US Marshals Investigating Whether January 6 Defendants Being Deliberately Mistreated

US Marshals Investigating Whether January 6 Defendants Being Deliberately Mistreated

Authored by Matt Vespa via TownHall.com,

The feds have locked up hundreds of people connected to the January 6 riot. That’s all it was, by the way. It was a riot. It was not a violent insurrection. It wasn’t an armed coup. It wasn’t worse than the American Civil War. It sure as hell wasn’t worse than the 9/11 attacks. It was mostly a bunch of people walking around inside the Capitol Building. It’s why Democrats don’t want us to see all the security camera footage. It’s bland and boring as hell—far from the “end of the republic” narrative they’ve been stroking for months. Get over it. Everyone else has—and the fact that hundreds have been arrested undercuts the reasoning behind creating a select committee to investigate how this happened. No one cares—especially now.

Source: AP Photo/Julio Cortez

Yet, since hundreds are locked up as quasi-political prisoners, a judge seemed worried about deliberate mistreatment. One defendant had a broken wrist which required surgery. DC officials dithered on doing anything for four months. Why? Well, they wouldn’t say, which is why they were held in contempt. 

Judge Royce C. Lamberth called for an investigation into the conditions of the prisoners and the US Marshal Service has acted upon that request (via NBC4 Washington): 

A week ago, a federal judge raised questions about the treatment of those Jan. 6 inmates at the jail after revelations one of the defendants had a broken hand that was allegedly improperly cared for.

The judge also formally found the jail warden and the director of the D.C. Department of Corrections in contempt of court for not responding to court questions about the medical care of Jan. 6 inmates.

The judge says he’s referring the matter to the U.S. attorney general for a possible civil rights violation investigation.

[…]

D.C. Deputy Mayor for Public Safety Chris Geldart confirmed Monday the inspectors are speaking with Jan. 6 defendants and said all court orders are being followed.

“We have been working with the marshals office,” he said. “As a matter of fact, they’re in there today doing an inspection of the jail and talking with many of the Jan. 6 folks that are there to make sure that we are continuing to do that.”

Most of these people should be set free. The sentencing guidelines for some have also been questioned, with federal prosecutors asking for decades-long jail sentences for people who just walked around a building. It’s classic overreach. You don’t need to have a law degree to see that—even Obama-appointed judges see through it. For those who fought with the cops, that’s a different story—but most of these folks didn’t do anything that requires jail time. Sorry—it’s a political witch hunt. And for all this technology that found these people, it seems it’s incapable of finding Brian Laundrie in Florida. This circus has gone on long enough.  

Tyler Durden
Wed, 10/20/2021 – 22:50

NYC Mayor Expands Vaccine Mandate To All City Workers, Offers $500 “Carrot”

NYC Mayor Expands Vaccine Mandate To All City Workers, Offers $500 “Carrot”

Despite pushback against the vaccine mandate imposed on the city’s teachers and public school workers and managers, NYC Mayor Bill de Blasio is taking coercive city mandates to the next level Wednesday by announcing that they would be extended city-wide.

The mayor told MSNBC in an interview Wednesday morning that his mandate will now expand to “all city agencies, all city workers. It’s time for everyone to get vaccinated,” de Blasio said. “Our public employees are going to lead us out of the Covid era.”

So, starting Wednesday, the mayor is once again attempting a combo of “the carrot and the stick” by requiring some 160,500 city employees to get the jab, and who will get an extra $500 in their paychecks just for receiving their first shot at a city-run vaccination site.

Although that benefit will “end at 5pm on Friday, Oct. 29, by which point city employees are required to have proof of at least one dose, according to an NYC government website.

And for those who refuse: “Unvaccinated employees will be placed on unpaid leave until they show proof of vaccination to their supervisor.”

Already, most city workers had to be vaccinated or tested weekly due to either city or state mandates. Health-care workers in the state and city have all been forced to accept the jab or weekly testing due to a mandate from the state.

Somehow, we suspect this new mandate will go over about as well as the last one.

