Thursday, January 28, 2021

StupidiNews

Wednesday, January 27, 2021

Last Call For Trading Places, 2021 Edition

Internet-based "pump-and-dump" stock schemes are nothing new. A big investor buys huge amounts of a penny stock and cashes out with a volume big enough to crash the stock price again, leaving all the other investors who bought the stock expecting it to go up with huge margin calls instead. This time though it's the small day-traders who are doing it, and their victims are massive hedge funds expecting continued economic catastrophe as COVID-19 rages on through our Trump-shattered economy.

GameStop is a struggling, kind of boring, mid-size retailer stuck in a legacy business — selling physical video games. But it’s also pretty much the only company anyone on Wall Street is talking about right now after its stock rose 160% in a matter of hours on Monday morning to an all-time high of $159. (By day’s end, GameStop’s price had been cut by more than half, but that still left it up more than 300% this year and almost 3,000% from its 52-week low. And it was up another 15% at Tuesday’s open.)

It isn’t GameStop’s precipitous rise, impressive as that’s been, that has everyone fascinated. Instead, it’s what is fueling that rise: concentrated buying by thousands upon thousands of small individual investors who are using sites like Reddit and Robinhood to drive up what are now being called “meme stocks.” GameStop is the best-known of these meme stocks, simply because its gains have become so outrageous. But it was preceded last year by Hertz and Kodak, which, despite having struggling businesses, saw their stock prices soar when they became Reddit darlings. And now stocks like AMC, Nokia, and Blackberry (which is, yes, still in business) have also caught Redditors’ fancy.

It’s easy to see the meme-stock boom as just a speculative bubble, and evidence of how the current stock market has lost touch with reality. Speculative bubbles in so-called “story stocks” are, after all, familiar things on Wall Street. In the late 1950s, uranium stocks soared, followed a few years later by bowling stocks, and then RV stocks. (In 1969, a company called Skyline Homes saw its shares rise twentyfold.) And we all know what happened to internet stocks in the late ’90s. But in fact, what’s happening with meme stocks is very different from those previous crazes.

In a classic speculative craze, investors may take cues from each other — the fact that everyone is buying internet stocks makes you think it’s smart to buy internet stocks — but they’re not working together to make stock prices rise.

With meme stocks, on the other hand, that’s exactly what’s happening: The small investors on the r/Wallstreetbets subreddit (which has 2 million subscribers) and other sites are taking part in a conscious collective effort to drive the prices of these stocks up. No one is in charge of this effort, though, of course, some voices are louder than others. But it is a self-organized campaign with people using the message boards to communicate with each other, encourage each other, and reassure each other (thus the many posts on r/Wallstreetbets admonishing fellow “autists” — their self-mocking term for each other — to not lose their nerve and to keep holding GameStop’s stock). Thus threads with titles “We are the captains now,” “Have no fear, GME gang. We are consolidating in preparation for tomorrow’s moon landing,” and “GME — it never has to end.”

In other words, what’s happening with GameStop looks less like a speculative bubble and more like a contemporary, internet-mediated version of the “bull raids” that were characteristic of the stock market in the early 20th century, when organized pools of investors would combine to drive stock prices up.

Perhaps more interestingly, it also looks a lot like what happened during the 2016 presidential election. Over the course of that campaign, a loosely organized community of alt-right meme lords and their followers, centered on sites like 4chan and Reddit, adeptly used social media to elevate Donald Trump’s candidacy while barraging Hillary Clinton with an endless flow of memes targeting her supposed inauthenticity and corruption. What they did, in effect, was exploit the opportunities created by social media to disrupt the normal workings of the political system, at least in part for the lolz. The traders on r/Wallstreetbets — which describes itself, tellingly, as “Like 4chan found a Bloomberg Terminal” — are trying to do the same thing to Wall Street. 
 
Yep, that's right. The memelords of the day-trading set have declared war on Wall Street, and there's enough capital, expertise, and timing experience when combined to cause some major hedge fund managers some real nightmares, simply by having enough leverage when banded together to flip the script on shorted stocks. 

It's probably not going to end well, but maybe this will finally bring about some badly needed Wall Street reform, not that the Biden administration doesn't already have a crapton to do.

Our Little White Supremacist Domestic Terrorism Problem, Con't

The FBI is changing tactics on the Capitol insurrection suspects, moving to build federal conspiracy and sedition cases that carry sentences of decades in prison.

Authorities are sifting through reams of evidence—including more than 200,000 digital tips gathered from social media, members of the public, confidential informants, local news and surveillance footage, according to court filings and people involved in the cases. In recent days, investigators also have started receiving nonpublic evidence gathered from more than 500 grand jury subpoenas and search warrants, officials said, bolstering efforts to gain a clearer picture of what happened on Jan. 6.

