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Russia Pummels Ukraine's 2nd Largest City With 50 Drones In 'Retaliation' For Attack On Belgorod

"This crime will not go unpunished," Russia's Defense Ministry had announced Saturday in response to the massive Ukrainian cross-border attacks on Belgorod, which according to the revised death killed at least 24 people and wounded at least 108, including many children at a Christmas market.

Starting Saturday, Russia unleashed its promised 'retaliation' on Ukraine, hitting the Ukrainian city of Kharkiv - which lies just across the border from Belgorod city - with some 50 drones

The Kharkiv Palace hotel following the overnight Saturday attack. Global Images Ukraine/Getty Images

Ukraine's air force said that its anti-air defenses shot down 21 of those drones, but that central buildings were hit and damaged, including apartments, a central hotel, a school, and government buildings.

Regional Gov. Oleh Syniehubov said that 28 people were wounded in the attack on Kharkiv, which is the country's second-largest city. There are reports that a British journalist was among the wounded at the Kharkiv Palace Hotel when it was struck.

According to a statement from Ukraine's military:

The missile strikes, which came as Kharkiv prepared for new year celebrations, were followed by waves of drone attacks on housing blocks. On Sunday, the Ukrainian air force said it had destroyed 21 of 49 Iranian-made Shahed drones that Russia had used to target "the frontline of defense, as well as at civilian, military and infrastructure facilities in the frontline territories."

A Russian military statement claimed the overnight assault only targeted military facilities, including what it called a hotel which housed "foreign mercenaries". 

Kiev responded by calling Russia's version of events "yet another delusional fantasy from the terrorist regime waging a genocidal war against Ukraine," as cited in Euromaidan News.

The Kremlin has meanwhile demanded answers from the Czech government, citing that recovered ammunition and debris from the Belgorod strikes included Czech-made Vampire rockets and Olkha missiles fitted with cluster-munition warheads, according to Associated Press reporting.

It seems Russia may be sending a message suggesting that if Ukraine hits a Russian holiday market, it will hit a Ukrainian hotel just ahead of New Year's celebrations...

Russia has throughout nearly two years of war warned that countries externally supplying weapons to Ukrainian forces would be treated as direct participants in the conflict if their weapons are found to be used against Russia. The US in particular has been the biggest supplier of heavy weaponry, followed by NATO and EU countries.

Moscow has all the while underscored the proxy war nature of the conflict and showdown with NATO, but so far a WW3-style escalation has been narrowly avoided, but this worst case scenario certainly looms large.

Tyler Durden Sun, 12/31/2023 - 17:15
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A Clue As To Why AI Is So Dumb

Authored by Jeffrey Tucker via The Epoch Times,

The New York Times has dropped a major lawsuit against OpenAI and Microsoft for copyright infringement. The paper claims that these companies have been scraping NY Times content to train ChatGPT and other features of artificial intelligence software. They cite real injury here: People are using AI tools for information rather than subscribing to The NY Times, and therefore The NY Times is losing advertiser revenue.

My first reaction is: That explains so much!

In particular, it shows why on any topic regarding politics, news, public health, climate change, or anything even mildly controversial, ChatGPT comes across so stupidly conventional and ignorant of deeper literature. It is like reading The New York Times precisely because the AI engine is using The New York Times as its trainer! That truly does account for the core of the problem.

True, there are thousands of fun things you can do with AI. You can debug software. It can compose nice music and paint pretty pictures. It can slice and dice videos with nice results for TikTok. It can write an instant poem or lyrics of anything. It can instantly bang out an article on any topic. In every case, the results are delightful and very impressive.

And yet in every case, the results are obviously generated by a machine. Once you learn to recognize the telltale signs, it is unmistakable. And then the whole experience becomes boring and unimpressive.

People ask me if I as a writer felt threatened by this machine learning and instant prose generator.

For me, it is quite the opposite. Good writing and good thought comes from a spark that only the human mind can generate. No matter how sophisticated AI gets, it can never reproduce this. In fact, I find it hilariously amusing how bad this software really is.

For example, just now, I asked AI to compose an essay of 350 words on AI and copyright in the style of Jeffrey Tucker. It generated some of the most mind-numbing blather I’ve read in years, saying almost nothing of any significance but saying it in clean English prose that has the feel of authenticity while being barren of any of the reality.

The final paragraph of the result: “Ultimately, the intersection of AI and copyright necessitates thoughtful reflection, interdisciplinary collaboration, and an adaptive legal framework. As technological progress propels us into uncharted terrain, striking the right chord between attributing human agency and embracing the transformative power of AI holds the key to a harmonious coexistence in the realm of digital creativity.”

Eye roll! If I read that anywhere, my spidey sense would be immediately triggered that the author is just making stuff up. More precisely, it is not making stuff up but merely regurgitating known forms of conventional prose in a way that mimics thought but without the slightest spark of any creativity, much less depth of meaning. In other words, AI writes like a highly precocious 5-year-old, capable of astonishing feats of imitation but utterly incapable of actual intelligence. It’s like a sophisticated parrot: seeming to speak English but not really doing so. It’s great for parties but not much else.

Consider the copyright case alone. The New York Times claims to own its words and sentences and is furious that ChatGPT takes it verbatim, allowing people to gain access to ideas without having paid for them. If this is true, The NYT should have a major beef with the whole of corporate media and academia too, since it long ago set out to be the standard-bearer of approved thought and conventional wisdom. AI is merely amplifying.

I have no clue how the courts are going to come down on this question. Regardless, the implications of this case are rather broad. OpenAI and Microsoft admit that they have been using The NY Times for its services but say that this constitutes fair use in the law.

Truth is that the phrase “fair use” does not have a rigorously strict definition. It is what the courts say it is. It’s an exception to the rules concerning copyright that bows to the reality that information is not containable like real property. Without fair use, we would live in a preposterous world in which everyone would be required to forget what he learned by reading anything. So maybe it is fair use and maybe it is not.

A larger problem is the institution of copyright itself. Today it is based on the intuition that a creator should own his work. It did not start out that way, however. That was the whole point of the original Statute of Anne (1709). It amounted to a royal grant of monopoly privilege for publishers and authors, and it was deployed mostly for purposes of censoring dissident political and religious opinions. It also set off centuries of litigation in the commonwealth countries and in the United States.

