24 April 2017

Update no.801

Update from the Heartland
No.801
17.4.17 – 23.4.17
To all,

            I am proud to announce the publication of my 12th book and the 5th book of my To So Few series of historical novels.

            Royal Air Force Fighter Command fought mind-numbing fatigue, overwhelming odds and precipitously diminishing numbers in the desperate aerial battle over Southeast England the world called the Battle of Britain. With the Air Defense System of Great Britain rapidly approaching the threshold of ineffectivity, the Germans shift their horrific aerial assault from the airfields and aircraft factories to London and the civilian population. His Majesty’s Government focused upon keeping the Germans from attempting a cross-Channel invasion, keeping the vital Atlantic supply lines open, and encouraging the United States to provide desperately needed war material. The miraculous shift of German bombardment targeting, soon to be known as The Blitz, brings breathing room to the nearly expended fighter pilots, and enables precious time for refit and renewal. As German daylight air operations begin to dwindle in favor of night bombing of the cities, Brian Drummond wades into a bad situation to save a comrade during an air raid in the West Country. Brian’s aircraft is seriously damaged. Unable to bailout, he crashes and is seriously injured. After being stabilized in a hospital, Brian recovers from his injuries under the care of Charlotte Palmer, as their relationship grows.
            The Verdict is available from all book retail outlets in print and digital formats.  I doubt it will be in stock with local brick & mortar stores, but the book can be easily special ordered at your convenience.  If anyone has difficulty obtaining the book in the form you wish, please let me know.
            Cap is working on Book VI that will take the characters of the To So Few series into 1941, the invasion of the Soviet Union, and the Japanese surprise attack on Pearl Harbor.
            Saint Gaudens Press – the book’s publisher – in cooperation with Amazon, has created a Kindle eBook giveaway of The Verdict.  Any interested readers can visit the relevant web page to enter the contest:
            For those who may seek additional information about my writing, the parlier.com website has been updated for your review, or just ask.  After all, I do enjoy talking about writing, my characters, the story, and anything else that might come to mind.
            As always, I truly appreciate constructive criticism – good, bad, or ugly.

            Attorney General ‘Jeff’ Sessions announced the days of a slightly more relaxed enforcement are over and the USG is no longer going to turn a tolerant eye on state marijuana laws.  Sessions’ action stimulated Leonard Pitts to write another cogent, relevant and appropriate opinion.
“United States doesn’t need another War on Drugs”
by Leonard Pitts Jr. – Miami Herald
Wichita Eagle
Published: APRIL 17, 2017; 5:12 AM
I agree with Pitts.  In fact, I think he has been a bit reserved with his criticism of the government decision to reinvigorate the disastrous and ill-conceived notional “war on drugs.”  We have allowed the government to compromise our freedom of choice and fundamental right to privacy, and focus on the wrong issue.  The proper place of government is regulating the production, distribution and sale of psychotropic substances, and enforcement of proper public domain conduct for the public good and protection of public safety.  Richard Nixon took us down the wrong road criminalizing consumption of psychotropic substances, instead of protecting public safety.  Yes, Leonard Pitts is quite correct; we do not need another “war on drugs.”

            A friend and frequent contributor to this humble forum offered this article for debate: “MIT expert claims latest chemical weapons attack in Syria was staged”
by Tareq Haddad
International Business Times
Published: April 17, 2017
Massachusetts Institute of Technology Professor Emeritus Theodore Postol argues that the U.S. Government claims were wrong.  He interpreted public information to conclude the event was staged by others to suggest the Assad regime perpetrated the recent chemical attack on Khan Sheikhoun [800] that precipitated the U.S. cruise missile attack on Shayrat airfield in Homs Province [800].
My comment:
Calvin,
            Interesting perspective.  As I read the reporting of Postol’s analysis, I am left with the impression he does not have much experience with aerial-delivered chemical & biological weapons.  Chemical munitions do not have conventional explosive charges.  The design intent is the hold the device together during release and fall, to hold container integrity until the desired activation point.  There is generally just enough low-order explosive material to open the casing at the proper time and release the chemical agent.  Such devices do not want the heat and energy of a high order explosive as that will often damage or eliminate the desired agent contained within.  Thus, chemical and biological delivery systems generally do not reflect crater-ing effects common to high explosive devices.  Bottom line: I do not find Postol’s argument compelling.

            Prime Minister Theresa May made a call for an early general election on 8.June, apparently in an attempt to solidify her position and give her more authority in the upcoming Brexit negotiations with the European Union.  She became prime minister when her predecessor David Cameron resigned, which left her with a very slim majority of 17 in the House of Commons.  This move is a gamble for May, but a very smart one it seems to me.  If she is correct, it will strengthen her position and make her less dependent on the support of the euro-skeptics of her Conservative Party.

            The ouster of William James ‘Bill’ O'Reilly Jr. at Fox News has brought the issue of sexual harassment in the workplace to the forefront, again.  In typical manner, O’Reilly claims the accusations against him are unfounded, since he has not been charged, tried, convicted and punished for his crimes.  He gets a reported US$25M pay out for his troubles, and his victims do not get their day in court for justice.  The behavior of which he is accused of is consistent with his public conduct.  O’Reilly does not respect those who do not believe as he believes and he does not respect women.  I am certain he truly believes he has done nothing wrong, since he is an alpha-male and entitled to treat people as he chooses – just another version of royal prerogative – it is his God-ordained station in life.  No wonder Trump defended his friend; they are two peas from the same pod.

            As this week’s Update closes, the French people voted in the first round of their presidential election.  I confess to be rather anxious about what may come with this election.  No candidate is likely to garner 50% of the vote, so a runoff election will be necessary in June with the top two vote-getters.  As I voiced in the British European Union vote [758], I think it would be a very negative outcome if an anti-EU candidate won the presidency in France.  We await the decision of the French people.
            According to widely reported, preliminary (unofficial) results, Independent Emmanuel Jean-Michel Frédéric Macron collected 23.9% of the vote; and Marion Anne Perrine ‘Marine’ Le Pen, leader of the ultra-right, nationalist, National Front gained 21.4% of the vote.  As the top two of eleven candidates in the first round, Macron and Le Pen will face off in Round 2 on Sunday, 7.May.2017, to decide the election.

            Comments and contributions from Update no.800:
“You already know how I differ with you to some degree about the POTUS, so I restrain myself to the following reaction to 800:
“1.   Congratulations on the 800 mark!  I wish I had seen the first several hundred that I missed, and I envy my brother's previous relationship with you as a friend and fellow patriot who admired your commentary.
“2.  Re: ‘end of bipartisanship.’  ...disagree only in the genesis.  ...prior to the Reagan administration and most likely originated in the Johnson administration ...
My response:  BINGO!
“3.  Re: ‘Gorsuch.  ...the only proper ‘stated position’ for a judge should be, must be, the law.  Personal opinions have no place in judicial pronouncements.
My response: NEAR TOTAL AGREEMENT!
“Having sought and experienced the best and hardest job I ever had, the trial judge with the highest individual case load in the state of Mississippi, I was exhausted after my term of 12-14 hour days handling both the mundane and the esoteric original trial and lower court appeal issues, listening to the incompetent and the excellent witnesses and advocates, ruling on incessant objections, doing my own research before we had law clerks at the trial court level, ruling from the bench without benefit of any jury on which to blame erroneous interpretation of inconsistent facts, establishing innovative court reforms to level the playing field for visiting attorneys, pushing mediation to encourage settlements instead of the wasteful litigation that had lined the pockets of the attorneys previously, teaching lawyers rules and behavior standards that my predecessor had ignored in favor of local attorneys to avoid possible challenge at election time, resisting the constant threat to avoid all things controversial like other chancellors did so as to stay popular enough for re-election, etc.  I succeeded as a matter of principle and, of course, was retired at the polls, but sleep well and enjoy a pittance from the public employee retirement system.  THEREFORE, I claim credibility on this subject because I am still steeped in the principles of judicial ethics, so I must chime in.  The inane questioning of a Supreme Court nominee by members of the U. S. Senate about his opinion on questions that have been or may be before the court shows either their individual ignorance or pervasive political bias.  No judge is permitted--indeed all are prohibited from -- public expression of personal views on pending questions.  Judge Gorsuch would have categorically disqualified himself if he had taken the bait.
“On the other hand, personal views within written decisions often help explain, defend, and make more palatable an opinion of an appellate judge who rules based upon the law as written rather than on his or her personal opinion, thereby reinforcing the proper role of the judiciary under our constitution and referring controversial matters to the legislative branch where they often belong.”
My reply:
            Thank you . . . a labor of love.  The early versions were called “Update from Italy” during my employment and residency in Italy.  I saved ‘em all.  You are welcome to read them; easy enuf to send ‘em.  It just wasn’t practical to post them.
            I feel like I have known you for many years.  Your brother was very proud of you and we talked about you, even though you and I had not met, yet.  He was a very good man; I miss him.
            Re: “end of bipartisanship.  Oh, you were still quoting me.  We agree on the genesis . . . correct?
            Re: “Gorsuch.  My concern with all the fundamentalists (or strict constructionists) is the relationship between enumerated authority / rights and fundamental rights (not directly expressed in the Constitution), most prominently, a citizen’s fundamental right to privacy.  Are their rights of citizens beyond the Constitution?
            Thank you for your perspective as a judge.  I have never liked attaching judicial position to popular opinion . . . inherently politicizing the judiciary – never good. 