Prosecutors already have charged more than 150 people with federal crimes related to participating in the riot, and officials said Tuesday they expected the flood of cases to slow as authorities turn to what was happening behind the scenes.

“We are going to reach a plateau in the very near future,” the acting U.S. attorney in Washington, D.C., Michael Sherwin, said, adding that investigators are increasingly focusing on “possible coordination among militia groups” and people from different states who “had a plan to travel here before the sixth and engage in criminal conduct.”


The sprawling investigation includes FBI agents who normally handle a range of other matters, including securities fraud, public corruption, drugs, and gangs, court filings show.

FBI field offices from Arizona to New York have fanned out to make arrests, search homes and interview witnesses, family members and associates. Homeland security agents and local law enforcement have also taken part in the investigation, according to the filings and people involved.

Current and former law-enforcement officials said the effort was comparable with some of the largest investigations in the FBI’s recent history, such as the Oklahoma City bombing and the Boston Marathon attack. The result has been a rapid-fire series of criminal complaints, arrest and search warrants, with grand jury indictments and more arrests, including those involving additional assaults on police officers, expected later this week.

Officials said they expected little to change in the investigation as Biden appointees take over the Justice Department. “If the evidence is there, and we can identify someone, they’re going to be charged regardless of who is in the White House,” Mr. Sherwin said.


Five died amid the violence at the Capitol, including a U.S. Capitol Police officer and a 35-year-old military veteran who was shot by police. Three died while suffering medical emergencies.

Investigators’ next challenge will be taking a cascade of low-level criminal charges like unauthorized entry into the Capitol and using them as predicate offenses that allow agents and prosecutors to dig further in their attempt to build a broader case for conspiracy, law-enforcement officials said.

“The arrest is only the starting point,” said Richard M. Frankel, the former special agent in charge of the Newark, N.J., FBI field office. “Now they can go back and say, ‘Is this an organized effort to violate Congress, and do further criminal acts?’”
 
In other words, the terrorists are going to be facing the rest of their lives in federal prison, as it should be. There must be overwhelming and catastrophic consequences to these acts, and they have to end any notion that they will be allowed to happen again.


The commander of the D.C. National Guard said the Pentagon restricted his authority ahead of the riot at the U.S. Capitol, requiring higher-level sign-off to respond that cost time as the events that day spiraled out of control.

Local commanders typically have the power to take military action on their own to save lives or prevent significant property damage in an urgent situation when there isn’t enough time to obtain approval from headquarters.

But Maj. Gen. William J. Walker, the commanding general of the District of Columbia National Guard, said the Pentagon essentially took that power and other authorities away from him ahead of the short-lived insurrection on Jan. 6. That meant he couldn’t immediately roll out troops when he received a panicked phone call from the Capitol Police chief warning that rioters were about to enter the U.S. Capitol.


“All military commanders normally have immediate response authority to protect property, life, and in my case, federal functions — federal property and life,” Walker said in an interview. “But in this instance I did not have that authority.”

Walker and former Army secretary Ryan D. McCarthy, along with other top officials, briefed the House Appropriations Committee on Tuesday behind closed doors about the events, the beginning of what is likely to become a robust congressional inquiry into the preparations for a rally that devolved into a riot at the Capitol, resulting in five people dead and representing a significant security failure.

The military, which isn’t structured to be a first responder like law enforcement, took hours to arrive at the scene primarily because the Capitol Police and the District government hadn’t asked the D.C. Guard to prepare a contingency force for a riot. The Capitol Police chief also didn’t call Walker to tell him a request for Guard backup was imminent until about 25 minutes before rioters breached the Capitol.

But the restrictions the Pentagon placed on Walker also contributed to the delay. He needed to wait for approval from McCarthy and acting defense secretary Christopher C. Miller before dispatching troops, even though some 40 soldiers were on standby as a quick reaction force. That standby force had been assembled in case the few hundred Guard members deployed that day on the District’s streets to assist police with traffic control and crowd management needed help, Walker said.

The Pentagon required the highest-level approval for any moves beyond that narrow mission, in part because its leaders had been lambasted for actions the D.C. Guard took during last June’s racial justice protests, including helicopters that flew low over demonstrators in D.C. Top officials concluded those maneuvers resulted from “fragmentary orders” that hadn’t received high-level approval and were looking to prevent a repeat of that situation.

“After June, the authorities were pulled back up to the secretary of defense’s office,” McCarthy said in comments to The Washington Post. “Any time we would employ troops and guardsmen in the city, you had to go through a rigorous process. As you recall, there were events in the summer that got a lot of attention, and that was part of this.”
 
The people that made the terrorist attack on the US Capitol three weeks ago possible weren't all just the seditious terrorists.  They were US government officials working for Trump.
 
Homeland Security is taking al this seriously, seriously enough to issue a National Terrorist Advistory System warning.
 
