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Wall Street Journal says tax cuts will grow the economy more than expected

trump
© AFP
Tax cuts are going to grow the economy by much more than expected.

That's the verdict of the Wall Street Journal's prestigious "Heard on the Street" column. Importantly, Heard on the Street is run by the news side of the WSJ, not its tax-cut loving editorial page. So there's no particular pro-tax cut or pro-Republican bias at work here.

Comment: Maybe the point should not so be much about whether the economy grows or not - but rather if the growth will translate into a better redistribution of wealth among the middle and working classes.


Cell Phone

D.C. woman accuses Congressman Ruben Kihuen of sexual harassment for flirting

Rep. Ruben Kihuen, D-Nev.
© Jeff Scheid
Rep. Ruben Kihuen, D-Nev. addresses a group during Immigrant Heritage Month celebration at the Asian Culture Alliance/Center on Saturday, June 10, 2017.
A 24-year-old woman who works at a Washington, D.C. firm that did business with Nevada Rep. Ruben Kihuen's campaign said the freshman congressman made unwanted overtures and asked overly personal questions of her this fall while his campaign was a client of her firm.

The woman, who asked not to be identified because she fears it could jeopardize her future career prospects, is the fourth to come forward with accounts of unwanted advances from the 37-year-old Democratic lawmaker and the first to publicly describe interactions that happened after he was elected to Congress. The House Ethics Committee announced Friday that it would open an investigation into allegations of sexual harassment against Kihuen; the congressman said he welcomed a chance to clear his name, although he announced on Saturday that he would not seek re-election because he claimed allegations would distract from running a campaign.

The woman described to The Nevada Independent conduct that she said made her feel flustered and uncomfortable, including Kihuen asking at the office why she didn't have a boyfriend, asking if she lived alone and offering to help her move up in her career - something she interpreted as a possible suggestion for sexual favors.

Comment: So now we have a Congressman being accused of trying to pick up women. What a sleazebag. All it seems he's guilty of is not understanding the appropriate place for this kind of behaviour and maybe being a little more persistent than saner heads would deem acceptable. But it's not a crime and these women would probably be well advised to simply learn to say "stop," taking it to the proper authorities if the behaviour persists. But shaming people in the press is apparently the new first course of action rather than a last resort. See also:


Mr. Potato

Pelosi fails to show up on tax cut protest after only a handful of people show up

Pelosi
© Joshua Roberts / Reuters
House Minority Leader Nancy Pelosi
A handful of folks are really steamed that Republican lawmakers are planning to lower taxes, and they gathered in tiny conference room on Capitol Hill where House Minority Speaker Nancy Pelosi was slated to speak Monday.

But the demonstration was so weak, MSNBC reports, Pelosi didn't even bother to show up.


Comment: She probably didn't show up because she was hiding in a bunker, since she thinks Republican tax cuts are "the end of the world".


Star of David

Israel First! The 43 times US has vetoed UN resolutions against Israel

UN Security Council
© AFP
The UN Security Council is seen during a meeting on the situation in Palestine on 8 December in New York.
The United States vetoed a draft UN Security Council resolution on Monday that rejected President Donald Trump's move to recognise Jerusalem as Israel's capital, marking the 43rd time the US has used its veto power against Israel-related UN Security Council draft resolutions.


As Israel's biggest ally - the US gives Israel around $3bn in aid annually, largely military, each year.

The Egyptian-drafted text had broad support among the 15-member council, according to diplomats, with every country supporting the resolution but the US.

The US has used its veto power 42 other times against draft Security Council resolutions pertaining to Israel, according to the Jewish Virtual Library, since it first began using the veto in 1970.

Mr. Potato

Anti-Russian McCarthyite witch hunt comes for Jill Stein - because she once sat next to Putin and Flynn

Jill Stein
Two days ago I happened to write an article about the amazingly stupid conspiracy theory that the Green Party, which has run a presidential candidate every election since 1996, ran a presidential candidate in 2016 because of a Russian plot to sabotage American democracy. Today, Buzzfeed News reports that the Senate Intelligence Committee has asked Jill Stein's campaign to comply with a document search.

This is what Russiagate has come to. This psychotic conspiracy theory is now so desperate to turn this endless fountain of nothing into something that it is rifling through the documents of a campaign which received one percent of the popular vote because its candidate had dinner in Russia two years ago.