The practical import of copyright today has very little to do with authors’ rights and mainly centers on the rights of publishers to retain exclusive printing and distribution rights to works. Over the years, the term has been extended, from 28 years to 70 years after the lifetime of the author.

That’s how long publishers retain rights. In the old days, publishers would let books go out of print and the rights would revert to the author. No more. Now publishers keep catalogs for the whole term, resulting in an odd situation in which the author loses all intellectual rights and only his grandchildren are in a position to reprint.

It’s nuts, but that’s how the law works. There are hundreds of thousands of books published after 1930 that are still in copyright and have not been digitized. They are inaccessible for all practical purposes in today’s world. And yet they pay no royalties and even the rights holders have forgotten about them. This is a giant tragedy.

The whole theory of copyright is wrong. It is based on the model of private property, as in real things. Real property is ownership exclusive. If I have a fish, you cannot have the same fish. If I have a boat, you cannot have it too at the same time. That’s why the social norm of property came about in the first place: to allocate the rights of control over things that are scarce. It is designed to prevent conflict and bring peace.

But ideas once created are not scarce. You can take every idea in this article and it takes nothing from me. Ideas are infinitely reproducible and therefore not like property at all. The attempt to make them into property requires state action and ends up creating industrial monopolies that benefit not authors but publishers. When authors get paid, it is called getting “royalties,” as in a stream of money from a royal grant of privilege. There is nothing wrong with getting paid based on sales but that can and does happen without copyright.

For example, you cannot copyright recipes, but services that provide recipes for cooking are a highly lucrative business. You cannot copyright sports strategies and plays, but there is a huge demand for books on them. Same with chess moves. It was true with music until the 1880s in Germany: Bach, Beethoven, and Brahms composed without copyright by simply selling publishers access to their works. This did not diminish output but arguably made it better by ensuring a highly competitive marketplace.

In the early days, you could not copyright computer code either. That’s how it came to be that spreadsheet technology became so dominant so quickly and transformed business life. Only later did copyright come along. Now any developer will tell you that the entire industry is gummed up by intellectual property claims. That’s true of many industries today. Hardly anyone is truly happy with the regime as it exists, except perhaps Disney, which has long lobbied for longer terms.

In any case, ChatGPT is doing nothing morally wrong by scraping The New York Times for content. I happen to think this is a bad business idea because The NY Times is a known propaganda sheet and far from definitive on any topic. But that is the choice that OpenAI (wrongly named because they are taking recourse to intellectual property too) has decided to make. I hope the courts side with OpenAI, but that would be only a temporary fix to a much larger problem of the institution of copyright itself.

In conclusion, the intersection of AI and copyright necessitates thoughtful reflection, interdisciplinary collaboration, and an adaptive legal framework. Just kidding!

Tyler Durden Sun, 12/31/2023 - 16:40
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"We Are Going To See 'Collisions' All Over The Planet" - Pushback Against Tyranny & Control Will Accelerate In 2024

Via Greg Hunter’s USAWatchdog.com,

Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), says the top story (out of 20 top stories) of 2023 was massive, documented pushback to tyranny and control by the evil Deep State globalists. 

CAF explains, Our top story of 2023 is ‘The Year of Pushback.’  It was so long, and it was so big, we had to make a special page and move the other 19 top stories to a whole different section on another page.”

Just a few of the 2023 stories that documented this massive pushback, according to CAF, are,

Stories on Constitutional protections, different litigations on the First Amendment and the Second Amendment, and we have one on information sovereignty and infrastructure. 

We have stories on all the pushback against the media, including litigation to hold people accountable and stopping emergency powers. 

We have culture wars about saying no to international organizations. 

Woke capital controls and ESG (Environmental, Social and Governance investing) is toast. 

The state AGs have gone after ESG and Larry Fink (BlackRock CEO), and he’s had to publicly backpedal.  They are steamrolling him. 

We had another story about taking it to the streets and have a whole section on ‘Pushback Heros.’ ...

In 2023, people started to realize that it is kill or be killed.  We have to push back because there is no going along with this. 

They are trying to kill us, number one.  Then they are trying to take all of our stuff, and we can’t let them.

CAF also talks about what she calls “massive collateral fraud.”  CAF goes on to say,

The collateral fraud is enormous, and we have talked about the money (trillions of dollars) that has gone ‘missing’ for years from the federal government. 

This is what’s been going on in the United States and around the world for years. You issue debt, you get a whole bunch of money, and then the money disappears...

So, there is an extraordinarily fraudulent system going on around the debt markets. 

The reality is if you are going to run a bubble like that, you need very strict control of the collateral. 

This is what “The Great Taking” is all about. 

2024 is the year the pushback can put us over the top.”

CAF thinks gold is a “must have” investment for the coming years. The US dollar is being weakened, but it is still “dominant and dangerous.”

In closing, CAF says:

“I think we are going see collisions at a spiritual, legal, financial and physical level increasing all over the planet.  This is a real war, and we are in World War III now.

The US is going to defend the dollar...”

There is much more in the 1-hour and 2-minute in-depth interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with the Publisher of The Solari Report, Catherine Austin Fitts for 12.30.23.

*  *  *

To Donate to USAWatchdog.com Click Here

You can get way more cutting-edge analysis from Catherine Austin Fitts and “The Solari Report” by becoming a subscriber by clicking here.

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The DC Establishment Is Deeply Concerned That Trump May Have Copies Of His Declassified Binder

Authored by Jeff Carlson via The Epoch Times,

A recent CNN article titled “The mystery of the missing binder: How a collection of raw Russian intelligence disappeared under Trump” discusses, albeit in roundabout fashion, former President Donald Trump’s declassified binder.

According to CNN:

“A binder containing highly classified information related to Russian election interference went missing at the end of Donald Trump’s presidency, raising alarms among intelligence officials that some of the most closely guarded national security secrets from the US and its allies could be exposed, sources familiar with the matter told CNN.

“Its disappearance, which has not been previously reported, was so concerning that intelligence officials briefed Senate Intelligence Committee leaders last year about the missing materials and the government’s efforts to retrieve them, the sources said.