Using a federal system designed to warn all Americans about terrorist threats to the U.S. homeland, the Department of Homeland Security has issued a warning that anger "fueled by false narratives," especially unfounded claims about the 2020 presidential election, could lead some inside the country to launch attacks in the coming weeks.

"Information suggests that some ideologically-motivated violent extremists with objections to the exercise of governmental authority and the presidential transition, as well as other perceived grievances fueled by false narratives, could continue to mobilize to incite or commit violence," according to a bulletin issued Wednesday through the DHS National Terrorist Advisory System -- or NTAS.

The system was last used to issue a public warning a year ago, when DHS issued a bulletin over potential retaliation by Iran for the U.S. assassination of Iranian military commander Qassem Soleimani in Iraq days earlier. A year before that, DHS issued a bulletin through the same system to highlight the threat from foreign terrorist groups like ISIS or al-Qaida.

But over the past year, domestic terrorists "motivated by a range of issues motivated by a range of issues, including anger over COVID-19 restrictions, the 2020 election results, and police use of force have plotted and on occasion carried out attacks against government facilities," and "long-standing racial and ethnic tension -- including opposition to immigration -- has driven [domestic terrorist] attacks," the bulletin issued Wednesday said.

"DHS is concerned these same drivers to violence will remain through early 2021 and some [domestic terrorists] may be emboldened by the January 6, 2021 breach of the U.S. Capitol Building in Washington, D.C. to target elected officials and government facilities," the bulletin added.
 
 
In other words, DHS believes more domestic terrorist attacks from Trump supporters are coming.
 
So do I.
 
Be careful.

Giving Joe A Grade So Far

 My long-time friend Imani Gandy over at Rewire News has shared her thoughts on the first week of the Biden-Harris administration, and even though Imani and I greatly differed on who we wanted to be the Democratic candidate, like all of us, she came to the realization that we had to beat Trump, and Joe Biden was who we chose to do it.
 
And you know what? If Imani's now sold on Joe's slam-bang first week of progressive policy choices and actions, then everyone should be sold on it. Joe Biden and Kamala Harris are the real deal.

“I want a Biden presidency like I want a brick to the face.”

That’s what I tweeted in May 2019, a few weeks after Biden announced his candidacy. To say I was unenthusiastic about a Biden presidency would be an understatement. Throughout the primary, I routinely urged Biden to drop out. I wanted a progressive president. Someone who would not only undo the damage that Trump wrought, but who would also be forward thinking. I was drawn to Elizabeth Warren’s nerdy energy. She was the person for the job, in my estimation.

But Joe Biden? No way.

“What’s so irritating is that it doesn’t seem like Joe Biden wants to be president. He just wants to have been president,” I tweeted in December 2019. And I believed it. His decision to jump into the race struck me as a self-aggrandizing and feckless attempt at relevance, considering he first ran for president in 1987, right around the time I was obsessing over Cary Elwes and Robin Wright in The Princess Bride.

Ultimately, I thought his candidacy was simply a reflection of vanity. He didn’t really want to put in the work that being president after Trump would require; the presidency was simply the last notch that he wanted to be able to etch onto his political bedpost.

But Biden became the nominee, and I resigned myself to voting for him. I was not happy. Nor was I optimistic. I assumed that he would just be a maintenance president. Someone to turn the clock back to 2016, but not necessarily someone who would move the country forward. And after he won the election, his chatter about the need for unity irritated me because I don’t want to unify with Trump supporters nor do I think I should have to.

Well, it’s been less than a week of the Biden-Harris administration, and I have to say, I have been pleasantly surprised. For a man who is 78 years old and has been in government since government was invented—who compromised with segregationists and fought for their cause by sponsoring a bill that, according to civil rights attorney and then-director of the NAACP Legal Defense Fund Jack Greenberg, would limit courts’ power to order busing as a way to desegregate schools—Biden has charged out of the gate swinging when it comes to the rights of people that the Trump administration either outright ignored or sadistically antagonized. He has done exactly what he should do to set the tone for this new administration, and if he keeps up this pace—and if progressives keep up the pressure—Biden has an opportunity to become a transformative president.
 
I agree completely. Biden wasn't my first choice either a year ago.  Now?
 
He's already shown that he's well on his way to being the person we need in the White House.

StupidiNews!

Tuesday, January 26, 2021

Last Call For The Return Of A Fat Stack Of Tubmans

After Donald Trump and Treasury Secretary Stephen Mnuchin made sure that putting Harriet Tubman on the $20 would take no less than twelve years, delaying the 2016 Obama-era decision until at least 2028 for "counterfeit safety reasons" and scrapping a 2019 redesign that was nearly finished, for the sole reason that racist Trump loved racist Andrew Jackson as his favorite president and wanted to keep Jackson on the bill, it seems President Joe Biden has come to fix yet another Trump mess.