Comment to the Blog:
“I see that United Airlines passenger as legally wrong and morally right. He is a doctor who was traveling to see a patient, and he had paid for his ticket and boarded correctly. He wasn’t even bumped in favor of some other passenger, but for airline employees who did not pay. The fact that airlines can over-book and ‘bump’ passengers legally says more about their ability to buy politicians than about anything else. This sort of runaway greed is bound to meet with resistance at some point.  I hope to see much more. Awareness of this is one more reason I do not fly.  I am not afraid of flying itself, but I’m not willing to put up with airlines or risk the Department of Homeland Insecurity.  Not everyone has that choice.
“I can only mourn for Turkey.  Their experiment with democracy lasted longer than many.
“Your other correspondent’s concern about Trump supporters punching or otherwise attacking him is supported by events.”
My response to the Blog:
            Re: unruly passenger.  The airline had no means to assess the veracity of his statement in a timely manner.  He was not morally right to resist law enforcement.  There were other means for him to object, if he believed his rights were violated.
            Re: airlines.  I am NOT defending United Airlines.  They were wrong to deal with the over-booking onboard the aircraft; should have been dealt with in the lobby.  I have faced onboard removal more than a few times; I never liked that threat.  “runaway greed” – I think that is a bit steep.  In this instance, they were sacrificing revenue in pocket for the larger picture; they had to move a flight crew quickly to avoid losing a plane-load of paying passengers.  Running an airline is NOT an easy juggling act.  They are driven by load-factor.
            Re: Turkey.  We shall have to keep a close eye on the political evolution in that important country.
            Re: Trump supporters.  Indeed!  Passions have been stirred.
 . . . Round two:
“The passenger had no means of immediate defense. While he probably had some sort of ID, it's not as if the enforcers would have considered it. Appealing to some authority figure later, even if it worked, would do nothing for his medical mission.
“‘Runaway greed’ is pretty appropriate to airlines and involves more than their brutal method of removing over-booked passengers. They are the industry that perfected strategic bankruptcies.  Together with telecoms, they made it ordinary to reduce service and raise ‘nuisance fees’ to an art form.  It would be inappropriate to describe airlines as other than greedy.  The only unusual aspect of the United incident is that such incidents are not common or get little notice.  I suspect that most people just feel helpless and don't resist.  So much for that ‘rugged individualist’ American image.”
 . . . my response to round two:
            Re: “no means of immediate defense.  To be blunt, that is irrelevant.  The small print on every airline ticket says something to the effect that the airline reverses the right to bump passengers.  We are all subject to the same rules.
            It is unfortunate that you have such a negative view of the airlines.  I wish I had an entire commercial aircraft to myself and I rode in first class just because they liked me and appreciated my being a passenger; but that is not realistic.  Airlines are driven by load factor.  Most of them need load factors of 60-80% just to break even.  For years, government regulation seriously constrained the industry; they lost money.  Now, they are making money.  I do not like all these damnable charges: assigned seats, aisle seats, carry-on bags, everything of value they can think of; but, it is how they make money.  The balance point must be out there somewhere.  Perhaps the USG should form its own airline to just breakeven.
            Most citizens do not resist law enforcement.  I do not want to do anything that encourages resistance to law enforcement.
 . . . Round three:
“We will disagree on airlines. They lost money only enough and long enough to declare bankruptcy, escape creditors, and come back to making even more. I find them repellent.”
 . . . my response to round three:
            We shall respectfully disagree.  I think you overly simplified the financial basis of the airline industry.  That is your choice.

            My very best wishes to all.  Take care of yourselves and each other.
Cheers,
Cap                        :-)

17 April 2017

Update no.800

Update from the Heartland
No.800
10.4.17 – 16.4.17
To all,

            If anyone needs a prime example of why history is such an important topic, especially for people in the public eye, you have to look no farther than the current White House Press Secretary this week.  Sean Spicer publicly stated that Syria’s Assad was worse than Hitler, since even Hitler did not resort to the use of chemical weapons.  What Sean failed to learn, realize or remember, Xyklon-B was the chemical nerve agent of choice used by Hitler’s SS to kill millions of innocent people at his extermination camps.  Spicer might have gotten away with his faux pas, if he had added the caveat of chemical weapon use on the battlefield, but he did not.  Then, he made matters worse by fumbling around trying to justify his remarks . . . before he eventually apologized for his mistake.  While I would not expect John Q. Citizen to know that history, or that detail of history, politicians, celebrities who choose to speak about such things, and government civil servants must know those details of history, or avoid any such references.  Hitler’s der Endlösung von die Judenfrage (the Final Solution of the Jewish Question) was orders of magnitude worse and beyond the totality of what Assad has done, so far.

            As many of your know from my history, I am no fan of United Airlines.  My negative opinion of that company goes back four decades and has not abated with time.  The recent viral video of a resistant and belligerent passenger being forcibly removed from a flight after he had properly boarded has caused quite a stir.  My opinion is markedly different from the majority of the Press and talking heads.  What we do not see is the flight crew doing their jobs properly.  When that passenger resisted following proper and legal instructions, they called law enforcement to deal with a non-compliant passenger.  The video showed law enforcement forcibly removing the belligerent passenger.  Frankly, that passenger deserves to be charged with a federal crime of obstructing a flight crew, disturbing the peace, resisting law enforcement and other crimes.  Could United have dealt with the situation better?  Perhaps, they could have dealt with the crew movement and over-booking situation in the boarding area, rather than on the aircraft.  However, at the bottom line, that passenger was dead wrong and should be properly charged, tried, convicted and punished for his conduct.  All this yammering about how mistreated he was will only encourage others to resist inappropriately.
            A related and relevant independent opinion:
“I Know You’re Mad at United but… (Thoughts from a Pilot Wife About Flight 3411)”
by Angelia J. Griffin
The Pilot Wife Blog
Published: APRIL 11, 2017
She stated, “If a federal law enforcement officer asks me to exit a plane, no matter how royally pissed off I am, I’m going to do it and then seek other means of legal reimbursement.”  That is the bottom line.  The public reaction to the video clips of that event will do nothing but encourage resistance to proper law enforcement action.  I am far more concerned about what this will do in other similar situations.  Ms. Griffin goes on to offer some germane and appropriate observations as a consequence of this incident.

