Saturday, June 18, 2022
Die schöne elegante Dame mit dem kecken roten Hut
Patel’s Harsh Immigration Policy Is Not Working
Jun 18, 2022 • The Home Secretary Priti Patel's Immigration policy is not working. Her policy appears to be focused on stopping as many immigrants and asylum seekers from coming to the UK as possible. Official routes have effectively been closed except for the 'brightest and the best'.
Because of this and the French appearing to be less willing to help stop the boats, the number of asylum seekers crossing the Channel is increasing rapidly.
Having tried and failed to return them to France and having failed to send them to Ascension Island, the Home Secretary is now trying to send them to Rwanda with no chance of return. This is both cruel and stupid and will not stop the people-traffickers.
There is a backlog of 50,000 asylum seekers in the UK at the moment and none of these is allowed to work despite severe labour shortages in many industries. Immigration under Patel, whose only response to punish the desperate people who are seeking asylum, is in chaos.
Because of this and the French appearing to be less willing to help stop the boats, the number of asylum seekers crossing the Channel is increasing rapidly.
Having tried and failed to return them to France and having failed to send them to Ascension Island, the Home Secretary is now trying to send them to Rwanda with no chance of return. This is both cruel and stupid and will not stop the people-traffickers.
There is a backlog of 50,000 asylum seekers in the UK at the moment and none of these is allowed to work despite severe labour shortages in many industries. Immigration under Patel, whose only response to punish the desperate people who are seeking asylum, is in chaos.
It's Not Unusual, A Lesbian & Gay History | Parts 1, 2 & 3 | BBC2, 1997
Part 1 is age-restricted, so it can be viewed only on YouTube itself. Here is a link to the first part of the documentary.
Parts 2 & 3 can be embedded. Here they are:
Parts 2 & 3 can be embedded. Here they are:
Thousands March in London over Cost of Living Crisis
THE GUARDIAN: Demonstration organised by TUC calls on government to make ‘better deal’ for people struggling to cope with soaring inflation
Demonstrators marching in central London on Saturday. Photograph: Henry Nicholls/Reuters
Thousands of people have gathered in London to protest against the government’s lack of action in tackling the cost of living crisis.
Protesters marched from Portland Place to Parliament Square for a rally with speakers including Frances O’Grady, the general secretary of the TUC, which organised the event.
O’Grady was met with applause and cheers as she gave a speech to the crowd.
Demonstrators carried banners reading “cut war not welfare” and “end fuel poverty, insulate homes now”. » | Anna MacSwan and Tom Ambrose | Saturday, June 18, 2022
Thousands of people have gathered in London to protest against the government’s lack of action in tackling the cost of living crisis.
Protesters marched from Portland Place to Parliament Square for a rally with speakers including Frances O’Grady, the general secretary of the TUC, which organised the event.
O’Grady was met with applause and cheers as she gave a speech to the crowd.
Demonstrators carried banners reading “cut war not welfare” and “end fuel poverty, insulate homes now”. » | Anna MacSwan and Tom Ambrose | Saturday, June 18, 2022
«Fuck the cis-tem»: Die LGBT-Community zieht an der Pride durch Zürich
NEUE ZÜRCHER ZEITUNG: Nach der Pandemie kann die Zurich Pride erstmals wieder in der gewohnten Grösse stattfinden. Dieses Jahr stehen die Rechte von Transmenschen im Zentrum.
Regenbogenfarben hüllen für einmal die Stadt ein. | Michael Buholzer / Keystone
Wenn der Regenbogen allgegenwärtig ist – auf Flaggen, T-Shirts, Wangen, Bärten – dann ist Pride. Die grosse Demonstration der LGBT-Community ist am Samstag durch die Zürcher Innenstadt gezogen. Nach der Pandemie hat sie erstmals seit 2019 wieder ihren Volksfestcharakter mit grosser Party auf dem Kasernenareal und dem Zeughaushof.
Gestartet wird aber mit dem politischeren Teil, Ansprachen auf dem Helvetiaplatz und anschliessendem Umzug. Kurz vor 13 Uhr wirkt der Helvetiaplatz noch etwas verlassen. Die Demonstranten drängen sich in den spärlichen Schatten, den Gebäude und Bäume vor der gleissenden Mittagssonne spenden. Die Transparente sind schon parat, werden aber erst auf Schulterhöhe gestemmt: «queer, proud, angry», ist zu lesen, «trans rights = human rights» oder etwas origineller «fuck the cis-tem». » | Jan Hudec | Samstag, 18. Juni 2022
Wenn der Regenbogen allgegenwärtig ist – auf Flaggen, T-Shirts, Wangen, Bärten – dann ist Pride. Die grosse Demonstration der LGBT-Community ist am Samstag durch die Zürcher Innenstadt gezogen. Nach der Pandemie hat sie erstmals seit 2019 wieder ihren Volksfestcharakter mit grosser Party auf dem Kasernenareal und dem Zeughaushof.