President Joe Biden is looking to resume work to redesign the $20 bill to feature abolitionist Harriet Tubman.

“The Treasury Department is taking steps to resume efforts to put Harriet Tubman on the front of the new $20 notes,” White House press secretary Jen Psaki told reporters Monday.

She added that America's currency should "reflect the history and diversity of our country, and Harriet Tubman's image gracing the new $20 note would certainly reflect that.”

The effort, initiated late in former President Barack Obama’s second term, was backburnered by the Trump administration under former Treasury Secretary Steven Mnuchin. Mnuchin has said that the delay was due to additional work needed on anti-counterfeiting security features, and that bills with her image on it were not likely to enter circulation before 2028.


A Treasury Department spokesperson confirmed that they are looking at ways to speed up the process but did not specify what those might be. When Mnuchin first announced the delay, he also said that the $10 and $50 bills would be refreshed ahead of the $20 denomination, and that work remains underway.

The redesigned note, on which Tubman would usurp President Andrew Jackson — a slaveowner who would be relegated to the backside of the note — was supposed to roll out in 2020. The timing of the design’s unveiling was initially supposed to coincide with the 100th anniversary of the 19th Amendment, which extended voting rights to women.

Jackson, the seventh president, proved to be one of former president Donald Trump’s favorite historical figures. Trump spoke of Jackson often on the 2016 campaign trail, deriding plans replacing him with Tubman as “pure political correctness” and suggested placing Tubman on the $2 bill instead.


The Treasury Department has previously denied that the delay was influenced by political considerations. In 2019 the department’s inspector general agreed to open an investigation into the decision to push back the redesign for several years.
 
I'm not sure how long the project will take, but it was supposed to be done last year. I'm hoping it can done sooner rather than later, especially before Republicans can add a poison pill to must-pass legislation that would kill the project completely.

Still, this is not a top priority, I'd rather have the $1,400 in my pocket today already, but it's something.

California Goes Viral, Con't

Under heavy pressure from industry and tourism groups, and facing a growing recall movement, California Gov. Gavin Newsom has not renewed the state's stay-at-home COVID orders even as new strains of the virus are now ravaging the state.

California officials lifted regional coronavirus stay-at-home orders across the state on Monday, a change that could allow restaurants and businesses in many counties to reopen outdoor dining and other services.

All counties will return to the colored tier system that assigns local risk levels based on case numbers and rates of positive test results for coronavirus infections.

Most counties will be classified under the “widespread” risk tier, which permits hair salons to offer limited services indoors but restricts many other nonessential indoor business operations.

The change, which takes effect immediately, could lessen restrictions in in the Southern California, Bay Area and San Joaquin Valley regions, which were still under stay-at-home orders, unless local officials adopt stronger restrictions. Throughout the pandemic, local leaders have been allowed to go beyond the state’s rules, approve their own stay-at-home orders or shut down additional activities they deem too risky for their areas.

“California is slowly starting to emerge from the most dangerous surge of this pandemic yet, which is the light at the end of the tunnel we’ve been hoping for,” said California Health and Human Services Secretary Dr. Mark Ghaly. “Seven weeks ago, our hospitals and frontline medical workers were stretched to their limits, but Californians heard the urgent message to stay home when possible and our surge after the December holidays did not overwhelm the healthcare system to the degree we had feared.”

It’s far from clear whether the decision will lead to easing stay-at-home rules in Los Angeles County, which has become a national hotbed of the coronavirus, with hospitals overwhelmed by patients. In less than one month, more than 5,000 people have died of COVID-19 in the county alone.

Still, the outdoor dining ban has been highly controversial, with some elected officials and the restaurant industry fighting in and out of court to overturn it. Officials in some other Southern California counties have been even more critical of the state-imposed rules, and had urged Newsom to give them more local control.

The governor announced the regional stay-at-home orders on Dec. 3 in an effort to reduce the strain on hospitals as case numbers surged. Although state data show hospital systems in Southern California and the San Joaquin Valley remain strained, the Newsom administration said models project ICU capacity in those regions and the Bay Area will exceed 15% — a threshold for lifting the regional shutdowns — over the next four weeks.

By delaying his final decision until late last night, Newsom gets to punt everything over to California local and county governments as far as remaining operational, and he can claim victory for keeping hospitals from being overwhelmed.

Except he can't really do that as hospitals are continuing to be overwhelmed, especially in Los Angeles County, home to some nine million Americans.

Newsom is betting county officials will be able to handle things, which they weren't in December.

It's going to be bad in California for a long time, folks. And this time, we can't put the blame entirely on Trump.

Portman, In A Storm

Ohio GOP Senator Rob Portman is the latest Republican in the upper chamber to announce his intent to retire in 2022, opening up a battle royale across the Ohio GOP for his seat.

U.S. Sen. Rob Portman emphasized bipartisanship as he announced he will not be running for re-election.

He said he hopes he will be remembered for the legislation he passed, and he urged politicians to do a better job of working together.

“If we just keep pushing out to the right and to the left, there’s not going to be much left in the middle to solve the real problems we face,” he said.

Portman whining about his Senate colleagues and "lack of bipartisanship" is just about the ultimate expression of eau d'Portman, the man has all the intestinal fortitude of a jar of Miracle Whip left out in the sun for a year.  To whit:

U.S. Sen. Rob Portman said he hasn’t decided how he will vote on impeachment during former President Donald Trump’s trial.

“I’m a juror, it’s going to happen,” Portman said. “As a juror, I’m going to listen to both sides. That’s my job.”

Portman said Trump contributed to partisan gridlock in Washington, and he also laid blame on Trump for the Jan. 6 Capitol riot.

And Portman will refuse to convict just like the first time, because Rob Portman is a coward through and through.

The worst part about all this is that the smart money on Portman's replacement in the Senate is almost certainly on the repugnant Rep. Jim Jordan, and that's only because Gov. Mike DeWine was already a Senator once and seems to be happy as governor for now.

And no, considering the Ohio Democrats couldn't beat one single Ohio legislature Republican who voted for the scandalous multi-billion dollar FirstEnergy kickback bill last year, plus all the city council scandals that have sunk folks like P.G. Sittenfeld (and everyone hating Mayor Cranley) I barely expect Ohio Dems to be able to run a candidate, let alone win.

Short of Dem Sen. Sherrod Brown having a twin brother we don't know about, this seat is going to go to an even worse Republican in 2022.

Sadly, I have to give Jim Jordan his own tag now, because we're not going to be able to escape him now here in the Cincy media for the next two years.

StupidiNews!

Monday, January 25, 2021

Last Call For The Great Former Trumpist Job Hunt

 Donald Trump is political cancer these days, but he's also resume cancer, and his close aides and confidants are now unemployed and remain unemployable.

“There’s a lot of resumé passing and people just wanting to help people land on their feet,” said a former Trump White House official.

It’s not been easy. Tainted by Trump’s reputation, several Trump aides described an increasingly bleak job market with virtually no chance of landing jobs in corporate America and some even having seen promising leads disappear after the rampage at the U.S. Capitol. A second former White House official said they knew of “people who got jobs rescinded because of Jan. 6.” A Republican strategist was blunter.

“They are really f---ed,” the strategist said, pointing to some top officials who stuck with Trump until the bitter end. “The Hill scramble, one of the few places where they’d be welcomed, already happened a month or so ago… They were told over and over to take their hand off the hot stove, and they didn’t want to listen.”


It’s not just the lower- and mid-level staffers getting pinched. Two people familiar with his thinking said Trump’s former chief of staff Mark Meadows, who spent seven years in the House of Representatives before joining the White House, was even considering a position at the Trump Organization because of a lack of options.

Faced with these employment hurdles, staffers have circulated an informal directory of plausible job openings among each other. Other Trump officials decided to start their own businesses or transitioned back to Republican offices on Capitol Hill or hired their former colleagues. Former White House director of strategic communications Alyssa Farah, for example, recently tapped a former aide to Vice President Mike Pence to join her new consulting operation, according to a person familiar with the move.

It’s a far different reality from where Trump and his aides had envisioned they would be. A month ago, everything seemed crystal clear: He had lost the 2020 election but would soon launch a juggernaut campaign for the presidency in 2024, and his allies and inner circle would be there to help. Now, the former president’s team is scampering away — willing to leave Washington, in some cases for red states like Texas and Florida, to increase their job prospects — while his own second act is clouded by uncertainty.

One former senior administration official noted that many inside the White House were waiting until after the Electoral College votes were counted to begin their job search in earnest, so as not to step on messaging about Trump’s efforts to challenge the election results. But then, the riots on Capitol Hill upended their plans.

“They looked to that [Jan. 6] as the end of the limbo state people were operating in so they could start moving on to the next thing” the former official said. “But the 6th put a shock to that.”

Crying shame that sticking with your seditionist coup-coup bird of a boss has wrecked your job prospects, huh.

Maybe that $600 will help, yeah?


Sarah Sanders, Donald Trump’s former chief spokeswoman and one of his closest aides, announced Monday she’s running for Arkansas governor, vying for political office even as the former president’s legacy is clouded by an impeachment charge that he incited the deadly siege at the U.S. Capitol.

The former White House press secretary, who left the job in 2019 to return to her home state, launched the bid less than a week after the end of Trump’s time in office and as the ex-president faces an impeachment trial.

