donald Trump Launches Campaign

The President is also right that his opponents have refused to recognize the legitimacy of his election. House Democrats may still try to impeach him for not obstructing an investigation into what wasn’t a conspiracy with Russia. His sense of “grievance,” to quote the media meme about his speech, on that point is entirely justified.

Yet Mr. Trump is asking for four more years, and his preoccupation with vindicating 2016 won’t resonate much beyond his core supporters. Most voters have moved on from 2016, which is why a majority opposes impeachment in every poll. They don’t much care about Mr. Trump’s greatest hits about Hillary Clinton, who alas for the President will not be on the ballot in 2020. They want to know why they should take a risk on Mr. Trump and his volatile character for another term.

This is all the more important given the way his first term has evolved on policy. One paradox is that his main policy successes have come from pursuing a conventional conservative agenda. The failures have been on the issues like trade and immigration that are the most identified with Trumpian disruption.

The economy’s renewed growth spurt came from tax reform, deregulation, liberating energy production and ending the anti-business harassment of the Obama years. His remaking of the judiciary and rebuilding of the military unite Republicans of all stripes. Criminal justice reform was the result of years of spade work on the right and left.

Mr. Trump deserves credit for pursuing all of this despite often ferocious opposition that might have intimidated a different GOP President. That’s true in particular of his withdrawal from the Iran nuclear deal and the Paris climate accord, where U.S. Democratic and media opinion is aligned with Europe’s elites.

On immigration, however, the President missed a chance to strike a deal trading more border security (including his wall) for legalizing Dreamers. He must now confront the asylum crisis at the border with no help from Democrats. On trade, Mr. Trump has disrupted global rules but has put nothing new and stable in their place. Asking voters to believe he’ll do better on these issues in a second term isn’t likely to turn many swing voters his way.

The other paradox of the Trump Presidency is his low approval rating despite a stronger economy. The polls show his approval rating on the economy is above 50% but his overall approval is 44.3% in the Real Clear Politics average. The difference is best explained by Mr. Trump’s polarizing behavior, which has alienated in particular college-educated voters and Republican women. In the latest Wall Street Journal-NBC poll, Mr. Trump is underwater with white college-educated women by a remarkable 20 percentage points.

Mr. Trump may figure he can persuade some of those skeptics by making the Democratic nominee even more unpopular than he is. If the Democrats oblige by nominating Bernie Sanders or Elizabeth Warren, that might be possible. But that is making a bet on the other party’s mistake, and a re-election campaign is typically a referendum on the incumbent.

Which is all the more reason to offer voters something more for a second term. He could put Democrats on the spot for high housing prices and homelessness by talking about restrictive zoning for elites and high property taxes. He could offer to reform higher education by making schools responsible for some of the debt of students who can’t repay loans, or invigorate vocational education to help young people who can’t go to college.

He could package health-care proposals to expand choice, reduce prices and make insurance portable; his administration has already proposed some of them. He could advance his theme of “draining the swamp” by offering ideas to reform the civil service. We’d include entitlement reform, but then Mr. Trump has shown no interest and we don’t believe in political miracles.

This is far from an exhaustive list, and Mr. Trump won’t win as a policy wonk in any case. But Mr. Trump also won’t win by relitigating the 2016 election or playing only to his political base. He needs more than he offered voters on Tuesday night.

Opinion: Countering Trump With Reliability, Not Bold Agenda

Opinion: Countering Trump With Reliability, Not Bold Agenda
A Fox News poll has found that Democrats prefer a “steady” candidate to a “big agenda” candidate. But going up against the scale of Donald Trump will be tough, so how do frontrunners Joe Biden, Bernie Sanders and Elizabeth Warren compare? Image: Getty

‘This election is about you. Your family, your future & the fate of YOUR country’: Trump lays it on the line at 20,000-strong Orlando rally as he kicks off 2020 re-election campaign with his entire family and obligatory digs at ‘Crooked Hillary’

  • The president spent the first half-hour of a Tuesday night rally hammering his old foe Hillary Clinton 
  • Trump said his team wondered if it should hold the rally in a venue which can hold 20,000 people
  • ‘Not only did we fill it up, but we had 120,000 requests… Congratulations!’ the president said to cheers
  • The president’s daughter-in-law, Lara Trump, invited the criticism when she wound up an arena of supporters
  • Husband Eric, who spoke after her, had a crowd of more than 20,000 screaming, ‘CNN Sucks!’ 
  • ‘He loves this country and we, as a family, love this country. We’re going to fight like hell,’ Eric said 
  •  Donald Trump Jr. mocked Joe Biden before the rowdy crowd that waited in the heat and rain for hours
  • ‘He gets up on the stump. It’s so stupid,’ he said, claiming the ex-VP has four-person crowds 

President Trump spent a Tuesday night rally he’d advertised as a 2020 kickoff hammering his old foe Hillary Clinton for acid washing her emails and failing to deliver on her pledge to beat him, while Democrats vying for the party’s nomination now escaped his wrath.