            We bear witness as a new dictator is born.  President Recep Tayyip Erdogan of Turkey publicly declared victory in a controversial referendum that concentrates far more power in the person of the president – Erdogan.   The Sunday vote had a reported 85% eligible voter turnout with 51.41% voting yes and 48.59% voting no. Preliminary analysis indicates the vote was split largely on a rural versus city basis, or fundamental Islam versus secular division.  Erdogan has persistently sought greater power after surviving a coup d'état last year [761, 15.July.2016].  It never ceases to amaze me when people vote for a dictatorship.

            Comments and contributions from Update no.799:
Comment to the Blog:
“The sarin gas attack on the village of Khan Sheikhoun, Idlib Province, Syria, had yet to be investigated before U.S. missiles destroyed the evidence.  Hence, most of the details of that attack remain unknown.  Mainstream discussions are now dominated by conspiracy theories, so this ought to be interesting.
“Your and some other Congressional special elections may demonstrate the current political direction of this country. As I write this, Kansas awaits vote counting. People predicting anything further ignore the pace of events.
“Those who seek to kill large numbers of people, regardless of motivation, have found a new weapon that will not be banned. The entire world in this century depends on motor vehicles. Turning them against one’s perceived enemies or random targets makes a whole new danger for everyone. If such perpetrators die, any supporters or helpers may become impossible to track. Vehicle thefts make a blind alley for investigators. This also makes claims of responsibility dubious. Explosions continue to have the same trademarks and/or traceable residues as before.
“We may well mourn the end of bipartisanship in Washington, DC, but it comes as no surprise. The U.S. Federal government has been that way since the Reagan Administration.
“As far as Mr. Justice Gorsuch, we shall see. Jurists who refuse to state positions prior to being seated cannot be tied to them later.
“I believe the Donald has no clear clue that he annoys and/or amuses the rest of the planet. His self-involved and arguably insane viewpoint does not seek accurate outside information.”
My response to the Blog:
            Re: “destroyed the evidence.”  The evidence was not collectible at either end per se.  This is where we must trust the Intelligence Community and the President.  It is quite plausible and well within the capabilities of the allied powers to have seen the Syrian attack mission unfold from takeoff to consequence.  On this one, I must give the President the benefit of the doubt.  Despite the naysayers, I think he took the correct action in this instance.
            Re: Kansas 4th District special election.  The results have been counted and reported.  The Republican candidate, who stooped to rather vile, personal, advertisement attacks, was elected.
            Re: terrorist weapons of choice.  The bad guys will use anything they believe undermines the resolve of freedom-loving people and raises doubt in our governments.
            Re: “end of bipartisanship.”  Quite so.  I will disagree only in the genesis.  I will argue the source was prior to the Reagan administration and most likely originated in the Johnson administration and the broad distrust of government, in general, born in the societal consequences of the Vietnam War, and specifically how it was conducted by the Johnson administration.  Nixon’s paranoia did not help and most likely amplified that blossoming distrust of government.
            Re: “Gorsuch.”  Indeed, we shall see.  Just a tangential comment, the only proper “stated position” for a judge should be, must be, the law.  Personal opinions have no place in judicial pronouncements.
            Re: “the Donald.”  I think you have seriously understated the negative consequences of his pervasive, personality flaws . . . but that is not news.
 . . . follow-up comment:
“You seldom say anything as implausible as, ‘This is where we must trust the Intelligence Community and the President.’  That's silly.  I did not understate the results of Trump's flaws.  I said he has no clear clue about their effects.  That cluelessness makes the whole thing worse, not better.”
 . . . my follow-up response:
            Re: “That's silly.”  LOL  So you say!  However, what is the alternative?
            Re: “That cluelessness makes the whole thing worse.”  Spot on . . . without question.  An ancillary comment: I’m not sure if it is cluelessness or the ambivalence of his narcissism.
 . . . the contributor’s closing comment:
“There was a day when the function of the press was investigating claims and events.  That alternative has largely collapsed, led down the toilet by Rupert Murdoch with plenty of help.  I suppose there's no way to know the truth until historians move in later, but hope springs eternal.”