Gestartet wird aber mit dem politischeren Teil, Ansprachen auf dem Helvetiaplatz und anschliessendem Umzug. Kurz vor 13 Uhr wirkt der Helvetiaplatz noch etwas verlassen. Die Demonstranten drängen sich in den spärlichen Schatten, den Gebäude und Bäume vor der gleissenden Mittagssonne spenden. Die Transparente sind schon parat, werden aber erst auf Schulterhöhe gestemmt: «queer, proud, angry», ist zu lesen, «trans rights = human rights» oder etwas origineller «fuck the cis-tem». » | Jan Hudec | Samstag, 18. Juni 2022
How the Great Depression Helped Drive the World Towards Fascism | Impossible Peace | Timeline
You can subscribe to ‘History Hits’ here and get a big discount by using the code “TIMELINE”.
Kryptowährungen: Bitcoin bricht erneut ein und fällt unter 20 000 US-Dollar
NEUE ZÜRCHER ZEITUNG: Virtuelle Währungen wie Bitcoin und Co. haben einen schlechten Ruf. Seit Anfang Mai stürzen die Kurse regelrecht ab. Sie gelten als unbeständig und als Energiefresser. Doch sie haben gegenüber herkömmlichen Zahlungsmitteln auch Vorteile. Die wichtigsten Antworten zu Kryptowährungen.
Die neusten Entwicklungen
Der Bitcoin-Kurs bricht weiter ein und fällt auf unter 20 000 Dollar. Am Samstag (18. 6. ) brachen auch die Kurse vieler weiteren Digitalwerte weiter ein. Die Nummer zwei am Markt, Ether, sank unter die Schwelle von 1000 Dollar. Der Marktwert aller rund 19 900 Kryptoanlagen ging weiter zurück. Der Wert von einem Bitcoin fiel auf der Handelsplattform Bitfinex am Samstagvormittag bis auf 18 690 Dollar (17 791 Euro). Das waren etwa zehn Prozent weniger als am Tag zuvor. Der Preis für einen Ether sank bis auf 973 Dollar. Ein Bitcoin kostet damit so wenig wie zuletzt Ende 2020, der Ether-Kurs hatte zuletzt Anfang 2021 so niedrig gelegen. Das Marktvolumen aller derzeit existierenden Kryptowährungen fiel laut Coinmarketcap auf 832 Milliarden Dollar. Das ist weniger als ein Drittel des im November markierten Rekords von fast drei Billionen Dollar. » | Thomas Schürpf / Werner Grundlehner | Samstag, 18. Juni 2022
Bitcoin value slumps below $20,000 in cryptocurrencies turmoil: Digital asset slides to lowest level since November 2020 as rate rises increase pressure on markets »
Die neusten Entwicklungen
Der Bitcoin-Kurs bricht weiter ein und fällt auf unter 20 000 Dollar. Am Samstag (18. 6. ) brachen auch die Kurse vieler weiteren Digitalwerte weiter ein. Die Nummer zwei am Markt, Ether, sank unter die Schwelle von 1000 Dollar. Der Marktwert aller rund 19 900 Kryptoanlagen ging weiter zurück. Der Wert von einem Bitcoin fiel auf der Handelsplattform Bitfinex am Samstagvormittag bis auf 18 690 Dollar (17 791 Euro). Das waren etwa zehn Prozent weniger als am Tag zuvor. Der Preis für einen Ether sank bis auf 973 Dollar. Ein Bitcoin kostet damit so wenig wie zuletzt Ende 2020, der Ether-Kurs hatte zuletzt Anfang 2021 so niedrig gelegen. Das Marktvolumen aller derzeit existierenden Kryptowährungen fiel laut Coinmarketcap auf 832 Milliarden Dollar. Das ist weniger als ein Drittel des im November markierten Rekords von fast drei Billionen Dollar. » | Thomas Schürpf / Werner Grundlehner | Samstag, 18. Juni 2022
Bitcoin value slumps below $20,000 in cryptocurrencies turmoil: Digital asset slides to lowest level since November 2020 as rate rises increase pressure on markets »
Antikapitalist, EU-Kritiker und Choleriker – Jean-Luc Mélenchon greift nach der Macht
NEUE ZÜRCHER ZEITUNG: Der Linkspopulist wirbelt mit seiner Wahlallianz die französischen Parlamentswahlen auf. Sein erklärtes Ziel, Premierminister zu werden, dürfte er zwar verfehlen. Dennoch bringt er Präsident Macron in Bedrängnis.