“In the two-plus years since Trump left office, the missing intelligence does not appear to have been found.”

All very breathless and conspiratorial sounding. Which, of course, is the entire point.

But the problem for CNN is that there never was any Russian collusion. It was all a giant hoax. Nor was there any real Russian election interference. No more so than any other year. And no more than what the United States does in Russia.

It was all part of a giant fraud that CNN helped to perpetrate in order to hamstring the Trump presidency. So when CNN claims, “The binder contained raw intelligence the US and its NATO allies collected on Russians and Russian agents, including sources and methods that informed the US government’s assessment that Russian President Vladimir Putin sought to help Trump win the 2016 election,” what they are really referring to is the proof that Trump amassed of the FBI’s efforts to interfere in the 2016 election.

The “sources and methods that informed the US government” is precisely what they don’t want anyone to see.

It was never Russian collusion.

It was collusion on the part of DC’s entrenched bureaucracy.

That’s where the real scandal lies.

And the DC establishment is very worried that President Trump has proof of that collusion in his possession.

The National Archives building in Washington on March 28, 2023. (Madalina Vasiliu/The Epoch Times)

And that’s what this is all really about—information that President Trump has in his possession that proves the involvement of the FBI, Department of Justice (DOJ), and other establishment agencies in their effort to tarnish him with their construction of the Russian collusion lie.

Which is why CNN all but gave away the entire premise behind the DOJ’s directed FBI raid on President Trump’s Mar-a-Lago residence in their article.

As they note, “The binder was not among the classified items found in last year’s search of Trump’s Mar-a-Lago resort, according to a US official familiar with the matter, who said the FBI was not looking specifically for intelligence related to Russia when it obtained a search warrant for the former president’s residence last year.”

Their need to insert that disclaimer gives the game away. We didn’t find the binder when we launched a politically motivated shock raid on the house of a former president, but we also weren’t looking for it. Right.

It’s worth remembering that the FBI’s raid on Mar-a-Lago started off with claims that President Trump had illegally stored top-secret documents related to our nation’s nuclear weapons in his bathroom.

Of course, that claim wasn’t true, which is why CNN has shifted to hyping the classified nature of the binder by claiming, “The intelligence was so sensitive that lawmakers and congressional aides with top secret security clearances were able to review the material only at CIA headquarters in Langley, Virginia, where their work scrutinizing it was itself kept in a locked safe.”

These ridiculously overwrought claims that the binder was of the highest sensitivity are all nonsense, of course. Many of these documents have slowly made their way into the public domain through congressional release. And the FBI has even been forced to reluctantly release several hundred pages of heavily redacted internal records from its Russia investigation.

The binder is not a threat to national security. But it does contain documents that implicate many—both outside and inside the deep state—in their efforts to overturn the Trump presidency with claims of Russian collusion.

It’s important to note that there’s a very real effort on the part of the DOJ to run cover for hiding the binder in the first place. And, as we’ll see, an effort to confuse exactly what the binder really was.

The Department of Justice building in Washington on Feb. 9, 2022. (Stefani Reynolds/AFP via Getty Images)

A few months back, we told you about a new filing from John Solomon that told the backstory to President Trump’s last-minute declassification order of his “Binder of Declassified Documents.”—and how the DOJ sucked those documents back in and blackholed them.

At President Trump’s request, the DOJ provided the White House with a binder of materials related to the FBI’s Crossfire Hurricane investigation on Dec. 30, 2020. According to the motion, “Trump reviewed them and decided that the binder should be declassified to the maximum extent possible.”

As you might expect, the FBI had been objecting to the release of these documents because “the binder contained embarrassing information about the Bureau’s officials and the government’s conduct in the case,” and there was a lot of fighting over redactions.

This was finally settled, with President Trump accepting the “proposed redactions” and declassifying the binder in a final Jan. 19, 2021, order. As this was ongoing, Mark Meadows, President Trump’s chief of staff, informed Mr. Solomon of the pending declassification and invited him to the White House to “review several hundred pages of declassified documents and to discuss a plan for publicly disseminating the entire binder to the American public.”

As Mr. Solomon and his staff were reviewing the documents, they received a call from the White House asking that the documents be returned because the White House inexplicably wished to make some additional redactions to unclassified information under the Privacy Act.

Which is odd, because as Mr. Solomon’s filing notes, “the binder was not subject to the Privacy Act.” But for some unknown reason and “without the President’s knowledge or consent, one of the President’s subordinates [possibly Mr. Meadows himself] decided that redactions consistent with the standards of the Privacy Act should be applied to the binder before it was publicly released.”

According to the filing, Mr. Meadows “promised Solomon that he would receive the revised binder.” But as Mr. Solomon notes, this never occurred and the documents reside within the DOJ to this day.

A legal back-and-forth continued between the two camps until June 17, 2022—when an agreement was reached and President Trump designated “Kash Patel and Solomon as his representatives.”

President Trump’s lawyer reached out to Gary Stern, general counsel of the National Archives, telling him that they would like to begin reviewing the documents at the Archives on June 21, 2022.” But here’s where the intentional confusion by the DOJ and the National Archives comes into play.

Mr. Stern agreed to the review. But then, on June 23, Mr. Stern suddenly told Mr. Solomon the binder was not at the National Archives—it had been transferred back to the DOJ 18 months earlier “per Meadows’s original memorandum to the Attorney General.”

Mr. Stern said they did have a box of 2,700 “undifferentiated pages of documents with varying types of classification and declassification markings.” But he also told Mr. Solomon that because the National Archives could not ascertain the classification status of any information in the box, it would treat its contents as “Top Secret/Sensitive Compartmented Information.”

There were now effectively two binders—both of them considered classified, despite Trump’s declassification order. This was confirmed by Mr. Solomon, who told Mr. Stern that “he believed the records held by the Archives were the very same documents that Trump had declassified and that they were copied from the binder in preparation for release to the news media on the morning of January 20, 2021.”

Award-winning investigative journalist John Solomon in Washington on July 10, 2020. (Tal Atzmon/The Epoch Times)

Mr. Solomon notes that “the Archives could have ascertained the classification status of these records at any time simply by comparing the binder with the boxed papers. However, it has never chosen to do so.”