Noting that he’s under constant media scrutiny, Trump said that he’d be sent to the slammer if he ordered aides to destroy potential evidence.

‘But, can you imagine if I got a subpoena, think of this, if I got a subpoena for emails, if I deleted one email like a love note to Melania, it’s the electric chair for Trump,’ he claimed in a campaign speech in Orlando.

Trump said subpoenas he’s receiving are not about Democratic claims that his campaign may have colluded with Russia.

‘The Democrats don’t care about Russia, they only care about their own political power. They went after my family, my business, my finances, my employees, almost everyone that I’ve ever known or worked with,’ he argued. ‘But they are really going after you. That’s what it’s all about. It’s not about us, it’s about you. They tried to erase your vote, erase your legacy of the greatest campaign and the greatest election probably in the history of our country.’

U.S. President Donald Trump and first lady Melania Trump arrive on stage to formally kick off his re-election bid with a campaign rally in Orlando. He kicked off first official 2020 rally by claiming 120,000 people submitted requests to attend

U.S. President Donald Trump and first lady Melania Trump arrive on stage to formally kick off his re-election bid with a campaign rally in Orlando. He kicked off first official 2020 rally by claiming 120,000 people submitted requests to attend
First lady Melania Trump speaks as Trump looks on. Trump's first official campaign rally of 2020 opened much the way his 2016 candidacy ended - with his audience chanting 'Lock her Up!' in a slam on former Democratic opponent Hillary Clinton

First lady Melania Trump speaks as Trump looks on. Trump’s first official campaign rally of 2020 opened much the way his 2016 candidacy ended – with his audience chanting ‘Lock her Up!’ in a slam on former Democratic opponent Hillary Clinton

Trump's campaign turned the area outside the arena that can seat 20,000 people into a festival-like atmosphere with music and food trucks to help supporters pass the time

Trump’s campaign turned the area outside the arena that can seat 20,000 people into a festival-like atmosphere with music and food trucks to help supporters pass the time

Michael Boulos, Tiffany Trump, Lara Trump, Eric Trump, Jared Kushner, Ivanka Trump, Kimberly Guilfoyle, and Donald Trump Jr. arrive at a rally for US President Donald Trump

FLOTUS Melania introduces her husband at Trump 2020 rally

The president said, ‘They wanted to deny you the future you demanded and the future that America deserved and that now America is getting. Our radical Democrat opponents are driven by hatred, prejudice and rage. They want to destroy you, and they want to destroy our country as we know it. Not acceptable, it’s not going to happen. Not gonna happen.’

Trump claimed that Democrats as a party would use the ‘power of the law to punish their opponents’ if they’re handed the reigns to the country.

‘Imagine if we had a Democrat president and a Democrat Congress in 2020. They would shut down your free speech, use the power of the law to punish their opponents – which they’re trying to do now anyway – they’ll always be trying to shield themselves,’ he claimed. ‘They will strip Americans of their Constitutional rights while flooding the country with illegal immigrants in the hopes it will expand their political base and they’ll get votes someplace down the future. That’s what it’s about.’

Broad attacks on the Democratic Party and ‘radical socialism’ were the most stringent assaults that Trump would levy all night.

He said, ‘More than 120 Democrats in Congress have also signed up to support “Crazy Bernie Sanders” socialist government takeover of health care.

‘He seems not to be doing too well lately,’ the president said as an aside. ‘They want to end Medicare as we know it and terminate the private health insurance of 180 million Americans who love their health insurance. America will never be a socialist country.’

It was his only mention at the rally of one of his most formidable opponents. Former Democratic President Joe Biden was also a footnote in the speech, earning two mentions, as a part of the ‘Obama-Biden’ duo that Trump said ruined American foreign policy and drove down the nation’s economy.

‘Remember the statement from the previous administration? Would need a magic wand to bring back manufacturing? Well, tell “Sleepy Joe” that we found the magic wand. That’s a sleepy guy,’ the president added.

Trump outlined his vision tweeting: ‘Don’t ever forget – this election is about YOU. It is about YOUR family, YOUR future, & the fate of YOUR COUNTRY. We begin our campaign with the best record, the best results, the best agenda, & the only positive VISION for our Country’s future! #Trump2020’

The Trumps said their family has been under attack since the family patriarch declared his candidacy for president in 2015. Jared Kushner, left, Ivanka Trump arrive for the official launch of the Trump 2020 campaign

The Trumps said their family has been under attack since the family patriarch declared his candidacy for president in 2015. Jared Kushner, left, Ivanka Trump arrive for the official launch of the Trump 2020 campaign

Donald Trump Jr. channeled his attacks to his father’s current opponents, mocking leading Democratic candidate Joe Biden before the rowdy crowd that waited in the heat and rain for hours, and days in some cases, to see the sitting president. Kimberly Guilfoyle, left, and Donald Trump Jr. pictured

Donald Trump Jr. channeled his attacks to his father’s current opponents, mocking leading Democratic candidate Joe Biden before the rowdy crowd that waited in the heat and rain for hours, and days in some cases, to see the sitting president. Kimberly Guilfoyle, left, and Donald Trump Jr. pictured

Senior adviser Jared Kushner, Ivanka Trump and Kimberly Guilfoyle, watch as President Donald Trump speaks at his re-election kickoff rally at the Amway Center

Senior adviser Jared Kushner, Ivanka Trump and Kimberly Guilfoyle, watch as President Donald Trump speaks at his re-election kickoff rally at the Amway Center

Trump rails against Democrats, Mueller and ‘fake news’ at 2020 rally
Trump’s first official campaign rally of 2020 opened much the way his 2016 candidacy ended – with his audience chanting ‘Lock her Up!’ in a slam on former Democratic opponent Clinton.

The president’s daughter-in-law, Lara Trump, invited the criticism first. She wound up an arena of supporters with a claim that the media was saying Clinton was going to be the 45th President of the United States days before the election. ‘They have always been wrong,’ she declared.

Attacks on the media as ‘fake news’ and ‘dishonest’ from Lara and her husband Eric, who spoke after her, had a crowd of more than 20,000 screaming ‘CNN Sucks!’ minutes later.

The Trumps said their family has been under attack from one group or another since the family patriarch declared his candidacy for president in 2015.

‘He loves this country and we, as a family, love this country. And guys we are going to fight like hell – our family is going to fight like hell for this country. We will never ever stop fighting, and we will never ever, ever stop winning,’ the president’s son said. ‘And guys, we love you very much. We’re all going to be spending a lot of time in Florida. We’re going to be spending a lot of time in Florida. So we’re going to see you.’

Donald Trump Jr. channeled his attacks to his father’s current opponents, mocking Biden before the rowdy crowd that waited in the heat and rain for hours, and days in some cases, to see the sitting president.

‘I don’t know about you, but I look around this room and when Joe Biden’s putting about seven people in an audience, I’m saying, “I think they may be a little wrong with the polling.” But what they hell do I know?’ he said.

National polls show Biden beating Trump in a general election. A Quinnipiac University survey that came out Tuesday found that the former vice president would beat Trump by nine points, 50 – 41, the newly-released poll showed.

Vermont Sen. Bernie Sanders would win by a similar margin, 48 – 42, while other top Democrats would perform in the poll’s margin of error.

Trump campaign manager Brad Parscale told DailyMail.com inside the rally that Quinnipiac is ‘c**p’ in response to the latest poll showing bad news in a critical swing state for the controversial president.