Jean-Luc Mélenchon ist es vor der Parlamentswahl gelungen, die Linke zu einen, doch scheiden sich die Geister an dem Linkspopulisten. | Christophe Petit Tesson / EPA / Keystone
Ginge es nach Jean-Luc Mélenchon, dann würde am kommenden Sonntag in Frankreich ein neues Kapitel beginnen: Dieses würde einen radikalen Bruch bringen mit dem bestehenden System, das Ende von «Neoliberalismus», «präsidialer Monarchie», «Untätigkeit» in Klimafragen und allem, was sonst noch falsch laufe unter Präsident Emmanuel Macron.
In diesem Szenario würde er, Mélenchon, Premierminister und könnte Frankreichs Innenpolitik massgeblich lenken. Seit Wochen appelliert der Linksaussenpolitiker an die Franzosen, ihm diesen Traum zu erfüllen. Es hat ihn weit gebracht. » | Judith Kormann | Samstag, 18. Juni 2022
Ginge es nach Jean-Luc Mélenchon, dann würde am kommenden Sonntag in Frankreich ein neues Kapitel beginnen: Dieses würde einen radikalen Bruch bringen mit dem bestehenden System, das Ende von «Neoliberalismus», «präsidialer Monarchie», «Untätigkeit» in Klimafragen und allem, was sonst noch falsch laufe unter Präsident Emmanuel Macron.
In diesem Szenario würde er, Mélenchon, Premierminister und könnte Frankreichs Innenpolitik massgeblich lenken. Seit Wochen appelliert der Linksaussenpolitiker an die Franzosen, ihm diesen Traum zu erfüllen. Es hat ihn weit gebracht. » | Judith Kormann | Samstag, 18. Juni 2022
Brussels Initiates Proceedings against London | Outside Views on Brexit and UK Politics
Jun 17, 2022 • Brussels initiates proceedings against London | Outside Views on Brexit and UK politics.
The dispute over the Northern Ireland Pact continues to escalate: the British government had declared that it wanted to change the agreement unilaterally. Now the EU Commission is drawing conclusions.
The dispute over the Northern Ireland Pact continues to escalate: the British government had declared that it wanted to change the agreement unilaterally. Now the EU Commission is drawing conclusions.
Starke Frauen in Afghanistan kämpfen für ihre Rechte I kulturzeit
Jun 18, 2022 • In Afghanistan verlieren Frauen unter der Herrschaft der Taliban immer weitere Rechte. Zuletzt mussten sich selbst Moderatorinnen im Fernsehstudio voll verschleiern. Die junge Journalistin Maryam Nayibi aus Kabul sagt, die Taliban hätten sich regelrecht gegen die Frauen verschworen.
Immer brutaler unterdrückt, bleiben sie und ihre jungen Mitstreiterinnen trotz Strafandrohungen kämpferisch. Die Bevölkerung rette sich angesichts der zwanghaften “Gender-Apartheit“ in Galgenhumor, sagt der afghanisch-österreichische Autor und Afghanistan-Experte Emran Feroz. Es kursierten bereits Witze über die Besessenheit der Taliban, Frauen kontrollieren zu wollen, aber sonst nichts auf die Reihe zu bekommen, so Feroz.
Mit dem Gesetz der Vollverschleierung werde die Gewalt in die Familien einziehen, sagt die Ärztin und ehemalige Frauenministerin des Landes, Sima Samar. Denn der männliche Vormund werde von den Taliban bestraft, falls eine Frau ihr Gesicht in der Öffentlichkeit nicht bedecke. Doch unter einer Burka als Ärztin oder Journalistin zu arbeiten, sei nicht praktikabel. Für die Zukunft von Mädchen und Frauen in Afghanistan, ihr Recht auf Selbstbestimmung und Bildung, kämpft sie an der Seite von jungen Frauen wie Maryam Nayibi.
Immer brutaler unterdrückt, bleiben sie und ihre jungen Mitstreiterinnen trotz Strafandrohungen kämpferisch. Die Bevölkerung rette sich angesichts der zwanghaften “Gender-Apartheit“ in Galgenhumor, sagt der afghanisch-österreichische Autor und Afghanistan-Experte Emran Feroz. Es kursierten bereits Witze über die Besessenheit der Taliban, Frauen kontrollieren zu wollen, aber sonst nichts auf die Reihe zu bekommen, so Feroz.
Mit dem Gesetz der Vollverschleierung werde die Gewalt in die Familien einziehen, sagt die Ärztin und ehemalige Frauenministerin des Landes, Sima Samar. Denn der männliche Vormund werde von den Taliban bestraft, falls eine Frau ihr Gesicht in der Öffentlichkeit nicht bedecke. Doch unter einer Burka als Ärztin oder Journalistin zu arbeiten, sei nicht praktikabel. Für die Zukunft von Mädchen und Frauen in Afghanistan, ihr Recht auf Selbstbestimmung und Bildung, kämpft sie an der Seite von jungen Frauen wie Maryam Nayibi.