Mr. Solomon asked that Mr. Patel, who held a TS/SCI clearance and was familiar with the documents in the binder, be allowed to verify the box of documents. But on July 12, Mr. Stern responded, telling Mr. Solomon the documents were now unavailable as they were subject to a Freedom of Information Act lawsuit.

Furthermore, Mr. Stern told Mr. Solomon without explanation that “the Trump Presidential records” were unavailable for the Mandatory Declassification Review procedures under the Presidential Records Act.

As you can see from this lengthy and convoluted sequence of events, the DOJ—coordinating through the National Archives—was absolutely desperate to prevent the binder from going public.

But they still had a problem—potentially a big one. The DOJ was virtually certain that President Trump had taken a copy of the presidentially declassified binder with him. And so it was that exactly one month after Mr. Solomon’s request that Mr. Patel review the documents, on Aug. 8, 2022, President Trump’s Mar-a-Lago residence was raided by the FBI.

On Aug. 14, 2022, following the FBI raid, Mr. Solomon told Mr. Stern that the declassified Crossfire Hurricane records were presidential records and asked what efforts had been made to retrieve them from the DOJ.

Three days later, Mr. Stern replied, telling Mr. Solomon that the “bulk of the binder” was—for some unstated reason—intended to remain with the DOJ. As Mr. Solomon’s filing notes, “the Trump White House always considered the Crossfire Hurricane binder a Presidential record and never intended to give up control over it.”

Mr. Solomon closed his statement of facts by noting that by “making everchanging excuses, [President Joe] Biden’s DOJ stonewalled Solomon, denying him access in violation of the Presidential Records Act.”

Mr. Solomon said President Trump “ordered the creation of the Crossfire Hurricane binder to conduct his official duties and that the White House intended to retain control over the binder and its records at all relevant times.”

Kash Patel, former Principal Deputy to the Acting Director of National Intelligence and former senior counsel to the House Intelligence Committee, in Washington on March 15, 2021. (York Du/The Epoch Times)

President Trump’s official “Binder of Declassified Documents.” remains hidden within the DOJ to this day.

But—and this is a big but—note President Trump’s stated legal position that he “always considered the Crossfire Hurricane binder a Presidential record and never intended to give up control over it.”

In other words, the binder was composed of presidential records that President Trump is legally allowed to have under the Presidential Records Act.

Presidential records that were not found during the FBI’s raid of Mar-a-Lago.

Presidential records that President Trump almost certainly still has copies of—and likely intends to use—as evidenced by an unexpected court filing.

Two days before CNN ran its article, on Dec. 13, President Trump’s lawyers made a surprising announcement hidden in the footnote of a court document, one that apparently took prosecutor Jack Smith by surprise, notifying the court of their intention to “disclose classified information at trial in support of this defense.” What classified information do you suppose that President Trump would have at his disposal?

It turns out that we get more than a hint of that from a lawsuit that Trump filed on March 24, 2022—roughly four months before the DOJ’s raid on Mar-a-Lago. Although the lawsuit was dismissed by a Bill Clinton-appointed judge, it targeted a lot of familiar names involved in the Russia collusion hoax.

It also cited only public information, despite having a surprising level of detail. I didn’t think the suit was particularly well designed.

But it did contain a surprising amount of information. Almost like President Trump had kept a file on matters. Almost.

There’s one other item that we’ll note before we end.

In its article, CNN wrote that “The day before leaving office, Trump issued an order declassifying most of the binder’s contents.”

The rest of the article focused on the supposed risks to national security—and blaming President Trump for it all.

Not once, at any point in the article, did these so-called journalists stop to ask why the binder hadn’t been released to the American public in compliance with Trump’s presidential order.

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San Diego-Bound Cargo Ship Hauling Lithium Batteries Reports Fire

A fire was reported on a 410-foot cargo ship carrying lithium-ion batteries from Vietnam. The US Coast Guard is assisting the vessel diverted to Dutch Harbor, Alaska, on Friday. 

Around 0440 local time Thursday, the 17th Coast Guard District Command Center in Juneau received a report from "Genius Star XI" about a fire onboard. The distress call was made about 225 miles (362 kilometers) southwest of Dutch Harbor. 

The Coast Guard dispatched a Lockheed HC-130 from Air Station Kodiak and Coast Guard Cutter Alex Haley to assist the vessel. It noted that a "safety zone" will be erected around the ship "carrying lithium-ion batteries." 

Bloomberg data shows Genius Star XI departed from Vietnam earlier this month with a port call to San Diego. As of Saturday, the vessel is now offshore of Dutch Harbor. 

Wisdom Marine Group of Taipei, Taiwan, owns the cargo ship. A spokesperson from the company told AP News that there were no injuries to the 19 crew members.

The company warned about the "potential risk of explosion" and said the cargo hold, a space in the ship for storing and transporting cargo, has been "kept sealed." 

In a news release, Capt. Chris Culpepper, commander of Coast Guard Sector Anchorage, wrote, "This will be an ongoing team effort as we work to safely extinguish the fire, provide any necessary medical care for the crew, and mitigate the dangers associated with a shipboard fire." 

There have been a series of lithium fires on commercial vessels this year. The latest was in July when a massive roll-on, roll-off ship experienced a fire caused by what early reports said was an electric vehicle.

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Operation Prosperity Guardian Escorts Two Maersk Vessels Through Red Sea, Report Says 

Major shipping carriers remain deeply divided on sending new vessels through the Suez Canal and the hazardous Red Sea despite the US' effort to bring online 'Operation Prosperity Guardian.' There were reports last week that shipping giant Maersk was preparing to restart container ship transits in the critical waterway. 

X user Sal Mercogliano, citing MarineTraffic data, said, "Operation Prosperity Guardian successfully escorted two US-flagged ships of @MaerskLineLtd through the Bab el-Mandeb." 

Mercogliano noted, "One of the ships was escorted by a French frigate, showing that the @CMF_Bahrain international cooperation has improved." 

He added that Maersk is "preparing to run about a dozen 8k+ TEU containerships through the region, along with single ships of @cmacgm and @COSCOSHIPPING." 

