Welcome to Sott.net
Fri, 05 Nov 2021
The World for People who Think

Society's Child
Map

Fire

China's central planners intervene to ramp up coal production, causes prices to fall by half

China coal futures
Having soared to record highs just weeks ago, Chinese coal futures extended their declines on Friday, down more than 50% in a little over a week as Beijing unleashed its latest verbal crackdown as saying prices have further to fall, an attempt to ease the energy crunch, according to Bloomberg.

Thermal coal futures on Zhengzhou Commodity Exchange dropped 7.5% Friday to 973 yuan ($152) a ton, the lowest since early September.

China's top economic planning body, the National Development and Reform Commission (NDRC), announced on its official WeChat account Friday that production costs for coal miners are much lower than current spot prices for the fuel, suggesting coal prices have more room to fall. NDRC cited initial results from a survey of top firms in all producing regions.

Comment: Unlike in the West, it seems there are some benefits to having central planners that aren't yet completely ponerized: In China, back in June, amidst spiking commodity prices, it gave billions to its farmers in an attempt to alleviate the burden during harvest time; more recently it cracked down on internet shopping giant Alibaba over its monopolistic practices. That said, it looks like it may be too late for their largest and most indebted property developer, Evergrande, which, even with the state intervention, is predicted to collapse; albeit in a slow and controlled manner which is hoped to lessen the impact on the economy: China's real estate crisis explained

See also: Also check out SOTT radio's: NewsReal: Why You Should Question Media Reports About China 'Causing Covid' And 'Invading Taiwan'




Stop

Lap dances and a 'Man Pageant': Kentucky school's homecoming leads to 'disciplinary action'

Hazard High School's lapdance
© Nema Brewer, via Twitter
Photos of a "Man Pageant," costume day and lap dances Tuesday, Oct. 27, 2021, during Hazard High School's homecoming week.
The superintendent of Hazard Independent Schools said "appropriate disciplinary action has been taken" after photos surfaced showing students giving lap dances to staff and wearing scant clothing Tuesday as part of Hazard High School's homecoming week festivities in Eastern Kentucky.

Students and staff took part in a "Man Pageant" and "Costume Day" on Tuesday, according to Hazard High School's Facebook page.

Photos that were subsequently taken down from the athletics department's Facebook page showed students in underclothing giving lap dances to faculty and staff, including Hazard High School Principal Donald "Happy" Mobelini, who is also mayor of the Perry County city.

Black Cat

AT&T accused of coercing white employees to conform to 'diversity & inclusion programming' or face penalties

at&t building
© Mike Blake / Reuters
AT&T
Telecommunications giant AT&T is allegedly pressuring its white employees to embrace 'critical race theory' and become active allies for black rights activists. Those who don't are said to be penalized.

The explosive claim comes from Christopher Rufo, a prominent opponent of critical race theory (CRT) and its increasing acceptance as the basis for fighting racial injustices in the US. CRT views US society as inherently racist and beneficial to white people, including those who are not consciously racist themselves. Advocates say the situation can only be fixed if white people are taught about their privileges and start to actively fight against systemic racism.

According to a 'senior employee' at AT&T, cited by Rufo, the company's equity and diversity policies have embraced that viewpoint and require white employees to adhere to it. Participation in programs that are supposed to address race inequality is mandatory at AT&T, the source claimed.

Comment: Apparently AT&T didn't get the memo:


Stock Down

UK mortgage costs set to spike to levels last seen during the financial crash of 2008

mortgage uk
© Joe Giddens/PARupert Jones and Phillip Inman
The Liberal Democrats said the data indicated payments on a £211,000 mortgage could rise by more than £500 a year.
Homeowners face the biggest rise in mortgage costs since the financial crisis, with the amount of interest they pay set to jump by 13% in 2023, data from the government's independent forecasting unit suggests.

Politicians and analysts seized on a table "buried" in a report published by the Office for Budget Responsibility (OBR) alongside the budget, which stated that mortgage interest payments were set for their biggest rise since at least 2008.

The Liberal Democrats said the data indicated that householders with the average mortgage of £211,000 could see their payments go up by more than £500 a year, while the investment firm AJ Bell said some people with larger mortgages could have to pay more than £1,000 extra a year.

Comment: It's likely that they have no idea what the financial markets will really look like because it seems that the establishment are gradually losing the ability to rig them as they have for many years, and, considering the dire state of economies following the destructive lockdowns, there are many more variables which threaten to destabilise them. What is however notable, and perhaps ominous, is that the last time we saw a similar hike there was a global economic crash. Also check out SOTT radio's: NewsReal: World on the Brink - Mass Acceptance of Tyranny Augurs Doom




Binoculars

The strangest war we've ever seen

head in ground
The strangest war is the one that people don't even realize is happening. It's like that kid who was building sandcastles at Normandy while 156,000 allied troops stormed the beach. Or the fella who'd play backgammon in the middle of no man's land during those world war one trench battles. That guy was silly.

I envy people who can ignore total war. They must feel so fuzzy inside. Personally I've always been somewhat turned off by the idea of my civilization being destroyed. Just never quite sat right with me. But I guess I've always been somewhat of a worry wart.

Sometimes I feel weird seeing atrocities no one else can see. Like, should I say something about those folks being led to the concentration camps or would that be awkward? Probably best to just let it slide, huh? Don't want to ruffle any feathers.