Trump had already warned the public that this official launch of 2020 campaign would be 'wild,' after supporters camped out in tents for more than 30 hours to save their places at the front of a massive line that would ensure them floor seats

US First Lady Melania Trump greets US Vice President Mike Pence. Trump set the tone for the monster rally in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

US First Lady Melania Trump greets US Vice President Mike Pence. Trump set the tone for the monster rally in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

Lara Trump takes to the stage before her father-in-law United States President Donald Trump arrives on stage to announce his candidacy for a second presidential term at the Amway Center

Lara Trump takes to the stage before her father-in-law United States President Donald Trump arrives on stage to announce his candidacy for a second presidential term at the Amway Center

Donald Trump Jr. throws hats to supporters at the rally. He mocked Joe Biden before the rowdy crowd that waited for hours

Donald Trump Jr. throws hats to supporters at the rally. He mocked Joe Biden before the rowdy crowd that waited for hours

Trump attacks Democrats at his Orlando rally
Don Jr. brushed off the threat from Biden, 76, as he campaigned for his father, 73, on Tuesday in Orlando. He called Biden and his competitors a ‘clown show’ and gave the Democrat a new nickname. ‘Sloppy Joe,’ he called him, as he hit Biden for flip-flopping.

‘He gets up on the stump. It’s so stupid,’ he said. ‘To his group of about four people in the audience, “Government has failed you.” Usually, as he’s groping someone. It ain’t pretty, but there’s something off with that guy.’

The president’s son said he agrees that government is broken and it’s a problem. ‘The problem is Joe, you’ve been in government for almost 50 years. If government failed you, maybe you’re the problem Joe Biden,’ he said. ‘It’s not rocket science.’

Trump warned the public that the campaign rally would be ‘wild,’ and Don Jr. helped him deliver on the pledge.

He mocked Biden’s pledge to cure cancer, asking, ‘Why the hell didn’t you do that over the last 50 years, Joe?’

Don Jr. blamed the media for giving Biden a pass. ‘Why did not one of them say, “Well, Joe, how exactly are you going to do that?” And why didn’t you do that in the last eight years as vice president and the prior 40 years in government and the Senate?’

His father later claimed that he’d cure cancer in remarks that followed. ‘We will push onward with new medical frontiers. We will come up with the cures to many, many problems, to many, many diseases, including cancer and others and we’re getting closer all the time,’ he said.

Attacks on Clinton and media were a common theme throughout the night, with Trump pausing and waiting for his supporters to cheer, ‘CNN SUCKS!’ and ‘Lock her Up!’ as he talked about the former secretary of state’s acid-washed emails and her loss to him in the last election.

‘It was all an illegal attempt to overturn the results of our election, spy on our campaign, which is what they did,’ he complained.

Trump meets fans after stepping off Air Force One upon arrival at Miami International Airport in Miami

Trump meets fans after stepping off Air Force One upon arrival at Miami International Airport in Miami

Vice President Mike Pence, escorted in by Karen Pence, speaks before Trump takes the stage on Tuesday evening

A man holds up a sign as the crowd waits for US President Donald Trump to arrive at a rally at the Amway Center in Orlando, Florida to officially launch his 2020 campaign

A man holds up a sign as the crowd waits for US President Donald Trump to arrive at a rally at the Amway Center in Orlando, Florida to officially launch his 2020 campaign

Melania's spokesperson Stephanie Grisham speaks with White House senior advisor Kellyanne Conway at the campaign rally

Melania’s spokesperson Stephanie Grisham speaks with White House senior advisor Kellyanne Conway at the campaign rally

President Trump said as he opened the event that he could feel the ‘magic’ in Orlando – a play on the name of the city’s professional basketball team.

He spoke to supporters in the same arena that the team plays in, which is a venue that can hold roughly 20,000 people.

‘You know, I said, “This is a very big arena for a Tuesday night.” I said, “You know, if we have about three or four empty seats, the fake news will say – headlines: he didn’t fill up the arena.” So I said maybe we shouldn’t take the chance, maybe we shouldn’t go to Orlando, maybe we should go someplace else,’ Trump said in his opening remarks. ‘I said, “No, I think we’ll go to Orlando.” And, not only did we fill it up, but we had 120,000 requests. That means you folks have come out very, very good.’

Supporters camped out in tents for more than 30 hours to save their places at the front of a massive line that would ensure them floor seats at Tuesday evening’s show.

Saundra Kiczenski, a Michigan native who works in retail, waited from 7am on Monday. She said she’d been to rallies in support of the president in 15 states. She spent Monday night on the pavement in a sleeping bag.

‘I took the hotel pillow and slept on the ground,’ she told DailyMail.com on Tuesday afternoon as she waited to get in.

The Republican incumbent set the tone for the monster rally in Florida he’d be appearing at in the evening in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour.

‘The Fake News doesn’t report it, but Republican enthusiasm is at an all time high. Look what is going on in Orlando, Florida, right now! People have never seen anything like it (unless you play a guitar). Going to be wild – See you later!’ he tweeted on Tuesday morning.