What else can I say about this besides what I wrote the other day? Jill Stein gave a perfectly reasonable explanation of the dinner she had in which she was photographed at a table with Michael Flynn and Vladimir Putin, and not one shred of evidence has ever been produced anywhere contradicting it. The Green Party necessarily has to run a presidential candidate every election in order to secure party viability; if they hadn't run Stein they would necessarily have run someone else. The existence of third parties is a perfectly legitimate, legally sanctioned and desirable part of the American electoral process, and in the rest of the world they are considered normal. There is no legitimate reason whatsoever to suspect that Stein's candidacy had anything to do with a Kremlin conspiracy.

Comment: Quick! Lets round up all Americans who ever sat down next to Putin and/or Flynn and lynch them! Oh no wait...
Hillary Clinton and Vladimir Putin
© RIA Novosti. Aleksey Nikolskyi



Mr. Potato

Is this a joke? Trump judicial nominee has glaring lack of legal knowledge (UPDATE)

Trump judicial nominee Matthew Petersen.
© Senate Judiciary Committee hearing screenshot
Trump judicial nominee Matthew Petersen.
At a Senate Judiciary Committee hearing on Wednesday, a panel of five Trump nominees for lifetime appointments to federal judgeships were interviewed simultaneously about their qualifications. A video, posted Thursday by Sen. Sheldon Whitehouse (D-RI), showed that the process did not go well for one of them.

Matthew S. Petersen, Trump's pick to be a United States District Judge for the District of Columbia, was the only one who raised his hand when Sen. John Kennedy (R-LA) asked if any of the five had "never tried a case to verdict in a courtroom." He then confessed that he also never participated a jury, criminal, or civil trial, in a state or federal court, had taken less than 10 depositions, and had never argued a motion in state or federal court.

Comment: This is too funny! At some point, (probably before the proceedings even got underway), this guy had to be thinking "I'm not supposed to be here". What's painful is to watch him stammer and flub his way through it. It probably would have been better for him to just say "I don't know anything. Can I go home now?"

See also: UPDATE: Petersen has withdrawn from consideration. From the Huffington Post:
Trump Judicial Nominee Drops Out After Embarrassing Hearing
12/18/2017 01:35

President Donald Trump's judicial nominee Matthew Petersen has withdrawn his name from consideration after a video went viral of him failing to answer basic questions about law in his confirmation hearing.

"It happened," an aide to a senior member of the Senate Judiciary Committee told HuffPost on Monday.

The White House later confirmed the news. "Mr. Petersen has withdrawn his nomination and the President has accepted," a White House official told HuffPost.

In his letter to the president, Petersen said he's withdrawing because he doesn't want to be "a distraction" to the administration.

"I had hoped that my nearly two decades of public service might carry more weight than my two worst minutes on television," he said. "However, I am no stranger to political realities, and I do not wish to be a continued distraction from the important work of your Administration and the Senate."



Stock Up

Any EU crackdown on cryptocurrencies will be dumb, hypocritical, and likely ineffective

bitcoin cryptocurrency
If we have something that decentralizes the money supply and threatens the business model of the banks, there's going to be pushback against it, claims former MI5 intelligence officer Annie Machon.

The European Union agreed on Friday to stricter regulations to prevent money laundering and the financing of terrorism using bitcoin exchange platforms.

"Today's agreement will bring more transparency to improve the prevention of money laundering and to cut off terrorist financing," Europe's Justice Commissioner Vera Jourova said.

RT discussed the issue with Annie Machon, a former MI5 intelligence officer, and Paul Rosenberg, a founder of Cryptohippie and CEO of Cryptohippie USA.

Comment: Funny that they should suddenly be so concerned about all this, because the biggest perpetrators of money laundering and terrorism have always been the banks. Just ask HSBC! It's also perfectly acceptable for super wealthy people and companies to have complete privacy and carte blanche when it comes to tax evasion.

So you can bet these are not the real reasons for any potential crackdown that the psychos try to put in place.


Quenelle

Despite the sanctions EU-Russia trade is recovering

The Polish-Russian border near the village of Ostre Bardo
© Peter Andrews / Reuters
The Polish-Russian border near the village of Ostre Bardo
Trade between Russia and the European Union started to improve in early 2017 despite trade barriers from mutual sanctions introduced three years ago, according to the latest report by the European Parliament.

"In the first half of 2017, EU-Russia trade grew by 26 percent year-on-year, ending a prolonged downturn," the report says.

