Displaying the most recent of 90914 posts written by

Ruth King

The Warren-Biden Bank Heist A coup at the FDIC breaks norms and signals more political control of finance.

https://www.wsj.com/articles/the-senator-elizabeth-warren-biden-bank-heist-fdic-jelena-mcwilliams-rohit-chopra-gruenberg-khan-cfpb-federal-reserve-nominee-11641155812?mod=opinion_lead_pos1

Elizabeth Warren finally got her woman—that is, the Senator and her many acolytes in the Biden Administration have succeeded in ousting Jelena McWilliams as chair of the Federal Deposit Insurance Corp. The coup deserves attention because of its norm-breaking precedent and what it signals for bank mergers and supposedly independent regulatory agencies.

Ms. McWilliams resigned on Dec. 31, effective Feb. 4, to avoid more turmoil at the bank regulator. But as she wrote in these pages on Dec. 16, her resignation comes amid a concerted and unprecedented political effort to strip her of authority before her term as chair expires in June 2023.

***

The coup has been led by Rohit Chopra, the Warren protege who now runs the Consumer Financial Protection Bureau and is one of four current members of the FDIC board (one post is vacant). The FDIC’s longstanding practice and bylaws, based on its interpretation of the law, is that the chair sets the board’s agenda.

Every administration for 88 years has honored that understanding, including the supposedly norm-breaking Trump Administration. Democrat Martin Gruenberg was allowed to continue as chair until June 2018 after President Trump took office, and no one attempted to oust him.

Enter the Warren-Biden progressives in a hurry. The Senate confirmed Mr. Chopra on Sept. 30 on a 50-48 vote, and as soon as Oct. 31 he presented Ms. McWilliams with a request for information (RFI) on bank mergers. When she said the draft RFI would have to be vetted by FDIC staff, Mr. Chopra publicly released his own RFI without authority from his post at the CFPB, which the FDIC was obliged to contradict.

Biden Administration Must At Least Help Any Country Trying to Confront Iran’s Mullahs by Majid Rafizadeh

https://www.gatestoneinstitute.org/18084/confront-iran-mullahs

While the mullahs are using religion to justify their mission of taking over the region, they are more likely attempting to take control of all the oil in the region; they appear to be advancing their hegemonic ambitions to this end.

Iran has for decades been encircling the Middle East — in Syria, Lebanon and Iraq — by building a squeeze maneuver known as the “Shia Crescent; ” it has been trying to unseat the Kingdom of Saudi Arabia through Iran’s Houthi proxies in Yemen, and it long ago attached itself to South America’s most oil-rich country, Venezuela.

Please now imagine how much more destabilizing the Iranian regime would be if it had nuclear weapons, how much easier it would be for the regime to fulfill its constitutional mission of “extending the sovereignty of God’s law throughout the world.”

Biden’s legacy now looks as if will add up to surrendering Afghanistan to the Taliban; allowing Iran to acquire nuclear weapons; permitting China to take over Taiwan; enabling Russia to blackmail Europe with the Nord Stream 2 pipeline; failing to deter Russia from seizing Ukraine; harming the poorest Americans by forcing them pay more for everything by shutting off American oil and instead enriching Russia by buying it there at inflated prices; effectively cutting pay to the military and threatening to punish people who work by raising their taxes, all while paying millions of other people not to work; and to top it off, crippling the US military by diverting it from its core mission: winning wars.

If… any real response to Iran’s threats will have to wait until 2024, will that be too late to stop at least one of these imminent catastrophes?

The Iranian regime has made it clear that its mission is to take over the region and create a single community under its version of Islamic leadership. The Islamic Republic’s constitution states:

“The Constitution provides the necessary basis for ensuring the continuation of the Revolution at home and abroad. In particular, in the development of international relations, the Constitution will strive with other Islamic and popular movements to prepare the way for the formation of a single world community (in accordance with the Qur’anic verse: This, your community, is a single community, and I am your Lord, so worship Me).”

The Mystery Man of Sanaa by Amir Taheri

https://www.gatestoneinstitute.org/18087/sanaa-mystery-man

He [the late Ambassador Hassan Ayerloo] had reorganized Ansar Allah, the armed wing of the Houthi movement, raising the number of its fighters from 1,000 in 2005 to over 10,000 last year. Thanks to Ayerloo’s leadership, the Houthis, initially a small tribal group in Saada, northern Yemen, was built into a major political movement seeking to rule the whole of Yemen.

