JUN 28 17 SIT EC y POL
ND denuncia
debacle d Globaliz neoliberal y propone State-Social + Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal globalization is over.
Financiers know it, they documented with graphics
"Secular stagnation" is an idea of ivory towered economists. Schumpeter showed how bloated government and unnecessary regulation crimps activity. The perhaps unfashionable answer remains to privatize state enterprises, deregulate markets and break up too-big-too-fail banks. In simple terms, some government is good; too much government is bad.
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"So far, the Fed’s efforts to tighten financial conditions have achieved too little, not too much."
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“There’s nothing ambiguous about that... You could
entitle this, you know, Relief for the Rich Act or something..."
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"Transitory..."
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After four months of almost incessant panic-buying of 'growth' stocks in passive ETFs, something unusual happened this week... US Growth ETFs saw their biggest outflows since inception.
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Last night's unexpected API builds kneejerked prices lower but a weaker dollar helped levitate WTI/RBOB into the DOE print. While tropical depression Cindy may have affected the data, DOE reports a small build in crude (expectations for a draw) but all eyes were on gasoline which drew 894k, well below API's build levels and expectation of no change. Production in the Lower 48 fell 100k b/d - the biggest drop since Aug 2016 (likely impacted by Cindy).
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After modest bounces in existing and new home sales (despite weakness in starts and permits and mortgage application declines), pending home sales in May tumbled 0.8% MoM and were revised even lower (-1.7%) in April. This dismal print was below all economists' expectations, missing by 4 standard deviations. This is the 3rd straight monthly drop and 2nd straight annual decline in pending home sales.
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POLITICS
La seudo
democ y sist duopolico es obsoleto por
fraudulento y corrupto. Urge cambiarlo
This morning
the House Financial Services Committee is holding a hearing that will evaluate
how Federal Reserve policies are adversely affecting households, small
businesses, savers, and retirees.
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"Janet
Yellen said yesterday that 'she does not believe that there will be a run on
the banking system at least as long as she lives'... The only word I can use to describe this belief is 'delusional'..."
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WORLD ISSUES and ME
Global depression is on…China, RU,
Iran search for State socialis+K- compet. D rest in limbo
Mike Novogratz said yesterday that he would be adding if Ether dropped near
$200, and as it did overnight, a bid
appeared and helped by positive comments in a World Economic Forum whitepaper on "realizing the potential of
blockchain," Ethereum has exploded higher, topping $300.
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DEMOCRACY NOW
US politics crisis: Trump captured by
Deep state to reproduce old cronyism without alter-plan
"America
is on Trial": Historian Ibram X. Kendi on the Failure to Convict Cops Who
Kill Black People
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D.C.
Police Accused of Using "Rape as Punishment" Targeting Some Arrested
During Trump Inauguration Le rompieron la virginidad al Nuevo Pdte?… o
ya vino con bolsillo de payaso
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GLOBAL RESEARCH
Global Econ-Pol crisis leads to more
business-wars: profiteers US-NATO under
screen
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INFORMATION CLEARING HOUSE
Deep on the US political crisis,
their internal conflicts n chances of WW3
Syria: U.S. Buildup All About Iran By Sharmine Narwani
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Are There any Limits to U.S. Hypocrisy? By Anna Jaunger
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Presstitutes, Not Russia, Interfered in the
US Presidential Election By
Paul Craig Roberts
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Russia-gate Is No Watergate or Iran-Contra By Robert Parry
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UAE Asked US to Bomb Al Jazeera, Says 2003
Cable By Alex MacDonald
Cable,
published by Wikileaks, refers to UAE asking for Qatari channel to be targeted
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Gonna’ Have to Face It, You’re Addicted to
War By Ron Jacobs
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Watch: A Dose Of Reality By George Carlin
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COUNTER PUNCH
Vijay Prashad Modi
and Trump: When the Titans of Hate Politics Meet
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Jim Lobe – Giulia McDonnell
Is
Trump Blundering Into the Next Middle East War?
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John W. Whitehead The
Age of No Privacy: the Surveillance State Shifts into High Gear
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SPUTNIK and RT SHOWS
The nasty business of US-NATO-Global-wars
uncovered .. pro RU view
MORE BUSINESS-WEAPONS, more terrorist war abroad, more chances of
WW3
Lockheed Martin Gets Hundreds of Millions to Provide F-35 Mission Gear https://sputniknews.com/military/201706291055068919-lockheed-provide-f-35-gear/
The Department of Defense said that Lockheed Martin has been awarded
more than $257 million to provide F-35 fighter jet mission equipment to the
United States and its international partners.
"Lockheed Martin Corp., Lockheed Martin Aeronautics Co.,
Fort Worth, Texas, is being awarded a $257,780,849 to the previously
awarded low-rate initial production lot 10 F-35 Lightning II advance
acquisition contract," the release explained Wednesday. "This
modification provides the procurement of 129 alternate mission equipment
for the Air Force, Navy and Marine Corps, and international partners
under foreign military sales."
RELATED
PENTAGON AWARDS CONTRACT TO ACCELERATE MISSILE DEFENSE DEPLOYMENT IN POLAND https://sputniknews.com/military/201706291055068835-pentagon-accelerate-poland-deployment/
Lockheed Martin has received a multimillion
contract to pay for advanced timetable to complete Aegis Ashore missile defense
site in Poland.
Lockheed Martin has received a more than $14.1
million Missile Defense Agency contract to pay for advanced timetable
to complete Aegis Ashore missile defense site in Poland, the
Department of Defense said in a press release.
"Lockheed Martin Overseas [of] Moorestown, New Jersey
has been awarded a $14,148,727… contract," the release said
on Wednesday. "This effort will allow for risk mitigation efforts
related to schedule compression for the completion of the Poland
Aegis Ashore site."
The modification brings the total value of the
contract to $51,206,691, the Defense Department noted.
Work on the project will be performed
in Redzikowo, Poland with an expected completion date
of December 31, 2018, the release added.
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PETYA ATTACK: CYBERCRIME OR TEST-RUN FOR GOVERNMENT WARFARE? https://sputniknews.com/us/201706291055065574-petya-attack-exposes-cyber-vulnerability/
Institutions in the US and Europe have been crippled by the Petya
ransomware attack, affecting shipping and food companies, legal firms and even
hospitals. Radio Sputnik’s Loud and Clear spoke with NSA whistleblower Bill
Binney about the attack and the role the NSA plays in leaving the country
vulnerable to cyberattacks.
Ransomware
is malicious software that infects a system, encrypts its files and demands the
user pay to regain access to their data – maybe. There’s no guarantee
the infection will actually be resolved after payment.
Binney believes the Petya attack was probably rooted in Vault
7, a series of CIA hacking tools recently published by WikiLeaks.
"The
NSA has been working on these attacks for two decades now, and
they’ve known about some of them for that long,” he
told Loud and Clear host Brian Becker. "And the problem is,
in my view, they’ve been using short-sighted, finite thinking in the
whole process, by saying 'let’s keep all these weaknesses secret so that
we can read what everyone is saying to one another. We can penetrate their
firewalls, operating systems, networks, switches and so on, and be able
to get in and see what everybody is doing.'"
It’s not just NSA sloppiness that’s to blame. It’s not too
great a stretch to call these cyberattacks something of an NSA
scam.
"Once you have all these weaknesses and you don’t fix
them, that means nobody has cybersecurity," Binney said. "And they do
that just for the sake of being able to read what everybody’s
saying. By leaving us vulnerable, we’re all getting attacked, and when we get
attacked what they say is, 'We need more cybersecurity and we need more money
to protect you,' When in fact they’ve known all along. I call this a
basic swindle."
Petya is the second of two major global cyberattacks
in as many months, with the first being May’s “Wannacry” attack,
which infected 230,000 computers in more than 150 countries,
including parts of the UK’s National Health Service and FedEx.
Becker clarified, "So we have a situation where the NSA, who is
supposedly protecting us, keeps these vulnerabilities of other companies
open, even though the NSA has discovered the flaw. And now what’s happening is
these ransomware criminals are basically stealing the program from the
NSA."
Becker asked Binney whether it’s possible that the Petya attack
wasn’t what it appeared, that instead of a cybercrime, it could be a
government testing a new battleground.
Binney replied that it’s "certainly possible" that
the attack could be a test run for cyberwarfare.
"If you’re developing cyberwarfare software, you can run
it in a lab and test it to see how it works, but you never
really know until you bring it out into the network and try it. The
attacks we’ve seen could potentially be tests of that."
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RUSSIAN, CHINESE FIRMS TO INK DEALS WORTH $10BLN DURING XI'S VISIT https://sputniknews.com/business/201706291055068623-russia-china-ing-billions-deals/
Assistant Foreign Minister Li Huilai says that
Russian and Chinese companies plan to sign dozens of deals worth over $10
billion during President Xi Jinping’s visit to Moscow next week.