However, mutual trade between Russia and the 26-nation bloc is still down by 45 percent against December 2013, according to Brussels analysts. At the same time, the EU reportedly remains Russia's biggest foreign trading partner. EU countries account for nearly 47 percent of Russian international trade, as of the middle of the current year.


Comment: It seems factions in the EU are at loggerheads with some bureaucrats hoping to halt trade and others going ahead anyway, as the numbers show. Whatever the party line is, the anti-Russian sanctions implemented in coordination with the US to hurt Russia's economy has failed, and clearly the EU is suffering the most:

Comment: Also See:


Boat

Sinking feeling? UK's brand new £3.1bn aircraft carrier has sprung a leak as cost for F-35 jets skyrockets

UK’s brand new £3.1bn aircraft carrier has sprung a leak HMS Queen Elizabeth
© Reuters
UK’s brand new £3.1bn aircraft carrier has sprung a leak HMS Queen Elizabeth
Britain's future flagship, the aircraft carrier HMS Queen Elizabeth, has sprung a leak. The ship, which will eventually be loaded with a fleet of F-35 fighter jets, is reportedly taking on 200 liters of seawater every hour.

As a result, the carrier may need to be taken back into dry dock. It currently resides in Portsmouth.

The leak is thought to be caused by a faulty seal, which insiders blame on Aircraft Carrier Alliance (ACA), the partnership that built the vessel. The 'significant' fault on the £3.1 billion ($4.1 billion) carrier was discovered during sea trials when an issue with a propeller shaft was spotted.


Comment: The issues plaguing the militaries of the western world are legion and quite aptly demonstrate how much of a racket defence is:


Queen Elizabeth herself commissioned the warship earlier this month, in a huge ceremony in Portsmouth, also attended by Prime Minister Theresa May.

The ACA, which will foot the bill for the repairs, played down the damage. A spokesman told the Sun: "It does not prevent her from sailing again and her sea trials program will not be affected. It is normal practice for a volume of work and defect resolution to continue following vessel acceptance."

BBC defense correspondent Jonathan Beale said the problem was "highly embarrassing" for the navy.

A Royal Navy spokesman said: "An issue with a shaft seal has been identified during HMS Queen Elizabeth's sea trials; this is scheduled for repair while she is alongside at Portsmouth. It does not prevent her from sailing again and her sea trials programme will not be affected."

Queen Elizabeth is 919ft long with a flight deck of four acres - space for three football pitches. When she comes into service she will have a mega 1,600 man crew and around 40 F-35B jets and Crowsnest helicopters.

However, the jets themselves, which will revolutionize air combat, have experienced a host of problems, significantly bumping up the cost of the order.

As well as the drop in the value of the pound, the Ministry of Defence (MoD) is no longer able to say exactly how much it will pay for the jets, nor how many Britain will order. It is currently stated there will be a £9.1 billion order for 48 from US giant Lockheed Martin, but this is liable to change.


However, the embattled planes are costing a huge amount of cash while the MoD looks to save £30 billion ($40 billion) in ten years.

Aviation expert Pierre Sprey, says the aircraft have an "unbelievably abnormal" amount of issues, including computing systems that are vulnerable to cyberattack and communication issues between the planes and ships.

Comment: Also See:


Brick Wall

Dutch Freedom Party leader calls for Trump-style Muslim travel ban in Europe

Geert Wilders
© David W Cerny/Reuters
Geert Wilders called for a 'totally new strategy' which might include building border walls.
Dutch Freedom party leader tells far-right gathering in Prague Europe should also turn back migrant boats like Australia.

European countries should adopt Donald Trump-style travel bans to counter a wave of Islamisation supposedly sweeping the continent, the Dutch anti-immigrant politician Geert Wilders has said.

Wilders, the leader of the Netherlands' Freedom party (PVV), made his comments at a gathering of far-right leaders in Prague. He also urged Europe to adopt Australia's tactics in turning back migrant boats and to build new border walls, as Trump has vowed to do along the US frontier with Mexico.

Wilders was flanked during his press conference by France's Front National leader, Marine Le Pen, and Tomio Okamura, the leader of the Czech Freedom and Direct Democracy party (SPD), which finished joint third in recent parliamentary election with nearly 11% of the vote.

Comment: Europe would not be facing a tidal wave of immigrants if they had not supported the murderous U.S. policies in the Middle East and Africa. Libya's Gadaffi knew this and tried to make provisions to settle war refugees and economic migrants in his own country. But even he couldn't do everything. Once he was dead, the floodgates opened. But perhaps this is all by design?