Another contribution:
“Yes, Devin Nunes overstepped his boundaries and norms, and got him self in a bunch of trouble.
“My reservations on your views/opinion on the Syrian chemical attack, is whether this was state sponsored, done by ISIS/AQ, or any other rogue agents.  When Trump launched the Tomahawk attack on an airbase that really had no real effect on the Assad regime, it was done before an investigation by the proper entities, I suspect U.N., could be done.  My guess on it was Trump needed to look like he was in-charge and posture for Russia, posture for North Korea.  Maybe I am wrong.
“I've heard much about the TV program ‘Homeland’ but not seen it, I might need to try a view it.
“I am disgusted about this point with Trump.  I don't tell too many people about it, am not sure if someone will try and shoot me or punch me.  But I think Trump is a disgrace because he most misrepresented what he truly was about, more than any presidential candidate I can recall.  He has no moral, ethical nor psychologically sound bar or standard.  This makes Donald Trump very dangerous.  I see him as a narcissist like we do not know, and time will tell, but Nixon may look very saintly.
“The St. Petersburg bombing, very interesting given the unusual geopolitical events and tension these days.
“On 'extreme vetting', once more Trump and ADMIN is showing me we are entering a dark state (not Deep State), that is not good for U.S.A. nor anyone else.  It sort of portends the times I think we may be entering.  Maybe they clued Trump & Gang in on what was about to come, for him to take these extreme positions.”
My reply:
            Re: Nunes.  Quite so.  It will be difficult for Nunes to shed the image of him as Trump’s lackey; he compromised himself.
            Re: Syria chemical attack.  As I have written previously, this is where we must trust the Intelligence Community and the President.  The capability to ‘observe’ the chemical attack from takeoff to result is well within the capacity of the allied powers.  The Assad regime has certainly used chemical weapons before, so this instance is quite plausible.  Frankly, I support the President’s action in this case.  In fact, I think we should have imposed a “no fly” zone at least over rebel territory, if not the whole of Syria, when this fracas began.  We certainly have the capability to enforce that action.  Once Russia entered the fray, the situation became substantially more complicated and dangerous.  I would not say you are wrong; I just offer an alternative perspective.
            Re: “Homeland.”  I have thought that program was well done from the get-go.  Season 6 is the most relevant to contemporary events, but the whole program is worth your time.
            Re: “Trump.”  I share your perspective, although I think the situation is far worse than you state.
            Re: St. Petersburg bombing.  Quite so.  Personally, I think the Russian and American people have far more in common than there are differences; it is the Putin regime that is the problem.
            Re: “dark state.  Oh my, yes.  The signs are not good.  They tried to float a lead balloon.  I suspect this is only the bitter foretaste of what is to come.  Semper viglians.

            My very best wishes to all.  Take care of yourselves and each other.
Cheers,
Cap                        :-)

10 April 2017

Update no.799


   News from the economic front:

Staples Explores Sale, Stock Jumps 13%

Tue, April 4, 2017 9:51 am
Staples is exploring a sale, less than a year after its effort to merge with rival retailer Office Depot failed on antitrust grounds. 
The Framingham, Mass., office-supplies seller is in talks with a small number of possible private-equity bidders, according to people familiar with the matter. The talks are early and it is possible they won't lead to a deal, the people cautioned. 
See More Coverage »


Federal Reserve's Lacker Quits as He Acknowledges Role in Alleged Leak of Confidential Information

Tue, April 4, 2017 1:44 pm
Federal Reserve Bank of Richmond President Jeffrey Lacker said he was stepping down effective Tuesday in a letter that revealed his involvement in an alleged 2012 leak of confidential Fed information. 
Mr. Lacker said he had spoken with an analyst from Medley Global Advisors on Oct. 2, 2012. During the conversation, he learned the analyst knew confidential details about policy options that would be discussed at a coming Fed meeting, he wrote. By not refusing to comment during the conversation with the Medley analyst, Mr. Lacker said he may have given the impression he was confirming or acknowledging the information. The official said he didn't mention this during an internal 2012 investigation. 
See More Coverage »

Fed Minutes Show Most Officials Saw Reduced Balance Sheet 'Later This Year'

Wed, April 5, 2017 2:12 pm
Federal Reserve officials agreed at their March policy meeting that they would likely begin shrinking a $4.5 trillion portfolio of Treasury and mortgage securities later this year, though they remained undecided on some important tactical questions, such as how quickly to reduce the holdings and to what level, according to minutes of the meeting released Wednesday. 
The minutes of the March 14-15 meeting help to answer a question hanging over markets in recent months. The central bank has been telegraphing interest-rate increases for years but has been noncommittal on how it will handle the sizable securities holdings it acquired through asset-purchase programs during and after the 2007-09 recession. Those programs were meant to hold down long-term interest rates and boost economic growth. 
See More Coverage »


Spotify Finally Readies an IPO...That's Not an IPO

Thu, April 6, 2017 7:12 am
Music-streaming service Spotify is readying an initial public offering that is expected by year-end. The rub is this: It may not really be an IPO. 
Spotify is seriously considering a direct listing, in which the company would simply register its shares on a public exchange and let them trade freely, according to people familiar with the matter. The company wouldn't raise any new money or use underwriters to place new blocks of stock. 
That would mark a departure from the typical IPO, in which new investors buy shares from the company or its early investors, or both, the night before they start trading. 
See More Coverage »


YouTube Blocks Ads From Channels With Fewer Than 10,000 Views

Thu, April 6, 2017 4:05 pm
YouTube said video channels on its site must now have more than 10,000 total views before the company will place ads on their videos, a major shift in policy the company said is designed to punish rule breakers. 
The move by YouTube, owned by Alphabet's Google, comes amid a backlash from advertisers over the company's placement of ads on objectionable videos. The change is likely to reassure some advertisers, though it could also upset many of its millions of creators. 
See More Coverage »