Tyler Durden
Wed, 10/20/2021 – 22:30

Jim Chanos: China’s “Leveraged Prosperity” Model Is Doomed…And That’s Not The Worst Of It

Jim Chanos: China’s “Leveraged Prosperity” Model Is Doomed…And That’s Not The Worst Of It

Authored by Lynn Parramore via The Institute for New Economic Thinking,

Famed short-seller is even more concerned with political fallout from Evergrande than economic/financial woes.

Renowned short-seller Jim Chanos, founder of Kynikos Associates, is what you might call the “ever-bear” of China. For more than a decade, he has warned that the country was building a real estate-driven economy on a feeble house of cards. He spoke to the Institute for New Economic Thinking’s Lynn Parramore about how he views the chickens coming home to roost as the property giant Evergrande – now the world’s most indebted property developer — teeters on the verge of collapse.

Lynn Parramore: Back in ’09, when you started looking at China, your real estate analysts alerted you to the mind-boggling amount of real estate overdevelopment there. You warned that this overdevelopment would end badly. After Xi Jinping became president in 2013, you expressed the then-minority view that a different kind of leader had arrived on the scene. What’s your take on what has happened since then?

Jim Chanos: In 2013, we put a slide in our presentation for investors and talks that was very controversial – especially for Chinese nationals. It showed President Xi Jinping in emperor’s garb. People thought we should take it out, that it was offensive. At the time, Xi was widely seen as just the latest in a series of technocrats who had risen through the ranks — one who would follow along with Deng Xiaoping’s reforms. It’s “capitalism with Chinese characteristics.” It’s okay to get rich as long as the country prospers.

But a few things made us think, no, this guy is different. His first speech in China after becoming president was critical of the Soviet Union for being soft on perestroika. They should have crushed it when they had the chance, he said. Xi then set up an institute to study the Soviet Union’s collapse. That was a red flag to us that he was going to be more hardline than people thought. He went on to do an anti-corruption drive, which people dismissed as a typical settling of scores that Chinese leaders do. But it actually extended beyond that. A couple of years later, he began talking in Puritanical terms about social issues. Again, that was different. Nobody had cared about that stuff for 20 years. Do what you want as long as you don’t question the party. Next, we had the book collecting his speeches and writings, which people could be seen carrying around. He started showing up in military events dressed in Mao jackets. This symbolism isn’t lost in China.

We noticed all this, but the real switch occurred in 2019 when he started going after celebrities like Jack Ma [co-founder of Alibaba]. At that point, it was clear that this president was not stepping down at the end of 10 years. He was taking a much harder line on the “flowers of capitalism,” if you will, than past presidents. In 2021, all of this exploded into the open. There’s been initiative after initiative. Redistributing wealth to the masses. Going after other leaders. Overlaid on top of this is the Evergrande saga.

LP: Let’s talk about Evergrande, the Shenzhen developer whose crisis has got everybody worried. How did things get so bad?

JC: Last year, as the tech crackdown was gaining momentum, Xi’s administration put down a set of rules called the “three red lines.” They were sort of balance sheet financial tests. It was an attempt to deleverage the real estate developers.

LP: Which means he knew something was wrong.

JC: Well, here’s the problem. I always joke that when you have an investment-driven economic model, you know your annual GDP on January 1st of that year, because you can stick shovels in the ground to make your growth numbers. That’s how the model works. It’s not a consumption-based model. As we now know — and the Wall Street Journal just had some phenomenal numbers in a recent piece – that real estate construction is now larger than it was when he took office. I would always hear, well, don’t worry: these are smart guys, technocrats who see the problem and will wean themselves off this apartment construction-on-steroids. But they haven’t.

LP: Why haven’t they been able to slow it down?

JC: Since we started following China at the end of ’09, this is the fourth time that they’ve attempted to slow the real estate market down, because they do know that this is going to be basically too big to deal with if it keeps growing at the rate it’s growing. But every time they’ve done it, the economy has hit stall speed very quickly, and they panicked. They went from hitting the breaks to hitting the accelerator. That’s why we’ve seen higher levels of real estate. The idea that “I can’t lose buying apartments” became ingrained with bankers, real estate speculators, and the public.

LP: So with Evergrande, everyone came to expect a bailout?

JC: I think we’re at that crossroads. The problem is that these companies are so much bigger than they were in 2015 or 2011. Can you bail everybody out? In the case of the developers, you have an additional problem. The biggest amount of liabilities is not necessarily to banks and bondholders. It’s to apartment buyers. Here’s why: the Chinese real estate finance system is exactly the opposite of ours. In our system, when there’s a new development, you’re typically required to put 10% down to sign a contract, with the balance due on closing. You go get your financing and your mortgage proceeds pay for the rest of the house or the apartment. In China, you pay upfront. You are extending the developer a loan. So, of the $300 billion in liabilities Evergrande owes, I think the biggest chunk, last time I checked, is basically what we would call a deferred revenue item. It’s money that you took in from people, and you owe them an apartment. And the apartments aren’t done, but the money’s been spent. So the problem is not just bailing people out, but the question of who is going to put up more capital to pay off the retail people that have bought apartments that haven’t gotten anything.

These numbers are big, and Evergrande is not the only one. There are a handful of developers that are missing interest payments and have their bond prices reflecting distress.

LP: How much has corruption played a role in this mess?

JC: That’s a problem with their economic model focusing so much on real estate. Because they don’t have a local tax system, like property taxes, the local governments sell land to pay for local services. But whenever you have private developers buying land from municipalities controlled by one party, yeah, it’s ripe for corruption. We know that’s rampant in China.

LP: How do you view the policy reaction to Evergrande?

JC: So, what do the policymakers do? It’s not a Lehman moment in that there’s not a lot of cross-border interbank lending here. The Chinese system is still pretty much a closed financial system. That’s not the risk. During the Global Financial Crisis [GFC], what brought us to our knees was the liability side of the banks’ books. They couldn’t roll over the loans to each other because no one trusted the assets. Here, it’s the assets. I think that if they try to inflate it again, if they try to bail it out again, we’re only going to be right back in this soup in another two or three years, with even bigger problems.

LP: Is this only a problem with the real estate sector, or is it more extensive?

JC: Based on our analysis of the numbers – and you have to take the Chinese numbers with more than a shaker of salt – we’ve long thought that residential real estate was probably 20% of GDP and that all in, real estate construction and related services was about 25%. Ken Rogoff came out with a study last year that said it was 29%. That’s already a huge amount compared to other countries.

Well, the numbers that the Wall Street Journal just put out were staggering, implying that there were 1.6 million acres of residential real estate under construction. If you do the math, it’s the equivalent of 72 million apartments. We believed that they were selling 20 million a year, but the WSJ story seems to imply that the numbers are actually much, much bigger. That tells me that our numbers and Rogoff’s numbers regarding GDP are probably on the low side. It could be a 30-40% problem, not a 20-25% problem. It’s just magnitudes bigger. We’ve never seen anything like this. And there’s no game plan, no historical analog. Maybe Tokyo in ’89? But this is worse than that. It’s worse than Spain in ’06 or Ireland in ’06. We’ve just never seen an economy this dependent on putting up apartment buildings — apartments that nobody is residing in. Everybody already has an apartment! These additional ones are second and third apartments at this point, and only for people who can afford them because they’re extremely expensive.

I think the Chinese government has convinced themselves that by borrowing lots of money from their own citizens and elsewhere, that there’s ongoing activity that is sustainable. But as we find out in every real estate bubble that bursts, when your activity is constructing real estate itself and you’re taking capital and turning it into income by paying construction workers and real estate brokers and everybody else, when that activity ends, it goes poof! And there’s no income from the asset you’ve just financed. It’s not like building a factory where you have demand for your products. It’s just apartments sitting empty in Beijing or Shenzhen.

LP: How does this problem relate to Chinese politics?

JC: As all of this is happening on the financial and economic front, along with the crackdown on business elites, we’ve seen a commensurate rise in bellicosity, in saber-rattling toward Taiwan, India, and Tibet. We’ve seen a much more aggressive posture from Xi in relating to the West. Now every day there’s a warning in one of the Chinese Communist Party organs threatening Australia if they come to Taiwan, threatening Japan. I don’t know if the Party is preparing the citizenry for a “them.” Someone to blame.

LP: As we’ve seen with the pandemic already.

JC: Yes, and in the way they’ve treated the West’s outrage about the concentration camps in Xinjiang province. That’s the classic authoritarian move. We know it from our own country. Blame someone. “It’s their fault, not our fault.” We need an enemy. I don’t know how real the saber-rattling is. Is it a distraction from domestic belt-tightening that’s coming? Planting the idea that we’re going through hard times because the whole world is against us? We’ll see. It’s an incredibly interesting time to be watching China.

LP: What does it all mean to the rest of the world?

JC: Again, I think it’s not a financial transmission issue reverberating through the financial systems and markets. I do think that it will affect global growth. China was a full point of the 3% global real growth we’ve had since the GFC. Without China, it’s 2%. So China itself, by growing 7 or 8% a year was a disproportionate amount of global growth. It’s also going to impact what I call Greater China, which is Taiwan, South Korea, Singapore – the areas that trade very actively with China. And it will definitely impact commodity exporters. In this massive build-out, China has continued to suck in iron ore and copper and all kinds of things from a variety of different countries like Brazil and Australia. But I think that the impact might be more political than financial. That’s what worries me.

LP: How would you characterize these worries?

JC: It’s the rise of bellicosity, the rise of a more militant China as the economy and the financial situation has gotten more precarious. That’s a 1930s kind of problem. We know that a rise in authoritarianism and statism around the world was one of the upshots of ’29-’32. You had leaders saying, “I’m the one that can get us out of this problem” and “They are the ones who got us here.” This situation in China is a little bit frightening to the student of history, because there’s no doubt, whether you’re flying over Taiwan airspace or coming close to ships in the South China Sea, that there’s a rise of tensions in and around China. I don’t think it’s a coincidence.

LP: To touch on Xi’s crackdown on the tech industry, how do you view that in the context of the need to lessen this dependency on the real estate sector? Certainly, we can see in our own case with Silicon Valley — Facebook and so on — that poorly regulated tech is a problem. But what does Xi’s stance mean in the context of his desire for China to be a leader in innovation, on the cutting edge of technology?

JC: That was always one of the responses to our concerns about the investment-driven model. People said, well, everyone does everything on their smartphone in China. They’re far more advanced in social media than we are and more advanced in payment systems, and so on.

The problem was that, number one, it gave rise to these global tech celebrities, and number two, I think China, or the Party, realized a little bit later than they might have that the control of databases and information that these companies have is certainly a power center. And the one thing that the Communist Party cannot brook is a threat to its control. There are no other political parties, no free press. The only thing that could challenge control is the thing that people said would liberalize China – the internet. Access to the internet, access to ideas, access to global media. People thought these things would democratize China, but Xi is saying no: we’re going to put up a Great Firewall and we’re not going to allow Alibaba to have as much power as the Party.

LP: And it looks like he’s going after the banks next.

JC: The real estate system is so big, and so levered – the banking system has grown with it, of course. It seems to me that Xi is basically going through all the power centers — technology, finance, etc., and cracking down. He’s making sure his people are completely in charge and that there’s no interference, no other power centers. And it makes me ask why. What’s the end game? I mean, the Party has control of the country for the most part. The citizens understand that. So why? What is coming that he feels he needs to make sure that all of his people are in control? I can’t help but think of Stalin. The end game puzzles me the most. Is it to prepare for a takeover of Taiwan? To be more forceful on the international stage? I don’t know.

LP: What is distinct about China’s vision of capitalism in the context of a one-party system? What are its particular features and challenges?

JC: What distinguishes China and what makes it so unique from my perspective, putting on the financial historian’s hat, is that the speed at which they developed was unprecedented, and the amount of risk they have taken to do that is unprecedented. Their banking system is now the largest in the world. The amount of real estate construction is just completely insane, and until, perhaps, this past 12 months, we haven’t seen a real, serious effort to say, “Maybe we should rethink this fantasy where everybody is going to have six apartments. Maybe we need to do other things in our economy to balance it out.”

How are they going to deal with the transition? Because they’re going to have to do it at some point. I think it’s going to be fascinating to see how they try to get out of it. Do they switch spending to defense spending? Do we get an arms race? Can they keep a closed currency? There are a whole lot of big questions.

They’ve got to make some tough decisions on how the economic model is going to work going forward. In the late ‘80s, everybody thought Japan was going to surpass the U.S., but they had the same problems – a banking system that was bloated, real estate prices too high, too dependent on exports, and they’ve had 30 years of muddling through. The idea that China is going to be growing 6 or 7% while the rest of the world is growing 2% just has to be revisited. It’s not gonna happen. That realization is going to be the bucket of cold water that’s going to force them to rethink next steps. The population has been used to this leveraged prosperity, and everybody has borrowed money to buy real estate. What are the next steps? It’s otherworldly what they have done with real estate. Whatever happens, it’s going to be severe somehow. Whether it’s politically or financially — whatever it is, it’ll be severe.

Tyler Durden
Wed, 10/20/2021 – 22:10

As Buffalo-Area Starbucks’ Rally To Unionize, Corporate “Support Managers” Keep Showing Up At Stores

As Buffalo-Area Starbucks’ Rally To Unionize, Corporate “Support Managers” Keep Showing Up At Stores

Starbucks employees at several Buffalo area stores have filed for union elections. Not long after, “support managers” from Starbucks corporate started showing up for site visits. 

The corporate employees are “part of a counteroffensive” by the company to help sniff out and prevent unionizing, employees told the New York Times

Executives from out of town have also made an increasing number of visits, a move that Starbucks says is “standard company practice” and is to help “improve training”. 

Decade long Starbucks veteran Michelle Eisen said: “For a lot of newer baristas, it’s an imposing force. It is not an easy job. It should not be complicated further by feeling like you’re having everything you’re doing or saying watched and listened to.”

Starbucks employee Alexis Rizzo said: “It’s insane. Even if you’re just trying to run to the back to grab a gallon of milk, you now have to run an obstacle course to fit between all the folks who have no real reason to be there.”

She said it was “intimidating” and that dozens of employees could all be in the store at once. 

A Starbucks spokesman said: “The listening sessions led to requests from partners that resulted in those actions. It’s not a decision where our leadership came in and said, ‘We’re going to do this and this.’ We listened, heard their concerns.”

Starbucks has so far staved off similar uprisings for unions in New York City in the early 2000s and in Philadelphia in 2019. 

According to the NY Times, “Starbucks is also seeking to persuade the labor board to require that workers at all 20 Buffalo-area stores take part in the election, rather than allow stores to vote individually, arguing that employees can spend time at multiple locations.”

As of now, none of Starbucks’ 9,000 locations are unionized. The National Labor Relations Board says union elections should be able to take place in an environments free of intimidation. Former NLRB chair Wilma Liebman said that Starbucks’ actions could eventually result in a union election being set aside, should the union lose.

“You could say it’s part of an overall series of events that seems to create a tendency that people would be chilled or inhibited,” she said.

Tyler Durden
Wed, 10/20/2021 – 21:50

Joe Biden & The Disappearing Elephant: How To Make A Full-Sized Scandal Vanish In Front Of An Audience Of Millions

Joe Biden & The Disappearing Elephant: How To Make A Full-Sized Scandal Vanish In Front Of An Audience Of Millions

Authored by Jonathan Turley,

This week marked the anniversary of one of the greatest political tricks in history: the disappearance of Hunter Biden scandal. 

New emails were released that added new details to what was a raw influence peddling operation that netted millions from foreign sources. A new tranche of emails connecting President Joe Biden to key accounts prove just how this political sleight of hand was worthy of Houdini. After all, Houdini only made an elephant disappear. The Bidens made the equivalent to an entire circus disappear in front of an audience of millions.

How Houdini made his 10,000 pound elephant Jennie disappear every night in New York’s Hippodrome remains a matter of some debate. There are no good pictures of his famous cabinet and Houdini later threatened to sue those claiming “disappearing elephants.”  What is clear is that the sheer size and the audacity of the act (like that of the Bidens) contributed to the trick. The fact is that Jennie never left the large cabinet, people just didn’t see it.

The Bidens achieved the same effect. They made a full-sized scandal disappear with the help of media and members who did not want the public to see it.  Twitter banned postings about the laptop until after Biden was elected. The media dismissed the story as a conspiracy theory with some mocking the “New York Post and everyone else who got suckered into the ridiculous Hunter Biden Laptop story. Take a bow.”

Committee Chairman Adam Schiff assured that public that “this whole smear on Joe Biden comes from the Kremlin.”

Some 50 former intelligence officials, including Obama’s CIA directors John Brennan and Leon Panetta, also insisted the laptop story was likely the work of Russian intelligence.

The laptop is, of course, now recognized as genuine even by some of the early deniers. Hunter remains under criminal investigation for possible tax and money laundering violations. But the greatest “reveal” is the person referred to as “the Big Guy” and “Celtic” in these emails: President Biden.

Recently released emails reference payments to President Biden from son’s accounts and indicate the possible commingling of funds.  Even more embarrassing, the shared account may have been used to pay a Russian prostitute named “Yanna.” In one text, a former secret service agent warns Hunter (who was holed up with a prostitute in an expensive hotel) “Come on H this is linked to Celtic’s account.”

The question is whether prosecutors will continue to act like they do not see the elephant. Consider these established facts:

  • First, it is widely believed that Hunter Biden and his uncle James Biden, received millions in influence peddling. For his part, Hunter only had influence and access to sell. He admits that he was a crack addict and alcoholic all the way up to the start of his father’s presidential campaign — in his words, “Drinking a quart of vodka a day by yourself in a room is absolutely, completely debilitating,” as well as “smoking crack around the clock.”

  • Second, Joe Biden has continued to deny knowledge or involvement in these foreign dealings and those denials are now directly contradicted by emails and witnesses. Hunter himself contradicted his father’s repeated denials. Likewise, a key business associate of Hunter Biden, Anthony Bobulinski, directly accused Joe Biden of lying about his involvement. Bobulinski has detailed a meeting with Joe Biden in a hotel to go over the dealings. Past emails included discussions of offering access to then-Vice President Biden. They also include alleged payments to Joe Biden. In one email, there is a discussion of a proposed equity split of “20” for “H” and “10 held by H for the big guy?” Bobulinski confirmed that “H” was used for Hunter Biden and that his father was routinely called “the big guy” in these discussions.

  • Third, while he was vice president, Joe Biden allowed Hunter to fly on Air Force 2 to countries like China where he was seeking millions. He also met with Hunter’s foreign business associates. In 2015, a State Department official flagged the possible conflicts from Hunter’s dealings during the Obama Administration.

  • Fourth, new emails suggest a commingling of funds between Hunter and his father. Emails from Eric Schwerin, his business partner at the Rosemont Seneca consultancy, refer to the payment of household bills for both Joe Biden and Hunter Biden. He also notes that he was transferring money from Joe Biden. Rosemont Seneca is directly involved in the alleged influence peddling schemes and questionable money transfers from Chinese and Russian sources.

  • Finally, Hunter himself admitted that his missing computers files may have been stolen by foreign agents for blackmail purposes. Hunter’s emails claim one of his laptops may have been stolen by Russian agents after a drug and alcohol binge with prostitutes.

Given the ongoing criminal prosecution, that would seem an ample basis for the appointment of a special counsel. The President is mentioned repeatedly in emails and by witnesses in relation to influence peddling schemes and even receiving funds from shared accounts. He has also denied knowledge that key witnesses refute, including his son.

Influence peddling is common in Washington and can be done legally. Yet, it has also been the subject of intense criminal investigations. For example, the FBI raided the home of Trump counsel Rudolph Giuliani and others based on allegations of influence peddling in an ongoing criminal investigation. The Justice Department wants to know if Giuliani secured contracts in exchange for access or influence. The media gleefully recounted the raids and how Giuliani may have cashed in on his access.

It seems that the illusion depends on the specific elephant.

Houdini once said that “It is still an open question . . . as to what extent exposure really injures a performer.” The same question can be asked about a politician. President Biden is in full display in these emails. The question is whether the public – or the prosecutors – want to see him.

Tyler Durden
Wed, 10/20/2021 – 21:30

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