Ayatollah Ali Yunesi includes Sanaa among the four Arab capitals he claims Iran now controls, the others being Baghdad, Damascus and Beirut.

The news last week of the death in mysterious circumstances of the Iranian ambassador to Sanaa reminded me of a 19th century English limerick:

Who and where and when and what
Is the Akhund of Swat
Is he lean or is he fat
Is he cold or is he hot
The Akhund of Swat?

The Akhund of Swat was a cleric leading a tribal rebellion against the British Raj in the badlands of Pashstunistan. The questions posed in the limerick went unanswered as, one foggy day in the mountains, the Akhund disappeared. And since no one could claim to have actually seen the Akhund, an endless number of fables were woven around his name.

Is Biden’s Legacy Really Going to Be the Dismantling of Democracies and the Free World? by Richard Kemp

https://www.gatestoneinstitute.org/18089/biden-legacy-dismantling-democracies

Biden inflicted untold damage on the free world by his catastrophic surrender in Afghanistan, demonstrating to America’s enemies and friends alike that, under his administration, the US was no longer willing to stand by its allies nor to protect its own vital national interests.

Now Biden is planning discussions in early 2022 between Russia and selected NATO members to “defuse” the situation [Russia threatening the Ukraine]. Can he really believe that any negotiations short of capitulation to Russian demands would satisfy Putin or achieve anything? So-called diplomacy down the barrel of 90,000 Russian guns looks a lot like even more appeasement.

Biden has failed to respond to Iranian attacks on Saudi Arabia, Iranian aggression against Israel and even Iranian attacks on US forces in Syria and Iraq. Iran’s contempt for Biden was further displayed last week in the launch of multiple ballistic missiles during manoeuvres that Iranian commanders explicitly said were intended to threaten Israel.

In the face of Iranian nuclear provocation, Biden’s officials have refrained from any threat of military action — taking off the table the only truly effective deterrent against regimes that respect strength alone.

Biden’s policies of appeasement towards Iran and Russia are bad enough. But the greatest threat to the free world today comes from China. Biden has a long record of appeasing Beijing.

Biden’s administration has projected only confusion over China’s ambitions against Taiwan. The president twice suggested the US might be willing to defend the country in the event of Chinese invasion, with his comments immediately walked back by officials… Similarly mixed messages coming from London led the Argentinian junta to believe Britain, despite its vast military superiority, would not fight to defend the Falkland Islands on the other side of the world, and actually encouraged the 1982 invasion.

“One of [Biden’s] first acts on assuming the presidency was to shut down the investigations into the origins of Covid-19 — including the one I led at the State Department in 2020, which presented troubling scientific and circumstantial evidence on the secret activities of the WIV [Wuhan Institute of Virology] that bolster the lab-leak theory”. — Dr David Asher, who spearheaded the State Department task force investigating the origins of Covid-19 and the role of the Chinese government, Hudson Institute, November 17, 2021

None of Biden’s acts of appeasement are isolated to their targets alone; they are widely observed and cumulative in effect. They embolden America’s enemies and unnerve its friends, potentially fracturing alliances that are vital to defending democracy. So much damage has already been done in just one year that even were Biden to change course, his legacy might well be the dismantling of democracies and the free world.

When US President Joe Biden took office, he removed a bust of Winston Churchill from the Oval Office. He should have replaced it with one of Neville Chamberlain. After Chamberlain’s infamous appeasement of Hitler at Munich in 1938, Churchill told him: “You were given the choice between war and dishonour. You chose dishonour, and you will have war.”

GOOD NEWS FROM AMAZING ISRAEL FROM MICHAEL ORDMAN

www.verygoodnewsisrael.blogspot.com

 

At the start of a new calendar year, Israelis continue to bring new innovations into the world to benefit humanity. A new heart implant, a new treatment for Parkinson’s, a new sleep quality analyzer, and a successful Israeli cancer treatment is launched. New social initiatives include for the disabled, Arab-Israeli coexistence and public diplomacy. New technology for solar cells, renewable energy storage, smart mobility, cyber security, animal-free meat, healthy soil and optical lenses. New programs and deals to generate and expand Israeli businesses. New cultural, entertainment and sporting successes. There are so many new reasons to look forward to a Very Good 2022. Michael Ordman

 