Oil Trader Gunvor Approached Competitors Over Possible Sale

Fri, April 7, 2017 6:25 am
Gunvor Group, one of the world's largest oil traders, has sounded out competitors over a possible sale, two people familiar with the matter said. 
A deal would further consolidate a sector that is already dominated by a small group of secretive giant trading firms. These companies buy and sell physical oil, shipping it around the world. 
Guvnor has discussed a possible sale of the entire company with at least two competitors, according to people familiar with the matter. It is unclear what stage those discussions have reached. 
See More Coverage »

Correction to 'Oil Trader Gunvor Approached Competitors Over Possible Sale'

An earlier email alert about Gunvor approaching competitors over a possible sale misspelled the company's name as Guvnor. 
Following is the corrected WSJ email alert: 
Gunvor Group, one of the world's largest oil traders, has sounded out competitors over a possible sale, two people familiar with the matter said. 
A deal would further consolidate a sector that is already dominated by a small group of secretive giant trading firms. These companies buy and sell physical oil, shipping it around the world. 
Gunvor has discussed a possible sale of the entire company with at least two competitors, according to people familiar with the matter. It is unclear what stage those discussions have reached. 
See More Coverage »


U.S. Employers Added Disappointing 98,000 Jobs in March; Unemployment Rate Fell to 4.5%

Fri, April 7, 2017 8:47 am
Employers slowed their pace of hiring while the unemployment rate fell to the lowest level in almost a decade in March, highlighting steady but sometimes mixed progress across the labor market. 
Nonfarm payrolls rose by a seasonally adjusted 98,000 in March from the prior month, the Labor Department said, a sharp slowdown from the prior two months. The unemployment rate dropped two-tenths of a percentage point to 4.5% even as more people joined the workforce, pushing the measure to the lowest level since May 2007. Economists expected 175,000 new jobs and a jobless rate of 4.7% in March. 
Average hourly earnings for private-sector workers rose 2.7% in March compared with a year earlier. 
See More Coverage »

Update from the Heartland
No.799
3.4.17 – 9.4.17
To all,

            The follow-up news items:
-- After embattled House Intelligence Committee Chairman Representative Devin Gerald Nunes of California (Republican) jumped into the cesspool of Trumpian politics [797], he recused himself from the committee’s possible probe of Russian interference in the 2016 election.  A triumvirate of Representative Kenneth Michael ‘Mike’ Conaway of Texas, Representative Harold Watson ‘Trey’ Gowdy III of South Carolina and Representative Thomas Joseph ‘Tom’ Rooney of Florida will replace Nunes for the Russia investigation.  The Office of Congressional Ethics (the same group the Republican majority tried to castrate at the current sessions opening) will look into what Nunes described as “entirely false and politically motivated” accusations lodged against him.  From my perspective, the accusations appear to be spot on.
-- The chemical attack on the village of Khan Sheikhoun, Idlib province, Syria, killed at least 85 people, including 27 children, and approximately 550 other people, including many children, were injured.  Autopsy results of three victims indicated the chemical agent sarin was the cause of death.  This particular attack was not as severe as the 21.August.2013, sarin [GB] gas attack on a suburban Damascus neighborhood, killing at least 1,429 people, including 426 children, and precipitated President Obama’s red line statement [611, 614].  As a related footnote, I happen to agree with President Trump on this one; President Obama’s failure to enforce this threat weakened the United States, especially in that part of the world.  An axiom of life: NEVER make a threat you are not fully prepared to enforce.  In reality, a threat is tantamount to pulling the trigger.  In the early morning hours of Friday, President Trump ordered an attack on the Shayrat Air Base in Homs province, reported the base from which the aircraft that executed the Khan Sheikhoun chemical attack took off.  Two destroyers, USS Porter and USS Ross, launched a total of 59 tomahawk cruise missiles from the Mediterranean Sea over a half-hour span beginning at 02:36 [C] EEST {19:36 [R] EDT} on Friday.  The Defense Department reported that 58 of the 59 missiles struck their targets.  For reasons I know not, they did not crater the runways, leaving the runways immediately usable (very strange).

            We have a local special election for our district representative next Tuesday to replace Mike Pompeo [789], who became Director of Central Intelligence.  The Republican glitterati started showing up this week to bolster their candidate and maintain the seat for the majority.  The Republican candidate Ron Estes has carried out a particularly nasty advertisement campaign against his Democrat opponent James Thompson, who has not responded in kind.  Estes’ advertisements appeal to the basest thinking of evangelical Christians (numerous in these parts) and the more right wing among Republican believers.  Estes is also a disciple of Governor Sam Brownback.  Given his performance as state treasurer, his professed political positions, and this damnable and disgusting advertisement campaign, I can assure you who I will not be voting for in this special election.

            In the wake of last week’s WSJ editorial “A President’s Credibility” [797], an interesting trio combination of disassociated perspectives offers us some intriguing contemplative material given our current predicament.
            First, I would like to illuminate the current season of Showtime’s “Homeland” series program that portrays the fictional ‘Deep State’ reaction to a president not of their liking.  This particular season seems to be even more prophetic than previous seasons.
            Second, Leonard Pitts offered yet another spot-on opinion piece with “Journalists did lousy job covering 2016 campaign” that pegged it exactly.  The Press spent 18 months dancing to the tune played by the Donald.  He told his myriad untruths and got away with it, every time . . . well, except his lame apology for being a rather disgusting misogynistic creep.
            Third, the March 23, 2017 issue of Time magazine with its stark red on black cover titled: “Is Truth Dead?
The title pretty much says it all.
            These are the times in which we live.  And, the President wonders why we do not believe him . . . well actually, he may not care a hoot whether we believe him or not.  After all, he is the president and we are not!

            This was a rough week with the bad guys being particularly active.  First, at least 10 innocent people were killed in St. Petersburg, Russia, as a consequence of a terrorist bomb explosion aboard a subway train.  The train driver had the presence of mind to press on to the next station, which undoubtedly saved lives.  The security services also discovered another backpack bomb that did not explode and was disarmed.  Second, another truck terrorist attack this time in Stockholm, Sweden.  A large truck plowed into pedestrians in a popular, central city, shopping area, killing at least five innocent people and injuring scores of others.  The truck reportedly had a powerful bomb on board that failed to detonate.  It could have been much worse.  Third, on Palm Sunday, near simultaneous bombs exploded at two Coptic churches in Egypt, as worshipers gathered for religious services, killing at least 43 innocent people and wounding many others.  Our hearts and prayers go out to the families of the lost and those struggling to survive of our Russian, Swedish and Egyptian brothers and sisters.  These attacks demand that all of us get involved in security matters.  Our police need our help.  Let us all stand up to the mark.

            The Senate voted 55-45-0-0(0) to invoke cloture on the Democrat filibuster, falling five votes short of the super majority necessary to end debate on the nomination of Judge Neil McGill Gorsuch of the 10th Circuit Court of Appeals [790] to fill the seat on the Supreme Court vacated by the passing of Associate Justice Antonin Scalia.  Then, they voted 52-48-0-0(0), along strict party lines, to abandon the long standing rule of a super majority to confirm Supreme Court nominations, followed by a 54-45-0-1(0) vote to confirm the nomination of Judge Gorsuch.   The Republican majority appears to have also abandoned any hope of compromise.  Gorsuch impressed me as an intelligent, contemplative jurist, who even if he is as conservative as Scalia would not alter the balance of the Court.  The next appointment, should it come during the Trump administration, may well become a blood bath.

            The Wall Street Journal reported that the administration hinted at what it means by “extreme vetting” President Donald Trump has promised.  They want to subject more visa applicants to intense security reviews and have embassies spend more time interviewing each applicant.  The measures have not yet been publicly announced and may well subject foreigners who want to visit the United States, even for a short trip, to being forced to disclose contacts on their mobile phones, social-media passwords and financial records, and to answer probing questions about their political beliefs or religious ideology. The changes could apply to people from all over the world, including allies such as France and Germany.  Such extreme measures would surely generate significant controversy, both at home and abroad, and become a major irritant among our allies.  Does “America First” in Trump parlance means pissing off the entire rest of the world?  Where is that damn decoder ring?

            The Wall Street Journal also reported that the Director of the White House National Economic Council Gary D. Cohn told the Senate Banking Committee he could support legislation breaking up the largest U.S. banks, a development that might bolster congressional efforts to reinstate the Depression-era Glass-Steagall law.  Cohn is a former Goldman Sachs executive and the top White House economic adviser.  This is a very interesting twist and perhaps a forecast of what is to come.

            Comments and contributions from Update no.798:
“What?
“No comment on the miracle from the heartland, my alma mater MSU's noble conquering of the unconquerable CT girl's b.b. team?  No acknowledgment of the domination of both Carolinas in the sport?  what is this... a geopolitical exchange of insults between the left coast(s) , of which the Carolinas are exceptions, and the heartland (of which MS is spiritual leader) without recognition of what really matters to most citizens in our society?
“Come on, lighten up.  Trump, like fine whiskey, will get better with age, unlike the wine preferred by the elite.”
My response:
            Well, my oh my, you called me out and rightly so.  The accomplishment of the Mississippi State women over UConn was indeed monumental.  Yes, also, the Carolinas have done well in college sports.  Game on tonight.  Mississippi being the spiritual leader . . . oh wait . . . my omission cannot induce my contrition on that one.
            Re: Trump . . . a fine whiskey.  Whoa!  Now, actually, that does explain his intoxicating influence on so many citizens.  I never thought of myself as a member of the elite, but I actually prefer wine.  Does that qualify me as a member of the elite?
            Hearty congratulations to the Mississippi State Women’s Basketball team on their extraordinary accomplishment.

Comment to the Blog:
“The only thing we know with certainty about Brexit is that it will be long and strange.
“Thanks for the reminder of Spiro Agnew (‘nattering nabobs of negativism’).  I needed a good chuckle.  The U.S.A. is taking a deep dive into bizarre events.  At this point, ‘thou dost protest too much’ is about all we have confirmed (to the level of legal proof) about the Trump campaign and administration other than the obvious corruption.
“The comparison to the Nixon White House yields another thought. According to historical sources, Nixon did not descend to the level of wandering around trying to find reality until very late in his impeachment process.  Trump seems to have begun at that level.  What lies lower?
“I agree that the ‘new’ North Carolina bathroom bill does no good.  Incidentally, the phrase ‘business and sports organizations’ is a bit redundant. North Carolina is discovering that sports are very much a business.
“While I doubt the ‘deep state’ conspiracy, I will give the Democrats responsibility for being so smug, spineless and insider-based that they lost the election to the orange-haired wacko despite nearly bottomless funding.”
My reply to the Blog:
            Re: Brexit.  I hope not, but I am inclined to agree . . . long and strange . . . and most likely messy.
            Re: Trump administration.  I do not think corruption is an appropriate word . . . at least to this point.  So much of what we face in the current administration is a direct and singular artifact of Trump’s gynormous personality flaws.  He alone has created this chaos.
            Re: “trying to find reality.”  Good observation.  I strongly suspect Trump’s persistent wiretapping conspiracy advocacy may well be his undoing.  The longer he presses, the more likely those conversations will be made public, and I also strongly suspect those conversations will NOT reflect well on Trump or his minions.
            Re: “sports is very much a business.”  Quite so.  I was only attempting to differentiate between manufacturing and entertainment.
            Re: Deep State conspiracy.  I cannot subscribe to the Deep State at this stage.  Unfortunately, I do not blame Democrats in the main for their election loss.  For me, that blame rests solely and completely upon Hillary Clinton; if I was going to add a supplemental, it would be Bill Clinton.  Hillary’s insistence on her private server for government communications, and then unilateral deleting her self-proclaimed “personal” messages, was the killer for me.  I never bought into the Benghazi accusations, the uranium transfer conspiracy, or any other of the myriad conservative condemnations.  Bill’s “social visit” to Attorney General Loretta Lynch on the tarmac in Phoenix was a very public and graphic demonstration of his royal prerogative, elitist mentality . . . not dramatically different from Trump’s obscene self-aggrandizement.
 . . . Round two:
“How is ‘corruption’ not an appropriate word for Trump's administration?  He has ongoing conflicts of interest, supposedly mitigated by making his sons, on paper, in charge of his businesses.  With his worldwide interests, that gesture would not suffice for a local city office, much less for the President of the United States.  Various sources make many additional claims, but just the conflicts of interest resulting from his known properties certainly justify ‘corruption.’  I believe, very much, that you need a broader view of the Democratic National Committee.  You have focused only on a few headlines about the Clintons, but there's much more well-documented information.  Mrs. Clinton could not have achieved nomination on her own.  Not even close.”
 . . . my reply to round two:
            Once again, we bear down on definitions.  In the context of the Trump administration and from my perspective, corruption is bribery, money for political actions – quid pro quo.  I have not seen the profiteering, as yet, although the clear conflict of interest potential articulated long before his inauguration remains valid.
            That said, the textbook definition includes other alternative definitions: moral perversion, depravity, and perversion of integrity that would also be applicable to this individual, in the broader, general sense.
            Re: “conflict of interest” is potential, not realization.  The criminal aspect is realization, not potential.  The potential is quite similar to morality, what one does when no one is watching.  If his continued conflict of interests are documented and realized, then it becomes a felony and impeachable.
            Re: “a broader view of the Democratic National Committee.  I take your counsel seriously and I remain vigilant.  In this context, the DNC is the same as the RNC . . . establishment politics.
 . . . Round three:
“Well, okay. I can do definitions. From Merriam Webster, definition of corruption: ‘1. a:  dishonest or illegal behavior especially by powerful people (as government officials or police officers): depravity’. Found at
“How is continuing to profit from one's office not corruption?  It's not the least bit secret that Trump is profiting from his hotel in DC and from the Mar-A-Lago resort by hosting foreign agents of all sorts who believe they will be seen more favorably if they use his commercial enterprises?  That's not potential.”
 . . . my reply to round three:
            I acknowledged the alternative definitions.  I provided my reasoning.
            “How is continuing to profit from one's office not corruption?”  The problem is, proving it beyond a reasonable doubt in a court of law.  The morality implications are judged in the court of public opinion.  “Trump is profiting from his hotel in DC” you (we) do not know that.  Like we demand of him with his wild accusations, show us the proof (evidence).  The same is required of our accusations.  He has artfully configured his companies as private endeavors, which makes our insight into their operations far more difficult.  It will take probable cause, warrant(s), and considerable investigation to establish factual evidence sufficient to meet evidentiary standards in a criminal court.
            What is worse, his daughter and son-in-law have or will soon have substantial security clearances with access to extraordinary state information, and we have virtually no way to determine what they pass along to their other family members not in the government.  This is a rat’s nest of the worst sort; yet, we elected him, knowing this was the kind of man he is.  He has been very plain, and we elected him anyway.  We get what we elected.
            At the end of the day, my opinion of the man has not changed; if anything, he has reinforced my opinion.  However, I urge caution in stooping to his level . . . accusations without evidence.

            My very best wishes to all.  Take care of yourselves and each other.
Cheers,
Cap                        :-)