Last week, Maersk stated: "We continue to prepare our vessels for passage through the Red Sea, and any deviation from this decision will be looked at on a case-by-case basis." 

Meanwhile, German shipper Hapag-Lloyd said its container ships are still avoiding the Red Sea region

Many of the world's largest shipping companies have rerouted ships around the Cape of Good Hope to avoid drone and missile attacks in the Red Sea from Iran-backed Houthi militia in Yemen. 

UBS analysts have said more than 400 cargo ships have been rerouted on the 6,000-nautical-mile detour, which effectively reduces the capacity of Asia-to-Europe trade by a quarter. This drives up shipping costs at a time when global central banks have aggressively raised interest rates to curb inflation.

The news of Maersk sending ships through the Red Sea is a positive development. Yet, the overhang that another vessel attack could be imminent is unsettling for shipping companies.  

We wonder just how much that escort cost US taxpayers. 

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"We're Headed To A System Where The Elites Pick Our Leadership": RFK Jr.

Authored by Jeff Louderbeck via The Epoch Times,

Facing a monumental challenge to get on the ballot in all 50 states and the District of Columbia, Robert F. Kennedy Jr. continues to criticize legal efforts to prevent former President Donald Trump from appearing on the ballot in multiple states.

The Colorado Supreme Court on Dec. 19 declared President Trump ineligible in the state based on a provision in Section 3 of the 14th Amendment that prevents individuals who have engaged in "insurrection" against the United States from holding office.

Mr. Kennedy, who announced on Oct. 9 that he would run for president in 2024 as an independent instead of as a Democrat because the Democrat National Committee was “rigging the primary,” has expressed his disapproval of the decision several times since.

He wrote on X, formerly known as Twitter:

“Colorado Supreme Court ruling makes America look like a Banana Republic. Why doesn’t every American understand that if they can do this to a former US President, EVERYONE is vulnerable to punishment for crimes with which they have never been convicted. Democracy would be a total shambles.”

In another post on the platform, Mr. Kennedy wrote:

“If Trump is kept out of office through judicial fiat rather than being defeated in a fair election, his supporters will never accept the result. This country will become ungovernable.”

He reiterated his stance in an interview with The Epoch Times.

“I think we are seeing more and more this sinister and troubling trend of democracy being downgraded. We’re headed to a system where the elites pick our leadership,” Mr. Kennedy said.

It’s like the old Soviet Union, where party leaders pick the leadership. Federal agencies have been weaponized as political tools against the American public to suppress anyone from running except the chosen leaders.

“I’m not a fan of Trump, but I want the American people to decide who represents them, and I want to win on a level playing field and in a fair fight, not by a judicial intervention coming in and getting rid of people they don’t like.”

Filing Appeals

On Dec. 27, the Colorado GOP filed a petition to the U.S. Supreme Court, seeking a review of the Colorado Supreme Court decision.

The Colorado Supreme Court stayed its ruling until Jan. 4, 2024, the day before ballots are due to be printed or until an appeal is made to the U.S. Supreme Court.

With the Colorado GOP's petition and President Trump's lawyers indicating that they'll appeal, the stay could be extended until the U.S. Supreme Court's decision.

Amaryllis Fox Kennedy, Mr. Kennedy’s campaign manager, believes that the Colorado Supreme Court’s decision should be reversed.

“I think that the American people in general are for free and open public discourse and debates and want the very best candidate for the highest office in the land to be chosen based on the policies that they're proposing and past performance if they’ve held the office before,” Ms. Kennedy told The Epoch Times.

“The establishment is trying to create a labyrinth of obstacles to getting on the ballot if you're an independent candidate or, in the case of the Colorado ruling, preventing voters from exercising their right based on a decision where there was not even a trial in Colorado in which Trump was a defendant.”

Mr. Kennedy also objected to California Lt. Gov. Eleni Kounalakis ordering Secretary of State Shirley Weber last week to explore “every legal option” to remove President Trump from the ballot.

"Someone needs to explain to Lt. Governor Kounalakis that in democracy, we choose candidates by VOTING. Not by legal maneuvers to get them off the ballot,” Mr. Kennedy wrote.

"Kounalakis has close ties to Gavin Newsom (of course), Kamala Harris, and Nancy Pelosi. She isn’t just an individual with an agenda. She is deep in the Democratic party establishment.”

Former President Donald Trump leaves the courtroom during a break in the civil fraud trial against The Trump Organization at the New York State Supreme Court in New York City on Dec. 7, 2023. (Timothy A. Clary/AFP via Getty Images)

Kennedy Campaign Update

Mr. Kennedy is traveling the country to private fundraising events and voter rallies designed to collect signatures to get him on the ballot in all 50 states and the District of Columbia.

On Jan. 3 in Salt Lake City, he'll announce his ballot status in Utah, the first state where his campaign submitted signatures.

Mr. Kennedy filed a lawsuit against Utah officials on Dec. 4 citing an “unconstitutional early filing deadline” that prevents ballot access for independent presidential candidates.

Days later, Utah Lt. Gov. Deidre Henderson announced that she would extend the deadline for independent presidential candidates to gain ballot access to March 5, 2024.

The legal action challenged Utah’s Jan. 8 deadline requiring independent presidential candidates to collect and verify 1,000 signatures from qualified voters.

“The current deadline is the earliest deadline ever sought to be imposed on independent presidential candidates in the modern era. No federal court has ever upheld a January deadline,” Mr. Kennedy’s lawsuit argued.

"In a democracy, the people are supposed to decide with their votes who gets into office. Not state officials who prevent popular candidates from getting on the ballot.”

Tyler Durden Fri, 12/29/2023 - 15:35
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Victor Davis Hanson Exposes "Our Razor's Edge"

Authored by Victor Davis Hanson via American Greatness,

At the end of the year, we are on the razor’s edge of many things that soon may blow up.

Americans are far beyond President Joe Biden’s serial untruths of some eight years that he never discussed Hunter Biden’s various get-rich-quick schemes.

All were predicated on the perception of foreign interests purchasing from the Biden family the influence of then-senator, vice president, and possibly soon-to-be President Joe Biden.