But her announcement reflected how much she expected voters in solidly red Arkansas to embrace the former president, if not his rhetoric.

“With the radical left now in control of Washington, your governor is your last line of defense,” Sanders said in a video announcing her bid. “In fact, your governor must be on the front line. So today I announce my candidacy for governor of Arkansas.”

The daughter of former Gov. Mike Huckabee, Sanders had been widely expected to run for the office after leaving the White House — and Trump publicly encouraged her to make a go. She’s been laying the groundwork for a candidacy, speaking to GOP groups around the state.

Sanders joins a Republican primary that already includes two statewide elected leaders, Lt. Gov. Tim Griffin and Attorney General Leslie Rutledge. The three are running to succeed current Gov. Asa Hutchinson, a Republican who is unable to run next year due to term limits. No Democrats have announced a bid to run for the seat.
 
Doesn't matter that a state's governor has no executive experience in a party that elected Trump, right? Not only do I expect Sanders to win the primary, I expect her to win the governor's race and take her rage out on the Little Rock press corps while lining up regular interview spots on MAGA TV.

She's in the perfect spot to win, still a hardcore Trumpist but far enough away from the failed coup and COVID disaster that she won't be blamed for either when running.

Keep an eye on her. She's going to be dangerous in the years ahead.

The Coup-Coup Birds Come Home To Roost, Con't

Federal law enforcement sources are investigating threats against Congress over Trump's upcoming impeachment trial, stoked by Trump himself no doubt. I do so very hate being right about this.

Federal law enforcement officials are examining a number of threats aimed at members of Congress as the second trial of former President Donald Trump nears, including ominous chatter about killing legislators or attacking them outside of the U.S. Capitol, a U.S. official told The Associated Press.

The threats, and concerns that armed protesters could return to sack the Capitol anew, have prompted the U.S. Capitol Police and other federal law enforcement to insist thousands of National Guard troops remain in Washington as the Senate moves forward with plans for Trump’s trial, the official said.

The shocking insurrection at the Capitol by a pro-Trump mob prompted federal officials to rethink security in and around its landmarks, resulting in an unprecedented lockdown for Biden’s inauguration. Though the event went off without any problems and armed protests around the country did not materialize, the threats to lawmakers ahead of Trump’s trial exemplified the continued potential for danger.

Similar to those intercepted by investigators ahead of Biden’s inauguration, the threats that law enforcement agents are tracking vary in specificity and credibility, said the official, who had been briefed on the matter. Mainly posted online and in chat groups, the messages have included plots to attack members of Congress during travel to and from the Capitol complex during the trial, according to the official.

The official was not authorized to not discuss an ongoing investigation publicly and spoke to the AP on condition of anonymity.

Law enforcement officials are already starting to plan for the possibility of armed protesters returning to the nation’s capital when Trump’s Senate trial on a charge of inciting a violent insurrection begins the week of Feb. 8. It would be the first impeachment trial of a former U.S. president.

Thousands of Trump’s supporters descended on the Capitol on Jan. 6 as Congress met to certify Biden as the winner of the 2020 presidential race. More than 800 are believed to have made their way into the Capitol during the violent siege, pushing past overwhelmed police officers. The Capitol police said they planned for a free speech protest, not a riot, and were caught off-guard despite intelligence the rally would descend into a riot. Five people died in the melee, including a Capitol police officer who was struck in the head with a fire extinguisher.

Though much of the security apparatus around Washington set up after the riot and ahead of Biden’s inauguration — it included scores of military checkpoints and hundreds of additional law enforcement personnel — is no longer in place, about 7,000 members of the National Guard will remain to assist federal law enforcement, officials said.

The Guard Bureau said that the number of Guard members in D.C. is less than 20,000 as of Sunday. All but about 7,000 of those will go home in the coming days. The Guard Bureau said that the number of troops in D.C. would then continue to decline in the coming weeks to about 5,000. They are expected to stay in D.C. until mid-March
.

So DC will remain an armed Green Zone trying to deal with terrorist attacks for at least the next six weeks, during a pandemic that now has new strains of the virus, and Republican lawmakers themselves egging on the terrorists. Still. Again.

Open threats against lawmakers may be the strongest evidence yet that Trump has to be convicted and barred from ever holding public office again (and that Ted Cruz and Josh Hawley need to be expelled from the Senate) because if the Senate GOP refuses to do so now, there will be more coup attempts, and eventually they will be successful.

We've already had one Trump-fueled terrorist attack, where the deaths of dozens of members of Congress, and maybe the loss of the country, were only narrowly averted. More attacks are already being planned openly.

Swift justice has to be delivered to this army of seditionists, guys.

Or we will be under terrorist assault for a very long time.

Location, Location, Location!

The New York Times's Kate Murphy warns of yet another piece of critical infrastructure that the US government has been ignoring for decades: the Global Positioning System. Updates and security precautions need to be taken now, and the US needs to decide on a system to replace it, or America could suffer a devastating outage.

Time was when nobody knew, or even cared, exactly what time it was. The movement of the sun, phases of the moon and changing seasons were sufficient indicators. But since the Industrial Revolution, we’ve become increasingly dependent on knowing the time, and with increasing accuracy. Not only does the time tell us when to sleep, wake, eat, work and play; it tells automated systems when to execute financial transactions, bounce data between cellular towers and throttle power on the electrical grid.

Coordinated Universal Time, or U.T.C., the global reference for timekeeping, is beamed down to us from extremely precise atomic clocks aboard Global Positioning System (GPS) satellites. The time it takes for GPS signals to reach receivers is also used to calculate location for air, land and sea navigation.

Owned and operated by the U.S. government, GPS is likely the least recognized, and least appreciated, part of our critical infrastructure. Indeed, most of our critical infrastructure would cease to function without it.

The problem is that GPS signals are incredibly weak, due to the distance they have to travel from space, making them subject to interference and vulnerable to jamming and what is known as spoofing, in which another signal is passed off as the original. And the satellites themselves could easily be taken out by hurtling space junk or the sun coughing up a fireball. As intentional and unintentional GPS disruptions are on the rise, experts warn that our overreliance on the technology is courting disaster, but they are divided on what to do about it.

“If we don’t get good backups on line, then GPS is just a soft rib of ours, and we could be punched here very quickly,” said Todd Humphreys, an associate professor of aerospace engineering at the University of Texas in Austin. If GPS was knocked out, he said, you’d notice. Think widespread power outages, financial markets seizing up and the transportation system grinding to a halt. Grocers would be unable to stock their shelves, and Amazon would go dark. Emergency responders wouldn’t be able to find you, and forget about using your cellphone.

Mr. Humphreys got the attention of the U.S. Department of Defense and the Federal Aviation Administration about this issue back in 2008 when he published a paper showing he could spoof GPS receivers. At the time, he said he thought the threat came mainly from hackers with something to prove: “I didn’t even imagine that the level of interference that we’ve been seeing recently would be attributable to state actors.”

More than 10,000 incidents of GPS interference have been linked to China and Russia in the past five years. Ship captains have reported GPS errors showing them 20-120 miles inland when they were actually sailing off the coast of Russia in the Black Sea. Also well documented are ships suddenly disappearing from navigation screens while maneuvering in the Port of Shanghai. After GPS disruptions at Tel Aviv’s Ben Gurion Airport in 2019, Israeli officials pointed to Syria, where Russia has been involved in the nation’s long-running civil war. And last summer, the United States Space Command accused Russia of testing antisatellite weaponry.

But it’s not just nation-states messing with GPS. Spoofing and jamming devices have gotten so inexpensive and easy to use that delivery drivers use them so their dispatchers won’t know they’re taking long lunch breaks or having trysts at Motel 6. Teenagers use them to foil their parents’ tracking apps and to cheat at Pokémon Go. More nefariously, drug cartels and human traffickers have spoofed border control drones. Dodgy freight forwarders may use GPS jammers or spoofers to cloak or change the time stamps on arriving cargo.

These disruptions not only affect their targets; they can also affect anyone using GPS in the vicinity.

“You might not think you’re a target, but you don’t have to be,” said Guy Buesnel, a position, navigation and timing specialist with the British network and cybersecurity firm Spirent. “We’re seeing widespread collateral or incidental effects.” In 2013 a New Jersey truck driver interfered with Newark Liberty International Airport’s satellite-based tracking system when he plugged a GPS jamming device into his vehicle’s cigarette lighter to hide his location from his employer.

The risk posed by our overdependency on GPS has been raised repeatedly at least since 2000, when its signals were fully opened to civilian use. Launched in 1978, GPS was initially reserved for military purposes, but after the signals became freely available, the commercial sector quickly realized their utility, leading to widespread adoption and innovation. Nowadays, most people carry a GPS receiver everywhere they go — embedded in a mobile phone, tablet, watch or fitness tracker.
 
Now here's the kicker:

An emergency backup for GPS was mandated by the 2018 National Timing and Resilience Security Act. The legislation said a reliable alternate system needed to be operational within two years, but that hasn’t happened yet.

Part of the reason for the holdup, aside from a pandemic, is disagreement between government agencies and industry groups on what is the best technology to use, who should be responsible for it, which GPS capabilities must be backed up and with what degree of precision
.
 
Congress has passed a fix. And then the GOP punted it to this Congress.  The yearly cost of maintaining the GPS constellation of satellites is $1.7 billion, and gosh, we don't have the money for it, according to Republicans, even though I'm pretty sure we could find some Pentagon money for it.