The Hate Preachers: Bigotry and Fearmongering by Extremist Christian "Leaders"
There are some weird people in America: members of cults, satanists, extreme Christians, and all sorts of other crazy people. Scratch the surface and God only knows what one will find. I feel sure that Seth Andrews would agree with my assessment. To be honest with you all, I find extreme people like some of the ones shown in this video to be both disturbing and creepy. I often thank God that I was born this side of the Pond. – © Mark Alexander
WIKIPEDIA:
Seth Andrews
Hemant Mehta.
The Lincoln Project: Clear and Present Danger
Please accept my sincere apologies for the filthy language used by Trump supporters in this video. The language used tells its own story. It helps us understand who Trump really is and who many of his supporters really are. – © Mark Alexander
January 6 Committee: Trump Knew His Plan to Overturn Election Was Illegal | DW News
Europe Sees Earliest Summer Heatwave in Decades | DW News
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Putin Says 'Economic Blitzkrieg' Has Failed in Anti-West Rant | DW News
Jun 18, 2022 • Russian President Vladimir Putin has slammed the West, saying the days of a unipolar world led by the United States were over.
In a speech full of grievances at the St Petersburg International Economic Forum, Putin said what he called the West's economic blitzkrieg of sanctions had failed. He also played down Ukraine's possible EU entry, saying he had nothing against it, unlike the security risk of Kyiv joining NATO that he alleged when he started the invasion.
Putin accused the US of acting as a colonial force and said tectonic changes in the global order would see states like Russia come to the fore.
In a speech full of grievances at the St Petersburg International Economic Forum, Putin said what he called the West's economic blitzkrieg of sanctions had failed. He also played down Ukraine's possible EU entry, saying he had nothing against it, unlike the security risk of Kyiv joining NATO that he alleged when he started the invasion.
Putin accused the US of acting as a colonial force and said tectonic changes in the global order would see states like Russia come to the fore.
Britain Approves Extradition of WikiLeaks Founder Julian Assange to US | DW News
Related here and here.
Bitcoin: Will El Salvador's Big Crypto Gamble Pay Off? – BBC News
Jun 18, 2022 • The falling value of Bitcoin is affecting investors all over the world.
It’s putting increased pressure on the Central American state of El Salvador, which nine months ago made cryptocurrency legal tender. As legal tender it should be accepted in all shops, you can now buy almost anything in Bitcoin, from pizza to real estate.
The government has encouraged people to use Bitcoin by giving $30 to each person who signs up for a government-sponsored Bitcoin wallet – and offering treatment for pets at a cost of just 25 cents for those who pay in Bitcoin.
But aside from some pockets of enthusiasm, people do not seem to be embracing the cryptocurrency as much as their Bitcoin-loving president who is under increasing criticism for investing so much public money in the project.
It’s putting increased pressure on the Central American state of El Salvador, which nine months ago made cryptocurrency legal tender. As legal tender it should be accepted in all shops, you can now buy almost anything in Bitcoin, from pizza to real estate.
The government has encouraged people to use Bitcoin by giving $30 to each person who signs up for a government-sponsored Bitcoin wallet – and offering treatment for pets at a cost of just 25 cents for those who pay in Bitcoin.
But aside from some pockets of enthusiasm, people do not seem to be embracing the cryptocurrency as much as their Bitcoin-loving president who is under increasing criticism for investing so much public money in the project.
Friday, June 17, 2022
One Cool Dude!
The Beach Boys : Surfin' Safari | Visualizer
The Coin That Could Wreck Crypto
THE NEW YORK TIMES: As cryptocurrencies have plunged, attention has focused on a potential point of vulnerability: the market’s reliance on a so-called stablecoin called Tether.
SAN FRANCISCO — Cryptocurrency prices are plummeting. A so-called stablecoin lost all its value in a matter of days. A newfangled crypto bank halted withdrawals. And investors have been plunged into financial ruin.
Now the crypto industry is grappling with an even grimmer prospect: The worst may be yet to come.
Concern is mounting over another potential vulnerability in the crypto market: Tether, a company whose namesake currency is a linchpin of crypto trading worldwide. Long one of the most scrutinized companies in the industry, Tether is facing heightened pressure from regulators, investors, economists and growing legions of skeptics, who argue it could be another domino to fall in an even bigger crash.
“Tether is really the lifeblood of the crypto ecosystem,” said Hilary Allen, a finance expert at American University. “If it imploded, then the entire facade falls down.” » | David Yaffe-Bellany | Friday, June 17, 2022
SAN FRANCISCO — Cryptocurrency prices are plummeting. A so-called stablecoin lost all its value in a matter of days. A newfangled crypto bank halted withdrawals. And investors have been plunged into financial ruin.