The Bidens now risk exposure to criminal charges of multimillion-dollar tax fraud, perjury, influence selling, and bribery as congressional committees and a special prosecutor unravel years of tangled-up quid pro quos.

A newly indicted Hunter remains reckless and unpredictable. He continues to publicly blame his mounting legal problems on everyone and everything other than his own selfish excesses.

Hunter deliberately involves his family and may even bring down his own father. His tax lawyers have previously threatened to call President Joe Biden to testify on his behalf under oath.

He continues to court public scandal by hawking amateurish “representational” paintings to the quid-pro-quo wealthy and wannabes wishing clout with the White House.

His laptop messages reveal a prodigal son angry that his bagman services were never fully appreciated by his familial beneficiaries.

Hunter’s wayward laptop is a felonious trove of drug-addled, illicit Petronian excess and sex, interspliced with his self-incriminating family communications on the distributions of pay-for-play payoffs.

Hunter’s business aides will be called back to elaborate on their already incriminating testimonies.

The contents of Joe Biden’s various alias emails will soon see new scrutiny.

Given Biden’s physical and ethical frailties, age, and bad polling, the left-wing media and Democratic hierarchy may cease circling the wagons around him. Instead, some may fuel the effort to sandbag a 2024 Biden candidacy by releasing or even leaking incriminating evidence.

Harvard President Claudine Gay’s tenure is even more tenuous than Biden’s. Harvard can either claim to be the nation’s preeminent academic institution or continue to protect a plagiarist as president—not both.

It can profess to be at the center of academia’s moral and intellectual universe, but not if its president cannot punish those on campus who daily call for the destruction of Israel and the genocide of the Jewish people. Gay cannot lie to Congress that Harvard in the past has also allowed “hate speech” against entire groups the way it now allows against Jews.

Nor is it sustainable for Gay to fob off calls for her resignation as “racist.” In fact, the more the public learns about her academic career, the more she seems to be a lifetime beneficiary, not a victim of racially-weighted policies.

Since the October 7 Hamas massacre of 1,200 Jews, anti-Israeli/pro-Hamas protests, often violent, have swept the Western world, particularly in the big cities and on campuses of America.

Protestors no longer distinguish being anti-Israeli from being anti-Jewish. Now they just openly mouth anti-Semitic chants and harass individual Jews.

Almost every hallowed monument—from the Lincoln Memorial to the White House gates, nearly every cherished national icon from the famed Christmas tree in New York’s Rockefeller Center to New York’s Naivety scene, and our most famous infrastructure from the Manhattan Bridge to the Golden Gate Bridge—has either been swarmed, defaced, or disrupted by pro-Hamas demonstrators.

Americans are growing weary of these escalating protests for a variety of reasons. Most remember that the October 7 war started not with Israeli preemptive attacks on an independent Gaza, but only after Hamas killers launched a sneak attack to commit atrocities against Jews residing in Israel.

The current war is waged between a constitutional state of free elections and a cruel, autocratic terrorist clique.

Indeed, Hamas has refused negotiations over a ceasefire that would have led to internationally conducted free elections for the people of Gaza—something forbidden by enriched Hamas kingpins ensconced in luxury abroad.

Many of the loudest and most violent anti-Jewish protestors in the U.S. are immigrants, green card holders, or on student visas. That fact is confusing to Americans.

Why would those who have fled despotic regimes in the Middle East to study, work, or reside in a free America, once safely here, rally for the very dictatorships they left behind and apparently do not wish to return to?

Why trash the very foundation and values of their American hosts that ensure their newfound freedoms?

For weeks, the American people have been relatively silent as they digested these ongoing catastrophes. But at some point, their patience will run out.

Americans will then collectively conclude that Joe Biden has never been truthful about vast ill-gotten funds that have enriched his family; that Harvard is no longer preeminent or even prestigious; and that people who do not like us, our laws, and our values should try cheering on the work of Hamas from their own homes.

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Jack Smith Wants To Stop Trump From Introducing Jan. 6 Security Failures Into Evidence

Special Counsel Jack Smith has asked a federal judge to stop former President Trump from introducing evidence of selective prosecution and security failures surrounding the Jan. 6 Capitol riot.

Smith also wants to stop Trump from arguing that his actions were protected by the First Amendment, writing in a Wednesday filing that Trump has tried "to inject into this case partisan political attacks and irrelevant and prejudicial issues that have no place in a jury trial," Just the News reports.

Senior Assistant Special Counsel Molly Gaston wrote in the filing that while the court can disregard Trump's claims, the jury may not.

"To ensure that the jury remains focused on its fact-finding duty and applies the law as instructed by the Court, the defendant’s improper evidence and argument should be excluded," she wrote.

"Throughout this litigation, and in his public comments, the defendant has sought to blame others for the attack on the Capitol for which he is responsible, including law enforcement, military forces, unidentified secret agents, and foreign influence," the filing continues. "The defendant should be precluded from introducing within the courtroom the disinformation he has propagated outside of it."

Trump, meanwhile, said on Truth Social that he was "doing my duty as President to expose and further investigate a Rigged and Stolen Election," adding that he is "entitled to IMMUNITY."

 

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2024 - The Year Of Our Reckoning

Authored by Victor Davis Hanson via American Greatness,

We should remember the now modern proverb of Nixon-era economic advisor Herb Stein to the effect that what cannot go on (without destroying the nation), simply will not go on.

In some sense, the country for recent years has been cruising on the fumes from prior and likely better wiser generations and institutions. In 2024, the tab for our current apathy, toxic politics, and incompetence will come due.

So next year we will likely see the climax to a number of current dangerous ideas, events, and forces, which finally will either overwhelm us or be addressed and remedied. We live in a Neronian age but can recover if we first understand how we got here and the nature of the suicide we are committing.

In 2023, it became clear, to even the most loyal supporters of the Biden administration, that the U.S. has simply lost or indeed forfeited American deterrence abroad. Our enemies do not fear us; our friends do not trust us; and neutrals do not care either way.

After the 2021 Kabul debacle, the 2022 Russian invasion of Ukraine, the 2023 brazen Chinese spy balloon’s uncontested trajectory over the United States, the recent Hamas invasion of Israel, the serial Iranian-fueled terrorist attacks on U.S. installations in the Middle East, and the terrorist Houthis’ veritable absorption of the Red Sea, many of America’s opportunistic enemies drew conclusions and adopted strategies that would have been previously unthinkable.

Either adversaries will be so emboldened to start regional wars—an impotent Iran now brags it will block the entire Mediterranean—or a United States will be shocked into action and have to deter Iran, the Houthis, and Islamic terrorism, while dealing with an opportunistic China eager to annex Taiwan, and Russia determined to finish off Ukraine.

Those challenges will force the military to staunch its recruitment hemorrhaging, rectify low morale, and rearm. Such rebooting in turn will require discarding the woke agenda, stopping the DEI proselytizing and virtue signaling, and returning to a meritocracy focused on military preparedness and battlefield efficacy.

Since January 2021, the Biden administration has flagrantly and unapologetically dismantled federal immigration law. It destroyed the border as we once knew it. It has already greenlighted more than 8 million illegal entrants—with another quarter-million entering each month.

No one in government has offered any projected costs to states and federal agencies of offering health, food, housing, legal, and education subsidies to millions—who broke the law by entering the U.S. and continue to do violate it while residing unlawfully here. Is that the sign of a promising American citizen—that the first thing he does upon entering America is to break his host’s law?

Incredibly, no one has even explained to Americans why millions of illegal aliens are exempt from the vaccine mandates, background checks, and adherence to the law that is demanded of U.S. citizens and legal immigrants. We will soon demand “real” IDs of American citizen airline travelers, while we fly illegal aliens all over the states without any identification?

In fact, those who blew up the border can’t honestly even explain to the American people why they did so. Was it to ensure future (or even present) political constituents? Cheap labor? To ensure higher taxes to pay for more government services and to “spread the wealth?” Obeyance to the diversity/equity/inclusion lobbies? To make up for fleeing blue-state population?

The United States has now exceeded, both in real numbers and in percentages, all past numbers of non-native born American residents—at a time when civic education, the idea of the melting pot, and adherence to assimilation have never been more under assault.

In 2024, either the border will close, or the United States will suffer radical political realignments, sheer chaos in our major cities, protests from Americans furious over the complete flaunting of federal law by their own elected officials, and a likely impeachment of Joe Biden for deliberately forsaking his oath to “faithfully execute the Office of President of the United States.”

The October 7 Hamas invasion of Israel and premodern massacring of nearly 1,200 Jews—and the virulent anti-Semitism that swept our elite campuses and big cities even before the October 27 Israeli Defense Forces’ retaliatory invasion of Gaza—was a wakeup call about the racialized hatred and anti-Semitism now endemic on the Left.

Campus protestors dropped the prior protestations that they were not anti-Semitic in their hatred of Israel. Instead, they now call out Jews by name. They disrupt their homes and businesses, regardless of their views on Zionism. Pro-Hamas protestors feel free to harass Jews, and with impunity and arrogance chant genocidal chants promising the destruction of Israel and its Jewish population.

The main campus culprits for these sudden unabashed hatreds are tripartite.

First, wealthy, mostly white leftist students - increasingly as ignorant of history as they are arrogant in their zealotry - feel it pays psychological and careerist dividends on campus to mouth orthodoxies of hating Israel and de facto siding with the Hamas killers.

Most have no idea of the Hamas charter, where flows the Jordan River, or what the British Mandate for Palestine or the Balfour Declaration were. Few of the loudest could never even find Jordan, Israel, the West Bank, or Gaza on a map. No matter: being heard and seen on campus hating Israel is considered a necessary fad like 1970s bellbottoms or pet rocks.

Second, huge numbers of full-tuition-paying Middle-Eastern visiting students and green-card holders, along with Gulf-fueled and endowed faculty, assume that they are exempt from any legal consequences.

So they often deface the federal monuments of their hosts, shut down traffic, swarm Jews on campus and in the street, break the law, and battle with police—with absolute impunity.

Third, just as startling are the undisguised hatreds emanating from radical diversity/equity/inclusion students and faculty. As the declared oppressed, they too feel exempt from any charge that they are mouthing racist and anti-Semitic venom, as they conflate Israel with the now maligned stereotyped “white” people.

The apogee of such extremism was evident in the congressional testimony of  three ethically challenged Ivy-League presidents. They reminded the nation that no campus president would unequivocally condemn, much less punish, any anti-Semites on a campus, who openly called for the destruction of Israel and its Jewish population. And they lied about “free speech” constraints on their punishment of mainstreaming anti-Semitic and genocidal threats—given they routinely expel, censure, and variously punish all sorts of “hate speech,” but only if it is directed against their own DEI constituencies.

All this is not tenable.

Our top universities are facing a perfect storm. Declining pools of students, crushing student loan debt, spiraling tuition and room and board costs, administrative bloat, defecting donors, and the public’s distrust of such people being entrusted with their children’s higher education, will all soon lead to a general reexamination of the very need of these universities in the first place, at least as they are presently constituted.

Their racialist admissions, hiring, retention, and promotion protocols are destroying meritocracy. Their mediocre curricula, grade inflation, and campus polarization have convinced the public that they are no longer deserving of the many taxpayer indulgences that shield campuses from market realities—such as massive federal research grants and subsidies, tax-free billions of dollars in private donations, tax-free endowment income in the tens of billions of dollars, and taxpayer subsidized $2 trillion in student loans.

So insulated are these atolls of privilege that they cannot recognize growing public anger over the damage they are doing to the country. Iconic Harvard University cannot even fire its DEI president Claudine Gay, despite serial instances in her own past of plagiarism (which prompted Harvard’s sycophantic board to defend her by embracing a new euphemism— “duplicative language” as if to signify the tiny clerical lapse of stealing the ideas and prose of others).

In 2024, radical changes in university administration and values will begin to be made, or higher education will face a reckoning from the public and a newly elected government.

Currently, Colorado has tentatively removed Donald Trump from its 2024 ballot on the specious grounds that he is an “insurrectionist.” Thus, the state insists that he is subject to the 14th Amendment, Section 3 clause of 1868, that calls for the disbarment from future government employment or service those former federal officials and employees who had joined the Confederacy.

