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German union industry chief warns Washington is dragging its allies into a harmful economic war with China

huawei US Ban
© Reuters
Huawei's billboard featuring 5G technology at the PT Expo in Beijing, China.
Washington seeks to enforce its China policy upon its allies, a German industry union head has said in a rare remark. He warned that conceding to Washington's demand to ban the Chinese giant Huawei would be harmful for Germany.

The US apparently pushes a motto "whoever my enemy is, must also be my friend's enemy," Dieter Kempf, the chief of the Federation of German Industry (BDI), said, commenting on Washington's continued efforts to derail the business of the Chinese telecommunications company.

The US wants its allies in Europe and elsewhere to ban Huawei from taking part in developing the latest generation of 5G mobile networks on their territories.

The US might "be tempted to use its economic might to enforce its own sanctions on others," Kempf said, adding that the approach contradicts the very idea of "free, rules-based international trade," which Europe cherishes.

He also warned that yielding to Washington's demands would simply "make no sense" and harm Germany's own economic interests.

Comment: Huawei is being targeted primarily because it poses a threat to the profits of western corporations. See: Huawei, Tech War and Geopolitics


Bad Guys

Greek economist Varoufakis slams Donald Tusk's Brexit tweet

Yanis Varoufakis
© Thanassis Stavrakis/Associated Press
Greece’s former finance minister, Yanis Varoufakis
Former Greek finance minister/economist Yanis Varoufakis responded to a tweet by European Council president Donald Tusk's on the Brexit.

Mr Tusk's tweet said: "I've been wondering what that special place in hell looks like, for those who promoted #Brexit, without even a sketch of a plan how to carry it out safely."

Mr Varoufakis responded on Twitter the next day.

"Probably very similar to the place reserved for those who designed a monetary union without a proper banking union and, once the banking crisis hit, transferred cynically the bankers' gigantic losses onto the shoulders of the weakest taxpayers," he said.

Mr Varoufakis served as Greek finance minister from January to July 2015 when the left wing Syriza party came to power. He led negotiations with Greece's creditors, but resigned following the referendum where the Greek people rejected troika's terms that were implemented nonetheless.

Comment: Varoufakis is uniquely placed to comment on the EU's attitude toward the people impacted by its policies. He was an eyewitness to the destruction of Greece's economy at the hands of Brussels and the IMF.


Mail

Venezuela's Maduro pens open letter to US citizens: 'Washington willing to send its sons to die in absurd war'

maduro
© Reuters / Carlos Barria
Nicolas Maduro
Venezuelan President Nicolas Maduro has slammed Washington's belligerent rhetoric towards his country in an open letter addressed to the American people.

Maduro published an image of the letter on his official Twitter account, saying it would be delivered to the White House, demanding respect for Venezuela's "inalienable right to peace."

In the letter, Maduro denounces US President Donald Trump's aggressive statements against him - in which he has branded Maduro an illegitimate dictator, as well as hinting at military intervention.

Comment: Invading Venezuela has been on the table even before Trump. Between the mineral wealth of the country and it's geopolitical location, the US will be loathe to give up its quest to subjugate the country. Maduro has commented that the US is setting itself up for another Vietnam-like quagmire, and he is right.


Rainbow

Green dreams: Congressional Democrats plan for a massive transformation of society

Wind farm, green new deal
© Reuters / Pascal Rossignol
Congressional Democrats have proposed a 'Green New Deal' plan that aims to completely transform America's economy and society within 10 years to combat climate change and create social justice. Critics were nonplussed.

The ambitious proposal, presented on Thursday by Congresswoman Alexandria Ocasio-Cortez (D-New York) and Senator Ed Markey (D-Massachusetts), lays out a plan to "mobilize every aspect of American society at a scale not seen since World War 2" to achieve "net-zero greenhouse gas emissions" while creating "economic prosperity for all."


This is a massive transformation of our society," the materials explaining the proposed congressional resolution said. The Green New Deal (GND) wants to transition the US to "100% clean and renewable energy" while guaranteeing jobs with a family-sustaining wage, family and medical leave, vacations, and retirement security and free higher education, healthy food, healthcare, "adequate housing," and economic security "for all who are unable or unwilling to work," among other things.

Comment: The 10 most insane requirements of the Far Left's Green New Deal:
It is not hyperbole to contend that GND is likely the most ridiculous and un-American plan that's ever been presented by an elected official to voters. Not merely because it would necessitate a communist strongman to institute, but also because the societal cost are unfathomable. The risible historic analogies Markey and Ocasio-Cortez rely on, the building of the interstate highway system or moon landing, are nothing are but trifling projects compared to a plan that overhauls modernity by voluntarily destroying massive amounts of wealth and technology. That is the GND.
See also:


Cards

Republicans call showboating Schiff's bluff on Russia probe - says go ahead and publish witness transcripts

adam schiff

Adam Schiff, McCarthy wanna-be
Republicans with the House Permanent Select Committee on Intelligence Tuesday submitted a motion to immediately publish dozens of witness transcripts in the Russia Trump investigation that were turned over for declassification review, stating it is "part of the process of publishing them for the American people to see." Though the transcripts are unclassified, the Committee had sent them to the Intelligence Community for a review as a precautionary measure.