ISRAEL’S MEDICAL ACHIEVEMENTS
 
Implant for congestive heart failure patients. Israel’s Restore Medical develops the ContraBand implant that uses the patient’s Left Ventrical to assist a failing Right Ventrical for the treatment of congestive heart failure (CHF). It has just announced promising preliminary results of its First-in-Human clinical trials.
https://www.israelhayom.com/2021/12/01/israels-restore-medical-announces-first-in-human-trial-of-heart-failure-treatment/   https://restoremedical.co/
 
Boost for Parkinson’s treatment. Back in 2013 (see here previously) Tel Aviv University researchers found that the sugar substitute mannitol could protect the brain against Parkinson’s disease. But a trial could not get funding. So, entrepreneur and Parkinson’s sufferer Dan Vesely co-founded and crowdfunded CliniCrowd.
https://www.israelnationalnews.com/news/318928    https://clinicrowd.info/
https://www.youtube.com/watch?v=vo6z6OQsBRM
 
Israel starts trial of 4th vaccination. Israel’s Sheba Medical Center has begun the first study in the world of the efficacy of administering a fourth dose of the coronavirus vaccine. The 6,000 participants include 150 medical personnel who had a 3rd dose in August. They will receive the Pfizer vaccine.
https://www.timesofisrael.com/israeli-hospital-to-begin-study-on-efficacy-of-4th-covid-vaccine-dose/
 
How plants fight infections. Scientists at Israel’s Weizmann Institute have identified the complex way that plant bacteria fight off infections from viruses known as phages. A protein in the bacteria calls another protein to destroy a molecule inside itself that the phage needs to replicate. The cell dies but it stops the infection.
https://wis-wander.weizmann.ac.il/life-sciences/bacteria-and-plants-fight-alike
 
Monitor your sleep at home. (TY Hazel) No need to go to a sleep lab to analyze your sleep problems. The electrophysiological measurement solution from Israel’s X-trodes (see here previously) is ideal for home use. Its smart skin electrodes measure brainwaves, eye movement, skeletal muscles, cardiac activity and more.
https://www.israel21c.org/skip-the-sleep-lab-and-go-wireless-at-home/
 
9 top digital health companies. (TY Hazel) CB Insights has named nine Israeli-based health-tech startups in its 2021 Top 150 Digital Health Companies transforming healthcare. They include Vocalis, Sweetch, DiA Imaging, B.Well, C2I Genomics, Lumen, Nym Health, Theator and Empathy.
https://www.israel21c.org/8-israeli-startups-make-cb-insights-top-150-list/   https://b-well.co.il/  (Hebrew)
 
Israeli startups transforming telehealth. Some more innovative Israeli healthcare startups. Those not previously reported in this newsletter are medFlyt (caregiver management) and Sivan Innovation (Moovcare patient / physician communications) https://www.calcalistech.com/ctech/articles/0,7340,L-3921246,00.html  
https://www.medflyt.com/  https://vimeo.com/469424965  https://www.sivan-innovation.com/
 
$17 million for digital health. Israel has budgeted NIS 55 million for hospitals and health organizations etc., to build the digital infrastructure required for anonymized medical data sharing. It will spearhead major advances in groundbreaking research and innovative development by Israeli healthcare startups and research scientists.
https://www.timesofisrael.com/israel-earmarks-17m-for-new-digital-health-innovation-program/
 
Cancer treatment goes into space. A SpaceX Falcon 9 rocket took off for the International Space Station carrying a smart laboratory developed by Israel’s SpacePharma. It will test Doxil from Israel’s Ayana to see its effect on cells in zero gravity. Doxil is the first nanotechnology cancer treatment approved by the US FDA.
https://www.calcalistech.com/ctech/articles/0,7340,L-3925795,00.html

U.S. Brings a Pea-Shooter to a Gunfight With China BY David P. Goldman

https://pjmedia.com/spengler/2021/12/31/u-s-brings-a-pea-shooter-to-a-gunfight-with-china-n1545733

Many of my conservative friends are spinning their wheels with pea-shooter-gauge measures against China—kicking Chinese companies out of the U.S. stock market, for example. On Dec. 10 the U.S. government canceled an initial public offering for the Chinese AI startup SenseTime, whose facial recognition software may help Chinese authorities identify Uyghurs. Two weeks later SenseTime moved its IPO to Hong Kong; it rose 44% in the first two days of trading. China has a trade surplus, $3.2 trillion in reserves, and a 40% savings rate. It is an exporter, not an importer of capital. American capital markets are a convenience, not a necessity for Chinese companies.