Now the crypto industry is grappling with an even grimmer prospect: The worst may be yet to come.
Concern is mounting over another potential vulnerability in the crypto market: Tether, a company whose namesake currency is a linchpin of crypto trading worldwide. Long one of the most scrutinized companies in the industry, Tether is facing heightened pressure from regulators, investors, economists and growing legions of skeptics, who argue it could be another domino to fall in an even bigger crash.
“Tether is really the lifeblood of the crypto ecosystem,” said Hilary Allen, a finance expert at American University. “If it imploded, then the entire facade falls down.” » | David Yaffe-Bellany | Friday, June 17, 2022
Bernie Sanders ; How Much Money Does Jeff Bezos Really Need?
Bernie Sanders.
Daniil Trifonov – C.P.E. Bach: 2 Piano Sonatas, Wq. 59: IV. Rondo in C Minor, H. 283
Refugees in Search of a Safe Haven
Jun 17, 2022 • Fleeing terror at home, searching for safety and shelter. During the Holocaust, European Jews cried out to the world for help, desperate to escape Nazi persecution. Without legal protection, their lives hung in the balance. Some were granted refuge in foreign countries with an unfamiliar language, new customs, and limited opportunities. Most found nowhere to turn.
Today, war, genocide, and mass atrocities are forcing millions of people around the world from their homes. Often separated from their loved ones, they face an uncertain future. In observance of World Refugee Day, learn more from Museum experts about the plight of refugees during the Holocaust and today.
Guest
Ron Coleman, Chief, Library, The David M. Rubenstein National Institute for Holocaust Documentation, United States Holocaust Memorial Museum
Host
Dr. Edna Friedberg, Historian, United States Holocaust Memorial Museum
Today, war, genocide, and mass atrocities are forcing millions of people around the world from their homes. Often separated from their loved ones, they face an uncertain future. In observance of World Refugee Day, learn more from Museum experts about the plight of refugees during the Holocaust and today.
Guest
Ron Coleman, Chief, Library, The David M. Rubenstein National Institute for Holocaust Documentation, United States Holocaust Memorial Museum
Host
Dr. Edna Friedberg, Historian, United States Holocaust Memorial Museum
The Sweetest Queer Love Declarations on Netflix
EU Says Ukraine Should Be Given Candidate Status to Join Bloc
THE GUARDIAN: Commission also recommends candidate status for Moldova but gives more guarded response to Georgia
The European Commission has said Ukraine should be given candidate status to join the EU, in a show of confidence in the wartime government of Volodymyr Zelenskiy and a diplomatic blow to Vladimir Putin.
The EU executive also recommended candidate status for Moldova, another former Soviet state that launched an EU membership bid soon after Russia’s invasion of Ukraine. But it gave a more guarded response to Georgia, saying the country needed to carry out further anti-corruption and judicial reforms.
EU leaders will decide next week whether to grant the three states EU candidate status, although full membership would be likely to take years. The decision would be a historic step for Ukraine, where reformers have been seeking democratic change since the Maidan protests of 2014, events that were the prelude to Russia’s annexation of Crimea and war on its neighbour. » | Jennifer Rankin in Brussels | Friday, June 17, 2022
The European Commission has said Ukraine should be given candidate status to join the EU, in a show of confidence in the wartime government of Volodymyr Zelenskiy and a diplomatic blow to Vladimir Putin.
The EU executive also recommended candidate status for Moldova, another former Soviet state that launched an EU membership bid soon after Russia’s invasion of Ukraine. But it gave a more guarded response to Georgia, saying the country needed to carry out further anti-corruption and judicial reforms.
EU leaders will decide next week whether to grant the three states EU candidate status, although full membership would be likely to take years. The decision would be a historic step for Ukraine, where reformers have been seeking democratic change since the Maidan protests of 2014, events that were the prelude to Russia’s annexation of Crimea and war on its neighbour. » | Jennifer Rankin in Brussels | Friday, June 17, 2022
I Just Called to Say I Love You
Litauen soll nur der Anfang sein
FRANKFURTER ALLGEMEINE ZEITUNG: Russlands Präsident Putin bezeichnet eine estnische Stadt als russisch. Ein Abgeordneter will die Unabhängigkeit Litauens widerrufen. Nimmt der Westen solche Drohungen ernst genug?
Jahrelang galt der Duma-Abgeordnete Jewgenij Fjodorow selbst nach Moskauer Maßstäben als radikaler Exot. Er sah Russlands Elite vom amerikanischen Auslandsgeheimdienst CIA durchsetzt und schuf eine „Nationale Befreiungsfront“, die Präsident Wladimir Putin, dem Fjodorow die Rolle des Heilsbringers zumisst, im Kampf gegen die angebliche Fremdherrschaft unterstützen soll. Aktivisten der „Front“ beschimpften und attackierten – von den Sicherheitskräften protegiert – Oppositionelle. Fjodorow fordert seit Jahren, Russland zu den „Grenzen von 1945“ zu verhelfen.