The funny thing about people who can't see the war is that they're the ones who the war is being waged against. A ferocious army vowed for their total destruction and they couldn't care less. Everyone's got better shit to do. The declaration of war was cast aside to the spam folder.

People are brainwashed to such a degree that they can't even access the part of their mind that should demand justice.The ability to fight has been weaned out of them. They lack the moral conviction to do what's right because they don't even know what right is.

Attention

Former school safety officer charged with murder in death of unarmed 18-year-old

police line do not cross
© Getty Images
A former school safety officer in Long Beach, Calif., has been charged with murder in connection to the death of an unarmed 18-year-old student.

Eddie Gonzalez fatally shot student Manuela Rodriguez while breaking up a confrontation, the Los Angeles County District Attorney's Office said in a statement. He is expected to be arraigned in Los Angeles County Superior Court on Friday.

Gonzalez was patrolling an area near Millikan High School on Sept. 27 when he noticed an altercation between Rodriguez and another teenage girl, who was not named.

Syringe

US states placing orders to begin vaccinating children, White House says, as regulators poised to approve Pfizer jab for kids 5-11

masked society
© Reuters / Brendan McDermid
Several US states have already put in orders for Covid-19 vaccine doses in preparation to immunize millions of children, the White House said, as the FDA is expected to greenlight the Pfizer formulation for kids as young as five.

"States have now placed their initial orders of vaccine for kids. And upon FDA authorization of the vaccine, millions of doses will be shipped immediately to tens of thousands of pediatricians, family doctors, children's hospitals, community health centers, rural health clinics, and pharmacies - providers parents and kids know and trust," White House coronavirus response coordinator Jeff Zients told reporters on Wednesday.

Some 28 million young Americans would become eligible for protection from Covid-19 should the FDA authorize and CDC recommend the vaccine for children ages five through 11.

Comment: What benefits? As has been stated multiple times, children are much less susceptible to Covid than adults and they don't pass it on. They admit there are risks, so how can the benefit outweigh the risk? What advantage is there in vaccinating children?

See also:


Russian Flag

Eyeing the rise of identity and gender politics in the West, Putin's new vision for Russia is as Europe's last conservative nation

transgender protest
© REUTERS / Brendan McDermid
People rally to protest the Trump administration's reported transgender proposal to narrow the definition of gender to male or female at birth, at City Hall in New York City, US, October 24, 2018.
For centuries, there's been talk of Russia converging on the West, emulating it. Now, though, divergence is the new name of the game, and, as Vladimir Putin said last week, the West is moving in a direction Moscow won't follow.

The Russian president, it seems, has been working on his own concept of the elusive 'Russian idea' - a concept that has long puzzled philosophers and historians. At its heart, it suggests a nation has to have some unifying purpose or values that set it apart from others. Despite the preoccupation, this isn't a universally accepted truth - it's possible nations could substitute meaning for administrative functions.

However, from 1917 to 1991, the Soviet Union's purpose was clear: building communism. With the collapse of the USSR, this objective disappeared, and the post-Soviet Russian Federation was left struggling for an alternative. In the late 1990s, Boris Yeltsin established a commission to explore the Russian idea, but it failed dismally. Nobody could agree what it should be. The civic idea of nationhood remained supreme. Nevertheless, the search for the Russian idea continues.

Comment: See also:


Handcuffs

Loudoun County Virginia teen found guilty of sexual assault that sparked volatile school board meeting

loundoun county parents meeting
© Evelyn Hockstein/REUTERS
Parents and community members attend a Loudoun County School Board meeting.
A 15-year-old Virginia boy has been found guilty of the sexual assault that led to his victim's dad being arrested and branded a domestic terrorist while protesting it at a volatile school board meeting.


Loudoun County juvenile court Chief Judge Pamela Brooks found sufficient evidence during a trial Monday to sustain charges of forcible sodomy and forcible fellatio on a 15-year-old classmate, according to ABC 7News.

The ruling is the juvenile court equivalent of a conviction for the boy, who was not identified because of his age.

Comment: See also:


Pistol

Live bullet was in gun fired by Alec Baldwin in fatal movie-set shooting, sheriff said 500 rounds of ammunition seized

Sheriff Adan Mendoza

Sheriff Adan Mendoza speaks at a press conference, Oct. 27, 2021 about the Oct. 21 shooting on the movie set of "Rust" at Bonanza Creek Ranch in Santa Fe, New Mexico.
Law enforcement officials in New Mexico said Wednesday that they suspect a real bullet was loaded in the antique revolver used in a movie-set shooting by actor Alec Baldwin that killed the film's cinematographer and wounded its director.

Santa Fe County Sheriff Adan Mendoza said a lead slug taken from wounded film director Joel Souza's shoulder came from the F.LLI Pietta Long Colt .45 caliber revolver that Baldwin fired during a dress rehearsal Thursday afternoon for the Western movie "Rust" at the Bonanza Creek Ranch studio near Santa Fe.

Mendoza said the same shot mortally wounded cinematographer Halyna Hutchins, who later died at a hospital.

Comment: See also: Hollywood actor Alec Baldwin shoots dead cinematographer, wounds director... on set of movie about an accidental killing