Let's do it. Make the witness transcripts public and let the cards fall where they may. The committee already voted to make the documents public on a similar motion in September, 2018, when it was then led by House Republicans.

The Republican motion was in response to now Democratic Chairman Adam Schiff's proposal to turn over all the witness interviews to Special Counsel Robert Mueller's office for review. Those witness interviews, however, are already available to Mueller.

USA

Trump predicts the fall of the rest of ISIS' territory within days

Syrian Democratic Forces Syria SDF
© Delil Souleiman / AFP - Getty Images
A fighter from the U.S.-backed Syrian Democratic Forces walks past shops featuring painted Arabic phrases including "caliphate state" in Hajin, Syria.
President Donald Trump predicted Wednesday that the Islamic State group will soon have lost all the territory it once controlled in Iraq and Syria.

He said the U.S. will not relent in fighting remnants of the extremist organization despite his decision to withdraw American troops from Syria over the objections of some of his most senior national security advisers.

The president told representatives of a 79-member, U.S.-led coalition fighting ISIS that the militants held a tiny percentage of the vast territory they claimed as their "caliphate."

"It should be formally announced sometime, probably next week, that we will have 100 percent of the caliphate," Trump said.

Stop

Germany bans Facebook from spying & hoarding users' data without their explicit consent

facebook
© Reuters / Dado Ruvic
The German antitrust authority has banned Facebook from combining user data across its apps and third-party sites without users' consent, accusing the company of coercively taking advantage of its "market dominance."

Competition watchdog Bundeskartellamt blocked the social media giant from merging user data collected through Instagram, WhatsApp and the millions of third-party websites that track users on behalf of Facebook through the "like" and "share" buttons, with those users' Facebook profiles - unless they explicitly opt in to the tracking.

"In future, Facebook will no longer be allowed to force its users to agree to the practically unrestricted collection and assigning of non-Facebook data to their Facebook user accounts," said Andreas Mundt, Bundeskartellamt's president, in a press release on Thursday.

Bad Guys

UN-led inquiry finds Khashoggi a 'victim of brutal killing, perpetrated by Saudi officials'

Khashoggi murder protest
© Reuters/Simon Dawson
People protest against the killing of journalist Jamal Khashoggi Saudi Arabian Embassy in London.
A UN-led inquiry into the murder of Jamal Khashoggi has determined that the dissident journalist was the victim of a "brutal and premeditated killing" which was "planned and perpetrated" by Saudi Arabian officials.

According to the UN inquiry statement, Saudi Arabia "seriously undermined" Turkey's efforts to investigate Khashoggi's murder, which took place at the Saudi consulate in Istanbul on October 2 last year.

UN investigator Agnès Callamard said her team had reviewed "chilling and gruesome audio material" of the murder, which had been obtained by Turkish intelligence officials.

Bad Guys

Leaked audio reveals IMF in 'secret talks' with Venezuelan opposition

Lorenzo Mendoza Ricardo Hausman Venezuelan opposition
© Aporrea
Billionaire Lorenzo Mendoza (left) and economist and former Planning Minister, Ricardo Hausman (right)
A leaked audio of a conversation between Venezuelan businessman, Lorenzo Mendoza, and former politician, Ricardo Hausman, has revealed Venezuela's political and business opposition to be seeking collaboration with the IMF (International Monetary Fund) ahead of the country's parliamentary elections on December 6th.

In the phone conversation, leaked in Venezuela last Wednesday, both men speak about the possibility of IMF intervention in the Venezuelan economy and frequently refer to each other as "mate".

Mendoza currently ranks as one the wealthiest businessmen in the world and controls key areas of the Venezuelan economy, such as the production of cornflour, beer and other household staples. Government supporters hold him responsible for the widespread shortage of key products, which they say is an attempt to destabilise the administration of current leftwing President Nicolas Maduro.

Eye 1

Israel licenses the violation of Lebanon's water border for oil exploration

offshore gas rig
© Albatross Aerial photography/Noble Energy
An aerial view of an Israeli offshore gas rig
Israel has breached Lebanon's waters by licensing a company to "exploit an area" for oil and gas near disputed borders, Lebanese Parliament Speaker Nabih Berri said on Wednesday, reports Reuters.

The two countries have an unresolved maritime border dispute over a sea zone of about 860 sq km (330 square miles) which extends along the edge of three of Lebanon's energy blocks.

US diplomats mediated between them last year after a spike in tensions that also involved a row over a border wall Israel built and over Iran-backed Hezbollah's growing arsenal.

Comment: Israel is becoming more belligerent than usual, and that's saying something: Also check out SOTT radio's: