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    Daily Digest 10/10 – Turkey launches airstrikes on northern Syria, Californians Fume Over Power Outages

    by Daily Digest

    Thursday, October 10, 2019, 7:34 AM


Economy

Turkey launches airstrikes on northern Syria after Trump pulls back U.S. troops (Thomas R.)

“This morning, Turkey, a NATO member, invaded Syria,” Mr. Trump said. “The United States does not endorse this attack and has made it clear to Turkey that this operation is a bad idea. There are no American soldiers in the area. From the first day I entered the political arena, I made it clear that I did not want to fight these endless, senseless wars — especially those that don’t benefit the United States. Turkey has committed to protecting civilians, protecting religious minorities, including Christians, and ensuring no humanitarian crisis takes place — and we will hold them to this commitment.”

Reports the US is considering a currency agreement with China as part of partial trade deal (Thomas R.)

Trump has been very vocal in the past accusing China of currency manipulation and of holding the value of the yuan down to gain a competitive competitive advantage.

The Time Georgia & North Carolina Went to War With Each Other (Thomas R.)

Surveying difficulties, along with a vaguely described gift of mountainous land to the State of Georgia from the United States, in exchange for Georgia relinquishing control over what would become Alabama and Mississippi, resulted in a small piece of land which came to be known as “Orphan Strip”. This wilderness territory near the borders of Northeastern Georgia, North Carolina and South Carolina was no wider than twelve miles and was difficult for the flat land governments of any of the three states to reach with any real for of solid government.

Top Secret Russian Unit Seeks to Destabilize Europe, Security Officials Say (tmn)

Though much about G.R.U. operations remains a mystery, Western intelligence agencies have begun to get a clearer picture of its underlying architecture. In the months before the 2016 presidential election, American officials say two G.R.U. cyber units, known as 26165 and 74455, hacked into the servers of the Democratic National Committee and the Clinton campaign, and then published embarrassing internal communications.

Biden campaign blasts New York Times coverage in letter to executive editor (Thomas R.)

In Wednesday’s op-ed Schweizer, whose representative did not immediately reply to a request for comment, conceded Hunter Biden’s business dealings were legal, but suggested they shouldn’t have been. The Biden campaign said in its letter that publishing the op-ed shows “how little” The Times “has internalized the sobering lessons of 2016.”

The Rich Really Do Pay Lower Taxes Than You (tmn)

“Many people have the view that nothing can be done,” Zucman told me. “Our case is, ‘No, that’s wrong. Look at history.’” As they write in the book: “Societies can choose whatever level of tax progressivity they want.” When the United States has raised tax rates on the wealthy and made rigorous efforts to collect those taxes, it has succeeded in doing so.

And it can succeed again.

IRS Issues New Guidance On The Tax Treatment Of Cryptocurrency (Thomas R.)

“The IRS is committed to helping taxpayers understand their tax obligations in this emerging area,” said IRS Commissioner Chuck Rettig. “The new guidance will help taxpayers and tax professionals better understand how longstanding tax principles apply in this rapidly changing environment. We want to help taxpayers understand the reporting requirements as well as take steps to ensure fair enforcement of the tax laws for those who don’t follow the rules.”

Defense Intelligence Agency analyst charged with leaking classified info to journalists (TS)

Law enforcement received a court order in late August to surveil Frese’s cell phone, and were able to trace hundreds of phone calls and texts between Frese and the reporters, during some of which the classified information was referenced. The last communication between Frese and either journalist came as recently as Monday, according to a search warrant affidavit unsealed Wednesday.

This Is Culture (Jesper A.)

As I am a philosopher (I had to regain my balance for a new fiercer assault) I have chosen the American tradition, the Americans have a tradition of their own, but only we(PATHOS) Europeans can see the connections of cultural history.

Bankrupt U.S. Coal Producer Closes Four Mines After Prices Slump (Thomas R.)

The closures will affect about 340 employees at three mines and two preparation facilities Blackhawk owns, as well as workers at a contract mine in the region, according to a statement Tuesday from the closely held Lexington, Kentucky-based company.

Power Lines Are Burning the West (tmn)

Fires burn bigger areas and destroy three times as many houses as they used to. What was once a problem in June, July, and August now extends through November and beyond. I evacuated for avalanche warnings in the winters of my childhood. In February 2015, I wandered my neighborhood and gaped at new patches of sky, as smoke seeped out of the ground.

Californians fume over PG&E power outage: ‘A humongous inconvenience’ (Sparky1)

The second phase of the shutoff was expected to begin around noon in areas around Silicon Valley and the East San Francisco Bay, but the utility said those outages would be delayed until later in the day. About 234,000 customers in Alameda, Alpine, Contra Costa, Mariposa, San Joaquin, San Mateo, Santa Clara, Stanislaus, Tuolumne and parts of Mendocino and Calaveras counties are expected to lose power by the evening.

The 315-Year-Old Science Experiment (Thomas R.)

“Modern techniques and equipment are powerful, but the technologies span over only a few solar cycles, so they don’t show how cycles differ over centuries,” says Clette, who is the custodian of the worldwide sunspot count, begun by Wolf in Zurich, and now known as the International Sunspot number. Under Clette’s watch, blemishes are still counted by eye. “When we count by eye, what we observe now can be connected to what was observed in the distant past.”

Photos Reveal Emotional Look Inside the Abandoned Fukushima Exclusion Zone (Sparky1)

The twelve-mile radius around the power plant has remained an evacuation zone, with workers slowly continuing cleanup work. Though she was grateful for the opportunity to document this unique environment, the sad reminders of the nuclear tragedy were overwhelming. After two days, she and the rest of the group left the exclusion zone but were forever changed by the experience.

Five Radical Climate Policies That Most Americans Actually Like (tmn)

Leah Stokes, a political scientist at the University of California at Santa Barbara, also told me that the poll’s findings are in line with other research. “Climate policy is very popular,” she said. “If you highlight the cost, it’s less popular. If you highlight new taxes, it’s less popular. But if you highlight job creation or the air-pollution benefits, it’s more popular.”

Zimbabwe’s capital runs dry as taps cut off for 2M people (Thomas R.)

“It is a desperate situation,” Deputy Mayor Enock Mupamaonde told The Associated Press outside the closed treatment plant. And more people are affected than thought, he said, estimating that another 2 million non-residents enter the city each day to use its services and conduct business.

At the Chivero reservoir, the city’s main water supply, plastic bottles, vehicle tires and algae floated in the shallow water which was green and emitted a choking, foul smell.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/9/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

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8 Comments

  • Thu, Oct 10, 2019 - 9:49am

    #1

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1519

    1+

    Trade deal headlines

    https://mobile.twitter.com/NorthmanTrader/status/1182232477273903104?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1182232477273903104&ref_url=https%3A%2F%2Fwww.theburningplatform.com%2F

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  • Thu, Oct 10, 2019 - 11:08am

    #2

    newsbuoy

    Status Bronze Member (Offline)

    Joined: Dec 10 2013

    Posts: 160

    1+

    For Those Who Need to Have It Explained: Impeach Trump

    Impeach Trump!

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  • Thu, Oct 10, 2019 - 12:36pm

    #3
    Time2help

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2268

    2+

    Impeach Ourselves

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  • Thu, Oct 10, 2019 - 6:50pm

    #4
    Nate

    Nate

    Status Silver Member (Offline)

    Joined: May 05 2009

    Posts: 327

    6+

    CHS

    Will the Clintons Destroy the Democratic Party?

    History is full of ironies, and perhaps it will suit the irony gods for The Donald to take down the Republican Party and the Clinton dynasty to destroy the Democratic Party.

    Let’s start by stipulating my bias: I would cheer the collapse of both self-serving, venal political parties, which have stood by for decades as the rich have become immeasurably richer and the politically powerful few have disempowered the many. The transparent “populist” bleatings of both parties–“we serve the people!”–sound increasingly like stale, pathetically disconnected from reality Soviet-era propaganda.

    Let’s say I’m a relatively disinterested observer other than my fervent wish that both corrupt, self-serving parties slide into the dustbin of history, the sooner the better.