Der Abgeordnete tat das offenkundig mit Zustimmung des Kremls, denn die Machtpartei „Einiges Russland“ stellte ihn immer wieder auf. Am vergangenen Mittwoch hat er ein Gesetzesprojekt in das Unterhaus eingebracht, um die noch unter Michail Gorbatschows Sowjetunion 1991 erfolgte Anerkennung der Unabhängigkeit Litauens aufzuheben. Die Anerkennung sei „illegal“ gewesen, da keine einzige sowjetische Institution berechtigt gewesen sei, über den Austritt einer Republik aus der Sowjetunion oder über deren Ende zu entscheiden. Nach dieser Logik könnte jede frühere Sowjetrepublik zum Ziel werden, wie Fjodorow gegenüber dem Staatsmedium „Sputnik“ klarstellte: „Wir haben nur mit Litauen angefangen.“ » | Von Friedrich Schmidt und Reinhard Veser | Mittwoch, 15 Juni 2022
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Stock Markets Plunge again as Flurry of Interest Rate Hikes Fuels Recession Fears
THE GUARDIAN: Investors wary as other central banks follow US Federal Reserve in raising borrowing costs
The global rout in stock markets, cryptocurrencies and other risky assets has gathered pace amid growing concern that out-of-control inflation, rising interest rates and slowing growth could combine to tip the world into recession.
Share prices fell in Asia on Friday at the beginning of what was likely to be another torrid day for investors spooked by the US Federal Reserve’s decision this week to raise interest rates by the largest margin for almost 30 years.
Other leading central banks such as the Bank of England and the Swiss National Bank have followed suit – the latter in its first hike for 15 years – sending economists scrambling to revise their forecast for growth downwards.
Stephen Innes at SPI Asset Management in Hong Kong said: “No central bankers worth their weight would put inflation-fighting credentials on the line and import higher energy inflation via a weaker currency. » | Martin Farrer | Friday, June 17, 2022
The global rout in stock markets, cryptocurrencies and other risky assets has gathered pace amid growing concern that out-of-control inflation, rising interest rates and slowing growth could combine to tip the world into recession.
Share prices fell in Asia on Friday at the beginning of what was likely to be another torrid day for investors spooked by the US Federal Reserve’s decision this week to raise interest rates by the largest margin for almost 30 years.
Other leading central banks such as the Bank of England and the Swiss National Bank have followed suit – the latter in its first hike for 15 years – sending economists scrambling to revise their forecast for growth downwards.
Stephen Innes at SPI Asset Management in Hong Kong said: “No central bankers worth their weight would put inflation-fighting credentials on the line and import higher energy inflation via a weaker currency. » | Martin Farrer | Friday, June 17, 2022
Julian Assange’s Extradition from UK to US Approved by Home Secretary
THE GUARDIAN: Fresh appeal likely after Priti Patel gives green light to extradition of WikiLeaks co-founder
Supporters of Julian Assange demonstrating outside the Home Office on 17 May calling on Priti Patel to refuse the US extradition order. Photograph: Anadolu Agency/Getty Images
Priti Patel has approved the extradition of WikiLeaks co-founder Julian Assange to the US.
The case passed to the home secretary last month after the supreme court ruled that there were no legal questions over assurances given by US authorities over how he is likely to be treated.
While Patel has given a green light, an expected cross-appeal by Assange’s legal team would restart the clock on a renewed legal battle in the courts.
It is likely to focus on grounds such as the right to freedom of expression and whether the extradition request is politically motivated. Patel had been considering whether the US extradition request met remaining legal tests, including a promise not to execute him. » | Jamie Grierson and Ben Quinn | Friday, June 17, 2022
This is truly disgraceful! Patel's heartlessness knows no bounds. She's a mean, nasty little woman. Shame on her! – © Mark Alexander
Londres approuve l’extradition de Julian Assange aux Etats-Unis : La justice américaine veut juger le fondateur de WikiLeaks pour la diffusion, à partir de 2010, de plus de 700 000 documents classifiés sur les activités militaires et diplomatiques américaines, en particulier en Irak et en Afghanistan. Il risque cent soixante-quinze ans de prison. »
Priti Patel has approved the extradition of WikiLeaks co-founder Julian Assange to the US.
The case passed to the home secretary last month after the supreme court ruled that there were no legal questions over assurances given by US authorities over how he is likely to be treated.
While Patel has given a green light, an expected cross-appeal by Assange’s legal team would restart the clock on a renewed legal battle in the courts.
