The DNC idiots have thereby unwittingly opened the door to discovery, "the compulsory disclosure, by a party to an action, of relevant documents referred to by the other party".
Saturday, April 21, 2018
Friday, April 20, 2018
Our Chinese enemy, lyin' Xi Jinping
Bill Gertz, here:
China has deployed electronic attack systems and other military facilities on disputed islands in the South China Sea and is now capable of controlling the strategic waterway, according to the admiral slated to be the next Pacific Command chief. ...
"In the South China Sea, the PLA has constructed a variety of radar, electronic attack, and defense capabilities on the disputed Spratly Islands, to include: Cuarteron Reef, Fiery Cross Reef, Gaven Reef, Hughes Reef, Johnson Reef, Mischief Reef and Subi Reef," Davidson said. ...
The militarization contradicts a promise from Chinese supreme leader Xi Jinping not to militarize the South China Sea that is used as a waterway transit for an estimated $5.3 trillion in goods annually.
"These actions stand in direct contrast to the assertion that President Xi made in 2015 in the Rose Garden when he commented that Beijing had no intent to militarize the South China Sea," Davidson said.
"Today these forward operating bases appear complete. The only thing lacking are the deployed forces."
The occupied islands will permit China to extend its influence thousands of miles southward and project power deep into the Oceania.
"The PLA will be able to use these bases to challenge U.S. presence in the region, and any forces deployed to the islands would easily overwhelm the military forces of any other South China Sea-claimants," Davidson said. "In short, China is now capable of controlling the South China Sea in all scenarios short of war with the United States."
Thursday, April 19, 2018
Wednesday, April 18, 2018
Maybe gasoline wouldn't cost as much if we didn't export 8% of our consumption
In 2017 our consumption of gasoline came to 3.40 billion barrels, but that year we exported 0.273 billion barrels, or 8% of that consumption, a new record. Consumption actually fell in 2017 from 2016 when consumption hit 3.41 billion barrels.
The news today says prices are climbing because of increased demand and tighter supplies. But as prices have risen in the last year, miles-traveled are down sharply year over year in January. Growth of miles-traveled had barely caught up with pre-recession levels in 2016 and 2017 and is now on the verge of recession-like conditions to start 2018.
We'll see if any of this continues, but one thing's for sure. Paying $3.00+/gallon this summer isn't what we voted for when we voted for Donald Trump.
Tuesday, April 17, 2018
TrimTabs: 1Q2018 pace of corporate stock buybacks and deals outstrips pace of wage increases by 85%
For the five years previous to the Trump corporate tax cuts, buybacks and deals outstripped wage increases $4.9 trillion to $2.3 trillion. The pace increased in the first quarter to a projected five-year level of $6.1 trillion to $2.6 trillion, meaning the pace of stock buybacks and deals is up 24% but only 13% for wage increases. The difference between those two rates of increase is nearly 85%.
The CNBC story, "Tax cut riches have gone to execs and investors over workers by nearly 3-to-1 margin", is here. The headline exaggerates the 1Q2018 ratio of buybacks of $305 billion to wage increases of $131 billion, which is actually 2.3:1.
Liberal math, but still. The Trump tax cuts are going to top managers and stockholders overwhelmingly compared with the masses of ordinary wage earners.
This explains the resilience of the stock market indices near their record highs. The tax cut cash is flowing into stocks, boosting and supporting prices.
Monday, April 16, 2018
Sunday, April 15, 2018
Congress may end up getting rid of Jeff Sessions and Rod Rosenstein if Trump won't
The window for that, however, closes if Republicans lose the House in November. Reps. Jordan and Nunes ought to consider that the Department of Justice will continue to slow-walk this just enough to get them there.
From the story here:
Although the DOJ cooperated with the lawmakers Wednesday, the department has still failed to fully comply with congressional subpoenas for thousands of documents. Thus, Attorney General Jeff Sessions appointed U.S. Attorney John Lausch of the Northern District of Illinois to speed up efforts to deliver documents lawmakers have been seeking for months. But if the process drags out too much longer, [Rep.] Jordan said there would be severe consequences for Rosenstein, Wray and Sessions.
"My attitude is just like [Nunes']. If things don't change dramatically — and I'm talking days, not weeks or months — if they don't change dramatically, then impeachment and contempt and resignations should all be on the table," Jordan warned. "Because we're tired of it, and more importantly the American people are tired of it."
Two US guided-missile destroyers never fired a shot, Syria attacked instead from three other directions
Bloomberg reports here in "Warship Ruse and New Stealth Missiles: How the U.S. and Allies Attacked Syria":
While both vessels carry as many as 90 Tomahawk missiles -- the main weapon used in the Friday evening strike on Syria -- neither ship in the end fired a shot. Instead, according to a person familiar with White House war planning, they were part of a plan to distract Russia and its Syrian ally from an assault Assad’s government could do little to defend itself against.
Saturday, April 14, 2018
Miloš Forman has passed away at 86
The Czech director of Amadeus (1984, won 8 Academy Awards) and One Flew Over The Cuckoo's Nest (1975, won 5 Academy Awards) had made his American home in Connecticut.
The LA Times has the obit, here.
SECDEF Mattis has called the joint missile strike on Syria a "single shot", not an opening salvo in a war
Reported here:
Mattis said the strike was a “single shot” aimed to deter the Syrian regime from using chemical weapons. Whether the United States and its allies will pursue further action in Syria would “depend on Mr. Assad should he decided to use more chemical weapons in the future," the secretary said.
Critics will no doubt say the April 2017 missile attack was a one-off, too. How many one-offs does it take before we're at war?
US, France and Great Britain attack Syrian chemical facilities after 6th Russian veto at the UN on Tuesday
From the veto story here:
Washington (CNN) -- Russia vetoed a US draft resolution at the UN Security Council Tuesday that would have established an independent investigation into the suspected use of chemical weapons in Syria. ... In November, Russia blocked the renewal of the independent panel investigating chemical weapons in Syria, and British Ambassador Karen Pierce reminded the council that Tuesday's vote marked Russia's sixth veto related to chemical weapons in Syria. Seven nations -- including the US -- voted against a Russian resolution that would have set up an investigation overseen by the Security Council. According to Haley, that draft was designed to give Russia a chance to approve the investigators who were chosen for the task and allow the Security Council to assess the findings of the investigation before any report was released. A second Russian resolution that only supported the Organization for the Prohibition of Chemical Weapons fact-finding mission in Syria also failed to pass. The organization is made up of an international team of investigators but it cannot on its own determine who was responsible for the attack.
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