Xi is expected to travel to Russia
for a two-day visit on July 3. He will hold talks with President
Vladimir Putin and Prime Minister Dmitry Medvedev, with topics ranging
from energy and trade to strategic cooperation.
RELATED
SYNERGY EFFECT: HOW CHINA CAN FACILITATE RUSSIA'S NORTH KOREA'S ROADMAP https://sputniknews.com/asia/201706281055048195-russia-north-korea-roadmap/
On Tuesday, Russia’s Foreign Ministry said that Russia has drafted a
roadmap on the settlement of the North Korean dispute, with China hailing
Moscow's efforts. Russian expert in the Asian Studies Georgy Toloraya told
Sputnik that Russian-Chinese efforts could have a greater effect than the sum
of their individual effects.
Security guarantees should be provided to North Korea
in order for it to abandon its nuclear program, Morgulov stated.
"The issue is ensuring that all countries in the
subregion feel equally safe, and in the case of North Korea these
should be guarantees that would lead to Pyongyang's refusal from its
missile and nuclear programs," the top diplomat
said.
He listed as first steps "manifestations of mutual
restraint, not provoking each other, initiating negotiations on the
general principles of relations such as non-aggression, rejection
of the use and threat of force."
Military provocations aggravate tensions on the Korean
Peninsula and could boil over into armed conflict with the potential
use of nuclear weapons, Morgulov stated.
"We are convinced that military provocations, saber
rattling, militant statements, wherever they emanate from, only exacerbate the
situation, bringing it to a critical point," Morgulov
said.
The Deputy Foreign Minister added that Russia is coordinating its
road map on the settlement of the North Korean issue with China.
"[Moscow acts] in coordination with Chinese partners
who are concerned about what is happening on the Korean
Peninsula," Morgulov
said.
He highlighted Beijing's
"double freeze" proposal to simultaneously halt North Korean
nuclear missile tests and US-South Korean military drills, as well as
"parallel advancement" toward denuclearization and creating a
regional system of peace and security.
On Wednesday, China
welcomed Russia's roadmap to resolve the nuclear issue of the Korean
Peninsula.
"We welcome any
initiatives and actions that will contribute to denuclearization
as well as peace and stability on the Korean Peninsula. We also
remain open to Russia’s proposal," Chinese
Foreign Ministry Spokesperson Lu Kang told a press briefing.
The initiative
of mutual suspension [of North Korea’s nuclear and missile programs and
the US and South Korean military exercises] put forward by China is aimed
at allaying the parties’ fears and resuming the six-party talks
as soon as possible," the diplomat added.
"More and more
countries have expressed understanding and support for the initiative,
which coincides with Russia’s proposal. We maintain intense contacts
on the roadmap," he said.
Since then, the expert
said, the situation has greatly deteriorated as the US and South Korea did
not want to follow this route. Russia's current roadmap provides more
distinct ways of easing tensions in the region.
"It is very important that this roadmap was drafted and
revealed after close consultations with China. This shows that our
two countries are acting together in the settlement of the North
Korean issue. Russia, however, could be in a more advantageous position
as it is able to play the role of a neutral mediator," the expert said.
He further explained that Russia does not have any encounters
with the US in the Asian region, while for China, the Korean
issue is closely interconnected with other encounters with the US
in the region, such as mutual trade and the South China Sea dispute.
China and the US, he said, are engaged in a complicated exchange
of mutual concessions.
Russia, Toloraya explained, could act from a relatively
independent position and have the most trust from North Korea
among all the four countries (Russia, China, the US, South Korea). Hence
Russia is able to play a constructive role not only in suggesting
but also in implementing this initiative.
MORE ON THIS ISSUE AT:
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RT SHOWS
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WASHINGTON BLOG
Flash points on US politics: internal
contradict.. Hugh Smith good articles reproduced
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American Samizdat
What happens when America’s top investigative journalist reports what
its media-owners don’t want the public to know?
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NOTICIAS IN SPANISH
Latino America fight to break with
collapsing Empire: leftist view on
alternatives
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La voluntad y el deseo: el dilema
feminista Santiago Alba Rico
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Estrategias de la guerra mediática
(Parte 3) Blanca Montoya
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PRESS TV
Global situation described by Iranian
observers.. Titles distorted n incomplete sentences
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