We’ve brought a pea-shooter to a gunfight. There’s a big difference between winning, and making ourselves feel better while we’re losing.

Pandemic Intelligence Failure: A 2021 Report Card How the CDC’s Epidemic Intelligence Service, the nation’s “medical CIA,” has failed the American people. Lloyd Billingsley

https://www.frontpagemag.com/fpm/2021/12/pandemic-intelligence-failure-2021-report-card-lloyd-billingsley/

“I’m very sorry, but not this time. Maybe another time when this is all over.” That was Dr. Anthony Fauci last week, telling people not to invite unvaccinated family members to their home for Christmas. The Biden medical adviser also called for those vaccinated and boosted to stay away from gatherings of 30-50 people. As Fauci explained, “those are the kind of functions — in the context of COVID, and particularly in the context of Omicron — that you do not want to go to.” As 2021 closes out, those contexts have yet to gain the attention they deserve.

In early November, health workers in South Africa discovered the Omicron variant and on December 1, 2021, the Centers for Disease Control (CDC) announced the first Omicron case in the United States. In November, 2020, medical authorities in India identified the Delta variant of COVID-19, which swept through that country and the UK before arriving in the United States, “where it quickly surged.”

On December 12, 2019, according to the CDC, “a  cluster of patients in Wuhan, Hubei Providence, China begin to experience shortness of breath and fever.” On January 17, 2020, the CDC deployed a team to Washington State in response to the first reported COVID-19 case in the United States. Americans had a right to wonder what their nation’s Epidemic Intelligence Service had been doing, if they knew that such a service existed.

The CDC deploys the EIS, as Diana Robeletto Scalera of the CDC Foundation explains, “to ensure epidemics in other countries do not hit American soil.” EIS disease detectives are “are the ones responsible and they take this role very seriously.”

The EIS had boots on the ground in China, but the disease detectives failed to stop the virus that causes COVID-19 from showing up in America. When the virus did show up, nobody from the EIS told the American people how that that had happened, how the EIS might have failed, or anything the EIS knew about the true origin of the virus.

The “service” itself dates back to the Korean War but in recent decades, considerable mission creep has become evident. As UC Berkeley molecular biologist Peter Duesberg noted in Inventing the AIDS Virus, the EIS came to be known as the nation’s “medical CIA.”

EIS vets have worked in the CDC other federal agencies, international bodies such as the World Health Organization, and they are also embedded in the media. EIS vet Lawrence Altman became a medical journalist for the New York Times and Bruce Dan served as a medical editor with ABC News and the prestigious Journal of the American Medical Association.

Such EIS activists rarely advertise their affiliation, and after the spring of 1993 the EIS membership directory was withdrawn from public view. As Duesberg learned, EIS members “constitute an informal surveillance network,” and can “act as unrecognized advocates for the CDC viewpoint, whether as media journalists or as prominent physicians.”

Happy Un-Woke Year! Here’s hoping that 2022 will see a halt to the spread of Critical Race Theory. Larry Sand

https://www.frontpagemag.com/fpm/2021/12/thursday-happy-un-woke-year-larry-sand/

Watching teachers unions, government school honchos, the media, etc., deny that Critical Race Theory (which makes race the prism through which its proponents analyze all aspects of American life, categorizing individuals into groups of oppressors and victims) is taught in our schools reminds me of that memorable scene from an otherwise forgettable movie, A Guide for the Married Man. A husband gets caught by his wife in bed with another woman, and he simply denies it. And he does so, vociferously and repetitiously to the point that his wife actually starts to believe him.

A typical example of this gaslighting is “Who is Behind the Attacks on Educators and Public Schools?,” posted earlier this month by the National Education Association on its website. The union claims, “Small groups of radicalized adults, egged on by…bad actors, have been whipped into a furor over…the false notion that children are being taught ‘critical race theory.’” At the same time that NEA is denying that CRT is taught, the union published its Racial Justice in Education Resource Guide, in which teachers are advised how to directly address issues such as white supremacy, implicit bias and acknowledging how race influences their work.

In November, an American Enterprise Institute report definitively showed “how legacy and education media refuse to acknowledge the hard evidence — numerous clear examples of CRT curriculum taught to students, a CRT pledge on a state website, and the political implications of parents speaking out about CRT at school boards.” And just last week, John Murawski at RealClearInvestigations gave us abundant evidence that CRT does indeed exist in our schools. One of the myriad examples he gives is Manuel Rustin, a high school history teacher, who helped oversee the drafting of California’s Ethnic Studies Model Curriculum. He discloses “Ethnic studies without Critical Race Theory is not ethnic studies. It would be like a science class without the scientific method. There is no critical analysis of systems of power and experiences of these marginalized groups without Critical Race Theory.”