A cover band with aging rockers who call themselves ‘The Guzzlers’ revved up the crowd under a beating sun at a ‘festival’ the campaign held in an outdoor parking lot, where vendors sold a captive and cramped group sodas, snow cones and Trump umbrellas.

Sweltering heat that topped 87 degrees soon turned to pouring rain, giving the umbrellas a dual purpose for supporters like Richard Snowden who chose to remain.

A resident of Las Vegas, Nevada, Snowden said he’d be ‘remiss’ to have skipped the kickoff. He told DailyMail.com from the comfort of a party-style tent his group had pitched that he’d attended 54 rallies since Trump announced his candidacy for office in 2015.

But even Snowden called himself a pragmatist and said of the president’s reelection odds, ‘I don’t think it’s going to be a cakewalk.’

‘The incumbency will help. He won’t catch them flat-footed this time,’ he observed, as he waited for the rally to begin. ‘And he won’t have the dislike of Hillary working in his favor,’ he said in remarks that proved to prescient.

The Republican incumbent set the tone for the monster rally in Florida he'd be appearing at in the evening in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

 

The US President and First Lady Melania Trump are pictured stepping off Air Force One upon arrival at Orlando International Airport in Orlando, Florida Tuesday

The US President and First Lady Melania Trump are pictured stepping off Air Force One upon arrival at Orlando International Airport in Orlando, Florida Tuesday

Special advisor to the US president Jared Kushner and White House Press Secretary Sarah Huckabee Sanders wait for the arrival of US President Donald Trump and First Lady Melania Trump at Orlando International Airport

Michael Boulos and Tiffany Trump wait for the arrival of US President Donald Trump and First Lady Melania Trump at Orlando International Airport in Orlando

Special advisor to the US president Jared Kushner and White House Press Secretary Sarah Huckabee Sanders, left, and Michael Boulos and Tiffany Trump, right, wait for the arrival of US President Donald Trump and First Lady Melania Trump at Orlando International Airport on Tuesday

Donald Trump is putting an advisory on his Orlando rally, saying the official launch of 2020 campaign will be 'wild,' after supporters camped out in tents to save their places in line like they were waiting in line for a free concert with Rihanna

Donald Trump is putting an advisory on his Orlando rally, saying the official launch of 2020 campaign will be ‘wild,’ after supporters camped out in tents to save their places in line like they were waiting in line for a free concert with Rihanna

Supporters of President Donald Trump wait in line hours before the arena doors open for a campaign rally Tuesday

Supporters of President Donald Trump wait in line hours before the arena doors open for a campaign rally Tuesday

Patriotic colors: Trump supporters came in red white and blue for the campaign kick-off

Patriotic colors: Trump supporters came in red white and blue for the campaign kick-off

Determined: The early start was an attempt by the fanatical Trump backers to be at the front of the crowd for the campaign kick-off

Determined: The early start was an attempt by the fanatical Trump backers to be at the front of the crowd for the campaign kick-off

https://www.dailymail.co.uk/news/article-7156179/Trumps-2020-kickoff-features-media-bashing-attacks-Joe-Biden-old-foe-Hillary-Clinton.html

 

Trump, in 2020 campaign mode, calls Democrats ‘radical’

today

President Donald Trump jabbed at the press and poked the political establishment he ran against in 2016 as he kicked off his reelection campaign with a grievance-filled rally focused more on settling scores than laying out his agenda for a possible second term.

Addressing a crowd of thousands at Orlando’s Amway Center on Tuesday night, Trump complained he was “under assault from the very first day” of his presidency by a “fake news media” and an “illegal witch hunt” that had tried to keep him and his supporters down.

He painted a disturbing picture of what life would look like if he loses in 2020, accusing his critics of “un-American conduct” and saying Democrats “want to destroy you and they want to destroy our country as we know it.”

“A vote for any Democrat in 2020 is a vote for the rise of radical socialism and the destruction of the American dream,” he said. Trump made only passing mention of any of the Democrats running to replace him even as he tossed out “radical” and “unhinged” to describe the rival party.

Trump has long railed against the special counsel’s investigation into Russian meddling in the 2016 election and the ongoing probes by House Democrats in the aftermath of Robert Mueller’s report .

