Puppet MastersS


Bulb

Trump and the Taiwan Call: Another "New CEO" Move

China has responded with guarded disapproval to a telephone call between the U.S. President-elect Donald Trump and Taiwanese President Tsai Ing-wen.
© Evan Vucci, Chinag Ying-ying/Associated Press
By now you know that President Elect Trump took a call from the President of Taiwan and simultaneously lit on fire the underpants of the mainstream media and maybe the leadership of China too.

Apparently taking a phone call from the president of Taiwan is a major diplomatic change from the so-called "One China Policy" that imagines Taiwan as a rogue province of China, not its own country. Reports are saying this call was planned, not a mistake on the Trump team's side.

Was this a mistake by Trump?

Black Cat

US lawmakers want to curb Pentagon's military cooperation with Russia

Vladimir Putin, Sergey Lavrov, and John Kerry
Vladimir Putin, Sergey Lavrov, and John Kerry
The House of Representatives wants to cut the Pentagon's military-to-military cooperation with Russia. The provisions included in a $618.7 billion defense budget bill impose strict conditions for the US military on working with its Russian counterparts.

The National Defense Authorization Act (NDAA), which sets policy for the Department of Defense for the next year, has been approved by a vote of 375-34.

The measure would allocate $618.7 billion, including extra $3.2 billion on top of what President Obama requested for the Pentagon, was agreed after months of heated debates.

Comment: Interesting that all this comes into play right before Trump takes office. We'll find out soon enough how he intends to handle relations with Russia.


Network

FSB reports foreign intel agencies to launch massive cyberattacks on Russian financial system

Computer keyboard
© Silas Stein / DPA / Global Look Press
The Russian Federal Security Service (FSB) has information that foreign intelligence agencies are preparing to launch cyberattacks aimed at destabilizing Russia's financial system, starting as early as next week.

The attacks will also target the activities of Russia's largest banks.

The cyberattacks, which will start from December 5, will be accompanied by a massive spam text message campaign and inflammatory social network and blog posts - all related to an alleged crisis in the credit and financial system and the bankruptcy and revocation of licenses from major federal and regional banks, a statement published on the FSB website added.

Dozens of Russian cities will be targeted in the cyber assault, it added.

Comment: Update: Russian Central Bank Says Hackers Stole $31 Million; FSB Warns Of Plot
Russia's Central Bank said hackers stole more than $31 million from correspondent accounts, as Russia's main security agency warned of cyberattacks aimed at destabilizing the country's banking system.

The bank's announcement, December 2, was the latest example of growing number of cyber attacks that have targeted financial institutions worldwide.

Central Bank official Artyom Sychyov revealed the losses at a briefing in Moscow, saying that the hackers had attempted to steal about 5 billion rubles (US$78 million).

A bank report released earlier December 2 described hackers breaking into accounts there by faking a client's credentials, but provided few other details.



Snakes in Suits

Fugitive Ukrainian MP claims he handed proof of Poroshenko 'buying votes' to US Justice Dept

Petro Poroshenko
© Valentyn Ogirenko / Reuters
A former close ally of Ukrainian President Petro Poroshenko, who is now seeking asylum in the UK and is wanted at home on charges of embezzlement and treason, claims he has passed eye-opening evidence of sweeping corruption in Kiev on to US investigators.

Aleksandr Onyshchenko, a former MP in the Verkhovna Rada, Ukraine's parliament, known as a billionaire oligarch and professional showjumper who was going to represent the Ukrainian team at the 2016 Rio Olympics, fled the country this summer a week before being stripped of parliamentary immunity due to an investigation into a gas fraud scheme that he allegedly organized. He has been charged with embezzling tens of millions of dollars.

However, Onyshchenko, who insists that he is innocent and that there is no proof implicating him, has now responded with a bomb-shell leak that he claims proves there are enormous levels of corruption in Poroshenko's government, with the sums involved dwarfing those he is accused of embezzling.

Dollar

Trump targets another Indiana company planning to outsource jobs to Mexico

Employees of Rexnord Bearings in Indianapolis protest Rexnord's decision to likely move 300 jobs to Mexico
Employees of Rexnord Bearings in Indianapolis protest Rexnord's decision to likely move 300 jobs to Mexico on Nov. 11, 2016.
Shortly after he launched two tweets to address the Taiwan Snafu on Friday evening, Trump concluded his night on Twitter by calling out another Indiana manufacturing company for planning to move 300 jobs to Mexico. "Rexnord of Indiana is moving to Mexico and rather viciously firing all of its 300 workers. This is happening all over our country. No more!" Trump tweeted at 10:06pm on Friday.

Empowered by his victory over Carrier which agreed last week to keep 1,100 workers in the US instead of outsourcing them to Mexico in exchange for $7 million in tax breaks over a decade, Trump celebrated at a plant in the Indiana company on Thursday, warning other US companies there will be "consequences" for outsourcing jobs. He now appears to be focusing on Rexnord.

Rexnord, which is based in Milwaukee, intends to move production of industrial bearings from Indianapolis to Monterrey, Mexico, according to the employee union. In mid-November, Rexnord confirmed that it would close its Indianapolis plant and move about 300 jobs to Mexico. The announcement ended a last-ditch effort among union officers and city officials to keep the Milwaukee-based manufacturer in Indianapolis. "It wasn't anything that shocked any of us," said Chuck Jones, president of United Steelworkers Local 1999, which represents Rexnord employees.

Comment: It will be interesting to see what the "consequences" Trump has in mind in this latest case.


Pirates

Iceland's president asks Pirate Party to form govt after others fail

Iceland Pirate Party Flag
Iceland's Pirate Party Flag
The Pirate Party in Iceland, who won seats in parliament earlier this year, have been asked to try to assemble a government coalition, after two other parties with more seats failed to do so.

The radical Pirate Party, headed by Birgitta Jonsdottir, was asked to form a government with other parties by the country's president, Gudni Johannesson, AP reported Friday, citing the president's office.

The two parties who came first and second in the parliamentary election in late October, the Independence Party and the Left-Greens, respectively, had already held talks to assemble a coalition, but to no avail. No party won an outright majority in the election.

Comment: More about Iceland's Pirate Party is available on their site along with the Pirate Party Manifesto.


Info

Investors worried: Wells Fargo requests meeting with Sioux tribe elders to discuss Dakota pipeline funding

Dakota pipeline protests
© Stephanie Keith / Reuters
Major US lender Wells Fargo bank asked to meet with tribal leaders from the Standing Rock reservation on the same day that one of its buildings was occupied by Dakota Access Pipeline protesters.

Wells Fargo, which has lent $3.7 billion to finance the crude oil pipeline being built by Energy Transfer Partners, has been the subject of a series of protests this year. Native Indian groups say the project threatens the safety of their water supplies in North Dakota.

On Thursday, environmentalist and Indigenous rights activist staged a protest against the 1,172-mile-long pipeline at a Wells Fargo branch in downtown Minneapolis, Minnesota.

Chart Bar

The shocking truth about how Barack Obama was able to prop up the U.S. economy

US National debt as of Dec 3, 2016
US National debt as of Dec 3, 2016
Barack Obama is one of the biggest "Keynesians" of all time, but unfortunately most Americans don't even understand what that means. In this article, I am going to share with you the primary reason why Barack Obama has been able to prop up the U.S. economy over the past eight years. If Barack Obama had not taken the extreme measures that he did, we would be in the midst of a historic economic depression right now. But by propping things up in the short-term, he has absolutely demolished our long-term economic future. But like most politicians, Obama has been willing to sacrifice the future for short-term political gain.

If you take any basic college course in economics, you are going to learn about John Maynard Keynes. Without a doubt, Keynes was one of the most famous economists of the 20th century, and one of the things that he believed was that governments should go into debt and spend more money when an economic downturn strikes. By injecting additional funds into the economy during a time of crisis, he believed that the severity of recessions and depressions could be reduced. This approach ultimately become known as "Keynesian economics", and in the post-World War II era virtually the entire world embraced it at least to some degree. Here is more on Keynes from Investopedia...

Display

Co-founder of Wikipedia, Larry Sanger, agrees that it does not follow its own neutrality policy

wiki bias
© Katoikos.eu
Larry Sanger is the co-founder of Wikipedia and the author of its "neutrality policy." Mr. Sanger posted an article today about media bias in which he alluded to the neutrality policy he drafted.

I replied (see the combox of the article):
"Wikipedia's neutrality policy." I've been reading Wikipedia articles for years, and from the evidence I would not have thought such a thing exists, or, if it does, the name is somewhat misleading, because the policy would read something like: "On all matters cultural and political, Wikipedia will endeavor to crush conservative viewpoints. Neutrality will not be tolerated." Just read the post on, for example, intelligent design theory. It is written by the theory's antagonists, and all efforts to correct the post to reflect the real theory, as opposed to the straw man caricature presented by its opponents, are ruthlessly suppressed.

Megaphone

Meaning what he says: It turns out we should have taken Trump literally as well as seriously

trump
© Scott Olson/Getty Images
He's really doing what he said.

In one of the better stories written about Donald Trump's core base of supporters during the 2016 campaign, the Atlantic's Salena Zito observed that while the national media had a tendency to take Trump literally without taking his presidential ambitions seriously, his fans did just the reverse: They took him seriously but not literally.

As a point about the state of mind of Trump supporters, Zito is absolutely correct. But one of Trump's most prominent supporters, the media-savvy billionaire Peter Thiel, took Zito's turn of phrase and inverted its meaning. He said that the media misunderstands Donald Trump by taking him literally rather than seriously.

What we've seen thus far of Trump's transition, however, shows just the opposite. The national press's Trump coverage did to an extent err by not taking him seriously enough. But it also failed in exactly the same way many Trump supporters failed. The celebrity candidate seemed so much more emotionally invested in his rallies than his policy proposals that not nearly enough attention was paid to the literal commitments he was making and what they literally said.

But throughout history and across various countries, the best guide to how politicians will govern is to pay attention to their policy promises. And Trump's transition so far suggests that this is an area where he will be typical. Like any president, he won't accomplish 100 percent of what he promised to do. But he'll make a good faith effort at the vast majority of it, and probably succeed in many cases.

We should, in other words, have taken Trump both seriously and literally.