Is a Pushback Against Soft Despotism Coming in 2022? Bruce Thornton   The ruling elite are not going to surrender power without a fight.

https://www.frontpagemag.com/fpm/2021/12/pushback-against-soft-despotism-comin

Over the last two years, many of us have been surprised and troubled at how eagerly millions of citizens have surrendered their freedoms to the shifting, contradictory, nakedly politicized diktats of various “experts” and government agencies. Coerced vaccinations, boosters, masks, and social distancing continue to be mandated and just as eagerly obeyed, even in the case of the mild Omicron covid variant. The technocratic Left currently ruling the country has wrung every ounce of unconstitutional power from the sovereign people, a large cohort of whom, especially the cognitive elites, have willingly gone along with every new crisis and command.

As the year ends, signs of a pushback are multiplying. But will such resistance reach the critical mass of voters necessary for liberating us from such “soft despotism” and its wardens?

We shouldn’t be surprised that progressives have seized the opportunity to aggrandize themselves through serial changes on the pretext of an exaggerated crisis. It has long been a truism of history that, as James Madison said in 1788, “there are more instances of the abridgment of the freedom of the people by gradual and silent encroachment of power, than by sudden usurpations.”

Nearly half a century later, Alexis de Tocqueville foresaw an even more insidious stealth despotism that could arise in American democracy: “An immense and tutelary power, which takes upon itself alone to secure [the people’s] gratifications and to watch over their fate.” And he prophesized that the bureaucratic regulatory state would be the instrument of this “soft despotism”: a power “absolute, minute, regular, provident, and mild” that “covers the surface of society with a network of small complicated rules, minute and uniform.” The goal is “to keep [the people] in perpetual childhood,” for this power is “well content that the people should rejoice, provided they think of nothing but rejoicing.”

The last hundred years have seen such a regime gradually become reality. Crises such as the Great Depression, Two World Wars, and other conflicts and recessions provided the pretexts for expanding and concentrating the powers of federal agencies and their “network of small complicated rules.” And like children, too many citizens have accepted these encroachments, willingly ceding their autonomy and freedom to overseers who bribe them with the redistribution of other people’s money, and with promises “alone to secure their gratifications and to watch over their fate” from the cradle to the grave ––what we call “entitlements” but think are unalienable rights.

Dramatic Testimony from the Maxwell Case Will Shock You! by Alan M. Dershowitz

https://www.gatestoneinstitute.org/18088/dramatic-testimony-from-the-maxwell-case-will

You will be surprised to learn that the woman who was paid to find, bring and “groom” Carolyn was not Ghislaine Maxwell, although the above testimony was given at Maxwell’s trial. The older woman – who was well over the age of consent when she brought the 14-year-old Carolyn to Epstein – was Virginia Giuffre, the same woman who has falsely accused me of having sex with her, and who has also accused … other prominent people who have all denied the accusation.
Although Giuffre was a central figure in the Maxwell case, mentioned repeatedly throughout the trial, she was not called as a government witness. Why was she not called? Probably for two reasons: first she would be cross-examined by the defense about her own crimes in being paid to bring underage girls to Epstein; and second, she would be confronted with the numerous lies she has told under oath. Her own lawyers have disputed her and acknowledged that she was “wrong” in accusing prominent people. And her own emails, book manuscript and prior interviews with the FBI contradict her current accusations.
Moreover, prosecutors would have to explain why she is not being prosecuted for enticing a 14-year-old to have sex with Epstein…. Pursuant to the theory under which Maxwell was convicted, Giuffre is guilty of a felony carrying a long prison term.
The question is will she be indicted for perjury and enticing a minor, or will she get a pass because she may once have been victimized by Epstein? Does her alleged victimization excuse her for victimizing others? She has already been well compensated for any victimization. Estimates range between 6-10 million dollars she and her lawyers have received. Nor have those underaged girls who she helped victimize been compensated by her.
The testimony by Carolyn regarding Giuffre’s sordid role in victimizing very young girls cannot be ignored, especially since the government elicited it from their own witness in the Maxwell case. Nor can her rampant perjury, which can be proved through her own words. So, stay tuned. The truth will come out. And it may surprise you.