Aside from the misapplication of the spirit and letter of that post-Civil War legislation, those responsible for erasing Trump know that he has never been charged with, much less convicted of “insurrection. And he never will be.

They understand that half the country knows the January 6 “riot” was the work of unarmed, overzealous, and buffoonish protestors, who broke the law by entering the Capitol, but otherwise had no master insurrectionary plan. And the majority surrounding the Capitol did in fact obey the president’s call to protest “peacefully” and “patriotically.”

The left privately understands that their latest weaponization of government follows their “Russian collusion hoax,” their “laptop disinformation” farce, their two politicized impeachments, their performance-art Mar-a-Lago documents raid, and thus are all part of a systematic degradation of our campaigns, elections, and political customs, tradition, and discourse.

A jaded public knows too well that such punitive measures never applied to the 2016 Hillary Clinton crimes of destroying subpoenaed emails and devices, or the FBI’s illegal alteration of FISA documents or its contracting out social media to suppress news stories, or its hiring of a foreign national Christopher Steele, who compiled a fake “dossier” to destroy the candidacy of Donald Trump.

A majority of Americans further know that had Donald Trump not chosen to run for office in 2024, state and federal prosecutors such as the publicity-seeking and partisan Alvin Bragg, Letitia James, Jack Smith, and Fani Willis would never have indicted him.

All privately know that the entire Biden family, including the President, could just as easily be indicted on state and local felonies, but the Biden consortium finds itself exempt both for its leftist ideology and its current control of the Department of Justice.

What then do the campaign and election of 2024 foreordain?

We will be in entirely new and completely dangerous territory. The likely Republican nominee who currently leads incumbent president Joe Biden will be for most of 2024 the constant target of a coordinated state and local Soviet-like effort to destroy his candidacy before the voters can even vote for or against him in the November election.

The United States 2023 annual budget deficit is about $1.7 trillion; the nation is burdened by a $34 trillion national debt—even though the federal government since 2021 has raised all sorts of new income and excise taxes.

The era of printing money, zero interest rates, “modern monetary theory,” and spending wildly is drawing to a close. The mounting interest on the national debt is now crowding out optional but soon essential annual federal spending. At some point soon, one generation of Americans is going to have to exercise spending restraint or accept a continuing decline in its living standards.

In sum, in 2024, we will either see the destruction of presidential electoral politics as we have known them or a complete repudiation of lawfare. The current new normal that the party in power indicts the leading candidate of the opposition is not sustainable or compatible with the idea of America.

Either the military will have to deter dramatically our growing number of opportunistic enemies, or it will descend into something like the French army between the world wars—plagued by ideology, ossified brass, corruption, mediocrity, misplaced investments, and bankrupt strategies.

If there are not radical changes in higher education, our Ivy League and self-identified elite campuses will go the way of Bud-Light, Disney, and Target—once premier brands reduced to red ink and laughing-stock caricatures.

The United States is cracking under 8 million illegal entries; it cannot sustain another year and 2 million more illegal entrants—or a total of 55-60 million foreign-born residents, with no idea of how many are U.S. citizens, illegal aliens, or green card holders–or how many are employable, or free of criminal records or in need of massive federal and state subsidies.

In 2024, the U.S. will begin to see that to meet its spiraling debt, it will either keep inflating its currency, or slash spending, or raise even further taxes to the degree that even the lower middle class will have to pay 50 percent of their income in state and federal taxes, or renounce its debt, and thus go full-Third World.

Will we meet these challenges or ensure the ongoing decline?

If what we saw after October 7, or the wild and out-of-control reign of weaponized local and state prosecutors, or what we watch nightly on television at the border, or the paralyses we witness abroad of our military, or the breezy way in which our officials promise groups here and abroad billions of dollars in easy money, continues into 2024, then the country as we knew it will become unrecognizable.

Tyler Durden Tue, 12/26/2023 - 16:25
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'Biggest Losers', Bullion, & Black Gold All Bid On Boxing Day

The S&P 500 is now up over 15% since October 27th. And the Santa rally markets have been experiencing since just before Thanksgiving continues even after he dropped his presents around the world on Monday and faces the Boxing Day hangover.

As Goldman's Chris Hussey notes, a combination of...

  • strong consumer spending in stores (12/14 - Retail sales accelerate in November on sequential basis),

  • a rapid deceleration of inflation (12/22 - Core PCE Inflation falls further), and

  • a dovish tilt from the Fed (12/13 FOMC dots and the market shrugging off the post-FOMC jawboning)

...have all contributed to an extremely market-friendly backdrop for stocks - especially when you consider that US growth remains resilient as captured by the strong November labor reports.

Today's economic data only added to the favorable narrative. The S&P Case-Shiller home price index increased in line with consensus expectations in October. The Chicago Fed National Activity Index jumped back above trend, the Philly Fed Services survey soared back into expansion, and the Dallas Fed manufacturing index for December came in higher than expected.

Source: Bloomberg

Small Caps continued to explode higher today, significantly outperforming the rest of the US majors today (which all managed solid 0.5%-ish gains) amid a low liquidity holiday week. Some late-day selling spoiled the party though...

'Most Shorted' stocks surged back up to erase last Wednesday's 0-DTE-driven pukefest...

Source: Bloomberg

The previous biggest losers continue to dominate the gains as financial conditions have eased dramatically...

Source: Bloomberg

And the dash for trash continues...

Source: Bloomberg

VIX was smashed lower to within a tick of a 12 handle...

Treasuries were unchanged on the day but not after selling pressure overnight which was erased after a strong 2Y auction...

Source: Bloomberg

The 2Y yield was the biggest swinger...

Source: Bloomberg

The dollar dipped back to Friday's lows amid very low liquidity in FX land...

Source: Bloomberg

Bitcoin was clubbed like a baby seal, once again seeming stalling out around $44k...

Source: Bloomberg

Spot gold prices rallied back above $2060...

Source: Bloomberg

Oil prices surged today with WTI back above $76 for the first time since Dec 1st...

Which appears to have put a local low in the price of wholesale and retail gasoline...

Source: Bloomberg

Finally, this is odd...

Source: Bloomberg

Americans are spending more despite being considerably less confident.

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