    The Republicans were hijacked by Donald Trump and given a binary choice: accept Trump as their candidate and have a chance of winning, or reject him and guarantee losing. After surveying the wreckage left by the Bush dynasty and Romney’s loss, the Repubs swallowed their distrust and distaste for The Donald and chose winning over losing–the easily predictable choice for all politicos.

    The Democrats chose to enact a Greek tragedy featuring off-the-charts hubris. Despite Hillary’s private email server, the Clinton Foundation’s shameless shakedowns for millions of dollars in “contributions” (the polite word for influence peddling), and her delight in mocking those who chose not to vote for her as “deplorables,” the Democrats were supremely confident that the Clinton dynasty would sweep them to an easy and overwhelming victory.

    As the Greek dramatists understood, hubris doesn’t just invite disaster, it welcomes disaster. The Democrats were then handed a binary choice: either cast the Clintons adrift with a few provisions and a hearty cheer and move on, or set the course of the Party for the next four years to the Clintons’ Ahab-like obsession: we wuz robbed, and the terrible error of history (Hillary losing the 2016 election) would have to be corrected regardless of the cost.

    To aid their mono-maniacal campaign, the Democrats partnered with the most anti-Democratic and corrupting force in America, the alphabet agencies of Imperial Pretensions, the CIA et al., who are institutionally bound to view the citizenry’s right to choose its government and its government’s policies with utter disdain: we rule the Empire, and democracy is only acceptable as long as it rubber-stamps our rule.

    This aligned perfectly with the Clinton dynasty’s view, and so the unending campaign to unseat The Donald was launched.

    For better or worse, this unholy alliance put the Democratic Party’s legitimacy on the gambling table. The Democratic Party, whether it accepts or understands this reality or not, has devolved to an absurdist cable-channel devoted exclusively to unseating The Donald, regardless of the cost and regardless of the sacrifices required to pursue what is increasingly a quixotically misguided venture.

    Wittingly or unwittingly, every institution allied with the Democrats has also put its legitimacy on the gaming table, the most important of which is the mainstream media, including the quasi-public Propaganda Broadcast Service (PBS). The corporate media and PBS have been reduced to late-night TV programming, selling the same flimsy gadgets with the same tired pitch: “But wait–there’s more!”

    All of which leads us to the question: will the Clintons destroy the Democratic Party, or perhaps even more saliently: have the Clintons already sealed the fate of the Democratic Party?

    We won’t know the voters’ judgment until November 2020, but judging by campaign contributions, the delegitimizing ill-will being generated by the Party’s transparent suppression of Tulsi Gabbard, its Ahab-like obsession with impeachment and its bad-karma reliance on the FBI and CIA’s most treacherous operatives, the Party’s leadership might not hold a winning hand.

    History is full of ironies, and perhaps it will suit the irony gods for The Donald to take down the Republican Party and the Clinton dynasty to destroy the Democratic Party.

    http://charleshughsmith.blogspot.com/2019/10/will-clintons-destroy-democratic-party.html

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  • Fri, Oct 11, 2019 - 4:49am

    #5
    Edwardelinski

    Edwardelinski

    Status Bronze Member (Offline)

    Joined: Dec 23 2012

    Posts: 331

    2+

    Diabolical Demon and brother of Betsy Devos

    Erik Prince was on Tucker last night explaining the solution for Syria is for the U.S. to pull all troops and then hire private security contractors….He has been making the case the better part of 3 years for privatization…

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  • Fri, Oct 11, 2019 - 6:27am

    #6

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1519

    1+

    Green New Deal beta testers

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  • Fri, Oct 11, 2019 - 7:24am

    Reply to #6

    newsbuoy

    Status Bronze Member (Offline)

    Joined: Dec 10 2013

    Posts: 160

    Will California Become Resilient?

    This power shut-down may be the best thing to happen to California. Wake-up Call?

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  • Fri, Oct 11, 2019 - 6:41pm

    Reply to #5

    Michael_Rudmin

    Status Gold Member (Offline)

    Joined: Jun 25 2014

    Posts: 874

    Anyone who wants to listen to Prince or give him ANY authority

    Anyone who wants to listen to Prince or give him ANY authority

    had better read “Hammer’s Slammers”. It’s a science/social fiction about what drives such men.

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