It is likely to focus on grounds such as the right to freedom of expression and whether the extradition request is politically motivated. Patel had been considering whether the US extradition request met remaining legal tests, including a promise not to execute him. » | Jamie Grierson and Ben Quinn | Friday, June 17, 2022
This is truly disgraceful! Patel's heartlessness knows no bounds. She's a mean, nasty little woman. Shame on her! – © Mark Alexander
Londres approuve l’extradition de Julian Assange aux Etats-Unis : La justice américaine veut juger le fondateur de WikiLeaks pour la diffusion, à partir de 2010, de plus de 700 000 documents classifiés sur les activités militaires et diplomatiques américaines, en particulier en Irak et en Afghanistan. Il risque cent soixante-quinze ans de prison. »
Thursday, June 16, 2022
Foreigner : I Want to Know What Love Is | Official Music Video
Idaho to Bay Area: White Supremacists Violently Target Pride Events, Egged On by Right-wing Media
’Intimates’
UK Interest Rates Raised to 1.25% by Bank of England
BBC: UK interest rates have risen further as the Bank of England attempts to stem the pace of soaring prices.
Rates have increased from 1% to 1.25%, the fifth consecutive rise, pushing them to the highest level in 13 years.
It comes as finances are being squeezed by the rising cost of living, driven by record fuel and energy prices.
Inflation - the rate at which prices rise - is currently at a 40-year high of 9%, and the Bank warned it could surpass 11% later this year.
The Bank said rising energy prices were expected to drive living costs even higher in October, but added it would "act forcefully" if necessary should inflation pressures persist. » | Dearbail Jordan, Business reporter, BBC News | Thursday, June 16, 2022
Rates have increased from 1% to 1.25%, the fifth consecutive rise, pushing them to the highest level in 13 years.
It comes as finances are being squeezed by the rising cost of living, driven by record fuel and energy prices.
Inflation - the rate at which prices rise - is currently at a 40-year high of 9%, and the Bank warned it could surpass 11% later this year.
The Bank said rising energy prices were expected to drive living costs even higher in October, but added it would "act forcefully" if necessary should inflation pressures persist. » | Dearbail Jordan, Business reporter, BBC News | Thursday, June 16, 2022
The Phoney War: Why Didn't the Allies Act? | Price of Empire | Timeline
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Flucht und Vertreibung weltweit I Grafik-Explainer
Jun 16, 2022 • Seit zehn Jahren steigt die Zahl der Vertriebenen immer weiter – auf inzwischen mehr als 100 Millionen Menschen weltweit, wie die aktuellen Daten des UNHCR der Vereinten Nationen zeigen. Über die Hälfte von ihnen ist im eigenen Land auf der Flucht. Von den mehr als 33,5 Millionen (Zahl inklusive Ukraine-Flüchtlinge), die ihr Land verlassen haben, sucht der größte Teil in direkten Nachbarstaaten Schutz.
Die Fluchtursachen sind vielfältig: Krieg, Gewalt, Hunger und Naturkatastrophen zwingen weltweit Menschen dazu, ihre Heimat aufzugeben.
Dieses Grafikvideo informiert über die Situation der Flüchtenden in den größten Krisenherden rund um den Globus und beleuchtet die unterschiedlichen Fluchtursachen – in Europa, Asien, Afrika und Amerika.
Die Fluchtursachen sind vielfältig: Krieg, Gewalt, Hunger und Naturkatastrophen zwingen weltweit Menschen dazu, ihre Heimat aufzugeben.
Dieses Grafikvideo informiert über die Situation der Flüchtenden in den größten Krisenherden rund um den Globus und beleuchtet die unterschiedlichen Fluchtursachen – in Europa, Asien, Afrika und Amerika.
Lavish Money Laundering Schemes Exposed in Canada
THE NEW YORK TIMES: Government officials in the province of British Columbia were aware that suspicious money was entering their revenue stream, but took no steps to stop it.
VANCOUVER — Self-professed students were buying multimillion-dollar homes in the Vancouver area, with dubious sources of income, or none at all.
A family of modest means transferred at least 114 million Canadian dollars to British Columbia.
Loan sharks cleaned their dirty money by giving garbage bags and hockey bags full of illicit Canadian 20 dollar bills to gamblers who took it onto casino floors.
Those were just some of the findings from a long-awaited report into money laundering in Canada’s western province of British Columbia, which after two years of testimony was finally released by a special commission on Wednesday.
Canada is a “major money laundering country,” with weak law enforcement and gaps in its laws, that put it on a list of countries that included Afghanistan, China and Colombia, according to a 2019 report by the State Department. Few places in Canada launder as much money as the province of British Columbia, specifically the region around Vancouver, which has one of the country’s biggest underground economies. The province has earned an international reputation as a haven for “snow washing” — a term for money laundering in Canada, according to government officials. » | Catherine Porter, Vjosa Isai and Tracy Sherlock | Wednesday, June 15, 2022
VANCOUVER — Self-professed students were buying multimillion-dollar homes in the Vancouver area, with dubious sources of income, or none at all.