President Donald Trump officially kicked off his re-election campaign Tuesday with a grievance-filled Florida rally. "We're going to keep it better than ever before," he declared. (June 18)

The apocalyptic language and finger-pointing made clear that Trump’s 2020 campaign will probably look a whole lot like his run three years ago. Even after two-and-a-half years in the Oval Office, Trump remains focused on energizing his base and offering himself as a political outsider running against Washington.

Republican Party Chairwoman Ronna McDaniel tweeted Wednesday morning that Trump had raised $24.8 million in less than 24 hours for his reelection.

In his speech, Trump spent considerably more time focused on former Democratic rival Hillary Clinton than on his current 2020 challengers, even though she is not on the ballot.

Thousands of Trump supporters began gathering outside the arena on Monday.

“Trump has been the best president we’ve ever had,” said Ron Freitas, a retired Merchant Marine and registered Democrat from Orlando.

Hundreds of anti-Trump protesters clapped and took photos when a 20-foot (6-meter) blimp of a snarling Trump baby in a diaper was inflated. Some members of the far-right hate group Proud Boys were also spotted marching outside the rally.

Trump aides scheduled the kickoff near the four-year anniversary of the day when the former reality television star and New York tabloid fixture launched his longshot campaign for president with a famous escalator ride in front of a crowd that included paid actors.

Trump spoke fondly of his 2016 race, calling it “a defining moment in American history.” He said that in the years since, he had upended Washington, staring down “a corrupt and broken political establishment” and restoring a government “of, for and by the people.”

He never has really stopped running. He filed for reelection on Jan. 20, 2017, the day of his inauguration, and held his first 2020 rally in February, 2017, in nearby Melbourne. He has continued holding his signature “Make America Great Again” rallies in the months since.

Trump asked the crowd whether he should stick with “Make America Great Again” or upgrade his slogan. His new one — “Keep America Great” — was greeted with boisterous cheers.

Trump is hoping to replicate the dynamics that allowed him to take charge of the Republican Party and then the presidency as an insurgent intent on disrupting the status quo. In 2016, he successfully appealed to disaffected voters who felt left behind by economic dislocation and demographic shifts. He has no intention of abandoning that mantle, even if he is the face of the institutions he looks to disrupt.

The president underscored that on the eve of the rally in must-win Florida, returning to the hardline immigration themes of his first campaign by tweeting that next week, Immigration and Customs Enforcement “will begin the process of removing the millions of illegal aliens who have illicitly found their way into the United States.”

That promise, which came with no details and sparked Democratic condemnation, seemed to offer a peek into a campaign that will largely be fought along the same lines as his first bid, with very few new policy proposals for a second term.

Early Democratic front-runner Joe Biden said Trump’s politics are “all about dividing us” in ways that are “dangerous — truly, truly dangerous.”

Another leading Democratic contender, Vermont Sen. Bernie Sanders, said Trump had delivered “an hour-and-a-half speech of lies, distortions and total, absolute nonsense.”

But those involved in the president’s reelection effort believe his version of populism, combined with his mantra to “Drain the Swamp,” still resonates, despite his administration’s ties with lobbyists and corporations and the Trump family’s apparent efforts to profit off the presidency.Critics have pointed out his constant promotion for his golf courses, both at home and abroad, and note that this daughter, White House senior aide Ivanka Trump, made $4 million last year from her stake in the president’s Washington hotel, which has become a favored destination for foreign nationals looking to curry favor with the administration.

Advisers believe that, in an age of extreme polarization, many Trump backers view their support for the president as part of their identity, one not easily shaken. They point to his seemingly unmovable support with his base supporters as evidence that he is still viewed the same way he was as a candidate: a political rebel.

Trump tried to make the case that he had made good on his 2016 promises, including cracking down on illegal immigration and boosting jobs.

Near the rally’s end, Trump ran through a list of promises for a second term, pledging a new immigration system, new trade deals, a health care overhaul and a cure for cancer and “many diseases,” including eradicating AIDS in America.

https://apnews.com/947182a691e6498ca4488e9fc8f9e4b5

President Trump spent a Tuesday night rally he’d advertised as a 2020 kickoff hammering his old foe Hillary Clinton for acid washing her emails and failing to deliver on her pledge to beat him, while Democrats vying for the party’s nomination now escaped his wrath.

Noting that he’s under constant media scrutiny, Trump said that he’d be sent to the slammer if he ordered aides to destroy potential evidence.

‘But, can you imagine if I got a subpoena, think of this, if I got a subpoena for emails, if I deleted one email like a love note to Melania, it’s the electric chair for Trump,’ he claimed in a campaign speech in Orlando.

Trump said subpoenas he’s receiving are not about Democratic claims that his campaign may have colluded with Russia.

 

A sunshine state of mind! Melania and Donald Trump gaze lovingly at one another as they leave the White House hand-in-hand and head to Florida for the president’s 2020 rally

  • Trump, 73, and Melania, 49, departed the White House together on Tuesday to fly to Florida
  • The President will be officially launching his 2020 campaign with a rally at the Amway Center
  • The first lady wore a summery $2,290 white eyelet Andrew Gin dress with a pair of red and white polka-dot heels
  • She grinned at her husband as they walked hand-in-hand to Marine One
  • Melania is not expected to speak at the event, which will include an estimated 20,000 people

Donald and Melania Trump had a rare romantic public moment on Tuesday as the two left the White House for Orlando, Florida.

The President and first lady walked hand-in-hand across the South Lawn of the White House before boarding Marine One on their way to Trump’s 2020 campaign kickoff rally.

Cameras caught the couple sharing a warm smile as they held onto each other, Trump, 73, dressed in a navy suit and red tie and his 49-year-old wife took advantage of the June heat in a $2,290 summery white eyelet dress from Andrew Gin, and red polka-dot heels.

All smiles: Donald and Melania Trump held hands and beamed at one another as they walked across the White House lawn to begin their trip to Orlando, Florida, on Tuesday

All smiles: Donald and Melania Trump held hands and beamed at one another as they walked across the White House lawn to begin their trip to Orlando, Florida, on Tuesday

Ready to get away! The 49-year-old first lady couldn't wipe the smile off her face as she and the president strolled across the South Lawn

Ready to get away! The 49-year-old first lady couldn’t wipe the smile off her face as she and the president strolled across the South Lawn

On their way: They appeared to be in good spirits as they set out for Orlando, Florida+19

On their way: They appeared to be in good spirits as they set out for Orlando, Florida

Hands on: At one point, Trump clasped one of Melania's hands in both of his own+19

Hands on: At one point, Trump clasped one of Melania’s hands in both of his own

The couple isn’t typically much for PDA but shared an intimate smile as they walked passed photographers.

They held each other’s hands, with Trump stopping at one point in order to clasp Melania’s left hand in both of his own.

Melania beat the heat, which is hovering in the mid-to-high 80s in Washington, D.C. today, in a breezy but figure-flaunting white sleeveless dress, which featured a seasonally appropriate eyelet patter with floral cutouts on the top.

She accessorized with a pair of dark sunglasses and red and white pointy-toe pumps. while wearing her brown hair blown out around her shoulders.

The couple, who married in 2005, celebrated their 14th wedding anniversary in January, just one year less than he was married to his first wife Ivana.

The couple grinned as they boarded Marine One and then switched planes for Air Force One at Andrews Air Force Base in Maryland.

Hot out here: Melania wore a summery white eyelet dress for the occasion, as temperatures soared into the high 80s+19

Hot out here: Melania wore a summery white eyelet dress for the occasion, as temperatures soared into the high 80s

Protection: She shielded her eyes behind a pair of sunglasses+19

Protection: She shielded her eyes behind a pair of sunglasses

High heels: On her feet were a pair of red polka dot pointy-toe pumps+19

High heels: On her feet were a pair of red polka dot pointy-toe pumps

Ready to go: The well-coiffed first lady had her hair and nails done+19

Ready to go: The well-coiffed first lady had her hair and nails done

They’re flying down not to Mar-a-Lago but Orlando, where Trump is kicking off his 2020 presidential campaign at the Amway Center in front of an estimated 20,000 people.

Trump’s campaign is transforming the area outside the arena to have a festival-like atmosphere, with music and food trucks to help supporters pass the time.

The most coveted positions are not seats at all, but standing positions near the front of the stage. Backers of the president in that area are likely to get a handshake, a selfie or Trump’s autograph at the event that formally marks the beginning of his campaign for a second term.

All of Trump’s children and his wife Melania will be with him at the event, sources told DailyMail.com, as will the Mike Pence, the president’s running mate and the nation’s vice president.

The first lady does not plan to make formal remarks on Tuesday night, her office said, but given the president’s tendency to call on people to speak, she could end up addressing the crowd.

Donald Trump, Jr., on the other hand is expected to give remarks before the rally.

Beat the heat: Melania kept breezy in the lightweight dress+19

It will likely also serve her well in the Florida heat+19

Beat the heat: Melania kept breezy in the lightweight dress, which will likely also serve her well in the Florida heat

Staying behind: The first lady does not plan to make formal remarks on Tuesday night, her office said+19

Staying behind: The first lady does not plan to make formal remarks on Tuesday night, her office said

Change of plan? The couple's 13-year-old son Barron is also expected to be at the rally, but was not seen traveling with them+19

Change of plan? The couple’s 13-year-old son Barron is also expected to be at the rally, but was not seen traveling with them

Family affair: Trump's adult children — Ivanka, Don Jr., Eric, and Tiffany — are also expected to be there+19

Family affair: Trump’s adult children — Ivanka, Don Jr., Eric, and Tiffany — are also expected to be there

Melania continued to smile at her husband as they switched planes at Joint Base Andrews+19

Melania continued to smile at her husband as they switched planes at Joint Base Andrews

See ya! Trump waved goodbye as they boarded the plane together+19

See ya! Trump waved goodbye as they boarded the plane together

The president’s eldest son is a frequent presence at campaign events — with and without his father — and often serves as a warm-up act for the president’s supporters. He’s also campaigned and raised money for other Republican candidates since his father entered politics.

His girlfriend Kimberly Guilfoyle, a former Fox News personality, is also scheduled to be at the rally. She serves as a senior adviser to the president’s reelection campaign.

Senior advisers and family members to the president Jared Kushner and Ivanka Trump are also expected to be at the rally.

It’s unclear if Lara Trump, wife of Eric Trump, will be in Orlando. She serves as a senior adviser to the president’s campaign, but is also pregnant with the couple’s second child. She made a state trip to the UK in early June.

It will be 13-year-old Barron Trump’s first appearance at a campaign rally since his father took office.

Trump’s youngest daughter Tiffany, who has been less involved than her older siblings in her father’s campaigns and administration, will also be there.

Orlando Trump supporters stakeout spots ahead of rally

Waiting for him: The rally will mark the official launch of 2020 campaign+19

Waiting for him: The rally will mark the official launch of 2020 campaign

Patience: Supporters waited in line hours before the arena doors opened on Tuesday+19

Patience: Supporters waited in line hours before the arena doors opened on Tuesday

Patriotic colors: Trump supporters came in red white and blue for the campaign kick-off

Wild: The Republican incumbent set the tone in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

President Trump release his 2020 campaign ad for re-election

The Republican incumbent set the tone for the monster rally in Florida he’d be appearing at this evening in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour.

‘The Fake News doesn’t report it, but Republican enthusiasm is at an all time high. Look what is going on in Orlando, Florida, right now! People have never seen anything like it (unless you play a guitar). Going to be wild – See you later!’ he said.

Trump had apparently dropped a claim that ‘thousands’ turned up on Monday, with about 250 people camping overnight. But the numbers grew steadily as temperatures soared in Orlando Tuesday, reaching 87 degrees before an hour-long downpour that soaked a waiting crowd.

A new Quinnipiac poll showed Trump losing Florida to Democratic nemesis Joe Biden. The former vice president would beat Trump by nine points, 50 – 41 per cent, the newly-released survey showed.

Vermont Sen. Bernie Sanders would win by a similar margin, 48 – 42, while other top Democrats would perform in the poll’s margin of error

https://www.dailymail.co.uk/femail/article-7155853/Melania-Trump-smiles-warmly-husband-depart-Orlando-campaign-kickoff-rally.html

 

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The Pronk Pops Show 1251 May 6, 2019, Story 1: United States Sends Aircraft Carrier Group and Bomber Task Force To Middle East to Counter Iranian Threats — Videos — Story 2: After Nearly 700 Rockets From Hamas and Islamic Jihad in Gaza Strip Kills 4 Israelis and 22 Palestinians — Israeli Airstrikes Attack Hamas and Kill Commander in Gaza City — Ceasefire Reached But Most Likely Will Not Hold — Videos — Story 3: President Trump Threatens To Impose a 25% Tariff on $200 Billion of Chinese Exports into United States After Chinese Communist Renege on Trade Deal Commitments — Time To Pull The Trigger on 25% Tariff on Chinese Goods — Videos

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