No, what Republicans really want to do is monetize yet another piece of public infrastructure so they can exploit it for lobbyist cash.

Here's hoping Democrats get this fixed.

I know, I know, it's a long list.

But it needs doing.

StupidiNews!

Sunday, January 24, 2021

Last Call For Retribution Execution, Con't

We don't even get a week of Donald Trump not trying to destroy America and remake it in his image as he's expected to shortly begin his long campaign of revenge against Republicans who failed to help him pull off his coup, targeting them publicly for submission to his rule or to make them face political obliteration and replacing them with those who will submit.

Donald Trump is reportedly moving forward with his plans to create a 'Patriot Party' to put pressure on Republicans who oppose him and attempt to head off conviction in his second Senate impeachment trial.

Trump has told people that the third-party threat gives him leverage to prevent Republican senators from voting to convict him during the Senate trial next month, people in his orbit told the Washington Post.

Since President Joe Biden took office, Trump has been ensconced at Mar-a-Lago, remaining publicly cryptic about his plans except to tell a reporter on Friday: 'We'll do something, but not just yet.'

But behind closed doors, Trump is already drafting an enemies list of Republicans who opposed his baseless claims of election fraud, instructing aids to prepare primary challenges against them, sources told the Post.

The list is said to include the House's number three Republican, Rep. Liz Cheney of Wyoming, who broke party ranks and voted to impeach Trump over his role in the January 6 Capitol riot. Rep. Tom Rice, a South Carolina Republican, is on the list for the same reason.

Georgia Governor Brian Kemp is also reportedly on the list after provoking Trump's fury for refusing to back his challenge to the state's election results, which were certified for Biden.

Senator Lisa Murkowski, an Alaska Republican who has signaled that she is open to voting to convict Trump, is also said to be a Patriot Party primary target. Kemp and Murkowski are both up for re-election in 2022.

Trump advisers say they plan to recruit opposing primary candidates and commission polling as soon as next week in districts of targeted lawmakers.

To fund his splinter party, Trump has more than $70 million in campaign cash on hand, the sources said.

Though the Trump campaign was essentially tapped out on Election Day, the campaign and several allied groups raised $207 million between November 3 and November 23, fundraising on his push to challenged the election results.

The number is certainly higher by now, but hard numbers won't be disclosed to the Federal Election Commission until January 31.

So yes, we're essentially looking at jury tampering in Trump's upcoming Senate trial. No wonder Republican senators are hoping that they have the numbers to dismiss the trial completely with an assist from vulnerable red state Dems facing tough 2022 challenges, something that Chuck Schumer better have already dealt with.

We'll see how it works out, but expect Trump to be back o your TV screen very soon, as the media will go back to covering him more than Joe Biden, because Trump sells.

Rand Paul's Race To The Bottom, Con't


Not for the first time this week, Kentucky Sen. Rand Paul took his criticisms of newly inaugurated President Joe Biden to Fox News.

Speaking with conservative personality Sean Hannity Friday night, the Republican congressman repeated his claim that Biden's goal of increasing the national minimum wage to $15 would cause 4 million people to lose their jobs.

"And the people who lose their jobs first when you hike up the minimum wage are Black teenagers," Paul said. "So, you know, 'why does Joe Biden hate Black teenagers' should be the question. Why does Joe Biden want to destroy all these jobs?"

Paul's claim about job loss is a distortion of the Congressional Budget Office's median estimate, according to FactCheck.org at the Annenberg Public Policy Center of the University of Pennsylvania.

Paul said Friday "even the government says that nearly 4 million people will lose their jobs" after the minimum wage hike, but the claim is a reference to the high end of the budget office's range of potential outcomes, according to FactCheck.org. The low end of the range was “about zero” jobs lost.

To support his claims, Paul's office sent the fact checking site a link to a July 2019 report from the budget office that did not say more than doubling the federal minimum wage would definitely result in about 4 million fewer people working.
 
To recap the spectacularly racist argument:
 
  1. Black teenagers are primarily minimum wage workers, which is wrong. 42% of all American workers, three out of seven, make less than $15 an hour.
  2. Raising the minimum wage would cost millions of jobs, again, wrong, for the reasons' listed above in the story.
  3. Since one and two are both wrong, three, which is "job loss from raising the minimum wage would disproportionately cost Black folks jobs" is wrong, and even if it was higher, that highlights the problem of racist employers firing their Black workers.
  4. Therefore, "Joe Biden is a racist" is stupid and wrong.
 
I'm not sure if Paul thinks Black Kentuckians are really stupid enough to fall for this, because if he's actually right, the racism against Black minimum wage employees is a structural racist reality that needs to be torn down immediately.

So in a way, I'm glad that Sen. Paul agrees that capitalism is racist.

Thanks for playing.

 

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