A family of modest means transferred at least 114 million Canadian dollars to British Columbia.
Loan sharks cleaned their dirty money by giving garbage bags and hockey bags full of illicit Canadian 20 dollar bills to gamblers who took it onto casino floors.
Those were just some of the findings from a long-awaited report into money laundering in Canada’s western province of British Columbia, which after two years of testimony was finally released by a special commission on Wednesday.
Canada is a “major money laundering country,” with weak law enforcement and gaps in its laws, that put it on a list of countries that included Afghanistan, China and Colombia, according to a 2019 report by the State Department. Few places in Canada launder as much money as the province of British Columbia, specifically the region around Vancouver, which has one of the country’s biggest underground economies. The province has earned an international reputation as a haven for “snow washing” — a term for money laundering in Canada, according to government officials. » | Catherine Porter, Vjosa Isai and Tracy Sherlock | Wednesday, June 15, 2022
Wednesday, June 15, 2022
The Crypto Crash Continues.
THE NEW YORK TIMES: Cryptocurrencies fell again on Wednesday, extending a rout that has dragged down digital currencies more steeply than many other markets. Bitcoin, the biggest cryptocurrency, traded at about $21,000 early on Wednesday, down 4 percent over the past 24 hours, 30 percent over the past week and 55 percent so far this year, according to CoinDesk.
Wall Street analysts have been keeping a close eye on cryptocurrencies to see if they might avoid the slowdown traditional assets have experienced. (The S&P 500 is in a bear market, down about 20 percent this year.) The pullback in the crypto market, however, illustrates the precariousness of the structure built around these risky and unregulated digital assets.
Stock prices of crypto companies have cratered, retail traders are fleeing and industry executives are predicting a prolonged slump that could put more companies in jeopardy, The New York Times’s David Yaffe-Bellany and Erin Griffith report.
“The tide has gone out in crypto, and we’re seeing that many of these businesses and platforms rested on shaky and unsustainable foundations,” said Lee Reiners, a former Federal Reserve official who teaches at Duke University Law School. “The music has stopped.” » | Eshe Nelson | Wednesday, June 15, 2022
Wall Street analysts have been keeping a close eye on cryptocurrencies to see if they might avoid the slowdown traditional assets have experienced. (The S&P 500 is in a bear market, down about 20 percent this year.) The pullback in the crypto market, however, illustrates the precariousness of the structure built around these risky and unregulated digital assets.
Stock prices of crypto companies have cratered, retail traders are fleeing and industry executives are predicting a prolonged slump that could put more companies in jeopardy, The New York Times’s David Yaffe-Bellany and Erin Griffith report.
“The tide has gone out in crypto, and we’re seeing that many of these businesses and platforms rested on shaky and unsustainable foundations,” said Lee Reiners, a former Federal Reserve official who teaches at Duke University Law School. “The music has stopped.” » | Eshe Nelson | Wednesday, June 15, 2022
Why the Fed Can Keep Rates ‘Pretty Aggressively’ in the Short Term: Economist
Weak Pound Puts the Squeeze on Holiday Spending
BBC: The pound's weakness against the dollar and the euro spells bad news for British holidaymakers this summer.
Fears over the UK economy are weighing on markets, causing sterling to sink below $1.20 on Tuesday, its lowest level since the start of the pandemic, before partly recovering on Wednesday.
Versus the euro, the pound is hovering near thirteen-month lows.
As a result many Brits traveling abroad in the next few weeks will find their spending money won't stretch as far.
"The pound remains a very vulnerable currency," said Jane Foley, head of foreign exchange strategy at the Dutch bank Rabobank.
"A lot of this is related to fears about growth," she continued, noting that political uncertainty and a potential trade conflict with the European Union were likely to add to investors' concerns about the UK's economic outlook. » | Noor Nanji, Business reporter, BBC News | Wednesday, June 15, 2022
Fears over the UK economy are weighing on markets, causing sterling to sink below $1.20 on Tuesday, its lowest level since the start of the pandemic, before partly recovering on Wednesday.
Versus the euro, the pound is hovering near thirteen-month lows.
As a result many Brits traveling abroad in the next few weeks will find their spending money won't stretch as far.
"The pound remains a very vulnerable currency," said Jane Foley, head of foreign exchange strategy at the Dutch bank Rabobank.
"A lot of this is related to fears about growth," she continued, noting that political uncertainty and a potential trade conflict with the European Union were likely to add to investors' concerns about the UK's economic outlook. » | Noor Nanji, Business reporter, BBC News | Wednesday, June 15, 2022
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